Safe Rate Rankings

Best Conventional Mortgage Bank Lenders in Tennessee

Updated June 3, 2026

⚖️ 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.

Market

Total Lenders361

Total Loans89,791

Median Rate Spread0.31%

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	Old National BankBank	Exceptional	Exceptional	Exceptional	Strong	Strong	$1,189Fees	0.075%Above	466
2	Patriot BankBank	Exceptional	Exceptional	Strong	Strong	Exceptional	$1,307Fees	0.022%Below	400
3	U.S. Bank National AssociationBank	Exceptional	Strong	Exceptional	Strong	Strong	$1,405Fees	0.145%Above	803
4	Truist BankBank	Exceptional	Strong	Exceptional	Strong	Strong	$1,080Fees	0.138%Above	510
5	Bank of America, National AssociationBank	Exceptional	Strong	Exceptional	Strong	Strong	$1,896Fees	0.081%Below	405
6	First Citizens National BankBank	Exceptional	Strong	Strong	Strong	Exceptional	$1,042Fees	0.024%Below	291
7	FirstBankBank	Exceptional	Sound	Exceptional	Strong	Exceptional	$2,165Fees	0.231%Above	1,926
8	First Horizon BankBank	Exceptional	Sound	Exceptional	Strong	Exceptional	$1,604Fees	0.088%Above	891
9	Cadence BankBank	Exceptional	Sound	Exceptional	Strong	Exceptional	$2,254Fees	0.049%Above	681
10	Wells Fargo Bank, National AssociationBank	Exceptional	Strong	Exceptional	Sound	Strong	$2,279Fees	0.081%Above	449
11	Fifth Third Bank, National AssociationBank	Exceptional	Strong	Exceptional	Sound	Strong	$955Fees	0.103%Above	256
12	Citizens Bank, National AssociationBank	Exceptional	Strong	Exceptional	Sound	Strong	$143Fees	0.108%Above	209
13	Pinnacle BankBank	Strong	Sound	Strong	Strong	Exceptional	$2,351Fees	0.075%Above	1,277
14	JPMorgan Chase Bank, National AssociationBank	Strong	Sound	Exceptional	Strong	Strong	$1,968Fees	0.042%Above	970
15	Ameris BankBank	Strong	Sound	Exceptional	Strong	Strong	$2,263Fees	0.270%Above	391
16	Regions BankBank	Strong	Acceptable	Exceptional	Strong	Exceptional	$1,655Fees	0.392%Above	1,429
17	Renasant BankBank	Strong	Acceptable	Exceptional	Strong	Strong	$2,823Fees	0.185%Above	516
18	Home Federal Bank of TennesseeBank	Strong	Acceptable	Strong	Strong	Exceptional	$3,817Fees	0.364%Below	367
19	Flagstar Bank, N.A.Bank	Strong	Acceptable	Exceptional	Strong	Strong	$2,566Fees	0.301%Above	349
20	United Community BankBank	Strong	Acceptable	Exceptional	Strong	Strong	$2,082Fees	0.398%Above	264
21	USAA Federal Savings BankBank	Strong	Sound	Strong	Acceptable	Strong	$1,928Fees	0.171%Below	381
22	Legends BankBank	Strong	Acceptable	Sound	Strong	Exceptional	$2,687Fees	0.107%Above	342
23	SmartBankBank	Strong	Sound	Sound	Sound	Strong	$1,241Fees	0.194%Above	245
24	The First National Bank of Middle TennesseeBank	Strong	Acceptable	Sound	Sound	Exceptional	$2,553Fees	0.193%Above	371
25	Simmons BankBank	Strong	Acceptable	Strong	Sound	Strong	$1,688Fees	0.539%Above	297
26	Ixonia BankBank	Strong	Mediocre	Exceptional	Strong	Strong	$4,167Fees	0.640%Above	269
27	WILSON BANK AND TRUSTBank	Sound	Mediocre	Strong	Sound	Exceptional	$1,975Fees	0.298%Above	560
28	Bank of TennesseeBank	Sound	Acceptable	Sound	Sound	Strong	$2,655Fees	0.235%Above	236
29	Citizens Tri-County BankBank	Sound	Acceptable	Sound	Sound	Strong	$2,004Fees	0.205%Above	232
30	The Federal Savings BankBank	Sound	Mediocre	Strong	Sound	Strong	$4,846Fees	0.792%Above	213
31	One Bank of TennesseeBank	Sound	Mediocre	Acceptable	Sound	Strong	$1,029Fees	1.132%Above	195

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

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.