Lewisburg Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Lewisburg averaged
6.28%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
6.4% and
one month ago for the week of 2024-06-13, the
average rate was 6.56%.
Lewisburg's average rate one year ago was 6.57%.
For refis of the same type during the week of 2024-07-18, the average rate
was 6.87%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
Lewisburg 30 Year Fixed Rate | 2024-07-18 | 6.28% |
Lewisburg 30 Year Fixed Rate Refi | 2024-07-18 | 6.87% |
Lewisburg 15 Year Fixed Rate | 2024-07-18 | 6.15% |
Lewisburg 15 Year Fixed Rate Refi | 2024-07-18 | 6.05% |
Lewisburg 30 Year FHA | 2024-07-18 | 5.95% |
Lewisburg 30 Year FHA Refi | 2024-07-18 | 6.59% |
Lewisburg 30 Year USDA | 2024-07-18 | 6.43% |
Lewisburg 30 Year USDA Refi | 2024-07-18 | 6.43% |
Lewisburg 30 Year VA | 2024-07-18 | 6.3% |
Lewisburg 30 Year VA Refi | 2024-07-18 | 6.2% |
Lewisburg 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 Lewisburg, 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.).
Lewisburg Average Closing Costs & Other Stats
Lewisburg, TN's 82 lenders originated 1,010
loans during 2023. The total origination value was $242,910,000, with an average loan value of
$240,505.
Lewisburg's average closing costs are $5,499.
The top Lewisburg lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with
51 loans originated. Their average total fees are
$1,980, which is $5,320
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Lewisburg lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($1,980), ASCEND FEDERAL CREDIT UNION ($3,244), FirstBank ($5,115), UNITED WHOLESALE MORTGAGE, LLC ($6,900) and QUICKEN LOANS, LLC ($7,300).
The lowest rate Lewisburg lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.41%), CMG MORTGAGE, INC. (6.36%), UNITED WHOLESALE MORTGAGE, LLC (6.55%), FirstBank (6.61%) and ASCEND FEDERAL CREDIT UNION (6.70%).
Lewisburg, 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 |
---|---|---|---|---|
DHI MORTGAGE COMPANY, LTD. | $38,150,000 | $26,805,000 | -29.7% | 11.0% |
QUICKEN LOANS, LLC | $29,475,000 | $16,095,000 | -45.4% | 6.6% |
UNITED WHOLESALE MORTGAGE, LLC | $8,015,000 | $11,100,000 | 38.5% | 4.6% |
FirstBank | $11,510,000 | $10,015,000 | -13.0% | 4.1% |
SeaTrust Mortgage Company | $215,000 | $9,040,000 | 4,104.7% | 3.7% |
CMG MORTGAGE, INC. | $8,825,000 | $8,805,000 | -0.2% | 3.6% |
ASCEND FEDERAL CREDIT UNION | $7,775,000 | $6,835,000 | -12.1% | 2.8% |
Farm Credit Mid-America, ACA | $4,595,000 | $6,760,000 | 47.1% | 2.8% |
First National Bank of Pulaski | $8,735,000 | $6,685,000 | -23.5% | 2.8% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,305,000 | $5,375,000 | 133.2% | 2.2% |
SWBC MORTGAGE CORPORATION | $3,925,000 | $4,740,000 | 20.8% | 2.0% |
Mortgage Research Center, LLC | $4,610,000 | $4,525,000 | -1.8% | 1.9% |
FIRST COMMUNITY MORTGAGE, INC. | $11,525,000 | $4,325,000 | -62.5% | 1.8% |
PENNYMAC LOAN SERVICES, LLC | $4,250,000 | $4,150,000 | -2.4% | 1.7% |
CHURCHILL MORTGAGE CORPORATION | $4,605,000 | $3,725,000 | -19.1% | 1.5% |
CROSSCOUNTRY MORTGAGE, LLC | $3,215,000 | $3,595,000 | 11.8% | 1.5% |
BNY Mellon | $405,000 | $3,305,000 | 716.0% | 1.4% |
Pinnacle Bank | $6,140,000 | $3,180,000 | -48.2% | 1.3% |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,590,000 | $3,175,000 | 99.7% | 1.3% |
FREEDOM MORTGAGE CORPORATION | $3,605,000 | $3,035,000 | -15.8% | 1.2% |
Legacy Home Loans, LLC | $1,330,000 | $3,010,000 | 126.3% | 1.2% |
EVANSVILLE TEACHERS | $2,055,000 | $2,920,000 | 42.1% | 1.2% |
MORTGAGE INVESTORS GROUP, INC. | $3,270,000 | $2,560,000 | -21.7% | 1.1% |
Regions Bank | $3,930,000 | $1,995,000 | -49.2% | 0.8% |
First Horizon Bank | $2,715,000 | $1,950,000 | -28.2% | 0.8% |
First Farmers and Merchants Bank | $1,955,000 | $1,930,000 | -1.3% | 0.8% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $1,720,000 | $1,910,000 | 11.0% | 0.8% |
BROKER SOLUTIONS, INC. | $2,440,000 | $1,735,000 | -28.9% | 0.7% |
LOANDEPOT.COM, LLC | $8,645,000 | $1,720,000 | -80.1% | 0.7% |
Mr. Cooper ( Nationstar Mortgage ) | $1,700,000 | $1,710,000 | 0.6% | 0.7% |
HERITAGE SOUTH COMMUNITY CU | $5,690,000 | $1,540,000 | -72.9% | 0.6% |
MOVEMENT MORTGAGE, LLC | $2,485,000 | $1,195,000 | -51.9% | 0.5% |
USAA Federal Savings Bank | $520,000 | $1,185,000 | 127.9% | 0.5% |
KELLEY MORTGAGE, LLC | $1,275,000 | $1,170,000 | -8.2% | 0.5% |
Wilson Bank And Trust | $1,490,000 | $1,165,000 | -21.8% | 0.5% |
Flagstar Bank, FSB | $3,325,000 | $1,160,000 | -65.1% | 0.5% |
CapStar Bank | $700,000 | $1,135,000 | 62.1% | 0.5% |
TriStar Bank | $1,350,000 | $1,125,000 | -16.7% | 0.5% |
The Federal Savings Bank | $325,000 | $1,110,000 | 241.5% | 0.5% |
First National Bank of America | $275,000 | $1,105,000 | 301.8% | 0.5% |
Ameris Bank | $805,000 | $1,080,000 | 34.2% | 0.4% |
Fifth Third Bank | $730,000 | $1,070,000 | 46.6% | 0.4% |
NAVY FEDERAL CREDIT UNION | $2,010,000 | $1,005,000 | -50.0% | 0.4% |
U.S. Bank | $3,350,000 | $985,000 | -70.6% | 0.4% |
NEWREZ LLC | $1,080,000 | $880,000 | -18.5% | 0.4% |
STOCKTON MORTGAGE CORPORATION | $560,000 | $870,000 | 55.4% | 0.4% |
United Community Bank | $370,000 | $860,000 | 132.4% | 0.4% |
Bank of Tennessee | $305,000 | $850,000 | 178.7% | 0.3% |
FirstTrust Home Loans, Inc. | $845,000 | n/a | 0.3% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $680,000 | $830,000 | 22.1% | 0.3% |
GUARANTEED RATE, INC. | $4,295,000 | $820,000 | -80.9% | 0.3% |
REDSTONE Federal Credit Union | $1,125,000 | $805,000 | -28.4% | 0.3% |
BancorpSouth | $800,000 | $785,000 | -1.9% | 0.3% |
FIRST COLONY MORTGAGE CORPORATION | $785,000 | n/a | 0.3% | |
1ST SIGNATURE LENDING, LLC | $695,000 | $770,000 | 10.8% | 0.3% |
Truist | $1,115,000 | $755,000 | -32.3% | 0.3% |
HOMESIDE FINANCIAL, LLC | $920,000 | $740,000 | -19.6% | 0.3% |
T2 FINANCIAL LLC | $155,000 | $735,000 | 374.2% | 0.3% |
First Vision Bank of Tennessee | $725,000 | n/a | 0.3% | |
F&M Bank | $1,075,000 | $715,000 | -33.5% | 0.3% |
Legends Bank | $165,000 | $670,000 | 306.1% | 0.3% |
ROSS MORTGAGE CORPORATION | $600,000 | $650,000 | 8.3% | 0.3% |
Carrington Mortgage Services, LLC | $1,230,000 | $630,000 | -48.8% | 0.3% |
PLANET HOME LENDING, LLC | $620,000 | n/a | 0.3% | |
AMERISAVE MORTGAGE CORPORATION | $2,140,000 | $615,000 | -71.3% | 0.3% |
COMMUNITY MORTGAGE CORPORATION | $195,000 | $610,000 | 212.8% | 0.3% |
JPMorgan Chase Bank | $475,000 | $610,000 | 28.4% | 0.3% |
First Federal Bank | $425,000 | $590,000 | 38.8% | 0.2% |
TOWER COMMUNITY BANK | $590,000 | n/a | 0.2% | |
Magnolia Bank | $185,000 | $580,000 | 213.5% | 0.2% |
Bank of England | $1,055,000 | $560,000 | -46.9% | 0.2% |
Bank of America | $1,990,000 | $530,000 | -73.4% | 0.2% |
BAY EQUITY LLC | $690,000 | $525,000 | -23.9% | 0.2% |
INTERLINC MORTGAGE SERVICES, LLC | $600,000 | $525,000 | -12.5% | 0.2% |
21ST MORTGAGE CORPORATION | $95,000 | $520,000 | 447.4% | 0.2% |
UNION HOME MORTGAGE CORP. | $510,000 | n/a | 0.2% | |
Apex Bank | $1,245,000 | $505,000 | -59.4% | 0.2% |
PREMIA MORTGAGE, LLC | $505,000 | n/a | 0.2% | |
Commerce Home Mortgage, Inc. | $495,000 | n/a | 0.2% | |
GUARANTY HOME MORTGAGE CORPORATION | $1,895,000 | $480,000 | -74.7% | 0.2% |
Bell Bank | $940,000 | $475,000 | -49.5% | 0.2% |
Century Mortgage Company DBA Century Lending Company | $395,000 | $475,000 | 20.3% | 0.2% |
PACIFIC RESIDENTIAL MORTGAGE, LLC | $475,000 | n/a | 0.2% | |
CB&S Bank, Inc. | $3,210,000 | $460,000 | -85.7% | 0.2% |
CARDINAL FINANCIAL | $1,795,000 | $450,000 | -74.9% | 0.2% |
NFM, INC. | $510,000 | $450,000 | -11.8% | 0.2% |
S1L, Inc. | $305,000 | $445,000 | 45.9% | 0.2% |
Plains Commerce Bank | $435,000 | n/a | 0.2% | |
Discover Bank | $205,000 | $415,000 | 102.4% | 0.2% |
PLAZA HOME MORTGAGE, INC. | $410,000 | n/a | 0.2% | |
SUCCESS MORTGAGE PARTNERS, INC. | $310,000 | $400,000 | 29.0% | 0.2% |
Semper Home Loans, Inc. | $395,000 | n/a | 0.2% | |
Listerhill Credit Union | $350,000 | $385,000 | 10.0% | 0.2% |
Nations Lending Corporation | $800,000 | $385,000 | -51.9% | 0.2% |
Citizens Bank | $1,085,000 | $375,000 | -65.4% | 0.2% |
DAS Acquisition Company, LLC | $1,210,000 | $365,000 | -69.8% | 0.2% |
Synovus Bank | $135,000 | $355,000 | 163.0% | 0.1% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $155,000 | $350,000 | 125.8% | 0.1% |
AMERICAN FINANCIAL RESOURCES, INC. | $655,000 | $345,000 | -47.3% | 0.1% |
VILLAGE CAPITAL MORTGAGE | $255,000 | $335,000 | 31.4% | 0.1% |
ISERVE RESIDENTIAL LENDING, LLC | $955,000 | $330,000 | -65.4% | 0.1% |
ALAMEDA MORTGAGE CORPORATION | $305,000 | n/a | 0.1% | |
CALCON MUTUAL MORTGAGE LLC | $755,000 | $300,000 | -60.3% | 0.1% |
OCMBC, INC. | $1,845,000 | $295,000 | -84.0% | 0.1% |
ACOPIA, LLC | $3,005,000 | $290,000 | -90.3% | 0.1% |
ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $285,000 | n/a | 0.1% | |
CANOPY MORTGAGE, LLC | $285,000 | n/a | 0.1% | |
FLAT BRANCH MORTGAGE, INC. | $480,000 | $285,000 | -40.6% | 0.1% |
ALTRA | $270,000 | n/a | 0.1% | |
EVERETT FINANCIAL, INC. | $270,000 | n/a | 0.1% | |
FINANCE OF AMERICA REVERSE LLC | $270,000 | n/a | 0.1% | |
AMCAP MORTGAGE, LTD. | $265,000 | n/a | 0.1% | |
Midwest BankCentre | $265,000 | n/a | 0.1% | |
ML Mortgage Corp. | $265,000 | n/a | 0.1% | |
NORTHERN MORTGAGE SERVICES, LLC | $155,000 | $265,000 | 71.0% | 0.1% |
SIRVA MORTGAGE, INC. | $265,000 | n/a | 0.1% | |
LADERA LENDING, INC. | $595,000 | $255,000 | -57.1% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $1,700,000 | $255,000 | -85.0% | 0.1% |
MICHIGAN MUTUAL, INC. | $570,000 | $255,000 | -55.3% | 0.1% |
NexBank | $255,000 | n/a | 0.1% | |
Wyndham Capital Mortgage, Inc. | $1,145,000 | $255,000 | -77.7% | 0.1% |
Brighton Bank | $245,000 | n/a | 0.1% | |
GUILD MORTGAGE COMPANY | $235,000 | $245,000 | 4.3% | 0.1% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,475,000 | $245,000 | -83.4% | 0.1% |
THE MORTGAGE FIRM, INC. | $4,130,000 | $245,000 | -94.1% | 0.1% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,715,000 | $235,000 | -86.3% | 0.1% |
AmRes Corporation | $225,000 | n/a | 0.1% | |
VELOCITY COMMERCIAL CAPITAL, LLC | $225,000 | n/a | 0.1% | |
Ally Bank | $205,000 | n/a | 0.1% | |
Equity Prime Mortgage LLC | $450,000 | $205,000 | -54.4% | 0.1% |
First-Citizens Bank & Trust Company | $205,000 | n/a | 0.1% | |
HOMEXPRESS MORTGAGE CORP. | $205,000 | n/a | 0.1% | |
AMERICAN FINANCIAL NETWORK, INC. | $195,000 | n/a | 0.1% | |
Wells Fargo Bank | $575,000 | $195,000 | -66.1% | 0.1% |
CU COMMUNITY, LLC | $185,000 | n/a | 0.1% | |
Patriot Bank | $185,000 | n/a | 0.1% | |
ENCORE BANK | $175,000 | n/a | 0.1% | |
RELIANCE FIRST CAPITAL, LLC | $1,135,000 | $175,000 | -84.6% | 0.1% |
Volunteer State Bank | $230,000 | $175,000 | -23.9% | 0.1% |
HomeTrust Bank | $155,000 | n/a | 0.1% | |
The First National Bank of Middle Tennessee | $3,555,000 | $145,000 | -95.9% | 0.1% |
Heritage Bank & Trust | $390,000 | $125,000 | -67.9% | 0.1% |
Figure Lending LLC | $75,000 | $120,000 | 60.0% | 0.0% |
Republic Bank & Trust Company | $120,000 | n/a | 0.0% | |
Third Federal Savings and Loan Association of Cleveland | $105,000 | n/a | 0.0% | |
M&T Bank | $95,000 | n/a | 0.0% | |
Coastal Community Bank | $80,000 | n/a | 0.0% | |
CSL Financial, LLC | $75,000 | n/a | 0.0% | |
The Huntington National Bank | $995,000 | $75,000 | -92.5% | 0.0% |
Renasant Bank | $1,605,000 | $65,000 | -96.0% | 0.0% |
Traditions Bank | $65,000 | n/a | 0.0% | |
NEW DAY FINANCIAL, LLC | $165,000 | $45,000 | -72.7% | 0.0% |
PNC Bank | $35,000 | n/a | 0.0% | |
Baxter Credit Union | $25,000 | n/a | 0.0% | |
PENTAGON FEDERAL CREDIT UNION | $605,000 | $25,000 | -95.9% | 0.0% |
American Airlines Federal Credit Union | $15,000 | n/a | 0.0% | |
Home Loan Investment Bank, F.S.B. | $15,000 | $15,000 | 0.0% | 0.0% |
Lewisburg's top lender by overall market share is DHI MORTGAGE COMPANY, LTD., with 11.0% market share. In second place, with 6.6%, is QUICKEN LOANS, LLC, having originated $16,095,000 in loans. In third place, with 4.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $11,100,000 in loans. In fourth place, with 4.1%, is FirstBank, having originated $10,015,000 in loans. In fifth place, with 3.7%, is SeaTrust Mortgage Company, having originated $9,040,000 in loans.
Lewisburg, TN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 613 | $176,305,000 | $287,610 |
Cash Out Refi | 159 | $30,215,000 | $190,031 |
Refi | 88 | $19,430,000 | $220,795 |
Home Improvement | 84 | $11,310,000 | $134,643 |
Other | 66 | $5,650,000 | $85,606 |
Lewisburg's most frequently cited loan purpose was Home Purchase, with 613 originations. The 2nd most popular reason was Cash Out Refi, with 159 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 273 | $77,135,000 | $282,546 |
5-6% | 249 | $67,365,000 | $270,542 |
7-8% | 181 | $44,915,000 | $248,149 |
Over 8% | 152 | $17,060,000 | $112,237 |
4-5% | 35 | $11,675,000 | $333,571 |
2.5-3% | 5 | $695,000 | $139,000 |
3-4% | 3 | $615,000 | $205,000 |
<2.5% | 3 | $15,000 | $5,000 |
During 2023, Lewisburg's most frequently originated rate bucket was 6-7%, with 273 originations.
Loan Sizing (Lewisburg, TN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 507 | $142,815,000 | $281,686 |
$100,000 or less | 214 | $10,940,000 | $51,121 |
$100k-200k | 182 | $27,220,000 | $149,560 |
$400k-600k | 84 | $39,940,000 | $475,476 |
$600k-1000k | 17 | $12,235,000 | $719,706 |
$Over $1MM | 6 | $9,760,000 | $1,626,667 |
Lewisburg's loan sizing saw the bucket of loans from $200k-400k with 507 originations, totaling $142,815,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 410 | $126,780,000 | $309,220 |
60-80% | 169 | $48,315,000 | $285,888 |
Under 20% | 141 | $6,805,000 | $48,262 |
40-60% | 93 | $21,425,000 | $230,376 |
20-40% | 76 | $11,760,000 | $154,737 |
Over 100% | 9 | $3,045,000 | $338,333 |
Lewisburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 410 originations, totaling $126,780,000 in origination value.