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Cornerstone Financial Ceredit Union

Nashville, TN

Cornerstone Financial Ceredit Union processed 158 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 58 loans with a 32.3% denial rate. Cash-out Refinancing was the primary loan purpose. Based in Nashville, TN. The approval rate of 36.7% reflects originated loans as a share of all applications.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Cornerstone Financial Ceredit Union's 36.7% origination rate tells you how often an application turned into funded money; the 32.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Credit application incomplete, which together explain the majority of rejections. Most activity concentrated in Conventional loans (158 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.

158
Applications
58
Originated
32.3%
Denial Rate
$185,000
Avg Loan Amount
Avg Interest Rate: 7.550% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 158 58 51 $185,000

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Cornerstone Financial Ceredit Union (LEI: 549300HTKHBMJL4D9734) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
15
Credit history
13
Credit application incomplete
13
Collateral
10
Other
3
Unverifiable information
3
Insufficient cash
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 90 44 $133,333
Home Purchase 47 11 $302,234
Refinancing 11 3 $214,091
Other 10 0 $67,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 125 36.0% 32.8%
Black or African American * 8 37.5% 25.0%
Asian * 4 0.0% 50.0%
Joint * 2 100.0% 0.0%
American Indian or Alaska Native * 1 0.0% 100.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

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 118 33.0% 33.9%
Hispanic or Latino * 6 66.7% 33.3%
Joint * 6 50.0% 16.7%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

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 Cornerstone Financial Ceredit Union vs 21st Mortgage →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Cornerstone Financial Ceredit Union process?
Cornerstone Financial Ceredit Union processed 158 mortgage applications in the 2024 HMDA reporting year. Of these, 58 were originated (approved and funded), 11 were withdrawn by the applicant, and 51 were denied.
What is Cornerstone Financial Ceredit Union's mortgage approval rate?
Cornerstone Financial Ceredit Union has an approval (origination) rate of 36.7%, meaning 36.7% of all applications resulted in a funded mortgage. The denial rate is 32.3%.
What is the average loan amount at Cornerstone Financial Ceredit Union?
The average mortgage loan amount at Cornerstone Financial Ceredit Union is $185,000. The average interest rate is 7.550%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Cornerstone Financial Ceredit Union?
The most common reasons for mortgage denial at Cornerstone Financial Ceredit Union are: Debt-to-income ratio, Credit history, Credit application incomplete. In total, 51 applications were denied out of 158 total applications.
What types of mortgage loans does Cornerstone Financial Ceredit Union offer?
Cornerstone Financial Ceredit Union processes Conventional loans. The most common type is Conventional with 158 applications and an average loan amount of $185,000.
What loan purposes does Cornerstone Financial Ceredit Union serve?
Cornerstone Financial Ceredit Union serves the following loan purposes: Cash-out Refinancing (90 applications), Home Purchase (47 applications), Refinancing (11 applications), Other (10 applications). Cash-out Refinancing is the most common purpose.
Where is Cornerstone Financial Ceredit Union located?
Cornerstone Financial Ceredit Union is headquartered in Nashville, TN. The lender is identified by LEI 549300HTKHBMJL4D9734 in HMDA data.
How does Cornerstone Financial Ceredit Union compare in lending across racial demographics?
Cornerstone Financial Ceredit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 36.0% and denial rate of 32.8%; Black or African American applicants have an approval rate of 37.5% and denial rate of 25.0%; Asian applicants have an approval rate of 0.0% and denial rate of 50.0%. 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.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.