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 7.09% for the week of 2024-06-06, compared to the national average of 6.99% for the same period.

The average rate for the prior week (2024-05-30) was 7.13% and one month ago for the week of 2024-05-02, the average rate was 7.42%.

Florence - Muscle Shoals's average rate one year ago was 6.89%.

For refis of the same type during the week of 2024-06-06, the average rate was 7.58%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-06 6.99%
Florence - Muscle Shoals 30 Year Fixed Rate 2024-06-06 7.09%
Florence - Muscle Shoals 30 Year Fixed Rate Refi 2024-06-06 7.58%
Florence - Muscle Shoals 15 Year Fixed Rate 2024-06-06 6.39%
Florence - Muscle Shoals 15 Year Fixed Rate Refi 2024-06-06 6.89%
Florence - Muscle Shoals 30 Year FHA 2024-06-06 6.3%
Florence - Muscle Shoals 30 Year FHA Refi 2024-06-06 6.49%
Florence - Muscle Shoals 30 Year USDA 2024-06-06 6.9%
Florence - Muscle Shoals 30 Year USDA Refi 2024-06-06 6.9%
Florence - Muscle Shoals 30 Year VA 2024-06-06 6.5%
Florence - Muscle Shoals 30 Year VA Refi 2024-06-06 6.19%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Trustmark National Bank 99 6.87% $3,273
Bank Independent 70 7.19% $4,235
Listerhill Credit Union 65 6.55% $2,943
Assurance Financial Group, L.L.C. 59 7.00% $4,191
QUICKEN LOANS, LLC 54 6.74% $6,937
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 37 6.61% $4,599
TVA Community Credit Union 29 6.04% $3,618
CB&S Bank, Inc. 28 6.59% $3,340
Regions Bank 26 6.47% $4,607
First Federal Bank, A FSB 26 6.46% $5,252
United Community Bank 22 7.07% $4,275
UNITED WHOLESALE MORTGAGE, LLC 20 6.84% $6,054
FIRST COMMUNITY MORTGAGE, INC. 15 6.56% $3,446
MORTGAGE INVESTORS GROUP, INC. 14 5.17% $4,926
Renasant Bank 13 6.79% $4,993
River Bank & Trust 12 7.24% $4,243
MOVEMENT MORTGAGE, LLC 11 6.72% $4,838
Consumer First Mortgage, Inc. 10 6.75% $4,716
REDSTONE Federal Credit Union 10 7.05% $2,769
JPMorgan Chase Bank 10 6.32% $2,223
FirstBank 9 6.91% $5,582
Wells Fargo Bank 8 6.19% $1,776
NEWREZ LLC 8 6.51% $5,917
PHH Mortgage Corporation 8 7.08% $4,775
GUILD MORTGAGE COMPANY 7 6.71% $5,028
BROKER SOLUTIONS, INC. 7 7.03% $4,634
PNC Bank 7 6.86% $3,375
21ST MORTGAGE CORPORATION 6 7.88% $5,981
American Mortgage & Equity Consultants, Inc. 6 6.54% $5,391
Mr. Cooper ( Nationstar Mortgage ) 6 6.85% $7,794
South State Bank 6 6.96% $9,087
Wolfe Financial, Inc 5 7.08% $6,584
PENNYMAC LOAN SERVICES, LLC 5 6.92% $4,409
GMFS LLC 5 7.03% $5,696
CIS Financial Services, Inc. 4 7.19% $5,636
NAVY FEDERAL CREDIT UNION 4 6.47% $5,057
Alabama Central Credit Union 4 6.63% $0
UNION HOME MORTGAGE CORP. 4 6.41% $5,482
CROSSCOUNTRY MORTGAGE, LLC 4 7.53% $4,844
SouthPoint Bank 3 6.58% $3,262
VANDERBILT MORTGAGE AND FINANCE, INC. 3 7.54% $6,286
Discover Bank 3 6.91% $0
HOMESIDE FINANCIAL, LLC 3 6.54% $7,723
First Horizon Bank 3 7.04% $4,245
AMERISAVE MORTGAGE CORPORATION 3 6.75% $6,867
GUARANTEED RATE, INC. 3 6.52% $5,163
LOANDEPOT.COM, LLC 3 6.75% $7,527
TJC Mortgage, Inc. 3 7.29% $12,200
Truist 3 6.62% $5,759
FREEDOM MORTGAGE CORPORATION 3 7.42% $8,145
BancorpSouth 3 6.38% $3,340
ROYAL UNITED MORTGAGE LLC 3 7.25% $8,496
CMG MORTGAGE, INC. 2 6.74% $5,015
Citizens Bank 2 6.31% $3,404
LEADERONE FINANCIAL CORPORATION 2 6.75% $6,951
Bank of America 2 6.94% $2,681
EVERETT FINANCIAL, INC. 2 7.75% $8,065
Magnolia Bank 2 6.63% $4,233
DEEPHAVEN MORTGAGE LLC 2 8.13% $8,774
SIRVA MORTGAGE, INC. 2 7.50% $758
CHURCHILL MORTGAGE CORPORATION 2 7.50% $8,241
ZILLOW HOME LOANS, LLC 2 6.69% $5,657
Mortgage Research Center, LLC 2 6.81% $1,247
Synovus Bank 2 6.25% $3,179
GUARANTY HOME MORTGAGE CORPORATION 2 6.50% $4,593
AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 6.81% $4,333
Patriot Bank 2 6.81% $3,115
U.S. Bank 2 6.88% $2,682
ALABAMA TEACHERS 1 6.75% $959
USAA Federal Savings Bank 1 5.88% $4,872
EVANSVILLE TEACHERS 1 8.13% $2,795
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.99% $8,256
Evolve Bank & Trust 1 5.63% $3,650
Fifth Third Bank 1 7.00% $4,652
FineMark National Bank & Trust 1 4.25% $4,424
FIRST COLONY MORTGAGE CORPORATION 1 7.38% $7,405
Colony Bank 1 7.50% $3,501
First Farmers and Merchants Bank 1 7.25% $3,102
Colonial Savings, F.A. 1 6.88% $4,126
First Savings Bank 1 7.13% $7,314
GUIDANCE RESIDENTIAL, LLC 1 6.88% $4,756
LOANPAL, LLC 1 6.50% $7,217
MEMBER ONE 1 6.00% $1,787
Metro City Bank 1 7.38% $3,505
Morgan Stanley Private Bank 1 5.80% $3,392
CARDINAL FINANCIAL 1 7.63% $2,751
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.88% $4,245
Nations Lending Corporation 1 7.00% $2,611
Bryant Bank 1 6.00% $3,154
BETTER MORTGAGE CORPORATION 1 6.63% $1,421
Pinnacle Bank 1 5.75% $8,860
PLANET HOME LENDING, LLC 1 6.25% $5,902
Beeline Loans, Inc. 1 6.99% $2,538
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.99% $2,917
Prosperity Home Mortgage, LLC 1 7.25% $3,956
Raymond James Bank 1 5.50% $3,131
Atlantic Union Bank 1 6.88% $12,947
Ameris Bank 1 6.63% $6,893
RUOFF MORTGAGE COMPANY, INC. 1 5.88% $3,990
ServisFirst Bank 1 6.63% $4,302
SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.13% $3,244
STOCKTON MORTGAGE CORPORATION 1 6.88% $3,970
SWBC MORTGAGE CORPORATION 1 6.38% $2,669
TENNESSEE VALLEY 1 5.63% $5,156
The Loan Store, Inc. 1 6.75% $3,420
TOWNE MORTGAGE COMPANY 1 6.63% $6,629
AmeriHome Mortgage Company, LLC 1 6.99% $5,763
AMERICAN FINANCING CORPORATION 1 6.88% $6,952

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 Housing Market Trends (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 $159,900 (6.7%) $222,573 (8.6%) 0.59 767
2018-02-01 $159,925 (6.7%) $222,691 (7.2%) 0.58 774
2018-03-01 $169,900 (6.3%) $227,548 (4.6%) 0.60 736
2018-04-01 $179,950 (9.1%) $251,286 (12.9%) 0.61 751
2018-05-01 $189,000 (17.5%) $272,438 (23.1%) 0.63 759
2018-06-01 $185,000 (15.7%) $270,424 (23.1%) 0.62 757
2018-07-01 $179,900 (10.2%) $268,876 (21.9%) 0.60 777
2018-08-01 $176,950 (5.4%) $267,241 (20.4%) 0.59 774
2018-09-01 $179,400 (6.5%) $263,223 (17.2%) 0.60 789
2018-10-01 $179,925 (9.0%) $259,854 (16.1%) 0.61 800
2018-11-01 $182,913 (12.2%) $263,796 (19.3%) 0.62 799
2018-12-01 $178,950 (8.5%) $259,554 (15.8%) 0.62 787
2019-01-01 $174,800 (9.3%) $233,261 (4.8%) 0.60 734
2019-02-01 $170,950 (6.9%) $229,725 (3.2%) 0.58 742
2019-03-01 $175,707 (3.4%) $231,823 (1.9%) 0.57 733
2019-04-01 $183,575 (2.0%) $239,113 (-4.8%) 0.58 727
2019-05-01 $189,000 (0.0%) $246,167 (-9.6%) 0.59 720
2019-06-01 $193,410 (4.6%) $253,992 (-6.1%) 0.60 718
2019-07-01 $199,900 (11.1%) $265,138 (-1.4%) 0.63 642
2019-08-01 $197,145 (11.4%) $266,518 (-0.3%) 0.62 597
2019-09-01 $193,014 (7.6%) $267,401 (1.6%) 0.62 527
2019-10-01 $189,850 (5.5%) $268,469 (3.3%) 0.61 486
2019-11-01 $183,700 (0.4%) $256,644 (-2.7%) 0.60 502
2019-12-01 $174,900 (-2.3%) $256,048 (-1.4%) 0.58 499
2020-01-01 $176,675 (1.1%) $256,488 (10.0%) 0.59 481
2020-02-01 $184,950 (8.2%) $259,766 (13.1%) 0.61 488
2020-03-01 $189,075 (7.6%) $267,884 (15.6%) 0.59 480
2020-04-01 $189,700 (3.3%) $263,658 (10.3%) 0.59 480
2020-05-01 $209,900 (11.1%) $281,953 (14.5%) 0.64 413
2020-06-01 $229,950 (18.9%) $298,354 (17.5%) 0.68 354
2020-07-01 $220,800 (10.5%) $292,957 (10.5%) 0.64 354
2020-08-01 $209,900 (6.5%) $275,920 (3.5%) 0.60 314
2020-09-01 $207,425 (7.5%) $280,171 (4.8%) 0.59 294
2020-10-01 $199,900 (5.3%) $280,484 (4.5%) 0.57 290
2020-11-01 $192,400 (4.7%) $273,494 (6.6%) 0.56 278
2020-12-01 $189,900 (8.6%) $271,727 (6.1%) 0.56 264
2021-01-01 $194,900 (10.3%) $271,840 (6.0%) 0.58 248
2021-02-01 $184,650 (-0.2%) $263,100 (1.3%) 0.54 226
2021-03-01 $202,725 (7.2%) $270,662 (1.0%) 0.58 196
2021-04-01 $189,450 (-0.1%) $267,647 (1.5%) 0.51 178
2021-05-01 $174,950 (-16.7%) $282,982 (0.4%) 0.46 187
2021-06-01 $189,950 (-17.4%) $299,146 (0.3%) 0.50 214
2021-07-01 $189,900 (-14.0%) $354,161 (20.9%) 0.50 235
2021-08-01 $209,900 (0.0%) $388,954 (41.0%) 0.56 270
2021-09-01 $209,450 (1.0%) $378,519 (35.1%) 0.56 266
2021-10-01 $199,000 (-0.5%) $366,326 (30.6%) 0.53 254
2021-11-01 $201,963 (5.0%) $364,078 (33.1%) 0.54 252
2021-12-01 $199,938 (5.3%) $351,192 (29.2%) 0.54 246
2022-01-01 $209,900 (7.7%) $387,068 (42.4%) 0.57 198
2022-02-01 $216,700 (17.4%) $411,789 (56.5%) 0.56 171
2022-03-01 $199,900 (-1.4%) $391,299 (44.6%) 0.50 181
2022-04-01 $229,900 (21.4%) $443,966 (65.9%) 0.55 176
2022-05-01 $276,725 (58.2%) $453,316 (60.2%) 0.63 217
2022-06-01 $267,450 (40.8%) $405,333 (35.5%) 0.60 256
2022-07-01 $254,995 (34.3%) $386,192 (9.0%) 0.57 292
2022-08-01 $261,950 (24.8%) $372,441 (-4.3%) 0.61 290
2022-09-01 $277,450 (32.5%) $382,810 (1.1%) 0.65 289
2022-10-01 $284,900 (43.2%) $389,521 (6.3%) 0.67 322
2022-11-01 $270,425 (33.9%) $383,295 (5.3%) 0.65 345
2022-12-01 $272,495 (36.3%) $376,016 (7.1%) 0.67 324
2023-01-01 $279,950 (33.4%) $381,996 (-1.3%) 0.69 305
2023-02-01 $294,323 (35.8%) $397,733 (-3.4%) 0.71 273
2023-03-01 $295,973 (48.1%) $403,245 (3.1%) 0.70 276
2023-04-01 $279,900 (21.8%) $379,941 (-14.4%) 0.65 268
2023-05-01 $292,475 (5.7%) $390,375 (-13.9%) 0.66 262
2023-06-01 $299,900 (12.1%) $422,763 (4.3%) 0.67 274
2023-07-01 $314,925 (23.5%) $430,751 (11.5%) 0.72 278
2023-08-01 $299,900 (14.5%) $433,851 (16.5%) 0.69 300
2023-09-01 $312,000 (12.5%) $437,213 (14.2%) 0.73 314
2023-10-01 $302,495 (6.2%) $421,187 (8.1%) 0.71 355
2023-11-01 $299,950 (10.9%) $409,692 (6.9%) 0.71 377
2023-12-01 $289,900 (6.4%) $405,851 (7.9%) 0.71 381
2024-01-01 $293,750 (4.9%) $409,972 (7.3%) 0.72 365
2024-02-01 $299,945 (1.9%) $407,861 (2.6%) 0.72 334
2024-03-01 $291,250 (-1.6%) $383,928 (-4.8%) 0.69 356
2024-04-01 $306,175 (9.4%) $415,623 (9.4%) 0.71 377
2024-05-01 $337,150 (15.3%) $439,125 (12.5%) 0.76 393
FLORENCE - MUSCLE SHOALS's median listing price for 2024-05-01 was $337,150, a difference of $44,675 (15.3%) versus the prior year and $30,975 versus the prior month.

FLORENCE - MUSCLE SHOALS's median listing price comes in at 76% of the national average.

FLORENCE - MUSCLE SHOALS's average listing price for 2024-05-01 was $439,125, a difference of $48,750 (12.5%) versus the prior year and $23,502 versus the prior month.

For the 2024-05-01 period, FLORENCE - MUSCLE SHOALS had 393 MLS listings, a difference of 16 listings (4%) versus the prior month and 131 listings (50%) 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 85 days 2,000 sqft
2018-02-01 81 days 2,000 sqft
2018-03-01 75 days 1,990 sqft
2018-04-01 72 days 2,025 sqft
2018-05-01 71 days 2,036 sqft
2018-06-01 71 days 2,030 sqft
2018-07-01 76 days 2,028 sqft
2018-08-01 70 days 2,045 sqft
2018-09-01 68 days 2,047 sqft
2018-10-01 74 days 2,044 sqft
2018-11-01 83 days 2,068 sqft
2018-12-01 93 days 2,022 sqft
2019-01-01 101 days 2,026 sqft
2019-02-01 100 days 2,014 sqft
2019-03-01 89 days 2,017 sqft
2019-04-01 75 days 2,042 sqft
2019-05-01 65 days 2,042 sqft
2019-06-01 65 days 2,100 sqft
2019-07-01 77 days 2,152 sqft
2019-08-01 86 days 2,147 sqft
2019-09-01 92 days 2,126 sqft
2019-10-01 94 days 2,106 sqft
2019-11-01 87 days 2,098 sqft
2019-12-01 73 days 2,000 sqft
2020-01-01 77 days 1,990 sqft
2020-02-01 69 days 2,045 sqft
2020-03-01 61 days 2,026 sqft
2020-04-01 65 days 1,999 sqft
2020-05-01 66 days 2,120 sqft
2020-06-01 64 days 2,235 sqft
2020-07-01 58 days 2,211 sqft
2020-08-01 45 days 2,142 sqft
2020-09-01 49 days 2,082 sqft
2020-10-01 42 days 2,029 sqft
2020-11-01 47 days 1,959 sqft
2020-12-01 67 days 1,892 sqft
2021-01-01 68 days 1,894 sqft
2021-02-01 38 days 1,892 sqft
2021-03-01 37 days 1,900 sqft
2021-04-01 29 days 1,900 sqft
2021-05-01 25 days 1,865 sqft
2021-06-01 27 days 1,854 sqft
2021-07-01 33 days 1,844 sqft
2021-08-01 41 days 1,925 sqft
2021-09-01 44 days 1,947 sqft
2021-10-01 47 days 1,907 sqft
2021-11-01 41 days 1,888 sqft
2021-12-01 53 days 1,876 sqft
2022-01-01 65 days 1,850 sqft
2022-02-01 57 days 1,868 sqft
2022-03-01 32 days 1,842 sqft
2022-04-01 36 days 1,819 sqft
2022-05-01 30 days 1,950 sqft
2022-06-01 33 days 1,950 sqft
2022-07-01 39 days 1,985 sqft
2022-08-01 44 days 1,943 sqft
2022-09-01 51 days 1,941 sqft
2022-10-01 40 days 1,938 sqft
2022-11-01 51 days 1,930 sqft
2022-12-01 64 days 1,911 sqft
2023-01-01 76 days 1,941 sqft
2023-02-01 69 days 1,924 sqft
2023-03-01 65 days 1,964 sqft
2023-04-01 60 days 1,970 sqft
2023-05-01 50 days 2,025 sqft
2023-06-01 50 days 2,115 sqft
2023-07-01 52 days 2,217 sqft
2023-08-01 42 days 2,109 sqft
2023-09-01 52 days 2,100 sqft
2023-10-01 47 days 2,054 sqft
2023-11-01 50 days 2,051 sqft
2023-12-01 66 days 2,049 sqft
2024-01-01 77 days 2,043 sqft
2024-02-01 74 days 2,045 sqft
2024-03-01 52 days 2,032 sqft
2024-04-01 47 days 2,038 sqft
2024-05-01 46 days 2,085 sqft
FLORENCE - MUSCLE SHOALS's median listing age (time on market) for 2024-05-01 was 46 days. This is -8% shorter than the same period one year ago.

FLORENCE - MUSCLE SHOALS's median square footage for active listings during the 2024-05-01 period was 2,085 sqft. One year prior, the average listing was 2,025 sqft.

FLORENCE-MUSCLE SHOALS, AL Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

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 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.