Cullowhee Mortgage Rates & Closing Costs

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

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Cullowhee, NC.

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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
STATE EMPLOYEES' 129 3.75% $4,459
QUICKEN LOANS, LLC 53 4.79% $7,813
First-Citizens Bank & Trust Company 38 4.29% $7,243
HOMESTAR FINANCIAL CORPORATION 37 5.12% $5,416
United Community Bank 30 4.93% $6,134
MOVEMENT MORTGAGE, LLC 24 4.99% $7,379
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 17 4.77% $6,748
Wells Fargo Bank 17 4.21% $4,726
Champion Credit Union 16 4.66% $8,303
JPMorgan Chase Bank 14 3.86% $5,806
South State Bank 14 4.19% $9,556
Morgan Stanley Private Bank 14 3.81% $5,090
Bank of America 11 3.53% $6,130
UNITED WHOLESALE MORTGAGE, LLC 11 4.57% $8,747
BETTER MORTGAGE CORPORATION 10 3.91% $4,844
GUARANTEED RATE, INC. 8 4.68% $10,184
First Horizon Bank 8 3.69% $9,643
NAVY FEDERAL CREDIT UNION 8 5.09% $5,761
LOANDEPOT.COM, LLC 8 4.58% $5,155
U.S. Bank 7 3.80% $9,334
Mr. Cooper ( Nationstar Mortgage ) 7 4.98% $11,026
Renasant Bank 7 4.16% $6,054
Regions Bank 7 4.20% $10,567
PENNYMAC LOAN SERVICES, LLC 7 4.68% $7,084
Ameris Bank 6 4.25% $11,643
AgFirst Farm Credit Bank 6 4.00% $6,676
TD Bank 6 3.73% $13,663
LOCAL GOVERNMENT FEDERAL CREDIT UNION 5 4.23% $4,488
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 4.39% $4,351
Citizens Bank 5 4.15% $5,907
Pinnacle Bank 5 4.15% $5,360
BROKER SOLUTIONS, INC. 5 4.42% $7,287
First Reliance Bank 5 6.38% $9,123
FREEDOM MORTGAGE CORPORATION 5 4.62% $4,691
Stifel Bank and Trust 5 2.73% $3,681
KELLER MORTGAGE, LLC 5 4.63% $6,857
GoPrime Mortgage, Inc. 4 5.00% $6,540
CALIBER HOME LOANS, INC. 4 4.78% $7,174
FAIR WAY LENDING LLC 4 6.81% $8,136
AMERISAVE MORTGAGE CORPORATION 4 4.62% $9,357
MUTUAL OF OMAHA MORTGAGE, INC. 3 5.46% $7,160
AmeriHome Mortgage Company, LLC 3 5.96% $6,954
CROSSCOUNTRY MORTGAGE, LLC 3 5.81% $7,279
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 4.33% $7,036
Community First Bank, Inc. 3 4.69% $4,472
Flagstar Bank, FSB 3 4.94% $4,251
Fifth Third Bank 3 5.66% $8,808
UBS Bank USA 3 3.21% $9,530
Truist 3 4.53% $5,324
PNC Bank 3 4.38% $7,874
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 4.71% $6,936
SUCCESS MORTGAGE PARTNERS, INC. 3 5.46% $7,705
RADIUS FINANCIAL GROUP INC. 3 5.38% $4,865
Northpointe Bank 3 5.29% $7,163
Raymond James Bank 3 3.17% $4,203
NexBank 3 6.17% $7,653
FBC MORTGAGE, LLC 3 4.96% $10,506
Wyndham Capital Mortgage, Inc. 2 4.37% $7,088
LAKE MICHIGAN CREDIT UNION 2 4.00% $5,565
FINANCE OF AMERICA MORTGAGE LLC 2 6.93% $8,299
NEWREZ LLC 2 6.43% $5,851
Alcova Mortgage LLC 2 5.19% $4,647
First Heritage Mortgage, LLC 2 4.63% $8,842
BNY Mellon 2 2.81% $10,146
RELIANCE FIRST CAPITAL, LLC 2 5.31% $5,977
First National Bank of Pennsylvania 2 3.69% $10,022
First Republic Bank 2 3.10% $6,176
ANGEL OAK MORTGAGE SOLUTIONS LLC 2 7.31% $7,406
Synovus Bank 2 4.25% $4,308
THE MORTGAGE FIRM, INC. 2 4.94% $5,502
Capital City Home Loans, LLC 2 3.88% $12,769
TOTAL MORTGAGE SERVICES, LLC 2 5.94% $10,803
UNION HOME MORTGAGE CORP. 2 4.38% $5,394
CARDINAL FINANCIAL 2 5.25% $7,312
Hancock Whitney Bank 2 3.06% $7,355
Charles Schwab Bank, SSB 2 3.81% $4,023
HOMESIDE FINANCIAL, LLC 2 5.25% $8,359
HomeTrust Bank 2 5.50% $6,051
The Central Trust Bank 1 4.63% $5,460
The Park National Bank 1 5.25% $4,064
TruHome Solutions, LLC 1 4.50% $5,393
UNITED 1 6.75% $4,491
Uwharrie Bank 1 5.88% $3,903
Valley National Bank 1 5.50% $10,538
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.75% $6,070
VAN DYK MORTGAGE CORPORATION 1 5.25% $8,268
Waterstone Mortgage Corporation 1 4.50% $3,266
WesBanco 1 4.88% $25,675
WNC Community Credit Union 1 3.75% $1,881
Mortgage Research Center, LLC 1 5.99% $0
Allen Tate Mortgage Partners, LLC 1 3.50% $4,633
ALLIED MORTGAGE GROUP, INC. 1 7.63% $15,926
AMERICAN FINANCING CORPORATION 1 3.63% $4,522
AMERICAN INTERNET MORTGAGE, INC. 1 2.88% $23,664
American Security Mortgage Corp. 1 3.25% $3,037
ANGEL OAK HOME LOANS LLC 1 3.88% $5,870
Armed Forces Bank 1 3.38% $2,604
Arvest Bank 1 3.50% $10,192
ASSEMBLIES OF GOD Credit Union 1 4.25% $8,938
Atlantic Coast Mortgage, LLC 1 3.63% $5,019
Austin Bank, Texas 1 5.25% $9,741
BancorpSouth 1 3.13% $11,600
BANKSOUTH MORTGAGE COMPANY, LLC 1 6.13% $12,936
BAY EQUITY LLC 1 6.13% $5,768
BAYSHORE MORTGAGE FUNDING, LLC 1 5.13% $7,671
BMO Harris Bank 1 3.63% $4,625
CALCON MUTUAL MORTGAGE LLC 1 6.63% $7,782
CHAMPIONS MORTGAGE LLC 1 8.13% $6,395
CHERRY CREEK MORTGAGE, LLC 1 5.25% $728
CHEVRON 1 5.13% $4,959
CIBC Bank USA 1 2.88% $7,277
Citibank 1 4.75% $5,990
City National Bank 1 4.65% $6,721
City National Bank of Florida 1 3.75% $3,815
CMG MORTGAGE, INC. 1 7.49% $13,573
COASTAL Federal Credit Union 1 4.38% $4,767
Countybank 1 5.37% $4,397
Deere Employees Credit Union 1 3.00% $2,292
DIGITAL Federal Credit Union 1 3.50% $4,255
Dollar Bank, Federal Savings Bank 1 3.25% $6,634
DRAPER AND KRAMER MORTGAGE CORP. 1 5.13% $5,287
EMM LOANS LLC 1 5.00% $8,914
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 5.75% $5,655
FEDEX EMPLOYEES CREDIT ASSOCIATION 1 6.50% $4,509
FineMark National Bank & Trust 1 6.13% $5,907
First American Bank and Trust Company 1 4.13% $4,228
First Bank 1 5.63% $6,197
FirstBank 1 3.75% $3,174
FIRST COMMUNITY MORTGAGE, INC. 1 5.88% $5,101
First Guaranty Mortgage Corporation 1 3.75% $3,996
First Home Bank 1 4.25% $3,835
FIRST HOME MORTGAGE CORPORATION 1 4.99% $7,442
First Western Bank & Trust 1 3.00% $4,982
GENEVA FINANCIAL, LLC 1 5.88% $9,935
GMFS LLC 1 3.25% $2,987
Greenbox Loans, Inc. 1 6.88% $18,880
GSF Mortgage Corporation 1 5.88% $3,986
GUARANTY HOME MORTGAGE CORPORATION 1 6.38% $6,801
GUILD MORTGAGE COMPANY 1 5.99% $17,258
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.50% $6,092
HOME POINT FINANCIAL CORPORATION 1 4.50% $8,588
LADERA LENDING, INC. 1 3.50% $6,478
LAKEVIEW LOAN SERVICING, LLC 1 3.63% $1,775
LOANPAL, LLC 1 3.63% $9,320
Luxury Mortgage Corp. 1 5.88% $14,963
Merchants Bank of Indiana 1 5.50% $3,999
MIDLAND MORTGAGE CORPORATION 1 6.75% $6,081
Mortgage Bank of California 1 6.63% $29,354
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.63% $5,477
Nations Lending Corporation 1 3.88% $6,531
Nicolet National Bank 1 6.00% $5,771
NJ LENDERS CORP. 1 2.63% $2,818
North American Savings Bank, F.S.B. 1 6.50% $10,580
North State Bank 1 3.25% $3,942
Old National Bank 1 3.63% $3,789
PENTAGON FEDERAL CREDIT UNION 1 5.75% $4,066
Prosperity Home Mortgage, LLC 1 7.00% $6,437
RUOFF MORTGAGE COMPANY, INC. 1 3.88% $2,215
S1L, Inc. 1 4.75% $18,439
SeaTrust Mortgage Company 1 3.75% $4,841
SHARONVIEW FEDERAL CREDIT UNION 1 5.00% $9,705
SmartBank 1 3.50% $3,814
SOFI LENDING CORP. 1 3.63% $12,314
Southeast Financial Credit Union 1 4.63% $3,751
SOUTHERN TRUST MORTGAGE, LLC 1 5.88% $8,365
Suncoast Credit Union 1 3.00% $2,147
TENNESSEE VALLEY 1 5.38% $9,247

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.