Third Federal Savings and Loan Association of Cleveland in Tennessee vs the state
29.3%Denial rate+12.18 pts vs state
34.8%Decision denial rate+13.16 pts vs state
52.3%Origination rate-5.76 pts vs state
6.99%Median rate+0.37 pts vs state
-0.27Rate spread (pts)-0.50 pts vs state
$146kMedian applicant income
248Loans originated
139Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 470 | 252 | 32.8% | 6.99% | #97 |
| 2024 | 586 | 304 | 36.9% | 7.49% | #93 |
| 2025 | 474 | 248 | 29.3% | 6.99% | #119 |
What Third Federal Savings and Loan Association of Cleveland lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Third Federal Savings and Loan Association of Cleveland applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Williamson County | 94 | 49 | 25 | 26.6% |
| Davidson County | 52 | 28 | 14 | 26.9% |
| Knox County | 42 | 18 | 16 | 38.1% |
| Shelby County | 42 | 23 | 9 | 21.4% |
| Hamilton County | 35 | 18 | 11 | 31.4% |
| Rutherford County | 24 | 11 | 6 | 25.0% |
| Sumner County | 20 | 10 | 7 | 35.0% |
| Wilson County | 18 | 9 | 8 | 44.4% |
| Blount County | 9 | 6 | 2 | 22.2% |
| Maury County | 9 | 7 | 1 | 11.1% |
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: 474 applications in 2025, of which 248 were originated and 139 denied.
29.3% of all applications, or 34.8% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Third Federal Savings and Loan Association of Cleveland originated in Tennessee in 2025 was 6.99%, against a statewide median of 6.62%.
About this data. Figures are Third Federal Savings and Loan Association of Cleveland'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