Cullman Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Cullman averaged 6.62% for the week of 2024-06-20, compared to the national average of 6.87% for the same period.

The average rate for the prior week (2024-06-13) was 6.7% and one month ago for the week of 2024-05-16, the average rate was 7.07%.

Cullman's average rate one year ago was 6.74%.

For refis of the same type during the week of 2024-06-20, the average rate was 7.27%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-20 6.87%
Cullman 30 Year Fixed Rate 2024-06-20 6.62%
Cullman 30 Year Fixed Rate Refi 2024-06-20 7.27%
Cullman 15 Year Fixed Rate 2024-06-20 6.33%
Cullman 15 Year Fixed Rate Refi 2024-06-20 6.43%
Cullman 30 Year FHA 2024-06-20 -0.32%
Cullman 30 Year FHA Refi 2024-06-20 0.2%
Cullman 30 Year USDA 2024-06-20 -0.2%
Cullman 30 Year USDA Refi 2024-06-20 0%
Cullman 30 Year VA 2024-06-20 0.07%
Cullman 30 Year VA Refi 2024-06-20 0%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Cullman, AL.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 33 6.97% $6,151
QUICKEN LOANS, LLC 31 6.91% $6,527
SouthPoint Bank 18 6.06% $5,548
GUILD MORTGAGE COMPANY 17 7.03% $7,025
REDSTONE Federal Credit Union 16 7.28% $3,059
The Loan Store, Inc. 14 6.78% $4,807
EAGLE HOME MORTGAGE, LLC 13 5.15% $1,922
STOCKTON MORTGAGE CORPORATION 12 7.25% $6,351
Regions Bank 12 6.34% $5,259
First Federal Bank, A FSB 12 6.60% $6,382
MOVEMENT MORTGAGE, LLC 11 6.49% $5,011
Renasant Bank 10 7.01% $4,306
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.65% $5,700
AMERICA'S FIRST 9 6.63% $4,601
FirstBank 9 7.18% $4,454
DHI MORTGAGE COMPANY, LTD. 9 5.66% $2,161
Gateway First Bank 8 5.98% $4,468
Synovus Bank 8 6.45% $5,574
Listerhill Credit Union 7 6.66% $4,114
VANDERBILT MORTGAGE AND FINANCE, INC. 7 8.11% $5,803
Wells Fargo Bank 6 6.40% $4,827
Citizens Bank 6 7.23% $5,084
JPMorgan Chase Bank 5 6.87% $5,209
NEWREZ LLC 5 7.53% $6,078
PENNYMAC LOAN SERVICES, LLC 5 6.70% $5,735
Pinnacle Bank 5 7.85% $8,763
Prosperity Home Mortgage, LLC 5 6.83% $4,558
Trustmark National Bank 4 6.44% $6,216
UNION HOME MORTGAGE CORP. 4 6.91% $8,382
CB&S Bank, Inc. 4 6.62% $5,111
21ST MORTGAGE CORPORATION 4 8.54% $5,608
MORTGAGE INVESTORS GROUP, INC. 4 3.28% $7,054
United Community Bank 3 7.40% $3,481
LOANDEPOT.COM, LLC 3 6.41% $7,187
Mr. Cooper ( Nationstar Mortgage ) 3 6.95% $7,668
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.08% $6,054
PNC Bank 3 6.96% $4,254
FIRST COMMUNITY MORTGAGE, INC. 3 7.13% $3,859
Victorian Finance, LLC 3 7.29% $5,280
River Bank & Trust 3 6.92% $3,984
CROSSCOUNTRY MORTGAGE, LLC 2 6.81% $8,125
BancorpSouth 2 5.88% $3,746
Lincoln Savings Bank 2 6.38% $3,183
S1L, Inc. 2 7.31% $6,876
ServisFirst Bank 2 7.69% $3,587
Ameris Bank 2 6.94% $2,913
FREEDOM MORTGAGE CORPORATION 2 7.06% $4,634
Plains Commerce Bank 2 6.38% $2,486
AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 6.56% $4,970
GUARANTEED RATE, INC. 2 6.91% $7,000
Hamilton Mortgage Corporation 2 7.00% $6,994
Mortgage Research Center, LLC 2 6.81% $3,907
ALABAMA CREDIT UNION 2 5.50% $2,803
Carrington Mortgage Services, LLC 2 6.44% $6,439
Independent Bank 2 7.35% $3,853
ZILLOW HOME LOANS, LLC 1 7.50% $4,949
ACOPIA, LLC 1 7.25% $6,373
Alabama One Credit Union 1 6.25% $6,663
ALABAMA TEACHERS 1 7.25% $2,934
AmeriHome Mortgage Company, LLC 1 6.38% $5,873
AMERISAVE MORTGAGE CORPORATION 1 6.13% $4,931
APCO EMPLOYEES 1 6.25% $4,360
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.00% $4,076
Assurance Financial Group, L.L.C. 1 7.13% $4,681
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.50% $7,380
Bank Independent 1 5.99% $5,789
Bank of America 1 6.63% $5,774
Bank of England 1 7.38% $4,110
BMO Harris Bank 1 5.63% $35,669
BNC National Bank 1 6.13% $3,235
BROKER SOLUTIONS, INC. 1 6.88% $3,740
CARDINAL FINANCIAL 1 6.38% $5,853
Centennial Bank 1 6.75% $4,271
Century Mortgage Company DBA Century Lending Company 1 7.25% $8,332
CHURCHILL MORTGAGE CORPORATION 1 6.75% $4,340
CMG MORTGAGE, INC. 1 5.99% $7,012
Community Bank of Mississippi 1 7.00% $21,120
Consumer First Mortgage, Inc. 1 7.38% $12,890
EVANSVILLE TEACHERS 1 7.88% $4,959
First Horizon Bank 1 5.88% $4,451
Flagstar Bank, FSB 1 7.50% $2,408
Florida Capital Bank 1 7.50% $11,074
GMFS LLC 1 6.50% $1,515
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.50% $6,868
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.50% $5,932
HOMESTAR FINANCIAL CORPORATION 1 6.25% $4,753
INTERLINC MORTGAGE SERVICES, LLC 1 6.88% $7,981
Ixonia Bank 1 8.50% $3,729
LEADERONE FINANCIAL CORPORATION 1 6.50% $12,800
Magnolia Bank 1 7.38% $4,315
Merchants Bank of Indiana 1 6.00% $4,589
Mutual Savings Credit Union 1 5.40% $4,047
NAVY FEDERAL CREDIT UNION 1 8.50% $14,919
Neighborhood Loans, Inc. 1 5.99% $4,205
ON Q FINANCIAL, INC. 1 5.75% $8,780
Raymond James Bank 1 6.13% $5,448
RUOFF MORTGAGE COMPANY, INC. 1 6.63% $1,607
SUMMIT FUNDING, INC. 1 6.25% $11,184
TENNESSEE VALLEY 1 5.35% $4,157
The Huntington National Bank 1 7.13% $3,537
THRIVE MORTGAGE, LLC 1 6.13% $2,252
USAA Federal Savings Bank 1 5.75% $5,507
U.S. Bank 1 6.99% $3,173
Valley National Bank 1 6.50% $3,607

Cullman Average Closing Costs & Other Stats

Cullman, AL's 104 lenders originated 1,711 loans during 2023. The total origination value was $383,965,000, with an average loan value of $224,410.

Cullman's average closing costs are $4,934.

The top Cullman lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 33 loans originated. Their average total fees are $6,151, which is $376 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Cullman lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($1,922), REDSTONE Federal Credit Union ($3,059), Renasant Bank ($4,306), The Loan Store, Inc. ($4,807) and MOVEMENT MORTGAGE, LLC ($5,011).

The lowest rate Cullman lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.15%), SouthPoint Bank (6.06%), Regions Bank (6.34%), MOVEMENT MORTGAGE, LLC (6.49%) and First Federal Bank, A FSB (6.60%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
LENDINGONE, LLC $27,950,000 n/a 7.3%
Traditions Bank $33,885,000 $21,410,000 -36.8% 5.6%
UNITED WHOLESALE MORTGAGE, LLC $13,455,000 $20,255,000 50.5% 5.3%
QUICKEN LOANS, LLC $28,435,000 $15,980,000 -43.8% 4.2%
GUILD MORTGAGE COMPANY $14,295,000 $9,990,000 -30.1% 2.6%
Regions Bank $18,055,000 $9,615,000 -46.7% 2.5%
Premier Bank of the South $9,750,000 $9,325,000 -4.4% 2.4%
ALL IN $8,245,000 n/a 2.1%
AMERICA'S FIRST $7,700,000 $7,875,000 2.3% 2.1%
SouthPoint Bank $12,650,000 $7,395,000 -41.5% 1.9%
First Federal Bank, A FSB $5,000,000 $7,225,000 44.5% 1.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $9,080,000 $6,805,000 -25.1% 1.8%
Mortgage Research Center, LLC $9,975,000 $6,770,000 -32.1% 1.8%
FirstBank $12,440,000 $6,545,000 -47.4% 1.7%
REDSTONE Federal Credit Union $8,230,000 $6,230,000 -24.3% 1.6%
EAGLE HOME MORTGAGE, LLC $2,105,000 $6,135,000 191.4% 1.6%
Renasant Bank $6,400,000 $6,070,000 -5.2% 1.6%
FREEDOM MORTGAGE CORPORATION $7,455,000 $6,010,000 -19.4% 1.6%
MOVEMENT MORTGAGE, LLC $8,435,000 $5,665,000 -32.8% 1.5%
21ST MORTGAGE CORPORATION $4,220,000 $5,655,000 34.0% 1.5%
BankFirst Financial Services $1,590,000 $5,350,000 236.5% 1.4%
STOCKTON MORTGAGE CORPORATION $2,250,000 $5,325,000 136.7% 1.4%
WALKER & DUNLOP, LLC $5,255,000 n/a 1.4%
Synovus Bank $2,510,000 $5,120,000 104.0% 1.3%
VANDERBILT MORTGAGE AND FINANCE, INC. $5,395,000 $5,070,000 -6.0% 1.3%
EvaBank $2,280,000 $5,030,000 120.6% 1.3%
Gateway First Bank $26,205,000 $4,745,000 -81.9% 1.2%
DHI MORTGAGE COMPANY, LTD. $6,495,000 $4,535,000 -30.2% 1.2%
Peoples Bank of Alabama $2,885,000 $3,985,000 38.1% 1.0%
First National Bank of Pulaski $2,395,000 $3,875,000 61.8% 1.0%
MORTGAGE INVESTORS GROUP, INC. $4,120,000 $3,480,000 -15.5% 0.9%
Pinnacle Bank $1,505,000 $3,300,000 119.3% 0.9%
UNION HOME MORTGAGE CORP. $3,140,000 $3,250,000 3.5% 0.8%
Prosperity Home Mortgage, LLC $1,050,000 $2,910,000 177.1% 0.8%
APCO EMPLOYEES $1,600,000 $2,835,000 77.2% 0.7%
PENNYMAC LOAN SERVICES, LLC $4,175,000 $2,835,000 -32.1% 0.7%
River Bank & Trust $2,020,000 $2,800,000 38.6% 0.7%
PNC Bank $940,000 $2,745,000 192.0% 0.7%
NEWREZ LLC $4,475,000 $2,670,000 -40.3% 0.7%
The Hometown Bank of Alabama $300,000 $2,605,000 768.3% 0.7%
The Loan Store, Inc. $2,515,000 n/a 0.7%
BancorpSouth $6,395,000 $2,325,000 -63.6% 0.6%
LOANDEPOT.COM, LLC $9,440,000 $2,325,000 -75.4% 0.6%
CB&S Bank, Inc. $1,310,000 $2,270,000 73.3% 0.6%
Trustmark National Bank $3,100,000 $2,175,000 -29.8% 0.6%
Citizens Bank $4,110,000 $2,080,000 -49.4% 0.5%
ServisFirst Bank $2,030,000 $2,030,000 0.0% 0.5%
Ameris Bank $2,525,000 $2,020,000 -20.0% 0.5%
GUARANTEED RATE, INC. $1,220,000 $2,015,000 65.2% 0.5%
Listerhill Credit Union $5,460,000 $1,985,000 -63.6% 0.5%
Logan Finance Corporation $1,955,000 n/a 0.5%
Community Bank of Mississippi $1,390,000 $1,920,000 38.1% 0.5%
NAVY FEDERAL CREDIT UNION $3,870,000 $1,760,000 -54.5% 0.5%
JPMorgan Chase Bank $1,195,000 $1,685,000 41.0% 0.4%
TRIAD FINANCIAL SERVICES, INC. $1,560,000 $1,650,000 5.8% 0.4%
Robertson Banking Company $1,635,000 n/a 0.4%
BROKER SOLUTIONS, INC. $3,170,000 $1,620,000 -48.9% 0.4%
CIS Financial Services, Inc. $690,000 $1,510,000 118.8% 0.4%
Bank of America $1,725,000 $1,500,000 -13.0% 0.4%
CARDINAL FINANCIAL $520,000 $1,490,000 186.5% 0.4%
First Horizon Bank $790,000 $1,475,000 86.7% 0.4%
BMO Harris Bank $180,000 $1,445,000 702.8% 0.4%
ACIPCO Federal Credit Union $1,025,000 $1,415,000 38.0% 0.4%
Wells Fargo Bank $4,965,000 $1,400,000 -71.8% 0.4%
Consumer First Mortgage, Inc. $695,000 $1,355,000 95.0% 0.4%
The First National Bank of Middle Tennessee $1,325,000 n/a 0.3%
Mr. Cooper ( Nationstar Mortgage ) $1,765,000 $1,260,000 -28.6% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $2,520,000 $1,245,000 -50.6% 0.3%
EVANSVILLE TEACHERS $275,000 $1,235,000 349.1% 0.3%
Merchants Bank of Indiana $1,225,000 n/a 0.3%
USAA Federal Savings Bank $1,735,000 $1,220,000 -29.7% 0.3%
Citizens Bank & Trust $5,535,000 $1,210,000 -78.1% 0.3%
FIRST COMMUNITY MORTGAGE, INC. $2,825,000 $1,190,000 -57.9% 0.3%
Hamilton Mortgage Corporation $470,000 $1,115,000 137.2% 0.3%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $1,075,000 n/a 0.3%
NEW DAY FINANCIAL, LLC $1,300,000 $1,040,000 -20.0% 0.3%
Plains Commerce Bank $1,015,000 n/a 0.3%
LEADERONE FINANCIAL CORPORATION $380,000 $995,000 161.8% 0.3%
Paramount Residential Mortgage Group, Inc. $890,000 $980,000 10.1% 0.3%
Bank Independent $530,000 $935,000 76.4% 0.2%
Hometown Equity Mortgage, LLC $315,000 $930,000 195.2% 0.2%
ON Q FINANCIAL, INC. $185,000 $925,000 400.0% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $115,000 $910,000 691.3% 0.2%
Family Security Credit Union $1,145,000 $900,000 -21.4% 0.2%
United Community Bank $425,000 $895,000 110.6% 0.2%
Southern Bank $670,000 $875,000 30.6% 0.2%
GMFS LLC $1,650,000 $830,000 -49.7% 0.2%
AMERISAVE MORTGAGE CORPORATION $2,335,000 $805,000 -65.5% 0.2%
Victorian Finance, LLC $780,000 n/a 0.2%
TJC Mortgage, Inc. $2,550,000 $765,000 -70.0% 0.2%
Carrington Mortgage Services, LLC $290,000 $710,000 144.8% 0.2%
Raymond James Bank $695,000 n/a 0.2%
SOUTHWEST STAGE FUNDING, LLC $690,000 $680,000 -1.4% 0.2%
ACOPIA, LLC $530,000 $635,000 19.8% 0.2%
RELIANCE FIRST CAPITAL, LLC $175,000 $625,000 257.1% 0.2%
CSL Financial, LLC $1,225,000 $620,000 -49.4% 0.2%
First Financial Bank $205,000 $615,000 200.0% 0.2%
ALABAMA CREDIT UNION $1,505,000 $605,000 -59.8% 0.2%
Century Mortgage Company DBA Century Lending Company $565,000 n/a 0.1%
Flagstar Bank, FSB $3,615,000 $560,000 -84.5% 0.1%
PLANET HOME LENDING, LLC $605,000 $535,000 -11.6% 0.1%
Discover Bank $140,000 $525,000 275.0% 0.1%
Centennial Bank $265,000 $495,000 86.8% 0.1%
Independent Bank $470,000 n/a 0.1%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $455,000 n/a 0.1%
Assurance Financial Group, L.L.C. $855,000 $450,000 -47.4% 0.1%
CMG MORTGAGE, INC. $615,000 $450,000 -26.8% 0.1%
American Mortgage & Equity Consultants, Inc. $445,000 n/a 0.1%
NFM, INC. $445,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $1,265,000 $425,000 -66.4% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $1,095,000 $410,000 -62.6% 0.1%
Valley National Bank $205,000 $410,000 100.0% 0.1%
b1BANK $405,000 n/a 0.1%
Nations Lending Corporation $400,000 n/a 0.1%
Alabama One Credit Union $370,000 $395,000 6.8% 0.1%
The Huntington National Bank $395,000 n/a 0.1%
SUMMIT FUNDING, INC. $385,000 n/a 0.1%
S1L, Inc. $380,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $225,000 $380,000 68.9% 0.1%
Barrington Bank & Trust Company, N.A. $1,145,000 $375,000 -67.2% 0.1%
Ixonia Bank $365,000 n/a 0.1%
FIRST CONTINENTAL MORTGAGE, LTD. $355,000 n/a 0.1%
ALABAMA TEACHERS $350,000 n/a 0.1%
The Federal Savings Bank $810,000 $350,000 -56.8% 0.1%
COUNTRYPLACE MORTGAGE, LTD. $745,000 $330,000 -55.7% 0.1%
First Southern Bank $325,000 n/a 0.1%
ISERVE RESIDENTIAL LENDING, LLC $395,000 $325,000 -17.7% 0.1%
Florida Capital Bank $315,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $340,000 $315,000 -7.4% 0.1%
BNC National Bank $305,000 n/a 0.1%
Bryant Bank $2,515,000 $295,000 -88.3% 0.1%
South State Bank $1,260,000 $295,000 -76.6% 0.1%
Lincoln Savings Bank $290,000 n/a 0.1%
CANOPY MORTGAGE, LLC $285,000 n/a 0.1%
Bank of England $280,000 n/a 0.1%
U.S. Bank $1,610,000 $280,000 -82.6% 0.1%
INTERLINC MORTGAGE SERVICES, LLC $765,000 $275,000 -64.1% 0.1%
NEXERA HOLDING LLC $275,000 n/a 0.1%
Figure Lending LLC $405,000 $270,000 -33.3% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $800,000 $265,000 -66.9% 0.1%
AlaTrust Credit Union $205,000 $245,000 19.5% 0.1%
AVADIAN $405,000 $245,000 -39.5% 0.1%
CORNERSTONE HOME LENDING, INC. $245,000 n/a 0.1%
First Federal Bank $245,000 n/a 0.1%
Mutual Savings Credit Union $245,000 n/a 0.1%
NBKC BANK $245,000 n/a 0.1%
TENNESSEE VALLEY $245,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $230,000 n/a 0.1%
HOMESTAR FINANCIAL CORPORATION $225,000 n/a 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,105,000 $215,000 -80.5% 0.1%
EMM LOANS LLC $215,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $1,195,000 $205,000 -82.8% 0.1%
MILEND, INC. $205,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $195,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $105,000 $190,000 81.0% 0.0%
RUOFF MORTGAGE COMPANY, INC. $250,000 $185,000 -26.0% 0.0%
THRIVE MORTGAGE, LLC $185,000 n/a 0.0%
SOUTH CENTRAL BANK, INC. $95,000 $180,000 89.5% 0.0%
Equity Prime Mortgage LLC $175,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $165,000 n/a 0.0%
Pen Air Federal Credit Union $165,000 n/a 0.0%
HOMEOWNERS FINANCIAL GROUP USA, LLC $165,000 $155,000 -6.1% 0.0%
Liberty Bank $155,000 n/a 0.0%
Magnolia Bank $155,000 n/a 0.0%
SECURITYNATIONAL MORTGAGE COMPANY $495,000 $155,000 -68.7% 0.0%
State Department Federal Credit Union $155,000 n/a 0.0%
TOTAL MORTGAGE SERVICES, LLC $155,000 n/a 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $145,000 n/a 0.0%
LAKEVIEW LOAN SERVICING, LLC $1,070,000 $145,000 -86.4% 0.0%
TOWNE MORTGAGE COMPANY $145,000 n/a 0.0%
Neighborhood Loans, Inc. $135,000 n/a 0.0%
1ST SIGNATURE LENDING, LLC $125,000 n/a 0.0%
AmeriHome Mortgage Company, LLC $620,000 $125,000 -79.8% 0.0%
MICHIGAN MUTUAL, INC. $240,000 $115,000 -52.1% 0.0%
SUN WEST MORTGAGE COMPANY, INC. $185,000 $115,000 -37.8% 0.0%
EVERETT FINANCIAL, INC. $105,000 n/a 0.0%
OPEN MORTGAGE, LLC $85,000 n/a 0.0%
Coastal Community Bank $75,000 n/a 0.0%
Eco Credit Union $525,000 $55,000 -89.5% 0.0%
Truist $975,000 $55,000 -94.4% 0.0%
First South Farm Credit, ACA $45,000 n/a 0.0%
SPRING EQ, LLC $250,000 $35,000 -86.0% 0.0%

Cullman's top lender by overall market share is LENDINGONE, LLC, with 7.3% market share. In second place, with 5.6%, is Traditions Bank, having originated $21,410,000 in loans. In third place, with 5.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $20,255,000 in loans. In fourth place, with 4.2%, is QUICKEN LOANS, LLC, having originated $15,980,000 in loans. In fifth place, with 2.6%, is GUILD MORTGAGE COMPANY, having originated $9,990,000 in loans.

Cullman, AL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,115 $260,085,000 $233,260
Cash Out Refi 205 $62,825,000 $306,463
Refi 179 $40,175,000 $224,441
Other 116 $11,760,000 $101,379
Home Improvement 96 $9,120,000 $95,000

Cullman's most frequently cited loan purpose was Home Purchase, with 1,115 originations. The 2nd most popular reason was Cash Out Refi, with 205 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 456 $135,030,000 $296,118
7-8% 312 $70,060,000 $224,551
Over 8% 309 $48,195,000 $155,971
5-6% 250 $64,760,000 $259,040
4-5% 62 $11,900,000 $191,935
3-4% 8 $960,000 $120,000
<2.5% 7 $1,695,000 $242,143
2.5-3% 5 $865,000 $173,000

During 2023, Cullman's most frequently originated rate bucket was 6-7%, with 456 originations.

Loan Sizing (Cullman, AL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 605 $91,175,000 $150,702
$200k-400k 538 $144,880,000 $269,294
$100,000 or less 422 $23,940,000 $56,730
$400k-600k 98 $46,110,000 $470,510
$600k-1000k 27 $19,905,000 $737,222
$Over $1MM 21 $57,955,000 $2,759,762

Cullman's loan sizing saw the bucket of loans from $100k-200k with 605 originations, totaling $91,175,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 719 $169,215,000 $235,348
60-80% 267 $74,035,000 $277,285
Under 20% 132 $6,590,000 $49,924
40-60% 128 $26,050,000 $203,516
20-40% 111 $18,195,000 $163,919
Over 100% 40 $38,160,000 $954,000

Cullman's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 719 originations, totaling $169,215,000 in origination value.