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 7.29% for the week of 2023-11-22, compared to the national average of 7.29% for the same period.

The average rate for the prior week (2023-11-16) was 7.64% and one month ago for the week of 2023-10-19, the average rate was 7.83%.

Eufaula's average rate one year ago was 6.51%.

For refis of the same type during the week of 2023-11-22, the average rate was 7.49%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-11-22 7.29%
Eufaula 30 Year Fixed Rate 2023-11-22 7.29%
Eufaula 30 Year Fixed Rate Refi 2023-11-22 7.49%
Eufaula 15 Year Fixed Rate 2023-11-22 6.67%
Eufaula 15 Year Fixed Rate Refi 2023-11-22 6.87%
Eufaula 30 Year FHA 2023-11-22 0.1%
Eufaula 30 Year FHA Refi 2023-11-22 0.2%
Eufaula 30 Year USDA 2023-11-22 0.2%
Eufaula 30 Year USDA Refi 2023-11-22 0.1%
Eufaula 30 Year VA 2023-11-22 0.1%
Eufaula 30 Year VA Refi 2023-11-22 -0.1%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 13 5.20% $5,295
PNC Bank 6 4.65% $4,506
Renasant Bank 6 5.10% $6,045
LOANDEPOT.COM, LLC 5 3.80% $5,223
Five Star Credit Union 5 5.73% $3,950
Trustmark National Bank 3 3.79% $3,990
CALIBER HOME LOANS, INC. 3 4.81% $3,411
Regions Bank 3 5.46% $4,047
ROYAL UNITED MORTGAGE LLC 3 5.71% $6,067
FirstBank 2 5.56% $5,754
Bank of America 2 3.69% $5,307
Ameris Bank 2 5.19% $5,235
JPMorgan Chase Bank 2 5.43% $3,701
Wells Fargo Bank 2 4.13% $3,731
HOMESTAR FINANCIAL CORPORATION 1 5.50% $2,313
Hometown Lenders, Inc. 1 5.63% $4,511
INTERLINC MORTGAGE SERVICES, LLC 1 6.63% $3,575
Wyndham Capital Mortgage, Inc. 1 5.13% $2,666
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.13% $3,731
Magnolia Bank 1 3.50% $3,319
Mr. Cooper ( Nationstar Mortgage ) 1 4.50% $6,918
M&T Bank 1 7.25% $3,799
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.50% $5,631
NEWREZ LLC 1 5.38% $2,616
Paramount Residential Mortgage Group, Inc. 1 3.25% $3,853
PENTAGON FEDERAL CREDIT UNION 1 3.00% $2,866
Pinnacle Bank 1 6.00% $3,268
CROSSCOUNTRY MORTGAGE, LLC 1 6.58% $16,209
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.38% $6,832
Cf Bank 1 5.00% $2,817
Capital City Home Loans, LLC 1 6.13% $8,052
BANKSOUTH MORTGAGE COMPANY, LLC 1 4.00% $4,513
Arvest Bank 1 4.13% $5,833
SWBC MORTGAGE CORPORATION 1 6.63% $826
Synovus Bank 1 3.88% $3,538
TOWNE MORTGAGE COMPANY 1 5.25% $3,669
Troy Bank and Trust Company 1 3.63% $4,228
APCO EMPLOYEES 1 3.38% $3,050
U.S. Bank 1 3.99% $2,259
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.25% $5,693
VAN DYK MORTGAGE CORPORATION 1 5.00% $4,186
GUARANTY HOME MORTGAGE CORPORATION 1 6.38% $3,242
HOME POINT FINANCIAL CORPORATION 1 2.75% $5,307

Eufaula Average Closing Costs & Other Stats

Eufaula, AL-GA's 43 lenders originated 297 loans during 2022. The total origination value was $46,305,000, with an average loan value of $155,909.

Eufaula's average closing costs are $4,578.

The top Eufaula lender as defined by loan originations is QUICKEN LOANS, LLC, with 13 loans originated. Their average total fees are $5,295, which is $789 higher than the next largest lender, PNC Bank.

The lowest fee Eufaula lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($5,295), .

The lowest rate Eufaula lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.20%), .

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
QUICKEN LOANS, LLC $10,030,000 $4,915,000 -51.0% 10.6%
Renasant Bank $4,215,000 $3,215,000 -23.7% 6.9%
PNC Bank $690,000 $2,785,000 303.6% 6.0%
PeoplesSouth Bank $955,000 $1,920,000 101.0% 4.1%
Five Star Credit Union $2,865,000 $1,685,000 -41.2% 3.6%
Trustmark National Bank $2,745,000 $1,680,000 -38.8% 3.6%
LOANDEPOT.COM, LLC $945,000 $1,590,000 68.3% 3.4%
Mortgage Research Center, LLC $2,695,000 $1,560,000 -42.1% 3.4%
Ameris Bank $1,055,000 $1,290,000 22.3% 2.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,140,000 $1,240,000 8.8% 2.7%
CALIBER HOME LOANS, INC. $480,000 $1,155,000 140.6% 2.5%
TOWNE MORTGAGE COMPANY $985,000 n/a 2.1%
Regions Bank $590,000 $930,000 57.6% 2.0%
FirstBank $500,000 $855,000 71.0% 1.8%
BROKER SOLUTIONS, INC. $350,000 $745,000 112.9% 1.6%
NATIONS DIRECT MORTGAGE, LLC $710,000 n/a 1.5%
CROSSCOUNTRY MORTGAGE, LLC $370,000 $705,000 90.5% 1.5%
Mr. Cooper ( Nationstar Mortgage ) $455,000 $705,000 54.9% 1.5%
INTERLINC MORTGAGE SERVICES, LLC $1,430,000 $700,000 -51.0% 1.5%
21ST MORTGAGE CORPORATION $1,230,000 $695,000 -43.5% 1.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,265,000 $690,000 -45.5% 1.5%
Hometown Lenders, Inc. $1,335,000 $655,000 -50.9% 1.4%
HOME POINT FINANCIAL CORPORATION $280,000 $615,000 119.6% 1.3%
Wells Fargo Bank $2,300,000 $580,000 -74.8% 1.3%
UNITED WHOLESALE MORTGAGE, LLC $745,000 $535,000 -28.2% 1.2%
Synovus Bank $665,000 $495,000 -25.6% 1.1%
GMFS LLC $480,000 n/a 1.0%
Troy Bank and Trust Company $435,000 $460,000 5.7% 1.0%
Paragon Bank $405,000 n/a 0.9%
ALL IN $390,000 n/a 0.8%
VANDERBILT MORTGAGE AND FINANCE, INC. $475,000 $380,000 -20.0% 0.8%
Arvest Bank $355,000 n/a 0.8%
PREMIA MORTGAGE, LLC $345,000 n/a 0.7%
Cf Bank $335,000 n/a 0.7%
MORTGAGE INVESTORS GROUP, INC. $335,000 n/a 0.7%
Hamilton Mortgage Corporation $125,000 $330,000 164.0% 0.7%
PENTAGON FEDERAL CREDIT UNION $55,000 $330,000 500.0% 0.7%
Wyndham Capital Mortgage, Inc. $265,000 $315,000 18.9% 0.7%
Capital City Home Loans, LLC $65,000 $305,000 369.2% 0.7%
River Bank & Trust $495,000 $300,000 -39.4% 0.6%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $245,000 $295,000 20.4% 0.6%
Bank of England $285,000 n/a 0.6%
LAKEVIEW LOAN SERVICING, LLC $380,000 $285,000 -25.0% 0.6%
Central State Bank $255,000 n/a 0.6%
NEWREZ LLC $585,000 $255,000 -56.4% 0.6%
ROYAL UNITED MORTGAGE LLC $370,000 $245,000 -33.8% 0.5%
Barrington Bank & Trust Company, N.A. $655,000 $235,000 -64.1% 0.5%
VAN DYK MORTGAGE CORPORATION $175,000 $235,000 34.3% 0.5%
APCO EMPLOYEES $525,000 $225,000 -57.1% 0.5%
Bank of America $420,000 $220,000 -47.6% 0.5%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $135,000 $220,000 63.0% 0.5%
FREEDOM MORTGAGE CORPORATION $1,100,000 $215,000 -80.5% 0.5%
TJC Mortgage, Inc. $215,000 n/a 0.5%
GENEVA FINANCIAL, LLC $210,000 n/a 0.5%
Magnolia Bank $135,000 $210,000 55.6% 0.5%
U.S. Bank $195,000 n/a 0.4%
JPMorgan Chase Bank $105,000 $190,000 81.0% 0.4%
NAVY FEDERAL CREDIT UNION $565,000 $185,000 -67.3% 0.4%
Pinnacle Bank $185,000 n/a 0.4%
Nations Lending Corporation $175,000 n/a 0.4%
MORTGAGE SOLUTIONS OF COLORADO, LLC $155,000 n/a 0.3%
South State Bank $355,000 $155,000 -56.3% 0.3%
UMB Bank $155,000 n/a 0.3%
GUARANTY HOME MORTGAGE CORPORATION $145,000 n/a 0.3%
BOKF $135,000 n/a 0.3%
Paramount Residential Mortgage Group, Inc. $135,000 n/a 0.3%
TRIAD FINANCIAL SERVICES, INC. $135,000 n/a 0.3%
Discover Bank $130,000 n/a 0.3%
AMERISAVE MORTGAGE CORPORATION $590,000 $125,000 -78.8% 0.3%
MAX Credit Union $125,000 n/a 0.3%
First South Farm Credit, ACA $710,000 $115,000 -83.8% 0.2%
M&T Bank $115,000 n/a 0.2%
RELIANCE FIRST CAPITAL, LLC $135,000 $115,000 -14.8% 0.2%
HOMESTAR FINANCIAL CORPORATION $850,000 $105,000 -87.6% 0.2%
Ixonia Bank $105,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $105,000 n/a 0.2%
CMG MORTGAGE, INC. $95,000 n/a 0.2%
Flagstar Bank, FSB $535,000 $95,000 -82.2% 0.2%
LEGEND LENDING CORPORATION $95,000 n/a 0.2%
MID AMERICA MORTGAGE, INC. $95,000 n/a 0.2%
UNION HOME MORTGAGE CORP. $85,000 n/a 0.2%
PENNYMAC LOAN SERVICES, LLC $1,425,000 $75,000 -94.7% 0.2%
Truist $535,000 $75,000 -86.0% 0.2%
First State Bank of Blakely, Inc. $345,000 $55,000 -84.1% 0.1%
BANKSOUTH MORTGAGE COMPANY, LLC $45,000 n/a 0.1%
SWBC MORTGAGE CORPORATION $45,000 n/a 0.1%

Eufaula's top lender by overall market share is QUICKEN LOANS, LLC, with 10.6% market share. In second place, with 6.9%, is Renasant Bank, having originated $3,215,000 in loans. In third place, with 6.0%, is PNC Bank, having originated $2,785,000 in loans. In fourth place, with 4.1%, is PeoplesSouth Bank, having originated $1,920,000 in loans. In fifth place, with 3.6%, is Five Star Credit Union, having originated $1,685,000 in loans.

Eufaula, AL-GA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 161 $28,595,000 $177,609
Cash Out Refi 64 $9,700,000 $151,563
Refi 37 $5,095,000 $137,703
Other 24 $1,940,000 $80,833
Home Improvement 11 $975,000 $88,636

Eufaula's most frequently cited loan purpose was Home Purchase, with 161 originations. The 2nd most popular reason was Cash Out Refi, with 64 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
4-5% 70 $11,560,000 $165,143
5-6% 69 $11,605,000 $168,188
3-4% 58 $9,600,000 $165,517
6-7% 44 $6,850,000 $155,682
2.5-3% 22 $3,610,000 $164,091
7-8% 13 $845,000 $65,000
Over 8% 11 $685,000 $62,273
<2.5% 6 $580,000 $96,667

During 2022, Eufaula's most frequently originated rate bucket was 4-5%, with 70 originations.

Loan Sizing (Eufaula, AL-GA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 121 $17,225,000 $142,355
$100,000 or less 97 $5,845,000 $60,258
$200k-400k 70 $18,880,000 $269,714
$400k-600k 8 $3,740,000 $467,500
$600k-1000k 1 $615,000 $615,000

Eufaula's loan sizing saw the bucket of loans from $100k-200k with 121 originations, totaling $17,225,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 142 $25,430,000 $179,085
60-80% 69 $10,215,000 $148,043
40-60% 32 $4,360,000 $136,250
20-40% 23 $1,685,000 $73,261
Under 20% 15 $405,000 $27,000
Over 100% 11 $3,075,000 $279,545

Eufaula's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 142 originations, totaling $25,430,000 in origination value.