Cullowhee Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Cullowhee averaged
6.7%
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
7.12% and
one month ago for the week of 2024-06-13, the
average rate was 7.18%.
Cullowhee's average rate one year ago was 7.09%.
For refis of the same type during the week of 2024-07-18, the average rate
was 7.07%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Cullowhee 30 Year Fixed Rate | 2024-07-18 | 6.7% |
| Cullowhee 30 Year Fixed Rate Refi | 2024-07-18 | 7.07% |
| Cullowhee 15 Year Fixed Rate | 2024-07-18 | 6.15% |
| Cullowhee 15 Year Fixed Rate Refi | 2024-07-18 | 6.65% |
| Cullowhee 30 Year FHA | 2024-07-18 | 6.59% |
| Cullowhee 30 Year FHA Refi | 2024-07-18 | 6.59% |
| Cullowhee 30 Year USDA | 2024-07-18 | 6.53% |
| Cullowhee 30 Year USDA Refi | 2024-07-18 | 6.53% |
| Cullowhee 30 Year VA | 2024-07-18 | 6.5% |
| Cullowhee 30 Year VA Refi | 2024-07-18 | 6.4% |
Cullowhee 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 Cullowhee, NC 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.).
Cullowhee Average Closing Costs & Other Stats
Cullowhee, NC's 117 lenders originated 995
loans during 2023. The total origination value was $335,335,000, with an average loan value of
$337,020.
Cullowhee's average closing costs are $5,375.
The top Cullowhee lender as defined by loan originations is STATE EMPLOYEES', with
54 loans originated. Their average total fees are
$4,457, which is $3,874
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Cullowhee lenders (with over 10 loans originated) are
STATE EMPLOYEES' ($4,457), Morgan Stanley Private Bank ($5,058), HOMESTAR FINANCIAL CORPORATION ($7,439), United Community Bank ($7,494) and First-Citizens Bank & Trust Company ($7,989).
The lowest rate Cullowhee lenders (with over 10 loans originated) are
Morgan Stanley Private Bank (5.85%), STATE EMPLOYEES' (5.88%), Truist (6.60%), First-Citizens Bank & Trust Company (6.71%) and HOMESTAR FINANCIAL CORPORATION (6.84%).
Cullowhee, NC 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 |
|---|---|---|---|---|
| STATE EMPLOYEES' | $52,105,000 | $24,285,000 | -53.4% | 7.2% |
| First-Citizens Bank & Trust Company | $36,400,000 | $18,805,000 | -48.3% | 5.6% |
| United Community Bank | $39,230,000 | $17,710,000 | -54.9% | 5.3% |
| QUICKEN LOANS, LLC | $19,725,000 | $13,085,000 | -33.7% | 3.9% |
| ServisFirst Bank | $3,170,000 | $10,750,000 | 239.1% | 3.2% |
| HOMESTAR FINANCIAL CORPORATION | $13,945,000 | $9,115,000 | -34.6% | 2.7% |
| JPMorgan Chase Bank | $12,865,000 | $8,315,000 | -35.4% | 2.5% |
| Truist | $14,160,000 | $7,985,000 | -43.6% | 2.4% |
| Morgan Stanley Private Bank | $16,165,000 | $6,935,000 | -57.1% | 2.1% |
| Synovus Bank | $3,620,000 | $6,770,000 | 87.0% | 2.0% |
| Bank of America | $17,240,000 | $6,690,000 | -61.2% | 2.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $7,495,000 | $6,140,000 | -18.1% | 1.8% |
| U.S. Bank | $9,845,000 | $5,920,000 | -39.9% | 1.8% |
| TD Bank | $5,345,000 | $5,810,000 | 8.7% | 1.7% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $5,745,000 | $5,500,000 | -4.3% | 1.6% |
| First Bank | $2,690,000 | $4,865,000 | 80.9% | 1.5% |
| Fifth Third Bank | $5,315,000 | $4,815,000 | -9.4% | 1.4% |
| HomeTrust Bank | $3,640,000 | $4,780,000 | 31.3% | 1.4% |
| South State Bank | $14,330,000 | $4,715,000 | -67.1% | 1.4% |
| Ameris Bank | $7,390,000 | $4,055,000 | -45.1% | 1.2% |
| Raymond James Bank | $3,130,000 | $4,025,000 | 28.6% | 1.2% |
| MOVEMENT MORTGAGE, LLC | $14,410,000 | $3,985,000 | -72.3% | 1.2% |
| First National Bank of Pennsylvania | $3,845,000 | $3,645,000 | -5.2% | 1.1% |
| Wells Fargo Bank | $8,400,000 | $3,610,000 | -57.0% | 1.1% |
| First Horizon Bank | $8,515,000 | $3,500,000 | -58.9% | 1.0% |
| Blue Ridge Bank | $135,000 | $3,395,000 | 2,414.8% | 1.0% |
| BancorpSouth | $575,000 | $3,010,000 | 423.5% | 0.9% |
| SmartBank | $185,000 | $2,855,000 | 1,443.2% | 0.9% |
| AgFirst Farm Credit Bank | $4,315,000 | $2,800,000 | -35.1% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $4,280,000 | $2,755,000 | -35.6% | 0.8% |
| Mortgage Research Center, LLC | $2,445,000 | $2,595,000 | 6.1% | 0.8% |
| CMG MORTGAGE, INC. | $480,000 | $2,480,000 | 416.7% | 0.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,855,000 | $2,475,000 | 33.4% | 0.7% |
| MID AMERICA MORTGAGE, INC. | $1,455,000 | $2,460,000 | 69.1% | 0.7% |
| Champion Credit Union | $4,330,000 | $2,430,000 | -43.9% | 0.7% |
| The North Salem State Bank | $2,405,000 | n/a | 0.7% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,685,000 | $2,380,000 | -35.4% | 0.7% |
| USAA Federal Savings Bank | $2,350,000 | n/a | 0.7% | |
| UBS Bank USA | $6,685,000 | $2,340,000 | -65.0% | 0.7% |
| PNC Bank | $8,520,000 | $2,275,000 | -73.3% | 0.7% |
| Regions Bank | $9,890,000 | $2,195,000 | -77.8% | 0.7% |
| 1ST SIGNATURE LENDING, LLC | $1,310,000 | $1,970,000 | 50.4% | 0.6% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,960,000 | $1,935,000 | -1.3% | 0.6% |
| BNY Mellon | $8,450,000 | $1,880,000 | -77.8% | 0.6% |
| Stock Yards Bank & Trust Company | $1,855,000 | n/a | 0.6% | |
| The Huntington National Bank | $385,000 | $1,855,000 | 381.8% | 0.6% |
| Pinnacle Bank | $5,040,000 | $1,730,000 | -65.7% | 0.5% |
| LOANDEPOT.COM, LLC | $6,085,000 | $1,645,000 | -73.0% | 0.5% |
| Vista Bank | $1,605,000 | n/a | 0.5% | |
| Farmers Bank & Trust | $1,525,000 | n/a | 0.5% | |
| Mr. Cooper ( Nationstar Mortgage ) | $3,015,000 | $1,525,000 | -49.4% | 0.5% |
| PLAZA HOME MORTGAGE, INC. | $1,495,000 | n/a | 0.4% | |
| Capital City Home Loans, LLC | $1,170,000 | $1,490,000 | 27.4% | 0.4% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $475,000 | $1,455,000 | 206.3% | 0.4% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $3,135,000 | $1,415,000 | -54.9% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $2,655,000 | $1,375,000 | -48.2% | 0.4% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $1,340,000 | n/a | 0.4% | |
| DEEPHAVEN MORTGAGE LLC | $1,320,000 | n/a | 0.4% | |
| Centennial Bank | $1,305,000 | n/a | 0.4% | |
| PENNYMAC LOAN SERVICES, LLC | $2,950,000 | $1,305,000 | -55.8% | 0.4% |
| FineMark National Bank & Trust | $1,320,000 | $1,285,000 | -2.7% | 0.4% |
| Community First Bank, Inc. | $595,000 | $1,230,000 | 106.7% | 0.4% |
| BMO Harris Bank | $365,000 | $1,155,000 | 216.4% | 0.3% |
| Renasant Bank | $3,640,000 | $1,145,000 | -68.5% | 0.3% |
| CARDINAL FINANCIAL | $1,690,000 | $1,140,000 | -32.5% | 0.3% |
| Northpointe Bank | $1,305,000 | $1,135,000 | -13.0% | 0.3% |
| GUARANTEED RATE, INC. | $6,740,000 | $1,125,000 | -83.3% | 0.3% |
| GUILD MORTGAGE COMPANY | $385,000 | $1,075,000 | 179.2% | 0.3% |
| COASTAL Federal Credit Union | $350,000 | $1,065,000 | 204.3% | 0.3% |
| CALIBER HOME LOANS, INC. | $1,425,000 | $950,000 | -33.3% | 0.3% |
| 21ST MORTGAGE CORPORATION | $285,000 | $945,000 | 231.6% | 0.3% |
| Prosperity Home Mortgage, LLC | $185,000 | $945,000 | 410.8% | 0.3% |
| FINANCE OF AMERICA REVERSE LLC | $405,000 | $920,000 | 127.2% | 0.3% |
| The Federal Savings Bank | $1,330,000 | $920,000 | -30.8% | 0.3% |
| Citizens Bank | $1,680,000 | $885,000 | -47.3% | 0.3% |
| First Reliance Bank | $2,435,000 | $870,000 | -64.3% | 0.3% |
| Waterstone Mortgage Corporation | $75,000 | $865,000 | 1,053.3% | 0.3% |
| UNITED | $615,000 | $860,000 | 39.8% | 0.3% |
| BROKER SOLUTIONS, INC. | $2,205,000 | $825,000 | -62.6% | 0.2% |
| MORTGAGE FINANCIAL GROUP, INC. | $820,000 | n/a | 0.2% | |
| Discover Bank | $155,000 | $810,000 | 422.6% | 0.2% |
| Truliant Federal Credit Union | $75,000 | $805,000 | 973.3% | 0.2% |
| First Federal Bank | $770,000 | n/a | 0.2% | |
| Southern First Bank | $10,750,000 | $760,000 | -92.9% | 0.2% |
| Valley National Bank | $2,005,000 | $760,000 | -62.1% | 0.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $670,000 | $755,000 | 12.7% | 0.2% |
| Hancock Whitney Bank | $1,860,000 | $755,000 | -59.4% | 0.2% |
| NATIONS DIRECT MORTGAGE, LLC | $735,000 | n/a | 0.2% | |
| ARC HOME LLC | $725,000 | n/a | 0.2% | |
| EMERY FEDERAL CREDIT UNION | $725,000 | n/a | 0.2% | |
| NP, Inc. | $415,000 | $705,000 | 69.9% | 0.2% |
| STOCKTON MORTGAGE CORPORATION | $705,000 | n/a | 0.2% | |
| RADIUS FINANCIAL GROUP INC. | $1,195,000 | $700,000 | -41.4% | 0.2% |
| ENCORE BANK | $695,000 | n/a | 0.2% | |
| VILLAGE CAPITAL MORTGAGE | $665,000 | n/a | 0.2% | |
| American Security Mortgage Corp. | $560,000 | $635,000 | 13.4% | 0.2% |
| CORNING | $615,000 | n/a | 0.2% | |
| MIDFLORIDA | $275,000 | $610,000 | 121.8% | 0.2% |
| FIRST COMMUNITY MORTGAGE, INC. | $235,000 | $595,000 | 153.2% | 0.2% |
| NEW DAY FINANCIAL, LLC | $355,000 | $590,000 | 66.2% | 0.2% |
| AMWEST FUNDING CORP. | $175,000 | $570,000 | 225.7% | 0.2% |
| NEW FED MORTGAGE, CORP. | $570,000 | n/a | 0.2% | |
| FirstBank | $580,000 | $565,000 | -2.6% | 0.2% |
| LAKE MICHIGAN CREDIT UNION | $1,050,000 | $545,000 | -48.1% | 0.2% |
| ZILLOW HOME LOANS, LLC | $545,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,545,000 | $535,000 | -65.4% | 0.2% |
| BAYSHORE MORTGAGE FUNDING, LLC | $820,000 | $515,000 | -37.2% | 0.2% |
| Flagstar Bank, FSB | $720,000 | $510,000 | -29.2% | 0.2% |
| EASTMAN | $505,000 | n/a | 0.2% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $275,000 | $490,000 | 78.2% | 0.1% |
| Stifel Bank and Trust | $5,750,000 | $490,000 | -91.5% | 0.1% |
| FBC MORTGAGE, LLC | $1,135,000 | $485,000 | -57.3% | 0.1% |
| Plains Commerce Bank | $480,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $425,000 | $480,000 | 12.9% | 0.1% |
| NETWORK CAPITAL FUNDING CORPORATION | $475,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $465,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $465,000 | n/a | 0.1% | |
| Integrity Home Mortgage Corp | $460,000 | n/a | 0.1% | |
| S. C. TELCO | $65,000 | $460,000 | 607.7% | 0.1% |
| DELMAR FINANCIAL COMPANY | $435,000 | n/a | 0.1% | |
| Alcova Mortgage LLC | $500,000 | $430,000 | -14.0% | 0.1% |
| Georgia Community Bank | $425,000 | n/a | 0.1% | |
| United Bank | $425,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $760,000 | $420,000 | -44.7% | 0.1% |
| The Central Trust Bank | $315,000 | $415,000 | 31.7% | 0.1% |
| DELTA COMMUNITY CREDIT UNION | $405,000 | n/a | 0.1% | |
| Oconee State Bank | $405,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $405,000 | n/a | 0.1% | |
| The Park National Bank | $385,000 | $405,000 | 5.2% | 0.1% |
| Gulf Coast Bank and Trust Company | $395,000 | n/a | 0.1% | |
| ACOPIA, LLC | $385,000 | n/a | 0.1% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $375,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $370,000 | n/a | 0.1% | |
| KeyBank | $365,000 | n/a | 0.1% | |
| Total Media Management, LLC | $345,000 | n/a | 0.1% | |
| ALABAMA TEACHERS | $265,000 | $335,000 | 26.4% | 0.1% |
| NexBank | $1,335,000 | $335,000 | -74.9% | 0.1% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $325,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $315,000 | n/a | 0.1% | |
| City National Bank | $655,000 | $305,000 | -53.4% | 0.1% |
| NBKC BANK | $305,000 | n/a | 0.1% | |
| OCMBC, INC. | $305,000 | n/a | 0.1% | |
| The Bank of Old Monroe | $305,000 | n/a | 0.1% | |
| West Central Bank | $305,000 | n/a | 0.1% | |
| Colony Bank | $285,000 | n/a | 0.1% | |
| FAIR WAY LENDING LLC | $1,215,000 | $285,000 | -76.5% | 0.1% |
| Kwik Mortgage Corporation | $285,000 | n/a | 0.1% | |
| Nations Lending Corporation | $555,000 | $275,000 | -50.5% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $115,000 | $270,000 | 134.8% | 0.1% |
| COMMUNITY FIRST CREDIT UNION OF FLO | $265,000 | n/a | 0.1% | |
| First United Bank and Trust Company | $265,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $205,000 | $265,000 | 29.3% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $255,000 | n/a | 0.1% | |
| South Atlantic Bank | $255,000 | n/a | 0.1% | |
| Family Trust Federal Credit Union | $245,000 | n/a | 0.1% | |
| Kearny Bank | $245,000 | n/a | 0.1% | |
| Telco Community Credit Union | $230,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $195,000 | $225,000 | 15.4% | 0.1% |
| FIRST TECHNOLOGY | $215,000 | n/a | 0.1% | |
| Mortgage Assurance Inc. | $215,000 | n/a | 0.1% | |
| ALLIANT CREDIT UNION | $235,000 | $205,000 | -12.8% | 0.1% |
| Independent Bank | $205,000 | n/a | 0.1% | |
| THE MORTGAGE FIRM, INC. | $550,000 | $205,000 | -62.7% | 0.1% |
| GUARANTY HOME MORTGAGE CORPORATION | $195,000 | $195,000 | 0.0% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $185,000 | n/a | 0.1% | |
| A&D Mortgage LLC | $175,000 | n/a | 0.1% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $745,000 | $175,000 | -76.5% | 0.1% |
| FIRST FLORIDA Credit Union | $155,000 | n/a | 0.0% | |
| MLD MORTGAGE INC. | $155,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $145,000 | $145,000 | 0.0% | 0.0% |
| MIDLAND MORTGAGE CORPORATION | $275,000 | $145,000 | -47.3% | 0.0% |
| Bank of England | $135,000 | n/a | 0.0% | |
| DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION | $135,000 | n/a | 0.0% | |
| MILEND, INC. | $135,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $115,000 | $135,000 | 17.4% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $125,000 | n/a | 0.0% | |
| LENDINGHOME FUNDING CORPORATION | $95,000 | $125,000 | 31.6% | 0.0% |
| NEWREZ LLC | $475,000 | $125,000 | -73.7% | 0.0% |
| Skyline National Bank | $125,000 | n/a | 0.0% | |
| Sound Bank | $125,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $205,000 | $105,000 | -48.8% | 0.0% |
| SOUTH CAROLINA FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| Figure Lending LLC | $255,000 | $100,000 | -60.8% | 0.0% |
| HONDA Federal Credit Union | $75,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $85,000 | $75,000 | -11.8% | 0.0% |
| Deere Employees Credit Union | $195,000 | $65,000 | -66.7% | 0.0% |
| TOWER | $205,000 | $65,000 | -68.3% | 0.0% |
| American Airlines Federal Credit Union | $55,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $55,000 | n/a | 0.0% | |
| Baxter Credit Union | $25,000 | n/a | 0.0% | |
| EVANSVILLE TEACHERS | $25,000 | n/a | 0.0% |
Cullowhee's top lender by overall market share is STATE EMPLOYEES', with 7.2% market share. In second place, with 5.6%, is First-Citizens Bank & Trust Company, having originated $18,805,000 in loans. In third place, with 5.3%, is United Community Bank, having originated $17,710,000 in loans. In fourth place, with 3.9%, is QUICKEN LOANS, LLC, having originated $13,085,000 in loans. In fifth place, with 3.2%, is ServisFirst Bank, having originated $10,750,000 in loans.
Cullowhee, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 582 | $238,840,000 | $410,378 |
| Home Improvement | 134 | $22,030,000 | $164,403 |
| Other | 104 | $22,440,000 | $215,769 |
| Refi | 103 | $32,505,000 | $315,583 |
| Cash Out Refi | 72 | $19,520,000 | $271,111 |
Cullowhee's most frequently cited loan purpose was Home Purchase, with 582 originations. The 2nd most popular reason was Home Improvement, with 134 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 315 | $123,655,000 | $392,556 |
| 7-8% | 292 | $90,750,000 | $310,788 |
| 5-6% | 154 | $58,900,000 | $382,468 |
| Over 8% | 132 | $37,020,000 | $280,455 |
| 4-5% | 80 | $13,650,000 | $170,625 |
| <2.5% | 4 | $40,000 | $10,000 |
| 3-4% | 3 | $2,135,000 | $711,667 |
During 2023, Cullowhee's most frequently originated rate bucket was 6-7%, with 315 originations.
Loan Sizing (Cullowhee, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 339 | $95,365,000 | $281,313 |
| $100k-200k | 230 | $33,260,000 | $144,609 |
| $100,000 or less | 202 | $11,520,000 | $57,030 |
| $400k-600k | 111 | $53,555,000 | $482,477 |
| $600k-1000k | 67 | $49,055,000 | $732,164 |
| $Over $1MM | 46 | $92,580,000 | $2,012,609 |
Cullowhee's loan sizing saw the bucket of loans from $200k-400k with 339 originations, totaling $95,365,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 280 | $95,890,000 | $342,464 |
| 60-80% | 256 | $125,040,000 | $488,438 |
| Under 20% | 156 | $11,320,000 | $72,564 |
| 40-60% | 146 | $57,130,000 | $391,301 |
| 20-40% | 132 | $27,410,000 | $207,652 |
| Over 100% | 10 | $8,990,000 | $899,000 |
Cullowhee's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 280 originations, totaling $95,890,000 in origination value.