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PATRIOT BANK

MILLINGTON, TN

PATRIOT BANK processed 835 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 612 loans with a 14.3% denial rate. Home Purchase was the primary loan purpose. Based in MILLINGTON, TN. The approval rate of 73.3% 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. PATRIOT BANK processed 835 HMDA-reported mortgage applications in 2024, originating 612 loans and denying 119 for a denial rate of 14.3% (applicants themselves withdrew 102 files before a decision). The average loan amount was $208,725 at a 5.444% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 549300KM0M1BH7LBWW77 from MILLINGTON, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. PATRIOT BANK's 73.3% origination rate tells you how often an application turned into funded money; the 14.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Debt-to-income ratio, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (599 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.

835
Applications
612
Originated
14.3%
Denial Rate
$208,725
Avg Loan Amount
Avg Interest Rate: 5.444% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 599 423 112 $184,482
FHA 163 128 5 $252,362
VA 45 37 2 $369,444
USDA 28 24 0 $215,000

Top loan types — PATRIOT BANK

Top loan types — PATRIOT BANK Horizontal bar chart of the top 4 items by value (applications). Top loan types — PATRIOT BANK Top 4 1. Conventional 599 2. FHA 163 3. VA 45 4. USDA 28 Top 5 loan types by application volume at PATRIOT BANK (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for PATRIOT BANK (LEI: 549300KM0M1BH7LBWW77) · 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

Other
74
Debt-to-income ratio
54
Credit history
51
Collateral
8
Unverifiable information
4
Employment history
2
Credit application incomplete
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 554 464 $283,646
Home Improvement 227 110 $6,410
Refinancing 28 21 $238,571
Cash-out Refinancing 25 16 $355,400
Other 1 1 $125,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 410 85.1% 1.7%
Black or African American 304 54.9% 35.9%
Asian 25 84.0% 0.0%
Joint 13 92.3% 0.0%
American Indian or Alaska Native 4 75.0% 0.0%
2 or more minority races 1 100.0% 0.0%
Native Hawaiian or Other Pacific Islander 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 715 72.7% 15.9%
Hispanic or Latino 24 87.5% 0.0%
Joint 10 70.0% 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 PATRIOT 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 PATRIOT BANK process?
PATRIOT BANK processed 835 mortgage applications in the 2023 HMDA reporting year. Of these, 612 were originated (approved and funded), 102 were withdrawn by the applicant, and 119 were denied.
What is PATRIOT BANK's mortgage approval rate?
PATRIOT BANK has an approval (origination) rate of 73.3%, meaning 73.3% of all applications resulted in a funded mortgage. The denial rate is 14.3%.
What is the average loan amount at PATRIOT BANK?
The average mortgage loan amount at PATRIOT BANK is $208,725. The average interest rate is 5.444%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at PATRIOT BANK?
The most common reasons for mortgage denial at PATRIOT BANK are: Other, Debt-to-income ratio, Credit history. In total, 119 applications were denied out of 835 total applications.
What types of mortgage loans does PATRIOT BANK offer?
PATRIOT BANK processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 599 applications and an average loan amount of $184,482.
What loan purposes does PATRIOT BANK serve?
PATRIOT BANK serves the following loan purposes: Home Purchase (554 applications), Home Improvement (227 applications), Refinancing (28 applications), Cash-out Refinancing (25 applications), Other (1 applications). Home Purchase is the most common purpose.
Where is PATRIOT BANK located?
PATRIOT BANK is headquartered in MILLINGTON, TN. The lender is identified by LEI 549300KM0M1BH7LBWW77 in HMDA data.
How does PATRIOT BANK compare in lending across racial demographics?
PATRIOT BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 85.1% and denial rate of 1.7%; Black or African American applicants have an approval rate of 54.9% and denial rate of 35.9%; Asian applicants have an approval rate of 84.0% 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.