Big Stone Gap 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 Big Stone Gap averaged 7.45% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

    The average rate for the prior week (2025-03-27) was 7.26% and one month ago for the week of 2025-02-27, the average rate was 7.37%.

    Big Stone Gap's average rate one year ago was 7.4%.

    For refis of the same type during the week of 2025-04-03, the average rate was 6.64%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-03 6.64%
    Big Stone Gap 30 Year Fixed Rate 2025-04-03 7.45%
    Big Stone Gap 30 Year Fixed Rate Refi 2025-04-03 6.64%
    Big Stone Gap 15 Year Fixed Rate 2025-04-03 5.62%
    Big Stone Gap 15 Year Fixed Rate Refi 2025-04-03 5.72%
    Big Stone Gap 30 Year FHA 2025-04-03 6.26%
    Big Stone Gap 30 Year FHA Refi 2025-04-03 6.16%
    Big Stone Gap 30 Year USDA 2025-04-03 6.12%
    Big Stone Gap 30 Year USDA Refi 2025-04-03 6.12%
    Big Stone Gap 30 Year VA 2025-04-03 6.06%
    Big Stone Gap 30 Year VA Refi 2025-04-03 5.96%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Big Stone Gap, VA.

    Big Stone Gap 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 Big Stone Gap, VA 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    EASTMAN 50 7.81% $3,594
    QUICKEN LOANS, LLC 14 6.86% $6,337
    FIRST BANCORP 6 7.40% $3,142
    ZILLOW HOME LOANS, LLC 3 6.83% $4,878
    UNITED WHOLESALE MORTGAGE, LLC 2 6.87% $7,150
    Truist 2 7.13% $4,858
    USAA Federal Savings Bank 2 7.25% $4,197
    Community Trust Bank, Inc. 1 6.88% $2,149
    CROSSCOUNTRY MORTGAGE, LLC 1 6.99% $6,305
    Deere Employees Credit Union 1 6.13% $3,266
    EQUITY RESOURCES, INC. 1 6.38% $4,558
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $5,998
    First Federal Bank 1 5.88% $3,450
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 7.38% $4,865
    21ST MORTGAGE CORPORATION 1 11.02% $3,013
    Gateway First Bank 1 7.63% $5,428
    GUARANTEED RATE, INC. 1 7.48% $3,438
    Kingsport Press Credit Union 1 6.00% $2,324
    PENNYMAC LOAN SERVICES, LLC 1 7.25% $4,894
    Prosperity Home Mortgage, LLC 1 7.50% $3,723
    ROYAL UNITED MORTGAGE LLC 1 7.63% $5,794
    Service Federal Credit Union 1 6.00% $3,482
    Sierra Pacific Mortgage Company, Inc. 1 7.13% $4,286
    STATE EMPLOYEES' 1 6.58% $4,632
    UNION HOME MORTGAGE CORP. 1 7.00% $8,292
    Virginia Credit Union, Inc. 1 6.63% $3,088
    Flagstar Bank, FSB 1 7.48% $4,054
    ALAMEDA MORTGAGE CORPORATION 1 7.49% $3,407
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $1,847
    Atlantic Union Bank 1 6.50% $3,798
    Bank of America 1 7.00% $4,542
    BLACK HILLS FEDERAL CREDIT UNION 1 7.63% $6,489
    CARDINAL FINANCIAL 1 6.38% $6,602

    Big Stone Gap Average Closing Costs & Other Stats

    Big Stone Gap, VA's 33 lenders originated 410 loans during 2024. The total origination value was $52,520,000, with an average loan value of $128,098.

    Big Stone Gap's average closing costs are $4,230.

    The top Big Stone Gap lender as defined by loan originations is EASTMAN, with 50 loans originated. Their average total fees are $3,594, which is $2,743 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Big Stone Gap lenders (with over 10 loans originated) are EASTMAN ($3,594), QUICKEN LOANS, LLC ($6,337), .

    The lowest rate Big Stone Gap lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.86%), EASTMAN (7.81%), .

    Big Stone Gap, VA 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    EASTMAN $12,690,000 $12,890,000 1.6% 24.5%
    QUICKEN LOANS, LLC $2,750,000 $5,730,000 108.4% 10.9%
    FIRST BANCORP $2,950,000 $3,205,000 8.6% 6.1%
    Powell Valley National Bank $3,060,000 $2,320,000 -24.2% 4.4%
    CROSSCOUNTRY MORTGAGE, LLC $3,195,000 $2,265,000 -29.1% 4.3%
    Mortgage Research Center, LLC $1,810,000 $1,885,000 4.1% 3.6%
    Appalachian Community Federal Credit Union $1,095,000 $1,765,000 61.2% 3.4%
    UNITED WHOLESALE MORTGAGE, LLC $510,000 $1,665,000 226.5% 3.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $750,000 $1,630,000 117.3% 3.1%
    The First National Bank of Oneida $1,325,000 n/a 2.5%
    Truist $530,000 $1,075,000 102.8% 2.0%
    Farmers and Miners Bank $770,000 $1,060,000 37.7% 2.0%
    21ST MORTGAGE CORPORATION $1,285,000 $860,000 -33.1% 1.6%
    PENNYMAC LOAN SERVICES, LLC $55,000 $825,000 1,400.0% 1.6%
    FIRST INTEGRITY MORTGAGE SERVICES, INC. $730,000 n/a 1.4%
    CARDINAL FINANCIAL $595,000 $715,000 20.2% 1.4%
    MOVEMENT MORTGAGE, LLC $1,000,000 $660,000 -34.0% 1.3%
    BROKER SOLUTIONS, INC. $405,000 $640,000 58.0% 1.2%
    LegacyBank $555,000 n/a 1.1%
    FREEDOM MORTGAGE CORPORATION $545,000 n/a 1.0%
    FIRST COMMUNITY MORTGAGE, INC. $520,000 $535,000 2.9% 1.0%
    New Peoples Bank, Inc. $735,000 $515,000 -29.9% 1.0%
    MORTGAGEONE, INC. $505,000 n/a 1.0%
    ZILLOW HOME LOANS, LLC $195,000 $475,000 143.6% 0.9%
    NEW DAY FINANCIAL, LLC $470,000 n/a 0.9%
    LOANDEPOT.COM, LLC $190,000 $435,000 128.9% 0.8%
    USAA Federal Savings Bank $270,000 $375,000 38.9% 0.7%
    Community Trust Bank, Inc. $1,220,000 $360,000 -70.5% 0.7%
    Virginia Credit Union, Inc. $435,000 $345,000 -20.7% 0.7%
    Wells Fargo Bank $495,000 $320,000 -35.4% 0.6%
    Hometown Equity Mortgage, LLC $295,000 n/a 0.6%
    GVC MORTGAGE, INC. $290,000 n/a 0.6%
    Flagstar Bank, FSB $285,000 n/a 0.5%
    STATE EMPLOYEES' $285,000 n/a 0.5%
    BLACK HILLS FEDERAL CREDIT UNION $265,000 n/a 0.5%
    First Federal Bank $265,000 n/a 0.5%
    LAKEVIEW LOAN SERVICING, LLC $215,000 n/a 0.4%
    Bank of America $130,000 $210,000 61.5% 0.4%
    Kingsport Press Credit Union $205,000 $205,000 0.0% 0.4%
    Prosperity Home Mortgage, LLC $205,000 n/a 0.4%
    UNION HOME MORTGAGE CORP. $205,000 n/a 0.4%
    Carrington Mortgage Services, LLC $155,000 $195,000 25.8% 0.4%
    Blue Ridge Bank $95,000 $190,000 100.0% 0.4%
    TOWNE MORTGAGE COMPANY $175,000 n/a 0.3%
    FirstBank $165,000 n/a 0.3%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $155,000 n/a 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $155,000 n/a 0.3%
    Lee Bank and Trust Company $950,000 $155,000 -83.7% 0.3%
    C & F Mortgage Corporation $150,000 n/a 0.3%
    Service Federal Credit Union $145,000 n/a 0.3%
    Atlantic Union Bank $420,000 $125,000 -70.2% 0.2%
    GSF Mortgage Corporation $115,000 n/a 0.2%
    TOP FLITE FINANCIAL, INC. $95,000 n/a 0.2%
    LONGBRIDGE FINANCIAL, LLC $85,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $85,000 n/a 0.2%
    Sierra Pacific Mortgage Company, Inc. $185,000 $85,000 -54.1% 0.2%
    Figure Lending LLC $325,000 $80,000 -75.4% 0.2%
    Deere Employees Credit Union $75,000 n/a 0.1%
    ALAMEDA MORTGAGE CORPORATION $280,000 $65,000 -76.8% 0.1%
    EQUITY RESOURCES, INC. $65,000 n/a 0.1%
    Gateway First Bank $55,000 n/a 0.1%
    GUARANTEED RATE, INC. $145,000 $55,000 -62.1% 0.1%
    NAVY FEDERAL CREDIT UNION $385,000 $55,000 -85.7% 0.1%
    CMG MORTGAGE, INC. $500,000 $35,000 -93.0% 0.1%
    Coastal Community Bank $15,000 $25,000 66.7% 0.0%
    TruPoint Bank $25,000 n/a 0.0%

    Big Stone Gap's top lender by overall market share is EASTMAN, with 24.5% market share. In second place, with 10.9%, is QUICKEN LOANS, LLC, having originated $5,730,000 in loans. In third place, with 6.1%, is FIRST BANCORP, having originated $3,205,000 in loans. In fourth place, with 4.4%, is Powell Valley National Bank, having originated $2,320,000 in loans. In fifth place, with 4.3%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $2,265,000 in loans.

    Big Stone Gap Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Big Stone Gap (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 $101,654 (-1.2%) $131,160 (5.2%) 0.00 208
    2018-02-01 $104,999 (6.3%) $131,655 (9.0%) 0.00 211
    2018-03-01 $99,725 (5.7%) $127,920 (8.7%) 0.00 213
    2018-04-01 $99,500 (2.7%) $126,600 (3.8%) 0.00 205
    2018-05-01 $99,167 (3.0%) $122,149 (-0.4%) 0.00 217
    2018-06-01 $94,333 (-4.4%) $118,066 (-6.5%) 0.00 229
    2018-07-01 $94,111 (-4.9%) $118,223 (-4.2%) 0.00 251
    2018-08-01 $92,500 (-5.8%) $119,485 (-3.0%) 0.00 268
    2018-09-01 $89,639 (-10.3%) $115,349 (-8.0%) 0.00 267
    2018-10-01 $87,708 (-12.2%) $114,343 (-8.1%) 0.00 269
    2018-11-01 $87,500 (-12.1%) $113,657 (-9.2%) 0.00 257
    2018-12-01 $88,998 (-11.9%) $115,419 (-10.4%) 0.00 240
    2019-01-01 $90,250 (-11.2%) $116,871 (-10.9%) 0.00 240
    2019-02-01 $92,500 (-11.9%) $120,011 (-8.8%) 0.00 229
    2019-03-01 $93,476 (-6.3%) $125,881 (-1.6%) 0.00 215
    2019-04-01 $94,666 (-4.9%) $129,083 (2.0%) 0.00 211
    2019-05-01 $96,938 (-2.3%) $134,296 (9.9%) 0.00 212
    2019-06-01 $101,300 (7.4%) $137,010 (16.1%) 0.00 213
    2019-07-01 $102,150 (8.5%) $136,374 (15.4%) 0.00 212
    2019-08-01 $103,413 (11.8%) $136,332 (14.1%) 0.00 211
    2019-09-01 $102,617 (14.5%) $137,103 (18.9%) 0.00 209
    2019-10-01 $102,086 (16.4%) $137,113 (19.9%) 0.00 204
    2019-11-01 $104,000 (18.9%) $134,316 (18.2%) 0.00 205
    2019-12-01 $98,750 (11.0%) $132,272 (14.6%) 0.00 208
    2020-01-01 $97,950 (8.5%) $133,212 (14.0%) 0.00 201
    2020-02-01 $95,900 (3.7%) $135,468 (12.9%) 0.00 191
    2020-03-01 $98,450 (5.3%) $141,423 (12.4%) 0.00 165
    2020-04-01 $100,800 (6.5%) $151,197 (17.1%) 0.00 159
    2020-05-01 $104,900 (8.2%) $150,466 (12.0%) 0.00 151
    2020-06-01 $111,000 (9.6%) $152,283 (11.2%) 0.00 152
    2020-07-01 $120,667 (18.1%) $159,238 (16.8%) 0.00 143
    2020-08-01 $119,777 (15.8%) $157,724 (15.7%) 0.00 115
    2020-09-01 $121,000 (17.9%) $160,035 (16.7%) 0.00 115
    2020-10-01 $129,000 (26.4%) $168,256 (22.7%) 0.00 102
    2020-11-01 $135,000 (29.8%) $176,615 (31.5%) 0.00 106
    2020-12-01 $133,950 (35.7%) $170,980 (29.3%) 0.00 108
    2021-01-01 $129,000 (31.7%) $167,613 (25.8%) 0.00 103
    2021-02-01 $109,500 (14.2%) $165,347 (22.1%) 0.00 92
    2021-03-01 $127,283 (29.3%) $173,346 (22.6%) 0.00 84
    2021-04-01 $124,333 (23.4%) $172,624 (14.2%) 0.00 79
    2021-05-01 $125,000 (19.2%) $176,866 (17.6%) 0.00 72
    2021-06-01 $136,225 (22.7%) $184,110 (20.9%) 0.00 81
    2021-07-01 $152,500 (26.4%) $190,803 (19.8%) 0.00 76
    2021-08-01 $147,450 (23.1%) $184,193 (16.8%) 0.00 84
    2021-09-01 $144,000 (19.0%) $182,518 (14.1%) 0.00 89
    2021-10-01 $130,000 (0.8%) $175,499 (4.3%) 0.00 81
    2021-11-01 $145,000 (7.4%) $174,922 (-1.0%) 0.00 74
    2021-12-01 $143,500 (7.1%) $176,470 (3.2%) 0.00 70
    2022-01-01 $140,777 (9.1%) $176,716 (5.4%) 0.00 67
    2022-02-01 $137,475 (25.6%) $168,597 (2.0%) 0.00 69
    2022-03-01 $140,777 (10.6%) $170,032 (-1.9%) 0.00 63
    2022-04-01 $139,900 (12.5%) $168,263 (-2.5%) 0.00 65
    2022-05-01 $137,000 (9.6%) $157,908 (-10.7%) 0.00 63
    2022-06-01 $149,000 (9.4%) $167,298 (-9.1%) 0.00 66
    2022-07-01 $164,217 (7.7%) $185,900 (-2.6%) 0.00 65
    2022-08-01 $169,875 (15.2%) $196,819 (6.9%) 0.00 70
    2022-09-01 $171,717 (19.3%) $196,244 (7.5%) 0.00 78
    2022-10-01 $149,900 (15.3%) $186,063 (6.0%) 0.00 70
    2022-11-01 $149,150 (2.9%) $179,597 (2.7%) 0.00 67
    2022-12-01 $139,900 (-2.5%) $168,355 (-4.6%) 0.00 60
    2023-01-01 $142,475 (1.2%) $173,064 (-2.1%) 0.00 57
    2023-02-01 $139,950 (1.8%) $172,971 (2.6%) 0.00 55
    2023-03-01 $142,925 (1.5%) $169,183 (-0.5%) 0.00 58
    2023-04-01 $154,500 (10.4%) $198,611 (18.0%) 0.00 66
    2023-05-01 $133,250 (-2.7%) $188,962 (19.7%) 0.00 57
    2023-06-01 $144,000 (-3.4%) $197,293 (17.9%) 0.00 56
    2023-07-01 $169,500 (3.2%) $185,675 (-0.1%) 0.00 62
    2023-08-01 $148,450 (-12.6%) $188,346 (-4.3%) 0.00 66
    2023-09-01 $135,000 (-21.4%) $187,012 (-4.7%) 0.00 69
    2023-10-01 $129,000 (-13.9%) $154,367 (-17.0%) 0.00 66
    2023-11-01 $129,000 (-13.5%) $155,847 (-13.2%) 0.00 64
    2023-12-01 $124,900 (-10.7%) $157,151 (-6.7%) 0.00 64
    2024-01-01 $125,892 (-11.6%) $159,042 (-8.1%) 0.00 59
    2024-02-01 $124,000 (-11.4%) $170,035 (-1.7%) 0.00 50
    2024-03-01 $164,000 (14.8%) $244,970 (44.8%) 0.00 48
    2024-04-01 $153,450 (-0.7%) $228,586 (15.1%) 0.00 47
    2024-05-01 $141,225 (6.0%) $204,374 (8.2%) 0.00 61
    2024-06-01 $144,950 (0.7%) $202,240 (2.5%) 0.00 66
    2024-07-01 $163,306 (-3.7%) $218,585 (17.7%) 0.00 73
    2024-08-01 $164,950 (11.1%) $211,759 (12.4%) 0.00 80
    2024-09-01 $163,500 (21.1%) $198,713 (6.3%) 0.00 86
    2024-10-01 $181,948 (41.0%) $207,331 (34.3%) 0.00 88
    2024-11-01 $169,000 (31.0%) $215,229 (38.1%) 0.00 96
    2024-12-01 $178,638 (43.0%) $230,628 (46.8%) 0.00 91
    Big Stone Gap's median listing price for 2024-12-01 was $178,638, a difference of $53,738 (43.0%) versus the prior year and $9,638 versus the prior month.

    Big Stone Gap's median listing price comes in at 0% of the national average.

    Big Stone Gap's average listing price for 2024-12-01 was $230,628, a difference of $73,477 (46.8%) versus the prior year and $15,399 versus the prior month.

    For the 2024-12-01 period, Big Stone Gap had 91 MLS listings, a difference of -5 listings (-5%) versus the prior month and 27 listings (42%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Big Stone Gap (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,718 sqft
    2018-02-01 0 days 1,726 sqft
    2018-03-01 0 days 1,706 sqft
    2018-04-01 0 days 1,703 sqft
    2018-05-01 0 days 1,703 sqft
    2018-06-01 0 days 1,702 sqft
    2018-07-01 0 days 1,699 sqft
    2018-08-01 0 days 1,675 sqft
    2018-09-01 0 days 1,680 sqft
    2018-10-01 0 days 1,688 sqft
    2018-11-01 0 days 1,678 sqft
    2018-12-01 0 days 1,716 sqft
    2019-01-01 0 days 1,675 sqft
    2019-02-01 0 days 1,681 sqft
    2019-03-01 0 days 1,705 sqft
    2019-04-01 0 days 1,727 sqft
    2019-05-01 0 days 1,734 sqft
    2019-06-01 0 days 1,773 sqft
    2019-07-01 0 days 1,815 sqft
    2019-08-01 0 days 1,766 sqft
    2019-09-01 0 days 1,700 sqft
    2019-10-01 0 days 1,640 sqft
    2019-11-01 0 days 1,664 sqft
    2019-12-01 0 days 1,674 sqft
    2020-01-01 0 days 1,657 sqft
    2020-02-01 0 days 1,641 sqft
    2020-03-01 0 days 1,649 sqft
    2020-04-01 0 days 1,676 sqft
    2020-05-01 0 days 1,672 sqft
    2020-06-01 0 days 1,668 sqft
    2020-07-01 0 days 1,656 sqft
    2020-08-01 0 days 1,620 sqft
    2020-09-01 0 days 1,633 sqft
    2020-10-01 0 days 1,620 sqft
    2020-11-01 0 days 1,712 sqft
    2020-12-01 0 days 1,664 sqft
    2021-01-01 0 days 1,646 sqft
    2021-02-01 0 days 1,663 sqft
    2021-03-01 0 days 1,762 sqft
    2021-04-01 0 days 1,734 sqft
    2021-05-01 0 days 1,715 sqft
    2021-06-01 0 days 1,689 sqft
    2021-07-01 0 days 1,728 sqft
    2021-08-01 0 days 1,673 sqft
    2021-09-01 0 days 1,635 sqft
    2021-10-01 0 days 1,622 sqft
    2021-11-01 0 days 1,583 sqft
    2021-12-01 0 days 1,581 sqft
    2022-01-01 0 days 1,580 sqft
    2022-02-01 0 days 1,544 sqft
    2022-03-01 0 days 1,541 sqft
    2022-04-01 0 days 1,490 sqft
    2022-05-01 0 days 1,553 sqft
    2022-06-01 0 days 1,638 sqft
    2022-07-01 0 days 1,748 sqft
    2022-08-01 0 days 1,764 sqft
    2022-09-01 0 days 1,800 sqft
    2022-10-01 0 days 1,657 sqft
    2022-11-01 0 days 1,623 sqft
    2022-12-01 0 days 1,778 sqft
    2023-01-01 0 days 1,706 sqft
    2023-02-01 0 days 1,685 sqft
    2023-03-01 0 days 1,674 sqft
    2023-04-01 0 days 1,736 sqft
    2023-05-01 0 days 1,730 sqft
    2023-06-01 0 days 1,789 sqft
    2023-07-01 0 days 1,751 sqft
    2023-08-01 0 days 1,665 sqft
    2023-09-01 0 days 1,626 sqft
    2023-10-01 0 days 1,595 sqft
    2023-11-01 0 days 1,560 sqft
    2023-12-01 0 days 1,529 sqft
    2024-01-01 0 days 1,569 sqft
    2024-02-01 0 days 1,476 sqft
    2024-03-01 0 days 1,647 sqft
    2024-04-01 0 days 1,556 sqft
    2024-05-01 0 days 1,517 sqft
    2024-06-01 0 days 1,506 sqft
    2024-07-01 0 days 1,588 sqft
    2024-08-01 0 days 1,658 sqft
    2024-09-01 0 days 1,631 sqft
    2024-10-01 0 days 1,657 sqft
    2024-11-01 0 days 1,616 sqft
    2024-12-01 0 days 1,688 sqft
    Big Stone Gap's median listing age (time on market) for 2024-12-01 was 0 days.

    Big Stone Gap's median square footage for active listings during the 2024-12-01 period was 1,688 sqft. One year prior, the average listing was 1,529 sqft.

    Big Stone Gap, VA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 246 $36,970,000 $150,285
    Cash Out Refi 54 $7,200,000 $133,333
    Other 44 $2,470,000 $56,136
    Home Improvement 40 $2,140,000 $53,500
    Refi 26 $3,740,000 $143,846

    Big Stone Gap's most frequently cited loan purpose was Home Purchase, with 246 originations. The 2nd most popular reason was Cash Out Refi, with 54 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 120 $18,280,000 $152,333
    7-8% 110 $13,850,000 $125,909
    Over 8% 90 $8,830,000 $98,111
    5-6% 22 $3,440,000 $156,364
    3-4% 3 $495,000 $165,000
    4-5% 2 $420,000 $210,000

    During 2024, Big Stone Gap's most frequently originated rate bucket was 6-7%, with 120 originations.

    Loan Sizing (Big Stone Gap, VA MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 188 $10,600,000 $56,383
    $100k-200k 150 $21,340,000 $142,267
    $200k-400k 66 $16,680,000 $252,727
    $400k-600k 4 $1,930,000 $482,500
    $600k-1000k 1 $645,000 $645,000
    $Over $1MM 1 $1,325,000 $1,325,000

    Big Stone Gap's loan sizing saw the bucket of loans from $100,000 or less with 188 originations, totaling $10,600,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 185 $30,915,000 $167,108
    60-80% 55 $6,815,000 $123,909
    20-40% 45 $2,715,000 $60,333
    40-60% 28 $2,600,000 $92,857
    Under 20% 27 $965,000 $35,741
    Over 100% 5 $765,000 $153,000

    Big Stone Gap's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 185 originations, totaling $30,915,000 in origination value.