Memphis

Home Mortgage

The Current Lender Offering The Lowest Interest Rates On Memphis Home Mortgages.

Searching for a Memphis home mortgage? Concerned about the lending climate in this period of real estate and subprime chaos? If so, we can help. While getting approved for a Memphis home mortgage is not as easy as it was two years ago, it is not as difficult as all the doom and gloom stories in the media portray it to be.

Best Lender For Memphis Home Mortgages

When looking for a Memphis home mortgage lender, it is important to find a lender that not only offers the lowest rates, but also has not significantly tightened lending standards to the degree that only a very small percentage of applicants will qualify. Holding first place on our list of Memphis home mortgage lenders 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 mortgages. Besides offering the lowest rates and highest ratio of approved loans, in most instances they will approve your online application in under 3 minutes. No other lender offering Memphis home mortgages will approve applications in such a rapid manner.

Memphis , TN Statistics & Related Info

Memphis Information

Memphis is a city in the southwest corner of Tennessee, and the county seat of Shelby County. Memphis rises above the Mississippi River on the 4th Chickasaw Bluff just south of the mouth of the Wolf River. As of 2006, Memphis had an estimated population of 670,902, making it the largest city in the state of Tennessee, the second largest in the Southeastern United States (only behind Jacksonville, Florida), and the 18th largest in the United States.

This popularity of Memphis was one of the contributing factors to driving up the price of Memphis real estate in the past decade. While prices have fallen some, homes in Memphis are still quite pricey. The Housing Bill passed by Congress and signed into law by the President in the summer of 2008 granted the authority to Fannie Mae and Freddie Mac to buy pricier mortgages, up to $625,000, which would make stable Memphis home mortgages readily available to buyers in a more expensive market like Memphis.

The city's central location has led to much of its business development. Located on the Mississippi River and intersected by two Interstate highways, Memphis is ideally located for commerce among the transportation and shipping industry. The city is home to the world's busiest cargo airport, which serves as the primary hub for FedEx shipping.

Memphis is home to a growing number of nationally and internationally known corporations, including approximately 150 businesses from 22 countries. This includes the corporate headquarters of FedEx Corporation, AutoZone Incorporated and International Paper. Of course these factors along with many others contribute to the popularity of Memphis real estate, which in turn, creates a very large demand for Memphis home mortgages.

The entertainment and film industry has developed in recent years. Several major motion pictures have been filmed in Memphis, including The Firm (1993), Cast Away (2000) and Walk the Line (2005).

The city appeared in the top eight of the 50 best major metro areas in the U.S. for starting and growing a business in 2000, according to Inc. magazine. This economic vibrancy translates into a high degree of availability of funds for Memphis home mortgages.