Which mortgage lender in the Morristown, 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 Morristown, 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 Morristown, TN area in terms of interest rate is Knoxville TVA Employees Credit Union, with an average “Rate Difference” of -0.34%. This means that, comparing similar borrowers, Knoxville TVA Employees Credit Union provided a -0.34% lower interest rate for its customers than other lenders in the area. Knoxville TVA Employees Credit Union has a market share of 7.7%. On the other hand, the most popular lender in the Morristown, TN area is Mortgage Investors Group, with a larger market share of 23.5%. Mortgage Investors Group is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.02% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Morristown, 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 Morristown, TN is Knoxville TVA Employees 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 Wells Fargo Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Mortgage Investors Group. The cheapest VA mortgage provider is Navy Federal Credit Union. 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 Morristown, TN
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Mortgage Investors Group | -0.08% | 32.30% | |
| Guaranty Home Mortgage Corporation | -0.08% | 4.74% | |
| FirstBank TN | -0.03% | 0.89% | |
| CMG Financial | -0.02% | 9.04% | |
| Quicken Loans | -0.02% | 10.96% | |
| Home Point Financial Corporation | -0.00% | 1.93% | |
| PennyMac Loan Services | 0.01% | 1.19% | |
| Crescent Mortgage Company | 0.01% | 0.30% | |
| US Bank | 0.02% | 1.19% | |
| Regions Bank | 0.02% | 0.74% | |
| Movement Mortgage | 0.02% | 1.48% | |
| NewRez | 0.02% | 2.07% | |
| Carrington Mortgage Services | 0.03% | 2.96% | |
| Academy Mortgage Corporation Utah | 0.03% | 2.37% | |
| Bank of England AR | 0.03% | 1.78% | |
| Benchmark | 0.04% | 1.04% | |
| Caliber Home Loans | 0.05% | 1.19% | |
| Integrity Mortgage Group | 0.07% | 0.59% | |
| Mr. Cooper | 0.07% | 2.67% | |
| Gateway First Bank | 0.09% | 4.00% | |
| loanDepot | 0.10% | 1.63% | |
| Bay Equity Home Loans | 0.12% | 2.96% | |
| New American Funding | 0.13% | 5.48% | |
| Cardinal Financial Company | 0.19% | 6.52% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Mortgage Investors Group | -0.09% | 40.98% | |
| FirstBank TN | -0.04% | 0.98% | |
| Guaranty Home Mortgage Corporation | -0.03% | 3.14% | |
| CMG Financial | -0.03% | 10.98% | |
| Home Point Financial Corporation | -0.01% | 1.37% | |
| PennyMac Loan Services | -0.01% | 0.39% | |
| Crescent Mortgage Company | 0.01% | 0.39% | |
| US Bank | 0.01% | 1.37% | |
| Movement Mortgage | 0.02% | 1.96% | |
| Regions Bank | 0.02% | 0.78% | |
| Carrington Mortgage Services | 0.02% | 0.78% | |
| Academy Mortgage Corporation Utah | 0.03% | 3.14% | |
| Bank of England AR | 0.03% | 1.76% | |
| Benchmark | 0.04% | 1.37% | |
| loanDepot | 0.04% | 0.78% | |
| Caliber Home Loans | 0.05% | 1.57% | |
| Mr. Cooper | 0.06% | 1.18% | |
| Quicken Loans | 0.06% | 4.31% | |
| Integrity Mortgage Group | 0.06% | 0.78% | |
| NewRez | 0.08% | 0.78% | |
| Gateway First Bank | 0.09% | 4.71% | |
| Bay Equity Home Loans | 0.13% | 3.14% | |
| New American Funding | 0.14% | 6.08% | |
| Cardinal Financial Company | 0.22% | 7.25% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Guaranty Home Mortgage Corporation | -0.12% | 9.70% | |
| Quicken Loans | -0.04% | 31.52% | |
| NewRez | 0.01% | 6.06% | |
| Home Point Financial Corporation | 0.02% | 3.64% | |
| PennyMac Loan Services | 0.02% | 3.64% | |
| Gateway First Bank | 0.02% | 1.82% | |
| Regions Bank | 0.02% | 0.61% | |
| Mortgage Investors Group | 0.03% | 5.45% | |
| FirstBank TN | 0.03% | 0.61% | |
| US Bank | 0.03% | 0.61% | |
| Carrington Mortgage Services | 0.03% | 9.70% | |
| Cardinal Financial Company | 0.03% | 4.24% | |
| Bank of England AR | 0.04% | 1.82% | |
| Bay Equity Home Loans | 0.05% | 2.42% | |
| CMG Financial | 0.06% | 3.03% | |
| New American Funding | 0.07% | 3.64% | |
| Mr. Cooper | 0.07% | 7.27% | |
| loanDepot | 0.13% | 4.24% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.07% | 16.67% | |
| US Bank | -0.01% | 16.67% | |
| NewRez | 0.00% | 2.38% | |
| ORNL Federal Credit Union | 0.00% | 7.14% | |
| Regions Bank | 0.00% | 4.76% | |
| JPMorgan Chase Bank | 0.00% | 9.52% | |
| Farm Credit Mid-America | 0.01% | 2.38% | |
| Quicken Loans | 0.01% | 4.76% | |
| First Horizon Bank | 0.01% | 14.29% | |
| CMG Financial | 0.01% | 2.38% | |
| Mortgage Investors Group | 0.04% | 11.90% | |
| Caliber Home Loans | 0.07% | 7.14% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.07% | 20.59% | |
| US Bank | -0.02% | 14.71% | |
| NewRez | 0.00% | 2.94% | |
| JPMorgan Chase Bank | 0.00% | 5.88% | |
| Regions Bank | 0.00% | 5.88% | |
| Farm Credit Mid-America | 0.01% | 2.94% | |
| First Horizon Bank | 0.01% | 11.76% | |
| Quicken Loans | 0.01% | 5.88% | |
| CMG Financial | 0.01% | 2.94% | |
| ORNL Federal Credit Union | 0.02% | 2.94% | |
| Mortgage Investors Group | 0.04% | 14.71% | |
| Caliber Home Loans | 0.08% | 8.82% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| ORNL Federal Credit Union | -0.01% | 25.00% | |
| US Bank | -0.00% | 25.00% | |
| JPMorgan Chase Bank | -0.00% | 25.00% | |
| First Horizon Bank | 0.01% | 25.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.14% | 8.46% | |
| Mortgage Investors Group | -0.06% | 11.29% | |
| Guaranty Home Mortgage Corporation | -0.05% | 5.02% | |
| loanDepot | -0.04% | 7.21% | |
| PennyMac Loan Services | -0.04% | 5.96% | |
| Home Point Financial Corporation | -0.02% | 1.88% | |
| Regions Bank | -0.01% | 0.63% | |
| Carrington Mortgage Services | -0.00% | 2.51% | |
| Caliber Home Loans | 0.00% | 1.88% | |
| USAA | 0.00% | 6.90% | |
| SunTrust Bank | 0.01% | 0.31% | |
| FirstBank TN | 0.01% | 0.31% | |
| US Bank | 0.01% | 0.31% | |
| Truist Bank | 0.01% | 0.94% | |
| JPMorgan Chase Bank | 0.01% | 0.31% | |
| Crescent Mortgage Company | 0.01% | 2.19% | |
| Integrity Mortgage Group | 0.01% | 0.31% | |
| Academy Mortgage Corporation Utah | 0.01% | 2.19% | |
| Movement Mortgage | 0.02% | 2.19% | |
| Wells Fargo Bank | 0.02% | 0.63% | |
| Bay Equity Home Loans | 0.03% | 0.31% | |
| Quicken Loans | 0.04% | 11.29% | |
| NewRez | 0.04% | 1.57% | |
| Mr. Cooper | 0.04% | 1.25% | |
| New American Funding | 0.05% | 2.51% | |
| Benchmark | 0.05% | 5.33% | |
| Gateway First Bank | 0.06% | 2.82% | |
| Cardinal Financial Company | 0.09% | 4.39% | |
| CMG Financial | 0.11% | 9.09% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.17% | 12.30% | |
| Mortgage Investors Group | -0.07% | 18.72% | |
| Home Point Financial Corporation | -0.01% | 0.53% | |
| PennyMac Loan Services | -0.01% | 1.60% | |
| Regions Bank | -0.01% | 1.07% | |
| Guaranty Home Mortgage Corporation | -0.01% | 3.74% | |
| Caliber Home Loans | -0.00% | 1.60% | |
| NewRez | 0.00% | 0.53% | |
| Truist Bank | 0.00% | 1.07% | |
| FirstBank TN | 0.00% | 0.53% | |
| US Bank | 0.00% | 0.53% | |
| JPMorgan Chase Bank | 0.01% | 0.53% | |
| Integrity Mortgage Group | 0.01% | 0.53% | |
| Academy Mortgage Corporation Utah | 0.01% | 2.67% | |
| USAA | 0.01% | 8.56% | |
| Crescent Mortgage Company | 0.02% | 2.14% | |
| Quicken Loans | 0.02% | 8.02% | |
| Bay Equity Home Loans | 0.02% | 0.53% | |
| Mr. Cooper | 0.04% | 1.07% | |
| Movement Mortgage | 0.04% | 2.14% | |
| loanDepot | 0.04% | 1.07% | |
| New American Funding | 0.05% | 3.74% | |
| Benchmark | 0.05% | 4.28% | |
| Gateway First Bank | 0.07% | 3.74% | |
| Cardinal Financial Company | 0.11% | 6.42% | |
| CMG Financial | 0.12% | 12.30% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Guaranty Home Mortgage Corporation | -0.08% | 6.82% | |
| loanDepot | -0.04% | 15.91% | |
| PennyMac Loan Services | -0.04% | 12.12% | |
| USAA | -0.02% | 4.55% | |
| Navy Federal Credit Union | -0.02% | 3.03% | |
| Home Point Financial Corporation | -0.01% | 3.79% | |
| Cardinal Financial Company | -0.00% | 1.52% | |
| Crescent Mortgage Company | -0.00% | 2.27% | |
| Movement Mortgage | 0.00% | 2.27% | |
| Carrington Mortgage Services | 0.00% | 6.06% | |
| Caliber Home Loans | 0.00% | 2.27% | |
| SunTrust Bank | 0.01% | 0.76% | |
| Academy Mortgage Corporation Utah | 0.01% | 1.52% | |
| Truist Bank | 0.01% | 0.76% | |
| Mortgage Investors Group | 0.02% | 0.76% | |
| Gateway First Bank | 0.02% | 1.52% | |
| Wells Fargo Bank | 0.03% | 1.52% | |
| New American Funding | 0.04% | 0.76% | |
| Mr. Cooper | 0.04% | 1.52% | |
| CMG Financial | 0.05% | 4.55% | |
| Quicken Loans | 0.05% | 15.91% | |
| NewRez | 0.06% | 3.03% | |
| Benchmark | 0.06% | 6.82% |
* Data is compiled for the Morristown, TN commuting zone area, which comprises of counties of Cocke County, TN, Grainger County, TN, Hamblen County, TN, Hancock County, TN, Jefferson County, TN, and Sevier County, TN. This includes cities/towns/communities of Morristown, TN as well as Sevierville, TN, Pigeon Forge, TN, Seymour, TN, Dandridge, TN, Gatlinburg, TN, Jefferson City, TN, Pittman Center, TN, Fairgarden, TN, Newport, TN, White Pine, TN, Bean Station, TN, Rutledge, TN, Blaine, TN, New Market, TN, Sneedville, TN, and Parrottsville, 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 Morristown, TN area. For mortgage lender rankings in other cities, click here.