Southwest Funding in Tennessee vs the state
4.3%Denial rate-12.81 pts vs state
5.5%Decision denial rate-16.18 pts vs state
69.7%Origination rate+11.60 pts vs state
6.50%Median rate-0.12 pts vs state
0.47Rate spread (pts)+0.24 pts vs state
$85kMedian applicant income
193Loans originated
12Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 284 | 203 | 2.5% | 6.99% | #141 |
| 2024 | 290 | 204 | 4.1% | 6.88% | #150 |
| 2025 | 277 | 193 | 4.3% | 6.50% | #171 |
What Southwest Funding lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Southwest Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Montgomery County | 114 | 89 | 2 | 1.8% |
| Shelby County | 36 | 24 | 3 | 8.3% |
| Rutherford County | 24 | 16 | 1 | 4.2% |
| Davidson County | 15 | 8 | 0 | 0.0% |
| Knox County | 10 | 6 | 1 | 10.0% |
| Sumner County | 6 | 6 | 0 | 0.0% |
| Stewart County | 5 | 3 | 1 | 20.0% |
| Wilson County | 5 | 2 | 0 | 0.0% |
| Franklin County | 5 | 2 | 1 | 20.0% |
| Smith County | 4 | 3 | 0 | 0.0% |
Other large lenders in Tennessee
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 16,503 | 17.3% | 6.50% |
| United Shore Financial Services | B | 12,458 | 10.9% | 6.12% |
| Regions Bank | C | 11,247 | 36.5% | 4.99% |
| Vanderbilt Mortgage and Finance | F | 9,649 | 35.8% | 8.75% |
| Mortgage Research Center | C | 6,568 | 17.3% | 6.25% |
| FirstBank | C | 5,677 | 14.5% | 6.88% |
| CMG Mortgage | A | 5,643 | 2.9% | 6.50% |
| Freedom Mortgage | B | 5,493 | 8.0% | 6.25% |
| Pennymac Loan Services | C | 5,331 | 11.2% | 6.00% |
| Mortgage Investors Group | B | 4,454 | 3.5% | 6.50% |
Frequently asked questions
Tennessee: 277 applications in 2025, of which 193 were originated and 12 denied.
4.3% of all applications, or 5.5% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Southwest Funding originated in Tennessee in 2025 was 6.50%, against a statewide median of 6.62%.
About this data. Figures are Southwest Funding's own HMDA filing for properties located in Tennessee, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology