Eufaula Mortgage Rates & Closing Costs
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% |
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.).
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.