Cordele Mortgage Rates

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

30 Year Fixed Rate mortgages in Cordele averaged 5.69% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

The average rate for the prior week (2022-06-16) was 5.66% and one month ago for the week of 2022-05-19, the average rate was 5.43%.

Cordele's average rate one year ago was 3.01%.

For refis of the same type during the week of 2022-06-23, the average rate was 6.17%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Cordele 30 Year Fixed Rate 2022-06-23 5.69%
Cordele 30 Year Fixed Rate Refi 2022-06-23 6.17%
Cordele 15 Year Fixed Rate 2022-06-23 7.02%
Cordele 15 Year Fixed Rate Refi 2022-06-23 5.77%
Cordele 30 Year FHA 2022-06-23 0.1%
Cordele 30 Year FHA Refi 2022-06-23 0.01%
Cordele 30 Year USDA 2022-06-23 -0.16%
Cordele 30 Year VA 2022-06-23 0.06%
Cordele 30 Year VA Refi 2022-06-23 -0.19%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Cordele, GA.

Cordele Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, 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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 19 3.09% $5,185
GUARANTY HOME MORTGAGE CORPORATION 13 3.01% $3,423
Capital City Home Loans, LLC 12 3.27% $3,590
Ameris Bank 8 3.08% $3,117
Colony Bank 8 2.84% $2,757
South State Bank 6 3.21% $4,819
LOANDEPOT.COM, LLC 4 3.13% $4,855
UNITED WHOLESALE MORTGAGE, LLC 4 2.78% $5,790
Truist Bank 3 2.83% $5,609
PENNYMAC LOAN SERVICES, LLC 3 3.58% $3,180
MORTGAGE INVESTORS GROUP, INC. 3 2.92% $4,429
Synovus Bank 3 2.92% $7,004
ACOPIA, LLC 2 3.13% $4,227
BROKER SOLUTIONS, INC. 2 3.19% $4,340
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.00% $2,842
Flagstar Bank, FSB 2 3.35% $3,373
NAVY FEDERAL CREDIT UNION 2 3.94% $3,505
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.56% $6,377
FREEDOM MORTGAGE CORPORATION 1 3.25% $1,408
EMBRACE HOME LOANS, INC. 1 2.99% $8,152
Mr. Cooper ( Nationstar Mortgage ) 1 3.50% $3,145
Wells Fargo Bank 1 3.13% $3,512
NEWREZ LLC 1 3.13% $4,237
Citadel Servicing Corporation 1 6.13% $4,740
ZILLOW HOME LOANS, LLC 1 3.25% $3,101
PROVIDENT FUNDING ASSOCIATES, L.P. 1 2.63% $3,665
Blue Ridge Bank 1 3.00% $6,261
Regions Bank 1 3.38% $3,900
SOUTHEASTERN Credit Union 1 4.20% $2,455
Bank of England 1 3.50% $3,721
Bank of America 1 3.25% $3,166
TOWNE MORTGAGE COMPANY 1 2.49% $8,014
ANGEL OAK HOME LOANS LLC 1 3.13% $4,665
United Bank 1 3.00% $5,313
AMERICAN FINANCING CORPORATION 1 3.38% $4,096
HOMESTAR FINANCIAL CORPORATION 1 2.50% $3,029
JPMorgan Chase Bank 1 2.88% $0

Cordele, GA's 37 lenders originated 354 loans during 2021. The total origination value was $63,530,000, with an average loan value of $179,463.

The top Cordele lender as defined by loan originations is QUICKEN LOANS, LLC, with 19 loans originated. Their average total fees are $5,185, which is $1,762 higher than the next largest lender, GUARANTY HOME MORTGAGE CORPORATION.

The lowest fee Cordele lenders (with over 10 loans originated) are GUARANTY HOME MORTGAGE CORPORATION ($3,423), Capital City Home Loans, LLC ($3,590), QUICKEN LOANS, LLC ($5,185), .

The lowest rate Cordele lenders (with over 10 loans originated) are GUARANTY HOME MORTGAGE CORPORATION (3.01%), QUICKEN LOANS, LLC (3.09%), Capital City Home Loans, LLC (3.27%), .

Cordele, GA Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
QUICKEN LOANS, LLC $3,785,000 $8,795,000 132.4% 13.8%
GUARANTY HOME MORTGAGE CORPORATION $1,270,000 $4,380,000 244.9% 6.9%
Ameris Bank $3,395,000 $3,290,000 -3.1% 5.2%
Capital City Home Loans, LLC $5,245,000 $3,240,000 -38.2% 5.1%
Colony Bank $4,465,000 $3,110,000 -30.3% 4.9%
ACOPIA, LLC $1,620,000 $2,865,000 76.9% 4.5%
South State Bank $2,715,000 $1,985,000 -26.9% 3.1%
Synovus Bank $1,890,000 $1,905,000 0.8% 3.0%
PLANTERS FIRST BANK $2,265,000 $1,535,000 -32.2% 2.4%
UNITED WHOLESALE MORTGAGE, LLC $755,000 $1,355,000 79.5% 2.1%
PeoplesSouth Bank $1,350,000 n/a 2.1%
Regions Bank $375,000 $1,335,000 256.0% 2.1%
Flagstar Bank, FSB $1,005,000 $1,320,000 31.3% 2.1%
WALKER & DUNLOP, LLC $1,165,000 n/a 1.8%
Mortgage Research Center, LLC $935,000 $1,135,000 21.4% 1.8%
PENNYMAC LOAN SERVICES, LLC $1,045,000 $1,105,000 5.7% 1.7%
LOANDEPOT.COM, LLC $690,000 $1,045,000 51.4% 1.6%
21ST MORTGAGE CORPORATION $750,000 $1,020,000 36.0% 1.6%
FREEDOM MORTGAGE CORPORATION $555,000 $1,010,000 82.0% 1.6%
MORTGAGE INVESTORS GROUP, INC. $1,625,000 $1,010,000 -37.8% 1.6%
Truist Bank $355,000 $965,000 171.8% 1.5%
NAVY FEDERAL CREDIT UNION $185,000 $955,000 416.2% 1.5%
First Option Mortgage, LLC $125,000 $810,000 548.0% 1.3%
Wells Fargo Bank $480,000 $740,000 54.2% 1.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $325,000 $690,000 112.3% 1.1%
ANGEL OAK HOME LOANS LLC $1,485,000 $660,000 -55.6% 1.0%
BROKER SOLUTIONS, INC. $1,655,000 $585,000 -64.7% 0.9%
NEWREZ LLC $625,000 $570,000 -8.8% 0.9%
Mr. Cooper ( Nationstar Mortgage ) $730,000 $550,000 -24.7% 0.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $500,000 n/a 0.8%
TOWNE MORTGAGE COMPANY $490,000 n/a 0.8%
CALIBER HOME LOANS, INC. $195,000 $485,000 148.7% 0.8%
GUILD MORTGAGE COMPANY $405,000 $455,000 12.3% 0.7%
LAKEVIEW LOAN SERVICING, LLC $450,000 n/a 0.7%
JPMorgan Chase Bank $440,000 n/a 0.7%
First Federal Bank $145,000 $430,000 196.6% 0.7%
ROBINS FINANCIAL $1,170,000 $420,000 -64.1% 0.7%
GMFS LLC $415,000 $405,000 -2.4% 0.6%
SOUTHEAST MORTGAGE OF GEORGIA, INC. $395,000 n/a 0.6%
HOMESTAR FINANCIAL CORPORATION $320,000 $385,000 20.3% 0.6%
BANKSOUTH MORTGAGE COMPANY, LLC $365,000 n/a 0.6%
EMBRACE HOME LOANS, INC. $355,000 n/a 0.6%
Flint Community Bank $850,000 $355,000 -58.2% 0.6%
Magnolia Bank $340,000 n/a 0.5%
Blue Ridge Bank $320,000 n/a 0.5%
VANDERBILT MORTGAGE AND FINANCE, INC. $320,000 n/a 0.5%
GENEVA FINANCIAL, LLC $315,000 n/a 0.5%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $845,000 $305,000 -63.9% 0.5%
USAA Federal Savings Bank $400,000 $300,000 -25.0% 0.5%
AMERICAN ADVISORS GROUP $275,000 n/a 0.4%
AMERICAN FINANCING CORPORATION $255,000 n/a 0.4%
Mid-Continent Funding, Inc. $165,000 $255,000 54.5% 0.4%
Paramount Residential Mortgage Group, Inc. $235,000 n/a 0.4%
United Bank $235,000 n/a 0.4%
PROVIDENT FUNDING ASSOCIATES, L.P. $225,000 n/a 0.4%
VILLAGE CAPITAL & INVESTMENT LLC $230,000 $220,000 -4.3% 0.3%
Bank of America $295,000 $215,000 -27.1% 0.3%
SOUTHEASTERN Credit Union $200,000 n/a 0.3%
TRIAD FINANCIAL SERVICES, INC. $280,000 $200,000 -28.6% 0.3%
SOUTHWEST STAGE FUNDING, LLC $240,000 $190,000 -20.8% 0.3%
FirstBank $45,000 $185,000 311.1% 0.3%
CMG MORTGAGE, INC. $175,000 n/a 0.3%
AmeriHome Mortgage Company, LLC $195,000 $165,000 -15.4% 0.3%
Platinum Home Mortgage Corporation $165,000 $165,000 0.0% 0.3%
ZILLOW HOME LOANS, LLC $165,000 n/a 0.3%
Arvest Bank $155,000 n/a 0.2%
CRESCENT MORTGAGE COMPANY $95,000 $155,000 63.2% 0.2%
HOMESIDE FINANCIAL, LLC $195,000 $155,000 -20.5% 0.2%
Renasant Bank $450,000 $155,000 -65.6% 0.2%
CROSSCOUNTRY MORTGAGE, LLC $105,000 $145,000 38.1% 0.2%
LENDINGHOME FUNDING CORPORATION $125,000 n/a 0.2%
STOCKTON MORTGAGE CORPORATION $125,000 n/a 0.2%
Cadence Bank, N.A. $115,000 n/a 0.2%
Citadel Servicing Corporation $105,000 n/a 0.2%
LIBERTY HOME MORTGAGE CORPORATION $105,000 n/a 0.2%
First State Bank of Blakely, Inc. $95,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $95,000 n/a 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $85,000 n/a 0.1%
Bank of England $85,000 n/a 0.1%
1st Franklin Financial Corporation $60,000 $70,000 16.7% 0.1%
Figure Lending LLC $45,000 n/a 0.1%
SunMark Community Bank $265,000 $45,000 -83.0% 0.1%

Cordele's top lender by overall market share is QUICKEN LOANS, LLC, with 13.8% market share. In second place, with 6.9%, is GUARANTY HOME MORTGAGE CORPORATION, having originated $4,380,000 in loans. In third place, with 5.2%, is Ameris Bank, having originated $3,290,000 in loans. In third place, with 5.1%, is Capital City Home Loans, LLC, having originated $3,240,000 in loans. In third place, with 4.9%, is Colony Bank, having originated $3,110,000 in loans.


Cordele, GA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 181 $34,325,000 $189,641
Refi 121 $19,165,000 $158,388
Cash Out Refi 37 $8,205,000 $221,757
Other 9 $935,000 $103,889
Home Improvement 6 $900,000 $150,000

Cordele's most frequently cited loan purpose was Home Purchase, with 181 originations. The 2nd most popular reason was Refi, with 121 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 127 $25,405,000 $200,039
2.5-3% 92 $20,180,000 $219,348
<2.5% 56 $9,700,000 $173,214
4-5% 19 $3,765,000 $198,158
Over 8% 11 $755,000 $68,636
6-7% 8 $900,000 $112,500
5-6% 8 $530,000 $66,250
7-8% 3 $265,000 $88,333

During 2021, Cordele's most frequently originated rate bucket was 3-4%, with 127 originations.

Loan Sizing (Cordele, GA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 125 $17,775,000 $142,200
$100,000 or less 107 $6,385,000 $59,673
$200k-400k 101 $27,745,000 $274,703
$400k-600k 18 $8,690,000 $482,778
$Over $1MM 2 $2,310,000 $1,155,000
$600k-1000k 1 $625,000 $625,000

Cordele's loan sizing saw the bucket of loans from $100k-200k with 125 originations, totaling $17,775,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 168 $31,770,000 $189,107
60-80% 87 $19,795,000 $227,529
40-60% 36 $6,080,000 $168,889
20-40% 14 $1,470,000 $105,000
Under 20% 8 $340,000 $42,500
Over 100% 3 $695,000 $231,667

Cordele's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 168 originations, totaling $31,770,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Cordele (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 $222,500 (20.0%) $269,464 (-3.0%) 0.00 90
2018-02-01 $222,500 (19.6%) $268,445 (-4.0%) 0.00 87
2018-03-01 $219,000 (10.1%) $266,284 (-7.3%) 0.00 94
2018-04-01 $218,250 (9.7%) $251,510 (-9.0%) 0.00 112
2018-05-01 $231,250 (18.0%) $257,173 (-5.6%) 0.00 113
2018-06-01 $229,900 (15.8%) $251,127 (-8.3%) 0.00 113
2018-07-01 $229,950 (10.0%) $256,063 (-9.6%) 0.00 118
2018-08-01 $217,500 (-1.1%) $253,680 (-11.1%) 0.00 122
2018-09-01 $199,000 (-5.2%) $252,973 (-8.5%) 0.00 131
2018-10-01 $195,000 (-12.2%) $246,727 (-12.1%) 0.00 127
2018-11-01 $192,450 (-14.1%) $237,124 (-13.7%) 0.00 118
2018-12-01 $195,000 (-13.3%) $241,490 (-12.4%) 0.00 118
2019-01-01 $226,200 (1.7%) $268,378 (-0.4%) 0.00 99
2019-02-01 $226,200 (1.7%) $266,918 (-0.6%) 0.00 104
2019-03-01 $225,000 (2.7%) $269,171 (1.1%) 0.00 104
2019-04-01 $218,250 (0.0%) $262,372 (4.3%) 0.00 102
2019-05-01 $237,000 (2.5%) $275,607 (7.2%) 0.00 102
2019-06-01 $239,000 (4.0%) $274,429 (9.3%) 0.00 97
2019-07-01 $239,000 (3.9%) $274,468 (7.2%) 0.00 98
2019-08-01 $220,000 (1.2%) $257,143 (1.4%) 0.00 96
2019-09-01 $199,999 (0.5%) $237,263 (-6.2%) 0.00 93
2019-10-01 $171,450 (-12.1%) $226,916 (-8.0%) 0.00 83
2019-11-01 $179,000 (-7.0%) $229,204 (-3.3%) 0.00 80
2019-12-01 $179,000 (-8.2%) $232,072 (-3.9%) 0.00 82
2020-01-01 $190,000 (-16.0%) $242,125 (-9.8%) 0.00 79
2020-02-01 $210,000 (-7.2%) $262,831 (-1.5%) 0.00 78
2020-03-01 $217,500 (-3.3%) $263,876 (-2.0%) 0.00 77
2020-04-01 $217,500 (-0.3%) $259,185 (-1.2%) 0.00 78
2020-05-01 $179,000 (-24.5%) $254,963 (-7.5%) 0.00 78
2020-06-01 $210,000 (-12.1%) $272,304 (-0.8%) 0.00 74
2020-07-01 $212,500 (-11.1%) $288,256 (5.0%) 0.00 69
2020-08-01 $249,900 (13.6%) $305,170 (18.7%) 0.00 65
2020-09-01 $250,000 (25.0%) $313,589 (32.2%) 0.00 68
2020-10-01 $250,000 (45.8%) $317,765 (40.0%) 0.00 63
2020-11-01 $249,500 (39.4%) $330,712 (44.3%) 0.00 52
2020-12-01 $268,500 (50.0%) $336,171 (44.9%) 0.00 52
2021-01-01 $255,000 (34.2%) $326,788 (35.0%) 0.00 51
2021-02-01 $249,900 (19.0%) $285,910 (8.8%) 0.00 41
2021-03-01 $239,900 (10.3%) $301,968 (14.4%) 0.00 43
2021-04-01 $259,000 (19.1%) $316,873 (22.3%) 0.00 40
2021-05-01 $233,400 (30.4%) $292,823 (14.9%) 0.00 35
2021-06-01 $264,500 (26.0%) $320,394 (17.7%) 0.00 38
2021-07-01 $299,000 (40.7%) $337,488 (17.1%) 0.00 41
2021-08-01 $261,000 (4.4%) $357,661 (17.2%) 0.00 45
2021-09-01 $263,500 (5.4%) $327,002 (4.3%) 0.00 46
2021-10-01 $247,000 (-1.2%) $322,581 (1.5%) 0.00 49
2021-11-01 $246,500 (-1.2%) $306,083 (-7.5%) 0.00 43
2021-12-01 $239,000 (-11.0%) $288,275 (-14.3%) 0.00 38
2022-01-01 $220,000 (-13.7%) $302,504 (-7.4%) 0.00 26
2022-02-01 $220,000 (-12.0%) $285,186 (-0.3%) 0.00 24
2022-03-01 $205,500 (-14.3%) $280,723 (-7.0%) 0.00 29
2022-04-01 $274,900 (6.1%) $289,414 (-8.7%) 0.00 24
2022-05-01 $259,000 (11.0%) $315,615 (7.8%) 0.00 36
Cordele's median listing price for 2022-05-01 was $259,000, a difference of $25,600 (11.0%) versus the prior year and $-15,900 versus the prior month.

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

Cordele's average listing price for 2022-05-01 was $315,615, a difference of $22,792 (7.8%) versus the prior year and $26,201 versus the prior month.

For the 2022-05-01 period, Cordele had 36 MLS listings, a difference of 12 listings (50%) versus the prior month and 1 listings (3%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Cordele (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,551 sqft
2018-02-01 0 days 2,588 sqft
2018-03-01 0 days 2,332 sqft
2018-04-01 0 days 2,341 sqft
2018-05-01 0 days 2,512 sqft
2018-06-01 0 days 2,369 sqft
2018-07-01 0 days 2,512 sqft
2018-08-01 0 days 2,422 sqft
2018-09-01 0 days 2,312 sqft
2018-10-01 0 days 2,276 sqft
2018-11-01 0 days 2,218 sqft
2018-12-01 0 days 2,257 sqft
2019-01-01 0 days 2,320 sqft
2019-02-01 0 days 2,369 sqft
2019-03-01 0 days 2,327 sqft
2019-04-01 0 days 2,264 sqft
2019-05-01 0 days 2,377 sqft
2019-06-01 0 days 2,442 sqft
2019-07-01 0 days 2,400 sqft
2019-08-01 0 days 2,265 sqft
2019-09-01 0 days 2,240 sqft
2019-10-01 0 days 2,212 sqft
2019-11-01 0 days 2,257 sqft
2019-12-01 0 days 2,240 sqft
2020-01-01 0 days 2,425 sqft
2020-02-01 0 days 2,527 sqft
2020-03-01 0 days 2,169 sqft
2020-04-01 0 days 2,420 sqft
2020-05-01 0 days 2,620 sqft
2020-06-01 0 days 2,681 sqft
2020-07-01 0 days 2,956 sqft
2020-08-01 0 days 3,428 sqft
2020-09-01 0 days 3,276 sqft
2020-10-01 0 days 3,274 sqft
2020-11-01 0 days 3,187 sqft
2020-12-01 0 days 3,206 sqft
2021-01-01 0 days 2,841 sqft
2021-02-01 0 days 2,685 sqft
2021-03-01 0 days 2,656 sqft
2021-04-01 0 days 2,897 sqft
2021-05-01 0 days 2,897 sqft
2021-06-01 0 days 2,874 sqft
2021-07-01 0 days 2,428 sqft
2021-08-01 0 days 2,045 sqft
2021-09-01 0 days 1,979 sqft
2021-10-01 0 days 1,980 sqft
2021-11-01 0 days 1,982 sqft
2021-12-01 0 days 2,022 sqft
2022-01-01 0 days 2,054 sqft
2022-02-01 0 days 2,120 sqft
2022-03-01 0 days 2,078 sqft
2022-04-01 0 days 1,977 sqft
2022-05-01 0 days 2,643 sqft
Cordele's median listing age (time on market) for 2022-05-01 was 0 days.

Cordele's median square footage for active listings during the 2022-05-01 period was 2,643 sqft. One year prior, the average listing was 2,897 sqft.