Dyersburg Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Dyersburg averaged
6.98%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
6.7% and
one month ago for the week of 2024-06-13, the
average rate was 6.96%.
Dyersburg's average rate one year ago was 6.97%.
For refis of the same type during the week of 2024-07-18, the average rate
was 7.17%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Dyersburg 30 Year Fixed Rate | 2024-07-18 | 6.98% |
| Dyersburg 30 Year Fixed Rate Refi | 2024-07-18 | 7.17% |
| Dyersburg 15 Year Fixed Rate | 2024-07-18 | 6.25% |
| Dyersburg 15 Year Fixed Rate Refi | 2024-07-18 | 6.35% |
| Dyersburg 30 Year FHA | 2024-07-18 | 6.27% |
| Dyersburg 30 Year FHA Refi | 2024-07-18 | 6.39% |
| Dyersburg 30 Year USDA | 2024-07-18 | 6.63% |
| Dyersburg 30 Year USDA Refi | 2024-07-18 | 6.63% |
| Dyersburg 30 Year VA | 2024-07-18 | 6.2% |
| Dyersburg 30 Year VA Refi | 2024-07-18 | 6.3% |
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 36 lenders originated 576
loans during 2023. The total origination value was $82,980,000, with an average loan value of
$144,063.
Dyersburg's average closing costs are $4,270.
The top Dyersburg lender as defined by loan originations is First Citizens National Bank, with
22 loans originated. Their average total fees are
$3,417, which is $122
lower than the next largest lender,
Leaders Credit Union.
The lowest fee Dyersburg lenders (with over 10 loans originated) are
Simmons Bank ($2,855), First Citizens National Bank ($3,417), Leaders Credit Union ($3,539), Regions Bank ($3,989) and QUICKEN LOANS, LLC ($5,944).
The lowest rate Dyersburg lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.30%), Regions Bank (6.55%), Leaders Credit Union (6.89%), First Citizens National Bank (6.92%) and Simmons Bank (6.94%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Leaders Credit Union | $12,900,000 | $14,200,000 | 10.1% | 17.1% |
| First Citizens National Bank | $23,235,000 | $13,280,000 | -42.8% | 16.0% |
| Regions Bank | $9,090,000 | $7,135,000 | -21.5% | 8.6% |
| QUICKEN LOANS, LLC | $7,005,000 | $5,405,000 | -22.8% | 6.5% |
| Simmons Bank | $6,440,000 | $4,305,000 | -33.2% | 5.2% |
| EVERETT FINANCIAL, INC. | $470,000 | $2,450,000 | 421.3% | 3.0% |
| Mortgage Research Center, LLC | $2,925,000 | $2,315,000 | -20.9% | 2.8% |
| Patriot Bank | $55,000 | $1,280,000 | 2,227.3% | 1.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $670,000 | $1,255,000 | 87.3% | 1.5% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $540,000 | $1,165,000 | 115.7% | 1.4% |
| Centennial Bank | $1,335,000 | $1,130,000 | -15.4% | 1.4% |
| FREEDOM MORTGAGE CORPORATION | $1,310,000 | $1,080,000 | -17.6% | 1.3% |
| Bank of England | $85,000 | $970,000 | 1,041.2% | 1.2% |
| MID AMERICA MORTGAGE, INC. | $1,025,000 | $910,000 | -11.2% | 1.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,135,000 | $875,000 | -22.9% | 1.1% |
| MORTGAGE INVESTORS GROUP, INC. | $885,000 | $875,000 | -1.1% | 1.1% |
| STOCKTON MORTGAGE CORPORATION | $200,000 | $800,000 | 300.0% | 1.0% |
| Wells Fargo Bank | $755,000 | $740,000 | -2.0% | 0.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $180,000 | $730,000 | 305.6% | 0.9% |
| Farm Credit Mid-America, ACA | $710,000 | n/a | 0.9% | |
| PENNYMAC LOAN SERVICES, LLC | $650,000 | $645,000 | -0.8% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $610,000 | $610,000 | 0.0% | 0.7% |
| LIMA ONE CAPITAL, LLC | $605,000 | n/a | 0.7% | |
| The Huntington National Bank | $575,000 | n/a | 0.7% | |
| USAA Federal Savings Bank | $655,000 | $550,000 | -16.0% | 0.7% |
| Carrington Mortgage Services, LLC | $325,000 | $530,000 | 63.1% | 0.6% |
| GMFS LLC | $480,000 | n/a | 0.6% | |
| BANK OF CROCKETT | $405,000 | n/a | 0.5% | |
| Carroll Bank and Trust | $520,000 | $390,000 | -25.0% | 0.5% |
| Equity Prime Mortgage LLC | $380,000 | n/a | 0.5% | |
| FirstBank | $445,000 | $380,000 | -14.6% | 0.5% |
| Legacy Home Loans, LLC | $375,000 | n/a | 0.5% | |
| NEW DAY FINANCIAL, LLC | $415,000 | $355,000 | -14.5% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $165,000 | $330,000 | 100.0% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $250,000 | $330,000 | 32.0% | 0.4% |
| Pinnacle Bank | $330,000 | n/a | 0.4% | |
| U.S. Bank | $125,000 | $330,000 | 164.0% | 0.4% |
| BROKER SOLUTIONS, INC. | $310,000 | n/a | 0.4% | |
| FIRST SOUTH FINANCIAL | $1,290,000 | $300,000 | -76.7% | 0.4% |
| 21ST MORTGAGE CORPORATION | $845,000 | $295,000 | -65.1% | 0.4% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $295,000 | n/a | 0.4% | |
| First Horizon Bank | $290,000 | n/a | 0.3% | |
| Discover Bank | $35,000 | $280,000 | 700.0% | 0.3% |
| McKenzie Banking Company | $280,000 | n/a | 0.3% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $270,000 | n/a | 0.3% | |
| THRIVE MORTGAGE, LLC | $265,000 | n/a | 0.3% | |
| CARDINAL FINANCIAL | $260,000 | $245,000 | -5.8% | 0.3% |
| TOP FLITE FINANCIAL, INC. | $240,000 | n/a | 0.3% | |
| Financial Federal Bank | $235,000 | n/a | 0.3% | |
| NAVY FEDERAL CREDIT UNION | $1,040,000 | $235,000 | -77.4% | 0.3% |
| COMMUNITY MORTGAGE CORPORATION | $245,000 | $225,000 | -8.2% | 0.3% |
| Plains Commerce Bank | $225,000 | n/a | 0.3% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $225,000 | n/a | 0.3% | |
| BancorpSouth | $220,000 | n/a | 0.3% | |
| Paramount Residential Mortgage Group, Inc. | $215,000 | n/a | 0.3% | |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $215,000 | n/a | 0.3% | |
| The Federal Savings Bank | $265,000 | $215,000 | -18.9% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $165,000 | $205,000 | 24.2% | 0.2% |
| SeaTrust Mortgage Company | $205,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $185,000 | n/a | 0.2% | |
| NEWREZ LLC | $125,000 | $185,000 | 48.0% | 0.2% |
| Nations Lending Corporation | $250,000 | $165,000 | -34.0% | 0.2% |
| Northpointe Bank | $155,000 | n/a | 0.2% | |
| TRIAD FINANCIAL SERVICES, INC. | $155,000 | n/a | 0.2% | |
| ROYAL UNITED MORTGAGE LLC | $210,000 | $150,000 | -28.6% | 0.2% |
| ACADEMY MORTGAGE CORPORATION | $145,000 | n/a | 0.2% | |
| Coastal Community Bank | $140,000 | n/a | 0.2% | |
| Barrington Bank & Trust Company, N.A. | $75,000 | $135,000 | 80.0% | 0.2% |
| PNC Bank | $25,000 | $125,000 | 400.0% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $115,000 | n/a | 0.1% | |
| Figure Lending LLC | $95,000 | $115,000 | 21.1% | 0.1% |
| Bank of America | $175,000 | $105,000 | -40.0% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $85,000 | n/a | 0.1% | |
| LEADERONE FINANCIAL CORPORATION | $200,000 | $85,000 | -57.5% | 0.1% |
| LOANDEPOT.COM, LLC | $905,000 | $85,000 | -90.6% | 0.1% |
| STATE EMPLOYEES' | $85,000 | n/a | 0.1% | |
| BankTennessee | $90,000 | $75,000 | -16.7% | 0.1% |
| Secured Investment Corp. | $75,000 | n/a | 0.1% | |
| Commercial Bank & Trust Co. | $295,000 | $55,000 | -81.4% | 0.1% |
| U. T. | $35,000 | n/a | 0.0% |
Dyersburg's top lender by overall market share is Leaders Credit Union, with 17.1% market share. In second place, with 16.0%, is First Citizens National Bank, having originated $13,280,000 in loans. In third place, with 8.6%, is Regions Bank, having originated $7,135,000 in loans. In fourth place, with 6.5%, is QUICKEN LOANS, LLC, having originated $5,405,000 in loans. In fifth place, with 5.2%, is Simmons Bank, having originated $4,305,000 in loans.
Dyersburg, TN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 336 | $55,000,000 | $163,690 |
| Other | 73 | $5,595,000 | $76,644 |
| Cash Out Refi | 66 | $10,700,000 | $162,121 |
| Refi | 64 | $9,880,000 | $154,375 |
| Home Improvement | 37 | $1,805,000 | $48,784 |
Dyersburg's most frequently cited loan purpose was Home Purchase, with 336 originations. The 2nd most popular reason was Other, with 73 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 154 | $28,250,000 | $183,442 |
| Over 8% | 126 | $8,980,000 | $71,270 |
| 7-8% | 121 | $19,905,000 | $164,504 |
| 5-6% | 91 | $16,865,000 | $185,330 |
| <2.5% | 41 | $205,000 | $5,000 |
| 4-5% | 3 | $455,000 | $151,667 |
| 2.5-3% | 1 | $85,000 | $85,000 |
During 2023, Dyersburg's most frequently originated rate bucket was 6-7%, with 154 originations.
Loan Sizing (Dyersburg, TN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 232 | $10,660,000 | $45,948 |
| $100k-200k | 192 | $28,160,000 | $146,667 |
| $200k-400k | 143 | $37,995,000 | $265,699 |
| $400k-600k | 5 | $2,395,000 | $479,000 |
| $600k-1000k | 2 | $1,230,000 | $615,000 |
| $Over $1MM | 2 | $2,540,000 | $1,270,000 |
Dyersburg's loan sizing saw the bucket of loans from $100,000 or less with 232 originations, totaling $10,660,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 232 | $44,960,000 | $193,793 |
| 60-80% | 93 | $14,845,000 | $159,624 |
| Under 20% | 87 | $1,815,000 | $20,862 |
| 20-40% | 68 | $4,690,000 | $68,971 |
| 40-60% | 49 | $6,255,000 | $127,653 |
| Over 100% | 9 | $2,055,000 | $228,333 |
Dyersburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 232 originations, totaling $44,960,000 in origination value.