Bennettsville Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Bennettsville averaged 7.08% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

The average rate for the prior week (2023-09-07) was 7.22% and one month ago for the week of 2023-08-10, the average rate was 7.06%.

Bennettsville's average rate one year ago was 6.09%.

For refis of the same type during the week of 2023-09-14, the average rate was 7.28%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-14 7.18%
Bennettsville 30 Year Fixed Rate 2023-09-14 7.08%
Bennettsville 30 Year Fixed Rate Refi 2023-09-14 7.28%
Bennettsville 15 Year Fixed Rate 2023-09-14 6.71%
Bennettsville 15 Year Fixed Rate Refi 2023-09-14 6.51%
Bennettsville 30 Year FHA 2023-09-14 6.99%
Bennettsville 30 Year FHA Refi 2023-09-14 6.79%
Bennettsville 30 Year USDA 2023-09-14 7.18%
Bennettsville 30 Year USDA Refi 2023-09-14 7.08%
Bennettsville 30 Year VA 2023-09-14 6.81%
Bennettsville 30 Year VA Refi 2023-09-14 6.71%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Bennettsville, SC.

Bennettsville 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 Bennettsville, SC 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
First-Citizens Bank & Trust Company 5 4.98% $4,156
FOUNDERS FEDERAL CREDIT UNION 4 5.88% $2,338
STATE EMPLOYEES' 3 4.76% $2,553
QUICKEN LOANS, LLC 3 5.16% $5,386
INTERCOASTAL MORTGAGE COMPANY 2 4.69% $7,829
Wells Fargo Bank 2 5.06% $4,328
21ST MORTGAGE CORPORATION 2 8.33% $6,279
ROYAL UNITED MORTGAGE LLC 2 5.19% $3,835
CROSSCOUNTRY MORTGAGE, LLC 2 4.81% $5,472
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.25% $4,432
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.63% $3,719
PNC Bank 1 5.50% $3,620
SRP Federal Credit Union 1 4.25% $4,273
TRIAD FINANCIAL SERVICES, INC. 1 7.75% $5,552
Truist 1 3.20% $2,336
UNITED WHOLESALE MORTGAGE, LLC 1 6.50% $6,536
U.S. Bank 1 3.00% $3,447
Wyndham Capital Mortgage, Inc. 1 5.63% $2,233
AMERICAN FINANCIAL RESOURCES, INC. 1 3.25% $3,925
BETTER MORTGAGE CORPORATION 1 3.25% $3,861
CapStar Bank 1 4.38% $2,987
GUILD MORTGAGE COMPANY 1 6.75% $3,549
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.88% $4,875
LOANDEPOT.COM, LLC 1 7.99% $4,747
MCLEAN MORTGAGE CORPORATION 1 4.88% $3,000
MOVEMENT MORTGAGE, LLC 1 5.44% $6,490
Mr. Cooper ( Nationstar Mortgage ) 1 6.13% $4,039

Bennettsville Average Closing Costs & Other Stats

Bennettsville, SC's 27 lenders originated 192 loans during 2022. The total origination value was $26,680,000, with an average loan value of $138,958.

Bennettsville's average closing costs are $4,461.

The top Bennettsville lender as defined by loan originations is First-Citizens Bank & Trust Company, with 5 loans originated. Their average total fees are $4,156, which is $1,818 higher than the next largest lender, FOUNDERS FEDERAL CREDIT UNION.

The lowest fee Bennettsville lenders (with over 10 loans originated) are .

The lowest rate Bennettsville lenders (with over 10 loans originated) are .

Bennettsville, SC 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
GREYSTONE SERVICING COMPANY LLC $3,505,000 n/a 13.1%
21ST MORTGAGE CORPORATION $2,725,000 $3,140,000 15.2% 11.8%
First-Citizens Bank & Trust Company $3,055,000 $2,255,000 -26.2% 8.5%
QUICKEN LOANS, LLC $2,545,000 $1,400,000 -45.0% 5.2%
Mortgage Research Center, LLC $575,000 $985,000 71.3% 3.7%
FOUNDERS FEDERAL CREDIT UNION $1,285,000 $945,000 -26.5% 3.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,785,000 $925,000 -66.8% 3.5%
First Bank $330,000 $755,000 128.8% 2.8%
INTERCOASTAL MORTGAGE COMPANY $175,000 $685,000 291.4% 2.6%
TRIAD FINANCIAL SERVICES, INC. $440,000 $665,000 51.1% 2.5%
North American Savings Bank, F.S.B. $610,000 n/a 2.3%
LOANDEPOT.COM, LLC $235,000 $570,000 142.6% 2.1%
CROSSCOUNTRY MORTGAGE, LLC $480,000 n/a 1.8%
Wells Fargo Bank $3,440,000 $475,000 -86.2% 1.8%
SOUTHWEST STAGE FUNDING, LLC $325,000 $470,000 44.6% 1.8%
UNITED WHOLESALE MORTGAGE, LLC $225,000 $455,000 102.2% 1.7%
Carolina Bank & Trust $1,400,000 $420,000 -70.0% 1.6%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,040,000 $410,000 -60.6% 1.5%
SPC Credit Union $355,000 $385,000 8.5% 1.4%
BROKER SOLUTIONS, INC. $345,000 n/a 1.3%
MOVEMENT MORTGAGE, LLC $155,000 $330,000 112.9% 1.2%
STATE EMPLOYEES' $595,000 $320,000 -46.2% 1.2%
Carrington Mortgage Services, LLC $290,000 n/a 1.1%
FREEDOM MORTGAGE CORPORATION $1,525,000 $290,000 -81.0% 1.1%
Ameris Bank $255,000 n/a 1.0%
S. C. STATE FEDERAL CREDIT UNION $250,000 n/a 0.9%
CALIBER HOME LOANS, INC. $230,000 n/a 0.9%
FINANCE OF AMERICA MORTGAGE LLC $360,000 $230,000 -36.1% 0.9%
Truist $200,000 n/a 0.7%
NAVY FEDERAL CREDIT UNION $280,000 $195,000 -30.4% 0.7%
NFM, INC. $195,000 n/a 0.7%
SHARONVIEW FEDERAL CREDIT UNION $195,000 n/a 0.7%
NETWORK CAPITAL FUNDING CORPORATION $175,000 n/a 0.7%
Wyndham Capital Mortgage, Inc. $175,000 n/a 0.7%
VILLAGE CAPITAL MORTGAGE $165,000 n/a 0.6%
ROYAL UNITED MORTGAGE LLC $155,000 n/a 0.6%
PNC Bank $145,000 $150,000 3.4% 0.6%
Blue Ridge Bank $145,000 n/a 0.5%
First Reliance Bank $95,000 $145,000 52.6% 0.5%
HOMEBRIDGE FINANCIAL SERVICES, INC. $145,000 n/a 0.5%
PENNYMAC LOAN SERVICES, LLC $325,000 $145,000 -55.4% 0.5%
NEW DAY FINANCIAL, LLC $310,000 $135,000 -56.5% 0.5%
SUN WEST MORTGAGE COMPANY, INC. $135,000 n/a 0.5%
Flagstar Bank, FSB $125,000 n/a 0.5%
POLARIS HOME FUNDING CORP. $125,000 n/a 0.5%
BETTER MORTGAGE CORPORATION $95,000 $115,000 21.1% 0.4%
First Federal Bank $115,000 n/a 0.4%
HOMESTAR FINANCIAL CORPORATION $115,000 n/a 0.4%
U.S. Bank $115,000 n/a 0.4%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $290,000 $105,000 -63.8% 0.4%
SRP Federal Credit Union $105,000 n/a 0.4%
Alcova Mortgage LLC $115,000 $95,000 -17.4% 0.4%
GUARANTEED RATE, INC. $380,000 $95,000 -75.0% 0.4%
South State Bank $95,000 n/a 0.4%
1ST SIGNATURE LENDING, LLC $85,000 n/a 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $35,000 $85,000 142.9% 0.3%
GUILD MORTGAGE COMPANY $455,000 $75,000 -83.5% 0.3%
MCLEAN MORTGAGE CORPORATION $75,000 n/a 0.3%
MORIA DEVELOPMENT, INC. $75,000 n/a 0.3%
CapStar Bank $65,000 n/a 0.2%
CSL Financial, LLC $65,000 n/a 0.2%
EDUCATIONAL SYSTEMS $65,000 n/a 0.2%
Mr. Cooper ( Nationstar Mortgage ) $625,000 $65,000 -89.6% 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $115,000 $55,000 -52.2% 0.2%
Magnolia Bank $55,000 n/a 0.2%
Truliant Federal Credit Union $15,000 n/a 0.1%

Bennettsville's top lender by overall market share is GREYSTONE SERVICING COMPANY LLC, with 13.1% market share. In second place, with 11.8%, is 21ST MORTGAGE CORPORATION, having originated $3,140,000 in loans. In third place, with 8.5%, is First-Citizens Bank & Trust Company, having originated $2,255,000 in loans. In fourth place, with 5.2%, is QUICKEN LOANS, LLC, having originated $1,400,000 in loans. In fifth place, with 3.7%, is Mortgage Research Center, LLC, having originated $985,000 in loans.

Bennettsville, SC Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 129 $16,435,000 $127,403
Cash Out Refi 35 $4,205,000 $120,143
Refi 22 $5,620,000 $255,455
Home Improvement 4 $220,000 $55,000
Other 2 $200,000 $100,000

Bennettsville's most frequently cited loan purpose was Home Purchase, with 129 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 41 $8,865,000 $216,220
4-5% 33 $3,695,000 $111,970
3-4% 33 $4,405,000 $133,485
Over 8% 25 $2,905,000 $116,200
6-7% 25 $2,975,000 $119,000
7-8% 13 $1,645,000 $126,538
2.5-3% 11 $1,165,000 $105,909
<2.5% 5 $605,000 $121,000

During 2022, Bennettsville's most frequently originated rate bucket was 5-6%, with 41 originations.

Loan Sizing (Bennettsville, SC MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 87 $5,915,000 $67,989
$100k-200k 87 $12,315,000 $141,552
$200k-400k 15 $3,765,000 $251,000
$400k-600k 1 $425,000 $425,000
$600k-1000k 1 $755,000 $755,000
$Over $1MM 1 $3,505,000 $3,505,000

Bennettsville's loan sizing saw the bucket of loans from $100,000 or less with 87 originations, totaling $5,915,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 119 $15,675,000 $131,723
60-80% 33 $3,685,000 $111,667
40-60% 21 $5,905,000 $281,190
20-40% 6 $240,000 $40,000
Over 100% 3 $385,000 $128,333
Under 20% 1 $15,000 $15,000

Bennettsville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 119 originations, totaling $15,675,000 in origination value.