Lenders › New American Funding, LLC. › Tennessee
New American Funding, LLC. in Tennessee
HMDA record for properties in Tennessee, calendar year 2024. National record · Tennessee overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
New American Funding, LLC.'s 2024 HMDA record for Tennessee covers 3,012 applications, 1,214 of them originated, worth $328m.
Its denial rate in the state was 21.1%, close to the Tennessee rate of 22.6% across all lenders and compared with the lender's national rate of 20.9%.
The median rate spread on its Tennessee originations was 0.6 percentage points (state median 0.3).
Applications in the state were up 48% on 2023.
Compared with the state and the lender's national record
| Measure | In Tennessee | Tennessee, all lenders | New American Funding, LLC., all states | United States |
|---|---|---|---|---|
| Denial rate | 21.1% | 22.6% | 20.9% | 24.3% |
| Median rate spread, pp | 0.6 | 0.3 | 0.7 | 0.3 |
| Originations with spread of 1.5 pp or more | 20.3% | 14.7% | 20.0% | 15.6% |
| Average originated loan | $270k | $302k | $282k | $329k |
| Home purchase share | 66.5% | 55.5% | 70.9% | 57.0% |
| FHA-insured share | 33.2% | 15.5% | 30.6% | 13.4% |
| VA-guaranteed share | 12.5% | 10.0% | 8.3% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateTennessee, all lenders
Loan purpose and loan type in Tennessee
By purpose
Home purchase 66% (807)Home improvement 4% (44)Refinancing 6% (75)Cash-out refinancing 20% (246)Other purpose 3% (42)
By type
Conventional 53% (639)FHA 33% (403)VA 13% (152)USDA 2% (20)
Denial reasons as coded
Share of 329 denials in Tennessee by first denial reason coded (outlined bar: all lenders in the state).
Counties in Tennessee
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Montgomery County | 206 | 122 | $35m | 12.9% |
| Shelby County | 333 | 105 | $20m | 25.5% |
| Davidson County | 259 | 94 | $32m | 23.8% |
| Rutherford County | 195 | 90 | $31m | 19.5% |
| Hamilton County | 184 | 83 | $23m | 14.1% |
| Knox County | 143 | 61 | $18m | 15.1% |
| Sumner County | 85 | 38 | $11m | 7.1% |
| Wilson County | 76 | 38 | $12m | 18.4% |
| Williamson County | 92 | 37 | $19m | 19.6% |
| Coffee County | 56 | 30 | $8.5m | 6.3% |
| Franklin County | 48 | 28 | $6.4m | 0.0% |
| Maury County | 70 | 27 | $8.6m | 21.6% |
| Grundy County | 33 | 20 | $4.3m | — |
| Hamblen County | 35 | 19 | $3.8m | — |
| Lewis County | 28 | 17 | $3.1m | — |
| Robertson County | 39 | 15 | $3.9m | — |
| Bradley County | 32 | 14 | $4.4m | — |
| Anderson County | 30 | 14 | $3.5m | — |
| Blount County | 45 | 13 | $2.9m | — |
| Jefferson County | 26 | 13 | $3.2m | — |
| Sullivan County | 39 | 12 | $2.3m | — |
| McMinn County | 30 | 12 | $3.0m | — |
| Washington County | 39 | 11 | $2.4m | — |
| Roane County | 26 | 11 | $3.1m | — |
| Sevier County | 43 | 9 | $3.2m | — |
| Cheatham County | 34 | 9 | $3.1m | — |
| Madison County | 28 | 9 | $1.4m | — |
| Greene County | 28 | 8 | $1.3m | — |
| Tipton County | 27 | 7 | $1.1m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did New American Funding, LLC. originate in Tennessee in 2024?
1,214 loans totalling $328m, from 3,012 applications reported for properties in Tennessee.
What is New American Funding, LLC.'s denial rate in Tennessee?
21.1% of decided applications in Tennessee were denied, against 22.6% for all lenders in the state and 20.9% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Tennessee counties does New American Funding, LLC. lend in most?
By originations: Montgomery County (122), Shelby County (105), Davidson County (94), Rutherford County (90), Hamilton County (83).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Tennessee. Built 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.