Applications / Mortgage Analytics / Lenders / Tennessee / Volunteer Bank
Nashville, TN · State non-member bank · FDIC · $1.6 billion assets · 366 loans in 2025
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366
loans originated, 2025
442
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Volunteer Bank, a Nashville bank that has reported home loans since 1990, lends mostly on homes people already own, through home-improvement loans and refinances, rather than on purchases.
Home-improvement loans made up 31.7% of its lending and refinances 30.9%. Purchases were only 21.3%, and other purposes 16.1%. Every loan was conventional, as at most similar lenders (state non-member banks making between half and twice as many loans).
Jumbo loans, those above the conforming limit, were 11.9% of its lending, against 1.4% at its peers, a higher share than nearly all of them. This is not new: the share was 15.4% in 2020. Its lending to low- and moderate-income borrowers, 20.1% against 28.4%, was lower than at about four in five peers; a book with many large loans may simply draw better-off borrowers.
In Nashville-Davidson--Murfreesboro--Franklin it ranked 42 of 821 lenders, with 0.6% of the market, up from 0.5%. The leaders there are United Wholesale Mortgage and Rocket Mortgage. Elsewhere its shares are tiny, though it added Dalton, Georgia, in 2025.
It made 366 loans in 2025, up 4%, while similar lenders grew 9% and the whole market 10%. Its lending peaked at 619 loans in 2022 and has settled since, though it remains well above the 207 of 2020.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Volunteer Bank took 442 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 31.7% · Refinance 30.9% · Purchase 21.3% · Other 16.1%
Conventional 100.0% · of 366 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Tennessee | 361 | 98.6% |
| Florida | 2 | 0.5% |
| Kentucky | 2 | 0.5% |
| Georgia | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Nashville-Davidson--Murfreesboro--Franklin | 351 |
| Clarksville | 2 |
| Crestview-Fort Walton Beach-Destin | 2 |
| Bowling Green | 1 |
| Dalton | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300FZ8E0GLIFFYB55 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 774132 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 322451 | 1990–2017 |
Established 15 April 1977. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Volunteer Bank's data.
Volunteer Bank's data
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