Alexander City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Alexander City averaged
7.04%
for the week of 2025-05-22, compared to the national average of
6.86% for the same period.
The average rate for the prior week (2025-05-15) was
7.09% and
one month ago for the week of 2025-04-17, the
average rate was 7.11%.
Alexander City's average rate one year ago was 7.1%.
For refis of the same type during the week of 2025-05-22, the average rate
was 7.16%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-05-22 | 6.86% |
| Alexander City 30 Year Fixed Rate | 2025-05-22 | 7.04% |
| Alexander City 30 Year Fixed Rate Refi | 2025-05-22 | 7.16% |
| Alexander City 15 Year Fixed Rate | 2025-05-22 | 6.01% |
| Alexander City 15 Year Fixed Rate Refi | 2025-05-22 | 6.01% |
| Alexander City 30 Year FHA | 2025-05-22 | 6.63% |
| Alexander City 30 Year FHA Refi | 2025-05-22 | 6.81% |
| Alexander City 30 Year USDA | 2025-05-22 | 6.53% |
| Alexander City 30 Year USDA Refi | 2025-05-22 | 6.43% |
| Alexander City 30 Year VA | 2025-05-22 | 6.42% |
| Alexander City 30 Year VA Refi | 2025-05-22 | 6.52% |
Alexander City 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 Alexander City, 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.).
Alexander City Average Closing Costs & Other Stats
Alexander City, AL's 86 lenders originated 960
loans during 2024. The total origination value was $276,180,000, with an average loan value of
$287,688.
Alexander City's average closing costs are $4,854.
The top Alexander City lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
70 loans originated. Their average total fees are
$6,840, which is $553
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Alexander City lenders (with over 10 loans originated) are
MORIA DEVELOPMENT, INC. ($4,863), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,345), River Bank & Trust ($5,636), UNITED WHOLESALE MORTGAGE, LLC ($6,840) and QUICKEN LOANS, LLC ($7,392).
The lowest rate Alexander City lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.84%), QUICKEN LOANS, LLC (6.84%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (7.10%), MORIA DEVELOPMENT, INC. (7.18%) and River Bank & Trust (8.18%).
Alexander City, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $32,360,000 | $41,750,000 | 29.0% | 15.1% |
| River Bank & Trust | $31,840,000 | $14,270,000 | -55.2% | 5.2% |
| QUICKEN LOANS, LLC | $8,565,000 | $9,465,000 | 10.5% | 3.4% |
| Renasant Bank | $12,470,000 | $9,370,000 | -24.9% | 3.4% |
| MAX Credit Union | $1,475,000 | $8,995,000 | 509.8% | 3.3% |
| Regions Bank | $10,190,000 | $8,875,000 | -12.9% | 3.2% |
| Synovus Bank | $3,420,000 | $8,330,000 | 143.6% | 3.0% |
| CMG MORTGAGE, INC. | $800,000 | $6,915,000 | 764.4% | 2.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $6,585,000 | $6,405,000 | -2.7% | 2.3% |
| BancorpSouth | $7,175,000 | $6,385,000 | -11.0% | 2.3% |
| PENNYMAC LOAN SERVICES, LLC | $4,290,000 | $6,320,000 | 47.3% | 2.3% |
| ServisFirst Bank | $655,000 | $6,075,000 | 827.5% | 2.2% |
| MORIA DEVELOPMENT, INC. | $5,630,000 | n/a | 2.0% | |
| CROSSCOUNTRY MORTGAGE, LLC | $1,935,000 | $5,165,000 | 166.9% | 1.9% |
| Troy Bank and Trust Company | $405,000 | $4,735,000 | 1,069.1% | 1.7% |
| GUILD MORTGAGE COMPANY | $1,850,000 | $4,600,000 | 148.6% | 1.7% |
| First Community Bank of Central Alabama | $610,000 | $4,535,000 | 643.4% | 1.6% |
| Stifel Bank and Trust | $1,595,000 | $4,470,000 | 180.3% | 1.6% |
| Truist | $8,385,000 | $4,060,000 | -51.6% | 1.5% |
| Trustmark National Bank | $8,755,000 | $3,950,000 | -54.9% | 1.4% |
| 21ST MORTGAGE CORPORATION | $3,825,000 | $3,730,000 | -2.5% | 1.4% |
| NEWREZ LLC | $1,305,000 | $3,290,000 | 152.1% | 1.2% |
| AuburnBank | $3,755,000 | $3,235,000 | -13.8% | 1.2% |
| Wells Fargo Bank | $1,750,000 | $3,035,000 | 73.4% | 1.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $3,195,000 | $2,625,000 | -17.8% | 1.0% |
| CB&S Bank, Inc. | $2,655,000 | $2,385,000 | -10.2% | 0.9% |
| The First, A National Banking Association | $2,255,000 | n/a | 0.8% | |
| PNC Bank | $3,620,000 | $2,195,000 | -39.4% | 0.8% |
| FirstBank | $3,115,000 | $2,120,000 | -31.9% | 0.8% |
| First Horizon Bank | $1,105,000 | $2,115,000 | 91.4% | 0.8% |
| South State Bank | $1,160,000 | $1,925,000 | 65.9% | 0.7% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,305,000 | $1,895,000 | -17.8% | 0.7% |
| Valley National Bank | $695,000 | $1,835,000 | 164.0% | 0.7% |
| AVADIAN | $495,000 | $1,805,000 | 264.6% | 0.7% |
| MOVEMENT MORTGAGE, LLC | $5,355,000 | $1,785,000 | -66.7% | 0.6% |
| Flagstar Bank, FSB | $3,410,000 | $1,770,000 | -48.1% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $950,000 | $1,705,000 | 79.5% | 0.6% |
| Southern States Bank | $225,000 | $1,605,000 | 613.3% | 0.6% |
| Guardian Credit Union | $3,010,000 | $1,570,000 | -47.8% | 0.6% |
| LAKEVIEW LOAN SERVICING, LLC | $85,000 | $1,560,000 | 1,735.3% | 0.6% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,460,000 | n/a | 0.5% | |
| NexBank | $265,000 | $1,460,000 | 450.9% | 0.5% |
| EMM LOANS LLC | $620,000 | $1,445,000 | 133.1% | 0.5% |
| Assurance Financial Group, L.L.C. | $650,000 | $1,425,000 | 119.2% | 0.5% |
| USAA Federal Savings Bank | $325,000 | $1,405,000 | 332.3% | 0.5% |
| The Loan Store, Inc. | $1,355,000 | n/a | 0.5% | |
| Charles Schwab Bank, SSB | $1,315,000 | n/a | 0.5% | |
| LOANDEPOT.COM, LLC | $1,620,000 | $1,315,000 | -18.8% | 0.5% |
| SOUTHWEST STAGE FUNDING, LLC | $845,000 | $1,310,000 | 55.0% | 0.5% |
| SouthPoint Bank | $925,000 | $1,260,000 | 36.2% | 0.5% |
| TOWNE MORTGAGE COMPANY | $1,250,000 | n/a | 0.5% | |
| DELTA COMMUNITY CREDIT UNION | $2,815,000 | $1,070,000 | -62.0% | 0.4% |
| Mortgage Research Center, LLC | $2,200,000 | $1,070,000 | -51.4% | 0.4% |
| Citizens Bank | $895,000 | $1,065,000 | 19.0% | 0.4% |
| Bank 7 | $1,005,000 | n/a | 0.4% | |
| United Community Bank | $160,000 | $1,005,000 | 528.1% | 0.4% |
| TRIAD FINANCIAL SERVICES, INC. | $1,405,000 | $985,000 | -29.9% | 0.4% |
| Alabama One Credit Union | $270,000 | $960,000 | 255.6% | 0.3% |
| Heritage South Credit Union | $1,470,000 | $950,000 | -35.4% | 0.3% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $410,000 | $920,000 | 124.4% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $225,000 | $850,000 | 277.8% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $990,000 | $825,000 | -16.7% | 0.3% |
| PHH Mortgage Corporation | $780,000 | n/a | 0.3% | |
| Acre Mortgage and Financial Inc | $765,000 | n/a | 0.3% | |
| FOUNDATION MORTGAGE CORPORATION | $715,000 | n/a | 0.3% | |
| Sierra Pacific Mortgage Company, Inc. | $715,000 | n/a | 0.3% | |
| GMFS LLC | $2,610,000 | $700,000 | -73.2% | 0.3% |
| First Federal Bank, A FSB | $695,000 | n/a | 0.3% | |
| GoPrime Mortgage, Inc. | $695,000 | n/a | 0.3% | |
| CARDINAL FINANCIAL | $255,000 | $690,000 | 170.6% | 0.2% |
| Carrington Mortgage Services, LLC | $605,000 | $690,000 | 14.0% | 0.2% |
| NEW DAY FINANCIAL, LLC | $1,460,000 | $690,000 | -52.7% | 0.2% |
| SWBC MORTGAGE CORPORATION | $690,000 | n/a | 0.2% | |
| AMERICA'S FIRST | $175,000 | $670,000 | 282.9% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $2,735,000 | $665,000 | -75.7% | 0.2% |
| U.S. Bank | $5,120,000 | $655,000 | -87.2% | 0.2% |
| BETTER MORTGAGE CORPORATION | $615,000 | n/a | 0.2% | |
| MICHIGAN MUTUAL, INC. | $605,000 | n/a | 0.2% | |
| STOCKTON MORTGAGE CORPORATION | $285,000 | $605,000 | 112.3% | 0.2% |
| AUBURN UNIVERSITY CREDIT UNION | $190,000 | $595,000 | 213.2% | 0.2% |
| ALABAMA CREDIT UNION | $585,000 | n/a | 0.2% | |
| TJC Mortgage, Inc. | $325,000 | $560,000 | 72.3% | 0.2% |
| American Mortgage & Equity Consultants, Inc. | $555,000 | n/a | 0.2% | |
| Figure Lending LLC | $120,000 | $545,000 | 354.2% | 0.2% |
| GENEVA FINANCIAL, LLC | $545,000 | n/a | 0.2% | |
| Colony Bank | $305,000 | $525,000 | 72.1% | 0.2% |
| BROKER SOLUTIONS, INC. | $805,000 | $515,000 | -36.0% | 0.2% |
| Bryant Bank | $515,000 | n/a | 0.2% | |
| Old National Bank | $515,000 | n/a | 0.2% | |
| River City Bank | $155,000 | $505,000 | 225.8% | 0.2% |
| EVANSVILLE TEACHERS | $500,000 | n/a | 0.2% | |
| SmartBank | $495,000 | n/a | 0.2% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $490,000 | n/a | 0.2% | |
| First South Farm Credit, ACA | $1,120,000 | $485,000 | -56.7% | 0.2% |
| BankPlus | $455,000 | n/a | 0.2% | |
| Farmers Bank & Trust | $455,000 | n/a | 0.2% | |
| INTERLINC MORTGAGE SERVICES, LLC | $455,000 | n/a | 0.2% | |
| MID AMERICA MORTGAGE, INC. | $450,000 | n/a | 0.2% | |
| EVERETT FINANCIAL, INC. | $440,000 | n/a | 0.2% | |
| RUOFF MORTGAGE COMPANY, INC. | $430,000 | n/a | 0.2% | |
| Marion Bank & Trust Company | $595,000 | $395,000 | -33.6% | 0.1% |
| Mutual Savings Credit Union | $845,000 | $390,000 | -53.8% | 0.1% |
| CIS Financial Services, Inc. | $255,000 | $365,000 | 43.1% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $355,000 | n/a | 0.1% | |
| Keystone Funding, Inc. | $245,000 | $355,000 | 44.9% | 0.1% |
| Discover Bank | $430,000 | $345,000 | -19.8% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $285,000 | $335,000 | 17.5% | 0.1% |
| First Federal Bank | $315,000 | n/a | 0.1% | |
| Central State Bank | $1,365,000 | $310,000 | -77.3% | 0.1% |
| Coastal Community Bank | $120,000 | $305,000 | 154.2% | 0.1% |
| Hamilton Mortgage Corporation | $280,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $195,000 | $280,000 | 43.6% | 0.1% |
| CANOPY MORTGAGE, LLC | $275,000 | n/a | 0.1% | |
| HONDA Federal Credit Union | $45,000 | $275,000 | 511.1% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $265,000 | n/a | 0.1% | |
| M&T Bank | $95,000 | $265,000 | 178.9% | 0.1% |
| CSL Financial, LLC | $205,000 | $255,000 | 24.4% | 0.1% |
| NORWICH COMMERCIAL GROUP, INC. | $255,000 | n/a | 0.1% | |
| Florida Capital Bank | $245,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $235,000 | n/a | 0.1% | |
| CITIZENS EQUITY FIRST | $215,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $435,000 | $205,000 | -52.9% | 0.1% |
| PeoplesSouth Bank | $205,000 | n/a | 0.1% | |
| OPEN MORTGAGE, LLC | $195,000 | n/a | 0.1% | |
| THE MORTGAGE FIRM, INC. | $195,000 | n/a | 0.1% | |
| APCO EMPLOYEES | $720,000 | $185,000 | -74.3% | 0.1% |
| THE SOUTHERN Credit Union | $185,000 | n/a | 0.1% | |
| Bank of America | $1,250,000 | $180,000 | -85.6% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $175,000 | n/a | 0.1% | |
| ALABAMA STATE EMPLOYEES CREDIT UNION | $180,000 | $165,000 | -8.3% | 0.1% |
| AMERIFIRST BANK | $565,000 | $165,000 | -70.8% | 0.1% |
| HUNT MORTGAGE CORPORATION | $165,000 | n/a | 0.1% | |
| LOANPAL, LLC | $165,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $165,000 | n/a | 0.1% | |
| Loan Simple, Inc. | $155,000 | n/a | 0.1% | |
| BAY EQUITY LLC | $1,215,000 | $145,000 | -88.1% | 0.1% |
| Morgan Stanley Private Bank | $5,335,000 | $145,000 | -97.3% | 0.1% |
| Prosperity Home Mortgage, LLC | $385,000 | $145,000 | -62.3% | 0.1% |
| ZILLOW HOME LOANS, LLC | $145,000 | n/a | 0.1% | |
| JPMorgan Chase Bank | $2,665,000 | $125,000 | -95.3% | 0.0% |
| The Federal Savings Bank | $125,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $260,000 | $115,000 | -55.8% | 0.0% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $115,000 | $115,000 | 0.0% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $185,000 | $105,000 | -43.2% | 0.0% |
| UNION HOME MORTGAGE CORP. | $375,000 | $105,000 | -72.0% | 0.0% |
| MidSouth Bank | $95,000 | n/a | 0.0% | |
| First Bank of Alabama | $240,000 | $85,000 | -64.6% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $645,000 | $75,000 | -88.4% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $75,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $55,000 | n/a | 0.0% |
Alexander City's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 15.1% market share. In second place, with 5.2%, is River Bank & Trust, having originated $14,270,000 in loans. In third place, with 3.4%, is QUICKEN LOANS, LLC, having originated $9,465,000 in loans. In fourth place, with 3.4%, is Renasant Bank, having originated $9,370,000 in loans. In fifth place, with 3.3%, is MAX Credit Union, having originated $8,995,000 in loans.
Alexander City, AL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 560 | $187,020,000 | $333,964 |
| Cash Out Refi | 131 | $23,725,000 | $181,107 |
| Refi | 125 | $44,705,000 | $357,640 |
| Home Improvement | 79 | $10,535,000 | $133,354 |
| Other | 65 | $10,195,000 | $156,846 |
Alexander City's most frequently cited loan purpose was Home Purchase, with 560 originations. The 2nd most popular reason was Cash Out Refi, with 131 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 356 | $115,590,000 | $324,691 |
| 7-8% | 194 | $72,750,000 | $375,000 |
| Over 8% | 180 | $24,180,000 | $134,333 |
| 5-6% | 166 | $45,080,000 | $271,566 |
| 4-5% | 25 | $4,065,000 | $162,600 |
| <2.5% | 2 | $10,000 | $5,000 |
| 3-4% | 1 | $725,000 | $725,000 |
| 2.5-3% | 1 | $265,000 | $265,000 |
During 2024, Alexander City's most frequently originated rate bucket was 6-7%, with 356 originations.
Loan Sizing (Alexander City, AL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 300 | $43,540,000 | $145,133 |
| $100,000 or less | 241 | $13,645,000 | $56,618 |
| $200k-400k | 207 | $57,905,000 | $279,734 |
| $400k-600k | 90 | $43,860,000 | $487,333 |
| $600k-1000k | 84 | $62,270,000 | $741,310 |
| $Over $1MM | 38 | $54,960,000 | $1,446,316 |
Alexander City's loan sizing saw the bucket of loans from $100k-200k with 300 originations, totaling $43,540,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 360 | $100,410,000 | $278,917 |
| 60-80% | 188 | $80,460,000 | $427,979 |
| 40-60% | 120 | $40,420,000 | $336,833 |
| 20-40% | 116 | $23,020,000 | $198,448 |
| Under 20% | 107 | $9,345,000 | $87,336 |
| Over 100% | 13 | $5,465,000 | $420,385 |
Alexander City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 360 originations, totaling $100,410,000 in origination value.