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 6.45% for the week of 2024-02-29, compared to the national average of 6.94% for the same period.

The average rate for the prior week (2024-02-22) was 6.71% and one month ago for the week of 2024-01-25, the average rate was 6.4%.

Alexander City's average rate one year ago was 6.14%.

For refis of the same type during the week of 2024-02-29, the average rate was 7.34%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-29 6.94%
Alexander City 30 Year Fixed Rate 2024-02-29 6.45%
Alexander City 30 Year Fixed Rate Refi 2024-02-29 7.34%
Alexander City 15 Year Fixed Rate 2024-02-29 6.06%
Alexander City 15 Year Fixed Rate Refi 2024-02-29 6.36%
Alexander City 30 Year FHA 2024-02-29 6.42%
Alexander City 30 Year FHA Refi 2024-02-29 6.89%
Alexander City 30 Year USDA 2024-02-29 6.53%
Alexander City 30 Year USDA Refi 2024-02-29 6.73%
Alexander City 30 Year VA 2024-02-29 6.62%
Alexander City 30 Year VA Refi 2024-02-29 6.72%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 64 5.08% $5,465
River Bank & Trust 61 4.41% $3,461
QUICKEN LOANS, LLC 30 4.94% $6,372
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 19 5.06% $4,961
Regions Bank 16 4.10% $7,270
Truist 16 4.08% $3,904
MOVEMENT MORTGAGE, LLC 15 4.93% $4,490
CROSSCOUNTRY MORTGAGE, LLC 14 5.20% $5,646
Trustmark National Bank 14 4.20% $3,328
Renasant Bank 12 5.04% $4,452
South State Bank 10 4.41% $9,766
CMG MORTGAGE, INC. 10 4.62% $10,263
Wells Fargo Bank 9 3.93% $3,104
ServisFirst Bank 9 5.26% $8,899
PENNYMAC LOAN SERVICES, LLC 7 4.66% $3,799
GMFS LLC 6 4.63% $3,943
Valley National Bank 6 4.65% $2,746
Stifel Bank and Trust 6 3.15% $3,298
SouthPoint Bank 6 5.23% $10,610
FREEDOM MORTGAGE CORPORATION 5 5.68% $5,043
Morgan Stanley Private Bank 5 3.65% $3,898
Heritage South Credit Union 5 4.55% $2,442
JPMorgan Chase Bank 5 4.22% $7,587
LOANDEPOT.COM, LLC 5 5.02% $4,479
NAVY FEDERAL CREDIT UNION 5 5.03% $3,317
BAY EQUITY LLC 5 5.20% $7,013
Citizens Bank 4 5.19% $3,682
VANDERBILT MORTGAGE AND FINANCE, INC. 4 6.40% $6,014
MAX Credit Union 4 5.22% $5,161
BROKER SOLUTIONS, INC. 4 5.00% $4,512
INTERLINC MORTGAGE SERVICES, LLC 4 3.72% $3,923
BancorpSouth 4 4.22% $4,002
FirstBank 4 5.31% $4,250
GUILD MORTGAGE COMPANY 4 5.59% $4,303
U.S. Bank 3 4.79% $7,021
APCO EMPLOYEES 3 4.33% $3,486
Flagstar Bank, FSB 3 4.21% $3,272
Synovus Bank 3 4.25% $4,371
FIRST COMMUNITY MORTGAGE, INC. 3 3.96% $4,119
ZILLOW HOME LOANS, LLC 2 6.00% $5,544
BETTER MORTGAGE CORPORATION 2 3.25% $4,527
CALIBER HOME LOANS, INC. 2 5.31% $8,576
Carrington Mortgage Services, LLC 2 5.50% $6,817
CERTAINTY HOME LOANS, LLC 2 5.70% $5,304
EMM LOANS LLC 2 5.31% $8,254
Goldwater Bank, N.A. 2 5.50% $7,888
GUARANTY HOME MORTGAGE CORPORATION 2 5.19% $7,051
HOME POINT FINANCIAL CORPORATION 2 4.69% $5,079
Mortgage Research Center, LLC 2 5.75% $6,592
Mr. Cooper ( Nationstar Mortgage ) 2 5.56% $11,254
NEWREZ LLC 2 4.38% $3,993
NexBank 2 6.06% $1,872
PENTAGON FEDERAL CREDIT UNION 2 4.81% $1,905
Sierra Pacific Mortgage Company, Inc. 2 3.44% $3,761
SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 4.50% $5,580
TJC Mortgage, Inc. 2 4.50% $3,634
21ST MORTGAGE CORPORATION 2 7.95% $5,817
First Horizon Bank 1 6.00% $5,700
MORTGAGE INVESTORS GROUP, INC. 1 4.13% $3,417
Assurance Financial Group, L.L.C. 1 4.63% $9,222
First Federal Bank 1 5.75% $3,628
UNION HOME MORTGAGE CORP. 1 3.13% $2,543
NATIONS RELIABLE LENDING, LLC 1 3.75% $3,996
FINANCE OF AMERICA MORTGAGE LLC 1 4.88% $4,300
NBKC BANK 1 5.00% $4,066
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 4.13% $642
AOD Federal Credit Union 1 2.99% $5,444
North American Savings Bank, F.S.B. 1 2.88% $2,274
Northpointe Bank 1 6.50% $3,786
FBC MORTGAGE, LLC 1 3.99% $5,178
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 8.88% $14,818
PHH Mortgage Corporation 1 6.38% $2,677
Pinnacle Bank 1 4.75% $3,371
PNC Bank 1 3.50% $20,745
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.50% $3,455
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.50% $3,612
Prosperity Home Mortgage, LLC 1 5.63% $3,875
EVERETT FINANCIAL, INC. 1 4.88% $2,917
Eco Credit Union 1 3.10% $4,507
EASTMAN 1 3.50% $3,692
Deere Employees Credit Union 1 3.13% $3,689
Community Bank of Mississippi 1 3.75% $3,159
Ameris Bank 1 3.50% $2,685
SOFI LENDING CORP. 1 4.00% $9,372
AMERICAN PACIFIC MORTGAGE CORPORATION 1 8.25% $5,173
Colony Bank 1 5.88% $2,491
City National Bank 1 5.33% $4,611
CHURCHILL MORTGAGE CORPORATION 1 3.25% $4,575
BankPlus 1 7.25% $7,694
THE MORTGAGE FIRM, INC. 1 5.63% $6,652
The Northern Trust Company 1 4.00% $9,506
WINGS FINANCIAL 1 3.88% $3,912
Trinity Oaks Mortgage, LLC 1 5.25% $3,105
Bank of America 1 3.75% $5,086
Hometown Lenders, Inc. 1 6.50% $7,420
IMPAC MORTGAGE CORP. 1 5.99% $4,355
HOMESTAR FINANCIAL CORPORATION 1 5.63% $6,976
Hancock Whitney Bank 1 5.38% $6,763
Lake City Bank 1 4.38% $3,894
HANCOCK MORTGAGE PARTNERS, LLC 1 4.63% $18,761
Goldman Sachs Bank USA 1 3.75% $5,157
Metro City Bank 1 6.88% $3,970
MICHIGAN MUTUAL, INC. 1 3.75% $12,286

Alexander City Average Closing Costs & Other Stats

Alexander City, AL's 103 lenders originated 1,225 loans during 2022. The total origination value was $344,405,000, with an average loan value of $281,147.

Alexander City's average closing costs are $4,389.

The top Alexander City lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 64 loans originated. Their average total fees are $5,465, which is $2,004 higher than the next largest lender, River Bank & Trust.

The lowest fee Alexander City lenders (with over 10 loans originated) are Trustmark National Bank ($3,328), River Bank & Trust ($3,461), Truist ($3,904), Renasant Bank ($4,452) and MOVEMENT MORTGAGE, LLC ($4,490).

The lowest rate Alexander City lenders (with over 10 loans originated) are Truist (4.08%), Regions Bank (4.10%), Trustmark National Bank (4.20%), River Bank & Trust (4.41%) and South State Bank (4.41%).

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
River Bank & Trust $23,895,000 $44,425,000 85.9% 12.9%
UNITED WHOLESALE MORTGAGE, LLC $77,390,000 $36,985,000 -52.2% 10.7%
Regions Bank $31,775,000 $19,540,000 -38.5% 5.7%
South State Bank $5,425,000 $17,490,000 222.4% 5.1%
QUICKEN LOANS, LLC $26,315,000 $11,830,000 -55.0% 3.4%
Renasant Bank $22,920,000 $8,560,000 -62.7% 2.5%
ServisFirst Bank $6,195,000 $8,495,000 37.1% 2.5%
Truist $9,610,000 $8,440,000 -12.2% 2.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $7,585,000 $7,730,000 1.9% 2.2%
Synovus Bank $7,790,000 $7,690,000 -1.3% 2.2%
CROSSCOUNTRY MORTGAGE, LLC $9,000,000 $5,620,000 -37.6% 1.6%
CMG MORTGAGE, INC. $8,020,000 $5,590,000 -30.3% 1.6%
MOVEMENT MORTGAGE, LLC $8,930,000 $5,415,000 -39.4% 1.6%
SouthPoint Bank $5,305,000 $5,205,000 -1.9% 1.5%
Mortgage Research Center, LLC $5,965,000 $4,565,000 -23.5% 1.3%
Trustmark National Bank $10,235,000 $4,485,000 -56.2% 1.3%
BancorpSouth Bank $3,355,000 $4,305,000 28.3% 1.2%
Morgan Stanley Private Bank $5,250,000 $4,145,000 -21.0% 1.2%
Wells Fargo Bank $9,005,000 $4,015,000 -55.4% 1.2%
AuburnBank $5,220,000 $3,835,000 -26.5% 1.1%
PENNYMAC LOAN SERVICES, LLC $11,090,000 $3,710,000 -66.5% 1.1%
LOANDEPOT.COM, LLC $10,585,000 $3,650,000 -65.5% 1.1%
Heritage South Credit Union $3,290,000 $3,640,000 10.6% 1.1%
First Community Bank of Central Alabama $1,245,000 $3,460,000 177.9% 1.0%
Stifel Bank and Trust $1,485,000 $3,305,000 122.6% 1.0%
GUILD MORTGAGE COMPANY $6,380,000 $3,195,000 -49.9% 0.9%
21ST MORTGAGE CORPORATION $2,740,000 $3,180,000 16.1% 0.9%
Community Bank of Mississippi $3,125,000 n/a 0.9%
Central State Bank $1,235,000 $2,900,000 134.8% 0.8%
PNC Bank $4,840,000 $2,845,000 -41.2% 0.8%
JPMorgan Chase Bank $3,485,000 $2,765,000 -20.7% 0.8%
Valley National Bank $4,125,000 $2,765,000 -33.0% 0.8%
VANDERBILT MORTGAGE AND FINANCE, INC. $2,820,000 $2,730,000 -3.2% 0.8%
INTERLINC MORTGAGE SERVICES, LLC $4,585,000 $2,515,000 -45.1% 0.7%
MAX Credit Union $4,565,000 $2,385,000 -47.8% 0.7%
BAY EQUITY LLC $2,900,000 $2,210,000 -23.8% 0.6%
GMFS LLC $6,085,000 $2,155,000 -64.6% 0.6%
HOME POINT FINANCIAL CORPORATION $5,250,000 $2,145,000 -59.1% 0.6%
FirstBank $1,220,000 $2,050,000 68.0% 0.6%
Troy Bank and Trust Company $265,000 $2,045,000 671.7% 0.6%
Guardian Credit Union $3,255,000 $2,015,000 -38.1% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $2,310,000 $1,985,000 -14.1% 0.6%
Mutual Savings Credit Union $1,205,000 $1,960,000 62.7% 0.6%
U.S. Bank $4,905,000 $1,860,000 -62.1% 0.5%
NAVY FEDERAL CREDIT UNION $1,875,000 $1,760,000 -6.1% 0.5%
Flagstar Bank, FSB $5,180,000 $1,755,000 -66.1% 0.5%
Citizens Bank $2,510,000 $1,655,000 -34.1% 0.5%
EMM LOANS LLC $1,645,000 n/a 0.5%
FIRST COMMUNITY MORTGAGE, INC. $8,920,000 $1,490,000 -83.3% 0.4%
FREEDOM MORTGAGE CORPORATION $6,165,000 $1,380,000 -77.6% 0.4%
APCO EMPLOYEES $1,270,000 $1,210,000 -4.7% 0.4%
Goldwater Bank, N.A. $595,000 $1,205,000 102.5% 0.3%
Lake City Bank $1,205,000 n/a 0.3%
USAA Federal Savings Bank $1,180,000 $1,185,000 0.4% 0.3%
BETTER MORTGAGE CORPORATION $4,000,000 $1,180,000 -70.5% 0.3%
Colony Bank $1,005,000 n/a 0.3%
The Northern Trust Company $1,005,000 n/a 0.3%
Ameris Bank $3,355,000 $990,000 -70.5% 0.3%
ACIPCO Federal Credit Union $950,000 n/a 0.3%
Assurance Financial Group, L.L.C. $980,000 $925,000 -5.6% 0.3%
CB&S Bank, Inc. $1,215,000 $900,000 -25.9% 0.3%
BROKER SOLUTIONS, INC. $1,650,000 $890,000 -46.1% 0.3%
TRIAD FINANCIAL SERVICES, INC. $1,630,000 $850,000 -47.9% 0.2%
TJC Mortgage, Inc. $1,420,000 $770,000 -45.8% 0.2%
CREDIT UNION OF GEORGIA $765,000 n/a 0.2%
Goldman Sachs Bank USA $765,000 n/a 0.2%
GUARANTY HOME MORTGAGE CORPORATION $1,575,000 $760,000 -51.7% 0.2%
NEWREZ LLC $1,180,000 $760,000 -35.6% 0.2%
EVERETT FINANCIAL, INC. $155,000 $755,000 387.1% 0.2%
NEW DAY FINANCIAL, LLC $970,000 $740,000 -23.7% 0.2%
EASTMAN $725,000 n/a 0.2%
Sierra Pacific Mortgage Company, Inc. $515,000 $725,000 40.8% 0.2%
WINGS FINANCIAL $710,000 n/a 0.2%
Metro Bank $685,000 n/a 0.2%
City National Bank $665,000 n/a 0.2%
HANCOCK MORTGAGE PARTNERS, LLC $645,000 n/a 0.2%
SOFI LENDING CORP. $370,000 $645,000 74.3% 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,160,000 $640,000 -70.4% 0.2%
The First, A National Banking Association $325,000 $640,000 96.9% 0.2%
PeoplesSouth Bank $635,000 $635,000 0.0% 0.2%
ALABAMA STATE EMPLOYEES CREDIT UNION $60,000 $625,000 941.7% 0.2%
CALIBER HOME LOANS, INC. $3,055,000 $620,000 -79.7% 0.2%
Prosperity Home Mortgage, LLC $1,590,000 $615,000 -61.3% 0.2%
MORTGAGE INVESTORS GROUP, INC. $2,235,000 $610,000 -72.7% 0.2%
Progress Bank and Trust $1,145,000 $610,000 -46.7% 0.2%
CERTAINTY HOME LOANS, LLC $565,000 n/a 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,245,000 $555,000 -55.4% 0.2%
Guaranty Bank and Trust Company $545,000 n/a 0.2%
NBKC BANK $950,000 $535,000 -43.7% 0.2%
Hometown Lenders, Inc. $2,660,000 $515,000 -80.6% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $480,000 n/a 0.1%
SOUTHEAST MORTGAGE OF GEORGIA, INC. $1,260,000 $470,000 -62.7% 0.1%
NexBank $460,000 n/a 0.1%
Pinnacle Bank $455,000 n/a 0.1%
First Bank of Alabama $235,000 $445,000 89.4% 0.1%
Independent Bank $445,000 n/a 0.1%
First Horizon Bank $2,560,000 $440,000 -82.8% 0.1%
AMERISAVE MORTGAGE CORPORATION $4,250,000 $430,000 -89.9% 0.1%
ZILLOW HOME LOANS, LLC $420,000 n/a 0.1%
Carrington Mortgage Services, LLC $770,000 $415,000 -46.1% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $275,000 $415,000 50.9% 0.1%
SOUTHWEST STAGE FUNDING, LLC $335,000 $410,000 22.4% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $655,000 $405,000 -38.2% 0.1%
Northpointe Bank $385,000 n/a 0.1%
United Community Bank $740,000 $360,000 -51.4% 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $355,000 n/a 0.1%
MICHIGAN MUTUAL, INC. $355,000 n/a 0.1%
Trinity Oaks Mortgage, LLC $345,000 n/a 0.1%
Deere Employees Credit Union $340,000 n/a 0.1%
First Federal Bank $635,000 $340,000 -46.5% 0.1%
EVANSVILLE TEACHERS $335,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $145,000 $335,000 131.0% 0.1%
Nations Lending Corporation $315,000 $330,000 4.8% 0.1%
MILEND, INC. $325,000 n/a 0.1%
UNION HOME MORTGAGE CORP. $750,000 $315,000 -58.0% 0.1%
HOMESTAR FINANCIAL CORPORATION $970,000 $310,000 -68.0% 0.1%
AOD Federal Credit Union $305,000 n/a 0.1%
BankPlus $305,000 n/a 0.1%
Eco Credit Union $305,000 n/a 0.1%
Gulf Winds Credit Union $305,000 n/a 0.1%
AMERICAN INTERNET MORTGAGE, INC. $770,000 $285,000 -63.0% 0.1%
CHURCHILL MORTGAGE CORPORATION $900,000 $285,000 -68.3% 0.1%
Bryant Bank $3,300,000 $275,000 -91.7% 0.1%
First Savings Bank $275,000 n/a 0.1%
THE MORTGAGE FIRM, INC. $275,000 n/a 0.1%
FBC MORTGAGE, LLC $265,000 n/a 0.1%
Hancock Whitney Bank $605,000 $255,000 -57.9% 0.1%
EMBRACE HOME LOANS, INC. $245,000 n/a 0.1%
AMERICA'S FIRST $55,000 $235,000 327.3% 0.1%
PLANET HOME LENDING, LLC $265,000 $235,000 -11.3% 0.1%
VILLAGE CAPITAL MORTGAGE $390,000 $220,000 -43.6% 0.1%
Bank of America $4,305,000 $215,000 -95.0% 0.1%
PENTAGON FEDERAL CREDIT UNION $695,000 $210,000 -69.8% 0.1%
AUBURN UNIVERSITY CREDIT UNION $395,000 $205,000 -48.1% 0.1%
LONGBRIDGE FINANCIAL, LLC $1,295,000 $195,000 -84.9% 0.1%
AMERICAN FINANCING CORPORATION $185,000 n/a 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $185,000 n/a 0.1%
North American Savings Bank, F.S.B. $185,000 n/a 0.1%
1ST SIGNATURE LENDING, LLC $205,000 $175,000 -14.6% 0.1%
AMERICAN ADVISORS GROUP $175,000 n/a 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $325,000 $175,000 -46.2% 0.1%
LEADERONE FINANCIAL CORPORATION $170,000 n/a 0.0%
Capital City Bank $160,000 n/a 0.0%
Discover Bank $35,000 $160,000 357.1% 0.0%
CONTOUR MORTGAGE CORPORATION $365,000 $155,000 -57.5% 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $105,000 $155,000 47.6% 0.0%
CSL Financial, LLC $195,000 $150,000 -23.1% 0.0%
PHH Mortgage Corporation $150,000 n/a 0.0%
Southern States Bank $65,000 $150,000 130.8% 0.0%
AmeriHome Mortgage Company, LLC $145,000 n/a 0.0%
Barrington Bank & Trust Company, N.A. $750,000 $135,000 -82.0% 0.0%
HOMETRUST MORTGAGE COMPANY $650,000 $135,000 -79.2% 0.0%
IMPAC MORTGAGE CORP. $135,000 n/a 0.0%
DHI MORTGAGE COMPANY, LTD. $125,000 n/a 0.0%
SPRING EQ, LLC $120,000 n/a 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $860,000 $115,000 -86.6% 0.0%
SmartBank $115,000 n/a 0.0%
DELTA COMMUNITY CREDIT UNION $1,515,000 $95,000 -93.7% 0.0%
HONDA Federal Credit Union $135,000 $95,000 -29.6% 0.0%
LENDINGHOME FUNDING CORPORATION $95,000 n/a 0.0%
Metro City Bank $95,000 n/a 0.0%
MID AMERICA MORTGAGE, INC. $95,000 n/a 0.0%
NATIONS RELIABLE LENDING, LLC $170,000 $85,000 -50.0% 0.0%
Neighborhood Loans, Inc. $85,000 n/a 0.0%
ROYAL UNITED MORTGAGE LLC $500,000 $85,000 -83.0% 0.0%
Traditions Bank $85,000 n/a 0.0%
LAKEVIEW LOAN SERVICING, LLC $2,260,000 $75,000 -96.7% 0.0%
NETWORK CAPITAL FUNDING CORPORATION $75,000 n/a 0.0%
FINANCE OF AMERICA MORTGAGE LLC $65,000 n/a 0.0%
ALABAMA TEACHERS $35,000 n/a 0.0%
REDSTONE Federal Credit Union $220,000 $35,000 -84.1% 0.0%
CHERRY CREEK MORTGAGE, LLC $25,000 n/a 0.0%
Figure Lending LLC $45,000 $25,000 -44.4% 0.0%
1st Franklin Financial Corporation $255,000 $15,000 -94.1% 0.0%

Alexander City's top lender by overall market share is River Bank & Trust, with 12.9% market share. In second place, with 10.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $36,985,000 in loans. In third place, with 5.7%, is Regions Bank, having originated $19,540,000 in loans. In fourth place, with 5.1%, is South State Bank, having originated $17,490,000 in loans. In fifth place, with 3.4%, is QUICKEN LOANS, LLC, having originated $11,830,000 in loans.

Alexander City, AL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 692 $220,020,000 $317,948
Cash Out Refi 200 $45,040,000 $225,200
Refi 169 $48,525,000 $287,130
Other 93 $20,415,000 $219,516
Home Improvement 71 $10,405,000 $146,549

Alexander City's most frequently cited loan purpose was Home Purchase, with 692 originations. The 2nd most popular reason was Cash Out Refi, with 200 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
4-5% 290 $100,010,000 $344,862
5-6% 276 $73,960,000 $267,971
3-4% 274 $92,120,000 $336,204
6-7% 128 $25,970,000 $202,891
7-8% 65 $9,485,000 $145,923
2.5-3% 64 $18,140,000 $283,438
Over 8% 51 $4,935,000 $96,765
<2.5% 24 $5,900,000 $245,833

During 2022, Alexander City's most frequently originated rate bucket was 4-5%, with 290 originations.

Loan Sizing (Alexander City, AL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 388 $56,440,000 $145,464
$200k-400k 303 $85,625,000 $282,591
$100,000 or less 298 $19,080,000 $64,027
$600k-1000k 100 $73,480,000 $734,800
$400k-600k 95 $46,365,000 $488,053
$Over $1MM 41 $63,415,000 $1,546,707

Alexander City's loan sizing saw the bucket of loans from $100k-200k with 388 originations, totaling $56,440,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 478 $123,000,000 $257,322
60-80% 318 $121,960,000 $383,522
40-60% 136 $44,340,000 $326,029
20-40% 118 $26,080,000 $221,017
Under 20% 95 $7,705,000 $81,105
Over 100% 17 $4,425,000 $260,294

Alexander City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 478 originations, totaling $123,000,000 in origination value.