Elizabeth City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Elizabeth City averaged
6.7%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.83% and
one month ago for the week of 2024-10-03, the
average rate was 5.93%.
Elizabeth City's average rate one year ago was 7.57%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.79%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Elizabeth City 30 Year Fixed Rate | 2024-11-07 | 6.7% |
| Elizabeth City 30 Year Fixed Rate Refi | 2024-11-07 | 6.79% |
| Elizabeth City 15 Year Fixed Rate | 2024-11-07 | 6.1% |
| Elizabeth City 15 Year Fixed Rate Refi | 2024-11-07 | 6.1% |
| Elizabeth City 30 Year FHA | 2024-11-07 | 5.94% |
| Elizabeth City 30 Year FHA Refi | 2024-11-07 | 6.53% |
| Elizabeth City 30 Year USDA | 2024-11-07 | 6.68% |
| Elizabeth City 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Elizabeth City 30 Year VA | 2024-11-07 | 6.33% |
| Elizabeth City 30 Year VA Refi | 2024-11-07 | 6.44% |
Elizabeth City 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 Elizabeth City, NC 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.).
Elizabeth City Average Closing Costs & Other Stats
Elizabeth City, NC's 74 lenders originated 1,181
loans during 2023. The total origination value was $247,935,000, with an average loan value of
$209,936.
Elizabeth City's average closing costs are $5,627.
The top Elizabeth City lender as defined by loan originations is STATE EMPLOYEES', with
32 loans originated. Their average total fees are
$3,912, which is $3,147
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Elizabeth City lenders (with over 10 loans originated) are
Southern Bank and Trust Company ($3,911), STATE EMPLOYEES' ($3,912), AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC ($5,749), QUICKEN LOANS, LLC ($7,059) and ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($7,130).
The lowest rate Elizabeth City lenders (with over 10 loans originated) are
STATE EMPLOYEES' (6.05%), Southern Bank and Trust Company (6.41%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.92%), QUICKEN LOANS, LLC (6.94%) and AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC (7.07%).
Elizabeth City, NC 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 |
|---|---|---|---|---|
| NVR Mortgage Finance, Inc. | $13,890,000 | $20,585,000 | 48.2% | 8.3% |
| Southern Bank and Trust Company | $21,315,000 | $15,400,000 | -27.8% | 6.2% |
| Mortgage Research Center, LLC | $17,985,000 | $13,690,000 | -23.9% | 5.5% |
| QUICKEN LOANS, LLC | $23,130,000 | $13,125,000 | -43.3% | 5.3% |
| STATE EMPLOYEES' | $23,450,000 | $13,025,000 | -44.5% | 5.3% |
| NAVY FEDERAL CREDIT UNION | $19,270,000 | $10,695,000 | -44.5% | 4.3% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $17,890,000 | $10,060,000 | -43.8% | 4.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $5,000,000 | $9,245,000 | 84.9% | 3.7% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,035,000 | $7,445,000 | 265.8% | 3.0% |
| Truist | $6,735,000 | $7,255,000 | 7.7% | 2.9% |
| CORNERSTONE HOME LENDING, INC. | $7,680,000 | $6,875,000 | -10.5% | 2.8% |
| MOVEMENT MORTGAGE, LLC | $3,825,000 | $6,475,000 | 69.3% | 2.6% |
| SOUTHERN TRUST MORTGAGE, LLC | $7,135,000 | $4,540,000 | -36.4% | 1.8% |
| CBM Mortgage, Inc. | $7,380,000 | $4,340,000 | -41.2% | 1.8% |
| George Mason Mortgage, LLC | $4,010,000 | $3,805,000 | -5.1% | 1.5% |
| Towne Bank | $7,665,000 | $3,600,000 | -53.0% | 1.5% |
| Atlantic Coast Mortgage, LLC | $1,980,000 | $3,140,000 | 58.6% | 1.3% |
| LOANDEPOT.COM, LLC | $3,770,000 | $2,670,000 | -29.2% | 1.1% |
| CARDINAL FINANCIAL | $2,255,000 | $2,540,000 | 12.6% | 1.0% |
| FREEDOM MORTGAGE CORPORATION | $5,405,000 | $2,515,000 | -53.5% | 1.0% |
| Atlantic Union Bank | $2,430,000 | $2,490,000 | 2.5% | 1.0% |
| NEWREZ LLC | $705,000 | $2,470,000 | 250.4% | 1.0% |
| PNC Bank | $2,675,000 | $2,435,000 | -9.0% | 1.0% |
| GUARANTEED RATE, INC. | $2,305,000 | $2,390,000 | 3.7% | 1.0% |
| HOMESPIRE MORTGAGE CORPORATION | $1,135,000 | $2,265,000 | 99.6% | 0.9% |
| NEW DAY FINANCIAL, LLC | $2,275,000 | $2,260,000 | -0.7% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $4,315,000 | $2,260,000 | -47.6% | 0.9% |
| BROKER SOLUTIONS, INC. | $1,340,000 | $2,235,000 | 66.8% | 0.9% |
| Towne Mortgage, LLC | $1,245,000 | $2,220,000 | 78.3% | 0.9% |
| Advance Financial Group, LLC | $5,405,000 | $2,200,000 | -59.3% | 0.9% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,020,000 | $2,185,000 | 8.2% | 0.9% |
| Wells Fargo Bank | $6,715,000 | $1,885,000 | -71.9% | 0.8% |
| First-Citizens Bank & Trust Company | $1,930,000 | $1,800,000 | -6.7% | 0.7% |
| USAA Federal Savings Bank | $2,700,000 | $1,765,000 | -34.6% | 0.7% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $4,345,000 | $1,740,000 | -60.0% | 0.7% |
| 1ST SIGNATURE LENDING, LLC | $1,670,000 | n/a | 0.7% | |
| Tidewater Home Funding, LLC | $2,390,000 | $1,565,000 | -34.5% | 0.6% |
| First National Bank of Pennsylvania | $1,685,000 | $1,560,000 | -7.4% | 0.6% |
| PENTAGON FEDERAL CREDIT UNION | $425,000 | $1,435,000 | 237.6% | 0.6% |
| JPMorgan Chase Bank | $970,000 | $1,405,000 | 44.8% | 0.6% |
| Presidential Bank, FSB | $1,395,000 | n/a | 0.6% | |
| AMERISAVE MORTGAGE CORPORATION | $2,025,000 | $1,335,000 | -34.1% | 0.5% |
| INTERCOASTAL MORTGAGE COMPANY | $175,000 | $1,285,000 | 634.3% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,615,000 | $1,225,000 | -53.2% | 0.5% |
| First Bank | $5,195,000 | $1,190,000 | -77.1% | 0.5% |
| Carrington Mortgage Services, LLC | $1,745,000 | $1,175,000 | -32.7% | 0.5% |
| U.S. Bank | $255,000 | $1,175,000 | 360.8% | 0.5% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,695,000 | $1,115,000 | -34.2% | 0.4% |
| CALIBER HOME LOANS, INC. | $9,335,000 | $1,115,000 | -88.1% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,925,000 | $1,065,000 | -44.7% | 0.4% |
| VILLAGE CAPITAL MORTGAGE | $95,000 | $1,050,000 | 1,005.3% | 0.4% |
| CHURCHILL MORTGAGE CORPORATION | $1,010,000 | n/a | 0.4% | |
| TIDEWATER MORTGAGE SERVICES, INC. | $1,475,000 | $945,000 | -35.9% | 0.4% |
| Flagstar Bank, FSB | $330,000 | $870,000 | 163.6% | 0.4% |
| C & F Mortgage Corporation | $2,525,000 | $835,000 | -66.9% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $310,000 | $825,000 | 166.1% | 0.3% |
| HOMESIDE FINANCIAL, LLC | $2,070,000 | $795,000 | -61.6% | 0.3% |
| The Federal Savings Bank | $175,000 | $720,000 | 311.4% | 0.3% |
| The Old Point National Bank of Phoebus | $345,000 | $690,000 | 100.0% | 0.3% |
| AgCarolina Farm Credit, FLCA | $270,000 | $665,000 | 146.3% | 0.3% |
| United Bank | $660,000 | n/a | 0.3% | |
| Bank of America | $1,290,000 | $655,000 | -49.2% | 0.3% |
| Blue Ridge Bank | $1,210,000 | $650,000 | -46.3% | 0.3% |
| CMG MORTGAGE, INC. | $305,000 | $650,000 | 113.1% | 0.3% |
| 21ST MORTGAGE CORPORATION | $175,000 | $620,000 | 254.3% | 0.3% |
| Keystone Funding, Inc. | $620,000 | n/a | 0.3% | |
| Citizens Bank | $370,000 | $605,000 | 63.5% | 0.2% |
| Ameris Bank | $195,000 | $575,000 | 194.9% | 0.2% |
| LANGLEY | $320,000 | $550,000 | 71.9% | 0.2% |
| STAUNTON FINANCIAL, INC. | $525,000 | n/a | 0.2% | |
| ABNB Federal Credit Union | $2,150,000 | $495,000 | -77.0% | 0.2% |
| American Mortgage & Equity Consultants, Inc. | $495,000 | n/a | 0.2% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $205,000 | $485,000 | 136.6% | 0.2% |
| Discover Bank | $190,000 | $475,000 | 150.0% | 0.2% |
| American Security Mortgage Corp. | $460,000 | n/a | 0.2% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $225,000 | $460,000 | 104.4% | 0.2% |
| CAPITAL CENTER, L.L.C. | $2,260,000 | $455,000 | -79.9% | 0.2% |
| ISERVE RESIDENTIAL LENDING, LLC | $295,000 | $415,000 | 40.7% | 0.2% |
| First Carolina Bank | $405,000 | n/a | 0.2% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $405,000 | n/a | 0.2% | |
| TRIAD FINANCIAL SERVICES, INC. | $395,000 | n/a | 0.2% | |
| Alcova Mortgage LLC | $1,450,000 | $370,000 | -74.5% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $370,000 | n/a | 0.1% | |
| FIRST COMMUNITY MORTGAGE, INC. | $355,000 | n/a | 0.1% | |
| KeyBank | $865,000 | $355,000 | -59.0% | 0.1% |
| LENDINGONE, LLC | $350,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $325,000 | n/a | 0.1% | |
| Wyndham Capital Mortgage, Inc. | $205,000 | $315,000 | 53.7% | 0.1% |
| LIBERTY HOME MORTGAGE CORPORATION | $310,000 | n/a | 0.1% | |
| INTERLINC MORTGAGE SERVICES, LLC | $295,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $405,000 | $295,000 | -27.2% | 0.1% |
| AMERICAN FINANCING CORPORATION | $320,000 | $275,000 | -14.1% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $165,000 | $270,000 | 63.6% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $85,000 | $270,000 | 217.6% | 0.1% |
| GoPrime Mortgage, Inc. | $520,000 | $265,000 | -49.0% | 0.1% |
| Mid-Continent Funding, Inc. | $265,000 | $265,000 | 0.0% | 0.1% |
| THRIVE MORTGAGE, LLC | $265,000 | n/a | 0.1% | |
| 1ST ADVANTAGE FEDERAL CREDIT UNION | $55,000 | $260,000 | 372.7% | 0.1% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $560,000 | $255,000 | -54.5% | 0.1% |
| N R L Federal Credit Union | $255,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $295,000 | $245,000 | -16.9% | 0.1% |
| Dollar Bank, Federal Savings Bank | $315,000 | $235,000 | -25.4% | 0.1% |
| SOVEREIGN LENDING GROUP INCORPORATED | $295,000 | $235,000 | -20.3% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $170,000 | $220,000 | 29.4% | 0.1% |
| BETTER MORTGAGE CORPORATION | $215,000 | $215,000 | 0.0% | 0.1% |
| Figure Lending LLC | $210,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $200,000 | n/a | 0.1% | |
| MORTGAGE INVESTORS GROUP, INC. | $195,000 | n/a | 0.1% | |
| M&T Bank | $225,000 | $195,000 | -13.3% | 0.1% |
| Nations Lending Corporation | $595,000 | $195,000 | -67.2% | 0.1% |
| North American Savings Bank, F.S.B. | $185,000 | n/a | 0.1% | |
| PIKE CREEK MORTGAGE SERVICES, INC. | $185,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $885,000 | $185,000 | -79.1% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $795,000 | $180,000 | -77.4% | 0.1% |
| LOANPAL, LLC | $175,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $2,610,000 | $175,000 | -93.3% | 0.1% |
| AMWEST FUNDING CORP. | $165,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $165,000 | n/a | 0.1% | |
| MCLEAN MORTGAGE CORPORATION | $455,000 | $165,000 | -63.7% | 0.1% |
| Neighborhood Loans, Inc. | $165,000 | n/a | 0.1% | |
| RESOURCE FINANCIAL SERVICES, INC. | $165,000 | n/a | 0.1% | |
| Alerus Financial | $145,000 | n/a | 0.1% | |
| EMM LOANS LLC | $175,000 | $145,000 | -17.1% | 0.1% |
| Gateway First Bank | $145,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $105,000 | $145,000 | 38.1% | 0.1% |
| Prosperity Home Mortgage, LLC | $1,340,000 | $145,000 | -89.2% | 0.1% |
| TOTAL MORTGAGE SERVICES, LLC | $145,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $185,000 | $135,000 | -27.0% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $125,000 | n/a | 0.1% | |
| COASTAL Federal Credit Union | $65,000 | $125,000 | 92.3% | 0.1% |
| Fifth Third Bank | $125,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $115,000 | n/a | 0.0% | |
| GUILD MORTGAGE COMPANY | $745,000 | $115,000 | -84.6% | 0.0% |
| LAKEVIEW LOAN SERVICING, LLC | $1,525,000 | $115,000 | -92.5% | 0.0% |
| CHARTWAY FEDERAL CREDIT UNION | $710,000 | $105,000 | -85.2% | 0.0% |
| CNB Bank | $105,000 | n/a | 0.0% | |
| United Community Bank | $360,000 | $105,000 | -70.8% | 0.0% |
| York Traditions Bank | $105,000 | n/a | 0.0% | |
| A&D Mortgage LLC | $375,000 | $85,000 | -77.3% | 0.0% |
| ADVANCIAL | $85,000 | n/a | 0.0% | |
| Fulton Bank | $75,000 | $85,000 | 13.3% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $105,000 | $85,000 | -19.0% | 0.0% |
| DAS Acquisition Company, LLC | $75,000 | n/a | 0.0% | |
| TOWER | $75,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $260,000 | $45,000 | -82.7% | 0.0% |
| Northwest Federal Credit Union | $35,000 | n/a | 0.0% | |
| ALLEGACY FEDERAL CREDIT UNION | $235,000 | $25,000 | -89.4% | 0.0% |
| Deere Employees Credit Union | $185,000 | $25,000 | -86.5% | 0.0% |
Elizabeth City's top lender by overall market share is NVR Mortgage Finance, Inc., with 8.3% market share. In second place, with 6.2%, is Southern Bank and Trust Company, having originated $15,400,000 in loans. In third place, with 5.5%, is Mortgage Research Center, LLC, having originated $13,690,000 in loans. In fourth place, with 5.3%, is QUICKEN LOANS, LLC, having originated $13,125,000 in loans. In fifth place, with 5.3%, is STATE EMPLOYEES', having originated $13,025,000 in loans.
Elizabeth City, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 719 | $191,545,000 | $266,405 |
| Other | 130 | $11,680,000 | $89,846 |
| Home Improvement | 125 | $9,605,000 | $76,840 |
| Cash Out Refi | 115 | $21,955,000 | $190,913 |
| Refi | 92 | $13,150,000 | $142,935 |
Elizabeth City's most frequently cited loan purpose was Home Purchase, with 719 originations. The 2nd most popular reason was Other, with 130 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 389 | $98,745,000 | $253,843 |
| 7-8% | 287 | $52,575,000 | $183,188 |
| 5-6% | 252 | $68,930,000 | $273,532 |
| Over 8% | 176 | $18,220,000 | $103,523 |
| 4-5% | 56 | $7,300,000 | $130,357 |
| <2.5% | 12 | $480,000 | $40,000 |
| 3-4% | 4 | $390,000 | $97,500 |
| 2.5-3% | 1 | $185,000 | $185,000 |
During 2023, Elizabeth City's most frequently originated rate bucket was 6-7%, with 389 originations.
Loan Sizing (Elizabeth City, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 478 | $137,240,000 | $287,113 |
| $100k-200k | 320 | $48,050,000 | $150,156 |
| $100,000 or less | 287 | $15,995,000 | $55,732 |
| $400k-600k | 86 | $39,400,000 | $458,140 |
| $600k-1000k | 9 | $6,205,000 | $689,444 |
| $Over $1MM | 1 | $1,045,000 | $1,045,000 |
Elizabeth City's loan sizing saw the bucket of loans from $200k-400k with 478 originations, totaling $137,240,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 545 | $148,605,000 | $272,670 |
| 60-80% | 156 | $36,550,000 | $234,295 |
| Under 20% | 152 | $6,770,000 | $44,539 |
| 20-40% | 145 | $13,395,000 | $92,379 |
| 40-60% | 97 | $15,565,000 | $160,464 |
| Over 100% | 77 | $24,375,000 | $316,558 |
Elizabeth City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 545 originations, totaling $148,605,000 in origination value.