DECATUR Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Decatur averaged 6.08% for the week of 2024-10-03, compared to the national average of 6.12% for the same period.

The average rate for the prior week (2024-09-26) was 5.84% and one month ago for the week of 2024-08-29, the average rate was 6.51%.

Decatur's average rate one year ago was 7.17%.

For refis of the same type during the week of 2024-10-03, the average rate was 5.59%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-03 6.12%
Decatur 30 Year Fixed Rate 2024-10-03 6.08%
Decatur 30 Year Fixed Rate Refi 2024-10-03 5.59%
Decatur 15 Year Fixed Rate 2024-10-03 5.25%
Decatur 15 Year Fixed Rate Refi 2024-10-03 5.85%
Decatur 30 Year FHA 2024-10-03 5.5%
Decatur 30 Year FHA Refi 2024-10-03 6.09%
Decatur 30 Year USDA 2024-10-03 5.77%
Decatur 30 Year USDA Refi 2024-10-03 5.97%
Decatur 30 Year VA 2024-10-03 5.53%
Decatur 30 Year VA Refi 2024-10-03 5.8%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within DECATUR, AL.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 81 6.82% $6,456
REDSTONE Federal Credit Union 78 7.04% $3,543
UNITED WHOLESALE MORTGAGE, LLC 31 6.69% $6,311
SouthPoint Bank 30 6.55% $4,416
PENNYMAC LOAN SERVICES, LLC 29 6.71% $5,913
MORTGAGE INVESTORS GROUP, INC. 29 2.05% $7,589
BROKER SOLUTIONS, INC. 29 7.03% $4,855
Synovus Bank 28 6.90% $5,462
Bank Independent 27 7.07% $3,892
Renasant Bank 22 6.69% $4,902
Regions Bank 21 6.60% $4,898
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 16 6.79% $3,978
River Bank & Trust 14 6.79% $4,293
CB&S Bank, Inc. 14 7.05% $4,139
United Community Bank 13 6.83% $4,746
VANDERBILT MORTGAGE AND FINANCE, INC. 13 7.22% $5,899
NEWREZ LLC 12 6.45% $5,816
DHI MORTGAGE COMPANY, LTD. 11 5.77% $2,059
Wells Fargo Bank 10 6.98% $5,327
Consumer First Mortgage, Inc. 9 6.81% $4,437
MOVEMENT MORTGAGE, LLC 9 6.32% $5,292
GMFS LLC 8 7.00% $5,748
Trustmark National Bank 7 6.71% $4,788
Listerhill Credit Union 6 6.52% $2,619
AMERICAN PORTFOLIO MORTGAGE CORPORATION 6 6.90% $5,945
BancorpSouth 6 7.04% $4,473
PNC Bank 6 6.58% $3,868
FirstBank 6 6.73% $5,540
First Federal Bank, A FSB 6 6.60% $5,215
GUARANTEED RATE, INC. 5 6.40% $5,244
FIRST COMMUNITY MORTGAGE, INC. 5 6.58% $4,328
Assurance Financial Group, L.L.C. 5 7.22% $5,327
Mr. Cooper ( Nationstar Mortgage ) 4 6.77% $5,575
AMERISAVE MORTGAGE CORPORATION 4 6.03% $7,256
The Loan Store, Inc. 4 6.97% $4,117
FREEDOM MORTGAGE CORPORATION 4 6.62% $9,148
First Horizon Bank 4 6.75% $5,203
GUILD MORTGAGE COMPANY 4 6.56% $4,836
JPMorgan Chase Bank 4 7.63% $3,189
Hamilton Mortgage Corporation 4 7.13% $2,869
Plains Commerce Bank 4 6.81% $10,472
Victorian Finance, LLC 4 7.34% $5,347
NAVY FEDERAL CREDIT UNION 4 6.91% $3,777
CROSSCOUNTRY MORTGAGE, LLC 4 6.51% $7,152
Neighborhood Loans, Inc. 3 6.46% $4,441
ALABAMA CREDIT UNION 3 5.46% $2,338
AVADIAN 3 6.42% $4,207
CARDINAL FINANCIAL 3 6.79% $5,922
LOANDEPOT.COM, LLC 3 7.38% $4,905
TJC Mortgage, Inc. 3 7.29% $5,752
STOCKTON MORTGAGE CORPORATION 2 6.69% $7,736
Ameris Bank 2 6.63% $3,327
M&T Bank 2 7.63% $4,443
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.19% $4,421
ASCEND FEDERAL CREDIT UNION 2 5.81% $3,172
ROYAL UNITED MORTGAGE LLC 2 7.44% $6,584
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.88% $3,784
CORNERSTONE HOME LENDING, INC. 2 7.37% $4,037
21ST MORTGAGE CORPORATION 2 8.27% $5,431
UNION HOME MORTGAGE CORP. 2 6.56% $5,842
Citizens Bank 2 7.13% $2,622
HOMEOWNERS FINANCIAL GROUP USA, LLC 2 8.13% $4,460
USAA Federal Savings Bank 2 6.94% $3,859
U.S. Bank 2 7.56% $4,013
AMERICAN FINANCIAL NETWORK, INC. 2 6.50% $7,723
Morgan Stanley Private Bank 2 6.03% $4,311
Ally Bank 2 6.63% $9,718
Bank of America 2 7.50% $4,226
GUARANTY HOME MORTGAGE CORPORATION 2 6.31% $6,265
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.50% $4,294
Prosperity Home Mortgage, LLC 1 5.63% $6,860
Century Mortgage Company DBA Century Lending Company 1 7.63% $9,753
RADIUS FINANCIAL GROUP INC. 1 6.63% $5,264
Carrington Mortgage Services, LLC 1 6.00% $5,070
RELIANCE FIRST CAPITAL, LLC 1 5.88% $6,367
AUSTIN TELCO Federal Credit Union 1 6.00% $4,573
S1L, Inc. 1 6.99% $3,558
SeaTrust Mortgage Company 1 7.63% $5,980
ServisFirst Bank 1 6.25% $17,847
SHELTER HOME MORTGAGE, LLC 1 6.88% $5,564
SIRVA MORTGAGE, INC. 1 6.75% $1,843
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $3,491
SOUTHWEST STAGE FUNDING, LLC 1 6.95% $7,795
The Bank of Missouri 1 6.00% $2,117
The Central Trust Bank 1 6.13% $5,008
AmeriHome Mortgage Company, LLC 1 6.50% $10,364
ZILLOW HOME LOANS, LLC 1 6.88% $5,196
Truist 1 6.60% $8,349
AMERICA'S FIRST 1 6.63% $5,476
TVA Community Credit Union 1 6.00% $3,875
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $4,763
Flagstar Bank, FSB 1 6.13% $5,902
AMERICAN BANCSHARES MORTGAGE 1 7.38% $4,381
Gateway First Bank 1 7.00% $4,942
American Mortgage & Equity Consultants, Inc. 1 7.25% $5,671
FirstTrust Home Loans, Inc. 1 6.50% $7,157
HOMESTAR FINANCIAL CORPORATION 1 7.25% $3,555
INTERCOASTAL MORTGAGE COMPANY 1 7.13% $5,361
Ixonia Bank 1 7.50% $4,400
FIRST COLONY MORTGAGE CORPORATION 1 8.38% $7,401
LENDSURE MORTGAGE CORP. 1 7.25% $9,923
LENOX FINANCIAL MORTGAGE CORPORATION 1 6.88% $4,061
First Citizens National Bank 1 7.22% $6,912
WINGS FINANCIAL 1 4.88% $2,804
Farmers Bank & Trust 1 6.38% $3,488
EMM LOANS LLC 1 7.50% $5,867
DAS Acquisition Company, LLC 1 7.38% $4,368
Nations Lending Corporation 1 6.88% $2,932
NFM, INC. 1 7.13% $5,586
Citibank 1 6.75% $3,344
Pinnacle Bank 1 6.13% $2,379
CIS Financial Services, Inc. 1 6.75% $3,931
CHURCHILL MORTGAGE CORPORATION 1 7.88% $4,204

DECATUR Average Closing Costs & Other Stats

DECATUR, AL's 113 lenders originated 2,996 loans during 2023. The total origination value was $559,330,000, with an average loan value of $186,692.

DECATUR's average closing costs are $4,862.

The top DECATUR lender as defined by loan originations is QUICKEN LOANS, LLC, with 81 loans originated. Their average total fees are $6,456, which is $2,913 higher than the next largest lender, REDSTONE Federal Credit Union.

The lowest fee DECATUR lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($2,059), REDSTONE Federal Credit Union ($3,543), Bank Independent ($3,892), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,978) and CB&S Bank, Inc. ($4,139).

The lowest rate DECATUR lenders (with over 10 loans originated) are MORTGAGE INVESTORS GROUP, INC. (2.05%), DHI MORTGAGE COMPANY, LTD. (5.77%), NEWREZ LLC (6.45%), SouthPoint Bank (6.55%) and Regions Bank (6.60%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
QUICKEN LOANS, LLC $55,710,000 $37,500,000 -32.7% 6.7%
REDSTONE Federal Credit Union $48,135,000 $35,190,000 -26.9% 6.3%
UNITED WHOLESALE MORTGAGE, LLC $25,905,000 $26,490,000 2.3% 4.7%
GREYSTONE SERVICING COMPANY LLC $26,255,000 n/a 4.7%
Renasant Bank $20,975,000 $20,145,000 -4.0% 3.6%
River Bank & Trust $17,500,000 $16,915,000 -3.3% 3.0%
Regions Bank $26,845,000 $16,380,000 -39.0% 2.9%
BROKER SOLUTIONS, INC. $18,095,000 $14,590,000 -19.4% 2.6%
Bank Independent $22,025,000 $14,080,000 -36.1% 2.5%
Synovus Bank $21,070,000 $13,295,000 -36.9% 2.4%
MORTGAGE INVESTORS GROUP, INC. $13,870,000 $13,105,000 -5.5% 2.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $10,145,000 $12,325,000 21.5% 2.2%
SouthPoint Bank $21,530,000 $12,325,000 -42.8% 2.2%
PENNYMAC LOAN SERVICES, LLC $9,515,000 $10,930,000 14.9% 2.0%
Mortgage Research Center, LLC $15,320,000 $10,030,000 -34.5% 1.8%
VANDERBILT MORTGAGE AND FINANCE, INC. $7,860,000 $9,660,000 22.9% 1.7%
PNC Bank $10,490,000 $9,300,000 -11.3% 1.7%
21ST MORTGAGE CORPORATION $5,005,000 $7,965,000 59.1% 1.4%
DHI MORTGAGE COMPANY, LTD. $1,505,000 $7,660,000 409.0% 1.4%
CB&S Bank, Inc. $8,995,000 $7,655,000 -14.9% 1.4%
GMFS LLC $11,635,000 $6,350,000 -45.4% 1.1%
CARDINAL FINANCIAL $3,535,000 $5,885,000 66.5% 1.1%
NEWREZ LLC $9,270,000 $5,830,000 -37.1% 1.0%
FREEDOM MORTGAGE CORPORATION $11,790,000 $5,650,000 -52.1% 1.0%
United Community Bank $65,000 $5,585,000 8,492.3% 1.0%
NAVY FEDERAL CREDIT UNION $3,715,000 $5,190,000 39.7% 0.9%
LOANDEPOT.COM, LLC $15,970,000 $5,170,000 -67.6% 0.9%
Peoples Bank of Alabama $9,110,000 $4,785,000 -47.5% 0.9%
FirstBank $12,065,000 $4,745,000 -60.7% 0.8%
MOVEMENT MORTGAGE, LLC $8,655,000 $4,685,000 -45.9% 0.8%
USAA Federal Savings Bank $2,350,000 $4,150,000 76.6% 0.7%
Trustmark National Bank $5,470,000 $3,865,000 -29.3% 0.7%
CIS Financial Services, Inc. $1,590,000 $3,715,000 133.6% 0.7%
CROSSCOUNTRY MORTGAGE, LLC $1,845,000 $3,635,000 97.0% 0.6%
GUILD MORTGAGE COMPANY $1,585,000 $3,525,000 122.4% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $9,075,000 $3,510,000 -61.3% 0.6%
Wells Fargo Bank $7,615,000 $3,455,000 -54.6% 0.6%
BancorpSouth $6,390,000 $3,245,000 -49.2% 0.6%
CBRE MULTIFAMILY CAPITAL, INC. $3,125,000 n/a 0.6%
Hamilton Mortgage Corporation $1,935,000 $2,980,000 54.0% 0.5%
EvaBank $2,275,000 $2,945,000 29.5% 0.5%
First Federal Bank, A FSB $2,045,000 $2,895,000 41.6% 0.5%
Flagstar Bank, FSB $7,995,000 $2,885,000 -63.9% 0.5%
TJC Mortgage, Inc. $6,540,000 $2,870,000 -56.1% 0.5%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $2,740,000 n/a 0.5%
Victorian Finance, LLC $2,725,000 n/a 0.5%
AMERISAVE MORTGAGE CORPORATION $4,865,000 $2,690,000 -44.7% 0.5%
Family Security Credit Union $4,660,000 $2,580,000 -44.6% 0.5%
Consumer First Mortgage, Inc. $2,410,000 $2,505,000 3.9% 0.4%
MUTUAL OF OMAHA MORTGAGE, INC. $4,745,000 $2,405,000 -49.3% 0.4%
Listerhill Credit Union $9,920,000 $2,365,000 -76.2% 0.4%
Assurance Financial Group, L.L.C. $1,645,000 $2,265,000 37.7% 0.4%
GUARANTEED RATE, INC. $1,330,000 $2,245,000 68.8% 0.4%
Plains Commerce Bank $250,000 $2,215,000 786.0% 0.4%
TRIAD FINANCIAL SERVICES, INC. $1,380,000 $2,065,000 49.6% 0.4%
Century Mortgage Company DBA Century Lending Company $360,000 $1,880,000 422.2% 0.3%
ALL IN $85,000 $1,840,000 2,064.7% 0.3%
FIRST COMMUNITY MORTGAGE, INC. $6,445,000 $1,815,000 -71.8% 0.3%
FIRST CONTINENTAL MORTGAGE, LTD. $1,770,000 n/a 0.3%
Carrington Mortgage Services, LLC $2,125,000 $1,760,000 -17.2% 0.3%
LENDINGONE, LLC $3,335,000 $1,755,000 -47.4% 0.3%
Armed Forces Bank $355,000 $1,695,000 377.5% 0.3%
Equity Prime Mortgage LLC $1,910,000 $1,650,000 -13.6% 0.3%
AMERICAN FINANCIAL NETWORK, INC. $1,620,000 n/a 0.3%
Traditions Bank $5,430,000 $1,595,000 -70.6% 0.3%
First National Bank of Pulaski $4,315,000 $1,525,000 -64.7% 0.3%
First Citizens National Bank $1,465,000 n/a 0.3%
First Horizon Bank $1,880,000 $1,365,000 -27.4% 0.2%
CSL Financial, LLC $1,495,000 $1,345,000 -10.0% 0.2%
JPMorgan Chase Bank $2,165,000 $1,295,000 -40.2% 0.2%
VILLAGE CAPITAL MORTGAGE $990,000 $1,295,000 30.8% 0.2%
NEW DAY FINANCIAL, LLC $2,485,000 $1,290,000 -48.1% 0.2%
Premier Bank of the South $2,680,000 $1,265,000 -52.8% 0.2%
AVADIAN $755,000 $1,255,000 66.2% 0.2%
Truist $2,365,000 $1,245,000 -47.4% 0.2%
SOUTHWEST STAGE FUNDING, LLC $1,025,000 $1,180,000 15.1% 0.2%
PLANET HOME LENDING, LLC $905,000 $1,150,000 27.1% 0.2%
U.S. Bank $875,000 $1,145,000 30.9% 0.2%
FIRST COLONY MORTGAGE CORPORATION $165,000 $1,130,000 584.8% 0.2%
CMG MORTGAGE, INC. $965,000 $1,110,000 15.0% 0.2%
Pinnacle Bank $600,000 $1,095,000 82.5% 0.2%
Paramount Residential Mortgage Group, Inc. $235,000 $1,050,000 346.8% 0.2%
UNION HOME MORTGAGE CORP. $730,000 $1,050,000 43.8% 0.2%
Discover Bank $700,000 $1,045,000 49.3% 0.2%
ServisFirst Bank $195,000 $1,040,000 433.3% 0.2%
MILEND, INC. $215,000 $1,030,000 379.1% 0.2%
Nations Lending Corporation $345,000 $995,000 188.4% 0.2%
STOCKTON MORTGAGE CORPORATION $225,000 $890,000 295.6% 0.2%
First Metro Bank $880,000 n/a 0.2%
Southwest Georgia Farm Credit, ACA $875,000 n/a 0.2%
First South Farm Credit, ACA $1,240,000 $865,000 -30.2% 0.2%
First Federal Bank $1,010,000 $830,000 -17.8% 0.1%
AMCAP MORTGAGE, LTD. $730,000 n/a 0.1%
Morgan Stanley Private Bank $515,000 $720,000 39.8% 0.1%
The Loan Store, Inc. $720,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $540,000 $715,000 32.4% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $485,000 $710,000 46.4% 0.1%
CORNERSTONE HOME LENDING, INC. $465,000 $705,000 51.6% 0.1%
SECURITYNATIONAL MORTGAGE COMPANY $2,740,000 $705,000 -74.3% 0.1%
ALABAMA CREDIT UNION $675,000 $695,000 3.0% 0.1%
Farmers Bank & Trust $690,000 n/a 0.1%
First Southern Bank $1,475,000 $680,000 -53.9% 0.1%
Bank of America $805,000 $650,000 -19.3% 0.1%
GENEVA FINANCIAL, LLC $980,000 $650,000 -33.7% 0.1%
South State Bank $1,845,000 $625,000 -66.1% 0.1%
M&T Bank $180,000 $620,000 244.4% 0.1%
SPRING EQ, LLC $285,000 $610,000 114.0% 0.1%
Bryant Bank $4,310,000 $600,000 -86.1% 0.1%
ROYAL UNITED MORTGAGE LLC $245,000 $600,000 144.9% 0.1%
Coastal Community Bank $595,000 n/a 0.1%
North Alabama Bank $595,000 n/a 0.1%
SIRVA MORTGAGE, INC. $1,295,000 $590,000 -54.4% 0.1%
MORIA DEVELOPMENT, INC. $585,000 n/a 0.1%
SUN WEST MORTGAGE COMPANY, INC. $420,000 $580,000 38.1% 0.1%
The Federal Savings Bank $1,770,000 $575,000 -67.5% 0.1%
Arvest Bank $110,000 $565,000 413.6% 0.1%
TOP FLITE FINANCIAL, INC. $560,000 n/a 0.1%
LENDINGHOME FUNDING CORPORATION $145,000 $550,000 279.3% 0.1%
FAMILY SAVINGS $95,000 $545,000 473.7% 0.1%
First Savings Bank $680,000 $540,000 -20.6% 0.1%
Ameris Bank $1,200,000 $530,000 -55.8% 0.1%
BankFirst Financial Services $360,000 $525,000 45.8% 0.1%
Ally Bank $200,000 $520,000 160.0% 0.1%
BAYSHORE MORTGAGE FUNDING, LLC $1,630,000 $515,000 -68.4% 0.1%
CHURCHILL MORTGAGE CORPORATION $1,065,000 $490,000 -54.0% 0.1%
LENOX FINANCIAL MORTGAGE CORPORATION $490,000 n/a 0.1%
SUPERIOR CHOICE $490,000 n/a 0.1%
RUOFF MORTGAGE COMPANY, INC. $250,000 $480,000 92.0% 0.1%
ASCEND FEDERAL CREDIT UNION $215,000 $470,000 118.6% 0.1%
TOWNE MORTGAGE COMPANY $1,185,000 $460,000 -61.2% 0.1%
A&D Mortgage LLC $455,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $1,135,000 $450,000 -60.4% 0.1%
American Mortgage & Equity Consultants, Inc. $450,000 n/a 0.1%
GUARANTY HOME MORTGAGE CORPORATION $2,470,000 $450,000 -81.8% 0.1%
HOMEOWNERS FINANCIAL GROUP USA, LLC $450,000 n/a 0.1%
DOMINION FINANCIAL SERVICES, LLC $440,000 n/a 0.1%
FirstTrust Home Loans, Inc. $530,000 $435,000 -17.9% 0.1%
NETWORK CAPITAL FUNDING CORPORATION $300,000 $430,000 43.3% 0.1%
AMERICA'S FIRST $740,000 $420,000 -43.2% 0.1%
Princeton Mortgage Corporation $420,000 n/a 0.1%
Alabama One Credit Union $415,000 n/a 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $2,745,000 $415,000 -84.9% 0.1%
S1L, Inc. $400,000 n/a 0.1%
ABSOLUTE HOME MORTGAGE CORPORATION $380,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $1,435,000 $380,000 -73.5% 0.1%
ALLIED MORTGAGE GROUP, INC. $375,000 n/a 0.1%
HOMESTAR FINANCIAL CORPORATION $350,000 $370,000 5.7% 0.1%
BNC National Bank $415,000 $365,000 -12.0% 0.1%
COUNTRYPLACE MORTGAGE, LTD. $475,000 $360,000 -24.2% 0.1%
Cornerstone First Mortgage, Inc $355,000 n/a 0.1%
INTERCOASTAL MORTGAGE COMPANY $355,000 n/a 0.1%
MIDLAND MORTGAGE CORPORATION $355,000 n/a 0.1%
WINGS FINANCIAL $355,000 n/a 0.1%
APCO EMPLOYEES $310,000 $350,000 12.9% 0.1%
TVA Community Credit Union $770,000 $350,000 -54.5% 0.1%
The Central Trust Bank $345,000 n/a 0.1%
Citizens Bank $445,000 $330,000 -25.8% 0.1%
EMM LOANS LLC $125,000 $330,000 164.0% 0.1%
LEADERONE FINANCIAL CORPORATION $555,000 $330,000 -40.5% 0.1%
Neighborhood Loans, Inc. $95,000 $325,000 242.1% 0.1%
THE MORTGAGE FIRM, INC. $400,000 $325,000 -18.8% 0.1%
PLAZA HOME MORTGAGE, INC. $315,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $705,000 $295,000 -58.2% 0.1%
AMERICAN BANCSHARES MORTGAGE $285,000 n/a 0.1%
ISERVE RESIDENTIAL LENDING, LLC $285,000 n/a 0.1%
Ixonia Bank $285,000 n/a 0.1%
SOUTHPOINT FINANCIAL SERVICES, INC. $285,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $915,000 $265,000 -71.0% 0.0%
Citibank $265,000 n/a 0.0%
NATIONS DIRECT MORTGAGE, LLC $1,220,000 $265,000 -78.3% 0.0%
Barrington Bank & Trust Company, N.A. $495,000 $260,000 -47.5% 0.0%
Wolfe Financial, Inc $1,135,000 $260,000 -77.1% 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $1,780,000 $255,000 -85.7% 0.0%
The Hometown Bank of Alabama $255,000 n/a 0.0%
EMBRACE HOME LOANS, INC. $1,145,000 $245,000 -78.6% 0.0%
Gateway First Bank $1,710,000 $245,000 -85.7% 0.0%
LENDSURE MORTGAGE CORP. $245,000 n/a 0.0%
Stifel Bank and Trust $245,000 n/a 0.0%
Magnolia Bank $235,000 n/a 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $3,530,000 $235,000 -93.3% 0.0%
Honor Credit Union $230,000 n/a 0.0%
Citizens Bank & Trust $2,105,000 $225,000 -89.3% 0.0%
Old National Bank $225,000 n/a 0.0%
LOANPAL, LLC $65,000 $220,000 238.5% 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $385,000 $215,000 -44.2% 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $110,000 $215,000 95.5% 0.0%
ON Q FINANCIAL, INC. $215,000 n/a 0.0%
APCI Federal Credit Union $235,000 $200,000 -14.9% 0.0%
DELMAR FINANCIAL COMPANY $195,000 n/a 0.0%
PHH Mortgage Corporation $775,000 $190,000 -75.5% 0.0%
INTERCAP LENDING INC. $115,000 $185,000 60.9% 0.0%
Prosperity Home Mortgage, LLC $275,000 $185,000 -32.7% 0.0%
Citadel Servicing Corporation $155,000 $175,000 12.9% 0.0%
Mid-Continent Funding, Inc. $440,000 $175,000 -60.2% 0.0%
PeoplesTrust Bank $175,000 n/a 0.0%
TOTAL MORTGAGE SERVICES, LLC $175,000 n/a 0.0%
Figure Lending LLC $350,000 $170,000 -51.4% 0.0%
BankPlus $275,000 $165,000 -40.0% 0.0%
LIBERTY HOME MORTGAGE CORPORATION $590,000 $165,000 -72.0% 0.0%
LIMA ONE CAPITAL, LLC $280,000 $165,000 -41.1% 0.0%
HOMEXPRESS MORTGAGE CORP. $155,000 n/a 0.0%
SeaTrust Mortgage Company $145,000 $155,000 6.9% 0.0%
ALABAMA TEACHERS $145,000 $145,000 0.0% 0.0%
RADIUS FINANCIAL GROUP INC. $145,000 n/a 0.0%
RELIANCE FIRST CAPITAL, LLC $1,265,000 $145,000 -88.5% 0.0%
TEMPLE VIEW CAPITAL FUNDING, LP $145,000 n/a 0.0%
Axos Bank $135,000 n/a 0.0%
NFM, INC. $175,000 $135,000 -22.9% 0.0%
Sunflower Bank $235,000 $135,000 -42.6% 0.0%
AUSTIN TELCO Federal Credit Union $125,000 n/a 0.0%
DAS Acquisition Company, LLC $690,000 $125,000 -81.9% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $65,000 $125,000 92.3% 0.0%
The Bank of Missouri $125,000 n/a 0.0%
Northwest Federal Credit Union $115,000 n/a 0.0%
USAlliance Federal Credit Union $115,000 n/a 0.0%
CONTOUR MORTGAGE CORPORATION $135,000 $105,000 -22.2% 0.0%
MID AMERICA MORTGAGE, INC. $375,000 $95,000 -74.7% 0.0%
SHELTER HOME MORTGAGE, LLC $95,000 n/a 0.0%
American Airlines Federal Credit Union $55,000 n/a 0.0%
Alabama Central Credit Union $250,000 $35,000 -86.0% 0.0%
Tyndall Federal Credit Union $125,000 $35,000 -72.0% 0.0%

DECATUR's top lender by overall market share is QUICKEN LOANS, LLC, with 6.7% market share. In second place, with 6.3%, is REDSTONE Federal Credit Union, having originated $35,190,000 in loans. In third place, with 4.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $26,490,000 in loans. In fourth place, with 4.7%, is GREYSTONE SERVICING COMPANY LLC, having originated $26,255,000 in loans. In fifth place, with 3.6%, is Renasant Bank, having originated $20,145,000 in loans.


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

Realtor.com - DECATUR (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 $175,175 (16.9%) $216,029 (17.1%) 0.65 560
2018-02-01 $174,925 (16.7%) $218,289 (20.5%) 0.64 558
2018-03-01 $175,000 (16.7%) $218,806 (17.3%) 0.61 537
2018-04-01 $182,400 (14.1%) $223,722 (16.8%) 0.62 518
2018-05-01 $179,950 (9.6%) $218,401 (11.9%) 0.60 545
2018-06-01 $179,993 (6.2%) $216,990 (5.2%) 0.60 554
2018-07-01 $187,900 (10.6%) $226,759 (9.3%) 0.63 523
2018-08-01 $179,900 (5.9%) $223,650 (7.4%) 0.60 521
2018-09-01 $189,500 (11.5%) $226,709 (9.0%) 0.64 504
2018-10-01 $184,900 (8.9%) $224,935 (9.1%) 0.63 499
2018-11-01 $183,675 (8.1%) $225,595 (9.4%) 0.62 485
2018-12-01 $185,000 (8.9%) $227,662 (6.3%) 0.64 474
2019-01-01 $182,450 (4.2%) $226,490 (4.8%) 0.63 452
2019-02-01 $184,925 (5.7%) $225,725 (3.4%) 0.62 435
2019-03-01 $182,757 (4.4%) $226,306 (3.4%) 0.60 399
2019-04-01 $180,257 (-1.2%) $229,471 (2.6%) 0.57 374
2019-05-01 $192,100 (6.8%) $241,353 (10.5%) 0.60 376
2019-06-01 $199,900 (11.1%) $247,243 (13.9%) 0.62 377
2019-07-01 $195,450 (4.0%) $250,341 (10.4%) 0.61 381
2019-08-01 $203,636 (13.2%) $257,024 (14.9%) 0.64 378
2019-09-01 $201,590 (6.4%) $259,003 (14.2%) 0.65 374
2019-10-01 $200,000 (8.2%) $259,922 (15.6%) 0.65 370
2019-11-01 $199,950 (8.9%) $264,249 (17.1%) 0.66 355
2019-12-01 $199,775 (8.0%) $263,042 (15.5%) 0.67 331
2020-01-01 $201,415 (10.4%) $267,726 (18.2%) 0.67 310
2020-02-01 $199,999 (8.2%) $262,468 (16.3%) 0.65 293
2020-03-01 $210,690 (15.3%) $253,762 (12.1%) 0.66 252
2020-04-01 $217,450 (20.6%) $265,541 (15.7%) 0.68 247
2020-05-01 $220,000 (14.5%) $260,523 (7.9%) 0.67 241
2020-06-01 $215,225 (7.7%) $252,965 (2.3%) 0.63 218
2020-07-01 $216,400 (10.7%) $255,870 (2.2%) 0.63 221
2020-08-01 $229,900 (12.9%) $284,330 (10.6%) 0.66 200
2020-09-01 $229,925 (14.1%) $285,807 (10.4%) 0.66 196
2020-10-01 $229,900 (15.0%) $291,237 (12.1%) 0.66 192
2020-11-01 $228,791 (14.4%) $289,256 (9.5%) 0.67 181
2020-12-01 $224,900 (12.6%) $285,079 (8.4%) 0.67 175
2021-01-01 $223,750 (11.1%) $291,958 (9.1%) 0.67 152
2021-02-01 $235,338 (17.7%) $310,661 (18.4%) 0.69 124
2021-03-01 $232,700 (10.5%) $308,594 (21.6%) 0.66 131
2021-04-01 $258,675 (19.0%) $327,041 (23.2%) 0.70 121
2021-05-01 $287,000 (30.5%) $357,547 (37.2%) 0.76 114
2021-06-01 $266,475 (23.8%) $362,588 (43.3%) 0.70 122
2021-07-01 $264,000 (22.0%) $347,425 (35.8%) 0.70 137
2021-08-01 $265,303 (15.4%) $378,191 (33.0%) 0.71 154
2021-09-01 $264,900 (15.2%) $389,977 (36.5%) 0.71 172
2021-10-01 $270,000 (17.4%) $387,748 (33.1%) 0.72 187
2021-11-01 $269,375 (17.7%) $389,327 (34.6%) 0.72 185
2021-12-01 $260,925 (16.0%) $362,874 (27.3%) 0.71 170
2022-01-01 $259,000 (15.8%) $351,285 (20.3%) 0.70 142
2022-02-01 $269,000 (14.3%) $376,666 (21.3%) 0.70 112
2022-03-01 $268,900 (15.6%) $363,143 (17.7%) 0.67 127
2022-04-01 $250,000 (-3.4%) $340,851 (4.2%) 0.60 132
2022-05-01 $281,167 (-2.0%) $338,770 (-5.3%) 0.64 177
2022-06-01 $286,475 (7.5%) $332,408 (-8.3%) 0.64 218
2022-07-01 $275,000 (4.2%) $331,967 (-4.5%) 0.62 266
2022-08-01 $299,450 (12.9%) $336,299 (-11.1%) 0.69 272
2022-09-01 $299,900 (13.2%) $331,694 (-15.0%) 0.70 268
2022-10-01 $304,900 (12.9%) $333,539 (-14.0%) 0.72 267
2022-11-01 $297,000 (10.3%) $332,697 (-14.6%) 0.71 258
2022-12-01 $289,900 (11.1%) $345,022 (-4.9%) 0.72 245
2023-01-01 $307,450 (18.7%) $357,434 (1.8%) 0.76 207
2023-02-01 $307,450 (14.3%) $356,633 (-5.3%) 0.74 200
2023-03-01 $298,397 (11.0%) $351,605 (-3.2%) 0.70 195
2023-04-01 $310,900 (24.4%) $356,252 (4.5%) 0.72 174
2023-05-01 $343,150 (22.0%) $384,075 (13.4%) 0.78 183
2023-06-01 $336,125 (17.3%) $382,992 (15.2%) 0.76 187
2023-07-01 $315,000 (14.6%) $377,515 (13.7%) 0.72 226
2023-08-01 $318,933 (6.5%) $380,875 (13.3%) 0.73 241
2023-09-01 $302,450 (0.9%) $375,564 (13.2%) 0.70 258
2023-10-01 $299,450 (-1.8%) $366,002 (9.7%) 0.70 290
2023-11-01 $294,850 (-0.7%) $359,236 (8.0%) 0.70 306
2023-12-01 $294,900 (1.7%) $352,193 (2.1%) 0.72 320
2024-01-01 $295,950 (-3.7%) $353,397 (-1.1%) 0.72 300
2024-02-01 $297,900 (-3.1%) $362,572 (1.7%) 0.72 302
2024-03-01 $296,900 (-0.5%) $344,664 (-2.0%) 0.70 292
2024-04-01 $296,900 (-4.5%) $349,754 (-1.8%) 0.69 276
2024-05-01 $299,900 (-12.6%) $365,051 (-5.0%) 0.68 322
2024-06-01 $296,900 (-11.7%) $353,466 (-7.7%) 0.67 365
2024-07-01 $294,925 (-6.4%) $358,348 (-5.1%) 0.67 363
2024-08-01 $299,000 (-6.3%) $368,892 (-3.2%) 0.70 361
2024-09-01 $287,475 (-5.0%) $364,896 (-2.8%) 0.00 425
DECATUR's median listing price for 2024-09-01 was $287,475, a difference of $-14,975 (-5.0%) versus the prior year and $-11,525 versus the prior month.

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

DECATUR's average listing price for 2024-09-01 was $364,896, a difference of $-10,668 (-2.8%) versus the prior year and $-3,996 versus the prior month.

For the 2024-09-01 period, DECATUR had 425 MLS listings, a difference of 64 listings (18%) versus the prior month and 167 listings (65%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - DECATUR (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 102 days 2,081 sqft
2018-02-01 101 days 2,129 sqft
2018-03-01 93 days 2,143 sqft
2018-04-01 78 days 2,172 sqft
2018-05-01 69 days 2,143 sqft
2018-06-01 68 days 2,150 sqft
2018-07-01 74 days 2,200 sqft
2018-08-01 70 days 2,119 sqft
2018-09-01 71 days 2,170 sqft
2018-10-01 77 days 2,122 sqft
2018-11-01 79 days 2,108 sqft
2018-12-01 85 days 2,157 sqft
2019-01-01 95 days 2,134 sqft
2019-02-01 94 days 2,161 sqft
2019-03-01 79 days 2,161 sqft
2019-04-01 68 days 2,158 sqft
2019-05-01 56 days 2,201 sqft
2019-06-01 52 days 2,250 sqft
2019-07-01 51 days 2,228 sqft
2019-08-01 56 days 2,251 sqft
2019-09-01 62 days 2,253 sqft
2019-10-01 63 days 2,249 sqft
2019-11-01 64 days 2,207 sqft
2019-12-01 72 days 2,193 sqft
2020-01-01 78 days 2,183 sqft
2020-02-01 67 days 2,100 sqft
2020-03-01 55 days 2,103 sqft
2020-04-01 57 days 2,188 sqft
2020-05-01 52 days 2,175 sqft
2020-06-01 38 days 2,127 sqft
2020-07-01 34 days 2,097 sqft
2020-08-01 38 days 2,153 sqft
2020-09-01 37 days 2,168 sqft
2020-10-01 35 days 2,183 sqft
2020-11-01 44 days 2,206 sqft
2020-12-01 45 days 2,144 sqft
2021-01-01 47 days 2,100 sqft
2021-02-01 48 days 2,131 sqft
2021-03-01 26 days 2,101 sqft
2021-04-01 29 days 2,181 sqft
2021-05-01 27 days 2,218 sqft
2021-06-01 23 days 2,189 sqft
2021-07-01 23 days 2,058 sqft
2021-08-01 22 days 2,049 sqft
2021-09-01 24 days 2,126 sqft
2021-10-01 32 days 2,184 sqft
2021-11-01 33 days 2,136 sqft
2021-12-01 38 days 2,121 sqft
2022-01-01 45 days 2,127 sqft
2022-02-01 28 days 2,107 sqft
2022-03-01 15 days 2,088 sqft
2022-04-01 19 days 2,040 sqft
2022-05-01 17 days 2,071 sqft
2022-06-01 26 days 2,092 sqft
2022-07-01 25 days 2,090 sqft
2022-08-01 38 days 2,134 sqft
2022-09-01 44 days 2,071 sqft
2022-10-01 52 days 2,143 sqft
2022-11-01 58 days 2,185 sqft
2022-12-01 66 days 2,201 sqft
2023-01-01 75 days 2,203 sqft
2023-02-01 69 days 2,200 sqft
2023-03-01 48 days 2,079 sqft
2023-04-01 40 days 2,199 sqft
2023-05-01 38 days 2,259 sqft
2023-06-01 44 days 2,253 sqft
2023-07-01 29 days 2,094 sqft
2023-08-01 37 days 2,186 sqft
2023-09-01 42 days 2,129 sqft
2023-10-01 48 days 2,045 sqft
2023-11-01 53 days 2,021 sqft
2023-12-01 56 days 1,935 sqft
2024-01-01 65 days 1,906 sqft
2024-02-01 77 days 1,945 sqft
2024-03-01 58 days 1,925 sqft
2024-04-01 53 days 1,953 sqft
2024-05-01 46 days 1,966 sqft
2024-06-01 48 days 1,932 sqft
2024-07-01 49 days 1,926 sqft
2024-08-01 48 days 1,981 sqft
2024-09-01 0 days 1,930 sqft
DECATUR's median listing age (time on market) for 2024-09-01 was 0 days. This is -100% shorter than the same period one year ago.

DECATUR's median square footage for active listings during the 2024-09-01 period was 1,930 sqft. One year prior, the average listing was 2,129 sqft.

DECATUR, AL Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
35016 Decatur, AL MSA $690 $740 $850 $1,100 $1,190
35019 Decatur, AL MSA $650 $680 $830 $1,080 $1,200
35058 Decatur, AL MSA $630 $660 $810 $1,060 $1,170
35087 Decatur, AL MSA $740 $770 $940 $1,230 $1,360
35175 Decatur, AL MSA $590 $610 $750 $980 $1,090
35179 Decatur, AL MSA $670 $700 $860 $1,120 $1,250
35540 Decatur, AL MSA $580 $610 $740 $970 $1,070
35565 Decatur, AL MSA $610 $640 $780 $1,020 $1,130
35601 Decatur, AL MSA $630 $660 $810 $1,060 $1,170
35602 Decatur, AL MSA $630 $660 $810 $1,060 $1,170
35603 Decatur, AL MSA $650 $680 $830 $1,080 $1,200
35618 Decatur, AL MSA $580 $610 $740 $970 $1,070
35619 Decatur, AL MSA $620 $650 $790 $1,030 $1,140
35621 Decatur, AL MSA $780 $820 $1,000 $1,310 $1,450
35622 Decatur, AL MSA $710 $750 $910 $1,190 $1,320
35640 Decatur, AL MSA $640 $670 $820 $1,070 $1,190
35643 Decatur, AL MSA $580 $610 $740 $970 $1,070
35650 Decatur, AL MSA $580 $610 $740 $970 $1,070
35651 Decatur, AL MSA $700 $730 $890 $1,160 $1,290
35654 Decatur, AL MSA $520 $560 $740 $910 $1,140
35670 Decatur, AL MSA $630 $660 $800 $1,040 $1,160
35672 Decatur, AL MSA $580 $610 $740 $960 $1,070
35673 Decatur, AL MSA $580 $610 $740 $970 $1,070
35754 Decatur, AL MSA $580 $610 $740 $970 $1,070
35775 Decatur, AL MSA $790 $880 $1,050 $1,380 $1,590

2022 Average & Median Rent Data Statistics
DECATUR, AL average 1BR rent: $672, median: $660
DECATUR, AL average 2BR rent: $818, median: $810
DECATUR, AL average 3BR rent: $1,066, median: $1,060

DECATUR, AL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,730 $376,240,000 $217,480
Cash Out Refi 386 $64,570,000 $167,280
Refi 326 $72,230,000 $221,564
Home Improvement 286 $23,030,000 $80,524
Other 268 $23,260,000 $86,791

Decatur's most frequently cited loan purpose was Home Purchase, with 1,730 originations. The 2nd most popular reason was Cash Out Refi, with 386 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 897 $196,095,000 $218,612
Over 8% 849 $76,765,000 $90,418
7-8% 545 $110,755,000 $203,220
5-6% 465 $105,485,000 $226,849
4-5% 45 $11,475,000 $255,000
<2.5% 26 $8,720,000 $335,385
3-4% 23 $3,425,000 $148,913
2.5-3% 2 $420,000 $210,000

During 2023, Decatur's most frequently originated rate bucket was 6-7%, with 897 originations.

Loan Sizing (DECATUR, AL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 988 $146,770,000 $148,553
$100,000 or less 937 $52,495,000 $56,025
$200k-400k 905 $244,285,000 $269,928
$400k-600k 130 $60,980,000 $469,077
$600k-1000k 31 $21,895,000 $706,290
$Over $1MM 5 $32,905,000 $6,581,000

DECATUR's loan sizing saw the bucket of loans from $100k-200k with 988 originations, totaling $146,770,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,252 $292,670,000 $233,762
60-80% 576 $147,200,000 $255,556
Under 20% 359 $14,685,000 $40,905
20-40% 341 $28,365,000 $83,182
40-60% 250 $40,070,000 $160,280
Over 100% 52 $13,660,000 $262,692

DECATUR's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,252 originations, totaling $292,670,000 in origination value.