GAINESVILLE Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Gainesville averaged
6.51%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.84% and
one month ago for the week of 2024-10-03, the
average rate was 5.94%.
Gainesville's average rate one year ago was 7.48%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.36%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Gainesville 30 Year Fixed Rate | 2024-11-07 | 6.51% |
| Gainesville 30 Year Fixed Rate Refi | 2024-11-07 | 7.36% |
| Gainesville 15 Year Fixed Rate | 2024-11-07 | 6.47% |
| Gainesville 15 Year Fixed Rate Refi | 2024-11-07 | 6.1% |
| Gainesville 30 Year FHA | 2024-11-07 | 6.35% |
| Gainesville 30 Year FHA Refi | 2024-11-07 | 6.23% |
| Gainesville 30 Year USDA | 2024-11-07 | 6.38% |
| Gainesville 30 Year USDA Refi | 2024-11-07 | 6.28% |
| Gainesville 30 Year VA | 2024-11-07 | 6.42% |
| Gainesville 30 Year VA Refi | 2024-11-07 | 6.14% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within GAINESVILLE, FL.
GAINESVILLE 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 GAINESVILLE, FL 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.).
GAINESVILLE Average Closing Costs & Other Stats
GAINESVILLE, FL's 218 lenders originated 5,303
loans during 2023. The total origination value was $1,391,075,000, with an average loan value of
$262,318.
GAINESVILLE's average closing costs are $5,683.
The top GAINESVILLE lender as defined by loan originations is QUICKEN LOANS, LLC, with
157 loans originated. Their average total fees are
$7,929, which is $650
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee GAINESVILLE lenders (with over 10 loans originated) are
VYSTAR ($3,418), SunState Federal Credit Union ($3,601), Wells Fargo Bank ($3,654), DHI MORTGAGE COMPANY, LTD. ($3,672) and Suncoast Credit Union ($4,253).
The lowest rate GAINESVILLE lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (5.33%), Suncoast Credit Union (5.49%), DHI MORTGAGE COMPANY, LTD. (5.77%), WATSON MORTGAGE CORP. (5.98%) and TD Bank (5.99%).
GAINESVILLE, FL 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $84,500,000 | $82,910,000 | -1.9% | 6.0% |
| QUICKEN LOANS, LLC | $91,950,000 | $68,875,000 | -25.1% | 5.0% |
| CAMPUS USA | $103,215,000 | $62,615,000 | -39.3% | 4.5% |
| Wells Fargo Bank | $22,165,000 | $59,300,000 | 167.5% | 4.3% |
| Ameris Bank | $94,310,000 | $57,245,000 | -39.3% | 4.1% |
| South State Bank | $33,990,000 | $53,520,000 | 57.5% | 3.8% |
| AMERICAN FINANCIAL NETWORK, INC. | $45,795,000 | n/a | 3.3% | |
| DHI MORTGAGE COMPANY, LTD. | $56,575,000 | $45,330,000 | -19.9% | 3.3% |
| Mortgage Lenders Investment Trading Corporation | $57,050,000 | $40,140,000 | -29.6% | 2.9% |
| TD Bank | $47,900,000 | $37,485,000 | -21.7% | 2.7% |
| Advisors Mortgage Group, L.L.C. | $53,900,000 | $32,335,000 | -40.0% | 2.3% |
| THE MORTGAGE FIRM, INC. | $34,275,000 | $30,670,000 | -10.5% | 2.2% |
| Arbor Realty Trust, Inc. | $6,505,000 | $28,590,000 | 339.5% | 2.1% |
| NORTHMARQ CAPITAL FINANCE, L.L.C. | $32,095,000 | $24,305,000 | -24.3% | 1.7% |
| Truist | $41,500,000 | $24,150,000 | -41.8% | 1.7% |
| SunState Federal Credit Union | $42,440,000 | $20,465,000 | -51.8% | 1.5% |
| 21ST MORTGAGE CORPORATION | $23,820,000 | $19,355,000 | -18.7% | 1.4% |
| FLORIDA | $29,980,000 | $19,225,000 | -35.9% | 1.4% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $29,200,000 | $18,300,000 | -37.3% | 1.3% |
| FBC MORTGAGE, LLC | $41,520,000 | $17,870,000 | -57.0% | 1.3% |
| Mortgage Research Center, LLC | $18,780,000 | $16,890,000 | -10.1% | 1.2% |
| Bank of America | $25,365,000 | $16,745,000 | -34.0% | 1.2% |
| GUARANTEED RATE, INC. | $10,885,000 | $14,525,000 | 33.4% | 1.0% |
| NAVY FEDERAL CREDIT UNION | $14,045,000 | $13,570,000 | -3.4% | 1.0% |
| UNION HOME MORTGAGE CORP. | $13,690,000 | $13,555,000 | -1.0% | 1.0% |
| PENNYMAC LOAN SERVICES, LLC | $21,930,000 | $12,490,000 | -43.0% | 0.9% |
| MOVEMENT MORTGAGE, LLC | $14,315,000 | $11,865,000 | -17.1% | 0.9% |
| EAGLE HOME MORTGAGE, LLC | $11,720,000 | n/a | 0.8% | |
| GREYSTONE SERVICING COMPANY LLC | $11,505,000 | n/a | 0.8% | |
| JPMorgan Chase Bank | $53,480,000 | $10,755,000 | -79.9% | 0.8% |
| Seacoast National Bank | $1,885,000 | $9,715,000 | 415.4% | 0.7% |
| VYSTAR | $21,950,000 | $9,320,000 | -57.5% | 0.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $12,090,000 | $8,995,000 | -25.6% | 0.6% |
| CARDINAL FINANCIAL | $14,195,000 | $8,690,000 | -38.8% | 0.6% |
| First Horizon Bank | $3,890,000 | $8,625,000 | 121.7% | 0.6% |
| Capital City Bank | $14,300,000 | $8,420,000 | -41.1% | 0.6% |
| TRIAD FINANCIAL SERVICES, INC. | $8,675,000 | $8,405,000 | -3.1% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $11,350,000 | $8,185,000 | -27.9% | 0.6% |
| First Federal Bank | $9,035,000 | $7,560,000 | -16.3% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $11,200,000 | $6,805,000 | -39.2% | 0.5% |
| USAA Federal Savings Bank | $9,100,000 | $6,770,000 | -25.6% | 0.5% |
| LOANDEPOT.COM, LLC | $16,795,000 | $6,710,000 | -60.0% | 0.5% |
| WALKER & DUNLOP, LLC | $6,035,000 | n/a | 0.4% | |
| Paramount Residential Mortgage Group, Inc. | $17,705,000 | $5,980,000 | -66.2% | 0.4% |
| PNC Bank | $92,680,000 | $5,785,000 | -93.8% | 0.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $5,450,000 | $5,485,000 | 0.6% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $12,685,000 | $5,465,000 | -56.9% | 0.4% |
| U.S. Bank | $6,395,000 | $5,390,000 | -15.7% | 0.4% |
| CIVIC FINANCIAL SERVICES, LLC | $3,625,000 | $5,190,000 | 43.2% | 0.4% |
| MIDFLORIDA | $9,790,000 | $5,090,000 | -48.0% | 0.4% |
| Regions Bank | $6,840,000 | $5,055,000 | -26.1% | 0.4% |
| Suncoast Credit Union | $4,135,000 | $4,835,000 | 16.9% | 0.3% |
| NEWREZ LLC | $6,450,000 | $4,775,000 | -26.0% | 0.3% |
| EVERETT FINANCIAL, INC. | $2,670,000 | $4,695,000 | 75.8% | 0.3% |
| BancorpSouth | $3,795,000 | $4,690,000 | 23.6% | 0.3% |
| Renasant Bank | $17,170,000 | $4,640,000 | -73.0% | 0.3% |
| LEADERONE FINANCIAL CORPORATION | $3,640,000 | $4,040,000 | 11.0% | 0.3% |
| Capital City Home Loans, LLC | $8,040,000 | $3,960,000 | -50.7% | 0.3% |
| LENDINGHOME FUNDING CORPORATION | $4,845,000 | $3,915,000 | -19.2% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $5,695,000 | $3,895,000 | -31.6% | 0.3% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $7,905,000 | $3,865,000 | -51.1% | 0.3% |
| The Huntington National Bank | $2,635,000 | $3,760,000 | 42.7% | 0.3% |
| BROKER SOLUTIONS, INC. | $5,760,000 | $3,720,000 | -35.4% | 0.3% |
| BETTER MORTGAGE CORPORATION | $9,360,000 | $3,660,000 | -60.9% | 0.3% |
| Fifth Third Bank | $3,760,000 | $3,630,000 | -3.5% | 0.3% |
| WATSON MORTGAGE CORP. | $3,130,000 | $3,540,000 | 13.1% | 0.3% |
| First National Bank of Pennsylvania | $1,040,000 | $3,130,000 | 201.0% | 0.2% |
| Merchants Capital Corp. | $3,045,000 | n/a | 0.2% | |
| AMWEST FUNDING CORP. | $1,625,000 | $2,910,000 | 79.1% | 0.2% |
| CMG MORTGAGE, INC. | $1,700,000 | $2,890,000 | 70.0% | 0.2% |
| Ally Bank | $3,600,000 | $2,770,000 | -23.1% | 0.2% |
| Carrington Mortgage Services, LLC | $5,130,000 | $2,750,000 | -46.4% | 0.2% |
| NBKC BANK | $2,535,000 | $2,680,000 | 5.7% | 0.2% |
| OCMBC, INC. | $510,000 | $2,620,000 | 413.7% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $14,000,000 | $2,585,000 | -81.5% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $3,365,000 | $2,575,000 | -23.5% | 0.2% |
| PLANET HOME LENDING, LLC | $3,840,000 | $2,550,000 | -33.6% | 0.2% |
| CALIBER HOME LOANS, INC. | $15,990,000 | $2,425,000 | -84.8% | 0.2% |
| Prosperity Home Mortgage, LLC | $2,535,000 | $2,425,000 | -4.3% | 0.2% |
| Nations Lending Corporation | $5,480,000 | $2,410,000 | -56.0% | 0.2% |
| AgFirst Farm Credit Bank | $2,395,000 | $2,260,000 | -5.6% | 0.2% |
| DEEPHAVEN MORTGAGE LLC | $905,000 | $2,160,000 | 138.7% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $3,695,000 | $2,160,000 | -41.5% | 0.2% |
| Ixonia Bank | $1,180,000 | $2,110,000 | 78.8% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $3,115,000 | $2,070,000 | -33.5% | 0.1% |
| 1ST SIGNATURE LENDING, LLC | $3,590,000 | $2,060,000 | -42.6% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $2,210,000 | $2,005,000 | -9.3% | 0.1% |
| Goldwater Bank, N.A. | $980,000 | $1,990,000 | 103.1% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $650,000 | $1,945,000 | 199.2% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $5,140,000 | $1,855,000 | -63.9% | 0.1% |
| A&D Mortgage LLC | $2,635,000 | $1,780,000 | -32.4% | 0.1% |
| LOANPAL, LLC | $760,000 | $1,765,000 | 132.2% | 0.1% |
| Equity Prime Mortgage LLC | $1,875,000 | $1,760,000 | -6.1% | 0.1% |
| CONTOUR MORTGAGE CORPORATION | $205,000 | $1,725,000 | 741.5% | 0.1% |
| Figure Lending LLC | $805,000 | $1,725,000 | 114.3% | 0.1% |
| Citibank | $4,325,000 | $1,705,000 | -60.6% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,375,000 | $1,700,000 | -28.4% | 0.1% |
| Citadel Servicing Corporation | $260,000 | $1,680,000 | 546.2% | 0.1% |
| Citizens Bank | $5,005,000 | $1,615,000 | -67.7% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $745,000 | $1,600,000 | 114.8% | 0.1% |
| LAKE MICHIGAN CREDIT UNION | $905,000 | $1,595,000 | 76.2% | 0.1% |
| First-Citizens Bank & Trust Company | $3,580,000 | $1,550,000 | -56.7% | 0.1% |
| AMERICAN BANCSHARES MORTGAGE | $1,935,000 | $1,545,000 | -20.2% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $350,000 | $1,530,000 | 337.1% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $4,350,000 | $1,500,000 | -65.5% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $4,695,000 | $1,490,000 | -68.3% | 0.1% |
| Discover Bank | $2,090,000 | $1,475,000 | -29.4% | 0.1% |
| Brannen Bank | $1,555,000 | $1,470,000 | -5.5% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $1,325,000 | $1,470,000 | 10.9% | 0.1% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $1,465,000 | n/a | 0.1% | |
| Presidential Bank, FSB | $1,455,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $2,625,000 | $1,440,000 | -45.1% | 0.1% |
| FIRST MORTGAGE COMPANY, INC. | $525,000 | $1,440,000 | 174.3% | 0.1% |
| STOCKTON MORTGAGE CORPORATION | $410,000 | $1,425,000 | 247.6% | 0.1% |
| SIRVA MORTGAGE, INC. | $725,000 | $1,410,000 | 94.5% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $905,000 | $1,355,000 | 49.7% | 0.1% |
| Flagstar Bank, FSB | $3,790,000 | $1,345,000 | -64.5% | 0.1% |
| Strong Home Mortgage, LLC | $705,000 | $1,345,000 | 90.8% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $800,000 | $1,315,000 | 64.4% | 0.1% |
| Plains Commerce Bank | $1,165,000 | $1,310,000 | 12.4% | 0.1% |
| NEW DAY FINANCIAL, LLC | $5,580,000 | $1,290,000 | -76.9% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,515,000 | $1,245,000 | -17.8% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,015,000 | $1,235,000 | 21.7% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $1,050,000 | $1,230,000 | 17.1% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $1,085,000 | $1,205,000 | 11.1% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,490,000 | $1,190,000 | -20.1% | 0.1% |
| Bank of England | $3,475,000 | $1,180,000 | -66.0% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $980,000 | $1,160,000 | 18.4% | 0.1% |
| The Loan Store, Inc. | $1,160,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,505,000 | $1,130,000 | -24.9% | 0.1% |
| HOMESTAR FINANCIAL CORPORATION | $840,000 | $1,095,000 | 30.4% | 0.1% |
| SPACE COAST Credit Union | $875,000 | $1,075,000 | 22.9% | 0.1% |
| First Federal Bank, A FSB | $1,065,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $730,000 | $1,060,000 | 45.2% | 0.1% |
| Grow Financial Federal Credit Union | $610,000 | $1,050,000 | 72.1% | 0.1% |
| BOKF | $255,000 | $1,045,000 | 309.8% | 0.1% |
| KeyBank | $4,145,000 | $1,035,000 | -75.0% | 0.1% |
| WINGS FINANCIAL | $55,000 | $1,035,000 | 1,781.8% | 0.1% |
| EMM LOANS LLC | $495,000 | $1,030,000 | 108.1% | 0.1% |
| Hometown Equity Mortgage, LLC | $210,000 | $1,030,000 | 390.5% | 0.1% |
| First Bank | $1,015,000 | n/a | 0.1% | |
| UIF CORPORATION | $470,000 | $1,010,000 | 114.9% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $530,000 | $1,005,000 | 89.6% | 0.1% |
| City National Bank | $995,000 | n/a | 0.1% | |
| MORTGAGE FINANCIAL GROUP, INC. | $105,000 | $980,000 | 833.3% | 0.1% |
| Synovus Bank | $1,450,000 | $980,000 | -32.4% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $930,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $780,000 | $930,000 | 19.2% | 0.1% |
| GUILD MORTGAGE COMPANY | $2,850,000 | $930,000 | -67.4% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $6,045,000 | $920,000 | -84.8% | 0.1% |
| Waterstone Mortgage Corporation | $250,000 | $915,000 | 266.0% | 0.1% |
| Morgan Stanley Private Bank | $2,640,000 | $885,000 | -66.5% | 0.1% |
| Stifel Bank and Trust | $800,000 | $875,000 | 9.4% | 0.1% |
| NEXERA HOLDING LLC | $765,000 | $870,000 | 13.7% | 0.1% |
| The Federal Savings Bank | $2,345,000 | $870,000 | -62.9% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $610,000 | $840,000 | 37.7% | 0.1% |
| MICHIGAN MUTUAL, INC. | $850,000 | $840,000 | -1.2% | 0.1% |
| GTE Federal Credit Union | $425,000 | $835,000 | 96.5% | 0.1% |
| Mid-Continent Funding, Inc. | $565,000 | $835,000 | 47.8% | 0.1% |
| NFM, INC. | $1,220,000 | $835,000 | -31.6% | 0.1% |
| Keystone Funding, Inc. | $820,000 | n/a | 0.1% | |
| First State Bank | $815,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $165,000 | $810,000 | 390.9% | 0.1% |
| TOWNE MORTGAGE COMPANY | $1,300,000 | $755,000 | -41.9% | 0.1% |
| ZILLOW HOME LOANS, LLC | $2,080,000 | $755,000 | -63.7% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $670,000 | $745,000 | 11.2% | 0.1% |
| GREAT LAKES | $745,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $2,395,000 | $725,000 | -69.7% | 0.1% |
| BECKAM FUNDING CORP. | $725,000 | n/a | 0.1% | |
| Florida Capital Bank | $1,660,000 | $725,000 | -56.3% | 0.1% |
| SeaTrust Mortgage Company | $205,000 | $725,000 | 253.7% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,865,000 | $700,000 | -62.5% | 0.1% |
| North American Savings Bank, F.S.B. | $455,000 | $700,000 | 53.8% | 0.1% |
| Academy Bank | $690,000 | n/a | 0.0% | |
| First Federal Savings and Loan Association of Lakewood | $690,000 | n/a | 0.0% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $265,000 | $690,000 | 160.4% | 0.0% |
| POWER FINANCIAL | $245,000 | $680,000 | 177.6% | 0.0% |
| METROPLEX MORTGAGE SERVICES, INC. | $320,000 | $670,000 | 109.4% | 0.0% |
| RESIDENTIAL HOME MORTGAGE CORPORATION | $225,000 | $660,000 | 193.3% | 0.0% |
| HOME TOWN FUNDING, INC. | $655,000 | n/a | 0.0% | |
| BankPlus | $645,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $870,000 | $645,000 | -25.9% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $915,000 | $640,000 | -30.1% | 0.0% |
| Arvest Bank | $625,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $705,000 | $595,000 | -15.6% | 0.0% |
| Valley National Bank | $5,010,000 | $590,000 | -88.2% | 0.0% |
| Network Funding, L.P. | $585,000 | n/a | 0.0% | |
| ACOPIA, LLC | $210,000 | $580,000 | 176.2% | 0.0% |
| AMERICAN FINANCE HOUSE LARIBA | $295,000 | $560,000 | 89.8% | 0.0% |
| Kwik Mortgage Corporation | $550,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $760,000 | $525,000 | -30.9% | 0.0% |
| LENDSURE MORTGAGE CORP. | $285,000 | $520,000 | 82.5% | 0.0% |
| American Broadcast Employees Federal Credit Union | $505,000 | n/a | 0.0% | |
| LAND HOME FINANCIAL SERVICES, INC. | $1,045,000 | $490,000 | -53.1% | 0.0% |
| GSF Mortgage Corporation | $715,000 | $475,000 | -33.6% | 0.0% |
| Old National Bank | $385,000 | $475,000 | 23.4% | 0.0% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $365,000 | $470,000 | 28.8% | 0.0% |
| MILLENNIUM BANK | $4,950,000 | $470,000 | -90.5% | 0.0% |
| Citizens First Bank | $465,000 | n/a | 0.0% | |
| BMO Harris Bank | $735,000 | $455,000 | -38.1% | 0.0% |
| First Republic Bank | $455,000 | n/a | 0.0% | |
| Stride Bank | $455,000 | n/a | 0.0% | |
| First National Bank of America | $115,000 | $450,000 | 291.3% | 0.0% |
| CSL Financial, LLC | $425,000 | n/a | 0.0% | |
| NATION ONE MORTGAGE CORPORATION | $425,000 | n/a | 0.0% | |
| Coastal Community Bank | $420,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $565,000 | $415,000 | -26.5% | 0.0% |
| HomeTrust Bank | $415,000 | n/a | 0.0% | |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $245,000 | $410,000 | 67.3% | 0.0% |
| Commerce Home Mortgage, Inc. | $1,245,000 | $410,000 | -67.1% | 0.0% |
| Bremer Bank | $235,000 | $405,000 | 72.3% | 0.0% |
| GREENTREE MORTGAGE COMPANY, L.P. | $405,000 | n/a | 0.0% | |
| United Community Bank | $3,715,000 | $405,000 | -89.1% | 0.0% |
| NP, Inc. | $195,000 | $400,000 | 105.1% | 0.0% |
| ALLIANT CREDIT UNION | $845,000 | $390,000 | -53.8% | 0.0% |
| MORTGAGEONE, INC. | $390,000 | n/a | 0.0% | |
| RESIDENTIAL HOME FUNDING CORP. | $385,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $380,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $685,000 | $380,000 | -44.5% | 0.0% |
| Neighborhood Loans, Inc. | $380,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $1,750,000 | $380,000 | -78.3% | 0.0% |
| CLEARPATH LENDING | $775,000 | $375,000 | -51.6% | 0.0% |
| Wolfe Financial, Inc | $370,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $365,000 | n/a | 0.0% | |
| GUIDANCE RESIDENTIAL, LLC | $1,365,000 | $365,000 | -73.3% | 0.0% |
| The First National Bank of Fort Smith | $365,000 | n/a | 0.0% | |
| First Savings Bank | $1,020,000 | $360,000 | -64.7% | 0.0% |
| SouthPoint Bank | $360,000 | n/a | 0.0% | |
| SWBC MORTGAGE CORPORATION | $470,000 | $360,000 | -23.4% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $365,000 | $350,000 | -4.1% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $5,435,000 | $345,000 | -93.7% | 0.0% |
| NMSI, INC. | $345,000 | n/a | 0.0% | |
| S&T Bank | $345,000 | n/a | 0.0% | |
| First Option Mortgage, LLC | $365,000 | $340,000 | -6.8% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $340,000 | n/a | 0.0% | |
| Metro City Bank | $830,000 | $335,000 | -59.6% | 0.0% |
| RBC Bank, (Georgia) | $325,000 | $335,000 | 3.1% | 0.0% |
| TruHome Solutions, LLC | $335,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $175,000 | $330,000 | 88.6% | 0.0% |
| Heritage Bank | $755,000 | $325,000 | -57.0% | 0.0% |
| University Bank | $320,000 | n/a | 0.0% | |
| Banco do Brasil Americas | $315,000 | n/a | 0.0% | |
| First National Bank and Trust Company | $315,000 | n/a | 0.0% | |
| NORTHPOINT MORTGAGE, INC. | $315,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $85,000 | $315,000 | 270.6% | 0.0% |
| ITHINK FINANCIAL Credit Union | $220,000 | $310,000 | 40.9% | 0.0% |
| COMMUNITY FIRST CREDIT UNION OF FLO | $425,000 | $305,000 | -28.2% | 0.0% |
| MILEND, INC. | $225,000 | $305,000 | 35.6% | 0.0% |
| FIRST TECHNOLOGY | $600,000 | $300,000 | -50.0% | 0.0% |
| Citizens Bank and Trust | $255,000 | $295,000 | 15.7% | 0.0% |
| First Home Bank | $905,000 | $295,000 | -67.4% | 0.0% |
| GENERAL ELECTRIC CREDIT UNION | $295,000 | n/a | 0.0% | |
| Norway Savings Bank | $295,000 | n/a | 0.0% | |
| TAMPA BAY FEDERAL CREDIT UNION | $385,000 | $295,000 | -23.4% | 0.0% |
| 121 FINANCIAL | $420,000 | $290,000 | -31.0% | 0.0% |
| ADVANCIAL | $245,000 | $285,000 | 16.3% | 0.0% |
| INTERCOASTAL MORTGAGE COMPANY | $285,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $3,310,000 | $285,000 | -91.4% | 0.0% |
| CANOPY MORTGAGE, LLC | $275,000 | n/a | 0.0% | |
| Gateway First Bank | $135,000 | $275,000 | 103.7% | 0.0% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $275,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $175,000 | $275,000 | 57.1% | 0.0% |
| Northpointe Bank | $1,800,000 | $275,000 | -84.7% | 0.0% |
| AXIA FINANCIAL, LLC | $145,000 | $270,000 | 86.2% | 0.0% |
| FAIRWINDS CREDIT UNION | $745,000 | $270,000 | -63.8% | 0.0% |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | $265,000 | n/a | 0.0% | |
| BANK OF LITTLE ROCK MORTGAGE CORPORATION | $360,000 | $265,000 | -26.4% | 0.0% |
| ENVOY MORTGAGE, LTD | $265,000 | n/a | 0.0% | |
| Logan Finance Corporation | $265,000 | n/a | 0.0% | |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $930,000 | $265,000 | -71.5% | 0.0% |
| V.I.P. MORTGAGE, INC. | $365,000 | $265,000 | -27.4% | 0.0% |
| American Security Mortgage Corp. | $255,000 | n/a | 0.0% | |
| DELMAR FINANCIAL COMPANY | $155,000 | $255,000 | 64.5% | 0.0% |
| INSPIRE HOME LOANS INC. | $2,165,000 | $255,000 | -88.2% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $145,000 | $255,000 | 75.9% | 0.0% |
| MORTGAGE EQUITY PARTNERS LLC | $285,000 | $255,000 | -10.5% | 0.0% |
| FOUNDATION MORTGAGE CORPORATION | $245,000 | n/a | 0.0% | |
| GUARANTY HOME MORTGAGE CORPORATION | $630,000 | $245,000 | -61.1% | 0.0% |
| LIMA ONE CAPITAL, LLC | $245,000 | n/a | 0.0% | |
| LOANPEOPLE, LLC | $245,000 | n/a | 0.0% | |
| MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION | $245,000 | n/a | 0.0% | |
| UNIVERSAL MORTGAGE & FINANCE, INC. | $245,000 | n/a | 0.0% | |
| BAY EQUITY LLC | $715,000 | $235,000 | -67.1% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $470,000 | $235,000 | -50.0% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $785,000 | $235,000 | -70.1% | 0.0% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $390,000 | $225,000 | -42.3% | 0.0% |
| Loan Simple, Inc. | $225,000 | n/a | 0.0% | |
| OAKTREE FUNDING CORP. | $205,000 | $225,000 | 9.8% | 0.0% |
| CNB Bank | $215,000 | n/a | 0.0% | |
| TROPICAL FINANCIAL CREDIT UNION | $215,000 | n/a | 0.0% | |
| Tyndall Federal Credit Union | $405,000 | $215,000 | -46.9% | 0.0% |
| AmeriHome Mortgage Company, LLC | $360,000 | $205,000 | -43.1% | 0.0% |
| BELEM SERVICING LLC | $205,000 | n/a | 0.0% | |
| Clearview Federal Credit Union | $205,000 | n/a | 0.0% | |
| CORTRUST MORTGAGE, INC. | $205,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $585,000 | $195,000 | -66.7% | 0.0% |
| Envision Credit Union | $195,000 | n/a | 0.0% | |
| Premium Mortgage Corporation | $195,000 | n/a | 0.0% | |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $195,000 | n/a | 0.0% | |
| SELF-HELP Credit Union | $190,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $190,000 | n/a | 0.0% | |
| CAPITAL CENTER, L.L.C. | $185,000 | n/a | 0.0% | |
| Quaint Oak Mortgage, LLC | $185,000 | n/a | 0.0% | |
| ENDEAVOR CAPITAL, LLC. | $175,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $320,000 | $175,000 | -45.3% | 0.0% |
| TELHIO | $175,000 | n/a | 0.0% | |
| Community Bank of Mississippi | $155,000 | n/a | 0.0% | |
| TOTAL MORTGAGE SERVICES, LLC | $195,000 | $155,000 | -20.5% | 0.0% |
| Beeline Loans, Inc. | $135,000 | $145,000 | 7.4% | 0.0% |
| City National Bank of Florida | $2,420,000 | $145,000 | -94.0% | 0.0% |
| INTELLILOAN, INC. | $145,000 | n/a | 0.0% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $145,000 | n/a | 0.0% | |
| NexBank | $710,000 | $145,000 | -79.6% | 0.0% |
| USF Federal Credit Union | $1,300,000 | $140,000 | -89.2% | 0.0% |
| MORTGAGE 1 INCORPORATED | $600,000 | $135,000 | -77.5% | 0.0% |
| PARK SQUARE HOME MORTGAGE, LLC | $135,000 | n/a | 0.0% | |
| ABSOLUTE HOME MORTGAGE CORPORATION | $375,000 | $125,000 | -66.7% | 0.0% |
| FLAT BRANCH MORTGAGE, INC. | $255,000 | $125,000 | -51.0% | 0.0% |
| CITIZENS EQUITY FIRST | $410,000 | $115,000 | -72.0% | 0.0% |
| RF Renovo Management Company, LLC | $255,000 | $115,000 | -54.9% | 0.0% |
| VAL-CHRIS INVESTMENTS, INC. | $115,000 | n/a | 0.0% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $105,000 | n/a | 0.0% | |
| Bank of Springfield | $95,000 | n/a | 0.0% | |
| ACHIEVA CREDIT UNION | $320,000 | $85,000 | -73.4% | 0.0% |
| Bank OZK | $420,000 | $85,000 | -79.8% | 0.0% |
| Central Bank | $85,000 | n/a | 0.0% | |
| INOVA FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
| Liberty Savings Bank, F.S.B. | $85,000 | n/a | 0.0% | |
| PURDUE FEDERAL CREDIT UNION | $580,000 | $85,000 | -85.3% | 0.0% |
| Connexus Credit Union | $75,000 | n/a | 0.0% | |
| DELTA COMMUNITY CREDIT UNION | $75,000 | n/a | 0.0% | |
| Desjardins Bank | $75,000 | n/a | 0.0% | |
| FIRST EQUITY MORTGAGE BANKERS, INC. | $560,000 | $75,000 | -86.6% | 0.0% |
| EQUITY RESOURCES, INC. | $710,000 | $65,000 | -90.8% | 0.0% |
| United Southern Bank | $485,000 | $65,000 | -86.6% | 0.0% |
| DIGITAL Federal Credit Union | $335,000 | $55,000 | -83.6% | 0.0% |
| Northwest Federal Credit Union | $55,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP | $350,000 | $55,000 | -84.3% | 0.0% |
| Think Mutual Bank | $55,000 | n/a | 0.0% | |
| Transportation Federal Credit Union | $55,000 | n/a | 0.0% | |
| FIRST FLORIDA Credit Union | $45,000 | n/a | 0.0% | |
| MidFirst Bank | $55,000 | $35,000 | -36.4% | 0.0% |
| Lakeview Community Capital, LLC | $1,135,000 | $25,000 | -97.8% | 0.0% |
| Deere Employees Credit Union | $15,000 | n/a | 0.0% |
GAINESVILLE's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 6.0% market share. In second place, with 5.0%, is QUICKEN LOANS, LLC, having originated $68,875,000 in loans. In third place, with 4.5%, is CAMPUS USA, having originated $62,615,000 in loans. In fourth place, with 4.3%, is Wells Fargo Bank, having originated $59,300,000 in loans. In fifth place, with 4.1%, is Ameris Bank, having originated $57,245,000 in loans.
GAINESVILLE, FL Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 32008 | Gainesville, FL HUD Metro FMR Area | $710 | $780 | $940 | $1,240 | $1,270 |
| 32044 | Gainesville, FL HUD Metro FMR Area | $860 | $950 | $1,140 | $1,510 | $1,530 |
| 32601 | Gainesville, FL HUD Metro FMR Area | $800 | $880 | $1,060 | $1,410 | $1,420 |
| 32603 | Gainesville, FL HUD Metro FMR Area | $780 | $860 | $1,030 | $1,370 | $1,380 |
| 32604 | Gainesville, FL HUD Metro FMR Area | $860 | $950 | $1,140 | $1,510 | $1,530 |
| 32605 | Gainesville, FL HUD Metro FMR Area | $1,060 | $1,170 | $1,410 | $1,870 | $1,890 |
| 32606 | Gainesville, FL HUD Metro FMR Area | $1,050 | $1,160 | $1,400 | $1,860 | $1,880 |
| 32607 | Gainesville, FL HUD Metro FMR Area | $840 | $920 | $1,110 | $1,470 | $1,490 |
| 32608 | Gainesville, FL HUD Metro FMR Area | $900 | $1,000 | $1,200 | $1,590 | $1,610 |
| 32609 | Gainesville, FL HUD Metro FMR Area | $810 | $900 | $1,080 | $1,430 | $1,450 |
| 32611 | Gainesville, FL HUD Metro FMR Area | $860 | $950 | $1,140 | $1,510 | $1,530 |
| 32612 | Gainesville, FL HUD Metro FMR Area | $800 | $890 | $1,060 | $1,420 | $1,430 |
| 32614 | Gainesville, FL HUD Metro FMR Area | $860 | $950 | $1,140 | $1,510 | $1,530 |
| 32615 | Gainesville, FL HUD Metro FMR Area | $900 | $1,000 | $1,200 | $1,590 | $1,610 |
| 32616 | Gainesville, FL HUD Metro FMR Area | $720 | $790 | $950 | $1,260 | $1,280 |
| 32618 | Gainesville, FL HUD Metro FMR Area | $710 | $780 | $940 | $1,240 | $1,270 |
| 32619 | Gainesville, FL HUD Metro FMR Area | $710 | $780 | $940 | $1,240 | $1,270 |
| 32622 | Gainesville, FL HUD Metro FMR Area | $810 | $910 | $1,090 | $1,440 | $1,530 |
| 32627 | Gainesville, FL HUD Metro FMR Area | $860 | $950 | $1,140 | $1,510 | $1,530 |
| 32631 | Gainesville, FL HUD Metro FMR Area | $710 | $780 | $940 | $1,240 | $1,270 |
| 32633 | Gainesville, FL HUD Metro FMR Area | $860 | $950 | $1,140 | $1,510 | $1,530 |
| 32635 | Gainesville, FL HUD Metro FMR Area | $860 | $950 | $1,140 | $1,510 | $1,530 |
| 32640 | Gainesville, FL HUD Metro FMR Area | $710 | $780 | $940 | $1,240 | $1,270 |
| 32641 | Gainesville, FL HUD Metro FMR Area | $800 | $880 | $1,060 | $1,410 | $1,420 |
| 32643 | Gainesville, FL HUD Metro FMR Area | $750 | $820 | $990 | $1,320 | $1,330 |
| 32653 | Gainesville, FL HUD Metro FMR Area | $800 | $880 | $1,060 | $1,410 | $1,420 |
| 32654 | Gainesville, FL HUD Metro FMR Area | $860 | $950 | $1,140 | $1,510 | $1,530 |
| 32658 | Gainesville, FL HUD Metro FMR Area | $870 | $970 | $1,170 | $1,540 | $1,560 |
| 32662 | Gainesville, FL HUD Metro FMR Area | $860 | $950 | $1,140 | $1,510 | $1,530 |
| 32666 | Gainesville, FL HUD Metro FMR Area | $750 | $850 | $1,010 | $1,310 | $1,590 |
| 32667 | Gainesville, FL HUD Metro FMR Area | $720 | $790 | $960 | $1,250 | $1,310 |
| 32669 | Gainesville, FL HUD Metro FMR Area | $870 | $960 | $1,150 | $1,530 | $1,550 |
| 32693 | Gainesville, FL HUD Metro FMR Area | $710 | $780 | $940 | $1,240 | $1,270 |
| 32694 | Gainesville, FL HUD Metro FMR Area | $710 | $780 | $940 | $1,240 | $1,270 |
| 32696 | Gainesville, FL HUD Metro FMR Area | $710 | $780 | $940 | $1,240 | $1,330 |
2022 Average & Median Rent Data Statistics
GAINESVILLE, FL average 1BR rent: $898, median: $900
GAINESVILLE, FL average 2BR rent: $1,079, median: $1,080
GAINESVILLE, FL average 3BR rent: $1,428, median: $1,430
GAINESVILLE, FL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,591 | $1,011,245,000 | $281,605 |
| Cash Out Refi | 726 | $145,300,000 | $200,138 |
| Home Improvement | 407 | $39,075,000 | $96,007 |
| Other | 352 | $50,910,000 | $144,631 |
| Refi | 227 | $144,545,000 | $636,762 |
Gainesville's most frequently cited loan purpose was Home Purchase, with 3,591 originations. The 2nd most popular reason was Cash Out Refi, with 726 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,932 | $592,470,000 | $306,661 |
| 7-8% | 1,236 | $302,490,000 | $244,733 |
| Over 8% | 952 | $116,080,000 | $121,933 |
| 5-6% | 917 | $314,305,000 | $342,754 |
| 4-5% | 134 | $38,190,000 | $285,000 |
| <2.5% | 72 | $2,170,000 | $30,139 |
| 2.5-3% | 22 | $3,250,000 | $147,727 |
| 3-4% | 5 | $455,000 | $91,000 |
During 2023, Gainesville's most frequently originated rate bucket was 6-7%, with 1,932 originations.
Loan Sizing (GAINESVILLE, FL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,142 | $602,600,000 | $281,326 |
| $100k-200k | 1,461 | $217,085,000 | $148,587 |
| $100,000 or less | 1,097 | $59,825,000 | $54,535 |
| $400k-600k | 435 | $202,985,000 | $466,632 |
| $600k-1000k | 126 | $92,350,000 | $732,937 |
| $Over $1MM | 42 | $216,230,000 | $5,148,333 |
GAINESVILLE's loan sizing saw the bucket of loans from $200k-400k with 2,142 originations, totaling $602,600,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,286 | $656,480,000 | $287,174 |
| 60-80% | 1,232 | $386,460,000 | $313,685 |
| Under 20% | 654 | $32,510,000 | $49,709 |
| 20-40% | 494 | $59,280,000 | $120,000 |
| 40-60% | 481 | $213,185,000 | $443,212 |
| Over 100% | 81 | $27,725,000 | $342,284 |
GAINESVILLE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,286 originations, totaling $656,480,000 in origination value.