Trustmark National Bank · Tennessee · 2025

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

Trustmark National Bank took 503 mortgage applications in Tennessee in 2025, ranking #115 of 1,274 lenders active in the state. It originated 64.0% of them and denied 22.1% (25.1% of the applications it decided), against a statewide denial rate of 17.1%.

503Applicationsin TN
25.1%Decision denial ratestate 21.7%
6.95%Median ratestate 6.62%
$105,000Median loanstate $225,000
$56MVolume23 counties

Trustmark National Bank in Tennessee vs the state

22.1%Denial rate+4.93 pts vs state
25.1%Decision denial rate+3.43 pts vs state
64.0%Origination rate+5.94 pts vs state
6.95%Median rate+0.33 pts vs state
0.22Rate spread (pts)-0.01 pts vs state
$80kMedian applicant income
322Loans originated
111Denied

Trend in Tennessee

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,08770617.2%7.00%#59
202458736023.2%7.00%#92
202550332222.1%6.95%#115

What Trustmark National Bank lends in Tennessee

By loan purpose

Home purchase 198 39% · 11.6% denied
Refinance 128 25% · 24.2% denied
Cash-out refinance 17 3% · 41.2% denied
Home improvement 64 13% · 31.3% denied
Other / HELOC 96 19% · 31.3% denied

By loan type

Conventional 401 80% · 21.7% denied
FHA 84 17% · 27.4% denied
VA 16 3% · 6.3% denied
USDA / RHS 2 0% · 0.0% denied

Why it denied Tennessee applicants

Credit history 55 50%
Debt-to-income ratio 42 38%
Collateral 9 8%
Insufficient cash 2 2%
Other 2 2%
Unverifiable information 1 1%

Where in Tennessee

Counties with the most Trustmark National Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Shelby County 41025598 23.9%
Fayette County 42268 19.0%
Tipton County 1072 20.0%
McNairy County 650 0.0%
Hardin County 440 0.0%
Davidson County 431 25.0%
Williamson County 330 0.0%
DeKalb County 320 0.0%
Hamilton County 320 0.0%
Rutherford County 220 0.0%

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: 503 applications in 2025, of which 322 were originated and 111 denied.

22.1% of all applications, or 25.1% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

The median rate on loans Trustmark National Bank originated in Tennessee in 2025 was 6.95%, against a statewide median of 6.62%.

About this data. Figures are Trustmark National 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