FLORENCE - MUSCLE SHOALS Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Florence - Muscle Shoals averaged
6.57%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
6.81% and
one month ago for the week of 2023-08-10, the
average rate was 6.35%.
Florence - Muscle Shoals's average rate one year ago was 5.48%.
For refis of the same type during the week of 2023-09-14, the average rate
was 6.01%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Florence - Muscle Shoals 30 Year Fixed Rate | 2023-09-14 | 6.57% |
| Florence - Muscle Shoals 30 Year Fixed Rate Refi | 2023-09-14 | 6.01% |
| Florence - Muscle Shoals 15 Year Fixed Rate | 2023-09-14 | 6.13% |
| Florence - Muscle Shoals 15 Year Fixed Rate Refi | 2023-09-14 | 6.23% |
| Florence - Muscle Shoals 30 Year FHA | 2023-09-14 | 6.24% |
| Florence - Muscle Shoals 30 Year FHA Refi | 2023-09-14 | 6.99% |
| Florence - Muscle Shoals 30 Year USDA | 2023-09-14 | 6.48% |
| Florence - Muscle Shoals 30 Year USDA Refi | 2023-09-14 | 6.88% |
| Florence - Muscle Shoals 30 Year VA | 2023-09-14 | 6.26% |
| Florence - Muscle Shoals 30 Year VA Refi | 2023-09-14 | 6.71% |
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 115 lenders originated 4,227
loans during 2022. The total origination value was $777,245,000, with an average loan value of
$183,876.
FLORENCE - MUSCLE SHOALS's average closing costs are $4,098.
The top FLORENCE - MUSCLE SHOALS lender as defined by loan originations is Listerhill Credit Union, with
238 loans originated. Their average total fees are
$2,520, which is $1,640
lower than the next largest lender,
Bank Independent.
The lowest fee FLORENCE - MUSCLE SHOALS lenders (with over 10 loans originated) are
REDSTONE Federal Credit Union ($2,243), TVA Community Credit Union ($2,281), JPMorgan Chase Bank ($2,337), Listerhill Credit Union ($2,520) and CB&S Bank, Inc. ($2,871).
The lowest rate FLORENCE - MUSCLE SHOALS lenders (with over 10 loans originated) are
TVA Community Credit Union (3.75%), Renasant Bank (4.30%), JPMorgan Chase Bank (4.35%), Listerhill Credit Union (4.36%) and FIRST COMMUNITY MORTGAGE, INC. (4.41%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Listerhill Credit Union | $72,180,000 | $99,545,000 | 37.9% | 12.8% |
| Bank Independent | $106,300,000 | $92,540,000 | -12.9% | 11.9% |
| Trustmark National Bank | $68,435,000 | $49,165,000 | -28.2% | 6.3% |
| First Metro Bank | $53,995,000 | $38,200,000 | -29.3% | 4.9% |
| QUICKEN LOANS, LLC | $67,985,000 | $36,910,000 | -45.7% | 4.7% |
| Regions Bank | $47,375,000 | $32,550,000 | -31.3% | 4.2% |
| First Southern Bank | $16,685,000 | $29,495,000 | 76.8% | 3.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $47,665,000 | $27,080,000 | -43.2% | 3.5% |
| Assurance Financial Group, L.L.C. | $34,890,000 | $26,295,000 | -24.6% | 3.4% |
| First Federal Bank, A FSB | $35,510,000 | $22,330,000 | -37.1% | 2.9% |
| Progress Bank and Trust | $38,955,000 | $20,405,000 | -47.6% | 2.6% |
| FIRST COMMUNITY MORTGAGE, INC. | $22,180,000 | $17,375,000 | -21.7% | 2.2% |
| CB&S Bank, Inc. | $11,915,000 | $13,285,000 | 11.5% | 1.7% |
| Mortgage Research Center, LLC | $14,065,000 | $12,700,000 | -9.7% | 1.6% |
| TVA Community Credit Union | $11,170,000 | $12,070,000 | 8.1% | 1.6% |
| Renasant Bank | $28,495,000 | $10,785,000 | -62.2% | 1.4% |
| Alabama Central Credit Union | $10,695,000 | n/a | 1.4% | |
| UNITED WHOLESALE MORTGAGE, LLC | $8,955,000 | $9,265,000 | 3.5% | 1.2% |
| FirstBank | $20,445,000 | $8,235,000 | -59.7% | 1.1% |
| LOANDEPOT.COM, LLC | $13,460,000 | $7,975,000 | -40.8% | 1.0% |
| Wolfe Financial, Inc | $13,330,000 | $7,915,000 | -40.6% | 1.0% |
| Wells Fargo Bank | $10,340,000 | $5,680,000 | -45.1% | 0.7% |
| GUILD MORTGAGE COMPANY | $3,570,000 | $5,675,000 | 59.0% | 0.7% |
| Consumer First Mortgage, Inc. | $8,040,000 | $5,115,000 | -36.4% | 0.7% |
| Hometown Lenders, Inc. | $2,735,000 | $5,090,000 | 86.1% | 0.7% |
| SOUTHWEST FUNDING, LP | $8,870,000 | $4,680,000 | -47.2% | 0.6% |
| MORTGAGE INVESTORS GROUP, INC. | $17,245,000 | $4,665,000 | -72.9% | 0.6% |
| REDSTONE Federal Credit Union | $6,580,000 | $4,420,000 | -32.8% | 0.6% |
| Truist | $2,805,000 | $4,155,000 | 48.1% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $5,155,000 | $3,940,000 | -23.6% | 0.5% |
| CIS Financial Services, Inc. | $11,855,000 | $3,870,000 | -67.4% | 0.5% |
| PNC Bank | $1,870,000 | $3,720,000 | 98.9% | 0.5% |
| Bryant Bank | $795,000 | $3,705,000 | 366.0% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $8,755,000 | $3,635,000 | -58.5% | 0.5% |
| MOVEMENT MORTGAGE, LLC | $2,885,000 | $3,605,000 | 25.0% | 0.5% |
| EVERETT FINANCIAL, INC. | $680,000 | $3,390,000 | 398.5% | 0.4% |
| WALKER & DUNLOP, LLC | $3,255,000 | n/a | 0.4% | |
| USAA Federal Savings Bank | $3,445,000 | $3,130,000 | -9.1% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $22,050,000 | $3,125,000 | -85.8% | 0.4% |
| UNION HOME MORTGAGE CORP. | $3,065,000 | n/a | 0.4% | |
| HOME POINT FINANCIAL CORPORATION | $6,230,000 | $2,970,000 | -52.3% | 0.4% |
| JPMorgan Chase Bank | $3,170,000 | $2,810,000 | -11.4% | 0.4% |
| 21ST MORTGAGE CORPORATION | $2,190,000 | $2,770,000 | 26.5% | 0.4% |
| First Horizon Bank | $3,695,000 | $2,600,000 | -29.6% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $4,075,000 | $2,595,000 | -36.3% | 0.3% |
| VALLEY CREDIT UNION | $2,585,000 | n/a | 0.3% | |
| First National Bank of Pulaski | $1,530,000 | $2,565,000 | 67.6% | 0.3% |
| Flagstar Bank, FSB | $1,745,000 | $2,490,000 | 42.7% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $3,720,000 | $2,365,000 | -36.4% | 0.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,185,000 | $2,340,000 | 7.1% | 0.3% |
| BROKER SOLUTIONS, INC. | $1,810,000 | $2,310,000 | 27.6% | 0.3% |
| Northpointe Bank | $1,430,000 | $2,170,000 | 51.7% | 0.3% |
| NEW DAY FINANCIAL, LLC | $2,800,000 | $2,130,000 | -23.9% | 0.3% |
| Independent Bank | $2,005,000 | n/a | 0.3% | |
| BancorpSouth Bank | $1,230,000 | $1,960,000 | 59.3% | 0.3% |
| NEWREZ LLC | $2,545,000 | $1,815,000 | -28.7% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,075,000 | $1,750,000 | 62.8% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $3,215,000 | $1,695,000 | -47.3% | 0.2% |
| BETTER MORTGAGE CORPORATION | $4,905,000 | $1,675,000 | -65.9% | 0.2% |
| GMFS LLC | $930,000 | $1,620,000 | 74.2% | 0.2% |
| First Farmers and Merchants Bank | $925,000 | $1,465,000 | 58.4% | 0.2% |
| AMERICAN FINANCING CORPORATION | $1,245,000 | $1,440,000 | 15.7% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $1,110,000 | $1,440,000 | 29.7% | 0.2% |
| ISERVE RESIDENTIAL LENDING, LLC | $840,000 | $1,395,000 | 66.1% | 0.2% |
| GUARANTY HOME MORTGAGE CORPORATION | $1,390,000 | n/a | 0.2% | |
| ServisFirst Bank | $55,000 | $1,380,000 | 2,409.1% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,260,000 | $1,375,000 | 9.1% | 0.2% |
| CMG MORTGAGE, INC. | $1,415,000 | $1,315,000 | -7.1% | 0.2% |
| Hamilton Mortgage Corporation | $455,000 | $1,285,000 | 182.4% | 0.2% |
| CALIBER HOME LOANS, INC. | $3,475,000 | $1,275,000 | -63.3% | 0.2% |
| GoPrime Mortgage, Inc. | $570,000 | $1,250,000 | 119.3% | 0.2% |
| GENEVA FINANCIAL, LLC | $4,395,000 | $1,140,000 | -74.1% | 0.1% |
| The Federal Savings Bank | $675,000 | $1,125,000 | 66.7% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $1,255,000 | $1,085,000 | -13.5% | 0.1% |
| GUARANTEED RATE, INC. | $825,000 | $1,025,000 | 24.2% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $530,000 | $1,005,000 | 89.6% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $365,000 | $1,000,000 | 174.0% | 0.1% |
| U.S. Bank | $2,535,000 | $995,000 | -60.7% | 0.1% |
| First Option Mortgage, LLC | $1,250,000 | $935,000 | -25.2% | 0.1% |
| CERTAINTY HOME LOANS, LLC | $950,000 | $920,000 | -3.2% | 0.1% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,135,000 | $910,000 | -19.8% | 0.1% |
| Armed Forces Bank | $880,000 | n/a | 0.1% | |
| SouthPoint Bank | $2,260,000 | $850,000 | -62.4% | 0.1% |
| Synovus Bank | $1,915,000 | $850,000 | -55.6% | 0.1% |
| Bank of America | $2,580,000 | $845,000 | -67.2% | 0.1% |
| Equity Prime Mortgage LLC | $830,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $490,000 | $820,000 | 67.3% | 0.1% |
| ZILLOW HOME LOANS, LLC | $165,000 | $820,000 | 397.0% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,375,000 | $815,000 | -40.7% | 0.1% |
| Ally Bank | $1,905,000 | $740,000 | -61.2% | 0.1% |
| MILEND, INC. | $730,000 | $710,000 | -2.7% | 0.1% |
| Discover Bank | $70,000 | $695,000 | 892.9% | 0.1% |
| Citizens Bank | $1,230,000 | $690,000 | -43.9% | 0.1% |
| Heritage Bank & Trust | $115,000 | $690,000 | 500.0% | 0.1% |
| Bank of England | $55,000 | $670,000 | 1,118.2% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $915,000 | $670,000 | -26.8% | 0.1% |
| TriStar Bank | $665,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $1,945,000 | $660,000 | -66.1% | 0.1% |
| South State Bank | $970,000 | $660,000 | -32.0% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $390,000 | $650,000 | 66.7% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $645,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $970,000 | $640,000 | -34.0% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $195,000 | $595,000 | 205.1% | 0.1% |
| SWBC MORTGAGE CORPORATION | $590,000 | n/a | 0.1% | |
| BankFirst Financial Services | $800,000 | $575,000 | -28.1% | 0.1% |
| EvaBank | $500,000 | $570,000 | 14.0% | 0.1% |
| Carrington Mortgage Services, LLC | $1,645,000 | $550,000 | -66.6% | 0.1% |
| GSF Mortgage Corporation | $545,000 | n/a | 0.1% | |
| UBS Bank USA | $545,000 | n/a | 0.1% | |
| Strong Home Mortgage, LLC | $710,000 | $540,000 | -23.9% | 0.1% |
| AVADIAN | $535,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $660,000 | $535,000 | -18.9% | 0.1% |
| United Community Bank | $515,000 | n/a | 0.1% | |
| APCO EMPLOYEES | $500,000 | n/a | 0.1% | |
| MORTGAGE ACCESS CORP. | $490,000 | n/a | 0.1% | |
| ASCEND FEDERAL CREDIT UNION | $475,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $795,000 | $470,000 | -40.9% | 0.1% |
| Nations Lending Corporation | $925,000 | $470,000 | -49.2% | 0.1% |
| EMBRACE HOME LOANS, INC. | $135,000 | $460,000 | 240.7% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $75,000 | $460,000 | 513.3% | 0.1% |
| NBKC BANK | $285,000 | $455,000 | 59.6% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $205,000 | $450,000 | 119.5% | 0.1% |
| LOANLEADERS OF AMERICA, INC. | $430,000 | n/a | 0.1% | |
| M&T Bank | $115,000 | $430,000 | 273.9% | 0.1% |
| Peoples Bank of Alabama | $385,000 | n/a | 0.0% | |
| First National Bank | $135,000 | $375,000 | 177.8% | 0.0% |
| AlaTrust Credit Union | $360,000 | n/a | 0.0% | |
| Pinnacle Bank | $3,050,000 | $360,000 | -88.2% | 0.0% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $345,000 | n/a | 0.0% | |
| VILLAGE CAPITAL MORTGAGE | $1,960,000 | $345,000 | -82.4% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $330,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $425,000 | $320,000 | -24.7% | 0.0% |
| CHEVRON | $310,000 | n/a | 0.0% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $385,000 | $310,000 | -19.5% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $320,000 | $310,000 | -3.1% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $335,000 | $305,000 | -9.0% | 0.0% |
| Ameris Bank | $815,000 | $300,000 | -63.2% | 0.0% |
| Citizens Bank & Trust | $160,000 | $300,000 | 87.5% | 0.0% |
| PLANET HOME LENDING, LLC | $645,000 | $300,000 | -53.5% | 0.0% |
| CLEARPATH LENDING | $660,000 | $290,000 | -56.1% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $1,015,000 | $290,000 | -71.4% | 0.0% |
| The Camden National Bank | $285,000 | n/a | 0.0% | |
| CSL Financial, LLC | $155,000 | $280,000 | 80.6% | 0.0% |
| First State Bank of St. Charles, Missouri | $265,000 | n/a | 0.0% | |
| FirstTrust Home Loans, Inc. | $265,000 | n/a | 0.0% | |
| INTERLINC MORTGAGE SERVICES, LLC | $440,000 | $265,000 | -39.8% | 0.0% |
| AMERIFIRST FINANCIAL CORPORATION | $255,000 | n/a | 0.0% | |
| TJC Mortgage, Inc. | $340,000 | $255,000 | -25.0% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $135,000 | $250,000 | 85.2% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $405,000 | $250,000 | -38.3% | 0.0% |
| OCEANSIDE MORTGAGE COMPANY | $235,000 | n/a | 0.0% | |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $235,000 | n/a | 0.0% | |
| EMM LOANS LLC | $225,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP. | $220,000 | n/a | 0.0% | |
| DELMAR FINANCIAL COMPANY | $275,000 | $215,000 | -21.8% | 0.0% |
| AMWEST FUNDING CORP. | $205,000 | n/a | 0.0% | |
| Figure Lending LLC | $205,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $205,000 | n/a | 0.0% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $330,000 | $205,000 | -37.9% | 0.0% |
| CapStar Bank | $195,000 | n/a | 0.0% | |
| Gateway First Bank | $1,795,000 | $195,000 | -89.1% | 0.0% |
| Low VA Rates, LLC | $335,000 | $195,000 | -41.8% | 0.0% |
| Paramount Residential Mortgage Group, Inc. | $2,045,000 | $195,000 | -90.5% | 0.0% |
| US MORTGAGE CORPORATION | $195,000 | n/a | 0.0% | |
| AMERICAN ADVISORS GROUP | $480,000 | $185,000 | -61.5% | 0.0% |
| First Volunteer Bank | $175,000 | n/a | 0.0% | |
| Quontic Bank | $175,000 | n/a | 0.0% | |
| River Bank & Trust | $175,000 | n/a | 0.0% | |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $440,000 | $175,000 | -60.2% | 0.0% |
| A&D Mortgage LLC | $165,000 | n/a | 0.0% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $165,000 | n/a | 0.0% | |
| First Home Bank | $480,000 | $165,000 | -65.6% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $625,000 | $165,000 | -73.6% | 0.0% |
| Alcova Mortgage LLC | $155,000 | n/a | 0.0% | |
| COMMUNITY MORTGAGE CORPORATION | $545,000 | $155,000 | -71.6% | 0.0% |
| FAY SERVICING, LLC | $155,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $155,000 | n/a | 0.0% | |
| METROPLEX MORTGAGE SERVICES, INC. | $155,000 | n/a | 0.0% | |
| Secured Investment Corp. | $150,000 | n/a | 0.0% | |
| CREDIT UNION OF GEORGIA | $145,000 | n/a | 0.0% | |
| Farm Credit Mid-America, ACA | $1,020,000 | $145,000 | -85.8% | 0.0% |
| First Federal Bank | $175,000 | $145,000 | -17.1% | 0.0% |
| MORIA DEVELOPMENT, INC. | $145,000 | n/a | 0.0% | |
| Brighton Bank | $135,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $135,000 | n/a | 0.0% | |
| ITHINK FINANCIAL Credit Union | $135,000 | n/a | 0.0% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $125,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $115,000 | n/a | 0.0% | |
| The Bank of Brodhead | $115,000 | n/a | 0.0% | |
| FORT FINANCIAL Federal Credit Union | $105,000 | n/a | 0.0% | |
| Hancock Whitney Bank | $105,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $105,000 | n/a | 0.0% | |
| Simmons Bank | $105,000 | n/a | 0.0% | |
| St Charles Bank & Trust | $95,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $115,000 | $85,000 | -26.1% | 0.0% |
| ARC HOME LLC | $85,000 | n/a | 0.0% | |
| FINANCE OF AMERICA MORTGAGE LLC | $350,000 | $85,000 | -75.7% | 0.0% |
| GEORGIA'S OWN | $85,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $75,000 | n/a | 0.0% | |
| AMERICA'S FIRST | $35,000 | $65,000 | 85.7% | 0.0% |
| S1L, Inc. | $65,000 | n/a | 0.0% | |
| Total Media Management, LLC | $145,000 | $65,000 | -55.2% | 0.0% |
| Community Bank of Mississippi | $205,000 | $45,000 | -78.0% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $45,000 | n/a | 0.0% | |
| Family Security Credit Union | $550,000 | $35,000 | -93.6% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% |
FLORENCE - MUSCLE SHOALS's top lender by overall market share is Listerhill Credit Union, with 12.8% market share. In second place, with 11.9%, is Bank Independent, having originated $92,540,000 in loans. In third place, with 6.3%, is Trustmark National Bank, having originated $49,165,000 in loans. In fourth place, with 4.9%, is First Metro Bank, having originated $38,200,000 in loans. In fifth place, with 4.7%, is QUICKEN LOANS, LLC, having originated $36,910,000 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 | $540 | $590 | $770 | $960 | $1,200 |
| 35610 | Florence-Muscle Shoals, AL | $540 | $630 | $760 | $990 | $1,250 |
| 35614 | Florence-Muscle Shoals, AL | $560 | $660 | $780 | $1,030 | $1,250 |
| 35616 | Florence-Muscle Shoals, AL | $540 | $590 | $770 | $960 | $1,200 |
| 35630 | Florence-Muscle Shoals, AL | $520 | $570 | $750 | $930 | $1,170 |
| 35631 | Florence-Muscle Shoals, AL | $520 | $570 | $740 | $920 | $1,160 |
| 35633 | Florence-Muscle Shoals, AL | $620 | $670 | $880 | $1,100 | $1,370 |
| 35634 | Florence-Muscle Shoals, AL | $610 | $670 | $870 | $1,080 | $1,360 |
| 35645 | Florence-Muscle Shoals, AL | $500 | $550 | $720 | $900 | $1,120 |
| 35646 | Florence-Muscle Shoals, AL | $490 | $540 | $710 | $880 | $1,100 |
| 35648 | Florence-Muscle Shoals, AL | $490 | $540 | $710 | $880 | $1,100 |
| 35652 | Florence-Muscle Shoals, AL | $580 | $640 | $830 | $1,030 | $1,300 |
| 35653 | Florence-Muscle Shoals, AL | $500 | $540 | $710 | $880 | $1,110 |
| 35654 | Florence-Muscle Shoals, AL | $490 | $540 | $710 | $880 | $1,100 |
| 35660 | Florence-Muscle Shoals, AL | $520 | $570 | $750 | $930 | $1,170 |
| 35661 | Florence-Muscle Shoals, AL | $620 | $670 | $880 | $1,100 | $1,370 |
| 35672 | Florence-Muscle Shoals, AL | $540 | $580 | $710 | $920 | $1,100 |
| 35674 | Florence-Muscle Shoals, AL | $530 | $580 | $760 | $950 | $1,190 |
| 35677 | Florence-Muscle Shoals, AL | $650 | $710 | $930 | $1,160 | $1,450 |
| 38852 | Florence-Muscle Shoals, AL | $540 | $590 | $770 | $960 | $1,200 |
2022 Average & Median Rent Data Statistics
FLORENCE-MUSCLE SHOALS, AL average 1BR rent: $600, median: $585
FLORENCE-MUSCLE SHOALS, AL average 2BR rent: $776, median: $760
FLORENCE-MUSCLE SHOALS, AL average 3BR rent: $972, median: $955
FLORENCE-MUSCLE SHOALS, AL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,147 | $459,285,000 | $213,919 |
| Refi | 841 | $147,685,000 | $175,606 |
| Cash Out Refi | 758 | $125,960,000 | $166,174 |
| Other | 242 | $24,180,000 | $99,917 |
| Home Improvement | 239 | $20,135,000 | $84,247 |
Florence - Muscle Shoals's most frequently cited loan purpose was Home Purchase, with 2,147 originations. The 2nd most popular reason was Refi, with 841 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,092 | $214,370,000 | $196,310 |
| 5-6% | 866 | $157,460,000 | $181,824 |
| 4-5% | 849 | $163,585,000 | $192,680 |
| 6-7% | 388 | $61,970,000 | $159,716 |
| 2.5-3% | 270 | $51,700,000 | $191,481 |
| 7-8% | 152 | $21,040,000 | $138,421 |
| <2.5% | 137 | $17,525,000 | $127,920 |
| Over 8% | 79 | $5,595,000 | $70,823 |
During 2022, Florence - Muscle Shoals's most frequently originated rate bucket was 3-4%, with 1,092 originations.
Loan Sizing (FLORENCE-MUSCLE SHOALS, AL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,630 | $234,580,000 | $143,914 |
| $100,000 or less | 1,278 | $73,790,000 | $57,739 |
| $200k-400k | 1,052 | $284,480,000 | $270,418 |
| $400k-600k | 171 | $81,165,000 | $474,649 |
| $600k-1000k | 69 | $49,515,000 | $717,609 |
| $Over $1MM | 27 | $53,715,000 | $1,989,444 |
FLORENCE - MUSCLE SHOALS's loan sizing saw the bucket of loans from $100k-200k with 1,630 originations, totaling $234,580,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,629 | $356,765,000 | $219,009 |
| 60-80% | 1,000 | $192,920,000 | $192,920 |
| 40-60% | 465 | $78,365,000 | $168,527 |
| 20-40% | 355 | $32,765,000 | $92,296 |
| Under 20% | 314 | $13,010,000 | $41,433 |
| Over 100% | 56 | $17,900,000 | $319,643 |
FLORENCE - MUSCLE SHOALS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,629 originations, totaling $356,765,000 in origination value.