PlainLender

SouthEast Bank

Farragut, TN

SouthEast Bank processed 530 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 364 loans with a 14.5% denial rate. Home Purchase was the primary loan purpose. Based in Farragut, TN. The approval rate of 68.7% 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. SouthEast Bank processed 530 HMDA-reported mortgage applications in 2024, originating 364 loans and denying 77 for a denial rate of 14.5% (applicants themselves withdrew 37 files before a decision). The average loan amount was $320,094 at a 8.253% average note rate, and applicants self-reported an average income of $33,000. The lender reports under LEI 54930089R5VSN6GVCK47 from Farragut, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. SouthEast Bank's 68.7% origination rate tells you how often an application turned into funded money; the 14.5% 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, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (529 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.

530
Applications
364
Originated
14.5%
Denial Rate
$320,094
Avg Loan Amount
Avg Interest Rate: 8.253% Avg Applicant Income: $33,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 529 364 77 $320,198
VA 1 0 0 $265,000

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for SouthEast Bank (LEI: 54930089R5VSN6GVCK47) · 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
44
Credit history
33
Collateral
7
Unverifiable information
3
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 229 145 $485,742
Home Improvement 127 100 $126,260
Other 107 74 $136,495
Refinancing 65 45 $418,077
Cash-out Refinancing 2 0 $300,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 405 69.9% 15.6%
Black or African American 15 80.0% 13.3%
American Indian or Alaska Native 12 50.0% 33.3%
Asian 6 83.3% 16.7%
Joint 6 66.7% 16.7%
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 376 71.3% 15.2%
Hispanic or Latino 83 62.6% 19.3%
Joint 7 57.1% 42.9%

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 SouthEast 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 SouthEast Bank process?
SouthEast Bank processed 530 mortgage applications in the 2023 HMDA reporting year. Of these, 364 were originated (approved and funded), 37 were withdrawn by the applicant, and 77 were denied.
What is SouthEast Bank's mortgage approval rate?
SouthEast Bank has an approval (origination) rate of 68.7%, meaning 68.7% of all applications resulted in a funded mortgage. The denial rate is 14.5%.
What is the average loan amount at SouthEast Bank?
The average mortgage loan amount at SouthEast Bank is $320,094. The average interest rate is 8.253%. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at SouthEast Bank?
The most common reasons for mortgage denial at SouthEast Bank are: Debt-to-income ratio, Credit history, Collateral. In total, 77 applications were denied out of 530 total applications.
What types of mortgage loans does SouthEast Bank offer?
SouthEast Bank processes Conventional, VA loans. The most common type is Conventional with 529 applications and an average loan amount of $320,198.
What loan purposes does SouthEast Bank serve?
SouthEast Bank serves the following loan purposes: Home Purchase (229 applications), Home Improvement (127 applications), Other (107 applications), Refinancing (65 applications), Cash-out Refinancing (2 applications). Home Purchase is the most common purpose.
Where is SouthEast Bank located?
SouthEast Bank is headquartered in Farragut, TN. The lender is identified by LEI 54930089R5VSN6GVCK47 in HMDA data.
How does SouthEast Bank compare in lending across racial demographics?
SouthEast Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 69.9% and denial rate of 15.6%; Black or African American applicants have an approval rate of 80.0% and denial rate of 13.3%; American Indian or Alaska Native applicants have an approval rate of 50.0% and denial rate of 33.3%. 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.