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 6.26% 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 6.06% and one month ago for the week of 2024-09-05, the average rate was 6.49%.

Alexander City's average rate one year ago was 7.83%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.32%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Alexander City 30 Year Fixed Rate 2024-10-10 6.26%
Alexander City 30 Year Fixed Rate Refi 2024-10-10 6.32%
Alexander City 15 Year Fixed Rate 2024-10-10 5.21%
Alexander City 15 Year Fixed Rate Refi 2024-10-10 5.81%
Alexander City 30 Year FHA 2024-10-10 6.35%
Alexander City 30 Year FHA Refi 2024-10-10 6%
Alexander City 30 Year USDA 2024-10-10 6.08%
Alexander City 30 Year USDA Refi 2024-10-10 5.88%
Alexander City 30 Year VA 2024-10-10 5.75%
Alexander City 30 Year VA Refi 2024-10-10 5.65%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 67 6.98% $6,778
River Bank & Trust 49 7.19% $6,062
QUICKEN LOANS, LLC 15 6.46% $8,243
MOVEMENT MORTGAGE, LLC 15 6.89% $4,279
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 6.91% $5,181
Regions Bank 11 6.11% $7,298
PENNYMAC LOAN SERVICES, LLC 10 6.53% $4,977
Renasant Bank 9 6.90% $5,394
Truist 8 6.30% $5,199
Morgan Stanley Private Bank 7 6.23% $3,451
Trustmark National Bank 7 7.20% $5,673
DELTA COMMUNITY CREDIT UNION 5 6.83% $7,482
GUILD MORTGAGE COMPANY 5 6.95% $8,631
FIRST COMMUNITY MORTGAGE, INC. 5 7.10% $6,506
FirstBank 5 8.22% $6,086
U.S. Bank 5 6.63% $8,681
VANDERBILT MORTGAGE AND FINANCE, INC. 5 8.25% $5,358
Flagstar Bank, FSB 4 6.76% $4,175
NEWREZ LLC 4 7.13% $3,609
Stifel Bank and Trust 3 6.04% $3,471
Mr. Cooper ( Nationstar Mortgage ) 3 6.71% $9,153
NAVY FEDERAL CREDIT UNION 3 6.83% $2,066
Synovus Bank 3 6.29% $9,656
JPMorgan Chase Bank 3 6.00% $6,696
21ST MORTGAGE CORPORATION 3 8.00% $6,354
SouthPoint Bank 2 7.13% $9,650
Ameris Bank 2 7.37% $5,102
Bank of America 2 6.50% $4,981
BAY EQUITY LLC 2 6.99% $3,683
CMG MORTGAGE, INC. 2 7.38% $5,031
GMFS LLC 2 6.50% $8,310
HOMESIDE FINANCIAL, LLC 2 6.75% $4,794
MAX Credit Union 2 6.13% $4,995
South State Bank 2 6.50% $3,838
USAA Federal Savings Bank 2 5.75% $5,856
Wells Fargo Bank 2 6.69% $6,682
LOANDEPOT.COM, LLC 1 6.63% $6,652
Valley National Bank 1 7.25% $3,360
GUARANTY HOME MORTGAGE CORPORATION 1 6.38% $11,100
MORTGAGE INVESTORS GROUP, INC. 1 7.25% $26,217
GERSHMAN INVESTMENT CORP. 1 7.00% $2,907
First Horizon Bank 1 6.75% $5,225
Mutual Savings Credit Union 1 4.50% $4,933
First American Bank and Trust Company 1 7.99% $4,462
Neighborhood Loans, Inc. 1 7.37% $10,619
FBC MORTGAGE, LLC 1 7.25% $5,218
NexBank 1 6.38% $4,261
EASTMAN 1 7.63% $2,966
Plains Commerce Bank 1 6.88% $4,286
Prosperity Home Mortgage, LLC 1 7.00% $2,800
Discover Bank 1 8.74% $0
Raymond James Bank 1 5.50% $4,182
CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $6,038
Cornerstone First Mortgage, Inc 1 6.50% $6,079
Citizens Bank 1 7.63% $14,053
ServisFirst Bank 1 7.88% $3,284
SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 8.13% $14,566
CB&S Bank, Inc. 1 5.90% $298
Alabama One Credit Union 1 6.25% $1,864
BMO Harris Bank 1 6.13% $7,009
STOCKTON MORTGAGE CORPORATION 1 6.88% $2,029
BancorpSouth 1 6.13% $8,233
The Central Trust Bank 1 6.38% $3,231
Toyota Financial Savings Bank 1 6.75% $3,849
Troy Bank and Trust Company 1 8.50% $7,155
AVADIAN 1 7.00% $9,163
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.25% $5,533
UNION HOME MORTGAGE CORP. 1 7.50% $4,690
United Nations Federal Credit Union 1 5.75% $3,260
APCO EMPLOYEES 1 6.50% $3,410
WINGS FINANCIAL 1 7.50% $4,708
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.13% $10,920
AMERICA'S FIRST 1 6.38% $4,427
Heritage South Credit Union 1 8.00% $2,161
KINECTA 1 5.75% $9,551
LAKEVIEW LOAN SERVICING, LLC 1 6.50% $5,381

Alexander City Average Closing Costs & Other Stats

Alexander City, AL's 76 lenders originated 908 loans during 2023. The total origination value was $262,170,000, with an average loan value of $288,733.

Alexander City's average closing costs are $4,620.

The top Alexander City lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 67 loans originated. Their average total fees are $6,778, which is $716 higher than the next largest lender, River Bank & Trust.

The lowest fee Alexander City lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC ($4,279), PENNYMAC LOAN SERVICES, LLC ($4,977), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,181), River Bank & Trust ($6,062) and UNITED WHOLESALE MORTGAGE, LLC ($6,778).

The lowest rate Alexander City lenders (with over 10 loans originated) are Regions Bank (6.11%), QUICKEN LOANS, LLC (6.46%), PENNYMAC LOAN SERVICES, LLC (6.53%), MOVEMENT MORTGAGE, LLC (6.89%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.91%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
UNITED WHOLESALE MORTGAGE, LLC $36,985,000 $32,360,000 -12.5% 12.3%
River Bank & Trust $44,425,000 $31,840,000 -28.3% 12.1%
Renasant Bank $8,560,000 $12,470,000 45.7% 4.8%
Regions Bank $19,540,000 $10,190,000 -47.9% 3.9%
Trustmark National Bank $4,485,000 $8,755,000 95.2% 3.3%
QUICKEN LOANS, LLC $11,830,000 $8,565,000 -27.6% 3.3%
Truist $8,440,000 $8,385,000 -0.7% 3.2%
BancorpSouth $4,305,000 $7,175,000 66.7% 2.7%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $7,730,000 $6,585,000 -14.8% 2.5%
MOVEMENT MORTGAGE, LLC $5,415,000 $5,355,000 -1.1% 2.0%
Morgan Stanley Private Bank $4,145,000 $5,335,000 28.7% 2.0%
U.S. Bank $1,860,000 $5,120,000 175.3% 2.0%
BankSouth $4,445,000 n/a 1.7%
PENNYMAC LOAN SERVICES, LLC $3,710,000 $4,290,000 15.6% 1.6%
21ST MORTGAGE CORPORATION $3,180,000 $3,825,000 20.3% 1.5%
AuburnBank $3,835,000 $3,755,000 -2.1% 1.4%
PNC Bank $2,845,000 $3,620,000 27.2% 1.4%
Synovus Bank $7,690,000 $3,420,000 -55.5% 1.3%
Flagstar Bank, FSB $1,755,000 $3,410,000 94.3% 1.3%
FIRST COMMUNITY MORTGAGE, INC. $1,490,000 $3,195,000 114.4% 1.2%
FirstBank $2,050,000 $3,115,000 52.0% 1.2%
Guardian Credit Union $2,015,000 $3,010,000 49.4% 1.1%
DELTA COMMUNITY CREDIT UNION $95,000 $2,815,000 2,863.2% 1.1%
NAVY FEDERAL CREDIT UNION $1,760,000 $2,735,000 55.4% 1.0%
JPMorgan Chase Bank $2,765,000 $2,665,000 -3.6% 1.0%
CB&S Bank, Inc. $900,000 $2,655,000 195.0% 1.0%
GMFS LLC $2,155,000 $2,610,000 21.1% 1.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $2,730,000 $2,305,000 -15.6% 0.9%
MORTGAGE INVESTORS GROUP, INC. $610,000 $2,255,000 269.7% 0.9%
Mortgage Research Center, LLC $4,565,000 $2,200,000 -51.8% 0.8%
CROSSCOUNTRY MORTGAGE, LLC $5,620,000 $1,935,000 -65.6% 0.7%
KINECTA $1,890,000 n/a 0.7%
GUILD MORTGAGE COMPANY $3,195,000 $1,850,000 -42.1% 0.7%
Wells Fargo Bank $4,015,000 $1,750,000 -56.4% 0.7%
LOANDEPOT.COM, LLC $3,650,000 $1,620,000 -55.6% 0.6%
Stifel Bank and Trust $3,305,000 $1,595,000 -51.7% 0.6%
NobleBank & Trust $1,535,000 n/a 0.6%
MAX Credit Union $2,385,000 $1,475,000 -38.2% 0.6%
Heritage South Credit Union $3,640,000 $1,470,000 -59.6% 0.6%
NEW DAY FINANCIAL, LLC $740,000 $1,460,000 97.3% 0.6%
TRIAD FINANCIAL SERVICES, INC. $850,000 $1,405,000 65.3% 0.5%
Central State Bank $2,900,000 $1,365,000 -52.9% 0.5%
NEWREZ LLC $760,000 $1,305,000 71.7% 0.5%
Bank of America $215,000 $1,250,000 481.4% 0.5%
BAY EQUITY LLC $2,210,000 $1,215,000 -45.0% 0.5%
South State Bank $17,490,000 $1,160,000 -93.4% 0.4%
First South Farm Credit, ACA $1,120,000 n/a 0.4%
First Horizon Bank $440,000 $1,105,000 151.1% 0.4%
LEGACY COMMUNITY FEDERAL CREDIT UNION $1,070,000 n/a 0.4%
BMO Harris Bank $1,055,000 n/a 0.4%
Ameris Bank $990,000 $1,030,000 4.0% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $1,985,000 $990,000 -50.1% 0.4%
FREEDOM MORTGAGE CORPORATION $1,380,000 $950,000 -31.2% 0.4%
SouthPoint Bank $5,205,000 $925,000 -82.2% 0.4%
Raymond James Bank $905,000 n/a 0.3%
Citizens Bank $1,655,000 $895,000 -45.9% 0.3%
GUARANTY HOME MORTGAGE CORPORATION $760,000 $845,000 11.2% 0.3%
Mutual Savings Credit Union $1,960,000 $845,000 -56.9% 0.3%
SOUTHWEST STAGE FUNDING, LLC $410,000 $845,000 106.1% 0.3%
BROKER SOLUTIONS, INC. $890,000 $805,000 -9.6% 0.3%
CMG MORTGAGE, INC. $5,590,000 $800,000 -85.7% 0.3%
Neighborhood Loans, Inc. $85,000 $725,000 752.9% 0.3%
APCO EMPLOYEES $1,210,000 $720,000 -40.5% 0.3%
Valley National Bank $2,765,000 $695,000 -74.9% 0.3%
ServisFirst Bank $8,495,000 $655,000 -92.3% 0.2%
Assurance Financial Group, L.L.C. $925,000 $650,000 -29.7% 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $405,000 $645,000 59.3% 0.2%
NEXERA HOLDING LLC $625,000 n/a 0.2%
EMM LOANS LLC $1,645,000 $620,000 -62.3% 0.2%
First Community Bank of Central Alabama $3,460,000 $610,000 -82.4% 0.2%
Carrington Mortgage Services, LLC $415,000 $605,000 45.8% 0.2%
Marion Bank & Trust Company $595,000 n/a 0.2%
Cornerstone First Mortgage, Inc $585,000 n/a 0.2%
AMERIFIRST BANK $565,000 n/a 0.2%
USAlliance Federal Credit Union $505,000 n/a 0.2%
AVADIAN $495,000 n/a 0.2%
Plains Commerce Bank $460,000 n/a 0.2%
Five Star Credit Union $455,000 n/a 0.2%
AMERISAVE MORTGAGE CORPORATION $430,000 $435,000 1.2% 0.2%
Bank Independent $435,000 n/a 0.2%
Toyota Financial Savings Bank $435,000 n/a 0.2%
Discover Bank $160,000 $430,000 168.8% 0.2%
SOUTHEAST MORTGAGE OF GEORGIA, INC. $470,000 $425,000 -9.6% 0.2%
FBC MORTGAGE, LLC $265,000 $420,000 58.5% 0.2%
CREDIT HUMAN FEDERAL CREDIT UNION $185,000 $415,000 124.3% 0.2%
United Nations Federal Credit Union $415,000 n/a 0.2%
HOMEOWNERS FINANCIAL GROUP USA, LLC $410,000 n/a 0.2%
Troy Bank and Trust Company $2,045,000 $405,000 -80.2% 0.2%
WINGS FINANCIAL $710,000 $405,000 -43.0% 0.2%
Liberty Mortgage Corporation $385,000 n/a 0.1%
Prosperity Home Mortgage, LLC $615,000 $385,000 -37.4% 0.1%
UNION HOME MORTGAGE CORP. $315,000 $375,000 19.0% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $555,000 $355,000 -36.0% 0.1%
OAKTREE FUNDING CORP. $355,000 n/a 0.1%
TJC Mortgage, Inc. $770,000 $325,000 -57.8% 0.1%
USAA Federal Savings Bank $1,185,000 $325,000 -72.6% 0.1%
Colony Bank $1,005,000 $305,000 -69.7% 0.1%
STOCKTON MORTGAGE CORPORATION $285,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $220,000 $285,000 29.5% 0.1%
Alabama One Credit Union $270,000 n/a 0.1%
AlaTrust Credit Union $265,000 n/a 0.1%
NexBank $460,000 $265,000 -42.4% 0.1%
HOMESIDE FINANCIAL, LLC $335,000 $260,000 -22.4% 0.1%
CARDINAL FINANCIAL $640,000 $255,000 -60.2% 0.1%
CIS Financial Services, Inc. $255,000 n/a 0.1%
First American Bank and Trust Company $255,000 n/a 0.1%
Keystone Funding, Inc. $245,000 n/a 0.1%
First Bank of Alabama $445,000 $240,000 -46.1% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $225,000 n/a 0.1%
Southern States Bank $150,000 $225,000 50.0% 0.1%
The Central Trust Bank $225,000 n/a 0.1%
First Federal Bank of Kansas City $215,000 n/a 0.1%
CSL Financial, LLC $150,000 $205,000 36.7% 0.1%
Metro City Bank $95,000 $200,000 110.5% 0.1%
EASTMAN $725,000 $195,000 -73.1% 0.1%
LENDINGHOME FUNDING CORPORATION $95,000 $195,000 105.3% 0.1%
AUBURN UNIVERSITY CREDIT UNION $205,000 $190,000 -7.3% 0.1%
Equity Prime Mortgage LLC $185,000 n/a 0.1%
HOMEXPRESS MORTGAGE CORP. $185,000 n/a 0.1%
ALABAMA STATE EMPLOYEES CREDIT UNION $625,000 $180,000 -71.2% 0.1%
AMERICA'S FIRST $235,000 $175,000 -25.5% 0.1%
EvaBank $165,000 n/a 0.1%
United Community Bank $360,000 $160,000 -55.6% 0.1%
MILEND, INC. $325,000 $155,000 -52.3% 0.1%
River City Bank $155,000 n/a 0.1%
Princeton Mortgage Corporation $145,000 n/a 0.1%
PLAZA HOME MORTGAGE, INC. $135,000 n/a 0.1%
RELIANCE FIRST CAPITAL, LLC $125,000 n/a 0.0%
Coastal Community Bank $120,000 n/a 0.0%
Figure Lending LLC $25,000 $120,000 380.0% 0.0%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $115,000 n/a 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $115,000 $115,000 0.0% 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $155,000 $115,000 -25.8% 0.0%
M&T Bank $95,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $85,000 n/a 0.0%
LAKEVIEW LOAN SERVICING, LLC $75,000 $85,000 13.3% 0.0%
GERSHMAN INVESTMENT CORP. $65,000 n/a 0.0%
HONDA Federal Credit Union $95,000 $45,000 -52.6% 0.0%

Alexander City's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 12.3% market share. In second place, with 12.1%, is River Bank & Trust, having originated $31,840,000 in loans. In third place, with 4.8%, is Renasant Bank, having originated $12,470,000 in loans. In fourth place, with 3.9%, is Regions Bank, having originated $10,190,000 in loans. In fifth place, with 3.3%, is Trustmark National Bank, having originated $8,755,000 in loans.

Alexander City, AL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 589 $197,625,000 $335,526
Cash Out Refi 122 $24,630,000 $201,885
Refi 78 $21,820,000 $279,744
Home Improvement 64 $8,750,000 $136,719
Other 55 $9,345,000 $169,909

Alexander City's most frequently cited loan purpose was Home Purchase, with 589 originations. The 2nd most popular reason was Cash Out Refi, with 122 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 285 $89,125,000 $312,719
7-8% 235 $66,545,000 $283,170
Over 8% 188 $34,320,000 $182,553
5-6% 133 $49,105,000 $369,211
4-5% 16 $5,040,000 $315,000
3-4% 7 $785,000 $112,143
2.5-3% 2 $350,000 $175,000

During 2023, Alexander City's most frequently originated rate bucket was 6-7%, with 285 originations.

Loan Sizing (Alexander City, AL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 268 $38,970,000 $145,410
$100,000 or less 234 $14,610,000 $62,436
$200k-400k 210 $58,630,000 $279,190
$400k-600k 104 $48,810,000 $469,327
$600k-1000k 65 $47,505,000 $730,846
$Over $1MM 27 $53,645,000 $1,986,852

Alexander City's loan sizing saw the bucket of loans from $100k-200k with 268 originations, totaling $38,970,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 367 $97,915,000 $266,798
60-80% 202 $77,780,000 $385,050
40-60% 102 $35,110,000 $344,216
20-40% 99 $24,245,000 $244,899
Under 20% 72 $5,890,000 $81,806
Over 100% 17 $3,205,000 $188,529

Alexander City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 367 originations, totaling $97,915,000 in origination value.