Martin Mortgage Rates & Closing Costs

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  • Trends
  • Rates vs. Fees
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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 7.16% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.77% and one month ago for the week of 2024-10-10, the average rate was 6.4%.

    Martin's average rate one year ago was 7.68%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.28%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Martin 30 Year Fixed Rate 2024-11-14 7.16%
    Martin 30 Year Fixed Rate Refi 2024-11-14 7.28%
    Martin 15 Year Fixed Rate 2024-11-14 6.09%
    Martin 15 Year Fixed Rate Refi 2024-11-14 6.29%
    Martin 30 Year FHA 2024-11-14 -0.1%
    Martin 30 Year FHA Refi 2024-11-14 -0.2%
    Martin 30 Year USDA 2024-11-14 0%
    Martin 30 Year USDA Refi 2024-11-14 0%
    Martin 30 Year VA 2024-11-14 0.2%
    Martin 30 Year VA Refi 2024-11-14 -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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Regions Bank 14 6.68% $4,361
    Leaders Credit Union 13 6.96% $3,311
    Simmons Bank 9 7.11% $3,288
    UNITED WHOLESALE MORTGAGE, LLC 6 6.20% $6,061
    FIRST COMMUNITY MORTGAGE, INC. 6 6.79% $4,335
    QUICKEN LOANS, LLC 5 6.97% $5,737
    Farm Credit Mid-America, ACA 3 7.54% $7,056
    21ST MORTGAGE CORPORATION 2 9.68% $5,089
    AMERICAN FINANCIAL NETWORK, INC. 2 5.88% $5,156
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.18% $7,605
    Mortgage Research Center, LLC 2 6.81% $3,939
    Legends Bank 1 6.88% $2,990
    LOANDEPOT.COM, LLC 1 7.13% $4,254
    MORTGAGE FINANCIAL GROUP, INC. 1 7.63% $4,273
    Nations Lending Corporation 1 6.88% $7,828
    NAVY FEDERAL CREDIT UNION 1 7.63% $5,371
    NBKC BANK 1 7.63% $4,128
    Paramount Residential Mortgage Group, Inc. 1 6.13% $6,433
    PENNYMAC LOAN SERVICES, LLC 1 7.63% $10,976
    PHH Mortgage Corporation 1 7.25% $4,887
    ROYAL UNITED MORTGAGE LLC 1 7.00% $5,418
    STOCKTON MORTGAGE CORPORATION 1 7.38% $6,196
    SWBC MORTGAGE CORPORATION 1 5.88% $0
    United Community Bank 1 8.00% $4,268
    U.S. Bank 1 6.99% $3,293
    VAN DYK MORTGAGE CORPORATION 1 7.25% $7,065
    AMERISAVE MORTGAGE CORPORATION 1 6.99% $6,489
    Central Bank Illinois 1 6.88% $2,622
    CRESCENT MORTGAGE COMPANY 1 6.88% $3,107
    CROSSCOUNTRY MORTGAGE, LLC 1 7.50% $4,132
    Deere Employees Credit Union 1 6.88% $3,366
    EVERETT FINANCIAL, INC. 1 6.63% $7,107
    FirstBank 1 6.63% $4,286
    First Citizens National Bank 1 6.88% $2,978
    HOMEXPRESS MORTGAGE CORP. 1 10.38% $8,319
    LEADERONE FINANCIAL CORPORATION 1 6.25% $5,067

    Martin Average Closing Costs & Other Stats

    Martin, TN's 36 lenders originated 442 loans during 2023. The total origination value was $65,600,000, with an average loan value of $148,416.

    Martin's average closing costs are $4,353.

    The top Martin lender as defined by loan originations is Regions Bank, with 14 loans originated. Their average total fees are $4,361, which is $1,050 higher than the next largest lender, Leaders Credit Union.

    The lowest fee Martin lenders (with over 10 loans originated) are Leaders Credit Union ($3,311), Regions Bank ($4,361), .

    The lowest rate Martin lenders (with over 10 loans originated) are Regions Bank (6.68%), Leaders Credit Union (6.96%), .

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    First Citizens National Bank $4,690,000 $6,305,000 34.4% 9.6%
    Simmons Bank $20,560,000 $6,035,000 -70.6% 9.2%
    Leaders Credit Union $4,515,000 $4,240,000 -6.1% 6.5%
    Regions Bank $4,165,000 $4,130,000 -0.8% 6.3%
    QUICKEN LOANS, LLC $5,650,000 $3,095,000 -45.2% 4.7%
    Mortgage Research Center, LLC $2,790,000 $2,910,000 4.3% 4.4%
    U. T. $4,020,000 $2,770,000 -31.1% 4.2%
    UNITED WHOLESALE MORTGAGE, LLC $515,000 $2,395,000 365.0% 3.7%
    Farm Credit Mid-America, ACA $1,030,000 $2,290,000 122.3% 3.5%
    FIRST COMMUNITY MORTGAGE, INC. $3,155,000 $2,235,000 -29.2% 3.4%
    Carroll Bank and Trust $2,825,000 $2,205,000 -21.9% 3.4%
    Legends Bank $2,630,000 $1,835,000 -30.2% 2.8%
    21ST MORTGAGE CORPORATION $265,000 $925,000 249.1% 1.4%
    LOANDEPOT.COM, LLC $1,350,000 $910,000 -32.6% 1.4%
    MORTGAGE INVESTORS GROUP, INC. $800,000 $780,000 -2.5% 1.2%
    Commercial Bank & Trust Co. $975,000 $765,000 -21.5% 1.2%
    BancorpSouth $1,730,000 $640,000 -63.0% 1.0%
    CROSSCOUNTRY MORTGAGE, LLC $630,000 n/a 1.0%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $175,000 $560,000 220.0% 0.9%
    PLANET HOME LENDING, LLC $540,000 n/a 0.8%
    FirstBank $1,060,000 $520,000 -50.9% 0.8%
    PENNYMAC LOAN SERVICES, LLC $405,000 $490,000 21.0% 0.7%
    VAN DYK MORTGAGE CORPORATION $490,000 n/a 0.7%
    TOWNE MORTGAGE COMPANY $480,000 n/a 0.7%
    FREEDOM MORTGAGE CORPORATION $755,000 $475,000 -37.1% 0.7%
    VANDERBILT MORTGAGE AND FINANCE, INC. $385,000 $395,000 2.6% 0.6%
    USAA Federal Savings Bank $490,000 $385,000 -21.4% 0.6%
    NAVY FEDERAL CREDIT UNION $935,000 $380,000 -59.4% 0.6%
    Equity Prime Mortgage LLC $215,000 $355,000 65.1% 0.5%
    First Horizon Bank $680,000 $355,000 -47.8% 0.5%
    AMERICAN FINANCIAL NETWORK, INC. $350,000 n/a 0.5%
    AMERISAVE MORTGAGE CORPORATION $770,000 $315,000 -59.1% 0.5%
    CMG MORTGAGE, INC. $235,000 $305,000 29.8% 0.5%
    LEADERONE FINANCIAL CORPORATION $300,000 $305,000 1.7% 0.5%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $295,000 n/a 0.4%
    Centennial Bank $240,000 $275,000 14.6% 0.4%
    STOCKTON MORTGAGE CORPORATION $445,000 $275,000 -38.2% 0.4%
    Bank of England $255,000 n/a 0.4%
    NEW DAY FINANCIAL, LLC $350,000 $255,000 -27.1% 0.4%
    ALLIED MORTGAGE GROUP, INC. $245,000 n/a 0.4%
    NBKC BANK $245,000 $225,000 -8.2% 0.3%
    HOMEXPRESS MORTGAGE CORP. $215,000 n/a 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $845,000 $215,000 -74.6% 0.3%
    The Federal Savings Bank $215,000 n/a 0.3%
    THE PEOPLES BANK $205,000 n/a 0.3%
    U.S. Bank $400,000 $205,000 -48.8% 0.3%
    EVERETT FINANCIAL, INC. $305,000 $195,000 -36.1% 0.3%
    MID AMERICA MORTGAGE, INC. $360,000 $195,000 -45.8% 0.3%
    RELIANCE FIRST CAPITAL, LLC $125,000 $195,000 56.0% 0.3%
    ROYAL UNITED MORTGAGE LLC $85,000 $195,000 129.4% 0.3%
    AMERICAN FINANCING CORPORATION $680,000 $185,000 -72.8% 0.3%
    McKenzie Banking Company $185,000 n/a 0.3%
    United Community Bank $65,000 $185,000 184.6% 0.3%
    BROKER SOLUTIONS, INC. $320,000 $175,000 -45.3% 0.3%
    F&M Bank $175,000 n/a 0.3%
    SOUTHWEST STAGE FUNDING, LLC $175,000 n/a 0.3%
    PHH Mortgage Corporation $170,000 n/a 0.3%
    SWBC MORTGAGE CORPORATION $170,000 n/a 0.3%
    First Savings Bank $165,000 n/a 0.3%
    Central Bank Illinois $155,000 n/a 0.2%
    CRESCENT MORTGAGE COMPANY $1,210,000 $155,000 -87.2% 0.2%
    MORTGAGE FINANCIAL GROUP, INC. $155,000 n/a 0.2%
    Deere Employees Credit Union $105,000 $145,000 38.1% 0.2%
    LIBERTY HOME MORTGAGE CORPORATION $145,000 n/a 0.2%
    Figure Lending LLC $135,000 n/a 0.2%
    Nations Lending Corporation $425,000 $135,000 -68.2% 0.2%
    Paramount Residential Mortgage Group, Inc. $105,000 $135,000 28.6% 0.2%
    FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $125,000 n/a 0.2%
    First Financial Bank $70,000 $110,000 57.1% 0.2%
    TOP FLITE FINANCIAL, INC. $105,000 n/a 0.2%
    NEWREZ LLC $75,000 $95,000 26.7% 0.1%
    Citizens Bank $970,000 $85,000 -91.2% 0.1%
    Discover Bank $85,000 n/a 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $85,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $75,000 n/a 0.1%
    Wells Fargo Bank $795,000 $75,000 -90.6% 0.1%
    Bank of America $65,000 n/a 0.1%
    LONGBRIDGE FINANCIAL, LLC $65,000 n/a 0.1%
    Apex Bank $55,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $55,000 n/a 0.1%
    First Southern Bank $415,000 $55,000 -86.7% 0.1%
    Coastal Community Bank $15,000 n/a 0.0%

    Martin's top lender by overall market share is First Citizens National Bank, with 9.6% market share. In second place, with 9.2%, is Simmons Bank, having originated $6,035,000 in loans. In third place, with 6.5%, is Leaders Credit Union, having originated $4,240,000 in loans. In fourth place, with 6.3%, is Regions Bank, having originated $4,130,000 in loans. In fifth place, with 4.7%, is QUICKEN LOANS, LLC, having originated $3,095,000 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 (-3.6%) $139,717 (0.8%) 0.00 135
    2018-02-01 $119,600 (-6.9%) $137,446 (-2.3%) 0.00 136
    2018-03-01 $119,900 (-4.3%) $138,134 (-0.7%) 0.00 136
    2018-04-01 $119,900 (-5.4%) $135,724 (-3.7%) 0.00 137
    2018-05-01 $128,850 (1.3%) $138,890 (-0.7%) 0.00 132
    2018-06-01 $126,900 (0.2%) $141,116 (3.5%) 0.00 134
    2018-07-01 $128,025 (5.5%) $143,516 (7.2%) 0.00 131
    2018-08-01 $135,925 (8.8%) $149,135 (6.8%) 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
    2023-11-01 $269,100 (14.6%) $332,738 (-9.8%) 0.00 64
    2023-12-01 $252,000 (5.0%) $316,695 (-11.6%) 0.00 62
    2024-01-01 $266,975 (14.4%) $347,495 (45.9%) 0.00 50
    2024-02-01 $262,200 (28.0%) $336,832 (45.0%) 0.00 50
    2024-03-01 $254,950 (20.0%) $331,827 (35.9%) 0.00 56
    2024-04-01 $249,750 (16.2%) $338,838 (33.6%) 0.00 59
    2024-05-01 $249,925 (13.1%) $340,003 (29.3%) 0.00 62
    2024-06-01 $239,900 (-4.4%) $331,047 (0.4%) 0.00 70
    2024-07-01 $253,675 (1.5%) $336,353 (3.5%) 0.00 80
    2024-08-01 $275,000 (2.2%) $342,645 (4.4%) 0.00 83
    2024-09-01 $250,000 (-6.9%) $329,399 (4.1%) 0.00 84
    2024-10-01 $251,225 (-6.5%) $313,592 (-5.8%) 0.00 89
    Martin's median listing price for 2024-10-01 was $251,225, a difference of $-17,400 (-6.5%) versus the prior year and $1,225 versus the prior month.

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

    Martin's average listing price for 2024-10-01 was $313,592, a difference of $-19,435 (-5.8%) versus the prior year and $-15,807 versus the prior month.

    For the 2024-10-01 period, Martin had 89 MLS listings, a difference of 5 listings (6%) versus the prior month and 31 listings (53%) 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 2,108 sqft
    2021-09-01 0 days 2,034 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 2,034 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
    2023-11-01 0 days 1,914 sqft
    2023-12-01 0 days 1,868 sqft
    2024-01-01 0 days 1,873 sqft
    2024-02-01 0 days 1,864 sqft
    2024-03-01 0 days 1,933 sqft
    2024-04-01 0 days 1,875 sqft
    2024-05-01 0 days 1,906 sqft
    2024-06-01 0 days 1,870 sqft
    2024-07-01 0 days 1,919 sqft
    2024-08-01 0 days 1,902 sqft
    2024-09-01 0 days 1,838 sqft
    2024-10-01 0 days 1,807 sqft
    Martin's median listing age (time on market) for 2024-10-01 was 0 days.

    Martin's median square footage for active listings during the 2024-10-01 period was 1,807 sqft. One year prior, the average listing was 1,996 sqft.

    Martin, TN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 228 $43,730,000 $191,798
    Refi 69 $8,975,000 $130,072
    Home Improvement 59 $3,165,000 $53,644
    Cash Out Refi 55 $8,095,000 $147,182
    Other 31 $1,635,000 $52,742

    Martin's most frequently cited loan purpose was Home Purchase, with 228 originations. The 2nd most popular reason was Refi, with 69 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 113 $18,175,000 $160,841
    Over 8% 113 $10,365,000 $91,726
    7-8% 86 $19,360,000 $225,116
    5-6% 48 $6,910,000 $143,958
    4-5% 5 $1,255,000 $251,000
    <2.5% 2 $10,000 $5,000

    During 2023, Martin's most frequently originated rate bucket was 6-7%, with 113 originations.

    Loan Sizing (Martin, TN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 188 $10,270,000 $54,628
    $100k-200k 159 $23,245,000 $146,195
    $200k-400k 86 $22,390,000 $260,349
    $Over $1MM 5 $7,765,000 $1,553,000
    $400k-600k 4 $1,930,000 $482,500

    Martin's loan sizing saw the bucket of loans from $100,000 or less with 188 originations, totaling $10,270,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 149 $29,945,000 $200,973
    60-80% 69 $15,485,000 $224,420
    20-40% 61 $4,025,000 $65,984
    Under 20% 49 $1,485,000 $30,306
    40-60% 37 $4,535,000 $122,568
    Over 100% 2 $570,000 $285,000

    Martin's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 149 originations, totaling $29,945,000 in origination value.