LYNCHBURG Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Lynchburg averaged
6.92%
for the week of 2024-04-18, compared to the national average of
7.1% for the same period.
The average rate for the prior week (2024-04-11) was
6.8% and
one month ago for the week of 2024-03-14, the
average rate was 6.66%.
Lynchburg's average rate one year ago was 6.39%.
For refis of the same type during the week of 2024-04-18, the average rate
was 7.75%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-04-18 | 7.1% |
| Lynchburg 30 Year Fixed Rate | 2024-04-18 | 6.92% |
| Lynchburg 30 Year Fixed Rate Refi | 2024-04-18 | 7.75% |
| Lynchburg 15 Year Fixed Rate | 2024-04-18 | 6.65% |
| Lynchburg 15 Year Fixed Rate Refi | 2024-04-18 | 6.69% |
| Lynchburg 30 Year FHA | 2024-04-18 | 6.83% |
| Lynchburg 30 Year FHA Refi | 2024-04-18 | 6.76% |
| Lynchburg 30 Year USDA | 2024-04-18 | 6.79% |
| Lynchburg 30 Year USDA Refi | 2024-04-18 | 6.66% |
| Lynchburg 30 Year VA | 2024-04-18 | 6.84% |
| Lynchburg 30 Year VA Refi | 2024-04-18 | 6.66% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within LYNCHBURG, VA.
LYNCHBURG 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 LYNCHBURG, VA 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.).
LYNCHBURG Average Closing Costs & Other Stats
LYNCHBURG, VA's 182 lenders originated 5,161
loans during 2023. The total origination value was $1,137,445,000, with an average loan value of
$220,392.
LYNCHBURG's average closing costs are $4,983.
The top LYNCHBURG lender as defined by loan originations is QUICKEN LOANS, LLC, with
197 loans originated. Their average total fees are
$5,793, which is $260
lower than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee LYNCHBURG lenders (with over 10 loans originated) are
Alcova Mortgage LLC ($3,578), CNB Bank ($3,760), Prosperity Home Mortgage, LLC ($3,777), First-Citizens Bank & Trust Company ($3,816) and Bank of America ($3,879).
The lowest rate LYNCHBURG lenders (with over 10 loans originated) are
CNB Bank (6.20%), CALIBER HOME LOANS, INC. (6.25%), First-Citizens Bank & Trust Company (6.30%), PROVIDENT FUNDING ASSOCIATES, L.P. (6.41%) and NVR Mortgage Finance, Inc. (6.46%).
LYNCHBURG, VA 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 |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $111,045,000 | $89,075,000 | -19.8% | 7.8% |
| MOVEMENT MORTGAGE, LLC | $89,385,000 | $56,870,000 | -36.4% | 5.0% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $60,650,000 | $55,655,000 | -8.2% | 4.9% |
| Truist | $100,290,000 | $45,610,000 | -54.5% | 4.0% |
| Alcova Mortgage LLC | $38,700,000 | $42,560,000 | 10.0% | 3.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $45,120,000 | $34,835,000 | -22.8% | 3.1% |
| Atlantic Coast Mortgage, LLC | $4,440,000 | $29,070,000 | 554.7% | 2.6% |
| Bank of the James | $40,735,000 | $26,075,000 | -36.0% | 2.3% |
| FREEDOM FIRST | $57,595,000 | $24,330,000 | -57.8% | 2.1% |
| FIRST BANCORP | $32,560,000 | $24,060,000 | -26.1% | 2.1% |
| MEMBER ONE | $23,255,000 | $23,595,000 | 1.5% | 2.1% |
| GREYSTONE SERVICING COMPANY LLC | $4,005,000 | $23,450,000 | 485.5% | 2.1% |
| EMBRACE HOME LOANS, INC. | $58,265,000 | $21,185,000 | -63.6% | 1.9% |
| Renasant Bank | $37,565,000 | $20,215,000 | -46.2% | 1.8% |
| THRIVE MORTGAGE, LLC | $19,880,000 | $20,095,000 | 1.1% | 1.8% |
| Mortgage Research Center, LLC | $23,890,000 | $18,730,000 | -21.6% | 1.6% |
| NATION ONE MORTGAGE CORPORATION | $33,920,000 | $18,240,000 | -46.2% | 1.6% |
| Select Bank | $14,235,000 | $17,720,000 | 24.5% | 1.6% |
| American National Bank and Trust Company | $44,580,000 | $15,205,000 | -65.9% | 1.3% |
| First-Citizens Bank & Trust Company | $20,850,000 | $13,625,000 | -34.7% | 1.2% |
| NVR Mortgage Finance, Inc. | $1,355,000 | $12,475,000 | 820.7% | 1.1% |
| BERKELEY POINT CAPITAL LLC | $17,845,000 | $12,205,000 | -31.6% | 1.1% |
| CNB Bank | $6,435,000 | $11,770,000 | 82.9% | 1.0% |
| First National Bank | $17,280,000 | $11,540,000 | -33.2% | 1.0% |
| Atlantic Union Bank | $20,150,000 | $10,920,000 | -45.8% | 1.0% |
| NAVY FEDERAL CREDIT UNION | $15,705,000 | $10,595,000 | -32.5% | 0.9% |
| Wells Fargo Bank | $26,430,000 | $10,435,000 | -60.5% | 0.9% |
| EMM LOANS LLC | $14,315,000 | $10,040,000 | -29.9% | 0.9% |
| Integrity Home Mortgage Corp | $14,640,000 | $9,800,000 | -33.1% | 0.9% |
| The Farmers Bank of Appomattox | $20,990,000 | $9,085,000 | -56.7% | 0.8% |
| CALIBER HOME LOANS, INC. | $8,720,000 | $9,030,000 | 3.6% | 0.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,970,000 | $8,610,000 | 73.2% | 0.8% |
| UNION HOME MORTGAGE CORP. | $4,290,000 | $7,865,000 | 83.3% | 0.7% |
| Bank of Botetourt | $6,950,000 | $7,620,000 | 9.6% | 0.7% |
| Citizens Bank | $30,400,000 | $7,610,000 | -75.0% | 0.7% |
| LOANDEPOT.COM, LLC | $15,915,000 | $7,565,000 | -52.5% | 0.7% |
| CARDINAL FINANCIAL | $14,110,000 | $7,550,000 | -46.5% | 0.7% |
| NEWREZ LLC | $3,550,000 | $7,505,000 | 111.4% | 0.7% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $5,360,000 | $7,200,000 | 34.3% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $11,335,000 | $7,020,000 | -38.1% | 0.6% |
| Eastern Bank | $7,005,000 | n/a | 0.6% | |
| PENNYMAC LOAN SERVICES, LLC | $9,305,000 | $6,570,000 | -29.4% | 0.6% |
| Bank of America | $9,520,000 | $6,550,000 | -31.2% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $13,830,000 | $6,345,000 | -54.1% | 0.6% |
| First Reliance Bank | $1,120,000 | $6,035,000 | 438.8% | 0.5% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $7,825,000 | $5,865,000 | -25.0% | 0.5% |
| TD Bank | $990,000 | $5,480,000 | 453.5% | 0.5% |
| GREYSTONE FUNDING COMPANY LLC | $5,405,000 | n/a | 0.5% | |
| USAA Federal Savings Bank | $6,665,000 | $5,240,000 | -21.4% | 0.5% |
| CENTRAL VIRGINIA | $7,255,000 | $5,180,000 | -28.6% | 0.5% |
| Virginia Credit Union, Inc. | $3,965,000 | $5,110,000 | 28.9% | 0.4% |
| NFM, INC. | $4,950,000 | $4,305,000 | -13.0% | 0.4% |
| Prosperity Home Mortgage, LLC | $9,400,000 | $4,160,000 | -55.7% | 0.4% |
| BLUE EAGLE CREDIT UNION | $3,100,000 | $4,065,000 | 31.1% | 0.4% |
| Frontier Community Bank | $4,065,000 | n/a | 0.4% | |
| NORTHMARQ CAPITAL FINANCE, L.L.C. | $4,055,000 | n/a | 0.4% | |
| American Mortgage & Equity Consultants, Inc. | $3,980,000 | n/a | 0.3% | |
| SWBC MORTGAGE CORPORATION | $5,895,000 | $3,970,000 | -32.7% | 0.3% |
| PNC Bank | $5,445,000 | $3,840,000 | -29.5% | 0.3% |
| Flagstar Bank, FSB | $5,130,000 | $3,775,000 | -26.4% | 0.3% |
| GUARANTEED RATE, INC. | $4,285,000 | $3,655,000 | -14.7% | 0.3% |
| United Bank | $20,455,000 | $3,355,000 | -83.6% | 0.3% |
| Pinnacle Bank | $205,000 | $3,310,000 | 1,514.6% | 0.3% |
| AMERICAN HERITAGE LENDING, INC. | $4,410,000 | $3,300,000 | -25.2% | 0.3% |
| MORTGAGE ACCESS CORP. | $2,775,000 | $3,295,000 | 18.7% | 0.3% |
| CMG MORTGAGE, INC. | $2,215,000 | $3,025,000 | 36.6% | 0.3% |
| Century Mortgage Company DBA Century Lending Company | $205,000 | $2,890,000 | 1,309.8% | 0.3% |
| PENTAGON FEDERAL CREDIT UNION | $5,055,000 | $2,795,000 | -44.7% | 0.2% |
| Carter Bank & Trust | $6,825,000 | $2,780,000 | -59.3% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $7,595,000 | $2,755,000 | -63.7% | 0.2% |
| Assurance Financial Group, L.L.C. | $5,660,000 | $2,700,000 | -52.3% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,975,000 | $2,675,000 | -32.7% | 0.2% |
| First Heritage Mortgage, LLC | $2,400,000 | $2,650,000 | 10.4% | 0.2% |
| AMERICAN FINANCIAL RESOURCES, INC. | $4,840,000 | $2,470,000 | -49.0% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $1,625,000 | $2,330,000 | 43.4% | 0.2% |
| JPMorgan Chase Bank | $5,195,000 | $2,230,000 | -57.1% | 0.2% |
| Carrington Mortgage Services, LLC | $2,305,000 | $2,090,000 | -9.3% | 0.2% |
| STATE EMPLOYEES' | $2,345,000 | $2,080,000 | -11.3% | 0.2% |
| First National Bank of Pennsylvania | $790,000 | $2,065,000 | 161.4% | 0.2% |
| GUILD MORTGAGE COMPANY | $1,445,000 | $2,065,000 | 42.9% | 0.2% |
| NBKC BANK | $1,815,000 | $2,055,000 | 13.2% | 0.2% |
| Discover Bank | $1,225,000 | $2,030,000 | 65.7% | 0.2% |
| U.S. Bank | $5,475,000 | $2,015,000 | -63.2% | 0.2% |
| C & F Mortgage Corporation | $2,620,000 | $1,990,000 | -24.0% | 0.2% |
| CAPITAL CENTER, L.L.C. | $5,115,000 | $1,980,000 | -61.3% | 0.2% |
| Plains Commerce Bank | $390,000 | $1,895,000 | 385.9% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $1,525,000 | $1,890,000 | 23.9% | 0.2% |
| FIRST COLONY MORTGAGE CORPORATION | $1,870,000 | n/a | 0.2% | |
| Ameris Bank | $3,055,000 | $1,855,000 | -39.3% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,065,000 | $1,850,000 | -10.4% | 0.2% |
| The Huntington National Bank | $410,000 | $1,830,000 | 346.3% | 0.2% |
| LOANPAL, LLC | $1,305,000 | $1,775,000 | 36.0% | 0.2% |
| BETTER MORTGAGE CORPORATION | $3,935,000 | $1,715,000 | -56.4% | 0.2% |
| First Horizon Bank | $810,000 | $1,700,000 | 109.9% | 0.1% |
| The Bank of Charlotte County | $1,675,000 | n/a | 0.1% | |
| Blue Ridge Bank | $11,955,000 | $1,650,000 | -86.2% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,335,000 | $1,620,000 | 21.3% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $945,000 | $1,615,000 | 70.9% | 0.1% |
| Member Options, LLC | $1,475,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $1,105,000 | $1,460,000 | 32.1% | 0.1% |
| Colonial Farm Credit, ACA | $405,000 | $1,445,000 | 256.8% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,460,000 | $1,440,000 | -41.5% | 0.1% |
| The Federal Savings Bank | $1,380,000 | $1,370,000 | -0.7% | 0.1% |
| AMERICAN FINANCING CORPORATION | $2,980,000 | $1,355,000 | -54.5% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $5,170,000 | $1,320,000 | -74.5% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $1,330,000 | $1,315,000 | -1.1% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $460,000 | $1,310,000 | 184.8% | 0.1% |
| LANGLEY | $510,000 | $1,290,000 | 152.9% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $270,000 | $1,285,000 | 375.9% | 0.1% |
| George Mason Mortgage, LLC | $4,715,000 | $1,280,000 | -72.9% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $2,965,000 | $1,260,000 | -57.5% | 0.1% |
| SOUTHERN TRUST MORTGAGE, LLC | $1,255,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $3,870,000 | $1,235,000 | -68.1% | 0.1% |
| TOWNE MORTGAGE COMPANY | $370,000 | $1,210,000 | 227.0% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $3,075,000 | $1,200,000 | -61.0% | 0.1% |
| Commerce Bank | $1,155,000 | n/a | 0.1% | |
| BROKER SOLUTIONS, INC. | $6,550,000 | $1,110,000 | -83.1% | 0.1% |
| Mid-Continent Funding, Inc. | $275,000 | $1,075,000 | 290.9% | 0.1% |
| Figure Lending LLC | $1,115,000 | $1,070,000 | -4.0% | 0.1% |
| Ally Bank | $1,870,000 | $1,060,000 | -43.3% | 0.1% |
| Fulton Bank | $2,575,000 | $1,055,000 | -59.0% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,030,000 | n/a | 0.1% | |
| FIRST SAVINGS MORTGAGE CORPORATION | $485,000 | $1,030,000 | 112.4% | 0.1% |
| F & M BANK CORP. | $1,660,000 | $1,030,000 | -38.0% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,325,000 | $1,020,000 | -23.0% | 0.1% |
| The Central Trust Bank | $1,255,000 | $1,010,000 | -19.5% | 0.1% |
| Citadel Servicing Corporation | $175,000 | $985,000 | 462.9% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $940,000 | n/a | 0.1% | |
| FIDELITY DIRECT MORTGAGE, LLC | $275,000 | $910,000 | 230.9% | 0.1% |
| Towne Bank | $1,255,000 | $885,000 | -29.5% | 0.1% |
| Lakeview Community Capital, LLC | $515,000 | $875,000 | 69.9% | 0.1% |
| CBM Mortgage, Inc. | $525,000 | $870,000 | 65.7% | 0.1% |
| SIRVA MORTGAGE, INC. | $865,000 | n/a | 0.1% | |
| NATIONS DIRECT MORTGAGE, LLC | $320,000 | $850,000 | 165.6% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $900,000 | $825,000 | -8.3% | 0.1% |
| DUPONT COMMUNITY | $4,440,000 | $815,000 | -81.6% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $890,000 | $815,000 | -8.4% | 0.1% |
| HOMESPIRE MORTGAGE CORPORATION | $1,435,000 | $810,000 | -43.6% | 0.1% |
| Waterstone Mortgage Corporation | $1,370,000 | $790,000 | -42.3% | 0.1% |
| PLANET HOME LENDING, LLC | $885,000 | $775,000 | -12.4% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $2,160,000 | $770,000 | -64.4% | 0.1% |
| INTERCOASTAL MORTGAGE COMPANY | $2,550,000 | $755,000 | -70.4% | 0.1% |
| South State Bank | $2,205,000 | $750,000 | -66.0% | 0.1% |
| Citizens Bank and Trust Company | $90,000 | $735,000 | 716.7% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $410,000 | $730,000 | 78.0% | 0.1% |
| UBS Bank USA | $905,000 | $720,000 | -20.4% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $450,000 | $710,000 | 57.8% | 0.1% |
| Bank of Oak Ridge | $255,000 | $705,000 | 176.5% | 0.1% |
| EASTMAN | $695,000 | n/a | 0.1% | |
| SeaTrust Mortgage Company | $425,000 | $665,000 | 56.5% | 0.1% |
| The Freedom Bank of Virginia | $125,000 | $655,000 | 424.0% | 0.1% |
| DIRECT MORTGAGE LOANS, LLC | $645,000 | $645,000 | 0.0% | 0.1% |
| Leader Bank | $645,000 | n/a | 0.1% | |
| MILEND, INC. | $400,000 | $640,000 | 60.0% | 0.1% |
| Bank of England | $1,385,000 | $625,000 | -54.9% | 0.1% |
| DHI MORTGAGE COMPANY, LTD. | $620,000 | n/a | 0.1% | |
| GUARANTY HOME MORTGAGE CORPORATION | $11,440,000 | $620,000 | -94.6% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $900,000 | $615,000 | -31.7% | 0.1% |
| Citizens and Farmers Bank | $45,000 | $605,000 | 1,244.4% | 0.1% |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $600,000 | n/a | 0.1% | |
| Metro City Bank | $695,000 | $595,000 | -14.4% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $940,000 | $575,000 | -38.8% | 0.1% |
| CLEARPATH LENDING | $1,130,000 | $570,000 | -49.6% | 0.1% |
| GSF Mortgage Corporation | $185,000 | $565,000 | 205.4% | 0.0% |
| GENERAL ELECTRIC EMPLOYEES FEDERAL CREDIT UNION | $415,000 | $555,000 | 33.7% | 0.0% |
| Ixonia Bank | $1,380,000 | $540,000 | -60.9% | 0.0% |
| SPRING EQ, LLC | $355,000 | $530,000 | 49.3% | 0.0% |
| ZILLOW HOME LOANS, LLC | $960,000 | $530,000 | -44.8% | 0.0% |
| Morgan Stanley Private Bank | $375,000 | $525,000 | 40.0% | 0.0% |
| M&T Bank | $1,305,000 | $510,000 | -60.9% | 0.0% |
| FAY SERVICING, LLC | $525,000 | $485,000 | -7.6% | 0.0% |
| First Bank | $165,000 | $485,000 | 193.9% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $605,000 | $485,000 | -19.8% | 0.0% |
| Presidential Bank, FSB | $2,690,000 | $480,000 | -82.2% | 0.0% |
| KeyBank | $1,160,000 | $475,000 | -59.1% | 0.0% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $470,000 | n/a | 0.0% | |
| The Old Point National Bank of Phoebus | $425,000 | $445,000 | 4.7% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $125,000 | $440,000 | 252.0% | 0.0% |
| Tidewater Home Funding, LLC | $215,000 | $425,000 | 97.7% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $1,540,000 | $420,000 | -72.7% | 0.0% |
| LENDINGONE, LLC | $175,000 | $420,000 | 140.0% | 0.0% |
| AmeriHome Mortgage Company, LLC | $1,245,000 | $415,000 | -66.7% | 0.0% |
| GENEVA FINANCIAL, LLC | $225,000 | $415,000 | 84.4% | 0.0% |
| TIDEWATER MORTGAGE SERVICES, INC. | $885,000 | $415,000 | -53.1% | 0.0% |
| Truliant Federal Credit Union | $725,000 | $415,000 | -42.8% | 0.0% |
| AgFirst Farm Credit Bank | $1,395,000 | $395,000 | -71.7% | 0.0% |
| Aurora Financial, LLC | $195,000 | $395,000 | 102.6% | 0.0% |
| Gateway First Bank | $135,000 | $395,000 | 192.6% | 0.0% |
| Suncoast Credit Union | $395,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $155,000 | $390,000 | 151.6% | 0.0% |
| TOTAL MORTGAGE SERVICES, LLC | $295,000 | $390,000 | 32.2% | 0.0% |
| CANOPY MORTGAGE, LLC | $385,000 | n/a | 0.0% | |
| University Bank | $385,000 | n/a | 0.0% | |
| OAKTREE FUNDING CORP. | $185,000 | $370,000 | 100.0% | 0.0% |
| Northpointe Bank | $1,655,000 | $365,000 | -77.9% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $800,000 | $355,000 | -55.6% | 0.0% |
| UTILITIES EMPLOYEES CREDIT UNION | $340,000 | n/a | 0.0% | |
| BNC National Bank | $760,000 | $335,000 | -55.9% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $120,000 | $330,000 | 175.0% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $325,000 | n/a | 0.0% | |
| COASTAL Federal Credit Union | $1,140,000 | $325,000 | -71.5% | 0.0% |
| BECKAM FUNDING CORP. | $315,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $305,000 | n/a | 0.0% | |
| Summit Mortgage Corporation | $305,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $385,000 | $300,000 | -22.1% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $295,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $295,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $290,000 | n/a | 0.0% | |
| 1st Summit Bank | $325,000 | $285,000 | -12.3% | 0.0% |
| MISSION MORTGAGE LLC | $285,000 | n/a | 0.0% | |
| ValleyStar Credit Union | $2,335,000 | $280,000 | -88.0% | 0.0% |
| Farm Credit of the Virginias, ACA | $970,000 | $275,000 | -71.6% | 0.0% |
| GoPrime Mortgage, Inc. | $75,000 | $275,000 | 266.7% | 0.0% |
| Legends Bank | $275,000 | n/a | 0.0% | |
| MIDLAND MORTGAGE CORPORATION | $260,000 | $275,000 | 5.8% | 0.0% |
| North American Savings Bank, F.S.B. | $2,125,000 | $275,000 | -87.1% | 0.0% |
| Charles Schwab Bank, SSB | $3,610,000 | $265,000 | -92.7% | 0.0% |
| First Bank | $165,000 | $255,000 | 54.5% | 0.0% |
| GRANITE FEDERAL CREDIT UNION | $255,000 | n/a | 0.0% | |
| RESIDENTIAL HOME FUNDING CORP. | $255,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $245,000 | n/a | 0.0% | |
| FIDELITY BANK | $245,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $1,690,000 | $245,000 | -85.5% | 0.0% |
| FirstBank | $1,715,000 | $235,000 | -86.3% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,785,000 | $235,000 | -86.8% | 0.0% |
| Shore United Bank | $235,000 | n/a | 0.0% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $265,000 | $235,000 | -11.3% | 0.0% |
| Coastal Community Bank | $225,000 | n/a | 0.0% | |
| Colonial Savings, F.A. | $265,000 | $225,000 | -15.1% | 0.0% |
| Kwik Mortgage Corporation | $1,645,000 | $225,000 | -86.3% | 0.0% |
| LIBRARY OF CONGRESS | $225,000 | n/a | 0.0% | |
| NexBank | $225,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $615,000 | $225,000 | -63.4% | 0.0% |
| Skyline National Bank | $260,000 | $225,000 | -13.5% | 0.0% |
| VILLAGE BANK MORTGAGE CORPORATION | $160,000 | $225,000 | 40.6% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $2,040,000 | $215,000 | -89.5% | 0.0% |
| First Merchants Bank | $215,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $215,000 | n/a | 0.0% | |
| The State Bank and Trust Company | $215,000 | n/a | 0.0% | |
| Kish Bank | $205,000 | n/a | 0.0% | |
| MEMBERS 1ST FEDERAL CREDIT UNION | $205,000 | n/a | 0.0% | |
| CORNERSTONE HOME LENDING, INC. | $880,000 | $195,000 | -77.8% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $1,975,000 | $195,000 | -90.1% | 0.0% |
| Appalachian Community Federal Credit Union | $185,000 | n/a | 0.0% | |
| C&F Select LLC | $185,000 | n/a | 0.0% | |
| COMPASS MORTGAGE, INC. | $105,000 | $185,000 | 76.2% | 0.0% |
| HOMESTEAD FUNDING CORP. | $185,000 | n/a | 0.0% | |
| Northwest Federal Credit Union | $420,000 | $185,000 | -56.0% | 0.0% |
| GVC MORTGAGE, INC. | $175,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $175,000 | n/a | 0.0% | |
| A&D Mortgage LLC | $235,000 | $165,000 | -29.8% | 0.0% |
| ALLIANT CREDIT UNION | $105,000 | $165,000 | 57.1% | 0.0% |
| GMFS LLC | $165,000 | n/a | 0.0% | |
| LOANLEADERS OF AMERICA, INC. | $165,000 | n/a | 0.0% | |
| PATRIOT | $165,000 | n/a | 0.0% | |
| PROPONENT Federal Credit Union | $125,000 | $165,000 | 32.0% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $590,000 | $160,000 | -72.9% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $145,000 | $155,000 | 6.9% | 0.0% |
| Hometown Equity Mortgage, LLC | $205,000 | $155,000 | -24.4% | 0.0% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $155,000 | n/a | 0.0% | |
| Raymond James Bank | $155,000 | n/a | 0.0% | |
| S&T Bank | $155,000 | n/a | 0.0% | |
| NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION | $145,000 | n/a | 0.0% | |
| RANLIFE, INC. | $145,000 | n/a | 0.0% | |
| OCMBC, INC. | $140,000 | n/a | 0.0% | |
| United Nations Federal Credit Union | $135,000 | n/a | 0.0% | |
| AMCAP MORTGAGE, LTD. | $125,000 | n/a | 0.0% | |
| Community Trust Bank, Inc. | $125,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $125,000 | n/a | 0.0% | |
| HighTechLending Inc | $125,000 | n/a | 0.0% | |
| Univest Bank and Trust Co. | $125,000 | n/a | 0.0% | |
| NEXTMARK | $115,000 | n/a | 0.0% | |
| American Security Mortgage Corp. | $85,000 | $105,000 | 23.5% | 0.0% |
| ATLANTA POSTAL | $105,000 | n/a | 0.0% | |
| DOMINION ENERGY CREDIT UNION | $105,000 | n/a | 0.0% | |
| Benchmark Community Bank | $100,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $910,000 | $95,000 | -89.6% | 0.0% |
| Southern Bank and Trust Company | $380,000 | $95,000 | -75.0% | 0.0% |
| UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION,INC. | $385,000 | $90,000 | -76.6% | 0.0% |
| COMMONWEALTH ONE FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
| First Community Bank | $1,755,000 | $85,000 | -95.2% | 0.0% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
| The Camden National Bank | $85,000 | n/a | 0.0% | |
| Connexus Credit Union | $75,000 | n/a | 0.0% | |
| CHARTWAY FEDERAL CREDIT UNION | $65,000 | n/a | 0.0% | |
| HANSCOM | $475,000 | $65,000 | -86.3% | 0.0% |
| JUSTICE Federal Credit Union | $65,000 | n/a | 0.0% | |
| The Fidelity Bank | $1,340,000 | $65,000 | -95.1% | 0.0% |
| TOWER | $555,000 | $65,000 | -88.3% | 0.0% |
| GEORGIA'S OWN | $165,000 | $55,000 | -66.7% | 0.0% |
| Signature Federal Credit Union | $55,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $55,000 | n/a | 0.0% | |
| ALLEGACY FEDERAL CREDIT UNION | $45,000 | $45,000 | 0.0% | 0.0% |
| Celco Community Federal Credit Union | $45,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $335,000 | $25,000 | -92.5% | 0.0% |
| HomeTrust Bank | $235,000 | $25,000 | -89.4% | 0.0% |
LYNCHBURG's top lender by overall market share is QUICKEN LOANS, LLC, with 7.8% market share. In second place, with 5.0%, is MOVEMENT MORTGAGE, LLC, having originated $56,870,000 in loans. In third place, with 4.9%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $55,655,000 in loans. In fourth place, with 4.0%, is Truist, having originated $45,610,000 in loans. In fifth place, with 3.7%, is Alcova Mortgage LLC, having originated $42,560,000 in loans.
LYNCHBURG Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - LYNCHBURG (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $219,900 (15.8%) | $285,047 (10.3%) | 0.82 | 996 |
| 2018-02-01 | $221,950 (14.0%) | $283,114 (7.2%) | 0.81 | 990 |
| 2018-03-01 | $229,900 (15.0%) | $289,916 (6.3%) | 0.81 | 1,065 |
| 2018-04-01 | $232,700 (16.4%) | $293,423 (8.3%) | 0.79 | 1,119 |
| 2018-05-01 | $138,800 (-33.9%) | $214,187 (-22.6%) | 0.46 | 2,080 |
| 2018-06-01 | $139,900 (-33.2%) | $216,018 (-21.4%) | 0.47 | 2,164 |
| 2018-07-01 | $139,450 (-32.0%) | $214,095 (-22.6%) | 0.47 | 2,199 |
| 2018-08-01 | $136,250 (-35.1%) | $211,025 (-24.6%) | 0.46 | 2,190 |
| 2018-09-01 | $134,925 (-40.0%) | $208,440 (-27.9%) | 0.45 | 2,241 |
| 2018-10-01 | $132,125 (-39.9%) | $205,276 (-28.7%) | 0.45 | 2,219 |
| 2018-11-01 | $127,500 (-42.0%) | $200,669 (-29.4%) | 0.43 | 2,182 |
| 2018-12-01 | $119,950 (-45.5%) | $194,361 (-31.1%) | 0.41 | 2,078 |
| 2019-01-01 | $119,900 (-45.5%) | $192,948 (-32.3%) | 0.41 | 1,898 |
| 2019-02-01 | $115,225 (-48.1%) | $191,941 (-32.2%) | 0.39 | 1,859 |
| 2019-03-01 | $168,386 (-26.8%) | $236,713 (-18.4%) | 0.55 | 1,470 |
| 2019-04-01 | $239,913 (3.1%) | $296,802 (1.2%) | 0.76 | 980 |
| 2019-05-01 | $241,475 (74.0%) | $302,782 (41.4%) | 0.75 | 991 |
| 2019-06-01 | $239,900 (71.5%) | $306,485 (41.9%) | 0.75 | 989 |
| 2019-07-01 | $241,200 (73.0%) | $310,959 (45.2%) | 0.76 | 996 |
| 2019-08-01 | $241,973 (77.6%) | $319,339 (51.3%) | 0.77 | 1,006 |
| 2019-09-01 | $246,432 (82.6%) | $333,173 (59.8%) | 0.79 | 1,017 |
| 2019-10-01 | $244,405 (85.0%) | $337,067 (64.2%) | 0.79 | 1,025 |
| 2019-11-01 | $235,000 (84.3%) | $333,901 (66.4%) | 0.77 | 989 |
| 2019-12-01 | $230,750 (92.4%) | $302,138 (55.5%) | 0.77 | 903 |
| 2020-01-01 | $238,800 (99.2%) | $304,595 (57.9%) | 0.80 | 818 |
| 2020-02-01 | $249,500 (116.5%) | $312,072 (62.6%) | 0.82 | 770 |
| 2020-03-01 | $252,450 (49.9%) | $321,029 (35.6%) | 0.79 | 763 |
| 2020-04-01 | $253,400 (5.6%) | $325,967 (9.8%) | 0.79 | 781 |
| 2020-05-01 | $255,000 (5.6%) | $336,538 (11.2%) | 0.78 | 683 |
| 2020-06-01 | $266,150 (10.9%) | $350,179 (14.3%) | 0.78 | 620 |
| 2020-07-01 | $261,950 (8.6%) | $404,081 (30.0%) | 0.76 | 578 |
| 2020-08-01 | $259,900 (7.4%) | $407,743 (27.7%) | 0.74 | 553 |
| 2020-09-01 | $259,000 (5.1%) | $400,737 (20.3%) | 0.74 | 550 |
| 2020-10-01 | $249,000 (1.9%) | $406,716 (20.7%) | 0.71 | 556 |
| 2020-11-01 | $249,900 (6.3%) | $409,487 (22.6%) | 0.73 | 544 |
| 2020-12-01 | $244,913 (6.1%) | $421,895 (39.6%) | 0.73 | 495 |
| 2021-01-01 | $249,900 (4.7%) | $438,160 (43.9%) | 0.75 | 413 |
| 2021-02-01 | $256,150 (2.7%) | $474,912 (52.2%) | 0.75 | 338 |
| 2021-03-01 | $257,400 (2.0%) | $473,087 (47.4%) | 0.73 | 352 |
| 2021-04-01 | $277,325 (9.4%) | $507,128 (55.6%) | 0.75 | 332 |
| 2021-05-01 | $274,975 (7.8%) | $464,859 (38.1%) | 0.73 | 343 |
| 2021-06-01 | $288,650 (8.5%) | $469,332 (34.0%) | 0.76 | 367 |
| 2021-07-01 | $279,900 (6.9%) | $448,163 (10.9%) | 0.74 | 434 |
| 2021-08-01 | $277,675 (6.8%) | $439,546 (7.8%) | 0.74 | 448 |
| 2021-09-01 | $290,550 (12.2%) | $450,514 (12.4%) | 0.77 | 457 |
| 2021-10-01 | $289,900 (16.4%) | $447,457 (10.0%) | 0.77 | 445 |
| 2021-11-01 | $295,350 (18.2%) | $454,990 (11.1%) | 0.79 | 392 |
| 2021-12-01 | $289,900 (18.4%) | $402,412 (-4.6%) | 0.79 | 338 |
| 2022-01-01 | $284,900 (14.0%) | $355,839 (-18.8%) | 0.77 | 279 |
| 2022-02-01 | $297,000 (16.0%) | $363,157 (-23.5%) | 0.77 | 266 |
| 2022-03-01 | $322,450 (25.3%) | $387,313 (-18.1%) | 0.81 | 264 |
| 2022-04-01 | $324,988 (17.2%) | $387,493 (-23.6%) | 0.77 | 266 |
| 2022-05-01 | $329,675 (19.9%) | $395,404 (-14.9%) | 0.75 | 330 |
| 2022-06-01 | $334,575 (15.9%) | $396,615 (-15.5%) | 0.75 | 395 |
| 2022-07-01 | $330,000 (17.9%) | $411,383 (-8.2%) | 0.74 | 460 |
| 2022-08-01 | $334,450 (20.5%) | $412,731 (-6.1%) | 0.77 | 457 |
| 2022-09-01 | $317,450 (9.3%) | $401,510 (-10.9%) | 0.74 | 435 |
| 2022-10-01 | $329,900 (13.8%) | $409,964 (-8.4%) | 0.78 | 428 |
| 2022-11-01 | $336,975 (14.1%) | $418,160 (-8.1%) | 0.81 | 437 |
| 2022-12-01 | $329,000 (13.5%) | $401,317 (-0.3%) | 0.81 | 396 |
| 2023-01-01 | $323,500 (13.6%) | $399,877 (12.4%) | 0.80 | 369 |
| 2023-02-01 | $329,913 (11.1%) | $406,774 (12.0%) | 0.80 | 334 |
| 2023-03-01 | $339,450 (5.3%) | $418,526 (8.1%) | 0.80 | 348 |
| 2023-04-01 | $334,900 (3.1%) | $420,821 (8.6%) | 0.78 | 379 |
| 2023-05-01 | $329,500 (-0.1%) | $431,384 (9.1%) | 0.75 | 401 |
| 2023-06-01 | $348,650 (4.2%) | $457,478 (15.4%) | 0.78 | 419 |
| 2023-07-01 | $349,250 (5.8%) | $456,974 (11.1%) | 0.79 | 449 |
| 2023-08-01 | $349,350 (4.5%) | $462,692 (12.1%) | 0.80 | 514 |
| 2023-09-01 | $332,450 (4.7%) | $443,546 (10.5%) | 0.77 | 506 |
| 2023-10-01 | $339,450 (2.9%) | $436,305 (6.4%) | 0.80 | 552 |
| 2023-11-01 | $347,000 (3.0%) | $443,251 (6.0%) | 0.83 | 570 |
| 2023-12-01 | $339,900 (3.3%) | $441,167 (9.9%) | 0.83 | 538 |
| 2024-01-01 | $339,950 (5.1%) | $443,663 (11.0%) | 0.83 | 513 |
| 2024-02-01 | $334,475 (1.4%) | $430,428 (5.8%) | 0.81 | 512 |
| 2024-03-01 | $337,380 (-0.6%) | $439,389 (5.0%) | 0.79 | 518 |
LYNCHBURG's median listing price for 2024-03-01 was $337,380, a difference of
$-2,070
(-0.6%) versus the prior year and
$2,905 versus the prior month.
LYNCHBURG's median listing price comes in at 79% of the national average.
LYNCHBURG's average listing price for 2024-03-01 was $439,389, a difference of $20,863 (5.0%) versus the prior year and $8,961 versus the prior month.
For the 2024-03-01 period, LYNCHBURG had 518 MLS listings, a difference of 6 listings (1%) versus the prior month and 170 listings (49%) versus the prior year.
LYNCHBURG's median listing price comes in at 79% of the national average.
LYNCHBURG's average listing price for 2024-03-01 was $439,389, a difference of $20,863 (5.0%) versus the prior year and $8,961 versus the prior month.
For the 2024-03-01 period, LYNCHBURG had 518 MLS listings, a difference of 6 listings (1%) versus the prior month and 170 listings (49%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - LYNCHBURG (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 93 days | 1,973 sqft |
| 2018-02-01 | 86 days | 1,976 sqft |
| 2018-03-01 | 64 days | 1,990 sqft |
| 2018-04-01 | 56 days | 2,023 sqft |
| 2018-05-01 | 78 days | 2,049 sqft |
| 2018-06-01 | 82 days | 2,084 sqft |
| 2018-07-01 | 86 days | 2,051 sqft |
| 2018-08-01 | 86 days | 2,016 sqft |
| 2018-09-01 | 88 days | 2,005 sqft |
| 2018-10-01 | 89 days | 1,988 sqft |
| 2018-11-01 | 94 days | 1,947 sqft |
| 2018-12-01 | 110 days | 1,920 sqft |
| 2019-01-01 | 115 days | 1,953 sqft |
| 2019-02-01 | 116 days | 1,952 sqft |
| 2019-03-01 | 90 days | 1,992 sqft |
| 2019-04-01 | 55 days | 2,015 sqft |
| 2019-05-01 | 55 days | 2,001 sqft |
| 2019-06-01 | 57 days | 2,070 sqft |
| 2019-07-01 | 62 days | 2,109 sqft |
| 2019-08-01 | 64 days | 2,081 sqft |
| 2019-09-01 | 66 days | 2,052 sqft |
| 2019-10-01 | 67 days | 2,021 sqft |
| 2019-11-01 | 74 days | 1,984 sqft |
| 2019-12-01 | 82 days | 1,955 sqft |
| 2020-01-01 | 88 days | 1,959 sqft |
| 2020-02-01 | 75 days | 1,968 sqft |
| 2020-03-01 | 57 days | 1,984 sqft |
| 2020-04-01 | 59 days | 1,992 sqft |
| 2020-05-01 | 66 days | 2,001 sqft |
| 2020-06-01 | 64 days | 2,097 sqft |
| 2020-07-01 | 58 days | 2,095 sqft |
| 2020-08-01 | 52 days | 2,095 sqft |
| 2020-09-01 | 53 days | 2,042 sqft |
| 2020-10-01 | 51 days | 1,891 sqft |
| 2020-11-01 | 60 days | 1,909 sqft |
| 2020-12-01 | 65 days | 1,867 sqft |
| 2021-01-01 | 72 days | 1,850 sqft |
| 2021-02-01 | 69 days | 1,850 sqft |
| 2021-03-01 | 47 days | 1,841 sqft |
| 2021-04-01 | 43 days | 1,885 sqft |
| 2021-05-01 | 43 days | 1,872 sqft |
| 2021-06-01 | 41 days | 1,887 sqft |
| 2021-07-01 | 38 days | 1,880 sqft |
| 2021-08-01 | 42 days | 1,932 sqft |
| 2021-09-01 | 42 days | 1,896 sqft |
| 2021-10-01 | 46 days | 1,875 sqft |
| 2021-11-01 | 51 days | 1,873 sqft |
| 2021-12-01 | 58 days | 1,793 sqft |
| 2022-01-01 | 61 days | 1,730 sqft |
| 2022-02-01 | 46 days | 1,746 sqft |
| 2022-03-01 | 36 days | 1,870 sqft |
| 2022-04-01 | 37 days | 1,884 sqft |
| 2022-05-01 | 33 days | 1,913 sqft |
| 2022-06-01 | 33 days | 1,967 sqft |
| 2022-07-01 | 39 days | 1,962 sqft |
| 2022-08-01 | 49 days | 1,941 sqft |
| 2022-09-01 | 51 days | 1,852 sqft |
| 2022-10-01 | 51 days | 1,817 sqft |
| 2022-11-01 | 51 days | 1,871 sqft |
| 2022-12-01 | 61 days | 1,800 sqft |
| 2023-01-01 | 61 days | 1,792 sqft |
| 2023-02-01 | 44 days | 1,733 sqft |
| 2023-03-01 | 44 days | 1,817 sqft |
| 2023-04-01 | 38 days | 1,800 sqft |
| 2023-05-01 | 40 days | 1,763 sqft |
| 2023-06-01 | 47 days | 1,898 sqft |
| 2023-07-01 | 42 days | 1,870 sqft |
| 2023-08-01 | 41 days | 1,877 sqft |
| 2023-09-01 | 50 days | 1,895 sqft |
| 2023-10-01 | 46 days | 1,878 sqft |
| 2023-11-01 | 52 days | 1,865 sqft |
| 2023-12-01 | 60 days | 1,871 sqft |
| 2024-01-01 | 59 days | 1,832 sqft |
| 2024-02-01 | 50 days | 1,775 sqft |
| 2024-03-01 | 51 days | 1,784 sqft |
LYNCHBURG's median listing age (time on market) for 2024-03-01 was 51 days.
This
is 17%
longer
than the same period one year ago.
LYNCHBURG's median square footage for active listings during the 2024-03-01 period was 1,784 sqft. One year prior, the average listing was 1,817 sqft.
LYNCHBURG's median square footage for active listings during the 2024-03-01 period was 1,784 sqft. One year prior, the average listing was 1,817 sqft.
LYNCHBURG, VA Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 22922 | Lynchburg, VA MSA | $930 | $960 | $1,140 | $1,410 | $1,770 |
| 22967 | Lynchburg, VA MSA | $930 | $960 | $1,140 | $1,410 | $1,770 |
| 23958 | Lynchburg, VA MSA | $780 | $790 | $900 | $1,220 | $1,350 |
| 23960 | Lynchburg, VA MSA | $770 | $780 | $890 | $1,200 | $1,330 |
| 23963 | Lynchburg, VA MSA | $730 | $740 | $840 | $1,140 | $1,260 |
| 24064 | Lynchburg, VA MSA | $690 | $750 | $900 | $1,230 | $1,380 |
| 24095 | Lynchburg, VA MSA | $900 | $920 | $1,040 | $1,410 | $1,560 |
| 24101 | Lynchburg, VA MSA | $830 | $840 | $1,090 | $1,350 | $1,510 |
| 24104 | Lynchburg, VA MSA | $690 | $700 | $790 | $1,080 | $1,190 |
| 24121 | Lynchburg, VA MSA | $850 | $860 | $1,030 | $1,340 | $1,490 |
| 24122 | Lynchburg, VA MSA | $680 | $730 | $860 | $1,170 | $1,310 |
| 24139 | Lynchburg, VA MSA | $690 | $700 | $790 | $1,080 | $1,190 |
| 24174 | Lynchburg, VA MSA | $690 | $700 | $790 | $1,080 | $1,190 |
| 24179 | Lynchburg, VA MSA | $690 | $740 | $900 | $1,230 | $1,380 |
| 24483 | Lynchburg, VA MSA | $930 | $960 | $1,140 | $1,410 | $1,770 |
| 24501 | Lynchburg, VA MSA | $830 | $850 | $960 | $1,300 | $1,440 |
| 24502 | Lynchburg, VA MSA | $980 | $990 | $1,130 | $1,540 | $1,690 |
| 24503 | Lynchburg, VA MSA | $810 | $820 | $930 | $1,260 | $1,390 |
| 24504 | Lynchburg, VA MSA | $830 | $850 | $960 | $1,300 | $1,440 |
| 24505 | Lynchburg, VA MSA | $840 | $850 | $970 | $1,320 | $1,450 |
| 24506 | Lynchburg, VA MSA | $840 | $850 | $970 | $1,320 | $1,450 |
| 24513 | Lynchburg, VA MSA | $840 | $850 | $970 | $1,320 | $1,450 |
| 24517 | Lynchburg, VA MSA | $690 | $700 | $790 | $1,080 | $1,190 |
| 24521 | Lynchburg, VA MSA | $930 | $960 | $1,140 | $1,410 | $1,770 |
| 24522 | Lynchburg, VA MSA | $690 | $700 | $790 | $1,080 | $1,190 |
| 24523 | Lynchburg, VA MSA | $810 | $820 | $930 | $1,260 | $1,390 |
| 24526 | Lynchburg, VA MSA | $850 | $860 | $980 | $1,330 | $1,470 |
| 24528 | Lynchburg, VA MSA | $750 | $770 | $870 | $1,180 | $1,300 |
| 24533 | Lynchburg, VA MSA | $730 | $740 | $840 | $1,140 | $1,260 |
| 24536 | Lynchburg, VA MSA | $830 | $850 | $960 | $1,300 | $1,430 |
| 24538 | Lynchburg, VA MSA | $690 | $700 | $790 | $1,080 | $1,190 |
| 24550 | Lynchburg, VA MSA | $740 | $760 | $860 | $1,170 | $1,290 |
| 24551 | Lynchburg, VA MSA | $900 | $920 | $1,040 | $1,410 | $1,560 |
| 24553 | Lynchburg, VA MSA | $930 | $960 | $1,140 | $1,410 | $1,770 |
| 24554 | Lynchburg, VA MSA | $690 | $700 | $790 | $1,080 | $1,190 |
| 24556 | Lynchburg, VA MSA | $860 | $870 | $990 | $1,340 | $1,480 |
| 24569 | Lynchburg, VA MSA | $730 | $740 | $840 | $1,140 | $1,260 |
| 24570 | Lynchburg, VA MSA | $850 | $860 | $980 | $1,330 | $1,470 |
| 24571 | Lynchburg, VA MSA | $690 | $700 | $790 | $1,080 | $1,190 |
| 24572 | Lynchburg, VA MSA | $700 | $710 | $810 | $1,100 | $1,210 |
| 24574 | Lynchburg, VA MSA | $780 | $790 | $900 | $1,220 | $1,350 |
| 24576 | Lynchburg, VA MSA | $730 | $740 | $840 | $1,140 | $1,260 |
| 24588 | Lynchburg, VA MSA | $690 | $700 | $790 | $1,080 | $1,190 |
| 24593 | Lynchburg, VA MSA | $740 | $750 | $850 | $1,160 | $1,270 |
| 24595 | Lynchburg, VA MSA | $760 | $770 | $880 | $1,190 | $1,320 |
2022 Average & Median Rent Data Statistics
LYNCHBURG, VA average 1BR rent: $806, median: $790
LYNCHBURG, VA average 2BR rent: $927, median: $900
LYNCHBURG, VA average 3BR rent: $1,241, median: $1,230
LYNCHBURG, VA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,995 | $769,185,000 | $256,823 |
| Cash Out Refi | 602 | $123,010,000 | $204,336 |
| Other | 560 | $52,210,000 | $93,232 |
| Refi | 535 | $118,125,000 | $220,794 |
| Home Improvement | 468 | $40,910,000 | $87,415 |
| NA | 1 | $34,005,000 | $34,005,000 |
Lynchburg's most frequently cited loan purpose was Home Purchase, with 2,995 originations. The 2nd most popular reason was Cash Out Refi, with 602 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,917 | $447,735,000 | $233,560 |
| 7-8% | 1,224 | $252,980,000 | $206,683 |
| Over 8% | 740 | $88,250,000 | $119,257 |
| 5-6% | 730 | $218,270,000 | $299,000 |
| 4-5% | 135 | $23,885,000 | $176,926 |
| 3-4% | 12 | $1,310,000 | $109,167 |
| 2.5-3% | 6 | $860,000 | $143,333 |
| <2.5% | 2 | $50,000 | $25,000 |
During 2023, Lynchburg's most frequently originated rate bucket was 6-7%, with 1,917 originations.
Loan Sizing (LYNCHBURG, VA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,806 | $490,040,000 | $271,340 |
| $100k-200k | 1,638 | $242,070,000 | $147,784 |
| $100,000 or less | 1,291 | $69,485,000 | $53,823 |
| $400k-600k | 287 | $134,845,000 | $469,843 |
| $600k-1000k | 106 | $76,640,000 | $723,019 |
| $Over $1MM | 33 | $124,365,000 | $3,768,636 |
LYNCHBURG's loan sizing saw the bucket of loans from $200k-400k with 1,806 originations, totaling $490,040,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,953 | $518,305,000 | $265,389 |
| 60-80% | 1,003 | $287,895,000 | $287,034 |
| Under 20% | 658 | $31,170,000 | $47,371 |
| 20-40% | 619 | $63,865,000 | $103,174 |
| 40-60% | 438 | $128,730,000 | $293,904 |
| Over 100% | 75 | $23,495,000 | $313,267 |
LYNCHBURG's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,953 originations, totaling $518,305,000 in origination value.