Forest City Mortgage Rates

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

30 Year Fixed Rate mortgages in Forest City averaged 6.06% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6.07% and one month ago for the week of 2022-05-26, the average rate was 5.56%.

Forest City's average rate one year ago was 3.12%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.7%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Forest City 30 Year Fixed Rate 2022-06-30 6.06%
Forest City 30 Year Fixed Rate Refi 2022-06-30 5.7%
Forest City 15 Year Fixed Rate 2022-06-30 5.54%
Forest City 15 Year Fixed Rate Refi 2022-06-30 5.44%
Forest City 30 Year FHA 2022-06-30 5.84%
Forest City 30 Year FHA Refi 2022-06-30 5.52%
Forest City 30 Year USDA 2022-06-30 5.51%
Forest City 30 Year USDA Refi 2022-06-30 5.93%
Forest City 30 Year VA 2022-06-30 5.95%
Forest City 30 Year VA Refi 2022-06-30 5.46%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Forest City, NC.

Forest City Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Forest City, NC market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
STATE EMPLOYEES' 164 3.33% $3,468
QUICKEN LOANS, LLC 97 3.09% $4,524
MOVEMENT MORTGAGE, LLC 88 3.24% $3,571
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 79 3.27% $3,775
LOCAL GOVERNMENT FEDERAL CREDIT UNION 44 3.31% $3,624
HomeTrust Bank 32 2.88% $3,051
Wells Fargo Bank 27 3.35% $3,553
Truist Bank 22 2.99% $3,450
LOANDEPOT.COM, LLC 22 3.04% $4,605
HOMESTAR FINANCIAL CORPORATION 17 3.43% $3,367
UNITED WHOLESALE MORTGAGE, LLC 16 2.99% $4,904
First-Citizens Bank & Trust Company 15 3.26% $3,311
AMERISAVE MORTGAGE CORPORATION 14 2.87% $4,724
Bank of America 13 2.86% $4,051
Blue Ridge Bank 12 3.13% $6,972
BETTER MORTGAGE CORPORATION 11 3.19% $3,780
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 3.06% $5,328
Mr. Cooper ( Nationstar Mortgage ) 9 3.14% $4,409
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 9 3.24% $3,832
Fifth Third Bank 7 3.21% $2,734
JPMorgan Chase Bank 7 3.00% $3,795
HOMESIDE FINANCIAL, LLC 6 3.40% $3,616
UNITED 6 3.29% $3,537
PNC Bank 6 2.92% $5,327
NAVY FEDERAL CREDIT UNION 6 2.94% $4,617
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 6 3.21% $3,039
Citizens Bank 6 3.08% $6,049
Alcova Mortgage LLC 6 2.96% $3,373
Wyndham Capital Mortgage, Inc. 6 3.12% $2,378
GUARANTEED RATE, INC. 6 3.50% $3,041
RESOURCE FINANCIAL SERVICES, INC. 5 3.15% $3,505
NEWREZ LLC 5 3.15% $3,859
PENNYMAC LOAN SERVICES, LLC 5 3.22% $3,976
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 3.43% $4,244
American Security Mortgage Corp. 5 2.90% $3,694
CALIBER HOME LOANS, INC. 4 3.01% $2,780
LEADERONE FINANCIAL CORPORATION 4 3.06% $3,736
Stifel Bank and Trust 4 2.94% $2,398
VANDERBILT MORTGAGE AND FINANCE, INC. 4 4.03% $5,137
Mortgage Network, Inc. 4 2.91% $3,639
DIRECT MORTGAGE LOANS, LLC 4 3.56% $5,448
AMERICAN FINANCING CORPORATION 4 3.03% $3,625
Flagstar Bank, FSB 4 3.35% $3,603
GoPrime Mortgage, Inc. 4 3.25% $3,961
AmeriHome Mortgage Company, LLC 4 2.84% $3,232
U.S. Bank 4 3.06% $2,324
BROKER SOLUTIONS, INC. 4 3.28% $3,930
CRESCENT MORTGAGE COMPANY 4 3.16% $3,272
SHARONVIEW FEDERAL CREDIT UNION 3 3.29% $2,956
GUILD MORTGAGE COMPANY 3 3.33% $3,532
HOME POINT FINANCIAL CORPORATION 3 3.00% $3,628
InterContinental Capital Group, Inc 3 3.25% $3,577
Bank of England 3 3.04% $4,149
United Community Bank 3 2.96% $3,508
BAY EQUITY LLC 3 3.04% $7,663
UNION HOME MORTGAGE CORP. 3 3.17% $3,852
CAPITAL CENTER, L.L.C. 3 3.21% $749
THRIVE MORTGAGE, LLC 3 3.17% $5,526
Champion Credit Union 3 2.63% $4,038
CHURCHILL MORTGAGE CORPORATION 3 3.33% $4,213
THE MORTGAGE FIRM, INC. 3 3.71% $6,450
TD Bank 3 3.25% $5,709
ZILLOW HOME LOANS, LLC 3 3.13% $6,810
South State Bank 3 3.29% $6,048
SOUTHERN TRUST MORTGAGE, LLC 3 3.21% $4,150
SOUTH CAROLINA FEDERAL CREDIT UNION 3 3.29% $8,053
CROSSCOUNTRY MORTGAGE, LLC 3 3.37% $5,659
ROYAL UNITED MORTGAGE LLC 3 3.38% $8,969
RADIUS FINANCIAL GROUP INC. 3 2.92% $3,098
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 3.46% $3,527
First Bank 3 2.83% $3,698
PHH Mortgage Corporation 3 3.71% $5,061
NP, Inc. 3 3.04% $3,741
Magnolia Bank 3 2.71% $2,865
First Guaranty Mortgage Corporation 2 4.06% $3,692
AgFirst Farm Credit Bank 2 3.06% $7,936
AMERICAN FINANCIAL NETWORK, INC. 2 3.25% $10,046
ANGEL OAK HOME LOANS LLC 2 3.38% $4,667
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 3.38% $5,653
Baxter Credit Union 2 3.00% $2,364
COASTAL Federal Credit Union 2 3.00% $3,936
CORNERSTONE HOME LENDING, INC. 2 3.13% $5,102
Dollar Bank, Federal Savings Bank 2 3.18% $6,885
EMBRACE HOME LOANS, INC. 2 2.99% $4,697
First Savings Bank 2 2.81% $2,924
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 3.88% $3,684
INTERCOASTAL MORTGAGE COMPANY 2 2.94% $2,188
KELLER MORTGAGE, LLC 2 3.06% $1,808
LENDUS, LLC 2 2.69% $3,986
MIDLAND MORTGAGE CORPORATION 2 3.56% $6,297
Mortgage Research Center, LLC 2 3.19% $2,667
MUTUAL OF OMAHA MORTGAGE, INC. 2 2.75% $2,134
NBKC BANK 2 3.13% $3,181
Regions Bank 2 2.75% $4,419
Southern First Bank 2 3.00% $3,775
SUCCESS MORTGAGE PARTNERS, INC. 2 3.13% $3,886
The Fidelity Bank 2 3.31% $3,039
Mortgage Assurance Inc. 1 2.88% $2,029
MORTGAGE EQUITY PARTNERS LLC 1 2.50% $4,327
MORTGAGE INVESTORS GROUP, INC. 1 2.63% $3,427
FORT FINANCIAL Federal Credit Union 1 3.50% $3,140
Barrington Bank & Trust Company, N.A. 1 2.99% $3,707
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 4.13% $5,192
FIRST STATE MORTGAGE SERVICES, LLC 1 2.88% $2,663
First National Bank of America 1 6.99% $7,131
Ameris Bank 1 5.00% $3,866
NASA Federal Credit Union 1 3.00% $5,455
Nations Lending Corporation 1 3.99% $4,724
First Mortgage Solutions, LLC 1 2.63% $2,090
AMERIFIRST FINANCIAL CORPORATION 1 3.25% $4,149
FIRST HOME MORTGAGE CORPORATION 1 3.38% $2,881
NexBank 1 3.38% $3,840
NFM, INC. 1 3.00% $3,182
Northpointe Bank 1 3.25% $3,883
ACOPIA, LLC 1 3.50% $3,265
N R L Federal Credit Union 1 2.75% $3,406
ON Q FINANCIAL, INC. 1 3.13% $3,095
OVM FINANCIAL, INC. 1 3.25% $7,005
First Federal Bank 1 2.99% $3,393
First Community Bank 1 3.38% $3,287
Platinum Home Mortgage Corporation 1 3.25% $5,384
PLAZA HOME MORTGAGE, INC. 1 3.00% $12,193
FirstBank 1 3.13% $1,598
FIDELITY BANK 1 3.00% $6,268
EQUITY RESOURCES, INC. 1 2.88% $3,641
Equity Prime Mortgage LLC 1 3.25% $3,457
EMM LOANS LLC 1 3.38% $6,156
AMERICAN INTERNET MORTGAGE, INC. 1 3.25% $2,833
Renasant Bank 1 3.50% $3,750
RESIDENTIAL MORTGAGE SERVICES, INC. 1 3.00% $3,593
EAGLE HOME MORTGAGE, LLC 1 3.38% $2,390
Discover Bank 1 4.99% $0
SeaTrust Mortgage Company 1 3.49% $3,911
DHI MORTGAGE COMPANY, LTD. 1 2.88% $9,231
Sierra Pacific Mortgage Company, Inc. 1 3.75% $3,769
SIGNATURE MORTGAGE CORPORATION 1 2.63% $4,670
South Atlantic Bank 1 2.99% $3,249
Countybank 1 3.50% $2,958
American Airlines Federal Credit Union 1 3.13% $0
Corporate Investors Mortgage Group, Inc. 1 3.38% $3,905
SOUTHPOINT FINANCIAL SERVICES, INC. 1 3.25% $8,976
COMMUNITY FIRST CREDIT UNION OF FLO 1 3.38% $2,954
Colonial Savings, F.A. 1 3.38% $2,998
STEARNS LENDING, LLC 1 3.25% $2,806
Coastal Carolina National Bank 1 4.00% $5,620
ALLIED MORTGAGE GROUP, INC. 1 3.13% $1,444
SWBC MORTGAGE CORPORATION 1 3.63% $7,296
T2 FINANCIAL LLC 1 3.38% $3,728
CMG MORTGAGE, INC. 1 3.38% $4,781
Telco Community Credit Union 1 4.58% $2,950
AIR ACADEMY 1 2.50% $2,608
City National Bank 1 2.43% $13,182
The Park National Bank 1 3.13% $3,997
Third Federal Savings and Loan Association of Cleveland 1 3.34% $295
CERTAINTY HOME LOANS, LLC 1 3.25% $3,074
TJC Mortgage, Inc. 1 3.50% $3,700
Towne Bank 1 3.13% $2,836
Carrington Mortgage Services, LLC 1 3.75% $5,614
UBS Bank USA 1 3.00% $4,633
BOKF 1 2.88% $3,393
LAKEVIEW LOAN SERVICING, LLC 1 3.25% $1,064
BAYSHORE MORTGAGE FUNDING, LLC 1 3.50% $4,145
ISERVE RESIDENTIAL LENDING, LLC 1 3.25% $3,760
LOANPAL, LLC 1 2.99% $3,779
GUARANTEED RATE AFFINITY, LLC 1 3.13% $4,496
FREEDOM MORTGAGE CORPORATION 1 3.25% $1,744
United Bank 1 2.88% $3,011
MILEND, INC. 1 3.00% $6,507
Morgan Stanley Private Bank 1 2.70% $3,752

Forest City, NC's 169 lenders originated 2,517 loans during 2021. The total origination value was $498,375,000, with an average loan value of $198,004.

The top Forest City lender as defined by loan originations is STATE EMPLOYEES', with 164 loans originated. Their average total fees are $3,468, which is $1,057 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Forest City lenders (with over 10 loans originated) are HomeTrust Bank ($3,051), First-Citizens Bank & Trust Company ($3,311), HOMESTAR FINANCIAL CORPORATION ($3,367), Truist Bank ($3,450) and STATE EMPLOYEES' ($3,468).

The lowest rate Forest City lenders (with over 10 loans originated) are Bank of America (2.86%), AMERISAVE MORTGAGE CORPORATION (2.87%), HomeTrust Bank (2.88%), Truist Bank (2.99%) and UNITED WHOLESALE MORTGAGE, LLC (2.99%).

Forest City, NC Lender Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
STATE EMPLOYEES' $31,965,000 $55,800,000 74.6% 11.2%
QUICKEN LOANS, LLC $37,695,000 $40,630,000 7.8% 8.2%
MOVEMENT MORTGAGE, LLC $28,760,000 $37,135,000 29.1% 7.5%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $26,170,000 $28,620,000 9.4% 5.7%
HomeTrust Bank $10,845,000 $15,270,000 40.8% 3.1%
LOCAL GOVERNMENT FEDERAL CREDIT UNION $7,770,000 $14,610,000 88.0% 2.9%
Truist Bank $18,770,000 $11,490,000 -38.8% 2.3%
Towne Bank $220,000 $11,340,000 5,054.5% 2.3%
HOMESTAR FINANCIAL CORPORATION $7,785,000 $11,165,000 43.4% 2.2%
Wells Fargo Bank $7,990,000 $10,410,000 30.3% 2.1%
First-Citizens Bank & Trust Company $12,395,000 $9,470,000 -23.6% 1.9%
Mortgage Research Center, LLC $3,615,000 $8,435,000 133.3% 1.7%
LOANDEPOT.COM, LLC $5,625,000 $7,955,000 41.4% 1.6%
Bank of America $4,915,000 $7,365,000 49.8% 1.5%
FREEDOM MORTGAGE CORPORATION $7,650,000 $7,070,000 -7.6% 1.4%
United Bank $2,605,000 $6,910,000 165.3% 1.4%
PNC Bank $3,830,000 $6,890,000 79.9% 1.4%
AMERISAVE MORTGAGE CORPORATION $3,265,000 $5,680,000 74.0% 1.1%
PENNYMAC LOAN SERVICES, LLC $1,890,000 $5,225,000 176.5% 1.0%
Blue Ridge Bank $1,055,000 $4,790,000 354.0% 1.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,720,000 $4,595,000 167.2% 0.9%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,675,000 $4,495,000 68.0% 0.9%
GUARANTEED RATE, INC. $4,140,000 $4,375,000 5.7% 0.9%
UNITED WHOLESALE MORTGAGE, LLC $2,635,000 $4,365,000 65.7% 0.9%
NAVY FEDERAL CREDIT UNION $5,570,000 $3,915,000 -29.7% 0.8%
VANDERBILT MORTGAGE AND FINANCE, INC. $3,225,000 $3,880,000 20.3% 0.8%
Citizens Bank $1,420,000 $3,415,000 140.5% 0.7%
United Community Bank $5,840,000 $3,405,000 -41.7% 0.7%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $1,595,000 $3,335,000 109.1% 0.7%
JPMorgan Chase Bank $3,375,000 $3,260,000 -3.4% 0.7%
BETTER MORTGAGE CORPORATION $1,020,000 $3,165,000 210.3% 0.6%
Fifth Third Bank $4,480,000 $3,005,000 -32.9% 0.6%
U.S. Bank $1,615,000 $2,820,000 74.6% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $2,060,000 $2,695,000 30.8% 0.5%
CROSSCOUNTRY MORTGAGE, LLC $1,200,000 $2,675,000 122.9% 0.5%
South State Bank $365,000 $2,660,000 628.8% 0.5%
Wyndham Capital Mortgage, Inc. $1,625,000 $2,585,000 59.1% 0.5%
UNITED $2,315,000 $2,430,000 5.0% 0.5%
American Security Mortgage Corp. $935,000 $2,380,000 154.5% 0.5%
The Fidelity Bank $440,000 $2,265,000 414.8% 0.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $3,255,000 $2,260,000 -30.6% 0.5%
City National Bank $945,000 $2,255,000 138.6% 0.5%
BROKER SOLUTIONS, INC. $1,020,000 $2,245,000 120.1% 0.5%
GoPrime Mortgage, Inc. $1,280,000 $2,215,000 73.0% 0.4%
VILLAGE CAPITAL & INVESTMENT LLC $1,350,000 $2,150,000 59.3% 0.4%
Flagstar Bank, FSB $2,145,000 $2,135,000 -0.5% 0.4%
Bank of England $1,580,000 $2,110,000 33.5% 0.4%
USAA Federal Savings Bank $2,340,000 $2,080,000 -11.1% 0.4%
THE MORTGAGE FIRM, INC. $2,055,000 n/a 0.4%
NEW DAY FINANCIAL, LLC $695,000 $2,035,000 192.8% 0.4%
LAKEVIEW LOAN SERVICING, LLC $205,000 $1,990,000 870.7% 0.4%
Alcova Mortgage LLC $700,000 $1,980,000 182.9% 0.4%
NBKC BANK $730,000 $1,885,000 158.2% 0.4%
UNION HOME MORTGAGE CORP. $2,430,000 $1,760,000 -27.6% 0.4%
AmeriHome Mortgage Company, LLC $220,000 $1,755,000 697.7% 0.4%
Mortgage Network, Inc. $1,710,000 n/a 0.3%
NEWREZ LLC $680,000 $1,705,000 150.7% 0.3%
First Bank $620,000 $1,580,000 154.8% 0.3%
LEADERONE FINANCIAL CORPORATION $155,000 $1,560,000 906.5% 0.3%
AMERICAN FINANCING CORPORATION $585,000 $1,540,000 163.2% 0.3%
HOMESIDE FINANCIAL, LLC $1,215,000 $1,435,000 18.1% 0.3%
RESOURCE FINANCIAL SERVICES, INC. $145,000 $1,395,000 862.1% 0.3%
DIRECT MORTGAGE LOANS, LLC $1,375,000 n/a 0.3%
Truliant Federal Credit Union $450,000 $1,360,000 202.2% 0.3%
HOMEBRIDGE FINANCIAL SERVICES, INC. $580,000 $1,330,000 129.3% 0.3%
LENDUS, LLC $670,000 $1,325,000 97.8% 0.3%
HOME POINT FINANCIAL CORPORATION $1,035,000 $1,315,000 27.1% 0.3%
Ameris Bank $2,750,000 $1,300,000 -52.7% 0.3%
AMERICAN FINANCIAL NETWORK, INC. $955,000 $1,285,000 34.6% 0.3%
InterContinental Capital Group, Inc $440,000 $1,265,000 187.5% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $2,125,000 $1,250,000 -41.2% 0.3%
ACOPIA, LLC $1,745,000 $1,245,000 -28.7% 0.2%
CALIBER HOME LOANS, INC. $2,600,000 $1,215,000 -53.3% 0.2%
SOUTHERN TRUST MORTGAGE, LLC $2,105,000 $1,190,000 -43.5% 0.2%
TD Bank $2,855,000 $1,160,000 -59.4% 0.2%
PENTAGON FEDERAL CREDIT UNION $695,000 $1,150,000 65.5% 0.2%
Stifel Bank and Trust $940,000 $1,130,000 20.2% 0.2%
SHARONVIEW FEDERAL CREDIT UNION $505,000 $1,085,000 114.9% 0.2%
UBS Bank USA $1,085,000 n/a 0.2%
Southern First Bank $1,735,000 $1,070,000 -38.3% 0.2%
AgFirst Farm Credit Bank $3,125,000 $1,055,000 -66.2% 0.2%
The Park National Bank $680,000 $1,045,000 53.7% 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $1,055,000 $1,040,000 -1.4% 0.2%
CRESCENT MORTGAGE COMPANY $730,000 $1,035,000 41.8% 0.2%
CLEARPATH LENDING $860,000 $1,015,000 18.0% 0.2%
SOUTH CAROLINA FEDERAL CREDIT UNION $285,000 $1,015,000 256.1% 0.2%
First Guaranty Mortgage Corporation $285,000 $1,005,000 252.6% 0.2%
GUILD MORTGAGE COMPANY $730,000 $1,005,000 37.7% 0.2%
BAY EQUITY LLC $850,000 $990,000 16.5% 0.2%
EMBRACE HOME LOANS, INC. $950,000 n/a 0.2%
ZILLOW HOME LOANS, LLC $275,000 $915,000 232.7% 0.2%
Pinnacle Bank $910,000 n/a 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $115,000 $895,000 678.3% 0.2%
AMERIFIRST FINANCIAL CORPORATION $740,000 $885,000 19.6% 0.2%
MIDLAND MORTGAGE CORPORATION $865,000 n/a 0.2%
Regions Bank $1,135,000 $865,000 -23.8% 0.2%
PLAZA HOME MORTGAGE, INC. $385,000 $845,000 119.5% 0.2%
SOUTHWEST STAGE FUNDING, LLC $465,000 $820,000 76.3% 0.2%
SOVEREIGN LENDING GROUP INCORPORATED $820,000 n/a 0.2%
ALLEGACY FEDERAL CREDIT UNION $85,000 $810,000 852.9% 0.2%
Southern Bank and Trust Company $810,000 n/a 0.2%
ROYAL UNITED MORTGAGE LLC $545,000 $805,000 47.7% 0.2%
Dollar Bank, Federal Savings Bank $425,000 $790,000 85.9% 0.2%
CHURCHILL MORTGAGE CORPORATION $1,190,000 $785,000 -34.0% 0.2%
CAPITAL CENTER, L.L.C. $735,000 n/a 0.1%
COASTAL Federal Credit Union $805,000 $735,000 -8.7% 0.1%
CORNERSTONE HOME LENDING, INC. $350,000 $720,000 105.7% 0.1%
KELLER MORTGAGE, LLC $1,195,000 $720,000 -39.7% 0.1%
PHH Mortgage Corporation $700,000 n/a 0.1%
South Atlantic Bank $700,000 n/a 0.1%
Champion Credit Union $705,000 $675,000 -4.3% 0.1%
BAYSHORE MORTGAGE FUNDING, LLC $645,000 n/a 0.1%
STEARNS LENDING, LLC $1,140,000 $645,000 -43.4% 0.1%
Bank OZK $1,115,000 $630,000 -43.5% 0.1%
ANGEL OAK HOME LOANS LLC $620,000 n/a 0.1%
Magnolia Bank $1,355,000 $610,000 -55.0% 0.1%
CMG MORTGAGE, INC. $255,000 $605,000 137.3% 0.1%
THRIVE MORTGAGE, LLC $575,000 n/a 0.1%
RADIUS FINANCIAL GROUP INC. $560,000 n/a 0.1%
BOKF $545,000 n/a 0.1%
Carrington Mortgage Services, LLC $545,000 n/a 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,150,000 $535,000 -53.5% 0.1%
Morgan Stanley Private Bank $535,000 n/a 0.1%
Low VA Rates, LLC $925,000 $525,000 -43.2% 0.1%
OVM FINANCIAL, INC. $525,000 n/a 0.1%
CALCON MUTUAL MORTGAGE LLC $515,000 n/a 0.1%
NP, Inc. $300,000 $505,000 68.3% 0.1%
SeaTrust Mortgage Company $500,000 n/a 0.1%
The Federal Savings Bank $735,000 $495,000 -32.7% 0.1%
American Airlines Federal Credit Union $730,000 $485,000 -33.6% 0.1%
RAPID MORTGAGE COMPANY $485,000 n/a 0.1%
Arthur State Bank $370,000 $455,000 23.0% 0.1%
UNITED SECURITY FINANCIAL CORP $450,000 n/a 0.1%
LOANPAL, LLC $445,000 n/a 0.1%
First Savings Bank $185,000 $440,000 137.8% 0.1%
EQUITY RESOURCES, INC. $175,000 $425,000 142.9% 0.1%
FIRST HOME MORTGAGE CORPORATION $790,000 $420,000 -46.8% 0.1%
Advisors Mortgage Group, L.L.C. $415,000 n/a 0.1%
GUARANTEED RATE AFFINITY, LLC $415,000 n/a 0.1%
DHI MORTGAGE COMPANY, LTD. $385,000 n/a 0.1%
FIDELITY BANK $385,000 n/a 0.1%
RUOFF MORTGAGE COMPANY, INC. $125,000 $385,000 208.0% 0.1%
21ST MORTGAGE CORPORATION $255,000 $375,000 47.1% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $380,000 $370,000 -2.6% 0.1%
Colonial Savings, F.A. $425,000 $365,000 -14.1% 0.1%
Nations Lending Corporation $365,000 n/a 0.1%
INTERCOASTAL MORTGAGE COMPANY $185,000 $360,000 94.6% 0.1%
AMERICAN ADVISORS GROUP $35,000 $355,000 914.3% 0.1%
Oakstar Bank $355,000 n/a 0.1%
Baxter Credit Union $35,000 $345,000 885.7% 0.1%
FINANCE OF AMERICA REVERSE LLC $220,000 $345,000 56.8% 0.1%
EAGLE HOME MORTGAGE, LLC $340,000 n/a 0.1%
Renasant Bank $970,000 $335,000 -65.5% 0.1%
NFM, INC. $325,000 $330,000 1.5% 0.1%
RELIANCE FIRST CAPITAL, LLC $565,000 $330,000 -41.6% 0.1%
Barrington Bank & Trust Company, N.A. $1,235,000 $315,000 -74.5% 0.1%
FirstBank $505,000 $315,000 -37.6% 0.1%
MORTGAGE EQUITY PARTNERS LLC $315,000 n/a 0.1%
MILEND, INC. $305,000 n/a 0.1%
Plains Commerce Bank $340,000 $305,000 -10.3% 0.1%
SELF-HELP Credit Union $65,000 $305,000 369.2% 0.1%
SWBC MORTGAGE CORPORATION $225,000 $295,000 31.1% 0.1%
TIAA, FSB $485,000 $295,000 -39.2% 0.1%
DOMINION FINANCIAL SERVICES, LLC $180,000 $290,000 61.1% 0.1%
COMMUNITY FIRST CREDIT UNION OF FLO $285,000 n/a 0.1%
First Mortgage Solutions, LLC $285,000 n/a 0.1%
Sierra Pacific Mortgage Company, Inc. $125,000 $285,000 128.0% 0.1%
Watermark Capital, Inc. $530,000 $285,000 -46.2% 0.1%
Mid-Continent Funding, Inc. $825,000 $280,000 -66.1% 0.1%
MORTGAGE INVESTORS GROUP, INC. $245,000 $275,000 12.2% 0.1%
NATIONS RELIABLE LENDING, LLC $275,000 n/a 0.1%
First Federal Bank $305,000 $265,000 -13.1% 0.1%
Platinum Home Mortgage Corporation $265,000 n/a 0.1%
Grow Financial Federal Credit Union $255,000 n/a 0.1%
Carolina Bank & Trust $245,000 n/a 0.0%
LATINO COMMUNITY CREDIT UNION $235,000 n/a 0.0%
NASA Federal Credit Union $235,000 n/a 0.0%
Northpointe Bank $450,000 $235,000 -47.8% 0.0%
Manufacturers and Traders Trust Company $230,000 n/a 0.0%
ALLIED MORTGAGE GROUP, INC. $225,000 n/a 0.0%
ARC HOME LLC $225,000 n/a 0.0%
Colten Mortgage, LLC $165,000 $225,000 36.4% 0.0%
EMM LOANS LLC $400,000 $225,000 -43.8% 0.0%
VERITAS FUNDING, LLC $225,000 n/a 0.0%
CERTAINTY HOME LOANS, LLC $220,000 n/a 0.0%
Hometown Lenders, Inc. $565,000 $220,000 -61.1% 0.0%
AIR ACADEMY $215,000 n/a 0.0%
Corporate Investors Mortgage Group, Inc. $215,000 n/a 0.0%
GUARANTY HOME MORTGAGE CORPORATION $765,000 $215,000 -71.9% 0.0%
TJC Mortgage, Inc. $350,000 $215,000 -38.6% 0.0%
CPM Federal Credit Union $205,000 n/a 0.0%
FIRST STATE MORTGAGE SERVICES, LLC $205,000 n/a 0.0%
RESIDENTIAL MORTGAGE SERVICES, INC. $675,000 $205,000 -69.6% 0.0%
ACCELERATE MORTGAGE, LLC $195,000 n/a 0.0%
Coastal Carolina National Bank $195,000 n/a 0.0%
Countybank $590,000 $195,000 -66.9% 0.0%
AMERICAN INTERNET MORTGAGE, INC. $105,000 $185,000 76.2% 0.0%
NTFN, INC. $185,000 n/a 0.0%
Third Federal Savings and Loan Association of Cleveland $205,000 $185,000 -9.8% 0.0%
Mortgage Assurance Inc. $175,000 n/a 0.0%
SIGNATURE MORTGAGE CORPORATION $315,000 $175,000 -44.4% 0.0%
T2 FINANCIAL LLC $665,000 $175,000 -73.7% 0.0%
CONTOUR MORTGAGE CORPORATION $165,000 n/a 0.0%
First National Bank of America $225,000 $165,000 -26.7% 0.0%
LONGBRIDGE FINANCIAL, LLC $165,000 n/a 0.0%
Equity Prime Mortgage LLC $155,000 n/a 0.0%
First Community Bank $590,000 $155,000 -73.7% 0.0%
Ally Bank $275,000 $145,000 -47.3% 0.0%
AMCAP MORTGAGE, LTD. $365,000 $145,000 -60.3% 0.0%
FINANCE OF AMERICA COMMERCIAL LLC $190,000 $145,000 -23.7% 0.0%
FORT FINANCIAL Federal Credit Union $145,000 n/a 0.0%
SOUTHPOINT FINANCIAL SERVICES, INC. $145,000 n/a 0.0%
Visio Financial Services Inc. $145,000 n/a 0.0%
ABSOLUTE HOME MORTGAGE CORPORATION $135,000 n/a 0.0%
ENVOY MORTGAGE, LTD $1,125,000 $135,000 -88.0% 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $155,000 $135,000 -12.9% 0.0%
Figure Lending LLC $135,000 $130,000 -3.7% 0.0%
Leader Bank $125,000 n/a 0.0%
N R L Federal Credit Union $125,000 n/a 0.0%
SUN WEST MORTGAGE COMPANY, INC. $400,000 $125,000 -68.8% 0.0%
Telco Community Credit Union $105,000 $125,000 19.0% 0.0%
Wolfe Financial, Inc $125,000 n/a 0.0%
Lakeview Community Capital, LLC $305,000 $115,000 -62.3% 0.0%
IMPAC MORTGAGE CORP. $105,000 n/a 0.0%
ISERVE RESIDENTIAL LENDING, LLC $105,000 n/a 0.0%
Northwest Federal Credit Union $315,000 $105,000 -66.7% 0.0%
LENDINGHOME FUNDING CORPORATION $95,000 n/a 0.0%
ON Q FINANCIAL, INC. $95,000 n/a 0.0%
Arvest Bank $85,000 n/a 0.0%
NexBank $85,000 n/a 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $285,000 $65,000 -77.2% 0.0%
Discover Bank $55,000 $55,000 0.0% 0.0%
Home Loan Investment Bank, F.S.B. $25,000 $40,000 60.0% 0.0%
INOVA FEDERAL CREDIT UNION $25,000 n/a 0.0%

Forest City's top lender by overall market share is STATE EMPLOYEES', with 11.2% market share. In second place, with 8.2%, is QUICKEN LOANS, LLC, having originated $40,630,000 in loans. In third place, with 7.5%, is MOVEMENT MORTGAGE, LLC, having originated $37,135,000 in loans. In third place, with 5.7%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $28,620,000 in loans. In third place, with 3.1%, is HomeTrust Bank, having originated $15,270,000 in loans.


Forest City, NC Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,091 $264,005,000 $241,984
Refi 843 $147,875,000 $175,415
Cash Out Refi 349 $65,065,000 $186,433
Other 138 $13,760,000 $99,710
Home Improvement 96 $7,670,000 $79,896

Forest City's most frequently cited loan purpose was Home Purchase, with 1,091 originations. The 2nd most popular reason was Refi, with 843 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 1,064 $222,440,000 $209,060
2.5-3% 982 $184,300,000 $187,678
<2.5% 301 $68,895,000 $228,887
4-5% 116 $17,150,000 $147,845
5-6% 14 $1,520,000 $108,571
6-7% 14 $1,290,000 $92,143
7-8% 11 $1,325,000 $120,455
Over 8% 11 $1,095,000 $99,545

During 2021, Forest City's most frequently originated rate bucket was 3-4%, with 1,064 originations.

Loan Sizing (Forest City, NC MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 1,072 $155,990,000 $145,513
$200k-400k 760 $204,860,000 $269,553
$100,000 or less 511 $33,005,000 $64,589
$400k-600k 146 $69,360,000 $475,068
$600k-1000k 19 $13,705,000 $721,316
$Over $1MM 9 $21,455,000 $2,383,889

Forest City's loan sizing saw the bucket of loans from $100k-200k with 1,072 originations, totaling $155,990,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 964 $214,550,000 $222,562
60-80% 750 $165,400,000 $220,533
40-60% 343 $65,815,000 $191,880
20-40% 243 $26,795,000 $110,267
Under 20% 112 $4,710,000 $42,054
Over 100% 44 $10,150,000 $230,682

Forest City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 964 originations, totaling $214,550,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Forest City (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 $249,950 (25.0%) $370,513 (28.8%) 0.00 621
2018-02-01 $229,450 (12.0%) $360,228 (24.6%) 0.00 473
2018-03-01 $231,500 (10.2%) $370,867 (24.1%) 0.00 484
2018-04-01 $244,450 (11.2%) $380,071 (19.8%) 0.00 513
2018-05-01 $259,250 (15.1%) $390,209 (18.9%) 0.00 553
2018-06-01 $279,900 (16.9%) $431,436 (29.5%) 0.00 519
2018-07-01 $289,900 (20.8%) $436,134 (28.4%) 0.00 562
2018-08-01 $296,500 (21.9%) $443,227 (28.1%) 0.00 568
2018-09-01 $298,500 (22.1%) $441,642 (25.9%) 0.00 607
2018-10-01 $288,000 (15.2%) $429,300 (20.1%) 0.00 586
2018-11-01 $279,900 (12.0%) $419,284 (16.8%) 0.00 591
2018-12-01 $289,000 (15.7%) $422,361 (16.7%) 0.00 540
2019-01-01 $289,450 (15.8%) $423,290 (14.2%) 0.00 500
2019-02-01 $295,000 (28.6%) $421,849 (17.1%) 0.00 482
2019-03-01 $291,000 (25.7%) $423,392 (14.2%) 0.00 511
2019-04-01 $299,000 (22.3%) $432,810 (13.9%) 0.00 528
2019-05-01 $299,250 (15.4%) $430,917 (10.4%) 0.00 565
2019-06-01 $299,000 (6.8%) $437,425 (1.4%) 0.00 593
2019-07-01 $299,450 (3.3%) $433,217 (-0.7%) 0.00 577
2019-08-01 $299,514 (1.0%) $414,387 (-6.5%) 0.00 550
2019-09-01 $299,000 (0.2%) $402,292 (-8.9%) 0.00 546
2019-10-01 $292,450 (1.6%) $399,566 (-6.9%) 0.00 556
2019-11-01 $275,000 (-1.8%) $383,114 (-8.6%) 0.00 522
2019-12-01 $259,925 (-10.1%) $369,333 (-12.6%) 0.00 466
2020-01-01 $275,000 (-5.0%) $385,924 (-8.8%) 0.00 387
2020-02-01 $275,000 (-6.8%) $394,174 (-6.6%) 0.00 367
2020-03-01 $289,950 (-0.4%) $404,683 (-4.4%) 0.00 353
2020-04-01 $279,000 (-6.7%) $409,185 (-5.5%) 0.00 344
2020-05-01 $320,000 (6.9%) $434,858 (0.9%) 0.00 317
2020-06-01 $349,700 (17.0%) $454,547 (3.9%) 0.00 291
2020-07-01 $349,900 (16.9%) $460,864 (6.4%) 0.00 262
2020-08-01 $349,000 (16.5%) $458,691 (10.7%) 0.00 236
2020-09-01 $352,450 (17.9%) $464,259 (15.4%) 0.00 188
2020-10-01 $299,500 (2.4%) $430,548 (7.8%) 0.00 179
2020-11-01 $285,000 (3.6%) $407,824 (6.5%) 0.00 176
2020-12-01 $287,200 (10.5%) $412,127 (11.6%) 0.00 160
2021-01-01 $284,000 (3.3%) $398,766 (3.3%) 0.00 134
2021-02-01 $269,450 (-2.0%) $385,030 (-2.3%) 0.00 132
2021-03-01 $256,400 (-11.6%) $420,256 (3.9%) 0.00 101
2021-04-01 $302,500 (8.4%) $462,506 (13.0%) 0.00 88
2021-05-01 $379,000 (18.4%) $512,761 (17.9%) 0.00 99
2021-06-01 $364,450 (4.2%) $498,497 (9.7%) 0.00 129
2021-07-01 $322,450 (-7.9%) $464,399 (0.8%) 0.00 152
2021-08-01 $332,450 (-4.7%) $460,397 (0.4%) 0.00 164
2021-09-01 $325,000 (-7.8%) $470,361 (1.3%) 0.00 154
2021-10-01 $325,000 (8.5%) $477,115 (10.8%) 0.00 168
2021-11-01 $324,500 (13.9%) $432,525 (6.1%) 0.00 140
2021-12-01 $317,500 (10.6%) $437,183 (6.1%) 0.00 138
2022-01-01 $299,000 (5.3%) $429,518 (7.7%) 0.00 114
2022-02-01 $314,250 (16.6%) $423,790 (10.1%) 0.00 99
2022-03-01 $342,450 (33.6%) $461,754 (9.9%) 0.00 87
2022-04-01 $375,000 (24.0%) $476,293 (3.0%) 0.00 90
2022-05-01 $330,450 (-12.8%) $455,780 (-11.1%) 0.00 111
2022-06-01 $305,000 (-16.3%) $461,777 (-7.4%) 0.00 122
Forest City's median listing price for 2022-06-01 was $305,000, a difference of $-59,450 (-16.3%) versus the prior year and $-25,450 versus the prior month.

Forest City's median listing price comes in at 0% of the national average.

Forest City's average listing price for 2022-06-01 was $461,777, a difference of $-36,720 (-7.4%) versus the prior year and $5,997 versus the prior month.

For the 2022-06-01 period, Forest City had 122 MLS listings, a difference of 11 listings (10%) versus the prior month and -7 listings (-5%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Forest City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,963 sqft
2018-02-01 0 days 1,888 sqft
2018-03-01 0 days 1,978 sqft
2018-04-01 0 days 2,019 sqft
2018-05-01 0 days 2,023 sqft
2018-06-01 0 days 2,020 sqft
2018-07-01 0 days 2,032 sqft
2018-08-01 0 days 2,040 sqft
2018-09-01 0 days 2,062 sqft
2018-10-01 0 days 2,062 sqft
2018-11-01 0 days 2,062 sqft
2018-12-01 0 days 2,062 sqft
2019-01-01 0 days 2,062 sqft
2019-02-01 0 days 2,017 sqft
2019-03-01 0 days 1,994 sqft
2019-04-01 0 days 2,013 sqft
2019-05-01 0 days 2,041 sqft
2019-06-01 0 days 2,200 sqft
2019-07-01 0 days 2,225 sqft
2019-08-01 0 days 2,200 sqft
2019-09-01 0 days 2,080 sqft
2019-10-01 0 days 2,039 sqft
2019-11-01 0 days 1,982 sqft
2019-12-01 0 days 1,917 sqft
2020-01-01 0 days 1,925 sqft
2020-02-01 0 days 1,890 sqft
2020-03-01 0 days 1,901 sqft
2020-04-01 0 days 2,009 sqft
2020-05-01 0 days 2,009 sqft
2020-06-01 0 days 2,167 sqft
2020-07-01 0 days 2,167 sqft
2020-08-01 0 days 2,183 sqft
2020-09-01 0 days 1,944 sqft
2020-10-01 0 days 1,832 sqft
2020-11-01 0 days 1,695 sqft
2020-12-01 0 days 1,662 sqft
2021-01-01 0 days 1,660 sqft
2021-02-01 0 days 1,640 sqft
2021-03-01 0 days 1,658 sqft
2021-04-01 0 days 1,726 sqft
2021-05-01 0 days 1,944 sqft
2021-06-01 0 days 2,120 sqft
2021-07-01 0 days 1,849 sqft
2021-08-01 0 days 1,896 sqft
2021-09-01 0 days 1,880 sqft
2021-10-01 0 days 1,960 sqft
2021-11-01 0 days 1,804 sqft
2021-12-01 0 days 1,775 sqft
2022-01-01 0 days 1,507 sqft
2022-02-01 0 days 1,710 sqft
2022-03-01 0 days 1,881 sqft
2022-04-01 0 days 1,784 sqft
2022-05-01 0 days 1,792 sqft
2022-06-01 0 days 1,762 sqft
Forest City's median listing age (time on market) for 2022-06-01 was 0 days.

Forest City's median square footage for active listings during the 2022-06-01 period was 1,762 sqft. One year prior, the average listing was 2,120 sqft.