Martin Mortgage Rates & Closing Costs

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  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Martin averaged 6.95% for the week of 2023-11-22, compared to the national average of 7.29% for the same period.

    The average rate for the prior week (2023-11-16) was 7.1% and one month ago for the week of 2023-10-19, the average rate was 7.59%.

    Martin's average rate one year ago was 6.67%.

    For refis of the same type during the week of 2023-11-22, the average rate was 7.39%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-11-22 7.29%
    Martin 30 Year Fixed Rate 2023-11-22 6.95%
    Martin 30 Year Fixed Rate Refi 2023-11-22 7.39%
    Martin 15 Year Fixed Rate 2023-11-22 6.77%
    Martin 15 Year Fixed Rate Refi 2023-11-22 6.87%
    Martin 30 Year FHA 2023-11-22 0.1%
    Martin 30 Year FHA Refi 2023-11-22 0.1%
    Martin 30 Year USDA 2023-11-22 -0.2%
    Martin 30 Year USDA Refi 2023-11-22 0.2%
    Martin 30 Year VA 2023-11-22 0.2%
    Martin 30 Year VA Refi 2023-11-22 0.1%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Martin, TN.

    Martin 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 Martin, 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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Simmons Bank 30 4.82% $4,263
    QUICKEN LOANS, LLC 14 5.70% $5,485
    Regions Bank 13 5.14% $2,903
    Leaders Credit Union 9 5.04% $3,093
    Legends Bank 9 5.63% $3,340
    Citizens Bank 5 3.43% $2,970
    FIRST COMMUNITY MORTGAGE, INC. 5 4.68% $4,709
    CRESCENT MORTGAGE COMPANY 4 5.09% $4,049
    U. T. 4 4.88% $3,434
    Farm Credit Mid-America, ACA 3 4.73% $7,295
    LOANDEPOT.COM, LLC 3 5.54% $4,266
    VANDERBILT MORTGAGE AND FINANCE, INC. 3 6.49% $5,187
    BancorpSouth 3 5.58% $3,533
    STOCKTON MORTGAGE CORPORATION 2 3.75% $6,973
    First Citizens National Bank 2 5.63% $3,678
    U.S. Bank 2 3.88% $2,618
    CALIBER HOME LOANS, INC. 2 5.29% $6,694
    AMERICAN FINANCING CORPORATION 2 5.56% $5,970
    FREEDOM MORTGAGE CORPORATION 2 5.69% $6,391
    NAVY FEDERAL CREDIT UNION 2 6.88% $3,620
    Mr. Cooper ( Nationstar Mortgage ) 2 5.81% $3,675
    MORTGAGE INVESTORS GROUP, INC. 2 5.31% $4,142
    GUARANTY HOME MORTGAGE CORPORATION 2 4.31% $4,490
    Renasant Bank 1 3.75% $3,121
    SHELTER HOME MORTGAGE, LLC 1 4.13% $3,073
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 3.38% $8,175
    UNIFY FINANCIAL Credit Union 1 5.38% $2,795
    Wells Fargo Bank 1 4.25% $4,818
    AMERICAN MORTGAGE SERVICE COMPANY 1 3.38% $3,190
    AmeriHome Mortgage Company, LLC 1 4.25% $5,536
    ANGEL OAK MORTGAGE SOLUTIONS LLC 1 3.13% $4,808
    BEST CAPITAL FUNDING 1 2.99% $3,167
    BROKER SOLUTIONS, INC. 1 6.38% $3,276
    Carrington Mortgage Services, LLC 1 5.13% $3,463
    Chicago Mortgage Solutions LLC 1 5.20% $8,139
    CityWorth Mortgage LLC 1 5.13% $14,658
    CMG MORTGAGE, INC. 1 5.88% $6,855
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 4.25% $3,965
    FirstBank 1 7.13% $5,309
    First Guaranty Mortgage Corporation 1 3.50% $3,445
    First Internet Bank of Indiana 1 6.50% $3,121
    GUARANTEED RATE, INC. 1 5.63% $3,675
    JPMorgan Chase Bank 1 4.99% $4,133
    LAND HOME FINANCIAL SERVICES, INC. 1 4.50% $3,119
    LEADERONE FINANCIAL CORPORATION 1 6.50% $5,319
    Magnolia Bank 1 3.38% $6,113
    NEWREZ LLC 1 7.13% $4,357
    PENNYMAC LOAN SERVICES, LLC 1 5.00% $5,913
    PNC Bank 1 6.25% $3,587
    Raymond James Bank 1 2.88% $1,954

    Martin Average Closing Costs & Other Stats

    Martin, TN's 50 lenders originated 559 loans during 2022. The total origination value was $91,315,000, with an average loan value of $163,354.

    Martin's average closing costs are $4,134.

    The top Martin lender as defined by loan originations is Simmons Bank, with 30 loans originated. Their average total fees are $4,263, which is $1,222 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Martin lenders (with over 10 loans originated) are Regions Bank ($2,903), Simmons Bank ($4,263), QUICKEN LOANS, LLC ($5,485), .

    The lowest rate Martin lenders (with over 10 loans originated) are Simmons Bank (4.82%), Regions Bank (5.14%), QUICKEN LOANS, LLC (5.70%), .

    Martin, 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Simmons Bank $16,985,000 $20,560,000 21.0% 22.5%
    QUICKEN LOANS, LLC $8,015,000 $5,650,000 -29.5% 6.2%
    First Citizens National Bank $6,555,000 $4,690,000 -28.5% 5.1%
    Leaders Credit Union $5,110,000 $4,515,000 -11.6% 4.9%
    Regions Bank $7,225,000 $4,165,000 -42.4% 4.6%
    U. T. $3,085,000 $4,020,000 30.3% 4.4%
    FIRST COMMUNITY MORTGAGE, INC. $3,960,000 $3,155,000 -20.3% 3.5%
    Carroll Bank and Trust $1,190,000 $2,825,000 137.4% 3.1%
    Mortgage Research Center, LLC $2,270,000 $2,790,000 22.9% 3.1%
    Legends Bank $3,280,000 $2,630,000 -19.8% 2.9%
    BancorpSouth Bank $1,845,000 $1,730,000 -6.2% 1.9%
    LOANDEPOT.COM, LLC $655,000 $1,350,000 106.1% 1.5%
    CRESCENT MORTGAGE COMPANY $1,195,000 $1,210,000 1.3% 1.3%
    FirstBank $1,020,000 $1,060,000 3.9% 1.2%
    Farm Credit Mid-America, ACA $1,720,000 $1,030,000 -40.1% 1.1%
    CALIBER HOME LOANS, INC. $270,000 $1,015,000 275.9% 1.1%
    Commercial Bank & Trust Co. $740,000 $975,000 31.8% 1.1%
    Citizens Bank $270,000 $970,000 259.3% 1.1%
    NAVY FEDERAL CREDIT UNION $1,145,000 $935,000 -18.3% 1.0%
    Mr. Cooper ( Nationstar Mortgage ) $1,195,000 $845,000 -29.3% 0.9%
    CHURCHILL MORTGAGE CORPORATION $105,000 $820,000 681.0% 0.9%
    MORTGAGE INVESTORS GROUP, INC. $565,000 $800,000 41.6% 0.9%
    Wells Fargo Bank $1,020,000 $795,000 -22.1% 0.9%
    AMERISAVE MORTGAGE CORPORATION $705,000 $770,000 9.2% 0.8%
    FREEDOM MORTGAGE CORPORATION $2,330,000 $755,000 -67.6% 0.8%
    First Guaranty Mortgage Corporation $730,000 n/a 0.8%
    AMERICAN FINANCING CORPORATION $95,000 $680,000 615.8% 0.7%
    First Horizon Bank $260,000 $680,000 161.5% 0.7%
    Carrington Mortgage Services, LLC $520,000 $675,000 29.8% 0.7%
    CityWorth Mortgage LLC $585,000 n/a 0.6%
    GUARANTY HOME MORTGAGE CORPORATION $165,000 $570,000 245.5% 0.6%
    UNITED WHOLESALE MORTGAGE, LLC $885,000 $515,000 -41.8% 0.6%
    USAA Federal Savings Bank $490,000 n/a 0.5%
    STOCKTON MORTGAGE CORPORATION $1,905,000 $445,000 -76.6% 0.5%
    Nations Lending Corporation $425,000 n/a 0.5%
    First Southern Bank $415,000 n/a 0.5%
    PENNYMAC LOAN SERVICES, LLC $1,565,000 $405,000 -74.1% 0.4%
    U.S. Bank $610,000 $400,000 -34.4% 0.4%
    VANDERBILT MORTGAGE AND FINANCE, INC. $220,000 $385,000 75.0% 0.4%
    UNIFY FINANCIAL Credit Union $365,000 n/a 0.4%
    MID AMERICA MORTGAGE, INC. $65,000 $360,000 453.8% 0.4%
    NEW DAY FINANCIAL, LLC $410,000 $350,000 -14.6% 0.4%
    Bank of Tennessee $345,000 n/a 0.4%
    BROKER SOLUTIONS, INC. $795,000 $320,000 -59.7% 0.4%
    EVERETT FINANCIAL, INC. $305,000 n/a 0.3%
    LEADERONE FINANCIAL CORPORATION $300,000 n/a 0.3%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $520,000 $285,000 -45.2% 0.3%
    Towne Bank $275,000 n/a 0.3%
    21ST MORTGAGE CORPORATION $350,000 $265,000 -24.3% 0.3%
    AMERICAN PACIFIC MORTGAGE CORPORATION $255,000 n/a 0.3%
    Chicago Mortgage Solutions LLC $265,000 $255,000 -3.8% 0.3%
    AMERICAN FINANCIAL RESOURCES, INC. $220,000 $245,000 11.4% 0.3%
    First Southern National Bank $245,000 n/a 0.3%
    Magnolia Bank $105,000 $245,000 133.3% 0.3%
    NBKC BANK $245,000 n/a 0.3%
    Centennial Bank $120,000 $240,000 100.0% 0.3%
    CMG MORTGAGE, INC. $300,000 $235,000 -21.7% 0.3%
    Equity Prime Mortgage LLC $215,000 n/a 0.2%
    Hometown Equity Mortgage, LLC $125,000 $215,000 72.0% 0.2%
    RANLIFE, INC. $165,000 $215,000 30.3% 0.2%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $205,000 n/a 0.2%
    First Internet Bank of Indiana $205,000 n/a 0.2%
    SOUTHPOINT FINANCIAL SERVICES, INC. $185,000 n/a 0.2%
    Renasant Bank $105,000 $180,000 71.4% 0.2%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $175,000 n/a 0.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $640,000 $175,000 -72.7% 0.2%
    Independence Bank of Kentucky $175,000 n/a 0.2%
    M&T Bank $230,000 $175,000 -23.9% 0.2%
    FNB Bank, Inc. $155,000 n/a 0.2%
    GUARANTEED RATE, INC. $135,000 $155,000 14.8% 0.2%
    TRIAD FINANCIAL SERVICES, INC. $185,000 $155,000 -16.2% 0.2%
    AmeriHome Mortgage Company, LLC $145,000 n/a 0.2%
    HOMESIDE FINANCIAL, LLC $425,000 $145,000 -65.9% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $145,000 n/a 0.2%
    PNC Bank $145,000 n/a 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $265,000 $135,000 -49.1% 0.1%
    AMERICAN MORTGAGE SERVICE COMPANY $125,000 n/a 0.1%
    Raymond James Bank $125,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $105,000 $125,000 19.0% 0.1%
    Pinnacle Bank $115,000 n/a 0.1%
    BEST CAPITAL FUNDING $105,000 n/a 0.1%
    COMMUNITY BANK $105,000 n/a 0.1%
    Deere Employees Credit Union $65,000 $105,000 61.5% 0.1%
    Paramount Residential Mortgage Group, Inc. $105,000 n/a 0.1%
    Victorian Finance, LLC $95,000 n/a 0.1%
    ALLIANT CREDIT UNION $85,000 n/a 0.1%
    JPMorgan Chase Bank $85,000 $85,000 0.0% 0.1%
    ROYAL UNITED MORTGAGE LLC $305,000 $85,000 -72.1% 0.1%
    LAND HOME FINANCIAL SERVICES, INC. $75,000 n/a 0.1%
    L & N Federal Credit Union $75,000 n/a 0.1%
    NEWREZ LLC $510,000 $75,000 -85.3% 0.1%
    The Huntington National Bank $75,000 n/a 0.1%
    First Financial Bank $65,000 $70,000 7.7% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $115,000 $65,000 -43.5% 0.1%
    SHELTER HOME MORTGAGE, LLC $65,000 n/a 0.1%
    United Community Bank $65,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $55,000 n/a 0.1%
    Tyndall Federal Credit Union $35,000 n/a 0.0%
    Home Loan Investment Bank, F.S.B. $15,000 n/a 0.0%

    Martin's top lender by overall market share is Simmons Bank, with 22.5% market share. In second place, with 6.2%, is QUICKEN LOANS, LLC, having originated $5,650,000 in loans. In third place, with 5.1%, is First Citizens National Bank, having originated $4,690,000 in loans. In fourth place, with 4.9%, is Leaders Credit Union, having originated $4,515,000 in loans. In fifth place, with 4.6%, is Regions Bank, having originated $4,165,000 in loans.

    Martin Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Martin (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $121,000 (-4.2%) $139,717 (-0.1%) 0.00 135
    2018-02-01 $119,600 (-7.1%) $137,446 (-3.1%) 0.00 136
    2018-03-01 $119,900 (-4.4%) $138,134 (-1.5%) 0.00 136
    2018-04-01 $119,900 (-6.0%) $135,724 (-4.5%) 0.00 137
    2018-05-01 $128,850 (1.2%) $138,890 (-1.4%) 0.00 132
    2018-06-01 $126,900 (-0.1%) $141,116 (2.8%) 0.00 134
    2018-07-01 $128,025 (4.2%) $143,516 (6.4%) 0.00 131
    2018-08-01 $135,925 (8.8%) $149,135 (6.0%) 0.00 125
    2018-09-01 $139,500 (12.1%) $156,894 (11.0%) 0.00 120
    2018-10-01 $138,000 (15.2%) $154,453 (11.7%) 0.00 112
    2018-11-01 $139,925 (17.0%) $156,642 (15.7%) 0.00 111
    2018-12-01 $139,900 (24.9%) $158,480 (19.3%) 0.00 103
    2019-01-01 $137,450 (13.6%) $161,006 (15.2%) 0.00 100
    2019-02-01 $134,995 (12.9%) $158,739 (15.5%) 0.00 103
    2019-03-01 $139,583 (16.4%) $163,382 (18.3%) 0.00 91
    2019-04-01 $139,785 (16.6%) $167,088 (23.1%) 0.00 77
    2019-05-01 $145,850 (13.2%) $171,128 (23.2%) 0.00 74
    2019-06-01 $139,500 (9.9%) $160,259 (13.6%) 0.00 77
    2019-07-01 $143,375 (12.0%) $166,028 (15.7%) 0.00 71
    2019-08-01 $149,364 (9.9%) $167,088 (12.0%) 0.00 66
    2019-09-01 $152,534 (9.3%) $167,628 (6.8%) 0.00 67
    2019-10-01 $152,148 (10.3%) $166,801 (8.0%) 0.00 67
    2019-11-01 $151,250 (8.1%) $165,011 (5.3%) 0.00 69
    2019-12-01 $129,950 (-7.1%) $163,603 (3.2%) 0.00 70
    2020-01-01 $128,450 (-6.6%) $152,075 (-5.6%) 0.00 69
    2020-02-01 $124,450 (-7.8%) $147,023 (-7.4%) 0.00 64
    2020-03-01 $128,225 (-8.1%) $156,636 (-4.1%) 0.00 66
    2020-04-01 $119,900 (-14.2%) $161,817 (-3.2%) 0.00 67
    2020-05-01 $134,900 (-7.5%) $178,616 (4.4%) 0.00 53
    2020-06-01 $157,400 (12.8%) $199,034 (24.2%) 0.00 49
    2020-07-01 $139,900 (-2.4%) $195,049 (17.5%) 0.00 46
    2020-08-01 $129,999 (-13.0%) $191,011 (14.3%) 0.00 48
    2020-09-01 $122,500 (-19.7%) $199,376 (18.9%) 0.00 52
    2020-10-01 $129,900 (-14.6%) $217,455 (30.4%) 0.00 51
    2020-11-01 $134,200 (-11.3%) $219,357 (32.9%) 0.00 45
    2020-12-01 $139,450 (7.3%) $251,323 (53.6%) 0.00 34
    2021-01-01 $199,000 (54.9%) $292,773 (92.5%) 0.00 24
    2021-02-01 $209,450 (68.3%) $326,668 (122.2%) 0.00 18
    2021-03-01 $254,600 (98.6%) $333,160 (112.7%) 0.00 16
    2021-04-01 $259,700 (116.6%) $314,111 (94.1%) 0.00 19
    2021-05-01 $249,900 (85.3%) $304,528 (70.5%) 0.00 24
    2021-06-01 $225,750 (43.4%) $326,448 (64.0%) 0.00 22
    2021-07-01 $250,000 (78.7%) $326,904 (67.6%) 0.00 24
    2021-08-01 $225,000 (73.1%) $293,517 (53.7%) 0.00 37
    2021-09-01 $225,000 (83.7%) $282,864 (41.9%) 0.00 50
    2021-10-01 $227,500 (75.1%) $288,264 (32.6%) 0.00 45
    2021-11-01 $243,750 (81.6%) $308,720 (40.7%) 0.00 39
    2021-12-01 $222,500 (59.6%) $267,556 (6.5%) 0.00 35
    2022-01-01 $199,000 (0.0%) $245,629 (-16.1%) 0.00 30
    2022-02-01 $229,900 (9.8%) $370,874 (13.5%) 0.00 28
    2022-03-01 $225,000 (-11.6%) $347,143 (4.2%) 0.00 33
    2022-04-01 $257,400 (-0.9%) $450,344 (43.4%) 0.00 29
    2022-05-01 $267,000 (6.8%) $427,567 (40.4%) 0.00 32
    2022-06-01 $289,950 (28.4%) $430,720 (31.9%) 0.00 39
    2022-07-01 $299,450 (19.8%) $416,836 (27.5%) 0.00 40
    2022-08-01 $272,175 (21.0%) $390,942 (33.2%) 0.00 42
    2022-09-01 $219,625 (-2.4%) $407,136 (43.9%) 0.00 46
    2022-10-01 $209,950 (-7.7%) $378,945 (31.5%) 0.00 54
    2022-11-01 $234,725 (-3.7%) $368,742 (19.4%) 0.00 52
    2022-12-01 $240,000 (7.9%) $358,104 (33.8%) 0.00 50
    2023-01-01 $233,425 (17.3%) $238,238 (-3.0%) 0.00 48
    2023-02-01 $204,900 (-10.9%) $232,299 (-37.4%) 0.00 49
    2023-03-01 $212,450 (-5.6%) $244,178 (-29.7%) 0.00 48
    2023-04-01 $215,000 (-16.5%) $253,595 (-43.7%) 0.00 56
    2023-05-01 $220,950 (-17.3%) $262,996 (-38.5%) 0.00 51
    2023-06-01 $250,975 (-13.4%) $329,651 (-23.5%) 0.00 45
    2023-07-01 $249,900 (-16.6%) $325,012 (-22.0%) 0.00 44
    2023-08-01 $268,975 (-1.2%) $328,238 (-16.0%) 0.00 39
    2023-09-01 $268,500 (22.3%) $316,513 (-22.3%) 0.00 44
    2023-10-01 $268,625 (28.0%) $333,027 (-12.1%) 0.00 58
    Martin's median listing price for 2023-10-01 was $268,625, a difference of $58,675 (28.0%) versus the prior year and $125 versus the prior month.

    Martin's median listing price comes in at 0% of the national average.

    Martin's average listing price for 2023-10-01 was $333,027, a difference of $-45,918 (-12.1%) versus the prior year and $16,514 versus the prior month.

    For the 2023-10-01 period, Martin had 58 MLS listings, a difference of 14 listings (32%) versus the prior month and 4 listings (7%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Martin (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,819 sqft
    2018-02-01 0 days 1,823 sqft
    2018-03-01 0 days 1,806 sqft
    2018-04-01 0 days 1,805 sqft
    2018-05-01 0 days 1,847 sqft
    2018-06-01 0 days 1,857 sqft
    2018-07-01 0 days 1,813 sqft
    2018-08-01 0 days 1,814 sqft
    2018-09-01 0 days 1,831 sqft
    2018-10-01 0 days 1,808 sqft
    2018-11-01 0 days 1,740 sqft
    2018-12-01 0 days 1,791 sqft
    2019-01-01 0 days 1,758 sqft
    2019-02-01 0 days 1,699 sqft
    2019-03-01 0 days 1,753 sqft
    2019-04-01 0 days 1,745 sqft
    2019-05-01 0 days 1,836 sqft
    2019-06-01 0 days 1,797 sqft
    2019-07-01 0 days 1,891 sqft
    2019-08-01 0 days 1,875 sqft
    2019-09-01 0 days 1,862 sqft
    2019-10-01 0 days 1,840 sqft
    2019-11-01 0 days 1,689 sqft
    2019-12-01 0 days 1,788 sqft
    2020-01-01 0 days 1,734 sqft
    2020-02-01 0 days 1,644 sqft
    2020-03-01 0 days 1,649 sqft
    2020-04-01 0 days 1,644 sqft
    2020-05-01 0 days 1,650 sqft
    2020-06-01 0 days 1,658 sqft
    2020-07-01 0 days 1,617 sqft
    2020-08-01 0 days 1,636 sqft
    2020-09-01 0 days 1,638 sqft
    2020-10-01 0 days 1,643 sqft
    2020-11-01 0 days 1,712 sqft
    2020-12-01 0 days 1,655 sqft
    2021-01-01 0 days 2,013 sqft
    2021-02-01 0 days 1,787 sqft
    2021-03-01 0 days 1,619 sqft
    2021-04-01 0 days 2,189 sqft
    2021-05-01 0 days 2,127 sqft
    2021-06-01 0 days 2,128 sqft
    2021-07-01 0 days 2,146 sqft
    2021-08-01 0 days 2,096 sqft
    2021-09-01 0 days 1,996 sqft
    2021-10-01 0 days 2,067 sqft
    2021-11-01 0 days 2,076 sqft
    2021-12-01 0 days 2,072 sqft
    2022-01-01 0 days 2,063 sqft
    2022-02-01 0 days 2,024 sqft
    2022-03-01 0 days 2,055 sqft
    2022-04-01 0 days 2,014 sqft
    2022-05-01 0 days 2,000 sqft
    2022-06-01 0 days 2,050 sqft
    2022-07-01 0 days 2,070 sqft
    2022-08-01 0 days 2,056 sqft
    2022-09-01 0 days 2,136 sqft
    2022-10-01 0 days 1,992 sqft
    2022-11-01 0 days 1,934 sqft
    2022-12-01 0 days 1,833 sqft
    2023-01-01 0 days 1,854 sqft
    2023-02-01 0 days 1,813 sqft
    2023-03-01 0 days 1,861 sqft
    2023-04-01 0 days 1,749 sqft
    2023-05-01 0 days 1,766 sqft
    2023-06-01 0 days 2,098 sqft
    2023-07-01 0 days 2,095 sqft
    2023-08-01 0 days 2,095 sqft
    2023-09-01 0 days 2,000 sqft
    2023-10-01 0 days 1,996 sqft
    Martin's median listing age (time on market) for 2023-10-01 was 0 days.

    Martin's median square footage for active listings during the 2023-10-01 period was 1,996 sqft. One year prior, the average listing was 1,992 sqft.

    Martin, TN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 276 $51,360,000 $186,087
    Cash Out Refi 110 $18,450,000 $167,727
    Refi 91 $10,075,000 $110,714
    Home Improvement 46 $8,780,000 $190,870
    Other 36 $2,650,000 $73,611

    Martin's most frequently cited loan purpose was Home Purchase, with 276 originations. The 2nd most popular reason was Cash Out Refi, with 110 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 136 $24,220,000 $178,088
    5-6% 123 $20,365,000 $165,569
    4-5% 108 $16,260,000 $150,556
    6-7% 76 $14,440,000 $190,000
    2.5-3% 33 $4,505,000 $136,515
    7-8% 22 $2,570,000 $116,818
    Over 8% 11 $435,000 $39,545
    <2.5% 3 $315,000 $105,000

    During 2022, Martin's most frequently originated rate bucket was 3-4%, with 136 originations.

    Loan Sizing (Martin, TN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 227 $31,925,000 $140,639
    $100,000 or less 209 $12,045,000 $57,632
    $200k-400k 101 $26,325,000 $260,644
    $400k-600k 12 $5,530,000 $460,833
    $600k-1000k 7 $5,575,000 $796,429
    $Over $1MM 3 $9,915,000 $3,305,000

    Martin's loan sizing saw the bucket of loans from $100k-200k with 227 originations, totaling $31,925,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 193 $37,365,000 $193,601
    60-80% 138 $30,280,000 $219,420
    20-40% 67 $4,645,000 $69,328
    Under 20% 51 $1,765,000 $34,608
    40-60% 50 $6,260,000 $125,200
    Over 100% 9 $2,245,000 $249,444

    Martin's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 193 originations, totaling $37,365,000 in origination value.