Athens Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Athens averaged
6.89%
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
7.01% and
one month ago for the week of 2024-06-13, the
average rate was 7.07%.
Athens's average rate one year ago was 6.68%.
For refis of the same type during the week of 2024-07-18, the average rate
was 6.67%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Athens 30 Year Fixed Rate | 2024-07-18 | 6.89% |
| Athens 30 Year Fixed Rate Refi | 2024-07-18 | 6.67% |
| Athens 15 Year Fixed Rate | 2024-07-18 | 6.05% |
| Athens 15 Year Fixed Rate Refi | 2024-07-18 | 6.65% |
| Athens 30 Year FHA | 2024-07-18 | 6.23% |
| Athens 30 Year FHA Refi | 2024-07-18 | 6.39% |
| Athens 30 Year USDA | 2024-07-18 | 6.83% |
| Athens 30 Year USDA Refi | 2024-07-18 | 6.43% |
| Athens 30 Year VA | 2024-07-18 | 6.22% |
| Athens 30 Year VA Refi | 2024-07-18 | 6.5% |
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, TN 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.).
Athens Average Closing Costs & Other Stats
Athens, TN's 74 lenders originated 1,150
loans during 2023. The total origination value was $223,300,000, with an average loan value of
$194,174.
Athens's average closing costs are $5,409.
The top Athens lender as defined by loan originations is CapStar Bank, with
33 loans originated. Their average total fees are
$3,591, which is $1,867
lower than the next largest lender,
MORTGAGE INVESTORS GROUP, INC..
The lowest fee Athens lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($2,496), CapStar Bank ($3,591), Simmons Bank ($4,125), QUICKEN LOANS, LLC ($5,325) and MORTGAGE INVESTORS GROUP, INC. ($5,458).
The lowest rate Athens lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.50%), CMG MORTGAGE, INC. (6.44%), MORTGAGE INVESTORS GROUP, INC. (6.60%), CapStar Bank (6.66%) and QUICKEN LOANS, LLC (6.71%).
Athens, TN 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 |
|---|---|---|---|---|
| DHI MORTGAGE COMPANY, LTD. | $5,605,000 | $21,020,000 | 275.0% | 9.4% |
| MORTGAGE INVESTORS GROUP, INC. | $16,325,000 | $16,315,000 | -0.1% | 7.3% |
| CapStar Bank | $26,400,000 | $14,180,000 | -46.3% | 6.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $9,690,000 | $13,215,000 | 36.4% | 5.9% |
| QUICKEN LOANS, LLC | $16,425,000 | $10,495,000 | -36.1% | 4.7% |
| CMG MORTGAGE, INC. | $5,735,000 | $7,585,000 | 32.3% | 3.4% |
| Mortgage Research Center, LLC | $9,335,000 | $7,260,000 | -22.2% | 3.3% |
| Simmons Bank | $8,670,000 | $6,145,000 | -29.1% | 2.8% |
| CARDINAL FINANCIAL | $10,455,000 | $4,925,000 | -52.9% | 2.2% |
| Farm Credit Mid-America, ACA | $5,890,000 | $4,920,000 | -16.5% | 2.2% |
| TENNESSEE VALLEY | $7,255,000 | $4,525,000 | -37.6% | 2.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $3,075,000 | $4,500,000 | 46.3% | 2.0% |
| NEWREZ LLC | $1,385,000 | $4,260,000 | 207.6% | 1.9% |
| FIRST COMMUNITY MORTGAGE, INC. | $8,005,000 | $4,190,000 | -47.7% | 1.9% |
| MOVEMENT MORTGAGE, LLC | $4,300,000 | $4,040,000 | -6.0% | 1.8% |
| LOANDEPOT.COM, LLC | $3,105,000 | $3,930,000 | 26.6% | 1.8% |
| Regions Bank | $4,670,000 | $3,045,000 | -34.8% | 1.4% |
| Truist | $4,760,000 | $3,035,000 | -36.2% | 1.4% |
| First Citizens National Bank | $1,605,000 | $2,950,000 | 83.8% | 1.3% |
| First Horizon Bank | $1,180,000 | $2,835,000 | 140.3% | 1.3% |
| ORNL Federal Credit Union | $2,470,000 | $2,455,000 | -0.6% | 1.1% |
| SouthEast Bank | $3,065,000 | $2,455,000 | -19.9% | 1.1% |
| 1ST SIGNATURE LENDING, LLC | $1,440,000 | $2,310,000 | 60.4% | 1.0% |
| COMMUNITY MORTGAGE CORPORATION | $2,655,000 | $2,285,000 | -13.9% | 1.0% |
| Citizens Bank | $205,000 | $2,110,000 | 929.3% | 0.9% |
| United Community Bank | $3,020,000 | $2,060,000 | -31.8% | 0.9% |
| FREEDOM MORTGAGE CORPORATION | $3,475,000 | $2,010,000 | -42.2% | 0.9% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,430,000 | $1,880,000 | -45.2% | 0.8% |
| Sierra Pacific Mortgage Company, Inc. | $1,250,000 | $1,845,000 | 47.6% | 0.8% |
| Gateway First Bank | $5,275,000 | $1,835,000 | -65.2% | 0.8% |
| AMERICAN FINANCIAL RESOURCES, INC. | $425,000 | $1,730,000 | 307.1% | 0.8% |
| Bank of Cleveland | $2,325,000 | $1,675,000 | -28.0% | 0.8% |
| Y-12 Federal Credit Union | $355,000 | $1,635,000 | 360.6% | 0.7% |
| Citizens National Bank | $1,885,000 | $1,575,000 | -16.4% | 0.7% |
| First Volunteer Bank | $1,680,000 | $1,520,000 | -9.5% | 0.7% |
| TJC Mortgage, Inc. | $4,025,000 | $1,485,000 | -63.1% | 0.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $645,000 | $1,455,000 | 125.6% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $2,825,000 | $1,430,000 | -49.4% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $930,000 | $1,375,000 | 47.8% | 0.6% |
| FirstBank | $1,535,000 | $1,365,000 | -11.1% | 0.6% |
| Bowater Employees Credit Union | $4,555,000 | $1,300,000 | -71.5% | 0.6% |
| 21ST MORTGAGE CORPORATION | $2,520,000 | $1,235,000 | -51.0% | 0.6% |
| STOCKTON MORTGAGE CORPORATION | $1,430,000 | $1,170,000 | -18.2% | 0.5% |
| PHH Mortgage Corporation | $95,000 | $1,165,000 | 1,126.3% | 0.5% |
| LEADERONE FINANCIAL CORPORATION | $1,085,000 | n/a | 0.5% | |
| ENRICHMENT | $255,000 | $1,015,000 | 298.0% | 0.5% |
| BancorpSouth | $1,175,000 | $980,000 | -16.6% | 0.4% |
| Equity Prime Mortgage LLC | $115,000 | $915,000 | 695.7% | 0.4% |
| Peoples Bank of East Tennessee | $1,935,000 | $760,000 | -60.7% | 0.3% |
| BROKER SOLUTIONS, INC. | $1,225,000 | $755,000 | -38.4% | 0.3% |
| USAA Federal Savings Bank | $945,000 | $750,000 | -20.6% | 0.3% |
| UNION HOME MORTGAGE CORP. | $205,000 | $730,000 | 256.1% | 0.3% |
| Renasant Bank | $2,515,000 | $720,000 | -71.4% | 0.3% |
| U.S. Bank | $1,010,000 | $710,000 | -29.7% | 0.3% |
| Bank of America | $540,000 | $705,000 | 30.6% | 0.3% |
| MID AMERICA MORTGAGE, INC. | $455,000 | $695,000 | 52.7% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $690,000 | $665,000 | -3.6% | 0.3% |
| Flagstar Bank, FSB | $1,230,000 | $655,000 | -46.7% | 0.3% |
| AMERICAN FINANCIAL NETWORK, INC. | $645,000 | n/a | 0.3% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $245,000 | $645,000 | 163.3% | 0.3% |
| NFM, INC. | $630,000 | n/a | 0.3% | |
| LENDINGHOME FUNDING CORPORATION | $250,000 | $615,000 | 146.0% | 0.3% |
| River Valley AgCredit, ACA | $610,000 | n/a | 0.3% | |
| MICHIGAN MUTUAL, INC. | $595,000 | $605,000 | 1.7% | 0.3% |
| KNOXVILLE TVA EMPLOYEES CREDIT UNION | $525,000 | $555,000 | 5.7% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $1,280,000 | $535,000 | -58.2% | 0.2% |
| Wells Fargo Bank | $1,735,000 | $530,000 | -69.5% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $135,000 | $510,000 | 277.8% | 0.2% |
| SUMMIT FUNDING, INC. | $205,000 | $495,000 | 141.5% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $175,000 | $470,000 | 168.6% | 0.2% |
| ISERVE RESIDENTIAL LENDING, LLC | $490,000 | $470,000 | -4.1% | 0.2% |
| PLANET HOME LENDING, LLC | $675,000 | $465,000 | -31.1% | 0.2% |
| Princeton Mortgage Corporation | $930,000 | $445,000 | -52.2% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,055,000 | $440,000 | -58.3% | 0.2% |
| Coastal Community Bank | $435,000 | n/a | 0.2% | |
| NEW DAY FINANCIAL, LLC | $1,215,000 | $420,000 | -65.4% | 0.2% |
| TOWNE MORTGAGE COMPANY | $415,000 | n/a | 0.2% | |
| Plains Commerce Bank | $405,000 | n/a | 0.2% | |
| Affiliated Bank | $400,000 | n/a | 0.2% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $500,000 | $400,000 | -20.0% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $435,000 | $400,000 | -8.0% | 0.2% |
| First Financial Bank | $395,000 | n/a | 0.2% | |
| AMERISAVE MORTGAGE CORPORATION | $560,000 | $390,000 | -30.4% | 0.2% |
| PANORAMA MORTGAGE GROUP, LLC | $380,000 | n/a | 0.2% | |
| Ameris Bank | $375,000 | $365,000 | -2.7% | 0.2% |
| SIRVA MORTGAGE, INC. | $365,000 | n/a | 0.2% | |
| SmartBank | $360,000 | n/a | 0.2% | |
| Prosperity Home Mortgage, LLC | $355,000 | n/a | 0.2% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,420,000 | $350,000 | -75.4% | 0.2% |
| BMO Harris Bank | $340,000 | n/a | 0.2% | |
| Nations Lending Corporation | $175,000 | $330,000 | 88.6% | 0.1% |
| Armed Forces Bank | $315,000 | n/a | 0.1% | |
| FLAT BRANCH MORTGAGE, INC. | $305,000 | n/a | 0.1% | |
| Grow Financial Federal Credit Union | $285,000 | n/a | 0.1% | |
| UNITED | $285,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $345,000 | $280,000 | -18.8% | 0.1% |
| CONTOUR MORTGAGE CORPORATION | $275,000 | n/a | 0.1% | |
| Waterstone Mortgage Corporation | $275,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $270,000 | n/a | 0.1% | |
| Commercial Bank | $340,000 | $255,000 | -25.0% | 0.1% |
| HOMESTAR FINANCIAL CORPORATION | $420,000 | $255,000 | -39.3% | 0.1% |
| FirstTrust Home Loans, Inc. | $245,000 | n/a | 0.1% | |
| GMFS LLC | $245,000 | n/a | 0.1% | |
| Magnolia Bank | $245,000 | n/a | 0.1% | |
| VAN DYK MORTGAGE CORPORATION | $195,000 | $235,000 | 20.5% | 0.1% |
| ALAMEDA MORTGAGE CORPORATION | $370,000 | $225,000 | -39.2% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $315,000 | $220,000 | -30.2% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $215,000 | n/a | 0.1% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $215,000 | n/a | 0.1% | |
| Pinnacle Bank | $660,000 | $215,000 | -67.4% | 0.1% |
| S1L, Inc. | $215,000 | n/a | 0.1% | |
| JPMorgan Chase Bank | $1,160,000 | $210,000 | -81.9% | 0.1% |
| AMERICAN FINANCING CORPORATION | $365,000 | $205,000 | -43.8% | 0.1% |
| Bank of England | $165,000 | $205,000 | 24.2% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $755,000 | $205,000 | -72.8% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $205,000 | n/a | 0.1% | |
| INTERNATIONAL CITY MORTGAGE, INC. | $195,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $645,000 | $185,000 | -71.3% | 0.1% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $145,000 | $185,000 | 27.6% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $325,000 | $185,000 | -43.1% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $185,000 | n/a | 0.1% | |
| CITYWIDE HOME LOANS, LLC | $175,000 | n/a | 0.1% | |
| Wolfe Financial, Inc | $175,000 | n/a | 0.1% | |
| AMCAP MORTGAGE, LTD. | $225,000 | $170,000 | -24.4% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $165,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $800,000 | $165,000 | -79.4% | 0.1% |
| MILEND, INC. | $165,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $145,000 | $165,000 | 13.8% | 0.1% |
| Baxter Credit Union | $225,000 | $155,000 | -31.1% | 0.1% |
| EMM LOANS LLC | $155,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $155,000 | n/a | 0.1% | |
| Apex Bank | $400,000 | $150,000 | -62.5% | 0.1% |
| Figure Lending LLC | $120,000 | $150,000 | 25.0% | 0.1% |
| Discover Bank | $105,000 | $145,000 | 38.1% | 0.1% |
| GUARANTY MORTGAGE SERVICES, L.L.C. | $145,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $165,000 | $140,000 | -15.2% | 0.1% |
| NORTHERN MORTGAGE SERVICES, LLC | $135,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,060,000 | $135,000 | -87.3% | 0.1% |
| GUILD MORTGAGE COMPANY | $1,145,000 | $125,000 | -89.1% | 0.1% |
| DAS Acquisition Company, LLC | $470,000 | $105,000 | -77.7% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $105,000 | n/a | 0.0% | |
| PNC Bank | $110,000 | $105,000 | -4.5% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $95,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $95,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $85,000 | n/a | 0.0% | |
| Honor Credit Union | $85,000 | n/a | 0.0% | |
| LOANPAL, LLC | $75,000 | n/a | 0.0% | |
| Pinnacle Bank | $660,000 | $65,000 | -90.2% | 0.0% |
| F&M Bank | $45,000 | n/a | 0.0% | |
| The Federal Savings Bank | $660,000 | $45,000 | -93.2% | 0.0% |
Athens's top lender by overall market share is DHI MORTGAGE COMPANY, LTD., with 9.4% market share. In second place, with 7.3%, is MORTGAGE INVESTORS GROUP, INC., having originated $16,315,000 in loans. In third place, with 6.4%, is CapStar Bank, having originated $14,180,000 in loans. In fourth place, with 5.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $13,215,000 in loans. In fifth place, with 4.7%, is QUICKEN LOANS, LLC, having originated $10,495,000 in loans.
Athens, TN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 711 | $163,605,000 | $230,105 |
| Cash Out Refi | 163 | $28,305,000 | $173,650 |
| Other | 100 | $7,900,000 | $79,000 |
| Refi | 90 | $15,080,000 | $167,556 |
| Home Improvement | 86 | $8,410,000 | $97,791 |
Athens's most frequently cited loan purpose was Home Purchase, with 711 originations. The 2nd most popular reason was Cash Out Refi, with 163 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 363 | $81,895,000 | $225,606 |
| 7-8% | 250 | $53,120,000 | $212,480 |
| Over 8% | 226 | $22,200,000 | $98,230 |
| 5-6% | 224 | $51,540,000 | $230,089 |
| 4-5% | 35 | $8,535,000 | $243,857 |
| <2.5% | 7 | $35,000 | $5,000 |
| 3-4% | 2 | $280,000 | $140,000 |
During 2023, Athens's most frequently originated rate bucket was 6-7%, with 363 originations.
Loan Sizing (Athens, TN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 416 | $110,460,000 | $265,529 |
| $100k-200k | 394 | $60,020,000 | $152,335 |
| $100,000 or less | 264 | $13,910,000 | $52,689 |
| $400k-600k | 68 | $31,780,000 | $467,353 |
| $600k-1000k | 6 | $4,350,000 | $725,000 |
| $Over $1MM | 2 | $2,780,000 | $1,390,000 |
Athens's loan sizing saw the bucket of loans from $200k-400k with 416 originations, totaling $110,460,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 504 | $126,560,000 | $251,111 |
| 60-80% | 214 | $47,020,000 | $219,720 |
| Under 20% | 140 | $5,840,000 | $41,714 |
| 20-40% | 113 | $10,605,000 | $93,850 |
| 40-60% | 111 | $19,875,000 | $179,054 |
| Over 100% | 26 | $7,370,000 | $283,462 |
Athens's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 504 originations, totaling $126,560,000 in origination value.