FLORENCE - MUSCLE SHOALS Mortgage Rates

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

30 Year Fixed Rate mortgages in Florence - Muscle Shoals averaged 6.04% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6.25% and one month ago for the week of 2022-05-26, the average rate was 5.34%.

Florence - Muscle Shoals's average rate one year ago was 3.09%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.59%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Florence - Muscle Shoals 30 Year Fixed Rate 2022-06-30 6.04%
Florence - Muscle Shoals 30 Year Fixed Rate Refi 2022-06-30 5.59%
Florence - Muscle Shoals 15 Year Fixed Rate 2022-06-30 5.18%
Florence - Muscle Shoals 15 Year Fixed Rate Refi 2022-06-30 5.28%
Florence - Muscle Shoals 30 Year FHA 2022-06-30 5.72%
Florence - Muscle Shoals 30 Year FHA Refi 2022-06-30 5.7%
Florence - Muscle Shoals 30 Year USDA 2022-06-30 5.5%
Florence - Muscle Shoals 30 Year USDA Refi 2022-06-30 5.14%
Florence - Muscle Shoals 30 Year VA 2022-06-30 5.77%
Florence - Muscle Shoals 30 Year VA Refi 2022-06-30 5.38%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Bank Independent 213 3.14% $3,667
Listerhill Credit Union 206 3.40% $2,846
QUICKEN LOANS, LLC 163 3.15% $4,545
Trustmark National Bank 163 3.26% $2,731
First Federal Bank, A FSB 111 2.95% $3,462
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 107 2.90% $3,940
Progress Bank and Trust 98 2.85% $3,461
Assurance Financial Group, L.L.C. 91 3.22% $2,886
Regions Bank 89 3.10% $3,367
Renasant Bank 76 3.15% $2,908
FIRST COMMUNITY MORTGAGE, INC. 68 2.90% $3,684
TVA Community Credit Union 45 3.18% $1,791
MORTGAGE INVESTORS GROUP, INC. 35 3.89% $6,622
CB&S Bank, Inc. 34 3.09% $2,822
LOANDEPOT.COM, LLC 34 3.13% $4,767
Wells Fargo Bank 33 3.25% $2,765
Consumer First Mortgage, Inc. 29 2.76% $4,221
CIS Financial Services, Inc. 28 2.83% $4,692
Wolfe Financial, Inc 22 3.19% $4,816
UNITED WHOLESALE MORTGAGE, LLC 21 3.02% $4,295
REDSTONE Federal Credit Union 18 3.42% $2,780
SOUTHWEST FUNDING, LP 17 3.60% $4,697
GENEVA FINANCIAL, LLC 15 3.45% $3,383
BBVA USA 15 3.27% $3,841
BETTER MORTGAGE CORPORATION 15 3.15% $2,569
Florence Federal Credit Union 13 3.83% $3,586
AMERISAVE MORTGAGE CORPORATION 13 2.76% $5,940
HOME POINT FINANCIAL CORPORATION 12 3.01% $3,838
FirstBank 11 2.94% $6,446
BROKER SOLUTIONS, INC. 11 3.35% $3,579
MOVEMENT MORTGAGE, LLC 11 3.08% $2,158
PENNYMAC LOAN SERVICES, LLC 10 3.21% $5,878
Hometown Lenders, Inc. 9 3.22% $4,367
JPMorgan Chase Bank 8 3.17% $2,804
NEWREZ LLC 7 3.13% $3,092
SouthPoint Bank 7 3.13% $1,659
GUILD MORTGAGE COMPANY 7 3.32% $3,426
Mr. Cooper ( Nationstar Mortgage ) 6 3.48% $3,245
ROYAL UNITED MORTGAGE LLC 6 3.33% $6,139
FREEDOM MORTGAGE CORPORATION 6 3.29% $1,301
Ally Bank 5 2.93% $2,993
CALIBER HOME LOANS, INC. 5 3.27% $3,457
VANDERBILT MORTGAGE AND FINANCE, INC. 5 3.28% $3,143
PNC Bank 5 2.93% $2,479
U.S. Bank 5 3.08% $3,799
Pinnacle Bank 5 3.33% $2,842
AMERICAN FINANCING CORPORATION 4 3.03% $2,780
Bank of America 4 2.81% $4,208
Prosperity Home Mortgage, LLC 4 2.94% $2,813
AMERICAN FINANCIAL NETWORK, INC. 4 3.28% $7,626
Truist Bank 4 3.07% $3,714
HOMESIDE FINANCIAL, LLC 4 3.16% $3,626
Synovus Bank 3 2.88% $4,957
Bryant Bank 3 3.00% $3,970
CROSSCOUNTRY MORTGAGE, LLC 3 3.04% $4,735
First Guaranty Mortgage Corporation 3 3.17% $2,873
First Horizon Bank 3 3.00% $3,184
Gateway First Bank 3 3.04% $1,888
GMFS LLC 3 3.46% $2,455
InterContinental Capital Group, Inc 3 3.13% $3,187
Leaders Credit Union 3 3.13% $2,254
NAVY FEDERAL CREDIT UNION 3 3.83% $3,149
Paramount Residential Mortgage Group, Inc. 3 3.67% $4,477
PENTAGON FEDERAL CREDIT UNION 3 2.71% $1,067
Reliant Bank 3 4.21% $3,536
South State Bank 3 3.00% $3,992
Stifel Bank and Trust 2 2.81% $1,687
Fifth Third Bank 2 2.69% $4,397
SUN WEST MORTGAGE COMPANY, INC. 2 3.10% $2,102
ACOPIA, LLC 2 3.18% $3,327
Citizens Bank 2 3.12% $4,209
CHURCHILL MORTGAGE CORPORATION 2 3.19% $3,397
TJC Mortgage, Inc. 2 3.50% $3,112
First Farmers and Merchants Bank 2 3.13% $2,874
Triumph Bank 2 3.09% $2,310
Wyndham Capital Mortgage, Inc. 2 2.94% $1,363
Flagstar Bank, FSB 2 3.07% $3,482
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.13% $2,355
AMERICAN INTERNET MORTGAGE, INC. 2 2.75% $4,171
MILEND, INC. 2 3.25% $5,178
EVANSVILLE TEACHERS 2 3.31% $2,635
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.25% $3,064
BancorpSouth Bank 2 3.25% $2,926
Nations Lending Corporation 2 2.75% $4,947
PHH Mortgage Corporation 2 3.19% $5,624
SOVEREIGN LENDING GROUP INCORPORATED 2 3.69% $4,318
Devon Bank 1 2.75% $2,985
PREMIA MORTGAGE, LLC 1 3.38% $0
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.25% $4,829
DELMAR FINANCIAL COMPANY 1 2.88% $3,359
COMMUNITY MORTGAGE CORPORATION 1 2.63% $3,935
City National Bank 1 2.74% $2,826
RELIANCE FIRST CAPITAL, LLC 1 3.63% $2,262
CERTAINTY HOME LOANS, LLC 1 2.99% $5,854
ServisFirst Bank 1 3.00% $2,428
Southern Bank 1 3.38% $2,338
Cadence Bank, N.A. 1 3.13% $5,151
SOUTHPOINT FINANCIAL SERVICES, INC. 1 3.75% $3,522
ZILLOW HOME LOANS, LLC 1 3.25% $2,804
BNC National Bank 1 4.00% $2,641
Strong Home Mortgage, LLC 1 2.63% $2,118
TIAA, FSB 1 2.99% $2,735
TIB The Independent Bankersbank 1 3.38% $2,399
Total Media Management, LLC 1 3.25% $4,490
BAY EQUITY LLC 1 3.38% $2,836
Truity Federal Credit Union 1 2.75% $1,795
BANKSOUTH MORTGAGE COMPANY, LLC 1 2.75% $16,534
BankPlus 1 2.75% $2,429
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 4.00% $2,858
GUARANTEED RATE, INC. 1 2.75% $2,603
GUARANTEED RATE AFFINITY, LLC 1 2.88% $879
INTERLINC MORTGAGE SERVICES, LLC 1 3.25% $5,227
Grow Financial Federal Credit Union 1 3.13% $2,873
Arvest Bank 1 2.88% $4,256
LEADERONE FINANCIAL CORPORATION 1 3.12% $4,851
Legends Bank 1 3.13% $2,603
LENDERFI, INC. 1 3.00% $1,008
GoPrime Mortgage, Inc. 1 3.38% $2,843
Magnolia Bank 1 3.12% $3,674
First Home Bank 1 2.88% $9,914
Mortgage Research Center, LLC 1 2.75% $2,750
First Citizens National Bank 1 3.38% $2,685
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.88% $3,704
Ameris Bank 1 3.25% $3,005
NBH Bank 1 3.38% $2,899
NBKC BANK 1 2.99% $1,534
NEW DAY FINANCIAL, LLC 1 2.50% $2,257
Northpointe Bank 1 3.25% $2,251
NORTHROP GRUMMAN Federal Credit Union 1 3.13% $3,470
Patriot Bank 1 2.38% $2,145
Alabama One Credit Union 1 3.38% $3,162
Eco Credit Union 1 3.75% $4,536
PLANET HOME LENDING, LLC 1 3.38% $3,151
PLAZA HOME MORTGAGE, INC. 1 3.49% $2,471

FLORENCE-MUSCLE SHOALS, AL's 134 lenders originated 5,635 loans during 2021. The total origination value was $1,009,535,000, with an average loan value of $179,154.

The top FLORENCE - MUSCLE SHOALS lender as defined by loan originations is Bank Independent, with 213 loans originated. Their average total fees are $3,667, which is $821 higher than the next largest lender, Listerhill Credit Union.

The lowest fee FLORENCE - MUSCLE SHOALS lenders (with over 10 loans originated) are TVA Community Credit Union ($1,791), MOVEMENT MORTGAGE, LLC ($2,158), BETTER MORTGAGE CORPORATION ($2,569), Trustmark National Bank ($2,731) and Wells Fargo Bank ($2,765).

The lowest rate FLORENCE - MUSCLE SHOALS lenders (with over 10 loans originated) are AMERISAVE MORTGAGE CORPORATION (2.76%), Consumer First Mortgage, Inc. (2.76%), CIS Financial Services, Inc. (2.83%), Progress Bank and Trust (2.85%) and FIRST COMMUNITY MORTGAGE, INC. (2.90%).

FLORENCE-MUSCLE SHOALS, AL Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Bank Independent $114,480,000 $106,300,000 -7.1% 10.5%
Listerhill Credit Union $48,225,000 $72,180,000 49.7% 7.1%
Trustmark National Bank $68,010,000 $68,435,000 0.6% 6.8%
QUICKEN LOANS, LLC $61,555,000 $67,985,000 10.4% 6.7%
First Metro Bank $26,400,000 $53,995,000 104.5% 5.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $43,695,000 $47,665,000 9.1% 4.7%
Regions Bank $51,470,000 $47,375,000 -8.0% 4.7%
Progress Bank and Trust $52,120,000 $38,955,000 -25.3% 3.9%
First Federal Bank, A FSB $36,925,000 $35,510,000 -3.8% 3.5%
Assurance Financial Group, L.L.C. $42,610,000 $34,890,000 -18.1% 3.5%
Renasant Bank $32,980,000 $28,495,000 -13.6% 2.8%
FIRST COMMUNITY MORTGAGE, INC. $16,725,000 $22,180,000 32.6% 2.2%
FREEDOM MORTGAGE CORPORATION $18,030,000 $22,050,000 22.3% 2.2%
FirstBank $8,440,000 $20,445,000 142.2% 2.0%
MORTGAGE INVESTORS GROUP, INC. $19,740,000 $17,245,000 -12.6% 1.7%
First Southern Bank $16,600,000 $16,685,000 0.5% 1.7%
Mortgage Research Center, LLC $10,885,000 $14,065,000 29.2% 1.4%
LOANDEPOT.COM, LLC $7,145,000 $13,460,000 88.4% 1.3%
Wolfe Financial, Inc $10,830,000 $13,330,000 23.1% 1.3%
CB&S Bank, Inc. $15,535,000 $11,915,000 -23.3% 1.2%
CIS Financial Services, Inc. $10,030,000 $11,855,000 18.2% 1.2%
TVA Community Credit Union $7,265,000 $11,170,000 53.8% 1.1%
Wells Fargo Bank $8,525,000 $10,340,000 21.3% 1.0%
UNITED WHOLESALE MORTGAGE, LLC $8,655,000 $8,955,000 3.5% 0.9%
SOUTHWEST FUNDING, LP $7,265,000 $8,870,000 22.1% 0.9%
PENNYMAC LOAN SERVICES, LLC $4,055,000 $8,755,000 115.9% 0.9%
Consumer First Mortgage, Inc. $4,830,000 $8,040,000 66.5% 0.8%
REDSTONE Federal Credit Union $4,970,000 $6,580,000 32.4% 0.7%
BBVA USA $13,050,000 $6,460,000 -50.5% 0.6%
HOME POINT FINANCIAL CORPORATION $3,310,000 $6,230,000 88.2% 0.6%
AMERISAVE MORTGAGE CORPORATION $5,600,000 $5,155,000 -7.9% 0.5%
BETTER MORTGAGE CORPORATION $2,370,000 $4,905,000 107.0% 0.5%
GENEVA FINANCIAL, LLC $1,245,000 $4,395,000 253.0% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $6,910,000 $4,075,000 -41.0% 0.4%
Florence Federal Credit Union $5,580,000 $3,760,000 -32.6% 0.4%
NAVY FEDERAL CREDIT UNION $3,030,000 $3,720,000 22.8% 0.4%
First Horizon Bank $720,000 $3,695,000 413.2% 0.4%
GUILD MORTGAGE COMPANY $565,000 $3,570,000 531.9% 0.4%
CALIBER HOME LOANS, INC. $1,890,000 $3,475,000 83.9% 0.3%
USAA Federal Savings Bank $2,820,000 $3,445,000 22.2% 0.3%
LAKEVIEW LOAN SERVICING, LLC $2,150,000 $3,215,000 49.5% 0.3%
JPMorgan Chase Bank $2,995,000 $3,170,000 5.8% 0.3%
Pinnacle Bank $905,000 $3,050,000 237.0% 0.3%
MOVEMENT MORTGAGE, LLC $225,000 $2,885,000 1,182.2% 0.3%
Truist Bank $4,315,000 $2,805,000 -35.0% 0.3%
NEW DAY FINANCIAL, LLC $3,650,000 $2,800,000 -23.3% 0.3%
Hometown Lenders, Inc. $2,310,000 $2,735,000 18.4% 0.3%
Bank of America $1,805,000 $2,580,000 42.9% 0.3%
NEWREZ LLC $3,065,000 $2,545,000 -17.0% 0.3%
U.S. Bank $565,000 $2,535,000 348.7% 0.3%
SouthPoint Bank $6,290,000 $2,260,000 -64.1% 0.2%
21ST MORTGAGE CORPORATION $2,360,000 $2,190,000 -7.2% 0.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,740,000 $2,185,000 25.6% 0.2%
Paramount Residential Mortgage Group, Inc. $680,000 $2,045,000 200.7% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $1,155,000 $1,960,000 69.7% 0.2%
PENTAGON FEDERAL CREDIT UNION $1,100,000 $1,945,000 76.8% 0.2%
Synovus Bank $2,865,000 $1,915,000 -33.2% 0.2%
Ally Bank $355,000 $1,905,000 436.6% 0.2%
PNC Bank $2,460,000 $1,870,000 -24.0% 0.2%
BROKER SOLUTIONS, INC. $2,590,000 $1,810,000 -30.1% 0.2%
Gateway First Bank $1,795,000 n/a 0.2%
Flagstar Bank, FSB $555,000 $1,745,000 214.4% 0.2%
Carrington Mortgage Services, LLC $1,455,000 $1,645,000 13.1% 0.2%
First National Bank of Pulaski $1,015,000 $1,530,000 50.7% 0.2%
Northpointe Bank $1,500,000 $1,430,000 -4.7% 0.1%
CMG MORTGAGE, INC. $1,400,000 $1,415,000 1.1% 0.1%
ROYAL UNITED MORTGAGE LLC $415,000 $1,375,000 231.3% 0.1%
CROSSCOUNTRY MORTGAGE, LLC $660,000 $1,260,000 90.9% 0.1%
LEADERONE FINANCIAL CORPORATION $1,265,000 $1,255,000 -0.8% 0.1%
First Option Mortgage, LLC $1,340,000 $1,250,000 -6.7% 0.1%
AMERICAN FINANCING CORPORATION $235,000 $1,245,000 429.8% 0.1%
BancorpSouth Bank $795,000 $1,230,000 54.7% 0.1%
Citizens Bank $1,440,000 $1,230,000 -14.6% 0.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $950,000 $1,135,000 19.5% 0.1%
CHURCHILL MORTGAGE CORPORATION $700,000 $1,110,000 58.6% 0.1%
Reliant Bank $450,000 $1,110,000 146.7% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $270,000 $1,075,000 298.1% 0.1%
Farm Credit Mid-America, ACA $1,020,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $1,015,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $645,000 $970,000 50.4% 0.1%
South State Bank $15,000 $970,000 6,366.7% 0.1%
Prosperity Home Mortgage, LLC $370,000 $960,000 159.5% 0.1%
CERTAINTY HOME LOANS, LLC $530,000 $950,000 79.2% 0.1%
BANKSOUTH MORTGAGE COMPANY, LLC $935,000 n/a 0.1%
GMFS LLC $1,730,000 $930,000 -46.2% 0.1%
First Farmers and Merchants Bank $115,000 $925,000 704.3% 0.1%
Nations Lending Corporation $395,000 $925,000 134.2% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $810,000 $915,000 13.0% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $880,000 n/a 0.1%
PHH Mortgage Corporation $875,000 n/a 0.1%
InterContinental Capital Group, Inc $430,000 $870,000 102.3% 0.1%
ISERVE RESIDENTIAL LENDING, LLC $900,000 $840,000 -6.7% 0.1%
BankPlus $830,000 n/a 0.1%
GUARANTEED RATE, INC. $380,000 $825,000 117.1% 0.1%
Ameris Bank $585,000 $815,000 39.3% 0.1%
BankFirst Financial Services $385,000 $800,000 107.8% 0.1%
Bryant Bank $425,000 $795,000 87.1% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $320,000 $795,000 148.4% 0.1%
ACOPIA, LLC $380,000 $735,000 93.4% 0.1%
MILEND, INC. $730,000 n/a 0.1%
Leaders Credit Union $1,415,000 $720,000 -49.1% 0.1%
Strong Home Mortgage, LLC $710,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $1,060,000 $700,000 -34.0% 0.1%
Stifel Bank and Trust $685,000 n/a 0.1%
EVERETT FINANCIAL, INC. $1,250,000 $680,000 -45.6% 0.1%
The Federal Savings Bank $195,000 $675,000 246.2% 0.1%
Wyndham Capital Mortgage, Inc. $670,000 n/a 0.1%
CLEARPATH LENDING $765,000 $660,000 -13.7% 0.1%
Mid-Continent Funding, Inc. $225,000 $660,000 193.3% 0.1%
North American Savings Bank, F.S.B. $630,000 $650,000 3.2% 0.1%
Triumph Bank $3,225,000 $650,000 -79.8% 0.1%
PLANET HOME LENDING, LLC $325,000 $645,000 98.5% 0.1%
Cadence Bank, N.A. $215,000 $640,000 197.7% 0.1%
NATIONS DIRECT MORTGAGE, LLC $240,000 $625,000 160.4% 0.1%
NFM, INC. $615,000 n/a 0.1%
GoPrime Mortgage, Inc. $1,340,000 $570,000 -57.5% 0.1%
Family Security Credit Union $90,000 $550,000 511.1% 0.1%
AMERICAN INTERNET MORTGAGE, INC. $350,000 $545,000 55.7% 0.1%
COMMUNITY MORTGAGE CORPORATION $425,000 $545,000 28.2% 0.1%
Guaranty Bank and Trust Company $545,000 n/a 0.1%
Arvest Bank $260,000 $530,000 103.8% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $440,000 $530,000 20.5% 0.1%
First Citizens National Bank $560,000 $525,000 -6.3% 0.1%
Fifth Third Bank $510,000 $520,000 2.0% 0.1%
EvaBank $635,000 $500,000 -21.3% 0.0%
RELIANCE FIRST CAPITAL, LLC $1,565,000 $490,000 -68.7% 0.0%
AMERICAN ADVISORS GROUP $230,000 $480,000 108.7% 0.0%
First Home Bank $480,000 n/a 0.0%
GUARANTEED RATE AFFINITY, LLC $475,000 n/a 0.0%
Hamilton Mortgage Corporation $660,000 $455,000 -31.1% 0.0%
INTERLINC MORTGAGE SERVICES, LLC $925,000 $440,000 -52.4% 0.0%
SOUTHPOINT FINANCIAL SERVICES, INC. $165,000 $440,000 166.7% 0.0%
SPRING EQ, LLC $220,000 $425,000 93.2% 0.0%
ACCELERATE MORTGAGE, LLC $410,000 n/a 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $610,000 $405,000 -33.6% 0.0%
First Guaranty Mortgage Corporation $1,060,000 $400,000 -62.3% 0.0%
KS StateBank $690,000 $395,000 -42.8% 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $390,000 n/a 0.0%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $385,000 n/a 0.0%
LENDERFI, INC. $380,000 n/a 0.0%
Magnolia Bank $835,000 $380,000 -54.5% 0.0%
Farmers Bank & Trust $365,000 $375,000 2.7% 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $135,000 $365,000 170.4% 0.0%
FINANCE OF AMERICA MORTGAGE LLC $165,000 $350,000 112.1% 0.0%
THE MORTGAGE FIRM, INC. $345,000 n/a 0.0%
Traditions Bank $85,000 $345,000 305.9% 0.0%
TJC Mortgage, Inc. $1,230,000 $340,000 -72.4% 0.0%
KeyBank $335,000 n/a 0.0%
Low VA Rates, LLC $270,000 $335,000 24.1% 0.0%
VAN DYK MORTGAGE CORPORATION $335,000 n/a 0.0%
SUCCESS MORTGAGE PARTNERS, INC. $150,000 $330,000 120.0% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $460,000 $320,000 -30.4% 0.0%
Sunflower Bank $305,000 n/a 0.0%
TOWNE MORTGAGE COMPANY $85,000 $295,000 247.1% 0.0%
Eco Credit Union $285,000 n/a 0.0%
NBKC BANK $515,000 $285,000 -44.7% 0.0%
SOUTHWEST STAGE FUNDING, LLC $65,000 $280,000 330.8% 0.0%
DELMAR FINANCIAL COMPANY $275,000 n/a 0.0%
SOFI LENDING CORP. $270,000 n/a 0.0%
Southern Bank $265,000 n/a 0.0%
SIRVA MORTGAGE, INC. $755,000 $255,000 -66.2% 0.0%
MICHIGAN MUTUAL, INC. $250,000 n/a 0.0%
Legends Bank $245,000 n/a 0.0%
TIB The Independent Bankersbank $225,000 n/a 0.0%
PLAZA HOME MORTGAGE, INC. $145,000 $215,000 48.3% 0.0%
EVANSVILLE TEACHERS $210,000 n/a 0.0%
CELEBRITY HOME LOANS, LLC $275,000 $205,000 -25.5% 0.0%
Community Bank of Mississippi $205,000 n/a 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $205,000 n/a 0.0%
CHERRY CREEK MORTGAGE, LLC $195,000 n/a 0.0%
Devon Bank $195,000 n/a 0.0%
Eagle Bank and Trust Company $195,000 n/a 0.0%
PREMIA MORTGAGE, LLC $195,000 n/a 0.0%
Republic Bank & Trust Company $195,000 n/a 0.0%
STOCKTON MORTGAGE CORPORATION $395,000 $195,000 -50.6% 0.0%
CRESCENT MORTGAGE COMPANY $185,000 n/a 0.0%
TIAA, FSB $185,000 n/a 0.0%
First Federal Bank $740,000 $175,000 -76.4% 0.0%
City National Bank $165,000 n/a 0.0%
CONTOUR MORTGAGE CORPORATION $165,000 n/a 0.0%
Grow Financial Federal Credit Union $165,000 n/a 0.0%
Patriot Bank $165,000 n/a 0.0%
ZILLOW HOME LOANS, LLC $305,000 $165,000 -45.9% 0.0%
Citizens Bank & Trust $2,190,000 $160,000 -92.7% 0.0%
Alabama One Credit Union $155,000 n/a 0.0%
Axos Bank $155,000 n/a 0.0%
Colonial Savings, F.A. $155,000 n/a 0.0%
CSL Financial, LLC $555,000 $155,000 -72.1% 0.0%
MIDLAND MORTGAGE CORPORATION $155,000 n/a 0.0%
BAY EQUITY LLC $145,000 n/a 0.0%
First Jackson Bank, Inc. $145,000 n/a 0.0%
First South Farm Credit, ACA $145,000 n/a 0.0%
MASON MCDUFFIE MORTGAGE CORPORATION $145,000 n/a 0.0%
Total Media Management, LLC $780,000 $145,000 -81.4% 0.0%
EMBRACE HOME LOANS, INC. $545,000 $135,000 -75.2% 0.0%
First National Bank $155,000 $135,000 -12.9% 0.0%
Meridian Bank Corporation $135,000 n/a 0.0%
MID AMERICA MORTGAGE, INC. $135,000 n/a 0.0%
BNC National Bank $550,000 $125,000 -77.3% 0.0%
Colten Mortgage, LLC $125,000 n/a 0.0%
Truity Federal Credit Union $125,000 n/a 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $115,000 $115,000 0.0% 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $115,000 n/a 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $115,000 n/a 0.0%
Heritage Bank & Trust $115,000 n/a 0.0%
Manufacturers and Traders Trust Company $115,000 n/a 0.0%
MMS MORTGAGE SERVICES, LTD. $115,000 n/a 0.0%
NBH Bank $105,000 n/a 0.0%
Premier Bank of the South $55,000 $105,000 90.9% 0.0%
Baxter Credit Union $100,000 n/a 0.0%
Commercial Bank & Trust Co. $95,000 n/a 0.0%
Transportation Federal Credit Union $95,000 n/a 0.0%
A Mortgage Boutique, LLC $85,000 n/a 0.0%
NORTHROP GRUMMAN Federal Credit Union $85,000 n/a 0.0%
ROUNDPOINT MORTGAGE SERVICING CORPORATION $655,000 $85,000 -87.0% 0.0%
TRIAD FINANCIAL SERVICES, INC. $110,000 $75,000 -31.8% 0.0%
Discover Bank $120,000 $70,000 -41.7% 0.0%
1st Franklin Financial Corporation $115,000 $55,000 -52.2% 0.0%
Bank of England $1,165,000 $55,000 -95.3% 0.0%
ServisFirst Bank $55,000 n/a 0.0%
TOGETHER CREDIT UNION $55,000 n/a 0.0%
Sierra Pacific Mortgage Company, Inc. $95,000 $45,000 -52.6% 0.0%
SUPERIOR CHOICE $45,000 n/a 0.0%
The Bank of Missouri $45,000 n/a 0.0%
AMERICA'S FIRST $125,000 $35,000 -72.0% 0.0%
OPEN MORTGAGE, LLC $395,000 $35,000 -91.1% 0.0%
UMB Bank $25,000 n/a 0.0%

FLORENCE - MUSCLE SHOALS's top lender by overall market share is Bank Independent, with 10.5% market share. In second place, with 7.1%, is Listerhill Credit Union, having originated $72,180,000 in loans. In third place, with 6.8%, is Trustmark National Bank, having originated $68,435,000 in loans. In third place, with 6.7%, is QUICKEN LOANS, LLC, having originated $67,985,000 in loans. In third place, with 5.3%, is First Metro Bank, having originated $53,995,000 in loans.


FLORENCE-MUSCLE SHOALS, AL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,487 $508,765,000 $204,570
Refi 1,874 $310,820,000 $165,859
Cash Out Refi 963 $161,195,000 $167,388
Other 182 $19,280,000 $105,934
Home Improvement 129 $9,475,000 $73,450

Florence - Muscle Shoals's most frequently cited loan purpose was Home Purchase, with 2,487 originations. The 2nd most popular reason was Refi, with 1,874 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 1,975 $332,065,000 $168,134
2.5-3% 1,960 $366,220,000 $186,847
<2.5% 937 $182,905,000 $195,203
4-5% 258 $37,510,000 $145,388
5-6% 106 $8,970,000 $84,623
6-7% 48 $2,930,000 $61,042
Over 8% 46 $3,010,000 $65,435
7-8% 22 $1,330,000 $60,455

During 2021, Florence - Muscle Shoals's most frequently originated rate bucket was 3-4%, with 1,975 originations.

Loan Sizing (FLORENCE-MUSCLE SHOALS, AL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 2,425 $351,985,000 $145,148
$100,000 or less 1,519 $96,805,000 $63,729
$200k-400k 1,424 $384,680,000 $270,140
$400k-600k 202 $95,850,000 $474,505
$600k-1000k 47 $34,295,000 $729,681
$Over $1MM 18 $45,920,000 $2,551,111

FLORENCE - MUSCLE SHOALS's loan sizing saw the bucket of loans from $100k-200k with 2,425 originations, totaling $351,985,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,352 $462,580,000 $196,675
60-80% 1,667 $306,865,000 $184,082
40-60% 602 $89,050,000 $147,924
20-40% 314 $29,530,000 $94,045
Under 20% 214 $7,340,000 $34,299
Over 100% 45 $12,525,000 $278,333

FLORENCE - MUSCLE SHOALS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,352 originations, totaling $462,580,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - FLORENCE - MUSCLE SHOALS (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 $160,950 (7.4%) $220,816 (7.1%) 0.59 772
2018-02-01 $159,900 (6.6%) $221,317 (6.3%) 0.58 778
2018-03-01 $169,900 (6.3%) $227,188 (3.7%) 0.59 751
2018-04-01 $184,450 (11.9%) $259,930 (17.0%) 0.62 774
2018-05-01 $189,950 (17.1%) $288,572 (30.6%) 0.63 788
2018-06-01 $189,900 (18.0%) $286,315 (30.4%) 0.63 787
2018-07-01 $182,500 (10.7%) $285,592 (28.7%) 0.61 813
2018-08-01 $177,450 (4.4%) $267,149 (19.4%) 0.59 808
2018-09-01 $178,900 (5.3%) $262,268 (17.1%) 0.60 825
2018-10-01 $179,900 (7.4%) $259,832 (16.7%) 0.60 832
2018-11-01 $179,925 (9.1%) $264,070 (19.9%) 0.60 829
2018-12-01 $179,000 (7.2%) $264,051 (18.7%) 0.61 813
2019-01-01 $177,000 (10.0%) $240,794 (9.1%) 0.61 737
2019-02-01 $178,000 (11.3%) $243,584 (10.1%) 0.60 684
2019-03-01 $181,329 (6.7%) $244,750 (7.7%) 0.59 662
2019-04-01 $189,900 (3.0%) $247,760 (-4.7%) 0.60 761
2019-05-01 $194,950 (2.6%) $254,326 (-11.9%) 0.60 763
2019-06-01 $199,000 (4.8%) $262,510 (-8.3%) 0.61 768
2019-07-01 $199,900 (9.5%) $266,794 (-6.6%) 0.62 743
2019-08-01 $197,329 (11.2%) $268,371 (0.5%) 0.62 729
2019-09-01 $194,329 (8.6%) $268,118 (2.2%) 0.62 699
2019-10-01 $189,900 (5.6%) $269,901 (3.9%) 0.61 685
2019-11-01 $187,800 (4.4%) $261,754 (-0.9%) 0.61 672
2019-12-01 $184,700 (3.2%) $264,155 (0.0%) 0.62 641
2020-01-01 $185,950 (5.1%) $267,501 (11.1%) 0.62 605
2020-02-01 $187,000 (5.1%) $269,665 (10.7%) 0.60 594
2020-03-01 $189,700 (4.6%) $278,878 (13.9%) 0.59 558
2020-04-01 $192,950 (1.6%) $276,353 (11.5%) 0.60 546
2020-05-01 $223,500 (14.6%) $294,638 (15.9%) 0.68 468
2020-06-01 $234,950 (18.1%) $309,688 (18.0%) 0.69 395
2020-07-01 $227,400 (13.8%) $306,303 (14.8%) 0.65 390
2020-08-01 $215,000 (9.0%) $291,443 (8.6%) 0.61 340
2020-09-01 $209,500 (7.8%) $292,842 (9.2%) 0.60 316
2020-10-01 $204,900 (7.9%) $287,038 (6.4%) 0.59 318
2020-11-01 $193,700 (3.1%) $281,026 (7.4%) 0.55 297
2020-12-01 $189,900 (2.8%) $275,399 (4.3%) 0.56 279
2021-01-01 $199,000 (7.0%) $275,656 (3.1%) 0.59 264
2021-02-01 $189,900 (1.6%) $266,187 (-1.3%) 0.55 240
2021-03-01 $219,450 (15.7%) $279,386 (0.2%) 0.62 206
2021-04-01 $199,000 (3.1%) $275,157 (-0.4%) 0.53 189
2021-05-01 $179,900 (-19.5%) $287,243 (-2.5%) 0.47 198
2021-06-01 $194,900 (-17.1%) $304,235 (-1.8%) 0.51 222
2021-07-01 $192,450 (-15.4%) $381,027 (24.4%) 0.50 245
2021-08-01 $219,950 (2.3%) $492,438 (69.0%) 0.58 279
2021-09-01 $224,450 (7.1%) $483,889 (65.2%) 0.59 277
2021-10-01 $203,800 (-0.5%) $475,144 (65.5%) 0.54 265
2021-11-01 $217,400 (12.2%) $445,969 (58.7%) 0.57 265
2021-12-01 $219,000 (15.3%) $456,561 (65.8%) 0.58 263
2022-01-01 $219,900 (10.5%) $502,074 (82.1%) 0.59 209
2022-02-01 $227,200 (19.6%) $524,319 (97.0%) 0.58 180
2022-03-01 $206,000 (-6.1%) $508,915 (82.2%) 0.51 191
2022-04-01 $239,900 (20.6%) $560,131 (103.6%) 0.56 183
2022-05-01 $287,450 (59.8%) $517,141 (80.0%) 0.64 229
2022-06-01 $279,950 (43.6%) $420,605 (38.3%) 0.62 269
FLORENCE - MUSCLE SHOALS's median listing price for 2022-06-01 was $279,950, a difference of $85,050 (43.6%) versus the prior year and $-7,500 versus the prior month.

FLORENCE - MUSCLE SHOALS's median listing price comes in at 62% of the national average.

FLORENCE - MUSCLE SHOALS's average listing price for 2022-06-01 was $420,605, a difference of $116,370 (38.3%) versus the prior year and $-96,536 versus the prior month.

For the 2022-06-01 period, FLORENCE - MUSCLE SHOALS had 269 MLS listings, a difference of 40 listings (17%) versus the prior month and 47 listings (21%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - FLORENCE - MUSCLE SHOALS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 91 days 2,000 sqft
2018-02-01 87 days 2,000 sqft
2018-03-01 83 days 1,972 sqft
2018-04-01 74 days 2,026 sqft
2018-05-01 75 days 2,043 sqft
2018-06-01 75 days 2,035 sqft
2018-07-01 78 days 2,034 sqft
2018-08-01 73 days 2,064 sqft
2018-09-01 72 days 2,050 sqft
2018-10-01 80 days 2,041 sqft
2018-11-01 88 days 2,058 sqft
2018-12-01 99 days 2,022 sqft
2019-01-01 104 days 2,036 sqft
2019-02-01 106 days 2,049 sqft
2019-03-01 115 days 2,044 sqft
2019-04-01 82 days 2,073 sqft
2019-05-01 71 days 2,070 sqft
2019-06-01 67 days 2,140 sqft
2019-07-01 74 days 2,135 sqft
2019-08-01 80 days 2,132 sqft
2019-09-01 79 days 2,127 sqft
2019-10-01 79 days 2,101 sqft
2019-11-01 84 days 2,105 sqft
2019-12-01 89 days 2,047 sqft
2020-01-01 94 days 2,047 sqft
2020-02-01 92 days 2,053 sqft
2020-03-01 79 days 2,013 sqft
2020-04-01 73 days 2,007 sqft
2020-05-01 73 days 2,130 sqft
2020-06-01 71 days 2,290 sqft
2020-07-01 64 days 2,239 sqft
2020-08-01 52 days 2,163 sqft
2020-09-01 56 days 2,120 sqft
2020-10-01 46 days 2,047 sqft
2020-11-01 50 days 1,963 sqft
2020-12-01 70 days 1,900 sqft
2021-01-01 69 days 1,900 sqft
2021-02-01 42 days 1,899 sqft
2021-03-01 44 days 1,932 sqft
2021-04-01 36 days 1,928 sqft
2021-05-01 32 days 1,890 sqft
2021-06-01 30 days 1,895 sqft
2021-07-01 34 days 1,890 sqft
2021-08-01 38 days 1,975 sqft
2021-09-01 49 days 1,982 sqft
2021-10-01 56 days 1,930 sqft
2021-11-01 45 days 1,925 sqft
2021-12-01 51 days 1,884 sqft
2022-01-01 69 days 1,900 sqft
2022-02-01 68 days 1,897 sqft
2022-03-01 36 days 1,859 sqft
2022-04-01 38 days 1,858 sqft
2022-05-01 30 days 1,952 sqft
2022-06-01 37 days 1,995 sqft
FLORENCE - MUSCLE SHOALS's median listing age (time on market) for 2022-06-01 was 37 days. This is 22% longer than the same period one year ago.

FLORENCE - MUSCLE SHOALS's median square footage for active listings during the 2022-06-01 period was 1,995 sqft. One year prior, the average listing was 1,895 sqft.