Fayette County, Tennessee · 2025

Mortgage lenders in Fayette County, TN: denial rates and top lenders (2025)

229 lenders acted on 2,169 mortgage applications for properties in Fayette County in 2025. 17.6% were denied (Tennessee: 17.1%). Median rate on closed loans 6.38%; median loan $255,000; median property value $405,000.

2.2kApplications
17.6%Denial ratestate 17.1%
6.38%Median ratestate 6.62%
$255,000Median loan
$405,000Median property value

Largest lenders in Fayette County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Cadence Bank B 188126 19.7%6.50%
2 Dhi Mortgage Company B 10979 11.9%4.99%
3 Rocket Mortgage C 9968 19.2%6.50%
4 Regions Bank C 8833 50.0%4.99%
5 The Bank of Fayette County B 7055 11.4%
6 Navy Federal Credit Union D 6229 22.6%7.75%
7 Community Mortgage A 6145 0.0%6.38%
8 United Shore Financial Services B 5743 12.3%6.00%
9 Freedom Mortgage B 5324 5.7%6.00%
10 Pennymac Loan Services C 4518 6.7%5.99%
11 Leaders Credit Union C 4533 13.3%6.49%
12 Trustmark National Bank C 4226 19.1%7.50%
13 21st Mortgage F 415 29.3%9.93%
14 Vanderbilt Mortgage and Finance F 416 26.8%9.75%
15 Mortgage Research Center C 4021 17.5%6.13%
16 Pinnacle Bank B 3927 7.7%6.25%
17 Bank of Bartlett B 3523 28.6%5.99%
18 First Citizens National Bank C 3222 18.8%7.00%
19 Bartlett Mortgage B 3227 0.0%6.38%
20 First Horizon Bank B 3014 43.3%7.25%
21 Patriot Bank B 3019 6.7%6.13%
22 Guaranteed Rate B 2920 0.0%6.40%
23 Newrez D 248 12.5%6.25%
24 Bank of America F 236 43.5%5.74%
25 AmeriSave Mortgage D 237 65.2%6.50%

Best approval odds in Fayette County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1The Bank of Fayette County6412.5%
2United Shore Financial Services5313.2%
3Dhi Mortgage Company9314.0%
4Rocket Mortgage9120.9%
5Cadence Bank16622.3%
6Regions Bank8452.4%

What Fayette County borrowers applied for

By loan purpose

Home purchase 1,032 48% · 9.6% denied
Refinance 341 16% · 13.2% denied
Cash-out refinance 322 15% · 24.2% denied
Home improvement 174 8% · 35.1% denied
Other / HELOC 300 14% · 32.7% denied

By loan type

Conventional 1,499 69% · 19.5% denied
FHA 398 18% · 15.6% denied
VA 244 11% · 10.3% denied
USDA / RHS 28 1% · 7.1% denied

Why applications were denied

Credit history 114 31%
Debt-to-income ratio 108 29%
Collateral 66 18%
Incomplete application 35 9%
Other 22 6%
Unverifiable information 17 5%
Insufficient cash 7 2%
Employment history 2 1%

Fayette County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,8021,05717.4%6.88%$225,000
20242,0431,21317.4%6.63%$255,000
20252,1691,26717.6%6.38%$255,000

Frequently asked questions

17.6% of applications in Fayette County were denied in 2025, against 17.1% statewide in Tennessee.

Cadence Bank, with 188 applications in 2025 and a denial rate of 19.7%.

The median mortgage application in Fayette County in 2025 was for $255,000; the median property value on originated loans was $405,000.