Mortgage Broker in Tennessee
Licensed by the Tennessee Department of Financial Institutions, MortgagePros shops your loan across the lenders we work with and closes it at a title company or attorney’s office near you, from Nashville and Memphis to Knoxville, Chattanooga and the Tri-Cities, in all 95 counties.
Tennessee Mortgage License 218217. NMLS #1925352. Rated 4.9 across 5,400+ Google reviews.
95
Tennessee counties, one licensed pro as your contact
2019
Founded in Troy, Michigan
300+
Licensed loan officers on the team
4.9
Average of 5,400+ Google reviews
39
States licensed, headquartered here
What is different about a Tennessee mortgage.
Tennessee taxes both sides of the deal at the courthouse. The realty transfer tax is $0.37 per $100 of the price and the buyer pays it when the deed is recorded, and the recordation tax on the mortgage is $0.115 per $100 of the loan above the first $2,000, paid by the borrower. On a $400,000 home with a $380,000 loan that is about $1,900 of closing costs most calculators leave out. We put them in your estimate from the first quote.
Nashville is its own market. The six-county metro of Davidson, Williamson, Rutherford, Sumner, Wilson and Cheatham shares a 2026 FHA limit of $694,450, well above the national floor, while Memphis, Knoxville, Chattanooga and the rest of the state sit at $541,287. The conforming limit is the same everywhere: $832,750.
Closings can be handled by a title company or an attorney; the state does not require one. Property taxes are billed in arrears, due by the end of February for the prior year, and there is no state income tax, which is why relocation buyers keep arriving and why we quote with the full Tennessee cost picture rather than the rate alone.
Licensed in Tennessee, exactly as filed.
Issued by the Tennessee Department of Financial Institutions and verifiable on the NMLS Consumer Access site under MortgagePros, LLC, NMLS #1925352.
TN
Tennessee
Tennessee Mortgage LicenseLicense No. 218217
2026 loan limits in Tennessee.
Tennessee has no high-cost counties for conforming loans, so the FHFA baseline applies statewide. The FHA limit is far higher across the Nashville metro. VA loans have no limit for veterans with full entitlement.
| Area | Conforming (1 unit) | FHA (1 unit) |
|---|---|---|
| Nashville metro: Davidson, Williamson, Rutherford, Sumner, Wilson and Cheatham | $832,750 | $694,450 |
| Shelby (Memphis), Knox (Knoxville), Hamilton (Chattanooga) and most other counties | $832,750 | $541,287 |
Two- to four-unit limits are higher. Your pro checks the exact county figure against the home you are looking at.
Memphis to the Smokies
One licensed pro from the first call to the closing table, wherever in Tennessee the home is.
Tennessee closing costs, and who usually pays them.
Tennessee is one of the few states that taxes the mortgage as well as the deed. These are the customs and statutory splits; each can be negotiated in the contract.
01
Realty transfer tax
$0.37 per $100 of the purchase price, paid by the buyer when the deed is recorded. $1,480 on a $400,000 home.
02
Recordation tax on the mortgage
$0.115 per $100 of the loan amount above the first $2,000, paid by the borrower. About $435 on a $380,000 loan, and it applies again on a refinance.
03
Closing agent
A title company or a real estate attorney, your choice; Tennessee does not require an attorney. Fees for the settlement itself typically run a few hundred dollars and are often split.
04
Title insurance
Custom varies by region. Around Nashville the buyer commonly pays for the owner’s policy; elsewhere it is often the seller. The lender’s policy is a buyer cost everywhere.
05
Property taxes in arrears
Bills arrive in the autumn for the current year and are due by the end of February. The seller credits you their share at closing, and the escrow is yours from then on.
06
No state income tax
Not a closing cost, but it changes the math: relocation buyers from income-tax states often qualify for more here than the same salary allowed at home. We run the full budget, not only the rate.
Every loan we offer, in Tennessee.
The same seven products as everywhere we are licensed, priced with Tennessee’s transfer and recordation taxes already in the estimate.
Buying
Home purchase
A quick pre-approval, with the transfer tax and recordation tax already in your cash-to-close figure.
3.5% down
FHA loans
Credit scores from 580 and a $694,450 limit across the Nashville metro.
Zero down
VA loans
Fort Campbell, Naval Support Activity Mid-South and Arnold: Tennessee is home to more than 400,000 veterans. No down payment, no monthly mortgage insurance, no limit with full entitlement.
From 3% down
Conventional loans
Best pricing for good credit, mortgage insurance you can ask to cancel at 80 percent of the original value, and the route for Smoky Mountain cabins and rentals.
Above $832,750
Jumbo loans
Williamson County, Belle Meade and the lake homes run above the conforming line. Lender-by-lender rules; we place the file where it fits.
Lower payment
Refinance
A Tennessee refinance pays the recordation tax again on the new loan, so the break-even math matters. We run it before you commit.
Use your equity
Cash-out refinance
Renovations, debt consolidation or a rental down payment, paid from equity at a mortgage rate.
How it works from Michigan to Tennessee.
Most Tennessee clients never meet us in person, and nothing about the loan is slower for it.
1
Tell us the goal
A short call about what you want to do and where in Tennessee. We run the numbers with taxes, insurance and the courthouse taxes included.
2
Apply and upload
The application, disclosures and signatures are online. A licensed pro reviews everything and stays on your file to closing.
3
We shop the loan
Your file goes to the lender whose pricing and rules fit it. You see the options side by side.
4
Close near you
Signing happens at a Tennessee title company or attorney’s office near you, or with a mobile notary at your kitchen table.
Ready to buy or refinance in Tennessee?
A licensed pro quotes your options with the transfer and recordation taxes already in the numbers. Free, and it starts without a hard credit pull.
Tennessee mortgage FAQ
The questions Tennessee buyers and homeowners ask us most. If yours is not here, a licensed pro will answer it directly, with no obligation.
What are the transfer tax and the recordation tax?
Tennessee charges $0.37 per $100 of the purchase price to record the deed, paid by the buyer, and $0.115 per $100 of the mortgage amount above $2,000 to record the mortgage, paid by the borrower. On a $400,000 home with a $380,000 loan that is roughly $1,900 together. A refinance pays the recordation tax again on the new loan.
Why is the FHA limit in Nashville so much higher than in Memphis?
HUD sets FHA limits from local median prices. The six-county Nashville metro shares a 2026 limit of $694,450, while Shelby County and most of the state sit at the national floor of $541,287. If you are buying in Davidson, Williamson, Rutherford, Sumner, Wilson or Cheatham, an FHA loan reaches much further than people expect.
Do I need an attorney to close in Tennessee?
No. Tennessee lets a title company or an attorney handle the closing, and most residential purchases close at a title company. Either way we coordinate the closing package and the wire, and a mobile notary can bring the signing to you.
Do I have to come to Michigan?
No. Your licensed pro handles the loan by phone, email and e-signature, and the closing is done in Tennessee near you. The Tennessee licence on this page is what lets us lend in the state.
When are Tennessee property taxes due?
They are paid in arrears: the bill for the current year arrives in the autumn and is due by the last day of February. At closing the seller credits you their share of the year, and your lender collects the rest in escrow each month.
Talk to a Tennessee-licensed pro.
Tell us what you are looking to do and where in Tennessee. A licensed pro will call back, usually the same business day. Asking does not start a loan or require a hard credit pull.
Prefer to talk?
248-416-1361
Open 24/7. Ask for your pro by name.
Visit our office
880 W. Long Lake Rd, Suite 300
Troy, Michigan 48098, just off I-75. Free parking.
Licensed and reviewed
Tennessee Mortgage License 218217. NMLS #1925352. Rated 4.9 across 5,400+ Google reviews.