Rhea County, Tennessee · 2025

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

193 lenders acted on 1,587 mortgage applications for properties in Rhea County in 2025. 22.9% were denied (Tennessee: 17.1%). Median rate on closed loans 6.74%; median loan $185,000; median property value $315,000.

1.6kApplications
22.9%Denial ratestate 17.1%
6.74%Median ratestate 6.62%
$185,000Median loan
$315,000Median property value

Largest lenders in Rhea County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Vanderbilt Mortgage and Finance F 14320 42.0%9.87%
2 United Shore Financial Services B 9560 17.9%6.00%
3 Rocket Mortgage C 8965 16.9%6.99%
4 First Financial Bank C 8243 34.2%6.75%
5 Tennessee Valley FCU D 7741 29.9%6.88%
6 SouthEast Bank A 6650 16.7%7.50%
7 Regions Bank C 5623 37.5%6.13%
8 Dhi Mortgage Company B 5032 18.0%5.44%
9 FirstBank C 4918 30.6%7.50%
10 First Community Mortgage A 3623 19.4%6.63%
11 Freedom Mortgage B 3510 8.6%6.31%
12 Mortgage Research Center C 3315 30.3%6.25%
13 Pennymac Loan Services C 3216 15.6%5.63%
14 First Farmers & Commercial Bank 2826 7.1%
15 Broker Solutions D 285 10.7%7.38%
16 21st Mortgage F 201 40.0%11.57%
17 Crosscountry Mortgage B 1913 0.0%6.69%
18 AmeriSave Mortgage D 182 77.8%6.75%
19 Citizens Tri-County Bank C 1811 22.2%7.20%
20 Union Home Mortgage B 1815 0.0%6.63%
21 Spring Eq D 184 61.1%9.99%
22 Mortgage Investors Group B 168 18.8%6.87%
23 Kind Lending C 166 50.0%7.00%
24 Newrez D 164 37.5%6.38%
25 Navy Federal Credit Union D 1611 18.8%7.75%

Best approval odds in Rhea County

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

#LenderDecidedDecision denial rate
1SouthEast Bank6516.9%
2Rocket Mortgage8417.9%
3United Shore Financial Services7821.8%
4Tennessee Valley FCU6734.3%
5First Financial Bank7537.3%
6Regions Bank5042.0%
7Vanderbilt Mortgage and Finance8570.6%

What Rhea County borrowers applied for

By loan purpose

Home purchase 729 46% · 19.9% denied
Refinance 256 16% · 14.1% denied
Cash-out refinance 308 19% · 27.3% denied
Home improvement 140 9% · 30.7% denied
Other / HELOC 154 10% · 35.7% denied

By loan type

Conventional 1,104 70% · 24.3% denied
FHA 299 19% · 22.1% denied
VA 161 10% · 17.4% denied
USDA / RHS 23 1% · 4.4% denied

Why applications were denied

Credit history 111 31%
Debt-to-income ratio 88 24%
Unverifiable information 48 13%
Collateral 48 13%
Incomplete application 34 9%
Other 21 6%
Insufficient cash 6 2%
Employment history 2 1%
Mortgage insurance denied 2 1%

Rhea County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,11557123.1%7.00%$175,000
20241,36472320.7%6.88%$175,000
20251,58780122.9%6.74%$185,000

Frequently asked questions

22.9% of applications in Rhea County were denied in 2025, against 17.1% statewide in Tennessee.

Vanderbilt Mortgage and Finance, with 143 applications in 2025 and a denial rate of 42.0%.

The median mortgage application in Rhea County in 2025 was for $185,000; the median property value on originated loans was $315,000.