Fort Payne Mortgage Rates

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

30 Year Fixed Rate mortgages in Fort Payne averaged 5.82% 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 6.03% and one month ago for the week of 2022-05-26, the average rate was 5.22%.

Fort Payne's average rate one year ago was 3.41%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.71%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Fort Payne 30 Year Fixed Rate 2022-06-30 5.82%
Fort Payne 30 Year Fixed Rate Refi 2022-06-30 5.71%
Fort Payne 15 Year Fixed Rate 2022-06-30 5.38%
Fort Payne 15 Year Fixed Rate Refi 2022-06-30 5.25%
Fort Payne 30 Year FHA 2022-06-30 5.88%
Fort Payne 30 Year FHA Refi 2022-06-30 5.88%
Fort Payne 30 Year USDA 2022-06-30 5.76%
Fort Payne 30 Year USDA Refi 2022-06-30 5.57%
Fort Payne 30 Year VA 2022-06-30 5.97%
Fort Payne 30 Year VA Refi 2022-06-30 5.5%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Fort Payne, AL.

Fort Payne 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 Fort Payne, AL market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 66 3.14% $5,177
Regions Bank 50 3.07% $3,641
Renasant Bank 44 2.99% $4,531
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 38 3.28% $3,584
MORTGAGE INVESTORS GROUP, INC. 34 3.12% $3,227
LOANDEPOT.COM, LLC 16 3.19% $4,974
REDSTONE Federal Credit Union 14 4.23% $2,877
GMFS LLC 13 3.11% $3,694
BBVA USA 10 3.39% $3,465
FirstBank 10 2.95% $6,039
CERTAINTY HOME LOANS, LLC 10 3.26% $5,168
ALABAMA TEACHERS 9 3.36% $1,527
HOME POINT FINANCIAL CORPORATION 8 2.89% $4,442
UNITED WHOLESALE MORTGAGE, LLC 7 3.05% $4,547
InterContinental Capital Group, Inc 5 3.30% $4,193
First Federal Bank, A FSB 5 3.15% $3,184
Trustmark National Bank 5 2.90% $4,154
BROKER SOLUTIONS, INC. 5 3.25% $4,715
CALIBER HOME LOANS, INC. 5 2.96% $3,362
TJC Mortgage, Inc. 5 3.53% $3,887
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 3.25% $3,703
AMERISAVE MORTGAGE CORPORATION 4 2.72% $6,648
Goldwater Bank, N.A. 4 3.19% $4,157
PENNYMAC LOAN SERVICES, LLC 4 3.59% $4,391
CHURCHILL MORTGAGE CORPORATION 3 3.21% $3,335
NFM, INC. 3 3.25% $3,249
NAVY FEDERAL CREDIT UNION 3 3.46% $2,118
Consumer First Mortgage, Inc. 3 2.63% $3,813
FREEDOM MORTGAGE CORPORATION 3 3.50% $2,074
BETTER MORTGAGE CORPORATION 3 2.96% $3,126
Mr. Cooper ( Nationstar Mortgage ) 3 3.67% $3,570
APCO EMPLOYEES 3 3.64% $0
Wells Fargo Bank 3 3.46% $3,125
ACOPIA, LLC 3 3.50% $4,099
Hometown Lenders, Inc. 3 3.42% $3,337
AMERICAN FINANCING CORPORATION 2 3.13% $2,212
U.S. Bank 2 3.06% $2,029
HOMESIDE FINANCIAL, LLC 2 3.25% $2,315
JPMorgan Chase Bank 2 3.43% $3,802
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.31% $3,248
BancorpSouth Bank 2 3.31% $4,144
HOMESTAR FINANCIAL CORPORATION 2 3.25% $2,931
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.38% $5,460
MUTUAL OF OMAHA MORTGAGE, INC. 2 3.31% $5,272
BAY EQUITY LLC 2 2.93% $3,707
Bank of America 2 2.81% $2,922
Pinnacle Bank 2 3.19% $3,849
PNC Bank 2 3.19% $4,458
ZILLOW HOME LOANS, LLC 1 3.25% $3,128
Alabama One Credit Union 1 3.00% $4,479
Ally Bank 1 3.13% $3,240
AmeriHome Mortgage Company, LLC 1 3.63% $5,110
Ameris Bank 1 3.50% $3,002
Bryant Bank 1 2.50% $2,804
Cadence Bank, N.A. 1 2.75% $1,827
Citizens Bank 1 3.00% $3,957
Community Bank of Mississippi 1 3.25% $2,515
Discover Bank 1 6.75% $0
First Guaranty Mortgage Corporation 1 3.25% $2,510
First Horizon Bank 1 3.00% $3,506
Flagstar Bank, FSB 1 3.22% $2,265
GUARANTEED RATE, INC. 1 3.25% $3,814
GUILD MORTGAGE COMPANY 1 3.25% $5,061
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.00% $3,234
HOMESPIRE MORTGAGE CORPORATION 1 3.00% $3,895
INTERLINC MORTGAGE SERVICES, LLC 1 3.63% $4,193
KELLER MORTGAGE, LLC 1 2.88% $3,164
MCLEAN MORTGAGE CORPORATION 1 2.75% $2,671
MILEND, INC. 1 3.25% $10,302
Mortgage Research Center, LLC 1 3.25% $2,023
MOVEMENT MORTGAGE, LLC 1 3.13% $4,982
Nations Lending Corporation 1 3.25% $6,773
Northpointe Bank 1 3.00% $3,293
RELIANCE FIRST CAPITAL, LLC 1 3.63% $7,808
ServisFirst Bank 1 3.50% $3,664
SOUTHWEST FUNDING, LP 1 2.75% $5,923
SOVEREIGN LENDING GROUP INCORPORATED 1 3.25% $4,550
SPRING EQ, LLC 1 3.38% $3,195
Stifel Bank and Trust 1 2.88% $3,906
STOCKTON MORTGAGE CORPORATION 1 3.25% $3,252
SUMMIT FUNDING, INC. 1 4.88% $4,602
SWBC MORTGAGE CORPORATION 1 3.00% $2,368
TIAA, FSB 1 3.75% $2,798
Total Media Management, LLC 1 3.13% $4,023
Truist Bank 1 2.88% $2,836
United Community Bank 1 2.65% $2,906
United Community Bank 1 3.13% $3,599
VANDERBILT MORTGAGE AND FINANCE, INC. 1 3.13% $3,913

Fort Payne, AL's 88 lenders originated 1,437 loans during 2021. The total origination value was $230,805,000, with an average loan value of $160,616.

The top Fort Payne lender as defined by loan originations is QUICKEN LOANS, LLC, with 66 loans originated. Their average total fees are $5,177, which is $1,536 higher than the next largest lender, Regions Bank.

The lowest fee Fort Payne lenders (with over 10 loans originated) are REDSTONE Federal Credit Union ($2,877), MORTGAGE INVESTORS GROUP, INC. ($3,227), BBVA USA ($3,465), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,584) and Regions Bank ($3,641).

The lowest rate Fort Payne lenders (with over 10 loans originated) are FirstBank (2.95%), Renasant Bank (2.99%), Regions Bank (3.07%), GMFS LLC (3.11%) and MORTGAGE INVESTORS GROUP, INC. (3.12%).

Fort Payne, AL 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
QUICKEN LOANS, LLC $16,500,000 $26,160,000 58.5% 11.3%
Regions Bank $19,785,000 $20,650,000 4.4% 8.9%
Renasant Bank $16,215,000 $17,655,000 8.9% 7.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $9,455,000 $17,170,000 81.6% 7.4%
MORTGAGE INVESTORS GROUP, INC. $7,815,000 $8,610,000 10.2% 3.7%
Mortgage Research Center, LLC $4,825,000 $6,345,000 31.5% 2.7%
CERTAINTY HOME LOANS, LLC $3,570,000 $6,130,000 71.7% 2.7%
LOANDEPOT.COM, LLC $11,720,000 $6,085,000 -48.1% 2.6%
FREEDOM MORTGAGE CORPORATION $3,800,000 $5,690,000 49.7% 2.5%
GMFS LLC $3,575,000 $5,310,000 48.5% 2.3%
FirstBank $2,735,000 $4,850,000 77.3% 2.1%
BBVA USA $7,045,000 $4,125,000 -41.4% 1.8%
UNITED WHOLESALE MORTGAGE, LLC $1,235,000 $3,825,000 209.7% 1.7%
Liberty Bank $4,325,000 $3,530,000 -18.4% 1.5%
REDSTONE Federal Credit Union $3,740,000 $3,525,000 -5.7% 1.5%
Wells Fargo Bank $1,785,000 $3,470,000 94.4% 1.5%
CALIBER HOME LOANS, INC. $1,665,000 $3,400,000 104.2% 1.5%
VANDERBILT MORTGAGE AND FINANCE, INC. $2,065,000 $3,050,000 47.7% 1.3%
PENNYMAC LOAN SERVICES, LLC $2,845,000 $2,810,000 -1.2% 1.2%
HOME POINT FINANCIAL CORPORATION $930,000 $2,805,000 201.6% 1.2%
Citizens Bank & Trust, Inc. $2,190,000 $2,720,000 24.2% 1.2%
ALABAMA TEACHERS $1,670,000 $2,530,000 51.5% 1.1%
Trustmark National Bank $1,855,000 $2,220,000 19.7% 1.0%
TJC Mortgage, Inc. $2,335,000 $2,130,000 -8.8% 0.9%
AMERISAVE MORTGAGE CORPORATION $830,000 $2,010,000 142.2% 0.9%
First Federal Bank, A FSB $3,220,000 $1,905,000 -40.8% 0.8%
Goldwater Bank, N.A. $1,530,000 $1,885,000 23.2% 0.8%
BROKER SOLUTIONS, INC. $1,265,000 $1,865,000 47.4% 0.8%
Hometown Lenders, Inc. $665,000 $1,755,000 163.9% 0.8%
ACOPIA, LLC $1,190,000 $1,700,000 42.9% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $1,155,000 $1,620,000 40.3% 0.7%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $630,000 $1,545,000 145.2% 0.7%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $135,000 $1,415,000 948.1% 0.6%
JPMorgan Chase Bank $385,000 $1,410,000 266.2% 0.6%
LAKEVIEW LOAN SERVICING, LLC $260,000 $1,395,000 436.5% 0.6%
BancorpSouth Bank $1,420,000 $1,290,000 -9.2% 0.6%
NEW DAY FINANCIAL, LLC $1,020,000 $1,130,000 10.8% 0.5%
MOVEMENT MORTGAGE, LLC $850,000 $1,120,000 31.8% 0.5%
21ST MORTGAGE CORPORATION $1,095,000 $1,095,000 0.0% 0.5%
Consumer First Mortgage, Inc. $295,000 $1,095,000 271.2% 0.5%
Bank of America $845,000 $1,085,000 28.4% 0.5%
BETTER MORTGAGE CORPORATION $1,020,000 n/a 0.4%
USAA Federal Savings Bank $2,605,000 $950,000 -63.5% 0.4%
CHURCHILL MORTGAGE CORPORATION $530,000 $945,000 78.3% 0.4%
Bryant Bank $860,000 n/a 0.4%
VILLAGE CAPITAL & INVESTMENT LLC $880,000 $830,000 -5.7% 0.4%
NAVY FEDERAL CREDIT UNION $535,000 $820,000 53.3% 0.4%
InterContinental Capital Group, Inc $815,000 n/a 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $565,000 $765,000 35.4% 0.3%
HOMESIDE FINANCIAL, LLC $750,000 n/a 0.3%
BAY EQUITY LLC $380,000 $740,000 94.7% 0.3%
AMERICAN FINANCING CORPORATION $725,000 n/a 0.3%
NEWREZ LLC $600,000 $675,000 12.5% 0.3%
Truist Bank $1,340,000 $660,000 -50.7% 0.3%
Ameris Bank $265,000 $640,000 141.5% 0.3%
GUARANTY HOME MORTGAGE CORPORATION $620,000 n/a 0.3%
United Community Bank $155,000 $610,000 293.5% 0.3%
HOMESTAR FINANCIAL CORPORATION $470,000 $590,000 25.5% 0.3%
U.S. Bank $115,000 $585,000 408.7% 0.3%
Barrington Bank & Trust Company, N.A. $235,000 $575,000 144.7% 0.2%
Ally Bank $570,000 n/a 0.2%
NFM, INC. $570,000 n/a 0.2%
FAMILY SAVINGS $65,000 $555,000 753.8% 0.2%
South State Bank $170,000 $550,000 223.5% 0.2%
FINANCE OF AMERICA REVERSE LLC $45,000 $545,000 1,111.1% 0.2%
Synovus Bank $210,000 $540,000 157.1% 0.2%
FIRST COMMUNITY MORTGAGE, INC. $530,000 n/a 0.2%
SOUTHWEST STAGE FUNDING, LLC $135,000 $515,000 281.5% 0.2%
KELLER MORTGAGE, LLC $510,000 n/a 0.2%
EvaBank $315,000 $495,000 57.1% 0.2%
APCO EMPLOYEES $245,000 $490,000 100.0% 0.2%
Total Media Management, LLC $710,000 $485,000 -31.7% 0.2%
Citizens Bank & Trust $515,000 $475,000 -7.8% 0.2%
Assurance Financial Group, L.L.C. $215,000 $445,000 107.0% 0.2%
Citizens Bank $620,000 $425,000 -31.5% 0.2%
Bank of England $410,000 $410,000 0.0% 0.2%
CSL Financial, LLC $255,000 $410,000 60.8% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $135,000 $405,000 200.0% 0.2%
First Jackson Bank, Inc. $585,000 $370,000 -36.8% 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $270,000 $370,000 37.0% 0.2%
AMERIFIRST FINANCIAL CORPORATION $210,000 $365,000 73.8% 0.2%
PLANET HOME LENDING, LLC $365,000 n/a 0.2%
Pinnacle Bank $390,000 $360,000 -7.7% 0.2%
TENNESSEE VALLEY $270,000 $360,000 33.3% 0.2%
First Federal Bank $345,000 n/a 0.1%
Flagstar Bank, FSB $320,000 $345,000 7.8% 0.1%
ServisFirst Bank $85,000 $345,000 305.9% 0.1%
ZILLOW HOME LOANS, LLC $145,000 $345,000 137.9% 0.1%
ISERVE RESIDENTIAL LENDING, LLC $205,000 $340,000 65.9% 0.1%
PNC Bank $340,000 n/a 0.1%
The Hometown Bank of Alabama $75,000 $340,000 353.3% 0.1%
ROYAL UNITED MORTGAGE LLC $380,000 $320,000 -15.8% 0.1%
MILEND, INC. $315,000 n/a 0.1%
GUARANTEED RATE, INC. $115,000 $310,000 169.6% 0.1%
Associated Credit Union $305,000 n/a 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $170,000 $290,000 70.6% 0.1%
First Home Bank $450,000 $285,000 -36.7% 0.1%
TRIAD FINANCIAL SERVICES, INC. $75,000 $280,000 273.3% 0.1%
INTERLINC MORTGAGE SERVICES, LLC $235,000 $275,000 17.0% 0.1%
Peoples Bank of Alabama $820,000 $270,000 -67.1% 0.1%
River Bank & Trust $720,000 $270,000 -62.5% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $195,000 $270,000 38.5% 0.1%
Family Security Credit Union $140,000 $265,000 89.3% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $265,000 n/a 0.1%
North American Savings Bank, F.S.B. $590,000 $265,000 -55.1% 0.1%
Northpointe Bank $265,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $185,000 $260,000 40.5% 0.1%
Cadence Bank, N.A. $95,000 $260,000 173.7% 0.1%
AuburnBank $255,000 n/a 0.1%
First Guaranty Mortgage Corporation $1,120,000 $240,000 -78.6% 0.1%
Nations Lending Corporation $260,000 $235,000 -9.6% 0.1%
Guaranty Bank and Trust Company $225,000 n/a 0.1%
Carrington Mortgage Services, LLC $370,000 $220,000 -40.5% 0.1%
SouthPoint Bank $175,000 $220,000 25.7% 0.1%
Alabama One Credit Union $215,000 n/a 0.1%
CROSSCOUNTRY MORTGAGE, LLC $215,000 n/a 0.1%
RELIANCE FIRST CAPITAL, LLC $125,000 $215,000 72.0% 0.1%
MCLEAN MORTGAGE CORPORATION $215,000 $205,000 -4.7% 0.1%
GUILD MORTGAGE COMPANY $75,000 $195,000 160.0% 0.1%
SOUTHWEST FUNDING, LP $135,000 $195,000 44.4% 0.1%
STOCKTON MORTGAGE CORPORATION $145,000 $195,000 34.5% 0.1%
The Federal Savings Bank $195,000 n/a 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $165,000 $185,000 12.1% 0.1%
First Horizon Bank $185,000 n/a 0.1%
HOMESPIRE MORTGAGE CORPORATION $185,000 n/a 0.1%
SIRVA MORTGAGE, INC. $185,000 n/a 0.1%
COMMUNITY MORTGAGE CORPORATION $165,000 $175,000 6.1% 0.1%
PREMIA MORTGAGE, LLC $145,000 $175,000 20.7% 0.1%
STEARNS LENDING, LLC $175,000 n/a 0.1%
Stifel Bank and Trust $175,000 n/a 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $415,000 $165,000 -60.2% 0.1%
NBKC BANK $165,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $590,000 $155,000 -73.7% 0.1%
CLEARPATH LENDING $155,000 n/a 0.1%
CMG MORTGAGE, INC. $155,000 n/a 0.1%
GSF Mortgage Corporation $155,000 n/a 0.1%
Metro City Bank $155,000 n/a 0.1%
Mid-Continent Funding, Inc. $155,000 n/a 0.1%
United Community Bank $155,000 $155,000 0.0% 0.1%
AMERICAN ADVISORS GROUP $400,000 $145,000 -63.8% 0.1%
SOVEREIGN LENDING GROUP INCORPORATED $145,000 n/a 0.1%
SUMMIT FUNDING, INC. $145,000 n/a 0.1%
ACADEMY MORTGAGE CORPORATION $185,000 $135,000 -27.0% 0.1%
Southwest Airlines Federal Credit Union $135,000 n/a 0.1%
SWBC MORTGAGE CORPORATION $135,000 n/a 0.1%
1st Franklin Financial Corporation $25,000 $130,000 420.0% 0.1%
CIS Financial Services, Inc. $85,000 $125,000 47.1% 0.1%
Community Bank of Mississippi $125,000 n/a 0.1%
REVERSE MORTGAGE FUNDING LLC $125,000 n/a 0.1%
OCEANSIDE MORTGAGE COMPANY $220,000 $115,000 -47.7% 0.0%
Low VA Rates, LLC $105,000 n/a 0.0%
SPRING EQ, LLC $105,000 n/a 0.0%
T2 FINANCIAL LLC $95,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $95,000 $85,000 -10.5% 0.0%
RUOFF MORTGAGE COMPANY, INC. $85,000 n/a 0.0%
GENEVA FINANCIAL, LLC $185,000 $75,000 -59.5% 0.0%
Manufacturers and Traders Trust Company $75,000 n/a 0.0%
Liberty Mortgage Corporation $65,000 n/a 0.0%
TIAA, FSB $445,000 $65,000 -85.4% 0.0%
The Exchange Bank of Alabama $125,000 $55,000 -56.0% 0.0%
Mutual Savings Credit Union $45,000 n/a 0.0%
Discover Bank $170,000 $35,000 -79.4% 0.0%

Fort Payne's top lender by overall market share is QUICKEN LOANS, LLC, with 11.3% market share. In second place, with 8.9%, is Regions Bank, having originated $20,650,000 in loans. In third place, with 7.6%, is Renasant Bank, having originated $17,655,000 in loans. In third place, with 7.4%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $17,170,000 in loans. In third place, with 3.7%, is MORTGAGE INVESTORS GROUP, INC., having originated $8,610,000 in loans.


Fort Payne, AL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 655 $113,655,000 $173,519
Refi 440 $64,400,000 $146,364
Cash Out Refi 259 $45,815,000 $176,892
Home Improvement 49 $3,455,000 $70,510
Other 34 $3,480,000 $102,353

Fort Payne's most frequently cited loan purpose was Home Purchase, with 655 originations. The 2nd most popular reason was Refi, with 440 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 499 $84,235,000 $168,808
2.5-3% 491 $87,145,000 $177,485
<2.5% 236 $41,170,000 $174,449
4-5% 46 $4,790,000 $104,130
Over 8% 26 $1,970,000 $75,769
5-6% 15 $1,475,000 $98,333
6-7% 11 $765,000 $69,545
7-8% 5 $475,000 $95,000

During 2021, Fort Payne's most frequently originated rate bucket was 3-4%, with 499 originations.

Loan Sizing (Fort Payne, AL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 729 $106,685,000 $146,344
$100,000 or less 359 $22,785,000 $63,468
$200k-400k 315 $83,825,000 $266,111
$400k-600k 28 $13,070,000 $466,786
$600k-1000k 6 $4,440,000 $740,000

Fort Payne's loan sizing saw the bucket of loans from $100k-200k with 729 originations, totaling $106,685,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 615 $112,525,000 $182,967
60-80% 404 $70,640,000 $174,851
40-60% 156 $20,240,000 $129,744
20-40% 54 $4,640,000 $85,926
Over 100% 25 $5,415,000 $216,600
Under 20% 25 $595,000 $23,800

Fort Payne's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 615 originations, totaling $112,525,000 in origination value.