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General Rate Disclosures
Interest rates and/or loan terms, where shown on this site are not an approval or offer of credit. All loans are subject to qualification based on the lending standards of Local Mortgage Inc. and/or private or governmental investors, security issuers or rating agencies, guarantors and mortgage insurers. Rates are subject to change daily. Your individual qualifications will determine the interest rate you are offered, which may be higher or lower than the interest rates shown. Rates shown are for properties located in Tennessee, unless otherwise stated.
Rates current as of November 26, 2025. All rate quotes are for 30-day rate lock periods.
Conventional Rate Disclosures
Conventional rates assume a 75% loan-to-value for a $375,000 loan amount used to purchase or refinance a single-family primary residence for a borrower with a 780+ credit score.
Conventional second home rates assume a 75% loan-to-value for a $375,000 loan amount used to purchase a single-family residence for a borrower with a 780+ credit score.
Conventional investment property rates assume a 75% loan-to-value for a $225,000 loan amount used to purchase a single-family residence for a borrower with a 780+ credit score.
Conventional cash out rates assume a 75% loan-to-value for a $375,000 loan amount collateralized by a single-family primary residence for a borrower with a 780+ credit score.
FHA/VA/USDA Rate Disclosures
FHA rates assume a 96.5% loan-to value for a $289,500 base loan amount used to purchase a single-family primary residence for a borrower with a 720+ credit score.
Jumbo Rate Disclosures
Jumbo rates assume a 75% loan to value for a $1,000,000 loan amount used to purchase a single-family primary residence for a borrower with a 780+ credit score.
DSCR Rates
DSCR rates assume a 75% loan-to-value for a $225,000 loan amount used to purchase a single-family residence for a borrower with a 780+ credit score.
Home Equity Rate Disclosures
Unless otherwise described, Home Equity Loan rates assume a 75% loan to value for a 15 year $100,000 home equity loan (HELOAN) collateralized by a single-family home for a borrower with a 780+ credit score.
Renovation rates assume a 75% loan-to-value for a $375,000 loan amount used to purchase or refinance a single-family primary residence for a borrower with a 780+ credit score.
Conventional first-time home buyer rates assume a 97% loan-to-value for a $291,000 loan amount used to purchase a single-family primary residence for a borrower with a 780+ credit score and qualifying income of less than 100% of the area's median income. Area media income lookup tool.
VA rates assume a 100% loan-to-value for a $300,000 base loan amount used to purchase a single-family primary residence for a borrower with a 740+ credit score.
USDA rates assume a 100% loan-to-value for a $300,000 base loan amount used to purchase a single-family primary residence for a borrower with a 740+ credit score.
Jumbo second home rates assume a 75% loan to value for a $1,000,000 loan amount used to purchase a single-family second home for a borrower with a 780+ credit score.