McMinnville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mcminnville averaged
6.67%
for the week of 2025-07-10, compared to the national average of
6.72% for the same period.
The average rate for the prior week (2025-07-03) was
6.62% and
one month ago for the week of 2025-06-05, the
average rate was 6.8%.
Mcminnville's average rate one year ago was 7%.
For refis of the same type during the week of 2025-07-10, the average rate
was 7.02%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-10 | 6.72% |
| Mcminnville 30 Year Fixed Rate | 2025-07-10 | 6.67% |
| Mcminnville 30 Year Fixed Rate Refi | 2025-07-10 | 7.02% |
| Mcminnville 15 Year Fixed Rate | 2025-07-10 | 5.76% |
| Mcminnville 15 Year Fixed Rate Refi | 2025-07-10 | 5.76% |
| Mcminnville 30 Year FHA | 2025-07-10 | 6.34% |
| Mcminnville 30 Year FHA Refi | 2025-07-10 | 6.72% |
| Mcminnville 30 Year USDA | 2025-07-10 | 6.35% |
| Mcminnville 30 Year USDA Refi | 2025-07-10 | 6.35% |
| Mcminnville 30 Year VA | 2025-07-10 | 6.47% |
| Mcminnville 30 Year VA Refi | 2025-07-10 | 6.27% |
McMinnville 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 McMinnville, 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.).
McMinnville Average Closing Costs & Other Stats
McMinnville, TN's 68 lenders originated 810
loans during 2024. The total origination value was $166,130,000, with an average loan value of
$205,099.
McMinnville's average closing costs are $5,793.
The top McMinnville lender as defined by loan originations is The First National Bank of Middle Tennessee, with
27 loans originated. Their average total fees are
$6,573, which is $596
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee McMinnville lenders (with over 10 loans originated) are
ASCEND FEDERAL CREDIT UNION ($3,325), Citizens Tri-County Bank ($5,395), QUICKEN LOANS, LLC ($5,976), The First National Bank of Middle Tennessee ($6,573) and .
The lowest rate McMinnville lenders (with over 10 loans originated) are
ASCEND FEDERAL CREDIT UNION (6.51%), Citizens Tri-County Bank (6.57%), The First National Bank of Middle Tennessee (6.66%), QUICKEN LOANS, LLC (6.90%) and .
McMinnville, 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 |
|---|---|---|---|---|
| The First National Bank of Middle Tennessee | $13,360,000 | $17,715,000 | 32.6% | 10.7% |
| QUICKEN LOANS, LLC | $13,150,000 | $14,150,000 | 7.6% | 8.5% |
| CMG MORTGAGE, INC. | $8,370,000 | $7,810,000 | -6.7% | 4.7% |
| Citizens Tri-County Bank | $5,705,000 | $7,670,000 | 34.4% | 4.6% |
| Renasant Bank | $8,615,000 | $7,210,000 | -16.3% | 4.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $3,755,000 | $5,850,000 | 55.8% | 3.5% |
| FIRST COMMUNITY MORTGAGE, INC. | $3,760,000 | $5,515,000 | 46.7% | 3.3% |
| PENNYMAC LOAN SERVICES, LLC | $1,355,000 | $4,845,000 | 257.6% | 2.9% |
| Mortgage Research Center, LLC | $4,785,000 | $4,750,000 | -0.7% | 2.9% |
| SeaTrust Mortgage Company | $4,250,000 | $4,695,000 | 10.5% | 2.8% |
| Regions Bank | $2,320,000 | $3,510,000 | 51.3% | 2.1% |
| ASCEND FEDERAL CREDIT UNION | $2,445,000 | $3,490,000 | 42.7% | 2.1% |
| FirstBank | $3,195,000 | $2,650,000 | -17.1% | 1.6% |
| MORTGAGE INVESTORS GROUP, INC. | $2,905,000 | $2,520,000 | -13.3% | 1.5% |
| U.S. Bank | $2,770,000 | $2,460,000 | -11.2% | 1.5% |
| FREEDOM MORTGAGE CORPORATION | $430,000 | $2,400,000 | 458.1% | 1.4% |
| Wilson Bank And Trust | $2,675,000 | $2,170,000 | -18.9% | 1.3% |
| CHURCHILL MORTGAGE CORPORATION | $175,000 | $1,765,000 | 908.6% | 1.1% |
| BROKER SOLUTIONS, INC. | $1,495,000 | $1,630,000 | 9.0% | 1.0% |
| NEWREZ LLC | $1,545,000 | n/a | 0.9% | |
| Flagstar Bank, FSB | $420,000 | $1,520,000 | 261.9% | 0.9% |
| 21ST MORTGAGE CORPORATION | $1,720,000 | $1,470,000 | -14.5% | 0.9% |
| NAVY FEDERAL CREDIT UNION | $2,010,000 | $1,330,000 | -33.8% | 0.8% |
| USAA Federal Savings Bank | $1,310,000 | n/a | 0.8% | |
| Citizens Bank of Lafayette | $645,000 | $1,280,000 | 98.4% | 0.8% |
| Farm Credit Mid-America, ACA | $270,000 | $1,255,000 | 364.8% | 0.8% |
| GUILD MORTGAGE COMPANY | $730,000 | $1,180,000 | 61.6% | 0.7% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $115,000 | $1,150,000 | 900.0% | 0.7% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,125,000 | $1,095,000 | -2.7% | 0.7% |
| GUARANTEED RATE, INC. | $1,220,000 | $1,060,000 | -13.1% | 0.6% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,055,000 | n/a | 0.6% | |
| Legacy Home Loans, LLC | $305,000 | $1,055,000 | 245.9% | 0.6% |
| Century Mortgage Company DBA Century Lending Company | $185,000 | $1,050,000 | 467.6% | 0.6% |
| REDSTONE Federal Credit Union | $330,000 | $1,030,000 | 212.1% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $795,000 | $960,000 | 20.8% | 0.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,380,000 | $875,000 | -63.2% | 0.5% |
| AMERICAN FINANCIAL RESOURCES, INC. | $820,000 | n/a | 0.5% | |
| UNION HOME MORTGAGE CORP. | $1,300,000 | $820,000 | -36.9% | 0.5% |
| Carrington Mortgage Services, LLC | $1,365,000 | $810,000 | -40.7% | 0.5% |
| PNC Bank | $45,000 | $810,000 | 1,700.0% | 0.5% |
| The Loan Store, Inc. | $785,000 | n/a | 0.5% | |
| JPMorgan Chase Bank | $195,000 | $775,000 | 297.4% | 0.5% |
| Old National Bank | $770,000 | n/a | 0.5% | |
| NEW DAY FINANCIAL, LLC | $135,000 | $725,000 | 437.0% | 0.4% |
| CASTLE & COOKE MORTGAGE, LLC | $715,000 | n/a | 0.4% | |
| Bank of England | $695,000 | n/a | 0.4% | |
| SWBC MORTGAGE CORPORATION | $840,000 | $665,000 | -20.8% | 0.4% |
| SOUTHWEST FUNDING, LP | $655,000 | n/a | 0.4% | |
| AmRes Corporation | $295,000 | $635,000 | 115.3% | 0.4% |
| SOUTHWEST STAGE FUNDING, LLC | $610,000 | n/a | 0.4% | |
| Barrington Bank & Trust Company, N.A. | $585,000 | n/a | 0.4% | |
| ISERVE RESIDENTIAL LENDING, LLC | $460,000 | $580,000 | 26.1% | 0.3% |
| AmeriHome Mortgage Company, LLC | $570,000 | n/a | 0.3% | |
| STOCKTON MORTGAGE CORPORATION | $165,000 | $570,000 | 245.5% | 0.3% |
| ALAMEDA MORTGAGE CORPORATION | $550,000 | n/a | 0.3% | |
| NMSI, INC. | $545,000 | n/a | 0.3% | |
| LAKEVIEW LOAN SERVICING, LLC | $115,000 | $530,000 | 360.9% | 0.3% |
| HOMESIDE FINANCIAL, LLC | $480,000 | $520,000 | 8.3% | 0.3% |
| Legends Bank | $420,000 | $510,000 | 21.4% | 0.3% |
| VAN DYK MORTGAGE CORPORATION | $340,000 | $500,000 | 47.1% | 0.3% |
| First State Bank | $495,000 | n/a | 0.3% | |
| SIRVA MORTGAGE, INC. | $470,000 | n/a | 0.3% | |
| VILLAGE CAPITAL MORTGAGE | $350,000 | $460,000 | 31.4% | 0.3% |
| Bell Bank | $515,000 | $455,000 | -11.7% | 0.3% |
| CB&S Bank, Inc. | $435,000 | $435,000 | 0.0% | 0.3% |
| Pacific Lending LLC | $410,000 | n/a | 0.2% | |
| Equity Prime Mortgage LLC | $335,000 | $390,000 | 16.4% | 0.2% |
| GVC MORTGAGE, INC. | $375,000 | n/a | 0.2% | |
| NBKC BANK | $375,000 | n/a | 0.2% | |
| ROYAL UNITED MORTGAGE LLC | $235,000 | $370,000 | 57.4% | 0.2% |
| Plains Commerce Bank | $270,000 | $365,000 | 35.2% | 0.2% |
| The Bank of New Glarus | $355,000 | n/a | 0.2% | |
| MOVEMENT MORTGAGE, LLC | $295,000 | $345,000 | 16.9% | 0.2% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $335,000 | n/a | 0.2% | |
| Ixonia Bank | $330,000 | n/a | 0.2% | |
| United Community Bank | $320,000 | n/a | 0.2% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $295,000 | n/a | 0.2% | |
| CROSSCOUNTRY MORTGAGE, LLC | $690,000 | $285,000 | -58.7% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $570,000 | $280,000 | -50.9% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $135,000 | $280,000 | 107.4% | 0.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $830,000 | $280,000 | -66.3% | 0.2% |
| Fifth Third Bank | $275,000 | n/a | 0.2% | |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $590,000 | $275,000 | -53.4% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $380,000 | $260,000 | -31.6% | 0.2% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $260,000 | n/a | 0.2% | |
| The Federal Savings Bank | $680,000 | $255,000 | -62.5% | 0.2% |
| Bank of Tennessee | $440,000 | $245,000 | -44.3% | 0.1% |
| LIBERTY HOME MORTGAGE CORPORATION | $245,000 | n/a | 0.1% | |
| Pinnacle Bank | $785,000 | $245,000 | -68.8% | 0.1% |
| INTERLINC MORTGAGE SERVICES, LLC | $550,000 | $240,000 | -56.4% | 0.1% |
| Ameris Bank | $905,000 | $235,000 | -74.0% | 0.1% |
| CapStar Bank | $1,065,000 | $235,000 | -77.9% | 0.1% |
| Nations Lending Corporation | $125,000 | $235,000 | 88.0% | 0.1% |
| NATIONS RELIABLE LENDING, LLC | $235,000 | n/a | 0.1% | |
| TENNESSEE TRUST MORTGAGE, INC | $235,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $225,000 | n/a | 0.1% | |
| Princeton Mortgage Corporation | $725,000 | $225,000 | -69.0% | 0.1% |
| Wells Fargo Bank | $225,000 | n/a | 0.1% | |
| TJC Mortgage, Inc. | $215,000 | n/a | 0.1% | |
| 1ST SIGNATURE LENDING, LLC | $350,000 | $205,000 | -41.4% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $205,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $475,000 | $195,000 | -58.9% | 0.1% |
| PHH Mortgage Corporation | $195,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $95,000 | $190,000 | 100.0% | 0.1% |
| Figure Lending LLC | $260,000 | $185,000 | -28.8% | 0.1% |
| GARDNER FINANCIAL SERVICES, LTD. | $185,000 | n/a | 0.1% | |
| NexBank | $185,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $185,000 | n/a | 0.1% | |
| MILEND, INC. | $320,000 | $175,000 | -45.3% | 0.1% |
| Prosperity Home Mortgage, LLC | $175,000 | n/a | 0.1% | |
| T2 FINANCIAL LLC | $305,000 | $175,000 | -42.6% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $165,000 | n/a | 0.1% | |
| CARDINAL FINANCIAL | $400,000 | $165,000 | -58.8% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $155,000 | $165,000 | 6.5% | 0.1% |
| EVANSVILLE TEACHERS | $600,000 | $155,000 | -74.2% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $155,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $145,000 | $155,000 | 6.9% | 0.1% |
| KeyBank | $135,000 | n/a | 0.1% | |
| Citizens Bank | $260,000 | $125,000 | -51.9% | 0.1% |
| NORWICH COMMERCIAL GROUP, INC. | $125,000 | n/a | 0.1% | |
| Southern Bank of Tennessee | $125,000 | n/a | 0.1% | |
| Discover Bank | $55,000 | $120,000 | 118.2% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $115,000 | n/a | 0.1% | |
| LOANPAL, LLC | $115,000 | n/a | 0.1% | |
| Bank of America | $370,000 | $105,000 | -71.6% | 0.1% |
| ENRICHMENT | $105,000 | n/a | 0.1% | |
| First Volunteer Bank | $105,000 | n/a | 0.1% | |
| HOMEXPRESS MORTGAGE CORP. | $105,000 | n/a | 0.1% | |
| NFM, INC. | $105,000 | n/a | 0.1% | |
| Royal Credit Union | $105,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $105,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $105,000 | n/a | 0.1% | |
| ATLANTA POSTAL | $85,000 | n/a | 0.1% | |
| LOANDEPOT.COM, LLC | $995,000 | $85,000 | -91.5% | 0.1% |
| Coastal Community Bank | $55,000 | $70,000 | 27.3% | 0.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $65,000 | n/a | 0.0% | |
| TENNESSEE VALLEY | $315,000 | $65,000 | -79.4% | 0.0% |
| Bank of Dickson | $55,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| Truist | $100,000 | $55,000 | -45.0% | 0.0% |
| CIS Financial Services, Inc. | $35,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $285,000 | $35,000 | -87.7% | 0.0% |
McMinnville's top lender by overall market share is The First National Bank of Middle Tennessee, with 10.7% market share. In second place, with 8.5%, is QUICKEN LOANS, LLC, having originated $14,150,000 in loans. In third place, with 4.7%, is CMG MORTGAGE, INC., having originated $7,810,000 in loans. In fourth place, with 4.6%, is Citizens Tri-County Bank, having originated $7,670,000 in loans. In fifth place, with 4.3%, is Renasant Bank, having originated $7,210,000 in loans.
McMinnville, TN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 451 | $109,175,000 | $242,073 |
| Refi | 132 | $24,180,000 | $183,182 |
| Cash Out Refi | 126 | $24,990,000 | $198,333 |
| Other | 55 | $4,145,000 | $75,364 |
| Home Improvement | 46 | $3,640,000 | $79,130 |
Mcminnville's most frequently cited loan purpose was Home Purchase, with 451 originations. The 2nd most popular reason was Refi, with 132 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 354 | $85,450,000 | $241,384 |
| Over 8% | 131 | $14,485,000 | $110,573 |
| 5-6% | 125 | $32,005,000 | $256,040 |
| 7-8% | 100 | $21,620,000 | $216,200 |
| 4-5% | 7 | $2,055,000 | $293,571 |
| <2.5% | 1 | $5,000 | $5,000 |
| 3-4% | 1 | $85,000 | $85,000 |
During 2024, Mcminnville's most frequently originated rate bucket was 6-7%, with 354 originations.
Loan Sizing (McMinnville, TN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 349 | $93,595,000 | $268,181 |
| $100k-200k | 235 | $35,545,000 | $151,255 |
| $100,000 or less | 174 | $8,500,000 | $48,851 |
| $400k-600k | 38 | $17,930,000 | $471,842 |
| $600k-1000k | 12 | $8,220,000 | $685,000 |
| $Over $1MM | 2 | $2,340,000 | $1,170,000 |
McMinnville's loan sizing saw the bucket of loans from $200k-400k with 349 originations, totaling $93,595,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 344 | $90,050,000 | $261,773 |
| 60-80% | 137 | $33,115,000 | $241,715 |
| Under 20% | 73 | $2,665,000 | $36,507 |
| 40-60% | 71 | $14,055,000 | $197,958 |
| 20-40% | 66 | $6,790,000 | $102,879 |
| Over 100% | 17 | $5,375,000 | $316,176 |
McMinnville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 344 originations, totaling $90,050,000 in origination value.