David Saks: David Saks ((retired))

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Memphis Market - Mortgage Trends & Lending Analysis

Mortgage Trends & Lending Analysis

 

 

There were 461 residential loans filed at the time of sale in February, up 2% from last year.
 

The average mortgage amount was up 6% to $168,875 with an average sales price of $193,969 making the average loan to value ratio 87%.

 

Collierville (38017) had the most loans recorded at the time of sale with 53 loans total averaging $334,384.

  

306 loans filed were conventional fixed rate, 104 were FHA fixed rate, 18 were VA fixed rate and 5 were short term loans, loans due within one year.

 

The top lenders in February based on the total number of residential loans filed at the time of sale were Magna Bank with 30 loans, IberiaBank with 28 loans and Community Mortgage with 27 loans.
 




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • March 09 2015 10:48AM
Memphis Market - Mortgage Trends & Lending Analysis
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