Albertville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Albertville averaged
6.21%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.01% and
one month ago for the week of 2024-09-05, the
average rate was 6.34%.
Albertville's average rate one year ago was 7.48%.
For refis of the same type during the week of 2024-10-10, the average rate
was 7%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
| Albertville 30 Year Fixed Rate | 2024-10-10 | 6.21% |
| Albertville 30 Year Fixed Rate Refi | 2024-10-10 | 7% |
| Albertville 15 Year Fixed Rate | 2024-10-10 | 5.61% |
| Albertville 15 Year Fixed Rate Refi | 2024-10-10 | 6.01% |
| Albertville 30 Year FHA | 2024-10-10 | 5.99% |
| Albertville 30 Year FHA Refi | 2024-10-10 | 5.9% |
| Albertville 30 Year USDA | 2024-10-10 | 5.92% |
| Albertville 30 Year USDA Refi | 2024-10-10 | 5.98% |
| Albertville 30 Year VA | 2024-10-10 | 5.71% |
| Albertville 30 Year VA Refi | 2024-10-10 | 5.85% |
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.).
Albertville Average Closing Costs & Other Stats
Albertville, AL's 99 lenders originated 1,839
loans during 2023. The total origination value was $362,955,000, with an average loan value of
$197,365.
Albertville's average closing costs are $5,039.
The top Albertville lender as defined by loan originations is GUARANTEED RATE, INC., with
45 loans originated. Their average total fees are
$7,529, which is $1,370
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Albertville lenders (with over 10 loans originated) are
REDSTONE Federal Credit Union ($3,144), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,442), BancorpSouth ($5,213), GMFS LLC ($5,476) and MORTGAGE INVESTORS GROUP, INC. ($5,489).
The lowest rate Albertville lenders (with over 10 loans originated) are
MORTGAGE INVESTORS GROUP, INC. (6.37%), GUARANTEED RATE, INC. (6.41%), GMFS LLC (6.59%), FirstBank (6.63%) and BancorpSouth (6.65%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| GUARANTEED RATE, INC. | $540,000 | $21,880,000 | 3,951.9% | 6.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $24,250,000 | $21,335,000 | -12.0% | 5.9% |
| REDSTONE Federal Credit Union | $25,805,000 | $18,670,000 | -27.6% | 5.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $18,920,000 | $18,480,000 | -2.3% | 5.1% |
| FirstBank | $32,680,000 | $17,900,000 | -45.2% | 4.9% |
| QUICKEN LOANS, LLC | $21,980,000 | $16,835,000 | -23.4% | 4.6% |
| BancorpSouth | $22,590,000 | $15,985,000 | -29.2% | 4.4% |
| FAMILY SAVINGS | $14,060,000 | $15,875,000 | 12.9% | 4.4% |
| TJC Mortgage, Inc. | $19,085,000 | $12,975,000 | -32.0% | 3.6% |
| Regions Bank | $15,680,000 | $10,615,000 | -32.3% | 2.9% |
| Liberty Bank | $13,825,000 | $9,755,000 | -29.4% | 2.7% |
| Mortgage Research Center, LLC | $11,575,000 | $8,680,000 | -25.0% | 2.4% |
| First National Bank of Pulaski | $1,765,000 | $7,950,000 | 350.4% | 2.2% |
| GMFS LLC | $13,625,000 | $7,795,000 | -42.8% | 2.1% |
| MOVEMENT MORTGAGE, LLC | $4,335,000 | $7,180,000 | 65.6% | 2.0% |
| Renasant Bank | $13,485,000 | $5,980,000 | -55.7% | 1.6% |
| Citizens Bank & Trust | $15,570,000 | $5,195,000 | -66.6% | 1.4% |
| Victorian Finance, LLC | $380,000 | $5,140,000 | 1,252.6% | 1.4% |
| BROKER SOLUTIONS, INC. | $9,140,000 | $4,605,000 | -49.6% | 1.3% |
| Hamilton Mortgage Corporation | $2,855,000 | $4,240,000 | 48.5% | 1.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $5,925,000 | $4,205,000 | -29.0% | 1.2% |
| PENNYMAC LOAN SERVICES, LLC | $3,005,000 | $3,990,000 | 32.8% | 1.1% |
| Peoples Independent Bank | $3,835,000 | n/a | 1.1% | |
| Peoples Bank of Alabama | $6,640,000 | $3,510,000 | -47.1% | 1.0% |
| First Federal Bank, A FSB | $3,470,000 | $3,240,000 | -6.6% | 0.9% |
| NAVY FEDERAL CREDIT UNION | $3,690,000 | $3,105,000 | -15.9% | 0.9% |
| 21ST MORTGAGE CORPORATION | $2,300,000 | $2,900,000 | 26.1% | 0.8% |
| LOANDEPOT.COM, LLC | $14,675,000 | $2,840,000 | -80.6% | 0.8% |
| Synovus Bank | $2,805,000 | $2,800,000 | -0.2% | 0.8% |
| The Hometown Bank of Alabama | $1,885,000 | $2,775,000 | 47.2% | 0.8% |
| ALABAMA TEACHERS | $2,305,000 | $2,750,000 | 19.3% | 0.8% |
| Wells Fargo Bank | $5,050,000 | $2,705,000 | -46.4% | 0.7% |
| SouthPoint Bank | $1,915,000 | $2,635,000 | 37.6% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,395,000 | $2,595,000 | 8.4% | 0.7% |
| MORTGAGE INVESTORS GROUP, INC. | $945,000 | $2,475,000 | 161.9% | 0.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,230,000 | $2,265,000 | 84.1% | 0.6% |
| River Bank & Trust | $2,195,000 | $2,235,000 | 1.8% | 0.6% |
| GUILD MORTGAGE COMPANY | $2,105,000 | $2,040,000 | -3.1% | 0.6% |
| PNC Bank | $2,170,000 | $1,870,000 | -13.8% | 0.5% |
| CARDINAL FINANCIAL | $410,000 | $1,810,000 | 341.5% | 0.5% |
| INSPIRE HOME LOANS INC. | $1,760,000 | n/a | 0.5% | |
| United Community Bank | $1,715,000 | n/a | 0.5% | |
| Carrington Mortgage Services, LLC | $1,025,000 | $1,660,000 | 62.0% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $3,800,000 | $1,550,000 | -59.2% | 0.4% |
| ServisFirst Bank | $1,435,000 | $1,540,000 | 7.3% | 0.4% |
| UNION HOME MORTGAGE CORP. | $1,340,000 | $1,495,000 | 11.6% | 0.4% |
| Capitol Federal Savings Bank | $765,000 | $1,480,000 | 93.5% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $2,340,000 | $1,455,000 | -37.8% | 0.4% |
| Assurance Financial Group, L.L.C. | $565,000 | $1,415,000 | 150.4% | 0.4% |
| First Southern Bank | $1,155,000 | $1,395,000 | 20.8% | 0.4% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $1,265,000 | n/a | 0.3% | |
| SOUTHWEST STAGE FUNDING, LLC | $425,000 | $1,205,000 | 183.5% | 0.3% |
| CERTAINTY HOME LOANS, LLC | $24,055,000 | $1,165,000 | -95.2% | 0.3% |
| GUARANTEED RATE AFFINITY, LLC | $810,000 | $1,155,000 | 42.6% | 0.3% |
| South State Bank | $7,500,000 | $1,155,000 | -84.6% | 0.3% |
| NEWREZ LLC | $875,000 | $1,115,000 | 27.4% | 0.3% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,725,000 | $1,090,000 | -36.8% | 0.3% |
| FBC MORTGAGE, LLC | $305,000 | $1,075,000 | 252.5% | 0.3% |
| First Jackson Bank, Inc. | $1,130,000 | $1,055,000 | -6.6% | 0.3% |
| USAA Federal Savings Bank | $2,455,000 | $965,000 | -60.7% | 0.3% |
| CIS Financial Services, Inc. | $140,000 | $890,000 | 535.7% | 0.2% |
| NBKC BANK | $600,000 | $890,000 | 48.3% | 0.2% |
| Bryant Bank | $1,820,000 | $860,000 | -52.7% | 0.2% |
| The Exchange Bank of Alabama | $780,000 | $860,000 | 10.3% | 0.2% |
| ARC HOME LLC | $845,000 | n/a | 0.2% | |
| PLANET HOME LENDING, LLC | $555,000 | $845,000 | 52.3% | 0.2% |
| EvaBank | $1,415,000 | $825,000 | -41.7% | 0.2% |
| CB&S Bank, Inc. | $2,595,000 | $790,000 | -69.6% | 0.2% |
| Trustmark National Bank | $1,405,000 | $760,000 | -45.9% | 0.2% |
| Truist | $1,865,000 | $755,000 | -59.5% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $745,000 | n/a | 0.2% | |
| Citizens Bank | $425,000 | $740,000 | 74.1% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $725,000 | n/a | 0.2% | |
| First Horizon Bank | $1,805,000 | $710,000 | -60.7% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $1,470,000 | $695,000 | -52.7% | 0.2% |
| FirstTrust Home Loans, Inc. | $650,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $580,000 | $635,000 | 9.5% | 0.2% |
| 1ST SIGNATURE LENDING, LLC | $615,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $1,385,000 | $585,000 | -57.8% | 0.2% |
| First United Bank and Trust Company | $575,000 | n/a | 0.2% | |
| FLAT BRANCH MORTGAGE, INC. | $570,000 | n/a | 0.2% | |
| BANKSOUTH MORTGAGE COMPANY, LLC | $565,000 | n/a | 0.2% | |
| Armed Forces Bank | $425,000 | $555,000 | 30.6% | 0.2% |
| First Federal Bank | $500,000 | $555,000 | 11.0% | 0.2% |
| Family Security Credit Union | $2,355,000 | $550,000 | -76.6% | 0.2% |
| Atlantic Coast Mortgage, LLC | $525,000 | n/a | 0.1% | |
| HOMESTAR FINANCIAL CORPORATION | $285,000 | $525,000 | 84.2% | 0.1% |
| EAGLE HOME MORTGAGE, LLC | $510,000 | n/a | 0.1% | |
| NFM, INC. | $225,000 | $505,000 | 124.4% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $1,910,000 | $505,000 | -73.6% | 0.1% |
| U.S. Bank | $235,000 | $490,000 | 108.5% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $330,000 | $490,000 | 48.5% | 0.1% |
| Magnolia Bank | $990,000 | $480,000 | -51.5% | 0.1% |
| Guardian Credit Union | $35,000 | $470,000 | 1,242.9% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $450,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $205,000 | $445,000 | 117.1% | 0.1% |
| Bank Independent | $550,000 | $435,000 | -20.9% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $435,000 | n/a | 0.1% | |
| North American Savings Bank, F.S.B. | $455,000 | $425,000 | -6.6% | 0.1% |
| Gateway First Bank | $485,000 | $400,000 | -17.5% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $395,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $1,415,000 | $380,000 | -73.1% | 0.1% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $375,000 | n/a | 0.1% | |
| Bank of America | $690,000 | $370,000 | -46.4% | 0.1% |
| Figure Lending LLC | $220,000 | $370,000 | 68.2% | 0.1% |
| AMERICAN FINANCING CORPORATION | $720,000 | $365,000 | -49.3% | 0.1% |
| Chicago Patrolmen's Federal Credit Union | $365,000 | n/a | 0.1% | |
| Premier Bank of the South | $1,360,000 | $365,000 | -73.2% | 0.1% |
| The Federal Savings Bank | $1,050,000 | $365,000 | -65.2% | 0.1% |
| TOTAL MORTGAGE SERVICES, LLC | $365,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $1,400,000 | $360,000 | -74.3% | 0.1% |
| FIRST COLONY MORTGAGE CORPORATION | $355,000 | n/a | 0.1% | |
| First South Farm Credit, ACA | $145,000 | $350,000 | 141.4% | 0.1% |
| Traditions Bank | $665,000 | $340,000 | -48.9% | 0.1% |
| Total Media Management, LLC | $410,000 | $325,000 | -20.7% | 0.1% |
| MILEND, INC. | $320,000 | n/a | 0.1% | |
| THE MORTGAGE FIRM, INC. | $320,000 | n/a | 0.1% | |
| Legends Bank | $315,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $195,000 | $305,000 | 56.4% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $305,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $305,000 | n/a | 0.1% | |
| APCO EMPLOYEES | $290,000 | n/a | 0.1% | |
| AMWEST FUNDING CORP. | $285,000 | n/a | 0.1% | |
| ACOPIA, LLC | $465,000 | $275,000 | -40.9% | 0.1% |
| Bank of England | $695,000 | $275,000 | -60.4% | 0.1% |
| Pinnacle Bank | $255,000 | $275,000 | 7.8% | 0.1% |
| DAS Acquisition Company, LLC | $270,000 | n/a | 0.1% | |
| American Mortgage & Equity Consultants, Inc. | $255,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $510,000 | $255,000 | -50.0% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $255,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $240,000 | n/a | 0.1% | |
| EMM LOANS LLC | $235,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $185,000 | $215,000 | 16.2% | 0.1% |
| Discover Bank | $155,000 | $215,000 | 38.7% | 0.1% |
| RESIDENTIAL BANCORP | $225,000 | $215,000 | -4.4% | 0.1% |
| Coastal Community Bank | $205,000 | n/a | 0.1% | |
| Morgan Stanley Private Bank | $775,000 | $205,000 | -73.5% | 0.1% |
| ISERVE RESIDENTIAL LENDING, LLC | $805,000 | $195,000 | -75.8% | 0.1% |
| Prosperity Home Mortgage, LLC | $195,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $175,000 | $185,000 | 5.7% | 0.1% |
| S1L, Inc. | $185,000 | n/a | 0.1% | |
| The Loan Store, Inc. | $185,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $175,000 | n/a | 0.0% | |
| First National Bank of America | $175,000 | n/a | 0.0% | |
| Metro City Bank | $175,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $175,000 | n/a | 0.0% | |
| STOCKTON MORTGAGE CORPORATION | $535,000 | $175,000 | -67.3% | 0.0% |
| ALABAMA CREDIT UNION | $170,000 | n/a | 0.0% | |
| CSL Financial, LLC | $375,000 | $170,000 | -54.7% | 0.0% |
| AVADIAN | $470,000 | $165,000 | -64.9% | 0.0% |
| SPRING EQ, LLC | $170,000 | $165,000 | -2.9% | 0.0% |
| JPMorgan Chase Bank | $260,000 | $155,000 | -40.4% | 0.0% |
| Plains Commerce Bank | $155,000 | n/a | 0.0% | |
| The Huntington National Bank | $375,000 | $155,000 | -58.7% | 0.0% |
| Ameris Bank | $1,325,000 | $145,000 | -89.1% | 0.0% |
| Citadel Servicing Corporation | $145,000 | n/a | 0.0% | |
| Consumer First Mortgage, Inc. | $650,000 | $145,000 | -77.7% | 0.0% |
| UNIFY FINANCIAL Credit Union | $145,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $125,000 | n/a | 0.0% | |
| FIRST STATE MORTGAGE SERVICES, LLC | $125,000 | n/a | 0.0% | |
| North Alabama Bank | $125,000 | n/a | 0.0% | |
| Wolfe Financial, Inc | $125,000 | n/a | 0.0% | |
| HomeTrust Bank | $115,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $105,000 | n/a | 0.0% | |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $105,000 | n/a | 0.0% | |
| DELMAR FINANCIAL COMPANY | $215,000 | $95,000 | -55.8% | 0.0% |
| MORTGAGE MANAGEMENT CONSULTANTS, INC. | $475,000 | $95,000 | -80.0% | 0.0% |
| Central State Bank | $85,000 | n/a | 0.0% | |
| GTE Federal Credit Union | $85,000 | n/a | 0.0% | |
| Nations Lending Corporation | $370,000 | $75,000 | -79.7% | 0.0% |
| Community First National Bank | $65,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $65,000 | n/a | 0.0% | |
| SUPERIOR CHOICE | $65,000 | n/a | 0.0% | |
| Tyndall Federal Credit Union | $45,000 | n/a | 0.0% |
Albertville's top lender by overall market share is GUARANTEED RATE, INC., with 6.0% market share. In second place, with 5.9%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $21,335,000 in loans. In third place, with 5.1%, is REDSTONE Federal Credit Union, having originated $18,670,000 in loans. In fourth place, with 5.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $18,480,000 in loans. In fifth place, with 4.9%, is FirstBank, having originated $17,900,000 in loans.
Albertville, AL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,072 | $250,340,000 | $233,526 |
| Refi | 244 | $45,760,000 | $187,541 |
| Cash Out Refi | 229 | $42,505,000 | $185,611 |
| Other | 152 | $13,280,000 | $87,368 |
| Home Improvement | 142 | $11,070,000 | $77,958 |
Albertville's most frequently cited loan purpose was Home Purchase, with 1,072 originations. The 2nd most popular reason was Refi, with 244 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 600 | $135,840,000 | $226,400 |
| Over 8% | 392 | $40,260,000 | $102,704 |
| 7-8% | 384 | $73,760,000 | $192,083 |
| 5-6% | 259 | $62,845,000 | $242,645 |
| 4-5% | 29 | $10,385,000 | $358,103 |
| <2.5% | 2 | $190,000 | $95,000 |
| 2.5-3% | 2 | $610,000 | $305,000 |
During 2023, Albertville's most frequently originated rate bucket was 6-7%, with 600 originations.
Loan Sizing (Albertville, AL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 655 | $98,035,000 | $149,672 |
| $200k-400k | 544 | $146,310,000 | $268,952 |
| $100,000 or less | 500 | $28,620,000 | $57,240 |
| $400k-600k | 92 | $44,020,000 | $478,478 |
| $600k-1000k | 38 | $27,120,000 | $713,684 |
| $Over $1MM | 10 | $18,850,000 | $1,885,000 |
Albertville's loan sizing saw the bucket of loans from $100k-200k with 655 originations, totaling $98,035,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 747 | $175,045,000 | $234,331 |
| 60-80% | 340 | $82,410,000 | $242,382 |
| 20-40% | 198 | $19,680,000 | $99,394 |
| Under 20% | 187 | $8,205,000 | $43,877 |
| 40-60% | 145 | $25,295,000 | $174,448 |
| Over 100% | 45 | $12,455,000 | $276,778 |
Albertville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 747 originations, totaling $175,045,000 in origination value.