Douglas Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Douglas averaged 7.08% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

The average rate for the prior week (2024-04-04) was 7.02% and one month ago for the week of 2024-03-07, the average rate was 7.08%.

Douglas's average rate one year ago was 6.48%.

For refis of the same type during the week of 2024-04-11, the average rate was 7.08%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
Douglas 30 Year Fixed Rate 2024-04-11 7.08%
Douglas 30 Year Fixed Rate Refi 2024-04-11 7.08%
Douglas 15 Year Fixed Rate 2024-04-11 6.36%
Douglas 15 Year Fixed Rate Refi 2024-04-11 6.66%
Douglas 30 Year FHA 2024-04-11 6.58%
Douglas 30 Year FHA Refi 2024-04-11 6.84%
Douglas 30 Year USDA 2024-04-11 6.81%
Douglas 30 Year USDA Refi 2024-04-11 6.71%
Douglas 30 Year VA 2024-04-11 6.57%
Douglas 30 Year VA Refi 2024-04-11 6.67%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Douglas, GA.

Douglas 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 Douglas, GA 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
Renasant Bank 8 7.00% $4,676
Ameris Bank 5 6.88% $8,109
QUICKEN LOANS, LLC 4 6.28% $5,582
Wells Fargo Bank 4 7.41% $4,334
UNITED WHOLESALE MORTGAGE, LLC 3 5.99% $11,985
AMERISAVE MORTGAGE CORPORATION 2 6.25% $5,886
Flagstar Bank, FSB 1 6.63% $4,831
21ST MORTGAGE CORPORATION 1 7.55% $5,799
NAVY FEDERAL CREDIT UNION 1 5.50% $2,223
Prosperity Home Mortgage, LLC 1 7.00% $4,038
ROYAL UNITED MORTGAGE LLC 1 7.13% $5,463
SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.13% $1,181
Suncoast Credit Union 1 5.25% $2,637
LAKEVIEW LOAN SERVICING, LLC 1 7.50% $6,237
ADDITION FINANCIAL 1 6.00% $3,579
AgFirst Farm Credit Bank 1 6.38% $9,406
AMERICAN FINANCING CORPORATION 1 6.75% $4,504
Colony Bank 1 6.50% $4,197
Fifth Third Bank 1 6.88% $4,549

Douglas Average Closing Costs & Other Stats

Douglas, GA's 19 lenders originated 358 loans during 2023. The total origination value was $62,140,000, with an average loan value of $173,575.

Douglas's average closing costs are $4,957.

The top Douglas lender as defined by loan originations is Renasant Bank, with 8 loans originated. Their average total fees are $4,676, which is $3,433 lower than the next largest lender, Ameris Bank.

The lowest fee Douglas lenders (with over 10 loans originated) are .

The lowest rate Douglas lenders (with over 10 loans originated) are .

Douglas, GA 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
Renasant Bank $16,415,000 $13,115,000 -20.1% 21.1%
FIRST NATIONAL BANK OF COFFEE COUNTY $10,410,000 n/a 16.8%
Morris Bank $5,475,000 n/a 8.8%
QUICKEN LOANS, LLC $7,740,000 $3,260,000 -57.9% 5.2%
21ST MORTGAGE CORPORATION $2,585,000 $2,345,000 -9.3% 3.8%
Ameris Bank $2,635,000 $2,265,000 -14.0% 3.6%
UNITED WHOLESALE MORTGAGE, LLC $5,605,000 $1,720,000 -69.3% 2.8%
LOANDEPOT.COM, LLC $115,000 $1,445,000 1,156.5% 2.3%
SOUTHPOINT FINANCIAL SERVICES, INC. $855,000 $1,400,000 63.7% 2.3%
AMERISAVE MORTGAGE CORPORATION $1,060,000 $1,300,000 22.6% 2.1%
Truist $1,085,000 $1,070,000 -1.4% 1.7%
Mortgage Research Center, LLC $2,590,000 $1,030,000 -60.2% 1.7%
NAVY FEDERAL CREDIT UNION $155,000 $930,000 500.0% 1.5%
TOWNE MORTGAGE COMPANY $1,140,000 $725,000 -36.4% 1.2%
SOUTHEAST MORTGAGE OF GEORGIA, INC. $690,000 n/a 1.1%
GUILD MORTGAGE COMPANY $75,000 $660,000 780.0% 1.1%
Wells Fargo Bank $770,000 $630,000 -18.2% 1.0%
GUARANTEED RATE, INC. $555,000 $620,000 11.7% 1.0%
Colony Bank $1,595,000 $590,000 -63.0% 0.9%
UNION HOME MORTGAGE CORP. $385,000 $515,000 33.8% 0.8%
Guardian Bank $1,090,000 $490,000 -55.0% 0.8%
Prosperity Home Mortgage, LLC $475,000 n/a 0.8%
MUTUAL OF OMAHA MORTGAGE, INC. $400,000 n/a 0.6%
AgFirst Farm Credit Bank $1,825,000 $355,000 -80.5% 0.6%
PENNYMAC LOAN SERVICES, LLC $610,000 $330,000 -45.9% 0.5%
FREEDOM MORTGAGE CORPORATION $380,000 $290,000 -23.7% 0.5%
MORTGAGE SOLUTIONS OF COLORADO, LLC $145,000 $285,000 96.6% 0.5%
FirstBank $205,000 $265,000 29.3% 0.4%
Notre Dame Federal Credit Union Corporation $255,000 n/a 0.4%
TRIAD FINANCIAL SERVICES, INC. $1,295,000 $250,000 -80.7% 0.4%
Fifth Third Bank $245,000 n/a 0.4%
Presidential Bank, FSB $245,000 n/a 0.4%
Southern States Bank $2,975,000 $240,000 -91.9% 0.4%
HOMEBRIDGE FINANCIAL SERVICES, INC. $225,000 n/a 0.4%
Unity Bank $225,000 n/a 0.4%
MILEND, INC. $205,000 n/a 0.3%
CANOPY MORTGAGE, LLC $195,000 n/a 0.3%
CARDINAL FINANCIAL $635,000 $185,000 -70.9% 0.3%
MEGASTAR FINANCIAL CORP. $1,245,000 $185,000 -85.1% 0.3%
EMM LOANS LLC $175,000 n/a 0.3%
HOMESTAR FINANCIAL CORPORATION $1,000,000 $170,000 -83.0% 0.3%
MORTGAGE INVESTORS GROUP, INC. $940,000 $165,000 -82.4% 0.3%
NEW DAY FINANCIAL, LLC $910,000 $165,000 -81.9% 0.3%
Plains Commerce Bank $155,000 n/a 0.2%
STOCKTON MORTGAGE CORPORATION $155,000 n/a 0.2%
Suncoast Credit Union $155,000 n/a 0.2%
CIS Financial Services, Inc. $145,000 n/a 0.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $575,000 $145,000 -74.8% 0.2%
LAKEVIEW LOAN SERVICING, LLC $135,000 n/a 0.2%
NEWREZ LLC $230,000 $135,000 -41.3% 0.2%
ADDITION FINANCIAL $125,000 n/a 0.2%
AXIA FINANCIAL, LLC $125,000 n/a 0.2%
CROSSCOUNTRY MORTGAGE, LLC $125,000 n/a 0.2%
AMWEST FUNDING CORP. $105,000 n/a 0.2%
Nations Lending Corporation $105,000 n/a 0.2%
Figure Lending LLC $95,000 n/a 0.2%
ROYAL UNITED MORTGAGE LLC $85,000 $95,000 11.8% 0.2%
BROKER SOLUTIONS, INC. $285,000 $85,000 -70.2% 0.1%
First-Citizens Bank & Trust Company $85,000 n/a 0.1%
Flagstar Bank, FSB $390,000 $85,000 -78.2% 0.1%
AMERICAN FINANCING CORPORATION $185,000 $75,000 -59.5% 0.1%
Farmers & Merchants Bank $75,000 n/a 0.1%
PrimeSouth Bank $70,000 n/a 0.1%
PLANET HOME LENDING, LLC $65,000 n/a 0.1%
SPRING EQ, LLC $55,000 n/a 0.1%
Mr. Cooper ( Nationstar Mortgage ) $565,000 $45,000 -92.0% 0.1%
Bank of America $25,000 n/a 0.0%
INTERSTATE UNLIMITED Federal Credit Union $25,000 n/a 0.0%

Douglas's top lender by overall market share is Renasant Bank, with 21.1% market share. In second place, with 16.8%, is FIRST NATIONAL BANK OF COFFEE COUNTY, having originated $10,410,000 in loans. In third place, with 8.8%, is Morris Bank, having originated $5,475,000 in loans. In fourth place, with 5.2%, is QUICKEN LOANS, LLC, having originated $3,260,000 in loans. In fifth place, with 3.8%, is 21ST MORTGAGE CORPORATION, having originated $2,345,000 in loans.


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

Realtor.com - Douglas (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 $121,000 (11.2%) $152,822 (15.2%) 0.00 144
2018-02-01 $111,750 (2.8%) $148,903 (16.8%) 0.00 140
2018-03-01 $119,450 (9.5%) $150,851 (14.7%) 0.00 139
2018-04-01 $139,706 (27.1%) $159,812 (17.9%) 0.00 141
2018-05-01 $141,875 (31.4%) $157,735 (18.0%) 0.00 130
2018-06-01 $139,000 (21.2%) $156,352 (14.7%) 0.00 124
2018-07-01 $135,950 (20.4%) $157,830 (11.4%) 0.00 127
2018-08-01 $137,000 (24.7%) $158,486 (8.2%) 0.00 120
2018-09-01 $129,900 (7.0%) $152,105 (0.9%) 0.00 125
2018-10-01 $128,200 (7.4%) $151,271 (-1.0%) 0.00 131
2018-11-01 $126,950 (4.5%) $153,600 (-4.0%) 0.00 135
2018-12-01 $132,500 (7.8%) $175,063 (10.7%) 0.00 138
2019-01-01 $140,750 (16.3%) $185,648 (21.5%) 0.00 128
2019-02-01 $157,425 (40.9%) $201,686 (35.5%) 0.00 122
2019-03-01 $158,764 (32.9%) $202,148 (34.0%) 0.00 118
2019-04-01 $157,250 (12.6%) $201,497 (26.1%) 0.00 116
2019-05-01 $164,800 (16.2%) $214,457 (36.0%) 0.00 113
2019-06-01 $155,000 (11.5%) $204,322 (30.7%) 0.00 112
2019-07-01 $148,700 (9.4%) $190,787 (20.9%) 0.00 113
2019-08-01 $145,966 (6.5%) $189,676 (19.7%) 0.00 109
2019-09-01 $143,665 (10.6%) $187,295 (23.1%) 0.00 107
2019-10-01 $142,000 (10.8%) $183,784 (21.5%) 0.00 110
2019-11-01 $139,450 (9.9%) $184,096 (19.9%) 0.00 110
2019-12-01 $141,613 (6.9%) $165,977 (-5.2%) 0.00 106
2020-01-01 $140,412 (-0.2%) $160,586 (-13.5%) 0.00 107
2020-02-01 $144,900 (-8.0%) $167,153 (-17.1%) 0.00 119
2020-03-01 $147,450 (-7.1%) $178,326 (-11.8%) 0.00 104
2020-04-01 $149,925 (-4.7%) $176,552 (-12.4%) 0.00 101
2020-05-01 $149,900 (-9.0%) $172,263 (-19.7%) 0.00 95
2020-06-01 $167,000 (7.7%) $189,741 (-7.1%) 0.00 93
2020-07-01 $166,750 (12.1%) $192,194 (0.7%) 0.00 86
2020-08-01 $164,950 (13.0%) $194,957 (2.8%) 0.00 84
2020-09-01 $159,925 (11.3%) $192,054 (2.5%) 0.00 82
2020-10-01 $159,000 (12.0%) $184,997 (0.7%) 0.00 75
2020-11-01 $154,675 (10.9%) $194,060 (5.4%) 0.00 76
2020-12-01 $156,800 (10.7%) $200,699 (20.9%) 0.00 66
2021-01-01 $150,000 (6.8%) $203,278 (26.6%) 0.00 64
2021-02-01 $156,900 (8.3%) $219,685 (31.4%) 0.00 54
2021-03-01 $154,400 (4.7%) $199,369 (11.8%) 0.00 59
2021-04-01 $162,450 (8.4%) $194,220 (10.0%) 0.00 51
2021-05-01 $174,700 (16.5%) $196,118 (13.9%) 0.00 44
2021-06-01 $202,850 (21.5%) $226,862 (19.6%) 0.00 33
2021-07-01 $199,900 (19.9%) $228,347 (18.8%) 0.00 35
2021-08-01 $197,225 (19.6%) $240,514 (23.4%) 0.00 49
2021-09-01 $225,750 (41.2%) $238,671 (24.3%) 0.00 62
2021-10-01 $225,000 (41.5%) $231,775 (25.3%) 0.00 63
2021-11-01 $225,000 (45.5%) $240,783 (24.1%) 0.00 61
2021-12-01 $229,450 (46.3%) $251,508 (25.3%) 0.00 64
2022-01-01 $229,950 (53.3%) $256,211 (26.0%) 0.00 56
2022-02-01 $219,675 (40.0%) $256,399 (16.7%) 0.00 50
2022-03-01 $249,850 (61.8%) $272,560 (36.7%) 0.00 45
2022-04-01 $259,450 (59.7%) $294,534 (51.7%) 0.00 42
2022-05-01 $253,200 (44.9%) $299,333 (52.6%) 0.00 51
2022-06-01 $264,975 (30.6%) $324,284 (42.9%) 0.00 56
2022-07-01 $260,000 (30.1%) $312,334 (36.8%) 0.00 61
2022-08-01 $252,900 (28.2%) $284,280 (18.2%) 0.00 64
2022-09-01 $265,000 (17.4%) $281,536 (18.0%) 0.00 70
2022-10-01 $259,900 (15.5%) $285,825 (23.3%) 0.00 74
2022-11-01 $259,000 (15.1%) $264,725 (9.9%) 0.00 70
2022-12-01 $257,250 (12.1%) $269,445 (7.1%) 0.00 67
2023-01-01 $241,400 (5.0%) $265,420 (3.6%) 0.00 81
2023-02-01 $229,950 (4.7%) $256,832 (0.2%) 0.00 101
2023-03-01 $226,250 (-9.5%) $251,652 (-7.7%) 0.00 114
2023-04-01 $230,000 (-11.4%) $285,600 (-3.0%) 0.00 59
2023-05-01 $276,225 (9.1%) $314,536 (5.1%) 0.00 55
2023-06-01 $289,700 (9.3%) $324,711 (0.1%) 0.00 52
2023-07-01 $285,000 (9.6%) $319,898 (2.4%) 0.00 63
2023-08-01 $282,450 (11.7%) $298,521 (5.0%) 0.00 67
2023-09-01 $279,900 (5.6%) $299,896 (6.5%) 0.00 66
2023-10-01 $281,725 (8.4%) $297,897 (4.2%) 0.00 64
2023-11-01 $269,675 (4.1%) $276,980 (4.6%) 0.00 76
2023-12-01 $272,450 (5.9%) $286,214 (6.2%) 0.00 80
2024-01-01 $269,400 (11.6%) $282,920 (6.6%) 0.00 78
2024-02-01 $269,650 (17.3%) $293,706 (14.4%) 0.00 70
2024-03-01 $259,000 (14.5%) $290,346 (15.4%) 0.00 67
Douglas's median listing price for 2024-03-01 was $259,000, a difference of $32,750 (14.5%) versus the prior year and $-10,650 versus the prior month.

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

Douglas's average listing price for 2024-03-01 was $290,346, a difference of $38,694 (15.4%) versus the prior year and $-3,360 versus the prior month.

For the 2024-03-01 period, Douglas had 67 MLS listings, a difference of -3 listings (-4%) versus the prior month and -47 listings (-41%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Douglas (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,865 sqft
2018-02-01 0 days 1,868 sqft
2018-03-01 0 days 1,812 sqft
2018-04-01 0 days 1,909 sqft
2018-05-01 0 days 1,894 sqft
2018-06-01 0 days 1,891 sqft
2018-07-01 0 days 1,894 sqft
2018-08-01 0 days 1,951 sqft
2018-09-01 0 days 1,920 sqft
2018-10-01 0 days 1,914 sqft
2018-11-01 0 days 1,838 sqft
2018-12-01 0 days 1,836 sqft
2019-01-01 0 days 1,839 sqft
2019-02-01 0 days 1,924 sqft
2019-03-01 0 days 1,939 sqft
2019-04-01 0 days 1,976 sqft
2019-05-01 0 days 1,986 sqft
2019-06-01 0 days 1,976 sqft
2019-07-01 0 days 1,969 sqft
2019-08-01 0 days 1,976 sqft
2019-09-01 0 days 1,977 sqft
2019-10-01 0 days 1,950 sqft
2019-11-01 0 days 1,900 sqft
2019-12-01 0 days 1,887 sqft
2020-01-01 0 days 1,869 sqft
2020-02-01 0 days 1,988 sqft
2020-03-01 0 days 2,031 sqft
2020-04-01 0 days 1,937 sqft
2020-05-01 0 days 1,892 sqft
2020-06-01 0 days 2,051 sqft
2020-07-01 0 days 2,021 sqft
2020-08-01 0 days 2,056 sqft
2020-09-01 0 days 2,044 sqft
2020-10-01 0 days 1,945 sqft
2020-11-01 0 days 1,918 sqft
2020-12-01 0 days 2,062 sqft
2021-01-01 0 days 2,017 sqft
2021-02-01 0 days 2,006 sqft
2021-03-01 0 days 1,875 sqft
2021-04-01 0 days 1,867 sqft
2021-05-01 0 days 1,827 sqft
2021-06-01 0 days 2,284 sqft
2021-07-01 0 days 1,888 sqft
2021-08-01 0 days 1,952 sqft
2021-09-01 0 days 1,987 sqft
2021-10-01 0 days 2,031 sqft
2021-11-01 0 days 2,152 sqft
2021-12-01 0 days 2,108 sqft
2022-01-01 0 days 2,120 sqft
2022-02-01 0 days 2,117 sqft
2022-03-01 0 days 2,110 sqft
2022-04-01 0 days 2,225 sqft
2022-05-01 0 days 2,136 sqft
2022-06-01 0 days 2,181 sqft
2022-07-01 0 days 2,113 sqft
2022-08-01 0 days 2,005 sqft
2022-09-01 0 days 2,052 sqft
2022-10-01 0 days 2,071 sqft
2022-11-01 0 days 2,023 sqft
2022-12-01 0 days 2,071 sqft
2023-01-01 0 days 1,901 sqft
2023-02-01 0 days 1,869 sqft
2023-03-01 0 days 1,861 sqft
2023-04-01 0 days 1,903 sqft
2023-05-01 0 days 2,003 sqft
2023-06-01 0 days 2,088 sqft
2023-07-01 0 days 2,076 sqft
2023-08-01 0 days 2,100 sqft
2023-09-01 0 days 2,100 sqft
2023-10-01 0 days 2,079 sqft
2023-11-01 0 days 2,024 sqft
2023-12-01 0 days 2,026 sqft
2024-01-01 0 days 1,968 sqft
2024-02-01 0 days 1,947 sqft
2024-03-01 0 days 1,914 sqft
Douglas's median listing age (time on market) for 2024-03-01 was 0 days.

Douglas's median square footage for active listings during the 2024-03-01 period was 1,914 sqft. One year prior, the average listing was 1,861 sqft.

Douglas, GA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 242 $43,370,000 $179,215
Cash Out Refi 44 $6,450,000 $146,591
Refi 28 $8,510,000 $303,929
Home Improvement 26 $2,460,000 $94,615
Other 18 $1,350,000 $75,000

Douglas's most frequently cited loan purpose was Home Purchase, with 242 originations. The 2nd most popular reason was Cash Out Refi, with 44 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 110 $22,200,000 $201,818
Over 8% 54 $5,020,000 $92,963
7-8% 44 $7,190,000 $163,409
5-6% 39 $8,255,000 $211,667
<2.5% 3 $185,000 $61,667
4-5% 2 $340,000 $170,000

During 2023, Douglas's most frequently originated rate bucket was 6-7%, with 110 originations.

Loan Sizing (Douglas, GA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 141 $20,815,000 $147,624
$100,000 or less 127 $7,495,000 $59,016
$200k-400k 79 $21,355,000 $270,316
$400k-600k 8 $3,860,000 $482,500
$Over $1MM 3 $8,615,000 $2,871,667

Douglas's loan sizing saw the bucket of loans from $100k-200k with 141 originations, totaling $20,815,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 169 $32,635,000 $193,107
60-80% 49 $8,405,000 $171,531
Under 20% 14 $610,000 $43,571
20-40% 9 $495,000 $55,000
40-60% 9 $795,000 $88,333
Over 100% 1 $145,000 $145,000

Douglas's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 169 originations, totaling $32,635,000 in origination value.