GRANTS PASS Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Grants Pass averaged
6.84%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
6.98% and
one month ago for the week of 2023-08-10, the
average rate was 6.92%.
Grants Pass's average rate one year ago was 5.45%.
For refis of the same type during the week of 2023-09-14, the average rate
was 5.99%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Grants Pass 30 Year Fixed Rate | 2023-09-14 | 6.84% |
| Grants Pass 30 Year Fixed Rate Refi | 2023-09-14 | 5.99% |
| Grants Pass 15 Year Fixed Rate | 2023-09-14 | 6.41% |
| Grants Pass 15 Year Fixed Rate Refi | 2023-09-14 | 7.01% |
| Grants Pass 30 Year FHA | 2023-09-14 | 6.44% |
| Grants Pass 30 Year FHA Refi | 2023-09-14 | 6.99% |
| Grants Pass 30 Year USDA | 2023-09-14 | 6.98% |
| Grants Pass 30 Year USDA Refi | 2023-09-14 | 6.88% |
| Grants Pass 30 Year VA | 2023-09-14 | 6.42% |
| Grants Pass 30 Year VA Refi | 2023-09-14 | 7.01% |
GRANTS PASS 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 GRANTS PASS, OR 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.).
GRANTS PASS Average Closing Costs & Other Stats
GRANTS PASS, OR's 119 lenders originated 2,364
loans during 2022. The total origination value was $633,760,000, with an average loan value of
$268,088.
GRANTS PASS's average closing costs are $6,056.
The top GRANTS PASS lender as defined by loan originations is Nations Lending Corporation, with
116 loans originated. Their average total fees are
$5,461, which is $2,173
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee GRANTS PASS lenders (with over 10 loans originated) are
FIRST COMMUNITY ($3,623), Wells Fargo Bank ($4,354), JPMorgan Chase Bank ($4,716), ROGUE ($4,873) and Umpqua Bank ($5,036).
The lowest rate GRANTS PASS lenders (with over 10 loans originated) are
CHERRY CREEK MORTGAGE, LLC (3.80%), FIRST COMMUNITY (4.01%), Mr. Cooper ( Nationstar Mortgage ) (4.20%), AMERISAVE MORTGAGE CORPORATION (4.21%) and JPMorgan Chase Bank (4.41%).
GRANTS PASS, OR 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 |
|---|---|---|---|---|
| Nations Lending Corporation | $11,595,000 | $54,765,000 | 372.3% | 8.6% |
| ROGUE | $66,850,000 | $50,400,000 | -24.6% | 8.0% |
| Evergreen Federal Bank | $70,755,000 | $43,210,000 | -38.9% | 6.8% |
| QUICKEN LOANS, LLC | $105,710,000 | $37,345,000 | -64.7% | 5.9% |
| S1L, Inc. | $21,310,000 | $32,170,000 | 51.0% | 5.1% |
| LOANDEPOT.COM, LLC | $52,905,000 | $23,915,000 | -54.8% | 3.8% |
| Willamette Valley Bank | $46,515,000 | $23,035,000 | -50.5% | 3.6% |
| Umpqua Bank | $52,145,000 | $18,870,000 | -63.8% | 3.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $23,310,000 | $15,805,000 | -32.2% | 2.5% |
| GUILD MORTGAGE COMPANY | $70,605,000 | $14,545,000 | -79.4% | 2.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $15,575,000 | $12,700,000 | -18.5% | 2.0% |
| Banner Bank | $14,385,000 | $10,895,000 | -24.3% | 1.7% |
| MOUNTAIN WEST FINANCIAL, INC. | $31,870,000 | $10,780,000 | -66.2% | 1.7% |
| CHERRY CREEK MORTGAGE, LLC | $49,085,000 | $10,750,000 | -78.1% | 1.7% |
| Mortgage Research Center, LLC | $11,315,000 | $10,445,000 | -7.7% | 1.6% |
| NATIONS DIRECT MORTGAGE, LLC | $2,940,000 | $9,780,000 | 232.7% | 1.5% |
| CALIBER HOME LOANS, INC. | $114,225,000 | $9,550,000 | -91.6% | 1.5% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $12,950,000 | $9,360,000 | -27.7% | 1.5% |
| CMG MORTGAGE, INC. | $5,350,000 | $8,730,000 | 63.2% | 1.4% |
| JPMorgan Chase Bank | $11,800,000 | $8,605,000 | -27.1% | 1.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $12,575,000 | $8,485,000 | -32.5% | 1.3% |
| U.S. Bank | $13,750,000 | $8,425,000 | -38.7% | 1.3% |
| Wells Fargo Bank | $17,370,000 | $8,020,000 | -53.8% | 1.3% |
| FIRST COMMUNITY | $16,555,000 | $7,295,000 | -55.9% | 1.2% |
| Washington Federal Bank | $5,515,000 | $6,475,000 | 17.4% | 1.0% |
| People's Bank of Commerce | $20,475,000 | $6,435,000 | -68.6% | 1.0% |
| Mr. Cooper ( Nationstar Mortgage ) | $16,350,000 | $6,425,000 | -60.7% | 1.0% |
| PENNYMAC LOAN SERVICES, LLC | $15,425,000 | $6,415,000 | -58.4% | 1.0% |
| NORTHWEST COMMUNITY | $7,410,000 | $5,680,000 | -23.3% | 0.9% |
| AMERISAVE MORTGAGE CORPORATION | $9,590,000 | $5,370,000 | -44.0% | 0.8% |
| First Interstate Bank | $7,490,000 | $4,715,000 | -37.0% | 0.7% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $3,010,000 | $4,695,000 | 56.0% | 0.7% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $7,110,000 | $4,390,000 | -38.3% | 0.7% |
| LOANPAL, LLC | $2,265,000 | $4,070,000 | 79.7% | 0.6% |
| KeyBank | $6,030,000 | $4,050,000 | -32.8% | 0.6% |
| SUMMIT FUNDING, INC. | $5,615,000 | $3,760,000 | -33.0% | 0.6% |
| AMERICAN ADVISORS GROUP | $4,760,000 | $3,695,000 | -22.4% | 0.6% |
| ACADEMY MORTGAGE CORPORATION | $2,170,000 | $3,555,000 | 63.8% | 0.6% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $2,735,000 | $3,550,000 | 29.8% | 0.6% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,585,000 | $3,315,000 | -27.7% | 0.5% |
| Bank of America | $1,240,000 | $3,300,000 | 166.1% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $26,340,000 | $3,120,000 | -88.2% | 0.5% |
| HOME POINT FINANCIAL CORPORATION | $3,060,000 | $2,895,000 | -5.4% | 0.5% |
| MORTGAGE EXPRESS, LLC | $1,990,000 | $2,815,000 | 41.5% | 0.4% |
| Commerce Home Mortgage, Inc. | $530,000 | $2,765,000 | 421.7% | 0.4% |
| USAA Federal Savings Bank | $2,275,000 | $2,660,000 | 16.9% | 0.4% |
| FINANCE OF AMERICA MORTGAGE LLC | $3,660,000 | $2,630,000 | -28.1% | 0.4% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,795,000 | $2,430,000 | -13.1% | 0.4% |
| MOVEMENT MORTGAGE, LLC | $7,400,000 | $2,345,000 | -68.3% | 0.4% |
| NEWREZ LLC | $4,980,000 | $2,310,000 | -53.6% | 0.4% |
| Flagstar Bank, FSB | $2,885,000 | $2,250,000 | -22.0% | 0.4% |
| GUARANTEED RATE, INC. | $2,310,000 | $2,195,000 | -5.0% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $1,390,000 | $1,980,000 | 42.4% | 0.3% |
| PHH Mortgage Corporation | $1,495,000 | $1,880,000 | 25.8% | 0.3% |
| CHURCHILL MORTGAGE CORPORATION | $450,000 | $1,830,000 | 306.7% | 0.3% |
| BROKER SOLUTIONS, INC. | $5,235,000 | $1,745,000 | -66.7% | 0.3% |
| HomeStreet Bank | $6,960,000 | $1,605,000 | -76.9% | 0.3% |
| FINANCE OF AMERICA REVERSE LLC | $790,000 | $1,565,000 | 98.1% | 0.2% |
| LONGBRIDGE FINANCIAL, LLC | $235,000 | $1,565,000 | 566.0% | 0.2% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $1,740,000 | $1,515,000 | -12.9% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $835,000 | $1,450,000 | 73.7% | 0.2% |
| Northwest Farm Credit Services, FLCA | $420,000 | $1,365,000 | 225.0% | 0.2% |
| Wyndham Capital Mortgage, Inc. | $2,050,000 | $1,355,000 | -33.9% | 0.2% |
| The Federal Savings Bank | $6,095,000 | $1,270,000 | -79.2% | 0.2% |
| KELLER MORTGAGE, LLC | $1,525,000 | $1,240,000 | -18.7% | 0.2% |
| Figure Lending LLC | $290,000 | $1,160,000 | 300.0% | 0.2% |
| REVERSE MORTGAGE FUNDING LLC | $1,695,000 | $1,105,000 | -34.8% | 0.2% |
| DIRECTORS MORTGAGE, INC. | $2,120,000 | $1,075,000 | -49.3% | 0.2% |
| BETTER MORTGAGE CORPORATION | $7,655,000 | $1,065,000 | -86.1% | 0.2% |
| Northpointe Bank | $305,000 | $1,060,000 | 247.5% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $2,265,000 | $1,040,000 | -54.1% | 0.2% |
| Ally Bank | $535,000 | $1,020,000 | 90.7% | 0.2% |
| Axos Bank | $955,000 | n/a | 0.2% | |
| V.I.P. MORTGAGE, INC. | $395,000 | $920,000 | 132.9% | 0.1% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $905,000 | n/a | 0.1% | |
| NBKC BANK | $530,000 | $855,000 | 61.3% | 0.1% |
| Carrington Mortgage Services, LLC | $1,815,000 | $845,000 | -53.4% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $265,000 | $835,000 | 215.1% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $7,770,000 | $825,000 | -89.4% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,845,000 | $825,000 | -55.3% | 0.1% |
| OPEN MORTGAGE, LLC | $645,000 | $785,000 | 21.7% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $315,000 | $740,000 | 134.9% | 0.1% |
| NEW DAY FINANCIAL, LLC | $3,690,000 | $710,000 | -80.8% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $550,000 | $700,000 | 27.3% | 0.1% |
| Hometown Lenders, Inc. | $670,000 | n/a | 0.1% | |
| Sierra Pacific Mortgage Company, Inc. | $2,675,000 | $670,000 | -75.0% | 0.1% |
| PacWest Funding Inc. | $540,000 | $655,000 | 21.3% | 0.1% |
| OnPoint Community Credit Union | $720,000 | $650,000 | -9.7% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $1,445,000 | $650,000 | -55.0% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,760,000 | $645,000 | -63.4% | 0.1% |
| Bank of England | $910,000 | $645,000 | -29.1% | 0.1% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $9,180,000 | $645,000 | -93.0% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $305,000 | $645,000 | 111.5% | 0.1% |
| NFM, INC. | $645,000 | n/a | 0.1% | |
| OREGON COMMUNITY | $1,610,000 | $620,000 | -61.5% | 0.1% |
| Chicago Mortgage Solutions LLC | $470,000 | $605,000 | 28.7% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $1,540,000 | $605,000 | -60.7% | 0.1% |
| LAND HOME FINANCIAL SERVICES, INC. | $590,000 | n/a | 0.1% | |
| NATIONS RELIABLE LENDING, LLC | $585,000 | n/a | 0.1% | |
| ONY GLO, INC. | $1,165,000 | $585,000 | -49.8% | 0.1% |
| The Huntington National Bank | $585,000 | n/a | 0.1% | |
| Morgan Stanley Private Bank | $595,000 | $555,000 | -6.7% | 0.1% |
| AmeriHome Mortgage Company, LLC | $550,000 | $550,000 | 0.0% | 0.1% |
| SPRING EQ, LLC | $630,000 | $550,000 | -12.7% | 0.1% |
| SUMMIT MORTGAGE CORPORATION | $1,015,000 | $545,000 | -46.3% | 0.1% |
| AMWEST FUNDING CORP. | $540,000 | n/a | 0.1% | |
| Colonial Savings, F.A. | $540,000 | n/a | 0.1% | |
| ADVANCIAL | $535,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $825,000 | $530,000 | -35.8% | 0.1% |
| MORIA DEVELOPMENT, INC. | $515,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $2,110,000 | $515,000 | -75.6% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $3,590,000 | $510,000 | -85.8% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $505,000 | n/a | 0.1% | |
| IMPAC MORTGAGE CORP. | $385,000 | $505,000 | 31.2% | 0.1% |
| North American Savings Bank, F.S.B. | $1,425,000 | $505,000 | -64.6% | 0.1% |
| Boeing Employees Credit Union | $500,000 | n/a | 0.1% | |
| Tri Counties Bank | $490,000 | n/a | 0.1% | |
| MANN FINANCIAL INC. | $770,000 | $465,000 | -39.6% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $465,000 | n/a | 0.1% | |
| Quontic Bank | $355,000 | $450,000 | 26.8% | 0.1% |
| PANORAMA MORTGAGE GROUP, LLC | $235,000 | $435,000 | 85.1% | 0.1% |
| Amerifirst Financial, Inc. | $425,000 | n/a | 0.1% | |
| PNC Bank | $510,000 | $425,000 | -16.7% | 0.1% |
| Low VA Rates, LLC | $2,325,000 | $415,000 | -82.2% | 0.1% |
| NuVision Federal Credit Union | $415,000 | n/a | 0.1% | |
| FIRST TECHNOLOGY | $225,000 | $410,000 | 82.2% | 0.1% |
| Gallic & Johnson, LLC | $410,000 | n/a | 0.1% | |
| First Western Trust Bank | $255,000 | $405,000 | 58.8% | 0.1% |
| Magnolia Bank | $1,015,000 | $405,000 | -60.1% | 0.1% |
| Opportunity Bank of Montana | $405,000 | n/a | 0.1% | |
| Truist | $405,000 | n/a | 0.1% | |
| QUORUM FEDERAL CREDIT UNION | $85,000 | $390,000 | 358.8% | 0.1% |
| Franklin Loan Corporation | $245,000 | $385,000 | 57.1% | 0.1% |
| GSF Mortgage Corporation | $1,925,000 | $385,000 | -80.0% | 0.1% |
| City National Bank | $375,000 | n/a | 0.1% | |
| Semper Home Loans, Inc. | $375,000 | n/a | 0.1% | |
| ADVANTIS | $760,000 | $365,000 | -52.0% | 0.1% |
| GENEVA FINANCIAL, LLC | $490,000 | $365,000 | -25.5% | 0.1% |
| LADERA LENDING, INC. | $215,000 | $365,000 | 69.8% | 0.1% |
| Loan Simple, Inc. | $915,000 | $365,000 | -60.1% | 0.1% |
| iQ Credit Union | $360,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $355,000 | n/a | 0.1% | |
| DIGNIFIED HOME LOANS, LLC | $195,000 | $335,000 | 71.8% | 0.1% |
| LPMC, LLC | $925,000 | $315,000 | -65.9% | 0.0% |
| OCMBC, INC. | $315,000 | $310,000 | -1.6% | 0.0% |
| Bank of the West | $330,000 | $305,000 | -7.6% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $850,000 | $305,000 | -64.1% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $290,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $75,000 | $290,000 | 286.7% | 0.0% |
| Citizens Bank | $355,000 | $275,000 | -22.5% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $395,000 | $275,000 | -30.4% | 0.0% |
| CORNERSTONE HOME LENDING, INC. | $385,000 | $275,000 | -28.6% | 0.0% |
| SALAL | $275,000 | n/a | 0.0% | |
| Discover Bank | $85,000 | $270,000 | 217.6% | 0.0% |
| Arvest Bank | $530,000 | $265,000 | -50.0% | 0.0% |
| Farmers & Stockmens Bank | $255,000 | n/a | 0.0% | |
| Unitus Community Credit Union | $320,000 | $255,000 | -20.3% | 0.0% |
| MORTGAGE MANAGEMENT CONSULTANTS, INC. | $245,000 | n/a | 0.0% | |
| Paramount Bank | $235,000 | $245,000 | 4.3% | 0.0% |
| Platinum Home Mortgage Corporation | $245,000 | n/a | 0.0% | |
| COASTAL FUNDING SLC, INC. | $225,000 | n/a | 0.0% | |
| Century Mortgage Company DBA Century Lending Company | $205,000 | n/a | 0.0% | |
| Gateway First Bank | $600,000 | $205,000 | -65.8% | 0.0% |
| RANLIFE, INC. | $855,000 | $205,000 | -76.0% | 0.0% |
| RESIDENTIAL BANCORP. | $195,000 | $205,000 | 5.1% | 0.0% |
| EVERETT FINANCIAL, INC. | $1,020,000 | $195,000 | -80.9% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $2,015,000 | $185,000 | -90.8% | 0.0% |
| Stifel Bank and Trust | $185,000 | n/a | 0.0% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $1,315,000 | $175,000 | -86.7% | 0.0% |
| Firefighters First Federal Credit Union | $1,035,000 | $165,000 | -84.1% | 0.0% |
| Oregon State Credit Union | $165,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $1,415,000 | $145,000 | -89.8% | 0.0% |
| iCore Lending, Inc. | $145,000 | n/a | 0.0% | |
| CONTOUR MORTGAGE CORPORATION | $135,000 | n/a | 0.0% | |
| Washington Trust Bank | $1,390,000 | $125,000 | -91.0% | 0.0% |
| LOS ANGELES POLICE Federal Credit Union | $330,000 | $115,000 | -65.2% | 0.0% |
| M&T Bank | $545,000 | $115,000 | -78.9% | 0.0% |
| 21ST MORTGAGE CORPORATION | $775,000 | $110,000 | -85.8% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $235,000 | $105,000 | -55.3% | 0.0% |
| ALL IN | $75,000 | n/a | 0.0% | |
| ALTRA | $65,000 | n/a | 0.0% | |
| MUFG Union Bank | $1,255,000 | $55,000 | -95.6% | 0.0% |
| Rivermark Community Credit Union | $565,000 | $25,000 | -95.6% | 0.0% |
GRANTS PASS's top lender by overall market share is Nations Lending Corporation, with 8.6% market share. In second place, with 8.0%, is ROGUE, having originated $50,400,000 in loans. In third place, with 6.8%, is Evergreen Federal Bank, having originated $43,210,000 in loans. In fourth place, with 5.9%, is QUICKEN LOANS, LLC, having originated $37,345,000 in loans. In fifth place, with 5.1%, is S1L, Inc., having originated $32,170,000 in loans.
GRANTS PASS, OR 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 |
|---|---|---|---|---|---|---|
| 97497 | Grants Pass, OR | $800 | $850 | $1,120 | $1,590 | $1,920 |
| 97523 | Grants Pass, OR | $740 | $790 | $1,040 | $1,480 | $1,780 |
| 97526 | Grants Pass, OR | $770 | $820 | $1,080 | $1,530 | $1,850 |
| 97527 | Grants Pass, OR | $880 | $940 | $1,230 | $1,750 | $2,110 |
| 97528 | Grants Pass, OR | $800 | $850 | $1,120 | $1,590 | $1,920 |
| 97530 | Grants Pass, OR | $900 | $1,000 | $1,310 | $1,860 | $2,240 |
| 97531 | Grants Pass, OR | $740 | $790 | $1,040 | $1,480 | $1,780 |
| 97532 | Grants Pass, OR | $810 | $860 | $1,130 | $1,600 | $1,940 |
| 97533 | Grants Pass, OR | $800 | $850 | $1,120 | $1,590 | $1,920 |
| 97534 | Grants Pass, OR | $740 | $790 | $1,040 | $1,480 | $1,780 |
| 97538 | Grants Pass, OR | $800 | $860 | $1,130 | $1,600 | $1,930 |
| 97543 | Grants Pass, OR | $810 | $870 | $1,140 | $1,620 | $1,950 |
| 97544 | Grants Pass, OR | $1,010 | $1,070 | $1,410 | $2,000 | $2,410 |
2022 Average & Median Rent Data Statistics
GRANTS PASS, OR average 1BR rent: $872, median: $850
GRANTS PASS, OR average 2BR rent: $1,147, median: $1,120
GRANTS PASS, OR average 3BR rent: $1,628, median: $1,590
GRANTS PASS, OR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,101 | $387,075,000 | $351,567 |
| Cash Out Refi | 482 | $131,290,000 | $272,386 |
| Refi | 309 | $71,655,000 | $231,893 |
| Home Improvement | 264 | $22,390,000 | $84,811 |
| Other | 208 | $21,350,000 | $102,644 |
Grants Pass's most frequently cited loan purpose was Home Purchase, with 1,101 originations. The 2nd most popular reason was Cash Out Refi, with 482 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 590 | $161,660,000 | $274,000 |
| 4-5% | 527 | $148,435,000 | $281,660 |
| 5-6% | 505 | $135,385,000 | $268,089 |
| 6-7% | 259 | $66,295,000 | $255,965 |
| 2.5-3% | 145 | $39,235,000 | $270,586 |
| 7-8% | 95 | $15,975,000 | $168,158 |
| Over 8% | 50 | $5,000,000 | $100,000 |
| <2.5% | 45 | $12,015,000 | $267,000 |
During 2022, Grants Pass's most frequently originated rate bucket was 3-4%, with 590 originations.
Loan Sizing (GRANTS PASS, OR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,130 | $334,240,000 | $295,788 |
| $100,000 or less | 413 | $22,215,000 | $53,789 |
| $100k-200k | 413 | $60,495,000 | $146,477 |
| $400k-600k | 325 | $152,365,000 | $468,815 |
| $600k-1000k | 74 | $51,210,000 | $692,027 |
| $Over $1MM | 9 | $13,235,000 | $1,470,556 |
GRANTS PASS's loan sizing saw the bucket of loans from $200k-400k with 1,130 originations, totaling $334,240,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 661 | $245,145,000 | $370,870 |
| 60-80% | 501 | $175,675,000 | $350,649 |
| 40-60% | 373 | $91,835,000 | $246,206 |
| Under 20% | 366 | $20,780,000 | $56,776 |
| 20-40% | 288 | $39,910,000 | $138,576 |
| Over 100% | 16 | $7,850,000 | $490,625 |
GRANTS PASS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 661 originations, totaling $245,145,000 in origination value.