BLACKSBURG - CHRISTIANSBURG Mortgage Rates
30 Year Fixed Rate mortgages in Blacksburg - Christiansburg averaged
5.71%
for the week of 2022-05-12, compared to the national average of
5.3% for the same period.
The average rate for the prior week (2022-05-05) was
5.68% and
one month ago for the week of 2022-04-07, the
average rate was 5.13%.
Blacksburg - Christiansburg's average rate one year ago was 3.14%.
For refis of the same type during the week of 2022-05-12, the average rate
was 5.27%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-05-12 | 5.3% |
| Blacksburg - Christiansburg 30 Year Fixed Rate | 2022-05-12 | 5.71% |
| Blacksburg - Christiansburg 30 Year Fixed Rate Refi | 2022-05-12 | 5.27% |
| Blacksburg - Christiansburg 15 Year Fixed Rate | 2022-05-12 | 5.14% |
| Blacksburg - Christiansburg 15 Year Fixed Rate Refi | 2022-05-12 | 4.91% |
| Blacksburg - Christiansburg 30 Year FHA | 2022-05-12 | 5.34% |
| Blacksburg - Christiansburg 30 Year FHA Refi | 2022-05-12 | 5.37% |
| Blacksburg - Christiansburg 30 Year USDA | 2022-05-12 | 5.19% |
| Blacksburg - Christiansburg 30 Year USDA Refi | 2022-05-12 | 5.1% |
| Blacksburg - Christiansburg 30 Year VA | 2022-05-12 | 5.39% |
| Blacksburg - Christiansburg 30 Year VA Refi | 2022-05-12 | 5.2% |
BLACKSBURG - CHRISTIANSBURG 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 BLACKSBURG-CHRISTIANSBURG, 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.).
BLACKSBURG-CHRISTIANSBURG, VA's 170 lenders originated 5,354
loans during 2021. The total origination value was $1,278,910,000, with an average loan value of
$238,870.
The top BLACKSBURG - CHRISTIANSBURG lender as defined by loan originations is QUICKEN LOANS, LLC, with
189 loans originated. Their average total fees are
$4,553, which is $1,466
higher than the next largest lender,
Alcova Mortgage LLC.
The lowest fee BLACKSBURG - CHRISTIANSBURG lenders (with over 10 loans originated) are
CAPITAL CENTER, L.L.C. ($1,400), FREEDOM MORTGAGE CORPORATION ($2,428), NAVY FEDERAL CREDIT UNION ($2,709), U.S. Bank ($2,764) and First-Citizens Bank & Trust Company ($2,932).
The lowest rate BLACKSBURG - CHRISTIANSBURG lenders (with over 10 loans originated) are
BETTER MORTGAGE CORPORATION (2.72%), AMERISAVE MORTGAGE CORPORATION (2.74%), FREEDOM FIRST (2.88%), Renasant Bank (2.93%) and First Community Bank (2.93%).
BLACKSBURG-CHRISTIANSBURG, 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 |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $79,300,000 | $86,135,000 | 8.6% | 6.7% |
| NATIONAL BANKSHARES, INC. | $77,180,000 | $80,225,000 | 3.9% | 6.3% |
| Alcova Mortgage LLC | $94,105,000 | $77,765,000 | -17.4% | 6.1% |
| WALKER & DUNLOP, LLC | $75,985,000 | n/a | 5.9% | |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $70,100,000 | $61,315,000 | -12.5% | 4.8% |
| First Community Bank | $33,060,000 | $58,480,000 | 76.9% | 4.6% |
| EMBRACE HOME LOANS, INC. | $41,790,000 | $51,035,000 | 22.1% | 4.0% |
| First Heritage Mortgage, LLC | $41,335,000 | $47,670,000 | 15.3% | 3.7% |
| Prosperity Home Mortgage, LLC | $48,450,000 | $43,915,000 | -9.4% | 3.4% |
| FREEDOM FIRST | $54,655,000 | $43,415,000 | -20.6% | 3.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $24,970,000 | $39,790,000 | 59.4% | 3.1% |
| Wells Fargo Bank | $25,440,000 | $35,350,000 | 39.0% | 2.8% |
| Atlantic Union Bank | $31,555,000 | $31,790,000 | 0.7% | 2.5% |
| MOVEMENT MORTGAGE, LLC | $32,420,000 | $30,840,000 | -4.9% | 2.4% |
| Truist Bank | $29,035,000 | $30,690,000 | 5.7% | 2.4% |
| EagleBank | $27,505,000 | n/a | 2.2% | |
| FREEDOM MORTGAGE CORPORATION | $18,355,000 | $25,325,000 | 38.0% | 2.0% |
| Citizens Bank | $4,380,000 | $19,840,000 | 353.0% | 1.6% |
| FIRST BANCORP, INC. | $43,545,000 | $18,875,000 | -56.7% | 1.5% |
| American National Bank and Trust Company | $36,850,000 | $17,790,000 | -51.7% | 1.4% |
| LOANDEPOT.COM, LLC | $9,885,000 | $16,070,000 | 62.6% | 1.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $10,075,000 | $15,295,000 | 51.8% | 1.2% |
| RESIDENTIAL MORTGAGE SERVICES, INC. | $27,765,000 | $14,565,000 | -47.5% | 1.1% |
| PENNYMAC LOAN SERVICES, LLC | $6,265,000 | $14,385,000 | 129.6% | 1.1% |
| First-Citizens Bank & Trust Company | $11,695,000 | $12,975,000 | 10.9% | 1.0% |
| Skyline National Bank | $31,125,000 | $11,700,000 | -62.4% | 0.9% |
| The Federal Savings Bank | $7,170,000 | $10,860,000 | 51.5% | 0.8% |
| BETTER MORTGAGE CORPORATION | $10,825,000 | n/a | 0.8% | |
| AMERISAVE MORTGAGE CORPORATION | $6,220,000 | $10,105,000 | 62.5% | 0.8% |
| CALIBER HOME LOANS, INC. | $14,290,000 | $9,985,000 | -30.1% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $6,970,000 | $9,185,000 | 31.8% | 0.7% |
| Renasant Bank | $17,985,000 | $8,930,000 | -50.3% | 0.7% |
| Mortgage Research Center, LLC | $4,755,000 | $8,810,000 | 85.3% | 0.7% |
| Truliant Federal Credit Union | $9,505,000 | $7,990,000 | -15.9% | 0.6% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $5,390,000 | $7,960,000 | 47.7% | 0.6% |
| MEMBER ONE | $11,060,000 | $7,290,000 | -34.1% | 0.6% |
| OVM FINANCIAL, INC. | $2,130,000 | $7,240,000 | 239.9% | 0.6% |
| Summit Community Bank, Inc. | $9,760,000 | $6,285,000 | -35.6% | 0.5% |
| CAPITAL CENTER, L.L.C. | $4,115,000 | $5,555,000 | 35.0% | 0.4% |
| George Mason Mortgage, LLC | $575,000 | $5,300,000 | 821.7% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $4,460,000 | $5,245,000 | 17.6% | 0.4% |
| JPMorgan Chase Bank | $5,735,000 | $4,710,000 | -17.9% | 0.4% |
| Flagstar Bank, FSB | $780,000 | $4,630,000 | 493.6% | 0.4% |
| Carter Bank & Trust | $1,410,000 | $4,235,000 | 200.4% | 0.3% |
| Bank of America | $4,125,000 | $4,115,000 | -0.2% | 0.3% |
| U.S. Bank | $3,410,000 | $3,985,000 | 16.9% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,990,000 | $3,905,000 | 96.2% | 0.3% |
| BROKER SOLUTIONS, INC. | $3,615,000 | $3,785,000 | 4.7% | 0.3% |
| USAA Federal Savings Bank | $6,750,000 | $3,530,000 | -47.7% | 0.3% |
| Carrington Mortgage Services, LLC | $3,900,000 | $3,480,000 | -10.8% | 0.3% |
| NEWREZ LLC | $2,515,000 | $3,120,000 | 24.1% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $470,000 | $2,660,000 | 466.0% | 0.2% |
| First Reliance Bank | $3,265,000 | $2,555,000 | -21.7% | 0.2% |
| Strong Home Mortgage, LLC | $1,005,000 | $2,500,000 | 148.8% | 0.2% |
| SOFI LENDING CORP. | $790,000 | $2,480,000 | 213.9% | 0.2% |
| INTERCOASTAL MORTGAGE COMPANY | $2,365,000 | $2,360,000 | -0.2% | 0.2% |
| IVY MORTGAGE, INC. | $1,250,000 | $2,310,000 | 84.8% | 0.2% |
| NEW DAY FINANCIAL, LLC | $2,640,000 | $2,175,000 | -17.6% | 0.2% |
| HOME POINT FINANCIAL CORPORATION | $1,680,000 | $2,160,000 | 28.6% | 0.2% |
| Blue Ridge Bank | $5,390,000 | $2,155,000 | -60.0% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,910,000 | $2,120,000 | 11.0% | 0.2% |
| TOWNE MORTGAGE COMPANY | $460,000 | $2,070,000 | 350.0% | 0.2% |
| Celco Community Federal Credit Union | $3,625,000 | $2,065,000 | -43.0% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $580,000 | $2,030,000 | 250.0% | 0.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,305,000 | $1,985,000 | -13.9% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $1,245,000 | $1,955,000 | 57.0% | 0.2% |
| RESIDENTIAL HOME FUNDING CORP. | $950,000 | $1,835,000 | 93.2% | 0.1% |
| First Guaranty Mortgage Corporation | $2,375,000 | $1,650,000 | -30.5% | 0.1% |
| NEWPORT NEWS SHIPBUILDING EMPLOYEES | $105,000 | $1,650,000 | 1,471.4% | 0.1% |
| GUARANTEED RATE, INC. | $2,835,000 | $1,590,000 | -43.9% | 0.1% |
| Virginia Credit Union, Inc. | $2,995,000 | $1,585,000 | -47.1% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $1,025,000 | $1,490,000 | 45.4% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $760,000 | $1,455,000 | 91.4% | 0.1% |
| First Mortgage Solutions, LLC | $730,000 | $1,395,000 | 91.1% | 0.1% |
| NFM, INC. | $765,000 | $1,355,000 | 77.1% | 0.1% |
| Chicago Mortgage Solutions LLC | $1,270,000 | n/a | 0.1% | |
| Nations Lending Corporation | $1,660,000 | $1,270,000 | -23.5% | 0.1% |
| The Bank of Marion | $380,000 | $1,255,000 | 230.3% | 0.1% |
| BNC National Bank | $2,450,000 | $1,235,000 | -49.6% | 0.1% |
| SWBC MORTGAGE CORPORATION | $2,490,000 | $1,215,000 | -51.2% | 0.1% |
| Pinnacle Bank | $16,140,000 | $1,115,000 | -93.1% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $750,000 | $1,110,000 | 48.0% | 0.1% |
| Fulton Bank | $2,225,000 | $1,085,000 | -51.2% | 0.1% |
| VILLAGE CAPITAL & INVESTMENT LLC | $1,075,000 | n/a | 0.1% | |
| CROSSCOUNTRY MORTGAGE, LLC | $1,140,000 | $1,000,000 | -12.3% | 0.1% |
| NETWORK CAPITAL FUNDING CORPORATION | $860,000 | $985,000 | 14.5% | 0.1% |
| GUARANTY HOME MORTGAGE CORPORATION | $360,000 | $965,000 | 168.1% | 0.1% |
| Northpointe Bank | $845,000 | $950,000 | 12.4% | 0.1% |
| LANGLEY | $115,000 | $930,000 | 708.7% | 0.1% |
| Plains Commerce Bank | $925,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $690,000 | $865,000 | 25.4% | 0.1% |
| AmeriHome Mortgage Company, LLC | $420,000 | $850,000 | 102.4% | 0.1% |
| EASTMAN | $830,000 | $850,000 | 2.4% | 0.1% |
| First Federal Bank | $360,000 | $850,000 | 136.1% | 0.1% |
| ARC HOME LLC | $2,185,000 | $840,000 | -61.6% | 0.1% |
| PNC Bank | $1,005,000 | $835,000 | -16.9% | 0.1% |
| AgFirst Farm Credit Bank | $1,745,000 | $830,000 | -52.4% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $455,000 | $825,000 | 81.3% | 0.1% |
| HomeTrust Bank | $7,110,000 | $815,000 | -88.5% | 0.1% |
| First National Bank of Pennsylvania | $735,000 | $810,000 | 10.2% | 0.1% |
| NBKC BANK | $1,305,000 | $800,000 | -38.7% | 0.1% |
| CMG MORTGAGE, INC. | $450,000 | $775,000 | 72.2% | 0.1% |
| GSF Mortgage Corporation | $765,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $750,000 | n/a | 0.1% | |
| RESIDENTIAL BANCORP. | $745,000 | n/a | 0.1% | |
| LENDERFI, INC. | $145,000 | $725,000 | 400.0% | 0.1% |
| Dollar Bank, Federal Savings Bank | $285,000 | $720,000 | 152.6% | 0.1% |
| Integrity Home Mortgage Corp | $720,000 | n/a | 0.1% | |
| Low VA Rates, LLC | $295,000 | $700,000 | 137.3% | 0.1% |
| Beeline Loans, Inc. | $685,000 | n/a | 0.1% | |
| COASTAL Federal Credit Union | $680,000 | n/a | 0.1% | |
| THRIVE MORTGAGE, LLC | $245,000 | $680,000 | 177.6% | 0.1% |
| JAMS-01, INC. | $255,000 | $675,000 | 164.7% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $670,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $775,000 | $670,000 | -13.5% | 0.1% |
| AMERICAN ADVISORS GROUP | $810,000 | $660,000 | -18.5% | 0.1% |
| Farm Credit of the Virginias, ACA | $585,000 | $660,000 | 12.8% | 0.1% |
| PLANET HOME LENDING, LLC | $505,000 | $660,000 | 30.7% | 0.1% |
| ZILLOW HOME LOANS, LLC | $135,000 | $640,000 | 374.1% | 0.1% |
| Tidewater Home Funding, LLC | $630,000 | n/a | 0.0% | |
| Manufacturers and Traders Trust Company | $360,000 | $620,000 | 72.2% | 0.0% |
| Atlantic Coast Mortgage, LLC | $270,000 | $615,000 | 127.8% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $500,000 | $600,000 | 20.0% | 0.0% |
| STATE EMPLOYEES' | $290,000 | $590,000 | 103.4% | 0.0% |
| Acre Mortgage and Financial Inc | $580,000 | n/a | 0.0% | |
| A Mortgage Boutique, LLC | $855,000 | $580,000 | -32.2% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $735,000 | $575,000 | -21.8% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $205,000 | $575,000 | 180.5% | 0.0% |
| Axos Bank | $560,000 | n/a | 0.0% | |
| Ameris Bank | $230,000 | $550,000 | 139.1% | 0.0% |
| First Savings Bank | $305,000 | $550,000 | 80.3% | 0.0% |
| Amerifirst Financial, Inc. | $545,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,015,000 | $540,000 | -46.8% | 0.0% |
| NASA Federal Credit Union | $540,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $315,000 | $540,000 | 71.4% | 0.0% |
| Morgan Stanley Private Bank | $535,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $745,000 | $535,000 | -28.2% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $580,000 | $525,000 | -9.5% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $525,000 | n/a | 0.0% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $1,030,000 | $525,000 | -49.0% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,525,000 | $510,000 | -66.6% | 0.0% |
| Bank of England | $440,000 | $505,000 | 14.8% | 0.0% |
| Fifth Third Bank | $405,000 | $505,000 | 24.7% | 0.0% |
| Watermark Capital, Inc. | $225,000 | $505,000 | 124.4% | 0.0% |
| 1ST FINANCIAL, INC. | $500,000 | n/a | 0.0% | |
| The Central Trust Bank | $500,000 | n/a | 0.0% | |
| FINANCE OF AMERICA MORTGAGE LLC | $970,000 | $490,000 | -49.5% | 0.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $485,000 | n/a | 0.0% | |
| Gateway First Bank | $470,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $455,000 | n/a | 0.0% | |
| Powell Valley National Bank | $145,000 | $445,000 | 206.9% | 0.0% |
| Discover Bank | $115,000 | $435,000 | 278.3% | 0.0% |
| FIRST HOME MORTGAGE CORPORATION | $145,000 | $430,000 | 196.6% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,680,000 | $415,000 | -84.5% | 0.0% |
| Cf Bank | $750,000 | $415,000 | -44.7% | 0.0% |
| South State Bank | $405,000 | $415,000 | 2.5% | 0.0% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $410,000 | n/a | 0.0% | |
| Citizens Union Bank of Shelbyville | $405,000 | n/a | 0.0% | |
| Commerce Bank | $405,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $1,395,000 | $380,000 | -72.8% | 0.0% |
| Towne Bank | $750,000 | $380,000 | -49.3% | 0.0% |
| Hometown Equity Mortgage, LLC | $375,000 | n/a | 0.0% | |
| Virginia National Bank | $605,000 | $375,000 | -38.0% | 0.0% |
| Citibank | $370,000 | $370,000 | 0.0% | 0.0% |
| Towne First Mortgage, LLC | $305,000 | $365,000 | 19.7% | 0.0% |
| DUPONT COMMUNITY | $205,000 | $355,000 | 73.2% | 0.0% |
| HOMESTEAD FUNDING CORP. | $935,000 | $355,000 | -62.0% | 0.0% |
| MCLEAN MORTGAGE CORPORATION | $3,990,000 | $350,000 | -91.2% | 0.0% |
| ALLEGACY FEDERAL CREDIT UNION | $345,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $885,000 | $340,000 | -61.6% | 0.0% |
| SOUTHERN TRUST MORTGAGE, LLC | $645,000 | $335,000 | -48.1% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $1,010,000 | $330,000 | -67.3% | 0.0% |
| Magnolia Bank | $205,000 | $330,000 | 61.0% | 0.0% |
| OPEN MORTGAGE, LLC | $125,000 | $325,000 | 160.0% | 0.0% |
| Keystone Funding, Inc. | $320,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $445,000 | $320,000 | -28.1% | 0.0% |
| Vellum Mortgage, Inc. | $315,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $295,000 | $310,000 | 5.1% | 0.0% |
| 21ST MORTGAGE CORPORATION | $100,000 | $305,000 | 205.0% | 0.0% |
| C&F Select LLC | $305,000 | n/a | 0.0% | |
| MK LENDING CORP. | $305,000 | n/a | 0.0% | |
| NP, Inc. | $305,000 | n/a | 0.0% | |
| Webster Five Cents Savings Bank | $305,000 | n/a | 0.0% | |
| BANKSOUTH MORTGAGE COMPANY, LLC | $165,000 | $300,000 | 81.8% | 0.0% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $425,000 | $300,000 | -29.4% | 0.0% |
| GUILD MORTGAGE COMPANY | $305,000 | $295,000 | -3.3% | 0.0% |
| SHARONVIEW FEDERAL CREDIT UNION | $770,000 | $295,000 | -61.7% | 0.0% |
| Colonial Savings, F.A. | $445,000 | $285,000 | -36.0% | 0.0% |
| TEXAS TECH | $285,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $280,000 | n/a | 0.0% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $275,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $390,000 | $275,000 | -29.5% | 0.0% |
| Merchants Bank of Indiana | $275,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $275,000 | n/a | 0.0% | |
| Presidential Bank, FSB | $545,000 | $275,000 | -49.5% | 0.0% |
| First Bank | $265,000 | n/a | 0.0% | |
| LOANLEADERS OF AMERICA, INC. | $620,000 | $265,000 | -57.3% | 0.0% |
| PLUS RELOCATION MORTGAGE, LLC | $265,000 | n/a | 0.0% | |
| Wilmington Savings Fund Society, FSB | $265,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $255,000 | n/a | 0.0% | |
| FAY SERVICING, LLC | $255,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $245,000 | n/a | 0.0% | |
| CANOPY MORTGAGE, LLC | $235,000 | n/a | 0.0% | |
| CityWorth Mortgage LLC | $975,000 | $235,000 | -75.9% | 0.0% |
| FIRST SAVINGS MORTGAGE CORPORATION | $270,000 | $235,000 | -13.0% | 0.0% |
| UNITED MORTGAGE CORP. | $235,000 | n/a | 0.0% | |
| APEX HOME LOANS, INC. | $305,000 | $225,000 | -26.2% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $225,000 | n/a | 0.0% | |
| INTELLILOAN, INC. | $225,000 | n/a | 0.0% | |
| Atlantic Home Loans, Inc. | $215,000 | n/a | 0.0% | |
| MCNB Bank and Trust Co. | $215,000 | n/a | 0.0% | |
| T2 FINANCIAL LLC | $215,000 | n/a | 0.0% | |
| Aurora Financial, LLC | $670,000 | $205,000 | -69.4% | 0.0% |
| Charles Schwab Bank, SSB | $205,000 | n/a | 0.0% | |
| EMM LOANS LLC | $280,000 | $205,000 | -26.8% | 0.0% |
| ISERVE RESIDENTIAL LENDING, LLC | $205,000 | n/a | 0.0% | |
| TIAA, FSB | $190,000 | $205,000 | 7.9% | 0.0% |
| Triumph Bank | $195,000 | $205,000 | 5.1% | 0.0% |
| NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION | $155,000 | $195,000 | 25.8% | 0.0% |
| The Freedom Bank of Virginia | $155,000 | $195,000 | 25.8% | 0.0% |
| BELEM SERVICING LLC | $185,000 | n/a | 0.0% | |
| Independent Bank | $185,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $2,040,000 | $185,000 | -90.9% | 0.0% |
| Credence Funding Corporation | $175,000 | n/a | 0.0% | |
| Hometown Lenders, Inc. | $175,000 | n/a | 0.0% | |
| RANLIFE, INC. | $375,000 | $175,000 | -53.3% | 0.0% |
| Capital Bank | $165,000 | n/a | 0.0% | |
| BLUE EAGLE CREDIT UNION | $670,000 | $160,000 | -76.1% | 0.0% |
| Bank of Botetourt | $155,000 | n/a | 0.0% | |
| Bank of the James | $500,000 | $155,000 | -69.0% | 0.0% |
| CBM Mortgage, Inc. | $155,000 | n/a | 0.0% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $875,000 | $155,000 | -82.3% | 0.0% |
| KELLER MORTGAGE, LLC | $285,000 | $155,000 | -45.6% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $500,000 | $155,000 | -69.0% | 0.0% |
| STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED | $155,000 | n/a | 0.0% | |
| ValleyStar Credit Union | $155,000 | n/a | 0.0% | |
| TOWER | $250,000 | $150,000 | -40.0% | 0.0% |
| Deere Employees Credit Union | $145,000 | n/a | 0.0% | |
| LAFAYETTE FEDERAL CREDIT UNION | $145,000 | n/a | 0.0% | |
| Metro City Bank | $135,000 | n/a | 0.0% | |
| Mid-Continent Funding, Inc. | $225,000 | $135,000 | -40.0% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $135,000 | n/a | 0.0% | |
| NexBank | $135,000 | $135,000 | 0.0% | 0.0% |
| State Department Federal Credit Union | $135,000 | n/a | 0.0% | |
| Arvest Bank | $1,030,000 | $125,000 | -87.9% | 0.0% |
| EVERETT FINANCIAL, INC. | $125,000 | n/a | 0.0% | |
| Shamrock Home Loans, Inc. | $125,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $115,000 | n/a | 0.0% | |
| MASON MCDUFFIE MORTGAGE CORPORATION | $115,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $175,000 | $115,000 | -34.3% | 0.0% |
| HANSCOM | $110,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $105,000 | n/a | 0.0% | |
| UBS Bank USA | $890,000 | $105,000 | -88.2% | 0.0% |
| ALL REVERSE MORTGAGE, INC. | $95,000 | n/a | 0.0% | |
| Apple Federal Credit Union | $95,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $195,000 | $85,000 | -56.4% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $85,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $75,000 | n/a | 0.0% | |
| C & F Mortgage Corporation | $1,390,000 | $75,000 | -94.6% | 0.0% |
| MIDLAND MORTGAGE CORPORATION | $75,000 | n/a | 0.0% | |
| Salem VA Credit Union | $75,000 | n/a | 0.0% | |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $65,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $35,000 | $55,000 | 57.1% | 0.0% |
| Figure Lending LLC | $95,000 | $45,000 | -52.6% | 0.0% |
| NEXTMARK | $35,000 | n/a | 0.0% |
BLACKSBURG - CHRISTIANSBURG's top lender by overall market share is QUICKEN LOANS, LLC, with 6.7% market share. In second place, with 6.3%, is NATIONAL BANKSHARES, INC., having originated $80,225,000 in loans. In third place, with 6.1%, is Alcova Mortgage LLC, having originated $77,765,000 in loans. In third place, with 5.9%, is WALKER & DUNLOP, LLC, having originated $75,985,000 in loans. In third place, with 4.8%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $61,315,000 in loans.
BLACKSBURG-CHRISTIANSBURG, VA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,212 | $579,750,000 | $262,093 |
| Refi | 2,052 | $513,140,000 | $250,068 |
| Cash Out Refi | 724 | $149,950,000 | $207,113 |
| Other | 202 | $22,160,000 | $109,703 |
| Home Improvement | 164 | $13,910,000 | $84,817 |
Blacksburg - Christiansburg's most frequently cited loan purpose was Home Purchase, with 2,212 originations. The 2nd most popular reason was Refi, with 2,052 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 2,003 | $483,545,000 | $241,410 |
| 3-4% | 1,762 | $381,270,000 | $216,385 |
| <2.5% | 906 | $279,700,000 | $308,720 |
| 4-5% | 210 | $29,130,000 | $138,714 |
| Over 8% | 54 | $4,530,000 | $83,889 |
| 5-6% | 43 | $3,835,000 | $89,186 |
| 6-7% | 18 | $1,500,000 | $83,333 |
| 7-8% | 5 | $355,000 | $71,000 |
During 2021, Blacksburg - Christiansburg's most frequently originated rate bucket was 2.5-3%, with 2,003 originations.
Loan Sizing (BLACKSBURG-CHRISTIANSBURG, VA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 2,170 | $323,410,000 | $149,037 |
| $200k-400k | 1,987 | $539,685,000 | $271,608 |
| $100,000 or less | 797 | $49,875,000 | $62,578 |
| $400k-600k | 349 | $165,195,000 | $473,338 |
| $600k-1000k | 29 | $20,375,000 | $702,586 |
| $Over $1MM | 22 | $180,370,000 | $8,198,636 |
BLACKSBURG - CHRISTIANSBURG's loan sizing saw the bucket of loans from $100k-200k with 2,170 originations, totaling $323,410,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,812 | $427,340,000 | $235,839 |
| 60-80% | 1,743 | $536,185,000 | $307,622 |
| 40-60% | 693 | $126,855,000 | $183,052 |
| 20-40% | 313 | $33,085,000 | $105,703 |
| Under 20% | 204 | $9,830,000 | $48,186 |
| Over 100% | 71 | $17,765,000 | $250,211 |
BLACKSBURG - CHRISTIANSBURG's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,812 originations, totaling $427,340,000 in origination value.
