Lumberton Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Lumberton averaged
6.52%
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
6.94% and
one month ago for the week of 2024-06-13, the
average rate was 6.9%.
Lumberton's average rate one year ago was 7.11%.
For refis of the same type during the week of 2024-07-18, the average rate
was 6.97%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Lumberton 30 Year Fixed Rate | 2024-07-18 | 6.52% |
| Lumberton 30 Year Fixed Rate Refi | 2024-07-18 | 6.97% |
| Lumberton 15 Year Fixed Rate | 2024-07-18 | 5.95% |
| Lumberton 15 Year Fixed Rate Refi | 2024-07-18 | 6.25% |
| Lumberton 30 Year FHA | 2024-07-18 | 6.44% |
| Lumberton 30 Year FHA Refi | 2024-07-18 | 6.49% |
| Lumberton 30 Year USDA | 2024-07-18 | 6.73% |
| Lumberton 30 Year USDA Refi | 2024-07-18 | 6.63% |
| Lumberton 30 Year VA | 2024-07-18 | 6.25% |
| Lumberton 30 Year VA Refi | 2024-07-18 | 6.4% |
Lumberton 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 Lumberton, 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.).
Lumberton Average Closing Costs & Other Stats
Lumberton, NC's 61 lenders originated 1,231
loans during 2023. The total origination value was $208,765,000, with an average loan value of
$169,590.
Lumberton's average closing costs are $5,213.
The top Lumberton lender as defined by loan originations is STATE EMPLOYEES', with
47 loans originated. Their average total fees are
$3,747, which is $1,541
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Lumberton lenders (with over 10 loans originated) are
STATE EMPLOYEES' ($3,747), QUICKEN LOANS, LLC ($5,288), .
The lowest rate Lumberton lenders (with over 10 loans originated) are
STATE EMPLOYEES' (5.79%), QUICKEN LOANS, LLC (6.75%), .
Lumberton, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| STATE EMPLOYEES' | $23,665,000 | $20,290,000 | -14.3% | 9.7% |
| Mortgage Research Center, LLC | $7,165,000 | $14,080,000 | 96.5% | 6.7% |
| QUICKEN LOANS, LLC | $12,720,000 | $11,360,000 | -10.7% | 5.4% |
| 21ST MORTGAGE CORPORATION | $8,040,000 | $11,160,000 | 38.8% | 5.3% |
| United Bank | $2,705,000 | $8,745,000 | 223.3% | 4.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $7,980,000 | $8,540,000 | 7.0% | 4.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $4,620,000 | $7,405,000 | 60.3% | 3.5% |
| Lumbee Guaranty Bank | $11,800,000 | $6,975,000 | -40.9% | 3.3% |
| CMG MORTGAGE, INC. | $5,760,000 | $5,680,000 | -1.4% | 2.7% |
| CORNERSTONE HOME LENDING, INC. | $4,400,000 | $4,480,000 | 1.8% | 2.1% |
| 1ST SIGNATURE LENDING, LLC | $905,000 | $4,300,000 | 375.1% | 2.1% |
| NEXUS SERIES B, LLC | $4,205,000 | n/a | 2.0% | |
| NAVY FEDERAL CREDIT UNION | $1,880,000 | $4,100,000 | 118.1% | 2.0% |
| INTERCOASTAL MORTGAGE COMPANY | $4,730,000 | $3,605,000 | -23.8% | 1.7% |
| MOVEMENT MORTGAGE, LLC | $5,160,000 | $3,430,000 | -33.5% | 1.6% |
| Alcova Mortgage LLC | $165,000 | $3,380,000 | 1,948.5% | 1.6% |
| CARDINAL FINANCIAL | $1,010,000 | $3,365,000 | 233.2% | 1.6% |
| TRIAD FINANCIAL SERVICES, INC. | $730,000 | $3,155,000 | 332.2% | 1.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,690,000 | $3,135,000 | 85.5% | 1.5% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $2,930,000 | $3,020,000 | 3.1% | 1.4% |
| UNION HOME MORTGAGE CORP. | $2,045,000 | $2,910,000 | 42.3% | 1.4% |
| First Bank | $5,090,000 | $2,870,000 | -43.6% | 1.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,990,000 | $2,780,000 | -30.3% | 1.3% |
| BROKER SOLUTIONS, INC. | $650,000 | $2,525,000 | 288.5% | 1.2% |
| HOMESPIRE MORTGAGE CORPORATION | $2,350,000 | $2,280,000 | -3.0% | 1.1% |
| SOUTHWEST STAGE FUNDING, LLC | $5,070,000 | $2,255,000 | -55.5% | 1.1% |
| SOUTHERN TRUST MORTGAGE, LLC | $765,000 | $2,090,000 | 173.2% | 1.0% |
| FREEDOM MORTGAGE CORPORATION | $2,210,000 | $1,990,000 | -10.0% | 1.0% |
| Truist | $4,420,000 | $1,900,000 | -57.0% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $940,000 | $1,710,000 | 81.9% | 0.8% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $1,020,000 | $1,625,000 | 59.3% | 0.8% |
| PENTAGON FEDERAL CREDIT UNION | $405,000 | $1,610,000 | 297.5% | 0.8% |
| AMERISAVE MORTGAGE CORPORATION | $1,175,000 | $1,580,000 | 34.5% | 0.8% |
| Wells Fargo Bank | $22,750,000 | $1,355,000 | -94.0% | 0.6% |
| LOANDEPOT.COM, LLC | $2,005,000 | $1,290,000 | -35.7% | 0.6% |
| COUNTRYPLACE MORTGAGE, LTD. | $545,000 | $1,200,000 | 120.2% | 0.6% |
| DOMINION FINANCIAL SERVICES, LLC | $990,000 | $1,200,000 | 21.2% | 0.6% |
| SeaTrust Mortgage Company | $205,000 | $1,140,000 | 456.1% | 0.5% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,505,000 | $1,120,000 | -25.6% | 0.5% |
| Carrington Mortgage Services, LLC | $355,000 | $995,000 | 180.3% | 0.5% |
| T2 FINANCIAL LLC | $595,000 | $990,000 | 66.4% | 0.5% |
| First-Citizens Bank & Trust Company | $1,240,000 | $980,000 | -21.0% | 0.5% |
| GUARANTEED RATE, INC. | $565,000 | $980,000 | 73.5% | 0.5% |
| ACADEMY MORTGAGE CORPORATION | $960,000 | n/a | 0.5% | |
| American Security Mortgage Corp. | $340,000 | $960,000 | 182.4% | 0.5% |
| Encompass Lending Group, LP | $165,000 | $890,000 | 439.4% | 0.4% |
| FAIR WAY LENDING LLC | $625,000 | $880,000 | 40.8% | 0.4% |
| AgCarolina Farm Credit, FLCA | $820,000 | n/a | 0.4% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $145,000 | $805,000 | 455.2% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $330,000 | $795,000 | 140.9% | 0.4% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $780,000 | n/a | 0.4% | |
| MILEND, INC. | $730,000 | n/a | 0.3% | |
| Bank of America | $565,000 | $720,000 | 27.4% | 0.3% |
| HOMESIDE FINANCIAL, LLC | $985,000 | $720,000 | -26.9% | 0.3% |
| MID AMERICA MORTGAGE, INC. | $1,360,000 | $710,000 | -47.8% | 0.3% |
| GoPrime Mortgage, Inc. | $1,050,000 | $675,000 | -35.7% | 0.3% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $990,000 | $665,000 | -32.8% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $980,000 | $655,000 | -33.2% | 0.3% |
| PNC Bank | $1,640,000 | $600,000 | -63.4% | 0.3% |
| Integrity Home Mortgage Corp | $595,000 | n/a | 0.3% | |
| NEW DAY FINANCIAL, LLC | $930,000 | $565,000 | -39.2% | 0.3% |
| AMERICAN FINANCIAL NETWORK, INC. | $550,000 | n/a | 0.3% | |
| PLAZA HOME MORTGAGE, INC. | $390,000 | $550,000 | 41.0% | 0.3% |
| Nations Lending Corporation | $250,000 | $520,000 | 108.0% | 0.2% |
| First Horizon Bank | $515,000 | n/a | 0.2% | |
| NFM, INC. | $1,250,000 | $505,000 | -59.6% | 0.2% |
| CALCON MUTUAL MORTGAGE LLC | $495,000 | n/a | 0.2% | |
| EMM LOANS LLC | $485,000 | n/a | 0.2% | |
| DAS Acquisition Company, LLC | $1,090,000 | $470,000 | -56.9% | 0.2% |
| GSF Mortgage Corporation | $345,000 | $465,000 | 34.8% | 0.2% |
| AMERICAN FINANCIAL RESOURCES, INC. | $450,000 | n/a | 0.2% | |
| The Fidelity Bank | $200,000 | $430,000 | 115.0% | 0.2% |
| CSL Financial, LLC | $470,000 | $415,000 | -11.7% | 0.2% |
| LATINO COMMUNITY CREDIT UNION | $165,000 | $405,000 | 145.5% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $85,000 | $390,000 | 358.8% | 0.2% |
| Blue Ridge Bank | $1,020,000 | $385,000 | -62.3% | 0.2% |
| EVERETT FINANCIAL, INC. | $385,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $145,000 | $375,000 | 158.6% | 0.2% |
| CityWorth Mortgage LLC | $335,000 | n/a | 0.2% | |
| Paramount Residential Mortgage Group, Inc. | $280,000 | $335,000 | 19.6% | 0.2% |
| LIMA ONE CAPITAL, LLC | $210,000 | $330,000 | 57.1% | 0.2% |
| Regions Bank | $330,000 | n/a | 0.2% | |
| First Federal Bank | $325,000 | n/a | 0.2% | |
| The Federal Savings Bank | $1,000,000 | $315,000 | -68.5% | 0.2% |
| Discover Bank | $310,000 | n/a | 0.1% | |
| NEWREZ LLC | $320,000 | $300,000 | -6.3% | 0.1% |
| GUILD MORTGAGE COMPANY | $295,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $480,000 | $290,000 | -39.6% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $245,000 | $280,000 | 14.3% | 0.1% |
| NBKC BANK | $275,000 | n/a | 0.1% | |
| CBM Mortgage, Inc. | $115,000 | $255,000 | 121.7% | 0.1% |
| First Heritage Mortgage, LLC | $255,000 | n/a | 0.1% | |
| Towne Bank | $45,000 | $250,000 | 455.6% | 0.1% |
| Deere Employees Credit Union | $245,000 | n/a | 0.1% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $245,000 | n/a | 0.1% | |
| Citizens Bank | $240,000 | n/a | 0.1% | |
| First National Bank of America | $235,000 | n/a | 0.1% | |
| NORTHEAST HOME LOAN, LLC | $235,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $465,000 | $235,000 | -49.5% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $225,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $315,000 | $225,000 | -28.6% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,660,000 | $225,000 | -86.4% | 0.1% |
| The Huntington National Bank | $225,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $220,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $535,000 | $215,000 | -59.8% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $210,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $195,000 | n/a | 0.1% | |
| Sierra Pacific Mortgage Company, Inc. | $195,000 | n/a | 0.1% | |
| Citadel Servicing Corporation | $185,000 | n/a | 0.1% | |
| EQUITY RESOURCES, INC. | $185,000 | n/a | 0.1% | |
| Anderson Brothers Bank | $105,000 | $175,000 | 66.7% | 0.1% |
| NJ LENDERS CORP. | $175,000 | n/a | 0.1% | |
| South State Bank | $200,000 | $175,000 | -12.5% | 0.1% |
| OCMBC, INC. | $170,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $655,000 | $165,000 | -74.8% | 0.1% |
| Northpointe Bank | $440,000 | $155,000 | -64.8% | 0.1% |
| PANORAMA MORTGAGE GROUP, LLC | $390,000 | $155,000 | -60.3% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $155,000 | n/a | 0.1% | |
| The Central Trust Bank | $155,000 | n/a | 0.1% | |
| Figure Lending LLC | $255,000 | $150,000 | -41.2% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $145,000 | n/a | 0.1% | |
| LENDINGONE, LLC | $135,000 | n/a | 0.1% | |
| RAPID MORTGAGE COMPANY | $125,000 | $135,000 | 8.0% | 0.1% |
| Dedicated Community Bank | $125,000 | n/a | 0.1% | |
| Park Lane Finance Solutions, LLC | $190,000 | $125,000 | -34.2% | 0.1% |
| U.S. Bank | $115,000 | $125,000 | 8.7% | 0.1% |
| A&D Mortgage LLC | $105,000 | n/a | 0.1% | |
| FOUNDERS FEDERAL CREDIT UNION | $75,000 | $105,000 | 40.0% | 0.1% |
| Shamrock Home Loans, Inc. | $105,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $95,000 | n/a | 0.0% | |
| Flagstar Bank, FSB | $175,000 | $85,000 | -51.4% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $75,000 | n/a | 0.0% | |
| Truliant Federal Credit Union | $205,000 | $75,000 | -63.4% | 0.0% |
| USAlliance Federal Credit Union | $65,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $25,000 | $55,000 | 120.0% | 0.0% |
| SELF-HELP Credit Union | $55,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $45,000 | $55,000 | 22.2% | 0.0% |
| Uwharrie Bank | $55,000 | n/a | 0.0% |
Lumberton's top lender by overall market share is STATE EMPLOYEES', with 9.7% market share. In second place, with 6.7%, is Mortgage Research Center, LLC, having originated $14,080,000 in loans. In third place, with 5.4%, is QUICKEN LOANS, LLC, having originated $11,360,000 in loans. In fourth place, with 5.3%, is 21ST MORTGAGE CORPORATION, having originated $11,160,000 in loans. In fifth place, with 4.2%, is United Bank, having originated $8,745,000 in loans.
Lumberton, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 857 | $156,195,000 | $182,258 |
| Refi | 112 | $20,690,000 | $184,732 |
| Cash Out Refi | 97 | $16,275,000 | $167,784 |
| Home Improvement | 88 | $5,990,000 | $68,068 |
| Other | 76 | $5,410,000 | $71,184 |
| NA | 1 | $4,205,000 | $4,205,000 |
Lumberton's most frequently cited loan purpose was Home Purchase, with 857 originations. The 2nd most popular reason was Refi, with 112 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 351 | $70,745,000 | $201,553 |
| 7-8% | 283 | $52,475,000 | $185,424 |
| Over 8% | 255 | $35,235,000 | $138,176 |
| 5-6% | 174 | $33,900,000 | $194,828 |
| 4-5% | 93 | $8,325,000 | $89,516 |
| <2.5% | 12 | $140,000 | $11,667 |
| 3-4% | 1 | $175,000 | $175,000 |
| 2.5-3% | 1 | $45,000 | $45,000 |
During 2023, Lumberton's most frequently originated rate bucket was 6-7%, with 351 originations.
Loan Sizing (Lumberton, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 499 | $74,535,000 | $149,369 |
| $100,000 or less | 372 | $21,110,000 | $56,747 |
| $200k-400k | 332 | $88,370,000 | $266,175 |
| $400k-600k | 22 | $10,080,000 | $458,182 |
| $Over $1MM | 4 | $13,150,000 | $3,287,500 |
| $600k-1000k | 2 | $1,520,000 | $760,000 |
Lumberton's loan sizing saw the bucket of loans from $100k-200k with 499 originations, totaling $74,535,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 678 | $131,760,000 | $194,336 |
| 60-80% | 149 | $23,965,000 | $160,839 |
| 20-40% | 101 | $6,985,000 | $69,158 |
| Over 100% | 85 | $21,335,000 | $251,000 |
| Under 20% | 84 | $2,780,000 | $33,095 |
| 40-60% | 83 | $14,025,000 | $168,976 |
Lumberton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 678 originations, totaling $131,760,000 in origination value.