Albemarle Mortgage Rates

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Albemarle averaged 6.46% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

The average rate for the prior week (2022-06-16) was 6.43% and one month ago for the week of 2022-05-19, the average rate was 5.8%.

Albemarle's average rate one year ago was 3.09%.

For refis of the same type during the week of 2022-06-23, the average rate was 5.9%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Albemarle 30 Year Fixed Rate 2022-06-23 6.46%
Albemarle 30 Year Fixed Rate Refi 2022-06-23 5.9%
Albemarle 15 Year Fixed Rate 2022-06-23 5.9%
Albemarle 15 Year Fixed Rate Refi 2022-06-23 5.51%
Albemarle 30 Year FHA 2022-06-23 -0.06%
Albemarle 30 Year FHA Refi 2022-06-23 0%
Albemarle 30 Year USDA 2022-06-23 0.25%
Albemarle 30 Year USDA Refi 2022-06-23 -0.03%
Albemarle 30 Year VA 2022-06-23 0.27%
Albemarle 30 Year VA Refi 2022-06-23 -0.02%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
STATE EMPLOYEES' 365 3.33% $3,756
Uwharrie Bank 154 3.35% $2,377
QUICKEN LOANS, LLC 104 3.08% $4,922
MOVEMENT MORTGAGE, LLC 65 3.19% $3,804
LOCAL GOVERNMENT FEDERAL CREDIT UNION 63 3.43% $3,646
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 58 3.26% $4,558
Wells Fargo Bank 31 3.17% $3,258
Pinnacle Bank 26 3.16% $3,407
UNITED WHOLESALE MORTGAGE, LLC 26 3.11% $3,571
American Security Mortgage Corp. 23 2.87% $3,123
LOANDEPOT.COM, LLC 17 3.09% $6,270
SOUTHERN TRUST MORTGAGE, LLC 15 3.12% $3,407
Truist Bank 15 2.91% $4,514
Ameris Bank 12 3.18% $3,397
Mr. Cooper ( Nationstar Mortgage ) 12 3.23% $3,618
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 11 3.27% $3,693
AMERISAVE MORTGAGE CORPORATION 11 2.79% $5,595
Bank of America 10 2.71% $3,224
Fifth Third Bank 10 3.19% $3,102
Wyndham Capital Mortgage, Inc. 10 2.97% $1,617
SHARONVIEW FEDERAL CREDIT UNION 9 3.39% $2,204
TD Bank 9 3.13% $6,660
Alcova Mortgage LLC 9 3.36% $3,962
First Bank 9 3.10% $4,325
First-Citizens Bank & Trust Company 9 3.08% $3,180
JPMorgan Chase Bank 8 3.12% $1,886
NEWREZ LLC 7 3.43% $3,366
Flagstar Bank, FSB 7 3.04% $4,123
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 7 3.37% $3,903
NFM, INC. 7 3.54% $3,990
SeaTrust Mortgage Company 6 3.02% $4,030
BROKER SOLUTIONS, INC. 6 3.14% $3,569
GUARANTEED RATE, INC. 6 3.08% $3,607
CORNERSTONE HOME LENDING, INC. 6 3.25% $3,680
CROSSCOUNTRY MORTGAGE, LLC 6 3.04% $4,755
PENNYMAC LOAN SERVICES, LLC 6 2.98% $4,437
ROYAL UNITED MORTGAGE LLC 5 3.70% $5,239
LATINO COMMUNITY CREDIT UNION 5 5.70% $4,317
PRIMARY RESIDENTIAL MORTGAGE, INC. 5 3.00% $4,505
South State Bank 5 3.38% $5,869
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 3.82% $3,271
BETTER MORTGAGE CORPORATION 5 3.20% $2,355
VANDERBILT MORTGAGE AND FINANCE, INC. 5 3.55% $5,849
MCLEAN MORTGAGE CORPORATION 5 3.25% $4,535
FORT FINANCIAL Federal Credit Union 5 3.23% $3,702
NAVY FEDERAL CREDIT UNION 4 3.28% $4,362
CALIBER HOME LOANS, INC. 4 3.17% $2,426
Nations Lending Corporation 4 2.94% $5,718
HOME POINT FINANCIAL CORPORATION 4 3.19% $3,374
Allen Tate Mortgage Partners, LLC 4 3.09% $3,313
HOMEOWNERS FINANCIAL GROUP USA, LLC 4 3.16% $5,499
InterContinental Capital Group, Inc 4 3.06% $3,314
FREEDOM MORTGAGE CORPORATION 4 3.09% $3,529
AMERIFIRST FINANCIAL CORPORATION 4 3.31% $3,517
CAPITAL CENTER, L.L.C. 4 3.06% $1,453
FINANCE OF AMERICA MORTGAGE LLC 3 3.08% $3,518
FOUNDERS FEDERAL CREDIT UNION 3 4.75% $3,555
RAPID MORTGAGE COMPANY 3 3.42% $6,549
CERTAINTY HOME LOANS, LLC 3 3.12% $3,503
SUMMIT FUNDING, INC. 3 2.83% $5,053
RELIANCE FIRST CAPITAL, LLC 3 3.08% $4,784
CMG MORTGAGE, INC. 3 3.33% $3,425
CHARLOTTE METRO FEDERAL CREDIT UNION 3 2.88% $3,946
PROVIDENT FUNDING ASSOCIATES, L.P. 3 2.67% $3,002
First Federal Bank 3 2.79% $2,499
Towne Bank 3 3.54% $3,363
INTERCOASTAL MORTGAGE COMPANY 3 3.08% $3,121
Regions Bank 2 3.31% $8,777
AMERICAN FINANCIAL NETWORK, INC. 2 2.69% $4,741
AMERICAN FINANCING CORPORATION 2 3.19% $4,062
Blue Ridge Bank 2 3.38% $5,633
Citizens Bank 2 3.00% $4,061
EVERETT FINANCIAL, INC. 2 3.19% $2,505
Evolve Bank & Trust 2 3.25% $3,503
First National Bank of Pennsylvania 2 2.88% $2,892
Gateway First Bank 2 2.94% $953
HOMESIDE FINANCIAL, LLC 2 2.88% $3,334
LADERA LENDING, INC. 2 3.19% $4,113
Lend Smart Mortgage, LLC 2 3.25% $3,867
LIBERTY HOME MORTGAGE CORPORATION 2 3.25% $2,929
MICHIGAN MUTUAL, INC. 2 3.25% $4,352
Mortgage Research Center, LLC 2 2.93% $2,477
Northpointe Bank 2 2.63% $5,283
PNC Bank 2 3.13% $4,758
Renasant Bank 2 3.18% $4,670
RESOURCE FINANCIAL SERVICES, INC. 2 2.94% $2,905
RUOFF MORTGAGE COMPANY, INC. 2 3.44% $2,006
TOWNE MORTGAGE COMPANY 2 2.69% $3,700
ZILLOW HOME LOANS, LLC 2 3.44% $3,775
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.25% $3,737
GUILD MORTGAGE COMPANY 1 2.75% $6,545
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 3.63% $1,682
GENEVA FINANCIAL, LLC 1 3.00% $4,526
North American Savings Bank, F.S.B. 1 3.25% $2,454
Assurance Financial Group, L.L.C. 1 3.88% $3,475
FRANKLIN MINT 1 3.00% $5,690
PENTAGON FEDERAL CREDIT UNION 1 3.13% $2,010
First Palmetto Bank 1 2.75% $3,236
Associated Credit Union 1 2.88% $4,710
POLARIS HOME FUNDING CORP. 1 3.25% $2,706
PREMIA MORTGAGE, LLC 1 2.99% $0
PREMIER LENDING, INC. 1 3.63% $5,139
First Mortgage Solutions, LLC 1 3.25% $2,661
First Internet Bank of Indiana 1 2.99% $4,089
First Guaranty Mortgage Corporation 1 2.88% $1,426
FBC MORTGAGE, LLC 1 3.38% $3,522
FAMILY FIRST FUNDING LLC 1 3.25% $2,719
AgFirst Farm Credit Bank 1 3.00% $4,820
EQUITY RESOURCES, INC. 1 3.13% $3,475
ANGEL OAK HOME LOANS LLC 1 4.88% $3,965
AMERICAN INTERNET MORTGAGE, INC. 1 2.75% $2,853
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.25% $2,864
Corporate Investors Mortgage Group, Inc. 1 3.38% $3,531
Wolfe Financial, Inc 1 3.50% $3,473
CORNING 1 2.88% $3,391
Shamrock Home Loans, Inc. 1 3.88% $5,093
COMMUNITYAMERICA 1 3.25% $2,915
Southern Bank and Trust Company 1 2.88% $2,862
COASTAL Federal Credit Union 1 3.00% $3,353
SOUTHPOINT FINANCIAL SERVICES, INC. 1 3.13% $13,386
Citibank 1 2.88% $4,163
SOVEREIGN LENDING GROUP INCORPORATED 1 2.88% $4,279
C & F Mortgage Corporation 1 2.63% $2,572
STEARNS LENDING, LLC 1 3.25% $1,840
Stifel Bank and Trust 1 3.00% $2,706
Strong Home Mortgage, LLC 1 2.75% $8,666
Cf Bank 1 3.50% $1,995
T2 FINANCIAL LLC 1 3.63% $6,857
CELEBRITY HOME LOANS, LLC 1 2.75% $3,061
The Central Trust Bank 1 3.49% $4,964
The Federal Savings Bank 1 2.88% $5,625
TJC Mortgage, Inc. 1 2.75% $525
Capital Bank 1 2.88% $3,732
Ally Bank 1 2.88% $4,776
Austin Capital Bank SSB 1 2.63% $3,913
Liberty Savings Bank, F.S.B. 1 3.25% $2,034
LOANPAL, LLC 1 3.50% $5,520
LAKEVIEW LOAN SERVICING, LLC 1 3.75% $4,137
JET HOMELOANS, LLC 1 3.25% $6,814
Truliant Federal Credit Union 1 3.25% $4,191
MID AMERICA MORTGAGE, INC. 1 2.38% $3,069
United Community Bank 1 2.88% $3,040
Hometown Lenders, Inc. 1 3.63% $5,552
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.25% $3,387

Albemarle, NC's 144 lenders originated 3,032 loans during 2021. The total origination value was $587,150,000, with an average loan value of $193,651.

The top Albemarle lender as defined by loan originations is STATE EMPLOYEES', with 365 loans originated. Their average total fees are $3,756, which is $1,380 higher than the next largest lender, Uwharrie Bank.

The lowest fee Albemarle lenders (with over 10 loans originated) are Wyndham Capital Mortgage, Inc. ($1,617), Uwharrie Bank ($2,377), Fifth Third Bank ($3,102), American Security Mortgage Corp. ($3,123) and Bank of America ($3,224).

The lowest rate Albemarle lenders (with over 10 loans originated) are Bank of America (2.71%), AMERISAVE MORTGAGE CORPORATION (2.79%), American Security Mortgage Corp. (2.87%), Truist Bank (2.91%) and Wyndham Capital Mortgage, Inc. (2.97%).

Albemarle, NC Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
STATE EMPLOYEES' $58,740,000 $106,595,000 81.5% 18.2%
Uwharrie Bank $68,660,000 $60,320,000 -12.1% 10.3%
QUICKEN LOANS, LLC $37,145,000 $45,120,000 21.5% 7.7%
MOVEMENT MORTGAGE, LLC $22,405,000 $33,545,000 49.7% 5.7%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $15,390,000 $21,155,000 37.5% 3.6%
LOCAL GOVERNMENT FEDERAL CREDIT UNION $13,085,000 $18,775,000 43.5% 3.2%
Wells Fargo Bank $10,860,000 $14,080,000 29.7% 2.4%
First Bank $14,505,000 $13,935,000 -3.9% 2.4%
Pinnacle Bank $9,930,000 $11,805,000 18.9% 2.0%
FREEDOM MORTGAGE CORPORATION $10,060,000 $11,255,000 11.9% 1.9%
American Security Mortgage Corp. $6,425,000 $10,105,000 57.3% 1.7%
Truist Bank $9,510,000 $9,295,000 -2.3% 1.6%
LOANDEPOT.COM, LLC $7,410,000 $9,240,000 24.7% 1.6%
UNITED WHOLESALE MORTGAGE, LLC $3,155,000 $9,080,000 187.8% 1.5%
SOUTHERN TRUST MORTGAGE, LLC $8,655,000 $7,175,000 -17.1% 1.2%
Mortgage Research Center, LLC $3,785,000 $5,585,000 47.6% 1.0%
First-Citizens Bank & Trust Company $5,770,000 $5,300,000 -8.1% 0.9%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $5,415,000 $5,170,000 -4.5% 0.9%
Ameris Bank $2,850,000 $5,155,000 80.9% 0.9%
AMERISAVE MORTGAGE CORPORATION $2,200,000 $5,045,000 129.3% 0.9%
CROSSCOUNTRY MORTGAGE, LLC $1,715,000 $4,925,000 187.2% 0.8%
PENNYMAC LOAN SERVICES, LLC $2,395,000 $4,480,000 87.1% 0.8%
Alcova Mortgage LLC $6,550,000 $4,255,000 -35.0% 0.7%
TD Bank $570,000 $3,955,000 593.9% 0.7%
Towne Bank $1,695,000 $3,945,000 132.7% 0.7%
CORNERSTONE HOME LENDING, INC. $5,830,000 $3,930,000 -32.6% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $3,440,000 $3,820,000 11.0% 0.7%
LAKEVIEW LOAN SERVICING, LLC $3,135,000 $3,680,000 17.4% 0.6%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,220,000 $3,590,000 61.7% 0.6%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,890,000 $3,535,000 87.0% 0.6%
Fifth Third Bank $2,135,000 $3,400,000 59.3% 0.6%
NEWREZ LLC $3,595,000 $3,400,000 -5.4% 0.6%
First National Bank of Pennsylvania $2,315,000 $3,305,000 42.8% 0.6%
JPMorgan Chase Bank $3,110,000 $2,975,000 -4.3% 0.5%
NFM, INC. $1,715,000 $2,905,000 69.4% 0.5%
Bank of America $3,430,000 $2,900,000 -15.5% 0.5%
SHARONVIEW FEDERAL CREDIT UNION $1,795,000 $2,735,000 52.4% 0.5%
BROKER SOLUTIONS, INC. $1,375,000 $2,680,000 94.9% 0.5%
NAVY FEDERAL CREDIT UNION $1,565,000 $2,645,000 69.0% 0.5%
Wyndham Capital Mortgage, Inc. $1,525,000 $2,615,000 71.5% 0.4%
SeaTrust Mortgage Company $530,000 $2,605,000 391.5% 0.4%
MCLEAN MORTGAGE CORPORATION $790,000 $2,425,000 207.0% 0.4%
AgFirst Farm Credit Bank $2,685,000 $2,420,000 -9.9% 0.4%
CAPITAL CENTER, L.L.C. $2,220,000 n/a 0.4%
NEW DAY FINANCIAL, LLC $1,295,000 $2,205,000 70.3% 0.4%
GUARANTEED RATE, INC. $715,000 $2,010,000 181.1% 0.3%
FORT FINANCIAL Federal Credit Union $1,190,000 $1,910,000 60.5% 0.3%
South State Bank $1,735,000 $1,860,000 7.2% 0.3%
Flagstar Bank, FSB $910,000 $1,815,000 99.5% 0.3%
HOME POINT FINANCIAL CORPORATION $1,260,000 $1,785,000 41.7% 0.3%
BETTER MORTGAGE CORPORATION $580,000 $1,710,000 194.8% 0.3%
CALIBER HOME LOANS, INC. $2,250,000 $1,675,000 -25.6% 0.3%
CERTAINTY HOME LOANS, LLC $165,000 $1,670,000 912.1% 0.3%
INTERCOASTAL MORTGAGE COMPANY $1,640,000 n/a 0.3%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,035,000 $1,520,000 46.9% 0.3%
First Federal Bank $575,000 $1,495,000 160.0% 0.3%
USAA Federal Savings Bank $1,950,000 $1,395,000 -28.5% 0.2%
Truliant Federal Credit Union $610,000 $1,380,000 126.2% 0.2%
FINANCE OF AMERICA MORTGAGE LLC $675,000 $1,345,000 99.3% 0.2%
RELIANCE FIRST CAPITAL, LLC $245,000 $1,325,000 440.8% 0.2%
Carrington Mortgage Services, LLC $220,000 $1,300,000 490.9% 0.2%
Regions Bank $780,000 $1,280,000 64.1% 0.2%
American National Bank and Trust Company $1,255,000 n/a 0.2%
Carolina Farm Credit, ACA $3,250,000 $1,255,000 -61.4% 0.2%
MICHIGAN MUTUAL, INC. $370,000 $1,255,000 239.2% 0.2%
AmeriHome Mortgage Company, LLC $360,000 $1,220,000 238.9% 0.2%
TOWNE MORTGAGE COMPANY $925,000 $1,220,000 31.9% 0.2%
U.S. Bank $1,415,000 $1,135,000 -19.8% 0.2%
Nations Lending Corporation $655,000 $1,105,000 68.7% 0.2%
Mortgage Bank of California $1,095,000 n/a 0.2%
CHURCHILL MORTGAGE CORPORATION $300,000 $1,080,000 260.0% 0.2%
LATINO COMMUNITY CREDIT UNION $265,000 $1,070,000 303.8% 0.2%
InterContinental Capital Group, Inc $635,000 $1,065,000 67.7% 0.2%
AMERICAN FINANCIAL NETWORK, INC. $1,200,000 $1,060,000 -11.7% 0.2%
The Federal Savings Bank $1,065,000 $1,060,000 -0.5% 0.2%
HOMEOWNERS FINANCIAL GROUP USA, LLC $1,040,000 n/a 0.2%
LADERA LENDING, INC. $1,010,000 n/a 0.2%
CMG MORTGAGE, INC. $665,000 $1,005,000 51.1% 0.2%
Allen Tate Mortgage Partners, LLC $3,220,000 $965,000 -70.0% 0.2%
PNC Bank $1,060,000 $955,000 -9.9% 0.2%
Bank of England $515,000 $940,000 82.5% 0.2%
PROVIDENT FUNDING ASSOCIATES, L.P. $715,000 $910,000 27.3% 0.2%
HOMESIDE FINANCIAL, LLC $1,105,000 $895,000 -19.0% 0.2%
SUN WEST MORTGAGE COMPANY, INC. $625,000 $890,000 42.4% 0.2%
ROYAL UNITED MORTGAGE LLC $375,000 $855,000 128.0% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,730,000 $840,000 -51.4% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $795,000 n/a 0.1%
RAPID MORTGAGE COMPANY $595,000 $795,000 33.6% 0.1%
AMERIFIRST FINANCIAL CORPORATION $805,000 $755,000 -6.2% 0.1%
FOUNDERS FEDERAL CREDIT UNION $520,000 $745,000 43.3% 0.1%
Hometown Lenders, Inc. $800,000 $730,000 -8.8% 0.1%
Blue Ridge Bank $720,000 n/a 0.1%
SOVEREIGN LENDING GROUP INCORPORATED $165,000 $720,000 336.4% 0.1%
Shamrock Home Loans, Inc. $710,000 n/a 0.1%
Low VA Rates, LLC $315,000 $705,000 123.8% 0.1%
Colten Mortgage, LLC $510,000 $700,000 37.3% 0.1%
Cf Bank $305,000 $690,000 126.2% 0.1%
EVERETT FINANCIAL, INC. $845,000 $685,000 -18.9% 0.1%
The Fidelity Bank $320,000 $685,000 114.1% 0.1%
ABSOLUTE HOME MORTGAGE CORPORATION $195,000 $680,000 248.7% 0.1%
AMERICAN FINANCING CORPORATION $680,000 n/a 0.1%
CHARLOTTE METRO FEDERAL CREDIT UNION $360,000 $675,000 87.5% 0.1%
LIBERTY HOME MORTGAGE CORPORATION $270,000 $670,000 148.1% 0.1%
HOMESTAR FINANCIAL CORPORATION $105,000 $665,000 533.3% 0.1%
UNITED SECURITY FINANCIAL CORP $665,000 n/a 0.1%
AMERICAN INTERNET MORTGAGE, INC. $275,000 $660,000 140.0% 0.1%
RUOFF MORTGAGE COMPANY, INC. $650,000 n/a 0.1%
UNION HOME MORTGAGE CORP. $1,135,000 $650,000 -42.7% 0.1%
FRANKLIN MINT $625,000 n/a 0.1%
Renasant Bank $295,000 $625,000 111.9% 0.1%
RESOURCE FINANCIAL SERVICES, INC. $395,000 $625,000 58.2% 0.1%
HAMILTON HOME LOANS, INC. $370,000 $600,000 62.2% 0.1%
VILLAGE CAPITAL & INVESTMENT LLC $2,005,000 $600,000 -70.1% 0.1%
Barrington Bank & Trust Company, N.A. $830,000 $590,000 -28.9% 0.1%
Citizens Bank $2,445,000 $590,000 -75.9% 0.1%
STEARNS LENDING, LLC $590,000 n/a 0.1%
First Palmetto Bank $545,000 n/a 0.1%
Gateway First Bank $235,000 $545,000 131.9% 0.1%
EQUITY RESOURCES, INC. $435,000 $500,000 14.9% 0.1%
Magnolia Bank $450,000 $490,000 8.9% 0.1%
FINANCE OF AMERICA COMMERCIAL LLC $485,000 n/a 0.1%
GSF Mortgage Corporation $485,000 n/a 0.1%
TJC Mortgage, Inc. $510,000 $470,000 -7.8% 0.1%
PENTAGON FEDERAL CREDIT UNION $460,000 n/a 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $850,000 $440,000 -48.2% 0.1%
COASTAL Federal Credit Union $125,000 $435,000 248.0% 0.1%
CRESCENT MORTGAGE COMPANY $435,000 n/a 0.1%
PREMIER LENDING, INC. $430,000 n/a 0.1%
SOUTHPOINT FINANCIAL SERVICES, INC. $430,000 n/a 0.1%
T2 FINANCIAL LLC $410,000 n/a 0.1%
First Internet Bank of Indiana $175,000 $405,000 131.4% 0.1%
PANORAMA MORTGAGE GROUP, LLC $405,000 n/a 0.1%
Northpointe Bank $805,000 $400,000 -50.3% 0.1%
ZILLOW HOME LOANS, LLC $295,000 $400,000 35.6% 0.1%
CORNING $595,000 $380,000 -36.1% 0.1%
GENEVA FINANCIAL, LLC $165,000 $380,000 130.3% 0.1%
SUMMIT FUNDING, INC. $3,045,000 $375,000 -87.7% 0.1%
Austin Capital Bank SSB $365,000 n/a 0.1%
PLANET HOME LENDING, LLC $360,000 n/a 0.1%
CONTOUR MORTGAGE CORPORATION $390,000 $350,000 -10.3% 0.1%
POLARIS HOME FUNDING CORP. $265,000 $350,000 32.1% 0.1%
COMMUNITYAMERICA $345,000 n/a 0.1%
Strong Home Mortgage, LLC $345,000 n/a 0.1%
Mid-Continent Funding, Inc. $155,000 $335,000 116.1% 0.1%
SHELTER HOME MORTGAGE, LLC $225,000 $335,000 48.9% 0.1%
First Mortgage Solutions, LLC $325,000 n/a 0.1%
CLEARPATH LENDING $810,000 $320,000 -60.5% 0.1%
LENDINGHOME FUNDING CORPORATION $320,000 n/a 0.1%
PREMIA MORTGAGE, LLC $315,000 n/a 0.1%
RESIDENTIAL MORTGAGE SERVICES, INC. $715,000 $315,000 -55.9% 0.1%
THRIVE MORTGAGE, LLC $315,000 n/a 0.1%
Lend Smart Mortgage, LLC $310,000 n/a 0.1%
ANGEL OAK HOME LOANS LLC $380,000 $290,000 -23.7% 0.0%
JET HOMELOANS, LLC $285,000 n/a 0.0%
CIVIC FINANCIAL SERVICES, LLC $280,000 n/a 0.0%
North American Savings Bank, F.S.B. $590,000 $275,000 -53.4% 0.0%
CELEBRITY HOME LOANS, LLC $265,000 n/a 0.0%
GUILD MORTGAGE COMPANY $1,475,000 $260,000 -82.4% 0.0%
SIGNATURE MORTGAGE CORPORATION $400,000 $260,000 -35.0% 0.0%
Directions Credit Union, Inc. $255,000 n/a 0.0%
MID AMERICA MORTGAGE, INC. $255,000 n/a 0.0%
Stifel Bank and Trust $255,000 n/a 0.0%
BNC National Bank $495,000 $235,000 -52.5% 0.0%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $225,000 $235,000 4.4% 0.0%
United Community Bank $250,000 $235,000 -6.0% 0.0%
Third Federal Savings and Loan Association of Cleveland $230,000 n/a 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $225,000 n/a 0.0%
Capital Bank $215,000 n/a 0.0%
Merchants Bank of Indiana $215,000 n/a 0.0%
MORIA DEVELOPMENT, INC. $215,000 n/a 0.0%
PHH Mortgage Corporation $65,000 $215,000 230.8% 0.0%
Evolve Bank & Trust $210,000 n/a 0.0%
CAROLINAS TELCO FEDERAL CREDIT UNION $255,000 $200,000 -21.6% 0.0%
EMBRACE HOME LOANS, INC. $135,000 $195,000 44.4% 0.0%
Texana Bank $195,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $195,000 n/a 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $405,000 $190,000 -53.1% 0.0%
NP, Inc. $185,000 n/a 0.0%
ON Q FINANCIAL, INC. $980,000 $175,000 -82.1% 0.0%
SELF-HELP Credit Union $175,000 n/a 0.0%
S&T Bank $175,000 n/a 0.0%
The Central Trust Bank $175,000 n/a 0.0%
Wolfe Financial, Inc $750,000 $175,000 -76.7% 0.0%
COUNTRYPLACE MORTGAGE, LTD. $165,000 $165,000 0.0% 0.0%
FAMILY FIRST FUNDING LLC $155,000 $165,000 6.5% 0.0%
GMFS LLC $165,000 n/a 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $165,000 n/a 0.0%
LOANPAL, LLC $315,000 $165,000 -47.6% 0.0%
Paramount Residential Mortgage Group, Inc. $310,000 $165,000 -46.8% 0.0%
First Guaranty Mortgage Corporation $295,000 $160,000 -45.8% 0.0%
ALLIED MORTGAGE GROUP, INC. $155,000 n/a 0.0%
Associated Credit Union $155,000 n/a 0.0%
FBC MORTGAGE, LLC $155,000 n/a 0.0%
GUARANTY HOME MORTGAGE CORPORATION $155,000 n/a 0.0%
Manufacturers and Traders Trust Company $600,000 $155,000 -74.2% 0.0%
C & F Mortgage Corporation $115,000 $145,000 26.1% 0.0%
Figure Lending LLC $145,000 n/a 0.0%
Assurance Financial Group, L.L.C. $175,000 $135,000 -22.9% 0.0%
Hometown Equity Mortgage, LLC $135,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $125,000 n/a 0.0%
THRIVENT Federal Credit Union $115,000 $125,000 8.7% 0.0%
ALLEGACY FEDERAL CREDIT UNION $1,780,000 $120,000 -93.3% 0.0%
Ally Bank $195,000 $115,000 -41.0% 0.0%
Corporate Investors Mortgage Group, Inc. $115,000 n/a 0.0%
ROUNDPOINT MORTGAGE SERVICING CORPORATION $170,000 $115,000 -32.4% 0.0%
Southern Bank and Trust Company $225,000 $115,000 -48.9% 0.0%
Citibank $85,000 n/a 0.0%
Liberty Savings Bank, F.S.B. $85,000 n/a 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $85,000 n/a 0.0%
NBKC BANK $600,000 $85,000 -85.8% 0.0%
REVERSE MORTGAGE FUNDING LLC $85,000 n/a 0.0%
United Bank $85,000 n/a 0.0%
21ST MORTGAGE CORPORATION $395,000 $75,000 -81.0% 0.0%
Discover Bank $180,000 $70,000 -61.1% 0.0%
SPRING EQ, LLC $60,000 $35,000 -41.7% 0.0%
The Park National Bank $35,000 n/a 0.0%

Albemarle's top lender by overall market share is STATE EMPLOYEES', with 18.2% market share. In second place, with 10.3%, is Uwharrie Bank, having originated $60,320,000 in loans. In third place, with 7.7%, is QUICKEN LOANS, LLC, having originated $45,120,000 in loans. In third place, with 5.7%, is MOVEMENT MORTGAGE, LLC, having originated $33,545,000 in loans. In third place, with 3.6%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $21,155,000 in loans.


Albemarle, NC Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,258 $279,560,000 $222,226
Refi 1,096 $199,720,000 $182,226
Cash Out Refi 440 $83,280,000 $189,273
Other 149 $11,145,000 $74,799
Home Improvement 89 $13,445,000 $151,067

Albemarle's most frequently cited loan purpose was Home Purchase, with 1,258 originations. The 2nd most popular reason was Refi, with 1,096 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 1,324 $271,200,000 $204,834
2.5-3% 1,176 $219,950,000 $187,032
<2.5% 324 $66,240,000 $204,444
4-5% 125 $22,345,000 $178,760
Over 8% 29 $2,725,000 $93,966
5-6% 22 $3,690,000 $167,727
6-7% 5 $265,000 $53,000
7-8% 2 $110,000 $55,000

During 2021, Albemarle's most frequently originated rate bucket was 3-4%, with 1,324 originations.

Loan Sizing (Albemarle, NC MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 1,312 $198,120,000 $151,006
$200k-400k 1,066 $281,520,000 $264,090
$100,000 or less 526 $32,930,000 $62,605
$400k-600k 102 $46,450,000 $455,392
$600k-1000k 19 $13,955,000 $734,474
$Over $1MM 7 $14,175,000 $2,025,000

Albemarle's loan sizing saw the bucket of loans from $100k-200k with 1,312 originations, totaling $198,120,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,197 $269,485,000 $225,134
60-80% 895 $196,205,000 $219,223
40-60% 446 $68,500,000 $153,587
20-40% 206 $19,880,000 $96,505
Under 20% 147 $5,105,000 $34,728
Over 100% 53 $12,245,000 $231,038

Albemarle's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,197 originations, totaling $269,485,000 in origination value.


Market Conditions (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 $274,900 (4.0%) $336,232 (-15.6%) 0.00 254
2018-02-01 $278,450 (1.3%) $346,166 (-19.1%) 0.00 242
2018-03-01 $277,900 (1.1%) $358,482 (-16.2%) 0.00 254
2018-04-01 $289,400 (-1.9%) $378,094 (-13.0%) 0.00 272
2018-05-01 $305,000 (-2.2%) $394,993 (-6.6%) 0.00 288
2018-06-01 $298,900 (-1.3%) $395,807 (6.3%) 0.00 300
2018-07-01 $302,250 (2.8%) $414,571 (12.0%) 0.00 308
2018-08-01 $304,450 (1.8%) $415,073 (10.3%) 0.00 312
2018-09-01 $290,000 (-2.3%) $400,569 (6.4%) 0.00 335
2018-10-01 $296,750 (1.6%) $406,357 (8.9%) 0.00 315
2018-11-01 $279,000 (-3.8%) $397,283 (8.9%) 0.00 295
2018-12-01 $275,000 (-1.4%) $408,017 (17.8%) 0.00 272
2019-01-01 $282,250 (2.7%) $410,969 (22.2%) 0.00 254
2019-02-01 $285,000 (2.4%) $407,849 (17.8%) 0.00 251
2019-03-01 $291,571 (4.9%) $417,061 (16.3%) 0.00 263
2019-04-01 $297,250 (2.7%) $418,610 (10.7%) 0.00 294
2019-05-01 $277,450 (-9.0%) $396,218 (0.3%) 0.00 331
2019-06-01 $269,500 (-9.8%) $388,435 (-1.9%) 0.00 324
2019-07-01 $258,600 (-14.4%) $378,398 (-8.7%) 0.00 310
2019-08-01 $254,514 (-16.4%) $367,842 (-11.4%) 0.00 317
2019-09-01 $253,014 (-12.8%) $360,574 (-10.0%) 0.00 339
2019-10-01 $254,700 (-14.2%) $361,330 (-11.1%) 0.00 323
2019-11-01 $269,000 (-3.6%) $358,314 (-9.8%) 0.00 303
2019-12-01 $276,193 (0.4%) $375,153 (-8.1%) 0.00 269
2020-01-01 $279,950 (-0.8%) $376,576 (-8.4%) 0.00 228
2020-02-01 $269,000 (-5.6%) $370,832 (-9.1%) 0.00 228
2020-03-01 $287,400 (-1.4%) $390,028 (-6.5%) 0.00 245
2020-04-01 $279,450 (-6.0%) $384,643 (-8.1%) 0.00 244
2020-05-01 $285,000 (2.7%) $407,700 (2.9%) 0.00 220
2020-06-01 $294,500 (9.3%) $404,624 (4.2%) 0.00 192
2020-07-01 $288,700 (11.6%) $403,702 (6.7%) 0.00 178
2020-08-01 $280,000 (10.0%) $412,113 (12.0%) 0.00 160
2020-09-01 $254,500 (0.6%) $382,787 (6.2%) 0.00 156
2020-10-01 $280,000 (9.9%) $388,321 (7.5%) 0.00 150
2020-11-01 $279,950 (4.1%) $390,567 (9.0%) 0.00 143
2020-12-01 $255,900 (-7.4%) $388,548 (3.6%) 0.00 134
2021-01-01 $267,000 (-4.6%) $379,805 (0.9%) 0.00 120
2021-02-01 $270,000 (0.4%) $394,858 (6.5%) 0.00 103
2021-03-01 $294,000 (2.3%) $389,088 (-0.2%) 0.00 89
2021-04-01 $274,450 (-1.8%) $430,008 (11.8%) 0.00 94
2021-05-01 $279,900 (-1.8%) $420,862 (3.2%) 0.00 112
2021-06-01 $299,900 (1.8%) $425,557 (5.2%) 0.00 127
2021-07-01 $305,450 (5.8%) $439,147 (8.8%) 0.00 117
2021-08-01 $269,950 (-3.6%) $387,290 (-6.0%) 0.00 137
2021-09-01 $269,450 (5.9%) $374,267 (-2.2%) 0.00 131
2021-10-01 $259,900 (-7.2%) $339,295 (-12.6%) 0.00 121
2021-11-01 $257,500 (-8.0%) $355,045 (-9.1%) 0.00 101
2021-12-01 $249,900 (-2.3%) $325,423 (-16.3%) 0.00 109
2022-01-01 $348,090 (30.4%) $382,463 (0.7%) 0.00 84
2022-02-01 $332,500 (23.2%) $422,680 (7.1%) 0.00 65
2022-03-01 $292,400 (-0.5%) $396,785 (2.0%) 0.00 65
2022-04-01 $300,000 (9.3%) $392,725 (-8.7%) 0.00 72
2022-05-01 $353,000 (26.1%) $454,997 (8.1%) 0.00 90
Albemarle's median listing price for 2022-05-01 was $353,000, a difference of $73,100 (26.1%) versus the prior year and $53,000 versus the prior month.

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

Albemarle's average listing price for 2022-05-01 was $454,997, a difference of $34,135 (8.1%) versus the prior year and $62,272 versus the prior month.

For the 2022-05-01 period, Albemarle had 90 MLS listings, a difference of 18 listings (25%) versus the prior month and -22 listings (-20%) 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 2,020 sqft
2018-02-01 0 days 2,123 sqft
2018-03-01 0 days 2,050 sqft
2018-04-01 0 days 2,097 sqft
2018-05-01 0 days 2,071 sqft
2018-06-01 0 days 2,033 sqft
2018-07-01 0 days 2,045 sqft
2018-08-01 0 days 2,019 sqft
2018-09-01 0 days 1,912 sqft
2018-10-01 0 days 1,886 sqft
2018-11-01 0 days 1,874 sqft
2018-12-01 0 days 1,960 sqft
2019-01-01 0 days 1,829 sqft
2019-02-01 0 days 1,820 sqft
2019-03-01 0 days 1,902 sqft
2019-04-01 0 days 1,992 sqft
2019-05-01 0 days 1,983 sqft
2019-06-01 0 days 2,009 sqft
2019-07-01 0 days 2,009 sqft
2019-08-01 0 days 1,995 sqft
2019-09-01 0 days 2,012 sqft
2019-10-01 0 days 2,012 sqft
2019-11-01 0 days 2,001 sqft
2019-12-01 0 days 2,039 sqft
2020-01-01 0 days 2,020 sqft
2020-02-01 0 days 2,000 sqft
2020-03-01 0 days 1,981 sqft
2020-04-01 0 days 1,905 sqft
2020-05-01 0 days 1,975 sqft
2020-06-01 0 days 1,957 sqft
2020-07-01 0 days 1,989 sqft
2020-08-01 0 days 1,959 sqft
2020-09-01 0 days 1,840 sqft
2020-10-01 0 days 2,030 sqft
2020-11-01 0 days 1,904 sqft
2020-12-01 0 days 1,830 sqft
2021-01-01 0 days 1,836 sqft
2021-02-01 0 days 1,829 sqft
2021-03-01 0 days 1,737 sqft
2021-04-01 0 days 1,776 sqft
2021-05-01 0 days 1,824 sqft
2021-06-01 0 days 1,899 sqft
2021-07-01 0 days 1,867 sqft
2021-08-01 0 days 1,699 sqft
2021-09-01 0 days 1,712 sqft
2021-10-01 0 days 1,634 sqft
2021-11-01 0 days 1,719 sqft
2021-12-01 0 days 1,641 sqft
2022-01-01 0 days 1,776 sqft
2022-02-01 0 days 1,767 sqft
2022-03-01 0 days 1,774 sqft
2022-04-01 0 days 1,720 sqft
2022-05-01 0 days 1,790 sqft
Albemarle's median listing age (time on market) for 2022-05-01 was 0 days.

Albemarle's median square footage for active listings during the 2022-05-01 period was 1,790 sqft. One year prior, the average listing was 1,824 sqft.