Danville Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Danville averaged 7.04% 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 6.98% and one month ago for the week of 2023-08-10, the average rate was 6.92%.

Danville's average rate one year ago was 5.45%.

For refis of the same type during the week of 2023-09-14, the average rate was 6.39%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-14 7.18%
Danville 30 Year Fixed Rate 2023-09-14 7.04%
Danville 30 Year Fixed Rate Refi 2023-09-14 6.39%
Danville 15 Year Fixed Rate 2023-09-14 6.9%
Danville 15 Year Fixed Rate Refi 2023-09-14 7.01%
Danville 30 Year FHA 2023-09-14 6.88%
Danville 30 Year FHA Refi 2023-09-14 7.09%
Danville 30 Year USDA 2023-09-14 7.18%
Danville 30 Year USDA Refi 2023-09-14 7.18%
Danville 30 Year VA 2023-09-14 6.98%
Danville 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 Danville, VA.

Danville 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 Danville, VA 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
QUICKEN LOANS, LLC 65 4.99% $6,222
MOVEMENT MORTGAGE, LLC 63 4.80% $4,592
Alcova Mortgage LLC 35 5.39% $4,395
Wells Fargo Bank 20 4.81% $4,318
American National Bank and Trust Company 19 4.63% $3,520
STATE EMPLOYEES' 18 4.49% $3,274
LOANDEPOT.COM, LLC 13 4.96% $5,997
Truist 12 4.97% $4,094
Paramount Residential Mortgage Group, Inc. 11 5.01% $5,046
First-Citizens Bank & Trust Company 11 4.79% $4,351
Citizens Bank 10 4.65% $4,372
UNITED WHOLESALE MORTGAGE, LLC 7 4.07% $6,595
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 6 4.31% $5,465
NEWREZ LLC 5 4.35% $4,112
Bank of America 5 3.70% $4,118
VANDERBILT MORTGAGE AND FINANCE, INC. 4 6.94% $5,188
NAVY FEDERAL CREDIT UNION 4 5.66% $3,795
Farm Credit of the Virginias, ACA 4 6.23% $5,159
Renasant Bank 3 3.67% $3,844
FREEDOM MORTGAGE CORPORATION 3 4.29% $4,747
Mr. Cooper ( Nationstar Mortgage ) 3 5.96% $4,018
First Heritage Mortgage, LLC 3 5.11% $8,022
GUARANTEED RATE, INC. 3 4.78% $4,867
JPMorgan Chase Bank 3 4.37% $1,697
PENNYMAC LOAN SERVICES, LLC 3 4.62% $4,586
AgFirst Farm Credit Bank 3 5.00% $6,280
CALIBER HOME LOANS, INC. 3 5.25% $5,270
Prosperity Home Mortgage, LLC 3 4.75% $6,130
ROYAL UNITED MORTGAGE LLC 3 5.29% $8,069
HomeTrust Bank 2 5.56% $3,255
LAKEVIEW LOAN SERVICING, LLC 2 4.69% $2,865
EMBRACE HOME LOANS, INC. 2 6.06% $3,926
Bank of England 2 5.00% $4,118
LOCAL GOVERNMENT FEDERAL CREDIT UNION 2 4.51% $4,125
MCLEAN MORTGAGE CORPORATION 2 5.69% $3,057
Blue Ridge Bank 2 4.75% $5,550
NBKC BANK 2 4.93% $6,330
Northpointe Bank 2 4.31% $3,310
BROKER SOLUTIONS, INC. 2 6.00% $4,672
Pinnacle Bank 2 5.44% $3,407
CAPITAL CENTER, L.L.C. 2 4.63% $354
Assurance Financial Group, L.L.C. 2 6.25% $2,873
The Fidelity Bank 2 5.13% $5,955
American Security Mortgage Corp. 2 6.00% $4,370
THRIVE MORTGAGE, LLC 2 3.75% $4,375
AMERISAVE MORTGAGE CORPORATION 2 3.94% $7,619
AMERICAN FINANCING CORPORATION 2 5.13% $8,141
Truliant Federal Credit Union 2 4.00% $1,954
U.S. Bank 2 5.06% $2,442
ValleyStar Credit Union 2 4.13% $3,230
Virginia Credit Union, Inc. 2 4.94% $4,415
HOME POINT FINANCIAL CORPORATION 2 5.81% $5,964
CREDIT UNION MORTGAGE ASSOCIATION, INC. 2 5.50% $3,703
ZILLOW HOME LOANS, LLC 1 7.25% $3,407
AMERICAN FINANCIAL RESOURCES, INC. 1 4.75% $2,442
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.50% $6,793
ANGEL OAK HOME LOANS LLC 1 7.50% $7,664
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 8.63% $6,125
APEX HOME LOANS, INC. 1 4.38% $3,826
Atlantic Coast Mortgage, LLC 1 5.38% $3,553
Atlantic Union Bank 1 7.13% $5,839
Austin Capital Bank SSB 1 5.50% $6,212
Benchmark Community Bank 1 4.89% $5,196
Bethpage Federal Credit Union 1 5.75% $6,215
CARDINAL FINANCIAL 1 5.99% $4,648
Carrington Mortgage Services, LLC 1 5.50% $2,432
CHEVRON 1 6.25% $2,170
CMG MORTGAGE, INC. 1 6.99% $9,619
Colonial Savings, F.A. 1 3.38% $1,851
DUPONT COMMUNITY 1 4.75% $6,241
EMM LOANS LLC 1 4.13% $5,641
EVERETT FINANCIAL, INC. 1 3.50% $1,934
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 4.13% $3,115
FIRST BANCORP 1 3.88% $2,806
First Home Bank 1 4.38% $3,919
First Reliance Bank 1 4.88% $2,473
First United Bank and Trust Company 1 5.63% $3,589
Flagstar Bank, FSB 1 4.16% $2,780
F & M BANK CORP. 1 4.88% $2,375
Fulton Bank 1 6.25% $3,894
GENEVA FINANCIAL, LLC 1 4.25% $12,388
GUARANTEED RATE AFFINITY, LLC 1 3.99% $3,934
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.63% $3,765
Integrity Home Mortgage Corp 1 4.50% $6,215
INTERCOASTAL MORTGAGE COMPANY 1 3.13% $3,104
LEGEND LENDING CORPORATION 1 6.63% $10,921
LOANPAL, LLC 1 4.50% $4,180
MICHIGAN MUTUAL, INC. 1 4.25% $3,676
Morgan Stanley Private Bank 1 3.00% $3,124
Mortgage Research Center, LLC 1 3.13% $3,899
M&T Bank 1 4.38% $3,833
MUTUAL OF OMAHA MORTGAGE, INC. 1 4.88% $6,712
NATION ONE MORTGAGE CORPORATION 1 5.63% $7,625
PENTAGON FEDERAL CREDIT UNION 1 3.25% $4,040
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.13% $4,560
S1L, Inc. 1 2.99% $4,294
Service Federal Credit Union 1 4.63% $2,835
SIRVA MORTGAGE, INC. 1 5.63% $0
The Federal Savings Bank 1 3.25% $2,445
The Freedom Bank of Virginia 1 4.88% $2,907
Third Federal Savings and Loan Association of Cleveland 1 5.09% $0
Tidewater Home Funding, LLC 1 3.88% $3,826
Towne Bank 1 5.63% $3,361
Towne Mortgage of the Carolinas, LLC 1 4.13% $4,659
Watermark Capital, Inc. 1 4.50% $5,722

Danville Average Closing Costs & Other Stats

Danville, VA's 105 lenders originated 1,596 loans during 2022. The total origination value was $290,960,000, with an average loan value of $182,306.

Danville's average closing costs are $4,622.

The top Danville lender as defined by loan originations is QUICKEN LOANS, LLC, with 65 loans originated. Their average total fees are $6,222, which is $1,630 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee Danville lenders (with over 10 loans originated) are STATE EMPLOYEES' ($3,274), American National Bank and Trust Company ($3,520), Truist ($4,094), Wells Fargo Bank ($4,318) and First-Citizens Bank & Trust Company ($4,351).

The lowest rate Danville lenders (with over 10 loans originated) are STATE EMPLOYEES' (4.49%), American National Bank and Trust Company (4.63%), Citizens Bank (4.65%), First-Citizens Bank & Trust Company (4.79%) and MOVEMENT MORTGAGE, LLC (4.80%).

Danville, VA 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
QUICKEN LOANS, LLC $45,945,000 $26,010,000 -43.4% 8.9%
MOVEMENT MORTGAGE, LLC $37,340,000 $23,205,000 -37.9% 8.0%
American National Bank and Trust Company $29,375,000 $22,395,000 -23.8% 7.7%
Alcova Mortgage LLC $27,600,000 $16,820,000 -39.1% 5.8%
First Carolina Bank $15,015,000 n/a 5.2%
ValleyStar Credit Union $7,115,000 $14,245,000 100.2% 4.9%
Merchants Bank of Indiana $11,070,000 n/a 3.8%
First National Bank $7,860,000 $10,720,000 36.4% 3.7%
Truist $21,175,000 $7,285,000 -65.6% 2.5%
First-Citizens Bank & Trust Company $13,855,000 $7,280,000 -47.5% 2.5%
Paramount Residential Mortgage Group, Inc. $3,365,000 $6,970,000 107.1% 2.4%
LOANDEPOT.COM, LLC $7,355,000 $5,770,000 -21.5% 2.0%
Wells Fargo Bank $12,895,000 $5,490,000 -57.4% 1.9%
Mortgage Research Center, LLC $6,760,000 $5,340,000 -21.0% 1.8%
MEMBER ONE $560,000 $4,505,000 704.5% 1.5%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $5,770,000 $4,355,000 -24.5% 1.5%
LIMA ONE CAPITAL, LLC $4,155,000 n/a 1.4%
STATE EMPLOYEES' $2,305,000 $3,980,000 72.7% 1.4%
Citizens Bank $4,700,000 $3,900,000 -17.0% 1.3%
UNITED WHOLESALE MORTGAGE, LLC $4,955,000 $2,965,000 -40.2% 1.0%
Carter Bank & Trust $4,105,000 $2,855,000 -30.5% 1.0%
Mr. Cooper ( Nationstar Mortgage ) $4,815,000 $2,335,000 -51.5% 0.8%
NEWREZ LLC $4,045,000 $2,070,000 -48.8% 0.7%
AMERISAVE MORTGAGE CORPORATION $3,735,000 $1,995,000 -46.6% 0.7%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $5,845,000 $1,905,000 -67.4% 0.7%
Bank of America $1,900,000 $1,895,000 -0.3% 0.7%
NAVY FEDERAL CREDIT UNION $2,130,000 $1,820,000 -14.6% 0.6%
FREEDOM MORTGAGE CORPORATION $11,130,000 $1,750,000 -84.3% 0.6%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,305,000 $1,665,000 27.6% 0.6%
PENNYMAC LOAN SERVICES, LLC $5,900,000 $1,575,000 -73.3% 0.5%
Farm Credit of the Virginias, ACA $1,960,000 $1,490,000 -24.0% 0.5%
Bank of England $2,235,000 $1,475,000 -34.0% 0.5%
Pinnacle Bank $1,455,000 n/a 0.5%
CALIBER HOME LOANS, INC. $2,120,000 $1,450,000 -31.6% 0.5%
Renasant Bank $2,465,000 $1,435,000 -41.8% 0.5%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,680,000 $1,420,000 -15.5% 0.5%
EMBRACE HOME LOANS, INC. $2,850,000 $1,375,000 -51.8% 0.5%
NEW DAY FINANCIAL, LLC $920,000 $1,350,000 46.7% 0.5%
First Bank $1,310,000 n/a 0.5%
Flagstar Bank, FSB $2,340,000 $1,285,000 -45.1% 0.4%
Carrington Mortgage Services, LLC $1,945,000 $1,280,000 -34.2% 0.4%
AgFirst Farm Credit Bank $1,505,000 $1,265,000 -15.9% 0.4%
NBKC BANK $335,000 $1,195,000 256.7% 0.4%
LOANPAL, LLC $435,000 $1,030,000 136.8% 0.4%
CROSSCOUNTRY MORTGAGE, LLC $1,055,000 $1,015,000 -3.8% 0.3%
AMERICAN FINANCIAL RESOURCES, INC. $525,000 $1,010,000 92.4% 0.3%
THRIVE MORTGAGE, LLC $1,005,000 n/a 0.3%
Prosperity Home Mortgage, LLC $710,000 $1,000,000 40.8% 0.3%
First Heritage Mortgage, LLC $590,000 $940,000 59.3% 0.3%
Atlantic Union Bank $470,000 $935,000 98.9% 0.3%
ROYAL UNITED MORTGAGE LLC $840,000 $905,000 7.7% 0.3%
AMERICAN PACIFIC MORTGAGE CORPORATION $440,000 $890,000 102.3% 0.3%
Morgan Stanley Private Bank $885,000 n/a 0.3%
1ST SIGNATURE LENDING, LLC $225,000 $880,000 291.1% 0.3%
AMERICAN FINANCING CORPORATION $570,000 $830,000 45.6% 0.3%
Northpointe Bank $805,000 n/a 0.3%
BROKER SOLUTIONS, INC. $1,755,000 $760,000 -56.7% 0.3%
The Fidelity Bank $375,000 $745,000 98.7% 0.3%
21ST MORTGAGE CORPORATION $665,000 $735,000 10.5% 0.3%
Atlantic Coast Mortgage, LLC $650,000 $735,000 13.1% 0.3%
Virginia Credit Union, Inc. $820,000 $725,000 -11.6% 0.2%
TIDEWATER MORTGAGE SERVICES, INC. $760,000 $675,000 -11.2% 0.2%
FREEDOM FIRST $330,000 $665,000 101.5% 0.2%
JPMorgan Chase Bank $2,140,000 $650,000 -69.6% 0.2%
DUPONT COMMUNITY $635,000 n/a 0.2%
Fulton Bank $630,000 n/a 0.2%
LOCAL GOVERNMENT FEDERAL CREDIT UNION $655,000 $610,000 -6.9% 0.2%
NATION ONE MORTGAGE CORPORATION $455,000 $605,000 33.0% 0.2%
LAKEVIEW LOAN SERVICING, LLC $2,330,000 $590,000 -74.7% 0.2%
Third Federal Savings and Loan Association of Cleveland $590,000 n/a 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,100,000 $580,000 -72.4% 0.2%
Virginia National Bank $580,000 n/a 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $460,000 $570,000 23.9% 0.2%
Blue Ridge Bank $2,240,000 $565,000 -74.8% 0.2%
Truliant Federal Credit Union $445,000 $555,000 24.7% 0.2%
USAA Federal Savings Bank $635,000 $555,000 -12.6% 0.2%
HomeTrust Bank $1,635,000 $545,000 -66.7% 0.2%
MID AMERICA MORTGAGE, INC. $385,000 $545,000 41.6% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $715,000 $545,000 -23.8% 0.2%
INTERCOASTAL MORTGAGE COMPANY $125,000 $530,000 324.0% 0.2%
The Federal Savings Bank $975,000 $530,000 -45.6% 0.2%
Equity Prime Mortgage LLC $520,000 n/a 0.2%
FIRST BANCORP, INC. $615,000 $505,000 -17.9% 0.2%
M&T Bank $410,000 $490,000 19.5% 0.2%
CAPITAL CENTER, L.L.C. $445,000 $485,000 9.0% 0.2%
PENTAGON FEDERAL CREDIT UNION $725,000 $485,000 -33.1% 0.2%
RELIANCE FIRST CAPITAL, LLC $405,000 $480,000 18.5% 0.2%
U.S. Bank $350,000 $450,000 28.6% 0.2%
BETTER MORTGAGE CORPORATION $1,610,000 $445,000 -72.4% 0.2%
Assurance Financial Group, L.L.C. $230,000 $440,000 91.3% 0.2%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $585,000 $435,000 -25.6% 0.1%
Bank of the James $125,000 $430,000 244.0% 0.1%
Integrity Home Mortgage Corp $430,000 n/a 0.1%
Congressional Bank $420,000 n/a 0.1%
Colonial Savings, F.A. $410,000 n/a 0.1%
GUARANTEED RATE, INC. $860,000 $405,000 -52.9% 0.1%
PNC Bank $680,000 $395,000 -41.9% 0.1%
ANGEL OAK HOME LOANS LLC $310,000 $375,000 21.0% 0.1%
GENEVA FINANCIAL, LLC $375,000 n/a 0.1%
HOMESPIRE MORTGAGE CORPORATION $375,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $375,000 n/a 0.1%
LEGEND LENDING CORPORATION $370,000 n/a 0.1%
Plains Commerce Bank $365,000 n/a 0.1%
American Security Mortgage Corp. $350,000 n/a 0.1%
AMERICAN ADVISORS GROUP $440,000 $335,000 -23.9% 0.1%
ROUNDPOINT MORTGAGE SERVICING CORPORATION $425,000 $330,000 -22.4% 0.1%
Metro City Bank $315,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $560,000 $310,000 -44.6% 0.1%
Capital Bank $305,000 n/a 0.1%
The Central Trust Bank $305,000 n/a 0.1%
APEX HOME LOANS, INC. $1,865,000 $300,000 -83.9% 0.1%
Benchmark Community Bank $220,000 $300,000 36.4% 0.1%
FAY SERVICING, LLC $135,000 $280,000 107.4% 0.1%
HOME POINT FINANCIAL CORPORATION $2,320,000 $280,000 -87.9% 0.1%
CMG MORTGAGE, INC. $275,000 n/a 0.1%
EMM LOANS LLC $270,000 n/a 0.1%
MCLEAN MORTGAGE CORPORATION $240,000 $270,000 12.5% 0.1%
Towne Bank $265,000 n/a 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $300,000 $255,000 -15.0% 0.1%
SIRVA MORTGAGE, INC. $185,000 $255,000 37.8% 0.1%
Barrington Bank & Trust Company, N.A. $725,000 $250,000 -65.5% 0.1%
United Bank $385,000 $250,000 -35.1% 0.1%
GUARANTEED RATE AFFINITY, LLC $125,000 $245,000 96.0% 0.1%
Mid-Continent Funding, Inc. $940,000 $245,000 -73.9% 0.1%
Lakeview Community Capital, LLC $830,000 $240,000 -71.1% 0.1%
BAYSHORE MORTGAGE FUNDING, LLC $235,000 n/a 0.1%
Towne Mortgage of the Carolinas, LLC $235,000 n/a 0.1%
SOUTHWEST STAGE FUNDING, LLC $230,000 n/a 0.1%
First National Bank of Pennsylvania $15,000 $225,000 1,400.0% 0.1%
First United Bank and Trust Company $215,000 n/a 0.1%
COASTAL Federal Credit Union $195,000 $210,000 7.7% 0.1%
UNION HOME MORTGAGE CORP. $210,000 n/a 0.1%
F & M BANK CORP. $195,000 n/a 0.1%
Hometown Lenders, Inc. $225,000 $195,000 -13.3% 0.1%
Select Bank $195,000 n/a 0.1%
SPRING EQ, LLC $195,000 n/a 0.1%
VAN DYK MORTGAGE CORPORATION $195,000 n/a 0.1%
NATIONWIDE MORTGAGE BANKERS, INC. $175,000 $190,000 8.6% 0.1%
OVM FINANCIAL, INC. $855,000 $190,000 -77.8% 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $185,000 n/a 0.1%
GoPrime Mortgage, Inc. $185,000 n/a 0.1%
Nations Lending Corporation $510,000 $180,000 -64.7% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $440,000 $165,000 -62.5% 0.1%
North State Bank $165,000 n/a 0.1%
Skyline National Bank $165,000 n/a 0.1%
Service Federal Credit Union $155,000 n/a 0.1%
MIDLAND MORTGAGE CORPORATION $185,000 $145,000 -21.6% 0.0%
RANLIFE, INC. $145,000 n/a 0.0%
Bethpage Federal Credit Union $25,000 $135,000 440.0% 0.0%
Hometown Equity Mortgage, LLC $265,000 $135,000 -49.1% 0.0%
LIBERTY HOME MORTGAGE CORPORATION $135,000 n/a 0.0%
TOWNE MORTGAGE COMPANY $135,000 n/a 0.0%
Abbott Laboratories Employees Credit Union $125,000 n/a 0.0%
Austin Capital Bank SSB $125,000 n/a 0.0%
C & F Mortgage Corporation $125,000 n/a 0.0%
CLEARPATH LENDING $630,000 $125,000 -80.2% 0.0%
GUARANTY HOME MORTGAGE CORPORATION $260,000 $125,000 -51.9% 0.0%
Southern Bank and Trust Company $125,000 n/a 0.0%
Tidewater Home Funding, LLC $125,000 $125,000 0.0% 0.0%
ZILLOW HOME LOANS, LLC $125,000 n/a 0.0%
First Home Bank $235,000 $115,000 -51.1% 0.0%
SUN WEST MORTGAGE COMPANY, INC. $210,000 $115,000 -45.2% 0.0%
The Freedom Bank of Virginia $355,000 $115,000 -67.6% 0.0%
CHEVRON $105,000 n/a 0.0%
First Reliance Bank $95,000 $105,000 10.5% 0.0%
LOGIX FEDERAL CREDIT UNION $105,000 n/a 0.0%
PLANET HOME LENDING, LLC $105,000 n/a 0.0%
SOFI LENDING CORP. $225,000 $105,000 -53.3% 0.0%
SUMMIT FUNDING, INC. $105,000 n/a 0.0%
AMERIFIRST FINANCIAL CORPORATION $95,000 n/a 0.0%
MICHIGAN MUTUAL, INC. $95,000 n/a 0.0%
MLD MORTGAGE INC. $95,000 n/a 0.0%
S1L, Inc. $95,000 n/a 0.0%
Discover Bank $35,000 $85,000 142.9% 0.0%
Marine Federal Credit Union $85,000 n/a 0.0%
Watermark Capital, Inc. $85,000 n/a 0.0%
FINANCE OF AMERICA MORTGAGE LLC $350,000 $75,000 -78.6% 0.0%
Waterstone Mortgage Corporation $75,000 n/a 0.0%
EVERETT FINANCIAL, INC. $65,000 n/a 0.0%
GUILD MORTGAGE COMPANY $175,000 $65,000 -62.9% 0.0%
LATINO COMMUNITY CREDIT UNION $65,000 n/a 0.0%
Capital City Home Loans, LLC $55,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $55,000 n/a 0.0%
First Guaranty Mortgage Corporation $320,000 $55,000 -82.8% 0.0%
NFM, INC. $125,000 $55,000 -56.0% 0.0%
ACADEMY MORTGAGE CORPORATION $45,000 n/a 0.0%
Citizens Bank and Trust Company $85,000 $45,000 -47.1% 0.0%
MORIA DEVELOPMENT, INC. $200,000 $45,000 -77.5% 0.0%
Figure Lending LLC $110,000 $35,000 -68.2% 0.0%
TRIAD FINANCIAL SERVICES, INC. $170,000 $25,000 -85.3% 0.0%
UNITED $25,000 n/a 0.0%

Danville's top lender by overall market share is QUICKEN LOANS, LLC, with 8.9% market share. In second place, with 8.0%, is MOVEMENT MORTGAGE, LLC, having originated $23,205,000 in loans. In third place, with 7.7%, is American National Bank and Trust Company, having originated $22,395,000 in loans. In fourth place, with 5.8%, is Alcova Mortgage LLC, having originated $16,820,000 in loans. In fifth place, with 5.2%, is First Carolina Bank, having originated $15,015,000 in loans.


Danville Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Danville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $115,000 (12.2%) $158,639 (2.9%) 0.00 442
2018-02-01 $113,000 (7.2%) $157,997 (4.2%) 0.00 422
2018-03-01 $114,900 (4.6%) $158,383 (3.7%) 0.00 406
2018-04-01 $119,900 (4.4%) $163,797 (6.0%) 0.00 419
2018-05-01 $102,675 (-17.8%) $149,077 (-7.4%) 0.00 532
2018-06-01 $105,450 (-15.6%) $151,533 (-7.6%) 0.00 557
2018-07-01 $109,900 (-12.7%) $156,007 (-4.7%) 0.00 553
2018-08-01 $100,950 (-18.6%) $154,691 (-4.2%) 0.00 552
2018-09-01 $107,000 (-10.8%) $156,703 (-1.8%) 0.00 549
2018-10-01 $109,900 (-5.2%) $155,376 (-0.6%) 0.00 530
2018-11-01 $109,313 (-8.8%) $155,166 (-3.7%) 0.00 515
2018-12-01 $109,000 (-5.1%) $154,651 (-2.3%) 0.00 489
2019-01-01 $109,925 (-4.4%) $156,643 (-1.3%) 0.00 470
2019-02-01 $108,700 (-3.8%) $155,287 (-1.7%) 0.00 449
2019-03-01 $115,571 (0.6%) $164,547 (3.9%) 0.00 413
2019-04-01 $127,000 (5.9%) $176,707 (7.9%) 0.00 381
2019-05-01 $127,000 (23.7%) $179,778 (20.6%) 0.00 378
2019-06-01 $130,995 (24.2%) $186,531 (23.1%) 0.00 381
2019-07-01 $135,950 (23.7%) $190,234 (21.9%) 0.00 384
2019-08-01 $135,232 (34.0%) $190,970 (23.5%) 0.00 382
2019-09-01 $129,730 (21.2%) $191,978 (22.5%) 0.00 377
2019-10-01 $125,675 (14.4%) $189,783 (22.1%) 0.00 364
2019-11-01 $129,450 (18.4%) $189,339 (22.0%) 0.00 356
2019-12-01 $117,450 (7.8%) $179,428 (16.0%) 0.00 370
2020-01-01 $119,225 (8.5%) $180,438 (15.2%) 0.00 329
2020-02-01 $124,450 (14.5%) $179,808 (15.8%) 0.00 324
2020-03-01 $119,450 (3.4%) $175,276 (6.5%) 0.00 309
2020-04-01 $116,000 (-8.7%) $171,748 (-2.8%) 0.00 300
2020-05-01 $128,000 (0.8%) $184,120 (2.4%) 0.00 262
2020-06-01 $125,750 (-4.0%) $182,673 (-2.1%) 0.00 250
2020-07-01 $125,450 (-7.7%) $186,504 (-2.0%) 0.00 226
2020-08-01 $125,900 (-6.9%) $190,033 (-0.5%) 0.00 204
2020-09-01 $139,075 (7.2%) $201,105 (4.8%) 0.00 181
2020-10-01 $129,900 (3.4%) $204,421 (7.7%) 0.00 170
2020-11-01 $148,675 (14.9%) $225,547 (19.1%) 0.00 146
2020-12-01 $155,750 (32.6%) $226,540 (26.3%) 0.00 136
2021-01-01 $164,900 (38.3%) $237,535 (31.6%) 0.00 110
2021-02-01 $156,675 (25.9%) $237,422 (32.0%) 0.00 97
2021-03-01 $147,175 (23.2%) $233,310 (33.1%) 0.00 88
2021-04-01 $165,225 (42.4%) $285,378 (66.2%) 0.00 86
2021-05-01 $179,900 (40.6%) $290,514 (57.8%) 0.00 85
2021-06-01 $170,675 (35.7%) $294,148 (61.0%) 0.00 93
2021-07-01 $164,900 (31.5%) $283,998 (52.3%) 0.00 103
2021-08-01 $164,900 (31.0%) $281,878 (48.3%) 0.00 103
2021-09-01 $185,000 (33.0%) $288,759 (43.6%) 0.00 111
2021-10-01 $167,450 (28.9%) $260,719 (27.5%) 0.00 91
2021-11-01 $166,000 (11.7%) $251,914 (11.7%) 0.00 97
2021-12-01 $162,450 (4.3%) $255,539 (12.8%) 0.00 91
2022-01-01 $194,950 (18.2%) $269,047 (13.3%) 0.00 72
2022-02-01 $176,950 (12.9%) $268,306 (13.0%) 0.00 72
2022-03-01 $198,950 (35.2%) $271,285 (16.3%) 0.00 88
2022-04-01 $215,000 (30.1%) $319,143 (11.8%) 0.00 83
2022-05-01 $199,900 (11.1%) $302,446 (4.1%) 0.00 90
2022-06-01 $241,150 (41.3%) $325,645 (10.7%) 0.00 98
2022-07-01 $222,000 (34.6%) $343,782 (21.1%) 0.00 105
2022-08-01 $222,200 (34.8%) $325,252 (15.4%) 0.00 105
2022-09-01 $237,975 (28.6%) $331,892 (14.9%) 0.00 102
2022-10-01 $227,400 (35.8%) $317,530 (21.8%) 0.00 97
2022-11-01 $195,225 (17.6%) $296,956 (17.9%) 0.00 101
2022-12-01 $227,500 (40.0%) $265,887 (4.1%) 0.00 87
2023-01-01 $189,225 (-2.9%) $238,392 (-11.4%) 0.00 95
2023-02-01 $194,000 (9.6%) $231,701 (-13.6%) 0.00 91
2023-03-01 $193,450 (-2.8%) $229,861 (-15.3%) 0.00 91
2023-04-01 $187,450 (-12.8%) $264,778 (-17.0%) 0.00 83
2023-05-01 $200,000 (0.1%) $283,863 (-6.1%) 0.00 75
2023-06-01 $252,000 (4.5%) $528,891 (62.4%) 0.00 97
2023-07-01 $235,000 (5.9%) $288,302 (-16.1%) 0.00 106
2023-08-01 $214,450 (-3.5%) $267,319 (-17.8%) 0.00 106
Danville's median listing price for 2023-08-01 was $214,450, a difference of $-7,750 (-3.5%) versus the prior year and $-20,550 versus the prior month.

Danville's median listing price comes in at 0% of the national average.

Danville's average listing price for 2023-08-01 was $267,319, a difference of $-57,933 (-17.8%) versus the prior year and $-20,983 versus the prior month.

For the 2023-08-01 period, Danville had 106 MLS listings, a difference of 0 listings (0%) versus the prior month and 1 listings (1%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Danville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,781 sqft
2018-02-01 0 days 1,765 sqft
2018-03-01 0 days 1,784 sqft
2018-04-01 0 days 1,800 sqft
2018-05-01 0 days 1,792 sqft
2018-06-01 0 days 1,786 sqft
2018-07-01 0 days 1,804 sqft
2018-08-01 0 days 1,796 sqft
2018-09-01 0 days 1,800 sqft
2018-10-01 0 days 1,812 sqft
2018-11-01 0 days 1,785 sqft
2018-12-01 0 days 1,802 sqft
2019-01-01 0 days 1,800 sqft
2019-02-01 0 days 1,795 sqft
2019-03-01 0 days 1,748 sqft
2019-04-01 0 days 1,724 sqft
2019-05-01 0 days 1,785 sqft
2019-06-01 0 days 1,796 sqft
2019-07-01 0 days 1,824 sqft
2019-08-01 0 days 1,838 sqft
2019-09-01 0 days 1,828 sqft
2019-10-01 0 days 1,821 sqft
2019-11-01 0 days 1,803 sqft
2019-12-01 0 days 1,734 sqft
2020-01-01 0 days 1,741 sqft
2020-02-01 0 days 1,787 sqft
2020-03-01 0 days 1,734 sqft
2020-04-01 0 days 1,692 sqft
2020-05-01 0 days 1,802 sqft
2020-06-01 0 days 1,790 sqft
2020-07-01 0 days 1,776 sqft
2020-08-01 0 days 1,803 sqft
2020-09-01 0 days 1,806 sqft
2020-10-01 0 days 1,894 sqft
2020-11-01 0 days 1,971 sqft
2020-12-01 0 days 1,971 sqft
2021-01-01 0 days 1,954 sqft
2021-02-01 0 days 1,874 sqft
2021-03-01 0 days 1,803 sqft
2021-04-01 0 days 1,843 sqft
2021-05-01 0 days 1,868 sqft
2021-06-01 0 days 1,876 sqft
2021-07-01 0 days 1,826 sqft
2021-08-01 0 days 1,852 sqft
2021-09-01 0 days 1,902 sqft
2021-10-01 0 days 1,813 sqft
2021-11-01 0 days 1,793 sqft
2021-12-01 0 days 1,690 sqft
2022-01-01 0 days 1,734 sqft
2022-02-01 0 days 1,712 sqft
2022-03-01 0 days 1,853 sqft
2022-04-01 0 days 2,019 sqft
2022-05-01 0 days 1,896 sqft
2022-06-01 0 days 2,015 sqft
2022-07-01 0 days 1,891 sqft
2022-08-01 0 days 1,926 sqft
2022-09-01 0 days 1,916 sqft
2022-10-01 0 days 1,902 sqft
2022-11-01 0 days 1,870 sqft
2022-12-01 0 days 1,954 sqft
2023-01-01 0 days 1,882 sqft
2023-02-01 0 days 1,664 sqft
2023-03-01 0 days 1,603 sqft
2023-04-01 0 days 1,622 sqft
2023-05-01 0 days 1,670 sqft
2023-06-01 0 days 1,619 sqft
2023-07-01 0 days 1,701 sqft
2023-08-01 0 days 1,762 sqft
Danville's median listing age (time on market) for 2023-08-01 was 0 days.

Danville's median square footage for active listings during the 2023-08-01 period was 1,762 sqft. One year prior, the average listing was 1,926 sqft.

Danville, VA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 866 $176,440,000 $203,741
Refi 284 $50,610,000 $178,204
Cash Out Refi 275 $45,135,000 $164,127
Other 94 $10,420,000 $110,851
Home Improvement 76 $8,290,000 $109,079
NA 1 $65,000 $65,000

Danville's most frequently cited loan purpose was Home Purchase, with 866 originations. The 2nd most popular reason was Refi, with 284 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 400 $66,020,000 $165,050
4-5% 373 $57,205,000 $153,365
3-4% 333 $76,725,000 $230,405
6-7% 193 $31,635,000 $163,912
2.5-3% 79 $12,905,000 $163,354
7-8% 58 $8,560,000 $147,586
Over 8% 34 $3,120,000 $91,765
<2.5% 28 $4,210,000 $150,357

During 2022, Danville's most frequently originated rate bucket was 5-6%, with 400 originations.

Loan Sizing (Danville, VA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 712 $102,870,000 $144,480
$100,000 or less 517 $32,645,000 $63,143
$200k-400k 315 $83,695,000 $265,698
$400k-600k 23 $10,735,000 $466,739
$600k-1000k 20 $14,370,000 $718,500
$Over $1MM 9 $46,645,000 $5,182,778

Danville's loan sizing saw the bucket of loans from $100k-200k with 712 originations, totaling $102,870,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 700 $129,830,000 $185,471
60-80% 383 $69,265,000 $180,849
40-60% 175 $26,645,000 $152,257
20-40% 123 $9,485,000 $77,114
Under 20% 86 $6,750,000 $78,488
Over 100% 29 $18,145,000 $625,690

Danville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 700 originations, totaling $129,830,000 in origination value.