Jasper Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Jasper averaged
6.66%
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
6.9% and
one month ago for the week of 2023-08-10, the
average rate was 6.54%.
Jasper's average rate one year ago was 5.67%.
For refis of the same type during the week of 2023-09-14, the average rate
was 7.28%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Jasper 30 Year Fixed Rate | 2023-09-14 | 6.66% |
| Jasper 30 Year Fixed Rate Refi | 2023-09-14 | 7.28% |
| Jasper 15 Year Fixed Rate | 2023-09-14 | 6.31% |
| Jasper 15 Year Fixed Rate Refi | 2023-09-14 | 7.01% |
| Jasper 30 Year FHA | 2023-09-14 | 6.41% |
| Jasper 30 Year FHA Refi | 2023-09-14 | 6.99% |
| Jasper 30 Year USDA | 2023-09-14 | 6.88% |
| Jasper 30 Year USDA Refi | 2023-09-14 | 7.08% |
| Jasper 30 Year VA | 2023-09-14 | 6.71% |
| Jasper 30 Year VA Refi | 2023-09-14 | 6.71% |
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 72 lenders originated 1,081
loans during 2022. The total origination value was $182,045,000, with an average loan value of
$168,404.
Jasper's average closing costs are $4,786.
The top Jasper lender as defined by loan originations is Synovus Bank, with
32 loans originated. Their average total fees are
$4,018, which is $369
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Jasper lenders (with over 10 loans originated) are
APCO EMPLOYEES ($3,129), Synovus Bank ($4,018), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,387), UNITED WHOLESALE MORTGAGE, LLC ($4,907) and QUICKEN LOANS, LLC ($5,421).
The lowest rate Jasper lenders (with over 10 loans originated) are
APCO EMPLOYEES (4.41%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (4.57%), QUICKEN LOANS, LLC (4.78%), GUILD MORTGAGE COMPANY (4.80%) and UNITED WHOLESALE MORTGAGE, LLC (4.85%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Synovus Bank | $19,425,000 | $13,125,000 | -32.4% | 7.2% |
| QUICKEN LOANS, LLC | $23,665,000 | $11,310,000 | -52.2% | 6.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $16,250,000 | $11,215,000 | -31.0% | 6.2% |
| GUILD MORTGAGE COMPANY | $13,100,000 | $9,895,000 | -24.5% | 5.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $12,005,000 | $9,415,000 | -21.6% | 5.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $7,400,000 | $7,000,000 | -5.4% | 3.8% |
| APCO EMPLOYEES | $4,755,000 | $6,405,000 | 34.7% | 3.5% |
| First US Bank | $5,005,000 | n/a | 2.7% | |
| Hometown Lenders, Inc. | $9,240,000 | $3,925,000 | -57.5% | 2.2% |
| Regions Bank | $7,090,000 | $3,815,000 | -46.2% | 2.1% |
| 21ST MORTGAGE CORPORATION | $2,965,000 | $3,765,000 | 27.0% | 2.1% |
| LOANDEPOT.COM, LLC | $4,525,000 | $3,660,000 | -19.1% | 2.0% |
| MOVEMENT MORTGAGE, LLC | $1,165,000 | $3,360,000 | 188.4% | 1.8% |
| Wells Fargo Bank | $5,035,000 | $3,350,000 | -33.5% | 1.8% |
| Mortgage Research Center, LLC | $2,215,000 | $3,345,000 | 51.0% | 1.8% |
| AMERICA'S FIRST | $575,000 | $3,250,000 | 465.2% | 1.8% |
| FirstBank | $3,135,000 | $2,870,000 | -8.5% | 1.6% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,235,000 | $2,630,000 | 113.0% | 1.4% |
| Prosperity Home Mortgage, LLC | $4,785,000 | $2,530,000 | -47.1% | 1.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,205,000 | $2,455,000 | 11.3% | 1.3% |
| BankFirst Financial Services | $1,360,000 | $2,335,000 | 71.7% | 1.3% |
| Traditions Bank | $2,740,000 | $2,125,000 | -22.4% | 1.2% |
| SouthPoint Bank | $3,160,000 | $2,105,000 | -33.4% | 1.2% |
| CIS Financial Services, Inc. | $1,135,000 | $1,900,000 | 67.4% | 1.0% |
| CALIBER HOME LOANS, INC. | $2,260,000 | $1,810,000 | -19.9% | 1.0% |
| LEADERONE FINANCIAL CORPORATION | $1,410,000 | $1,800,000 | 27.7% | 1.0% |
| Gateway First Bank | $1,185,000 | $1,750,000 | 47.7% | 1.0% |
| TRIAD FINANCIAL SERVICES, INC. | $2,335,000 | $1,740,000 | -25.5% | 1.0% |
| First National Bank | $725,000 | $1,700,000 | 134.5% | 0.9% |
| Bank of England | $950,000 | $1,635,000 | 72.1% | 0.9% |
| HOME POINT FINANCIAL CORPORATION | $2,325,000 | $1,600,000 | -31.2% | 0.9% |
| Trustmark National Bank | $1,315,000 | $1,555,000 | 18.3% | 0.9% |
| BancorpSouth Bank | $670,000 | $1,475,000 | 120.1% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $2,560,000 | $1,390,000 | -45.7% | 0.8% |
| United Community Bank | $1,305,000 | n/a | 0.7% | |
| KeyBank | $1,285,000 | n/a | 0.7% | |
| BROKER SOLUTIONS, INC. | $340,000 | $1,200,000 | 252.9% | 0.7% |
| TJC Mortgage, Inc. | $940,000 | $1,100,000 | 17.0% | 0.6% |
| AlaTrust Credit Union | $1,445,000 | $1,080,000 | -25.3% | 0.6% |
| NEWREZ LLC | $735,000 | $1,080,000 | 46.9% | 0.6% |
| CSL Financial, LLC | $55,000 | $1,075,000 | 1,854.5% | 0.6% |
| Progress Bank and Trust | $1,005,000 | n/a | 0.6% | |
| First Federal Bank, A FSB | $970,000 | $1,000,000 | 3.1% | 0.5% |
| Truist | $1,215,000 | $975,000 | -19.8% | 0.5% |
| Bank of America | $250,000 | $970,000 | 288.0% | 0.5% |
| Community Bank of Mississippi | $295,000 | $945,000 | 220.3% | 0.5% |
| EVERETT FINANCIAL, INC. | $945,000 | n/a | 0.5% | |
| ACIPCO Federal Credit Union | $45,000 | $920,000 | 1,944.4% | 0.5% |
| Paragon Bank | $905,000 | n/a | 0.5% | |
| NAVY FEDERAL CREDIT UNION | $655,000 | $825,000 | 26.0% | 0.5% |
| CB&S Bank, Inc. | $150,000 | $820,000 | 446.7% | 0.5% |
| ServisFirst Bank | $350,000 | $785,000 | 124.3% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $3,170,000 | $780,000 | -75.4% | 0.4% |
| Bryant Bank | $780,000 | n/a | 0.4% | |
| PNC Bank | $415,000 | $775,000 | 86.7% | 0.4% |
| REDSTONE Federal Credit Union | $605,000 | $755,000 | 24.8% | 0.4% |
| UNION HOME MORTGAGE CORP. | $155,000 | $715,000 | 361.3% | 0.4% |
| Ameris Bank | $1,035,000 | $695,000 | -32.9% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $4,335,000 | $680,000 | -84.3% | 0.4% |
| JPMorgan Chase Bank | $685,000 | $660,000 | -3.6% | 0.4% |
| Assurance Financial Group, L.L.C. | $360,000 | $650,000 | 80.6% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $155,000 | $650,000 | 319.4% | 0.4% |
| U.S. Bank | $365,000 | $630,000 | 72.6% | 0.3% |
| NEW DAY FINANCIAL, LLC | $900,000 | $600,000 | -33.3% | 0.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $595,000 | n/a | 0.3% | |
| USAA Federal Savings Bank | $885,000 | $520,000 | -41.2% | 0.3% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $175,000 | $505,000 | 188.6% | 0.3% |
| CHURCHILL MORTGAGE CORPORATION | $190,000 | $495,000 | 160.5% | 0.3% |
| The Hometown Bank of Alabama | $495,000 | n/a | 0.3% | |
| Northpointe Bank | $515,000 | $485,000 | -5.8% | 0.3% |
| ISERVE RESIDENTIAL LENDING, LLC | $145,000 | $430,000 | 196.6% | 0.2% |
| Carrington Mortgage Services, LLC | $780,000 | $425,000 | -45.5% | 0.2% |
| GUARANTY HOME MORTGAGE CORPORATION | $390,000 | $425,000 | 9.0% | 0.2% |
| Listerhill Credit Union | $425,000 | n/a | 0.2% | |
| EvaBank | $585,000 | $420,000 | -28.2% | 0.2% |
| ALABAMA CREDIT UNION | $275,000 | $395,000 | 43.6% | 0.2% |
| PHH Mortgage Corporation | $95,000 | $375,000 | 294.7% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $335,000 | n/a | 0.2% | |
| PLAZA HOME MORTGAGE, INC. | $205,000 | $315,000 | 53.7% | 0.2% |
| ALABAMA TEACHERS | $55,000 | $305,000 | 454.5% | 0.2% |
| BEST CAPITAL FUNDING | $305,000 | n/a | 0.2% | |
| The Central Trust Bank | $305,000 | n/a | 0.2% | |
| CORNERSTONE HOME LENDING, INC. | $295,000 | n/a | 0.2% | |
| AMERICAN FINANCING CORPORATION | $470,000 | $290,000 | -38.3% | 0.2% |
| AMERIFIRST FINANCIAL CORPORATION | $715,000 | $290,000 | -59.4% | 0.2% |
| Eagle Bank and Trust Company | $285,000 | n/a | 0.2% | |
| GoPrime Mortgage, Inc. | $1,585,000 | $285,000 | -82.0% | 0.2% |
| GMFS LLC | $1,530,000 | $275,000 | -82.0% | 0.2% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $265,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $265,000 | n/a | 0.1% | |
| Renasant Bank | $3,020,000 | $265,000 | -91.2% | 0.1% |
| Bank Independent | $255,000 | n/a | 0.1% | |
| First Commercial Bank | $255,000 | n/a | 0.1% | |
| THE MORTGAGE FIRM, INC. | $250,000 | n/a | 0.1% | |
| South State Bank | $1,145,000 | $245,000 | -78.6% | 0.1% |
| IMPAC MORTGAGE CORP. | $225,000 | n/a | 0.1% | |
| M&T Bank | $365,000 | $225,000 | -38.4% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $220,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $215,000 | n/a | 0.1% | |
| The Federal Savings Bank | $185,000 | $215,000 | 16.2% | 0.1% |
| Flagstar Bank, FSB | $560,000 | $210,000 | -62.5% | 0.1% |
| Alabama One Credit Union | $55,000 | $185,000 | 236.4% | 0.1% |
| First Guaranty Mortgage Corporation | $145,000 | $185,000 | 27.6% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $150,000 | $185,000 | 23.3% | 0.1% |
| EMM LOANS LLC | $175,000 | n/a | 0.1% | |
| HOMESTAR FINANCIAL CORPORATION | $175,000 | n/a | 0.1% | |
| Low VA Rates, LLC | $175,000 | n/a | 0.1% | |
| Morgan Stanley Private Bank | $175,000 | n/a | 0.1% | |
| NETWORK CAPITAL FUNDING CORPORATION | $175,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $310,000 | $170,000 | -45.2% | 0.1% |
| LIMA ONE CAPITAL, LLC | $190,000 | $165,000 | -13.2% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $135,000 | $165,000 | 22.2% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $235,000 | $155,000 | -34.0% | 0.1% |
| Equity Prime Mortgage LLC | $245,000 | $145,000 | -40.8% | 0.1% |
| SOVEREIGN LENDING GROUP INCORPORATED | $135,000 | n/a | 0.1% | |
| FBC MORTGAGE, LLC | $275,000 | $125,000 | -54.5% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,050,000 | $125,000 | -88.1% | 0.1% |
| MICHIGAN MUTUAL, INC. | $125,000 | n/a | 0.1% | |
| Sycamore Bank | $125,000 | n/a | 0.1% | |
| Blue Ridge Bank | $780,000 | $110,000 | -85.9% | 0.1% |
| Central State Bank | $105,000 | n/a | 0.1% | |
| GSF Mortgage Corporation | $105,000 | n/a | 0.1% | |
| Jefferson Credit Union | $65,000 | $105,000 | 61.5% | 0.1% |
| Plains Commerce Bank | $105,000 | n/a | 0.1% | |
| SeaTrust Mortgage Company | $105,000 | n/a | 0.1% | |
| CMG MORTGAGE, INC. | $95,000 | n/a | 0.1% | |
| GENEVA FINANCIAL, LLC | $95,000 | n/a | 0.1% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $65,000 | $95,000 | 46.2% | 0.1% |
| AMERICAN ADVISORS GROUP | $330,000 | $85,000 | -74.2% | 0.0% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,025,000 | $85,000 | -91.7% | 0.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $165,000 | $85,000 | -48.5% | 0.0% |
| RESIDENTIAL BANCORP. | $85,000 | n/a | 0.0% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,525,000 | $85,000 | -94.4% | 0.0% |
| SPRING EQ, LLC | $65,000 | $80,000 | 23.1% | 0.0% |
| AVADIAN | $1,180,000 | $75,000 | -93.6% | 0.0% |
| Consumer First Mortgage, Inc. | $800,000 | $75,000 | -90.6% | 0.0% |
| LEGACY COMMUNITY FEDERAL CREDIT UNION | $75,000 | n/a | 0.0% | |
| LENDINGHOME FUNDING CORPORATION | $75,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $310,000 | $65,000 | -79.0% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $55,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $55,000 | n/a | 0.0% | |
| West Alabama Bank & Trust | $250,000 | $55,000 | -78.0% | 0.0% |
| Discover Bank | $35,000 | n/a | 0.0% |
Jasper's top lender by overall market share is Synovus Bank, with 7.2% market share. In second place, with 6.2%, is QUICKEN LOANS, LLC, having originated $11,310,000 in loans. In third place, with 6.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $11,215,000 in loans. In fourth place, with 5.4%, is GUILD MORTGAGE COMPANY, having originated $9,895,000 in loans. In fifth place, with 5.2%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $9,415,000 in loans.
Jasper, AL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 671 | $123,885,000 | $184,627 |
| Cash Out Refi | 185 | $29,195,000 | $157,811 |
| Refi | 115 | $20,185,000 | $175,522 |
| Other | 69 | $6,145,000 | $89,058 |
| Home Improvement | 41 | $2,635,000 | $64,268 |
Jasper's most frequently cited loan purpose was Home Purchase, with 671 originations. The 2nd most popular reason was Cash Out Refi, with 185 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 242 | $43,930,000 | $181,529 |
| 4-5% | 217 | $38,255,000 | $176,290 |
| 3-4% | 209 | $38,365,000 | $183,565 |
| 6-7% | 129 | $18,645,000 | $144,535 |
| Over 8% | 109 | $10,145,000 | $93,073 |
| 2.5-3% | 60 | $11,480,000 | $191,333 |
| 7-8% | 57 | $6,495,000 | $113,947 |
| <2.5% | 29 | $4,475,000 | $154,310 |
During 2022, Jasper's most frequently originated rate bucket was 5-6%, with 242 originations.
Loan Sizing (Jasper, AL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 447 | $64,995,000 | $145,403 |
| $100,000 or less | 350 | $22,060,000 | $63,029 |
| $200k-400k | 237 | $63,655,000 | $268,586 |
| $400k-600k | 31 | $14,455,000 | $466,290 |
| $600k-1000k | 13 | $9,585,000 | $737,308 |
| $Over $1MM | 3 | $7,295,000 | $2,431,667 |
Jasper's loan sizing saw the bucket of loans from $100k-200k with 447 originations, totaling $64,995,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 563 | $100,785,000 | $179,014 |
| 60-80% | 229 | $42,065,000 | $183,690 |
| 40-60% | 88 | $11,890,000 | $135,114 |
| 20-40% | 76 | $6,380,000 | $83,947 |
| Under 20% | 46 | $1,530,000 | $33,261 |
| Over 100% | 23 | $4,105,000 | $178,478 |
Jasper's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 563 originations, totaling $100,785,000 in origination value.