Corinth Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Corinth averaged
7.46%
for the week of 2023-11-22, compared to the national average of
7.29% for the same period.
The average rate for the prior week (2023-11-16) was
7.61% and
one month ago for the week of 2023-10-19, the
average rate was 7.8%.
Corinth's average rate one year ago was 6.58%.
For refis of the same type during the week of 2023-11-22, the average rate
was 7.19%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-22 | 7.29% |
Corinth 30 Year Fixed Rate | 2023-11-22 | 7.46% |
Corinth 30 Year Fixed Rate Refi | 2023-11-22 | 7.19% |
Corinth 15 Year Fixed Rate | 2023-11-22 | 6.87% |
Corinth 15 Year Fixed Rate Refi | 2023-11-22 | 7.27% |
Corinth 30 Year FHA | 2023-11-22 | 0% |
Corinth 30 Year FHA Refi | 2023-11-22 | 0.2% |
Corinth 30 Year USDA | 2023-11-22 | 0.1% |
Corinth 30 Year USDA Refi | 2023-11-22 | 0.1% |
Corinth 30 Year VA | 2023-11-22 | -0.1% |
Corinth 30 Year VA Refi | 2023-11-22 | 0.2% |
Corinth 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 Corinth, MS 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.).
Corinth Average Closing Costs & Other Stats
Corinth, MS's 41 lenders originated 528
loans during 2022. The total origination value was $77,180,000, with an average loan value of
$146,174.
Corinth's average closing costs are $4,330.
The top Corinth lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
13 loans originated. Their average total fees are
$3,132, which is $975
lower than the next largest lender,
GMFS LLC.
The lowest fee Corinth lenders (with over 10 loans originated) are
CB&S Bank, Inc. ($2,764), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,132), Regions Bank ($3,324), BancorpSouth ($3,512) and GMFS LLC ($4,107).
The lowest rate Corinth lenders (with over 10 loans originated) are
CB&S Bank, Inc. (4.55%), GMFS LLC (4.57%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (4.75%), BancorpSouth (5.13%) and Regions Bank (5.65%).
Corinth, MS 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 |
---|---|---|---|---|
BancorpSouth Bank | $17,100,000 | $6,820,000 | -60.1% | 8.8% |
CB&S Bank, Inc. | $6,555,000 | $6,520,000 | -0.5% | 8.4% |
QUICKEN LOANS, LLC | $10,250,000 | $5,630,000 | -45.1% | 7.3% |
Renasant Bank | $13,965,000 | $5,265,000 | -62.3% | 6.8% |
Regions Bank | $8,275,000 | $4,915,000 | -40.6% | 6.4% |
Trustmark National Bank | $4,395,000 | $4,655,000 | 5.9% | 6.0% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $7,250,000 | $4,175,000 | -42.4% | 5.4% |
KEESLER | $115,000 | $3,900,000 | 3,291.3% | 5.1% |
GMFS LLC | $9,850,000 | $3,885,000 | -60.6% | 5.0% |
STOCKTON MORTGAGE CORPORATION | $1,310,000 | $2,940,000 | 124.4% | 3.8% |
Mortgage Research Center, LLC | $2,690,000 | $2,490,000 | -7.4% | 3.2% |
BankPlus | $1,205,000 | $1,970,000 | 63.5% | 2.6% |
MOVEMENT MORTGAGE, LLC | $640,000 | $1,365,000 | 113.3% | 1.8% |
Flagstar Bank, FSB | $2,070,000 | $1,215,000 | -41.3% | 1.6% |
21ST MORTGAGE CORPORATION | $1,405,000 | $1,115,000 | -20.6% | 1.4% |
Bank of England | $590,000 | $1,000,000 | 69.5% | 1.3% |
Wells Fargo Bank | $585,000 | $920,000 | 57.3% | 1.2% |
LOANDEPOT.COM, LLC | $905,000 | $860,000 | -5.0% | 1.1% |
Barrington Bank & Trust Company, N.A. | $660,000 | n/a | 0.9% | |
Community Bank of Mississippi | $75,000 | $655,000 | 773.3% | 0.8% |
CROSSCOUNTRY MORTGAGE, LLC | $180,000 | $645,000 | 258.3% | 0.8% |
AMERISAVE MORTGAGE CORPORATION | $815,000 | $585,000 | -28.2% | 0.8% |
FORT FINANCIAL Federal Credit Union | $785,000 | $575,000 | -26.8% | 0.7% |
Carrington Mortgage Services, LLC | $95,000 | $565,000 | 494.7% | 0.7% |
FirstBank | $55,000 | $445,000 | 709.1% | 0.6% |
Magnolia Bank | $420,000 | n/a | 0.5% | |
BROKER SOLUTIONS, INC. | $705,000 | $415,000 | -41.1% | 0.5% |
Kimberly Clark Credit Union | $410,000 | n/a | 0.5% | |
PENNYMAC LOAN SERVICES, LLC | $430,000 | $410,000 | -4.7% | 0.5% |
SOUTHWEST STAGE FUNDING, LLC | $545,000 | $405,000 | -25.7% | 0.5% |
Brighton Bank | $265,000 | $400,000 | 50.9% | 0.5% |
MORTGAGE ACCESS CORP. | $390,000 | n/a | 0.5% | |
Leaders Credit Union | $95,000 | $385,000 | 305.3% | 0.5% |
NAVY FEDERAL CREDIT UNION | $75,000 | $360,000 | 380.0% | 0.5% |
The Central Trust Bank | $355,000 | n/a | 0.5% | |
Citizens Bank | $685,000 | $340,000 | -50.4% | 0.4% |
United Community Bank | $335,000 | n/a | 0.4% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $1,125,000 | $310,000 | -72.4% | 0.4% |
The Citizens National Bank of Meridian | $305,000 | n/a | 0.4% | |
CapStar Bank | $285,000 | n/a | 0.4% | |
MORTGAGE INVESTORS GROUP, INC. | $1,570,000 | $285,000 | -81.8% | 0.4% |
CALIBER HOME LOANS, INC. | $2,230,000 | $280,000 | -87.4% | 0.4% |
BETTER MORTGAGE CORPORATION | $560,000 | $265,000 | -52.7% | 0.3% |
FIRST COMMUNITY MORTGAGE, INC. | $85,000 | $265,000 | 211.8% | 0.3% |
JPMorgan Chase Bank | $455,000 | $265,000 | -41.8% | 0.3% |
OPEN MORTGAGE, LLC | $265,000 | n/a | 0.3% | |
Simmons Bank | $260,000 | n/a | 0.3% | |
FREEDOM MORTGAGE CORPORATION | $1,465,000 | $250,000 | -82.9% | 0.3% |
Origin Bank | $240,000 | n/a | 0.3% | |
GUARANTEED RATE, INC. | $235,000 | n/a | 0.3% | |
Mr. Cooper ( Nationstar Mortgage ) | $615,000 | $230,000 | -62.6% | 0.3% |
CHURCHILL MORTGAGE CORPORATION | $310,000 | $225,000 | -27.4% | 0.3% |
Paragon Bank | $225,000 | n/a | 0.3% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $215,000 | n/a | 0.3% | |
PLANET HOME LENDING, LLC | $215,000 | n/a | 0.3% | |
The Federal Savings Bank | $215,000 | n/a | 0.3% | |
AMERICAN ADVISORS GROUP | $210,000 | n/a | 0.3% | |
ROYAL UNITED MORTGAGE LLC | $105,000 | $210,000 | 100.0% | 0.3% |
MUTUAL OF OMAHA MORTGAGE, INC. | $145,000 | $205,000 | 41.4% | 0.3% |
SOUTHWEST FUNDING, LP | $185,000 | n/a | 0.2% | |
TRIAD FINANCIAL SERVICES, INC. | $140,000 | $185,000 | 32.1% | 0.2% |
CSL Financial, LLC | $180,000 | n/a | 0.2% | |
First Federal Bank, A FSB | $175,000 | n/a | 0.2% | |
USAA Federal Savings Bank | $185,000 | $175,000 | -5.4% | 0.2% |
DAS Acquisition Company, LLC | $165,000 | n/a | 0.2% | |
COMMUNITY MORTGAGE CORPORATION | $155,000 | n/a | 0.2% | |
Evolve Bank & Trust | $155,000 | n/a | 0.2% | |
VILLAGE CAPITAL MORTGAGE | $325,000 | $155,000 | -52.3% | 0.2% |
AMERICAN FINANCING CORPORATION | $135,000 | n/a | 0.2% | |
Wolfe Financial, Inc | $245,000 | $135,000 | -44.9% | 0.2% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $125,000 | n/a | 0.2% | |
MORIA DEVELOPMENT, INC. | $125,000 | n/a | 0.2% | |
Orion Federal Credit Union | $125,000 | n/a | 0.2% | |
SUCCESS MORTGAGE PARTNERS, INC. | $115,000 | n/a | 0.1% | |
Memphis City Employees Credit Union | $105,000 | n/a | 0.1% | |
CITIZENS EQUITY FIRST | $125,000 | $100,000 | -20.0% | 0.1% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $915,000 | $95,000 | -89.6% | 0.1% |
Equity Prime Mortgage LLC | $85,000 | n/a | 0.1% | |
Guaranty Bank and Trust Company | $85,000 | n/a | 0.1% | |
NEWREZ LLC | $75,000 | n/a | 0.1% | |
PHH Mortgage Corporation | $75,000 | n/a | 0.1% | |
Southeast Financial Credit Union | $75,000 | n/a | 0.1% | |
CMG MORTGAGE, INC. | $65,000 | n/a | 0.1% | |
Discover Bank | $55,000 | n/a | 0.1% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $55,000 | n/a | 0.1% | |
The Bank of Holly Springs | $25,000 | $55,000 | 120.0% | 0.1% |
Figure Lending LLC | $40,000 | n/a | 0.1% | |
MID AMERICA MORTGAGE, INC. | $35,000 | n/a | 0.0% | |
U.S. Bank | $135,000 | $35,000 | -74.1% | 0.0% |
Corinth's top lender by overall market share is BancorpSouth Bank, with 8.8% market share. In second place, with 8.4%, is CB&S Bank, Inc., having originated $6,520,000 in loans. In third place, with 7.3%, is QUICKEN LOANS, LLC, having originated $5,630,000 in loans. In fourth place, with 6.8%, is Renasant Bank, having originated $5,265,000 in loans. In fifth place, with 6.4%, is Regions Bank, having originated $4,915,000 in loans.
Corinth Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Corinth (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 | $157,800 (1.9%) | $197,135 (6.8%) | 0.00 | 99 |
2018-02-01 | $150,000 (-0.3%) | $192,725 (8.4%) | 0.00 | 101 |
2018-03-01 | $149,000 (-1.5%) | $183,820 (3.0%) | 0.00 | 116 |
2018-04-01 | $158,000 (5.4%) | $192,618 (12.4%) | 0.00 | 112 |
2018-05-01 | $158,500 (5.7%) | $189,886 (10.6%) | 0.00 | 112 |
2018-06-01 | $149,000 (-1.5%) | $176,350 (-2.4%) | 0.00 | 106 |
2018-07-01 | $149,450 (-0.4%) | $178,819 (0.7%) | 0.00 | 103 |
2018-08-01 | $149,700 (-6.0%) | $175,628 (-4.0%) | 0.00 | 104 |
2018-09-01 | $154,000 (-6.8%) | $175,945 (-11.1%) | 0.00 | 112 |
2018-10-01 | $169,000 (2.5%) | $185,902 (-5.1%) | 0.00 | 97 |
2018-11-01 | $170,600 (3.4%) | $190,244 (-2.8%) | 0.00 | 88 |
2018-12-01 | $162,500 (1.6%) | $184,656 (-6.7%) | 0.00 | 81 |
2019-01-01 | $149,700 (-5.1%) | $174,328 (-11.6%) | 0.00 | 76 |
2019-02-01 | $151,200 (0.8%) | $173,463 (-10.0%) | 0.00 | 78 |
2019-03-01 | $169,746 (13.9%) | $184,369 (0.3%) | 0.00 | 81 |
2019-04-01 | $178,021 (12.7%) | $190,126 (-1.3%) | 0.00 | 76 |
2019-05-01 | $179,475 (13.2%) | $198,548 (4.6%) | 0.00 | 86 |
2019-06-01 | $169,950 (14.1%) | $185,081 (5.0%) | 0.00 | 105 |
2019-07-01 | $173,500 (16.1%) | $190,438 (6.5%) | 0.00 | 107 |
2019-08-01 | $175,700 (17.4%) | $193,743 (10.3%) | 0.00 | 105 |
2019-09-01 | $180,875 (17.5%) | $200,612 (14.0%) | 0.00 | 99 |
2019-10-01 | $184,325 (9.1%) | $205,191 (10.4%) | 0.00 | 95 |
2019-11-01 | $179,900 (5.5%) | $202,908 (6.7%) | 0.00 | 89 |
2019-12-01 | $154,925 (-4.7%) | $191,216 (3.6%) | 0.00 | 89 |
2020-01-01 | $155,950 (4.2%) | $191,660 (9.9%) | 0.00 | 86 |
2020-02-01 | $166,450 (10.1%) | $201,121 (15.9%) | 0.00 | 87 |
2020-03-01 | $182,175 (7.3%) | $202,376 (9.8%) | 0.00 | 90 |
2020-04-01 | $195,500 (9.8%) | $211,227 (11.1%) | 0.00 | 86 |
2020-05-01 | $197,500 (10.0%) | $209,850 (5.7%) | 0.00 | 89 |
2020-06-01 | $188,750 (11.1%) | $200,730 (8.5%) | 0.00 | 77 |
2020-07-01 | $191,500 (10.4%) | $202,290 (6.2%) | 0.00 | 70 |
2020-08-01 | $194,000 (10.4%) | $219,673 (13.4%) | 0.00 | 59 |
2020-09-01 | $191,750 (6.0%) | $222,453 (10.9%) | 0.00 | 58 |
2020-10-01 | $197,500 (7.2%) | $231,182 (12.7%) | 0.00 | 51 |
2020-11-01 | $195,000 (8.4%) | $230,633 (13.7%) | 0.00 | 50 |
2020-12-01 | $210,250 (35.7%) | $235,483 (23.2%) | 0.00 | 45 |
2021-01-01 | $214,000 (37.2%) | $234,653 (22.4%) | 0.00 | 42 |
2021-02-01 | $183,250 (10.1%) | $222,030 (10.4%) | 0.00 | 34 |
2021-03-01 | $177,000 (-2.8%) | $231,150 (14.2%) | 0.00 | 33 |
2021-04-01 | $192,400 (-1.6%) | $249,268 (18.0%) | 0.00 | 28 |
2021-05-01 | $199,900 (1.2%) | $244,324 (16.4%) | 0.00 | 34 |
2021-06-01 | $210,000 (11.3%) | $235,650 (17.4%) | 0.00 | 33 |
2021-07-01 | $259,000 (35.3%) | $246,706 (22.0%) | 0.00 | 25 |
2021-08-01 | $241,750 (24.6%) | $241,261 (9.8%) | 0.00 | 45 |
2021-09-01 | $158,100 (-17.6%) | $225,399 (1.3%) | 0.00 | 52 |
2021-10-01 | $150,000 (-24.1%) | $230,150 (-0.5%) | 0.00 | 50 |
2021-11-01 | $223,950 (14.9%) | $252,454 (9.5%) | 0.00 | 48 |
2021-12-01 | $214,925 (2.2%) | $239,739 (1.8%) | 0.00 | 45 |
2022-01-01 | $214,400 (0.2%) | $245,018 (4.4%) | 0.00 | 45 |
2022-02-01 | $210,450 (14.8%) | $250,438 (12.8%) | 0.00 | 36 |
2022-03-01 | $149,900 (-15.3%) | $200,397 (-13.3%) | 0.00 | 34 |
2022-04-01 | $149,900 (-22.1%) | $208,133 (-16.5%) | 0.00 | 35 |
2022-05-01 | $139,450 (-30.2%) | $186,557 (-23.6%) | 0.00 | 32 |
2022-06-01 | $163,725 (-22.0%) | $225,854 (-4.2%) | 0.00 | 29 |
2022-07-01 | $175,000 (-32.4%) | $243,715 (-1.2%) | 0.00 | 31 |
2022-08-01 | $202,250 (-16.3%) | $269,706 (11.8%) | 0.00 | 34 |
2022-09-01 | $191,750 (21.3%) | $252,777 (12.2%) | 0.00 | 42 |
2022-10-01 | $189,900 (26.6%) | $237,496 (3.2%) | 0.00 | 53 |
2022-11-01 | $189,450 (-15.4%) | $228,566 (-9.5%) | 0.00 | 57 |
2022-12-01 | $189,450 (-11.9%) | $226,720 (-5.4%) | 0.00 | 54 |
2023-01-01 | $190,950 (-10.9%) | $227,556 (-7.1%) | 0.00 | 45 |
2023-02-01 | $177,475 (-15.7%) | $218,164 (-12.9%) | 0.00 | 45 |
2023-03-01 | $178,675 (19.2%) | $224,021 (11.8%) | 0.00 | 42 |
2023-04-01 | $169,500 (13.1%) | $214,427 (3.0%) | 0.00 | 36 |
2023-05-01 | $183,250 (31.4%) | $262,851 (40.9%) | 0.00 | 38 |
2023-06-01 | $186,975 (14.2%) | $255,382 (13.1%) | 0.00 | 46 |
2023-07-01 | $199,000 (13.7%) | $252,935 (3.8%) | 0.00 | 49 |
2023-08-01 | $216,425 (7.0%) | $239,581 (-11.2%) | 0.00 | 59 |
2023-09-01 | $219,950 (14.7%) | $241,823 (-4.3%) | 0.00 | 62 |
2023-10-01 | $243,675 (28.3%) | $265,382 (11.7%) | 0.00 | 65 |
Corinth's median listing price comes in at 0% of the national average.
Corinth's average listing price for 2023-10-01 was $265,382, a difference of $27,886 (11.7%) versus the prior year and $23,559 versus the prior month.
For the 2023-10-01 period, Corinth had 65 MLS listings, a difference of 3 listings (5%) versus the prior month and 12 listings (23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Corinth (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,090 sqft |
2018-02-01 | 0 days | 2,023 sqft |
2018-03-01 | 0 days | 2,006 sqft |
2018-04-01 | 0 days | 2,048 sqft |
2018-05-01 | 0 days | 1,875 sqft |
2018-06-01 | 0 days | 1,863 sqft |
2018-07-01 | 0 days | 1,859 sqft |
2018-08-01 | 0 days | 1,904 sqft |
2018-09-01 | 0 days | 2,023 sqft |
2018-10-01 | 0 days | 2,040 sqft |
2018-11-01 | 0 days | 2,023 sqft |
2018-12-01 | 0 days | 2,004 sqft |
2019-01-01 | 0 days | 2,070 sqft |
2019-02-01 | 0 days | 2,025 sqft |
2019-03-01 | 0 days | 2,062 sqft |
2019-04-01 | 0 days | 2,146 sqft |
2019-05-01 | 0 days | 2,282 sqft |
2019-06-01 | 0 days | 2,200 sqft |
2019-07-01 | 0 days | 2,271 sqft |
2019-08-01 | 0 days | 2,283 sqft |
2019-09-01 | 0 days | 2,327 sqft |
2019-10-01 | 0 days | 2,357 sqft |
2019-11-01 | 0 days | 2,321 sqft |
2019-12-01 | 0 days | 2,207 sqft |
2020-01-01 | 0 days | 2,083 sqft |
2020-02-01 | 0 days | 2,233 sqft |
2020-03-01 | 0 days | 2,301 sqft |
2020-04-01 | 0 days | 2,378 sqft |
2020-05-01 | 0 days | 2,316 sqft |
2020-06-01 | 0 days | 2,291 sqft |
2020-07-01 | 0 days | 2,320 sqft |
2020-08-01 | 0 days | 2,363 sqft |
2020-09-01 | 0 days | 2,301 sqft |
2020-10-01 | 0 days | 2,481 sqft |
2020-11-01 | 0 days | 2,309 sqft |
2020-12-01 | 0 days | 2,327 sqft |
2021-01-01 | 0 days | 2,387 sqft |
2021-02-01 | 0 days | 1,936 sqft |
2021-03-01 | 0 days | 2,127 sqft |
2021-04-01 | 0 days | 2,352 sqft |
2021-05-01 | 0 days | 2,245 sqft |
2021-06-01 | 0 days | 2,221 sqft |
2021-07-01 | 0 days | 2,198 sqft |
2021-08-01 | 0 days | 2,066 sqft |
2021-09-01 | 0 days | 1,816 sqft |
2021-10-01 | 0 days | 2,020 sqft |
2021-11-01 | 0 days | 2,149 sqft |
2021-12-01 | 0 days | 2,134 sqft |
2022-01-01 | 0 days | 2,184 sqft |
2022-02-01 | 0 days | 2,099 sqft |
2022-03-01 | 0 days | 1,728 sqft |
2022-04-01 | 0 days | 1,759 sqft |
2022-05-01 | 0 days | 1,688 sqft |
2022-06-01 | 0 days | 1,665 sqft |
2022-07-01 | 0 days | 1,759 sqft |
2022-08-01 | 0 days | 2,105 sqft |
2022-09-01 | 0 days | 2,088 sqft |
2022-10-01 | 0 days | 2,000 sqft |
2022-11-01 | 0 days | 1,949 sqft |
2022-12-01 | 0 days | 1,874 sqft |
2023-01-01 | 0 days | 1,862 sqft |
2023-02-01 | 0 days | 1,769 sqft |
2023-03-01 | 0 days | 1,858 sqft |
2023-04-01 | 0 days | 1,758 sqft |
2023-05-01 | 0 days | 1,877 sqft |
2023-06-01 | 0 days | 1,899 sqft |
2023-07-01 | 0 days | 1,821 sqft |
2023-08-01 | 0 days | 1,896 sqft |
2023-09-01 | 0 days | 1,899 sqft |
2023-10-01 | 0 days | 2,107 sqft |
Corinth's median square footage for active listings during the 2023-10-01 period was 2,107 sqft. One year prior, the average listing was 2,000 sqft.
Corinth, MS Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 246 | $44,190,000 | $179,634 |
Refi | 114 | $14,650,000 | $128,509 |
Cash Out Refi | 81 | $11,865,000 | $146,481 |
Other | 53 | $4,095,000 | $77,264 |
Home Improvement | 34 | $2,380,000 | $70,000 |
Corinth's most frequently cited loan purpose was Home Purchase, with 246 originations. The 2nd most popular reason was Refi, with 114 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 126 | $20,680,000 | $164,127 |
4-5% | 118 | $19,080,000 | $161,695 |
5-6% | 109 | $17,515,000 | $160,688 |
6-7% | 55 | $8,005,000 | $145,545 |
2.5-3% | 34 | $4,160,000 | $122,353 |
<2.5% | 27 | $2,525,000 | $93,519 |
7-8% | 26 | $2,420,000 | $93,077 |
Over 8% | 20 | $1,400,000 | $70,000 |
During 2022, Corinth's most frequently originated rate bucket was 3-4%, with 126 originations.
Loan Sizing (Corinth, MS MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 220 | $13,260,000 | $60,273 |
$100k-200k | 197 | $27,985,000 | $142,056 |
$200k-400k | 93 | $23,925,000 | $257,258 |
$400k-600k | 11 | $5,045,000 | $458,636 |
$600k-1000k | 5 | $3,545,000 | $709,000 |
$Over $1MM | 2 | $3,420,000 | $1,710,000 |
Corinth's loan sizing saw the bucket of loans from $100,000 or less with 220 originations, totaling $13,260,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 228 | $41,850,000 | $183,553 |
60-80% | 109 | $18,985,000 | $174,174 |
20-40% | 57 | $3,805,000 | $66,754 |
40-60% | 57 | $7,155,000 | $125,526 |
Under 20% | 53 | $1,965,000 | $37,075 |
Over 100% | 9 | $1,845,000 | $205,000 |
Corinth's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 228 originations, totaling $41,850,000 in origination value.