Eufaula Mortgage Rates
30 Year Fixed Rate mortgages in Eufaula averaged
5.98%
for the week of 2022-06-30, compared to the national average of
5.7% for the same period.
The average rate for the prior week (2022-06-23) was
5.99% and
one month ago for the week of 2022-05-26, the
average rate was 5.48%.
Eufaula's average rate one year ago was 3.25%.
For refis of the same type during the week of 2022-06-30, the average rate
was 6.11%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
| Eufaula 30 Year Fixed Rate | 2022-06-30 | 5.98% |
| Eufaula 30 Year Fixed Rate Refi | 2022-06-30 | 6.11% |
| Eufaula 15 Year Fixed Rate | 2022-06-30 | 6.41% |
| Eufaula 15 Year Fixed Rate Refi | 2022-06-30 | 5.62% |
| Eufaula 30 Year FHA | 2022-06-30 | 5.91% |
| Eufaula 30 Year FHA Refi | 2022-06-30 | 5.92% |
| Eufaula 30 Year USDA | 2022-06-30 | 5.8% |
| Eufaula 30 Year USDA Refi | 2022-06-30 | 5.5% |
| Eufaula 30 Year VA | 2022-06-30 | 5.93% |
| Eufaula 30 Year VA Refi | 2022-06-30 | 5.3% |
Eufaula Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, 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.).
Eufaula, AL-GA's 45 lenders originated 448
loans during 2021. The total origination value was $68,030,000, with an average loan value of
$151,853.
The top Eufaula lender as defined by loan originations is QUICKEN LOANS, LLC, with
23 loans originated. Their average total fees are
$4,774, which is $1,152
higher than the next largest lender,
BBVA USA.
The lowest fee Eufaula lenders (with over 10 loans originated) are
BBVA USA ($3,622), QUICKEN LOANS, LLC ($4,774), .
The lowest rate Eufaula lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (3.11%), BBVA USA (3.39%), .
Eufaula, AL-GA Lender 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $5,540,000 | $10,030,000 | 81.0% | 14.7% |
| BBVA USA | $9,430,000 | $4,950,000 | -47.5% | 7.3% |
| Renasant Bank | $3,385,000 | $4,215,000 | 24.5% | 6.2% |
| Five Star Credit Union | $310,000 | $2,865,000 | 824.2% | 4.2% |
| Trustmark National Bank | $1,010,000 | $2,745,000 | 171.8% | 4.0% |
| Mortgage Research Center, LLC | $970,000 | $2,695,000 | 177.8% | 4.0% |
| Wells Fargo Bank | $1,530,000 | $2,300,000 | 50.3% | 3.4% |
| INTERLINC MORTGAGE SERVICES, LLC | $665,000 | $1,430,000 | 115.0% | 2.1% |
| PENNYMAC LOAN SERVICES, LLC | $775,000 | $1,425,000 | 83.9% | 2.1% |
| Hometown Lenders, Inc. | $1,785,000 | $1,335,000 | -25.2% | 2.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,165,000 | $1,265,000 | -41.6% | 1.9% |
| 21ST MORTGAGE CORPORATION | $785,000 | $1,230,000 | 56.7% | 1.8% |
| STEARNS LENDING, LLC | $420,000 | $1,180,000 | 181.0% | 1.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,140,000 | n/a | 1.7% | |
| FREEDOM MORTGAGE CORPORATION | $3,500,000 | $1,100,000 | -68.6% | 1.6% |
| Ameris Bank | $1,815,000 | $1,055,000 | -41.9% | 1.6% |
| PeoplesSouth Bank | $515,000 | $955,000 | 85.4% | 1.4% |
| LOANDEPOT.COM, LLC | $630,000 | $945,000 | 50.0% | 1.4% |
| Morgan Stanley Private Bank | $905,000 | n/a | 1.3% | |
| HOMESTAR FINANCIAL CORPORATION | $315,000 | $850,000 | 169.8% | 1.2% |
| MOVEMENT MORTGAGE, LLC | $815,000 | n/a | 1.2% | |
| UNITED WHOLESALE MORTGAGE, LLC | $135,000 | $745,000 | 451.9% | 1.1% |
| First South Farm Credit, ACA | $710,000 | n/a | 1.0% | |
| PNC Bank | $690,000 | n/a | 1.0% | |
| Synovus Bank | $1,975,000 | $665,000 | -66.3% | 1.0% |
| NEW DAY FINANCIAL, LLC | $645,000 | $660,000 | 2.3% | 1.0% |
| Barrington Bank & Trust Company, N.A. | $885,000 | $655,000 | -26.0% | 1.0% |
| AMERISAVE MORTGAGE CORPORATION | $590,000 | n/a | 0.9% | |
| Regions Bank | $320,000 | $590,000 | 84.4% | 0.9% |
| NEWREZ LLC | $420,000 | $585,000 | 39.3% | 0.9% |
| NAVY FEDERAL CREDIT UNION | $1,710,000 | $565,000 | -67.0% | 0.8% |
| Flagstar Bank, FSB | $535,000 | n/a | 0.8% | |
| Truist Bank | $535,000 | n/a | 0.8% | |
| APCO EMPLOYEES | $300,000 | $525,000 | 75.0% | 0.8% |
| FirstBank | $220,000 | $500,000 | 127.3% | 0.7% |
| River Bank & Trust | $495,000 | n/a | 0.7% | |
| CALIBER HOME LOANS, INC. | $480,000 | n/a | 0.7% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,075,000 | $475,000 | -55.8% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $640,000 | $455,000 | -28.9% | 0.7% |
| Troy Bank and Trust Company | $390,000 | $435,000 | 11.5% | 0.6% |
| Bank of America | $340,000 | $420,000 | 23.5% | 0.6% |
| ENVOY MORTGAGE, LTD | $415,000 | $410,000 | -1.2% | 0.6% |
| LAKEVIEW LOAN SERVICING, LLC | $680,000 | $380,000 | -44.1% | 0.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $230,000 | $370,000 | 60.9% | 0.5% |
| ROYAL UNITED MORTGAGE LLC | $240,000 | $370,000 | 54.2% | 0.5% |
| South State Bank | $355,000 | n/a | 0.5% | |
| BROKER SOLUTIONS, INC. | $350,000 | n/a | 0.5% | |
| HOMESIDE FINANCIAL, LLC | $350,000 | n/a | 0.5% | |
| First State Bank of Blakely, Inc. | $150,000 | $345,000 | 130.0% | 0.5% |
| Low VA Rates, LLC | $325,000 | n/a | 0.5% | |
| North American Savings Bank, F.S.B. | $315,000 | n/a | 0.5% | |
| Stifel Bank and Trust | $295,000 | n/a | 0.4% | |
| HOME POINT FINANCIAL CORPORATION | $230,000 | $280,000 | 21.7% | 0.4% |
| KELLER MORTGAGE, LLC | $195,000 | $275,000 | 41.0% | 0.4% |
| USAA Federal Savings Bank | $1,440,000 | $265,000 | -81.6% | 0.4% |
| Wyndham Capital Mortgage, Inc. | $265,000 | n/a | 0.4% | |
| Carrington Mortgage Services, LLC | $280,000 | $255,000 | -8.9% | 0.4% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $485,000 | $245,000 | -49.5% | 0.4% |
| Consumer First Mortgage, Inc. | $245,000 | n/a | 0.4% | |
| DIGITAL Federal Credit Union | $245,000 | n/a | 0.4% | |
| DIRECT MORTGAGE LOANS, LLC | $235,000 | n/a | 0.3% | |
| Flint Community Bank | $235,000 | n/a | 0.3% | |
| Triumph Bank | $235,000 | n/a | 0.3% | |
| BLACK HILLS FEDERAL CREDIT UNION | $225,000 | n/a | 0.3% | |
| CRESCENT MORTGAGE COMPANY | $225,000 | n/a | 0.3% | |
| SOUTHWEST STAGE FUNDING, LLC | $185,000 | $225,000 | 21.6% | 0.3% |
| AMERICAN FINANCING CORPORATION | $205,000 | n/a | 0.3% | |
| BETTER MORTGAGE CORPORATION | $165,000 | $185,000 | 12.1% | 0.3% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $175,000 | n/a | 0.3% | |
| Tyndall Federal Credit Union | $175,000 | n/a | 0.3% | |
| VAN DYK MORTGAGE CORPORATION | $175,000 | n/a | 0.3% | |
| GUILD MORTGAGE COMPANY | $490,000 | $160,000 | -67.3% | 0.2% |
| Alabama One Credit Union | $155,000 | n/a | 0.2% | |
| AmeriHome Mortgage Company, LLC | $115,000 | $155,000 | 34.8% | 0.2% |
| ON Q FINANCIAL, INC. | $155,000 | n/a | 0.2% | |
| OPEN MORTGAGE, LLC | $155,000 | n/a | 0.2% | |
| PLANET HOME LENDING, LLC | $185,000 | $155,000 | -16.2% | 0.2% |
| Valley National Bank | $155,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $155,000 | n/a | 0.2% | |
| TOTAL MORTGAGE SERVICES, LLC | $145,000 | $145,000 | 0.0% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $125,000 | $135,000 | 8.0% | 0.2% |
| Citizens Bank | $135,000 | n/a | 0.2% | |
| GEORGIA'S OWN | $135,000 | n/a | 0.2% | |
| Magnolia Bank | $135,000 | n/a | 0.2% | |
| RELIANCE FIRST CAPITAL, LLC | $135,000 | n/a | 0.2% | |
| SOUTHEAST MORTGAGE OF GEORGIA, INC. | $135,000 | n/a | 0.2% | |
| UNIVERSITY LENDING GROUP, LLC | $135,000 | n/a | 0.2% | |
| Hamilton Mortgage Corporation | $540,000 | $125,000 | -76.9% | 0.2% |
| ATLANTA POSTAL | $105,000 | n/a | 0.2% | |
| JPMorgan Chase Bank | $200,000 | $105,000 | -47.5% | 0.2% |
| The First, A National Banking Association | $75,000 | n/a | 0.1% | |
| 1st Franklin Financial Corporation | $65,000 | n/a | 0.1% | |
| Capital City Home Loans, LLC | $245,000 | $65,000 | -73.5% | 0.1% |
| Fort McClellan Credit Union | $55,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $215,000 | $55,000 | -74.4% | 0.1% |
| AMERICAN ADVISORS GROUP | $35,000 | n/a | 0.1% | |
| CU COMMUNITY, LLC | $35,000 | n/a | 0.1% |
Eufaula's top lender by overall market share is QUICKEN LOANS, LLC, with 14.7% market share. In second place, with 7.3%, is BBVA USA, having originated $4,950,000 in loans. In third place, with 6.2%, is Renasant Bank, having originated $4,215,000 in loans. In third place, with 4.2%, is Five Star Credit Union, having originated $2,865,000 in loans. In third place, with 4.0%, is Trustmark National Bank, having originated $2,745,000 in loans.
Eufaula, AL-GA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 221 | $34,135,000 | $154,457 |
| Refi | 125 | $18,675,000 | $149,400 |
| Cash Out Refi | 78 | $11,710,000 | $150,128 |
| Other | 16 | $2,720,000 | $170,000 |
| Home Improvement | 8 | $790,000 | $98,750 |
Eufaula's most frequently cited loan purpose was Home Purchase, with 221 originations. The 2nd most popular reason was Refi, with 125 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 149 | $26,315,000 | $176,611 |
| 3-4% | 147 | $22,915,000 | $155,884 |
| <2.5% | 67 | $11,535,000 | $172,164 |
| 4-5% | 36 | $3,440,000 | $95,556 |
| 5-6% | 15 | $995,000 | $66,333 |
| Over 8% | 14 | $1,200,000 | $85,714 |
| 6-7% | 7 | $485,000 | $69,286 |
| 7-8% | 7 | $485,000 | $69,286 |
During 2021, Eufaula's most frequently originated rate bucket was 2.5-3%, with 149 originations.
Loan Sizing (Eufaula, AL-GA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 211 | $29,425,000 | $139,455 |
| $100,000 or less | 129 | $7,795,000 | $60,426 |
| $200k-400k | 97 | $25,025,000 | $257,990 |
| $400k-600k | 9 | $4,175,000 | $463,889 |
| $600k-1000k | 2 | $1,610,000 | $805,000 |
Eufaula's loan sizing saw the bucket of loans from $100k-200k with 211 originations, totaling $29,425,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 211 | $34,295,000 | $162,536 |
| 60-80% | 126 | $20,970,000 | $166,429 |
| 40-60% | 51 | $6,515,000 | $127,745 |
| 20-40% | 25 | $2,205,000 | $88,200 |
| Under 20% | 9 | $385,000 | $42,778 |
| Over 100% | 3 | $445,000 | $148,333 |
Eufaula's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 211 originations, totaling $34,295,000 in origination value.
