DALTON Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Dalton averaged
6.71%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.84% and
one month ago for the week of 2024-10-03, the
average rate was 6.14%.
Dalton's average rate one year ago was 7.68%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.05%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Dalton 30 Year Fixed Rate | 2024-11-07 | 6.71% |
| Dalton 30 Year Fixed Rate Refi | 2024-11-07 | 7.05% |
| Dalton 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Dalton 15 Year Fixed Rate Refi | 2024-11-07 | 5.9% |
| Dalton 30 Year FHA | 2024-11-07 | 6.38% |
| Dalton 30 Year FHA Refi | 2024-11-07 | 6.43% |
| Dalton 30 Year USDA | 2024-11-07 | 6.38% |
| Dalton 30 Year USDA Refi | 2024-11-07 | 6.48% |
| Dalton 30 Year VA | 2024-11-07 | 6.58% |
| Dalton 30 Year VA Refi | 2024-11-07 | 6.34% |
DALTON 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 DALTON, GA 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.).
DALTON Average Closing Costs & Other Stats
DALTON, GA's 102 lenders originated 2,017
loans during 2023. The total origination value was $435,985,000, with an average loan value of
$216,155.
DALTON's average closing costs are $5,433.
The top DALTON lender as defined by loan originations is FirstBank, with
72 loans originated. Their average total fees are
$5,175, which is $1,763
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee DALTON lenders (with over 10 loans originated) are
Wells Fargo Bank ($3,270), CMG MORTGAGE, INC. ($4,724), MOVEMENT MORTGAGE, LLC ($4,980), FIRST COMMUNITY MORTGAGE, INC. ($5,062) and FirstBank ($5,175).
The lowest rate DALTON lenders (with over 10 loans originated) are
TENNESSEE VALLEY (6.12%), Wells Fargo Bank (6.26%), Truist (6.51%), Regions Bank (6.51%) and UNITED WHOLESALE MORTGAGE, LLC (6.59%).
DALTON, GA 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 |
|---|---|---|---|---|
| Wells Fargo Bank | $10,115,000 | $39,110,000 | 286.7% | 9.0% |
| FirstBank | $29,735,000 | $35,765,000 | 20.3% | 8.2% |
| QUICKEN LOANS, LLC | $39,265,000 | $26,400,000 | -32.8% | 6.1% |
| Regions Bank | $28,655,000 | $17,240,000 | -39.8% | 4.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $27,160,000 | $17,175,000 | -36.8% | 3.9% |
| MOVEMENT MORTGAGE, LLC | $19,440,000 | $15,810,000 | -18.7% | 3.6% |
| WALKER & DUNLOP, LLC | $15,575,000 | n/a | 3.6% | |
| STOCKTON MORTGAGE CORPORATION | $26,800,000 | $15,535,000 | -42.0% | 3.6% |
| GEORGIA UNITED | $15,535,000 | $14,415,000 | -7.2% | 3.3% |
| TENNESSEE VALLEY | $7,520,000 | $10,840,000 | 44.1% | 2.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $8,410,000 | $10,495,000 | 24.8% | 2.4% |
| First Volunteer Bank | $6,165,000 | $10,085,000 | 63.6% | 2.3% |
| Mortgage Research Center, LLC | $6,840,000 | $8,990,000 | 31.4% | 2.1% |
| Renasant Bank | $9,485,000 | $8,820,000 | -7.0% | 2.0% |
| Truist | $14,320,000 | $8,065,000 | -43.7% | 1.8% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,080,000 | $7,180,000 | 133.1% | 1.6% |
| CMG MORTGAGE, INC. | $4,915,000 | $7,075,000 | 43.9% | 1.6% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,525,000 | $6,670,000 | 337.4% | 1.5% |
| ORIX REAL ESTATE CAPITAL, LLC | $5,420,000 | n/a | 1.2% | |
| BANKSOUTH MORTGAGE COMPANY, LLC | $11,335,000 | $5,270,000 | -53.5% | 1.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $3,855,000 | $5,105,000 | 32.4% | 1.2% |
| GUILD MORTGAGE COMPANY | $2,555,000 | $4,740,000 | 85.5% | 1.1% |
| UNION HOME MORTGAGE CORP. | $220,000 | $4,640,000 | 2,009.1% | 1.1% |
| Truliant Federal Credit Union | $4,505,000 | n/a | 1.0% | |
| HOMESTAR FINANCIAL CORPORATION | $14,085,000 | $4,420,000 | -68.6% | 1.0% |
| BROKER SOLUTIONS, INC. | $10,910,000 | $4,185,000 | -61.6% | 1.0% |
| SUMMIT FUNDING, INC. | $3,985,000 | $4,025,000 | 1.0% | 0.9% |
| MORTGAGE INVESTORS GROUP, INC. | $2,230,000 | $3,885,000 | 74.2% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $5,880,000 | $3,725,000 | -36.6% | 0.9% |
| Bank of America | $2,765,000 | $3,395,000 | 22.8% | 0.8% |
| First National Community Bank | $3,285,000 | n/a | 0.8% | |
| TJC Mortgage, Inc. | $6,565,000 | $2,780,000 | -57.7% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $1,580,000 | $2,740,000 | 73.4% | 0.6% |
| Citibank | $2,655,000 | n/a | 0.6% | |
| Synovus Bank | $9,550,000 | $2,645,000 | -72.3% | 0.6% |
| DAS Acquisition Company, LLC | $3,015,000 | $2,625,000 | -12.9% | 0.6% |
| Arbor Realty Trust, Inc. | $2,595,000 | n/a | 0.6% | |
| GUARANTEED RATE, INC. | $530,000 | $2,325,000 | 338.7% | 0.5% |
| LEADERONE FINANCIAL CORPORATION | $1,415,000 | $2,275,000 | 60.8% | 0.5% |
| Citizens Bank | $5,200,000 | $2,270,000 | -56.3% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,190,000 | $2,220,000 | -57.2% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,110,000 | $2,075,000 | -1.7% | 0.5% |
| The Bank of LaFayette, Georgia | $370,000 | $1,660,000 | 348.6% | 0.4% |
| Carrington Mortgage Services, LLC | $2,420,000 | $1,600,000 | -33.9% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $4,035,000 | $1,560,000 | -61.3% | 0.4% |
| NFM, INC. | $295,000 | $1,540,000 | 422.0% | 0.4% |
| BETTER MORTGAGE CORPORATION | $1,355,000 | $1,530,000 | 12.9% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $945,000 | $1,490,000 | 57.7% | 0.3% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,505,000 | $1,465,000 | -2.7% | 0.3% |
| Discover Bank | $290,000 | $1,460,000 | 403.4% | 0.3% |
| 21ST MORTGAGE CORPORATION | $1,430,000 | $1,355,000 | -5.2% | 0.3% |
| Flagstar Bank, FSB | $2,055,000 | $1,325,000 | -35.5% | 0.3% |
| ISERVE RESIDENTIAL LENDING, LLC | $775,000 | $1,320,000 | 70.3% | 0.3% |
| ALAMEDA MORTGAGE CORPORATION | $1,305,000 | n/a | 0.3% | |
| EVERETT FINANCIAL, INC. | $2,320,000 | $1,295,000 | -44.2% | 0.3% |
| First Option Mortgage, LLC | $135,000 | $1,295,000 | 859.3% | 0.3% |
| CRESCENT MORTGAGE COMPANY | $2,030,000 | $1,235,000 | -39.2% | 0.3% |
| SUCCESS MORTGAGE PARTNERS, INC. | $2,215,000 | $1,215,000 | -45.1% | 0.3% |
| NP, Inc. | $1,205,000 | n/a | 0.3% | |
| LOANDEPOT.COM, LLC | $8,785,000 | $1,125,000 | -87.2% | 0.3% |
| Pinnacle Bank | $480,000 | $1,085,000 | 126.0% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,205,000 | $1,080,000 | -10.4% | 0.2% |
| JPMorgan Chase Bank | $2,495,000 | $1,075,000 | -56.9% | 0.2% |
| LONGBRIDGE FINANCIAL, LLC | $400,000 | $1,020,000 | 155.0% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $925,000 | $1,005,000 | 8.6% | 0.2% |
| NEWREZ LLC | $1,470,000 | $1,005,000 | -31.6% | 0.2% |
| First Horizon Bank | $1,580,000 | $990,000 | -37.3% | 0.2% |
| CARDINAL FINANCIAL | $4,800,000 | $965,000 | -79.9% | 0.2% |
| First Federal Bank | $465,000 | $940,000 | 102.2% | 0.2% |
| United Community Bank | $3,440,000 | $930,000 | -73.0% | 0.2% |
| NEW DAY FINANCIAL, LLC | $1,910,000 | $890,000 | -53.4% | 0.2% |
| ACOPIA, LLC | $1,045,000 | $815,000 | -22.0% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $3,740,000 | $815,000 | -78.2% | 0.2% |
| GEORGIA'S OWN | $315,000 | $785,000 | 149.2% | 0.2% |
| Mid-Continent Funding, Inc. | $265,000 | $775,000 | 192.5% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $150,000 | $760,000 | 406.7% | 0.2% |
| OCMBC, INC. | $750,000 | n/a | 0.2% | |
| Bank OZK | $205,000 | $725,000 | 253.7% | 0.2% |
| MILEND, INC. | $945,000 | $725,000 | -23.3% | 0.2% |
| Simply Bank | $905,000 | $660,000 | -27.1% | 0.2% |
| AMERICAN FINANCIAL RESOURCES, INC. | $340,000 | $645,000 | 89.7% | 0.1% |
| MY MORTGAGE, INC. | $645,000 | n/a | 0.1% | |
| Uwharrie Bank | $625,000 | n/a | 0.1% | |
| Figure Lending LLC | $490,000 | $620,000 | 26.5% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $1,410,000 | $620,000 | -56.0% | 0.1% |
| Luxury Mortgage Corp. | $585,000 | n/a | 0.1% | |
| Capital City Home Loans, LLC | $135,000 | $580,000 | 329.6% | 0.1% |
| Northpointe Bank | $285,000 | $580,000 | 103.5% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $720,000 | $555,000 | -22.9% | 0.1% |
| PANORAMA MORTGAGE GROUP, LLC | $3,505,000 | $555,000 | -84.2% | 0.1% |
| TOWER COMMUNITY BANK | $545,000 | n/a | 0.1% | |
| Prosperity Home Mortgage, LLC | $480,000 | $525,000 | 9.4% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $520,000 | n/a | 0.1% | |
| GUARANTY HOME MORTGAGE CORPORATION | $500,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $285,000 | $475,000 | 66.7% | 0.1% |
| First Citizens National Bank | $555,000 | $470,000 | -15.3% | 0.1% |
| SOUTHEAST MORTGAGE OF GEORGIA, INC. | $175,000 | $470,000 | 168.6% | 0.1% |
| Equity Prime Mortgage LLC | $1,050,000 | $455,000 | -56.7% | 0.1% |
| Kwik Mortgage Corporation | $450,000 | n/a | 0.1% | |
| Citizens Tri-County Bank | $430,000 | n/a | 0.1% | |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $895,000 | $420,000 | -53.1% | 0.1% |
| USAA Federal Savings Bank | $1,415,000 | $410,000 | -71.0% | 0.1% |
| Charles Schwab Bank, SSB | $405,000 | n/a | 0.1% | |
| FAMILY SAVINGS | $250,000 | $395,000 | 58.0% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $680,000 | $395,000 | -41.9% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $395,000 | n/a | 0.1% | |
| Ameris Bank | $675,000 | $385,000 | -43.0% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $370,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $850,000 | $365,000 | -57.1% | 0.1% |
| U.S. Bank | $860,000 | $360,000 | -58.1% | 0.1% |
| ATLANTA POSTAL | $210,000 | $345,000 | 64.3% | 0.1% |
| Blue Ridge Bank | $345,000 | n/a | 0.1% | |
| The Central Trust Bank | $345,000 | n/a | 0.1% | |
| VAN DYK MORTGAGE CORPORATION | $135,000 | $345,000 | 155.6% | 0.1% |
| COMMUNITY BANK OF PICKENS COUNTY | $335,000 | n/a | 0.1% | |
| ACADEMY MORTGAGE CORPORATION | $315,000 | n/a | 0.1% | |
| Century Mortgage Company DBA Century Lending Company | $840,000 | $310,000 | -63.1% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $520,000 | $300,000 | -42.3% | 0.1% |
| The Loan Store, Inc. | $295,000 | n/a | 0.1% | |
| Wolfe Financial, Inc | $295,000 | n/a | 0.1% | |
| SWBC MORTGAGE CORPORATION | $1,935,000 | $285,000 | -85.3% | 0.1% |
| BancorpSouth | $2,210,000 | $275,000 | -87.6% | 0.1% |
| EVANSVILLE TEACHERS | $275,000 | n/a | 0.1% | |
| The Federal Savings Bank | $275,000 | n/a | 0.1% | |
| Citadel Servicing Corporation | $125,000 | $265,000 | 112.0% | 0.1% |
| First National Bank of America | $750,000 | $265,000 | -64.7% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $1,210,000 | $265,000 | -78.1% | 0.1% |
| University Bank | $265,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $2,235,000 | $265,000 | -88.1% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $185,000 | $255,000 | 37.8% | 0.1% |
| LAND HOME FINANCIAL SERVICES, INC. | $470,000 | $255,000 | -45.7% | 0.1% |
| OPEN MORTGAGE, LLC | $165,000 | $245,000 | 48.5% | 0.1% |
| STATE EMPLOYEES' | $325,000 | $240,000 | -26.2% | 0.1% |
| EASTMAN | $235,000 | n/a | 0.1% | |
| VANTAGE WEST | $235,000 | n/a | 0.1% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $225,000 | n/a | 0.1% | |
| FIRST COLONY MORTGAGE CORPORATION | $225,000 | n/a | 0.1% | |
| US MORTGAGE CORPORATION | $195,000 | $225,000 | 15.4% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $450,000 | $225,000 | -50.0% | 0.1% |
| LOANPAL, LLC | $215,000 | n/a | 0.0% | |
| M&T Bank | $335,000 | $215,000 | -35.8% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $205,000 | n/a | 0.0% | |
| CONTOUR MORTGAGE CORPORATION | $205,000 | n/a | 0.0% | |
| FirstTrust Home Loans, Inc. | $205,000 | n/a | 0.0% | |
| Greater Community Bank | $205,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $630,000 | $195,000 | -69.0% | 0.0% |
| KELLER MORTGAGE, LLC | $390,000 | $195,000 | -50.0% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $425,000 | $195,000 | -54.1% | 0.0% |
| COMMUNITY MORTGAGE CORPORATION | $575,000 | $185,000 | -67.8% | 0.0% |
| GENEVA FINANCIAL, LLC | $980,000 | $185,000 | -81.1% | 0.0% |
| Hometown Equity Mortgage, LLC | $185,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $185,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $535,000 | $180,000 | -66.4% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $155,000 | $175,000 | 12.9% | 0.0% |
| Fifth Third Bank | $165,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $165,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $155,000 | n/a | 0.0% | |
| DIRECT LENDERS, LLC | $135,000 | $155,000 | 14.8% | 0.0% |
| NJ LENDERS CORP. | $155,000 | n/a | 0.0% | |
| Plains Commerce Bank | $255,000 | $155,000 | -39.2% | 0.0% |
| First Vision Bank of Tennessee | $145,000 | n/a | 0.0% | |
| MILLENNIUM BANK | $990,000 | $145,000 | -85.4% | 0.0% |
| SmartBank | $400,000 | $145,000 | -63.8% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $145,000 | $135,000 | -6.9% | 0.0% |
| JMAC LENDING, INC. | $135,000 | n/a | 0.0% | |
| SouthEast Bank | $135,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $130,000 | n/a | 0.0% | |
| Metro City Bank | $95,000 | $125,000 | 31.6% | 0.0% |
| TOWNE MORTGAGE COMPANY | $125,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $120,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $320,000 | $120,000 | -62.5% | 0.0% |
| BM Real Estate Services, Inc. | $115,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $75,000 | $105,000 | 40.0% | 0.0% |
| DELTA COMMUNITY CREDIT UNION | $55,000 | $105,000 | 90.9% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $1,255,000 | $105,000 | -91.6% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $105,000 | n/a | 0.0% | |
| OAKTREE FUNDING CORP. | $325,000 | $95,000 | -70.8% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $380,000 | $95,000 | -75.0% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $785,000 | $85,000 | -89.2% | 0.0% |
| Chattanooga Federal Emp. Credit Union | $75,000 | n/a | 0.0% | |
| CREDIT UNION OF GEORGIA | $265,000 | $75,000 | -71.7% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $75,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $355,000 | $75,000 | -78.9% | 0.0% |
| PNC Bank | $170,000 | $65,000 | -61.8% | 0.0% |
| LGE COMMUNITY | $55,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $15,000 | $55,000 | 266.7% | 0.0% |
| Citizens Bank & Trust, Inc. | $345,000 | $45,000 | -87.0% | 0.0% |
| NBKC BANK | $45,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $145,000 | $45,000 | -69.0% | 0.0% |
| Lakeview Community Capital, LLC | $35,000 | n/a | 0.0% | |
| ROBINS FINANCIAL | $165,000 | $35,000 | -78.8% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $175,000 | $25,000 | -85.7% | 0.0% |
DALTON's top lender by overall market share is Wells Fargo Bank, with 9.0% market share. In second place, with 8.2%, is FirstBank, having originated $35,765,000 in loans. In third place, with 6.1%, is QUICKEN LOANS, LLC, having originated $26,400,000 in loans. In fourth place, with 4.0%, is Regions Bank, having originated $17,240,000 in loans. In fifth place, with 3.9%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $17,175,000 in loans.
DALTON, GA Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 30710 | Dalton, GA HUD Metro FMR Area | $650 | $670 | $860 | $1,140 | $1,250 |
| 30719 | Dalton, GA HUD Metro FMR Area | $590 | $650 | $860 | $1,140 | $1,160 |
| 30720 | Dalton, GA HUD Metro FMR Area | $610 | $680 | $890 | $1,170 | $1,200 |
| 30721 | Dalton, GA HUD Metro FMR Area | $570 | $640 | $840 | $1,110 | $1,130 |
| 30722 | Dalton, GA HUD Metro FMR Area | $590 | $650 | $860 | $1,140 | $1,160 |
| 30735 | Dalton, GA HUD Metro FMR Area | $630 | $700 | $920 | $1,230 | $1,350 |
| 30736 | Dalton, GA HUD Metro FMR Area | $860 | $870 | $1,010 | $1,300 | $1,530 |
| 30740 | Dalton, GA HUD Metro FMR Area | $650 | $690 | $910 | $1,200 | $1,250 |
| 30755 | Dalton, GA HUD Metro FMR Area | $650 | $690 | $870 | $1,130 | $1,250 |
| 30756 | Dalton, GA HUD Metro FMR Area | $590 | $660 | $870 | $1,150 | $1,170 |
2022 Average & Median Rent Data Statistics
DALTON, GA average 1BR rent: $690, median: $675
DALTON, GA average 2BR rent: $889, median: $870
DALTON, GA average 3BR rent: $1,171, median: $1,145
DALTON, GA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,151 | $286,755,000 | $249,136 |
| Cash Out Refi | 285 | $57,185,000 | $200,649 |
| Other | 261 | $22,075,000 | $84,579 |
| Refi | 178 | $59,990,000 | $337,022 |
| Home Improvement | 142 | $9,980,000 | $70,282 |
Dalton's most frequently cited loan purpose was Home Purchase, with 1,151 originations. The 2nd most popular reason was Cash Out Refi, with 285 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 708 | $206,610,000 | $291,822 |
| 7-8% | 485 | $93,995,000 | $193,804 |
| Over 8% | 413 | $39,395,000 | $95,387 |
| 5-6% | 259 | $65,335,000 | $252,259 |
| <2.5% | 22 | $5,740,000 | $260,909 |
| 4-5% | 17 | $5,495,000 | $323,235 |
| 3-4% | 3 | $835,000 | $278,333 |
| 2.5-3% | 3 | $1,285,000 | $428,333 |
During 2023, Dalton's most frequently originated rate bucket was 6-7%, with 708 originations.
Loan Sizing (DALTON, GA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 734 | $196,640,000 | $267,902 |
| $100k-200k | 663 | $100,915,000 | $152,210 |
| $100,000 or less | 529 | $28,515,000 | $53,904 |
| $400k-600k | 63 | $29,645,000 | $470,556 |
| $600k-1000k | 17 | $12,065,000 | $709,706 |
| $Over $1MM | 11 | $68,205,000 | $6,200,455 |
DALTON's loan sizing saw the bucket of loans from $200k-400k with 734 originations, totaling $196,640,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 872 | $209,230,000 | $239,943 |
| 60-80% | 341 | $92,385,000 | $270,924 |
| Under 20% | 255 | $12,975,000 | $50,882 |
| 20-40% | 231 | $20,445,000 | $88,506 |
| 40-60% | 189 | $71,915,000 | $380,503 |
| Over 100% | 24 | $11,090,000 | $462,083 |
DALTON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 872 originations, totaling $209,230,000 in origination value.