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 6.81% for the week of 2025-06-18, compared to the national average of 6.81% for the same period.

The average rate for the prior week (2025-06-12) was 6.94% and one month ago for the week of 2025-05-15, the average rate was 6.61%.

Florence - Muscle Shoals's average rate one year ago was 6.95%.

For refis of the same type during the week of 2025-06-18, the average rate was 7.06%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-06-18 6.81%
Florence - Muscle Shoals 30 Year Fixed Rate 2025-06-18 6.81%
Florence - Muscle Shoals 30 Year Fixed Rate Refi 2025-06-18 7.06%
Florence - Muscle Shoals 15 Year Fixed Rate 2025-06-18 5.76%
Florence - Muscle Shoals 15 Year Fixed Rate Refi 2025-06-18 6.26%
Florence - Muscle Shoals 30 Year FHA 2025-06-18 -0.07%
Florence - Muscle Shoals 30 Year FHA Refi 2025-06-18 0.2%
Florence - Muscle Shoals 30 Year USDA 2025-06-18 0.2%
Florence - Muscle Shoals 30 Year USDA Refi 2025-06-18 -0.2%
Florence - Muscle Shoals 30 Year VA 2025-06-18 0.31%
Florence - Muscle Shoals 30 Year VA Refi 2025-06-18 0%
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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Bank Independent 146 6.73% $4,055
Assurance Financial Group, L.L.C. 71 6.84% $4,243
QUICKEN LOANS, LLC 62 6.71% $5,838
Listerhill Credit Union 58 6.50% $4,767
Trustmark National Bank 57 6.72% $4,087
FIRST COMMUNITY MORTGAGE, INC. 34 6.41% $4,373
TOWNE MORTGAGE COMPANY 26 6.48% $4,966
TVA Community Credit Union 22 6.29% $4,124
First Federal Bank, A FSB 21 6.45% $5,176
JPMorgan Chase Bank 21 6.35% $4,450
MOVEMENT MORTGAGE, LLC 21 6.78% $6,089
UNITED WHOLESALE MORTGAGE, LLC 20 6.64% $5,382
Regions Bank 19 6.65% $5,185
CB&S Bank, Inc. 19 6.87% $3,245
NEWREZ LLC 18 6.56% $5,254
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 6.75% $5,246
Truist 11 6.24% $5,473
River Bank & Trust 11 7.69% $4,479
United Community Bank 10 7.19% $5,236
Wells Fargo Bank 10 6.25% $4,944
MORTGAGE INVESTORS GROUP, INC. 10 5.86% $6,126
FirstBank 9 6.89% $3,846
Renasant Bank 8 6.72% $4,249
U.S. Bank 7 6.27% $2,365
Wolfe Financial, Inc 7 6.61% $6,498
FIRST COLONY MORTGAGE CORPORATION 6 6.71% $5,787
PNC Bank 6 6.56% $4,310
NAVY FEDERAL CREDIT UNION 6 6.63% $5,450
Mr. Cooper ( Nationstar Mortgage ) 6 7.14% $5,849
SOUTHWEST FUNDING, LP 6 6.27% $7,713
GUILD MORTGAGE COMPANY 6 6.60% $6,839
REDSTONE Federal Credit Union 6 6.60% $2,745
Magnolia Bank 5 6.60% $5,066
Alabama Central Credit Union 5 6.85% $2,303
BETTER MORTGAGE CORPORATION 5 7.23% $2,468
VANDERBILT MORTGAGE AND FINANCE, INC. 5 7.88% $6,187
American Mortgage & Equity Consultants, Inc. 5 7.00% $6,777
UNION HOME MORTGAGE CORP. 5 6.57% $5,171
CHURCHILL MORTGAGE CORPORATION 4 6.81% $5,521
21ST MORTGAGE CORPORATION 4 8.40% $5,736
CIS Financial Services, Inc. 4 6.78% $5,481
PHH Mortgage Corporation 4 6.53% $6,388
ZILLOW HOME LOANS, LLC 4 7.03% $3,639
STOCKTON MORTGAGE CORPORATION 3 7.33% $5,148
MORTGAGE ACCESS CORP. 3 7.41% $6,995
LOANDEPOT.COM, LLC 3 6.66% $6,865
BROKER SOLUTIONS, INC. 3 6.75% $7,198
PENNYMAC LOAN SERVICES, LLC 3 6.54% $7,011
Consumer First Mortgage, Inc. 3 6.83% $9,212
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.81% $5,818
Bank of America 2 7.13% $3,004
BancorpSouth 2 6.75% $4,601
Old National Bank 2 6.25% $2,459
CROSSCOUNTRY MORTGAGE, LLC 2 6.62% $6,603
GMFS LLC 2 7.38% $5,892
COMMUNITY MORTGAGE CORPORATION 2 6.13% $12,060
Mortgage Research Center, LLC 2 6.81% $4,544
SouthPoint Bank 2 6.63% $4,681
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.81% $3,246
South State Bank 2 7.69% $4,482
CANOPY MORTGAGE, LLC 2 7.25% $4,496
THE MORTGAGE LINK, INC. 2 7.06% $9,433
TJC Mortgage, Inc. 2 7.06% $2,664
Northpointe Bank 1 5.75% $3,273
NORTHROP GRUMMAN Federal Credit Union 1 6.50% $3,556
PENTAGON FEDERAL CREDIT UNION 1 6.50% $7,516
ALLIANT CREDIT UNION 1 4.75% $11,369
Pinnacle Bank 1 7.75% $2,549
CapStar Bank 1 6.99% $2,802
Capital Bank 1 7.13% $2,975
Bryant Bank 1 6.88% $2,996
RELIANCE FIRST CAPITAL, LLC 1 6.99% $6,022
BM Real Estate Services, Inc. 1 10.38% $7,050
SeaTrust Mortgage Company 1 7.00% $6,588
Simmons Bank 1 8.13% $4,220
BankPlus 1 7.13% $2,596
STANDARD MORTGAGE CORPORATION 1 5.75% $5,203
Synovus Bank 1 5.88% $5,841
The Federal Savings Bank 1 6.88% $4,459
The Loan Store, Inc. 1 6.50% $2,810
Bank of Tennessee 1 7.63% $4,904
ATLANTA POSTAL 1 6.00% $10,046
UBS Bank USA 1 6.38% $4,404
ASCEND FEDERAL CREDIT UNION 1 6.50% $2,031
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 7.75% $8,796
AMERISAVE MORTGAGE CORPORATION 1 7.13% $5,004
USAA Federal Savings Bank 1 6.63% $2,293
AMERICA'S FIRST 1 6.25% $4,043
Ally Bank 1 7.00% $6,046
First-Citizens Bank & Trust Company 1 6.50% $3,492
Flagstar Bank, FSB 1 5.63% $6,852
Granite Community Bank 1 7.25% $6,458
GUARANTEED RATE, INC. 1 6.93% $3,729
Fifth Third Bank 1 6.38% $3,669
Hamilton Mortgage Corporation 1 7.63% $5,460
HOMESIDE FINANCIAL, LLC 1 8.13% $5,524
HOMEXPRESS MORTGAGE CORP. 1 8.88% $6,606
EMM LOANS LLC 1 8.63% $12,902
LCNB National Bank 1 7.38% $3,596
Leader Bank 1 6.99% $3,184
LENOX FINANCIAL MORTGAGE CORPORATION 1 6.88% $3,396
EASTMAN 1 6.88% $3,001
Discover Bank 1 7.31% $0
Morgan Stanley Private Bank 1 6.10% $3,491
DIGITAL Federal Credit Union 1 5.63% $5,244
Nations Lending Corporation 1 5.63% $6,870
NATIONS RELIABLE LENDING, LLC 1 7.63% $4,739
NBKC BANK 1 7.13% $5,405
Century Mortgage Company DBA Century Lending Company 1 5.99% $7,244
NFM, INC. 1 7.63% $2,781

FLORENCE - MUSCLE SHOALS Average Closing Costs & Other Stats

FLORENCE-MUSCLE SHOALS, AL's 110 lenders originated 3,304 loans during 2024. The total origination value was $617,420,000, with an average loan value of $186,870.

FLORENCE - MUSCLE SHOALS's average closing costs are $4,544.

The top FLORENCE - MUSCLE SHOALS lender as defined by loan originations is Bank Independent, with 146 loans originated. Their average total fees are $4,055, which is $188 lower than the next largest lender, Assurance Financial Group, L.L.C..

The lowest fee FLORENCE - MUSCLE SHOALS lenders (with over 10 loans originated) are CB&S Bank, Inc. ($3,245), Bank Independent ($4,055), Trustmark National Bank ($4,087), TVA Community Credit Union ($4,124) and Assurance Financial Group, L.L.C. ($4,243).

The lowest rate FLORENCE - MUSCLE SHOALS lenders (with over 10 loans originated) are MORTGAGE INVESTORS GROUP, INC. (5.86%), Truist (6.24%), Wells Fargo Bank (6.25%), TVA Community Credit Union (6.29%) and JPMorgan Chase Bank (6.35%).

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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
Bank Independent $71,510,000 $80,875,000 13.1% 13.1%
Trustmark National Bank $41,425,000 $39,865,000 -3.8% 6.5%
Assurance Financial Group, L.L.C. $25,160,000 $34,860,000 38.6% 5.6%
QUICKEN LOANS, LLC $29,060,000 $32,355,000 11.3% 5.2%
Listerhill Credit Union $31,545,000 $29,330,000 -7.0% 4.8%
CB&S Bank, Inc. $21,765,000 $25,650,000 17.8% 4.2%
United Community Bank $11,360,000 $20,005,000 76.1% 3.2%
Regions Bank $24,730,000 $19,010,000 -23.1% 3.1%
TOWNE MORTGAGE COMPANY $470,000 $14,330,000 2,948.9% 2.3%
First Metro Bank $16,400,000 $13,890,000 -15.3% 2.2%
UNITED WHOLESALE MORTGAGE, LLC $12,055,000 $13,395,000 11.1% 2.2%
Mortgage Research Center, LLC $10,425,000 $12,095,000 16.0% 2.0%
FIRST COMMUNITY MORTGAGE, INC. $4,270,000 $11,690,000 173.8% 1.9%
MOVEMENT MORTGAGE, LLC $4,465,000 $11,335,000 153.9% 1.8%
First Federal Bank, A FSB $14,225,000 $9,655,000 -32.1% 1.6%
Renasant Bank $9,640,000 $9,570,000 -0.7% 1.5%
First Southern Bank $12,140,000 $9,450,000 -22.2% 1.5%
River Bank & Trust $5,365,000 $7,640,000 42.4% 1.2%
TVA Community Credit Union $10,780,000 $6,695,000 -37.9% 1.1%
Wolfe Financial, Inc $5,420,000 $6,665,000 23.0% 1.1%
SOUTHWEST FUNDING, LP $5,955,000 n/a 1.0%
NEWREZ LLC $3,605,000 $5,785,000 60.5% 0.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $19,510,000 $5,525,000 -71.7% 0.9%
FREEDOM MORTGAGE CORPORATION $2,870,000 $5,280,000 84.0% 0.9%
JPMorgan Chase Bank $3,090,000 $5,055,000 63.6% 0.8%
PENNYMAC LOAN SERVICES, LLC $3,830,000 $5,020,000 31.1% 0.8%
21ST MORTGAGE CORPORATION $4,190,000 $4,765,000 13.7% 0.8%
REDSTONE Federal Credit Union $3,110,000 $4,755,000 52.9% 0.8%
Truist $2,845,000 $4,535,000 59.4% 0.7%
FirstBank $3,835,000 $4,475,000 16.7% 0.7%
MORTGAGE INVESTORS GROUP, INC. $6,805,000 $4,385,000 -35.6% 0.7%
PNC Bank $4,005,000 $3,875,000 -3.2% 0.6%
LOANDEPOT.COM, LLC $2,925,000 $3,855,000 31.8% 0.6%
BROKER SOLUTIONS, INC. $3,750,000 $3,740,000 -0.3% 0.6%
Consumer First Mortgage, Inc. $4,875,000 $3,605,000 -26.1% 0.6%
NAVY FEDERAL CREDIT UNION $4,150,000 $3,560,000 -14.2% 0.6%
Alabama Central Credit Union $6,315,000 $3,535,000 -44.0% 0.6%
USAA Federal Savings Bank $1,190,000 $3,515,000 195.4% 0.6%
GUILD MORTGAGE COMPANY $3,145,000 $3,490,000 11.0% 0.6%
Flagstar Bank, FSB $620,000 $3,475,000 460.5% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $3,300,000 $3,235,000 -2.0% 0.5%
American Mortgage & Equity Consultants, Inc. $4,810,000 $3,110,000 -35.3% 0.5%
VILLAGE CAPITAL MORTGAGE $445,000 $2,970,000 567.4% 0.5%
Wells Fargo Bank $2,495,000 $2,870,000 15.0% 0.5%
PeoplesTrust Bank $2,625,000 $2,845,000 8.4% 0.5%
PLANET HOME LENDING, LLC $640,000 $2,810,000 339.1% 0.5%
UNION HOME MORTGAGE CORP. $2,315,000 $2,690,000 16.2% 0.4%
CROSSCOUNTRY MORTGAGE, LLC $2,285,000 $2,600,000 13.8% 0.4%
CIS Financial Services, Inc. $2,210,000 $2,400,000 8.6% 0.4%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,655,000 $2,350,000 42.0% 0.4%
STOCKTON MORTGAGE CORPORATION $65,000 $2,250,000 3,361.5% 0.4%
U.S. Bank $3,025,000 $2,220,000 -26.6% 0.4%
Bryant Bank $205,000 $1,870,000 812.2% 0.3%
GMFS LLC $1,880,000 $1,790,000 -4.8% 0.3%
Synovus Bank $1,110,000 $1,700,000 53.2% 0.3%
Magnolia Bank $595,000 $1,695,000 184.9% 0.3%
Farm Credit Mid-America, ACA $1,540,000 n/a 0.2%
South State Bank $2,755,000 $1,520,000 -44.8% 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,765,000 $1,455,000 -17.6% 0.2%
NEW DAY FINANCIAL, LLC $965,000 $1,410,000 46.1% 0.2%
LAKEVIEW LOAN SERVICING, LLC $860,000 $1,250,000 45.3% 0.2%
CHURCHILL MORTGAGE CORPORATION $410,000 $1,180,000 187.8% 0.2%
Pinnacle Bank $1,505,000 $1,170,000 -22.3% 0.2%
FIRST COLONY MORTGAGE CORPORATION $255,000 $1,160,000 354.9% 0.2%
MORTGAGE SOLUTIONS OF COLORADO, LLC $835,000 $1,150,000 37.7% 0.2%
PHH Mortgage Corporation $1,735,000 $1,145,000 -34.0% 0.2%
SeaTrust Mortgage Company $1,145,000 n/a 0.2%
First National Bank of Pulaski $2,390,000 $1,135,000 -52.5% 0.2%
TJC Mortgage, Inc. $1,585,000 $1,095,000 -30.9% 0.2%
GUARANTEED RATE, INC. $1,770,000 $1,090,000 -38.4% 0.2%
First National Bank $310,000 $1,045,000 237.1% 0.2%
MORTGAGE ACCESS CORP. $1,040,000 n/a 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $640,000 $1,030,000 60.9% 0.2%
UBS Bank USA $965,000 n/a 0.2%
ROYAL UNITED MORTGAGE LLC $705,000 $945,000 34.0% 0.2%
Equity Prime Mortgage LLC $900,000 $935,000 3.9% 0.2%
BankPlus $875,000 $865,000 -1.1% 0.1%
BETTER MORTGAGE CORPORATION $655,000 $855,000 30.5% 0.1%
FIRST TECHNOLOGY $845,000 n/a 0.1%
BancorpSouth $1,165,000 $835,000 -28.3% 0.1%
SouthPoint Bank $975,000 $835,000 -14.4% 0.1%
COMMUNITY MORTGAGE CORPORATION $255,000 $825,000 223.5% 0.1%
Northpointe Bank $165,000 $825,000 400.0% 0.1%
MILEND, INC. $545,000 $815,000 49.5% 0.1%
ZILLOW HOME LOANS, LLC $545,000 $800,000 46.8% 0.1%
AmeriHome Mortgage Company, LLC $115,000 $785,000 582.6% 0.1%
Carrington Mortgage Services, LLC $1,285,000 $765,000 -40.5% 0.1%
Hamilton Mortgage Corporation $260,000 $735,000 182.7% 0.1%
TRIAD FINANCIAL SERVICES, INC. $150,000 $730,000 386.7% 0.1%
Coastal Community Bank $570,000 $715,000 25.4% 0.1%
Figure Lending LLC $220,000 $675,000 206.8% 0.1%
American Mortgage Bank, LLC $645,000 n/a 0.1%
EVANSVILLE TEACHERS $685,000 $645,000 -5.8% 0.1%
Century Mortgage Company DBA Century Lending Company $315,000 $640,000 103.2% 0.1%
LCNB National Bank $635,000 n/a 0.1%
LEADERONE FINANCIAL CORPORATION $2,700,000 $625,000 -76.9% 0.1%
AMERISAVE MORTGAGE CORPORATION $2,910,000 $620,000 -78.7% 0.1%
PENTAGON FEDERAL CREDIT UNION $215,000 $620,000 188.4% 0.1%
THE MORTGAGE LINK, INC. $480,000 $605,000 26.0% 0.1%
ISERVE RESIDENTIAL LENDING, LLC $855,000 $600,000 -29.8% 0.1%
TOP FLITE FINANCIAL, INC. $65,000 $580,000 792.3% 0.1%
Morgan Stanley Private Bank $545,000 $575,000 5.5% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $185,000 $565,000 205.4% 0.1%
NBKC BANK $365,000 $565,000 54.8% 0.1%
BankFirst Financial Services $430,000 $555,000 29.1% 0.1%
Prosperity Home Mortgage, LLC $680,000 $555,000 -18.4% 0.1%
The Federal Savings Bank $745,000 $555,000 -25.5% 0.1%
Bank of America $600,000 $530,000 -11.7% 0.1%
Discover Bank $1,660,000 $510,000 -69.3% 0.1%
STANDARD MORTGAGE CORPORATION $495,000 n/a 0.1%
CSL Financial, LLC $315,000 $490,000 55.6% 0.1%
Bank of Tennessee $355,000 $485,000 36.6% 0.1%
Ally Bank $475,000 n/a 0.1%
Bethpage Federal Credit Union $460,000 n/a 0.1%
Fifth Third Bank $125,000 $445,000 256.0% 0.1%
Nations Lending Corporation $145,000 $430,000 196.6% 0.1%
RELIANCE FIRST CAPITAL, LLC $135,000 $430,000 218.5% 0.1%
Oakstar Bank $415,000 n/a 0.1%
ABSOLUTE HOME MORTGAGE CORPORATION $590,000 $410,000 -30.5% 0.1%
CANOPY MORTGAGE, LLC $405,000 n/a 0.1%
First Federal Bank $275,000 $405,000 47.3% 0.1%
Granite Community Bank $395,000 n/a 0.1%
Old National Bank $390,000 n/a 0.1%
CMG MORTGAGE, INC. $1,835,000 $385,000 -79.0% 0.1%
EMM LOANS LLC $175,000 $385,000 120.0% 0.1%
SOUTHWEST STAGE FUNDING, LLC $385,000 n/a 0.1%
UIF CORPORATION $385,000 n/a 0.1%
Mid-Continent Funding, Inc. $365,000 n/a 0.1%
Heritage Bank $355,000 n/a 0.1%
SUN WEST MORTGAGE COMPANY, INC. $270,000 $355,000 31.5% 0.1%
Guaranty Bank and Trust Company $345,000 n/a 0.1%
Simmons Bank $345,000 n/a 0.1%
Plains Commerce Bank $800,000 $330,000 -58.8% 0.1%
DIGITAL Federal Credit Union $325,000 n/a 0.1%
LENOX FINANCIAL MORTGAGE CORPORATION $315,000 n/a 0.1%
PriorityOne Bank $315,000 n/a 0.1%
First Farmers and Merchants Bank $230,000 $305,000 32.6% 0.0%
Leader Bank $305,000 n/a 0.0%
West Alabama Bank & Trust $295,000 n/a 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $340,000 $290,000 -14.7% 0.0%
CORNERSTONE HOME LENDING, INC. $165,000 $285,000 72.7% 0.0%
AMERICA'S FIRST $280,000 n/a 0.0%
CapStar Bank $630,000 $280,000 -55.6% 0.0%
GENEVA FINANCIAL, LLC $475,000 $280,000 -41.1% 0.0%
Barrington Bank & Trust Company, N.A. $300,000 $275,000 -8.3% 0.0%
EASTMAN $275,000 n/a 0.0%
Ixonia Bank $270,000 n/a 0.0%
The Loan Store, Inc. $135,000 $270,000 100.0% 0.0%
SUCCESS MORTGAGE PARTNERS, INC. $265,000 n/a 0.0%
Victorian Finance, LLC $135,000 $265,000 96.3% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $260,000 n/a 0.0%
Charles Schwab Bank, SSB $255,000 n/a 0.0%
GUARANTEED RATE AFFINITY, LLC $255,000 n/a 0.0%
ALLIANT CREDIT UNION $245,000 n/a 0.0%
Paramount Residential Mortgage Group, Inc. $165,000 $245,000 48.5% 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $235,000 n/a 0.0%
NFM, INC. $235,000 n/a 0.0%
NORTHROP GRUMMAN Federal Credit Union $235,000 n/a 0.0%
ATLANTA POSTAL $230,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $230,000 n/a 0.0%
PLAZA HOME MORTGAGE, INC. $230,000 n/a 0.0%
Brighton Bank $225,000 n/a 0.0%
CITYWIDE HOME LOANS, LLC $225,000 n/a 0.0%
First Horizon Bank $955,000 $225,000 -76.4% 0.0%
NATIONS RELIABLE LENDING, LLC $220,000 n/a 0.0%
Credence Funding Corporation $215,000 n/a 0.0%
First-Citizens Bank & Trust Company $215,000 n/a 0.0%
LOANPAL, LLC $300,000 $215,000 -28.3% 0.0%
M&T Bank $530,000 $205,000 -61.3% 0.0%
ASCEND FEDERAL CREDIT UNION $195,000 n/a 0.0%
BM Real Estate Services, Inc. $195,000 n/a 0.0%
HOMEOWNERS FINANCIAL GROUP USA, LLC $185,000 n/a 0.0%
Servion, Inc. $185,000 n/a 0.0%
The First, A National Banking Association $185,000 n/a 0.0%
Gulf Coast Bank and Trust Company $175,000 n/a 0.0%
Bank of Dickson $155,000 n/a 0.0%
ENDEAVOR CAPITAL, LLC. $155,000 n/a 0.0%
SPRING EQ, LLC $90,000 $155,000 72.2% 0.0%
ALL IN $145,000 n/a 0.0%
Capital Bank $145,000 n/a 0.0%
Service Federal Credit Union $145,000 n/a 0.0%
Citizens Bank & Trust $600,000 $135,000 -77.5% 0.0%
Hometown Equity Mortgage, LLC $135,000 n/a 0.0%
Citizens Bank $1,015,000 $130,000 -87.2% 0.0%
EVERETT FINANCIAL, INC. $890,000 $130,000 -85.4% 0.0%
EvaBank $345,000 $125,000 -63.8% 0.0%
HOMESIDE FINANCIAL, LLC $1,420,000 $105,000 -92.6% 0.0%
HOMEXPRESS MORTGAGE CORP. $105,000 $105,000 0.0% 0.0%
SUMMIT FUNDING, INC. $490,000 $105,000 -78.6% 0.0%
First National Bank of America $95,000 n/a 0.0%
First State Bank of the South, Inc. $85,000 $95,000 11.8% 0.0%
USAlliance Federal Credit Union $95,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $85,000 n/a 0.0%
GEORGIA'S OWN $75,000 n/a 0.0%
LAND HOME FINANCIAL SERVICES, INC. $75,000 n/a 0.0%
SOUTHPOINT FINANCIAL SERVICES, INC. $370,000 $75,000 -79.7% 0.0%
AMERICAN FINANCING CORPORATION $340,000 $65,000 -80.9% 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $55,000 n/a 0.0%
APCI Federal Credit Union $45,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $75,000 $45,000 -40.0% 0.0%
Premier Bank of the South $5,000 n/a 0.0%

FLORENCE - MUSCLE SHOALS's top lender by overall market share is Bank Independent, with 13.1% market share. In second place, with 6.5%, is Trustmark National Bank, having originated $39,865,000 in loans. In third place, with 5.6%, is Assurance Financial Group, L.L.C., having originated $34,860,000 in loans. In fourth place, with 5.2%, is QUICKEN LOANS, LLC, having originated $32,355,000 in loans. In fifth place, with 4.8%, is Listerhill Credit Union, having originated $29,330,000 in loans.

FLORENCE-MUSCLE SHOALS, AL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,791 $401,245,000 $224,034
Refi 562 $103,480,000 $184,128
Cash Out Refi 475 $70,765,000 $148,979
Other 261 $24,325,000 $93,199
Home Improvement 215 $17,605,000 $81,884

Florence - Muscle Shoals's most frequently cited loan purpose was Home Purchase, with 1,791 originations. The 2nd most popular reason was Refi, with 562 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,254 $268,830,000 $214,378
Over 8% 653 $66,065,000 $101,172
7-8% 560 $105,970,000 $189,232
5-6% 486 $101,050,000 $207,922
3-4% 91 $10,905,000 $119,835
4-5% 26 $5,830,000 $224,231
<2.5% 6 $2,660,000 $443,333
2.5-3% 3 $675,000 $225,000

During 2024, Florence - Muscle Shoals's most frequently originated rate bucket was 6-7%, with 1,254 originations.

Loan Sizing (FLORENCE-MUSCLE SHOALS, AL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 1,093 $162,705,000 $148,861
$100,000 or less 1,068 $55,750,000 $52,200
$200k-400k 935 $255,845,000 $273,631
$400k-600k 151 $69,845,000 $462,550
$600k-1000k 43 $31,305,000 $728,023
$Over $1MM 14 $41,970,000 $2,997,857

FLORENCE - MUSCLE SHOALS's loan sizing saw the bucket of loans from $100k-200k with 1,093 originations, totaling $162,705,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,263 $293,095,000 $232,063
60-80% 599 $137,075,000 $228,840
20-40% 412 $39,280,000 $95,340
Under 20% 412 $17,210,000 $41,772
40-60% 311 $55,575,000 $178,698
Over 100% 39 $10,475,000 $268,590

FLORENCE - MUSCLE SHOALS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,263 originations, totaling $293,095,000 in origination value.