McMinnville Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Mcminnville averaged 6.96% for the week of 2024-05-16, compared to the national average of 7.02% for the same period.

The average rate for the prior week (2024-05-09) was 7.03% and one month ago for the week of 2024-04-11, the average rate was 6.62%.

Mcminnville's average rate one year ago was 6.39%.

For refis of the same type during the week of 2024-05-16, the average rate was 7.52%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-05-16 7.02%
Mcminnville 30 Year Fixed Rate 2024-05-16 6.96%
Mcminnville 30 Year Fixed Rate Refi 2024-05-16 7.52%
Mcminnville 15 Year Fixed Rate 2024-05-16 6.48%
Mcminnville 15 Year Fixed Rate Refi 2024-05-16 6.38%
Mcminnville 30 Year FHA 2024-05-16 6.66%
Mcminnville 30 Year FHA Refi 2024-05-16 6.54%
Mcminnville 30 Year USDA 2024-05-16 6.95%
Mcminnville 30 Year USDA Refi 2024-05-16 6.55%
Mcminnville 30 Year VA 2024-05-16 6.4%
Mcminnville 30 Year VA Refi 2024-05-16 6.7%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within McMinnville, TN.

McMinnville 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 McMinnville, 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
The First National Bank of Middle Tennessee 28 6.70% $6,823
QUICKEN LOANS, LLC 25 6.51% $6,164
CMG MORTGAGE, INC. 10 6.76% $5,391
Citizens Tri-County Bank 8 6.70% $5,263
Renasant Bank 8 6.72% $4,581
ASCEND FEDERAL CREDIT UNION 7 6.23% $2,781
U.S. Bank 6 7.02% $4,449
FIRST COMMUNITY MORTGAGE, INC. 5 6.65% $7,037
Regions Bank 4 7.22% $2,750
GUARANTEED RATE, INC. 4 7.01% $5,391
MORTGAGE INVESTORS GROUP, INC. 4 4.88% $7,181
UNITED WHOLESALE MORTGAGE, LLC 4 7.23% $8,210
SeaTrust Mortgage Company 3 7.25% $7,307
VANDERBILT MORTGAGE AND FINANCE, INC. 3 7.04% $7,975
CapStar Bank 3 6.50% $4,245
FirstBank 3 6.92% $3,931
Carrington Mortgage Services, LLC 2 5.69% $5,268
NAVY FEDERAL CREDIT UNION 2 7.19% $6,643
SWBC MORTGAGE CORPORATION 2 3.31% $0
PENNYMAC LOAN SERVICES, LLC 2 5.81% $9,758
UNION HOME MORTGAGE CORP. 2 7.50% $10,794
BROKER SOLUTIONS, INC. 2 6.31% $4,095
INTERLINC MORTGAGE SERVICES, LLC 1 7.13% $4,797
JPMorgan Chase Bank 1 6.88% $5,005
KNOXVILLE TVA EMPLOYEES CREDIT UNION 1 6.13% $6,000
LADERA LENDING, INC. 1 5.88% $3,509
LAND HOME FINANCIAL SERVICES, INC. 1 7.38% $3,400
LOANDEPOT.COM, LLC 1 6.99% $4,744
Midwest BankCentre 1 6.50% $2,997
MORTGAGE ACCESS CORP. 1 7.25% $3,805
MOVEMENT MORTGAGE, LLC 1 7.38% $7,376
Pinnacle Bank 1 6.75% $4,491
REDSTONE Federal Credit Union 1 7.38% $2,953
RELIANCE FIRST CAPITAL, LLC 1 6.38% $7,566
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 6.62% $3,955
ROYAL UNITED MORTGAGE LLC 1 6.63% $7,844
RUOFF MORTGAGE COMPANY, INC. 1 6.88% $6,060
Simmons Bank 1 5.63% $3,774
STOCKTON MORTGAGE CORPORATION 1 6.75% $4,996
Stock Yards Bank & Trust Company 1 6.25% $5,417
Synovus Bank 1 5.63% $1,104
T2 FINANCIAL LLC 1 7.13% $11,682
TENNESSEE VALLEY 1 5.56% $5,076
UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 6.63% $6,430
VAN DYK MORTGAGE CORPORATION 1 6.50% $8,604
21ST MORTGAGE CORPORATION 1 7.70% $4,951
Wilson Bank And Trust 1 7.38% $525
ACOPIA, LLC 1 8.38% $8,608
AMCAP MORTGAGE, LTD. 1 5.99% $3,561
AMERICAN FINANCIAL NETWORK, INC. 1 5.75% $8,454
Ameris Bank 1 8.13% $14,558
Bank of Tennessee 1 5.88% $2,632
BAY-VALLEY MORTGAGE GROUP 1 5.50% $6,620
Bell Bank 1 6.75% $8,783
DHI MORTGAGE COMPANY, LTD. 1 6.50% $1,515
EVANSVILLE TEACHERS 1 6.75% $4,200
EVERETT FINANCIAL, INC. 1 7.00% $2,023
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.13% $4,725
Farm Credit Mid-America, ACA 1 7.75% $5,252
First-Citizens Bank & Trust Company 1 7.75% $3,822
FIRST COLONY MORTGAGE CORPORATION 1 7.13% $4,364
First Federal Bank 1 6.50% $3,777
FirstTrust Home Loans, Inc. 1 7.63% $4,877
First Vision Bank of Tennessee 1 5.88% $3,387
F&M Bank 1 6.13% $3,705
GUARANTY MORTGAGE SERVICES, L.L.C. 1 6.99% $4,965
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.99% $7,784
HOMESIDE FINANCIAL, LLC 1 6.00% $5,053

McMinnville Average Closing Costs & Other Stats

McMinnville, TN's 68 lenders originated 788 loans during 2023. The total origination value was $153,730,000, with an average loan value of $195,089.

McMinnville's average closing costs are $5,415.

The top McMinnville lender as defined by loan originations is The First National Bank of Middle Tennessee, with 28 loans originated. Their average total fees are $6,823, which is $659 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee McMinnville lenders (with over 10 loans originated) are CMG MORTGAGE, INC. ($5,391), QUICKEN LOANS, LLC ($6,164), The First National Bank of Middle Tennessee ($6,823), .

The lowest rate McMinnville lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.51%), The First National Bank of Middle Tennessee (6.70%), CMG MORTGAGE, INC. (6.76%), .

McMinnville, 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
The First National Bank of Middle Tennessee $12,915,000 $13,360,000 3.4% 8.7%
QUICKEN LOANS, LLC $15,645,000 $13,150,000 -15.9% 8.6%
Renasant Bank $14,830,000 $8,615,000 -41.9% 5.6%
CMG MORTGAGE, INC. $5,870,000 $8,370,000 42.6% 5.4%
Citizens Tri-County Bank $8,440,000 $5,705,000 -32.4% 3.7%
Mortgage Research Center, LLC $5,370,000 $4,785,000 -10.9% 3.1%
SeaTrust Mortgage Company $115,000 $4,250,000 3,595.7% 2.8%
FIRST COMMUNITY MORTGAGE, INC. $7,750,000 $3,760,000 -51.5% 2.4%
UNITED WHOLESALE MORTGAGE, LLC $2,555,000 $3,755,000 47.0% 2.4%
FirstBank $2,565,000 $3,195,000 24.6% 2.1%
MORTGAGE INVESTORS GROUP, INC. $1,520,000 $2,905,000 91.1% 1.9%
U.S. Bank $4,170,000 $2,770,000 -33.6% 1.8%
Wilson Bank And Trust $1,200,000 $2,675,000 122.9% 1.7%
F&M Bank $635,000 $2,525,000 297.6% 1.6%
ASCEND FEDERAL CREDIT UNION $3,380,000 $2,445,000 -27.7% 1.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,445,000 $2,380,000 64.7% 1.5%
Regions Bank $3,350,000 $2,320,000 -30.7% 1.5%
NAVY FEDERAL CREDIT UNION $990,000 $2,010,000 103.0% 1.3%
21ST MORTGAGE CORPORATION $2,020,000 $1,720,000 -14.9% 1.1%
BROKER SOLUTIONS, INC. $1,620,000 $1,495,000 -7.7% 1.0%
Synovus Bank $390,000 $1,435,000 267.9% 0.9%
Carrington Mortgage Services, LLC $310,000 $1,365,000 340.3% 0.9%
PENNYMAC LOAN SERVICES, LLC $2,600,000 $1,355,000 -47.9% 0.9%
UNION HOME MORTGAGE CORP. $1,135,000 $1,300,000 14.5% 0.8%
GUARANTEED RATE, INC. $445,000 $1,220,000 174.2% 0.8%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $1,010,000 $1,125,000 11.4% 0.7%
First Vision Bank of Tennessee $4,325,000 $1,100,000 -74.6% 0.7%
CapStar Bank $915,000 $1,065,000 16.4% 0.7%
LOANDEPOT.COM, LLC $2,620,000 $995,000 -62.0% 0.6%
Magnolia Bank $295,000 $915,000 210.2% 0.6%
Ameris Bank $145,000 $905,000 524.1% 0.6%
SWBC MORTGAGE CORPORATION $1,380,000 $840,000 -39.1% 0.5%
VANDERBILT MORTGAGE AND FINANCE, INC. $110,000 $830,000 654.5% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $1,240,000 $795,000 -35.9% 0.5%
Pinnacle Bank $775,000 $785,000 1.3% 0.5%
FirstTrust Home Loans, Inc. $755,000 n/a 0.5%
GUILD MORTGAGE COMPANY $400,000 $730,000 82.5% 0.5%
Princeton Mortgage Corporation $215,000 $725,000 237.2% 0.5%
CROSSCOUNTRY MORTGAGE, LLC $1,805,000 $690,000 -61.8% 0.4%
The Federal Savings Bank $255,000 $680,000 166.7% 0.4%
Citizens Bank of Lafayette $25,000 $645,000 2,480.0% 0.4%
AMCAP MORTGAGE, LTD. $605,000 $610,000 0.8% 0.4%
EVANSVILLE TEACHERS $155,000 $600,000 287.1% 0.4%
RESIDENTIAL WHOLESALE MORTGAGE, INC. $590,000 n/a 0.4%
AMERISAVE MORTGAGE CORPORATION $2,105,000 $580,000 -72.4% 0.4%
MID AMERICA MORTGAGE, INC. $225,000 $570,000 153.3% 0.4%
INTERLINC MORTGAGE SERVICES, LLC $1,035,000 $550,000 -46.9% 0.4%
Bell Bank $515,000 n/a 0.3%
FIRST COLONY MORTGAGE CORPORATION $505,000 n/a 0.3%
Heritage Bank & Trust $505,000 n/a 0.3%
HOMESIDE FINANCIAL, LLC $1,235,000 $480,000 -61.1% 0.3%
EVERETT FINANCIAL, INC. $300,000 $475,000 58.3% 0.3%
JMJ FINANCIAL GROUP $475,000 n/a 0.3%
DELTA COMMUNITY CREDIT UNION $465,000 n/a 0.3%
ISERVE RESIDENTIAL LENDING, LLC $2,520,000 $460,000 -81.7% 0.3%
Bank of Tennessee $580,000 $440,000 -24.1% 0.3%
CB&S Bank, Inc. $435,000 n/a 0.3%
FREEDOM MORTGAGE CORPORATION $1,100,000 $430,000 -60.9% 0.3%
Flagstar Bank, FSB $530,000 $420,000 -20.8% 0.3%
Legends Bank $1,055,000 $420,000 -60.2% 0.3%
CARDINAL FINANCIAL $540,000 $400,000 -25.9% 0.3%
EASTMAN $395,000 n/a 0.3%
GUARANTY MORTGAGE SERVICES, L.L.C. $205,000 $390,000 90.2% 0.3%
ACOPIA, LLC $1,470,000 $385,000 -73.8% 0.3%
AMERICAN FINANCIAL NETWORK, INC. $380,000 n/a 0.2%
Bank of America $390,000 $370,000 -5.1% 0.2%
1ST SIGNATURE LENDING, LLC $1,365,000 $350,000 -74.4% 0.2%
VILLAGE CAPITAL MORTGAGE $350,000 n/a 0.2%
Simmons Bank $345,000 n/a 0.2%
Citizens Bank $145,000 $340,000 134.5% 0.2%
VAN DYK MORTGAGE CORPORATION $195,000 $340,000 74.4% 0.2%
Equity Prime Mortgage LLC $335,000 n/a 0.2%
REDSTONE Federal Credit Union $1,825,000 $330,000 -81.9% 0.2%
MILEND, INC. $320,000 n/a 0.2%
TENNESSEE VALLEY $255,000 $315,000 23.5% 0.2%
Legacy Home Loans, LLC $1,065,000 $305,000 -71.4% 0.2%
T2 FINANCIAL LLC $305,000 n/a 0.2%
AmRes Corporation $830,000 $295,000 -64.5% 0.2%
CIBM Bank $295,000 n/a 0.2%
MOVEMENT MORTGAGE, LLC $840,000 $295,000 -64.9% 0.2%
FINANCE OF AMERICA REVERSE LLC $290,000 n/a 0.2%
First Horizon Bank $3,765,000 $285,000 -92.4% 0.2%
PENTAGON FEDERAL CREDIT UNION $145,000 $285,000 96.6% 0.2%
ROSS MORTGAGE CORPORATION $275,000 n/a 0.2%
Farm Credit Mid-America, ACA $2,680,000 $270,000 -89.9% 0.2%
Plains Commerce Bank $270,000 n/a 0.2%
MORTGAGE ACCESS CORP. $265,000 n/a 0.2%
Citizens Bank $145,000 $260,000 79.3% 0.2%
Figure Lending LLC $260,000 n/a 0.2%
Armed Forces Bank $255,000 n/a 0.2%
BAY-VALLEY MORTGAGE GROUP $255,000 n/a 0.2%
KNOXVILLE TVA EMPLOYEES CREDIT UNION $245,000 n/a 0.2%
SECURITYNATIONAL MORTGAGE COMPANY $355,000 $245,000 -31.0% 0.2%
ROYAL UNITED MORTGAGE LLC $375,000 $235,000 -37.3% 0.2%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $225,000 n/a 0.1%
COMMUNITY MORTGAGE CORPORATION $500,000 $225,000 -55.0% 0.1%
OCMBC, INC. $220,000 n/a 0.1%
Semper Home Loans, Inc. $215,000 n/a 0.1%
HomeTrust Bank $55,000 $200,000 263.6% 0.1%
JPMorgan Chase Bank $150,000 $195,000 30.0% 0.1%
Midwest BankCentre $195,000 n/a 0.1%
RUOFF MORTGAGE COMPANY, INC. $195,000 n/a 0.1%
SUMMIT FUNDING, INC. $195,000 n/a 0.1%
Century Mortgage Company DBA Century Lending Company $185,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $505,000 $175,000 -65.3% 0.1%
First-Citizens Bank & Trust Company $125,000 $175,000 40.0% 0.1%
SILVER HILL FUNDING, LLC $165,000 n/a 0.1%
STOCKTON MORTGAGE CORPORATION $1,015,000 $165,000 -83.7% 0.1%
Stock Yards Bank & Trust Company $165,000 n/a 0.1%
THE MORTGAGE FIRM, INC. $655,000 $160,000 -75.6% 0.1%
ENDEAVOR CAPITAL, LLC. $155,000 n/a 0.1%
Commerce Home Mortgage, Inc. $145,000 n/a 0.1%
DHI MORTGAGE COMPANY, LTD. $245,000 $145,000 -40.8% 0.1%
LIMA ONE CAPITAL, LLC $145,000 n/a 0.1%
NEW DAY FINANCIAL, LLC $1,120,000 $135,000 -87.9% 0.1%
RELIANCE FIRST CAPITAL, LLC $465,000 $135,000 -71.0% 0.1%
LAND HOME FINANCIAL SERVICES, INC. $425,000 $125,000 -70.6% 0.1%
Nations Lending Corporation $95,000 $125,000 31.6% 0.1%
LAKEVIEW LOAN SERVICING, LLC $290,000 $115,000 -60.3% 0.1%
LENDINGHOME FUNDING CORPORATION $270,000 $115,000 -57.4% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $925,000 $115,000 -87.6% 0.1%
Third Federal Savings and Loan Association of Cleveland $110,000 n/a 0.1%
First Federal Bank $105,000 n/a 0.1%
JLB CORPORATION $430,000 $105,000 -75.6% 0.1%
SouthEast Bank $105,000 n/a 0.1%
UNITED NORTHERN MORTGAGE BANKERS LIMITED $105,000 n/a 0.1%
Truist $125,000 $100,000 -20.0% 0.1%
BancorpSouth $95,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $145,000 $95,000 -34.5% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $235,000 $65,000 -72.3% 0.0%
LADERA LENDING, INC. $255,000 $65,000 -74.5% 0.0%
Coastal Community Bank $55,000 n/a 0.0%
Discover Bank $55,000 n/a 0.0%
PNC Bank $170,000 $45,000 -73.5% 0.0%
Fortera Federal Credit Union $35,000 n/a 0.0%
Northwest Federal Credit Union $25,000 n/a 0.0%

McMinnville's top lender by overall market share is The First National Bank of Middle Tennessee, with 8.7% market share. In second place, with 8.6%, is QUICKEN LOANS, LLC, having originated $13,150,000 in loans. In third place, with 5.6%, is Renasant Bank, having originated $8,615,000 in loans. In fourth place, with 5.4%, is CMG MORTGAGE, INC., having originated $8,370,000 in loans. In fifth place, with 3.7%, is Citizens Tri-County Bank, having originated $5,705,000 in loans.


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

Realtor.com - McMinnville (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 $182,300 (48.9%) $280,673 (37.5%) 0.00 119
2018-02-01 $189,125 (44.2%) $290,380 (33.6%) 0.00 114
2018-03-01 $197,400 (65.4%) $286,217 (34.2%) 0.00 116
2018-04-01 $191,200 (51.5%) $284,010 (30.3%) 0.00 127
2018-05-01 $194,900 (45.3%) $290,202 (24.5%) 0.00 129
2018-06-01 $190,950 (41.5%) $276,310 (13.3%) 0.00 136
2018-07-01 $199,925 (33.4%) $294,114 (17.4%) 0.00 127
2018-08-01 $201,200 (28.1%) $284,237 (12.3%) 0.00 141
2018-09-01 $185,000 (19.4%) $272,848 (8.0%) 0.00 148
2018-10-01 $193,100 (18.8%) $274,616 (2.6%) 0.00 152
2018-11-01 $199,900 (12.7%) $282,686 (1.1%) 0.00 154
2018-12-01 $199,900 (2.9%) $280,774 (-2.6%) 0.00 151
2019-01-01 $199,900 (9.7%) $283,183 (0.9%) 0.00 138
2019-02-01 $197,725 (4.6%) $281,519 (-3.1%) 0.00 132
2019-03-01 $207,071 (4.9%) $283,122 (-1.1%) 0.00 119
2019-04-01 $200,846 (5.1%) $279,418 (-1.6%) 0.00 117
2019-05-01 $234,400 (20.3%) $295,143 (1.7%) 0.00 126
2019-06-01 $229,900 (20.4%) $295,917 (7.1%) 0.00 115
2019-07-01 $237,075 (18.6%) $301,351 (2.5%) 0.00 112
2019-08-01 $262,564 (30.5%) $316,042 (11.2%) 0.00 110
2019-09-01 $247,734 (33.9%) $310,485 (13.8%) 0.00 120
2019-10-01 $234,350 (21.4%) $303,744 (10.6%) 0.00 128
2019-11-01 $215,000 (7.6%) $290,941 (2.9%) 0.00 129
2019-12-01 $212,000 (6.1%) $294,831 (5.0%) 0.00 116
2020-01-01 $193,225 (-3.3%) $270,442 (-4.5%) 0.00 114
2020-02-01 $188,250 (-4.8%) $265,448 (-5.7%) 0.00 102
2020-03-01 $190,725 (-7.9%) $283,860 (0.3%) 0.00 96
2020-04-01 $194,500 (-3.2%) $288,346 (3.2%) 0.00 97
2020-05-01 $199,000 (-15.1%) $299,984 (1.6%) 0.00 98
2020-06-01 $203,675 (-11.4%) $323,598 (9.4%) 0.00 77
2020-07-01 $212,225 (-10.5%) $342,755 (13.7%) 0.00 76
2020-08-01 $229,900 (-12.4%) $347,617 (10.0%) 0.00 71
2020-09-01 $236,750 (-4.4%) $366,626 (18.1%) 0.00 74
2020-10-01 $245,000 (4.5%) $395,846 (30.3%) 0.00 64
2020-11-01 $247,450 (15.1%) $397,157 (36.5%) 0.00 69
2020-12-01 $264,613 (24.8%) $421,261 (42.9%) 0.00 62
2021-01-01 $249,500 (29.1%) $439,105 (62.4%) 0.00 56
2021-02-01 $251,888 (33.8%) $425,426 (60.3%) 0.00 50
2021-03-01 $309,800 (62.4%) $550,072 (93.8%) 0.00 39
2021-04-01 $349,900 (79.9%) $543,012 (88.3%) 0.00 34
2021-05-01 $339,000 (70.4%) $494,339 (64.8%) 0.00 42
2021-06-01 $307,450 (51.0%) $488,593 (51.0%) 0.00 52
2021-07-01 $294,500 (38.8%) $399,565 (16.6%) 0.00 67
2021-08-01 $321,575 (39.9%) $428,526 (23.3%) 0.00 76
2021-09-01 $349,900 (47.8%) $454,100 (23.9%) 0.00 76
2021-10-01 $329,900 (34.7%) $425,948 (7.6%) 0.00 80
2021-11-01 $256,980 (3.9%) $345,166 (-13.1%) 0.00 83
2021-12-01 $259,675 (-1.9%) $329,154 (-21.9%) 0.00 75
2022-01-01 $269,900 (8.2%) $327,498 (-25.4%) 0.00 69
2022-02-01 $287,175 (14.0%) $378,377 (-11.1%) 0.00 58
2022-03-01 $297,100 (-4.1%) $370,372 (-32.7%) 0.00 60
2022-04-01 $299,900 (-14.3%) $406,669 (-25.1%) 0.00 70
2022-05-01 $307,450 (-9.3%) $442,497 (-10.5%) 0.00 72
2022-06-01 $312,450 (1.6%) $515,228 (5.5%) 0.00 102
2022-07-01 $299,900 (1.8%) $520,660 (30.3%) 0.00 118
2022-08-01 $319,908 (-0.5%) $521,188 (21.6%) 0.00 119
2022-09-01 $321,150 (-8.2%) $511,639 (12.7%) 0.00 124
2022-10-01 $344,900 (4.6%) $522,023 (22.6%) 0.00 132
2022-11-01 $307,475 (19.7%) $470,818 (36.4%) 0.00 164
2022-12-01 $310,000 (19.4%) $463,081 (40.7%) 0.00 148
2023-01-01 $309,450 (14.7%) $447,998 (36.8%) 0.00 143
2023-02-01 $307,400 (7.0%) $419,175 (10.8%) 0.00 138
2023-03-01 $313,975 (5.7%) $404,049 (9.1%) 0.00 120
2023-04-01 $344,900 (15.0%) $428,762 (5.4%) 0.00 122
2023-05-01 $372,425 (21.1%) $448,104 (1.3%) 0.00 119
2023-06-01 $376,150 (20.4%) $452,628 (-12.2%) 0.00 127
2023-07-01 $356,200 (18.8%) $503,772 (-3.2%) 0.00 127
2023-08-01 $359,675 (12.4%) $494,398 (-5.1%) 0.00 133
2023-09-01 $349,700 (8.9%) $478,377 (-6.5%) 0.00 148
2023-10-01 $345,900 (0.3%) $466,752 (-10.6%) 0.00 155
2023-11-01 $345,224 (12.3%) $460,916 (-2.1%) 0.00 159
2023-12-01 $345,450 (11.4%) $459,391 (-0.8%) 0.00 149
2024-01-01 $347,600 (12.3%) $453,389 (1.2%) 0.00 140
2024-02-01 $327,425 (6.5%) $436,010 (4.0%) 0.00 131
2024-03-01 $325,000 (3.5%) $434,148 (7.5%) 0.00 141
2024-04-01 $333,625 (-3.3%) $431,744 (0.7%) 0.00 160
McMinnville's median listing price for 2024-04-01 was $333,625, a difference of $-11,275 (-3.3%) versus the prior year and $8,625 versus the prior month.

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

McMinnville's average listing price for 2024-04-01 was $431,744, a difference of $2,982 (0.7%) versus the prior year and $-2,404 versus the prior month.

For the 2024-04-01 period, McMinnville had 160 MLS listings, a difference of 19 listings (13%) versus the prior month and 38 listings (31%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - McMinnville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,870 sqft
2018-02-01 0 days 1,869 sqft
2018-03-01 0 days 1,908 sqft
2018-04-01 0 days 1,945 sqft
2018-05-01 0 days 1,888 sqft
2018-06-01 0 days 1,832 sqft
2018-07-01 0 days 1,928 sqft
2018-08-01 0 days 1,916 sqft
2018-09-01 0 days 1,730 sqft
2018-10-01 0 days 1,720 sqft
2018-11-01 0 days 1,816 sqft
2018-12-01 0 days 1,864 sqft
2019-01-01 0 days 1,918 sqft
2019-02-01 0 days 2,019 sqft
2019-03-01 0 days 1,912 sqft
2019-04-01 0 days 1,831 sqft
2019-05-01 0 days 2,028 sqft
2019-06-01 0 days 2,074 sqft
2019-07-01 0 days 2,082 sqft
2019-08-01 0 days 2,207 sqft
2019-09-01 0 days 2,178 sqft
2019-10-01 0 days 2,153 sqft
2019-11-01 0 days 2,021 sqft
2019-12-01 0 days 1,988 sqft
2020-01-01 0 days 1,814 sqft
2020-02-01 0 days 1,809 sqft
2020-03-01 0 days 1,811 sqft
2020-04-01 0 days 1,776 sqft
2020-05-01 0 days 1,795 sqft
2020-06-01 0 days 1,790 sqft
2020-07-01 0 days 1,867 sqft
2020-08-01 0 days 1,930 sqft
2020-09-01 0 days 1,862 sqft
2020-10-01 0 days 1,840 sqft
2020-11-01 0 days 1,878 sqft
2020-12-01 0 days 1,920 sqft
2021-01-01 0 days 1,924 sqft
2021-02-01 0 days 1,920 sqft
2021-03-01 0 days 2,127 sqft
2021-04-01 0 days 2,182 sqft
2021-05-01 0 days 2,055 sqft
2021-06-01 0 days 1,849 sqft
2021-07-01 0 days 1,766 sqft
2021-08-01 0 days 1,843 sqft
2021-09-01 0 days 1,920 sqft
2021-10-01 0 days 1,892 sqft
2021-11-01 0 days 1,608 sqft
2021-12-01 0 days 1,700 sqft
2022-01-01 0 days 1,728 sqft
2022-02-01 0 days 1,839 sqft
2022-03-01 0 days 1,849 sqft
2022-04-01 0 days 1,691 sqft
2022-05-01 0 days 1,576 sqft
2022-06-01 0 days 1,779 sqft
2022-07-01 0 days 1,743 sqft
2022-08-01 0 days 1,890 sqft
2022-09-01 0 days 1,822 sqft
2022-10-01 0 days 1,924 sqft
2022-11-01 0 days 1,848 sqft
2022-12-01 0 days 1,825 sqft
2023-01-01 0 days 1,777 sqft
2023-02-01 0 days 1,794 sqft
2023-03-01 0 days 1,778 sqft
2023-04-01 0 days 1,846 sqft
2023-05-01 0 days 1,924 sqft
2023-06-01 0 days 1,949 sqft
2023-07-01 0 days 1,929 sqft
2023-08-01 0 days 1,919 sqft
2023-09-01 0 days 1,819 sqft
2023-10-01 0 days 1,809 sqft
2023-11-01 0 days 1,724 sqft
2023-12-01 0 days 1,750 sqft
2024-01-01 0 days 1,712 sqft
2024-02-01 0 days 1,690 sqft
2024-03-01 0 days 1,660 sqft
2024-04-01 0 days 1,632 sqft
McMinnville's median listing age (time on market) for 2024-04-01 was 0 days.

McMinnville's median square footage for active listings during the 2024-04-01 period was 1,632 sqft. One year prior, the average listing was 1,846 sqft.

McMinnville, TN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 468 $106,640,000 $227,863
Cash Out Refi 108 $19,650,000 $181,944
Refi 103 $17,795,000 $172,767
Other 60 $4,590,000 $76,500
Home Improvement 49 $5,055,000 $103,163

Mcminnville's most frequently cited loan purpose was Home Purchase, with 468 originations. The 2nd most popular reason was Cash Out Refi, with 108 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 234 $51,480,000 $220,000
7-8% 145 $33,575,000 $231,552
5-6% 144 $34,320,000 $238,333
Over 8% 137 $16,955,000 $123,759
<2.5% 11 $605,000 $55,000
4-5% 3 $635,000 $211,667
2.5-3% 1 $315,000 $315,000

During 2023, Mcminnville's most frequently originated rate bucket was 6-7%, with 234 originations.

Loan Sizing (McMinnville, TN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 282 $73,090,000 $259,184
$100k-200k 265 $40,695,000 $153,566
$100,000 or less 191 $9,225,000 $48,298
$400k-600k 36 $16,430,000 $456,389
$600k-1000k 10 $6,850,000 $685,000
$Over $1MM 4 $7,440,000 $1,860,000

McMinnville's loan sizing saw the bucket of loans from $200k-400k with 282 originations, totaling $73,090,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 318 $79,350,000 $249,528
60-80% 132 $31,660,000 $239,848
Under 20% 83 $2,515,000 $30,301
40-60% 69 $14,795,000 $214,420
20-40% 64 $6,340,000 $99,063
Over 100% 10 $3,230,000 $323,000

McMinnville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 318 originations, totaling $79,350,000 in origination value.