TOWER Federal Credit Union in Tennessee vs the state
28.6%Denial rate+11.43 pts vs state
33.3%Decision denial rate+11.65 pts vs state
57.1%Origination rate-0.94 pts vs state
7.50%Median rate+0.88 pts vs state
0.40Rate spread (pts)+0.17 pts vs state
$133kMedian applicant income
16Loans originated
8Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 40 | 25 | 32.5% | 7.00% | #422 |
| 2024 | 44 | 19 | 38.6% | 7.75% | #410 |
| 2025 | 28 | 16 | 28.6% | 7.50% | #495 |
What TOWER Federal Credit Union lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most TOWER Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Davidson County | 5 | 1 | 3 | 60.0% |
| Hamilton County | 3 | 3 | 0 | 0.0% |
| Shelby County | 3 | 2 | 1 | 33.3% |
| Sumner County | 3 | 1 | 1 | 33.3% |
| Grainger County | 2 | 1 | 0 | 0.0% |
| Maury County | 2 | 1 | 1 | 50.0% |
| Knox County | 1 | 1 | 0 | 0.0% |
| Blount County | 1 | 0 | 0 | 0.0% |
| Jefferson County | 1 | 1 | 0 | 0.0% |
| Monroe County | 1 | 0 | 1 | 100.0% |
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: 28 applications in 2025, of which 16 were originated and 8 denied.
28.6% of all applications, or 33.3% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans TOWER Federal Credit Union originated in Tennessee in 2025 was 7.50%, against a statewide median of 6.62%.
About this data. Figures are TOWER Federal Credit Union'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