CLEVELAND Mortgage Rates

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Cleveland averaged 5.31% for the week of 2022-05-12, compared to the national average of 5.3% for the same period.

The average rate for the prior week (2022-05-05) was 5.38% and one month ago for the week of 2022-04-07, the average rate was 5.03%.

Cleveland's average rate one year ago was 3.19%.

For refis of the same type during the week of 2022-05-12, the average rate was 5.29%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-05-12 5.3%
Cleveland 30 Year Fixed Rate 2022-05-12 5.31%
Cleveland 30 Year Fixed Rate Refi 2022-05-12 5.29%
Cleveland 15 Year Fixed Rate 2022-05-12 4.84%
Cleveland 15 Year Fixed Rate Refi 2022-05-12 4.84%
Cleveland 30 Year FHA 2022-05-12 5.18%
Cleveland 30 Year FHA Refi 2022-05-12 5.27%
Cleveland 30 Year USDA 2022-05-12 5.26%
Cleveland 30 Year USDA Refi 2022-05-12 5.37%
Cleveland 30 Year VA 2022-05-12 5.35%
Cleveland 30 Year VA Refi 2022-05-12 5.16%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within CLEVELAND, TN.

CLEVELAND Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the CLEVELAND, TN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 168 3.13% $4,621
First Citizens National Bank 166 2.95% $2,544
United Community Bank 127 3.28% $3,579
CMG MORTGAGE, INC. 79 3.17% $4,782
UNITED WHOLESALE MORTGAGE, LLC 77 2.97% $4,749
TENNESSEE VALLEY 64 3.12% $3,821
TJC Mortgage, Inc. 59 3.12% $4,317
MOVEMENT MORTGAGE, LLC 58 3.05% $3,408
SmartBank 52 3.11% $2,894
FirstBank 42 3.16% $3,924
MORTGAGE INVESTORS GROUP, INC. 41 3.13% $4,082
Regions Bank 40 3.26% $3,605
STOCKTON MORTGAGE CORPORATION 35 3.20% $3,219
CALIBER HOME LOANS, INC. 34 3.21% $3,586
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 34 3.21% $4,083
BancorpSouth Bank 29 3.43% $2,786
LOANDEPOT.COM, LLC 26 3.20% $4,150
CapStar Bank 25 3.43% $2,845
Truist Bank 23 3.01% $3,744
Citizens Bank 22 3.11% $3,575
Pinnacle Bank 22 3.11% $3,909
BROKER SOLUTIONS, INC. 22 3.13% $3,762
AMERISAVE MORTGAGE CORPORATION 20 2.81% $4,285
HOME POINT FINANCIAL CORPORATION 20 3.27% $3,856
MEMBER FIRST MORTGAGE, LLC 19 3.26% $3,561
BETTER MORTGAGE CORPORATION 18 2.84% $2,589
Wells Fargo Bank 18 3.02% $4,426
PENNYMAC LOAN SERVICES, LLC 17 3.26% $4,573
Mr. Cooper ( Nationstar Mortgage ) 16 3.34% $5,064
U.S. Bank 15 3.22% $2,560
ISERVE RESIDENTIAL LENDING, LLC 14 3.26% $6,079
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 14 3.17% $4,106
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 3.19% $3,503
DHI MORTGAGE COMPANY, LTD. 13 2.92% $2,856
FIRST COMMUNITY MORTGAGE, INC. 12 3.25% $4,697
ARK-LA-TEX FINANCIAL SERVICES, LLC. 11 3.37% $2,956
Bowater Employees Credit Union 11 3.27% $4,250
Farm Credit Mid-America, ACA 11 3.52% $7,156
COMMUNITY MORTGAGE CORPORATION 11 2.87% $2,983
FREEDOM MORTGAGE CORPORATION 10 3.14% $2,000
JPMorgan Chase Bank 9 3.11% $3,025
First Horizon Bank 9 3.07% $2,674
NEWREZ LLC 9 3.52% $3,291
Bank of America 7 2.80% $3,222
Flagstar Bank, FSB 7 3.12% $3,321
Renasant Bank 6 3.12% $4,092
Gateway First Bank 6 3.33% $3,593
LEADERONE FINANCIAL CORPORATION 5 3.17% $5,382
SWBC MORTGAGE CORPORATION 5 3.30% $3,210
ROYAL UNITED MORTGAGE LLC 5 3.38% $5,840
RELIANCE FIRST CAPITAL, LLC 5 3.33% $7,027
Princeton Mortgage Corporation 5 3.82% $3,943
CROSSCOUNTRY MORTGAGE, LLC 5 3.23% $6,268
AMERICAN FINANCING CORPORATION 5 3.00% $3,620
NAVY FEDERAL CREDIT UNION 5 3.53% $2,977
MUTUAL OF OMAHA MORTGAGE, INC. 4 3.47% $3,464
PANORAMA MORTGAGE GROUP, LLC 4 3.25% $3,788
PNC Bank 4 2.94% $3,316
CHURCHILL MORTGAGE CORPORATION 4 3.40% $3,254
Sierra Pacific Mortgage Company, Inc. 4 3.12% $4,140
Bank of England 4 3.09% $3,279
SUCCESS MORTGAGE PARTNERS, INC. 4 3.31% $5,668
SUMMIT FUNDING, INC. 4 2.91% $5,391
MORTGAGE ACCESS CORP. 4 3.00% $6,391
Independent Bank 4 2.87% $3,380
InterContinental Capital Group, Inc 4 3.25% $4,541
GUARANTEED RATE, INC. 4 3.06% $3,950
KELLER MORTGAGE, LLC 4 3.13% $2,002
ZILLOW HOME LOANS, LLC 3 3.75% $3,587
Carrington Mortgage Services, LLC 3 3.08% $3,637
CU COMMUNITY, LLC 3 3.42% $4,355
EASTMAN 3 3.54% $4,964
EMM LOANS LLC 3 3.04% $6,510
ENDEAVOR CAPITAL, LLC. 3 2.83% $3,191
First Guaranty Mortgage Corporation 3 3.17% $2,873
HOMESIDE FINANCIAL, LLC 3 3.33% $3,773
Northpointe Bank 3 3.79% $4,233
ORNL Federal Credit Union 3 2.79% $6,945
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 3.17% $3,391
River Valley AgCredit, ACA 3 4.42% $8,654
Synovus Bank 3 3.38% $3,069
VANDERBILT MORTGAGE AND FINANCE, INC. 3 3.25% $4,379
Wolfe Financial, Inc 3 2.96% $3,059
Prosperity Home Mortgage, LLC 2 3.44% $3,213
PROVIDENT FUNDING ASSOCIATES, L.P. 2 2.69% $3,001
Legends Bank 2 3.06% $6,807
CHERRY CREEK MORTGAGE, LLC 2 3.31% $2,556
The Federal Savings Bank 2 3.38% $6,072
Discover Bank 2 4.25% $0
Y-12 Federal Credit Union 2 3.06% $2,904
LIBERTY HOME MORTGAGE CORPORATION 2 3.38% $5,707
Ameris Bank 2 3.44% $3,823
Colten Mortgage, LLC 2 3.63% $3,141
PLANET HOME LENDING, LLC 2 3.50% $4,989
Barrington Bank & Trust Company, N.A. 2 3.25% $4,390
SIRVA MORTGAGE, INC. 2 3.19% $1,208
BANKSOUTH MORTGAGE COMPANY, LLC 2 3.31% $3,946
AMERICAN PACIFIC MORTGAGE CORPORATION 2 3.25% $4,166
SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 3.69% $6,959
GUARANTEED RATE AFFINITY, LLC 2 2.75% $1,478
Ally Bank 2 3.44% $2,570
Hometown Lenders, Inc. 2 3.12% $4,931
HOMESTAR FINANCIAL CORPORATION 2 3.19% $1,104
Loan Simple, Inc. 2 2.88% $3,040
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.69% $3,388
Strong Home Mortgage, LLC 2 2.81% $3,982
EVERETT FINANCIAL, INC. 2 3.63% $2,098
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 3.38% $3,754
Colonial Savings, F.A. 1 2.88% $9,437
AgFirst Farm Credit Bank 1 3.25% $3,500
Citizens Tri-County Bank 1 2.75% $3,041
Chicago Mortgage Solutions LLC 1 3.12% $738
Capital City Home Loans, LLC 1 2.75% $2,470
CANOPY MORTGAGE, LLC 1 2.99% $1,195
Republic Bank & Trust Company 1 3.50% $3,133
WINNPOINTE CORPORATION 1 3.75% $0
Cadence Bank, N.A. 1 2.75% $550
LAND HOME FINANCIAL SERVICES, INC. 1 3.38% $3,378
SOUTHWEST FUNDING, LP 1 3.50% $4,088
Bank of Tennessee 1 3.25% $3,157
Axos Bank 1 2.88% $2,173
ATLANTA POSTAL 1 2.88% $2,697
ACADEMY MORTGAGE CORPORATION 1 3.25% $4,276
ARIZONA 1 3.13% $4,160
The Central Trust Bank 1 3.13% $3,661
The Old Fort Banking Company 1 3.13% $2,660
Third Federal Savings and Loan Association of Cleveland 1 2.29% $295
AmRes Corporation 1 3.50% $4,286
Truliant Federal Credit Union 1 3.50% $2,998
Tyndall Federal Credit Union 1 3.13% $2,129
UBS Bank USA 1 2.50% $5,325
UNIFY FINANCIAL Credit Union 1 3.05% $1,134
UNION HOME MORTGAGE CORP. 1 2.75% $2,494
United Fidelity Funding Corp. 1 2.75% $3,823
AMERICAN FINANCIAL NETWORK, INC. 1 3.25% $6,065
HOMESPIRE MORTGAGE CORPORATION 1 3.13% $5,522
Home Federal Bank of Tennessee 1 3.50% $2,787
KeyBank 1 2.88% $3,195
LADERA LENDING, INC. 1 4.13% $4,583
LAKEVIEW LOAN SERVICING, LLC 1 2.88% $7,128
Southern First Bank 1 3.00% $3,082
Leader Bank 1 2.75% $3,854
GUILD MORTGAGE COMPANY 1 2.99% $6,861
LENDERFI, INC. 1 2.75% $3,658
LOCAL GOVERNMENT FEDERAL CREDIT UNION 1 3.15% $2,514
Magnolia Bank 1 3.38% $3,273
Mazuma Credit Union 1 3.50% $3,385
MCLEAN MORTGAGE CORPORATION 1 2.63% $2,796
GREAT WESTERN FINANCIAL SERVICES, INC. 1 3.50% $3,507
MORIA DEVELOPMENT, INC. 1 3.25% $2,697
GEORGIA UNITED 1 2.63% $3,354
First Option Mortgage, LLC 1 3.13% $3,250
First-Citizens Bank & Trust Company 1 3.38% $1,508
FINANCE OF AMERICA MORTGAGE LLC 1 2.99% $3,421
Fifth Third Bank 1 3.38% $5,565
Nations Lending Corporation 1 2.88% $8,187
NEW DAY FINANCIAL, LLC 1 2.99% $3,098
NP, Inc. 1 3.13% $1,485
ON Q FINANCIAL, INC. 1 3.38% $3,956
Waterstone Mortgage Corporation 1 3.00% $6,994
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 4.88% $6,464
DAS Acquisition Company, LLC 1 3.25% $2,573
Countybank 1 3.63% $3,011
PENTAGON FEDERAL CREDIT UNION 1 2.88% $1,317
PHH Mortgage Corporation 1 4.50% $5,289

CLEVELAND, TN's 165 lenders originated 4,848 loans during 2021. The total origination value was $1,027,150,000, with an average loan value of $211,871.

The top CLEVELAND lender as defined by loan originations is QUICKEN LOANS, LLC, with 168 loans originated. Their average total fees are $4,621, which is $2,078 higher than the next largest lender, First Citizens National Bank.

The lowest fee CLEVELAND lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,000), First Citizens National Bank ($2,544), U.S. Bank ($2,560), BETTER MORTGAGE CORPORATION ($2,589) and BancorpSouth Bank ($2,786).

The lowest rate CLEVELAND lenders (with over 10 loans originated) are AMERISAVE MORTGAGE CORPORATION (2.81%), BETTER MORTGAGE CORPORATION (2.84%), COMMUNITY MORTGAGE CORPORATION (2.87%), DHI MORTGAGE COMPANY, LTD. (2.92%) and First Citizens National Bank (2.95%).

CLEVELAND, TN Lender Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
QUICKEN LOANS, LLC $62,165,000 $77,590,000 24.8% 7.6%
Bank of Cleveland $90,875,000 $76,575,000 -15.7% 7.5%
First Citizens National Bank $70,300,000 $73,445,000 4.5% 7.2%
United Community Bank $58,295,000 $50,690,000 -13.0% 4.9%
CMG MORTGAGE, INC. $33,795,000 $34,295,000 1.5% 3.3%
TENNESSEE VALLEY $25,600,000 $34,145,000 33.4% 3.3%
FREEDOM MORTGAGE CORPORATION $28,710,000 $31,840,000 10.9% 3.1%
WALKER & DUNLOP, LLC $31,435,000 $30,935,000 -1.6% 3.0%
TJC Mortgage, Inc. $28,305,000 $28,725,000 1.5% 2.8%
UNITED WHOLESALE MORTGAGE, LLC $15,020,000 $28,270,000 88.2% 2.8%
Regions Bank $24,835,000 $22,140,000 -10.9% 2.2%
MOVEMENT MORTGAGE, LLC $16,650,000 $21,340,000 28.2% 2.1%
SmartBank $1,985,000 $20,330,000 924.2% 2.0%
MORTGAGE INVESTORS GROUP, INC. $13,340,000 $19,720,000 47.8% 1.9%
FirstBank $14,545,000 $15,830,000 8.8% 1.5%
Truist Bank $12,610,000 $15,205,000 20.6% 1.5%
CapStar Bank $25,785,000 $14,525,000 -43.7% 1.4%
Pinnacle Bank $405,000 $14,025,000 3,363.0% 1.4%
BancorpSouth Bank $12,545,000 $13,640,000 8.7% 1.3%
CALIBER HOME LOANS, INC. $8,645,000 $13,280,000 53.6% 1.3%
Mortgage Research Center, LLC $7,915,000 $12,885,000 62.8% 1.3%
MEMBER FIRST MORTGAGE, LLC $4,500,000 $12,755,000 183.4% 1.2%
Santander Bank, N.A. $12,705,000 n/a 1.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $11,880,000 $12,165,000 2.4% 1.2%
STOCKTON MORTGAGE CORPORATION $8,890,000 $11,665,000 31.2% 1.1%
LOANDEPOT.COM, LLC $5,775,000 $10,955,000 89.7% 1.1%
PENNYMAC LOAN SERVICES, LLC $2,670,000 $10,835,000 305.8% 1.1%
HOME POINT FINANCIAL CORPORATION $12,860,000 $9,875,000 -23.2% 1.0%
ISERVE RESIDENTIAL LENDING, LLC $9,040,000 $8,560,000 -5.3% 0.8%
BROKER SOLUTIONS, INC. $5,485,000 $8,530,000 55.5% 0.8%
Wells Fargo Bank $6,505,000 $8,455,000 30.0% 0.8%
BETTER MORTGAGE CORPORATION $2,685,000 $7,490,000 179.0% 0.7%
AMERISAVE MORTGAGE CORPORATION $8,930,000 $7,045,000 -21.1% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $7,210,000 $6,890,000 -4.4% 0.7%
First Horizon Bank $7,525,000 $6,570,000 -12.7% 0.6%
Citizens Bank $285,000 $6,480,000 2,173.7% 0.6%
U.S. Bank $5,855,000 $6,445,000 10.1% 0.6%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $1,830,000 $6,145,000 235.8% 0.6%
Andrew Johnson Bank $8,950,000 $5,925,000 -33.8% 0.6%
Bowater Employees Credit Union $1,190,000 $5,840,000 390.8% 0.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,385,000 $5,395,000 23.0% 0.5%
COMMUNITY MORTGAGE CORPORATION $3,200,000 $5,235,000 63.6% 0.5%
VANDERBILT MORTGAGE AND FINANCE, INC. $3,975,000 $4,820,000 21.3% 0.5%
DHI MORTGAGE COMPANY, LTD. $4,705,000 n/a 0.5%
LAKEVIEW LOAN SERVICING, LLC $1,395,000 $4,460,000 219.7% 0.4%
Farm Credit Mid-America, ACA $6,470,000 $4,420,000 -31.7% 0.4%
SouthEast Bank $3,895,000 $4,185,000 7.4% 0.4%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,615,000 $4,115,000 154.8% 0.4%
Renasant Bank $2,455,000 $3,935,000 60.3% 0.4%
USAA Federal Savings Bank $5,605,000 $3,805,000 -32.1% 0.4%
NEW DAY FINANCIAL, LLC $4,740,000 $3,765,000 -20.6% 0.4%
JPMorgan Chase Bank $2,275,000 $3,750,000 64.8% 0.4%
FIRST COMMUNITY MORTGAGE, INC. $5,240,000 $3,650,000 -30.3% 0.4%
NAVY FEDERAL CREDIT UNION $3,710,000 $3,555,000 -4.2% 0.3%
First US Bank $3,355,000 n/a 0.3%
Bank of America $1,520,000 $3,270,000 115.1% 0.3%
LEADERONE FINANCIAL CORPORATION $265,000 $3,235,000 1,120.8% 0.3%
NEWREZ LLC $2,805,000 $3,110,000 10.9% 0.3%
SUCCESS MORTGAGE PARTNERS, INC. $960,000 $2,600,000 170.8% 0.3%
SUMMIT FUNDING, INC. $4,225,000 $2,545,000 -39.8% 0.2%
Gateway First Bank $3,080,000 $2,495,000 -19.0% 0.2%
Carrington Mortgage Services, LLC $3,920,000 $2,450,000 -37.5% 0.2%
InterContinental Capital Group, Inc $1,415,000 $2,365,000 67.1% 0.2%
CROSSCOUNTRY MORTGAGE, LLC $715,000 $2,350,000 228.7% 0.2%
PANORAMA MORTGAGE GROUP, LLC $2,025,000 $2,325,000 14.8% 0.2%
Independent Bank $1,860,000 $2,280,000 22.6% 0.2%
CHURCHILL MORTGAGE CORPORATION $3,125,000 $2,275,000 -27.2% 0.2%
Citizens Bank $285,000 $2,210,000 675.4% 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,380,000 $2,170,000 57.2% 0.2%
Barrington Bank & Trust Company, N.A. $415,000 $2,155,000 419.3% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $2,650,000 $2,150,000 -18.9% 0.2%
GENEVA FINANCIAL, LLC $975,000 $2,125,000 117.9% 0.2%
Flagstar Bank, FSB $770,000 $2,090,000 171.4% 0.2%
First Volunteer Bank $5,170,000 $2,080,000 -59.8% 0.2%
GUARANTEED RATE, INC. $185,000 $1,975,000 967.6% 0.2%
RELIANCE FIRST CAPITAL, LLC $1,095,000 $1,885,000 72.1% 0.2%
Bank of England $2,765,000 $1,830,000 -33.8% 0.2%
First Guaranty Mortgage Corporation $510,000 $1,785,000 250.0% 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $2,560,000 $1,715,000 -33.0% 0.2%
AMERICAN FINANCING CORPORATION $230,000 $1,645,000 615.2% 0.2%
River Valley AgCredit, ACA $1,000,000 $1,630,000 63.0% 0.2%
PNC Bank $630,000 $1,580,000 150.8% 0.2%
MILLENNIUM BANK $770,000 $1,570,000 103.9% 0.2%
CRESCENT MORTGAGE COMPANY $95,000 $1,515,000 1,494.7% 0.1%
The Federal Savings Bank $980,000 $1,515,000 54.6% 0.1%
AmeriHome Mortgage Company, LLC $1,970,000 $1,495,000 -24.1% 0.1%
CHERRY CREEK MORTGAGE, LLC $1,495,000 n/a 0.1%
ORNL Federal Credit Union $1,230,000 $1,475,000 19.9% 0.1%
MORTGAGE ACCESS CORP. $655,000 $1,465,000 123.7% 0.1%
Sierra Pacific Mortgage Company, Inc. $185,000 $1,465,000 691.9% 0.1%
Wolfe Financial, Inc $1,090,000 $1,460,000 33.9% 0.1%
SWBC MORTGAGE CORPORATION $740,000 $1,430,000 93.2% 0.1%
ZILLOW HOME LOANS, LLC $1,345,000 n/a 0.1%
Ally Bank $480,000 $1,285,000 167.7% 0.1%
CU COMMUNITY, LLC $2,035,000 $1,285,000 -36.9% 0.1%
Low VA Rates, LLC $1,410,000 $1,280,000 -9.2% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $1,005,000 $1,280,000 27.4% 0.1%
AgFirst Farm Credit Bank $1,915,000 $1,275,000 -33.4% 0.1%
Legends Bank $920,000 $1,250,000 35.9% 0.1%
Mountain Valley Bank $1,420,000 $1,200,000 -15.5% 0.1%
Northpointe Bank $1,015,000 $1,190,000 17.2% 0.1%
UBS Bank USA $755,000 $1,120,000 48.3% 0.1%
EASTMAN $720,000 $1,090,000 51.4% 0.1%
CLEARPATH LENDING $2,250,000 $1,085,000 -51.8% 0.1%
HOMESIDE FINANCIAL, LLC $720,000 $1,035,000 43.8% 0.1%
KS StateBank $505,000 $1,030,000 104.0% 0.1%
Princeton Mortgage Corporation $1,010,000 n/a 0.1%
Third Federal Savings and Loan Association of Cleveland $1,820,000 $995,000 -45.3% 0.1%
Hometown Lenders, Inc. $670,000 $985,000 47.0% 0.1%
Loan Simple, Inc. $365,000 $985,000 169.9% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $3,660,000 $950,000 -74.0% 0.1%
SOUTHWEST FUNDING, LP $875,000 $895,000 2.3% 0.1%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $1,240,000 $890,000 -28.2% 0.1%
Ameris Bank $990,000 $880,000 -11.1% 0.1%
Strong Home Mortgage, LLC $870,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $1,775,000 $850,000 -52.1% 0.1%
SOUTHEAST MORTGAGE OF GEORGIA, INC. $840,000 n/a 0.1%
21ST MORTGAGE CORPORATION $605,000 $830,000 37.2% 0.1%
Peoples Bank of East Tennessee $665,000 $830,000 24.8% 0.1%
Simply Bank $895,000 $825,000 -7.8% 0.1%
KELLER MORTGAGE, LLC $865,000 $815,000 -5.8% 0.1%
EVERETT FINANCIAL, INC. $2,065,000 $790,000 -61.7% 0.1%
Wyndham Capital Mortgage, Inc. $550,000 $780,000 41.8% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $770,000 n/a 0.1%
North American Savings Bank, F.S.B. $760,000 $720,000 -5.3% 0.1%
Synovus Bank $1,210,000 $720,000 -40.5% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $1,070,000 $715,000 -33.2% 0.1%
SIRVA MORTGAGE, INC. $550,000 $715,000 30.0% 0.1%
Nations Lending Corporation $540,000 $710,000 31.5% 0.1%
ROYAL UNITED MORTGAGE LLC $1,295,000 $710,000 -45.2% 0.1%
GUARANTEED RATE AFFINITY, LLC $235,000 $675,000 187.2% 0.1%
VAN DYK MORTGAGE CORPORATION $165,000 $640,000 287.9% 0.1%
Citizens Tri-County Bank $275,000 $585,000 112.7% 0.1%
PLANET HOME LENDING, LLC $700,000 $565,000 -19.3% 0.1%
Carrollton Bank $560,000 n/a 0.1%
ACADEMY MORTGAGE CORPORATION $545,000 n/a 0.1%
Ukrainian Federal Credit Union $505,000 n/a 0.0%
ASCEND FEDERAL CREDIT UNION $495,000 n/a 0.0%
TOWNE MORTGAGE COMPANY $1,750,000 $495,000 -71.7% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $1,155,000 $490,000 -57.6% 0.0%
Discover Bank $125,000 $480,000 284.0% 0.0%
UNION HOME MORTGAGE CORP. $425,000 $480,000 12.9% 0.0%
BNC National Bank $475,000 n/a 0.0%
ENDEAVOR CAPITAL, LLC. $815,000 $475,000 -41.7% 0.0%
Y-12 Federal Credit Union $1,165,000 $450,000 -61.4% 0.0%
MID AMERICA MORTGAGE, INC. $115,000 $440,000 282.6% 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $440,000 n/a 0.0%
LENOX FINANCIAL MORTGAGE CORPORATION $280,000 $435,000 55.4% 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $430,000 n/a 0.0%
MCLEAN MORTGAGE CORPORATION $425,000 $425,000 0.0% 0.0%
Capital City Home Loans, LLC $420,000 n/a 0.0%
DAS Acquisition Company, LLC $420,000 $420,000 0.0% 0.0%
LIBERTY HOME MORTGAGE CORPORATION $235,000 $420,000 78.7% 0.0%
1ST SIGNATURE LENDING, LLC $800,000 $415,000 -48.1% 0.0%
PHH Mortgage Corporation $510,000 $415,000 -18.6% 0.0%
First Federal Bank $235,000 $410,000 74.5% 0.0%
Prosperity Home Mortgage, LLC $1,685,000 $410,000 -75.7% 0.0%
Manufacturers and Traders Trust Company $85,000 $405,000 376.5% 0.0%
Republic Bank & Trust Company $400,000 $405,000 1.3% 0.0%
Virginia National Bank $405,000 n/a 0.0%
Magnolia Bank $105,000 $400,000 281.0% 0.0%
MORIA DEVELOPMENT, INC. $195,000 $400,000 105.1% 0.0%
Peoples Bank $400,000 n/a 0.0%
EMM LOANS LLC $420,000 $395,000 -6.0% 0.0%
SOUTHWEST STAGE FUNDING, LLC $290,000 $395,000 36.2% 0.0%
Leader Bank $385,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $85,000 $370,000 335.3% 0.0%
First Internet Bank of Indiana $365,000 n/a 0.0%
AmRes Corporation $350,000 n/a 0.0%
Cadence Bank, N.A. $460,000 $350,000 -23.9% 0.0%
AMERICAN ADVISORS GROUP $280,000 $345,000 23.2% 0.0%
Consumer First Mortgage, Inc. $345,000 n/a 0.0%
BANKSOUTH MORTGAGE COMPANY, LLC $570,000 $340,000 -40.4% 0.0%
Figure Lending LLC $15,000 $340,000 2,166.7% 0.0%
GUILD MORTGAGE COMPANY $340,000 n/a 0.0%
Resource Bank, N.A. $325,000 n/a 0.0%
Waterstone Mortgage Corporation $325,000 n/a 0.0%
Colten Mortgage, LLC $165,000 $320,000 93.9% 0.0%
Axos Bank $315,000 n/a 0.0%
PLAZA HOME MORTGAGE, INC. $315,000 n/a 0.0%
Apex Bank $310,000 n/a 0.0%
Fifth Third Bank $235,000 $300,000 27.7% 0.0%
HOMESTAR FINANCIAL CORPORATION $175,000 $300,000 71.4% 0.0%
UNITED MORTGAGE CORP. $300,000 n/a 0.0%
First Home Bank $390,000 $295,000 -24.4% 0.0%
Meridian Bank Corporation $295,000 n/a 0.0%
BM Real Estate Services, Inc. $285,000 n/a 0.0%
First Mortgage Solutions, LLC $285,000 n/a 0.0%
SOUTHERN TRUST MORTGAGE, LLC $285,000 n/a 0.0%
SPRING EQ, LLC $730,000 $285,000 -61.0% 0.0%
Mazuma Credit Union $275,000 n/a 0.0%
The Central Trust Bank $550,000 $275,000 -50.0% 0.0%
Countybank $440,000 $265,000 -39.8% 0.0%
Portage Community Bank $265,000 n/a 0.0%
LOCAL GOVERNMENT FEDERAL CREDIT UNION $260,000 n/a 0.0%
Alcova Mortgage LLC $95,000 $250,000 163.2% 0.0%
GEORGIA UNITED $270,000 $245,000 -9.3% 0.0%
The Huntington National Bank $245,000 n/a 0.0%
HOMESPIRE MORTGAGE CORPORATION $235,000 n/a 0.0%
KNOXVILLE TVA EMPLOYEES CREDIT UNION $315,000 $235,000 -25.4% 0.0%
REVERSE MORTGAGE FUNDING LLC $235,000 n/a 0.0%
SeaTrust Mortgage Company $235,000 n/a 0.0%
The First National Bank of Middle Tennessee $225,000 $235,000 4.4% 0.0%
Watermark Capital, Inc. $235,000 n/a 0.0%
ARIZONA $225,000 n/a 0.0%
CANOPY MORTGAGE, LLC $225,000 n/a 0.0%
Colonial Savings, F.A. $215,000 $225,000 4.7% 0.0%
LADERA LENDING, INC. $225,000 n/a 0.0%
Mid-Continent Funding, Inc. $265,000 $225,000 -15.1% 0.0%
NP, Inc. $225,000 n/a 0.0%
One Bank of Tennessee $865,000 $225,000 -74.0% 0.0%
Citizens National Bank $215,000 n/a 0.0%
CIVIC FINANCIAL SERVICES, LLC $215,000 n/a 0.0%
HOMESTEAD FUNDING CORP. $445,000 $215,000 -51.7% 0.0%
SUN WEST MORTGAGE COMPANY, INC. $185,000 $215,000 16.2% 0.0%
CITIZENS EQUITY FIRST $205,000 n/a 0.0%
RANLIFE, INC. $205,000 n/a 0.0%
Southern First Bank $205,000 n/a 0.0%
The Old Fort Banking Company $205,000 n/a 0.0%
Bank of the West $195,000 n/a 0.0%
PACIFIC RESIDENTIAL MORTGAGE, LLC $195,000 n/a 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $255,000 $195,000 -23.5% 0.0%
Home Federal Bank of Tennessee $185,000 n/a 0.0%
THE TENNESSEE CREDIT UNION $185,000 n/a 0.0%
Bank of Tennessee $175,000 n/a 0.0%
DATA MORTGAGE, INC. $175,000 n/a 0.0%
Plains Commerce Bank $175,000 n/a 0.0%
United Fidelity Funding Corp. $475,000 $175,000 -63.2% 0.0%
ACOPIA, LLC $165,000 n/a 0.0%
LENDUS, LLC $425,000 $165,000 -61.2% 0.0%
OCEANSIDE MORTGAGE COMPANY $145,000 $165,000 13.8% 0.0%
Chicago Mortgage Solutions LLC $155,000 n/a 0.0%
Citadel Servicing Corporation $155,000 n/a 0.0%
First-Citizens Bank & Trust Company $75,000 $155,000 106.7% 0.0%
LENDERFI, INC. $155,000 n/a 0.0%
WINNPOINTE CORPORATION $155,000 n/a 0.0%
AMERIFIRST FINANCIAL CORPORATION $145,000 n/a 0.0%
Assurance Financial Group, L.L.C. $145,000 n/a 0.0%
GREAT WESTERN FINANCIAL SERVICES, INC. $85,000 $145,000 70.6% 0.0%
LAND HOME FINANCIAL SERVICES, INC. $1,645,000 $145,000 -91.2% 0.0%
ON Q FINANCIAL, INC. $145,000 n/a 0.0%
THRIVE MORTGAGE, LLC $260,000 $145,000 -44.2% 0.0%
Truliant Federal Credit Union $145,000 n/a 0.0%
First Option Mortgage, LLC $165,000 $135,000 -18.2% 0.0%
LOANPAL, LLC $205,000 $135,000 -34.1% 0.0%
Peoples Bank of the South $135,000 n/a 0.0%
Simmons Bank $555,000 $135,000 -75.7% 0.0%
Tyndall Federal Credit Union $135,000 n/a 0.0%
UNIFY FINANCIAL Credit Union $650,000 $135,000 -79.2% 0.0%
AMERICAN INTERNET MORTGAGE, INC. $125,000 n/a 0.0%
KeyBank $125,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $180,000 $120,000 -33.3% 0.0%
GUARANTY HOME MORTGAGE CORPORATION $95,000 $115,000 21.1% 0.0%
Citibank $330,000 $105,000 -68.2% 0.0%
First Bank $520,000 $105,000 -79.8% 0.0%
Paramount Residential Mortgage Group, Inc. $145,000 $105,000 -27.6% 0.0%
Bethpage Federal Credit Union $225,000 $95,000 -57.8% 0.0%
FINANCE OF AMERICA MORTGAGE LLC $185,000 $95,000 -48.6% 0.0%
Mountain Commerce Bank $95,000 n/a 0.0%
ATLANTA POSTAL $85,000 n/a 0.0%
Fortera Federal Credit Union $25,000 $85,000 240.0% 0.0%
1st Franklin Financial Corporation $80,000 n/a 0.0%
First Reliance Bank $55,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $45,000 n/a 0.0%

CLEVELAND's top lender by overall market share is QUICKEN LOANS, LLC, with 7.6% market share. In second place, with 7.5%, is Bank of Cleveland, having originated $76,575,000 in loans. In third place, with 7.2%, is First Citizens National Bank, having originated $73,445,000 in loans. In third place, with 4.9%, is United Community Bank, having originated $50,690,000 in loans. In third place, with 3.3%, is CMG MORTGAGE, INC., having originated $34,295,000 in loans.


CLEVELAND, TN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,089 $490,015,000 $234,569
Refi 1,567 $303,935,000 $193,960
Cash Out Refi 954 $181,070,000 $189,801
Home Improvement 125 $41,945,000 $335,560
Other 113 $10,185,000 $90,133

Cleveland's most frequently cited loan purpose was Home Purchase, with 2,089 originations. The 2nd most popular reason was Refi, with 1,567 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 1,729 $395,935,000 $228,997
3-4% 1,581 $334,515,000 $211,584
<2.5% 752 $156,420,000 $208,005
4-5% 183 $27,385,000 $149,645
Over 8% 52 $4,250,000 $81,731
5-6% 36 $3,920,000 $108,889
6-7% 25 $2,415,000 $96,600
7-8% 11 $915,000 $83,182

During 2021, Cleveland's most frequently originated rate bucket was 2.5-3%, with 1,729 originations.

Loan Sizing (CLEVELAND, TN MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 2,152 $325,720,000 $151,357
$200k-400k 1,780 $476,230,000 $267,545
$100,000 or less 673 $44,615,000 $66,293
$400k-600k 197 $93,155,000 $472,868
$600k-1000k 36 $28,400,000 $788,889
$Over $1MM 10 $59,030,000 $5,903,000

CLEVELAND's loan sizing saw the bucket of loans from $100k-200k with 2,152 originations, totaling $325,720,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,743 $402,785,000 $231,087
60-80% 1,376 $309,230,000 $224,731
40-60% 586 $95,520,000 $163,003
20-40% 275 $29,215,000 $106,236
Under 20% 135 $5,385,000 $39,889
Over 100% 53 $45,805,000 $864,245

CLEVELAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,743 originations, totaling $402,785,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - CLEVELAND (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $239,900 (20.0%) $290,982 (16.3%) 0.00 603
2018-02-01 $242,900 (18.5%) $293,742 (16.0%) 0.00 594
2018-03-01 $244,900 (16.7%) $295,826 (15.2%) 0.00 604
2018-04-01 $239,900 (14.3%) $297,753 (15.2%) 0.00 570
2018-05-01 $237,450 (8.2%) $299,230 (12.4%) 0.00 560
2018-06-01 $229,900 (2.2%) $296,990 (10.1%) 0.00 620
2018-07-01 $238,250 (8.3%) $295,875 (11.4%) 0.00 634
2018-08-01 $232,400 (-1.1%) $289,631 (3.3%) 0.00 686
2018-09-01 $234,900 (0.0%) $285,766 (1.5%) 0.00 786
2018-10-01 $236,500 (-1.4%) $291,338 (0.2%) 0.00 737
2018-11-01 $242,500 (1.5%) $298,748 (5.5%) 0.00 695
2018-12-01 $247,000 (3.4%) $294,806 (5.8%) 0.00 657
2019-01-01 $246,000 (2.5%) $295,799 (1.7%) 0.00 599
2019-02-01 $249,900 (2.9%) $291,791 (-0.7%) 0.00 577
2019-03-01 $249,943 (2.1%) $298,129 (0.8%) 0.00 558
2019-04-01 $249,943 (4.2%) $302,063 (1.5%) 0.00 541
2019-05-01 $249,900 (5.2%) $297,713 (-0.5%) 0.00 568
2019-06-01 $250,000 (8.7%) $303,311 (2.1%) 0.00 611
2019-07-01 $252,450 (6.0%) $320,677 (8.4%) 0.00 636
2019-08-01 $252,757 (8.8%) $324,957 (12.2%) 0.00 642
2019-09-01 $254,557 (8.4%) $328,018 (14.8%) 0.00 655
2019-10-01 $255,000 (7.8%) $329,710 (13.2%) 0.00 669
2019-11-01 $249,900 (3.1%) $328,200 (9.9%) 0.00 647
2019-12-01 $247,450 (0.2%) $325,122 (10.3%) 0.00 610
2020-01-01 $244,950 (-0.4%) $315,325 (6.6%) 0.00 558
2020-02-01 $249,900 (0.0%) $314,159 (7.7%) 0.00 515
2020-03-01 $249,950 (0.0%) $324,912 (9.0%) 0.00 500
2020-04-01 $252,450 (1.0%) $340,767 (12.8%) 0.00 505
2020-05-01 $259,900 (4.0%) $367,681 (23.5%) 0.00 468
2020-06-01 $279,900 (12.0%) $390,057 (28.6%) 0.00 390
2020-07-01 $288,700 (14.4%) $378,780 (18.1%) 0.00 322
2020-08-01 $295,000 (16.7%) $393,237 (21.0%) 0.00 313
2020-09-01 $290,900 (14.3%) $393,952 (20.1%) 0.00 322
2020-10-01 $275,000 (7.8%) $372,084 (12.9%) 0.00 316
2020-11-01 $270,700 (8.3%) $371,933 (13.3%) 0.00 320
2020-12-01 $272,200 (10.0%) $364,042 (12.0%) 0.00 264
2021-01-01 $280,000 (14.3%) $373,323 (18.4%) 0.00 197
2021-02-01 $287,450 (15.0%) $390,067 (24.2%) 0.00 179
2021-03-01 $284,450 (13.8%) $363,810 (12.0%) 0.00 165
2021-04-01 $281,383 (11.5%) $361,047 (6.0%) 0.00 175
2021-05-01 $280,000 (7.7%) $358,668 (-2.5%) 0.00 181
2021-06-01 $286,263 (2.3%) $389,110 (-0.2%) 0.00 217
2021-07-01 $289,450 (0.3%) $417,621 (10.3%) 0.00 235
2021-08-01 $299,450 (1.5%) $411,470 (4.6%) 0.00 301
2021-09-01 $313,950 (7.9%) $441,761 (12.1%) 0.00 314
2021-10-01 $316,900 (15.2%) $456,466 (22.7%) 0.00 300
2021-11-01 $346,950 (28.2%) $510,061 (37.1%) 0.00 243
2021-12-01 $352,500 (29.5%) $502,055 (37.9%) 0.00 249
2022-01-01 $369,900 (32.1%) $533,117 (42.8%) 0.00 195
2022-02-01 $385,400 (34.1%) $573,327 (47.0%) 0.00 159
2022-03-01 $362,500 (27.4%) $546,856 (50.3%) 0.00 157
2022-04-01 $409,900 (45.7%) $549,259 (52.1%) 0.00 197
CLEVELAND's median listing price for 2022-04-01 was $409,900, a difference of $128,517 (45.7%) versus the prior year and $47,400 versus the prior month.

CLEVELAND's median listing price comes in at 0% of the national average.

CLEVELAND's average listing price for 2022-04-01 was $549,259, a difference of $188,212 (52.1%) versus the prior year and $2,403 versus the prior month.

For the 2022-04-01 period, CLEVELAND had 197 MLS listings, a difference of 40 listings (25%) versus the prior month and 22 listings (13%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - CLEVELAND (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,150 sqft
2018-02-01 0 days 2,156 sqft
2018-03-01 0 days 2,192 sqft
2018-04-01 0 days 2,156 sqft
2018-05-01 0 days 2,125 sqft
2018-06-01 0 days 2,084 sqft
2018-07-01 0 days 2,138 sqft
2018-08-01 0 days 2,081 sqft
2018-09-01 0 days 2,088 sqft
2018-10-01 0 days 2,017 sqft
2018-11-01 0 days 2,097 sqft
2018-12-01 0 days 2,112 sqft
2019-01-01 0 days 2,110 sqft
2019-02-01 0 days 2,122 sqft
2019-03-01 0 days 2,148 sqft
2019-04-01 0 days 2,157 sqft
2019-05-01 0 days 2,135 sqft
2019-06-01 0 days 2,199 sqft
2019-07-01 0 days 2,209 sqft
2019-08-01 0 days 2,248 sqft
2019-09-01 0 days 2,258 sqft
2019-10-01 0 days 2,243 sqft
2019-11-01 0 days 2,151 sqft
2019-12-01 0 days 2,100 sqft
2020-01-01 0 days 2,100 sqft
2020-02-01 0 days 2,081 sqft
2020-03-01 0 days 2,107 sqft
2020-04-01 0 days 2,106 sqft
2020-05-01 0 days 2,120 sqft
2020-06-01 0 days 2,241 sqft
2020-07-01 0 days 2,311 sqft
2020-08-01 0 days 2,288 sqft
2020-09-01 0 days 2,251 sqft
2020-10-01 0 days 2,100 sqft
2020-11-01 0 days 2,052 sqft
2020-12-01 0 days 1,976 sqft
2021-01-01 0 days 1,898 sqft
2021-02-01 0 days 2,000 sqft
2021-03-01 0 days 2,007 sqft
2021-04-01 0 days 1,991 sqft
2021-05-01 0 days 1,885 sqft
2021-06-01 0 days 1,954 sqft
2021-07-01 0 days 1,933 sqft
2021-08-01 0 days 1,885 sqft
2021-09-01 0 days 1,945 sqft
2021-10-01 0 days 1,924 sqft
2021-11-01 0 days 2,082 sqft
2021-12-01 0 days 2,125 sqft
2022-01-01 0 days 2,138 sqft
2022-02-01 0 days 2,224 sqft
2022-03-01 0 days 2,182 sqft
2022-04-01 0 days 2,218 sqft
CLEVELAND's median listing age (time on market) for 2022-04-01 was 0 days.

CLEVELAND's median square footage for active listings during the 2022-04-01 period was 2,218 sqft. One year prior, the average listing was 1,991 sqft.