Tennessee
Mortgage Loan Application
Totals and Details
in 2018

Find mortgage statistics and mortgage data for Tennessee.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2018 in all of Tennessee.
You can organize this information by metropolitan area and by county.

Years 2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 336,382
Total Mortgage Loan Application Amount $64,500,060,000
Average Mortgage Loan Application Amount $191,000
Highest Mortgage Loan Application Amount $92,505,000
Average Applicant Income $95,000
Highest Applicant Income $9,356,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Tennessee, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also 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 2018

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 181,111 $39,955,920,000 $220,000 $54,005,000 $97,000 $9,356,000
Cash-out Refinancing 59,096 $10,741,280,000 $181,000 $45,005,000 $79,000 $9,210,000
Refinancing 44,984 $8,934,125,000 $198,000 $92,505,000 $99,000 $7,867,000
Other Purpose 24,366 $2,288,770,000 $93,000 $30,525,000 $108,000 $9,251,000
Home Improvement 21,189 $1,959,965,000 $92,000 $44,995,000 $101,000 $6,322,000
Not Applicable 5,636 $620,000,000 $110,000 $3,825,000 $80,000 $1,018,000

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 226,376 $40,571,100,000 $179,000 $14,005,000 $97,000 $9,356,000
Not applicable 37,656 $11,080,220,000 $294,000 $92,505,000 $93,000 $1,263,000
Not Provided 28,948 $5,627,430,000 $194,000 $18,535,000 $104,000 $8,641,000
Black or African American 26,473 $4,063,155,000 $153,000 $2,555,000 $72,000 $8,165,000
Hispanic 8,577 $1,415,605,000 $165,000 $1,775,000 $76,000 $3,404,000
Asian 5,570 $1,231,780,000 $221,000 $3,205,000 $119,000 $9,000,000
American Indian or Alaskan Native 1,348 $209,040,000 $155,000 $1,105,000 $77,000 $3,000,000
Native Hawaiian or Other Pacific Islander 320 $59,400,000 $185,000 $745,000 $98,000 $1,310,000

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) 228,858 $44,391,990,000 $193,000 $92,505,000 $108,000 $9,356,000
FHA-insured (Federal Housing Administration) 60,818 $10,752,740,000 $176,000 $44,995,000 $59,000 $2,110,000
VA-guaranteed (Veterans Administration) 35,497 $7,801,545,000 $219,000 $1,905,000 $74,000 $2,400,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 11,209 $1,553,785,000 $138,000 $675,000 $48,000 $552,000

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 173,056 $35,677,735,000 $206,000 $92,505,000 $103,000 $9,356,000
Application Denied By Financial Institution 55,907 $7,476,115,000 $133,000 $31,305,000 $74,000 $9,210,000
Loan Purchased By The Institution 51,731 $10,597,665,000 $204,000 $5,515,000 $98,000 $8,165,000
Application Withdrawn By Applicant 36,327 $7,506,200,000 $206,000 $40,655,000 $90,000 $8,089,000
File Closed For Incompleteness 10,673 $1,701,985,000 $159,000 $3,255,000 $81,000 $4,560,000
Application Approved But Not Accepted 8,358 $1,476,210,000 $176,000 $6,605,000 $100,000 $4,594,000
Preapproval Approved but not Accepted 221 $44,145,000 $199,000 $545,000 $79,000 $350,000
Preapproval Denied by Financial Institution 109 $20,005,000 $183,000 $1,765,000 $66,000 $604,000

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
Not applicable 271,092 $55,373,580,000 $204,000 $92,505,000 $99,000 $9,251,000
Debt-To-Income Ratio 23,985 $3,811,875,000 $158,000 $39,055,000 $80,000 $9,356,000
Credit History 18,947 $1,858,865,000 $98,000 $2,555,000 $73,000 $9,000,000
Collateral 7,752 $1,170,110,000 $150,000 $29,845,000 $94,000 $9,210,000
Credit Application Incomplete 5,241 $848,685,000 $161,000 $1,405,000 $83,000 $4,576,000
Other 4,794 $773,620,000 $161,000 $31,305,000 $86,000 $8,400,000
Unverifiable Information 2,101 $278,765,000 $132,000 $4,605,000 $82,000 $2,465,000
Insufficient Cash (Downpayment, Closing Cost) 1,741 $259,685,000 $149,000 $1,445,000 $97,000 $1,925,000
Employment History 696 $114,370,000 $164,000 $2,505,000 $57,000 $400,000
Mortgage Insurance Denied 33 $10,505,000 $318,000 $6,005,000 $58,000 $141,000
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Mortgage Loan Application Totals in 2018 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 21,139 $ 3,764,205,000 $ 178,000 $ 96,000
CLARKSVILLE, TN-KY 14,696 $ 2,587,310,000 $ 176,000 $ 77,000
CLEVELAND, TN 5,498 $ 818,210,000 $ 148,000 $ 76,000
JACKSON, TN 4,799 $ 630,485,000 $ 131,000 $ 81,000
JOHNSON CITY, TN 8,160 $ 1,210,720,000 $ 148,000 $ 80,000
KINGSPORT-BRISTOL-BRISTOL, TN-VA 8,857 $ 1,159,435,000 $ 130,000 $ 72,000
KNOXVILLE, TN 45,431 $ 8,035,575,000 $ 176,000 $ 92,000
MEMPHIS, TN-MS-AR 41,111 $ 7,716,775,000 $ 187,000 $ 108,000
MORRISTOWN, TN 5,295 $ 769,635,000 $ 145,000 $ 75,000
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 124,746 $ 29,950,550,000 $ 240,000 $ 109,000
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Mortgage Loan Application Totals in 2018 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 3,637 $ 520,925,000 $ 143,000 $ 77,000
Bedford 2,303 $ 354,995,000 $ 154,000 $ 67,000
Benton 515 $ 52,175,000 $ 101,000 $ 59,000
Bledsoe 454 $ 53,280,000 $ 117,000 $ 66,000
Blount 7,183 $ 1,246,075,000 $ 173,000 $ 93,000
Bradley 4,798 $ 726,590,000 $ 151,000 $ 78,000
Campbell 1,837 $ 250,855,000 $ 136,000 $ 85,000
Cannon 727 $ 103,445,000 $ 142,000 $ 68,000
Carroll 802 $ 83,190,000 $ 103,000 $ 61,000
Carter 2,015 $ 238,455,000 $ 118,000 $ 63,000
Cheatham 2,532 $ 467,120,000 $ 184,000 $ 87,000
Chester 613 $ 76,235,000 $ 124,000 $ 68,000
Claiborne 1,082 $ 128,800,000 $ 119,000 $ 64,000
Clay 215 $ 27,155,000 $ 126,000 $ 68,000
Cocke 990 $ 129,450,000 $ 130,000 $ 59,000
Coffee 2,451 $ 357,945,000 $ 146,000 $ 74,000
Crockett 447 $ 43,345,000 $ 96,000 $ 64,000
Cumberland 2,539 $ 345,895,000 $ 136,000 $ 65,000
Davidson 41,508 $ 10,795,280,000 $ 260,000 $ 117,000
Decatur 400 $ 43,040,000 $ 107,000 $ 77,000
DeKalb 910 $ 128,890,000 $ 141,000 $ 83,000
Dickson 2,913 $ 487,045,000 $ 167,000 $ 76,000
Dyer 1,184 $ 133,680,000 $ 112,000 $ 71,000
Fayette 2,371 $ 486,165,000 $ 205,000 $ 102,000
Fentress 566 $ 71,930,000 $ 127,000 $ 64,000
Franklin 1,692 $ 252,870,000 $ 149,000 $ 86,000
Gibson 1,733 $ 200,975,000 $ 115,000 $ 72,000
Giles 1,174 $ 151,250,000 $ 128,000 $ 69,000
Grainger 944 $ 117,620,000 $ 124,000 $ 70,000
Greene 2,556 $ 308,610,000 $ 120,000 $ 65,000
Grundy 537 $ 45,775,000 $ 85,000 $ 58,000
Hamblen 2,642 $ 360,700,000 $ 136,000 $ 67,000
Hamilton 19,271 $ 3,505,655,000 $ 181,000 $ 98,000
Hancock 162 $ 15,170,000 $ 93,000 $ 51,000
Hardeman 636 $ 64,110,000 $ 100,000 $ 66,000
Hardin 873 $ 120,335,000 $ 137,000 $ 98,000
Hawkins 2,287 $ 273,945,000 $ 119,000 $ 64,000
Haywood 598 $ 57,570,000 $ 96,000 $ 63,000
Henderson 855 $ 95,365,000 $ 111,000 $ 63,000
Henry 992 $ 115,180,000 $ 116,000 $ 68,000
Hickman 991 $ 140,825,000 $ 142,000 $ 68,000
Houston 308 $ 36,560,000 $ 118,000 $ 63,000
Humphreys 793 $ 101,265,000 $ 127,000 $ 74,000
Jackson 380 $ 41,760,000 $ 109,000 $ 56,000
Jefferson 2,657 $ 409,365,000 $ 154,000 $ 82,000
Johnson 436 $ 62,870,000 $ 144,000 $ 72,000
Knox 24,420 $ 4,702,390,000 $ 192,000 $ 98,000
Lake 100 $ 6,840,000 $ 68,000 $ 52,000
Lauderdale 674 $ 53,910,000 $ 79,000 $ 53,000
Lawrence 1,393 $ 178,275,000 $ 127,000 $ 62,000
Lewis 408 $ 51,940,000 $ 127,000 $ 63,000
Lincoln 1,579 $ 208,075,000 $ 131,000 $ 72,000
Loudon 3,180 $ 636,160,000 $ 200,000 $ 97,000
Macon 1,038 $ 136,750,000 $ 131,000 $ 61,000
Madison 3,748 $ 518,790,000 $ 138,000 $ 85,000
Marion 1,228 $ 168,740,000 $ 137,000 $ 77,000
Marshall 1,843 $ 296,405,000 $ 160,000 $ 66,000
Maury 6,393 $ 1,201,585,000 $ 187,000 $ 84,000
McMinn 2,126 $ 255,690,000 $ 120,000 $ 65,000
McNairy 810 $ 78,170,000 $ 96,000 $ 58,000
Meigs 540 $ 72,280,000 $ 133,000 $ 68,000
Monroe 1,985 $ 263,065,000 $ 132,000 $ 70,000
Montgomery 14,723 $ 2,593,585,000 $ 176,000 $ 77,000
Moore 292 $ 50,820,000 $ 174,000 $ 87,000
Morgan 730 $ 79,920,000 $ 109,000 $ 58,000
Obion 827 $ 89,855,000 $ 108,000 $ 70,000
Overton 541 $ 73,145,000 $ 135,000 $ 63,000
Perry 192 $ 22,110,000 $ 115,000 $ 73,000
Pickett 114 $ 15,350,000 $ 134,000 $ 81,000
Polk 708 $ 92,180,000 $ 130,000 $ 65,000
Putnam 2,612 $ 427,910,000 $ 163,000 $ 83,000
Rhea 1,220 $ 160,990,000 $ 131,000 $ 73,000
Roane 2,703 $ 409,425,000 $ 151,000 $ 83,000
Robertson 4,494 $ 790,910,000 $ 175,000 $ 78,000
Rutherford 21,807 $ 4,482,085,000 $ 205,000 $ 85,000
Scott 513 $ 50,305,000 $ 98,000 $ 59,000
Sequatchie 666 $ 93,950,000 $ 141,000 $ 83,000
Sevier 6,143 $ 1,172,265,000 $ 190,000 $ 104,000
Shelby 35,780 $ 6,857,850,000 $ 191,000 $ 111,000
Smith 943 $ 139,195,000 $ 147,000 $ 69,000
Stewart 603 $ 82,465,000 $ 136,000 $ 78,000
Sullivan 6,581 $ 885,875,000 $ 134,000 $ 74,000
Sumner 12,929 $ 2,810,135,000 $ 217,000 $ 93,000
Tipton 2,976 $ 450,800,000 $ 151,000 $ 76,000
Trousdale 467 $ 74,205,000 $ 158,000 $ 70,000
Unicoi 571 $ 66,085,000 $ 115,000 $ 61,000
Union 909 $ 121,585,000 $ 133,000 $ 71,000
Van Buren 224 $ 26,720,000 $ 119,000 $ 59,000
Warren 1,180 $ 143,650,000 $ 121,000 $ 61,000
Washington 5,584 $ 907,080,000 $ 162,000 $ 88,000
Wayne 302 $ 36,800,000 $ 121,000 $ 64,000
Weakley 903 $ 86,235,000 $ 95,000 $ 74,000
White 1,039 $ 126,365,000 $ 121,000 $ 58,000
Williamson 18,196 $ 6,167,290,000 $ 338,000 $ 163,000
Wilson 9,936 $ 2,254,120,000 $ 226,000 $ 101,000

We hope these mortgage application details and statistics 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 Tennessee.

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