Cordele Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Cordele averaged 7.09% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

The average rate for the prior week (2023-09-14) was 7.38% and one month ago for the week of 2023-08-17, the average rate was 6.99%.

Cordele's average rate one year ago was 6.02%.

For refis of the same type during the week of 2023-09-21, the average rate was 7.59%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-21 7.19%
Cordele 30 Year Fixed Rate 2023-09-21 7.09%
Cordele 30 Year Fixed Rate Refi 2023-09-21 7.59%
Cordele 15 Year Fixed Rate 2023-09-21 6.44%
Cordele 15 Year Fixed Rate Refi 2023-09-21 6.54%
Cordele 30 Year FHA 2023-09-21 7.14%
Cordele 30 Year FHA Refi 2023-09-21 7.24%
Cordele 30 Year USDA 2023-09-21 6.92%
Cordele 30 Year USDA Refi 2023-09-21 6.92%
Cordele 30 Year VA 2023-09-21 6.72%
Cordele 30 Year VA Refi 2023-09-21 6.82%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Capital City Home Loans, LLC 11 4.86% $4,716
QUICKEN LOANS, LLC 8 5.42% $6,787
Colony Bank 8 5.36% $4,999
ACOPIA, LLC 4 5.81% $6,792
South State Bank 4 5.28% $3,364
Wells Fargo Bank 3 4.46% $6,255
HOMESTAR FINANCIAL CORPORATION 3 5.67% $5,312
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 5.54% $6,034
Renasant Bank 3 4.58% $4,409
ROBINS FINANCIAL 2 4.25% $3,111
UNITED WHOLESALE MORTGAGE, LLC 2 5.38% $11,927
Ameris Bank 2 4.31% $3,807
Mr. Cooper ( Nationstar Mortgage ) 2 4.81% $6,044
Regions Bank 2 4.94% $3,097
GUARANTY HOME MORTGAGE CORPORATION 2 5.06% $5,287
Flagstar Bank, FSB 2 5.15% $2,859
NFM, INC. 1 3.88% $7,507
PENNYMAC LOAN SERVICES, LLC 1 5.50% $7,653
PNC Bank 1 3.25% $2,497
ANGEL OAK HOME LOANS LLC 1 3.38% $3,709
AMERICAN FINANCING CORPORATION 1 5.88% $4,229
SOUTHPOINT FINANCIAL SERVICES, INC. 1 4.88% $12,599
STOCKTON MORTGAGE CORPORATION 1 4.75% $2,684
Carrington Mortgage Services, LLC 1 3.38% $5,015
Arvest Bank 1 7.63% $2,707
Deere Employees Credit Union 1 4.25% $3,358
GENEVA FINANCIAL, LLC 1 5.88% $5,633
GUILD MORTGAGE COMPANY 1 3.38% $4,164
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.63% $5,354
HOME POINT FINANCIAL CORPORATION 1 4.49% $4,472
TOWNE MORTGAGE COMPANY 1 4.38% $2,862
JPMorgan Chase Bank 1 7.49% $3,571

Cordele Average Closing Costs & Other Stats

Cordele, GA's 32 lenders originated 287 loans during 2022. The total origination value was $47,145,000, with an average loan value of $164,268.

Cordele's average closing costs are $4,907.

The top Cordele lender as defined by loan originations is Capital City Home Loans, LLC, with 11 loans originated. Their average total fees are $4,716, which is $2,071 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Cordele lenders (with over 10 loans originated) are Capital City Home Loans, LLC ($4,716), .

The lowest rate Cordele lenders (with over 10 loans originated) are Capital City Home Loans, LLC (4.86%), .

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Colony Bank $3,110,000 $4,360,000 40.2% 9.2%
QUICKEN LOANS, LLC $8,795,000 $4,210,000 -52.1% 8.9%
Capital City Home Loans, LLC $3,240,000 $3,315,000 2.3% 7.0%
ACOPIA, LLC $2,865,000 $2,145,000 -25.1% 4.5%
Renasant Bank $155,000 $1,895,000 1,122.6% 4.0%
PLANTERS FIRST BANK $1,535,000 $1,885,000 22.8% 4.0%
GUARANTY HOME MORTGAGE CORPORATION $4,380,000 $1,560,000 -64.4% 3.3%
Wells Fargo Bank $740,000 $1,530,000 106.8% 3.2%
Mortgage Research Center, LLC $1,135,000 $1,465,000 29.1% 3.1%
UNITED WHOLESALE MORTGAGE, LLC $1,355,000 $1,245,000 -8.1% 2.6%
Flint Community Bank $355,000 $1,185,000 233.8% 2.5%
Synovus Bank $1,905,000 $990,000 -48.0% 2.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $690,000 $965,000 39.9% 2.0%
Mr. Cooper ( Nationstar Mortgage ) $550,000 $890,000 61.8% 1.9%
CALIBER HOME LOANS, INC. $485,000 $850,000 75.3% 1.8%
Commercial Banking Company $850,000 n/a 1.8%
Carrington Mortgage Services, LLC $785,000 n/a 1.7%
GUILD MORTGAGE COMPANY $455,000 $725,000 59.3% 1.5%
South State Bank $1,985,000 $685,000 -65.5% 1.5%
Ameris Bank $3,290,000 $680,000 -79.3% 1.4%
Citizens Community Bank $660,000 n/a 1.4%
Regions Bank $1,335,000 $650,000 -51.3% 1.4%
PENNYMAC LOAN SERVICES, LLC $1,105,000 $585,000 -47.1% 1.2%
HOMESTAR FINANCIAL CORPORATION $385,000 $580,000 50.6% 1.2%
NAVY FEDERAL CREDIT UNION $955,000 $540,000 -43.5% 1.1%
PeoplesSouth Bank $1,350,000 $525,000 -61.1% 1.1%
Paramount Residential Mortgage Group, Inc. $235,000 $505,000 114.9% 1.1%
Flagstar Bank, FSB $1,320,000 $450,000 -65.9% 1.0%
SOUTHWEST STAGE FUNDING, LLC $190,000 $395,000 107.9% 0.8%
STOCKTON MORTGAGE CORPORATION $125,000 $385,000 208.0% 0.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $500,000 $380,000 -24.0% 0.8%
ROBINS FINANCIAL $420,000 $360,000 -14.3% 0.8%
TOWNE MORTGAGE COMPANY $490,000 $350,000 -28.6% 0.7%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $305,000 $345,000 13.1% 0.7%
GUARANTEED RATE, INC. $325,000 n/a 0.7%
U.S. Bank $320,000 n/a 0.7%
HOME POINT FINANCIAL CORPORATION $310,000 n/a 0.7%
SOUTHPOINT FINANCIAL SERVICES, INC. $305,000 n/a 0.6%
CROSSCOUNTRY MORTGAGE, LLC $145,000 $275,000 89.7% 0.6%
First Federal Bank $430,000 $265,000 -38.4% 0.6%
Thomasville National Bank $255,000 n/a 0.5%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $245,000 n/a 0.5%
FREEDOM MORTGAGE CORPORATION $1,010,000 $240,000 -76.2% 0.5%
JPMorgan Chase Bank $440,000 $240,000 -45.5% 0.5%
HOMEBRIDGE FINANCIAL SERVICES, INC. $215,000 n/a 0.5%
MLD MORTGAGE INC. $215,000 n/a 0.5%
NFM, INC. $215,000 n/a 0.5%
Third Federal Savings and Loan Association of Cleveland $205,000 n/a 0.4%
NEWREZ LLC $570,000 $200,000 -64.9% 0.4%
ANGEL OAK HOME LOANS LLC $660,000 $195,000 -70.5% 0.4%
Deere Employees Credit Union $185,000 n/a 0.4%
TRIAD FINANCIAL SERVICES, INC. $200,000 $185,000 -7.5% 0.4%
GENEVA FINANCIAL, LLC $315,000 $175,000 -44.4% 0.4%
PRIMARY RESIDENTIAL MORTGAGE, INC. $155,000 n/a 0.3%
Bank of America $215,000 $145,000 -32.6% 0.3%
Equity Prime Mortgage LLC $145,000 n/a 0.3%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $145,000 n/a 0.3%
First Option Mortgage, LLC $810,000 $125,000 -84.6% 0.3%
RELIANCE FIRST CAPITAL, LLC $125,000 n/a 0.3%
M&T Bank $105,000 n/a 0.2%
USAA Federal Savings Bank $300,000 $105,000 -65.0% 0.2%
First State Bank of Blakely, Inc. $95,000 $100,000 5.3% 0.2%
21ST MORTGAGE CORPORATION $1,020,000 $85,000 -91.7% 0.2%
CHURCHILL MORTGAGE CORPORATION $85,000 n/a 0.2%
GEORGIA'S OWN $85,000 n/a 0.2%
LOANDEPOT.COM, LLC $1,045,000 $85,000 -91.9% 0.2%
PNC Bank $85,000 n/a 0.2%
AMERICAN ADVISORS GROUP $275,000 $55,000 -80.0% 0.1%
AMERICAN FINANCING CORPORATION $255,000 $55,000 -78.4% 0.1%
RUOFF MORTGAGE COMPANY, INC. $55,000 n/a 0.1%
BROKER SOLUTIONS, INC. $585,000 $45,000 -92.3% 0.1%
Discover Bank $45,000 n/a 0.1%
Arvest Bank $155,000 $35,000 -77.4% 0.1%
1st Franklin Financial Corporation $70,000 $25,000 -64.3% 0.1%
Georgia Banking Company $20,000 n/a 0.0%
Associated Credit Union $15,000 n/a 0.0%

Cordele's top lender by overall market share is Colony Bank, with 9.2% market share. In second place, with 8.9%, is QUICKEN LOANS, LLC, having originated $4,210,000 in loans. In third place, with 7.0%, is Capital City Home Loans, LLC, having originated $3,315,000 in loans. In fourth place, with 4.5%, is ACOPIA, LLC, having originated $2,145,000 in loans. In fifth place, with 4.0%, is Renasant Bank, having originated $1,895,000 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 $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
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
Cordele's median listing price for 2023-08-01 was $287,000, a difference of $33,000 (13.0%) versus the prior year and $-28,000 versus the prior month.

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

Cordele's average listing price for 2023-08-01 was $386,972, a difference of $39,156 (11.3%) versus the prior year and $-9,987 versus the prior month.

For the 2023-08-01 period, Cordele had 46 MLS listings, a difference of -3 listings (-6%) versus the prior month and 13 listings (39%) 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 2,543 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 2,145 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
Cordele's median listing age (time on market) for 2023-08-01 was 0 days.

Cordele's median square footage for active listings during the 2023-08-01 period was 2,031 sqft. One year prior, the average listing was 2,313 sqft.

Cordele, GA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 155 $28,175,000 $181,774
Refi 62 $9,780,000 $157,742
Cash Out Refi 49 $7,175,000 $146,429
Home Improvement 12 $1,360,000 $113,333
Other 9 $655,000 $72,778

Cordele's most frequently cited loan purpose was Home Purchase, with 155 originations. The 2nd most popular reason was Refi, with 62 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 62 $10,650,000 $171,774
4-5% 56 $10,230,000 $182,679
3-4% 51 $9,705,000 $190,294
6-7% 31 $5,655,000 $182,419
2.5-3% 16 $2,260,000 $141,250
Over 8% 13 $565,000 $43,462
7-8% 6 $980,000 $163,333
<2.5% 6 $470,000 $78,333

During 2022, Cordele's most frequently originated rate bucket was 5-6%, with 62 originations.

Loan Sizing (Cordele, GA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 106 $15,660,000 $147,736
$100,000 or less 98 $5,210,000 $53,163
$200k-400k 67 $17,805,000 $265,746
$400k-600k 13 $6,415,000 $493,462
$600k-1000k 3 $2,055,000 $685,000

Cordele's loan sizing saw the bucket of loans from $100k-200k with 106 originations, totaling $15,660,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 112 $19,770,000 $176,518
60-80% 65 $12,065,000 $185,615
40-60% 27 $5,345,000 $197,963
20-40% 19 $2,435,000 $128,158
Under 20% 16 $370,000 $23,125
Over 100% 3 $665,000 $221,667

Cordele's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 112 originations, totaling $19,770,000 in origination value.