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.).
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.
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.
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.
