Martin Mortgage Rates & Closing Costs

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  • Trends
  • Rates vs. Fees
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  • Market Share
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  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Martin averaged 6.64% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 7.17% and one month ago for the week of 2023-02-09, the average rate was 6.26%.

    Martin's average rate one year ago was 4.09%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.4%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Martin 30 Year Fixed Rate 2023-03-16 6.64%
    Martin 30 Year Fixed Rate Refi 2023-03-16 6.4%
    Martin 15 Year Fixed Rate 2023-03-16 6.97%
    Martin 15 Year Fixed Rate Refi 2023-03-16 6.78%
    Martin 30 Year FHA 2023-03-16 6.43%
    Martin 30 Year FHA Refi 2023-03-16 6.27%
    Martin 30 Year USDA 2023-03-16 6.44%
    Martin 30 Year USDA Refi 2023-03-16 6.57%
    Martin 30 Year VA 2023-03-16 6.22%
    Martin 30 Year VA Refi 2023-03-16 6.48%
    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    Simmons Bank 47 3.13% $2,809
    QUICKEN LOANS, LLC 23 3.28% $4,035
    Leaders Credit Union 18 3.27% $2,447
    Regions Bank 15 3.38% $2,314
    Triumph Bank 13 3.04% $3,254
    Legends Bank 8 3.15% $2,815
    First Citizens National Bank 7 3.02% $2,625
    STOCKTON MORTGAGE CORPORATION 6 3.46% $7,179
    CRESCENT MORTGAGE COMPANY 4 3.63% $2,775
    AMERISAVE MORTGAGE CORPORATION 3 3.46% $3,099
    FIRST COMMUNITY MORTGAGE, INC. 3 3.00% $5,565
    Farm Credit Mid-America, ACA 3 3.25% $6,443
    UNITED WHOLESALE MORTGAGE, LLC 3 3.12% $3,658
    U. T. 3 3.04% $3,874
    U.S. Bank 2 3.19% $2,681
    HOME POINT FINANCIAL CORPORATION 2 3.62% $2,994
    Mr. Cooper ( Nationstar Mortgage ) 2 3.06% $4,935
    Wells Fargo Bank 2 3.00% $2,916
    First United Bank and Trust Company 1 3.75% $4,001
    Flagstar Bank, FSB 1 3.45% $2,974
    GMFS LLC 1 2.50% $2,614
    GUARANTEED RATE, INC. 1 3.38% $3,709
    HOMESIDE FINANCIAL, LLC 1 3.88% $4,337
    INTERCAP LENDING INC. 1 2.50% $2,966
    INTERLINC MORTGAGE SERVICES, LLC 1 4.50% $1,490
    LOANDEPOT.COM, LLC 1 2.99% $4,384
    Mortgage Research Center, LLC 1 2.75% $2,590
    MOVEMENT MORTGAGE, LLC 1 2.81% $3,490
    M&T Bank 1 3.25% $4,627
    NEWREZ LLC 1 2.88% $3,353
    Northpointe Bank 1 4.50% $3,688
    PENNYMAC LOAN SERVICES, LLC 1 4.13% $3,153
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.88% $7,227
    RELIANCE FIRST CAPITAL, LLC 1 3.75% $4,670
    Renasant Bank 1 2.99% $1,858
    River Valley AgCredit, ACA 1 4.50% $6,884
    ROYAL UNITED MORTGAGE LLC 1 3.88% $5,994
    SOUTHWEST FUNDING, LP 1 3.50% $4,920
    Wyndham Capital Mortgage, Inc. 1 2.38% $7,764
    BancorpSouth Bank 1 3.13% $3,191
    Bank of America 1 2.75% $2,761
    BETTER MORTGAGE CORPORATION 1 2.75% $2,867
    BROKER SOLUTIONS, INC. 1 3.13% $5,521
    CALIBER HOME LOANS, INC. 1 3.38% $3,835
    CapStar Bank 1 3.38% $3,350
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.88% $3,674
    Carrington Mortgage Services, LLC 1 3.38% $3,999
    Chicago Mortgage Solutions LLC 1 2.87% $1,824
    Citizens Bank 1 3.00% $2,532
    COMPASS MORTGAGE, INC. 1 2.99% $3,104
    ENVOY MORTGAGE, LTD 1 4.00% $3,208
    Evolve Bank & Trust 1 3.50% $3,251
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.88% $1,904
    FirstBank 1 3.63% $2,755
    First Federal Bank 1 2.88% $5,470
    First National Bank of Waterloo 1 2.88% $1,568

    Martin Average Closing Costs & Other Stats

    Martin, TN's 56 lenders originated 720 loans during 2021. The total origination value was $101,160,000, with an average loan value of $140,500.

    Martin's average closing costs are $3,830.

    The top Martin lender as defined by loan originations is Simmons Bank, with 47 loans originated. Their average total fees are $2,809, which is $1,226 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Martin lenders (with over 10 loans originated) are Regions Bank ($2,314), Leaders Credit Union ($2,447), Simmons Bank ($2,809), Triumph Bank ($3,254) and QUICKEN LOANS, LLC ($4,035).

    The lowest rate Martin lenders (with over 10 loans originated) are Triumph Bank (3.04%), Simmons Bank (3.13%), Leaders Credit Union (3.27%), QUICKEN LOANS, LLC (3.28%) and Regions Bank (3.38%).

    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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    Simmons Bank $11,175,000 $16,985,000 52.0% 16.8%
    QUICKEN LOANS, LLC $7,805,000 $8,015,000 2.7% 7.9%
    Regions Bank $5,095,000 $7,225,000 41.8% 7.1%
    First Citizens National Bank $3,280,000 $6,555,000 99.8% 6.5%
    Leaders Credit Union $3,650,000 $5,110,000 40.0% 5.1%
    Triumph Bank $5,240,000 $4,860,000 -7.3% 4.8%
    FIRST COMMUNITY MORTGAGE, INC. $2,240,000 $3,960,000 76.8% 3.9%
    Legends Bank $3,920,000 $3,280,000 -16.3% 3.2%
    U. T. $3,335,000 $3,085,000 -7.5% 3.0%
    FREEDOM MORTGAGE CORPORATION $2,125,000 $2,330,000 9.6% 2.3%
    Mortgage Research Center, LLC $1,235,000 $2,270,000 83.8% 2.2%
    STOCKTON MORTGAGE CORPORATION $410,000 $1,905,000 364.6% 1.9%
    BancorpSouth Bank $1,415,000 $1,845,000 30.4% 1.8%
    Farm Credit Mid-America, ACA $590,000 $1,720,000 191.5% 1.7%
    PENNYMAC LOAN SERVICES, LLC $1,005,000 $1,565,000 55.7% 1.5%
    CRESCENT MORTGAGE COMPANY $1,725,000 $1,195,000 -30.7% 1.2%
    Mr. Cooper ( Nationstar Mortgage ) $555,000 $1,195,000 115.3% 1.2%
    Carroll Bank and Trust $1,300,000 $1,190,000 -8.5% 1.2%
    NAVY FEDERAL CREDIT UNION $165,000 $1,145,000 593.9% 1.1%
    FirstBank $1,560,000 $1,020,000 -34.6% 1.0%
    Wells Fargo Bank $905,000 $1,020,000 12.7% 1.0%
    North American Savings Bank, F.S.B. $940,000 n/a 0.9%
    UNITED WHOLESALE MORTGAGE, LLC $500,000 $885,000 77.0% 0.9%
    BROKER SOLUTIONS, INC. $675,000 $795,000 17.8% 0.8%
    Commercial Bank & Trust Co. $785,000 $740,000 -5.7% 0.7%
    AMERISAVE MORTGAGE CORPORATION $620,000 $705,000 13.7% 0.7%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $625,000 $675,000 8.0% 0.7%
    LOANDEPOT.COM, LLC $480,000 $655,000 36.5% 0.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $235,000 $640,000 172.3% 0.6%
    U.S. Bank $1,065,000 $610,000 -42.7% 0.6%
    First Federal Bank $410,000 $605,000 47.6% 0.6%
    MORTGAGE INVESTORS GROUP, INC. $245,000 $565,000 130.6% 0.6%
    Flagstar Bank, FSB $135,000 $555,000 311.1% 0.5%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $125,000 $520,000 316.0% 0.5%
    Carrington Mortgage Services, LLC $475,000 $520,000 9.5% 0.5%
    HOME POINT FINANCIAL CORPORATION $115,000 $515,000 347.8% 0.5%
    NEWREZ LLC $370,000 $510,000 37.8% 0.5%
    Fifth Third Bank $425,000 n/a 0.4%
    HOMESIDE FINANCIAL, LLC $425,000 n/a 0.4%
    NEW DAY FINANCIAL, LLC $290,000 $410,000 41.4% 0.4%
    Wyndham Capital Mortgage, Inc. $405,000 n/a 0.4%
    CROSSCOUNTRY MORTGAGE, LLC $365,000 n/a 0.4%
    GMFS LLC $355,000 n/a 0.4%
    21ST MORTGAGE CORPORATION $645,000 $350,000 -45.7% 0.3%
    ROYAL UNITED MORTGAGE LLC $200,000 $305,000 52.5% 0.3%
    CMG MORTGAGE, INC. $580,000 $300,000 -48.3% 0.3%
    River Valley AgCredit, ACA $285,000 n/a 0.3%
    CALIBER HOME LOANS, INC. $270,000 n/a 0.3%
    Citizens Bank $175,000 $270,000 54.3% 0.3%
    Chicago Mortgage Solutions LLC $265,000 n/a 0.3%
    HomePromise Corporation $265,000 n/a 0.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $265,000 n/a 0.3%
    Discover Bank $260,000 n/a 0.3%
    First Horizon Bank $110,000 $260,000 136.4% 0.3%
    The Federal Savings Bank $255,000 n/a 0.3%
    SUN WEST MORTGAGE COMPANY, INC. $250,000 n/a 0.2%
    SOUTHWEST FUNDING, LP $695,000 $240,000 -65.5% 0.2%
    SOUTHWEST STAGE FUNDING, LLC $240,000 n/a 0.2%
    VILLAGE CAPITAL & INVESTMENT LLC $350,000 $240,000 -31.4% 0.2%
    MOVEMENT MORTGAGE, LLC $235,000 n/a 0.2%
    Northpointe Bank $235,000 n/a 0.2%
    Manufacturers and Traders Trust Company $230,000 n/a 0.2%
    Truist Bank $195,000 $230,000 17.9% 0.2%
    THE MORTGAGE FIRM, INC. $225,000 n/a 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $220,000 n/a 0.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $175,000 $220,000 25.7% 0.2%
    Evolve Bank & Trust $215,000 n/a 0.2%
    INTERLINC MORTGAGE SERVICES, LLC $215,000 n/a 0.2%
    SWBC MORTGAGE CORPORATION $205,000 n/a 0.2%
    CapStar Bank $200,000 n/a 0.2%
    INTERCAP LENDING INC. $145,000 $195,000 34.5% 0.2%
    TRIAD FINANCIAL SERVICES, INC. $185,000 n/a 0.2%
    Bank of America $105,000 $175,000 66.7% 0.2%
    GUARANTY HOME MORTGAGE CORPORATION $365,000 $165,000 -54.8% 0.2%
    RANLIFE, INC. $145,000 $165,000 13.8% 0.2%
    JOHNSONVILLE TVA EMPLOYEES CREDIT UNION $70,000 $150,000 114.3% 0.1%
    First United Bank and Trust Company $145,000 n/a 0.1%
    GUARANTEED RATE, INC. $135,000 n/a 0.1%
    Hometown Equity Mortgage, LLC $125,000 n/a 0.1%
    Hometown Lenders, Inc. $55,000 $125,000 127.3% 0.1%
    TriStar Bank $125,000 n/a 0.1%
    Centennial Bank $280,000 $120,000 -57.1% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $115,000 n/a 0.1%
    PHH Mortgage Corporation $115,000 n/a 0.1%
    Southern Bancorp Bank $115,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $1,070,000 $105,000 -90.2% 0.1%
    COMPASS MORTGAGE, INC. $105,000 n/a 0.1%
    First National Bank of Waterloo $55,000 $105,000 90.9% 0.1%
    Magnolia Bank $105,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $105,000 n/a 0.1%
    Renasant Bank $260,000 $105,000 -59.6% 0.1%
    The Bank of Fayette County $105,000 n/a 0.1%
    AMERICAN FINANCING CORPORATION $95,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $95,000 n/a 0.1%
    First Federal Bank $410,000 $95,000 -76.8% 0.1%
    GENEVA FINANCIAL, LLC $95,000 n/a 0.1%
    Low VA Rates, LLC $95,000 n/a 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $95,000 n/a 0.1%
    Bank of England $160,000 $85,000 -46.9% 0.1%
    JPMorgan Chase Bank $85,000 n/a 0.1%
    ENVOY MORTGAGE, LTD $75,000 n/a 0.1%
    Deere Employees Credit Union $260,000 $65,000 -75.0% 0.1%
    First Financial Bank $115,000 $65,000 -43.5% 0.1%
    MID AMERICA MORTGAGE, INC. $165,000 $65,000 -60.6% 0.1%
    Old Second National Bank $65,000 n/a 0.1%
    AFFINITY $45,000 n/a 0.0%
    REDSTONE Federal Credit Union $45,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $25,000 $35,000 40.0% 0.0%
    Figure Lending LLC $25,000 n/a 0.0%

    Martin's top lender by overall market share is Simmons Bank, with 16.8% market share. In second place, with 7.9%, is QUICKEN LOANS, LLC, having originated $8,015,000 in loans. In third place, with 7.1%, is Regions Bank, having originated $7,225,000 in loans. In fourth place, with 6.5%, is First Citizens National Bank, having originated $6,555,000 in loans. In fifth place, with 5.1%, is Leaders Credit Union, having originated $5,110,000 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
    Martin's median listing price for 2023-02-01 was $204,900, a difference of $-25,000 (-10.9%) versus the prior year and $-28,525 versus the prior month.

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

    Martin's average listing price for 2023-02-01 was $232,299, a difference of $-138,575 (-37.4%) versus the prior year and $-5,939 versus the prior month.

    For the 2023-02-01 period, Martin had 49 MLS listings, a difference of 1 listings (2%) versus the prior month and 21 listings (75%) 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
    Martin's median listing age (time on market) for 2023-02-01 was 0 days.

    Martin's median square footage for active listings during the 2023-02-01 period was 1,813 sqft. One year prior, the average listing was 2,024 sqft.

    Martin, TN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 310 $50,880,000 $164,129
    Refi 256 $31,610,000 $123,477
    Cash Out Refi 108 $16,010,000 $148,241
    Home Improvement 26 $1,280,000 $49,231
    Other 20 $1,380,000 $69,000

    Martin's most frequently cited loan purpose was Home Purchase, with 310 originations. The 2nd most popular reason was Refi, with 256 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 277 $36,805,000 $132,870
    2.5-3% 232 $38,100,000 $164,224
    <2.5% 101 $16,715,000 $165,495
    4-5% 57 $5,565,000 $97,632
    5-6% 22 $960,000 $43,636
    Over 8% 6 $370,000 $61,667
    6-7% 4 $370,000 $92,500
    7-8% 2 $100,000 $50,000

    During 2021, Martin's most frequently originated rate bucket was 3-4%, with 277 originations.

    Loan Sizing (Martin, TN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 312 $44,000,000 $141,026
    $100,000 or less 269 $16,965,000 $63,067
    $200k-400k 124 $31,570,000 $254,597
    $400k-600k 11 $5,015,000 $455,909
    $600k-1000k 2 $1,360,000 $680,000
    $Over $1MM 2 $2,250,000 $1,125,000

    Martin's loan sizing saw the bucket of loans from $100k-200k with 312 originations, totaling $44,000,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 308 $50,170,000 $162,890
    60-80% 197 $30,765,000 $156,168
    40-60% 96 $10,900,000 $113,542
    Under 20% 41 $1,045,000 $25,488
    20-40% 35 $1,975,000 $56,429
    Over 100% 4 $1,350,000 $337,500

    Martin's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 308 originations, totaling $50,170,000 in origination value.