DECATUR Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Decatur averaged
6.73%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.16% and
one month ago for the week of 2025-05-15, the
average rate was 6.93%.
Decatur's average rate one year ago was 6.97%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.98%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Decatur 30 Year Fixed Rate | 2025-06-18 | 6.73% |
| Decatur 30 Year Fixed Rate Refi | 2025-06-18 | 6.98% |
| Decatur 15 Year Fixed Rate | 2025-06-18 | 6.06% |
| Decatur 15 Year Fixed Rate Refi | 2025-06-18 | 6.36% |
| Decatur 30 Year FHA | 2025-06-18 | 0.1% |
| Decatur 30 Year FHA Refi | 2025-06-18 | 0% |
| Decatur 30 Year USDA | 2025-06-18 | 0.1% |
| Decatur 30 Year USDA Refi | 2025-06-18 | -0.2% |
| Decatur 30 Year VA | 2025-06-18 | -0.11% |
| Decatur 30 Year VA Refi | 2025-06-18 | -0.67% |
DECATUR 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 DECATUR, AL 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.).
DECATUR Average Closing Costs & Other Stats
DECATUR, AL's 112 lenders originated 3,185
loans during 2024. The total origination value was $622,915,000, with an average loan value of
$195,578.
DECATUR's average closing costs are $5,114.
The top DECATUR lender as defined by loan originations is QUICKEN LOANS, LLC, with
80 loans originated. Their average total fees are
$5,793, which is $2,537
higher than the next largest lender,
REDSTONE Federal Credit Union.
The lowest fee DECATUR lenders (with over 10 loans originated) are
REDSTONE Federal Credit Union ($3,256), BROKER SOLUTIONS, INC. ($3,870), CB&S Bank, Inc. ($3,922), JPMorgan Chase Bank ($4,087) and Wells Fargo Bank ($4,240).
The lowest rate DECATUR lenders (with over 10 loans originated) are
MORTGAGE INVESTORS GROUP, INC. (5.16%), JPMorgan Chase Bank (6.39%), PENNYMAC LOAN SERVICES, LLC (6.41%), United Community Bank (6.44%) and Listerhill Credit Union (6.54%).
DECATUR, AL Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $37,500,000 | $41,880,000 | 11.7% | 6.7% |
| REDSTONE Federal Credit Union | $35,190,000 | $33,465,000 | -4.9% | 5.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $26,490,000 | $31,515,000 | 19.0% | 5.1% |
| Regions Bank | $16,380,000 | $17,750,000 | 8.4% | 2.8% |
| Bank Independent | $14,080,000 | $17,650,000 | 25.4% | 2.8% |
| Mortgage Research Center, LLC | $10,030,000 | $17,440,000 | 73.9% | 2.8% |
| BROKER SOLUTIONS, INC. | $14,590,000 | $17,070,000 | 17.0% | 2.7% |
| ORIX REAL ESTATE CAPITAL, LLC | $17,045,000 | n/a | 2.7% | |
| SouthPoint Bank | $12,325,000 | $15,990,000 | 29.7% | 2.6% |
| FREEDOM MORTGAGE CORPORATION | $5,650,000 | $15,280,000 | 170.4% | 2.5% |
| Renasant Bank | $20,145,000 | $14,415,000 | -28.4% | 2.3% |
| PENNYMAC LOAN SERVICES, LLC | $10,930,000 | $11,570,000 | 5.9% | 1.9% |
| Synovus Bank | $13,295,000 | $11,165,000 | -16.0% | 1.8% |
| MORTGAGE INVESTORS GROUP, INC. | $13,105,000 | $10,995,000 | -16.1% | 1.8% |
| STOCKTON MORTGAGE CORPORATION | $890,000 | $10,550,000 | 1,085.4% | 1.7% |
| River Bank & Trust | $16,915,000 | $10,530,000 | -37.7% | 1.7% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $9,660,000 | $9,755,000 | 1.0% | 1.6% |
| PNC Bank | $9,300,000 | $9,305,000 | 0.1% | 1.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $12,325,000 | $8,840,000 | -28.3% | 1.4% |
| United Community Bank | $5,585,000 | $8,430,000 | 50.9% | 1.4% |
| CB&S Bank, Inc. | $7,655,000 | $8,020,000 | 4.8% | 1.3% |
| 21ST MORTGAGE CORPORATION | $7,965,000 | $7,465,000 | -6.3% | 1.2% |
| UNION HOME MORTGAGE CORP. | $1,050,000 | $7,255,000 | 591.0% | 1.2% |
| Trustmark National Bank | $3,865,000 | $7,155,000 | 85.1% | 1.1% |
| FirstBank | $4,745,000 | $7,085,000 | 49.3% | 1.1% |
| West Alabama Bank & Trust | $5,925,000 | n/a | 1.0% | |
| TOWNE MORTGAGE COMPANY | $460,000 | $5,240,000 | 1,039.1% | 0.8% |
| FIRST COLONY MORTGAGE CORPORATION | $1,130,000 | $5,165,000 | 357.1% | 0.8% |
| LOANDEPOT.COM, LLC | $5,170,000 | $5,075,000 | -1.8% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,510,000 | $4,905,000 | 39.7% | 0.8% |
| First Federal Bank, A FSB | $2,895,000 | $4,335,000 | 49.7% | 0.7% |
| JPMorgan Chase Bank | $1,295,000 | $4,310,000 | 232.8% | 0.7% |
| GMFS LLC | $6,350,000 | $4,220,000 | -33.5% | 0.7% |
| Assurance Financial Group, L.L.C. | $2,265,000 | $4,210,000 | 85.9% | 0.7% |
| NEWREZ LLC | $5,830,000 | $4,090,000 | -29.8% | 0.7% |
| PLANET HOME LENDING, LLC | $1,150,000 | $3,970,000 | 245.2% | 0.6% |
| Traditions Bank | $1,595,000 | $3,915,000 | 145.5% | 0.6% |
| Peoples Bank of Alabama | $4,785,000 | $3,830,000 | -20.0% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $5,190,000 | $3,810,000 | -26.6% | 0.6% |
| Family Security Credit Union | $2,580,000 | $3,655,000 | 41.7% | 0.6% |
| Wells Fargo Bank | $3,455,000 | $3,565,000 | 3.2% | 0.6% |
| DHI MORTGAGE COMPANY, LTD. | $7,660,000 | $3,380,000 | -55.9% | 0.5% |
| EvaBank | $2,945,000 | $3,130,000 | 6.3% | 0.5% |
| CANOPY MORTGAGE, LLC | $3,075,000 | n/a | 0.5% | |
| USAA Federal Savings Bank | $4,150,000 | $3,075,000 | -25.9% | 0.5% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,405,000 | $2,970,000 | 23.5% | 0.5% |
| Listerhill Credit Union | $2,365,000 | $2,955,000 | 24.9% | 0.5% |
| Flagstar Bank, FSB | $2,885,000 | $2,950,000 | 2.3% | 0.5% |
| First National Bank of Pulaski | $1,525,000 | $2,870,000 | 88.2% | 0.5% |
| GUILD MORTGAGE COMPANY | $3,525,000 | $2,815,000 | -20.1% | 0.5% |
| First Farmers and Merchants Bank | $2,795,000 | n/a | 0.4% | |
| BancorpSouth | $3,245,000 | $2,740,000 | -15.6% | 0.4% |
| Equity Prime Mortgage LLC | $1,650,000 | $2,735,000 | 65.8% | 0.4% |
| TJC Mortgage, Inc. | $2,870,000 | $2,655,000 | -7.5% | 0.4% |
| The Loan Store, Inc. | $720,000 | $2,600,000 | 261.1% | 0.4% |
| MOVEMENT MORTGAGE, LLC | $4,685,000 | $2,450,000 | -47.7% | 0.4% |
| Victorian Finance, LLC | $2,725,000 | $2,355,000 | -13.6% | 0.4% |
| Total Media Management, LLC | $2,265,000 | n/a | 0.4% | |
| VILLAGE CAPITAL MORTGAGE | $1,295,000 | $2,200,000 | 69.9% | 0.4% |
| LENDINGONE, LLC | $1,755,000 | $2,175,000 | 23.9% | 0.3% |
| Consumer First Mortgage, Inc. | $2,505,000 | $2,155,000 | -14.0% | 0.3% |
| Carrington Mortgage Services, LLC | $1,760,000 | $2,050,000 | 16.5% | 0.3% |
| TRIAD FINANCIAL SERVICES, INC. | $2,065,000 | $1,975,000 | -4.4% | 0.3% |
| CIS Financial Services, Inc. | $3,715,000 | $1,955,000 | -47.4% | 0.3% |
| LENDINGHOME FUNDING CORPORATION | $550,000 | $1,950,000 | 254.5% | 0.3% |
| Bryant Bank | $600,000 | $1,890,000 | 215.0% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $380,000 | $1,875,000 | 393.4% | 0.3% |
| U.S. Bank | $1,145,000 | $1,860,000 | 62.4% | 0.3% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $1,785,000 | n/a | 0.3% | |
| FIRST COMMUNITY MORTGAGE, INC. | $1,815,000 | $1,745,000 | -3.9% | 0.3% |
| Hamilton Mortgage Corporation | $2,980,000 | $1,645,000 | -44.8% | 0.3% |
| Prosperity Home Mortgage, LLC | $185,000 | $1,605,000 | 767.6% | 0.3% |
| AVADIAN | $1,255,000 | $1,595,000 | 27.1% | 0.3% |
| Magnolia Bank | $235,000 | $1,595,000 | 578.7% | 0.3% |
| T2 FINANCIAL LLC | $1,580,000 | n/a | 0.3% | |
| Citizens Bank | $330,000 | $1,515,000 | 359.1% | 0.2% |
| South State Bank | $625,000 | $1,425,000 | 128.0% | 0.2% |
| Discover Bank | $1,045,000 | $1,385,000 | 32.5% | 0.2% |
| Premier Bank of the South | $1,265,000 | $1,350,000 | 6.7% | 0.2% |
| SmartBank | $1,320,000 | n/a | 0.2% | |
| First Federal Bank | $830,000 | $1,295,000 | 56.0% | 0.2% |
| CONTOUR MORTGAGE CORPORATION | $105,000 | $1,245,000 | 1,085.7% | 0.2% |
| NEW DAY FINANCIAL, LLC | $1,290,000 | $1,240,000 | -3.9% | 0.2% |
| First South Farm Credit, ACA | $865,000 | $1,235,000 | 42.8% | 0.2% |
| Ameris Bank | $530,000 | $1,230,000 | 132.1% | 0.2% |
| CARDINAL FINANCIAL | $5,885,000 | $1,230,000 | -79.1% | 0.2% |
| Citibank | $265,000 | $1,225,000 | 362.3% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $415,000 | $1,205,000 | 190.4% | 0.2% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $2,740,000 | $1,155,000 | -57.8% | 0.2% |
| Plains Commerce Bank | $2,215,000 | $1,140,000 | -48.5% | 0.2% |
| CALCON MUTUAL MORTGAGE LLC | $1,135,000 | n/a | 0.2% | |
| Morgan Stanley Private Bank | $720,000 | $1,135,000 | 57.6% | 0.2% |
| SUN WEST MORTGAGE COMPANY, INC. | $580,000 | $1,130,000 | 94.8% | 0.2% |
| Alabama One Credit Union | $415,000 | $1,110,000 | 167.5% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $2,690,000 | $1,075,000 | -60.0% | 0.2% |
| Figure Lending LLC | $170,000 | $1,065,000 | 526.5% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $1,050,000 | $1,060,000 | 1.0% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,635,000 | $1,030,000 | -71.7% | 0.2% |
| The Federal Savings Bank | $575,000 | $1,025,000 | 78.3% | 0.2% |
| Citadel Servicing Corporation | $175,000 | $1,005,000 | 474.3% | 0.2% |
| AMERICA'S FIRST | $420,000 | $1,000,000 | 138.1% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $1,180,000 | $995,000 | -15.7% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $260,000 | $990,000 | 280.8% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $1,880,000 | $985,000 | -47.6% | 0.2% |
| Princeton Mortgage Corporation | $420,000 | $980,000 | 133.3% | 0.2% |
| Presidential Bank, FSB | $965,000 | n/a | 0.2% | |
| ALABAMA CREDIT UNION | $695,000 | $945,000 | 36.0% | 0.2% |
| NBKC BANK | $930,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $600,000 | $920,000 | 53.3% | 0.1% |
| Truist | $1,245,000 | $910,000 | -26.9% | 0.1% |
| CSL Financial, LLC | $1,345,000 | $850,000 | -36.8% | 0.1% |
| PHH Mortgage Corporation | $190,000 | $845,000 | 344.7% | 0.1% |
| CMG MORTGAGE, INC. | $1,110,000 | $840,000 | -24.3% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $710,000 | $830,000 | 16.9% | 0.1% |
| First Horizon Bank | $1,365,000 | $815,000 | -40.3% | 0.1% |
| Citizens Bank & Trust | $225,000 | $810,000 | 260.0% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $560,000 | $780,000 | 39.3% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,620,000 | $770,000 | -52.5% | 0.1% |
| Bank of America | $650,000 | $760,000 | 16.9% | 0.1% |
| Ally Bank | $520,000 | $735,000 | 41.3% | 0.1% |
| AMERICAN FINANCING CORPORATION | $450,000 | $735,000 | 63.3% | 0.1% |
| AmeriHome Mortgage Company, LLC | $265,000 | $730,000 | 175.5% | 0.1% |
| Atlantic Coast Mortgage, LLC | $715,000 | n/a | 0.1% | |
| First Metro Bank | $880,000 | $710,000 | -19.3% | 0.1% |
| HOME TOWN FUNDING, INC. | $685,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $315,000 | $650,000 | 106.3% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $155,000 | $630,000 | 306.5% | 0.1% |
| SWBC MORTGAGE CORPORATION | $625,000 | n/a | 0.1% | |
| GUARANTEED RATE, INC. | $2,245,000 | $615,000 | -72.6% | 0.1% |
| COUNTRYPLACE MORTGAGE, LTD. | $360,000 | $600,000 | 66.7% | 0.1% |
| ZILLOW HOME LOANS, LLC | $295,000 | $595,000 | 101.7% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $705,000 | $580,000 | -17.7% | 0.1% |
| EMBRACE HOME LOANS, INC. | $245,000 | $575,000 | 134.7% | 0.1% |
| Bank of England | $565,000 | n/a | 0.1% | |
| ServisFirst Bank | $1,040,000 | $555,000 | -46.6% | 0.1% |
| MORTGAGE ACCESS CORP. | $540,000 | n/a | 0.1% | |
| TEXAS TECH | $530,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $510,000 | n/a | 0.1% | |
| Pinnacle Bank | $1,095,000 | $490,000 | -55.3% | 0.1% |
| Florida Capital Bank | $485,000 | n/a | 0.1% | |
| Northpointe Bank | $480,000 | n/a | 0.1% | |
| ENDEAVOR CAPITAL, LLC. | $475,000 | n/a | 0.1% | |
| OCMBC, INC. | $470,000 | n/a | 0.1% | |
| RESIDENTIAL BANCORP | $470,000 | n/a | 0.1% | |
| S1L, Inc. | $400,000 | $470,000 | 17.5% | 0.1% |
| Wolfe Financial, Inc | $260,000 | $470,000 | 80.8% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $465,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $450,000 | n/a | 0.1% | |
| First National Bank of America | $445,000 | n/a | 0.1% | |
| CORNERSTONE HOME LENDING, INC. | $705,000 | $435,000 | -38.3% | 0.1% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $450,000 | $430,000 | -4.4% | 0.1% |
| MILEND, INC. | $1,030,000 | $430,000 | -58.3% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $420,000 | n/a | 0.1% | |
| FIRST STATE MORTGAGE SERVICES, LLC | $420,000 | n/a | 0.1% | |
| FBC MORTGAGE, LLC | $405,000 | n/a | 0.1% | |
| SIRVA MORTGAGE, INC. | $590,000 | $385,000 | -34.7% | 0.1% |
| Lakeview Community Capital, LLC | $375,000 | n/a | 0.1% | |
| The First National Bank of Pandora | $375,000 | n/a | 0.1% | |
| OPEN MORTGAGE, LLC | $365,000 | n/a | 0.1% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $215,000 | $360,000 | 67.4% | 0.1% |
| Loan Simple, Inc. | $355,000 | n/a | 0.1% | |
| ENCORE BANK | $325,000 | n/a | 0.1% | |
| Coastal Community Bank | $595,000 | $320,000 | -46.2% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $235,000 | $305,000 | 29.8% | 0.0% |
| Nations Lending Corporation | $995,000 | $295,000 | -70.4% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $145,000 | $290,000 | 100.0% | 0.0% |
| Arvest Bank | $565,000 | $285,000 | -49.6% | 0.0% |
| First National Bank | $275,000 | n/a | 0.0% | |
| Merchants & Marine Bank | $275,000 | n/a | 0.0% | |
| First Savings Bank | $540,000 | $265,000 | -50.9% | 0.0% |
| GEO-CORP, INC. | $265,000 | n/a | 0.0% | |
| First Jackson Bank, Inc. | $255,000 | n/a | 0.0% | |
| First Southern Bank | $680,000 | $255,000 | -62.5% | 0.0% |
| SPRING EQ, LLC | $610,000 | $255,000 | -58.2% | 0.0% |
| M&T Bank | $620,000 | $250,000 | -59.7% | 0.0% |
| ISERVE RESIDENTIAL LENDING, LLC | $285,000 | $245,000 | -14.0% | 0.0% |
| COMMUNITY MORTGAGE, LLC | $235,000 | n/a | 0.0% | |
| 1ST SIGNATURE LENDING, LLC | $225,000 | n/a | 0.0% | |
| OAKTREE FUNDING CORP. | $225,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $220,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $165,000 | $215,000 | 30.3% | 0.0% |
| LOANPAL, LLC | $220,000 | $210,000 | -4.5% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $210,000 | n/a | 0.0% | |
| American Mortgage & Equity Consultants, Inc. | $450,000 | $205,000 | -54.4% | 0.0% |
| Old National Bank | $225,000 | $205,000 | -8.9% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $715,000 | $205,000 | -71.3% | 0.0% |
| Metro City Bank | $195,000 | n/a | 0.0% | |
| NEXERA HOLDING LLC | $195,000 | n/a | 0.0% | |
| LAND HOME FINANCIAL SERVICES, INC. | $190,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $165,000 | $190,000 | 15.2% | 0.0% |
| BankFirst Financial Services | $525,000 | $180,000 | -65.7% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $95,000 | $170,000 | 78.9% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $255,000 | $165,000 | -35.3% | 0.0% |
| BankPlus | $165,000 | $165,000 | 0.0% | 0.0% |
| Cornerstone First Mortgage, Inc | $355,000 | $165,000 | -53.5% | 0.0% |
| EVERETT FINANCIAL, INC. | $165,000 | n/a | 0.0% | |
| ABSOLUTE HOME MORTGAGE CORPORATION | $380,000 | $155,000 | -59.2% | 0.0% |
| KEESLER | $155,000 | n/a | 0.0% | |
| SeaTrust Mortgage Company | $155,000 | $155,000 | 0.0% | 0.0% |
| NFM, INC. | $135,000 | $145,000 | 7.4% | 0.0% |
| PREMIER LENDING, INC. | $145,000 | n/a | 0.0% | |
| AlaTrust Credit Union | $135,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $135,000 | n/a | 0.0% | |
| Mid-Continent Funding, Inc. | $175,000 | $135,000 | -22.9% | 0.0% |
| LOANFLIGHT LENDING, LLC | $105,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $105,000 | n/a | 0.0% | |
| BMO Harris Bank | $95,000 | n/a | 0.0% | |
| TOWER COMMUNITY BANK | $95,000 | n/a | 0.0% | |
| ALL IN | $1,840,000 | $75,000 | -95.9% | 0.0% |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $65,000 | n/a | 0.0% | |
| Gateway First Bank | $245,000 | $55,000 | -77.6% | 0.0% |
| PeoplesTrust Bank | $175,000 | $15,000 | -91.4% | 0.0% |
DECATUR's top lender by overall market share is QUICKEN LOANS, LLC, with 6.7% market share. In second place, with 5.4%, is REDSTONE Federal Credit Union, having originated $33,465,000 in loans. In third place, with 5.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $31,515,000 in loans. In fourth place, with 2.8%, is Regions Bank, having originated $17,750,000 in loans. In fifth place, with 2.8%, is Bank Independent, having originated $17,650,000 in loans.
DECATUR, AL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,780 | $392,560,000 | $220,539 |
| Refi | 475 | $114,755,000 | $241,589 |
| Cash Out Refi | 397 | $72,455,000 | $182,506 |
| Other | 280 | $24,420,000 | $87,214 |
| Home Improvement | 253 | $18,725,000 | $74,012 |
Decatur's most frequently cited loan purpose was Home Purchase, with 1,780 originations. The 2nd most popular reason was Refi, with 475 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,233 | $280,325,000 | $227,352 |
| Over 8% | 763 | $72,585,000 | $95,131 |
| 5-6% | 510 | $137,650,000 | $269,902 |
| 7-8% | 467 | $90,085,000 | $192,901 |
| 4-5% | 34 | $8,190,000 | $240,882 |
| <2.5% | 19 | $4,315,000 | $227,105 |
| 3-4% | 4 | $540,000 | $135,000 |
| 2.5-3% | 1 | $65,000 | $65,000 |
During 2024, Decatur's most frequently originated rate bucket was 6-7%, with 1,233 originations.
Loan Sizing (DECATUR, AL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,074 | $290,930,000 | $270,885 |
| $100k-200k | 1,017 | $152,115,000 | $149,572 |
| $100,000 or less | 904 | $49,780,000 | $55,066 |
| $400k-600k | 140 | $65,200,000 | $465,714 |
| $600k-1000k | 37 | $26,625,000 | $719,595 |
| $Over $1MM | 13 | $38,265,000 | $2,943,462 |
DECATUR's loan sizing saw the bucket of loans from $200k-400k with 1,074 originations, totaling $290,930,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,371 | $329,405,000 | $240,266 |
| 60-80% | 535 | $117,795,000 | $220,178 |
| Under 20% | 358 | $14,780,000 | $41,285 |
| 20-40% | 330 | $27,450,000 | $83,182 |
| 40-60% | 297 | $50,025,000 | $168,434 |
| Over 100% | 89 | $42,015,000 | $472,079 |
DECATUR's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,371 originations, totaling $329,405,000 in origination value.