Americus Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Americus averaged
6.59%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.62% and
one month ago for the week of 2024-10-03, the
average rate was 6.32%.
Americus's average rate one year ago was 7.56%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.39%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Americus 30 Year Fixed Rate | 2024-11-07 | 6.59% |
| Americus 30 Year Fixed Rate Refi | 2024-11-07 | 7.39% |
| Americus 15 Year Fixed Rate | 2024-11-07 | 5.9% |
| Americus 15 Year Fixed Rate Refi | 2024-11-07 | 6.2% |
| Americus 30 Year FHA | 2024-11-07 | 6.43% |
| Americus 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Americus 30 Year USDA | 2024-11-07 | 6.48% |
| Americus 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Americus 30 Year VA | 2024-11-07 | 6.54% |
| Americus 30 Year VA Refi | 2024-11-07 | 6.44% |
Americus 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 Americus, GA 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 |
|---|---|---|---|
| Capital City Home Loans, LLC | 29 | 6.63% | $4,594 |
| QUICKEN LOANS, LLC | 21 | 6.93% | $5,522 |
| Flagstar Bank, FSB | 3 | 6.67% | $4,019 |
| Synovus Bank | 3 | 7.29% | $5,950 |
| JPMorgan Chase Bank | 2 | 7.75% | $889 |
| NAVY FEDERAL CREDIT UNION | 2 | 6.88% | $3,229 |
| ROYAL UNITED MORTGAGE LLC | 2 | 6.81% | $9,007 |
| Ameris Bank | 2 | 6.43% | $6,342 |
| Grow Financial Federal Credit Union | 1 | 6.88% | $3,200 |
| GUARANTEED RATE, INC. | 1 | 6.38% | $7,558 |
| LOANDEPOT.COM, LLC | 1 | 7.63% | $4,502 |
| NEWREZ LLC | 1 | 7.50% | $3,454 |
| Prosperity Home Mortgage, LLC | 1 | 6.50% | $3,360 |
| Regions Bank | 1 | 6.63% | $5,344 |
| Stifel Bank and Trust | 1 | 5.50% | $2,919 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.88% | $4,987 |
| VANDERBILT MORTGAGE AND FINANCE, INC. | 1 | 7.25% | $9,180 |
| AB&T | 1 | 8.49% | $3,556 |
| Wells Fargo Bank | 1 | 7.63% | $5,233 |
| AMERISAVE MORTGAGE CORPORATION | 1 | 7.13% | $4,775 |
| BNC National Bank | 1 | 6.13% | $4,410 |
| BROKER SOLUTIONS, INC. | 1 | 6.50% | $6,178 |
| CAMPUS USA | 1 | 6.13% | $3,363 |
| EVERETT FINANCIAL, INC. | 1 | 6.75% | $3,918 |
| Fifth Third Bank | 1 | 6.38% | $5,401 |
| GEORGIA'S OWN | 1 | 7.63% | $2,253 |
Americus Average Closing Costs & Other Stats
Americus, GA's 26 lenders originated 363
loans during 2023. The total origination value was $49,585,000, with an average loan value of
$136,598.
Americus's average closing costs are $4,756.
The top Americus lender as defined by loan originations is Capital City Home Loans, LLC, with
29 loans originated. Their average total fees are
$4,594, which is $928
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Americus lenders (with over 10 loans originated) are
Capital City Home Loans, LLC ($4,594), QUICKEN LOANS, LLC ($5,522), .
The lowest rate Americus lenders (with over 10 loans originated) are
Capital City Home Loans, LLC (6.63%), QUICKEN LOANS, LLC (6.93%), .
Americus, GA 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 |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $10,615,000 | $7,875,000 | -25.8% | 15.9% |
| Capital City Home Loans, LLC | $9,085,000 | $7,385,000 | -18.7% | 14.9% |
| The Peoples Bank of Georgia | $1,850,000 | $2,785,000 | 50.5% | 5.6% |
| Ameris Bank | $3,160,000 | $1,850,000 | -41.5% | 3.7% |
| NAVY FEDERAL CREDIT UNION | $500,000 | $1,850,000 | 270.0% | 3.7% |
| Synovus Bank | $1,040,000 | $1,835,000 | 76.4% | 3.7% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $355,000 | $1,655,000 | 366.2% | 3.3% |
| Mortgage Research Center, LLC | $1,490,000 | $995,000 | -33.2% | 2.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $760,000 | n/a | 1.5% | |
| UNITED WHOLESALE MORTGAGE, LLC | $1,030,000 | $745,000 | -27.7% | 1.5% |
| Flagstar Bank, FSB | $695,000 | $620,000 | -10.8% | 1.3% |
| Century Mortgage Company DBA Century Lending Company | $570,000 | n/a | 1.1% | |
| 21ST MORTGAGE CORPORATION | $845,000 | $560,000 | -33.7% | 1.1% |
| BNC National Bank | $555,000 | n/a | 1.1% | |
| BROKER SOLUTIONS, INC. | $1,180,000 | $525,000 | -55.5% | 1.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $75,000 | $510,000 | 580.0% | 1.0% |
| SWBC MORTGAGE CORPORATION | $495,000 | n/a | 1.0% | |
| AMERISAVE MORTGAGE CORPORATION | $260,000 | $490,000 | 88.5% | 1.0% |
| ROYAL UNITED MORTGAGE LLC | $245,000 | $480,000 | 95.9% | 1.0% |
| CMG MORTGAGE, INC. | $455,000 | n/a | 0.9% | |
| Equity Prime Mortgage LLC | $175,000 | $435,000 | 148.6% | 0.9% |
| LOANDEPOT.COM, LLC | $285,000 | $435,000 | 52.6% | 0.9% |
| 1ST SIGNATURE LENDING, LLC | $235,000 | $415,000 | 76.6% | 0.8% |
| JPMorgan Chase Bank | $75,000 | $390,000 | 420.0% | 0.8% |
| Discover Bank | $350,000 | n/a | 0.7% | |
| Flint Community Bank | $350,000 | n/a | 0.7% | |
| GUARANTEED RATE, INC. | $345,000 | n/a | 0.7% | |
| Regions Bank | $265,000 | $335,000 | 26.4% | 0.7% |
| Stifel Bank and Trust | $310,000 | n/a | 0.6% | |
| U.S. Bank | $310,000 | n/a | 0.6% | |
| First Bank of Alabama | $265,000 | n/a | 0.5% | |
| NEWREZ LLC | $265,000 | n/a | 0.5% | |
| TRIAD FINANCIAL SERVICES, INC. | $395,000 | $260,000 | -34.2% | 0.5% |
| USAA Federal Savings Bank | $350,000 | $255,000 | -27.1% | 0.5% |
| CAMPUS USA | $245,000 | n/a | 0.5% | |
| MILEND, INC. | $245,000 | n/a | 0.5% | |
| Truist | $400,000 | $245,000 | -38.8% | 0.5% |
| Georgia Community Bank | $240,000 | n/a | 0.5% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $155,000 | $225,000 | 45.2% | 0.5% |
| GUILD MORTGAGE COMPANY | $145,000 | $225,000 | 55.2% | 0.5% |
| Prosperity Home Mortgage, LLC | $225,000 | n/a | 0.5% | |
| VILLAGE CAPITAL MORTGAGE | $205,000 | n/a | 0.4% | |
| First State Bank of Blakely, Inc. | $730,000 | $195,000 | -73.3% | 0.4% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $195,000 | n/a | 0.4% | |
| Capital City Bank | $180,000 | n/a | 0.4% | |
| TOWNE MORTGAGE COMPANY | $175,000 | n/a | 0.4% | |
| Wells Fargo Bank | $1,715,000 | $170,000 | -90.1% | 0.3% |
| DAS Acquisition Company, LLC | $165,000 | n/a | 0.3% | |
| Platinum Home Mortgage Corporation | $185,000 | $165,000 | -10.8% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $95,000 | $165,000 | 73.7% | 0.3% |
| RELIANCE FIRST CAPITAL, LLC | $165,000 | n/a | 0.3% | |
| PeoplesSouth Bank | $940,000 | $160,000 | -83.0% | 0.3% |
| Grow Financial Federal Credit Union | $155,000 | n/a | 0.3% | |
| ROBINS FINANCIAL | $460,000 | $150,000 | -67.4% | 0.3% |
| CALCON MUTUAL MORTGAGE LLC | $95,000 | $135,000 | 42.1% | 0.3% |
| COUNTRYPLACE MORTGAGE, LTD. | $135,000 | n/a | 0.3% | |
| PLANTERS FIRST BANK | $135,000 | n/a | 0.3% | |
| Southwest Georgia Farm Credit, ACA | $135,000 | n/a | 0.3% | |
| AB&T | $125,000 | n/a | 0.3% | |
| Paramount Residential Mortgage Group, Inc. | $195,000 | $115,000 | -41.0% | 0.2% |
| Fifth Third Bank | $95,000 | $105,000 | 10.5% | 0.2% |
| Carrington Mortgage Services, LLC | $95,000 | n/a | 0.2% | |
| AMERICAN FINANCING CORPORATION | $85,000 | n/a | 0.2% | |
| MOVEMENT MORTGAGE, LLC | $1,070,000 | $85,000 | -92.1% | 0.2% |
| OCMBC, INC. | $75,000 | n/a | 0.2% | |
| Third Federal Savings and Loan Association of Cleveland | $325,000 | $75,000 | -76.9% | 0.2% |
| EVERETT FINANCIAL, INC. | $65,000 | n/a | 0.1% | |
| RUOFF MORTGAGE COMPANY, INC. | $65,000 | n/a | 0.1% | |
| Citizens Bank | $55,000 | n/a | 0.1% | |
| GEORGIA'S OWN | $55,000 | $55,000 | 0.0% | 0.1% |
| Mr. Cooper ( Nationstar Mortgage ) | $510,000 | $55,000 | -89.2% | 0.1% |
| Bank of Dawson | $45,000 | n/a | 0.1% | |
| Figure Lending LLC | $85,000 | $45,000 | -47.1% | 0.1% |
Americus's top lender by overall market share is QUICKEN LOANS, LLC, with 15.9% market share. In second place, with 14.9%, is Capital City Home Loans, LLC, having originated $7,385,000 in loans. In third place, with 5.6%, is The Peoples Bank of Georgia, having originated $2,785,000 in loans. In fourth place, with 3.7%, is Ameris Bank, having originated $1,850,000 in loans. In fifth place, with 3.7%, is NAVY FEDERAL CREDIT UNION, having originated $1,850,000 in loans.
Americus, GA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 218 | $34,580,000 | $158,624 |
| Refi | 67 | $6,935,000 | $103,507 |
| Cash Out Refi | 32 | $4,710,000 | $147,188 |
| Home Improvement | 26 | $1,790,000 | $68,846 |
| Other | 20 | $1,570,000 | $78,500 |
Americus's most frequently cited loan purpose was Home Purchase, with 218 originations. The 2nd most popular reason was Refi, with 67 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 112 | $18,820,000 | $168,036 |
| 7-8% | 64 | $10,420,000 | $162,813 |
| Over 8% | 49 | $4,335,000 | $88,469 |
| 5-6% | 28 | $5,150,000 | $183,929 |
| 4-5% | 2 | $270,000 | $135,000 |
| 3-4% | 2 | $410,000 | $205,000 |
| <2.5% | 1 | $5,000 | $5,000 |
During 2023, Americus's most frequently originated rate bucket was 6-7%, with 112 originations.
Loan Sizing (Americus, GA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 149 | $8,325,000 | $55,872 |
| $100k-200k | 142 | $20,440,000 | $143,944 |
| $200k-400k | 63 | $16,525,000 | $262,302 |
| $400k-600k | 8 | $3,690,000 | $461,250 |
| $600k-1000k | 1 | $605,000 | $605,000 |
Americus's loan sizing saw the bucket of loans from $100,000 or less with 149 originations, totaling $8,325,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 131 | $22,605,000 | $172,557 |
| 60-80% | 56 | $9,390,000 | $167,679 |
| 20-40% | 34 | $2,650,000 | $77,941 |
| 40-60% | 18 | $3,010,000 | $167,222 |
| Under 20% | 13 | $605,000 | $46,538 |
| Over 100% | 7 | $1,255,000 | $179,286 |
Americus's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 131 originations, totaling $22,605,000 in origination value.