Tennessee
Mortgage Loan Application
Totals and Details
in 2017

Find mortgage statistics for Tennessee.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2017 in all of Tennessee.
You can organize this information by metropolitan area and by county.

Years 2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 326,416
Total Mortgage Loan Application Amount $60,971,920,000
Average Mortgage Loan Application Amount $186,000
Highest Mortgage Loan Application Amount $123,000,000
Average Applicant Income $77,000
Highest Applicant Income $25,000,000

We provide overall totals and averages for each year, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or lending statistics in Tennessee, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists are also able to be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for Tennessee in 2017

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 184,326 $37,723,423,000 $204,000 $88,320,000 $77,000 $15,000,000
Refinancing 118,473 $21,312,446,000 $179,000 $123,000,000 $75,000 $25,000,000
Home Improvement 23,617 $1,936,051,000 $81,000 $42,133,000 $90,000 $19,159,000

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 216,208 $38,444,995,000 $177,000 $70,000,000 $90,000 $25,000,000
Not applicable 40,883 $10,825,518,000 $264,000 $123,000,000 $8,000 $3,079,000
Black or African American 26,736 $3,882,428,000 $145,000 $2,392,000 $64,000 $15,000,000
Not Provided 26,446 $4,893,134,000 $185,000 $9,317,000 $92,000 $20,000,000
Hispanic 8,534 $1,347,958,000 $157,000 $2,732,000 $67,000 $1,687,000
Asian 5,519 $1,247,973,000 $226,000 $3,000,000 $109,000 $5,123,000
American Indian or Alaskan Native 1,488 $223,071,000 $149,000 $1,344,000 $71,000 $3,012,000
Native Hawaiin or Other Pacific Islander 602 $106,843,000 $177,000 $1,052,000 $84,000 $1,440,000

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) 205,066 $39,785,129,000 $194,000 $123,000,000 $95,000 $25,000,000
FHA-insured (Federal Housing Administration) 68,598 $11,318,413,000 $164,000 $42,133,000 $48,000 $19,159,000
VA-guaranteed (Veterans Administration) 38,544 $7,947,484,000 $206,000 $1,532,000 $55,000 $7,500,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 14,208 $1,920,894,000 $135,000 $1,870,000 $30,000 $1,043,000

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 164,577 $32,898,461,000 $199,000 $88,320,000 $91,000 $18,636,000
Loan Purchased By The Institution 52,649 $10,389,897,000 $197,000 $3,000,000 $33,000 $2,067,000
Application Denied By Financial Institution 48,404 $6,436,953,000 $132,000 $70,000,000 $66,000 $20,000,000
Application Withdrawn By Applicant 35,821 $7,109,245,000 $198,000 $123,000,000 $99,000 $25,000,000
File Closed For Incompleteness 13,283 $2,112,071,000 $159,000 $41,200,000 $64,000 $6,243,000
Application Approved But Not Accepted 11,630 $2,017,447,000 $173,000 $23,010,000 $82,000 $9,999,000
Preapproval Denied by Financial Institution 45 $6,642,000 $147,000 $302,000 $44,000 $128,000
Preapproval Approved but not Accepted 7 $1,204,000 $172,000 $314,000 $51,000 $122,000

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
Credit History 8,442 $880,409,000 $104,000 $70,000,000 $68,000 $20,000,000
Debt-To-Income Ratio 6,281 $979,805,000 $155,000 $8,800,000 $57,000 $5,996,000
Collateral 4,406 $752,884,000 $170,000 $38,000,000 $85,000 $4,448,000
Credit Application Incomplete 3,456 $583,161,000 $168,000 $1,800,000 $80,000 $1,372,000
Other 2,048 $314,903,000 $153,000 $6,500,000 $78,000 $1,500,000
Unverifiable Information 828 $121,279,000 $146,000 $1,860,000 $82,000 $1,520,000
Insufficient Cash (Downpayment, Closing Cost) 618 $119,152,000 $192,000 $2,250,000 $75,000 $862,000
Employment History 430 $74,003,000 $172,000 $1,088,000 $60,000 $383,000
Mortgage Insurance Denied 15 $2,952,000 $196,000 $870,000 $62,000 $157,000
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Mortgage Loan Application Totals in 2017 by Tennessee Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
CHATTANOOGA, TN-GA 19,511 $ 3,487,969,000 $ 178,000 $ 77,000
CLARKSVILLE, TN-KY 13,669 $ 2,264,482,000 $ 165,000 $ 56,000
CLEVELAND, TN 5,124 $ 790,125,000 $ 154,000 $ 59,000
JACKSON, TN 4,907 $ 645,889,000 $ 131,000 $ 63,000
JOHNSON CITY, TN 8,310 $ 1,248,976,000 $ 150,000 $ 64,000
KINGSPORT-BRISTOL-BRISTOL, TN-VA 8,408 $ 1,106,662,000 $ 131,000 $ 61,000
KNOXVILLE, TN 43,809 $ 7,355,994,000 $ 167,000 $ 72,000
MEMPHIS, TN-MS-AR 40,354 $ 7,140,897,000 $ 176,000 $ 81,000
MORRISTOWN, TN 5,090 $ 678,771,000 $ 133,000 $ 57,000
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 118,037 $ 28,873,680,000 $ 244,000 $ 94,000
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Mortgage Loan Application Totals in 2017 by Tennessee County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Anderson 3,477 $ 468,506,000 $ 134,000 $ 59,000
Bedford 2,246 $ 340,630,000 $ 151,000 $ 55,000
Benton 556 $ 56,457,000 $ 101,000 $ 55,000
Bledsoe 444 $ 47,348,000 $ 106,000 $ 66,000
Blount 7,030 $ 1,187,838,000 $ 168,000 $ 69,000
Bradley 4,527 $ 720,072,000 $ 159,000 $ 60,000
Campbell 1,747 $ 216,879,000 $ 124,000 $ 73,000
Cannon 768 $ 104,187,000 $ 135,000 $ 52,000
Carroll 799 $ 77,717,000 $ 97,000 $ 50,000
Carter 2,084 $ 234,518,000 $ 112,000 $ 50,000
Cheatham 2,558 $ 432,923,000 $ 169,000 $ 74,000
Chester 605 $ 66,540,000 $ 109,000 $ 57,000
Claiborne 1,201 $ 141,190,000 $ 117,000 $ 57,000
Clay 180 $ 23,698,000 $ 131,000 $ 61,000
Cocke 1,113 $ 118,804,000 $ 106,000 $ 47,000
Coffee 2,379 $ 336,347,000 $ 141,000 $ 55,000
Crockett 478 $ 46,363,000 $ 96,000 $ 56,000
Cumberland 2,479 $ 319,020,000 $ 128,000 $ 55,000
Davidson 39,101 $ 10,525,108,000 $ 269,000 $ 104,000
Decatur 404 $ 45,588,000 $ 112,000 $ 62,000
DeKalb 866 $ 114,345,000 $ 132,000 $ 66,000
Dickson 2,849 $ 461,169,000 $ 161,000 $ 63,000
Dyer 1,363 $ 150,468,000 $ 110,000 $ 52,000
Fayette 2,333 $ 461,951,000 $ 198,000 $ 73,000
Fentress 550 $ 62,068,000 $ 112,000 $ 52,000
Franklin 1,736 $ 250,466,000 $ 144,000 $ 83,000
Gibson 1,700 $ 186,262,000 $ 109,000 $ 52,000
Giles 1,213 $ 139,139,000 $ 114,000 $ 57,000
Grainger 952 $ 110,010,000 $ 115,000 $ 63,000
Greene 2,673 $ 316,026,000 $ 118,000 $ 53,000
Grundy 746 $ 53,657,000 $ 71,000 $ 54,000
Hamblen 2,654 $ 339,879,000 $ 128,000 $ 54,000
Hamilton 17,448 $ 3,241,789,000 $ 185,000 $ 79,000
Hancock 182 $ 16,495,000 $ 90,000 $ 54,000
Hardeman 716 $ 68,133,000 $ 95,000 $ 55,000
Hardin 956 $ 114,713,000 $ 119,000 $ 88,000
Hawkins 2,319 $ 272,895,000 $ 117,000 $ 52,000
Haywood 548 $ 55,158,000 $ 100,000 $ 72,000
Henderson 1,026 $ 107,130,000 $ 104,000 $ 54,000
Henry 1,035 $ 111,837,000 $ 108,000 $ 63,000
Hickman 978 $ 119,653,000 $ 122,000 $ 64,000
Houston 342 $ 35,495,000 $ 103,000 $ 54,000
Humphreys 680 $ 87,735,000 $ 129,000 $ 60,000
Jackson 390 $ 38,027,000 $ 97,000 $ 44,000
Jefferson 2,456 $ 340,440,000 $ 138,000 $ 60,000
Johnson 417 $ 52,704,000 $ 126,000 $ 59,000
Knox 23,527 $ 4,240,577,000 $ 180,000 $ 75,000
Lake 150 $ 9,791,000 $ 65,000 $ 47,000
Lauderdale 815 $ 66,868,000 $ 82,000 $ 48,000
Lawrence 1,487 $ 173,936,000 $ 116,000 $ 54,000
Lewis 379 $ 42,615,000 $ 112,000 $ 52,000
Lincoln 1,287 $ 178,904,000 $ 139,000 $ 52,000
Loudon 2,815 $ 553,923,000 $ 196,000 $ 80,000
Macon 998 $ 124,939,000 $ 125,000 $ 51,000
Madison 3,831 $ 533,539,000 $ 139,000 $ 65,000
Marion 1,282 $ 157,293,000 $ 122,000 $ 66,000
Marshall 1,872 $ 273,561,000 $ 146,000 $ 72,000
Maury 6,299 $ 1,112,746,000 $ 176,000 $ 68,000
McMinn 2,132 $ 260,370,000 $ 122,000 $ 56,000
McNairy 849 $ 82,019,000 $ 96,000 $ 56,000
Meigs 564 $ 72,836,000 $ 129,000 $ 63,000
Monroe 1,975 $ 253,485,000 $ 128,000 $ 54,000
Montgomery 13,679 $ 2,266,118,000 $ 165,000 $ 56,000
Moore 303 $ 50,895,000 $ 167,000 $ 79,000
Morgan 716 $ 76,141,000 $ 106,000 $ 51,000
Obion 935 $ 91,747,000 $ 98,000 $ 56,000
Overton 595 $ 69,794,000 $ 117,000 $ 47,000
Perry 173 $ 19,357,000 $ 111,000 $ 57,000
Pickett 141 $ 18,577,000 $ 131,000 $ 86,000
Polk 604 $ 70,677,000 $ 117,000 $ 48,000
Putnam 2,544 $ 362,811,000 $ 142,000 $ 58,000
Rhea 1,295 $ 163,507,000 $ 126,000 $ 57,000
Roane 2,601 $ 375,751,000 $ 144,000 $ 64,000
Robertson 4,518 $ 806,104,000 $ 178,000 $ 66,000
Rutherford 20,491 $ 4,082,456,000 $ 199,000 $ 73,000
Scott 749 $ 67,068,000 $ 89,000 $ 54,000
Sequatchie 792 $ 90,094,000 $ 113,000 $ 63,000
Sevier 6,108 $ 993,299,000 $ 162,000 $ 83,000
Shelby 35,072 $ 6,250,710,000 $ 178,000 $ 83,000
Smith 1,066 $ 133,322,000 $ 125,000 $ 52,000
Stewart 583 $ 80,849,000 $ 138,000 $ 67,000
Sullivan 6,118 $ 835,909,000 $ 136,000 $ 64,000
Sumner 12,630 $ 2,829,127,000 $ 224,000 $ 83,000
Tipton 2,993 $ 435,388,000 $ 145,000 $ 60,000
Trousdale 530 $ 73,547,000 $ 138,000 $ 53,000
Unicoi 677 $ 79,886,000 $ 118,000 $ 55,000
Union 1,023 $ 132,025,000 $ 129,000 $ 60,000
Van Buren 243 $ 31,144,000 $ 128,000 $ 61,000
Warren 1,233 $ 137,386,000 $ 111,000 $ 54,000
Washington 5,556 $ 935,443,000 $ 168,000 $ 70,000
Wayne 297 $ 42,371,000 $ 142,000 $ 131,000
Weakley 914 $ 94,951,000 $ 103,000 $ 57,000
White 1,012 $ 117,178,000 $ 115,000 $ 50,000
Williamson 15,718 $ 5,698,727,000 $ 362,000 $ 143,000
Wilson 9,656 $ 2,382,928,000 $ 246,000 $ 95,000

We hope these totals and details for mortgage applications will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in TN.

If you prefer, you can download a copy of the entire list of mortgage lenders in Tennessee, and search similar information back through 2003.

Download the Tennessee Lender List