Clewiston Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Clewiston averaged
6.98%
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
6.91% and
one month ago for the week of 2024-10-03, the
average rate was 6.41%.
Clewiston's average rate one year ago was 7.75%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.09%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Clewiston 30 Year Fixed Rate | 2024-11-07 | 6.98% |
| Clewiston 30 Year Fixed Rate Refi | 2024-11-07 | 7.09% |
| Clewiston 15 Year Fixed Rate | 2024-11-07 | 6.2% |
| Clewiston 15 Year Fixed Rate Refi | 2024-11-07 | 6% |
| Clewiston 30 Year FHA | 2024-11-07 | 6.28% |
| Clewiston 30 Year FHA Refi | 2024-11-07 | 6.23% |
| Clewiston 30 Year USDA | 2024-11-07 | 6.28% |
| Clewiston 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Clewiston 30 Year VA | 2024-11-07 | 6.24% |
| Clewiston 30 Year VA Refi | 2024-11-07 | 6.14% |
Clewiston 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 Clewiston, FL 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.).
Clewiston Average Closing Costs & Other Stats
Clewiston, FL's 70 lenders originated 802
loans during 2023. The total origination value was $181,370,000, with an average loan value of
$226,147.
Clewiston's average closing costs are $7,615.
The top Clewiston lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
39 loans originated. Their average total fees are
$9,115, which is $438
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Clewiston lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC ($9,115), QUICKEN LOANS, LLC ($9,553), CROSSCOUNTRY MORTGAGE, LLC ($10,275), .
The lowest rate Clewiston lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.56%), UNITED WHOLESALE MORTGAGE, LLC (6.65%), CROSSCOUNTRY MORTGAGE, LLC (6.70%), .
Clewiston, FL 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 |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $18,640,000 | $21,465,000 | 15.2% | 11.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $7,850,000 | $11,340,000 | 44.5% | 6.3% |
| DHI MORTGAGE COMPANY, LTD. | $7,235,000 | $9,690,000 | 33.9% | 5.3% |
| QUICKEN LOANS, LLC | $9,210,000 | $8,870,000 | -3.7% | 4.9% |
| HOMESIDE FINANCIAL, LLC | $165,000 | $7,325,000 | 4,339.4% | 4.0% |
| NP, Inc. | $7,985,000 | $6,725,000 | -15.8% | 3.7% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $7,275,000 | $5,520,000 | -24.1% | 3.0% |
| First Bank | $16,485,000 | $5,220,000 | -68.3% | 2.9% |
| 21ST MORTGAGE CORPORATION | $4,425,000 | $5,180,000 | 17.1% | 2.9% |
| Paramount Residential Mortgage Group, Inc. | $4,165,000 | $4,910,000 | 17.9% | 2.7% |
| CMG MORTGAGE, INC. | $8,270,000 | $4,115,000 | -50.2% | 2.3% |
| Suncoast Credit Union | $6,555,000 | $3,850,000 | -41.3% | 2.1% |
| LOANDEPOT.COM, LLC | $3,555,000 | $3,655,000 | 2.8% | 2.0% |
| EVERETT FINANCIAL, INC. | $185,000 | $3,440,000 | 1,759.5% | 1.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $8,620,000 | $3,290,000 | -61.8% | 1.8% |
| Waterstone Mortgage Corporation | $2,420,000 | $3,170,000 | 31.0% | 1.7% |
| Goldwater Bank, N.A. | $2,115,000 | $2,810,000 | 32.9% | 1.5% |
| NEWREZ LLC | $440,000 | $2,660,000 | 504.5% | 1.5% |
| BROKER SOLUTIONS, INC. | $1,375,000 | $1,960,000 | 42.5% | 1.1% |
| Flagstar Bank, FSB | $1,830,000 | $1,915,000 | 4.6% | 1.1% |
| CARDINAL FINANCIAL | $2,320,000 | $1,880,000 | -19.0% | 1.0% |
| TD Bank | $1,705,000 | n/a | 0.9% | |
| AMERICAN FINANCIAL NETWORK, INC. | $1,665,000 | n/a | 0.9% | |
| MOVEMENT MORTGAGE, LLC | $3,400,000 | $1,620,000 | -52.4% | 0.9% |
| Mortgage Research Center, LLC | $2,850,000 | $1,575,000 | -44.7% | 0.9% |
| A&D Mortgage LLC | $330,000 | $1,315,000 | 298.5% | 0.7% |
| LAKE MICHIGAN CREDIT UNION | $1,495,000 | $1,250,000 | -16.4% | 0.7% |
| IncredibleBank | $1,150,000 | n/a | 0.6% | |
| Century Mortgage Company DBA Century Lending Company | $1,000,000 | n/a | 0.6% | |
| FBC MORTGAGE, LLC | $500,000 | $990,000 | 98.0% | 0.5% |
| U.S. Bank | $980,000 | n/a | 0.5% | |
| TRIAD FINANCIAL SERVICES, INC. | $590,000 | $975,000 | 65.3% | 0.5% |
| Byron Bank | $935,000 | n/a | 0.5% | |
| MID AMERICA MORTGAGE, INC. | $3,885,000 | $925,000 | -76.2% | 0.5% |
| INSPIRE HOME LOANS INC. | $920,000 | n/a | 0.5% | |
| Commerce Home Mortgage, Inc. | $850,000 | n/a | 0.5% | |
| FREEDOM MORTGAGE CORPORATION | $1,830,000 | $830,000 | -54.6% | 0.5% |
| First Horizon Bank | $435,000 | $820,000 | 88.5% | 0.5% |
| FIRST COMMUNITY MORTGAGE, INC. | $815,000 | n/a | 0.4% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,965,000 | $780,000 | -60.3% | 0.4% |
| South State Bank | $975,000 | $780,000 | -20.0% | 0.4% |
| FineMark National Bank & Trust | $610,000 | $765,000 | 25.4% | 0.4% |
| GENEVA FINANCIAL, LLC | $1,360,000 | $740,000 | -45.6% | 0.4% |
| GUARANTEED RATE, INC. | $175,000 | $715,000 | 308.6% | 0.4% |
| Sierra Pacific Mortgage Company, Inc. | $890,000 | $710,000 | -20.2% | 0.4% |
| AMCAP MORTGAGE, LTD. | $145,000 | $705,000 | 386.2% | 0.4% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $320,000 | $695,000 | 117.2% | 0.4% |
| Plains Commerce Bank | $245,000 | $685,000 | 179.6% | 0.4% |
| Truist | $1,425,000 | $660,000 | -53.7% | 0.4% |
| NEW DAY FINANCIAL, LLC | $780,000 | $630,000 | -19.2% | 0.3% |
| Seacoast National Bank | $610,000 | $620,000 | 1.6% | 0.3% |
| ACADEMY MORTGAGE CORPORATION | $345,000 | $615,000 | 78.3% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $1,480,000 | $605,000 | -59.1% | 0.3% |
| MY MORTGAGE, INC. | $500,000 | $600,000 | 20.0% | 0.3% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $195,000 | $600,000 | 207.7% | 0.3% |
| HOMEXPRESS MORTGAGE CORP. | $585,000 | n/a | 0.3% | |
| The Federal Savings Bank | $560,000 | n/a | 0.3% | |
| Mr. Cooper ( Nationstar Mortgage ) | $1,130,000 | $555,000 | -50.9% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $470,000 | $520,000 | 10.6% | 0.3% |
| Citizens Bank | $495,000 | $515,000 | 4.0% | 0.3% |
| Carrington Mortgage Services, LLC | $1,065,000 | $510,000 | -52.1% | 0.3% |
| Ixonia Bank | $510,000 | n/a | 0.3% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $125,000 | $505,000 | 304.0% | 0.3% |
| FINANCE OF AMERICA REVERSE LLC | $185,000 | $480,000 | 159.5% | 0.3% |
| PENTAGON FEDERAL CREDIT UNION | $475,000 | n/a | 0.3% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $775,000 | $470,000 | -39.4% | 0.3% |
| SUN WEST MORTGAGE COMPANY, INC. | $255,000 | $470,000 | 84.3% | 0.3% |
| VAN DYK MORTGAGE CORPORATION | $880,000 | $470,000 | -46.6% | 0.3% |
| NETWORK CAPITAL FUNDING CORPORATION | $495,000 | $460,000 | -7.1% | 0.3% |
| First Federal Bank | $490,000 | $450,000 | -8.2% | 0.2% |
| GUILD MORTGAGE COMPANY | $415,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,335,000 | $410,000 | -69.3% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $430,000 | $400,000 | -7.0% | 0.2% |
| BMO Harris Bank | $385,000 | n/a | 0.2% | |
| PENNYMAC LOAN SERVICES, LLC | $1,205,000 | $380,000 | -68.5% | 0.2% |
| Wells Fargo Bank | $1,355,000 | $370,000 | -72.7% | 0.2% |
| THE MORTGAGE FIRM, INC. | $365,000 | n/a | 0.2% | |
| AMERICAN BANCSHARES MORTGAGE | $225,000 | $360,000 | 60.0% | 0.2% |
| Keystone Funding, Inc. | $355,000 | n/a | 0.2% | |
| LENDSURE MORTGAGE CORP. | $355,000 | n/a | 0.2% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $350,000 | n/a | 0.2% | |
| SOUTHWEST STAGE FUNDING, LLC | $125,000 | $335,000 | 168.0% | 0.2% |
| GSF Mortgage Corporation | $315,000 | n/a | 0.2% | |
| EVANSVILLE TEACHERS | $295,000 | n/a | 0.2% | |
| STOCKTON MORTGAGE CORPORATION | $295,000 | n/a | 0.2% | |
| 1ST FINANCIAL, INC. | $285,000 | n/a | 0.2% | |
| Mid-Continent Funding, Inc. | $275,000 | $285,000 | 3.6% | 0.2% |
| MIDFLORIDA | $390,000 | $285,000 | -26.9% | 0.2% |
| OCMBC, INC. | $660,000 | $285,000 | -56.8% | 0.2% |
| Synovus Bank | $305,000 | $280,000 | -8.2% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $275,000 | n/a | 0.2% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $265,000 | $265,000 | 0.0% | 0.1% |
| Citadel Servicing Corporation | $265,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $490,000 | $265,000 | -45.9% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $440,000 | $260,000 | -40.9% | 0.1% |
| Bell Bank | $165,000 | $255,000 | 54.5% | 0.1% |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $255,000 | n/a | 0.1% | |
| THE EQUITABLE MORTGAGE CORPORATION | $370,000 | $245,000 | -33.8% | 0.1% |
| AXIA FINANCIAL, LLC | $230,000 | n/a | 0.1% | |
| BAY EQUITY LLC | $460,000 | $225,000 | -51.1% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $175,000 | $225,000 | 28.6% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $225,000 | $215,000 | -4.4% | 0.1% |
| AMWEST FUNDING CORP. | $215,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $335,000 | $215,000 | -35.8% | 0.1% |
| READY MORTGAGE LENDERS, LLC | $195,000 | $215,000 | 10.3% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $215,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $785,000 | $205,000 | -73.9% | 0.1% |
| METROPLEX MORTGAGE SERVICES, INC. | $205,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $195,000 | $205,000 | 5.1% | 0.1% |
| Ally Bank | $195,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $1,145,000 | $195,000 | -83.0% | 0.1% |
| MICHIGAN MUTUAL, INC. | $165,000 | $195,000 | 18.2% | 0.1% |
| NEXERA HOLDING LLC | $195,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $700,000 | $185,000 | -73.6% | 0.1% |
| Midwest Mortgage Associates Corporation | $185,000 | n/a | 0.1% | |
| Town Square Mortgage & Investments, Inc. | $350,000 | $185,000 | -47.1% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $175,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $185,000 | $165,000 | -10.8% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $895,000 | $165,000 | -81.6% | 0.1% |
| Merchants Mortgage & Trust Corporation | $165,000 | n/a | 0.1% | |
| TOTAL MORTGAGE SERVICES, LLC | $165,000 | n/a | 0.1% | |
| Florida Capital Bank | $155,000 | n/a | 0.1% | |
| Paramount Bank | $155,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $465,000 | $150,000 | -67.7% | 0.1% |
| Farm Credit Mid-America, ACA | $145,000 | n/a | 0.1% | |
| Quontic Bank | $145,000 | n/a | 0.1% | |
| Bank of America | $595,000 | $135,000 | -77.3% | 0.1% |
| NATIONS RELIABLE LENDING, LLC | $135,000 | n/a | 0.1% | |
| Nations Lending Corporation | $880,000 | $125,000 | -85.8% | 0.1% |
| Coastal Community Bank | $110,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $240,000 | $105,000 | -56.3% | 0.1% |
| ALLIANT CREDIT UNION | $85,000 | n/a | 0.0% | |
| SPACE COAST Credit Union | $910,000 | $75,000 | -91.8% | 0.0% |
| Figure Lending LLC | $25,000 | $70,000 | 180.0% | 0.0% |
| JPMorgan Chase Bank | $55,000 | $65,000 | 18.2% | 0.0% |
| JUSTICE Federal Credit Union | $65,000 | n/a | 0.0% | |
| PNC Bank | $660,000 | $55,000 | -91.7% | 0.0% |
| Fifth Third Bank | $45,000 | n/a | 0.0% |
Clewiston's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 11.8% market share. In second place, with 6.3%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $11,340,000 in loans. In third place, with 5.3%, is DHI MORTGAGE COMPANY, LTD., having originated $9,690,000 in loans. In fourth place, with 4.9%, is QUICKEN LOANS, LLC, having originated $8,870,000 in loans. In fifth place, with 4.0%, is HOMESIDE FINANCIAL, LLC, having originated $7,325,000 in loans.
Clewiston, FL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 623 | $153,655,000 | $246,637 |
| Refi | 62 | $11,510,000 | $185,645 |
| Cash Out Refi | 53 | $11,345,000 | $214,057 |
| Other | 37 | $3,115,000 | $84,189 |
| Home Improvement | 27 | $1,745,000 | $64,630 |
Clewiston's most frequently cited loan purpose was Home Purchase, with 623 originations. The 2nd most popular reason was Refi, with 62 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 281 | $74,485,000 | $265,071 |
| 7-8% | 177 | $46,005,000 | $259,915 |
| Over 8% | 149 | $20,305,000 | $136,275 |
| 5-6% | 119 | $30,435,000 | $255,756 |
| <2.5% | 27 | $405,000 | $15,000 |
| 4-5% | 15 | $3,785,000 | $252,333 |
| 3-4% | 1 | $285,000 | $285,000 |
During 2023, Clewiston's most frequently originated rate bucket was 6-7%, with 281 originations.
Loan Sizing (Clewiston, FL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 480 | $131,660,000 | $274,292 |
| $100k-200k | 168 | $26,460,000 | $157,500 |
| $100,000 or less | 120 | $4,800,000 | $40,000 |
| $400k-600k | 26 | $12,000,000 | $461,538 |
| $600k-1000k | 7 | $5,385,000 | $769,286 |
| $Over $1MM | 1 | $1,065,000 | $1,065,000 |
Clewiston's loan sizing saw the bucket of loans from $200k-400k with 480 originations, totaling $131,660,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 438 | $119,930,000 | $273,813 |
| 60-80% | 150 | $36,610,000 | $244,067 |
| Under 20% | 87 | $2,685,000 | $30,862 |
| 40-60% | 58 | $10,650,000 | $183,621 |
| 20-40% | 32 | $3,380,000 | $105,625 |
| Over 100% | 10 | $2,540,000 | $254,000 |
Clewiston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 438 originations, totaling $119,930,000 in origination value.