Tennessee Mortgage Lending
1,142 lenders reporting under HMDA
Statewide mortgage activity. Lenders filed 310,047 HMDA-reported mortgage applications in Tennessee in 2024, originating 159,911 loans and denying 50,019. That puts the statewide denial rate at 16.1% and the approval (origination) rate at 51.6%. The average loan amount across Tennessee was $281,070 at an average note rate of 7.13%. 1,142 distinct institutions — banks, credit unions, and independent mortgage companies — filed HMDA data covering activity in the state. Applications span 95 counties and 11 metropolitan areas.
What drives state-level differences. State mortgage denial rates reflect applicant mix more than lender stance. Credit profiles, loan-to-value ratios, debt-to-income, property type, and rural-versus-urban composition all move the number before any lender policy does. Demographic lending data reported under HMDA shows variation across applicant groups — for example, White applicants had an approval rate of 59.8% and denial rate of 16.3%; while Black or African American applicants had an approval rate of 46.2% and denial rate of 27.1%. These are derived race categories as reported by applicants and do not by themselves prove causation; credit score, income, and loan-to-value are not reported in HMDA and drive much of the underlying variation. Top counties by volume include Davidson County, Shelby County, Knox County.
How to read this page. These are aggregate 2024 HMDA disclosures published by the Consumer Financial Protection Bureau — a federal transparency dataset, not a real-time market feed. A state-level number is useful for context but cannot tell you what rate, fees, or underwriting any individual lender will offer a specific borrower. This page is informational data reporting, not financial, legal, or mortgage advice. Shop at least three lenders, compare Loan Estimates line-by-line, and consult a licensed mortgage professional before applying. Data reflects the CFPB HMDA 2024 Snapshot National Loan-Level Dataset; demographic fields reflect derived categories as reported by applicants.
Nearby Lenders in Tennessee
Top HMDA-reporting lenders active in Tennessee. Compare any two side-by-side for rates, denial rates, and loan mix.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | ROCKET MORTGAGE | 9,560 | 6.0% |
| 2 | United Wholesale Mortgage | 7,495 | 4.7% |
| 3 | REGIONS BANK | 5,247 | 3.3% |
| 4 | CMG MORTGAGE INC | 3,849 | 2.4% |
| 5 | MORTGAGE INVESTORS GROUP | 3,769 | 2.4% |
Lending by Race in Tennessee
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 195,712 | 59.8% | 16.3% |
| Black or African American | 25,231 | 46.2% | 27.1% |
| Asian | 7,751 | 56.2% | 15.7% |
| Joint | 4,791 | 59.8% | 15.3% |
| American Indian or Alaska Native | 1,313 | 45.2% | 27.9% |
| 2 or more minority races | 469 | 42.6% | 30.9% |
| Native Hawaiian or Other Pacific Islander | 364 | 47.0% | 30.8% |
Counties in Tennessee
| County | Applications | Originated | Denial Rate | Avg Loan |
|---|---|---|---|---|
| Davidson County | 29,781 | 15,467 | 15.6% | $405,422 |
| Shelby County | 28,859 | 13,963 | 18.8% | $228,570 |
| Knox County | 22,378 | 12,446 | 14.0% | $303,070 |
| Rutherford County | 17,434 | 9,252 | 14.8% | $310,693 |
| Hamilton County | 16,930 | 8,843 | 15.6% | $273,064 |
| Montgomery County | 14,420 | 7,495 | 14.1% | $275,998 |
| Williamson County | 12,570 | 7,011 | 12.7% | $549,745 |
| Sumner County | 11,214 | 5,934 | 13.2% | $323,093 |
| Wilson County | 8,677 | 4,592 | 13.0% | $354,933 |
| Sullivan County | 6,941 | 3,798 | 16.1% | $199,957 |
| Blount County | 6,794 | 3,538 | 16.3% | $253,923 |
| Maury County | 6,395 | 3,398 | 13.7% | $305,893 |
| Sevier County | 5,941 | 2,870 | 19.4% | $374,726 |
| Washington County | 5,527 | 3,088 | 15.8% | $260,889 |
| Bradley County | 5,014 | 2,516 | 17.3% | $230,882 |
| Robertson County | 4,259 | 2,230 | 13.7% | $273,274 |
| Madison County | 4,001 | 2,042 | 17.7% | $194,985 |
| Anderson County | 3,661 | 1,859 | 17.4% | $229,433 |
| Greene County | 3,152 | 1,473 | 20.1% | $193,839 |
| Loudon County | 3,030 | 1,655 | 14.3% | $300,871 |
| Dickson County | 2,997 | 1,598 | 15.4% | $272,020 |
| Roane County | 2,952 | 1,502 | 16.6% | $230,149 |
| Tipton County | 2,750 | 1,321 | 17.1% | $214,476 |
| Jefferson County | 2,680 | 1,348 | 18.6% | $232,407 |
| Hamblen County | 2,668 | 1,414 | 16.3% | $212,305 |
| Putnam County | 2,653 | 1,441 | 14.6% | $230,058 |
| McMinn County | 2,565 | 1,211 | 21.8% | $188,973 |
| Cumberland County | 2,544 | 1,207 | 18.8% | $204,831 |
| Coffee County | 2,500 | 1,324 | 14.1% | $230,068 |
| Hawkins County | 2,381 | 1,166 | 19.5% | $181,149 |
| Fayette County | 2,356 | 1,213 | 15.1% | $272,364 |
| Bedford County | 2,320 | 1,224 | 14.1% | $257,991 |
| Cheatham County | 2,317 | 1,262 | 15.4% | $271,413 |
| Monroe County | 2,174 | 983 | 20.8% | $210,225 |
| Gibson County | 2,076 | 1,117 | 17.6% | $164,355 |
| Carter County | 1,981 | 1,039 | 17.5% | $188,145 |
| Franklin County | 1,957 | 1,040 | 11.8% | $255,787 |
| Campbell County | 1,839 | 944 | 19.9% | $198,105 |
| Marshall County | 1,822 | 987 | 11.8% | $245,011 |
| Warren County | 1,599 | 813 | 14.1% | $204,962 |
| Lawrence County | 1,575 | 838 | 16.4% | $197,216 |
| Lincoln County | 1,513 | 784 | 14.9% | $201,960 |
| Rhea County | 1,493 | 723 | 18.9% | $207,465 |
| Dyer County | 1,360 | 699 | 18.8% | $148,743 |
| Marion County | 1,304 | 653 | 17.5% | $235,422 |
| Henry County | 1,290 | 651 | 19.7% | $161,969 |
| Cocke County | 1,162 | 475 | 24.7% | $186,136 |
| Claiborne County | 1,153 | 490 | 26.4% | $186,379 |
| White County | 1,151 | 579 | 18.7% | $194,531 |
| Giles County | 1,142 | 586 | 16.6% | $215,508 |
| Macon County | 1,126 | 650 | 11.0% | $214,130 |
| Carroll County | 1,107 | 619 | 17.5% | $144,160 |
| Hickman County | 1,083 | 514 | 21.5% | $219,303 |
| Grainger County | 1,074 | 511 | 20.6% | $208,883 |
| DeKalb County | 1,063 | 568 | 13.9% | $247,183 |
| Union County | 1,052 | 509 | 21.1% | $230,656 |
| Weakley County | 1,042 | 528 | 18.9% | $174,779 |
| Obion County | 1,011 | 507 | 19.5% | $135,841 |
| Henderson County | 972 | 505 | 18.6% | $158,940 |
| Smith County | 898 | 506 | 12.3% | $241,459 |
| McNairy County | 884 | 422 | 18.1% | $153,925 |
| Humphreys County | 850 | 438 | 16.4% | $197,882 |
| Sequatchie County | 817 | 372 | 19.6% | $234,963 |
| Hardin County | 814 | 433 | 16.9% | $199,226 |
| Morgan County | 799 | 361 | 24.4% | $181,345 |
| Stewart County | 767 | 389 | 19.3% | $210,932 |
| Fentress County | 762 | 355 | 20.3% | $204,711 |
| Hardeman County | 759 | 347 | 22.3% | $155,659 |
| Lauderdale County | 740 | 347 | 22.7% | $129,419 |
| Benton County | 739 | 378 | 20.3% | $161,306 |
| Polk County | 734 | 326 | 22.5% | $197,044 |
| Cannon County | 696 | 363 | 13.9% | $219,109 |
| Overton County | 684 | 335 | 16.8% | $203,173 |
| Scott County | 666 | 323 | 21.0% | $160,676 |
| Chester County | 651 | 313 | 18.4% | $165,323 |
| Meigs County | 648 | 280 | 25.5% | $228,272 |
| Unicoi County | 612 | 320 | 16.7% | $187,582 |
| Grundy County | 577 | 278 | 17.9% | $172,192 |
| Lewis County | 542 | 262 | 17.5% | $203,487 |
| Bledsoe County | 525 | 214 | 25.1% | $188,943 |
| Trousdale County | 484 | 273 | 15.1% | $272,769 |
| Jackson County | 484 | 236 | 20.4% | $167,810 |
| Crockett County | 480 | 250 | 18.5% | $162,750 |
| Decatur County | 471 | 238 | 19.3% | $158,036 |
| Johnson County | 469 | 219 | 22.4% | $190,011 |
| Haywood County | 469 | 203 | 22.6% | $159,989 |
| Houston County | 419 | 217 | 21.2% | $172,947 |
| Wayne County | 364 | 175 | 20.3% | $169,093 |
| Van Buren County | 349 | 180 | 16.1% | $220,272 |
| Moore County | 263 | 147 | 18.3% | $281,882 |
| Clay County | 232 | 112 | 24.1% | $187,026 |
| Perry County | 197 | 86 | 23.4% | $209,518 |
| Pickett County | 184 | 98 | 13.6% | $208,098 |
| Hancock County | 168 | 67 | 25.0% | $176,429 |
| Lake County | 166 | 75 | 28.9% | $97,711 |
Metro Areas in Tennessee
Frequently Asked Questions
How many mortgage applications were filed in Tennessee?
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What is the average mortgage loan amount in Tennessee?
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Mortgage Lending Guides
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. State geography per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Demographic data reflects derived categories as reported by applicants. Provided for informational purposes only.
Read our methodology — how this data is sourced, computed, and verified.
