Gaffney Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Gaffney averaged
6.96%
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
6.89% and
one month ago for the week of 2025-05-15, the
average rate was 6.86%.
Gaffney's average rate one year ago was 7.1%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.81%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Gaffney 30 Year Fixed Rate | 2025-06-18 | 6.96% |
| Gaffney 30 Year Fixed Rate Refi | 2025-06-18 | 6.81% |
| Gaffney 15 Year Fixed Rate | 2025-06-18 | 6.06% |
| Gaffney 15 Year Fixed Rate Refi | 2025-06-18 | 6.36% |
| Gaffney 30 Year FHA | 2025-06-18 | 0.13% |
| Gaffney 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Gaffney 30 Year USDA | 2025-06-18 | 0.1% |
| Gaffney 30 Year USDA Refi | 2025-06-18 | -0.2% |
| Gaffney 30 Year VA | 2025-06-18 | 0% |
| Gaffney 30 Year VA Refi | 2025-06-18 | 0% |
Gaffney 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 Gaffney, SC 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.).
Gaffney Average Closing Costs & Other Stats
Gaffney, SC's 64 lenders originated 879
loans during 2024. The total origination value was $171,825,000, with an average loan value of
$195,478.
Gaffney's average closing costs are $5,511.
The top Gaffney lender as defined by loan originations is QUICKEN LOANS, LLC, with
28 loans originated. Their average total fees are
$5,402, which is $280
lower than the next largest lender,
First Piedmont Federal Savings and Loan Association of Gaffney.
The lowest fee Gaffney lenders (with over 10 loans originated) are
FOUNDERS FEDERAL CREDIT UNION ($2,435), QUICKEN LOANS, LLC ($5,402), First Piedmont Federal Savings and Loan Association of Gaffney ($5,682), PRIMELENDING, A PLAINSCAPITAL COMPANY ($6,967) and .
The lowest rate Gaffney lenders (with over 10 loans originated) are
PRIMELENDING, A PLAINSCAPITAL COMPANY (6.52%), QUICKEN LOANS, LLC (6.72%), First Piedmont Federal Savings and Loan Association of Gaffney (6.95%), FOUNDERS FEDERAL CREDIT UNION (6.98%) and .
Gaffney, SC 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 |
|---|---|---|---|---|
| NORTHMARQ CAPITAL FINANCE, L.L.C. | $14,505,000 | n/a | 8.4% | |
| First Piedmont Federal Savings and Loan Association of Gaffney | $23,600,000 | $12,855,000 | -45.5% | 7.5% |
| QUICKEN LOANS, LLC | $12,475,000 | $12,670,000 | 1.6% | 7.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $7,125,000 | $8,955,000 | 25.7% | 5.2% |
| FOUNDERS FEDERAL CREDIT UNION | $5,140,000 | $6,000,000 | 16.7% | 3.5% |
| Mortgage Research Center, LLC | $4,295,000 | $5,985,000 | 39.3% | 3.5% |
| FREEDOM MORTGAGE CORPORATION | $955,000 | $5,475,000 | 473.3% | 3.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $6,370,000 | $5,080,000 | -20.3% | 3.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $5,330,000 | $4,740,000 | -11.1% | 2.8% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $6,665,000 | $4,155,000 | -37.7% | 2.4% |
| INSPIRE HOME LOANS INC. | $10,100,000 | $4,020,000 | -60.2% | 2.3% |
| GUILD MORTGAGE COMPANY | $3,705,000 | $3,560,000 | -3.9% | 2.1% |
| MOVEMENT MORTGAGE, LLC | $4,605,000 | $3,395,000 | -26.3% | 2.0% |
| The Loan Store, Inc. | $3,175,000 | n/a | 1.8% | |
| CARDINAL FINANCIAL | $2,345,000 | $2,740,000 | 16.8% | 1.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,635,000 | $2,660,000 | -42.6% | 1.5% |
| RESOURCE FINANCIAL SERVICES, INC. | $505,000 | $2,080,000 | 311.9% | 1.2% |
| Sierra Pacific Mortgage Company, Inc. | $5,085,000 | $1,790,000 | -64.8% | 1.0% |
| T2 FINANCIAL LLC | $1,715,000 | n/a | 1.0% | |
| STATE EMPLOYEES' | $2,090,000 | $1,675,000 | -19.9% | 1.0% |
| LOANDEPOT.COM, LLC | $810,000 | $1,655,000 | 104.3% | 1.0% |
| Truliant Federal Credit Union | $690,000 | $1,640,000 | 137.7% | 1.0% |
| HOMESIDE FINANCIAL, LLC | $195,000 | $1,635,000 | 738.5% | 1.0% |
| AgFirst Farm Credit Bank | $245,000 | $1,550,000 | 532.7% | 0.9% |
| Dollar Bank, Federal Savings Bank | $475,000 | $1,530,000 | 222.1% | 0.9% |
| Equity Prime Mortgage LLC | $205,000 | $1,500,000 | 631.7% | 0.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,830,000 | $1,430,000 | -49.5% | 0.8% |
| Truist | $1,375,000 | $1,420,000 | 3.3% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $960,000 | $1,390,000 | 44.8% | 0.8% |
| 21ST MORTGAGE CORPORATION | $2,105,000 | $1,355,000 | -35.6% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $1,755,000 | $1,320,000 | -24.8% | 0.8% |
| Bank of America | $825,000 | $1,260,000 | 52.7% | 0.7% |
| LENDINGHOME FUNDING CORPORATION | $290,000 | $1,250,000 | 331.0% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $1,515,000 | $1,195,000 | -21.1% | 0.7% |
| BROKER SOLUTIONS, INC. | $1,110,000 | $1,155,000 | 4.1% | 0.7% |
| South State Bank | $1,325,000 | $1,135,000 | -14.3% | 0.7% |
| SOUTHWEST STAGE FUNDING, LLC | $295,000 | $1,085,000 | 267.8% | 0.6% |
| Ameris Bank | $1,800,000 | $980,000 | -45.6% | 0.6% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $175,000 | $970,000 | 454.3% | 0.6% |
| NEWREZ LLC | $1,005,000 | $955,000 | -5.0% | 0.6% |
| Renasant Bank | $540,000 | $950,000 | 75.9% | 0.6% |
| SOUTHWEST FUNDING, LP | $925,000 | n/a | 0.5% | |
| Presidential Bank, FSB | $420,000 | $800,000 | 90.5% | 0.5% |
| SOUTH CAROLINA FEDERAL CREDIT UNION | $620,000 | $780,000 | 25.8% | 0.5% |
| GUARANTEED RATE, INC. | $655,000 | $755,000 | 15.3% | 0.4% |
| EASTMAN | $695,000 | n/a | 0.4% | |
| LAKEVIEW LOAN SERVICING, LLC | $675,000 | n/a | 0.4% | |
| EAGLE HOME MORTGAGE, LLC | $670,000 | n/a | 0.4% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $650,000 | $645,000 | -0.8% | 0.4% |
| First Federal Bank | $930,000 | $640,000 | -31.2% | 0.4% |
| First-Citizens Bank & Trust Company | $1,840,000 | $610,000 | -66.8% | 0.4% |
| SUN WEST MORTGAGE COMPANY, INC. | $185,000 | $605,000 | 227.0% | 0.4% |
| First Community Bank | $940,000 | $600,000 | -36.2% | 0.3% |
| Wells Fargo Bank | $1,395,000 | $590,000 | -57.7% | 0.3% |
| Plains Commerce Bank | $195,000 | $580,000 | 197.4% | 0.3% |
| Carrington Mortgage Services, LLC | $420,000 | $565,000 | 34.5% | 0.3% |
| UNION HOME MORTGAGE CORP. | $115,000 | $550,000 | 378.3% | 0.3% |
| SUCCESS MORTGAGE PARTNERS, INC. | $220,000 | $545,000 | 147.7% | 0.3% |
| GSF Mortgage Corporation | $645,000 | $520,000 | -19.4% | 0.3% |
| Barrington Bank & Trust Company, N.A. | $235,000 | $515,000 | 119.1% | 0.3% |
| First National Bank of Pennsylvania | $990,000 | $515,000 | -48.0% | 0.3% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $490,000 | n/a | 0.3% | |
| MID AMERICA MORTGAGE, INC. | $430,000 | $475,000 | 10.5% | 0.3% |
| USAA Federal Savings Bank | $465,000 | n/a | 0.3% | |
| C & F Mortgage Corporation | $460,000 | n/a | 0.3% | |
| United Community Bank | $2,055,000 | $460,000 | -77.6% | 0.3% |
| United Bank | $1,570,000 | $450,000 | -71.3% | 0.3% |
| AmeriHome Mortgage Company, LLC | $440,000 | n/a | 0.3% | |
| JPMorgan Chase Bank | $345,000 | $440,000 | 27.5% | 0.3% |
| LOANPAL, LLC | $95,000 | $435,000 | 357.9% | 0.3% |
| VERITAS FUNDING, LLC | $410,000 | n/a | 0.2% | |
| Discover Bank | $130,000 | $405,000 | 211.5% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $580,000 | $405,000 | -30.2% | 0.2% |
| 1ST SIGNATURE LENDING, LLC | $615,000 | $390,000 | -36.6% | 0.2% |
| FirstBank | $385,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $400,000 | $380,000 | -5.0% | 0.2% |
| ACOPIA, LLC | $230,000 | $355,000 | 54.3% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $440,000 | $345,000 | -21.6% | 0.2% |
| CAROLINA FOOTHILLS | $585,000 | $345,000 | -41.0% | 0.2% |
| PLANET HOME LENDING, LLC | $345,000 | n/a | 0.2% | |
| MILEND, INC. | $340,000 | n/a | 0.2% | |
| NEW FED MORTGAGE, CORP. | $340,000 | n/a | 0.2% | |
| NFM, INC. | $335,000 | n/a | 0.2% | |
| University Bank | $335,000 | n/a | 0.2% | |
| VILLAGE CAPITAL MORTGAGE | $340,000 | $335,000 | -1.5% | 0.2% |
| NEW DAY FINANCIAL, LLC | $905,000 | $330,000 | -63.5% | 0.2% |
| ZILLOW HOME LOANS, LLC | $500,000 | $330,000 | -34.0% | 0.2% |
| Bank of York | $325,000 | n/a | 0.2% | |
| FLAT BRANCH MORTGAGE, INC. | $315,000 | n/a | 0.2% | |
| Alcova Mortgage LLC | $305,000 | n/a | 0.2% | |
| DOMINION FINANCIAL SERVICES, LLC | $105,000 | $305,000 | 190.5% | 0.2% |
| Mortgage Lenders Investment Trading Corporation | $305,000 | n/a | 0.2% | |
| Atlantic Coast Mortgage, LLC | $295,000 | n/a | 0.2% | |
| Lakeview Community Capital, LLC | $295,000 | n/a | 0.2% | |
| ON Q FINANCIAL, INC. | $715,000 | $295,000 | -58.7% | 0.2% |
| Axos Bank | $285,000 | n/a | 0.2% | |
| Paramount Residential Mortgage Group, Inc. | $1,255,000 | $285,000 | -77.3% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,350,000 | $280,000 | -79.3% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $185,000 | $275,000 | 48.6% | 0.2% |
| GoPrime Mortgage, Inc. | $275,000 | n/a | 0.2% | |
| INTERCOASTAL MORTGAGE COMPANY | $660,000 | $275,000 | -58.3% | 0.2% |
| TJC Mortgage, Inc. | $275,000 | n/a | 0.2% | |
| CMG MORTGAGE, INC. | $145,000 | $255,000 | 75.9% | 0.1% |
| Countybank | $265,000 | $255,000 | -3.8% | 0.1% |
| Mortgage Assurance Inc. | $255,000 | n/a | 0.1% | |
| Waterstone Mortgage Corporation | $255,000 | n/a | 0.1% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $275,000 | $245,000 | -10.9% | 0.1% |
| First Reliance Bank | $280,000 | $235,000 | -16.1% | 0.1% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $295,000 | $235,000 | -20.3% | 0.1% |
| Magnolia Bank | $235,000 | n/a | 0.1% | |
| OCMBC, INC. | $235,000 | n/a | 0.1% | |
| Towne Bank | $225,000 | n/a | 0.1% | |
| American Security Mortgage Corp. | $630,000 | $215,000 | -65.9% | 0.1% |
| FBC MORTGAGE, LLC | $215,000 | n/a | 0.1% | |
| Goldwater Bank, N.A. | $215,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $115,000 | $210,000 | 82.6% | 0.1% |
| CPM Federal Credit Union | $365,000 | $195,000 | -46.6% | 0.1% |
| Nations Lending Corporation | $165,000 | $195,000 | 18.2% | 0.1% |
| ALLIED MORTGAGE GROUP, INC. | $185,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $185,000 | n/a | 0.1% | |
| OPEN MORTGAGE, LLC | $180,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $125,000 | $180,000 | 44.0% | 0.1% |
| CLEARPATH LENDING | $175,000 | n/a | 0.1% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $175,000 | n/a | 0.1% | |
| MORTGAGE EQUITY PARTNERS LLC | $175,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $360,000 | $170,000 | -52.8% | 0.1% |
| Brighton Bank | $155,000 | n/a | 0.1% | |
| NexBank | $155,000 | n/a | 0.1% | |
| Blue Ridge Bank | $460,000 | $145,000 | -68.5% | 0.1% |
| The Peoples Bank | $145,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $415,000 | $135,000 | -67.5% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $125,000 | n/a | 0.1% | |
| FIRST COMMUNITY MORTGAGE, INC. | $125,000 | n/a | 0.1% | |
| LADERA LENDING, INC. | $125,000 | n/a | 0.1% | |
| CONTOUR MORTGAGE CORPORATION | $115,000 | n/a | 0.1% | |
| Citizens Bank | $105,000 | n/a | 0.1% | |
| SHARONVIEW FEDERAL CREDIT UNION | $100,000 | n/a | 0.1% | |
| S. C. STATE FEDERAL CREDIT UNION | $230,000 | $95,000 | -58.7% | 0.1% |
| The Park National Bank | $235,000 | $95,000 | -59.6% | 0.1% |
| S. C. TELCO | $150,000 | $90,000 | -40.0% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $85,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $85,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $215,000 | $75,000 | -65.1% | 0.0% |
| TD Bank | $55,000 | $75,000 | 36.4% | 0.0% |
| Figure Lending LLC | $80,000 | $70,000 | -12.5% | 0.0% |
| PNC Bank | $405,000 | $65,000 | -84.0% | 0.0% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $915,000 | $55,000 | -94.0% | 0.0% |
| Coastal Carolina National Bank | $135,000 | $35,000 | -74.1% | 0.0% |
| Fifth Third Bank | $495,000 | $15,000 | -97.0% | 0.0% |
Gaffney's top lender by overall market share is NORTHMARQ CAPITAL FINANCE, L.L.C., with 8.4% market share. In second place, with 7.5%, is First Piedmont Federal Savings and Loan Association of Gaffney, having originated $12,855,000 in loans. In third place, with 7.4%, is QUICKEN LOANS, LLC, having originated $12,670,000 in loans. In fourth place, with 5.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $8,955,000 in loans. In fifth place, with 3.5%, is FOUNDERS FEDERAL CREDIT UNION, having originated $6,000,000 in loans.
Gaffney, SC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 505 | $105,585,000 | $209,079 |
| Cash Out Refi | 142 | $37,000,000 | $260,563 |
| Other | 106 | $8,400,000 | $79,245 |
| Refi | 79 | $17,775,000 | $225,000 |
| Home Improvement | 47 | $3,065,000 | $65,213 |
Gaffney's most frequently cited loan purpose was Home Purchase, with 505 originations. The 2nd most popular reason was Cash Out Refi, with 142 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 376 | $81,090,000 | $215,665 |
| Over 8% | 179 | $16,185,000 | $90,419 |
| 7-8% | 171 | $31,685,000 | $185,292 |
| 5-6% | 119 | $40,205,000 | $337,857 |
| <2.5% | 21 | $395,000 | $18,810 |
| 4-5% | 4 | $1,030,000 | $257,500 |
| 3-4% | 1 | $165,000 | $165,000 |
During 2024, Gaffney's most frequently originated rate bucket was 6-7%, with 376 originations.
Loan Sizing (Gaffney, SC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 315 | $47,595,000 | $151,095 |
| $200k-400k | 309 | $82,145,000 | $265,841 |
| $100,000 or less | 225 | $12,585,000 | $55,933 |
| $400k-600k | 23 | $10,465,000 | $455,000 |
| $600k-1000k | 5 | $3,135,000 | $627,000 |
| $Over $1MM | 2 | $15,900,000 | $7,950,000 |
Gaffney's loan sizing saw the bucket of loans from $100k-200k with 315 originations, totaling $47,595,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 422 | $94,830,000 | $224,716 |
| 60-80% | 145 | $43,845,000 | $302,379 |
| 20-40% | 101 | $8,135,000 | $80,545 |
| Under 20% | 95 | $3,405,000 | $35,842 |
| 40-60% | 74 | $11,630,000 | $157,162 |
| Over 100% | 16 | $3,860,000 | $241,250 |
Gaffney's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 422 originations, totaling $94,830,000 in origination value.