Dyersburg Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Dyersburg averaged 7.04% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

The average rate for the prior week (2023-09-07) was 6.98% and one month ago for the week of 2023-08-10, the average rate was 6.72%.

Dyersburg's average rate one year ago was 6.05%.

For refis of the same type during the week of 2023-09-14, the average rate was 7.08%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-14 7.18%
Dyersburg 30 Year Fixed Rate 2023-09-14 7.04%
Dyersburg 30 Year Fixed Rate Refi 2023-09-14 7.08%
Dyersburg 15 Year Fixed Rate 2023-09-14 6.51%
Dyersburg 15 Year Fixed Rate Refi 2023-09-14 7.01%
Dyersburg 30 Year FHA 2023-09-14 6.67%
Dyersburg 30 Year FHA Refi 2023-09-14 7.19%
Dyersburg 30 Year USDA 2023-09-14 6.28%
Dyersburg 30 Year USDA Refi 2023-09-14 7.18%
Dyersburg 30 Year VA 2023-09-14 6.81%
Dyersburg 30 Year VA Refi 2023-09-14 6.81%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Dyersburg, TN.

Dyersburg 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 Dyersburg, TN 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
First Citizens National Bank 33 4.90% $3,214
Leaders Credit Union 26 5.28% $2,653
Regions Bank 20 5.28% $4,041
QUICKEN LOANS, LLC 19 5.30% $5,482
Simmons Bank 14 5.29% $2,963
Mr. Cooper ( Nationstar Mortgage ) 4 4.87% $6,596
Wells Fargo Bank 2 4.88% $1,996
FIRST COMMUNITY MORTGAGE, INC. 2 5.00% $4,349
21ST MORTGAGE CORPORATION 2 6.28% $5,176
ROYAL UNITED MORTGAGE LLC 2 7.06% $6,472
CMG MORTGAGE, INC. 2 3.94% $4,277
MORTGAGE INVESTORS GROUP, INC. 2 5.38% $4,151
UNITED WHOLESALE MORTGAGE, LLC 2 5.00% $4,684
Mortgage Research Center, LLC 2 5.38% $5,381
LOANDEPOT.COM, LLC 1 5.99% $4,498
M&T Bank 1 5.25% $4,585
PENTAGON FEDERAL CREDIT UNION 1 4.50% $2,411
Sierra Pacific Mortgage Company, Inc. 1 4.63% $4,248
STOCKTON MORTGAGE CORPORATION 1 6.00% $4,798
Suncoast Credit Union 1 3.63% $2,995
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.50% $4,060
Wilson Bank And Trust 1 5.63% $2,659
Wyndham Capital Mortgage, Inc. 1 4.75% $2,280
ZILLOW HOME LOANS, LLC 1 6.38% $4,836
AMCAP MORTGAGE, LTD. 1 6.13% $3,368
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.88% $6,299
Bank of America 1 3.75% $4,002
CARDINAL FINANCIAL 1 4.75% $4,278
Carrington Mortgage Services, LLC 1 4.13% $3,894
CB&S Bank, Inc. 1 3.38% $2,600
CHURCHILL MORTGAGE CORPORATION 1 4.99% $3,120
Citizens Bank 1 3.50% $4,254
CROSSCOUNTRY MORTGAGE, LLC 1 8.88% $8,557
First Bank 1 4.25% $3,503
Flagstar Bank, FSB 1 5.88% $2,720
Hometown Lenders, Inc. 1 4.88% $6,819
LAKEVIEW LOAN SERVICING, LLC 1 4.50% $2,278

Dyersburg Average Closing Costs & Other Stats

Dyersburg, TN's 37 lenders originated 649 loans during 2022. The total origination value was $92,775,000, with an average loan value of $142,951.

Dyersburg's average closing costs are $4,009.

The top Dyersburg lender as defined by loan originations is First Citizens National Bank, with 33 loans originated. Their average total fees are $3,214, which is $561 higher than the next largest lender, Leaders Credit Union.

The lowest fee Dyersburg lenders (with over 10 loans originated) are Leaders Credit Union ($2,653), Simmons Bank ($2,963), First Citizens National Bank ($3,214), Regions Bank ($4,041) and QUICKEN LOANS, LLC ($5,482).

The lowest rate Dyersburg lenders (with over 10 loans originated) are First Citizens National Bank (4.90%), Regions Bank (5.28%), Leaders Credit Union (5.28%), Simmons Bank (5.29%) and QUICKEN LOANS, LLC (5.30%).

Dyersburg, TN 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
First Citizens National Bank $35,985,000 $23,235,000 -35.4% 25.0%
Leaders Credit Union $10,390,000 $12,900,000 24.2% 13.9%
Regions Bank $12,165,000 $9,090,000 -25.3% 9.8%
QUICKEN LOANS, LLC $11,700,000 $7,005,000 -40.1% 7.6%
Simmons Bank $10,870,000 $6,440,000 -40.8% 6.9%
Mortgage Research Center, LLC $2,470,000 $2,925,000 18.4% 3.2%
Centennial Bank $175,000 $1,335,000 662.9% 1.4%
FREEDOM MORTGAGE CORPORATION $2,740,000 $1,310,000 -52.2% 1.4%
FIRST SOUTH FINANCIAL $745,000 $1,290,000 73.2% 1.4%
FIRST COMMUNITY MORTGAGE, INC. $705,000 $1,135,000 61.0% 1.2%
NAVY FEDERAL CREDIT UNION $95,000 $1,040,000 994.7% 1.1%
MID AMERICA MORTGAGE, INC. $2,035,000 $1,025,000 -49.6% 1.1%
LOANDEPOT.COM, LLC $2,825,000 $905,000 -68.0% 1.0%
CALIBER HOME LOANS, INC. $755,000 $900,000 19.2% 1.0%
CMG MORTGAGE, INC. $895,000 n/a 1.0%
MORTGAGE INVESTORS GROUP, INC. $2,050,000 $885,000 -56.8% 1.0%
21ST MORTGAGE CORPORATION $275,000 $845,000 207.3% 0.9%
Wells Fargo Bank $645,000 $755,000 17.1% 0.8%
AMERISAVE MORTGAGE CORPORATION $1,045,000 $745,000 -28.7% 0.8%
UNITED WHOLESALE MORTGAGE, LLC $1,795,000 $670,000 -62.7% 0.7%
USAA Federal Savings Bank $360,000 $655,000 81.9% 0.7%
PENNYMAC LOAN SERVICES, LLC $1,505,000 $650,000 -56.8% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $790,000 $610,000 -22.8% 0.7%
VANDERBILT MORTGAGE AND FINANCE, INC. $335,000 $540,000 61.2% 0.6%
Carroll Bank and Trust $105,000 $520,000 395.2% 0.6%
CB&S Bank, Inc. $95,000 $510,000 436.8% 0.5%
PRIMARY RESIDENTIAL MORTGAGE, INC. $510,000 n/a 0.5%
EVERETT FINANCIAL, INC. $380,000 $470,000 23.7% 0.5%
FirstBank $520,000 $445,000 -14.4% 0.5%
NEW DAY FINANCIAL, LLC $145,000 $415,000 186.2% 0.4%
ZILLOW HOME LOANS, LLC $155,000 $405,000 161.3% 0.4%
First Federal Bank, A FSB $385,000 n/a 0.4%
FINANCE OF AMERICA MORTGAGE LLC $215,000 $355,000 65.1% 0.4%
Carrington Mortgage Services, LLC $1,020,000 $325,000 -68.1% 0.4%
FLAT BRANCH MORTGAGE, INC. $325,000 $320,000 -1.5% 0.3%
AMCAP MORTGAGE, LTD. $315,000 n/a 0.3%
First Bank $315,000 n/a 0.3%
Wyndham Capital Mortgage, Inc. $305,000 n/a 0.3%
RELIANCE FIRST CAPITAL, LLC $475,000 $300,000 -36.8% 0.3%
Commercial Bank & Trust Co. $635,000 $295,000 -53.5% 0.3%
BANC ONE MORTGAGE CORPORATION $285,000 n/a 0.3%
MOVEMENT MORTGAGE, LLC $285,000 n/a 0.3%
PENTAGON FEDERAL CREDIT UNION $115,000 $285,000 147.8% 0.3%
US MORTGAGE CORPORATION $285,000 n/a 0.3%
Suncoast Credit Union $275,000 n/a 0.3%
The Federal Savings Bank $265,000 n/a 0.3%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $300,000 $260,000 -13.3% 0.3%
LAKEVIEW LOAN SERVICING, LLC $125,000 $250,000 100.0% 0.3%
Nations Lending Corporation $250,000 n/a 0.3%
COMMUNITY MORTGAGE CORPORATION $245,000 n/a 0.3%
Citizens Bank $660,000 $230,000 -65.2% 0.2%
DAS Acquisition Company, LLC $225,000 n/a 0.2%
M&T Bank $165,000 $220,000 33.3% 0.2%
ROYAL UNITED MORTGAGE LLC $120,000 $210,000 75.0% 0.2%
JPMorgan Chase Bank $885,000 $205,000 -76.8% 0.2%
LEADERONE FINANCIAL CORPORATION $185,000 $200,000 8.1% 0.2%
STOCKTON MORTGAGE CORPORATION $210,000 $200,000 -4.8% 0.2%
PLANET HOME LENDING, LLC $205,000 $185,000 -9.8% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $105,000 $180,000 71.4% 0.2%
Bank of America $330,000 $175,000 -47.0% 0.2%
HOMESIDE FINANCIAL, LLC $635,000 $175,000 -72.4% 0.2%
Hometown Lenders, Inc. $905,000 $175,000 -80.7% 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $165,000 n/a 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $125,000 $165,000 32.0% 0.2%
CROSSCOUNTRY MORTGAGE, LLC $535,000 $165,000 -69.2% 0.2%
SOUTHWEST FUNDING, LP $155,000 n/a 0.2%
LENDINGHOME FUNDING CORPORATION $150,000 n/a 0.2%
SOUTHWEST STAGE FUNDING, LLC $655,000 $145,000 -77.9% 0.2%
HOME POINT FINANCIAL CORPORATION $250,000 $135,000 -46.0% 0.1%
HOMESTAR FINANCIAL CORPORATION $135,000 n/a 0.1%
United Community Bank $130,000 n/a 0.1%
AMERICAN MORTGAGE SERVICES INCORPORATED $360,000 $125,000 -65.3% 0.1%
EMBRACE HOME LOANS, INC. $125,000 n/a 0.1%
Flagstar Bank, FSB $125,000 n/a 0.1%
Midwest Mortgage Associates Corporation $125,000 n/a 0.1%
NEWREZ LLC $740,000 $125,000 -83.1% 0.1%
Sierra Pacific Mortgage Company, Inc. $125,000 n/a 0.1%
U.S. Bank $1,145,000 $125,000 -89.1% 0.1%
Southern Bank of Tennessee $120,000 n/a 0.1%
Wilson Bank And Trust $115,000 n/a 0.1%
Fifth Third Bank $105,000 n/a 0.1%
Figure Lending LLC $170,000 $95,000 -44.1% 0.1%
BankTennessee $90,000 n/a 0.1%
Bank of England $195,000 $85,000 -56.4% 0.1%
Barrington Bank & Trust Company, N.A. $75,000 n/a 0.1%
The Bank of Missouri $370,000 $75,000 -79.7% 0.1%
CHURCHILL MORTGAGE CORPORATION $55,000 n/a 0.1%
First Guaranty Mortgage Corporation $55,000 n/a 0.1%
Patriot Bank $250,000 $55,000 -78.0% 0.1%
Discover Bank $80,000 $35,000 -56.3% 0.0%
Bethpage Federal Credit Union $25,000 n/a 0.0%
COMMUNITY BANK $25,000 n/a 0.0%
Fortera Federal Credit Union $25,000 n/a 0.0%
PNC Bank $265,000 $25,000 -90.6% 0.0%

Dyersburg's top lender by overall market share is First Citizens National Bank, with 25.0% market share. In second place, with 13.9%, is Leaders Credit Union, having originated $12,900,000 in loans. In third place, with 9.8%, is Regions Bank, having originated $9,090,000 in loans. In fourth place, with 7.6%, is QUICKEN LOANS, LLC, having originated $7,005,000 in loans. In fifth place, with 6.9%, is Simmons Bank, having originated $6,440,000 in loans.

Dyersburg, TN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 378 $61,250,000 $162,037
Refi 92 $13,480,000 $146,522
Cash Out Refi 88 $13,530,000 $153,750
Home Improvement 65 $3,345,000 $51,462
Other 26 $1,170,000 $45,000

Dyersburg's most frequently cited loan purpose was Home Purchase, with 378 originations. The 2nd most popular reason was Refi, with 92 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 154 $23,890,000 $155,130
4-5% 142 $22,860,000 $160,986
3-4% 120 $20,220,000 $168,500
6-7% 97 $12,975,000 $133,763
2.5-3% 30 $4,030,000 $134,333
7-8% 28 $2,810,000 $100,357
Over 8% 23 $1,455,000 $63,261
<2.5% 19 $425,000 $22,368

During 2022, Dyersburg's most frequently originated rate bucket was 5-6%, with 154 originations.

Loan Sizing (Dyersburg, TN MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 258 $37,300,000 $144,574
$100,000 or less 252 $13,530,000 $53,690
$200k-400k 121 $32,405,000 $267,810
$400k-600k 14 $6,430,000 $459,286
$600k-1000k 3 $2,055,000 $685,000
$Over $1MM 1 $1,055,000 $1,055,000

Dyersburg's loan sizing saw the bucket of loans from $100k-200k with 258 originations, totaling $37,300,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 294 $53,090,000 $180,578
60-80% 141 $22,055,000 $156,418
Under 20% 61 $1,445,000 $23,689
40-60% 58 $6,870,000 $118,448
20-40% 48 $2,670,000 $55,625
Over 100% 11 $2,365,000 $215,000

Dyersburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 294 originations, totaling $53,090,000 in origination value.