Union City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Union City averaged
6.67%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
6.97% and
one month ago for the week of 2025-05-29, the
average rate was 6.69%.
Union City's average rate one year ago was 6.86%.
For refis of the same type during the week of 2025-07-03, the average rate
was 7.07%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Union City 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Union City 30 Year Fixed Rate Refi | 2025-07-03 | 7.07% |
| Union City 15 Year Fixed Rate | 2025-07-03 | 6% |
| Union City 15 Year Fixed Rate Refi | 2025-07-03 | 5.9% |
| Union City 30 Year FHA | 2025-07-03 | -0.2% |
| Union City 30 Year FHA Refi | 2025-07-03 | 0% |
| Union City 30 Year USDA | 2025-07-03 | 0.1% |
| Union City 30 Year USDA Refi | 2025-07-03 | -0.2% |
| Union City 30 Year VA | 2025-07-03 | -0.2% |
| Union City 30 Year VA Refi | 2025-07-03 | 0.2% |
Union City 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 Union City, 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 |
|---|---|---|---|
| Leaders Credit Union | 24 | 7.10% | $3,345 |
| First Citizens National Bank | 10 | 6.70% | $2,580 |
| QUICKEN LOANS, LLC | 10 | 6.58% | $6,320 |
| Regions Bank | 4 | 7.09% | $3,361 |
| UNITED WHOLESALE MORTGAGE, LLC | 3 | 6.46% | $6,710 |
| BancorpSouth | 2 | 6.81% | $3,254 |
| Simmons Bank | 2 | 7.88% | $3,428 |
| First Financial Bank | 1 | 7.00% | $6,236 |
| First National Bank of Pennsylvania | 1 | 6.75% | $4,139 |
| Flagstar Bank, FSB | 1 | 6.63% | $5,052 |
| JPMorgan Chase Bank | 1 | 6.00% | $2,762 |
| Farm Credit Mid-America, ACA | 1 | 7.00% | $3,929 |
| MUTUAL OF OMAHA MORTGAGE, INC. | 1 | 6.38% | $4,271 |
| NAVY FEDERAL CREDIT UNION | 1 | 5.25% | $8,395 |
| NexBank | 1 | 6.99% | $5,579 |
| PLAZA HOME MORTGAGE, INC. | 1 | 6.99% | $6,475 |
| Citizens Bank | 1 | 6.50% | $3,553 |
| Carrington Mortgage Services, LLC | 1 | 6.63% | $6,358 |
| U. T. | 1 | 6.63% | $5,388 |
| BROKER SOLUTIONS, INC. | 1 | 7.63% | $5,535 |
| U.S. Bank | 1 | 5.99% | $3,505 |
| FIRST COLONY MORTGAGE CORPORATION | 1 | 6.50% | $7,588 |
Union City Average Closing Costs & Other Stats
Union City, TN's 22 lenders originated 507
loans during 2024. The total origination value was $70,685,000, with an average loan value of
$139,418.
Union City's average closing costs are $4,376.
The top Union City lender as defined by loan originations is Leaders Credit Union, with
24 loans originated. Their average total fees are
$3,345, which is $765
higher than the next largest lender,
First Citizens National Bank.
The lowest fee Union City lenders (with over 10 loans originated) are
First Citizens National Bank ($2,580), Leaders Credit Union ($3,345), QUICKEN LOANS, LLC ($6,320), .
The lowest rate Union City lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.58%), First Citizens National Bank (6.70%), Leaders Credit Union (7.10%), .
Union City, 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 |
|---|---|---|---|---|
| Leaders Credit Union | $5,755,000 | $9,410,000 | 63.5% | 13.3% |
| First Citizens National Bank | $5,880,000 | $9,070,000 | 54.3% | 12.8% |
| Commercial Bank & Trust Co. | $9,180,000 | $7,490,000 | -18.4% | 10.6% |
| QUICKEN LOANS, LLC | $4,635,000 | $5,440,000 | 17.4% | 7.7% |
| ORIX REAL ESTATE CAPITAL, LLC | $2,845,000 | $4,085,000 | 43.6% | 5.8% |
| Regions Bank | $3,455,000 | $3,090,000 | -10.6% | 4.4% |
| Simmons Bank | $3,295,000 | $2,440,000 | -25.9% | 3.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $735,000 | $2,175,000 | 195.9% | 3.1% |
| FREEDOM MORTGAGE CORPORATION | $655,000 | $1,400,000 | 113.7% | 2.0% |
| 21ST MORTGAGE CORPORATION | $470,000 | $1,000,000 | 112.8% | 1.4% |
| FIRST COMMUNITY MORTGAGE, INC. | $2,015,000 | $970,000 | -51.9% | 1.4% |
| NAVY FEDERAL CREDIT UNION | $55,000 | $940,000 | 1,609.1% | 1.3% |
| Mortgage Research Center, LLC | $1,885,000 | $835,000 | -55.7% | 1.2% |
| McKenzie Banking Company | $170,000 | $670,000 | 294.1% | 0.9% |
| NEWREZ LLC | $85,000 | $635,000 | 647.1% | 0.9% |
| U. T. | $695,000 | $610,000 | -12.2% | 0.9% |
| MID AMERICA MORTGAGE, INC. | $145,000 | $535,000 | 269.0% | 0.8% |
| U.S. Bank | $245,000 | $535,000 | 118.4% | 0.8% |
| MORTGAGE INVESTORS GROUP, INC. | $880,000 | $485,000 | -44.9% | 0.7% |
| First Financial Bank | $890,000 | $465,000 | -47.8% | 0.7% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $910,000 | $460,000 | -49.5% | 0.7% |
| FIRST SOUTH FINANCIAL | $450,000 | n/a | 0.6% | |
| NEW DAY FINANCIAL, LLC | $260,000 | $430,000 | 65.4% | 0.6% |
| Equity Prime Mortgage LLC | $330,000 | $410,000 | 24.2% | 0.6% |
| BancorpSouth | $700,000 | $380,000 | -45.7% | 0.5% |
| Flagstar Bank, FSB | $380,000 | n/a | 0.5% | |
| Citizens Bank | $345,000 | n/a | 0.5% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $345,000 | n/a | 0.5% | |
| Mr. Cooper ( Nationstar Mortgage ) | $585,000 | $340,000 | -41.9% | 0.5% |
| Centennial Bank | $650,000 | $295,000 | -54.6% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $360,000 | $285,000 | -20.8% | 0.4% |
| GERSHMAN INVESTMENT CORP. | $285,000 | n/a | 0.4% | |
| Carroll Bank and Trust | $165,000 | $270,000 | 63.6% | 0.4% |
| First National Bank of Pennsylvania | $265,000 | n/a | 0.4% | |
| PLAZA HOME MORTGAGE, INC. | $255,000 | n/a | 0.4% | |
| BROKER SOLUTIONS, INC. | $85,000 | $250,000 | 194.1% | 0.4% |
| NexBank | $235,000 | n/a | 0.3% | |
| FIRST COLONY MORTGAGE CORPORATION | $225,000 | n/a | 0.3% | |
| LOANDEPOT.COM, LLC | $180,000 | $220,000 | 22.2% | 0.3% |
| DAS Acquisition Company, LLC | $215,000 | n/a | 0.3% | |
| VILLAGE CAPITAL MORTGAGE | $215,000 | n/a | 0.3% | |
| Magnolia Bank | $195,000 | n/a | 0.3% | |
| VAN DYK MORTGAGE CORPORATION | $195,000 | n/a | 0.3% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $185,000 | n/a | 0.3% | |
| Farm Credit Mid-America, ACA | $990,000 | $175,000 | -82.3% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $175,000 | $175,000 | 0.0% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $175,000 | n/a | 0.2% | |
| T2 FINANCIAL LLC | $175,000 | n/a | 0.2% | |
| TOP FLITE FINANCIAL, INC. | $175,000 | n/a | 0.2% | |
| ENDEAVOR CAPITAL, LLC. | $165,000 | n/a | 0.2% | |
| Northpointe Bank | $155,000 | $165,000 | 6.5% | 0.2% |
| MILEND, INC. | $615,000 | $145,000 | -76.4% | 0.2% |
| Bank of America | $140,000 | n/a | 0.2% | |
| SOUTHWEST FUNDING, LP | $140,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL NETWORK, INC. | $195,000 | $135,000 | -30.8% | 0.2% |
| JPMorgan Chase Bank | $75,000 | $135,000 | 80.0% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $200,000 | $135,000 | -32.5% | 0.2% |
| LEADERONE FINANCIAL CORPORATION | $110,000 | $125,000 | 13.6% | 0.2% |
| GUARANTEED RATE, INC. | $115,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $205,000 | $105,000 | -48.8% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $105,000 | n/a | 0.1% | |
| CROSSCOUNTRY MORTGAGE, LLC | $180,000 | $85,000 | -52.8% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $400,000 | $75,000 | -81.3% | 0.1% |
| BANK OF CROCKETT | $55,000 | n/a | 0.1% | |
| Bethpage Federal Credit Union | $45,000 | n/a | 0.1% | |
| FirstBank | $25,000 | $45,000 | 80.0% | 0.1% |
| Baxter Credit Union | $25,000 | n/a | 0.0% |
Union City's top lender by overall market share is Leaders Credit Union, with 13.3% market share. In second place, with 12.8%, is First Citizens National Bank, having originated $9,070,000 in loans. In third place, with 10.6%, is Commercial Bank & Trust Co., having originated $7,490,000 in loans. In fourth place, with 7.7%, is QUICKEN LOANS, LLC, having originated $5,440,000 in loans. In fifth place, with 5.8%, is ORIX REAL ESTATE CAPITAL, LLC, having originated $4,085,000 in loans.
Union City, TN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 239 | $42,045,000 | $175,921 |
| Refi | 89 | $12,455,000 | $139,944 |
| Home Improvement | 64 | $4,850,000 | $75,781 |
| Other | 64 | $4,220,000 | $65,938 |
| Cash Out Refi | 51 | $7,115,000 | $139,510 |
Union City's most frequently cited loan purpose was Home Purchase, with 239 originations. The 2nd most popular reason was Refi, with 89 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 169 | $31,465,000 | $186,183 |
| Over 8% | 85 | $6,615,000 | $77,824 |
| 7-8% | 65 | $8,775,000 | $135,000 |
| 5-6% | 33 | $6,295,000 | $190,758 |
| <2.5% | 8 | $40,000 | $5,000 |
| 3-4% | 1 | $55,000 | $55,000 |
During 2024, Union City's most frequently originated rate bucket was 6-7%, with 169 originations.
Loan Sizing (Union City, TN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 213 | $11,085,000 | $52,042 |
| $100k-200k | 200 | $28,710,000 | $143,550 |
| $200k-400k | 83 | $21,665,000 | $261,024 |
| $400k-600k | 9 | $4,235,000 | $470,556 |
| $600k-1000k | 1 | $905,000 | $905,000 |
| $Over $1MM | 1 | $4,085,000 | $4,085,000 |
Union City's loan sizing saw the bucket of loans from $100,000 or less with 213 originations, totaling $11,085,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 167 | $28,085,000 | $168,174 |
| 20-40% | 52 | $3,790,000 | $72,885 |
| 60-80% | 52 | $10,000,000 | $192,308 |
| Under 20% | 49 | $1,525,000 | $31,122 |
| 40-60% | 35 | $4,305,000 | $123,000 |
| Over 100% | 4 | $4,880,000 | $1,220,000 |
Union City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 167 originations, totaling $28,085,000 in origination value.