PlainLender

Pinnacle Bank

Nashville, TN

Pinnacle Bank processed 7,885 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 5,311 loans with a 16.3% denial rate. Home Purchase was the primary loan purpose. Based in Nashville, TN. The approval rate of 67.4% 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. Pinnacle Bank processed 7,885 HMDA-reported mortgage applications in 2024, originating 5,311 loans and denying 1,284 for a denial rate of 16.3% (applicants themselves withdrew 761 files before a decision). The average loan amount was $303,279 at a 6.722% average note rate, and applicants self-reported an average income of $37,000. The lender reports under LEI 549300CDOC4F7XSRG390 from Nashville, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Pinnacle Bank's 67.4% origination rate tells you how often an application turned into funded money; the 16.3% 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, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (7,393 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.

7,885
Applications
5,311
Originated
16.3%
Denial Rate
$303,279
Avg Loan Amount
Avg Interest Rate: 6.722% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 7,393 4,989 1,221 $300,650
FHA 365 234 57 $305,137
VA 127 88 6 $450,984

Top loan types — Pinnacle Bank

Top loan types — Pinnacle Bank Horizontal bar chart of the top 3 items by value (applications). Top loan types — Pinnacle Bank Top 3 1. Conventional 7,393 2. FHA 365 3. VA 127 Top 5 loan types by application volume at Pinnacle 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 Pinnacle Bank (LEI: 549300CDOC4F7XSRG390) · 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

Debt-to-income ratio
695
Credit history
564
Other
223
Collateral
215
Unverifiable information
104
Insufficient cash
58
Employment history
43
Credit application incomplete
18

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 4,294 3,188 $355,575
Home Improvement 1,443 825 $148,354
Other 1,214 687 $190,568
Refinancing 658 447 $512,249
Cash-out Refinancing 276 164 $297,210

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 4,639 70.8% 13.6%
Black or African American 1,313 61.7% 23.6%
Asian 268 56.7% 19.4%
Joint 101 65.3% 12.9%
American Indian or Alaska Native 79 58.2% 29.1%
Native Hawaiian or Other Pacific Islander 20 45.0% 35.0%
2 or more minority races 17 58.8% 29.4%

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 5,643 67.9% 15.9%
Hispanic or Latino 732 68.3% 17.1%
Joint 108 68.5% 13.9%

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 Pinnacle 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 Pinnacle Bank process?
Pinnacle Bank processed 7,885 mortgage applications in the 2023 HMDA reporting year. Of these, 5,311 were originated (approved and funded), 761 were withdrawn by the applicant, and 1,284 were denied.
What is Pinnacle Bank's mortgage approval rate?
Pinnacle Bank has an approval (origination) rate of 67.4%, meaning 67.4% of all applications resulted in a funded mortgage. The denial rate is 16.3%.
What is the average loan amount at Pinnacle Bank?
The average mortgage loan amount at Pinnacle Bank is $303,279. The average interest rate is 6.722%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at Pinnacle Bank?
The most common reasons for mortgage denial at Pinnacle Bank are: Debt-to-income ratio, Credit history, Other. In total, 1,284 applications were denied out of 7,885 total applications.
What types of mortgage loans does Pinnacle Bank offer?
Pinnacle Bank processes Conventional, FHA, VA loans. The most common type is Conventional with 7,393 applications and an average loan amount of $300,650.
What loan purposes does Pinnacle Bank serve?
Pinnacle Bank serves the following loan purposes: Home Purchase (4,294 applications), Home Improvement (1,443 applications), Other (1,214 applications), Refinancing (658 applications), Cash-out Refinancing (276 applications). Home Purchase is the most common purpose.
Where is Pinnacle Bank located?
Pinnacle Bank is headquartered in Nashville, TN. The lender is identified by LEI 549300CDOC4F7XSRG390 in HMDA data.
How does Pinnacle Bank compare in lending across racial demographics?
Pinnacle Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 70.8% and denial rate of 13.6%; Black or African American applicants have an approval rate of 61.7% and denial rate of 23.6%; Asian applicants have an approval rate of 56.7% and denial rate of 19.4%. 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.