Top Mortgage Lenders in Jackson, TN

Which mortgage lender in the Jackson, 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 Jackson, 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 Jackson, TN area is Leaders Credit Union, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.10%. This means that Leaders Credit Union provided a -0.10% lower interest rate for its customers than other lenders in Jackson, TN for a similar set of borrowers. Leaders Credit Union has a market share of 18.6%. It is the most popular lender in the area.

Our detailed rankings of the mortgage lenders for 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, 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 (for example, above $510,400 in 2020), the cheapest Jumbo mortgage provider is FirstBank. 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. 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.

Ranking of Mortgage Lenders in Jackson, TN

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Leaders Credit Union 1, -0.10% 18.61%
Guaranty Home Mortgage Corporation 2, -0.07% 4.71%
Mortgage Investors Group 3, -0.03% 13.15%
BancorpSouth Bank 4, -0.02% 5.36%
First Community Mortgage Inc 5, -0.02% 5.36%
Usaa Federal Savings Bank 6, -0.01% 1.68%
LoanDepot 7, 0.01% 1.89%
Wells Fargo Bank 8, 0.01% 2.76%
New American Funding 9, 0.02% 2.16%
Regions Bank 10, 0.04% 16.23%
Simmons Bank 11, 0.06% 7.63%
Quicken Loans 12, 0.06% 11.42%
Nationstar Mortgage 13, 0.06% 1.73%
FirstBank 14, 0.11% 7.31%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Leaders Credit Union 1, -0.09% 18.23%
Guaranty Home Mortgage Corporation 2, -0.08% 5.21%
Mortgage Investors Group 3, -0.03% 18.47%
First Community Mortgage Inc 4, -0.02% 7.57%
BancorpSouth Bank 5, -0.01% 4.96%
Usaa Federal Savings Bank 6, -0.01% 1.95%
Wells Fargo Bank 7, -0.01% 2.28%
Simmons Bank 8, 0.03% 8.38%
New American Funding 9, 0.03% 2.60%
Nationstar Mortgage 10, 0.04% 1.14%
LoanDepot 11, 0.04% 0.49%
Regions Bank 12, 0.06% 16.27%
FirstBank 13, 0.12% 6.59%
Quicken Loans 14, 0.12% 5.86%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Leaders Credit Union 1, -0.12% 19.39%
Guaranty Home Mortgage Corporation 2, -0.05% 3.72%
Mortgage Investors Group 3, -0.03% 2.58%
BancorpSouth Bank 4, -0.02% 6.14%
Usaa Federal Savings Bank 5, -0.01% 1.13%
New American Funding 6, -0.01% 1.29%
LoanDepot 7, -0.01% 4.68%
Regions Bank 8, 0.00% 16.16%
First Community Mortgage Inc 9, 0.00% 0.97%
Quicken Loans 10, 0.03% 22.46%
Wells Fargo Bank 11, 0.04% 3.72%
Nationstar Mortgage 12, 0.08% 2.91%
FirstBank 13, 0.10% 8.72%
Simmons Bank 14, 0.15% 6.14%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Leaders Credit Union 1, -0.13% 20.71%
Mortgage Investors Group 2, -0.07% 9.65%
Guaranty Home Mortgage Corporation 3, -0.04% 3.45%
Usaa Federal Savings Bank 4, -0.02% 0.97%
BancorpSouth Bank 5, -0.02% 7.17%
LoanDepot 6, -0.01% 1.50%
First Community Mortgage Inc 7, -0.00% 1.95%
New American Funding 8, 0.00% 2.30%
Wells Fargo Bank 9, 0.01% 3.81%
Regions Bank 10, 0.06% 19.56%
Nationstar Mortgage 11, 0.07% 1.33%
Simmons Bank 12, 0.08% 9.47%
Quicken Loans 13, 0.09% 9.82%
FirstBank 14, 0.10% 8.32%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Leaders Credit Union 1, -0.13% 20.19%
Mortgage Investors Group 2, -0.07% 14.91%
Guaranty Home Mortgage Corporation 3, -0.03% 2.95%
Wells Fargo Bank 4, -0.03% 3.26%
Usaa Federal Savings Bank 5, -0.02% 1.24%
BancorpSouth Bank 6, -0.02% 6.83%
First Community Mortgage Inc 7, 0.00% 2.95%
New American Funding 8, 0.01% 2.95%
LoanDepot 9, 0.04% 0.31%
Simmons Bank 10, 0.04% 10.87%
Nationstar Mortgage 11, 0.04% 1.09%
FirstBank 12, 0.08% 6.68%
Regions Bank 13, 0.11% 19.57%
Quicken Loans 14, 0.14% 6.21%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Leaders Credit Union 1, -0.13% 21.40%
Guaranty Home Mortgage Corporation 2, -0.06% 4.12%
Mortgage Investors Group 3, -0.04% 2.67%
BancorpSouth Bank 4, -0.02% 7.61%
Usaa Federal Savings Bank 5, -0.02% 0.62%
LoanDepot 6, -0.02% 3.09%
New American Funding 7, -0.02% 1.44%
First Community Mortgage Inc 8, -0.01% 0.62%
Regions Bank 9, 0.00% 19.55%
Wells Fargo Bank 10, 0.04% 4.53%
Quicken Loans 11, 0.06% 14.61%
Nationstar Mortgage 12, 0.10% 1.65%
FirstBank 13, 0.10% 10.49%
Simmons Bank 14, 0.15% 7.61%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guaranty Home Mortgage Corporation 1, -0.11% 6.83%
Leaders Credit Union 2, -0.03% 19.78%
First Community Mortgage Inc 3, -0.03% 11.15%
Regions Bank 4, -0.02% 10.61%
BancorpSouth Bank 5, -0.01% 2.16%
Simmons Bank 6, -0.01% 4.32%
Mortgage Investors Group 7, 0.01% 19.42%
Quicken Loans 8, 0.01% 13.31%
Wells Fargo Bank 9, 0.05% 0.36%
New American Funding 10, 0.06% 2.16%
LoanDepot 11, 0.06% 1.44%
Nationstar Mortgage 12, 0.07% 1.98%
FirstBank 13, 0.17% 6.47%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guaranty Home Mortgage Corporation 1, -0.13% 7.56%
First Community Mortgage Inc 2, -0.03% 12.74%
Leaders Credit Union 3, -0.03% 20.30%
Regions Bank 4, -0.02% 12.10%
BancorpSouth Bank 5, -0.02% 2.59%
Simmons Bank 6, -0.01% 4.97%
Mortgage Investors Group 7, 0.01% 22.89%
Nationstar Mortgage 8, 0.03% 0.65%
LoanDepot 9, 0.06% 0.65%
New American Funding 10, 0.06% 2.38%
Wells Fargo Bank 11, 0.06% 0.22%
Quicken Loans 12, 0.09% 5.62%
FirstBank 13, 0.17% 7.34%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Leaders Credit Union 1, -0.05% 17.20%
Quicken Loans 2, -0.02% 51.61%
Simmons Bank 3, 0.03% 1.08%
Regions Bank 4, 0.03% 3.23%
Guaranty Home Mortgage Corporation 5, 0.03% 3.23%
Mortgage Investors Group 6, 0.03% 2.15%
First Community Mortgage Inc 7, 0.04% 3.23%
Wells Fargo Bank 8, 0.05% 1.08%
FirstBank 9, 0.06% 2.15%
New American Funding 10, 0.07% 1.08%
LoanDepot 11, 0.08% 5.38%
Nationstar Mortgage 12, 0.09% 8.60%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
FirstBank 1, -0.00% 25.00%
Regions Bank 2, -0.00% 50.00%
Simmons Bank 3, 0.00% 25.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Regions Bank 1, -0.01% 50.00%
Simmons Bank 2, 0.01% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
FirstBank 1, -0.00% 50.00%
Regions Bank 2, 0.00% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Regions Bank 1, -0.04% 11.39%
Mortgage Investors Group 2, -0.03% 16.46%
Usaa Federal Savings Bank 3, -0.02% 12.66%
LoanDepot 4, -0.02% 6.33%
Simmons Bank 5, -0.02% 5.70%
BancorpSouth Bank 6, -0.01% 3.80%
Wells Fargo Bank 7, -0.00% 3.80%
New American Funding 8, 0.01% 1.27%
Guaranty Home Mortgage Corporation 9, 0.01% 6.33%
First Community Mortgage Inc 10, 0.01% 9.49%
Nationstar Mortgage 11, 0.03% 3.80%
FirstBank 12, 0.03% 2.53%
Quicken Loans 13, 0.07% 16.46%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Regions Bank 1, -0.03% 14.17%
Mortgage Investors Group 2, -0.03% 20.83%
Usaa Federal Savings Bank 3, -0.02% 13.33%
Simmons Bank 4, -0.01% 7.50%
BancorpSouth Bank 5, -0.00% 4.17%
Wells Fargo Bank 6, 0.01% 5.00%
New American Funding 7, 0.02% 1.67%
Guaranty Home Mortgage Corporation 8, 0.02% 8.33%
LoanDepot 9, 0.02% 0.83%
First Community Mortgage Inc 10, 0.02% 12.50%
FirstBank 11, 0.04% 3.33%
Nationstar Mortgage 12, 0.04% 3.33%
Quicken Loans 13, 0.09% 5.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
LoanDepot 1, -0.06% 23.68%
Usaa Federal Savings Bank 2, -0.04% 10.53%
BancorpSouth Bank 3, -0.04% 2.63%
Mortgage Investors Group 4, -0.02% 2.63%
Nationstar Mortgage 5, -0.01% 5.26%
Regions Bank 6, -0.01% 2.63%
Quicken Loans 7, 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 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.

Mortgage Lender Rankings for Other Cities

This page ranks the top mortgage lenders in the Jackson, TN area. For mortgage lender rankings of other cities, click here.