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.).
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.
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.
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.
