Atmore Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Atmore averaged 6.48% 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 6.38% and one month ago for the week of 2024-09-05, the average rate was 6.41%.

Atmore's average rate one year ago was 7.65%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.92%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Atmore 30 Year Fixed Rate 2024-10-10 6.48%
Atmore 30 Year Fixed Rate Refi 2024-10-10 6.92%
Atmore 15 Year Fixed Rate 2024-10-10 5.51%
Atmore 15 Year Fixed Rate Refi 2024-10-10 5.61%
Atmore 30 Year FHA 2024-10-10 6%
Atmore 30 Year FHA Refi 2024-10-10 5.9%
Atmore 30 Year USDA 2024-10-10 5.98%
Atmore 30 Year USDA Refi 2024-10-10 6.18%
Atmore 30 Year VA 2024-10-10 5.75%
Atmore 30 Year VA Refi 2024-10-10 5.85%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Atmore, AL.

Atmore 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 Atmore, 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
QUICKEN LOANS, LLC 11 6.69% $5,725
NAVY FEDERAL CREDIT UNION 6 7.63% $3,512
Gulf Winds Credit Union 6 6.06% $2,690
BancorpSouth 6 7.08% $7,967
Regions Bank 5 6.60% $3,982
Wells Fargo Bank 4 7.19% $4,726
UNITED WHOLESALE MORTGAGE, LLC 4 7.57% $5,602
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.46% $6,941
Trustmark National Bank 3 6.13% $5,030
Truist 3 7.05% $4,560
21ST MORTGAGE CORPORATION 3 8.47% $5,246
SouthPoint Bank 3 6.50% $8,709
Plains Commerce Bank 2 6.19% $9,209
FirstBank 2 7.95% $4,911
GMFS LLC 2 6.81% $1,764
Sierra Pacific Mortgage Company, Inc. 2 6.81% $6,427
SWBC MORTGAGE CORPORATION 2 6.25% $2,882
Pen Air Federal Credit Union 2 6.50% $4,535
AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 7.31% $5,807
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.50% $5,006
NBKC BANK 1 5.75% $1,898
NEWREZ LLC 1 5.63% $3,505
Northpointe Bank 1 6.75% $3,965
PNC Bank 1 7.25% $5,569
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.50% $4,423
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.63% $3,855
Princeton Mortgage Corporation 1 6.38% $3,712
RAPID MORTGAGE COMPANY 1 6.63% $3,125
Renasant Bank 1 6.38% $4,260
River Bank & Trust 1 6.50% $1,473
ROYAL UNITED MORTGAGE LLC 1 6.88% $4,473
VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.99% $3,854
ZILLOW HOME LOANS, LLC 1 7.88% $4,102
Nations Lending Corporation 1 6.63% $5,534
ALABAMA CREDIT UNION 1 6.25% $5,081
AMERISAVE MORTGAGE CORPORATION 1 7.38% $9,807
Ameris Bank 1 7.50% $4,626
BMO Harris Bank 1 6.88% $2,484
BROKER SOLUTIONS, INC. 1 6.99% $10,434
CANOPY MORTGAGE, LLC 1 5.99% $3,675
CMG MORTGAGE, INC. 1 7.49% $5,714
CRESCENT MORTGAGE COMPANY 1 7.00% $4,821
CROSSCOUNTRY MORTGAGE, LLC 1 6.38% $5,201
EMBRACE HOME LOANS, INC. 1 6.38% $5,473
First Federal Bank, A FSB 1 6.75% $4,690
GUARANTEED RATE AFFINITY, LLC 1 6.88% $317
GUARANTEED RATE, INC. 1 6.58% $5,717
HARVESTERS FEDERAL CREDIT UNION 1 7.25% $3,019
HOMETRUST MORTGAGE COMPANY 1 6.88% $5,147
Ixonia Bank 1 8.13% $3,448
Legends Bank 1 7.99% $4,177
Mr. Cooper ( Nationstar Mortgage ) 1 6.49% $8,759

Atmore Average Closing Costs & Other Stats

Atmore, AL's 52 lenders originated 445 loans during 2023. The total origination value was $64,855,000, with an average loan value of $145,742.

Atmore's average closing costs are $4,772.

The top Atmore lender as defined by loan originations is QUICKEN LOANS, LLC, with 11 loans originated. Their average total fees are $5,725, which is $2,214 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

The lowest fee Atmore lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($5,725), .

The lowest rate Atmore lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.69%), .

Atmore, 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
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $7,540,000 $5,940,000 -21.2% 9.2%
QUICKEN LOANS, LLC $8,580,000 $5,040,000 -41.3% 7.8%
Regions Bank $4,050,000 $3,835,000 -5.3% 5.9%
21ST MORTGAGE CORPORATION $2,910,000 $2,950,000 1.4% 4.5%
Mortgage Research Center, LLC $2,300,000 $2,640,000 14.8% 4.1%
Gulf Winds Credit Union $2,950,000 $2,215,000 -24.9% 3.4%
UNITED WHOLESALE MORTGAGE, LLC $2,660,000 $2,200,000 -17.3% 3.4%
VANDERBILT MORTGAGE AND FINANCE, INC. $570,000 $2,040,000 257.9% 3.1%
NAVY FEDERAL CREDIT UNION $3,025,000 $1,995,000 -34.0% 3.1%
Trustmark National Bank $5,275,000 $1,830,000 -65.3% 2.8%
Plains Commerce Bank $1,650,000 n/a 2.5%
SWBC MORTGAGE CORPORATION $1,370,000 n/a 2.1%
BancorpSouth $745,000 $1,180,000 58.4% 1.8%
SouthPoint Bank $1,190,000 $1,085,000 -8.8% 1.7%
BROKER SOLUTIONS, INC. $350,000 $1,075,000 207.1% 1.7%
GUILD MORTGAGE COMPANY $1,465,000 $945,000 -35.5% 1.5%
Truist $715,000 $865,000 21.0% 1.3%
EMBRACE HOME LOANS, INC. $105,000 $825,000 685.7% 1.3%
Pen Air Federal Credit Union $335,000 $825,000 146.3% 1.3%
Renasant Bank $1,000,000 $725,000 -27.5% 1.1%
Wells Fargo Bank $1,015,000 $710,000 -30.0% 1.1%
SOUTHWEST STAGE FUNDING, LLC $425,000 $700,000 64.7% 1.1%
UNION HOME MORTGAGE CORP. $145,000 $670,000 362.1% 1.0%
Mr. Cooper ( Nationstar Mortgage ) $1,100,000 $660,000 -40.0% 1.0%
NBKC BANK $660,000 n/a 1.0%
AgFirst Farm Credit Bank $655,000 n/a 1.0%
MID AMERICA MORTGAGE, INC. $715,000 $640,000 -10.5% 1.0%
STOCKTON MORTGAGE CORPORATION $640,000 n/a 1.0%
United Bank $2,405,000 $640,000 -73.4% 1.0%
NEW DAY FINANCIAL, LLC $840,000 $595,000 -29.2% 0.9%
FirstBank $1,035,000 $570,000 -44.9% 0.9%
AMERISAVE MORTGAGE CORPORATION $275,000 $525,000 90.9% 0.8%
CROSSCOUNTRY MORTGAGE, LLC $740,000 $480,000 -35.1% 0.7%
The Federal Savings Bank $315,000 $400,000 27.0% 0.6%
THE MORTGAGE FIRM, INC. $685,000 $380,000 -44.5% 0.6%
AMWEST FUNDING CORP. $360,000 n/a 0.6%
CCB Community Bank $195,000 $360,000 84.6% 0.6%
LOANDEPOT.COM, LLC $1,670,000 $355,000 -78.7% 0.5%
GMFS LLC $175,000 $350,000 100.0% 0.5%
Citizens Bank $455,000 $340,000 -25.3% 0.5%
AMERICAN FINANCIAL RESOURCES, INC. $350,000 $335,000 -4.3% 0.5%
ACADEMY MORTGAGE CORPORATION $325,000 n/a 0.5%
Ameris Bank $320,000 n/a 0.5%
FLAT BRANCH MORTGAGE, INC. $315,000 n/a 0.5%
AMERIFIRST BANK $295,000 n/a 0.5%
Carrington Mortgage Services, LLC $275,000 $295,000 7.3% 0.5%
CRESCENT MORTGAGE COMPANY $175,000 $295,000 68.6% 0.5%
PNC Bank $270,000 $295,000 9.3% 0.5%
NEWREZ LLC $255,000 $285,000 11.8% 0.4%
GUARANTEED RATE, INC. $205,000 $280,000 36.6% 0.4%
Sierra Pacific Mortgage Company, Inc. $270,000 n/a 0.4%
LIBERTY HOME MORTGAGE CORPORATION $270,000 $265,000 -1.9% 0.4%
MORTGAGE SOLUTIONS OF COLORADO, LLC $255,000 n/a 0.4%
University Bank $265,000 $255,000 -3.8% 0.4%
Thomasville National Bank $235,000 n/a 0.4%
THRIVE MORTGAGE, LLC $225,000 n/a 0.3%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $220,000 n/a 0.3%
PENTAGON FEDERAL CREDIT UNION $220,000 n/a 0.3%
HOMETRUST MORTGAGE COMPANY $215,000 n/a 0.3%
PRIMARY RESIDENTIAL MORTGAGE, INC. $450,000 $215,000 -52.2% 0.3%
ALL IN $35,000 $210,000 500.0% 0.3%
ALABAMA CREDIT UNION $205,000 n/a 0.3%
Barrington Bank & Trust Company, N.A. $195,000 $195,000 0.0% 0.3%
GUARANTEED RATE AFFINITY, LLC $195,000 n/a 0.3%
Princeton Mortgage Corporation $195,000 n/a 0.3%
The Citizens Bank $195,000 n/a 0.3%
American Airlines Federal Credit Union $185,000 n/a 0.3%
CMG MORTGAGE, INC. $245,000 $185,000 -24.5% 0.3%
RAPID MORTGAGE COMPANY $185,000 n/a 0.3%
AMERICAN HERITAGE LENDING, INC. $175,000 n/a 0.3%
Legends Bank $175,000 n/a 0.3%
CANOPY MORTGAGE, LLC $165,000 n/a 0.3%
Equity Prime Mortgage LLC $165,000 n/a 0.3%
Flagstar Bank, FSB $155,000 $165,000 6.5% 0.3%
Paramount Residential Mortgage Group, Inc. $165,000 $165,000 0.0% 0.3%
SOUTHEAST MORTGAGE OF GEORGIA, INC. $300,000 $165,000 -45.0% 0.3%
CARDINAL FINANCIAL $555,000 $155,000 -72.1% 0.2%
FREEDOM MORTGAGE CORPORATION $2,240,000 $155,000 -93.1% 0.2%
LENDINGONE, LLC $155,000 n/a 0.2%
Mid-Continent Funding, Inc. $155,000 n/a 0.2%
SUN WEST MORTGAGE COMPANY, INC. $85,000 $155,000 82.4% 0.2%
MEMBERS FIRST CREDIT UNION OF FLORIDA $150,000 n/a 0.2%
BMO Harris Bank $145,000 n/a 0.2%
PENNYMAC LOAN SERVICES, LLC $450,000 $135,000 -70.0% 0.2%
River Bank & Trust $125,000 $135,000 8.0% 0.2%
Ixonia Bank $130,000 n/a 0.2%
1ST SIGNATURE LENDING, LLC $125,000 n/a 0.2%
First Federal Bank, A FSB $125,000 n/a 0.2%
Northpointe Bank $255,000 $125,000 -51.0% 0.2%
AMERICAN FINANCING CORPORATION $105,000 n/a 0.2%
CIS Financial Services, Inc. $105,000 n/a 0.2%
ENVOY MORTGAGE, LTD $105,000 n/a 0.2%
Nations Lending Corporation $445,000 $105,000 -76.4% 0.2%
West Alabama Bank & Trust $105,000 n/a 0.2%
CREDIT HUMAN FEDERAL CREDIT UNION $95,000 n/a 0.1%
Tyndall Federal Credit Union $395,000 $95,000 -75.9% 0.1%
LAKEVIEW LOAN SERVICING, LLC $530,000 $75,000 -85.8% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $340,000 $75,000 -77.9% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $115,000 $75,000 -34.8% 0.1%
TRIAD FINANCIAL SERVICES, INC. $560,000 $75,000 -86.6% 0.1%
ZILLOW HOME LOANS, LLC $135,000 $75,000 -44.4% 0.1%
ALABAMA STATE EMPLOYEES CREDIT UNION $55,000 n/a 0.1%
Bank of America $55,000 n/a 0.1%
Coastal Community Bank $55,000 n/a 0.1%
Discover Bank $35,000 $55,000 57.1% 0.1%
HARVESTERS FEDERAL CREDIT UNION $55,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $45,000 n/a 0.1%
PLANET HOME LENDING, LLC $35,000 n/a 0.1%
ITHINK FINANCIAL Credit Union $15,000 n/a 0.0%

Atmore's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 9.2% market share. In second place, with 7.8%, is QUICKEN LOANS, LLC, having originated $5,040,000 in loans. In third place, with 5.9%, is Regions Bank, having originated $3,835,000 in loans. In fourth place, with 4.5%, is 21ST MORTGAGE CORPORATION, having originated $2,950,000 in loans. In fifth place, with 4.1%, is Mortgage Research Center, LLC, having originated $2,640,000 in loans.

Atmore, AL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 266 $44,500,000 $167,293
Cash Out Refi 91 $13,105,000 $144,011
Refi 34 $3,800,000 $111,765
Home Improvement 31 $2,075,000 $66,935
Other 23 $1,375,000 $59,783

Atmore's most frequently cited loan purpose was Home Purchase, with 266 originations. The 2nd most popular reason was Cash Out Refi, with 91 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 145 $25,265,000 $174,241
Over 8% 112 $12,190,000 $108,839
7-8% 82 $13,120,000 $160,000
5-6% 69 $10,605,000 $153,696
4-5% 5 $785,000 $157,000
3-4% 1 $45,000 $45,000

During 2023, Atmore's most frequently originated rate bucket was 6-7%, with 145 originations.

Loan Sizing (Atmore, AL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 179 $26,945,000 $150,531
$100,000 or less 164 $8,970,000 $54,695
$200k-400k 90 $22,790,000 $253,222
$400k-600k 10 $4,710,000 $471,000
$600k-1000k 2 $1,440,000 $720,000

Atmore's loan sizing saw the bucket of loans from $100k-200k with 179 originations, totaling $26,945,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 203 $37,905,000 $186,724
60-80% 83 $13,185,000 $158,855
40-60% 41 $5,345,000 $130,366
Under 20% 39 $1,665,000 $42,692
20-40% 37 $2,235,000 $60,405
Over 100% 8 $1,350,000 $168,750

Atmore's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 203 originations, totaling $37,905,000 in origination value.