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Knox County, Tennessee · 2025

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

518 lenders acted on 21,986 mortgage applications for properties in Knox County in 2025. 14.5% were denied (Tennessee: 17.1%). Median rate on closed loans 6.50%; median loan $245,000; median property value $405,000.

22kApplications
14.5%Denial ratestate 17.1%
6.50%Median ratestate 6.62%
$245,000Median loan
$405,000Median property value

Largest lenders in Knox County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 1,227948 13.0%6.63%
2 Mortgage Investors Group B 1,187822 2.5%6.50%
3 United Shore Financial Services B 912691 8.1%6.13%
4 Knoxville Tva Employees Credit Union A 880699 4.8%5.99%
5 Regions Bank C 821431 31.4%4.99%
6 Ornl C 817450 13.8%7.50%
7 Home Federal Bank of Tennessee B 671571 5.4%5.99%
8 Vanderbilt Mortgage and Finance F 652123 35.7%8.50%
9 Y-12 Federal Credit Union C 529330 27.8%7.25%
10 First Horizon Bank B 512336 22.5%7.25%
11 Truist Bank C 493288 27.6%6.65%
12 Fairway Independent Mortgage B 475326 4.2%6.63%
13 Pennymac Loan Services C 405193 10.1%6.12%
14 Freedom Mortgage B 369169 7.3%6.25%
15 21st Mortgage F 33339 62.5%10.16%
16 Movement Mortgage A 333219 5.1%6.63%
17 Dhi Mortgage Company B 332229 6.3%6.25%
18 Mortgage Research Center C 326138 17.5%6.25%
19 CMG Mortgage A 317236 2.2%6.63%
20 Newrez D 302130 15.6%6.50%
21 Bank of America F 250112 29.2%5.99%
22 Navy Federal Credit Union D 243128 19.3%6.63%
23 Broker Solutions D 218101 6.9%6.63%
24 First Community Mortgage A 217191 2.3%6.25%
25 Guaranteed Rate B 21596 4.2%6.75%

Best approval odds in Knox County

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

#LenderDecidedDecision denial rate
1Peoples Bank of the South760.0%
2Knoxville Teachers Federal Credit Union1250.8%
3Eustis Mortgage861.2%
4Enrichment541.9%
5First Community Mortgage2112.4%
6CMG Mortgage2622.7%
7Coastal Community Bank1472.7%
8Stockton Mortgage1553.2%
9Mortgage Investors Group8843.4%
10Mountain Commerce Bank553.6%

What Knox County borrowers applied for

By loan purpose

Home purchase 10,318 47% · 9.9% denied
Refinance 3,137 14% · 12.4% denied
Cash-out refinance 4,085 19% · 17.0% denied
Home improvement 2,264 10% · 21.3% denied
Other / HELOC 2,182 10% · 27.9% denied

By loan type

Conventional 17,065 78% · 15.5% denied
FHA 2,998 14% · 12.3% denied
VA 1,862 8% · 9.9% denied
USDA / RHS 61 0% · 4.9% denied

Why applications were denied

Debt-to-income ratio 927 29%
Credit history 925 29%
Collateral 424 13%
Incomplete application 416 13%
Unverifiable information 195 6%
Other 184 6%
Insufficient cash 77 2%
Employment history 31 1%

Knox County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202318,94111,63015.7%6.88%$205,000
202420,17212,45615.6%6.88%$235,000
202521,98613,45914.5%6.50%$245,000

Frequently asked questions

14.5% of applications in Knox County were denied in 2025, against 17.1% statewide in Tennessee.

Rocket Mortgage, with 1,227 applications in 2025 and a denial rate of 13.0%.

The median mortgage application in Knox County in 2025 was for $245,000; the median property value on originated loans was $405,000.