Top Mortgage Lenders in Jackson, TN

Which mortgage lender in the Jackson, TN area typically has the best rates? To help you narrow down where to shop for a mortgage, provides an objective and data driven ranking of mortgage lenders operating in the Jackson, TN area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.

Going by historical data, the best mortgage lender in the Jackson, TN area in terms of interest rate is Leaders Credit Union, with an average “Rate Difference” of -0.10%. This means that, comparing similar borrowers, Leaders Credit Union provided a -0.10% lower interest rate for its customers than other lenders in the area. Leaders Credit Union has a market share of 18.6%. It is the most popular lender in the Jackson, TN area.

Our detailed ranking of mortgage lenders in the Jackson, TN area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, going by historical data, the cheapest lender for Conventional mortgages in Jackson, TN is Leaders Credit Union. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is FirstBank TN. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Guaranty Home Mortgage Corporation. The cheapest VA mortgage provider is Regions Bank. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.

Ranking of Mortgage Lenders in Jackson, TN

Mortgage Type:
Lender NameRate DifferenceRate RatingMarket Share
Leaders Credit Union-0.10%(4.0)18.62%
Guaranty Home Mortgage Corporation-0.07%(4.0)4.71%
Mortgage Investors Group-0.03%(3.5)13.16%
BancorpSouth Bank-0.02%(3.5)5.36%
First Community Mortgage-0.02%(3.5)5.36%
Wells Fargo Bank0.01%(3.5)2.76%
New American Funding0.02%(3.5)2.17%
Regions Bank0.04%(3.5)16.24%
Simmons Bank0.06%(3.0)7.63%
Quicken Loans0.06%(3.0)11.37%
Mr. Cooper0.06%(3.0)1.73%
FirstBank TN0.11%(3.0)7.31%
Lender NameRate DifferenceRate RatingMarket Share
Leaders Credit Union-0.09%(4.0)18.23%
Guaranty Home Mortgage Corporation-0.08%(4.0)5.21%
Mortgage Investors Group-0.03%(3.5)18.47%
First Community Mortgage-0.02%(3.5)7.57%
BancorpSouth Bank-0.01%(3.5)4.96%
Wells Fargo Bank-0.01%(3.5)2.28%
Simmons Bank0.03%(3.5)8.38%
New American Funding0.03%(3.5)2.60%
Mr. Cooper0.04%(3.5)1.14%
Regions Bank0.06%(3.0)16.27%
FirstBank TN0.12%(3.0)6.59%
Quicken Loans0.12%(3.0)5.86%
Lender NameRate DifferenceRate RatingMarket Share
Leaders Credit Union-0.12%(4.0)19.42%
Guaranty Home Mortgage Corporation-0.05%(3.5)3.72%
Mortgage Investors Group-0.03%(3.5)2.59%
BancorpSouth Bank-0.02%(3.5)6.15%
New American Funding-0.01%(3.5)1.29%
Regions Bank0.00%(3.5)16.18%
First Community Mortgage0.00%(3.5)0.97%
Quicken Loans0.03%(3.5)22.33%
Wells Fargo Bank0.04%(3.5)3.72%
Mr. Cooper0.08%(3.0)2.91%
FirstBank TN0.10%(3.0)8.74%
Simmons Bank0.15%(3.0)6.15%
Lender NameRate DifferenceRate RatingMarket Share
Leaders Credit Union-0.13%(4.0)20.73%
Mortgage Investors Group-0.07%(4.0)9.65%
Guaranty Home Mortgage Corporation-0.04%(3.5)3.45%
BancorpSouth Bank-0.02%(3.5)7.17%
First Community Mortgage-0.00%(3.5)1.95%
New American Funding0.00%(3.5)2.30%
Wells Fargo Bank0.01%(3.5)3.81%
Regions Bank0.06%(3.0)19.57%
Mr. Cooper0.07%(3.0)1.33%
Simmons Bank0.08%(3.0)9.48%
Quicken Loans0.09%(3.0)9.74%
FirstBank TN0.10%(3.0)8.33%
Lender NameRate DifferenceRate RatingMarket Share
Leaders Credit Union-0.13%(4.0)20.19%
Mortgage Investors Group-0.07%(4.0)14.91%
Guaranty Home Mortgage Corporation-0.03%(3.5)2.95%
Wells Fargo Bank-0.03%(3.5)3.26%
BancorpSouth Bank-0.02%(3.5)6.83%
First Community Mortgage0.00%(3.5)2.95%
New American Funding0.01%(3.5)2.95%
Simmons Bank0.04%(3.5)10.87%
Mr. Cooper0.04%(3.5)1.09%
FirstBank TN0.08%(3.0)6.68%
Regions Bank0.11%(3.0)19.57%
Quicken Loans0.14%(3.0)6.21%
Lender NameRate DifferenceRate RatingMarket Share
Leaders Credit Union-0.13%(4.0)21.44%
Guaranty Home Mortgage Corporation-0.06%(4.0)4.12%
Mortgage Investors Group-0.04%(3.5)2.68%
BancorpSouth Bank-0.02%(3.5)7.63%
New American Funding-0.02%(3.5)1.44%
First Community Mortgage-0.01%(3.5)0.62%
Regions Bank0.00%(3.5)19.59%
Wells Fargo Bank0.04%(3.5)4.54%
Quicken Loans0.06%(3.0)14.43%
Mr. Cooper0.10%(3.0)1.65%
FirstBank TN0.10%(3.0)10.52%
Simmons Bank0.15%(3.0)7.63%
Lender NameRate DifferenceRate RatingMarket Share
Guaranty Home Mortgage Corporation-0.11%(4.0)6.83%
Leaders Credit Union-0.03%(3.5)19.78%
First Community Mortgage-0.03%(3.5)11.15%
Regions Bank-0.02%(3.5)10.61%
BancorpSouth Bank-0.01%(3.5)2.16%
Simmons Bank-0.01%(3.5)4.32%
Mortgage Investors Group0.01%(3.5)19.42%
Quicken Loans0.01%(3.5)13.31%
Wells Fargo Bank0.05%(3.0)0.36%
New American Funding0.06%(3.0)2.16%
Mr. Cooper0.07%(3.0)1.98%
FirstBank TN0.17%(2.5)6.47%
Lender NameRate DifferenceRate RatingMarket Share
Guaranty Home Mortgage Corporation-0.13%(4.0)7.56%
First Community Mortgage-0.03%(3.5)12.74%
Leaders Credit Union-0.03%(3.5)20.30%
Regions Bank-0.02%(3.5)12.10%
BancorpSouth Bank-0.02%(3.5)2.59%
Simmons Bank-0.01%(3.5)4.97%
Mortgage Investors Group0.01%(3.5)22.89%
Mr. Cooper0.03%(3.5)0.65%
New American Funding0.06%(3.0)2.38%
Wells Fargo Bank0.06%(3.0)0.22%
Quicken Loans0.09%(3.0)5.62%
FirstBank TN0.17%(2.5)7.34%
Lender NameRate DifferenceRate RatingMarket Share
Leaders Credit Union-0.05%(4.0)17.20%
Quicken Loans-0.02%(3.5)51.61%
Simmons Bank0.03%(3.5)1.08%
Regions Bank0.03%(3.5)3.23%
Guaranty Home Mortgage Corporation0.03%(3.5)3.23%
Mortgage Investors Group0.03%(3.5)2.15%
First Community Mortgage0.04%(3.5)3.23%
Wells Fargo Bank0.05%(3.5)1.08%
FirstBank TN0.06%(3.0)2.15%
New American Funding0.07%(3.0)1.08%
Mr. Cooper0.09%(3.0)8.60%
Lender NameRate DifferenceRate RatingMarket Share
FirstBank TN-0.00%(3.5)25.00%
Regions Bank-0.00%(3.5)50.00%
Simmons Bank0.00%(3.5)25.00%
Lender NameRate DifferenceRate RatingMarket Share
Regions Bank-0.01%(3.5)50.00%
Simmons Bank0.01%(3.5)50.00%
Lender NameRate DifferenceRate RatingMarket Share
FirstBank TN-0.00%(3.5)50.00%
Regions Bank0.00%(3.5)50.00%
Lender NameRate DifferenceRate RatingMarket Share
Regions Bank-0.03%(3.5)11.39%
Mortgage Investors Group-0.03%(3.5)16.46%
Simmons Bank-0.02%(3.5)5.70%
BancorpSouth Bank-0.01%(3.5)3.80%
Wells Fargo Bank-0.00%(3.5)3.80%
New American Funding0.01%(3.5)1.27%
Guaranty Home Mortgage Corporation0.01%(3.5)6.33%
First Community Mortgage0.01%(3.5)9.49%
Mr. Cooper0.03%(3.5)3.80%
FirstBank TN0.03%(3.5)2.53%
Quicken Loans0.07%(3.0)16.46%
Lender NameRate DifferenceRate RatingMarket Share
Regions Bank-0.03%(3.5)14.17%
Mortgage Investors Group-0.03%(3.5)20.83%
Simmons Bank-0.01%(3.5)7.50%
BancorpSouth Bank-0.00%(3.5)4.17%
Wells Fargo Bank0.01%(3.5)5.00%
New American Funding0.02%(3.5)1.67%
Guaranty Home Mortgage Corporation0.02%(3.5)8.33%
First Community Mortgage0.02%(3.5)12.50%
FirstBank TN0.04%(3.5)3.33%
Mr. Cooper0.04%(3.5)3.33%
Quicken Loans0.09%(3.0)5.00%
Lender NameRate DifferenceRate RatingMarket Share
BancorpSouth Bank-0.04%(3.5)2.63%
Mortgage Investors Group-0.01%(3.5)2.63%
Mr. Cooper-0.01%(3.5)5.26%
Regions Bank-0.01%(3.5)2.63%
Quicken Loans0.04%(3.5)52.63%

* Data is compiled for the Jackson, TN commuting zone area, which comprises of counties of Chester County, TN, Crockett County, TN, Decatur County, TN, Gibson County, TN, Hardeman County, TN, Haywood County, TN, Henderson County, TN, and Madison County, TN. This includes cities/towns/communities of Jackson, TN as well as Medina, TN, Lexington, TN, Henderson, TN, Milan, TN, Brownsville, TN, Enville, TN, Humboldt, TN, Trenton, TN, Parsons, TN, Three Way, TN, Bolivar, TN, Alamo, TN, Middleton, TN, Parkers Crossroads, TN, Chesterfield, TN, Bells, TN, Scotts Hill, TN, Dyer, TN, Scotts Hill, TN, Medon, TN, Whiteville, TN, Bradford, TN, Gibson, TN, Toone, TN, Gadsden, TN, Rutherford, TN, Stanton, TN, Grand Junction, TN, Friendship, TN, Decaturville, TN, Maury City, TN, and Yorkville, TN. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.

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