Kinston Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Kinston averaged 6.28% for the week of 2024-10-10, compared to the national average of 6.32% for the same period.

The average rate for the prior week (2024-10-03) was 5.98% and one month ago for the week of 2024-09-05, the average rate was 6.31%.

Kinston's average rate one year ago was 7.15%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.62%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Kinston 30 Year Fixed Rate 2024-10-10 6.28%
Kinston 30 Year Fixed Rate Refi 2024-10-10 6.62%
Kinston 15 Year Fixed Rate 2024-10-10 5.61%
Kinston 15 Year Fixed Rate Refi 2024-10-10 5.61%
Kinston 30 Year FHA 2024-10-10 6.16%
Kinston 30 Year FHA Refi 2024-10-10 6.4%
Kinston 30 Year USDA 2024-10-10 6.18%
Kinston 30 Year USDA Refi 2024-10-10 5.98%
Kinston 30 Year VA 2024-10-10 5.44%
Kinston 30 Year VA Refi 2024-10-10 5.75%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Kinston, NC.

Kinston 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 Kinston, NC 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
STATE EMPLOYEES' 54 6.08% $3,824
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 19 6.73% $5,257
QUICKEN LOANS, LLC 11 7.04% $5,332
Truist 11 6.24% $4,593
LOCAL GOVERNMENT FEDERAL CREDIT UNION 11 6.06% $3,427
MOVEMENT MORTGAGE, LLC 8 7.11% $5,914
Wells Fargo Bank 7 7.04% $3,473
MICHIGAN MUTUAL, INC. 4 6.22% $4,982
NAVY FEDERAL CREDIT UNION 4 7.84% $3,036
First-Citizens Bank & Trust Company 4 6.28% $4,430
DHI MORTGAGE COMPANY, LTD. 4 5.59% $2,685
COASTAL Federal Credit Union 3 6.71% $3,781
Southern Bank and Trust Company 3 6.71% $4,942
INSPIRE HOME LOANS INC. 3 6.21% $4,586
FBC MORTGAGE, LLC 3 6.29% $3,745
VANDERBILT MORTGAGE AND FINANCE, INC. 3 7.91% $6,926
ACADEMY MORTGAGE CORPORATION 3 5.58% $4,701
Alcova Mortgage LLC 2 6.06% $1,614
Mortgage Research Center, LLC 2 7.31% $6,709
CROSSCOUNTRY MORTGAGE, LLC 2 6.93% $8,074
Bank of England 2 6.94% $5,555
JPMorgan Chase Bank 2 7.13% $2,975
United Bank 2 6.50% $4,426
UNITED WHOLESALE MORTGAGE, LLC 2 6.36% $9,050
21ST MORTGAGE CORPORATION 2 8.86% $5,495
PHH Mortgage Corporation 2 6.19% $4,544
GoPrime Mortgage, Inc. 2 6.38% $5,092
GUARANTEED RATE, INC. 2 7.31% $4,234
American Security Mortgage Corp. 2 7.44% $4,312
First National Bank of Pennsylvania 2 6.31% $3,326
NEWREZ LLC 1 7.38% $5,623
Bank of America 1 6.75% $6,249
BRIGHTSTAR 1 7.50% $3,924
CORNERSTONE HOME LENDING, INC. 1 4.99% $14,747
DEEPHAVEN MORTGAGE LLC 1 7.63% $5,754
EMM LOANS LLC 1 5.88% $3,889
Equity Prime Mortgage LLC 1 7.25% $6,203
First Federal Savings and Loan Association of Lakewood 1 7.10% $3,319
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.75% $10,218
GUARANTY HOME MORTGAGE CORPORATION 1 6.00% $9,199
Integrity Home Mortgage Corp 1 6.50% $5,048
LATINO COMMUNITY CREDIT UNION 1 8.25% $5,302
LEGEND LENDING CORPORATION 1 7.38% $5,328
LOANDEPOT.COM, LLC 1 8.13% $3,825
MID AMERICA MORTGAGE, INC. 1 7.38% $4,058
Northpointe Bank 1 7.13% $5,471
Northwest Federal Credit Union 1 7.88% $5,875
ON Q FINANCIAL, INC. 1 7.49% $7,757
PNC Bank 1 7.75% $2,932
PREMIA MORTGAGE, LLC 1 6.13% $374
RADIUS FINANCIAL GROUP INC. 1 5.75% $3,215
Regions Bank 1 7.63% $4,704
ROYAL UNITED MORTGAGE LLC 1 6.38% $3,695
T2 FINANCIAL LLC 1 7.50% $3,933
Towne Bank 1 6.50% $6,431
Union Savings Bank 1 7.00% $1,638
USAA Federal Savings Bank 1 7.25% $10,517

Kinston Average Closing Costs & Other Stats

Kinston, NC's 57 lenders originated 858 loans during 2023. The total origination value was $131,370,000, with an average loan value of $153,112.

Kinston's average closing costs are $4,642.

The top Kinston lender as defined by loan originations is STATE EMPLOYEES', with 54 loans originated. Their average total fees are $3,824, which is $1,434 lower than the next largest lender, ATLANTIC BAY MORTGAGE GROUP, L.L.C..

The lowest fee Kinston lenders (with over 10 loans originated) are LOCAL GOVERNMENT FEDERAL CREDIT UNION ($3,427), STATE EMPLOYEES' ($3,824), Truist ($4,593), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($5,257) and QUICKEN LOANS, LLC ($5,332).

The lowest rate Kinston lenders (with over 10 loans originated) are LOCAL GOVERNMENT FEDERAL CREDIT UNION (6.06%), STATE EMPLOYEES' (6.08%), Truist (6.24%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.73%) and QUICKEN LOANS, LLC (7.04%).

Kinston, NC 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
STATE EMPLOYEES' $31,865,000 $19,190,000 -39.8% 14.6%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $9,535,000 $7,810,000 -18.1% 5.9%
Southern Bank and Trust Company $3,790,000 $7,630,000 101.3% 5.8%
Mortgage Research Center, LLC $6,240,000 $6,090,000 -2.4% 4.6%
QUICKEN LOANS, LLC $6,455,000 $5,530,000 -14.3% 4.2%
First-Citizens Bank & Trust Company $6,700,000 $5,310,000 -20.7% 4.0%
Truist $5,880,000 $5,280,000 -10.2% 4.0%
MOVEMENT MORTGAGE, LLC $5,670,000 $4,695,000 -17.2% 3.6%
INSPIRE HOME LOANS INC. $910,000 $4,590,000 404.4% 3.5%
DHI MORTGAGE COMPANY, LTD. $3,785,000 n/a 2.9%
NAVY FEDERAL CREDIT UNION $2,975,000 $2,790,000 -6.2% 2.1%
FBC MORTGAGE, LLC $2,615,000 n/a 2.0%
Wells Fargo Bank $3,405,000 $2,475,000 -27.3% 1.9%
LOCAL GOVERNMENT FEDERAL CREDIT UNION $3,435,000 $2,345,000 -31.7% 1.8%
UNITED WHOLESALE MORTGAGE, LLC $1,890,000 $2,280,000 20.6% 1.7%
CORNERSTONE HOME LENDING, INC. $2,425,000 $2,230,000 -8.0% 1.7%
ACADEMY MORTGAGE CORPORATION $1,575,000 $1,860,000 18.1% 1.4%
United Bank $1,255,000 $1,845,000 47.0% 1.4%
American Security Mortgage Corp. $730,000 $1,830,000 150.7% 1.4%
First National Bank of Pennsylvania $135,000 $1,805,000 1,237.0% 1.4%
21ST MORTGAGE CORPORATION $1,485,000 $1,695,000 14.1% 1.3%
GUILD MORTGAGE COMPANY $350,000 $1,585,000 352.9% 1.2%
CROSSCOUNTRY MORTGAGE, LLC $1,500,000 n/a 1.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,210,000 $1,325,000 9.5% 1.0%
LOANDEPOT.COM, LLC $2,170,000 $1,285,000 -40.8% 1.0%
VILLAGE CAPITAL MORTGAGE $290,000 $1,280,000 341.4% 1.0%
EMM LOANS LLC $1,250,000 $1,095,000 -12.4% 0.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $735,000 $1,085,000 47.6% 0.8%
MICHIGAN MUTUAL, INC. $155,000 $1,025,000 561.3% 0.8%
CMG MORTGAGE, INC. $570,000 $1,020,000 78.9% 0.8%
USAA Federal Savings Bank $950,000 $950,000 0.0% 0.7%
PNC Bank $2,135,000 $865,000 -59.5% 0.7%
SUCCESS MORTGAGE PARTNERS, INC. $480,000 $785,000 63.5% 0.6%
INTERCOASTAL MORTGAGE COMPANY $1,545,000 $740,000 -52.1% 0.6%
BROKER SOLUTIONS, INC. $1,060,000 $710,000 -33.0% 0.5%
GUARANTEED RATE, INC. $2,040,000 $670,000 -67.2% 0.5%
TRIAD FINANCIAL SERVICES, INC. $800,000 $610,000 -23.8% 0.5%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $585,000 n/a 0.4%
Alcova Mortgage LLC $1,205,000 $570,000 -52.7% 0.4%
COASTAL Federal Credit Union $685,000 $565,000 -17.5% 0.4%
NEWREZ LLC $155,000 $545,000 251.6% 0.4%
PHH Mortgage Corporation $55,000 $545,000 890.9% 0.4%
FREEDOM MORTGAGE CORPORATION $1,270,000 $535,000 -57.9% 0.4%
Bank of America $345,000 $520,000 50.7% 0.4%
CARDINAL FINANCIAL $495,000 $495,000 0.0% 0.4%
Integrity Home Mortgage Corp $485,000 n/a 0.4%
PREMIA MORTGAGE, LLC $275,000 $480,000 74.5% 0.4%
American Mortgage & Equity Consultants, Inc. $475,000 n/a 0.4%
AMERICAN FINANCIAL RESOURCES, INC. $170,000 $445,000 161.8% 0.3%
PRIMARY RESIDENTIAL MORTGAGE, INC. $75,000 $440,000 486.7% 0.3%
Bank of England $425,000 n/a 0.3%
PENNYMAC LOAN SERVICES, LLC $1,715,000 $410,000 -76.1% 0.3%
Regions Bank $155,000 $390,000 151.6% 0.3%
Armed Forces Bank $385,000 n/a 0.3%
LENDINGHOME FUNDING CORPORATION $270,000 $375,000 38.9% 0.3%
T2 FINANCIAL LLC $135,000 $370,000 174.1% 0.3%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $370,000 $355,000 -4.1% 0.3%
Ameris Bank $445,000 $350,000 -21.3% 0.3%
ROSS MORTGAGE CORPORATION $345,000 n/a 0.3%
JPMorgan Chase Bank $365,000 $340,000 -6.8% 0.3%
U.S. Bank $340,000 n/a 0.3%
AMERISAVE MORTGAGE CORPORATION $1,110,000 $330,000 -70.3% 0.3%
LATINO COMMUNITY CREDIT UNION $155,000 $325,000 109.7% 0.2%
SUN WEST MORTGAGE COMPANY, INC. $405,000 $325,000 -19.8% 0.2%
AgCarolina Farm Credit, FLCA $500,000 $305,000 -39.0% 0.2%
Flagstar Bank, FSB $250,000 $295,000 18.0% 0.2%
GSF Mortgage Corporation $295,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $75,000 $295,000 293.3% 0.2%
GoPrime Mortgage, Inc. $125,000 $290,000 132.0% 0.2%
First Community Bank of East Tennessee $255,000 n/a 0.2%
Towne Bank $1,130,000 $240,000 -78.8% 0.2%
Prosperity Home Mortgage, LLC $225,000 n/a 0.2%
TOWNE MORTGAGE COMPANY $225,000 n/a 0.2%
BETTER MORTGAGE CORPORATION $305,000 $215,000 -29.5% 0.2%
JUSTICE Federal Credit Union $205,000 n/a 0.2%
Bell Bank $195,000 n/a 0.1%
Mr. Cooper ( Nationstar Mortgage ) $1,100,000 $195,000 -82.3% 0.1%
FIRST FLIGHT FEDERAL CREDIT UNION $105,000 $190,000 81.0% 0.1%
NFM, INC. $190,000 n/a 0.1%
Northwest Federal Credit Union $190,000 n/a 0.1%
NEW DAY FINANCIAL, LLC $1,250,000 $185,000 -85.2% 0.1%
LIMA ONE CAPITAL, LLC $690,000 $180,000 -73.9% 0.1%
BRIGHTSTAR $175,000 n/a 0.1%
ON Q FINANCIAL, INC. $290,000 $175,000 -39.7% 0.1%
KS Bank, Inc. $165,000 n/a 0.1%
Northpointe Bank $165,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $330,000 $155,000 -53.0% 0.1%
Barrington Bank & Trust Company, N.A. $145,000 n/a 0.1%
Carrington Mortgage Services, LLC $155,000 $145,000 -6.5% 0.1%
DAS Acquisition Company, LLC $145,000 n/a 0.1%
Equity Prime Mortgage LLC $145,000 n/a 0.1%
Mid-Continent Funding, Inc. $125,000 $145,000 16.0% 0.1%
SOUTHPOINT FINANCIAL SERVICES, INC. $145,000 n/a 0.1%
EQUITY RESOURCES, INC. $270,000 $135,000 -50.0% 0.1%
GUARANTY HOME MORTGAGE CORPORATION $135,000 n/a 0.1%
Nations Lending Corporation $115,000 $135,000 17.4% 0.1%
SOUTHWEST STAGE FUNDING, LLC $720,000 $135,000 -81.3% 0.1%
CONTOUR MORTGAGE CORPORATION $185,000 $115,000 -37.8% 0.1%
Evolve Bank & Trust $115,000 n/a 0.1%
First Federal Savings and Loan Association of Lakewood $115,000 n/a 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $270,000 $115,000 -57.4% 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $110,000 n/a 0.1%
CITY FIRST MORTGAGE SERVICES, L.L.C. $105,000 n/a 0.1%
DEEPHAVEN MORTGAGE LLC $105,000 n/a 0.1%
RADIUS FINANCIAL GROUP INC. $105,000 n/a 0.1%
Union Savings Bank $105,000 n/a 0.1%
Coastal Bank & Trust $85,000 n/a 0.1%
CSL Financial, LLC $85,000 n/a 0.1%
First Bank $65,000 $85,000 30.8% 0.1%
Third Federal Savings and Loan Association of Cleveland $85,000 n/a 0.1%
Deere Employees Credit Union $75,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $75,000 n/a 0.1%
BAYSHORE MORTGAGE FUNDING, LLC $65,000 n/a 0.0%
Figure Lending LLC $70,000 $65,000 -7.1% 0.0%
LEGEND LENDING CORPORATION $65,000 n/a 0.0%
MID AMERICA MORTGAGE, INC. $65,000 n/a 0.0%
ROYAL UNITED MORTGAGE LLC $220,000 $65,000 -70.5% 0.0%
SPRING EQ, LLC $65,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $35,000 n/a 0.0%
Truliant Federal Credit Union $15,000 $25,000 66.7% 0.0%
CORNING $15,000 n/a 0.0%

Kinston's top lender by overall market share is STATE EMPLOYEES', with 14.6% market share. In second place, with 5.9%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $7,810,000 in loans. In third place, with 5.8%, is Southern Bank and Trust Company, having originated $7,630,000 in loans. In fourth place, with 4.6%, is Mortgage Research Center, LLC, having originated $6,090,000 in loans. In fifth place, with 4.2%, is QUICKEN LOANS, LLC, having originated $5,530,000 in loans.

Kinston, NC Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 545 $99,635,000 $182,817
Refi 86 $10,060,000 $116,977
Home Improvement 81 $5,265,000 $65,000
Other 79 $5,895,000 $74,620
Cash Out Refi 67 $10,515,000 $156,940

Kinston's most frequently cited loan purpose was Home Purchase, with 545 originations. The 2nd most popular reason was Refi, with 86 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 266 $48,840,000 $183,609
7-8% 214 $29,640,000 $138,505
5-6% 186 $35,660,000 $191,720
Over 8% 90 $9,510,000 $105,667
4-5% 63 $6,155,000 $97,698
<2.5% 25 $385,000 $15,400
3-4% 3 $145,000 $48,333

During 2023, Kinston's most frequently originated rate bucket was 6-7%, with 266 originations.

Loan Sizing (Kinston, NC MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 319 $47,325,000 $148,354
$100,000 or less 298 $16,420,000 $55,101
$200k-400k 220 $57,010,000 $259,136
$400k-600k 17 $8,045,000 $473,235
$600k-1000k 4 $2,570,000 $642,500

Kinston's loan sizing saw the bucket of loans from $100k-200k with 319 originations, totaling $47,325,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 404 $79,660,000 $197,178
60-80% 138 $23,570,000 $170,797
20-40% 103 $7,375,000 $71,602
Under 20% 85 $2,305,000 $27,118
40-60% 78 $8,140,000 $104,359
Over 100% 41 $9,335,000 $227,683

Kinston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 404 originations, totaling $79,660,000 in origination value.