MARKET BENCHMARKS · HMDA PUBLIC DATA

Tennessee mortgage market benchmarks

Tennessee origination trends 2018–2025 from HMDA public data: volume, denial rates, and purchase vs refinance mix. Free and open — no account required.

Originations 2025

176,247

+10.2% vs 2024

Volume 2025

$56.77B

originated $

Denial rate 2025

17.1%

denied / actioned

Reporting lenders 2025

1,292

HMDA reporters

Origination volume by year

Dollar volume of originated loans

$ VOLUME · HOVER FOR UNITS

Loan purpose mix

Share of 2025 originations

Purchase52%Refinance47%Other purposes1%

Denial rate by year

Denials / actioned applications (CFPB convention)

Tennessee market by year

YEARLENDERSAPPLICATIONSORIGINATIONSVOLUMEDENIALPURCHASEREFI

20251,292305,852176,247$56.77B17.1%51.9%47.4%

20241,282277,369159,911$48.31B18.1%55.5%41.8%

20231,324263,318151,698$43.10B18.6%57.9%36.6%

20221,318361,606213,658$64.94B16.6%50.4%53.1%

20211,319498,062315,726$84.48B12.8%40.0%73.7%

20201,265470,223301,469$75.26B13.1%40.2%68.3%

20191,248333,718204,623$46.85B17.2%53.9%50.8%

20181,182290,502173,561$36.16B20.2%59.0%43.5%

Attribution & methodology. Benchmarks are computed by MortRadar from Home Mortgage Disclosure Act (HMDA) public data files published by the Consumer Financial Protection Bureau (CFPB) and the Federal Financial Institutions Examination Council (FFIEC), covering activity years 2018–2025. Originations = loans originated (action taken 1); denial rate = denials / actioned applications (CFPB Data Browser convention); loan amounts are the public files' midpoint-rounded values. MortRadar's aggregations are derived works and are not published, reviewed, or endorsed by the CFPB, FFIEC, or any government agency. See data attribution and the disclaimer.

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