Bennettsville Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Bennettsville averaged 7% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.98% and one month ago for the week of 2023-02-16, the average rate was 7%.

    Bennettsville's average rate one year ago was 4.14%.

    For refis of the same type during the week of 2023-03-23, the average rate was 7.09%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Bennettsville 30 Year Fixed Rate 2023-03-23 7%
    Bennettsville 30 Year Fixed Rate Refi 2023-03-23 7.09%
    Bennettsville 15 Year Fixed Rate 2023-03-23 7.15%
    Bennettsville 15 Year Fixed Rate Refi 2023-03-23 6.66%
    Bennettsville 30 Year FHA 2023-03-23 6.61%
    Bennettsville 30 Year FHA Refi 2023-03-23 6.11%
    Bennettsville 30 Year USDA 2023-03-23 6.58%
    Bennettsville 30 Year VA 2023-03-23 6.38%
    Bennettsville 30 Year VA Refi 2023-03-23 5.83%
    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 Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Bennettsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $109,300 (43.3%) $160,298 (37.7%) 0.00 31
    2018-02-01 $111,950 (43.3%) $159,187 (28.6%) 0.00 35
    2018-03-01 $95,000 (20.7%) $152,441 (29.0%) 0.00 35
    2018-04-01 $102,200 (-7.1%) $141,758 (16.1%) 0.00 39
    2018-05-01 $92,600 (-8.8%) $156,313 (26.8%) 0.00 43
    2018-06-01 $90,000 (9.6%) $153,209 (37.6%) 0.00 45
    2018-07-01 $101,750 (24.1%) $149,157 (32.6%) 0.00 44
    2018-08-01 $82,700 (2.2%) $158,011 (36.9%) 0.00 45
    2018-09-01 $85,000 (0.1%) $161,975 (16.4%) 0.00 43
    2018-10-01 $94,500 (15.7%) $156,126 (11.9%) 0.00 43
    2018-11-01 $112,300 (33.8%) $156,253 (13.0%) 0.00 38
    2018-12-01 $74,700 (-21.3%) $137,528 (-8.0%) 0.00 34
    2019-01-01 $80,950 (-25.9%) $138,411 (-13.7%) 0.00 34
    2019-02-01 $67,000 (-40.2%) $106,959 (-32.8%) 0.00 42
    2019-03-01 $79,000 (-16.8%) $115,626 (-24.2%) 0.00 48
    2019-04-01 $85,250 (-16.6%) $123,509 (-12.9%) 0.00 54
    2019-05-01 $77,100 (-16.7%) $119,913 (-23.3%) 0.00 58
    2019-06-01 $73,250 (-18.6%) $118,209 (-22.8%) 0.00 55
    2019-07-01 $69,250 (-31.9%) $125,262 (-16.0%) 0.00 49
    2019-08-01 $63,500 (-23.2%) $115,168 (-27.1%) 0.00 55
    2019-09-01 $61,250 (-27.9%) $112,090 (-30.8%) 0.00 57
    2019-10-01 $60,625 (-35.9%) $112,092 (-28.2%) 0.00 58
    2019-11-01 $74,700 (-33.5%) $111,612 (-28.6%) 0.00 60
    2019-12-01 $89,900 (20.4%) $113,398 (-17.6%) 0.00 60
    2020-01-01 $89,900 (11.1%) $112,767 (-18.5%) 0.00 55
    2020-02-01 $71,000 (6.0%) $99,685 (-6.8%) 0.00 59
    2020-03-01 $89,500 (13.3%) $108,099 (-6.5%) 0.00 52
    2020-04-01 $82,250 (-3.5%) $108,418 (-12.2%) 0.00 46
    2020-05-01 $85,700 (11.2%) $120,256 (0.3%) 0.00 46
    2020-06-01 $85,125 (16.2%) $116,747 (-1.2%) 0.00 51
    2020-07-01 $79,900 (15.4%) $116,489 (-7.0%) 0.00 55
    2020-08-01 $89,750 (41.3%) $136,062 (18.1%) 0.00 49
    2020-09-01 $115,200 (88.1%) $148,462 (32.5%) 0.00 45
    2020-10-01 $124,500 (105.4%) $218,920 (95.3%) 0.00 44
    2020-11-01 $142,425 (90.7%) $243,109 (117.8%) 0.00 44
    2020-12-01 $131,000 (45.7%) $234,917 (107.2%) 0.00 39
    2021-01-01 $121,750 (35.4%) $236,006 (109.3%) 0.00 36
    2021-02-01 $144,000 (102.8%) $242,513 (143.3%) 0.00 31
    2021-03-01 $159,000 (77.7%) $248,039 (129.5%) 0.00 30
    2021-04-01 $139,450 (69.5%) $252,496 (132.9%) 0.00 29
    2021-05-01 $134,500 (56.9%) $259,352 (115.7%) 0.00 31
    2021-06-01 $129,500 (52.1%) $257,443 (120.5%) 0.00 33
    2021-07-01 $129,450 (62.0%) $262,026 (124.9%) 0.00 37
    2021-08-01 $125,925 (40.3%) $172,248 (26.6%) 0.00 37
    2021-09-01 $137,725 (19.6%) $167,648 (12.9%) 0.00 32
    2021-10-01 $137,000 (10.0%) $152,153 (-30.5%) 0.00 31
    2021-11-01 $131,675 (-7.6%) $164,602 (-32.3%) 0.00 26
    2021-12-01 $129,800 (-0.9%) $158,184 (-32.7%) 0.00 23
    2022-01-01 $137,000 (12.5%) $159,310 (-32.5%) 0.00 20
    2022-02-01 $120,000 (-16.7%) $147,704 (-39.1%) 0.00 15
    2022-03-01 $130,000 (-18.2%) $165,386 (-33.3%) 0.00 25
    2022-04-01 $145,000 (4.0%) $181,568 (-28.1%) 0.00 21
    2022-05-01 $119,875 (-10.9%) $166,483 (-35.8%) 0.00 21
    2022-06-01 $125,000 (-3.5%) $165,952 (-35.5%) 0.00 23
    2022-07-01 $149,000 (15.1%) $176,274 (-32.7%) 0.00 25
    2022-08-01 $155,000 (23.1%) $185,885 (7.9%) 0.00 27
    2022-09-01 $149,450 (8.5%) $181,383 (8.2%) 0.00 29
    2022-10-01 $149,450 (9.1%) $185,396 (21.9%) 0.00 34
    2022-11-01 $143,440 (8.9%) $190,857 (16.0%) 0.00 30
    2022-12-01 $149,450 (15.1%) $190,066 (20.2%) 0.00 27
    2023-01-01 $152,450 (11.3%) $190,373 (19.5%) 0.00 26
    2023-02-01 $144,125 (20.1%) $173,533 (17.5%) 0.00 24
    Bennettsville's median listing price for 2023-02-01 was $144,125, a difference of $24,125 (20.1%) versus the prior year and $-8,325 versus the prior month.

    Bennettsville's median listing price comes in at 0% of the national average.

    Bennettsville's average listing price for 2023-02-01 was $173,533, a difference of $25,829 (17.5%) versus the prior year and $-16,840 versus the prior month.

    For the 2023-02-01 period, Bennettsville had 24 MLS listings, a difference of -2 listings (-8%) versus the prior month and 9 listings (60%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bennettsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,889 sqft
    2018-02-01 0 days 1,871 sqft
    2018-03-01 0 days 1,782 sqft
    2018-04-01 0 days 1,861 sqft
    2018-05-01 0 days 1,778 sqft
    2018-06-01 0 days 1,876 sqft
    2018-07-01 0 days 1,943 sqft
    2018-08-01 0 days 1,799 sqft
    2018-09-01 0 days 1,808 sqft
    2018-10-01 0 days 1,801 sqft
    2018-11-01 0 days 1,815 sqft
    2018-12-01 0 days 1,804 sqft
    2019-01-01 0 days 1,825 sqft
    2019-02-01 0 days 1,741 sqft
    2019-03-01 0 days 1,797 sqft
    2019-04-01 0 days 1,778 sqft
    2019-05-01 0 days 1,737 sqft
    2019-06-01 0 days 1,710 sqft
    2019-07-01 0 days 1,705 sqft
    2019-08-01 0 days 1,654 sqft
    2019-09-01 0 days 1,638 sqft
    2019-10-01 0 days 1,627 sqft
    2019-11-01 0 days 1,700 sqft
    2019-12-01 0 days 1,748 sqft
    2020-01-01 0 days 1,748 sqft
    2020-02-01 0 days 1,683 sqft
    2020-03-01 0 days 1,767 sqft
    2020-04-01 0 days 1,718 sqft
    2020-05-01 0 days 1,718 sqft
    2020-06-01 0 days 1,635 sqft
    2020-07-01 0 days 1,651 sqft
    2020-08-01 0 days 1,752 sqft
    2020-09-01 0 days 1,971 sqft
    2020-10-01 0 days 2,000 sqft
    2020-11-01 0 days 2,200 sqft
    2020-12-01 0 days 1,690 sqft
    2021-01-01 0 days 1,544 sqft
    2021-02-01 0 days 1,692 sqft
    2021-03-01 0 days 1,752 sqft
    2021-04-01 0 days 1,823 sqft
    2021-05-01 0 days 1,925 sqft
    2021-06-01 0 days 1,878 sqft
    2021-07-01 0 days 1,735 sqft
    2021-08-01 0 days 1,818 sqft
    2021-09-01 0 days 1,800 sqft
    2021-10-01 0 days 1,600 sqft
    2021-11-01 0 days 1,735 sqft
    2021-12-01 0 days 1,753 sqft
    2022-01-01 0 days 1,602 sqft
    2022-02-01 0 days 1,508 sqft
    2022-03-01 0 days 1,589 sqft
    2022-04-01 0 days 1,936 sqft
    2022-05-01 0 days 1,581 sqft
    2022-06-01 0 days 1,643 sqft
    2022-07-01 0 days 1,898 sqft
    2022-08-01 0 days 1,843 sqft
    2022-09-01 0 days 1,822 sqft
    2022-10-01 0 days 1,831 sqft
    2022-11-01 0 days 1,886 sqft
    2022-12-01 0 days 1,771 sqft
    2023-01-01 0 days 1,728 sqft
    2023-02-01 0 days 1,680 sqft
    Bennettsville's median listing age (time on market) for 2023-02-01 was 0 days.

    Bennettsville's median square footage for active listings during the 2023-02-01 period was 1,680 sqft. One year prior, the average listing was 1,508 sqft.

    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.