States › Tennessee
Tennessee mortgage lending
Every HMDA reporter's applications, originations and denial rate for properties in Tennessee, with all 95 counties.
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. Record year 2024.
Tennessee had 276,702 HMDA-reported mortgage applications and 160,645 originations ($48bn) in 2024, from 493 lenders with at least 25 applications in the state.
The statewide denial rate was 22.6% (national 24.3%) and the median rate spread 0.3 percentage points (national 0.3). Originations ran at 56.9 per 1,000 households, against 48.0 nationally.
Originations in the state went from 173,724 in 2018 to 160,645 in 2024; the denial rate moved from 24.3% to 22.6%.
The most active lenders by originations were Rocket Mortgage (9,560), United Wholesale Mortgage (7,495) and Regions Bank (5,247).
Most active lenders in Tennessee
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | 12,858 | 9,560 | $2.3bn | 17.5% | 0.4 |
| 2 | United Wholesale Mortgage | 10,027 | 7,495 | $2.6bn | 12.6% | 0.1 |
| 3 | Regions Bank | 11,336 | 5,247 | $974m | 42.2% | 0.5 |
| 4 | CMG Mortgage Inc | 5,513 | 3,849 | $1.3bn | 3.9% | 0.3 |
| 5 | Mortgage Investors Group | 5,192 | 3,769 | $1.2bn | 5.6% | 0.2 |
| 6 | Firstbank | 5,594 | 3,572 | $1.1bn | 19.5% | 0.3 |
| 7 | Eastman Credit Union | 4,488 | 3,032 | $589m | 20.0% | 0.7 |
| 8 | Mortgage Research Center | 5,215 | 2,834 | $937m | 21.2% | -0.2 |
| 9 | Pinnacle Bank | 4,040 | 2,830 | $822m | 15.7% | 0.2 |
| 10 | Movement Mortgage, LLC | 3,809 | 2,660 | $918m | 3.7% | 0.4 |
| 11 | First Horizon Bank | 3,937 | 2,388 | $768m | 31.1% | 0.1 |
| 12 | First Community Mortgage | 2,949 | 2,366 | $681m | 8.0% | 0.3 |
| 13 | DHI Mortgage Company, LTD. | 2,665 | 1,997 | $596m | 8.1% | -0.6 |
| 14 | Us Bank, N.A. | 3,964 | 1,907 | $566m | 41.8% | 1.0 |
| 15 | Navy Federal Credit Union | 3,962 | 1,832 | $421m | 31.5% | 0.5 |
| 16 | Pennymac Loan Services LLC | 3,777 | 1,789 | $615m | 17.7% | 0.1 |
| 17 | Truist Bank | 4,093 | 1,780 | $377m | 45.9% | 0.5 |
| 18 | Knoxville TVA Employees Credit Union | 2,221 | 1,755 | $207m | 6.4% | 0.4 |
| 19 | Vanderbilt Mortgage and Finance, Inc | 9,837 | 1,721 | $385m | 64.4% | 2.2 |
| 20 | Freedom Mortgage Corporation | 3,681 | 1,690 | $503m | 14.8% | 0.3 |
| 21 | Crosscountry Mortgage, LLC | 2,836 | 1,657 | $584m | 4.8% | 0.5 |
| 22 | Ascend Federal Credit Union | 2,774 | 1,656 | $259m | 24.0% | 0.4 |
| 23 | Loandepot.com, LLC | 2,653 | 1,614 | $511m | 27.4% | 0.1 |
| 24 | Guaranteed Rate, Inc. | 2,455 | 1,561 | $566m | 7.9% | 0.1 |
| 25 | Cadence Bank | 2,203 | 1,560 | $384m | 19.2% | 0.3 |
| 26 | Fairway Independent Mort Corp | 2,150 | 1,560 | $482m | 4.7% | 0.4 |
| 27 | Wilson Bank and Trust | 2,091 | 1,449 | $580m | 13.3% | 0.6 |
| 28 | Bank of America NA | 3,784 | 1,447 | $391m | 47.8% | 1.3 |
| 29 | Ornl Federal Credit Union | 2,185 | 1,378 | $315m | 11.8% | 0.3 |
| 30 | Leaders Credit Union | 2,002 | 1,303 | $214m | 22.3% | 0.2 |
| 31 | Legacy Home Loan LLC DBA Steadfast Mortgage | 1,602 | 1,258 | $577m | 2.8% | 0.1 |
| 32 | Y 12 Federal Credit Union | 1,800 | 1,252 | $180m | 21.0% | 0.2 |
| 33 | Nationstar Mortgage | 1,892 | 1,247 | $243m | 16.3% | 1.1 |
| 34 | New American Funding, LLC. | 3,012 | 1,214 | $328m | 21.1% | 0.6 |
| 35 | JPMorgan Chase Bank, NA | 1,635 | 1,107 | $750m | 9.1% | 0.0 |
| 36 | Figure Lending LLC | 2,300 | 1,085 | $73m | 28.4% | 5.2 |
| 37 | Union Home Mortgage Corp. | 1,335 | 998 | $281m | 5.6% | 0.4 |
| 38 | Renasant Bank | 1,311 | 988 | $282m | 9.9% | 0.3 |
| 39 | Tennessee Valley Federal C U | 1,730 | 964 | $167m | 29.9% | 0.8 |
| 40 | Nvr Mortgage Finance, Inc. | 1,162 | 944 | $321m | 13.3% | -0.2 |
| 41 | Community Mortgage Corporation | 1,121 | 907 | $273m | 3.9% | 0.3 |
| 42 | Discover Bank | 4,697 | 887 | $77m | 71.0% | 2.3 |
| 43 | Newrez LLC | 2,466 | 871 | $278m | 34.9% | 0.3 |
| 44 | Citizens Bank | 974 | 824 | $162m | 5.3% | 0.7 |
| 45 | Farm Credit Mid-America, Aca | 1,069 | 819 | $319m | 9.5% | 0.5 |
| 46 | Fifth Third Bank, National Association | 1,450 | 769 | $236m | 33.0% | 0.7 |
| 47 | American Pacific Mortgage Corporation | 1,080 | 765 | $246m | 9.7% | 0.5 |
| 48 | Simmons Bank | 1,200 | 760 | $163m | 29.4% | 0.5 |
| 49 | Stockton Mortgage Corporation | 1,185 | 752 | $228m | 11.1% | 0.4 |
| 50 | United Community Bank | 1,188 | 730 | $164m | 29.4% | -0.1 |
| 51 | Churchill Mortgage Corporation | 1,169 | 726 | $266m | 3.1% | 0.4 |
| 52 | First Citizens National Bank | 999 | 686 | $182m | 18.0% | 0.2 |
| 53 | SWBC Mortgage Corporation | 912 | 685 | $245m | 6.0% | 0.2 |
| 54 | Mutual of Omaha Mortgage | 1,080 | 682 | $191m | 20.2% | 0.6 |
| 55 | Old National Bank | 1,008 | 680 | $342m | 20.3% | 0.0 |
| 56 | 21st Mortgage | 3,863 | 674 | $87m | 71.5% | 3.5 |
| 57 | Home Federal Bank of Tennessee | 822 | 674 | $189m | 9.5% | -0.3 |
| 58 | Primis Bank | 940 | 670 | $236m | 3.2% | 0.4 |
| 59 | Fortera Federal Credit Union | 1,082 | 654 | $65m | 27.3% | 1.1 |
| 60 | Kiavi Funding, Inc. | 850 | 638 | $118m | 10.8% | — |
Top 60 of 493 lenders with at least 25 applications in the state, by originations. 308 lenders have 100 or more applications here and link to a state-specific page.
Compared with the nation
| Measure | Tennessee | United States |
|---|---|---|
| Denial rate | 22.6% | 24.3% |
| Median rate spread, pp | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 14.7% | 15.6% |
| Average originated loan | $302k | $329k |
| Originations per 1,000 households | 56.9 | 48.0 |
| Home purchase share of originations | 55.5% | 57.0% |
| FHA-insured share | 15.5% | 13.4% |
| VA-guaranteed share | 10.0% | 7.9% |
Trend, 2018–2024
ApplicationsOriginations
TennesseeUnited States
FHA share of originationsVA share
| Year | Applications | Originations | Amount | Denial rate | FHA | VA | Refinance share |
|---|---|---|---|---|---|---|---|
| 2018 | 289,794 | 173,724 | $36bn | 24.3% | 15.3% | 9.1% | 28.2% |
| 2019 | 333,223 | 204,735 | $47bn | 21.1% | 14.9% | 11.2% | 35.2% |
| 2020 | 470,728 | 302,000 | $75bn | 16.4% | 11.0% | 11.9% | 53.6% |
| 2021 | 500,177 | 318,232 | $85bn | 16.2% | 9.8% | 10.5% | 53.0% |
| 2022 | 361,428 | 214,450 | $65bn | 21.2% | 10.3% | 8.1% | 32.5% |
| 2023 | 262,349 | 151,829 | $43bn | 23.5% | 14.5% | 8.1% | 22.8% |
| 2024 | 276,702 | 160,645 | $48bn | 22.6% | 15.5% | 10.0% | 26.9% |
Yearly figures from the HMDA Data Browser aggregations for the state (all reporters).
Loan purpose and loan type, 2024
By purpose
Home purchase 56% (89,189)Home improvement 8% (13,547)Refinancing 12% (19,428)Cash-out refinancing 15% (23,835)Other purpose 9% (14,623)
By type
Conventional 73% (117,801)FHA 15% (24,837)VA 10% (16,088)USDA 1% (1,919)
Counties
| County | Applications | Originations | Per 1,000 households | Denial rate | Median spread | Lenders |
|---|---|---|---|---|---|---|
| Davidson County | 26,401 | 15,497 | 47.7 | 21.9% | 0.3 | 147 |
| Shelby County | 25,736 | 14,217 | 39.2 | 26.5% | 0.3 | 128 |
| Knox County | 20,172 | 12,456 | 61.9 | 19.2% | 0.3 | 107 |
| Rutherford County | 15,221 | 9,278 | 71.7 | 20.7% | 0.3 | 91 |
| Hamilton County | 15,223 | 8,843 | 57.4 | 22.0% | 0.4 | 80 |
| Montgomery County | 12,524 | 7,501 | 85.5 | 20.2% | 0.0 | 75 |
| Williamson County | 11,138 | 7,020 | 76.1 | 17.7% | 0.2 | 82 |
| Sumner County | 9,690 | 5,968 | 75.9 | 18.7% | 0.3 | 76 |
| Wilson County | 7,586 | 4,618 | 78.1 | 18.7% | 0.3 | 70 |
| Sullivan County | 6,411 | 3,803 | 55.2 | 21.8% | 0.5 | 48 |
| Blount County | 6,164 | 3,541 | 63.8 | 22.6% | 0.3 | 47 |
| Maury County | 5,539 | 3,397 | 80.3 | 19.5% | 0.3 | 54 |
| Washington County | 5,108 | 3,090 | 54.4 | 21.1% | 0.4 | 42 |
| Sevier County | 5,520 | 2,873 | 71.2 | 27.3% | 0.5 | 51 |
| Bradley County | 4,442 | 2,517 | 59.1 | 24.3% | 0.4 | 36 |
| Robertson County | 3,655 | 2,230 | 78.9 | 19.5% | 0.3 | 41 |
| Madison County | 3,536 | 2,043 | 50.9 | 24.7% | 0.4 | 30 |
| Anderson County | 3,336 | 1,861 | 56.8 | 23.9% | 0.4 | 28 |
| Loudon County | 2,728 | 1,655 | 68.8 | 19.6% | 0.3 | 22 |
| Dickson County | 2,703 | 1,601 | 73.6 | 21.3% | 0.4 | 32 |
| Putnam County | 2,462 | 1,520 | 45.2 | 19.3% | 0.4 | 24 |
| Roane County | 2,735 | 1,504 | 66.0 | 23.2% | 0.4 | 26 |
| Greene County | 2,922 | 1,474 | 51.9 | 28.4% | 0.5 | 28 |
| Hamblen County | 2,451 | 1,414 | 54.1 | 22.3% | 0.4 | 26 |
| Jefferson County | 2,456 | 1,348 | 61.8 | 25.9% | 0.4 | 24 |
| Coffee County | 2,196 | 1,340 | 58.0 | 20.1% | 0.4 | 21 |
| Tipton County | 2,331 | 1,324 | 58.4 | 24.8% | 0.3 | 20 |
| Cheatham County | 2,098 | 1,264 | 77.6 | 20.8% | 0.3 | 23 |
| Bedford County | 2,032 | 1,230 | 63.1 | 20.0% | 0.4 | 18 |
| Fayette County | 2,043 | 1,213 | 70.5 | 21.5% | 0.2 | 26 |
| Cumberland County | 2,309 | 1,211 | 43.0 | 26.8% | 0.4 | 22 |
| McMinn County | 2,343 | 1,211 | 57.1 | 29.9% | 0.4 | 25 |
| Hawkins County | 2,217 | 1,166 | 49.5 | 27.1% | 0.5 | 20 |
| Gibson County | 1,845 | 1,116 | 54.8 | 23.8% | 0.4 | 18 |
| Franklin County | 1,700 | 1,049 | 60.1 | 17.4% | 0.4 | 19 |
| Carter County | 1,842 | 1,040 | 42.6 | 23.6% | 0.6 | 12 |
| Marshall County | 1,598 | 989 | 72.6 | 16.8% | 0.4 | 14 |
| Monroe County | 2,017 | 984 | 49.9 | 29.4% | 0.5 | 19 |
| Campbell County | 1,700 | 944 | 54.9 | 26.2% | 0.5 | 14 |
| Lawrence County | 1,414 | 839 | 49.4 | 22.5% | 0.4 | 15 |
| Warren County | 1,368 | 813 | 50.2 | 20.7% | 0.4 | 17 |
| Lincoln County | 1,357 | 784 | 52.8 | 21.0% | 0.5 | 13 |
| Rhea County | 1,364 | 723 | 53.7 | 26.6% | 0.5 | 13 |
| Dyer County | 1,218 | 695 | 47.1 | 25.5% | 0.4 | 10 |
| Macon County | 1,080 | 694 | 73.7 | 15.6% | 0.4 | 9 |
| Marion County | 1,165 | 655 | 55.2 | 24.6% | 0.5 | 8 |
| Henry County | 1,212 | 651 | 48.4 | 26.7% | 0.5 | 13 |
| Carroll County | 1,027 | 619 | 53.6 | 23.1% | 0.4 | 10 |
| Giles County | 1,004 | 588 | 48.8 | 22.9% | 0.5 | 9 |
| DeKalb County | 975 | 587 | 67.8 | 19.4% | 0.5 | 10 |
| White County | 1,048 | 583 | 51.9 | 25.9% | 0.4 | 12 |
| Weakley County | 927 | 530 | 39.6 | 26.3% | 0.4 | 11 |
| Smith County | 813 | 519 | 65.4 | 17.1% | 0.5 | 5 |
| Hickman County | 996 | 516 | 54.7 | 29.5% | 0.5 | 8 |
| Grainger County | 992 | 513 | 53.1 | 28.2% | 0.6 | 7 |
| Union County | 970 | 510 | 64.3 | 28.6% | 0.4 | 8 |
| Henderson County | 902 | 508 | 46.5 | 25.2% | 0.6 | 7 |
| Obion County | 898 | 505 | 40.3 | 26.9% | 0.4 | 9 |
| Claiborne County | 1,074 | 490 | 35.7 | 36.2% | 0.5 | 8 |
| Cocke County | 1,080 | 475 | 30.6 | 35.8% | 0.5 | 8 |
| Humphreys County | 779 | 439 | 60.6 | 23.1% | 0.4 | 7 |
| Hardin County | 718 | 433 | 39.4 | 23.3% | 0.5 | 3 |
| McNairy County | 798 | 423 | 42.6 | 26.0% | 0.5 | 7 |
| Stewart County | 713 | 389 | 73.1 | 26.1% | 0.4 | 7 |
| Benton County | 680 | 378 | 53.1 | 27.6% | 0.6 | 8 |
| Overton County | 653 | 374 | 41.2 | 22.5% | 0.5 | 5 |
| Sequatchie County | 724 | 372 | 60.1 | 28.6% | 0.5 | 5 |
| Cannon County | 617 | 367 | 63.5 | 20.1% | 0.4 | 5 |
| Morgan County | 752 | 362 | 50.4 | 33.1% | 0.6 | 6 |
| Fentress County | 681 | 356 | 45.5 | 28.8% | 0.4 | 4 |
| Hardeman County | 671 | 347 | 38.1 | 31.2% | 0.6 | 10 |
| Lauderdale County | 683 | 347 | 37.2 | 30.9% | 0.5 | 8 |
| Polk County | 651 | 326 | 43.9 | 31.4% | 0.6 | 4 |
| Scott County | 621 | 323 | 36.9 | 28.2% | 0.5 | 4 |
| Unicoi County | 580 | 320 | 41.1 | 22.5% | 0.6 | 5 |
| Chester County | 595 | 313 | 48.7 | 25.9% | 0.4 | 6 |
| Meigs County | 606 | 280 | 53.5 | 34.7% | 0.6 | 5 |
| Grundy County | 527 | 279 | 54.1 | 24.6% | 0.7 | 5 |
| Trousdale County | 435 | 277 | 74.9 | 19.4% | 0.4 | 2 |
| Lewis County | 478 | 262 | 48.6 | 25.1% | 0.5 | 4 |
| Jackson County | 488 | 261 | 54.4 | 27.2% | 0.6 | 3 |
| Crockett County | 434 | 250 | 45.4 | 25.1% | 0.5 | 4 |
| Decatur County | 431 | 238 | 52.1 | 26.5% | 0.5 | 3 |
| Johnson County | 438 | 219 | 30.0 | 31.0% | 0.6 | 3 |
| Houston County | 394 | 217 | 64.7 | 28.2% | 0.5 | 3 |
| Bledsoe County | 484 | 214 | 44.1 | 35.7% | 0.7 | 2 |
| Haywood County | 426 | 203 | 28.3 | 32.5% | 0.7 | 4 |
| Van Buren County | 320 | 182 | 70.8 | 22.2% | 0.6 | 1 |
| Wayne County | 333 | 176 | 29.4 | 28.6% | 0.5 | 2 |
| Moore County | 241 | 149 | 54.4 | 23.3% | 0.3 | 1 |
| Clay County | 240 | 133 | 38.2 | 28.1% | 0.6 | 1 |
| Pickett County | 165 | 99 | 45.7 | 18.5% | 0.5 | 0 |
| Perry County | 187 | 87 | 24.1 | 32.6% | 0.7 | 1 |
| Lake County | 153 | 75 | 36.3 | 37.2% | 0.4 | 0 |
| Hancock County | 161 | 67 | 23.7 | 36.8% | 0.7 | 1 |
By originations. Lenders: those with at least 25 applications in the county.
VA-guaranteed loans by month
VA publishes lender volume nationally, not by state; see the Aug 2026 VA lender table and the monthly series. The VA-guaranteed share of Tennessee originations by year is charted above from HMDA.
Questions and answers
Which mortgage lenders are most active in Tennessee?
By 2024 originations: Rocket Mortgage (9,560), United Wholesale Mortgage (7,495), Regions Bank (5,247), CMG Mortgage Inc (3,849), Mortgage Investors Group (3,769). 493 lenders had at least 25 applications in the state.
What is the mortgage denial rate in Tennessee?
22.6% of decided applications were denied in 2024, against 24.3% nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
How has mortgage lending in Tennessee changed since 2018?
Originations went from 173,724 in 2018 to 160,645 in 2024; the denial rate moved from 24.3% to 22.6%.
Where does this data come from?
From the public HMDA loan/application register (FFIEC and CFPB) for 2024, the HMDA Data Browser aggregations for 2018–2024, and Census Bureau household estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 and Data Browser aggregations 2018–2024 (FFIEC and CFPB, public domain); households from the Census Bureau ACS 2024 five-year estimates. Built 30 Sep 2026; data through 1 Aug 2026.