What are the average closing costs in Franklin County County?

In Franklin County County, the median total loan costs on purchase mortgages were $6,987 in 2024, based on 424 originations.

Which lender has the lowest closing costs in Franklin County County?

Among lenders with 10+ originations in Franklin County County, ASCEND FEDERAL CREDIT UNION had the lowest median total closing costs at $3,204 in 2024.

How do closing costs in Franklin County County compare to Tennessee?

Franklin County County closing costs (median $6,987) are 5.1% above the Tennessee state median of $6,647.

Lowest closing cost mortgage lenders in Franklin County County, Tennessee

In Franklin County, Tennessee, homebuyers paid a median of $6,987 in closing costs in 2024 — above the Tennessee median of $6,647. The county saw 424 purchase mortgages at a median rate of 6.50%. Among lenders with 10+ originations, ASCEND FEDERAL CREDIT UNION offered the lowest median costs at $3,204, which is $2,125 less than the county median.

Homebuyers in Franklin County County who chose ASCEND FEDERAL CREDIT UNION paid $3,783 less in closing costs than the county median.

County Median Costs

$6,987

+5.1% vs Tennessee ($6,647)

Median Rate

6.500%

−1.8% vs national (6.620%)

Median Origination

$2,932

Purchase Originations

424

vs Tennessee Median

5.1% above

$340

vs National Median

3.6% above

$246

Lender rankings in Franklin County County

6 lenders with 10+ originations, ranked by median total loan costs.

Rank	Lender	Median Total Costs ↑	Median Rate ↕	Median Origination ↕	Volume ↕	vs. Median
1	ASCEND FEDERAL CREDIT UNION	$3,204	6.125%	$595	23	−$2,125
2	FIRST COMMUNITY MORTGAGE, INC.	$5,221	6.490%	$3,090	25	−$108
3	Primis Mortgage Company	$6,330	7.058%	$4,367	10	+$1,001
4	Citizens Tri-County Bank	$6,537	6.625%	$3,537	11	+$1,208
5	ROCKET MORTGAGE, LLC	$7,471	6.500%	$4,241	16	+$2,142

Includes lenders with 10+ purchase originations in Franklin County County. Source: HMDA 2024. Sorted by median total loan costs.

View detailed closing cost breakdowns and user reviews for lenders in Tennessee → Lender Directory

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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).

Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.