What are the average closing costs in Shelby County County?

In Shelby County County, the median total loan costs on purchase mortgages were $6,557 in 2024, based on 5,611 originations.

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

Among lenders with 10+ originations in Shelby County County, Nations Lending Corporation had the lowest median total closing costs at $2,684 in 2024.

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

Shelby County County closing costs (median $6,557) are 1.4% below the Tennessee state median of $6,647.

Lowest closing cost mortgage lenders in Shelby County County, Tennessee

In Shelby County, Tennessee, homebuyers paid a median of $6,557 in closing costs in 2024 — near the Tennessee median of $6,647. The county saw 5,611 purchase mortgages at a median rate of 6.50%. Among lenders with 10+ originations, Nations Lending Corporation offered the lowest median costs at $2,684, which is $2,524 less than the county median.

Homebuyers in Shelby County County who chose Nations Lending Corporation paid $3,873 less in closing costs than the county median.

County Median Costs

$6,557

−1.4% vs Tennessee ($6,647)

Median Rate

6.500%

−1.8% vs national (6.620%)

Median Origination

$1,859

Purchase Originations

5,611

vs Tennessee Median

1.4% below

$-90

vs National Median

2.7% below

$-184

Lender rankings in Shelby County County

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

Rank	Lender	Median Total Costs ↑	Median Rate ↕	Median Origination ↕	Volume ↕	vs. Median
1	Nations Lending Corporation	$2,684	6.500%	$14	11	−$2,524
2	Bank of America, National Association	$3,226	5.875%	$844	56	−$1,982
3	Orion Federal Credit Union	$3,404	6.500%	$0	82	−$1,804
4	First Citizens National Bank	$3,460	6.000%	$635	13	−$1,748
5	Leaders Credit Union	$3,542	6.625%	$1,398	43	−$1,666
6	Financial Federal Bank	$4,139	6.500%	$645	88	−$1,069
7	Simmons Bank	$4,203	7.625%	$1,285	75	−$1,005
8	U.S. Bank National Association	$4,296	6.812%	$995	18	−$912
9	FirstBank	$4,318	7.490%	$1,250	23	−$890
10	First Horizon Bank	$4,413	6.625%	$1,099	187	−$795
11	Patriot Bank	$4,427	6.500%	$840	160	−$781
12	NAVY FEDERAL CREDIT UNION	$4,474	6.688%	$1,650	50	−$734
13	JPMorgan Chase Bank, National Association	$4,574	6.375%	$1,418	114	−$634
14	FEDEX EMPLOYEES CREDIT ASSOCIATION	$4,580	6.750%	$1,742	10	−$628
15	PROVIDENT FUNDING ASSOCIATES, L.P.	$4,589	6.500%	$1,125	59	−$619
16	USAA Federal Savings Bank	$4,705	6.625%	$1,408	13	−$503
17	BETTER MORTGAGE CORPORATION	$4,812	6.625%	$1,499	10	−$396
18	Pinnacle Bank	$4,904	6.625%	$1,650	246	−$304
19	Regions Bank	$4,935	6.625%	$1,545	60	−$273
20	Wells Fargo Bank, National Association	$4,953	6.438%	$1,962	26	−$255
21	Truist Bank	$5,088	6.600%	$1,250	21	−$120
22	Cadence Bank	$5,123	6.250%	$1,563	174	−$85
23	Independent Bank	$5,210	6.990%	$1,774	57	+$2
24	Raymond James Bank	$5,211	5.625%	$0	11	+$3
25	Renasant Bank	$5,285	6.625%	$1,738	100	+$77
26	Trustmark Bank	$5,395	6.625%	$1,750	51	+$187
27	BARTLETT MORTGAGE, INC.	$5,450	6.990%	$1,691	59	+$242
28	Evolve Bank & Trust	$5,472	6.625%	$1,360	71	+$264
29	NEW AMERICAN FUNDING, LLC	$5,511	6.750%	$2,488	12	+$303
30	MORTGAGE INVESTORS GROUP, INC.	$5,619	6.750%	$2,332	138	+$411
31	MORTGAGE FINANCIAL SERVICES, LLC	$6,000	6.625%	$3,210	20	+$792
32	Bank of England	$6,125	6.875%	$2,937	21	+$917
33	GUIDANCE RESIDENTIAL, LLC	$6,156	7.125%	$3,024	14	+$948
34	COMMUNITY MORTGAGE CORPORATION	$6,167	6.624%	$3,195	344	+$959
35	ENVOY MORTGAGE, LTD	$6,239	7.000%	$2,551	15	+$1,031
36	GUARANTEED RATE, INC.	$6,292	6.575%	$3,476	87	+$1,084
37	CREDIT UNION MORTGAGE ASSOCIATION, INC.	$6,314	5.750%	$3,385	10	+$1,106
38	ROCKET MORTGAGE, LLC	$6,377	6.625%	$3,674	143	+$1,169
39	CROSSCOUNTRY MORTGAGE, LLC	$6,463	6.990%	$3,553	37	+$1,255
40	PENNYMAC LOAN SERVICES, LLC	$6,636	6.624%	$3,259	47	+$1,428
41	CHURCHILL MORTGAGE CORPORATION	$6,671	6.812%	$2,116	10	+$1,463
42	FIRST COMMUNITY MORTGAGE, INC.	$6,740	6.625%	$2,259	14	+$1,532
43	MUTUAL OF OMAHA MORTGAGE, INC.	$6,988	6.625%	$3,291	30	+$1,780
44	UNITED WHOLESALE MORTGAGE, LLC	$7,533	6.625%	$4,262	111	+$2,325
45	PRIMELENDING, A PLAINSCAPITAL COMPANY	$7,619	6.625%	$4,508	26	+$2,411
46	Eagle Bank and Trust Company	$7,620	6.625%	$4,436	14	+$2,412
47	STOCKTON MORTGAGE CORPORATION	$7,649	7.000%	$4,553	15	+$2,441
48	Wolfe Financial, Inc	$7,834	6.938%	$4,697	16	+$2,626
49	EVERETT FINANCIAL, INC.	$8,500	6.625%	$5,583	27	+$3,292
50	T2 FINANCIAL LLC	$9,221	6.625%	$5,810	12	+$4,013

Includes lenders with 10+ purchase originations in Shelby 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.