ALBANY Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Albany averaged
7.15%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
7.08% and
one month ago for the week of 2024-10-03, the
average rate was 6.28%.
Albany's average rate one year ago was 7.92%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.99%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Albany 30 Year Fixed Rate | 2024-11-07 | 7.15% |
| Albany 30 Year Fixed Rate Refi | 2024-11-07 | 6.99% |
| Albany 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Albany 15 Year Fixed Rate Refi | 2024-11-07 | 6.2% |
| Albany 30 Year FHA | 2024-11-07 | 6.33% |
| Albany 30 Year FHA Refi | 2024-11-07 | 6.23% |
| Albany 30 Year USDA | 2024-11-07 | 6.58% |
| Albany 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Albany 30 Year VA | 2024-11-07 | 6.7% |
| Albany 30 Year VA Refi | 2024-11-07 | 6.44% |
ALBANY Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the ALBANY, GA 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.).
ALBANY Average Closing Costs & Other Stats
ALBANY, GA's 81 lenders originated 1,932
loans during 2023. The total origination value was $353,320,000, with an average loan value of
$182,878.
ALBANY's average closing costs are $5,040.
The top ALBANY lender as defined by loan originations is QUICKEN LOANS, LLC, with
42 loans originated. Their average total fees are
$5,843, which is $1,064
higher than the next largest lender,
Flagstar Bank, FSB.
The lowest fee ALBANY lenders (with over 10 loans originated) are
NAVY FEDERAL CREDIT UNION ($3,671), Capital City Home Loans, LLC ($4,017), Colony Bank ($4,423), Flagstar Bank, FSB ($4,779) and Renasant Bank ($5,093).
The lowest rate ALBANY lenders (with over 10 loans originated) are
Synovus Bank (6.41%), PENNYMAC LOAN SERVICES, LLC (6.47%), Colony Bank (6.62%), UNITED WHOLESALE MORTGAGE, LLC (6.64%) and Ameris Bank (6.69%).
ALBANY, GA Mortgage 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Flagstar Bank, FSB | $61,920,000 | $31,400,000 | -49.3% | 8.9% |
| ORIX REAL ESTATE CAPITAL, LLC | $26,310,000 | n/a | 7.4% | |
| QUICKEN LOANS, LLC | $41,530,000 | $22,005,000 | -47.0% | 6.2% |
| Georgia Community Bank | $18,825,000 | $20,015,000 | 6.3% | 5.7% |
| Mortgage Research Center, LLC | $21,875,000 | $18,855,000 | -13.8% | 5.3% |
| Colony Bank | $25,095,000 | $17,190,000 | -31.5% | 4.9% |
| Renasant Bank | $17,740,000 | $15,075,000 | -15.0% | 4.3% |
| Flint Community Bank | $27,480,000 | $14,830,000 | -46.0% | 4.2% |
| Ameris Bank | $14,855,000 | $10,525,000 | -29.1% | 3.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $14,490,000 | $10,520,000 | -27.4% | 3.0% |
| Synovus Bank | $13,365,000 | $10,270,000 | -23.2% | 2.9% |
| NAVY FEDERAL CREDIT UNION | $19,940,000 | $9,755,000 | -51.1% | 2.8% |
| PENNYMAC LOAN SERVICES, LLC | $4,995,000 | $8,475,000 | 69.7% | 2.4% |
| PeoplesSouth Bank | $10,265,000 | $6,610,000 | -35.6% | 1.9% |
| BROKER SOLUTIONS, INC. | $12,025,000 | $6,475,000 | -46.2% | 1.8% |
| Truist | $8,780,000 | $6,080,000 | -30.8% | 1.7% |
| Capital City Home Loans, LLC | $7,080,000 | $4,460,000 | -37.0% | 1.3% |
| Bank of Dawson | $4,415,000 | n/a | 1.2% | |
| Thomasville National Bank | $330,000 | $4,095,000 | 1,140.9% | 1.2% |
| LIMA ONE CAPITAL, LLC | $3,915,000 | n/a | 1.1% | |
| Grandbridge Real Estate Capital LLC | $3,665,000 | n/a | 1.0% | |
| Hometown Equity Mortgage, LLC | $230,000 | $3,250,000 | 1,313.0% | 0.9% |
| First State Bank of Blakely, Inc. | $2,445,000 | $3,205,000 | 31.1% | 0.9% |
| USAA Federal Savings Bank | $2,520,000 | $2,990,000 | 18.7% | 0.8% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $4,205,000 | $2,920,000 | -30.6% | 0.8% |
| Wells Fargo Bank | $14,795,000 | $2,795,000 | -81.1% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $3,690,000 | $2,480,000 | -32.8% | 0.7% |
| AB&T | $2,390,000 | n/a | 0.7% | |
| HOMESTAR FINANCIAL CORPORATION | $3,410,000 | $2,195,000 | -35.6% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,520,000 | $2,040,000 | -63.0% | 0.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,530,000 | $2,025,000 | 32.4% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $4,585,000 | $1,940,000 | -57.7% | 0.5% |
| LOANDEPOT.COM, LLC | $7,185,000 | $1,900,000 | -73.6% | 0.5% |
| 21ST MORTGAGE CORPORATION | $925,000 | $1,880,000 | 103.2% | 0.5% |
| JPMorgan Chase Bank | $3,400,000 | $1,795,000 | -47.2% | 0.5% |
| NEW DAY FINANCIAL, LLC | $1,085,000 | $1,790,000 | 65.0% | 0.5% |
| GEORGIA'S OWN | $2,475,000 | $1,745,000 | -29.5% | 0.5% |
| GUARANTEED RATE, INC. | $1,575,000 | $1,730,000 | 9.8% | 0.5% |
| The Federal Savings Bank | $1,470,000 | $1,560,000 | 6.1% | 0.4% |
| NEWREZ LLC | $1,720,000 | $1,555,000 | -9.6% | 0.4% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $2,435,000 | $1,535,000 | -37.0% | 0.4% |
| CARDINAL FINANCIAL | $1,765,000 | $1,415,000 | -19.8% | 0.4% |
| Regions Bank | $2,150,000 | $1,390,000 | -35.3% | 0.4% |
| U.S. Bank | $300,000 | $1,325,000 | 341.7% | 0.4% |
| Carrington Mortgage Services, LLC | $1,615,000 | $1,260,000 | -22.0% | 0.4% |
| VILLAGE CAPITAL MORTGAGE | $1,220,000 | $1,240,000 | 1.6% | 0.4% |
| CALCON MUTUAL MORTGAGE LLC | $515,000 | $1,235,000 | 139.8% | 0.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,365,000 | $1,110,000 | -18.7% | 0.3% |
| Equity Prime Mortgage LLC | $1,430,000 | $1,095,000 | -23.4% | 0.3% |
| TOWNE MORTGAGE COMPANY | $615,000 | $1,075,000 | 74.8% | 0.3% |
| COREVEST AMERICAN FINANCE LENDER LLC | $1,035,000 | n/a | 0.3% | |
| Barrington Bank & Trust Company, N.A. | $800,000 | $885,000 | 10.6% | 0.3% |
| The Huntington National Bank | $135,000 | $885,000 | 555.6% | 0.3% |
| LENDINGHOME FUNDING CORPORATION | $975,000 | $870,000 | -10.8% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,030,000 | $860,000 | -78.7% | 0.2% |
| The First, A National Banking Association | $920,000 | $805,000 | -12.5% | 0.2% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $625,000 | $790,000 | 26.4% | 0.2% |
| PNC Bank | $130,000 | $780,000 | 500.0% | 0.2% |
| MEMBER FIRST MORTGAGE, LLC | $1,375,000 | $775,000 | -43.6% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $200,000 | $725,000 | 262.5% | 0.2% |
| AgFirst Farm Credit Bank | $380,000 | $710,000 | 86.8% | 0.2% |
| Discover Bank | $485,000 | $710,000 | 46.4% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $970,000 | $685,000 | -29.4% | 0.2% |
| ZILLOW HOME LOANS, LLC | $1,575,000 | $685,000 | -56.5% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $675,000 | n/a | 0.2% | |
| SOUTHEAST MORTGAGE OF GEORGIA, INC. | $535,000 | $675,000 | 26.2% | 0.2% |
| Third Federal Savings and Loan Association of Cleveland | $115,000 | $640,000 | 456.5% | 0.2% |
| Figure Lending LLC | $225,000 | $620,000 | 175.6% | 0.2% |
| UNION HOME MORTGAGE CORP. | $770,000 | $615,000 | -20.1% | 0.2% |
| MORTGAGE INVESTORS GROUP, INC. | $360,000 | $610,000 | 69.4% | 0.2% |
| Fifth Third Bank | $600,000 | n/a | 0.2% | |
| MOVEMENT MORTGAGE, LLC | $655,000 | $600,000 | -8.4% | 0.2% |
| BancorpSouth | $530,000 | n/a | 0.2% | |
| CANOPY MORTGAGE, LLC | $430,000 | $530,000 | 23.3% | 0.2% |
| CityWorth Mortgage LLC | $640,000 | $525,000 | -18.0% | 0.1% |
| SWBC MORTGAGE CORPORATION | $525,000 | n/a | 0.1% | |
| Mainstreet Community Bank of Florida | $510,000 | n/a | 0.1% | |
| MORIA DEVELOPMENT, INC. | $150,000 | $485,000 | 223.3% | 0.1% |
| Bank of Early | $475,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $300,000 | $445,000 | 48.3% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $405,000 | n/a | 0.1% | |
| Arvest Bank | $205,000 | $385,000 | 87.8% | 0.1% |
| JUSTICE Federal Credit Union | $380,000 | n/a | 0.1% | |
| ANGEL OAK HOME LOANS LLC | $1,515,000 | $375,000 | -75.2% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $390,000 | $375,000 | -3.8% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $145,000 | $375,000 | 158.6% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $805,000 | $375,000 | -53.4% | 0.1% |
| First Federal Bank | $545,000 | $370,000 | -32.1% | 0.1% |
| Northpointe Bank | $890,000 | $365,000 | -59.0% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $470,000 | $360,000 | -23.4% | 0.1% |
| TOTAL MORTGAGE SERVICES, LLC | $360,000 | n/a | 0.1% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $355,000 | n/a | 0.1% | |
| AMERICAN HERITAGE LENDING, INC. | $75,000 | $350,000 | 366.7% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $2,075,000 | $350,000 | -83.1% | 0.1% |
| MILEND, INC. | $1,145,000 | $350,000 | -69.4% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $350,000 | n/a | 0.1% | |
| Shamrock Home Loans, Inc. | $350,000 | n/a | 0.1% | |
| Bell Bank | $115,000 | $335,000 | 191.3% | 0.1% |
| GUILD MORTGAGE COMPANY | $325,000 | n/a | 0.1% | |
| STOCKTON MORTGAGE CORPORATION | $95,000 | $320,000 | 236.8% | 0.1% |
| VAN DYK MORTGAGE CORPORATION | $315,000 | n/a | 0.1% | |
| LIBERTY HOME MORTGAGE CORPORATION | $220,000 | $310,000 | 40.9% | 0.1% |
| SIRVA MORTGAGE, INC. | $305,000 | n/a | 0.1% | |
| Leaders Credit Union | $295,000 | n/a | 0.1% | |
| Magnolia Bank | $500,000 | $295,000 | -41.0% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $1,910,000 | $295,000 | -84.6% | 0.1% |
| M&T Bank | $125,000 | $290,000 | 132.0% | 0.1% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $285,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $315,000 | $285,000 | -9.5% | 0.1% |
| PHH Mortgage Corporation | $275,000 | n/a | 0.1% | |
| Citizens Community Bank | $265,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $685,000 | $265,000 | -61.3% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $1,215,000 | $265,000 | -78.2% | 0.1% |
| City National Bank | $245,000 | n/a | 0.1% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $205,000 | $245,000 | 19.5% | 0.1% |
| GENEVA FINANCIAL, LLC | $1,010,000 | $240,000 | -76.2% | 0.1% |
| Assurance Financial Group, L.L.C. | $235,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $360,000 | $235,000 | -34.7% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $400,000 | $225,000 | -43.8% | 0.1% |
| Franklin Loan Corporation | $225,000 | n/a | 0.1% | |
| 1ST SIGNATURE LENDING, LLC | $215,000 | n/a | 0.1% | |
| DIGITAL Federal Credit Union | $185,000 | $205,000 | 10.8% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $115,000 | $205,000 | 78.3% | 0.1% |
| A&D Mortgage LLC | $95,000 | $195,000 | 105.3% | 0.1% |
| MICHIGAN MUTUAL, INC. | $195,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $250,000 | $195,000 | -22.0% | 0.1% |
| UIF CORPORATION | $245,000 | $195,000 | -20.4% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $315,000 | $185,000 | -41.3% | 0.1% |
| Great Oaks Bank | $185,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $185,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $5,000 | $180,000 | 3,500.0% | 0.1% |
| EMM LOANS LLC | $485,000 | $175,000 | -63.9% | 0.0% |
| Five Star Credit Union | $175,000 | n/a | 0.0% | |
| Pinnacle Bank | $165,000 | n/a | 0.0% | |
| ACOPIA, LLC | $575,000 | $155,000 | -73.0% | 0.0% |
| Ally Bank | $1,105,000 | $155,000 | -86.0% | 0.0% |
| BANKSOUTH MORTGAGE COMPANY, LLC | $730,000 | $155,000 | -78.8% | 0.0% |
| Citizens Bank | $155,000 | n/a | 0.0% | |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $155,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $155,000 | n/a | 0.0% | |
| THRIVE MORTGAGE, LLC | $155,000 | n/a | 0.0% | |
| FIRST COMMERCE CREDIT UNION | $195,000 | $150,000 | -23.1% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $145,000 | n/a | 0.0% | |
| Envision Credit Union | $145,000 | n/a | 0.0% | |
| WRIGHT-PATT CREDIT UNION, INC. | $145,000 | n/a | 0.0% | |
| ACADEMY MORTGAGE CORPORATION | $135,000 | n/a | 0.0% | |
| Armed Forces Bank | $135,000 | n/a | 0.0% | |
| ATLANTA POSTAL | $580,000 | $135,000 | -76.7% | 0.0% |
| Citadel Servicing Corporation | $135,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $400,000 | $135,000 | -66.3% | 0.0% |
| NBKC BANK | $775,000 | $135,000 | -82.6% | 0.0% |
| EVERETT FINANCIAL, INC. | $725,000 | $125,000 | -82.8% | 0.0% |
| FEDERATED MORTGAGE CORP. | $125,000 | n/a | 0.0% | |
| Guardian Bank | $125,000 | n/a | 0.0% | |
| Northwest Federal Credit Union | $125,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $115,000 | n/a | 0.0% | |
| OCMBC, INC. | $115,000 | n/a | 0.0% | |
| TJC Mortgage, Inc. | $115,000 | n/a | 0.0% | |
| Wauchula State Bank | $115,000 | n/a | 0.0% | |
| Nations Lending Corporation | $505,000 | $105,000 | -79.2% | 0.0% |
| THE MORTGAGE FIRM, INC. | $135,000 | $105,000 | -22.2% | 0.0% |
| TOWER | $55,000 | $105,000 | 90.9% | 0.0% |
| DELTA COMMUNITY CREDIT UNION | $145,000 | $100,000 | -31.0% | 0.0% |
| CMG MORTGAGE, INC. | $165,000 | $95,000 | -42.4% | 0.0% |
| FirstBank | $95,000 | n/a | 0.0% | |
| First Volunteer Bank | $95,000 | n/a | 0.0% | |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $95,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $95,000 | n/a | 0.0% | |
| Commercial Banking Company | $375,000 | $85,000 | -77.3% | 0.0% |
| COUNTRYPLACE MORTGAGE, LTD. | $600,000 | $85,000 | -85.8% | 0.0% |
| Paramount Residential Mortgage Group, Inc. | $615,000 | $85,000 | -86.2% | 0.0% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $75,000 | n/a | 0.0% | |
| NORTH COUNTRY | $75,000 | n/a | 0.0% | |
| Grow Financial Federal Credit Union | $45,000 | $65,000 | 44.4% | 0.0% |
| Prosperity Home Mortgage, LLC | $225,000 | $65,000 | -71.1% | 0.0% |
| Farmers & Merchants Bank | $145,000 | $55,000 | -62.1% | 0.0% |
| ALL IN | $45,000 | n/a | 0.0% | |
| Bank of America | $1,585,000 | $25,000 | -98.4% | 0.0% |
| Lakeview Community Capital, LLC | $555,000 | $25,000 | -95.5% | 0.0% |
| MidFirst Bank | $15,000 | n/a | 0.0% | |
| TENNESSEE VALLEY | $15,000 | n/a | 0.0% |
ALBANY's top lender by overall market share is Flagstar Bank, FSB, with 8.9% market share. In second place, with 7.4%, is ORIX REAL ESTATE CAPITAL, LLC, having originated $26,310,000 in loans. In third place, with 6.2%, is QUICKEN LOANS, LLC, having originated $22,005,000 in loans. In fourth place, with 5.7%, is Georgia Community Bank, having originated $20,015,000 in loans. In fifth place, with 5.3%, is Mortgage Research Center, LLC, having originated $18,855,000 in loans.
ALBANY, GA Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 31701 | Albany, GA MSA | $680 | $690 | $810 | $1,060 | $1,290 |
| 31702 | Albany, GA MSA | $730 | $740 | $870 | $1,140 | $1,390 |
| 31703 | Albany, GA MSA | $730 | $740 | $870 | $1,140 | $1,390 |
| 31704 | Albany, GA MSA | $730 | $740 | $870 | $1,140 | $1,390 |
| 31705 | Albany, GA MSA | $670 | $680 | $800 | $1,050 | $1,270 |
| 31706 | Albany, GA MSA | $730 | $740 | $870 | $1,140 | $1,390 |
| 31707 | Albany, GA MSA | $890 | $900 | $1,060 | $1,390 | $1,690 |
| 31708 | Albany, GA MSA | $730 | $740 | $870 | $1,140 | $1,390 |
| 31712 | Albany, GA MSA | $700 | $710 | $840 | $1,100 | $1,340 |
| 31714 | Albany, GA MSA | $640 | $660 | $770 | $1,010 | $1,230 |
| 31721 | Albany, GA MSA | $880 | $890 | $1,050 | $1,380 | $1,670 |
| 31743 | Albany, GA MSA | $880 | $890 | $1,050 | $1,380 | $1,680 |
| 31744 | Albany, GA MSA | $640 | $660 | $770 | $1,010 | $1,230 |
| 31763 | Albany, GA MSA | $850 | $870 | $1,020 | $1,340 | $1,630 |
| 31764 | Albany, GA MSA | $920 | $930 | $1,100 | $1,440 | $1,750 |
| 31768 | Albany, GA MSA | $700 | $710 | $840 | $1,100 | $1,340 |
| 31771 | Albany, GA MSA | $700 | $710 | $840 | $1,100 | $1,340 |
| 31772 | Albany, GA MSA | $700 | $720 | $840 | $1,100 | $1,340 |
| 31775 | Albany, GA MSA | $640 | $660 | $770 | $1,010 | $1,230 |
| 31781 | Albany, GA MSA | $770 | $780 | $920 | $1,210 | $1,470 |
| 31782 | Albany, GA MSA | $730 | $740 | $870 | $1,140 | $1,390 |
| 31787 | Albany, GA MSA | $830 | $850 | $1,000 | $1,310 | $1,590 |
| 31789 | Albany, GA MSA | $860 | $880 | $1,030 | $1,350 | $1,640 |
| 31791 | Albany, GA MSA | $680 | $700 | $820 | $1,070 | $1,310 |
| 31795 | Albany, GA MSA | $740 | $760 | $890 | $1,170 | $1,420 |
| 31796 | Albany, GA MSA | $640 | $660 | $770 | $1,010 | $1,230 |
| 39826 | Albany, GA MSA | $650 | $660 | $780 | $1,020 | $1,240 |
| 39842 | Albany, GA MSA | $640 | $660 | $770 | $1,010 | $1,230 |
| 39862 | Albany, GA MSA | $640 | $660 | $770 | $1,010 | $1,230 |
| 39877 | Albany, GA MSA | $640 | $660 | $770 | $1,010 | $1,230 |
| 39885 | Albany, GA MSA | $910 | $930 | $1,090 | $1,430 | $1,740 |
| 39886 | Albany, GA MSA | $640 | $660 | $770 | $1,010 | $1,230 |
2022 Average & Median Rent Data Statistics
ALBANY, GA average 1BR rent: $749, median: $730
ALBANY, GA average 2BR rent: $880, median: $855
ALBANY, GA average 3BR rent: $1,154, median: $1,120
ALBANY, GA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,144 | $232,950,000 | $203,628 |
| Refi | 358 | $68,440,000 | $191,173 |
| Cash Out Refi | 227 | $36,475,000 | $160,683 |
| Other | 129 | $10,035,000 | $77,791 |
| Home Improvement | 74 | $5,420,000 | $73,243 |
Albany's most frequently cited loan purpose was Home Purchase, with 1,144 originations. The 2nd most popular reason was Refi, with 358 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 574 | $114,680,000 | $199,791 |
| 7-8% | 375 | $70,015,000 | $186,707 |
| Over 8% | 322 | $36,160,000 | $112,298 |
| 5-6% | 223 | $48,425,000 | $217,152 |
| <2.5% | 18 | $26,530,000 | $1,473,889 |
| 4-5% | 15 | $6,895,000 | $459,667 |
| 3-4% | 4 | $360,000 | $90,000 |
| 2.5-3% | 1 | $225,000 | $225,000 |
During 2023, Albany's most frequently originated rate bucket was 6-7%, with 574 originations.
Loan Sizing (ALBANY, GA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 671 | $98,985,000 | $147,519 |
| $100,000 or less | 663 | $35,575,000 | $53,658 |
| $200k-400k | 508 | $138,070,000 | $271,791 |
| $400k-600k | 69 | $32,215,000 | $466,884 |
| $600k-1000k | 12 | $8,530,000 | $710,833 |
| $Over $1MM | 9 | $39,945,000 | $4,438,333 |
ALBANY's loan sizing saw the bucket of loans from $100k-200k with 671 originations, totaling $98,985,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 798 | $171,700,000 | $215,163 |
| 60-80% | 316 | $60,010,000 | $189,905 |
| 20-40% | 135 | $11,385,000 | $84,333 |
| Under 20% | 123 | $4,645,000 | $37,764 |
| 40-60% | 120 | $19,230,000 | $160,250 |
| Over 100% | 32 | $34,830,000 | $1,088,438 |
ALBANY's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 798 originations, totaling $171,700,000 in origination value.