FLORENCE - MUSCLE SHOALS Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within FLORENCE-MUSCLE SHOALS, AL.

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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Listerhill Credit Union 238 4.36% $2,520
Bank Independent 123 4.94% $4,161
Trustmark National Bank 115 4.99% $3,000
QUICKEN LOANS, LLC 88 4.87% $6,252
First Federal Bank, A FSB 75 4.82% $4,557
Assurance Financial Group, L.L.C. 65 5.18% $4,043
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 56 4.64% $4,381
Regions Bank 52 4.47% $4,732
FIRST COMMUNITY MORTGAGE, INC. 49 4.41% $3,992
TVA Community Credit Union 43 3.75% $2,281
Progress Bank and Trust 35 5.13% $4,316
Wells Fargo Bank 21 4.80% $3,596
CB&S Bank, Inc. 19 5.10% $2,871
Renasant Bank 18 4.30% $4,035
UNITED WHOLESALE MORTGAGE, LLC 18 5.55% $4,982
LOANDEPOT.COM, LLC 17 4.68% $5,790
Wolfe Financial, Inc 15 5.51% $5,808
MORTGAGE INVESTORS GROUP, INC. 12 4.47% $4,481
SOUTHWEST FUNDING, LP 12 4.76% $5,844
REDSTONE Federal Credit Union 12 5.92% $2,243
FirstBank 11 5.40% $5,305
MOVEMENT MORTGAGE, LLC 11 5.07% $3,764
UNION HOME MORTGAGE CORP. 11 5.77% $4,129
JPMorgan Chase Bank 10 4.35% $2,337
AMERISAVE MORTGAGE CORPORATION 9 4.01% $6,406
Hometown Lenders, Inc. 8 4.86% $5,440
Truist 7 4.89% $5,087
BETTER MORTGAGE CORPORATION 7 4.48% $2,671
Consumer First Mortgage, Inc. 7 4.77% $5,329
PNC Bank 6 4.42% $4,210
First Horizon Bank 6 4.25% $3,540
GUILD MORTGAGE COMPANY 6 4.87% $5,629
PENNYMAC LOAN SERVICES, LLC 6 4.81% $10,648
Flagstar Bank, FSB 6 4.02% $4,251
BROKER SOLUTIONS, INC. 6 5.27% $4,592
NEWREZ LLC 5 5.75% $3,864
BancorpSouth 5 4.43% $4,009
AMERICAN FINANCING CORPORATION 5 4.40% $3,970
EVERETT FINANCIAL, INC. 5 5.95% $1,668
ROYAL UNITED MORTGAGE LLC 5 5.50% $7,166
HOME POINT FINANCIAL CORPORATION 5 4.82% $7,162
Northpointe Bank 4 5.53% $4,758
GoPrime Mortgage, Inc. 4 5.22% $6,479
LAKEVIEW LOAN SERVICING, LLC 4 4.40% $3,577
Citizens Bank 4 3.88% $3,703
CIS Financial Services, Inc. 4 5.56% $5,224
ZILLOW HOME LOANS, LLC 4 5.06% $3,833
CHURCHILL MORTGAGE CORPORATION 4 4.50% $3,497
Mr. Cooper ( Nationstar Mortgage ) 4 4.25% $6,993
Discover Bank 3 5.60% $0
RELIANCE FIRST CAPITAL, LLC 3 4.91% $8,081
U.S. Bank 3 4.00% $2,577
Synovus Bank 3 3.88% $3,755
VANDERBILT MORTGAGE AND FINANCE, INC. 3 5.75% $4,472
GUARANTY HOME MORTGAGE CORPORATION 3 5.21% $5,427
CERTAINTY HOME LOANS, LLC 3 4.32% $5,261
GENEVA FINANCIAL, LLC 2 5.19% $4,221
Ally Bank 2 4.44% $5,595
Bank of America 2 6.63% $3,421
Bank of England 2 3.38% $5,177
CARDINAL FINANCIAL 2 5.06% $6,130
CMG MORTGAGE, INC. 2 5.94% $6,671
First Farmers and Merchants Bank 2 5.13% $2,789
FREEDOM MORTGAGE CORPORATION 2 4.69% $4,265
GMFS LLC 2 5.38% $2,425
GUARANTEED RATE, INC. 2 5.00% $5,626
Hamilton Mortgage Corporation 2 5.19% $2,940
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.19% $2,871
Mortgage Research Center, LLC 2 5.25% $3,859
M&T Bank 2 5.44% $2,882
MUTUAL OF OMAHA MORTGAGE, INC. 2 4.94% $4,682
NAVY FEDERAL CREDIT UNION 2 3.25% $1,754
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.44% $5,165
SWBC MORTGAGE CORPORATION 2 5.19% $1,645
United Community Bank 2 6.31% $3,750
Pinnacle Bank 1 3.88% $2,234
LENOX FINANCIAL MORTGAGE CORPORATION 1 4.50% $4,479
AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $4,095
KELLER MORTGAGE, LLC 1 3.63% $2,935
ITHINK FINANCIAL Credit Union 1 5.75% $2,853
Quontic Bank 1 6.13% $8,514
INTERLINC MORTGAGE SERVICES, LLC 1 4.37% $2,012
Independent Bank 1 6.25% $8,206
Alabama Central Credit Union 1 3.75% $0
FORT FINANCIAL Federal Credit Union 1 3.88% $2,896
RESIDENTIAL BANCORP 1 3.13% $3,544
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 5.75% $3,491
First State Bank of St. Charles, Missouri 1 3.12% $6,168
ServisFirst Bank 1 6.00% $2,747
Simmons Bank 1 3.13% $3,083
SouthPoint Bank 1 6.38% $0
SOUTHPOINT FINANCIAL SERVICES, INC. 1 3.99% $4,812
South State Bank 1 4.25% $8,357
CROSSCOUNTRY MORTGAGE, LLC 1 3.63% $2,893
Strong Home Mortgage, LLC 1 4.50% $4,667
SUCCESS MORTGAGE PARTNERS, INC. 1 7.25% $6,128
Alcova Mortgage LLC 1 7.25% $5,149
Citadel Servicing Corporation 1 11.00% $5,526
The Camden National Bank 1 5.00% $2,734
TJC Mortgage, Inc. 1 7.50% $5,718
CHERRY CREEK MORTGAGE, LLC 1 3.37% $1,275
CapStar Bank 1 7.00% $3,177
CALIBER HOME LOANS, INC. 1 6.63% $3,514
UBS Bank USA 1 4.50% $2,871
ARC HOME LLC 1 7.13% $6,623
AlaTrust Credit Union 1 3.99% $3,279
APCO EMPLOYEES 1 3.75% $3,077
USAA Federal Savings Bank 1 5.50% $5,715
Ameris Bank 1 3.50% $2,113
US MORTGAGE CORPORATION 1 6.13% $4,133
AMERIFIRST FINANCIAL CORPORATION 1 5.88% $3,660
VAN DYK MORTGAGE CORPORATION 1 3.88% $4,396
MORTGAGE ACCESS CORP. 1 3.99% $3,291
MORIA DEVELOPMENT, INC. 1 5.50% $3,022
PENTAGON FEDERAL CREDIT UNION 1 4.50% $2,603

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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For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
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.