Which mortgage lender in the Cookeville, TN area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Cookeville, 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 Cookeville, TN area in terms of interest rate is US Bank, with an average “Rate Difference” of -0.09%. This means that, comparing similar borrowers, US Bank provided a -0.09% lower interest rate for its customers than other lenders in the area. US Bank has a market share of 6.8%. On the other hand, the most popular lender in the Cookeville, TN area is Quicken Loans, with a larger market share of 16.8%. Quicken Loans is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.04% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Cookeville, 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 Cookeville, TN is US Bank. 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 Farm Credit Mid-America. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Wilson Bank And Trust. The cheapest VA mortgage provider is Mortgage Investors Group. 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 Cookeville, TN
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.09% | 6.82% | |
| Wilson Bank And Trust | -0.06% | 10.10% | |
| Guaranty Home Mortgage Corporation | -0.05% | 2.11% | |
| Origin Bank | -0.04% | 2.59% | |
| Mortgage Investors Group | -0.03% | 14.53% | |
| First National Bank of Middle Tennessee | -0.02% | 7.57% | |
| Renasant Bank | -0.01% | 4.16% | |
| loanDepot | -0.01% | 4.23% | |
| First Community Mortgage | 0.01% | 2.32% | |
| Premier Nationwide Lending | 0.02% | 12.55% | |
| FirstBank TN | 0.04% | 4.16% | |
| Quicken Loans | 0.04% | 16.78% | |
| Regions Bank | 0.08% | 6.28% | |
| Farm Credit Mid-America | 0.09% | 2.52% | |
| Guaranty Mortgage Services | 0.11% | 3.27% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.11% | 5.33% | |
| Wilson Bank And Trust | -0.07% | 13.82% | |
| Guaranty Home Mortgage Corporation | -0.06% | 2.29% | |
| Mortgage Investors Group | -0.03% | 18.93% | |
| Renasant Bank | -0.01% | 3.37% | |
| First Community Mortgage | 0.01% | 2.83% | |
| Regions Bank | 0.01% | 4.24% | |
| First National Bank of Middle Tennessee | 0.01% | 8.05% | |
| loanDepot | 0.01% | 2.94% | |
| Origin Bank | 0.01% | 1.74% | |
| Premier Nationwide Lending | 0.04% | 16.54% | |
| FirstBank TN | 0.04% | 3.70% | |
| Quicken Loans | 0.05% | 8.60% | |
| Guaranty Mortgage Services | 0.13% | 4.79% | |
| Farm Credit Mid-America | 0.14% | 2.83% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Origin Bank | -0.08% | 4.02% | |
| US Bank | -0.08% | 9.32% | |
| First National Bank of Middle Tennessee | -0.06% | 6.76% | |
| Premier Nationwide Lending | -0.06% | 5.85% | |
| loanDepot | -0.03% | 6.40% | |
| Mortgage Investors Group | -0.02% | 7.13% | |
| Renasant Bank | -0.02% | 5.48% | |
| Guaranty Home Mortgage Corporation | -0.02% | 1.83% | |
| Wilson Bank And Trust | -0.01% | 3.84% | |
| Farm Credit Mid-America | -0.01% | 2.01% | |
| First Community Mortgage | 0.01% | 1.46% | |
| Guaranty Mortgage Services | 0.02% | 0.73% | |
| Quicken Loans | 0.03% | 30.53% | |
| FirstBank TN | 0.03% | 4.94% | |
| Regions Bank | 0.13% | 9.69% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.10% | 9.50% | |
| Wilson Bank And Trust | -0.05% | 11.85% | |
| First National Bank of Middle Tennessee | -0.05% | 6.84% | |
| Mortgage Investors Group | -0.04% | 12.87% | |
| Origin Bank | -0.04% | 3.68% | |
| Guaranty Home Mortgage Corporation | -0.02% | 1.33% | |
| Premier Nationwide Lending | -0.01% | 10.42% | |
| Renasant Bank | -0.01% | 3.98% | |
| loanDepot | -0.00% | 2.86% | |
| First Community Mortgage | 0.00% | 1.74% | |
| FirstBank TN | 0.05% | 3.88% | |
| Quicken Loans | 0.07% | 15.42% | |
| Regions Bank | 0.08% | 8.78% | |
| Farm Credit Mid-America | 0.09% | 3.68% | |
| Guaranty Mortgage Services | 0.11% | 3.17% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.13% | 7.58% | |
| Wilson Bank And Trust | -0.05% | 17.33% | |
| Mortgage Investors Group | -0.04% | 16.97% | |
| Guaranty Home Mortgage Corporation | -0.03% | 1.08% | |
| First National Bank of Middle Tennessee | -0.03% | 6.14% | |
| First Community Mortgage | 0.00% | 2.17% | |
| Regions Bank | 0.01% | 6.14% | |
| Origin Bank | 0.01% | 2.53% | |
| Renasant Bank | 0.02% | 2.89% | |
| loanDepot | 0.02% | 2.17% | |
| Premier Nationwide Lending | 0.02% | 13.54% | |
| FirstBank TN | 0.06% | 3.43% | |
| Quicken Loans | 0.09% | 8.66% | |
| Guaranty Mortgage Services | 0.13% | 4.87% | |
| Farm Credit Mid-America | 0.15% | 4.51% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Origin Bank | -0.08% | 5.18% | |
| US Bank | -0.08% | 12.00% | |
| Premier Nationwide Lending | -0.07% | 6.35% | |
| First National Bank of Middle Tennessee | -0.07% | 7.76% | |
| Mortgage Investors Group | -0.03% | 7.53% | |
| Renasant Bank | -0.03% | 5.41% | |
| Guaranty Home Mortgage Corporation | -0.02% | 1.65% | |
| loanDepot | -0.02% | 3.76% | |
| Wilson Bank And Trust | -0.01% | 4.71% | |
| Farm Credit Mid-America | -0.01% | 2.59% | |
| First Community Mortgage | 0.01% | 1.18% | |
| Guaranty Mortgage Services | 0.02% | 0.94% | |
| FirstBank TN | 0.03% | 4.47% | |
| Quicken Loans | 0.05% | 24.24% | |
| Regions Bank | 0.13% | 12.24% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wilson Bank And Trust | -0.15% | 7.04% | |
| Guaranty Home Mortgage Corporation | -0.10% | 3.52% | |
| Renasant Bank | -0.03% | 2.64% | |
| Quicken Loans | -0.02% | 20.53% | |
| Mortgage Investors Group | -0.01% | 17.89% | |
| loanDepot | -0.00% | 6.45% | |
| Origin Bank | 0.00% | 0.29% | |
| First Community Mortgage | 0.00% | 2.93% | |
| Regions Bank | 0.01% | 0.88% | |
| US Bank | 0.02% | 0.59% | |
| FirstBank TN | 0.02% | 6.16% | |
| First National Bank of Middle Tennessee | 0.04% | 10.26% | |
| Premier Nationwide Lending | 0.05% | 17.01% | |
| Guaranty Mortgage Services | 0.15% | 3.81% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wilson Bank And Trust | -0.15% | 9.13% | |
| Guaranty Home Mortgage Corporation | -0.11% | 4.18% | |
| Renasant Bank | -0.04% | 2.66% | |
| Mortgage Investors Group | -0.01% | 21.67% | |
| Quicken Loans | -0.01% | 8.75% | |
| loanDepot | -0.00% | 4.94% | |
| First Community Mortgage | -0.00% | 3.42% | |
| Regions Bank | -0.00% | 0.76% | |
| Origin Bank | -0.00% | 0.38% | |
| FirstBank TN | 0.01% | 5.32% | |
| US Bank | 0.02% | 0.76% | |
| First National Bank of Middle Tennessee | 0.04% | 12.55% | |
| Premier Nationwide Lending | 0.05% | 20.53% | |
| Guaranty Mortgage Services | 0.15% | 4.94% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.01% | 60.26% | |
| First National Bank of Middle Tennessee | -0.01% | 2.56% | |
| Renasant Bank | -0.00% | 2.56% | |
| loanDepot | 0.01% | 11.54% | |
| Guaranty Home Mortgage Corporation | 0.01% | 1.28% | |
| Premier Nationwide Lending | 0.03% | 5.13% | |
| Mortgage Investors Group | 0.03% | 5.13% | |
| First Community Mortgage | 0.03% | 1.28% | |
| Regions Bank | 0.03% | 1.28% | |
| FirstBank TN | 0.05% | 8.97% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Farm Credit Mid-America | 0.00% | 100.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Farm Credit Mid-America | 0.00% | 100.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Mortgage Investors Group | -0.05% | 17.93% | |
| loanDepot | -0.04% | 8.28% | |
| Renasant Bank | -0.02% | 8.97% | |
| US Bank | -0.02% | 3.45% | |
| Regions Bank | -0.01% | 2.07% | |
| Guaranty Home Mortgage Corporation | -0.01% | 4.14% | |
| Wilson Bank And Trust | 0.00% | 5.52% | |
| Origin Bank | 0.00% | 0.69% | |
| FirstBank TN | 0.01% | 1.38% | |
| First National Bank of Middle Tennessee | 0.01% | 6.21% | |
| First Community Mortgage | 0.01% | 4.83% | |
| Guaranty Mortgage Services | 0.03% | 2.76% | |
| Quicken Loans | 0.04% | 17.24% | |
| Premier Nationwide Lending | 0.04% | 16.55% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Mortgage Investors Group | -0.06% | 22.77% | |
| Renasant Bank | -0.03% | 7.92% | |
| US Bank | -0.01% | 4.95% | |
| Regions Bank | -0.01% | 2.97% | |
| Guaranty Home Mortgage Corporation | 0.00% | 3.96% | |
| Wilson Bank And Trust | 0.01% | 6.93% | |
| Origin Bank | 0.01% | 0.99% | |
| First National Bank of Middle Tennessee | 0.01% | 6.93% | |
| FirstBank TN | 0.01% | 0.99% | |
| First Community Mortgage | 0.01% | 4.95% | |
| loanDepot | 0.02% | 1.98% | |
| Quicken Loans | 0.02% | 7.92% | |
| Guaranty Mortgage Services | 0.03% | 3.96% | |
| Premier Nationwide Lending | 0.05% | 22.77% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| loanDepot | -0.06% | 22.73% | |
| Guaranty Home Mortgage Corporation | -0.03% | 4.55% | |
| Wilson Bank And Trust | -0.02% | 2.27% | |
| Renasant Bank | -0.01% | 11.36% | |
| FirstBank TN | -0.01% | 2.27% | |
| First National Bank of Middle Tennessee | 0.00% | 4.55% | |
| Mortgage Investors Group | 0.00% | 6.82% | |
| Premier Nationwide Lending | 0.01% | 2.27% | |
| First Community Mortgage | 0.01% | 4.55% | |
| Quicken Loans | 0.04% | 38.64% |
* Data is compiled for the Cookeville, TN commuting zone area, which comprises of counties of Clay County, TN, DeKalb County, TN, Jackson County, TN, Overton County, TN, Putnam County, TN, Van Buren County, TN, Warren County, TN, and White County, TN. This includes cities/towns/communities of Cookeville, TN as well as McMinnville, TN, Algood, TN, Baxter, TN, Smithville, TN, Sparta, TN, Alexandria, TN, Morrison, TN, Monterey, TN, Dodson Branch, TN, Livingston, TN, Spencer, TN, Doyle, TN, Centertown, TN, Celina, TN, and Gainesboro, 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.
Mortgage Lender Rankings in Other Cities
This page contains information about the top mortgage lenders in the Cookeville, TN area. For mortgage lender rankings in other cities, click here.