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home improvement loan lenders · HMDA 2023–2025

Home improvement loan lenders in Tennessee

Fat Boy Data analyzed home improvement loan activity in Tennessee to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 46,157 applications were decided by 361 lenders between 2023 and 2025.

Tennessee at a glance

361Active lenders102 with 20+ decisions
63.4%Market approval rate29,276 of 46,157 decided
$75KTypical loanmedian lender, $10K brackets
90%Borrower take-up26,468 loans funded

How Tennessee compares

Approval rate compared
Tennessee63.4%All 616 counties62.7%
Typical loan compared
Tennessee$75KAll 616 counties$75K

What the data shows

Regions Bank made the most home improvement loans in Tennessee, 3,331 of them.

First Bancorp, Inc. approved the highest share of applications among lenders with at least 20 decisions here, 99% of 71.

Only 2 lenders here typically write at or below $35K: Patriot Bank, Trustmark Bank.

Approval rate of all 60 lenders with 20+ decisions here
0%25%50%75%100%Discover Bank: 38% approved of 1,187Spring Eq, LLC: 39% approved of 639Bank of America, National Association: 42% approved of 3,630Alliant Credit Union: 45% approved of 114Truist Bank: 48% approved of 2,551U.S. Bank National Association: 48% approved of 1,711Regions Bank: 52% approved of 7,207The Huntington National Bank: 52% approved of 109Pentagon Federal Credit Union: 53% approved of 237Patriot Bank: 56% approved of 355Fourleaf: 56% approved of 168First Horizon Bank: 57% approved of 4,128New American Funding, LLC: 61% approved of 115Simmons Bank: 61% approved of 409Fifth Third Bank, National Association: 62% approved of 1,163Navy Federal Credit Union: 64% approved of 1,310First South Financial Federal Credit Union: 65% approved of 136United Community Bank: 65% approved of 460Redstone Federal Credit Union: 65% approved of 395PNC Bank, National Association: 66% approved of 390Synovus Bank: 66% approved of 102Bank of Bartlett: 66% approved of 429Tennessee Valley FCU: 68% approved of 1,093Old National Bank: 68% approved of 78First Volunteer Bank: 68% approved of 100Figure Lending LLC: 70% approved of 1,233Citizens Bank, National Association: 71% approved of 481Third Federal Savings And Loan Association Of Cleveland: 71% approved of 325Fortera Federal Credit Union: 74% approved of 925Ascend Federal Credit Union: 75% approved of 1,124Y-12 Federal Credit Union: 75% approved of 765Leaders Credit Union: 76% approved of 94Pinnacle Bank: 76% approved of 1,910Rocket Mortgage, LLC: 76% approved of 218First Farmers and Merchants Bank: 77% approved of 214Renasant Bank: 77% approved of 145U. T. Federal Credit Union: 78% approved of 152Trustmark Bank: 79% approved of 224Homebridge Financial Services, Inc.: 79% approved of 173Eastman Credit Union: 80% approved of 1,939Baxter Credit Union: 80% approved of 76F&M Bank: 81% approved of 79Nationstar Mortgage LLC: 84% approved of 203Lawrence Bank: 84% approved of 323SmartBank: 85% approved of 151Wilson Bank and Trust: 86% approved of 530Home Federal Bank of Tennessee: 86% approved of 484SouthEast Bank: 88% approved of 143Lendage, LLC: 88% approved of 145First Citizens National Bank: 89% approved of 70Republic Bank & Trust Company: 89% approved of 199ALTRA Federal Credit Union: 89% approved of 231Commercial Bank & Trust Co.: 89% approved of 75Bank Of Tennessee: 91% approved of 117Ornl: 91% approved of 987Liberty Credit Union: 93% approved of 111Fedex Employees Credit Association: 94% approved of 80Knoxville Tva Employees Credit Union: 97% approved of 584Coastal Community Bank: 97% approved of 1,035First Bancorp, Inc.: 99% approved of 71

Each dot is one lender, placed at its approval rate. Hover for the name and sample size.

Home improvement loan lenders in Tennessee

LenderApprovalApprovedTaken upTypical loanLoans made
1Regions Bank52%3,761 / 7,20789%$65K3,331
2First Horizon Bank57%2,336 / 4,12894%$105K2,185
3Bank of America, National Association42%1,526 / 3,63098%$105K1,489
4Truist Bank48%1,227 / 2,55193%$105K1,142
5Eastman Credit Union80%1,549 / 1,93998%$55K1,511

Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.

Fat Boy found 356 more lenders.

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Counties in Tennessee

Shelby CountyCountyDavidson CountyCountyKnox CountyCountyHamilton CountyCountyRutherford CountyCountyWilliamson CountyCountyMontgomery CountyCountySumner CountyCountySullivan CountyCountyWilson CountyCountyBlount CountyCountyWashington CountyCounty