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
6.57%
for the week of 2024-12-12, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2024-12-05) was
6.76% and
one month ago for the week of 2024-11-07, the
average rate was 6.56%.
Cleveland's average rate one year ago was 7.1%.
For refis of the same type during the week of 2024-12-12, the average rate
was 7.29%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-12-12 | 6.6% |
| Cleveland 30 Year Fixed Rate | 2024-12-12 | 6.57% |
| Cleveland 30 Year Fixed Rate Refi | 2024-12-12 | 7.29% |
| Cleveland 15 Year Fixed Rate | 2024-12-12 | 6.04% |
| Cleveland 15 Year Fixed Rate Refi | 2024-12-12 | 6.14% |
| Cleveland 30 Year FHA | 2024-12-12 | 6.16% |
| Cleveland 30 Year FHA Refi | 2024-12-12 | 6.28% |
| Cleveland 30 Year USDA | 2024-12-12 | 6.4% |
| Cleveland 30 Year USDA Refi | 2024-12-12 | 6.3% |
| Cleveland 30 Year VA | 2024-12-12 | 6.02% |
| Cleveland 30 Year VA Refi | 2024-12-12 | 5.88% |
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 141 lenders originated 2,516
loans during 2023. The total origination value was $531,660,000, with an average loan value of
$211,312.
CLEVELAND's average closing costs are $5,268.
The top CLEVELAND lender as defined by loan originations is QUICKEN LOANS, LLC, with
80 loans originated. Their average total fees are
$6,995, which is $3,347
higher than the next largest lender,
First Citizens National Bank.
The lowest fee CLEVELAND lenders (with over 10 loans originated) are
SmartBank ($3,283), First Citizens National Bank ($3,648), Regions Bank ($3,867), Truist ($3,978) and BancorpSouth ($4,257).
The lowest rate CLEVELAND lenders (with over 10 loans originated) are
TENNESSEE VALLEY (6.30%), BancorpSouth (6.45%), MORTGAGE INVESTORS GROUP, INC. (6.52%), STOCKTON MORTGAGE CORPORATION (6.58%) and UNITED WHOLESALE MORTGAGE, LLC (6.58%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Bank of Cleveland | $52,980,000 | $38,945,000 | -26.5% | 7.3% |
| QUICKEN LOANS, LLC | $44,305,000 | $37,625,000 | -15.1% | 7.1% |
| CMG MORTGAGE, INC. | $30,705,000 | $32,675,000 | 6.4% | 6.1% |
| TENNESSEE VALLEY | $41,920,000 | $28,105,000 | -33.0% | 5.3% |
| First Citizens National Bank | $39,010,000 | $27,660,000 | -29.1% | 5.2% |
| United Community Bank | $38,135,000 | $21,755,000 | -43.0% | 4.1% |
| Mortgage Research Center, LLC | $15,845,000 | $14,005,000 | -11.6% | 2.6% |
| FirstBank | $12,620,000 | $13,635,000 | 8.0% | 2.6% |
| Regions Bank | $20,620,000 | $13,215,000 | -35.9% | 2.5% |
| MOVEMENT MORTGAGE, LLC | $10,840,000 | $11,840,000 | 9.2% | 2.2% |
| MORTGAGE INVESTORS GROUP, INC. | $16,045,000 | $11,640,000 | -27.5% | 2.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $12,730,000 | $11,590,000 | -9.0% | 2.2% |
| Andrew Johnson Bank | $13,460,000 | $11,105,000 | -17.5% | 2.1% |
| BancorpSouth | $9,840,000 | $10,865,000 | 10.4% | 2.0% |
| Truist | $12,550,000 | $10,120,000 | -19.4% | 1.9% |
| UNION HOME MORTGAGE CORP. | $2,400,000 | $9,720,000 | 305.0% | 1.8% |
| Pinnacle Bank | $9,885,000 | $9,160,000 | -7.3% | 1.7% |
| TJC Mortgage, Inc. | $13,435,000 | $7,755,000 | -42.3% | 1.5% |
| SmartBank | $12,410,000 | $6,705,000 | -46.0% | 1.3% |
| First Horizon Bank | $12,960,000 | $6,375,000 | -50.8% | 1.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $5,670,000 | $5,065,000 | -10.7% | 1.0% |
| SUMMIT FUNDING, INC. | $2,070,000 | $5,040,000 | 143.5% | 0.9% |
| Wilson Bank And Trust | $5,005,000 | n/a | 0.9% | |
| LOANDEPOT.COM, LLC | $11,490,000 | $4,880,000 | -57.5% | 0.9% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $5,930,000 | $4,875,000 | -17.8% | 0.9% |
| SouthEast Bank | $3,025,000 | $4,610,000 | 52.4% | 0.9% |
| LEADERONE FINANCIAL CORPORATION | $2,940,000 | $4,505,000 | 53.2% | 0.8% |
| FIRST COMMUNITY MORTGAGE, INC. | $4,345,000 | $4,255,000 | -2.1% | 0.8% |
| DHI MORTGAGE COMPANY, LTD. | $21,075,000 | $4,170,000 | -80.2% | 0.8% |
| STOCKTON MORTGAGE CORPORATION | $2,990,000 | $3,860,000 | 29.1% | 0.7% |
| First Volunteer Bank | $4,450,000 | $3,375,000 | -24.2% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $6,925,000 | $3,340,000 | -51.8% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $11,895,000 | $3,115,000 | -73.8% | 0.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,425,000 | $3,045,000 | -31.2% | 0.6% |
| USAA Federal Savings Bank | $1,145,000 | $3,025,000 | 164.2% | 0.6% |
| U.S. Bank | $6,305,000 | $2,870,000 | -54.5% | 0.5% |
| CHURCHILL MORTGAGE CORPORATION | $1,745,000 | $2,825,000 | 61.9% | 0.5% |
| BROKER SOLUTIONS, INC. | $4,775,000 | $2,685,000 | -43.8% | 0.5% |
| MILLENNIUM BANK | $2,065,000 | $2,620,000 | 26.9% | 0.5% |
| ALAMEDA MORTGAGE CORPORATION | $635,000 | $2,585,000 | 307.1% | 0.5% |
| CARDINAL FINANCIAL | $7,720,000 | $2,575,000 | -66.6% | 0.5% |
| GUARANTEED RATE, INC. | $1,425,000 | $2,550,000 | 78.9% | 0.5% |
| CapStar Bank | $14,985,000 | $2,545,000 | -83.0% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,865,000 | $2,505,000 | -57.3% | 0.5% |
| Citizens Bank | $3,210,000 | $2,435,000 | -24.1% | 0.5% |
| Bowater Employees Credit Union | $5,790,000 | $2,375,000 | -59.0% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $5,405,000 | $2,270,000 | -58.0% | 0.4% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $4,770,000 | $2,220,000 | -53.5% | 0.4% |
| SUCCESS MORTGAGE PARTNERS, INC. | $4,325,000 | $2,005,000 | -53.6% | 0.4% |
| 21ST MORTGAGE CORPORATION | $1,385,000 | $1,795,000 | 29.6% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $3,485,000 | $1,780,000 | -48.9% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $1,765,000 | $1,720,000 | -2.5% | 0.3% |
| Wells Fargo Bank | $5,050,000 | $1,595,000 | -68.4% | 0.3% |
| NBKC BANK | $1,555,000 | n/a | 0.3% | |
| Raymond James Bank | $255,000 | $1,455,000 | 470.6% | 0.3% |
| Peoples Bank of the South | $810,000 | $1,445,000 | 78.4% | 0.3% |
| Simmons Bank | $1,450,000 | $1,435,000 | -1.0% | 0.3% |
| Equity Prime Mortgage LLC | $285,000 | $1,420,000 | 398.2% | 0.3% |
| The Loan Store, Inc. | $1,410,000 | n/a | 0.3% | |
| Bank of America | $1,940,000 | $1,380,000 | -28.9% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $945,000 | $1,380,000 | 46.0% | 0.3% |
| SIRVA MORTGAGE, INC. | $405,000 | $1,360,000 | 235.8% | 0.3% |
| Flagstar Bank, FSB | $1,715,000 | $1,335,000 | -22.2% | 0.3% |
| JPMorgan Chase Bank | $3,530,000 | $1,330,000 | -62.3% | 0.3% |
| Discover Bank | $380,000 | $1,285,000 | 238.2% | 0.2% |
| ISERVE RESIDENTIAL LENDING, LLC | $4,230,000 | $1,285,000 | -69.6% | 0.2% |
| 1ST SIGNATURE LENDING, LLC | $890,000 | $1,215,000 | 36.5% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,140,000 | n/a | 0.2% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,860,000 | $1,125,000 | -39.5% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $1,070,000 | $1,125,000 | 5.1% | 0.2% |
| Chattanooga Federal Emp. Credit Union | $1,105,000 | n/a | 0.2% | |
| Legacy Home Loans, LLC | $1,095,000 | n/a | 0.2% | |
| Magnolia Bank | $1,095,000 | n/a | 0.2% | |
| The Huntington National Bank | $235,000 | $1,060,000 | 351.1% | 0.2% |
| LOANPAL, LLC | $1,000,000 | n/a | 0.2% | |
| PANORAMA MORTGAGE GROUP, LLC | $1,650,000 | $995,000 | -39.7% | 0.2% |
| The Federal Savings Bank | $600,000 | $970,000 | 61.7% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,355,000 | $960,000 | -29.2% | 0.2% |
| Mountain Commerce Bank | $405,000 | $955,000 | 135.8% | 0.2% |
| EVERETT FINANCIAL, INC. | $1,650,000 | $945,000 | -42.7% | 0.2% |
| GUARANTY HOME MORTGAGE CORPORATION | $940,000 | n/a | 0.2% | |
| CU COMMUNITY, LLC | $355,000 | $920,000 | 159.2% | 0.2% |
| DOMINION FINANCIAL SERVICES, LLC | $2,240,000 | $915,000 | -59.2% | 0.2% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $910,000 | n/a | 0.2% | |
| NEW DAY FINANCIAL, LLC | $1,880,000 | $910,000 | -51.6% | 0.2% |
| Third Federal Savings and Loan Association of Cleveland | $340,000 | $910,000 | 167.6% | 0.2% |
| NexBank | $905,000 | n/a | 0.2% | |
| MID AMERICA MORTGAGE, INC. | $520,000 | $890,000 | 71.2% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $285,000 | $875,000 | 207.0% | 0.2% |
| Gateway First Bank | $1,635,000 | $860,000 | -47.4% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $700,000 | $860,000 | 22.9% | 0.2% |
| Renasant Bank | $975,000 | $855,000 | -12.3% | 0.2% |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $405,000 | $840,000 | 107.4% | 0.2% |
| River Valley AgCredit, ACA | $390,000 | $840,000 | 115.4% | 0.2% |
| VAN DYK MORTGAGE CORPORATION | $610,000 | $815,000 | 33.6% | 0.2% |
| SeaTrust Mortgage Company | $795,000 | n/a | 0.1% | |
| COMMUNITY MORTGAGE CORPORATION | $3,165,000 | $785,000 | -75.2% | 0.1% |
| NFM, INC. | $1,110,000 | $775,000 | -30.2% | 0.1% |
| Farm Credit Mid-America, ACA | $3,445,000 | $750,000 | -78.2% | 0.1% |
| Figure Lending LLC | $515,000 | $745,000 | 44.7% | 0.1% |
| PLANET HOME LENDING, LLC | $1,075,000 | $730,000 | -32.1% | 0.1% |
| DAS Acquisition Company, LLC | $715,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $315,000 | $710,000 | 125.4% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,385,000 | $705,000 | -49.1% | 0.1% |
| NEWREZ LLC | $1,150,000 | $700,000 | -39.1% | 0.1% |
| First Vision Bank of Tennessee | $685,000 | n/a | 0.1% | |
| CRESCENT MORTGAGE COMPANY | $1,455,000 | $680,000 | -53.3% | 0.1% |
| Bank of Dade | $675,000 | n/a | 0.1% | |
| THE TENNESSEE CREDIT UNION | $665,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $655,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $640,000 | n/a | 0.1% | |
| Franklin Loan Corporation | $640,000 | n/a | 0.1% | |
| Sierra Pacific Mortgage Company, Inc. | $635,000 | n/a | 0.1% | |
| Northpointe Bank | $2,360,000 | $625,000 | -73.5% | 0.1% |
| Towne Bank | $600,000 | n/a | 0.1% | |
| MEMBER FIRST MORTGAGE, LLC | $2,950,000 | $595,000 | -79.8% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $155,000 | $595,000 | 283.9% | 0.1% |
| Morgan Stanley Private Bank | $580,000 | n/a | 0.1% | |
| North American Savings Bank, F.S.B. | $550,000 | $570,000 | 3.6% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $440,000 | $560,000 | 27.3% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $1,270,000 | $525,000 | -58.7% | 0.1% |
| Synovus Bank | $990,000 | $515,000 | -48.0% | 0.1% |
| ORNL Federal Credit Union | $415,000 | $510,000 | 22.9% | 0.1% |
| Princeton Mortgage Corporation | $2,000,000 | $510,000 | -74.5% | 0.1% |
| First Bank & Trust | $505,000 | n/a | 0.1% | |
| First National Bank of Pulaski | $505,000 | n/a | 0.1% | |
| Y-12 Federal Credit Union | $500,000 | n/a | 0.1% | |
| STATE EMPLOYEES' | $480,000 | n/a | 0.1% | |
| DEEPHAVEN MORTGAGE LLC | $490,000 | $470,000 | -4.1% | 0.1% |
| LAND HOME FINANCIAL SERVICES, INC. | $370,000 | $470,000 | 27.0% | 0.1% |
| AgFirst Farm Credit Bank | $1,265,000 | $455,000 | -64.0% | 0.1% |
| blueharbor bank | $455,000 | n/a | 0.1% | |
| CANOPY MORTGAGE, LLC | $450,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $835,000 | $445,000 | -46.7% | 0.1% |
| FREEDOM FIRST | $445,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $2,485,000 | $425,000 | -82.9% | 0.1% |
| LENDINGONE, LLC | $415,000 | n/a | 0.1% | |
| Fifth Third Bank | $870,000 | $410,000 | -52.9% | 0.1% |
| First National Bank of America | $410,000 | n/a | 0.1% | |
| MILEND, INC. | $390,000 | $410,000 | 5.1% | 0.1% |
| TOWNE MORTGAGE COMPANY | $1,675,000 | $410,000 | -75.5% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $230,000 | $405,000 | 76.1% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $135,000 | $395,000 | 192.6% | 0.1% |
| Ameris Bank | $1,265,000 | $395,000 | -68.8% | 0.1% |
| Peoples Bank of East Tennessee | $665,000 | $385,000 | -42.1% | 0.1% |
| SOUTHEAST MORTGAGE OF GEORGIA, INC. | $385,000 | n/a | 0.1% | |
| HOMESTAR FINANCIAL CORPORATION | $720,000 | $380,000 | -47.2% | 0.1% |
| Simply Bank | $2,750,000 | $380,000 | -86.2% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $625,000 | $380,000 | -39.2% | 0.1% |
| ALTRA | $375,000 | n/a | 0.1% | |
| NATIONS DIRECT MORTGAGE, LLC | $295,000 | $375,000 | 27.1% | 0.1% |
| Axos Bank | $355,000 | n/a | 0.1% | |
| DIGITAL Federal Credit Union | $355,000 | n/a | 0.1% | |
| Nations Lending Corporation | $2,515,000 | $350,000 | -86.1% | 0.1% |
| BAYSHORE MORTGAGE FUNDING, LLC | $345,000 | n/a | 0.1% | |
| US MORTGAGE CORPORATION | $165,000 | $345,000 | 109.1% | 0.1% |
| First US Bank | $325,000 | n/a | 0.1% | |
| Coastal Community Bank | $320,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $225,000 | $315,000 | 40.0% | 0.1% |
| First Financial Bank | $305,000 | n/a | 0.1% | |
| FIRST COLONY MORTGAGE CORPORATION | $300,000 | n/a | 0.1% | |
| Plains Commerce Bank | $300,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $290,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $1,030,000 | $290,000 | -71.8% | 0.1% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $285,000 | n/a | 0.1% | |
| First Option Mortgage, LLC | $275,000 | n/a | 0.1% | |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $375,000 | $265,000 | -29.3% | 0.0% |
| First Western Bank & Trust | $265,000 | n/a | 0.0% | |
| SWBC MORTGAGE CORPORATION | $410,000 | $265,000 | -35.4% | 0.0% |
| Wolfe Financial, Inc | $365,000 | $265,000 | -27.4% | 0.0% |
| Mountain Valley Bank | $260,000 | n/a | 0.0% | |
| Assurance Financial Group, L.L.C. | $255,000 | n/a | 0.0% | |
| Cornerstone First Mortgage, Inc | $255,000 | n/a | 0.0% | |
| Legends Bank | $255,000 | n/a | 0.0% | |
| Mid-Continent Funding, Inc. | $245,000 | n/a | 0.0% | |
| PNC Bank | $2,180,000 | $245,000 | -88.8% | 0.0% |
| GEORGIA'S OWN | $235,000 | n/a | 0.0% | |
| MIDLAND MORTGAGE CORPORATION | $235,000 | n/a | 0.0% | |
| Armed Forces Bank | $225,000 | n/a | 0.0% | |
| BAY EQUITY LLC | $1,480,000 | $225,000 | -84.8% | 0.0% |
| Independent Bank | $785,000 | $225,000 | -71.3% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $305,000 | $215,000 | -29.5% | 0.0% |
| Chattanooga Area Schools Federal Credit Union | $385,000 | $215,000 | -44.2% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $205,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $215,000 | $205,000 | -4.7% | 0.0% |
| CALIBER HOME LOANS, INC. | $11,350,000 | $205,000 | -98.2% | 0.0% |
| FIRST FLORIDA Credit Union | $205,000 | n/a | 0.0% | |
| FIRST HOME MORTGAGE CORPORATION | $205,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $195,000 | n/a | 0.0% | |
| MANN FINANCIAL INC. | $195,000 | n/a | 0.0% | |
| PUBLIX EMPLOYEES | $185,000 | n/a | 0.0% | |
| Truliant Federal Credit Union | $185,000 | n/a | 0.0% | |
| ACADEMY MORTGAGE CORPORATION | $175,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $505,000 | $165,000 | -67.3% | 0.0% |
| Commerce Home Mortgage, Inc. | $165,000 | n/a | 0.0% | |
| McKenzie Banking Company | $165,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $630,000 | $165,000 | -73.8% | 0.0% |
| AMWEST FUNDING CORP. | $350,000 | $155,000 | -55.7% | 0.0% |
| POLARIS HOME FUNDING CORP. | $155,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $155,000 | $155,000 | 0.0% | 0.0% |
| Carrington Mortgage Services, LLC | $1,645,000 | $150,000 | -90.9% | 0.0% |
| Citizens Tri-County Bank | $145,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $205,000 | $145,000 | -29.3% | 0.0% |
| KNOXVILLE TVA EMPLOYEES CREDIT UNION | $375,000 | $140,000 | -62.7% | 0.0% |
| Baxter Credit Union | $105,000 | n/a | 0.0% | |
| CONSUMERS COOPERATIVE CREDIT UNION | $105,000 | n/a | 0.0% | |
| One Bank of Tennessee | $105,000 | n/a | 0.0% | |
| CIVIC FINANCIAL SERVICES, LLC | $95,000 | n/a | 0.0% | |
| EVANSVILLE TEACHERS | $175,000 | $95,000 | -45.7% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $605,000 | $95,000 | -84.3% | 0.0% |
| ALL IN | $85,000 | n/a | 0.0% | |
| ACOPIA, LLC | $75,000 | n/a | 0.0% | |
| GUARANTY MORTGAGE SERVICES, L.L.C. | $75,000 | n/a | 0.0% | |
| M&T Bank | $95,000 | $65,000 | -31.6% | 0.0% |
| Fortera Federal Credit Union | $70,000 | $55,000 | -21.4% | 0.0% |
| GTE Federal Credit Union | $200,000 | $55,000 | -72.5% | 0.0% |
| Independence Bank of Kentucky | $15,000 | $55,000 | 266.7% | 0.0% |
| REDSTONE Federal Credit Union | $150,000 | $55,000 | -63.3% | 0.0% |
| U. T. | $145,000 | $45,000 | -69.0% | 0.0% |
| EASTMAN | $155,000 | $25,000 | -83.9% | 0.0% |
CLEVELAND's top lender by overall market share is Bank of Cleveland, with 7.3% market share. In second place, with 7.1%, is QUICKEN LOANS, LLC, having originated $37,625,000 in loans. In third place, with 6.1%, is CMG MORTGAGE, INC., having originated $32,675,000 in loans. In fourth place, with 5.3%, is TENNESSEE VALLEY, having originated $28,105,000 in loans. In fifth place, with 5.2%, is First Citizens National Bank, having originated $27,660,000 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 | $234,950 (17.5%) | $285,544 (15.1%) | 0.00 | 425 |
| 2018-05-01 | $232,425 (8.1%) | $290,393 (13.2%) | 0.00 | 413 |
| 2018-06-01 | $226,000 (2.9%) | $284,434 (7.2%) | 0.00 | 456 |
| 2018-07-01 | $228,450 (4.1%) | $286,215 (8.2%) | 0.00 | 465 |
| 2018-08-01 | $226,000 (-2.2%) | $281,582 (0.8%) | 0.00 | 489 |
| 2018-09-01 | $229,900 (0.3%) | $278,766 (0.5%) | 0.00 | 534 |
| 2018-10-01 | $232,450 (-1.9%) | $286,075 (1.0%) | 0.00 | 505 |
| 2018-11-01 | $238,950 (1.3%) | $287,305 (4.2%) | 0.00 | 477 |
| 2018-12-01 | $234,900 (2.2%) | $282,442 (3.9%) | 0.00 | 458 |
| 2019-01-01 | $234,700 (-1.9%) | $283,895 (0.2%) | 0.00 | 435 |
| 2019-02-01 | $234,900 (-2.1%) | $278,920 (-2.0%) | 0.00 | 412 |
| 2019-03-01 | $239,643 (0.3%) | $284,914 (0.6%) | 0.00 | 400 |
| 2019-04-01 | $247,168 (5.2%) | $290,948 (1.9%) | 0.00 | 389 |
| 2019-05-01 | $248,800 (7.1%) | $293,611 (1.1%) | 0.00 | 398 |
| 2019-06-01 | $249,900 (10.6%) | $301,485 (6.0%) | 0.00 | 421 |
| 2019-07-01 | $249,900 (9.4%) | $319,093 (11.5%) | 0.00 | 447 |
| 2019-08-01 | $249,855 (10.6%) | $322,227 (14.4%) | 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 (2.7%) | $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 (11.5%) | 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 | $279,825 (12.0%) | $353,093 (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 | $284,416 (15.0%) | $370,652 (14.3%) | 0.00 | 123 |
| 2021-05-01 | $274,900 (5.8%) | $359,268 (2.4%) | 0.00 | 124 |
| 2021-06-01 | $283,894 (2.7%) | $391,477 (8.7%) | 0.00 | 152 |
| 2021-07-01 | $286,025 (2.2%) | $417,604 (21.8%) | 0.00 | 171 |
| 2021-08-01 | $286,701 (2.4%) | $408,008 (15.3%) | 0.00 | 203 |
| 2021-09-01 | $297,578 (6.3%) | $421,592 (19.4%) | 0.00 | 209 |
| 2021-10-01 | $307,028 (15.9%) | $440,076 (29.4%) | 0.00 | 200 |
| 2021-11-01 | $338,975 (30.4%) | $507,735 (50.4%) | 0.00 | 166 |
| 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 (40.3%) | $548,165 (47.9%) | 0.00 | 138 |
| 2022-05-01 | $388,450 (41.3%) | $551,560 (53.5%) | 0.00 | 195 |
| 2022-06-01 | $372,396 (31.2%) | $530,013 (35.4%) | 0.00 | 249 |
| 2022-07-01 | $375,000 (31.1%) | $494,694 (18.5%) | 0.00 | 335 |
| 2022-08-01 | $382,805 (33.5%) | $515,693 (26.4%) | 0.00 | 340 |
| 2022-09-01 | $377,400 (26.8%) | $506,497 (20.1%) | 0.00 | 362 |
| 2022-10-01 | $364,805 (18.8%) | $488,038 (10.9%) | 0.00 | 382 |
| 2022-11-01 | $360,000 (6.2%) | $478,640 (-5.7%) | 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 |
| 2023-03-01 | $367,500 (2.5%) | $490,207 (-12.1%) | 0.00 | 281 |
| 2023-04-01 | $365,000 (-8.5%) | $489,417 (-10.7%) | 0.00 | 261 |
| 2023-05-01 | $364,950 (-6.1%) | $483,059 (-12.4%) | 0.00 | 288 |
| 2023-06-01 | $361,500 (-2.9%) | $489,810 (-7.6%) | 0.00 | 304 |
| 2023-07-01 | $359,900 (-4.0%) | $511,671 (3.4%) | 0.00 | 293 |
| 2023-08-01 | $365,750 (-4.5%) | $524,010 (1.6%) | 0.00 | 286 |
| 2023-09-01 | $369,000 (-2.2%) | $537,735 (6.2%) | 0.00 | 304 |
| 2023-10-01 | $350,000 (-4.1%) | $504,936 (3.5%) | 0.00 | 344 |
| 2023-11-01 | $354,975 (-1.4%) | $482,173 (0.7%) | 0.00 | 384 |
| 2023-12-01 | $364,000 (1.7%) | $484,537 (3.9%) | 0.00 | 368 |
| 2024-01-01 | $365,480 (1.3%) | $472,693 (4.2%) | 0.00 | 355 |
| 2024-02-01 | $360,605 (-2.5%) | $471,883 (-1.4%) | 0.00 | 360 |
| 2024-03-01 | $374,900 (2.0%) | $474,973 (-3.1%) | 0.00 | 359 |
| 2024-04-01 | $374,975 (2.7%) | $476,280 (-2.7%) | 0.00 | 379 |
| 2024-05-01 | $375,000 (2.8%) | $481,222 (-0.4%) | 0.00 | 410 |
| 2024-06-01 | $369,900 (2.3%) | $455,873 (-6.9%) | 0.00 | 501 |
| 2024-07-01 | $349,900 (-2.8%) | $430,874 (-15.8%) | 0.00 | 542 |
| 2024-08-01 | $350,000 (-4.3%) | $447,371 (-14.6%) | 0.00 | 501 |
| 2024-09-01 | $345,000 (-6.5%) | $435,197 (-19.1%) | 0.00 | 518 |
| 2024-10-01 | $320,475 (-8.4%) | $411,015 (-18.6%) | 0.00 | 598 |
| 2024-11-01 | $349,900 (-1.4%) | $456,559 (-5.3%) | 0.00 | 534 |
CLEVELAND's median listing price for 2024-11-01 was $349,900, a difference of
$-5,075
(-1.4%) versus the prior year and
$29,425 versus the prior month.
CLEVELAND's median listing price comes in at 0% of the national average.
CLEVELAND's average listing price for 2024-11-01 was $456,559, a difference of $-25,614 (-5.3%) versus the prior year and $45,544 versus the prior month.
For the 2024-11-01 period, CLEVELAND had 534 MLS listings, a difference of -64 listings (-11%) versus the prior month and 150 listings (39%) versus the prior year.
CLEVELAND's median listing price comes in at 0% of the national average.
CLEVELAND's average listing price for 2024-11-01 was $456,559, a difference of $-25,614 (-5.3%) versus the prior year and $45,544 versus the prior month.
For the 2024-11-01 period, CLEVELAND had 534 MLS listings, a difference of -64 listings (-11%) versus the prior month and 150 listings (39%) 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 | 2,130 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 | 2,020 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 | 2,044 sqft |
| 2019-04-01 | 0 days | 2,088 sqft |
| 2019-05-01 | 0 days | 2,123 sqft |
| 2019-06-01 | 0 days | 2,170 sqft |
| 2019-07-01 | 0 days | 2,199 sqft |
| 2019-08-01 | 0 days | 2,203 sqft |
| 2019-09-01 | 0 days | 2,203 sqft |
| 2019-10-01 | 0 days | 2,184 sqft |
| 2019-11-01 | 0 days | 2,112 sqft |
| 2019-12-01 | 0 days | 2,087 sqft |
| 2020-01-01 | 0 days | 2,060 sqft |
| 2020-02-01 | 0 days | 2,080 sqft |
| 2020-03-01 | 0 days | 2,094 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 | 2,071 sqft |
| 2020-10-01 | 0 days | 2,000 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 | 2,020 sqft |
| 2021-04-01 | 0 days | 1,956 sqft |
| 2021-05-01 | 0 days | 1,794 sqft |
| 2021-06-01 | 0 days | 1,873 sqft |
| 2021-07-01 | 0 days | 1,856 sqft |
| 2021-08-01 | 0 days | 1,838 sqft |
| 2021-09-01 | 0 days | 1,896 sqft |
| 2021-10-01 | 0 days | 1,897 sqft |
| 2021-11-01 | 0 days | 2,033 sqft |
| 2021-12-01 | 0 days | 2,062 sqft |
| 2022-01-01 | 0 days | 2,080 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 | 2,212 sqft |
| 2022-06-01 | 0 days | 2,206 sqft |
| 2022-07-01 | 0 days | 2,133 sqft |
| 2022-08-01 | 0 days | 2,187 sqft |
| 2022-09-01 | 0 days | 2,144 sqft |
| 2022-10-01 | 0 days | 2,084 sqft |
| 2022-11-01 | 0 days | 2,043 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 |
| 2023-03-01 | 0 days | 1,977 sqft |
| 2023-04-01 | 0 days | 2,046 sqft |
| 2023-05-01 | 0 days | 2,028 sqft |
| 2023-06-01 | 0 days | 2,027 sqft |
| 2023-07-01 | 0 days | 2,000 sqft |
| 2023-08-01 | 0 days | 2,061 sqft |
| 2023-09-01 | 0 days | 2,002 sqft |
| 2023-10-01 | 0 days | 1,885 sqft |
| 2023-11-01 | 0 days | 1,928 sqft |
| 2023-12-01 | 0 days | 1,890 sqft |
| 2024-01-01 | 0 days | 1,890 sqft |
| 2024-02-01 | 0 days | 1,949 sqft |
| 2024-03-01 | 0 days | 1,874 sqft |
| 2024-04-01 | 0 days | 1,898 sqft |
| 2024-05-01 | 0 days | 1,924 sqft |
| 2024-06-01 | 0 days | 1,841 sqft |
| 2024-07-01 | 0 days | 1,788 sqft |
| 2024-08-01 | 0 days | 1,800 sqft |
| 2024-09-01 | 0 days | 1,776 sqft |
| 2024-10-01 | 0 days | 1,641 sqft |
| 2024-11-01 | 0 days | 1,738 sqft |
CLEVELAND's median listing age (time on market) for 2024-11-01 was 0 days.
CLEVELAND's median square footage for active listings during the 2024-11-01 period was 1,738 sqft. One year prior, the average listing was 1,928 sqft.
CLEVELAND's median square footage for active listings during the 2024-11-01 period was 1,738 sqft. One year prior, the average listing was 1,928 sqft.
CLEVELAND, TN Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 37307 | Cleveland, TN MSA | $590 | $630 | $830 | $1,090 | $1,180 |
| 37309 | Cleveland, TN MSA | $750 | $810 | $1,060 | $1,390 | $1,500 |
| 37310 | Cleveland, TN MSA | $530 | $570 | $750 | $980 | $1,110 |
| 37311 | Cleveland, TN MSA | $660 | $710 | $930 | $1,220 | $1,320 |
| 37312 | Cleveland, TN MSA | $720 | $770 | $1,020 | $1,340 | $1,450 |
| 37317 | Cleveland, TN MSA | $530 | $570 | $750 | $980 | $1,110 |
| 37320 | Cleveland, TN MSA | $670 | $720 | $950 | $1,250 | $1,350 |
| 37323 | Cleveland, TN MSA | $700 | $750 | $990 | $1,300 | $1,400 |
| 37325 | Cleveland, TN MSA | $630 | $680 | $890 | $1,170 | $1,260 |
| 37326 | Cleveland, TN MSA | $530 | $570 | $750 | $980 | $1,110 |
| 37331 | Cleveland, TN MSA | $570 | $620 | $810 | $1,060 | $1,150 |
| 37333 | Cleveland, TN MSA | $630 | $680 | $890 | $1,170 | $1,260 |
| 37336 | Cleveland, TN MSA | $790 | $830 | $1,040 | $1,360 | $1,510 |
| 37353 | Cleveland, TN MSA | $740 | $780 | $1,010 | $1,320 | $1,440 |
| 37361 | Cleveland, TN MSA | $580 | $620 | $820 | $1,080 | $1,160 |
| 37362 | Cleveland, TN MSA | $560 | $600 | $790 | $1,040 | $1,120 |
| 37364 | Cleveland, TN MSA | $670 | $720 | $950 | $1,250 | $1,350 |
| 37369 | Cleveland, TN MSA | $570 | $620 | $810 | $1,060 | $1,150 |
| 37385 | Cleveland, TN MSA | $570 | $620 | $810 | $1,060 | $1,150 |
| 37391 | Cleveland, TN MSA | $630 | $680 | $890 | $1,170 | $1,260 |
2022 Average & Median Rent Data Statistics
CLEVELAND, TN average 1BR rent: $678, median: $680
CLEVELAND, TN average 2BR rent: $887, median: $890
CLEVELAND, TN average 3BR rent: $1,164, median: $1,170
CLEVELAND, TN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,450 | $380,660,000 | $262,524 |
| Cash Out Refi | 332 | $61,860,000 | $186,325 |
| Other | 287 | $24,105,000 | $83,990 |
| Home Improvement | 238 | $23,410,000 | $98,361 |
| Refi | 209 | $41,625,000 | $199,163 |
Cleveland's most frequently cited loan purpose was Home Purchase, with 1,450 originations. The 2nd most popular reason was Cash Out Refi, with 332 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 812 | $198,250,000 | $244,150 |
| 7-8% | 537 | $124,415,000 | $231,685 |
| Over 8% | 528 | $58,270,000 | $110,360 |
| 5-6% | 350 | $89,450,000 | $255,571 |
| 4-5% | 41 | $9,185,000 | $224,024 |
| 2.5-3% | 11 | $585,000 | $53,182 |
| <2.5% | 9 | $315,000 | $35,000 |
| 3-4% | 3 | $405,000 | $135,000 |
During 2023, Cleveland's most frequently originated rate bucket was 6-7%, with 812 originations.
Loan Sizing (CLEVELAND, TN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,015 | $280,205,000 | $276,064 |
| $100k-200k | 675 | $101,055,000 | $149,711 |
| $100,000 or less | 616 | $33,230,000 | $53,945 |
| $400k-600k | 164 | $76,810,000 | $468,354 |
| $600k-1000k | 39 | $27,165,000 | $696,538 |
| $Over $1MM | 7 | $13,195,000 | $1,885,000 |
CLEVELAND's loan sizing saw the bucket of loans from $200k-400k with 1,015 originations, totaling $280,205,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 893 | $246,735,000 | $276,299 |
| 60-80% | 438 | $112,530,000 | $256,918 |
| Under 20% | 367 | $16,725,000 | $45,572 |
| 20-40% | 280 | $28,220,000 | $100,786 |
| 40-60% | 236 | $50,990,000 | $216,059 |
| Over 100% | 40 | $12,910,000 | $322,750 |
CLEVELAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 893 originations, totaling $246,735,000 in origination value.