Atmore Mortgage Rates
30 Year Fixed Rate mortgages in Atmore averaged
6.34%
for the week of 2022-06-23, compared to the national average of
5.81% for the same period.
The average rate for the prior week (2022-06-16) was
6.41% and
one month ago for the week of 2022-05-19, the
average rate was 5.68%.
Atmore's average rate one year ago was 3.27%.
For refis of the same type during the week of 2022-06-23, the average rate
was 6.03%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-06-23 | 5.81% |
| Atmore 30 Year Fixed Rate | 2022-06-23 | 6.34% |
| Atmore 30 Year Fixed Rate Refi | 2022-06-23 | 6.03% |
| Atmore 15 Year Fixed Rate | 2022-06-23 | 5.62% |
| Atmore 15 Year Fixed Rate Refi | 2022-06-23 | 5.19% |
| Atmore 30 Year FHA | 2022-06-23 | 0.06% |
| Atmore 30 Year FHA Refi | 2022-06-23 | 0.18% |
| Atmore 30 Year USDA | 2022-06-23 | 0.2% |
| Atmore 30 Year USDA Refi | 2022-06-23 | 2.81% |
| Atmore 30 Year VA | 2022-06-23 | 0.27% |
| Atmore 30 Year VA Refi | 2022-06-23 | 0.07% |
Atmore Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, 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, AL's 51 lenders originated 686
loans during 2021. The total origination value was $97,840,000, with an average loan value of
$142,624.
The top Atmore lender as defined by loan originations is QUICKEN LOANS, LLC, with
17 loans originated. Their average total fees are
$4,349, which is $1,206
higher than the next largest lender,
Regions Bank.
The lowest fee Atmore lenders (with over 10 loans originated) are
Regions Bank ($3,143), Trustmark National Bank ($3,251), Hometown Lenders, Inc. ($3,757), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,990) and QUICKEN LOANS, LLC ($4,349).
The lowest rate Atmore lenders (with over 10 loans originated) are
HOME POINT FINANCIAL CORPORATION (3.05%), Hometown Lenders, Inc. (3.06%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (3.10%), QUICKEN LOANS, LLC (3.18%) and Trustmark National Bank (3.23%).
Atmore, AL Lender 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $9,015,000 | $11,715,000 | 30.0% | 12.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,710,000 | $6,700,000 | 42.3% | 6.8% |
| Regions Bank | $4,005,000 | $6,050,000 | 51.1% | 6.2% |
| Trustmark National Bank | $5,810,000 | $5,720,000 | -1.5% | 5.8% |
| FREEDOM MORTGAGE CORPORATION | $2,575,000 | $3,940,000 | 53.0% | 4.0% |
| HOME POINT FINANCIAL CORPORATION | $1,735,000 | $3,755,000 | 116.4% | 3.8% |
| United Bank | $3,020,000 | $3,665,000 | 21.4% | 3.7% |
| Hometown Lenders, Inc. | $3,655,000 | $3,195,000 | -12.6% | 3.3% |
| Gulf Winds Credit Union | $2,510,000 | $3,165,000 | 26.1% | 3.2% |
| CRESCENT MORTGAGE COMPANY | $2,780,000 | $2,875,000 | 3.4% | 2.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,040,000 | $2,830,000 | 38.7% | 2.9% |
| Mortgage Research Center, LLC | $2,415,000 | $2,565,000 | 6.2% | 2.6% |
| 21ST MORTGAGE CORPORATION | $1,415,000 | $2,465,000 | 74.2% | 2.5% |
| GUILD MORTGAGE COMPANY | $170,000 | $2,045,000 | 1,102.9% | 2.1% |
| LOANDEPOT.COM, LLC | $1,180,000 | $1,940,000 | 64.4% | 2.0% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,115,000 | $1,670,000 | 49.8% | 1.7% |
| Pen Air Federal Credit Union | $65,000 | $1,640,000 | 2,423.1% | 1.7% |
| Wells Fargo Bank | $360,000 | $1,620,000 | 350.0% | 1.7% |
| Renasant Bank | $1,035,000 | $1,385,000 | 33.8% | 1.4% |
| LAKEVIEW LOAN SERVICING, LLC | $260,000 | $1,325,000 | 409.6% | 1.4% |
| CALIBER HOME LOANS, INC. | $270,000 | $1,020,000 | 277.8% | 1.0% |
| NAVY FEDERAL CREDIT UNION | $2,020,000 | $1,000,000 | -50.5% | 1.0% |
| BancorpSouth Bank | $25,000 | $970,000 | 3,780.0% | 1.0% |
| NEWREZ LLC | $790,000 | $960,000 | 21.5% | 1.0% |
| MOVEMENT MORTGAGE, LLC | $535,000 | $910,000 | 70.1% | 0.9% |
| SouthPoint Bank | $400,000 | $890,000 | 122.5% | 0.9% |
| MID AMERICA MORTGAGE, INC. | $795,000 | $830,000 | 4.4% | 0.8% |
| Truist Bank | $585,000 | $815,000 | 39.3% | 0.8% |
| ServisFirst Bank | $380,000 | $690,000 | 81.6% | 0.7% |
| NEW DAY FINANCIAL, LLC | $1,190,000 | $670,000 | -43.7% | 0.7% |
| GUARANTEED RATE, INC. | $640,000 | n/a | 0.7% | |
| THE MORTGAGE FIRM, INC. | $615,000 | n/a | 0.6% | |
| AMERICAN MORTGAGE SERVICE COMPANY | $595,000 | n/a | 0.6% | |
| Carrington Mortgage Services, LLC | $135,000 | $550,000 | 307.4% | 0.6% |
| Hometown Equity Mortgage, LLC | $550,000 | n/a | 0.6% | |
| HOMESIDE FINANCIAL, LLC | $535,000 | n/a | 0.5% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $960,000 | $525,000 | -45.3% | 0.5% |
| VILLAGE CAPITAL & INVESTMENT LLC | $370,000 | $525,000 | 41.9% | 0.5% |
| KELLER MORTGAGE, LLC | $510,000 | n/a | 0.5% | |
| Ally Bank | $460,000 | n/a | 0.5% | |
| STOCKTON MORTGAGE CORPORATION | $315,000 | $435,000 | 38.1% | 0.4% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $300,000 | $425,000 | 41.7% | 0.4% |
| CERTAINTY HOME LOANS, LLC | $425,000 | n/a | 0.4% | |
| NATIONS DIRECT MORTGAGE, LLC | $420,000 | n/a | 0.4% | |
| AMERISAVE MORTGAGE CORPORATION | $1,345,000 | $395,000 | -70.6% | 0.4% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $650,000 | $375,000 | -42.3% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $690,000 | $370,000 | -46.4% | 0.4% |
| Flagstar Bank, FSB | $185,000 | $365,000 | 97.3% | 0.4% |
| USAA Federal Savings Bank | $165,000 | $355,000 | 115.2% | 0.4% |
| Magnolia Bank | $1,160,000 | $350,000 | -69.8% | 0.4% |
| JPMorgan Chase Bank | $135,000 | $340,000 | 151.9% | 0.3% |
| SOUTHEAST MORTGAGE OF GEORGIA, INC. | $340,000 | n/a | 0.3% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $335,000 | n/a | 0.3% | |
| BROKER SOLUTIONS, INC. | $180,000 | $330,000 | 83.3% | 0.3% |
| CCB Community Bank | $330,000 | n/a | 0.3% | |
| FirstBank | $650,000 | $330,000 | -49.2% | 0.3% |
| FIRST COMMUNITY MORTGAGE, INC. | $175,000 | $330,000 | 88.6% | 0.3% |
| BETTER MORTGAGE CORPORATION | $245,000 | $320,000 | 30.6% | 0.3% |
| AMERICAN FINANCIAL NETWORK, INC. | $300,000 | n/a | 0.3% | |
| Visio Financial Services Inc. | $265,000 | n/a | 0.3% | |
| Citizens Bank | $1,515,000 | $250,000 | -83.5% | 0.3% |
| EMBRACE HOME LOANS, INC. | $115,000 | $240,000 | 108.7% | 0.2% |
| AMERICAN INTERNET MORTGAGE, INC. | $235,000 | n/a | 0.2% | |
| FBC MORTGAGE, LLC | $235,000 | n/a | 0.2% | |
| ROYAL UNITED MORTGAGE LLC | $45,000 | $235,000 | 422.2% | 0.2% |
| ACCELERATE MORTGAGE, LLC | $225,000 | n/a | 0.2% | |
| GMFS LLC | $205,000 | $210,000 | 2.4% | 0.2% |
| AVADIAN | $185,000 | $195,000 | 5.4% | 0.2% |
| Goldwater Bank, N.A. | $125,000 | $195,000 | 56.0% | 0.2% |
| Hancock Whitney Bank | $185,000 | n/a | 0.2% | |
| MAX Credit Union | $185,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $180,000 | n/a | 0.2% | |
| Barrington Bank & Trust Company, N.A. | $210,000 | $180,000 | -14.3% | 0.2% |
| Hamilton Mortgage Corporation | $175,000 | n/a | 0.2% | |
| UNIVERSITY LENDING GROUP, LLC | $250,000 | $175,000 | -30.0% | 0.2% |
| CMG MORTGAGE, INC. | $330,000 | $165,000 | -50.0% | 0.2% |
| GUARANTEED RATE AFFINITY, LLC | $155,000 | n/a | 0.2% | |
| OCEANSIDE MORTGAGE COMPANY | $155,000 | n/a | 0.2% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $145,000 | n/a | 0.1% | |
| Low VA Rates, LLC | $215,000 | $145,000 | -32.6% | 0.1% |
| STEARNS LENDING, LLC | $145,000 | n/a | 0.1% | |
| ANGEL OAK HOME LOANS LLC | $135,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $135,000 | n/a | 0.1% | |
| First Federal Savings and Loan Association | $135,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $135,000 | n/a | 0.1% | |
| SOUTHWEST FUNDING, LP | $600,000 | $135,000 | -77.5% | 0.1% |
| The Huntington National Bank | $135,000 | n/a | 0.1% | |
| Community Bank of Mississippi | $130,000 | n/a | 0.1% | |
| 1st Franklin Financial Corporation | $155,000 | $125,000 | -19.4% | 0.1% |
| Bank of England | $105,000 | n/a | 0.1% | |
| Ixonia Bank | $105,000 | n/a | 0.1% | |
| Assurance Financial Group, L.L.C. | $95,000 | n/a | 0.1% | |
| Nations Lending Corporation | $95,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $95,000 | n/a | 0.1% | |
| Alabama One Credit Union | $85,000 | n/a | 0.1% | |
| Metro City Bank | $85,000 | n/a | 0.1% | |
| ALL IN | $55,000 | $75,000 | 36.4% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $125,000 | $75,000 | -40.0% | 0.1% |
| TruHome Solutions, LLC | $75,000 | n/a | 0.1% | |
| Cadence Bank, N.A. | $55,000 | n/a | 0.1% | |
| CIS Financial Services, Inc. | $55,000 | n/a | 0.1% | |
| MEMBERS FIRST CREDIT UNION OF FLORIDA | $45,000 | n/a | 0.0% | |
| Tyndall Federal Credit Union | $825,000 | $35,000 | -95.8% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $25,000 | n/a | 0.0% |
Atmore's top lender by overall market share is QUICKEN LOANS, LLC, with 12.0% market share. In second place, with 6.8%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $6,700,000 in loans. In third place, with 6.2%, is Regions Bank, having originated $6,050,000 in loans. In third place, with 5.8%, is Trustmark National Bank, having originated $5,720,000 in loans. In third place, with 4.0%, is FREEDOM MORTGAGE CORPORATION, having originated $3,940,000 in loans.
Atmore, AL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 332 | $50,930,000 | $153,404 |
| Refi | 198 | $27,570,000 | $139,242 |
| Cash Out Refi | 113 | $16,635,000 | $147,212 |
| Home Improvement | 22 | $1,280,000 | $58,182 |
| Other | 21 | $1,425,000 | $67,857 |
Atmore's most frequently cited loan purpose was Home Purchase, with 332 originations. The 2nd most popular reason was Refi, with 198 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 233 | $34,415,000 | $147,704 |
| 2.5-3% | 219 | $33,815,000 | $154,406 |
| <2.5% | 120 | $17,270,000 | $143,917 |
| 4-5% | 35 | $4,205,000 | $120,143 |
| Over 8% | 24 | $1,710,000 | $71,250 |
| 6-7% | 13 | $1,075,000 | $82,692 |
| 7-8% | 10 | $750,000 | $75,000 |
| 5-6% | 5 | $425,000 | $85,000 |
During 2021, Atmore's most frequently originated rate bucket was 3-4%, with 233 originations.
Loan Sizing (Atmore, AL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 353 | $50,505,000 | $143,074 |
| $100,000 or less | 206 | $13,430,000 | $65,194 |
| $200k-400k | 121 | $30,945,000 | $255,744 |
| $400k-600k | 5 | $2,155,000 | $431,000 |
| $600k-1000k | 1 | $805,000 | $805,000 |
Atmore's loan sizing saw the bucket of loans from $100k-200k with 353 originations, totaling $50,505,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 329 | $49,905,000 | $151,687 |
| 60-80% | 175 | $27,025,000 | $154,429 |
| 40-60% | 68 | $6,490,000 | $95,441 |
| 20-40% | 30 | $1,680,000 | $56,000 |
| Under 20% | 16 | $460,000 | $28,750 |
| Over 100% | 6 | $1,660,000 | $276,667 |
Atmore's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 329 originations, totaling $49,905,000 in origination value.
