Alexander City Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Alexander City averaged 6.82% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

The average rate for the prior week (2025-03-27) was 6.73% and one month ago for the week of 2025-02-27, the average rate was 7.04%.

Alexander City's average rate one year ago was 6.97%.

For refis of the same type during the week of 2025-04-03, the average rate was 6.84%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-04-03 6.64%
Alexander City 30 Year Fixed Rate 2025-04-03 6.82%
Alexander City 30 Year Fixed Rate Refi 2025-04-03 6.84%
Alexander City 15 Year Fixed Rate 2025-04-03 5.62%
Alexander City 15 Year Fixed Rate Refi 2025-04-03 6.32%
Alexander City 30 Year FHA 2025-04-03 5.98%
Alexander City 30 Year FHA Refi 2025-04-03 6.16%
Alexander City 30 Year USDA 2025-04-03 6.12%
Alexander City 30 Year USDA Refi 2025-04-03 6.42%
Alexander City 30 Year VA 2025-04-03 6.06%
Alexander City 30 Year VA Refi 2025-04-03 5.86%
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 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.).

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 70 6.84% $6,840
QUICKEN LOANS, LLC 22 6.84% $7,392
River Bank & Trust 18 8.18% $5,636
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 15 7.10% $5,345
MORIA DEVELOPMENT, INC. 10 7.18% $4,863
Renasant Bank 8 6.73% $4,429
NEWREZ LLC 8 7.00% $3,076
NexBank 8 6.57% $6,512
21ST MORTGAGE CORPORATION 7 8.48% $5,825
Regions Bank 7 6.79% $10,899
BancorpSouth 7 6.71% $5,563
CMG MORTGAGE, INC. 7 6.94% $9,365
PENNYMAC LOAN SERVICES, LLC 7 7.12% $3,900
Wells Fargo Bank 7 6.75% $6,776
GUILD MORTGAGE COMPANY 6 6.94% $6,941
FIRST COMMUNITY MORTGAGE, INC. 6 6.58% $3,959
Synovus Bank 5 6.48% $5,300
Troy Bank and Trust Company 5 7.06% $6,494
ServisFirst Bank 4 7.31% $7,663
CROSSCOUNTRY MORTGAGE, LLC 4 6.97% $8,548
Stifel Bank and Trust 4 5.69% $3,719
Heritage South Credit Union 4 8.06% $2,339
Trustmark National Bank 4 6.44% $4,495
EMM LOANS LLC 3 6.79% $9,972
MAX Credit Union 3 6.38% $5,035
Alabama One Credit Union 3 6.38% $3,699
TOWNE MORTGAGE COMPANY 3 7.29% $6,965
Mr. Cooper ( Nationstar Mortgage ) 3 6.82% $5,834
Truist 3 5.99% $7,153
LAKEVIEW LOAN SERVICING, LLC 3 7.33% $5,667
MOVEMENT MORTGAGE, LLC 3 6.75% $3,931
NAVY FEDERAL CREDIT UNION 2 6.31% $1,577
Assurance Financial Group, L.L.C. 2 7.06% $5,679
AMERICAN FINANCIAL NETWORK, INC. 2 7.13% $5,640
PNC Bank 2 7.00% $4,505
DELTA COMMUNITY CREDIT UNION 2 6.38% $6,518
First Horizon Bank 2 6.94% $3,302
AVADIAN 2 6.20% $12,161
PHH Mortgage Corporation 2 6.94% $7,991
Valley National Bank 2 6.13% $4,234
STOCKTON MORTGAGE CORPORATION 2 7.06% $4,007
SWBC MORTGAGE CORPORATION 2 7.75% $5,746
CB&S Bank, Inc. 2 6.31% $3,375
The Loan Store, Inc. 2 7.12% $9,433
VANDERBILT MORTGAGE AND FINANCE, INC. 2 7.44% $5,832
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.13% $6,191
Acre Mortgage and Financial Inc 1 7.50% $8,954
ALABAMA CREDIT UNION 1 5.63% $3,742
American Mortgage & Equity Consultants, Inc. 1 6.88% $16,054
AMERICA'S FIRST 1 6.75% $2,043
Barrington Bank & Trust Company, N.A. 1 8.63% $4,741
BETTER MORTGAGE CORPORATION 1 8.00% $18,443
CANOPY MORTGAGE, LLC 1 6.25% $9,207
Century Mortgage Company DBA Century Lending Company 1 6.38% $3,493
Charles Schwab Bank, SSB 1 6.38% $4,054
CHURCHILL MORTGAGE CORPORATION 1 6.63% $8,371
Citizens Bank 1 6.88% $11,459
CITIZENS EQUITY FIRST 1 6.38% $2,965
Colony Bank 1 6.13% $7,156
FirstBank 1 6.99% $3,468
First Federal Bank 1 6.63% $3,528
First Federal Bank, A FSB 1 7.13% $11,381
Flagstar Bank, FSB 1 7.00% $2,367
Florida Capital Bank 1 6.99% $8,032
FOUNDATION MORTGAGE CORPORATION 1 6.50% $4,079
FREEDOM MORTGAGE CORPORATION 1 6.75% $14,780
GENEVA FINANCIAL, LLC 1 7.63% $16,970
GMFS LLC 1 6.38% $375
GUARANTEED RATE AFFINITY, LLC 1 7.63% $6,788
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.88% $4,859
HONDA Federal Credit Union 1 6.63% $3,150
INTERLINC MORTGAGE SERVICES, LLC 1 7.49% $7,870
JPMorgan Chase Bank 1 6.25% $4,994
Keystone Funding, Inc. 1 6.99% $12,502
LOANDEPOT.COM, LLC 1 7.38% $6,153
MICHIGAN MUTUAL, INC. 1 6.13% $14,206
Morgan Stanley Private Bank 1 7.00% $3,399
Mortgage Research Center, LLC 1 7.63% $7,111
Old National Bank 1 6.50% $6,109
PREMIA MORTGAGE, LLC 1 7.13% $0
RUOFF MORTGAGE COMPANY, INC. 1 5.88% $4,944
Sierra Pacific Mortgage Company, Inc. 1 6.99% $14,848
SouthPoint Bank 1 7.75% $11,528
THE MORTGAGE FIRM, INC. 1 6.88% $3,668
TJC Mortgage, Inc. 1 7.13% $6,808
U.S. Bank 1 6.63% $7,006

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.