Jasper Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Jasper averaged
7.09%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.82% and
one month ago for the week of 2023-02-09, the
average rate was 6.31%.
Jasper's average rate one year ago was 4.24%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.62%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Jasper 30 Year Fixed Rate | 2023-03-16 | 7.09% |
| Jasper 30 Year Fixed Rate Refi | 2023-03-16 | 6.62% |
| Jasper 15 Year Fixed Rate | 2023-03-16 | 7.19% |
| Jasper 15 Year Fixed Rate Refi | 2023-03-16 | 6.48% |
| Jasper 30 Year FHA | 2023-03-16 | 6.56% |
| Jasper 30 Year FHA Refi | 2023-03-16 | 6.31% |
| Jasper 30 Year USDA | 2023-03-16 | 6.73% |
| Jasper 30 Year USDA Refi | 2023-03-16 | 6.39% |
| Jasper 30 Year VA | 2023-03-16 | 6.54% |
| Jasper 30 Year VA Refi | 2023-03-16 | 6.01% |
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 77 lenders originated 1,447
loans during 2021. The total origination value was $232,875,000, with an average loan value of
$160,936.
Jasper's average closing costs are $4,571.
The top Jasper lender as defined by loan originations is QUICKEN LOANS, LLC, with
58 loans originated. Their average total fees are
$4,760, which is $780
higher than the next largest lender,
Synovus Bank.
The lowest fee Jasper lenders (with over 10 loans originated) are
Regions Bank ($2,291), Prosperity Home Mortgage, LLC ($2,968), Wells Fargo Bank ($3,324), SECURITYNATIONAL MORTGAGE COMPANY ($3,410) and UNITED WHOLESALE MORTGAGE, LLC ($3,791).
The lowest rate Jasper lenders (with over 10 loans originated) are
AMERISAVE MORTGAGE CORPORATION (2.94%), UNITED WHOLESALE MORTGAGE, LLC (2.97%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (3.02%), LOANDEPOT.COM, LLC (3.02%) and Synovus Bank (3.09%).
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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $16,320,000 | $23,665,000 | 45.0% | 10.2% |
| Synovus Bank | $26,185,000 | $19,425,000 | -25.8% | 8.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $7,490,000 | $16,250,000 | 117.0% | 7.0% |
| GUILD MORTGAGE COMPANY | $11,390,000 | $13,100,000 | 15.0% | 5.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $11,945,000 | $12,005,000 | 0.5% | 5.2% |
| Hometown Lenders, Inc. | $7,170,000 | $9,240,000 | 28.9% | 4.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $9,275,000 | $7,400,000 | -20.2% | 3.2% |
| Regions Bank | $8,915,000 | $7,090,000 | -20.5% | 3.0% |
| Wells Fargo Bank | $2,805,000 | $5,035,000 | 79.5% | 2.2% |
| Prosperity Home Mortgage, LLC | $5,450,000 | $4,785,000 | -12.2% | 2.1% |
| APCO EMPLOYEES | $9,475,000 | $4,755,000 | -49.8% | 2.0% |
| COREVEST AMERICAN FINANCE LENDER LLC | $4,685,000 | n/a | 2.0% | |
| LOANDEPOT.COM, LLC | $2,845,000 | $4,525,000 | 59.1% | 1.9% |
| FREEDOM MORTGAGE CORPORATION | $4,635,000 | $4,335,000 | -6.5% | 1.9% |
| BBVA USA | $4,330,000 | $3,305,000 | -23.7% | 1.4% |
| AMERISAVE MORTGAGE CORPORATION | $1,835,000 | $3,170,000 | 72.8% | 1.4% |
| SouthPoint Bank | $1,335,000 | $3,160,000 | 136.7% | 1.4% |
| FirstBank | $2,890,000 | $3,135,000 | 8.5% | 1.3% |
| Renasant Bank | $3,500,000 | $3,020,000 | -13.7% | 1.3% |
| 21ST MORTGAGE CORPORATION | $3,495,000 | $2,965,000 | -15.2% | 1.3% |
| Traditions Bank | $490,000 | $2,740,000 | 459.2% | 1.2% |
| PENNYMAC LOAN SERVICES, LLC | $800,000 | $2,560,000 | 220.0% | 1.1% |
| TRIAD FINANCIAL SERVICES, INC. | $295,000 | $2,335,000 | 691.5% | 1.0% |
| HOME POINT FINANCIAL CORPORATION | $3,870,000 | $2,325,000 | -39.9% | 1.0% |
| CALIBER HOME LOANS, INC. | $1,215,000 | $2,260,000 | 86.0% | 1.0% |
| Mortgage Research Center, LLC | $2,425,000 | $2,215,000 | -8.7% | 1.0% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,675,000 | $2,205,000 | -40.0% | 0.9% |
| LAKEVIEW LOAN SERVICING, LLC | $85,000 | $2,060,000 | 2,323.5% | 0.9% |
| INTERLINC MORTGAGE SERVICES, LLC | $1,130,000 | $1,730,000 | 53.1% | 0.7% |
| GoPrime Mortgage, Inc. | $1,950,000 | $1,585,000 | -18.7% | 0.7% |
| GMFS LLC | $315,000 | $1,530,000 | 385.7% | 0.7% |
| SECURITYNATIONAL MORTGAGE COMPANY | $290,000 | $1,525,000 | 425.9% | 0.7% |
| AlaTrust Credit Union | $550,000 | $1,445,000 | 162.7% | 0.6% |
| LEADERONE FINANCIAL CORPORATION | $935,000 | $1,410,000 | 50.8% | 0.6% |
| BankFirst Financial Services | $1,320,000 | $1,360,000 | 3.0% | 0.6% |
| Trustmark National Bank | $340,000 | $1,315,000 | 286.8% | 0.6% |
| FIRST COMMUNITY MORTGAGE, INC. | $470,000 | $1,235,000 | 162.8% | 0.5% |
| Truist Bank | $2,470,000 | $1,215,000 | -50.8% | 0.5% |
| Gateway First Bank | $715,000 | $1,185,000 | 65.7% | 0.5% |
| AVADIAN | $1,180,000 | $1,180,000 | 0.0% | 0.5% |
| MOVEMENT MORTGAGE, LLC | $1,400,000 | $1,165,000 | -16.8% | 0.5% |
| South State Bank | $75,000 | $1,145,000 | 1,426.7% | 0.5% |
| CIS Financial Services, Inc. | $705,000 | $1,135,000 | 61.0% | 0.5% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $930,000 | $1,050,000 | 12.9% | 0.5% |
| Ameris Bank | $340,000 | $1,035,000 | 204.4% | 0.4% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $65,000 | $1,025,000 | 1,476.9% | 0.4% |
| Citizens Bank | $460,000 | $1,005,000 | 118.5% | 0.4% |
| First Federal Bank, A FSB | $1,815,000 | $970,000 | -46.6% | 0.4% |
| Bank of England | $950,000 | n/a | 0.4% | |
| TJC Mortgage, Inc. | $1,365,000 | $940,000 | -31.1% | 0.4% |
| NEW DAY FINANCIAL, LLC | $550,000 | $900,000 | 63.6% | 0.4% |
| Citizens Bank | $460,000 | $895,000 | 94.6% | 0.4% |
| USAA Federal Savings Bank | $840,000 | $885,000 | 5.4% | 0.4% |
| KELLER MORTGAGE, LLC | $95,000 | $825,000 | 768.4% | 0.4% |
| Consumer First Mortgage, Inc. | $205,000 | $800,000 | 290.2% | 0.3% |
| Blue Ridge Bank | $500,000 | $780,000 | 56.0% | 0.3% |
| Carrington Mortgage Services, LLC | $920,000 | $780,000 | -15.2% | 0.3% |
| MORTGAGE INVESTORS GROUP, INC. | $95,000 | $780,000 | 721.1% | 0.3% |
| NEWREZ LLC | $705,000 | $735,000 | 4.3% | 0.3% |
| First National Bank | $390,000 | $725,000 | 85.9% | 0.3% |
| AMERIFIRST FINANCIAL CORPORATION | $715,000 | n/a | 0.3% | |
| JPMorgan Chase Bank | $920,000 | $685,000 | -25.5% | 0.3% |
| BancorpSouth Bank | $185,000 | $670,000 | 262.2% | 0.3% |
| Stifel Bank and Trust | $665,000 | n/a | 0.3% | |
| NAVY FEDERAL CREDIT UNION | $1,295,000 | $655,000 | -49.4% | 0.3% |
| REDSTONE Federal Credit Union | $605,000 | n/a | 0.3% | |
| EvaBank | $830,000 | $585,000 | -29.5% | 0.3% |
| AMERICA'S FIRST | $820,000 | $575,000 | -29.9% | 0.2% |
| Flagstar Bank, FSB | $560,000 | n/a | 0.2% | |
| PLANET HOME LENDING, LLC | $320,000 | $535,000 | 67.2% | 0.2% |
| VILLAGE CAPITAL & INVESTMENT LLC | $605,000 | $525,000 | -13.2% | 0.2% |
| Northpointe Bank | $350,000 | $515,000 | 47.1% | 0.2% |
| AMERICAN FINANCING CORPORATION | $75,000 | $470,000 | 526.7% | 0.2% |
| Hamilton Mortgage Corporation | $1,950,000 | $420,000 | -78.5% | 0.2% |
| BETTER MORTGAGE CORPORATION | $925,000 | $415,000 | -55.1% | 0.2% |
| PNC Bank | $620,000 | $415,000 | -33.1% | 0.2% |
| Raymond James Bank | $415,000 | n/a | 0.2% | |
| ACOPIA, LLC | $405,000 | n/a | 0.2% | |
| GUARANTY HOME MORTGAGE CORPORATION | $645,000 | $390,000 | -39.5% | 0.2% |
| Manufacturers and Traders Trust Company | $365,000 | n/a | 0.2% | |
| U.S. Bank | $180,000 | $365,000 | 102.8% | 0.2% |
| Assurance Financial Group, L.L.C. | $590,000 | $360,000 | -39.0% | 0.2% |
| InterContinental Capital Group, Inc | $355,000 | n/a | 0.2% | |
| ServisFirst Bank | $350,000 | n/a | 0.2% | |
| BROKER SOLUTIONS, INC. | $615,000 | $340,000 | -44.7% | 0.1% |
| AMERICAN ADVISORS GROUP | $95,000 | $330,000 | 247.4% | 0.1% |
| GUARANTEED RATE, INC. | $330,000 | n/a | 0.1% | |
| HUNT MORTGAGE CORPORATION | $330,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $640,000 | $320,000 | -50.0% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $505,000 | $310,000 | -38.6% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $310,000 | n/a | 0.1% | |
| Community Bank of Mississippi | $295,000 | n/a | 0.1% | |
| First South Farm Credit, ACA | $255,000 | $285,000 | 11.8% | 0.1% |
| MORTGAGE ACCESS CORP. | $145,000 | $285,000 | 96.6% | 0.1% |
| NP, Inc. | $285,000 | n/a | 0.1% | |
| ALABAMA CREDIT UNION | $110,000 | $275,000 | 150.0% | 0.1% |
| Eco Credit Union | $275,000 | n/a | 0.1% | |
| FBC MORTGAGE, LLC | $275,000 | n/a | 0.1% | |
| Bank of America | $270,000 | $250,000 | -7.4% | 0.1% |
| West Alabama Bank & Trust | $655,000 | $250,000 | -61.8% | 0.1% |
| Equity Prime Mortgage LLC | $245,000 | n/a | 0.1% | |
| Ally Bank | $145,000 | $240,000 | 65.5% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $800,000 | $235,000 | -70.6% | 0.1% |
| CERTAINTY HOME LOANS, LLC | $195,000 | $225,000 | 15.4% | 0.1% |
| First State Bank of St. Charles, Missouri | $225,000 | n/a | 0.1% | |
| HOMETRUST MORTGAGE COMPANY | $215,000 | n/a | 0.1% | |
| Simmons Bank | $215,000 | n/a | 0.1% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $210,000 | n/a | 0.1% | |
| Family Security Credit Union | $205,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $205,000 | n/a | 0.1% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $195,000 | n/a | 0.1% | |
| Nations Lending Corporation | $195,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $370,000 | $190,000 | -48.6% | 0.1% |
| LIMA ONE CAPITAL, LLC | $190,000 | n/a | 0.1% | |
| The Federal Savings Bank | $225,000 | $185,000 | -17.8% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $175,000 | n/a | 0.1% | |
| Fifth Third Bank | $175,000 | n/a | 0.1% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $570,000 | $175,000 | -69.3% | 0.1% |
| NBKC BANK | $255,000 | $175,000 | -31.4% | 0.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $530,000 | $165,000 | -68.9% | 0.1% |
| PANORAMA MORTGAGE GROUP, LLC | $165,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $220,000 | $155,000 | -29.5% | 0.1% |
| UNION HOME MORTGAGE CORP. | $245,000 | $155,000 | -36.7% | 0.1% |
| CB&S Bank, Inc. | $505,000 | $150,000 | -70.3% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $85,000 | $150,000 | 76.5% | 0.1% |
| First Guaranty Mortgage Corporation | $75,000 | $145,000 | 93.3% | 0.1% |
| ISERVE RESIDENTIAL LENDING, LLC | $195,000 | $145,000 | -25.6% | 0.1% |
| SOUTHWEST FUNDING, LP | $325,000 | $145,000 | -55.4% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $135,000 | n/a | 0.1% | |
| First Horizon Bank | $125,000 | n/a | 0.1% | |
| Triumph Bank | $125,000 | n/a | 0.1% | |
| Reliant Bank | $235,000 | $120,000 | -48.9% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $115,000 | n/a | 0.0% | |
| ASSEMBLIES OF GOD Credit Union | $105,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $105,000 | n/a | 0.0% | |
| Bell Bank | $95,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $45,000 | $95,000 | 111.1% | 0.0% |
| ATLANTA POSTAL | $75,000 | n/a | 0.0% | |
| DELMAR FINANCIAL COMPANY | $75,000 | n/a | 0.0% | |
| 1st Franklin Financial Corporation | $30,000 | $70,000 | 133.3% | 0.0% |
| First Financial Bank | $255,000 | $65,000 | -74.5% | 0.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $440,000 | $65,000 | -85.2% | 0.0% |
| Jefferson Credit Union | $65,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $65,000 | n/a | 0.0% | |
| Alabama One Credit Union | $255,000 | $55,000 | -78.4% | 0.0% |
| ALABAMA TEACHERS | $55,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| CSL Financial, LLC | $185,000 | $55,000 | -70.3% | 0.0% |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $55,000 | n/a | 0.0% | |
| Pinnacle Bank | $55,000 | n/a | 0.0% | |
| ACIPCO Federal Credit Union | $705,000 | $45,000 | -93.6% | 0.0% |
Jasper's top lender by overall market share is QUICKEN LOANS, LLC, with 10.2% market share. In second place, with 8.3%, is Synovus Bank, having originated $19,425,000 in loans. In third place, with 7.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $16,250,000 in loans. In fourth place, with 5.6%, is GUILD MORTGAGE COMPANY, having originated $13,100,000 in loans. In fifth place, with 5.2%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $12,005,000 in loans.
Jasper, AL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 802 | $133,440,000 | $166,384 |
| Refi | 382 | $62,470,000 | $163,534 |
| Cash Out Refi | 190 | $31,270,000 | $164,579 |
| Home Improvement | 42 | $3,090,000 | $73,571 |
| Other | 31 | $2,605,000 | $84,032 |
Jasper's most frequently cited loan purpose was Home Purchase, with 802 originations. The 2nd most popular reason was Refi, with 382 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 497 | $77,575,000 | $156,087 |
| 2.5-3% | 494 | $89,750,000 | $181,680 |
| <2.5% | 191 | $34,855,000 | $182,487 |
| Over 8% | 70 | $5,230,000 | $74,714 |
| 4-5% | 68 | $11,310,000 | $166,324 |
| 5-6% | 40 | $3,820,000 | $95,500 |
| 6-7% | 33 | $3,415,000 | $103,485 |
| 7-8% | 23 | $2,385,000 | $103,696 |
During 2021, Jasper's most frequently originated rate bucket was 3-4%, with 497 originations.
Loan Sizing (Jasper, AL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 616 | $88,510,000 | $143,685 |
| $100,000 or less | 447 | $30,205,000 | $67,573 |
| $200k-400k | 341 | $87,715,000 | $257,229 |
| $400k-600k | 34 | $15,930,000 | $468,529 |
| $600k-1000k | 8 | $5,830,000 | $728,750 |
| $Over $1MM | 1 | $4,685,000 | $4,685,000 |
Jasper's loan sizing saw the bucket of loans from $100k-200k with 616 originations, totaling $88,510,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 739 | $124,595,000 | $168,599 |
| 60-80% | 391 | $67,735,000 | $173,235 |
| 40-60% | 120 | $18,050,000 | $150,417 |
| 20-40% | 60 | $5,880,000 | $98,000 |
| Under 20% | 33 | $1,385,000 | $41,970 |
| Over 100% | 20 | $2,990,000 | $149,500 |
Jasper's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 739 originations, totaling $124,595,000 in origination value.