Compare Mortgage Rates

  • Refinance
  • Home Purchase
  • Home Equity
  • Debt Consolidation

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Include 1st & 2nd mortgages plus any equity loans or credit lines
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Tennessee Mortgages at a glance

Average 25th Percentile 50th Percentile 75th Percentile
Loan Amount $165,883 $102,500 $137,500 $187,500
Property Values $225,165 $122,500 $182,500 $255,000
Average LTV 79.6%
Percent Refinance 77.2%
Pct of Refis Cashout 11.3%

Tennessee Mortgage Rates

Are you looking for the lowest rate mortgage in Tennessee? Getting the best rate on your mortgage or mortgage refinance is easiest if you're willing to do a little legwork. You'll have to find lenders, review rates, and feel comfortable evaluating your choices. These choices will fall into the general categories of fixed-rate mortgages, adjustable-rate mortgages, home equity loans, and home equity lines of credit. Drilling down further, there are many variations within these categories.

The resources available at MortgageLoan.com can help you understand the options, refine your objectives, and find a suitable Tennessee lender. You can start by browsing advertised rates by loan type. If you aren't familiar with how the various loan types function, experiment with our mortgage loan calculators. Then, take some time to consider your objective: Is it the best interest rate or perhaps the lowest possible payment? Or maybe you're most concerned about low overall interest expenses and rapid pay-off. Once you're ready, you can find reputable Tennessee lenders and brokers in our broker directory.

Amerisave

4.070%APR

Rates as of: 8/29/2014 30 Yr. Fixed
  • Direct Mortgage Lender
  • Billions Funded
  • Apply Online. Quick approvals.
Show Phone number

Call Now: 866-814-2162

Rate APR Term Point Payment
  • 3.875%
  • 4.125%
  • 4.250%
  • 4.070%
  • 4.241%
  • 4.283%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 2.000%
  • 1.000%
  • 0.000%
  • $964
  • $994
  • $1,008

Capital One

4.225%APR

Rates as of: 8/29/2014 30 Yr. Fixed
  • Saving just makes sense. Get $1000 Off Closing Costs.
  • Get a customized quote in minutes.
  • Free 60-day rate lock and no application fee
Show Phone number

Call Now: 855-238-8771

Rate APR Term Point Payment
  • 4.000%
  • 4.125%
  • 4.250%
  • 4.225%
  • 4.269%
  • 4.312%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 2.000%
  • 1.000%
  • 0.000%
  • $979
  • $994
  • $1,008

Discover

4.078%APR

Rates as of: 8/29/2014 30 Yr. Fixed
  • Competitive rates and no hidden fees
  • One dedicated mortgage banker from first call to closing
  • Simple, straightforward process
Show Phone number

Call Now: 855-882-9568

Rate APR Term Point Payment
  • 3.875%
  • 4.000%
  • 3.990%
  • 4.125%
  • 4.250%
  • 4.375%
  • 4.078%
  • 4.164%
  • 4.123%
  • 4.176%
  • 4.238%
  • 4.331%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 2.000%
  • 1.500%
  • 1.125%
  • 0.125%
  • -0.625%
  • -1.000%
  • $964
  • $979
  • $978
  • $994
  • $1,008
  • $1,024

Quicken Loans

3.928%APR

Rates as of: 8/29/2014 30 Yr. Fixed
  • We close our loans FAST - many in 30 days or less!
  • Rates are still historically low! Lock in a low rate and payment today.
  • Why pay more for your home than you have to? Check out rates now.
Show Phone number

Call Now: 800-695-1899

Rate APR Term Point Payment
  • 4.125%
  • 3.750%
  • 4.250%
  • 3.990%
  • 4.375%
  • 4.375%
  • 4.328%
  • 3.928%
  • 4.381%
  • 4.158%
  • 4.457%
  • 4.455%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 1.625%
  • 1.375%
  • 0.750%
  • 0.000%
  • 0.000%
  • 0.000%
  • $994
  • $949
  • $1,008
  • $978
  • $1,024
  • $1,024
See more rates

The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes. More Info.. These quotes are from banks, thrifts and brokers who have paid for a link to their website in the listings above and you can find additional information about their loan programs on their websites.

Rate Map for Tennessee

Our Tennessee Rate Map shows the mortgage rates borrowers have been getting in different parts of the state. Each “balloon” represents a single mortgage loan where the borrower has chosen to discretely share their loan information.

Clicking on individual markers lets you see the mortgage rates other Tennessee borrowers have been able to get with different credit scores, loan-to-value ratios, loan amounts and other factors. The list of options at left can be used to narrow down your choices.

Like to join in? If you recently obtained or refinanced a mortgage and would like to share your rate information anonymously, just click on “Share Your Rate” above the map and fill out the boxes indicated. Your fellow borrowers will appreciate it!

NOTE: MortgageLoan.com cannot guarantee the accuracy of the data provided as it is submitted by our visitors.

Mortgage Loan Types

  • Fixed-rate mortgages have a set interest rate, set payment amount, and set maturity date.

  • Adjustable-rate mortgages start with a low monthly payment, but are subject to rate increases over time.

  • Second mortgages include home equity loans and home equity lines of credit (HELOCs). Home equity loans have fixed interest, while HELOCs carry an adjustable interest rate.

Refinancing

If you have a mortgage loan that no longer suits your needs, you can make a change with a mortgage refinance. Common reasons for refinancing include:
  • Lowering your monthly payment

  • Cashing out to raise money for a remodeling project

  • Consolidating higher cost debt

    You can lower your monthly payment in two ways. The best option is to refinance with a lower rate mortgage. If this isn't possible, consider refinancing into a longer term loan. To cash out or consolidate debt, you must have a sufficient level of equity in the home. Equity is generated when your home's value increases, or when your mortgage debt balance decreases.

Comparison Shopping

Follow these steps to comparison shop for Tennessee mortgages:

  1. Review/compare market rates
  2. Browse Tennessee lenders and brokers
  3. Calculate payments and amortization tables for different loan types
  4. Contact lenders and brokers to request quotes

There are two more pointers to remember while researching and evaluating your options. First, use advertised loan rates as guidelines only. Usually, only the most qualified borrowers are offered these rates. If you aren't sure how your credit background will affect the rate, browse loan rates by credit profile here. Secondly, remember to compare your options based on written statements of terms, not by a lender's verbal assurances. You'll receive a written description of terms after you submit your loan application. Here's what it comes down to: Tennessee may be the volunteer state, but it's also a great place to buy and finance your dream home.