Meigs County, Tennessee · 2025

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

123 lenders acted on 658 mortgage applications for properties in Meigs County in 2025. 25.1% were denied (Tennessee: 17.1%). Median rate on closed loans 6.62%; median loan $175,000; median property value $335,000.

658Applications
25.1%Denial ratestate 17.1%
6.62%Median ratestate 6.62%
$175,000Median loan
$335,000Median property value

Largest lenders in Meigs County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Vanderbilt Mortgage and Finance F 10816 35.2%8.75%
2 21st Mortgage F 384 63.2%10.33%
3 Regions Bank C 3310 39.4%4.99%
4 Rocket Mortgage C 3022 10.0%6.81%
5 Tennessee Valley FCU D 2210 36.4%6.50%
6 First Financial Bank C 209 50.0%7.13%
7 United Shore Financial Services B 1814 5.6%6.06%
8 Pennymac Loan Services C 1511 6.7%6.13%
9 Old National Bank B 1512 6.7%6.06%
10 SouthEast Bank A 1512 13.3%7.50%
11 Mortgage Research Center C 147 7.1%6.38%
12 Truist Bank C 123 41.7%5.69%
13 Ornl C 127 25.0%7.50%
14 Navy Federal Credit Union D 117 18.2%6.00%
15 FirstBank C 101 80.0%7.54%
16 CMG Mortgage A 105 10.0%6.50%
17 Movement Mortgage A 106 0.0%7.88%
18 United Community Bank B 94 55.6%7.18%
19 Mortgage Investors Group B 95 11.1%6.50%
20 New Day Financial F 90 11.1%
21 Newrez D 94 11.1%6.06%
22 Southwest Stage Funding F 95 11.1%6.38%
23 Cardinal Financial Company, Limited Partnership B 84 12.5%5.81%
24 Triad Financial Services D 80 62.5%
25 Farm Credit Mid-America D 77 0.0%6.88%

Best approval odds in Meigs County

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

#LenderDecidedDecision denial rate
1Vanderbilt Mortgage and Finance5766.7%

What Meigs County borrowers applied for

By loan purpose

Home purchase 366 56% · 25.1% denied
Refinance 95 14% · 13.7% denied
Cash-out refinance 101 15% · 15.8% denied
Home improvement 47 7% · 42.6% denied
Other / HELOC 49 7% · 49.0% denied

By loan type

Conventional 483 73% · 30.2% denied
FHA 109 17% · 14.7% denied
VA 61 9% · 1.6% denied
USDA / RHS 5 1% · 40.0% denied

Why applications were denied

Debt-to-income ratio 61 37%
Credit history 47 29%
Unverifiable information 18 11%
Collateral 16 10%
Other 13 8%
Insufficient cash 3 2%
Incomplete application 3 2%
Employment history 2 1%

Meigs County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202353523328.8%7.13%$155,000
202460628027.2%6.99%$175,000
202565828725.1%6.62%$175,000

Frequently asked questions

25.1% of applications in Meigs County were denied in 2025, against 17.1% statewide in Tennessee.

Vanderbilt Mortgage and Finance, with 108 applications in 2025 and a denial rate of 35.2%.

The median mortgage application in Meigs County in 2025 was for $175,000; the median property value on originated loans was $335,000.