Jasper Mortgage Rates & Closing Costs

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

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%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Synovus Bank 32 5.11% $4,018
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 29 4.57% $4,387
QUICKEN LOANS, LLC 26 4.78% $5,421
UNITED WHOLESALE MORTGAGE, LLC 24 4.85% $4,907
GUILD MORTGAGE COMPANY 21 4.80% $6,575
APCO EMPLOYEES 11 4.41% $3,129
LOANDEPOT.COM, LLC 8 4.39% $5,962
FIRST COMMUNITY MORTGAGE, INC. 8 4.20% $5,834
Hometown Lenders, Inc. 8 5.02% $5,112
Wells Fargo Bank 8 4.39% $2,844
Regions Bank 8 5.17% $3,487
SouthPoint Bank 7 4.84% $4,560
AMERICA'S FIRST 6 4.02% $5,998
Truist 6 5.20% $3,093
MOVEMENT MORTGAGE, LLC 5 5.25% $5,396
Bank of England 5 5.00% $4,044
FirstBank 5 4.97% $3,506
CALIBER HOME LOANS, INC. 5 4.61% $4,364
Trustmark National Bank 4 5.50% $4,396
Mr. Cooper ( Nationstar Mortgage ) 4 4.78% $11,035
CIS Financial Services, Inc. 4 6.47% $6,449
BROKER SOLUTIONS, INC. 3 5.20% $7,366
21ST MORTGAGE CORPORATION 3 7.40% $4,790
EVERETT FINANCIAL, INC. 3 4.08% $1,883
First Federal Bank, A FSB 3 5.29% $4,330
Gateway First Bank 3 5.75% $3,619
GUARANTY HOME MORTGAGE CORPORATION 3 4.83% $3,940
HOME POINT FINANCIAL CORPORATION 2 5.13% $7,940
MUTUAL OF OMAHA MORTGAGE, INC. 2 5.06% $4,669
ALABAMA CREDIT UNION 2 4.63% $4,148
LEADERONE FINANCIAL CORPORATION 2 5.44% $7,745
Bank of America 2 4.75% $10,319
VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.00% $3,890
REDSTONE Federal Credit Union 2 5.56% $3,109
THE MORTGAGE FIRM, INC. 2 4.49% $3,201
TJC Mortgage, Inc. 2 5.00% $5,119
Prosperity Home Mortgage, LLC 2 4.63% $2,803
UNION HOME MORTGAGE CORP. 2 5.94% $4,686
Renasant Bank 2 5.38% $3,110
NEWREZ LLC 2 4.56% $4,925
BancorpSouth 2 5.44% $3,337
NAVY FEDERAL CREDIT UNION 1 3.75% $2,596
ALABAMA TEACHERS 1 3.25% $3,495
AlaTrust Credit Union 1 4.24% $2,614
Ameris Bank 1 6.88% $2,736
Assurance Financial Group, L.L.C. 1 6.50% $12,696
BankFirst Financial Services 1 5.63% $3,442
BEST CAPITAL FUNDING 1 4.88% $11,974
Blue Ridge Bank 1 4.38% $4,229
Bryant Bank 1 5.88% $5,613
Carrington Mortgage Services, LLC 1 5.13% $5,640
CHURCHILL MORTGAGE CORPORATION 1 6.13% $10,339
Community Bank of Mississippi 1 6.29% $13,865
CORNERSTONE HOME LENDING, INC. 1 5.38% $5,827
Flagstar Bank, FSB 1 5.88% $4,924
FREEDOM MORTGAGE CORPORATION 1 4.75% $5,989
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.00% $3,773
JPMorgan Chase Bank 1 5.99% $2,929
KeyBank 1 4.00% $18,809
Listerhill Credit Union 1 4.00% $2,104
Morgan Stanley Private Bank 1 5.90% $2,524
M&T Bank 1 3.75% $6,703
Northpointe Bank 1 5.13% $14,009
PENNYMAC LOAN SERVICES, LLC 1 5.75% $7,430
PNC Bank 1 5.38% $3,795
SeaTrust Mortgage Company 1 6.25% $2,888
SECURITYNATIONAL MORTGAGE COMPANY 1 4.50% $4,200
ServisFirst Bank 1 3.50% $3,956
SUN WEST MORTGAGE COMPANY, INC. 1 2.75% $2,274
The Central Trust Bank 1 2.87% $1,936
USAA Federal Savings Bank 1 5.38% $6,735
U.S. Bank 1 3.13% $3,895

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.