Atmore Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Atmore averaged
7.16%
for the week of 2024-04-18, compared to the national average of
7.1% for the same period.
The average rate for the prior week (2024-04-11) was
6.84% and
one month ago for the week of 2024-03-14, the
average rate was 6.9%.
Atmore's average rate one year ago was 6.53%.
For refis of the same type during the week of 2024-04-18, the average rate
was 7.6%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-04-18 | 7.1% |
| Atmore 30 Year Fixed Rate | 2024-04-18 | 7.16% |
| Atmore 30 Year Fixed Rate Refi | 2024-04-18 | 7.6% |
| Atmore 15 Year Fixed Rate | 2024-04-18 | 6.39% |
| Atmore 15 Year Fixed Rate Refi | 2024-04-18 | 6.89% |
| Atmore 30 Year FHA | 2024-04-18 | 6.66% |
| Atmore 30 Year FHA Refi | 2024-04-18 | 7.06% |
| Atmore 30 Year USDA | 2024-04-18 | 7.06% |
| Atmore 30 Year USDA Refi | 2024-04-18 | 6.96% |
| Atmore 30 Year VA | 2024-04-18 | 6.76% |
| Atmore 30 Year VA Refi | 2024-04-18 | 6.76% |
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 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.