FLORENCE Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Florence averaged
6.77%
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
6.9% and
one month ago for the week of 2025-05-15, the
average rate was 6.87%.
Florence's average rate one year ago was 7.11%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.11%.
FLORENCE 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, SC market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
FLORENCE Average Closing Costs & Other Stats
FLORENCE, SC's 114 lenders originated 3,071
loans during 2024. The total origination value was $603,295,000, with an average loan value of
$196,449.
FLORENCE's average closing costs are $5,600.
The top FLORENCE lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with
86 loans originated. Their average total fees are
$5,928, which is $266
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee FLORENCE lenders (with over 10 loans originated) are
JPMorgan Chase Bank ($1,977), SAFE FEDERAL CREDIT UNION ($3,303), First Reliance Bank ($4,195), First-Citizens Bank & Trust Company ($4,735) and INSPIRE HOME LOANS INC. ($4,741).
The lowest rate FLORENCE lenders (with over 10 loans originated) are
SAFE FEDERAL CREDIT UNION (6.19%), INSPIRE HOME LOANS INC. (6.29%), First Reliance Bank (6.40%), RESOURCE FINANCIAL SERVICES, INC. (6.60%) and MORTGAGE EQUITY PARTNERS LLC (6.62%).
FLORENCE, SC 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 |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $31,410,000 | $42,955,000 | 36.8% | 7.1% |
| MOVEMENT MORTGAGE, LLC | $38,620,000 | $39,205,000 | 1.5% | 6.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $20,850,000 | $25,555,000 | 22.6% | 4.2% |
| First Reliance Bank | $21,500,000 | $24,745,000 | 15.1% | 4.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $20,760,000 | $24,680,000 | 18.9% | 4.1% |
| First-Citizens Bank & Trust Company | $17,480,000 | $23,380,000 | 33.8% | 3.9% |
| Mortgage Research Center, LLC | $13,220,000 | $20,960,000 | 58.5% | 3.5% |
| INSPIRE HOME LOANS INC. | $12,760,000 | $20,285,000 | 59.0% | 3.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $10,760,000 | $19,630,000 | 82.4% | 3.3% |
| The Citizens Bank | $18,375,000 | $15,320,000 | -16.6% | 2.5% |
| SAFE FEDERAL CREDIT UNION | $8,090,000 | $13,465,000 | 66.4% | 2.2% |
| Magnolia Bank | $9,685,000 | $12,530,000 | 29.4% | 2.1% |
| CMG MORTGAGE, INC. | $9,525,000 | $12,170,000 | 27.8% | 2.0% |
| FBC MORTGAGE, LLC | $14,605,000 | $11,075,000 | -24.2% | 1.8% |
| 21ST MORTGAGE CORPORATION | $7,300,000 | $10,215,000 | 39.9% | 1.7% |
| Carolina Bank & Trust | $27,135,000 | $10,125,000 | -62.7% | 1.7% |
| GSF Mortgage Corporation | $8,385,000 | $9,615,000 | 14.7% | 1.6% |
| RESOURCE FINANCIAL SERVICES, INC. | $3,290,000 | $9,050,000 | 175.1% | 1.5% |
| First Bank | $20,965,000 | $9,020,000 | -57.0% | 1.5% |
| South State Bank | $9,825,000 | $8,210,000 | -16.4% | 1.4% |
| FREEDOM MORTGAGE CORPORATION | $3,205,000 | $7,960,000 | 148.4% | 1.3% |
| PENNYMAC LOAN SERVICES, LLC | $4,345,000 | $7,335,000 | 68.8% | 1.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $6,230,000 | $6,490,000 | 4.2% | 1.1% |
| GUARANTEED RATE, INC. | $4,370,000 | $5,895,000 | 34.9% | 1.0% |
| MORTGAGE EQUITY PARTNERS LLC | $5,830,000 | n/a | 1.0% | |
| NAVY FEDERAL CREDIT UNION | $3,640,000 | $5,810,000 | 59.6% | 1.0% |
| Truist | $7,785,000 | $5,260,000 | -32.4% | 0.9% |
| UNION HOME MORTGAGE CORP. | $4,205,000 | $4,830,000 | 14.9% | 0.8% |
| SUN WEST MORTGAGE COMPANY, INC. | $5,480,000 | $4,505,000 | -17.8% | 0.7% |
| LOANDEPOT.COM, LLC | $6,395,000 | $4,320,000 | -32.4% | 0.7% |
| VILLAGE CAPITAL MORTGAGE | $1,550,000 | $4,255,000 | 174.5% | 0.7% |
| Equity Prime Mortgage LLC | $1,405,000 | $4,140,000 | 194.7% | 0.7% |
| Wells Fargo Bank | $6,415,000 | $4,000,000 | -37.6% | 0.7% |
| SOUTH CAROLINA FEDERAL CREDIT UNION | $2,030,000 | $3,830,000 | 88.7% | 0.6% |
| DHI MORTGAGE COMPANY, LTD. | $1,860,000 | $3,565,000 | 91.7% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,820,000 | $3,550,000 | -7.1% | 0.6% |
| Flagstar Bank, FSB | $230,000 | $3,545,000 | 1,441.3% | 0.6% |
| Anderson Brothers Bank | $4,600,000 | $3,475,000 | -24.5% | 0.6% |
| CBRE MULTIFAMILY CAPITAL, INC. | $3,315,000 | n/a | 0.5% | |
| GUILD MORTGAGE COMPANY | $3,950,000 | $3,095,000 | -21.6% | 0.5% |
| BROKER SOLUTIONS, INC. | $2,170,000 | $2,945,000 | 35.7% | 0.5% |
| BANK OF CLARENDON | $2,420,000 | $2,930,000 | 21.1% | 0.5% |
| Bank of America | $1,360,000 | $2,810,000 | 106.6% | 0.5% |
| Dedicated Community Bank | $2,660,000 | $2,770,000 | 4.1% | 0.5% |
| NEWREZ LLC | $1,065,000 | $2,740,000 | 157.3% | 0.5% |
| SOUTHWEST STAGE FUNDING, LLC | $2,790,000 | $2,740,000 | -1.8% | 0.5% |
| FOUNDERS FEDERAL CREDIT UNION | $1,785,000 | $2,725,000 | 52.7% | 0.5% |
| JPMorgan Chase Bank | $2,595,000 | $2,700,000 | 4.0% | 0.4% |
| U.S. Bank | $1,290,000 | $2,700,000 | 109.3% | 0.4% |
| USAA Federal Savings Bank | $3,495,000 | $2,680,000 | -23.3% | 0.4% |
| ArborOne, ACA | $5,010,000 | $2,650,000 | -47.1% | 0.4% |
| Synovus Bank | $1,330,000 | $2,645,000 | 98.9% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,545,000 | $2,510,000 | -1.4% | 0.4% |
| SPC Credit Union | $1,575,000 | $2,390,000 | 51.7% | 0.4% |
| Alcova Mortgage LLC | $1,990,000 | $2,365,000 | 18.8% | 0.4% |
| LENDINGHOME FUNDING CORPORATION | $1,645,000 | $2,360,000 | 43.5% | 0.4% |
| AMERICAN FINANCIAL NETWORK, INC. | $2,930,000 | $2,355,000 | -19.6% | 0.4% |
| STATE EMPLOYEES' | $1,980,000 | $2,325,000 | 17.4% | 0.4% |
| TD Bank | $1,595,000 | $2,270,000 | 42.3% | 0.4% |
| First Palmetto Bank | $2,225,000 | $2,210,000 | -0.7% | 0.4% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,550,000 | $2,150,000 | 38.7% | 0.4% |
| HOMESIDE FINANCIAL, LLC | $110,000 | $2,075,000 | 1,786.4% | 0.3% |
| TRIAD FINANCIAL SERVICES, INC. | $1,155,000 | $2,055,000 | 77.9% | 0.3% |
| PNC Bank | $1,810,000 | $1,970,000 | 8.8% | 0.3% |
| S. C. STATE FEDERAL CREDIT UNION | $1,215,000 | $1,935,000 | 59.3% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $1,840,000 | $1,820,000 | -1.1% | 0.3% |
| INTERCOASTAL MORTGAGE COMPANY | $1,925,000 | $1,765,000 | -8.3% | 0.3% |
| Discover Bank | $820,000 | $1,735,000 | 111.6% | 0.3% |
| Blue Ridge Bank | $1,710,000 | $1,705,000 | -0.3% | 0.3% |
| Ameris Bank | $360,000 | $1,610,000 | 347.2% | 0.3% |
| CSL Financial, LLC | $325,000 | $1,580,000 | 386.2% | 0.3% |
| Lakeview Community Capital, LLC | $235,000 | $1,565,000 | 566.0% | 0.3% |
| PENTAGON FEDERAL CREDIT UNION | $1,960,000 | $1,470,000 | -25.0% | 0.2% |
| AgFirst Farm Credit Bank | $840,000 | $1,460,000 | 73.8% | 0.2% |
| Carrington Mortgage Services, LLC | $1,150,000 | $1,440,000 | 25.2% | 0.2% |
| Citizens Bank | $1,130,000 | $1,415,000 | 25.2% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $1,205,000 | $1,365,000 | 13.3% | 0.2% |
| CARDINAL FINANCIAL | $2,250,000 | $1,330,000 | -40.9% | 0.2% |
| SHARONVIEW FEDERAL CREDIT UNION | $1,330,000 | n/a | 0.2% | |
| 1ST SIGNATURE LENDING, LLC | $1,300,000 | $1,290,000 | -0.8% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $475,000 | $1,255,000 | 164.2% | 0.2% |
| T2 FINANCIAL LLC | $515,000 | $1,240,000 | 140.8% | 0.2% |
| American Airlines Federal Credit Union | $1,155,000 | n/a | 0.2% | |
| BMO Harris Bank | $1,155,000 | n/a | 0.2% | |
| First National Bank of Pennsylvania | $215,000 | $1,145,000 | 432.6% | 0.2% |
| The Federal Savings Bank | $380,000 | $1,110,000 | 192.1% | 0.2% |
| NBKC BANK | $875,000 | $1,095,000 | 25.1% | 0.2% |
| NEW DAY FINANCIAL, LLC | $1,270,000 | $1,090,000 | -14.2% | 0.2% |
| AmeriHome Mortgage Company, LLC | $145,000 | $1,075,000 | 641.4% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $815,000 | $1,035,000 | 27.0% | 0.2% |
| MORTGAGE INVESTORS GROUP, INC. | $1,265,000 | $995,000 | -21.3% | 0.2% |
| The Loan Store, Inc. | $730,000 | $905,000 | 24.0% | 0.2% |
| PLANET HOME LENDING, LLC | $365,000 | $720,000 | 97.3% | 0.1% |
| Fifth Third Bank | $710,000 | n/a | 0.1% | |
| First Federal Bank | $255,000 | $705,000 | 176.5% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $695,000 | n/a | 0.1% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $340,000 | $685,000 | 101.5% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $670,000 | $685,000 | 2.2% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $665,000 | n/a | 0.1% | |
| GENEVA FINANCIAL, LLC | $485,000 | $645,000 | 33.0% | 0.1% |
| Goldwater Bank, N.A. | $225,000 | $645,000 | 186.7% | 0.1% |
| ZILLOW HOME LOANS, LLC | $635,000 | n/a | 0.1% | |
| A&D Mortgage LLC | $630,000 | n/a | 0.1% | |
| NEW WAVE LENDING GROUP INC | $630,000 | n/a | 0.1% | |
| LOANPAL, LLC | $390,000 | $615,000 | 57.7% | 0.1% |
| Bell Bank | $610,000 | n/a | 0.1% | |
| FIRST INTEGRITY MORTGAGE SERVICES, INC. | $610,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $445,000 | $600,000 | 34.8% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $155,000 | $600,000 | 287.1% | 0.1% |
| CANOPY MORTGAGE, LLC | $590,000 | n/a | 0.1% | |
| Leader Bank | $245,000 | $565,000 | 130.6% | 0.1% |
| Grow Financial Federal Credit Union | $560,000 | n/a | 0.1% | |
| Figure Lending LLC | $125,000 | $530,000 | 324.0% | 0.1% |
| United Bank | $670,000 | $530,000 | -20.9% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $235,000 | $525,000 | 123.4% | 0.1% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $445,000 | $510,000 | 14.6% | 0.1% |
| EQUITY RESOURCES, INC. | $790,000 | $490,000 | -38.0% | 0.1% |
| NORWICH COMMERCIAL GROUP, INC. | $235,000 | $470,000 | 100.0% | 0.1% |
| AMERICAN FINANCING CORPORATION | $145,000 | $455,000 | 213.8% | 0.1% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $165,000 | $450,000 | 172.7% | 0.1% |
| Cornerstone First Mortgage, Inc | $450,000 | n/a | 0.1% | |
| COUNTRYPLACE MORTGAGE, LTD. | $565,000 | $430,000 | -23.9% | 0.1% |
| MORTGAGE ACCESS CORP. | $905,000 | $430,000 | -52.5% | 0.1% |
| Logan Finance Corporation | $425,000 | n/a | 0.1% | |
| Gateway First Bank | $215,000 | $420,000 | 95.3% | 0.1% |
| MILEND, INC. | $225,000 | $420,000 | 86.7% | 0.1% |
| SENTE MORTGAGE, INC. | $420,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $600,000 | $415,000 | -30.8% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $500,000 | $405,000 | -19.0% | 0.1% |
| Residential Mortgage Solutions, Inc. | $405,000 | n/a | 0.1% | |
| Ixonia Bank | $215,000 | $400,000 | 86.0% | 0.1% |
| Plains Commerce Bank | $400,000 | n/a | 0.1% | |
| CAROLINA ONE MORTGAGE, LLC | $255,000 | $385,000 | 51.0% | 0.1% |
| First Horizon Bank | $385,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $1,005,000 | $385,000 | -61.7% | 0.1% |
| HONDA Federal Credit Union | $1,065,000 | $370,000 | -65.3% | 0.1% |
| Prosperity Home Mortgage, LLC | $560,000 | $370,000 | -33.9% | 0.1% |
| The Central Trust Bank | $185,000 | $365,000 | 97.3% | 0.1% |
| OCEANSIDE MORTGAGE COMPANY | $355,000 | n/a | 0.1% | |
| Nations Lending Corporation | $485,000 | $350,000 | -27.8% | 0.1% |
| AMWEST FUNDING CORP. | $290,000 | $345,000 | 19.0% | 0.1% |
| First Financial Bank | $345,000 | n/a | 0.1% | |
| SOUTHWEST FUNDING, LP | $340,000 | n/a | 0.1% | |
| DIRECT MORTGAGE LOANS, LLC | $330,000 | n/a | 0.1% | |
| Chemung Canal Trust Company | $325,000 | n/a | 0.1% | |
| Old National Bank | $325,000 | n/a | 0.1% | |
| FIRST COMMUNITY MORTGAGE, INC. | $320,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $420,000 | $320,000 | -23.8% | 0.1% |
| ALLIED MORTGAGE GROUP, INC. | $315,000 | n/a | 0.1% | |
| Keystone Funding, Inc. | $315,000 | n/a | 0.1% | |
| Sunflower Bank | $315,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $1,370,000 | $305,000 | -77.7% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $305,000 | n/a | 0.1% | |
| M&T Bank | $285,000 | $295,000 | 3.5% | 0.0% |
| First Heritage Mortgage, LLC | $290,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $245,000 | $285,000 | 16.3% | 0.0% |
| SUMMIT FUNDING, INC. | $6,735,000 | $285,000 | -95.8% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $155,000 | $270,000 | 74.2% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $1,015,000 | $265,000 | -73.9% | 0.0% |
| Pinnacle Bank | $265,000 | n/a | 0.0% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $445,000 | $245,000 | -44.9% | 0.0% |
| NBH Bank | $245,000 | n/a | 0.0% | |
| BETTER MORTGAGE CORPORATION | $940,000 | $240,000 | -74.5% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $525,000 | $240,000 | -54.3% | 0.0% |
| Capital Bank | $235,000 | n/a | 0.0% | |
| First Community Bank | $605,000 | $235,000 | -61.2% | 0.0% |
| TJC Mortgage, Inc. | $125,000 | $230,000 | 84.0% | 0.0% |
| STOCKTON MORTGAGE CORPORATION | $225,000 | n/a | 0.0% | |
| Assurance Financial Group, L.L.C. | $485,000 | $215,000 | -55.7% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $215,000 | n/a | 0.0% | |
| ENVOY MORTGAGE, LTD | $215,000 | n/a | 0.0% | |
| Mid-Continent Funding, Inc. | $215,000 | n/a | 0.0% | |
| Princeton Mortgage Corporation | $215,000 | n/a | 0.0% | |
| PROPONENT Federal Credit Union | $210,000 | n/a | 0.0% | |
| CAROLINA TRUST FEDERAL CREDIT UNION | $55,000 | $205,000 | 272.7% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $205,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $355,000 | $205,000 | -42.3% | 0.0% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $200,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $195,000 | n/a | 0.0% | |
| ONY GLO, INC. | $195,000 | n/a | 0.0% | |
| The Conway National Bank | $45,000 | $195,000 | 333.3% | 0.0% |
| Renasant Bank | $500,000 | $185,000 | -63.0% | 0.0% |
| Trustmark National Bank | $360,000 | $185,000 | -48.6% | 0.0% |
| Ally Bank | $325,000 | $175,000 | -46.2% | 0.0% |
| Commerce Home Mortgage, Inc. | $850,000 | $175,000 | -79.4% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $325,000 | $165,000 | -49.2% | 0.0% |
| LOANLEADERS OF AMERICA, INC. | $165,000 | n/a | 0.0% | |
| MASON MCDUFFIE MORTGAGE CORPORATION | $165,000 | n/a | 0.0% | |
| VERITAS FUNDING, LLC | $165,000 | n/a | 0.0% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $155,000 | n/a | 0.0% | |
| OCMBC, INC. | $155,000 | n/a | 0.0% | |
| Regions Bank | $1,530,000 | $150,000 | -90.2% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $365,000 | $145,000 | -60.3% | 0.0% |
| LENDSURE MORTGAGE CORP. | $135,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $95,000 | $135,000 | 42.1% | 0.0% |
| NATION ONE MORTGAGE CORPORATION | $135,000 | n/a | 0.0% | |
| Peoples Bank | $135,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $135,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $125,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $4,165,000 | $125,000 | -97.0% | 0.0% |
| GEORGIA'S OWN | $120,000 | n/a | 0.0% | |
| INTERLINC MORTGAGE SERVICES, LLC | $160,000 | $120,000 | -25.0% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $115,000 | n/a | 0.0% | |
| FLAT BRANCH MORTGAGE, INC. | $115,000 | n/a | 0.0% | |
| Paramount Bank | $115,000 | n/a | 0.0% | |
| Suncoast Credit Union | $185,000 | $115,000 | -37.8% | 0.0% |
| Boeing Employees Credit Union | $105,000 | $110,000 | 4.8% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $105,000 | n/a | 0.0% | |
| DEVELOPER'S MORTGAGE COMPANY | $85,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $80,000 | n/a | 0.0% | |
| NASA Federal Credit Union | $75,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $75,000 | n/a | 0.0% | |
| United Community Bank | $1,795,000 | $75,000 | -95.8% | 0.0% |
| COASTAL Federal Credit Union | $70,000 | n/a | 0.0% | |
| TOWER | $70,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $65,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $655,000 | $55,000 | -91.6% | 0.0% |
| Fidelity Bank | $55,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $50,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $170,000 | $45,000 | -73.5% | 0.0% |
| Signal Financial Federal Credit Union | $45,000 | n/a | 0.0% | |
| Arthur State Bank | $125,000 | $35,000 | -72.0% | 0.0% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $155,000 | $25,000 | -83.9% | 0.0% |
FLORENCE's top lender by overall market share is QUICKEN LOANS, LLC, with 7.1% market share. In second place, with 6.5%, is MOVEMENT MORTGAGE, LLC, having originated $39,205,000 in loans. In third place, with 4.2%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $25,555,000 in loans. In fourth place, with 4.1%, is First Reliance Bank, having originated $24,745,000 in loans. In fifth place, with 4.1%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $24,680,000 in loans.
FLORENCE, SC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,062 | $438,610,000 | $212,711 |
| Cash Out Refi | 337 | $55,175,000 | $163,724 |
| Refi | 304 | $72,780,000 | $239,408 |
| Other | 193 | $18,215,000 | $94,378 |
| Home Improvement | 174 | $18,340,000 | $105,402 |
| NA | 1 | $175,000 | $175,000 |
Florence's most frequently cited loan purpose was Home Purchase, with 2,062 originations. The 2nd most popular reason was Cash Out Refi, with 337 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,235 | $283,235,000 | $229,340 |
| 5-6% | 513 | $113,715,000 | $221,667 |
| Over 8% | 506 | $57,530,000 | $113,696 |
| 7-8% | 479 | $95,795,000 | $199,990 |
| 4-5% | 85 | $18,545,000 | $218,176 |
| <2.5% | 50 | $480,000 | $9,600 |
| 3-4% | 4 | $860,000 | $215,000 |
During 2024, Florence's most frequently originated rate bucket was 6-7%, with 1,235 originations.
Loan Sizing (FLORENCE, SC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,129 | $303,945,000 | $269,216 |
| $100k-200k | 1,039 | $154,925,000 | $149,110 |
| $100,000 or less | 724 | $40,240,000 | $55,580 |
| $400k-600k | 137 | $64,575,000 | $471,350 |
| $600k-1000k | 36 | $25,440,000 | $706,667 |
| $Over $1MM | 6 | $14,170,000 | $2,361,667 |
FLORENCE's loan sizing saw the bucket of loans from $200k-400k with 1,129 originations, totaling $303,945,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,564 | $365,350,000 | $233,600 |
| 60-80% | 492 | $106,770,000 | $217,012 |
| Under 20% | 275 | $8,885,000 | $32,309 |
| 20-40% | 235 | $27,035,000 | $115,043 |
| 40-60% | 212 | $31,460,000 | $148,396 |
| Over 100% | 40 | $11,200,000 | $280,000 |
FLORENCE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,564 originations, totaling $365,350,000 in origination value.