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 6.95% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

The average rate for the prior week (2024-04-04) was 6.59% and one month ago for the week of 2024-03-07, the average rate was 6.65%.

Cleveland's average rate one year ago was 6.05%.

For refis of the same type during the week of 2024-04-11, the average rate was 7.47%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
Cleveland 30 Year Fixed Rate 2024-04-11 6.95%
Cleveland 30 Year Fixed Rate Refi 2024-04-11 7.47%
Cleveland 15 Year Fixed Rate 2024-04-11 5.96%
Cleveland 15 Year Fixed Rate Refi 2024-04-11 6.36%
Cleveland 30 Year FHA 2024-04-11 6.62%
Cleveland 30 Year FHA Refi 2024-04-11 6.94%
Cleveland 30 Year USDA 2024-04-11 6.51%
Cleveland 30 Year USDA Refi 2024-04-11 6.91%
Cleveland 30 Year VA 2024-04-11 6.62%
Cleveland 30 Year VA Refi 2024-04-11 6.37%
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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 80 6.74% $6,995
First Citizens National Bank 60 6.99% $3,648
TENNESSEE VALLEY 55 6.30% $4,498
CMG MORTGAGE, INC. 54 6.64% $5,346
United Community Bank 39 6.84% $4,462
FirstBank 38 6.77% $5,259
BancorpSouth 25 6.45% $4,257
MORTGAGE INVESTORS GROUP, INC. 22 6.52% $5,783
UNION HOME MORTGAGE CORP. 21 7.01% $6,120
MOVEMENT MORTGAGE, LLC 20 6.91% $7,575
Truist 18 6.72% $3,978
UNITED WHOLESALE MORTGAGE, LLC 16 6.58% $6,583
SmartBank 15 6.67% $3,283
Regions Bank 14 7.13% $3,867
SUMMIT FUNDING, INC. 12 7.23% $9,985
ARK-LA-TEX FINANCIAL SERVICES, LLC. 11 6.96% $4,746
Bowater Employees Credit Union 10 7.15% $5,137
STOCKTON MORTGAGE CORPORATION 10 6.58% $6,168
LOANDEPOT.COM, LLC 9 7.01% $6,683
Pinnacle Bank 9 6.72% $3,928
TJC Mortgage, Inc. 8 7.00% $7,090
DHI MORTGAGE COMPANY, LTD. 8 6.16% $3,132
CHURCHILL MORTGAGE CORPORATION 6 6.75% $6,091
Citizens Bank 6 6.75% $5,350
JPMorgan Chase Bank 6 7.02% $2,824
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 6 6.83% $6,198
VANDERBILT MORTGAGE AND FINANCE, INC. 5 8.13% $6,376
BROKER SOLUTIONS, INC. 5 6.97% $7,814
Mr. Cooper ( Nationstar Mortgage ) 5 6.60% $8,210
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.75% $3,678
CapStar Bank 5 6.52% $3,973
First Horizon Bank 5 6.88% $3,335
USAA Federal Savings Bank 5 6.55% $5,451
GUARANTEED RATE, INC. 5 6.48% $5,854
LEADERONE FINANCIAL CORPORATION 5 6.67% $6,568
AMERICAN FEDERAL MORTGAGE CORPORATION 4 6.25% $4,139
CARDINAL FINANCIAL 4 7.03% $6,738
NBKC BANK 4 6.47% $4,188
ALAMEDA MORTGAGE CORPORATION 4 6.94% $5,730
FIRST COMMUNITY MORTGAGE, INC. 4 7.06% $5,965
The Federal Savings Bank 3 7.67% $5,927
NFM, INC. 3 7.42% $6,024
NexBank 3 7.29% $7,197
The Loan Store, Inc. 3 7.38% $5,113
Legacy Home Loans, LLC 3 6.46% $4,243
Raymond James Bank 3 5.50% $3,905
COMMUNITY MORTGAGE CORPORATION 3 6.91% $6,247
Chattanooga Federal Emp. Credit Union 3 7.29% $6,360
AMERISAVE MORTGAGE CORPORATION 3 6.79% $10,650
SouthEast Bank 3 7.03% $3,140
Wells Fargo Bank 3 6.00% $3,533
21ST MORTGAGE CORPORATION 3 8.00% $5,944
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.92% $6,910
Paramount Residential Mortgage Group, Inc. 3 7.08% $5,791
ISERVE RESIDENTIAL LENDING, LLC 2 7.13% $10,171
LAKEVIEW LOAN SERVICING, LLC 2 6.81% $6,221
First National Bank of America 2 10.87% $10,196
Sierra Pacific Mortgage Company, Inc. 2 6.50% $5,806
Farm Credit Mid-America, ACA 2 7.00% $4,528
MEMBER FIRST MORTGAGE, LLC 2 6.88% $6,446
Renasant Bank 2 6.56% $6,007
Flagstar Bank, FSB 2 6.13% $6,270
The Huntington National Bank 2 6.38% $4,435
Third Federal Savings and Loan Association of Cleveland 2 6.44% $4,260
CANOPY MORTGAGE, LLC 2 6.50% $7,563
FREEDOM MORTGAGE CORPORATION 2 7.44% $7,289
PENNYMAC LOAN SERVICES, LLC 2 5.99% $8,611
PANORAMA MORTGAGE GROUP, LLC 2 6.88% $3,090
ORNL Federal Credit Union 2 4.70% $3,825
Northpointe Bank 2 6.24% $9,824
MUTUAL OF OMAHA MORTGAGE, INC. 2 7.06% $7,551
CROSSCOUNTRY MORTGAGE, LLC 2 7.68% $7,152
Magnolia Bank 2 6.56% $7,344
Morgan Stanley Private Bank 2 5.83% $2,429
CU COMMUNITY, LLC 2 6.66% $8,192
Fifth Third Bank 2 6.69% $3,844
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.13% $13,900
DEEPHAVEN MORTGAGE LLC 2 9.31% $6,480
Y-12 Federal Credit Union 1 6.75% $6,200
ABSOLUTE HOME MORTGAGE CORPORATION 1 7.62% $2,879
ACADEMY MORTGAGE CORPORATION 1 6.88% $6,285
ALLIED MORTGAGE GROUP, INC. 1 7.13% $3,046
ALTRA 1 6.40% $3,334
AMERICAN FINANCIAL NETWORK, INC. 1 7.00% $5,807
AMERICAN FINANCING CORPORATION 1 6.75% $6,556
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 7.88% $5,596
Ameris Bank 1 6.25% $9,981
Assurance Financial Group, L.L.C. 1 6.99% $6,833
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.25% $8,978
Barrington Bank & Trust Company, N.A. 1 6.63% $4,919
BAY EQUITY LLC 1 6.49% $6,163
Citizens Tri-County Bank 1 6.99% $3,953
CONSUMERS COOPERATIVE CREDIT UNION 1 7.00% $3,252
CRESCENT MORTGAGE COMPANY 1 6.75% $10,518
DAS Acquisition Company, LLC 1 10.75% $10,841
DIGITAL Federal Credit Union 1 6.88% $3,556
Equity Prime Mortgage LLC 1 7.00% $4,615
EVERETT FINANCIAL, INC. 1 6.99% $8,173
First Bank & Trust 1 6.88% $8,556
FIRST COLONY MORTGAGE CORPORATION 1 6.75% $2,590
First Financial Bank 1 7.63% $3,946
FIRST FLORIDA Credit Union 1 7.38% $3,676
FIRST HOME MORTGAGE CORPORATION 1 6.75% $8,783
First Option Mortgage, LLC 1 6.50% $10,137
First Vision Bank of Tennessee 1 6.99% $10,037
First Western Bank & Trust 1 6.00% $3,245
Franklin Loan Corporation 1 6.00% $8,167
FREEDOM FIRST 1 4.88% $3,302
Gateway First Bank 1 6.25% $9,753
GEORGIA'S OWN 1 5.88% $6,289
GUARANTY HOME MORTGAGE CORPORATION 1 6.50% $2,955
GUARANTY MORTGAGE SERVICES, L.L.C. 1 7.63% $4,164
HOMESTAR FINANCIAL CORPORATION 1 7.63% $9,666
KNOXVILLE TVA EMPLOYEES CREDIT UNION 1 6.50% $3,475
LADERA LENDING, INC. 1 7.13% $4,069
Legends Bank 1 7.38% $2,981
Mortgage Research Center, LLC 1 7.13% $0
NATIONS DIRECT MORTGAGE, LLC 1 7.25% $11,038
NAVY FEDERAL CREDIT UNION 1 7.00% $2,433
North American Savings Bank, F.S.B. 1 6.38% $6,151
PENTAGON FEDERAL CREDIT UNION 1 6.13% $4,971
PHH Mortgage Corporation 1 6.38% $550
Plains Commerce Bank 1 6.88% $3,908
Princeton Mortgage Corporation 1 7.38% $3,724
RELIANCE FIRST CAPITAL, LLC 1 7.88% $4,580
River Valley AgCredit, ACA 1 7.70% $6,579
ROYAL UNITED MORTGAGE LLC 1 5.75% $6,915
SeaTrust Mortgage Company 1 6.50% $4,892
SIRVA MORTGAGE, INC. 1 6.25% $0
SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 6.88% $11,613
STATE EMPLOYEES' 1 5.40% $4,529
SUCCESS MORTGAGE PARTNERS, INC. 1 6.00% $16,407
SUN WEST MORTGAGE COMPANY, INC. 1 7.63% $5,073
SWBC MORTGAGE CORPORATION 1 6.75% $1,641
TOP FLITE FINANCIAL, INC. 1 6.50% $9,628
Towne Bank 1 7.00% $8,610
TOWNE MORTGAGE COMPANY 1 6.75% $4,764
Truliant Federal Credit Union 1 5.50% $6,618
U.S. Bank 1 5.88% $0
US MORTGAGE CORPORATION 1 5.99% $14,065
Wolfe Financial, Inc 1 7.25% $7,077

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
CLEVELAND's median listing price for 2024-03-01 was $374,900, a difference of $7,400 (2.0%) versus the prior year and $14,295 versus the prior month.

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

CLEVELAND's average listing price for 2024-03-01 was $474,973, a difference of $-15,234 (-3.1%) versus the prior year and $3,090 versus the prior month.

For the 2024-03-01 period, CLEVELAND had 359 MLS listings, a difference of -1 listings (0%) versus the prior month and 78 listings (28%) 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 1,947 sqft
2024-03-01 0 days 1,874 sqft
CLEVELAND's median listing age (time on market) for 2024-03-01 was 0 days.

CLEVELAND's median square footage for active listings during the 2024-03-01 period was 1,874 sqft. One year prior, the average listing was 1,977 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.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
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.