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Best Tennessee Mortgage Lenders of 2019

Finding the Right Mortgage, Mortgages
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Whether you’re shopping for a chalet near Gatlinburg or a loft in Nashville with a view of the Cumberland River, it takes research to get the right mortgage. NerdWallet has done the legwork to help you find the best Tennessee mortgage lenders.

Some of these lenders stand out for overall expertise. Others excel in specific categories, such as VA loans, first-time home buyers, home equity loans or low down payment mortgages.

Best Tennessee mortgage lenders of 2019

NerdWallet finds these lenders to be among the best overall.

4.5 NerdWallet rating
  • Manual underwriting allows personal evaluation of a borrower
  • Bilingual loan officers can assist in Spanish and English
  • Minimum credit score is typically 580 for FHA loans, 620 for conventional mortgages
  • New American Funding review
4.5 NerdWallet rating
  • Offers conventional, FHA, VA, USDA and jumbo mortgages for both purchases and refinances
  • All borrowing scenarios covered by a user-friendly digital platform
  • User satisfaction is 95%, according to company data
  • Guaranteed Rate review

Best Tennessee mortgage lenders for VA loans

These lenders specialize in serving VA borrowers and understanding their needs.

4.5 NerdWallet rating
  • The largest VA home purchase lender in the U.S.
  • Help with a VA loan application is available 24/7 by phone or online
  • Client advocate team includes former senior enlisted leaders from each service branch
  • Veterans United Home Loans review
4.0 NerdWallet rating
  • Promises to match a better mortgage rate offer or will pay you $1,000
  • Low minimum loan amounts: $10,000 for a home purchase and $19,000 for a refinance
  • Uses data from utility bills, rent and mobile phone payments when approving a loan application
  • Navy Federal mortgage review

Best Tennessee mortgage lenders for first-time home buyers

First-time buyers often need experienced guidance and low-fee loan programs that flex with the borrower.

4.0 NerdWallet rating
  • PMI isn’t required, even with less than 20% down
  • No mortgage origination or application fee
  • Considers disposable income and non-traditional credit history
  • SoFi Mortgage review
4.5 NerdWallet rating
  • Offers FHA, VA and USDA mortgages.
  • Caters to first-time buyers and those with lower-credit scores.
  • Considers alternative credit data, like bank statements and rent payments.
  • Vylla review
  • Best Tennessee lenders for home equity borrowing

    Home-equity borrowing is expected to become more popular as interest rates rise. These lenders have home-equity products and expertise.

    4.0 NerdWallet rating
  • HELOC can be linked to a Citi checking or savings account
  • HELOC funds can be withdrawn from Citi’s network of ATMs
  • Offers fixed-rate home equity loans and HELOCs with an optional interest-only draw period
  • CitiMortgage review
  • 4.5 NerdWallet rating
    • Fixed-rate home equity loans of $25,000 to $250,000 available (HELOCs not offered)
    • Up to 90% loan-to-value
    • Closes home equity loans “in just days, not weeks”
    • LoanDepot mortgage review

    Best Tennessee lenders for low down payments

    When a low down payment matters, these lenders have loans that may work for you.

    4.0 NerdWallet rating
    • Affordable Loan Solution mortgage features 3% down and no mortgage insurance
    • Features many Tennessee branches for borrowers who prefer face-to-face interaction
    • Offers borrowers a full suite of online and mobile tools
    • Bank of America mortgage review
    Quicken Loans
    4.5 NerdWallet rating
    • Down payments as low as 3% on FHA, USDA, Freddie Mac and Fannie Mae mortgages
    • A single loan officer is assigned to each application
    • Offers low private mortgage insurance rates on conventional mortgages
    • Quicken Loans review

    Best Tennessee mortgage lenders of 2019: summary

    More from NerdWallet:

    Calculate your Tennessee mortgage payment
    Compare Tennessee mortgage rates
    See Tennessee first-time home buyer programs

    NerdWallet’s selection of mortgage lenders for inclusion here was made based on our evaluation of the products and services that lenders offer to consumers who are actively shopping for the best mortgage. The six key areas we evaluated include the loan types and loan products offered, online capabilities, online mortgage rate information, customer service and the number of complaints filed with the Consumer Financial Protection Bureau as a percentage of loans issued. We also awarded lenders up to one bonus star for a unique program or borrower focus that set them apart from other lenders. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.