PlainLender

Commercial Bank

Harrogate, TN

Commercial Bank processed 288 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 238 loans with a 11.8% denial rate. Home Purchase was the primary loan purpose. Based in Harrogate, TN. The approval rate of 82.6% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. Commercial Bank processed 288 HMDA-reported mortgage applications in 2024, originating 238 loans and denying 34 for a denial rate of 11.8% (applicants themselves withdrew 9 files before a decision). The average loan amount was $250,417 at a 7.029% average note rate, and applicants self-reported an average income of $33,000. The lender reports under LEI 549300XQ8DRJT0OETE90 from Harrogate, TN.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Commercial Bank's 82.6% origination rate tells you how often an application turned into funded money; the 11.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (288 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

288
Applications
238
Originated
11.8%
Denial Rate
$250,417
Avg Loan Amount
Avg Interest Rate: 7.029% Avg Applicant Income: $33,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 288 238 34 $250,417

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Commercial Bank (LEI: 549300XQ8DRJT0OETE90) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
21
Debt-to-income ratio
12
Other
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 180 151 $291,278
Refinancing 80 62 $214,500
Other 21 20 $100,238
Home Improvement 7 5 $60,714

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 266 81.6% 12.4%
Asian 7 85.7% 14.3%
Joint 1 100.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 271 81.9% 12.2%
Joint 2 50.0% 50.0%
Hispanic or Latino 1 100.0% 0.0%

Nearby Lenders in TN

Other HMDA-reporting lenders in TN with similar activity. Compare any two side-by-side.

21ST MORTGAGE

KNOXVILLE, TN

173,573 apps 30,274 originated 44.1% denied

VANDERBILT MORTGAGE AND FINANCE, INC

MARYVILLE, TN

124,520 apps 20,306 originated 42.7% denied

FIRSTBANK

LEXINGTON, TN

21,086 apps 6,413 originated 43.2% denied

FIRST COMMUNITY MORTGAGE

MURFREESBORO, TN

13,521 apps 10,523 originated 6.2% denied

FIRST HORIZON BANK

MEMPHIS, TN

13,326 apps 7,808 originated 21.7% denied
Compare Commercial Bank vs 21ST MORTGAGE →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did Commercial Bank process?
Commercial Bank processed 288 mortgage applications in the 2023 HMDA reporting year. Of these, 238 were originated (approved and funded), 9 were withdrawn by the applicant, and 34 were denied.
What is Commercial Bank's mortgage approval rate?
Commercial Bank has an approval (origination) rate of 82.6%, meaning 82.6% of all applications resulted in a funded mortgage. The denial rate is 11.8%.
What is the average loan amount at Commercial Bank?
The average mortgage loan amount at Commercial Bank is $250,417. The average interest rate is 7.029%. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at Commercial Bank?
The most common reasons for mortgage denial at Commercial Bank are: Credit history, Debt-to-income ratio, Other. In total, 34 applications were denied out of 288 total applications.
What types of mortgage loans does Commercial Bank offer?
Commercial Bank processes Conventional loans. The most common type is Conventional with 288 applications and an average loan amount of $250,417.
What loan purposes does Commercial Bank serve?
Commercial Bank serves the following loan purposes: Home Purchase (180 applications), Refinancing (80 applications), Other (21 applications), Home Improvement (7 applications). Home Purchase is the most common purpose.
Where is Commercial Bank located?
Commercial Bank is headquartered in Harrogate, TN. The lender is identified by LEI 549300XQ8DRJT0OETE90 in HMDA data.
How does Commercial Bank compare in lending across racial demographics?
Commercial Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 81.6% and denial rate of 12.4%; Asian applicants have an approval rate of 85.7% and denial rate of 14.3%; Joint applicants have an approval rate of 100.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.