JACKSON Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Jackson averaged
7.12%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.15% and
one month ago for the week of 2025-05-15, the
average rate was 6.82%.
Jackson's average rate one year ago was 6.86%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.35%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Jackson 30 Year Fixed Rate | 2025-06-18 | 7.12% |
| Jackson 30 Year Fixed Rate Refi | 2025-06-18 | 7.35% |
| Jackson 15 Year Fixed Rate | 2025-06-18 | 6.06% |
| Jackson 15 Year Fixed Rate Refi | 2025-06-18 | 5.86% |
| Jackson 30 Year FHA | 2025-06-18 | 0.18% |
| Jackson 30 Year FHA Refi | 2025-06-18 | -0.2% |
| Jackson 30 Year USDA | 2025-06-18 | 0.03% |
| Jackson 30 Year USDA Refi | 2025-06-18 | 0.2% |
| Jackson 30 Year VA | 2025-06-18 | 0.34% |
| Jackson 30 Year VA Refi | 2025-06-18 | -0.72% |
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 107 lenders originated 3,712
loans during 2024. The total origination value was $698,570,000, with an average loan value of
$188,192.
JACKSON's average closing costs are $4,973.
The top JACKSON lender as defined by loan originations is Leaders Credit Union, with
201 loans originated. Their average total fees are
$2,986, which is $1,804
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 ($2,828), Leaders Credit Union ($2,986), BancorpSouth ($4,334), FirstBank ($4,344) and Regions Bank ($4,374).
The lowest rate JACKSON lenders (with over 10 loans originated) are
First Horizon Bank (6.51%), Orion Federal Credit Union (6.54%), UNITED WHOLESALE MORTGAGE, LLC (6.58%), MORTGAGE INVESTORS GROUP, INC. (6.59%) and FIRST COMMUNITY MORTGAGE, INC. (6.64%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Leaders Credit Union | $87,385,000 | $106,790,000 | 22.2% | 15.3% |
| MORTGAGE INVESTORS GROUP, INC. | $45,320,000 | $37,955,000 | -16.3% | 5.4% |
| QUICKEN LOANS, LLC | $26,870,000 | $35,465,000 | 32.0% | 5.1% |
| Regions Bank | $32,305,000 | $34,210,000 | 5.9% | 4.9% |
| Centennial Bank | $23,935,000 | $31,755,000 | 32.7% | 4.5% |
| FIRST COMMUNITY MORTGAGE, INC. | $23,895,000 | $31,665,000 | 32.5% | 4.5% |
| BancorpSouth | $24,510,000 | $29,070,000 | 18.6% | 4.2% |
| Simmons Bank | $30,380,000 | $26,705,000 | -12.1% | 3.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $14,075,000 | $23,300,000 | 65.5% | 3.3% |
| Commercial Bank & Trust Co. | $11,385,000 | $21,925,000 | 92.6% | 3.1% |
| Mortgage Research Center, LLC | $16,285,000 | $18,290,000 | 12.3% | 2.6% |
| FirstBank | $17,485,000 | $17,575,000 | 0.5% | 2.5% |
| COMMUNITY BANK | $13,430,000 | $10,655,000 | -20.7% | 1.5% |
| BANK OF CROCKETT | $4,870,000 | $10,310,000 | 111.7% | 1.5% |
| COREVEST AMERICAN FINANCE LENDER LLC | $9,420,000 | n/a | 1.3% | |
| FREEDOM MORTGAGE CORPORATION | $4,550,000 | $9,005,000 | 97.9% | 1.3% |
| Farm Credit Mid-America, ACA | $2,380,000 | $7,465,000 | 213.7% | 1.1% |
| First Horizon Bank | $5,045,000 | $7,250,000 | 43.7% | 1.0% |
| First Citizens National Bank | $8,780,000 | $7,055,000 | -19.6% | 1.0% |
| Legends Bank | $1,200,000 | $6,500,000 | 441.7% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $6,435,000 | $6,040,000 | -6.1% | 0.9% |
| Decatur County Bank | $3,290,000 | $5,730,000 | 74.2% | 0.8% |
| Bank of England | $5,185,000 | $5,385,000 | 3.9% | 0.8% |
| Carroll Bank and Trust | $4,900,000 | $5,375,000 | 9.7% | 0.8% |
| MID AMERICA MORTGAGE, INC. | $4,265,000 | $5,085,000 | 19.2% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $5,250,000 | $5,035,000 | -4.1% | 0.7% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $3,870,000 | $4,680,000 | 20.9% | 0.7% |
| USAA Federal Savings Bank | $2,005,000 | $4,490,000 | 123.9% | 0.6% |
| Orion Federal Credit Union | $3,595,000 | $4,340,000 | 20.7% | 0.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,660,000 | $4,210,000 | 153.6% | 0.6% |
| JPMorgan Chase Bank | $2,140,000 | $4,110,000 | 92.1% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,600,000 | $3,830,000 | 47.3% | 0.5% |
| The First National Bank of Middle Tennessee | $1,915,000 | $3,665,000 | 91.4% | 0.5% |
| McKenzie Banking Company | $5,795,000 | $3,350,000 | -42.2% | 0.5% |
| THE PEOPLES BANK | $4,010,000 | $3,290,000 | -18.0% | 0.5% |
| FIRST SOUTH FINANCIAL | $2,760,000 | $3,045,000 | 10.3% | 0.4% |
| CMG MORTGAGE, INC. | $4,095,000 | $3,030,000 | -26.0% | 0.4% |
| LOANDEPOT.COM, LLC | $1,690,000 | $2,975,000 | 76.0% | 0.4% |
| NEWREZ LLC | $2,005,000 | $2,800,000 | 39.7% | 0.4% |
| BROKER SOLUTIONS, INC. | $1,955,000 | $2,445,000 | 25.1% | 0.4% |
| RELIANCE FIRST CAPITAL, LLC | $1,505,000 | $2,345,000 | 55.8% | 0.3% |
| VILLAGE CAPITAL MORTGAGE | $1,975,000 | $2,115,000 | 7.1% | 0.3% |
| Plains Commerce Bank | $1,640,000 | $2,090,000 | 27.4% | 0.3% |
| 21ST MORTGAGE CORPORATION | $3,810,000 | $2,080,000 | -45.4% | 0.3% |
| Wells Fargo Bank | $1,250,000 | $2,045,000 | 63.6% | 0.3% |
| LOANPAL, LLC | $935,000 | $1,920,000 | 105.3% | 0.3% |
| Carrington Mortgage Services, LLC | $1,700,000 | $1,845,000 | 8.5% | 0.3% |
| Patriot Bank | $680,000 | $1,790,000 | 163.2% | 0.3% |
| INSOUTH Bank | $2,965,000 | $1,755,000 | -40.8% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,665,000 | $1,715,000 | -35.6% | 0.2% |
| ORIX REAL ESTATE CAPITAL, LLC | $1,705,000 | n/a | 0.2% | |
| U.S. Bank | $875,000 | $1,670,000 | 90.9% | 0.2% |
| Equity Prime Mortgage LLC | $1,350,000 | $1,640,000 | 21.5% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $1,310,000 | $1,615,000 | 23.3% | 0.2% |
| Brighton Bank | $645,000 | $1,540,000 | 138.8% | 0.2% |
| AmeriHome Mortgage Company, LLC | $790,000 | $1,530,000 | 93.7% | 0.2% |
| EVERETT FINANCIAL, INC. | $3,815,000 | $1,520,000 | -60.2% | 0.2% |
| DHI MORTGAGE COMPANY, LTD. | $1,455,000 | n/a | 0.2% | |
| CARDINAL FINANCIAL | $1,680,000 | $1,440,000 | -14.3% | 0.2% |
| Ixonia Bank | $1,420,000 | n/a | 0.2% | |
| NEW DAY FINANCIAL, LLC | $2,480,000 | $1,415,000 | -42.9% | 0.2% |
| American Mortgage & Equity Consultants, Inc. | $445,000 | $1,370,000 | 207.9% | 0.2% |
| Figure Lending LLC | $555,000 | $1,350,000 | 143.2% | 0.2% |
| Citizens Bank | $1,720,000 | $1,340,000 | -22.1% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,335,000 | n/a | 0.2% | |
| DELMAR FINANCIAL COMPANY | $45,000 | $1,305,000 | 2,800.0% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $790,000 | $1,300,000 | 64.6% | 0.2% |
| PLANET HOME LENDING, LLC | $670,000 | $1,255,000 | 87.3% | 0.2% |
| GUARANTEED RATE, INC. | $2,060,000 | $1,250,000 | -39.3% | 0.2% |
| Discover Bank | $735,000 | $1,240,000 | 68.7% | 0.2% |
| Pinnacle Bank | $735,000 | $1,175,000 | 59.9% | 0.2% |
| The Federal Savings Bank | $2,425,000 | $1,150,000 | -52.6% | 0.2% |
| UNION HOME MORTGAGE CORP. | $290,000 | $1,145,000 | 294.8% | 0.2% |
| First National Bank of Pennsylvania | $305,000 | $1,100,000 | 260.7% | 0.2% |
| The Bank of Fayette County | $415,000 | $1,090,000 | 162.7% | 0.2% |
| PREMIA MORTGAGE, LLC | $1,005,000 | $1,055,000 | 5.0% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $1,925,000 | $1,010,000 | -47.5% | 0.1% |
| STOCKTON MORTGAGE CORPORATION | $4,115,000 | $1,005,000 | -75.6% | 0.1% |
| CB&S Bank, Inc. | $1,095,000 | $985,000 | -10.0% | 0.1% |
| Hometown Equity Mortgage, LLC | $265,000 | $955,000 | 260.4% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $1,865,000 | $945,000 | -49.3% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $365,000 | $920,000 | 152.1% | 0.1% |
| MILEND, INC. | $195,000 | $915,000 | 369.2% | 0.1% |
| ASCEND FEDERAL CREDIT UNION | $15,000 | $875,000 | 5,733.3% | 0.1% |
| First Federal Bank | $850,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $835,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $270,000 | $830,000 | 207.4% | 0.1% |
| Flagstar Bank, FSB | $625,000 | $815,000 | 30.4% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $575,000 | $810,000 | 40.9% | 0.1% |
| Magnolia Bank | $375,000 | $800,000 | 113.3% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $920,000 | $755,000 | -17.9% | 0.1% |
| Bell Bank | $745,000 | n/a | 0.1% | |
| First Commercial Bank | $590,000 | $730,000 | 23.7% | 0.1% |
| First Savings Bank | $730,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $695,000 | $700,000 | 0.7% | 0.1% |
| AMERICAN MORTGAGE SERVICES INCORPORATED | $175,000 | $690,000 | 294.3% | 0.1% |
| SIRVA MORTGAGE, INC. | $650,000 | $680,000 | 4.6% | 0.1% |
| MORTGAGE ACCESS CORP. | $1,220,000 | $655,000 | -46.3% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $650,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $210,000 | $645,000 | 207.1% | 0.1% |
| Cornerstone First Mortgage, Inc | $455,000 | $640,000 | 40.7% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $385,000 | $630,000 | 63.6% | 0.1% |
| GMFS LLC | $225,000 | $630,000 | 180.0% | 0.1% |
| AMWEST FUNDING CORP. | $325,000 | $625,000 | 92.3% | 0.1% |
| Deere Employees Credit Union | $555,000 | $625,000 | 12.6% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $155,000 | $625,000 | 303.2% | 0.1% |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $620,000 | n/a | 0.1% | |
| Strong Home Mortgage, LLC | $615,000 | n/a | 0.1% | |
| PNC Bank | $240,000 | $605,000 | 152.1% | 0.1% |
| PHH Mortgage Corporation | $200,000 | $600,000 | 200.0% | 0.1% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $600,000 | n/a | 0.1% | |
| Gateway First Bank | $595,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $380,000 | $585,000 | 53.9% | 0.1% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $105,000 | $585,000 | 457.1% | 0.1% |
| SeaTrust Mortgage Company | $145,000 | $585,000 | 303.4% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $550,000 | n/a | 0.1% | |
| Texana Bank | $520,000 | n/a | 0.1% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $510,000 | n/a | 0.1% | |
| ENDEAVOR CAPITAL, LLC. | $295,000 | $505,000 | 71.2% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,200,000 | $505,000 | -57.9% | 0.1% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $495,000 | n/a | 0.1% | |
| Renasant Bank | $785,000 | $490,000 | -37.6% | 0.1% |
| First-Citizens Bank & Trust Company | $485,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $715,000 | $465,000 | -35.0% | 0.1% |
| Coastal Community Bank | $305,000 | $460,000 | 50.8% | 0.1% |
| Fifth Third Bank | $840,000 | $450,000 | -46.4% | 0.1% |
| Legacy Home Loans, LLC | $445,000 | n/a | 0.1% | |
| LENDINGONE, LLC | $975,000 | $440,000 | -54.9% | 0.1% |
| CU COMMUNITY, LLC | $45,000 | $435,000 | 866.7% | 0.1% |
| RF Renovo Management Company, LLC | $400,000 | n/a | 0.1% | |
| GUILD MORTGAGE COMPANY | $125,000 | $395,000 | 216.0% | 0.1% |
| INTELLILOAN, INC. | $395,000 | n/a | 0.1% | |
| One Bank of Tennessee | $395,000 | n/a | 0.1% | |
| US COMMUNITY | $395,000 | n/a | 0.1% | |
| Ally Bank | $375,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $680,000 | $375,000 | -44.9% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $365,000 | n/a | 0.1% | |
| Core Bank | $365,000 | n/a | 0.1% | |
| The Huntington National Bank | $310,000 | $365,000 | 17.7% | 0.1% |
| FIRST STATE MORTGAGE SERVICES, LLC | $360,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $185,000 | $360,000 | 94.6% | 0.1% |
| Community Bank of Mississippi | $355,000 | n/a | 0.1% | |
| Bank of Cleveland | $345,000 | n/a | 0.0% | |
| NJ LENDERS CORP. | $335,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $275,000 | $325,000 | 18.2% | 0.0% |
| Bank of America | $720,000 | $315,000 | -56.3% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $545,000 | $315,000 | -42.2% | 0.0% |
| CANOPY MORTGAGE, LLC | $385,000 | $310,000 | -19.5% | 0.0% |
| BETTER MORTGAGE CORPORATION | $620,000 | $305,000 | -50.8% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $295,000 | $300,000 | 1.7% | 0.0% |
| Commerce Home Mortgage, Inc. | $345,000 | $295,000 | -14.5% | 0.0% |
| SUMMIT FUNDING, INC. | $415,000 | $295,000 | -28.9% | 0.0% |
| Goldwater Bank, N.A. | $285,000 | n/a | 0.0% | |
| LEGEND LENDING CORPORATION | $285,000 | n/a | 0.0% | |
| OCMBC, INC. | $105,000 | $285,000 | 171.4% | 0.0% |
| ZILLOW HOME LOANS, LLC | $610,000 | $280,000 | -54.1% | 0.0% |
| CLEARPATH LENDING | $275,000 | n/a | 0.0% | |
| T2 FINANCIAL LLC | $275,000 | n/a | 0.0% | |
| UNITED | $275,000 | n/a | 0.0% | |
| NFM, INC. | $200,000 | $255,000 | 27.5% | 0.0% |
| Truist | $480,000 | $255,000 | -46.9% | 0.0% |
| Trustmark National Bank | $435,000 | $250,000 | -42.5% | 0.0% |
| Morgan Stanley Private Bank | $565,000 | $245,000 | -56.6% | 0.0% |
| The Paducah Bank and Trust Company | $410,000 | $245,000 | -40.2% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $215,000 | $240,000 | 11.6% | 0.0% |
| Arvest Bank | $370,000 | $235,000 | -36.5% | 0.0% |
| Centennial Bank | $23,935,000 | $235,000 | -99.0% | 0.0% |
| FBC MORTGAGE, LLC | $335,000 | $225,000 | -32.8% | 0.0% |
| The Loan Store, Inc. | $225,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $625,000 | $225,000 | -64.0% | 0.0% |
| Baxter Credit Union | $140,000 | $215,000 | 53.6% | 0.0% |
| DUPACO COMMUNITY | $215,000 | n/a | 0.0% | |
| INTERSTATE HOME LOAN CENTER, INC. | $215,000 | n/a | 0.0% | |
| Luxury Mortgage Corp. | $215,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $205,000 | n/a | 0.0% | |
| ISERVE RESIDENTIAL LENDING, LLC | $785,000 | $205,000 | -73.9% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $1,365,000 | $205,000 | -85.0% | 0.0% |
| Royal Credit Union | $195,000 | n/a | 0.0% | |
| Century Mortgage Company DBA Century Lending Company | $185,000 | n/a | 0.0% | |
| EMM LOANS LLC | $555,000 | $185,000 | -66.7% | 0.0% |
| Nations Lending Corporation | $125,000 | $185,000 | 48.0% | 0.0% |
| OAKTREE FUNDING CORP. | $185,000 | n/a | 0.0% | |
| Old National Bank | $185,000 | n/a | 0.0% | |
| ALTRA | $175,000 | n/a | 0.0% | |
| Servion, Inc. | $175,000 | n/a | 0.0% | |
| SOUTHWEST FUNDING, LP | $175,000 | n/a | 0.0% | |
| Prosperity Home Mortgage, LLC | $145,000 | $165,000 | 13.8% | 0.0% |
| Southern Bank of Tennessee | $165,000 | n/a | 0.0% | |
| Southeast Financial Credit Union | $60,000 | $160,000 | 166.7% | 0.0% |
| Evolve Bank & Trust | $500,000 | $155,000 | -69.0% | 0.0% |
| FIRST COLONY MORTGAGE CORPORATION | $155,000 | n/a | 0.0% | |
| Countybank | $145,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $145,000 | n/a | 0.0% | |
| Honor Credit Union | $145,000 | n/a | 0.0% | |
| Southern Bancorp Bank | $135,000 | n/a | 0.0% | |
| BankTennessee | $680,000 | $125,000 | -81.6% | 0.0% |
| BMO Harris Bank | $125,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $500,000 | $125,000 | -75.0% | 0.0% |
| GERSHMAN INVESTMENT CORP. | $125,000 | n/a | 0.0% | |
| NEXERA HOLDING LLC | $125,000 | n/a | 0.0% | |
| EVANSVILLE TEACHERS | $1,045,000 | $115,000 | -89.0% | 0.0% |
| EASTMAN | $75,000 | $110,000 | 46.7% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $105,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $105,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $220,000 | $105,000 | -52.3% | 0.0% |
| MICHIGAN MUTUAL, INC. | $105,000 | n/a | 0.0% | |
| The Monticello Banking Company | $265,000 | $105,000 | -60.4% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $425,000 | $85,000 | -80.0% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $85,000 | n/a | 0.0% | |
| NexBank | $225,000 | $85,000 | -62.2% | 0.0% |
| RANLIFE, INC. | $85,000 | n/a | 0.0% | |
| TEACHERS CREDIT UNION | $85,000 | n/a | 0.0% | |
| Truliant Federal Credit Union | $85,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $75,000 | n/a | 0.0% | |
| GTE Federal Credit Union | $65,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $935,000 | $55,000 | -94.1% | 0.0% |
| XCEL Federal Credit Union | $55,000 | n/a | 0.0% | |
| CIS Financial Services, Inc. | $55,000 | $45,000 | -18.2% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $215,000 | $45,000 | -79.1% | 0.0% |
| REDSTONE Federal Credit Union | $35,000 | n/a | 0.0% | |
| The Bank of Holly Springs | $25,000 | $35,000 | 40.0% | 0.0% |
JACKSON's top lender by overall market share is Leaders Credit Union, with 15.3% market share. In second place, with 5.4%, is MORTGAGE INVESTORS GROUP, INC., having originated $37,955,000 in loans. In third place, with 5.1%, is QUICKEN LOANS, LLC, having originated $35,465,000 in loans. In fourth place, with 4.9%, is Regions Bank, having originated $34,210,000 in loans. In fifth place, with 4.5%, is Centennial Bank, having originated $31,755,000 in loans.
JACKSON, TN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,893 | $441,185,000 | $233,061 |
| Refi | 653 | $122,105,000 | $186,991 |
| Cash Out Refi | 422 | $74,340,000 | $176,161 |
| Other | 386 | $30,070,000 | $77,902 |
| Home Improvement | 358 | $30,870,000 | $86,229 |
Jackson's most frequently cited loan purpose was Home Purchase, with 1,893 originations. The 2nd most popular reason was Refi, with 653 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,429 | $305,625,000 | $213,873 |
| Over 8% | 650 | $65,230,000 | $100,354 |
| 7-8% | 560 | $107,760,000 | $192,429 |
| 5-6% | 365 | $90,005,000 | $246,589 |
| <2.5% | 42 | $210,000 | $5,000 |
| 4-5% | 30 | $7,660,000 | $255,333 |
| 3-4% | 6 | $970,000 | $161,667 |
| 2.5-3% | 2 | $540,000 | $270,000 |
During 2024, Jackson's most frequently originated rate bucket was 6-7%, with 1,429 originations.
Loan Sizing (JACKSON, TN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,202 | $177,550,000 | $147,712 |
| $200k-400k | 1,166 | $316,080,000 | $271,081 |
| $100,000 or less | 1,116 | $60,070,000 | $53,826 |
| $400k-600k | 161 | $76,075,000 | $472,516 |
| $600k-1000k | 49 | $36,025,000 | $735,204 |
| $Over $1MM | 18 | $32,770,000 | $1,820,556 |
JACKSON's loan sizing saw the bucket of loans from $100k-200k with 1,202 originations, totaling $177,550,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,246 | $313,830,000 | $251,870 |
| 60-80% | 612 | $124,810,000 | $203,938 |
| Under 20% | 416 | $14,500,000 | $34,856 |
| 20-40% | 410 | $37,700,000 | $91,951 |
| 40-60% | 307 | $50,535,000 | $164,609 |
| Over 100% | 48 | $24,260,000 | $505,417 |
JACKSON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,246 originations, totaling $313,830,000 in origination value.