Albertville Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Albertville averaged 6.86% 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 6.9% and one month ago for the week of 2023-08-10, the average rate was 6.74%.

Albertville's average rate one year ago was 5.77%.

For refis of the same type during the week of 2023-09-14, the average rate was 7.09%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-14 7.18%
Albertville 30 Year Fixed Rate 2023-09-14 6.86%
Albertville 30 Year Fixed Rate Refi 2023-09-14 7.09%
Albertville 15 Year Fixed Rate 2023-09-14 6.46%
Albertville 15 Year Fixed Rate Refi 2023-09-14 6.41%
Albertville 30 Year FHA 2023-09-14 6.74%
Albertville 30 Year FHA Refi 2023-09-14 7.19%
Albertville 30 Year USDA 2023-09-14 6.4%
Albertville 30 Year USDA Refi 2023-09-14 6.78%
Albertville 30 Year VA 2023-09-14 6.48%
Albertville 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 Albertville, AL.

Albertville 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 Albertville, AL 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
FirstBank 68 4.56% $5,570
REDSTONE Federal Credit Union 54 5.25% $2,404
CERTAINTY HOME LOANS, LLC 48 5.09% $7,207
QUICKEN LOANS, LLC 45 4.91% $5,882
TJC Mortgage, Inc. 42 5.41% $4,867
UNITED WHOLESALE MORTGAGE, LLC 37 5.47% $5,310
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 35 4.96% $5,641
GMFS LLC 31 4.31% $4,807
BancorpSouth 25 4.88% $4,985
LOANDEPOT.COM, LLC 25 4.67% $6,042
Renasant Bank 25 5.12% $5,065
Regions Bank 25 4.97% $4,810
BROKER SOLUTIONS, INC. 18 5.39% $3,813
Wells Fargo Bank 17 4.85% $3,424
Hometown Lenders, Inc. 12 5.23% $4,549
SECURITYNATIONAL MORTGAGE COMPANY 10 4.65% $7,028
HOME POINT FINANCIAL CORPORATION 9 5.04% $3,606
VANDERBILT MORTGAGE AND FINANCE, INC. 9 6.00% $5,568
MOVEMENT MORTGAGE, LLC 8 6.30% $5,967
PENNYMAC LOAN SERVICES, LLC 7 4.87% $4,948
Mr. Cooper ( Nationstar Mortgage ) 6 4.69% $5,142
SouthPoint Bank 6 5.85% $6,856
NAVY FEDERAL CREDIT UNION 6 5.25% $8,402
Synovus Bank 5 5.35% $4,276
Hamilton Mortgage Corporation 5 5.53% $4,372
ALABAMA TEACHERS 5 3.85% $3,607
Progress Bank and Trust 5 5.25% $4,585
First Federal Bank, A FSB 4 4.09% $5,202
PNC Bank 4 4.63% $4,530
CB&S Bank, Inc. 3 4.92% $2,881
BETTER MORTGAGE CORPORATION 3 4.21% $2,299
South State Bank 3 4.38% $5,845
Mortgage Research Center, LLC 3 6.04% $3,311
UNION HOME MORTGAGE CORP. 3 5.63% $3,666
MORTGAGE INVESTORS GROUP, INC. 3 4.96% $5,567
Trustmark National Bank 3 5.00% $5,151
GUILD MORTGAGE COMPANY 3 5.71% $7,869
FREEDOM MORTGAGE CORPORATION 3 5.17% $5,118
FIRST COMMUNITY MORTGAGE, INC. 3 4.67% $3,982
First Horizon Bank 3 3.33% $3,702
PREMIA MORTGAGE, LLC 3 3.74% $1,616
Consumer First Mortgage, Inc. 2 5.88% $5,964
AMERISAVE MORTGAGE CORPORATION 2 5.19% $6,029
Ameris Bank 2 4.44% $6,652
BNC National Bank 2 4.69% $2,981
CHURCHILL MORTGAGE CORPORATION 2 4.50% $3,486
EVERETT FINANCIAL, INC. 2 5.13% $2,228
GUARANTEED RATE AFFINITY, LLC 2 6.35% $4,797
GUARANTY HOME MORTGAGE CORPORATION 2 5.44% $7,450
HOMESTEAD FUNDING CORP. 2 4.44% $4,232
INTERLINC MORTGAGE SERVICES, LLC 2 4.69% $2,193
KELLER MORTGAGE, LLC 2 4.13% $3,972
MUTUAL OF OMAHA MORTGAGE, INC. 2 4.88% $6,345
River Bank & Trust 2 3.30% $4,988
ROYAL UNITED MORTGAGE LLC 2 5.94% $7,906
SmartBank 2 4.44% $3,135
SUCCESS MORTGAGE PARTNERS, INC. 2 4.56% $6,577
The Federal Savings Bank 2 6.25% $5,874
Truist 2 4.81% $2,752
JPMorgan Chase Bank 1 6.99% $3,875
United Bank 1 4.75% $3,216
LAKEVIEW LOAN SERVICING, LLC 1 3.88% $5,348
Listerhill Credit Union 1 4.75% $2,494
FBC MORTGAGE, LLC 1 3.62% $9,276
Low VA Rates, LLC 1 5.00% $7,250
Magnolia Bank 1 5.13% $4,317
Marine Bank 1 4.00% $2,649
MAX Credit Union 1 3.75% $10,224
MCLEAN MORTGAGE CORPORATION 1 2.99% $5,448
Morgan Stanley Private Bank 1 3.30% $3,599
Evolve Bank & Trust 1 5.25% $3,842
EMBRACE HOME LOANS, INC. 1 3.49% $8,315
CROSSCOUNTRY MORTGAGE, LLC 1 6.38% $5,484
21ST MORTGAGE CORPORATION 1 6.80% $5,913
AMERICAN FINANCING CORPORATION 1 3.88% $2,594
Nations Lending Corporation 1 5.99% $4,869
Community Trust Bank, Inc. 1 6.38% $2,911
NBKC BANK 1 6.13% $4,716
NEWREZ LLC 1 3.75% $4,926
NexBank 1 5.88% $12,420
NFM, INC. 1 6.13% $3,598
Community Bank of Mississippi 1 5.50% $4,111
Pinnacle Bank 1 5.75% $3,459
PLANET HOME LENDING, LLC 1 4.25% $4,786
Chicago Mortgage Solutions LLC 1 3.80% $1,637
CHERRY CREEK MORTGAGE, LLC 1 2.99% $123
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.63% $4,065
Carrington Mortgage Services, LLC 1 7.99% $6,348
CARDINAL FINANCIAL 1 3.99% $7,576
Raymond James Bank 1 4.50% $2,539
CALIBER HOME LOANS, INC. 1 7.13% $2,761
Byron Bank 1 5.28% $3,662
RELIANCE FIRST CAPITAL, LLC 1 3.75% $3,402
Bryant Bank 1 4.25% $6,931
USAA Federal Savings Bank 1 6.13% $2,928
AlaTrust Credit Union 1 3.99% $3,292
Bank of America 1 3.38% $4,330
Victorian Finance, LLC 1 7.63% $4,763
Bank Independent 1 3.59% $3,643
SOUTHPOINT FINANCIAL SERVICES, INC. 1 5.50% $1,869
BankFirst Financial Services 1 5.63% $4,657
STOCKTON MORTGAGE CORPORATION 1 7.13% $12,146
Waterstone Mortgage Corporation 1 3.50% $3,783
SUMMIT FUNDING, INC. 1 4.38% $2,993
AVADIAN 1 3.50% $7,178
ACOPIA, LLC 1 4.25% $5,173
The Huntington National Bank 1 5.50% $4,071
THRIVE MORTGAGE, LLC 1 6.00% $4,456
Goldwater Bank, N.A. 1 6.00% $7,117
Assurance Financial Group, L.L.C. 1 6.63% $6,128
GUARANTEED RATE, INC. 1 6.25% $3,193
ZILLOW HOME LOANS, LLC 1 2.75% $3,978
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.00% $7,082
GENEVA FINANCIAL, LLC 1 4.13% $3,882
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.38% $4,755
Gateway First Bank 1 5.63% $6,598
HOMESIDE FINANCIAL, LLC 1 4.50% $6,402
AmeriHome Mortgage Company, LLC 1 3.38% $3,646
Flagstar Bank, FSB 1 4.28% $1,940
AMERICA'S FIRST 1 3.13% $4,453

Albertville Average Closing Costs & Other Stats

Albertville, AL's 120 lenders originated 2,469 loans during 2022. The total origination value was $502,885,000, with an average loan value of $203,680.

Albertville's average closing costs are $4,755.

The top Albertville lender as defined by loan originations is FirstBank, with 68 loans originated. Their average total fees are $5,570, which is $3,166 higher than the next largest lender, REDSTONE Federal Credit Union.

The lowest fee Albertville lenders (with over 10 loans originated) are REDSTONE Federal Credit Union ($2,404), Wells Fargo Bank ($3,424), BROKER SOLUTIONS, INC. ($3,813), Hometown Lenders, Inc. ($4,549) and GMFS LLC ($4,807).

The lowest rate Albertville lenders (with over 10 loans originated) are GMFS LLC (4.31%), FirstBank (4.56%), SECURITYNATIONAL MORTGAGE COMPANY (4.65%), LOANDEPOT.COM, LLC (4.67%) and Wells Fargo Bank (4.85%).

Albertville, AL 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
FirstBank $66,090,000 $32,680,000 -50.6% 6.5%
REDSTONE Federal Credit Union $29,830,000 $25,805,000 -13.5% 5.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $32,170,000 $24,250,000 -24.6% 4.8%
CERTAINTY HOME LOANS, LLC $27,955,000 $24,055,000 -14.0% 4.8%
BancorpSouth Bank $15,045,000 $22,590,000 50.1% 4.5%
QUICKEN LOANS, LLC $42,800,000 $21,980,000 -48.6% 4.4%
TJC Mortgage, Inc. $23,225,000 $19,085,000 -17.8% 3.8%
UNITED WHOLESALE MORTGAGE, LLC $14,975,000 $18,920,000 26.3% 3.8%
Regions Bank $23,640,000 $15,680,000 -33.7% 3.1%
Citizens Bank & Trust $17,075,000 $15,570,000 -8.8% 3.1%
LOANDEPOT.COM, LLC $19,395,000 $14,675,000 -24.3% 2.9%
FAMILY SAVINGS $8,575,000 $14,060,000 64.0% 2.8%
Liberty Bank $11,130,000 $13,825,000 24.2% 2.7%
GMFS LLC $27,740,000 $13,625,000 -50.9% 2.7%
Renasant Bank $22,200,000 $13,485,000 -39.3% 2.7%
Mortgage Research Center, LLC $12,770,000 $11,575,000 -9.4% 2.3%
BROKER SOLUTIONS, INC. $2,690,000 $9,140,000 239.8% 1.8%
HOME POINT FINANCIAL CORPORATION $9,980,000 $8,040,000 -19.4% 1.6%
Hometown Lenders, Inc. $9,380,000 $7,970,000 -15.0% 1.6%
South State Bank $7,560,000 $7,500,000 -0.8% 1.5%
Peoples Bank of Alabama $7,590,000 $6,640,000 -12.5% 1.3%
VANDERBILT MORTGAGE AND FINANCE, INC. $5,155,000 $5,925,000 14.9% 1.2%
SECURITYNATIONAL MORTGAGE COMPANY $320,000 $5,520,000 1,625.0% 1.1%
Wells Fargo Bank $9,255,000 $5,050,000 -45.4% 1.0%
MOVEMENT MORTGAGE, LLC $2,025,000 $4,335,000 114.1% 0.9%
Progress Bank and Trust $7,475,000 $4,120,000 -44.9% 0.8%
FREEDOM MORTGAGE CORPORATION $19,195,000 $3,800,000 -80.2% 0.8%
NAVY FEDERAL CREDIT UNION $3,690,000 $3,690,000 0.0% 0.7%
First Federal Bank, A FSB $5,440,000 $3,470,000 -36.2% 0.7%
PENNYMAC LOAN SERVICES, LLC $7,360,000 $3,005,000 -59.2% 0.6%
Hamilton Mortgage Corporation $4,025,000 $2,855,000 -29.1% 0.6%
Synovus Bank $3,885,000 $2,805,000 -27.8% 0.6%
CB&S Bank, Inc. $290,000 $2,595,000 794.8% 0.5%
USAA Federal Savings Bank $1,980,000 $2,455,000 24.0% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $4,785,000 $2,395,000 -49.9% 0.5%
Family Security Credit Union $2,495,000 $2,355,000 -5.6% 0.5%
AMERISAVE MORTGAGE CORPORATION $5,290,000 $2,340,000 -55.8% 0.5%
ALABAMA TEACHERS $2,925,000 $2,305,000 -21.2% 0.5%
21ST MORTGAGE CORPORATION $2,385,000 $2,300,000 -3.6% 0.5%
River Bank & Trust $795,000 $2,195,000 176.1% 0.4%
PNC Bank $1,745,000 $2,170,000 24.4% 0.4%
GUILD MORTGAGE COMPANY $1,140,000 $2,105,000 84.6% 0.4%
SouthPoint Bank $760,000 $1,915,000 152.0% 0.4%
SUCCESS MORTGAGE PARTNERS, INC. $2,390,000 $1,910,000 -20.1% 0.4%
The Hometown Bank of Alabama $895,000 $1,885,000 110.6% 0.4%
Truist $2,225,000 $1,865,000 -16.2% 0.4%
Bryant Bank $640,000 $1,820,000 184.4% 0.4%
First Horizon Bank $1,320,000 $1,805,000 36.7% 0.4%
First National Bank of Pulaski $1,765,000 n/a 0.4%
FIRST COMMUNITY MORTGAGE, INC. $1,135,000 $1,725,000 52.0% 0.3%
HOMESTEAD FUNDING CORP. $255,000 $1,705,000 568.6% 0.3%
INTERLINC MORTGAGE SERVICES, LLC $215,000 $1,640,000 662.8% 0.3%
West Alabama Bank & Trust $1,510,000 n/a 0.3%
TRIAD FINANCIAL SERVICES, INC. $655,000 $1,470,000 124.4% 0.3%
ServisFirst Bank $1,035,000 $1,435,000 38.6% 0.3%
EvaBank $585,000 $1,415,000 141.9% 0.3%
LAKEVIEW LOAN SERVICING, LLC $2,850,000 $1,415,000 -50.4% 0.3%
Trustmark National Bank $1,440,000 $1,405,000 -2.4% 0.3%
NEW DAY FINANCIAL, LLC $3,570,000 $1,400,000 -60.8% 0.3%
Flagstar Bank, FSB $1,585,000 $1,385,000 -12.6% 0.3%
Premier Bank of the South $205,000 $1,360,000 563.4% 0.3%
UNION HOME MORTGAGE CORP. $1,340,000 n/a 0.3%
Ameris Bank $215,000 $1,325,000 516.3% 0.3%
PREMIA MORTGAGE, LLC $315,000 $1,280,000 306.3% 0.3%
Volunteer State Bank $1,245,000 n/a 0.2%
CROSSCOUNTRY MORTGAGE, LLC $900,000 $1,230,000 36.7% 0.2%
MAX Credit Union $1,205,000 n/a 0.2%
First Southern Bank $1,155,000 n/a 0.2%
First Jackson Bank, Inc. $1,695,000 $1,130,000 -33.3% 0.2%
CALIBER HOME LOANS, INC. $5,490,000 $1,060,000 -80.7% 0.2%
The Federal Savings Bank $1,195,000 $1,050,000 -12.1% 0.2%
Carrington Mortgage Services, LLC $1,745,000 $1,025,000 -41.3% 0.2%
FINANCE OF AMERICA MORTGAGE LLC $695,000 $990,000 42.4% 0.2%
Magnolia Bank $1,170,000 $990,000 -15.4% 0.2%
MORTGAGE INVESTORS GROUP, INC. $5,755,000 $945,000 -83.6% 0.2%
ZILLOW HOME LOANS, LLC $930,000 n/a 0.2%
Listerhill Credit Union $905,000 n/a 0.2%
NEWREZ LLC $3,050,000 $875,000 -71.3% 0.2%
GUARANTEED RATE AFFINITY, LLC $185,000 $810,000 337.8% 0.2%
ISERVE RESIDENTIAL LENDING, LLC $1,870,000 $805,000 -57.0% 0.2%
RELIANCE FIRST CAPITAL, LLC $465,000 $790,000 69.9% 0.2%
The Exchange Bank of Alabama $780,000 n/a 0.2%
Morgan Stanley Private Bank $775,000 n/a 0.2%
Capitol Federal Savings Bank $3,080,000 $765,000 -75.2% 0.2%
AMERICAN FINANCING CORPORATION $795,000 $720,000 -9.4% 0.1%
ACIPCO Federal Credit Union $85,000 $715,000 741.2% 0.1%
Bank of England $1,665,000 $695,000 -58.3% 0.1%
Bank of America $2,375,000 $690,000 -70.9% 0.1%
GUARANTY HOME MORTGAGE CORPORATION $510,000 $670,000 31.4% 0.1%
Traditions Bank $1,605,000 $665,000 -58.6% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $655,000 n/a 0.1%
Consumer First Mortgage, Inc. $560,000 $650,000 16.1% 0.1%
BETTER MORTGAGE CORPORATION $4,340,000 $640,000 -85.3% 0.1%
KELLER MORTGAGE, LLC $3,710,000 $630,000 -83.0% 0.1%
Northpointe Bank $630,000 n/a 0.1%
NBKC BANK $670,000 $600,000 -10.4% 0.1%
COMMUNITY MORTGAGE CORPORATION $585,000 n/a 0.1%
Goldwater Bank, N.A. $455,000 $580,000 27.5% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $1,005,000 $580,000 -42.3% 0.1%
AMERICAN ADVISORS GROUP $25,000 $565,000 2,160.0% 0.1%
Assurance Financial Group, L.L.C. $830,000 $565,000 -31.9% 0.1%
PLANET HOME LENDING, LLC $3,390,000 $555,000 -83.6% 0.1%
Bank Independent $3,885,000 $550,000 -85.8% 0.1%
SmartBank $395,000 $550,000 39.2% 0.1%
Fifth Third Bank $135,000 $545,000 303.7% 0.1%
GUARANTEED RATE, INC. $690,000 $540,000 -21.7% 0.1%
STOCKTON MORTGAGE CORPORATION $255,000 $535,000 109.8% 0.1%
NexBank $525,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $315,000 $515,000 63.5% 0.1%
EVERETT FINANCIAL, INC. $510,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $330,000 $510,000 54.5% 0.1%
CHURCHILL MORTGAGE CORPORATION $885,000 $505,000 -42.9% 0.1%
BNC National Bank $590,000 $500,000 -15.3% 0.1%
EMBRACE HOME LOANS, INC. $425,000 $500,000 17.6% 0.1%
First Federal Bank $625,000 $500,000 -20.0% 0.1%
Gateway First Bank $610,000 $485,000 -20.5% 0.1%
MORTGAGE MANAGEMENT CONSULTANTS, INC. $475,000 n/a 0.1%
AVADIAN $1,150,000 $470,000 -59.1% 0.1%
ACOPIA, LLC $950,000 $465,000 -51.1% 0.1%
MCLEAN MORTGAGE CORPORATION $465,000 n/a 0.1%
North American Savings Bank, F.S.B. $895,000 $455,000 -49.2% 0.1%
THRIVE MORTGAGE, LLC $450,000 n/a 0.1%
Armed Forces Bank $425,000 n/a 0.1%
Citizens Bank $165,000 $425,000 157.6% 0.1%
SOUTHWEST STAGE FUNDING, LLC $200,000 $425,000 112.5% 0.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $865,000 $410,000 -52.6% 0.1%
Total Media Management, LLC $585,000 $410,000 -29.9% 0.1%
Evolve Bank & Trust $395,000 n/a 0.1%
Community Bank of Mississippi $385,000 n/a 0.1%
Victorian Finance, LLC $380,000 n/a 0.1%
CSL Financial, LLC $85,000 $375,000 341.2% 0.1%
The Huntington National Bank $155,000 $375,000 141.9% 0.1%
Nations Lending Corporation $490,000 $370,000 -24.5% 0.1%
Amerifirst Financial, Inc. $185,000 $365,000 97.3% 0.1%
SOUTHPOINT FINANCIAL SERVICES, INC. $675,000 $340,000 -49.6% 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $300,000 $330,000 10.0% 0.1%
VILLAGE CAPITAL MORTGAGE $1,015,000 $330,000 -67.5% 0.1%
AlaTrust Credit Union $315,000 n/a 0.1%
GSF Mortgage Corporation $340,000 $315,000 -7.4% 0.1%
CHERRY CREEK MORTGAGE, LLC $295,000 $305,000 3.4% 0.1%
FBC MORTGAGE, LLC $805,000 $305,000 -62.1% 0.1%
Florida Capital Bank $670,000 $305,000 -54.5% 0.1%
Community Trust Bank, Inc. $295,000 n/a 0.1%
SUMMIT FUNDING, INC. $1,630,000 $290,000 -82.2% 0.1%
First National Bank $285,000 n/a 0.1%
HOMESTAR FINANCIAL CORPORATION $285,000 n/a 0.1%
GENEVA FINANCIAL, LLC $420,000 $275,000 -34.5% 0.1%
LENOX FINANCIAL MORTGAGE CORPORATION $275,000 n/a 0.1%
SOVEREIGN LENDING GROUP INCORPORATED $340,000 $265,000 -22.1% 0.1%
AMERICA'S FIRST $260,000 n/a 0.1%
JPMorgan Chase Bank $1,060,000 $260,000 -75.5% 0.1%
M&T Bank $260,000 n/a 0.1%
BankPlus $255,000 n/a 0.1%
CMG MORTGAGE, INC. $1,245,000 $255,000 -79.5% 0.1%
Pinnacle Bank $170,000 $255,000 50.0% 0.1%
Colten Mortgage, LLC $155,000 $245,000 58.1% 0.0%
FAY SERVICING, LLC $75,000 $245,000 226.7% 0.0%
U.S. Bank $750,000 $235,000 -68.7% 0.0%
NFM, INC. $6,095,000 $225,000 -96.3% 0.0%
Raymond James Bank $225,000 n/a 0.0%
RESIDENTIAL BANCORP. $225,000 n/a 0.0%
Figure Lending LLC $85,000 $220,000 158.8% 0.0%
DELMAR FINANCIAL COMPANY $215,000 n/a 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,185,000 $205,000 -82.7% 0.0%
CLEARPATH LENDING $740,000 $195,000 -73.6% 0.0%
Mid-Continent Funding, Inc. $195,000 n/a 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $125,000 $195,000 56.0% 0.0%
AmeriHome Mortgage Company, LLC $495,000 $185,000 -62.6% 0.0%
BankFirst Financial Services $175,000 n/a 0.0%
Chicago Mortgage Solutions LLC $175,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $985,000 $175,000 -82.2% 0.0%
Marine Bank $175,000 n/a 0.0%
SPRING EQ, LLC $175,000 $170,000 -2.9% 0.0%
Byron Bank $165,000 n/a 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $165,000 n/a 0.0%
Metro Bank $160,000 n/a 0.0%
Discover Bank $305,000 $155,000 -49.2% 0.0%
Paramount Bank $155,000 n/a 0.0%
VAN DYK MORTGAGE CORPORATION $585,000 $155,000 -73.5% 0.0%
First Option Mortgage, LLC $185,000 $145,000 -21.6% 0.0%
First South Farm Credit, ACA $1,745,000 $145,000 -91.7% 0.0%
LIBERTY HOME MORTGAGE CORPORATION $245,000 $145,000 -40.8% 0.0%
CIS Financial Services, Inc. $365,000 $140,000 -61.6% 0.0%
LIMA ONE CAPITAL, LLC $155,000 $125,000 -19.4% 0.0%
Low VA Rates, LLC $400,000 $125,000 -68.8% 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $235,000 $115,000 -51.1% 0.0%
Waterstone Mortgage Corporation $115,000 n/a 0.0%
American Airlines Federal Credit Union $215,000 $105,000 -51.2% 0.0%
NETWORK CAPITAL FUNDING CORPORATION $205,000 $105,000 -48.8% 0.0%
SUN WEST MORTGAGE COMPANY, INC. $95,000 n/a 0.0%
United Bank $95,000 n/a 0.0%
1st Franklin Financial Corporation $335,000 $75,000 -77.6% 0.0%
COUNTRYPLACE MORTGAGE, LTD. $405,000 $45,000 -88.9% 0.0%
Guardian Credit Union $35,000 n/a 0.0%
ALABAMA STATE EMPLOYEES CREDIT UNION $15,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $15,000 $15,000 0.0% 0.0%

Albertville's top lender by overall market share is FirstBank, with 6.5% market share. In second place, with 5.1%, is REDSTONE Federal Credit Union, having originated $25,805,000 in loans. In third place, with 4.8%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $24,250,000 in loans. In fourth place, with 4.8%, is CERTAINTY HOME LOANS, LLC, having originated $24,055,000 in loans. In fifth place, with 4.5%, is BancorpSouth Bank, having originated $22,590,000 in loans.

Albertville, AL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,331 $320,255,000 $240,612
Cash Out Refi 428 $83,920,000 $196,075
Refi 390 $70,710,000 $181,308
Home Improvement 163 $12,455,000 $76,411
Other 157 $15,545,000 $99,013

Albertville's most frequently cited loan purpose was Home Purchase, with 1,331 originations. The 2nd most popular reason was Cash Out Refi, with 428 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
4-5% 564 $122,030,000 $216,365
3-4% 542 $115,960,000 $213,948
5-6% 537 $113,765,000 $211,853
6-7% 281 $46,925,000 $166,993
2.5-3% 121 $29,065,000 $240,207
7-8% 91 $13,565,000 $149,066
Over 8% 72 $6,090,000 $84,583
<2.5% 32 $6,150,000 $192,188

During 2022, Albertville's most frequently originated rate bucket was 4-5%, with 564 originations.

Loan Sizing (Albertville, AL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 906 $134,640,000 $148,609
$200k-400k 741 $202,125,000 $272,773
$100,000 or less 601 $34,545,000 $57,479
$400k-600k 159 $76,425,000 $480,660
$600k-1000k 48 $35,140,000 $732,083
$Over $1MM 14 $20,010,000 $1,429,286

Albertville's loan sizing saw the bucket of loans from $100k-200k with 906 originations, totaling $134,640,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,021 $245,635,000 $240,583
60-80% 497 $116,925,000 $235,262
40-60% 229 $42,055,000 $183,646
20-40% 217 $22,085,000 $101,774
Under 20% 208 $11,240,000 $54,038
Over 100% 57 $13,775,000 $241,667

Albertville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,021 originations, totaling $245,635,000 in origination value.