Albemarle Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Albemarle averaged 6.52% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.5% and one month ago for the week of 2024-03-14, the average rate was 6.16%.

    Albemarle's average rate one year ago was 6.09%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.4%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Albemarle 30 Year Fixed Rate 2024-04-18 6.52%
    Albemarle 30 Year Fixed Rate Refi 2024-04-18 7.4%
    Albemarle 15 Year Fixed Rate 2024-04-18 6.19%
    Albemarle 15 Year Fixed Rate Refi 2024-04-18 6.29%
    Albemarle 30 Year FHA 2024-04-18 6.55%
    Albemarle 30 Year FHA Refi 2024-04-18 7.06%
    Albemarle 30 Year USDA 2024-04-18 6.76%
    Albemarle 30 Year USDA Refi 2024-04-18 6.66%
    Albemarle 30 Year VA 2024-04-18 6.69%
    Albemarle 30 Year VA Refi 2024-04-18 6.56%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Albemarle, NC.

    Albemarle 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 Albemarle, NC 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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    STATE EMPLOYEES' 195 5.93% $4,290
    Uwharrie Bank 52 6.90% $3,389
    DHI MORTGAGE COMPANY, LTD. 42 5.55% $498
    MOVEMENT MORTGAGE, LLC 42 6.88% $6,813
    LOCAL GOVERNMENT FEDERAL CREDIT UNION 29 5.99% $4,414
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 28 6.92% $6,157
    QUICKEN LOANS, LLC 26 6.78% $7,211
    UNITED WHOLESALE MORTGAGE, LLC 24 6.80% $6,677
    Wells Fargo Bank 20 6.66% $6,354
    Pinnacle Bank 17 6.33% $3,997
    Truist 11 6.49% $4,296
    FOUNDERS FEDERAL CREDIT UNION 11 6.50% $4,518
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 11 7.03% $6,652
    First-Citizens Bank & Trust Company 9 6.42% $5,125
    American Security Mortgage Corp. 8 6.87% $4,331
    CORNERSTONE HOME LENDING, INC. 7 6.71% $5,807
    Ameris Bank 7 6.60% $4,926
    CROSSCOUNTRY MORTGAGE, LLC 7 6.52% $7,838
    LOANDEPOT.COM, LLC 6 6.13% $4,838
    HOMEOWNERS FINANCIAL GROUP USA, LLC 6 6.98% $5,666
    CARDINAL FINANCIAL 6 6.88% $7,512
    Alcova Mortgage LLC 6 6.96% $5,237
    NAVY FEDERAL CREDIT UNION 5 6.18% $5,493
    Atlantic Coast Mortgage, LLC 5 6.80% $5,256
    Northpointe Bank 4 7.03% $6,427
    SeaTrust Mortgage Company 4 6.56% $8,234
    VANDERBILT MORTGAGE AND FINANCE, INC. 4 8.00% $8,196
    First Bank 4 6.22% $4,928
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.63% $4,258
    GUARANTEED RATE, INC. 3 7.19% $8,651
    TD Bank 3 6.29% $6,089
    ROYAL UNITED MORTGAGE LLC 3 7.54% $5,643
    Flagstar Bank, FSB 3 6.95% $5,383
    PROVIDENT FUNDING ASSOCIATES, L.P. 2 6.56% $4,043
    CMG MORTGAGE, INC. 2 6.13% $6,861
    Deere Employees Credit Union 2 5.81% $3,563
    FREEDOM MORTGAGE CORPORATION 2 6.81% $9,598
    GUARANTEED RATE AFFINITY, LLC 2 7.23% $4,696
    HOMESIDE FINANCIAL, LLC 2 7.19% $8,573
    JPMorgan Chase Bank 2 7.06% $7,194
    LATINO COMMUNITY CREDIT UNION 2 6.63% $5,102
    Mr. Cooper ( Nationstar Mortgage ) 2 6.56% $6,479
    ACADEMY MORTGAGE CORPORATION 2 7.31% $17,555
    Regions Bank 2 7.06% $5,618
    UNION HOME MORTGAGE CORP. 2 7.06% $5,449
    U.S. Bank 2 6.75% $3,221
    Warsaw Federal Savings and Loan Association 2 6.24% $7,416
    ZILLOW HOME LOANS, LLC 2 7.31% $5,107
    BETTER MORTGAGE CORPORATION 1 5.25% $6,008
    Fifth Third Bank 1 6.13% $4,401
    LOANPAL, LLC 1 6.63% $3,289
    FBC MORTGAGE, LLC 1 5.63% $1,895
    MICHIGAN MUTUAL, INC. 1 6.75% $2,289
    Mid-Continent Funding, Inc. 1 6.50% $5,764
    Mortgage Assurance Inc. 1 6.00% $8,482
    Mortgage Research Center, LLC 1 6.50% $2,574
    EVERETT FINANCIAL, INC. 1 7.13% $9,909
    Allen Tate Mortgage Partners, LLC 1 7.63% $4,286
    M&T Bank 1 6.25% $7,394
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.88% $6,562
    Encompass Lending Group, LP 1 7.88% $5,799
    NBKC BANK 1 6.50% $2,693
    NexBank 1 7.38% $10,194
    North American Savings Bank, F.S.B. 1 7.50% $8,448
    CORNING 1 7.00% $2,876
    PENNYMAC LOAN SERVICES, LLC 1 6.88% $7,876
    Peoples Bank 1 5.95% $3,338
    CONTOUR MORTGAGE CORPORATION 1 6.50% $5,124
    PLAZA HOME MORTGAGE, INC. 1 7.38% $13,631
    PREMIER LENDING, INC. 1 7.38% $5,960
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.99% $3,314
    Prosperity Home Mortgage, LLC 1 6.50% $3,578
    Bank of America 1 5.38% $5,102
    COMMUNITYAMERICA 1 6.13% $3,242
    RAPID MORTGAGE COMPANY 1 7.50% $6,256
    ARC HOME LLC 1 9.13% $4,105
    RESOURCE FINANCIAL SERVICES, INC. 1 6.50% $3,806
    COASTAL Federal Credit Union 1 5.38% $3,066
    Citadel Servicing Corporation 1 9.13% $9,216
    South State Bank 1 9.00% $12,235
    Carter Bank & Trust 1 6.88% $3,292
    T2 FINANCIAL LLC 1 6.50% $4,925
    CAPITAL CENTER, L.L.C. 1 5.63% $5,720
    The Loan Store, Inc. 1 6.88% $8,996
    TJC Mortgage, Inc. 1 7.13% $4,053
    TOP FLITE FINANCIAL, INC. 1 6.38% $7,060
    Towne Bank 1 6.50% $7,464
    GENEVA FINANCIAL, LLC 1 7.50% $7,228
    GUILD MORTGAGE COMPANY 1 6.88% $4,296
    Gulf Coast Bank and Trust Company 1 6.00% $3,752
    First Reliance Bank 1 6.38% $5,255
    First National Bank of Pennsylvania 1 5.25% $2,869
    Blue Ridge Bank 1 6.38% $6,625
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.88% $3,917
    Integrity Home Mortgage Corp 1 8.00% $6,217
    INTERCOASTAL MORTGAGE COMPANY 1 7.75% $3,554
    Wolfe Financial, Inc 1 6.63% $7,267

    Albemarle Average Closing Costs & Other Stats

    Albemarle, NC's 97 lenders originated 1,916 loans during 2023. The total origination value was $394,830,000, with an average loan value of $206,070.

    Albemarle's average closing costs are $4,884.

    The top Albemarle lender as defined by loan originations is STATE EMPLOYEES', with 195 loans originated. Their average total fees are $4,290, which is $900 higher than the next largest lender, Uwharrie Bank.

    The lowest fee Albemarle lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($498), Uwharrie Bank ($3,389), Pinnacle Bank ($3,997), STATE EMPLOYEES' ($4,290) and Truist ($4,296).

    The lowest rate Albemarle lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.55%), STATE EMPLOYEES' (5.93%), LOCAL GOVERNMENT FEDERAL CREDIT UNION (5.99%), Pinnacle Bank (6.33%) and Truist (6.49%).

    Albemarle, NC 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
    STATE EMPLOYEES' $101,710,000 $69,920,000 -31.3% 17.7%
    MOVEMENT MORTGAGE, LLC $32,590,000 $32,870,000 0.9% 8.3%
    Uwharrie Bank $44,555,000 $31,895,000 -28.4% 8.1%
    DHI MORTGAGE COMPANY, LTD. $27,080,000 $26,800,000 -1.0% 6.8%
    UNITED WHOLESALE MORTGAGE, LLC $10,440,000 $16,285,000 56.0% 4.1%
    QUICKEN LOANS, LLC $23,100,000 $13,775,000 -40.4% 3.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $14,430,000 $12,675,000 -12.2% 3.2%
    LOCAL GOVERNMENT FEDERAL CREDIT UNION $18,925,000 $11,670,000 -38.3% 3.0%
    LOANDEPOT.COM, LLC $12,330,000 $9,395,000 -23.8% 2.4%
    First-Citizens Bank & Trust Company $7,075,000 $9,125,000 29.0% 2.3%
    Pinnacle Bank $9,925,000 $8,655,000 -12.8% 2.2%
    CORNERSTONE HOME LENDING, INC. $7,030,000 $8,190,000 16.5% 2.1%
    Wells Fargo Bank $6,135,000 $7,070,000 15.2% 1.8%
    First Bank $17,770,000 $5,880,000 -66.9% 1.5%
    Mortgage Research Center, LLC $5,440,000 $5,745,000 5.6% 1.5%
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. $6,110,000 $5,360,000 -12.3% 1.4%
    Ameris Bank $6,140,000 $4,920,000 -19.9% 1.2%
    Truist $6,470,000 $4,815,000 -25.6% 1.2%
    CROSSCOUNTRY MORTGAGE, LLC $5,570,000 $4,810,000 -13.6% 1.2%
    American Security Mortgage Corp. $7,100,000 $3,595,000 -49.4% 0.9%
    Sound Bank $3,555,000 n/a 0.9%
    CARDINAL FINANCIAL $2,685,000 $3,335,000 24.2% 0.8%
    SeaTrust Mortgage Company $2,085,000 $3,220,000 54.4% 0.8%
    NAVY FEDERAL CREDIT UNION $2,520,000 $3,115,000 23.6% 0.8%
    FOUNDERS FEDERAL CREDIT UNION $2,605,000 $3,100,000 19.0% 0.8%
    CMG MORTGAGE, INC. $215,000 $2,575,000 1,097.7% 0.7%
    PENNYMAC LOAN SERVICES, LLC $4,050,000 $2,355,000 -41.9% 0.6%
    ACADEMY MORTGAGE CORPORATION $205,000 $2,230,000 987.8% 0.6%
    AgFirst Farm Credit Bank $2,225,000 $2,200,000 -1.1% 0.6%
    VANDERBILT MORTGAGE AND FINANCE, INC. $3,055,000 $2,115,000 -30.8% 0.5%
    Northpointe Bank $1,935,000 $2,075,000 7.2% 0.5%
    TD Bank $270,000 $2,030,000 651.9% 0.5%
    Regions Bank $1,010,000 $1,875,000 85.6% 0.5%
    South State Bank $1,410,000 $1,875,000 33.0% 0.5%
    Bank of America $1,650,000 $1,700,000 3.0% 0.4%
    U.S. Bank $805,000 $1,660,000 106.2% 0.4%
    Alcova Mortgage LLC $4,260,000 $1,645,000 -61.4% 0.4%
    Flagstar Bank, FSB $2,685,000 $1,360,000 -49.3% 0.3%
    First National Bank of Pennsylvania $2,570,000 $1,345,000 -47.7% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $2,115,000 $1,310,000 -38.1% 0.3%
    FREEDOM MORTGAGE CORPORATION $3,295,000 $1,305,000 -60.4% 0.3%
    Atlantic Coast Mortgage, LLC $1,215,000 n/a 0.3%
    Fifth Third Bank $2,790,000 $1,175,000 -57.9% 0.3%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $195,000 $1,120,000 474.4% 0.3%
    LIMA ONE CAPITAL, LLC $1,095,000 n/a 0.3%
    GUILD MORTGAGE COMPANY $1,035,000 $1,080,000 4.3% 0.3%
    GUARANTEED RATE, INC. $2,095,000 $1,075,000 -48.7% 0.3%
    Truliant Federal Credit Union $1,905,000 $1,020,000 -46.5% 0.3%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $695,000 $1,005,000 44.6% 0.3%
    TJC Mortgage, Inc. $1,065,000 $995,000 -6.6% 0.3%
    Carrington Mortgage Services, LLC $1,245,000 $980,000 -21.3% 0.2%
    GUARANTEED RATE AFFINITY, LLC $970,000 n/a 0.2%
    LATINO COMMUNITY CREDIT UNION $435,000 $965,000 121.8% 0.2%
    NEW DAY FINANCIAL, LLC $810,000 $940,000 16.0% 0.2%
    BROKER SOLUTIONS, INC. $2,110,000 $920,000 -56.4% 0.2%
    HOMESIDE FINANCIAL, LLC $885,000 n/a 0.2%
    NEWREZ LLC $620,000 $880,000 41.9% 0.2%
    First Federal Bank $500,000 $825,000 65.0% 0.2%
    CHARLOTTE METRO FEDERAL CREDIT UNION $860,000 $820,000 -4.7% 0.2%
    FBC MORTGAGE, LLC $570,000 $805,000 41.2% 0.2%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $225,000 $795,000 253.3% 0.2%
    INTERCOASTAL MORTGAGE COMPANY $1,740,000 $710,000 -59.2% 0.2%
    Prosperity Home Mortgage, LLC $645,000 n/a 0.2%
    Blue Ridge Bank $135,000 $640,000 374.1% 0.2%
    EVERETT FINANCIAL, INC. $430,000 $635,000 47.7% 0.2%
    T2 FINANCIAL LLC $275,000 $635,000 130.9% 0.2%
    Towne Bank $2,725,000 $630,000 -76.9% 0.2%
    ZILLOW HOME LOANS, LLC $355,000 $625,000 76.1% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $415,000 $595,000 43.4% 0.2%
    AMERISAVE MORTGAGE CORPORATION $2,915,000 $585,000 -79.9% 0.1%
    Equity Prime Mortgage LLC $260,000 $580,000 123.1% 0.1%
    NexBank $565,000 n/a 0.1%
    LAKEVIEW LOAN SERVICING, LLC $1,485,000 $560,000 -62.3% 0.1%
    JPMorgan Chase Bank $800,000 $555,000 -30.6% 0.1%
    PROVIDENT FUNDING ASSOCIATES, L.P. $325,000 $540,000 66.2% 0.1%
    Farmers & Merchants Bank $530,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $390,000 $530,000 35.9% 0.1%
    RELIANCE FIRST CAPITAL, LLC $1,185,000 $515,000 -56.5% 0.1%
    The Fidelity Bank $95,000 $510,000 436.8% 0.1%
    American National Bank and Trust Company $485,000 n/a 0.1%
    CONTOUR MORTGAGE CORPORATION $485,000 n/a 0.1%
    Deere Employees Credit Union $85,000 $485,000 470.6% 0.1%
    COASTAL Federal Credit Union $1,325,000 $475,000 -64.2% 0.1%
    MID AMERICA MORTGAGE, INC. $265,000 $460,000 73.6% 0.1%
    UNION HOME MORTGAGE CORP. $505,000 $460,000 -8.9% 0.1%
    North American Savings Bank, F.S.B. $455,000 n/a 0.1%
    PLAZA HOME MORTGAGE, INC. $325,000 $450,000 38.5% 0.1%
    Warsaw Federal Savings and Loan Association $450,000 n/a 0.1%
    RAPID MORTGAGE COMPANY $1,310,000 $440,000 -66.4% 0.1%
    RESOURCE FINANCIAL SERVICES, INC. $435,000 n/a 0.1%
    Discover Bank $565,000 $420,000 -25.7% 0.1%
    Carter Bank & Trust $415,000 n/a 0.1%
    HOMESTAR FINANCIAL CORPORATION $405,000 n/a 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $945,000 $405,000 -57.1% 0.1%
    PNC Bank $365,000 $380,000 4.1% 0.1%
    A&D Mortgage LLC $375,000 n/a 0.1%
    C & F Mortgage Corporation $225,000 $375,000 66.7% 0.1%
    USAA Federal Savings Bank $795,000 $375,000 -52.8% 0.1%
    ROYAL UNITED MORTGAGE LLC $105,000 $370,000 252.4% 0.1%
    Renasant Bank $670,000 $365,000 -45.5% 0.1%
    LENDINGHOME FUNDING CORPORATION $595,000 $360,000 -39.5% 0.1%
    Magnolia Bank $185,000 $345,000 86.5% 0.1%
    CALCON MUTUAL MORTGAGE LLC $340,000 n/a 0.1%
    BAY EQUITY LLC $335,000 n/a 0.1%
    Nations Lending Corporation $880,000 $325,000 -63.1% 0.1%
    OPEN MORTGAGE, LLC $325,000 n/a 0.1%
    Encompass Lending Group, LP $305,000 n/a 0.1%
    Mid-Continent Funding, Inc. $300,000 n/a 0.1%
    NBKC BANK $345,000 $295,000 -14.5% 0.1%
    VERITAS FUNDING, LLC $295,000 n/a 0.1%
    Ixonia Bank $155,000 $285,000 83.9% 0.1%
    Peoples Bank $385,000 $285,000 -26.0% 0.1%
    Citizens Bank $800,000 $280,000 -65.0% 0.1%
    Paramount Residential Mortgage Group, Inc. $275,000 n/a 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $260,000 $275,000 5.8% 0.1%
    SELF-HELP Credit Union $275,000 n/a 0.1%
    United Bank $2,805,000 $265,000 -90.6% 0.1%
    SOUTHWEST STAGE FUNDING, LLC $260,000 n/a 0.1%
    TRIAD FINANCIAL SERVICES, INC. $330,000 $260,000 -21.2% 0.1%
    Bank of England $255,000 n/a 0.1%
    FORT FINANCIAL Federal Credit Union $485,000 $255,000 -47.4% 0.1%
    COMMUNITYAMERICA $245,000 n/a 0.1%
    FIDELITY DIRECT MORTGAGE, LLC $245,000 n/a 0.1%
    Towne Mortgage of the Carolinas, LLC $240,000 n/a 0.1%
    Citadel Servicing Corporation $135,000 $235,000 74.1% 0.1%
    CLEARPATH LENDING $205,000 $235,000 14.6% 0.1%
    CORNING $15,000 $235,000 1,466.7% 0.1%
    First Reliance Bank $560,000 $235,000 -58.0% 0.1%
    Integrity Home Mortgage Corp $235,000 n/a 0.1%
    Gateway First Bank $1,245,000 $230,000 -81.5% 0.1%
    Figure Lending LLC $265,000 $225,000 -15.1% 0.1%
    The Federal Savings Bank $285,000 $225,000 -21.1% 0.1%
    The Loan Store, Inc. $225,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $590,000 $215,000 -63.6% 0.1%
    Mortgage Assurance Inc. $215,000 n/a 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $400,000 $205,000 -48.8% 0.1%
    CAPITAL CENTER, L.L.C. $815,000 $205,000 -74.8% 0.1%
    CHURCHILL MORTGAGE CORPORATION $165,000 $205,000 24.2% 0.1%
    DIRECT MORTGAGE LOANS, LLC $205,000 n/a 0.1%
    Wolfe Financial, Inc $225,000 $205,000 -8.9% 0.1%
    BETTER MORTGAGE CORPORATION $980,000 $195,000 -80.1% 0.0%
    BMO Harris Bank $195,000 n/a 0.0%
    GENEVA FINANCIAL, LLC $475,000 $195,000 -58.9% 0.0%
    MICHIGAN MUTUAL, INC. $565,000 $195,000 -65.5% 0.0%
    AMERICAN FINANCIAL NETWORK, INC. $185,000 n/a 0.0%
    Commerce Home Mortgage, Inc. $185,000 n/a 0.0%
    M&T Bank $155,000 $175,000 12.9% 0.0%
    MTC Federal Credit Union $170,000 n/a 0.0%
    Allen Tate Mortgage Partners, LLC $635,000 $165,000 -74.0% 0.0%
    Southern Bank and Trust Company $165,000 n/a 0.0%
    Third Federal Savings and Loan Association of Cleveland $260,000 $160,000 -38.5% 0.0%
    FINANCE OF AMERICA REVERSE LLC $460,000 $155,000 -66.3% 0.0%
    HOWARD HANNA FINANCIAL SERVICES, INC. $155,000 n/a 0.0%
    LEGEND LENDING CORPORATION $265,000 $150,000 -43.4% 0.0%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $530,000 $145,000 -72.6% 0.0%
    EQUITY RESOURCES, INC. $135,000 n/a 0.0%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $1,355,000 $135,000 -90.0% 0.0%
    ARC HOME LLC $125,000 n/a 0.0%
    McKenzie Banking Company $125,000 n/a 0.0%
    AgSouth Farm Credit, ACA $115,000 n/a 0.0%
    Gulf Coast Bank and Trust Company $115,000 n/a 0.0%
    Plains Commerce Bank $225,000 $115,000 -48.9% 0.0%
    HOMEXPRESS MORTGAGE CORP. $265,000 $105,000 -60.4% 0.0%
    FINANCE OF AMERICA MORTGAGE LLC $620,000 $95,000 -84.7% 0.0%
    21ST MORTGAGE CORPORATION $75,000 n/a 0.0%
    COUNTRYPLACE MORTGAGE, LTD. $75,000 n/a 0.0%
    PREMIER LENDING, INC. $365,000 $75,000 -79.5% 0.0%
    American Airlines Federal Credit Union $55,000 n/a 0.0%
    LOANPAL, LLC $195,000 $55,000 -71.8% 0.0%
    SPRING EQ, LLC $160,000 $55,000 -65.6% 0.0%
    ALLEGACY FEDERAL CREDIT UNION $275,000 $25,000 -90.9% 0.0%
    Home Loan Investment Bank, F.S.B. $15,000 $15,000 0.0% 0.0%

    Albemarle's top lender by overall market share is STATE EMPLOYEES', with 17.7% market share. In second place, with 8.3%, is MOVEMENT MORTGAGE, LLC, having originated $32,870,000 in loans. In third place, with 8.1%, is Uwharrie Bank, having originated $31,895,000 in loans. In fourth place, with 6.8%, is DHI MORTGAGE COMPANY, LTD., having originated $26,800,000 in loans. In fifth place, with 4.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $16,285,000 in loans.

    Albemarle Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Albemarle (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $249,700 (6.9%) $317,158 (-5.5%) 0.00 250
    2018-02-01 $252,038 (2.4%) $323,624 (-9.4%) 0.00 235
    2018-03-01 $249,500 (2.6%) $340,211 (-4.9%) 0.00 241
    2018-04-01 $273,800 (9.6%) $364,002 (0.7%) 0.00 258
    2018-05-01 $275,375 (5.9%) $366,403 (1.5%) 0.00 270
    2018-06-01 $261,500 (-6.4%) $368,046 (2.0%) 0.00 281
    2018-07-01 $277,475 (-1.8%) $385,101 (6.9%) 0.00 285
    2018-08-01 $271,950 (-6.1%) $382,707 (4.0%) 0.00 295
    2018-09-01 $265,900 (-4.9%) $374,651 (1.5%) 0.00 312
    2018-10-01 $266,300 (-4.9%) $379,381 (3.6%) 0.00 301
    2018-11-01 $259,900 (-7.7%) $373,556 (4.7%) 0.00 286
    2018-12-01 $252,400 (-2.9%) $375,499 (12.9%) 0.00 264
    2019-01-01 $249,900 (0.1%) $371,400 (17.1%) 0.00 248
    2019-02-01 $256,950 (2.0%) $372,094 (15.0%) 0.00 249
    2019-03-01 $265,757 (6.5%) $385,216 (13.2%) 0.00 262
    2019-04-01 $274,850 (0.4%) $390,211 (7.2%) 0.00 285
    2019-05-01 $258,075 (-6.3%) $374,687 (2.3%) 0.00 322
    2019-06-01 $249,900 (-4.4%) $364,580 (-0.9%) 0.00 309
    2019-07-01 $249,900 (-9.9%) $358,536 (-6.9%) 0.00 291
    2019-08-01 $246,882 (-9.2%) $344,726 (-9.9%) 0.00 288
    2019-09-01 $242,955 (-8.6%) $333,412 (-11.0%) 0.00 294
    2019-10-01 $240,361 (-9.7%) $327,004 (-13.8%) 0.00 287
    2019-11-01 $249,900 (-3.9%) $338,350 (-9.4%) 0.00 264
    2019-12-01 $262,223 (3.9%) $359,826 (-4.2%) 0.00 237
    2020-01-01 $261,928 (4.8%) $365,732 (-1.5%) 0.00 201
    2020-02-01 $253,750 (-1.3%) $361,941 (-2.7%) 0.00 209
    2020-03-01 $256,200 (-3.6%) $371,032 (-3.7%) 0.00 221
    2020-04-01 $252,400 (-8.2%) $366,785 (-6.0%) 0.00 220
    2020-05-01 $259,900 (0.7%) $390,782 (4.3%) 0.00 191
    2020-06-01 $254,950 (2.0%) $388,177 (6.5%) 0.00 170
    2020-07-01 $254,950 (2.0%) $394,569 (10.1%) 0.00 155
    2020-08-01 $249,950 (1.2%) $402,941 (16.9%) 0.00 142
    2020-09-01 $239,625 (-1.4%) $380,545 (14.1%) 0.00 141
    2020-10-01 $250,000 (4.0%) $385,612 (17.9%) 0.00 133
    2020-11-01 $238,725 (-4.5%) $387,290 (14.5%) 0.00 127
    2020-12-01 $230,375 (-12.2%) $390,798 (8.6%) 0.00 119
    2021-01-01 $217,500 (-17.0%) $382,084 (4.5%) 0.00 104
    2021-02-01 $214,975 (-15.3%) $388,759 (7.4%) 0.00 93
    2021-03-01 $251,175 (-2.0%) $389,505 (5.0%) 0.00 84
    2021-04-01 $259,500 (2.8%) $423,550 (15.5%) 0.00 78
    2021-05-01 $269,000 (3.5%) $418,557 (7.1%) 0.00 94
    2021-06-01 $293,975 (15.3%) $418,169 (7.7%) 0.00 112
    2021-07-01 $299,900 (17.6%) $428,220 (8.5%) 0.00 106
    2021-08-01 $269,950 (8.0%) $386,590 (-4.1%) 0.00 128
    2021-09-01 $276,725 (15.5%) $377,211 (-0.9%) 0.00 122
    2021-10-01 $269,900 (8.0%) $350,170 (-9.2%) 0.00 108
    2021-11-01 $260,000 (8.9%) $353,111 (-8.8%) 0.00 90
    2021-12-01 $263,650 (14.4%) $332,485 (-14.9%) 0.00 96
    2022-01-01 $329,000 (51.3%) $365,557 (-4.3%) 0.00 80
    2022-02-01 $312,425 (45.3%) $360,140 (-7.4%) 0.00 62
    2022-03-01 $284,231 (13.2%) $344,032 (-11.7%) 0.00 67
    2022-04-01 $296,900 (14.4%) $382,191 (-9.8%) 0.00 71
    2022-05-01 $348,848 (29.7%) $442,774 (5.8%) 0.00 87
    2022-06-01 $348,200 (18.5%) $423,458 (1.3%) 0.00 96
    2022-07-01 $329,900 (10.0%) $410,634 (-4.1%) 0.00 127
    2022-08-01 $314,700 (16.6%) $405,905 (5.0%) 0.00 146
    2022-09-01 $301,175 (8.8%) $364,699 (-3.3%) 0.00 190
    2022-10-01 $319,950 (18.5%) $389,635 (11.3%) 0.00 203
    2022-11-01 $322,850 (24.2%) $370,480 (4.9%) 0.00 217
    2022-12-01 $302,500 (14.7%) $348,402 (4.8%) 0.00 195
    2023-01-01 $304,500 (-7.5%) $348,891 (-4.6%) 0.00 195
    2023-02-01 $330,750 (5.9%) $402,976 (11.9%) 0.00 169
    2023-03-01 $329,950 (16.1%) $440,005 (27.9%) 0.00 165
    2023-04-01 $329,900 (11.1%) $437,923 (14.6%) 0.00 152
    2023-05-01 $332,000 (-4.8%) $460,610 (4.0%) 0.00 138
    2023-06-01 $329,900 (-5.3%) $444,581 (5.0%) 0.00 155
    2023-07-01 $339,100 (2.8%) $455,675 (11.0%) 0.00 164
    2023-08-01 $347,225 (10.3%) $461,942 (13.8%) 0.00 160
    2023-09-01 $339,900 (12.9%) $458,547 (25.7%) 0.00 157
    2023-10-01 $357,963 (11.9%) $463,681 (19.0%) 0.00 168
    2023-11-01 $326,860 (1.2%) $449,055 (21.2%) 0.00 174
    2023-12-01 $325,000 (7.4%) $454,878 (30.6%) 0.00 175
    2024-01-01 $329,675 (8.3%) $448,950 (28.7%) 0.00 175
    2024-02-01 $340,350 (2.9%) $480,827 (19.3%) 0.00 162
    2024-03-01 $350,000 (6.1%) $457,539 (4.0%) 0.00 164
    Albemarle's median listing price for 2024-03-01 was $350,000, a difference of $20,050 (6.1%) versus the prior year and $9,650 versus the prior month.

    Albemarle's median listing price comes in at 0% of the national average.

    Albemarle's average listing price for 2024-03-01 was $457,539, a difference of $17,534 (4.0%) versus the prior year and $-23,288 versus the prior month.

    For the 2024-03-01 period, Albemarle had 164 MLS listings, a difference of 2 listings (1%) versus the prior month and -1 listings (-1%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Albemarle (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,947 sqft
    2018-02-01 0 days 1,977 sqft
    2018-03-01 0 days 1,953 sqft
    2018-04-01 0 days 2,045 sqft
    2018-05-01 0 days 2,019 sqft
    2018-06-01 0 days 1,999 sqft
    2018-07-01 0 days 1,999 sqft
    2018-08-01 0 days 1,955 sqft
    2018-09-01 0 days 1,824 sqft
    2018-10-01 0 days 1,831 sqft
    2018-11-01 0 days 1,840 sqft
    2018-12-01 0 days 1,885 sqft
    2019-01-01 0 days 1,811 sqft
    2019-02-01 0 days 1,810 sqft
    2019-03-01 0 days 1,827 sqft
    2019-04-01 0 days 1,828 sqft
    2019-05-01 0 days 1,826 sqft
    2019-06-01 0 days 2,007 sqft
    2019-07-01 0 days 2,009 sqft
    2019-08-01 0 days 1,983 sqft
    2019-09-01 0 days 1,995 sqft
    2019-10-01 0 days 2,005 sqft
    2019-11-01 0 days 1,905 sqft
    2019-12-01 0 days 1,995 sqft
    2020-01-01 0 days 1,981 sqft
    2020-02-01 0 days 1,863 sqft
    2020-03-01 0 days 1,824 sqft
    2020-04-01 0 days 1,813 sqft
    2020-05-01 0 days 1,845 sqft
    2020-06-01 0 days 1,840 sqft
    2020-07-01 0 days 1,913 sqft
    2020-08-01 0 days 1,887 sqft
    2020-09-01 0 days 1,796 sqft
    2020-10-01 0 days 1,946 sqft
    2020-11-01 0 days 1,838 sqft
    2020-12-01 0 days 1,757 sqft
    2021-01-01 0 days 1,732 sqft
    2021-02-01 0 days 1,670 sqft
    2021-03-01 0 days 1,669 sqft
    2021-04-01 0 days 1,717 sqft
    2021-05-01 0 days 1,813 sqft
    2021-06-01 0 days 1,773 sqft
    2021-07-01 0 days 1,772 sqft
    2021-08-01 0 days 1,614 sqft
    2021-09-01 0 days 1,700 sqft
    2021-10-01 0 days 1,698 sqft
    2021-11-01 0 days 1,677 sqft
    2021-12-01 0 days 1,587 sqft
    2022-01-01 0 days 1,729 sqft
    2022-02-01 0 days 1,715 sqft
    2022-03-01 0 days 1,669 sqft
    2022-04-01 0 days 1,676 sqft
    2022-05-01 0 days 1,782 sqft
    2022-06-01 0 days 1,698 sqft
    2022-07-01 0 days 1,670 sqft
    2022-08-01 0 days 1,614 sqft
    2022-09-01 0 days 1,588 sqft
    2022-10-01 0 days 1,669 sqft
    2022-11-01 0 days 1,629 sqft
    2022-12-01 0 days 1,548 sqft
    2023-01-01 0 days 1,538 sqft
    2023-02-01 0 days 1,653 sqft
    2023-03-01 0 days 1,631 sqft
    2023-04-01 0 days 1,586 sqft
    2023-05-01 0 days 1,710 sqft
    2023-06-01 0 days 1,648 sqft
    2023-07-01 0 days 1,736 sqft
    2023-08-01 0 days 1,690 sqft
    2023-09-01 0 days 1,662 sqft
    2023-10-01 0 days 1,733 sqft
    2023-11-01 0 days 1,621 sqft
    2023-12-01 0 days 1,602 sqft
    2024-01-01 0 days 1,603 sqft
    2024-02-01 0 days 1,630 sqft
    2024-03-01 0 days 1,623 sqft
    Albemarle's median listing age (time on market) for 2024-03-01 was 0 days.

    Albemarle's median square footage for active listings during the 2024-03-01 period was 1,623 sqft. One year prior, the average listing was 1,631 sqft.

    Albemarle, NC Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,122 $305,560,000 $272,335
    Home Improvement 238 $19,040,000 $80,000
    Other 226 $19,260,000 $85,221
    Refi 185 $25,965,000 $140,351
    Cash Out Refi 145 $25,005,000 $172,448

    Albemarle's most frequently cited loan purpose was Home Purchase, with 1,122 originations. The 2nd most popular reason was Home Improvement, with 238 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 573 $144,415,000 $252,033
    7-8% 452 $83,420,000 $184,558
    5-6% 396 $107,290,000 $270,934
    Over 8% 239 $26,355,000 $110,272
    4-5% 216 $27,810,000 $128,750
    <2.5% 13 $155,000 $11,923
    3-4% 1 $495,000 $495,000
    2.5-3% 1 $255,000 $255,000

    During 2023, Albemarle's most frequently originated rate bucket was 6-7%, with 573 originations.

    Loan Sizing (Albemarle, NC MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 804 $229,270,000 $285,162
    $100,000 or less 531 $28,505,000 $53,682
    $100k-200k 453 $67,195,000 $148,333
    $400k-600k 105 $48,055,000 $457,667
    $600k-1000k 17 $12,175,000 $716,176
    $Over $1MM 6 $9,630,000 $1,605,000

    Albemarle's loan sizing saw the bucket of loans from $200k-400k with 804 originations, totaling $229,270,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 798 $230,060,000 $288,296
    Under 20% 317 $14,845,000 $46,830
    60-80% 300 $72,540,000 $241,800
    20-40% 263 $26,585,000 $101,084
    40-60% 180 $33,530,000 $186,278
    Over 100% 42 $11,590,000 $275,952

    Albemarle's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 798 originations, totaling $230,060,000 in origination value.