Cordele Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Cordele averaged
6.76%
for the week of 2025-05-08, compared to the national average of
6.76% for the same period.
The average rate for the prior week (2025-05-01) was
6.56% and
one month ago for the week of 2025-04-03, the
average rate was 6.54%.
Cordele's average rate one year ago was 7.12%.
For refis of the same type during the week of 2025-05-08, the average rate
was 7.26%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-05-08 | 6.76% |
| Cordele 30 Year Fixed Rate | 2025-05-08 | 6.76% |
| Cordele 30 Year Fixed Rate Refi | 2025-05-08 | 7.26% |
| Cordele 15 Year Fixed Rate | 2025-05-08 | 6.09% |
| Cordele 15 Year Fixed Rate Refi | 2025-05-08 | 5.79% |
| Cordele 30 Year FHA | 2025-05-08 | 6.38% |
| Cordele 30 Year FHA Refi | 2025-05-08 | 6.68% |
| Cordele 30 Year USDA | 2025-05-08 | 6.57% |
| Cordele 30 Year USDA Refi | 2025-05-08 | 6.67% |
| Cordele 30 Year VA | 2025-05-08 | 6.57% |
| Cordele 30 Year VA Refi | 2025-05-08 | 6.27% |
Cordele 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 Cordele, 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.).
Cordele Average Closing Costs & Other Stats
Cordele, GA's 29 lenders originated 193
loans during 2024. The total origination value was $33,725,000, with an average loan value of
$174,741.
Cordele's average closing costs are $5,353.
The top Cordele lender as defined by loan originations is QUICKEN LOANS, LLC, with
13 loans originated. Their average total fees are
$5,955, which is $1,911
higher than the next largest lender,
Colony Bank.
The lowest fee Cordele lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($5,955), .
The lowest rate Cordele lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.94%), .
Cordele, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $3,430,000 | $4,470,000 | 30.3% | 13.3% |
| FIRST COLONY MORTGAGE CORPORATION | $415,000 | $1,995,000 | 380.7% | 5.9% |
| Colony Bank | $1,240,000 | $1,725,000 | 39.1% | 5.1% |
| Capital City Home Loans, LLC | $1,910,000 | $1,625,000 | -14.9% | 4.8% |
| PLANTERS FIRST BANK | $1,095,000 | $1,350,000 | 23.3% | 4.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $940,000 | $1,325,000 | 41.0% | 3.9% |
| Mortgage Research Center, LLC | $375,000 | $1,280,000 | 241.3% | 3.8% |
| 21ST MORTGAGE CORPORATION | $695,000 | $1,085,000 | 56.1% | 3.2% |
| Flint Community Bank | $535,000 | $890,000 | 66.4% | 2.6% |
| AgFirst Farm Credit Bank | $780,000 | n/a | 2.3% | |
| Synovus Bank | $780,000 | n/a | 2.3% | |
| Truist | $380,000 | $740,000 | 94.7% | 2.2% |
| The Federal Savings Bank | $625,000 | n/a | 1.9% | |
| ACOPIA, LLC | $895,000 | $605,000 | -32.4% | 1.8% |
| Ameris Bank | $295,000 | $605,000 | 105.1% | 1.8% |
| PENNYMAC LOAN SERVICES, LLC | $930,000 | $595,000 | -36.0% | 1.8% |
| GUILD MORTGAGE COMPANY | $420,000 | $565,000 | 34.5% | 1.7% |
| BankSouth | $555,000 | n/a | 1.6% | |
| Morgan Stanley Private Bank | $515,000 | n/a | 1.5% | |
| Georgia Community Bank | $470,000 | n/a | 1.4% | |
| PNC Bank | $470,000 | n/a | 1.4% | |
| FREEDOM MORTGAGE CORPORATION | $955,000 | $465,000 | -51.3% | 1.4% |
| Renasant Bank | $460,000 | n/a | 1.4% | |
| Flagstar Bank, FSB | $1,330,000 | $450,000 | -66.2% | 1.3% |
| Bank of America | $445,000 | n/a | 1.3% | |
| Morris Bank | $365,000 | n/a | 1.1% | |
| MOVEMENT MORTGAGE, LLC | $165,000 | $335,000 | 103.0% | 1.0% |
| Regions Bank | $595,000 | $335,000 | -43.7% | 1.0% |
| South State Bank | $325,000 | n/a | 1.0% | |
| PeoplesSouth Bank | $315,000 | n/a | 0.9% | |
| Five Star Credit Union | $305,000 | n/a | 0.9% | |
| NEW DAY FINANCIAL, LLC | $275,000 | n/a | 0.8% | |
| LOANDEPOT.COM, LLC | $250,000 | $270,000 | 8.0% | 0.8% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $265,000 | n/a | 0.8% | |
| AMERISAVE MORTGAGE CORPORATION | $635,000 | $240,000 | -62.2% | 0.7% |
| Summit Mortgage Corporation | $225,000 | n/a | 0.7% | |
| JPMorgan Chase Bank | $125,000 | $215,000 | 72.0% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $1,200,000 | $215,000 | -82.1% | 0.6% |
| PHH Mortgage Corporation | $215,000 | n/a | 0.6% | |
| TRIAD FINANCIAL SERVICES, INC. | $150,000 | $190,000 | 26.7% | 0.6% |
| PLANET HOME LENDING, LLC | $185,000 | n/a | 0.5% | |
| United Community Bank | $185,000 | n/a | 0.5% | |
| DELTA COMMUNITY CREDIT UNION | $165,000 | n/a | 0.5% | |
| PLAZA HOME MORTGAGE, INC. | $165,000 | n/a | 0.5% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $165,000 | n/a | 0.5% | |
| Discover Bank | $155,000 | n/a | 0.5% | |
| Equity Prime Mortgage LLC | $155,000 | n/a | 0.5% | |
| Peoples Bank | $155,000 | n/a | 0.5% | |
| TOWNE MORTGAGE COMPANY | $385,000 | $155,000 | -59.7% | 0.5% |
| CMG MORTGAGE, INC. | $205,000 | $145,000 | -29.3% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $960,000 | $145,000 | -84.9% | 0.4% |
| BROKER SOLUTIONS, INC. | $320,000 | $135,000 | -57.8% | 0.4% |
| GREAT LAKES | $135,000 | n/a | 0.4% | |
| MORTGAGE INVESTORS GROUP, INC. | $135,000 | n/a | 0.4% | |
| Carrington Mortgage Services, LLC | $125,000 | n/a | 0.4% | |
| CHURCHILL MORTGAGE CORPORATION | $185,000 | $115,000 | -37.8% | 0.3% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $115,000 | n/a | 0.3% | |
| First Federal Bank | $105,000 | n/a | 0.3% | |
| First State Bank of Blakely, Inc. | $525,000 | $105,000 | -80.0% | 0.3% |
| QUORUM FEDERAL CREDIT UNION | $105,000 | n/a | 0.3% | |
| U.S. Bank | $105,000 | n/a | 0.3% | |
| VILLAGE CAPITAL MORTGAGE | $105,000 | n/a | 0.3% | |
| ATLANTA POSTAL | $95,000 | n/a | 0.3% | |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $95,000 | n/a | 0.3% | |
| CROSSCOUNTRY MORTGAGE, LLC | $450,000 | $95,000 | -78.9% | 0.3% |
| CANOPY MORTGAGE, LLC | $85,000 | n/a | 0.3% | |
| GUARANTEED RATE, INC. | $155,000 | $85,000 | -45.2% | 0.3% |
| Commercial Banking Company | $85,000 | $75,000 | -11.8% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $425,000 | $45,000 | -89.4% | 0.1% |
| ROBINS FINANCIAL | $435,000 | $35,000 | -92.0% | 0.1% |
| SunMark Community Bank | $35,000 | n/a | 0.1% |
Cordele's top lender by overall market share is QUICKEN LOANS, LLC, with 13.3% market share. In second place, with 5.9%, is FIRST COLONY MORTGAGE CORPORATION, having originated $1,995,000 in loans. In third place, with 5.1%, is Colony Bank, having originated $1,725,000 in loans. In fourth place, with 4.8%, is Capital City Home Loans, LLC, having originated $1,625,000 in loans. In fifth place, with 4.0%, is PLANTERS FIRST BANK, having originated $1,350,000 in loans.
Cordele, GA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 117 | $23,615,000 | $201,838 |
| Refi | 32 | $5,000,000 | $156,250 |
| Cash Out Refi | 23 | $3,455,000 | $150,217 |
| Home Improvement | 11 | $825,000 | $75,000 |
| Other | 10 | $830,000 | $83,000 |
Cordele's most frequently cited loan purpose was Home Purchase, with 117 originations. The 2nd most popular reason was Refi, with 32 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 72 | $14,410,000 | $200,139 |
| Over 8% | 35 | $4,135,000 | $118,143 |
| 7-8% | 24 | $5,060,000 | $210,833 |
| 5-6% | 22 | $4,260,000 | $193,636 |
| 4-5% | 3 | $545,000 | $181,667 |
| <2.5% | 2 | $20,000 | $10,000 |
During 2024, Cordele's most frequently originated rate bucket was 6-7%, with 72 originations.
Loan Sizing (Cordele, GA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 78 | $11,430,000 | $146,538 |
| $100,000 or less | 58 | $3,230,000 | $55,690 |
| $200k-400k | 40 | $10,150,000 | $253,750 |
| $400k-600k | 13 | $6,235,000 | $479,615 |
| $600k-1000k | 4 | $2,680,000 | $670,000 |
Cordele's loan sizing saw the bucket of loans from $100k-200k with 78 originations, totaling $11,430,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 86 | $17,070,000 | $198,488 |
| 60-80% | 27 | $6,465,000 | $239,444 |
| 20-40% | 18 | $1,370,000 | $76,111 |
| 40-60% | 13 | $2,055,000 | $158,077 |
| Under 20% | 11 | $515,000 | $46,818 |
| Over 100% | 1 | $235,000 | $235,000 |
Cordele's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 86 originations, totaling $17,070,000 in origination value.