Mortgage lender · Nashville, TN · LEI 549300FZ8E0GLIFFYB55

Volunteer State Bank review: approval odds, rates and grade (2025)

Volunteer State Bank earns a B, better than most small mortgage lenders. It turned down 11.8% of the applications it decided on in 2025, which ranks in the 42nd percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

442Applications2025
82.8%Originatedof applications
11.8%Decision denial ratenational 22.6%
Median ratenational 6.63%
$148MLoan volume4 states

Volunteer State Bank at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

11.5%Denial rate (all applications)-6.44 pts vs national
11.8%Denial rate (decided applications)-10.84 pts vs national
82.8%Origination rate+24.78 pts vs national
1.8%Withdrawn by applicant
0.0%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$205,000Median loan amount
Median total loan costs
$148kMedian applicant income
Median loan-to-value
0High-cost (HOEPA) loans

How the B grade breaks down

Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

42nd11.8% denied

Processwithdrawn + incomplete share, weight 15%

90th1.8%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202357245311.2%11.6%$135M
202444735113.2%13.8%$111M
202544236611.5%11.8%$148M

What Volunteer State Bank lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 93 21% · 6.5% denied
Refinance 127 29% · 5.5% denied
Cash-out refinance 4 1% · 75.0% denied
Home improvement 142 32% · 14.1% denied
Other / HELOC 76 17% · 19.7% denied

By loan type

Conventional 442 100% · 11.5% denied

Also: 0 home-equity lines, 0 reverse mortgages, 10 manufactured homes, 124 investment properties.

Who gets approved at Volunteer State Bank

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k282410.7%
$50k – $100k654423.8%
$100k – $150k927314.3%
$150k – $250k85729.8%
Over $250k948010.8%
Applicant ageApplicationsOriginatedDecision denial rate
25–34332515.6%
35–44877014.1%
45–541037421.8%
55–64766610.5%
65–7447416.7%
Over 7421194.8%

Where Volunteer State Bank lends

4 states and 21 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Tennessee43636111.5%#125

Frequently asked questions

Volunteer State Bank denied 11.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 42nd percentile of small mortgage lenders.

In 2025, 21% of its applications were for home purchases, 30% for refinancing (including cash-out), and 49% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Volunteer State Bank. Data sources · Methodology