Largest mortgage lenders in Tennessee
By applications received in 2025. Grade is the lender's national grade.
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | C | 16,503 | 11,919 | 17.3% | 6.50% |
| 2 | United Shore Financial Services | B | 12,458 | 8,992 | 10.9% | 6.12% |
| 3 | Regions Bank | C | 11,247 | 5,322 | 36.5% | 4.99% |
| 4 | Vanderbilt Mortgage and Finance | F | 9,649 | 1,509 | 35.8% | 8.75% |
| 5 | Mortgage Research Center | C | 6,568 | 3,178 | 17.3% | 6.25% |
| 6 | FirstBank | C | 5,677 | 4,089 | 14.5% | 6.88% |
| 7 | CMG Mortgage | A | 5,643 | 3,925 | 2.9% | 6.50% |
| 8 | Freedom Mortgage | B | 5,493 | 2,436 | 8.0% | 6.25% |
| 9 | Pennymac Loan Services | C | 5,331 | 2,566 | 11.2% | 6.00% |
| 10 | Mortgage Investors Group | B | 4,454 | 3,148 | 3.5% | 6.50% |
| 11 | Eastman Credit Union | D | 4,436 | 2,854 | 21.5% | 7.25% |
| 12 | First Horizon Bank | B | 4,168 | 2,513 | 29.4% | 7.25% |
| 13 | Truist Bank | C | 4,114 | 2,014 | 37.2% | 6.63% |
| 14 | Navy Federal Credit Union | D | 4,080 | 1,902 | 21.4% | 7.25% |
| 15 | Pinnacle Bank | B | 4,053 | 2,808 | 13.6% | 6.50% |
| 16 | U.S. Bank | D | 3,876 | 1,844 | 35.0% | 7.60% |
| 17 | Newrez | D | 3,780 | 1,361 | 16.8% | 6.25% |
| 18 | Crosscountry Mortgage | B | 3,778 | 2,251 | 4.8% | 6.63% |
| 19 | Bank of America | F | 3,749 | 1,499 | 34.5% | 5.99% |
| 20 | 21st Mortgage | F | 3,743 | 648 | 48.0% | 9.59% |
| 21 | Broker Solutions | D | 3,712 | 1,519 | 8.0% | 6.63% |
| 22 | Guaranteed Rate | B | 3,368 | 1,868 | 4.5% | 6.38% |
| 23 | Movement Mortgage | A | 3,282 | 2,207 | 3.8% | 6.63% |
| 24 | First Community Mortgage | A | 3,154 | 2,461 | 6.0% | 6.38% |
| 25 | Dhi Mortgage Company | B | 3,078 | 2,122 | 9.2% | 5.75% |
Best approval odds in Tennessee
Lowest decision denial rate among lenders that decided at least 300 Tennessee applications in 2025.
| # | Lender | Decided | Decision denial rate | Median rate |
|---|---|---|---|---|
| 1 | Citizens Bank of Lafayette | 615 | 0.5% | 7.50% |
| 2 | Legacy Home Loans | 1,188 | 1.3% | 6.49% |
| 3 | Firsttrust Home Loans | 315 | 1.3% | 6.50% |
| 4 | Highlands Residential Mortgage | 536 | 1.9% | 6.63% |
| 5 | Carroll Bank and Trust | 500 | 2.0% | — |
| 6 | Churchill Mortgage | 714 | 2.4% | 6.63% |
| 7 | Legends Bank | 380 | 2.6% | 6.38% |
| 8 | Coastal Community Bank | 1,919 | 2.8% | 10.49% |
| 9 | Community Mortgage | 854 | 3.0% | 6.38% |
| 10 | Primis Mortgage | 1,043 | 3.2% | 6.49% |
Lowest median rates in Tennessee
Among lenders reporting rates on at least 100 originated loans. Product mix matters: a VA specialist will show a lower median than a jumbo lender.
| # | Lender | Priced loans | Median rate | Denial rate |
|---|---|---|---|---|
| 1 | First South Financial Federally Insured State-Chartered Credit Union | 304 | 1.99% | 23.8% |
| 2 | Trailblazer Mortgage | 151 | 3.99% | 3.4% |
| 3 | Homeamerican Mortgage | 115 | 4.50% | 7.2% |
| 4 | Lennar Mortgage | 640 | 4.88% | 10.1% |
| 5 | Regions Bank | 5,322 | 4.99% | 36.5% |
| 6 | Inspire Home Loans | 243 | 5.25% | 5.1% |
| 7 | Charles Schwab Bank | 101 | 5.50% | 4.6% |
| 8 | CONSUMER Credit Union | 283 | 5.63% | 10.6% |
| 9 | Village Capital & Investment | 349 | 5.75% | 20.2% |
| 10 | Dhi Mortgage Company | 2,105 | 5.75% | 9.2% |
What Tennessee borrowers applied for
By loan purpose
By loan type
Denial rate by applicant income
Why Tennessee applications were denied
Tennessee mortgage market by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan | Lenders |
|---|---|---|---|---|---|---|
| 2023 | 262,349 | 151,829 | 18.8% | 6.88% | $195,000 | 1,300 |
| 2024 | 276,702 | 160,645 | 18.1% | 6.88% | $205,000 | 1,274 |
| 2025 | 303,477 | 176,247 | 17.1% | 6.62% | $225,000 | 1,274 |
Tennessee counties
Counties with at least 200 applications in 2025, most active first.
Davidson County27k
Shelby County26k
Knox County22k
Hamilton County16k
Rutherford County15k
Montgomery County13k
Williamson County13k
Sumner County10k
Wilson County8.0k
Sullivan County6.9k
Blount County6.7k
Sevier County5.7k
Maury County5.6k
Washington County5.4k
Bradley County4.4k
Robertson County3.7k
Madison County3.5k
Anderson County3.4k
Greene County3.0k
Loudon County2.9k
Roane County2.7k
Jefferson County2.6k
Dickson County2.6k
Putnam County2.6k
Hamblen County2.5k
Cumberland County2.3k
McMinn County2.3k
Coffee County2.2k
Tipton County2.2k
Hawkins County2.2k
Monroe County2.0k
Cheatham County2.0k
Fayette County1.9k
Gibson County1.9k
Bedford County1.9k
Carter County1.8k
Marshall County1.7k
Campbell County1.7k
Franklin County1.6k
Warren County1.4k
Lawrence County1.4k
Rhea County1.3k
Lincoln County1.3k
Henry County1.1k
Macon County1.1k
Dyer County1.1k
Claiborne County1.1k
Marion County1.1k
Giles County1.1k
Cocke County1.1k
White County1.1k
Carroll County1.0k
Hickman County937
Henderson County879
Grainger County872
DeKalb County860
Union County851
Obion County846
Weakley County813
McNairy County754
Humphreys County739
Scott County719
Smith County719
Fentress County689
Morgan County673
Stewart County672
Overton County665
Sequatchie County647
Hardin County644
Benton County603
Lauderdale County596
Polk County595
Chester County559
Hardeman County559
Meigs County493
Unicoi County468
Cannon County461
Grundy County435
Johnson County408
Lewis County395
Crockett County387
Bledsoe County373
Jackson County373
Haywood County363
Trousdale County315
Houston County314
Decatur County306
Wayne County258
Van Buren County223
Frequently asked questions
17.1% of mortgage applications in Tennessee were denied in 2025 (21.7% of applications that reached a decision). Nationally the rate was 18.0%.
Rocket Mortgage handled the most applications in Tennessee in 2025: 16,503, with a denial rate of 17.3%.
Among lenders that decided at least 300 applications in Tennessee, Citizens Bank of Lafayette had the lowest decision denial rate at 0.5%.
The median interest rate on loans originated in Tennessee in 2025 was 6.62%. That is the rate borrowers actually received, reported by lenders under HMDA, not an advertised rate.