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 7.04% for the week of 2025-07-03, compared to the national average of 6.67% for the same period.

The average rate for the prior week (2025-06-26) was 7.14% and one month ago for the week of 2025-05-29, the average rate was 6.96%.

Cullowhee's average rate one year ago was 7.23%.

For refis of the same type during the week of 2025-07-03, the average rate was 6.57%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-07-03 6.67%
Cullowhee 30 Year Fixed Rate 2025-07-03 7.04%
Cullowhee 30 Year Fixed Rate Refi 2025-07-03 6.57%
Cullowhee 15 Year Fixed Rate 2025-07-03 5.9%
Cullowhee 15 Year Fixed Rate Refi 2025-07-03 6.4%
Cullowhee 30 Year FHA 2025-07-03 -0.1%
Cullowhee 30 Year FHA Refi 2025-07-03 0.1%
Cullowhee 30 Year USDA 2025-07-03 0%
Cullowhee 30 Year USDA Refi 2025-07-03 -0.2%
Cullowhee 30 Year VA 2025-07-03 0%
Cullowhee 30 Year VA Refi 2025-07-03 0%
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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
STATE EMPLOYEES' 50 6.37% $4,832
QUICKEN LOANS, LLC 45 6.76% $8,604
First-Citizens Bank & Trust Company 26 6.78% $7,754
MOVEMENT MORTGAGE, LLC 24 7.17% $8,638
UNION HOME MORTGAGE CORP. 14 7.25% $7,958
UNITED WHOLESALE MORTGAGE, LLC 12 6.51% $11,166
Wells Fargo Bank 11 6.43% $7,930
Truist 9 6.71% $8,124
Morgan Stanley Private Bank 8 6.09% $5,476
Champion Credit Union 8 6.25% $6,551
United Community Bank 8 6.83% $6,846
The Loan Store, Inc. 8 7.25% $8,152
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 8 7.45% $7,852
FIRST COMMUNITY MORTGAGE, INC. 8 6.86% $8,145
Regions Bank 7 6.46% $9,233
HOWARD HANNA FINANCIAL SERVICES, INC. 6 7.19% $8,323
Ameris Bank 6 7.25% $9,973
Bank of America 6 5.96% $5,478
TD Bank 6 6.77% $6,453
HomeTrust Bank 5 6.25% $5,427
PLAZA HOME MORTGAGE, INC. 4 6.31% $5,394
NEWREZ LLC 4 6.87% $6,581
UBS Bank USA 4 6.19% $8,018
JPMorgan Chase Bank 4 6.69% $6,909
Fifth Third Bank 3 6.29% $9,799
First Horizon Bank 3 6.96% $5,128
Synovus Bank 3 6.29% $13,026
GUARANTEED RATE, INC. 3 7.12% $7,336
USAA Federal Savings Bank 3 6.83% $6,873
NP, Inc. 3 8.00% $3,572
LOANDEPOT.COM, LLC 3 6.62% $4,851
GoPrime Mortgage, Inc. 3 6.63% $6,094
CROSSCOUNTRY MORTGAGE, LLC 3 7.57% $10,719
The Huntington National Bank 2 7.75% $10,836
First Bank 2 6.75% $5,247
FAIR WAY LENDING LLC 2 7.19% $7,701
Discover Bank 2 7.17% $0
DEEPHAVEN MORTGAGE LLC 2 7.56% $8,244
UNITED 2 7.18% $4,293
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 7.50% $6,538
HOMESIDE FINANCIAL, LLC 2 7.50% $12,442
Alcova Mortgage LLC 2 7.31% $7,152
First Federal Bank 2 6.13% $5,426
BAY EQUITY LLC 2 7.13% $8,999
Raymond James Bank 2 5.38% $6,280
Renasant Bank 2 6.94% $4,676
RESOURCE FINANCIAL SERVICES, INC. 2 7.19% $7,087
Mortgage Research Center, LLC 2 6.44% $9,618
First Reliance Bank 2 6.56% $4,237
South State Bank 2 6.99% $4,855
Charles Schwab Bank, SSB 2 5.95% $10,803
NAVY FEDERAL CREDIT UNION 2 5.81% $14,472
The Federal Savings Bank 2 6.94% $4,931
NFM, INC. 1 7.13% $11,510
North American Savings Bank, F.S.B. 1 6.62% $5,374
Northpointe Bank 1 7.38% $7,747
ONY GLO, INC. 1 8.00% $16,589
PENNYMAC LOAN SERVICES, LLC 1 7.50% $15,376
Pinnacle Bank 1 7.50% $9,202
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.13% $8,750
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.50% $15,555
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 7.00% $7,299
AmeriHome Mortgage Company, LLC 1 7.63% $5,038
Sierra Pacific Mortgage Company, Inc. 1 7.99% $9,415
SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 7.63% $8,569
Southern First Bank 1 7.00% $5,605
State Department Federal Credit Union 1 6.25% $4,832
American Security Mortgage Corp. 1 6.63% $5,101
STOCKTON MORTGAGE CORPORATION 1 6.13% $19,039
SUN WEST MORTGAGE COMPANY, INC. 1 6.62% $4,903
AgFirst Farm Credit Bank 1 7.75% $5,998
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.50% $11,166
TOTAL MORTGAGE SERVICES, LLC 1 7.63% $7,932
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.63% $12,616
AMERICAN FINANCIAL NETWORK, INC. 1 8.13% $11,047
United Bank 1 7.25% $4,209
AMERICAN FEDERAL MORTGAGE CORPORATION 1 5.75% $3,910
U.S. Bank 1 7.13% $3,869
Uwharrie Bank 1 7.25% $3,174
VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.50% $7,108
BNY Mellon 1 6.38% $6,773
Capital City Home Loans, LLC 1 8.63% $20,677
Citadel Servicing Corporation 1 10.50% $4,796
Citibank 1 7.50% $10,963
CITIZENS EQUITY FIRST 1 6.38% $3,896
City National Bank of Florida 1 7.38% $5,305
CMG MORTGAGE, INC. 1 6.63% $5,275
Coastal Carolina National Bank 1 7.25% $4,072
Countybank 1 6.12% $10,087
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.88% $4,476
EASTMAN 1 6.13% $6,571
Equity Prime Mortgage LLC 1 7.63% $5,629
EQUITY RESOURCES, INC. 1 7.00% $3,490
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.13% $6,776
Farmers Bank & Trust 1 6.50% $3,376
FBC MORTGAGE, LLC 1 7.38% $3,637
BETTER MORTGAGE CORPORATION 1 7.25% $5,170
First Community Bank 1 7.00% $5,016
BAYSHORE MORTGAGE FUNDING, LLC 1 7.63% $7,762
Flagstar Bank, FSB 1 8.88% $18,818
FREEDOM MORTGAGE CORPORATION 1 6.50% $8,009
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.50% $4,230
GUARANTEED RATE AFFINITY, LLC 1 7.25% $7,827
GUILD MORTGAGE COMPANY 1 7.88% $5,677
ACOPIA, LLC 1 7.13% $8,424
LENOX FINANCIAL MORTGAGE CORPORATION 1 5.62% $9,920
MIDFLORIDA 1 7.38% $5,088
BANKSOUTH MORTGAGE COMPANY, LLC 1 6.88% $11,184
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.38% $5,297
NATION ONE MORTGAGE CORPORATION 1 7.63% $9,487
NATIONS DIRECT MORTGAGE, LLC 1 8.13% $6,429
NATIONWIDE MORTGAGE BANKERS, INC. 1 7.13% $3,340
NETWORK CAPITAL FUNDING CORPORATION 1 6.63% $17,998
Network Funding, L.P. 1 6.13% $3,776
NexBank 1 6.25% $13,175

Cullowhee Average Closing Costs & Other Stats

Cullowhee, NC's 115 lenders originated 948 loans during 2024. The total origination value was $349,870,000, with an average loan value of $369,061.

Cullowhee's average closing costs are $5,612.

The top Cullowhee lender as defined by loan originations is STATE EMPLOYEES', with 50 loans originated. Their average total fees are $4,832, which is $3,772 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Cullowhee lenders (with over 10 loans originated) are STATE EMPLOYEES' ($4,832), First-Citizens Bank & Trust Company ($7,754), Wells Fargo Bank ($7,930), UNION HOME MORTGAGE CORP. ($7,958) and QUICKEN LOANS, LLC ($8,604).

The lowest rate Cullowhee lenders (with over 10 loans originated) are STATE EMPLOYEES' (6.37%), Wells Fargo Bank (6.43%), UNITED WHOLESALE MORTGAGE, LLC (6.51%), QUICKEN LOANS, LLC (6.76%) and First-Citizens Bank & Trust Company (6.78%).

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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
STATE EMPLOYEES' $24,285,000 $26,025,000 7.2% 7.4%
First-Citizens Bank & Trust Company $18,805,000 $25,000,000 32.9% 7.1%
QUICKEN LOANS, LLC $13,085,000 $18,855,000 44.1% 5.4%
United Community Bank $17,710,000 $15,855,000 -10.5% 4.5%
MOVEMENT MORTGAGE, LLC $3,985,000 $11,930,000 199.4% 3.4%
UNITED WHOLESALE MORTGAGE, LLC $6,140,000 $9,450,000 53.9% 2.7%
Truist $7,985,000 $9,115,000 14.2% 2.6%
Wells Fargo Bank $3,610,000 $8,970,000 148.5% 2.6%
UBS Bank USA $2,340,000 $8,750,000 273.9% 2.5%
Morgan Stanley Private Bank $6,935,000 $7,590,000 9.4% 2.2%
JPMorgan Chase Bank $8,315,000 $7,290,000 -12.3% 2.1%
Renasant Bank $1,145,000 $7,290,000 536.7% 2.1%
Regions Bank $2,195,000 $6,880,000 213.4% 2.0%
Synovus Bank $6,770,000 $6,185,000 -8.6% 1.8%
Bank of America $6,690,000 $5,990,000 -10.5% 1.7%
TOLLESON PRIVATE BANK $5,505,000 n/a 1.6%
UNION HOME MORTGAGE CORP. $5,500,000 n/a 1.6%
FREEDOM MORTGAGE CORPORATION $5,185,000 n/a 1.5%
LIMA ONE CAPITAL, LLC $465,000 $5,105,000 997.8% 1.5%
Fifth Third Bank $4,815,000 $4,290,000 -10.9% 1.2%
HOWARD HANNA FINANCIAL SERVICES, INC. $1,340,000 $4,260,000 217.9% 1.2%
The First, A National Banking Association $4,010,000 n/a 1.1%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $5,500,000 $3,430,000 -37.6% 1.0%
TD Bank $5,810,000 $3,385,000 -41.7% 1.0%
Ameris Bank $4,055,000 $3,245,000 -20.0% 0.9%
FIRST COMMUNITY MORTGAGE, INC. $595,000 $3,085,000 418.5% 0.9%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,935,000 $3,005,000 55.3% 0.9%
Raymond James Bank $4,025,000 $3,000,000 -25.5% 0.9%
CMG MORTGAGE, INC. $2,480,000 $2,905,000 17.1% 0.8%
NEWREZ LLC $125,000 $2,870,000 2,196.0% 0.8%
Mortgage Research Center, LLC $2,595,000 $2,830,000 9.1% 0.8%
The Loan Store, Inc. $2,685,000 n/a 0.8%
Charles Schwab Bank, SSB $2,670,000 n/a 0.8%
Champion Credit Union $2,430,000 $2,565,000 5.6% 0.7%
MID AMERICA MORTGAGE, INC. $2,460,000 $2,540,000 3.3% 0.7%
AgFirst Farm Credit Bank $2,800,000 $2,530,000 -9.6% 0.7%
The Federal Savings Bank $920,000 $2,205,000 139.7% 0.6%
NAVY FEDERAL CREDIT UNION $2,755,000 $2,130,000 -22.7% 0.6%
USAA Federal Savings Bank $2,350,000 $1,950,000 -17.0% 0.6%
CROSSCOUNTRY MORTGAGE, LLC $2,475,000 $1,880,000 -24.0% 0.5%
PENNYMAC LOAN SERVICES, LLC $1,305,000 $1,795,000 37.5% 0.5%
First Bank $4,865,000 $1,770,000 -63.6% 0.5%
GoPrime Mortgage, Inc. $1,770,000 n/a 0.5%
First American Bank and Trust Company $1,730,000 n/a 0.5%
The Huntington National Bank $1,855,000 $1,685,000 -9.2% 0.5%
HomeTrust Bank $4,780,000 $1,620,000 -66.1% 0.5%
LOANDEPOT.COM, LLC $1,645,000 $1,575,000 -4.3% 0.5%
GUARANTEED RATE, INC. $1,125,000 $1,570,000 39.6% 0.4%
First Horizon Bank $3,500,000 $1,365,000 -61.0% 0.4%
DEEPHAVEN MORTGAGE LLC $1,320,000 $1,335,000 1.1% 0.4%
Southern First Bank $760,000 $1,320,000 73.7% 0.4%
South State Bank $4,715,000 $1,285,000 -72.7% 0.4%
NBKC BANK $305,000 $1,220,000 300.0% 0.3%
FineMark National Bank & Trust $1,285,000 $1,210,000 -5.8% 0.3%
First National Bank of Pennsylvania $3,645,000 $1,200,000 -67.1% 0.3%
GEORGIA'S OWN $1,165,000 n/a 0.3%
BETTER MORTGAGE CORPORATION $1,155,000 n/a 0.3%
Northpointe Bank $1,135,000 $1,155,000 1.8% 0.3%
Capital City Home Loans, LLC $1,490,000 $1,125,000 -24.5% 0.3%
BNY Mellon $1,880,000 $1,065,000 -43.4% 0.3%
Alcova Mortgage LLC $430,000 $1,045,000 143.0% 0.3%
First Carolina Bank $1,045,000 n/a 0.3%
GUARANTEED RATE AFFINITY, LLC $1,015,000 n/a 0.3%
Commercial Bank & Trust Co. $1,005,000 n/a 0.3%
PLAZA HOME MORTGAGE, INC. $1,495,000 $1,000,000 -33.1% 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $420,000 $1,000,000 138.1% 0.3%
NP, Inc. $705,000 $985,000 39.7% 0.3%
AMERICAN FINANCIAL RESOURCES, INC. $145,000 $965,000 565.5% 0.3%
BAY EQUITY LLC $960,000 n/a 0.3%
21ST MORTGAGE CORPORATION $945,000 $940,000 -0.5% 0.3%
NEW DAY FINANCIAL, LLC $590,000 $935,000 58.5% 0.3%
UNITED $860,000 $935,000 8.7% 0.3%
ANGEL OAK MORTGAGE SOLUTIONS LLC $755,000 $930,000 23.2% 0.3%
Equity Prime Mortgage LLC $930,000 n/a 0.3%
EASTMAN $505,000 $925,000 83.2% 0.3%
LENDSURE MORTGAGE CORP. $895,000 n/a 0.3%
Pinnacle Bank $1,730,000 $890,000 -48.6% 0.3%
RESOURCE FINANCIAL SERVICES, INC. $880,000 n/a 0.3%
South Atlantic Bank $255,000 $820,000 221.6% 0.2%
KeyBank $365,000 $805,000 120.5% 0.2%
FAIRWINDS CREDIT UNION $785,000 n/a 0.2%
First Reliance Bank $870,000 $760,000 -12.6% 0.2%
First Federal Bank $770,000 $740,000 -3.9% 0.2%
HOMESIDE FINANCIAL, LLC $725,000 n/a 0.2%
ATLANTA POSTAL $705,000 n/a 0.2%
Countybank $705,000 n/a 0.2%
Flagstar Bank, FSB $510,000 $700,000 37.3% 0.2%
NexBank $335,000 $695,000 107.5% 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $1,455,000 $690,000 -52.6% 0.2%
1ST SIGNATURE LENDING, LLC $1,970,000 $685,000 -65.2% 0.2%
Discover Bank $810,000 $670,000 -17.3% 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $660,000 n/a 0.2%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $650,000 n/a 0.2%
Sierra Pacific Mortgage Company, Inc. $645,000 n/a 0.2%
LOCAL GOVERNMENT FEDERAL CREDIT UNION $1,415,000 $625,000 -55.8% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,380,000 $600,000 -74.8% 0.2%
American Security Mortgage Corp. $635,000 $585,000 -7.9% 0.2%
Nations Lending Corporation $275,000 $585,000 112.7% 0.2%
STOCKTON MORTGAGE CORPORATION $705,000 $570,000 -19.1% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $535,000 $565,000 5.6% 0.2%
FIRST MORTGAGE COMPANY, INC. $555,000 n/a 0.2%
NFM, INC. $555,000 n/a 0.2%
NETWORK CAPITAL FUNDING CORPORATION $475,000 $535,000 12.6% 0.2%
Skyline National Bank $125,000 $535,000 328.0% 0.2%
BANKSOUTH MORTGAGE COMPANY, LLC $525,000 n/a 0.2%
Uwharrie Bank $525,000 n/a 0.2%
SUN WEST MORTGAGE COMPANY, INC. $470,000 n/a 0.1%
OCMBC, INC. $305,000 $465,000 52.5% 0.1%
MIDFLORIDA $610,000 $455,000 -25.4% 0.1%
Prosperity Home Mortgage, LLC $945,000 $455,000 -51.9% 0.1%
FAIR WAY LENDING LLC $285,000 $450,000 57.9% 0.1%
Farmers Bank & Trust $1,525,000 $445,000 -70.8% 0.1%
CARDINAL FINANCIAL $1,140,000 $430,000 -62.3% 0.1%
GUILD MORTGAGE COMPANY $1,075,000 $410,000 -61.9% 0.1%
A&D Mortgage LLC $175,000 $405,000 131.4% 0.1%
TOWNE MORTGAGE COMPANY $395,000 n/a 0.1%
Century Mortgage Company DBA Century Lending Company $375,000 n/a 0.1%
SUMMIT FUNDING, INC. $375,000 n/a 0.1%
City National Bank of Florida $365,000 n/a 0.1%
TOTAL MORTGAGE SERVICES, LLC $365,000 n/a 0.1%
Coastal Carolina National Bank $355,000 n/a 0.1%
First Community Bank $355,000 n/a 0.1%
PNC Bank $2,275,000 $355,000 -84.4% 0.1%
DOMINION FINANCIAL SERVICES, LLC $350,000 n/a 0.1%
EQUITY RESOURCES, INC. $350,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $370,000 $335,000 -9.5% 0.1%
NATION ONE MORTGAGE CORPORATION $335,000 n/a 0.1%
State Department Federal Credit Union $335,000 n/a 0.1%
Ixonia Bank $325,000 n/a 0.1%
The Piedmont Bank $325,000 n/a 0.1%
VAN DYK MORTGAGE CORPORATION $315,000 n/a 0.1%
ONY GLO, INC. $305,000 n/a 0.1%
ServisFirst Bank $10,750,000 $305,000 -97.2% 0.1%
SOUTHEAST MORTGAGE OF GEORGIA, INC. $305,000 n/a 0.1%
Citibank $295,000 n/a 0.1%
CITIZENS EQUITY FIRST $295,000 n/a 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $285,000 n/a 0.1%
United Bank $425,000 $285,000 -32.9% 0.1%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $275,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $275,000 n/a 0.1%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $265,000 n/a 0.1%
Axos Bank $255,000 n/a 0.1%
Citizens Bank $885,000 $255,000 -71.2% 0.1%
DELTA COMMUNITY CREDIT UNION $405,000 $250,000 -38.3% 0.1%
AMERISAVE MORTGAGE CORPORATION $1,375,000 $230,000 -83.3% 0.1%
NATIONS DIRECT MORTGAGE, LLC $735,000 $225,000 -69.4% 0.1%
BAYSHORE MORTGAGE FUNDING, LLC $515,000 $215,000 -58.3% 0.1%
ACOPIA, LLC $385,000 $195,000 -49.4% 0.1%
FBC MORTGAGE, LLC $485,000 $195,000 -59.8% 0.1%
LENOX FINANCIAL MORTGAGE CORPORATION $185,000 n/a 0.1%
THE MORTGAGE FIRM, INC. $205,000 $185,000 -9.8% 0.1%
Truliant Federal Credit Union $805,000 $185,000 -77.0% 0.1%
Capital City Bank $175,000 n/a 0.1%
Citadel Servicing Corporation $175,000 n/a 0.1%
North American Savings Bank, F.S.B. $175,000 n/a 0.1%
AMERICAN FEDERAL MORTGAGE CORPORATION $165,000 n/a 0.0%
SOUTHWEST STAGE FUNDING, LLC $270,000 $165,000 -38.9% 0.0%
Coastal Community Bank $160,000 n/a 0.0%
Figure Lending LLC $100,000 $160,000 60.0% 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $135,000 n/a 0.0%
Network Funding, L.P. $125,000 n/a 0.0%
Plains Commerce Bank $480,000 $125,000 -74.0% 0.0%
U.S. Bank $5,920,000 $125,000 -97.9% 0.0%
Carrington Mortgage Services, LLC $105,000 n/a 0.0%
RELIANCE FIRST CAPITAL, LLC $105,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $95,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $920,000 $75,000 -91.8% 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $75,000 n/a 0.0%
Bethpage Federal Credit Union $45,000 n/a 0.0%

Cullowhee's top lender by overall market share is STATE EMPLOYEES', with 7.4% market share. In second place, with 7.1%, is First-Citizens Bank & Trust Company, having originated $25,000,000 in loans. In third place, with 5.4%, is QUICKEN LOANS, LLC, having originated $18,855,000 in loans. In fourth place, with 4.5%, is United Community Bank, having originated $15,855,000 in loans. In fifth place, with 3.4%, is MOVEMENT MORTGAGE, LLC, having originated $11,930,000 in loans.

Cullowhee, NC Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 552 $234,640,000 $425,072
Other 105 $36,905,000 $351,476
Refi 104 $34,140,000 $328,269
Cash Out Refi 94 $27,840,000 $296,170
Home Improvement 93 $16,345,000 $175,753

Cullowhee's most frequently cited loan purpose was Home Purchase, with 552 originations. The 2nd most popular reason was Other, with 105 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 344 $133,810,000 $388,983
7-8% 292 $88,570,000 $303,322
5-6% 153 $76,985,000 $503,170
Over 8% 137 $36,455,000 $266,095
4-5% 6 $2,150,000 $358,333
<2.5% 2 $280,000 $140,000

During 2024, Cullowhee's most frequently originated rate bucket was 6-7%, with 344 originations.

Loan Sizing (Cullowhee, NC MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 349 $100,265,000 $287,292
$100k-200k 208 $30,400,000 $146,154
$100,000 or less 145 $8,845,000 $61,000
$400k-600k 128 $62,110,000 $485,234
$600k-1000k 66 $48,740,000 $738,485
$Over $1MM 52 $99,510,000 $1,913,654

Cullowhee's loan sizing saw the bucket of loans from $200k-400k with 349 originations, totaling $100,265,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 298 $108,350,000 $363,591
60-80% 255 $138,755,000 $544,137
Under 20% 126 $14,410,000 $114,365
20-40% 125 $29,085,000 $232,680
40-60% 111 $41,925,000 $377,703
Over 100% 11 $2,825,000 $256,818

Cullowhee's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 298 originations, totaling $108,350,000 in origination value.