Shelbyville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Shelbyville averaged
7.07%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.7% and
one month ago for the week of 2025-05-15, the
average rate was 7.07%.
Shelbyville's average rate one year ago was 7.11%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.07%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Shelbyville 30 Year Fixed Rate | 2025-06-18 | 7.07% |
| Shelbyville 30 Year Fixed Rate Refi | 2025-06-18 | 7.07% |
| Shelbyville 15 Year Fixed Rate | 2025-06-18 | 5.76% |
| Shelbyville 15 Year Fixed Rate Refi | 2025-06-18 | 6.36% |
| Shelbyville 30 Year FHA | 2025-06-18 | -0.02% |
| Shelbyville 30 Year FHA Refi | 2025-06-18 | 0.1% |
| Shelbyville 30 Year USDA | 2025-06-18 | -0.2% |
| Shelbyville 30 Year USDA Refi | 2025-06-18 | 0% |
| Shelbyville 30 Year VA | 2025-06-18 | -0.03% |
| Shelbyville 30 Year VA Refi | 2025-06-18 | 0.1% |
Shelbyville 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 Shelbyville, 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.).
Shelbyville Average Closing Costs & Other Stats
Shelbyville, TN's 82 lenders originated 1,221
loans during 2024. The total origination value was $320,275,000, with an average loan value of
$262,305.
Shelbyville's average closing costs are $6,058.
The top Shelbyville lender as defined by loan originations is FIRST COMMUNITY MORTGAGE, INC., with
71 loans originated. Their average total fees are
$7,914, which is $1,367
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Shelbyville lenders (with over 10 loans originated) are
ASCEND FEDERAL CREDIT UNION ($3,358), Magnolia Bank ($3,425), FirstBank ($5,677), QUICKEN LOANS, LLC ($6,547) and CMG MORTGAGE, INC. ($6,783).
The lowest rate Shelbyville lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.41%), ASCEND FEDERAL CREDIT UNION (6.46%), QUICKEN LOANS, LLC (6.52%), FirstBank (6.59%) and Magnolia Bank (6.60%).
Shelbyville, 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 |
|---|---|---|---|---|
| FIRST COMMUNITY MORTGAGE, INC. | $45,390,000 | $53,875,000 | 18.7% | 16.8% |
| QUICKEN LOANS, LLC | $19,960,000 | $23,320,000 | 16.8% | 7.3% |
| CMG MORTGAGE, INC. | $23,765,000 | $22,170,000 | -6.7% | 6.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $12,945,000 | $14,525,000 | 12.2% | 4.5% |
| FirstBank | $13,150,000 | $14,185,000 | 7.9% | 4.4% |
| HERITAGE SOUTH COMMUNITY CU | $5,735,000 | $10,295,000 | 79.5% | 3.2% |
| Farm Credit Mid-America, ACA | $4,715,000 | $10,165,000 | 115.6% | 3.2% |
| SeaTrust Mortgage Company | $9,910,000 | $10,130,000 | 2.2% | 3.2% |
| ASCEND FEDERAL CREDIT UNION | $12,135,000 | $9,820,000 | -19.1% | 3.1% |
| Mortgage Research Center, LLC | $7,465,000 | $6,030,000 | -19.2% | 1.9% |
| U.S. Bank | $3,130,000 | $4,885,000 | 56.1% | 1.5% |
| The First National Bank of Middle Tennessee | $6,770,000 | $4,685,000 | -30.8% | 1.5% |
| PENNYMAC LOAN SERVICES, LLC | $2,860,000 | $4,420,000 | 54.5% | 1.4% |
| Regions Bank | $3,280,000 | $4,190,000 | 27.7% | 1.3% |
| Pinnacle Bank | $4,630,000 | $4,125,000 | -10.9% | 1.3% |
| Magnolia Bank | $1,350,000 | $4,025,000 | 198.1% | 1.3% |
| Citizens Bank of Lafayette | $5,285,000 | $3,940,000 | -25.4% | 1.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,575,000 | $3,725,000 | -18.6% | 1.2% |
| Wilson Bank And Trust | $3,440,000 | $3,600,000 | 4.7% | 1.1% |
| FREEDOM MORTGAGE CORPORATION | $1,635,000 | $3,330,000 | 103.7% | 1.0% |
| SWBC MORTGAGE CORPORATION | $2,910,000 | $3,155,000 | 8.4% | 1.0% |
| GUARANTEED RATE, INC. | $1,920,000 | $2,945,000 | 53.4% | 0.9% |
| T2 FINANCIAL LLC | $530,000 | $2,900,000 | 447.2% | 0.9% |
| CHURCHILL MORTGAGE CORPORATION | $2,345,000 | $2,795,000 | 19.2% | 0.9% |
| Ixonia Bank | $2,720,000 | n/a | 0.8% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $300,000 | $2,560,000 | 753.3% | 0.8% |
| ISERVE RESIDENTIAL LENDING, LLC | $1,190,000 | $2,505,000 | 110.5% | 0.8% |
| MOVEMENT MORTGAGE, LLC | $4,580,000 | $2,410,000 | -47.4% | 0.8% |
| PLANET HOME LENDING, LLC | $415,000 | $2,235,000 | 438.6% | 0.7% |
| EVANSVILLE TEACHERS | $585,000 | $2,220,000 | 279.5% | 0.7% |
| NORTHMARQ CAPITAL FINANCE, L.L.C. | $2,185,000 | n/a | 0.7% | |
| BROKER SOLUTIONS, INC. | $2,860,000 | $2,135,000 | -25.3% | 0.7% |
| VILLAGE CAPITAL MORTGAGE | $1,240,000 | $2,130,000 | 71.8% | 0.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,090,000 | $1,990,000 | -35.6% | 0.6% |
| LOANDEPOT.COM, LLC | $3,600,000 | $1,780,000 | -50.6% | 0.6% |
| FIRST COLONY MORTGAGE CORPORATION | $1,665,000 | n/a | 0.5% | |
| REDSTONE Federal Credit Union | $3,360,000 | $1,645,000 | -51.0% | 0.5% |
| Legacy Home Loans, LLC | $2,175,000 | $1,490,000 | -31.5% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $815,000 | $1,485,000 | 82.2% | 0.5% |
| NEWREZ LLC | $1,255,000 | $1,405,000 | 12.0% | 0.4% |
| First National Bank of America | $265,000 | $1,395,000 | 426.4% | 0.4% |
| COMMUNITY MORTGAGE CORPORATION | $765,000 | $1,310,000 | 71.2% | 0.4% |
| Ameris Bank | $295,000 | $1,280,000 | 333.9% | 0.4% |
| Bank of America | $780,000 | $1,225,000 | 57.1% | 0.4% |
| The Federal Savings Bank | $1,995,000 | $1,225,000 | -38.6% | 0.4% |
| Paramount Residential Mortgage Group, Inc. | $1,215,000 | n/a | 0.4% | |
| ACOPIA, LLC | $810,000 | $1,190,000 | 46.9% | 0.4% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,020,000 | $1,115,000 | 9.3% | 0.3% |
| Carrington Mortgage Services, LLC | $365,000 | $1,100,000 | 201.4% | 0.3% |
| MORTGAGE INVESTORS GROUP, INC. | $3,100,000 | $1,100,000 | -64.5% | 0.3% |
| 1ST SIGNATURE LENDING, LLC | $1,085,000 | n/a | 0.3% | |
| JPMorgan Chase Bank | $390,000 | $970,000 | 148.7% | 0.3% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $660,000 | $965,000 | 46.2% | 0.3% |
| LENDINGHOME FUNDING CORPORATION | $870,000 | n/a | 0.3% | |
| USAA Federal Savings Bank | $1,410,000 | $825,000 | -41.5% | 0.3% |
| 21ST MORTGAGE CORPORATION | $465,000 | $820,000 | 76.3% | 0.3% |
| LOANPAL, LLC | $390,000 | $715,000 | 83.3% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $2,125,000 | $710,000 | -66.6% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $515,000 | $700,000 | 35.9% | 0.2% |
| AmeriHome Mortgage Company, LLC | $690,000 | n/a | 0.2% | |
| AMERISAVE MORTGAGE CORPORATION | $1,255,000 | $685,000 | -45.4% | 0.2% |
| FirstTrust Home Loans, Inc. | $1,150,000 | $685,000 | -40.4% | 0.2% |
| MICHIGAN MUTUAL, INC. | $675,000 | n/a | 0.2% | |
| EVERETT FINANCIAL, INC. | $650,000 | n/a | 0.2% | |
| Renasant Bank | $355,000 | $630,000 | 77.5% | 0.2% |
| GUILD MORTGAGE COMPANY | $620,000 | n/a | 0.2% | |
| Citizens Tri-County Bank | $725,000 | $605,000 | -16.6% | 0.2% |
| GENEVA FINANCIAL, LLC | $605,000 | n/a | 0.2% | |
| First Horizon Bank | $1,955,000 | $575,000 | -70.6% | 0.2% |
| CASTLE & COOKE MORTGAGE, LLC | $570,000 | n/a | 0.2% | |
| CB&S Bank, Inc. | $310,000 | $560,000 | 80.6% | 0.2% |
| GARDNER FINANCIAL SERVICES, LTD. | $290,000 | $560,000 | 93.1% | 0.2% |
| SOUTHWEST FUNDING, LP | $560,000 | n/a | 0.2% | |
| COMPASS MORTGAGE, INC. | $540,000 | n/a | 0.2% | |
| NBKC BANK | $535,000 | n/a | 0.2% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,085,000 | $530,000 | -51.2% | 0.2% |
| PREMIA MORTGAGE, LLC | $275,000 | $530,000 | 92.7% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $180,000 | $525,000 | 191.7% | 0.2% |
| STOCKTON MORTGAGE CORPORATION | $245,000 | $520,000 | 112.2% | 0.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $310,000 | $520,000 | 67.7% | 0.2% |
| Morgan Stanley Private Bank | $515,000 | n/a | 0.2% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $495,000 | $510,000 | 3.0% | 0.2% |
| Bank of Tennessee | $365,000 | $495,000 | 35.6% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $195,000 | $490,000 | 151.3% | 0.2% |
| CARDINAL FINANCIAL | $1,300,000 | $480,000 | -63.1% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $785,000 | $470,000 | -40.1% | 0.1% |
| DAS Acquisition Company, LLC | $465,000 | n/a | 0.1% | |
| Northpointe Bank | $465,000 | n/a | 0.1% | |
| OCMBC, INC. | $330,000 | $440,000 | 33.3% | 0.1% |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $425,000 | n/a | 0.1% | |
| The Loan Store, Inc. | $425,000 | n/a | 0.1% | |
| Figure Lending LLC | $310,000 | $415,000 | 33.9% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $410,000 | n/a | 0.1% | |
| CIS Financial Services, Inc. | $405,000 | n/a | 0.1% | |
| OPEN MORTGAGE, LLC | $135,000 | $405,000 | 200.0% | 0.1% |
| BancorpSouth | $460,000 | $400,000 | -13.0% | 0.1% |
| F&M Bank | $665,000 | $385,000 | -42.1% | 0.1% |
| Nations Lending Corporation | $530,000 | $385,000 | -27.4% | 0.1% |
| Plains Commerce Bank | $385,000 | n/a | 0.1% | |
| Armed Forces Bank | $375,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $375,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $205,000 | $370,000 | 80.5% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $355,000 | n/a | 0.1% | |
| JMJ FINANCIAL GROUP | $565,000 | $355,000 | -37.2% | 0.1% |
| Apex Bank | $345,000 | n/a | 0.1% | |
| Coastal Community Bank | $75,000 | $345,000 | 360.0% | 0.1% |
| ILLINOIS STATE CREDIT UNION | $345,000 | n/a | 0.1% | |
| Pacific Lending LLC | $345,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $315,000 | $335,000 | 6.3% | 0.1% |
| Eagle Bank and Trust Company | $325,000 | n/a | 0.1% | |
| Century Mortgage Company DBA Century Lending Company | $315,000 | n/a | 0.1% | |
| LAND HOME FINANCIAL SERVICES, INC. | $275,000 | $315,000 | 14.5% | 0.1% |
| NEW DAY FINANCIAL, LLC | $315,000 | $315,000 | 0.0% | 0.1% |
| Volunteer State Bank | $315,000 | n/a | 0.1% | |
| BAY EQUITY LLC | $305,000 | n/a | 0.1% | |
| Blue Ridge Bank | $305,000 | n/a | 0.1% | |
| INTERLINC MORTGAGE SERVICES, LLC | $290,000 | $305,000 | 5.2% | 0.1% |
| Network Funding, L.P. | $305,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $335,000 | $295,000 | -11.9% | 0.1% |
| Flagstar Bank, FSB | $155,000 | $295,000 | 90.3% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $285,000 | n/a | 0.1% | |
| ROSS MORTGAGE CORPORATION | $520,000 | $285,000 | -45.2% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $275,000 | n/a | 0.1% | |
| Waterstone Mortgage Corporation | $275,000 | n/a | 0.1% | |
| A&D Mortgage LLC | $265,000 | n/a | 0.1% | |
| Bell Bank | $1,285,000 | $265,000 | -79.4% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $245,000 | n/a | 0.1% | |
| Texana Bank | $245,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $225,000 | n/a | 0.1% | |
| SmartBank | $650,000 | $225,000 | -65.4% | 0.1% |
| QUORUM FEDERAL CREDIT UNION | $175,000 | $220,000 | 25.7% | 0.1% |
| DELTA COMMUNITY CREDIT UNION | $75,000 | $215,000 | 186.7% | 0.1% |
| Fifth Third Bank | $270,000 | $215,000 | -20.4% | 0.1% |
| United Community Bank | $125,000 | $215,000 | 72.0% | 0.1% |
| Beeline Loans, Inc. | $185,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $245,000 | $185,000 | -24.5% | 0.1% |
| Midwest BankCentre | $460,000 | $185,000 | -59.8% | 0.1% |
| Toyota Financial Savings Bank | $185,000 | n/a | 0.1% | |
| TENNESSEE VALLEY | $180,000 | n/a | 0.1% | |
| ML Mortgage Corp. | $175,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $55,000 | $175,000 | 218.2% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $170,000 | $165,000 | -2.9% | 0.1% |
| JMAC LENDING, INC. | $165,000 | n/a | 0.1% | |
| Truist | $390,000 | $160,000 | -59.0% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $155,000 | n/a | 0.0% | |
| PNC Bank | $155,000 | n/a | 0.0% | |
| TENNESSEE TRUST MORTGAGE, INC | $215,000 | $155,000 | -27.9% | 0.0% |
| Bryant Bank | $145,000 | n/a | 0.0% | |
| Willamette Valley Bank | $145,000 | n/a | 0.0% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,315,000 | $135,000 | -89.7% | 0.0% |
| Republic Bank & Trust Company | $115,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $105,000 | n/a | 0.0% | |
| TOWER | $105,000 | n/a | 0.0% | |
| Wells Fargo Bank | $245,000 | $105,000 | -57.1% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $70,000 | n/a | 0.0% | |
| Discover Bank | $565,000 | $55,000 | -90.3% | 0.0% |
| Bethpage Federal Credit Union | $45,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $45,000 | n/a | 0.0% | |
| First Vision Bank of Tennessee | $2,445,000 | $45,000 | -98.2% | 0.0% |
| CU COMMUNITY, LLC | $25,000 | n/a | 0.0% | |
| First Farmers and Merchants Bank | $285,000 | $25,000 | -91.2% | 0.0% |
| SPRING EQ, LLC | $25,000 | n/a | 0.0% |
Shelbyville's top lender by overall market share is FIRST COMMUNITY MORTGAGE, INC., with 16.8% market share. In second place, with 7.3%, is QUICKEN LOANS, LLC, having originated $23,320,000 in loans. In third place, with 6.9%, is CMG MORTGAGE, INC., having originated $22,170,000 in loans. In fourth place, with 4.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $14,525,000 in loans. In fifth place, with 4.4%, is FirstBank, having originated $14,185,000 in loans.
Shelbyville, TN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 665 | $205,325,000 | $308,759 |
| Cash Out Refi | 216 | $45,490,000 | $210,602 |
| Refi | 162 | $51,090,000 | $315,370 |
| Other | 106 | $10,930,000 | $103,113 |
| Home Improvement | 72 | $7,440,000 | $103,333 |
Shelbyville's most frequently cited loan purpose was Home Purchase, with 665 originations. The 2nd most popular reason was Cash Out Refi, with 216 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 524 | $158,680,000 | $302,824 |
| Over 8% | 243 | $33,985,000 | $139,856 |
| 5-6% | 211 | $63,065,000 | $298,886 |
| 7-8% | 205 | $53,605,000 | $261,488 |
| 4-5% | 13 | $4,405,000 | $338,846 |
| <2.5% | 4 | $280,000 | $70,000 |
During 2024, Shelbyville's most frequently originated rate bucket was 6-7%, with 524 originations.
Loan Sizing (Shelbyville, TN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 623 | $180,425,000 | $289,607 |
| $100k-200k | 223 | $33,915,000 | $152,085 |
| $100,000 or less | 207 | $10,235,000 | $49,444 |
| $400k-600k | 122 | $58,000,000 | $475,410 |
| $600k-1000k | 41 | $28,615,000 | $697,927 |
| $Over $1MM | 5 | $9,085,000 | $1,817,000 |
Shelbyville's loan sizing saw the bucket of loans from $200k-400k with 623 originations, totaling $180,425,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 514 | $164,620,000 | $320,272 |
| 60-80% | 232 | $73,660,000 | $317,500 |
| Under 20% | 155 | $7,825,000 | $50,484 |
| 40-60% | 128 | $33,050,000 | $258,203 |
| 20-40% | 120 | $17,610,000 | $146,750 |
| Over 100% | 24 | $7,790,000 | $324,583 |
Shelbyville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 514 originations, totaling $164,620,000 in origination value.