MORRISTOWN Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Morristown averaged
7%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.23% and
one month ago for the week of 2025-05-15, the
average rate was 7.1%.
Morristown's average rate one year ago was 7.24%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.35%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Morristown 30 Year Fixed Rate | 2025-06-18 | 7% |
| Morristown 30 Year Fixed Rate Refi | 2025-06-18 | 7.35% |
| Morristown 15 Year Fixed Rate | 2025-06-18 | 5.86% |
| Morristown 15 Year Fixed Rate Refi | 2025-06-18 | 6.06% |
| Morristown 30 Year FHA | 2025-06-18 | -0.08% |
| Morristown 30 Year FHA Refi | 2025-06-18 | -0.2% |
| Morristown 30 Year USDA | 2025-06-18 | -0.03% |
| Morristown 30 Year USDA Refi | 2025-06-18 | -0.2% |
| Morristown 30 Year VA | 2025-06-18 | -0.12% |
| Morristown 30 Year VA Refi | 2025-06-18 | -0.59% |
MORRISTOWN 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 MORRISTOWN, 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.).
MORRISTOWN Average Closing Costs & Other Stats
MORRISTOWN, TN's 147 lenders originated 3,266
loans during 2024. The total origination value was $753,370,000, with an average loan value of
$230,671.
MORRISTOWN's average closing costs are $5,768.
The top MORRISTOWN lender as defined by loan originations is QUICKEN LOANS, LLC, with
82 loans originated. Their average total fees are
$7,296, which is $1,852
higher than the next largest lender,
MORTGAGE INVESTORS GROUP, INC..
The lowest fee MORRISTOWN lenders (with over 10 loans originated) are
Commercial Bank ($1,370), DHI MORTGAGE COMPANY, LTD. ($2,301), First Horizon Bank ($3,602), CONSUMER Credit Union ($3,827) and EASTMAN ($4,464).
The lowest rate MORRISTOWN lenders (with over 10 loans originated) are
Commercial Bank (6.47%), CONSUMER Credit Union (6.48%), DHI MORTGAGE COMPANY, LTD. (6.55%), ORNL Federal Credit Union (6.67%) and MORTGAGE INVESTORS GROUP, INC. (6.71%).
MORRISTOWN, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $34,940,000 | $47,480,000 | 35.9% | 6.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $22,760,000 | $42,825,000 | 88.2% | 5.7% |
| MORTGAGE INVESTORS GROUP, INC. | $42,815,000 | $42,050,000 | -1.8% | 5.6% |
| KNOXVILLE TVA EMPLOYEES CREDIT UNION | $21,840,000 | $35,735,000 | 63.6% | 4.7% |
| EASTMAN | $12,790,000 | $31,550,000 | 146.7% | 4.2% |
| CMG MORTGAGE, INC. | $24,110,000 | $25,125,000 | 4.2% | 3.3% |
| DHI MORTGAGE COMPANY, LTD. | $50,415,000 | $22,745,000 | -54.9% | 3.0% |
| UNION HOME MORTGAGE CORP. | $12,280,000 | $21,885,000 | 78.2% | 2.9% |
| ORNL Federal Credit Union | $28,090,000 | $19,505,000 | -30.6% | 2.6% |
| Mortgage Research Center, LLC | $10,865,000 | $16,110,000 | 48.3% | 2.1% |
| FirstBank | $10,925,000 | $15,750,000 | 44.2% | 2.1% |
| Citizens National Bank | $11,555,000 | $14,835,000 | 28.4% | 2.0% |
| Farm Credit Mid-America, ACA | $4,645,000 | $14,650,000 | 215.4% | 1.9% |
| CONSUMER Credit Union | $12,505,000 | $11,900,000 | -4.8% | 1.6% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $11,920,000 | $11,880,000 | -0.3% | 1.6% |
| STOCKTON MORTGAGE CORPORATION | $3,020,000 | $11,705,000 | 287.6% | 1.6% |
| FREEDOM MORTGAGE CORPORATION | $4,870,000 | $11,645,000 | 139.1% | 1.5% |
| Citizens Bank and Trust Company of Grainger County | $9,745,000 | $10,875,000 | 11.6% | 1.4% |
| AMERICAN FINANCIAL RESOURCES, INC. | $5,410,000 | $9,855,000 | 82.2% | 1.3% |
| Commercial Bank | $8,860,000 | $8,655,000 | -2.3% | 1.1% |
| First Horizon Bank | $12,655,000 | $8,655,000 | -31.6% | 1.1% |
| BROKER SOLUTIONS, INC. | $5,240,000 | $8,205,000 | 56.6% | 1.1% |
| NEWREZ LLC | $2,460,000 | $7,520,000 | 205.7% | 1.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $860,000 | $7,220,000 | 739.5% | 1.0% |
| Arbor Realty Trust, Inc. | $7,195,000 | n/a | 1.0% | |
| Andrew Johnson Bank | $7,400,000 | $7,125,000 | -3.7% | 0.9% |
| LOANDEPOT.COM, LLC | $3,260,000 | $6,910,000 | 112.0% | 0.9% |
| Regions Bank | $7,045,000 | $6,870,000 | -2.5% | 0.9% |
| MOVEMENT MORTGAGE, LLC | $11,920,000 | $6,775,000 | -43.2% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $6,195,000 | $6,595,000 | 6.5% | 0.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,900,000 | $6,345,000 | 62.7% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $6,495,000 | $6,295,000 | -3.1% | 0.8% |
| Truist | $7,330,000 | $5,950,000 | -18.8% | 0.8% |
| EVERETT FINANCIAL, INC. | $4,295,000 | $5,880,000 | 36.9% | 0.8% |
| FIRST COMMUNITY MORTGAGE, INC. | $10,785,000 | $5,730,000 | -46.9% | 0.8% |
| Equity Prime Mortgage LLC | $1,345,000 | $5,670,000 | 321.6% | 0.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $6,000,000 | $5,335,000 | -11.1% | 0.7% |
| GUILD MORTGAGE COMPANY | $1,010,000 | $5,020,000 | 397.0% | 0.7% |
| Citizens Bank | $1,495,000 | $4,955,000 | 231.4% | 0.7% |
| Home Federal Bank of Tennessee | $6,365,000 | $4,905,000 | -22.9% | 0.7% |
| U.S. Bank | $9,375,000 | $4,850,000 | -48.3% | 0.6% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $4,325,000 | $4,575,000 | 5.8% | 0.6% |
| Community Trust Bank, Inc. | $5,445,000 | $4,450,000 | -18.3% | 0.6% |
| CARDINAL FINANCIAL | $10,450,000 | $3,895,000 | -62.7% | 0.5% |
| NEW DAY FINANCIAL, LLC | $1,430,000 | $3,725,000 | 160.5% | 0.5% |
| GVC MORTGAGE, INC. | $380,000 | $3,665,000 | 864.5% | 0.5% |
| HomeTrust Bank | $3,375,000 | $3,585,000 | 6.2% | 0.5% |
| GUARANTEED RATE, INC. | $1,205,000 | $3,320,000 | 175.5% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,680,000 | $3,150,000 | 17.5% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $735,000 | $2,765,000 | 276.2% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $1,130,000 | $2,710,000 | 139.8% | 0.4% |
| 21ST MORTGAGE CORPORATION | $2,600,000 | $2,655,000 | 2.1% | 0.4% |
| PNC Bank | $110,000 | $2,650,000 | 2,309.1% | 0.4% |
| The Federal Savings Bank | $3,455,000 | $2,630,000 | -23.9% | 0.3% |
| Y-12 Federal Credit Union | $1,235,000 | $2,605,000 | 110.9% | 0.3% |
| Wells Fargo Bank | $3,440,000 | $2,580,000 | -25.0% | 0.3% |
| Wolfe Financial, Inc | $1,450,000 | $2,580,000 | 77.9% | 0.3% |
| FIRST BANCORP | $1,140,000 | $2,550,000 | 123.7% | 0.3% |
| AmeriHome Mortgage Company, LLC | $1,575,000 | $2,510,000 | 59.4% | 0.3% |
| Sierra Pacific Mortgage Company, Inc. | $4,775,000 | $2,420,000 | -49.3% | 0.3% |
| USAA Federal Savings Bank | $1,495,000 | $2,420,000 | 61.9% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $875,000 | $2,410,000 | 175.4% | 0.3% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,175,000 | $2,345,000 | 99.6% | 0.3% |
| Gateway First Bank | $1,340,000 | $2,315,000 | 72.8% | 0.3% |
| Century Mortgage Company DBA Century Lending Company | $630,000 | $2,215,000 | 251.6% | 0.3% |
| JPMorgan Chase Bank | $980,000 | $2,155,000 | 119.9% | 0.3% |
| VILLAGE CAPITAL MORTGAGE | $700,000 | $2,095,000 | 199.3% | 0.3% |
| FIRST COLONY MORTGAGE CORPORATION | $2,030,000 | n/a | 0.3% | |
| 1ST SIGNATURE LENDING, LLC | $3,210,000 | $1,945,000 | -39.4% | 0.3% |
| INTERCOASTAL MORTGAGE COMPANY | $1,235,000 | $1,860,000 | 50.6% | 0.2% |
| SmartBank | $3,885,000 | $1,860,000 | -52.1% | 0.2% |
| Pinnacle Bank | $1,590,000 | $1,755,000 | 10.4% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $1,745,000 | $1,670,000 | -4.3% | 0.2% |
| CORNERSTONE HOME LENDING, INC. | $785,000 | $1,660,000 | 111.5% | 0.2% |
| NexBank | $470,000 | $1,595,000 | 239.4% | 0.2% |
| First Century Bank | $2,150,000 | $1,545,000 | -28.1% | 0.2% |
| ROSS MORTGAGE CORPORATION | $1,065,000 | $1,530,000 | 43.7% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $1,280,000 | $1,520,000 | 18.8% | 0.2% |
| Countybank | $185,000 | $1,495,000 | 708.1% | 0.2% |
| Citizens Bank | $1,495,000 | $1,435,000 | -4.0% | 0.2% |
| SUMMIT FUNDING, INC. | $1,340,000 | n/a | 0.2% | |
| Bank of America | $1,700,000 | $1,335,000 | -21.5% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $955,000 | $1,330,000 | 39.3% | 0.2% |
| NEXERA HOLDING LLC | $1,330,000 | n/a | 0.2% | |
| Tennessee State Bank | $150,000 | $1,325,000 | 783.3% | 0.2% |
| Bell Bank | $1,305,000 | n/a | 0.2% | |
| Figure Lending LLC | $325,000 | $1,275,000 | 292.3% | 0.2% |
| Peoples Bank of the South | $3,215,000 | $1,275,000 | -60.3% | 0.2% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $515,000 | $1,245,000 | 141.7% | 0.2% |
| The Huntington National Bank | $1,130,000 | $1,245,000 | 10.2% | 0.2% |
| AMERICAN FINANCING CORPORATION | $290,000 | $1,235,000 | 325.9% | 0.2% |
| SUN WEST MORTGAGE COMPANY, INC. | $410,000 | $1,145,000 | 179.3% | 0.2% |
| Charles Schwab Bank, SSB | $1,125,000 | n/a | 0.1% | |
| Renasant Bank | $1,485,000 | $1,110,000 | -25.3% | 0.1% |
| Flagstar Bank, FSB | $610,000 | $1,105,000 | 81.1% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $225,000 | $1,060,000 | 371.1% | 0.1% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $1,050,000 | n/a | 0.1% | |
| CANOPY MORTGAGE, LLC | $1,015,000 | n/a | 0.1% | |
| LENDSURE MORTGAGE CORP. | $285,000 | $1,010,000 | 254.4% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $440,000 | $975,000 | 121.6% | 0.1% |
| The Loan Store, Inc. | $975,000 | n/a | 0.1% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $705,000 | $970,000 | 37.6% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $765,000 | $935,000 | 22.2% | 0.1% |
| KNOXVILLE TEACHERS FEDERAL CREDIT UNION | $310,000 | $920,000 | 196.8% | 0.1% |
| MILEND, INC. | $505,000 | $915,000 | 81.2% | 0.1% |
| SouthEast Bank | $830,000 | $915,000 | 10.2% | 0.1% |
| ZILLOW HOME LOANS, LLC | $520,000 | $910,000 | 75.0% | 0.1% |
| Stifel Bank and Trust | $895,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $945,000 | $885,000 | -6.3% | 0.1% |
| Discover Bank | $730,000 | $865,000 | 18.5% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $865,000 | $855,000 | -1.2% | 0.1% |
| Carrington Mortgage Services, LLC | $2,790,000 | $850,000 | -69.5% | 0.1% |
| Magnolia Bank | $840,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $275,000 | $835,000 | 203.6% | 0.1% |
| Northpointe Bank | $1,810,000 | $820,000 | -54.7% | 0.1% |
| U. T. | $175,000 | $805,000 | 360.0% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $1,050,000 | $795,000 | -24.3% | 0.1% |
| Bank of Cleveland | $765,000 | n/a | 0.1% | |
| GENEVA FINANCIAL, LLC | $765,000 | n/a | 0.1% | |
| Peoples Bank | $765,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $745,000 | n/a | 0.1% | |
| ALLIANT CREDIT UNION | $75,000 | $730,000 | 873.3% | 0.1% |
| NFM, INC. | $1,805,000 | $730,000 | -59.6% | 0.1% |
| PLANET HOME LENDING, LLC | $530,000 | $725,000 | 36.8% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $225,000 | $715,000 | 217.8% | 0.1% |
| First State Bank of the Southeast, Inc. | $240,000 | $650,000 | 170.8% | 0.1% |
| MLD MORTGAGE INC. | $625,000 | n/a | 0.1% | |
| ENRICHMENT | $2,015,000 | $620,000 | -69.2% | 0.1% |
| Capital City Home Loans, LLC | $615,000 | n/a | 0.1% | |
| MICHIGAN MUTUAL, INC. | $375,000 | $610,000 | 62.7% | 0.1% |
| First Mid Bank & Trust | $595,000 | n/a | 0.1% | |
| S1L, Inc. | $595,000 | n/a | 0.1% | |
| First-Citizens Bank & Trust Company | $1,645,000 | $585,000 | -64.4% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $575,000 | n/a | 0.1% | |
| United Community Bank | $25,000 | $570,000 | 2,180.0% | 0.1% |
| Mountain Valley Bank | $565,000 | n/a | 0.1% | |
| Orion Federal Credit Union | $565,000 | n/a | 0.1% | |
| The Central Trust Bank | $565,000 | n/a | 0.1% | |
| DIRECT MORTGAGE LOANS, LLC | $560,000 | n/a | 0.1% | |
| Ixonia Bank | $555,000 | n/a | 0.1% | |
| Performance Financial, Inc. | $555,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $355,000 | $545,000 | 53.5% | 0.1% |
| Simmons Bank | $545,000 | n/a | 0.1% | |
| American Mortgage & Equity Consultants, Inc. | $235,000 | $530,000 | 125.5% | 0.1% |
| BMO Harris Bank | $525,000 | n/a | 0.1% | |
| UNITED | $25,000 | $525,000 | 2,000.0% | 0.1% |
| LOANPAL, LLC | $515,000 | n/a | 0.1% | |
| VERITAS FUNDING, LLC | $510,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $150,000 | $505,000 | 236.7% | 0.1% |
| Sunflower Bank | $505,000 | n/a | 0.1% | |
| TEACHERS | $485,000 | n/a | 0.1% | |
| DIGITAL Federal Credit Union | $480,000 | n/a | 0.1% | |
| Forcht Bank | $475,000 | n/a | 0.1% | |
| Nations Lending Corporation | $240,000 | $475,000 | 97.9% | 0.1% |
| UBANK | $475,000 | n/a | 0.1% | |
| ALAMEDA MORTGAGE CORPORATION | $765,000 | $470,000 | -38.6% | 0.1% |
| GMFS LLC | $465,000 | n/a | 0.1% | |
| OCMBC, INC. | $465,000 | n/a | 0.1% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $460,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $95,000 | $450,000 | 373.7% | 0.1% |
| CU COMMUNITY, LLC | $215,000 | $450,000 | 109.3% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $280,000 | $450,000 | 60.7% | 0.1% |
| RUOFF MORTGAGE COMPANY, INC. | $205,000 | $440,000 | 114.6% | 0.1% |
| First Federal Bank | $1,190,000 | $435,000 | -63.4% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $430,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $425,000 | n/a | 0.1% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $230,000 | $420,000 | 82.6% | 0.1% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $415,000 | n/a | 0.1% | |
| CSL Financial, LLC | $400,000 | n/a | 0.1% | |
| BM Real Estate Services, Inc. | $395,000 | n/a | 0.1% | |
| FLAT BRANCH MORTGAGE, INC. | $165,000 | $395,000 | 139.4% | 0.1% |
| Baxter Credit Union | $390,000 | $385,000 | -1.3% | 0.1% |
| BETTER MORTGAGE CORPORATION | $665,000 | $375,000 | -43.6% | 0.0% |
| BAY EQUITY LLC | $165,000 | $370,000 | 124.2% | 0.0% |
| American Security Mortgage Corp. | $365,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $305,000 | $365,000 | 19.7% | 0.0% |
| MORTGAGE ACCESS CORP. | $355,000 | n/a | 0.0% | |
| CBBC Bank | $720,000 | $350,000 | -51.4% | 0.0% |
| Bank of England | $530,000 | $345,000 | -34.9% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $210,000 | $345,000 | 64.3% | 0.0% |
| LADERA LENDING, INC. | $235,000 | $335,000 | 42.6% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $695,000 | $335,000 | -51.8% | 0.0% |
| SOUTHWEST FUNDING, LP | $335,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $325,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $320,000 | n/a | 0.0% | |
| JMJ FINANCIAL GROUP | $315,000 | n/a | 0.0% | |
| Morgan Stanley Private Bank | $445,000 | $315,000 | -29.2% | 0.0% |
| Northwest Federal Credit Union | $315,000 | n/a | 0.0% | |
| Mid-Continent Funding, Inc. | $305,000 | n/a | 0.0% | |
| HomePromise Corporation | $295,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $570,000 | $285,000 | -50.0% | 0.0% |
| DELMAR FINANCIAL COMPANY | $285,000 | n/a | 0.0% | |
| First Federal Savings Bank | $285,000 | n/a | 0.0% | |
| GUARANTY MORTGAGE SERVICES, L.L.C. | $275,000 | n/a | 0.0% | |
| V.I.P. MORTGAGE, INC. | $275,000 | n/a | 0.0% | |
| Coastal Community Bank | $480,000 | $265,000 | -44.8% | 0.0% |
| Farmers Bank & Trust | $265,000 | n/a | 0.0% | |
| HONDA Federal Credit Union | $260,000 | n/a | 0.0% | |
| Grow Financial Federal Credit Union | $255,000 | n/a | 0.0% | |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $255,000 | n/a | 0.0% | |
| INTELLILOAN, INC. | $255,000 | n/a | 0.0% | |
| INTERLINC MORTGAGE SERVICES, LLC | $495,000 | $245,000 | -50.5% | 0.0% |
| MORTGAGE MANAGEMENT CONSULTANTS, INC. | $245,000 | n/a | 0.0% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,185,000 | $245,000 | -79.3% | 0.0% |
| TOWNE MORTGAGE COMPANY | $530,000 | $245,000 | -53.8% | 0.0% |
| Prosperity Home Mortgage, LLC | $245,000 | $235,000 | -4.1% | 0.0% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $235,000 | n/a | 0.0% | |
| First National Bank of America | $505,000 | $225,000 | -55.4% | 0.0% |
| THE TENNESSEE CREDIT UNION | $705,000 | $225,000 | -68.1% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $695,000 | $225,000 | -67.6% | 0.0% |
| A&D Mortgage LLC | $500,000 | $215,000 | -57.0% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $360,000 | $215,000 | -40.3% | 0.0% |
| AXIA FINANCIAL, LLC | $215,000 | n/a | 0.0% | |
| Brighton Bank | $215,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $105,000 | $215,000 | 104.8% | 0.0% |
| Old National Bank | $215,000 | n/a | 0.0% | |
| Wilson Bank And Trust | $525,000 | $215,000 | -59.0% | 0.0% |
| COMPASS MORTGAGE, INC. | $2,160,000 | $205,000 | -90.5% | 0.0% |
| Princeton Mortgage Corporation | $230,000 | $205,000 | -10.9% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $85,000 | $200,000 | 135.3% | 0.0% |
| Legends Bank | $195,000 | n/a | 0.0% | |
| Presidential Bank, FSB | $195,000 | n/a | 0.0% | |
| The Fidelity Bank | $195,000 | n/a | 0.0% | |
| AMERICAN MORTGAGE SERVICES INCORPORATED | $185,000 | n/a | 0.0% | |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $245,000 | $185,000 | -24.5% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $840,000 | $185,000 | -78.0% | 0.0% |
| Appalachian Community Federal Credit Union | $655,000 | $180,000 | -72.5% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $620,000 | $175,000 | -71.8% | 0.0% |
| ENDEAVOR CAPITAL, LLC. | $215,000 | $175,000 | -18.6% | 0.0% |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $175,000 | n/a | 0.0% | |
| FIRST HOME MORTGAGE CORPORATION | $175,000 | n/a | 0.0% | |
| Investmark Mortgage, LLC | $175,000 | n/a | 0.0% | |
| POLARIS HOME FUNDING CORP. | $175,000 | n/a | 0.0% | |
| STATE EMPLOYEES' | $940,000 | $175,000 | -81.4% | 0.0% |
| BOKF | $165,000 | n/a | 0.0% | |
| AMERICAN HERITAGE FCU | $155,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $135,000 | $155,000 | 14.8% | 0.0% |
| PHH Mortgage Corporation | $310,000 | $155,000 | -50.0% | 0.0% |
| KeyBank | $335,000 | $145,000 | -56.7% | 0.0% |
| Fifth Third Bank | $260,000 | $140,000 | -46.2% | 0.0% |
| Commerce Home Mortgage, Inc. | $565,000 | $135,000 | -76.1% | 0.0% |
| ACHIEVA CREDIT UNION | $125,000 | n/a | 0.0% | |
| CIS Financial Services, Inc. | $115,000 | n/a | 0.0% | |
| South State Bank | $115,000 | n/a | 0.0% | |
| GTE Federal Credit Union | $130,000 | $110,000 | -15.4% | 0.0% |
| ASCEND FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $460,000 | $105,000 | -77.2% | 0.0% |
| MYCUMORTGAGE, LLC | $95,000 | n/a | 0.0% | |
| Mountain Commerce Bank | $445,000 | $65,000 | -85.4% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $860,000 | $65,000 | -92.4% | 0.0% |
| Apex Bank | $1,135,000 | $60,000 | -94.7% | 0.0% |
| MidFirst Bank | $55,000 | n/a | 0.0% | |
| CORPORATE AMERICA FAMILY | $45,000 | n/a | 0.0% | |
| TNConnect Credit Union | $25,000 | $45,000 | 80.0% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $25,000 | n/a | 0.0% |
MORRISTOWN's top lender by overall market share is QUICKEN LOANS, LLC, with 6.3% market share. In second place, with 5.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $42,825,000 in loans. In third place, with 5.6%, is MORTGAGE INVESTORS GROUP, INC., having originated $42,050,000 in loans. In fourth place, with 4.7%, is KNOXVILLE TVA EMPLOYEES CREDIT UNION, having originated $35,735,000 in loans. In fifth place, with 4.2%, is EASTMAN, having originated $31,550,000 in loans.
MORRISTOWN, TN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,777 | $499,985,000 | $281,365 |
| Cash Out Refi | 728 | $135,350,000 | $185,920 |
| Refi | 286 | $72,090,000 | $252,063 |
| Home Improvement | 253 | $22,665,000 | $89,585 |
| Other | 222 | $23,280,000 | $104,865 |
Morristown's most frequently cited loan purpose was Home Purchase, with 1,777 originations. The 2nd most popular reason was Cash Out Refi, with 728 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,307 | $337,965,000 | $258,581 |
| 5-6% | 603 | $152,525,000 | $252,944 |
| 7-8% | 590 | $145,390,000 | $246,424 |
| Over 8% | 588 | $69,450,000 | $118,112 |
| 4-5% | 26 | $5,490,000 | $211,154 |
| <2.5% | 20 | $2,460,000 | $123,000 |
| 3-4% | 3 | $495,000 | $165,000 |
| 2.5-3% | 2 | $330,000 | $165,000 |
During 2024, Morristown's most frequently originated rate bucket was 6-7%, with 1,307 originations.
Loan Sizing (MORRISTOWN, TN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,330 | $362,720,000 | $272,722 |
| $100k-200k | 825 | $125,085,000 | $151,618 |
| $100,000 or less | 767 | $41,395,000 | $53,970 |
| $400k-600k | 249 | $120,445,000 | $483,715 |
| $600k-1000k | 83 | $59,205,000 | $713,313 |
| $Over $1MM | 12 | $44,520,000 | $3,710,000 |
MORRISTOWN's loan sizing saw the bucket of loans from $200k-400k with 1,330 originations, totaling $362,720,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,221 | $343,935,000 | $281,683 |
| 60-80% | 585 | $182,615,000 | $312,162 |
| Under 20% | 421 | $20,705,000 | $49,181 |
| 20-40% | 403 | $49,085,000 | $121,799 |
| 40-60% | 364 | $76,410,000 | $209,918 |
| Over 100% | 71 | $18,355,000 | $258,521 |
MORRISTOWN's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,221 originations, totaling $343,935,000 in origination value.