Fairmont Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Fairmont averaged
6.89%
for the week of 2023-11-30, compared to the national average of
7.22% for the same period.
The average rate for the prior week (2023-11-22) was
6.86% and
one month ago for the week of 2023-10-26, the
average rate was 7.46%.
Fairmont's average rate one year ago was 5.95%.
For refis of the same type during the week of 2023-11-30, the average rate
was 7.52%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-30 | 7.22% |
Fairmont 30 Year Fixed Rate | 2023-11-30 | 6.89% |
Fairmont 30 Year Fixed Rate Refi | 2023-11-30 | 7.52% |
Fairmont 15 Year Fixed Rate | 2023-11-30 | 6.56% |
Fairmont 15 Year Fixed Rate Refi | 2023-11-30 | 6.96% |
Fairmont 30 Year FHA | 2023-11-30 | 6.26% |
Fairmont 30 Year FHA Refi | 2023-11-30 | 6.95% |
Fairmont 30 Year USDA | 2023-11-30 | 6.9% |
Fairmont 30 Year USDA Refi | 2023-11-30 | 7% |
Fairmont 30 Year VA | 2023-11-30 | 6.57% |
Fairmont 30 Year VA Refi | 2023-11-30 | 6.57% |
Fairmont 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 Fairmont, WV 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.).
Fairmont Average Closing Costs & Other Stats
Fairmont, WV's 59 lenders originated 1,096
loans during 2022. The total origination value was $171,420,000, with an average loan value of
$156,405.
Fairmont's average closing costs are $4,441.
The top Fairmont lender as defined by loan originations is FAIRMONT, with
69 loans originated. Their average total fees are
$2,640, which is $2,138
lower than the next largest lender,
LOANDEPOT.COM, LLC.
The lowest fee Fairmont lenders (with over 10 loans originated) are
City National Bank of West Virginia ($1,927), First Federal Savings and Loan Association of Greene Co ($2,633), FAIRMONT ($2,640), INTERCOASTAL MORTGAGE COMPANY ($3,284) and WesBanco ($3,721).
The lowest rate Fairmont lenders (with over 10 loans originated) are
First Federal Savings and Loan Association of Greene Co (3.96%), FAIRMONT (3.96%), City National Bank of West Virginia (4.32%), First Federal Bank of the Midwest (4.40%) and PNC Bank (4.55%).
Fairmont, WV 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 |
---|---|---|---|---|
The Huntington National Bank | $21,820,000 | $17,230,000 | -21.0% | 10.1% |
First Exchange Bank | $12,570,000 | $14,600,000 | 16.1% | 8.5% |
FAIRMONT | $21,255,000 | $13,850,000 | -34.8% | 8.1% |
LOANDEPOT.COM, LLC | $11,665,000 | $13,710,000 | 17.5% | 8.0% |
QUICKEN LOANS, LLC | $26,795,000 | $11,110,000 | -58.5% | 6.5% |
First Federal Bank of the Midwest | $17,410,000 | $9,980,000 | -42.7% | 5.8% |
WesBanco Bank, Inc. | $8,585,000 | $8,420,000 | -1.9% | 4.9% |
City National Bank of West Virginia | $4,685,000 | $7,790,000 | 66.3% | 4.5% |
Mortgage Research Center, LLC | $5,555,000 | $6,135,000 | 10.4% | 3.6% |
First Federal Savings and Loan Association of Greene Co | $6,020,000 | $6,095,000 | 1.2% | 3.6% |
Truist | $9,935,000 | $5,620,000 | -43.4% | 3.3% |
Sierra Pacific Mortgage Company, Inc. | $7,385,000 | $4,610,000 | -37.6% | 2.7% |
PNC Bank | $2,580,000 | $4,015,000 | 55.6% | 2.3% |
INTERCOASTAL MORTGAGE COMPANY | $24,325,000 | $2,955,000 | -87.9% | 1.7% |
Clear Mountain Bank | $8,980,000 | $2,625,000 | -70.8% | 1.5% |
First Guaranty Bank | $2,055,000 | n/a | 1.2% | |
Flagstar Bank, FSB | $2,455,000 | $1,985,000 | -19.1% | 1.2% |
UNITED WHOLESALE MORTGAGE, LLC | $1,365,000 | $1,980,000 | 45.1% | 1.2% |
AMERISAVE MORTGAGE CORPORATION | $3,285,000 | $1,690,000 | -48.6% | 1.0% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,330,000 | $1,540,000 | -53.8% | 0.9% |
First United Corporation | $1,040,000 | $1,500,000 | 44.2% | 0.9% |
Wells Fargo Bank | $1,680,000 | $1,400,000 | -16.7% | 0.8% |
MOVEMENT MORTGAGE, LLC | $2,745,000 | $1,365,000 | -50.3% | 0.8% |
FREEDOM MORTGAGE CORPORATION | $5,800,000 | $1,255,000 | -78.4% | 0.7% |
HOME POINT FINANCIAL CORPORATION | $5,045,000 | $1,205,000 | -76.1% | 0.7% |
JUSTICE Federal Credit Union | $1,730,000 | $1,150,000 | -33.5% | 0.7% |
BROKER SOLUTIONS, INC. | $995,000 | $945,000 | -5.0% | 0.6% |
NAVY FEDERAL CREDIT UNION | $1,820,000 | $885,000 | -51.4% | 0.5% |
UNION HOME MORTGAGE CORP. | $1,950,000 | $795,000 | -59.2% | 0.5% |
DAS Acquisition Company, LLC | $775,000 | n/a | 0.5% | |
U.S. Bank | $2,305,000 | $745,000 | -67.7% | 0.4% |
NFM, INC. | $255,000 | $685,000 | 168.6% | 0.4% |
Fifth Third Bank | $525,000 | $650,000 | 23.8% | 0.4% |
PENNYMAC LOAN SERVICES, LLC | $1,290,000 | $620,000 | -51.9% | 0.4% |
The United Federal Credit Union | $200,000 | $620,000 | 210.0% | 0.4% |
JPMorgan Chase Bank | $2,185,000 | $615,000 | -71.9% | 0.4% |
EMBRACE HOME LOANS, INC. | $610,000 | n/a | 0.4% | |
CNB Bank Inc. | $605,000 | n/a | 0.4% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $520,000 | $600,000 | 15.4% | 0.4% |
CALIBER HOME LOANS, INC. | $1,480,000 | $580,000 | -60.8% | 0.3% |
MEMBER FIRST MORTGAGE, LLC | $575,000 | n/a | 0.3% | |
Gateway First Bank | $360,000 | $545,000 | 51.4% | 0.3% |
Ally Bank | $115,000 | $450,000 | 291.3% | 0.3% |
EVERETT FINANCIAL, INC. | $445,000 | n/a | 0.3% | |
STEARNS LENDING, LLC | $410,000 | n/a | 0.2% | |
GUARANTEED RATE AFFINITY, LLC | $215,000 | $405,000 | 88.4% | 0.2% |
BETTER MORTGAGE CORPORATION | $1,425,000 | $395,000 | -72.3% | 0.2% |
Alcova Mortgage LLC | $35,000 | $385,000 | 1,000.0% | 0.2% |
AMERICAN FINANCING CORPORATION | $195,000 | $385,000 | 97.4% | 0.2% |
EQUITY RESOURCES, INC. | $380,000 | n/a | 0.2% | |
GUARANTEED RATE, INC. | $125,000 | $350,000 | 180.0% | 0.2% |
USAA Federal Savings Bank | $2,100,000 | $350,000 | -83.3% | 0.2% |
Community Bank | $345,000 | n/a | 0.2% | |
First Community Bank | $340,000 | $345,000 | 1.5% | 0.2% |
AMERICAN INTERNET MORTGAGE, INC. | $235,000 | $335,000 | 42.6% | 0.2% |
The Grant County Bank | $2,300,000 | $325,000 | -85.9% | 0.2% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $355,000 | $310,000 | -12.7% | 0.2% |
SOFI LENDING CORP. | $305,000 | n/a | 0.2% | |
CHESSIE | $430,000 | $295,000 | -31.4% | 0.2% |
Summit Community Bank, Inc. | $3,735,000 | $295,000 | -92.1% | 0.2% |
FIRST HOME MORTGAGE CORPORATION | $285,000 | n/a | 0.2% | |
HOMESPIRE MORTGAGE CORPORATION | $230,000 | $275,000 | 19.6% | 0.2% |
NEWREZ LLC | $215,000 | $270,000 | 25.6% | 0.2% |
Victorian Finance, LLC | $270,000 | n/a | 0.2% | |
CHURCHILL MORTGAGE CORPORATION | $270,000 | $260,000 | -3.7% | 0.2% |
The State Bank and Trust Company | $255,000 | n/a | 0.1% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $235,000 | n/a | 0.1% | |
Barrington Bank & Trust Company, N.A. | $420,000 | $235,000 | -44.0% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $230,000 | n/a | 0.1% | |
North American Savings Bank, F.S.B. | $420,000 | $225,000 | -46.4% | 0.1% |
Carrington Mortgage Services, LLC | $375,000 | $205,000 | -45.3% | 0.1% |
Huntingdon Valley Bank | $205,000 | n/a | 0.1% | |
Low VA Rates, LLC | $920,000 | $205,000 | -77.7% | 0.1% |
Bank of America | $280,000 | $200,000 | -28.6% | 0.1% |
The Federal Savings Bank | $1,605,000 | $195,000 | -87.9% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $580,000 | $190,000 | -67.2% | 0.1% |
Mr. Cooper ( Nationstar Mortgage ) | $230,000 | $185,000 | -19.6% | 0.1% |
Northpointe Bank | $185,000 | n/a | 0.1% | |
PENTAGON FEDERAL CREDIT UNION | $365,000 | $185,000 | -49.3% | 0.1% |
United Bank | $545,000 | $185,000 | -66.1% | 0.1% |
C & F Mortgage Corporation | $175,000 | n/a | 0.1% | |
SUN WEST MORTGAGE COMPANY, INC. | $175,000 | $175,000 | 0.0% | 0.1% |
LIBERTY HOME MORTGAGE CORPORATION | $320,000 | $170,000 | -46.9% | 0.1% |
BAYER HERITAGE | $205,000 | $165,000 | -19.5% | 0.1% |
Calhoun County Bank, Inc. | $165,000 | n/a | 0.1% | |
GUARANTY HOME MORTGAGE CORPORATION | $165,000 | n/a | 0.1% | |
Service Federal Credit Union | $165,000 | n/a | 0.1% | |
M&T Bank | $160,000 | n/a | 0.1% | |
First-Citizens Bank & Trust Company | $155,000 | n/a | 0.1% | |
PHH Mortgage Corporation | $225,000 | $155,000 | -31.1% | 0.1% |
SIWELL, INC. | $155,000 | n/a | 0.1% | |
Discover Bank | $45,000 | $140,000 | 211.1% | 0.1% |
1ST SIGNATURE LENDING, LLC | $135,000 | n/a | 0.1% | |
Blue Ridge Bank | $165,000 | $135,000 | -18.2% | 0.1% |
AMERICAN ADVISORS GROUP | $105,000 | $130,000 | 23.8% | 0.1% |
CREDIT UNION MORTGAGE ASSOCIATION, INC. | $115,000 | n/a | 0.1% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $165,000 | $105,000 | -36.4% | 0.1% |
First Guaranty Mortgage Corporation | $95,000 | $105,000 | 10.5% | 0.1% |
FNB Bank, Inc. | $105,000 | n/a | 0.1% | |
VILLAGE CAPITAL MORTGAGE | $1,160,000 | $105,000 | -90.9% | 0.1% |
NBKC BANK | $490,000 | $95,000 | -80.6% | 0.1% |
21ST MORTGAGE CORPORATION | $230,000 | $45,000 | -80.4% | 0.0% |
CREDIT HUMAN FEDERAL CREDIT UNION | $35,000 | n/a | 0.0% | |
Peoples Bank | $435,000 | $35,000 | -92.0% | 0.0% |
STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED | $15,000 | n/a | 0.0% |
Fairmont's top lender by overall market share is The Huntington National Bank, with 10.1% market share. In second place, with 8.5%, is First Exchange Bank, having originated $14,600,000 in loans. In third place, with 8.1%, is FAIRMONT, having originated $13,850,000 in loans. In fourth place, with 8.0%, is LOANDEPOT.COM, LLC, having originated $13,710,000 in loans. In fifth place, with 6.5%, is QUICKEN LOANS, LLC, having originated $11,110,000 in loans.
Fairmont Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Fairmont (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $132,700 (2.1%) | $151,970 (2.4%) | 0.00 | 216 |
2018-02-01 | $137,575 (7.7%) | $158,629 (8.5%) | 0.00 | 174 |
2018-03-01 | $146,350 (9.3%) | $161,217 (8.8%) | 0.00 | 156 |
2018-04-01 | $149,950 (10.8%) | $161,950 (9.3%) | 0.00 | 149 |
2018-05-01 | $158,000 (12.9%) | $166,595 (7.4%) | 0.00 | 159 |
2018-06-01 | $152,475 (4.3%) | $166,298 (4.0%) | 0.00 | 190 |
2018-07-01 | $152,400 (4.6%) | $168,380 (4.2%) | 0.00 | 188 |
2018-08-01 | $141,625 (0.9%) | $159,889 (0.9%) | 0.00 | 189 |
2018-09-01 | $133,000 (-4.9%) | $152,439 (-3.2%) | 0.00 | 200 |
2018-10-01 | $127,250 (-8.2%) | $146,198 (-5.5%) | 0.00 | 198 |
2018-11-01 | $129,200 (-7.7%) | $144,738 (-8.2%) | 0.00 | 195 |
2018-12-01 | $129,500 (-5.8%) | $146,926 (-6.4%) | 0.00 | 192 |
2019-01-01 | $142,900 (7.7%) | $155,247 (2.2%) | 0.00 | 167 |
2019-02-01 | $146,150 (6.2%) | $161,775 (2.0%) | 0.00 | 159 |
2019-03-01 | $139,900 (-4.4%) | $161,676 (0.3%) | 0.00 | 154 |
2019-04-01 | $144,450 (-3.7%) | $167,519 (3.4%) | 0.00 | 149 |
2019-05-01 | $151,950 (-3.8%) | $174,118 (4.5%) | 0.00 | 141 |
2019-06-01 | $149,000 (-2.3%) | $166,961 (0.4%) | 0.00 | 149 |
2019-07-01 | $148,000 (-2.9%) | $166,439 (-1.2%) | 0.00 | 165 |
2019-08-01 | $145,064 (2.4%) | $166,986 (4.4%) | 0.00 | 162 |
2019-09-01 | $142,159 (6.9%) | $166,958 (9.5%) | 0.00 | 159 |
2019-10-01 | $139,900 (9.9%) | $166,939 (14.2%) | 0.00 | 158 |
2019-11-01 | $132,500 (2.6%) | $156,626 (8.2%) | 0.00 | 161 |
2019-12-01 | $137,500 (6.2%) | $159,860 (8.8%) | 0.00 | 157 |
2020-01-01 | $127,250 (-11.0%) | $155,856 (0.4%) | 0.00 | 136 |
2020-02-01 | $126,000 (-13.8%) | $163,033 (0.8%) | 0.00 | 134 |
2020-03-01 | $129,925 (-7.1%) | $163,618 (1.2%) | 0.00 | 122 |
2020-04-01 | $129,250 (-10.5%) | $168,801 (0.8%) | 0.00 | 123 |
2020-05-01 | $141,700 (-6.8%) | $179,663 (3.2%) | 0.00 | 119 |
2020-06-01 | $137,225 (-7.9%) | $173,455 (3.9%) | 0.00 | 127 |
2020-07-01 | $147,200 (-0.5%) | $174,807 (5.0%) | 0.00 | 128 |
2020-08-01 | $145,000 (0.0%) | $179,803 (7.7%) | 0.00 | 113 |
2020-09-01 | $139,225 (-2.1%) | $169,682 (1.6%) | 0.00 | 118 |
2020-10-01 | $139,900 (0.0%) | $168,757 (1.1%) | 0.00 | 127 |
2020-11-01 | $140,950 (6.4%) | $166,829 (6.5%) | 0.00 | 123 |
2020-12-01 | $139,900 (1.8%) | $164,367 (2.8%) | 0.00 | 112 |
2021-01-01 | $139,900 (9.9%) | $165,041 (5.9%) | 0.00 | 104 |
2021-02-01 | $126,900 (0.7%) | $154,088 (-5.5%) | 0.00 | 85 |
2021-03-01 | $138,400 (6.5%) | $155,784 (-4.8%) | 0.00 | 78 |
2021-04-01 | $150,000 (16.1%) | $168,459 (-0.2%) | 0.00 | 70 |
2021-05-01 | $154,000 (8.7%) | $166,991 (-7.1%) | 0.00 | 84 |
2021-06-01 | $155,175 (13.1%) | $176,312 (1.7%) | 0.00 | 90 |
2021-07-01 | $172,450 (17.2%) | $170,722 (-2.3%) | 0.00 | 86 |
2021-08-01 | $169,900 (17.2%) | $175,304 (-2.5%) | 0.00 | 97 |
2021-09-01 | $169,725 (21.9%) | $177,807 (4.8%) | 0.00 | 101 |
2021-10-01 | $174,900 (25.0%) | $181,151 (7.3%) | 0.00 | 96 |
2021-11-01 | $153,375 (8.8%) | $165,503 (-0.8%) | 0.00 | 100 |
2021-12-01 | $148,075 (5.8%) | $165,394 (0.6%) | 0.00 | 93 |
2022-01-01 | $154,900 (10.7%) | $168,770 (2.3%) | 0.00 | 70 |
2022-02-01 | $156,875 (23.6%) | $183,913 (19.4%) | 0.00 | 64 |
2022-03-01 | $163,250 (18.0%) | $191,405 (22.9%) | 0.00 | 68 |
2022-04-01 | $147,000 (-2.0%) | $194,087 (15.2%) | 0.00 | 68 |
2022-05-01 | $149,925 (-2.7%) | $191,557 (14.7%) | 0.00 | 74 |
2022-06-01 | $157,475 (1.5%) | $198,866 (12.8%) | 0.00 | 86 |
2022-07-01 | $159,900 (-7.3%) | $200,802 (17.6%) | 0.00 | 104 |
2022-08-01 | $168,000 (-1.1%) | $196,727 (12.2%) | 0.00 | 110 |
2022-09-01 | $165,200 (-2.7%) | $187,472 (5.4%) | 0.00 | 117 |
2022-10-01 | $154,900 (-11.4%) | $182,263 (0.6%) | 0.00 | 119 |
2022-11-01 | $168,325 (9.8%) | $188,081 (13.6%) | 0.00 | 119 |
2022-12-01 | $159,800 (7.9%) | $187,693 (13.5%) | 0.00 | 111 |
2023-01-01 | $145,650 (-6.0%) | $194,716 (15.4%) | 0.00 | 101 |
2023-02-01 | $141,150 (-10.0%) | $189,154 (2.9%) | 0.00 | 88 |
2023-03-01 | $165,875 (1.6%) | $206,970 (8.1%) | 0.00 | 71 |
2023-04-01 | $169,000 (15.0%) | $212,068 (9.3%) | 0.00 | 78 |
2023-05-01 | $204,950 (36.7%) | $219,464 (14.6%) | 0.00 | 87 |
2023-06-01 | $224,125 (42.3%) | $225,737 (13.5%) | 0.00 | 98 |
2023-07-01 | $212,500 (32.9%) | $218,783 (9.0%) | 0.00 | 99 |
2023-08-01 | $218,450 (30.0%) | $218,251 (10.9%) | 0.00 | 109 |
2023-09-01 | $209,900 (27.1%) | $224,548 (19.8%) | 0.00 | 103 |
2023-10-01 | $201,175 (29.9%) | $230,207 (26.3%) | 0.00 | 108 |
2023-11-01 | $199,269 (18.4%) | $230,526 (22.6%) | 0.00 | 120 |
Fairmont's median listing price comes in at 0% of the national average.
Fairmont's average listing price for 2023-11-01 was $230,526, a difference of $42,445 (22.6%) versus the prior year and $319 versus the prior month.
For the 2023-11-01 period, Fairmont had 120 MLS listings, a difference of 12 listings (11%) versus the prior month and 1 listings (1%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Fairmont (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,611 sqft |
2018-02-01 | 0 days | 1,630 sqft |
2018-03-01 | 0 days | 1,615 sqft |
2018-04-01 | 0 days | 1,595 sqft |
2018-05-01 | 0 days | 1,632 sqft |
2018-06-01 | 0 days | 1,625 sqft |
2018-07-01 | 0 days | 1,626 sqft |
2018-08-01 | 0 days | 1,620 sqft |
2018-09-01 | 0 days | 1,604 sqft |
2018-10-01 | 0 days | 1,619 sqft |
2018-11-01 | 0 days | 1,620 sqft |
2018-12-01 | 0 days | 1,620 sqft |
2019-01-01 | 0 days | 1,637 sqft |
2019-02-01 | 0 days | 1,645 sqft |
2019-03-01 | 0 days | 1,645 sqft |
2019-04-01 | 0 days | 1,664 sqft |
2019-05-01 | 0 days | 1,705 sqft |
2019-06-01 | 0 days | 1,700 sqft |
2019-07-01 | 0 days | 1,680 sqft |
2019-08-01 | 0 days | 1,634 sqft |
2019-09-01 | 0 days | 1,626 sqft |
2019-10-01 | 0 days | 1,619 sqft |
2019-11-01 | 0 days | 1,564 sqft |
2019-12-01 | 0 days | 1,532 sqft |
2020-01-01 | 0 days | 1,503 sqft |
2020-02-01 | 0 days | 1,526 sqft |
2020-03-01 | 0 days | 1,531 sqft |
2020-04-01 | 0 days | 1,544 sqft |
2020-05-01 | 0 days | 1,676 sqft |
2020-06-01 | 0 days | 1,610 sqft |
2020-07-01 | 0 days | 1,646 sqft |
2020-08-01 | 0 days | 1,666 sqft |
2020-09-01 | 0 days | 1,709 sqft |
2020-10-01 | 0 days | 1,703 sqft |
2020-11-01 | 0 days | 1,642 sqft |
2020-12-01 | 0 days | 1,683 sqft |
2021-01-01 | 0 days | 1,680 sqft |
2021-02-01 | 0 days | 1,639 sqft |
2021-03-01 | 0 days | 1,667 sqft |
2021-04-01 | 0 days | 1,685 sqft |
2021-05-01 | 0 days | 1,668 sqft |
2021-06-01 | 0 days | 1,564 sqft |
2021-07-01 | 0 days | 1,567 sqft |
2021-08-01 | 0 days | 1,568 sqft |
2021-09-01 | 0 days | 1,608 sqft |
2021-10-01 | 0 days | 1,732 sqft |
2021-11-01 | 0 days | 1,672 sqft |
2021-12-01 | 0 days | 1,666 sqft |
2022-01-01 | 0 days | 1,704 sqft |
2022-02-01 | 0 days | 1,669 sqft |
2022-03-01 | 0 days | 1,695 sqft |
2022-04-01 | 0 days | 1,683 sqft |
2022-05-01 | 0 days | 1,679 sqft |
2022-06-01 | 0 days | 1,660 sqft |
2022-07-01 | 0 days | 1,676 sqft |
2022-08-01 | 0 days | 1,669 sqft |
2022-09-01 | 0 days | 1,636 sqft |
2022-10-01 | 0 days | 1,672 sqft |
2022-11-01 | 0 days | 1,694 sqft |
2022-12-01 | 0 days | 1,567 sqft |
2023-01-01 | 0 days | 1,609 sqft |
2023-02-01 | 0 days | 1,568 sqft |
2023-03-01 | 0 days | 1,654 sqft |
2023-04-01 | 0 days | 1,642 sqft |
2023-05-01 | 0 days | 1,676 sqft |
2023-06-01 | 0 days | 1,682 sqft |
2023-07-01 | 0 days | 1,676 sqft |
2023-08-01 | 0 days | 1,749 sqft |
2023-09-01 | 0 days | 1,714 sqft |
2023-10-01 | 0 days | 1,676 sqft |
2023-11-01 | 0 days | 1,690 sqft |
Fairmont's median square footage for active listings during the 2023-11-01 period was 1,690 sqft. One year prior, the average listing was 1,694 sqft.
Fairmont, WV Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 648 | $112,480,000 | $173,580 |
Cash Out Refi | 159 | $22,235,000 | $139,843 |
Refi | 135 | $22,755,000 | $168,556 |
Home Improvement | 103 | $10,135,000 | $98,398 |
Other | 51 | $3,815,000 | $74,804 |
Fairmont's most frequently cited loan purpose was Home Purchase, with 648 originations. The 2nd most popular reason was Cash Out Refi, with 159 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 253 | $40,755,000 | $161,087 |
5-6% | 240 | $37,740,000 | $157,250 |
4-5% | 232 | $37,440,000 | $161,379 |
6-7% | 82 | $12,950,000 | $157,927 |
2.5-3% | 79 | $12,295,000 | $155,633 |
<2.5% | 58 | $6,400,000 | $110,345 |
7-8% | 36 | $4,400,000 | $122,222 |
Over 8% | 12 | $690,000 | $57,500 |
During 2022, Fairmont's most frequently originated rate bucket was 3-4%, with 253 originations.
Loan Sizing (Fairmont, WV MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 480 | $71,030,000 | $147,979 |
$100,000 or less | 344 | $22,290,000 | $64,797 |
$200k-400k | 249 | $64,945,000 | $260,823 |
$400k-600k | 18 | $8,100,000 | $450,000 |
$600k-1000k | 3 | $2,095,000 | $698,333 |
$Over $1MM | 2 | $2,960,000 | $1,480,000 |
Fairmont's loan sizing saw the bucket of loans from $100k-200k with 480 originations, totaling $71,030,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 497 | $90,035,000 | $181,157 |
60-80% | 230 | $36,400,000 | $158,261 |
40-60% | 112 | $13,270,000 | $118,482 |
20-40% | 87 | $6,835,000 | $78,563 |
Under 20% | 46 | $2,090,000 | $45,435 |
Over 100% | 13 | $2,705,000 | $208,077 |
Fairmont's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 497 originations, totaling $90,035,000 in origination value.