Cullowhee Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Cullowhee averaged
6.66%
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
6.6% and
one month ago for the week of 2023-08-10, the
average rate was 6.24%.
Cullowhee's average rate one year ago was 5.37%.
For refis of the same type during the week of 2023-09-14, the average rate
was 5.51%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Cullowhee 30 Year Fixed Rate | 2023-09-14 | 6.66% |
| Cullowhee 30 Year Fixed Rate Refi | 2023-09-14 | 5.51% |
| Cullowhee 15 Year Fixed Rate | 2023-09-14 | 6.61% |
| Cullowhee 15 Year Fixed Rate Refi | 2023-09-14 | 6.71% |
| Cullowhee 30 Year FHA | 2023-09-14 | 6.79% |
| Cullowhee 30 Year FHA Refi | 2023-09-14 | 7.09% |
| Cullowhee 30 Year USDA | 2023-09-14 | 7.08% |
| Cullowhee 30 Year USDA Refi | 2023-09-14 | 6.78% |
| Cullowhee 30 Year VA | 2023-09-14 | 6.71% |
| Cullowhee 30 Year VA Refi | 2023-09-14 | 7.01% |
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 167 lenders originated 1,535
loans during 2022. The total origination value was $580,345,000, with an average loan value of
$378,075.
Cullowhee's average closing costs are $5,098.
The top Cullowhee lender as defined by loan originations is STATE EMPLOYEES', with
129 loans originated. Their average total fees are
$4,459, which is $3,354
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Cullowhee lenders (with over 10 loans originated) are
STATE EMPLOYEES' ($4,459), Wells Fargo Bank ($4,726), BETTER MORTGAGE CORPORATION ($4,844), Morgan Stanley Private Bank ($5,090) and HOMESTAR FINANCIAL CORPORATION ($5,416).
The lowest rate Cullowhee lenders (with over 10 loans originated) are
Bank of America (3.53%), STATE EMPLOYEES' (3.75%), Morgan Stanley Private Bank (3.81%), JPMorgan Chase Bank (3.86%) and BETTER MORTGAGE CORPORATION (3.91%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| STATE EMPLOYEES' | $60,870,000 | $52,105,000 | -14.4% | 9.0% |
| United Community Bank | $39,080,000 | $39,230,000 | 0.4% | 6.8% |
| First-Citizens Bank & Trust Company | $34,940,000 | $36,400,000 | 4.2% | 6.3% |
| QUICKEN LOANS, LLC | $49,560,000 | $19,725,000 | -60.2% | 3.4% |
| Bank of America | $19,075,000 | $17,240,000 | -9.6% | 3.0% |
| Morgan Stanley Private Bank | $13,475,000 | $16,165,000 | 20.0% | 2.8% |
| MOVEMENT MORTGAGE, LLC | $14,885,000 | $14,410,000 | -3.2% | 2.5% |
| South State Bank | $11,550,000 | $14,330,000 | 24.1% | 2.5% |
| Truist | $24,675,000 | $14,160,000 | -42.6% | 2.4% |
| HOMESTAR FINANCIAL CORPORATION | $20,910,000 | $13,945,000 | -33.3% | 2.4% |
| JPMorgan Chase Bank | $15,175,000 | $12,865,000 | -15.2% | 2.2% |
| Southern First Bank | $5,210,000 | $10,750,000 | 106.3% | 1.9% |
| Regions Bank | $18,985,000 | $9,890,000 | -47.9% | 1.7% |
| U.S. Bank | $16,665,000 | $9,845,000 | -40.9% | 1.7% |
| PNC Bank | $4,330,000 | $8,520,000 | 96.8% | 1.5% |
| First Horizon Bank | $6,155,000 | $8,515,000 | 38.3% | 1.5% |
| BNY Mellon | $3,510,000 | $8,450,000 | 140.7% | 1.5% |
| Wells Fargo Bank | $23,960,000 | $8,400,000 | -64.9% | 1.4% |
| Planters Bank, Inc. | $7,805,000 | n/a | 1.3% | |
| UNITED WHOLESALE MORTGAGE, LLC | $10,010,000 | $7,495,000 | -25.1% | 1.3% |
| Ameris Bank | $7,325,000 | $7,390,000 | 0.9% | 1.3% |
| GUARANTEED RATE, INC. | $2,970,000 | $6,740,000 | 126.9% | 1.2% |
| UBS Bank USA | $5,860,000 | $6,685,000 | 14.1% | 1.2% |
| LOANDEPOT.COM, LLC | $10,255,000 | $6,085,000 | -40.7% | 1.0% |
| Stifel Bank and Trust | $2,445,000 | $5,750,000 | 135.2% | 1.0% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $17,345,000 | $5,745,000 | -66.9% | 1.0% |
| TD Bank | $5,515,000 | $5,345,000 | -3.1% | 0.9% |
| Fifth Third Bank | $3,440,000 | $5,315,000 | 54.5% | 0.9% |
| Pinnacle Bank | $7,320,000 | $5,040,000 | -31.1% | 0.9% |
| Guaranty Bank and Trust Company | $3,515,000 | $4,605,000 | 31.0% | 0.8% |
| Champion Credit Union | $6,120,000 | $4,330,000 | -29.2% | 0.7% |
| AgFirst Farm Credit Bank | $5,495,000 | $4,315,000 | -21.5% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $6,010,000 | $4,280,000 | -28.8% | 0.7% |
| First National Bank of Pennsylvania | $4,350,000 | $3,845,000 | -11.6% | 0.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,545,000 | $3,685,000 | -33.5% | 0.6% |
| HomeTrust Bank | $5,870,000 | $3,640,000 | -38.0% | 0.6% |
| Renasant Bank | $9,000,000 | $3,640,000 | -59.6% | 0.6% |
| Synovus Bank | $4,825,000 | $3,620,000 | -25.0% | 0.6% |
| BETTER MORTGAGE CORPORATION | $4,860,000 | $3,315,000 | -31.8% | 0.6% |
| ServisFirst Bank | $1,100,000 | $3,170,000 | 188.2% | 0.5% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $6,080,000 | $3,135,000 | -48.4% | 0.5% |
| Raymond James Bank | $3,130,000 | n/a | 0.5% | |
| Mr. Cooper ( Nationstar Mortgage ) | $4,695,000 | $3,015,000 | -35.8% | 0.5% |
| The Northern Trust Company | $575,000 | $3,005,000 | 422.6% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $5,680,000 | $2,950,000 | -48.1% | 0.5% |
| First Bank | $380,000 | $2,690,000 | 607.9% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $3,465,000 | $2,655,000 | -23.4% | 0.5% |
| Austin Bank, Texas | $2,525,000 | n/a | 0.4% | |
| Mortgage Research Center, LLC | $5,965,000 | $2,445,000 | -59.0% | 0.4% |
| First Reliance Bank | $350,000 | $2,435,000 | 595.7% | 0.4% |
| BROKER SOLUTIONS, INC. | $2,955,000 | $2,205,000 | -25.4% | 0.4% |
| Valley National Bank | $1,130,000 | $2,005,000 | 77.4% | 0.3% |
| CIBC Bank USA | $2,630,000 | $1,975,000 | -24.9% | 0.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $3,035,000 | $1,960,000 | -35.4% | 0.3% |
| Southern States Bank | $1,945,000 | n/a | 0.3% | |
| Hancock Whitney Bank | $1,860,000 | n/a | 0.3% | |
| CROSSCOUNTRY MORTGAGE, LLC | $1,590,000 | $1,855,000 | 16.7% | 0.3% |
| Charles Schwab Bank, SSB | $6,685,000 | $1,810,000 | -72.9% | 0.3% |
| First American Bank and Trust Company | $155,000 | $1,790,000 | 1,054.8% | 0.3% |
| Mortgage Bank of California | $1,765,000 | n/a | 0.3% | |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $4,995,000 | $1,690,000 | -66.2% | 0.3% |
| KELLER MORTGAGE, LLC | $7,470,000 | $1,685,000 | -77.4% | 0.3% |
| Citizens Bank | $6,505,000 | $1,680,000 | -74.2% | 0.3% |
| WNC Community Credit Union | $1,665,000 | n/a | 0.3% | |
| First Republic Bank | $795,000 | $1,580,000 | 98.7% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $1,845,000 | $1,555,000 | -15.7% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,915,000 | $1,545,000 | -47.0% | 0.3% |
| GoPrime Mortgage, Inc. | $210,000 | $1,540,000 | 633.3% | 0.3% |
| FREEDOM MORTGAGE CORPORATION | $5,850,000 | $1,490,000 | -74.5% | 0.3% |
| MID AMERICA MORTGAGE, INC. | $2,650,000 | $1,455,000 | -45.1% | 0.3% |
| CALIBER HOME LOANS, INC. | $2,370,000 | $1,425,000 | -39.9% | 0.2% |
| Wilmington Savings Fund Society, FSB | $1,405,000 | n/a | 0.2% | |
| S1L, Inc. | $1,365,000 | n/a | 0.2% | |
| NexBank | $1,335,000 | n/a | 0.2% | |
| The Federal Savings Bank | $1,330,000 | n/a | 0.2% | |
| FineMark National Bank & Trust | $2,005,000 | $1,320,000 | -34.2% | 0.2% |
| 1ST SIGNATURE LENDING, LLC | $1,310,000 | n/a | 0.2% | |
| Northpointe Bank | $2,015,000 | $1,305,000 | -35.2% | 0.2% |
| ASSEMBLIES OF GOD Credit Union | $1,285,000 | n/a | 0.2% | |
| The Piedmont Bank | $2,105,000 | $1,255,000 | -40.4% | 0.2% |
| FAIR WAY LENDING LLC | $1,070,000 | $1,215,000 | 13.6% | 0.2% |
| RADIUS FINANCIAL GROUP INC. | $1,195,000 | n/a | 0.2% | |
| Trustmark National Bank | $1,175,000 | n/a | 0.2% | |
| Capital City Home Loans, LLC | $2,455,000 | $1,170,000 | -52.3% | 0.2% |
| FBC MORTGAGE, LLC | $995,000 | $1,135,000 | 14.1% | 0.2% |
| BTH Bank | $1,125,000 | n/a | 0.2% | |
| ANGEL OAK HOME LOANS LLC | $2,665,000 | $1,085,000 | -59.3% | 0.2% |
| LAKE MICHIGAN CREDIT UNION | $1,050,000 | n/a | 0.2% | |
| Wyndham Capital Mortgage, Inc. | $1,815,000 | $1,025,000 | -43.5% | 0.2% |
| Carolina Farm Credit, ACA | $1,015,000 | n/a | 0.2% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $1,005,000 | n/a | 0.2% | |
| UNION HOME MORTGAGE CORP. | $1,530,000 | $990,000 | -35.3% | 0.2% |
| AmeriHome Mortgage Company, LLC | $515,000 | $935,000 | 81.6% | 0.2% |
| First Carolina Bank | $935,000 | n/a | 0.2% | |
| Arvest Bank | $885,000 | n/a | 0.2% | |
| TENNESSEE VALLEY | $885,000 | n/a | 0.2% | |
| First Commercial Bank | $865,000 | n/a | 0.1% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $8,650,000 | $855,000 | -90.1% | 0.1% |
| AMERICAN FINANCING CORPORATION | $305,000 | $825,000 | 170.5% | 0.1% |
| BAYSHORE MORTGAGE FUNDING, LLC | $795,000 | $820,000 | 3.1% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $600,000 | $820,000 | 36.7% | 0.1% |
| Atlantic Coast Mortgage, LLC | $135,000 | $805,000 | 496.3% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $2,090,000 | $795,000 | -62.0% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,455,000 | $760,000 | -78.0% | 0.1% |
| Dollar Bank, Federal Savings Bank | $530,000 | $755,000 | 42.5% | 0.1% |
| Prudential Huntoon Paige Associates, LLC | $755,000 | n/a | 0.1% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $690,000 | $745,000 | 8.0% | 0.1% |
| Flagstar Bank, FSB | $1,005,000 | $720,000 | -28.4% | 0.1% |
| BANKSOUTH MORTGAGE COMPANY, LLC | $3,505,000 | $710,000 | -79.7% | 0.1% |
| MidAmerica National Bank | $705,000 | n/a | 0.1% | |
| First Heritage Mortgage, LLC | $690,000 | n/a | 0.1% | |
| First Jackson Bank, Inc. | $685,000 | n/a | 0.1% | |
| Greenbox Loans, Inc. | $675,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,005,000 | $670,000 | -33.3% | 0.1% |
| City National Bank | $655,000 | n/a | 0.1% | |
| SOFI LENDING CORP. | $355,000 | $645,000 | 81.7% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $155,000 | $640,000 | 312.9% | 0.1% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $635,000 | n/a | 0.1% | |
| WesBanco Bank, Inc. | $625,000 | n/a | 0.1% | |
| UNITED | $1,905,000 | $615,000 | -67.7% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $605,000 | n/a | 0.1% | |
| The First, A National Banking Association | $605,000 | n/a | 0.1% | |
| Community First Bank, Inc. | $85,000 | $595,000 | 600.0% | 0.1% |
| LOANPAL, LLC | $380,000 | $590,000 | 55.3% | 0.1% |
| Luxury Mortgage Corp. | $585,000 | n/a | 0.1% | |
| North American Savings Bank, F.S.B. | $545,000 | $585,000 | 7.3% | 0.1% |
| FirstBank | $765,000 | $580,000 | -24.2% | 0.1% |
| Armed Forces Bank | $575,000 | n/a | 0.1% | |
| BancorpSouth Bank | $355,000 | $575,000 | 62.0% | 0.1% |
| Nicolet National Bank | $575,000 | n/a | 0.1% | |
| Citibank | $175,000 | $565,000 | 222.9% | 0.1% |
| Georgia Banking Company | $565,000 | n/a | 0.1% | |
| American Security Mortgage Corp. | $2,530,000 | $560,000 | -77.9% | 0.1% |
| TOTAL MORTGAGE SERVICES, LLC | $560,000 | n/a | 0.1% | |
| Countybank | $75,000 | $555,000 | 640.0% | 0.1% |
| Nations Lending Corporation | $1,795,000 | $555,000 | -69.1% | 0.1% |
| SHARONVIEW FEDERAL CREDIT UNION | $400,000 | $555,000 | 38.8% | 0.1% |
| Southern Bank and Trust Company | $555,000 | n/a | 0.1% | |
| THE MORTGAGE FIRM, INC. | $975,000 | $550,000 | -43.6% | 0.1% |
| Allen Tate Mortgage Partners, LLC | $530,000 | n/a | 0.1% | |
| CAPITAL CENTER, L.L.C. | $530,000 | n/a | 0.1% | |
| Home Federal Bank Corporation | $525,000 | n/a | 0.1% | |
| BNC National Bank | $1,110,000 | $515,000 | -53.6% | 0.1% |
| ALLIED MORTGAGE GROUP, INC. | $215,000 | $505,000 | 134.9% | 0.1% |
| Alcova Mortgage LLC | $500,000 | n/a | 0.1% | |
| Aurora Financial, LLC | $495,000 | n/a | 0.1% | |
| CMG MORTGAGE, INC. | $550,000 | $480,000 | -12.7% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $255,000 | $475,000 | 86.3% | 0.1% |
| NEWREZ LLC | $2,945,000 | $475,000 | -83.9% | 0.1% |
| GMFS LLC | $415,000 | $465,000 | 12.0% | 0.1% |
| FIRST HOME MORTGAGE CORPORATION | $295,000 | $455,000 | 54.2% | 0.1% |
| Carrington Mortgage Services, LLC | $210,000 | $450,000 | 114.3% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $235,000 | $445,000 | 89.4% | 0.1% |
| SPRING EQ, LLC | $445,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $425,000 | n/a | 0.1% | |
| Home Federal Bank of Tennessee | $415,000 | n/a | 0.1% | |
| NP, Inc. | $930,000 | $415,000 | -55.4% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $1,775,000 | $405,000 | -77.2% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $330,000 | $400,000 | 21.2% | 0.1% |
| EQUITY RESOURCES, INC. | $565,000 | $395,000 | -30.1% | 0.1% |
| GUILD MORTGAGE COMPANY | $385,000 | n/a | 0.1% | |
| The Huntington National Bank | $385,000 | n/a | 0.1% | |
| The Park National Bank | $425,000 | $385,000 | -9.4% | 0.1% |
| Uwharrie Bank | $295,000 | $380,000 | 28.8% | 0.1% |
| American National Bank and Trust Company | $65,000 | $375,000 | 476.9% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $370,000 | n/a | 0.1% | |
| BMO Harris Bank | $975,000 | $365,000 | -62.6% | 0.1% |
| SOUTHERN TRUST MORTGAGE, LLC | $365,000 | n/a | 0.1% | |
| Black Hills Community Bank | $355,000 | n/a | 0.1% | |
| First Guaranty Mortgage Corporation | $665,000 | $355,000 | -46.6% | 0.1% |
| NEW DAY FINANCIAL, LLC | $2,925,000 | $355,000 | -87.9% | 0.1% |
| COASTAL Federal Credit Union | $1,720,000 | $350,000 | -79.7% | 0.1% |
| First Internet Bank of Indiana | $185,000 | $350,000 | 89.2% | 0.1% |
| CHEVRON | $345,000 | n/a | 0.1% | |
| Southeast Financial Credit Union | $315,000 | n/a | 0.1% | |
| The Central Trust Bank | $405,000 | $315,000 | -22.2% | 0.1% |
| Towne Mortgage of the Carolinas, LLC | $315,000 | n/a | 0.1% | |
| City National Bank of Florida | $755,000 | $305,000 | -59.6% | 0.1% |
| EMM LOANS LLC | $305,000 | n/a | 0.1% | |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $305,000 | n/a | 0.1% | |
| Merchants Bank of Indiana | $305,000 | n/a | 0.1% | |
| MORTGAGE INVESTORS GROUP, INC. | $305,000 | n/a | 0.1% | |
| NJ LENDERS CORP. | $305,000 | n/a | 0.1% | |
| Old National Bank | $205,000 | $295,000 | 43.9% | 0.1% |
| TruHome Solutions, LLC | $295,000 | n/a | 0.1% | |
| VAN DYK MORTGAGE CORPORATION | $295,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $855,000 | $285,000 | -66.7% | 0.0% |
| HANCOCK MORTGAGE PARTNERS, LLC | $285,000 | n/a | 0.0% | |
| North State Bank | $1,210,000 | $285,000 | -76.4% | 0.0% |
| MIDFLORIDA | $275,000 | n/a | 0.0% | |
| MIDLAND MORTGAGE CORPORATION | $275,000 | n/a | 0.0% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $275,000 | n/a | 0.0% | |
| ALABAMA TEACHERS | $265,000 | n/a | 0.0% | |
| Figure Lending LLC | $255,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $105,000 | $235,000 | 123.8% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $235,000 | n/a | 0.0% | |
| GSF Mortgage Corporation | $235,000 | n/a | 0.0% | |
| CHERRY CREEK MORTGAGE, LLC | $225,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $590,000 | $225,000 | -61.9% | 0.0% |
| DIGITAL Federal Credit Union | $205,000 | n/a | 0.0% | |
| First Home Bank | $1,460,000 | $205,000 | -86.0% | 0.0% |
| First Western Bank & Trust | $205,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $740,000 | $205,000 | -72.3% | 0.0% |
| Northwest Bank | $205,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $250,000 | $205,000 | -18.0% | 0.0% |
| TOWER | $205,000 | n/a | 0.0% | |
| UMB Bank | $205,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $430,000 | $195,000 | -54.7% | 0.0% |
| Deere Employees Credit Union | $195,000 | n/a | 0.0% | |
| GUARANTY HOME MORTGAGE CORPORATION | $195,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $195,000 | n/a | 0.0% | |
| CHAMPIONS MORTGAGE LLC | $185,000 | n/a | 0.0% | |
| CIVIC FINANCIAL SERVICES, LLC | $185,000 | n/a | 0.0% | |
| COUNTRYPLACE MORTGAGE, LTD. | $185,000 | n/a | 0.0% | |
| HOME POINT FINANCIAL CORPORATION | $1,555,000 | $185,000 | -88.1% | 0.0% |
| Prosperity Home Mortgage, LLC | $775,000 | $185,000 | -76.1% | 0.0% |
| SeaTrust Mortgage Company | $920,000 | $185,000 | -79.9% | 0.0% |
| SmartBank | $185,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $175,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $175,000 | n/a | 0.0% | |
| Discover Bank | $155,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $125,000 | $145,000 | 16.0% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $145,000 | n/a | 0.0% | |
| Blue Ridge Bank | $145,000 | $135,000 | -6.9% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $195,000 | $135,000 | -30.8% | 0.0% |
| HAMILTON HOME LOANS, INC. | $415,000 | $125,000 | -69.9% | 0.0% |
| Morris Bank | $3,115,000 | $115,000 | -96.3% | 0.0% |
| PHH Mortgage Corporation | $1,265,000 | $115,000 | -90.9% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $115,000 | n/a | 0.0% | |
| BAY EQUITY LLC | $640,000 | $105,000 | -83.6% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $95,000 | n/a | 0.0% | |
| ALL IN | $85,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $95,000 | $85,000 | -10.5% | 0.0% |
| Truliant Federal Credit Union | $675,000 | $75,000 | -88.9% | 0.0% |
| Waterstone Mortgage Corporation | $75,000 | n/a | 0.0% | |
| S. C. TELCO | $65,000 | n/a | 0.0% | |
| AMERICAN ADVISORS GROUP | $205,000 | $25,000 | -87.8% | 0.0% |
| Clearview Federal Credit Union | $25,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $25,000 | n/a | 0.0% | |
| Suncoast Credit Union | $25,000 | n/a | 0.0% | |
| THRIVE MORTGAGE, LLC | $25,000 | n/a | 0.0% |
Cullowhee's top lender by overall market share is STATE EMPLOYEES', with 9.0% market share. In second place, with 6.8%, is United Community Bank, having originated $39,230,000 in loans. In third place, with 6.3%, is First-Citizens Bank & Trust Company, having originated $36,400,000 in loans. In fourth place, with 3.4%, is QUICKEN LOANS, LLC, having originated $19,725,000 in loans. In fifth place, with 3.0%, is Bank of America, having originated $17,240,000 in loans.
Cullowhee, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 793 | $357,565,000 | $450,902 |
| Refi | 283 | $81,375,000 | $287,544 |
| Cash Out Refi | 213 | $66,495,000 | $312,183 |
| Other | 134 | $55,910,000 | $417,239 |
| Home Improvement | 112 | $19,000,000 | $169,643 |
Cullowhee's most frequently cited loan purpose was Home Purchase, with 793 originations. The 2nd most popular reason was Refi, with 283 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 512 | $192,400,000 | $375,781 |
| 4-5% | 303 | $131,315,000 | $433,383 |
| 5-6% | 244 | $82,620,000 | $338,607 |
| 2.5-3% | 210 | $66,600,000 | $317,143 |
| 6-7% | 128 | $38,580,000 | $301,406 |
| <2.5% | 55 | $37,345,000 | $679,000 |
| 7-8% | 42 | $10,380,000 | $247,143 |
| Over 8% | 22 | $4,280,000 | $194,545 |
During 2022, Cullowhee's most frequently originated rate bucket was 3-4%, with 512 originations.
Loan Sizing (Cullowhee, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 564 | $159,870,000 | $283,457 |
| $100k-200k | 386 | $57,540,000 | $149,067 |
| $100,000 or less | 220 | $13,120,000 | $59,636 |
| $400k-600k | 166 | $80,050,000 | $482,229 |
| $Over $1MM | 107 | $202,415,000 | $1,891,729 |
| $600k-1000k | 92 | $67,350,000 | $732,065 |
Cullowhee's loan sizing saw the bucket of loans from $200k-400k with 564 originations, totaling $159,870,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 486 | $187,660,000 | $386,132 |
| 60-80% | 476 | $235,690,000 | $495,147 |
| 40-60% | 232 | $84,720,000 | $365,172 |
| 20-40% | 162 | $37,030,000 | $228,580 |
| Under 20% | 142 | $12,760,000 | $89,859 |
| Over 100% | 12 | $3,300,000 | $275,000 |
Cullowhee's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 486 originations, totaling $187,660,000 in origination value.