Cedartown Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Cedartown averaged
6.78%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
7.01% and
one month ago for the week of 2024-10-03, the
average rate was 6.21%.
Cedartown's average rate one year ago was 7.95%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.29%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
Cedartown 30 Year Fixed Rate | 2024-11-07 | 6.78% |
Cedartown 30 Year Fixed Rate Refi | 2024-11-07 | 7.29% |
Cedartown 15 Year Fixed Rate | 2024-11-07 | 5.9% |
Cedartown 15 Year Fixed Rate Refi | 2024-11-07 | 6.5% |
Cedartown 30 Year FHA | 2024-11-07 | 6.41% |
Cedartown 30 Year FHA Refi | 2024-11-07 | 6.23% |
Cedartown 30 Year USDA | 2024-11-07 | 6.48% |
Cedartown 30 Year USDA Refi | 2024-11-07 | 6.38% |
Cedartown 30 Year VA | 2024-11-07 | 6.44% |
Cedartown 30 Year VA Refi | 2024-11-07 | 6.44% |
Cedartown 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 Cedartown, GA 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.).
Cedartown Average Closing Costs & Other Stats
Cedartown, GA's 63 lenders originated 750
loans during 2023. The total origination value was $138,640,000, with an average loan value of
$184,853.
Cedartown's average closing costs are $5,426.
The top Cedartown lender as defined by loan originations is QUICKEN LOANS, LLC, with
26 loans originated. Their average total fees are
$6,741, which is $950
higher than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Cedartown lenders (with over 10 loans originated) are
HOMESTAR FINANCIAL CORPORATION ($4,619), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,791), QUICKEN LOANS, LLC ($6,741), UNITED WHOLESALE MORTGAGE, LLC ($6,866) and .
The lowest rate Cedartown lenders (with over 10 loans originated) are
HOMESTAR FINANCIAL CORPORATION (6.63%), QUICKEN LOANS, LLC (6.70%), UNITED WHOLESALE MORTGAGE, LLC (6.85%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (7.04%) and .
Cedartown, GA 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 |
---|---|---|---|---|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $11,285,000 | $13,285,000 | 17.7% | 9.6% |
HOMESTAR FINANCIAL CORPORATION | $21,730,000 | $10,665,000 | -50.9% | 7.7% |
QUICKEN LOANS, LLC | $11,750,000 | $10,090,000 | -14.1% | 7.3% |
UNITED WHOLESALE MORTGAGE, LLC | $5,160,000 | $6,360,000 | 23.3% | 4.6% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $3,230,000 | $5,120,000 | 58.5% | 3.7% |
Regions Bank | $5,120,000 | $3,570,000 | -30.3% | 2.6% |
CROSSCOUNTRY MORTGAGE, LLC | $1,110,000 | $3,450,000 | 210.8% | 2.5% |
United Community Bank | $9,045,000 | $3,385,000 | -62.6% | 2.4% |
Truist | $6,430,000 | $3,175,000 | -50.6% | 2.3% |
FAMILY SAVINGS | $3,250,000 | $3,140,000 | -3.4% | 2.3% |
MOVEMENT MORTGAGE, LLC | $2,300,000 | $2,985,000 | 29.8% | 2.2% |
GUARANTEED RATE, INC. | $510,000 | $2,730,000 | 435.3% | 2.0% |
SWBC MORTGAGE CORPORATION | $3,390,000 | $2,710,000 | -20.1% | 2.0% |
Renasant Bank | $2,430,000 | $2,650,000 | 9.1% | 1.9% |
BROKER SOLUTIONS, INC. | $1,435,000 | $2,395,000 | 66.9% | 1.7% |
Mortgage Research Center, LLC | $5,915,000 | $2,370,000 | -59.9% | 1.7% |
EVERETT FINANCIAL, INC. | $5,085,000 | $2,175,000 | -57.2% | 1.6% |
MEMBER FIRST MORTGAGE, LLC | $2,690,000 | $2,075,000 | -22.9% | 1.5% |
PENNYMAC LOAN SERVICES, LLC | $2,945,000 | $2,045,000 | -30.6% | 1.5% |
Magnolia Bank | $1,675,000 | $1,870,000 | 11.6% | 1.3% |
Flagstar Bank, FSB | $1,850,000 | $1,655,000 | -10.5% | 1.2% |
Ameris Bank | $2,645,000 | $1,535,000 | -42.0% | 1.1% |
STOCKTON MORTGAGE CORPORATION | $675,000 | $1,510,000 | 123.7% | 1.1% |
Colony Bank | $755,000 | $1,410,000 | 86.8% | 1.0% |
FREEDOM MORTGAGE CORPORATION | $3,015,000 | $1,335,000 | -55.7% | 1.0% |
LOANDEPOT.COM, LLC | $1,890,000 | $1,310,000 | -30.7% | 0.9% |
CARDINAL FINANCIAL | $1,065,000 | $1,290,000 | 21.1% | 0.9% |
AMERISAVE MORTGAGE CORPORATION | $1,580,000 | $1,220,000 | -22.8% | 0.9% |
NAVY FEDERAL CREDIT UNION | $1,420,000 | $1,115,000 | -21.5% | 0.8% |
ACOPIA, LLC | $590,000 | $1,095,000 | 85.6% | 0.8% |
FirstBank | $925,000 | $1,075,000 | 16.2% | 0.8% |
Hometown Equity Mortgage, LLC | $470,000 | $1,075,000 | 128.7% | 0.8% |
SOUTHEAST MORTGAGE OF GEORGIA, INC. | $1,145,000 | $1,075,000 | -6.1% | 0.8% |
ORIX REAL ESTATE CAPITAL, LLC | $1,025,000 | n/a | 0.7% | |
Carrington Mortgage Services, LLC | $1,295,000 | $1,015,000 | -21.6% | 0.7% |
Wells Fargo Bank | $1,665,000 | $975,000 | -41.4% | 0.7% |
USAA Federal Savings Bank | $970,000 | n/a | 0.7% | |
BANKSOUTH MORTGAGE COMPANY, LLC | $280,000 | $920,000 | 228.6% | 0.7% |
MORTGAGE INVESTORS GROUP, INC. | $350,000 | $880,000 | 151.4% | 0.6% |
TRIAD FINANCIAL SERVICES, INC. | $1,095,000 | $840,000 | -23.3% | 0.6% |
DIRECT LENDERS, LLC | $950,000 | $795,000 | -16.3% | 0.6% |
SECURITYNATIONAL MORTGAGE COMPANY | $1,050,000 | $750,000 | -28.6% | 0.5% |
Century Bank of Georgia | $735,000 | n/a | 0.5% | |
South State Bank | $1,900,000 | $730,000 | -61.6% | 0.5% |
Mr. Cooper ( Nationstar Mortgage ) | $3,435,000 | $700,000 | -79.6% | 0.5% |
LIMA ONE CAPITAL, LLC | $75,000 | $670,000 | 793.3% | 0.5% |
CONTOUR MORTGAGE CORPORATION | $175,000 | $665,000 | 280.0% | 0.5% |
AMERICAN FINANCIAL NETWORK, INC. | $630,000 | n/a | 0.5% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $350,000 | $580,000 | 65.7% | 0.4% |
ZILLOW HOME LOANS, LLC | $215,000 | $570,000 | 165.1% | 0.4% |
First Option Mortgage, LLC | $490,000 | $540,000 | 10.2% | 0.4% |
TOWNE MORTGAGE COMPANY | $540,000 | n/a | 0.4% | |
HOMEOWNERS FINANCIAL GROUP USA, LLC | $805,000 | $485,000 | -39.8% | 0.3% |
SOUTHWEST STAGE FUNDING, LLC | $230,000 | $485,000 | 110.9% | 0.3% |
DAS Acquisition Company, LLC | $820,000 | $475,000 | -42.1% | 0.3% |
LAKEVIEW LOAN SERVICING, LLC | $1,435,000 | $470,000 | -67.2% | 0.3% |
Prosperity Home Mortgage, LLC | $615,000 | $470,000 | -23.6% | 0.3% |
FIRST COMMUNITY MORTGAGE, INC. | $1,685,000 | $440,000 | -73.9% | 0.3% |
Goldwater Bank, N.A. | $185,000 | $440,000 | 137.8% | 0.3% |
PREMIA MORTGAGE, LLC | $425,000 | n/a | 0.3% | |
CREDIT UNION FINANCIAL SERVICES, LLC | $45,000 | $420,000 | 833.3% | 0.3% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $615,000 | $420,000 | -31.7% | 0.3% |
HOMESIDE FINANCIAL, LLC | $205,000 | $410,000 | 100.0% | 0.3% |
PLANET HOME LENDING, LLC | $645,000 | $395,000 | -38.8% | 0.3% |
Coosa Valley Credit Union | $585,000 | $380,000 | -35.0% | 0.3% |
ROYAL UNITED MORTGAGE LLC | $370,000 | $380,000 | 2.7% | 0.3% |
CANOPY MORTGAGE, LLC | $365,000 | n/a | 0.3% | |
GUARANTEED RATE AFFINITY, LLC | $430,000 | $360,000 | -16.3% | 0.3% |
LGE COMMUNITY | $325,000 | $360,000 | 10.8% | 0.3% |
First National Bank of America | $355,000 | n/a | 0.3% | |
LENDINGHOME FUNDING CORPORATION | $625,000 | $340,000 | -45.6% | 0.2% |
21ST MORTGAGE CORPORATION | $795,000 | $335,000 | -57.9% | 0.2% |
Alcova Mortgage LLC | $125,000 | $320,000 | 156.0% | 0.2% |
SHELTER HOME MORTGAGE, LLC | $315,000 | n/a | 0.2% | |
DELMAR FINANCIAL COMPANY | $305,000 | n/a | 0.2% | |
Talbot State Bank | $295,000 | n/a | 0.2% | |
Bank of America | $535,000 | $285,000 | -46.7% | 0.2% |
Century Mortgage Company DBA Century Lending Company | $155,000 | $285,000 | 83.9% | 0.2% |
DEEPHAVEN MORTGAGE LLC | $540,000 | $285,000 | -47.2% | 0.2% |
Paramount Residential Mortgage Group, Inc. | $285,000 | n/a | 0.2% | |
BancorpSouth | $280,000 | n/a | 0.2% | |
First National Community Bank | $280,000 | n/a | 0.2% | |
Loan Simple, Inc. | $255,000 | $265,000 | 3.9% | 0.2% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $255,000 | n/a | 0.2% | |
CMG MORTGAGE, INC. | $245,000 | n/a | 0.2% | |
DOMINION FINANCIAL SERVICES, LLC | $235,000 | n/a | 0.2% | |
Morris Bank | $235,000 | n/a | 0.2% | |
SOUTHPOINT FINANCIAL SERVICES, INC. | $215,000 | $235,000 | 9.3% | 0.2% |
The Huntington National Bank | $225,000 | n/a | 0.2% | |
MILEND, INC. | $445,000 | $215,000 | -51.7% | 0.2% |
NEW DAY FINANCIAL, LLC | $400,000 | $215,000 | -46.3% | 0.2% |
Quontic Bank | $215,000 | n/a | 0.2% | |
Synovus Bank | $545,000 | $215,000 | -60.6% | 0.2% |
VILLAGE CAPITAL MORTGAGE | $230,000 | $215,000 | -6.5% | 0.2% |
Bank of England | $115,000 | $205,000 | 78.3% | 0.1% |
UNION HOME MORTGAGE CORP. | $365,000 | $195,000 | -46.6% | 0.1% |
CHURCHILL MORTGAGE CORPORATION | $190,000 | n/a | 0.1% | |
Nations Lending Corporation | $1,015,000 | $190,000 | -81.3% | 0.1% |
CALCON MUTUAL MORTGAGE LLC | $385,000 | $185,000 | -51.9% | 0.1% |
Discover Bank | $185,000 | n/a | 0.1% | |
GEORGIA'S OWN | $55,000 | $180,000 | 227.3% | 0.1% |
AmeriHome Mortgage Company, LLC | $175,000 | n/a | 0.1% | |
EMM LOANS LLC | $175,000 | n/a | 0.1% | |
Associated Credit Union | $280,000 | $165,000 | -41.1% | 0.1% |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $165,000 | n/a | 0.1% | |
CALIBER HOME LOANS, INC. | $770,000 | $155,000 | -79.9% | 0.1% |
Capital City Home Loans, LLC | $380,000 | $155,000 | -59.2% | 0.1% |
Figure Lending LLC | $230,000 | $150,000 | -34.8% | 0.1% |
CIVIC FINANCIAL SERVICES, LLC | $620,000 | $145,000 | -76.6% | 0.1% |
NATIONS DIRECT MORTGAGE, LLC | $145,000 | n/a | 0.1% | |
RELIANCE FIRST CAPITAL, LLC | $145,000 | n/a | 0.1% | |
TOP FLITE FINANCIAL, INC. | $175,000 | $145,000 | -17.1% | 0.1% |
U.S. Bank | $145,000 | n/a | 0.1% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,805,000 | $140,000 | -92.2% | 0.1% |
Citizens Bank | $135,000 | n/a | 0.1% | |
River City Bank | $135,000 | n/a | 0.1% | |
ITHINK FINANCIAL Credit Union | $25,000 | $115,000 | 360.0% | 0.1% |
LOANPAL, LLC | $195,000 | $105,000 | -46.2% | 0.1% |
AMERICAN FINANCING CORPORATION | $325,000 | $100,000 | -69.2% | 0.1% |
BETTER MORTGAGE CORPORATION | $185,000 | $95,000 | -48.6% | 0.1% |
CASTLE & COOKE MORTGAGE, LLC | $95,000 | n/a | 0.1% | |
PNC Bank | $90,000 | n/a | 0.1% | |
DELTA COMMUNITY CREDIT UNION | $25,000 | $60,000 | 140.0% | 0.0% |
Oconee State Bank | $55,000 | n/a | 0.0% | |
CREDIT UNION OF GEORGIA | $435,000 | $45,000 | -89.7% | 0.0% |
Union Savings Bank | $25,000 | n/a | 0.0% | |
MID AMERICA MORTGAGE, INC. | $175,000 | $5,000 | -97.1% | 0.0% |
Cedartown's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 9.6% market share. In second place, with 7.7%, is HOMESTAR FINANCIAL CORPORATION, having originated $10,665,000 in loans. In third place, with 7.3%, is QUICKEN LOANS, LLC, having originated $10,090,000 in loans. In fourth place, with 4.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $6,360,000 in loans. In fifth place, with 3.7%, is VANDERBILT MORTGAGE AND FINANCE, INC., having originated $5,120,000 in loans.
Cedartown, GA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 450 | $99,220,000 | $220,489 |
Cash Out Refi | 131 | $20,925,000 | $159,733 |
Other | 80 | $5,360,000 | $67,000 |
Refi | 50 | $10,630,000 | $212,600 |
Home Improvement | 39 | $2,505,000 | $64,231 |
Cedartown's most frequently cited loan purpose was Home Purchase, with 450 originations. The 2nd most popular reason was Cash Out Refi, with 131 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 276 | $59,320,000 | $214,928 |
7-8% | 195 | $37,915,000 | $194,436 |
Over 8% | 132 | $12,580,000 | $95,303 |
5-6% | 108 | $24,460,000 | $226,481 |
<2.5% | 14 | $1,160,000 | $82,857 |
4-5% | 3 | $915,000 | $305,000 |
3-4% | 1 | $175,000 | $175,000 |
During 2023, Cedartown's most frequently originated rate bucket was 6-7%, with 276 originations.
Loan Sizing (Cedartown, GA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 280 | $43,420,000 | $155,071 |
$200k-400k | 252 | $66,370,000 | $263,373 |
$100,000 or less | 182 | $9,710,000 | $53,352 |
$400k-600k | 31 | $14,735,000 | $475,323 |
$600k-1000k | 3 | $2,205,000 | $735,000 |
$Over $1MM | 2 | $2,200,000 | $1,100,000 |
Cedartown's loan sizing saw the bucket of loans from $100k-200k with 280 originations, totaling $43,420,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 350 | $83,410,000 | $238,314 |
60-80% | 146 | $30,540,000 | $209,178 |
Under 20% | 84 | $3,010,000 | $35,833 |
40-60% | 74 | $10,150,000 | $137,162 |
20-40% | 63 | $5,515,000 | $87,540 |
Over 100% | 10 | $3,510,000 | $351,000 |
Cedartown's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 350 originations, totaling $83,410,000 in origination value.