Top Mortgage Lenders in the Shelbyville, TN area

Which mortgage lender in the Shelbyville, TN area typically has the best rates? To help you narrow down where to shop for a mortgage, we provide a data driven ranking of mortgage lenders in the Shelbyville, TN area by interest rate and market share. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings. We do not receive any compensation from lenders and strive to provide the most objective and authoritative ranking possible.

Based on our data, the cheapest overall lender in the Shelbyville, TN area is First National Bank Of Middle Tennessee, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.08%. This means that First National Bank Of Middle Tennessee provided a -0.08% lower interest rate for its customers than other lenders in Shelbyville, TN for a similar set of borrowers. First National Bank Of Middle Tennessee has a market share of 9.2%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 20.3%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.04% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for 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, 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 (for example, above $510,400 in 2020), the cheapest Jumbo mortgage provider is First Community Mortgage Inc. 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. Nevertheless, to get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First National Bank Of Middle Tennessee 1, -0.08% 9.22%
Ascend Federal Credit Union 2, -0.03% 12.68%
Usaa Federal Savings Bank 3, -0.03% 2.31%
FirstBank 4, -0.02% 5.83%
Iberiabank 5, -0.01% 2.17%
First Community Mortgage Inc 6, -0.00% 16.41%
LoanDepot 7, -0.00% 3.66%
Stockton Mortgage Corporation 8, -0.00% 4.47%
Us Bank 9, 0.00% 4.27%
CMG Mortgage Inc 10, 0.00% 5.29%
Guaranty Home Mortgage Corporation 11, 0.01% 2.37%
Mortgage Investors Group 12, 0.02% 2.58%
Regions Bank 13, 0.04% 3.86%
Quicken Loans 14, 0.04% 20.34%
Renasant Bank 15, 0.04% 2.24%
Fairway Independent Mort Corp 16, 0.08% 2.31%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First National Bank Of Middle Tennessee 1, -0.07% 11.27%
Us Bank 2, -0.05% 3.44%
FirstBank 3, -0.04% 5.93%
Usaa Federal Savings Bank 4, -0.03% 3.32%
Ascend Federal Credit Union 5, -0.01% 11.27%
Iberiabank 6, -0.01% 3.20%
Stockton Mortgage Corporation 7, 0.01% 4.98%
CMG Mortgage Inc 8, 0.01% 7.95%
Guaranty Home Mortgage Corporation 9, 0.01% 3.20%
Quicken Loans 10, 0.01% 11.15%
First Community Mortgage Inc 11, 0.02% 20.88%
Regions Bank 12, 0.03% 4.15%
LoanDepot 13, 0.03% 1.07%
Mortgage Investors Group 14, 0.03% 2.61%
Renasant Bank 15, 0.05% 2.25%
Fairway Independent Mort Corp 16, 0.10% 3.32%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First National Bank Of Middle Tennessee 1, -0.08% 6.49%
First Community Mortgage Inc 2, -0.07% 10.44%
Ascend Federal Credit Union 3, -0.05% 14.56%
CMG Mortgage Inc 4, -0.02% 1.74%
Iberiabank 5, -0.02% 0.79%
Usaa Federal Savings Bank 6, -0.02% 0.95%
Stockton Mortgage Corporation 7, -0.01% 3.80%
LoanDepot 8, -0.01% 7.12%
FirstBank 9, 0.00% 5.70%
Guaranty Home Mortgage Corporation 10, 0.01% 1.27%
Mortgage Investors Group 11, 0.01% 2.53%
Fairway Independent Mort Corp 12, 0.02% 0.95%
Renasant Bank 13, 0.03% 2.22%
Us Bank 14, 0.04% 5.38%
Quicken Loans 15, 0.05% 32.59%
Regions Bank 16, 0.06% 3.48%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First National Bank Of Middle Tennessee 1, -0.07% 8.45%
Ascend Federal Credit Union 2, -0.03% 18.80%
First Community Mortgage Inc 3, -0.03% 14.89%
LoanDepot 4, -0.03% 2.64%
FirstBank 5, -0.02% 6.97%
Iberiabank 6, -0.01% 1.27%
Stockton Mortgage Corporation 7, -0.01% 4.12%
CMG Mortgage Inc 8, -0.01% 3.38%
Usaa Federal Savings Bank 9, -0.00% 1.48%
Us Bank 10, 0.00% 6.23%
Guaranty Home Mortgage Corporation 11, 0.01% 2.11%
Mortgage Investors Group 12, 0.03% 2.64%
Fairway Independent Mort Corp 13, 0.04% 1.06%
Regions Bank 14, 0.04% 5.39%
Renasant Bank 15, 0.06% 2.32%
Quicken Loans 16, 0.08% 18.27%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First National Bank Of Middle Tennessee 1, -0.06% 10.62%
Us Bank 2, -0.05% 5.42%
FirstBank 3, -0.05% 7.08%
Ascend Federal Credit Union 4, -0.01% 18.33%
Iberiabank 5, -0.00% 1.88%
Stockton Mortgage Corporation 6, -0.00% 4.17%
CMG Mortgage Inc 7, 0.01% 5.21%
LoanDepot 8, 0.01% 0.21%
Usaa Federal Savings Bank 9, 0.01% 2.08%
First Community Mortgage Inc 10, 0.01% 18.33%
Guaranty Home Mortgage Corporation 11, 0.02% 2.71%
Regions Bank 12, 0.03% 6.46%
Quicken Loans 13, 0.04% 11.67%
Fairway Independent Mort Corp 14, 0.05% 1.46%
Mortgage Investors Group 15, 0.06% 2.08%
Renasant Bank 16, 0.07% 2.29%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Community Mortgage Inc 1, -0.09% 11.35%
First National Bank Of Middle Tennessee 2, -0.09% 6.21%
Ascend Federal Credit Union 3, -0.05% 19.27%
CMG Mortgage Inc 4, -0.04% 1.50%
LoanDepot 5, -0.03% 5.14%
Iberiabank 6, -0.03% 0.64%
Usaa Federal Savings Bank 7, -0.02% 0.86%
Stockton Mortgage Corporation 8, -0.02% 4.07%
FirstBank 9, 0.00% 6.85%
Guaranty Home Mortgage Corporation 10, 0.00% 1.50%
Mortgage Investors Group 11, 0.01% 3.21%
Fairway Independent Mort Corp 12, 0.01% 0.64%
Renasant Bank 13, 0.04% 2.36%
Us Bank 14, 0.04% 7.07%
Regions Bank 15, 0.06% 4.28%
Quicken Loans 16, 0.09% 25.05%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First National Bank Of Middle Tennessee 1, -0.09% 12.81%
Quicken Loans 2, -0.03% 24.25%
FirstBank 3, -0.03% 3.81%
Mortgage Investors Group 4, -0.01% 2.18%
Stockton Mortgage Corporation 5, -0.01% 4.63%
Iberiabank 6, -0.01% 3.81%
Guaranty Home Mortgage Corporation 7, 0.01% 3.00%
CMG Mortgage Inc 8, 0.01% 10.35%
Renasant Bank 9, 0.01% 1.36%
Us Bank 10, 0.02% 0.54%
Regions Bank 11, 0.02% 0.54%
LoanDepot 12, 0.05% 4.63%
First Community Mortgage Inc 13, 0.05% 22.62%
Fairway Independent Mort Corp 14, 0.12% 5.45%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First National Bank Of Middle Tennessee 1, -0.10% 13.96%
Quicken Loans 2, -0.04% 9.43%
FirstBank 3, -0.04% 5.28%
Stockton Mortgage Corporation 4, -0.02% 5.28%
Mortgage Investors Group 5, -0.02% 3.02%
Iberiabank 6, -0.01% 5.28%
Guaranty Home Mortgage Corporation 7, -0.00% 4.15%
CMG Mortgage Inc 8, 0.00% 13.21%
Renasant Bank 9, 0.00% 1.51%
Regions Bank 10, 0.01% 0.38%
Us Bank 11, 0.01% 0.75%
LoanDepot 12, 0.03% 2.64%
First Community Mortgage Inc 13, 0.05% 28.30%
Fairway Independent Mort Corp 14, 0.13% 6.79%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First National Bank Of Middle Tennessee 1, -0.04% 9.80%
Quicken Loans 2, -0.01% 62.75%
CMG Mortgage Inc 3, 0.02% 2.94%
Stockton Mortgage Corporation 4, 0.03% 2.94%
Renasant Bank 5, 0.03% 0.98%
First Community Mortgage Inc 6, 0.03% 7.84%
Regions Bank 7, 0.04% 0.98%
Fairway Independent Mort Corp 8, 0.04% 1.96%
LoanDepot 9, 0.07% 9.80%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Community Mortgage Inc 1, -0.00% 25.00%
Quicken Loans 2, -0.00% 25.00%
Us Bank 3, 0.00% 25.00%
Renasant Bank 4, 0.01% 25.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Community Mortgage Inc 1, -0.01% 33.33%
Us Bank 2, 0.00% 33.33%
Renasant Bank 3, 0.00% 33.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Ascend Federal Credit Union 1, -0.06% 5.73%
Usaa Federal Savings Bank 2, -0.05% 12.74%
First Community Mortgage Inc 3, -0.05% 10.83%
FirstBank 4, -0.03% 3.82%
First National Bank Of Middle Tennessee 5, -0.03% 5.73%
LoanDepot 6, -0.01% 7.64%
Iberiabank 7, -0.01% 3.82%
Us Bank 8, -0.00% 0.64%
Guaranty Home Mortgage Corporation 9, 0.01% 2.55%
Renasant Bank 10, 0.01% 3.18%
Fairway Independent Mort Corp 11, 0.01% 2.55%
Regions Bank 12, 0.02% 2.55%
Mortgage Investors Group 13, 0.03% 3.18%
CMG Mortgage Inc 14, 0.03% 5.10%
Quicken Loans 15, 0.05% 23.57%
Stockton Mortgage Corporation 16, 0.06% 6.37%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Ascend Federal Credit Union 1, -0.05% 7.22%
First Community Mortgage Inc 2, -0.05% 13.40%
Usaa Federal Savings Bank 3, -0.04% 18.56%
First National Bank Of Middle Tennessee 4, -0.02% 7.22%
FirstBank 5, -0.01% 2.06%
Iberiabank 6, 0.01% 4.12%
Us Bank 7, 0.01% 1.03%
Quicken Loans 8, 0.02% 12.37%
Fairway Independent Mort Corp 9, 0.02% 3.09%
Guaranty Home Mortgage Corporation 10, 0.02% 3.09%
Renasant Bank 11, 0.03% 4.12%
Regions Bank 12, 0.03% 3.09%
LoanDepot 13, 0.04% 1.03%
CMG Mortgage Inc 14, 0.05% 7.22%
Mortgage Investors Group 15, 0.05% 4.12%
Stockton Mortgage Corporation 16, 0.09% 8.25%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
FirstBank 1, -0.05% 6.67%
First Community Mortgage Inc 2, -0.05% 6.67%
Stockton Mortgage Corporation 3, -0.04% 3.33%
Ascend Federal Credit Union 4, -0.04% 3.33%
LoanDepot 5, -0.04% 18.33%
First National Bank Of Middle Tennessee 6, -0.03% 3.33%
Mortgage Investors Group 7, -0.03% 1.67%
Usaa Federal Savings Bank 8, -0.03% 3.33%
CMG Mortgage Inc 9, -0.02% 1.67%
Iberiabank 10, -0.02% 3.33%
Guaranty Home Mortgage Corporation 11, -0.02% 1.67%
Renasant Bank 12, -0.02% 1.67%
Regions Bank 13, -0.00% 1.67%
Fairway Independent Mort Corp 14, 0.01% 1.67%
Quicken Loans 15, 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 for the data comes from 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 based on the MSA, 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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