Bank3 Mortgage Lending & HMDA Data, 2025
In 2025, Bank3 of Memphis, TN reported 238 mortgage applications totaling $63.3 million, up 122% from 2024. The average application was for $265,756, and applicants reported an average income of $131,642. 73% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Memphis, TN-MS-AR (128), Jackson, TN (10) and Nashville-Davidson--Murfreesboro--Franklin, TN (8) (applications in parentheses).
| Mortgage Company & Address | Bank3 766 S White Station Rd Ste 5 Memphis, TN 38119 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 |
| Total Number of Mortgage Applications | 238 |
| Total Mortgage Loan Application Amount | $63,250,000 |
| Average Mortgage Loan Application Amount | $265,756 |
| Highest Mortgage Loan Application Amount | $3,005,000 |
| Average Applicant Income | $131,642 |
| Highest Applicant Income | $3,499,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank3 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Shelby, Tennessee | 90 | $ 23,900,000 | $ 265,555 | $ 111,000 |
| Obion, Tennessee | 30 | $ 6,190,000 | $ 206,333 | $ 96,000 |
| Weakley, Tennessee | 30 | $ 6,140,000 | $ 204,666 | $ 120,000 |
| Tipton, Tennessee | 24 | $ 5,500,000 | $ 229,166 | $ 100,000 |
| DeSoto, Mississippi | 10 | $ 3,190,000 | $ 319,000 | $ 135,000 |
| Lauderdale, Tennessee | 6 | $ 1,570,000 | $ 261,666 | $ 86,000 |
| Gibson, Tennessee | 4 | $ 830,000 | $ 207,500 | $ 63,000 |
| Madison, Tennessee | 4 | $ 750,000 | $ 187,500 | $ 388,000 |
| Davidson, Tennessee | 3 | $ 1,295,000 | $ 431,666 | $ 105,000 |
| Henry, Tennessee | 3 | $ 635,000 | $ 211,666 | $ 91,000 |
| Dyer, Tennessee | 2 | $ 170,000 | $ 85,000 | $ 67,000 |
| Fayette, Tennessee | 2 | $ 1,160,000 | $ 580,000 | $ 132,000 |
| Hardin, Tennessee | 2 | $ 480,000 | $ 240,000 | $ 217,000 |
| Hickman, Tennessee | 2 | $ 280,000 | $ 140,000 | $ 128,000 |
| Montgomery, Tennessee | 2 | $ 630,000 | $ 315,000 | $ 124,000 |
| Madison, Alabama | 1 | $ 265,000 | $ 265,000 | $ 73,000 |
| Crittenden, Arkansas | 1 | $ 285,000 | $ 285,000 | $ 111,000 |
| Washington, Arkansas | 1 | $ 225,000 | $ 225,000 | $ 50,000 |
| Manatee, Florida | 1 | $ 1,205,000 | $ 1,205,000 | $ 3,499,000 |
| Santa Rosa, Florida | 1 | $ 295,000 | $ 295,000 | $ 73,000 |
| Walton, Florida | 1 | $ 3,005,000 | $ 3,005,000 | $ 0 |
| Hickman, Kentucky | 1 | $ 155,000 | $ 155,000 | $ 52,000 |
| Benton, Mississippi | 1 | $ 205,000 | $ 205,000 | $ 160,000 |
| Mecklenburg, North Carolina | 1 | $ 155,000 | $ 155,000 | $ 80,000 |
| Greenville, South Carolina | 1 | $ 335,000 | $ 335,000 | $ 139,000 |
| Benton, Tennessee | 1 | $ 485,000 | $ 485,000 | $ 695,000 |
| Cannon, Tennessee | 1 | $ 275,000 | $ 275,000 | $ 127,000 |
| Carroll, Tennessee | 1 | $ 365,000 | $ 365,000 | $ 235,000 |
| Chester, Tennessee | 1 | $ 325,000 | $ 325,000 | $ 137,000 |
| Crockett, Tennessee | 1 | $ 125,000 | $ 125,000 | $ 79,000 |
| Hamilton, Tennessee | 1 | $ 275,000 | $ 275,000 | $ 225,000 |
| Hardeman, Tennessee | 1 | $ 255,000 | $ 255,000 | $ 102,000 |
| Henderson, Tennessee | 1 | $ 145,000 | $ 145,000 | $ 100,000 |
| Knox, Tennessee | 1 | $ 355,000 | $ 355,000 | $ 230,000 |
| Lake, Tennessee | 1 | $ 165,000 | $ 165,000 | $ 49,000 |
| Lincoln, Tennessee | 1 | $ 245,000 | $ 245,000 | $ 77,000 |
| Maury, Tennessee | 1 | $ 235,000 | $ 235,000 | $ 58,000 |
| Rutherford, Tennessee | 1 | $ 345,000 | $ 345,000 | $ 140,000 |
| Utah, Utah | 1 | $ 805,000 | $ 805,000 | $ 286,000 |
Mortgage Loan Application Detail Totals for Bank3 in 2025
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 206 | $54,930,000 | $266,000 | $3,005,000 | $108,000 | $501,000 |
| Refinancing | 23 | $6,445,000 | $280,000 | $1,205,000 | $331,000 | $3,499,000 |
| Cash-out Refinancing | 5 | $1,305,000 | $261,000 | $485,000 | $210,000 | $695,000 |
| Other Purpose | 4 | $570,000 | $142,000 | $235,000 | $105,000 | $148,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 168 | $44,990,000 | $267,000 | $1,205,000 | $152,000 | $3,499,000 |
| Black or African American | 54 | $11,380,000 | $210,000 | $505,000 | $68,000 | $175,000 |
| Hispanic | 5 | $1,385,000 | $277,000 | $405,000 | $97,000 | $170,000 |
| Asian | 5 | $1,225,000 | $245,000 | $345,000 | $150,000 | $304,000 |
| Not applicable | 5 | $4,005,000 | $801,000 | $3,005,000 | $0 | $0 |
| Not Provided | 1 | $265,000 | $265,000 | $265,000 | $93,000 | $93,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 166 | $47,700,000 | $287,000 | $3,005,000 | $153,000 | $3,499,000 |
| FHA-insured (Federal Housing Administration) | 31 | $6,515,000 | $210,000 | $395,000 | $83,000 | $155,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 31 | $6,225,000 | $200,000 | $285,000 | $73,000 | $130,000 |
| VA-guaranteed (Veterans Administration) | 10 | $2,810,000 | $281,000 | $405,000 | $110,000 | $159,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 173 | $46,535,000 | $268,000 | $3,005,000 | $144,000 | $3,499,000 |
| Preapproval Approved but not Accepted | 20 | $4,620,000 | $231,000 | $405,000 | $75,000 | $170,000 |
| Application Withdrawn By Applicant | 19 | $5,825,000 | $306,000 | $705,000 | $157,000 | $695,000 |
| Preapproval Denied by Financial Institution | 18 | $4,140,000 | $230,000 | $505,000 | $64,000 | $175,000 |
| Application Denied By Financial Institution | 7 | $1,665,000 | $237,000 | $325,000 | $80,000 | $130,000 |
| Application Approved But Not Accepted | 1 | $465,000 | $465,000 | $465,000 | $105,000 | $105,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 238 | $63,250,000 | $265,000 | $3,005,000 | $131,000 | $3,499,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank3's 2025 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Bank3's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
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