Top Mortgage Lenders in Cleveland, TN

Which mortgage lender in the Cleveland, 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 Cleveland, 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 Cleveland, TN area in terms of interest rate is First Citizens National Bank, with an average “Rate Difference” of -0.13%. This means that, comparing similar borrowers, First Citizens National Bank provided a -0.13% lower interest rate for its customers than other lenders in the area. First Citizens National Bank has a market share of 13.9%. It is the most popular lender in the Cleveland, TN area.

Our detailed ranking of mortgage lenders in the Cleveland, 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 Cleveland, TN is First Citizens National 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 Quicken Loans. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is First Citizens National Bank. The cheapest VA mortgage provider is loanDepot. 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 Cleveland, TN

Mortgage Type:
Lender NameRate DifferenceRate RatingMarket Share
First Citizens National Bank-0.13%(4.0)13.95%
Wells Fargo Bank-0.08%(4.0)2.09%
Home Point Financial Corporation-0.05%(4.0)3.22%
Movement Mortgage-0.02%(3.5)3.52%
Member First Mortgage-0.01%(3.5)3.28%
Gateway First Bank-0.01%(3.5)2.62%
BancorpSouth Bank-0.01%(3.5)2.98%
Caliber Home Loans-0.00%(3.5)2.68%
Mortgage Investors Group0.00%(3.5)5.42%
Truist Bank0.01%(3.5)2.32%
FirstBank TN0.02%(3.5)2.26%
United Community Bank0.02%(3.5)7.15%
Regions Bank0.02%(3.5)6.32%
CMG Financial0.02%(3.5)6.32%
First Community Mortgage0.03%(3.5)2.68%
Quicken Loans0.03%(3.5)13.41%
Freedom Mortgage Corporation0.06%(3.0)2.15%
Mr. Cooper0.07%(3.0)2.09%
Tennessee Valley Federal Credit Union0.11%(3.0)6.26%
Cardinal Financial Company0.16%(2.5)3.58%
Lender NameRate DifferenceRate RatingMarket Share
First Citizens National Bank-0.14%(4.0)14.96%
Wells Fargo Bank-0.09%(4.0)2.82%
Home Point Financial Corporation-0.06%(4.0)3.57%
Regions Bank-0.05%(4.0)4.99%
Member First Mortgage-0.01%(3.5)4.05%
BancorpSouth Bank-0.00%(3.5)4.61%
Gateway First Bank0.00%(3.5)2.92%
Caliber Home Loans0.01%(3.5)3.29%
Movement Mortgage0.01%(3.5)4.42%
Mortgage Investors Group0.01%(3.5)7.71%
FirstBank TN0.02%(3.5)2.35%
Truist Bank0.03%(3.5)2.73%
CMG Financial0.03%(3.5)9.69%
United Community Bank0.05%(3.5)9.50%
First Community Mortgage0.05%(3.5)3.01%
Quicken Loans0.06%(3.0)5.93%
Freedom Mortgage Corporation0.07%(3.0)1.79%
Mr. Cooper0.08%(3.0)0.75%
Tennessee Valley Federal Credit Union0.12%(3.0)3.01%
Cardinal Financial Company0.20%(2.5)4.70%
Lender NameRate DifferenceRate RatingMarket Share
Movement Mortgage-0.12%(4.0)1.95%
United Community Bank-0.10%(4.0)3.09%
First Citizens National Bank-0.10%(4.0)12.20%
Gateway First Bank-0.06%(4.0)2.11%
Mortgage Investors Group-0.05%(3.5)1.46%
Home Point Financial Corporation-0.03%(3.5)2.60%
Caliber Home Loans-0.03%(3.5)1.63%
Member First Mortgage-0.02%(3.5)1.95%
Truist Bank-0.02%(3.5)1.63%
First Community Mortgage-0.01%(3.5)2.11%
BancorpSouth Bank-0.00%(3.5)0.16%
Wells Fargo Bank0.00%(3.5)0.81%
Cardinal Financial Company0.01%(3.5)1.63%
Quicken Loans0.01%(3.5)26.34%
FirstBank TN0.01%(3.5)2.11%
CMG Financial0.02%(3.5)0.49%
Freedom Mortgage Corporation0.04%(3.5)2.76%
Mr. Cooper0.05%(3.0)4.39%
Regions Bank0.10%(3.0)8.62%
Tennessee Valley Federal Credit Union0.10%(3.0)11.87%
Lender NameRate DifferenceRate RatingMarket Share
First Citizens National Bank-0.10%(4.0)15.43%
Wells Fargo Bank-0.10%(4.0)3.18%
Gateway First Bank-0.06%(4.0)2.22%
Movement Mortgage-0.05%(4.0)4.15%
Home Point Financial Corporation-0.04%(3.5)2.51%
Member First Mortgage-0.02%(3.5)2.51%
Mortgage Investors Group-0.02%(3.5)3.47%
Caliber Home Loans-0.00%(3.5)1.45%
Truist Bank0.00%(3.5)3.57%
CMG Financial0.00%(3.5)3.95%
FirstBank TN0.01%(3.5)3.28%
Freedom Mortgage Corporation0.01%(3.5)0.48%
First Community Mortgage0.01%(3.5)1.45%
Regions Bank0.02%(3.5)9.35%
United Community Bank0.03%(3.5)8.39%
Quicken Loans0.04%(3.5)13.50%
BancorpSouth Bank0.08%(3.0)2.31%
Mr. Cooper0.09%(3.0)1.45%
Tennessee Valley Federal Credit Union0.10%(3.0)10.13%
Cardinal Financial Company0.10%(3.0)2.70%
Lender NameRate DifferenceRate RatingMarket Share
Wells Fargo Bank-0.11%(4.0)4.85%
First Citizens National Bank-0.09%(4.0)15.60%
Regions Bank-0.07%(4.0)7.63%
Gateway First Bank-0.04%(3.5)2.25%
Home Point Financial Corporation-0.04%(3.5)3.29%
Movement Mortgage-0.02%(3.5)5.37%
Member First Mortgage-0.02%(3.5)3.47%
Freedom Mortgage Corporation-0.01%(3.5)0.35%
Mortgage Investors Group-0.01%(3.5)5.03%
Mr. Cooper-0.00%(3.5)0.17%
FirstBank TN0.01%(3.5)3.81%
CMG Financial0.01%(3.5)6.59%
Truist Bank0.02%(3.5)4.85%
Caliber Home Loans0.02%(3.5)1.91%
First Community Mortgage0.05%(3.5)1.21%
United Community Bank0.07%(3.0)11.79%
Quicken Loans0.07%(3.0)5.72%
BancorpSouth Bank0.09%(3.0)4.16%
Tennessee Valley Federal Credit Union0.11%(3.0)5.55%
Cardinal Financial Company0.14%(3.0)3.64%
Lender NameRate DifferenceRate RatingMarket Share
Movement Mortgage-0.12%(4.0)2.61%
First Citizens National Bank-0.11%(4.0)15.22%
United Community Bank-0.10%(4.0)4.13%
Gateway First Bank-0.07%(4.0)2.17%
Mortgage Investors Group-0.07%(4.0)1.52%
Caliber Home Loans-0.04%(3.5)0.87%
Member First Mortgage-0.04%(3.5)1.30%
Home Point Financial Corporation-0.03%(3.5)1.52%
Truist Bank-0.02%(3.5)1.96%
First Community Mortgage-0.02%(3.5)1.74%
Wells Fargo Bank-0.00%(3.5)1.09%
Cardinal Financial Company0.00%(3.5)1.52%
FirstBank TN0.01%(3.5)2.61%
CMG Financial0.01%(3.5)0.65%
Freedom Mortgage Corporation0.02%(3.5)0.65%
Quicken Loans0.02%(3.5)23.26%
Regions Bank0.09%(3.0)11.52%
Tennessee Valley Federal Credit Union0.09%(3.0)15.87%
Mr. Cooper0.09%(3.0)3.04%
Lender NameRate DifferenceRate RatingMarket Share
First Citizens National Bank-0.24%(4.5)12.10%
BancorpSouth Bank-0.10%(4.0)4.44%
Home Point Financial Corporation-0.08%(4.0)4.03%
Regions Bank-0.04%(3.5)1.41%
United Community Bank-0.01%(3.5)6.05%
Member First Mortgage0.01%(3.5)5.04%
Caliber Home Loans0.01%(3.5)5.44%
Quicken Loans0.02%(3.5)12.50%
Mortgage Investors Group0.03%(3.5)9.68%
FirstBank TN0.03%(3.5)0.40%
Gateway First Bank0.04%(3.5)2.42%
CMG Financial0.06%(3.0)9.88%
First Community Mortgage0.06%(3.0)5.04%
Mr. Cooper0.06%(3.0)3.63%
Movement Mortgage0.07%(3.0)2.42%
Freedom Mortgage Corporation0.09%(3.0)4.23%
Cardinal Financial Company0.24%(2.5)6.05%
Lender NameRate DifferenceRate RatingMarket Share
First Citizens National Bank-0.25%(5.0)14.25%
BancorpSouth Bank-0.10%(4.0)5.25%
Home Point Financial Corporation-0.10%(4.0)3.75%
Regions Bank-0.04%(3.5)1.75%
United Community Bank-0.00%(3.5)7.50%
Member First Mortgage0.01%(3.5)5.75%
Caliber Home Loans0.02%(3.5)5.75%
Mortgage Investors Group0.03%(3.5)11.75%
Gateway First Bank0.04%(3.5)3.00%
FirstBank TN0.05%(3.5)0.25%
Quicken Loans0.05%(3.0)5.50%
CMG Financial0.06%(3.0)12.25%
First Community Mortgage0.07%(3.0)5.50%
Movement Mortgage0.07%(3.0)3.00%
Freedom Mortgage Corporation0.11%(3.0)3.50%
Mr. Cooper0.12%(3.0)1.50%
Cardinal Financial Company0.27%(2.0)6.75%
Lender NameRate DifferenceRate RatingMarket Share
First Citizens National Bank-0.03%(3.5)3.12%
Home Point Financial Corporation-0.02%(3.5)5.21%
Quicken Loans-0.02%(3.5)41.67%
Caliber Home Loans-0.01%(3.5)4.17%
First Community Mortgage0.01%(3.5)3.12%
FirstBank TN0.01%(3.5)1.04%
BancorpSouth Bank0.01%(3.5)1.04%
Member First Mortgage0.02%(3.5)2.08%
Mr. Cooper0.02%(3.5)12.50%
Cardinal Financial Company0.03%(3.5)3.12%
Mortgage Investors Group0.03%(3.5)1.04%
Freedom Mortgage Corporation0.05%(3.5)7.29%
Lender NameRate DifferenceRate RatingMarket Share
Quicken Loans-0.00%(3.5)50.00%
First Citizens National Bank0.00%(3.5)50.00%
Lender NameRate DifferenceRate RatingMarket Share
First Citizens National Bank0.00%(3.5)100.00%
Lender NameRate DifferenceRate RatingMarket Share
Quicken Loans0.00%(3.5)100.00%
Lender NameRate DifferenceRate RatingMarket Share
First Citizens National Bank-0.03%(3.5)9.09%
Caliber Home Loans-0.02%(3.5)2.10%
Home Point Financial Corporation-0.02%(3.5)5.59%
Member First Mortgage-0.02%(3.5)2.80%
United Community Bank-0.01%(3.5)2.10%
BancorpSouth Bank-0.01%(3.5)2.80%
First Community Mortgage-0.01%(3.5)3.50%
Truist Bank-0.01%(3.5)1.40%
Wells Fargo Bank-0.01%(3.5)1.40%
Regions Bank-0.00%(3.5)1.40%
FirstBank TN0.00%(3.5)1.40%
CMG Financial0.00%(3.5)11.19%
Mortgage Investors Group0.01%(3.5)4.90%
Mr. Cooper0.02%(3.5)1.40%
Gateway First Bank0.02%(3.5)6.29%
Movement Mortgage0.02%(3.5)2.80%
Quicken Loans0.02%(3.5)15.38%
Cardinal Financial Company0.04%(3.5)1.40%
Freedom Mortgage Corporation0.05%(3.5)6.99%
Lender NameRate DifferenceRate RatingMarket Share
First Citizens National Bank-0.04%(3.5)12.94%
First Community Mortgage-0.03%(3.5)3.53%
Truist Bank-0.02%(3.5)1.18%
Caliber Home Loans-0.02%(3.5)1.18%
United Community Bank-0.02%(3.5)3.53%
BancorpSouth Bank-0.01%(3.5)4.71%
Wells Fargo Bank-0.01%(3.5)2.35%
Home Point Financial Corporation-0.01%(3.5)4.71%
Regions Bank-0.00%(3.5)2.35%
FirstBank TN0.00%(3.5)2.35%
CMG Financial0.00%(3.5)18.82%
Mortgage Investors Group0.01%(3.5)7.06%
Freedom Mortgage Corporation0.01%(3.5)3.53%
Quicken Loans0.01%(3.5)9.41%
Mr. Cooper0.02%(3.5)1.18%
Movement Mortgage0.02%(3.5)4.71%
Gateway First Bank0.03%(3.5)7.06%
Cardinal Financial Company0.04%(3.5)2.35%
Lender NameRate DifferenceRate RatingMarket Share
Home Point Financial Corporation-0.04%(3.5)6.90%
Caliber Home Loans-0.03%(3.5)3.45%
Member First Mortgage-0.01%(3.5)6.90%
First Citizens National Bank-0.01%(3.5)3.45%
Gateway First Bank-0.01%(3.5)5.17%
Mortgage Investors Group-0.00%(3.5)1.72%
Truist Bank0.01%(3.5)1.72%
Mr. Cooper0.02%(3.5)1.72%
First Community Mortgage0.02%(3.5)3.45%
Quicken Loans0.03%(3.5)24.14%
Freedom Mortgage Corporation0.07%(3.0)12.07%

* Data is compiled for the Cleveland, TN commuting zone area, which comprises of counties of Bradley County, TN, McMinn County, TN, Meigs County, TN, and Polk County, TN. This includes cities/towns/communities of Cleveland, TN as well as Athens, TN, South Cleveland, TN, Etowah, TN, Charleston, TN, Wildwood Lake, TN, Riceville, TN, Hopewell, TN, Benton, TN, Decatur, TN, Ducktown, TN, and Englewood, 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

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