Boone Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Boone averaged
7.08%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.91% and
one month ago for the week of 2025-05-15, the
average rate was 7.08%.
Boone's average rate one year ago was 6.92%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.01%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Boone 30 Year Fixed Rate | 2025-06-18 | 7.08% |
| Boone 30 Year Fixed Rate Refi | 2025-06-18 | 7.01% |
| Boone 15 Year Fixed Rate | 2025-06-18 | 5.76% |
| Boone 15 Year Fixed Rate Refi | 2025-06-18 | 6.56% |
| Boone 30 Year FHA | 2025-06-18 | 0% |
| Boone 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Boone 30 Year USDA | 2025-06-18 | -0.1% |
| Boone 30 Year USDA Refi | 2025-06-18 | 0.1% |
| Boone 30 Year VA | 2025-06-18 | 0.2% |
| Boone 30 Year VA Refi | 2025-06-18 | -0.2% |
Boone 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 Boone, NC 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.).
Boone Average Closing Costs & Other Stats
Boone, NC's 113 lenders originated 975
loans during 2024. The total origination value was $359,125,000, with an average loan value of
$368,333.
Boone's average closing costs are $4,744.
The top Boone lender as defined by loan originations is QUICKEN LOANS, LLC, with
67 loans originated. Their average total fees are
$7,961, which is $3,345
higher than the next largest lender,
STATE EMPLOYEES'.
The lowest fee Boone lenders (with over 10 loans originated) are
STATE EMPLOYEES' ($4,616), GUILD MORTGAGE COMPANY ($4,841), First-Citizens Bank & Trust Company ($4,966), Truist ($5,761) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,942).
The lowest rate Boone lenders (with over 10 loans originated) are
STATE EMPLOYEES' (6.14%), Bank of America (6.29%), Truist (6.74%), UNITED WHOLESALE MORTGAGE, LLC (6.75%) and QUICKEN LOANS, LLC (6.75%).
Boone, NC 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 |
|---|---|---|---|---|
| STATE EMPLOYEES' | $57,265,000 | $43,565,000 | -23.9% | 12.1% |
| QUICKEN LOANS, LLC | $15,995,000 | $26,955,000 | 68.5% | 7.5% |
| MOVEMENT MORTGAGE, LLC | $17,030,000 | $19,155,000 | 12.5% | 5.3% |
| First-Citizens Bank & Trust Company | $28,755,000 | $15,785,000 | -45.1% | 4.4% |
| First National Bank of Pennsylvania | $10,260,000 | $13,020,000 | 26.9% | 3.6% |
| Truist | $19,725,000 | $11,995,000 | -39.2% | 3.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $13,035,000 | $11,170,000 | -14.3% | 3.1% |
| Bank of America | $16,455,000 | $10,645,000 | -35.3% | 3.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,265,000 | $7,825,000 | 48.6% | 2.2% |
| United Community Bank | $6,805,000 | $7,210,000 | 6.0% | 2.0% |
| GUILD MORTGAGE COMPANY | $545,000 | $6,680,000 | 1,125.7% | 1.9% |
| Wells Fargo Bank | $6,520,000 | $6,075,000 | -6.8% | 1.7% |
| First Horizon Bank | $6,520,000 | $5,740,000 | -12.0% | 1.6% |
| Skyline National Bank | $4,985,000 | $5,415,000 | 8.6% | 1.5% |
| Bank of Tennessee | $5,730,000 | $5,335,000 | -6.9% | 1.5% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $5,845,000 | $5,305,000 | -9.2% | 1.5% |
| Pinnacle Bank | $4,285,000 | $4,865,000 | 13.5% | 1.4% |
| JPMorgan Chase Bank | $1,120,000 | $4,750,000 | 324.1% | 1.3% |
| NAVY FEDERAL CREDIT UNION | $1,995,000 | $4,725,000 | 136.8% | 1.3% |
| PNC Bank | $7,025,000 | $4,610,000 | -34.4% | 1.3% |
| PENNYMAC LOAN SERVICES, LLC | $2,695,000 | $3,965,000 | 47.1% | 1.1% |
| American Security Mortgage Corp. | $7,790,000 | $3,500,000 | -55.1% | 1.0% |
| Morgan Stanley Private Bank | $6,570,000 | $3,490,000 | -46.9% | 1.0% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $2,235,000 | $3,150,000 | 40.9% | 0.9% |
| COASTAL Federal Credit Union | $3,550,000 | $3,135,000 | -11.7% | 0.9% |
| Fifth Third Bank | $1,385,000 | $3,105,000 | 124.2% | 0.9% |
| U.S. Bank | $4,180,000 | $2,825,000 | -32.4% | 0.8% |
| United Bank | $885,000 | $2,815,000 | 218.1% | 0.8% |
| Citibank | $2,225,000 | $2,425,000 | 9.0% | 0.7% |
| Mortgage Research Center, LLC | $1,530,000 | $2,280,000 | 49.0% | 0.6% |
| Raymond James Bank | $1,160,000 | $2,190,000 | 88.8% | 0.6% |
| USAA Federal Savings Bank | $790,000 | $2,055,000 | 160.1% | 0.6% |
| The Fidelity Bank | $95,000 | $2,020,000 | 2,026.3% | 0.6% |
| DEEPHAVEN MORTGAGE LLC | $615,000 | $1,930,000 | 213.8% | 0.5% |
| American Airlines Federal Credit Union | $810,000 | $1,905,000 | 135.2% | 0.5% |
| LOANDEPOT.COM, LLC | $85,000 | $1,820,000 | 2,041.2% | 0.5% |
| Select Bank | $1,805,000 | n/a | 0.5% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $635,000 | $1,795,000 | 182.7% | 0.5% |
| SeaTrust Mortgage Company | $1,705,000 | $1,775,000 | 4.1% | 0.5% |
| South State Bank | $470,000 | $1,775,000 | 277.7% | 0.5% |
| KeyBank | $1,705,000 | n/a | 0.5% | |
| Alcova Mortgage LLC | $880,000 | $1,635,000 | 85.8% | 0.5% |
| Piedmont Federal Savings Bank | $3,365,000 | $1,620,000 | -51.9% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $295,000 | $1,575,000 | 433.9% | 0.4% |
| Corporate Investors Mortgage Group, Inc. | $360,000 | $1,555,000 | 331.9% | 0.4% |
| Enterprise Bank of South Carolina | $1,545,000 | n/a | 0.4% | |
| Presidential Bank, FSB | $1,480,000 | n/a | 0.4% | |
| Charles Schwab Bank, SSB | $4,745,000 | $1,430,000 | -69.9% | 0.4% |
| GUARANTEED RATE, INC. | $1,275,000 | $1,430,000 | 12.2% | 0.4% |
| TD Bank | $4,820,000 | $1,380,000 | -71.4% | 0.4% |
| The Loan Store, Inc. | $660,000 | $1,375,000 | 108.3% | 0.4% |
| FineMark National Bank & Trust | $1,350,000 | n/a | 0.4% | |
| HOMESIDE FINANCIAL, LLC | $395,000 | $1,325,000 | 235.4% | 0.4% |
| Truliant Federal Credit Union | $190,000 | $1,290,000 | 578.9% | 0.4% |
| BAY EQUITY LLC | $1,275,000 | n/a | 0.4% | |
| FBC MORTGAGE, LLC | $1,260,000 | n/a | 0.4% | |
| Peach State Bank & Trust | $1,255,000 | n/a | 0.3% | |
| BMO Harris Bank | $205,000 | $1,205,000 | 487.8% | 0.3% |
| Peoples Bank | $550,000 | $1,155,000 | 110.0% | 0.3% |
| NEWREZ LLC | $460,000 | $1,070,000 | 132.6% | 0.3% |
| BROKER SOLUTIONS, INC. | $625,000 | $1,040,000 | 66.4% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $750,000 | $1,040,000 | 38.7% | 0.3% |
| Regions Bank | $4,275,000 | $1,015,000 | -76.3% | 0.3% |
| FIRST BANCORP | $985,000 | n/a | 0.3% | |
| Towne Bank | $2,030,000 | $985,000 | -51.5% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,255,000 | $975,000 | -22.3% | 0.3% |
| BETTER MORTGAGE CORPORATION | $1,275,000 | $965,000 | -24.3% | 0.3% |
| RELIANCE FIRST CAPITAL, LLC | $965,000 | n/a | 0.3% | |
| INTERCOASTAL MORTGAGE COMPANY | $790,000 | $960,000 | 21.5% | 0.3% |
| Belmont Savings Bank | $915,000 | n/a | 0.3% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,560,000 | $910,000 | -41.7% | 0.3% |
| Florida Capital Bank | $875,000 | n/a | 0.2% | |
| Southern Bank and Trust Company | $1,175,000 | $820,000 | -30.2% | 0.2% |
| Ixonia Bank | $800,000 | n/a | 0.2% | |
| UBS Bank USA | $795,000 | n/a | 0.2% | |
| Hometown Equity Mortgage, LLC | $780,000 | n/a | 0.2% | |
| ALLIANT CREDIT UNION | $775,000 | n/a | 0.2% | |
| AgFirst Farm Credit Bank | $520,000 | $765,000 | 47.1% | 0.2% |
| AMERICAN FINANCING CORPORATION | $765,000 | n/a | 0.2% | |
| CMG MORTGAGE, INC. | $495,000 | $730,000 | 47.5% | 0.2% |
| NBKC BANK | $1,175,000 | $710,000 | -39.6% | 0.2% |
| AgCarolina Farm Credit, FLCA | $705,000 | n/a | 0.2% | |
| New Peoples Bank, Inc. | $4,985,000 | $690,000 | -86.2% | 0.2% |
| NexBank | $515,000 | $690,000 | 34.0% | 0.2% |
| UNION HOME MORTGAGE CORP. | $915,000 | $685,000 | -25.1% | 0.2% |
| SUMMIT FUNDING, INC. | $665,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $245,000 | $660,000 | 169.4% | 0.2% |
| Discover Bank | $185,000 | $650,000 | 251.4% | 0.2% |
| First Community Bank | $650,000 | n/a | 0.2% | |
| TJC Mortgage, Inc. | $285,000 | $635,000 | 122.8% | 0.2% |
| First Bank | $560,000 | $620,000 | 10.7% | 0.2% |
| ZILLOW HOME LOANS, LLC | $1,285,000 | $620,000 | -51.8% | 0.2% |
| GUARANTEED RATE AFFINITY, LLC | $585,000 | n/a | 0.2% | |
| Citizens Bank | $735,000 | $560,000 | -23.8% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,835,000 | $560,000 | -80.2% | 0.2% |
| Deere Employees Credit Union | $560,000 | n/a | 0.2% | |
| Axos Bank | $1,040,000 | $555,000 | -46.6% | 0.2% |
| OCMBC, INC. | $315,000 | $555,000 | 76.2% | 0.2% |
| Suncoast Credit Union | $555,000 | n/a | 0.2% | |
| Atlantic Union Bank | $550,000 | n/a | 0.2% | |
| City National Bank | $535,000 | n/a | 0.1% | |
| Prosperity Home Mortgage, LLC | $515,000 | n/a | 0.1% | |
| EMM LOANS LLC | $505,000 | n/a | 0.1% | |
| First Federal Savings Bank of Lincolnton | $545,000 | $505,000 | -7.3% | 0.1% |
| First National Bank of America | $505,000 | n/a | 0.1% | |
| Sierra Pacific Mortgage Company, Inc. | $505,000 | n/a | 0.1% | |
| Sunflower Bank | $505,000 | n/a | 0.1% | |
| USAlliance Federal Credit Union | $505,000 | n/a | 0.1% | |
| Ameris Bank | $3,120,000 | $490,000 | -84.3% | 0.1% |
| CARDINAL FINANCIAL | $1,005,000 | $485,000 | -51.7% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $1,350,000 | $475,000 | -64.8% | 0.1% |
| Libertyville Bank & Trust | $455,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $455,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $445,000 | n/a | 0.1% | |
| Gateway First Bank | $445,000 | n/a | 0.1% | |
| STOCKTON MORTGAGE CORPORATION | $435,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $890,000 | $435,000 | -51.1% | 0.1% |
| CORNING | $100,000 | $430,000 | 330.0% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $355,000 | $430,000 | 21.1% | 0.1% |
| Bank of Oak Ridge | $425,000 | n/a | 0.1% | |
| FIRST FLORIDA Credit Union | $425,000 | n/a | 0.1% | |
| RESOURCE FINANCIAL SERVICES, INC. | $725,000 | $415,000 | -42.8% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $415,000 | n/a | 0.1% | |
| Bank of England | $405,000 | n/a | 0.1% | |
| Farmers & Merchants Bank | $405,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $655,000 | $405,000 | -38.2% | 0.1% |
| The Central Trust Bank | $940,000 | $405,000 | -56.9% | 0.1% |
| Leader Bank | $395,000 | n/a | 0.1% | |
| University Bank | $395,000 | n/a | 0.1% | |
| HARTFORD FUNDING, LTD. | $385,000 | n/a | 0.1% | |
| DELTA COMMUNITY CREDIT UNION | $755,000 | $375,000 | -50.3% | 0.1% |
| FIRST STATE MORTGAGE SERVICES, LLC | $365,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $155,000 | $345,000 | 122.6% | 0.1% |
| T2 FINANCIAL LLC | $345,000 | n/a | 0.1% | |
| TOWNE MORTGAGE COMPANY | $340,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $205,000 | $335,000 | 63.4% | 0.1% |
| LOANFLIGHT LENDING, LLC | $325,000 | n/a | 0.1% | |
| The Federal Savings Bank | $185,000 | $325,000 | 75.7% | 0.1% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $1,035,000 | $315,000 | -69.6% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $315,000 | n/a | 0.1% | |
| THE MORTGAGE FIRM, INC. | $315,000 | n/a | 0.1% | |
| BM Real Estate Services, Inc. | $305,000 | n/a | 0.1% | |
| First Federal Bank | $305,000 | n/a | 0.1% | |
| Logan Finance Corporation | $305,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $295,000 | n/a | 0.1% | |
| Atlantic Coast Mortgage, LLC | $595,000 | $285,000 | -52.1% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $285,000 | n/a | 0.1% | |
| SOUTHERN TRUST MORTGAGE, LLC | $285,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $145,000 | $275,000 | 89.7% | 0.1% |
| SOUTH CAROLINA FEDERAL CREDIT UNION | $265,000 | n/a | 0.1% | |
| Waterstone Mortgage Corporation | $495,000 | $265,000 | -46.5% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $155,000 | $260,000 | 67.7% | 0.1% |
| FIRST HOME MORTGAGE CORPORATION | $895,000 | $255,000 | -71.5% | 0.1% |
| First National Bank | $255,000 | n/a | 0.1% | |
| HomeTrust Bank | $500,000 | $255,000 | -49.0% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $255,000 | n/a | 0.1% | |
| Northpointe Bank | $255,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $245,000 | n/a | 0.1% | |
| VALOR BANK | $245,000 | n/a | 0.1% | |
| Home Mortgage Alliance Corp | $225,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $225,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $1,095,000 | $215,000 | -80.4% | 0.1% |
| GARDNER FINANCIAL SERVICES, LTD. | $215,000 | $215,000 | 0.0% | 0.1% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $1,835,000 | $215,000 | -88.3% | 0.1% |
| MIDFLORIDA | $215,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $205,000 | n/a | 0.1% | |
| AMERICAN HERITAGE LENDING, INC. | $125,000 | $165,000 | 32.0% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $165,000 | n/a | 0.0% | |
| ALLEGACY FEDERAL CREDIT UNION | $620,000 | $155,000 | -75.0% | 0.0% |
| AMERISAVE MORTGAGE CORPORATION | $155,000 | n/a | 0.0% | |
| Century Mortgage Company DBA Century Lending Company | $155,000 | n/a | 0.0% | |
| First Carolina Bank | $125,000 | $155,000 | 24.0% | 0.0% |
| Uwharrie Bank | $260,000 | $155,000 | -40.4% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $145,000 | n/a | 0.0% | |
| NEXERA HOLDING LLC | $700,000 | $135,000 | -80.7% | 0.0% |
| BAYSHORE MORTGAGE FUNDING, LLC | $125,000 | n/a | 0.0% | |
| Flagstar Bank, FSB | $2,010,000 | $125,000 | -93.8% | 0.0% |
| UNIFY FINANCIAL Credit Union | $125,000 | n/a | 0.0% | |
| City National Bank of West Virginia | $115,000 | n/a | 0.0% | |
| BancorpSouth | $495,000 | $105,000 | -78.8% | 0.0% |
| Coastal Community Bank | $105,000 | n/a | 0.0% | |
| EASTMAN | $415,000 | $75,000 | -81.9% | 0.0% |
| Bethpage Federal Credit Union | $35,000 | $65,000 | 85.7% | 0.0% |
| Bank of Bartlett | $55,000 | n/a | 0.0% | |
| Figure Lending LLC | $485,000 | $45,000 | -90.7% | 0.0% |
Boone's top lender by overall market share is STATE EMPLOYEES', with 12.1% market share. In second place, with 7.5%, is QUICKEN LOANS, LLC, having originated $26,955,000 in loans. In third place, with 5.3%, is MOVEMENT MORTGAGE, LLC, having originated $19,155,000 in loans. In fourth place, with 4.4%, is First-Citizens Bank & Trust Company, having originated $15,785,000 in loans. In fifth place, with 3.6%, is First National Bank of Pennsylvania, having originated $13,020,000 in loans.
Boone, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 552 | $253,570,000 | $459,366 |
| Home Improvement | 122 | $20,580,000 | $168,689 |
| Other | 104 | $22,040,000 | $211,923 |
| Refi | 102 | $34,110,000 | $334,412 |
| Cash Out Refi | 95 | $28,825,000 | $303,421 |
Boone's most frequently cited loan purpose was Home Purchase, with 552 originations. The 2nd most popular reason was Home Improvement, with 122 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 344 | $146,360,000 | $425,465 |
| 7-8% | 332 | $106,260,000 | $320,060 |
| 5-6% | 131 | $57,955,000 | $442,405 |
| Over 8% | 118 | $29,020,000 | $245,932 |
| 4-5% | 4 | $1,430,000 | $357,500 |
| 2.5-3% | 1 | $375,000 | $375,000 |
During 2024, Boone's most frequently originated rate bucket was 6-7%, with 344 originations.
Loan Sizing (Boone, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 352 | $102,770,000 | $291,960 |
| $400k-600k | 204 | $97,640,000 | $478,627 |
| $100k-200k | 165 | $23,185,000 | $140,515 |
| $100,000 or less | 118 | $6,840,000 | $57,966 |
| $600k-1000k | 88 | $64,720,000 | $735,455 |
| $Over $1MM | 48 | $63,970,000 | $1,332,708 |
Boone's loan sizing saw the bucket of loans from $200k-400k with 352 originations, totaling $102,770,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 315 | $152,305,000 | $483,508 |
| 80-100% | 203 | $96,665,000 | $476,182 |
| 40-60% | 134 | $47,760,000 | $356,418 |
| Under 20% | 134 | $11,840,000 | $88,358 |
| 20-40% | 133 | $29,285,000 | $220,188 |
| Over 100% | 5 | $1,715,000 | $343,000 |
Boone's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 315 originations, totaling $152,305,000 in origination value.