Big Stone Gap Mortgage Rates

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  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Loan Attributes
  • Market Conditions & Pricing
  • Time on Market/Property Size
    • 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.