Jasper Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Jasper averaged
6.82%
for the week of 2024-12-05, compared to the national average of
6.69% for the same period.
The average rate for the prior week (2024-11-27) was
6.54% and
one month ago for the week of 2024-10-31, the
average rate was 6.55%.
Jasper's average rate one year ago was 7.05%.
For refis of the same type during the week of 2024-12-05, the average rate
was 7.09%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-12-05 | 6.69% |
Jasper 30 Year Fixed Rate | 2024-12-05 | 6.82% |
Jasper 30 Year Fixed Rate Refi | 2024-12-05 | 7.09% |
Jasper 15 Year Fixed Rate | 2024-12-05 | 5.76% |
Jasper 15 Year Fixed Rate Refi | 2024-12-05 | 5.86% |
Jasper 30 Year FHA | 2024-12-05 | 6.18% |
Jasper 30 Year FHA Refi | 2024-12-05 | 6.46% |
Jasper 30 Year USDA | 2024-12-05 | 6.23% |
Jasper 30 Year USDA Refi | 2024-12-05 | 6.33% |
Jasper 30 Year VA | 2024-12-05 | 6.04% |
Jasper 30 Year VA Refi | 2024-12-05 | 5.94% |
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.).
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.