Weakley County, TN Mortgage Lenders & HMDA Data, 2023

In 2023, lenders reported 938 mortgage applications in Weakley County, TN totaling $127.7 million, down 14% from 2022. The average application was for $136,000, and applicants reported an average income of $82,000. 47% of applications resulted in an originated loan and 21% were denied. The most active lender was Simmons Bank, with 102 applications, followed by Regions Bank and Leaders Credit Union.

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Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 938
Total Mortgage Loan Application Amount $127,710,000
Average Mortgage Loan Application Amount $136,000
Highest Mortgage Loan Application Amount $2,535,000
Average Applicant Income $82,000
Highest Applicant Income $731,000
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Top Mortgage Lenders in Weakley County, TN (2023)

Ranked by the number of mortgage applications each lender reported in Weakley County, TN in 2023.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Simmons Bank
Pine Bluff, AR
102 $9,320,000 $91,000 $83,000
2 Regions Bank
Birmingham, AL
76 $7,260,000 $95,000 $83,000
3 Leaders Credit Union
Jackson, TN
54 $6,190,000 $114,000 $84,000
4 Vanderbilt Mortgage and Finance, Inc
Maryville, TN
41 $4,295,000 $104,000 $69,000
5 First Citizens National Bank
Newark, OH
36 $7,410,000 $205,000 $77,000
6 Ut Federal Credit Union
Knoxville, TN
36 $3,730,000 $103,000 $94,000
7 Lineage Bank
Franklin, TN
31 $5,185,000 $167,000 $82,000
8 Discover Bank
Greenwood, DE
30 $1,650,000 $55,000 $104,000
9 Amerihome Mortgage Company, LLC
Thousand Oaks, CA
24 $4,470,000 $186,000 $91,000
10 Mortgage Research Center
Columbia, MO
24 $4,660,000 $194,000 $79,000

See every lender active in Weakley County, TN in 2023 »

The tables below break down 2023 mortgage applications in Weakley County, TN by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Weakley County, TN in 2023

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 474 $80,500,000 $169,000 $2,535,000 $82,000 $731,000
Cash-out Refinancing 150 $22,300,000 $148,000 $415,000 $76,000 $556,000
Home Improvement 111 $5,925,000 $53,000 $205,000 $86,000 $252,000
Refinancing 104 $13,690,000 $131,000 $1,015,000 $82,000 $357,000
Other Purpose 97 $5,215,000 $53,000 $155,000 $84,000 $456,000
Not Applicable 2 $80,000 $40,000 $55,000 $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 674 $83,290,000 $123,000 $1,015,000 $80,000 $731,000
Not applicable 104 $23,030,000 $221,000 $2,535,000 $60,000 $78,000
Not Provided 82 $10,810,000 $131,000 $515,000 $86,000 $254,000
Black or African American 42 $5,660,000 $134,000 $1,045,000 $96,000 $615,000
Hispanic 20 $2,450,000 $122,000 $295,000 $97,000 $309,000
American Indian or Alaskan Native 10 $1,110,000 $111,000 $235,000 $87,000 $173,000
Asian 6 $1,360,000 $226,000 $325,000 $83,000 $126,000
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) 642 $75,860,000 $118,000 $2,535,000 $87,000 $731,000
FHA-insured (Federal Housing Administration) 167 $26,185,000 $156,000 $445,000 $63,000 $157,000
VA-guaranteed (Veterans Administration) 89 $20,345,000 $228,000 $515,000 $89,000 $301,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 40 $5,320,000 $133,000 $225,000 $59,000 $120,000

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 442 $65,600,000 $148,000 $2,535,000 $91,000 $731,000
Application Denied By Financial Institution 195 $17,185,000 $88,000 $445,000 $71,000 $456,000
Application Withdrawn By Applicant 130 $18,830,000 $144,000 $395,000 $75,000 $309,000
Loan Purchased By The Institution 94 $16,850,000 $179,000 $515,000 $96,000 $219,000
File Closed For Incompleteness 51 $5,885,000 $115,000 $305,000 $66,000 $224,000
Application Approved But Not Accepted 26 $3,360,000 $129,000 $425,000 $70,000 $138,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial 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
Not applicable 660 $99,930,000 $151,000 $2,535,000 $83,000 $731,000
Debt-To-Income Ratio 123 $14,495,000 $117,000 $405,000 $81,000 $690,000
Credit History 80 $6,020,000 $75,000 $265,000 $81,000 $456,000
Collateral 33 $2,565,000 $77,000 $235,000 $79,000 $184,000
Credit Application Incomplete 18 $1,850,000 $102,000 $335,000 $81,000 $285,000
Other 8 $940,000 $117,000 $445,000 $56,000 $110,000
Unverifiable Information 8 $810,000 $101,000 $165,000 $58,000 $126,000
Employment History 5 $565,000 $113,000 $175,000 $56,000 $78,000
Insufficient Cash (Downpayment, Closing Cost) 3 $535,000 $178,000 $225,000 $66,000 $80,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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