State Employees' in Tennessee vs the state
17.9%Denial rate+0.72 pts vs state
23.5%Decision denial rate+1.85 pts vs state
57.1%Origination rate-0.94 pts vs state
5.83%Median rate-0.80 pts vs state
-0.37Rate spread (pts)-0.60 pts vs state
$114kMedian applicant income
64Loans originated
20Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 111 | 63 | 23.4% | 5.90% | #278 |
| 2024 | 108 | 62 | 22.2% | 5.94% | #293 |
| 2025 | 112 | 64 | 17.9% | 5.83% | #300 |
What State Employees' lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most State Employees' applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Johnson County | 17 | 11 | 1 | 5.9% |
| Carter County | 12 | 5 | 5 | 41.7% |
| Sevier County | 9 | 4 | 1 | 11.1% |
| Sullivan County | 8 | 5 | 1 | 12.5% |
| Knox County | 8 | 4 | 4 | 50.0% |
| Washington County | 7 | 3 | 1 | 14.3% |
| Unicoi County | 6 | 4 | 2 | 33.3% |
| Davidson County | 5 | 3 | 0 | 0.0% |
| Hamilton County | 5 | 4 | 1 | 20.0% |
| Greene County | 4 | 2 | 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: 112 applications in 2025, of which 64 were originated and 20 denied.
17.9% of all applications, or 23.5% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans State Employees' originated in Tennessee in 2025 was 5.83%, against a statewide median of 6.62%.
About this data. Figures are State Employees''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