Jasper Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Jasper averaged 6.91% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.52% and one month ago for the week of 2024-10-10, the average rate was 6.45%.

    Jasper's average rate one year ago was 7.43%.

    For refis of the same type during the week of 2024-11-14, the average rate was 6.78%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Jasper 30 Year Fixed Rate 2024-11-14 6.91%
    Jasper 30 Year Fixed Rate Refi 2024-11-14 6.78%
    Jasper 15 Year Fixed Rate 2024-11-14 5.79%
    Jasper 15 Year Fixed Rate Refi 2024-11-14 6.19%
    Jasper 30 Year FHA 2024-11-14 -0.18%
    Jasper 30 Year FHA Refi 2024-11-14 0.2%
    Jasper 30 Year USDA 2024-11-14 -0.1%
    Jasper 30 Year USDA Refi 2024-11-14 0.2%
    Jasper 30 Year VA 2024-11-14 0.2%
    Jasper 30 Year VA Refi 2024-11-14 -0.1%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Jasper, AL.

    Jasper 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 Jasper, AL 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
    Synovus Bank 25 6.92% $4,314
    UNITED WHOLESALE MORTGAGE, LLC 21 6.65% $4,224
    GUILD MORTGAGE COMPANY 14 6.87% $4,849
    QUICKEN LOANS, LLC 13 6.81% $5,056
    Regions Bank 12 6.59% $4,416
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 6.78% $4,354
    FirstBank 6 6.60% $4,325
    Prosperity Home Mortgage, LLC 6 6.96% $5,723
    UNION HOME MORTGAGE CORP. 5 6.53% $5,012
    Renasant Bank 5 6.65% $5,731
    ROYAL UNITED MORTGAGE LLC 4 6.97% $5,946
    APCO EMPLOYEES 4 6.72% $3,969
    Bank of England 4 6.91% $4,030
    MOVEMENT MORTGAGE, LLC 3 6.58% $4,408
    FIRST COMMUNITY MORTGAGE, INC. 3 5.92% $3,672
    AMERICA'S FIRST 3 6.25% $4,659
    21ST MORTGAGE CORPORATION 3 7.23% $6,321
    Wells Fargo Bank 3 6.13% $5,752
    SouthPoint Bank 2 5.50% $2,917
    Trustmark National Bank 2 7.25% $5,158
    BROKER SOLUTIONS, INC. 2 7.13% $7,932
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.75% $5,226
    PNC Bank 2 6.75% $3,542
    Assurance Financial Group, L.L.C. 2 6.94% $3,172
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 7.31% $5,202
    GUARANTEED RATE, INC. 2 7.16% $6,695
    BancorpSouth 2 7.06% $3,469
    The Loan Store, Inc. 1 6.88% $4,045
    U.S. Bank 1 7.63% $3,681
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.50% $5,528
    Waterstone Mortgage Corporation 1 6.38% $8,542
    ZILLOW HOME LOANS, LLC 1 6.38% $5,532
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.63% $5,397
    ACOPIA, LLC 1 7.13% $7,002
    AlaTrust Credit Union 1 6.75% $8,693
    AVADIAN 1 7.00% $3,279
    Bank of Tennessee 1 7.28% $10,811
    BAY EQUITY LLC 1 5.99% $2,695
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.63% $3,876
    CHURCHILL MORTGAGE CORPORATION 1 6.63% $3,523
    CIS Financial Services, Inc. 1 6.50% $6,238
    DAS Acquisition Company, LLC 1 6.88% $7,857
    Discover Bank 1 8.24% $0
    EAGLE HOME MORTGAGE, LLC 1 7.25% $9,940
    First Horizon Bank 1 7.38% $3,367
    First National Bank of America 1 12.00% $6,213
    Gateway First Bank 1 6.00% $1,080
    GMFS LLC 1 6.63% $8,554
    Hamilton Mortgage Corporation 1 6.50% $2,094
    LOANDEPOT.COM, LLC 1 5.99% $6,428
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.00% $6,110
    NBKC BANK 1 7.49% $1,546
    Neighborhood Loans, Inc. 1 7.63% $4,228
    REDSTONE Federal Credit Union 1 8.25% $2,852
    REV FEDERAL CREDIT UNION 1 5.63% $7,528
    River Bank & Trust 1 6.50% $4,015
    South State Bank 1 6.25% $3,880
    Stifel Bank and Trust 1 5.50% $1,943
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $4,019

    Jasper Average Closing Costs & Other Stats

    Jasper, AL's 59 lenders originated 899 loans during 2023. The total origination value was $158,595,000, with an average loan value of $176,413.

    Jasper's average closing costs are $4,931.

    The top Jasper lender as defined by loan originations is Synovus Bank, with 25 loans originated. Their average total fees are $4,314, which is $90 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Jasper lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($4,224), Synovus Bank ($4,314), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,354), Regions Bank ($4,416) and GUILD MORTGAGE COMPANY ($4,849).

    The lowest rate Jasper lenders (with over 10 loans originated) are Regions Bank (6.59%), UNITED WHOLESALE MORTGAGE, LLC (6.65%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.78%), QUICKEN LOANS, LLC (6.81%) and GUILD MORTGAGE COMPANY (6.87%).

    Jasper, AL 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
    LENDINGONE, LLC $17,525,000 n/a 11.1%
    Synovus Bank $13,125,000 $10,960,000 -16.5% 6.9%
    UNITED WHOLESALE MORTGAGE, LLC $11,215,000 $9,540,000 -14.9% 6.0%
    GUILD MORTGAGE COMPANY $9,895,000 $7,095,000 -28.3% 4.5%
    Regions Bank $3,815,000 $6,585,000 72.6% 4.2%
    FirstBank $2,870,000 $5,880,000 104.9% 3.7%
    QUICKEN LOANS, LLC $11,310,000 $5,130,000 -54.6% 3.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $7,000,000 $4,730,000 -32.4% 3.0%
    21ST MORTGAGE CORPORATION $3,765,000 $4,615,000 22.6% 2.9%
    APCO EMPLOYEES $6,405,000 $4,380,000 -31.6% 2.8%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $9,415,000 $3,915,000 -58.4% 2.5%
    Mortgage Research Center, LLC $3,345,000 $3,715,000 11.1% 2.3%
    BankFirst Financial Services $2,335,000 $3,315,000 42.0% 2.1%
    MOVEMENT MORTGAGE, LLC $3,360,000 $3,000,000 -10.7% 1.9%
    ALL IN $2,860,000 n/a 1.8%
    Traditions Bank $2,125,000 $2,845,000 33.9% 1.8%
    Prosperity Home Mortgage, LLC $2,530,000 $2,530,000 0.0% 1.6%
    ServisFirst Bank $785,000 $2,410,000 207.0% 1.5%
    AMERICA'S FIRST $3,250,000 $2,400,000 -26.2% 1.5%
    Renasant Bank $265,000 $2,345,000 784.9% 1.5%
    PINNACLE BANK $2,155,000 n/a 1.4%
    ACOPIA, LLC $2,000,000 n/a 1.3%
    Wells Fargo Bank $3,350,000 $1,720,000 -48.7% 1.1%
    CIS Financial Services, Inc. $1,900,000 $1,660,000 -12.6% 1.0%
    FREEDOM MORTGAGE CORPORATION $680,000 $1,615,000 137.5% 1.0%
    PNC Bank $775,000 $1,515,000 95.5% 1.0%
    FIRST COMMUNITY MORTGAGE, INC. $2,630,000 $1,415,000 -46.2% 0.9%
    BROKER SOLUTIONS, INC. $1,200,000 $1,335,000 11.3% 0.8%
    UNION HOME MORTGAGE CORP. $715,000 $1,120,000 56.6% 0.7%
    Bank of England $1,635,000 $990,000 -39.4% 0.6%
    Trustmark National Bank $1,555,000 $985,000 -36.7% 0.6%
    LOANDEPOT.COM, LLC $3,660,000 $970,000 -73.5% 0.6%
    Gateway First Bank $1,750,000 $960,000 -45.1% 0.6%
    PENNYMAC LOAN SERVICES, LLC $1,390,000 $935,000 -32.7% 0.6%
    GMFS LLC $275,000 $890,000 223.6% 0.6%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $505,000 $865,000 71.3% 0.5%
    AlaTrust Credit Union $1,080,000 $840,000 -22.2% 0.5%
    TRIAD FINANCIAL SERVICES, INC. $1,740,000 $840,000 -51.7% 0.5%
    United Community Bank $1,305,000 $810,000 -37.9% 0.5%
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. $265,000 $800,000 201.9% 0.5%
    REV FEDERAL CREDIT UNION $745,000 n/a 0.5%
    Bank of Tennessee $725,000 n/a 0.5%
    Listerhill Credit Union $425,000 $725,000 70.6% 0.5%
    South State Bank $245,000 $710,000 189.8% 0.4%
    SmartBank $705,000 n/a 0.4%
    BancorpSouth $1,475,000 $660,000 -55.3% 0.4%
    NAVY FEDERAL CREDIT UNION $825,000 $615,000 -25.5% 0.4%
    SOUTHWEST STAGE FUNDING, LLC $185,000 $600,000 224.3% 0.4%
    AMERISAVE MORTGAGE CORPORATION $780,000 $570,000 -26.9% 0.4%
    Cornerstone First Mortgage, Inc $565,000 n/a 0.4%
    GUARANTEED RATE, INC. $560,000 n/a 0.4%
    ROYAL UNITED MORTGAGE LLC $170,000 $560,000 229.4% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $2,455,000 $545,000 -77.8% 0.3%
    Assurance Financial Group, L.L.C. $650,000 $470,000 -27.7% 0.3%
    PENTAGON FEDERAL CREDIT UNION $470,000 n/a 0.3%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $125,000 $460,000 268.0% 0.3%
    Hamilton Mortgage Corporation $455,000 n/a 0.3%
    REDSTONE Federal Credit Union $755,000 $450,000 -40.4% 0.3%
    DAS Acquisition Company, LLC $415,000 n/a 0.3%
    VILLAGE CAPITAL MORTGAGE $410,000 n/a 0.3%
    AVADIAN $75,000 $405,000 440.0% 0.3%
    RELIANCE FIRST CAPITAL, LLC $335,000 $390,000 16.4% 0.2%
    1ST SIGNATURE LENDING, LLC $365,000 n/a 0.2%
    EAGLE HOME MORTGAGE, LLC $355,000 n/a 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $345,000 n/a 0.2%
    HOMESIDE FINANCIAL, LLC $345,000 n/a 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $265,000 $340,000 28.3% 0.2%
    SouthPoint Bank $2,105,000 $340,000 -83.8% 0.2%
    COUNTRYPLACE MORTGAGE, LTD. $335,000 n/a 0.2%
    Pinnacle Bank $330,000 n/a 0.2%
    ZILLOW HOME LOANS, LLC $330,000 n/a 0.2%
    First Horizon Bank $325,000 n/a 0.2%
    MORIA DEVELOPMENT, INC. $325,000 n/a 0.2%
    First National Bank $1,700,000 $320,000 -81.2% 0.2%
    FINANCE OF AMERICA REVERSE LLC $315,000 n/a 0.2%
    MILEND, INC. $310,000 n/a 0.2%
    NEW DAY FINANCIAL, LLC $600,000 $310,000 -48.3% 0.2%
    HOMESTAR FINANCIAL CORPORATION $175,000 $305,000 74.3% 0.2%
    HomePromise Corporation $295,000 n/a 0.2%
    Coastal Community Bank $290,000 n/a 0.2%
    CSL Financial, LLC $1,075,000 $285,000 -73.5% 0.2%
    ACIPCO Federal Credit Union $920,000 $280,000 -69.6% 0.2%
    Figure Lending LLC $270,000 n/a 0.2%
    SUPERIOR CHOICE $270,000 n/a 0.2%
    EvaBank $420,000 $265,000 -36.9% 0.2%
    River Bank & Trust $265,000 n/a 0.2%
    Bryant Bank $780,000 $255,000 -67.3% 0.2%
    Peoples Bank of Alabama $255,000 n/a 0.2%
    Truist $975,000 $255,000 -73.8% 0.2%
    EVERETT FINANCIAL, INC. $945,000 $215,000 -77.2% 0.1%
    PLAZA HOME MORTGAGE, INC. $315,000 $215,000 -31.7% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $650,000 $205,000 -68.5% 0.1%
    The Federal Savings Bank $215,000 $205,000 -4.7% 0.1%
    The Loan Store, Inc. $205,000 n/a 0.1%
    Neighborhood Loans, Inc. $200,000 n/a 0.1%
    Bethpage Federal Credit Union $195,000 n/a 0.1%
    ISERVE RESIDENTIAL LENDING, LLC $430,000 $195,000 -54.7% 0.1%
    Northpointe Bank $485,000 $190,000 -60.8% 0.1%
    ALABAMA CREDIT UNION $395,000 $185,000 -53.2% 0.1%
    NFM, INC. $185,000 n/a 0.1%
    NEWREZ LLC $1,080,000 $180,000 -83.3% 0.1%
    CLEARPATH LENDING $175,000 n/a 0.1%
    LIBERTY HOME MORTGAGE CORPORATION $175,000 n/a 0.1%
    Princeton Mortgage Corporation $175,000 n/a 0.1%
    Stifel Bank and Trust $175,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $495,000 $165,000 -66.7% 0.1%
    FBC MORTGAGE, LLC $125,000 $165,000 32.0% 0.1%
    Waterstone Mortgage Corporation $165,000 n/a 0.1%
    Premier Bank of the South $160,000 n/a 0.1%
    Nations Lending Corporation $155,000 n/a 0.1%
    West Alabama Bank & Trust $55,000 $155,000 181.8% 0.1%
    BAY EQUITY LLC $145,000 n/a 0.1%
    CB&S Bank, Inc. $820,000 $145,000 -82.3% 0.1%
    Discover Bank $35,000 $140,000 300.0% 0.1%
    PLANET HOME LENDING, LLC $125,000 n/a 0.1%
    STOCKTON MORTGAGE CORPORATION $125,000 n/a 0.1%
    USAA Federal Savings Bank $520,000 $125,000 -76.0% 0.1%
    AMWEST FUNDING CORP. $115,000 n/a 0.1%
    FCB Banks $115,000 n/a 0.1%
    NBKC BANK $115,000 n/a 0.1%
    AMERITRUST MORTGAGE CORPORATION $105,000 n/a 0.1%
    Consumer First Mortgage, Inc. $75,000 $105,000 40.0% 0.1%
    Flagstar Bank, FSB $210,000 $105,000 -50.0% 0.1%
    TJC Mortgage, Inc. $1,100,000 $100,000 -90.9% 0.1%
    First National Bank of America $95,000 n/a 0.1%
    First South Farm Credit, ACA $95,000 n/a 0.1%
    First Western Federal Savings Bank $95,000 n/a 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $95,000 n/a 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $95,000 n/a 0.1%
    The Hometown Bank of Alabama $495,000 $95,000 -80.8% 0.1%
    PeoplesTrust Bank $90,000 n/a 0.1%
    BAYSHORE MORTGAGE FUNDING, LLC $85,000 n/a 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $85,000 $75,000 -11.8% 0.0%
    U.S. Bank $630,000 $65,000 -89.7% 0.0%
    Bank of America $970,000 $55,000 -94.3% 0.0%
    Citizens Bank $55,000 n/a 0.0%
    Metro Bank $55,000 n/a 0.0%
    First State Bank of the South, Inc. $45,000 n/a 0.0%
    DELTA COMMUNITY CREDIT UNION $25,000 n/a 0.0%

    Jasper's top lender by overall market share is LENDINGONE, LLC, with 11.1% market share. In second place, with 6.9%, is Synovus Bank, having originated $10,960,000 in loans. In third place, with 6.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $9,540,000 in loans. In fourth place, with 4.5%, is GUILD MORTGAGE COMPANY, having originated $7,095,000 in loans. In fifth place, with 4.2%, is Regions Bank, having originated $6,585,000 in loans.

    Jasper, AL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 568 $103,800,000 $182,746
    Other 105 $11,635,000 $110,810
    Cash Out Refi 85 $27,335,000 $321,588
    Refi 74 $10,100,000 $136,486
    Home Improvement 67 $5,725,000 $85,448

    Jasper's most frequently cited loan purpose was Home Purchase, with 568 originations. The 2nd most popular reason was Other, with 105 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    Over 8% 278 $35,410,000 $127,374
    6-7% 269 $64,435,000 $239,535
    7-8% 156 $25,920,000 $166,154
    5-6% 122 $22,090,000 $181,066
    4-5% 17 $2,855,000 $167,941
    3-4% 8 $660,000 $82,500
    <2.5% 3 $305,000 $101,667

    During 2023, Jasper's most frequently originated rate bucket was Over 8%, with 278 originations.

    Loan Sizing (Jasper, AL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 359 $21,995,000 $61,267
    $100k-200k 324 $46,580,000 $143,765
    $200k-400k 175 $46,445,000 $265,400
    $600k-1000k 18 $12,510,000 $695,000
    $400k-600k 16 $7,470,000 $466,875
    $Over $1MM 7 $23,595,000 $3,370,714

    Jasper's loan sizing saw the bucket of loans from $100,000 or less with 359 originations, totaling $21,995,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 443 $78,975,000 $178,273
    60-80% 145 $29,455,000 $203,138
    40-60% 84 $12,820,000 $152,619
    20-40% 75 $5,645,000 $75,267
    Under 20% 74 $3,020,000 $40,811
    Over 100% 23 $20,815,000 $905,000

    Jasper's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 443 originations, totaling $78,975,000 in origination value.