Lake City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Lake City averaged
7.18%
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
6.98% and
one month ago for the week of 2025-05-29, the
average rate was 7.4%.
Lake City's average rate one year ago was 7.17%.
For refis of the same type during the week of 2025-07-03, the average rate
was 7.17%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Lake City 30 Year Fixed Rate | 2025-07-03 | 7.18% |
| Lake City 30 Year Fixed Rate Refi | 2025-07-03 | 7.17% |
| Lake City 15 Year Fixed Rate | 2025-07-03 | 5.9% |
| Lake City 15 Year Fixed Rate Refi | 2025-07-03 | 5.8% |
| Lake City 30 Year FHA | 2025-07-03 | 0.33% |
| Lake City 30 Year FHA Refi | 2025-07-03 | 0% |
| Lake City 30 Year USDA | 2025-07-03 | 0.1% |
| Lake City 30 Year USDA Refi | 2025-07-03 | 0.1% |
| Lake City 30 Year VA | 2025-07-03 | 0.46% |
| Lake City 30 Year VA Refi | 2025-07-03 | 0.1% |
Lake City 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 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.).
Lake City Average Closing Costs & Other Stats
Lake City, FL's 69 lenders originated 1,055
loans during 2024. The total origination value was $226,145,000, with an average loan value of
$214,355.
Lake City's average closing costs are $6,140.
The top Lake City lender as defined by loan originations is QUICKEN LOANS, LLC, with
23 loans originated. Their average total fees are
$7,416, which is $443
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Lake City lenders (with over 10 loans originated) are
VYSTAR ($3,936), First Federal Bank ($6,121), QUICKEN LOANS, LLC ($7,416), UNITED WHOLESALE MORTGAGE, LLC ($7,859) and MOVEMENT MORTGAGE, LLC ($8,371).
The lowest rate Lake City lenders (with over 10 loans originated) are
MOVEMENT MORTGAGE, LLC (6.68%), QUICKEN LOANS, LLC (6.80%), AMERICAN FINANCIAL NETWORK, INC. (6.84%), First Federal Bank (6.95%) and VYSTAR (7.10%).
Lake City, FL 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 |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $13,830,000 | $19,640,000 | 42.0% | 8.7% |
| First Federal Bank | $14,600,000 | $19,535,000 | 33.8% | 8.6% |
| QUICKEN LOANS, LLC | $13,125,000 | $17,725,000 | 35.0% | 7.8% |
| AMERICAN FINANCIAL NETWORK, INC. | $10,430,000 | $11,055,000 | 6.0% | 4.9% |
| Mortgage Research Center, LLC | $9,445,000 | $10,780,000 | 14.1% | 4.8% |
| CAMPUS USA | $6,350,000 | $9,050,000 | 42.5% | 4.0% |
| MOVEMENT MORTGAGE, LLC | $12,325,000 | $7,475,000 | -39.4% | 3.3% |
| 21ST MORTGAGE CORPORATION | $9,005,000 | $7,465,000 | -17.1% | 3.3% |
| VYSTAR | $4,880,000 | $5,510,000 | 12.9% | 2.4% |
| BAC Florida Bank | $5,175,000 | n/a | 2.3% | |
| Seacoast National Bank | $3,605,000 | $4,315,000 | 19.7% | 1.9% |
| UNION HOME MORTGAGE CORP. | $2,985,000 | $3,960,000 | 32.7% | 1.8% |
| NAVY FEDERAL CREDIT UNION | $1,705,000 | $3,860,000 | 126.4% | 1.7% |
| FREEDOM MORTGAGE CORPORATION | $1,585,000 | $3,605,000 | 127.4% | 1.6% |
| FLORIDA | $4,025,000 | $3,565,000 | -11.4% | 1.6% |
| PENNYMAC LOAN SERVICES, LLC | $2,530,000 | $3,155,000 | 24.7% | 1.4% |
| GUARANTEED RATE, INC. | $3,260,000 | $3,030,000 | -7.1% | 1.3% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $1,440,000 | $2,995,000 | 108.0% | 1.3% |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | $2,845,000 | n/a | 1.3% | |
| BROKER SOLUTIONS, INC. | $2,920,000 | $2,840,000 | -2.7% | 1.3% |
| SunState Federal Credit Union | $2,580,000 | $2,255,000 | -12.6% | 1.0% |
| TRIAD FINANCIAL SERVICES, INC. | $2,420,000 | $2,175,000 | -10.1% | 1.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,220,000 | $2,055,000 | -7.4% | 0.9% |
| Wells Fargo Bank | $1,045,000 | $1,980,000 | 89.5% | 0.9% |
| Ameris Bank | $2,460,000 | $1,945,000 | -20.9% | 0.9% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,755,000 | $1,805,000 | 2.8% | 0.8% |
| VILLAGE CAPITAL MORTGAGE | $265,000 | $1,700,000 | 541.5% | 0.8% |
| GUILD MORTGAGE COMPANY | $775,000 | $1,610,000 | 107.7% | 0.7% |
| Equity Prime Mortgage LLC | $1,240,000 | $1,455,000 | 17.3% | 0.6% |
| AgFirst Farm Credit Bank | $310,000 | $1,425,000 | 359.7% | 0.6% |
| NEWREZ LLC | $655,000 | $1,375,000 | 109.9% | 0.6% |
| NEW DAY FINANCIAL, LLC | $1,300,000 | $1,370,000 | 5.4% | 0.6% |
| FBC MORTGAGE, LLC | $3,700,000 | $1,360,000 | -63.2% | 0.6% |
| Carrington Mortgage Services, LLC | $35,000 | $1,350,000 | 3,757.1% | 0.6% |
| Flagstar Bank, FSB | $685,000 | $1,245,000 | 81.8% | 0.6% |
| LOANDEPOT.COM, LLC | $1,540,000 | $1,195,000 | -22.4% | 0.5% |
| Bank of England | $275,000 | $1,185,000 | 330.9% | 0.5% |
| EVERETT FINANCIAL, INC. | $885,000 | $1,185,000 | 33.9% | 0.5% |
| Nations Lending Corporation | $475,000 | $1,185,000 | 149.5% | 0.5% |
| ZILLOW HOME LOANS, LLC | $1,175,000 | n/a | 0.5% | |
| Paramount Residential Mortgage Group, Inc. | $350,000 | $1,160,000 | 231.4% | 0.5% |
| TD Bank | $535,000 | $1,040,000 | 94.4% | 0.5% |
| Mortgage Lenders Investment Trading Corporation | $750,000 | $1,000,000 | 33.3% | 0.4% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $955,000 | n/a | 0.4% | |
| EMM LOANS LLC | $945,000 | n/a | 0.4% | |
| Barrington Bank & Trust Company, N.A. | $435,000 | $930,000 | 113.8% | 0.4% |
| Mid-Continent Funding, Inc. | $895,000 | n/a | 0.4% | |
| MILLENNIUM BANK | $1,260,000 | $890,000 | -29.4% | 0.4% |
| SOUTHWEST STAGE FUNDING, LLC | $1,205,000 | $880,000 | -27.0% | 0.4% |
| The Loan Store, Inc. | $195,000 | $840,000 | 330.8% | 0.4% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $590,000 | $830,000 | 40.7% | 0.4% |
| CMG MORTGAGE, INC. | $220,000 | $830,000 | 277.3% | 0.4% |
| PLANET HOME LENDING, LLC | $125,000 | $770,000 | 516.0% | 0.3% |
| Bank of America | $745,000 | $750,000 | 0.7% | 0.3% |
| Advisors Mortgage Group, L.L.C. | $380,000 | $730,000 | 92.1% | 0.3% |
| THE MORTGAGE FIRM, INC. | $2,715,000 | $710,000 | -73.8% | 0.3% |
| SIRVA MORTGAGE, INC. | $385,000 | $700,000 | 81.8% | 0.3% |
| NBKC BANK | $690,000 | n/a | 0.3% | |
| CSL Financial, LLC | $225,000 | $675,000 | 200.0% | 0.3% |
| USAA Federal Savings Bank | $435,000 | $670,000 | 54.0% | 0.3% |
| BANKSOUTH MORTGAGE COMPANY, LLC | $665,000 | n/a | 0.3% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $385,000 | $665,000 | 72.7% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $790,000 | $665,000 | -15.8% | 0.3% |
| NFM, INC. | $275,000 | $665,000 | 141.8% | 0.3% |
| Figure Lending LLC | $450,000 | $660,000 | 46.7% | 0.3% |
| PHH Mortgage Corporation | $145,000 | $610,000 | 320.7% | 0.3% |
| Capital City Home Loans, LLC | $570,000 | n/a | 0.3% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,245,000 | $570,000 | -54.2% | 0.3% |
| METROPLEX MORTGAGE SERVICES, INC. | $155,000 | $530,000 | 241.9% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $530,000 | n/a | 0.2% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $460,000 | $525,000 | 14.1% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $360,000 | $510,000 | 41.7% | 0.2% |
| South State Bank | $490,000 | $500,000 | 2.0% | 0.2% |
| SUN WEST MORTGAGE COMPANY, INC. | $235,000 | $490,000 | 108.5% | 0.2% |
| VAN DYK MORTGAGE CORPORATION | $145,000 | $490,000 | 237.9% | 0.2% |
| Third Federal Savings and Loan Association of Cleveland | $305,000 | $470,000 | 54.1% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $510,000 | $460,000 | -9.8% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $670,000 | $455,000 | -32.1% | 0.2% |
| CARDINAL FINANCIAL | $1,910,000 | $445,000 | -76.7% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $3,230,000 | $435,000 | -86.5% | 0.2% |
| Sierra Pacific Mortgage Company, Inc. | $435,000 | n/a | 0.2% | |
| Suncoast Credit Union | $380,000 | $415,000 | 9.2% | 0.2% |
| VERITAS FUNDING, LLC | $410,000 | n/a | 0.2% | |
| LENDSURE MORTGAGE CORP. | $400,000 | n/a | 0.2% | |
| City National Bank of Florida | $195,000 | $365,000 | 87.2% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $365,000 | n/a | 0.2% | |
| TOWNE MORTGAGE COMPANY | $165,000 | $365,000 | 121.2% | 0.2% |
| First National Bank of America | $355,000 | n/a | 0.2% | |
| AMERICAN HERITAGE LENDING, INC. | $305,000 | $345,000 | 13.1% | 0.2% |
| SOUTH CENTRAL BANK, INC. | $285,000 | $345,000 | 21.1% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $305,000 | $340,000 | 11.5% | 0.2% |
| SOUTH FLORIDA EDUCATIONAL | $335,000 | n/a | 0.1% | |
| AMERITRUST MORTGAGE CORPORATION | $325,000 | n/a | 0.1% | |
| Fifth Third Bank | $325,000 | n/a | 0.1% | |
| United States Senate Federal Credit Union | $325,000 | n/a | 0.1% | |
| SILVER HILL FUNDING, LLC | $310,000 | n/a | 0.1% | |
| GARDNER FINANCIAL SERVICES, LTD. | $305,000 | n/a | 0.1% | |
| INTELLILOAN, INC. | $305,000 | n/a | 0.1% | |
| JPMorgan Chase Bank | $1,035,000 | $305,000 | -70.5% | 0.1% |
| COMMUNITY MORTGAGE CORPORATION | $295,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $225,000 | $295,000 | 31.1% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $65,000 | $290,000 | 346.2% | 0.1% |
| Colony Bank | $275,000 | n/a | 0.1% | |
| MORTGAGE FINANCIAL SERVICES, LLC | $275,000 | n/a | 0.1% | |
| University Bank | $275,000 | n/a | 0.1% | |
| 1ST SIGNATURE LENDING, LLC | $265,000 | $265,000 | 0.0% | 0.1% |
| NEXERA HOLDING LLC | $265,000 | n/a | 0.1% | |
| Goldwater Bank, N.A. | $405,000 | $255,000 | -37.0% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $255,000 | n/a | 0.1% | |
| ALL IN | $245,000 | n/a | 0.1% | |
| Beeline Loans, Inc. | $135,000 | $245,000 | 81.5% | 0.1% |
| The Federal Savings Bank | $205,000 | $245,000 | 19.5% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,550,000 | $240,000 | -90.6% | 0.1% |
| Alcova Mortgage LLC | $235,000 | n/a | 0.1% | |
| Bell Bank | $235,000 | n/a | 0.1% | |
| OCMBC, INC. | $165,000 | $235,000 | 42.4% | 0.1% |
| AMERICAN BANCSHARES MORTGAGE | $325,000 | $230,000 | -29.2% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $225,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $225,000 | n/a | 0.1% | |
| STOCKTON MORTGAGE CORPORATION | $640,000 | $225,000 | -64.8% | 0.1% |
| V.I.P. MORTGAGE, INC. | $225,000 | n/a | 0.1% | |
| LOANPAL, LLC | $220,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $1,705,000 | $215,000 | -87.4% | 0.1% |
| Florida Capital Bank | $215,000 | n/a | 0.1% | |
| Metro City Bank | $350,000 | $215,000 | -38.6% | 0.1% |
| Renasant Bank | $345,000 | $215,000 | -37.7% | 0.1% |
| Secured Investment Corp. | $215,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $95,000 | $210,000 | 121.1% | 0.1% |
| AMERICAN FINANCING CORPORATION | $205,000 | n/a | 0.1% | |
| PUBLIX EMPLOYEES | $205,000 | n/a | 0.1% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $485,000 | $200,000 | -58.8% | 0.1% |
| Equity Bank | $195,000 | n/a | 0.1% | |
| Luxury Mortgage Corp. | $195,000 | n/a | 0.1% | |
| UNITED MORTGAGE CORP | $195,000 | n/a | 0.1% | |
| Capital City Bank | $625,000 | $175,000 | -72.0% | 0.1% |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $175,000 | n/a | 0.1% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $175,000 | n/a | 0.1% | |
| FIRST FLORIDA Credit Union | $165,000 | n/a | 0.1% | |
| MICHIGAN MUTUAL, INC. | $185,000 | $165,000 | -10.8% | 0.1% |
| A&D Mortgage LLC | $155,000 | n/a | 0.1% | |
| Encompass Lending Group, LP | $155,000 | n/a | 0.1% | |
| MORTGAGE EQUITY PARTNERS LLC | $145,000 | n/a | 0.1% | |
| PANORAMA MORTGAGE GROUP, LLC | $145,000 | n/a | 0.1% | |
| RANLIFE, INC. | $535,000 | $145,000 | -72.9% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $140,000 | n/a | 0.1% | |
| Truist | $450,000 | $140,000 | -68.9% | 0.1% |
| Arvest Bank | $135,000 | n/a | 0.1% | |
| Discover Bank | $540,000 | $130,000 | -75.9% | 0.1% |
| Citadel Servicing Corporation | $125,000 | n/a | 0.1% | |
| PNC Bank | $210,000 | $105,000 | -50.0% | 0.0% |
| BRIGHTSTAR | $95,000 | n/a | 0.0% | |
| Coastal Community Bank | $80,000 | $85,000 | 6.3% | 0.0% |
| JAX | $85,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $75,000 | n/a | 0.0% | |
| Regions Bank | $490,000 | $65,000 | -86.7% | 0.0% |
| COMMUNITY FIRST CREDIT UNION OF FLO | $65,000 | $55,000 | -15.4% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $200,000 | $55,000 | -72.5% | 0.0% |
| Prosperity Home Mortgage, LLC | $460,000 | $45,000 | -90.2% | 0.0% |
| GTE Federal Credit Union | $35,000 | n/a | 0.0% | |
| MIDFLORIDA | $35,000 | n/a | 0.0% | |
| United Community Bank | $355,000 | $15,000 | -95.8% | 0.0% |
Lake City's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 8.7% market share. In second place, with 8.6%, is First Federal Bank, having originated $19,535,000 in loans. In third place, with 7.8%, is QUICKEN LOANS, LLC, having originated $17,725,000 in loans. In fourth place, with 4.9%, is AMERICAN FINANCIAL NETWORK, INC., having originated $11,055,000 in loans. In fifth place, with 4.8%, is Mortgage Research Center, LLC, having originated $10,780,000 in loans.
Lake City, FL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 614 | $151,800,000 | $247,231 |
| Cash Out Refi | 225 | $42,035,000 | $186,822 |
| Refi | 99 | $22,435,000 | $226,616 |
| Other | 62 | $5,910,000 | $95,323 |
| Home Improvement | 55 | $3,965,000 | $72,091 |
Lake City's most frequently cited loan purpose was Home Purchase, with 614 originations. The 2nd most popular reason was Cash Out Refi, with 225 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 397 | $101,015,000 | $254,446 |
| Over 8% | 242 | $28,860,000 | $119,256 |
| 7-8% | 242 | $56,360,000 | $232,893 |
| 5-6% | 141 | $34,855,000 | $247,199 |
| <2.5% | 15 | $225,000 | $15,000 |
| 4-5% | 12 | $3,820,000 | $318,333 |
| 2.5-3% | 1 | $105,000 | $105,000 |
During 2024, Lake City's most frequently originated rate bucket was 6-7%, with 397 originations.
Loan Sizing (Lake City, FL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 416 | $114,240,000 | $274,615 |
| $100k-200k | 324 | $48,760,000 | $150,494 |
| $100,000 or less | 223 | $12,165,000 | $54,552 |
| $400k-600k | 80 | $37,680,000 | $471,000 |
| $600k-1000k | 10 | $7,070,000 | $707,000 |
| $Over $1MM | 2 | $6,230,000 | $3,115,000 |
Lake City's loan sizing saw the bucket of loans from $200k-400k with 416 originations, totaling $114,240,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 477 | $126,595,000 | $265,398 |
| 60-80% | 200 | $45,830,000 | $229,150 |
| Under 20% | 124 | $5,520,000 | $44,516 |
| 20-40% | 102 | $10,730,000 | $105,196 |
| 40-60% | 96 | $22,640,000 | $235,833 |
| Over 100% | 20 | $5,940,000 | $297,000 |
Lake City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 477 originations, totaling $126,595,000 in origination value.