CLEVELAND Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Cleveland averaged
6.63%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.96% and
one month ago for the week of 2023-02-09, the
average rate was 6.35%.
Cleveland's average rate one year ago was 3.58%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.68%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Cleveland 30 Year Fixed Rate | 2023-03-16 | 6.63% |
| Cleveland 30 Year Fixed Rate Refi | 2023-03-16 | 6.68% |
| Cleveland 15 Year Fixed Rate | 2023-03-16 | 6.17% |
| Cleveland 15 Year Fixed Rate Refi | 2023-03-16 | 6.52% |
| Cleveland 30 Year FHA | 2023-03-16 | 6.26% |
| Cleveland 30 Year FHA Refi | 2023-03-16 | 6.14% |
| Cleveland 30 Year USDA | 2023-03-16 | 6.35% |
| Cleveland 30 Year USDA Refi | 2023-03-16 | 6.26% |
| Cleveland 30 Year VA | 2023-03-16 | 6.29% |
| Cleveland 30 Year VA Refi | 2023-03-16 | 5.92% |
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 lender, 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.).
CLEVELAND Average Closing Costs & Other Stats
CLEVELAND, TN's 154 lenders originated 3,422
loans during 2022. The total origination value was $767,940,000, with an average loan value of
$224,413.
CLEVELAND's average closing costs are $4,982.
The top CLEVELAND lender as defined by loan originations is QUICKEN LOANS, LLC, with
100 loans originated. Their average total fees are
$6,703, which is $3,560
higher than the next largest lender,
First Citizens National Bank.
The lowest fee CLEVELAND lenders (with over 10 loans originated) are
ARK-LA-TEX FINANCIAL SERVICES, LLC. ($3,014), First Citizens National Bank ($3,143), BancorpSouth Bank ($3,293), SmartBank ($3,615) and FirstBank ($3,748).
The lowest rate CLEVELAND lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (4.16%), SmartBank (4.35%), TJC Mortgage, Inc. (4.35%), TENNESSEE VALLEY (4.36%) and Mr. Cooper ( Nationstar Mortgage ) (4.37%).
CLEVELAND, TN Mortgage 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Bank of Cleveland | $76,575,000 | $52,980,000 | -30.8% | 6.9% |
| QUICKEN LOANS, LLC | $77,590,000 | $44,305,000 | -42.9% | 5.8% |
| TENNESSEE VALLEY | $34,145,000 | $41,920,000 | 22.8% | 5.5% |
| First Citizens National Bank | $73,445,000 | $39,010,000 | -46.9% | 5.1% |
| United Community Bank | $50,690,000 | $38,135,000 | -24.8% | 5.0% |
| CMG MORTGAGE, INC. | $34,295,000 | $30,705,000 | -10.5% | 4.0% |
| DHI MORTGAGE COMPANY, LTD. | $4,705,000 | $21,075,000 | 347.9% | 2.7% |
| Regions Bank | $22,140,000 | $20,620,000 | -6.9% | 2.7% |
| MORTGAGE INVESTORS GROUP, INC. | $19,720,000 | $16,045,000 | -18.6% | 2.1% |
| Mortgage Research Center, LLC | $12,885,000 | $15,845,000 | 23.0% | 2.1% |
| CapStar Bank | $14,525,000 | $14,985,000 | 3.2% | 2.0% |
| HOME POINT FINANCIAL CORPORATION | $9,875,000 | $14,210,000 | 43.9% | 1.9% |
| Andrew Johnson Bank | $5,925,000 | $13,460,000 | 127.2% | 1.8% |
| TJC Mortgage, Inc. | $28,725,000 | $13,435,000 | -53.2% | 1.7% |
| First Horizon Bank | $6,570,000 | $12,960,000 | 97.3% | 1.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $28,270,000 | $12,730,000 | -55.0% | 1.7% |
| FirstBank | $15,830,000 | $12,620,000 | -20.3% | 1.6% |
| Truist | $15,205,000 | $12,550,000 | -17.5% | 1.6% |
| SmartBank | $20,330,000 | $12,410,000 | -39.0% | 1.6% |
| FREEDOM MORTGAGE CORPORATION | $31,840,000 | $11,895,000 | -62.6% | 1.5% |
| LOANDEPOT.COM, LLC | $10,955,000 | $11,490,000 | 4.9% | 1.5% |
| CALIBER HOME LOANS, INC. | $13,280,000 | $11,350,000 | -14.5% | 1.5% |
| MOVEMENT MORTGAGE, LLC | $21,340,000 | $10,840,000 | -49.2% | 1.4% |
| Pinnacle Bank | $14,025,000 | $9,885,000 | -29.5% | 1.3% |
| BancorpSouth Bank | $13,640,000 | $9,840,000 | -27.9% | 1.3% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $12,165,000 | $7,720,000 | -36.5% | 1.0% |
| GREYSTONE SERVICING COMPANY LLC | $7,255,000 | n/a | 0.9% | |
| PENNYMAC LOAN SERVICES, LLC | $10,835,000 | $6,925,000 | -36.1% | 0.9% |
| Southern Bank | $6,470,000 | n/a | 0.8% | |
| U.S. Bank | $6,445,000 | $6,305,000 | -2.2% | 0.8% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $4,820,000 | $5,930,000 | 23.0% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $6,890,000 | $5,865,000 | -14.9% | 0.8% |
| Bowater Employees Credit Union | $5,840,000 | $5,790,000 | -0.9% | 0.8% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $4,115,000 | $5,670,000 | 37.8% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $3,555,000 | $5,405,000 | 52.0% | 0.7% |
| Wells Fargo Bank | $8,455,000 | $5,050,000 | -40.3% | 0.7% |
| BROKER SOLUTIONS, INC. | $8,530,000 | $4,775,000 | -44.0% | 0.6% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $6,145,000 | $4,770,000 | -22.4% | 0.6% |
| First Volunteer Bank | $2,080,000 | $4,450,000 | 113.9% | 0.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,395,000 | $4,425,000 | -18.0% | 0.6% |
| FIRST COMMUNITY MORTGAGE, INC. | $3,650,000 | $4,345,000 | 19.0% | 0.6% |
| SUCCESS MORTGAGE PARTNERS, INC. | $2,600,000 | $4,325,000 | 66.3% | 0.6% |
| ISERVE RESIDENTIAL LENDING, LLC | $8,560,000 | $4,230,000 | -50.6% | 0.6% |
| Bank of England | $1,830,000 | $3,670,000 | 100.5% | 0.5% |
| JPMorgan Chase Bank | $3,750,000 | $3,530,000 | -5.9% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $7,045,000 | $3,485,000 | -50.5% | 0.5% |
| Citizens Bank | $2,210,000 | $3,455,000 | 56.3% | 0.4% |
| Farm Credit Mid-America, ACA | $4,420,000 | $3,445,000 | -22.1% | 0.4% |
| Citizens Bank | $2,210,000 | $3,210,000 | 45.2% | 0.4% |
| COMMUNITY MORTGAGE CORPORATION | $5,235,000 | $3,165,000 | -39.5% | 0.4% |
| SouthEast Bank | $4,185,000 | $3,025,000 | -27.7% | 0.4% |
| STOCKTON MORTGAGE CORPORATION | $11,665,000 | $2,990,000 | -74.4% | 0.4% |
| MEMBER FIRST MORTGAGE, LLC | $12,755,000 | $2,950,000 | -76.9% | 0.4% |
| LEADERONE FINANCIAL CORPORATION | $3,235,000 | $2,940,000 | -9.1% | 0.4% |
| Simply Bank | $825,000 | $2,750,000 | 233.3% | 0.4% |
| Nations Lending Corporation | $710,000 | $2,515,000 | 254.2% | 0.3% |
| Oakstar Bank | $2,505,000 | n/a | 0.3% | |
| BETTER MORTGAGE CORPORATION | $7,490,000 | $2,485,000 | -66.8% | 0.3% |
| UNION HOME MORTGAGE CORP. | $480,000 | $2,400,000 | 400.0% | 0.3% |
| Northpointe Bank | $1,190,000 | $2,360,000 | 98.3% | 0.3% |
| DOMINION FINANCIAL SERVICES, LLC | $2,240,000 | n/a | 0.3% | |
| PNC Bank | $1,580,000 | $2,180,000 | 38.0% | 0.3% |
| SUMMIT FUNDING, INC. | $2,545,000 | $2,070,000 | -18.7% | 0.3% |
| MILLENNIUM BANK | $1,570,000 | $2,065,000 | 31.5% | 0.3% |
| Princeton Mortgage Corporation | $1,010,000 | $2,000,000 | 98.0% | 0.3% |
| Bank of America | $3,270,000 | $1,940,000 | -40.7% | 0.3% |
| NEW DAY FINANCIAL, LLC | $3,765,000 | $1,880,000 | -50.1% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $950,000 | $1,860,000 | 95.8% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $105,000 | $1,765,000 | 1,581.0% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $2,275,000 | $1,745,000 | -23.3% | 0.2% |
| Flagstar Bank, FSB | $2,090,000 | $1,715,000 | -17.9% | 0.2% |
| TOWNE MORTGAGE COMPANY | $495,000 | $1,675,000 | 238.4% | 0.2% |
| EVERETT FINANCIAL, INC. | $790,000 | $1,650,000 | 108.9% | 0.2% |
| PANORAMA MORTGAGE GROUP, LLC | $2,325,000 | $1,650,000 | -29.0% | 0.2% |
| Carrington Mortgage Services, LLC | $2,450,000 | $1,645,000 | -32.9% | 0.2% |
| Gateway First Bank | $2,495,000 | $1,635,000 | -34.5% | 0.2% |
| BAY EQUITY LLC | $1,480,000 | n/a | 0.2% | |
| CRESCENT MORTGAGE COMPANY | $1,515,000 | $1,455,000 | -4.0% | 0.2% |
| Simmons Bank | $135,000 | $1,450,000 | 974.1% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $2,170,000 | $1,430,000 | -34.1% | 0.2% |
| GUARANTEED RATE, INC. | $1,975,000 | $1,425,000 | -27.8% | 0.2% |
| 21ST MORTGAGE CORPORATION | $830,000 | $1,385,000 | 66.9% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,715,000 | $1,385,000 | -19.2% | 0.2% |
| Ally Bank | $1,285,000 | $1,355,000 | 5.4% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,350,000 | $1,355,000 | -42.3% | 0.2% |
| LONGBRIDGE FINANCIAL, LLC | $1,270,000 | n/a | 0.2% | |
| AgFirst Farm Credit Bank | $1,275,000 | $1,265,000 | -0.8% | 0.2% |
| Ameris Bank | $880,000 | $1,265,000 | 43.8% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $1,035,000 | $1,205,000 | 16.4% | 0.2% |
| NEWREZ LLC | $3,110,000 | $1,150,000 | -63.0% | 0.1% |
| USAA Federal Savings Bank | $3,805,000 | $1,145,000 | -69.9% | 0.1% |
| NFM, INC. | $1,110,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $565,000 | $1,075,000 | 90.3% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $370,000 | $1,070,000 | 189.2% | 0.1% |
| AmeriHome Mortgage Company, LLC | $1,495,000 | $1,055,000 | -29.4% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $710,000 | $1,030,000 | 45.1% | 0.1% |
| Synovus Bank | $720,000 | $990,000 | 37.5% | 0.1% |
| KELLER MORTGAGE, LLC | $815,000 | $975,000 | 19.6% | 0.1% |
| Renasant Bank | $3,935,000 | $975,000 | -75.2% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,280,000 | $945,000 | -26.2% | 0.1% |
| 1ST SIGNATURE LENDING, LLC | $415,000 | $890,000 | 114.5% | 0.1% |
| Fifth Third Bank | $300,000 | $870,000 | 190.0% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,645,000 | $835,000 | -49.2% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $1,495,000 | $835,000 | -44.1% | 0.1% |
| Peoples Bank of the South | $135,000 | $810,000 | 500.0% | 0.1% |
| GUILD MORTGAGE COMPANY | $340,000 | $805,000 | 136.8% | 0.1% |
| Independent Bank | $2,280,000 | $785,000 | -65.6% | 0.1% |
| Capitol Federal Savings Bank | $765,000 | n/a | 0.1% | |
| HOMESTAR FINANCIAL CORPORATION | $300,000 | $720,000 | 140.0% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $4,460,000 | $700,000 | -84.3% | 0.1% |
| Loan Simple, Inc. | $985,000 | $675,000 | -31.5% | 0.1% |
| Strong Home Mortgage, LLC | $870,000 | $675,000 | -22.4% | 0.1% |
| Peoples Bank of East Tennessee | $830,000 | $665,000 | -19.9% | 0.1% |
| GSF Mortgage Corporation | $660,000 | n/a | 0.1% | |
| ALAMEDA MORTGAGE CORPORATION | $635,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $415,000 | $630,000 | 51.8% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $625,000 | n/a | 0.1% | |
| VAN DYK MORTGAGE CORPORATION | $640,000 | $610,000 | -4.7% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $395,000 | $605,000 | 53.2% | 0.1% |
| Apex Bank | $310,000 | $600,000 | 93.5% | 0.1% |
| The Federal Savings Bank | $1,515,000 | $600,000 | -60.4% | 0.1% |
| GENEVA FINANCIAL, LLC | $2,125,000 | $590,000 | -72.2% | 0.1% |
| North American Savings Bank, F.S.B. | $720,000 | $550,000 | -23.6% | 0.1% |
| Bank of the West | $195,000 | $530,000 | 171.8% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $440,000 | $520,000 | 18.2% | 0.1% |
| Figure Lending LLC | $340,000 | $515,000 | 51.5% | 0.1% |
| River Bank & Trust | $515,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $505,000 | n/a | 0.1% | |
| Kimberly Clark Credit Union | $505,000 | n/a | 0.1% | |
| DEEPHAVEN MORTGAGE LLC | $490,000 | n/a | 0.1% | |
| Citibank | $105,000 | $485,000 | 361.9% | 0.1% |
| Citizens National Bank | $215,000 | $480,000 | 123.3% | 0.1% |
| Comerica Bank | $475,000 | n/a | 0.1% | |
| ROSS MORTGAGE CORPORATION | $465,000 | n/a | 0.1% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $195,000 | $460,000 | 135.9% | 0.1% |
| L & N Federal Credit Union | $455,000 | n/a | 0.1% | |
| HomeTrust Bank | $445,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $2,150,000 | $440,000 | -79.5% | 0.1% |
| First Southern National Bank | $435,000 | n/a | 0.1% | |
| OCMBC, INC. | $435,000 | n/a | 0.1% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $430,000 | $425,000 | -1.2% | 0.1% |
| NETWORK CAPITAL FUNDING CORPORATION | $425,000 | n/a | 0.1% | |
| THRIVE MORTGAGE, LLC | $145,000 | $420,000 | 189.7% | 0.1% |
| ORNL Federal Credit Union | $1,475,000 | $415,000 | -71.9% | 0.1% |
| SWBC MORTGAGE CORPORATION | $1,430,000 | $410,000 | -71.3% | 0.1% |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $405,000 | n/a | 0.1% | |
| Mountain Commerce Bank | $95,000 | $405,000 | 326.3% | 0.1% |
| SIRVA MORTGAGE, INC. | $715,000 | $405,000 | -43.4% | 0.1% |
| EMM LOANS LLC | $395,000 | $400,000 | 1.3% | 0.1% |
| MILEND, INC. | $390,000 | n/a | 0.1% | |
| River Valley AgCredit, ACA | $1,630,000 | $390,000 | -76.1% | 0.1% |
| Chattanooga Area Schools Federal Credit Union | $385,000 | n/a | 0.1% | |
| ENDEAVOR CAPITAL, LLC. | $475,000 | $385,000 | -18.9% | 0.1% |
| Discover Bank | $480,000 | $380,000 | -20.8% | 0.0% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $890,000 | $375,000 | -57.9% | 0.0% |
| KNOXVILLE TVA EMPLOYEES CREDIT UNION | $235,000 | $375,000 | 59.6% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $145,000 | $370,000 | 155.2% | 0.0% |
| Wolfe Financial, Inc | $1,460,000 | $365,000 | -75.0% | 0.0% |
| MORTGAGE FINANCIAL GROUP, INC. | $360,000 | n/a | 0.0% | |
| CU COMMUNITY, LLC | $1,285,000 | $355,000 | -72.4% | 0.0% |
| AMWEST FUNDING CORP. | $350,000 | n/a | 0.0% | |
| Blackhawk Bank | $345,000 | n/a | 0.0% | |
| CONTOUR MORTGAGE CORPORATION | $345,000 | n/a | 0.0% | |
| UNIFY FINANCIAL Credit Union | $135,000 | $345,000 | 155.6% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $345,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $340,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $995,000 | $340,000 | -65.8% | 0.0% |
| AMERICAN ADVISORS GROUP | $345,000 | $335,000 | -2.9% | 0.0% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $335,000 | n/a | 0.0% | |
| FBC MORTGAGE, LLC | $335,000 | n/a | 0.0% | |
| MCLEAN MORTGAGE CORPORATION | $425,000 | $330,000 | -22.4% | 0.0% |
| Bank of Tennessee | $175,000 | $325,000 | 85.7% | 0.0% |
| COMMUNITYAMERICA | $325,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $320,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $215,000 | $315,000 | 46.5% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $305,000 | n/a | 0.0% | |
| Farmers Bank and Trust Company | $305,000 | n/a | 0.0% | |
| FirstTrust Home Loans, Inc. | $305,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $325,000 | $305,000 | -6.2% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $295,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $285,000 | n/a | 0.0% | |
| Luxury Mortgage Corp. | $285,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $285,000 | n/a | 0.0% | |
| FIRST BANCORP, INC. | $275,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $265,000 | n/a | 0.0% | |
| The Paducah Bank and Trust Company | $265,000 | n/a | 0.0% | |
| Busey Bank | $255,000 | n/a | 0.0% | |
| Raymond James Bank | $255,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $235,000 | n/a | 0.0% | |
| The Huntington National Bank | $245,000 | $235,000 | -4.1% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $1,885,000 | $230,000 | -87.8% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $675,000 | $225,000 | -66.7% | 0.0% |
| Bethpage Federal Credit Union | $95,000 | $215,000 | 126.3% | 0.0% |
| HOMESTEAD FUNDING CORP. | $215,000 | $205,000 | -4.7% | 0.0% |
| IMPAC MORTGAGE CORP. | $205,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $225,000 | $205,000 | -8.9% | 0.0% |
| UNIVERSITY LENDING GROUP, LLC | $205,000 | n/a | 0.0% | |
| GTE Federal Credit Union | $200,000 | n/a | 0.0% | |
| CPM Federal Credit Union | $195,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $195,000 | n/a | 0.0% | |
| ON Q FINANCIAL, INC. | $145,000 | $195,000 | 34.5% | 0.0% |
| THE MORTGAGE LINK, INC. | $195,000 | n/a | 0.0% | |
| ENVOY MORTGAGE, LTD | $185,000 | n/a | 0.0% | |
| First Federal Bank | $410,000 | $185,000 | -54.9% | 0.0% |
| GREAT WESTERN FINANCIAL SERVICES, INC. | $145,000 | $185,000 | 27.6% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $780,000 | $185,000 | -76.3% | 0.0% |
| ZILLOW HOME LOANS, LLC | $1,345,000 | $185,000 | -86.2% | 0.0% |
| Citizens Bank & Trust, Inc. | $175,000 | n/a | 0.0% | |
| COMTRUST Federal Credit Union | $175,000 | n/a | 0.0% | |
| Countybank | $265,000 | $175,000 | -34.0% | 0.0% |
| EVANSVILLE TEACHERS | $175,000 | n/a | 0.0% | |
| AMERICAN MORTGAGE SERVICE COMPANY | $165,000 | n/a | 0.0% | |
| FINANCE OF AMERICA MORTGAGE LLC | $95,000 | $165,000 | 73.7% | 0.0% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $165,000 | n/a | 0.0% | |
| First Farmers and Merchants Bank | $165,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $165,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $315,000 | $165,000 | -47.6% | 0.0% |
| US MORTGAGE CORPORATION | $165,000 | n/a | 0.0% | |
| BankTennessee | $155,000 | n/a | 0.0% | |
| Colten Mortgage, LLC | $320,000 | $155,000 | -51.6% | 0.0% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $155,000 | n/a | 0.0% | |
| EASTMAN | $1,090,000 | $155,000 | -85.8% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $850,000 | $155,000 | -81.8% | 0.0% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $440,000 | $155,000 | -64.8% | 0.0% |
| RESIDENTIAL HOME FUNDING CORP. | $155,000 | n/a | 0.0% | |
| REVERSE MORTGAGE FUNDING LLC | $235,000 | $155,000 | -34.0% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $120,000 | $155,000 | 29.2% | 0.0% |
| REDSTONE Federal Credit Union | $150,000 | n/a | 0.0% | |
| U. T. | $145,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $125,000 | $135,000 | 8.0% | 0.0% |
| BANKSOUTH MORTGAGE COMPANY, LLC | $340,000 | $135,000 | -60.3% | 0.0% |
| Hometown Lenders, Inc. | $985,000 | $135,000 | -86.3% | 0.0% |
| Texana Bank | $135,000 | n/a | 0.0% | |
| UBS Bank USA | $1,120,000 | $135,000 | -87.9% | 0.0% |
| First Guaranty Mortgage Corporation | $1,785,000 | $115,000 | -93.6% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $115,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP. | $115,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $105,000 | n/a | 0.0% | |
| JLB CORPORATION | $105,000 | n/a | 0.0% | |
| Firefighters First Federal Credit Union | $95,000 | n/a | 0.0% | |
| M&T Bank | $405,000 | $95,000 | -76.5% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $85,000 | n/a | 0.0% | |
| First Bank | $105,000 | $75,000 | -28.6% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $75,000 | n/a | 0.0% | |
| Fortera Federal Credit Union | $85,000 | $70,000 | -17.6% | 0.0% |
| CITIZENS EQUITY FIRST | $205,000 | $65,000 | -68.3% | 0.0% |
| BLUELEAF LENDING, LLC | $55,000 | n/a | 0.0% | |
| ASCEND FEDERAL CREDIT UNION | $495,000 | $35,000 | -92.9% | 0.0% |
| SPRING EQ, LLC | $285,000 | $35,000 | -87.7% | 0.0% |
| ALLIANT CREDIT UNION | $25,000 | n/a | 0.0% | |
| Independence Bank of Kentucky | $15,000 | n/a | 0.0% |
CLEVELAND's top lender by overall market share is Bank of Cleveland, with 6.9% market share. In second place, with 5.8%, is QUICKEN LOANS, LLC, having originated $44,305,000 in loans. In third place, with 5.5%, is TENNESSEE VALLEY, having originated $41,920,000 in loans. In fourth place, with 5.1%, is First Citizens National Bank, having originated $39,010,000 in loans. In fifth place, with 5.0%, is United Community Bank, having originated $38,135,000 in loans.
CLEVELAND Housing Market Trends (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 | $239,338 (21.0%) | $283,464 (18.5%) | 0.00 | 437 |
| 2018-02-01 | $239,900 (20.0%) | $284,722 (17.2%) | 0.00 | 433 |
| 2018-03-01 | $238,900 (19.5%) | $283,149 (14.7%) | 0.00 | 439 |
| 2018-04-01 | $234,925 (17.5%) | $285,515 (15.1%) | 0.00 | 425 |
| 2018-05-01 | $232,400 (8.1%) | $290,345 (13.2%) | 0.00 | 412 |
| 2018-06-01 | $225,000 (2.4%) | $284,379 (7.2%) | 0.00 | 455 |
| 2018-07-01 | $227,950 (3.9%) | $286,165 (8.2%) | 0.00 | 464 |
| 2018-08-01 | $225,450 (-2.5%) | $281,528 (0.8%) | 0.00 | 488 |
| 2018-09-01 | $229,900 (0.3%) | $278,711 (0.5%) | 0.00 | 533 |
| 2018-10-01 | $232,425 (-1.9%) | $286,030 (1.0%) | 0.00 | 504 |
| 2018-11-01 | $238,950 (1.3%) | $287,260 (4.2%) | 0.00 | 476 |
| 2018-12-01 | $234,900 (2.2%) | $282,386 (3.9%) | 0.00 | 457 |
| 2019-01-01 | $234,475 (-2.0%) | $283,839 (0.1%) | 0.00 | 434 |
| 2019-02-01 | $234,900 (-2.1%) | $278,849 (-2.1%) | 0.00 | 412 |
| 2019-03-01 | $239,643 (0.3%) | $285,020 (0.7%) | 0.00 | 401 |
| 2019-04-01 | $247,168 (5.2%) | $291,106 (2.0%) | 0.00 | 390 |
| 2019-05-01 | $248,800 (7.1%) | $293,611 (1.1%) | 0.00 | 398 |
| 2019-06-01 | $249,900 (11.1%) | $301,485 (6.0%) | 0.00 | 421 |
| 2019-07-01 | $249,900 (9.6%) | $319,093 (11.5%) | 0.00 | 447 |
| 2019-08-01 | $249,855 (10.8%) | $322,227 (14.5%) | 0.00 | 452 |
| 2019-09-01 | $249,880 (8.7%) | $324,638 (16.5%) | 0.00 | 461 |
| 2019-10-01 | $249,897 (7.5%) | $326,311 (14.1%) | 0.00 | 463 |
| 2019-11-01 | $249,900 (4.6%) | $329,597 (14.7%) | 0.00 | 454 |
| 2019-12-01 | $244,900 (4.3%) | $324,846 (15.0%) | 0.00 | 427 |
| 2020-01-01 | $241,000 (2.8%) | $313,269 (10.4%) | 0.00 | 389 |
| 2020-02-01 | $249,900 (6.4%) | $312,268 (12.0%) | 0.00 | 358 |
| 2020-03-01 | $249,175 (4.0%) | $317,655 (11.5%) | 0.00 | 352 |
| 2020-04-01 | $247,400 (0.1%) | $324,306 (11.4%) | 0.00 | 357 |
| 2020-05-01 | $259,900 (4.5%) | $350,869 (19.5%) | 0.00 | 327 |
| 2020-06-01 | $276,350 (10.6%) | $360,293 (19.5%) | 0.00 | 277 |
| 2020-07-01 | $279,950 (12.0%) | $342,782 (7.4%) | 0.00 | 229 |
| 2020-08-01 | $280,000 (12.1%) | $353,833 (9.8%) | 0.00 | 208 |
| 2020-09-01 | $279,925 (12.0%) | $353,329 (8.8%) | 0.00 | 227 |
| 2020-10-01 | $265,000 (6.0%) | $340,206 (4.3%) | 0.00 | 228 |
| 2020-11-01 | $259,925 (4.0%) | $337,580 (2.4%) | 0.00 | 227 |
| 2020-12-01 | $259,400 (5.9%) | $338,461 (4.2%) | 0.00 | 183 |
| 2021-01-01 | $259,900 (7.8%) | $346,047 (10.5%) | 0.00 | 141 |
| 2021-02-01 | $282,500 (13.1%) | $369,371 (18.3%) | 0.00 | 128 |
| 2021-03-01 | $287,450 (15.4%) | $364,779 (14.8%) | 0.00 | 114 |
| 2021-04-01 | $283,374 (14.5%) | $369,594 (14.0%) | 0.00 | 122 |
| 2021-05-01 | $273,713 (5.3%) | $357,065 (1.8%) | 0.00 | 123 |
| 2021-06-01 | $283,775 (2.7%) | $389,796 (8.2%) | 0.00 | 151 |
| 2021-07-01 | $285,025 (1.8%) | $416,225 (21.4%) | 0.00 | 170 |
| 2021-08-01 | $285,902 (2.1%) | $407,080 (15.1%) | 0.00 | 202 |
| 2021-09-01 | $295,078 (5.4%) | $420,519 (19.0%) | 0.00 | 208 |
| 2021-10-01 | $304,155 (14.8%) | $439,072 (29.1%) | 0.00 | 199 |
| 2021-11-01 | $336,700 (29.5%) | $506,856 (50.1%) | 0.00 | 165 |
| 2021-12-01 | $349,500 (34.7%) | $500,382 (47.8%) | 0.00 | 161 |
| 2022-01-01 | $329,400 (26.7%) | $497,192 (43.7%) | 0.00 | 129 |
| 2022-02-01 | $363,425 (28.7%) | $578,071 (56.5%) | 0.00 | 105 |
| 2022-03-01 | $358,675 (24.8%) | $557,614 (52.9%) | 0.00 | 110 |
| 2022-04-01 | $398,900 (40.8%) | $548,165 (48.3%) | 0.00 | 138 |
| 2022-05-01 | $389,475 (42.3%) | $551,620 (54.5%) | 0.00 | 196 |
| 2022-06-01 | $372,450 (31.3%) | $530,151 (36.0%) | 0.00 | 250 |
| 2022-07-01 | $375,000 (31.6%) | $494,911 (18.9%) | 0.00 | 336 |
| 2022-08-01 | $384,500 (34.5%) | $516,208 (26.8%) | 0.00 | 341 |
| 2022-09-01 | $377,500 (27.9%) | $507,840 (20.8%) | 0.00 | 363 |
| 2022-10-01 | $364,710 (19.9%) | $481,150 (9.6%) | 0.00 | 381 |
| 2022-11-01 | $360,000 (6.9%) | $479,467 (-5.4%) | 0.00 | 379 |
| 2022-12-01 | $357,970 (2.4%) | $466,195 (-6.8%) | 0.00 | 359 |
| 2023-01-01 | $360,910 (9.6%) | $453,528 (-8.8%) | 0.00 | 343 |
| 2023-02-01 | $370,000 (1.8%) | $478,689 (-17.2%) | 0.00 | 323 |
CLEVELAND's median listing price for 2023-02-01 was $370,000, a difference of
$6,575
(1.8%) versus the prior year and
$9,090 versus the prior month.
CLEVELAND's median listing price comes in at 0% of the national average.
CLEVELAND's average listing price for 2023-02-01 was $478,689, a difference of $-99,382 (-17.2%) versus the prior year and $25,161 versus the prior month.
For the 2023-02-01 period, CLEVELAND had 323 MLS listings, a difference of -20 listings (-6%) versus the prior month and 218 listings (208%) versus the prior year.
CLEVELAND's median listing price comes in at 0% of the national average.
CLEVELAND's average listing price for 2023-02-01 was $478,689, a difference of $-99,382 (-17.2%) versus the prior year and $25,161 versus the prior month.
For the 2023-02-01 period, CLEVELAND had 323 MLS listings, a difference of -20 listings (-6%) versus the prior month and 218 listings (208%) 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 | 2,133 sqft |
| 2018-02-01 | 0 days | 2,135 sqft |
| 2018-03-01 | 0 days | 2,162 sqft |
| 2018-04-01 | 0 days | 2,128 sqft |
| 2018-05-01 | 0 days | 2,125 sqft |
| 2018-06-01 | 0 days | 2,084 sqft |
| 2018-07-01 | 0 days | 2,100 sqft |
| 2018-08-01 | 0 days | 2,016 sqft |
| 2018-09-01 | 0 days | 2,084 sqft |
| 2018-10-01 | 0 days | 2,007 sqft |
| 2018-11-01 | 0 days | 2,078 sqft |
| 2018-12-01 | 0 days | 2,019 sqft |
| 2019-01-01 | 0 days | 1,999 sqft |
| 2019-02-01 | 0 days | 2,001 sqft |
| 2019-03-01 | 0 days | 2,047 sqft |
| 2019-04-01 | 0 days | 2,090 sqft |
| 2019-05-01 | 0 days | 2,125 sqft |
| 2019-06-01 | 0 days | 2,170 sqft |
| 2019-07-01 | 0 days | 2,200 sqft |
| 2019-08-01 | 0 days | 2,204 sqft |
| 2019-09-01 | 0 days | 2,204 sqft |
| 2019-10-01 | 0 days | 2,192 sqft |
| 2019-11-01 | 0 days | 2,112 sqft |
| 2019-12-01 | 0 days | 2,089 sqft |
| 2020-01-01 | 0 days | 2,062 sqft |
| 2020-02-01 | 0 days | 2,078 sqft |
| 2020-03-01 | 0 days | 2,088 sqft |
| 2020-04-01 | 0 days | 2,022 sqft |
| 2020-05-01 | 0 days | 2,100 sqft |
| 2020-06-01 | 0 days | 2,168 sqft |
| 2020-07-01 | 0 days | 2,170 sqft |
| 2020-08-01 | 0 days | 2,092 sqft |
| 2020-09-01 | 0 days | 2,076 sqft |
| 2020-10-01 | 0 days | 2,002 sqft |
| 2020-11-01 | 0 days | 1,899 sqft |
| 2020-12-01 | 0 days | 1,898 sqft |
| 2021-01-01 | 0 days | 1,854 sqft |
| 2021-02-01 | 0 days | 1,993 sqft |
| 2021-03-01 | 0 days | 2,028 sqft |
| 2021-04-01 | 0 days | 1,946 sqft |
| 2021-05-01 | 0 days | 1,788 sqft |
| 2021-06-01 | 0 days | 1,854 sqft |
| 2021-07-01 | 0 days | 1,843 sqft |
| 2021-08-01 | 0 days | 1,826 sqft |
| 2021-09-01 | 0 days | 1,890 sqft |
| 2021-10-01 | 0 days | 1,894 sqft |
| 2021-11-01 | 0 days | 2,031 sqft |
| 2021-12-01 | 0 days | 2,068 sqft |
| 2022-01-01 | 0 days | 2,090 sqft |
| 2022-02-01 | 0 days | 2,074 sqft |
| 2022-03-01 | 0 days | 2,109 sqft |
| 2022-04-01 | 0 days | 2,200 sqft |
| 2022-05-01 | 0 days | 2,223 sqft |
| 2022-06-01 | 0 days | 2,217 sqft |
| 2022-07-01 | 0 days | 2,140 sqft |
| 2022-08-01 | 0 days | 2,199 sqft |
| 2022-09-01 | 0 days | 2,145 sqft |
| 2022-10-01 | 0 days | 2,074 sqft |
| 2022-11-01 | 0 days | 2,031 sqft |
| 2022-12-01 | 0 days | 2,020 sqft |
| 2023-01-01 | 0 days | 1,985 sqft |
| 2023-02-01 | 0 days | 2,034 sqft |
CLEVELAND's median listing age (time on market) for 2023-02-01 was 0 days.
CLEVELAND's median square footage for active listings during the 2023-02-01 period was 2,034 sqft. One year prior, the average listing was 2,074 sqft.
CLEVELAND's median square footage for active listings during the 2023-02-01 period was 2,034 sqft. One year prior, the average listing was 2,074 sqft.
CLEVELAND, TN Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 37307 | Cleveland, TN | $500 | $560 | $740 | $960 | $1,100 |
| 37309 | Cleveland, TN | $620 | $680 | $900 | $1,170 | $1,330 |
| 37310 | Cleveland, TN | $490 | $560 | $740 | $960 | $1,100 |
| 37311 | Cleveland, TN | $580 | $640 | $840 | $1,090 | $1,240 |
| 37312 | Cleveland, TN | $620 | $680 | $900 | $1,170 | $1,330 |
| 37317 | Cleveland, TN | $490 | $560 | $740 | $960 | $1,100 |
| 37320 | Cleveland, TN | $580 | $650 | $850 | $1,100 | $1,250 |
| 37323 | Cleveland, TN | $600 | $670 | $880 | $1,140 | $1,300 |
| 37325 | Cleveland, TN | $580 | $650 | $850 | $1,100 | $1,250 |
| 37326 | Cleveland, TN | $490 | $560 | $740 | $960 | $1,100 |
| 37331 | Cleveland, TN | $510 | $560 | $740 | $960 | $1,100 |
| 37333 | Cleveland, TN | $510 | $560 | $740 | $960 | $1,100 |
| 37336 | Cleveland, TN | $750 | $800 | $1,000 | $1,300 | $1,510 |
| 37353 | Cleveland, TN | $670 | $730 | $940 | $1,220 | $1,410 |
| 37361 | Cleveland, TN | $490 | $560 | $740 | $960 | $1,100 |
| 37362 | Cleveland, TN | $500 | $560 | $740 | $960 | $1,100 |
| 37364 | Cleveland, TN | $580 | $650 | $850 | $1,100 | $1,250 |
| 37369 | Cleveland, TN | $510 | $560 | $740 | $960 | $1,100 |
| 37385 | Cleveland, TN | $510 | $560 | $740 | $960 | $1,100 |
| 37391 | Cleveland, TN | $510 | $560 | $740 | $960 | $1,100 |
2022 Average & Median Rent Data Statistics
CLEVELAND, TN average 1BR rent: $616, median: $560
CLEVELAND, TN average 2BR rent: $808, median: $740
CLEVELAND, TN average 3BR rent: $1,048, median: $960
CLEVELAND, TN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,823 | $479,955,000 | $263,278 |
| Cash Out Refi | 681 | $137,055,000 | $201,256 |
| Refi | 433 | $102,805,000 | $237,425 |
| Other | 281 | $29,675,000 | $105,605 |
| Home Improvement | 204 | $18,450,000 | $90,441 |
Cleveland's most frequently cited loan purpose was Home Purchase, with 1,823 originations. The 2nd most popular reason was Cash Out Refi, with 681 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 810 | $198,320,000 | $244,840 |
| 5-6% | 744 | $168,220,000 | $226,102 |
| 3-4% | 699 | $165,995,000 | $237,475 |
| 6-7% | 395 | $77,365,000 | $195,861 |
| 2.5-3% | 180 | $34,970,000 | $194,278 |
| 7-8% | 128 | $19,520,000 | $152,500 |
| Over 8% | 73 | $7,195,000 | $98,562 |
| <2.5% | 49 | $10,115,000 | $206,429 |
During 2022, Cleveland's most frequently originated rate bucket was 4-5%, with 810 originations.
Loan Sizing (CLEVELAND, TN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,374 | $381,480,000 | $277,642 |
| $100k-200k | 1,191 | $181,075,000 | $152,036 |
| $100,000 or less | 598 | $33,990,000 | $56,839 |
| $400k-600k | 186 | $87,730,000 | $471,667 |
| $600k-1000k | 50 | $36,580,000 | $731,600 |
| $Over $1MM | 23 | $47,085,000 | $2,047,174 |
CLEVELAND's loan sizing saw the bucket of loans from $200k-400k with 1,374 originations, totaling $381,480,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,238 | $330,280,000 | $266,785 |
| 60-80% | 818 | $214,500,000 | $262,225 |
| 40-60% | 404 | $71,910,000 | $177,995 |
| 20-40% | 284 | $33,440,000 | $117,746 |
| Under 20% | 269 | $12,865,000 | $47,825 |
| Over 100% | 53 | $16,575,000 | $312,736 |
CLEVELAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,238 originations, totaling $330,280,000 in origination value.