FLORENCE - MUSCLE SHOALS Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Florence - Muscle Shoals averaged
6.79%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.52% and
one month ago for the week of 2024-10-03, the
average rate was 6.32%.
Florence - Muscle Shoals's average rate one year ago was 7.96%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.08%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Florence - Muscle Shoals 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Florence - Muscle Shoals 30 Year Fixed Rate Refi | 2024-11-07 | 7.08% |
| Florence - Muscle Shoals 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Florence - Muscle Shoals 15 Year Fixed Rate Refi | 2024-11-07 | 6.5% |
| Florence - Muscle Shoals 30 Year FHA | 2024-11-07 | 6.34% |
| Florence - Muscle Shoals 30 Year FHA Refi | 2024-11-07 | 6.43% |
| Florence - Muscle Shoals 30 Year USDA | 2024-11-07 | 6.68% |
| Florence - Muscle Shoals 30 Year USDA Refi | 2024-11-07 | 6.48% |
| Florence - Muscle Shoals 30 Year VA | 2024-11-07 | 6.56% |
| Florence - Muscle Shoals 30 Year VA Refi | 2024-11-07 | 6.24% |
FLORENCE - MUSCLE SHOALS 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 FLORENCE-MUSCLE SHOALS, AL 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.).
FLORENCE - MUSCLE SHOALS Average Closing Costs & Other Stats
FLORENCE-MUSCLE SHOALS, AL's 108 lenders originated 3,062
loans during 2023. The total origination value was $562,280,000, with an average loan value of
$183,632.
FLORENCE - MUSCLE SHOALS's average closing costs are $4,318.
The top FLORENCE - MUSCLE SHOALS lender as defined by loan originations is Trustmark National Bank, with
99 loans originated. Their average total fees are
$3,273, which is $962
lower than the next largest lender,
Bank Independent.
The lowest fee FLORENCE - MUSCLE SHOALS lenders (with over 10 loans originated) are
JPMorgan Chase Bank ($2,223), REDSTONE Federal Credit Union ($2,769), Listerhill Credit Union ($2,943), Trustmark National Bank ($3,273) and CB&S Bank, Inc. ($3,340).
The lowest rate FLORENCE - MUSCLE SHOALS lenders (with over 10 loans originated) are
MORTGAGE INVESTORS GROUP, INC. (5.17%), TVA Community Credit Union (6.04%), JPMorgan Chase Bank (6.32%), First Federal Bank, A FSB (6.46%) and Regions Bank (6.47%).
FLORENCE-MUSCLE SHOALS, AL 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 |
|---|---|---|---|---|
| Bank Independent | $92,540,000 | $71,510,000 | -22.7% | 12.7% |
| Trustmark National Bank | $49,165,000 | $41,425,000 | -15.7% | 7.4% |
| Listerhill Credit Union | $99,545,000 | $31,545,000 | -68.3% | 5.6% |
| QUICKEN LOANS, LLC | $36,910,000 | $29,060,000 | -21.3% | 5.2% |
| Assurance Financial Group, L.L.C. | $26,295,000 | $25,160,000 | -4.3% | 4.5% |
| Regions Bank | $32,550,000 | $24,730,000 | -24.0% | 4.4% |
| CB&S Bank, Inc. | $13,285,000 | $21,765,000 | 63.8% | 3.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $27,080,000 | $19,510,000 | -28.0% | 3.5% |
| First Metro Bank | $38,200,000 | $16,400,000 | -57.1% | 2.9% |
| First Federal Bank, A FSB | $22,330,000 | $14,225,000 | -36.3% | 2.5% |
| First Southern Bank | $29,495,000 | $12,140,000 | -58.8% | 2.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $9,265,000 | $12,055,000 | 30.1% | 2.1% |
| United Community Bank | $515,000 | $11,360,000 | 2,105.8% | 2.0% |
| TVA Community Credit Union | $12,070,000 | $10,780,000 | -10.7% | 1.9% |
| Mortgage Research Center, LLC | $12,700,000 | $10,425,000 | -17.9% | 1.9% |
| Renasant Bank | $10,785,000 | $9,640,000 | -10.6% | 1.7% |
| MORTGAGE INVESTORS GROUP, INC. | $4,665,000 | $6,805,000 | 45.9% | 1.2% |
| Alabama Central Credit Union | $10,695,000 | $6,315,000 | -41.0% | 1.1% |
| Wolfe Financial, Inc | $7,915,000 | $5,420,000 | -31.5% | 1.0% |
| River Bank & Trust | $175,000 | $5,365,000 | 2,965.7% | 1.0% |
| Consumer First Mortgage, Inc. | $5,115,000 | $4,875,000 | -4.7% | 0.9% |
| American Mortgage & Equity Consultants, Inc. | $4,810,000 | n/a | 0.9% | |
| MOVEMENT MORTGAGE, LLC | $3,605,000 | $4,465,000 | 23.9% | 0.8% |
| FIRST COMMUNITY MORTGAGE, INC. | $17,375,000 | $4,270,000 | -75.4% | 0.8% |
| 21ST MORTGAGE CORPORATION | $2,770,000 | $4,190,000 | 51.3% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $2,365,000 | $4,150,000 | 75.5% | 0.7% |
| PNC Bank | $3,720,000 | $4,005,000 | 7.7% | 0.7% |
| FirstBank | $8,235,000 | $3,835,000 | -53.4% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $3,635,000 | $3,830,000 | 5.4% | 0.7% |
| BROKER SOLUTIONS, INC. | $2,310,000 | $3,750,000 | 62.3% | 0.7% |
| NEWREZ LLC | $1,815,000 | $3,605,000 | 98.6% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,595,000 | $3,300,000 | 27.2% | 0.6% |
| Stock Yards Bank & Trust Company | $3,280,000 | n/a | 0.6% | |
| GUILD MORTGAGE COMPANY | $5,675,000 | $3,145,000 | -44.6% | 0.6% |
| REDSTONE Federal Credit Union | $4,420,000 | $3,110,000 | -29.6% | 0.6% |
| JPMorgan Chase Bank | $2,810,000 | $3,090,000 | 10.0% | 0.5% |
| U.S. Bank | $995,000 | $3,025,000 | 204.0% | 0.5% |
| LOANDEPOT.COM, LLC | $7,975,000 | $2,925,000 | -63.3% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $3,940,000 | $2,910,000 | -26.1% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $3,125,000 | $2,870,000 | -8.2% | 0.5% |
| Truist | $4,155,000 | $2,845,000 | -31.5% | 0.5% |
| South State Bank | $660,000 | $2,755,000 | 317.4% | 0.5% |
| LEADERONE FINANCIAL CORPORATION | $1,085,000 | $2,700,000 | 148.8% | 0.5% |
| Cedar Rapids Bank and Trust Company | $2,655,000 | n/a | 0.5% | |
| PeoplesTrust Bank | $2,625,000 | n/a | 0.5% | |
| Wells Fargo Bank | $5,680,000 | $2,495,000 | -56.1% | 0.4% |
| First National Bank of Pulaski | $2,565,000 | $2,390,000 | -6.8% | 0.4% |
| UNION HOME MORTGAGE CORP. | $3,065,000 | $2,315,000 | -24.5% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,375,000 | $2,285,000 | 66.2% | 0.4% |
| CIS Financial Services, Inc. | $3,870,000 | $2,210,000 | -42.9% | 0.4% |
| GMFS LLC | $1,620,000 | $1,880,000 | 16.0% | 0.3% |
| CMG MORTGAGE, INC. | $1,315,000 | $1,835,000 | 39.5% | 0.3% |
| GUARANTEED RATE, INC. | $1,025,000 | $1,770,000 | 72.7% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,750,000 | $1,765,000 | 0.9% | 0.3% |
| PHH Mortgage Corporation | $1,735,000 | n/a | 0.3% | |
| Discover Bank | $695,000 | $1,660,000 | 138.8% | 0.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,340,000 | $1,655,000 | -29.3% | 0.3% |
| TJC Mortgage, Inc. | $255,000 | $1,585,000 | 521.6% | 0.3% |
| Pinnacle Bank | $360,000 | $1,505,000 | 318.1% | 0.3% |
| HOMESIDE FINANCIAL, LLC | $290,000 | $1,420,000 | 389.7% | 0.3% |
| CARDINAL FINANCIAL | $910,000 | $1,415,000 | 55.5% | 0.3% |
| Carrington Mortgage Services, LLC | $550,000 | $1,285,000 | 133.6% | 0.2% |
| USAA Federal Savings Bank | $3,130,000 | $1,190,000 | -62.0% | 0.2% |
| BancorpSouth | $1,960,000 | $1,165,000 | -40.6% | 0.2% |
| Synovus Bank | $850,000 | $1,110,000 | 30.6% | 0.2% |
| FineMark National Bank & Trust | $1,105,000 | n/a | 0.2% | |
| Citizens Bank | $690,000 | $1,015,000 | 47.1% | 0.2% |
| SouthPoint Bank | $850,000 | $975,000 | 14.7% | 0.2% |
| NEW DAY FINANCIAL, LLC | $2,130,000 | $965,000 | -54.7% | 0.2% |
| First Horizon Bank | $2,600,000 | $955,000 | -63.3% | 0.2% |
| Equity Prime Mortgage LLC | $830,000 | $900,000 | 8.4% | 0.2% |
| EVERETT FINANCIAL, INC. | $3,390,000 | $890,000 | -73.7% | 0.2% |
| BankPlus | $875,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $1,695,000 | $860,000 | -49.3% | 0.2% |
| ISERVE RESIDENTIAL LENDING, LLC | $1,395,000 | $855,000 | -38.7% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $450,000 | $835,000 | 85.6% | 0.1% |
| Plains Commerce Bank | $800,000 | n/a | 0.1% | |
| SIRVA MORTGAGE, INC. | $790,000 | n/a | 0.1% | |
| The Federal Savings Bank | $1,125,000 | $745,000 | -33.8% | 0.1% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $735,000 | n/a | 0.1% | |
| Raymond James Bank | $705,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $815,000 | $705,000 | -13.5% | 0.1% |
| EVANSVILLE TEACHERS | $685,000 | n/a | 0.1% | |
| Prosperity Home Mortgage, LLC | $680,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $1,675,000 | $655,000 | -60.9% | 0.1% |
| PEGASUS BANK | $655,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,000,000 | $640,000 | -36.0% | 0.1% |
| PLANET HOME LENDING, LLC | $300,000 | $640,000 | 113.3% | 0.1% |
| CapStar Bank | $195,000 | $630,000 | 223.1% | 0.1% |
| Flagstar Bank, FSB | $2,490,000 | $620,000 | -75.1% | 0.1% |
| Bank of America | $845,000 | $600,000 | -29.0% | 0.1% |
| Citizens Bank & Trust | $300,000 | $600,000 | 100.0% | 0.1% |
| Armed Forces Bank | $880,000 | $595,000 | -32.4% | 0.1% |
| Magnolia Bank | $595,000 | n/a | 0.1% | |
| ABSOLUTE HOME MORTGAGE CORPORATION | $590,000 | n/a | 0.1% | |
| Coastal Community Bank | $570,000 | n/a | 0.1% | |
| DEEPHAVEN MORTGAGE LLC | $570,000 | n/a | 0.1% | |
| Commerce Home Mortgage, Inc. | $555,000 | n/a | 0.1% | |
| Citadel Servicing Corporation | $135,000 | $550,000 | 307.4% | 0.1% |
| MILEND, INC. | $710,000 | $545,000 | -23.2% | 0.1% |
| Morgan Stanley Private Bank | $545,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $820,000 | $545,000 | -33.5% | 0.1% |
| M&T Bank | $430,000 | $530,000 | 23.3% | 0.1% |
| First Savings Bank | $500,000 | n/a | 0.1% | |
| Patriot Bank | $500,000 | n/a | 0.1% | |
| SUMMIT FUNDING, INC. | $490,000 | n/a | 0.1% | |
| THE MORTGAGE LINK, INC. | $480,000 | n/a | 0.1% | |
| Atlantic Union Bank | $475,000 | n/a | 0.1% | |
| GENEVA FINANCIAL, LLC | $1,140,000 | $475,000 | -58.3% | 0.1% |
| TOWNE MORTGAGE COMPANY | $470,000 | n/a | 0.1% | |
| AuburnBank | $465,000 | n/a | 0.1% | |
| Evolve Bank & Trust | $455,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $345,000 | $445,000 | 29.0% | 0.1% |
| BankFirst Financial Services | $575,000 | $430,000 | -25.2% | 0.1% |
| SWBC MORTGAGE CORPORATION | $590,000 | $425,000 | -28.0% | 0.1% |
| Peoples Bank of Alabama | $385,000 | $420,000 | 9.1% | 0.1% |
| Ameris Bank | $300,000 | $415,000 | 38.3% | 0.1% |
| Blackhawk Bank | $415,000 | n/a | 0.1% | |
| Heritage Bank & Trust | $690,000 | $415,000 | -39.9% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $1,440,000 | $410,000 | -71.5% | 0.1% |
| Peoples Bank of the South | $405,000 | n/a | 0.1% | |
| TOWN AND COUNTRY Credit Union | $395,000 | n/a | 0.1% | |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $175,000 | $370,000 | 111.4% | 0.1% |
| GUARANTY HOME MORTGAGE CORPORATION | $1,390,000 | $365,000 | -73.7% | 0.1% |
| NBKC BANK | $455,000 | $365,000 | -19.8% | 0.1% |
| Bank of Tennessee | $355,000 | n/a | 0.1% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $355,000 | n/a | 0.1% | |
| EvaBank | $570,000 | $345,000 | -39.5% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,440,000 | $340,000 | -76.4% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,005,000 | $340,000 | -66.2% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $315,000 | n/a | 0.1% | |
| CSL Financial, LLC | $280,000 | $315,000 | 12.5% | 0.1% |
| First National Bank | $375,000 | $310,000 | -17.3% | 0.1% |
| HOMESTAR FINANCIAL CORPORATION | $305,000 | n/a | 0.1% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $310,000 | $305,000 | -1.6% | 0.1% |
| TENNESSEE VALLEY | $305,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $640,000 | $300,000 | -53.1% | 0.1% |
| LOANPAL, LLC | $300,000 | n/a | 0.1% | |
| ALABAMA TEACHERS | $285,000 | n/a | 0.1% | |
| Traditions Bank | $285,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $85,000 | $275,000 | 223.5% | 0.0% |
| First Federal Bank | $145,000 | $275,000 | 89.7% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $670,000 | $270,000 | -59.7% | 0.0% |
| KEESLER | $265,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $145,000 | $265,000 | 82.8% | 0.0% |
| Hamilton Mortgage Corporation | $1,285,000 | $260,000 | -79.8% | 0.0% |
| COMMUNITY MORTGAGE CORPORATION | $155,000 | $255,000 | 64.5% | 0.0% |
| Cornerstone First Mortgage, Inc | $255,000 | n/a | 0.0% | |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $345,000 | $255,000 | -26.1% | 0.0% |
| FIRST COLONY MORTGAGE CORPORATION | $255,000 | n/a | 0.0% | |
| Bank of Bartlett | $245,000 | n/a | 0.0% | |
| NBH Bank | $245,000 | n/a | 0.0% | |
| First Farmers and Merchants Bank | $1,465,000 | $230,000 | -84.3% | 0.0% |
| Alcova Mortgage LLC | $155,000 | $225,000 | 45.2% | 0.0% |
| CITIZENS EQUITY FIRST | $225,000 | n/a | 0.0% | |
| First Commercial Bank | $225,000 | n/a | 0.0% | |
| Figure Lending LLC | $205,000 | $220,000 | 7.3% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $660,000 | $215,000 | -67.4% | 0.0% |
| The Hometown Bank of Alabama | $215,000 | n/a | 0.0% | |
| Bryant Bank | $3,705,000 | $205,000 | -94.5% | 0.0% |
| MEMBER ONE | $205,000 | n/a | 0.0% | |
| Merchants & Marine Bank | $200,000 | n/a | 0.0% | |
| CASTLE & COOKE MORTGAGE, LLC | $195,000 | n/a | 0.0% | |
| Colonial Savings, F.A. | $185,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $470,000 | $185,000 | -60.6% | 0.0% |
| MAX Credit Union | $185,000 | n/a | 0.0% | |
| ServisFirst Bank | $1,380,000 | $185,000 | -86.6% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $595,000 | $175,000 | -70.6% | 0.0% |
| EMM LOANS LLC | $225,000 | $175,000 | -22.2% | 0.0% |
| CORNERSTONE HOME LENDING, INC. | $165,000 | n/a | 0.0% | |
| GUIDANCE RESIDENTIAL, LLC | $165,000 | n/a | 0.0% | |
| Jefferson Credit Union | $165,000 | n/a | 0.0% | |
| Northpointe Bank | $2,170,000 | $165,000 | -92.4% | 0.0% |
| Paramount Residential Mortgage Group, Inc. | $195,000 | $165,000 | -15.4% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $250,000 | $165,000 | -34.0% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $155,000 | n/a | 0.0% | |
| Peoples Bank | $155,000 | n/a | 0.0% | |
| TriStar Bank | $665,000 | $155,000 | -76.7% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $460,000 | $150,000 | -67.4% | 0.0% |
| Metro City Bank | $145,000 | n/a | 0.0% | |
| Nations Lending Corporation | $470,000 | $145,000 | -69.1% | 0.0% |
| Beeline Loans, Inc. | $135,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $820,000 | $135,000 | -83.5% | 0.0% |
| The Loan Store, Inc. | $135,000 | n/a | 0.0% | |
| Victorian Finance, LLC | $135,000 | n/a | 0.0% | |
| Bank of England | $670,000 | $125,000 | -81.3% | 0.0% |
| Fifth Third Bank | $125,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $115,000 | n/a | 0.0% | |
| INTERLINC MORTGAGE SERVICES, LLC | $265,000 | $115,000 | -56.6% | 0.0% |
| Family Security Credit Union | $35,000 | $110,000 | 214.3% | 0.0% |
| Community Bank of Mississippi | $45,000 | $105,000 | 133.3% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $105,000 | n/a | 0.0% | |
| Colony Bank | $95,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $320,000 | $90,000 | -71.9% | 0.0% |
| First State Bank of the South, Inc. | $85,000 | n/a | 0.0% | |
| APCO EMPLOYEES | $500,000 | $75,000 | -85.0% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $75,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $75,000 | n/a | 0.0% | |
| STOCKTON MORTGAGE CORPORATION | $65,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $645,000 | $65,000 | -89.9% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $55,000 | n/a | 0.0% | |
| AVADIAN | $535,000 | $35,000 | -93.5% | 0.0% |
| Guardian Credit Union | $35,000 | n/a | 0.0% |
FLORENCE - MUSCLE SHOALS's top lender by overall market share is Bank Independent, with 12.7% market share. In second place, with 7.4%, is Trustmark National Bank, having originated $41,425,000 in loans. In third place, with 5.6%, is Listerhill Credit Union, having originated $31,545,000 in loans. In fourth place, with 5.2%, is QUICKEN LOANS, LLC, having originated $29,060,000 in loans. In fifth place, with 4.5%, is Assurance Financial Group, L.L.C., having originated $25,160,000 in loans.
FLORENCE-MUSCLE SHOALS, AL Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 35582 | Florence-Muscle Shoals, AL MSA | $590 | $640 | $840 | $1,040 | $1,290 |
| 35610 | Florence-Muscle Shoals, AL MSA | $590 | $690 | $810 | $1,080 | $1,290 |
| 35614 | Florence-Muscle Shoals, AL MSA | $640 | $750 | $890 | $1,170 | $1,390 |
| 35616 | Florence-Muscle Shoals, AL MSA | $580 | $620 | $820 | $1,010 | $1,260 |
| 35630 | Florence-Muscle Shoals, AL MSA | $580 | $620 | $820 | $1,010 | $1,260 |
| 35631 | Florence-Muscle Shoals, AL MSA | $570 | $610 | $800 | $990 | $1,230 |
| 35633 | Florence-Muscle Shoals, AL MSA | $660 | $710 | $930 | $1,150 | $1,430 |
| 35634 | Florence-Muscle Shoals, AL MSA | $670 | $720 | $950 | $1,170 | $1,460 |
| 35645 | Florence-Muscle Shoals, AL MSA | $550 | $590 | $770 | $950 | $1,190 |
| 35646 | Florence-Muscle Shoals, AL MSA | $520 | $560 | $740 | $910 | $1,140 |
| 35648 | Florence-Muscle Shoals, AL MSA | $520 | $560 | $740 | $910 | $1,140 |
| 35652 | Florence-Muscle Shoals, AL MSA | $620 | $690 | $880 | $1,090 | $1,360 |
| 35653 | Florence-Muscle Shoals, AL MSA | $550 | $590 | $770 | $950 | $1,190 |
| 35654 | Florence-Muscle Shoals, AL MSA | $520 | $560 | $740 | $910 | $1,140 |
| 35660 | Florence-Muscle Shoals, AL MSA | $570 | $610 | $800 | $990 | $1,230 |
| 35661 | Florence-Muscle Shoals, AL MSA | $670 | $720 | $950 | $1,170 | $1,460 |
| 35672 | Florence-Muscle Shoals, AL MSA | $580 | $610 | $740 | $960 | $1,070 |
| 35674 | Florence-Muscle Shoals, AL MSA | $580 | $620 | $820 | $1,010 | $1,260 |
| 35677 | Florence-Muscle Shoals, AL MSA | $690 | $750 | $980 | $1,210 | $1,510 |
| 38852 | Florence-Muscle Shoals, AL MSA | $520 | $560 | $740 | $910 | $1,140 |
2022 Average & Median Rent Data Statistics
FLORENCE-MUSCLE SHOALS, AL average 1BR rent: $639, median: $620
FLORENCE-MUSCLE SHOALS, AL average 2BR rent: $827, median: $815
FLORENCE-MUSCLE SHOALS, AL average 3BR rent: $1,030, median: $1,010
FLORENCE-MUSCLE SHOALS, AL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,707 | $389,205,000 | $228,005 |
| Refi | 454 | $74,070,000 | $163,150 |
| Cash Out Refi | 453 | $61,785,000 | $136,391 |
| Other | 236 | $22,160,000 | $93,898 |
| Home Improvement | 212 | $15,060,000 | $71,038 |
Florence - Muscle Shoals's most frequently cited loan purpose was Home Purchase, with 1,707 originations. The 2nd most popular reason was Refi, with 454 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 963 | $195,595,000 | $203,110 |
| 7-8% | 640 | $118,270,000 | $184,797 |
| Over 8% | 602 | $61,990,000 | $102,973 |
| 5-6% | 486 | $107,920,000 | $222,058 |
| 3-4% | 73 | $9,645,000 | $132,123 |
| 4-5% | 40 | $10,270,000 | $256,750 |
| <2.5% | 10 | $2,580,000 | $258,000 |
| 2.5-3% | 4 | $590,000 | $147,500 |
During 2023, Florence - Muscle Shoals's most frequently originated rate bucket was 6-7%, with 963 originations.
Loan Sizing (FLORENCE-MUSCLE SHOALS, AL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,062 | $154,890,000 | $145,847 |
| $100,000 or less | 1,013 | $54,975,000 | $54,269 |
| $200k-400k | 766 | $206,290,000 | $269,308 |
| $400k-600k | 157 | $75,085,000 | $478,248 |
| $600k-1000k | 48 | $33,850,000 | $705,208 |
| $Over $1MM | 16 | $37,190,000 | $2,324,375 |
FLORENCE - MUSCLE SHOALS's loan sizing saw the bucket of loans from $100k-200k with 1,062 originations, totaling $154,890,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,213 | $276,465,000 | $227,918 |
| 60-80% | 586 | $122,150,000 | $208,447 |
| 20-40% | 384 | $36,890,000 | $96,068 |
| Under 20% | 316 | $15,260,000 | $48,291 |
| 40-60% | 272 | $43,570,000 | $160,184 |
| Over 100% | 35 | $10,475,000 | $299,286 |
FLORENCE - MUSCLE SHOALS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,213 originations, totaling $276,465,000 in origination value.