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 6.91% for the week of 2024-02-22, compared to the national average of 6.9% for the same period.

The average rate for the prior week (2024-02-15) was 6.48% and one month ago for the week of 2024-01-18, the average rate was 6.21%.

Atmore's average rate one year ago was 6.36%.

For refis of the same type during the week of 2024-02-22, the average rate was 7.4%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-22 6.9%
Atmore 30 Year Fixed Rate 2024-02-22 6.91%
Atmore 30 Year Fixed Rate Refi 2024-02-22 7.4%
Atmore 15 Year Fixed Rate 2024-02-22 6.39%
Atmore 15 Year Fixed Rate Refi 2024-02-22 6.89%
Atmore 30 Year FHA 2024-02-22 -0.49%
Atmore 30 Year FHA Refi 2024-02-22 0.2%
Atmore 30 Year USDA 2024-02-22 -0.1%
Atmore 30 Year USDA Refi 2024-02-22 0.1%
Atmore 30 Year VA 2024-02-22 0.1%
Atmore 30 Year VA Refi 2024-02-22 0%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 22 4.79% $5,329
Hometown Lenders, Inc. 13 4.94% $4,863
Trustmark National Bank 12 4.71% $3,292
Gulf Winds Credit Union 11 4.10% $2,369
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 5.28% $4,131
HOME POINT FINANCIAL CORPORATION 8 4.36% $4,989
NAVY FEDERAL CREDIT UNION 7 5.23% $2,911
Regions Bank 5 4.78% $3,581
UNITED WHOLESALE MORTGAGE, LLC 4 5.31% $5,872
Truist 3 6.23% $4,466
Wells Fargo Bank 3 5.75% $4,693
GUILD MORTGAGE COMPANY 3 4.96% $6,652
21ST MORTGAGE CORPORATION 2 9.18% $4,144
AMERISAVE MORTGAGE CORPORATION 2 4.56% $5,238
BancorpSouth 2 5.75% $2,639
MOVEMENT MORTGAGE, LLC 2 3.91% $2,620
SouthPoint Bank 2 4.25% $2,363
First Internet Bank of Indiana 1 7.13% $5,931
Hancock Whitney Bank 1 4.00% $2,380
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.38% $3,627
First Horizon Bank 1 4.00% $4,393
HOMESIDE FINANCIAL, LLC 1 3.75% $4,198
FIRST COMMUNITY MORTGAGE, INC. 1 3.88% $3,131
JPMorgan Chase Bank 1 5.25% $3,722
LOANDEPOT.COM, LLC 1 4.38% $1,964
Mortgage Research Center, LLC 1 5.63% $2,150
VAN DYK MORTGAGE CORPORATION 1 6.25% $11,032
Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $5,462
MUTUAL OF OMAHA MORTGAGE, INC. 1 4.12% $7,418
Nations Lending Corporation 1 3.99% $7,207
EVERETT FINANCIAL, INC. 1 6.13% $1,748
NEWREZ LLC 1 3.38% $5,403
PENNYMAC LOAN SERVICES, LLC 1 5.12% $5,191
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.50% $4,133
DAS Acquisition Company, LLC 1 5.25% $3,165
CRESCENT MORTGAGE COMPANY 1 3.49% $3,836
Renasant Bank 1 6.50% $4,212
BAYSHORE MORTGAGE FUNDING, LLC 1 5.38% $3,222
Synovus Bank 1 3.75% $2,682
Citizens Bank 1 6.63% $2,655
Carrington Mortgage Services, LLC 1 4.00% $3,663
CARDINAL FINANCIAL 1 4.75% $7,421
USAA Federal Savings Bank 1 5.25% $3,564
U.S. Bank 1 6.38% $4,941
VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.25% $9,398
FREEDOM MORTGAGE CORPORATION 1 4.25% $3,939
Flagstar Bank, FSB 1 3.88% $4,294

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.