Martin Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Martin averaged 6.2% for the week of 2024-10-03, compared to the national average of 6.12% for the same period.

The average rate for the prior week (2024-09-26) was 6.46% and one month ago for the week of 2024-08-29, the average rate was 6.33%.

Martin's average rate one year ago was 7.59%.

For refis of the same type during the week of 2024-10-03, the average rate was 6.02%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-03 6.12%
Martin 30 Year Fixed Rate 2024-10-03 6.2%
Martin 30 Year Fixed Rate Refi 2024-10-03 6.02%
Martin 15 Year Fixed Rate 2024-10-03 5.15%
Martin 15 Year Fixed Rate Refi 2024-10-03 5.25%
Martin 30 Year FHA 2024-10-03 5.89%
Martin 30 Year FHA Refi 2024-10-03 5.99%
Martin 30 Year USDA 2024-10-03 5.87%
Martin 30 Year USDA Refi 2024-10-03 5.97%
Martin 30 Year VA 2024-10-03 5.7%
Martin 30 Year VA Refi 2024-10-03 5.4%
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
Martin's median listing price for 2024-09-01 was $250,000, a difference of $-18,500 (-6.9%) versus the prior year and $-25,000 versus the prior month.

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

Martin's average listing price for 2024-09-01 was $329,399, a difference of $12,886 (4.1%) versus the prior year and $-13,246 versus the prior month.

For the 2024-09-01 period, Martin had 84 MLS listings, a difference of 1 listings (1%) versus the prior month and 40 listings (91%) 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
Martin's median listing age (time on market) for 2024-09-01 was 0 days.

Martin's median square footage for active listings during the 2024-09-01 period was 1,838 sqft. One year prior, the average listing was 2,000 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.