HARRISONBURG Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Harrisonburg averaged
6.88%
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
6.61% and
one month ago for the week of 2024-10-03, the
average rate was 6.01%.
Harrisonburg's average rate one year ago was 7.65%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.17%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Harrisonburg 30 Year Fixed Rate | 2024-11-07 | 6.88% |
| Harrisonburg 30 Year Fixed Rate Refi | 2024-11-07 | 7.17% |
| Harrisonburg 15 Year Fixed Rate | 2024-11-07 | 6% |
| Harrisonburg 15 Year Fixed Rate Refi | 2024-11-07 | 6.2% |
| Harrisonburg 30 Year FHA | 2024-11-07 | 6.17% |
| Harrisonburg 30 Year FHA Refi | 2024-11-07 | 6.23% |
| Harrisonburg 30 Year USDA | 2024-11-07 | 6.38% |
| Harrisonburg 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Harrisonburg 30 Year VA | 2024-11-07 | 6.36% |
| Harrisonburg 30 Year VA Refi | 2024-11-07 | 6.14% |
HARRISONBURG 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 HARRISONBURG, VA 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.).
HARRISONBURG Average Closing Costs & Other Stats
HARRISONBURG, VA's 115 lenders originated 1,898
loans during 2023. The total origination value was $489,910,000, with an average loan value of
$258,119.
HARRISONBURG's average closing costs are $4,796.
The top HARRISONBURG lender as defined by loan originations is F & M BANK CORP., with
105 loans originated. Their average total fees are
$4,188, which is $3,128
lower than the next largest lender,
NVR Mortgage Finance, Inc..
The lowest fee HARRISONBURG lenders (with over 10 loans originated) are
DUPONT COMMUNITY ($2,948), PARK VIEW FEDERAL CREDIT UNION ($3,161), F & M BANK CORP. ($4,188), COMMONWEALTH ONE FEDERAL CREDIT UNION ($4,267) and George Mason Mortgage, LLC ($4,543).
The lowest rate HARRISONBURG lenders (with over 10 loans originated) are
PARK VIEW FEDERAL CREDIT UNION (4.37%), COMMONWEALTH ONE FEDERAL CREDIT UNION (5.88%), DUPONT COMMUNITY (5.95%), NVR Mortgage Finance, Inc. (6.23%) and Wells Fargo Bank (6.45%).
HARRISONBURG, VA 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 |
|---|---|---|---|---|
| F & M BANK CORP. | $76,420,000 | $46,690,000 | -38.9% | 9.5% |
| NVR Mortgage Finance, Inc. | $35,190,000 | $32,025,000 | -9.0% | 6.5% |
| Fulton Bank | $1,880,000 | $31,095,000 | 1,554.0% | 6.3% |
| PARK VIEW FEDERAL CREDIT UNION | $53,190,000 | $24,370,000 | -54.2% | 5.0% |
| Integrity Home Mortgage Corp | $43,260,000 | $19,725,000 | -54.4% | 4.0% |
| QUICKEN LOANS, LLC | $30,295,000 | $16,915,000 | -44.2% | 3.5% |
| DUPONT COMMUNITY | $46,920,000 | $16,690,000 | -64.4% | 3.4% |
| Pendleton Community Bank, Inc. | $32,295,000 | $13,565,000 | -58.0% | 2.8% |
| Truist | $19,010,000 | $13,440,000 | -29.3% | 2.7% |
| Blackhawk Bank & Trust | $12,395,000 | n/a | 2.5% | |
| Alcova Mortgage LLC | $5,280,000 | $11,675,000 | 121.1% | 2.4% |
| GREYSTONE SERVICING COMPANY LLC | $11,535,000 | n/a | 2.4% | |
| MOVEMENT MORTGAGE, LLC | $22,915,000 | $10,285,000 | -55.1% | 2.1% |
| Atlantic Union Bank | $11,500,000 | $10,165,000 | -11.6% | 2.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $9,250,000 | $9,745,000 | 5.4% | 2.0% |
| George Mason Mortgage, LLC | $13,730,000 | $9,405,000 | -31.5% | 1.9% |
| Summit Community Bank, Inc. | $8,105,000 | $9,105,000 | 12.3% | 1.9% |
| Virginia Credit Union, Inc. | $2,220,000 | $6,735,000 | 203.4% | 1.4% |
| CBM Mortgage, Inc. | $7,900,000 | $6,510,000 | -17.6% | 1.3% |
| First-Citizens Bank & Trust Company | $4,450,000 | $5,830,000 | 31.0% | 1.2% |
| COMMONWEALTH ONE FEDERAL CREDIT UNION | $2,635,000 | $5,535,000 | 110.1% | 1.1% |
| Waterstone Mortgage Corporation | $1,220,000 | $5,245,000 | 329.9% | 1.1% |
| NAVY FEDERAL CREDIT UNION | $6,695,000 | $4,915,000 | -26.6% | 1.0% |
| FIRST BANCORP | $4,515,000 | $4,910,000 | 8.7% | 1.0% |
| Citizens Bank | $8,420,000 | $4,825,000 | -42.7% | 1.0% |
| Wells Fargo Bank | $11,370,000 | $4,515,000 | -60.3% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $5,095,000 | $4,425,000 | -13.2% | 0.9% |
| Mortgage Research Center, LLC | $7,970,000 | $4,405,000 | -44.7% | 0.9% |
| First Bank | $4,370,000 | $3,875,000 | -11.3% | 0.8% |
| First Heritage Mortgage, LLC | $2,910,000 | $3,855,000 | 32.5% | 0.8% |
| C & F Mortgage Corporation | $7,635,000 | $3,655,000 | -52.1% | 0.7% |
| Atlantic Coast Mortgage, LLC | $5,895,000 | $3,560,000 | -39.6% | 0.7% |
| Member Options, LLC | $1,275,000 | $3,365,000 | 163.9% | 0.7% |
| UNION HOME MORTGAGE CORP. | $4,110,000 | $3,270,000 | -20.4% | 0.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $4,425,000 | $3,265,000 | -26.2% | 0.7% |
| Bank of the James | $15,850,000 | $3,210,000 | -79.7% | 0.7% |
| Bank of America | $2,825,000 | $2,660,000 | -5.8% | 0.5% |
| USAA Federal Savings Bank | $2,825,000 | $2,495,000 | -11.7% | 0.5% |
| LOANDEPOT.COM, LLC | $8,180,000 | $2,460,000 | -69.9% | 0.5% |
| Blue Ridge Bank | $7,055,000 | $2,375,000 | -66.3% | 0.5% |
| NFM, INC. | $2,610,000 | $2,255,000 | -13.6% | 0.5% |
| TD Bank | $1,990,000 | n/a | 0.4% | |
| LIMA ONE CAPITAL, LLC | $1,965,000 | n/a | 0.4% | |
| HOMESPIRE MORTGAGE CORPORATION | $3,900,000 | $1,955,000 | -49.9% | 0.4% |
| Century Mortgage Company DBA Century Lending Company | $1,120,000 | $1,950,000 | 74.1% | 0.4% |
| Prosperity Home Mortgage, LLC | $1,760,000 | $1,930,000 | 9.7% | 0.4% |
| TIDEWATER MORTGAGE SERVICES, INC. | $5,685,000 | $1,920,000 | -66.2% | 0.4% |
| JPMorgan Chase Bank | $4,140,000 | $1,915,000 | -53.7% | 0.4% |
| DHI MORTGAGE COMPANY, LTD. | $1,905,000 | n/a | 0.4% | |
| U.S. Bank | $4,225,000 | $1,825,000 | -56.8% | 0.4% |
| United Bank | $1,615,000 | $1,805,000 | 11.8% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,625,000 | $1,740,000 | -52.0% | 0.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,480,000 | $1,730,000 | 16.9% | 0.4% |
| GSF Mortgage Corporation | $335,000 | $1,715,000 | 411.9% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $1,935,000 | $1,710,000 | -11.6% | 0.3% |
| PIONEER BANK | $2,995,000 | $1,705,000 | -43.1% | 0.3% |
| EMBRACE HOME LOANS, INC. | $390,000 | $1,630,000 | 317.9% | 0.3% |
| NEWREZ LLC | $3,390,000 | $1,585,000 | -53.2% | 0.3% |
| Acre Mortgage and Financial Inc | $630,000 | $1,530,000 | 142.9% | 0.3% |
| Farm Credit of the Virginias, ACA | $1,220,000 | $1,480,000 | 21.3% | 0.3% |
| Vellum Mortgage, Inc. | $550,000 | $1,395,000 | 153.6% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,635,000 | $1,360,000 | -62.6% | 0.3% |
| BROKER SOLUTIONS, INC. | $940,000 | $1,335,000 | 42.0% | 0.3% |
| CARDINAL FINANCIAL | $705,000 | $1,305,000 | 85.1% | 0.3% |
| City National Bank of West Virginia | $510,000 | $1,305,000 | 155.9% | 0.3% |
| The Federal Savings Bank | $1,255,000 | $1,265,000 | 0.8% | 0.3% |
| PNC Bank | $2,030,000 | $1,220,000 | -39.9% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $1,195,000 | n/a | 0.2% | |
| CAPITAL CENTER, L.L.C. | $2,035,000 | $1,185,000 | -41.8% | 0.2% |
| Northpointe Bank | $440,000 | $1,080,000 | 145.5% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $485,000 | $1,055,000 | 117.5% | 0.2% |
| Towne Bank | $710,000 | $1,055,000 | 48.6% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,045,000 | n/a | 0.2% | |
| GUARANTEED RATE, INC. | $980,000 | $1,045,000 | 6.6% | 0.2% |
| Select Bank | $1,010,000 | n/a | 0.2% | |
| SOUTHERN TRUST MORTGAGE, LLC | $920,000 | n/a | 0.2% | |
| CMG MORTGAGE, INC. | $610,000 | $915,000 | 50.0% | 0.2% |
| BETTER MORTGAGE CORPORATION | $2,955,000 | $890,000 | -69.9% | 0.2% |
| Renasant Bank | $6,040,000 | $870,000 | -85.6% | 0.2% |
| Morgan Stanley Private Bank | $1,140,000 | $860,000 | -24.6% | 0.2% |
| Commerce Home Mortgage, Inc. | $770,000 | n/a | 0.2% | |
| MEMBER ADVANTAGE MORTGAGE, LLC | $115,000 | $765,000 | 565.2% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $615,000 | $755,000 | 22.8% | 0.2% |
| NBKC BANK | $1,285,000 | $750,000 | -41.6% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $1,710,000 | $745,000 | -56.4% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $410,000 | $710,000 | 73.2% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $685,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $725,000 | $675,000 | -6.9% | 0.1% |
| GUILD MORTGAGE COMPANY | $3,450,000 | $665,000 | -80.7% | 0.1% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $405,000 | $655,000 | 61.7% | 0.1% |
| BMO Harris Bank | $615,000 | n/a | 0.1% | |
| MYCUMORTGAGE, LLC | $3,385,000 | $585,000 | -82.7% | 0.1% |
| TOWER | $335,000 | $565,000 | 68.7% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,295,000 | $545,000 | -57.9% | 0.1% |
| EVERENCE FEDERAL CREDIT UNION | $1,890,000 | $520,000 | -72.5% | 0.1% |
| BM Real Estate Services, Inc. | $515,000 | n/a | 0.1% | |
| DEEPHAVEN MORTGAGE LLC | $515,000 | n/a | 0.1% | |
| Sunflower Bank | $515,000 | n/a | 0.1% | |
| NATIONS DIRECT MORTGAGE, LLC | $495,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $825,000 | $495,000 | -40.0% | 0.1% |
| CLEARPATH LENDING | $245,000 | $490,000 | 100.0% | 0.1% |
| Stifel Bank and Trust | $485,000 | n/a | 0.1% | |
| Washington Financial Bank | $195,000 | $475,000 | 143.6% | 0.1% |
| Directions Credit Union, Inc. | $465,000 | n/a | 0.1% | |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $3,170,000 | $460,000 | -85.5% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $785,000 | $450,000 | -42.7% | 0.1% |
| United Nations Federal Credit Union | $2,005,000 | $450,000 | -77.6% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $355,000 | $440,000 | 23.9% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $205,000 | $430,000 | 109.8% | 0.1% |
| HOMESTEAD FUNDING CORP. | $225,000 | $415,000 | 84.4% | 0.1% |
| JMAC LENDING, INC. | $415,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $415,000 | n/a | 0.1% | |
| MORIA DEVELOPMENT, INC. | $405,000 | n/a | 0.1% | |
| NEXTMARK | $400,000 | n/a | 0.1% | |
| Hometown Equity Mortgage, LLC | $395,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $840,000 | $380,000 | -54.8% | 0.1% |
| GENEVA FINANCIAL, LLC | $375,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $365,000 | n/a | 0.1% | |
| Regions Bank | $365,000 | n/a | 0.1% | |
| MCLEAN MORTGAGE CORPORATION | $2,045,000 | $355,000 | -82.6% | 0.1% |
| ROSS MORTGAGE CORPORATION | $355,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $995,000 | $345,000 | -65.3% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $1,470,000 | $340,000 | -76.9% | 0.1% |
| Bell Bank | $335,000 | n/a | 0.1% | |
| Cornerstone First Mortgage, Inc | $335,000 | n/a | 0.1% | |
| GEO-CORP, INC. | $335,000 | n/a | 0.1% | |
| Strong Home Mortgage, LLC | $1,420,000 | $335,000 | -76.4% | 0.1% |
| The Bank of Marion | $335,000 | n/a | 0.1% | |
| Citizens and Farmers Bank | $325,000 | n/a | 0.1% | |
| AgFirst Farm Credit Bank | $2,870,000 | $315,000 | -89.0% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $275,000 | $315,000 | 14.5% | 0.1% |
| Bethpage Federal Credit Union | $315,000 | n/a | 0.1% | |
| Figure Lending LLC | $95,000 | $315,000 | 231.6% | 0.1% |
| NP, Inc. | $480,000 | $315,000 | -34.4% | 0.1% |
| Discover Bank | $225,000 | $310,000 | 37.8% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $225,000 | $310,000 | 37.8% | 0.1% |
| GUIDANCE RESIDENTIAL, LLC | $605,000 | $305,000 | -49.6% | 0.1% |
| MILEND, INC. | $305,000 | n/a | 0.1% | |
| UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION,INC. | $115,000 | $295,000 | 156.5% | 0.1% |
| INTERCOASTAL MORTGAGE COMPANY | $975,000 | $275,000 | -71.8% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $275,000 | n/a | 0.1% | |
| VILLAGE BANK MORTGAGE CORPORATION | $275,000 | n/a | 0.1% | |
| Wyndham Capital Mortgage, Inc. | $590,000 | $275,000 | -53.4% | 0.1% |
| American National Bank and Trust Company | $265,000 | n/a | 0.1% | |
| Bank of England | $450,000 | $265,000 | -41.1% | 0.1% |
| First Federal Bank | $265,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $1,035,000 | $245,000 | -76.3% | 0.1% |
| Southern Bank and Trust Company | $245,000 | n/a | 0.1% | |
| Greenbox Loans, Inc. | $235,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $825,000 | $235,000 | -71.5% | 0.0% |
| UIF CORPORATION | $1,170,000 | $235,000 | -79.9% | 0.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $225,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $225,000 | n/a | 0.0% | |
| OCMBC, INC. | $215,000 | n/a | 0.0% | |
| FIRST SAVINGS MORTGAGE CORPORATION | $580,000 | $205,000 | -64.7% | 0.0% |
| Presidential Bank, FSB | $205,000 | n/a | 0.0% | |
| STATE EMPLOYEES' | $410,000 | $205,000 | -50.0% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $200,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $335,000 | $195,000 | -41.8% | 0.0% |
| First Financial Bank | $195,000 | n/a | 0.0% | |
| JAMS-01, INC. | $635,000 | $195,000 | -69.3% | 0.0% |
| Plains Commerce Bank | $210,000 | $175,000 | -16.7% | 0.0% |
| PARTNERS 1ST Federal Credit Union | $770,000 | $170,000 | -77.9% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $215,000 | $170,000 | -20.9% | 0.0% |
| Nations Lending Corporation | $165,000 | n/a | 0.0% | |
| The Freedom Bank of Virginia | $465,000 | $165,000 | -64.5% | 0.0% |
| Burke & Herbert Bank & Trust Company | $155,000 | n/a | 0.0% | |
| Residential Mortgage Solutions, Inc. | $155,000 | n/a | 0.0% | |
| LOANPAL, LLC | $300,000 | $150,000 | -50.0% | 0.0% |
| EVERETT FINANCIAL, INC. | $390,000 | $145,000 | -62.8% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $145,000 | $145,000 | 0.0% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $145,000 | n/a | 0.0% | |
| 1ST ADVANTAGE FEDERAL CREDIT UNION | $120,000 | $105,000 | -12.5% | 0.0% |
| M&T Bank | $370,000 | $90,000 | -75.7% | 0.0% |
| SPRING EQ, LLC | $90,000 | $85,000 | -5.6% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $185,000 | $85,000 | -54.1% | 0.0% |
| ALLIANT CREDIT UNION | $65,000 | n/a | 0.0% | |
| MEMBER ONE | $55,000 | n/a | 0.0% | |
| NSWC Federal Credit Union | $45,000 | n/a | 0.0% | |
| MERCK EMPLOYEES FEDERAL CREDIT UNION | $675,000 | $35,000 | -94.8% | 0.0% |
| American Airlines Federal Credit Union | $25,000 | n/a | 0.0% | |
| LANGLEY | $385,000 | $25,000 | -93.5% | 0.0% |
HARRISONBURG's top lender by overall market share is F & M BANK CORP., with 9.5% market share. In second place, with 6.5%, is NVR Mortgage Finance, Inc., having originated $32,025,000 in loans. In third place, with 6.3%, is Fulton Bank, having originated $31,095,000 in loans. In fourth place, with 5.0%, is PARK VIEW FEDERAL CREDIT UNION, having originated $24,370,000 in loans. In fifth place, with 4.0%, is Integrity Home Mortgage Corp, having originated $19,725,000 in loans.
HARRISONBURG, VA Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 22801 | Harrisonburg, VA MSA | $880 | $880 | $1,160 | $1,540 | $1,980 |
| 22802 | Harrisonburg, VA MSA | $760 | $770 | $1,010 | $1,340 | $1,720 |
| 22803 | Harrisonburg, VA MSA | $780 | $790 | $1,040 | $1,380 | $1,770 |
| 22807 | Harrisonburg, VA MSA | $780 | $790 | $1,040 | $1,380 | $1,770 |
| 22811 | Harrisonburg, VA MSA | $770 | $770 | $1,020 | $1,360 | $1,740 |
| 22812 | Harrisonburg, VA MSA | $750 | $760 | $990 | $1,320 | $1,680 |
| 22815 | Harrisonburg, VA MSA | $690 | $690 | $910 | $1,210 | $1,550 |
| 22820 | Harrisonburg, VA MSA | $770 | $770 | $1,020 | $1,360 | $1,740 |
| 22821 | Harrisonburg, VA MSA | $660 | $670 | $880 | $1,170 | $1,500 |
| 22827 | Harrisonburg, VA MSA | $720 | $730 | $960 | $1,280 | $1,640 |
| 22830 | Harrisonburg, VA MSA | $760 | $770 | $1,010 | $1,340 | $1,720 |
| 22831 | Harrisonburg, VA MSA | $660 | $670 | $880 | $1,170 | $1,500 |
| 22832 | Harrisonburg, VA MSA | $1,130 | $1,140 | $1,500 | $1,990 | $2,560 |
| 22833 | Harrisonburg, VA MSA | $770 | $770 | $1,020 | $1,360 | $1,740 |
| 22834 | Harrisonburg, VA MSA | $780 | $780 | $1,030 | $1,370 | $1,750 |
| 22840 | Harrisonburg, VA MSA | $1,060 | $1,070 | $1,410 | $1,880 | $2,400 |
| 22841 | Harrisonburg, VA MSA | $760 | $760 | $1,000 | $1,330 | $1,700 |
| 22844 | Harrisonburg, VA MSA | $650 | $660 | $860 | $1,140 | $1,470 |
| 22846 | Harrisonburg, VA MSA | $990 | $1,000 | $1,320 | $1,750 | $2,240 |
| 22848 | Harrisonburg, VA MSA | $770 | $770 | $1,020 | $1,360 | $1,740 |
| 22849 | Harrisonburg, VA MSA | $750 | $750 | $990 | $1,320 | $1,690 |
| 22850 | Harrisonburg, VA MSA | $970 | $970 | $1,280 | $1,700 | $2,180 |
| 22853 | Harrisonburg, VA MSA | $700 | $710 | $930 | $1,240 | $1,580 |
| 24441 | Harrisonburg, VA MSA | $780 | $780 | $990 | $1,340 | $1,690 |
| 24471 | Harrisonburg, VA MSA | $650 | $660 | $860 | $1,140 | $1,470 |
| 24486 | Harrisonburg, VA MSA | $920 | $920 | $1,110 | $1,550 | $1,890 |
2022 Average & Median Rent Data Statistics
HARRISONBURG, VA average 1BR rent: $800, median: $770
HARRISONBURG, VA average 2BR rent: $1,048, median: $1,015
HARRISONBURG, VA average 3BR rent: $1,397, median: $1,350
HARRISONBURG, VA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,138 | $341,640,000 | $300,211 |
| Other | 286 | $30,690,000 | $107,308 |
| Refi | 172 | $74,570,000 | $433,547 |
| Home Improvement | 151 | $13,735,000 | $90,960 |
| Cash Out Refi | 151 | $29,275,000 | $193,874 |
Harrisonburg's most frequently cited loan purpose was Home Purchase, with 1,138 originations. The 2nd most popular reason was Other, with 286 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 647 | $168,625,000 | $260,626 |
| 7-8% | 446 | $122,240,000 | $274,081 |
| Over 8% | 322 | $38,700,000 | $120,186 |
| 5-6% | 308 | $88,960,000 | $288,831 |
| 4-5% | 51 | $15,505,000 | $304,020 |
| 3-4% | 13 | $3,805,000 | $292,692 |
| <2.5% | 2 | $190,000 | $95,000 |
| 2.5-3% | 1 | $225,000 | $225,000 |
During 2023, Harrisonburg's most frequently originated rate bucket was 6-7%, with 647 originations.
Loan Sizing (HARRISONBURG, VA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 825 | $232,655,000 | $282,006 |
| $100,000 or less | 440 | $23,940,000 | $54,409 |
| $100k-200k | 425 | $63,205,000 | $148,718 |
| $400k-600k | 158 | $74,400,000 | $470,886 |
| $600k-1000k | 34 | $23,480,000 | $690,588 |
| $Over $1MM | 16 | $72,230,000 | $4,514,375 |
HARRISONBURG's loan sizing saw the bucket of loans from $200k-400k with 825 originations, totaling $232,655,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 727 | $229,785,000 | $316,073 |
| 60-80% | 361 | $135,035,000 | $374,058 |
| Under 20% | 253 | $11,965,000 | $47,292 |
| 20-40% | 250 | $27,140,000 | $108,560 |
| 40-60% | 178 | $36,960,000 | $207,640 |
| Over 100% | 24 | $10,820,000 | $450,833 |
HARRISONBURG's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 727 originations, totaling $229,785,000 in origination value.