Danville Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Danville averaged 6.73% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.92% and one month ago for the week of 2024-11-07, the average rate was 7.02%.

    Danville's average rate one year ago was 7.26%.

    For refis of the same type during the week of 2024-12-12, the average rate was 6.7%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Danville 30 Year Fixed Rate 2024-12-12 6.73%
    Danville 30 Year Fixed Rate Refi 2024-12-12 6.7%
    Danville 15 Year Fixed Rate 2024-12-12 5.84%
    Danville 15 Year Fixed Rate Refi 2024-12-12 6.14%
    Danville 30 Year FHA 2024-12-12 6.19%
    Danville 30 Year FHA Refi 2024-12-12 6.28%
    Danville 30 Year USDA 2024-12-12 6.5%
    Danville 30 Year USDA Refi 2024-12-12 6.5%
    Danville 30 Year VA 2024-12-12 6.37%
    Danville 30 Year VA Refi 2024-12-12 6.28%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 42 6.83% $6,379
    MOVEMENT MORTGAGE, LLC 41 6.85% $5,063
    Alcova Mortgage LLC 33 6.99% $3,417
    American National Bank and Trust Company 29 6.56% $3,362
    Wells Fargo Bank 13 6.91% $3,940
    UNITED WHOLESALE MORTGAGE, LLC 13 6.98% $9,077
    First-Citizens Bank & Trust Company 11 6.70% $5,145
    Truist 8 6.61% $3,880
    STATE EMPLOYEES' 6 5.76% $3,278
    Citizens Bank 6 6.46% $4,413
    Blue Ridge Bank 5 6.70% $4,737
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 4 7.38% $6,376
    JPMorgan Chase Bank 4 6.27% $3,674
    Flagstar Bank, FSB 4 7.08% $9,637
    VANDERBILT MORTGAGE AND FINANCE, INC. 4 8.18% $10,173
    Atlantic Coast Mortgage, LLC 4 6.00% $6,644
    Mortgage Research Center, LLC 3 6.96% $4,032
    First Heritage Mortgage, LLC 3 6.75% $4,136
    U.S. Bank 3 6.71% $2,026
    Farm Credit of the Virginias, ACA 3 9.08% $2,690
    FIRST BANCORP 3 7.39% $3,595
    CARDINAL FINANCIAL 3 6.79% $4,600
    NFM, INC. 3 7.42% $6,814
    CMG MORTGAGE, INC. 3 6.62% $3,902
    NAVY FEDERAL CREDIT UNION 3 6.63% $2,439
    LOANDEPOT.COM, LLC 3 7.42% $5,328
    ROYAL UNITED MORTGAGE LLC 2 6.63% $11,070
    Ally Bank 2 7.19% $2,419
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 7.50% $6,762
    Bank of America 2 7.50% $8,605
    Benchmark Community Bank 2 7.27% $3,702
    BROKER SOLUTIONS, INC. 2 7.31% $5,071
    CAPITAL CENTER, L.L.C. 2 7.25% $5,173
    EMBRACE HOME LOANS, INC. 2 6.75% $7,061
    HomeTrust Bank 2 6.69% $2,514
    LAKEVIEW LOAN SERVICING, LLC 2 6.62% $5,582
    Mr. Cooper ( Nationstar Mortgage ) 2 6.31% $7,184
    M&T Bank 2 7.38% $4,074
    NEWREZ LLC 2 6.69% $7,751
    PNC Bank 2 6.63% $3,540
    21ST MORTGAGE CORPORATION 2 7.82% $5,100
    South State Bank 2 6.31% $4,203
    TD Bank 2 6.56% $4,782
    The Federal Savings Bank 2 7.06% $3,730
    The Fidelity Bank 2 6.69% $4,098
    TIDEWATER MORTGAGE SERVICES, INC. 2 6.81% $5,690
    Truliant Federal Credit Union 2 7.50% $2,481
    CROSSCOUNTRY MORTGAGE, LLC 1 7.50% $7,722
    CRESCENT MORTGAGE COMPANY 1 7.25% $3,965
    AMERICAN FINANCIAL NETWORK, INC. 1 7.50% $6,175
    Atlantic Union Bank 1 7.13% $4,643
    COASTAL Federal Credit Union 1 6.13% $2,738
    NBKC BANK 1 6.63% $3,209
    ZILLOW HOME LOANS, LLC 1 6.13% $3,624
    Citadel Servicing Corporation 1 10.13% $8,725
    Northwest Federal Credit Union 1 5.50% $3,343
    PENTAGON FEDERAL CREDIT UNION 1 7.13% $3,778
    Plains Commerce Bank 1 6.63% $7,563
    ANGEL OAK MORTGAGE SOLUTIONS LLC 1 10.25% $4,575
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.63% $6,926
    Prosperity Home Mortgage, LLC 1 7.38% $6,301
    BETTER MORTGAGE CORPORATION 1 6.75% $5,161
    Regions Bank 1 5.88% $2,827
    Renasant Bank 1 7.00% $4,730
    USAA Federal Savings Bank 1 6.63% $6,493
    RUOFF MORTGAGE COMPANY, INC. 1 5.75% $5,144
    SIRVA MORTGAGE, INC. 1 6.38% $0
    AMERISAVE MORTGAGE CORPORATION 1 7.50% $5,739
    Bank of England 1 7.50% $2,859
    ValleyStar Credit Union 1 9.00% $3,374
    The Bank of Charlotte County 1 7.45% $3,462
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 8.13% $6,738
    EASTMAN 1 8.38% $2,703
    First Savings Bank 1 6.25% $3,134
    DUPONT COMMUNITY 1 5.88% $2,960
    GUARANTEED RATE, INC. 1 6.95% $6,441
    GUILD MORTGAGE COMPANY 1 6.50% $4,706
    Virginia Credit Union, Inc. 1 6.63% $3,910
    INTERCOASTAL MORTGAGE COMPANY 1 6.38% $3,902
    Ixonia Bank 1 7.50% $5,607
    Discover Bank 1 6.99% $0
    THRIVE MORTGAGE, LLC 1 6.38% $5,562
    DEEPHAVEN MORTGAGE LLC 1 8.25% $6,084
    MEMBER ONE 1 7.13% $4,888
    MIDLAND MORTGAGE CORPORATION 1 7.50% $2,292

    Danville Average Closing Costs & Other Stats

    Danville, VA's 85 lenders originated 1,332 loans during 2023. The total origination value was $211,000,000, with an average loan value of $158,408.

    Danville's average closing costs are $4,851.

    The top Danville lender as defined by loan originations is QUICKEN LOANS, LLC, with 42 loans originated. Their average total fees are $6,379, which is $1,317 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee Danville lenders (with over 10 loans originated) are American National Bank and Trust Company ($3,362), Alcova Mortgage LLC ($3,417), Wells Fargo Bank ($3,940), MOVEMENT MORTGAGE, LLC ($5,063) and First-Citizens Bank & Trust Company ($5,145).

    The lowest rate Danville lenders (with over 10 loans originated) are American National Bank and Trust Company (6.56%), First-Citizens Bank & Trust Company (6.70%), QUICKEN LOANS, LLC (6.83%), MOVEMENT MORTGAGE, LLC (6.85%) and Wells Fargo Bank (6.91%).

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    American National Bank and Trust Company $22,395,000 $19,935,000 -11.0% 9.4%
    QUICKEN LOANS, LLC $26,010,000 $18,675,000 -28.2% 8.9%
    Alcova Mortgage LLC $16,820,000 $17,690,000 5.2% 8.4%
    MOVEMENT MORTGAGE, LLC $23,205,000 $15,815,000 -31.8% 7.5%
    First National Bank $10,720,000 $7,400,000 -31.0% 3.5%
    First-Citizens Bank & Trust Company $7,280,000 $7,330,000 0.7% 3.5%
    UNITED WHOLESALE MORTGAGE, LLC $2,965,000 $7,330,000 147.2% 3.5%
    Truist $7,285,000 $6,420,000 -11.9% 3.0%
    Mortgage Research Center, LLC $5,340,000 $5,230,000 -2.1% 2.5%
    MEMBER ONE $4,505,000 $4,340,000 -3.7% 2.1%
    Carter Bank & Trust $2,855,000 $3,500,000 22.6% 1.7%
    Wells Fargo Bank $5,490,000 $3,355,000 -38.9% 1.6%
    NAVY FEDERAL CREDIT UNION $1,820,000 $3,280,000 80.2% 1.6%
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. $4,355,000 $3,070,000 -29.5% 1.5%
    Blue Ridge Bank $565,000 $2,835,000 401.8% 1.3%
    Bank of England $1,475,000 $2,735,000 85.4% 1.3%
    CARDINAL FINANCIAL $1,420,000 $2,665,000 87.7% 1.3%
    ValleyStar Credit Union $14,245,000 $2,230,000 -84.3% 1.1%
    LOANDEPOT.COM, LLC $5,770,000 $2,065,000 -64.2% 1.0%
    CNB Bank $1,750,000 n/a 0.8%
    BROKER SOLUTIONS, INC. $760,000 $1,660,000 118.4% 0.8%
    Citizens Bank $3,900,000 $1,640,000 -57.9% 0.8%
    Atlantic Coast Mortgage, LLC $735,000 $1,555,000 111.6% 0.7%
    LIMA ONE CAPITAL, LLC $4,155,000 $1,530,000 -63.2% 0.7%
    NEWREZ LLC $2,070,000 $1,525,000 -26.3% 0.7%
    U.S. Bank $450,000 $1,515,000 236.7% 0.7%
    TIDEWATER MORTGAGE SERVICES, INC. $675,000 $1,440,000 113.3% 0.7%
    JPMorgan Chase Bank $650,000 $1,425,000 119.2% 0.7%
    Mr. Cooper ( Nationstar Mortgage ) $2,335,000 $1,345,000 -42.4% 0.6%
    AMERISAVE MORTGAGE CORPORATION $1,995,000 $1,325,000 -33.6% 0.6%
    VANDERBILT MORTGAGE AND FINANCE, INC. $1,665,000 $1,310,000 -21.3% 0.6%
    EMBRACE HOME LOANS, INC. $1,375,000 $1,285,000 -6.5% 0.6%
    Flagstar Bank, FSB $1,285,000 $1,205,000 -6.2% 0.6%
    USAA Federal Savings Bank $555,000 $1,170,000 110.8% 0.6%
    Virginia Credit Union, Inc. $725,000 $1,160,000 60.0% 0.5%
    FIRST BANCORP $505,000 $1,135,000 124.8% 0.5%
    CMG MORTGAGE, INC. $275,000 $1,100,000 300.0% 0.5%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $1,095,000 n/a 0.5%
    CROSSCOUNTRY MORTGAGE, LLC $1,015,000 $1,085,000 6.9% 0.5%
    MUTUAL OF OMAHA MORTGAGE, INC. $545,000 $1,065,000 95.4% 0.5%
    Bank of Botetourt $1,055,000 n/a 0.5%
    PENNYMAC LOAN SERVICES, LLC $1,575,000 $1,055,000 -33.0% 0.5%
    The Federal Savings Bank $530,000 $1,050,000 98.1% 0.5%
    STATE EMPLOYEES' $3,980,000 $990,000 -75.1% 0.5%
    THRIVE MORTGAGE, LLC $1,005,000 $960,000 -4.5% 0.5%
    RELIANCE FIRST CAPITAL, LLC $480,000 $920,000 91.7% 0.4%
    Bank of America $1,895,000 $900,000 -52.5% 0.4%
    LENDINGHOME FUNDING CORPORATION $865,000 n/a 0.4%
    FREEDOM MORTGAGE CORPORATION $1,750,000 $850,000 -51.4% 0.4%
    The Bank of Charlotte County $845,000 n/a 0.4%
    First Bank $1,310,000 $840,000 -35.9% 0.4%
    21ST MORTGAGE CORPORATION $735,000 $810,000 10.2% 0.4%
    Atlantic Union Bank $935,000 $805,000 -13.9% 0.4%
    NFM, INC. $55,000 $800,000 1,354.5% 0.4%
    INTERCOASTAL MORTGAGE COMPANY $530,000 $785,000 48.1% 0.4%
    ROYAL UNITED MORTGAGE LLC $905,000 $705,000 -22.1% 0.3%
    NEW DAY FINANCIAL, LLC $1,350,000 $700,000 -48.1% 0.3%
    FREEDOM FIRST $665,000 $680,000 2.3% 0.3%
    DEEPHAVEN MORTGAGE LLC $660,000 n/a 0.3%
    Plains Commerce Bank $365,000 $650,000 78.1% 0.3%
    The Fidelity Bank $745,000 $645,000 -13.4% 0.3%
    AMERICAN FINANCIAL RESOURCES, INC. $1,010,000 $635,000 -37.1% 0.3%
    Farm Credit of the Virginias, ACA $1,490,000 $615,000 -58.7% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $590,000 $575,000 -2.5% 0.3%
    Prosperity Home Mortgage, LLC $1,000,000 $575,000 -42.5% 0.3%
    M&T Bank $490,000 $565,000 15.3% 0.3%
    TD Bank $550,000 n/a 0.3%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $165,000 $540,000 227.3% 0.3%
    Renasant Bank $1,435,000 $530,000 -63.1% 0.3%
    MID AMERICA MORTGAGE, INC. $545,000 $520,000 -4.6% 0.2%
    CAPITAL CENTER, L.L.C. $485,000 $500,000 3.1% 0.2%
    HomeTrust Bank $545,000 $500,000 -8.3% 0.2%
    NATION ONE MORTGAGE CORPORATION $605,000 $475,000 -21.5% 0.2%
    First Heritage Mortgage, LLC $940,000 $470,000 -50.0% 0.2%
    PENTAGON FEDERAL CREDIT UNION $485,000 $455,000 -6.2% 0.2%
    Frontier Community Bank $435,000 n/a 0.2%
    HOMESIDE FINANCIAL, LLC $420,000 n/a 0.2%
    ZILLOW HOME LOANS, LLC $125,000 $420,000 236.0% 0.2%
    F & M BANK CORP. $195,000 $410,000 110.3% 0.2%
    Figure Lending LLC $35,000 $400,000 1,042.9% 0.2%
    Century Mortgage Company DBA Century Lending Company $385,000 n/a 0.2%
    Ally Bank $380,000 n/a 0.2%
    OCMBC, INC. $370,000 n/a 0.2%
    UNION HOME MORTGAGE CORP. $210,000 $370,000 76.2% 0.2%
    Barrington Bank & Trust Company, N.A. $250,000 $365,000 46.0% 0.2%
    CRESCENT MORTGAGE COMPANY $365,000 n/a 0.2%
    Benchmark Community Bank $300,000 $355,000 18.3% 0.2%
    BETTER MORTGAGE CORPORATION $445,000 $355,000 -20.2% 0.2%
    Discover Bank $85,000 $355,000 317.6% 0.2%
    PNC Bank $395,000 $350,000 -11.4% 0.2%
    The Farmers Bank of Appomattox $345,000 n/a 0.2%
    South State Bank $325,000 n/a 0.2%
    Truliant Federal Credit Union $555,000 $320,000 -42.3% 0.2%
    Lakeview Community Capital, LLC $240,000 $310,000 29.2% 0.1%
    MICHIGAN MUTUAL, INC. $95,000 $305,000 221.1% 0.1%
    MIDLAND MORTGAGE CORPORATION $145,000 $285,000 96.6% 0.1%
    FIDELITY DIRECT MORTGAGE, LLC $275,000 n/a 0.1%
    LIBERTY HOME MORTGAGE CORPORATION $135,000 $265,000 96.3% 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $375,000 $265,000 -29.3% 0.1%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $185,000 $260,000 40.5% 0.1%
    Bank of the James $430,000 $255,000 -40.7% 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $580,000 $255,000 -56.0% 0.1%
    SIRVA MORTGAGE, INC. $255,000 $255,000 0.0% 0.1%
    SELF-HELP Credit Union $225,000 n/a 0.1%
    GUARANTEED RATE, INC. $405,000 $215,000 -46.9% 0.1%
    Mid-Continent Funding, Inc. $245,000 $215,000 -12.2% 0.1%
    MILEND, INC. $215,000 n/a 0.1%
    SWBC MORTGAGE CORPORATION $215,000 n/a 0.1%
    Northwest Federal Credit Union $210,000 n/a 0.1%
    GREENSTATE CREDIT UNION $195,000 n/a 0.1%
    LONGBRIDGE FINANCIAL, LLC $190,000 n/a 0.1%
    CALIBER HOME LOANS, INC. $1,450,000 $185,000 -87.2% 0.1%
    Citadel Servicing Corporation $185,000 n/a 0.1%
    TOWER $185,000 n/a 0.1%
    First Horizon Bank $180,000 n/a 0.1%
    Integrity Home Mortgage Corp $430,000 $180,000 -58.1% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $25,000 $180,000 620.0% 0.1%
    Ameris Bank $175,000 n/a 0.1%
    GSF Mortgage Corporation $175,000 n/a 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $155,000 n/a 0.1%
    COASTAL Federal Credit Union $210,000 $155,000 -26.2% 0.1%
    DUPONT COMMUNITY $635,000 $155,000 -75.6% 0.1%
    GUILD MORTGAGE COMPANY $65,000 $155,000 138.5% 0.1%
    Virginia National Bank $580,000 $155,000 -73.3% 0.1%
    LOCAL GOVERNMENT FEDERAL CREDIT UNION $610,000 $150,000 -75.4% 0.1%
    EMM LOANS LLC $270,000 $145,000 -46.3% 0.1%
    SOUTHWEST STAGE FUNDING, LLC $230,000 $145,000 -37.0% 0.1%
    RUOFF MORTGAGE COMPANY, INC. $140,000 n/a 0.1%
    AMERICAN HERITAGE LENDING, INC. $135,000 n/a 0.1%
    CIVIC FINANCIAL SERVICES, LLC $135,000 n/a 0.1%
    PHH Mortgage Corporation $135,000 n/a 0.1%
    VILLAGE CAPITAL MORTGAGE $310,000 $135,000 -56.5% 0.1%
    ARGENT $125,000 n/a 0.1%
    First Savings Bank $125,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $125,000 n/a 0.1%
    AMWEST FUNDING CORP. $115,000 n/a 0.1%
    DOMINION FINANCIAL SERVICES, LLC $115,000 n/a 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $115,000 n/a 0.1%
    NBKC BANK $1,195,000 $115,000 -90.4% 0.1%
    PANORAMA MORTGAGE GROUP, LLC $115,000 n/a 0.1%
    Skyline National Bank $165,000 $115,000 -30.3% 0.1%
    ALLIANT CREDIT UNION $105,000 n/a 0.0%
    EASTMAN $105,000 n/a 0.0%
    AMERICAN FINANCIAL NETWORK, INC. $95,000 n/a 0.0%
    LEADERONE FINANCIAL CORPORATION $95,000 n/a 0.0%
    PLAZA HOME MORTGAGE, INC. $95,000 n/a 0.0%
    SPRING EQ, LLC $195,000 $90,000 -53.8% 0.0%
    AMERICAN PACIFIC MORTGAGE CORPORATION $890,000 $85,000 -90.4% 0.0%
    Ixonia Bank $85,000 n/a 0.0%
    Select Bank $195,000 $85,000 -56.4% 0.0%
    Carrington Mortgage Services, LLC $1,280,000 $75,000 -94.1% 0.0%
    Northpointe Bank $805,000 $75,000 -90.7% 0.0%
    Regions Bank $75,000 n/a 0.0%
    Roxboro Savings Bank SSB $65,000 n/a 0.0%
    Service Federal Credit Union $155,000 $65,000 -58.1% 0.0%
    Coastal Community Bank $60,000 n/a 0.0%
    Citizens Bank and Trust Company $45,000 $55,000 22.2% 0.0%
    FAY SERVICING, LLC $280,000 $55,000 -80.4% 0.0%
    Third Federal Savings and Loan Association of Cleveland $590,000 $50,000 -91.5% 0.0%
    BLUE EAGLE CREDIT UNION $45,000 n/a 0.0%
    Wintrust Bank, N.A. $35,000 n/a 0.0%

    Danville's top lender by overall market share is American National Bank and Trust Company, with 9.4% market share. In second place, with 8.9%, is QUICKEN LOANS, LLC, having originated $18,675,000 in loans. In third place, with 8.4%, is Alcova Mortgage LLC, having originated $17,690,000 in loans. In fourth place, with 7.5%, is MOVEMENT MORTGAGE, LLC, having originated $15,815,000 in loans. In fifth place, with 3.5%, is First National Bank, having originated $7,400,000 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%) $158,515 (2.8%) 0.00 441
    2018-02-01 $112,500 (6.7%) $157,869 (4.1%) 0.00 421
    2018-03-01 $114,900 (4.6%) $158,247 (3.7%) 0.00 405
    2018-04-01 $119,900 (4.4%) $163,533 (6.1%) 0.00 418
    2018-05-01 $101,900 (-18.4%) $148,564 (-7.5%) 0.00 531
    2018-06-01 $104,988 (-16.0%) $151,128 (-7.6%) 0.00 555
    2018-07-01 $109,900 (-12.4%) $155,730 (-4.3%) 0.00 553
    2018-08-01 $100,450 (-18.9%) $154,472 (-4.1%) 0.00 552
    2018-09-01 $106,000 (-11.6%) $156,539 (-1.7%) 0.00 550
    2018-10-01 $109,450 (-5.6%) $155,112 (-0.6%) 0.00 531
    2018-11-01 $108,250 (-9.7%) $154,682 (-3.7%) 0.00 516
    2018-12-01 $107,500 (-6.4%) $154,261 (-2.4%) 0.00 490
    2019-01-01 $109,900 (-4.4%) $156,272 (-1.4%) 0.00 470
    2019-02-01 $107,950 (-4.0%) $154,783 (-2.0%) 0.00 450
    2019-03-01 $113,550 (-1.2%) $163,998 (3.6%) 0.00 414
    2019-04-01 $124,925 (4.2%) $176,026 (7.6%) 0.00 383
    2019-05-01 $125,000 (22.7%) $179,339 (20.7%) 0.00 380
    2019-06-01 $129,945 (23.8%) $186,067 (23.1%) 0.00 383
    2019-07-01 $134,950 (22.8%) $189,755 (21.9%) 0.00 386
    2019-08-01 $133,727 (33.1%) $190,535 (23.4%) 0.00 383
    2019-09-01 $128,818 (21.5%) $191,608 (22.4%) 0.00 379
    2019-10-01 $125,675 (14.8%) $189,586 (22.2%) 0.00 365
    2019-11-01 $129,000 (19.2%) $189,042 (22.2%) 0.00 357
    2019-12-01 $117,450 (9.3%) $179,179 (16.2%) 0.00 371
    2020-01-01 $119,000 (8.3%) $180,166 (15.3%) 0.00 330
    2020-02-01 $122,500 (13.5%) $179,291 (15.8%) 0.00 326
    2020-03-01 $119,000 (4.8%) $174,759 (6.6%) 0.00 311
    2020-04-01 $115,000 (-7.9%) $171,238 (-2.7%) 0.00 302
    2020-05-01 $127,600 (2.1%) $183,442 (2.3%) 0.00 264
    2020-06-01 $125,375 (-3.5%) $182,338 (-2.0%) 0.00 251
    2020-07-01 $125,450 (-7.0%) $186,622 (-1.7%) 0.00 226
    2020-08-01 $125,900 (-5.9%) $190,033 (-0.3%) 0.00 204
    2020-09-01 $139,075 (8.0%) $201,202 (5.0%) 0.00 181
    2020-10-01 $129,900 (3.4%) $204,421 (7.8%) 0.00 170
    2020-11-01 $148,675 (15.3%) $225,547 (19.3%) 0.00 146
    2020-12-01 $155,750 (32.6%) $226,540 (26.4%) 0.00 136
    2021-01-01 $164,900 (38.6%) $237,535 (31.8%) 0.00 110
    2021-02-01 $157,400 (28.5%) $237,852 (32.7%) 0.00 96
    2021-03-01 $147,175 (23.7%) $233,310 (33.5%) 0.00 88
    2021-04-01 $165,225 (43.7%) $285,378 (66.7%) 0.00 86
    2021-05-01 $179,900 (41.0%) $290,514 (58.4%) 0.00 85
    2021-06-01 $170,675 (36.1%) $294,148 (61.3%) 0.00 93
    2021-07-01 $164,900 (31.5%) $284,762 (52.6%) 0.00 103
    2021-08-01 $167,175 (32.8%) $284,219 (49.6%) 0.00 104
    2021-09-01 $185,000 (33.0%) $290,461 (44.4%) 0.00 112
    2021-10-01 $169,900 (30.8%) $263,055 (28.7%) 0.00 92
    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 (12.4%) $268,306 (12.8%) 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 (20.7%) 0.00 105
    2022-08-01 $224,900 (34.5%) $326,411 (14.8%) 0.00 104
    2022-09-01 $239,000 (29.2%) $334,482 (15.2%) 0.00 101
    2022-10-01 $229,900 (35.3%) $320,247 (21.7%) 0.00 96
    2022-11-01 $196,175 (18.2%) $299,216 (18.8%) 0.00 100
    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 (-4.7%) $267,319 (-18.1%) 0.00 106
    2023-09-01 $227,450 (-4.8%) $386,878 (15.7%) 0.00 137
    2023-10-01 $230,000 (0.0%) $364,120 (13.7%) 0.00 159
    2023-11-01 $210,000 (7.1%) $247,440 (-17.3%) 0.00 175
    2023-12-01 $199,950 (-12.1%) $242,725 (-8.7%) 0.00 182
    2024-01-01 $195,875 (3.5%) $233,037 (-2.3%) 0.00 185
    2024-02-01 $192,225 (-0.9%) $228,302 (-1.5%) 0.00 160
    2024-03-01 $172,500 (-10.8%) $227,580 (-1.0%) 0.00 162
    2024-04-01 $190,112 (1.4%) $263,321 (-0.6%) 0.00 161
    2024-05-01 $215,950 (8.0%) $261,169 (-8.0%) 0.00 156
    2024-06-01 $220,000 (-12.7%) $259,541 (-50.9%) 0.00 171
    2024-07-01 $232,200 (-1.2%) $315,536 (9.5%) 0.00 201
    2024-08-01 $239,000 (11.5%) $348,074 (30.2%) 0.00 199
    2024-09-01 $239,900 (5.5%) $309,728 (-19.9%) 0.00 205
    2024-10-01 $249,225 (8.4%) $316,890 (-13.0%) 0.00 208
    2024-11-01 $239,900 (14.2%) $306,835 (24.0%) 0.00 213
    Danville's median listing price for 2024-11-01 was $239,900, a difference of $29,900 (14.2%) versus the prior year and $-9,325 versus the prior month.

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

    Danville's average listing price for 2024-11-01 was $306,835, a difference of $59,395 (24.0%) versus the prior year and $-10,055 versus the prior month.

    For the 2024-11-01 period, Danville had 213 MLS listings, a difference of 5 listings (2%) versus the prior month and 38 listings (22%) 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 1,782 sqft
    2018-02-01 0 days 1,768 sqft
    2018-03-01 0 days 1,786 sqft
    2018-04-01 0 days 1,800 sqft
    2018-05-01 0 days 1,791 sqft
    2018-06-01 0 days 1,783 sqft
    2018-07-01 0 days 1,801 sqft
    2018-08-01 0 days 1,793 sqft
    2018-09-01 0 days 1,788 sqft
    2018-10-01 0 days 1,802 sqft
    2018-11-01 0 days 1,782 sqft
    2018-12-01 0 days 1,796 sqft
    2019-01-01 0 days 1,798 sqft
    2019-02-01 0 days 1,791 sqft
    2019-03-01 0 days 1,737 sqft
    2019-04-01 0 days 1,721 sqft
    2019-05-01 0 days 1,779 sqft
    2019-06-01 0 days 1,795 sqft
    2019-07-01 0 days 1,814 sqft
    2019-08-01 0 days 1,837 sqft
    2019-09-01 0 days 1,826 sqft
    2019-10-01 0 days 1,818 sqft
    2019-11-01 0 days 1,800 sqft
    2019-12-01 0 days 1,734 sqft
    2020-01-01 0 days 1,740 sqft
    2020-02-01 0 days 1,784 sqft
    2020-03-01 0 days 1,734 sqft
    2020-04-01 0 days 1,690 sqft
    2020-05-01 0 days 1,796 sqft
    2020-06-01 0 days 1,787 sqft
    2020-07-01 0 days 1,774 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 1,901 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 1,844 sqft
    2021-09-01 0 days 1,902 sqft
    2021-10-01 0 days 1,811 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 1,854 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 1,930 sqft
    2022-09-01 0 days 1,920 sqft
    2022-10-01 0 days 1,902 sqft
    2022-11-01 0 days 1,869 sqft
    2022-12-01 0 days 1,954 sqft
    2023-01-01 0 days 1,882 sqft
    2023-02-01 0 days 1,660 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 1,783 sqft
    2023-09-01 0 days 1,702 sqft
    2023-10-01 0 days 1,751 sqft
    2023-11-01 0 days 1,735 sqft
    2023-12-01 0 days 1,691 sqft
    2024-01-01 0 days 1,605 sqft
    2024-02-01 0 days 1,601 sqft
    2024-03-01 0 days 1,583 sqft
    2024-04-01 0 days 1,574 sqft
    2024-05-01 0 days 1,551 sqft
    2024-06-01 0 days 1,586 sqft
    2024-07-01 0 days 1,602 sqft
    2024-08-01 0 days 1,622 sqft
    2024-09-01 0 days 1,688 sqft
    2024-10-01 0 days 1,658 sqft
    2024-11-01 0 days 1,634 sqft
    Danville's median listing age (time on market) for 2024-11-01 was 0 days.

    Danville's median square footage for active listings during the 2024-11-01 period was 1,634 sqft. One year prior, the average listing was 1,735 sqft.

    Danville, VA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 746 $135,210,000 $181,247
    Cash Out Refi 205 $31,125,000 $151,829
    Refi 169 $25,595,000 $151,450
    Other 119 $10,685,000 $89,790
    Home Improvement 93 $8,385,000 $90,161

    Danville's most frequently cited loan purpose was Home Purchase, with 746 originations. The 2nd most popular reason was Cash Out Refi, with 205 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 451 $82,385,000 $182,672
    7-8% 381 $62,905,000 $165,105
    Over 8% 215 $21,685,000 $100,860
    5-6% 164 $28,380,000 $173,049
    4-5% 18 $2,660,000 $147,778
    3-4% 4 $520,000 $130,000
    <2.5% 1 $15,000 $15,000
    2.5-3% 1 $135,000 $135,000

    During 2023, Danville's most frequently originated rate bucket was 6-7%, with 451 originations.

    Loan Sizing (Danville, VA MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 568 $82,150,000 $144,630
    $100,000 or less 442 $25,670,000 $58,077
    $200k-400k 273 $72,825,000 $266,758
    $400k-600k 35 $16,405,000 $468,714
    $600k-1000k 11 $8,505,000 $773,182
    $Over $1MM 3 $5,445,000 $1,815,000

    Danville's loan sizing saw the bucket of loans from $100k-200k with 568 originations, totaling $82,150,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 557 $111,605,000 $200,368
    60-80% 282 $45,290,000 $160,603
    20-40% 138 $12,660,000 $91,739
    40-60% 137 $18,765,000 $136,971
    Under 20% 90 $3,710,000 $41,222
    Over 100% 17 $4,815,000 $283,235

    Danville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 557 originations, totaling $111,605,000 in origination value.