Truist Bank · Tennessee · 2025

Truist Bank in Tennessee: approval rate, denial rate and rates (2025)

Truist Bank took 4,114 mortgage applications in Tennessee in 2025, ranking #13 of 1,274 lenders active in the state. It originated 49.0% of them and denied 37.2% (42.2% of the applications it decided), against a statewide denial rate of 17.1%.

4.1kApplicationsin TN
42.2%Decision denial ratestate 21.7%
6.63%Median ratestate 6.62%
$125,000Median loanstate $225,000
$469MVolume88 counties

Truist Bank in Tennessee vs the state

37.2%Denial rate+20.10 pts vs state
42.2%Decision denial rate+20.56 pts vs state
49.0%Origination rate-9.13 pts vs state
6.63%Median rate0.00 pts vs state
-0.04Rate spread (pts)-0.27 pts vs state
$103kMedian applicant income
2,014Loans originated
1,532Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234,8382,17140.5%7.74%#10
20244,0931,78039.0%7.74%#11
20254,1142,01437.2%6.63%#13

What Truist Bank lends in Tennessee

By loan purpose

Home purchase 774 19% · 15.3% denied
Refinance 880 21% · 34.1% denied
Cash-out refinance 226 5% · 16.4% denied
Home improvement 1,051 26% · 46.2% denied
Other / HELOC 1,183 29% · 50.0% denied

By loan type

Conventional 4,019 98% · 37.6% denied
FHA 70 2% · 27.1% denied
VA 22 1% · 0.0% denied
USDA / RHS 3 0% · 33.3% denied

Why it denied Tennessee applicants

Debt-to-income ratio 524 34%
Incomplete application 517 34%
Credit history 305 20%
Collateral 82 5%
Other 74 5%
Unverifiable information 12 1%
Insufficient cash 9 1%
Employment history 9 1%

Where in Tennessee

Counties with the most Truist Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hamilton County 582292210 36.1%
Davidson County 565250250 44.2%
Knox County 493288136 27.6%
Shelby County 412149200 48.5%
Williamson County 26613396 36.1%
Rutherford County 2099980 38.3%
Blount County 1427948 33.8%
Bradley County 1285556 43.8%
Sumner County 1115640 36.0%
Loudon County 1026029 28.4%

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: 4,114 applications in 2025, of which 2,014 were originated and 1,532 denied.

37.2% of all applications, or 42.2% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Truist Bank originated in Tennessee in 2025 was 6.63%, against a statewide median of 6.62%.

About this data. Figures are Truist Bank'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