Georgetown Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Georgetown averaged
6.97%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
6.89% and
one month ago for the week of 2024-06-13, the
average rate was 7.05%.
Georgetown's average rate one year ago was 7.06%.
For refis of the same type during the week of 2024-07-18, the average rate
was 7.27%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Georgetown 30 Year Fixed Rate | 2024-07-18 | 6.97% |
| Georgetown 30 Year Fixed Rate Refi | 2024-07-18 | 7.27% |
| Georgetown 15 Year Fixed Rate | 2024-07-18 | 6.05% |
| Georgetown 15 Year Fixed Rate Refi | 2024-07-18 | 6.45% |
| Georgetown 30 Year FHA | 2024-07-18 | 6.55% |
| Georgetown 30 Year FHA Refi | 2024-07-18 | 6.49% |
| Georgetown 30 Year USDA | 2024-07-18 | 6.43% |
| Georgetown 30 Year USDA Refi | 2024-07-18 | 6.83% |
| Georgetown 30 Year VA | 2024-07-18 | 6.5% |
| Georgetown 30 Year VA Refi | 2024-07-18 | 6.1% |
Georgetown 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 Georgetown, 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.).
Georgetown Average Closing Costs & Other Stats
Georgetown, SC's 137 lenders originated 1,299
loans during 2023. The total origination value was $460,855,000, with an average loan value of
$354,777.
Georgetown's average closing costs are $5,256.
The top Georgetown lender as defined by loan originations is QUICKEN LOANS, LLC, with
64 loans originated. Their average total fees are
$7,609, which is $3,433
higher than the next largest lender,
Gateway First Bank.
The lowest fee Georgetown lenders (with over 10 loans originated) are
Gateway First Bank ($4,176), First-Citizens Bank & Trust Company ($4,897), South State Bank ($5,275), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,511) and South Atlantic Bank ($5,779).
The lowest rate Georgetown lenders (with over 10 loans originated) are
First-Citizens Bank & Trust Company (6.02%), GUARANTEED RATE, INC. (6.48%), Wells Fargo Bank (6.63%), QUICKEN LOANS, LLC (6.74%) and GUILD MORTGAGE COMPANY (6.76%).
Georgetown, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $40,090,000 | $25,515,000 | -36.4% | 5.5% |
| BERKELEY POINT CAPITAL LLC | $24,985,000 | n/a | 5.4% | |
| First-Citizens Bank & Trust Company | $29,815,000 | $20,800,000 | -30.2% | 4.5% |
| Gateway First Bank | $18,870,000 | $16,935,000 | -10.3% | 3.7% |
| South Atlantic Bank | $27,850,000 | $16,210,000 | -41.8% | 3.5% |
| South State Bank | $38,290,000 | $15,060,000 | -60.7% | 3.3% |
| Bank of America | $19,980,000 | $15,005,000 | -24.9% | 3.3% |
| The Citizens Bank | $11,155,000 | $12,845,000 | 15.2% | 2.8% |
| MOVEMENT MORTGAGE, LLC | $19,325,000 | $11,625,000 | -39.8% | 2.5% |
| The Conway National Bank | $9,895,000 | $11,430,000 | 15.5% | 2.5% |
| Coastal Carolina National Bank | $8,155,000 | $11,310,000 | 38.7% | 2.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $6,100,000 | $10,340,000 | 69.5% | 2.2% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $9,845,000 | n/a | 2.1% | |
| UNITED WHOLESALE MORTGAGE, LLC | $9,190,000 | $9,395,000 | 2.2% | 2.0% |
| Truist | $16,150,000 | $9,070,000 | -43.8% | 2.0% |
| GUARANTEED RATE, INC. | $25,620,000 | $8,570,000 | -66.5% | 1.9% |
| Pinnacle Bank | $2,300,000 | $8,330,000 | 262.2% | 1.8% |
| Ameris Bank | $11,960,000 | $8,075,000 | -32.5% | 1.8% |
| UNION HOME MORTGAGE CORP. | $305,000 | $7,135,000 | 2,239.3% | 1.5% |
| Wells Fargo Bank | $15,775,000 | $6,170,000 | -60.9% | 1.3% |
| GUILD MORTGAGE COMPANY | $11,600,000 | $5,645,000 | -51.3% | 1.2% |
| TD Bank | $10,170,000 | $4,990,000 | -50.9% | 1.1% |
| Anderson Brothers Bank | $2,990,000 | $4,790,000 | 60.2% | 1.0% |
| CMG MORTGAGE, INC. | $4,520,000 | $4,615,000 | 2.1% | 1.0% |
| Citizens Bank | $22,275,000 | $4,475,000 | -79.9% | 1.0% |
| Synovus Bank | $8,395,000 | $4,190,000 | -50.1% | 0.9% |
| First National Bank of Pennsylvania | $1,415,000 | $4,140,000 | 192.6% | 0.9% |
| JPMorgan Chase Bank | $13,855,000 | $3,975,000 | -71.3% | 0.9% |
| Regions Bank | $3,315,000 | $3,915,000 | 18.1% | 0.8% |
| CARDINAL FINANCIAL | $5,120,000 | $3,735,000 | -27.1% | 0.8% |
| Morgan Stanley Private Bank | $8,195,000 | $3,510,000 | -57.2% | 0.8% |
| First Horizon Bank | $1,685,000 | $3,500,000 | 107.7% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $2,450,000 | $3,340,000 | 36.3% | 0.7% |
| PNC Bank | $5,035,000 | $3,305,000 | -34.4% | 0.7% |
| U.S. Bank | $1,215,000 | $3,250,000 | 167.5% | 0.7% |
| Mortgage Research Center, LLC | $3,795,000 | $3,185,000 | -16.1% | 0.7% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,890,000 | $3,135,000 | 8.5% | 0.7% |
| UBS Bank USA | $1,775,000 | $3,040,000 | 71.3% | 0.7% |
| Bell Bank | $3,005,000 | n/a | 0.7% | |
| Farmers State Bank of Alto Pass | $3,005,000 | n/a | 0.7% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $835,000 | $2,915,000 | 249.1% | 0.6% |
| NEWREZ LLC | $2,680,000 | $2,860,000 | 6.7% | 0.6% |
| Neighborhood Loans, Inc. | $2,830,000 | n/a | 0.6% | |
| PENNYMAC LOAN SERVICES, LLC | $5,800,000 | $2,745,000 | -52.7% | 0.6% |
| STATE EMPLOYEES' | $3,570,000 | $2,405,000 | -32.6% | 0.5% |
| T2 FINANCIAL LLC | $6,110,000 | $2,380,000 | -61.0% | 0.5% |
| Flagstar Bank, FSB | $4,610,000 | $2,340,000 | -49.2% | 0.5% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $2,495,000 | $2,320,000 | -7.0% | 0.5% |
| First Reliance Bank | $2,620,000 | $2,275,000 | -13.2% | 0.5% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $625,000 | $2,255,000 | 260.8% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,510,000 | $2,160,000 | -13.9% | 0.5% |
| LOANDEPOT.COM, LLC | $9,515,000 | $2,080,000 | -78.1% | 0.5% |
| Renasant Bank | $290,000 | $2,035,000 | 601.7% | 0.4% |
| The Genoa Banking Company | $1,925,000 | n/a | 0.4% | |
| TJC Mortgage, Inc. | $1,925,000 | n/a | 0.4% | |
| TRIAD FINANCIAL SERVICES, INC. | $740,000 | $1,720,000 | 132.4% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $2,220,000 | $1,705,000 | -23.2% | 0.4% |
| First Bank | $245,000 | $1,700,000 | 593.9% | 0.4% |
| 21ST MORTGAGE CORPORATION | $3,200,000 | $1,695,000 | -47.0% | 0.4% |
| Servion, Inc. | $1,510,000 | $1,630,000 | 7.9% | 0.4% |
| Southern First Bank | $3,530,000 | $1,610,000 | -54.4% | 0.3% |
| TIDEWATER MORTGAGE SERVICES, INC. | $895,000 | $1,535,000 | 71.5% | 0.3% |
| SOUTHERN TRUST MORTGAGE, LLC | $3,230,000 | $1,500,000 | -53.6% | 0.3% |
| American Security Mortgage Corp. | $4,955,000 | $1,480,000 | -70.1% | 0.3% |
| Webster Bank | $1,445,000 | n/a | 0.3% | |
| INSPIRE HOME LOANS INC. | $565,000 | $1,405,000 | 148.7% | 0.3% |
| MID AMERICA MORTGAGE, INC. | $1,390,000 | n/a | 0.3% | |
| United Community Bank | $7,435,000 | $1,330,000 | -82.1% | 0.3% |
| INTERCOASTAL MORTGAGE COMPANY | $395,000 | $1,315,000 | 232.9% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,380,000 | $1,250,000 | -9.4% | 0.3% |
| Barley Mortgage, LLC | $215,000 | $1,220,000 | 467.4% | 0.3% |
| LEGEND LENDING CORPORATION | $1,155,000 | n/a | 0.3% | |
| LENDSURE MORTGAGE CORP. | $2,055,000 | $1,135,000 | -44.8% | 0.2% |
| US MORTGAGE CORPORATION | $1,715,000 | $1,015,000 | -40.8% | 0.2% |
| United Bank | $10,535,000 | $960,000 | -90.9% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $815,000 | $945,000 | 16.0% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $3,100,000 | $935,000 | -69.8% | 0.2% |
| The Huntington National Bank | $935,000 | n/a | 0.2% | |
| LONGBRIDGE FINANCIAL, LLC | $235,000 | $910,000 | 287.2% | 0.2% |
| AMERICAN HERITAGE LENDING, INC. | $885,000 | n/a | 0.2% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $425,000 | $885,000 | 108.2% | 0.2% |
| Carolina Bank & Trust | $460,000 | $885,000 | 92.4% | 0.2% |
| Prosperity Home Mortgage, LLC | $610,000 | $880,000 | 44.3% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $2,305,000 | $855,000 | -62.9% | 0.2% |
| CAROLINA TRUST FEDERAL CREDIT UNION | $540,000 | $845,000 | 56.5% | 0.2% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $1,705,000 | $820,000 | -51.9% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,220,000 | $820,000 | -63.1% | 0.2% |
| Armed Forces Bank | $810,000 | n/a | 0.2% | |
| SOUTH CAROLINA FEDERAL CREDIT UNION | $7,045,000 | $800,000 | -88.6% | 0.2% |
| The Federal Savings Bank | $515,000 | $800,000 | 55.3% | 0.2% |
| ALAMEDA MORTGAGE CORPORATION | $425,000 | $785,000 | 84.7% | 0.2% |
| FINANCE OF AMERICA REVERSE LLC | $330,000 | $775,000 | 134.8% | 0.2% |
| Raymond James Bank | $765,000 | n/a | 0.2% | |
| SOUTHWEST STAGE FUNDING, LLC | $250,000 | $765,000 | 206.0% | 0.2% |
| Stifel Bank and Trust | $1,225,000 | $745,000 | -39.2% | 0.2% |
| Community Trust Bank, Inc. | $730,000 | n/a | 0.2% | |
| LENDINGHOME FUNDING CORPORATION | $260,000 | $730,000 | 180.8% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $725,000 | n/a | 0.2% | |
| Paramount Bank | $725,000 | n/a | 0.2% | |
| PLANET HOME LENDING, LLC | $275,000 | $725,000 | 163.6% | 0.2% |
| USAA Federal Savings Bank | $3,945,000 | $710,000 | -82.0% | 0.2% |
| BROKER SOLUTIONS, INC. | $1,020,000 | $700,000 | -31.4% | 0.2% |
| NFM, INC. | $915,000 | $700,000 | -23.5% | 0.2% |
| CORNING | $2,140,000 | $695,000 | -67.5% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,025,000 | $695,000 | -65.7% | 0.2% |
| ALLEGACY FEDERAL CREDIT UNION | $310,000 | $690,000 | 122.6% | 0.1% |
| Hometown Equity Mortgage, LLC | $825,000 | $680,000 | -17.6% | 0.1% |
| NBKC BANK | $500,000 | $680,000 | 36.0% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $675,000 | n/a | 0.1% | |
| SHELTER LENDING SERVICES, L.L.C. | $650,000 | n/a | 0.1% | |
| FBC MORTGAGE, LLC | $245,000 | $620,000 | 153.1% | 0.1% |
| Firstrust Savings Bank | $615,000 | n/a | 0.1% | |
| KeyBank | $2,325,000 | $605,000 | -74.0% | 0.1% |
| Plains Commerce Bank | $215,000 | $595,000 | 176.7% | 0.1% |
| Northpointe Bank | $710,000 | $590,000 | -16.9% | 0.1% |
| FOUNDERS FEDERAL CREDIT UNION | $795,000 | $580,000 | -27.0% | 0.1% |
| Goldman Sachs Bank USA | $555,000 | n/a | 0.1% | |
| Nations Lending Corporation | $500,000 | $545,000 | 9.0% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $95,000 | $540,000 | 468.4% | 0.1% |
| NEW DAY FINANCIAL, LLC | $1,415,000 | $530,000 | -62.5% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $1,025,000 | $520,000 | -49.3% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $425,000 | $500,000 | 17.6% | 0.1% |
| FIRST COLONY MORTGAGE CORPORATION | $500,000 | n/a | 0.1% | |
| Community Bank of Mississippi | $495,000 | n/a | 0.1% | |
| George Mason Mortgage, LLC | $390,000 | $485,000 | 24.4% | 0.1% |
| Equity Prime Mortgage LLC | $480,000 | n/a | 0.1% | |
| Mortgage Assurance Inc. | $480,000 | n/a | 0.1% | |
| Discover Bank | $205,000 | $465,000 | 126.8% | 0.1% |
| FIRST HOME MORTGAGE CORPORATION | $580,000 | $455,000 | -21.6% | 0.1% |
| Sound Bank | $455,000 | n/a | 0.1% | |
| The Northern Trust Company | $455,000 | n/a | 0.1% | |
| First Community Bank | $565,000 | $440,000 | -22.1% | 0.1% |
| HomeTrust Bank | $430,000 | n/a | 0.1% | |
| Dollar Bank, Federal Savings Bank | $435,000 | $425,000 | -2.3% | 0.1% |
| CAROLINA ONE MORTGAGE, LLC | $290,000 | $420,000 | 44.8% | 0.1% |
| Kwik Mortgage Corporation | $420,000 | n/a | 0.1% | |
| MORTGAGE INVESTORS GROUP, INC. | $245,000 | $420,000 | 71.4% | 0.1% |
| Integrity Home Mortgage Corp | $415,000 | n/a | 0.1% | |
| ServisFirst Bank | $415,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $405,000 | n/a | 0.1% | |
| FIRST BANCORP | $405,000 | n/a | 0.1% | |
| Princeton Mortgage Corporation | $825,000 | $390,000 | -52.7% | 0.1% |
| Commerce Home Mortgage, Inc. | $380,000 | $375,000 | -1.3% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $370,000 | n/a | 0.1% | |
| First Palmetto Bank | $3,830,000 | $360,000 | -90.6% | 0.1% |
| ITHINK FINANCIAL Credit Union | $345,000 | n/a | 0.1% | |
| S. C. STATE FEDERAL CREDIT UNION | $695,000 | $345,000 | -50.4% | 0.1% |
| Bank of Clarke County | $335,000 | n/a | 0.1% | |
| SAFE FEDERAL CREDIT UNION | $105,000 | $330,000 | 214.3% | 0.1% |
| AXIA FINANCIAL, LLC | $325,000 | n/a | 0.1% | |
| Clearview Federal Credit Union | $325,000 | n/a | 0.1% | |
| Farmers Bank & Trust | $325,000 | n/a | 0.1% | |
| Stock Yards Bank & Trust Company | $495,000 | $315,000 | -36.4% | 0.1% |
| SUMMIT FUNDING, INC. | $315,000 | n/a | 0.1% | |
| HANSCOM | $45,000 | $310,000 | 588.9% | 0.1% |
| PHH Mortgage Corporation | $280,000 | $305,000 | 8.9% | 0.1% |
| Ally Bank | $840,000 | $295,000 | -64.9% | 0.1% |
| ARC HOME LLC | $275,000 | $295,000 | 7.3% | 0.1% |
| Union Savings Bank | $370,000 | $295,000 | -20.3% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $285,000 | n/a | 0.1% | |
| Blue Ridge Bank | $285,000 | n/a | 0.1% | |
| DEEPHAVEN MORTGAGE LLC | $255,000 | $285,000 | 11.8% | 0.1% |
| MICHIGAN FIRST CREDIT UNION | $285,000 | n/a | 0.1% | |
| Merchants Bank | $275,000 | n/a | 0.1% | |
| TEACHERS | $500,000 | $275,000 | -45.0% | 0.1% |
| ABERDEEN PROVING GROUND FEDERAL CREDIT UNION | $260,000 | n/a | 0.1% | |
| Bank of England | $145,000 | $255,000 | 75.9% | 0.1% |
| GARDNER FINANCIAL SERVICES, LTD. | $255,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $145,000 | $255,000 | 75.9% | 0.1% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $255,000 | n/a | 0.1% | |
| MIDLAND MORTGAGE CORPORATION | $440,000 | $245,000 | -44.3% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $105,000 | $245,000 | 133.3% | 0.1% |
| FIRST COMMERCE CREDIT UNION | $235,000 | n/a | 0.1% | |
| ABSOLUTE HOME MORTGAGE CORPORATION | $225,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $265,000 | $225,000 | -15.1% | 0.0% |
| The Farmers National Bank of Canfield | $1,135,000 | $225,000 | -80.2% | 0.0% |
| EMBRACE HOME LOANS, INC. | $345,000 | $215,000 | -37.7% | 0.0% |
| ANDREWS FEDERAL CREDIT UNION | $205,000 | n/a | 0.0% | |
| Ardent Federal Credit Union | $205,000 | n/a | 0.0% | |
| OCMBC, INC. | $205,000 | n/a | 0.0% | |
| RiverWood Bank | $205,000 | n/a | 0.0% | |
| Towne Bank | $3,455,000 | $205,000 | -94.1% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $195,000 | n/a | 0.0% | |
| 1ST SIGNATURE LENDING, LLC | $285,000 | $185,000 | -35.1% | 0.0% |
| EMM LOANS LLC | $450,000 | $185,000 | -58.9% | 0.0% |
| AMERICAN FINANCING CORPORATION | $535,000 | $175,000 | -67.3% | 0.0% |
| CITIZENS EQUITY FIRST | $175,000 | n/a | 0.0% | |
| THRIVE MORTGAGE, LLC | $175,000 | n/a | 0.0% | |
| AgFirst Farm Credit Bank | $165,000 | n/a | 0.0% | |
| Citibank | $185,000 | $165,000 | -10.8% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $440,000 | $155,000 | -64.8% | 0.0% |
| ArborOne, ACA | $155,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $105,000 | $155,000 | 47.6% | 0.0% |
| NTFN, INC. | $295,000 | $155,000 | -47.5% | 0.0% |
| OAKTREE FUNDING CORP. | $155,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $155,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $350,000 | $140,000 | -60.0% | 0.0% |
| COUNTRYPLACE MORTGAGE, LTD. | $215,000 | $135,000 | -37.2% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,800,000 | $135,000 | -92.5% | 0.0% |
| NEXERA HOLDING LLC | $2,005,000 | $135,000 | -93.3% | 0.0% |
| CSL Financial, LLC | $130,000 | n/a | 0.0% | |
| BAYER HERITAGE | $125,000 | n/a | 0.0% | |
| Fifth Third Bank | $395,000 | $125,000 | -68.4% | 0.0% |
| The Bank of South Carolina | $1,435,000 | $125,000 | -91.3% | 0.0% |
| Citadel Servicing Corporation | $295,000 | $115,000 | -61.0% | 0.0% |
| AFFINITY | $105,000 | n/a | 0.0% | |
| TOWER | $260,000 | $105,000 | -59.6% | 0.0% |
| MASSMUTUAL | $75,000 | n/a | 0.0% | |
| Uwharrie Bank | $250,000 | $75,000 | -70.0% | 0.0% |
| Dedicated Community Bank | $65,000 | n/a | 0.0% | |
| BMO Harris Bank | $115,000 | $55,000 | -52.2% | 0.0% |
| GTE Federal Credit Union | $55,000 | n/a | 0.0% | |
| Northwest Federal Credit Union | $85,000 | $55,000 | -35.3% | 0.0% |
| The Park National Bank | $55,000 | n/a | 0.0% | |
| DELTA COMMUNITY CREDIT UNION | $250,000 | $35,000 | -86.0% | 0.0% |
| Figure Lending LLC | $35,000 | n/a | 0.0% | |
| COASTAL Federal Credit Union | $105,000 | $25,000 | -76.2% | 0.0% |
Georgetown's top lender by overall market share is QUICKEN LOANS, LLC, with 5.5% market share. In second place, with 5.4%, is BERKELEY POINT CAPITAL LLC, having originated $24,985,000 in loans. In third place, with 4.5%, is First-Citizens Bank & Trust Company, having originated $20,800,000 in loans. In fourth place, with 3.7%, is Gateway First Bank, having originated $16,935,000 in loans. In fifth place, with 3.5%, is South Atlantic Bank, having originated $16,210,000 in loans.
Georgetown, SC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 889 | $334,745,000 | $376,541 |
| Cash Out Refi | 123 | $61,825,000 | $502,642 |
| Home Improvement | 111 | $16,415,000 | $147,883 |
| Other | 104 | $24,280,000 | $233,462 |
| Refi | 72 | $23,590,000 | $327,639 |
Georgetown's most frequently cited loan purpose was Home Purchase, with 889 originations. The 2nd most popular reason was Cash Out Refi, with 123 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 440 | $182,630,000 | $415,068 |
| 7-8% | 389 | $114,185,000 | $293,535 |
| Over 8% | 202 | $39,480,000 | $195,446 |
| 5-6% | 183 | $80,125,000 | $437,842 |
| 4-5% | 10 | $5,300,000 | $530,000 |
| <2.5% | 6 | $230,000 | $38,333 |
During 2023, Georgetown's most frequently originated rate bucket was 6-7%, with 440 originations.
Loan Sizing (Georgetown, SC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 480 | $135,860,000 | $283,042 |
| $100k-200k | 313 | $46,705,000 | $149,217 |
| $100,000 or less | 192 | $12,480,000 | $65,000 |
| $400k-600k | 175 | $84,995,000 | $485,686 |
| $600k-1000k | 87 | $63,315,000 | $727,759 |
| $Over $1MM | 52 | $117,500,000 | $2,259,615 |
Georgetown's loan sizing saw the bucket of loans from $200k-400k with 480 originations, totaling $135,860,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 395 | $132,985,000 | $336,671 |
| 60-80% | 365 | $179,555,000 | $491,932 |
| 40-60% | 172 | $58,920,000 | $342,558 |
| 20-40% | 146 | $33,280,000 | $227,945 |
| Under 20% | 131 | $11,435,000 | $87,290 |
| Over 100% | 13 | $3,695,000 | $284,231 |
Georgetown's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 395 originations, totaling $132,985,000 in origination value.