Arcadia Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Arcadia averaged
7%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
7.02% and
one month ago for the week of 2024-06-13, the
average rate was 7.18%.
Arcadia's average rate one year ago was 6.89%.
For refis of the same type during the week of 2024-07-18, the average rate
was 6.97%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Arcadia 30 Year Fixed Rate | 2024-07-18 | 7% |
| Arcadia 30 Year Fixed Rate Refi | 2024-07-18 | 6.97% |
| Arcadia 15 Year Fixed Rate | 2024-07-18 | 5.95% |
| Arcadia 15 Year Fixed Rate Refi | 2024-07-18 | 6.05% |
| Arcadia 30 Year FHA | 2024-07-18 | 6.35% |
| Arcadia 30 Year FHA Refi | 2024-07-18 | 6.59% |
| Arcadia 30 Year USDA | 2024-07-18 | 6.83% |
| Arcadia 30 Year USDA Refi | 2024-07-18 | 6.73% |
| Arcadia 30 Year VA | 2024-07-18 | 6.3% |
| Arcadia 30 Year VA Refi | 2024-07-18 | 6.1% |
Arcadia 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 Arcadia, FL 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.).
Arcadia Average Closing Costs & Other Stats
Arcadia, FL's 47 lenders originated 401
loans during 2023. The total origination value was $97,345,000, with an average loan value of
$242,756.
Arcadia's average closing costs are $6,350.
The top Arcadia lender as defined by loan originations is QUICKEN LOANS, LLC, with
20 loans originated. Their average total fees are
$8,064, which is $2,329
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Arcadia lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($8,064), UNITED WHOLESALE MORTGAGE, LLC ($10,393), .
The lowest rate Arcadia lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.42%), QUICKEN LOANS, LLC (6.75%), .
Arcadia, FL 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 |
|---|---|---|---|---|
| NTFN, INC. | $15,950,000 | $16,430,000 | 3.0% | 16.9% |
| Centennial Bank | $11,105,000 | n/a | 11.4% | |
| UNITED WHOLESALE MORTGAGE, LLC | $7,895,000 | $8,570,000 | 8.5% | 8.8% |
| QUICKEN LOANS, LLC | $7,405,000 | $7,210,000 | -2.6% | 7.4% |
| South State Bank | $3,920,000 | $4,630,000 | 18.1% | 4.8% |
| WALKER & DUNLOP, LLC | $3,225,000 | n/a | 3.3% | |
| CROSSCOUNTRY MORTGAGE, LLC | $2,175,000 | $2,745,000 | 26.2% | 2.8% |
| MIDFLORIDA | $4,085,000 | $1,735,000 | -57.5% | 1.8% |
| GUARANTEED RATE AFFINITY, LLC | $1,030,000 | $1,560,000 | 51.5% | 1.6% |
| Truist | $2,165,000 | $1,550,000 | -28.4% | 1.6% |
| NFM, INC. | $2,835,000 | $1,545,000 | -45.5% | 1.6% |
| Mortgage Research Center, LLC | $2,645,000 | $1,410,000 | -46.7% | 1.4% |
| Wauchula State Bank | $600,000 | $1,370,000 | 128.3% | 1.4% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $445,000 | $1,305,000 | 193.3% | 1.3% |
| Suncoast Credit Union | $2,885,000 | $1,205,000 | -58.2% | 1.2% |
| Ixonia Bank | $1,140,000 | n/a | 1.2% | |
| Plains Commerce Bank | $85,000 | $1,140,000 | 1,241.2% | 1.2% |
| FREEDOM MORTGAGE CORPORATION | $1,310,000 | $1,015,000 | -22.5% | 1.0% |
| TRIAD FINANCIAL SERVICES, INC. | $800,000 | $950,000 | 18.8% | 1.0% |
| NEWREZ LLC | $255,000 | $875,000 | 243.1% | 0.9% |
| 21ST MORTGAGE CORPORATION | $2,525,000 | $810,000 | -67.9% | 0.8% |
| CMG MORTGAGE, INC. | $205,000 | $780,000 | 280.5% | 0.8% |
| Fifth Third Bank | $375,000 | $740,000 | 97.3% | 0.8% |
| MOVEMENT MORTGAGE, LLC | $655,000 | $740,000 | 13.0% | 0.8% |
| LOANDEPOT.COM, LLC | $1,775,000 | $735,000 | -58.6% | 0.8% |
| Bank of America | $1,005,000 | $730,000 | -27.4% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $1,870,000 | $730,000 | -61.0% | 0.7% |
| LAKE MICHIGAN CREDIT UNION | $320,000 | $590,000 | 84.4% | 0.6% |
| CARDINAL FINANCIAL | $2,405,000 | $585,000 | -75.7% | 0.6% |
| SOUTHWEST STAGE FUNDING, LLC | $500,000 | $570,000 | 14.0% | 0.6% |
| LOANPAL, LLC | $565,000 | n/a | 0.6% | |
| CALIBER HOME LOANS, INC. | $2,915,000 | $550,000 | -81.1% | 0.6% |
| Carrington Mortgage Services, LLC | $255,000 | $550,000 | 115.7% | 0.6% |
| Century Mortgage Company DBA Century Lending Company | $540,000 | n/a | 0.6% | |
| NATIONS RELIABLE LENDING, LLC | $500,000 | n/a | 0.5% | |
| HOMESPIRE MORTGAGE CORPORATION | $490,000 | n/a | 0.5% | |
| AMERISAVE MORTGAGE CORPORATION | $740,000 | $480,000 | -35.1% | 0.5% |
| SFMC, LP | $455,000 | n/a | 0.5% | |
| Regions Bank | $860,000 | $445,000 | -48.3% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $560,000 | $425,000 | -24.1% | 0.4% |
| LENDSURE MORTGAGE CORP. | $425,000 | n/a | 0.4% | |
| THE MORTGAGE FIRM, INC. | $1,585,000 | $415,000 | -73.8% | 0.4% |
| First Horizon Bank | $405,000 | n/a | 0.4% | |
| UNION HOME MORTGAGE CORP. | $345,000 | $400,000 | 15.9% | 0.4% |
| GUILD MORTGAGE COMPANY | $385,000 | $390,000 | 1.3% | 0.4% |
| First Savings Bank | $385,000 | n/a | 0.4% | |
| DEEPHAVEN MORTGAGE LLC | $255,000 | $370,000 | 45.1% | 0.4% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $460,000 | $345,000 | -25.0% | 0.4% |
| OCMBC, INC. | $335,000 | n/a | 0.3% | |
| Seacoast National Bank | $105,000 | $330,000 | 214.3% | 0.3% |
| AMERICAN FINANCIAL NETWORK, INC. | $305,000 | n/a | 0.3% | |
| PENNYMAC LOAN SERVICES, LLC | $2,050,000 | $300,000 | -85.4% | 0.3% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $290,000 | n/a | 0.3% | |
| Citadel Servicing Corporation | $285,000 | n/a | 0.3% | |
| Capital City Home Loans, LLC | $275,000 | n/a | 0.3% | |
| First Federal Bank | $275,000 | n/a | 0.3% | |
| The Federal Savings Bank | $1,015,000 | $265,000 | -73.9% | 0.3% |
| BROKER SOLUTIONS, INC. | $255,000 | $255,000 | 0.0% | 0.3% |
| LENDINGHOME FUNDING CORPORATION | $680,000 | $255,000 | -62.5% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $1,375,000 | $255,000 | -81.5% | 0.3% |
| GENEVA FINANCIAL, LLC | $735,000 | $250,000 | -66.0% | 0.3% |
| AgFirst Farm Credit Bank | $2,095,000 | $245,000 | -88.3% | 0.3% |
| MORTGAGE 1 INCORPORATED | $525,000 | $240,000 | -54.3% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $235,000 | $235,000 | 0.0% | 0.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $135,000 | $235,000 | 74.1% | 0.2% |
| Wells Fargo Bank | $1,125,000 | $235,000 | -79.1% | 0.2% |
| CALCON MUTUAL MORTGAGE LLC | $225,000 | n/a | 0.2% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $185,000 | $225,000 | 21.6% | 0.2% |
| BAY EQUITY LLC | $700,000 | $215,000 | -69.3% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $765,000 | $215,000 | -71.9% | 0.2% |
| 1ST SIGNATURE LENDING, LLC | $205,000 | n/a | 0.2% | |
| MID AMERICA MORTGAGE, INC. | $495,000 | $205,000 | -58.6% | 0.2% |
| U.S. Bank | $1,630,000 | $205,000 | -87.4% | 0.2% |
| FBC MORTGAGE, LLC | $355,000 | $195,000 | -45.1% | 0.2% |
| MORTGAGE MARKETS CUSO, LLC | $195,000 | n/a | 0.2% | |
| RESIDENTIAL BANCORP | $195,000 | n/a | 0.2% | |
| Wyndham Capital Mortgage, Inc. | $195,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $325,000 | $190,000 | -41.5% | 0.2% |
| PNC Bank | $200,000 | $185,000 | -7.5% | 0.2% |
| Strong Home Mortgage, LLC | $185,000 | n/a | 0.2% | |
| INTERRA CREDIT UNION | $175,000 | n/a | 0.2% | |
| Equity Prime Mortgage LLC | $370,000 | $155,000 | -58.1% | 0.2% |
| MILEND, INC. | $155,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $155,000 | n/a | 0.2% | |
| FINANCE OF AMERICA REVERSE LLC | $145,000 | n/a | 0.1% | |
| GREENSTATE CREDIT UNION | $145,000 | n/a | 0.1% | |
| Coastal Community Bank | $135,000 | n/a | 0.1% | |
| GENISYS | $135,000 | n/a | 0.1% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $125,000 | n/a | 0.1% | |
| First Home Bank | $125,000 | n/a | 0.1% | |
| Nations Lending Corporation | $145,000 | $125,000 | -13.8% | 0.1% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $265,000 | $125,000 | -52.8% | 0.1% |
| Discover Bank | $35,000 | $120,000 | 242.9% | 0.1% |
| Commerce Home Mortgage, Inc. | $245,000 | $115,000 | -53.1% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $115,000 | n/a | 0.1% | |
| Bank OZK | $65,000 | $105,000 | 61.5% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $85,000 | n/a | 0.1% | |
| HOMESTEAD FUNDING CORP. | $220,000 | $75,000 | -65.9% | 0.1% |
| TD Bank | $65,000 | n/a | 0.1% | |
| FineMark National Bank & Trust | $55,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $85,000 | $55,000 | -35.3% | 0.1% |
| FLORIDA CENTRAL CREDIT UNION | $35,000 | n/a | 0.0% | |
| FIRST CREDIT CORPORATION OF NEW YORK, INC. | $25,000 | n/a | 0.0% |
Arcadia's top lender by overall market share is NTFN, INC., with 16.9% market share. In second place, with 11.4%, is Centennial Bank, having originated $11,105,000 in loans. In third place, with 8.8%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $8,570,000 in loans. In fourth place, with 7.4%, is QUICKEN LOANS, LLC, having originated $7,210,000 in loans. In fifth place, with 4.8%, is South State Bank, having originated $4,630,000 in loans.
Arcadia, FL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 280 | $78,250,000 | $279,464 |
| Cash Out Refi | 42 | $8,620,000 | $205,238 |
| Other | 34 | $2,680,000 | $78,824 |
| Home Improvement | 26 | $2,260,000 | $86,923 |
| Refi | 19 | $5,535,000 | $291,316 |
Arcadia's most frequently cited loan purpose was Home Purchase, with 280 originations. The 2nd most popular reason was Cash Out Refi, with 42 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 157 | $52,005,000 | $331,242 |
| 7-8% | 119 | $23,585,000 | $198,193 |
| Over 8% | 54 | $6,270,000 | $116,111 |
| 5-6% | 50 | $11,960,000 | $239,200 |
| 4-5% | 6 | $1,080,000 | $180,000 |
| <2.5% | 3 | $45,000 | $15,000 |
| 3-4% | 3 | $205,000 | $68,333 |
| 2.5-3% | 1 | $405,000 | $405,000 |
During 2023, Arcadia's most frequently originated rate bucket was 6-7%, with 157 originations.
Loan Sizing (Arcadia, FL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 171 | $45,955,000 | $268,743 |
| $100k-200k | 110 | $16,590,000 | $150,818 |
| $100,000 or less | 87 | $5,005,000 | $57,529 |
| $400k-600k | 25 | $11,355,000 | $454,200 |
| $600k-1000k | 6 | $4,110,000 | $685,000 |
| $Over $1MM | 2 | $14,330,000 | $7,165,000 |
Arcadia's loan sizing saw the bucket of loans from $200k-400k with 171 originations, totaling $45,955,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 193 | $51,455,000 | $266,606 |
| 60-80% | 88 | $28,460,000 | $323,409 |
| Under 20% | 38 | $2,000,000 | $52,632 |
| 40-60% | 36 | $8,790,000 | $244,167 |
| 20-40% | 35 | $3,505,000 | $100,143 |
| Over 100% | 4 | $1,360,000 | $340,000 |
Arcadia's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 193 originations, totaling $51,455,000 in origination value.