Cordele Mortgage Rates & Closing Costs
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% |
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 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. 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 |
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 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. 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 | 2,145 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 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.