Atmore Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Atmore averaged
6.66%
for the week of 2023-03-23, compared to the national average of
6.42% for the same period.
The average rate for the prior week (2023-03-16) was
7.14% and
one month ago for the week of 2023-02-16, the
average rate was 6.66%.
Atmore's average rate one year ago was 3.87%.
For refis of the same type during the week of 2023-03-23, the average rate
was 6.85%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-23 | 6.42% |
| Atmore 30 Year Fixed Rate | 2023-03-23 | 6.66% |
| Atmore 30 Year Fixed Rate Refi | 2023-03-23 | 6.85% |
| Atmore 15 Year Fixed Rate | 2023-03-23 | 7.19% |
| Atmore 15 Year Fixed Rate Refi | 2023-03-23 | 6.12% |
| Atmore 30 Year FHA | 2023-03-23 | 6.44% |
| Atmore 30 Year FHA Refi | 2023-03-23 | 6.15% |
| Atmore 30 Year USDA | 2023-03-23 | 6.37% |
| Atmore 30 Year USDA Refi | 2023-03-23 | 5.7% |
| Atmore 30 Year VA | 2023-03-23 | 6.13% |
| Atmore 30 Year VA Refi | 2023-03-23 | 5.89% |
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.).
Atmore Average Closing Costs & Other Stats
Atmore, AL's 47 lenders originated 572
loans during 2022. The total origination value was $84,780,000, with an average loan value of
$148,217.
Atmore's average closing costs are $4,511.
The top Atmore lender as defined by loan originations is QUICKEN LOANS, LLC, with
22 loans originated. Their average total fees are
$5,329, which is $466
higher than the next largest lender,
Hometown Lenders, Inc..
The lowest fee Atmore lenders (with over 10 loans originated) are
Gulf Winds Credit Union ($2,369), Trustmark National Bank ($3,292), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,131), Hometown Lenders, Inc. ($4,863) and QUICKEN LOANS, LLC ($5,329).
The lowest rate Atmore lenders (with over 10 loans originated) are
Gulf Winds Credit Union (4.10%), Trustmark National Bank (4.71%), QUICKEN LOANS, LLC (4.79%), Hometown Lenders, Inc. (4.94%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (5.28%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $11,715,000 | $8,580,000 | -26.8% | 10.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $6,700,000 | $7,540,000 | 12.5% | 8.9% |
| Trustmark National Bank | $5,720,000 | $5,275,000 | -7.8% | 6.2% |
| Regions Bank | $6,050,000 | $4,050,000 | -33.1% | 4.8% |
| HOME POINT FINANCIAL CORPORATION | $3,755,000 | $4,020,000 | 7.1% | 4.7% |
| Hometown Lenders, Inc. | $3,195,000 | $3,380,000 | 5.8% | 4.0% |
| NAVY FEDERAL CREDIT UNION | $1,000,000 | $3,025,000 | 202.5% | 3.6% |
| Gulf Winds Credit Union | $3,165,000 | $2,950,000 | -6.8% | 3.5% |
| 21ST MORTGAGE CORPORATION | $2,465,000 | $2,910,000 | 18.1% | 3.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,830,000 | $2,660,000 | -6.0% | 3.1% |
| United Bank | $3,665,000 | $2,405,000 | -34.4% | 2.8% |
| Mortgage Research Center, LLC | $2,565,000 | $2,300,000 | -10.3% | 2.7% |
| FREEDOM MORTGAGE CORPORATION | $3,940,000 | $2,240,000 | -43.1% | 2.6% |
| LOANDEPOT.COM, LLC | $1,940,000 | $1,670,000 | -13.9% | 2.0% |
| GUILD MORTGAGE COMPANY | $2,045,000 | $1,465,000 | -28.4% | 1.7% |
| SouthPoint Bank | $890,000 | $1,190,000 | 33.7% | 1.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,670,000 | $1,100,000 | -34.1% | 1.3% |
| FirstBank | $330,000 | $1,035,000 | 213.6% | 1.2% |
| Wells Fargo Bank | $1,620,000 | $1,015,000 | -37.3% | 1.2% |
| Renasant Bank | $1,385,000 | $1,000,000 | -27.8% | 1.2% |
| NEW DAY FINANCIAL, LLC | $670,000 | $840,000 | 25.4% | 1.0% |
| BancorpSouth Bank | $970,000 | $745,000 | -23.2% | 0.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $740,000 | n/a | 0.9% | |
| MID AMERICA MORTGAGE, INC. | $830,000 | $715,000 | -13.9% | 0.8% |
| Truist | $815,000 | $715,000 | -12.3% | 0.8% |
| THE MORTGAGE FIRM, INC. | $615,000 | $685,000 | 11.4% | 0.8% |
| Bank of England | $105,000 | $675,000 | 542.9% | 0.8% |
| JPMorgan Chase Bank | $340,000 | $640,000 | 88.2% | 0.8% |
| EVERETT FINANCIAL, INC. | $605,000 | n/a | 0.7% | |
| VILLAGE CAPITAL MORTGAGE | $525,000 | $580,000 | 10.5% | 0.7% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $525,000 | $570,000 | 8.6% | 0.7% |
| TRIAD FINANCIAL SERVICES, INC. | $75,000 | $560,000 | 646.7% | 0.7% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $425,000 | $555,000 | 30.6% | 0.7% |
| LAKEVIEW LOAN SERVICING, LLC | $1,325,000 | $530,000 | -60.0% | 0.6% |
| Synovus Bank | $525,000 | n/a | 0.6% | |
| Citizens Bank | $250,000 | $455,000 | 82.0% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $370,000 | $450,000 | 21.6% | 0.5% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $335,000 | $450,000 | 34.3% | 0.5% |
| Nations Lending Corporation | $95,000 | $445,000 | 368.4% | 0.5% |
| EMM LOANS LLC | $440,000 | n/a | 0.5% | |
| Centennial Bank | $425,000 | n/a | 0.5% | |
| SOUTHWEST STAGE FUNDING, LLC | $425,000 | n/a | 0.5% | |
| USAA Federal Savings Bank | $355,000 | $410,000 | 15.5% | 0.5% |
| Tyndall Federal Credit Union | $35,000 | $395,000 | 1,028.6% | 0.5% |
| First Horizon Bank | $365,000 | n/a | 0.4% | |
| Community Bank of Mississippi | $130,000 | $355,000 | 173.1% | 0.4% |
| AMERICAN FINANCIAL RESOURCES, INC. | $180,000 | $350,000 | 94.4% | 0.4% |
| BROKER SOLUTIONS, INC. | $330,000 | $350,000 | 6.1% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $340,000 | n/a | 0.4% | |
| Pen Air Federal Credit Union | $1,640,000 | $335,000 | -79.6% | 0.4% |
| The Federal Savings Bank | $315,000 | n/a | 0.4% | |
| HOMESIDE FINANCIAL, LLC | $535,000 | $305,000 | -43.0% | 0.4% |
| SOUTHEAST MORTGAGE OF GEORGIA, INC. | $340,000 | $300,000 | -11.8% | 0.4% |
| Century Mortgage Company DBA Century Lending Company | $290,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $395,000 | $275,000 | -30.4% | 0.3% |
| Carrington Mortgage Services, LLC | $550,000 | $275,000 | -50.0% | 0.3% |
| FIRST COMMUNITY MORTGAGE, INC. | $330,000 | $275,000 | -16.7% | 0.3% |
| LIBERTY HOME MORTGAGE CORPORATION | $270,000 | n/a | 0.3% | |
| PNC Bank | $270,000 | n/a | 0.3% | |
| University Bank | $265,000 | n/a | 0.3% | |
| VAN DYK MORTGAGE CORPORATION | $265,000 | n/a | 0.3% | |
| APCO EMPLOYEES | $255,000 | n/a | 0.3% | |
| NEWREZ LLC | $960,000 | $255,000 | -73.4% | 0.3% |
| Northpointe Bank | $255,000 | n/a | 0.3% | |
| CMG MORTGAGE, INC. | $165,000 | $245,000 | 48.5% | 0.3% |
| Paramount Bank | $245,000 | n/a | 0.3% | |
| KEESLER | $225,000 | n/a | 0.3% | |
| The Home Loan Expert LLC | $225,000 | n/a | 0.3% | |
| U.S. Bank | $225,000 | n/a | 0.3% | |
| GUARANTEED RATE, INC. | $640,000 | $205,000 | -68.0% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $180,000 | $195,000 | 8.3% | 0.2% |
| CCB Community Bank | $330,000 | $195,000 | -40.9% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $910,000 | $190,000 | -79.1% | 0.2% |
| CALIBER HOME LOANS, INC. | $1,020,000 | $185,000 | -81.9% | 0.2% |
| CRESCENT MORTGAGE COMPANY | $2,875,000 | $175,000 | -93.9% | 0.2% |
| GMFS LLC | $210,000 | $175,000 | -16.7% | 0.2% |
| ServisFirst Bank | $690,000 | $175,000 | -74.6% | 0.2% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $175,000 | n/a | 0.2% | |
| BAY EQUITY LLC | $165,000 | n/a | 0.2% | |
| Paramount Residential Mortgage Group, Inc. | $165,000 | n/a | 0.2% | |
| PHH Mortgage Corporation | $160,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $365,000 | $155,000 | -57.5% | 0.2% |
| ACOPIA, LLC | $150,000 | n/a | 0.2% | |
| UNION HOME MORTGAGE CORP. | $145,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $135,000 | n/a | 0.2% | |
| CHURCHILL MORTGAGE CORPORATION | $125,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $135,000 | $125,000 | -7.4% | 0.1% |
| River Bank & Trust | $125,000 | n/a | 0.1% | |
| First Internet Bank of Indiana | $120,000 | n/a | 0.1% | |
| Guardian Credit Union | $115,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $375,000 | $115,000 | -69.3% | 0.1% |
| EMBRACE HOME LOANS, INC. | $240,000 | $105,000 | -56.3% | 0.1% |
| South State Bank | $105,000 | n/a | 0.1% | |
| DAS Acquisition Company, LLC | $95,000 | n/a | 0.1% | |
| Hancock Whitney Bank | $185,000 | $95,000 | -48.6% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $85,000 | n/a | 0.1% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $75,000 | n/a | 0.1% | |
| MIDLAND MORTGAGE CORPORATION | $75,000 | n/a | 0.1% | |
| United Community Bank | $65,000 | n/a | 0.1% | |
| ALL IN | $75,000 | $35,000 | -53.3% | 0.0% |
| Discover Bank | $35,000 | n/a | 0.0% | |
| CSL Financial, LLC | $25,000 | n/a | 0.0% |
Atmore's top lender by overall market share is QUICKEN LOANS, LLC, with 10.1% market share. In second place, with 8.9%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $7,540,000 in loans. In third place, with 6.2%, is Trustmark National Bank, having originated $5,275,000 in loans. In fourth place, with 4.8%, is Regions Bank, having originated $4,050,000 in loans. In fifth place, with 4.7%, is HOME POINT FINANCIAL CORPORATION, having originated $4,020,000 in loans.
Atmore, AL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 338 | $55,550,000 | $164,349 |
| Cash Out Refi | 109 | $15,715,000 | $144,174 |
| Refi | 75 | $10,355,000 | $138,067 |
| Home Improvement | 27 | $1,535,000 | $56,852 |
| Other | 23 | $1,625,000 | $70,652 |
Atmore's most frequently cited loan purpose was Home Purchase, with 338 originations. The 2nd most popular reason was Cash Out Refi, with 109 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 132 | $20,920,000 | $158,485 |
| 3-4% | 126 | $19,880,000 | $157,778 |
| 4-5% | 126 | $21,100,000 | $167,460 |
| 6-7% | 66 | $8,570,000 | $129,848 |
| 7-8% | 34 | $3,580,000 | $105,294 |
| Over 8% | 29 | $2,865,000 | $98,793 |
| 2.5-3% | 25 | $3,725,000 | $149,000 |
| <2.5% | 18 | $1,540,000 | $85,556 |
During 2022, Atmore's most frequently originated rate bucket was 5-6%, with 132 originations.
Loan Sizing (Atmore, AL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 247 | $36,715,000 | $148,644 |
| $100,000 or less | 194 | $11,770,000 | $60,670 |
| $200k-400k | 126 | $34,100,000 | $270,635 |
| $400k-600k | 5 | $2,195,000 | $439,000 |
Atmore's loan sizing saw the bucket of loans from $100k-200k with 247 originations, totaling $36,715,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 297 | $51,495,000 | $173,384 |
| 60-80% | 120 | $19,220,000 | $160,167 |
| 40-60% | 49 | $4,815,000 | $98,265 |
| 20-40% | 42 | $2,490,000 | $59,286 |
| Under 20% | 34 | $670,000 | $19,706 |
| Over 100% | 10 | $2,730,000 | $273,000 |
Atmore's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 297 originations, totaling $51,495,000 in origination value.