MORRISTOWN Mortgage Rates
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Morristown averaged
5.35%
for the week of 2022-05-12, compared to the national average of
5.3% for the same period.
The average rate for the prior week (2022-05-05) was
5.52% and
one month ago for the week of 2022-04-07, the
average rate was 4.87%.
Morristown's average rate one year ago was 2.99%.
For refis of the same type during the week of 2022-05-12, the average rate
was 5.61%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-05-12 | 5.3% |
| Morristown 30 Year Fixed Rate | 2022-05-12 | 5.35% |
| Morristown 30 Year Fixed Rate Refi | 2022-05-12 | 5.61% |
| Morristown 15 Year Fixed Rate | 2022-05-12 | 4.99% |
| Morristown 15 Year Fixed Rate Refi | 2022-05-12 | 4.85% |
| Morristown 30 Year FHA | 2022-05-12 | 5.41% |
| Morristown 30 Year FHA Refi | 2022-05-12 | 5.35% |
| Morristown 30 Year USDA | 2022-05-12 | 5.25% |
| Morristown 30 Year USDA Refi | 2022-05-12 | 5.05% |
| Morristown 30 Year VA | 2022-05-12 | 5.37% |
| Morristown 30 Year VA Refi | 2022-05-12 | 5.16% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MORRISTOWN, TN.
MORRISTOWN Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, 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, TN's 189 lenders originated 5,196
loans during 2021. The total origination value was $1,080,070,000, with an average loan value of
$207,866.
The top MORRISTOWN lender as defined by loan originations is MORTGAGE INVESTORS GROUP, INC., with
192 loans originated. Their average total fees are
$3,806, which is $1,006
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee MORRISTOWN lenders (with over 10 loans originated) are
Commercial Bank ($1,203), DHI MORTGAGE COMPANY, LTD. ($2,111), CONSUMER Credit Union ($2,739), EASTMAN ($2,853) and Wells Fargo Bank ($2,891).
The lowest rate MORRISTOWN lenders (with over 10 loans originated) are
Home Federal Bank of Tennessee (2.77%), ORNL Federal Credit Union (2.80%), HomeTrust Bank (2.90%), Bank of America (2.91%) and Community Trust Bank, Inc. (2.92%).
MORRISTOWN, TN Lender 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| MORTGAGE INVESTORS GROUP, INC. | $80,435,000 | $88,380,000 | 9.9% | 8.2% |
| QUICKEN LOANS, LLC | $57,905,000 | $81,380,000 | 40.5% | 7.5% |
| KNOXVILLE TVA EMPLOYEES CREDIT UNION | $43,975,000 | $49,860,000 | 13.4% | 4.6% |
| CONSUMER Credit Union | $26,400,000 | $35,330,000 | 33.8% | 3.3% |
| EASTMAN | $9,955,000 | $33,540,000 | 236.9% | 3.1% |
| CMG MORTGAGE, INC. | $38,395,000 | $32,895,000 | -14.3% | 3.0% |
| FREEDOM MORTGAGE CORPORATION | $28,345,000 | $30,155,000 | 6.4% | 2.8% |
| ORNL Federal Credit Union | $23,370,000 | $29,435,000 | 26.0% | 2.7% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $15,435,000 | $25,095,000 | 62.6% | 2.3% |
| U.S. Bank | $15,765,000 | $21,385,000 | 35.6% | 2.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $9,985,000 | $19,965,000 | 99.9% | 1.8% |
| HomeTrust Bank | $9,745,000 | $19,730,000 | 102.5% | 1.8% |
| Farm Credit Mid-America, ACA | $15,965,000 | $18,230,000 | 14.2% | 1.7% |
| LOANDEPOT.COM, LLC | $10,265,000 | $17,875,000 | 74.1% | 1.7% |
| FirstBank | $14,275,000 | $17,390,000 | 21.8% | 1.6% |
| Mortgage Research Center, LLC | $9,900,000 | $16,655,000 | 68.2% | 1.5% |
| Regions Bank | $16,550,000 | $16,405,000 | -0.9% | 1.5% |
| BROKER SOLUTIONS, INC. | $15,505,000 | $15,745,000 | 1.5% | 1.5% |
| First Horizon Bank | $6,495,000 | $14,590,000 | 124.6% | 1.4% |
| PENNYMAC LOAN SERVICES, LLC | $5,815,000 | $14,100,000 | 142.5% | 1.3% |
| Home Federal Bank of Tennessee | $6,880,000 | $13,865,000 | 101.5% | 1.3% |
| Truist Bank | $15,785,000 | $13,645,000 | -13.6% | 1.3% |
| MOVEMENT MORTGAGE, LLC | $9,580,000 | $13,510,000 | 41.0% | 1.3% |
| Wells Fargo Bank | $8,135,000 | $13,390,000 | 64.6% | 1.2% |
| FIRST COMMUNITY MORTGAGE, INC. | $3,300,000 | $13,190,000 | 299.7% | 1.2% |
| Citizens National Bank | $14,735,000 | $12,610,000 | -14.4% | 1.2% |
| INTERLINC MORTGAGE SERVICES, LLC | $12,375,000 | n/a | 1.1% | |
| HOME POINT FINANCIAL CORPORATION | $5,560,000 | $11,355,000 | 104.2% | 1.1% |
| Community Trust Bank, Inc. | $11,775,000 | $11,305,000 | -4.0% | 1.0% |
| Citizens Bank | $2,155,000 | $11,225,000 | 420.9% | 1.0% |
| ACADEMY MORTGAGE CORPORATION | $11,995,000 | $11,015,000 | -8.2% | 1.0% |
| Commercial Bank | $6,785,000 | $10,620,000 | 56.5% | 1.0% |
| DHI MORTGAGE COMPANY, LTD. | $4,265,000 | $10,570,000 | 147.8% | 1.0% |
| Andrew Johnson Bank | $8,410,000 | $8,455,000 | 0.5% | 0.8% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $9,135,000 | $8,270,000 | -9.5% | 0.8% |
| JPMorgan Chase Bank | $3,480,000 | $8,040,000 | 131.0% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $11,310,000 | $7,775,000 | -31.3% | 0.7% |
| NEWREZ LLC | $5,620,000 | $7,725,000 | 37.5% | 0.7% |
| AMERISAVE MORTGAGE CORPORATION | $4,030,000 | $7,185,000 | 78.3% | 0.7% |
| CALIBER HOME LOANS, INC. | $6,090,000 | $6,720,000 | 10.3% | 0.6% |
| LAKEVIEW LOAN SERVICING, LLC | $3,475,000 | $6,675,000 | 92.1% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $6,155,000 | $6,055,000 | -1.6% | 0.6% |
| NEW DAY FINANCIAL, LLC | $4,395,000 | $5,955,000 | 35.5% | 0.6% |
| Gateway First Bank | $9,285,000 | $5,490,000 | -40.9% | 0.5% |
| BAY EQUITY LLC | $2,605,000 | $4,785,000 | 83.7% | 0.4% |
| Pinnacle Bank | $2,500,000 | $4,625,000 | 85.0% | 0.4% |
| Bank of America | $2,205,000 | $4,350,000 | 97.3% | 0.4% |
| AMERICAN FINANCIAL RESOURCES, INC. | $4,010,000 | $4,260,000 | 6.2% | 0.4% |
| United Community Bank | $2,900,000 | $4,255,000 | 46.7% | 0.4% |
| Sierra Pacific Mortgage Company, Inc. | $1,645,000 | $4,145,000 | 152.0% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,080,000 | $4,080,000 | 32.5% | 0.4% |
| 21ST MORTGAGE CORPORATION | $2,810,000 | $3,915,000 | 39.3% | 0.4% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $4,305,000 | $3,910,000 | -9.2% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $2,980,000 | $3,865,000 | 29.7% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $575,000 | $3,825,000 | 565.2% | 0.4% |
| Y-12 Federal Credit Union | $2,485,000 | $3,805,000 | 53.1% | 0.4% |
| Mountain Commerce Bank | $1,255,000 | $3,800,000 | 202.8% | 0.4% |
| A Mortgage Boutique, LLC | $17,175,000 | $3,755,000 | -78.1% | 0.3% |
| First Century Bank | $4,095,000 | $3,710,000 | -9.4% | 0.3% |
| UNION HOME MORTGAGE CORP. | $2,805,000 | $3,645,000 | 29.9% | 0.3% |
| Renasant Bank | $1,520,000 | $3,515,000 | 131.3% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $3,920,000 | $3,510,000 | -10.5% | 0.3% |
| STOCKTON MORTGAGE CORPORATION | $3,900,000 | $3,475,000 | -10.9% | 0.3% |
| CHURCHILL MORTGAGE CORPORATION | $2,015,000 | $3,075,000 | 52.6% | 0.3% |
| Bank of Tennessee | $750,000 | $3,050,000 | 306.7% | 0.3% |
| The Huntington National Bank | $965,000 | $3,045,000 | 215.5% | 0.3% |
| Bank of England | $1,645,000 | $2,990,000 | 81.8% | 0.3% |
| BETTER MORTGAGE CORPORATION | $2,540,000 | $2,960,000 | 16.5% | 0.3% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,325,000 | $2,850,000 | 115.1% | 0.3% |
| Fifth Third Bank | $1,255,000 | $2,745,000 | 118.7% | 0.3% |
| VILLAGE CAPITAL & INVESTMENT LLC | $2,750,000 | $2,655,000 | -3.5% | 0.2% |
| Hometown Lenders, Inc. | $1,685,000 | $2,570,000 | 52.5% | 0.2% |
| AMERICAN FINANCING CORPORATION | $735,000 | $2,470,000 | 236.1% | 0.2% |
| Flagstar Bank, FSB | $820,000 | $2,445,000 | 198.2% | 0.2% |
| CRESCENT MORTGAGE COMPANY | $2,400,000 | $2,420,000 | 0.8% | 0.2% |
| AMERICAN MORTGAGE SERVICE COMPANY | $2,120,000 | $2,405,000 | 13.4% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $735,000 | $2,380,000 | 223.8% | 0.2% |
| 1ST SIGNATURE LENDING, LLC | $380,000 | $2,330,000 | 513.2% | 0.2% |
| Peoples Bank of the South | $995,000 | $2,290,000 | 130.2% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $1,860,000 | $2,215,000 | 19.1% | 0.2% |
| IMPAC MORTGAGE CORP. | $580,000 | $2,160,000 | 272.4% | 0.2% |
| CLEARPATH LENDING | $2,170,000 | $2,155,000 | -0.7% | 0.2% |
| CU COMMUNITY, LLC | $2,540,000 | $2,155,000 | -15.2% | 0.2% |
| Tennessee State Bank | $700,000 | $2,150,000 | 207.1% | 0.2% |
| GUILD MORTGAGE COMPANY | $2,640,000 | $1,965,000 | -25.6% | 0.2% |
| GUARANTEED RATE, INC. | $2,330,000 | $1,910,000 | -18.0% | 0.2% |
| Northpointe Bank | $1,905,000 | n/a | 0.2% | |
| USAA Federal Savings Bank | $2,330,000 | $1,810,000 | -22.3% | 0.2% |
| UBS Bank USA | $1,805,000 | n/a | 0.2% | |
| First Guaranty Mortgage Corporation | $670,000 | $1,770,000 | 164.2% | 0.2% |
| ISERVE RESIDENTIAL LENDING, LLC | $1,495,000 | $1,665,000 | 11.4% | 0.2% |
| SmartBank | $1,295,000 | $1,645,000 | 27.0% | 0.2% |
| Countybank | $1,070,000 | $1,640,000 | 53.3% | 0.2% |
| Carrington Mortgage Services, LLC | $3,770,000 | $1,610,000 | -57.3% | 0.1% |
| FIRST BANCORP, INC. | $665,000 | $1,605,000 | 141.4% | 0.1% |
| LegacyBank | $2,960,000 | $1,600,000 | -45.9% | 0.1% |
| Charles Schwab Bank, SSB | $1,590,000 | n/a | 0.1% | |
| TJC Mortgage, Inc. | $1,480,000 | $1,570,000 | 6.1% | 0.1% |
| InterContinental Capital Group, Inc | $1,780,000 | $1,515,000 | -14.9% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $1,900,000 | $1,455,000 | -23.4% | 0.1% |
| Home Federal Bank Corporation | $340,000 | $1,430,000 | 320.6% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $1,365,000 | $1,395,000 | 2.2% | 0.1% |
| Colten Mortgage, LLC | $1,330,000 | n/a | 0.1% | |
| Wolfe Financial, Inc | $905,000 | $1,325,000 | 46.4% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $165,000 | $1,300,000 | 687.9% | 0.1% |
| Valley National Bank | $225,000 | $1,275,000 | 466.7% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $1,385,000 | $1,265,000 | -8.7% | 0.1% |
| Nations Lending Corporation | $590,000 | $1,250,000 | 111.9% | 0.1% |
| Princeton Mortgage Corporation | $1,250,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $980,000 | $1,240,000 | 26.5% | 0.1% |
| STATE EMPLOYEES' | $745,000 | $1,220,000 | 63.8% | 0.1% |
| MYCUMORTGAGE, LLC | $1,555,000 | $1,175,000 | -24.4% | 0.1% |
| The Federal Savings Bank | $1,825,000 | $1,165,000 | -36.2% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $2,320,000 | $1,160,000 | -50.0% | 0.1% |
| T2 FINANCIAL LLC | $1,345,000 | $1,150,000 | -14.5% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $645,000 | $1,115,000 | 72.9% | 0.1% |
| Ally Bank | $305,000 | $1,110,000 | 263.9% | 0.1% |
| LADERA LENDING, INC. | $1,110,000 | n/a | 0.1% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $610,000 | $1,110,000 | 82.0% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $645,000 | $1,080,000 | 67.4% | 0.1% |
| Low VA Rates, LLC | $2,165,000 | $1,075,000 | -50.3% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $710,000 | $1,065,000 | 50.0% | 0.1% |
| Washington Trust Bank | $995,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $450,000 | $990,000 | 120.0% | 0.1% |
| North American Savings Bank, F.S.B. | $445,000 | $985,000 | 121.3% | 0.1% |
| First-Citizens Bank & Trust Company | $895,000 | $950,000 | 6.1% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $900,000 | n/a | 0.1% | |
| SOUTHWEST FUNDING, LP | $580,000 | $890,000 | 53.4% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $870,000 | n/a | 0.1% | |
| Wilson Bank And Trust | $860,000 | n/a | 0.1% | |
| SOUTH CENTRAL BANK, INC. | $265,000 | $855,000 | 222.6% | 0.1% |
| Simmons Bank | $805,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $890,000 | $800,000 | -10.1% | 0.1% |
| GUARANTY HOME MORTGAGE CORPORATION | $3,590,000 | $780,000 | -78.3% | 0.1% |
| Mid-Continent Funding, Inc. | $105,000 | $780,000 | 642.9% | 0.1% |
| UNITED MORTGAGE CORP. | $220,000 | $745,000 | 238.6% | 0.1% |
| AmeriHome Mortgage Company, LLC | $1,455,000 | $740,000 | -49.1% | 0.1% |
| NP, Inc. | $440,000 | $725,000 | 64.8% | 0.1% |
| LIMA ONE CAPITAL, LLC | $720,000 | n/a | 0.1% | |
| Great Southern Bank | $705,000 | n/a | 0.1% | |
| Colonial Savings, F.A. | $700,000 | n/a | 0.1% | |
| KNOXVILLE TEACHERS FEDERAL CREDIT UNION | $1,125,000 | $680,000 | -39.6% | 0.1% |
| Equity Prime Mortgage LLC | $655,000 | n/a | 0.1% | |
| City National Bank | $645,000 | n/a | 0.1% | |
| One Bank of Tennessee | $645,000 | n/a | 0.1% | |
| CITY EMPLOYEES CREDIT UNION | $200,000 | $640,000 | 220.0% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $125,000 | $630,000 | 404.0% | 0.1% |
| New Peoples Bank, Inc. | $605,000 | n/a | 0.1% | |
| DAS Acquisition Company, LLC | $595,000 | n/a | 0.1% | |
| Visio Financial Services Inc. | $595,000 | n/a | 0.1% | |
| GENEVA FINANCIAL, LLC | $915,000 | $590,000 | -35.5% | 0.1% |
| THE MORTGAGE FIRM, INC. | $95,000 | $590,000 | 521.1% | 0.1% |
| Atlantic Coast Mortgage, LLC | $575,000 | n/a | 0.1% | |
| Ameris Bank | $1,015,000 | $570,000 | -43.8% | 0.1% |
| ZILLOW HOME LOANS, LLC | $550,000 | $570,000 | 3.6% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $665,000 | $565,000 | -15.0% | 0.1% |
| U. T. | $765,000 | $555,000 | -27.5% | 0.1% |
| First Community Bank | $495,000 | $550,000 | 11.1% | 0.1% |
| PREMIER AMERICA | $550,000 | n/a | 0.1% | |
| THE TENNESSEE CREDIT UNION | $450,000 | $540,000 | 20.0% | 0.0% |
| AMERICAN ADVISORS GROUP | $305,000 | $525,000 | 72.1% | 0.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $75,000 | $515,000 | 586.7% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $115,000 | $510,000 | 343.5% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $285,000 | $510,000 | 78.9% | 0.0% |
| Elizabethton Federal Savings Bank | $505,000 | n/a | 0.0% | |
| CORNERSTONE HOME LENDING, INC. | $155,000 | $500,000 | 222.6% | 0.0% |
| AMCAP MORTGAGE, LTD. | $350,000 | $495,000 | 41.4% | 0.0% |
| PNC Bank | $480,000 | $495,000 | 3.1% | 0.0% |
| SouthEast Bank | $135,000 | $490,000 | 263.0% | 0.0% |
| RESOURCE FINANCIAL SERVICES, INC. | $475,000 | n/a | 0.0% | |
| SOUTHERN TRUST MORTGAGE, LLC | $445,000 | $455,000 | 2.2% | 0.0% |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $445,000 | n/a | 0.0% | |
| Manufacturers and Traders Trust Company | $415,000 | $445,000 | 7.2% | 0.0% |
| Deere Employees Credit Union | $465,000 | $425,000 | -8.6% | 0.0% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $420,000 | n/a | 0.0% | |
| BELEM SERVICING LLC | $420,000 | n/a | 0.0% | |
| First Citizens National Bank | $175,000 | $420,000 | 140.0% | 0.0% |
| GoPrime Mortgage, Inc. | $385,000 | $410,000 | 6.5% | 0.0% |
| STEARNS LENDING, LLC | $175,000 | $410,000 | 134.3% | 0.0% |
| TIAA, FSB | $305,000 | $410,000 | 34.4% | 0.0% |
| MCLEAN MORTGAGE CORPORATION | $405,000 | n/a | 0.0% | |
| South State Bank | $115,000 | $405,000 | 252.2% | 0.0% |
| First Savings Bank | $785,000 | $395,000 | -49.7% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $150,000 | $395,000 | 163.3% | 0.0% |
| First Federal Bank of Kansas City | $385,000 | n/a | 0.0% | |
| FIRST HOME MORTGAGE CORPORATION | $385,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $385,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $380,000 | n/a | 0.0% | |
| BancorpSouth Bank | $225,000 | $380,000 | 68.9% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $585,000 | $380,000 | -35.0% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $820,000 | $375,000 | -54.3% | 0.0% |
| Citizens Bank | $2,155,000 | $375,000 | -82.6% | 0.0% |
| PLANET HOME LENDING, LLC | $375,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $755,000 | $370,000 | -51.0% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $225,000 | $370,000 | 64.4% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $1,105,000 | $370,000 | -66.5% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $365,000 | n/a | 0.0% | |
| ENRICHMENT | $970,000 | $365,000 | -62.4% | 0.0% |
| FBC MORTGAGE, LLC | $365,000 | n/a | 0.0% | |
| HANCOCK MORTGAGE PARTNERS, LLC | $1,410,000 | $360,000 | -74.5% | 0.0% |
| Prime Choice Funding Inc. | $195,000 | $355,000 | 82.1% | 0.0% |
| Alcova Mortgage LLC | $235,000 | $350,000 | 48.9% | 0.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $165,000 | $340,000 | 106.1% | 0.0% |
| SUMMIT FUNDING, INC. | $335,000 | n/a | 0.0% | |
| LENDERFI, INC. | $330,000 | n/a | 0.0% | |
| NBKC BANK | $1,035,000 | $330,000 | -68.1% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $805,000 | $330,000 | -59.0% | 0.0% |
| The Central Trust Bank | $325,000 | n/a | 0.0% | |
| Apex Bank | $120,000 | $320,000 | 166.7% | 0.0% |
| Powell Valley National Bank | $45,000 | $320,000 | 611.1% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $330,000 | $315,000 | -4.5% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $295,000 | $310,000 | 5.1% | 0.0% |
| BLUELEAF LENDING, LLC | $295,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $295,000 | n/a | 0.0% | |
| CONTOUR MORTGAGE CORPORATION | $135,000 | $290,000 | 114.8% | 0.0% |
| OVM FINANCIAL, INC. | $285,000 | n/a | 0.0% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $285,000 | n/a | 0.0% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $65,000 | $285,000 | 338.5% | 0.0% |
| Superior Credit Union, Inc. | $285,000 | n/a | 0.0% | |
| ABSOLUTE HOME MORTGAGE CORPORATION | $275,000 | n/a | 0.0% | |
| First Midwest Bank | $625,000 | $275,000 | -56.0% | 0.0% |
| First Southern National Bank | $275,000 | n/a | 0.0% | |
| Prosperity Home Mortgage, LLC | $195,000 | $275,000 | 41.0% | 0.0% |
| TENNESSEE VALLEY | $275,000 | n/a | 0.0% | |
| THRIVE MORTGAGE, LLC | $275,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $275,000 | n/a | 0.0% | |
| INTERCAP LENDING INC. | $265,000 | n/a | 0.0% | |
| Reliant Bank | $255,000 | n/a | 0.0% | |
| BNC National Bank | $355,000 | $245,000 | -31.0% | 0.0% |
| Grundy Bank | $245,000 | n/a | 0.0% | |
| Old Second National Bank | $265,000 | $245,000 | -7.5% | 0.0% |
| Atlantic Union Bank | $235,000 | n/a | 0.0% | |
| Baxter Credit Union | $225,000 | $235,000 | 4.4% | 0.0% |
| Clear Mountain Bank | $235,000 | n/a | 0.0% | |
| First State Bank of the Southeast, Inc. | $235,000 | n/a | 0.0% | |
| F&M Bank | $235,000 | n/a | 0.0% | |
| JMJ FINANCIAL GROUP | $235,000 | n/a | 0.0% | |
| FAIRWAY FUNDING GROUP, INC. | $225,000 | n/a | 0.0% | |
| First Home Bank | $435,000 | $225,000 | -48.3% | 0.0% |
| Loan Simple, Inc. | $225,000 | n/a | 0.0% | |
| Discover Bank | $215,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $225,000 | $215,000 | -4.4% | 0.0% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $205,000 | n/a | 0.0% | |
| HOMESTEAD FUNDING CORP. | $205,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $615,000 | $205,000 | -66.7% | 0.0% |
| Strong Home Mortgage, LLC | $205,000 | n/a | 0.0% | |
| A&D Mortgage LLC | $195,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $645,000 | $195,000 | -69.8% | 0.0% |
| Presidential Bank, FSB | $195,000 | n/a | 0.0% | |
| Suncoast Credit Union | $195,000 | n/a | 0.0% | |
| Chicago Mortgage Solutions LLC | $185,000 | n/a | 0.0% | |
| CityWorth Mortgage LLC | $125,000 | $185,000 | 48.0% | 0.0% |
| Figure Lending LLC | $165,000 | $185,000 | 12.1% | 0.0% |
| Kingsport Press Credit Union | $375,000 | $185,000 | -50.7% | 0.0% |
| EMM LOANS LLC | $175,000 | n/a | 0.0% | |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $175,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $170,000 | $170,000 | 0.0% | 0.0% |
| Armed Forces Bank | $165,000 | n/a | 0.0% | |
| CIS Financial Services, Inc. | $340,000 | $165,000 | -51.5% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $165,000 | n/a | 0.0% | |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $165,000 | n/a | 0.0% | |
| The Home Loan Expert LLC | $165,000 | n/a | 0.0% | |
| US MORTGAGE CORPORATION | $165,000 | n/a | 0.0% | |
| 1st Franklin Financial Corporation | $150,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $270,000 | $145,000 | -46.3% | 0.0% |
| PHH Mortgage Corporation | $185,000 | $145,000 | -21.6% | 0.0% |
| ACOPIA, LLC | $135,000 | n/a | 0.0% | |
| Atlantic Home Loans, Inc. | $135,000 | n/a | 0.0% | |
| Bank of Cleveland | $135,000 | n/a | 0.0% | |
| Plains Commerce Bank | $380,000 | $135,000 | -64.5% | 0.0% |
| ALTRA | $125,000 | n/a | 0.0% | |
| The First National Bank of Oneida | $195,000 | $125,000 | -35.9% | 0.0% |
| The Park National Bank | $125,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $305,000 | $120,000 | -60.7% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $95,000 | $115,000 | 21.1% | 0.0% |
| UNIVERSAL 1 CREDIT UNION | $115,000 | n/a | 0.0% | |
| Arvest Bank | $105,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $105,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $105,000 | n/a | 0.0% | |
| Magnolia Bank | $790,000 | $105,000 | -86.7% | 0.0% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $1,085,000 | $105,000 | -90.3% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $95,000 | n/a | 0.0% | |
| Independent Bank | $165,000 | $95,000 | -42.4% | 0.0% |
| United Cumberland Bank | $95,000 | n/a | 0.0% | |
| BLG HOLDINGS, INC. | $85,000 | n/a | 0.0% | |
| Citibank | $85,000 | n/a | 0.0% | |
| LOANPAL, LLC | $85,000 | n/a | 0.0% | |
| CONSTRUCTIVE LOANS, LLC | $65,000 | n/a | 0.0% | |
| HOME TOWN FUNDING, INC. | $55,000 | n/a | 0.0% | |
| First Federal Bank | $145,000 | $45,000 | -69.0% | 0.0% |
| TNConnect Credit Union | $25,000 | $45,000 | 80.0% | 0.0% |
MORRISTOWN's top lender by overall market share is MORTGAGE INVESTORS GROUP, INC., with 8.2% market share. In second place, with 7.5%, is QUICKEN LOANS, LLC, having originated $81,380,000 in loans. In third place, with 4.6%, is KNOXVILLE TVA EMPLOYEES CREDIT UNION, having originated $49,860,000 in loans. In third place, with 3.3%, is CONSUMER Credit Union, having originated $35,330,000 in loans. In third place, with 3.1%, is EASTMAN, having originated $33,540,000 in loans.
MORRISTOWN, TN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,300 | $556,770,000 | $242,074 |
| Refi | 1,491 | $280,675,000 | $188,246 |
| Cash Out Refi | 1,107 | $207,505,000 | $187,448 |
| Other | 152 | $17,740,000 | $116,711 |
| Home Improvement | 146 | $17,380,000 | $119,041 |
Morristown's most frequently cited loan purpose was Home Purchase, with 2,300 originations. The 2nd most popular reason was Refi, with 1,491 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1,969 | $405,175,000 | $205,777 |
| 3-4% | 1,798 | $394,860,000 | $219,611 |
| <2.5% | 895 | $190,645,000 | $213,011 |
| 4-5% | 172 | $28,320,000 | $164,651 |
| Over 8% | 91 | $8,345,000 | $91,703 |
| 5-6% | 47 | $4,595,000 | $97,766 |
| 6-7% | 40 | $4,540,000 | $113,500 |
| 7-8% | 34 | $3,810,000 | $112,059 |
During 2021, Morristown's most frequently originated rate bucket was 2.5-3%, with 1,969 originations.
Loan Sizing (MORRISTOWN, TN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 2,403 | $356,125,000 | $148,200 |
| $200k-400k | 1,598 | $424,710,000 | $265,776 |
| $100,000 or less | 837 | $56,095,000 | $67,019 |
| $400k-600k | 266 | $126,030,000 | $473,797 |
| $600k-1000k | 67 | $48,785,000 | $728,134 |
| $Over $1MM | 25 | $68,325,000 | $2,733,000 |
MORRISTOWN's loan sizing saw the bucket of loans from $100k-200k with 2,403 originations, totaling $356,125,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,968 | $436,230,000 | $221,662 |
| 60-80% | 1,547 | $370,675,000 | $239,609 |
| 40-60% | 740 | $128,510,000 | $173,662 |
| 20-40% | 326 | $35,690,000 | $109,479 |
| Under 20% | 157 | $6,095,000 | $38,822 |
| Over 100% | 80 | $22,530,000 | $281,625 |
MORRISTOWN's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,968 originations, totaling $436,230,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - MORRISTOWN (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 | $266,750 (35.8%) | $334,314 (27.0%) | 0.00 | 723 |
| 2018-02-01 | $267,250 (37.1%) | $341,483 (31.4%) | 0.00 | 684 |
| 2018-03-01 | $259,900 (30.3%) | $338,704 (29.9%) | 0.00 | 713 |
| 2018-04-01 | $266,950 (24.2%) | $349,132 (28.0%) | 0.00 | 707 |
| 2018-05-01 | $267,450 (18.9%) | $342,842 (20.5%) | 0.00 | 704 |
| 2018-06-01 | $274,000 (16.6%) | $333,743 (12.9%) | 0.00 | 752 |
| 2018-07-01 | $254,950 (8.5%) | $318,071 (4.1%) | 0.00 | 802 |
| 2018-08-01 | $252,450 (1.6%) | $308,056 (-4.7%) | 0.00 | 777 |
| 2018-09-01 | $249,900 (0.0%) | $312,175 (-4.4%) | 0.00 | 777 |
| 2018-10-01 | $244,900 (-1.7%) | $309,361 (-2.8%) | 0.00 | 774 |
| 2018-11-01 | $242,400 (0.0%) | $300,521 (-5.9%) | 0.00 | 744 |
| 2018-12-01 | $242,400 (-3.0%) | $303,846 (-6.8%) | 0.00 | 674 |
| 2019-01-01 | $249,450 (-6.5%) | $304,807 (-8.8%) | 0.00 | 623 |
| 2019-02-01 | $249,900 (-6.5%) | $309,667 (-9.3%) | 0.00 | 587 |
| 2019-03-01 | $254,186 (-2.2%) | $325,913 (-3.8%) | 0.00 | 570 |
| 2019-04-01 | $262,400 (-1.7%) | $341,377 (-2.2%) | 0.00 | 556 |
| 2019-05-01 | $262,325 (-1.9%) | $359,835 (5.0%) | 0.00 | 603 |
| 2019-06-01 | $262,650 (-4.1%) | $366,540 (9.8%) | 0.00 | 657 |
| 2019-07-01 | $247,400 (-3.0%) | $356,758 (12.2%) | 0.00 | 691 |
| 2019-08-01 | $244,900 (-3.0%) | $350,000 (13.6%) | 0.00 | 676 |
| 2019-09-01 | $244,900 (-2.0%) | $345,706 (10.7%) | 0.00 | 653 |
| 2019-10-01 | $244,900 (0.0%) | $345,476 (11.7%) | 0.00 | 654 |
| 2019-11-01 | $239,900 (-1.0%) | $347,358 (15.6%) | 0.00 | 635 |
| 2019-12-01 | $241,450 (-0.4%) | $352,112 (15.9%) | 0.00 | 561 |
| 2020-01-01 | $232,450 (-6.8%) | $305,769 (0.3%) | 0.00 | 533 |
| 2020-02-01 | $239,900 (-4.0%) | $309,534 (0.0%) | 0.00 | 501 |
| 2020-03-01 | $236,625 (-6.9%) | $312,001 (-4.3%) | 0.00 | 466 |
| 2020-04-01 | $234,950 (-10.5%) | $301,565 (-11.7%) | 0.00 | 448 |
| 2020-05-01 | $254,900 (-2.8%) | $316,691 (-12.0%) | 0.00 | 399 |
| 2020-06-01 | $259,450 (-1.2%) | $325,746 (-11.1%) | 0.00 | 340 |
| 2020-07-01 | $269,450 (8.9%) | $341,778 (-4.2%) | 0.00 | 328 |
| 2020-08-01 | $279,900 (14.3%) | $356,757 (1.9%) | 0.00 | 297 |
| 2020-09-01 | $284,450 (16.2%) | $355,143 (2.7%) | 0.00 | 242 |
| 2020-10-01 | $255,450 (4.3%) | $353,956 (2.5%) | 0.00 | 240 |
| 2020-11-01 | $249,900 (4.2%) | $357,266 (2.9%) | 0.00 | 264 |
| 2020-12-01 | $242,400 (0.4%) | $365,188 (3.7%) | 0.00 | 250 |
| 2021-01-01 | $244,900 (5.4%) | $372,498 (21.8%) | 0.00 | 229 |
| 2021-02-01 | $299,900 (25.0%) | $400,941 (29.5%) | 0.00 | 194 |
| 2021-03-01 | $334,450 (41.3%) | $441,790 (41.6%) | 0.00 | 161 |
| 2021-04-01 | $325,000 (38.3%) | $461,433 (53.0%) | 0.00 | 162 |
| 2021-05-01 | $339,900 (33.4%) | $498,823 (57.5%) | 0.00 | 181 |
| 2021-06-01 | $319,900 (23.3%) | $444,717 (36.5%) | 0.00 | 178 |
| 2021-07-01 | $334,900 (24.3%) | $473,399 (38.5%) | 0.00 | 207 |
| 2021-08-01 | $319,700 (14.2%) | $499,493 (40.0%) | 0.00 | 228 |
| 2021-09-01 | $312,400 (9.8%) | $510,055 (43.6%) | 0.00 | 262 |
| 2021-10-01 | $314,900 (23.3%) | $482,811 (36.4%) | 0.00 | 289 |
| 2021-11-01 | $330,450 (32.2%) | $484,060 (35.5%) | 0.00 | 283 |
| 2021-12-01 | $332,805 (37.3%) | $523,274 (43.3%) | 0.00 | 237 |
| 2022-01-01 | $329,900 (34.7%) | $523,992 (40.7%) | 0.00 | 192 |
| 2022-02-01 | $344,950 (15.0%) | $533,700 (33.1%) | 0.00 | 174 |
| 2022-03-01 | $349,000 (4.4%) | $514,082 (16.4%) | 0.00 | 183 |
| 2022-04-01 | $369,900 (13.8%) | $529,439 (14.7%) | 0.00 | 213 |
MORRISTOWN's median listing price for 2022-04-01 was $369,900, a difference of
$44,900
(13.8%) versus the prior year and
$20,900 versus the prior month.
MORRISTOWN's median listing price comes in at 0% of the national average.
MORRISTOWN's average listing price for 2022-04-01 was $529,439, a difference of $68,006 (14.7%) versus the prior year and $15,357 versus the prior month.
For the 2022-04-01 period, MORRISTOWN had 213 MLS listings, a difference of 30 listings (16%) versus the prior month and 51 listings (31%) versus the prior year.
MORRISTOWN's median listing price comes in at 0% of the national average.
MORRISTOWN's average listing price for 2022-04-01 was $529,439, a difference of $68,006 (14.7%) versus the prior year and $15,357 versus the prior month.
For the 2022-04-01 period, MORRISTOWN had 213 MLS listings, a difference of 30 listings (16%) versus the prior month and 51 listings (31%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - MORRISTOWN (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,984 sqft |
| 2018-02-01 | 0 days | 2,000 sqft |
| 2018-03-01 | 0 days | 2,046 sqft |
| 2018-04-01 | 0 days | 2,091 sqft |
| 2018-05-01 | 0 days | 2,097 sqft |
| 2018-06-01 | 0 days | 2,144 sqft |
| 2018-07-01 | 0 days | 2,041 sqft |
| 2018-08-01 | 0 days | 2,078 sqft |
| 2018-09-01 | 0 days | 2,088 sqft |
| 2018-10-01 | 0 days | 2,140 sqft |
| 2018-11-01 | 0 days | 2,094 sqft |
| 2018-12-01 | 0 days | 2,080 sqft |
| 2019-01-01 | 0 days | 2,091 sqft |
| 2019-02-01 | 0 days | 2,088 sqft |
| 2019-03-01 | 0 days | 2,194 sqft |
| 2019-04-01 | 0 days | 2,198 sqft |
| 2019-05-01 | 0 days | 2,130 sqft |
| 2019-06-01 | 0 days | 2,160 sqft |
| 2019-07-01 | 0 days | 2,091 sqft |
| 2019-08-01 | 0 days | 2,101 sqft |
| 2019-09-01 | 0 days | 2,125 sqft |
| 2019-10-01 | 0 days | 2,149 sqft |
| 2019-11-01 | 0 days | 2,106 sqft |
| 2019-12-01 | 0 days | 2,134 sqft |
| 2020-01-01 | 0 days | 1,955 sqft |
| 2020-02-01 | 0 days | 1,975 sqft |
| 2020-03-01 | 0 days | 1,987 sqft |
| 2020-04-01 | 0 days | 1,960 sqft |
| 2020-05-01 | 0 days | 2,039 sqft |
| 2020-06-01 | 0 days | 2,038 sqft |
| 2020-07-01 | 0 days | 1,961 sqft |
| 2020-08-01 | 0 days | 2,125 sqft |
| 2020-09-01 | 0 days | 2,088 sqft |
| 2020-10-01 | 0 days | 1,991 sqft |
| 2020-11-01 | 0 days | 1,955 sqft |
| 2020-12-01 | 0 days | 1,912 sqft |
| 2021-01-01 | 0 days | 1,900 sqft |
| 2021-02-01 | 0 days | 1,960 sqft |
| 2021-03-01 | 0 days | 2,043 sqft |
| 2021-04-01 | 0 days | 2,042 sqft |
| 2021-05-01 | 0 days | 1,934 sqft |
| 2021-06-01 | 0 days | 2,036 sqft |
| 2021-07-01 | 0 days | 2,129 sqft |
| 2021-08-01 | 0 days | 1,952 sqft |
| 2021-09-01 | 0 days | 2,167 sqft |
| 2021-10-01 | 0 days | 2,162 sqft |
| 2021-11-01 | 0 days | 2,000 sqft |
| 2021-12-01 | 0 days | 2,113 sqft |
| 2022-01-01 | 0 days | 2,000 sqft |
| 2022-02-01 | 0 days | 2,034 sqft |
| 2022-03-01 | 0 days | 1,991 sqft |
| 2022-04-01 | 0 days | 2,000 sqft |
MORRISTOWN's median listing age (time on market) for 2022-04-01 was 0 days.
MORRISTOWN's median square footage for active listings during the 2022-04-01 period was 2,000 sqft. One year prior, the average listing was 2,042 sqft.
MORRISTOWN's median square footage for active listings during the 2022-04-01 period was 2,000 sqft. One year prior, the average listing was 2,042 sqft.
