Gaffney Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Gaffney averaged
7.04%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.97% and
one month ago for the week of 2023-02-09, the
average rate was 6.46%.
Gaffney's average rate one year ago was 3.41%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.89%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Gaffney 30 Year Fixed Rate | 2023-03-16 | 7.04% |
| Gaffney 30 Year Fixed Rate Refi | 2023-03-16 | 6.89% |
| Gaffney 15 Year Fixed Rate | 2023-03-16 | 6.61% |
| Gaffney 15 Year Fixed Rate Refi | 2023-03-16 | 6.68% |
| Gaffney 30 Year FHA | 2023-03-16 | 6.64% |
| Gaffney 30 Year FHA Refi | 2023-03-16 | 6.03% |
| Gaffney 30 Year USDA | 2023-03-16 | 6.32% |
| Gaffney 30 Year USDA Refi | 2023-03-16 | 6.17% |
| Gaffney 30 Year VA | 2023-03-16 | 6.39% |
| Gaffney 30 Year VA Refi | 2023-03-16 | 5.83% |
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 96 lenders originated 964
loans during 2022. The total origination value was $176,740,000, with an average loan value of
$183,340.
Gaffney's average closing costs are $4,814.
The top Gaffney lender as defined by loan originations is First Piedmont Federal Savings and Loan Association of Gaffney, with
56 loans originated. Their average total fees are
$4,823, which is $1,096
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Gaffney lenders (with over 10 loans originated) are
FOUNDERS FEDERAL CREDIT UNION ($2,500), STATE EMPLOYEES' ($3,913), MIDLAND MORTGAGE CORPORATION ($3,981), First Piedmont Federal Savings and Loan Association of Gaffney ($4,823) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,109).
The lowest rate Gaffney lenders (with over 10 loans originated) are
STATE EMPLOYEES' (4.13%), LOANDEPOT.COM, LLC (4.39%), First Piedmont Federal Savings and Loan Association of Gaffney (4.65%), FOUNDERS FEDERAL CREDIT UNION (4.85%) and PRIMELENDING, A PLAINSCAPITAL COMPANY (4.90%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| First Piedmont Federal Savings and Loan Association of Gaffney | $17,490,000 | $19,855,000 | 13.5% | 11.2% |
| QUICKEN LOANS, LLC | $21,680,000 | $12,365,000 | -43.0% | 7.0% |
| FOUNDERS FEDERAL CREDIT UNION | $5,210,000 | $8,020,000 | 53.9% | 4.5% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $6,010,000 | $6,705,000 | 11.6% | 3.8% |
| MOVEMENT MORTGAGE, LLC | $8,765,000 | $6,535,000 | -25.4% | 3.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $6,060,000 | $6,275,000 | 3.5% | 3.6% |
| GUILD MORTGAGE COMPANY | $5,445,000 | $5,390,000 | -1.0% | 3.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $6,615,000 | $4,890,000 | -26.1% | 2.8% |
| Mortgage Research Center, LLC | $3,175,000 | $4,635,000 | 46.0% | 2.6% |
| MIDLAND MORTGAGE CORPORATION | $13,675,000 | $4,605,000 | -66.3% | 2.6% |
| Sierra Pacific Mortgage Company, Inc. | $3,860,000 | n/a | 2.2% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $4,415,000 | $3,695,000 | -16.3% | 2.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,045,000 | $3,435,000 | 68.0% | 1.9% |
| LOANDEPOT.COM, LLC | $1,285,000 | $2,925,000 | 127.6% | 1.7% |
| Wells Fargo Bank | $3,980,000 | $2,910,000 | -26.9% | 1.6% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,440,000 | $2,785,000 | 93.4% | 1.6% |
| Equity Prime Mortgage LLC | $535,000 | $2,715,000 | 407.5% | 1.5% |
| BROKER SOLUTIONS, INC. | $695,000 | $2,710,000 | 289.9% | 1.5% |
| STATE EMPLOYEES' | $2,375,000 | $2,655,000 | 11.8% | 1.5% |
| AMERISAVE MORTGAGE CORPORATION | $2,460,000 | $2,515,000 | 2.2% | 1.4% |
| Bank of America | $1,390,000 | $2,260,000 | 62.6% | 1.3% |
| Prudential Huntoon Paige Associates, LLC | $2,165,000 | n/a | 1.2% | |
| FREEDOM MORTGAGE CORPORATION | $5,625,000 | $2,150,000 | -61.8% | 1.2% |
| United Community Bank | $2,495,000 | $2,140,000 | -14.2% | 1.2% |
| Truist | $1,135,000 | $1,640,000 | 44.5% | 0.9% |
| First-Citizens Bank & Trust Company | $1,285,000 | $1,615,000 | 25.7% | 0.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,115,000 | $1,590,000 | 42.6% | 0.9% |
| SOUTH CAROLINA FEDERAL CREDIT UNION | $2,510,000 | $1,580,000 | -37.1% | 0.9% |
| First National Bank of Pennsylvania | $830,000 | $1,565,000 | 88.6% | 0.9% |
| 21ST MORTGAGE CORPORATION | $1,615,000 | $1,555,000 | -3.7% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $3,815,000 | $1,450,000 | -62.0% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,680,000 | $1,380,000 | -17.9% | 0.8% |
| ON Q FINANCIAL, INC. | $355,000 | $1,295,000 | 264.8% | 0.7% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $230,000 | $1,155,000 | 402.2% | 0.7% |
| Nations Lending Corporation | $250,000 | $1,070,000 | 328.0% | 0.6% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $310,000 | $1,060,000 | 241.9% | 0.6% |
| South State Bank | $625,000 | $1,055,000 | 68.8% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $1,530,000 | $1,040,000 | -32.0% | 0.6% |
| AgFirst Farm Credit Bank | $2,695,000 | $940,000 | -65.1% | 0.5% |
| Flagstar Bank, FSB | $765,000 | $920,000 | 20.3% | 0.5% |
| First Federal Bank | $535,000 | $905,000 | 69.2% | 0.5% |
| SOUTHWEST STAGE FUNDING, LLC | $195,000 | $905,000 | 364.1% | 0.5% |
| SHARONVIEW FEDERAL CREDIT UNION | $1,415,000 | $875,000 | -38.2% | 0.5% |
| HomeTrust Bank | $975,000 | $840,000 | -13.8% | 0.5% |
| Renasant Bank | $1,595,000 | $830,000 | -48.0% | 0.5% |
| The Park National Bank | $785,000 | n/a | 0.4% | |
| Southern First Bank | $780,000 | n/a | 0.4% | |
| HOMESTAR FINANCIAL CORPORATION | $1,435,000 | $705,000 | -50.9% | 0.4% |
| Southern Bank | $5,185,000 | $705,000 | -86.4% | 0.4% |
| Truliant Federal Credit Union | $210,000 | $690,000 | 228.6% | 0.4% |
| HOME POINT FINANCIAL CORPORATION | $105,000 | $645,000 | 514.3% | 0.4% |
| CALIBER HOME LOANS, INC. | $3,530,000 | $640,000 | -81.9% | 0.4% |
| First Reliance Bank | $365,000 | $630,000 | 72.6% | 0.4% |
| NEWREZ LLC | $1,050,000 | $575,000 | -45.2% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $1,760,000 | $545,000 | -69.0% | 0.3% |
| AmeriHome Mortgage Company, LLC | $400,000 | $520,000 | 30.0% | 0.3% |
| GUARANTEED RATE, INC. | $320,000 | $520,000 | 62.5% | 0.3% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $275,000 | $520,000 | 89.1% | 0.3% |
| C & F Mortgage Corporation | $510,000 | n/a | 0.3% | |
| INTERCOASTAL MORTGAGE COMPANY | $440,000 | $510,000 | 15.9% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $165,000 | $510,000 | 209.1% | 0.3% |
| JPMorgan Chase Bank | $1,280,000 | $505,000 | -60.5% | 0.3% |
| Magnolia Bank | $635,000 | $470,000 | -26.0% | 0.3% |
| PNC Bank | $375,000 | $465,000 | 24.0% | 0.3% |
| GoPrime Mortgage, Inc. | $175,000 | $460,000 | 162.9% | 0.3% |
| Low VA Rates, LLC | $355,000 | $445,000 | 25.4% | 0.3% |
| Countybank | $585,000 | $440,000 | -24.8% | 0.2% |
| FINANCE OF AMERICA MORTGAGE LLC | $665,000 | $440,000 | -33.8% | 0.2% |
| USAA Federal Savings Bank | $710,000 | $440,000 | -38.0% | 0.2% |
| Citadel Servicing Corporation | $435,000 | n/a | 0.2% | |
| Ameris Bank | $1,660,000 | $430,000 | -74.1% | 0.2% |
| TJC Mortgage, Inc. | $420,000 | n/a | 0.2% | |
| First Guaranty Mortgage Corporation | $485,000 | $410,000 | -15.5% | 0.2% |
| SUN WEST MORTGAGE COMPANY, INC. | $485,000 | $405,000 | -16.5% | 0.2% |
| North American Savings Bank, F.S.B. | $400,000 | n/a | 0.2% | |
| RAPID MORTGAGE COMPANY | $400,000 | n/a | 0.2% | |
| LIMA ONE CAPITAL, LLC | $395,000 | n/a | 0.2% | |
| Coastal Carolina National Bank | $385,000 | n/a | 0.2% | |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $385,000 | n/a | 0.2% | |
| Dollar Bank, Federal Savings Bank | $370,000 | n/a | 0.2% | |
| First Heritage Mortgage, LLC | $350,000 | n/a | 0.2% | |
| SOUTHWEST FUNDING, LP | $175,000 | $350,000 | 100.0% | 0.2% |
| Carrington Mortgage Services, LLC | $315,000 | $340,000 | 7.9% | 0.2% |
| FINANCE OF AMERICA REVERSE LLC | $340,000 | n/a | 0.2% | |
| SeaTrust Mortgage Company | $340,000 | n/a | 0.2% | |
| Arthur State Bank | $590,000 | $330,000 | -44.1% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $205,000 | $330,000 | 61.0% | 0.2% |
| BETTER MORTGAGE CORPORATION | $625,000 | $325,000 | -48.0% | 0.2% |
| The Fidelity Bank | $315,000 | n/a | 0.2% | |
| PLANET HOME LENDING, LLC | $310,000 | n/a | 0.2% | |
| GUARANTEED RATE AFFINITY, LLC | $245,000 | $300,000 | 22.4% | 0.2% |
| Blue Ridge Bank | $1,650,000 | $295,000 | -82.1% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $290,000 | n/a | 0.2% | |
| Alcova Mortgage LLC | $360,000 | $285,000 | -20.8% | 0.2% |
| American Security Mortgage Corp. | $285,000 | n/a | 0.2% | |
| CERTAINTY HOME LOANS, LLC | $135,000 | $285,000 | 111.1% | 0.2% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $345,000 | $285,000 | -17.4% | 0.2% |
| AMERICAN FINANCIAL RESOURCES, INC. | $540,000 | $280,000 | -48.1% | 0.2% |
| RESOURCE FINANCIAL SERVICES, INC. | $760,000 | $280,000 | -63.2% | 0.2% |
| Arvest Bank | $270,000 | n/a | 0.2% | |
| AMERICAN FINANCING CORPORATION | $265,000 | n/a | 0.1% | |
| CAROLINA FOOTHILLS | $1,215,000 | $265,000 | -78.2% | 0.1% |
| EVERETT FINANCIAL, INC. | $265,000 | n/a | 0.1% | |
| Texana Bank | $265,000 | n/a | 0.1% | |
| A&D Mortgage LLC | $245,000 | n/a | 0.1% | |
| OCEANSIDE MORTGAGE COMPANY | $245,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $800,000 | $235,000 | -70.6% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $270,000 | $230,000 | -14.8% | 0.1% |
| CAPITAL CENTER, L.L.C. | $515,000 | $225,000 | -56.3% | 0.1% |
| HANCOCK MORTGAGE PARTNERS, LLC | $215,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $790,000 | $215,000 | -72.8% | 0.1% |
| Uwharrie Bank | $215,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $195,000 | n/a | 0.1% | |
| Network Funding, L.P. | $350,000 | $190,000 | -45.7% | 0.1% |
| Alerus Financial | $185,000 | n/a | 0.1% | |
| First Community Bank | $125,000 | $185,000 | 48.0% | 0.1% |
| Hometown Lenders, Inc. | $185,000 | n/a | 0.1% | |
| Bank of England | $480,000 | $175,000 | -63.5% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $215,000 | $175,000 | -18.6% | 0.1% |
| DAS Acquisition Company, LLC | $175,000 | n/a | 0.1% | |
| United Bank | $175,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $515,000 | $170,000 | -67.0% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $165,000 | n/a | 0.1% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $615,000 | $155,000 | -74.8% | 0.1% |
| CRESCENT MORTGAGE COMPANY | $155,000 | n/a | 0.1% | |
| GREENVILLE FEDERAL CREDIT UNION | $2,515,000 | $155,000 | -93.8% | 0.1% |
| Peoples Bank | $155,000 | n/a | 0.1% | |
| AMERICAN ADVISORS GROUP | $150,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $150,000 | n/a | 0.1% | |
| M&T Bank | $85,000 | $145,000 | 70.6% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $425,000 | $135,000 | -68.2% | 0.1% |
| UNITED MORTGAGE CORP. | $135,000 | n/a | 0.1% | |
| Citizens Bank | $130,000 | n/a | 0.1% | |
| Discover Bank | $35,000 | $130,000 | 271.4% | 0.1% |
| CIS Financial Services, Inc. | $265,000 | $125,000 | -52.8% | 0.1% |
| CPM Federal Credit Union | $350,000 | $125,000 | -64.3% | 0.1% |
| MORTGAGE EQUITY PARTNERS LLC | $125,000 | n/a | 0.1% | |
| MORTGAGE INVESTORS GROUP, INC. | $125,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $725,000 | $125,000 | -82.8% | 0.1% |
| TIDEWATER MORTGAGE SERVICES, INC. | $125,000 | n/a | 0.1% | |
| Allen Tate Mortgage Partners, LLC | $115,000 | n/a | 0.1% | |
| INTERLINC MORTGAGE SERVICES, LLC | $575,000 | $115,000 | -80.0% | 0.1% |
| PHH Mortgage Corporation | $230,000 | $115,000 | -50.0% | 0.1% |
| POLARIS HOME FUNDING CORP. | $115,000 | n/a | 0.1% | |
| Fifth Third Bank | $505,000 | $105,000 | -79.2% | 0.1% |
| RUOFF MORTGAGE COMPANY, INC. | $105,000 | n/a | 0.1% | |
| SOUTHERN TRUST MORTGAGE, LLC | $105,000 | n/a | 0.1% | |
| CIVIC FINANCIAL SERVICES, LLC | $95,000 | n/a | 0.1% | |
| Lakeview Community Capital, LLC | $95,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $95,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $1,460,000 | $85,000 | -94.2% | 0.0% |
| S. C. STATE FEDERAL CREDIT UNION | $190,000 | $80,000 | -57.9% | 0.0% |
| S. C. TELCO | $80,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $75,000 | n/a | 0.0% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $165,000 | $65,000 | -60.6% | 0.0% |
Gaffney's top lender by overall market share is First Piedmont Federal Savings and Loan Association of Gaffney, with 11.2% market share. In second place, with 7.0%, is QUICKEN LOANS, LLC, having originated $12,365,000 in loans. In third place, with 4.5%, is FOUNDERS FEDERAL CREDIT UNION, having originated $8,020,000 in loans. In fourth place, with 3.8%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $6,705,000 in loans. In fifth place, with 3.7%, is MOVEMENT MORTGAGE, LLC, having originated $6,535,000 in loans.
Gaffney Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Gaffney (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 | $139,675 (20.3%) | $193,080 (32.5%) | 0.00 | 88 |
| 2018-02-01 | $143,475 (22.2%) | $201,476 (43.7%) | 0.00 | 91 |
| 2018-03-01 | $152,400 (28.4%) | $227,829 (62.4%) | 0.00 | 85 |
| 2018-04-01 | $149,117 (19.4%) | $203,148 (39.3%) | 0.00 | 82 |
| 2018-05-01 | $147,450 (13.1%) | $203,162 (33.9%) | 0.00 | 90 |
| 2018-06-01 | $162,400 (18.2%) | $208,744 (30.3%) | 0.00 | 87 |
| 2018-07-01 | $162,700 (21.5%) | $204,581 (16.8%) | 0.00 | 72 |
| 2018-08-01 | $148,800 (10.3%) | $187,993 (-2.9%) | 0.00 | 81 |
| 2018-09-01 | $159,900 (18.5%) | $186,619 (-0.3%) | 0.00 | 92 |
| 2018-10-01 | $158,900 (13.6%) | $194,712 (11.2%) | 0.00 | 102 |
| 2018-11-01 | $156,225 (18.0%) | $196,133 (11.1%) | 0.00 | 109 |
| 2018-12-01 | $143,700 (2.7%) | $191,202 (10.6%) | 0.00 | 104 |
| 2019-01-01 | $146,200 (4.7%) | $199,810 (3.5%) | 0.00 | 93 |
| 2019-02-01 | $144,900 (1.0%) | $212,655 (5.6%) | 0.00 | 90 |
| 2019-03-01 | $161,214 (5.8%) | $216,790 (-4.9%) | 0.00 | 78 |
| 2019-04-01 | $172,314 (15.6%) | $215,557 (6.1%) | 0.00 | 74 |
| 2019-05-01 | $173,563 (17.7%) | $216,180 (6.4%) | 0.00 | 86 |
| 2019-06-01 | $167,900 (3.4%) | $213,928 (2.5%) | 0.00 | 92 |
| 2019-07-01 | $166,250 (2.2%) | $211,670 (3.5%) | 0.00 | 97 |
| 2019-08-01 | $170,032 (14.3%) | $208,578 (11.0%) | 0.00 | 90 |
| 2019-09-01 | $183,205 (14.6%) | $215,938 (15.7%) | 0.00 | 81 |
| 2019-10-01 | $187,711 (18.1%) | $219,795 (12.9%) | 0.00 | 75 |
| 2019-11-01 | $174,750 (11.9%) | $216,446 (10.4%) | 0.00 | 81 |
| 2019-12-01 | $169,950 (18.3%) | $208,306 (9.0%) | 0.00 | 91 |
| 2020-01-01 | $189,975 (29.9%) | $218,880 (9.5%) | 0.00 | 87 |
| 2020-02-01 | $180,000 (24.2%) | $208,536 (-1.9%) | 0.00 | 102 |
| 2020-03-01 | $159,900 (-0.8%) | $184,056 (-15.1%) | 0.00 | 109 |
| 2020-04-01 | $170,975 (-0.8%) | $190,576 (-11.6%) | 0.00 | 107 |
| 2020-05-01 | $180,950 (4.3%) | $192,092 (-11.1%) | 0.00 | 86 |
| 2020-06-01 | $185,750 (10.6%) | $192,320 (-10.1%) | 0.00 | 77 |
| 2020-07-01 | $162,125 (-2.5%) | $193,445 (-8.6%) | 0.00 | 61 |
| 2020-08-01 | $183,850 (8.1%) | $187,670 (-10.0%) | 0.00 | 61 |
| 2020-09-01 | $189,900 (3.7%) | $204,086 (-5.5%) | 0.00 | 60 |
| 2020-10-01 | $179,900 (-4.2%) | $197,825 (-10.0%) | 0.00 | 49 |
| 2020-11-01 | $202,200 (15.7%) | $278,455 (28.7%) | 0.00 | 46 |
| 2020-12-01 | $229,225 (34.9%) | $286,820 (37.7%) | 0.00 | 43 |
| 2021-01-01 | $212,400 (11.8%) | $260,040 (18.8%) | 0.00 | 43 |
| 2021-02-01 | $212,175 (17.9%) | $273,799 (31.3%) | 0.00 | 36 |
| 2021-03-01 | $221,550 (38.6%) | $292,539 (58.9%) | 0.00 | 26 |
| 2021-04-01 | $218,923 (28.0%) | $317,044 (66.4%) | 0.00 | 25 |
| 2021-05-01 | $218,900 (21.0%) | $352,768 (83.7%) | 0.00 | 26 |
| 2021-06-01 | $200,574 (8.0%) | $319,795 (66.3%) | 0.00 | 29 |
| 2021-07-01 | $204,923 (26.4%) | $304,931 (57.6%) | 0.00 | 39 |
| 2021-08-01 | $225,473 (22.6%) | $324,938 (73.1%) | 0.00 | 47 |
| 2021-09-01 | $184,700 (-2.7%) | $261,647 (28.2%) | 0.00 | 52 |
| 2021-10-01 | $185,000 (2.8%) | $289,882 (46.5%) | 0.00 | 51 |
| 2021-11-01 | $208,236 (3.0%) | $281,687 (1.2%) | 0.00 | 43 |
| 2021-12-01 | $226,000 (-1.4%) | $272,095 (-5.1%) | 0.00 | 42 |
| 2022-01-01 | $224,500 (5.7%) | $259,426 (-0.2%) | 0.00 | 36 |
| 2022-02-01 | $263,125 (24.0%) | $274,683 (0.3%) | 0.00 | 51 |
| 2022-03-01 | $269,900 (21.8%) | $261,752 (-10.5%) | 0.00 | 50 |
| 2022-04-01 | $249,000 (13.7%) | $274,136 (-13.5%) | 0.00 | 46 |
| 2022-05-01 | $209,950 (-4.1%) | $286,190 (-18.9%) | 0.00 | 57 |
| 2022-06-01 | $223,650 (11.5%) | $293,134 (-8.3%) | 0.00 | 72 |
| 2022-07-01 | $251,900 (22.9%) | $293,673 (-3.7%) | 0.00 | 84 |
| 2022-08-01 | $247,038 (9.6%) | $288,690 (-11.2%) | 0.00 | 95 |
| 2022-09-01 | $259,900 (40.7%) | $288,604 (10.3%) | 0.00 | 110 |
| 2022-10-01 | $274,400 (48.3%) | $295,060 (1.8%) | 0.00 | 116 |
| 2022-11-01 | $276,675 (32.9%) | $285,592 (1.4%) | 0.00 | 117 |
| 2022-12-01 | $260,000 (15.0%) | $269,054 (-1.1%) | 0.00 | 122 |
| 2023-01-01 | $261,945 (16.7%) | $263,806 (1.7%) | 0.00 | 113 |
| 2023-02-01 | $253,750 (-3.6%) | $265,026 (-3.5%) | 0.00 | 103 |
Gaffney's median listing price comes in at 0% of the national average.
Gaffney's average listing price for 2023-02-01 was $265,026, a difference of $-9,657 (-3.5%) versus the prior year and $1,220 versus the prior month.
For the 2023-02-01 period, Gaffney had 103 MLS listings, a difference of -10 listings (-9%) versus the prior month and 52 listings (102%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Gaffney (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,680 sqft |
| 2018-02-01 | 0 days | 1,725 sqft |
| 2018-03-01 | 0 days | 1,836 sqft |
| 2018-04-01 | 0 days | 1,794 sqft |
| 2018-05-01 | 0 days | 1,871 sqft |
| 2018-06-01 | 0 days | 1,900 sqft |
| 2018-07-01 | 0 days | 1,865 sqft |
| 2018-08-01 | 0 days | 1,812 sqft |
| 2018-09-01 | 0 days | 1,800 sqft |
| 2018-10-01 | 0 days | 1,746 sqft |
| 2018-11-01 | 0 days | 1,863 sqft |
| 2018-12-01 | 0 days | 1,715 sqft |
| 2019-01-01 | 0 days | 1,692 sqft |
| 2019-02-01 | 0 days | 1,836 sqft |
| 2019-03-01 | 0 days | 1,893 sqft |
| 2019-04-01 | 0 days | 1,865 sqft |
| 2019-05-01 | 0 days | 1,810 sqft |
| 2019-06-01 | 0 days | 1,750 sqft |
| 2019-07-01 | 0 days | 1,839 sqft |
| 2019-08-01 | 0 days | 1,818 sqft |
| 2019-09-01 | 0 days | 1,894 sqft |
| 2019-10-01 | 0 days | 1,929 sqft |
| 2019-11-01 | 0 days | 1,900 sqft |
| 2019-12-01 | 0 days | 1,808 sqft |
| 2020-01-01 | 0 days | 1,806 sqft |
| 2020-02-01 | 0 days | 1,798 sqft |
| 2020-03-01 | 0 days | 1,738 sqft |
| 2020-04-01 | 0 days | 1,801 sqft |
| 2020-05-01 | 0 days | 1,800 sqft |
| 2020-06-01 | 0 days | 1,579 sqft |
| 2020-07-01 | 0 days | 1,535 sqft |
| 2020-08-01 | 0 days | 1,505 sqft |
| 2020-09-01 | 0 days | 1,552 sqft |
| 2020-10-01 | 0 days | 1,558 sqft |
| 2020-11-01 | 0 days | 1,659 sqft |
| 2020-12-01 | 0 days | 1,803 sqft |
| 2021-01-01 | 0 days | 1,751 sqft |
| 2021-02-01 | 0 days | 1,626 sqft |
| 2021-03-01 | 0 days | 1,729 sqft |
| 2021-04-01 | 0 days | 1,721 sqft |
| 2021-05-01 | 0 days | 1,542 sqft |
| 2021-06-01 | 0 days | 1,629 sqft |
| 2021-07-01 | 0 days | 1,629 sqft |
| 2021-08-01 | 0 days | 1,909 sqft |
| 2021-09-01 | 0 days | 1,592 sqft |
| 2021-10-01 | 0 days | 1,747 sqft |
| 2021-11-01 | 0 days | 1,704 sqft |
| 2021-12-01 | 0 days | 1,785 sqft |
| 2022-01-01 | 0 days | 1,510 sqft |
| 2022-02-01 | 0 days | 1,738 sqft |
| 2022-03-01 | 0 days | 1,738 sqft |
| 2022-04-01 | 0 days | 1,700 sqft |
| 2022-05-01 | 0 days | 1,703 sqft |
| 2022-06-01 | 0 days | 1,710 sqft |
| 2022-07-01 | 0 days | 1,837 sqft |
| 2022-08-01 | 0 days | 1,770 sqft |
| 2022-09-01 | 0 days | 1,761 sqft |
| 2022-10-01 | 0 days | 1,770 sqft |
| 2022-11-01 | 0 days | 1,761 sqft |
| 2022-12-01 | 0 days | 1,770 sqft |
| 2023-01-01 | 0 days | 1,751 sqft |
| 2023-02-01 | 0 days | 1,768 sqft |
Gaffney's median square footage for active listings during the 2023-02-01 period was 1,768 sqft. One year prior, the average listing was 1,738 sqft.
Gaffney, SC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 595 | $121,535,000 | $204,261 |
| Cash Out Refi | 221 | $35,875,000 | $162,330 |
| Refi | 75 | $12,575,000 | $167,667 |
| Home Improvement | 39 | $4,265,000 | $109,359 |
| Other | 34 | $2,490,000 | $73,235 |
Gaffney's most frequently cited loan purpose was Home Purchase, with 595 originations. The 2nd most popular reason was Cash Out Refi, with 221 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 260 | $51,540,000 | $198,231 |
| 4-5% | 241 | $46,875,000 | $194,502 |
| 3-4% | 194 | $37,280,000 | $192,165 |
| 6-7% | 117 | $19,615,000 | $167,650 |
| 2.5-3% | 51 | $9,165,000 | $179,706 |
| Over 8% | 35 | $4,525,000 | $129,286 |
| 7-8% | 35 | $5,095,000 | $145,571 |
| <2.5% | 29 | $2,565,000 | $88,448 |
During 2022, Gaffney's most frequently originated rate bucket was 5-6%, with 260 originations.
Loan Sizing (Gaffney, SC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 431 | $64,125,000 | $148,782 |
| $200k-400k | 307 | $81,625,000 | $265,879 |
| $100,000 or less | 193 | $11,935,000 | $61,839 |
| $400k-600k | 25 | $11,685,000 | $467,400 |
| $600k-1000k | 6 | $4,200,000 | $700,000 |
| $Over $1MM | 2 | $3,170,000 | $1,585,000 |
Gaffney's loan sizing saw the bucket of loans from $100k-200k with 431 originations, totaling $64,125,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 493 | $104,575,000 | $212,120 |
| 60-80% | 220 | $42,180,000 | $191,727 |
| 40-60% | 120 | $16,380,000 | $136,500 |
| 20-40% | 60 | $5,190,000 | $86,500 |
| Under 20% | 54 | $5,180,000 | $95,926 |
| Over 100% | 12 | $2,400,000 | $200,000 |
Gaffney's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 493 originations, totaling $104,575,000 in origination value.