Fairmont Mortgage Rates & Closing Costs

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

    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%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Fairmont, WV.

    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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    FAIRMONT 69 3.96% $2,640
    LOANDEPOT.COM, LLC 42 5.13% $4,777
    The Huntington National Bank 42 4.89% $4,029
    QUICKEN LOANS, LLC 30 5.28% $6,482
    City National Bank of West Virginia 27 4.32% $1,927
    First Federal Bank of the Midwest 25 4.40% $3,939
    WesBanco 17 5.01% $3,721
    INTERCOASTAL MORTGAGE COMPANY 16 4.76% $3,284
    First Federal Savings and Loan Association of Greene Co 15 3.96% $2,633
    Sierra Pacific Mortgage Company, Inc. 12 5.70% $7,326
    Truist 11 5.19% $4,234
    PNC Bank 10 4.55% $3,786
    Clear Mountain Bank 7 5.39% $3,343
    AMERISAVE MORTGAGE CORPORATION 6 4.25% $5,568
    UNITED WHOLESALE MORTGAGE, LLC 5 5.75% $4,902
    Wells Fargo Bank 4 4.53% $1,362
    MOVEMENT MORTGAGE, LLC 3 4.44% $3,674
    HOME POINT FINANCIAL CORPORATION 3 5.08% $4,948
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 5.83% $4,191
    JPMorgan Chase Bank 3 4.83% $4,673
    JUSTICE Federal Credit Union 3 4.71% $4,507
    LIBERTY HOME MORTGAGE CORPORATION 2 5.00% $2,685
    NAVY FEDERAL CREDIT UNION 2 5.06% $2,110
    U.S. Bank 2 6.06% $3,890
    BETTER MORTGAGE CORPORATION 2 3.13% $2,703
    Fifth Third Bank 2 4.69% $3,707
    The United Federal Credit Union 2 5.13% $2,125
    SOFI LENDING CORP. 1 4.25% $3,671
    Summit Community Bank, Inc. 1 3.00% $3,320
    The State Bank and Trust Company 1 3.50% $6,869
    United Bank 1 3.88% $3,728
    Victorian Finance, LLC 1 3.75% $3,876
    Mr. Cooper ( Nationstar Mortgage ) 1 5.50% $9,024
    Alcova Mortgage LLC 1 4.00% $1,529
    Ally Bank 1 7.00% $4,856
    AMERICAN FINANCING CORPORATION 1 3.50% $4,383
    CHESSIE 1 4.50% $3,571
    CHURCHILL MORTGAGE CORPORATION 1 5.88% $4,064
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 2.88% $3,278
    Discover Bank 1 6.99% $0
    EMBRACE HOME LOANS, INC. 1 4.49% $3,380
    EQUITY RESOURCES, INC. 1 5.88% $3,473
    EVERETT FINANCIAL, INC. 1 5.88% $2,169
    First Community Bank 1 3.63% $3,224
    FIRST HOME MORTGAGE CORPORATION 1 4.00% $6,154
    Flagstar Bank, FSB 1 5.38% $5,640
    FREEDOM MORTGAGE CORPORATION 1 3.75% $2,182
    GUARANTEED RATE AFFINITY, LLC 1 5.13% $4,248
    GUARANTEED RATE, INC. 1 5.00% $3,786
    HOMESPIRE MORTGAGE CORPORATION 1 6.13% $4,632
    Huntingdon Valley Bank 1 5.13% $3,387
    LAKEVIEW LOAN SERVICING, LLC 1 5.88% $4,601
    MEMBER FIRST MORTGAGE, LLC 1 7.13% $6,842
    1ST SIGNATURE LENDING, LLC 1 3.75% $5,303
    NBKC BANK 1 7.13% $3,704
    North American Savings Bank, F.S.B. 1 5.50% $3,757
    PENNYMAC LOAN SERVICES, LLC 1 3.37% $3,692
    PENTAGON FEDERAL CREDIT UNION 1 5.13% $3,362
    PHH Mortgage Corporation 1 3.25% $5,708

    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. Louis
    Date 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 for 2023-11-01 was $199,269, a difference of $30,944 (18.4%) versus the prior year and $-1,906 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2023-11-01 was 0 days.

    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.