Uwharrie Bank Mortgage Rates, Fees & Info

Albemarle, NC

LEI: 5493001LHLYJE6PHUL18

Tax ID: 56-1366219

5 stars - Updated: 4/5/25 - out of 5 stars, based on 25 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Uwharrie Bank is a smaller bank specializing in Home Purchase loans. Uwharrie Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Charlotte, Albemarle, Myrtle Beach, Winston, and Greensboro among others. We have data for 38 markets. (Some data included below & more in-depth data is available with an active subscription.)

Uwharrie Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Uwharrie Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 7.01% 4/5/25
30 Year Conventional Purchase 6.95% 4/5/25
30 Year Conventional Refi 6.20% 4/5/25
30 Year Cash-out Refi 7.20% 4/5/25
30 Year FHA Purchase 7.15% 4/5/25
30 Year FHA Refi 6.72% 4/5/25
30 Year VA Purchase 6.55% 4/5/25
30 Year USDA Purchase 6.82% 4/5/25
15 Year Conventional Purchase 5.95% 4/5/25
15 Year Conventional Refi 6.38% 4/5/25
15 Year Cash-out Refi 6.38% 4/5/25
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Uwharrie Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Uwharrie Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

645

Origination Dollar Volume (All Markets)

$175,655,000

Awards

Uwharrie Bank 30 Year Conventional Loans silver Uwharrie Bank 30 Year Conventional Loans bronze
Show all (2) awards

Relative Rate

Uwharrie Bank's average 30 year fixed mortgage rate was 6.81%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of 0.26%.

Relative Fees (Closing Costs)

Uwharrie Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,272.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 341 $111,245,000 $326,232 $5,401 7.24%
Albemarle, NC (FHA|USDA|VA) 202 $31,560,000 $156,238 $4,303 7.90%
Outside of Metro Areas 24 $6,900,000 $287,500 $3,934 7.35%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 12 $4,510,000 $375,833 $5,669 6.94%
WINSTON-SALEM, NC (FHA|USDA|VA) 9 $2,365,000 $262,778 $4,784 7.01%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 7 $1,795,000 $256,429 $5,235 7.13%
RALEIGH-CARY, NC (FHA|USDA|VA) 5 $1,685,000 $337,000 $4,649 6.88%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $1,535,000 $1,535,000 $12,593 5.63%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $1,285,000 $1,285,000 $8,408 5.63%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $1,190,000 $595,000 $6,871 6.04%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $1,060,000 $265,000 $8,202 7.47%
Shelby, NC (FHA|USDA|VA) 5 $1,025,000 $205,000 $6,674 7.30%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 4 $1,010,000 $252,500 $1,647 7.91%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $755,000 $755,000 $5,585 7.38%
ASHEVILLE, NC (FHA|USDA|VA) 2 $730,000 $365,000 $4,519 7.25%
RICHMOND, VA (FHA|USDA|VA) 1 $685,000 $685,000 $0 7.50%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $665,000 $665,000 $8,242 5.75%
MADISON, WI (FHA|USDA|VA) 1 $555,000 $555,000 $2,295 6.00%
Cullowhee, NC (FHA|USDA|VA) 1 $525,000 $525,000 $3,174 7.25%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $520,000 $260,000 $5,201 6.13%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $475,000 $475,000 $4,851 6.50%
SPARTANBURG, SC (FHA|USDA|VA) 1 $345,000 $345,000 $4,345 5.63%
COLUMBIA, SC (FHA|USDA|VA) 1 $315,000 $315,000 $14,406 6.38%
CLEVELAND, TN (FHA|USDA|VA) 2 $290,000 $145,000 $4,316 8.06%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $265,000 $265,000 $6,400 7.13%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $265,000 $265,000 $9,000 6.50%
GREENVILLE, NC (FHA|USDA|VA) 1 $255,000 $255,000 $5,103 7.13%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,835 6.88%
Forest City, NC (FHA|USDA|VA) 1 $215,000 $215,000 $7,606 6.63%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $195,000 $195,000 $1,997 7.38%
LANCASTER, PA (FHA|USDA|VA) 1 $195,000 $195,000 $3,021 7.38%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $195,000 $195,000 $8,648 7.63%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $175,000 $175,000 $4,987 7.50%
Danville, VA (FHA|USDA|VA) 1 $165,000 $165,000 $3,119 7.13%
Boone, NC (FHA|USDA|VA) 1 $155,000 $155,000 $2,841 6.63%
BURLINGTON, NC (FHA|USDA|VA) 1 $125,000 $125,000 $1,562 7.07%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $115,000 $115,000 $2,928 7.13%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $85,000 $85,000 $1,209 8.13%
Uwharrie Bank's top markets include Charlotte, Albemarle, Myrtle Beach, Winston, and Greensboro among others.

Their top states include:
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Uwharrie Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Piedmont Federal Savings Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 368 $129,510,000 $351,929 $4,477 6.95%
    HELOC 228 $30,000,000 $131,579 n/a 8.41%
    FHA 34 $10,610,000 $312,059 $11,404 6.37%
    VA 10 $3,890,000 $389,000 $5,774 6.24%
    USDA 5 $1,645,000 $329,000 $9,192 6.33%

    For 2024, Uwharrie Bank's most frequently originated type of loan was Conventional, with 368 originations. Their 2nd most popular type was HELOC, with 228 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 360 $134,920,000 $374,778 $5,449 6.86%
    Home Improvement 105 $12,535,000 $119,381 $2,551 8.36%
    Refi 87 $13,985,000 $160,747 $2,084 8.07%
    Other 76 $9,680,000 $127,368 $3,146 8.19%
    Cash Out Refi 17 $4,535,000 $266,765 $5,568 6.78%

    For 2024, Uwharrie Bank's most frequently cited loan purpose was Home Purchase, with 360 originations. The 2nd most popular reason was Home Improvement, with 105 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 336 $112,340,000 $334,345 $5,272 6.81%
    15 Year 245 $33,175,000 $135,408 $2,450 8.34%
    30+ year 35 $21,305,000 $608,714 $5,704 7.19%
    20 Year 12 $3,750,000 $312,500 $3,358 7.07%
    1 Year 10 $3,110,000 $311,000 $5,328 6.89%
    Other 3 $1,525,000 $508,333 $13,744 7.47%
    10 Year 3 $405,000 $135,000 $1,724 6.82%
    5 Year 1 $45,000 $45,000 $1,024 7.00%

    For 2024, Uwharrie Bank's most frequently cited loan duration was 30 Year, with 336 originations. The 2nd most popular length was 15 Year, with 245 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 165 $61,325,000 $371,667
    $2k-3k 89 $22,735,000 $255,449
    $3k-4k 56 $23,000,000 $410,714
    $1k-2k 55 $14,695,000 $267,182
    $5k+ 23 $13,605,000 $591,522
    $4k-5k 17 $6,935,000 $407,941

    Uwharrie Bank's average total fees were $5,272, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 165 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 218 $29,800,000 $136,697
    6-7% 210 $72,290,000 $344,238
    7-8% 173 $48,995,000 $283,208
    5-6% 43 $24,145,000 $561,512
    4-5% 1 $425,000 $425,000

    During 2024, Uwharrie Bank's average interest rate for loans was 6.81%, while their most frequently originated rate bucket for loans was Over 8%, with 218 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 204 $59,470,000 $291,520 $5,571 7.09%
    $100k-200k 171 $24,845,000 $145,292 $3,790 7.62%
    $100,000 or less 133 $6,985,000 $52,519 $1,701 8.30%
    $400k-600k 80 $39,030,000 $487,875 $6,507 6.85%
    $600k-1MM 52 $37,100,000 $713,462 $5,435 6.84%
    $1MM+ 5 $8,225,000 $1,645,000 $11,374 6.04%

    2024 saw Uwharrie Bank place emphasis on $200k-400k loans with 204 originations, totaling $59,470,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 138 $53,980,000 $391,159 $5,246 7.41%
    $100k-150k 132 $34,060,000 $258,030 $5,766 7.37%
    $50k-75k 121 $17,855,000 $147,562 $4,567 7.51%
    $75k-100k 96 $19,090,000 $198,854 $5,622 7.46%
    $250k+ 80 $39,510,000 $493,875 $5,681 7.32%
    $50k or less 62 $6,880,000 $110,968 $3,445 7.49%

    Uwharrie Bank lent most frequently to those with incomes in the $150k-250k range, with 138 originations. The second most popular income band? $100k-150k, with 132 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 115 $25,795,000 $224,304 $4,548 7.62%
    30-36% 102 $28,440,000 $278,824 $4,867 7.20%
    <20% 49 $8,215,000 $167,653 $3,464 7.91%
    49% 29 $11,835,000 $408,103 $5,090 7.13%
    40% 28 $9,240,000 $330,000 $5,457 7.34%
    42% 27 $7,325,000 $271,296 $5,983 7.29%
    38% 27 $6,615,000 $245,000 $4,698 7.50%
    44% 27 $7,935,000 $293,889 $5,977 7.35%
    43% 24 $6,440,000 $268,333 $6,240 7.27%
    39% 24 $5,700,000 $237,500 $4,799 7.24%
    37% 20 $6,270,000 $313,500 $5,253 7.16%
    45% 20 $7,740,000 $387,000 $4,998 7.08%
    36% 18 $3,780,000 $210,000 $4,491 7.48%
    48% 16 $5,580,000 $348,750 $5,874 7.13%
    41% 14 $2,360,000 $168,571 $4,464 7.57%
    46% 13 $4,375,000 $336,538 $4,474 7.15%
    47% 9 $3,715,000 $412,778 $6,403 7.04%
    50-60% 9 $2,775,000 $308,333 $10,252 6.22%
    >60% 3 $1,175,000 $391,667 $9,821 6.42%

    Uwharrie Bank lent most frequently to those with DTI ratios of 20-30%, with 115 originations. The next most common DTI ratio? 30-36%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 436 $103,900,000 $238,303 $4,748 7.68%
    Not provided 150 $54,000,000 $360,000 $5,650 6.77%
    Black 36 $7,940,000 $220,556 $5,540 7.28%
    Asian 10 $4,770,000 $477,000 $4,734 7.29%
    Not applicable 8 $2,770,000 $346,250 $0 7.22%
    Asian Indian 2 $1,490,000 $745,000 $5,642 7.25%
    Native Hawaiian or Islander 1 $315,000 $315,000 $6,396 6.38%
    Filipino 1 $235,000 $235,000 $4,792 5.75%
    Chinese 1 $235,000 $235,000 $5,694 6.13%

    Approval Rates

    Total approvals of all applications
    93.46%

    Uwharrie Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.72%

    Uwharrie Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 645 $175,655,000 $272,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    645 $175,655,000 $272,333

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 122 $20,460,000 $167,705 $2,821 8.09%
    40-60% 87 $21,675,000 $249,138 $3,842 7.37%
    60-80% 153 $51,695,000 $337,876 $4,765 7.20%
    80-100% 182 $73,340,000 $402,967 $6,383 6.72%
    Over 100% 2 $820,000 $410,000 $18,952 7.13%
    Under 20% 97 $7,515,000 $77,474 $1,399 8.30%