Our tour of the states to see what kind of mortgage rates are available out there continues with a look at Tennessee this time. We’ll begin here at Peak Personal Finance, by look at Nashville and work our way outwards through the state.

Nashville is the capital of Tennessee though it is not the largest city. Its role as the administrative center of the state has enabled the residents to benefit from the standardized mortgage rates. The best home loans in Tennessee are not provided by a single company but are generally ascertained by comparing the rates offered by different financial institutions.

The best home mortgage rates in Tennessee for a 15-year fixed term and a loan amount of $165,000 and a 20% down payment are offered by Advanced Home Funding at an Annual Percentage Rate of 4.373% and a mortgage rate of 4.000%. The APR fees are estimated at $875 with an estimated monthly payment of $1,220. Regions Bank is offering an APR of 4.452% and a mortgage rate of 4.375%. The APR fees are estimated at $847 with an estimated monthly payment of $1,252. SunTrust Bank offers an APR of 4.503% and a mortgage rate of 4.250%. The bank charges APR fees at $847 and estimated monthly payment of $1,252.

Customers looking for best mortgage interest rates for a 30-year fixed term would also find some great offers in this region. Advanced Home lending is offering an APR of 4.855% and mortgage rate of 4.750%. Fees in APR are $675 whereas the estimated monthly payment is $861.

People looking for best mortgage rates in Tennessee can also look into the offers by other companies. SunTrust Bank is offering an APR of 5.012% and mortgage rate of 4.875%. Fees in APR are $506 whereas the estimated monthly payment is $873.