Mortgage lending in Cleveland, TN
3,049 mortgages were originated in the Cleveland, TN area in 2025, and here is what they cost.
30-year fixed, this week
6.71%
Freddie Mac's survey average for the week of September 3, 2026 — a year earlier it was 6.56%, and the past year ranged 5.98–6.71%. The figures below are from 2025 filings and do not move with the market. Rate history
- Loans originated
- 3,049
- Median rate
- 6.624%
- Median lender fees
- $5,760
The going rate is the federal "average prime offer rate" for a comparable loan; 0.5 means half a percentage point above it.
- Median loan amount
- $225,000
- Above the going rate (spread over APOR)
- 0.279
- Paid discount points
- 36.7%
- Received lender credits
- 21%
- Purchases / refinances
- 50.9% / 32.9%
- Conventional / FHA / VA
- 69% / 18.8% / 11%
Figures are medians of loans actually originated in 2025, as reported under the Home Mortgage Disclosure Act. They describe what borrowers received, not what you would be offered: HMDA contains no credit scores, so these numbers cannot be read as pricing for any individual. Lender fees are reported for 69% of loans here — see methodology.
Who lent here
Lenders with at least 50 loans in the Cleveland, TN area, ranked by volume.
| Lender | Loans | Median fees | Median rate |
|---|---|---|---|
| Rocket Mortgage, LLC | 223 | $6,403 | 6.625% |
| CMG Mortgage, Inc. | 150 | $7,334 | 6.625% |
| Regions Bank | 134 | — | 4.990% |
| Tennessee Valley FCU | 133 | $4,030 | 7.440% |
| First Citizens National Bank | 127 | $3,397 | 6.875% |
| Bank of Cleveland | 124 | — | — |
| United Shore Financial Services, LLC | 108 | $7,606 | 5.999% |
| United Community Bank | 107 | $4,971 | 6.500% |
| DHI Mortgage Company, Ltd. | 94 | $2,961 | 5.500% |
| FirstBank | 75 | $4,516 | 6.750% |