Tullahoma - Manchester Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Tullahoma - Manchester averaged 6.92% for the week of 2024-07-18, compared to the national average of 6.77% for the same period.

The average rate for the prior week (2024-07-11) was 6.84% and one month ago for the week of 2024-06-13, the average rate was 7.1%.

Tullahoma - Manchester's average rate one year ago was 7.01%.

For refis of the same type during the week of 2024-07-18, the average rate was 6.66%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-18 6.77%
Tullahoma - Manchester 30 Year Fixed Rate 2024-07-18 6.92%
Tullahoma - Manchester 30 Year Fixed Rate Refi 2024-07-18 6.66%
Tullahoma - Manchester 15 Year Fixed Rate 2024-07-18 5.85%
Tullahoma - Manchester 15 Year Fixed Rate Refi 2024-07-18 6.05%
Tullahoma - Manchester 30 Year FHA 2024-07-18 6.32%
Tullahoma - Manchester 30 Year FHA Refi 2024-07-18 6.59%
Tullahoma - Manchester 30 Year USDA 2024-07-18 6.16%
Tullahoma - Manchester 30 Year USDA Refi 2024-07-18 6.63%
Tullahoma - Manchester 30 Year VA 2024-07-18 6.28%
Tullahoma - Manchester 30 Year VA Refi 2024-07-18 6.1%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Tullahoma-Manchester, TN.

Tullahoma - Manchester 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 Tullahoma-Manchester, 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 81 6.85% $6,835
ASCEND FEDERAL CREDIT UNION 70 6.20% $2,940
First Vision Bank of Tennessee 58 6.56% $6,627
FIRST COMMUNITY MORTGAGE, INC. 46 6.91% $6,136
CMG MORTGAGE, INC. 37 6.42% $7,494
Citizens Tri-County Bank 28 6.79% $5,857
FirstBank 25 6.75% $5,028
UNITED WHOLESALE MORTGAGE, LLC 20 6.77% $7,178
BROKER SOLUTIONS, INC. 17 6.89% $8,296
SeaTrust Mortgage Company 16 6.99% $6,174
Farm Credit Mid-America, ACA 13 7.03% $7,929
Pinnacle Bank 13 6.49% $6,689
U.S. Bank 12 6.54% $4,565
SmartBank 11 7.14% $4,815
Regions Bank 11 6.43% $4,517
CapStar Bank 10 6.96% $3,756
SWBC MORTGAGE CORPORATION 10 6.98% $4,359
EVANSVILLE TEACHERS 9 7.04% $4,616
Legacy Home Loans, LLC 8 7.05% $5,146
MORTGAGE INVESTORS GROUP, INC. 8 6.41% $5,769
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.91% $5,907
REDSTONE Federal Credit Union 7 6.91% $3,665
Mr. Cooper ( Nationstar Mortgage ) 7 6.73% $7,483
HOMESIDE FINANCIAL, LLC 7 6.41% $7,439
PENNYMAC LOAN SERVICES, LLC 6 6.48% $7,245
Wilson Bank And Trust 6 6.94% $4,444
Bank of America 6 6.38% $6,108
Wells Fargo Bank 6 6.40% $5,959
CHURCHILL MORTGAGE CORPORATION 6 6.94% $7,464
Truist 6 6.97% $6,714
CROSSCOUNTRY MORTGAGE, LLC 5 6.96% $10,359
ACOPIA, LLC 5 7.03% $7,935
The First National Bank of Middle Tennessee 4 7.03% $7,213
First Farmers and Merchants Bank 4 5.34% $3,914
GUARANTY HOME MORTGAGE CORPORATION 4 6.94% $5,905
JPMorgan Chase Bank 4 7.03% $5,564
NAVY FEDERAL CREDIT UNION 4 6.59% $3,720
STOCKTON MORTGAGE CORPORATION 4 6.84% $5,786
Legends Bank 3 6.75% $5,179
UNION HOME MORTGAGE CORP. 3 7.63% $4,664
Citizens Bank of Lafayette 3 7.32% $2,297
Flagstar Bank, FSB 3 6.44% $5,708
The Federal Savings Bank 3 8.04% $7,336
GUARANTEED RATE, INC. 2 6.56% $7,505
FREEDOM MORTGAGE CORPORATION 2 6.69% $8,754
Magnolia Bank 2 7.00% $4,082
ISERVE RESIDENTIAL LENDING, LLC 2 7.25% $8,302
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.88% $7,994
Ameris Bank 2 6.44% $5,171
BancorpSouth 2 6.13% $11,563
AMCAP MORTGAGE, LTD. 2 6.50% $6,074
Renasant Bank 2 6.13% $7,163
Mortgage Research Center, LLC 2 7.13% $4,345
ROSS MORTGAGE CORPORATION 2 6.75% $6,360
Paramount Residential Mortgage Group, Inc. 2 7.06% $8,655
PENTAGON FEDERAL CREDIT UNION 2 6.38% $3,175
MOVEMENT MORTGAGE, LLC 2 5.81% $6,478
Arvest Bank 2 7.13% $4,347
F&M Bank 2 6.63% $5,055
ZILLOW HOME LOANS, LLC 2 5.94% $3,990
MUTUAL OF OMAHA MORTGAGE, INC. 2 7.12% $5,683
NEWREZ LLC 1 7.63% $4,769
NexBank 1 6.63% $14,727
Nicolet National Bank 1 6.88% $3,411
Northpointe Bank 1 6.99% $6,183
Northwest Federal Credit Union 1 6.25% $2,853
NP, Inc. 1 10.37% $12,047
Old National Bank 1 6.88% $2,086
BETTER MORTGAGE CORPORATION 1 5.00% $6,974
BAY EQUITY LLC 1 6.99% $3,044
PLANET HOME LENDING, LLC 1 6.38% $1,661
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.99% $1,974
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.13% $7,234
Prosperity Home Mortgage, LLC 1 7.99% $9,976
PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.13% $4,485
Baxter Credit Union 1 6.63% $3,799
RBC Bank, (Georgia) 1 5.75% $2,845
Bank of Tennessee 1 8.46% $5,196
RELIANCE FIRST CAPITAL, LLC 1 6.75% $7,475
Republic Bank & Trust Company 1 7.38% $4,307
ROYAL UNITED MORTGAGE LLC 1 7.50% $7,779
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.25% $7,372
Sierra Pacific Mortgage Company, Inc. 1 6.88% $12,830
Stifel Bank and Trust 1 7.13% $4,052
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.99% $3,899
T2 FINANCIAL LLC 1 7.13% $6,326
ARC HOME LLC 1 9.13% $9,993
The Huntington National Bank 1 8.13% $4,943
The Loan Store, Inc. 1 6.88% $2,479
Third Federal Savings and Loan Association of Cleveland 1 6.19% $3,823
TJC Mortgage, Inc. 1 6.13% $7,977
TOP FLITE FINANCIAL, INC. 1 6.50% $12,447
AmeriHome Mortgage Company, LLC 1 5.75% $7,045
USAA Federal Savings Bank 1 6.13% $5,582
Fifth Third Bank 1 6.50% $3,966
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.99% $11,471
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.13% $8,758
VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.50% $8,925
First National Bank of America 1 9.88% $6,710
First Horizon Bank 1 6.25% $3,387
First State Bank of St. Charles, Missouri 1 7.38% $4,151
FirstTrust Home Loans, Inc. 1 7.50% $3,011
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.75% $3,928
FLAT BRANCH MORTGAGE, INC. 1 7.75% $6,554
Gateway First Bank 1 6.13% $3,852
GMFS LLC 1 7.13% $6,834
Ally Bank 1 6.63% $7,119
HomePromise Corporation 1 7.75% $21,441
CORNERSTONE HOME LENDING, INC. 1 8.00% $17,685
I. H. MISSISSIPPI VALLEY CREDIT UNION 1 6.99% $3,032
INTERLINC MORTGAGE SERVICES, LLC 1 6.88% $1,183
WesBanco 1 5.63% $3,714
LAKEVIEW LOAN SERVICING, LLC 1 5.50% $11,047
LEADERONE FINANCIAL CORPORATION 1 7.63% $7,402
LOANDEPOT.COM, LLC 1 8.63% $5,367
LOANPAL, LLC 1 5.99% $10,256
MID AMERICA MORTGAGE, INC. 1 7.38% $4,657
MORTGAGE ACCESS CORP. 1 6.88% $10,673
CANOPY MORTGAGE, LLC 1 6.38% $17,876
CALIBER HOME LOANS, INC. 1 6.99% $6,822
NATIONS RELIABLE LENDING, LLC 1 6.88% $2,780
ALAMEDA MORTGAGE CORPORATION 1 8.13% $4,789

Tullahoma - Manchester Average Closing Costs & Other Stats

Tullahoma-Manchester, TN's 122 lenders originated 2,444 loans during 2023. The total origination value was $558,720,000, with an average loan value of $228,609.

Tullahoma - Manchester's average closing costs are $5,295.

The top Tullahoma - Manchester lender as defined by loan originations is QUICKEN LOANS, LLC, with 81 loans originated. Their average total fees are $6,835, which is $3,895 higher than the next largest lender, ASCEND FEDERAL CREDIT UNION.

The lowest fee Tullahoma - Manchester lenders (with over 10 loans originated) are ASCEND FEDERAL CREDIT UNION ($2,940), CapStar Bank ($3,756), SWBC MORTGAGE CORPORATION ($4,359), Regions Bank ($4,517) and U.S. Bank ($4,565).

The lowest rate Tullahoma - Manchester lenders (with over 10 loans originated) are ASCEND FEDERAL CREDIT UNION (6.20%), CMG MORTGAGE, INC. (6.42%), Regions Bank (6.43%), Pinnacle Bank (6.49%) and U.S. Bank (6.54%).

Tullahoma-Manchester, 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
QUICKEN LOANS, LLC $59,105,000 $45,515,000 -23.0% 8.1%
First Vision Bank of Tennessee $41,005,000 $42,310,000 3.2% 7.6%
FirstBank $42,130,000 $38,420,000 -8.8% 6.9%
ASCEND FEDERAL CREDIT UNION $45,900,000 $33,515,000 -27.0% 6.0%
FIRST COMMUNITY MORTGAGE, INC. $43,775,000 $27,470,000 -37.2% 4.9%
CMG MORTGAGE, INC. $19,740,000 $25,880,000 31.1% 4.6%
Citizens Tri-County Bank $27,155,000 $21,980,000 -19.1% 3.9%
UNITED WHOLESALE MORTGAGE, LLC $21,090,000 $17,955,000 -14.9% 3.2%
Mortgage Research Center, LLC $13,260,000 $14,280,000 7.7% 2.6%
SeaTrust Mortgage Company $2,120,000 $13,985,000 559.7% 2.5%
BROKER SOLUTIONS, INC. $14,080,000 $11,525,000 -18.1% 2.1%
Citizens Bank of Lafayette $17,305,000 $10,230,000 -40.9% 1.8%
Regions Bank $15,715,000 $9,570,000 -39.1% 1.7%
Pinnacle Bank $14,785,000 $9,520,000 -35.6% 1.7%
Farm Credit Mid-America, ACA $4,750,000 $8,605,000 81.2% 1.5%
EVANSVILLE TEACHERS $6,815,000 $8,530,000 25.2% 1.5%
SmartBank $6,325,000 $8,150,000 28.9% 1.5%
U.S. Bank $13,930,000 $7,235,000 -48.1% 1.3%
CapStar Bank $8,465,000 $5,780,000 -31.7% 1.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $7,765,000 $5,745,000 -26.0% 1.0%
NAVY FEDERAL CREDIT UNION $7,290,000 $5,735,000 -21.3% 1.0%
PENNYMAC LOAN SERVICES, LLC $10,900,000 $5,130,000 -52.9% 0.9%
Bank of America $3,210,000 $4,830,000 50.5% 0.9%
CROSSCOUNTRY MORTGAGE, LLC $4,085,000 $4,735,000 15.9% 0.8%
MORTGAGE INVESTORS GROUP, INC. $7,585,000 $4,600,000 -39.4% 0.8%
Renasant Bank $6,315,000 $4,400,000 -30.3% 0.8%
CHURCHILL MORTGAGE CORPORATION $4,690,000 $4,270,000 -9.0% 0.8%
ACOPIA, LLC $5,870,000 $4,105,000 -30.1% 0.7%
SWBC MORTGAGE CORPORATION $3,545,000 $4,090,000 15.4% 0.7%
The First National Bank of Middle Tennessee $10,160,000 $4,070,000 -59.9% 0.7%
Legacy Home Loans, LLC $5,765,000 $3,785,000 -34.3% 0.7%
ISERVE RESIDENTIAL LENDING, LLC $4,295,000 $3,680,000 -14.3% 0.7%
GUARANTEED RATE, INC. $3,370,000 $3,410,000 1.2% 0.6%
Truist $2,125,000 $3,410,000 60.5% 0.6%
REDSTONE Federal Credit Union $7,265,000 $3,405,000 -53.1% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $5,745,000 $3,400,000 -40.8% 0.6%
MOVEMENT MORTGAGE, LLC $2,030,000 $3,340,000 64.5% 0.6%
STOCKTON MORTGAGE CORPORATION $3,870,000 $3,255,000 -15.9% 0.6%
LOANDEPOT.COM, LLC $13,675,000 $3,190,000 -76.7% 0.6%
Wilson Bank And Trust $3,755,000 $3,030,000 -19.3% 0.5%
Wells Fargo Bank $4,260,000 $2,875,000 -32.5% 0.5%
F&M Bank $5,890,000 $2,855,000 -51.5% 0.5%
HOMESIDE FINANCIAL, LLC $2,040,000 $2,840,000 39.2% 0.5%
FREEDOM MORTGAGE CORPORATION $5,635,000 $2,740,000 -51.4% 0.5%
USAA Federal Savings Bank $2,145,000 $2,630,000 22.6% 0.5%
First Farmers and Merchants Bank $905,000 $2,500,000 176.2% 0.4%
MUTUAL OF OMAHA MORTGAGE, INC. $2,160,000 $2,435,000 12.7% 0.4%
NEW DAY FINANCIAL, LLC $1,625,000 $1,955,000 20.3% 0.3%
Legends Bank $2,410,000 $1,840,000 -23.7% 0.3%
JPMorgan Chase Bank $2,935,000 $1,735,000 -40.9% 0.3%
FirstTrust Home Loans, Inc. $1,700,000 n/a 0.3%
AMERISAVE MORTGAGE CORPORATION $6,795,000 $1,685,000 -75.2% 0.3%
Flagstar Bank, FSB $2,950,000 $1,685,000 -42.9% 0.3%
Mountain Valley Bank $2,505,000 $1,670,000 -33.3% 0.3%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $2,785,000 $1,625,000 -41.7% 0.3%
VILLAGE CAPITAL MORTGAGE $555,000 $1,580,000 184.7% 0.3%
GUARANTY HOME MORTGAGE CORPORATION $5,650,000 $1,575,000 -72.1% 0.3%
Paramount Residential Mortgage Group, Inc. $680,000 $1,565,000 130.1% 0.3%
21ST MORTGAGE CORPORATION $1,955,000 $1,525,000 -22.0% 0.3%
Volunteer State Bank $780,000 $1,500,000 92.3% 0.3%
CARDINAL FINANCIAL $3,055,000 $1,325,000 -56.6% 0.2%
NATIONS RELIABLE LENDING, LLC $355,000 $1,315,000 270.4% 0.2%
Southern Bank of Tennessee $1,180,000 n/a 0.2%
The Federal Savings Bank $790,000 $1,145,000 44.9% 0.2%
Heritage Bank & Trust $365,000 $1,120,000 206.8% 0.2%
Carrington Mortgage Services, LLC $2,005,000 $1,110,000 -44.6% 0.2%
PENTAGON FEDERAL CREDIT UNION $575,000 $1,060,000 84.3% 0.2%
Nicolet National Bank $1,045,000 n/a 0.2%
Fifth Third Bank $1,115,000 $1,030,000 -7.6% 0.2%
AMCAP MORTGAGE, LTD. $335,000 $1,015,000 203.0% 0.2%
Commerce Home Mortgage, Inc. $1,000,000 n/a 0.2%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $175,000 $995,000 468.6% 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $580,000 $980,000 69.0% 0.2%
NEWREZ LLC $3,100,000 $980,000 -68.4% 0.2%
First Horizon Bank $18,585,000 $965,000 -94.8% 0.2%
UNION HOME MORTGAGE CORP. $1,195,000 $955,000 -20.1% 0.2%
Prosperity Home Mortgage, LLC $935,000 n/a 0.2%
BancorpSouth $45,000 $920,000 1,944.4% 0.2%
LAKEVIEW LOAN SERVICING, LLC $2,480,000 $910,000 -63.3% 0.2%
TriStar Bank $925,000 $910,000 -1.6% 0.2%
NP, Inc. $355,000 $905,000 154.9% 0.2%
The Huntington National Bank $975,000 $880,000 -9.7% 0.2%
INTERLINC MORTGAGE SERVICES, LLC $1,225,000 $850,000 -30.6% 0.2%
Magnolia Bank $935,000 $850,000 -9.1% 0.2%
MILEND, INC. $325,000 $835,000 156.9% 0.1%
Discover Bank $810,000 $810,000 0.0% 0.1%
LEADERONE FINANCIAL CORPORATION $1,315,000 $805,000 -38.8% 0.1%
RELIANCE FIRST CAPITAL, LLC $1,245,000 $780,000 -37.3% 0.1%
First National Bank of Pulaski $1,650,000 $740,000 -55.2% 0.1%
MID AMERICA MORTGAGE, INC. $235,000 $730,000 210.6% 0.1%
Ameris Bank $2,720,000 $725,000 -73.3% 0.1%
Sierra Pacific Mortgage Company, Inc. $725,000 n/a 0.1%
CORNERSTONE HOME LENDING, INC. $685,000 n/a 0.1%
C & F Mortgage Corporation $675,000 n/a 0.1%
ROSS MORTGAGE CORPORATION $675,000 n/a 0.1%
HomePromise Corporation $660,000 n/a 0.1%
Franklin Loan Corporation $650,000 n/a 0.1%
NFM, INC. $245,000 $650,000 165.3% 0.1%
CANOPY MORTGAGE, LLC $645,000 n/a 0.1%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $640,000 n/a 0.1%
MEMBER FIRST MORTGAGE, LLC $635,000 n/a 0.1%
T2 FINANCIAL LLC $710,000 $635,000 -10.6% 0.1%
TJC Mortgage, Inc. $615,000 $630,000 2.4% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $600,000 $620,000 3.3% 0.1%
Mid-Continent Funding, Inc. $590,000 $615,000 4.2% 0.1%
FLAT BRANCH MORTGAGE, INC. $630,000 $595,000 -5.6% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $25,000 $595,000 2,280.0% 0.1%
GMFS LLC $195,000 $585,000 200.0% 0.1%
Citizens Bank $125,000 $575,000 360.0% 0.1%
Nations Lending Corporation $1,115,000 $575,000 -48.4% 0.1%
LOANPAL, LLC $260,000 $570,000 119.2% 0.1%
First United Bank and Trust Company $555,000 n/a 0.1%
PLANET HOME LENDING, LLC $890,000 $555,000 -37.6% 0.1%
Baxter Credit Union $550,000 n/a 0.1%
HomeTrust Bank $75,000 $545,000 626.7% 0.1%
Third Federal Savings and Loan Association of Cleveland $520,000 n/a 0.1%
Commercial Bank & Trust Co. $510,000 n/a 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $2,355,000 $495,000 -79.0% 0.1%
COMPASS MORTGAGE, INC. $425,000 $495,000 16.5% 0.1%
Leaders Credit Union $495,000 n/a 0.1%
Republic Bank & Trust Company $465,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $575,000 $465,000 -19.1% 0.1%
Equity Prime Mortgage LLC $195,000 $460,000 135.9% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $215,000 $450,000 109.3% 0.1%
RBC Bank, (Georgia) $435,000 n/a 0.1%
BETTER MORTGAGE CORPORATION $1,245,000 $420,000 -66.3% 0.1%
RESOURCE FINANCIAL SERVICES, INC. $415,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $175,000 $400,000 128.6% 0.1%
Cornerstone First Mortgage, Inc $375,000 n/a 0.1%
EUSTIS AND AMERICAN MORTGAGE COMPANY $255,000 $375,000 47.1% 0.1%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $365,000 n/a 0.1%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $365,000 n/a 0.1%
HERITAGE SOUTH COMMUNITY CU $1,285,000 $365,000 -71.6% 0.1%
PHH Mortgage Corporation $885,000 $355,000 -59.9% 0.1%
SUMMIT FUNDING, INC. $355,000 n/a 0.1%
BAY EQUITY LLC $155,000 $345,000 122.6% 0.1%
I. H. MISSISSIPPI VALLEY CREDIT UNION $335,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $195,000 $330,000 69.2% 0.1%
AXIA FINANCIAL, LLC $325,000 n/a 0.1%
CLEARPATH LENDING $630,000 $325,000 -48.4% 0.1%
MORTGAGE ACCESS CORP. $325,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $510,000 $305,000 -40.2% 0.1%
The Park National Bank $305,000 n/a 0.1%
Plains Commerce Bank $295,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $290,000 $290,000 0.0% 0.1%
First State Bank of St. Charles, Missouri $285,000 n/a 0.1%
NexBank $285,000 n/a 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $450,000 $285,000 -36.7% 0.1%
WesBanco $275,000 n/a 0.0%
Arvest Bank $105,000 $270,000 157.1% 0.0%
Gateway First Bank $265,000 n/a 0.0%
ALAMEDA MORTGAGE CORPORATION $255,000 n/a 0.0%
ENVOY MORTGAGE, LTD $255,000 n/a 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $1,255,000 $255,000 -79.7% 0.0%
M&T Bank $385,000 $255,000 -33.8% 0.0%
Traditions Bank $255,000 n/a 0.0%
Wyndham Capital Mortgage, Inc. $800,000 $255,000 -68.1% 0.0%
South State Bank $250,000 n/a 0.0%
Peoples Independent Bank $245,000 n/a 0.0%
Semper Home Loans, Inc. $245,000 n/a 0.0%
Synovus Bank $340,000 $245,000 -27.9% 0.0%
CALIBER HOME LOANS, INC. $2,665,000 $235,000 -91.2% 0.0%
RUOFF MORTGAGE COMPANY, INC. $155,000 $235,000 51.6% 0.0%
Deere Employees Credit Union $225,000 n/a 0.0%
GARDNER FINANCIAL SERVICES, LTD. $225,000 n/a 0.0%
Northwest Federal Credit Union $225,000 n/a 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $735,000 $225,000 -69.4% 0.0%
OCMBC, INC. $210,000 n/a 0.0%
CALCON MUTUAL MORTGAGE LLC $705,000 $205,000 -70.9% 0.0%
Morgan Stanley Private Bank $555,000 $205,000 -63.1% 0.0%
PNC Bank $1,865,000 $205,000 -89.0% 0.0%
THE MORTGAGE FIRM, INC. $595,000 $205,000 -65.5% 0.0%
Figure Lending LLC $340,000 $200,000 -41.2% 0.0%
ROYAL UNITED MORTGAGE LLC $885,000 $200,000 -77.4% 0.0%
Ally Bank $1,730,000 $195,000 -88.7% 0.0%
COMMUNITY MORTGAGE CORPORATION $730,000 $195,000 -73.3% 0.0%
FIRST SOUTH FINANCIAL $215,000 $195,000 -9.3% 0.0%
The Loan Store, Inc. $195,000 n/a 0.0%
TOWNE MORTGAGE COMPANY $195,000 n/a 0.0%
SPRING EQ, LLC $110,000 $190,000 72.7% 0.0%
ARC HOME LLC $185,000 n/a 0.0%
First National Bank of America $185,000 n/a 0.0%
Northpointe Bank $285,000 $185,000 -35.1% 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $555,000 $185,000 -66.7% 0.0%
Bank of England $2,255,000 $165,000 -92.7% 0.0%
Bank of Tennessee $165,000 n/a 0.0%
Citadel Servicing Corporation $650,000 $165,000 -74.6% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $155,000 n/a 0.0%
Century Mortgage Company DBA Century Lending Company $780,000 $155,000 -80.1% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,270,000 $155,000 -87.8% 0.0%
A&D Mortgage LLC $145,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $615,000 $135,000 -78.0% 0.0%
SouthEast Bank $135,000 n/a 0.0%
Old National Bank $125,000 n/a 0.0%
Stifel Bank and Trust $125,000 n/a 0.0%
Capital City Home Loans, LLC $115,000 n/a 0.0%
AMERICAN HERITAGE LENDING, INC. $95,000 n/a 0.0%
Connexus Credit Union $95,000 n/a 0.0%
TENNESSEE VALLEY $175,000 $95,000 -45.7% 0.0%
NORTHROP GRUMMAN Federal Credit Union $85,000 n/a 0.0%
Coastal Community Bank $80,000 n/a 0.0%
QUORUM FEDERAL CREDIT UNION $75,000 n/a 0.0%
United Community Bank $315,000 $75,000 -76.2% 0.0%
First Option Bank $65,000 n/a 0.0%
GUILD MORTGAGE COMPANY $400,000 $65,000 -83.8% 0.0%
CORNERSTONE FINANCIAL CREDIT UNION $185,000 $55,000 -70.3% 0.0%
ATLANTA POSTAL $45,000 n/a 0.0%
Citizens Bank $125,000 $45,000 -64.0% 0.0%
Fortera Federal Credit Union $285,000 $45,000 -84.2% 0.0%
COMMONWEALTH ONE FEDERAL CREDIT UNION $35,000 n/a 0.0%
THE TENNESSEE CREDIT UNION $35,000 n/a 0.0%
Tyndall Federal Credit Union $15,000 n/a 0.0%

Tullahoma - Manchester's top lender by overall market share is QUICKEN LOANS, LLC, with 8.1% market share. In second place, with 7.6%, is First Vision Bank of Tennessee, having originated $42,310,000 in loans. In third place, with 6.9%, is FirstBank, having originated $38,420,000 in loans. In fourth place, with 6.0%, is ASCEND FEDERAL CREDIT UNION, having originated $33,515,000 in loans. In fifth place, with 4.9%, is FIRST COMMUNITY MORTGAGE, INC., having originated $27,470,000 in loans.

Tullahoma-Manchester, TN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,327 $360,585,000 $271,729
Cash Out Refi 430 $80,440,000 $187,070
Other 286 $34,580,000 $120,909
Refi 233 $69,385,000 $297,790
Home Improvement 168 $13,730,000 $81,726

Tullahoma - Manchester's most frequently cited loan purpose was Home Purchase, with 1,327 originations. The 2nd most popular reason was Cash Out Refi, with 430 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 786 $214,790,000 $273,270
Over 8% 566 $76,280,000 $134,770
7-8% 544 $127,550,000 $234,467
5-6% 456 $115,240,000 $252,719
4-5% 31 $12,045,000 $388,548
<2.5% 12 $140,000 $11,667
3-4% 3 $1,435,000 $478,333
2.5-3% 2 $310,000 $155,000

During 2023, Tullahoma - Manchester's most frequently originated rate bucket was 6-7%, with 786 originations.

Loan Sizing (Tullahoma-Manchester, TN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 979 $272,085,000 $277,921
$100k-200k 648 $97,600,000 $150,617
$100,000 or less 549 $27,665,000 $50,392
$400k-600k 183 $85,625,000 $467,896
$600k-1000k 72 $53,310,000 $740,417
$Over $1MM 13 $22,435,000 $1,725,769

Tullahoma - Manchester's loan sizing saw the bucket of loans from $200k-400k with 979 originations, totaling $272,085,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 941 $273,385,000 $290,526
60-80% 488 $144,010,000 $295,102
Under 20% 334 $16,010,000 $47,934
20-40% 320 $37,520,000 $117,250
40-60% 281 $64,345,000 $228,986
Over 100% 32 $11,070,000 $345,938

Tullahoma - Manchester's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 941 originations, totaling $273,385,000 in origination value.