GAINESVILLE Mortgage Rates & Closing Costs
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
6.44% and
one month ago for the week of 2024-10-03, the
average rate was 6.04%.
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 7.6%.
| 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 | 7.6% |
| Gainesville 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Gainesville 15 Year Fixed Rate Refi | 2024-11-07 | 6.6% |
| Gainesville 30 Year FHA | 2024-11-07 | 6.27% |
| Gainesville 30 Year FHA Refi | 2024-11-07 | 6.43% |
| Gainesville 30 Year USDA | 2024-11-07 | 6.28% |
| Gainesville 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Gainesville 30 Year VA | 2024-11-07 | 6.25% |
| Gainesville 30 Year VA Refi | 2024-11-07 | 6.54% |
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, GA 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, GA's 192 lenders originated 4,233
loans during 2023. The total origination value was $1,270,205,000, with an average loan value of
$300,072.
GAINESVILLE's average closing costs are $5,770.
The top GAINESVILLE lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
158 loans originated. Their average total fees are
$8,929, which is $658
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee GAINESVILLE lenders (with over 10 loans originated) are
PULTE MORTGAGE LLC ($1,468), United Community Bank ($4,905), HOMESTAR FINANCIAL CORPORATION ($5,229), U.S. Bank ($5,330) and JPMorgan Chase Bank ($5,483).
The lowest rate GAINESVILLE lenders (with over 10 loans originated) are
VANDERBILT MORTGAGE AND FINANCE, INC. (5.76%), LOANDEPOT.COM, LLC (6.16%), U.S. Bank (6.20%), PULTE MORTGAGE LLC (6.34%) and Truist (6.43%).
GAINESVILLE, GA 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 | $98,675,000 | $102,085,000 | 3.5% | 8.0% |
| QUICKEN LOANS, LLC | $119,315,000 | $69,650,000 | -41.6% | 5.5% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $58,455,000 | $54,670,000 | -6.5% | 4.3% |
| Ameris Bank | $79,160,000 | $49,705,000 | -37.2% | 3.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $52,665,000 | $49,065,000 | -6.8% | 3.9% |
| HOMESTAR FINANCIAL CORPORATION | $124,930,000 | $43,800,000 | -64.9% | 3.4% |
| Truist | $54,260,000 | $38,775,000 | -28.5% | 3.1% |
| United Community Bank | $49,455,000 | $37,980,000 | -23.2% | 3.0% |
| Regions Bank | $45,500,000 | $31,580,000 | -30.6% | 2.5% |
| BROKER SOLUTIONS, INC. | $35,370,000 | $27,530,000 | -22.2% | 2.2% |
| Peach State Bank & Trust | $26,185,000 | n/a | 2.1% | |
| First Option Mortgage, LLC | $18,175,000 | $25,870,000 | 42.3% | 2.0% |
| EVERETT FINANCIAL, INC. | $43,850,000 | $23,335,000 | -46.8% | 1.8% |
| DEEPHAVEN MORTGAGE LLC | $870,000 | $22,610,000 | 2,498.9% | 1.8% |
| WALKER & DUNLOP, LLC | $5,655,000 | $18,940,000 | 234.9% | 1.5% |
| MOVEMENT MORTGAGE, LLC | $17,935,000 | $17,835,000 | -0.6% | 1.4% |
| LOANDEPOT.COM, LLC | $37,050,000 | $17,305,000 | -53.3% | 1.4% |
| GREYSTONE SERVICING COMPANY LLC | $5,975,000 | $15,560,000 | 160.4% | 1.2% |
| PENNYMAC LOAN SERVICES, LLC | $21,225,000 | $14,310,000 | -32.6% | 1.1% |
| Wells Fargo Bank | $28,300,000 | $14,300,000 | -49.5% | 1.1% |
| Pinnacle Bank | $495,000 | $14,245,000 | 2,777.8% | 1.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $12,315,000 | $14,130,000 | 14.7% | 1.1% |
| Bank of America | $14,910,000 | $13,450,000 | -9.8% | 1.1% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $13,075,000 | n/a | 1.0% | |
| Capital City Home Loans, LLC | $20,230,000 | $11,580,000 | -42.8% | 0.9% |
| Synovus Bank | $27,565,000 | $10,605,000 | -61.5% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $12,880,000 | $10,535,000 | -18.2% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $14,025,000 | $10,430,000 | -25.6% | 0.8% |
| South State Bank | $77,675,000 | $10,140,000 | -86.9% | 0.8% |
| Mortgage Research Center, LLC | $11,745,000 | $9,835,000 | -16.3% | 0.8% |
| Prosperity Home Mortgage, LLC | $10,335,000 | $9,695,000 | -6.2% | 0.8% |
| SOUTHEAST MORTGAGE OF GEORGIA, INC. | $13,250,000 | $9,635,000 | -27.3% | 0.8% |
| PULTE MORTGAGE LLC | $8,090,000 | $9,240,000 | 14.2% | 0.7% |
| GUARANTY MORTGAGE SERVICES, L.L.C. | $9,385,000 | $8,880,000 | -5.4% | 0.7% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $11,670,000 | $8,540,000 | -26.8% | 0.7% |
| DELTA COMMUNITY CREDIT UNION | $9,280,000 | $8,480,000 | -8.6% | 0.7% |
| INSPIRE HOME LOANS INC. | $8,010,000 | n/a | 0.6% | |
| BANKSOUTH MORTGAGE COMPANY, LLC | $9,355,000 | $7,770,000 | -16.9% | 0.6% |
| First American Bank and Trust Company | $1,545,000 | $7,690,000 | 397.7% | 0.6% |
| GUARANTEED RATE, INC. | $9,760,000 | $7,655,000 | -21.6% | 0.6% |
| PNC Bank | $38,820,000 | $7,035,000 | -81.9% | 0.6% |
| Peoples Bank & Trust | $7,020,000 | n/a | 0.6% | |
| ACOPIA, LLC | $8,415,000 | $7,010,000 | -16.7% | 0.6% |
| BancorpSouth | $2,385,000 | $6,990,000 | 193.1% | 0.6% |
| CMG MORTGAGE, INC. | $1,455,000 | $6,430,000 | 341.9% | 0.5% |
| JPMorgan Chase Bank | $6,890,000 | $6,270,000 | -9.0% | 0.5% |
| Paramount Residential Mortgage Group, Inc. | $6,095,000 | $6,160,000 | 1.1% | 0.5% |
| NEWREZ LLC | $7,110,000 | $6,060,000 | -14.8% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $19,540,000 | $6,020,000 | -69.2% | 0.5% |
| Renasant Bank | $6,235,000 | $5,705,000 | -8.5% | 0.4% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $4,145,000 | $5,480,000 | 32.2% | 0.4% |
| Morgan Stanley Private Bank | $3,145,000 | $5,430,000 | 72.7% | 0.4% |
| SHELTER HOME MORTGAGE, LLC | $4,205,000 | $5,395,000 | 28.3% | 0.4% |
| FIRST COMMUNITY MORTGAGE, INC. | $5,710,000 | $5,245,000 | -8.1% | 0.4% |
| ZILLOW HOME LOANS, LLC | $3,650,000 | $5,235,000 | 43.4% | 0.4% |
| Citizens Bank | $4,470,000 | $5,095,000 | 14.0% | 0.4% |
| STOCKTON MORTGAGE CORPORATION | $9,700,000 | $5,025,000 | -48.2% | 0.4% |
| Discover Bank | $3,295,000 | $4,985,000 | 51.3% | 0.4% |
| U.S. Bank | $6,180,000 | $4,700,000 | -23.9% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $10,265,000 | $4,520,000 | -56.0% | 0.4% |
| Fifth Third Bank | $2,325,000 | $4,315,000 | 85.6% | 0.3% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $315,000 | $3,860,000 | 1,125.4% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $7,575,000 | $3,830,000 | -49.4% | 0.3% |
| AMWEST FUNDING CORP. | $6,960,000 | $3,810,000 | -45.3% | 0.3% |
| Carrington Mortgage Services, LLC | $3,980,000 | $3,710,000 | -6.8% | 0.3% |
| NexBank | $6,145,000 | $3,675,000 | -40.2% | 0.3% |
| US MORTGAGE CORPORATION | $9,265,000 | $3,585,000 | -61.3% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,700,000 | $3,465,000 | 28.3% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,900,000 | $3,445,000 | 18.8% | 0.3% |
| Associated Credit Union | $3,080,000 | $3,275,000 | 6.3% | 0.3% |
| USAA Federal Savings Bank | $3,430,000 | $3,205,000 | -6.6% | 0.3% |
| GEORGIA'S OWN | $5,045,000 | $3,020,000 | -40.1% | 0.2% |
| GUARANTEED RATE AFFINITY, LLC | $4,015,000 | $2,895,000 | -27.9% | 0.2% |
| Figure Lending LLC | $1,770,000 | $2,810,000 | 58.8% | 0.2% |
| Mortgage Assurance Inc. | $3,140,000 | $2,765,000 | -11.9% | 0.2% |
| MORTGAGE INVESTORS GROUP, INC. | $3,680,000 | $2,765,000 | -24.9% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $5,250,000 | $2,725,000 | -48.1% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $2,705,000 | n/a | 0.2% | |
| First Federal Bank | $6,250,000 | $2,680,000 | -57.1% | 0.2% |
| The Huntington National Bank | $455,000 | $2,665,000 | 485.7% | 0.2% |
| GMFS LLC | $4,030,000 | $2,630,000 | -34.7% | 0.2% |
| CREDIT UNION FINANCIAL SERVICES, LLC | $2,930,000 | $2,595,000 | -11.4% | 0.2% |
| THE MORTGAGE FIRM, INC. | $8,465,000 | $2,495,000 | -70.5% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $2,810,000 | $2,465,000 | -12.3% | 0.2% |
| Northpointe Bank | $4,695,000 | $2,460,000 | -47.6% | 0.2% |
| Bethpage Federal Credit Union | $5,880,000 | $2,445,000 | -58.4% | 0.2% |
| MILEND, INC. | $9,235,000 | $2,425,000 | -73.7% | 0.2% |
| The Citizens Bank of Georgia | $2,275,000 | n/a | 0.2% | |
| Metro City Bank | $6,175,000 | $2,270,000 | -63.2% | 0.2% |
| East West Bank | $1,020,000 | $2,255,000 | 121.1% | 0.2% |
| 21ST MORTGAGE CORPORATION | $1,700,000 | $2,220,000 | 30.6% | 0.2% |
| NEW DAY FINANCIAL, LLC | $2,785,000 | $2,120,000 | -23.9% | 0.2% |
| Citadel Servicing Corporation | $315,000 | $2,110,000 | 569.8% | 0.2% |
| Plains Commerce Bank | $315,000 | $2,095,000 | 565.1% | 0.2% |
| Citibank | $605,000 | $2,040,000 | 237.2% | 0.2% |
| Stifel Bank and Trust | $1,365,000 | $2,030,000 | 48.7% | 0.2% |
| HALLCO COMMUNITY CREDIT UNION | $1,205,000 | $2,025,000 | 68.0% | 0.2% |
| Flagstar Bank, FSB | $17,105,000 | $1,985,000 | -88.4% | 0.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $4,805,000 | $1,910,000 | -60.2% | 0.2% |
| CANOPY MORTGAGE, LLC | $155,000 | $1,885,000 | 1,116.1% | 0.1% |
| GEORGIA UNITED | $6,185,000 | $1,880,000 | -69.6% | 0.1% |
| Bank OZK | $735,000 | $1,850,000 | 151.7% | 0.1% |
| The Loan Store, Inc. | $1,825,000 | n/a | 0.1% | |
| ACADEMY MORTGAGE CORPORATION | $1,800,000 | n/a | 0.1% | |
| BAY EQUITY LLC | $2,770,000 | $1,720,000 | -37.9% | 0.1% |
| Charles Schwab Bank, SSB | $6,595,000 | $1,710,000 | -74.1% | 0.1% |
| NEXERA HOLDING LLC | $310,000 | $1,705,000 | 450.0% | 0.1% |
| Keystone Funding, Inc. | $1,695,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $1,445,000 | $1,665,000 | 15.2% | 0.1% |
| Equity Prime Mortgage LLC | $8,005,000 | $1,650,000 | -79.4% | 0.1% |
| First Horizon Bank | $4,875,000 | $1,635,000 | -66.5% | 0.1% |
| UNION HOME MORTGAGE CORP. | $590,000 | $1,630,000 | 176.3% | 0.1% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $5,160,000 | $1,605,000 | -68.9% | 0.1% |
| NBKC BANK | $445,000 | $1,590,000 | 257.3% | 0.1% |
| PANORAMA MORTGAGE GROUP, LLC | $1,415,000 | $1,545,000 | 9.2% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $525,000 | $1,535,000 | 192.4% | 0.1% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $700,000 | $1,500,000 | 114.3% | 0.1% |
| OCMBC, INC. | $1,060,000 | $1,455,000 | 37.3% | 0.1% |
| CARDINAL FINANCIAL | $6,960,000 | $1,450,000 | -79.2% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $4,910,000 | $1,450,000 | -70.5% | 0.1% |
| RADIUS FINANCIAL GROUP INC. | $2,325,000 | $1,450,000 | -37.6% | 0.1% |
| First National Bank of America | $2,015,000 | $1,430,000 | -29.0% | 0.1% |
| The Piedmont Bank | $4,340,000 | $1,410,000 | -67.5% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $520,000 | $1,405,000 | 170.2% | 0.1% |
| Raymond James Bank | $505,000 | $1,375,000 | 172.3% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $645,000 | $1,315,000 | 103.9% | 0.1% |
| Southern First Bank | $1,135,000 | $1,255,000 | 10.6% | 0.1% |
| Colony Bank | $1,275,000 | $1,245,000 | -2.4% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $5,420,000 | $1,210,000 | -77.7% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $1,035,000 | $1,210,000 | 16.9% | 0.1% |
| CALIBER HOME LOANS, INC. | $8,855,000 | $1,190,000 | -86.6% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $1,945,000 | $1,190,000 | -38.8% | 0.1% |
| BNY Mellon | $3,655,000 | $1,175,000 | -67.9% | 0.1% |
| NEW WAVE LENDING GROUP INC | $1,170,000 | n/a | 0.1% | |
| The Federal Savings Bank | $2,825,000 | $1,145,000 | -59.5% | 0.1% |
| GUILD MORTGAGE COMPANY | $1,145,000 | $1,110,000 | -3.1% | 0.1% |
| First Peoples Bank | $1,105,000 | n/a | 0.1% | |
| FirstBank | $935,000 | $1,095,000 | 17.1% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $1,730,000 | $1,090,000 | -37.0% | 0.1% |
| SPRING EQ, LLC | $2,225,000 | $1,085,000 | -51.2% | 0.1% |
| NFM, INC. | $1,580,000 | $1,055,000 | -33.2% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $1,790,000 | $1,040,000 | -41.9% | 0.1% |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $215,000 | $1,000,000 | 365.1% | 0.1% |
| DEVELOPER'S MORTGAGE COMPANY | $985,000 | n/a | 0.1% | |
| First Savings Bank | $145,000 | $975,000 | 572.4% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,980,000 | $970,000 | -51.0% | 0.1% |
| Loan Simple, Inc. | $970,000 | n/a | 0.1% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,250,000 | $940,000 | -24.8% | 0.1% |
| Franklin Loan Corporation | $425,000 | $935,000 | 120.0% | 0.1% |
| First-Citizens Bank & Trust Company | $2,850,000 | $925,000 | -67.5% | 0.1% |
| Lakeview Community Capital, LLC | $1,325,000 | $905,000 | -31.7% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $295,000 | $885,000 | 200.0% | 0.1% |
| First Heritage Mortgage, LLC | $505,000 | $875,000 | 73.3% | 0.1% |
| OAKTREE FUNDING CORP. | $855,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $690,000 | $840,000 | 21.7% | 0.1% |
| SWBC MORTGAGE CORPORATION | $2,185,000 | $840,000 | -61.6% | 0.1% |
| Florida Capital Bank | $825,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $905,000 | $790,000 | -12.7% | 0.1% |
| United Bank | $1,505,000 | $770,000 | -48.8% | 0.1% |
| PEACH STATE FEDERAL CREDIT UNION | $835,000 | $765,000 | -8.4% | 0.1% |
| T2 FINANCIAL LLC | $1,330,000 | $765,000 | -42.5% | 0.1% |
| First Carolina Bank | $755,000 | n/a | 0.1% | |
| Goldwater Bank, N.A. | $1,285,000 | $745,000 | -42.0% | 0.1% |
| NMSI, INC. | $620,000 | $740,000 | 19.4% | 0.1% |
| HomeTrust Bank | $730,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $795,000 | $730,000 | -8.2% | 0.1% |
| North American Savings Bank, F.S.B. | $880,000 | $720,000 | -18.2% | 0.1% |
| TOWNE MORTGAGE COMPANY | $840,000 | $720,000 | -14.3% | 0.1% |
| First Financial Bank | $715,000 | n/a | 0.1% | |
| Bank of Clarke County | $705,000 | n/a | 0.1% | |
| MEMBER ONE | $700,000 | n/a | 0.1% | |
| The State Bank | $685,000 | n/a | 0.1% | |
| Nations Lending Corporation | $1,105,000 | $680,000 | -38.5% | 0.1% |
| Assurance Financial Group, L.L.C. | $1,065,000 | $670,000 | -37.1% | 0.1% |
| DHI MORTGAGE COMPANY, LTD. | $37,050,000 | $665,000 | -98.2% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $3,410,000 | $665,000 | -80.5% | 0.1% |
| THRIVENT Federal Credit Union | $665,000 | n/a | 0.1% | |
| ALLIANT CREDIT UNION | $1,235,000 | $610,000 | -50.6% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $510,000 | $600,000 | 17.6% | 0.0% |
| Evolve Bank & Trust | $590,000 | n/a | 0.0% | |
| Baxter Credit Union | $470,000 | $585,000 | 24.5% | 0.0% |
| Georgia Community Bank | $585,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $1,065,000 | $575,000 | -46.0% | 0.0% |
| Kwik Mortgage Corporation | $560,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $1,835,000 | $555,000 | -69.8% | 0.0% |
| BAY-VALLEY MORTGAGE GROUP | $540,000 | n/a | 0.0% | |
| AXIA FINANCIAL, LLC | $535,000 | n/a | 0.0% | |
| STATE EMPLOYEES' | $1,045,000 | $530,000 | -49.3% | 0.0% |
| BM Real Estate Services, Inc. | $525,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $515,000 | n/a | 0.0% | |
| CDC Federal Credit Union | $95,000 | $515,000 | 442.1% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $515,000 | n/a | 0.0% | |
| COMMUNITY MORTGAGE CORPORATION | $510,000 | n/a | 0.0% | |
| CIVIC FINANCIAL SERVICES, LLC | $460,000 | $505,000 | 9.8% | 0.0% |
| First IC Corporation | $505,000 | n/a | 0.0% | |
| INTERCOASTAL MORTGAGE COMPANY | $505,000 | n/a | 0.0% | |
| JMAC LENDING, INC. | $500,000 | n/a | 0.0% | |
| ONY GLO, INC. | $495,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $515,000 | $480,000 | -6.8% | 0.0% |
| KELLER MORTGAGE, LLC | $3,810,000 | $470,000 | -87.7% | 0.0% |
| Northwest Federal Credit Union | $375,000 | $430,000 | 14.7% | 0.0% |
| Advisors Mortgage Group, L.L.C. | $415,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $305,000 | $415,000 | 36.1% | 0.0% |
| BNC National Bank | $405,000 | n/a | 0.0% | |
| FBC MORTGAGE, LLC | $1,600,000 | $405,000 | -74.7% | 0.0% |
| Presidential Bank, FSB | $405,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $395,000 | n/a | 0.0% | |
| DIRECT LENDERS, LLC | $475,000 | $395,000 | -16.8% | 0.0% |
| Farmers State Bank | $395,000 | n/a | 0.0% | |
| AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. | $155,000 | $385,000 | 148.4% | 0.0% |
| FLAT BRANCH MORTGAGE, INC. | $385,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $185,000 | $385,000 | 108.1% | 0.0% |
| LIMA ONE CAPITAL, LLC | $385,000 | n/a | 0.0% | |
| TJC Mortgage, Inc. | $2,815,000 | $385,000 | -86.3% | 0.0% |
| United Fidelity Funding Corp. | $385,000 | n/a | 0.0% | |
| VERITAS FUNDING, LLC | $385,000 | n/a | 0.0% | |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $375,000 | n/a | 0.0% | |
| Magnolia Bank | $2,660,000 | $370,000 | -86.1% | 0.0% |
| Hancock Whitney Bank | $340,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $1,345,000 | $335,000 | -75.1% | 0.0% |
| Luxury Mortgage Corp. | $295,000 | $325,000 | 10.2% | 0.0% |
| CRESCENT MORTGAGE COMPANY | $2,650,000 | $315,000 | -88.1% | 0.0% |
| Wolfe Financial, Inc | $315,000 | n/a | 0.0% | |
| Chicago Mortgage Solutions LLC | $1,630,000 | $305,000 | -81.3% | 0.0% |
| MLD MORTGAGE INC. | $305,000 | n/a | 0.0% | |
| Bank of England | $1,285,000 | $295,000 | -77.0% | 0.0% |
| BETTER MORTGAGE CORPORATION | $5,520,000 | $295,000 | -94.7% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $1,165,000 | $285,000 | -75.5% | 0.0% |
| Christian Community Credit Union | $285,000 | n/a | 0.0% | |
| ISERVE RESIDENTIAL LENDING, LLC | $965,000 | $285,000 | -70.5% | 0.0% |
| MICHIGAN MUTUAL, INC. | $285,000 | n/a | 0.0% | |
| NP, Inc. | $385,000 | $285,000 | -26.0% | 0.0% |
| Trustmark National Bank | $285,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $330,000 | $280,000 | -15.2% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $295,000 | $280,000 | -5.1% | 0.0% |
| BECKAM FUNDING CORP. | $275,000 | n/a | 0.0% | |
| Credence Funding Corporation | $275,000 | n/a | 0.0% | |
| GREAT LAKES | $1,505,000 | $265,000 | -82.4% | 0.0% |
| Guaranty Bank & Trust, N.A. | $265,000 | n/a | 0.0% | |
| Mid-Continent Funding, Inc. | $265,000 | n/a | 0.0% | |
| Princeton Mortgage Corporation | $255,000 | n/a | 0.0% | |
| Capital City Bank | $1,325,000 | $250,000 | -81.1% | 0.0% |
| HOMESPIRE MORTGAGE CORPORATION | $480,000 | $235,000 | -51.0% | 0.0% |
| LENDINGONE, LLC | $3,010,000 | $235,000 | -92.2% | 0.0% |
| PREMIA MORTGAGE, LLC | $225,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $2,290,000 | $215,000 | -90.6% | 0.0% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $215,000 | n/a | 0.0% | |
| COMMONWEALTH ONE FEDERAL CREDIT UNION | $215,000 | n/a | 0.0% | |
| EAGLE HOME MORTGAGE, LLC | $16,905,000 | $215,000 | -98.7% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $2,070,000 | $215,000 | -89.6% | 0.0% |
| BANC ONE MORTGAGE CORPORATION | $205,000 | n/a | 0.0% | |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $600,000 | $205,000 | -65.8% | 0.0% |
| FIRST COMMERCE CREDIT UNION | $205,000 | n/a | 0.0% | |
| MORTGAGEONE, INC. | $205,000 | n/a | 0.0% | |
| THE EQUITABLE MORTGAGE CORPORATION | $205,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $640,000 | $195,000 | -69.5% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $155,000 | $195,000 | 25.8% | 0.0% |
| EMM LOANS LLC | $195,000 | n/a | 0.0% | |
| SILVER HILL FUNDING, LLC | $195,000 | n/a | 0.0% | |
| ATLANTA POSTAL | $420,000 | $190,000 | -54.8% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $185,000 | n/a | 0.0% | |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $175,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $2,230,000 | $170,000 | -92.4% | 0.0% |
| Southwest Airlines Federal Credit Union | $170,000 | n/a | 0.0% | |
| LOANPAL, LLC | $965,000 | $165,000 | -82.9% | 0.0% |
| Pinnacle Bank | $495,000 | $160,000 | -67.7% | 0.0% |
| AMERICAN BANCSHARES MORTGAGE | $155,000 | n/a | 0.0% | |
| General Mortgage Capital Corporation | $385,000 | $155,000 | -59.7% | 0.0% |
| Republic Bank & Trust Company | $155,000 | n/a | 0.0% | |
| The First, A National Banking Association | $155,000 | n/a | 0.0% | |
| Grow Financial Federal Credit Union | $130,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $75,000 | $125,000 | 66.7% | 0.0% |
| MidFirst Bank | $625,000 | $125,000 | -80.0% | 0.0% |
| OPEN MORTGAGE, LLC | $260,000 | $125,000 | -51.9% | 0.0% |
| BMO Harris Bank | $115,000 | n/a | 0.0% | |
| DIRECT MORTGAGE LOANS, LLC | $105,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $1,055,000 | $105,000 | -90.0% | 0.0% |
| HONDA Federal Credit Union | $255,000 | $100,000 | -60.8% | 0.0% |
| BankSouth | $95,000 | n/a | 0.0% | |
| ITHINK FINANCIAL Credit Union | $80,000 | n/a | 0.0% | |
| CREDIT UNION OF GEORGIA | $75,000 | n/a | 0.0% | |
| Connexus Credit Union | $65,000 | n/a | 0.0% | |
| RBC Bank, (Georgia) | $65,000 | n/a | 0.0% | |
| POWERCO | $60,000 | n/a | 0.0% | |
| ALL IN | $55,000 | n/a | 0.0% | |
| JUSTICE Federal Credit Union | $55,000 | n/a | 0.0% | |
| LGE COMMUNITY | $35,000 | n/a | 0.0% | |
| ROBINS FINANCIAL | $35,000 | n/a | 0.0% | |
| UTILITIES EMPLOYEES CREDIT UNION | $35,000 | n/a | 0.0% |
GAINESVILLE's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 8.0% market share. In second place, with 5.5%, is QUICKEN LOANS, LLC, having originated $69,650,000 in loans. In third place, with 4.3%, is VANDERBILT MORTGAGE AND FINANCE, INC., having originated $54,670,000 in loans. In fourth place, with 3.9%, is Ameris Bank, having originated $49,705,000 in loans. In fifth place, with 3.9%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $49,065,000 in loans.
GAINESVILLE, GA 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 |
|---|---|---|---|---|---|---|
| 30501 | Gainesville, GA MSA | $930 | $1,020 | $1,150 | $1,460 | $1,660 |
| 30502 | Gainesville, GA MSA | $970 | $1,060 | $1,200 | $1,520 | $1,730 |
| 30503 | Gainesville, GA MSA | $970 | $1,060 | $1,200 | $1,520 | $1,730 |
| 30504 | Gainesville, GA MSA | $990 | $1,090 | $1,230 | $1,560 | $1,770 |
| 30506 | Gainesville, GA MSA | $1,110 | $1,200 | $1,350 | $1,690 | $1,960 |
| 30507 | Gainesville, GA MSA | $910 | $1,000 | $1,130 | $1,430 | $1,630 |
| 30510 | Gainesville, GA MSA | $760 | $820 | $930 | $1,210 | $1,370 |
| 30517 | Gainesville, GA MSA | $1,320 | $1,390 | $1,570 | $1,940 | $2,310 |
| 30518 | Gainesville, GA MSA | $1,340 | $1,380 | $1,560 | $1,910 | $2,310 |
| 30519 | Gainesville, GA MSA | $1,760 | $1,800 | $2,040 | $2,480 | $3,020 |
| 30527 | Gainesville, GA MSA | $1,080 | $1,190 | $1,340 | $1,700 | $1,930 |
| 30528 | Gainesville, GA MSA | $970 | $1,060 | $1,200 | $1,520 | $1,730 |
| 30531 | Gainesville, GA MSA | $780 | $860 | $970 | $1,230 | $1,400 |
| 30533 | Gainesville, GA MSA | $930 | $1,020 | $1,150 | $1,460 | $1,660 |
| 30542 | Gainesville, GA MSA | $1,190 | $1,310 | $1,480 | $1,880 | $2,130 |
| 30543 | Gainesville, GA MSA | $1,030 | $1,130 | $1,280 | $1,620 | $1,840 |
| 30548 | Gainesville, GA MSA | $1,140 | $1,200 | $1,350 | $1,670 | $1,990 |
| 30554 | Gainesville, GA MSA | $860 | $950 | $1,070 | $1,360 | $1,540 |
| 30564 | Gainesville, GA MSA | $760 | $830 | $940 | $1,210 | $1,370 |
| 30566 | Gainesville, GA MSA | $1,000 | $1,100 | $1,240 | $1,570 | $1,790 |
| 30567 | Gainesville, GA MSA | $1,100 | $1,210 | $1,370 | $1,740 | $1,970 |
| 30575 | Gainesville, GA MSA | $770 | $840 | $950 | $1,210 | $1,370 |
2022 Average & Median Rent Data Statistics
GAINESVILLE, GA average 1BR rent: $1,115, median: $1,075
GAINESVILLE, GA average 2BR rent: $1,259, median: $1,215
GAINESVILLE, GA average 3BR rent: $1,586, median: $1,540
GAINESVILLE, GA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,607 | $942,895,000 | $361,678 |
| Cash Out Refi | 536 | $118,760,000 | $221,567 |
| Home Improvement | 430 | $49,840,000 | $115,907 |
| Other | 374 | $45,090,000 | $120,561 |
| Refi | 286 | $113,620,000 | $397,273 |
Gainesville's most frequently cited loan purpose was Home Purchase, with 2,607 originations. The 2nd most popular reason was Cash Out Refi, with 536 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,564 | $521,090,000 | $333,178 |
| 7-8% | 893 | $258,795,000 | $289,804 |
| Over 8% | 804 | $128,500,000 | $159,826 |
| 5-6% | 667 | $242,535,000 | $363,621 |
| 4-5% | 140 | $47,630,000 | $340,214 |
| <2.5% | 16 | $330,000 | $20,625 |
| 3-4% | 3 | $685,000 | $228,333 |
| 2.5-3% | 3 | $455,000 | $151,667 |
During 2023, Gainesville's most frequently originated rate bucket was 6-7%, with 1,564 originations.
Loan Sizing (GAINESVILLE, GA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,982 | $589,060,000 | $297,205 |
| $100k-200k | 720 | $104,480,000 | $145,111 |
| $100,000 or less | 700 | $39,410,000 | $56,300 |
| $400k-600k | 588 | $275,770,000 | $468,997 |
| $600k-1000k | 189 | $137,025,000 | $725,000 |
| $Over $1MM | 54 | $124,460,000 | $2,304,815 |
GAINESVILLE's loan sizing saw the bucket of loans from $200k-400k with 1,982 originations, totaling $589,060,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,577 | $580,815,000 | $368,304 |
| 60-80% | 899 | $346,335,000 | $385,245 |
| Under 20% | 656 | $44,090,000 | $67,210 |
| 20-40% | 481 | $79,585,000 | $165,457 |
| 40-60% | 433 | $149,385,000 | $345,000 |
| Over 100% | 32 | $13,550,000 | $423,438 |
GAINESVILLE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,577 originations, totaling $580,815,000 in origination value.