Albemarle Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Albemarle averaged 6.3% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

The average rate for the prior week (2023-09-07) was 6.44% and one month ago for the week of 2023-08-10, the average rate was 6.08%.

Albemarle's average rate one year ago was 5.01%.

For refis of the same type during the week of 2023-09-14, the average rate was 6.48%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-14 7.18%
Albemarle 30 Year Fixed Rate 2023-09-14 6.3%
Albemarle 30 Year Fixed Rate Refi 2023-09-14 6.48%
Albemarle 15 Year Fixed Rate 2023-09-14 6.41%
Albemarle 15 Year Fixed Rate Refi 2023-09-14 6.39%
Albemarle 30 Year FHA 2023-09-14 6.46%
Albemarle 30 Year FHA Refi 2023-09-14 7.19%
Albemarle 30 Year USDA 2023-09-14 6.78%
Albemarle 30 Year USDA Refi 2023-09-14 7.08%
Albemarle 30 Year VA 2023-09-14 6.49%
Albemarle 30 Year VA Refi 2023-09-14 6.91%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
STATE EMPLOYEES' 358 4.00% $3,961
Uwharrie Bank 76 5.19% $3,098
LOCAL GOVERNMENT FEDERAL CREDIT UNION 69 3.81% $3,807
MOVEMENT MORTGAGE, LLC 60 5.10% $4,776
QUICKEN LOANS, LLC 52 4.87% $6,828
DHI MORTGAGE COMPANY, LTD. 32 4.27% $1,163
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 24 5.50% $7,095
Wells Fargo Bank 18 5.48% $4,109
Truist 17 4.60% $5,182
UNITED WHOLESALE MORTGAGE, LLC 16 5.29% $5,852
LOANDEPOT.COM, LLC 15 5.09% $5,984
Pinnacle Bank 15 4.71% $3,896
American Security Mortgage Corp. 14 5.06% $4,058
Alcova Mortgage LLC 13 4.79% $4,283
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 10 4.24% $5,447
CORNERSTONE HOME LENDING, INC. 10 5.26% $6,039
FOUNDERS FEDERAL CREDIT UNION 9 3.76% $4,384
Ameris Bank 8 5.19% $5,325
First-Citizens Bank & Trust Company 7 4.19% $4,949
VANDERBILT MORTGAGE AND FINANCE, INC. 7 6.57% $7,753
Wyndham Capital Mortgage, Inc. 6 4.25% $2,137
AMERISAVE MORTGAGE CORPORATION 6 3.58% $7,145
CROSSCOUNTRY MORTGAGE, LLC 6 5.49% $5,199
SeaTrust Mortgage Company 5 5.05% $5,240
GUARANTEED RATE, INC. 5 5.13% $7,177
Flagstar Bank, FSB 4 4.79% $6,469
COASTAL Federal Credit Union 4 4.22% $3,782
Fifth Third Bank 4 5.92% $4,172
BETTER MORTGAGE CORPORATION 4 3.97% $5,074
Northpointe Bank 4 4.59% $4,518
INTERCOASTAL MORTGAGE COMPANY 4 4.77% $6,336
NAVY FEDERAL CREDIT UNION 4 4.66% $3,328
RAPID MORTGAGE COMPANY 3 6.17% $4,614
BROKER SOLUTIONS, INC. 3 4.17% $5,198
SHARONVIEW FEDERAL CREDIT UNION 3 5.13% $3,987
AgFirst Farm Credit Bank 3 5.25% $5,680
FREEDOM MORTGAGE CORPORATION 3 4.88% $5,258
First National Bank of Pennsylvania 3 4.46% $4,784
First Bank 3 5.17% $7,173
CARDINAL FINANCIAL 3 4.88% $4,382
RELIANCE FIRST CAPITAL, LLC 2 5.18% $6,617
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 4.44% $4,925
Bank of America 2 5.13% $2,567
CAPITAL CENTER, L.L.C. 2 4.06% $1,725
CASTLE & COOKE MORTGAGE, LLC 2 4.44% $3,909
Citizens Bank 2 3.44% $5,077
FBC MORTGAGE, LLC 2 6.25% $3,028
FIRST BANCORP 2 6.56% $4,110
First Federal Bank 2 4.50% $3,730
Gateway First Bank 2 4.75% $3,631
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.06% $9,036
LAKEVIEW LOAN SERVICING, LLC 2 4.00% $2,418
MCLEAN MORTGAGE CORPORATION 2 5.50% $4,929
MICHIGAN MUTUAL, INC. 2 3.44% $2,825
Mr. Cooper ( Nationstar Mortgage ) 2 5.24% $6,383
NEXERA HOLDING LLC 2 8.00% $16,008
NFM, INC. 2 5.19% $7,367
NORTHERN MORTGAGE SERVICES, LLC 2 4.62% $3,535
PENTAGON FEDERAL CREDIT UNION 2 3.25% $3,926
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.44% $3,908
Renasant Bank 2 4.75% $6,032
SHELTER HOME MORTGAGE, LLC 2 3.81% $6,006
Towne Bank 2 5.25% $11,137
Truliant Federal Credit Union 2 4.81% $3,063
UNION HOME MORTGAGE CORP. 2 4.00% $4,315
U.S. Bank 2 5.88% $5,245
ANGEL OAK HOME LOANS LLC 1 6.00% $14,872
Wolfe Financial, Inc 1 5.50% $3,512
MORTGAGE EQUITY PARTNERS LLC 1 5.75% $8,428
Mortgage Network, Inc. 1 5.25% $4,067
DIGITAL Federal Credit Union 1 3.63% $2,815
ACOPIA, LLC 1 3.75% $4,148
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $5,502
Nations Lending Corporation 1 3.88% $5,545
CHURCHILL MORTGAGE CORPORATION 1 4.88% $3,526
NBKC BANK 1 3.25% $2,613
United Community Bank 1 5.00% $4,087
UNITED MORTGAGE CORP 1 3.88% $7,543
AMERIFIRST FINANCIAL CORPORATION 1 3.75% $3,720
CHARLOTTE METRO FEDERAL CREDIT UNION 1 2.38% $6,093
PENNYMAC LOAN SERVICES, LLC 1 5.50% $2,074
ZILLOW HOME LOANS, LLC 1 6.50% $6,427
Peoples Bank 1 4.95% $3,186
PHH Mortgage Corporation 1 5.50% $8,557
C & F Mortgage Corporation 1 5.50% $3,383
AMERICAN INTERNET MORTGAGE, INC. 1 3.88% $2,705
PROVIDENT FUNDING ASSOCIATES, L.P. 1 4.75% $6,972
Carrington Mortgage Services, LLC 1 3.63% $4,786
Quontic Bank 1 6.38% $5,551
CAROLINAS TELCO FEDERAL CREDIT UNION 1 3.88% $4,867
Regions Bank 1 3.63% $6,447
ABSOLUTE HOME MORTGAGE CORPORATION 1 5.50% $5,377
Ally Bank 1 2.88% $2,700
CALIBER HOME LOANS, INC. 1 5.63% $7,314
Blue Ridge Bank 1 5.50% $5,110
Allen Tate Mortgage Partners, LLC 1 5.38% $4,645
Sierra Pacific Mortgage Company, Inc. 1 7.13% $4,081
South State Bank 1 4.75% $4,412
Beeline Loans, Inc. 1 6.63% $5,380
Sunflower Bank 1 5.88% $3,984
SUN WEST MORTGAGE COMPANY, INC. 1 3.25% $3,459
TD Bank 1 3.13% $2,880
The Park National Bank 1 7.00% $5,562
THRIVE MORTGAGE, LLC 1 6.25% $4,984
TJC Mortgage, Inc. 1 3.63% $6,958
FORT FINANCIAL Federal Credit Union 1 5.25% $4,034
TOP FLITE FINANCIAL, INC. 1 5.63% $12,017
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.13% $1,463
First Horizon Bank 1 4.63% $3,324
GUILD MORTGAGE COMPANY 1 5.50% $3,660
WINGS FINANCIAL 1 5.00% $3,226
HOMEXPRESS MORTGAGE CORP. 1 7.13% $8,911
INTERCAP LENDING INC. 1 5.13% $6,708
FINANCE OF AMERICA MORTGAGE LLC 1 3.50% $3,682
Ixonia Bank 1 5.99% $4,232
JPMorgan Chase Bank 1 5.88% $1,655
TOWNE MORTGAGE COMPANY 1 3.38% $3,622
LENDSURE MORTGAGE CORP. 1 7.63% $12,376
EMBRACE HOME LOANS, INC. 1 5.88% $5,780
LOANPAL, LLC 1 4.50% $8,537
Discover Bank 1 6.99% $0
Magnolia Bank 1 5.00% $6,754

Albemarle Average Closing Costs & Other Stats

Albemarle, NC's 122 lenders originated 2,466 loans during 2022. The total origination value was $507,400,000, with an average loan value of $205,758.

Albemarle's average closing costs are $4,543.

The top Albemarle lender as defined by loan originations is STATE EMPLOYEES', with 358 loans originated. Their average total fees are $3,961, which is $863 higher than the next largest lender, Uwharrie Bank.

The lowest fee Albemarle lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($1,163), Uwharrie Bank ($3,098), LOCAL GOVERNMENT FEDERAL CREDIT UNION ($3,807), Pinnacle Bank ($3,896) and STATE EMPLOYEES' ($3,961).

The lowest rate Albemarle lenders (with over 10 loans originated) are LOCAL GOVERNMENT FEDERAL CREDIT UNION (3.81%), STATE EMPLOYEES' (4.00%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (4.24%), DHI MORTGAGE COMPANY, LTD. (4.27%) and Truist (4.60%).

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
STATE EMPLOYEES' $106,595,000 $101,710,000 -4.6% 20.0%
Uwharrie Bank $60,320,000 $44,555,000 -26.1% 8.8%
MOVEMENT MORTGAGE, LLC $33,545,000 $32,590,000 -2.8% 6.4%
DHI MORTGAGE COMPANY, LTD. $27,080,000 n/a 5.3%
QUICKEN LOANS, LLC $45,120,000 $23,100,000 -48.8% 4.6%
LOCAL GOVERNMENT FEDERAL CREDIT UNION $18,775,000 $18,925,000 0.8% 3.7%
First Bank $13,935,000 $17,770,000 27.5% 3.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $21,155,000 $14,430,000 -31.8% 2.8%
LOANDEPOT.COM, LLC $9,240,000 $12,330,000 33.4% 2.4%
UNITED WHOLESALE MORTGAGE, LLC $9,080,000 $10,440,000 15.0% 2.1%
Pinnacle Bank $11,805,000 $9,925,000 -15.9% 2.0%
American Security Mortgage Corp. $10,105,000 $7,100,000 -29.7% 1.4%
First-Citizens Bank & Trust Company $5,300,000 $7,075,000 33.5% 1.4%
CORNERSTONE HOME LENDING, INC. $3,930,000 $7,030,000 78.9% 1.4%
Truist $9,295,000 $6,470,000 -30.4% 1.3%
Ameris Bank $5,155,000 $6,140,000 19.1% 1.2%
Wells Fargo Bank $14,080,000 $6,135,000 -56.4% 1.2%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $5,170,000 $6,110,000 18.2% 1.2%
CROSSCOUNTRY MORTGAGE, LLC $4,925,000 $5,570,000 13.1% 1.1%
Mortgage Research Center, LLC $5,585,000 $5,440,000 -2.6% 1.1%
Alcova Mortgage LLC $4,255,000 $4,260,000 0.1% 0.8%
PENNYMAC LOAN SERVICES, LLC $4,480,000 $4,050,000 -9.6% 0.8%
FREEDOM MORTGAGE CORPORATION $11,255,000 $3,295,000 -70.7% 0.6%
Wyndham Capital Mortgage, Inc. $2,615,000 $3,220,000 23.1% 0.6%
VANDERBILT MORTGAGE AND FINANCE, INC. $3,535,000 $3,055,000 -13.6% 0.6%
AMERISAVE MORTGAGE CORPORATION $5,045,000 $2,915,000 -42.2% 0.6%
United Bank $85,000 $2,805,000 3,200.0% 0.6%
Fifth Third Bank $3,400,000 $2,790,000 -17.9% 0.5%
Towne Bank $3,945,000 $2,725,000 -30.9% 0.5%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $3,590,000 $2,685,000 -25.2% 0.5%
Flagstar Bank, FSB $1,815,000 $2,685,000 47.9% 0.5%
FOUNDERS FEDERAL CREDIT UNION $745,000 $2,605,000 249.7% 0.5%
First National Bank of Pennsylvania $3,305,000 $2,570,000 -22.2% 0.5%
NAVY FEDERAL CREDIT UNION $2,645,000 $2,520,000 -4.7% 0.5%
AgFirst Farm Credit Bank $2,420,000 $2,225,000 -8.1% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $3,820,000 $2,115,000 -44.6% 0.4%
BROKER SOLUTIONS, INC. $2,680,000 $2,110,000 -21.3% 0.4%
GUARANTEED RATE, INC. $2,010,000 $2,095,000 4.2% 0.4%
SeaTrust Mortgage Company $2,605,000 $2,085,000 -20.0% 0.4%
Northpointe Bank $400,000 $1,935,000 383.8% 0.4%
Truliant Federal Credit Union $1,380,000 $1,905,000 38.0% 0.4%
INTERCOASTAL MORTGAGE COMPANY $1,640,000 $1,740,000 6.1% 0.3%
Bank of America $2,900,000 $1,650,000 -43.1% 0.3%
CALIBER HOME LOANS, INC. $1,675,000 $1,510,000 -9.9% 0.3%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $440,000 $1,495,000 239.8% 0.3%
LAKEVIEW LOAN SERVICING, LLC $3,680,000 $1,485,000 -59.6% 0.3%
South State Bank $1,860,000 $1,410,000 -24.2% 0.3%
LENDINGONE, LLC $1,380,000 n/a 0.3%
HOMEBRIDGE FINANCIAL SERVICES, INC. $795,000 $1,355,000 70.4% 0.3%
COASTAL Federal Credit Union $435,000 $1,325,000 204.6% 0.3%
SHARONVIEW FEDERAL CREDIT UNION $2,735,000 $1,315,000 -51.9% 0.3%
RAPID MORTGAGE COMPANY $795,000 $1,310,000 64.8% 0.3%
Carrington Mortgage Services, LLC $1,300,000 $1,245,000 -4.2% 0.2%
Gateway First Bank $545,000 $1,245,000 128.4% 0.2%
AMERIFIRST FINANCIAL CORPORATION $755,000 $1,195,000 58.3% 0.2%
RELIANCE FIRST CAPITAL, LLC $1,325,000 $1,185,000 -10.6% 0.2%
Paragon Bank $1,175,000 n/a 0.2%
TJC Mortgage, Inc. $470,000 $1,065,000 126.6% 0.2%
GUILD MORTGAGE COMPANY $260,000 $1,035,000 298.1% 0.2%
Carolina Farm Credit, ACA $1,255,000 $1,015,000 -19.1% 0.2%
Regions Bank $1,280,000 $1,010,000 -21.1% 0.2%
TOWNE MORTGAGE COMPANY $1,220,000 $995,000 -18.4% 0.2%
BETTER MORTGAGE CORPORATION $1,710,000 $980,000 -42.7% 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $840,000 $945,000 12.5% 0.2%
ANGEL OAK HOME LOANS LLC $290,000 $895,000 208.6% 0.2%
Nations Lending Corporation $1,105,000 $880,000 -20.4% 0.2%
CHARLOTTE METRO FEDERAL CREDIT UNION $675,000 $860,000 27.4% 0.2%
CAPITAL CENTER, L.L.C. $2,220,000 $815,000 -63.3% 0.2%
NEW DAY FINANCIAL, LLC $2,205,000 $810,000 -63.3% 0.2%
U.S. Bank $1,135,000 $805,000 -29.1% 0.2%
Citizens Bank $590,000 $800,000 35.6% 0.2%
JPMorgan Chase Bank $2,975,000 $800,000 -73.1% 0.2%
USAA Federal Savings Bank $1,395,000 $795,000 -43.0% 0.2%
HOMEOWNERS FINANCIAL GROUP USA, LLC $1,040,000 $695,000 -33.2% 0.1%
Renasant Bank $625,000 $670,000 7.2% 0.1%
First Horizon Bank $640,000 n/a 0.1%
Allen Tate Mortgage Partners, LLC $965,000 $635,000 -34.2% 0.1%
FINANCE OF AMERICA MORTGAGE LLC $1,345,000 $620,000 -53.9% 0.1%
NEWREZ LLC $3,400,000 $620,000 -81.8% 0.1%
LENDINGHOME FUNDING CORPORATION $320,000 $595,000 85.9% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $590,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $590,000 $590,000 0.0% 0.1%
FIRST BANCORP, INC. $590,000 n/a 0.1%
MCLEAN MORTGAGE CORPORATION $2,425,000 $590,000 -75.7% 0.1%
FBC MORTGAGE, LLC $155,000 $570,000 267.7% 0.1%
PENTAGON FEDERAL CREDIT UNION $460,000 $570,000 23.9% 0.1%
Discover Bank $70,000 $565,000 707.1% 0.1%
MICHIGAN MUTUAL, INC. $1,255,000 $565,000 -55.0% 0.1%
CASTLE & COOKE MORTGAGE, LLC $560,000 n/a 0.1%
First Reliance Bank $560,000 n/a 0.1%
NFM, INC. $2,905,000 $560,000 -80.7% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $530,000 n/a 0.1%
CIVIC FINANCIAL SERVICES, LLC $280,000 $515,000 83.9% 0.1%
SHELTER HOME MORTGAGE, LLC $335,000 $510,000 52.2% 0.1%
United Community Bank $235,000 $510,000 117.0% 0.1%
PHH Mortgage Corporation $215,000 $505,000 134.9% 0.1%
UNION HOME MORTGAGE CORP. $650,000 $505,000 -22.3% 0.1%
First Federal Bank $1,495,000 $500,000 -66.6% 0.1%
UNITED MORTGAGE CORP. $500,000 n/a 0.1%
FORT FINANCIAL Federal Credit Union $1,910,000 $485,000 -74.6% 0.1%
GENEVA FINANCIAL, LLC $380,000 $475,000 25.0% 0.1%
Bank OZK $470,000 n/a 0.1%
NORTHERN MORTGAGE SERVICES, LLC $470,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $125,000 $460,000 268.0% 0.1%
Beeline Loans, Inc. $455,000 n/a 0.1%
NEXERA HOLDING LLC $450,000 n/a 0.1%
SOUTHERN TRUST MORTGAGE, LLC $7,175,000 $450,000 -93.7% 0.1%
EMBRACE HOME LOANS, INC. $195,000 $440,000 125.6% 0.1%
LATINO COMMUNITY CREDIT UNION $1,070,000 $435,000 -59.3% 0.1%
EVERETT FINANCIAL, INC. $685,000 $430,000 -37.2% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $85,000 $415,000 388.2% 0.1%
Sunflower Bank $415,000 n/a 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $190,000 $400,000 110.5% 0.1%
GoPrime Mortgage, Inc. $395,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $390,000 n/a 0.1%
Ally Bank $115,000 $385,000 234.8% 0.1%
Peoples Bank $385,000 n/a 0.1%
CAROLINAS TELCO FEDERAL CREDIT UNION $200,000 $380,000 90.0% 0.1%
AMERICAN FINANCING CORPORATION $680,000 $375,000 -44.9% 0.1%
Colten Mortgage, LLC $700,000 $365,000 -47.9% 0.1%
DIGITAL Federal Credit Union $365,000 n/a 0.1%
PNC Bank $955,000 $365,000 -61.8% 0.1%
PREMIER LENDING, INC. $430,000 $365,000 -15.1% 0.1%
AMERICAN INTERNET MORTGAGE, INC. $660,000 $355,000 -46.2% 0.1%
ZILLOW HOME LOANS, LLC $400,000 $355,000 -11.3% 0.1%
NBKC BANK $85,000 $345,000 305.9% 0.1%
MORTGAGE EQUITY PARTNERS LLC $335,000 n/a 0.1%
TRIAD FINANCIAL SERVICES, INC. $195,000 $330,000 69.2% 0.1%
Alpha Mortgage Corporation $325,000 n/a 0.1%
PLAZA HOME MORTGAGE, INC. $325,000 n/a 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $910,000 $325,000 -64.3% 0.1%
LENDSURE MORTGAGE CORP. $305,000 n/a 0.1%
INTERCAP LENDING INC. $285,000 n/a 0.1%
LONGBRIDGE FINANCIAL, LLC $285,000 n/a 0.1%
The Federal Savings Bank $1,060,000 $285,000 -73.1% 0.1%
ALLEGACY FEDERAL CREDIT UNION $120,000 $275,000 129.2% 0.1%
T2 FINANCIAL LLC $410,000 $275,000 -32.9% 0.1%
TD Bank $3,955,000 $270,000 -93.2% 0.1%
AMERICAN ADVISORS GROUP $265,000 n/a 0.1%
AMWEST FUNDING CORP. $265,000 n/a 0.1%
Figure Lending LLC $145,000 $265,000 82.8% 0.1%
HOMEXPRESS MORTGAGE CORP. $265,000 n/a 0.1%
LEGEND LENDING CORPORATION $265,000 n/a 0.1%
MID AMERICA MORTGAGE, INC. $255,000 $265,000 3.9% 0.1%
Equity Prime Mortgage LLC $260,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,520,000 $260,000 -82.9% 0.1%
Third Federal Savings and Loan Association of Cleveland $230,000 $260,000 13.0% 0.1%
MILEND, INC. $255,000 n/a 0.1%
The Park National Bank $35,000 $255,000 628.6% 0.1%
PLANET HOME LENDING, LLC $360,000 $245,000 -31.9% 0.0%
BM Real Estate Services, Inc. $235,000 n/a 0.0%
Mortgage Network, Inc. $235,000 n/a 0.0%
Platinum Home Mortgage Corporation $235,000 n/a 0.0%
C & F Mortgage Corporation $145,000 $225,000 55.2% 0.0%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $235,000 $225,000 -4.3% 0.0%
Plains Commerce Bank $225,000 n/a 0.0%
Wolfe Financial, Inc $175,000 $225,000 28.6% 0.0%
CMG MORTGAGE, INC. $1,005,000 $215,000 -78.6% 0.0%
PANORAMA MORTGAGE GROUP, LLC $405,000 $215,000 -46.9% 0.0%
SILVER HILL FUNDING, LLC $215,000 n/a 0.0%
ACADEMY MORTGAGE CORPORATION $205,000 n/a 0.0%
CLEARPATH LENDING $320,000 $205,000 -35.9% 0.0%
First Palmetto Bank $545,000 $205,000 -62.4% 0.0%
First Savings Bank $205,000 n/a 0.0%
First Home Bank $195,000 n/a 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $165,000 $195,000 18.2% 0.0%
LOANPAL, LLC $165,000 $195,000 18.2% 0.0%
RESIDENTIAL BANCORP. $195,000 n/a 0.0%
ALLIED MORTGAGE GROUP, INC. $155,000 $185,000 19.4% 0.0%
Magnolia Bank $490,000 $185,000 -62.2% 0.0%
MIDLAND MORTGAGE CORPORATION $175,000 n/a 0.0%
Univest Bank and Trust Co. $175,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $1,080,000 $165,000 -84.7% 0.0%
EMM LOANS LLC $165,000 n/a 0.0%
VILLAGE CAPITAL MORTGAGE $600,000 $165,000 -72.5% 0.0%
SPRING EQ, LLC $35,000 $160,000 357.1% 0.0%
Ixonia Bank $155,000 n/a 0.0%
M&T Bank $155,000 $155,000 0.0% 0.0%
POLARIS HOME FUNDING CORP. $350,000 $145,000 -58.6% 0.0%
THRIVE MORTGAGE, LLC $315,000 $145,000 -54.0% 0.0%
Blue Ridge Bank $720,000 $135,000 -81.3% 0.0%
Citadel Servicing Corporation $135,000 n/a 0.0%
US MORTGAGE CORPORATION $135,000 n/a 0.0%
CERTAINTY HOME LOANS, LLC $1,670,000 $130,000 -92.2% 0.0%
DEEPHAVEN MORTGAGE LLC $115,000 n/a 0.0%
Quontic Bank $115,000 n/a 0.0%
RUOFF MORTGAGE COMPANY, INC. $650,000 $115,000 -82.3% 0.0%
First National Bank of America $105,000 n/a 0.0%
HOME POINT FINANCIAL CORPORATION $1,785,000 $105,000 -94.1% 0.0%
ROYAL UNITED MORTGAGE LLC $855,000 $105,000 -87.7% 0.0%
ABSOLUTE HOME MORTGAGE CORPORATION $680,000 $95,000 -86.0% 0.0%
SUN WEST MORTGAGE COMPANY, INC. $890,000 $95,000 -89.3% 0.0%
The Fidelity Bank $685,000 $95,000 -86.1% 0.0%
ACOPIA, LLC $85,000 n/a 0.0%
Deere Employees Credit Union $85,000 n/a 0.0%
MEMBER ADVANTAGE MORTGAGE, LLC $85,000 n/a 0.0%
WINGS FINANCIAL $85,000 n/a 0.0%
Sierra Pacific Mortgage Company, Inc. $65,000 n/a 0.0%
Ukrainian Federal Credit Union $55,000 n/a 0.0%
THRIVENT Federal Credit Union $125,000 $35,000 -72.0% 0.0%
CORNING $380,000 $15,000 -96.1% 0.0%
Home Loan Investment Bank, F.S.B. $15,000 n/a 0.0%

Albemarle's top lender by overall market share is STATE EMPLOYEES', with 20.0% market share. In second place, with 8.8%, is Uwharrie Bank, having originated $44,555,000 in loans. In third place, with 6.4%, is MOVEMENT MORTGAGE, LLC, having originated $32,590,000 in loans. In fourth place, with 5.3%, is DHI MORTGAGE COMPANY, LTD., having originated $27,080,000 in loans. In fifth place, with 4.6%, is QUICKEN LOANS, LLC, having originated $23,100,000 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 (7.6%) $317,158 (-5.5%) 0.00 250
2018-02-01 $252,038 (2.4%) $323,624 (-9.5%) 0.00 235
2018-03-01 $249,500 (2.6%) $340,211 (-4.9%) 0.00 240
2018-04-01 $273,800 (9.6%) $364,002 (0.6%) 0.00 257
2018-05-01 $275,375 (5.4%) $366,403 (1.4%) 0.00 270
2018-06-01 $261,500 (-7.5%) $368,046 (1.8%) 0.00 281
2018-07-01 $277,475 (-1.8%) $385,101 (6.7%) 0.00 285
2018-08-01 $271,950 (-6.1%) $382,707 (4.0%) 0.00 294
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 (-7.6%) $373,556 (4.7%) 0.00 286
2018-12-01 $253,450 (-2.5%) $376,032 (13.0%) 0.00 263
2019-01-01 $250,038 (0.1%) $371,957 (17.3%) 0.00 247
2019-02-01 $257,175 (2.0%) $372,687 (15.2%) 0.00 248
2019-03-01 $266,443 (6.8%) $385,792 (13.4%) 0.00 261
2019-04-01 $274,850 (0.4%) $390,659 (7.3%) 0.00 283
2019-05-01 $258,075 (-6.3%) $375,046 (2.4%) 0.00 320
2019-06-01 $251,950 (-3.7%) $365,085 (-0.8%) 0.00 308
2019-07-01 $249,900 (-9.9%) $359,037 (-6.8%) 0.00 290
2019-08-01 $246,882 (-9.2%) $345,197 (-9.8%) 0.00 287
2019-09-01 $242,955 (-8.6%) $333,839 (-10.9%) 0.00 293
2019-10-01 $240,386 (-9.7%) $327,417 (-13.7%) 0.00 286
2019-11-01 $249,900 (-3.9%) $338,350 (-9.4%) 0.00 263
2019-12-01 $262,223 (3.5%) $359,826 (-4.3%) 0.00 237
2020-01-01 $261,928 (4.8%) $365,732 (-1.7%) 0.00 201
2020-02-01 $253,750 (-1.3%) $361,941 (-2.9%) 0.00 209
2020-03-01 $257,450 (-3.4%) $371,415 (-3.7%) 0.00 220
2020-04-01 $252,400 (-8.2%) $366,785 (-6.1%) 0.00 220
2020-05-01 $259,900 (0.7%) $390,782 (4.2%) 0.00 191
2020-06-01 $254,950 (1.2%) $388,177 (6.3%) 0.00 170
2020-07-01 $254,950 (2.0%) $394,569 (9.9%) 0.00 155
2020-08-01 $249,950 (1.2%) $402,941 (16.7%) 0.00 142
2020-09-01 $239,625 (-1.4%) $380,545 (14.0%) 0.00 141
2020-10-01 $250,000 (4.0%) $385,612 (17.8%) 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 (-2.4%) $389,505 (4.9%) 0.00 84
2021-04-01 $259,750 (2.9%) $423,550 (15.5%) 0.00 78
2021-05-01 $274,450 (5.6%) $420,812 (7.7%) 0.00 93
2021-06-01 $297,450 (16.7%) $420,006 (8.2%) 0.00 111
2021-07-01 $299,900 (17.6%) $429,433 (8.8%) 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 (14.3%) $382,191 (-9.8%) 0.00 71
2022-05-01 $348,848 (27.1%) $442,774 (5.2%) 0.00 87
2022-06-01 $348,200 (17.1%) $423,458 (0.8%) 0.00 96
2022-07-01 $329,900 (10.0%) $410,634 (-4.4%) 0.00 127
2022-08-01 $314,700 (16.6%) $405,905 (5.0%) 0.00 146
2022-09-01 $302,450 (9.3%) $365,165 (-3.2%) 0.00 191
2022-10-01 $320,000 (18.6%) $389,523 (11.2%) 0.00 204
2022-11-01 $328,675 (26.4%) $371,854 (5.3%) 0.00 218
2022-12-01 $305,000 (15.7%) $348,629 (4.9%) 0.00 196
2023-01-01 $304,950 (-7.3%) $349,990 (-4.3%) 0.00 197
2023-02-01 $330,000 (5.6%) $402,970 (11.9%) 0.00 169
2023-03-01 $329,950 (16.1%) $439,734 (27.8%) 0.00 166
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
Albemarle's median listing price for 2023-08-01 was $347,225, a difference of $32,525 (10.3%) versus the prior year and $8,125 versus the prior month.

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

Albemarle's average listing price for 2023-08-01 was $461,942, a difference of $56,037 (13.8%) versus the prior year and $6,267 versus the prior month.

For the 2023-08-01 period, Albemarle had 160 MLS listings, a difference of -4 listings (-2%) versus the prior month and 14 listings (10%) 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 1,957 sqft
2018-02-01 0 days 1,979 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 1,812 sqft
2019-02-01 0 days 1,811 sqft
2019-03-01 0 days 1,830 sqft
2019-04-01 0 days 1,833 sqft
2019-05-01 0 days 1,830 sqft
2019-06-01 0 days 2,007 sqft
2019-07-01 0 days 2,009 sqft
2019-08-01 0 days 1,984 sqft
2019-09-01 0 days 1,998 sqft
2019-10-01 0 days 2,009 sqft
2019-11-01 0 days 1,917 sqft
2019-12-01 0 days 1,997 sqft
2020-01-01 0 days 1,985 sqft
2020-02-01 0 days 1,866 sqft
2020-03-01 0 days 1,833 sqft
2020-04-01 0 days 1,819 sqft
2020-05-01 0 days 1,866 sqft
2020-06-01 0 days 1,852 sqft
2020-07-01 0 days 1,929 sqft
2020-08-01 0 days 1,894 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 1,749 sqft
2021-01-01 0 days 1,780 sqft
2021-02-01 0 days 1,685 sqft
2021-03-01 0 days 1,700 sqft
2021-04-01 0 days 1,715 sqft
2021-05-01 0 days 1,801 sqft
2021-06-01 0 days 1,764 sqft
2021-07-01 0 days 1,772 sqft
2021-08-01 0 days 1,621 sqft
2021-09-01 0 days 1,699 sqft
2021-10-01 0 days 1,698 sqft
2021-11-01 0 days 1,686 sqft
2021-12-01 0 days 1,586 sqft
2022-01-01 0 days 1,738 sqft
2022-02-01 0 days 1,715 sqft
2022-03-01 0 days 1,675 sqft
2022-04-01 0 days 1,676 sqft
2022-05-01 0 days 1,786 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 1,591 sqft
2022-10-01 0 days 1,673 sqft
2022-11-01 0 days 1,634 sqft
2022-12-01 0 days 1,548 sqft
2023-01-01 0 days 1,542 sqft
2023-02-01 0 days 1,653 sqft
2023-03-01 0 days 1,636 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
Albemarle's median listing age (time on market) for 2023-08-01 was 0 days.

Albemarle's median square footage for active listings during the 2023-08-01 period was 1,690 sqft. One year prior, the average listing was 1,614 sqft.

Albemarle, NC Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,300 $341,120,000 $262,400
Refi 423 $72,315,000 $170,957
Cash Out Refi 269 $57,115,000 $212,323
Other 264 $21,900,000 $82,955
Home Improvement 210 $14,950,000 $71,190

Albemarle's most frequently cited loan purpose was Home Purchase, with 1,300 originations. The 2nd most popular reason was Refi, with 423 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 892 $167,600,000 $187,892
4-5% 534 $131,960,000 $247,116
5-6% 479 $109,415,000 $228,424
2.5-3% 227 $32,605,000 $143,634
6-7% 206 $42,260,000 $205,146
7-8% 61 $11,265,000 $184,672
<2.5% 33 $6,175,000 $187,121
Over 8% 27 $4,235,000 $156,852

During 2022, Albemarle's most frequently originated rate bucket was 3-4%, with 892 originations.

Loan Sizing (Albemarle, NC MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 984 $275,900,000 $280,386
$100k-200k 744 $110,580,000 $148,629
$100,000 or less 584 $33,390,000 $57,175
$400k-600k 128 $59,130,000 $461,953
$600k-1000k 18 $13,290,000 $738,333
$Over $1MM 8 $15,110,000 $1,888,750

Albemarle's loan sizing saw the bucket of loans from $200k-400k with 984 originations, totaling $275,900,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 984 $262,130,000 $266,392
60-80% 557 $127,245,000 $228,447
20-40% 295 $31,085,000 $105,373
Under 20% 288 $13,590,000 $47,188
40-60% 282 $55,540,000 $196,950
Over 100% 50 $15,180,000 $303,600

Albemarle's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 984 originations, totaling $262,130,000 in origination value.