Top Mortgage Lenders in Cleveland, TN

Which mortgage lender in the Cleveland, 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 Cleveland, 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 Cleveland, TN area is First Citizens National Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.13%. This means that First Citizens National Bank provided a -0.13% lower interest rate for its customers than other lenders in Cleveland, TN for a similar set of borrowers. First Citizens National Bank has a market share of 13.9%. It is the most popular lender in the area.

Our detailed rankings of the mortgage lenders for the Cleveland, 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 Cleveland, TN is First Citizens National 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 Quicken Loans. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is First Citizens National Bank. The cheapest VA mortgage provider is LoanDepot. 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 Cleveland, TN

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Citizens National Bank 1, -0.13% 13.92%
Wells Fargo Bank 2, -0.08% 2.08%
Home Point Financial Corporation 3, -0.05% 3.21%
TJC Mortgage, Inc 4, -0.04% 3.57%
Movement Mortgage 5, -0.02% 3.51%
Member First Mortgage 6, -0.01% 3.27%
Gateway First Bank 7, -0.01% 2.62%
BancorpSouth Bank 8, -0.01% 2.97%
LoanDepot 9, -0.01% 2.14%
Caliber Home Loans Inc 10, -0.00% 2.68%
Mortgage Investors Group 11, -0.00% 5.41%
Truist Bank 12, 0.01% 2.32%
FirstBank 13, 0.02% 2.26%
United Community Bank 14, 0.02% 7.14%
CMG Mortgage Inc 15, 0.02% 6.31%
Regions Bank 16, 0.02% 6.31%
First Community Mortgage Inc 17, 0.03% 2.68%
Quicken Loans 18, 0.03% 13.56%
Freedom Mortgage Corporation 19, 0.06% 2.14%
Nationstar Mortgage 20, 0.07% 2.08%
Tennessee Valley Federal Credit Union 21, 0.11% 6.25%
Cardinal Financial Company LP 22, 0.16% 3.57%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Citizens National Bank 1, -0.15% 14.93%
Wells Fargo Bank 2, -0.09% 2.82%
Home Point Financial Corporation 3, -0.06% 3.57%
Regions Bank 4, -0.05% 4.98%
Member First Mortgage 5, -0.01% 4.04%
BancorpSouth Bank 6, -0.00% 4.60%
TJC Mortgage, Inc 7, 0.00% 2.63%
Gateway First Bank 8, 0.00% 2.91%
LoanDepot 9, 0.01% 0.56%
Caliber Home Loans Inc 10, 0.01% 3.29%
Movement Mortgage 11, 0.01% 4.41%
Mortgage Investors Group 12, 0.01% 7.70%
FirstBank 13, 0.02% 2.35%
Truist Bank 14, 0.03% 2.72%
CMG Mortgage Inc 15, 0.03% 9.67%
United Community Bank 16, 0.05% 9.48%
First Community Mortgage Inc 17, 0.05% 3.00%
Quicken Loans 18, 0.06% 6.10%
Freedom Mortgage Corporation 19, 0.07% 1.78%
Nationstar Mortgage 20, 0.08% 0.75%
Tennessee Valley Federal Credit Union 21, 0.12% 3.00%
Cardinal Financial Company LP 22, 0.20% 4.69%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Movement Mortgage 1, -0.12% 1.95%
First Citizens National Bank 2, -0.10% 12.18%
United Community Bank 3, -0.10% 3.08%
TJC Mortgage, Inc 4, -0.07% 5.19%
Gateway First Bank 5, -0.06% 2.11%
Mortgage Investors Group 6, -0.05% 1.46%
Home Point Financial Corporation 7, -0.03% 2.60%
Caliber Home Loans Inc 8, -0.03% 1.62%
Member First Mortgage 9, -0.02% 1.95%
LoanDepot 10, -0.02% 4.87%
Truist Bank 11, -0.02% 1.62%
First Community Mortgage Inc 12, -0.01% 2.11%
BancorpSouth Bank 13, -0.00% 0.16%
Wells Fargo Bank 14, 0.00% 0.81%
Cardinal Financial Company LP 15, 0.01% 1.62%
Quicken Loans 16, 0.01% 26.46%
FirstBank 17, 0.01% 2.11%
CMG Mortgage Inc 18, 0.02% 0.49%
Freedom Mortgage Corporation 19, 0.04% 2.76%
Nationstar Mortgage 20, 0.05% 4.38%
Regions Bank 21, 0.10% 8.60%
Tennessee Valley Federal Credit Union 22, 0.10% 11.85%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Citizens National Bank 1, -0.10% 15.38%
Wells Fargo Bank 2, -0.10% 3.17%
TJC Mortgage, Inc 3, -0.06% 3.46%
Gateway First Bank 4, -0.06% 2.21%
Movement Mortgage 5, -0.05% 4.13%
Home Point Financial Corporation 6, -0.04% 2.50%
Member First Mortgage 7, -0.02% 2.50%
Mortgage Investors Group 8, -0.02% 3.46%
Caliber Home Loans Inc 9, -0.00% 1.44%
Truist Bank 10, 0.00% 3.56%
CMG Mortgage Inc 11, 0.00% 3.94%
FirstBank 12, 0.01% 3.27%
Freedom Mortgage Corporation 13, 0.01% 0.48%
LoanDepot 14, 0.01% 1.06%
First Community Mortgage Inc 15, 0.01% 1.44%
Regions Bank 16, 0.02% 9.33%
United Community Bank 17, 0.03% 8.37%
Quicken Loans 18, 0.04% 13.75%
BancorpSouth Bank 19, 0.08% 2.31%
Nationstar Mortgage 20, 0.09% 1.44%
Tennessee Valley Federal Credit Union 21, 0.10% 10.10%
Cardinal Financial Company LP 22, 0.10% 2.69%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.11% 4.84%
First Citizens National Bank 2, -0.09% 15.54%
Regions Bank 3, -0.07% 7.60%
Gateway First Bank 4, -0.04% 2.25%
Home Point Financial Corporation 5, -0.04% 3.28%
Movement Mortgage 6, -0.02% 5.35%
Member First Mortgage 7, -0.02% 3.45%
Freedom Mortgage Corporation 8, -0.01% 0.35%
Mortgage Investors Group 9, -0.01% 5.01%
Nationstar Mortgage 10, -0.00% 0.17%
TJC Mortgage, Inc 11, 0.00% 2.25%
FirstBank 12, 0.01% 3.80%
CMG Mortgage Inc 13, 0.01% 6.56%
LoanDepot 14, 0.01% 0.52%
Truist Bank 15, 0.02% 4.84%
Caliber Home Loans Inc 16, 0.02% 1.90%
First Community Mortgage Inc 17, 0.05% 1.21%
United Community Bank 18, 0.07% 11.74%
Quicken Loans 19, 0.07% 6.04%
BancorpSouth Bank 20, 0.09% 4.15%
Tennessee Valley Federal Credit Union 21, 0.11% 5.53%
Cardinal Financial Company LP 22, 0.14% 3.63%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Movement Mortgage 1, -0.12% 2.60%
First Citizens National Bank 2, -0.11% 15.18%
United Community Bank 3, -0.10% 4.12%
TJC Mortgage, Inc 4, -0.09% 4.99%
Gateway First Bank 5, -0.07% 2.17%
Mortgage Investors Group 6, -0.07% 1.52%
Caliber Home Loans Inc 7, -0.04% 0.87%
Member First Mortgage 8, -0.04% 1.30%
Home Point Financial Corporation 9, -0.03% 1.52%
Truist Bank 10, -0.02% 1.95%
First Community Mortgage Inc 11, -0.02% 1.74%
Wells Fargo Bank 12, -0.00% 1.08%
Cardinal Financial Company LP 13, 0.00% 1.52%
LoanDepot 14, 0.00% 1.74%
FirstBank 15, 0.01% 2.60%
CMG Mortgage Inc 16, 0.01% 0.65%
Freedom Mortgage Corporation 17, 0.02% 0.65%
Quicken Loans 18, 0.02% 23.43%
Regions Bank 19, 0.09% 11.50%
Tennessee Valley Federal Credit Union 20, 0.09% 15.84%
Nationstar Mortgage 21, 0.09% 3.04%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Citizens National Bank 1, -0.24% 12.10%
BancorpSouth Bank 2, -0.10% 4.44%
Home Point Financial Corporation 3, -0.08% 4.03%
Regions Bank 4, -0.04% 1.41%
TJC Mortgage, Inc 5, -0.01% 3.43%
United Community Bank 6, -0.01% 6.05%
Member First Mortgage 7, 0.01% 5.04%
Caliber Home Loans Inc 8, 0.01% 5.44%
Quicken Loans 9, 0.02% 12.50%
Mortgage Investors Group 10, 0.03% 9.68%
FirstBank 11, 0.03% 0.40%
Gateway First Bank 12, 0.04% 2.42%
LoanDepot 13, 0.04% 1.81%
CMG Mortgage Inc 14, 0.06% 9.88%
First Community Mortgage Inc 15, 0.06% 5.04%
Nationstar Mortgage 16, 0.06% 3.63%
Movement Mortgage 17, 0.07% 2.42%
Freedom Mortgage Corporation 18, 0.09% 4.23%
Cardinal Financial Company LP 19, 0.24% 6.05%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Citizens National Bank 1, -0.25% 14.25%
BancorpSouth Bank 2, -0.10% 5.25%
Home Point Financial Corporation 3, -0.10% 3.75%
Regions Bank 4, -0.04% 1.75%
TJC Mortgage, Inc 5, -0.01% 2.50%
United Community Bank 6, -0.00% 7.50%
LoanDepot 7, 0.00% 0.50%
Member First Mortgage 8, 0.01% 5.75%
Caliber Home Loans Inc 9, 0.02% 5.75%
Mortgage Investors Group 10, 0.03% 11.75%
Gateway First Bank 11, 0.04% 3.00%
FirstBank 12, 0.05% 0.25%
Quicken Loans 13, 0.05% 5.50%
CMG Mortgage Inc 14, 0.06% 12.25%
First Community Mortgage Inc 15, 0.07% 5.50%
Movement Mortgage 16, 0.07% 3.00%
Freedom Mortgage Corporation 17, 0.11% 3.50%
Nationstar Mortgage 18, 0.12% 1.50%
Cardinal Financial Company LP 19, 0.27% 6.75%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Citizens National Bank 1, -0.03% 3.12%
TJC Mortgage, Inc 2, -0.03% 7.29%
Home Point Financial Corporation 3, -0.02% 5.21%
Quicken Loans 4, -0.02% 41.67%
Caliber Home Loans Inc 5, -0.01% 4.17%
First Community Mortgage Inc 6, 0.01% 3.12%
FirstBank 7, 0.01% 1.04%
BancorpSouth Bank 8, 0.01% 1.04%
Member First Mortgage 9, 0.02% 2.08%
Nationstar Mortgage 10, 0.02% 12.50%
Cardinal Financial Company LP 11, 0.03% 3.12%
Mortgage Investors Group 12, 0.03% 1.04%
LoanDepot 13, 0.04% 7.29%
Freedom Mortgage Corporation 14, 0.05% 7.29%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.00% 50.00%
First Citizens National Bank 2, 0.00% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Citizens National Bank 1, 0.00% 100.00%
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
LoanDepot 1, -0.04% 11.19%
First Citizens National Bank 2, -0.03% 9.09%
Caliber Home Loans Inc 3, -0.02% 2.10%
Home Point Financial Corporation 4, -0.02% 5.59%
Member First Mortgage 5, -0.02% 2.80%
United Community Bank 6, -0.01% 2.10%
BancorpSouth Bank 7, -0.01% 2.80%
First Community Mortgage Inc 8, -0.01% 3.50%
Truist Bank 9, -0.01% 1.40%
Wells Fargo Bank 10, -0.01% 1.40%
Regions Bank 11, -0.00% 1.40%
FirstBank 12, 0.00% 1.40%
CMG Mortgage Inc 13, 0.00% 11.19%
Mortgage Investors Group 14, 0.01% 4.90%
Nationstar Mortgage 15, 0.02% 1.40%
Gateway First Bank 16, 0.02% 6.29%
TJC Mortgage, Inc 17, 0.02% 4.90%
Movement Mortgage 18, 0.02% 2.80%
Quicken Loans 19, 0.02% 15.38%
Cardinal Financial Company LP 20, 0.04% 1.40%
Freedom Mortgage Corporation 21, 0.05% 6.99%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Citizens National Bank 1, -0.04% 12.94%
First Community Mortgage Inc 2, -0.03% 3.53%
Truist Bank 3, -0.02% 1.18%
Caliber Home Loans Inc 4, -0.02% 1.18%
United Community Bank 5, -0.02% 3.53%
BancorpSouth Bank 6, -0.01% 4.71%
Wells Fargo Bank 7, -0.01% 2.35%
Home Point Financial Corporation 8, -0.01% 4.71%
Regions Bank 9, -0.00% 2.35%
LoanDepot 10, -0.00% 1.18%
FirstBank 11, 0.00% 2.35%
CMG Mortgage Inc 12, 0.00% 18.82%
Mortgage Investors Group 13, 0.01% 7.06%
Freedom Mortgage Corporation 14, 0.01% 3.53%
Quicken Loans 15, 0.01% 9.41%
Nationstar Mortgage 16, 0.02% 1.18%
Movement Mortgage 17, 0.02% 4.71%
TJC Mortgage, Inc 18, 0.02% 5.88%
Gateway First Bank 19, 0.03% 7.06%
Cardinal Financial Company LP 20, 0.04% 2.35%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
LoanDepot 1, -0.04% 25.86%
Home Point Financial Corporation 2, -0.04% 6.90%
Caliber Home Loans Inc 3, -0.03% 3.45%
Member First Mortgage 4, -0.01% 6.90%
First Citizens National Bank 5, -0.01% 3.45%
Gateway First Bank 6, -0.01% 5.17%
Mortgage Investors Group 7, -0.00% 1.72%
Truist Bank 8, 0.01% 1.72%
Nationstar Mortgage 9, 0.02% 1.72%
TJC Mortgage, Inc 10, 0.02% 3.45%
First Community Mortgage Inc 11, 0.02% 3.45%
Quicken Loans 12, 0.03% 24.14%
Freedom Mortgage Corporation 13, 0.07% 12.07%

* Data is compiled for the Cleveland, TN commuting zone area, which comprises of counties of Bradley County, TN, McMinn County, TN, Meigs County, TN, and Polk County, TN. This includes cities/towns/communities of Cleveland, TN as well as Athens, TN, South Cleveland, TN, Etowah, TN, Charleston, TN, Wildwood Lake, TN, Riceville, TN, Hopewell, TN, Benton, TN, Decatur, TN, Ducktown, TN, and Englewood, 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 Cleveland, TN area. For mortgage lender rankings of other cities, click here.