Cullman Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Cullman averaged
7.11%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
7.05% and
one month ago for the week of 2023-08-10, the
average rate was 6.59%.
Cullman's average rate one year ago was 5.72%.
For refis of the same type during the week of 2023-09-14, the average rate
was 6.5%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Cullman 30 Year Fixed Rate | 2023-09-14 | 7.11% |
| Cullman 30 Year Fixed Rate Refi | 2023-09-14 | 6.5% |
| Cullman 15 Year Fixed Rate | 2023-09-14 | 6.61% |
| Cullman 15 Year Fixed Rate Refi | 2023-09-14 | 6.91% |
| Cullman 30 Year FHA | 2023-09-14 | 6.34% |
| Cullman 30 Year FHA Refi | 2023-09-14 | 6.99% |
| Cullman 30 Year USDA | 2023-09-14 | 6.26% |
| Cullman 30 Year USDA Refi | 2023-09-14 | 6.78% |
| Cullman 30 Year VA | 2023-09-14 | 6.17% |
| Cullman 30 Year VA Refi | 2023-09-14 | 6.61% |
Cullman 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 Cullman, AL 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.).
Cullman Average Closing Costs & Other Stats
Cullman, AL's 115 lenders originated 2,218
loans during 2022. The total origination value was $478,010,000, with an average loan value of
$215,514.
Cullman's average closing costs are $4,681.
The top Cullman lender as defined by loan originations is QUICKEN LOANS, LLC, with
64 loans originated. Their average total fees are
$6,936, which is $2,142
higher than the next largest lender,
Gateway First Bank.
The lowest fee Cullman lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($2,076), REDSTONE Federal Credit Union ($2,723), Listerhill Credit Union ($3,376), First Federal Bank, A FSB ($4,038) and MOVEMENT MORTGAGE, LLC ($4,045).
The lowest rate Cullman lenders (with over 10 loans originated) are
AMERICA'S FIRST (3.95%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (4.17%), Listerhill Credit Union (4.27%), Renasant Bank (4.48%) and MOVEMENT MORTGAGE, LLC (4.55%).
Cullman, AL 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 |
|---|---|---|---|---|
| Traditions Bank | $34,340,000 | $33,885,000 | -1.3% | 7.1% |
| QUICKEN LOANS, LLC | $45,485,000 | $28,435,000 | -37.5% | 5.9% |
| Gateway First Bank | $35,785,000 | $26,205,000 | -26.8% | 5.5% |
| Regions Bank | $17,800,000 | $18,055,000 | 1.4% | 3.8% |
| Hometown Lenders, Inc. | $21,680,000 | $16,950,000 | -21.8% | 3.5% |
| GUILD MORTGAGE COMPANY | $5,730,000 | $14,295,000 | 149.5% | 3.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $9,135,000 | $13,455,000 | 47.3% | 2.8% |
| SouthPoint Bank | $1,565,000 | $12,650,000 | 708.3% | 2.6% |
| FirstBank | $26,180,000 | $12,440,000 | -52.5% | 2.6% |
| Mortgage Research Center, LLC | $8,835,000 | $9,975,000 | 12.9% | 2.1% |
| Premier Bank of the South | $12,970,000 | $9,750,000 | -24.8% | 2.0% |
| LOANDEPOT.COM, LLC | $12,605,000 | $9,440,000 | -25.1% | 2.0% |
| First US Bank | $9,210,000 | n/a | 1.9% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $23,925,000 | $9,080,000 | -62.0% | 1.9% |
| MOVEMENT MORTGAGE, LLC | $6,970,000 | $8,435,000 | 21.0% | 1.8% |
| REDSTONE Federal Credit Union | $8,140,000 | $8,230,000 | 1.1% | 1.7% |
| AMERICA'S FIRST | $3,575,000 | $7,700,000 | 115.4% | 1.6% |
| FREEDOM MORTGAGE CORPORATION | $19,030,000 | $7,455,000 | -60.8% | 1.6% |
| DHI MORTGAGE COMPANY, LTD. | $505,000 | $6,495,000 | 1,186.1% | 1.4% |
| Renasant Bank | $22,410,000 | $6,400,000 | -71.4% | 1.3% |
| BancorpSouth Bank | $5,095,000 | $6,395,000 | 25.5% | 1.3% |
| Citizens Bank & Trust | $8,420,000 | $5,535,000 | -34.3% | 1.2% |
| Listerhill Credit Union | $3,090,000 | $5,460,000 | 76.7% | 1.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $6,795,000 | $5,395,000 | -20.6% | 1.1% |
| First Federal Bank, A FSB | $23,740,000 | $5,000,000 | -78.9% | 1.0% |
| BERKELEY POINT CAPITAL LLC | $4,965,000 | n/a | 1.0% | |
| Wells Fargo Bank | $9,310,000 | $4,965,000 | -46.7% | 1.0% |
| NEWREZ LLC | $3,545,000 | $4,475,000 | 26.2% | 0.9% |
| 21ST MORTGAGE CORPORATION | $4,105,000 | $4,220,000 | 2.8% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $8,835,000 | $4,175,000 | -52.7% | 0.9% |
| MORTGAGE INVESTORS GROUP, INC. | $8,110,000 | $4,120,000 | -49.2% | 0.9% |
| Citizens Bank | $3,885,000 | $4,110,000 | 5.8% | 0.9% |
| NAVY FEDERAL CREDIT UNION | $3,365,000 | $3,870,000 | 15.0% | 0.8% |
| Flagstar Bank, FSB | $1,520,000 | $3,615,000 | 137.8% | 0.8% |
| BROKER SOLUTIONS, INC. | $1,940,000 | $3,170,000 | 63.4% | 0.7% |
| UNION HOME MORTGAGE CORP. | $735,000 | $3,140,000 | 327.2% | 0.7% |
| Trustmark National Bank | $3,840,000 | $3,100,000 | -19.3% | 0.6% |
| Peoples Bank of Alabama | $5,405,000 | $2,885,000 | -46.6% | 0.6% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,270,000 | $2,825,000 | 122.4% | 0.6% |
| TJC Mortgage, Inc. | $1,860,000 | $2,550,000 | 37.1% | 0.5% |
| Ameris Bank | $4,885,000 | $2,525,000 | -48.3% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,095,000 | $2,520,000 | 20.3% | 0.5% |
| Bryant Bank | $450,000 | $2,515,000 | 458.9% | 0.5% |
| Synovus Bank | $7,075,000 | $2,510,000 | -64.5% | 0.5% |
| Wilson Bank And Trust | $2,405,000 | n/a | 0.5% | |
| First National Bank of Pulaski | $135,000 | $2,395,000 | 1,674.1% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $4,145,000 | $2,335,000 | -43.7% | 0.5% |
| HOME POINT FINANCIAL CORPORATION | $2,770,000 | $2,310,000 | -16.6% | 0.5% |
| EvaBank | $4,035,000 | $2,280,000 | -43.5% | 0.5% |
| STOCKTON MORTGAGE CORPORATION | $2,555,000 | $2,250,000 | -11.9% | 0.5% |
| Progress Bank and Trust | $2,360,000 | $2,120,000 | -10.2% | 0.4% |
| EAGLE HOME MORTGAGE, LLC | $2,105,000 | n/a | 0.4% | |
| ServisFirst Bank | $1,020,000 | $2,030,000 | 99.0% | 0.4% |
| River Bank & Trust | $205,000 | $2,020,000 | 885.4% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,355,000 | $1,765,000 | -67.0% | 0.4% |
| USAA Federal Savings Bank | $2,665,000 | $1,735,000 | -34.9% | 0.4% |
| Bank of America | $1,595,000 | $1,725,000 | 8.2% | 0.4% |
| CALIBER HOME LOANS, INC. | $4,435,000 | $1,705,000 | -61.6% | 0.4% |
| GMFS LLC | $3,770,000 | $1,650,000 | -56.2% | 0.3% |
| U.S. Bank | $300,000 | $1,610,000 | 436.7% | 0.3% |
| APCO EMPLOYEES | $1,410,000 | $1,600,000 | 13.5% | 0.3% |
| BankFirst Financial Services | $3,470,000 | $1,590,000 | -54.2% | 0.3% |
| TRIAD FINANCIAL SERVICES, INC. | $1,970,000 | $1,560,000 | -20.8% | 0.3% |
| ALABAMA CREDIT UNION | $1,930,000 | $1,505,000 | -22.0% | 0.3% |
| BETTER MORTGAGE CORPORATION | $1,940,000 | $1,505,000 | -22.4% | 0.3% |
| CHEVRON | $1,505,000 | n/a | 0.3% | |
| Pinnacle Bank | $1,360,000 | $1,505,000 | 10.7% | 0.3% |
| GUARANTY HOME MORTGAGE CORPORATION | $650,000 | $1,500,000 | 130.8% | 0.3% |
| Community Bank of Mississippi | $235,000 | $1,390,000 | 491.5% | 0.3% |
| CB&S Bank, Inc. | $1,785,000 | $1,310,000 | -26.6% | 0.3% |
| NEW DAY FINANCIAL, LLC | $1,705,000 | $1,300,000 | -23.8% | 0.3% |
| PENTAGON FEDERAL CREDIT UNION | $1,250,000 | $1,265,000 | 1.2% | 0.3% |
| South State Bank | $2,310,000 | $1,260,000 | -45.5% | 0.3% |
| CSL Financial, LLC | $730,000 | $1,225,000 | 67.8% | 0.3% |
| GUARANTEED RATE, INC. | $1,125,000 | $1,220,000 | 8.4% | 0.3% |
| CHURCHILL MORTGAGE CORPORATION | $1,080,000 | $1,195,000 | 10.6% | 0.2% |
| JPMorgan Chase Bank | $3,770,000 | $1,195,000 | -68.3% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $1,090,000 | $1,145,000 | 5.0% | 0.2% |
| Family Security Credit Union | $915,000 | $1,145,000 | 25.1% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,135,000 | n/a | 0.2% | |
| City National Bank | $1,125,000 | n/a | 0.2% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $95,000 | $1,105,000 | 1,063.2% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $780,000 | $1,095,000 | 40.4% | 0.2% |
| AMERIFIRST FINANCIAL CORPORATION | $715,000 | $1,090,000 | 52.4% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $3,275,000 | $1,070,000 | -67.3% | 0.2% |
| Prosperity Home Mortgage, LLC | $2,555,000 | $1,050,000 | -58.9% | 0.2% |
| ACIPCO Federal Credit Union | $535,000 | $1,025,000 | 91.6% | 0.2% |
| SUCCESS MORTGAGE PARTNERS, INC. | $740,000 | $1,000,000 | 35.1% | 0.2% |
| Truist | $1,325,000 | $975,000 | -26.4% | 0.2% |
| GoPrime Mortgage, Inc. | $1,525,000 | $940,000 | -38.4% | 0.2% |
| PNC Bank | $1,855,000 | $940,000 | -49.3% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $195,000 | $890,000 | 356.4% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $865,000 | n/a | 0.2% | |
| Assurance Financial Group, L.L.C. | $2,065,000 | $855,000 | -58.6% | 0.2% |
| The Federal Savings Bank | $920,000 | $810,000 | -12.0% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $195,000 | $800,000 | 310.3% | 0.2% |
| CRESCENT MORTGAGE COMPANY | $1,110,000 | $795,000 | -28.4% | 0.2% |
| First Horizon Bank | $2,365,000 | $790,000 | -66.6% | 0.2% |
| INTERLINC MORTGAGE SERVICES, LLC | $485,000 | $765,000 | 57.7% | 0.2% |
| COUNTRYPLACE MORTGAGE, LTD. | $325,000 | $745,000 | 129.2% | 0.2% |
| Consumer First Mortgage, Inc. | $690,000 | $695,000 | 0.7% | 0.1% |
| CIS Financial Services, Inc. | $815,000 | $690,000 | -15.3% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $165,000 | $690,000 | 318.2% | 0.1% |
| Alabama Central Credit Union | $685,000 | n/a | 0.1% | |
| Southern Bank | $670,000 | n/a | 0.1% | |
| Bell Bank | $645,000 | n/a | 0.1% | |
| Capital City Home Loans, LLC | $245,000 | $645,000 | 163.3% | 0.1% |
| KeyBank | $455,000 | $645,000 | 41.8% | 0.1% |
| UBS Bank USA | $635,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $1,925,000 | $620,000 | -67.8% | 0.1% |
| CMG MORTGAGE, INC. | $795,000 | $615,000 | -22.6% | 0.1% |
| PLANET HOME LENDING, LLC | $370,000 | $605,000 | 63.5% | 0.1% |
| M&T Bank | $325,000 | $575,000 | 76.9% | 0.1% |
| BM Real Estate Services, Inc. | $565,000 | n/a | 0.1% | |
| First Savings Bank | $555,000 | n/a | 0.1% | |
| ACOPIA, LLC | $530,000 | n/a | 0.1% | |
| Bank Independent | $1,905,000 | $530,000 | -72.2% | 0.1% |
| Eco Credit Union | $55,000 | $525,000 | 854.5% | 0.1% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,965,000 | $520,000 | -82.5% | 0.1% |
| Countybank | $505,000 | n/a | 0.1% | |
| Total Media Management, LLC | $1,065,000 | $505,000 | -52.6% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $410,000 | $495,000 | 20.7% | 0.1% |
| LEGACY COMMUNITY FEDERAL CREDIT UNION | $605,000 | $490,000 | -19.0% | 0.1% |
| HUNT MORTGAGE CORPORATION | $195,000 | $480,000 | 146.2% | 0.1% |
| Hamilton Mortgage Corporation | $1,170,000 | $470,000 | -59.8% | 0.1% |
| PREMIA MORTGAGE, LLC | $465,000 | n/a | 0.1% | |
| Capitol Federal Savings Bank | $455,000 | n/a | 0.1% | |
| First Internet Bank of Indiana | $845,000 | $435,000 | -48.5% | 0.1% |
| United Community Bank | $425,000 | n/a | 0.1% | |
| ASCEND FEDERAL CREDIT UNION | $165,000 | $415,000 | 151.5% | 0.1% |
| AMERICAN FINANCING CORPORATION | $400,000 | $410,000 | 2.5% | 0.1% |
| AVADIAN | $540,000 | $405,000 | -25.0% | 0.1% |
| Figure Lending LLC | $265,000 | $405,000 | 52.8% | 0.1% |
| Fortera Federal Credit Union | $405,000 | n/a | 0.1% | |
| First Guaranty Mortgage Corporation | $770,000 | $400,000 | -48.1% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $465,000 | $395,000 | -15.1% | 0.1% |
| ISERVE RESIDENTIAL LENDING, LLC | $430,000 | $395,000 | -8.1% | 0.1% |
| Wolfe Financial, Inc | $390,000 | n/a | 0.1% | |
| CERTAINTY HOME LOANS, LLC | $1,480,000 | $380,000 | -74.3% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $310,000 | $380,000 | 22.6% | 0.1% |
| Alabama One Credit Union | $225,000 | $370,000 | 64.4% | 0.1% |
| DAS Acquisition Company, LLC | $225,000 | $350,000 | 55.6% | 0.1% |
| First National Bank | $345,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $175,000 | $345,000 | 97.1% | 0.1% |
| GENEVA FINANCIAL, LLC | $340,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $1,540,000 | $340,000 | -77.9% | 0.1% |
| Hometown Equity Mortgage, LLC | $315,000 | n/a | 0.1% | |
| RESIDENTIAL BANCORP. | $315,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $840,000 | $305,000 | -63.7% | 0.1% |
| BankPlus | $305,000 | n/a | 0.1% | |
| MEMBER FIRST MORTGAGE, LLC | $305,000 | n/a | 0.1% | |
| The Hometown Bank of Alabama | $700,000 | $300,000 | -57.1% | 0.1% |
| Carrington Mortgage Services, LLC | $2,055,000 | $290,000 | -85.9% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $280,000 | n/a | 0.1% | |
| EVANSVILLE TEACHERS | $275,000 | n/a | 0.1% | |
| Centennial Bank | $265,000 | n/a | 0.1% | |
| AMERICAN ADVISORS GROUP | $85,000 | $260,000 | 205.9% | 0.1% |
| RUOFF MORTGAGE COMPANY, INC. | $250,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $55,000 | $250,000 | 354.5% | 0.1% |
| MICHIGAN MUTUAL, INC. | $3,325,000 | $240,000 | -92.8% | 0.1% |
| SOUTHWEST FUNDING, LP | $515,000 | $235,000 | -54.4% | 0.0% |
| AMERICAN MORTGAGE SERVICE COMPANY | $1,570,000 | $225,000 | -85.7% | 0.0% |
| Peapack-Gladstone Bank | $225,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $265,000 | $225,000 | -15.1% | 0.0% |
| GSF Mortgage Corporation | $345,000 | $215,000 | -37.7% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $215,000 | n/a | 0.0% | |
| AlaTrust Credit Union | $205,000 | n/a | 0.0% | |
| First Financial Bank | $205,000 | n/a | 0.0% | |
| SHELTER HOME MORTGAGE, LLC | $205,000 | n/a | 0.0% | |
| Valley National Bank | $205,000 | n/a | 0.0% | |
| CONTOUR MORTGAGE CORPORATION | $195,000 | n/a | 0.0% | |
| Metro City Bank | $360,000 | $195,000 | -45.8% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $115,000 | $195,000 | 69.6% | 0.0% |
| Encompass Lending Group, LP | $185,000 | n/a | 0.0% | |
| ENVOY MORTGAGE, LTD | $185,000 | n/a | 0.0% | |
| HUDSON HERITAGE | $185,000 | n/a | 0.0% | |
| Jefferson Credit Union | $185,000 | n/a | 0.0% | |
| ON Q FINANCIAL, INC. | $185,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $165,000 | $185,000 | 12.1% | 0.0% |
| BMO Harris Bank | $325,000 | $180,000 | -44.6% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $175,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $690,000 | $175,000 | -74.6% | 0.0% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $195,000 | $165,000 | -15.4% | 0.0% |
| AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. | $155,000 | n/a | 0.0% | |
| Arvest Bank | $650,000 | $155,000 | -76.2% | 0.0% |
| Discover Bank | $190,000 | $140,000 | -26.3% | 0.0% |
| Commerce Home Mortgage, Inc. | $135,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $135,000 | n/a | 0.0% | |
| FINANCE OF AMERICA MORTGAGE LLC | $245,000 | $125,000 | -49.0% | 0.0% |
| Chicago Mortgage Solutions LLC | $115,000 | n/a | 0.0% | |
| ILLINOIS STATE CREDIT UNION | $115,000 | n/a | 0.0% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,135,000 | $115,000 | -89.9% | 0.0% |
| NUMARK CREDIT UNION | $125,000 | $115,000 | -8.0% | 0.0% |
| BECKAM FUNDING CORP. | $105,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $725,000 | $105,000 | -85.5% | 0.0% |
| BAY EQUITY LLC | $395,000 | $95,000 | -75.9% | 0.0% |
| SOUTH CENTRAL BANK, INC. | $495,000 | $95,000 | -80.8% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $995,000 | $85,000 | -91.5% | 0.0% |
| 1st Franklin Financial Corporation | $75,000 | $35,000 | -53.3% | 0.0% |
| FAMILY SAVINGS | $305,000 | $35,000 | -88.5% | 0.0% |
Cullman's top lender by overall market share is Traditions Bank, with 7.1% market share. In second place, with 5.9%, is QUICKEN LOANS, LLC, having originated $28,435,000 in loans. In third place, with 5.5%, is Gateway First Bank, having originated $26,205,000 in loans. In fourth place, with 3.8%, is Regions Bank, having originated $18,055,000 in loans. In fifth place, with 3.5%, is Hometown Lenders, Inc., having originated $16,950,000 in loans.
Cullman, AL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,325 | $319,405,000 | $241,060 |
| Cash Out Refi | 394 | $78,610,000 | $199,518 |
| Refi | 284 | $52,860,000 | $186,127 |
| Home Improvement | 125 | $12,345,000 | $98,760 |
| Other | 90 | $14,790,000 | $164,333 |
Cullman's most frequently cited loan purpose was Home Purchase, with 1,325 originations. The 2nd most popular reason was Cash Out Refi, with 394 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 467 | $114,175,000 | $244,486 |
| 3-4% | 442 | $103,000,000 | $233,032 |
| 5-6% | 411 | $93,145,000 | $226,630 |
| 6-7% | 206 | $43,590,000 | $211,602 |
| 2.5-3% | 118 | $28,000,000 | $237,288 |
| 7-8% | 85 | $12,995,000 | $152,882 |
| Over 8% | 68 | $6,430,000 | $94,559 |
| <2.5% | 40 | $8,290,000 | $207,250 |
During 2022, Cullman's most frequently originated rate bucket was 4-5%, with 467 originations.
Loan Sizing (Cullman, AL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 827 | $124,705,000 | $150,792 |
| $200k-400k | 632 | $170,620,000 | $269,968 |
| $100,000 or less | 540 | $31,280,000 | $57,926 |
| $400k-600k | 132 | $62,440,000 | $473,030 |
| $600k-1000k | 62 | $44,340,000 | $715,161 |
| $Over $1MM | 25 | $44,625,000 | $1,785,000 |
Cullman's loan sizing saw the bucket of loans from $100k-200k with 827 originations, totaling $124,705,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 885 | $211,975,000 | $239,520 |
| 60-80% | 444 | $121,040,000 | $272,613 |
| 40-60% | 182 | $39,070,000 | $214,670 |
| 20-40% | 126 | $14,610,000 | $115,952 |
| Under 20% | 124 | $5,640,000 | $45,484 |
| Over 100% | 52 | $13,080,000 | $251,538 |
Cullman's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 885 originations, totaling $211,975,000 in origination value.