Fairmont Mortgage Rates & Closing Costs

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.