Cullman Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Cullman averaged
6.72%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
6.74% and
one month ago for the week of 2024-06-13, the
average rate was 6.8%.
Cullman's average rate one year ago was 7.01%.
For refis of the same type during the week of 2024-07-18, the average rate
was 6.97%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Cullman 30 Year Fixed Rate | 2024-07-18 | 6.72% |
| Cullman 30 Year Fixed Rate Refi | 2024-07-18 | 6.97% |
| Cullman 15 Year Fixed Rate | 2024-07-18 | 5.85% |
| Cullman 15 Year Fixed Rate Refi | 2024-07-18 | 6.35% |
| Cullman 30 Year FHA | 2024-07-18 | 6.47% |
| Cullman 30 Year FHA Refi | 2024-07-18 | 6.59% |
| Cullman 30 Year USDA | 2024-07-18 | 6.53% |
| Cullman 30 Year USDA Refi | 2024-07-18 | 6.73% |
| Cullman 30 Year VA | 2024-07-18 | 6.27% |
| Cullman 30 Year VA Refi | 2024-07-18 | 6.2% |
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 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.