Cordele Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Cordele averaged
6.58%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.71% and
one month ago for the week of 2023-02-09, the
average rate was 6.4%.
Cordele's average rate one year ago was 4.03%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.86%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Cordele 30 Year Fixed Rate | 2023-03-16 | 6.58% |
Cordele 30 Year Fixed Rate Refi | 2023-03-16 | 6.86% |
Cordele 15 Year Fixed Rate | 2023-03-16 | 8% |
Cordele 15 Year Fixed Rate Refi | 2023-03-16 | 6.45% |
Cordele 30 Year FHA | 2023-03-16 | 6.75% |
Cordele 30 Year FHA Refi | 2023-03-16 | 6.26% |
Cordele 30 Year USDA | 2023-03-16 | 6.43% |
Cordele 30 Year VA | 2023-03-16 | 6.1% |
Cordele 30 Year VA Refi | 2023-03-16 | 6.05% |
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 37 lenders originated 354
loans during 2021. The total origination value was $63,530,000, with an average loan value of
$179,463.
Cordele's average closing costs are $4,647.
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 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 | 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 fourth place, with 5.1%, is Capital City Home Loans, LLC, having originated $3,240,000 in loans. In fifth place, with 4.9%, is Colony Bank, having originated $3,110,000 in loans.
Cordele Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Cordele (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | $232,500 (1.2%) | $273,072 (5.4%) | 0.00 | 85 |
2019-08-01 | $200,395 (-8.2%) | $260,261 (1.3%) | 0.00 | 80 |
2019-09-01 | $178,489 (-16.0%) | $244,381 (-6.9%) | 0.00 | 77 |
2019-10-01 | $161,450 (-22.0%) | $233,299 (-9.9%) | 0.00 | 72 |
2019-11-01 | $179,000 (-9.8%) | $232,029 (-6.4%) | 0.00 | 73 |
2019-12-01 | $179,000 (-9.7%) | $236,909 (-4.3%) | 0.00 | 75 |
2020-01-01 | $187,250 (-16.1%) | $244,363 (-10.8%) | 0.00 | 77 |
2020-02-01 | $217,500 (-2.3%) | $260,207 (-4.0%) | 0.00 | 75 |
2020-03-01 | $225,000 (-0.2%) | $268,006 (-1.6%) | 0.00 | 72 |
2020-04-01 | $213,750 (2.0%) | $262,283 (-0.1%) | 0.00 | 72 |
2020-05-01 | $210,000 (-4.1%) | $261,485 (-2.8%) | 0.00 | 71 |
2020-06-01 | $169,000 (-28.1%) | $265,381 (-3.3%) | 0.00 | 69 |
2020-07-01 | $194,500 (-16.3%) | $277,740 (1.7%) | 0.00 | 64 |
2020-08-01 | $195,000 (-2.7%) | $288,113 (10.7%) | 0.00 | 61 |
2020-09-01 | $250,000 (40.1%) | $306,773 (25.5%) | 0.00 | 61 |
2020-10-01 | $250,000 (54.9%) | $313,256 (34.3%) | 0.00 | 57 |
2020-11-01 | $258,500 (44.4%) | $324,480 (39.8%) | 0.00 | 46 |
2020-12-01 | $269,000 (50.3%) | $336,049 (41.9%) | 0.00 | 49 |
2021-01-01 | $255,000 (36.2%) | $315,757 (29.2%) | 0.00 | 46 |
2021-02-01 | $247,400 (13.8%) | $289,457 (11.2%) | 0.00 | 39 |
2021-03-01 | $228,725 (1.7%) | $300,633 (12.2%) | 0.00 | 42 |
2021-04-01 | $247,500 (15.8%) | $323,676 (23.4%) | 0.00 | 38 |
2021-05-01 | $233,400 (11.1%) | $299,633 (14.6%) | 0.00 | 33 |
2021-06-01 | $259,000 (53.3%) | $310,648 (17.1%) | 0.00 | 34 |
2021-07-01 | $260,000 (33.7%) | $323,231 (16.4%) | 0.00 | 37 |
2021-08-01 | $246,250 (26.3%) | $343,089 (19.1%) | 0.00 | 40 |
2021-09-01 | $254,500 (1.8%) | $337,220 (9.9%) | 0.00 | 38 |
2021-10-01 | $247,000 (-1.2%) | $334,005 (6.6%) | 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 |
Cordele's median listing price comes in at 0% of the national average.
Cordele's average listing price for 2023-02-01 was $384,077, a difference of $104,502 (37.4%) versus the prior year and $-3,183 versus the prior month.
For the 2023-02-01 period, Cordele had 49 MLS listings, a difference of 0 listings (0%) versus the prior month and 27 listings (123%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Cordele (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,543 sqft |
2018-02-01 | 0 days | 2,557 sqft |
2018-03-01 | 0 days | 2,332 sqft |
2018-04-01 | 0 days | 2,441 sqft |
2018-05-01 | 0 days | 2,578 sqft |
2018-06-01 | 0 days | 2,369 sqft |
2018-07-01 | 0 days | 2,476 sqft |
2018-08-01 | 0 days | 2,386 sqft |
2018-09-01 | 0 days | 2,496 sqft |
2018-10-01 | 0 days | 2,480 sqft |
2018-11-01 | 0 days | 2,281 sqft |
2018-12-01 | 0 days | 2,369 sqft |
2019-01-01 | 0 days | 2,504 sqft |
2019-02-01 | 0 days | 2,488 sqft |
2019-03-01 | 0 days | 2,422 sqft |
2019-04-01 | 0 days | 2,324 sqft |
2019-05-01 | 0 days | 2,471 sqft |
2019-06-01 | 0 days | 2,444 sqft |
2019-07-01 | 0 days | 2,444 sqft |
2019-08-01 | 0 days | 2,352 sqft |
2019-09-01 | 0 days | 2,279 sqft |
2019-10-01 | 0 days | 2,240 sqft |
2019-11-01 | 0 days | 2,302 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 | 2,609 sqft |
2020-07-01 | 0 days | 2,693 sqft |
2020-08-01 | 0 days | 3,394 sqft |
2020-09-01 | 0 days | 3,310 sqft |
2020-10-01 | 0 days | 3,193 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 | 2,223 sqft |
2021-09-01 | 0 days | 2,128 sqft |
2021-10-01 | 0 days | 2,028 sqft |
2021-11-01 | 0 days | 2,016 sqft |
2021-12-01 | 0 days | 2,041 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 |
Cordele's median square footage for active listings during the 2023-02-01 period was 1,824 sqft. One year prior, the average listing was 2,133 sqft.
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.