Our analysis of 2025 HMDA data. Rates are medians on loans actually opened.
Why HELOCs were denied in Morristown, TN
First reason lenders gave, share of denials with a reason reported.
Denial rate by debt-to-income
Morristown, TN HELOC applications, 2025.
| Debt-to-income | Decisions | Denied |
|---|---|---|
| 20% to 29% | 98 | 10% |
| 30% to 35% | 100 | 17% |
| 36% to 42% | 141 | 11% |
| 43% to 49% | 139 | 16% |
If you were denied a HELOC in Morristown, TN
6 of the six major home equity investment providers list Tennessee as a service area: CHEIFS, Hometap, Point, Splitero, Unison, Unlock. See which could fit you.
Compare a HELOC, home equity loan, cash-out refinance, and home equity investment side by side, with your own approval odds, in the home equity options tool. A HELOC like the typical 2025 loan here would start around 6.37% at today’s prime rate.
State rules: Tennessee.
Other metro areas in Tennessee
Memphis, TN-MS-AR (40%) · Chattanooga, TN-GA (33%) · Clarksville, TN-KY (33%) · Nashville, TN (32%) · Knoxville, TN (26%) · Johnson City, TN (28%) · All 358 metro areas
Questions
What is the HELOC denial rate in Morristown, TN?
Lenders denied 22.9% of the 593 HELOC applications they decided in the Morristown, TN metro area in 2025, below the national rate of 32.9%, according to federal HMDA data.
Why do HELOCs get denied in Morristown, TN?
The most common first reason lenders gave was credit history (32% of denials with a reason reported).
What is a typical HELOC rate in Morristown, TN?
The median starting rate on HELOCs opened in the Morristown, TN area in 2025 was 6.74%. HELOC rates move with the prime rate, which has changed by -0.37 points since, so a similar loan today would start around 6.37%. Your rate depends on your credit, equity, and lender.
Source: FFIEC / CFPB HMDA data, 2025, second-lien HELOCs and home equity loans with a credit decision, by the metro area HMDA assigns. Metro names: U.S. Census Bureau. Free to use with attribution (CC BY 4.0). Methodology: HELOC denial data.
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Point, Hometap, Unlock, Unison, Splitero and CHEIFS side by side, with reviews and head-to-heads.
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