Memphis Mortgage Lending in 2025

Explore mortgage lending activity in Memphis (MSA/MD Code 32820) using official HMDA public records. Review underwriting outcomes, borrower characteristics, and regional lending benchmarks.

Source: Federal Financial Institutions Examination Council (FFIEC) / Consumer Financial Protection Bureau (CFPB) • Dataset: 2025 Snapshot National Loan-Level Dataset • Updated: June 2, 2026 • Methodology →
Metropolitan Area 32820
14,692 Loans Originated
• Primary State: Tennessee (TN-MS-AR)
• $4.42 Billion Originated Volume
• $275,000 Median Loan
Actionable Applications 19,139 +4.60% vs 2024
Approval Rate 80.48% -0.13 pp vs 2024
Denial Rate 19.52% +0.13 pp vs 2024
Loan Originations 14,692 +5.46% vs 2024
Originated Volume $4.42 Billion +8.21% vs 2024

Credit Decision Outcomes (2025)

Outcomes for 19,139 actionable applications (Actions 1, 2, and 3).

80.48%
19.52%
15,403 approved 3,736 denied
Action 1: Originated
14,692 (76.76%)
Action 2: Approved not accepted
711 (3.71%)
Action 3: Denied
3,736 (19.52%)
Action 4: Withdrawn (not in denominator)
4,431 —
Action 5: Incomplete (not in denominator)
1,776 —
How to read this: Approval rate uses Actions 1, 2, and 3. Actions 4 and 5 are excluded from the credit decision denominator. Read the full methodology →

How Memphis Compares

Metro vs. State Baseline (2025)

Metric Memphis Tennessee
Actionable Apps 19,139 140,720
Approval Rate 80.48% 81.79%
Denial Rate 19.52% 18.21%
Originations 14,692 108,913
Originated Volume $4.42 Billion $38.72 Billion
Median Loan $275,000 $305,000
Compared against Tennessee statewide baseline in 2025.

Lending Trends in Memphis

Year-over-year shifts: 2025 vs. 2024

Metric 2024 2025 Change
Consumer Universe 23,840 25,346 +6.32%
Actionable Apps 18,297 19,139 +4.60%
Originations 13,932 14,692 +5.46%
Approval Rate 80.61% 80.48% -0.13 pp
Denial Rate 19.39% 19.52% +0.13 pp
Median Loan $265,000 $275,000 +3.77%
Dollar Volume $4.08 Billion $4.42 Billion +8.21%

Applications by Borrower Income (Memphis)

Approval and denial rates across gross annual income tiers (2025)

Income Bracket Apps Approval % Denial %
$100k–$149,999 4,043 87.95% 12.05%
$150k+ 3,277 91.30% 8.70%
$50k–$99,999 7,630 79.38% 20.62%
<$50k 2,664 57.73% 42.27%
Income unavailable/entity 1,525 82.62% 17.38%
Gross annual borrower income relied upon during credit underwriting. Descriptive figures only; does not establish causation.

Geographic Market Context

Regional integration within Tennessee (2025)

Official Geographic Designation: Metropolitan Statistical Area / Division 32820, anchored in Tennessee (TN-MS-AR).
Metro Share of State Apps 13.60%
Metro Share of State Volume 11.41%
Geographic Notice: OpenFileData reports verified OMB-designated metropolitan boundaries. Detailed county-level vector choropleths are omitted unless authoritative polygon geometries and county-level consumer records are officially available, preventing data fabrication.

Parent State Association

Explore Tennessee statewide mortgage activity

Memphis is part of OpenFileData’s statewide coverage of Tennessee. View statewide approval benchmarks, metropolitan rankings, and institution profiles across all reporting jurisdictions.

Tennessee Statewide Overview Active Profile
Statewide Actionable Applications: 140,720
Explore Tennessee State Profile →

Methodology

Learn how HMDA credit outcomes, action codes, and consumer filters are computed.

Read Methodology →

Tennessee Profile

Compare all metropolitan areas located in Tennessee.

View State Page →

Download Data

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Methodology & Disclosures

Credit Decision Denominator Rule: Approval and denial rates are calculated strictly among actionable applications reaching a formal credit underwriting decision (Actions 1, 2, and 3: loan originated, approved but not accepted, denied). Applications withdrawn by borrower (Action 4) and closed for incompleteness (Action 5) are tracked in the broader Consumer Mortgage Universe for market completeness but excluded from credit decision rates as no underwriting decision occurred.

Official Data Source & Freeze Date: Official Home Mortgage Disclosure Act (HMDA) records published by the Federal Financial Institutions Examination Council (FFIEC) and Consumer Financial Protection Bureau (CFPB). Primary analysis uses the 2025 Snapshot National Loan-Level Dataset (frozen June 2, 2026); historical baseline uses the 2024 One-Year National Loan-Level Dataset (frozen June 2, 2026).

Public Interest Commitment: OpenFileData does not sell mortgage leads, lender placements, paid rankings, or individualized mortgage recommendations.

For complete technical formulas, SQL implementations, and data definitions, read the full Mortgage Lending Methodology Specification.