Lake City Mortgage Rates

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

30 Year Fixed Rate mortgages in Lake City averaged 6.36% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6.27% and one month ago for the week of 2022-05-26, the average rate was 5.76%.

Lake City's average rate one year ago was 3.65%.

For refis of the same type during the week of 2022-06-30, the average rate was 6.16%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Lake City 30 Year Fixed Rate 2022-06-30 6.36%
Lake City 30 Year Fixed Rate Refi 2022-06-30 6.16%
Lake City 15 Year Fixed Rate 2022-06-30 5.47%
Lake City 15 Year Fixed Rate Refi 2022-06-30 4.85%
Lake City 30 Year FHA 2022-06-30 5.72%
Lake City 30 Year FHA Refi 2022-06-30 6.02%
Lake City 30 Year USDA 2022-06-30 5.73%
Lake City 30 Year USDA Refi 2022-06-30 4.97%
Lake City 30 Year VA 2022-06-30 5.92%
Lake City 30 Year VA Refi 2022-06-30 5.25%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Lake City, FL.

Lake City Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Lake City, FL 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 87 3.07% $4,543
First Federal Bank 48 3.43% $3,975
UNION HOME MORTGAGE CORP. 32 3.23% $3,804
MOVEMENT MORTGAGE, LLC 23 3.03% $4,591
CAMPUS USA 22 3.60% $3,012
FLORIDA 19 3.97% $3,970
UNITED WHOLESALE MORTGAGE, LLC 18 3.09% $5,239
AMERICAN FINANCIAL NETWORK, INC. 16 3.20% $8,885
Mortgage Lenders Investment Trading Corporation 14 3.33% $3,900
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 13 3.83% $6,530
LOANDEPOT.COM, LLC 13 3.46% $4,814
VYSTAR 13 3.37% $1,696
AMERICAN PACIFIC MORTGAGE CORPORATION 12 3.44% $4,325
Ameris Bank 12 3.08% $3,945
NAVY FEDERAL CREDIT UNION 10 3.93% $3,886
RANLIFE, INC. 10 3.41% $4,274
NEWREZ LLC 9 3.25% $3,539
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 3.23% $5,442
HOME POINT FINANCIAL CORPORATION 9 3.09% $5,491
AMERISAVE MORTGAGE CORPORATION 9 3.05% $4,183
Wells Fargo Bank 8 3.08% $3,636
THE MORTGAGE FIRM, INC. 7 3.62% $5,399
PENNYMAC LOAN SERVICES, LLC 7 3.14% $4,351
CALIBER HOME LOANS, INC. 7 3.07% $3,400
Paramount Residential Mortgage Group, Inc. 7 3.41% $6,153
Advisors Mortgage Group, L.L.C. 6 2.92% $4,533
GUARANTEED RATE, INC. 5 3.15% $5,252
U.S. Bank 4 2.94% $3,644
TD Bank 4 3.00% $4,840
Mr. Cooper ( Nationstar Mortgage ) 4 3.25% $4,923
ROYAL UNITED MORTGAGE LLC 4 3.53% $7,026
Nations Lending Corporation 3 3.17% $4,859
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 2.96% $3,649
Flagstar Bank, FSB 3 3.38% $5,218
Truist Bank 3 3.10% $3,286
Capital City Home Loans, LLC 3 3.17% $4,638
Citizens Bank 2 3.06% $4,262
BETTER MORTGAGE CORPORATION 2 2.75% $1,465
KELLER MORTGAGE, LLC 2 3.06% $2,974
Ally Bank 2 2.62% $9,617
USAA Federal Savings Bank 2 2.94% $5,486
Bank of America 2 3.00% $3,025
NETWORK CAPITAL FUNDING CORPORATION 2 3.75% $7,680
ANGEL OAK MORTGAGE SOLUTIONS LLC 2 5.63% $9,554
FBC MORTGAGE, LLC 2 3.13% $2,737
ZILLOW HOME LOANS, LLC 2 3.25% $4,169
GTE Federal Credit Union 2 3.19% $4,285
Shamrock Home Loans, Inc. 2 3.13% $4,668
HAMILTON HOME LOANS, INC. 2 3.25% $4,237
STOCKTON MORTGAGE CORPORATION 2 3.06% $4,557
Carrington Mortgage Services, LLC 2 3.19% $3,735
CHURCHILL MORTGAGE CORPORATION 2 3.13% $4,591
BROKER SOLUTIONS, INC. 2 3.06% $5,429
AgFirst Farm Credit Bank 2 3.38% $6,165
21ST MORTGAGE CORPORATION 2 6.15% $5,937
SWBC MORTGAGE CORPORATION 1 3.38% $3,863
The Huntington National Bank 1 3.25% $3,543
Third Federal Savings and Loan Association of Cleveland 1 2.34% $7,217
TRIAD FINANCIAL SERVICES, INC. 1 6.00% $4,890
UNITED 1 3.00% $2,991
UNIVERSITY LENDING GROUP, LLC 1 3.38% $4,619
VANDERBILT MORTGAGE AND FINANCE, INC. 1 4.13% $10,019
WATSON MORTGAGE CORP. 1 2.88% $3,303
Wolfe Financial, Inc 1 2.75% $5,495
Wyndham Capital Mortgage, Inc. 1 3.75% $683
TIAA, FSB 1 3.38% $6,581
ABSOLUTE HOME MORTGAGE CORPORATION 1 3.75% $3,212
ACADEMY MORTGAGE CORPORATION 1 3.25% $6,038
A&D Mortgage LLC 1 6.99% $18,305
AMERICAN FINANCING CORPORATION 1 3.88% $4,853
AMERIFIRST FINANCIAL CORPORATION 1 3.38% $4,118
AmeriHome Mortgage Company, LLC 1 3.63% $3,305
ANGEL OAK HOME LOANS LLC 1 4.63% $7,221
Atlantic Coast Mortgage, LLC 1 2.75% $4,081
Bank Five Nine 1 3.38% $2,574
Bank of England 1 3.25% $5,286
CIS Financial Services, Inc. 1 2.88% $6,540
Colonial Savings, F.A. 1 3.25% $2,105
CORNERSTONE HOME LENDING, INC. 1 4.00% $3,312
CROSSCOUNTRY MORTGAGE, LLC 1 3.38% $5,436
EASTMAN 1 4.00% $4,011
EMM LOANS LLC 1 2.88% $5,614
FINANCE OF AMERICA MORTGAGE LLC 1 3.50% $5,077
Financial Freedom Mortgage, LLC 1 2.99% $5,235
First Guaranty Mortgage Corporation 1 2.88% $4,387
First Midwest Bank 1 2.63% $2,591
FL. Dept. of Transportation Credit Union 1 2.88% $5,640
FREEDOM MORTGAGE CORPORATION 1 2.75% $2,232
Gateway First Bank 1 3.25% $3,224
GENEVA FINANCIAL, LLC 1 2.75% $6,496
GREAT WESTERN FINANCIAL SERVICES, INC. 1 2.63% $3,275
GUILD MORTGAGE COMPANY 1 2.99% $4,210
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.63% $6,829
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.38% $11,418
HOMESIDE FINANCIAL, LLC 1 3.38% $2,412
JPMorgan Chase Bank 1 3.13% $4,885
KS StateBank 1 2.75% $1,922
LEADERONE FINANCIAL CORPORATION 1 3.13% $2,942
LENDUS, LLC 1 3.25% $4,260
LOANPAL, LLC 1 3.25% $4,933
Manufacturers and Traders Trust Company 1 3.63% $3,033
MORTGAGE FINANCIAL SERVICES, LLC 1 3.38% $6,521
Mortgage Research Center, LLC 1 2.99% $3,556
NATIONS DIRECT MORTGAGE, LLC 1 3.99% $4,436
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.00% $5,088
NBKC BANK 1 3.25% $3,224
Northpointe Bank 1 3.13% $7,870
NORTHPOINT MORTGAGE, INC. 1 2.50% $4,570
PANORAMA MORTGAGE GROUP, LLC 1 3.63% $3,721
Plains Commerce Bank 1 3.88% $3,057
PLAZA HOME MORTGAGE, INC. 1 3.25% $3,594
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.13% $4,243
Quontic Bank 1 5.63% $9,863
RELIANCE FIRST CAPITAL, LLC 1 3.38% $5,354
Renasant Bank 1 3.38% $5,271
RUOFF MORTGAGE COMPANY, INC. 1 3.25% $3,693
SOFI LENDING CORP. 1 3.13% $3,495
South State Bank 1 2.88% $3,597
SPACE COAST Credit Union 1 3.00% $0
SUN WEST MORTGAGE COMPANY, INC. 1 3.98% $1,302

Lake City, FL's 120 lenders originated 1,900 loans during 2021. The total origination value was $355,250,000, with an average loan value of $186,974.

The top Lake City lender as defined by loan originations is QUICKEN LOANS, LLC, with 87 loans originated. Their average total fees are $4,543, which is $568 higher than the next largest lender, First Federal Bank.

The lowest fee Lake City lenders (with over 10 loans originated) are VYSTAR ($1,696), CAMPUS USA ($3,012), UNION HOME MORTGAGE CORP. ($3,804), NAVY FEDERAL CREDIT UNION ($3,886) and Mortgage Lenders Investment Trading Corporation ($3,900).

The lowest rate Lake City lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC (3.03%), QUICKEN LOANS, LLC (3.07%), Ameris Bank (3.08%), UNITED WHOLESALE MORTGAGE, LLC (3.09%) and AMERICAN FINANCIAL NETWORK, INC. (3.20%).

Lake City, FL Lender 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 $30,625,000 $39,185,000 28.0% 11.0%
First Federal Bank $36,030,000 $28,170,000 -21.8% 7.9%
UNION HOME MORTGAGE CORP. $6,350,000 $19,995,000 214.9% 5.6%
CAMPUS USA $12,100,000 $12,620,000 4.3% 3.6%
VYSTAR $13,530,000 $12,465,000 -7.9% 3.5%
Mortgage Research Center, LLC $4,960,000 $12,195,000 145.9% 3.4%
MOVEMENT MORTGAGE, LLC $2,660,000 $11,185,000 320.5% 3.1%
UNITED WHOLESALE MORTGAGE, LLC $2,355,000 $10,160,000 331.4% 2.9%
FREEDOM MORTGAGE CORPORATION $10,635,000 $8,925,000 -16.1% 2.5%
21ST MORTGAGE CORPORATION $8,650,000 $8,480,000 -2.0% 2.4%
Ameris Bank $5,415,000 $7,850,000 45.0% 2.2%
DRUMMOND COMMUNITY BANK $7,305,000 $7,395,000 1.2% 2.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $7,420,000 $6,995,000 -5.7% 2.0%
AMERICAN FINANCIAL NETWORK, INC. $6,315,000 $6,600,000 4.5% 1.9%
FLORIDA $6,265,000 $6,425,000 2.6% 1.8%
AMERICAN PACIFIC MORTGAGE CORPORATION $5,295,000 n/a 1.5%
NAVY FEDERAL CREDIT UNION $3,045,000 $5,105,000 67.7% 1.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,330,000 $5,015,000 15.8% 1.4%
CALIBER HOME LOANS, INC. $1,340,000 $4,955,000 269.8% 1.4%
LOANDEPOT.COM, LLC $4,435,000 $4,570,000 3.0% 1.3%
Mr. Cooper ( Nationstar Mortgage ) $2,145,000 $4,390,000 104.7% 1.2%
RANLIFE, INC. $3,305,000 $4,170,000 26.2% 1.2%
Mortgage Lenders Investment Trading Corporation $4,350,000 $4,135,000 -4.9% 1.2%
PENNYMAC LOAN SERVICES, LLC $2,665,000 $3,905,000 46.5% 1.1%
Advisors Mortgage Group, L.L.C. $5,040,000 $3,685,000 -26.9% 1.0%
TRIAD FINANCIAL SERVICES, INC. $1,925,000 $3,390,000 76.1% 1.0%
Wells Fargo Bank $2,080,000 $3,355,000 61.3% 0.9%
NEWREZ LLC $485,000 $3,130,000 545.4% 0.9%
AMERISAVE MORTGAGE CORPORATION $1,475,000 $3,010,000 104.1% 0.8%
MILLENNIUM BANK $1,940,000 $2,775,000 43.0% 0.8%
Paramount Residential Mortgage Group, Inc. $2,180,000 $2,725,000 25.0% 0.8%
HOME POINT FINANCIAL CORPORATION $825,000 $2,655,000 221.8% 0.7%
USAA Federal Savings Bank $2,465,000 $2,620,000 6.3% 0.7%
AgFirst Farm Credit Bank $1,085,000 $2,430,000 124.0% 0.7%
Nations Lending Corporation $3,305,000 $2,380,000 -28.0% 0.7%
THE MORTGAGE FIRM, INC. $2,000,000 $2,295,000 14.8% 0.6%
TD Bank $2,980,000 $1,960,000 -34.2% 0.6%
SOUTHWEST STAGE FUNDING, LLC $1,640,000 $1,915,000 16.8% 0.5%
GUARANTEED RATE, INC. $1,300,000 $1,885,000 45.0% 0.5%
LAKEVIEW LOAN SERVICING, LLC $2,120,000 $1,860,000 -12.3% 0.5%
The Federal Savings Bank $1,655,000 $1,715,000 3.6% 0.5%
AMERICAN FINANCIAL RESOURCES, INC. $3,005,000 $1,675,000 -44.3% 0.5%
FBC MORTGAGE, LLC $1,540,000 $1,550,000 0.6% 0.4%
NEW DAY FINANCIAL, LLC $2,700,000 $1,440,000 -46.7% 0.4%
Ally Bank $1,385,000 n/a 0.4%
SUN WEST MORTGAGE COMPANY, INC. $400,000 $1,385,000 246.3% 0.4%
SunState Federal Credit Union $1,250,000 $1,340,000 7.2% 0.4%
Capital City Home Loans, LLC $2,185,000 $1,310,000 -40.0% 0.4%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $590,000 $1,220,000 106.8% 0.3%
Gateway First Bank $665,000 $1,185,000 78.2% 0.3%
AMERICAN FINANCING CORPORATION $295,000 $1,175,000 298.3% 0.3%
Truist Bank $650,000 $1,160,000 78.5% 0.3%
BETTER MORTGAGE CORPORATION $1,070,000 n/a 0.3%
AMERIFIRST FINANCIAL CORPORATION $795,000 $1,060,000 33.3% 0.3%
Carrington Mortgage Services, LLC $1,470,000 $1,055,000 -28.2% 0.3%
CHURCHILL MORTGAGE CORPORATION $370,000 $1,055,000 185.1% 0.3%
NATIONWIDE MORTGAGE BANKERS, INC. $1,040,000 n/a 0.3%
Capital City Bank $1,275,000 $1,025,000 -19.6% 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $120,000 $975,000 712.5% 0.3%
ROYAL UNITED MORTGAGE LLC $815,000 $970,000 19.0% 0.3%
U.S. Bank $680,000 $950,000 39.7% 0.3%
BROKER SOLUTIONS, INC. $1,155,000 $935,000 -19.0% 0.3%
Flagstar Bank, FSB $125,000 $910,000 628.0% 0.3%
HOMEBRIDGE FINANCIAL SERVICES, INC. $755,000 $885,000 17.2% 0.2%
Bank of America $2,630,000 $875,000 -66.7% 0.2%
JPMorgan Chase Bank $545,000 $875,000 60.6% 0.2%
STOCKTON MORTGAGE CORPORATION $105,000 $865,000 723.8% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $1,620,000 $825,000 -49.1% 0.2%
CLEARPATH LENDING $1,290,000 $800,000 -38.0% 0.2%
CREDIT HUMAN FEDERAL CREDIT UNION $680,000 $800,000 17.6% 0.2%
MIDFLORIDA $920,000 $765,000 -16.8% 0.2%
Equity Prime Mortgage LLC $450,000 $745,000 65.6% 0.2%
ABSOLUTE HOME MORTGAGE CORPORATION $695,000 n/a 0.2%
Renasant Bank $1,290,000 $695,000 -46.1% 0.2%
Shamrock Home Loans, Inc. $695,000 n/a 0.2%
Bank of England $445,000 $685,000 53.9% 0.2%
DEEPHAVEN MORTGAGE LLC $675,000 n/a 0.2%
AMERICAN ADVISORS GROUP $250,000 $665,000 166.0% 0.2%
ZILLOW HOME LOANS, LLC $115,000 $665,000 478.3% 0.2%
1ST SIGNATURE LENDING, LLC $470,000 $645,000 37.2% 0.2%
Citizens Bank $640,000 n/a 0.2%
CROSSCOUNTRY MORTGAGE, LLC $1,045,000 $635,000 -39.2% 0.2%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $620,000 n/a 0.2%
Mid-Continent Funding, Inc. $570,000 $595,000 4.4% 0.2%
ANGEL OAK MORTGAGE SOLUTIONS LLC $590,000 n/a 0.2%
InterContinental Capital Group, Inc $275,000 $585,000 112.7% 0.2%
TIAA, FSB $205,000 $575,000 180.5% 0.2%
Wyndham Capital Mortgage, Inc. $720,000 $555,000 -22.9% 0.2%
Progress Bank and Trust $545,000 n/a 0.2%
GTE Federal Credit Union $230,000 $520,000 126.1% 0.1%
Atlantic Coast Mortgage, LLC $515,000 n/a 0.1%
PROPER RATE, LLC $505,000 n/a 0.1%
Summit Mortgage Corporation $485,000 n/a 0.1%
Colonial Savings, F.A. $480,000 n/a 0.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $115,000 $480,000 317.4% 0.1%
HAMILTON HOME LOANS, INC. $1,195,000 $475,000 -60.3% 0.1%
KELLER MORTGAGE, LLC $225,000 $475,000 111.1% 0.1%
HOMESIDE FINANCIAL, LLC $560,000 $470,000 -16.1% 0.1%
South State Bank $465,000 n/a 0.1%
Northpointe Bank $235,000 $460,000 95.7% 0.1%
GREAT WESTERN FINANCIAL SERVICES, INC. $455,000 n/a 0.1%
NETWORK CAPITAL FUNDING CORPORATION $440,000 n/a 0.1%
UNIVERSITY LENDING GROUP, LLC $440,000 n/a 0.1%
A&D Mortgage LLC $435,000 n/a 0.1%
CIS Financial Services, Inc. $185,000 $425,000 129.7% 0.1%
First Guaranty Mortgage Corporation $805,000 $425,000 -47.2% 0.1%
DAS Acquisition Company, LLC $420,000 n/a 0.1%
Plains Commerce Bank $175,000 $410,000 134.3% 0.1%
Bank Five Nine $405,000 n/a 0.1%
PNC Bank $195,000 $405,000 107.7% 0.1%
Amalgamated Bank $395,000 n/a 0.1%
BAY EQUITY LLC $390,000 n/a 0.1%
MORTGAGE FINANCIAL GROUP, INC. $225,000 $385,000 71.1% 0.1%
TOWNE MORTGAGE COMPANY $300,000 $385,000 28.3% 0.1%
PANORAMA MORTGAGE GROUP, LLC $380,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $370,000 n/a 0.1%
KS StateBank $295,000 $365,000 23.7% 0.1%
PHH Mortgage Corporation $330,000 $350,000 6.1% 0.1%
Low VA Rates, LLC $455,000 $345,000 -24.2% 0.1%
GENEVA FINANCIAL, LLC $335,000 $340,000 1.5% 0.1%
Suncoast Credit Union $330,000 $340,000 3.0% 0.1%
LENDUS, LLC $435,000 $325,000 -25.3% 0.1%
Regions Bank $400,000 $320,000 -20.0% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $225,000 $315,000 40.0% 0.1%
MID AMERICA MORTGAGE, INC. $280,000 $310,000 10.7% 0.1%
1ST FINANCIAL, INC. $305,000 n/a 0.1%
NORTHPOINT MORTGAGE, INC. $305,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $1,185,000 $290,000 -75.5% 0.1%
Quontic Bank $285,000 n/a 0.1%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $275,000 n/a 0.1%
LEADERONE FINANCIAL CORPORATION $275,000 n/a 0.1%
Magnolia Bank $265,000 $275,000 3.8% 0.1%
GUILD MORTGAGE COMPANY $395,000 $265,000 -32.9% 0.1%
HOMESPIRE MORTGAGE CORPORATION $280,000 $265,000 -5.4% 0.1%
TJC Mortgage, Inc. $165,000 $265,000 60.6% 0.1%
ACADEMY MORTGAGE CORPORATION $255,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $255,000 n/a 0.1%
SOFI LENDING CORP. $155,000 $255,000 64.5% 0.1%
Hometown Equity Mortgage, LLC $250,000 n/a 0.1%
Commerce Home Mortgage, Inc. $245,000 n/a 0.1%
CALCON MUTUAL MORTGAGE LLC $115,000 $235,000 104.3% 0.1%
EASTMAN $85,000 $225,000 164.7% 0.1%
MICHIGAN MUTUAL, INC. $225,000 n/a 0.1%
North American Savings Bank, F.S.B. $205,000 $215,000 4.9% 0.1%
NORTHERN MORTGAGE SERVICES, LLC $215,000 n/a 0.1%
UNITED $215,000 n/a 0.1%
PLANET HOME LENDING, LLC $365,000 $210,000 -42.5% 0.1%
ANGEL OAK HOME LOANS LLC $205,000 n/a 0.1%
BankFirst Financial Services $205,000 n/a 0.1%
CORNERSTONE HOME LENDING, INC. $205,000 n/a 0.1%
SOVEREIGN LENDING GROUP INCORPORATED $205,000 n/a 0.1%
Citadel Servicing Corporation $125,000 $195,000 56.0% 0.1%
First Midwest Bank $195,000 n/a 0.1%
MORTGAGE FINANCIAL SERVICES, LLC $195,000 n/a 0.1%
CELEBRITY HOME LOANS, LLC $185,000 n/a 0.1%
EMBRACE HOME LOANS, INC. $245,000 $185,000 -24.5% 0.1%
NBKC BANK $375,000 $185,000 -50.7% 0.1%
STEARNS LENDING, LLC $135,000 $185,000 37.0% 0.1%
SPRING EQ, LLC $45,000 $180,000 300.0% 0.1%
FINANCE OF AMERICA MORTGAGE LLC $315,000 $175,000 -44.4% 0.0%
NATIONS DIRECT MORTGAGE, LLC $135,000 $175,000 29.6% 0.0%
RELIANCE FIRST CAPITAL, LLC $125,000 $175,000 40.0% 0.0%
TC FEDERAL BANK $175,000 n/a 0.0%
AmRes Corporation $165,000 n/a 0.0%
Strong Home Mortgage, LLC $165,000 n/a 0.0%
Discover Bank $160,000 n/a 0.0%
EMM LOANS LLC $155,000 n/a 0.0%
OCEANSIDE MORTGAGE COMPANY $425,000 $155,000 -63.5% 0.0%
OPEN MORTGAGE, LLC $155,000 n/a 0.0%
SPACE COAST Credit Union $155,000 n/a 0.0%
WATSON MORTGAGE CORP. $490,000 $155,000 -68.4% 0.0%
Wolfe Financial, Inc $155,000 n/a 0.0%
Midwest Mortgage Associates Corporation $435,000 $145,000 -66.7% 0.0%
Paramount Bank $145,000 n/a 0.0%
The Huntington National Bank $145,000 n/a 0.0%
Third Federal Savings and Loan Association of Cleveland $955,000 $145,000 -84.8% 0.0%
Chicago Mortgage Solutions LLC $135,000 n/a 0.0%
FL. Dept. of Transportation Credit Union $135,000 n/a 0.0%
Financial Freedom Mortgage, LLC $125,000 n/a 0.0%
LOANPAL, LLC $165,000 $125,000 -24.2% 0.0%
SIGNATURE MORTGAGE CORPORATION $125,000 n/a 0.0%
Figure Lending LLC $25,000 $115,000 360.0% 0.0%
GUARANTY HOME MORTGAGE CORPORATION $445,000 $115,000 -74.2% 0.0%
Manufacturers and Traders Trust Company $105,000 n/a 0.0%
PLAZA HOME MORTGAGE, INC. $290,000 $105,000 -63.8% 0.0%
REVERSE MORTGAGE FUNDING LLC $135,000 $105,000 -22.2% 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $105,000 n/a 0.0%
RUOFF MORTGAGE COMPANY, INC. $310,000 $95,000 -69.4% 0.0%
FIRST FLORIDA Credit Union $240,000 $85,000 -64.6% 0.0%
SWBC MORTGAGE CORPORATION $85,000 n/a 0.0%
FirstBank $175,000 $75,000 -57.1% 0.0%
Grow Financial Federal Credit Union $225,000 $45,000 -80.0% 0.0%

Lake City's top lender by overall market share is QUICKEN LOANS, LLC, with 11.0% market share. In second place, with 7.9%, is First Federal Bank, having originated $28,170,000 in loans. In third place, with 5.6%, is UNION HOME MORTGAGE CORP., having originated $19,995,000 in loans. In third place, with 3.6%, is CAMPUS USA, having originated $12,620,000 in loans. In third place, with 3.5%, is VYSTAR, having originated $12,465,000 in loans.


Lake City, FL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,004 $208,820,000 $207,988
Refi 450 $78,890,000 $175,311
Cash Out Refi 366 $60,080,000 $164,153
Home Improvement 48 $4,520,000 $94,167
Other 32 $2,940,000 $91,875

Lake City's most frequently cited loan purpose was Home Purchase, with 1,004 originations. The 2nd most popular reason was Refi, with 450 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 719 $136,195,000 $189,423
2.5-3% 611 $122,235,000 $200,057
<2.5% 236 $45,330,000 $192,076
4-5% 94 $13,570,000 $144,362
5-6% 81 $12,835,000 $158,457
6-7% 42 $6,200,000 $147,619
Over 8% 37 $4,065,000 $109,865
7-8% 23 $2,645,000 $115,000

During 2021, Lake City's most frequently originated rate bucket was 3-4%, with 719 originations.

Loan Sizing (Lake City, FL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 859 $125,865,000 $146,525
$200k-400k 658 $175,520,000 $266,748
$100,000 or less 319 $21,725,000 $68,103
$400k-600k 59 $27,675,000 $469,068
$600k-1000k 3 $2,125,000 $708,333
$Over $1MM 2 $2,340,000 $1,170,000

Lake City's loan sizing saw the bucket of loans from $100k-200k with 859 originations, totaling $125,865,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 905 $187,365,000 $207,033
60-80% 524 $101,400,000 $193,511
40-60% 206 $27,980,000 $135,825
20-40% 96 $7,750,000 $80,729
Under 20% 40 $1,620,000 $40,500
Over 100% 29 $7,765,000 $267,759

Lake City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 905 originations, totaling $187,365,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Lake City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $209,450 (13.3%) $248,853 (5.6%) 0.00 235
2018-02-01 $205,000 (10.8%) $243,608 (7.8%) 0.00 229
2018-03-01 $205,900 (8.5%) $247,059 (9.7%) 0.00 235
2018-04-01 $210,000 (10.5%) $258,292 (11.2%) 0.00 215
2018-05-01 $199,900 (0.2%) $260,605 (8.1%) 0.00 208
2018-06-01 $204,000 (3.0%) $273,787 (15.7%) 0.00 206
2018-07-01 $201,950 (3.6%) $275,155 (19.0%) 0.00 196
2018-08-01 $207,750 (5.4%) $263,892 (16.0%) 0.00 206
2018-09-01 $215,000 (9.1%) $249,685 (8.8%) 0.00 217
2018-10-01 $210,950 (6.0%) $255,556 (8.9%) 0.00 210
2018-11-01 $212,450 (6.2%) $255,541 (7.0%) 0.00 229
2018-12-01 $209,900 (0.4%) $258,332 (6.6%) 0.00 230
2019-01-01 $209,900 (0.2%) $261,444 (5.1%) 0.00 223
2019-02-01 $214,900 (4.8%) $277,835 (14.1%) 0.00 229
2019-03-01 $217,043 (5.4%) $277,666 (12.4%) 0.00 222
2019-04-01 $219,543 (4.5%) $273,578 (5.9%) 0.00 214
2019-05-01 $225,950 (13.0%) $284,402 (9.1%) 0.00 212
2019-06-01 $225,000 (10.3%) $292,086 (6.7%) 0.00 200
2019-07-01 $227,250 (12.5%) $293,132 (6.5%) 0.00 190
2019-08-01 $225,657 (8.6%) $291,377 (10.4%) 0.00 193
2019-09-01 $220,707 (2.7%) $288,070 (15.4%) 0.00 204
2019-10-01 $229,400 (8.8%) $294,627 (15.3%) 0.00 209
2019-11-01 $228,900 (7.7%) $291,277 (14.0%) 0.00 182
2019-12-01 $229,450 (9.3%) $286,602 (10.9%) 0.00 159
2020-01-01 $227,000 (8.2%) $278,690 (6.6%) 0.00 146
2020-02-01 $220,000 (2.4%) $274,614 (-1.2%) 0.00 165
2020-03-01 $219,000 (0.9%) $246,022 (-11.4%) 0.00 168
2020-04-01 $220,000 (0.2%) $254,369 (-7.0%) 0.00 157
2020-05-01 $239,000 (5.8%) $269,452 (-5.3%) 0.00 150
2020-06-01 $243,450 (8.2%) $276,032 (-5.5%) 0.00 147
2020-07-01 $242,500 (6.7%) $288,499 (-1.6%) 0.00 135
2020-08-01 $239,900 (6.3%) $290,546 (-0.3%) 0.00 130
2020-09-01 $242,450 (9.9%) $288,644 (0.2%) 0.00 113
2020-10-01 $268,000 (16.8%) $320,695 (8.9%) 0.00 115
2020-11-01 $257,500 (12.5%) $315,361 (8.3%) 0.00 113
2020-12-01 $264,950 (15.5%) $319,006 (11.3%) 0.00 105
2021-01-01 $255,000 (12.3%) $314,274 (12.8%) 0.00 98
2021-02-01 $269,950 (22.7%) $308,545 (12.4%) 0.00 88
2021-03-01 $279,900 (27.8%) $329,382 (33.9%) 0.00 83
2021-04-01 $279,000 (26.8%) $337,814 (32.8%) 0.00 76
2021-05-01 $299,900 (25.5%) $356,445 (32.3%) 0.00 94
2021-06-01 $296,513 (21.8%) $339,870 (23.1%) 0.00 102
2021-07-01 $279,900 (15.4%) $332,490 (15.3%) 0.00 120
2021-08-01 $296,752 (23.7%) $332,784 (14.5%) 0.00 120
2021-09-01 $299,000 (23.3%) $342,934 (18.8%) 0.00 123
2021-10-01 $290,000 (8.2%) $455,574 (42.1%) 0.00 129
2021-11-01 $285,000 (10.7%) $426,237 (35.2%) 0.00 128
2021-12-01 $277,000 (4.6%) $438,232 (37.4%) 0.00 119
2022-01-01 $274,990 (7.8%) $466,750 (48.5%) 0.00 99
2022-02-01 $289,000 (7.1%) $390,055 (26.4%) 0.00 83
2022-03-01 $304,990 (9.0%) $395,741 (20.2%) 0.00 90
2022-04-01 $298,990 (7.2%) $386,095 (14.3%) 0.00 100
2022-05-01 $299,945 (0.0%) $386,029 (8.3%) 0.00 116
2022-06-01 $299,900 (1.1%) $381,338 (12.2%) 0.00 135
Lake City's median listing price for 2022-06-01 was $299,900, a difference of $3,387 (1.1%) versus the prior year and $-45 versus the prior month.

Lake City's median listing price comes in at 0% of the national average.

Lake City's average listing price for 2022-06-01 was $381,338, a difference of $41,468 (12.2%) versus the prior year and $-4,691 versus the prior month.

For the 2022-06-01 period, Lake City had 135 MLS listings, a difference of 19 listings (16%) versus the prior month and 33 listings (32%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Lake City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,928 sqft
2018-02-01 0 days 1,919 sqft
2018-03-01 0 days 1,987 sqft
2018-04-01 0 days 1,962 sqft
2018-05-01 0 days 1,914 sqft
2018-06-01 0 days 1,924 sqft
2018-07-01 0 days 1,938 sqft
2018-08-01 0 days 2,000 sqft
2018-09-01 0 days 1,884 sqft
2018-10-01 0 days 1,877 sqft
2018-11-01 0 days 1,932 sqft
2018-12-01 0 days 1,926 sqft
2019-01-01 0 days 1,916 sqft
2019-02-01 0 days 1,980 sqft
2019-03-01 0 days 1,979 sqft
2019-04-01 0 days 1,993 sqft
2019-05-01 0 days 2,080 sqft
2019-06-01 0 days 2,088 sqft
2019-07-01 0 days 2,097 sqft
2019-08-01 0 days 2,021 sqft
2019-09-01 0 days 1,933 sqft
2019-10-01 0 days 1,987 sqft
2019-11-01 0 days 1,985 sqft
2019-12-01 0 days 1,996 sqft
2020-01-01 0 days 1,874 sqft
2020-02-01 0 days 1,894 sqft
2020-03-01 0 days 1,851 sqft
2020-04-01 0 days 1,879 sqft
2020-05-01 0 days 1,848 sqft
2020-06-01 0 days 1,876 sqft
2020-07-01 0 days 1,893 sqft
2020-08-01 0 days 1,914 sqft
2020-09-01 0 days 1,932 sqft
2020-10-01 0 days 1,960 sqft
2020-11-01 0 days 1,935 sqft
2020-12-01 0 days 1,940 sqft
2021-01-01 0 days 1,867 sqft
2021-02-01 0 days 1,804 sqft
2021-03-01 0 days 1,913 sqft
2021-04-01 0 days 1,781 sqft
2021-05-01 0 days 2,048 sqft
2021-06-01 0 days 1,932 sqft
2021-07-01 0 days 1,810 sqft
2021-08-01 0 days 1,864 sqft
2021-09-01 0 days 1,944 sqft
2021-10-01 0 days 1,958 sqft
2021-11-01 0 days 1,890 sqft
2021-12-01 0 days 1,973 sqft
2022-01-01 0 days 1,878 sqft
2022-02-01 0 days 1,860 sqft
2022-03-01 0 days 1,906 sqft
2022-04-01 0 days 1,818 sqft
2022-05-01 0 days 1,794 sqft
2022-06-01 0 days 1,818 sqft
Lake City's median listing age (time on market) for 2022-06-01 was 0 days.

Lake City's median square footage for active listings during the 2022-06-01 period was 1,818 sqft. One year prior, the average listing was 1,932 sqft.