Laurinburg Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Laurinburg averaged
6.74%
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
6.87% and
one month ago for the week of 2023-02-09, the
average rate was 6.46%.
Laurinburg'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 7.22%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Laurinburg 30 Year Fixed Rate | 2023-03-16 | 6.74% |
Laurinburg 30 Year Fixed Rate Refi | 2023-03-16 | 7.22% |
Laurinburg 15 Year Fixed Rate | 2023-03-16 | 6.54% |
Laurinburg 15 Year Fixed Rate Refi | 2023-03-16 | 6.61% |
Laurinburg 30 Year FHA | 2023-03-16 | 6.36% |
Laurinburg 30 Year FHA Refi | 2023-03-16 | 6.32% |
Laurinburg 30 Year USDA | 2023-03-16 | 6.33% |
Laurinburg 30 Year USDA Refi | 2023-03-16 | 3.04% |
Laurinburg 30 Year VA | 2023-03-16 | 6.04% |
Laurinburg 30 Year VA Refi | 2023-03-16 | 5.67% |
Laurinburg 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 Laurinburg, 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.).
Laurinburg Average Closing Costs & Other Stats
Laurinburg, NC's 50 lenders originated 535
loans during 2022. The total origination value was $86,935,000, with an average loan value of
$162,495.
Laurinburg's average closing costs are $4,626.
The top Laurinburg lender as defined by loan originations is STATE EMPLOYEES', with
35 loans originated. Their average total fees are
$3,579, which is $1,871
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Laurinburg lenders (with over 10 loans originated) are
STATE EMPLOYEES' ($3,579), LOCAL GOVERNMENT FEDERAL CREDIT UNION ($3,643), QUICKEN LOANS, LLC ($5,450), .
The lowest rate Laurinburg lenders (with over 10 loans originated) are
LOCAL GOVERNMENT FEDERAL CREDIT UNION (3.70%), STATE EMPLOYEES' (3.88%), QUICKEN LOANS, LLC (4.83%), .
Laurinburg, 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' | $11,615,000 | $13,245,000 | 14.0% | 15.2% |
QUICKEN LOANS, LLC | $12,965,000 | $5,975,000 | -53.9% | 6.9% |
Mortgage Research Center, LLC | $3,730,000 | $4,185,000 | 12.2% | 4.8% |
UNITED WHOLESALE MORTGAGE, LLC | $1,505,000 | $3,915,000 | 160.1% | 4.5% |
PNC Bank | $2,630,000 | $3,590,000 | 36.5% | 4.1% |
First Bank | $8,270,000 | $3,085,000 | -62.7% | 3.5% |
SOUTHERN TRUST MORTGAGE, LLC | $1,040,000 | $3,015,000 | 189.9% | 3.5% |
LOCAL GOVERNMENT FEDERAL CREDIT UNION | $2,305,000 | $2,505,000 | 8.7% | 2.9% |
Blue Ridge Bank | $2,800,000 | $2,455,000 | -12.3% | 2.8% |
INTERCOASTAL MORTGAGE COMPANY | $1,460,000 | $2,305,000 | 57.9% | 2.7% |
CALIBER HOME LOANS, INC. | $2,775,000 | $2,185,000 | -21.3% | 2.5% |
Wells Fargo Bank | $2,370,000 | $1,965,000 | -17.1% | 2.3% |
United Bank | $1,765,000 | n/a | 2.0% | |
MOVEMENT MORTGAGE, LLC | $3,270,000 | $1,600,000 | -51.1% | 1.8% |
NAVY FEDERAL CREDIT UNION | $900,000 | $1,570,000 | 74.4% | 1.8% |
Truist | $1,460,000 | $1,390,000 | -4.8% | 1.6% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $1,910,000 | $1,350,000 | -29.3% | 1.6% |
CROSSCOUNTRY MORTGAGE, LLC | $250,000 | $1,325,000 | 430.0% | 1.5% |
LOANDEPOT.COM, LLC | $1,180,000 | $1,245,000 | 5.5% | 1.4% |
21ST MORTGAGE CORPORATION | $1,405,000 | $1,020,000 | -27.4% | 1.2% |
The Federal Savings Bank | $990,000 | n/a | 1.1% | |
First National Bank of Pennsylvania | $970,000 | n/a | 1.1% | |
USAA Federal Savings Bank | $340,000 | $900,000 | 164.7% | 1.0% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $780,000 | $895,000 | 14.7% | 1.0% |
PREMIA MORTGAGE, LLC | $855,000 | n/a | 1.0% | |
First-Citizens Bank & Trust Company | $590,000 | $790,000 | 33.9% | 0.9% |
UNION HOME MORTGAGE CORP. | $335,000 | $755,000 | 125.4% | 0.9% |
NFM, INC. | $1,140,000 | $750,000 | -34.2% | 0.9% |
SOUTHWEST STAGE FUNDING, LLC | $85,000 | $745,000 | 776.5% | 0.9% |
CMG MORTGAGE, INC. | $1,415,000 | $700,000 | -50.5% | 0.8% |
CORNERSTONE HOME LENDING, INC. | $2,535,000 | $675,000 | -73.4% | 0.8% |
GUARANTEED RATE, INC. | $670,000 | n/a | 0.8% | |
American Security Mortgage Corp. | $1,115,000 | $630,000 | -43.5% | 0.7% |
1ST SIGNATURE LENDING, LLC | $215,000 | $585,000 | 172.1% | 0.7% |
Wyndham Capital Mortgage, Inc. | $580,000 | n/a | 0.7% | |
Prosperity Home Mortgage, LLC | $265,000 | $555,000 | 109.4% | 0.6% |
BROKER SOLUTIONS, INC. | $280,000 | $505,000 | 80.4% | 0.6% |
North American Savings Bank, F.S.B. | $500,000 | n/a | 0.6% | |
Mr. Cooper ( Nationstar Mortgage ) | $1,330,000 | $485,000 | -63.5% | 0.6% |
Carrington Mortgage Services, LLC | $600,000 | $405,000 | -32.5% | 0.5% |
The Fidelity Bank | $405,000 | n/a | 0.5% | |
DAS Acquisition Company, LLC | $370,000 | n/a | 0.4% | |
FREEDOM MORTGAGE CORPORATION | $3,060,000 | $360,000 | -88.2% | 0.4% |
Uwharrie Bank | $350,000 | n/a | 0.4% | |
ARC HOME LLC | $85,000 | $345,000 | 305.9% | 0.4% |
BNC National Bank | $345,000 | n/a | 0.4% | |
Equity Prime Mortgage LLC | $345,000 | n/a | 0.4% | |
FIRST COMMUNITY MORTGAGE, INC. | $345,000 | n/a | 0.4% | |
Alcova Mortgage LLC | $135,000 | $340,000 | 151.9% | 0.4% |
SUMMIT FUNDING, INC. | $340,000 | n/a | 0.4% | |
MID AMERICA MORTGAGE, INC. | $320,000 | n/a | 0.4% | |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $295,000 | n/a | 0.3% | |
PLAZA HOME MORTGAGE, INC. | $295,000 | n/a | 0.3% | |
American National Bank and Trust Company | $285,000 | n/a | 0.3% | |
CLEARPATH LENDING | $525,000 | $285,000 | -45.7% | 0.3% |
U.S. Bank | $280,000 | n/a | 0.3% | |
NEWREZ LLC | $305,000 | $275,000 | -9.8% | 0.3% |
HOME POINT FINANCIAL CORPORATION | $270,000 | n/a | 0.3% | |
Regions Bank | $255,000 | n/a | 0.3% | |
AMERICAN FINANCING CORPORATION | $235,000 | n/a | 0.3% | |
GoPrime Mortgage, Inc. | $930,000 | $235,000 | -74.7% | 0.3% |
Magnolia Bank | $225,000 | n/a | 0.3% | |
Northpointe Bank | $225,000 | n/a | 0.3% | |
PLANET HOME LENDING, LLC | $115,000 | $225,000 | 95.7% | 0.3% |
Towne Bank | $275,000 | $225,000 | -18.2% | 0.3% |
Peoples Bank | $215,000 | n/a | 0.2% | |
Barrington Bank & Trust Company, N.A. | $210,000 | n/a | 0.2% | |
Lumbee Guaranty Bank | $150,000 | $205,000 | 36.7% | 0.2% |
Midwest Bank | $205,000 | n/a | 0.2% | |
Truliant Federal Credit Union | $195,000 | n/a | 0.2% | |
Mid-Continent Funding, Inc. | $185,000 | n/a | 0.2% | |
ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $175,000 | n/a | 0.2% | |
FINANCE OF AMERICA MORTGAGE LLC | $165,000 | n/a | 0.2% | |
JPMorgan Chase Bank | $330,000 | $165,000 | -50.0% | 0.2% |
OVM FINANCIAL, INC. | $445,000 | $165,000 | -62.9% | 0.2% |
ROYAL UNITED MORTGAGE LLC | $180,000 | $160,000 | -11.1% | 0.2% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $185,000 | $155,000 | -16.2% | 0.2% |
CONTOUR MORTGAGE CORPORATION | $155,000 | n/a | 0.2% | |
SUCCESS MORTGAGE PARTNERS, INC. | $250,000 | $155,000 | -38.0% | 0.2% |
Figure Lending LLC | $150,000 | n/a | 0.2% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $145,000 | n/a | 0.2% | |
TJC Mortgage, Inc. | $145,000 | n/a | 0.2% | |
Citizens Bank | $135,000 | n/a | 0.2% | |
Fifth Third Bank | $65,000 | $135,000 | 107.7% | 0.2% |
UNITED | $135,000 | n/a | 0.2% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $125,000 | n/a | 0.1% | |
NEW FED MORTGAGE, CORP. | $125,000 | n/a | 0.1% | |
PHH Mortgage Corporation | $145,000 | $125,000 | -13.8% | 0.1% |
Platinum Home Mortgage Corporation | $125,000 | n/a | 0.1% | |
AMERISAVE MORTGAGE CORPORATION | $590,000 | $115,000 | -80.5% | 0.1% |
CREDIT UNION MORTGAGE ASSOCIATION, INC. | $115,000 | n/a | 0.1% | |
South State Bank | $225,000 | $115,000 | -48.9% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $645,000 | $105,000 | -83.7% | 0.1% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $105,000 | n/a | 0.1% | |
THE MORTGAGE FIRM, INC. | $105,000 | n/a | 0.1% | |
Third Federal Savings and Loan Association of Cleveland | $105,000 | n/a | 0.1% | |
PENNYMAC LOAN SERVICES, LLC | $1,340,000 | $95,000 | -92.9% | 0.1% |
THRIVE MORTGAGE, LLC | $95,000 | n/a | 0.1% | |
Bank of America | $105,000 | $75,000 | -28.6% | 0.1% |
Bank of England | $165,000 | $65,000 | -60.6% | 0.1% |
Discover Bank | $145,000 | $65,000 | -55.2% | 0.1% |
NEW DAY FINANCIAL, LLC | $545,000 | $65,000 | -88.1% | 0.1% |
AMERICAN ADVISORS GROUP | $25,000 | $55,000 | 120.0% | 0.1% |
JUSTICE Federal Credit Union | $55,000 | n/a | 0.1% | |
LENDINGHOME FUNDING CORPORATION | $55,000 | n/a | 0.1% | |
SELF-HELP Credit Union | $35,000 | n/a | 0.0% | |
Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% | |
PENTAGON FEDERAL CREDIT UNION | $410,000 | $25,000 | -93.9% | 0.0% |
Laurinburg's top lender by overall market share is STATE EMPLOYEES', with 15.2% market share. In second place, with 6.9%, is QUICKEN LOANS, LLC, having originated $5,975,000 in loans. In third place, with 4.8%, is Mortgage Research Center, LLC, having originated $4,185,000 in loans. In fourth place, with 4.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $3,915,000 in loans. In fifth place, with 4.1%, is PNC Bank, having originated $3,590,000 in loans.
Laurinburg Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Laurinburg (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 | $129,925 (16.6%) | $160,767 (16.3%) | 0.00 | 133 |
2018-02-01 | $128,575 (15.9%) | $158,434 (15.4%) | 0.00 | 129 |
2018-03-01 | $129,900 (14.4%) | $156,404 (13.2%) | 0.00 | 132 |
2018-04-01 | $129,900 (10.3%) | $155,699 (8.1%) | 0.00 | 138 |
2018-05-01 | $129,900 (6.7%) | $159,912 (5.3%) | 0.00 | 146 |
2018-06-01 | $128,450 (8.0%) | $152,874 (2.2%) | 0.00 | 154 |
2018-07-01 | $124,975 (-3.8%) | $149,536 (-3.6%) | 0.00 | 152 |
2018-08-01 | $121,175 (-7.7%) | $145,176 (-8.9%) | 0.00 | 154 |
2018-09-01 | $121,000 (-9.3%) | $145,325 (-9.0%) | 0.00 | 142 |
2018-10-01 | $114,975 (-16.5%) | $140,482 (-15.2%) | 0.00 | 127 |
2018-11-01 | $113,385 (-12.7%) | $145,790 (-8.0%) | 0.00 | 115 |
2018-12-01 | $113,250 (-9.4%) | $148,847 (-3.4%) | 0.00 | 107 |
2019-01-01 | $114,700 (-11.7%) | $147,281 (-8.4%) | 0.00 | 97 |
2019-02-01 | $117,350 (-8.7%) | $148,135 (-6.5%) | 0.00 | 101 |
2019-03-01 | $121,929 (-6.1%) | $151,806 (-2.9%) | 0.00 | 96 |
2019-04-01 | $124,529 (-4.1%) | $154,048 (-1.1%) | 0.00 | 97 |
2019-05-01 | $121,300 (-6.6%) | $148,475 (-7.2%) | 0.00 | 96 |
2019-06-01 | $125,000 (-2.7%) | $159,083 (4.1%) | 0.00 | 87 |
2019-07-01 | $134,875 (7.9%) | $172,762 (15.5%) | 0.00 | 80 |
2019-08-01 | $134,523 (11.0%) | $168,370 (16.0%) | 0.00 | 85 |
2019-09-01 | $133,807 (10.6%) | $169,151 (16.4%) | 0.00 | 92 |
2019-10-01 | $133,330 (16.0%) | $169,671 (20.8%) | 0.00 | 98 |
2019-11-01 | $130,000 (14.7%) | $161,254 (10.6%) | 0.00 | 90 |
2019-12-01 | $128,375 (13.4%) | $148,139 (-0.5%) | 0.00 | 82 |
2020-01-01 | $132,000 (15.1%) | $148,755 (1.0%) | 0.00 | 74 |
2020-02-01 | $129,900 (10.7%) | $144,333 (-2.6%) | 0.00 | 72 |
2020-03-01 | $111,000 (-9.0%) | $139,093 (-8.4%) | 0.00 | 68 |
2020-04-01 | $108,000 (-13.3%) | $138,838 (-9.9%) | 0.00 | 70 |
2020-05-01 | $111,500 (-8.1%) | $137,785 (-7.2%) | 0.00 | 59 |
2020-06-01 | $119,425 (-4.5%) | $150,281 (-5.5%) | 0.00 | 55 |
2020-07-01 | $139,925 (3.7%) | $163,824 (-5.2%) | 0.00 | 38 |
2020-08-01 | $149,900 (11.4%) | $177,011 (5.1%) | 0.00 | 39 |
2020-09-01 | $159,925 (19.5%) | $191,717 (13.3%) | 0.00 | 37 |
2020-10-01 | $192,400 (44.3%) | $197,924 (16.7%) | 0.00 | 37 |
2020-11-01 | $185,825 (42.9%) | $194,140 (20.4%) | 0.00 | 34 |
2020-12-01 | $173,650 (35.3%) | $188,600 (27.3%) | 0.00 | 40 |
2021-01-01 | $178,500 (35.2%) | $194,124 (30.5%) | 0.00 | 28 |
2021-02-01 | $132,425 (1.9%) | $167,955 (16.4%) | 0.00 | 18 |
2021-03-01 | $163,200 (47.0%) | $188,149 (35.3%) | 0.00 | 18 |
2021-04-01 | $184,450 (70.8%) | $213,383 (53.7%) | 0.00 | 21 |
2021-05-01 | $199,900 (79.3%) | $232,284 (68.6%) | 0.00 | 19 |
2021-06-01 | $184,250 (54.3%) | $243,944 (62.3%) | 0.00 | 20 |
2021-07-01 | $190,000 (35.8%) | $216,342 (32.1%) | 0.00 | 26 |
2021-08-01 | $189,600 (26.5%) | $217,613 (22.9%) | 0.00 | 40 |
2021-09-01 | $149,950 (-6.2%) | $197,249 (2.9%) | 0.00 | 38 |
2021-10-01 | $180,000 (-6.4%) | $207,793 (5.0%) | 0.00 | 36 |
2021-11-01 | $237,450 (27.8%) | $235,379 (21.2%) | 0.00 | 36 |
2021-12-01 | $219,975 (26.7%) | $236,609 (25.5%) | 0.00 | 29 |
2022-01-01 | $185,950 (4.2%) | $235,445 (21.3%) | 0.00 | 30 |
2022-02-01 | $160,100 (20.9%) | $223,093 (32.8%) | 0.00 | 25 |
2022-03-01 | $167,225 (2.5%) | $239,130 (27.1%) | 0.00 | 21 |
2022-04-01 | $145,700 (-21.0%) | $229,580 (7.6%) | 0.00 | 25 |
2022-05-01 | $203,000 (1.6%) | $250,777 (8.0%) | 0.00 | 34 |
2022-06-01 | $172,350 (-6.5%) | $249,441 (2.3%) | 0.00 | 35 |
2022-07-01 | $199,750 (5.1%) | $234,825 (8.5%) | 0.00 | 47 |
2022-08-01 | $198,950 (4.9%) | $230,517 (5.9%) | 0.00 | 42 |
2022-09-01 | $202,425 (35.0%) | $228,272 (15.7%) | 0.00 | 46 |
2022-10-01 | $194,950 (8.3%) | $227,438 (9.5%) | 0.00 | 44 |
2022-11-01 | $208,625 (-12.1%) | $225,115 (-4.4%) | 0.00 | 45 |
2022-12-01 | $229,900 (4.5%) | $262,165 (10.8%) | 0.00 | 43 |
2023-01-01 | $229,900 (23.6%) | $254,752 (8.2%) | 0.00 | 40 |
2023-02-01 | $221,125 (38.1%) | $252,818 (13.3%) | 0.00 | 38 |
Laurinburg's median listing price comes in at 0% of the national average.
Laurinburg's average listing price for 2023-02-01 was $252,818, a difference of $29,725 (13.3%) versus the prior year and $-1,934 versus the prior month.
For the 2023-02-01 period, Laurinburg had 38 MLS listings, a difference of -2 listings (-5%) versus the prior month and 13 listings (52%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Laurinburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,100 sqft |
2018-02-01 | 0 days | 2,031 sqft |
2018-03-01 | 0 days | 2,011 sqft |
2018-04-01 | 0 days | 2,013 sqft |
2018-05-01 | 0 days | 2,092 sqft |
2018-06-01 | 0 days | 1,956 sqft |
2018-07-01 | 0 days | 1,888 sqft |
2018-08-01 | 0 days | 1,961 sqft |
2018-09-01 | 0 days | 1,974 sqft |
2018-10-01 | 0 days | 1,883 sqft |
2018-11-01 | 0 days | 1,870 sqft |
2018-12-01 | 0 days | 1,930 sqft |
2019-01-01 | 0 days | 1,870 sqft |
2019-02-01 | 0 days | 1,876 sqft |
2019-03-01 | 0 days | 1,922 sqft |
2019-04-01 | 0 days | 1,946 sqft |
2019-05-01 | 0 days | 1,946 sqft |
2019-06-01 | 0 days | 1,936 sqft |
2019-07-01 | 0 days | 1,963 sqft |
2019-08-01 | 0 days | 1,937 sqft |
2019-09-01 | 0 days | 1,918 sqft |
2019-10-01 | 0 days | 1,905 sqft |
2019-11-01 | 0 days | 1,913 sqft |
2019-12-01 | 0 days | 1,859 sqft |
2020-01-01 | 0 days | 1,854 sqft |
2020-02-01 | 0 days | 1,842 sqft |
2020-03-01 | 0 days | 1,813 sqft |
2020-04-01 | 0 days | 1,738 sqft |
2020-05-01 | 0 days | 1,670 sqft |
2020-06-01 | 0 days | 1,691 sqft |
2020-07-01 | 0 days | 1,870 sqft |
2020-08-01 | 0 days | 1,851 sqft |
2020-09-01 | 0 days | 2,037 sqft |
2020-10-01 | 0 days | 2,076 sqft |
2020-11-01 | 0 days | 2,100 sqft |
2020-12-01 | 0 days | 2,114 sqft |
2021-01-01 | 0 days | 2,237 sqft |
2021-02-01 | 0 days | 2,224 sqft |
2021-03-01 | 0 days | 2,116 sqft |
2021-04-01 | 0 days | 2,435 sqft |
2021-05-01 | 0 days | 2,336 sqft |
2021-06-01 | 0 days | 2,174 sqft |
2021-07-01 | 0 days | 2,141 sqft |
2021-08-01 | 0 days | 2,039 sqft |
2021-09-01 | 0 days | 1,925 sqft |
2021-10-01 | 0 days | 2,100 sqft |
2021-11-01 | 0 days | 2,100 sqft |
2021-12-01 | 0 days | 1,925 sqft |
2022-01-01 | 0 days | 2,027 sqft |
2022-02-01 | 0 days | 2,003 sqft |
2022-03-01 | 0 days | 1,951 sqft |
2022-04-01 | 0 days | 2,078 sqft |
2022-05-01 | 0 days | 2,113 sqft |
2022-06-01 | 0 days | 1,959 sqft |
2022-07-01 | 0 days | 1,950 sqft |
2022-08-01 | 0 days | 1,943 sqft |
2022-09-01 | 0 days | 1,950 sqft |
2022-10-01 | 0 days | 1,950 sqft |
2022-11-01 | 0 days | 1,950 sqft |
2022-12-01 | 0 days | 2,088 sqft |
2023-01-01 | 0 days | 2,060 sqft |
2023-02-01 | 0 days | 2,055 sqft |
Laurinburg's median square footage for active listings during the 2023-02-01 period was 2,055 sqft. One year prior, the average listing was 2,003 sqft.
Laurinburg, NC Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 327 | $61,355,000 | $187,630 |
Refi | 86 | $11,630,000 | $135,233 |
Cash Out Refi | 62 | $9,560,000 | $154,194 |
Home Improvement | 32 | $2,340,000 | $73,125 |
Other | 28 | $2,050,000 | $73,214 |
Laurinburg's most frequently cited loan purpose was Home Purchase, with 327 originations. The 2nd most popular reason was Refi, with 86 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 132 | $21,670,000 | $164,167 |
3-4% | 130 | $21,090,000 | $162,231 |
4-5% | 105 | $21,525,000 | $205,000 |
6-7% | 50 | $8,270,000 | $165,400 |
2.5-3% | 46 | $5,050,000 | $109,783 |
7-8% | 30 | $4,250,000 | $141,667 |
Over 8% | 20 | $1,980,000 | $99,000 |
<2.5% | 14 | $2,680,000 | $191,429 |
During 2022, Laurinburg's most frequently originated rate bucket was 5-6%, with 132 originations.
Loan Sizing (Laurinburg, NC MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 225 | $32,245,000 | $143,311 |
$100,000 or less | 163 | $10,065,000 | $61,748 |
$200k-400k | 135 | $37,925,000 | $280,926 |
$400k-600k | 11 | $4,935,000 | $448,636 |
$Over $1MM | 1 | $1,765,000 | $1,765,000 |
Laurinburg's loan sizing saw the bucket of loans from $100k-200k with 225 originations, totaling $32,245,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 289 | $54,665,000 | $189,152 |
60-80% | 108 | $16,620,000 | $153,889 |
40-60% | 57 | $8,215,000 | $144,123 |
20-40% | 36 | $2,610,000 | $72,500 |
Under 20% | 23 | $735,000 | $31,957 |
Over 100% | 13 | $3,445,000 | $265,000 |
Laurinburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 289 originations, totaling $54,665,000 in origination value.