Who has the best mortgage rates in Tennessee?
I’m looking for a primary, single-family home in for , and credit score.
Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George Robinson TrueRate Data ScientistLenders with low rates in TN
TrueRate analyzed the rates lenders actually gave to buyers for the last three years and found only a few lenders likely to get you a good deal.
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Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George Robinson TrueRate Data ScientistLenders in TN likely to have high rates
We don’t accept advertising, so you can get the real lender story. TrueRate looked at 78 lenders and found that these lenders are likely to offer you a high rate.
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Insights
Whether a lender has high margins or is simply inefficient and passing their costs on to you, the result is the same—you’ll likely end up paying more for your home. Our data shows that if you choose these lenders you will likely regret it.
George Robinson TrueRate Data ScientistLenders with average rates in TN
You deserve better than what these lenders historically provide.
Sorry, no lenders were found.
Methodology
We believe in transparency. Here’s how we crunched the numbers.
Based on lender data from 2023 with at least 10 loans similar to yours with 0 points for a 30-year fixed mortgage.
Don’t let lenders pull a fast one on you
Learn how really low rates often come with hidden fees. Drag the slider to see how rates and fees are connected.
Insights
Insights by James McTernan Tomo Mortgage Loan Advisor - NMLS #337556TrueRate report
See how mortgage companies got home buyers to over-pay by billions.
Get the reportMethodology
We believe in transparency. Here’s how we crunched the numbers.
Based on lender data from 2023 with at least 10 loans similar to yours with 0 points for a 30-year fixed mortgage.
Tennessee is turning up the heat for homebuyers
If you’ve been considering purchasing a home in Tennessee, now is an ideal time to take the plunge without straining your budget.
Nashville, of course, is the state’s crown jewel, renowned for its iconic music scene, delicious BBQ, and vibrant nightlife. Neighborhoods like East Nashville and Germantown are where you’ll find a mix of historic charm and modern appeal. Despite the city’s popularity, there are still some surprisingly affordable homes available, especially if you’re willing to explore beyond the typical hotspots.
However, Tennessee offers much more than just the excitement of Music City. Memphis is another standout, known for its rich cultural heritage, blues music, and, of course, its barbecue. Neighborhoods like Cooper-Young and Midtown offer a relaxed, community-oriented vibe, with a blend of historic properties and contemporary spaces.
Don’t overlook Knoxville and Chattanooga either! These growing cities offer a combination of outdoor adventures and a welcoming, laid-back atmosphere. While they may not have the same high profile as Nashville or Memphis, they present fantastic opportunities for those seeking more affordable housing without the hustle and bustle of larger cities.
For first-time buyers, Tennessee offers various assistance programs to help with down payments and closing costs, making homeownership more accessible.
With improving interest rates and a balance of urban energy and Southern charm, Tennessee is certainly worth considering for your next home. Whether you’re drawn to Nashville’s melodies or Memphis’s soulful heritage, the Volunteer State has a lot to offer.