Boone Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Boone averaged 6.74% for the week of 2024-07-11, compared to the national average of 6.89% for the same period.

The average rate for the prior week (2024-07-03) was 6.8% and one month ago for the week of 2024-06-06, the average rate was 6.94%.

Boone's average rate one year ago was 6.86%.

For refis of the same type during the week of 2024-07-11, the average rate was 7.49%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-11 6.89%
Boone 30 Year Fixed Rate 2024-07-11 6.74%
Boone 30 Year Fixed Rate Refi 2024-07-11 7.49%
Boone 15 Year Fixed Rate 2024-07-11 6.27%
Boone 15 Year Fixed Rate Refi 2024-07-11 6.67%
Boone 30 Year FHA 2024-07-11 6.66%
Boone 30 Year FHA Refi 2024-07-11 6.76%
Boone 30 Year USDA 2024-07-11 6.47%
Boone 30 Year USDA Refi 2024-07-11 6.77%
Boone 30 Year VA 2024-07-11 6.26%
Boone 30 Year VA Refi 2024-07-11 6.46%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Boone, NC.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
STATE EMPLOYEES' 89 5.94% $4,603
QUICKEN LOANS, LLC 45 7.12% $8,845
MOVEMENT MORTGAGE, LLC 32 7.07% $7,041
First-Citizens Bank & Trust Company 26 6.56% $5,216
UNITED WHOLESALE MORTGAGE, LLC 17 7.13% $9,685
Truist 16 6.81% $6,276
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 7.08% $6,454
American Security Mortgage Corp. 12 7.41% $7,904
Bank of Tennessee 12 7.76% $6,048
Bank of America 11 6.01% $6,362
Wells Fargo Bank 11 6.81% $7,385
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 11 7.61% $9,694
United Community Bank 9 7.15% $5,330
Piedmont Federal Savings Bank 8 6.70% $4,816
ACADEMY MORTGAGE CORPORATION 8 6.33% $13,502
HOWARD HANNA FINANCIAL SERVICES, INC. 7 7.26% $6,177
Morgan Stanley Private Bank 7 5.77% $4,178
TD Bank 7 6.63% $4,418
Charles Schwab Bank, SSB 7 5.90% $4,689
Regions Bank 6 6.10% $6,464
First Horizon Bank 6 6.10% $4,466
COASTAL Federal Credit Union 6 6.08% $4,016
First National Bank of Pennsylvania 5 6.68% $4,651
Flagstar Bank, FSB 5 7.23% $10,947
U.S. Bank 4 6.94% $12,448
PENNYMAC LOAN SERVICES, LLC 4 6.78% $4,428
The Huntington National Bank 4 6.19% $5,184
BETTER MORTGAGE CORPORATION 4 6.34% $9,892
FIRST HOME MORTGAGE CORPORATION 3 7.62% $6,953
Ameris Bank 3 8.46% $12,326
The Park National Bank 3 6.58% $4,772
CARDINAL FINANCIAL 3 7.42% $11,791
The Central Trust Bank 3 7.25% $4,823
Synovus Bank 3 5.92% $6,282
Citibank 3 6.92% $3,814
SeaTrust Mortgage Company 3 7.50% $12,516
Allen Tate Mortgage Partners, LLC 3 6.50% $6,823
CREDIT UNION MORTGAGE ASSOCIATION, INC. 3 6.21% $3,930
PNC Bank 3 6.42% $4,367
Pinnacle Bank 3 6.88% $6,898
NBKC BANK 3 7.04% $4,134
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.42% $12,256
NEXERA HOLDING LLC 2 8.50% $13,342
AMERICAN FINANCIAL NETWORK, INC. 2 7.81% $9,787
ARC HOME LLC 2 7.56% $3,721
BROKER SOLUTIONS, INC. 2 7.31% $8,424
Corporate Investors Mortgage Group, Inc. 2 6.75% $6,234
CROSSCOUNTRY MORTGAGE, LLC 2 7.63% $7,501
Fifth Third Bank 2 7.12% $7,076
GoPrime Mortgage, Inc. 2 7.88% $6,785
GUARANTEED RATE, INC. 2 8.40% $5,153
JPMorgan Chase Bank 2 7.31% $4,097
LOCAL GOVERNMENT FEDERAL CREDIT UNION 2 7.45% $4,577
NEWREZ LLC 2 7.31% $7,669
NFM, INC. 2 6.69% $5,698
PROVIDENT FUNDING ASSOCIATES, L.P. 2 6.31% $6,599
Raymond James Bank 2 5.56% $5,081
Renasant Bank 2 7.50% $5,454
Southern First Bank 2 7.44% $8,529
South State Bank 2 7.06% $5,406
The Loan Store, Inc. 2 7.63% $5,427
Third Federal Savings and Loan Association of Cleveland 2 5.92% $148
ZILLOW HOME LOANS, LLC 2 7.44% $4,578
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 8.75% $26,126
MICHIGAN MUTUAL, INC. 1 5.75% $10,111
MidFirst Bank 1 5.75% $4,195
First Reliance Bank 1 6.63% $7,240
First Financial Bank 1 7.00% $4,578
Mr. Cooper ( Nationstar Mortgage ) 1 5.99% $25,737
Farmers Bank & Trust 1 5.88% $3,540
NATIONS DIRECT MORTGAGE, LLC 1 6.63% $4,451
NAVY FEDERAL CREDIT UNION 1 7.13% $18,811
EXCITE Credit Union 1 4.88% $3,483
NETWORK CAPITAL FUNDING CORPORATION 1 7.50% $11,221
New Peoples Bank, Inc. 1 5.75% $3,514
ALLEGACY FEDERAL CREDIT UNION 1 7.38% $10,444
NexBank 1 5.88% $7,764
EVERETT FINANCIAL, INC. 1 7.13% $8,054
USAA Federal Savings Bank 1 7.88% $3,889
North State Bank 1 7.50% $3,666
Notre Dame Federal Credit Union Corporation 1 6.38% $2,131
NP, Inc. 1 8.12% $9,009
EQUITY RESOURCES, INC. 1 6.88% $5,490
PENTAGON FEDERAL CREDIT UNION 1 7.75% $1,670
Peoples Bank 1 6.95% $5,015
EMBRACE HOME LOANS, INC. 1 6.99% $6,035
EASTMAN 1 5.38% $4,168
PLAZA HOME MORTGAGE, INC. 1 6.88% $11,496
East Coast Capital Corp. 1 7.00% $118
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.50% $24,565
Alcova Mortgage LLC 1 7.00% $8,812
DELTA COMMUNITY CREDIT UNION 1 6.00% $9,917
Uwharrie Bank 1 7.50% $3,384
CORNERSTONE HOME LENDING, INC. 1 6.63% $7,583
VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.25% $8,047
RESOURCE FINANCIAL SERVICES, INC. 1 6.25% $3,976
CMG MORTGAGE, INC. 1 7.88% $12,615
AgFirst Farm Credit Bank 1 8.38% $5,675
WINGS FINANCIAL 1 7.63% $3,269
CIBC Bank USA 1 5.13% $3,483
CHURCHILL MORTGAGE CORPORATION 1 6.88% $5,360
CHARLOTTE METRO FEDERAL CREDIT UNION 1 5.24% $6,601
CBM Mortgage, Inc. 1 7.13% $10,798
BNY Mellon 1 5.50% $4,079
Wyndham Capital Mortgage, Inc. 1 6.63% $18,705
BancorpSouth 1 4.90% $8,956
Zions Bank 1 5.38% $5,636
TIDEWATER MORTGAGE SERVICES, INC. 1 7.63% $6,299
TJC Mortgage, Inc. 1 7.13% $6,850
Toyota Financial Savings Bank 1 5.70% $4,632
GARDNER FINANCIAL SERVICES, LTD. 1 6.88% $10,190
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.99% $5,601
UNION HOME MORTGAGE CORP. 1 6.63% $3,769
GUILD MORTGAGE COMPANY 1 6.50% $4,053
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.13% $19,306
HOMESIDE FINANCIAL, LLC 1 7.63% $18,175
FOUNDERS FEDERAL CREDIT UNION 1 6.63% $2,729
Integrity Home Mortgage Corp 1 7.63% $11,378
INTERCOASTAL MORTGAGE COMPANY 1 7.38% $3,124
United Bank 1 6.13% $4,336
LADERA LENDING, INC. 1 6.88% $8,933
LAKEVIEW LOAN SERVICING, LLC 1 7.13% $9,672
LATINO COMMUNITY CREDIT UNION 1 7.25% $4,939
LOANDEPOT.COM, LLC 1 6.63% $4,099

Boone Average Closing Costs & Other Stats

Boone, NC's 124 lenders originated 1,123 loans during 2023. The total origination value was $390,185,000, with an average loan value of $347,449.

Boone's average closing costs are $4,582.

The top Boone lender as defined by loan originations is STATE EMPLOYEES', with 89 loans originated. Their average total fees are $4,603, which is $4,242 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Boone lenders (with over 10 loans originated) are STATE EMPLOYEES' ($4,603), First-Citizens Bank & Trust Company ($5,216), Bank of Tennessee ($6,048), Truist ($6,276) and Bank of America ($6,362).

The lowest rate Boone lenders (with over 10 loans originated) are STATE EMPLOYEES' (5.94%), Bank of America (6.01%), First-Citizens Bank & Trust Company (6.56%), Wells Fargo Bank (6.81%) and Truist (6.81%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
STATE EMPLOYEES' $55,480,000 $57,265,000 3.2% 14.7%
First-Citizens Bank & Trust Company $28,490,000 $28,755,000 0.9% 7.4%
Truist $24,425,000 $19,725,000 -19.2% 5.1%
MOVEMENT MORTGAGE, LLC $40,425,000 $17,030,000 -57.9% 4.4%
Bank of America $17,095,000 $16,455,000 -3.7% 4.2%
QUICKEN LOANS, LLC $36,435,000 $15,995,000 -56.1% 4.1%
UNITED WHOLESALE MORTGAGE, LLC $11,560,000 $13,035,000 12.8% 3.3%
First National Bank of Pennsylvania $21,900,000 $10,260,000 -53.2% 2.6%
American Security Mortgage Corp. $3,020,000 $7,790,000 157.9% 2.0%
PNC Bank $6,250,000 $7,025,000 12.4% 1.8%
United Community Bank $14,365,000 $6,805,000 -52.6% 1.7%
Morgan Stanley Private Bank $3,635,000 $6,570,000 80.7% 1.7%
First Horizon Bank $6,490,000 $6,520,000 0.5% 1.7%
Wells Fargo Bank $15,045,000 $6,520,000 -56.7% 1.7%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $8,725,000 $5,845,000 -33.0% 1.5%
Bank of Tennessee $7,570,000 $5,730,000 -24.3% 1.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $6,545,000 $5,265,000 -19.6% 1.3%
New Peoples Bank, Inc. $7,760,000 $4,985,000 -35.8% 1.3%
Skyline National Bank $12,770,000 $4,985,000 -61.0% 1.3%
TD Bank $6,815,000 $4,820,000 -29.3% 1.2%
Charles Schwab Bank, SSB $2,070,000 $4,745,000 129.2% 1.2%
Pinnacle Bank $6,085,000 $4,285,000 -29.6% 1.1%
Regions Bank $4,585,000 $4,275,000 -6.8% 1.1%
U.S. Bank $7,160,000 $4,180,000 -41.6% 1.1%
ACADEMY MORTGAGE CORPORATION $1,185,000 $3,760,000 217.3% 1.0%
COASTAL Federal Credit Union $4,415,000 $3,550,000 -19.6% 0.9%
Piedmont Federal Savings Bank $5,350,000 $3,365,000 -37.1% 0.9%
Ameris Bank $1,235,000 $3,120,000 152.6% 0.8%
The Huntington National Bank $3,755,000 $3,070,000 -18.2% 0.8%
Synovus Bank $700,000 $3,010,000 330.0% 0.8%
CROSSCOUNTRY MORTGAGE, LLC $3,520,000 $2,835,000 -19.5% 0.7%
PENNYMAC LOAN SERVICES, LLC $1,440,000 $2,695,000 87.2% 0.7%
HOWARD HANNA FINANCIAL SERVICES, INC. $2,235,000 n/a 0.6%
Citibank $920,000 $2,225,000 141.8% 0.6%
Towne Bank $2,585,000 $2,030,000 -21.5% 0.5%
Flagstar Bank, FSB $5,545,000 $2,010,000 -63.8% 0.5%
NAVY FEDERAL CREDIT UNION $4,060,000 $1,995,000 -50.9% 0.5%
LOCAL GOVERNMENT FEDERAL CREDIT UNION $2,710,000 $1,835,000 -32.3% 0.5%
SeaTrust Mortgage Company $480,000 $1,705,000 255.2% 0.4%
Renasant Bank $770,000 $1,670,000 116.9% 0.4%
Southern First Bank $2,435,000 $1,580,000 -35.1% 0.4%
ANGEL OAK MORTGAGE SOLUTIONS LLC $315,000 $1,560,000 395.2% 0.4%
Mortgage Research Center, LLC $1,330,000 $1,530,000 15.0% 0.4%
The Park National Bank $1,790,000 $1,495,000 -16.5% 0.4%
Fifth Third Bank $1,795,000 $1,385,000 -22.8% 0.4%
LENDINGHOME FUNDING CORPORATION $1,500,000 $1,350,000 -10.0% 0.3%
ZILLOW HOME LOANS, LLC $1,285,000 n/a 0.3%
BETTER MORTGAGE CORPORATION $6,645,000 $1,275,000 -80.8% 0.3%
GUARANTEED RATE, INC. $1,690,000 $1,275,000 -24.6% 0.3%
PROVIDENT FUNDING ASSOCIATES, L.P. $695,000 $1,270,000 82.7% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $300,000 $1,255,000 318.3% 0.3%
Allen Tate Mortgage Partners, LLC $3,700,000 $1,185,000 -68.0% 0.3%
NBKC BANK $890,000 $1,175,000 32.0% 0.3%
Southern Bank and Trust Company $750,000 $1,175,000 56.7% 0.3%
Raymond James Bank $2,690,000 $1,160,000 -56.9% 0.3%
MidFirst Bank $1,125,000 n/a 0.3%
JPMorgan Chase Bank $7,295,000 $1,120,000 -84.6% 0.3%
AMERICAN FINANCIAL NETWORK, INC. $1,095,000 n/a 0.3%
GoPrime Mortgage, Inc. $1,880,000 $1,085,000 -42.3% 0.3%
Axos Bank $1,040,000 n/a 0.3%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $1,035,000 n/a 0.3%
CARDINAL FINANCIAL $2,445,000 $1,005,000 -58.9% 0.3%
HOMEBRIDGE FINANCIAL SERVICES, INC. $465,000 $1,005,000 116.1% 0.3%
Zions Bank $955,000 n/a 0.2%
The Central Trust Bank $850,000 $940,000 10.6% 0.2%
NFM, INC. $245,000 $920,000 275.5% 0.2%
UNION HOME MORTGAGE CORP. $2,250,000 $915,000 -59.3% 0.2%
FIRST HOME MORTGAGE CORPORATION $245,000 $895,000 265.3% 0.2%
Third Federal Savings and Loan Association of Cleveland $335,000 $890,000 165.7% 0.2%
United Bank $1,740,000 $885,000 -49.1% 0.2%
Alcova Mortgage LLC $1,310,000 $880,000 -32.8% 0.2%
ARC HOME LLC $835,000 n/a 0.2%
American Airlines Federal Credit Union $360,000 $810,000 125.0% 0.2%
NP, Inc. $215,000 $800,000 272.1% 0.2%
INTERCOASTAL MORTGAGE COMPANY $1,725,000 $790,000 -54.2% 0.2%
USAA Federal Savings Bank $1,265,000 $790,000 -37.5% 0.2%
DELTA COMMUNITY CREDIT UNION $755,000 n/a 0.2%
Mr. Cooper ( Nationstar Mortgage ) $2,360,000 $750,000 -68.2% 0.2%
Citizens Bank $7,410,000 $735,000 -90.1% 0.2%
RESOURCE FINANCIAL SERVICES, INC. $355,000 $725,000 104.2% 0.2%
Toyota Financial Savings Bank $1,455,000 $725,000 -50.2% 0.2%
NEW DAY FINANCIAL, LLC $960,000 $720,000 -25.0% 0.2%
NEXERA HOLDING LLC $1,355,000 $700,000 -48.3% 0.2%
BNY Mellon $1,205,000 $685,000 -43.2% 0.2%
MICHIGAN MUTUAL, INC. $675,000 n/a 0.2%
The Loan Store, Inc. $660,000 n/a 0.2%
CIBC Bank USA $655,000 n/a 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $680,000 $655,000 -3.7% 0.2%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $620,000 $635,000 2.4% 0.2%
American National Bank and Trust Company $55,000 $625,000 1,036.4% 0.2%
BROKER SOLUTIONS, INC. $1,270,000 $625,000 -50.8% 0.2%
ALLEGACY FEDERAL CREDIT UNION $345,000 $620,000 79.7% 0.2%
DEEPHAVEN MORTGAGE LLC $615,000 n/a 0.2%
ENCORE BANK $605,000 n/a 0.2%
Atlantic Coast Mortgage, LLC $595,000 n/a 0.2%
Farmers Bank and Trust Company $595,000 n/a 0.2%
Integrity Home Mortgage Corp $575,000 n/a 0.1%
LATINO COMMUNITY CREDIT UNION $570,000 n/a 0.1%
First Bank $2,900,000 $560,000 -80.7% 0.1%
Peoples Bank $820,000 $550,000 -32.9% 0.1%
First Federal Savings Bank of Lincolnton $1,185,000 $545,000 -54.0% 0.1%
GUILD MORTGAGE COMPANY $715,000 $545,000 -23.8% 0.1%
AgFirst Farm Credit Bank $530,000 $520,000 -1.9% 0.1%
CBM Mortgage, Inc. $515,000 n/a 0.1%
NexBank $445,000 $515,000 15.7% 0.1%
HomeTrust Bank $1,370,000 $500,000 -63.5% 0.1%
BancorpSouth $495,000 n/a 0.1%
CMG MORTGAGE, INC. $2,635,000 $495,000 -81.2% 0.1%
Waterstone Mortgage Corporation $475,000 $495,000 4.2% 0.1%
Figure Lending LLC $55,000 $485,000 781.8% 0.1%
North State Bank $1,090,000 $485,000 -55.5% 0.1%
South State Bank $4,785,000 $470,000 -90.2% 0.1%
Wyndham Capital Mortgage, Inc. $1,950,000 $465,000 -76.2% 0.1%
NEWREZ LLC $665,000 $460,000 -30.8% 0.1%
ALL REVERSE MORTGAGE, INC. $445,000 n/a 0.1%
EASTMAN $415,000 n/a 0.1%
ServisFirst Bank $405,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $385,000 $395,000 2.6% 0.1%
North American Savings Bank, F.S.B. $375,000 n/a 0.1%
CORNERSTONE HOME LENDING, INC. $405,000 $365,000 -9.9% 0.1%
Farmers Bank & Trust $445,000 $365,000 -18.0% 0.1%
Corporate Investors Mortgage Group, Inc. $2,675,000 $360,000 -86.5% 0.1%
NETWORK CAPITAL FUNDING CORPORATION $355,000 n/a 0.1%
PLAZA HOME MORTGAGE, INC. $255,000 $355,000 39.2% 0.1%
CLEARPATH LENDING $345,000 n/a 0.1%
Andrew Johnson Bank $1,055,000 $335,000 -68.2% 0.1%
CHARLOTTE METRO FEDERAL CREDIT UNION $570,000 $335,000 -41.2% 0.1%
First Financial Bank $325,000 n/a 0.1%
FOUNDERS FEDERAL CREDIT UNION $740,000 $315,000 -57.4% 0.1%
NATIONS DIRECT MORTGAGE, LLC $315,000 n/a 0.1%
OCMBC, INC. $315,000 n/a 0.1%
EVERETT FINANCIAL, INC. $305,000 n/a 0.1%
EXCITE Credit Union $305,000 n/a 0.1%
The Conway National Bank $305,000 n/a 0.1%
FREEDOM MORTGAGE CORPORATION $2,185,000 $295,000 -86.5% 0.1%
LIMA ONE CAPITAL, LLC $870,000 $295,000 -66.1% 0.1%
TJC Mortgage, Inc. $1,595,000 $285,000 -82.1% 0.1%
First Merchants Bank $275,000 n/a 0.1%
Carrington Mortgage Services, LLC $140,000 $265,000 89.3% 0.1%
Uwharrie Bank $3,920,000 $260,000 -93.4% 0.1%
East Coast Capital Corp. $255,000 n/a 0.1%
CALCON MUTUAL MORTGAGE LLC $245,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $245,000 n/a 0.1%
WINGS FINANCIAL $665,000 $240,000 -63.9% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $395,000 $235,000 -40.5% 0.1%
EQUITY RESOURCES, INC. $1,190,000 $235,000 -80.3% 0.1%
UIF CORPORATION $205,000 $235,000 14.6% 0.1%
First IC Corporation $225,000 n/a 0.1%
LADERA LENDING, INC. $225,000 n/a 0.1%
GARDNER FINANCIAL SERVICES, LTD. $215,000 n/a 0.1%
Notre Dame Federal Credit Union Corporation $215,000 n/a 0.1%
BMO Harris Bank $205,000 n/a 0.1%
Connexus Credit Union $205,000 n/a 0.1%
First Reliance Bank $395,000 $205,000 -48.1% 0.1%
PENTAGON FEDERAL CREDIT UNION $205,000 n/a 0.1%
TIDEWATER MORTGAGE SERVICES, INC. $205,000 n/a 0.1%
Empower Federal Credit Union $195,000 n/a 0.0%
POLARIS HOME FUNDING CORP. $245,000 $195,000 -20.4% 0.0%
Truliant Federal Credit Union $1,135,000 $190,000 -83.3% 0.0%
AMWEST FUNDING CORP. $185,000 n/a 0.0%
Discover Bank $395,000 $185,000 -53.2% 0.0%
The Federal Savings Bank $275,000 $185,000 -32.7% 0.0%
RTP Federal Credit Union $175,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $195,000 $155,000 -20.5% 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $245,000 $155,000 -36.7% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $75,000 $145,000 93.3% 0.0%
EMBRACE HOME LOANS, INC. $145,000 n/a 0.0%
AMERICAN HERITAGE LENDING, INC. $125,000 n/a 0.0%
First Carolina Bank $11,635,000 $125,000 -98.9% 0.0%
SONABANK $205,000 $105,000 -48.8% 0.0%
Stifel Bank and Trust $885,000 $105,000 -88.1% 0.0%
CORNING $100,000 n/a 0.0%
FirstBank $300,000 $95,000 -68.3% 0.0%
The Fidelity Bank $5,060,000 $95,000 -98.1% 0.0%
LOANDEPOT.COM, LLC $3,130,000 $85,000 -97.3% 0.0%
Bethpage Federal Credit Union $35,000 n/a 0.0%
FREEDOM FIRST $855,000 $15,000 -98.2% 0.0%

Boone's top lender by overall market share is STATE EMPLOYEES', with 14.7% market share. In second place, with 7.4%, is First-Citizens Bank & Trust Company, having originated $28,755,000 in loans. In third place, with 5.1%, is Truist, having originated $19,725,000 in loans. In fourth place, with 4.4%, is MOVEMENT MORTGAGE, LLC, having originated $17,030,000 in loans. In fifth place, with 4.2%, is Bank of America, having originated $16,455,000 in loans.


Boone Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Boone (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 $346,375 (15.8%) $493,892 (17.7%) 0.00 708
2018-02-01 $354,450 (19.5%) $510,990 (25.4%) 0.00 693
2018-03-01 $374,950 (25.3%) $523,338 (26.5%) 0.00 691
2018-04-01 $359,250 (19.8%) $516,660 (24.3%) 0.00 727
2018-05-01 $360,975 (43.0%) $512,247 (39.2%) 0.00 778
2018-06-01 $378,000 (90.0%) $522,783 (67.8%) 0.00 870
2018-07-01 $289,000 (44.6%) $428,860 (35.7%) 0.00 1,297
2018-08-01 $199,000 (-39.6%) $325,938 (-28.4%) 0.00 1,651
2018-09-01 $199,000 (-39.7%) $327,147 (-29.1%) 0.00 1,643
2018-10-01 $189,950 (-42.6%) $322,514 (-31.0%) 0.00 1,620
2018-11-01 $179,125 (-45.4%) $312,033 (-32.8%) 0.00 1,569
2018-12-01 $169,900 (-48.4%) $309,238 (-35.2%) 0.00 1,462
2019-01-01 $159,406 (-54.0%) $301,611 (-38.9%) 0.00 1,309
2019-02-01 $150,000 (-57.7%) $296,573 (-42.0%) 0.00 1,312
2019-03-01 $256,714 (-31.5%) $421,427 (-19.5%) 0.00 1,007
2019-04-01 $399,000 (11.1%) $580,398 (12.3%) 0.00 604
2019-05-01 $393,724 (9.1%) $573,043 (11.9%) 0.00 594
2019-06-01 $399,000 (5.6%) $579,251 (10.8%) 0.00 659
2019-07-01 $399,000 (38.1%) $585,451 (36.5%) 0.00 691
2019-08-01 $404,455 (103.2%) $596,066 (82.9%) 0.00 673
2019-09-01 $412,636 (107.4%) $608,081 (85.9%) 0.00 647
2019-10-01 $421,950 (122.1%) $618,703 (91.8%) 0.00 620
2019-11-01 $422,450 (135.8%) $616,801 (97.7%) 0.00 542
2019-12-01 $417,475 (145.7%) $611,010 (97.6%) 0.00 494
2020-01-01 $421,225 (164.3%) $617,287 (104.7%) 0.00 436
2020-02-01 $435,000 (190.0%) $630,871 (112.7%) 0.00 412
2020-03-01 $449,000 (74.9%) $624,023 (48.1%) 0.00 418
2020-04-01 $449,000 (12.5%) $627,508 (8.1%) 0.00 422
2020-05-01 $450,000 (14.3%) $651,679 (13.7%) 0.00 424
2020-06-01 $460,975 (15.5%) $661,925 (14.3%) 0.00 390
2020-07-01 $485,250 (21.6%) $707,508 (20.9%) 0.00 333
2020-08-01 $498,500 (23.3%) $718,827 (20.6%) 0.00 266
2020-09-01 $499,225 (21.0%) $746,642 (22.8%) 0.00 239
2020-10-01 $524,900 (24.4%) $754,540 (22.0%) 0.00 212
2020-11-01 $517,500 (22.5%) $780,550 (26.6%) 0.00 192
2020-12-01 $499,475 (19.6%) $760,322 (24.4%) 0.00 173
2021-01-01 $499,000 (18.5%) $767,078 (24.3%) 0.00 145
2021-02-01 $570,000 (31.0%) $905,281 (43.5%) 0.00 127
2021-03-01 $564,725 (25.8%) $924,602 (48.2%) 0.00 111
2021-04-01 $597,250 (33.0%) $972,938 (55.1%) 0.00 117
2021-05-01 $632,000 (40.4%) $985,892 (51.3%) 0.00 162
2021-06-01 $612,000 (32.8%) $920,149 (39.0%) 0.00 192
2021-07-01 $599,450 (23.5%) $890,711 (25.9%) 0.00 215
2021-08-01 $580,725 (16.5%) $878,825 (22.3%) 0.00 203
2021-09-01 $593,975 (19.0%) $880,738 (18.0%) 0.00 179
2021-10-01 $592,500 (12.9%) $811,620 (7.6%) 0.00 175
2021-11-01 $555,950 (7.4%) $766,958 (-1.7%) 0.00 151
2021-12-01 $596,000 (19.3%) $817,937 (7.6%) 0.00 114
2022-01-01 $727,000 (45.7%) $1,048,855 (36.7%) 0.00 90
2022-02-01 $712,000 (24.9%) $1,053,424 (16.4%) 0.00 87
2022-03-01 $727,500 (28.8%) $1,064,925 (15.2%) 0.00 96
2022-04-01 $642,450 (7.6%) $944,956 (-2.9%) 0.00 124
2022-05-01 $638,432 (1.0%) $916,245 (-7.1%) 0.00 171
2022-06-01 $658,500 (7.6%) $853,659 (-7.2%) 0.00 224
2022-07-01 $658,500 (9.9%) $850,569 (-4.5%) 0.00 290
2022-08-01 $649,925 (11.9%) $849,099 (-3.4%) 0.00 281
2022-09-01 $699,450 (17.8%) $928,004 (5.4%) 0.00 246
2022-10-01 $699,000 (18.0%) $933,858 (15.1%) 0.00 220
2022-11-01 $699,000 (25.7%) $939,667 (22.5%) 0.00 212
2022-12-01 $699,000 (17.3%) $909,155 (11.2%) 0.00 194
2023-01-01 $716,070 (-1.5%) $945,210 (-9.9%) 0.00 163
2023-02-01 $699,000 (-1.8%) $937,519 (-11.0%) 0.00 142
2023-03-01 $693,500 (-4.7%) $929,255 (-12.7%) 0.00 152
2023-04-01 $649,900 (1.2%) $888,814 (-5.9%) 0.00 176
2023-05-01 $684,000 (7.1%) $928,081 (1.3%) 0.00 220
2023-06-01 $675,000 (2.5%) $884,706 (3.6%) 0.00 255
2023-07-01 $699,900 (6.3%) $935,979 (10.0%) 0.00 264
2023-08-01 $719,225 (10.7%) $935,957 (10.2%) 0.00 260
2023-09-01 $733,139 (4.8%) $935,889 (0.9%) 0.00 260
2023-10-01 $698,450 (-0.1%) $931,878 (-0.2%) 0.00 268
2023-11-01 $699,000 (0.0%) $931,497 (-0.9%) 0.00 281
2023-12-01 $694,950 (-0.6%) $927,026 (2.0%) 0.00 279
2024-01-01 $663,500 (-7.3%) $915,886 (-3.1%) 0.00 255
2024-02-01 $658,500 (-5.8%) $918,474 (-2.0%) 0.00 232
2024-03-01 $689,000 (-0.7%) $953,913 (2.7%) 0.00 231
2024-04-01 $706,000 (8.6%) $1,008,632 (13.5%) 0.00 253
2024-05-01 $707,000 (3.4%) $995,462 (7.3%) 0.00 286
2024-06-01 $715,000 (5.9%) $992,858 (12.2%) 0.00 329
Boone's median listing price for 2024-06-01 was $715,000, a difference of $40,000 (5.9%) versus the prior year and $8,000 versus the prior month.

Boone's median listing price comes in at 0% of the national average.

Boone's average listing price for 2024-06-01 was $992,858, a difference of $108,152 (12.2%) versus the prior year and $-2,604 versus the prior month.

For the 2024-06-01 period, Boone had 329 MLS listings, a difference of 43 listings (15%) versus the prior month and 74 listings (29%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Boone (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,061 sqft
2018-02-01 0 days 2,091 sqft
2018-03-01 0 days 2,147 sqft
2018-04-01 0 days 2,144 sqft
2018-05-01 0 days 2,154 sqft
2018-06-01 0 days 2,185 sqft
2018-07-01 0 days 2,199 sqft
2018-08-01 0 days 2,165 sqft
2018-09-01 0 days 2,182 sqft
2018-10-01 0 days 2,182 sqft
2018-11-01 0 days 2,166 sqft
2018-12-01 0 days 2,197 sqft
2019-01-01 0 days 2,186 sqft
2019-02-01 0 days 2,173 sqft
2019-03-01 0 days 2,238 sqft
2019-04-01 0 days 2,234 sqft
2019-05-01 0 days 2,169 sqft
2019-06-01 0 days 2,210 sqft
2019-07-01 0 days 2,297 sqft
2019-08-01 0 days 2,327 sqft
2019-09-01 0 days 2,368 sqft
2019-10-01 0 days 2,407 sqft
2019-11-01 0 days 2,372 sqft
2019-12-01 0 days 2,305 sqft
2020-01-01 0 days 2,332 sqft
2020-02-01 0 days 2,400 sqft
2020-03-01 0 days 2,327 sqft
2020-04-01 0 days 2,298 sqft
2020-05-01 0 days 2,352 sqft
2020-06-01 0 days 2,378 sqft
2020-07-01 0 days 2,526 sqft
2020-08-01 0 days 2,534 sqft
2020-09-01 0 days 2,513 sqft
2020-10-01 0 days 2,406 sqft
2020-11-01 0 days 2,408 sqft
2020-12-01 0 days 2,365 sqft
2021-01-01 0 days 2,278 sqft
2021-02-01 0 days 2,538 sqft
2021-03-01 0 days 2,418 sqft
2021-04-01 0 days 2,502 sqft
2021-05-01 0 days 2,605 sqft
2021-06-01 0 days 2,583 sqft
2021-07-01 0 days 2,533 sqft
2021-08-01 0 days 2,402 sqft
2021-09-01 0 days 2,358 sqft
2021-10-01 0 days 2,172 sqft
2021-11-01 0 days 2,037 sqft
2021-12-01 0 days 2,130 sqft
2022-01-01 0 days 2,443 sqft
2022-02-01 0 days 2,218 sqft
2022-03-01 0 days 2,231 sqft
2022-04-01 0 days 2,167 sqft
2022-05-01 0 days 2,214 sqft
2022-06-01 0 days 2,222 sqft
2022-07-01 0 days 2,170 sqft
2022-08-01 0 days 2,143 sqft
2022-09-01 0 days 2,193 sqft
2022-10-01 0 days 2,187 sqft
2022-11-01 0 days 2,133 sqft
2022-12-01 0 days 2,116 sqft
2023-01-01 0 days 2,095 sqft
2023-02-01 0 days 2,025 sqft
2023-03-01 0 days 2,040 sqft
2023-04-01 0 days 1,972 sqft
2023-05-01 0 days 2,003 sqft
2023-06-01 0 days 2,024 sqft
2023-07-01 0 days 2,131 sqft
2023-08-01 0 days 2,224 sqft
2023-09-01 0 days 2,164 sqft
2023-10-01 0 days 2,140 sqft
2023-11-01 0 days 2,098 sqft
2023-12-01 0 days 2,073 sqft
2024-01-01 0 days 2,006 sqft
2024-02-01 0 days 1,954 sqft
2024-03-01 0 days 2,076 sqft
2024-04-01 0 days 2,153 sqft
2024-05-01 0 days 2,095 sqft
2024-06-01 0 days 2,130 sqft
Boone's median listing age (time on market) for 2024-06-01 was 0 days.

Boone's median square footage for active listings during the 2024-06-01 period was 2,130 sqft. One year prior, the average listing was 2,024 sqft.

Boone, NC Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 663 $289,755,000 $437,036
Home Improvement 139 $19,685,000 $141,619
Other 138 $31,240,000 $226,377
Refi 121 $33,165,000 $274,091
Cash Out Refi 62 $16,340,000 $263,548

Boone's most frequently cited loan purpose was Home Purchase, with 663 originations. The 2nd most popular reason was Home Improvement, with 139 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
7-8% 344 $111,550,000 $324,273
6-7% 324 $126,190,000 $389,475
5-6% 168 $81,120,000 $482,857
Over 8% 130 $37,430,000 $287,923
4-5% 124 $23,840,000 $192,258
<2.5% 5 $845,000 $169,000
2.5-3% 3 $1,275,000 $425,000
3-4% 2 $840,000 $420,000

During 2023, Boone's most frequently originated rate bucket was 7-8%, with 344 originations.

Loan Sizing (Boone, NC MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 389 $111,625,000 $286,954
$100k-200k 209 $29,225,000 $139,833
$400k-600k 203 $98,015,000 $482,833
$100,000 or less 171 $10,305,000 $60,263
$600k-1000k 106 $77,650,000 $732,547
$Over $1MM 45 $63,365,000 $1,408,111

Boone's loan sizing saw the bucket of loans from $200k-400k with 389 originations, totaling $111,625,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 326 $159,370,000 $488,865
80-100% 280 $122,200,000 $436,429
Under 20% 174 $12,590,000 $72,356
20-40% 171 $32,175,000 $188,158
40-60% 143 $53,535,000 $374,371
Over 100% 4 $2,050,000 $512,500

Boone's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 326 originations, totaling $159,370,000 in origination value.