Largest lenders in Madison County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Leaders Credit Union | C | 662 | 458 | 12.8% | 6.50% |
| 2 | Regions Bank | C | 274 | 124 | 42.0% | 4.99% |
| 3 | Rocket Mortgage | C | 200 | 137 | 16.5% | 6.63% |
| 4 | Cadence Bank | B | 196 | 128 | 23.0% | 7.49% |
| 5 | FirstBank | C | 129 | 97 | 12.4% | 6.93% |
| 6 | United Shore Financial Services | B | 116 | 65 | 17.2% | 6.00% |
| 7 | First Community Mortgage | A | 97 | 72 | 7.2% | 6.25% |
| 8 | Vanderbilt Mortgage and Finance | F | 94 | 7 | 44.7% | 9.50% |
| 9 | Simmons Bank | C | 90 | 61 | 22.2% | 6.25% |
| 10 | Commercial Bank & Trust | B | 87 | 72 | 3.5% | — |
| 11 | Mortgage Investors Group | B | 80 | 70 | 2.5% | 6.49% |
| 12 | Mortgage Research Center | C | 77 | 38 | 24.7% | 6.38% |
| 13 | Pennymac Loan Services | C | 67 | 30 | 13.4% | 6.06% |
| 14 | 21st Mortgage | F | 62 | 3 | 48.4% | 9.25% |
| 15 | Centennial Bank | B | 60 | 50 | 1.7% | — |
| 16 | Freedom Mortgage | B | 60 | 20 | 5.0% | 6.13% |
| 17 | Community Bank | C | 52 | 50 | 0.0% | — |
| 18 | Newrez | D | 51 | 16 | 17.7% | 6.25% |
| 19 | AmeriSave Mortgage | D | 47 | 12 | 59.6% | 6.50% |
| 20 | New Day Financial | F | 43 | 10 | 30.2% | 6.99% |
| 21 | First Horizon Bank | B | 42 | 18 | 31.0% | 7.25% |
| 22 | Navy Federal Credit Union | D | 39 | 21 | 15.4% | 6.25% |
| 23 | Decatur County Bank | – | 35 | 26 | 14.3% | — |
| 24 | Dhi Mortgage Company | B | 34 | 27 | 2.9% | 4.99% |
| 25 | Broker Solutions | D | 33 | 8 | 18.2% | 7.25% |
Best approval odds in Madison County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Community Bank | 51 | 0.0% |
| 2 | Centennial Bank | 53 | 1.9% |
| 3 | Mortgage Investors Group | 74 | 2.7% |
| 4 | Commercial Bank & Trust | 78 | 3.9% |
| 5 | First Community Mortgage | 90 | 7.8% |
| 6 | FirstBank | 120 | 13.3% |
| 7 | Leaders Credit Union | 545 | 15.6% |
| 8 | Rocket Mortgage | 180 | 18.3% |
| 9 | United Shore Financial Services | 86 | 23.3% |
| 10 | Simmons Bank | 82 | 24.4% |
What Madison County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Madison County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 3,317 | 1,900 | 20.6% | 7.03% | $135,000 |
| 2024 | 3,536 | 2,043 | 20.1% | 6.99% | $155,000 |
| 2025 | 3,766 | 2,167 | 19.0% | 6.62% | $165,000 |
Frequently asked questions
19.0% of applications in Madison County were denied in 2025, against 17.1% statewide in Tennessee.
Leaders Credit Union, with 662 applications in 2025 and a denial rate of 12.8%.
The median mortgage application in Madison County in 2025 was for $165,000; the median property value on originated loans was $285,000.