Kinston Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Kinston averaged
6.97%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
7.07% and
one month ago for the week of 2025-05-29, the
average rate was 7.09%.
Kinston's average rate one year ago was 6.76%.
For refis of the same type during the week of 2025-07-03, the average rate
was 6.67%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Kinston 30 Year Fixed Rate | 2025-07-03 | 6.97% |
| Kinston 30 Year Fixed Rate Refi | 2025-07-03 | 6.67% |
| Kinston 15 Year Fixed Rate | 2025-07-03 | 5.8% |
| Kinston 15 Year Fixed Rate Refi | 2025-07-03 | 6.2% |
| Kinston 30 Year FHA | 2025-07-03 | -0.12% |
| Kinston 30 Year FHA Refi | 2025-07-03 | 0.2% |
| Kinston 30 Year USDA | 2025-07-03 | 0.1% |
| Kinston 30 Year USDA Refi | 2025-07-03 | -0.1% |
| Kinston 30 Year VA | 2025-07-03 | 0.06% |
| Kinston 30 Year VA Refi | 2025-07-03 | 0.2% |
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.).
Kinston Average Closing Costs & Other Stats
Kinston, NC's 48 lenders originated 843
loans during 2024. The total origination value was $136,845,000, with an average loan value of
$162,331.
Kinston's average closing costs are $4,936.
The top Kinston lender as defined by loan originations is STATE EMPLOYEES', with
38 loans originated. Their average total fees are
$3,881, which is $1,987
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Kinston lenders (with over 10 loans originated) are
STATE EMPLOYEES' ($3,881), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($5,853), QUICKEN LOANS, LLC ($5,868), .
The lowest rate Kinston lenders (with over 10 loans originated) are
STATE EMPLOYEES' (6.43%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.56%), QUICKEN LOANS, LLC (6.85%), .
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| STATE EMPLOYEES' | $19,190,000 | $14,790,000 | -22.9% | 10.8% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $7,810,000 | $10,590,000 | 35.6% | 7.7% |
| QUICKEN LOANS, LLC | $5,530,000 | $9,915,000 | 79.3% | 7.2% |
| Mortgage Research Center, LLC | $6,090,000 | $7,030,000 | 15.4% | 5.1% |
| MOVEMENT MORTGAGE, LLC | $4,695,000 | $6,450,000 | 37.4% | 4.7% |
| DHI MORTGAGE COMPANY, LTD. | $3,785,000 | $6,380,000 | 68.6% | 4.7% |
| Southern Bank and Trust Company | $7,630,000 | $5,510,000 | -27.8% | 4.0% |
| Truist | $5,280,000 | $4,520,000 | -14.4% | 3.3% |
| MICHIGAN MUTUAL, INC. | $1,025,000 | $3,735,000 | 264.4% | 2.7% |
| First-Citizens Bank & Trust Company | $5,310,000 | $3,630,000 | -31.6% | 2.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,280,000 | $3,495,000 | 53.3% | 2.6% |
| AMERICAN FINANCIAL RESOURCES, INC. | $445,000 | $2,455,000 | 451.7% | 1.8% |
| FBC MORTGAGE, LLC | $2,615,000 | $2,400,000 | -8.2% | 1.8% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,325,000 | $2,185,000 | 64.9% | 1.6% |
| PENNYMAC LOAN SERVICES, LLC | $410,000 | $1,990,000 | 385.4% | 1.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,500,000 | $1,975,000 | 31.7% | 1.4% |
| JPMorgan Chase Bank | $340,000 | $1,935,000 | 469.1% | 1.4% |
| Alcova Mortgage LLC | $570,000 | $1,820,000 | 219.3% | 1.3% |
| NAVY FEDERAL CREDIT UNION | $2,790,000 | $1,780,000 | -36.2% | 1.3% |
| GUARANTEED RATE, INC. | $670,000 | $1,550,000 | 131.3% | 1.1% |
| 21ST MORTGAGE CORPORATION | $1,695,000 | $1,515,000 | -10.6% | 1.1% |
| FREEDOM MORTGAGE CORPORATION | $535,000 | $1,385,000 | 158.9% | 1.0% |
| American Security Mortgage Corp. | $1,830,000 | $1,370,000 | -25.1% | 1.0% |
| LOANDEPOT.COM, LLC | $1,285,000 | $1,255,000 | -2.3% | 0.9% |
| CORNERSTONE HOME LENDING, INC. | $2,230,000 | $1,245,000 | -44.2% | 0.9% |
| First National Bank of Pennsylvania | $1,805,000 | $1,245,000 | -31.0% | 0.9% |
| BROKER SOLUTIONS, INC. | $710,000 | $1,145,000 | 61.3% | 0.8% |
| INTERCOASTAL MORTGAGE COMPANY | $740,000 | $1,110,000 | 50.0% | 0.8% |
| Wells Fargo Bank | $2,475,000 | $1,090,000 | -56.0% | 0.8% |
| UNION HOME MORTGAGE CORP. | $1,070,000 | n/a | 0.8% | |
| NFM, INC. | $190,000 | $960,000 | 405.3% | 0.7% |
| GUILD MORTGAGE COMPANY | $1,585,000 | $915,000 | -42.3% | 0.7% |
| VILLAGE CAPITAL MORTGAGE | $1,280,000 | $880,000 | -31.3% | 0.6% |
| AgCarolina Farm Credit, FLCA | $305,000 | $800,000 | 162.3% | 0.6% |
| SeaTrust Mortgage Company | $770,000 | n/a | 0.6% | |
| PNC Bank | $865,000 | $735,000 | -15.0% | 0.5% |
| NEWREZ LLC | $545,000 | $700,000 | 28.4% | 0.5% |
| SUCCESS MORTGAGE PARTNERS, INC. | $785,000 | $700,000 | -10.8% | 0.5% |
| AMERICAN FINANCING CORPORATION | $690,000 | n/a | 0.5% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $295,000 | $650,000 | 120.3% | 0.5% |
| NEW DAY FINANCIAL, LLC | $185,000 | $645,000 | 248.6% | 0.5% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $2,345,000 | $600,000 | -74.4% | 0.4% |
| BMO Harris Bank | $575,000 | n/a | 0.4% | |
| LAKEVIEW LOAN SERVICING, LLC | $570,000 | n/a | 0.4% | |
| Home Mortgage Alliance Corp | $565,000 | n/a | 0.4% | |
| CMG MORTGAGE, INC. | $1,020,000 | $535,000 | -47.5% | 0.4% |
| DEEPHAVEN MORTGAGE LLC | $105,000 | $535,000 | 409.5% | 0.4% |
| LIMA ONE CAPITAL, LLC | $180,000 | $530,000 | 194.4% | 0.4% |
| Towne Bank | $240,000 | $525,000 | 118.8% | 0.4% |
| PLANET HOME LENDING, LLC | $510,000 | n/a | 0.4% | |
| United Bank | $1,845,000 | $480,000 | -74.0% | 0.4% |
| Paramount Residential Mortgage Group, Inc. | $460,000 | n/a | 0.3% | |
| PLAZA HOME MORTGAGE, INC. | $445,000 | n/a | 0.3% | |
| T2 FINANCIAL LLC | $370,000 | $440,000 | 18.9% | 0.3% |
| Coastal Carolina National Bank | $435,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $330,000 | $425,000 | 28.8% | 0.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $440,000 | $425,000 | -3.4% | 0.3% |
| Fifth Third Bank | $405,000 | n/a | 0.3% | |
| TIDEWATER MORTGAGE SERVICES, INC. | $395,000 | n/a | 0.3% | |
| USAA Federal Savings Bank | $950,000 | $385,000 | -59.5% | 0.3% |
| Equity Prime Mortgage LLC | $145,000 | $380,000 | 162.1% | 0.3% |
| ZILLOW HOME LOANS, LLC | $370,000 | n/a | 0.3% | |
| SOUTHWEST STAGE FUNDING, LLC | $135,000 | $360,000 | 166.7% | 0.3% |
| CARDINAL FINANCIAL | $495,000 | $340,000 | -31.3% | 0.2% |
| The Loan Store, Inc. | $325,000 | n/a | 0.2% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $115,000 | $320,000 | 178.3% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $310,000 | n/a | 0.2% | |
| CALCON MUTUAL MORTGAGE LLC | $285,000 | n/a | 0.2% | |
| Gateway First Bank | $285,000 | n/a | 0.2% | |
| North American Savings Bank, F.S.B. | $285,000 | n/a | 0.2% | |
| Strong Home Mortgage, LLC | $285,000 | n/a | 0.2% | |
| TOWNE MORTGAGE COMPANY | $225,000 | $285,000 | 26.7% | 0.2% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $265,000 | n/a | 0.2% | |
| LENDINGHOME FUNDING CORPORATION | $375,000 | $260,000 | -30.7% | 0.2% |
| SUN WEST MORTGAGE COMPANY, INC. | $325,000 | $255,000 | -21.5% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $610,000 | $250,000 | -59.0% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $65,000 | $245,000 | 276.9% | 0.2% |
| Armed Forces Bank | $385,000 | $235,000 | -39.0% | 0.2% |
| Carrington Mortgage Services, LLC | $145,000 | $230,000 | 58.6% | 0.2% |
| Flagstar Bank, FSB | $295,000 | $225,000 | -23.7% | 0.2% |
| INTERCAP LENDING INC. | $225,000 | n/a | 0.2% | |
| MILEND, INC. | $225,000 | n/a | 0.2% | |
| The Central Trust Bank | $225,000 | n/a | 0.2% | |
| Northwest Federal Credit Union | $190,000 | $215,000 | 13.2% | 0.2% |
| United Community Bank | $215,000 | n/a | 0.2% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,085,000 | $210,000 | -80.6% | 0.2% |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | $205,000 | n/a | 0.1% | |
| EMM LOANS LLC | $1,095,000 | $205,000 | -81.3% | 0.1% |
| PREMIA MORTGAGE, LLC | $480,000 | $205,000 | -57.3% | 0.1% |
| Integrity Home Mortgage Corp | $485,000 | $195,000 | -59.8% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $75,000 | $190,000 | 153.3% | 0.1% |
| Blue Ridge Bank | $185,000 | n/a | 0.1% | |
| Capital Bank | $185,000 | n/a | 0.1% | |
| LOANPAL, LLC | $185,000 | n/a | 0.1% | |
| RAPID MORTGAGE COMPANY | $175,000 | n/a | 0.1% | |
| Residential Acceptance Corporation | $165,000 | n/a | 0.1% | |
| CHARLOTTE METRO FEDERAL CREDIT UNION | $155,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $145,000 | $155,000 | 6.9% | 0.1% |
| RUOFF MORTGAGE COMPANY, INC. | $155,000 | n/a | 0.1% | |
| RESIDENTIAL BANCORP | $150,000 | n/a | 0.1% | |
| AMERITRUST MORTGAGE CORPORATION | $145,000 | n/a | 0.1% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $65,000 | $145,000 | 123.1% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $145,000 | n/a | 0.1% | |
| Bank of America | $520,000 | $140,000 | -73.1% | 0.1% |
| First National Bank of America | $135,000 | n/a | 0.1% | |
| Presidential Bank, FSB | $135,000 | n/a | 0.1% | |
| Secured Investment Corp. | $135,000 | n/a | 0.1% | |
| EQUITY RESOURCES, INC. | $135,000 | $130,000 | -3.7% | 0.1% |
| Northpointe Bank | $165,000 | $115,000 | -30.3% | 0.1% |
| Coastal Community Bank | $105,000 | n/a | 0.1% | |
| Hometown Equity Mortgage, LLC | $105,000 | n/a | 0.1% | |
| Mr. Cooper ( Nationstar Mortgage ) | $195,000 | $105,000 | -46.2% | 0.1% |
| M&T Bank | $105,000 | n/a | 0.1% | |
| TD Bank | $55,000 | n/a | 0.0% | |
| Atlantic Coast Mortgage, LLC | $45,000 | n/a | 0.0% | |
| Summit Credit Union | $45,000 | n/a | 0.0% | |
| LANGLEY | $25,000 | n/a | 0.0% | |
| NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION | $25,000 | n/a | 0.0% | |
| Truliant Federal Credit Union | $25,000 | $25,000 | 0.0% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $15,000 | n/a | 0.0% |
Kinston's top lender by overall market share is STATE EMPLOYEES', with 10.8% market share. In second place, with 7.7%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $10,590,000 in loans. In third place, with 7.2%, is QUICKEN LOANS, LLC, having originated $9,915,000 in loans. In fourth place, with 5.1%, is Mortgage Research Center, LLC, having originated $7,030,000 in loans. In fifth place, with 4.7%, is MOVEMENT MORTGAGE, LLC, having originated $6,450,000 in loans.
Kinston, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 521 | $99,095,000 | $190,202 |
| Refi | 105 | $16,615,000 | $158,238 |
| Cash Out Refi | 80 | $11,470,000 | $143,375 |
| Home Improvement | 71 | $4,435,000 | $62,465 |
| Other | 66 | $5,230,000 | $79,242 |
Kinston's most frequently cited loan purpose was Home Purchase, with 521 originations. The 2nd most popular reason was Refi, with 105 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 329 | $63,195,000 | $192,082 |
| 7-8% | 214 | $27,170,000 | $126,963 |
| 5-6% | 134 | $26,950,000 | $201,119 |
| Over 8% | 113 | $12,695,000 | $112,345 |
| <2.5% | 25 | $375,000 | $15,000 |
| 4-5% | 22 | $5,320,000 | $241,818 |
| 3-4% | 5 | $1,095,000 | $219,000 |
During 2024, Kinston's most frequently originated rate bucket was 6-7%, with 329 originations.
Loan Sizing (Kinston, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 315 | $47,305,000 | $150,175 |
| $100,000 or less | 257 | $14,115,000 | $54,922 |
| $200k-400k | 252 | $65,980,000 | $261,825 |
| $400k-600k | 17 | $8,115,000 | $477,353 |
| $600k-1000k | 2 | $1,330,000 | $665,000 |
Kinston's loan sizing saw the bucket of loans from $100k-200k with 315 originations, totaling $47,305,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 400 | $83,750,000 | $209,375 |
| 60-80% | 138 | $23,290,000 | $168,768 |
| 20-40% | 93 | $6,305,000 | $67,796 |
| Under 20% | 86 | $2,470,000 | $28,721 |
| 40-60% | 76 | $9,350,000 | $123,026 |
| Over 100% | 35 | $8,545,000 | $244,143 |
Kinston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 400 originations, totaling $83,750,000 in origination value.