Mortgage Loans


If you’re thinking about purchasing a home, consider joining the TSB Family… Because Home is where the Family is!

Buying a new home should be a pleasant experience.

At TSB, we’d like to help make it that way by taking the stress out of applying for a mortgage loan. Your first step in applying for a mortgage loan with TSB is to call us at 901-525-0384 and ask to speak to one of our mortgage loan officers. Our helpful team of loan officers will provide you with personal service throughout the process, and provide you with the answers you need along the way. They are trained to help you select the terms that are the best solution for your unique situation.

We’d also like to help take the worry out of applying for a mortgage. That’s why we would like you to take our Home BuyAbility Test. It will help you find out how much home is right for you, so you can feel more comfortable when you apply for your mortgage loan with us.

Is Refinancing Right For You?

Generally, it’s a good idea for you to consider refinancing whenever the interest rate for mortgages is more than two percentage points below your present mortgage. You may also apply for a Home Equity Line of Credit in order to improve your existing property or for other major purchase opportunities (contact a tax advisor for further information regarding the deductibility of interest and charges). For more details on one of our mortgage loan options, please speak to our mortgage loan experts at 901-525-0384. Contact us today!

Mortgage Amount4% APR5% APR6% APR7% APR
$60,000 $286$322$360$399
$80,000 $382$429$480$532
$100,000 $477$537$600$665
$120,000 $573$644$719$798
$140,000 $668$751$839$931
$160,000 $764$859$959$1,064
$180,000 $859$966$1,079 $1,198
$200,000 $955$1,074 $1,199 $1,331

Once you know approximately how much home is in your price range, use the guide above or our convenient Mortgage Loan Calculator to estimate your monthly payments based on the principal and interest. Closing costs are normally paid in a lump sum at the time you take out the loan. Other annual costs such as taxes, insurance and mortgage life insurance are also not included on the chart, but may be added to your monthly payments. The above rates are for illustrative purposes only. They are based on the Annual Percentage Rate (APR) indicated for principal and simple interest with a term of 30 years. We offer a variety of mortgage plans.