Memphis
Home Mortgage Loans
Get The Lowest Interest Rate On
Memphis Home Mortgage Loans.
Whether you are a first time home buyer or
trading up to a larger home, we work to find the best Memphis home mortgage solution for
you. Constantly surveying the hundreds of mortgage lenders as well as
anonymously testing their staff, we are always aware of the conditions of the
home loan market as well as the lenders involved in it.
Best Lender For
Memphis Home Mortgage Loans
Unfortunately, the subprime mortgage
crisis has caused dramatic changes in the lending climate. Many lending
institutions have suffered tremendous losses and as a result have
tightened their lending standards drastically. Whereas it used to be
very, very easy to meet the requirements in order to get approved, it is
now much more difficult with most lenders.
When searching for a
Memphis home mortgage lender, it is important to
find one that not only offers the lowest rates, but also has not
tightened lending standards to the point that only a tiny percentage of
applicants will qualify.
At the top of our list right now is ING DIRECT
Memphis Home Mortgage.
They have the lowest rates, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis.
They are still approving the majority of applications for Memphis home
mortgage loans.
Memphis Tennessee
Overview & Statistics
Memphis Overview
As of 2007, Memphis's population is 670,902 people. Since 2000, it has had a population growth of 3.20 percent.
The median home cost in Memphis is $112,700. Home appreciation the last year has been -0.08 percent.
Compared to the rest of the country, Memphis's cost of living is 27.94% Lower than the U.S. average.
Memphis public schools spend $5,193 per student. The average school expenditure in the U.S. is $6,058. There are about 0 students per teacher in Memphis.
The unemployment rate in Memphis is 5.00 percent (U.S. avg. is 4.60%). Recent job growth is Positive. Memphis jobs have Increased by 3.49 percent.
Memphis Climate
Memphis, TN, gets 57 inches of rain per year. The US average is 37. Snowfall is 1 inches. The average US city gets 25 inches of snow per year. The number of days with any measurable precipitation is 111.
On average, there are 218 sunny days per year in Memphis, TN. The July high is around 91 degrees. The January low is 31. Our comfort index, which is based on humidity during the hot months, is a 30 out of 100, where higher is more comfortable. The US average on the comfort index is 44.
Memphis Housing
The median home value in Memphis, TN, is $112,700. Home appreciation is -0.08% over the last year. The median age of Memphis, TN, real estate is 38 years.
Memphis, TN Apartments and Rentals
Renters make up 40.26% of the Memphis, TN, population. 7.72% of houses and apartments in Memphis, TN, are unoccupied (vacancy rate).
Memphis Crime
Memphis, TN, violent crime, on a scale from 1 (low crime) to 10, is 7. Violent crime is composed of four offenses: murder and non-negligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.
Memphis, TN, property crime, on a scale from 1 (low) to 10, is 7. Property crime includes the offenses of burglary, larceny-theft, motor vehicle theft, and arson. The object of the theft-type offenses is the taking of money or property, but there is no force or threat of force against the victims. The US average is 3.
For related resources please also visit:
Memphis Real Estate Agents
Tennessee First Time Home
Buyers Grants
Tennessee First Time Home
Buyer Programs
Tennessee Home Mortgage Loans
Memphis Home Mortgages
For the latest news updates, visit
Memphis home mortgage news stories.
Finally, you may want to visit
Mortgage Rates Predictions to find out if now is a good time to apply for a
Memphis Home Mortgage.
