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 6.61% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

The average rate for the prior week (2025-03-27) was 6.62% and one month ago for the week of 2025-02-27, the average rate was 6.93%.

Cleveland's average rate one year ago was 6.76%.

For refis of the same type during the week of 2025-04-03, the average rate was 6.92%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-04-03 6.64%
Cleveland 30 Year Fixed Rate 2025-04-03 6.61%
Cleveland 30 Year Fixed Rate Refi 2025-04-03 6.92%
Cleveland 15 Year Fixed Rate 2025-04-03 5.62%
Cleveland 15 Year Fixed Rate Refi 2025-04-03 6.02%
Cleveland 30 Year FHA 2025-04-03 6.01%
Cleveland 30 Year FHA Refi 2025-04-03 6.26%
Cleveland 30 Year USDA 2025-04-03 6.32%
Cleveland 30 Year USDA Refi 2025-04-03 6.32%
Cleveland 30 Year VA 2025-04-03 6.34%
Cleveland 30 Year VA Refi 2025-04-03 5.58%
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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
QUICKEN LOANS, LLC 88 6.67% $6,744
CMG MORTGAGE, INC. 68 6.88% $5,492
First Citizens National Bank 57 6.69% $3,141
TENNESSEE VALLEY 47 6.31% $5,452
DHI MORTGAGE COMPANY, LTD. 39 5.85% $2,564
UNITED WHOLESALE MORTGAGE, LLC 38 6.75% $10,568
MOVEMENT MORTGAGE, LLC 31 6.80% $8,018
United Community Bank 31 7.04% $4,584
FirstBank 24 6.71% $6,106
SmartBank 24 6.92% $4,786
UNION HOME MORTGAGE CORP. 18 6.80% $6,552
BancorpSouth 17 6.90% $4,121
MORTGAGE INVESTORS GROUP, INC. 17 6.58% $6,859
Truist 16 6.79% $4,485
VANDERBILT MORTGAGE AND FINANCE, INC. 13 7.82% $6,215
Bowater Employees Credit Union 13 7.00% $5,262
SUMMIT FUNDING, INC. 12 6.94% $9,069
Regions Bank 10 6.84% $4,359
The Loan Store, Inc. 10 6.56% $6,381
TJC Mortgage, Inc. 9 6.83% $5,784
Wells Fargo Bank 9 7.06% $5,771
ALAMEDA MORTGAGE CORPORATION 9 7.04% $5,120
BROKER SOLUTIONS, INC. 8 7.06% $7,971
Renasant Bank 8 6.67% $4,216
JPMorgan Chase Bank 8 7.00% $4,408
FIRST COMMUNITY MORTGAGE, INC. 8 6.98% $5,723
NAVY FEDERAL CREDIT UNION 7 6.43% $4,782
GUARANTEED RATE, INC. 7 6.34% $7,185
LOANDEPOT.COM, LLC 7 6.75% $7,711
CHURCHILL MORTGAGE CORPORATION 6 6.98% $5,209
SouthEast Bank 6 8.40% $5,727
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 7.02% $3,724
River Valley AgCredit, ACA 6 7.18% $8,058
Farm Credit Mid-America, ACA 6 6.98% $7,896
U.S. Bank 6 6.33% $4,672
Pinnacle Bank 5 6.83% $4,948
LEADERONE FINANCIAL CORPORATION 4 6.53% $7,114
PENNYMAC LOAN SERVICES, LLC 4 6.59% $10,597
ORNL Federal Credit Union 4 6.39% $7,900
Mr. Cooper ( Nationstar Mortgage ) 4 7.22% $5,784
SIRVA MORTGAGE, INC. 3 7.04% $8
CROSSCOUNTRY MORTGAGE, LLC 3 7.06% $5,825
GUARANTEED RATE AFFINITY, LLC 3 6.88% $4,540
Synovus Bank 3 6.71% $5,780
Gateway First Bank 3 6.96% $8,861
STOCKTON MORTGAGE CORPORATION 3 6.63% $8,659
STATE EMPLOYEES' 3 6.41% $4,986
GUILD MORTGAGE COMPANY 3 6.62% $4,659
SUCCESS MORTGAGE PARTNERS, INC. 2 6.75% $10,812
TOWNE MORTGAGE COMPANY 2 6.88% $2,886
FREEDOM MORTGAGE CORPORATION 2 6.88% $7,500
RUOFF MORTGAGE COMPANY, INC. 2 7.06% $313
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 7.00% $6,303
ROYAL UNITED MORTGAGE LLC 2 6.88% $8,951
Carrington Mortgage Services, LLC 2 8.00% $7,227
Uwharrie Bank 2 8.06% $4,316
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.81% $6,568
COCA-COLA 2 7.00% $4,714
First Horizon Bank 2 6.38% $3,416
ISERVE RESIDENTIAL LENDING, LLC 2 7.19% $5,405
KNOXVILLE TVA EMPLOYEES CREDIT UNION 2 7.38% $5,577
COMMUNITY MORTGAGE CORPORATION 2 6.43% $3,995
CANOPY MORTGAGE, LLC 2 6.50% $6,817
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.88% $4,818
Discover Bank 2 7.02% $0
AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.31% $7,696
PENTAGON FEDERAL CREDIT UNION 1 6.88% $3,745
AMERICAN FINANCIAL NETWORK, INC. 1 7.63% $8,614
AMERICAN FINANCING CORPORATION 1 6.50% $6,547
AmeriHome Mortgage Company, LLC 1 6.25% $4,572
AMERISAVE MORTGAGE CORPORATION 1 6.99% $15,994
Ameris Bank 1 7.13% $8,957
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 8.13% $8,362
Bank of America 1 6.88% $2,936
BAY EQUITY LLC 1 6.13% $3,536
CARDINAL FINANCIAL 1 7.38% $4,210
Century Mortgage Company DBA Century Lending Company 1 6.63% $3,529
Chattanooga Federal Emp. Credit Union 1 6.13% $9,675
EMBRACE HOME LOANS, INC. 1 8.88% $25,057
Equity Prime Mortgage LLC 1 6.00% $7,198
EVERETT FINANCIAL, INC. 1 6.99% $3,795
First Federal Bank 1 6.63% $3,981
First Financial Bank 1 6.13% $2,998
First National Bank of Omaha 1 6.88% $3,585
First Western Trust Bank 1 6.75% $400
Flagstar Bank, FSB 1 7.63% $4,817
GMFS LLC 1 6.88% $1,828
Independent Bank 1 6.50% $5,281
INTERCOASTAL MORTGAGE COMPANY 1 6.00% $13,455
LAKEVIEW LOAN SERVICING, LLC 1 7.50% $5,624
Leaders Credit Union 1 6.99% $0
Legends Bank 1 7.38% $2,901
LOCAL GOVERNMENT FEDERAL CREDIT UNION 1 8.40% $4,888
MASON MCDUFFIE MORTGAGE CORPORATION 1 7.63% $11,411
Morgan Stanley Private Bank 1 5.80% $2,449
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.13% $3,048
NATIONS DIRECT MORTGAGE, LLC 1 7.50% $12,761
OAKTREE FUNDING CORP. 1 8.38% $32,185
Old National Bank 1 7.38% $3,758
Orion Federal Credit Union 1 6.63% $2,178
21ST MORTGAGE CORPORATION 1 8.57% $5,899
PNC Bank 1 6.00% $5,923
PREMIA MORTGAGE, LLC 1 6.63% $0
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.63% $5,783
Providence Bank & Trust 1 7.63% $3,240
PROVIDENT FUNDING ASSOCIATES, L.P. 1 5.63% $3,433
RBC Bank, (Georgia) 1 6.50% $1,697
Simmons Bank 1 6.88% $2,804
SOUTH CENTRAL BANK, INC. 1 7.88% $3,457
SWBC MORTGAGE CORPORATION 1 6.63% $4,542
THE MORTGAGE FIRM, INC. 1 7.13% $6,456
THE MORTGAGE LINK, INC. 1 6.88% $21,961
Towne Bank 1 6.63% $5,096
UNITED 1 6.88% $2,645
USAA Federal Savings Bank 1 6.50% $3,856
VAN DYK MORTGAGE CORPORATION 1 7.50% $2,040
ZILLOW HOME LOANS, LLC 1 7.13% $6,439

CLEVELAND Average Closing Costs & Other Stats

CLEVELAND, TN's 117 lenders originated 2,835 loans during 2024. The total origination value was $691,475,000, with an average loan value of $243,907.

CLEVELAND's average closing costs are $5,544.

The top CLEVELAND lender as defined by loan originations is QUICKEN LOANS, LLC, with 88 loans originated. Their average total fees are $6,744, which is $1,252 higher than the next largest lender, CMG MORTGAGE, INC..

The lowest fee CLEVELAND lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($2,564), First Citizens National Bank ($3,141), BancorpSouth ($4,121), Regions Bank ($4,359) and Truist ($4,485).

The lowest rate CLEVELAND lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.85%), TENNESSEE VALLEY (6.31%), The Loan Store, Inc. (6.56%), MORTGAGE INVESTORS GROUP, INC. (6.58%) and QUICKEN LOANS, LLC (6.67%).

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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
Bank of Cleveland $38,945,000 $49,580,000 27.3% 7.2%
QUICKEN LOANS, LLC $37,625,000 $43,860,000 16.6% 6.3%
CMG MORTGAGE, INC. $32,675,000 $39,745,000 21.6% 5.7%
First Citizens National Bank $27,660,000 $33,275,000 20.3% 4.8%
UNITED WHOLESALE MORTGAGE, LLC $11,590,000 $31,765,000 174.1% 4.6%
DHI MORTGAGE COMPANY, LTD. $4,170,000 $30,815,000 639.0% 4.5%
TENNESSEE VALLEY $28,105,000 $27,735,000 -1.3% 4.0%
United Community Bank $21,755,000 $20,205,000 -7.1% 2.9%
Mortgage Research Center, LLC $14,005,000 $15,070,000 7.6% 2.2%
MORTGAGE INVESTORS GROUP, INC. $11,640,000 $14,515,000 24.7% 2.1%
Merchants Capital Corp. $14,455,000 n/a 2.1%
MOVEMENT MORTGAGE, LLC $11,840,000 $14,235,000 20.2% 2.1%
FirstBank $13,635,000 $13,940,000 2.2% 2.0%
Regions Bank $13,215,000 $13,325,000 0.8% 1.9%
WALKER & DUNLOP, LLC $12,295,000 n/a 1.8%
BancorpSouth $10,865,000 $10,810,000 -0.5% 1.6%
UNION HOME MORTGAGE CORP. $9,720,000 $10,720,000 10.3% 1.6%
Pinnacle Bank $9,160,000 $10,530,000 15.0% 1.5%
SmartBank $6,705,000 $10,430,000 55.6% 1.5%
Truist $10,120,000 $10,410,000 2.9% 1.5%
FREEDOM MORTGAGE CORPORATION $3,115,000 $9,595,000 208.0% 1.4%
Andrew Johnson Bank $11,105,000 $9,220,000 -17.0% 1.3%
SouthEast Bank $4,610,000 $7,570,000 64.2% 1.1%
SUMMIT FUNDING, INC. $5,040,000 $7,495,000 48.7% 1.1%
TJC Mortgage, Inc. $7,755,000 $7,080,000 -8.7% 1.0%
NAVY FEDERAL CREDIT UNION $2,270,000 $6,380,000 181.1% 0.9%
VANDERBILT MORTGAGE AND FINANCE, INC. $4,875,000 $6,355,000 30.4% 0.9%
The Loan Store, Inc. $1,410,000 $5,880,000 317.0% 0.9%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $5,065,000 $5,160,000 1.9% 0.7%
LOANDEPOT.COM, LLC $4,880,000 $5,095,000 4.4% 0.7%
PENNYMAC LOAN SERVICES, LLC $3,340,000 $5,085,000 52.2% 0.7%
Farm Credit Mid-America, ACA $750,000 $4,800,000 540.0% 0.7%
First Volunteer Bank $3,375,000 $4,600,000 36.3% 0.7%
LEADERONE FINANCIAL CORPORATION $4,505,000 $4,510,000 0.1% 0.7%
ALAMEDA MORTGAGE CORPORATION $2,585,000 $4,505,000 74.3% 0.7%
GUARANTEED RATE, INC. $2,550,000 $4,495,000 76.3% 0.7%
BROKER SOLUTIONS, INC. $2,685,000 $4,295,000 60.0% 0.6%
U.S. Bank $2,870,000 $4,105,000 43.0% 0.6%
Citizens Bank of Las Cruces $3,925,000 n/a 0.6%
JPMorgan Chase Bank $1,330,000 $3,890,000 192.5% 0.6%
CROSSCOUNTRY MORTGAGE, LLC $960,000 $3,875,000 303.6% 0.6%
First Horizon Bank $6,375,000 $3,665,000 -42.5% 0.5%
USAA Federal Savings Bank $3,025,000 $3,395,000 12.2% 0.5%
AMERICAN PACIFIC MORTGAGE CORPORATION $1,140,000 $3,310,000 190.4% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $2,505,000 $3,210,000 28.1% 0.5%
Wells Fargo Bank $1,595,000 $3,105,000 94.7% 0.4%
Bowater Employees Credit Union $2,375,000 $3,000,000 26.3% 0.4%
FIRST COMMUNITY MORTGAGE, INC. $4,255,000 $2,975,000 -30.1% 0.4%
River Valley AgCredit, ACA $840,000 $2,925,000 248.2% 0.4%
ISERVE RESIDENTIAL LENDING, LLC $1,285,000 $2,275,000 77.0% 0.3%
Flagstar Bank, FSB $1,335,000 $2,235,000 67.4% 0.3%
STOCKTON MORTGAGE CORPORATION $3,860,000 $2,080,000 -46.1% 0.3%
Barrington Bank & Trust Company, N.A. $655,000 $2,050,000 213.0% 0.3%
ORNL Federal Credit Union $510,000 $2,000,000 292.2% 0.3%
Renasant Bank $855,000 $1,960,000 129.2% 0.3%
CHURCHILL MORTGAGE CORPORATION $2,825,000 $1,930,000 -31.7% 0.3%
GUILD MORTGAGE COMPANY $1,930,000 n/a 0.3%
Discover Bank $1,285,000 $1,875,000 45.9% 0.3%
MILLENNIUM BANK $2,620,000 $1,810,000 -30.9% 0.3%
21ST MORTGAGE CORPORATION $1,795,000 $1,665,000 -7.2% 0.2%
LAKEVIEW LOAN SERVICING, LLC $860,000 $1,635,000 90.1% 0.2%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $1,555,000 n/a 0.2%
Century Mortgage Company DBA Century Lending Company $215,000 $1,500,000 597.7% 0.2%
PENTAGON FEDERAL CREDIT UNION $595,000 $1,430,000 140.3% 0.2%
Simmons Bank $1,435,000 $1,415,000 -1.4% 0.2%
COMMUNITY MORTGAGE CORPORATION $785,000 $1,410,000 79.6% 0.2%
Bank of America $1,380,000 $1,390,000 0.7% 0.2%
OAKTREE FUNDING CORP. $1,385,000 n/a 0.2%
Gateway First Bank $860,000 $1,360,000 58.1% 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $705,000 $1,340,000 90.1% 0.2%
Equity Prime Mortgage LLC $1,420,000 $1,305,000 -8.1% 0.2%
SUN WEST MORTGAGE COMPANY, INC. $710,000 $1,300,000 83.1% 0.2%
Peoples Bank of the South $1,445,000 $1,235,000 -14.5% 0.2%
NEW DAY FINANCIAL, LLC $910,000 $1,230,000 35.2% 0.2%
LENDINGHOME FUNDING CORPORATION $1,125,000 $1,175,000 4.4% 0.2%
The Federal Savings Bank $970,000 $1,170,000 20.6% 0.2%
TOWNE MORTGAGE COMPANY $410,000 $1,165,000 184.1% 0.2%
AmeriHome Mortgage Company, LLC $1,155,000 n/a 0.2%
PLANET HOME LENDING, LLC $730,000 $1,125,000 54.1% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $1,380,000 $1,060,000 -23.2% 0.2%
NFM, INC. $775,000 $1,045,000 34.8% 0.2%
Ameris Bank $395,000 $1,025,000 159.5% 0.1%
Citizens Bank $2,435,000 $1,015,000 -58.3% 0.1%
AMERICAN HERITAGE LENDING, INC. $965,000 n/a 0.1%
NBKC BANK $1,555,000 $950,000 -38.9% 0.1%
Carrington Mortgage Services, LLC $150,000 $925,000 516.7% 0.1%
STATE EMPLOYEES' $480,000 $925,000 92.7% 0.1%
Synovus Bank $515,000 $905,000 75.7% 0.1%
DOMINION FINANCIAL SERVICES, LLC $915,000 $885,000 -3.3% 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $880,000 n/a 0.1%
AMERISAVE MORTGAGE CORPORATION $1,780,000 $870,000 -51.1% 0.1%
GMFS LLC $865,000 n/a 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $2,005,000 $860,000 -57.1% 0.1%
SIRVA MORTGAGE, INC. $1,360,000 $845,000 -37.9% 0.1%
RUOFF MORTGAGE COMPANY, INC. $830,000 n/a 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $2,220,000 $800,000 -64.0% 0.1%
Peoples Bank of East Tennessee $385,000 $800,000 107.8% 0.1%
Figure Lending LLC $745,000 $780,000 4.7% 0.1%
Old National Bank $775,000 n/a 0.1%
VERITAS FUNDING, LLC $775,000 n/a 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $640,000 $765,000 19.5% 0.1%
Capital City Home Loans, LLC $765,000 n/a 0.1%
INTERCOASTAL MORTGAGE COMPANY $765,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $205,000 $760,000 270.7% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,045,000 $755,000 -75.2% 0.1%
Union Savings Bank $750,000 n/a 0.1%
EMBRACE HOME LOANS, INC. $725,000 n/a 0.1%
KNOXVILLE TVA EMPLOYEES CREDIT UNION $140,000 $710,000 407.1% 0.1%
WesBanco $705,000 n/a 0.1%
GUARANTEED RATE AFFINITY, LLC $315,000 $675,000 114.3% 0.1%
PHH Mortgage Corporation $165,000 $665,000 303.0% 0.1%
THE TENNESSEE CREDIT UNION $665,000 $665,000 0.0% 0.1%
Magnolia Bank $1,095,000 $660,000 -39.7% 0.1%
CANOPY MORTGAGE, LLC $450,000 $655,000 45.6% 0.1%
THE MORTGAGE LINK, INC. $655,000 n/a 0.1%
First Federal Bank $650,000 n/a 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $1,125,000 $645,000 -42.7% 0.1%
U. T. $45,000 $645,000 1,333.3% 0.1%
NEWREZ LLC $700,000 $630,000 -10.0% 0.1%
TruHome Solutions, LLC $630,000 n/a 0.1%
EVERETT FINANCIAL, INC. $945,000 $610,000 -35.4% 0.1%
PNC Bank $245,000 $610,000 149.0% 0.1%
Bank of Dade $675,000 $600,000 -11.1% 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $165,000 $590,000 257.6% 0.1%
LOANPAL, LLC $1,000,000 $585,000 -41.5% 0.1%
Y-12 Federal Credit Union $500,000 $585,000 17.0% 0.1%
blueharbor bank $455,000 $565,000 24.2% 0.1%
VILLAGE CAPITAL MORTGAGE $560,000 $560,000 0.0% 0.1%
Chattanooga Federal Emp. Credit Union $1,105,000 $555,000 -49.8% 0.1%
Morgan Stanley Private Bank $580,000 $555,000 -4.3% 0.1%
NEXERA HOLDING LLC $550,000 n/a 0.1%
A&D Mortgage LLC $520,000 n/a 0.1%
CLEARPATH LENDING $520,000 n/a 0.1%
Fortera Federal Credit Union $55,000 $520,000 845.5% 0.1%
Mid-Continent Funding, Inc. $245,000 $520,000 112.2% 0.1%
VAN DYK MORTGAGE CORPORATION $815,000 $510,000 -37.4% 0.1%
NATIONS RELIABLE LENDING, LLC $505,000 n/a 0.1%
First Western Trust Bank $495,000 n/a 0.1%
NATIONS DIRECT MORTGAGE, LLC $375,000 $495,000 32.0% 0.1%
FIRST COLONY MORTGAGE CORPORATION $300,000 $490,000 63.3% 0.1%
RELIANCE FIRST CAPITAL, LLC $405,000 $490,000 21.0% 0.1%
Simply Bank $380,000 $470,000 23.7% 0.1%
CITY FIRST MORTGAGE SERVICES, L.L.C. $455,000 n/a 0.1%
Third Federal Savings and Loan Association of Cleveland $910,000 $450,000 -50.5% 0.1%
Coastal Community Bank $320,000 $445,000 39.1% 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $445,000 n/a 0.1%
CapStar Bank $2,545,000 $440,000 -82.7% 0.1%
CARDINAL FINANCIAL $2,575,000 $435,000 -83.1% 0.1%
ASSEMBLIES OF GOD Credit Union $410,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $1,720,000 $410,000 -76.2% 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $405,000 n/a 0.1%
SWBC MORTGAGE CORPORATION $265,000 $405,000 52.8% 0.1%
Towne Bank $600,000 $405,000 -32.5% 0.1%
MORTGAGE ACCESS CORP. $385,000 n/a 0.1%
BANKSOUTH MORTGAGE COMPANY, LLC $375,000 n/a 0.1%
Orion Federal Credit Union $375,000 n/a 0.1%
Providence Bank & Trust $375,000 n/a 0.1%
THE MORTGAGE FIRM, INC. $365,000 n/a 0.1%
Commercial Bank & Trust Co. $355,000 n/a 0.1%
Leaders Credit Union $355,000 n/a 0.1%
S. C. TELCO $355,000 n/a 0.1%
ENDEAVOR CAPITAL, LLC. $350,000 n/a 0.1%
First Financial Bank $305,000 $350,000 14.8% 0.1%
Independent Bank $225,000 $345,000 53.3% 0.0%
PREMIA MORTGAGE, LLC $345,000 n/a 0.0%
SeaTrust Mortgage Company $795,000 $345,000 -56.6% 0.0%
LENDINGONE, LLC $415,000 $340,000 -18.1% 0.0%
BMO Harris Bank $335,000 n/a 0.0%
COMPASS MORTGAGE, INC. $325,000 n/a 0.0%
TOTAL MORTGAGE SERVICES, LLC $325,000 n/a 0.0%
ZILLOW HOME LOANS, LLC $315,000 n/a 0.0%
CityWorth Mortgage LLC $305,000 n/a 0.0%
DAS Acquisition Company, LLC $715,000 $305,000 -57.3% 0.0%
SOUTH CENTRAL BANK, INC. $305,000 n/a 0.0%
Peoples Bank $295,000 n/a 0.0%
Uwharrie Bank $290,000 n/a 0.0%
MASON MCDUFFIE MORTGAGE CORPORATION $285,000 n/a 0.0%
Patriot Bank $285,000 n/a 0.0%
MICHIGAN MUTUAL, INC. $275,000 n/a 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $875,000 $275,000 -68.6% 0.0%
1ST SIGNATURE LENDING, LLC $1,215,000 $265,000 -78.2% 0.0%
Citizens Bank & Trust $265,000 n/a 0.0%
GARDNER FINANCIAL SERVICES, LTD. $265,000 n/a 0.0%
Ixonia Bank $260,000 n/a 0.0%
OCMBC, INC. $260,000 n/a 0.0%
ROYAL UNITED MORTGAGE LLC $290,000 $260,000 -10.3% 0.0%
ALLIED MORTGAGE GROUP, INC. $195,000 $255,000 30.8% 0.0%
DEEPHAVEN MORTGAGE LLC $470,000 $255,000 -45.7% 0.0%
Legends Bank $255,000 $255,000 0.0% 0.0%
LOCAL GOVERNMENT FEDERAL CREDIT UNION $255,000 n/a 0.0%
MEMBER FIRST MORTGAGE, LLC $595,000 $255,000 -57.1% 0.0%
OCEANSIDE MORTGAGE COMPANY $255,000 n/a 0.0%
First Merchants Bank $245,000 n/a 0.0%
Presidential Bank, FSB $245,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $445,000 $240,000 -46.1% 0.0%
SOUTHWEST STAGE FUNDING, LLC $95,000 $235,000 147.4% 0.0%
ALL IN $85,000 $225,000 164.7% 0.0%
NEW WAVE LENDING GROUP INC $225,000 n/a 0.0%
Bethpage Federal Credit Union $205,000 $220,000 7.3% 0.0%
PREMIER MORTGAGE RESOURCES, L.L.C. $215,000 n/a 0.0%
CONTOUR MORTGAGE CORPORATION $205,000 n/a 0.0%
First National Bank of Omaha $195,000 n/a 0.0%
POLARIS HOME FUNDING CORP. $155,000 $195,000 25.8% 0.0%
UNIFY FINANCIAL Credit Union $190,000 n/a 0.0%
ALLIANT CREDIT UNION $185,000 n/a 0.0%
GUARANTY MORTGAGE SERVICES, L.L.C. $75,000 $185,000 146.7% 0.0%
MILEND, INC. $410,000 $185,000 -54.9% 0.0%
TOP FLITE FINANCIAL, INC. $380,000 $185,000 -51.3% 0.0%
Fifth Third Bank $410,000 $180,000 -56.1% 0.0%
Cornerstone First Mortgage, Inc $255,000 $175,000 -31.4% 0.0%
MID AMERICA MORTGAGE, INC. $890,000 $175,000 -80.3% 0.0%
DELTA COMMUNITY CREDIT UNION $165,000 n/a 0.0%
First Century Bank $165,000 n/a 0.0%
COCA-COLA $160,000 n/a 0.0%
RBC Bank, (Georgia) $155,000 n/a 0.0%
Sierra Pacific Mortgage Company, Inc. $635,000 $155,000 -75.6% 0.0%
ASCEND FEDERAL CREDIT UNION $145,000 n/a 0.0%
BAY EQUITY LLC $225,000 $135,000 -40.0% 0.0%
Elements Financial Federal Credit Union $125,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $290,000 $125,000 -56.9% 0.0%
GERSHMAN INVESTMENT CORP. $125,000 n/a 0.0%
Nicolet National Bank $125,000 n/a 0.0%
UNITED $125,000 n/a 0.0%
First-Citizens Bank & Trust Company $110,000 n/a 0.0%
SPRING EQ, LLC $110,000 n/a 0.0%
American Airlines Federal Credit Union $105,000 n/a 0.0%
Mountain Valley Bank $260,000 $105,000 -59.6% 0.0%
The Piedmont Bank $105,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $95,000 n/a 0.0%
MidFirst Bank $95,000 n/a 0.0%
UNITED MORTGAGE CORP $95,000 n/a 0.0%
Baxter Credit Union $105,000 $75,000 -28.6% 0.0%
Mountain Commerce Bank $955,000 $75,000 -92.1% 0.0%
ALTRA $375,000 $65,000 -82.7% 0.0%
Trust Federal Credit Union $65,000 n/a 0.0%
EASTMAN $25,000 $55,000 120.0% 0.0%
Chattanooga Area Schools Federal Credit Union $215,000 $45,000 -79.1% 0.0%
ROUNDPOINT MORTGAGE SERVICING CORPORATION $45,000 n/a 0.0%
CORNING $35,000 n/a 0.0%

CLEVELAND's top lender by overall market share is Bank of Cleveland, with 7.2% market share. In second place, with 6.3%, is QUICKEN LOANS, LLC, having originated $43,860,000 in loans. In third place, with 5.7%, is CMG MORTGAGE, INC., having originated $39,745,000 in loans. In fourth place, with 4.8%, is First Citizens National Bank, having originated $33,275,000 in loans. In fifth place, with 4.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $31,765,000 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 $239,088 (21.7%) $282,977 (18.7%) 0.00 435
2018-02-01 $239,563 (19.8%) $284,253 (17.3%) 0.00 431
2018-03-01 $238,900 (19.5%) $282,802 (14.9%) 0.00 437
2018-04-01 $234,675 (17.4%) $284,589 (14.8%) 0.00 423
2018-05-01 $232,375 (8.3%) $288,992 (13.2%) 0.00 409
2018-06-01 $224,900 (2.7%) $283,222 (7.2%) 0.00 452
2018-07-01 $225,250 (2.9%) $285,413 (8.2%) 0.00 461
2018-08-01 $223,563 (-2.8%) $281,102 (0.6%) 0.00 484
2018-09-01 $229,900 (0.4%) $278,254 (0.3%) 0.00 531
2018-10-01 $232,500 (-1.8%) $286,521 (1.1%) 0.00 502
2018-11-01 $239,450 (3.0%) $287,721 (4.7%) 0.00 473
2018-12-01 $234,900 (2.2%) $281,788 (3.9%) 0.00 454
2019-01-01 $234,600 (-1.9%) $283,308 (0.1%) 0.00 430
2019-02-01 $234,900 (-2.0%) $278,058 (-2.2%) 0.00 409
2019-03-01 $238,786 (-0.1%) $283,759 (0.3%) 0.00 397
2019-04-01 $245,811 (4.8%) $289,383 (1.7%) 0.00 386
2019-05-01 $248,475 (6.9%) $292,329 (1.2%) 0.00 395
2019-06-01 $249,900 (11.1%) $300,252 (6.0%) 0.00 418
2019-07-01 $249,900 (10.9%) $318,486 (11.6%) 0.00 444
2019-08-01 $249,609 (11.7%) $321,881 (14.5%) 0.00 447
2019-09-01 $249,773 (8.6%) $324,706 (16.7%) 0.00 458
2019-10-01 $249,882 (7.5%) $326,601 (14.0%) 0.00 460
2019-11-01 $249,900 (4.4%) $329,820 (14.6%) 0.00 450
2019-12-01 $244,950 (4.3%) $325,545 (15.5%) 0.00 423
2020-01-01 $241,100 (2.8%) $313,742 (10.7%) 0.00 386
2020-02-01 $249,810 (6.4%) $311,995 (12.2%) 0.00 358
2020-03-01 $249,175 (4.4%) $317,655 (12.0%) 0.00 352
2020-04-01 $247,363 (0.6%) $324,377 (12.1%) 0.00 357
2020-05-01 $259,900 (4.6%) $351,034 (20.1%) 0.00 327
2020-06-01 $276,350 (10.6%) $360,293 (20.0%) 0.00 277
2020-07-01 $279,925 (12.0%) $342,198 (7.5%) 0.00 228
2020-08-01 $280,000 (12.2%) $350,730 (9.0%) 0.00 204
2020-09-01 $279,750 (12.0%) $350,834 (8.1%) 0.00 225
2020-10-01 $265,000 (6.1%) $337,546 (3.4%) 0.00 228
2020-11-01 $259,900 (4.0%) $335,891 (1.8%) 0.00 225
2020-12-01 $252,750 (3.2%) $337,181 (3.6%) 0.00 180
2021-01-01 $259,900 (7.8%) $344,021 (9.7%) 0.00 140
2021-02-01 $282,475 (13.1%) $367,500 (17.8%) 0.00 126
2021-03-01 $285,950 (14.8%) $362,381 (14.1%) 0.00 112
2021-04-01 $283,399 (14.6%) $368,547 (13.6%) 0.00 121
2021-05-01 $273,713 (5.3%) $357,206 (1.8%) 0.00 124
2021-06-01 $283,775 (2.7%) $389,616 (8.1%) 0.00 151
2021-07-01 $284,025 (1.5%) $416,756 (21.8%) 0.00 169
2021-08-01 $285,176 (1.9%) $406,327 (15.9%) 0.00 202
2021-09-01 $295,078 (5.5%) $420,476 (19.9%) 0.00 208
2021-10-01 $303,683 (14.6%) $439,029 (30.1%) 0.00 199
2021-11-01 $336,700 (29.6%) $506,965 (50.9%) 0.00 165
2021-12-01 $349,500 (38.3%) $499,932 (48.3%) 0.00 161
2022-01-01 $329,400 (26.7%) $497,192 (44.5%) 0.00 129
2022-02-01 $363,425 (28.7%) $580,400 (57.9%) 0.00 105
2022-03-01 $356,600 (24.7%) $556,565 (53.6%) 0.00 107
2022-04-01 $389,755 (37.5%) $548,064 (48.7%) 0.00 136
2022-05-01 $385,925 (41.0%) $551,600 (54.4%) 0.00 195
2022-06-01 $373,075 (31.5%) $530,822 (36.2%) 0.00 249
2022-07-01 $375,000 (32.0%) $494,772 (18.7%) 0.00 335
2022-08-01 $382,830 (34.2%) $516,513 (27.1%) 0.00 338
2022-09-01 $377,388 (27.9%) $506,876 (20.6%) 0.00 360
2022-10-01 $360,255 (18.6%) $481,483 (9.7%) 0.00 379
2022-11-01 $359,975 (6.9%) $479,015 (-5.5%) 0.00 375
2022-12-01 $358,500 (2.6%) $467,597 (-6.5%) 0.00 354
2023-01-01 $360,910 (9.6%) $454,117 (-8.7%) 0.00 340
2023-02-01 $370,000 (1.8%) $479,475 (-17.4%) 0.00 321
2023-03-01 $367,500 (3.1%) $490,207 (-11.9%) 0.00 280
2023-04-01 $365,000 (-6.4%) $489,417 (-10.7%) 0.00 259
2023-05-01 $365,975 (-5.2%) $483,341 (-12.4%) 0.00 288
2023-06-01 $361,000 (-3.2%) $490,086 (-7.7%) 0.00 303
2023-07-01 $359,900 (-4.0%) $512,351 (3.6%) 0.00 293
2023-08-01 $365,500 (-4.5%) $524,193 (1.5%) 0.00 286
2023-09-01 $369,000 (-2.2%) $533,692 (5.3%) 0.00 302
2023-10-01 $350,000 (-2.9%) $500,141 (3.9%) 0.00 342
2023-11-01 $354,950 (-1.4%) $481,092 (0.4%) 0.00 383
2023-12-01 $363,750 (1.5%) $479,885 (2.6%) 0.00 366
2024-01-01 $365,102 (1.2%) $471,520 (3.8%) 0.00 354
2024-02-01 $360,277 (-2.6%) $470,766 (-1.8%) 0.00 359
2024-03-01 $372,400 (1.3%) $474,388 (-3.2%) 0.00 359
2024-04-01 $374,950 (2.7%) $475,522 (-2.8%) 0.00 380
2024-05-01 $375,000 (2.5%) $477,376 (-1.2%) 0.00 411
2024-06-01 $364,900 (1.1%) $449,568 (-8.3%) 0.00 501
2024-07-01 $349,869 (-2.8%) $430,411 (-16.0%) 0.00 541
2024-08-01 $349,950 (-4.3%) $447,194 (-14.7%) 0.00 501
2024-09-01 $345,000 (-6.5%) $434,503 (-18.6%) 0.00 518
2024-10-01 $319,500 (-8.7%) $409,731 (-18.1%) 0.00 597
2024-11-01 $349,900 (-1.4%) $455,200 (-5.4%) 0.00 533
2024-12-01 $346,065 (-4.9%) $463,809 (-3.4%) 0.00 458
2025-01-01 $353,018 (-3.3%) $482,699 (2.4%) 0.00 426
2025-02-01 $354,264 (-1.7%) $488,045 (3.7%) 0.00 405
2025-03-01 $364,950 (-2.0%) $495,651 (4.5%) 0.00 419
CLEVELAND's median listing price for 2025-03-01 was $364,950, a difference of $-7,450 (-2.0%) versus the prior year and $10,686 versus the prior month.

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

CLEVELAND's average listing price for 2025-03-01 was $495,651, a difference of $21,263 (4.5%) versus the prior year and $7,606 versus the prior month.

For the 2025-03-01 period, CLEVELAND had 419 MLS listings, a difference of 14 listings (3%) versus the prior month and 60 listings (17%) 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 2,122 sqft
2018-02-01 0 days 2,131 sqft
2018-03-01 0 days 2,162 sqft
2018-04-01 0 days 2,122 sqft
2018-05-01 0 days 2,117 sqft
2018-06-01 0 days 2,069 sqft
2018-07-01 0 days 2,097 sqft
2018-08-01 0 days 2,013 sqft
2018-09-01 0 days 2,084 sqft
2018-10-01 0 days 2,008 sqft
2018-11-01 0 days 2,081 sqft
2018-12-01 0 days 2,034 sqft
2019-01-01 0 days 1,998 sqft
2019-02-01 0 days 1,998 sqft
2019-03-01 0 days 2,040 sqft
2019-04-01 0 days 2,087 sqft
2019-05-01 0 days 2,120 sqft
2019-06-01 0 days 2,164 sqft
2019-07-01 0 days 2,199 sqft
2019-08-01 0 days 2,204 sqft
2019-09-01 0 days 2,204 sqft
2019-10-01 0 days 2,197 sqft
2019-11-01 0 days 2,123 sqft
2019-12-01 0 days 2,100 sqft
2020-01-01 0 days 2,072 sqft
2020-02-01 0 days 2,080 sqft
2020-03-01 0 days 2,100 sqft
2020-04-01 0 days 2,016 sqft
2020-05-01 0 days 2,100 sqft
2020-06-01 0 days 2,168 sqft
2020-07-01 0 days 2,168 sqft
2020-08-01 0 days 2,092 sqft
2020-09-01 0 days 2,067 sqft
2020-10-01 0 days 2,000 sqft
2020-11-01 0 days 1,898 sqft
2020-12-01 0 days 1,895 sqft
2021-01-01 0 days 1,840 sqft
2021-02-01 0 days 1,940 sqft
2021-03-01 0 days 1,993 sqft
2021-04-01 0 days 1,955 sqft
2021-05-01 0 days 1,794 sqft
2021-06-01 0 days 1,854 sqft
2021-07-01 0 days 1,843 sqft
2021-08-01 0 days 1,825 sqft
2021-09-01 0 days 1,890 sqft
2021-10-01 0 days 1,894 sqft
2021-11-01 0 days 2,030 sqft
2021-12-01 0 days 2,062 sqft
2022-01-01 0 days 2,090 sqft
2022-02-01 0 days 2,068 sqft
2022-03-01 0 days 2,077 sqft
2022-04-01 0 days 2,200 sqft
2022-05-01 0 days 2,211 sqft
2022-06-01 0 days 2,179 sqft
2022-07-01 0 days 2,112 sqft
2022-08-01 0 days 2,168 sqft
2022-09-01 0 days 2,142 sqft
2022-10-01 0 days 2,048 sqft
2022-11-01 0 days 2,026 sqft
2022-12-01 0 days 2,016 sqft
2023-01-01 0 days 1,985 sqft
2023-02-01 0 days 2,022 sqft
2023-03-01 0 days 1,971 sqft
2023-04-01 0 days 2,040 sqft
2023-05-01 0 days 2,024 sqft
2023-06-01 0 days 2,018 sqft
2023-07-01 0 days 2,000 sqft
2023-08-01 0 days 2,059 sqft
2023-09-01 0 days 2,007 sqft
2023-10-01 0 days 1,878 sqft
2023-11-01 0 days 1,925 sqft
2023-12-01 0 days 1,890 sqft
2024-01-01 0 days 1,890 sqft
2024-02-01 0 days 1,950 sqft
2024-03-01 0 days 1,893 sqft
2024-04-01 0 days 1,939 sqft
2024-05-01 0 days 1,938 sqft
2024-06-01 0 days 1,841 sqft
2024-07-01 0 days 1,796 sqft
2024-08-01 0 days 1,800 sqft
2024-09-01 0 days 1,779 sqft
2024-10-01 0 days 1,641 sqft
2024-11-01 0 days 1,733 sqft
2024-12-01 0 days 1,731 sqft
2025-01-01 0 days 1,764 sqft
2025-02-01 0 days 1,799 sqft
2025-03-01 0 days 1,873 sqft
CLEVELAND's median listing age (time on market) for 2025-03-01 was 0 days.

CLEVELAND's median square footage for active listings during the 2025-03-01 period was 1,873 sqft. One year prior, the average listing was 1,893 sqft.

CLEVELAND, TN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,580 $471,340,000 $298,316
Cash Out Refi 414 $90,640,000 $218,937
Refi 337 $82,155,000 $243,783
Other 266 $24,170,000 $90,865
Home Improvement 238 $23,170,000 $97,353

Cleveland's most frequently cited loan purpose was Home Purchase, with 1,580 originations. The 2nd most popular reason was Cash Out Refi, with 414 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,078 $279,610,000 $259,378
Over 8% 543 $70,545,000 $129,917
7-8% 472 $118,890,000 $251,886
5-6% 398 $125,820,000 $316,131
4-5% 62 $17,390,000 $280,484
<2.5% 8 $350,000 $43,750
3-4% 5 $1,105,000 $221,000
2.5-3% 2 $360,000 $180,000

During 2024, Cleveland's most frequently originated rate bucket was 6-7%, with 1,078 originations.

Loan Sizing (CLEVELAND, TN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 1,261 $353,655,000 $280,456
$100k-200k 691 $104,215,000 $150,818
$100,000 or less 573 $29,895,000 $52,173
$400k-600k 231 $108,045,000 $467,727
$600k-1000k 63 $45,685,000 $725,159
$Over $1MM 16 $49,980,000 $3,123,750

CLEVELAND's loan sizing saw the bucket of loans from $200k-400k with 1,261 originations, totaling $353,655,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,026 $310,910,000 $303,031
60-80% 550 $155,620,000 $282,945
Under 20% 359 $17,205,000 $47,925
20-40% 264 $30,910,000 $117,083
40-60% 253 $67,065,000 $265,079
Over 100% 45 $12,355,000 $274,556

CLEVELAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,026 originations, totaling $310,910,000 in origination value.