Bainbridge Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Bainbridge averaged
7.12%
for the week of 2023-11-30, compared to the national average of
7.22% for the same period.
The average rate for the prior week (2023-11-22) was
7.19% and
one month ago for the week of 2023-10-26, the
average rate was 7.89%.
Bainbridge's average rate one year ago was 6.48%.
For refis of the same type during the week of 2023-11-30, the average rate
was 7.82%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-30 | 7.22% |
Bainbridge 30 Year Fixed Rate | 2023-11-30 | 7.12% |
Bainbridge 30 Year Fixed Rate Refi | 2023-11-30 | 7.82% |
Bainbridge 15 Year Fixed Rate | 2023-11-30 | 6.36% |
Bainbridge 15 Year Fixed Rate Refi | 2023-11-30 | 7.16% |
Bainbridge 30 Year FHA | 2023-11-30 | 6.79% |
Bainbridge 30 Year FHA Refi | 2023-11-30 | 7.05% |
Bainbridge 30 Year USDA | 2023-11-30 | 7.2% |
Bainbridge 30 Year USDA Refi | 2023-11-30 | 7% |
Bainbridge 30 Year VA | 2023-11-30 | 6.57% |
Bainbridge 30 Year VA Refi | 2023-11-30 | 6.97% |
Bainbridge 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 Bainbridge, GA 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.).
Bainbridge Average Closing Costs & Other Stats
Bainbridge, GA's 26 lenders originated 411
loans during 2022. The total origination value was $74,755,000, with an average loan value of
$181,886.
Bainbridge's average closing costs are $4,761.
The top Bainbridge lender as defined by loan originations is QUICKEN LOANS, LLC, with
19 loans originated. Their average total fees are
$5,785, which is $2,310
higher than the next largest lender,
HOMESTAR FINANCIAL CORPORATION.
The lowest fee Bainbridge lenders (with over 10 loans originated) are
HOMESTAR FINANCIAL CORPORATION ($3,474), QUICKEN LOANS, LLC ($5,785), .
The lowest rate Bainbridge lenders (with over 10 loans originated) are
HOMESTAR FINANCIAL CORPORATION (4.71%), QUICKEN LOANS, LLC (4.92%), .
Bainbridge, GA 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 |
---|---|---|---|---|
HOMESTAR FINANCIAL CORPORATION | $12,410,000 | $9,610,000 | -22.6% | 12.9% |
QUICKEN LOANS, LLC | $16,025,000 | $9,255,000 | -42.2% | 12.4% |
First State Bank of Blakely, Inc. | $3,300,000 | $5,295,000 | 60.5% | 7.1% |
FirstBank | $5,290,000 | $3,805,000 | -28.1% | 5.1% |
PeoplesSouth Bank | $630,000 | $2,785,000 | 342.1% | 3.7% |
Ixonia Bank | $1,570,000 | $2,580,000 | 64.3% | 3.5% |
Mortgage Research Center, LLC | $1,920,000 | $1,485,000 | -22.7% | 2.0% |
21ST MORTGAGE CORPORATION | $1,825,000 | $1,215,000 | -33.4% | 1.6% |
Ameris Bank | $2,180,000 | $1,165,000 | -46.6% | 1.6% |
NAVY FEDERAL CREDIT UNION | $810,000 | $1,140,000 | 40.7% | 1.5% |
UNITED WHOLESALE MORTGAGE, LLC | $360,000 | $965,000 | 168.1% | 1.3% |
GMFS LLC | $345,000 | $910,000 | 163.8% | 1.2% |
Prime Meridian Bank | $905,000 | n/a | 1.2% | |
LOANDEPOT.COM, LLC | $1,365,000 | $895,000 | -34.4% | 1.2% |
Five Star Credit Union | $1,600,000 | $850,000 | -46.9% | 1.1% |
FREEDOM MORTGAGE CORPORATION | $1,810,000 | $850,000 | -53.0% | 1.1% |
Regions Bank | $915,000 | $795,000 | -13.1% | 1.1% |
Wells Fargo Bank | $2,135,000 | $770,000 | -63.9% | 1.0% |
Envision Credit Union | $3,425,000 | $740,000 | -78.4% | 1.0% |
Mr. Cooper ( Nationstar Mortgage ) | $955,000 | $670,000 | -29.8% | 0.9% |
JPMorgan Chase Bank | $590,000 | $615,000 | 4.2% | 0.8% |
The First, A National Banking Association | $610,000 | n/a | 0.8% | |
Community South Credit Union | $605,000 | n/a | 0.8% | |
HOMESIDE FINANCIAL, LLC | $875,000 | $600,000 | -31.4% | 0.8% |
BROKER SOLUTIONS, INC. | $240,000 | $590,000 | 145.8% | 0.8% |
ACOPIA, LLC | $590,000 | $560,000 | -5.1% | 0.7% |
PENNYMAC LOAN SERVICES, LLC | $1,955,000 | $560,000 | -71.4% | 0.7% |
Carrington Mortgage Services, LLC | $610,000 | $555,000 | -9.0% | 0.7% |
USAA Federal Savings Bank | $430,000 | $555,000 | 29.1% | 0.7% |
CERTAINTY HOME LOANS, LLC | $445,000 | n/a | 0.6% | |
Equity Prime Mortgage LLC | $55,000 | $420,000 | 663.6% | 0.6% |
FIRST COMMERCE CREDIT UNION | $415,000 | n/a | 0.6% | |
CALIBER HOME LOANS, INC. | $330,000 | $410,000 | 24.2% | 0.5% |
Thomasville National Bank | $400,000 | n/a | 0.5% | |
GEORGIA'S OWN | $390,000 | n/a | 0.5% | |
HomePromise Corporation | $375,000 | n/a | 0.5% | |
GoPrime Mortgage, Inc. | $370,000 | n/a | 0.5% | |
Bank of America | $360,000 | n/a | 0.5% | |
NEW DAY FINANCIAL, LLC | $235,000 | $350,000 | 48.9% | 0.5% |
CityWorth Mortgage LLC | $335,000 | n/a | 0.4% | |
UNION HOME MORTGAGE CORP. | $330,000 | n/a | 0.4% | |
1ST SIGNATURE LENDING, LLC | $365,000 | $305,000 | -16.4% | 0.4% |
University Bank | $305,000 | n/a | 0.4% | |
DELMAR FINANCIAL COMPANY | $275,000 | $295,000 | 7.3% | 0.4% |
Peoples State Bank | $285,000 | n/a | 0.4% | |
AMERIFIRST FINANCIAL CORPORATION | $280,000 | n/a | 0.4% | |
U.S. Bank | $270,000 | n/a | 0.4% | |
SOUTHWEST STAGE FUNDING, LLC | $265,000 | n/a | 0.4% | |
Truist | $265,000 | $240,000 | -9.4% | 0.3% |
DHI MORTGAGE COMPANY, LTD. | $235,000 | n/a | 0.3% | |
First National Bank of Pennsylvania | $225,000 | n/a | 0.3% | |
AMERICAN FINANCIAL RESOURCES, INC. | $285,000 | $215,000 | -24.6% | 0.3% |
First Federal Bank | $215,000 | n/a | 0.3% | |
CONTOUR MORTGAGE CORPORATION | $135,000 | $205,000 | 51.9% | 0.3% |
LENDINGONE, LLC | $200,000 | n/a | 0.3% | |
TOWNE MORTGAGE COMPANY | $200,000 | n/a | 0.3% | |
South State Bank | $115,000 | $195,000 | 69.6% | 0.3% |
Plains Commerce Bank | $185,000 | n/a | 0.2% | |
AMERICAN ADVISORS GROUP | $180,000 | n/a | 0.2% | |
Greenbox Loans, Inc. | $175,000 | n/a | 0.2% | |
FIRST ALLIANCE HOME MORTGAGE, LLC | $165,000 | n/a | 0.2% | |
Renasant Bank | $1,505,000 | $165,000 | -89.0% | 0.2% |
THRIVE MORTGAGE, LLC | $165,000 | n/a | 0.2% | |
SOUTHPOINT FINANCIAL SERVICES, INC. | $165,000 | $155,000 | -6.1% | 0.2% |
TOP FLITE FINANCIAL, INC. | $185,000 | $155,000 | -16.2% | 0.2% |
TRIAD FINANCIAL SERVICES, INC. | $155,000 | $155,000 | 0.0% | 0.2% |
BETTER MORTGAGE CORPORATION | $400,000 | $145,000 | -63.8% | 0.2% |
Mainstreet Community Bank of Florida | $105,000 | $145,000 | 38.1% | 0.2% |
AMERICAN FINANCING CORPORATION | $145,000 | $135,000 | -6.9% | 0.2% |
Centennial Bank | $335,000 | $135,000 | -59.7% | 0.2% |
CRESCENT MORTGAGE COMPANY | $585,000 | $135,000 | -76.9% | 0.2% |
PREMIER LENDING, INC. | $135,000 | n/a | 0.2% | |
UNIVERSITY LENDING GROUP, LLC | $430,000 | $135,000 | -68.6% | 0.2% |
Flagstar Bank, FSB | $125,000 | $130,000 | 4.0% | 0.2% |
AMERISAVE MORTGAGE CORPORATION | $1,570,000 | $125,000 | -92.0% | 0.2% |
HANCOCK MORTGAGE PARTNERS, LLC | $125,000 | n/a | 0.2% | |
LAKEVIEW LOAN SERVICING, LLC | $295,000 | $125,000 | -57.6% | 0.2% |
MORTGAGE INVESTORS GROUP, INC. | $125,000 | n/a | 0.2% | |
Capital City Home Loans, LLC | $350,000 | $115,000 | -67.1% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $115,000 | n/a | 0.2% | |
RUOFF MORTGAGE COMPANY, INC. | $105,000 | n/a | 0.1% | |
NEWREZ LLC | $935,000 | $85,000 | -90.9% | 0.1% |
Bank OZK | $250,000 | $75,000 | -70.0% | 0.1% |
CREDIT HUMAN FEDERAL CREDIT UNION | $65,000 | $75,000 | 15.4% | 0.1% |
FIRST TECHNOLOGY | $75,000 | n/a | 0.1% | |
LOCAL GOVERNMENT FEDERAL CREDIT UNION | $75,000 | n/a | 0.1% | |
ATLANTA POSTAL | $65,000 | n/a | 0.1% | |
Figure Lending LLC | $65,000 | n/a | 0.1% | |
MEMBER FIRST MORTGAGE, LLC | $65,000 | n/a | 0.1% | |
JUSTICE Federal Credit Union | $55,000 | n/a | 0.1% | |
Capital City Bank | $455,000 | $35,000 | -92.3% | 0.0% |
Georgia Banking Company | $5,000 | n/a | 0.0% |
Bainbridge's top lender by overall market share is HOMESTAR FINANCIAL CORPORATION, with 12.9% market share. In second place, with 12.4%, is QUICKEN LOANS, LLC, having originated $9,255,000 in loans. In third place, with 7.1%, is First State Bank of Blakely, Inc., having originated $5,295,000 in loans. In fourth place, with 5.1%, is FirstBank, having originated $3,805,000 in loans. In fifth place, with 3.7%, is PeoplesSouth Bank, having originated $2,785,000 in loans.
Bainbridge Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Bainbridge (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $162,950 (12.0%) | $187,450 (6.9%) | 0.00 | 103 |
2018-02-01 | $159,100 (8.8%) | $177,249 (4.0%) | 0.00 | 101 |
2018-03-01 | $154,900 (8.1%) | $173,369 (11.8%) | 0.00 | 105 |
2018-04-01 | $159,250 (10.9%) | $186,596 (18.6%) | 0.00 | 109 |
2018-05-01 | $162,450 (16.1%) | $191,367 (16.1%) | 0.00 | 111 |
2018-06-01 | $165,000 (14.4%) | $192,523 (14.0%) | 0.00 | 111 |
2018-07-01 | $165,000 (13.8%) | $207,780 (21.5%) | 0.00 | 114 |
2018-08-01 | $166,075 (14.5%) | $205,578 (23.9%) | 0.00 | 114 |
2018-09-01 | $169,900 (16.4%) | $214,567 (24.5%) | 0.00 | 113 |
2018-10-01 | $161,500 (7.7%) | $209,263 (19.1%) | 0.00 | 120 |
2018-11-01 | $165,000 (4.4%) | $219,265 (20.2%) | 0.00 | 101 |
2018-12-01 | $174,900 (7.0%) | $224,511 (17.5%) | 0.00 | 96 |
2019-01-01 | $174,375 (7.0%) | $224,773 (19.9%) | 0.00 | 79 |
2019-02-01 | $172,275 (8.3%) | $229,307 (29.4%) | 0.00 | 72 |
2019-03-01 | $172,100 (11.1%) | $256,279 (47.8%) | 0.00 | 66 |
2019-04-01 | $177,400 (11.4%) | $295,750 (58.5%) | 0.00 | 66 |
2019-05-01 | $181,200 (11.5%) | $250,443 (30.9%) | 0.00 | 58 |
2019-06-01 | $174,900 (6.0%) | $239,124 (24.2%) | 0.00 | 57 |
2019-07-01 | $174,900 (6.0%) | $226,105 (8.8%) | 0.00 | 66 |
2019-08-01 | $176,973 (6.6%) | $231,391 (12.6%) | 0.00 | 66 |
2019-09-01 | $180,082 (6.0%) | $238,038 (10.9%) | 0.00 | 64 |
2019-10-01 | $182,155 (12.8%) | $241,421 (15.4%) | 0.00 | 65 |
2019-11-01 | $181,250 (9.9%) | $241,573 (10.2%) | 0.00 | 64 |
2019-12-01 | $186,550 (6.7%) | $244,071 (8.7%) | 0.00 | 66 |
2020-01-01 | $199,900 (14.6%) | $266,658 (18.6%) | 0.00 | 79 |
2020-02-01 | $218,000 (26.5%) | $258,879 (12.9%) | 0.00 | 64 |
2020-03-01 | $188,425 (9.5%) | $221,798 (-13.5%) | 0.00 | 69 |
2020-04-01 | $178,675 (0.7%) | $208,673 (-29.4%) | 0.00 | 71 |
2020-05-01 | $191,700 (5.8%) | $218,308 (-12.8%) | 0.00 | 61 |
2020-06-01 | $189,200 (8.2%) | $212,149 (-11.3%) | 0.00 | 59 |
2020-07-01 | $183,650 (5.0%) | $207,052 (-8.4%) | 0.00 | 53 |
2020-08-01 | $214,950 (21.5%) | $240,283 (3.8%) | 0.00 | 44 |
2020-09-01 | $222,225 (23.4%) | $247,433 (4.0%) | 0.00 | 47 |
2020-10-01 | $235,000 (29.0%) | $266,267 (10.3%) | 0.00 | 53 |
2020-11-01 | $234,450 (29.4%) | $275,893 (14.2%) | 0.00 | 51 |
2020-12-01 | $233,450 (25.1%) | $273,357 (12.0%) | 0.00 | 50 |
2021-01-01 | $242,000 (21.1%) | $279,776 (4.9%) | 0.00 | 46 |
2021-02-01 | $233,000 (6.9%) | $283,252 (9.4%) | 0.00 | 49 |
2021-03-01 | $249,675 (32.5%) | $282,034 (27.2%) | 0.00 | 40 |
2021-04-01 | $238,000 (33.2%) | $248,696 (19.2%) | 0.00 | 39 |
2021-05-01 | $230,000 (20.0%) | $231,222 (5.9%) | 0.00 | 40 |
2021-06-01 | $209,907 (10.9%) | $224,042 (5.6%) | 0.00 | 33 |
2021-07-01 | $230,000 (25.2%) | $254,543 (22.9%) | 0.00 | 34 |
2021-08-01 | $246,250 (14.6%) | $286,614 (19.3%) | 0.00 | 35 |
2021-09-01 | $258,125 (16.2%) | $333,949 (35.0%) | 0.00 | 29 |
2021-10-01 | $269,250 (14.6%) | $303,061 (13.8%) | 0.00 | 34 |
2021-11-01 | $265,625 (13.3%) | $312,216 (13.2%) | 0.00 | 36 |
2021-12-01 | $223,425 (-4.3%) | $306,423 (12.1%) | 0.00 | 38 |
2022-01-01 | $267,200 (10.4%) | $311,910 (11.5%) | 0.00 | 30 |
2022-02-01 | $284,500 (22.1%) | $313,894 (10.8%) | 0.00 | 28 |
2022-03-01 | $229,975 (-7.9%) | $301,090 (6.8%) | 0.00 | 31 |
2022-04-01 | $277,000 (16.4%) | $309,376 (24.4%) | 0.00 | 34 |
2022-05-01 | $277,250 (20.5%) | $332,557 (43.8%) | 0.00 | 33 |
2022-06-01 | $279,900 (33.3%) | $336,378 (50.1%) | 0.00 | 39 |
2022-07-01 | $299,950 (30.4%) | $348,226 (36.8%) | 0.00 | 49 |
2022-08-01 | $349,000 (41.7%) | $382,278 (33.4%) | 0.00 | 47 |
2022-09-01 | $357,000 (38.3%) | $373,868 (12.0%) | 0.00 | 51 |
2022-10-01 | $315,000 (17.0%) | $367,032 (21.1%) | 0.00 | 53 |
2022-11-01 | $284,725 (7.2%) | $346,115 (10.9%) | 0.00 | 53 |
2022-12-01 | $272,450 (21.9%) | $313,036 (2.2%) | 0.00 | 55 |
2023-01-01 | $265,950 (-0.5%) | $293,486 (-5.9%) | 0.00 | 48 |
2023-02-01 | $264,675 (-7.0%) | $312,211 (-0.5%) | 0.00 | 52 |
2023-03-01 | $285,450 (24.1%) | $335,545 (11.4%) | 0.00 | 45 |
2023-04-01 | $262,250 (-5.3%) | $325,018 (5.1%) | 0.00 | 57 |
2023-05-01 | $279,225 (0.7%) | $347,539 (4.5%) | 0.00 | 53 |
2023-06-01 | $294,250 (5.1%) | $352,866 (4.9%) | 0.00 | 55 |
2023-07-01 | $279,450 (-6.8%) | $353,712 (1.6%) | 0.00 | 54 |
2023-08-01 | $334,925 (-4.0%) | $379,620 (-0.7%) | 0.00 | 52 |
2023-09-01 | $319,950 (-10.4%) | $355,346 (-5.0%) | 0.00 | 51 |
2023-10-01 | $318,125 (1.0%) | $377,394 (2.8%) | 0.00 | 50 |
2023-11-01 | $307,500 (8.0%) | $361,099 (4.3%) | 0.00 | 55 |
Bainbridge's median listing price comes in at 0% of the national average.
Bainbridge's average listing price for 2023-11-01 was $361,099, a difference of $14,984 (4.3%) versus the prior year and $-16,295 versus the prior month.
For the 2023-11-01 period, Bainbridge had 55 MLS listings, a difference of 5 listings (10%) versus the prior month and 2 listings (4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Bainbridge (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,966 sqft |
2018-02-01 | 0 days | 1,949 sqft |
2018-03-01 | 0 days | 1,880 sqft |
2018-04-01 | 0 days | 1,931 sqft |
2018-05-01 | 0 days | 1,936 sqft |
2018-06-01 | 0 days | 2,000 sqft |
2018-07-01 | 0 days | 2,089 sqft |
2018-08-01 | 0 days | 2,039 sqft |
2018-09-01 | 0 days | 1,994 sqft |
2018-10-01 | 0 days | 1,964 sqft |
2018-11-01 | 0 days | 1,981 sqft |
2018-12-01 | 0 days | 1,977 sqft |
2019-01-01 | 0 days | 1,961 sqft |
2019-02-01 | 0 days | 2,000 sqft |
2019-03-01 | 0 days | 2,039 sqft |
2019-04-01 | 0 days | 2,122 sqft |
2019-05-01 | 0 days | 2,195 sqft |
2019-06-01 | 0 days | 2,188 sqft |
2019-07-01 | 0 days | 2,000 sqft |
2019-08-01 | 0 days | 2,086 sqft |
2019-09-01 | 0 days | 2,214 sqft |
2019-10-01 | 0 days | 2,236 sqft |
2019-11-01 | 0 days | 2,134 sqft |
2019-12-01 | 0 days | 2,107 sqft |
2020-01-01 | 0 days | 2,257 sqft |
2020-02-01 | 0 days | 2,326 sqft |
2020-03-01 | 0 days | 2,057 sqft |
2020-04-01 | 0 days | 2,040 sqft |
2020-05-01 | 0 days | 2,031 sqft |
2020-06-01 | 0 days | 2,049 sqft |
2020-07-01 | 0 days | 2,000 sqft |
2020-08-01 | 0 days | 2,252 sqft |
2020-09-01 | 0 days | 2,239 sqft |
2020-10-01 | 0 days | 2,263 sqft |
2020-11-01 | 0 days | 2,397 sqft |
2020-12-01 | 0 days | 2,373 sqft |
2021-01-01 | 0 days | 2,376 sqft |
2021-02-01 | 0 days | 2,239 sqft |
2021-03-01 | 0 days | 2,150 sqft |
2021-04-01 | 0 days | 1,952 sqft |
2021-05-01 | 0 days | 1,855 sqft |
2021-06-01 | 0 days | 1,806 sqft |
2021-07-01 | 0 days | 1,873 sqft |
2021-08-01 | 0 days | 1,958 sqft |
2021-09-01 | 0 days | 2,295 sqft |
2021-10-01 | 0 days | 1,994 sqft |
2021-11-01 | 0 days | 2,222 sqft |
2021-12-01 | 0 days | 2,155 sqft |
2022-01-01 | 0 days | 2,183 sqft |
2022-02-01 | 0 days | 2,166 sqft |
2022-03-01 | 0 days | 1,891 sqft |
2022-04-01 | 0 days | 2,048 sqft |
2022-05-01 | 0 days | 2,060 sqft |
2022-06-01 | 0 days | 1,929 sqft |
2022-07-01 | 0 days | 2,128 sqft |
2022-08-01 | 0 days | 2,189 sqft |
2022-09-01 | 0 days | 2,188 sqft |
2022-10-01 | 0 days | 2,128 sqft |
2022-11-01 | 0 days | 1,965 sqft |
2022-12-01 | 0 days | 1,892 sqft |
2023-01-01 | 0 days | 1,883 sqft |
2023-02-01 | 0 days | 1,907 sqft |
2023-03-01 | 0 days | 1,955 sqft |
2023-04-01 | 0 days | 1,806 sqft |
2023-05-01 | 0 days | 2,016 sqft |
2023-06-01 | 0 days | 2,164 sqft |
2023-07-01 | 0 days | 2,012 sqft |
2023-08-01 | 0 days | 2,136 sqft |
2023-09-01 | 0 days | 2,374 sqft |
2023-10-01 | 0 days | 2,282 sqft |
2023-11-01 | 0 days | 2,327 sqft |
Bainbridge's median square footage for active listings during the 2023-11-01 period was 2,327 sqft. One year prior, the average listing was 1,965 sqft.
Bainbridge, GA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 222 | $43,800,000 | $197,297 |
Cash Out Refi | 82 | $14,160,000 | $172,683 |
Refi | 71 | $13,585,000 | $191,338 |
Home Improvement | 18 | $1,460,000 | $81,111 |
Other | 18 | $1,750,000 | $97,222 |
Bainbridge's most frequently cited loan purpose was Home Purchase, with 222 originations. The 2nd most popular reason was Cash Out Refi, with 82 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 96 | $17,250,000 | $179,688 |
3-4% | 70 | $13,680,000 | $195,429 |
4-5% | 61 | $11,425,000 | $187,295 |
6-7% | 39 | $5,755,000 | $147,564 |
2.5-3% | 26 | $4,330,000 | $166,538 |
7-8% | 15 | $2,725,000 | $181,667 |
Over 8% | 11 | $1,325,000 | $120,455 |
<2.5% | 8 | $730,000 | $91,250 |
During 2022, Bainbridge's most frequently originated rate bucket was 5-6%, with 96 originations.
Loan Sizing (Bainbridge, GA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 162 | $23,720,000 | $146,420 |
$200k-400k | 117 | $30,785,000 | $263,120 |
$100,000 or less | 115 | $7,135,000 | $62,043 |
$400k-600k | 7 | $3,315,000 | $473,571 |
$600k-1000k | 6 | $4,650,000 | $775,000 |
$Over $1MM | 4 | $5,150,000 | $1,287,500 |
Bainbridge's loan sizing saw the bucket of loans from $100k-200k with 162 originations, totaling $23,720,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 176 | $34,260,000 | $194,659 |
60-80% | 76 | $13,790,000 | $181,447 |
40-60% | 34 | $4,260,000 | $125,294 |
20-40% | 18 | $1,530,000 | $85,000 |
Under 20% | 12 | $400,000 | $33,333 |
Over 100% | 9 | $2,805,000 | $311,667 |
Bainbridge's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 176 originations, totaling $34,260,000 in origination value.