Lawrenceburg Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Lawrenceburg averaged 6.52% for the week of 2024-11-07, compared to the national average of 6.79% for the same period.

    The average rate for the prior week (2024-10-31) was 6.65% and one month ago for the week of 2024-10-03, the average rate was 6.05%.

    Lawrenceburg's average rate one year ago was 7.69%.

    For refis of the same type during the week of 2024-11-07, the average rate was 6.89%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Lawrenceburg 30 Year Fixed Rate 2024-11-07 6.52%
    Lawrenceburg 30 Year Fixed Rate Refi 2024-11-07 6.89%
    Lawrenceburg 15 Year Fixed Rate 2024-11-07 6.2%
    Lawrenceburg 15 Year Fixed Rate Refi 2024-11-07 6.6%
    Lawrenceburg 30 Year FHA 2024-11-07 6.31%
    Lawrenceburg 30 Year FHA Refi 2024-11-07 6.53%
    Lawrenceburg 30 Year USDA 2024-11-07 6.28%
    Lawrenceburg 30 Year USDA Refi 2024-11-07 6.38%
    Lawrenceburg 30 Year VA 2024-11-07 6.14%
    Lawrenceburg 30 Year VA Refi 2024-11-07 6.14%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Lawrenceburg, TN.

    Lawrenceburg 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 Lawrenceburg, TN 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 15 6.55% $7,109
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 6.53% $7,396
    First Farmers and Merchants Bank 13 5.83% $2,362
    UNITED WHOLESALE MORTGAGE, LLC 13 6.66% $7,839
    Farm Credit Mid-America, ACA 8 6.98% $7,635
    FIRST COMMUNITY MORTGAGE, INC. 7 6.75% $5,434
    CapStar Bank 7 6.60% $3,558
    CMG MORTGAGE, INC. 6 6.48% $7,496
    Renasant Bank 5 6.50% $5,141
    REDSTONE Federal Credit Union 5 6.48% $3,588
    FirstBank 5 6.92% $4,706
    ASCEND FEDERAL CREDIT UNION 4 6.22% $3,089
    AmeriHome Mortgage Company, LLC 4 6.81% $5,421
    21ST MORTGAGE CORPORATION 4 8.12% $5,270
    CROSSCOUNTRY MORTGAGE, LLC 3 6.40% $5,584
    AMERISAVE MORTGAGE CORPORATION 3 6.50% $6,402
    KELLEY MORTGAGE, LLC 3 6.63% $4,976
    Listerhill Credit Union 3 7.91% $2,305
    MORTGAGE INVESTORS GROUP, INC. 3 2.50% $5,920
    PENNYMAC LOAN SERVICES, LLC 3 6.54% $4,895
    Truist 3 6.83% $5,079
    Wells Fargo Bank 3 6.63% $4,539
    Wilson Bank And Trust 2 6.71% $2,954
    JPMorgan Chase Bank 2 6.75% $4,998
    SeaTrust Mortgage Company 2 6.50% $5,016
    First Horizon Bank 2 7.94% $4,564
    PLANET HOME LENDING, LLC 2 6.81% $4,844
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.81% $14,812
    CANOPY MORTGAGE, LLC 2 6.49% $6,434
    Bell Bank 2 7.63% $4,281
    INTERLINC MORTGAGE SERVICES, LLC 1 6.13% $4,348
    United Community Bank 1 6.88% $4,938
    LENOX FINANCIAL MORTGAGE CORPORATION 1 6.63% $6,549
    AMERICAN FINANCING CORPORATION 1 6.13% $7,625
    USAA Federal Savings Bank 1 7.38% $3,405
    NEWREZ LLC 1 6.63% $2,796
    ZILLOW HOME LOANS, LLC 1 6.75% $3,066
    Plains Commerce Bank 1 5.88% $8,160
    PNC Bank 1 6.25% $6,515
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.13% $6,077
    Bank of England 1 6.75% $6,008
    ARC HOME LLC 1 8.13% $8,921
    Regions Bank 1 6.63% $6,515
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.38% $3,192
    ROSS MORTGAGE CORPORATION 1 7.38% $3,914
    ROYAL UNITED MORTGAGE LLC 1 7.25% $7,981
    Simmons Bank 1 7.00% $3,460
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.88% $7,607
    SUN WEST MORTGAGE COMPANY, INC. 1 6.73% $1,075
    Third Federal Savings and Loan Association of Cleveland 1 6.99% $0
    UNION HOME MORTGAGE CORP. 1 5.50% $4,235
    Citibank 1 5.88% $3,586
    Discover Bank 1 8.99% $0
    EVANSVILLE TEACHERS 1 6.75% $3,810
    CHURCHILL MORTGAGE CORPORATION 1 8.99% $3,194
    FIRST COLONY MORTGAGE CORPORATION 1 7.50% $3,240
    CALIBER HOME LOANS, INC. 1 6.99% $4,860
    BROKER SOLUTIONS, INC. 1 6.88% $5,948
    FREEDOM MORTGAGE CORPORATION 1 7.13% $13,878
    GUARANTEED RATE, INC. 1 6.78% $3,755
    GUARANTY HOME MORTGAGE CORPORATION 1 6.13% $4,581
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.13% $3,782
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.25% $12,550
    HOMESIDE FINANCIAL, LLC 1 7.13% $8,011

    Lawrenceburg Average Closing Costs & Other Stats

    Lawrenceburg, TN's 64 lenders originated 808 loans during 2023. The total origination value was $151,110,000, with an average loan value of $187,017.

    Lawrenceburg's average closing costs are $5,235.

    The top Lawrenceburg lender as defined by loan originations is QUICKEN LOANS, LLC, with 15 loans originated. Their average total fees are $7,109, which is $287 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Lawrenceburg lenders (with over 10 loans originated) are First Farmers and Merchants Bank ($2,362), QUICKEN LOANS, LLC ($7,109), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,396), UNITED WHOLESALE MORTGAGE, LLC ($7,839) and .

    The lowest rate Lawrenceburg lenders (with over 10 loans originated) are First Farmers and Merchants Bank (5.83%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.53%), QUICKEN LOANS, LLC (6.55%), UNITED WHOLESALE MORTGAGE, LLC (6.66%) and .

    Lawrenceburg, TN 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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,595,000 $15,890,000 245.8% 10.5%
    First Farmers and Merchants Bank $18,900,000 $10,780,000 -43.0% 7.1%
    QUICKEN LOANS, LLC $17,670,000 $10,040,000 -43.2% 6.6%
    First Dakota National Bank $8,390,000 n/a 5.6%
    Heritage Bank & Trust $12,235,000 $6,825,000 -44.2% 4.5%
    UNITED WHOLESALE MORTGAGE, LLC $4,535,000 $6,225,000 37.3% 4.1%
    CapStar Bank $8,180,000 $4,725,000 -42.2% 3.1%
    Mortgage Research Center, LLC $3,060,000 $4,610,000 50.7% 3.1%
    CMG MORTGAGE, INC. $3,885,000 $2,945,000 -24.2% 1.9%
    Farm Credit Mid-America, ACA $4,315,000 $2,875,000 -33.4% 1.9%
    FIRST COMMUNITY MORTGAGE, INC. $4,370,000 $2,840,000 -35.0% 1.9%
    HOMESIDE FINANCIAL, LLC $1,580,000 $2,825,000 78.8% 1.9%
    FirstBank $6,480,000 $2,460,000 -62.0% 1.6%
    MORTGAGE INVESTORS GROUP, INC. $1,810,000 $1,995,000 10.2% 1.3%
    21ST MORTGAGE CORPORATION $220,000 $1,795,000 715.9% 1.2%
    Truist $1,170,000 $1,690,000 44.4% 1.1%
    REDSTONE Federal Credit Union $625,000 $1,685,000 169.6% 1.1%
    CROSSCOUNTRY MORTGAGE, LLC $2,165,000 $1,595,000 -26.3% 1.1%
    PLANET HOME LENDING, LLC $370,000 $1,590,000 329.7% 1.1%
    ASCEND FEDERAL CREDIT UNION $1,980,000 $1,585,000 -19.9% 1.0%
    AMERISAVE MORTGAGE CORPORATION $2,030,000 $1,565,000 -22.9% 1.0%
    Fortera Federal Credit Union $140,000 $1,565,000 1,017.9% 1.0%
    Renasant Bank $5,365,000 $1,550,000 -71.1% 1.0%
    KELLEY MORTGAGE, LLC $3,410,000 $1,540,000 -54.8% 1.0%
    First National Bank of Pulaski $2,345,000 $1,495,000 -36.2% 1.0%
    First Volunteer Bank $3,995,000 $1,495,000 -62.6% 1.0%
    F&M Bank $410,000 $1,345,000 228.0% 0.9%
    AmeriHome Mortgage Company, LLC $270,000 $1,310,000 385.2% 0.9%
    FREEDOM MORTGAGE CORPORATION $1,730,000 $1,280,000 -26.0% 0.8%
    PENNYMAC LOAN SERVICES, LLC $3,650,000 $1,235,000 -66.2% 0.8%
    Regions Bank $1,945,000 $1,200,000 -38.3% 0.8%
    SeaTrust Mortgage Company $390,000 $1,120,000 187.2% 0.7%
    MUTUAL OF OMAHA MORTGAGE, INC. $315,000 $1,065,000 238.1% 0.7%
    First Horizon Bank $2,380,000 $980,000 -58.8% 0.6%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $550,000 $970,000 76.4% 0.6%
    AMCAP MORTGAGE, LTD. $360,000 $830,000 130.6% 0.5%
    NAVY FEDERAL CREDIT UNION $2,020,000 $775,000 -61.6% 0.5%
    Listerhill Credit Union $3,275,000 $770,000 -76.5% 0.5%
    JPMorgan Chase Bank $695,000 $755,000 8.6% 0.5%
    Century Mortgage Company DBA Century Lending Company $710,000 n/a 0.5%
    Carrington Mortgage Services, LLC $610,000 $700,000 14.8% 0.5%
    NFM, INC. $695,000 n/a 0.5%
    Wells Fargo Bank $1,165,000 $695,000 -40.3% 0.5%
    LOANDEPOT.COM, LLC $2,485,000 $685,000 -72.4% 0.5%
    ZILLOW HOME LOANS, LLC $660,000 n/a 0.4%
    The Federal Savings Bank $705,000 $650,000 -7.8% 0.4%
    INTERLINC MORTGAGE SERVICES, LLC $195,000 $635,000 225.6% 0.4%
    USAA Federal Savings Bank $845,000 $630,000 -25.4% 0.4%
    RELIANCE FIRST CAPITAL, LLC $380,000 $585,000 53.9% 0.4%
    LENOX FINANCIAL MORTGAGE CORPORATION $545,000 n/a 0.4%
    Nations Lending Corporation $800,000 $485,000 -39.4% 0.3%
    ROSS MORTGAGE CORPORATION $265,000 $480,000 81.1% 0.3%
    Third Federal Savings and Loan Association of Cleveland $460,000 n/a 0.3%
    PNC Bank $130,000 $455,000 250.0% 0.3%
    MID AMERICA MORTGAGE, INC. $275,000 $450,000 63.6% 0.3%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $325,000 $440,000 35.4% 0.3%
    TOWNE MORTGAGE COMPANY $515,000 $435,000 -15.5% 0.3%
    Bank of America $665,000 $430,000 -35.3% 0.3%
    NEWREZ LLC $280,000 $425,000 51.8% 0.3%
    Plains Commerce Bank $425,000 n/a 0.3%
    CANOPY MORTGAGE, LLC $125,000 $420,000 236.0% 0.3%
    SOUTHWEST STAGE FUNDING, LLC $660,000 $420,000 -36.4% 0.3%
    ARC HOME LLC $405,000 n/a 0.3%
    BROKER SOLUTIONS, INC. $2,125,000 $400,000 -81.2% 0.3%
    CIS Financial Services, Inc. $400,000 n/a 0.3%
    Discover Bank $90,000 $400,000 344.4% 0.3%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $400,000 n/a 0.3%
    LAKEVIEW LOAN SERVICING, LLC $410,000 $395,000 -3.7% 0.3%
    Bell Bank $850,000 $380,000 -55.3% 0.3%
    CARDINAL FINANCIAL $2,250,000 $345,000 -84.7% 0.2%
    EVANSVILLE TEACHERS $345,000 n/a 0.2%
    BancorpSouth $720,000 $305,000 -57.6% 0.2%
    Barrington Bank & Trust Company, N.A. $305,000 n/a 0.2%
    UNION HOME MORTGAGE CORP. $235,000 $305,000 29.8% 0.2%
    CHURCHILL MORTGAGE CORPORATION $1,805,000 $300,000 -83.4% 0.2%
    BANK OF LITTLE ROCK MORTGAGE CORPORATION $295,000 n/a 0.2%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $295,000 n/a 0.2%
    GUARANTEED RATE, INC. $325,000 $290,000 -10.8% 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $565,000 $285,000 -49.6% 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $1,045,000 $285,000 -72.7% 0.2%
    NBKC BANK $285,000 n/a 0.2%
    CSL Financial, LLC $205,000 $280,000 36.6% 0.2%
    Fifth Third Bank $290,000 $265,000 -8.6% 0.2%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $255,000 n/a 0.2%
    FIRST BANCORP $255,000 n/a 0.2%
    U.S. Bank $2,005,000 $255,000 -87.3% 0.2%
    Wilson Bank And Trust $250,000 n/a 0.2%
    First Citizens National Bank $245,000 n/a 0.2%
    PLAZA HOME MORTGAGE, INC. $235,000 n/a 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $660,000 $230,000 -65.2% 0.2%
    SUCCESS MORTGAGE PARTNERS, INC. $1,420,000 $230,000 -83.8% 0.2%
    Flagstar Bank, FSB $2,345,000 $225,000 -90.4% 0.1%
    United Community Bank $950,000 $220,000 -76.8% 0.1%
    Bank of England $215,000 n/a 0.1%
    Simmons Bank $215,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $130,000 $210,000 61.5% 0.1%
    GUARANTY HOME MORTGAGE CORPORATION $605,000 $205,000 -66.1% 0.1%
    The First National Bank of Middle Tennessee $3,210,000 $205,000 -93.6% 0.1%
    AMERICAN FINANCING CORPORATION $195,000 n/a 0.1%
    STOCKTON MORTGAGE CORPORATION $380,000 $195,000 -48.7% 0.1%
    VAN DYK MORTGAGE CORPORATION $195,000 n/a 0.1%
    AMERICAN PORTFOLIO MORTGAGE CORPORATION $185,000 n/a 0.1%
    Gateway First Bank $2,670,000 $185,000 -93.1% 0.1%
    Citizens Bank $105,000 $170,000 61.9% 0.1%
    American Mortgage Bank, LLC $155,000 n/a 0.1%
    FIRST COLONY MORTGAGE CORPORATION $155,000 n/a 0.1%
    FirstTrust Home Loans, Inc. $155,000 n/a 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $445,000 $145,000 -67.4% 0.1%
    Bank Independent $1,975,000 $135,000 -93.2% 0.1%
    CALIBER HOME LOANS, INC. $2,140,000 $135,000 -93.7% 0.1%
    Figure Lending LLC $145,000 $125,000 -13.8% 0.1%
    SOVEREIGN LENDING GROUP INCORPORATED $125,000 n/a 0.1%
    CB&S Bank, Inc. $280,000 $120,000 -57.1% 0.1%
    OCEANSIDE MORTGAGE COMPANY $95,000 $115,000 21.1% 0.1%
    Pinnacle Bank $670,000 $105,000 -84.3% 0.1%
    QUORUM FEDERAL CREDIT UNION $65,000 $105,000 61.5% 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $165,000 $105,000 -36.4% 0.1%
    TOWER $175,000 $105,000 -40.0% 0.1%
    Citibank $95,000 n/a 0.1%
    PROPONENT Federal Credit Union $115,000 $95,000 -17.4% 0.1%
    Operating Engineers Local Union #3 $75,000 n/a 0.0%
    The Huntington National Bank $95,000 $75,000 -21.1% 0.0%
    HomeTrust Bank $55,000 n/a 0.0%
    Coastal Community Bank $15,000 n/a 0.0%

    Lawrenceburg's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 10.5% market share. In second place, with 7.1%, is First Farmers and Merchants Bank, having originated $10,780,000 in loans. In third place, with 6.6%, is QUICKEN LOANS, LLC, having originated $10,040,000 in loans. In fourth place, with 5.6%, is First Dakota National Bank, having originated $8,390,000 in loans. In fifth place, with 4.5%, is Heritage Bank & Trust, having originated $6,825,000 in loans.

    Lawrenceburg, TN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 434 $93,610,000 $215,691
    Refi 122 $23,840,000 $195,410
    Cash Out Refi 104 $21,110,000 $202,981
    Other 89 $8,575,000 $96,348
    Home Improvement 59 $3,975,000 $67,373

    Lawrenceburg's most frequently cited loan purpose was Home Purchase, with 434 originations. The 2nd most popular reason was Refi, with 122 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 241 $55,815,000 $231,598
    7-8% 155 $31,915,000 $205,903
    Over 8% 150 $14,870,000 $99,133
    5-6% 134 $28,250,000 $210,821
    4-5% 13 $2,335,000 $179,615
    <2.5% 5 $695,000 $139,000
    3-4% 2 $400,000 $200,000
    2.5-3% 2 $110,000 $55,000

    During 2023, Lawrenceburg's most frequently originated rate bucket was 6-7%, with 241 originations.

    Loan Sizing (Lawrenceburg, TN MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 270 $71,730,000 $265,667
    $100k-200k 251 $37,695,000 $150,179
    $100,000 or less 245 $12,265,000 $50,061
    $400k-600k 33 $15,195,000 $460,455
    $600k-1000k 5 $3,315,000 $663,000
    $Over $1MM 4 $10,910,000 $2,727,500

    Lawrenceburg's loan sizing saw the bucket of loans from $200k-400k with 270 originations, totaling $71,730,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 266 $67,490,000 $253,722
    Under 20% 133 $5,275,000 $39,662
    60-80% 128 $34,780,000 $271,719
    20-40% 90 $9,510,000 $105,667
    40-60% 76 $12,030,000 $158,289
    Over 100% 13 $4,365,000 $335,769

    Lawrenceburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 266 originations, totaling $67,490,000 in origination value.