Which mortgage lender in the Shelbyville, 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 Shelbyville, 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 Shelbyville, TN area in terms of interest rate is First National Bank of Middle Tennessee, with an average “Rate Difference” of -0.08%. This means that, comparing similar borrowers, First National Bank of Middle Tennessee provided a -0.08% lower interest rate for its customers than other lenders in the area. First National Bank of Middle Tennessee has a market share of 9.2%. On the other hand, the most popular lender in the Shelbyville, TN area is Quicken Loans, with a larger market share of 20.2%. 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 Shelbyville, 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 Shelbyville, TN is First National Bank of Middle Tennessee. 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 First Community Mortgage. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is First National Bank of Middle Tennessee. The cheapest VA mortgage provider is Ascend 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 Shelbyville, TN
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First National Bank of Middle Tennessee | -0.08% | 9.23% | |
| Ascend Federal Credit Union | -0.03% | 12.70% | |
| USAA | -0.03% | 2.31% | |
| FirstBank TN | -0.02% | 5.84% | |
| IBERIABANK | -0.01% | 2.17% | |
| First Community Mortgage | -0.00% | 16.43% | |
| loanDepot | -0.00% | 3.67% | |
| Stockton Mortgage | -0.00% | 4.48% | |
| US Bank | 0.00% | 4.28% | |
| CMG Financial | 0.00% | 5.30% | |
| Guaranty Home Mortgage Corporation | 0.01% | 2.38% | |
| Mortgage Investors Group | 0.02% | 2.58% | |
| Regions Bank | 0.04% | 3.87% | |
| Renasant Bank | 0.04% | 2.24% | |
| Quicken Loans | 0.04% | 20.23% | |
| Fairway Independent Mortgage Corporation | 0.08% | 2.31% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First National Bank of Middle Tennessee | -0.07% | 11.27% | |
| US Bank | -0.05% | 3.44% | |
| FirstBank TN | -0.04% | 5.93% | |
| USAA | -0.03% | 3.32% | |
| Ascend Federal Credit Union | -0.01% | 11.27% | |
| IBERIABANK | -0.01% | 3.20% | |
| Stockton Mortgage | 0.01% | 4.98% | |
| CMG Financial | 0.01% | 7.95% | |
| Guaranty Home Mortgage Corporation | 0.01% | 3.20% | |
| Quicken Loans | 0.01% | 11.15% | |
| First Community Mortgage | 0.02% | 20.88% | |
| Regions Bank | 0.02% | 4.15% | |
| loanDepot | 0.03% | 1.07% | |
| Mortgage Investors Group | 0.03% | 2.61% | |
| Renasant Bank | 0.05% | 2.25% | |
| Fairway Independent Mortgage Corporation | 0.10% | 3.32% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First National Bank of Middle Tennessee | -0.08% | 6.51% | |
| First Community Mortgage | -0.07% | 10.48% | |
| Ascend Federal Credit Union | -0.05% | 14.60% | |
| CMG Financial | -0.02% | 1.75% | |
| IBERIABANK | -0.02% | 0.79% | |
| USAA | -0.02% | 0.95% | |
| Stockton Mortgage | -0.02% | 3.81% | |
| loanDepot | -0.01% | 7.14% | |
| FirstBank TN | 0.00% | 5.71% | |
| Guaranty Home Mortgage Corporation | 0.01% | 1.27% | |
| Mortgage Investors Group | 0.01% | 2.54% | |
| Fairway Independent Mortgage Corporation | 0.02% | 0.95% | |
| Renasant Bank | 0.03% | 2.22% | |
| US Bank | 0.04% | 5.40% | |
| Quicken Loans | 0.05% | 32.38% | |
| Regions Bank | 0.06% | 3.49% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First National Bank of Middle Tennessee | -0.07% | 8.47% | |
| Ascend Federal Credit Union | -0.03% | 18.84% | |
| loanDepot | -0.03% | 2.65% | |
| First Community Mortgage | -0.03% | 14.92% | |
| FirstBank TN | -0.02% | 6.98% | |
| IBERIABANK | -0.01% | 1.27% | |
| Stockton Mortgage | -0.01% | 4.13% | |
| CMG Financial | -0.01% | 3.39% | |
| USAA | -0.00% | 1.48% | |
| US Bank | -0.00% | 6.24% | |
| Guaranty Home Mortgage Corporation | 0.01% | 2.12% | |
| Mortgage Investors Group | 0.03% | 2.65% | |
| Fairway Independent Mortgage Corporation | 0.04% | 1.06% | |
| Regions Bank | 0.04% | 5.40% | |
| Renasant Bank | 0.05% | 2.33% | |
| Quicken Loans | 0.08% | 18.10% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First National Bank of Middle Tennessee | -0.06% | 10.62% | |
| US Bank | -0.05% | 5.42% | |
| FirstBank TN | -0.05% | 7.08% | |
| IBERIABANK | -0.01% | 1.88% | |
| Ascend Federal Credit Union | -0.01% | 18.33% | |
| Stockton Mortgage | -0.00% | 4.17% | |
| CMG Financial | 0.01% | 5.21% | |
| loanDepot | 0.01% | 0.21% | |
| USAA | 0.01% | 2.08% | |
| First Community Mortgage | 0.01% | 18.33% | |
| Guaranty Home Mortgage Corporation | 0.02% | 2.71% | |
| Regions Bank | 0.03% | 6.46% | |
| Quicken Loans | 0.04% | 11.67% | |
| Fairway Independent Mortgage Corporation | 0.05% | 1.46% | |
| Mortgage Investors Group | 0.06% | 2.08% | |
| Renasant Bank | 0.07% | 2.29% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Community Mortgage | -0.09% | 11.40% | |
| First National Bank of Middle Tennessee | -0.09% | 6.24% | |
| Ascend Federal Credit Union | -0.05% | 19.35% | |
| CMG Financial | -0.04% | 1.51% | |
| loanDepot | -0.03% | 5.16% | |
| IBERIABANK | -0.03% | 0.65% | |
| USAA | -0.03% | 0.86% | |
| Stockton Mortgage | -0.02% | 4.09% | |
| Guaranty Home Mortgage Corporation | 0.00% | 1.51% | |
| FirstBank TN | 0.00% | 6.88% | |
| Mortgage Investors Group | 0.00% | 3.23% | |
| Fairway Independent Mortgage Corporation | 0.01% | 0.65% | |
| Renasant Bank | 0.04% | 2.37% | |
| US Bank | 0.04% | 7.10% | |
| Regions Bank | 0.06% | 4.30% | |
| Quicken Loans | 0.10% | 24.73% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First National Bank of Middle Tennessee | -0.09% | 12.81% | |
| Quicken Loans | -0.03% | 24.25% | |
| FirstBank TN | -0.03% | 3.81% | |
| Mortgage Investors Group | -0.02% | 2.18% | |
| Stockton Mortgage | -0.01% | 4.63% | |
| IBERIABANK | -0.01% | 3.81% | |
| Guaranty Home Mortgage Corporation | 0.00% | 3.00% | |
| CMG Financial | 0.01% | 10.35% | |
| Renasant Bank | 0.01% | 1.36% | |
| US Bank | 0.01% | 0.54% | |
| Regions Bank | 0.01% | 0.54% | |
| loanDepot | 0.04% | 4.63% | |
| First Community Mortgage | 0.05% | 22.62% | |
| Fairway Independent Mortgage Corporation | 0.12% | 5.45% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First National Bank of Middle Tennessee | -0.10% | 13.96% | |
| Quicken Loans | -0.04% | 9.43% | |
| FirstBank TN | -0.04% | 5.28% | |
| Stockton Mortgage | -0.03% | 5.28% | |
| Mortgage Investors Group | -0.02% | 3.02% | |
| IBERIABANK | -0.01% | 5.28% | |
| Guaranty Home Mortgage Corporation | -0.00% | 4.15% | |
| CMG Financial | 0.00% | 13.21% | |
| Renasant Bank | 0.00% | 1.51% | |
| Regions Bank | 0.01% | 0.38% | |
| US Bank | 0.01% | 0.75% | |
| loanDepot | 0.03% | 2.64% | |
| First Community Mortgage | 0.05% | 28.30% | |
| Fairway Independent Mortgage Corporation | 0.13% | 6.79% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First National Bank of Middle Tennessee | -0.04% | 9.80% | |
| Quicken Loans | -0.01% | 62.75% | |
| CMG Financial | 0.02% | 2.94% | |
| Stockton Mortgage | 0.03% | 2.94% | |
| Renasant Bank | 0.03% | 0.98% | |
| First Community Mortgage | 0.03% | 7.84% | |
| Regions Bank | 0.03% | 0.98% | |
| Fairway Independent Mortgage Corporation | 0.04% | 1.96% | |
| loanDepot | 0.07% | 9.80% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Community Mortgage | -0.01% | 25.00% | |
| US Bank | 0.00% | 25.00% | |
| Quicken Loans | 0.00% | 25.00% | |
| Renasant Bank | 0.00% | 25.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | 0.00% | 100.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Community Mortgage | -0.01% | 33.33% | |
| US Bank | 0.00% | 33.33% | |
| Renasant Bank | 0.00% | 33.33% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Ascend Federal Credit Union | -0.06% | 5.73% | |
| USAA | -0.05% | 12.74% | |
| First Community Mortgage | -0.05% | 10.83% | |
| FirstBank TN | -0.03% | 3.82% | |
| First National Bank of Middle Tennessee | -0.03% | 5.73% | |
| loanDepot | -0.01% | 7.64% | |
| IBERIABANK | -0.01% | 3.82% | |
| US Bank | -0.00% | 0.64% | |
| Guaranty Home Mortgage Corporation | 0.01% | 2.55% | |
| Renasant Bank | 0.01% | 3.18% | |
| Fairway Independent Mortgage Corporation | 0.01% | 2.55% | |
| Regions Bank | 0.02% | 2.55% | |
| Mortgage Investors Group | 0.03% | 3.18% | |
| CMG Financial | 0.03% | 5.10% | |
| Quicken Loans | 0.05% | 23.57% | |
| Stockton Mortgage | 0.06% | 6.37% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Ascend Federal Credit Union | -0.05% | 7.22% | |
| First Community Mortgage | -0.05% | 13.40% | |
| USAA | -0.04% | 18.56% | |
| First National Bank of Middle Tennessee | -0.02% | 7.22% | |
| FirstBank TN | -0.02% | 2.06% | |
| IBERIABANK | 0.01% | 4.12% | |
| US Bank | 0.01% | 1.03% | |
| Quicken Loans | 0.02% | 12.37% | |
| Fairway Independent Mortgage Corporation | 0.02% | 3.09% | |
| Guaranty Home Mortgage Corporation | 0.02% | 3.09% | |
| Renasant Bank | 0.03% | 4.12% | |
| Regions Bank | 0.03% | 3.09% | |
| loanDepot | 0.04% | 1.03% | |
| CMG Financial | 0.05% | 7.22% | |
| Mortgage Investors Group | 0.05% | 4.12% | |
| Stockton Mortgage | 0.09% | 8.25% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| FirstBank TN | -0.05% | 6.67% | |
| First Community Mortgage | -0.05% | 6.67% | |
| Stockton Mortgage | -0.04% | 3.33% | |
| Ascend Federal Credit Union | -0.04% | 3.33% | |
| loanDepot | -0.04% | 18.33% | |
| First National Bank of Middle Tennessee | -0.03% | 3.33% | |
| Mortgage Investors Group | -0.03% | 1.67% | |
| USAA | -0.03% | 3.33% | |
| CMG Financial | -0.02% | 1.67% | |
| IBERIABANK | -0.02% | 3.33% | |
| Guaranty Home Mortgage Corporation | -0.02% | 1.67% | |
| Renasant Bank | -0.02% | 1.67% | |
| Regions Bank | -0.00% | 1.67% | |
| Fairway Independent Mortgage Corporation | 0.01% | 1.67% | |
| Quicken Loans | 0.05% | 41.67% |
* Data is compiled for the Shelbyville, TN commuting zone area, which comprises of counties of Bedford County, TN, Coffee County, TN, Franklin County, TN, and Moore County, TN. This includes cities/towns/communities of Shelbyville, TN as well as Tullahoma, TN, Manchester, TN, Winchester, TN, Unionville, TN, New Union, TN, Tullahoma, TN, Lynchburg, Moore County metropolitan government, TN, Estill Springs, TN, Bell Buckle, TN, Cowan, TN, Wartrace, TN, Hillsboro, TN, Normandy, TN, Decherd, TN, Huntland, TN, and Sewanee, 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 Shelbyville, TN area. For mortgage lender rankings in other cities, click here.