Top Mortgage Lenders in Cookeville, TN

Which mortgage lender in the Cookeville, 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 Cookeville, 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 Cookeville, TN area is Us Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.09%. This means that Us Bank provided a -0.09% lower interest rate for its customers than other lenders in Cookeville, TN for a similar set of borrowers. Us Bank has a market share of 6.7%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 16.4%. 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 Cookeville, 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 Cookeville, TN is Us Bank. 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 Farm Credit Mid-America. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Wilson Bank And Trust. The cheapest VA mortgage provider is Mortgage Investors Group. 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 Cookeville, TN

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.09% 6.67%
Wilson Bank And Trust 2, -0.06% 9.87%
Guaranty Home Mortgage Corporation 3, -0.05% 2.07%
Citizens Bank 4, -0.05% 2.27%
Origin Bank 5, -0.04% 2.53%
Mortgage Investors Group 6, -0.03% 14.20%
First National Bank Of Middle Tennessee 7, -0.02% 7.40%
Renasant Bank 8, -0.01% 4.07%
LoanDepot 9, -0.01% 4.13%
First Community Mortgage Inc 10, 0.01% 2.27%
Premier Nationwide Lending 11, 0.02% 12.27%
FirstBank 12, 0.04% 4.07%
Quicken Loans 13, 0.04% 16.40%
Regions Bank 14, 0.08% 6.13%
Farm Credit Mid-America 15, 0.09% 2.47%
Guaranty Mortgage Services 16, 0.11% 3.20%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.11% 5.20%
Wilson Bank And Trust 2, -0.07% 13.48%
Guaranty Home Mortgage Corporation 3, -0.06% 2.23%
Citizens Bank 4, -0.05% 2.44%
Mortgage Investors Group 5, -0.03% 18.47%
Renasant Bank 6, -0.01% 3.29%
First Community Mortgage Inc 7, 0.01% 2.76%
First National Bank Of Middle Tennessee 8, 0.01% 7.86%
Regions Bank 9, 0.01% 4.14%
LoanDepot 10, 0.01% 2.87%
Origin Bank 11, 0.01% 1.70%
Premier Nationwide Lending 12, 0.04% 16.14%
FirstBank 13, 0.04% 3.61%
Quicken Loans 14, 0.05% 8.39%
Guaranty Mortgage Services 15, 0.13% 4.67%
Farm Credit Mid-America 16, 0.14% 2.76%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.08% 3.94%
Us Bank 2, -0.08% 9.14%
First National Bank Of Middle Tennessee 3, -0.06% 6.63%
Premier Nationwide Lending 4, -0.06% 5.73%
Citizens Bank 5, -0.04% 1.97%
LoanDepot 6, -0.02% 6.27%
Mortgage Investors Group 7, -0.02% 6.99%
Renasant Bank 8, -0.02% 5.38%
Guaranty Home Mortgage Corporation 9, -0.02% 1.79%
Wilson Bank And Trust 10, -0.01% 3.76%
Farm Credit Mid-America 11, -0.01% 1.97%
First Community Mortgage Inc 12, 0.01% 1.43%
Guaranty Mortgage Services 13, 0.02% 0.72%
Quicken Loans 14, 0.03% 29.93%
FirstBank 15, 0.03% 4.84%
Regions Bank 16, 0.13% 9.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.10% 9.20%
Wilson Bank And Trust 2, -0.05% 11.47%
Citizens Bank 3, -0.05% 3.17%
First National Bank Of Middle Tennessee 4, -0.05% 6.63%
Mortgage Investors Group 5, -0.04% 12.46%
Origin Bank 6, -0.04% 3.56%
Guaranty Home Mortgage Corporation 7, -0.02% 1.29%
Premier Nationwide Lending 8, -0.01% 10.09%
Renasant Bank 9, -0.01% 3.86%
LoanDepot 10, 0.00% 2.77%
First Community Mortgage Inc 11, 0.00% 1.68%
FirstBank 12, 0.05% 3.76%
Quicken Loans 13, 0.07% 14.94%
Regions Bank 14, 0.09% 8.51%
Farm Credit Mid-America 15, 0.10% 3.56%
Guaranty Mortgage Services 16, 0.11% 3.07%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.13% 7.30%
Wilson Bank And Trust 2, -0.05% 16.70%
Citizens Bank 3, -0.05% 3.65%
Mortgage Investors Group 4, -0.04% 16.35%
Guaranty Home Mortgage Corporation 5, -0.03% 1.04%
First National Bank Of Middle Tennessee 6, -0.02% 5.91%
First Community Mortgage Inc 7, 0.01% 2.09%
Regions Bank 8, 0.01% 5.91%
Origin Bank 9, 0.02% 2.43%
Renasant Bank 10, 0.02% 2.78%
LoanDepot 11, 0.02% 2.09%
Premier Nationwide Lending 12, 0.02% 13.04%
FirstBank 13, 0.06% 3.30%
Quicken Loans 14, 0.09% 8.35%
Guaranty Mortgage Services 15, 0.13% 4.70%
Farm Credit Mid-America 16, 0.15% 4.35%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.08% 5.05%
Us Bank 2, -0.08% 11.70%
Premier Nationwide Lending 3, -0.07% 6.19%
First National Bank Of Middle Tennessee 4, -0.07% 7.57%
Citizens Bank 5, -0.04% 2.52%
Mortgage Investors Group 6, -0.03% 7.34%
Renasant Bank 7, -0.03% 5.28%
Guaranty Home Mortgage Corporation 8, -0.02% 1.61%
LoanDepot 9, -0.02% 3.67%
Wilson Bank And Trust 10, -0.01% 4.59%
Farm Credit Mid-America 11, -0.01% 2.52%
First Community Mortgage Inc 12, 0.01% 1.15%
Guaranty Mortgage Services 13, 0.02% 0.92%
FirstBank 14, 0.03% 4.36%
Quicken Loans 15, 0.05% 23.62%
Regions Bank 16, 0.13% 11.93%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wilson Bank And Trust 1, -0.15% 7.00%
Guaranty Home Mortgage Corporation 2, -0.10% 3.50%
Renasant Bank 3, -0.03% 2.62%
Quicken Loans 4, -0.02% 20.41%
Mortgage Investors Group 5, -0.01% 17.78%
LoanDepot 6, -0.00% 6.41%
Citizens Bank 7, 0.00% 0.58%
Origin Bank 8, 0.00% 0.29%
First Community Mortgage Inc 9, 0.00% 2.92%
Regions Bank 10, 0.01% 0.87%
Us Bank 11, 0.02% 0.58%
FirstBank 12, 0.02% 6.12%
First National Bank Of Middle Tennessee 13, 0.04% 10.20%
Premier Nationwide Lending 14, 0.05% 16.91%
Guaranty Mortgage Services 15, 0.15% 3.79%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wilson Bank And Trust 1, -0.15% 9.06%
Guaranty Home Mortgage Corporation 2, -0.11% 4.15%
Renasant Bank 3, -0.04% 2.64%
Mortgage Investors Group 4, -0.01% 21.51%
Quicken Loans 5, -0.01% 8.68%
LoanDepot 6, -0.00% 4.91%
First Community Mortgage Inc 7, -0.00% 3.40%
Citizens Bank 8, -0.00% 0.75%
Regions Bank 9, 0.00% 0.75%
Origin Bank 10, 0.00% 0.38%
FirstBank 11, 0.01% 5.28%
Us Bank 12, 0.02% 0.75%
First National Bank Of Middle Tennessee 13, 0.04% 12.45%
Premier Nationwide Lending 14, 0.05% 20.38%
Guaranty Mortgage Services 15, 0.15% 4.91%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 60.26%
First National Bank Of Middle Tennessee 2, -0.01% 2.56%
Renasant Bank 3, -0.00% 2.56%
LoanDepot 4, 0.01% 11.54%
Guaranty Home Mortgage Corporation 5, 0.01% 1.28%
Premier Nationwide Lending 6, 0.03% 5.13%
Mortgage Investors Group 7, 0.03% 5.13%
First Community Mortgage Inc 8, 0.03% 1.28%
Regions Bank 9, 0.03% 1.28%
FirstBank 10, 0.05% 8.97%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Farm Credit Mid-America 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Farm Credit Mid-America 1, 0.00% 100.00%
Insufficient data available.
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Mortgage Investors Group 1, -0.05% 17.93%
LoanDepot 2, -0.04% 8.28%
Renasant Bank 3, -0.02% 8.97%
Us Bank 4, -0.02% 3.45%
Regions Bank 5, -0.01% 2.07%
Guaranty Home Mortgage Corporation 6, -0.01% 4.14%
Wilson Bank And Trust 7, 0.00% 5.52%
Origin Bank 8, 0.00% 0.69%
FirstBank 9, 0.01% 1.38%
First National Bank Of Middle Tennessee 10, 0.01% 6.21%
First Community Mortgage Inc 11, 0.01% 4.83%
Guaranty Mortgage Services 12, 0.03% 2.76%
Quicken Loans 13, 0.04% 17.24%
Premier Nationwide Lending 14, 0.04% 16.55%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Mortgage Investors Group 1, -0.06% 22.77%
Renasant Bank 2, -0.03% 7.92%
Us Bank 3, -0.01% 4.95%
Regions Bank 4, -0.01% 2.97%
Guaranty Home Mortgage Corporation 5, 0.00% 3.96%
Wilson Bank And Trust 6, 0.01% 6.93%
Origin Bank 7, 0.01% 0.99%
First National Bank Of Middle Tennessee 8, 0.01% 6.93%
FirstBank 9, 0.01% 0.99%
First Community Mortgage Inc 10, 0.01% 4.95%
LoanDepot 11, 0.02% 1.98%
Quicken Loans 12, 0.02% 7.92%
Guaranty Mortgage Services 13, 0.03% 3.96%
Premier Nationwide Lending 14, 0.05% 22.77%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
LoanDepot 1, -0.06% 22.73%
Guaranty Home Mortgage Corporation 2, -0.03% 4.55%
Wilson Bank And Trust 3, -0.02% 2.27%
Renasant Bank 4, -0.01% 11.36%
FirstBank 5, -0.01% 2.27%
First National Bank Of Middle Tennessee 6, 0.00% 4.55%
Mortgage Investors Group 7, 0.00% 6.82%
Premier Nationwide Lending 8, 0.01% 2.27%
First Community Mortgage Inc 9, 0.01% 4.55%
Quicken Loans 10, 0.04% 38.64%

* Data is compiled for the Cookeville, TN commuting zone area, which comprises of counties of Clay County, TN, DeKalb County, TN, Jackson County, TN, Overton County, TN, Putnam County, TN, Van Buren County, TN, Warren County, TN, and White County, TN. This includes cities/towns/communities of Cookeville, TN as well as McMinnville, TN, Algood, TN, Baxter, TN, Smithville, TN, Sparta, TN, Alexandria, TN, Morrison, TN, Monterey, TN, Dodson Branch, TN, Livingston, TN, Spencer, TN, Doyle, TN, Centertown, TN, Celina, TN, and Gainesboro, 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

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