Athens Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Athens averaged 7.03% 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 6.86% and one month ago for the week of 2024-10-03, the average rate was 6.26%.

    Athens's average rate one year ago was 7.9%.

    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%
    Athens 30 Year Fixed Rate 2024-11-07 7.03%
    Athens 30 Year Fixed Rate Refi 2024-11-07 7.39%
    Athens 15 Year Fixed Rate 2024-11-07 5.8%
    Athens 15 Year Fixed Rate Refi 2024-11-07 6.6%
    Athens 30 Year FHA 2024-11-07 6.63%
    Athens 30 Year FHA Refi 2024-11-07 6.23%
    Athens 30 Year USDA 2024-11-07 6.28%
    Athens 30 Year USDA Refi 2024-11-07 6.68%
    Athens 30 Year VA 2024-11-07 6.34%
    Athens 30 Year VA Refi 2024-11-07 6.44%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Athens, OH.

    Athens 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 Athens, OH 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
    QUICKEN LOANS, LLC 20 6.64% $5,817
    UNION HOME MORTGAGE CORP. 15 7.08% $4,766
    Peoples Bank 13 6.77% $3,727
    T2 FINANCIAL LLC 12 7.02% $4,729
    JPMorgan Chase Bank 10 6.59% $4,481
    The Merchants National Bank 6 7.01% $1,859
    The Park National Bank 6 6.79% $3,411
    The Huntington National Bank 5 6.90% $5,684
    Third Federal Savings and Loan Association of Cleveland 4 6.34% $2,541
    RUOFF MORTGAGE COMPANY, INC. 4 6.69% $2,775
    RAPID MORTGAGE COMPANY 4 7.41% $8,548
    NEWREZ LLC 4 7.38% $3,753
    POLARIS HOME FUNDING CORP. 3 7.42% $4,873
    THE VINTON COUNTY NATIONAL BANK 3 6.00% $3,200
    CROSSCOUNTRY MORTGAGE, LLC 3 7.75% $5,548
    J. VIRGIL, INC. 3 7.29% $5,445
    Farm Credit Mid-America, ACA 3 6.96% $5,827
    The Ohio Valley Bank Company 2 6.75% $4,798
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.50% $4,795
    First Financial Bank 2 6.44% $3,900
    Flagstar Bank, FSB 2 7.25% $3,377
    LOANDEPOT.COM, LLC 2 6.81% $6,985
    MOVEMENT MORTGAGE, LLC 2 6.62% $4,977
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.31% $5,091
    The Farmers Bank & Savings Company 2 9.75% $2,095
    UNITED WHOLESALE MORTGAGE, LLC 2 7.06% $5,529
    U.S. Bank 2 6.31% $4,268
    PENNYMAC LOAN SERVICES, LLC 1 6.13% $4,550
    HOMESPIRE MORTGAGE CORPORATION 1 7.63% $7,111
    PNC Bank 1 7.88% $6,143
    Heartland Bank 1 5.38% $3,495
    Wells Fargo Bank 1 7.25% $5,893
    GUILD MORTGAGE COMPANY 1 7.13% $4,436
    GoPrime Mortgage, Inc. 1 7.50% $4,548
    Gateway First Bank 1 5.88% $2,914
    FIRST TECHNOLOGY 1 6.38% $2,758
    The Commercial and Savings Bank of Millersburg Ohio 1 5.75% $4,220
    THE EQUITABLE MORTGAGE CORPORATION 1 6.00% $3,270
    WesBanco 1 6.50% $3,743
    First National Bank of Pennsylvania 1 6.25% $4,231
    Fifth Third Bank 1 5.99% $9,359
    Ally Bank 1 6.38% $13,058
    EVERETT FINANCIAL, INC. 1 6.00% $8,219
    The State Bank and Trust Company 1 6.50% $3,311
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.50% $5,392
    EQUITY RESOURCES, INC. 1 7.00% $3,005
    Carrington Mortgage Services, LLC 1 6.25% $5,058
    Union Savings Bank 1 6.25% $1,414
    WRIGHT-PATT CREDIT UNION, INC. 1 5.25% $4,237
    ZILLOW HOME LOANS, LLC 1 7.13% $4,649
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.25% $9,197
    Merchants Bank of Indiana 1 7.88% $3,423
    Mortgage Research Center, LLC 1 5.63% $3,018
    VAN DYK MORTGAGE CORPORATION 1 7.38% $4,990
    LAKE MICHIGAN CREDIT UNION 1 6.38% $4,034
    NFM, INC. 1 6.63% $4,942

    Athens Average Closing Costs & Other Stats

    Athens, OH's 56 lenders originated 448 loans during 2023. The total origination value was $76,350,000, with an average loan value of $170,424.

    Athens's average closing costs are $4,795.

    The top Athens lender as defined by loan originations is QUICKEN LOANS, LLC, with 20 loans originated. Their average total fees are $5,817, which is $1,051 higher than the next largest lender, UNION HOME MORTGAGE CORP..

    The lowest fee Athens lenders (with over 10 loans originated) are Peoples Bank ($3,727), JPMorgan Chase Bank ($4,481), T2 FINANCIAL LLC ($4,729), UNION HOME MORTGAGE CORP. ($4,766) and QUICKEN LOANS, LLC ($5,817).

    The lowest rate Athens lenders (with over 10 loans originated) are JPMorgan Chase Bank (6.59%), QUICKEN LOANS, LLC (6.64%), Peoples Bank (6.77%), T2 FINANCIAL LLC (7.02%) and UNION HOME MORTGAGE CORP. (7.08%).

    Athens, OH 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 $8,555,000 $6,040,000 -29.4% 7.9%
    UNION HOME MORTGAGE CORP. $7,170,000 $5,075,000 -29.2% 6.6%
    M&T Realty Capital Corporation $4,955,000 n/a 6.5%
    The First National Bank of McConnelsville $5,025,000 $4,265,000 -15.1% 5.6%
    Peoples Bank $6,640,000 $4,185,000 -37.0% 5.5%
    T2 FINANCIAL LLC $3,020,000 $3,790,000 25.5% 5.0%
    JPMorgan Chase Bank $3,820,000 $3,280,000 -14.1% 4.3%
    The Huntington National Bank $3,630,000 $2,485,000 -31.5% 3.3%
    Mortgage Research Center, LLC $2,505,000 $2,475,000 -1.2% 3.2%
    NEWREZ LLC $310,000 $2,115,000 582.3% 2.8%
    RAPID MORTGAGE COMPANY $2,915,000 $2,055,000 -29.5% 2.7%
    The Ohio Valley Bank Company $1,590,000 $2,015,000 26.7% 2.6%
    Third Federal Savings and Loan Association of Cleveland $1,515,000 $1,845,000 21.8% 2.4%
    THE VINTON COUNTY NATIONAL BANK $2,150,000 $1,655,000 -23.0% 2.2%
    The Park National Bank $2,315,000 $1,435,000 -38.0% 1.9%
    The Merchants National Bank $1,700,000 $1,305,000 -23.2% 1.7%
    J. VIRGIL, INC. $1,505,000 $1,185,000 -21.3% 1.6%
    PNC Bank $2,065,000 $1,155,000 -44.1% 1.5%
    RUOFF MORTGAGE COMPANY, INC. $3,625,000 $1,045,000 -71.2% 1.4%
    First Financial Bank $235,000 $895,000 280.9% 1.2%
    POLARIS HOME FUNDING CORP. $665,000 $875,000 31.6% 1.1%
    CROSSCOUNTRY MORTGAGE, LLC $740,000 $870,000 17.6% 1.1%
    Union Savings Bank $760,000 $865,000 13.8% 1.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $805,000 $835,000 3.7% 1.1%
    UNITED WHOLESALE MORTGAGE, LLC $1,605,000 $795,000 -50.5% 1.0%
    Fifth Third Bank $740,000 $785,000 6.1% 1.0%
    The Farmers Bank & Savings Company $2,325,000 $765,000 -67.1% 1.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $440,000 $745,000 69.3% 1.0%
    MOVEMENT MORTGAGE, LLC $360,000 $695,000 93.1% 0.9%
    GUILD MORTGAGE COMPANY $635,000 n/a 0.8%
    Farm Credit Mid-America, ACA $1,305,000 $615,000 -52.9% 0.8%
    FREEDOM MORTGAGE CORPORATION $95,000 $550,000 478.9% 0.7%
    LOANDEPOT.COM, LLC $1,150,000 $535,000 -53.5% 0.7%
    WesBanco $980,000 $495,000 -49.5% 0.6%
    EQUITY RESOURCES, INC. $570,000 $450,000 -21.1% 0.6%
    U.S. Bank $160,000 $410,000 156.3% 0.5%
    First National Bank of Pennsylvania $405,000 n/a 0.5%
    VAN DYK MORTGAGE CORPORATION $395,000 n/a 0.5%
    21ST MORTGAGE CORPORATION $395,000 $365,000 -7.6% 0.5%
    Unified Bank $775,000 $360,000 -53.5% 0.5%
    Flagstar Bank, FSB $635,000 $355,000 -44.1% 0.5%
    PENNYMAC LOAN SERVICES, LLC $685,000 $350,000 -48.9% 0.5%
    Gateway First Bank $330,000 n/a 0.4%
    Towne Bank $325,000 n/a 0.4%
    Coastal Community Bank $320,000 n/a 0.4%
    Citizens Bank $55,000 $305,000 454.5% 0.4%
    LIBERTY HOME MORTGAGE CORPORATION $135,000 $300,000 122.2% 0.4%
    ZILLOW HOME LOANS, LLC $295,000 $300,000 1.7% 0.4%
    BROKER SOLUTIONS, INC. $335,000 $285,000 -14.9% 0.4%
    NAVY FEDERAL CREDIT UNION $280,000 n/a 0.4%
    Ally Bank $460,000 $275,000 -40.2% 0.4%
    Carrington Mortgage Services, LLC $125,000 $270,000 116.0% 0.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $825,000 $270,000 -67.3% 0.4%
    North Valley Bank $480,000 $270,000 -43.8% 0.4%
    AmRes Corporation $265,000 n/a 0.3%
    First Federal Bank $265,000 n/a 0.3%
    WRIGHT-PATT CREDIT UNION, INC. $330,000 $260,000 -21.2% 0.3%
    Williamstown Bank, Inc $245,000 n/a 0.3%
    The Campbell & Fetter Bank $235,000 n/a 0.3%
    FIRST TECHNOLOGY $225,000 n/a 0.3%
    MILEND, INC. $215,000 n/a 0.3%
    Peoples State Bank $215,000 n/a 0.3%
    1ST SIGNATURE LENDING, LLC $285,000 $205,000 -28.1% 0.3%
    LAKE MICHIGAN CREDIT UNION $205,000 n/a 0.3%
    NFM, INC. $930,000 $205,000 -78.0% 0.3%
    The Commercial and Savings Bank of Millersburg Ohio $195,000 n/a 0.3%
    AMERISAVE MORTGAGE CORPORATION $665,000 $185,000 -72.2% 0.2%
    TRIAD FINANCIAL SERVICES, INC. $110,000 $180,000 63.6% 0.2%
    GoPrime Mortgage, Inc. $175,000 n/a 0.2%
    HOMESPIRE MORTGAGE CORPORATION $165,000 $175,000 6.1% 0.2%
    Wells Fargo Bank $250,000 $175,000 -30.0% 0.2%
    Discover Bank $180,000 $160,000 -11.1% 0.2%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $155,000 n/a 0.2%
    EVERETT FINANCIAL, INC. $155,000 n/a 0.2%
    Heartland Bank $145,000 n/a 0.2%
    NETWORK CAPITAL FUNDING CORPORATION $145,000 n/a 0.2%
    Merchants Bank of Indiana $135,000 n/a 0.2%
    Community Bank of Parkersburg $545,000 $125,000 -77.1% 0.2%
    The State Bank and Trust Company $145,000 $115,000 -20.7% 0.2%
    LONGBRIDGE FINANCIAL, LLC $105,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $105,000 n/a 0.1%
    NTFN, INC. $105,000 n/a 0.1%
    Signature Federal Credit Union $105,000 n/a 0.1%
    THE EQUITABLE MORTGAGE CORPORATION $75,000 $105,000 40.0% 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $160,000 $95,000 -40.6% 0.1%
    DAS Acquisition Company, LLC $205,000 $85,000 -58.5% 0.1%
    NATIONS RELIABLE LENDING, LLC $85,000 n/a 0.1%
    ATOMIC CREDIT UNION, INC. $810,000 $80,000 -90.1% 0.1%
    Bethpage Federal Credit Union $75,000 n/a 0.1%
    KEMBA FINANCIAL $55,000 n/a 0.1%
    MidFirst Bank $45,000 n/a 0.1%
    Figure Lending LLC $90,000 $25,000 -72.2% 0.0%

    Athens's top lender by overall market share is QUICKEN LOANS, LLC, with 7.9% market share. In second place, with 6.6%, is UNION HOME MORTGAGE CORP., having originated $5,075,000 in loans. In third place, with 6.5%, is M&T Realty Capital Corporation, having originated $4,955,000 in loans. In fourth place, with 5.6%, is The First National Bank of McConnelsville, having originated $4,265,000 in loans. In fifth place, with 5.5%, is Peoples Bank, having originated $4,185,000 in loans.

    Athens, OH Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 303 $56,965,000 $188,003
    Home Improvement 44 $2,780,000 $63,182
    Cash Out Refi 42 $5,520,000 $131,429
    Other 35 $3,595,000 $102,714
    Refi 24 $7,490,000 $312,083

    Athens's most frequently cited loan purpose was Home Purchase, with 303 originations. The 2nd most popular reason was Home Improvement, with 44 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 156 $30,640,000 $196,410
    7-8% 123 $19,105,000 $155,325
    Over 8% 62 $5,060,000 $81,613
    5-6% 52 $9,690,000 $186,346
    3-4% 7 $615,000 $87,857
    <2.5% 1 $35,000 $35,000
    4-5% 1 $245,000 $245,000

    During 2023, Athens's most frequently originated rate bucket was 6-7%, with 156 originations.

    Loan Sizing (Athens, OH MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 180 $26,640,000 $148,000
    $100,000 or less 149 $8,485,000 $56,946
    $200k-400k 103 $28,185,000 $273,641
    $400k-600k 10 $4,610,000 $461,000
    $600k-1000k 5 $3,475,000 $695,000
    $Over $1MM 1 $4,955,000 $4,955,000

    Athens's loan sizing saw the bucket of loans from $100k-200k with 180 originations, totaling $26,640,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 204 $37,930,000 $185,931
    60-80% 87 $16,805,000 $193,161
    20-40% 43 $2,955,000 $68,721
    40-60% 35 $5,245,000 $149,857
    Under 20% 27 $985,000 $36,481
    Over 100% 5 $1,375,000 $275,000

    Athens's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 204 originations, totaling $37,930,000 in origination value.