Mortgage Rates Tennessee (TN) for March 2026
Content reviewed by
Brian McKay
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Editorial Disclosure
Brian McKay
Brian McKay
Founder & Data ArchitectExpertise
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Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of lenders actively lending in Tennessee. Our editorial content is independent of any advertiser relationships.
Current 30-year fixed mortgage rates in Tennessee as of March 20, 2026 are as follows, according to verified data from MonitorBankRates: Knoxville TVA Employees Credit UnionKnoxville TVA Employees Credit Union102 N Seven Oaks Dr, Alcoa, TN, 37601A+5.0 ★Texas Ratio: 3.39% at 6.00%, Fortera Federal Credit UnionFortera Federal Credit Union145 Dover Crossing Rd, Clarksville, TN, 37040 1620A+5.0 ★Texas Ratio: 5.06% at 6.12%, TruistTruist101 Browns Ferry Rd, Arlington, TN, 37027A+5.0 ★Texas Ratio: 3.63% at 6.10%, Ascend Federal Credit UnionAscend Federal Credit Union1002 Crossings Blvd, Brentwood, TN, 37027A+5.0 ★Texas Ratio: 2.48% at 6.12%, and Y-12 Federal Credit UnionY-12 Federal Credit Union101 Crosspark Dr, Clinton, TN, 37716 3730A+5.0 ★Texas Ratio: 3.14% at 6.25%.
Mortgage rates in Tennessee (TN) are continually updated to reflect market conditions. Whether you are purchasing a home or refinancing, comparing current loan options across top-rated local lenders and national banks is critical. We empower borrowers with transparent financial health metrics — including A-F Safety Grades, verified Star Ratings, and Texas Ratios — so you can confidently choose a stable, highly-rated institution.
Mortgage Rates reflect actual verified offers from lenders actively lending to Tennessee borrowers. Your final approved rate will depend on your credit profile, loan-to-value ratio, and daily market movements. Last Updated and Verified: March 17, 2026
Tennessee Mortgage Rate Trends
Compare local Tennessee mortgage rate quotes against the statewide average
Weekly mortgage rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
30-Year Fixed — TN Avg
6.416%
▲ 0.331 from last week
For buyers in Tennessee, the broader Tennessee 30-year fixed average mortgage rate rose 0.331 points this week to 6.416%, according to MonitorBankRates trend data.
15-Year Fixed — TN Avg
5.716%
▼ 2.055 from last week
For buyers in Tennessee, the broader Tennessee 15-year fixed average mortgage rate fell 2.055 points this week to 5.716%, according to MonitorBankRates trend data.
As of Mar 20, 2026 • Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Compare Mortgage Rates Today in Tennessee
Source: Verified Mortgage Rate Data provided by MonitorBankRates
Lender
Product
Term
Rate
APR
Profile
Knoxville TVA Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.39%
102 N Seven Oaks Dr, Alcoa, TN, 37601
30-Year Fixed-Rate Mortgage
6.00%
6.22%
▼
Rate6.00%
APR6.22%
Points0.000
UpdatedMar 17, 2026
Details
As Low As
Fortera Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.06%
145 Dover Crossing Rd, Clarksville, TN, 37040 1620
Conventional 30 Year Fixed Loan
6.12%
6.24%
▼
Rate6.12%
APR6.24%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
Truist
Institution Rating:
A+5.0 ★Texas Ratio: 3.63%
101 Browns Ferry Rd, Arlington, TN, 37027
30-Year Fixed
360
6.10%
6.26%
▼
Rate6.10%
APR6.26%
Points0.566
UpdatedMar 15, 2026
Details
No additional details available.
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.48%
1002 Crossings Blvd, Brentwood, TN, 37027
30 Year Fixed
6.12%
6.28%
▼
Rate6.12%
APR6.28%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
Truist
Institution Rating:
A+5.0 ★Texas Ratio: 3.63%
101 Browns Ferry Rd, Arlington, TN, 37027
30-Year Fixed
360
6.12%
6.32%
▼
Rate6.12%
APR6.32%
Points0.927
UpdatedMar 15, 2026
Details
No additional details available.
Y-12 Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.14%
101 Crosspark Dr, Clinton, TN, 37716 3730
30-Year Fixed
6.25%
6.37%
▼
Rate6.25%
APR6.37%
Points1.000
UpdatedMar 15, 2026
Details
No additional details available.
Eastman Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.31%
113 Broyles Dr, Blountville, TN, 37601
30 Year Fixed
6.12%
6.39%
▼
Rate6.12%
APR6.39%
Points1.000
UpdatedMar 13, 2026
Details
No additional details available.
Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
1040 Glenbrook Way, Arlington, TN, 37027
30-Year Fixed Rate
6.25%
6.40%
▼
Rate6.25%
APR6.40%
Points0.000
UpdatedMar 15, 2026
Details
No additional details available.
U.S. Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.46%
1 Public Sq, Antioch, TN, 37013
30-year fixed refinance
30-year
6.38%
6.54%
▼
Rate6.38%
APR6.54%
Points0.000
UpdatedMar 15, 2026
Details
No additional details available.
Eastman Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.31%
113 Broyles Dr, Blountville, TN, 37601
30 Year Fixed First Time Home Buyers
7.38%
7.55%
▼
Rate7.38%
APR7.55%
Points0.000
UpdatedMar 13, 2026
Details
No additional details available.
Source: Verified Mortgage Rate Data provided by MonitorBankRates
Lender
Product
Term
Rate
APR
Profile
Fortera Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.06%
145 Dover Crossing Rd, Clarksville, TN, 37040 1620
Conventional 15 Year Fixed Loan
5.38%
5.56%
▼
Rate5.38%
APR5.56%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
Truist
Institution Rating:
A+5.0 ★Texas Ratio: 3.63%
101 Browns Ferry Rd, Arlington, TN, 37027
15-Year Fixed
180
5.38%
5.68%
▼
Rate5.38%
APR5.68%
Points0.902
UpdatedMar 15, 2026
Details
No additional details available.
Truist
Institution Rating:
A+5.0 ★Texas Ratio: 3.63%
101 Browns Ferry Rd, Arlington, TN, 37027
15-Year Fixed
180
5.38%
5.70%
▼
Rate5.38%
APR5.70%
Points0.982
UpdatedMar 15, 2026
Details
No additional details available.
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.48%
1002 Crossings Blvd, Brentwood, TN, 37027
15 Year Fixed
5.62%
5.71%
▼
Rate5.62%
APR5.71%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
1040 Glenbrook Way, Arlington, TN, 37027
15-Year Fixed Rate
5.50%
5.73%
▼
Rate5.50%
APR5.73%
Points0.000
UpdatedMar 15, 2026
Details
No additional details available.
Y-12 Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.14%
101 Crosspark Dr, Clinton, TN, 37716 3730
15-Year Fixed
5.62%
5.82%
▼
Rate5.62%
APR5.82%
Points1.000
UpdatedMar 15, 2026
Details
No additional details available.
Knoxville TVA Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.39%
102 N Seven Oaks Dr, Alcoa, TN, 37601
15-Year Fixed-Rate Mortgage
5.50%
5.87%
▼
Rate5.50%
APR5.87%
Points0.000
UpdatedMar 17, 2026
Details
As Low As
Eastman Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.31%
113 Broyles Dr, Blountville, TN, 37601
15 Year Fixed
5.50%
5.93%
▼
Rate5.50%
APR5.93%
Points1.000
UpdatedMar 13, 2026
Details
No additional details available.
Source: Verified Mortgage Rate Data provided by MonitorBankRates
Lender
Product
Term
Rate
APR
Profile
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.48%
1002 Crossings Blvd, Brentwood, TN, 37027
5/5 ARM 30 Year
5.38%
5.65%
▼
Rate5.38%
APR5.65%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
Fortera Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.06%
145 Dover Crossing Rd, Clarksville, TN, 37040 1620
7/1 VA Adjustable Loan
5.12%
5.88%
▼
Rate5.12%
APR5.88%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
Fortera Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.06%
145 Dover Crossing Rd, Clarksville, TN, 37040 1620
5/1 VA Adjustable Loan
5.00%
5.95%
▼
Rate5.00%
APR5.95%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
Alcoa Tenn Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.66%
124 N Hall Rd, Alcoa, TN, 37701 2648
Mortgage - Adjustable Rate
3 Year ARM
5.50%
6.03%
▼
Rate5.50%
APR6.03%
Points0.000
UpdatedMar 17, 2026
Details
As Low As
Eastman Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.31%
113 Broyles Dr, Blountville, TN, 37601
5/1 ARM
5.12%
6.03%
▼
Rate5.12%
APR6.03%
Points1.000
UpdatedMar 13, 2026
Details
No additional details available.
Alcoa Tenn Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.66%
124 N Hall Rd, Alcoa, TN, 37701 2648
Mortgage - Adjustable Rate
7 Year ARM
5.80%
6.03%
▼
Rate5.80%
APR6.03%
Points0.000
UpdatedMar 17, 2026
Details
As Low As
Eastman Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.31%
113 Broyles Dr, Blountville, TN, 37601
7/1 ARM
5.38%
6.03%
▼
Rate5.38%
APR6.03%
Points1.000
UpdatedMar 13, 2026
Details
No additional details available.
Fortera Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.06%
145 Dover Crossing Rd, Clarksville, TN, 37040 1620
7/1 Conventional Adjustable-Rate Mortgage
5.50%
6.04%
▼
Rate5.50%
APR6.04%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
Alcoa Tenn Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.66%
124 N Hall Rd, Alcoa, TN, 37701 2648
Mortgage - Adjustable Rate
5 Year ARM
5.75%
6.05%
▼
Rate5.75%
APR6.05%
Points0.000
UpdatedMar 17, 2026
Details
As Low As
Fortera Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.06%
145 Dover Crossing Rd, Clarksville, TN, 37040 1620
3/1 VA Adjustable Loan
4.88%
6.10%
▼
Rate4.88%
APR6.10%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
Alcoa Tenn Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.66%
124 N Hall Rd, Alcoa, TN, 37701 2648
Mortgage - Adjustable Rate
1 Year ARM
5.50%
6.12%
▼
Rate5.50%
APR6.12%
Points0.000
UpdatedMar 17, 2026
Details
As Low As
Alcoa Tenn Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.66%
124 N Hall Rd, Alcoa, TN, 37701 2648
Mortgage - Adjustable Rate
10 Year ARM
6.00%
6.12%
▼
Rate6.00%
APR6.12%
Points0.000
UpdatedMar 17, 2026
Details
As Low As
Fortera Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.06%
145 Dover Crossing Rd, Clarksville, TN, 37040 1620
5/1 Conventional Adjustable-Rate Mortgage
5.50%
6.14%
▼
Rate5.50%
APR6.14%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
U.S. Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.46%
1 Public Sq, Antioch, TN, 37013
Jumbo adjustable-rate mortgage (ARM) loans 5/1 yr
5/1 yr
5.75%
6.20%
▼
Rate5.75%
APR6.20%
Points0.680
UpdatedMar 15, 2026
Details
No additional details available.
U.S. Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.46%
1 Public Sq, Antioch, TN, 37013
Jumbo adjustable-rate mortgage (ARM) loans 7/1 yr
7/1 yr
5.88%
6.21%
▼
Rate5.88%
APR6.21%
Points0.760
UpdatedMar 15, 2026
Details
No additional details available.
Fortera Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.06%
145 Dover Crossing Rd, Clarksville, TN, 37040 1620
3/1 Conventional Adjustable-Rate Mortgage
5.38%
6.24%
▼
Rate5.38%
APR6.24%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
Y-12 Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.14%
101 Crosspark Dr, Clinton, TN, 37716 3730
15/15 30-Year Adjustable Rate Mortgage
6.12%
6.25%
▼
Rate6.12%
APR6.25%
Points1.000
UpdatedMar 15, 2026
Details
No additional details available.
Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
1040 Glenbrook Way, Arlington, TN, 37027
7/6-Month ARM
5.88%
6.27%
▼
Rate5.88%
APR6.27%
Points0.000
UpdatedMar 15, 2026
Details
No additional details available.
U.S. Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.46%
1 Public Sq, Antioch, TN, 37013
Conforming adjustable-rate mortgage (ARM) loans 7/6 mo
7/6 mo
5.88%
6.29%
▼
Rate5.88%
APR6.29%
Points0.932
UpdatedMar 15, 2026
Details
No additional details available.
U.S. Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.46%
1 Public Sq, Antioch, TN, 37013
Jumbo adjustable-rate mortgage (ARM) loans 10/1 yr
10/1 yr
6.12%
6.32%
▼
Rate6.12%
APR6.32%
Points0.725
UpdatedMar 15, 2026
Details
No additional details available.
Y-12 Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.14%
101 Crosspark Dr, Clinton, TN, 37716 3730
5/5 30-Year Adjustable Rate Mortgage
6.25%
6.37%
▼
Rate6.25%
APR6.37%
Points1.000
UpdatedMar 15, 2026
Details
No additional details available.
U.S. Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.46%
1 Public Sq, Antioch, TN, 37013
Conforming adjustable-rate mortgage (ARM) loans 10/6 mo
10/6 mo
6.12%
6.38%
▼
Rate6.12%
APR6.38%
Points0.936
UpdatedMar 15, 2026
Details
No additional details available.
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.48%
1002 Crossings Blvd, Brentwood, TN, 37027
5/5 ARM First Time Homebuyer
6.12%
6.41%
▼
Rate6.12%
APR6.41%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.48%
1002 Crossings Blvd, Brentwood, TN, 37027
7/1 ARM 30 Year
5.62%
6.47%
▼
Rate5.62%
APR6.47%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
Eastman Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.31%
113 Broyles Dr, Blountville, TN, 37601
15 Year Adjustable
6.75%
6.75%
▼
Rate6.75%
APR6.75%
Points0.000
UpdatedMar 13, 2026
Details
No additional details available.
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.48%
1002 Crossings Blvd, Brentwood, TN, 37027
5/1 Vacant Land
7.75%
8.58%
▼
Rate7.75%
APR8.58%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
Source: Verified Mortgage Rate Data provided by MonitorBankRates
Lender
Product
Term
Rate
APR
Profile
Fortera Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.06%
145 Dover Crossing Rd, Clarksville, TN, 37040 1620
Jumbo 30 Year Fixed
6.12%
6.22%
▼
Rate6.12%
APR6.22%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
U.S. Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.46%
1 Public Sq, Antioch, TN, 37013
Jumbo loans 15-year
15-year
6.25%
6.49%
▼
Rate6.25%
APR6.49%
Points0.640
UpdatedMar 15, 2026
Details
No additional details available.
U.S. Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.46%
1 Public Sq, Antioch, TN, 37013
Jumbo loans 20-year
20-year
6.38%
6.58%
▼
Rate6.38%
APR6.58%
Points0.735
UpdatedMar 15, 2026
Details
No additional details available.
U.S. Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.46%
1 Public Sq, Antioch, TN, 37013
Jumbo loans 30-year
30-year
6.50%
6.65%
▼
Rate6.50%
APR6.65%
Points0.685
UpdatedMar 15, 2026
Details
No additional details available.
Truist
Institution Rating:
A+5.0 ★Texas Ratio: 3.63%
101 Browns Ferry Rd, Arlington, TN, 37027
30-Year Jumbo
360
6.97%
7.11%
▼
Rate6.97%
APR7.11%
Points0.815
UpdatedMar 15, 2026
Details
No additional details available.
Source: Verified Mortgage Rate Data provided by MonitorBankRates
Lender
Product
Term
Rate
APR
Profile
U.S. Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.46%
1 Public Sq, Antioch, TN, 37013
Federal Housing Administration (FHA) loans 30-year
30-year
5.88%
6.76%
▼
Rate5.88%
APR6.76%
Points0.932
UpdatedMar 15, 2026
Details
No additional details available.
Truist
Institution Rating:
A+5.0 ★Texas Ratio: 3.63%
101 Browns Ferry Rd, Arlington, TN, 37027
30-Year FHA
360
5.70%
6.91%
▼
Rate5.70%
APR6.91%
Points0.767
UpdatedMar 15, 2026
Details
No additional details available.
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.48%
1002 Crossings Blvd, Brentwood, TN, 37027
FHA 30 Year Fixed Rate
6.12%
6.97%
▼
Rate6.12%
APR6.97%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
Source: Verified Mortgage Rate Data provided by MonitorBankRates
Lender
Product
Term
Rate
APR
Profile
Fortera Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.06%
145 Dover Crossing Rd, Clarksville, TN, 37040 1620
VA 15 Year Fixed Loan
5.12%
5.34%
▼
Rate5.12%
APR5.34%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
1040 Glenbrook Way, Arlington, TN, 37027
30-Year Fixed-Rate VA
5.62%
5.82%
▼
Rate5.62%
APR5.82%
Points0.000
UpdatedMar 15, 2026
Details
No additional details available.
Fortera Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.06%
145 Dover Crossing Rd, Clarksville, TN, 37040 1620
VA 30 Year Fixed Loan
5.75%
5.88%
▼
Rate5.75%
APR5.88%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.48%
1002 Crossings Blvd, Brentwood, TN, 37027
VA 30 Year Fixed Rate
6.25%
6.36%
▼
Rate6.25%
APR6.36%
Points0.000
UpdatedMar 16, 2026
Details
No additional details available.
U.S. Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.46%
1 Public Sq, Antioch, TN, 37013
Veterans Affairs (VA) loans 30-year
30-year
6.12%
6.46%
▼
Rate6.12%
APR6.46%
Points0.509
UpdatedMar 15, 2026
Details
No additional details available.
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Mortgage Calculators
Methodology & Data Sources
Direct-Sourced & Verified Mortgage Rate Data: We aggregate mortgage and refinance rates for Tennessee directly from the official websites of local lenders, credit unions, and national mortgage originators using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every rate displayed is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home loan products in Tennessee. We feature a comprehensive mix of licensed NMLS financial institutions — from neighborhood credit unions and competitive regional banks to large national originators available to borrowers in TN.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update mortgage rates daily. Because rates and APRs can fluctuate rapidly based on bond markets and economic conditions, every loan product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data — including the Texas Ratio — ensuring you compare rates from secure, reliable lenders.
Frequently Asked Questions about Mortgage Rates in Tennessee
How does my credit score affect my rate in Tennessee?
Your credit score is a major factor. Generally, borrowers in Tennessee with higher credit scores (760+) receive the lowest interest rates.
What is a 30-Year Fixed Mortgage?
A 30-year fixed-rate mortgage is a home loan where the interest rate remains the same for the entire 30-year term. It is the most popular type of mortgage in Tennessee because it offers lower monthly payments compared to shorter-term loans.
What are closing costs in Tennessee?
Closing costs are fees paid at the end of a real estate transaction, typically ranging from 2% to 5% of the loan amount. In Tennessee, these may include appraisal fees, title insurance, and recording fees.
Should I lock my mortgage rate?
If you are satisfied with the current rate and worried rates might rise before closing on your home in Tennessee, locking your rate is a good idea. It guarantees your rate for a specific period.
What is an Adjustable-Rate Mortgage (ARM)?
An ARM has an interest rate that can change over time. It usually starts with a lower fixed rate for a period (e.g., 5 years) before adjusting annually based on market indices.
What is a Jumbo Loan in Tennessee?
A Jumbo Loan exceeds the conforming loan limits set by the FHFA. In high-cost areas of Tennessee, these limits are higher. These loans typically require stronger credit and larger down payments.
Do I need 20% down to buy a house in Tennessee?
No. While 20% avoids Private Mortgage Insurance (PMI), many lenders in Tennessee offer loans with as little as 3% or 3.5% down (FHA). VA loans may require no down payment.
What is the difference between Interest Rate and APR?
The interest rate is the cost of borrowing the principal. The APR (Annual Percentage Rate) includes the interest rate plus other costs like points and fees, giving a truer cost of the loan.
How do I find the best lender in Tennessee?
Compare rates from multiple sources including local banks, credit unions, and online lenders using the tables on this page to find the best offer for your situation.
What are the best Mortgage rates in Tennessee?
- Knoxville TVA Employees Credit Union: 6.00% (30-Year Fixed-Rate Mortgage)
- Fortera Federal Credit Union: 6.12% (Conventional 30 Year Fixed Loan)
- Truist: 6.10% (30-Year Fixed)
- Ascend Federal Credit Union: 6.12% (30 Year Fixed)
- Y-12 Federal Credit Union: 6.25% (30-Year Fixed)
Mortgage Rates reflect actual verified offers from lenders actively lending to Tennessee borrowers. Your final approved rate will depend on your credit profile, loan-to-value ratio, and daily market movements. Last Updated and Verified: March 17, 2026
Mortgage Rates by City in Tennessee
