Cordele Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Cordele averaged 7.1% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.68% and one month ago for the week of 2024-03-14, the average rate was 6.84%.

    Cordele's average rate one year ago was 6.27%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.5%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Cordele 30 Year Fixed Rate 2024-04-18 7.1%
    Cordele 30 Year Fixed Rate Refi 2024-04-18 7.5%
    Cordele 15 Year Fixed Rate 2024-04-18 6.29%
    Cordele 15 Year Fixed Rate Refi 2024-04-18 6.89%
    Cordele 30 Year FHA 2024-04-18 7.06%
    Cordele 30 Year FHA Refi 2024-04-18 7.06%
    Cordele 30 Year USDA 2024-04-18 6.96%
    Cordele 30 Year USDA Refi 2024-04-18 6.66%
    Cordele 30 Year VA 2024-04-18 6.56%
    Cordele 30 Year VA Refi 2024-04-18 6.76%
    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 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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 8 6.78% $5,753
    Capital City Home Loans, LLC 6 6.58% $4,881
    Colony Bank 4 6.22% $4,787
    Flagstar Bank, FSB 4 6.72% $7,470
    FIRST COLONY MORTGAGE CORPORATION 3 7.63% $6,159
    ServisFirst Bank 2 7.38% $5,456
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.81% $7,289
    NAVY FEDERAL CREDIT UNION 2 6.75% $6,495
    LEADERONE FINANCIAL CORPORATION 1 6.50% $4,271
    Mortgage Research Center, LLC 1 6.88% $1,585
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.99% $4,219
    Paramount Residential Mortgage Group, Inc. 1 6.63% $6,982
    PENNYMAC LOAN SERVICES, LLC 1 7.12% $15,703
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.88% $3,499
    Regions Bank 1 6.88% $4,305
    ROBINS FINANCIAL 1 4.25% $2,521
    ROYAL UNITED MORTGAGE LLC 1 7.25% $3,808
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 7.99% $6,810
    Truist 1 7.38% $4,034
    21ST MORTGAGE CORPORATION 1 8.25% $6,171
    UNITED WHOLESALE MORTGAGE, LLC 1 7.63% $8,364
    AMERISAVE MORTGAGE CORPORATION 1 6.38% $10,356
    BROKER SOLUTIONS, INC. 1 7.13% $4,931
    CALIBER HOME LOANS, INC. 1 6.88% $9,668
    CMG MORTGAGE, INC. 1 7.25% $3,915
    FREEDOM MORTGAGE CORPORATION 1 6.63% $9,642
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.00% $6,132
    JPMorgan Chase Bank 1 6.50% $4,271

    Cordele Average Closing Costs & Other Stats

    Cordele, GA's 28 lenders originated 173 loans during 2023. The total origination value was $35,645,000, with an average loan value of $206,040.

    Cordele's average closing costs are $5,199.

    The top Cordele lender as defined by loan originations is QUICKEN LOANS, LLC, with 8 loans originated. Their average total fees are $5,753, which is $871 higher than the next largest lender, Capital City Home Loans, LLC.

    The lowest fee Cordele lenders (with over 10 loans originated) are .

    The lowest rate Cordele lenders (with over 10 loans originated) are .

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    FIRST TECHNOLOGY $5,745,000 n/a 16.1%
    QUICKEN LOANS, LLC $4,210,000 $3,430,000 -18.5% 9.6%
    Capital City Home Loans, LLC $3,315,000 $1,910,000 -42.4% 5.4%
    Flagstar Bank, FSB $450,000 $1,330,000 195.6% 3.7%
    Colony Bank $4,360,000 $1,240,000 -71.6% 3.5%
    NAVY FEDERAL CREDIT UNION $540,000 $1,200,000 122.2% 3.4%
    PLANTERS FIRST BANK $1,885,000 $1,095,000 -41.9% 3.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $380,000 $960,000 152.6% 2.7%
    FREEDOM MORTGAGE CORPORATION $240,000 $955,000 297.9% 2.7%
    UNITED WHOLESALE MORTGAGE, LLC $1,245,000 $940,000 -24.5% 2.6%
    PENNYMAC LOAN SERVICES, LLC $585,000 $930,000 59.0% 2.6%
    ACOPIA, LLC $2,145,000 $895,000 -58.3% 2.5%
    21ST MORTGAGE CORPORATION $85,000 $695,000 717.6% 1.9%
    ServisFirst Bank $690,000 n/a 1.9%
    Paramount Residential Mortgage Group, Inc. $505,000 $655,000 29.7% 1.8%
    AMERISAVE MORTGAGE CORPORATION $635,000 n/a 1.8%
    Regions Bank $650,000 $595,000 -8.5% 1.7%
    Flint Community Bank $1,185,000 $535,000 -54.9% 1.5%
    First State Bank of Blakely, Inc. $100,000 $525,000 425.0% 1.5%
    CALIBER HOME LOANS, INC. $850,000 $475,000 -44.1% 1.3%
    CROSSCOUNTRY MORTGAGE, LLC $275,000 $450,000 63.6% 1.3%
    ROBINS FINANCIAL $360,000 $435,000 20.8% 1.2%
    Mr. Cooper ( Nationstar Mortgage ) $890,000 $425,000 -52.2% 1.2%
    GUILD MORTGAGE COMPANY $725,000 $420,000 -42.1% 1.2%
    FIRST COLONY MORTGAGE CORPORATION $415,000 n/a 1.2%
    TOWNE MORTGAGE COMPANY $350,000 $385,000 10.0% 1.1%
    Truist $380,000 n/a 1.1%
    Mortgage Research Center, LLC $1,465,000 $375,000 -74.4% 1.1%
    BROKER SOLUTIONS, INC. $45,000 $320,000 611.1% 0.9%
    MID AMERICA MORTGAGE, INC. $320,000 n/a 0.9%
    Ameris Bank $680,000 $295,000 -56.6% 0.8%
    LOANDEPOT.COM, LLC $85,000 $250,000 194.1% 0.7%
    LOANPAL, LLC $235,000 n/a 0.7%
    USAA Federal Savings Bank $105,000 $215,000 104.8% 0.6%
    CMG MORTGAGE, INC. $205,000 n/a 0.6%
    CHURCHILL MORTGAGE CORPORATION $85,000 $185,000 117.6% 0.5%
    MOVEMENT MORTGAGE, LLC $165,000 n/a 0.5%
    BancorpSouth $155,000 n/a 0.4%
    Citizens Community Bank $660,000 $155,000 -76.5% 0.4%
    GUARANTEED RATE, INC. $325,000 $155,000 -52.3% 0.4%
    TRIAD FINANCIAL SERVICES, INC. $185,000 $150,000 -18.9% 0.4%
    AMERICAN FINANCIAL NETWORK, INC. $145,000 n/a 0.4%
    THRIVE MORTGAGE, LLC $145,000 n/a 0.4%
    ACADEMY MORTGAGE CORPORATION $135,000 n/a 0.4%
    CARDINAL FINANCIAL $345,000 $135,000 -60.9% 0.4%
    JPMorgan Chase Bank $240,000 $125,000 -47.9% 0.4%
    LEADERONE FINANCIAL CORPORATION $125,000 n/a 0.4%
    NATIONWIDE MORTGAGE BANKERS, INC. $125,000 n/a 0.4%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $965,000 $125,000 -87.0% 0.4%
    Fifth Third Bank $105,000 n/a 0.3%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $95,000 n/a 0.3%
    SOUTHPOINT FINANCIAL SERVICES, INC. $305,000 $95,000 -68.9% 0.3%
    SOUTHWEST STAGE FUNDING, LLC $395,000 $95,000 -75.9% 0.3%
    SOUTHEASTERN Credit Union $90,000 n/a 0.3%
    Commercial Banking Company $850,000 $85,000 -90.0% 0.2%
    VAN DYK MORTGAGE CORPORATION $85,000 n/a 0.2%
    FINANCE OF AMERICA REVERSE LLC $75,000 n/a 0.2%
    GEORGIA'S OWN $85,000 $75,000 -11.8% 0.2%
    SPRING EQ, LLC $75,000 n/a 0.2%
    Figure Lending LLC $65,000 n/a 0.2%
    Citizens Bank $55,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $45,000 n/a 0.1%
    Talbot State Bank $25,000 n/a 0.1%

    Cordele's top lender by overall market share is FIRST TECHNOLOGY, with 16.1% market share. In second place, with 9.6%, is QUICKEN LOANS, LLC, having originated $3,430,000 in loans. In third place, with 5.4%, is Capital City Home Loans, LLC, having originated $1,910,000 in loans. In fourth place, with 3.7%, is Flagstar Bank, FSB, having originated $1,330,000 in loans. In fifth place, with 3.5%, is Colony Bank, having originated $1,240,000 in loans.

    Cordele Housing Market Trends (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 $223,625 (24.6%) $263,131 (2.5%) 0.00 87
    2018-02-01 $223,750 (24.5%) $262,769 (2.4%) 0.00 87
    2018-03-01 $217,500 (12.3%) $260,566 (0.1%) 0.00 93
    2018-04-01 $222,000 (14.7%) $255,838 (0.8%) 0.00 107
    2018-05-01 $233,500 (22.6%) $261,275 (3.3%) 0.00 109
    2018-06-01 $229,900 (19.7%) $255,244 (0.0%) 0.00 111
    2018-07-01 $229,725 (15.4%) $259,125 (-3.1%) 0.00 115
    2018-08-01 $218,250 (-0.6%) $257,049 (-4.4%) 0.00 119
    2018-09-01 $212,449 (-1.2%) $262,516 (-2.3%) 0.00 124
    2018-10-01 $206,975 (-8.7%) $258,955 (-6.0%) 0.00 119
    2018-11-01 $198,500 (-11.1%) $248,005 (-7.8%) 0.00 112
    2018-12-01 $198,250 (-12.8%) $247,569 (-8.3%) 0.00 112
    2019-01-01 $223,050 (-0.3%) $273,925 (4.1%) 0.00 92
    2019-02-01 $222,600 (-0.5%) $271,018 (3.1%) 0.00 98
    2019-03-01 $225,429 (3.7%) $272,338 (4.5%) 0.00 96
    2019-04-01 $209,554 (-5.6%) $262,527 (2.6%) 0.00 94
    2019-05-01 $218,875 (-6.3%) $269,137 (3.0%) 0.00 90
    2019-06-01 $235,000 (2.2%) $274,355 (7.5%) 0.00 85
    2019-07-01 $226,000 (-1.6%) $268,725 (3.7%) 0.00 84
    2019-08-01 $195,818 (-10.3%) $255,350 (-0.7%) 0.00 79
    2019-09-01 $174,545 (-17.8%) $239,019 (-9.0%) 0.00 76
    2019-10-01 $158,000 (-23.7%) $227,524 (-12.1%) 0.00 71
    2019-11-01 $171,950 (-13.4%) $227,094 (-8.4%) 0.00 72
    2019-12-01 $179,000 (-9.7%) $232,133 (-6.2%) 0.00 74
    2020-01-01 $181,750 (-18.5%) $239,142 (-12.7%) 0.00 76
    2020-02-01 $210,000 (-5.7%) $255,285 (-5.8%) 0.00 74
    2020-03-01 $217,500 (-3.5%) $262,854 (-3.5%) 0.00 71
    2020-04-01 $202,250 (-3.5%) $256,995 (-2.1%) 0.00 71
    2020-05-01 $194,500 (-11.1%) $256,272 (-4.8%) 0.00 70
    2020-06-01 $169,000 (-28.1%) $262,029 (-4.5%) 0.00 67
    2020-07-01 $194,500 (-13.9%) $274,452 (2.1%) 0.00 62
    2020-08-01 $195,000 (-0.4%) $284,985 (11.6%) 0.00 59
    2020-09-01 $250,000 (43.2%) $304,254 (27.3%) 0.00 59
    2020-10-01 $259,500 (64.2%) $313,932 (38.0%) 0.00 56
    2020-11-01 $258,500 (50.3%) $324,480 (42.9%) 0.00 46
    2020-12-01 $269,000 (50.3%) $336,049 (44.8%) 0.00 49
    2021-01-01 $255,000 (40.3%) $315,757 (32.0%) 0.00 46
    2021-02-01 $247,400 (17.8%) $289,457 (13.4%) 0.00 39
    2021-03-01 $228,725 (5.2%) $300,633 (14.4%) 0.00 42
    2021-04-01 $247,500 (22.4%) $323,676 (26.0%) 0.00 38
    2021-05-01 $233,400 (20.0%) $299,633 (16.9%) 0.00 33
    2021-06-01 $259,000 (53.3%) $310,648 (18.6%) 0.00 34
    2021-07-01 $260,000 (33.7%) $323,231 (17.8%) 0.00 37
    2021-08-01 $246,250 (26.3%) $343,089 (20.4%) 0.00 40
    2021-09-01 $254,500 (1.8%) $337,220 (10.8%) 0.00 38
    2021-10-01 $247,000 (-4.8%) $334,005 (6.4%) 0.00 42
    2021-11-01 $243,000 (-6.0%) $307,639 (-5.2%) 0.00 36
    2021-12-01 $175,000 (-34.9%) $287,501 (-14.5%) 0.00 31
    2022-01-01 $207,250 (-18.7%) $303,623 (-3.8%) 0.00 22
    2022-02-01 $189,250 (-23.5%) $279,575 (-3.4%) 0.00 22
    2022-03-01 $179,000 (-21.7%) $269,153 (-10.5%) 0.00 25
    2022-04-01 $235,000 (-5.1%) $268,955 (-16.9%) 0.00 21
    2022-05-01 $242,225 (3.8%) $297,564 (-0.7%) 0.00 32
    2022-06-01 $273,125 (5.5%) $364,115 (17.2%) 0.00 29
    2022-07-01 $254,000 (-2.3%) $329,923 (2.1%) 0.00 28
    2022-08-01 $254,000 (3.2%) $347,816 (1.4%) 0.00 33
    2022-09-01 $211,250 (-17.0%) $351,660 (4.3%) 0.00 35
    2022-10-01 $264,000 (6.9%) $397,053 (18.9%) 0.00 37
    2022-11-01 $245,250 (0.9%) $350,481 (13.9%) 0.00 48
    2022-12-01 $189,000 (8.0%) $367,780 (27.9%) 0.00 43
    2023-01-01 $275,750 (33.1%) $387,260 (27.6%) 0.00 49
    2023-02-01 $297,500 (57.2%) $384,077 (37.4%) 0.00 49
    2023-03-01 $320,000 (78.8%) $390,757 (45.2%) 0.00 49
    2023-04-01 $307,500 (30.9%) $373,971 (39.1%) 0.00 50
    2023-05-01 $288,225 (19.0%) $377,483 (26.9%) 0.00 49
    2023-06-01 $326,250 (19.5%) $406,854 (11.7%) 0.00 44
    2023-07-01 $315,000 (24.0%) $396,959 (20.3%) 0.00 49
    2023-08-01 $287,000 (13.0%) $386,972 (11.3%) 0.00 46
    2023-09-01 $289,000 (36.8%) $382,073 (8.7%) 0.00 45
    2023-10-01 $314,750 (19.2%) $406,461 (2.4%) 0.00 47
    2023-11-01 $313,500 (27.8%) $379,831 (8.4%) 0.00 52
    2023-12-01 $315,000 (66.7%) $396,247 (7.7%) 0.00 53
    2024-01-01 $273,500 (-0.8%) $339,863 (-12.2%) 0.00 51
    2024-02-01 $278,500 (-6.4%) $318,939 (-17.0%) 0.00 53
    2024-03-01 $315,000 (-1.6%) $336,083 (-14.0%) 0.00 54
    Cordele's median listing price for 2024-03-01 was $315,000, a difference of $-5,000 (-1.6%) versus the prior year and $36,500 versus the prior month.

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

    Cordele's average listing price for 2024-03-01 was $336,083, a difference of $-54,674 (-14.0%) versus the prior year and $17,144 versus the prior month.

    For the 2024-03-01 period, Cordele had 54 MLS listings, a difference of 1 listings (2%) versus the prior month and 5 listings (10%) 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 2,563 sqft
    2018-02-01 0 days 2,576 sqft
    2018-03-01 0 days 2,365 sqft
    2018-04-01 0 days 2,463 sqft
    2018-05-01 0 days 2,582 sqft
    2018-06-01 0 days 2,441 sqft
    2018-07-01 0 days 2,514 sqft
    2018-08-01 0 days 2,431 sqft
    2018-09-01 0 days 2,504 sqft
    2018-10-01 0 days 2,488 sqft
    2018-11-01 0 days 2,302 sqft
    2018-12-01 0 days 2,425 sqft
    2019-01-01 0 days 2,511 sqft
    2019-02-01 0 days 2,493 sqft
    2019-03-01 0 days 2,453 sqft
    2019-04-01 0 days 2,373 sqft
    2019-05-01 0 days 2,481 sqft
    2019-06-01 0 days 2,462 sqft
    2019-07-01 0 days 2,443 sqft
    2019-08-01 0 days 2,327 sqft
    2019-09-01 0 days 2,262 sqft
    2019-10-01 0 days 2,224 sqft
    2019-11-01 0 days 2,280 sqft
    2019-12-01 0 days 2,302 sqft
    2020-01-01 0 days 2,423 sqft
    2020-02-01 0 days 2,527 sqft
    2020-03-01 0 days 2,262 sqft
    2020-04-01 0 days 2,368 sqft
    2020-05-01 0 days 2,420 sqft
    2020-06-01 0 days 2,552 sqft
    2020-07-01 0 days 2,762 sqft
    2020-08-01 0 days 3,411 sqft
    2020-09-01 0 days 3,347 sqft
    2020-10-01 0 days 3,274 sqft
    2020-11-01 0 days 3,187 sqft
    2020-12-01 0 days 3,298 sqft
    2021-01-01 0 days 2,763 sqft
    2021-02-01 0 days 2,656 sqft
    2021-03-01 0 days 2,589 sqft
    2021-04-01 0 days 2,869 sqft
    2021-05-01 0 days 2,791 sqft
    2021-06-01 0 days 2,685 sqft
    2021-07-01 0 days 2,461 sqft
    2021-08-01 0 days 2,145 sqft
    2021-09-01 0 days 1,981 sqft
    2021-10-01 0 days 1,980 sqft
    2021-11-01 0 days 1,983 sqft
    2021-12-01 0 days 2,003 sqft
    2022-01-01 0 days 2,080 sqft
    2022-02-01 0 days 2,133 sqft
    2022-03-01 0 days 2,072 sqft
    2022-04-01 0 days 1,973 sqft
    2022-05-01 0 days 2,627 sqft
    2022-06-01 0 days 2,890 sqft
    2022-07-01 0 days 2,372 sqft
    2022-08-01 0 days 2,313 sqft
    2022-09-01 0 days 1,978 sqft
    2022-10-01 0 days 1,911 sqft
    2022-11-01 0 days 1,737 sqft
    2022-12-01 0 days 1,697 sqft
    2023-01-01 0 days 1,747 sqft
    2023-02-01 0 days 1,824 sqft
    2023-03-01 0 days 1,752 sqft
    2023-04-01 0 days 1,765 sqft
    2023-05-01 0 days 1,846 sqft
    2023-06-01 0 days 2,005 sqft
    2023-07-01 0 days 2,021 sqft
    2023-08-01 0 days 2,031 sqft
    2023-09-01 0 days 1,951 sqft
    2023-10-01 0 days 2,092 sqft
    2023-11-01 0 days 2,099 sqft
    2023-12-01 0 days 2,149 sqft
    2024-01-01 0 days 2,120 sqft
    2024-02-01 0 days 1,952 sqft
    2024-03-01 0 days 1,924 sqft
    Cordele's median listing age (time on market) for 2024-03-01 was 0 days.

    Cordele's median square footage for active listings during the 2024-03-01 period was 1,924 sqft. One year prior, the average listing was 1,752 sqft.

    Cordele, GA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 100 $25,190,000 $251,900
    Refi 30 $3,700,000 $123,333
    Cash Out Refi 24 $4,830,000 $201,250
    Home Improvement 11 $895,000 $81,364
    Other 8 $1,030,000 $128,750

    Cordele's most frequently cited loan purpose was Home Purchase, with 100 originations. The 2nd most popular reason was Refi, with 30 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 56 $17,470,000 $311,964
    7-8% 32 $6,360,000 $198,750
    Over 8% 28 $2,900,000 $103,571
    5-6% 17 $3,745,000 $220,294
    <2.5% 5 $55,000 $11,000
    4-5% 3 $435,000 $145,000

    During 2023, Cordele's most frequently originated rate bucket was 6-7%, with 56 originations.

    Loan Sizing (Cordele, GA MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 64 $8,960,000 $140,000
    $100,000 or less 55 $2,705,000 $49,182
    $200k-400k 37 $9,465,000 $255,811
    $400k-600k 12 $5,920,000 $493,333
    $600k-1000k 4 $2,850,000 $712,500
    $Over $1MM 1 $5,745,000 $5,745,000

    Cordele's loan sizing saw the bucket of loans from $100k-200k with 64 originations, totaling $8,960,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 80 $15,520,000 $194,000
    60-80% 28 $11,970,000 $427,500
    20-40% 13 $1,225,000 $94,231
    40-60% 11 $1,875,000 $170,455
    Under 20% 10 $290,000 $29,000
    Over 100% 2 $350,000 $175,000

    Cordele's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 80 originations, totaling $15,520,000 in origination value.