Kinston Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Kinston averaged
6.98%
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
7.21% and
one month ago for the week of 2023-02-09, the
average rate was 6.3%.
Kinston's average rate one year ago was 3.39%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.87%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Kinston 30 Year Fixed Rate | 2023-03-16 | 6.98% |
Kinston 30 Year Fixed Rate Refi | 2023-03-16 | 6.87% |
Kinston 15 Year Fixed Rate | 2023-03-16 | 6.35% |
Kinston 15 Year Fixed Rate Refi | 2023-03-16 | 6.71% |
Kinston 30 Year FHA | 2023-03-16 | 6.33% |
Kinston 30 Year FHA Refi | 2023-03-16 | 6.63% |
Kinston 30 Year USDA | 2023-03-16 | 6.25% |
Kinston 30 Year VA | 2023-03-16 | 6.48% |
Kinston 30 Year VA Refi | 2023-03-16 | 5.66% |
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 67 lenders originated 981
loans during 2022. The total origination value was $146,945,000, with an average loan value of
$149,791.
Kinston's average closing costs are $4,292.
The top Kinston lender as defined by loan originations is STATE EMPLOYEES', with
120 loans originated. Their average total fees are
$3,616, which is $853
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 ($3,225), First-Citizens Bank & Trust Company ($3,475), STATE EMPLOYEES' ($3,616), Wells Fargo Bank ($4,254) and ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($4,469).
The lowest rate Kinston lenders (with over 10 loans originated) are
STATE EMPLOYEES' (4.04%), LOCAL GOVERNMENT FEDERAL CREDIT UNION (4.11%), First-Citizens Bank & Trust Company (4.70%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (5.20%) and QUICKEN LOANS, LLC (5.34%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
STATE EMPLOYEES' | $31,750,000 | $31,865,000 | 0.4% | 21.7% |
ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $4,735,000 | $9,535,000 | 101.4% | 6.5% |
First-Citizens Bank & Trust Company | $6,075,000 | $6,700,000 | 10.3% | 4.6% |
QUICKEN LOANS, LLC | $11,700,000 | $6,455,000 | -44.8% | 4.4% |
Mortgage Research Center, LLC | $2,155,000 | $6,240,000 | 189.6% | 4.2% |
Truist | $11,370,000 | $5,880,000 | -48.3% | 4.0% |
MOVEMENT MORTGAGE, LLC | $7,590,000 | $5,670,000 | -25.3% | 3.9% |
Southern Bank and Trust Company | $3,920,000 | $3,790,000 | -3.3% | 2.6% |
LOCAL GOVERNMENT FEDERAL CREDIT UNION | $4,970,000 | $3,435,000 | -30.9% | 2.3% |
Wells Fargo Bank | $4,980,000 | $3,405,000 | -31.6% | 2.3% |
NAVY FEDERAL CREDIT UNION | $2,745,000 | $2,975,000 | 8.4% | 2.0% |
Hometown Lenders, Inc. | $2,880,000 | $2,555,000 | -11.3% | 1.7% |
CORNERSTONE HOME LENDING, INC. | $1,020,000 | $2,425,000 | 137.7% | 1.7% |
LOANDEPOT.COM, LLC | $635,000 | $2,170,000 | 241.7% | 1.5% |
PNC Bank | $2,710,000 | $2,135,000 | -21.2% | 1.5% |
GUARANTEED RATE, INC. | $715,000 | $2,040,000 | 185.3% | 1.4% |
UNITED WHOLESALE MORTGAGE, LLC | $1,275,000 | $1,890,000 | 48.2% | 1.3% |
PENNYMAC LOAN SERVICES, LLC | $805,000 | $1,715,000 | 113.0% | 1.2% |
ACADEMY MORTGAGE CORPORATION | $420,000 | $1,575,000 | 275.0% | 1.1% |
INTERCOASTAL MORTGAGE COMPANY | $550,000 | $1,545,000 | 180.9% | 1.1% |
21ST MORTGAGE CORPORATION | $1,510,000 | $1,485,000 | -1.7% | 1.0% |
FREEDOM MORTGAGE CORPORATION | $4,170,000 | $1,270,000 | -69.5% | 0.9% |
United Bank | $990,000 | $1,255,000 | 26.8% | 0.9% |
EMM LOANS LLC | $1,390,000 | $1,250,000 | -10.1% | 0.9% |
NEW DAY FINANCIAL, LLC | $745,000 | $1,250,000 | 67.8% | 0.9% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $325,000 | $1,210,000 | 272.3% | 0.8% |
Alcova Mortgage LLC | $1,450,000 | $1,205,000 | -16.9% | 0.8% |
Towne Bank | $1,130,000 | n/a | 0.8% | |
AMERISAVE MORTGAGE CORPORATION | $1,135,000 | $1,110,000 | -2.2% | 0.8% |
Mr. Cooper ( Nationstar Mortgage ) | $1,590,000 | $1,100,000 | -30.8% | 0.7% |
BROKER SOLUTIONS, INC. | $1,095,000 | $1,060,000 | -3.2% | 0.7% |
USAA Federal Savings Bank | $1,380,000 | $950,000 | -31.2% | 0.6% |
INSPIRE HOME LOANS INC. | $910,000 | n/a | 0.6% | |
UNION HOME MORTGAGE CORP. | $390,000 | $820,000 | 110.3% | 0.6% |
TRIAD FINANCIAL SERVICES, INC. | $560,000 | $800,000 | 42.9% | 0.5% |
CALIBER HOME LOANS, INC. | $2,130,000 | $780,000 | -63.4% | 0.5% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,405,000 | $735,000 | -47.7% | 0.5% |
American Security Mortgage Corp. | $905,000 | $730,000 | -19.3% | 0.5% |
SOUTHWEST STAGE FUNDING, LLC | $465,000 | $720,000 | 54.8% | 0.5% |
Southern First Bank | $705,000 | n/a | 0.5% | |
LIMA ONE CAPITAL, LLC | $690,000 | n/a | 0.5% | |
COASTAL Federal Credit Union | $595,000 | $685,000 | 15.1% | 0.5% |
ANGEL OAK HOME LOANS LLC | $480,000 | $675,000 | 40.6% | 0.5% |
CMG MORTGAGE, INC. | $360,000 | $570,000 | 58.3% | 0.4% |
AgCarolina Farm Credit, FLCA | $1,590,000 | $500,000 | -68.6% | 0.3% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,025,000 | $495,000 | -51.7% | 0.3% |
SUCCESS MORTGAGE PARTNERS, INC. | $480,000 | n/a | 0.3% | |
Peoples Bank | $475,000 | n/a | 0.3% | |
Ameris Bank | $1,250,000 | $445,000 | -64.4% | 0.3% |
FINANCE OF AMERICA MORTGAGE LLC | $75,000 | $440,000 | 486.7% | 0.3% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $440,000 | n/a | 0.3% | |
SUN WEST MORTGAGE COMPANY, INC. | $160,000 | $405,000 | 153.1% | 0.3% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $380,000 | n/a | 0.3% | |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $900,000 | $370,000 | -58.9% | 0.3% |
JPMorgan Chase Bank | $475,000 | $365,000 | -23.2% | 0.2% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $300,000 | $355,000 | 18.3% | 0.2% |
GUILD MORTGAGE COMPANY | $350,000 | n/a | 0.2% | |
Bank of America | $160,000 | $345,000 | 115.6% | 0.2% |
Towne Mortgage, LLC | $345,000 | n/a | 0.2% | |
Renasant Bank | $685,000 | $335,000 | -51.1% | 0.2% |
ABSOLUTE HOME MORTGAGE CORPORATION | $265,000 | $330,000 | 24.5% | 0.2% |
TOP FLITE FINANCIAL, INC. | $330,000 | n/a | 0.2% | |
BETTER MORTGAGE CORPORATION | $390,000 | $305,000 | -21.8% | 0.2% |
Wyndham Capital Mortgage, Inc. | $345,000 | $305,000 | -11.6% | 0.2% |
ON Q FINANCIAL, INC. | $290,000 | n/a | 0.2% | |
VILLAGE CAPITAL MORTGAGE | $815,000 | $290,000 | -64.4% | 0.2% |
PREMIA MORTGAGE, LLC | $275,000 | n/a | 0.2% | |
EQUITY RESOURCES, INC. | $645,000 | $270,000 | -58.1% | 0.2% |
LENDINGHOME FUNDING CORPORATION | $210,000 | $270,000 | 28.6% | 0.2% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $550,000 | $270,000 | -50.9% | 0.2% |
RELIANCE FIRST CAPITAL, LLC | $435,000 | $270,000 | -37.9% | 0.2% |
Flagstar Bank, FSB | $330,000 | $250,000 | -24.2% | 0.2% |
NTFN, INC. | $175,000 | $250,000 | 42.9% | 0.2% |
Alpha Mortgage Corporation | $865,000 | $245,000 | -71.7% | 0.2% |
North American Savings Bank, F.S.B. | $145,000 | $245,000 | 69.0% | 0.2% |
AMERICAN FINANCING CORPORATION | $290,000 | $235,000 | -19.0% | 0.2% |
CHURCHILL MORTGAGE CORPORATION | $440,000 | $235,000 | -46.6% | 0.2% |
FIDELITY BANK | $235,000 | n/a | 0.2% | |
NBKC BANK | $115,000 | $235,000 | 104.3% | 0.2% |
Fifth Third Bank | $225,000 | n/a | 0.2% | |
ZILLOW HOME LOANS, LLC | $225,000 | n/a | 0.2% | |
MIDLAND MORTGAGE CORPORATION | $220,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $415,000 | $220,000 | -47.0% | 0.1% |
HANSCOM | $205,000 | n/a | 0.1% | |
TIDEWATER MORTGAGE SERVICES, INC. | $205,000 | n/a | 0.1% | |
UNITED SECURITY FINANCIAL CORP | $205,000 | n/a | 0.1% | |
HOME POINT FINANCIAL CORPORATION | $485,000 | $195,000 | -59.8% | 0.1% |
PLANET HOME LENDING, LLC | $280,000 | $195,000 | -30.4% | 0.1% |
CONTOUR MORTGAGE CORPORATION | $185,000 | n/a | 0.1% | |
FAIR WAY LENDING LLC | $185,000 | n/a | 0.1% | |
THE MORTGAGE FIRM, INC. | $45,000 | $175,000 | 288.9% | 0.1% |
AMERICAN FINANCIAL RESOURCES, INC. | $115,000 | $170,000 | 47.8% | 0.1% |
HOMESIDE FINANCIAL, LLC | $695,000 | $165,000 | -76.3% | 0.1% |
RESIDENTIAL BANCORP. | $165,000 | n/a | 0.1% | |
Carrington Mortgage Services, LLC | $355,000 | $155,000 | -56.3% | 0.1% |
EVERETT FINANCIAL, INC. | $155,000 | n/a | 0.1% | |
LATINO COMMUNITY CREDIT UNION | $155,000 | n/a | 0.1% | |
MICHIGAN MUTUAL, INC. | $155,000 | n/a | 0.1% | |
NEWREZ LLC | $420,000 | $155,000 | -63.1% | 0.1% |
Regions Bank | $145,000 | $155,000 | 6.9% | 0.1% |
Benchmark Community Bank | $145,000 | n/a | 0.1% | |
EMBRACE HOME LOANS, INC. | $390,000 | $145,000 | -62.8% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $955,000 | $145,000 | -84.8% | 0.1% |
Magnolia Bank | $145,000 | $145,000 | 0.0% | 0.1% |
North State Bank | $45,000 | $145,000 | 222.2% | 0.1% |
Quontic Bank | $145,000 | n/a | 0.1% | |
UNITED MORTGAGE CORP. | $145,000 | n/a | 0.1% | |
AMERICAN ADVISORS GROUP | $125,000 | $140,000 | 12.0% | 0.1% |
Towne Mortgage of the Carolinas, LLC | $255,000 | $140,000 | -45.1% | 0.1% |
First National Bank of Pennsylvania | $355,000 | $135,000 | -62.0% | 0.1% |
T2 FINANCIAL LLC | $215,000 | $135,000 | -37.2% | 0.1% |
GoPrime Mortgage, Inc. | $195,000 | $125,000 | -35.9% | 0.1% |
Mid-Continent Funding, Inc. | $125,000 | n/a | 0.1% | |
Victorian Finance, LLC | $125,000 | n/a | 0.1% | |
SELF-HELP Credit Union | $55,000 | $120,000 | 118.2% | 0.1% |
Nations Lending Corporation | $460,000 | $115,000 | -75.0% | 0.1% |
Blue Ridge Bank | $85,000 | $105,000 | 23.5% | 0.1% |
CRESCENT MORTGAGE COMPANY | $330,000 | $105,000 | -68.2% | 0.1% |
FIRST FLIGHT FEDERAL CREDIT UNION | $285,000 | $105,000 | -63.2% | 0.1% |
Hometown Equity Mortgage, LLC | $105,000 | n/a | 0.1% | |
POLARIS HOME FUNDING CORP. | $95,000 | n/a | 0.1% | |
REVERSE MORTGAGE FUNDING LLC | $95,000 | n/a | 0.1% | |
COUNTRYPLACE MORTGAGE, LTD. | $85,000 | n/a | 0.1% | |
LONGBRIDGE FINANCIAL, LLC | $75,000 | n/a | 0.1% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $75,000 | n/a | 0.1% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $95,000 | $75,000 | -21.1% | 0.1% |
Figure Lending LLC | $35,000 | $70,000 | 100.0% | 0.0% |
First Bank | $255,000 | $65,000 | -74.5% | 0.0% |
PHH Mortgage Corporation | $45,000 | $55,000 | 22.2% | 0.0% |
Union Bank | $265,000 | $55,000 | -79.2% | 0.0% |
Truliant Federal Credit Union | $35,000 | $15,000 | -57.1% | 0.0% |
Kinston's top lender by overall market share is STATE EMPLOYEES', with 21.7% market share. In second place, with 6.5%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $9,535,000 in loans. In third place, with 4.6%, is First-Citizens Bank & Trust Company, having originated $6,700,000 in loans. In fourth place, with 4.4%, is QUICKEN LOANS, LLC, having originated $6,455,000 in loans. In fifth place, with 4.2%, is Mortgage Research Center, LLC, having originated $6,240,000 in loans.
Kinston Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Kinston (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $114,950 (-3.4%) | $130,920 (-6.5%) | 0.00 | 200 |
2018-02-01 | $114,900 (-5.0%) | $130,791 (-10.0%) | 0.00 | 199 |
2018-03-01 | $119,000 (-7.2%) | $131,613 (-10.2%) | 0.00 | 196 |
2018-04-01 | $119,000 (-7.8%) | $134,463 (-6.2%) | 0.00 | 183 |
2018-05-01 | $113,425 (-8.8%) | $131,031 (-5.4%) | 0.00 | 171 |
2018-06-01 | $115,000 (-7.2%) | $133,755 (-3.7%) | 0.00 | 156 |
2018-07-01 | $122,425 (-2.0%) | $140,123 (3.4%) | 0.00 | 159 |
2018-08-01 | $115,000 (-7.9%) | $136,785 (2.0%) | 0.00 | 152 |
2018-09-01 | $119,900 (0.0%) | $142,141 (6.9%) | 0.00 | 153 |
2018-10-01 | $122,275 (2.0%) | $140,097 (5.2%) | 0.00 | 134 |
2018-11-01 | $119,100 (4.2%) | $141,818 (10.1%) | 0.00 | 126 |
2018-12-01 | $119,000 (3.6%) | $142,712 (9.9%) | 0.00 | 128 |
2019-01-01 | $119,000 (3.5%) | $149,291 (14.0%) | 0.00 | 114 |
2019-02-01 | $119,000 (3.6%) | $155,465 (18.9%) | 0.00 | 100 |
2019-03-01 | $119,429 (0.4%) | $161,845 (23.0%) | 0.00 | 94 |
2019-04-01 | $124,250 (4.4%) | $163,733 (21.8%) | 0.00 | 93 |
2019-05-01 | $129,800 (14.4%) | $167,893 (28.1%) | 0.00 | 103 |
2019-06-01 | $129,000 (12.2%) | $160,606 (20.1%) | 0.00 | 114 |
2019-07-01 | $124,500 (1.7%) | $153,722 (9.7%) | 0.00 | 108 |
2019-08-01 | $124,859 (8.6%) | $158,550 (15.9%) | 0.00 | 106 |
2019-09-01 | $117,598 (-1.9%) | $155,766 (9.6%) | 0.00 | 103 |
2019-10-01 | $114,007 (-6.8%) | $153,341 (9.5%) | 0.00 | 101 |
2019-11-01 | $109,950 (-7.7%) | $140,251 (-1.1%) | 0.00 | 115 |
2019-12-01 | $100,050 (-15.9%) | $132,852 (-6.9%) | 0.00 | 117 |
2020-01-01 | $114,400 (-3.9%) | $136,831 (-8.4%) | 0.00 | 102 |
2020-02-01 | $114,900 (-3.5%) | $136,362 (-12.3%) | 0.00 | 108 |
2020-03-01 | $113,725 (-4.8%) | $139,194 (-14.0%) | 0.00 | 104 |
2020-04-01 | $114,950 (-7.5%) | $150,513 (-8.1%) | 0.00 | 94 |
2020-05-01 | $118,950 (-8.4%) | $146,635 (-12.7%) | 0.00 | 89 |
2020-06-01 | $124,425 (-3.6%) | $156,760 (-2.4%) | 0.00 | 68 |
2020-07-01 | $123,200 (-1.0%) | $163,560 (6.4%) | 0.00 | 63 |
2020-08-01 | $129,450 (3.7%) | $170,647 (7.6%) | 0.00 | 55 |
2020-09-01 | $129,999 (10.6%) | $168,922 (8.5%) | 0.00 | 47 |
2020-10-01 | $137,500 (20.6%) | $179,919 (17.3%) | 0.00 | 45 |
2020-11-01 | $148,700 (35.2%) | $179,697 (28.1%) | 0.00 | 56 |
2020-12-01 | $140,000 (39.9%) | $160,120 (20.5%) | 0.00 | 53 |
2021-01-01 | $150,000 (31.1%) | $175,434 (28.2%) | 0.00 | 47 |
2021-02-01 | $134,900 (17.4%) | $169,139 (24.0%) | 0.00 | 43 |
2021-03-01 | $125,000 (9.9%) | $164,852 (18.4%) | 0.00 | 33 |
2021-04-01 | $135,225 (17.6%) | $173,146 (15.0%) | 0.00 | 34 |
2021-05-01 | $127,450 (7.2%) | $177,542 (21.1%) | 0.00 | 32 |
2021-06-01 | $159,925 (28.5%) | $183,245 (16.9%) | 0.00 | 35 |
2021-07-01 | $154,950 (25.8%) | $181,706 (11.1%) | 0.00 | 33 |
2021-08-01 | $149,975 (15.9%) | $198,248 (16.2%) | 0.00 | 34 |
2021-09-01 | $153,500 (18.1%) | $204,737 (21.2%) | 0.00 | 40 |
2021-10-01 | $150,000 (9.1%) | $211,114 (17.3%) | 0.00 | 38 |
2021-11-01 | $172,750 (16.2%) | $211,293 (17.6%) | 0.00 | 38 |
2021-12-01 | $153,725 (9.8%) | $196,007 (22.4%) | 0.00 | 37 |
2022-01-01 | $157,450 (5.0%) | $197,435 (12.5%) | 0.00 | 35 |
2022-02-01 | $151,200 (12.1%) | $191,519 (13.2%) | 0.00 | 32 |
2022-03-01 | $184,000 (47.2%) | $214,209 (29.9%) | 0.00 | 32 |
2022-04-01 | $177,000 (30.9%) | $204,324 (18.0%) | 0.00 | 36 |
2022-05-01 | $182,900 (43.5%) | $199,999 (12.7%) | 0.00 | 50 |
2022-06-01 | $192,450 (20.3%) | $203,713 (11.2%) | 0.00 | 67 |
2022-07-01 | $205,000 (32.3%) | $219,326 (20.7%) | 0.00 | 89 |
2022-08-01 | $207,725 (38.5%) | $226,831 (14.4%) | 0.00 | 87 |
2022-09-01 | $212,475 (38.4%) | $226,808 (10.8%) | 0.00 | 88 |
2022-10-01 | $226,500 (51.0%) | $234,142 (10.9%) | 0.00 | 100 |
2022-11-01 | $221,445 (28.2%) | $255,015 (20.7%) | 0.00 | 113 |
2022-12-01 | $235,990 (53.5%) | $281,285 (43.5%) | 0.00 | 122 |
2023-01-01 | $241,893 (53.6%) | $290,973 (47.4%) | 0.00 | 117 |
2023-02-01 | $242,169 (60.2%) | $292,301 (52.6%) | 0.00 | 113 |
Kinston's median listing price comes in at 0% of the national average.
Kinston's average listing price for 2023-02-01 was $292,301, a difference of $100,782 (52.6%) versus the prior year and $1,328 versus the prior month.
For the 2023-02-01 period, Kinston had 113 MLS listings, a difference of -4 listings (-3%) versus the prior month and 81 listings (253%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Kinston (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,863 sqft |
2018-02-01 | 0 days | 1,866 sqft |
2018-03-01 | 0 days | 1,825 sqft |
2018-04-01 | 0 days | 1,836 sqft |
2018-05-01 | 0 days | 1,813 sqft |
2018-06-01 | 0 days | 1,840 sqft |
2018-07-01 | 0 days | 1,819 sqft |
2018-08-01 | 0 days | 1,760 sqft |
2018-09-01 | 0 days | 1,862 sqft |
2018-10-01 | 0 days | 1,930 sqft |
2018-11-01 | 0 days | 1,845 sqft |
2018-12-01 | 0 days | 1,800 sqft |
2019-01-01 | 0 days | 1,827 sqft |
2019-02-01 | 0 days | 1,791 sqft |
2019-03-01 | 0 days | 1,799 sqft |
2019-04-01 | 0 days | 1,812 sqft |
2019-05-01 | 0 days | 1,937 sqft |
2019-06-01 | 0 days | 1,947 sqft |
2019-07-01 | 0 days | 1,943 sqft |
2019-08-01 | 0 days | 1,907 sqft |
2019-09-01 | 0 days | 1,839 sqft |
2019-10-01 | 0 days | 1,812 sqft |
2019-11-01 | 0 days | 1,805 sqft |
2019-12-01 | 0 days | 1,772 sqft |
2020-01-01 | 0 days | 1,766 sqft |
2020-02-01 | 0 days | 1,746 sqft |
2020-03-01 | 0 days | 1,756 sqft |
2020-04-01 | 0 days | 1,781 sqft |
2020-05-01 | 0 days | 1,805 sqft |
2020-06-01 | 0 days | 1,863 sqft |
2020-07-01 | 0 days | 1,823 sqft |
2020-08-01 | 0 days | 1,901 sqft |
2020-09-01 | 0 days | 1,912 sqft |
2020-10-01 | 0 days | 1,948 sqft |
2020-11-01 | 0 days | 2,004 sqft |
2020-12-01 | 0 days | 1,889 sqft |
2021-01-01 | 0 days | 1,818 sqft |
2021-02-01 | 0 days | 1,811 sqft |
2021-03-01 | 0 days | 1,579 sqft |
2021-04-01 | 0 days | 1,614 sqft |
2021-05-01 | 0 days | 1,769 sqft |
2021-06-01 | 0 days | 2,008 sqft |
2021-07-01 | 0 days | 1,894 sqft |
2021-08-01 | 0 days | 1,949 sqft |
2021-09-01 | 0 days | 1,942 sqft |
2021-10-01 | 0 days | 1,805 sqft |
2021-11-01 | 0 days | 1,857 sqft |
2021-12-01 | 0 days | 1,808 sqft |
2022-01-01 | 0 days | 1,712 sqft |
2022-02-01 | 0 days | 1,718 sqft |
2022-03-01 | 0 days | 1,800 sqft |
2022-04-01 | 0 days | 1,654 sqft |
2022-05-01 | 0 days | 1,705 sqft |
2022-06-01 | 0 days | 1,803 sqft |
2022-07-01 | 0 days | 1,890 sqft |
2022-08-01 | 0 days | 1,890 sqft |
2022-09-01 | 0 days | 1,852 sqft |
2022-10-01 | 0 days | 1,890 sqft |
2022-11-01 | 0 days | 1,795 sqft |
2022-12-01 | 0 days | 1,626 sqft |
2023-01-01 | 0 days | 1,615 sqft |
2023-02-01 | 0 days | 1,662 sqft |
Kinston's median square footage for active listings during the 2023-02-01 period was 1,662 sqft. One year prior, the average listing was 1,718 sqft.
Kinston, NC Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 573 | $97,955,000 | $170,951 |
Refi | 155 | $20,115,000 | $129,774 |
Cash Out Refi | 128 | $18,410,000 | $143,828 |
Other | 68 | $5,880,000 | $86,471 |
Home Improvement | 57 | $4,585,000 | $80,439 |
Kinston's most frequently cited loan purpose was Home Purchase, with 573 originations. The 2nd most popular reason was Refi, with 155 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 280 | $38,200,000 | $136,429 |
5-6% | 216 | $38,440,000 | $177,963 |
4-5% | 195 | $34,375,000 | $176,282 |
6-7% | 128 | $20,270,000 | $158,359 |
2.5-3% | 81 | $8,145,000 | $100,556 |
7-8% | 33 | $3,945,000 | $119,545 |
<2.5% | 30 | $1,870,000 | $62,333 |
Over 8% | 15 | $1,535,000 | $102,333 |
During 2022, Kinston's most frequently originated rate bucket was 3-4%, with 280 originations.
Loan Sizing (Kinston, NC MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 453 | $65,655,000 | $144,934 |
$100,000 or less | 300 | $17,880,000 | $59,600 |
$200k-400k | 211 | $54,625,000 | $258,886 |
$400k-600k | 13 | $5,965,000 | $458,846 |
$600k-1000k | 4 | $2,820,000 | $705,000 |
Kinston's loan sizing saw the bucket of loans from $100k-200k with 453 originations, totaling $65,655,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 494 | $88,010,000 | $178,158 |
60-80% | 194 | $30,600,000 | $157,732 |
40-60% | 113 | $11,715,000 | $103,673 |
20-40% | 80 | $5,730,000 | $71,625 |
Under 20% | 55 | $1,475,000 | $26,818 |
Over 100% | 40 | $8,650,000 | $216,250 |
Kinston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 494 originations, totaling $88,010,000 in origination value.