JACKSON Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Jackson averaged
6.69%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.52% and
one month ago for the week of 2024-10-03, the
average rate was 6.32%.
Jackson's average rate one year ago was 7.86%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.7%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Jackson 30 Year Fixed Rate | 2024-11-07 | 6.69% |
| Jackson 30 Year Fixed Rate Refi | 2024-11-07 | 7.7% |
| Jackson 15 Year Fixed Rate | 2024-11-07 | 5.9% |
| Jackson 15 Year Fixed Rate Refi | 2024-11-07 | 6.6% |
| Jackson 30 Year FHA | 2024-11-07 | 5.92% |
| Jackson 30 Year FHA Refi | 2024-11-07 | 6.33% |
| Jackson 30 Year USDA | 2024-11-07 | 6.31% |
| Jackson 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Jackson 30 Year VA | 2024-11-07 | 6.47% |
| Jackson 30 Year VA Refi | 2024-11-07 | 6.24% |
JACKSON Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the JACKSON, TN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
JACKSON Average Closing Costs & Other Stats
JACKSON, TN's 114 lenders originated 3,452
loans during 2023. The total origination value was $602,040,000, with an average loan value of
$174,403.
JACKSON's average closing costs are $4,740.
The top JACKSON lender as defined by loan originations is Leaders Credit Union, with
144 loans originated. Their average total fees are
$3,181, which is $1,979
lower than the next largest lender,
MORTGAGE INVESTORS GROUP, INC..
The lowest fee JACKSON lenders (with over 10 loans originated) are
Orion Federal Credit Union ($2,935), Leaders Credit Union ($3,181), Simmons Bank ($3,737), BancorpSouth ($4,133) and Regions Bank ($4,528).
The lowest rate JACKSON lenders (with over 10 loans originated) are
Orion Federal Credit Union (6.29%), MORTGAGE INVESTORS GROUP, INC. (6.59%), FIRST COMMUNITY MORTGAGE, INC. (6.71%), BancorpSouth (6.73%) and Leaders Credit Union (6.76%).
JACKSON, TN Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Leaders Credit Union | $100,210,000 | $87,385,000 | -12.8% | 14.5% |
| MORTGAGE INVESTORS GROUP, INC. | $44,825,000 | $45,320,000 | 1.1% | 7.5% |
| Regions Bank | $50,700,000 | $32,305,000 | -36.3% | 5.4% |
| Simmons Bank | $82,385,000 | $30,380,000 | -63.1% | 5.0% |
| QUICKEN LOANS, LLC | $48,080,000 | $26,870,000 | -44.1% | 4.5% |
| BancorpSouth | $36,015,000 | $24,510,000 | -31.9% | 4.1% |
| Centennial Bank | $28,470,000 | $23,935,000 | -15.9% | 4.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $23,355,000 | $23,895,000 | 2.3% | 4.0% |
| FirstBank | $42,135,000 | $17,485,000 | -58.5% | 2.9% |
| Mortgage Research Center, LLC | $16,660,000 | $16,285,000 | -2.3% | 2.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $11,370,000 | $14,075,000 | 23.8% | 2.3% |
| COMMUNITY BANK | $19,000,000 | $13,430,000 | -29.3% | 2.2% |
| Commercial Bank & Trust Co. | $27,750,000 | $11,385,000 | -59.0% | 1.9% |
| First Citizens National Bank | $9,080,000 | $8,780,000 | -3.3% | 1.5% |
| PENNYMAC LOAN SERVICES, LLC | $11,755,000 | $6,435,000 | -45.3% | 1.1% |
| McKenzie Banking Company | $5,795,000 | n/a | 1.0% | |
| NAVY FEDERAL CREDIT UNION | $2,955,000 | $5,250,000 | 77.7% | 0.9% |
| Bank of England | $7,490,000 | $5,185,000 | -30.8% | 0.9% |
| First Horizon Bank | $8,485,000 | $5,045,000 | -40.5% | 0.8% |
| Carroll Bank and Trust | $6,435,000 | $4,900,000 | -23.9% | 0.8% |
| BANK OF CROCKETT | $4,870,000 | n/a | 0.8% | |
| FREEDOM MORTGAGE CORPORATION | $6,725,000 | $4,550,000 | -32.3% | 0.8% |
| MID AMERICA MORTGAGE, INC. | $4,750,000 | $4,265,000 | -10.2% | 0.7% |
| STOCKTON MORTGAGE CORPORATION | $6,980,000 | $4,115,000 | -41.0% | 0.7% |
| CMG MORTGAGE, INC. | $2,080,000 | $4,095,000 | 96.9% | 0.7% |
| THE PEOPLES BANK | $4,010,000 | n/a | 0.7% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,580,000 | $3,870,000 | 50.0% | 0.6% |
| EVERETT FINANCIAL, INC. | $4,860,000 | $3,815,000 | -21.5% | 0.6% |
| 21ST MORTGAGE CORPORATION | $2,135,000 | $3,810,000 | 78.5% | 0.6% |
| Orion Federal Credit Union | $1,385,000 | $3,595,000 | 159.6% | 0.6% |
| Decatur County Bank | $3,290,000 | n/a | 0.5% | |
| INSOUTH Bank | $2,185,000 | $2,965,000 | 35.7% | 0.5% |
| FIRST SOUTH FINANCIAL | $1,710,000 | $2,760,000 | 61.4% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,965,000 | $2,665,000 | 35.6% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,485,000 | $2,600,000 | -52.6% | 0.4% |
| ORNL Federal Credit Union | $2,505,000 | n/a | 0.4% | |
| NEW DAY FINANCIAL, LLC | $1,990,000 | $2,480,000 | 24.6% | 0.4% |
| The Federal Savings Bank | $1,010,000 | $2,425,000 | 140.1% | 0.4% |
| Farm Credit Mid-America, ACA | $4,835,000 | $2,380,000 | -50.8% | 0.4% |
| The Bank of Jackson | $2,315,000 | n/a | 0.4% | |
| JPMorgan Chase Bank | $3,985,000 | $2,140,000 | -46.3% | 0.4% |
| GUARANTEED RATE, INC. | $985,000 | $2,060,000 | 109.1% | 0.3% |
| NEWREZ LLC | $1,380,000 | $2,005,000 | 45.3% | 0.3% |
| USAA Federal Savings Bank | $3,470,000 | $2,005,000 | -42.2% | 0.3% |
| VILLAGE CAPITAL MORTGAGE | $515,000 | $1,975,000 | 283.5% | 0.3% |
| BROKER SOLUTIONS, INC. | $2,615,000 | $1,955,000 | -25.2% | 0.3% |
| Charles Schwab Bank, SSB | $1,925,000 | n/a | 0.3% | |
| Paramount Residential Mortgage Group, Inc. | $1,810,000 | $1,925,000 | 6.4% | 0.3% |
| The First National Bank of Middle Tennessee | $2,665,000 | $1,915,000 | -28.1% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $3,185,000 | $1,865,000 | -41.4% | 0.3% |
| Citizens Bank | $1,165,000 | $1,720,000 | 47.6% | 0.3% |
| Carrington Mortgage Services, LLC | $3,580,000 | $1,700,000 | -52.5% | 0.3% |
| LOANDEPOT.COM, LLC | $7,905,000 | $1,690,000 | -78.6% | 0.3% |
| CARDINAL FINANCIAL | $3,520,000 | $1,680,000 | -52.3% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,775,000 | $1,660,000 | -6.5% | 0.3% |
| Plains Commerce Bank | $325,000 | $1,640,000 | 404.6% | 0.3% |
| COMMUNITY MORTGAGE CORPORATION | $1,600,000 | $1,630,000 | 1.9% | 0.3% |
| RELIANCE FIRST CAPITAL, LLC | $650,000 | $1,505,000 | 131.5% | 0.2% |
| LEADERONE FINANCIAL CORPORATION | $1,805,000 | $1,365,000 | -24.4% | 0.2% |
| Equity Prime Mortgage LLC | $1,695,000 | $1,350,000 | -20.4% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $1,000,000 | $1,310,000 | 31.0% | 0.2% |
| Wells Fargo Bank | $7,955,000 | $1,250,000 | -84.3% | 0.2% |
| MORTGAGE ACCESS CORP. | $1,220,000 | n/a | 0.2% | |
| Legends Bank | $1,495,000 | $1,200,000 | -19.7% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,415,000 | $1,200,000 | -15.2% | 0.2% |
| CB&S Bank, Inc. | $645,000 | $1,095,000 | 69.8% | 0.2% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $490,000 | $1,085,000 | 121.4% | 0.2% |
| EVANSVILLE TEACHERS | $270,000 | $1,045,000 | 287.0% | 0.2% |
| PREMIA MORTGAGE, LLC | $1,045,000 | $1,005,000 | -3.8% | 0.2% |
| Capitol Federal Savings Bank | $115,000 | $975,000 | 747.8% | 0.2% |
| LENDINGONE, LLC | $975,000 | n/a | 0.2% | |
| F&M Bank | $340,000 | $960,000 | 182.4% | 0.2% |
| LOANPAL, LLC | $445,000 | $935,000 | 110.1% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $600,000 | $935,000 | 55.8% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $720,000 | $920,000 | 27.8% | 0.2% |
| U.S. Bank | $1,815,000 | $875,000 | -51.8% | 0.1% |
| Fifth Third Bank | $80,000 | $840,000 | 950.0% | 0.1% |
| AmeriHome Mortgage Company, LLC | $1,380,000 | $790,000 | -42.8% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $1,485,000 | $790,000 | -46.8% | 0.1% |
| ISERVE RESIDENTIAL LENDING, LLC | $345,000 | $785,000 | 127.5% | 0.1% |
| Renasant Bank | $2,560,000 | $785,000 | -69.3% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $205,000 | $755,000 | 268.3% | 0.1% |
| Logan Finance Corporation | $750,000 | n/a | 0.1% | |
| Discover Bank | $885,000 | $735,000 | -16.9% | 0.1% |
| Pinnacle Bank | $1,500,000 | $735,000 | -51.0% | 0.1% |
| Bank of America | $530,000 | $720,000 | 35.8% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,570,000 | $715,000 | -54.5% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $560,000 | $695,000 | 24.1% | 0.1% |
| BankTennessee | $480,000 | $680,000 | 41.7% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $880,000 | $680,000 | -22.7% | 0.1% |
| Patriot Bank | $870,000 | $680,000 | -21.8% | 0.1% |
| PLANET HOME LENDING, LLC | $900,000 | $670,000 | -25.6% | 0.1% |
| SIRVA MORTGAGE, INC. | $835,000 | $650,000 | -22.2% | 0.1% |
| Brighton Bank | $2,285,000 | $645,000 | -71.8% | 0.1% |
| Franklin Loan Corporation | $645,000 | n/a | 0.1% | |
| NBKC BANK | $630,000 | $635,000 | 0.8% | 0.1% |
| Flagstar Bank, FSB | $1,095,000 | $625,000 | -42.9% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $865,000 | $625,000 | -27.7% | 0.1% |
| BETTER MORTGAGE CORPORATION | $1,410,000 | $620,000 | -56.0% | 0.1% |
| ZILLOW HOME LOANS, LLC | $430,000 | $610,000 | 41.9% | 0.1% |
| First Commercial Bank | $1,800,000 | $590,000 | -67.2% | 0.1% |
| RUOFF MORTGAGE COMPANY, INC. | $545,000 | $590,000 | 8.3% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $2,140,000 | $575,000 | -73.1% | 0.1% |
| Morgan Stanley Private Bank | $325,000 | $565,000 | 73.8% | 0.1% |
| THE MORTGAGE FIRM, INC. | $165,000 | $565,000 | 242.4% | 0.1% |
| Assurance Financial Group, L.L.C. | $560,000 | n/a | 0.1% | |
| Deere Employees Credit Union | $125,000 | $555,000 | 344.0% | 0.1% |
| EMM LOANS LLC | $555,000 | n/a | 0.1% | |
| Figure Lending LLC | $455,000 | $555,000 | 22.0% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $565,000 | $545,000 | -3.5% | 0.1% |
| SWBC MORTGAGE CORPORATION | $1,195,000 | $505,000 | -57.7% | 0.1% |
| Evolve Bank & Trust | $1,000,000 | $500,000 | -50.0% | 0.1% |
| GENEVA FINANCIAL, LLC | $560,000 | $500,000 | -10.7% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $495,000 | n/a | 0.1% | |
| NP, Inc. | $85,000 | $495,000 | 482.4% | 0.1% |
| Truist | $1,695,000 | $480,000 | -71.7% | 0.1% |
| TJC Mortgage, Inc. | $475,000 | n/a | 0.1% | |
| HomePromise Corporation | $470,000 | n/a | 0.1% | |
| Cornerstone First Mortgage, Inc | $275,000 | $455,000 | 65.5% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $445,000 | n/a | 0.1% | |
| Trustmark National Bank | $1,255,000 | $435,000 | -65.3% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $95,000 | $425,000 | 347.4% | 0.1% |
| TriStar Bank | $845,000 | $425,000 | -49.7% | 0.1% |
| SUMMIT FUNDING, INC. | $415,000 | n/a | 0.1% | |
| The Bank of Fayette County | $960,000 | $415,000 | -56.8% | 0.1% |
| V.I.P. MORTGAGE, INC. | $415,000 | n/a | 0.1% | |
| The Paducah Bank and Trust Company | $215,000 | $410,000 | 90.7% | 0.1% |
| Mid-Continent Funding, Inc. | $400,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $795,000 | $385,000 | -51.6% | 0.1% |
| CANOPY MORTGAGE, LLC | $420,000 | $385,000 | -8.3% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $590,000 | $380,000 | -35.6% | 0.1% |
| ENVOY MORTGAGE, LTD | $375,000 | n/a | 0.1% | |
| Magnolia Bank | $510,000 | $375,000 | -26.5% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $275,000 | $375,000 | 36.4% | 0.1% |
| United Community Bank | $255,000 | $375,000 | 47.1% | 0.1% |
| Arvest Bank | $780,000 | $370,000 | -52.6% | 0.1% |
| ACOPIA, LLC | $365,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $590,000 | $365,000 | -38.1% | 0.1% |
| First State Bank | $355,000 | n/a | 0.1% | |
| JMJ FINANCIAL GROUP | $355,000 | n/a | 0.1% | |
| BARTLETT MORTGAGE, INC. | $540,000 | $350,000 | -35.2% | 0.1% |
| Commerce Home Mortgage, Inc. | $345,000 | n/a | 0.1% | |
| FBC MORTGAGE, LLC | $335,000 | n/a | 0.1% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $605,000 | $335,000 | -44.6% | 0.1% |
| AMWEST FUNDING CORP. | $215,000 | $325,000 | 51.2% | 0.1% |
| POLARIS HOME FUNDING CORP. | $325,000 | n/a | 0.1% | |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $315,000 | n/a | 0.1% | |
| The Huntington National Bank | $310,000 | n/a | 0.1% | |
| ChoiceOne Bank | $305,000 | n/a | 0.1% | |
| Coastal Community Bank | $305,000 | n/a | 0.1% | |
| First National Bank of Pennsylvania | $305,000 | n/a | 0.1% | |
| ENDEAVOR CAPITAL, LLC. | $215,000 | $295,000 | 37.2% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $2,995,000 | $295,000 | -90.2% | 0.0% |
| TOWER COMMUNITY BANK | $290,000 | n/a | 0.0% | |
| UNION HOME MORTGAGE CORP. | $540,000 | $290,000 | -46.3% | 0.0% |
| AMERICAN FINANCING CORPORATION | $485,000 | $285,000 | -41.2% | 0.0% |
| FLAT BRANCH MORTGAGE, INC. | $285,000 | n/a | 0.0% | |
| LOANPEOPLE, LLC | $285,000 | n/a | 0.0% | |
| VAN DYK MORTGAGE CORPORATION | $285,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $95,000 | $275,000 | 189.5% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $1,005,000 | $270,000 | -73.1% | 0.0% |
| Ameris Bank | $265,000 | n/a | 0.0% | |
| Eagle Bank and Trust Company | $265,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $275,000 | $265,000 | -3.6% | 0.0% |
| Northwest Bank | $265,000 | n/a | 0.0% | |
| The Monticello Banking Company | $265,000 | n/a | 0.0% | |
| AMCAP MORTGAGE, LTD. | $165,000 | $260,000 | 57.6% | 0.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $515,000 | $255,000 | -50.5% | 0.0% |
| SOUTHEAST MORTGAGE OF GEORGIA, INC. | $255,000 | n/a | 0.0% | |
| PNC Bank | $1,610,000 | $240,000 | -85.1% | 0.0% |
| Midland States Bank | $235,000 | n/a | 0.0% | |
| GMFS LLC | $225,000 | n/a | 0.0% | |
| NexBank | $205,000 | $225,000 | 9.8% | 0.0% |
| LIMA ONE CAPITAL, LLC | $250,000 | $220,000 | -12.0% | 0.0% |
| COMPASS MORTGAGE, INC. | $215,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $590,000 | $215,000 | -63.6% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $410,000 | $215,000 | -47.6% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $165,000 | $210,000 | 27.3% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $205,000 | n/a | 0.0% | |
| NFM, INC. | $200,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $730,000 | $200,000 | -72.6% | 0.0% |
| First Community Bank | $195,000 | n/a | 0.0% | |
| MILEND, INC. | $195,000 | n/a | 0.0% | |
| BOKF | $185,000 | n/a | 0.0% | |
| M&T Bank | $280,000 | $185,000 | -33.9% | 0.0% |
| Peoples Bank | $275,000 | $185,000 | -32.7% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $165,000 | $185,000 | 12.1% | 0.0% |
| BANK OF LITTLE ROCK MORTGAGE CORPORATION | $180,000 | n/a | 0.0% | |
| AMERICAN MORTGAGE SERVICES INCORPORATED | $500,000 | $175,000 | -65.0% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $175,000 | n/a | 0.0% | |
| Franklin Bank & Trust Company | $175,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $175,000 | n/a | 0.0% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $155,000 | n/a | 0.0% | |
| SOUTHWEST STAGE FUNDING, LLC | $780,000 | $155,000 | -80.1% | 0.0% |
| STATE EMPLOYEES' | $155,000 | n/a | 0.0% | |
| CORNERSTONE HOME LENDING, INC. | $315,000 | $145,000 | -54.0% | 0.0% |
| Prosperity Home Mortgage, LLC | $145,000 | n/a | 0.0% | |
| SeaTrust Mortgage Company | $145,000 | n/a | 0.0% | |
| Baxter Credit Union | $170,000 | $140,000 | -17.6% | 0.0% |
| U. T. | $715,000 | $135,000 | -81.1% | 0.0% |
| AMERITRUST MORTGAGE CORPORATION | $125,000 | n/a | 0.0% | |
| Bank Five Nine | $125,000 | n/a | 0.0% | |
| Bank of Tennessee | $125,000 | n/a | 0.0% | |
| FirstTrust Home Loans, Inc. | $125,000 | n/a | 0.0% | |
| GUILD MORTGAGE COMPANY | $125,000 | n/a | 0.0% | |
| Nations Lending Corporation | $1,190,000 | $125,000 | -89.5% | 0.0% |
| OCMBC, INC. | $105,000 | n/a | 0.0% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $105,000 | n/a | 0.0% | |
| Peoples Bank | $275,000 | $95,000 | -65.5% | 0.0% |
| Apex Bank | $100,000 | $75,000 | -25.0% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $320,000 | $75,000 | -76.6% | 0.0% |
| CRESCENT MORTGAGE COMPANY | $75,000 | n/a | 0.0% | |
| EASTMAN | $75,000 | $75,000 | 0.0% | 0.0% |
| First National Bank | $75,000 | n/a | 0.0% | |
| First National Bank of America | $75,000 | n/a | 0.0% | |
| Paragon Bank | $75,000 | n/a | 0.0% | |
| CANVAS CREDIT UNION | $65,000 | n/a | 0.0% | |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $255,000 | $65,000 | -74.5% | 0.0% |
| JOHNSONVILLE TVA EMPLOYEES CREDIT UNION | $65,000 | n/a | 0.0% | |
| Southeast Financial Credit Union | $375,000 | $60,000 | -84.0% | 0.0% |
| CIS Financial Services, Inc. | $55,000 | n/a | 0.0% | |
| Notre Dame Federal Credit Union Corporation | $55,000 | n/a | 0.0% | |
| CU COMMUNITY, LLC | $485,000 | $45,000 | -90.7% | 0.0% |
| DELMAR FINANCIAL COMPANY | $45,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% | |
| The Bank of Holly Springs | $1,170,000 | $25,000 | -97.9% | 0.0% |
| ASCEND FEDERAL CREDIT UNION | $250,000 | $15,000 | -94.0% | 0.0% |
JACKSON's top lender by overall market share is Leaders Credit Union, with 14.5% market share. In second place, with 7.5%, is MORTGAGE INVESTORS GROUP, INC., having originated $45,320,000 in loans. In third place, with 5.4%, is Regions Bank, having originated $32,305,000 in loans. In fourth place, with 5.0%, is Simmons Bank, having originated $30,380,000 in loans. In fifth place, with 4.5%, is QUICKEN LOANS, LLC, having originated $26,870,000 in loans.
JACKSON, TN Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 38006 | Jackson, TN HUD Metro FMR Area | $620 | $640 | $840 | $1,060 | $1,410 |
| 38044 | Jackson, TN HUD Metro FMR Area | $510 | $590 | $770 | $1,050 | $1,050 |
| 38301 | Jackson, TN HUD Metro FMR Area | $590 | $670 | $880 | $1,190 | $1,200 |
| 38302 | Jackson, TN HUD Metro FMR Area | $640 | $720 | $950 | $1,290 | $1,290 |
| 38303 | Jackson, TN HUD Metro FMR Area | $640 | $720 | $950 | $1,290 | $1,290 |
| 38305 | Jackson, TN HUD Metro FMR Area | $700 | $800 | $1,050 | $1,420 | $1,430 |
| 38308 | Jackson, TN HUD Metro FMR Area | $640 | $720 | $950 | $1,290 | $1,290 |
| 38313 | Jackson, TN HUD Metro FMR Area | $550 | $620 | $820 | $1,110 | $1,110 |
| 38315 | Jackson, TN HUD Metro FMR Area | $510 | $590 | $770 | $1,050 | $1,050 |
| 38332 | Jackson, TN HUD Metro FMR Area | $510 | $590 | $770 | $1,050 | $1,050 |
| 38334 | Jackson, TN HUD Metro FMR Area | $510 | $590 | $770 | $1,050 | $1,050 |
| 38340 | Jackson, TN HUD Metro FMR Area | $530 | $600 | $790 | $1,070 | $1,070 |
| 38343 | Jackson, TN HUD Metro FMR Area | $580 | $630 | $790 | $1,090 | $1,310 |
| 38345 | Jackson, TN HUD Metro FMR Area | $510 | $590 | $770 | $1,050 | $1,050 |
| 38347 | Jackson, TN HUD Metro FMR Area | $660 | $750 | $990 | $1,340 | $1,350 |
| 38348 | Jackson, TN HUD Metro FMR Area | $620 | $700 | $910 | $1,240 | $1,290 |
| 38351 | Jackson, TN HUD Metro FMR Area | $640 | $720 | $950 | $1,290 | $1,290 |
| 38352 | Jackson, TN HUD Metro FMR Area | $560 | $630 | $830 | $1,130 | $1,130 |
| 38355 | Jackson, TN HUD Metro FMR Area | $760 | $830 | $1,040 | $1,440 | $1,720 |
| 38356 | Jackson, TN HUD Metro FMR Area | $510 | $590 | $770 | $1,050 | $1,050 |
| 38359 | Jackson, TN HUD Metro FMR Area | $510 | $590 | $770 | $1,050 | $1,050 |
| 38362 | Jackson, TN HUD Metro FMR Area | $820 | $930 | $1,230 | $1,670 | $1,670 |
| 38366 | Jackson, TN HUD Metro FMR Area | $560 | $640 | $840 | $1,140 | $1,140 |
| 38368 | Jackson, TN HUD Metro FMR Area | $510 | $590 | $770 | $1,050 | $1,050 |
| 38371 | Jackson, TN HUD Metro FMR Area | $510 | $590 | $770 | $1,050 | $1,050 |
| 38391 | Jackson, TN HUD Metro FMR Area | $510 | $590 | $770 | $1,050 | $1,050 |
| 38392 | Jackson, TN HUD Metro FMR Area | $510 | $590 | $770 | $1,050 | $1,050 |
2022 Average & Median Rent Data Statistics
JACKSON, TN average 1BR rent: $660, median: $630
JACKSON, TN average 2BR rent: $862, median: $820
JACKSON, TN average 3BR rent: $1,171, median: $1,090
JACKSON, TN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,883 | $408,315,000 | $216,843 |
| Refi | 498 | $75,790,000 | $152,189 |
| Cash Out Refi | 396 | $65,870,000 | $166,338 |
| Home Improvement | 345 | $25,405,000 | $73,638 |
| Other | 330 | $26,660,000 | $80,788 |
Jackson's most frequently cited loan purpose was Home Purchase, with 1,883 originations. The 2nd most popular reason was Refi, with 498 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 947 | $209,885,000 | $221,631 |
| Over 8% | 731 | $67,785,000 | $92,729 |
| 7-8% | 649 | $120,675,000 | $185,940 |
| 5-6% | 435 | $93,155,000 | $214,149 |
| <2.5% | 54 | $330,000 | $6,111 |
| 4-5% | 35 | $7,185,000 | $205,286 |
| 2.5-3% | 7 | $1,075,000 | $153,571 |
| 3-4% | 3 | $585,000 | $195,000 |
During 2023, Jackson's most frequently originated rate bucket was 6-7%, with 947 originations.
Loan Sizing (JACKSON, TN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 1,159 | $58,985,000 | $50,893 |
| $100k-200k | 1,143 | $168,305,000 | $147,248 |
| $200k-400k | 966 | $261,460,000 | $270,663 |
| $400k-600k | 134 | $62,150,000 | $463,806 |
| $600k-1000k | 36 | $27,050,000 | $751,389 |
| $Over $1MM | 14 | $24,090,000 | $1,720,714 |
JACKSON's loan sizing saw the bucket of loans from $100,000 or less with 1,159 originations, totaling $58,985,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,223 | $285,955,000 | $233,814 |
| 60-80% | 526 | $114,330,000 | $217,357 |
| Under 20% | 420 | $12,860,000 | $30,619 |
| 20-40% | 381 | $32,215,000 | $84,554 |
| 40-60% | 259 | $40,435,000 | $156,120 |
| Over 100% | 51 | $14,135,000 | $277,157 |
JACKSON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,223 originations, totaling $285,955,000 in origination value.