Which mortgage lender in the Jackson, 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 Jackson, 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 Jackson, TN area in terms of interest rate is Leaders Credit Union, with an average “Rate Difference” of -0.10%. This means that, comparing similar borrowers, Leaders Credit Union provided a -0.10% lower interest rate for its customers than other lenders in the area. Leaders Credit Union has a market share of 18.6%. It is the most popular lender in the Jackson, TN area.
Our detailed ranking of mortgage lenders in the Jackson, 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 Jackson, TN is Leaders 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 FirstBank TN. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Guaranty Home Mortgage Corporation. The cheapest VA mortgage provider is Regions Bank. 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 Jackson, TN
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Leaders Credit Union | -0.10% | 18.62% | |
| Guaranty Home Mortgage Corporation | -0.07% | 4.71% | |
| Mortgage Investors Group | -0.03% | 13.16% | |
| BancorpSouth Bank | -0.02% | 5.36% | |
| First Community Mortgage | -0.02% | 5.36% | |
| USAA | -0.01% | 1.68% | |
| loanDepot | 0.01% | 1.89% | |
| Wells Fargo Bank | 0.01% | 2.76% | |
| New American Funding | 0.02% | 2.17% | |
| Regions Bank | 0.04% | 16.24% | |
| Simmons Bank | 0.06% | 7.63% | |
| Quicken Loans | 0.06% | 11.37% | |
| Mr. Cooper | 0.06% | 1.73% | |
| FirstBank TN | 0.11% | 7.31% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Leaders Credit Union | -0.09% | 18.23% | |
| Guaranty Home Mortgage Corporation | -0.08% | 5.21% | |
| Mortgage Investors Group | -0.03% | 18.47% | |
| First Community Mortgage | -0.02% | 7.57% | |
| BancorpSouth Bank | -0.01% | 4.96% | |
| USAA | -0.01% | 1.95% | |
| Wells Fargo Bank | -0.01% | 2.28% | |
| Simmons Bank | 0.03% | 8.38% | |
| New American Funding | 0.03% | 2.60% | |
| Mr. Cooper | 0.04% | 1.14% | |
| loanDepot | 0.04% | 0.49% | |
| Regions Bank | 0.06% | 16.27% | |
| FirstBank TN | 0.12% | 6.59% | |
| Quicken Loans | 0.12% | 5.86% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Leaders Credit Union | -0.12% | 19.42% | |
| Guaranty Home Mortgage Corporation | -0.05% | 3.72% | |
| Mortgage Investors Group | -0.03% | 2.59% | |
| BancorpSouth Bank | -0.02% | 6.15% | |
| USAA | -0.01% | 1.13% | |
| New American Funding | -0.01% | 1.29% | |
| loanDepot | -0.01% | 4.69% | |
| Regions Bank | 0.00% | 16.18% | |
| First Community Mortgage | 0.00% | 0.97% | |
| Quicken Loans | 0.03% | 22.33% | |
| Wells Fargo Bank | 0.04% | 3.72% | |
| Mr. Cooper | 0.08% | 2.91% | |
| FirstBank TN | 0.10% | 8.74% | |
| Simmons Bank | 0.15% | 6.15% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Leaders Credit Union | -0.13% | 20.73% | |
| Mortgage Investors Group | -0.07% | 9.65% | |
| Guaranty Home Mortgage Corporation | -0.04% | 3.45% | |
| USAA | -0.02% | 0.97% | |
| BancorpSouth Bank | -0.02% | 7.17% | |
| loanDepot | -0.01% | 1.51% | |
| First Community Mortgage | -0.00% | 1.95% | |
| New American Funding | 0.00% | 2.30% | |
| Wells Fargo Bank | 0.01% | 3.81% | |
| Regions Bank | 0.06% | 19.57% | |
| Mr. Cooper | 0.07% | 1.33% | |
| Simmons Bank | 0.08% | 9.48% | |
| Quicken Loans | 0.09% | 9.74% | |
| FirstBank TN | 0.10% | 8.33% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Leaders Credit Union | -0.13% | 20.19% | |
| Mortgage Investors Group | -0.07% | 14.91% | |
| Guaranty Home Mortgage Corporation | -0.03% | 2.95% | |
| Wells Fargo Bank | -0.03% | 3.26% | |
| USAA | -0.02% | 1.24% | |
| BancorpSouth Bank | -0.02% | 6.83% | |
| First Community Mortgage | 0.00% | 2.95% | |
| New American Funding | 0.01% | 2.95% | |
| loanDepot | 0.04% | 0.31% | |
| Simmons Bank | 0.04% | 10.87% | |
| Mr. Cooper | 0.04% | 1.09% | |
| FirstBank TN | 0.08% | 6.68% | |
| Regions Bank | 0.11% | 19.57% | |
| Quicken Loans | 0.14% | 6.21% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Leaders Credit Union | -0.13% | 21.44% | |
| Guaranty Home Mortgage Corporation | -0.06% | 4.12% | |
| Mortgage Investors Group | -0.04% | 2.68% | |
| BancorpSouth Bank | -0.02% | 7.63% | |
| USAA | -0.02% | 0.62% | |
| loanDepot | -0.02% | 3.09% | |
| New American Funding | -0.02% | 1.44% | |
| First Community Mortgage | -0.01% | 0.62% | |
| Regions Bank | 0.00% | 19.59% | |
| Wells Fargo Bank | 0.04% | 4.54% | |
| Quicken Loans | 0.06% | 14.43% | |
| Mr. Cooper | 0.10% | 1.65% | |
| FirstBank TN | 0.10% | 10.52% | |
| Simmons Bank | 0.15% | 7.63% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Guaranty Home Mortgage Corporation | -0.11% | 6.83% | |
| Leaders Credit Union | -0.03% | 19.78% | |
| First Community Mortgage | -0.03% | 11.15% | |
| Regions Bank | -0.02% | 10.61% | |
| BancorpSouth Bank | -0.01% | 2.16% | |
| Simmons Bank | -0.01% | 4.32% | |
| Mortgage Investors Group | 0.01% | 19.42% | |
| Quicken Loans | 0.01% | 13.31% | |
| Wells Fargo Bank | 0.05% | 0.36% | |
| New American Funding | 0.06% | 2.16% | |
| loanDepot | 0.06% | 1.44% | |
| Mr. Cooper | 0.07% | 1.98% | |
| FirstBank TN | 0.17% | 6.47% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Guaranty Home Mortgage Corporation | -0.13% | 7.56% | |
| First Community Mortgage | -0.03% | 12.74% | |
| Leaders Credit Union | -0.03% | 20.30% | |
| Regions Bank | -0.02% | 12.10% | |
| BancorpSouth Bank | -0.02% | 2.59% | |
| Simmons Bank | -0.01% | 4.97% | |
| Mortgage Investors Group | 0.01% | 22.89% | |
| Mr. Cooper | 0.03% | 0.65% | |
| loanDepot | 0.06% | 0.65% | |
| New American Funding | 0.06% | 2.38% | |
| Wells Fargo Bank | 0.06% | 0.22% | |
| Quicken Loans | 0.09% | 5.62% | |
| FirstBank TN | 0.17% | 7.34% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Leaders Credit Union | -0.05% | 17.20% | |
| Quicken Loans | -0.02% | 51.61% | |
| Simmons Bank | 0.03% | 1.08% | |
| Regions Bank | 0.03% | 3.23% | |
| Guaranty Home Mortgage Corporation | 0.03% | 3.23% | |
| Mortgage Investors Group | 0.03% | 2.15% | |
| First Community Mortgage | 0.04% | 3.23% | |
| Wells Fargo Bank | 0.05% | 1.08% | |
| FirstBank TN | 0.06% | 2.15% | |
| New American Funding | 0.07% | 1.08% | |
| loanDepot | 0.08% | 5.38% | |
| Mr. Cooper | 0.09% | 8.60% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| FirstBank TN | -0.00% | 25.00% | |
| Regions Bank | -0.00% | 50.00% | |
| Simmons Bank | 0.00% | 25.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Regions Bank | -0.01% | 50.00% | |
| Simmons Bank | 0.01% | 50.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| FirstBank TN | -0.00% | 50.00% | |
| Regions Bank | 0.00% | 50.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Regions Bank | -0.03% | 11.39% | |
| Mortgage Investors Group | -0.03% | 16.46% | |
| USAA | -0.02% | 12.66% | |
| loanDepot | -0.02% | 6.33% | |
| Simmons Bank | -0.02% | 5.70% | |
| BancorpSouth Bank | -0.01% | 3.80% | |
| Wells Fargo Bank | -0.00% | 3.80% | |
| New American Funding | 0.01% | 1.27% | |
| Guaranty Home Mortgage Corporation | 0.01% | 6.33% | |
| First Community Mortgage | 0.01% | 9.49% | |
| Mr. Cooper | 0.03% | 3.80% | |
| FirstBank TN | 0.03% | 2.53% | |
| Quicken Loans | 0.07% | 16.46% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Regions Bank | -0.03% | 14.17% | |
| Mortgage Investors Group | -0.03% | 20.83% | |
| USAA | -0.02% | 13.33% | |
| Simmons Bank | -0.01% | 7.50% | |
| BancorpSouth Bank | -0.00% | 4.17% | |
| Wells Fargo Bank | 0.01% | 5.00% | |
| New American Funding | 0.02% | 1.67% | |
| Guaranty Home Mortgage Corporation | 0.02% | 8.33% | |
| loanDepot | 0.02% | 0.83% | |
| First Community Mortgage | 0.02% | 12.50% | |
| FirstBank TN | 0.04% | 3.33% | |
| Mr. Cooper | 0.04% | 3.33% | |
| Quicken Loans | 0.09% | 5.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| loanDepot | -0.06% | 23.68% | |
| USAA | -0.04% | 10.53% | |
| BancorpSouth Bank | -0.04% | 2.63% | |
| Mortgage Investors Group | -0.01% | 2.63% | |
| Mr. Cooper | -0.01% | 5.26% | |
| Regions Bank | -0.01% | 2.63% | |
| Quicken Loans | 0.04% | 52.63% |
* Data is compiled for the Jackson, TN commuting zone area, which comprises of counties of Chester County, TN, Crockett County, TN, Decatur County, TN, Gibson County, TN, Hardeman County, TN, Haywood County, TN, Henderson County, TN, and Madison County, TN. This includes cities/towns/communities of Jackson, TN as well as Medina, TN, Lexington, TN, Henderson, TN, Milan, TN, Brownsville, TN, Enville, TN, Humboldt, TN, Trenton, TN, Parsons, TN, Three Way, TN, Bolivar, TN, Alamo, TN, Middleton, TN, Parkers Crossroads, TN, Chesterfield, TN, Bells, TN, Scotts Hill, TN, Dyer, TN, Scotts Hill, TN, Medon, TN, Whiteville, TN, Bradford, TN, Gibson, TN, Toone, TN, Gadsden, TN, Rutherford, TN, Stanton, TN, Grand Junction, TN, Friendship, TN, Decaturville, TN, Maury City, TN, and Yorkville, 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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