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 6.82% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 6.75% and one month ago for the week of 2023-02-09, the average rate was 6.54%.

    Fairmont's average rate one year ago was 4.07%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.75%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Fairmont 30 Year Fixed Rate 2023-03-16 6.82%
    Fairmont 30 Year Fixed Rate Refi 2023-03-16 6.75%
    Fairmont 15 Year Fixed Rate 2023-03-16 6.56%
    Fairmont 15 Year Fixed Rate Refi 2023-03-16 6.09%
    Fairmont 30 Year FHA 2023-03-16 6.74%
    Fairmont 30 Year FHA Refi 2023-03-16 6.19%
    Fairmont 30 Year USDA 2023-03-16 6.74%
    Fairmont 30 Year USDA Refi 2023-03-16 5.59%
    Fairmont 30 Year VA 2023-03-16 6.2%
    Fairmont 30 Year VA Refi 2023-03-16 6.28%
    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    INTERCOASTAL MORTGAGE COMPANY 80 3.03% $3,140
    FAIRMONT 78 2.60% $2,545
    QUICKEN LOANS, LLC 61 3.16% $4,810
    The Huntington National Bank 44 3.19% $4,151
    First Federal Bank of the Midwest 43 3.05% $3,671
    LOANDEPOT.COM, LLC 30 3.24% $3,786
    Truist 29 3.01% $3,390
    Clear Mountain Bank 28 2.89% $3,437
    WesBanco Bank, Inc. 27 3.03% $3,547
    City National Bank of West Virginia 21 3.27% $1,892
    Sierra Pacific Mortgage Company, Inc. 14 3.34% $4,604
    PRIMELENDING, A PLAINSCAPITAL COMPANY 14 3.56% $3,963
    U.S. Bank 11 3.10% $3,325
    AMERISAVE MORTGAGE CORPORATION 10 2.95% $6,062
    First Federal Savings and Loan Association of Greene Co 9 3.09% $2,279
    HOME POINT FINANCIAL CORPORATION 9 2.97% $5,451
    JPMorgan Chase Bank 8 3.22% $3,008
    PNC Bank 7 2.91% $3,474
    MOVEMENT MORTGAGE, LLC 5 3.31% $3,101
    Wells Fargo Bank 5 3.03% $3,645
    Summit Community Bank, Inc. 4 2.91% $4,794
    United Bank 3 3.33% $3,829
    Flagstar Bank, FSB 3 3.33% $2,934
    FREEDOM MORTGAGE CORPORATION 3 3.04% $1,645
    UNITED WHOLESALE MORTGAGE, LLC 3 2.83% $4,913
    Renasant Bank 3 2.79% $2,936
    JUSTICE Federal Credit Union 3 3.67% $5,584
    UNION HOME MORTGAGE CORP. 3 3.13% $4,582
    BROKER SOLUTIONS, INC. 3 3.12% $4,099
    BETTER MORTGAGE CORPORATION 3 3.08% $2,541
    North American Savings Bank, F.S.B. 2 3.75% $1,296
    Fifth Third Bank 2 2.93% $3,281
    NAVY FEDERAL CREDIT UNION 2 4.00% $4,080
    PENNYMAC LOAN SERVICES, LLC 2 2.88% $6,168
    AMERICAN INTERNET MORTGAGE, INC. 1 2.88% $6,944
    NEWREZ LLC 1 2.99% $3,859
    NFM, INC. 1 2.63% $3,564
    AMERICAN FINANCING CORPORATION 1 3.13% $3,763
    Northwest Federal Credit Union 1 3.00% $3,351
    Wyndham Capital Mortgage, Inc. 1 4.13% $3,522
    PENTAGON FEDERAL CREDIT UNION 1 2.63% $6,819
    Peoples Bank 1 3.38% $3,401
    PHH Mortgage Corporation 1 2.75% $5,567
    First Guaranty Mortgage Corporation 1 2.75% $3,036
    FirstBank 1 2.75% $2,134
    FINANCE OF AMERICA MORTGAGE LLC 1 3.25% $2,164
    Farm Credit of the Virginias, ACA 1 3.75% $1,612
    CROSSCOUNTRY MORTGAGE, LLC 1 3.50% $4,861
    Strong Home Mortgage, LLC 1 3.13% $2,736
    CRESCENT MORTGAGE COMPANY 1 2.88% $2,682
    The Federal Savings Bank 1 2.75% $21,618
    CHURCHILL MORTGAGE CORPORATION 1 3.38% $3,634
    TOWER 1 2.88% $6,514
    Chicago Mortgage Solutions LLC 1 3.00% $1,781
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.25% $3,895
    BAYER HERITAGE 1 3.38% $6,449
    Bank of England 1 3.00% $4,025
    Bank of America 1 3.13% $3,858
    Ameris Bank 1 3.13% $3,456
    Mortgage Research Center, LLC 1 2.75% $982
    First Home Bank 1 3.50% $4,340

    Fairmont Average Closing Costs & Other Stats

    Fairmont, WV's 61 lenders originated 1,627 loans during 2021. The total origination value was $264,365,000, with an average loan value of $162,486.

    Fairmont's average closing costs are $4,274.

    The top Fairmont lender as defined by loan originations is INTERCOASTAL MORTGAGE COMPANY, with 80 loans originated. Their average total fees are $3,140, which is $595 higher than the next largest lender, FAIRMONT.

    The lowest fee Fairmont lenders (with over 10 loans originated) are City National Bank of West Virginia ($1,892), FAIRMONT ($2,545), INTERCOASTAL MORTGAGE COMPANY ($3,140), U.S. Bank ($3,325) and Truist ($3,390).

    The lowest rate Fairmont lenders (with over 10 loans originated) are FAIRMONT (2.60%), Clear Mountain Bank (2.89%), AMERISAVE MORTGAGE CORPORATION (2.95%), Truist (3.01%) and INTERCOASTAL MORTGAGE COMPANY (3.03%).

    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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    QUICKEN LOANS, LLC $16,800,000 $26,795,000 59.5% 10.1%
    INTERCOASTAL MORTGAGE COMPANY $11,575,000 $24,325,000 110.2% 9.2%
    The Huntington National Bank $19,475,000 $21,820,000 12.0% 8.3%
    FAIRMONT $23,265,000 $21,255,000 -8.6% 8.0%
    First Federal Bank of the Midwest $16,870,000 $17,410,000 3.2% 6.6%
    First Exchange Bank $13,525,000 $12,570,000 -7.1% 4.8%
    LOANDEPOT.COM, LLC $2,620,000 $11,665,000 345.2% 4.4%
    Truist Bank $7,415,000 $9,935,000 34.0% 3.8%
    Clear Mountain Bank $14,755,000 $8,980,000 -39.1% 3.4%
    WesBanco Bank, Inc. $13,965,000 $8,585,000 -38.5% 3.2%
    Sierra Pacific Mortgage Company, Inc. $5,395,000 $7,385,000 36.9% 2.8%
    First Federal Savings and Loan Association of Greene Co $5,495,000 $6,020,000 9.6% 2.3%
    FREEDOM MORTGAGE CORPORATION $3,515,000 $5,800,000 65.0% 2.2%
    Mortgage Research Center, LLC $3,510,000 $5,555,000 58.3% 2.1%
    HOME POINT FINANCIAL CORPORATION $5,175,000 $5,045,000 -2.5% 1.9%
    City National Bank of West Virginia $6,880,000 $4,685,000 -31.9% 1.8%
    Summit Community Bank, Inc. $585,000 $3,735,000 538.5% 1.4%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $2,045,000 $3,330,000 62.8% 1.3%
    AMERISAVE MORTGAGE CORPORATION $1,265,000 $3,285,000 159.7% 1.2%
    MOVEMENT MORTGAGE, LLC $4,670,000 $2,745,000 -41.2% 1.0%
    PNC Bank $1,285,000 $2,580,000 100.8% 1.0%
    Flagstar Bank, FSB $845,000 $2,455,000 190.5% 0.9%
    U.S. Bank $610,000 $2,305,000 277.9% 0.9%
    The Grant County Bank $2,300,000 n/a 0.9%
    JPMorgan Chase Bank $1,450,000 $2,185,000 50.7% 0.8%
    USAA Federal Savings Bank $1,735,000 $2,100,000 21.0% 0.8%
    UNION HOME MORTGAGE CORP. $1,610,000 $1,950,000 21.1% 0.7%
    NAVY FEDERAL CREDIT UNION $1,330,000 $1,820,000 36.8% 0.7%
    JUSTICE Federal Credit Union $320,000 $1,730,000 440.6% 0.7%
    Wells Fargo Bank $790,000 $1,680,000 112.7% 0.6%
    The Federal Savings Bank $1,460,000 $1,605,000 9.9% 0.6%
    CALIBER HOME LOANS, INC. $145,000 $1,480,000 920.7% 0.6%
    BETTER MORTGAGE CORPORATION $175,000 $1,425,000 714.3% 0.5%
    UNITED WHOLESALE MORTGAGE, LLC $1,085,000 $1,365,000 25.8% 0.5%
    PENNYMAC LOAN SERVICES, LLC $730,000 $1,290,000 76.7% 0.5%
    VILLAGE CAPITAL & INVESTMENT LLC $225,000 $1,160,000 415.6% 0.4%
    Renasant Bank $285,000 $1,130,000 296.5% 0.4%
    First United Corporation $3,755,000 $1,040,000 -72.3% 0.4%
    BROKER SOLUTIONS, INC. $1,035,000 $995,000 -3.9% 0.4%
    Low VA Rates, LLC $400,000 $920,000 130.0% 0.3%
    Premier Bank, Inc. $1,280,000 $880,000 -31.3% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $480,000 $580,000 20.8% 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $575,000 n/a 0.2%
    PLANET HOME LENDING, LLC $530,000 $575,000 8.5% 0.2%
    United Bank $945,000 $545,000 -42.3% 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $620,000 $535,000 -13.7% 0.2%
    Fifth Third Bank $255,000 $525,000 105.9% 0.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $835,000 $520,000 -37.7% 0.2%
    NBKC BANK $390,000 $490,000 25.6% 0.2%
    Farm Credit of the Virginias, ACA $195,000 $460,000 135.9% 0.2%
    Peoples Bank $435,000 n/a 0.2%
    CHESSIE $65,000 $430,000 561.5% 0.2%
    Barrington Bank & Trust Company, N.A. $310,000 $420,000 35.5% 0.2%
    North American Savings Bank, F.S.B. $275,000 $420,000 52.7% 0.2%
    Wyndham Capital Mortgage, Inc. $400,000 n/a 0.2%
    Carrington Mortgage Services, LLC $525,000 $375,000 -28.6% 0.1%
    FINANCE OF AMERICA MORTGAGE LLC $375,000 n/a 0.1%
    Northwest Federal Credit Union $375,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $365,000 n/a 0.1%
    Gateway First Bank $415,000 $360,000 -13.3% 0.1%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $115,000 $355,000 208.7% 0.1%
    Strong Home Mortgage, LLC $350,000 n/a 0.1%
    Chicago Mortgage Solutions LLC $340,000 n/a 0.1%
    First Community Bank $460,000 $340,000 -26.1% 0.1%
    SOUTHWEST STAGE FUNDING, LLC $340,000 n/a 0.1%
    LIBERTY HOME MORTGAGE CORPORATION $320,000 n/a 0.1%
    Bank of America $280,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $95,000 $270,000 184.2% 0.1%
    Clay County Bank, Inc. $270,000 n/a 0.1%
    George Mason Mortgage, LLC $195,000 $265,000 35.9% 0.1%
    First Home Bank $260,000 n/a 0.1%
    FirstBank $255,000 n/a 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $665,000 $255,000 -61.7% 0.1%
    NFM, INC. $255,000 n/a 0.1%
    First Federal Bank $245,000 n/a 0.1%
    AMERICAN INTERNET MORTGAGE, INC. $225,000 $235,000 4.4% 0.1%
    Colonial Savings, F.A. $235,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $195,000 $230,000 17.9% 0.1%
    HOMESPIRE MORTGAGE CORPORATION $230,000 n/a 0.1%
    Mr. Cooper ( Nationstar Mortgage ) $1,220,000 $230,000 -81.1% 0.1%
    PHH Mortgage Corporation $225,000 n/a 0.1%
    GUARANTEED RATE AFFINITY, LLC $215,000 n/a 0.1%
    NEWREZ LLC $180,000 $215,000 19.4% 0.1%
    Ameris Bank $205,000 n/a 0.1%
    BAYER HERITAGE $175,000 $205,000 17.1% 0.1%
    CRESCENT MORTGAGE COMPANY $205,000 n/a 0.1%
    The United Federal Credit Union $765,000 $200,000 -73.9% 0.1%
    AMERICAN FINANCING CORPORATION $165,000 $195,000 18.2% 0.1%
    Integrity Home Mortgage Corp $175,000 n/a 0.1%
    Magnolia Bank $280,000 $175,000 -37.5% 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $175,000 n/a 0.1%
    Bank of England $855,000 $165,000 -80.7% 0.1%
    Blue Ridge Bank $165,000 n/a 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $235,000 $165,000 -29.8% 0.1%
    TOWER $165,000 n/a 0.1%
    Nations Lending Corporation $125,000 $155,000 24.0% 0.1%
    Citizens Bank $145,000 n/a 0.1%
    Colten Mortgage, LLC $145,000 n/a 0.1%
    LENDERFI, INC. $145,000 n/a 0.1%
    Capon Valley Bank $135,000 n/a 0.1%
    GUARANTEED RATE, INC. $225,000 $125,000 -44.4% 0.0%
    Meridian Bank Corporation $295,000 $125,000 -57.6% 0.0%
    WRIGHT-PATT CREDIT UNION, INC. $125,000 n/a 0.0%
    Ally Bank $405,000 $115,000 -71.6% 0.0%
    Ixonia Bank $115,000 n/a 0.0%
    POLARIS HOME FUNDING CORP. $115,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $165,000 $105,000 -36.4% 0.0%
    First Guaranty Mortgage Corporation $95,000 n/a 0.0%
    Clearview Federal Credit Union $55,000 n/a 0.0%
    Baxter Credit Union $45,000 n/a 0.0%
    Discover Bank $300,000 $45,000 -85.0% 0.0%
    Alcova Mortgage LLC $35,000 n/a 0.0%
    Centier Bank $25,000 n/a 0.0%
    Home Loan Investment Bank, F.S.B. $25,000 $25,000 0.0% 0.0%

    Fairmont's top lender by overall market share is QUICKEN LOANS, LLC, with 10.1% market share. In second place, with 9.2%, is INTERCOASTAL MORTGAGE COMPANY, having originated $24,325,000 in loans. In third place, with 8.3%, is The Huntington National Bank, having originated $21,820,000 in loans. In fourth place, with 8.0%, is FAIRMONT, having originated $21,255,000 in loans. In fifth place, with 6.6%, is First Federal Bank of the Midwest, having originated $17,410,000 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 $143,450 (-4.3%) $167,489 (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 (-9.9%) $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%) $179,882 (6.6%) 0.00 96
    2021-11-01 $152,775 (8.4%) $165,179 (-1.0%) 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 $157,450 (1.5%) $198,104 (12.4%) 0.00 86
    2022-07-01 $159,900 (-7.3%) $199,471 (16.8%) 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 (1.3%) 0.00 119
    2022-11-01 $168,325 (10.2%) $188,081 (13.9%) 0.00 119
    2022-12-01 $159,800 (7.9%) $187,693 (13.5%) 0.00 111
    2023-01-01 $143,175 (-7.6%) $194,716 (15.4%) 0.00 101
    2023-02-01 $141,150 (-10.0%) $189,154 (2.9%) 0.00 88
    Fairmont's median listing price for 2023-02-01 was $141,150, a difference of $-15,725 (-10.0%) versus the prior year and $-2,025 versus the prior month.

    Fairmont's median listing price comes in at 0% of the national average.

    Fairmont's average listing price for 2023-02-01 was $189,154, a difference of $5,241 (2.9%) versus the prior year and $-5,562 versus the prior month.

    For the 2023-02-01 period, Fairmont had 88 MLS listings, a difference of -13 listings (-13%) versus the prior month and 24 listings (38%) 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 1,667 sqft
    2019-05-01 0 days 1,705 sqft
    2019-06-01 0 days 1,700 sqft
    2019-07-01 0 days 1,682 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 1,690 sqft
    2021-02-01 0 days 1,639 sqft
    2021-03-01 0 days 1,667 sqft
    2021-04-01 0 days 1,687 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 1,722 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 1,652 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 1,697 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
    Fairmont's median listing age (time on market) for 2023-02-01 was 0 days.

    Fairmont's median square footage for active listings during the 2023-02-01 period was 1,568 sqft. One year prior, the average listing was 1,669 sqft.

    Fairmont, WV Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 746 $126,680,000 $169,812
    Refi 493 $86,945,000 $176,359
    Cash Out Refi 248 $37,550,000 $151,411
    Home Improvement 106 $10,930,000 $103,113
    Other 34 $2,260,000 $66,471

    Fairmont's most frequently cited loan purpose was Home Purchase, with 746 originations. The 2nd most popular reason was Refi, with 493 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    2.5-3% 575 $102,275,000 $177,870
    3-4% 530 $83,910,000 $158,321
    <2.5% 322 $53,370,000 $165,745
    4-5% 60 $5,920,000 $98,667
    5-6% 10 $470,000 $47,000
    Over 8% 9 $355,000 $39,444
    6-7% 7 $615,000 $87,857
    7-8% 4 $200,000 $50,000

    During 2021, Fairmont's most frequently originated rate bucket was 2.5-3%, with 575 originations.

    Loan Sizing (Fairmont, WV MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 791 $114,505,000 $144,760
    $200k-400k 410 $105,720,000 $257,854
    $100,000 or less 398 $26,420,000 $66,382
    $400k-600k 21 $9,825,000 $467,857
    $600k-1000k 4 $3,200,000 $800,000
    $Over $1MM 3 $4,695,000 $1,565,000

    Fairmont's loan sizing saw the bucket of loans from $100k-200k with 791 originations, totaling $114,505,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 736 $134,630,000 $182,921
    60-80% 441 $70,585,000 $160,057
    40-60% 151 $20,125,000 $133,278
    20-40% 81 $6,405,000 $79,074
    Under 20% 30 $830,000 $27,667
    Over 100% 20 $4,320,000 $216,000

    Fairmont's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 736 originations, totaling $134,630,000 in origination value.