Eufaula Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Eufaula averaged 6.22% for the week of 2024-10-10, compared to the national average of 6.32% for the same period.

The average rate for the prior week (2024-10-03) was 6.12% and one month ago for the week of 2024-09-05, the average rate was 6.45%.

Eufaula's average rate one year ago was 7.69%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.92%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Eufaula 30 Year Fixed Rate 2024-10-10 6.22%
Eufaula 30 Year Fixed Rate Refi 2024-10-10 6.92%
Eufaula 15 Year Fixed Rate 2024-10-10 5.41%
Eufaula 15 Year Fixed Rate Refi 2024-10-10 6.01%
Eufaula 30 Year FHA 2024-10-10 6.2%
Eufaula 30 Year FHA Refi 2024-10-10 6%
Eufaula 30 Year USDA 2024-10-10 6.28%
Eufaula 30 Year USDA Refi 2024-10-10 6.08%
Eufaula 30 Year VA 2024-10-10 5.65%
Eufaula 30 Year VA Refi 2024-10-10 6.05%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Eufaula, AL-GA.

Eufaula 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 Eufaula, AL-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
Five Star Credit Union 10 6.79% $3,645
QUICKEN LOANS, LLC 6 6.87% $4,896
Assurance Financial Group, L.L.C. 4 6.38% $3,381
INTERLINC MORTGAGE SERVICES, LLC 4 6.81% $3,907
Trustmark National Bank 3 6.29% $3,628
21ST MORTGAGE CORPORATION 2 6.73% $5,595
CMG MORTGAGE, INC. 2 6.93% $5,449
CROSSCOUNTRY MORTGAGE, LLC 2 6.75% $4,966
JPMorgan Chase Bank 2 7.13% $3,349
MORTGAGE INVESTORS GROUP, INC. 2 0.00% $3,036
VANDERBILT MORTGAGE AND FINANCE, INC. 2 7.06% $4,657
GERSHMAN INVESTMENT CORP. 1 7.13% $3,726
CARDINAL FINANCIAL 1 7.38% $8,457
USAA Federal Savings Bank 1 6.63% $6,149
LOANDEPOT.COM, LLC 1 6.50% $2,028
ZILLOW HOME LOANS, LLC 1 6.13% $10,366
MOVEMENT MORTGAGE, LLC 1 8.50% $6,494
PNC Bank 1 7.38% $3,880
PREMIA MORTGAGE, LLC 1 5.63% $161
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.62% $3,109
Regions Bank 1 6.25% $4,134
ServisFirst Bank 1 6.25% $3,062
SmartBank 1 6.50% $2,993
SWBC MORTGAGE CORPORATION 1 7.50% $8,157
Synovus Bank 1 7.13% $3,087
AMERISAVE MORTGAGE CORPORATION 1 6.25% $3,988
UNION HOME MORTGAGE CORP. 1 6.88% $6,311
UNITED WHOLESALE MORTGAGE, LLC 1 7.41% $3,992
Discover Bank 1 6.49% $0
Consumer First Mortgage, Inc. 1 7.50% $4,954
FREEDOM MORTGAGE CORPORATION 1 8.25% $4,730

Eufaula Average Closing Costs & Other Stats

Eufaula, AL-GA's 31 lenders originated 249 loans during 2023. The total origination value was $33,655,000, with an average loan value of $135,161.

Eufaula's average closing costs are $4,683.

The top Eufaula lender as defined by loan originations is Five Star Credit Union, with 10 loans originated. Their average total fees are $3,645, which is $1,250 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Eufaula lenders (with over 10 loans originated) are Five Star Credit Union ($3,645), .

The lowest rate Eufaula lenders (with over 10 loans originated) are Five Star Credit Union (6.79%), .

Eufaula, AL-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
Five Star Credit Union $1,685,000 $2,890,000 71.5% 8.6%
QUICKEN LOANS, LLC $4,915,000 $2,555,000 -48.0% 7.6%
21ST MORTGAGE CORPORATION $695,000 $1,855,000 166.9% 5.5%
Mortgage Research Center, LLC $1,560,000 $1,715,000 9.9% 5.1%
PeoplesSouth Bank $1,920,000 $1,655,000 -13.8% 4.9%
Renasant Bank $3,215,000 $1,515,000 -52.9% 4.5%
Trustmark National Bank $1,680,000 $1,135,000 -32.4% 3.4%
INTERLINC MORTGAGE SERVICES, LLC $700,000 $1,070,000 52.9% 3.2%
PNC Bank $2,785,000 $965,000 -65.4% 2.9%
CROSSCOUNTRY MORTGAGE, LLC $705,000 $910,000 29.1% 2.7%
UNITED WHOLESALE MORTGAGE, LLC $535,000 $895,000 67.3% 2.7%
NAVY FEDERAL CREDIT UNION $185,000 $850,000 359.5% 2.5%
Troy Bank and Trust Company $460,000 $800,000 73.9% 2.4%
Bank of England $285,000 $790,000 177.2% 2.3%
Regions Bank $930,000 $720,000 -22.6% 2.1%
Assurance Financial Group, L.L.C. $585,000 n/a 1.7%
VANDERBILT MORTGAGE AND FINANCE, INC. $380,000 $585,000 53.9% 1.7%
First State Bank of Blakely, Inc. $55,000 $570,000 936.4% 1.7%
MORTGAGE INVESTORS GROUP, INC. $335,000 $550,000 64.2% 1.6%
LOANDEPOT.COM, LLC $1,590,000 $520,000 -67.3% 1.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,240,000 $515,000 -58.5% 1.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $690,000 $475,000 -31.2% 1.4%
CANOPY MORTGAGE, LLC $430,000 n/a 1.3%
CARDINAL FINANCIAL $220,000 $410,000 86.4% 1.2%
CMG MORTGAGE, INC. $95,000 $395,000 315.8% 1.2%
PENNYMAC LOAN SERVICES, LLC $75,000 $385,000 413.3% 1.1%
FREEDOM MORTGAGE CORPORATION $215,000 $365,000 69.8% 1.1%
SWBC MORTGAGE CORPORATION $45,000 $365,000 711.1% 1.1%
HNB First Bank $360,000 n/a 1.1%
Ameris Bank $1,290,000 $355,000 -72.5% 1.1%
UNION HOME MORTGAGE CORP. $85,000 $330,000 288.2% 1.0%
RELIANCE FIRST CAPITAL, LLC $115,000 $325,000 182.6% 1.0%
JPMorgan Chase Bank $190,000 $310,000 63.2% 0.9%
Discover Bank $130,000 $260,000 100.0% 0.8%
Barrington Bank & Trust Company, N.A. $235,000 $215,000 -8.5% 0.6%
GERSHMAN INVESTMENT CORP. $215,000 n/a 0.6%
AMERISAVE MORTGAGE CORPORATION $125,000 $210,000 68.0% 0.6%
Guardian Credit Union $210,000 n/a 0.6%
Mr. Cooper ( Nationstar Mortgage ) $705,000 $205,000 -70.9% 0.6%
PREMIA MORTGAGE, LLC $345,000 $205,000 -40.6% 0.6%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $295,000 $195,000 -33.9% 0.6%
First South Farm Credit, ACA $115,000 $195,000 69.6% 0.6%
Consumer First Mortgage, Inc. $185,000 n/a 0.5%
Georgia Community Bank $185,000 n/a 0.5%
MORTGAGE SOLUTIONS OF COLORADO, LLC $155,000 $185,000 19.4% 0.5%
USAA Federal Savings Bank $165,000 n/a 0.5%
ZILLOW HOME LOANS, LLC $165,000 n/a 0.5%
Truist $75,000 $160,000 113.3% 0.5%
ALL IN $390,000 $155,000 -60.3% 0.5%
OPEN MORTGAGE, LLC $145,000 n/a 0.4%
CSL Financial, LLC $125,000 n/a 0.4%
BancorpSouth $120,000 n/a 0.4%
Arvest Bank $355,000 $115,000 -67.6% 0.3%
Citizens Bank $105,000 n/a 0.3%
PLAZA HOME MORTGAGE, INC. $105,000 n/a 0.3%
The Citizens Bank $105,000 n/a 0.3%
V.I.P. MORTGAGE, INC. $105,000 n/a 0.3%
MOVEMENT MORTGAGE, LLC $95,000 n/a 0.3%
TOP FLITE FINANCIAL, INC. $85,000 n/a 0.3%
SmartBank $75,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $105,000 $65,000 -38.1% 0.2%
River Bank & Trust $300,000 $65,000 -78.3% 0.2%
Synovus Bank $495,000 $65,000 -86.9% 0.2%
First Federal Bank $55,000 n/a 0.2%
ServisFirst Bank $55,000 n/a 0.2%
SPRING EQ, LLC $55,000 n/a 0.2%
UTILITIES EMPLOYEES CREDIT UNION $55,000 n/a 0.2%
APCO EMPLOYEES $225,000 $25,000 -88.9% 0.1%
MidSouth Bank $25,000 n/a 0.1%
PrimeSouth Bank $25,000 n/a 0.1%
The Samson Banking Company, Inc. $25,000 n/a 0.1%
AVADIAN $15,000 n/a 0.0%
FirstBank $855,000 $15,000 -98.2% 0.0%

Eufaula's top lender by overall market share is Five Star Credit Union, with 8.6% market share. In second place, with 7.6%, is QUICKEN LOANS, LLC, having originated $2,555,000 in loans. In third place, with 5.5%, is 21ST MORTGAGE CORPORATION, having originated $1,855,000 in loans. In fourth place, with 5.1%, is Mortgage Research Center, LLC, having originated $1,715,000 in loans. In fifth place, with 4.9%, is PeoplesSouth Bank, having originated $1,655,000 in loans.

Eufaula, AL-GA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 140 $20,530,000 $146,643
Refi 34 $4,780,000 $140,588
Cash Out Refi 31 $4,105,000 $132,419
Other 28 $2,570,000 $91,786
Home Improvement 16 $1,670,000 $104,375

Eufaula's most frequently cited loan purpose was Home Purchase, with 140 originations. The 2nd most popular reason was Refi, with 34 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
Over 8% 80 $7,740,000 $96,750
6-7% 72 $12,420,000 $172,500
7-8% 54 $6,970,000 $129,074
5-6% 22 $3,830,000 $174,091
<2.5% 2 $550,000 $275,000
2.5-3% 2 $60,000 $30,000
4-5% 1 $215,000 $215,000
3-4% 1 $125,000 $125,000

During 2023, Eufaula's most frequently originated rate bucket was Over 8%, with 80 originations.

Loan Sizing (Eufaula, AL-GA MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 114 $6,620,000 $58,070
$100k-200k 86 $12,500,000 $145,349
$200k-400k 41 $10,515,000 $256,463
$400k-600k 7 $3,345,000 $477,857
$600k-1000k 1 $675,000 $675,000

Eufaula's loan sizing saw the bucket of loans from $100,000 or less with 114 originations, totaling $6,620,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 125 $20,385,000 $163,080
60-80% 39 $5,195,000 $133,205
20-40% 26 $1,420,000 $54,615
40-60% 23 $2,935,000 $127,609
Under 20% 15 $845,000 $56,333
Over 100% 4 $1,000,000 $250,000

Eufaula's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 125 originations, totaling $20,385,000 in origination value.