T2 Financial in Tennessee vs the state
9.8%Denial rate-7.34 pts vs state
11.3%Decision denial rate-10.38 pts vs state
74.0%Origination rate+15.94 pts vs state
6.50%Median rate-0.12 pts vs state
0.29Rate spread (pts)+0.06 pts vs state
$100kMedian applicant income
151Loans originated
20Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 120 | 84 | 13.3% | 7.13% | #266 |
| 2024 | 261 | 197 | 7.7% | 6.50% | #165 |
| 2025 | 204 | 151 | 9.8% | 6.50% | #211 |
What T2 Financial lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most T2 Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Shelby County | 46 | 32 | 3 | 6.5% |
| Wilson County | 23 | 16 | 3 | 13.0% |
| Davidson County | 19 | 15 | 1 | 5.3% |
| Bedford County | 18 | 12 | 3 | 16.7% |
| Rutherford County | 8 | 7 | 0 | 0.0% |
| Knox County | 8 | 7 | 0 | 0.0% |
| Sevier County | 7 | 2 | 3 | 42.9% |
| Hawkins County | 7 | 3 | 2 | 28.6% |
| Fayette County | 6 | 6 | 0 | 0.0% |
| Maury County | 6 | 4 | 2 | 33.3% |
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: 204 applications in 2025, of which 151 were originated and 20 denied.
9.8% of all applications, or 11.3% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans T2 Financial originated in Tennessee in 2025 was 6.50%, against a statewide median of 6.62%.
About this data. Figures are T2 Financial'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