The Loan Store · Tennessee · 2025

The Loan Store in Tennessee: approval rate, denial rate and rates (2025)

The Loan Store took 790 mortgage applications in Tennessee in 2025, ranking #82 of 1,274 lenders active in the state. It originated 71.5% of them and denied 8.0% (9.0% of the applications it decided), against a statewide denial rate of 17.1%.

790Applicationsin TN
9.0%Decision denial ratestate 21.7%
6.88%Median ratestate 6.62%
$285,000Median loanstate $225,000
$185MVolume69 counties

The Loan Store in Tennessee vs the state

8.0%Denial rate-9.17 pts vs state
9.0%Decision denial rate-12.69 pts vs state
71.5%Origination rate+13.44 pts vs state
6.88%Median rate+0.25 pts vs state
0.32Rate spread (pts)+0.09 pts vs state
$128kMedian applicant income
565Loans originated
63Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231085913.0%7.00%#282
20245383519.1%6.99%#98
20257905658.0%6.88%#82

What The Loan Store lends in Tennessee

By loan purpose

Home purchase 483 61% · 2.9% denied
Refinance 70 9% · 8.6% denied
Cash-out refinance 103 13% · 5.8% denied
Home improvement 45 6% · 28.9% denied
Other / HELOC 89 11% · 27.0% denied

By loan type

Conventional 705 89% · 7.9% denied
FHA 62 8% · 9.7% denied
VA 17 2% · 5.9% denied
USDA / RHS 6 1% · 0.0% denied

Why it denied Tennessee applicants

Debt-to-income ratio 19 30%
Collateral 13 21%
Incomplete application 13 21%
Other 11 17%
Credit history 5 8%
Insufficient cash 2 3%

Where in Tennessee

Counties with the most The Loan Store applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Davidson County 90615 5.6%
Knox County 85648 9.4%
Sevier County 73493 4.1%
Williamson County 47353 6.4%
Shelby County 45217 15.6%
Hamilton County 41322 4.9%
Rutherford County 39312 5.1%
Bradley County 37301 2.7%
Sumner County 35234 11.4%
Blount County 27211 3.7%

Other large lenders in Tennessee

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 16,50317.3%6.50%
United Shore Financial ServicesB 12,45810.9%6.12%
Regions BankC 11,24736.5%4.99%
Vanderbilt Mortgage and FinanceF 9,64935.8%8.75%
Mortgage Research CenterC 6,56817.3%6.25%
FirstBankC 5,67714.5%6.88%
CMG MortgageA 5,6432.9%6.50%
Freedom MortgageB 5,4938.0%6.25%
Pennymac Loan ServicesC 5,33111.2%6.00%
Mortgage Investors GroupB 4,4543.5%6.50%

Frequently asked questions

Tennessee: 790 applications in 2025, of which 565 were originated and 63 denied.

8.0% of all applications, or 9.0% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans The Loan Store originated in Tennessee in 2025 was 6.88%, against a statewide median of 6.62%.

About this data. Figures are The Loan Store'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