McMinnville Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Mcminnville averaged 6.77% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 7.05% and one month ago for the week of 2023-02-16, the average rate was 6.67%.

    Mcminnville's average rate one year ago was 4.04%.

    For refis of the same type during the week of 2023-03-23, the average rate was 7.25%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Mcminnville 30 Year Fixed Rate 2023-03-23 6.77%
    Mcminnville 30 Year Fixed Rate Refi 2023-03-23 7.25%
    Mcminnville 15 Year Fixed Rate 2023-03-23 7.05%
    Mcminnville 15 Year Fixed Rate Refi 2023-03-23 6.69%
    Mcminnville 30 Year FHA 2023-03-23 6.51%
    Mcminnville 30 Year FHA Refi 2023-03-23 6.26%
    Mcminnville 30 Year USDA 2023-03-23 6.39%
    Mcminnville 30 Year USDA Refi 2023-03-23 5.97%
    Mcminnville 30 Year VA 2023-03-23 6%
    Mcminnville 30 Year VA Refi 2023-03-23 5.54%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 32 4.86% $6,750
    The First National Bank of Middle Tennessee 29 4.99% $4,988
    Renasant Bank 24 5.14% $4,166
    FIRST COMMUNITY MORTGAGE, INC. 14 5.29% $5,468
    Citizens Tri-County Bank 14 5.36% $5,112
    U.S. Bank 9 4.90% $2,844
    CMG MORTGAGE, INC. 9 6.18% $5,525
    UNITED WHOLESALE MORTGAGE, LLC 8 5.51% $5,765
    Regions Bank 8 4.16% $3,907
    First Horizon Bank 8 5.25% $4,424
    REDSTONE Federal Credit Union 7 6.36% $3,500
    LOANDEPOT.COM, LLC 6 4.46% $5,283
    ASCEND FEDERAL CREDIT UNION 6 4.29% $2,796
    FirstBank 5 6.12% $3,770
    Wells Fargo Bank 5 4.78% $3,574
    AMERISAVE MORTGAGE CORPORATION 4 3.44% $6,985
    SWBC MORTGAGE CORPORATION 4 4.63% $6,091
    Farm Credit Mid-America, ACA 4 5.38% $6,256
    21ST MORTGAGE CORPORATION 3 6.77% $6,445
    BROKER SOLUTIONS, INC. 3 5.29% $5,997
    CapStar Bank 3 5.29% $3,464
    CHURCHILL MORTGAGE CORPORATION 3 5.33% $3,898
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 4.33% $5,769
    FREEDOM MORTGAGE CORPORATION 3 6.00% $4,525
    INTERLINC MORTGAGE SERVICES, LLC 3 5.25% $3,912
    PENNYMAC LOAN SERVICES, LLC 3 5.33% $4,596
    United Community Bank 3 6.42% $4,943
    HOMESIDE FINANCIAL, LLC 2 5.50% $8,820
    F&M Bank 2 3.50% $5,564
    CASTLE & COOKE MORTGAGE, LLC 2 3.81% $5,878
    MOVEMENT MORTGAGE, LLC 2 5.19% $4,757
    ACOPIA, LLC 2 4.31% $7,018
    UNION HOME MORTGAGE CORP. 2 5.56% $6,279
    Mr. Cooper ( Nationstar Mortgage ) 2 3.56% $6,131
    CANOPY MORTGAGE, LLC 2 4.50% $3,776
    CALIBER HOME LOANS, INC. 2 4.06% $3,584
    STOCKTON MORTGAGE CORPORATION 2 3.63% $3,137
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.12% $5,502
    Synovus Bank 2 5.00% $6,208
    COMMUNITY MORTGAGE CORPORATION 2 5.38% $4,880
    LADERA LENDING, INC. 1 6.13% $10,089
    LAKEVIEW LOAN SERVICING, LLC 1 2.99% $7,573
    Legacy Home Loans, LLC 1 5.88% $3,483
    Marine Bank 1 3.75% $3,879
    MORTGAGE INVESTORS GROUP, INC. 1 3.88% $3,325
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $3,757
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.88% $3,445
    NAVY FEDERAL CREDIT UNION 1 5.25% $2,230
    NEWREZ LLC 1 5.50% $7,513
    Northpointe Bank 1 3.99% $2,254
    NTFN, INC. 1 4.00% $3,938
    Paramount Residential Mortgage Group, Inc. 1 6.63% $8,106
    PHH Mortgage Corporation 1 4.25% $4,752
    PNC Bank 1 3.38% $5,406
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.00% $5,805
    Citibank 1 2.88% $4,428
    Byron Bank 1 3.50% $2,423
    Bank of Tennessee 1 5.76% $7,442
    Bank of America 1 5.00% $3,560
    RELIANCE FIRST CAPITAL, LLC 1 5.75% $5,151
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 4.25% $4,487
    SeaTrust Mortgage Company 1 6.38% $2,689
    SECURITYNATIONAL MORTGAGE COMPANY 1 3.49% $4,830
    Ameris Bank 1 3.50% $6,334
    TENNESSEE VALLEY 1 5.25% $4,419
    AmeriHome Mortgage Company, LLC 1 6.99% $8,613
    The Huntington National Bank 1 4.38% $4,435
    THE MORTGAGE FIRM, INC. 1 5.50% $2,808
    Truist 1 3.20% $3,169
    Wyndham Capital Mortgage, Inc. 1 3.88% $7,070
    UNITED MORTGAGE CORP. 1 6.50% $6,374
    CROSSCOUNTRY MORTGAGE, LLC 1 4.99% $6,807
    DHI MORTGAGE COMPANY, LTD. 1 3.88% $3,700
    EVERETT FINANCIAL, INC. 1 3.50% $2,081
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.99% $7,296
    Princeton Mortgage Corporation 1 3.88% $6,393
    First-Citizens Bank & Trust Company 1 5.75% $3,635
    First Vision Bank of Tennessee 1 5.13% $3,736
    Flagstar Bank, FSB 1 6.88% $6,440
    FOUR POINTS 1 4.25% $2,589
    AMERICAN FINANCING CORPORATION 1 4.38% $1,774
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.63% $4,291
    GUILD MORTGAGE COMPANY 1 3.63% $5,621
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 4.63% $3,116
    VAN DYK MORTGAGE CORPORATION 1 5.38% $3,952
    ISERVE RESIDENTIAL LENDING, LLC 1 4.00% $4,406
    JLB CORPORATION 1 6.00% $4,720
    JPMorgan Chase Bank 1 4.75% $2,648

    McMinnville Average Closing Costs & Other Stats

    McMinnville, TN's 88 lenders originated 993 loans during 2022. The total origination value was $186,095,000, with an average loan value of $187,407.

    McMinnville's average closing costs are $5,017.

    The top McMinnville lender as defined by loan originations is QUICKEN LOANS, LLC, with 32 loans originated. Their average total fees are $6,750, which is $1,761 higher than the next largest lender, The First National Bank of Middle Tennessee.

    The lowest fee McMinnville lenders (with over 10 loans originated) are Renasant Bank ($4,166), The First National Bank of Middle Tennessee ($4,988), Citizens Tri-County Bank ($5,112), FIRST COMMUNITY MORTGAGE, INC. ($5,468) and QUICKEN LOANS, LLC ($6,750).

    The lowest rate McMinnville lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.86%), The First National Bank of Middle Tennessee (4.99%), Renasant Bank (5.14%), FIRST COMMUNITY MORTGAGE, INC. (5.29%) and Citizens Tri-County Bank (5.36%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    QUICKEN LOANS, LLC $20,470,000 $15,645,000 -23.6% 8.4%
    Renasant Bank $16,380,000 $14,830,000 -9.5% 8.0%
    The First National Bank of Middle Tennessee $23,985,000 $12,915,000 -46.2% 6.9%
    Citizens Tri-County Bank $8,460,000 $8,440,000 -0.2% 4.5%
    FIRST COMMUNITY MORTGAGE, INC. $5,150,000 $7,750,000 50.5% 4.2%
    CMG MORTGAGE, INC. $4,825,000 $5,870,000 21.7% 3.2%
    Mortgage Research Center, LLC $3,290,000 $5,370,000 63.2% 2.9%
    First Vision Bank of Tennessee $4,325,000 n/a 2.3%
    U.S. Bank $4,965,000 $4,170,000 -16.0% 2.2%
    First Horizon Bank $2,290,000 $3,765,000 64.4% 2.0%
    ASCEND FEDERAL CREDIT UNION $5,215,000 $3,380,000 -35.2% 1.8%
    Regions Bank $4,365,000 $3,350,000 -23.3% 1.8%
    Farm Credit Mid-America, ACA $3,335,000 $2,680,000 -19.6% 1.4%
    LOANDEPOT.COM, LLC $3,105,000 $2,620,000 -15.6% 1.4%
    PENNYMAC LOAN SERVICES, LLC $5,285,000 $2,600,000 -50.8% 1.4%
    FirstBank $3,785,000 $2,565,000 -32.2% 1.4%
    UNITED WHOLESALE MORTGAGE, LLC $1,525,000 $2,555,000 67.5% 1.4%
    ISERVE RESIDENTIAL LENDING, LLC $1,395,000 $2,520,000 80.6% 1.4%
    AMERISAVE MORTGAGE CORPORATION $1,255,000 $2,105,000 67.7% 1.1%
    21ST MORTGAGE CORPORATION $1,455,000 $2,020,000 38.8% 1.1%
    REDSTONE Federal Credit Union $335,000 $1,825,000 444.8% 1.0%
    CROSSCOUNTRY MORTGAGE, LLC $545,000 $1,805,000 231.2% 1.0%
    BROKER SOLUTIONS, INC. $1,285,000 $1,620,000 26.1% 0.9%
    MORTGAGE INVESTORS GROUP, INC. $4,575,000 $1,520,000 -66.8% 0.8%
    ACOPIA, LLC $2,190,000 $1,470,000 -32.9% 0.8%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,085,000 $1,445,000 -30.7% 0.8%
    SWBC MORTGAGE CORPORATION $1,380,000 n/a 0.7%
    1ST SIGNATURE LENDING, LLC $1,365,000 n/a 0.7%
    Mr. Cooper ( Nationstar Mortgage ) $1,165,000 $1,240,000 6.4% 0.7%
    HOMESIDE FINANCIAL, LLC $1,235,000 n/a 0.7%
    Wilson Bank And Trust $1,600,000 $1,200,000 -25.0% 0.6%
    Wells Fargo Bank $1,700,000 $1,165,000 -31.5% 0.6%
    UNION HOME MORTGAGE CORP. $1,135,000 n/a 0.6%
    NEW DAY FINANCIAL, LLC $1,390,000 $1,120,000 -19.4% 0.6%
    FREEDOM MORTGAGE CORPORATION $3,085,000 $1,100,000 -64.3% 0.6%
    Legacy Home Loans, LLC $380,000 $1,065,000 180.3% 0.6%
    Legends Bank $395,000 $1,055,000 167.1% 0.6%
    CALIBER HOME LOANS, INC. $195,000 $1,040,000 433.3% 0.6%
    INTERLINC MORTGAGE SERVICES, LLC $945,000 $1,035,000 9.5% 0.6%
    STOCKTON MORTGAGE CORPORATION $1,400,000 $1,015,000 -27.5% 0.5%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $105,000 $1,010,000 861.9% 0.5%
    NAVY FEDERAL CREDIT UNION $1,615,000 $990,000 -38.7% 0.5%
    MUTUAL OF OMAHA MORTGAGE, INC. $555,000 $925,000 66.7% 0.5%
    CapStar Bank $1,845,000 $915,000 -50.4% 0.5%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $145,000 $900,000 520.7% 0.5%
    Fifth Third Bank $485,000 $880,000 81.4% 0.5%
    Bank of England $360,000 $845,000 134.7% 0.5%
    MOVEMENT MORTGAGE, LLC $770,000 $840,000 9.1% 0.5%
    AmRes Corporation $455,000 $830,000 82.4% 0.4%
    PLANET HOME LENDING, LLC $520,000 $825,000 58.7% 0.4%
    United Community Bank $815,000 n/a 0.4%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $430,000 $790,000 83.7% 0.4%
    Pinnacle Bank $725,000 $775,000 6.9% 0.4%
    NEWREZ LLC $490,000 $755,000 54.1% 0.4%
    Northpointe Bank $105,000 $745,000 609.5% 0.4%
    THE MORTGAGE FIRM, INC. $655,000 n/a 0.4%
    First National Bank of Pulaski $125,000 $645,000 416.0% 0.3%
    F&M Bank $1,205,000 $635,000 -47.3% 0.3%
    AMCAP MORTGAGE, LTD. $535,000 $605,000 13.1% 0.3%
    Bank of Tennessee $325,000 $580,000 78.5% 0.3%
    AMERICAN PACIFIC MORTGAGE CORPORATION $1,000,000 $570,000 -43.0% 0.3%
    Wyndham Capital Mortgage, Inc. $555,000 n/a 0.3%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $615,000 $550,000 -10.6% 0.3%
    Paramount Residential Mortgage Group, Inc. $540,000 $550,000 1.9% 0.3%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,810,000 $540,000 -70.2% 0.3%
    Flagstar Bank, FSB $1,080,000 $530,000 -50.9% 0.3%
    CASTLE & COOKE MORTGAGE, LLC $175,000 $510,000 191.4% 0.3%
    CHURCHILL MORTGAGE CORPORATION $495,000 $505,000 2.0% 0.3%
    COMMUNITY MORTGAGE CORPORATION $500,000 n/a 0.3%
    RELIANCE FIRST CAPITAL, LLC $360,000 $465,000 29.2% 0.2%
    GUARANTEED RATE, INC. $490,000 $445,000 -9.2% 0.2%
    JLB CORPORATION $330,000 $430,000 30.3% 0.2%
    LAND HOME FINANCIAL SERVICES, INC. $765,000 $425,000 -44.4% 0.2%
    Marine Bank $425,000 n/a 0.2%
    The Huntington National Bank $425,000 n/a 0.2%
    AmeriHome Mortgage Company, LLC $730,000 $420,000 -42.5% 0.2%
    PHH Mortgage Corporation $420,000 n/a 0.2%
    CANOPY MORTGAGE, LLC $400,000 n/a 0.2%
    GUILD MORTGAGE COMPANY $655,000 $400,000 -38.9% 0.2%
    AMERICAN ADVISORS GROUP $45,000 $390,000 766.7% 0.2%
    Bank of America $180,000 $390,000 116.7% 0.2%
    Synovus Bank $215,000 $390,000 81.4% 0.2%
    ROYAL UNITED MORTGAGE LLC $450,000 $375,000 -16.7% 0.2%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $125,000 $355,000 184.0% 0.2%
    SECURITYNATIONAL MORTGAGE COMPANY $355,000 n/a 0.2%
    USAA Federal Savings Bank $865,000 $345,000 -60.1% 0.2%
    FOUR POINTS $225,000 $325,000 44.4% 0.2%
    NTFN, INC. $315,000 n/a 0.2%
    Carrington Mortgage Services, LLC $2,020,000 $310,000 -84.7% 0.2%
    MIDLAND MORTGAGE CORPORATION $305,000 n/a 0.2%
    EVERETT FINANCIAL, INC. $300,000 n/a 0.2%
    Magnolia Bank $325,000 $295,000 -9.2% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $115,000 $290,000 152.2% 0.2%
    Citizens Bank $550,000 $285,000 -48.2% 0.2%
    LENDINGHOME FUNDING CORPORATION $125,000 $270,000 116.0% 0.1%
    Citibank $265,000 n/a 0.1%
    LADERA LENDING, INC. $255,000 n/a 0.1%
    TENNESSEE VALLEY $255,000 n/a 0.1%
    The Federal Savings Bank $235,000 $255,000 8.5% 0.1%
    DHI MORTGAGE COMPANY, LTD. $245,000 n/a 0.1%
    PROPER RATE, LLC $245,000 n/a 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $1,115,000 $245,000 -78.0% 0.1%
    AMERICAN FINANCING CORPORATION $135,000 $240,000 77.8% 0.1%
    CIS Financial Services, Inc. $235,000 n/a 0.1%
    GENEVA FINANCIAL, LLC $235,000 n/a 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $205,000 $235,000 14.6% 0.1%
    PREMIER MORTGAGE RESOURCES, L.L.C. $235,000 n/a 0.1%
    MID AMERICA MORTGAGE, INC. $225,000 n/a 0.1%
    Princeton Mortgage Corporation $215,000 n/a 0.1%
    GUARANTY MORTGAGE SERVICES, L.L.C. $205,000 n/a 0.1%
    RANLIFE, INC. $145,000 $205,000 41.4% 0.1%
    Texana Bank $205,000 n/a 0.1%
    VAN DYK MORTGAGE CORPORATION $390,000 $195,000 -50.0% 0.1%
    LIBERTY HOME MORTGAGE CORPORATION $175,000 n/a 0.1%
    Southern Bank of Tennessee $165,000 $175,000 6.1% 0.1%
    ZILLOW HOME LOANS, LLC $405,000 $175,000 -56.8% 0.1%
    PNC Bank $175,000 $170,000 -2.9% 0.1%
    Chicago Mortgage Solutions LLC $155,000 n/a 0.1%
    CORNERSTONE FINANCIAL CREDIT UNION $155,000 n/a 0.1%
    EVANSVILLE TEACHERS $485,000 $155,000 -68.0% 0.1%
    JPMorgan Chase Bank $800,000 $150,000 -81.3% 0.1%
    Ameris Bank $145,000 n/a 0.1%
    Byron Bank $145,000 n/a 0.1%
    Citizens Bank $550,000 $145,000 -73.6% 0.1%
    PENTAGON FEDERAL CREDIT UNION $425,000 $145,000 -65.9% 0.1%
    TOP FLITE FINANCIAL, INC. $145,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $135,000 n/a 0.1%
    First-Citizens Bank & Trust Company $125,000 n/a 0.1%
    Truist $545,000 $125,000 -77.1% 0.1%
    Barrington Bank & Trust Company, N.A. $155,000 $115,000 -25.8% 0.1%
    SeaTrust Mortgage Company $115,000 n/a 0.1%
    UNITED MORTGAGE CORP. $115,000 n/a 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $95,000 $110,000 15.8% 0.1%
    Bank of Dickson $105,000 n/a 0.1%
    Nations Lending Corporation $775,000 $95,000 -87.7% 0.1%
    TOTAL MORTGAGE SERVICES, LLC $95,000 n/a 0.1%
    HomeTrust Bank $55,000 n/a 0.0%
    LOANPAL, LLC $55,000 n/a 0.0%
    Volunteer State Bank $35,000 n/a 0.0%
    Citizens Bank of Lafayette $25,000 n/a 0.0%

    McMinnville's top lender by overall market share is QUICKEN LOANS, LLC, with 8.4% market share. In second place, with 8.0%, is Renasant Bank, having originated $14,830,000 in loans. In third place, with 6.9%, is The First National Bank of Middle Tennessee, having originated $12,915,000 in loans. In fourth place, with 4.5%, is Citizens Tri-County Bank, having originated $8,440,000 in loans. In fifth place, with 4.2%, is FIRST COMMUNITY MORTGAGE, INC., having originated $7,750,000 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 $200,834 (5.0%) $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%) $294,880 (6.7%) 0.00 116
    2019-07-01 $234,700 (17.4%) $300,246 (2.1%) 0.00 113
    2019-08-01 $260,709 (29.6%) $315,042 (10.8%) 0.00 111
    2019-09-01 $246,923 (33.5%) $310,047 (13.6%) 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 $207,450 (-9.8%) $327,104 (10.9%) 0.00 76
    2020-07-01 $212,450 (-9.5%) $344,641 (14.8%) 0.00 76
    2020-08-01 $229,900 (-11.8%) $347,617 (10.3%) 0.00 71
    2020-09-01 $239,000 (-3.2%) $365,877 (18.0%) 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 $299,900 (44.6%) $484,450 (48.1%) 0.00 53
    2021-07-01 $292,200 (37.5%) $397,518 (15.3%) 0.00 68
    2021-08-01 $312,400 (35.9%) $426,042 (22.6%) 0.00 77
    2021-09-01 $347,400 (45.4%) $452,816 (23.8%) 0.00 76
    2021-10-01 $329,900 (34.7%) $426,689 (7.8%) 0.00 82
    2021-11-01 $256,980 (3.9%) $347,336 (-12.5%) 0.00 85
    2021-12-01 $259,900 (-1.8%) $332,613 (-21.0%) 0.00 76
    2022-01-01 $272,450 (9.2%) $331,728 (-24.5%) 0.00 70
    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 (4.2%) $515,228 (6.4%) 0.00 102
    2022-07-01 $299,900 (2.6%) $520,660 (31.0%) 0.00 118
    2022-08-01 $319,908 (2.4%) $521,188 (22.3%) 0.00 119
    2022-09-01 $321,150 (-7.6%) $511,639 (13.0%) 0.00 124
    2022-10-01 $344,900 (4.6%) $522,023 (22.3%) 0.00 132
    2022-11-01 $307,475 (19.7%) $470,818 (35.6%) 0.00 164
    2022-12-01 $310,000 (19.3%) $463,081 (39.2%) 0.00 148
    2023-01-01 $309,450 (13.6%) $447,998 (35.1%) 0.00 143
    2023-02-01 $307,400 (7.0%) $419,175 (10.8%) 0.00 138
    McMinnville's median listing price for 2023-02-01 was $307,400, a difference of $20,225 (7.0%) versus the prior year and $-2,050 versus the prior month.

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

    McMinnville's average listing price for 2023-02-01 was $419,175, a difference of $40,798 (10.8%) versus the prior year and $-28,823 versus the prior month.

    For the 2023-02-01 period, McMinnville had 138 MLS listings, a difference of -5 listings (-3%) versus the prior month and 80 listings (138%) 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 1,824 sqft
    2019-05-01 0 days 2,028 sqft
    2019-06-01 0 days 2,074 sqft
    2019-07-01 0 days 2,071 sqft
    2019-08-01 0 days 2,201 sqft
    2019-09-01 0 days 2,176 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 1,820 sqft
    2020-07-01 0 days 1,869 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 1,821 sqft
    2021-07-01 0 days 1,762 sqft
    2021-08-01 0 days 1,829 sqft
    2021-09-01 0 days 1,919 sqft
    2021-10-01 0 days 1,892 sqft
    2021-11-01 0 days 1,608 sqft
    2021-12-01 0 days 1,710 sqft
    2022-01-01 0 days 1,758 sqft
    2022-02-01 0 days 1,849 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 1,920 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
    McMinnville's median listing age (time on market) for 2023-02-01 was 0 days.

    McMinnville's median square footage for active listings during the 2023-02-01 period was 1,794 sqft. One year prior, the average listing was 1,849 sqft.

    McMinnville, TN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 536 $115,710,000 $215,877
    Cash Out Refi 215 $37,305,000 $173,512
    Refi 171 $27,595,000 $161,374
    Other 37 $2,715,000 $73,378
    Home Improvement 34 $2,770,000 $81,471

    Mcminnville's most frequently cited loan purpose was Home Purchase, with 536 originations. The 2nd most popular reason was Cash Out Refi, with 215 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 240 $46,430,000 $193,458
    3-4% 207 $41,575,000 $200,845
    4-5% 204 $45,920,000 $225,098
    6-7% 117 $21,095,000 $180,299
    2.5-3% 45 $8,915,000 $198,111
    7-8% 35 $3,965,000 $113,286
    Over 8% 25 $2,425,000 $97,000
    <2.5% 10 $2,100,000 $210,000

    During 2022, Mcminnville's most frequently originated rate bucket was 5-6%, with 240 originations.

    Loan Sizing (McMinnville, TN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 379 $56,905,000 $150,145
    $200k-400k 349 $92,205,000 $264,198
    $100,000 or less 224 $13,030,000 $58,170
    $400k-600k 31 $14,615,000 $471,452
    $600k-1000k 8 $5,200,000 $650,000
    $Over $1MM 2 $4,140,000 $2,070,000

    McMinnville's loan sizing saw the bucket of loans from $100k-200k with 379 originations, totaling $56,905,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 391 $89,845,000 $229,783
    60-80% 223 $47,175,000 $211,547
    40-60% 118 $20,220,000 $171,356
    20-40% 69 $6,985,000 $101,232
    Under 20% 59 $2,295,000 $38,898
    Over 100% 18 $4,970,000 $276,111

    McMinnville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 391 originations, totaling $89,845,000 in origination value.