Tennessee · Q1 2026
What Tennessee borrowers paid in mortgage closing costs in 2025, drawn from FFIEC HMDA filings across 793 lenders.
Published 2026-04-29.
Tennessee · headline
The gap between Tennessee's lowest- and highest-cost ranked lenders in 2025 was $6,638 on a typical loan — borrowers using loanDepot.com, LLC paid roughly 323% more than borrowers using Regions Bank on similar loans.
Source: FFIEC HMDA 2025 (n=123,255)
In 2025, 793 mortgage lenders originated 123,255 reportable loans in Tennessee according to FFIEC HMDA data. The median borrower paid $5,456 in total loan costs. That is 28.6% above the national median across all 50 states and DC.
Tennessee's median total loan cost was $5,456, 28.6% above the national median of $4,242. On a typical loan, that translates to roughly $1,214 more than borrowers paid in the average state.
Regions Bank posted the lowest median total loan costs at $2,057, 62.3% below the Tennessee median. Across the ranked lenders, 7 earned an A grade against peer averages and 6 fell to D or F.
Lower bars = lower median total loan costs. Hover (or tap) bars for sample size and grade. Bar color groups lenders into cost quartiles.
Lenders below 30 records in Tennessee are excluded from this ranking. See full methodology.
Same 10 lenders as the chart above, ranked here by 2025 HMDA loan count.
| # | Lender | Median total cost | Median origination | Reports | Grade |
|---|---|---|---|---|---|
| 1 | Rocket Mortgage | $5,859 | $3,824 | 11,906 | A |
| 2 | United Wholesale Mortgage | $8,493 | $4,304 | 8,426 | D |
| 3 | CMG Financial | $8,602 | $3,857 | 3,428 | D |
| 4 | Mortgage Research Center, LLC | $4,074 | $2,942 | 3,178 | A |
| 5 | Mortgage Investors Group, Inc. | $6,731 | $2,375 | 3,061 | B |
| 6 | FirstBank | $5,094 | $1,582 | 2,634 | A |
| 7 | Pennymac | $8,229 | $4,319 | 2,442 | D |
| 8 | Freedom Mortgage | $6,856 | $4,388 | 2,416 | B |
| 9 | First Community Mortgage, Inc. | $8,201 | $3,787 | 2,396 | D |
| 10 | Regions Bank | $2,057 | $1,538 | 2,282 | A |
Tennessee median total loan cost
Tennessee borrowers paid a median $5,456 in total loan costs in 2025, based on 123,255 HMDA-reported loans across 793 lenders.
FFIEC HMDA 2025
Lender spread in Tennessee
In Tennessee, the gap between Regions Bank ($2,057 median) and loanDepot.com, LLC ($8,695 median) was $6,638 on a typical 2025 loan.
FFIEC HMDA 2025
Tennessee vs. national
Tennessee closing costs ran 28.6% above the national median ($4,242) in 2025.
FFIEC HMDA 2025
The median origination charge in Tennessee was $2,170, with the typical lender clustering tightly around that figure. Discount points appeared on 57% of loans, with a median paid amount of $2,359 when present — meaningful enough that shoppers should ask whether quoted points actually buy down their rate cost-effectively. Lender credits offsetting closing costs were issued on 33% of loans, with a median credit of $279.
Avg $3,683
Median $2,359 when present
Median $279 when issued
HMDA itemizes origination, discount points, and lender credits. Title insurance, recording fees, and transfer tax (relevant in Tennessee) are not separately reported in HMDA — see our state benchmark page for those. See full methodology.
Related pages for Tennessee
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