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 6.7% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.78% and one month ago for the week of 2024-03-14, the average rate was 6.64%.

    Fairmont's average rate one year ago was 5.77%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Fairmont 30 Year Fixed Rate 2024-04-18 6.7%
    Fairmont 30 Year Fixed Rate Refi 2024-04-18 7%
    Fairmont 15 Year Fixed Rate 2024-04-18 6.39%
    Fairmont 15 Year Fixed Rate Refi 2024-04-18 6.59%
    Fairmont 30 Year FHA 2024-04-18 6.56%
    Fairmont 30 Year FHA Refi 2024-04-18 7.16%
    Fairmont 30 Year USDA 2024-04-18 6.66%
    Fairmont 30 Year USDA Refi 2024-04-18 6.66%
    Fairmont 30 Year VA 2024-04-18 6.74%
    Fairmont 30 Year VA Refi 2024-04-18 6.86%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FAIRMONT 39 5.72% $2,690
    QUICKEN LOANS, LLC 33 6.85% $6,313
    LOANDEPOT.COM, LLC 26 6.11% $4,191
    The Huntington National Bank 21 6.29% $4,151
    INTERCOASTAL MORTGAGE COMPANY 20 6.23% $3,342
    City National Bank of West Virginia 17 6.20% $1,819
    WesBanco 16 6.62% $5,612
    Truist 15 7.01% $4,407
    UNITED WHOLESALE MORTGAGE, LLC 13 6.92% $5,953
    Sierra Pacific Mortgage Company, Inc. 9 7.18% $7,534
    First Federal Bank of the Midwest 9 6.51% $5,068
    Clear Mountain Bank 7 6.59% $3,667
    PNC Bank 6 6.92% $3,933
    JPMorgan Chase Bank 6 6.93% $4,932
    First National Bank of Pennsylvania 6 6.73% $5,222
    GUARANTEED RATE, INC. 4 6.37% $6,216
    First Federal Savings and Loan Association of Greene Co 4 5.98% $2,655
    ROYAL UNITED MORTGAGE LLC 3 7.13% $5,013
    BAYER HERITAGE 3 7.25% $2,851
    FREEDOM MORTGAGE CORPORATION 2 7.19% $6,976
    Gateway First Bank 2 6.13% $2,887
    JUSTICE Federal Credit Union 2 6.38% $2,286
    MOVEMENT MORTGAGE, LLC 2 7.47% $6,792
    SUN WEST MORTGAGE COMPANY, INC. 2 6.75% $9,276
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 7.75% $6,583
    Wells Fargo Bank 2 6.44% $4,606
    NAVY FEDERAL CREDIT UNION 1 6.13% $5,710
    NEWREZ LLC 1 5.63% $3,517
    Northwest Federal Credit Union 1 6.50% $3,730
    PENNYMAC LOAN SERVICES, LLC 1 7.00% $7,146
    Peoples Bank 1 6.50% $2,012
    First Exchange Bank 1 5.75% $4,713
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.99% $6,187
    First Community Bank 1 7.03% $3,183
    DAS Acquisition Company, LLC 1 7.25% $5,416
    CNB Bank Inc. 1 5.83% $3,035
    WRIGHT-PATT CREDIT UNION, INC. 1 6.13% $3,574
    BROKER SOLUTIONS, INC. 1 6.99% $5,493
    Bank of America 1 7.38% $4,264
    AMERISAVE MORTGAGE CORPORATION 1 5.88% $6,287
    ACADEMY MORTGAGE CORPORATION 1 6.75% $6,546
    U.S. Bank 1 7.63% $2,469
    Flagstar Bank, FSB 1 7.25% $5,340
    Mortgage Research Center, LLC 1 5.99% $8,010
    AMERICAN FINANCING CORPORATION 1 7.38% $5,357

    Fairmont Average Closing Costs & Other Stats

    Fairmont, WV's 45 lenders originated 840 loans during 2023. The total origination value was $130,380,000, with an average loan value of $155,214.

    Fairmont's average closing costs are $4,592.

    The top Fairmont lender as defined by loan originations is FAIRMONT, with 39 loans originated. Their average total fees are $2,690, which is $3,623 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Fairmont lenders (with over 10 loans originated) are City National Bank of West Virginia ($1,819), FAIRMONT ($2,690), INTERCOASTAL MORTGAGE COMPANY ($3,342), The Huntington National Bank ($4,151) and LOANDEPOT.COM, LLC ($4,191).

    The lowest rate Fairmont lenders (with over 10 loans originated) are FAIRMONT (5.72%), LOANDEPOT.COM, LLC (6.11%), City National Bank of West Virginia (6.20%), INTERCOASTAL MORTGAGE COMPANY (6.23%) and The Huntington National Bank (6.29%).

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    First Exchange Bank $14,600,000 $13,020,000 -10.8% 10.0%
    The Huntington National Bank $17,230,000 $10,875,000 -36.9% 8.3%
    LOANDEPOT.COM, LLC $13,710,000 $10,785,000 -21.3% 8.3%
    QUICKEN LOANS, LLC $11,110,000 $10,155,000 -8.6% 7.8%
    FAIRMONT $13,850,000 $8,090,000 -41.6% 6.2%
    WesBanco $8,420,000 $8,020,000 -4.8% 6.2%
    Mortgage Research Center, LLC $6,135,000 $6,470,000 5.5% 5.0%
    UNITED WHOLESALE MORTGAGE, LLC $1,980,000 $5,920,000 199.0% 4.5%
    INTERCOASTAL MORTGAGE COMPANY $2,955,000 $5,415,000 83.2% 4.2%
    First Federal Bank of the Midwest $9,980,000 $5,360,000 -46.3% 4.1%
    City National Bank of West Virginia $7,790,000 $5,020,000 -35.6% 3.9%
    Truist $5,620,000 $4,280,000 -23.8% 3.3%
    First Federal Savings and Loan Association of Greene Co $6,095,000 $2,565,000 -57.9% 2.0%
    Sierra Pacific Mortgage Company, Inc. $4,610,000 $2,315,000 -49.8% 1.8%
    First National Bank of Pennsylvania $2,045,000 n/a 1.6%
    Clear Mountain Bank $2,625,000 $1,980,000 -24.6% 1.5%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $1,540,000 $1,400,000 -9.1% 1.1%
    Flagstar Bank, FSB $1,985,000 $1,265,000 -36.3% 1.0%
    GUARANTEED RATE, INC. $350,000 $1,260,000 260.0% 1.0%
    JPMorgan Chase Bank $615,000 $1,230,000 100.0% 0.9%
    PNC Bank $4,015,000 $1,220,000 -69.6% 0.9%
    NAVY FEDERAL CREDIT UNION $885,000 $1,045,000 18.1% 0.8%
    SUN WEST MORTGAGE COMPANY, INC. $175,000 $930,000 431.4% 0.7%
    PENNYMAC LOAN SERVICES, LLC $620,000 $910,000 46.8% 0.7%
    FREEDOM MORTGAGE CORPORATION $1,255,000 $865,000 -31.1% 0.7%
    VANDERBILT MORTGAGE AND FINANCE, INC. $600,000 $855,000 42.5% 0.7%
    MOVEMENT MORTGAGE, LLC $1,365,000 $785,000 -42.5% 0.6%
    JUSTICE Federal Credit Union $1,150,000 $765,000 -33.5% 0.6%
    AMERICAN FINANCIAL NETWORK, INC. $740,000 n/a 0.6%
    First United Corporation $1,500,000 $730,000 -51.3% 0.6%
    First Community Bank $345,000 $690,000 100.0% 0.5%
    BROKER SOLUTIONS, INC. $945,000 $680,000 -28.0% 0.5%
    BAYER HERITAGE $165,000 $570,000 245.5% 0.4%
    MEMBER FIRST MORTGAGE, LLC $575,000 $535,000 -7.0% 0.4%
    AMERISAVE MORTGAGE CORPORATION $1,690,000 $530,000 -68.6% 0.4%
    First Commonwealth Bank $525,000 n/a 0.4%
    Bank of America $200,000 $505,000 152.5% 0.4%
    Wells Fargo Bank $1,400,000 $505,000 -63.9% 0.4%
    MCNB Bank and Trust Co. $495,000 n/a 0.4%
    Gateway First Bank $545,000 $485,000 -11.0% 0.4%
    U.S. Bank $745,000 $470,000 -36.9% 0.4%
    AMERICAN INTERNET MORTGAGE, INC. $335,000 $425,000 26.9% 0.3%
    VILLAGE CAPITAL MORTGAGE $105,000 $420,000 300.0% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $185,000 $380,000 105.4% 0.3%
    PLANET HOME LENDING, LLC $325,000 n/a 0.2%
    United Bank $185,000 $310,000 67.6% 0.2%
    Paramount Residential Mortgage Group, Inc. $300,000 n/a 0.2%
    SIWELL, INC. $155,000 $290,000 87.1% 0.2%
    First Guaranty Bank $2,055,000 $285,000 -86.1% 0.2%
    THRIVENT Federal Credit Union $285,000 n/a 0.2%
    Carrington Mortgage Services, LLC $205,000 $280,000 36.6% 0.2%
    Nations Lending Corporation $275,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $230,000 $235,000 2.2% 0.2%
    ACADEMY MORTGAGE CORPORATION $225,000 n/a 0.2%
    Northwest Federal Credit Union $215,000 n/a 0.2%
    TRIAD FINANCIAL SERVICES, INC. $215,000 n/a 0.2%
    DAS Acquisition Company, LLC $775,000 $205,000 -73.5% 0.2%
    Community Trust Bank, Inc. $200,000 n/a 0.2%
    BETTER MORTGAGE CORPORATION $395,000 $185,000 -53.2% 0.1%
    WRIGHT-PATT CREDIT UNION, INC. $185,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $45,000 $180,000 300.0% 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $175,000 n/a 0.1%
    Bank of England $165,000 n/a 0.1%
    POLARIS HOME FUNDING CORP. $165,000 n/a 0.1%
    The United Federal Credit Union $620,000 $155,000 -75.0% 0.1%
    TIDEWATER MORTGAGE SERVICES, INC. $155,000 n/a 0.1%
    Putnam County Bank $145,000 n/a 0.1%
    USAA Federal Savings Bank $350,000 $135,000 -61.4% 0.1%
    Discover Bank $140,000 $125,000 -10.7% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $190,000 $125,000 -34.2% 0.1%
    NEWREZ LLC $270,000 $125,000 -53.7% 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $115,000 n/a 0.1%
    Apple Federal Credit Union $105,000 n/a 0.1%
    CNB Bank Inc. $605,000 $105,000 -82.6% 0.1%
    Barrington Bank & Trust Company, N.A. $235,000 $95,000 -59.6% 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $105,000 $95,000 -9.5% 0.1%
    Summit Community Bank, Inc. $295,000 $95,000 -67.8% 0.1%
    LIMA ONE CAPITAL, LLC $85,000 n/a 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $85,000 n/a 0.1%
    ASHLAND Credit Union $75,000 n/a 0.1%
    Peoples Bank $35,000 $55,000 57.1% 0.0%
    AMERICAN FINANCING CORPORATION $385,000 $45,000 -88.3% 0.0%

    Fairmont's top lender by overall market share is First Exchange Bank, with 10.0% market share. In second place, with 8.3%, is The Huntington National Bank, having originated $10,875,000 in loans. In third place, with 8.3%, is LOANDEPOT.COM, LLC, having originated $10,785,000 in loans. In fourth place, with 7.8%, is QUICKEN LOANS, LLC, having originated $10,155,000 in loans. In fifth place, with 6.2%, is FAIRMONT, having originated $8,090,000 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 $133,425 (2.0%) $152,172 (2.4%) 0.00 216
    2018-02-01 $138,300 (8.1%) $158,855 (8.5%) 0.00 173
    2018-03-01 $147,200 (9.6%) $161,728 (9.0%) 0.00 155
    2018-04-01 $150,950 (11.3%) $162,464 (9.6%) 0.00 148
    2018-05-01 $158,225 (13.1%) $167,132 (7.8%) 0.00 158
    2018-06-01 $154,000 (4.8%) $166,766 (4.3%) 0.00 189
    2018-07-01 $152,400 (4.5%) $168,830 (4.4%) 0.00 187
    2018-08-01 $143,725 (2.1%) $160,820 (1.4%) 0.00 187
    2018-09-01 $133,500 (-4.6%) $153,292 (-2.9%) 0.00 198
    2018-10-01 $128,400 (-7.6%) $146,972 (-5.1%) 0.00 196
    2018-11-01 $129,750 (-7.3%) $145,525 (-7.8%) 0.00 193
    2018-12-01 $129,900 (-6.6%) $147,742 (-6.1%) 0.00 190
    2019-01-01 $144,950 (8.6%) $156,310 (2.7%) 0.00 165
    2019-02-01 $147,425 (6.6%) $162,946 (2.6%) 0.00 157
    2019-03-01 $139,900 (-5.0%) $162,782 (0.7%) 0.00 153
    2019-04-01 $144,900 (-4.0%) $168,944 (4.0%) 0.00 149
    2019-05-01 $149,950 (-5.2%) $172,183 (3.0%) 0.00 137
    2019-06-01 $147,450 (-4.3%) $167,087 (0.2%) 0.00 145
    2019-07-01 $149,000 (-2.2%) $166,743 (-1.2%) 0.00 162
    2019-08-01 $146,518 (1.9%) $167,872 (4.4%) 0.00 160
    2019-09-01 $142,795 (7.0%) $167,698 (9.4%) 0.00 158
    2019-10-01 $139,900 (9.0%) $167,583 (14.0%) 0.00 157
    2019-11-01 $134,900 (4.0%) $157,808 (8.4%) 0.00 161
    2019-12-01 $138,250 (6.4%) $160,790 (8.8%) 0.00 156
    2020-01-01 $127,350 (-12.1%) $156,578 (0.2%) 0.00 135
    2020-02-01 $126,000 (-14.5%) $163,033 (0.1%) 0.00 134
    2020-03-01 $129,950 (-7.1%) $164,104 (0.8%) 0.00 122
    2020-04-01 $129,250 (-10.8%) $168,801 (-0.1%) 0.00 123
    2020-05-01 $141,700 (-5.5%) $179,663 (4.3%) 0.00 119
    2020-06-01 $137,225 (-6.9%) $173,455 (3.8%) 0.00 127
    2020-07-01 $148,450 (-0.4%) $175,172 (5.1%) 0.00 128
    2020-08-01 $147,450 (0.6%) $181,041 (7.8%) 0.00 112
    2020-09-01 $139,225 (-2.5%) $169,682 (1.2%) 0.00 118
    2020-10-01 $139,900 (0.0%) $168,757 (0.7%) 0.00 127
    2020-11-01 $140,950 (4.5%) $166,829 (5.7%) 0.00 123
    2020-12-01 $139,900 (1.2%) $164,367 (2.2%) 0.00 112
    2021-01-01 $139,900 (9.9%) $165,041 (5.4%) 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 (-5.1%) 0.00 78
    2021-04-01 $150,000 (16.1%) $168,528 (-0.2%) 0.00 69
    2021-05-01 $152,000 (7.3%) $166,991 (-7.1%) 0.00 83
    2021-06-01 $154,850 (12.8%) $176,405 (1.7%) 0.00 89
    2021-07-01 $172,450 (16.2%) $170,722 (-2.5%) 0.00 85
    2021-08-01 $169,900 (15.2%) $175,304 (-3.2%) 0.00 97
    2021-09-01 $169,725 (21.9%) $177,807 (4.8%) 0.00 101
    2021-10-01 $174,950 (25.1%) $182,468 (8.1%) 0.00 95
    2021-11-01 $154,025 (9.3%) $165,652 (-0.7%) 0.00 99
    2021-12-01 $148,700 (6.3%) $165,965 (1.0%) 0.00 93
    2022-01-01 $155,450 (11.1%) $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 (-1.4%) $191,557 (14.7%) 0.00 74
    2022-06-01 $157,475 (1.7%) $198,866 (12.7%) 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 (-11.5%) $182,263 (-0.1%) 0.00 119
    2022-11-01 $168,325 (9.3%) $188,081 (13.5%) 0.00 119
    2022-12-01 $159,900 (7.5%) $187,693 (13.1%) 0.00 111
    2023-01-01 $145,650 (-6.3%) $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
    2023-12-01 $179,999 (12.6%) $218,310 (16.3%) 0.00 115
    2024-01-01 $175,000 (20.2%) $221,188 (13.6%) 0.00 92
    2024-02-01 $205,750 (45.8%) $223,339 (18.1%) 0.00 93
    2024-03-01 $217,450 (31.1%) $238,467 (15.2%) 0.00 81
    Fairmont's median listing price for 2024-03-01 was $217,450, a difference of $51,575 (31.1%) versus the prior year and $11,700 versus the prior month.

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

    Fairmont's average listing price for 2024-03-01 was $238,467, a difference of $31,497 (15.2%) versus the prior year and $15,128 versus the prior month.

    For the 2024-03-01 period, Fairmont had 81 MLS listings, a difference of -12 listings (-13%) versus the prior month and 10 listings (14%) 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 1,619 sqft
    2018-04-01 0 days 1,596 sqft
    2018-05-01 0 days 1,638 sqft
    2018-06-01 0 days 1,627 sqft
    2018-07-01 0 days 1,627 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 1,700 sqft
    2019-06-01 0 days 1,696 sqft
    2019-07-01 0 days 1,698 sqft
    2019-08-01 0 days 1,658 sqft
    2019-09-01 0 days 1,638 sqft
    2019-10-01 0 days 1,621 sqft
    2019-11-01 0 days 1,576 sqft
    2019-12-01 0 days 1,555 sqft
    2020-01-01 0 days 1,506 sqft
    2020-02-01 0 days 1,523 sqft
    2020-03-01 0 days 1,529 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 1,639 sqft
    2020-12-01 0 days 1,673 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 1,691 sqft
    2021-05-01 0 days 1,696 sqft
    2021-06-01 0 days 1,568 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 1,737 sqft
    2021-11-01 0 days 1,670 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 1,627 sqft
    2023-02-01 0 days 1,568 sqft
    2023-03-01 0 days 1,654 sqft
    2023-04-01 0 days 1,631 sqft
    2023-05-01 0 days 1,676 sqft
    2023-06-01 0 days 1,679 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
    2023-12-01 0 days 1,700 sqft
    2024-01-01 0 days 1,684 sqft
    2024-02-01 0 days 1,647 sqft
    2024-03-01 0 days 1,700 sqft
    Fairmont's median listing age (time on market) for 2024-03-01 was 0 days.

    Fairmont's median square footage for active listings during the 2024-03-01 period was 1,700 sqft. One year prior, the average listing was 1,654 sqft.

    Fairmont, WV Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 551 $99,345,000 $180,299
    Cash Out Refi 93 $11,885,000 $127,796
    Home Improvement 72 $5,830,000 $80,972
    Refi 63 $8,835,000 $140,238
    Other 61 $4,485,000 $73,525

    Fairmont's most frequently cited loan purpose was Home Purchase, with 551 originations. The 2nd most popular reason was Cash Out Refi, with 93 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 257 $44,475,000 $173,054
    5-6% 223 $36,975,000 $165,807
    7-8% 142 $22,190,000 $156,268
    Over 8% 95 $7,655,000 $80,579
    4-5% 18 $2,490,000 $138,333
    <2.5% 18 $770,000 $42,778
    2.5-3% 8 $720,000 $90,000
    3-4% 5 $655,000 $131,000

    During 2023, Fairmont's most frequently originated rate bucket was 6-7%, with 257 originations.

    Loan Sizing (Fairmont, WV MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 325 $47,415,000 $145,892
    $100,000 or less 283 $17,725,000 $62,633
    $200k-400k 211 $54,245,000 $257,085
    $400k-600k 16 $7,400,000 $462,500
    $600k-1000k 5 $3,595,000 $719,000

    Fairmont's loan sizing saw the bucket of loans from $100k-200k with 325 originations, totaling $47,415,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 411 $74,495,000 $181,253
    60-80% 120 $20,390,000 $169,917
    40-60% 88 $9,910,000 $112,614
    20-40% 76 $5,230,000 $68,816
    Under 20% 52 $1,950,000 $37,500
    Over 100% 17 $3,785,000 $222,647

    Fairmont's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 411 originations, totaling $74,495,000 in origination value.