Danville Mortgage Rates

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

30 Year Fixed Rate mortgages in Danville averaged 5.87% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

The average rate for the prior week (2022-06-16) was 6.24% and one month ago for the week of 2022-05-19, the average rate was 5.31%.

Danville's average rate one year ago was 3%.

For refis of the same type during the week of 2022-06-23, the average rate was 6.03%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Danville 30 Year Fixed Rate 2022-06-23 5.87%
Danville 30 Year Fixed Rate Refi 2022-06-23 6.03%
Danville 15 Year Fixed Rate 2022-06-23 6.21%
Danville 15 Year Fixed Rate Refi 2022-06-23 5.02%
Danville 30 Year FHA 2022-06-23 0.17%
Danville 30 Year FHA Refi 2022-06-23 0.11%
Danville 30 Year USDA 2022-06-23 -0.25%
Danville 30 Year USDA Refi 2022-06-23 -0.22%
Danville 30 Year VA 2022-06-23 0.45%
Danville 30 Year VA Refi 2022-06-23 0.08%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 98 3.15% $4,685
MOVEMENT MORTGAGE, LLC 97 3.13% $3,646
Alcova Mortgage LLC 50 3.35% $3,164
American National Bank and Trust Company 46 2.87% $2,894
Wells Fargo Bank 35 3.15% $2,930
First-Citizens Bank & Trust Company 32 3.27% $3,499
Truist Bank 25 3.06% $3,104
Citizens Bank 13 3.05% $3,617
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 12 3.29% $4,911
Paramount Residential Mortgage Group, Inc. 11 3.56% $4,375
LOANDEPOT.COM, LLC 11 2.96% $3,667
AMERISAVE MORTGAGE CORPORATION 10 2.98% $4,085
UNITED WHOLESALE MORTGAGE, LLC 10 2.93% $5,273
STATE EMPLOYEES' 10 3.43% $2,856
ValleyStar Credit Union 8 3.31% $3,655
Renasant Bank 8 3.11% $3,279
JPMorgan Chase Bank 6 3.35% $2,323
FREEDOM MORTGAGE CORPORATION 6 3.21% $1,073
NP, Inc. 6 3.12% $4,312
EMBRACE HOME LOANS, INC. 6 3.39% $4,631
APEX HOME LOANS, INC. 6 2.98% $3,510
Mr. Cooper ( Nationstar Mortgage ) 6 3.60% $5,352
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 3.05% $2,282
Farm Credit of the Virginias, ACA 5 4.60% $3,688
AgFirst Farm Credit Bank 5 3.08% $2,529
Flagstar Bank, FSB 5 3.17% $2,911
NAVY FEDERAL CREDIT UNION 5 3.48% $2,996
HOMESIDE FINANCIAL, LLC 5 3.40% $4,787
MUTUAL OF OMAHA MORTGAGE, INC. 4 3.06% $4,975
NEWREZ LLC 4 3.09% $2,719
PENNYMAC LOAN SERVICES, LLC 4 3.34% $3,225
HomeTrust Bank 4 2.81% $3,030
CALIBER HOME LOANS, INC. 3 2.76% $3,904
BROKER SOLUTIONS, INC. 3 3.04% $3,807
Bank of England 3 3.29% $4,222
Bank of America 3 3.25% $3,169
Carrington Mortgage Services, LLC 3 3.00% $3,905
Prosperity Home Mortgage, LLC 3 3.21% $3,416
LOCAL GOVERNMENT FEDERAL CREDIT UNION 3 3.22% $3,594
HOME POINT FINANCIAL CORPORATION 3 2.75% $3,956
Mortgage Research Center, LLC 3 3.25% $4,229
ROYAL UNITED MORTGAGE LLC 3 3.25% $7,361
BETTER MORTGAGE CORPORATION 3 2.88% $2,116
Wyndham Capital Mortgage, Inc. 2 2.94% $955
AMERICAN FINANCIAL NETWORK, INC. 2 3.81% $13,675
AMERICAN FINANCING CORPORATION 2 3.56% $2,933
ANGEL OAK HOME LOANS LLC 2 3.19% $2,728
Atlantic Union Bank 2 3.25% $3,575
Blue Ridge Bank 2 3.88% $2,595
CREDIT UNION MORTGAGE ASSOCIATION, INC. 2 2.88% $3,950
CROSSCOUNTRY MORTGAGE, LLC 2 3.44% $3,734
First Heritage Mortgage, LLC 2 2.93% $4,523
KELLER MORTGAGE, LLC 2 3.00% $1,816
Nations Lending Corporation 2 2.63% $6,064
PENTAGON FEDERAL CREDIT UNION 2 3.00% $2,841
ROUNDPOINT MORTGAGE SERVICING CORPORATION 2 3.25% $1,430
Virginia Credit Union, Inc. 2 2.88% $3,173
GUARANTEED RATE AFFINITY, LLC 1 3.50% $2,562
MCLEAN MORTGAGE CORPORATION 1 3.25% $3,788
MID AMERICA MORTGAGE, INC. 1 3.88% $7,263
Mortgage Bank of California 1 5.88% $16,968
FREEDOM FIRST 1 3.13% $3,912
First Savings Bank 1 4.88% $4,788
First Reliance Bank 1 3.13% $4,453
FIRST BANCORP, INC. 1 4.50% $2,811
NASA Federal Credit Union 1 2.75% $3,818
Atlantic Coast Mortgage, LLC 1 3.00% $3,524
FINANCE OF AMERICA MORTGAGE LLC 1 3.25% $2,699
NBKC BANK 1 2.88% $4,697
Dollar Bank, Federal Savings Bank 1 3.00% $7,362
COASTAL Federal Credit Union 1 4.38% $4,724
CHURCHILL MORTGAGE CORPORATION 1 3.38% $4,075
CBM Mortgage, Inc. 1 2.50% $3,644
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.88% $4,384
PNC Bank 1 3.25% $3,698
Presidential Bank, FSB 1 3.00% $3,279
Carter Bank & Trust 1 3.13% $5,255
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.00% $4,298
RELIANCE FIRST CAPITAL, LLC 1 2.99% $6,025
CAPITAL CENTER, L.L.C. 1 2.75% $2,844
RESIDENTIAL BANCORP. 1 3.25% $2,440
RESIDENTIAL MORTGAGE SERVICES, INC. 1 3.00% $3,663
Assurance Financial Group, L.L.C. 1 2.75% $2,842
Bethpage Federal Credit Union 1 3.38% $3,731
SIRVA MORTGAGE, INC. 1 3.50% $0
SOUTHERN TRUST MORTGAGE, LLC 1 3.50% $3,890
South State Bank 1 3.13% $3,668
Benchmark Community Bank 1 4.09% $4,229
STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 1 3.25% $3,048
SWBC MORTGAGE CORPORATION 1 3.13% $641
TD Bank 1 3.25% $1,147
Tidewater Home Funding, LLC 1 3.38% $618
TIDEWATER MORTGAGE SERVICES, INC. 1 2.75% $7,469
Beeline Loans, Inc. 1 2.99% $2,350
UIF CORPORATION 1 3.13% $2,732
INTERCOASTAL MORTGAGE COMPANY 1 3.25% $3,204
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.63% $4,940
Axos Bank 1 2.63% $5,567
Lakeview Community Capital, LLC 1 3.75% $4,141
GUARANTEED RATE, INC. 1 3.25% $7,485

Danville, VA's 100 lenders originated 2,377 loans during 2021. The total origination value was $378,805,000, with an average loan value of $159,363.

The top Danville lender as defined by loan originations is QUICKEN LOANS, LLC, with 98 loans originated. Their average total fees are $4,685, which is $1,039 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee Danville lenders (with over 10 loans originated) are STATE EMPLOYEES' ($2,856), American National Bank and Trust Company ($2,894), Wells Fargo Bank ($2,930), Truist Bank ($3,104) and Alcova Mortgage LLC ($3,164).

The lowest rate Danville lenders (with over 10 loans originated) are American National Bank and Trust Company (2.87%), UNITED WHOLESALE MORTGAGE, LLC (2.93%), LOANDEPOT.COM, LLC (2.96%), AMERISAVE MORTGAGE CORPORATION (2.98%) and Citizens Bank (3.05%).

Danville, VA Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
QUICKEN LOANS, LLC $33,780,000 $45,945,000 36.0% 12.1%
MOVEMENT MORTGAGE, LLC $33,250,000 $37,340,000 12.3% 9.9%
American National Bank and Trust Company $16,655,000 $29,375,000 76.4% 7.8%
Alcova Mortgage LLC $22,495,000 $27,600,000 22.7% 7.3%
Truist Bank $13,930,000 $21,175,000 52.0% 5.6%
First-Citizens Bank & Trust Company $19,400,000 $13,855,000 -28.6% 3.7%
Wells Fargo Bank $6,145,000 $12,895,000 109.8% 3.4%
FREEDOM MORTGAGE CORPORATION $10,250,000 $11,130,000 8.6% 2.9%
First National Bank $1,340,000 $7,860,000 486.6% 2.1%
LOANDEPOT.COM, LLC $4,725,000 $7,355,000 55.7% 1.9%
ValleyStar Credit Union $3,095,000 $7,115,000 129.9% 1.9%
Mortgage Research Center, LLC $6,865,000 $6,760,000 -1.5% 1.8%
PENNYMAC LOAN SERVICES, LLC $3,160,000 $5,900,000 86.7% 1.6%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $5,845,000 n/a 1.5%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $4,345,000 $5,770,000 32.8% 1.5%
UNITED WHOLESALE MORTGAGE, LLC $4,060,000 $4,955,000 22.0% 1.3%
Mr. Cooper ( Nationstar Mortgage ) $5,620,000 $4,815,000 -14.3% 1.3%
Citizens Bank $3,190,000 $4,700,000 47.3% 1.2%
Citizens Bank of Las Cruces $4,485,000 n/a 1.2%
Carter Bank & Trust $2,800,000 $4,105,000 46.6% 1.1%
NEWREZ LLC $2,750,000 $4,045,000 47.1% 1.1%
AMERISAVE MORTGAGE CORPORATION $3,055,000 $3,735,000 22.3% 1.0%
Paramount Residential Mortgage Group, Inc. $3,365,000 n/a 0.9%
EMBRACE HOME LOANS, INC. $2,990,000 $2,850,000 -4.7% 0.8%
Renasant Bank $1,960,000 $2,465,000 25.8% 0.7%
Flagstar Bank, FSB $225,000 $2,340,000 940.0% 0.6%
LAKEVIEW LOAN SERVICING, LLC $1,325,000 $2,330,000 75.8% 0.6%
HOME POINT FINANCIAL CORPORATION $290,000 $2,320,000 700.0% 0.6%
STATE EMPLOYEES' $885,000 $2,305,000 160.5% 0.6%
Blue Ridge Bank $1,870,000 $2,240,000 19.8% 0.6%
Bank of England $3,400,000 $2,235,000 -34.3% 0.6%
JPMorgan Chase Bank $470,000 $2,140,000 355.3% 0.6%
NAVY FEDERAL CREDIT UNION $1,980,000 $2,130,000 7.6% 0.6%
CALIBER HOME LOANS, INC. $1,965,000 $2,120,000 7.9% 0.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $710,000 $2,100,000 195.8% 0.6%
NP, Inc. $1,985,000 n/a 0.5%
Farm Credit of the Virginias, ACA $2,390,000 $1,960,000 -18.0% 0.5%
Carrington Mortgage Services, LLC $2,035,000 $1,945,000 -4.4% 0.5%
Bank of America $1,155,000 $1,900,000 64.5% 0.5%
APEX HOME LOANS, INC. $890,000 $1,865,000 109.6% 0.5%
BROKER SOLUTIONS, INC. $1,265,000 $1,755,000 38.7% 0.5%
HOMESIDE FINANCIAL, LLC $425,000 $1,710,000 302.4% 0.5%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,230,000 $1,680,000 -24.7% 0.4%
HomeTrust Bank $1,720,000 $1,635,000 -4.9% 0.4%
BETTER MORTGAGE CORPORATION $1,610,000 n/a 0.4%
AgFirst Farm Credit Bank $2,370,000 $1,505,000 -36.5% 0.4%
VANDERBILT MORTGAGE AND FINANCE, INC. $900,000 $1,305,000 45.0% 0.3%
Wyndham Capital Mortgage, Inc. $610,000 $1,125,000 84.4% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $600,000 $1,055,000 75.8% 0.3%
Bank of Botetourt $2,405,000 $1,025,000 -57.4% 0.3%
AMERICAN FINANCIAL NETWORK, INC. $1,000,000 $990,000 -1.0% 0.3%
The Federal Savings Bank $680,000 $975,000 43.4% 0.3%
Mid-Continent Funding, Inc. $145,000 $940,000 548.3% 0.2%
NEW DAY FINANCIAL, LLC $2,210,000 $920,000 -58.4% 0.2%
GUARANTEED RATE, INC. $595,000 $860,000 44.5% 0.2%
OVM FINANCIAL, INC. $855,000 n/a 0.2%
First Mortgage Solutions, LLC $840,000 n/a 0.2%
ROYAL UNITED MORTGAGE LLC $525,000 $840,000 60.0% 0.2%
Lakeview Community Capital, LLC $750,000 $830,000 10.7% 0.2%
Virginia Credit Union, Inc. $865,000 $820,000 -5.2% 0.2%
CHURCHILL MORTGAGE CORPORATION $290,000 $810,000 179.3% 0.2%
TIDEWATER MORTGAGE SERVICES, INC. $760,000 n/a 0.2%
Barrington Bank & Trust Company, N.A. $775,000 $725,000 -6.5% 0.2%
PENTAGON FEDERAL CREDIT UNION $475,000 $725,000 52.6% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $715,000 n/a 0.2%
Prosperity Home Mortgage, LLC $295,000 $710,000 140.7% 0.2%
PNC Bank $710,000 $680,000 -4.2% 0.2%
21ST MORTGAGE CORPORATION $410,000 $665,000 62.2% 0.2%
LOCAL GOVERNMENT FEDERAL CREDIT UNION $300,000 $655,000 118.3% 0.2%
Atlantic Coast Mortgage, LLC $125,000 $650,000 420.0% 0.2%
USAA Federal Savings Bank $1,395,000 $635,000 -54.5% 0.2%
CLEARPATH LENDING $750,000 $630,000 -16.0% 0.2%
FIRST BANCORP, INC. $355,000 $615,000 73.2% 0.2%
First Heritage Mortgage, LLC $135,000 $590,000 337.0% 0.2%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $315,000 $585,000 85.7% 0.2%
AMERICAN FINANCING CORPORATION $635,000 $570,000 -10.2% 0.2%
Bank of Oak Ridge $715,000 $570,000 -20.3% 0.2%
MEMBER ONE $415,000 $560,000 34.9% 0.1%
VILLAGE CAPITAL & INVESTMENT LLC $560,000 n/a 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $875,000 $525,000 -40.0% 0.1%
Nations Lending Corporation $75,000 $510,000 580.0% 0.1%
Atlantic Union Bank $915,000 $470,000 -48.6% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $500,000 $460,000 -8.0% 0.1%
Mortgage Bank of California $455,000 n/a 0.1%
NATION ONE MORTGAGE CORPORATION $665,000 $455,000 -31.6% 0.1%
CAPITAL CENTER, L.L.C. $115,000 $445,000 287.0% 0.1%
Truliant Federal Credit Union $245,000 $445,000 81.6% 0.1%
AMERICAN ADVISORS GROUP $160,000 $440,000 175.0% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $440,000 n/a 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $505,000 $440,000 -12.9% 0.1%
LOANPAL, LLC $1,125,000 $435,000 -61.3% 0.1%
TD Bank $435,000 n/a 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $195,000 $430,000 120.5% 0.1%
ROUNDPOINT MORTGAGE SERVICING CORPORATION $75,000 $425,000 466.7% 0.1%
BLUE EAGLE CREDIT UNION $65,000 $410,000 530.8% 0.1%
Manufacturers and Traders Trust Company $55,000 $410,000 645.5% 0.1%
RELIANCE FIRST CAPITAL, LLC $550,000 $405,000 -26.4% 0.1%
MID AMERICA MORTGAGE, INC. $385,000 n/a 0.1%
United Bank $385,000 n/a 0.1%
The Fidelity Bank $1,230,000 $375,000 -69.5% 0.1%
Low VA Rates, LLC $145,000 $365,000 151.7% 0.1%
Strong Home Mortgage, LLC $365,000 n/a 0.1%
ARC HOME LLC $145,000 $360,000 148.3% 0.1%
Premier Bank, Inc. $355,000 n/a 0.1%
The Freedom Bank of Virginia $355,000 n/a 0.1%
FINANCE OF AMERICA MORTGAGE LLC $315,000 $350,000 11.1% 0.1%
U.S. Bank $1,970,000 $350,000 -82.2% 0.1%
Beeline Loans, Inc. $340,000 n/a 0.1%
NBKC BANK $335,000 n/a 0.1%
FREEDOM FIRST $330,000 n/a 0.1%
First Guaranty Mortgage Corporation $205,000 $320,000 56.1% 0.1%
ANGEL OAK HOME LOANS LLC $680,000 $310,000 -54.4% 0.1%
KELLER MORTGAGE, LLC $185,000 $310,000 67.6% 0.1%
Magnolia Bank $505,000 $310,000 -38.6% 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $365,000 $300,000 -17.8% 0.1%
Fifth Third Bank $400,000 $290,000 -27.5% 0.1%
PLAZA HOME MORTGAGE, INC. $600,000 $290,000 -51.7% 0.1%
First Federal Bank $265,000 n/a 0.1%
Hometown Equity Mortgage, LLC $265,000 n/a 0.1%
LENDERFI, INC. $690,000 $265,000 -61.6% 0.1%
GUARANTY HOME MORTGAGE CORPORATION $260,000 n/a 0.1%
Aurora Financial, LLC $245,000 n/a 0.1%
MCLEAN MORTGAGE CORPORATION $1,215,000 $240,000 -80.2% 0.1%
Commerce Home Mortgage, Inc. $235,000 n/a 0.1%
First Home Bank $235,000 $235,000 0.0% 0.1%
Assurance Financial Group, L.L.C. $230,000 n/a 0.1%
1ST SIGNATURE LENDING, LLC $225,000 n/a 0.1%
ALLIED MORTGAGE GROUP, INC. $795,000 $225,000 -71.7% 0.1%
Dollar Bank, Federal Savings Bank $225,000 n/a 0.1%
George Mason Mortgage, LLC $695,000 $225,000 -67.6% 0.1%
Hometown Lenders, Inc. $225,000 n/a 0.1%
SOFI LENDING CORP. $340,000 $225,000 -33.8% 0.1%
SOUTHERN TRUST MORTGAGE, LLC $245,000 $225,000 -8.2% 0.1%
UIF CORPORATION $225,000 n/a 0.1%
Benchmark Community Bank $35,000 $220,000 528.6% 0.1%
Axos Bank $215,000 n/a 0.1%
SOVEREIGN LENDING GROUP INCORPORATED $215,000 n/a 0.1%
SUN WEST MORTGAGE COMPANY, INC. $210,000 n/a 0.1%
MORIA DEVELOPMENT, INC. $200,000 n/a 0.1%
COASTAL Federal Credit Union $195,000 n/a 0.1%
COCA-COLA $195,000 n/a 0.1%
MIDLAND MORTGAGE CORPORATION $185,000 n/a 0.0%
SIRVA MORTGAGE, INC. $430,000 $185,000 -57.0% 0.0%
PHH Mortgage Corporation $105,000 $180,000 71.4% 0.0%
GUILD MORTGAGE COMPANY $175,000 n/a 0.0%
NASA Federal Credit Union $175,000 n/a 0.0%
NATIONS RELIABLE LENDING, LLC $175,000 n/a 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $175,000 n/a 0.0%
Victorian Finance, LLC $175,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $125,000 $170,000 36.0% 0.0%
Chicago Mortgage Solutions LLC $165,000 n/a 0.0%
RESIDENTIAL BANCORP. $165,000 n/a 0.0%
RESIDENTIAL MORTGAGE SERVICES, INC. $145,000 $165,000 13.8% 0.0%
STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED $165,000 n/a 0.0%
First Horizon Bank $160,000 n/a 0.0%
CBM Mortgage, Inc. $155,000 n/a 0.0%
Colten Mortgage, LLC $155,000 n/a 0.0%
Ameris Bank $145,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $145,000 n/a 0.0%
Shamrock Home Loans, Inc. $145,000 n/a 0.0%
FAY SERVICING, LLC $135,000 n/a 0.0%
SWBC MORTGAGE CORPORATION $260,000 $135,000 -48.1% 0.0%
Bank of the James $1,145,000 $125,000 -89.1% 0.0%
GUARANTEED RATE AFFINITY, LLC $125,000 n/a 0.0%
INTERCOASTAL MORTGAGE COMPANY $125,000 n/a 0.0%
NFM, INC. $125,000 n/a 0.0%
Sierra Pacific Mortgage Company, Inc. $125,000 n/a 0.0%
Tidewater Home Funding, LLC $125,000 n/a 0.0%
GENERAL ELECTRIC EMPLOYEES FEDERAL CREDIT UNION $115,000 n/a 0.0%
Figure Lending LLC $110,000 n/a 0.0%
Essex Bank $190,000 $105,000 -44.7% 0.0%
First Reliance Bank $1,070,000 $95,000 -91.1% 0.0%
First Savings Bank $95,000 n/a 0.0%
Citizens Bank and Trust Company $85,000 n/a 0.0%
HAMILTON HOME LOANS, INC. $85,000 n/a 0.0%
STEARNS LENDING, LLC $85,000 n/a 0.0%
Towne Mortgage, LLC $85,000 n/a 0.0%
First Community Bank $390,000 $65,000 -83.3% 0.0%
DOMINION ENERGY CREDIT UNION $55,000 n/a 0.0%
Presidential Bank, FSB $285,000 $55,000 -80.7% 0.0%
South State Bank $55,000 n/a 0.0%
State Department Federal Credit Union $55,000 n/a 0.0%
NETWORK CAPITAL FUNDING CORPORATION $440,000 $45,000 -89.8% 0.0%
Discover Bank $35,000 n/a 0.0%
Bethpage Federal Credit Union $25,000 n/a 0.0%
EASTMAN $15,000 n/a 0.0%
First National Bank of Pennsylvania $15,000 n/a 0.0%

Danville's top lender by overall market share is QUICKEN LOANS, LLC, with 12.1% market share. In second place, with 9.9%, is MOVEMENT MORTGAGE, LLC, having originated $37,340,000 in loans. In third place, with 7.8%, is American National Bank and Trust Company, having originated $29,375,000 in loans. In third place, with 7.3%, is Alcova Mortgage LLC, having originated $27,600,000 in loans. In third place, with 5.6%, is Truist Bank, having originated $21,175,000 in loans.


Danville, VA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 989 $173,035,000 $174,960
Refi 882 $138,740,000 $157,302
Cash Out Refi 355 $55,325,000 $155,845
Other 83 $7,215,000 $86,928
Home Improvement 68 $4,490,000 $66,029

Danville's most frequently cited loan purpose was Home Purchase, with 989 originations. The 2nd most popular reason was Refi, with 882 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 879 $143,145,000 $162,850
3-4% 846 $132,240,000 $156,312
<2.5% 366 $60,030,000 $164,016
4-5% 168 $23,480,000 $139,762
5-6% 22 $1,850,000 $84,091
Over 8% 11 $1,075,000 $97,727
6-7% 10 $570,000 $57,000
7-8% 2 $90,000 $45,000

During 2021, Danville's most frequently originated rate bucket was 2.5-3%, with 879 originations.

Loan Sizing (Danville, VA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 1,129 $161,535,000 $143,078
$100,000 or less 728 $45,520,000 $62,527
$200k-400k 464 $120,410,000 $259,504
$400k-600k 43 $20,495,000 $476,628
$Over $1MM 8 $26,700,000 $3,337,500
$600k-1000k 5 $4,145,000 $829,000

Danville's loan sizing saw the bucket of loans from $100k-200k with 1,129 originations, totaling $161,535,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 991 $175,265,000 $176,857
60-80% 695 $116,785,000 $168,036
40-60% 283 $34,295,000 $121,184
20-40% 136 $12,670,000 $93,162
Under 20% 81 $2,865,000 $35,370
Over 100% 31 $6,945,000 $224,032

Danville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 991 originations, totaling $175,265,000 in origination value.


Market Conditions (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 $115,450 (7.5%) $155,670 (2.7%) 0.00 450
2018-02-01 $112,500 (5.7%) $154,951 (4.4%) 0.00 433
2018-03-01 $117,000 (3.6%) $157,149 (4.9%) 0.00 417
2018-04-01 $119,900 (4.4%) $163,418 (9.0%) 0.00 431
2018-05-01 $102,350 (-18.1%) $147,257 (-5.9%) 0.00 548
2018-06-01 $109,000 (-10.8%) $148,334 (-7.0%) 0.00 572
2018-07-01 $109,900 (-8.4%) $150,587 (-5.6%) 0.00 566
2018-08-01 $101,000 (-18.4%) $151,534 (-5.1%) 0.00 566
2018-09-01 $109,000 (-9.1%) $152,854 (-3.6%) 0.00 561
2018-10-01 $109,900 (-5.2%) $153,702 (-0.8%) 0.00 546
2018-11-01 $109,900 (-8.3%) $152,688 (-4.4%) 0.00 529
2018-12-01 $109,900 (-4.4%) $152,347 (-2.5%) 0.00 503
2019-01-01 $111,200 (-3.7%) $154,277 (-0.9%) 0.00 486
2019-02-01 $107,450 (-4.5%) $150,908 (-2.6%) 0.00 466
2019-03-01 $111,386 (-4.8%) $158,518 (0.9%) 0.00 433
2019-04-01 $119,450 (-0.4%) $168,595 (3.2%) 0.00 404
2019-05-01 $119,900 (17.2%) $173,076 (17.5%) 0.00 399
2019-06-01 $129,900 (19.2%) $182,819 (23.3%) 0.00 400
2019-07-01 $131,950 (20.1%) $186,916 (24.1%) 0.00 407
2019-08-01 $131,099 (29.8%) $185,427 (22.4%) 0.00 406
2019-09-01 $125,900 (15.5%) $185,042 (21.1%) 0.00 398
2019-10-01 $125,450 (14.2%) $187,236 (21.8%) 0.00 388
2019-11-01 $129,900 (18.2%) $190,321 (24.7%) 0.00 379
2019-12-01 $119,950 (9.1%) $178,034 (16.9%) 0.00 388
2020-01-01 $119,500 (7.5%) $179,712 (16.5%) 0.00 347
2020-02-01 $129,000 (20.1%) $182,843 (21.2%) 0.00 348
2020-03-01 $125,450 (12.6%) $181,234 (14.3%) 0.00 328
2020-04-01 $124,500 (4.2%) $174,091 (3.3%) 0.00 316
2020-05-01 $129,900 (8.3%) $183,107 (5.8%) 0.00 272
2020-06-01 $129,900 (0.0%) $182,831 (0.0%) 0.00 259
2020-07-01 $129,900 (-1.6%) $192,531 (3.0%) 0.00 233
2020-08-01 $129,900 (-0.9%) $196,093 (5.8%) 0.00 214
2020-09-01 $139,900 (11.1%) $203,810 (10.1%) 0.00 185
2020-10-01 $129,900 (3.6%) $205,461 (9.7%) 0.00 174
2020-11-01 $152,950 (17.7%) $231,249 (21.5%) 0.00 152
2020-12-01 $162,450 (35.4%) $239,539 (34.6%) 0.00 141
2021-01-01 $164,900 (38.0%) $246,057 (36.9%) 0.00 114
2021-02-01 $158,450 (22.8%) $250,213 (36.9%) 0.00 102
2021-03-01 $159,000 (26.7%) $257,849 (42.3%) 0.00 95
2021-04-01 $165,900 (33.3%) $281,824 (61.9%) 0.00 93
2021-05-01 $179,900 (38.5%) $276,743 (51.1%) 0.00 93
2021-06-01 $174,950 (34.7%) $280,806 (53.6%) 0.00 99
2021-07-01 $174,450 (34.3%) $259,932 (35.0%) 0.00 110
2021-08-01 $175,000 (34.7%) $260,952 (33.1%) 0.00 110
2021-09-01 $187,450 (34.0%) $269,206 (32.1%) 0.00 110
2021-10-01 $174,900 (34.6%) $271,634 (32.2%) 0.00 94
2021-11-01 $172,400 (12.7%) $257,325 (11.3%) 0.00 98
2021-12-01 $164,500 (1.3%) $252,648 (5.5%) 0.00 92
2022-01-01 $194,900 (18.2%) $271,080 (10.2%) 0.00 71
2022-02-01 $179,450 (13.3%) $261,400 (4.5%) 0.00 72
2022-03-01 $189,900 (19.4%) $263,408 (2.2%) 0.00 90
2022-04-01 $209,000 (26.0%) $309,896 (10.0%) 0.00 84
2022-05-01 $204,900 (13.9%) $294,583 (6.5%) 0.00 94
Danville's median listing price for 2022-05-01 was $204,900, a difference of $25,000 (13.9%) versus the prior year and $-4,100 versus the prior month.

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

Danville's average listing price for 2022-05-01 was $294,583, a difference of $17,840 (6.5%) versus the prior year and $-15,313 versus the prior month.

For the 2022-05-01 period, Danville had 94 MLS listings, a difference of 10 listings (12%) 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 1,798 sqft
2018-02-01 0 days 1,784 sqft
2018-03-01 0 days 1,792 sqft
2018-04-01 0 days 1,808 sqft
2018-05-01 0 days 1,800 sqft
2018-06-01 0 days 1,792 sqft
2018-07-01 0 days 1,808 sqft
2018-08-01 0 days 1,821 sqft
2018-09-01 0 days 1,830 sqft
2018-10-01 0 days 1,875 sqft
2018-11-01 0 days 1,827 sqft
2018-12-01 0 days 1,850 sqft
2019-01-01 0 days 1,858 sqft
2019-02-01 0 days 1,860 sqft
2019-03-01 0 days 1,799 sqft
2019-04-01 0 days 1,746 sqft
2019-05-01 0 days 1,751 sqft
2019-06-01 0 days 1,804 sqft
2019-07-01 0 days 1,859 sqft
2019-08-01 0 days 1,852 sqft
2019-09-01 0 days 1,820 sqft
2019-10-01 0 days 1,829 sqft
2019-11-01 0 days 1,842 sqft
2019-12-01 0 days 1,740 sqft
2020-01-01 0 days 1,798 sqft
2020-02-01 0 days 1,803 sqft
2020-03-01 0 days 1,800 sqft
2020-04-01 0 days 1,759 sqft
2020-05-01 0 days 1,814 sqft
2020-06-01 0 days 1,808 sqft
2020-07-01 0 days 1,804 sqft
2020-08-01 0 days 1,852 sqft
2020-09-01 0 days 1,840 sqft
2020-10-01 0 days 1,895 sqft
2020-11-01 0 days 1,953 sqft
2020-12-01 0 days 1,966 sqft
2021-01-01 0 days 1,922 sqft
2021-02-01 0 days 1,849 sqft
2021-03-01 0 days 1,786 sqft
2021-04-01 0 days 1,791 sqft
2021-05-01 0 days 1,852 sqft
2021-06-01 0 days 1,852 sqft
2021-07-01 0 days 1,818 sqft
2021-08-01 0 days 1,886 sqft
2021-09-01 0 days 1,943 sqft
2021-10-01 0 days 1,856 sqft
2021-11-01 0 days 1,797 sqft
2021-12-01 0 days 1,668 sqft
2022-01-01 0 days 1,710 sqft
2022-02-01 0 days 1,712 sqft
2022-03-01 0 days 1,783 sqft
2022-04-01 0 days 1,966 sqft
2022-05-01 0 days 1,847 sqft
Danville's median listing age (time on market) for 2022-05-01 was 0 days.

Danville's median square footage for active listings during the 2022-05-01 period was 1,847 sqft. One year prior, the average listing was 1,852 sqft.