Safe Rate Rankings

Best FHA Mortgage Lenders in Tennessee

Updated June 4, 2026

Rankings are a starting point, not a verdict. Safe Rate recommends speaking with 2-3 lenders to find the right fit for your home loan!

⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
🛡️ No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
📊 HMDA 2024Built using publicly available originated loan data from the federal government.
🎯 Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.
Total Lenders361
Total Loans89,791
Median Rate Spread0.31%
Tennessee Market Insights
  • United Wholesale Mortgage is Safe Rate's top-ranked FHA lender in Tennessee, leading on pricing, pullthrough, FHA product expertise, and local knowledge.
  • There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Tennessee, Patriot Bank and Pennymac Loan Services scores highest on FHA pricing while Vanderbilt Mortgage and Finance and Rocket Mortgage leads on likelihood to close. That is why we encourage speaking with multiple lenders.
  • United Wholesale Mortgage (UWM) ranks #1 in Tennessee, serving as the platform behind many independent local brokers who live and work in the community. A local broker knows the neighborhoods, the local market, and is personally invested in your outcome. Real estate agents often prefer referring local brokers for their accessibility and responsiveness, qualities that matter when a deal is moving fast. Pricing and experience can vary by broker.
  • Popular names in Tennessee: Rocket Mortgage (#4) and Mortgage Investors Group (#2).

Explore Rankings by Type

Overall Rankings

All lenders in Tennessee

Need rankings for a different loan product?

Shopping for a mortgage? Click the heart icon to save lenders to My Home and make comparison painless.

RankLenderOverallPricingProductPull ThroughPlaceAvg FeesRate Spread# of LoansAction
1
UNITED WHOLESALE MORTGAGE, LLC
Independent Mortgage CompanyWholesale
Exceptional
Sound*
Exceptional
Exceptional
Exceptional
$3,239Fees
0.043%Above
5,664
2
MORTGAGE INVESTORS GROUP, INC.
Independent Mortgage CompanyDirect
Exceptional
Sound
Exceptional
Strong
Exceptional
$2,627Fees
0.221%Above
3,320
3
Patriot Bank
BankDirect
Exceptional
Exceptional
Strong
Strong
Exceptional
$1,307Fees
0.022%Below
400
4
ROCKET MORTGAGE, LLC
Independent Mortgage CompanyDirect & Wholesale
Strong
Acceptable*
Exceptional
Exceptional
Exceptional
$4,302Fees
0.298%Above
7,212
5
FirstBank
BankDirect
Strong
Sound
Exceptional
Strong
Exceptional
$2,165Fees
0.231%Above
1,926
6
PENNYMAC LOAN SERVICES, LLC
Independent Mortgage CompanyDirect & Wholesale
Strong
Strong*
Exceptional
Sound
Exceptional
$2,631Fees
0.067%Below
1,245
7
VANDERBILT MORTGAGE AND FINANCE, INC.
Independent Mortgage CompanyDirect
Strong
Sound
Exceptional
Exceptional
Strong
$2,838Fees
0.092%Above
579
8
ARK-LA-TEX FINANCIAL SERVICES, LLC.
Independent Mortgage CompanyDirect & Wholesale
Strong
Strong*
Exceptional
Strong
Strong
$2,259Fees
0.321%Above
559
9
Liberty
Credit UnionDirect
Strong
Strong
Exceptional
Strong
Strong
$1,881Fees
0.526%Above
286
10
LOANDEPOT.COM, LLC
Independent Mortgage CompanyDirect & Wholesale
Strong
Sound*
Exceptional
Strong
Exceptional
$2,697Fees
0.045%Above
1,377
11
Pinnacle Bank
BankDirect
Strong
Strong
Strong
Strong
Exceptional
$2,351Fees
0.075%Above
1,277
12
COMMUNITY MORTGAGE CORPORATION
Independent Mortgage CompanyDirect
Strong
Sound
Strong
Exceptional
Exceptional
$2,874Fees
0.231%Above
891
13
Cadence Bank
BankDirect
Strong
Strong
Exceptional
Strong
Exceptional
$2,254Fees
0.049%Above
681
14
CMG MORTGAGE, INC.
Independent Mortgage CompanyDirect
Strong
Acceptable
Exceptional
Strong
Exceptional
$3,492Fees
0.344%Above
3,095
15
Legacy Home Loans, LLC
Independent Mortgage CompanyDirect
Strong
Strong
Strong
Strong
Exceptional
$1,996Fees
0.144%Above
1,242
16
FREEDOM MORTGAGE CORPORATION
Independent Mortgage CompanyDirect & Wholesale
Strong
Strong*
Exceptional
Strong
Strong
$3,314Fees
0.322%Above
945
17
Old National Bank
BankDirect
Strong
Exceptional
Strong
Sound
Strong
$1,189Fees
0.075%Above
466
18
FIRST COMMUNITY MORTGAGE, INC.
Independent Mortgage CompanyDirect & Wholesale
Strong
Acceptable*
Exceptional
Exceptional
Exceptional
$3,431Fees
0.321%Above
2,186
19
RELIANCE FIRST CAPITAL, LLC
Independent Mortgage CompanyDirect
Strong
Exceptional
Exceptional
Strong
292
20
INTERLINC MORTGAGE SERVICES, LLC
Independent Mortgage CompanyDirect
Strong
Strong
Exceptional
Strong
Strong
$2,842Fees
0.275%Above
197
21
MOVEMENT MORTGAGE, LLC
Independent Mortgage CompanyDirect
Strong
Acceptable
Exceptional
Strong
Exceptional
$2,986Fees
0.291%Above
2,263
22
Regions Bank
BankDirect
Strong
Sound
Exceptional
Sound
Exceptional
$1,655Fees
0.392%Above
1,429
23
Leaders Credit Union
Credit UnionDirect
Strong
Sound
Strong
Strong
Exceptional
$1,074Fees
0.308%Above
727
24
SWBC MORTGAGE CORPORATION
Independent Mortgage CompanyDirect
Strong
Sound
Exceptional
Exceptional
Exceptional
$2,203Fees
0.237%Above
646
25
Renasant Bank
BankDirect & Wholesale
Strong
Sound*
Exceptional
Strong
Strong
$2,823Fees
0.185%Above
516
26
Flagstar Bank, N.A.
BankDirect & Wholesale
Strong
Sound*
Exceptional
Strong
Strong
$2,566Fees
0.301%Above
349
27
Legends Bank
BankDirect
Strong
Strong
Strong
Exceptional
Exceptional
$2,687Fees
0.107%Above
342
28
U.S. Bank National Association
BankDirect
Strong
Strong
Exceptional
Sound
Strong
$1,405Fees
0.145%Above
803
29
Ameris Bank
BankDirect
Strong
Sound
Exceptional
Strong
Strong
$2,263Fees
0.270%Above
391
30
The First National Bank of Middle Tennessee
BankDirect
Strong
Strong
Strong
Strong
Exceptional
$2,553Fees
0.193%Above
371
31
Simmons Bank
BankDirect
Strong
Strong
Strong
Strong
Strong
$1,688Fees
0.539%Above
297
32
INSPIRE HOME LOANS INC.
Independent Mortgage CompanyDirect
Strong
Sound
Exceptional
Strong
Strong
$3,981Fees
0.414%Above
226
33
FIRST COLONY MORTGAGE CORPORATION
Independent Mortgage CompanyDirect & Wholesale
Strong
Sound*
Exceptional
Strong
Strong
$2,864Fees
0.278%Above
195
34
Truist Bank
BankDirect
Strong
Strong
Strong
Sound
Strong
$1,080Fees
0.138%Above
510
35
GUARANTEED RATE, INC.
Independent Mortgage CompanyDirect
Strong
Acceptable
Exceptional
Strong
Exceptional
$2,893Fees
0.189%Above
1,333
36
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
Independent Mortgage CompanyDirect
Strong
Acceptable
Exceptional
Exceptional
Exceptional
$3,843Fees
0.393%Above
1,245
37
First Horizon Bank
BankDirect
Strong
Strong
Strong
Strong
Exceptional
$1,604Fees
0.088%Above
891
38
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP
Independent Mortgage CompanyDirect & Wholesale
Strong
Acceptable*
Exceptional
Strong
Strong
$4,481Fees
0.492%Above
418
39
Fifth Third Bank, National Association
BankDirect
Strong
Strong
Exceptional
Sound
Strong
$955Fees
0.103%Above
256
40
Primis Mortgage Company
Independent Mortgage CompanyDirect
Strong
Sound
Strong
Strong
Exceptional
$3,470Fees
0.345%Above
649
41
NEWREZ LLC
Independent Mortgage CompanyDirect & Wholesale
Strong
Sound*
Exceptional
Sound
Strong
$2,587Fees
0.304%Above
624
42
First Citizens National Bank
BankDirect
Strong
Exceptional
Sound
Sound
Exceptional
$1,042Fees
0.024%Below
291
43
Bank of Tennessee
BankDirect
Strong
Strong
Strong
Strong
Strong
$2,655Fees
0.235%Above
236
44
UNION HOME MORTGAGE CORP.
Independent Mortgage CompanyDirect & Wholesale
Strong
Acceptable*
Exceptional
Exceptional
Strong
$3,707Fees
0.384%Above
855
45
GUILD MORTGAGE COMPANY LLC
Independent Mortgage CompanyDirect
Strong
Acceptable
Exceptional
Strong
Strong
$3,612Fees
0.434%Above
308
46
THE LOAN STORE, INC.
Independent Mortgage CompanyWholesale
Strong
Sound*
Exceptional
Strong
Strong
$2,358Fees
0.279%Above
261
47
GoodLeap, LLC
Independent Mortgage CompanyDirect
Strong
Strong
Exceptional
Sound
Strong
$3,829Fees
0.195%Above
215
48
Citizens Bank, National Association
BankDirect
Strong
Strong
Strong
Sound
Strong
$143Fees
0.108%Above
209
49
SmartBank
BankDirect
Strong
Exceptional
Sound
Sound
Strong
$1,241Fees
0.194%Above
245
50
CROSSCOUNTRY MORTGAGE, LLC
Independent Mortgage CompanyDirect
Strong
Mediocre
Exceptional
Strong
Exceptional
$4,468Fees
0.584%Above
1,205

Frequently Asked Questions

How are mortgage lenders ranked in Tennessee?+

Safe Rate ranks lenders using the 4 Ps framework, derived entirely from HMDA (Home Mortgage Disclosure Act) data: Pricing (how competitively a lender prices loans vs. the market benchmark), Pullthrough (how effectively a lender closes applications), Place (the lender's depth of expertise in Tennessee), and Product (performance on specific loan types). Each lender receives a composite Safe Rate Score from 0–100. No lender pays to appear in the rankings.

What is the Safe Rate Score?+

The Safe Rate Score is a 0–100 composite index measuring a lender's performance across Pricing, Pullthrough, Place, and Product. Scores of 80 or above earn Champion status; scores of 60–79 earn Superstar status. All scores are calculated from verified HMDA data — no lender can pay to improve their position.

How many mortgage lenders are active in Tennessee?+

Based on 2024 HMDA data, 361 lenders originated a combined 89,791 loans in Tennessee. Safe Rate's rankings evaluate all of them — not just a curated shortlist.

What does the rate spread tell me about a lender in Tennessee?+

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in Tennessee is 0.31%. Lenders in Safe Rate's top rankings consistently price below this median, meaning borrowers typically pay less interest over the life of their loan.

What is HMDA data and why does Safe Rate use it?+

HMDA (Home Mortgage Disclosure Act) is a federal law requiring every mortgage lender to disclose every loan application annually — including rates, amounts, approvals, and denials. Safe Rate uses HMDA because it is government-verified, covers all lenders equally, and cannot be gamed. It is the most objective foundation available for lender rankings.

Does Safe Rate accept payment from lenders to appear in rankings?+

No. Safe Rate rankings are strictly data-driven. No lender can pay to appear in or improve their position in Safe Rate's rankings. The only factor that determines a lender's rank is their verified HMDA performance data.

What is the difference between a bank, credit union, and independent mortgage company?+

Banks and credit unions offer mortgages alongside checking, savings, and other products. Independent Mortgage Companies (IMCs) focus exclusively on originating loans and often offer more product variety and speed. In Tennessee's rankings, all three institution types are evaluated on the same HMDA performance metrics.

How We Rank Lenders

Our rankings use a weighted average of scores across equally-weighted categories to evaluate lenders on a linear, raw performance scale.

Our Point System (Max 40 Points)

10
Pricing
Rate and fee competitiveness (25%)
10
Pull Through
Reliability in closing loans (25%)
10
Product
Specialization in the loan type (25%)
10
Place
Local market expertise (25%)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

⚖️ Licensing & Disclosures

Lender rankings and market statistics are created by Dylan Hall, licensed mortgage loan officer (NMLS #1658740). Safe Rate is a mortgage technology platform; mortgage lending services are provided by PartnerOwn LLC dba Safe Rate Mortgage, a licensed mortgage broker and lender (NMLS #1590949). Safe Rate Mortgage is a lending partner of some of the lenders ranked on this page, and Safe Rate Inc. has software or service customers on this list; however, all rankings are calculated using objective, public Home Mortgage Disclosure Act (HMDA) datasets, completely independent of any corporate partnerships, client relationships, or compensation.