Dyersburg Mortgage Rates & Closing Costs
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% |
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.).
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.