FLORENCE Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Florence averaged 6.82% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

The average rate for the prior week (2024-04-04) was 6.56% and one month ago for the week of 2024-03-07, the average rate was 6.72%.

Florence's average rate one year ago was 6.02%.

For refis of the same type during the week of 2024-04-11, the average rate was 7.28%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
Florence 30 Year Fixed Rate 2024-04-11 6.82%
Florence 30 Year Fixed Rate Refi 2024-04-11 7.28%
Florence 15 Year Fixed Rate 2024-04-11 5.96%
Florence 15 Year Fixed Rate Refi 2024-04-11 6.36%
Florence 30 Year FHA 2024-04-11 6.82%
Florence 30 Year FHA Refi 2024-04-11 6.64%
Florence 30 Year USDA 2024-04-11 6.51%
Florence 30 Year USDA Refi 2024-04-11 6.81%
Florence 30 Year VA 2024-04-11 6.64%
Florence 30 Year VA Refi 2024-04-11 6.57%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within FLORENCE, SC.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
MOVEMENT MORTGAGE, LLC 99 6.68% $6,015
QUICKEN LOANS, LLC 67 7.00% $6,267
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 42 7.04% $5,903
First Reliance Bank 40 6.38% $4,321
CROSSCOUNTRY MORTGAGE, LLC 29 6.92% $5,415
SAFE FEDERAL CREDIT UNION 28 5.82% $3,285
First-Citizens Bank & Trust Company 26 6.21% $4,267
South State Bank 22 6.37% $5,139
Wells Fargo Bank 20 6.13% $4,053
GSF Mortgage Corporation 18 6.59% $7,175
Magnolia Bank 16 6.75% $8,878
UNITED WHOLESALE MORTGAGE, LLC 12 6.90% $7,912
INSPIRE HOME LOANS INC. 11 6.22% $5,563
First Bank 10 6.37% $5,797
Mr. Cooper ( Nationstar Mortgage ) 9 6.71% $6,352
JPMorgan Chase Bank 9 6.57% $4,483
ArborOne, ACA 8 8.81% $3,979
SOUTH CAROLINA FEDERAL CREDIT UNION 8 6.50% $5,733
Truist 8 6.84% $5,424
NAVY FEDERAL CREDIT UNION 8 7.81% $4,368
FOUNDERS FEDERAL CREDIT UNION 7 6.29% $4,188
LOANDEPOT.COM, LLC 7 6.25% $7,342
STATE EMPLOYEES' 7 5.98% $4,470
UNION HOME MORTGAGE CORP. 6 6.85% $5,926
Anderson Brothers Bank 6 7.25% $5,368
RESOURCE FINANCIAL SERVICES, INC. 6 6.89% $4,866
First Palmetto Bank 5 6.80% $5,147
Blue Ridge Bank 5 7.20% $4,557
CMG MORTGAGE, INC. 5 6.92% $7,848
GUARANTEED RATE, INC. 5 6.87% $7,011
GUILD MORTGAGE COMPANY 5 6.90% $5,566
PENNYMAC LOAN SERVICES, LLC 5 6.75% $5,443
PROVIDENT FUNDING ASSOCIATES, L.P. 5 6.88% $4,218
SUMMIT FUNDING, INC. 5 6.25% $10,592
U.S. Bank 5 6.68% $5,216
Bank of America 4 6.31% $3,617
United Community Bank 4 7.13% $6,212
PREMIA MORTGAGE, LLC 4 6.78% $1
BETTER MORTGAGE CORPORATION 4 6.34% $4,192
FBC MORTGAGE, LLC 4 5.50% $7,496
INTERCOASTAL MORTGAGE COMPANY 4 7.02% $5,366
The Loan Store, Inc. 4 6.66% $5,196
PREMIER LENDING, INC. 4 7.22% $6,631
21ST MORTGAGE CORPORATION 4 8.44% $6,419
TD Bank 3 6.13% $3,903
NBKC BANK 3 6.75% $3,812
VANDERBILT MORTGAGE AND FINANCE, INC. 3 8.88% $2,453
Regions Bank 3 6.71% $8,450
RELIANCE FIRST CAPITAL, LLC 3 7.29% $4,982
ROYAL UNITED MORTGAGE LLC 3 7.67% $4,571
DHI MORTGAGE COMPANY, LTD. 3 5.96% $2,590
MORTGAGE ACCESS CORP. 3 7.08% $4,821
MORTGAGE INVESTORS GROUP, INC. 3 4.54% $6,060
BROKER SOLUTIONS, INC. 3 6.38% $6,480
EVERETT FINANCIAL, INC. 3 7.21% $8,135
PNC Bank 3 7.50% $5,328
Alcova Mortgage LLC 3 7.71% $6,838
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.21% $4,991
HONDA Federal Credit Union 2 6.69% $3,378
PENTAGON FEDERAL CREDIT UNION 2 5.81% $2,360
USAA Federal Savings Bank 2 7.50% $4,361
Trustmark National Bank 2 7.13% $4,455
Countybank 2 6.69% $3,098
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.81% $5,448
FREEDOM MORTGAGE CORPORATION 2 6.50% $8,822
AgFirst Farm Credit Bank 2 6.38% $5,975
CHURCHILL MORTGAGE CORPORATION 2 6.94% $4,832
CALIBER HOME LOANS, INC. 2 6.50% $5,385
Citizens Bank 2 6.63% $5,927
T2 FINANCIAL LLC 2 6.69% $5,768
NEWREZ LLC 2 7.44% $5,379
GENEVA FINANCIAL, LLC 2 6.38% $6,034
AMERISAVE MORTGAGE CORPORATION 1 5.75% $6,906
AmeriHome Mortgage Company, LLC 1 4.99% $4,414
American Security Mortgage Corp. 1 6.63% $3,891
South Atlantic Bank 1 6.63% $3,651
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.50% $3,907
SOUTHPOINT FINANCIAL SERVICES, INC. 1 7.13% $6,345
AMERICAN FINANCING CORPORATION 1 5.88% $6,709
SRP Federal Credit Union 1 6.38% $5,411
AMERICAN FINANCIAL NETWORK, INC. 1 7.50% $8,259
Waterstone Mortgage Corporation 1 6.50% $10,990
Suncoast Credit Union 1 6.00% $3,385
SUN WEST MORTGAGE COMPANY, INC. 1 7.00% $6,461
Synovus Bank 1 7.25% $2,831
The Central Trust Bank 1 6.88% $1,096
THRIVE MORTGAGE, LLC 1 6.63% $3,887
TJC Mortgage, Inc. 1 7.63% $5,573
Towne Bank 1 6.38% $12,856
CERTAINTY HOME LOANS, LLC 1 5.50% $6,400
Truliant Federal Credit Union 1 6.25% $4,278
Ally Bank 1 5.25% $15,295
United Bank 1 7.13% $5,071
C & F Mortgage Corporation 1 6.63% $3,885
Citibank 1 6.63% $5,225
CORNING 1 6.38% $2,836
AMCAP MORTGAGE, LTD. 1 6.13% $8,813
Discover Bank 1 6.99% $0
East Coast Capital Corp. 1 7.88% $8,290
EASTMAN 1 6.88% $3,945
EQUITY RESOURCES, INC. 1 7.63% $5,147
CAROLINA ONE MORTGAGE, LLC 1 5.88% $11,577
FAIRWINDS CREDIT UNION 1 6.38% $3,821
FineMark National Bank & Trust 1 6.50% $3,830
First American Bank 1 7.63% $3,528
CARDINAL FINANCIAL 1 7.13% $4,509
First National Bank of Pennsylvania 1 6.25% $4,220
Boeing Employees Credit Union 1 5.63% $2,633
Gateway First Bank 1 6.88% $6,516
GUARANTY HOME MORTGAGE CORPORATION 1 6.00% $5,352
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.00% $8,155
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.00% $3,504
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.38% $6,317
HOMESIDE FINANCIAL, LLC 1 6.75% $4,581
Hometown Equity Mortgage, LLC 1 11.13% $11,214
Barley Mortgage, LLC 1 7.13% $5,469
Bank of England 1 6.25% $6,464
Kwik Mortgage Corporation 1 6.63% $2,010
LATINO COMMUNITY CREDIT UNION 1 7.25% $4,275
Leader Bank 1 6.50% $6,017
LOCAL GOVERNMENT FEDERAL CREDIT UNION 1 5.40% $3,546
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.63% $5,495
MICHIGAN MUTUAL, INC. 1 5.99% $5,107
Mortgage Research Center, LLC 1 6.75% $2,519
Associated Credit Union 1 5.13% $3,408
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.62% $6,020
NATIONS DIRECT MORTGAGE, LLC 1 7.13% $3,849
Nations Lending Corporation 1 7.50% $8,036
Ameris Bank 1 7.49% $3,127
NTFN, INC. 1 6.13% $10,966
US MORTGAGE CORPORATION 1 5.99% $5,776
PHH Mortgage Corporation 1 6.25% $5,914
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.99% $4,955

FLORENCE Average Closing Costs & Other Stats

FLORENCE, SC's 133 lenders originated 2,714 loans during 2023. The total origination value was $555,640,000, with an average loan value of $204,731.

FLORENCE's average closing costs are $5,365.

The top FLORENCE lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 99 loans originated. Their average total fees are $6,015, which is $252 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee FLORENCE lenders (with over 10 loans originated) are SAFE FEDERAL CREDIT UNION ($3,285), Wells Fargo Bank ($4,053), First-Citizens Bank & Trust Company ($4,267), First Reliance Bank ($4,321) and South State Bank ($5,139).

The lowest rate FLORENCE lenders (with over 10 loans originated) are SAFE FEDERAL CREDIT UNION (5.82%), Wells Fargo Bank (6.13%), First-Citizens Bank & Trust Company (6.21%), INSPIRE HOME LOANS INC. (6.22%) and South State Bank (6.37%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
MOVEMENT MORTGAGE, LLC $38,635,000 $38,620,000 0.0% 7.0%
QUICKEN LOANS, LLC $51,535,000 $31,410,000 -39.1% 5.7%
Carolina Bank & Trust $24,135,000 $27,135,000 12.4% 4.9%
First Reliance Bank $27,085,000 $21,500,000 -20.6% 3.9%
First Bank $28,115,000 $20,965,000 -25.4% 3.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $20,540,000 $20,850,000 1.5% 3.8%
CROSSCOUNTRY MORTGAGE, LLC $8,235,000 $20,760,000 152.1% 3.7%
The Citizens Bank $17,280,000 $18,375,000 6.3% 3.3%
First-Citizens Bank & Trust Company $28,735,000 $17,480,000 -39.2% 3.1%
FBC MORTGAGE, LLC $1,495,000 $14,605,000 876.9% 2.6%
Mortgage Research Center, LLC $17,110,000 $13,220,000 -22.7% 2.4%
INSPIRE HOME LOANS INC. $6,005,000 $12,760,000 112.5% 2.3%
UNITED WHOLESALE MORTGAGE, LLC $11,835,000 $10,760,000 -9.1% 1.9%
South State Bank $22,525,000 $9,825,000 -56.4% 1.8%
Magnolia Bank $15,560,000 $9,685,000 -37.8% 1.7%
CMG MORTGAGE, INC. $2,330,000 $9,525,000 308.8% 1.7%
GSF Mortgage Corporation $2,135,000 $8,385,000 292.7% 1.5%
SAFE FEDERAL CREDIT UNION $8,420,000 $8,090,000 -3.9% 1.5%
Truist $17,165,000 $7,785,000 -54.6% 1.4%
GREYSTONE SERVICING COMPANY LLC $7,675,000 n/a 1.4%
21ST MORTGAGE CORPORATION $10,930,000 $7,300,000 -33.2% 1.3%
WALKER & DUNLOP, LLC $7,235,000 n/a 1.3%
SUMMIT FUNDING, INC. $9,810,000 $6,735,000 -31.3% 1.2%
Wells Fargo Bank $15,775,000 $6,415,000 -59.3% 1.2%
LOANDEPOT.COM, LLC $10,890,000 $6,395,000 -41.3% 1.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $7,615,000 $6,230,000 -18.2% 1.1%
SUN WEST MORTGAGE COMPANY, INC. $555,000 $5,480,000 887.4% 1.0%
ArborOne, ACA $5,010,000 n/a 0.9%
Anderson Brothers Bank $6,210,000 $4,600,000 -25.9% 0.8%
GUARANTEED RATE, INC. $15,745,000 $4,370,000 -72.2% 0.8%
PENNYMAC LOAN SERVICES, LLC $5,210,000 $4,345,000 -16.6% 0.8%
UNION HOME MORTGAGE CORP. $145,000 $4,205,000 2,800.0% 0.8%
LIMA ONE CAPITAL, LLC $345,000 $4,165,000 1,107.2% 0.7%
THRIVE MORTGAGE, LLC $2,265,000 $4,065,000 79.5% 0.7%
GUILD MORTGAGE COMPANY $8,165,000 $3,950,000 -51.6% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $5,845,000 $3,820,000 -34.6% 0.7%
NAVY FEDERAL CREDIT UNION $6,495,000 $3,640,000 -44.0% 0.7%
USAA Federal Savings Bank $3,130,000 $3,495,000 11.7% 0.6%
RESOURCE FINANCIAL SERVICES, INC. $2,545,000 $3,290,000 29.3% 0.6%
FREEDOM MORTGAGE CORPORATION $6,725,000 $3,205,000 -52.3% 0.6%
AMERICAN FINANCIAL NETWORK, INC. $2,930,000 n/a 0.5%
SOUTHWEST STAGE FUNDING, LLC $1,250,000 $2,790,000 123.2% 0.5%
Dedicated Community Bank $2,660,000 n/a 0.5%
JPMorgan Chase Bank $3,720,000 $2,595,000 -30.2% 0.5%
MUTUAL OF OMAHA MORTGAGE, INC. $1,495,000 $2,545,000 70.2% 0.5%
BANK OF CLARENDON $2,420,000 n/a 0.4%
CARDINAL FINANCIAL $2,405,000 $2,250,000 -6.4% 0.4%
First Palmetto Bank $855,000 $2,225,000 160.2% 0.4%
BROKER SOLUTIONS, INC. $2,550,000 $2,170,000 -14.9% 0.4%
SOUTH CAROLINA FEDERAL CREDIT UNION $2,135,000 $2,030,000 -4.9% 0.4%
Alcova Mortgage LLC $825,000 $1,990,000 141.2% 0.4%
STATE EMPLOYEES' $1,135,000 $1,980,000 74.4% 0.4%
PENTAGON FEDERAL CREDIT UNION $670,000 $1,960,000 192.5% 0.4%
INTERCOASTAL MORTGAGE COMPANY $2,280,000 $1,925,000 -15.6% 0.3%
DHI MORTGAGE COMPANY, LTD. $1,860,000 n/a 0.3%
AMERISAVE MORTGAGE CORPORATION $4,940,000 $1,840,000 -62.8% 0.3%
PNC Bank $4,465,000 $1,810,000 -59.5% 0.3%
United Community Bank $2,855,000 $1,795,000 -37.1% 0.3%
FOUNDERS FEDERAL CREDIT UNION $1,935,000 $1,785,000 -7.8% 0.3%
Blue Ridge Bank $1,710,000 n/a 0.3%
LENDINGHOME FUNDING CORPORATION $1,205,000 $1,645,000 36.5% 0.3%
TD Bank $960,000 $1,595,000 66.1% 0.3%
SPC Credit Union $6,125,000 $1,575,000 -74.3% 0.3%
MORTGAGE SOLUTIONS OF COLORADO, LLC $2,755,000 $1,550,000 -43.7% 0.3%
VILLAGE CAPITAL MORTGAGE $400,000 $1,550,000 287.5% 0.3%
Regions Bank $2,190,000 $1,530,000 -30.1% 0.3%
American Security Mortgage Corp. $1,160,000 $1,420,000 22.4% 0.3%
Equity Prime Mortgage LLC $575,000 $1,405,000 144.3% 0.3%
PREMIA MORTGAGE, LLC $995,000 $1,370,000 37.7% 0.2%
Bank of America $2,795,000 $1,360,000 -51.3% 0.2%
Synovus Bank $1,180,000 $1,330,000 12.7% 0.2%
1ST SIGNATURE LENDING, LLC $1,300,000 n/a 0.2%
U.S. Bank $4,440,000 $1,290,000 -70.9% 0.2%
NEW DAY FINANCIAL, LLC $1,440,000 $1,270,000 -11.8% 0.2%
MORTGAGE INVESTORS GROUP, INC. $325,000 $1,265,000 289.2% 0.2%
EVERETT FINANCIAL, INC. $705,000 $1,240,000 75.9% 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $4,520,000 $1,215,000 -73.1% 0.2%
S. C. STATE FEDERAL CREDIT UNION $2,340,000 $1,215,000 -48.1% 0.2%
RELIANCE FIRST CAPITAL, LLC $155,000 $1,205,000 677.4% 0.2%
TRIAD FINANCIAL SERVICES, INC. $1,690,000 $1,155,000 -31.7% 0.2%
Carrington Mortgage Services, LLC $2,385,000 $1,150,000 -51.8% 0.2%
Citizens Bank $3,175,000 $1,130,000 -64.4% 0.2%
Carter Bank & Trust $1,125,000 n/a 0.2%
PROVIDENT FUNDING ASSOCIATES, L.P. $195,000 $1,075,000 451.3% 0.2%
HONDA Federal Credit Union $1,700,000 $1,065,000 -37.4% 0.2%
NEWREZ LLC $2,055,000 $1,065,000 -48.2% 0.2%
GUARANTEED RATE AFFINITY, LLC $580,000 $1,015,000 75.0% 0.2%
Paramount Residential Mortgage Group, Inc. $1,060,000 $1,005,000 -5.2% 0.2%
BETTER MORTGAGE CORPORATION $1,220,000 $940,000 -23.0% 0.2%
NTFN, INC. $565,000 $925,000 63.7% 0.2%
MORTGAGE ACCESS CORP. $1,925,000 $905,000 -53.0% 0.2%
NBKC BANK $875,000 n/a 0.2%
Commerce Home Mortgage, Inc. $195,000 $850,000 335.9% 0.2%
AgFirst Farm Credit Bank $840,000 n/a 0.2%
AMCAP MORTGAGE, LTD. $835,000 n/a 0.2%
Discover Bank $125,000 $820,000 556.0% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,695,000 $815,000 -51.9% 0.1%
EQUITY RESOURCES, INC. $280,000 $790,000 182.1% 0.1%
PREMIER LENDING, INC. $390,000 $730,000 87.2% 0.1%
The Loan Store, Inc. $730,000 n/a 0.1%
Colonial Savings, F.A. $680,000 n/a 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $670,000 n/a 0.1%
United Bank $355,000 $670,000 88.7% 0.1%
DOMINION FINANCIAL SERVICES, LLC $75,000 $655,000 773.3% 0.1%
Waterstone Mortgage Corporation $275,000 $630,000 129.1% 0.1%
First Community Bank $575,000 $605,000 5.2% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $175,000 $600,000 242.9% 0.1%
COUNTRYPLACE MORTGAGE, LTD. $590,000 $565,000 -4.2% 0.1%
Prosperity Home Mortgage, LLC $885,000 $560,000 -36.7% 0.1%
TOP FLITE FINANCIAL, INC. $525,000 n/a 0.1%
T2 FINANCIAL LLC $2,180,000 $515,000 -76.4% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $265,000 $500,000 88.7% 0.1%
Renasant Bank $1,005,000 $500,000 -50.2% 0.1%
US MORTGAGE CORPORATION $670,000 $490,000 -26.9% 0.1%
Assurance Financial Group, L.L.C. $450,000 $485,000 7.8% 0.1%
CALIBER HOME LOANS, INC. $13,225,000 $485,000 -96.3% 0.1%
GENEVA FINANCIAL, LLC $1,180,000 $485,000 -58.9% 0.1%
Nations Lending Corporation $1,705,000 $485,000 -71.6% 0.1%
CHURCHILL MORTGAGE CORPORATION $670,000 $475,000 -29.1% 0.1%
BAYSHORE MORTGAGE FUNDING, LLC $345,000 $450,000 30.4% 0.1%
LEADERONE FINANCIAL CORPORATION $755,000 $450,000 -40.4% 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $445,000 n/a 0.1%
First Savings Bank $445,000 n/a 0.1%
MID AMERICA MORTGAGE, INC. $495,000 $445,000 -10.1% 0.1%
SOUTHPOINT FINANCIAL SERVICES, INC. $935,000 $445,000 -52.4% 0.1%
SPRING EQ, LLC $165,000 $420,000 154.5% 0.1%
Towne Bank $405,000 n/a 0.1%
LOANPAL, LLC $665,000 $390,000 -41.4% 0.1%
The Federal Savings Bank $670,000 $380,000 -43.3% 0.1%
TOWNE MORTGAGE COMPANY $380,000 n/a 0.1%
CONTOUR MORTGAGE CORPORATION $720,000 $365,000 -49.3% 0.1%
PLANET HOME LENDING, LLC $365,000 n/a 0.1%
Ameris Bank $1,250,000 $360,000 -71.2% 0.1%
Trustmark National Bank $115,000 $360,000 213.0% 0.1%
LADERA LENDING, INC. $355,000 n/a 0.1%
ON Q FINANCIAL, INC. $355,000 n/a 0.1%
Hometown Equity Mortgage, LLC $350,000 n/a 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $450,000 $340,000 -24.4% 0.1%
BANKSOUTH MORTGAGE COMPANY, LLC $335,000 n/a 0.1%
Ally Bank $970,000 $325,000 -66.5% 0.1%
CSL Financial, LLC $765,000 $325,000 -57.5% 0.1%
FINANCE OF AMERICA REVERSE LLC $65,000 $325,000 400.0% 0.1%
FIRST ALLIANCE HOME MORTGAGE, LLC $325,000 n/a 0.1%
Coastal Carolina National Bank $330,000 $315,000 -4.5% 0.1%
CORNING $310,000 n/a 0.1%
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. $305,000 n/a 0.1%
AMWEST FUNDING CORP. $635,000 $290,000 -54.3% 0.1%
Bank of England $290,000 n/a 0.1%
First American Bank $285,000 n/a 0.1%
M&T Bank $385,000 $285,000 -26.0% 0.1%
Network Funding, L.P. $450,000 $275,000 -38.9% 0.0%
PHH Mortgage Corporation $685,000 $260,000 -62.0% 0.0%
CAROLINA ONE MORTGAGE, LLC $205,000 $255,000 24.4% 0.0%
First Federal Bank $255,000 n/a 0.0%
Leader Bank $245,000 n/a 0.0%
ROYAL UNITED MORTGAGE LLC $275,000 $245,000 -10.9% 0.0%
Lakeview Community Capital, LLC $2,070,000 $235,000 -88.6% 0.0%
LAKEVIEW LOAN SERVICING, LLC $1,770,000 $235,000 -86.7% 0.0%
NORWICH COMMERCIAL GROUP, INC. $235,000 n/a 0.0%
SRP Federal Credit Union $105,000 $235,000 123.8% 0.0%
Flagstar Bank, FSB $2,870,000 $230,000 -92.0% 0.0%
Goldwater Bank, N.A. $225,000 n/a 0.0%
MILEND, INC. $225,000 n/a 0.0%
C & F Mortgage Corporation $215,000 n/a 0.0%
First National Bank of Pennsylvania $610,000 $215,000 -64.8% 0.0%
Gateway First Bank $205,000 $215,000 4.9% 0.0%
Ixonia Bank $215,000 n/a 0.0%
LATINO COMMUNITY CREDIT UNION $240,000 $215,000 -10.4% 0.0%
ACADEMY MORTGAGE CORPORATION $190,000 $205,000 7.9% 0.0%
NATIONS DIRECT MORTGAGE, LLC $615,000 $205,000 -66.7% 0.0%
South Atlantic Bank $535,000 $205,000 -61.7% 0.0%
Kwik Mortgage Corporation $195,000 n/a 0.0%
CERTAINTY HOME LOANS, LLC $115,000 $190,000 65.2% 0.0%
Neighborhood Loans, Inc. $185,000 n/a 0.0%
Suncoast Credit Union $185,000 n/a 0.0%
The Central Trust Bank $495,000 $185,000 -62.6% 0.0%
CITY FIRST MORTGAGE SERVICES, L.L.C. $1,050,000 $175,000 -83.3% 0.0%
FAIRWINDS CREDIT UNION $175,000 n/a 0.0%
TOTAL MORTGAGE SERVICES, LLC $175,000 n/a 0.0%
Bethpage Federal Credit Union $170,000 n/a 0.0%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $165,000 $165,000 0.0% 0.0%
FineMark National Bank & Trust $165,000 n/a 0.0%
HANSCOM $165,000 n/a 0.0%
POLARIS HOME FUNDING CORP. $165,000 n/a 0.0%
Countybank $160,000 n/a 0.0%
INTERLINC MORTGAGE SERVICES, LLC $410,000 $160,000 -61.0% 0.0%
Barrington Bank & Trust Company, N.A. $1,105,000 $155,000 -86.0% 0.0%
LOCAL GOVERNMENT FEDERAL CREDIT UNION $75,000 $155,000 106.7% 0.0%
PLAZA HOME MORTGAGE, INC. $2,435,000 $155,000 -93.6% 0.0%
Shamrock Home Loans, Inc. $295,000 $155,000 -47.5% 0.0%
HOMEOWNERS FINANCIAL GROUP USA, LLC $150,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $1,560,000 $145,000 -90.7% 0.0%
AmeriHome Mortgage Company, LLC $145,000 n/a 0.0%
Citibank $120,000 $145,000 20.8% 0.0%
DELMAR FINANCIAL COMPANY $85,000 $135,000 58.8% 0.0%
FINANCE OF AMERICA MORTGAGE LLC $26,460,000 $135,000 -99.5% 0.0%
Arthur State Bank $220,000 $125,000 -43.2% 0.0%
CBM Mortgage, Inc. $125,000 n/a 0.0%
Figure Lending LLC $125,000 n/a 0.0%
MidFirst Bank $125,000 n/a 0.0%
TJC Mortgage, Inc. $285,000 $125,000 -56.1% 0.0%
Truliant Federal Credit Union $250,000 $125,000 -50.0% 0.0%
Associated Credit Union $115,000 n/a 0.0%
Citadel Servicing Corporation $115,000 n/a 0.0%
East Coast Capital Corp. $115,000 n/a 0.0%
HOMESIDE FINANCIAL, LLC $1,220,000 $110,000 -91.0% 0.0%
Axos Bank $105,000 n/a 0.0%
Boeing Employees Credit Union $105,000 n/a 0.0%
EASTMAN $105,000 n/a 0.0%
Barley Mortgage, LLC $95,000 n/a 0.0%
MICHIGAN MUTUAL, INC. $95,000 n/a 0.0%
GUARANTY HOME MORTGAGE CORPORATION $2,370,000 $85,000 -96.4% 0.0%
AMERICAN INTERNET MORTGAGE, INC. $95,000 $75,000 -21.1% 0.0%
Atlantic Coast Mortgage, LLC $275,000 $65,000 -76.4% 0.0%
CAROLINA TRUST FEDERAL CREDIT UNION $115,000 $55,000 -52.2% 0.0%
Northwest Federal Credit Union $55,000 n/a 0.0%
UTILITIES EMPLOYEES CREDIT UNION $105,000 $55,000 -47.6% 0.0%
The Conway National Bank $775,000 $45,000 -94.2% 0.0%
Palmetto Citizens Federal Credit Union $385,000 $35,000 -90.9% 0.0%

FLORENCE's top lender by overall market share is MOVEMENT MORTGAGE, LLC, with 7.0% market share. In second place, with 5.7%, is QUICKEN LOANS, LLC, having originated $31,410,000 in loans. In third place, with 4.9%, is Carolina Bank & Trust, having originated $27,135,000 in loans. In fourth place, with 3.9%, is First Reliance Bank, having originated $21,500,000 in loans. In fifth place, with 3.8%, is First Bank, having originated $20,965,000 in loans.


FLORENCE Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - FLORENCE (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 (2.9%) $199,165 (4.1%) 0.59 605
2018-02-01 $166,750 (5.2%) $205,389 (6.9%) 0.61 618
2018-03-01 $173,550 (8.8%) $208,815 (5.5%) 0.61 651
2018-04-01 $170,000 (4.1%) $209,606 (1.9%) 0.58 670
2018-05-01 $179,900 (8.4%) $216,308 (2.7%) 0.60 703
2018-06-01 $177,450 (5.7%) $215,056 (1.4%) 0.59 714
2018-07-01 $177,575 (1.5%) $211,010 (-1.5%) 0.59 741
2018-08-01 $175,625 (1.9%) $206,101 (-3.2%) 0.59 744
2018-09-01 $175,000 (4.2%) $201,674 (-2.6%) 0.59 698
2018-10-01 $169,950 (-1.1%) $199,921 (-5.7%) 0.58 681
2018-11-01 $169,900 (0.0%) $197,445 (-7.5%) 0.58 667
2018-12-01 $166,500 (1.2%) $195,220 (-0.8%) 0.57 662
2019-01-01 $168,586 (5.4%) $196,657 (-1.3%) 0.58 640
2019-02-01 $168,225 (0.9%) $197,626 (-3.8%) 0.57 635
2019-03-01 $168,500 (-2.9%) $199,434 (-4.5%) 0.55 742
2019-04-01 $172,425 (1.4%) $203,928 (-2.7%) 0.55 883
2019-05-01 $182,250 (1.3%) $210,689 (-2.6%) 0.57 862
2019-06-01 $187,995 (5.9%) $217,241 (1.0%) 0.59 862
2019-07-01 $186,495 (5.0%) $217,998 (3.3%) 0.58 864
2019-08-01 $183,336 (4.4%) $214,370 (4.0%) 0.58 855
2019-09-01 $180,841 (3.3%) $212,232 (5.2%) 0.58 841
2019-10-01 $179,702 (5.7%) $211,473 (5.8%) 0.58 835
2019-11-01 $184,950 (8.9%) $211,247 (7.0%) 0.61 827
2019-12-01 $185,080 (11.2%) $210,364 (7.8%) 0.62 731
2020-01-01 $185,413 (10.0%) $208,704 (6.1%) 0.62 713
2020-02-01 $189,900 (12.9%) $206,735 (4.6%) 0.62 767
2020-03-01 $188,873 (12.1%) $211,485 (6.0%) 0.59 780
2020-04-01 $189,900 (10.1%) $215,026 (5.4%) 0.59 748
2020-05-01 $199,000 (9.2%) $221,377 (5.1%) 0.60 723
2020-06-01 $200,000 (6.4%) $226,102 (4.1%) 0.59 720
2020-07-01 $192,900 (3.4%) $219,752 (0.8%) 0.56 738
2020-08-01 $189,900 (3.6%) $221,338 (3.3%) 0.54 686
2020-09-01 $189,925 (5.0%) $224,469 (5.8%) 0.54 629
2020-10-01 $190,900 (6.2%) $226,735 (7.2%) 0.55 579
2020-11-01 $189,950 (2.7%) $227,909 (7.9%) 0.56 570
2020-12-01 $189,475 (2.4%) $225,849 (7.4%) 0.56 548
2021-01-01 $189,900 (2.4%) $225,072 (7.8%) 0.57 523
2021-02-01 $206,725 (8.9%) $232,198 (12.3%) 0.60 534
2021-03-01 $199,950 (5.9%) $232,312 (9.9%) 0.57 545
2021-04-01 $214,925 (13.2%) $244,884 (13.9%) 0.58 544
2021-05-01 $210,000 (5.5%) $245,144 (10.7%) 0.56 540
2021-06-01 $212,450 (6.2%) $245,306 (8.5%) 0.56 549
2021-07-01 $206,950 (7.3%) $240,368 (9.4%) 0.55 549
2021-08-01 $217,100 (14.3%) $626,991 (183.3%) 0.58 576
2021-09-01 $219,100 (15.4%) $617,263 (175.0%) 0.58 606
2021-10-01 $217,300 (13.8%) $649,270 (186.4%) 0.58 566
2021-11-01 $222,500 (17.1%) $659,387 (189.3%) 0.59 555
2021-12-01 $225,053 (18.8%) $264,812 (17.3%) 0.61 531
2022-01-01 $233,500 (23.0%) $267,587 (18.9%) 0.63 484
2022-02-01 $239,000 (15.6%) $272,103 (17.2%) 0.62 482
2022-03-01 $235,000 (17.5%) $266,241 (14.6%) 0.59 496
2022-04-01 $235,000 (9.3%) $271,235 (10.8%) 0.56 450
2022-05-01 $242,945 (15.7%) $276,034 (12.6%) 0.56 519
2022-06-01 $257,601 (21.3%) $290,234 (18.3%) 0.57 591
2022-07-01 $265,000 (28.1%) $288,454 (20.0%) 0.60 610
2022-08-01 $251,114 (15.7%) $281,749 (-55.1%) 0.58 619
2022-09-01 $267,475 (22.1%) $288,745 (-53.2%) 0.63 610
2022-10-01 $273,763 (26.0%) $292,797 (-54.9%) 0.64 610
2022-11-01 $274,539 (23.4%) $288,302 (-56.3%) 0.66 585
2022-12-01 $269,900 (19.9%) $284,580 (7.5%) 0.67 544
2023-01-01 $260,950 (11.8%) $279,849 (4.6%) 0.65 530
2023-02-01 $255,000 (6.7%) $272,791 (0.3%) 0.62 534
2023-03-01 $259,968 (10.6%) $283,950 (6.7%) 0.61 494
2023-04-01 $259,000 (10.2%) $282,803 (4.3%) 0.60 520
2023-05-01 $266,723 (9.8%) $291,368 (5.6%) 0.60 500
2023-06-01 $273,950 (6.4%) $300,362 (3.5%) 0.62 507
2023-07-01 $276,990 (4.5%) $301,539 (4.5%) 0.63 519
2023-08-01 $275,445 (9.7%) $299,320 (6.2%) 0.63 510
2023-09-01 $271,576 (1.5%) $292,625 (1.3%) 0.63 509
2023-10-01 $266,995 (-2.5%) $289,964 (-1.0%) 0.63 521
2023-11-01 $260,288 (-5.2%) $284,980 (-1.2%) 0.62 490
2023-12-01 $257,450 (-4.6%) $279,264 (-1.9%) 0.63 454
2024-01-01 $252,425 (-3.3%) $266,068 (-4.9%) 0.62 455
2024-02-01 $248,406 (-2.6%) $265,706 (-2.6%) 0.60 501
2024-03-01 $249,500 (-4.0%) $277,230 (-2.4%) 0.59 513
FLORENCE's median listing price for 2024-03-01 was $249,500, a difference of $-10,468 (-4.0%) versus the prior year and $1,094 versus the prior month.

FLORENCE's median listing price comes in at 59% of the national average.

FLORENCE's average listing price for 2024-03-01 was $277,230, a difference of $-6,720 (-2.4%) versus the prior year and $11,524 versus the prior month.

For the 2024-03-01 period, FLORENCE had 513 MLS listings, a difference of 12 listings (2%) versus the prior month and 19 listings (4%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - FLORENCE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 96 days 1,890 sqft
2018-02-01 96 days 1,952 sqft
2018-03-01 73 days 2,030 sqft
2018-04-01 68 days 2,074 sqft
2018-05-01 67 days 2,100 sqft
2018-06-01 71 days 2,086 sqft
2018-07-01 77 days 2,082 sqft
2018-08-01 81 days 2,045 sqft
2018-09-01 89 days 2,008 sqft
2018-10-01 89 days 1,922 sqft
2018-11-01 94 days 1,861 sqft
2018-12-01 93 days 1,849 sqft
2019-01-01 93 days 1,868 sqft
2019-02-01 94 days 1,902 sqft
2019-03-01 88 days 1,904 sqft
2019-04-01 82 days 1,921 sqft
2019-05-01 80 days 1,980 sqft
2019-06-01 79 days 2,020 sqft
2019-07-01 78 days 2,071 sqft
2019-08-01 80 days 2,020 sqft
2019-09-01 82 days 1,982 sqft
2019-10-01 82 days 1,980 sqft
2019-11-01 79 days 1,981 sqft
2019-12-01 88 days 1,984 sqft
2020-01-01 95 days 1,984 sqft
2020-02-01 89 days 2,003 sqft
2020-03-01 70 days 2,009 sqft
2020-04-01 74 days 2,030 sqft
2020-05-01 78 days 2,072 sqft
2020-06-01 81 days 2,092 sqft
2020-07-01 69 days 2,043 sqft
2020-08-01 66 days 2,002 sqft
2020-09-01 75 days 2,035 sqft
2020-10-01 74 days 2,010 sqft
2020-11-01 59 days 1,884 sqft
2020-12-01 61 days 1,849 sqft
2021-01-01 61 days 1,900 sqft
2021-02-01 46 days 2,070 sqft
2021-03-01 49 days 2,041 sqft
2021-04-01 50 days 2,045 sqft
2021-05-01 50 days 2,034 sqft
2021-06-01 48 days 1,969 sqft
2021-07-01 45 days 1,882 sqft
2021-08-01 44 days 1,931 sqft
2021-09-01 44 days 1,964 sqft
2021-10-01 54 days 1,888 sqft
2021-11-01 56 days 1,911 sqft
2021-12-01 52 days 1,905 sqft
2022-01-01 61 days 1,906 sqft
2022-02-01 53 days 1,900 sqft
2022-03-01 44 days 1,871 sqft
2022-04-01 46 days 1,837 sqft
2022-05-01 38 days 1,829 sqft
2022-06-01 37 days 1,923 sqft
2022-07-01 44 days 1,956 sqft
2022-08-01 54 days 1,948 sqft
2022-09-01 55 days 1,966 sqft
2022-10-01 56 days 2,002 sqft
2022-11-01 64 days 2,050 sqft
2022-12-01 74 days 1,961 sqft
2023-01-01 82 days 1,956 sqft
2023-02-01 75 days 1,937 sqft
2023-03-01 65 days 1,949 sqft
2023-04-01 55 days 1,914 sqft
2023-05-01 51 days 1,962 sqft
2023-06-01 51 days 1,961 sqft
2023-07-01 51 days 1,959 sqft
2023-08-01 52 days 1,927 sqft
2023-09-01 53 days 1,913 sqft
2023-10-01 52 days 1,920 sqft
2023-11-01 56 days 1,831 sqft
2023-12-01 66 days 1,827 sqft
2024-01-01 72 days 1,724 sqft
2024-02-01 60 days 1,737 sqft
2024-03-01 51 days 1,755 sqft
FLORENCE's median listing age (time on market) for 2024-03-01 was 51 days. This is -22% shorter than the same period one year ago.

FLORENCE's median square footage for active listings during the 2024-03-01 period was 1,755 sqft. One year prior, the average listing was 1,949 sqft.

FLORENCE, SC 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
29114 Florence, SC HUD Metro FMR Area $750 $810 $1,030 $1,280 $1,390
29161 Florence, SC HUD Metro FMR Area $700 $710 $910 $1,150 $1,250
29501 Florence, SC HUD Metro FMR Area $750 $750 $980 $1,240 $1,330
29502 Florence, SC HUD Metro FMR Area $700 $710 $930 $1,180 $1,250
29503 Florence, SC HUD Metro FMR Area $700 $710 $930 $1,180 $1,250
29504 Florence, SC HUD Metro FMR Area $700 $710 $930 $1,180 $1,250
29505 Florence, SC HUD Metro FMR Area $810 $810 $1,070 $1,350 $1,440
29506 Florence, SC HUD Metro FMR Area $620 $620 $820 $1,040 $1,100
29530 Florence, SC HUD Metro FMR Area $590 $590 $780 $990 $1,060
29532 Florence, SC HUD Metro FMR Area $680 $680 $820 $1,040 $1,190
29541 Florence, SC HUD Metro FMR Area $780 $780 $1,030 $1,300 $1,390
29554 Florence, SC HUD Metro FMR Area $740 $750 $980 $1,240 $1,320
29555 Florence, SC HUD Metro FMR Area $590 $590 $780 $990 $1,060
29560 Florence, SC HUD Metro FMR Area $610 $620 $810 $1,020 $1,100
29583 Florence, SC HUD Metro FMR Area $640 $640 $840 $1,060 $1,130
29591 Florence, SC HUD Metro FMR Area $590 $590 $780 $990 $1,060

2022 Average & Median Rent Data Statistics
FLORENCE, SC average 1BR rent: $692, median: $710
FLORENCE, SC average 2BR rent: $901, median: $920
FLORENCE, SC average 3BR rent: $1,139, median: $1,165

FLORENCE, SC Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,975 $435,625,000 $220,570
Cash Out Refi 270 $45,180,000 $167,333
Refi 192 $47,910,000 $249,531
Other 153 $16,185,000 $105,784
Home Improvement 124 $10,740,000 $86,613

Florence's most frequently cited loan purpose was Home Purchase, with 1,975 originations. The 2nd most popular reason was Cash Out Refi, with 270 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 959 $218,065,000 $227,388
7-8% 572 $119,280,000 $208,531
Over 8% 418 $52,880,000 $126,507
5-6% 402 $88,160,000 $219,303
4-5% 65 $13,475,000 $207,308
<2.5% 47 $825,000 $17,553
3-4% 15 $1,395,000 $93,000
2.5-3% 4 $1,080,000 $270,000

During 2023, Florence's most frequently originated rate bucket was 6-7%, with 959 originations.

Loan Sizing (FLORENCE, SC MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 996 $147,330,000 $147,922
$200k-400k 932 $252,940,000 $271,395
$100,000 or less 635 $36,055,000 $56,780
$400k-600k 110 $50,230,000 $456,636
$600k-1000k 28 $19,550,000 $698,214
$Over $1MM 13 $49,535,000 $3,810,385

FLORENCE's loan sizing saw the bucket of loans from $100k-200k with 996 originations, totaling $147,330,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,487 $332,915,000 $223,884
60-80% 436 $101,210,000 $232,133
20-40% 184 $29,090,000 $158,098
40-60% 180 $26,140,000 $145,222
Under 20% 179 $4,795,000 $26,788
Over 100% 29 $6,985,000 $240,862

FLORENCE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,487 originations, totaling $332,915,000 in origination value.