Greenwood Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Greenwood averaged 6.58% 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 7% and one month ago for the week of 2024-06-13, the average rate was 6.76%.

Greenwood's average rate one year ago was 7.07%.

For refis of the same type during the week of 2024-07-18, the average rate was 7.37%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-18 6.77%
Greenwood 30 Year Fixed Rate 2024-07-18 6.58%
Greenwood 30 Year Fixed Rate Refi 2024-07-18 7.37%
Greenwood 15 Year Fixed Rate 2024-07-18 6.05%
Greenwood 15 Year Fixed Rate Refi 2024-07-18 5.95%
Greenwood 30 Year FHA 2024-07-18 6.47%
Greenwood 30 Year FHA Refi 2024-07-18 6.39%
Greenwood 30 Year USDA 2024-07-18 6.83%
Greenwood 30 Year USDA Refi 2024-07-18 6.53%
Greenwood 30 Year VA 2024-07-18 6.24%
Greenwood 30 Year VA Refi 2024-07-18 6.4%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Greenwood, SC.

Greenwood 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 Greenwood, 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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Countybank 34 6.23% $5,118
UNITED WHOLESALE MORTGAGE, LLC 33 7.07% $5,483
QUICKEN LOANS, LLC 26 6.73% $6,648
ACOPIA, LLC 24 6.94% $6,072
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 21 7.03% $6,245
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 20 6.98% $6,179
DHI MORTGAGE COMPANY, LTD. 17 5.45% $2,717
South State Bank 15 7.08% $5,676
CHURCHILL MORTGAGE CORPORATION 13 6.58% $5,563
First-Citizens Bank & Trust Company 10 6.28% $4,878
Wells Fargo Bank 7 7.16% $5,256
MOVEMENT MORTGAGE, LLC 6 7.00% $5,839
PENNYMAC LOAN SERVICES, LLC 5 6.66% $7,097
NAVY FEDERAL CREDIT UNION 3 6.92% $8,392
Bank of America 3 6.46% $3,265
STATE EMPLOYEES' 3 5.35% $4,988
UNION HOME MORTGAGE CORP. 3 6.50% $13,483
21ST MORTGAGE CORPORATION 3 7.98% $5,916
TD Bank 3 6.88% $4,154
JPMorgan Chase Bank 3 7.79% $5,595
GUARANTEED RATE, INC. 2 7.00% $5,638
AMERISAVE MORTGAGE CORPORATION 2 6.13% $8,937
First Palmetto Bank 2 6.63% $4,000
PENTAGON FEDERAL CREDIT UNION 2 7.25% $3,605
AgFirst Farm Credit Bank 2 6.38% $6,030
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.06% $5,955
Flagstar Bank, FSB 2 6.38% $5,775
FOUNDERS FEDERAL CREDIT UNION 2 6.13% $3,106
Arthur State Bank 2 6.13% $3,028
Mr. Cooper ( Nationstar Mortgage ) 2 6.56% $6,370
GUILD MORTGAGE COMPANY 2 6.25% $4,420
Truist 2 6.33% $3,820
United Community Bank 2 6.31% $5,338
Waterstone Mortgage Corporation 2 7.25% $5,349
Regions Bank 1 6.63% $4,362
Renasant Bank 1 6.75% $5,834
ROYAL UNITED MORTGAGE LLC 1 7.25% $4,040
S. C. STATE FEDERAL CREDIT UNION 1 6.75% $1,349
Southern First Bank 1 8.50% $3,596
Synovus Bank 1 5.38% $3,506
Truliant Federal Credit Union 1 7.00% $3,467
USAA Federal Savings Bank 1 7.25% $2,874
U.S. Bank 1 5.88% $3,276
The Bank of South Carolina 1 6.88% $4,149
ACADEMY MORTGAGE CORPORATION 1 7.50% $4,019
American Mortgage & Equity Consultants, Inc. 1 6.62% $11,152
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 9.00% $8,717
Assurance Financial Group, L.L.C. 1 6.50% $3,822
BAYSHORE MORTGAGE FUNDING, LLC 1 7.50% $13,709
BOKF 1 7.25% $4,270
CAPITAL CENTER, L.L.C. 1 6.00% $2,641
Charles Schwab Bank, SSB 1 6.88% $4,057
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 9.25% $12,593
Coastal Carolina National Bank 1 6.63% $4,329
Commercial Bank of Texas 1 6.99% $3,535
CROSSCOUNTRY MORTGAGE, LLC 1 6.88% $7,123
DELTA COMMUNITY CREDIT UNION 1 6.88% $10,186
Discover Bank 1 7.74% $0
EMBRACE HOME LOANS, INC. 1 6.38% $6,067
First Commonwealth Bank 1 5.88% $5,093
First Community Bank 1 6.50% $4,009
First Federal Bank 1 5.88% $5,751
First Federal Savings and Loan Association of Lakewood 1 8.20% $4,093
First Reliance Bank 1 6.88% $3,161
FREEDOM MORTGAGE CORPORATION 1 6.88% $4,654
HOMESIDE FINANCIAL, LLC 1 5.50% $15,493
LAKEVIEW LOAN SERVICING, LLC 1 6.97% $7,847
Morgan Stanley Private Bank 1 6.05% $4,915
MYCUMORTGAGE, LLC 1 4.99% $4,906
Network Funding, L.P. 1 6.00% $4,325
NexBank 1 7.50% $4,367
NFM, INC. 1 7.50% $9,352
Northwest Federal Credit Union 1 6.13% $4,629
ON Q FINANCIAL, INC. 1 6.88% $3,390
PEACH STATE FEDERAL CREDIT UNION 1 5.75% $4,714
PREMIA MORTGAGE, LLC 1 5.25% $0
Raymond James Bank 1 5.25% $3,839

Greenwood Average Closing Costs & Other Stats

Greenwood, SC's 77 lenders originated 999 loans during 2023. The total origination value was $236,335,000, with an average loan value of $236,572.

Greenwood's average closing costs are $5,146.

The top Greenwood lender as defined by loan originations is Countybank, with 34 loans originated. Their average total fees are $5,118, which is $365 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Greenwood lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($2,717), First-Citizens Bank & Trust Company ($4,878), Countybank ($5,118), UNITED WHOLESALE MORTGAGE, LLC ($5,483) and CHURCHILL MORTGAGE CORPORATION ($5,563).

The lowest rate Greenwood lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.45%), Countybank (6.23%), First-Citizens Bank & Trust Company (6.28%), CHURCHILL MORTGAGE CORPORATION (6.58%) and QUICKEN LOANS, LLC (6.73%).

Greenwood, 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
CBRE MULTIFAMILY CAPITAL, INC. $26,065,000 n/a 11.0%
Countybank $26,090,000 $17,635,000 -32.4% 7.5%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $27,940,000 $17,270,000 -38.2% 7.3%
UNITED WHOLESALE MORTGAGE, LLC $5,310,000 $14,390,000 171.0% 6.1%
QUICKEN LOANS, LLC $18,910,000 $13,355,000 -29.4% 5.7%
ACOPIA, LLC $15,685,000 $11,470,000 -26.9% 4.9%
South State Bank $7,925,000 $9,010,000 13.7% 3.8%
DHI MORTGAGE COMPANY, LTD. $6,720,000 $8,415,000 25.2% 3.6%
GREYSTONE SERVICING COMPANY LLC $7,355,000 n/a 3.1%
First-Citizens Bank & Trust Company $16,055,000 $6,980,000 -56.5% 3.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $8,330,000 $6,640,000 -20.3% 2.8%
LIMA ONE CAPITAL, LLC $320,000 $5,005,000 1,464.1% 2.1%
United Community Bank $4,030,000 $4,520,000 12.2% 1.9%
CHURCHILL MORTGAGE CORPORATION $6,420,000 $3,595,000 -44.0% 1.5%
UNION HOME MORTGAGE CORP. $495,000 $3,405,000 587.9% 1.4%
S. C. STATE FEDERAL CREDIT UNION $930,000 $2,445,000 162.9% 1.0%
MOVEMENT MORTGAGE, LLC $3,225,000 $2,330,000 -27.8% 1.0%
Arthur State Bank $1,470,000 $2,100,000 42.9% 0.9%
AgFirst Farm Credit Bank $2,895,000 $2,070,000 -28.5% 0.9%
PENNYMAC LOAN SERVICES, LLC $3,355,000 $2,055,000 -38.7% 0.9%
Mortgage Research Center, LLC $2,530,000 $2,045,000 -19.2% 0.9%
21ST MORTGAGE CORPORATION $520,000 $1,830,000 251.9% 0.8%
Waterstone Mortgage Corporation $755,000 $1,830,000 142.4% 0.8%
The Commercial Bank $1,760,000 n/a 0.7%
First Community Bank $165,000 $1,665,000 909.1% 0.7%
ON Q FINANCIAL, INC. $1,345,000 $1,600,000 19.0% 0.7%
Wells Fargo Bank $6,250,000 $1,600,000 -74.4% 0.7%
NAVY FEDERAL CREDIT UNION $1,765,000 $1,560,000 -11.6% 0.7%
CROSSCOUNTRY MORTGAGE, LLC $1,825,000 $1,530,000 -16.2% 0.6%
TD Bank $2,590,000 $1,410,000 -45.6% 0.6%
STATE EMPLOYEES' $520,000 $1,375,000 164.4% 0.6%
AMERISAVE MORTGAGE CORPORATION $665,000 $1,350,000 103.0% 0.6%
LOANDEPOT.COM, LLC $2,390,000 $1,235,000 -48.3% 0.5%
FOUNDERS FEDERAL CREDIT UNION $2,415,000 $1,115,000 -53.8% 0.5%
GUARANTEED RATE, INC. $385,000 $1,115,000 189.6% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $1,670,000 $1,015,000 -39.2% 0.4%
EMBRACE HOME LOANS, INC. $315,000 $1,005,000 219.0% 0.4%
Morgan Stanley Private Bank $475,000 $1,005,000 111.6% 0.4%
Equity Prime Mortgage LLC $620,000 $995,000 60.5% 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,020,000 $975,000 -4.4% 0.4%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,275,000 $975,000 -23.5% 0.4%
Flagstar Bank, FSB $1,195,000 $930,000 -22.2% 0.4%
Magnolia Bank $880,000 n/a 0.4%
Citizens Bank $820,000 $875,000 6.7% 0.4%
PREMIA MORTGAGE, LLC $575,000 $850,000 47.8% 0.4%
GUILD MORTGAGE COMPANY $1,560,000 $840,000 -46.2% 0.4%
Bank of America $1,835,000 $825,000 -55.0% 0.3%
The Citizens Bank $825,000 n/a 0.3%
DELTA COMMUNITY CREDIT UNION $805,000 n/a 0.3%
Coastal Carolina National Bank $105,000 $795,000 657.1% 0.3%
NEW DAY FINANCIAL, LLC $605,000 $760,000 25.6% 0.3%
JPMorgan Chase Bank $685,000 $755,000 10.2% 0.3%
SeaTrust Mortgage Company $135,000 $755,000 459.3% 0.3%
Barrington Bank & Trust Company, N.A. $95,000 $710,000 647.4% 0.3%
CARDINAL FINANCIAL $2,350,000 $705,000 -70.0% 0.3%
Raymond James Bank $695,000 n/a 0.3%
Truist $1,280,000 $675,000 -47.3% 0.3%
Ameris Bank $895,000 $665,000 -25.7% 0.3%
FREEDOM MORTGAGE CORPORATION $1,595,000 $645,000 -59.6% 0.3%
PENTAGON FEDERAL CREDIT UNION $555,000 $645,000 16.2% 0.3%
Carrington Mortgage Services, LLC $1,330,000 $635,000 -52.3% 0.3%
HomeTrust Bank $445,000 $620,000 39.3% 0.3%
Parda Federal Credit Union $620,000 n/a 0.3%
NFM, INC. $215,000 $615,000 186.0% 0.3%
HOMESTAR FINANCIAL CORPORATION $5,285,000 $585,000 -88.9% 0.2%
First Federal Savings and Loan Association of Lakewood $575,000 n/a 0.2%
NEWREZ LLC $380,000 $555,000 46.1% 0.2%
TOP FLITE FINANCIAL, INC. $485,000 n/a 0.2%
USAA Federal Savings Bank $1,345,000 $480,000 -64.3% 0.2%
ANGEL OAK MORTGAGE SOLUTIONS LLC $470,000 n/a 0.2%
First Palmetto Bank $265,000 $450,000 69.8% 0.2%
Truliant Federal Credit Union $245,000 $435,000 77.6% 0.2%
MYCUMORTGAGE, LLC $1,795,000 $415,000 -76.9% 0.2%
First Commonwealth Bank $405,000 n/a 0.2%
Mortgage Assurance Inc. $405,000 n/a 0.2%
Northwest Federal Credit Union $405,000 n/a 0.2%
The Peoples Bank $395,000 n/a 0.2%
American Mortgage & Equity Consultants, Inc. $385,000 n/a 0.2%
BOKF $385,000 n/a 0.2%
AMWEST FUNDING CORP. $205,000 $375,000 82.9% 0.2%
Pinnacle Bank $855,000 $370,000 -56.7% 0.2%
BAYSHORE MORTGAGE FUNDING, LLC $365,000 n/a 0.2%
ZILLOW HOME LOANS, LLC $365,000 n/a 0.2%
SOVEREIGN LENDING GROUP INCORPORATED $355,000 n/a 0.2%
S. C. TELCO $465,000 $350,000 -24.7% 0.1%
HOMESIDE FINANCIAL, LLC $615,000 $345,000 -43.9% 0.1%
Discover Bank $310,000 $340,000 9.7% 0.1%
Charles Schwab Bank, SSB $705,000 $335,000 -52.5% 0.1%
U.S. Bank $950,000 $335,000 -64.7% 0.1%
CIVIC FINANCIAL SERVICES, LLC $2,060,000 $325,000 -84.2% 0.1%
AMERICAN FINANCING CORPORATION $315,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $225,000 $315,000 40.0% 0.1%
CAPITAL CENTER, L.L.C. $310,000 n/a 0.1%
Bank of Travelers Rest $305,000 n/a 0.1%
First Federal Bank $135,000 $305,000 125.9% 0.1%
Meridian Bank Corporation $255,000 $305,000 19.6% 0.1%
Sierra Pacific Mortgage Company, Inc. $305,000 n/a 0.1%
Southern First Bank $550,000 $305,000 -44.5% 0.1%
First National Bank of Pennsylvania $310,000 $295,000 -4.8% 0.1%
RELIANCE FIRST CAPITAL, LLC $905,000 $285,000 -68.5% 0.1%
RESOURCE FINANCIAL SERVICES, INC. $725,000 $285,000 -60.7% 0.1%
Renasant Bank $565,000 $280,000 -50.4% 0.1%
SENTE MORTGAGE, INC. $275,000 n/a 0.1%
Alcova Mortgage LLC $270,000 $265,000 -1.9% 0.1%
First Reliance Bank $265,000 n/a 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $330,000 $265,000 -19.7% 0.1%
INTERLINC MORTGAGE SERVICES, LLC $260,000 n/a 0.1%
Nations Lending Corporation $250,000 $255,000 2.0% 0.1%
ROYAL UNITED MORTGAGE LLC $740,000 $255,000 -65.5% 0.1%
SOUTHWEST STAGE FUNDING, LLC $435,000 $255,000 -41.4% 0.1%
Commercial Bank of Texas $245,000 n/a 0.1%
NexBank $245,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $135,000 $235,000 74.1% 0.1%
Kwik Mortgage Corporation $235,000 n/a 0.1%
TRIAD FINANCIAL SERVICES, INC. $230,000 n/a 0.1%
CLEARPATH LENDING $225,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $285,000 $215,000 -24.6% 0.1%
NATIONWIDE MORTGAGE BANKERS, INC. $600,000 $205,000 -65.8% 0.1%
PriorityOne Bank $205,000 n/a 0.1%
1ST SIGNATURE LENDING, LLC $195,000 n/a 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $455,000 $195,000 -57.1% 0.1%
Synovus Bank $190,000 $185,000 -2.6% 0.1%
Colony Bank $145,000 $175,000 20.7% 0.1%
LOANPAL, LLC $385,000 $175,000 -54.5% 0.1%
SELF-HELP Credit Union $175,000 n/a 0.1%
CITY FIRST MORTGAGE SERVICES, L.L.C. $165,000 n/a 0.1%
CMG MORTGAGE, INC. $165,000 n/a 0.1%
CORNERSTONE HOME LENDING, INC. $235,000 $160,000 -31.9% 0.1%
POLARIS HOME FUNDING CORP. $155,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $745,000 $145,000 -80.5% 0.1%
Fifth Third Bank $140,000 n/a 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $660,000 $135,000 -79.5% 0.1%
MID AMERICA MORTGAGE, INC. $445,000 $135,000 -69.7% 0.1%
Network Funding, L.P. $760,000 $135,000 -82.2% 0.1%
PEACH STATE FEDERAL CREDIT UNION $135,000 n/a 0.1%
Assurance Financial Group, L.L.C. $245,000 $125,000 -49.0% 0.1%
Lakeview Community Capital, LLC $75,000 $125,000 66.7% 0.1%
OCMBC, INC. $115,000 n/a 0.0%
FIRST MORTGAGE COMPANY, INC. $105,000 n/a 0.0%
SOUTH CAROLINA FEDERAL CREDIT UNION $105,000 n/a 0.0%
The Bank of South Carolina $205,000 $105,000 -48.8% 0.0%
TOWER $105,000 n/a 0.0%
Greenville Heritage Federal Credit Union $95,000 n/a 0.0%
Regions Bank $730,000 $95,000 -87.0% 0.0%
SWBC MORTGAGE CORPORATION $175,000 $95,000 -45.7% 0.0%
ACADEMY MORTGAGE CORPORATION $85,000 n/a 0.0%
BROKER SOLUTIONS, INC. $690,000 $85,000 -87.7% 0.0%
Figure Lending LLC $60,000 n/a 0.0%
MTC Federal Credit Union $55,000 n/a 0.0%
WINGS FINANCIAL $35,000 n/a 0.0%
THRIVENT Federal Credit Union $25,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $15,000 n/a 0.0%
Palmetto Citizens Federal Credit Union $175,000 $15,000 -91.4% 0.0%

Greenwood's top lender by overall market share is CBRE MULTIFAMILY CAPITAL, INC., with 11.0% market share. In second place, with 7.5%, is Countybank, having originated $17,635,000 in loans. In third place, with 7.3%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $17,270,000 in loans. In fourth place, with 6.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $14,390,000 in loans. In fifth place, with 5.7%, is QUICKEN LOANS, LLC, having originated $13,355,000 in loans.

Greenwood, SC Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 691 $160,405,000 $232,135
Cash Out Refi 124 $20,890,000 $168,468
Home Improvement 68 $6,560,000 $96,471
Other 60 $7,310,000 $121,833
Refi 56 $41,170,000 $735,179

Greenwood's most frequently cited loan purpose was Home Purchase, with 691 originations. The 2nd most popular reason was Cash Out Refi, with 124 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 371 $79,315,000 $213,787
7-8% 248 $49,710,000 $200,444
5-6% 181 $66,385,000 $366,768
Over 8% 93 $19,825,000 $213,172
4-5% 45 $10,335,000 $229,667
<2.5% 32 $180,000 $5,625
3-4% 8 $650,000 $81,250

During 2023, Greenwood's most frequently originated rate bucket was 6-7%, with 371 originations.

Loan Sizing (Greenwood, SC MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 385 $57,215,000 $148,610
$200k-400k 327 $88,155,000 $269,587
$100,000 or less 214 $11,390,000 $53,224
$400k-600k 47 $22,845,000 $486,064
$600k-1000k 19 $13,835,000 $728,158
$Over $1MM 7 $42,895,000 $6,127,857

Greenwood's loan sizing saw the bucket of loans from $100k-200k with 385 originations, totaling $57,215,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 479 $111,345,000 $232,453
60-80% 219 $88,315,000 $403,265
20-40% 100 $12,040,000 $120,400
40-60% 88 $16,610,000 $188,750
Under 20% 86 $2,610,000 $30,349
Over 100% 10 $2,460,000 $246,000

Greenwood's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 479 originations, totaling $111,345,000 in origination value.