Largest lenders in Polk County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Vanderbilt Mortgage and Finance | F | 56 | 11 | 32.1% | 9.25% |
| 2 | Rocket Mortgage | C | 47 | 30 | 27.7% | 6.81% |
| 3 | 21st Mortgage | F | 32 | 0 | 21.9% | — |
| 4 | Tennessee Valley FCU | D | 26 | 15 | 30.8% | 6.34% |
| 5 | United Community Bank | B | 25 | 18 | 24.0% | 6.50% |
| 6 | Builtwell Bank | C | 25 | 16 | 32.0% | — |
| 7 | Mortgage Research Center | C | 24 | 13 | 20.8% | 6.50% |
| 8 | CMG Mortgage | A | 20 | 18 | 0.0% | 6.63% |
| 9 | First Citizens National Bank | C | 19 | 16 | 10.5% | 6.94% |
| 10 | United Shore Financial Services | B | 19 | 14 | 5.3% | 6.31% |
| 11 | Regions Bank | C | 17 | 6 | 47.1% | 7.69% |
| 12 | FirstBank | C | 14 | 8 | 28.6% | 7.38% |
| 13 | Peoples Bank of East Tennessee | C | 13 | 11 | 7.7% | — |
| 14 | Union Home Mortgage | B | 13 | 9 | 0.0% | 6.75% |
| 15 | Pennymac Loan Services | C | 11 | 3 | 9.1% | 5.99% |
| 16 | Broker Solutions | D | 11 | 2 | 9.1% | 6.69% |
| 17 | Coastal Community Bank | C | 10 | 2 | 0.0% | 12.74% |
| 18 | Discover Bank | F | 9 | 0 | 44.4% | — |
| 19 | Cadence Bank | B | 9 | 8 | 0.0% | 6.94% |
| 20 | Truist Bank | C | 9 | 3 | 66.7% | 6.99% |
| 21 | Bank of Cleveland | A | 9 | 8 | 0.0% | — |
| 22 | Freedom Mortgage | B | 9 | 4 | 11.1% | 6.31% |
| 23 | First Financial Bank | C | 9 | 4 | 44.4% | 7.13% |
| 24 | Triad Financial Services | D | 9 | 4 | 33.3% | 8.85% |
| 25 | Southwest Stage Funding | F | 9 | 4 | 0.0% | 8.00% |
What Polk County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Polk County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 653 | 310 | 24.5% | 7.02% | $155,000 |
| 2024 | 651 | 326 | 25.4% | 6.99% | $155,000 |
| 2025 | 731 | 376 | 19.6% | 6.75% | $175,000 |
Frequently asked questions
19.6% of applications in Polk County were denied in 2025, against 17.1% statewide in Tennessee.
Vanderbilt Mortgage and Finance, with 56 applications in 2025 and a denial rate of 32.1%.
The median mortgage application in Polk County in 2025 was for $175,000; the median property value on originated loans was $315,000.