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 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%
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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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 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 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. 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
Cordele's median listing price for 2023-02-01 was $297,500, a difference of $108,250 (57.2%) versus the prior year and $21,750 versus the prior month.

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. 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 2,223 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 listing age (time on market) for 2023-02-01 was 0 days.

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.