Fort Payne Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Fort Payne averaged
6.84%
for the week of 2025-05-22, compared to the national average of
6.86% for the same period.
The average rate for the prior week (2025-05-15) was
7.09% and
one month ago for the week of 2025-04-17, the
average rate was 7.11%.
Fort Payne's average rate one year ago was 7.1%.
For refis of the same type during the week of 2025-05-22, the average rate
was 7.46%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-05-22 | 6.86% |
| Fort Payne 30 Year Fixed Rate | 2025-05-22 | 6.84% |
| Fort Payne 30 Year Fixed Rate Refi | 2025-05-22 | 7.46% |
| Fort Payne 15 Year Fixed Rate | 2025-05-22 | 5.91% |
| Fort Payne 15 Year Fixed Rate Refi | 2025-05-22 | 6.41% |
| Fort Payne 30 Year FHA | 2025-05-22 | 6.33% |
| Fort Payne 30 Year FHA Refi | 2025-05-22 | 6.61% |
| Fort Payne 30 Year USDA | 2025-05-22 | 6.53% |
| Fort Payne 30 Year USDA Refi | 2025-05-22 | 6.23% |
| Fort Payne 30 Year VA | 2025-05-22 | 6.62% |
| Fort Payne 30 Year VA Refi | 2025-05-22 | 6.52% |
Fort Payne 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 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.).
Fort Payne Average Closing Costs & Other Stats
Fort Payne, AL's 60 lenders originated 969
loans during 2024. The total origination value was $173,635,000, with an average loan value of
$179,190.
Fort Payne's average closing costs are $5,057.
The top Fort Payne lender as defined by loan originations is QUICKEN LOANS, LLC, with
25 loans originated. Their average total fees are
$7,321, which is $1,447
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Fort Payne lenders (with over 10 loans originated) are
MORTGAGE INVESTORS GROUP, INC. ($4,117), Regions Bank ($4,809), Renasant Bank ($5,468), UNITED WHOLESALE MORTGAGE, LLC ($5,874) and QUICKEN LOANS, LLC ($7,321).
The lowest rate Fort Payne lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.65%), Renasant Bank (6.67%), MORTGAGE INVESTORS GROUP, INC. (6.76%), Regions Bank (6.82%) and UNITED WHOLESALE MORTGAGE, LLC (6.93%).
Fort Payne, AL Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $10,505,000 | $15,125,000 | 44.0% | 8.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $6,060,000 | $11,700,000 | 93.1% | 6.7% |
| FAMILY SAVINGS | $2,810,000 | $9,480,000 | 237.4% | 5.5% |
| Regions Bank | $7,610,000 | $7,885,000 | 3.6% | 4.5% |
| Mortgage Research Center, LLC | $2,820,000 | $6,680,000 | 136.9% | 3.8% |
| Renasant Bank | $5,180,000 | $6,310,000 | 21.8% | 3.6% |
| Liberty Bank | $5,140,000 | $5,925,000 | 15.3% | 3.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,905,000 | $5,670,000 | 95.2% | 3.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $13,065,000 | $5,165,000 | -60.5% | 3.0% |
| Victorian Finance, LLC | $4,505,000 | $4,625,000 | 2.7% | 2.7% |
| STOCKTON MORTGAGE CORPORATION | $935,000 | $4,270,000 | 356.7% | 2.5% |
| BROKER SOLUTIONS, INC. | $3,670,000 | n/a | 2.1% | |
| BancorpSouth | $1,870,000 | $2,820,000 | 50.8% | 1.6% |
| REDSTONE Federal Credit Union | $2,790,000 | $2,775,000 | -0.5% | 1.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,255,000 | $2,720,000 | 116.7% | 1.6% |
| NEW DAY FINANCIAL, LLC | $575,000 | $2,590,000 | 350.4% | 1.5% |
| TOWNE MORTGAGE COMPANY | $2,575,000 | n/a | 1.5% | |
| First Federal Bank, A FSB | $2,805,000 | $2,555,000 | -8.9% | 1.5% |
| MORTGAGE INVESTORS GROUP, INC. | $3,985,000 | $2,490,000 | -37.5% | 1.4% |
| CANOPY MORTGAGE, LLC | $305,000 | $2,480,000 | 713.1% | 1.4% |
| ACOPIA, LLC | $1,115,000 | $2,215,000 | 98.7% | 1.3% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $2,375,000 | $2,180,000 | -8.2% | 1.3% |
| PENNYMAC LOAN SERVICES, LLC | $1,750,000 | $2,140,000 | 22.3% | 1.2% |
| Bank of Dade | $1,020,000 | $2,035,000 | 99.5% | 1.2% |
| FREEDOM MORTGAGE CORPORATION | $2,125,000 | $1,925,000 | -9.4% | 1.1% |
| 21ST MORTGAGE CORPORATION | $1,215,000 | $1,880,000 | 54.7% | 1.1% |
| FirstBank | $1,400,000 | $1,875,000 | 33.9% | 1.1% |
| LOANDEPOT.COM, LLC | $1,610,000 | $1,830,000 | 13.7% | 1.1% |
| PNC Bank | $1,920,000 | $1,800,000 | -6.3% | 1.0% |
| TJC Mortgage, Inc. | $2,020,000 | $1,785,000 | -11.6% | 1.0% |
| ALABAMA TEACHERS | $2,185,000 | $1,755,000 | -19.7% | 1.0% |
| Bank Five Nine | $1,705,000 | n/a | 1.0% | |
| GMFS LLC | $1,575,000 | $1,690,000 | 7.3% | 1.0% |
| Legends Bank | $1,530,000 | n/a | 0.9% | |
| CMG MORTGAGE, INC. | $660,000 | $1,495,000 | 126.5% | 0.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $5,550,000 | $1,490,000 | -73.2% | 0.9% |
| MOVEMENT MORTGAGE, LLC | $1,825,000 | $1,445,000 | -20.8% | 0.8% |
| Citizens Bank & Trust, Inc. | $1,925,000 | $1,245,000 | -35.3% | 0.7% |
| TENNESSEE VALLEY | $345,000 | $1,240,000 | 259.4% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $915,000 | $1,225,000 | 33.9% | 0.7% |
| UNION HOME MORTGAGE CORP. | $450,000 | $1,115,000 | 147.8% | 0.6% |
| SOUTHWEST STAGE FUNDING, LLC | $900,000 | $1,035,000 | 15.0% | 0.6% |
| JPMorgan Chase Bank | $350,000 | $905,000 | 158.6% | 0.5% |
| USAA Federal Savings Bank | $360,000 | $880,000 | 144.4% | 0.5% |
| VILLAGE CAPITAL MORTGAGE | $680,000 | $830,000 | 22.1% | 0.5% |
| 1ST SIGNATURE LENDING, LLC | $125,000 | $775,000 | 520.0% | 0.4% |
| Carrington Mortgage Services, LLC | $290,000 | $765,000 | 163.8% | 0.4% |
| Bank of America | $745,000 | n/a | 0.4% | |
| HOMESIDE FINANCIAL, LLC | $735,000 | n/a | 0.4% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $295,000 | $700,000 | 137.3% | 0.4% |
| First Jackson Bank, Inc. | $1,010,000 | $665,000 | -34.2% | 0.4% |
| CARDINAL FINANCIAL | $820,000 | $650,000 | -20.7% | 0.4% |
| Synovus Bank | $240,000 | $625,000 | 160.4% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $600,000 | n/a | 0.3% | |
| CSL Financial, LLC | $45,000 | $585,000 | 1,200.0% | 0.3% |
| The Loan Store, Inc. | $585,000 | n/a | 0.3% | |
| Peoples Independent Bank | $455,000 | $580,000 | 27.5% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $1,160,000 | $540,000 | -53.4% | 0.3% |
| Northpointe Bank | $515,000 | n/a | 0.3% | |
| Consumer First Mortgage, Inc. | $875,000 | $460,000 | -47.4% | 0.3% |
| Discover Bank | $150,000 | $450,000 | 200.0% | 0.3% |
| Wells Fargo Bank | $1,015,000 | $445,000 | -56.2% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $185,000 | $440,000 | 137.8% | 0.3% |
| Citizens Bank | $25,000 | $435,000 | 1,640.0% | 0.3% |
| Pinnacle Bank | $310,000 | $430,000 | 38.7% | 0.2% |
| LOANPAL, LLC | $425,000 | n/a | 0.2% | |
| FIRST COMMUNITY MORTGAGE, INC. | $340,000 | $410,000 | 20.6% | 0.2% |
| GUILD MORTGAGE COMPANY | $470,000 | $405,000 | -13.8% | 0.2% |
| PLANET HOME LENDING, LLC | $470,000 | $400,000 | -14.9% | 0.2% |
| Citizens Bank & Trust | $380,000 | n/a | 0.2% | |
| First Southern Bank | $1,235,000 | $380,000 | -69.2% | 0.2% |
| Hamilton Mortgage Corporation | $380,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $635,000 | $375,000 | -40.9% | 0.2% |
| Ameris Bank | $195,000 | $355,000 | 82.1% | 0.2% |
| Bank of England | $355,000 | n/a | 0.2% | |
| EvaBank | $250,000 | $345,000 | 38.0% | 0.2% |
| MILEND, INC. | $975,000 | $340,000 | -65.1% | 0.2% |
| Bank Independent | $335,000 | n/a | 0.2% | |
| T2 FINANCIAL LLC | $320,000 | n/a | 0.2% | |
| EVERETT FINANCIAL, INC. | $310,000 | n/a | 0.2% | |
| AmeriHome Mortgage Company, LLC | $335,000 | $305,000 | -9.0% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $555,000 | $275,000 | -50.5% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $255,000 | n/a | 0.1% | |
| Trustmark National Bank | $1,005,000 | $250,000 | -75.1% | 0.1% |
| EMM LOANS LLC | $245,000 | n/a | 0.1% | |
| Ohnward Bank & Trust | $245,000 | n/a | 0.1% | |
| The Exchange Bank of Alabama | $155,000 | $245,000 | 58.1% | 0.1% |
| ZILLOW HOME LOANS, LLC | $115,000 | $245,000 | 113.0% | 0.1% |
| Gateway First Bank | $165,000 | $235,000 | 42.4% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $235,000 | n/a | 0.1% | |
| Figure Lending LLC | $35,000 | $230,000 | 557.1% | 0.1% |
| Magnolia Bank | $225,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $215,000 | n/a | 0.1% | |
| CB&S Bank, Inc. | $320,000 | $215,000 | -32.8% | 0.1% |
| Family Security Credit Union | $155,000 | $215,000 | 38.7% | 0.1% |
| HUNT MORTGAGE CORPORATION | $210,000 | n/a | 0.1% | |
| ENDEAVOR CAPITAL, LLC. | $205,000 | n/a | 0.1% | |
| RBC Bank, (Georgia) | $205,000 | n/a | 0.1% | |
| The Hometown Bank of Alabama | $295,000 | $205,000 | -30.5% | 0.1% |
| GENEVA FINANCIAL, LLC | $195,000 | n/a | 0.1% | |
| LEADERONE FINANCIAL CORPORATION | $310,000 | $195,000 | -37.1% | 0.1% |
| PREMIER LENDING, INC. | $195,000 | n/a | 0.1% | |
| SWBC MORTGAGE CORPORATION | $195,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $65,000 | $190,000 | 192.3% | 0.1% |
| Citizens Tri-County Bank | $185,000 | n/a | 0.1% | |
| PeoplesTrust Bank | $185,000 | n/a | 0.1% | |
| American Mortgage & Equity Consultants, Inc. | $175,000 | n/a | 0.1% | |
| Colony Bank | $175,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $75,000 | $175,000 | 133.3% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $260,000 | $175,000 | -32.7% | 0.1% |
| V.I.P. MORTGAGE, INC. | $175,000 | n/a | 0.1% | |
| FBC MORTGAGE, LLC | $165,000 | n/a | 0.1% | |
| NATIONS DIRECT MORTGAGE, LLC | $165,000 | n/a | 0.1% | |
| Nations Lending Corporation | $165,000 | n/a | 0.1% | |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $155,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $155,000 | n/a | 0.1% | |
| SOUTHEAST MORTGAGE OF GEORGIA, INC. | $155,000 | n/a | 0.1% | |
| SENTE MORTGAGE, INC. | $145,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $125,000 | $140,000 | 12.0% | 0.1% |
| Plains Commerce Bank | $165,000 | $135,000 | -18.2% | 0.1% |
| POLARIS HOME FUNDING CORP. | $135,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $170,000 | $135,000 | -20.6% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $115,000 | n/a | 0.1% | |
| SUMMIT FUNDING, INC. | $790,000 | $115,000 | -85.4% | 0.1% |
| Truist | $545,000 | $105,000 | -80.7% | 0.1% |
| Waterstone Mortgage Corporation | $105,000 | n/a | 0.1% | |
| Alcova Mortgage LLC | $95,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $95,000 | $95,000 | 0.0% | 0.1% |
| First Horizon Bank | $255,000 | $95,000 | -62.7% | 0.1% |
| Coastal Community Bank | $135,000 | $80,000 | -40.7% | 0.0% |
| NEWREZ LLC | $65,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $300,000 | $55,000 | -81.7% | 0.0% |
| MAX Credit Union | $300,000 | $55,000 | -81.7% | 0.0% |
| COCA-COLA | $45,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $35,000 | n/a | 0.0% | |
| Alabama One Credit Union | $35,000 | $25,000 | -28.6% | 0.0% |
| AMERICA'S FIRST | $25,000 | n/a | 0.0% |
Fort Payne's top lender by overall market share is QUICKEN LOANS, LLC, with 8.7% market share. In second place, with 6.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $11,700,000 in loans. In third place, with 5.5%, is FAMILY SAVINGS, having originated $9,480,000 in loans. In fourth place, with 4.5%, is Regions Bank, having originated $7,885,000 in loans. In fifth place, with 3.8%, is Mortgage Research Center, LLC, having originated $6,680,000 in loans.
Fort Payne, AL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 504 | $100,410,000 | $199,226 |
| Refi | 180 | $32,920,000 | $182,889 |
| Cash Out Refi | 153 | $30,925,000 | $202,124 |
| Other | 73 | $5,655,000 | $77,466 |
| Home Improvement | 59 | $3,725,000 | $63,136 |
Fort Payne's most frequently cited loan purpose was Home Purchase, with 504 originations. The 2nd most popular reason was Refi, with 180 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 366 | $82,310,000 | $224,891 |
| Over 8% | 175 | $18,465,000 | $105,514 |
| 7-8% | 154 | $30,530,000 | $198,247 |
| 5-6% | 134 | $28,130,000 | $209,925 |
| 4-5% | 7 | $1,005,000 | $143,571 |
| <2.5% | 3 | $645,000 | $215,000 |
| 2.5-3% | 1 | $115,000 | $115,000 |
During 2024, Fort Payne's most frequently originated rate bucket was 6-7%, with 366 originations.
Loan Sizing (Fort Payne, AL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 368 | $55,690,000 | $151,332 |
| $200k-400k | 279 | $75,255,000 | $269,731 |
| $100,000 or less | 274 | $14,530,000 | $53,029 |
| $400k-600k | 36 | $16,950,000 | $470,833 |
| $600k-1000k | 9 | $6,295,000 | $699,444 |
| $Over $1MM | 3 | $4,915,000 | $1,638,333 |
Fort Payne's loan sizing saw the bucket of loans from $100k-200k with 368 originations, totaling $55,690,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 406 | $90,500,000 | $222,906 |
| 60-80% | 168 | $35,860,000 | $213,452 |
| 20-40% | 78 | $7,010,000 | $89,872 |
| Under 20% | 76 | $2,970,000 | $39,079 |
| 40-60% | 63 | $14,165,000 | $224,841 |
| Over 100% | 30 | $6,490,000 | $216,333 |
Fort Payne's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 406 originations, totaling $90,500,000 in origination value.