Big Stone Gap Mortgage Rates

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

30 Year Fixed Rate mortgages in Big Stone Gap averaged 7.06% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6.97% and one month ago for the week of 2022-05-26, the average rate was 6.46%.

Big Stone Gap's average rate one year ago was 4.2%.

For refis of the same type during the week of 2022-06-30, the average rate was 6.01%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Big Stone Gap 30 Year Fixed Rate 2022-06-30 7.06%
Big Stone Gap 30 Year Fixed Rate Refi 2022-06-30 6.01%
Big Stone Gap 15 Year Fixed Rate 2022-06-30 5.98%
Big Stone Gap 15 Year Fixed Rate Refi 2022-06-30 5.12%
Big Stone Gap 30 Year FHA 2022-06-30 5.83%
Big Stone Gap 30 Year FHA Refi 2022-06-30 5.96%
Big Stone Gap 30 Year USDA 2022-06-30 5.79%
Big Stone Gap 30 Year USDA Refi 2022-06-30 5.07%
Big Stone Gap 30 Year VA 2022-06-30 6.09%
Big Stone Gap 30 Year VA Refi 2022-06-30 5.48%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
EASTMAN 96 4.37% $2,776
FIRST BANCORP, INC. 22 3.41% $2,809
QUICKEN LOANS, LLC 16 3.20% $4,190
Truist Bank 6 3.14% $2,921
Wells Fargo Bank 4 3.13% $2,691
New Peoples Bank, Inc. 4 3.53% $2,534
CROSSCOUNTRY MORTGAGE, LLC 4 3.78% $5,715
CMG MORTGAGE, INC. 3 3.25% $3,745
ROYAL UNITED MORTGAGE LLC 3 3.25% $4,577
LOANDEPOT.COM, LLC 3 3.17% $3,889
CALIBER HOME LOANS, INC. 3 3.07% $3,467
HANCOCK MORTGAGE PARTNERS, LLC 2 3.31% $3,961
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.44% $5,340
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.75% $5,548
Flagstar Bank, FSB 1 2.88% $2,735
GUARANTEED RATE, INC. 1 3.38% $3,081
GUIDANCE RESIDENTIAL, LLC 1 3.75% $2,813
Alcova Mortgage LLC 1 3.63% $3,237
HOME POINT FINANCIAL CORPORATION 1 3.25% $1,498
Hometown Lenders, Inc. 1 3.00% $6,040
JPMorgan Chase Bank 1 3.38% $3,335
EMBRACE HOME LOANS, INC. 1 2.88% $2,390
MOVEMENT MORTGAGE, LLC 1 3.75% $2,957
Nations Lending Corporation 1 2.75% $6,684
NATIONWIDE MORTGAGE BANKERS, INC. 1 4.38% $5,951
NAVY FEDERAL CREDIT UNION 1 4.50% $1,826
Community Trust Bank, Inc. 1 3.50% $1,730
PENNYMAC LOAN SERVICES, LLC 1 2.87% $3,300
Pinnacle Bank 1 3.13% $3,090
Carrington Mortgage Services, LLC 1 3.38% $3,617
Regions Bank 1 3.38% $3,034
BROKER SOLUTIONS, INC. 1 2.88% $2,690
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.13% $5,811
UNITED WHOLESALE MORTGAGE, LLC 1 3.25% $4,597
AMERICAN FINANCIAL NETWORK, INC. 1 4.13% $1,602

Big Stone Gap, VA's 35 lenders originated 640 loans during 2021. The total origination value was $82,710,000, with an average loan value of $129,234.

The top Big Stone Gap lender as defined by loan originations is EASTMAN, with 96 loans originated. Their average total fees are $2,776, which is $34 lower than the next largest lender, FIRST BANCORP, INC..

The lowest fee Big Stone Gap lenders (with over 10 loans originated) are EASTMAN ($2,776), FIRST BANCORP, INC. ($2,809), QUICKEN LOANS, LLC ($4,190), .

The lowest rate Big Stone Gap lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (3.20%), FIRST BANCORP, INC. (3.41%), EASTMAN (4.37%), .

Big Stone Gap, VA Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
EASTMAN $11,720,000 $19,590,000 67.2% 23.7%
QUICKEN LOANS, LLC $7,710,000 $8,710,000 13.0% 10.5%
FIRST BANCORP, INC. $8,475,000 $7,065,000 -16.6% 8.5%
CROSSCOUNTRY MORTGAGE, LLC $4,675,000 $4,855,000 3.9% 5.9%
Truist Bank $4,250,000 $4,445,000 4.6% 5.4%
Powell Valley National Bank $3,505,000 $3,850,000 9.8% 4.7%
Mortgage Research Center, LLC $535,000 $3,370,000 529.9% 4.1%
Appalachian Community Federal Credit Union $1,470,000 $2,180,000 48.3% 2.6%
Wells Fargo Bank $1,785,000 $2,085,000 16.8% 2.5%
Farmers and Miners Bank $2,215,000 $2,035,000 -8.1% 2.5%
CMG MORTGAGE, INC. $925,000 $1,935,000 109.2% 2.3%
FREEDOM MORTGAGE CORPORATION $1,815,000 $1,890,000 4.1% 2.3%
New Peoples Bank, Inc. $2,230,000 $1,860,000 -16.6% 2.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,450,000 $1,600,000 10.3% 1.9%
PENNYMAC LOAN SERVICES, LLC $215,000 $930,000 332.6% 1.1%
NAVY FEDERAL CREDIT UNION $255,000 $920,000 260.8% 1.1%
LOANDEPOT.COM, LLC $825,000 $905,000 9.7% 1.1%
UNITED WHOLESALE MORTGAGE, LLC $790,000 n/a 1.0%
HOME POINT FINANCIAL CORPORATION $165,000 $760,000 360.6% 0.9%
21ST MORTGAGE CORPORATION $950,000 $660,000 -30.5% 0.8%
HANCOCK MORTGAGE PARTNERS, LLC $340,000 $535,000 57.4% 0.6%
EMBRACE HOME LOANS, INC. $465,000 n/a 0.6%
GUARANTEED RATE, INC. $445,000 n/a 0.5%
Flagstar Bank, FSB $415,000 n/a 0.5%
ROYAL UNITED MORTGAGE LLC $55,000 $375,000 581.8% 0.5%
CALIBER HOME LOANS, INC. $350,000 $360,000 2.9% 0.4%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,120,000 $355,000 -68.3% 0.4%
Carrington Mortgage Services, LLC $330,000 $345,000 4.5% 0.4%
MOVEMENT MORTGAGE, LLC $315,000 $340,000 7.9% 0.4%
BROKER SOLUTIONS, INC. $330,000 n/a 0.4%
FINANCE OF AMERICA MORTGAGE LLC $330,000 n/a 0.4%
PNC Bank $330,000 n/a 0.4%
NEWREZ LLC $135,000 $320,000 137.0% 0.4%
Nations Lending Corporation $85,000 $305,000 258.8% 0.4%
USAA Federal Savings Bank $135,000 $295,000 118.5% 0.4%
U.S. Bank $290,000 n/a 0.4%
FIRST HOME MORTGAGE CORPORATION $275,000 n/a 0.3%
George Mason Mortgage, LLC $265,000 n/a 0.3%
Pinnacle Bank $195,000 $255,000 30.8% 0.3%
Citizens Bank $415,000 $250,000 -39.8% 0.3%
BETTER MORTGAGE CORPORATION $235,000 n/a 0.3%
Bank of America $345,000 $230,000 -33.3% 0.3%
NP, Inc. $235,000 $225,000 -4.3% 0.3%
NEW DAY FINANCIAL, LLC $330,000 $200,000 -39.4% 0.2%
Alcova Mortgage LLC $75,000 $190,000 153.3% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $585,000 $185,000 -68.4% 0.2%
First Community Bank $115,000 $185,000 60.9% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $460,000 $175,000 -62.0% 0.2%
Metro City Bank $165,000 n/a 0.2%
Paramount Residential Mortgage Group, Inc. $95,000 $165,000 73.7% 0.2%
SOUTHWEST STAGE FUNDING, LLC $350,000 $165,000 -52.9% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $165,000 n/a 0.2%
JPMorgan Chase Bank $150,000 n/a 0.2%
AMERICAN FINANCIAL NETWORK, INC. $145,000 n/a 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $145,000 n/a 0.2%
FIRST COMMUNITY MORTGAGE, INC. $115,000 $145,000 26.1% 0.2%
Renasant Bank $605,000 $145,000 -76.0% 0.2%
GUIDANCE RESIDENTIAL, LLC $135,000 n/a 0.2%
Hometown Lenders, Inc. $135,000 n/a 0.2%
NORWICH COMMERCIAL GROUP, INC. $135,000 n/a 0.2%
TD Bank $135,000 $135,000 0.0% 0.2%
Baxter Credit Union $125,000 n/a 0.2%
CREDIT HUMAN FEDERAL CREDIT UNION $120,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $115,000 n/a 0.1%
OCEANSIDE MORTGAGE COMPANY $105,000 n/a 0.1%
Virginia Credit Union, Inc. $570,000 $105,000 -81.6% 0.1%
The Bank of Marion $355,000 $100,000 -71.8% 0.1%
LAKEVIEW LOAN SERVICING, LLC $175,000 $95,000 -45.7% 0.1%
Mr. Cooper ( Nationstar Mortgage ) $575,000 $95,000 -83.5% 0.1%
NATIONWIDE MORTGAGE BANKERS, INC. $95,000 n/a 0.1%
PHH Mortgage Corporation $95,000 n/a 0.1%
TOWNE MORTGAGE COMPANY $245,000 $95,000 -61.2% 0.1%
Barrington Bank & Trust Company, N.A. $530,000 $85,000 -84.0% 0.1%
BAYSHORE MORTGAGE FUNDING, LLC $75,000 n/a 0.1%
Carter Bank & Trust $75,000 n/a 0.1%
Community Trust Bank, Inc. $465,000 $75,000 -83.9% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $75,000 n/a 0.1%
AMERISAVE MORTGAGE CORPORATION $175,000 $65,000 -62.9% 0.1%
NATIONS RELIABLE LENDING, LLC $65,000 n/a 0.1%
Apple Federal Credit Union $55,000 n/a 0.1%
Discover Bank $55,000 $55,000 0.0% 0.1%
Regions Bank $55,000 n/a 0.1%
Figure Lending LLC $15,000 n/a 0.0%

Big Stone Gap's top lender by overall market share is EASTMAN, with 23.7% market share. In second place, with 10.5%, is QUICKEN LOANS, LLC, having originated $8,710,000 in loans. In third place, with 8.5%, is FIRST BANCORP, INC., having originated $7,065,000 in loans. In third place, with 5.9%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $4,855,000 in loans. In third place, with 5.4%, is Truist Bank, having originated $4,445,000 in loans.


Big Stone Gap, VA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 341 $47,525,000 $139,370
Refi 151 $19,975,000 $132,285
Cash Out Refi 110 $12,840,000 $116,727
Home Improvement 20 $1,200,000 $60,000
Other 18 $1,170,000 $65,000

Big Stone Gap's most frequently cited loan purpose was Home Purchase, with 341 originations. The 2nd most popular reason was Refi, with 151 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 190 $26,690,000 $140,474
2.5-3% 153 $22,415,000 $146,503
4-5% 92 $10,930,000 $118,804
<2.5% 58 $8,450,000 $145,690
5-6% 39 $3,775,000 $96,795
Over 8% 12 $640,000 $53,333
6-7% 11 $1,055,000 $95,909
7-8% 6 $590,000 $98,333

During 2021, Big Stone Gap's most frequently originated rate bucket was 3-4%, with 190 originations.

Loan Sizing (Big Stone Gap, VA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 281 $40,595,000 $144,466
$100,000 or less 271 $17,845,000 $65,849
$200k-400k 83 $21,715,000 $261,627
$400k-600k 4 $1,840,000 $460,000
$600k-1000k 1 $715,000 $715,000

Big Stone Gap's loan sizing saw the bucket of loans from $100k-200k with 281 originations, totaling $40,595,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 288 $41,020,000 $142,431
60-80% 170 $22,600,000 $132,941
40-60% 43 $3,865,000 $89,884
20-40% 23 $1,455,000 $63,261
Over 100% 10 $2,240,000 $224,000
Under 20% 6 $210,000 $35,000

Big Stone Gap's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 288 originations, totaling $41,020,000 in origination value.


Market Conditions (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 $99,750 (1.0%) $128,850 (7.5%) 0.00 251
2018-02-01 $101,667 (13.1%) $128,098 (11.1%) 0.00 253
2018-03-01 $99,000 (12.2%) $125,657 (12.0%) 0.00 258
2018-04-01 $99,000 (10.1%) $124,587 (6.5%) 0.00 256
2018-05-01 $99,000 (10.1%) $119,143 (1.5%) 0.00 274
2018-06-01 $93,000 (-0.8%) $115,249 (-6.0%) 0.00 293
2018-07-01 $92,250 (-3.2%) $114,547 (-5.3%) 0.00 310
2018-08-01 $90,998 (-7.6%) $116,154 (-4.8%) 0.00 332
2018-09-01 $89,000 (-11.0%) $112,956 (-10.4%) 0.00 330
2018-10-01 $88,798 (-11.1%) $113,692 (-8.5%) 0.00 323
2018-11-01 $88,995 (-10.6%) $114,332 (-7.9%) 0.00 307
2018-12-01 $89,000 (-11.0%) $115,981 (-8.1%) 0.00 293
2019-01-01 $89,950 (-9.8%) $117,304 (-9.0%) 0.00 283
2019-02-01 $92,250 (-9.3%) $118,934 (-7.2%) 0.00 276
2019-03-01 $92,500 (-6.6%) $122,842 (-2.2%) 0.00 260
2019-04-01 $92,500 (-6.6%) $124,465 (-0.1%) 0.00 247
2019-05-01 $96,325 (-2.7%) $132,282 (11.0%) 0.00 248
2019-06-01 $99,000 (6.5%) $134,856 (17.0%) 0.00 250
2019-07-01 $99,839 (8.2%) $133,975 (17.0%) 0.00 251
2019-08-01 $99,086 (8.9%) $131,231 (13.0%) 0.00 249
2019-09-01 $98,136 (10.3%) $127,921 (13.3%) 0.00 239
2019-10-01 $99,000 (11.5%) $131,846 (16.0%) 0.00 241
2019-11-01 $104,000 (16.9%) $134,008 (17.2%) 0.00 259
2019-12-01 $96,950 (8.9%) $127,768 (10.2%) 0.00 244
2020-01-01 $95,400 (6.1%) $128,947 (9.9%) 0.00 239
2020-02-01 $95,000 (3.0%) $133,261 (12.1%) 0.00 227
2020-03-01 $99,117 (7.2%) $138,413 (12.7%) 0.00 199
2020-04-01 $99,400 (7.5%) $144,322 (16.0%) 0.00 190
2020-05-01 $99,500 (3.3%) $144,379 (9.1%) 0.00 175
2020-06-01 $104,750 (5.8%) $145,219 (7.7%) 0.00 176
2020-07-01 $104,750 (4.9%) $149,542 (11.6%) 0.00 173
2020-08-01 $107,500 (8.5%) $147,688 (12.5%) 0.00 141
2020-09-01 $114,900 (17.1%) $151,693 (18.6%) 0.00 135
2020-10-01 $108,433 (9.5%) $154,514 (17.2%) 0.00 127
2020-11-01 $122,000 (17.3%) $160,655 (19.9%) 0.00 127
2020-12-01 $119,950 (23.7%) $156,030 (22.1%) 0.00 129
2021-01-01 $109,500 (14.8%) $154,366 (19.7%) 0.00 118
2021-02-01 $99,386 (4.6%) $153,192 (15.0%) 0.00 106
2021-03-01 $119,900 (21.0%) $163,002 (17.8%) 0.00 95
2021-04-01 $119,910 (20.6%) $164,808 (14.2%) 0.00 88
2021-05-01 $118,000 (18.6%) $167,832 (16.2%) 0.00 81
2021-06-01 $134,000 (27.9%) $177,632 (22.3%) 0.00 89
2021-07-01 $142,450 (36.0%) $182,136 (21.8%) 0.00 84
2021-08-01 $145,000 (34.9%) $178,669 (21.0%) 0.00 93
2021-09-01 $140,000 (21.9%) $177,380 (16.9%) 0.00 96
2021-10-01 $125,000 (15.3%) $167,883 (8.7%) 0.00 94
2021-11-01 $134,900 (10.6%) $170,136 (5.9%) 0.00 84
2021-12-01 $130,000 (8.4%) $166,702 (6.8%) 0.00 81
2022-01-01 $135,000 (23.3%) $166,481 (7.9%) 0.00 78
2022-02-01 $129,900 (30.7%) $160,772 (5.0%) 0.00 78
2022-03-01 $137,450 (14.6%) $158,661 (-2.7%) 0.00 76
2022-04-01 $129,500 (8.0%) $163,732 (-0.7%) 0.00 79
2022-05-01 $135,000 (14.4%) $156,663 (-6.7%) 0.00 75
2022-06-01 $147,000 (9.7%) $167,181 (-5.9%) 0.00 79
Big Stone Gap's median listing price for 2022-06-01 was $147,000, a difference of $13,000 (9.7%) versus the prior year and $12,000 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 2022-06-01 was $167,181, a difference of $-10,451 (-5.9%) versus the prior year and $10,518 versus the prior month.

For the 2022-06-01 period, Big Stone Gap had 79 MLS listings, a difference of 4 listings (5%) versus the prior month and -10 listings (-11%) 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 1,704 sqft
2018-02-01 0 days 1,715 sqft
2018-03-01 0 days 1,704 sqft
2018-04-01 0 days 1,706 sqft
2018-05-01 0 days 1,704 sqft
2018-06-01 0 days 1,680 sqft
2018-07-01 0 days 1,679 sqft
2018-08-01 0 days 1,650 sqft
2018-09-01 0 days 1,672 sqft
2018-10-01 0 days 1,680 sqft
2018-11-01 0 days 1,653 sqft
2018-12-01 0 days 1,714 sqft
2019-01-01 0 days 1,652 sqft
2019-02-01 0 days 1,667 sqft
2019-03-01 0 days 1,679 sqft
2019-04-01 0 days 1,711 sqft
2019-05-01 0 days 1,727 sqft
2019-06-01 0 days 1,736 sqft
2019-07-01 0 days 1,775 sqft
2019-08-01 0 days 1,726 sqft
2019-09-01 0 days 1,622 sqft
2019-10-01 0 days 1,619 sqft
2019-11-01 0 days 1,670 sqft
2019-12-01 0 days 1,657 sqft
2020-01-01 0 days 1,640 sqft
2020-02-01 0 days 1,632 sqft
2020-03-01 0 days 1,639 sqft
2020-04-01 0 days 1,649 sqft
2020-05-01 0 days 1,649 sqft
2020-06-01 0 days 1,680 sqft
2020-07-01 0 days 1,633 sqft
2020-08-01 0 days 1,540 sqft
2020-09-01 0 days 1,591 sqft
2020-10-01 0 days 1,525 sqft
2020-11-01 0 days 1,616 sqft
2020-12-01 0 days 1,541 sqft
2021-01-01 0 days 1,541 sqft
2021-02-01 0 days 1,597 sqft
2021-03-01 0 days 1,716 sqft
2021-04-01 0 days 1,719 sqft
2021-05-01 0 days 1,713 sqft
2021-06-01 0 days 1,689 sqft
2021-07-01 0 days 1,721 sqft
2021-08-01 0 days 1,624 sqft
2021-09-01 0 days 1,632 sqft
2021-10-01 0 days 1,583 sqft
2021-11-01 0 days 1,598 sqft
2021-12-01 0 days 1,574 sqft
2022-01-01 0 days 1,580 sqft
2022-02-01 0 days 1,521 sqft
2022-03-01 0 days 1,536 sqft
2022-04-01 0 days 1,567 sqft
2022-05-01 0 days 1,614 sqft
2022-06-01 0 days 1,622 sqft
Big Stone Gap's median listing age (time on market) for 2022-06-01 was 0 days.

Big Stone Gap's median square footage for active listings during the 2022-06-01 period was 1,622 sqft. One year prior, the average listing was 1,689 sqft.