Lake City Mortgage Rates & Closing Costs

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

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%
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 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.).

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
QUICKEN LOANS, LLC 23 6.80% $7,416
UNITED WHOLESALE MORTGAGE, LLC 21 7.17% $7,859
AMERICAN FINANCIAL NETWORK, INC. 17 6.84% $9,945
First Federal Bank 13 6.95% $6,121
MOVEMENT MORTGAGE, LLC 12 6.68% $8,371
VYSTAR 10 7.10% $3,936
Seacoast National Bank 9 7.04% $6,968
CAMPUS USA 8 7.19% $3,885
FLORIDA 7 6.93% $4,791
21ST MORTGAGE CORPORATION 6 8.52% $6,427
Wells Fargo Bank 5 7.08% $6,643
BROKER SOLUTIONS, INC. 4 6.65% $5,702
AFFORDABLE MORTGAGE ADVISORS, LLC. 4 6.69% $6,351
Bank of England 3 7.17% $7,156
GUARANTEED RATE, INC. 3 6.82% $9,159
UNION HOME MORTGAGE CORP. 3 6.63% $5,667
LOANDEPOT.COM, LLC 3 6.96% $6,388
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 7.66% $9,946
Mortgage Lenders Investment Trading Corporation 3 7.42% $6,145
CROSSCOUNTRY MORTGAGE, LLC 3 7.04% $8,665
SIRVA MORTGAGE, INC. 2 7.13% $3,784
Ameris Bank 2 6.75% $5,976
Flagstar Bank, FSB 2 7.13% $4,648
ANGEL OAK MORTGAGE SOLUTIONS LLC 2 9.75% $23,854
HOMESIDE FINANCIAL, LLC 2 6.63% $5,393
NBKC BANK 2 7.06% $6,269
Mortgage Research Center, LLC 2 6.43% $6,952
EMM LOANS LLC 2 6.63% $5,486
PHH Mortgage Corporation 1 7.88% $8,524
PLANET HOME LENDING, LLC 1 7.38% $10,575
Prosperity Home Mortgage, LLC 1 8.00% $4,163
PUBLIX EMPLOYEES 1 6.44% $3,330
RANLIFE, INC. 1 5.99% $9,173
SOUTH FLORIDA EDUCATIONAL 1 5.75% $6,200
STOCKTON MORTGAGE CORPORATION 1 7.63% $10,210
Suncoast Credit Union 1 4.99% $4,228
TD Bank 1 7.00% $3,576
The Loan Store, Inc. 1 7.13% $9,060
THE MORTGAGE FIRM, INC. 1 6.99% $6,842
TOWNE MORTGAGE COMPANY 1 6.99% $5,916
USAA Federal Savings Bank 1 6.50% $5,166
ZILLOW HOME LOANS, LLC 1 6.50% $5,463
Advisors Mortgage Group, L.L.C. 1 7.50% $5,991
AMERICAN FINANCING CORPORATION 1 6.75% $6,482
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.63% $6,261
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.12% $4,758
BANKSOUTH MORTGAGE COMPANY, LLC 1 7.13% $13,281
Bell Bank 1 7.63% $4,094
Capital City Home Loans, LLC 1 6.75% $4,373
Citadel Servicing Corporation 1 9.13% $6,875
CMG MORTGAGE, INC. 1 7.50% $7,894
Colony Bank 1 6.99% $4,406
Fifth Third Bank 1 7.25% $4,458
FIRST FLORIDA Credit Union 1 6.38% $7,307
Florida Capital Bank 1 7.13% $3,978
FREEDOM MORTGAGE CORPORATION 1 7.75% $4,968
GUILD MORTGAGE COMPANY 1 6.63% $6,529
Metro City Bank 1 7.38% $5,270
MORTGAGE FINANCIAL SERVICES, LLC 1 7.38% $4,912
Mr. Cooper ( Nationstar Mortgage ) 1 7.49% $5,212
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.63% $11,353
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.88% $10,379
NAVY FEDERAL CREDIT UNION 1 6.75% $12,759
NEWREZ LLC 1 6.25% $10,755
NEXERA HOLDING LLC 1 9.50% $15,389
OCMBC, INC. 1 8.38% $13,416
PANORAMA MORTGAGE GROUP, LLC 1 7.38% $6,039
Paramount Residential Mortgage Group, Inc. 1 7.63% $7,842
PENNYMAC LOAN SERVICES, LLC 1 6.49% $7,533

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.