GADSDEN Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Gadsden averaged
6.8%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.73% and
one month ago for the week of 2025-05-15, the
average rate was 6.8%.
Gadsden's average rate one year ago was 6.94%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.5%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Gadsden 30 Year Fixed Rate | 2025-06-18 | 6.8% |
| Gadsden 30 Year Fixed Rate Refi | 2025-06-18 | 7.5% |
| Gadsden 15 Year Fixed Rate | 2025-06-18 | 5.86% |
| Gadsden 15 Year Fixed Rate Refi | 2025-06-18 | 6.06% |
| Gadsden 30 Year FHA | 2025-06-18 | -0.37% |
| Gadsden 30 Year FHA Refi | 2025-06-18 | -0.2% |
| Gadsden 30 Year USDA | 2025-06-18 | -0.2% |
| Gadsden 30 Year USDA Refi | 2025-06-18 | 0.2% |
| Gadsden 30 Year VA | 2025-06-18 | 0.15% |
| Gadsden 30 Year VA Refi | 2025-06-18 | 0.1% |
GADSDEN 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 GADSDEN, 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.).
GADSDEN Average Closing Costs & Other Stats
GADSDEN, AL's 87 lenders originated 1,884
loans during 2024. The total origination value was $318,520,000, with an average loan value of
$169,066.
GADSDEN's average closing costs are $4,687.
The top GADSDEN lender as defined by loan originations is Renasant Bank, with
39 loans originated. Their average total fees are
$4,970, which is $2,477
higher than the next largest lender,
ALABAMA TEACHERS.
The lowest fee GADSDEN lenders (with over 10 loans originated) are
ALABAMA TEACHERS ($2,493), Regions Bank ($4,122), MORTGAGE INVESTORS GROUP, INC. ($4,137), STOCKTON MORTGAGE CORPORATION ($4,703) and Renasant Bank ($4,970).
The lowest rate GADSDEN lenders (with over 10 loans originated) are
First Federal Bank, A FSB (6.54%), Renasant Bank (6.60%), UNITED WHOLESALE MORTGAGE, LLC (6.67%), MOVEMENT MORTGAGE, LLC (6.78%) and MORTGAGE INVESTORS GROUP, INC. (6.80%).
GADSDEN, 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 | $19,135,000 | $22,200,000 | 16.0% | 7.0% |
| TOWNE MORTGAGE COMPANY | $21,595,000 | n/a | 6.8% | |
| Renasant Bank | $11,285,000 | $17,420,000 | 54.4% | 5.5% |
| ALABAMA TEACHERS | $15,360,000 | $16,465,000 | 7.2% | 5.2% |
| FAMILY SAVINGS | $10,295,000 | $14,770,000 | 43.5% | 4.6% |
| Regions Bank | $9,295,000 | $12,605,000 | 35.6% | 4.0% |
| First Federal Bank, A FSB | $16,400,000 | $11,360,000 | -30.7% | 3.6% |
| MOVEMENT MORTGAGE, LLC | $5,525,000 | $10,625,000 | 92.3% | 3.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $9,715,000 | $9,685,000 | -0.3% | 3.0% |
| GUILD MORTGAGE COMPANY | $6,185,000 | $8,225,000 | 33.0% | 2.6% |
| The Exchange Bank of Alabama | $3,575,000 | $7,730,000 | 116.2% | 2.4% |
| STOCKTON MORTGAGE CORPORATION | $2,030,000 | $7,460,000 | 267.5% | 2.3% |
| FREEDOM MORTGAGE CORPORATION | $1,130,000 | $7,000,000 | 519.5% | 2.2% |
| Mortgage Research Center, LLC | $8,020,000 | $6,875,000 | -14.3% | 2.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $27,615,000 | $6,115,000 | -77.9% | 1.9% |
| MORTGAGE INVESTORS GROUP, INC. | $7,915,000 | $5,950,000 | -24.8% | 1.9% |
| PENNYMAC LOAN SERVICES, LLC | $2,665,000 | $5,905,000 | 121.6% | 1.9% |
| Metro Bank | $4,550,000 | $5,020,000 | 10.3% | 1.6% |
| HUNT MORTGAGE CORPORATION | $3,180,000 | $4,910,000 | 54.4% | 1.5% |
| Liberty Bank | $3,575,000 | $4,810,000 | 34.5% | 1.5% |
| BancorpSouth | $2,665,000 | $4,355,000 | 63.4% | 1.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $3,150,000 | $3,900,000 | 23.8% | 1.2% |
| GMFS LLC | $5,410,000 | $3,860,000 | -28.7% | 1.2% |
| River Bank & Trust | $7,400,000 | $3,805,000 | -48.6% | 1.2% |
| FirstBank | $4,995,000 | $3,750,000 | -24.9% | 1.2% |
| Ameris Bank | $1,660,000 | $3,310,000 | 99.4% | 1.0% |
| NEWREZ LLC | $1,785,000 | $3,265,000 | 82.9% | 1.0% |
| BROKER SOLUTIONS, INC. | $1,255,000 | $3,135,000 | 149.8% | 1.0% |
| LOANDEPOT.COM, LLC | $1,760,000 | $2,945,000 | 67.3% | 0.9% |
| TJC Mortgage, Inc. | $2,660,000 | $2,680,000 | 0.8% | 0.8% |
| UNION HOME MORTGAGE CORP. | $1,300,000 | $2,390,000 | 83.8% | 0.8% |
| SouthPoint Bank | $2,805,000 | $2,150,000 | -23.4% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,195,000 | $2,080,000 | 74.1% | 0.7% |
| ACOPIA, LLC | $2,565,000 | $2,075,000 | -19.1% | 0.7% |
| CANOPY MORTGAGE, LLC | $2,075,000 | n/a | 0.7% | |
| 21ST MORTGAGE CORPORATION | $2,025,000 | $1,925,000 | -4.9% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $2,820,000 | $1,850,000 | -34.4% | 0.6% |
| Wells Fargo Bank | $1,710,000 | $1,820,000 | 6.4% | 0.6% |
| Morgan Stanley Private Bank | $1,700,000 | n/a | 0.5% | |
| LAKEVIEW LOAN SERVICING, LLC | $545,000 | $1,665,000 | 205.5% | 0.5% |
| USAA Federal Savings Bank | $845,000 | $1,600,000 | 89.3% | 0.5% |
| The Hometown Bank of Alabama | $455,000 | $1,555,000 | 241.8% | 0.5% |
| GUARANTEED RATE, INC. | $1,660,000 | $1,400,000 | -15.7% | 0.4% |
| JPMorgan Chase Bank | $1,375,000 | $1,255,000 | -8.7% | 0.4% |
| Trustmark National Bank | $1,175,000 | $1,240,000 | 5.5% | 0.4% |
| FBC MORTGAGE, LLC | $1,210,000 | n/a | 0.4% | |
| REDSTONE Federal Credit Union | $1,720,000 | $1,210,000 | -29.7% | 0.4% |
| Consumer First Mortgage, Inc. | $375,000 | $1,185,000 | 216.0% | 0.4% |
| Flagstar Bank, FSB | $1,150,000 | $1,165,000 | 1.3% | 0.4% |
| Troy Bank and Trust Company | $645,000 | $1,165,000 | 80.6% | 0.4% |
| NEW DAY FINANCIAL, LLC | $1,090,000 | $1,125,000 | 3.2% | 0.4% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,085,000 | n/a | 0.3% | |
| Truist | $1,265,000 | $1,085,000 | -14.2% | 0.3% |
| DHI MORTGAGE COMPANY, LTD. | $4,510,000 | $940,000 | -79.2% | 0.3% |
| VILLAGE CAPITAL MORTGAGE | $925,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $1,460,000 | $900,000 | -38.4% | 0.3% |
| SUCCESS MORTGAGE PARTNERS, INC. | $1,275,000 | $900,000 | -29.4% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,235,000 | $895,000 | -27.5% | 0.3% |
| Prosperity Home Mortgage, LLC | $1,350,000 | $890,000 | -34.1% | 0.3% |
| CARDINAL FINANCIAL | $455,000 | $875,000 | 92.3% | 0.3% |
| Liberty Mortgage Corporation | $165,000 | $870,000 | 427.3% | 0.3% |
| PNC Bank | $940,000 | $865,000 | -8.0% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $870,000 | $835,000 | -4.0% | 0.3% |
| Citizens Bank | $810,000 | n/a | 0.3% | |
| The Federal Savings Bank | $800,000 | n/a | 0.3% | |
| Peoples Independent Bank | $4,265,000 | $720,000 | -83.1% | 0.2% |
| CMG MORTGAGE, INC. | $295,000 | $715,000 | 142.4% | 0.2% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $525,000 | $665,000 | 26.7% | 0.2% |
| Hamilton Mortgage Corporation | $660,000 | $665,000 | 0.8% | 0.2% |
| PLANET HOME LENDING, LLC | $655,000 | $655,000 | 0.0% | 0.2% |
| SOUTHWEST FUNDING, LP | $625,000 | n/a | 0.2% | |
| Synovus Bank | $55,000 | $615,000 | 1,018.2% | 0.2% |
| NexBank | $560,000 | n/a | 0.2% | |
| Bank of America | $275,000 | $550,000 | 100.0% | 0.2% |
| PHH Mortgage Corporation | $65,000 | $545,000 | 738.5% | 0.2% |
| Farmers & Merchants Bank | $105,000 | $530,000 | 404.8% | 0.2% |
| ZILLOW HOME LOANS, LLC | $285,000 | $515,000 | 80.7% | 0.2% |
| AMERICA'S FIRST | $345,000 | $505,000 | 46.4% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $310,000 | $500,000 | 61.3% | 0.2% |
| FIRST COLONY MORTGAGE CORPORATION | $175,000 | $500,000 | 185.7% | 0.2% |
| U.S. Bank | $375,000 | $500,000 | 33.3% | 0.2% |
| THE MORTGAGE FIRM, INC. | $480,000 | $485,000 | 1.0% | 0.2% |
| AmeriHome Mortgage Company, LLC | $135,000 | $480,000 | 255.6% | 0.2% |
| Bethpage Federal Credit Union | $475,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $355,000 | $475,000 | 33.8% | 0.1% |
| MILEND, INC. | $805,000 | $475,000 | -41.0% | 0.1% |
| Alabama One Credit Union | $205,000 | $470,000 | 129.3% | 0.1% |
| EvaBank | $1,020,000 | $470,000 | -53.9% | 0.1% |
| Carrington Mortgage Services, LLC | $100,000 | $465,000 | 365.0% | 0.1% |
| First Federal Bank | $460,000 | n/a | 0.1% | |
| Victorian Finance, LLC | $135,000 | $445,000 | 229.6% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $235,000 | $440,000 | 87.2% | 0.1% |
| ServisFirst Bank | $420,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $300,000 | $405,000 | 35.0% | 0.1% |
| Discover Bank | $600,000 | $405,000 | -32.5% | 0.1% |
| BANKSOUTH MORTGAGE COMPANY, LLC | $375,000 | n/a | 0.1% | |
| EMM LOANS LLC | $355,000 | n/a | 0.1% | |
| NJ LENDERS CORP. | $335,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $330,000 | n/a | 0.1% | |
| LENDINGONE, LLC | $325,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $275,000 | $320,000 | 16.4% | 0.1% |
| AVADIAN | $25,000 | $295,000 | 1,080.0% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $295,000 | n/a | 0.1% | |
| Ixonia Bank | $395,000 | $285,000 | -27.8% | 0.1% |
| Loan Simple, Inc. | $285,000 | n/a | 0.1% | |
| NEW WAVE LENDING GROUP INC | $285,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $125,000 | $285,000 | 128.0% | 0.1% |
| SWBC MORTGAGE CORPORATION | $285,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $175,000 | $280,000 | 60.0% | 0.1% |
| Coastal Community Bank | $315,000 | $265,000 | -15.9% | 0.1% |
| LIBERTY HOME MORTGAGE CORPORATION | $265,000 | n/a | 0.1% | |
| SIRVA MORTGAGE, INC. | $265,000 | n/a | 0.1% | |
| Legends Bank | $255,000 | n/a | 0.1% | |
| MORTGAGE FINANCIAL SERVICES, LLC | $255,000 | n/a | 0.1% | |
| The Loan Store, Inc. | $335,000 | $255,000 | -23.9% | 0.1% |
| 1ST SIGNATURE LENDING, LLC | $165,000 | $245,000 | 48.5% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $240,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $370,000 | $240,000 | -35.1% | 0.1% |
| Bank of England | $115,000 | $235,000 | 104.3% | 0.1% |
| Figure Lending LLC | $250,000 | $230,000 | -8.0% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $215,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $215,000 | n/a | 0.1% | |
| UNITED MORTGAGE CORP | $215,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $175,000 | $210,000 | 20.0% | 0.1% |
| Atlantic Coast Mortgage, LLC | $205,000 | n/a | 0.1% | |
| Mortgage Assurance Inc. | $205,000 | n/a | 0.1% | |
| Tyndall Federal Credit Union | $205,000 | n/a | 0.1% | |
| South State Bank | $200,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $55,000 | $200,000 | 263.6% | 0.1% |
| Family Security Credit Union | $275,000 | $195,000 | -29.1% | 0.1% |
| HONDA Federal Credit Union | $820,000 | $195,000 | -76.2% | 0.1% |
| MORIA DEVELOPMENT, INC. | $195,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $1,320,000 | $190,000 | -85.6% | 0.1% |
| CIS Financial Services, Inc. | $365,000 | $185,000 | -49.3% | 0.1% |
| First Southern Bank | $185,000 | n/a | 0.1% | |
| Peoples Bank of Alabama | $505,000 | $175,000 | -65.3% | 0.1% |
| AlaTrust Credit Union | $165,000 | n/a | 0.1% | |
| ASCEND FEDERAL CREDIT UNION | $165,000 | n/a | 0.1% | |
| Greenbox Loans, Inc. | $230,000 | $155,000 | -32.6% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $105,000 | $150,000 | 42.9% | 0.0% |
| ASSEMBLIES OF GOD Credit Union | $145,000 | n/a | 0.0% | |
| First South Farm Credit, ACA | $375,000 | $145,000 | -61.3% | 0.0% |
| AMERICAN FINANCING CORPORATION | $330,000 | $125,000 | -62.1% | 0.0% |
| LEGACY COMMUNITY FEDERAL CREDIT UNION | $125,000 | n/a | 0.0% | |
| Suncoast Credit Union | $125,000 | n/a | 0.0% | |
| Princeton Mortgage Corporation | $115,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $675,000 | $105,000 | -84.4% | 0.0% |
| Evolve Bank & Trust | $105,000 | n/a | 0.0% | |
| LENDINGHOME FUNDING CORPORATION | $180,000 | $105,000 | -41.7% | 0.0% |
| Magnolia Bank | $105,000 | n/a | 0.0% | |
| Ally Bank | $95,000 | n/a | 0.0% | |
| Andrew Johnson Bank | $95,000 | n/a | 0.0% | |
| AOD Federal Credit Union | $95,000 | n/a | 0.0% | |
| Bank Independent | $95,000 | $95,000 | 0.0% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $95,000 | $95,000 | 0.0% | 0.0% |
| TOWER | $35,000 | $95,000 | 171.4% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $85,000 | n/a | 0.0% | |
| American Mortgage & Equity Consultants, Inc. | $75,000 | n/a | 0.0% | |
| Wilson Bank And Trust | $65,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $55,000 | n/a | 0.0% | |
| ALABAMA CREDIT UNION | $45,000 | n/a | 0.0% | |
| Centennial Bank | $185,000 | $45,000 | -75.7% | 0.0% |
| RESIDENTIAL BANCORP | $45,000 | n/a | 0.0% | |
| United Community Bank | $435,000 | $45,000 | -89.7% | 0.0% |
| APCO EMPLOYEES | $120,000 | $35,000 | -70.8% | 0.0% |
GADSDEN's top lender by overall market share is QUICKEN LOANS, LLC, with 7.0% market share. In second place, with 6.8%, is TOWNE MORTGAGE COMPANY, having originated $21,595,000 in loans. In third place, with 5.5%, is Renasant Bank, having originated $17,420,000 in loans. In fourth place, with 5.2%, is ALABAMA TEACHERS, having originated $16,465,000 in loans. In fifth place, with 4.6%, is FAMILY SAVINGS, having originated $14,770,000 in loans.
GADSDEN, AL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,015 | $196,625,000 | $193,719 |
| Cash Out Refi | 258 | $48,960,000 | $189,767 |
| Refi | 257 | $47,975,000 | $186,673 |
| Other | 233 | $15,935,000 | $68,391 |
| Home Improvement | 121 | $9,025,000 | $74,587 |
Gadsden's most frequently cited loan purpose was Home Purchase, with 1,015 originations. The 2nd most popular reason was Cash Out Refi, with 258 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 733 | $148,805,000 | $203,008 |
| Over 8% | 390 | $31,290,000 | $80,231 |
| 7-8% | 319 | $55,325,000 | $173,433 |
| 5-6% | 295 | $57,135,000 | $193,678 |
| 4-5% | 18 | $3,000,000 | $166,667 |
| 3-4% | 2 | $1,260,000 | $630,000 |
| <2.5% | 1 | $5,000 | $5,000 |
| 2.5-3% | 1 | $285,000 | $285,000 |
During 2024, Gadsden's most frequently originated rate bucket was 6-7%, with 733 originations.
Loan Sizing (GADSDEN, AL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 655 | $34,045,000 | $51,977 |
| $100k-200k | 642 | $95,470,000 | $148,707 |
| $200k-400k | 499 | $134,695,000 | $269,930 |
| $400k-600k | 61 | $28,835,000 | $472,705 |
| $600k-1000k | 18 | $12,490,000 | $693,889 |
| $Over $1MM | 9 | $12,985,000 | $1,442,778 |
GADSDEN's loan sizing saw the bucket of loans from $100,000 or less with 655 originations, totaling $34,045,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 802 | $177,360,000 | $221,147 |
| 60-80% | 305 | $57,645,000 | $189,000 |
| Under 20% | 236 | $7,450,000 | $31,568 |
| 20-40% | 209 | $16,795,000 | $80,359 |
| 40-60% | 151 | $23,465,000 | $155,397 |
| Over 100% | 30 | $8,630,000 | $287,667 |
GADSDEN's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 802 originations, totaling $177,360,000 in origination value.