Alexander City Mortgage Rates

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

30 Year Fixed Rate mortgages in Alexander City averaged 5.76% 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 6.13% and one month ago for the week of 2022-05-19, the average rate was 5.2%.

Alexander City's average rate one year ago was 3.14%.

For refis of the same type during the week of 2022-06-23, the average rate was 5.96%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Alexander City 30 Year Fixed Rate 2022-06-23 5.76%
Alexander City 30 Year Fixed Rate Refi 2022-06-23 5.96%
Alexander City 15 Year Fixed Rate 2022-06-23 5.82%
Alexander City 15 Year Fixed Rate Refi 2022-06-23 5.14%
Alexander City 30 Year FHA 2022-06-23 -0.13%
Alexander City 30 Year FHA Refi 2022-06-23 -0.04%
Alexander City 30 Year USDA 2022-06-23 0.56%
Alexander City 30 Year USDA Refi 2022-06-23 0.1%
Alexander City 30 Year VA 2022-06-23 0.38%
Alexander City 30 Year VA Refi 2022-06-23 -0.16%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Alexander City, AL.

Alexander City 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 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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
UNITED WHOLESALE MORTGAGE, LLC 165 3.11% $4,212
Regions Bank 52 3.10% $4,411
QUICKEN LOANS, LLC 43 3.04% $4,709
River Bank & Trust 30 3.53% $4,368
Renasant Bank 28 3.17% $3,522
PENNYMAC LOAN SERVICES, LLC 23 2.91% $3,556
CROSSCOUNTRY MORTGAGE, LLC 22 3.22% $4,612
Truist Bank 21 2.91% $3,344
Wells Fargo Bank 21 3.41% $3,076
FIRST COMMUNITY MORTGAGE, INC. 21 3.20% $3,816
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 19 3.12% $3,320
SouthPoint Bank 18 2.99% $2,810
MOVEMENT MORTGAGE, LLC 17 3.05% $4,272
Trustmark National Bank 17 3.12% $3,478
CMG MORTGAGE, INC. 14 2.97% $8,545
LOANDEPOT.COM, LLC 14 2.70% $5,882
GUILD MORTGAGE COMPANY 14 3.18% $3,570
AMERISAVE MORTGAGE CORPORATION 11 2.89% $4,678
MAX Credit Union 10 3.09% $4,170
HOME POINT FINANCIAL CORPORATION 10 2.86% $5,291
GMFS LLC 9 2.92% $3,390
Flagstar Bank, FSB 9 3.21% $3,223
South State Bank 9 3.19% $3,423
Valley National Bank 9 3.24% $3,316
INTERLINC MORTGAGE SERVICES, LLC 8 3.52% $2,719
PNC Bank 8 2.94% $4,307
CALIBER HOME LOANS, INC. 7 3.21% $3,506
U.S. Bank 7 3.05% $4,751
Synovus Bank 7 2.88% $5,924
ServisFirst Bank 6 3.35% $4,637
Morgan Stanley Private Bank 6 2.63% $4,162
BBVA USA 6 3.15% $3,157
Bank of America 6 2.46% $4,044
Liberty Mortgage Corporation 6 2.88% $2,639
BAY EQUITY LLC 5 3.60% $4,022
BancorpSouth Bank 5 2.98% $3,226
Mr. Cooper ( Nationstar Mortgage ) 5 3.13% $5,322
Hometown Lenders, Inc. 5 3.15% $5,729
Heritage South Credit Union 5 3.70% $2,134
Citizens Bank 5 3.17% $6,350
MORTGAGE INVESTORS GROUP, INC. 5 3.13% $4,767
Ameris Bank 4 3.22% $3,502
Stifel Bank and Trust 4 2.63% $2,757
TJC Mortgage, Inc. 4 3.22% $3,577
AVADIAN 4 3.31% $3,190
GUARANTY HOME MORTGAGE CORPORATION 4 2.84% $3,124
BETTER MORTGAGE CORPORATION 4 2.47% $5,247
BROKER SOLUTIONS, INC. 4 3.56% $3,844
DELTA COMMUNITY CREDIT UNION 3 2.79% $6,799
Prosperity Home Mortgage, LLC 3 2.96% $3,906
Progress Bank and Trust 3 2.88% $4,479
JPMorgan Chase Bank 3 3.00% $5,275
APCO EMPLOYEES 3 3.05% $3,213
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 3.21% $4,060
FREEDOM MORTGAGE CORPORATION 3 3.42% $2,878
First Horizon Bank 3 3.17% $5,163
VANDERBILT MORTGAGE AND FINANCE, INC. 3 3.83% $4,486
Assurance Financial Group, L.L.C. 2 4.06% $4,922
NAVY FEDERAL CREDIT UNION 2 4.38% $3,332
Bryant Bank 2 3.00% $3,331
FirstBank 2 2.99% $2,663
Capital City Home Loans, LLC 2 3.63% $2,968
SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 3.31% $4,332
LAKEVIEW LOAN SERVICING, LLC 2 3.49% $4,031
Consumer First Mortgage, Inc. 2 2.81% $5,423
Quontic Bank 2 5.50% $13,705
NBKC BANK 2 2.87% $2,573
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 2.75% $1,520
CB&S Bank, Inc. 2 2.81% $1,796
CHURCHILL MORTGAGE CORPORATION 2 3.19% $3,823
First Guaranty Mortgage Corporation 2 3.69% $4,716
GUARANTEED RATE, INC. 2 2.87% $3,908
NEWREZ LLC 2 3.18% $3,200
United Community Bank 2 3.25% $6,574
Hamilton Mortgage Corporation 2 2.75% $2,945
AMERICAN INTERNET MORTGAGE, INC. 2 2.63% $2,685
UNION HOME MORTGAGE CORP. 2 3.19% $3,036
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 3.38% $3,378
HOMEOWNERS FINANCIAL GROUP USA, LLC 2 3.75% $3,696
HOMESIDE FINANCIAL, LLC 1 3.00% $3,738
Alabama One Credit Union 1 3.25% $8,004
Alcova Mortgage LLC 1 4.38% $4,099
Ally Bank 1 3.75% $6,760
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.13% $4,374
A Mortgage Boutique, LLC 1 2.75% $4,993
Cadence Bank, N.A. 1 3.25% $6,111
Capitol Federal Savings Bank 1 3.00% $4,010
CELEBRITY HOME LOANS, LLC 1 3.13% $4,480
Citibank 1 2.88% $3,231
Fifth Third Bank 1 2.88% $3,079
First-Citizens Bank & Trust Company 1 2.89% $3,258
First Federal Bank 1 3.38% $3,246
First Federal Bank, A FSB 1 3.00% $4,155
Florida Capital Bank 1 3.38% $4,105
GEORGIA'S OWN 1 3.13% $2,465
Goldwater Bank, N.A. 1 3.63% $4,612
Hancock Whitney Bank 1 3.00% $6,167
ACOPIA, LLC 1 2.75% $3,132
HOMESTAR FINANCIAL CORPORATION 1 2.63% $450
HOMESTEAD FUNDING CORP. 1 3.00% $575
HOMETRUST MORTGAGE COMPANY 1 3.25% $3,585
IAA Credit Union 1 3.38% $2,500
LOANFLIGHT LENDING, LLC 1 2.38% $1,621
Luxury Mortgage Corp. 1 3.63% $16,874
Mortgage Assurance Inc. 1 3.13% $2,091
Nations Lending Corporation 1 3.25% $5,815
Paramount Residential Mortgage Group, Inc. 1 2.38% $10,162
Prime Choice Funding Inc. 1 2.38% $7,033
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.25% $2,817
REDSTONE Federal Credit Union 1 3.00% $2,647
SHELTER MORTGAGE COMPANY, L.L.C. 1 2.88% $2,218
SOFI LENDING CORP. 1 2.88% $2,235
SUCCESS MORTGAGE PARTNERS, INC. 1 2.88% $2,984
The Federal Savings Bank 1 3.38% $2,474
TIAA, FSB 1 2.99% $3,337
Troy Bank and Trust Company 1 5.00% $4,881
Tyndall Federal Credit Union 1 2.88% $1,662

Alexander City, AL's 117 lenders originated 1,873 loans during 2021. The total origination value was $510,975,000, with an average loan value of $272,811.

The top Alexander City lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 165 loans originated. Their average total fees are $4,212, which is $198 lower than the next largest lender, Regions Bank.

The lowest fee Alexander City lenders (with over 10 loans originated) are SouthPoint Bank ($2,810), Wells Fargo Bank ($3,076), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,320), Truist Bank ($3,344) and Trustmark National Bank ($3,478).

The lowest rate Alexander City lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC (2.70%), HOME POINT FINANCIAL CORPORATION (2.86%), AMERISAVE MORTGAGE CORPORATION (2.89%), Truist Bank (2.91%) and PENNYMAC LOAN SERVICES, LLC (2.91%).

Alexander City, AL 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
UNITED WHOLESALE MORTGAGE, LLC $55,005,000 $77,390,000 40.7% 15.1%
Regions Bank $36,015,000 $31,775,000 -11.8% 6.2%
QUICKEN LOANS, LLC $25,720,000 $26,315,000 2.3% 5.1%
River Bank & Trust $19,265,000 $23,895,000 24.0% 4.7%
Renasant Bank $26,785,000 $22,920,000 -14.4% 4.5%
PENNYMAC LOAN SERVICES, LLC $2,405,000 $11,090,000 361.1% 2.2%
LOANDEPOT.COM, LLC $3,630,000 $10,585,000 191.6% 2.1%
Trustmark National Bank $8,845,000 $10,235,000 15.7% 2.0%
Truist Bank $15,340,000 $9,610,000 -37.4% 1.9%
Wells Fargo Bank $4,745,000 $9,005,000 89.8% 1.8%
CROSSCOUNTRY MORTGAGE, LLC $6,085,000 $9,000,000 47.9% 1.8%
MOVEMENT MORTGAGE, LLC $2,335,000 $8,930,000 282.4% 1.7%
FIRST COMMUNITY MORTGAGE, INC. $17,040,000 $8,920,000 -47.7% 1.7%
CMG MORTGAGE, INC. $9,075,000 $8,020,000 -11.6% 1.6%
Synovus Bank $11,660,000 $7,790,000 -33.2% 1.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $17,820,000 $7,585,000 -57.4% 1.5%
GUILD MORTGAGE COMPANY $4,715,000 $6,380,000 35.3% 1.2%
ServisFirst Bank $2,785,000 $6,195,000 122.4% 1.2%
FREEDOM MORTGAGE CORPORATION $6,285,000 $6,165,000 -1.9% 1.2%
GMFS LLC $8,000,000 $6,085,000 -23.9% 1.2%
Mortgage Research Center, LLC $2,180,000 $5,965,000 173.6% 1.2%
South State Bank $11,430,000 $5,425,000 -52.5% 1.1%
SouthPoint Bank $14,910,000 $5,305,000 -64.4% 1.0%
HOME POINT FINANCIAL CORPORATION $4,085,000 $5,250,000 28.5% 1.0%
Morgan Stanley Private Bank $1,715,000 $5,250,000 206.1% 1.0%
AuburnBank $7,355,000 $5,220,000 -29.0% 1.0%
Flagstar Bank, FSB $3,790,000 $5,180,000 36.7% 1.0%
U.S. Bank $2,840,000 $4,905,000 72.7% 1.0%
PNC Bank $4,490,000 $4,840,000 7.8% 0.9%
INTERLINC MORTGAGE SERVICES, LLC $7,630,000 $4,585,000 -39.9% 0.9%
MAX Credit Union $6,390,000 $4,565,000 -28.6% 0.9%
Bank of America $4,130,000 $4,305,000 4.2% 0.8%
AMERISAVE MORTGAGE CORPORATION $2,850,000 $4,250,000 49.1% 0.8%
Valley National Bank $2,750,000 $4,125,000 50.0% 0.8%
BETTER MORTGAGE CORPORATION $1,095,000 $4,000,000 265.3% 0.8%
JPMorgan Chase Bank $3,505,000 $3,485,000 -0.6% 0.7%
BBVA USA $6,455,000 $3,430,000 -46.9% 0.7%
Ameris Bank $2,790,000 $3,355,000 20.3% 0.7%
BancorpSouth Bank $4,285,000 $3,355,000 -21.7% 0.7%
Bryant Bank $1,545,000 $3,300,000 113.6% 0.6%
Heritage South Credit Union $905,000 $3,290,000 263.5% 0.6%
Guardian Credit Union $1,680,000 $3,255,000 93.8% 0.6%
CALIBER HOME LOANS, INC. $1,855,000 $3,055,000 64.7% 0.6%
BAY EQUITY LLC $2,255,000 $2,900,000 28.6% 0.6%
VANDERBILT MORTGAGE AND FINANCE, INC. $2,660,000 $2,820,000 6.0% 0.6%
Liberty Mortgage Corporation $1,835,000 $2,765,000 50.7% 0.5%
21ST MORTGAGE CORPORATION $2,240,000 $2,740,000 22.3% 0.5%
Hometown Lenders, Inc. $1,530,000 $2,660,000 73.9% 0.5%
First Horizon Bank $2,560,000 n/a 0.5%
Citizens Bank $6,745,000 $2,510,000 -62.8% 0.5%
Florida Capital Bank $2,360,000 n/a 0.5%
Mr. Cooper ( Nationstar Mortgage ) $3,055,000 $2,310,000 -24.4% 0.5%
LAKEVIEW LOAN SERVICING, LLC $1,055,000 $2,260,000 114.2% 0.4%
MORTGAGE INVESTORS GROUP, INC. $820,000 $2,235,000 172.6% 0.4%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,325,000 $2,160,000 63.0% 0.4%
AVADIAN $270,000 $2,145,000 694.4% 0.4%
NAVY FEDERAL CREDIT UNION $2,195,000 $1,875,000 -14.6% 0.4%
BROKER SOLUTIONS, INC. $1,345,000 $1,650,000 22.7% 0.3%
TRIAD FINANCIAL SERVICES, INC. $410,000 $1,630,000 297.6% 0.3%
Prosperity Home Mortgage, LLC $1,300,000 $1,590,000 22.3% 0.3%
GUARANTY HOME MORTGAGE CORPORATION $2,460,000 $1,575,000 -36.0% 0.3%
DELTA COMMUNITY CREDIT UNION $895,000 $1,515,000 69.3% 0.3%
Stifel Bank and Trust $1,935,000 $1,485,000 -23.3% 0.3%
TJC Mortgage, Inc. $1,825,000 $1,420,000 -22.2% 0.3%
Hamilton Mortgage Corporation $1,045,000 $1,390,000 33.0% 0.3%
LONGBRIDGE FINANCIAL, LLC $505,000 $1,295,000 156.4% 0.3%
APCO EMPLOYEES $1,035,000 $1,270,000 22.7% 0.2%
SOUTHEAST MORTGAGE OF GEORGIA, INC. $3,470,000 $1,260,000 -63.7% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $925,000 $1,245,000 34.6% 0.2%
First Community Bank of Central Alabama $590,000 $1,245,000 111.0% 0.2%
Central State Bank $2,310,000 $1,235,000 -46.5% 0.2%
FirstBank $2,120,000 $1,220,000 -42.5% 0.2%
CB&S Bank, Inc. $1,885,000 $1,215,000 -35.5% 0.2%
Mutual Savings Credit Union $2,190,000 $1,205,000 -45.0% 0.2%
NEWREZ LLC $3,305,000 $1,180,000 -64.3% 0.2%
USAA Federal Savings Bank $2,065,000 $1,180,000 -42.9% 0.2%
Progress Bank and Trust $355,000 $1,145,000 222.5% 0.2%
Assurance Financial Group, L.L.C. $980,000 n/a 0.2%
HOMESTAR FINANCIAL CORPORATION $825,000 $970,000 17.6% 0.2%
NEW DAY FINANCIAL, LLC $2,115,000 $970,000 -54.1% 0.2%
The Citizens National Bank of Meridian $965,000 n/a 0.2%
NBKC BANK $445,000 $950,000 113.5% 0.2%
CHURCHILL MORTGAGE CORPORATION $250,000 $900,000 260.0% 0.2%
Capital City Home Loans, LLC $145,000 $875,000 503.4% 0.2%
GUARANTEED RATE, INC. $870,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $2,230,000 $860,000 -61.4% 0.2%
HOMEOWNERS FINANCIAL GROUP USA, LLC $185,000 $820,000 343.2% 0.2%
Quontic Bank $820,000 n/a 0.2%
AMERICAN INTERNET MORTGAGE, INC. $305,000 $770,000 152.5% 0.2%
Carrington Mortgage Services, LLC $770,000 n/a 0.2%
Barrington Bank & Trust Company, N.A. $415,000 $750,000 80.7% 0.1%
UNION HOME MORTGAGE CORP. $750,000 n/a 0.1%
United Community Bank $2,575,000 $740,000 -71.3% 0.1%
The Federal Savings Bank $780,000 $730,000 -6.4% 0.1%
PENTAGON FEDERAL CREDIT UNION $405,000 $695,000 71.6% 0.1%
STOCKTON MORTGAGE CORPORATION $2,050,000 $695,000 -66.1% 0.1%
Alabama One Credit Union $165,000 $670,000 306.1% 0.1%
First-Citizens Bank & Trust Company $665,000 n/a 0.1%
RELIANCE FIRST CAPITAL, LLC $660,000 n/a 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $1,135,000 $655,000 -42.3% 0.1%
Capitol Federal Savings Bank $655,000 n/a 0.1%
HOMETRUST MORTGAGE COMPANY $1,290,000 $650,000 -49.6% 0.1%
First Federal Bank $410,000 $635,000 54.9% 0.1%
Luxury Mortgage Corp. $635,000 n/a 0.1%
PeoplesSouth Bank $635,000 n/a 0.1%
Hancock Whitney Bank $3,320,000 $605,000 -81.8% 0.1%
Goldwater Bank, N.A. $3,755,000 $595,000 -84.2% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $565,000 $580,000 2.7% 0.1%
THE SOUTHERN Credit Union $475,000 $545,000 14.7% 0.1%
First Guaranty Mortgage Corporation $570,000 $540,000 -5.3% 0.1%
Prime Choice Funding Inc. $515,000 n/a 0.1%
Sierra Pacific Mortgage Company, Inc. $515,000 n/a 0.1%
Consumer First Mortgage, Inc. $245,000 $500,000 104.1% 0.1%
Plains Commerce Bank $500,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $545,000 $500,000 -8.3% 0.1%
LOANFLIGHT LENDING, LLC $485,000 n/a 0.1%
CELEBRITY HOME LOANS, LLC $475,000 n/a 0.1%
STEARNS LENDING, LLC $475,000 n/a 0.1%
ATLANTA POSTAL $465,000 n/a 0.1%
GEORGIA'S OWN $300,000 $450,000 50.0% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $295,000 $440,000 49.2% 0.1%
Cadence Bank, N.A. $960,000 $435,000 -54.7% 0.1%
Mortgage Assurance Inc. $215,000 $435,000 102.3% 0.1%
Paramount Residential Mortgage Group, Inc. $415,000 n/a 0.1%
AUBURN UNIVERSITY CREDIT UNION $825,000 $395,000 -52.1% 0.1%
VILLAGE CAPITAL & INVESTMENT LLC $590,000 $390,000 -33.9% 0.1%
SOFI LENDING CORP. $370,000 n/a 0.1%
A Mortgage Boutique, LLC $800,000 $365,000 -54.4% 0.1%
CONTOUR MORTGAGE CORPORATION $740,000 $365,000 -50.7% 0.1%
V.I.P. MORTGAGE, INC. $345,000 n/a 0.1%
SOUTHWEST STAGE FUNDING, LLC $525,000 $335,000 -36.2% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $325,000 n/a 0.1%
CLEARPATH LENDING $325,000 n/a 0.1%
The First, A National Banking Association $1,845,000 $325,000 -82.4% 0.1%
FIDELITY BANK $430,000 $315,000 -26.7% 0.1%
Nations Lending Corporation $175,000 $315,000 80.0% 0.1%
LEGACY COMMUNITY FEDERAL CREDIT UNION $295,000 n/a 0.1%
LOANPAL, LLC $295,000 n/a 0.1%
Ally Bank $285,000 n/a 0.1%
ALABAMA CREDIT UNION $280,000 n/a 0.1%
Citibank $115,000 $275,000 139.1% 0.1%
Fifth Third Bank $490,000 $275,000 -43.9% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $325,000 $275,000 -15.4% 0.1%
PLANET HOME LENDING, LLC $500,000 $265,000 -47.0% 0.1%
Troy Bank and Trust Company $185,000 $265,000 43.2% 0.1%
1st Franklin Financial Corporation $185,000 $255,000 37.8% 0.0%
First Bank of Alabama $235,000 n/a 0.0%
REDSTONE Federal Credit Union $815,000 $220,000 -73.0% 0.0%
1ST SIGNATURE LENDING, LLC $205,000 n/a 0.0%
ACOPIA, LLC $205,000 n/a 0.0%
First Federal Bank of Kansas City $455,000 $205,000 -54.9% 0.0%
Tyndall Federal Credit Union $205,000 n/a 0.0%
CSL Financial, LLC $135,000 $195,000 44.4% 0.0%
IAA Credit Union $195,000 n/a 0.0%
SHELTER MORTGAGE COMPANY, L.L.C. $195,000 n/a 0.0%
First Federal Bank, A FSB $105,000 $175,000 66.7% 0.0%
NATIONS RELIABLE LENDING, LLC $170,000 n/a 0.0%
HOMESTEAD FUNDING CORP. $730,000 $165,000 -77.4% 0.0%
EVERETT FINANCIAL, INC. $745,000 $155,000 -79.2% 0.0%
First South Farm Credit, ACA $225,000 $150,000 -33.3% 0.0%
HOMESIDE FINANCIAL, LLC $580,000 $145,000 -75.0% 0.0%
S1L, Inc. $515,000 $145,000 -71.8% 0.0%
HONDA Federal Credit Union $135,000 n/a 0.0%
SUPERIOR CHOICE $135,000 n/a 0.0%
Five Star Credit Union $115,000 n/a 0.0%
Alcova Mortgage LLC $105,000 n/a 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $215,000 $105,000 -51.2% 0.0%
GENEVA FINANCIAL, LLC $75,000 n/a 0.0%
Southern States Bank $270,000 $65,000 -75.9% 0.0%
TIAA, FSB $705,000 $65,000 -90.8% 0.0%
ALABAMA STATE EMPLOYEES CREDIT UNION $55,000 $60,000 9.1% 0.0%
AMERICA'S FIRST $95,000 $55,000 -42.1% 0.0%
Figure Lending LLC $45,000 n/a 0.0%
Discover Bank $35,000 n/a 0.0%
Manufacturers and Traders Trust Company $35,000 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 6.2%, is Regions Bank, having originated $31,775,000 in loans. In third place, with 5.1%, is QUICKEN LOANS, LLC, having originated $26,315,000 in loans. In third place, with 4.7%, is River Bank & Trust, having originated $23,895,000 in loans. In third place, with 4.5%, is Renasant Bank, having originated $22,920,000 in loans.


Alexander City, AL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 816 $235,800,000 $288,971
Refi 604 $156,780,000 $259,570
Cash Out Refi 355 $100,085,000 $281,930
Other 52 $13,000,000 $250,000
Home Improvement 46 $5,310,000 $115,435

Alexander City's most frequently cited loan purpose was Home Purchase, with 816 originations. The 2nd most popular reason was Refi, with 604 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 714 $216,150,000 $302,731
3-4% 621 $177,135,000 $285,242
<2.5% 291 $79,955,000 $274,759
4-5% 81 $15,985,000 $197,346
Over 8% 43 $2,735,000 $63,605
5-6% 31 $3,965,000 $127,903
6-7% 27 $3,325,000 $123,148
7-8% 22 $1,680,000 $76,364

During 2021, Alexander City's most frequently originated rate bucket was 2.5-3%, with 714 originations.

Loan Sizing (Alexander City, AL MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 591 $165,715,000 $280,398
$100k-200k 541 $78,345,000 $144,815
$100,000 or less 346 $22,170,000 $64,075
$400k-600k 270 $132,820,000 $491,926
$600k-1000k 93 $69,085,000 $742,849
$Over $1MM 32 $42,840,000 $1,338,750

Alexander City's loan sizing saw the bucket of loans from $200k-400k with 591 originations, totaling $165,715,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 669 $154,015,000 $230,217
60-80% 580 $191,500,000 $330,172
40-60% 315 $105,835,000 $335,984
20-40% 159 $33,325,000 $209,591
Under 20% 50 $3,940,000 $78,800
Over 100% 15 $3,525,000 $235,000

Alexander City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 669 originations, totaling $154,015,000 in origination value.