Henderson County, Tennessee · 2025

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

114 lenders acted on 1,022 mortgage applications for properties in Henderson County in 2025. 20.0% were denied (Tennessee: 17.1%). Median rate on closed loans 6.88%; median loan $150,000; median property value $245,000.

1.0kApplications
20.0%Denial ratestate 17.1%
6.88%Median ratestate 6.62%
$150,000Median loan
$245,000Median property value

Largest lenders in Henderson County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 FirstBank C 219157 15.1%7.50%
2 Vanderbilt Mortgage and Finance F 829 35.4%9.75%
3 First Community Mortgage A 6651 3.0%6.49%
4 Rocket Mortgage C 4431 22.7%6.50%
5 Leaders Credit Union C 4031 12.5%6.63%
6 Regions Bank C 3924 25.6%5.81%
7 Community Bank C 3929 18.0%
8 21st Mortgage F 2910 24.1%9.01%
9 Mortgage Research Center C 2911 34.5%6.75%
10 United Shore Financial Services B 2817 25.0%6.00%
11 Carroll Bank and Trust A 2221 0.0%
12 Simmons Bank C 2112 33.3%5.12%
13 The Peoples Bank 1916 10.5%
14 Pennymac Loan Services C 1711 17.7%6.00%
15 Freedom Mortgage B 156 6.7%6.25%
16 Broker Solutions D 143 0.0%6.81%
17 Newrez D 131 23.1%6.25%
18 Click n' Close C 1310 7.7%6.63%
19 CB&S Bank C 116 27.3%7.25%
20 Legends Bank B 117 9.1%6.38%
21 First Colony Mortgage A 117 0.0%6.63%
22 Navy Federal Credit Union D 116 36.4%7.06%
23 Triad Financial Services D 100 90.0%
24 Carrington Mortgage Services D 91 55.6%7.63%
25 AmeriSave Mortgage D 82 62.5%6.56%

Best approval odds in Henderson County

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

#LenderDecidedDecision denial rate
1First Community Mortgage643.1%
2FirstBank20316.3%

What Henderson County borrowers applied for

By loan purpose

Home purchase 507 50% · 17.8% denied
Refinance 160 16% · 13.1% denied
Cash-out refinance 181 18% · 29.8% denied
Home improvement 58 6% · 17.2% denied
Other / HELOC 116 11% · 25.0% denied

By loan type

Conventional 704 69% · 21.2% denied
FHA 161 16% · 20.5% denied
VA 109 11% · 18.4% denied
USDA / RHS 48 5% · 4.2% denied

Why applications were denied

Credit history 59 30%
Debt-to-income ratio 47 24%
Collateral 22 11%
Unverifiable information 21 11%
Incomplete application 18 9%
Other 16 8%
Insufficient cash 8 4%
Employment history 3 2%

Henderson County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202382647917.9%7.33%$125,000
202490250820.1%7.00%$135,000
20251,02258020.0%6.88%$150,000

Frequently asked questions

20.0% of applications in Henderson County were denied in 2025, against 17.1% statewide in Tennessee.

FirstBank, with 219 applications in 2025 and a denial rate of 15.1%.

The median mortgage application in Henderson County in 2025 was for $150,000; the median property value on originated loans was $245,000.