Best Tennessee Mortgage Lenders September 2023
Are you planning to buy a house in Tennessee? We are here to help you select the best Tennessee mortgage lenders. As per the U.S. Census Bureau Survey, Tennessee has about 3 million house units and a 66.5% homeownership rate. The median housing price in Tennessee is $231,682 and the national median housing price is $329,000.
As a mortgage borrower, there are things to consider before selecting a mortgage lender;
- Check your finances
- Determine your budget
- Know your mortgage options
- Compare rates and terms from many lenders
- Have an approval for mortgage
- Read the print well
Check down the list of the best Tennessee mortgage lenders;
Best Tennessee Mortgage Lenders September 2023
1.Homefinity;- Homefinity has a minimum down payment of 3% and a minimum credit score which is not disclosed to the public.
2.Caliber Home Loans;- Caliber home loans have a minimum down payment of 3% and a minimum credit score of 620.
3.Carrington Mortgage;– Carrington Mortgage has a minimum down payment of 3% and a minimum credit score of 620.
4.PenFed Credit Union;– PenFed Credit Union has a minimum down payment of 0% for Veterans Affairs loan and a minimum credit score of 620.
5.Truist Bank;– Truist Bank has a minimum down payment of 3% and minimum credit score which is not disclosed to the public.
6.Chase;– Chase has a minimum down payment of 3% and minimum credit score which is not disclosed to the public.
7.Lower.com ;- Lower.com has a minimum down payment of 3% and a minimum credit score of 620.
8.AmeriSave;- AmeriSave has a minimum down payment of 3% and a minimum credit score of 620.
9.Simmons Bank;- Simmons Bank has a minimum down payment of 5% and a minimum credit score which is not disclosed.
10.Veterans United Home Loan;– Veterans United Home Loan has a minimum down payment of 3% and a minimum credit score of 620.
Review of the best Tennessee mortgage lenders September 2023
1.Homefinity – Best for online application and Approval
2.Caliber Home Loans – Best for online service
3.Carrington Mortgage – Best for borrowers with bad credit
4.PenFe d Credit Union – Best for lender credit and no lender fee
5.Truist Bank – Best for client relations
6.Chase – Best for low costs
7.Lower.com – best for borrowers who prefer digital home lending
8.AmeriSave – Best for mortgage variety
9.Simmons Bank – Best for online prequalification
10.Veterans United Home Loan – Best for Veterans Affairs loans
- The mortgage rate in Tennessee is 2.92% on average for a 30-year fixed rate. Home interest rates range from 2.38% to 4% in Tennessee.
Other Best Tennessee Mortgage Lenders September 2023
- PNC – best for low down payment
- PrimeLending – best for digital customer care
- Real Genius – best for online application
- New American Funding – best for low APR
- Guild Mortgage – best for product selection
- Sofi – best for online service
- CMG Financial – best for first-time borrowers who want to crowd-fund their down payment.
- Freedom Mortgage – best for product availability
- LoanDepot – best for a digital-first mortgage
- Alliant Credit Union – best for no down payment
You Can Also Read;https://pradohub.com/best-south-dakota-mortgage-lenders/
You Can Also Read;https://pradohub.com/best-south-carolina-mortgage-lenders/
