LYNCHBURG Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Lynchburg averaged
6.83%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
6.83% and
one month ago for the week of 2025-05-29, the
average rate was 6.95%.
Lynchburg's average rate one year ago was 6.92%.
For refis of the same type during the week of 2025-07-03, the average rate
was 7.15%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Lynchburg 30 Year Fixed Rate | 2025-07-03 | 6.83% |
| Lynchburg 30 Year Fixed Rate Refi | 2025-07-03 | 7.15% |
| Lynchburg 15 Year Fixed Rate | 2025-07-03 | 5.9% |
| Lynchburg 15 Year Fixed Rate Refi | 2025-07-03 | 6.1% |
| Lynchburg 30 Year FHA | 2025-07-03 | 0.3% |
| Lynchburg 30 Year FHA Refi | 2025-07-03 | -0.51% |
| Lynchburg 30 Year USDA | 2025-07-03 | -0.31% |
| Lynchburg 30 Year USDA Refi | 2025-07-03 | 0% |
| Lynchburg 30 Year VA | 2025-07-03 | -0.07% |
| Lynchburg 30 Year VA Refi | 2025-07-03 | -0.42% |
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 187 lenders originated 5,516
loans during 2024. The total origination value was $1,292,510,000, with an average loan value of
$234,320.
LYNCHBURG's average closing costs are $5,231.
The top LYNCHBURG lender as defined by loan originations is QUICKEN LOANS, LLC, with
283 loans originated. Their average total fees are
$5,838, which is $1,662
higher than the next largest lender,
Alcova Mortgage LLC.
The lowest fee LYNCHBURG lenders (with over 10 loans originated) are
CAPITAL CENTER, L.L.C. ($3,150), JPMorgan Chase Bank ($3,510), Pinnacle Bank ($3,762), PROVIDENT FUNDING ASSOCIATES, L.P. ($3,848) and Renasant Bank ($3,951).
The lowest rate LYNCHBURG lenders (with over 10 loans originated) are
First-Citizens Bank & Trust Company (6.33%), PROVIDENT FUNDING ASSOCIATES, L.P. (6.39%), LOANDEPOT.COM, LLC (6.40%), NAVY FEDERAL CREDIT UNION (6.40%) and JPMorgan Chase Bank (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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $89,075,000 | $130,405,000 | 46.4% | 10.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $34,835,000 | $66,605,000 | 91.2% | 5.2% |
| Alcova Mortgage LLC | $42,560,000 | $56,735,000 | 33.3% | 4.4% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $55,655,000 | $43,005,000 | -22.7% | 3.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $8,610,000 | $39,285,000 | 356.3% | 3.0% |
| FREEDOM FIRST | $24,330,000 | $33,300,000 | 36.9% | 2.6% |
| Atlantic Union Bank | $10,920,000 | $31,250,000 | 186.2% | 2.4% |
| Atlantic Coast Mortgage, LLC | $29,070,000 | $29,450,000 | 1.3% | 2.3% |
| HOMESIDE FINANCIAL, LLC | $1,315,000 | $29,220,000 | 2,122.1% | 2.3% |
| Truist | $45,610,000 | $28,135,000 | -38.3% | 2.2% |
| Mortgage Research Center, LLC | $18,730,000 | $23,725,000 | 26.7% | 1.8% |
| MOVEMENT MORTGAGE, LLC | $56,870,000 | $20,685,000 | -63.6% | 1.6% |
| NATION ONE MORTGAGE CORPORATION | $18,240,000 | $20,630,000 | 13.1% | 1.6% |
| EMBRACE HOME LOANS, INC. | $21,185,000 | $20,565,000 | -2.9% | 1.6% |
| FIRST BANCORP | $24,060,000 | $19,740,000 | -18.0% | 1.5% |
| First-Citizens Bank & Trust Company | $13,625,000 | $18,630,000 | 36.7% | 1.4% |
| MEMBER ONE | $23,595,000 | $17,465,000 | -26.0% | 1.4% |
| FREEDOM MORTGAGE CORPORATION | $6,345,000 | $16,205,000 | 155.4% | 1.3% |
| NVR Mortgage Finance, Inc. | $12,475,000 | $15,875,000 | 27.3% | 1.2% |
| CNB Bank | $11,770,000 | $14,785,000 | 25.6% | 1.1% |
| NAVY FEDERAL CREDIT UNION | $10,595,000 | $14,500,000 | 36.9% | 1.1% |
| First National Bank | $11,540,000 | $14,400,000 | 24.8% | 1.1% |
| NEWREZ LLC | $7,505,000 | $13,430,000 | 78.9% | 1.0% |
| The Farmers Bank of Appomattox | $9,085,000 | $13,215,000 | 45.5% | 1.0% |
| EMM LOANS LLC | $10,040,000 | $12,730,000 | 26.8% | 1.0% |
| PENNYMAC LOAN SERVICES, LLC | $6,570,000 | $12,700,000 | 93.3% | 1.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,615,000 | $11,940,000 | 639.3% | 0.9% |
| United Bank | $3,355,000 | $10,910,000 | 225.2% | 0.8% |
| Integrity Home Mortgage Corp | $9,800,000 | $10,595,000 | 8.1% | 0.8% |
| LOANDEPOT.COM, LLC | $7,565,000 | $10,485,000 | 38.6% | 0.8% |
| Renasant Bank | $20,215,000 | $10,420,000 | -48.5% | 0.8% |
| UNION HOME MORTGAGE CORP. | $7,865,000 | $10,175,000 | 29.4% | 0.8% |
| Century Mortgage Company DBA Century Lending Company | $2,890,000 | $9,835,000 | 240.3% | 0.8% |
| Select Bank | $17,720,000 | $9,710,000 | -45.2% | 0.8% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $7,200,000 | $7,905,000 | 9.8% | 0.6% |
| Flagstar Bank, FSB | $3,775,000 | $7,860,000 | 108.2% | 0.6% |
| Wells Fargo Bank | $10,435,000 | $7,715,000 | -26.1% | 0.6% |
| USAA Federal Savings Bank | $5,240,000 | $7,595,000 | 44.9% | 0.6% |
| Prosperity Home Mortgage, LLC | $4,160,000 | $7,235,000 | 73.9% | 0.6% |
| Carter Bank & Trust | $2,780,000 | $7,230,000 | 160.1% | 0.6% |
| BLUE EAGLE CREDIT UNION | $4,065,000 | $7,020,000 | 72.7% | 0.5% |
| Bank of the James | $26,075,000 | $6,960,000 | -73.3% | 0.5% |
| JPMorgan Chase Bank | $2,230,000 | $6,795,000 | 204.7% | 0.5% |
| CMG MORTGAGE, INC. | $3,025,000 | $6,560,000 | 116.9% | 0.5% |
| The Bank of Charlotte County | $1,675,000 | $6,260,000 | 273.7% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,020,000 | $5,925,000 | -15.6% | 0.5% |
| Bank of Botetourt | $7,620,000 | $5,595,000 | -26.6% | 0.4% |
| NATIONAL BANKSHARES, INC. | $5,545,000 | n/a | 0.4% | |
| Citizens Bank | $7,610,000 | $5,485,000 | -27.9% | 0.4% |
| Pinnacle Bank | $3,310,000 | $5,435,000 | 64.2% | 0.4% |
| VILLAGE CAPITAL MORTGAGE | $1,460,000 | $5,320,000 | 264.4% | 0.4% |
| GUARANTEED RATE, INC. | $3,655,000 | $5,205,000 | 42.4% | 0.4% |
| FIRST COLONY MORTGAGE CORPORATION | $1,870,000 | $4,980,000 | 166.3% | 0.4% |
| Virginia Credit Union, Inc. | $5,110,000 | $4,705,000 | -7.9% | 0.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $5,865,000 | $4,615,000 | -21.3% | 0.4% |
| DEEPHAVEN MORTGAGE LLC | $770,000 | $4,590,000 | 496.1% | 0.4% |
| Carrington Mortgage Services, LLC | $2,090,000 | $4,530,000 | 116.7% | 0.4% |
| U.S. Bank | $2,015,000 | $4,420,000 | 119.4% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,675,000 | $4,375,000 | 63.6% | 0.3% |
| NFM, INC. | $4,305,000 | $4,315,000 | 0.2% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $2,470,000 | $4,245,000 | 71.9% | 0.3% |
| SWBC MORTGAGE CORPORATION | $3,970,000 | $4,210,000 | 6.0% | 0.3% |
| First Reliance Bank | $6,035,000 | $4,175,000 | -30.8% | 0.3% |
| CAPITAL CENTER, L.L.C. | $1,980,000 | $4,155,000 | 109.8% | 0.3% |
| Ameris Bank | $1,855,000 | $4,140,000 | 123.2% | 0.3% |
| Discover Bank | $2,030,000 | $4,085,000 | 101.2% | 0.3% |
| Gateway First Bank | $395,000 | $3,930,000 | 894.9% | 0.3% |
| CARDINAL FINANCIAL | $7,550,000 | $3,575,000 | -52.6% | 0.3% |
| The Federal Savings Bank | $1,370,000 | $3,560,000 | 159.9% | 0.3% |
| Bank of America | $6,550,000 | $3,415,000 | -47.9% | 0.3% |
| First Heritage Mortgage, LLC | $2,650,000 | $3,415,000 | 28.9% | 0.3% |
| MORTGAGE ACCESS CORP. | $3,295,000 | $3,405,000 | 3.3% | 0.3% |
| BROKER SOLUTIONS, INC. | $1,110,000 | $3,255,000 | 193.2% | 0.3% |
| CENTRAL VIRGINIA | $5,180,000 | $3,215,000 | -37.9% | 0.2% |
| LOANPAL, LLC | $1,775,000 | $3,115,000 | 75.5% | 0.2% |
| ZILLOW HOME LOANS, LLC | $530,000 | $2,915,000 | 450.0% | 0.2% |
| First Federal Bank | $2,880,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,440,000 | $2,880,000 | 100.0% | 0.2% |
| Morgan Stanley Private Bank | $525,000 | $2,785,000 | 430.5% | 0.2% |
| FIDELITY DIRECT MORTGAGE, LLC | $910,000 | $2,710,000 | 197.8% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $2,755,000 | $2,680,000 | -2.7% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $160,000 | $2,650,000 | 1,556.3% | 0.2% |
| INTERCOASTAL MORTGAGE COMPANY | $755,000 | $2,625,000 | 247.7% | 0.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $390,000 | $2,620,000 | 571.8% | 0.2% |
| C & F Mortgage Corporation | $1,990,000 | $2,560,000 | 28.6% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $1,285,000 | $2,505,000 | 94.9% | 0.2% |
| Skyline National Bank | $225,000 | $2,505,000 | 1,013.3% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,030,000 | $2,500,000 | 142.7% | 0.2% |
| PLANET HOME LENDING, LLC | $775,000 | $2,495,000 | 221.9% | 0.2% |
| STATE EMPLOYEES' | $2,080,000 | $2,325,000 | 11.8% | 0.2% |
| AMERICAN HERITAGE LENDING, INC. | $3,300,000 | $2,310,000 | -30.0% | 0.2% |
| GUILD MORTGAGE COMPANY | $2,065,000 | $2,295,000 | 11.1% | 0.2% |
| Fulton Bank | $1,055,000 | $2,265,000 | 114.7% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $485,000 | $2,215,000 | 356.7% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $1,200,000 | $2,050,000 | 70.8% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $1,890,000 | $2,045,000 | 8.2% | 0.2% |
| PNC Bank | $3,840,000 | $2,025,000 | -47.3% | 0.2% |
| Waterstone Mortgage Corporation | $790,000 | $2,020,000 | 155.7% | 0.2% |
| Farm Credit of the Virginias, ACA | $275,000 | $1,935,000 | 603.6% | 0.1% |
| The Loan Store, Inc. | $1,930,000 | n/a | 0.1% | |
| First National Bank of Pennsylvania | $2,065,000 | $1,910,000 | -7.5% | 0.1% |
| UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION,INC. | $90,000 | $1,890,000 | 2,000.0% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $235,000 | $1,875,000 | 697.9% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $2,795,000 | $1,865,000 | -33.3% | 0.1% |
| NexBank | $225,000 | $1,860,000 | 726.7% | 0.1% |
| Citibank | $1,825,000 | n/a | 0.1% | |
| SOUTHERN TRUST MORTGAGE, LLC | $1,255,000 | $1,690,000 | 34.7% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $1,310,000 | $1,605,000 | 22.5% | 0.1% |
| Ally Bank | $1,060,000 | $1,595,000 | 50.5% | 0.1% |
| Figure Lending LLC | $1,070,000 | $1,590,000 | 48.6% | 0.1% |
| Blue Ridge Bank | $1,650,000 | $1,550,000 | -6.1% | 0.1% |
| Raymond James Bank | $155,000 | $1,545,000 | 896.8% | 0.1% |
| NEW DAY FINANCIAL, LLC | $1,235,000 | $1,510,000 | 22.3% | 0.1% |
| T2 FINANCIAL LLC | $1,475,000 | n/a | 0.1% | |
| NBKC BANK | $2,055,000 | $1,450,000 | -29.4% | 0.1% |
| NEXERA HOLDING LLC | $1,445,000 | n/a | 0.1% | |
| Keystone Funding, Inc. | $1,440,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,850,000 | $1,430,000 | -22.7% | 0.1% |
| Citadel Servicing Corporation | $985,000 | $1,340,000 | 36.0% | 0.1% |
| GSF Mortgage Corporation | $565,000 | $1,330,000 | 135.4% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,330,000 | $1,320,000 | -43.3% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $1,320,000 | $1,320,000 | 0.0% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,620,000 | $1,300,000 | -19.8% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $325,000 | $1,295,000 | 298.5% | 0.1% |
| Towne Bank | $885,000 | $1,280,000 | 44.6% | 0.1% |
| HomeTrust Bank | $25,000 | $1,250,000 | 4,900.0% | 0.1% |
| MILEND, INC. | $640,000 | $1,240,000 | 93.8% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,355,000 | $1,200,000 | -11.4% | 0.1% |
| SeaTrust Mortgage Company | $665,000 | $1,200,000 | 80.5% | 0.1% |
| M&T Bank | $510,000 | $1,180,000 | 131.4% | 0.1% |
| University Bank | $385,000 | $1,165,000 | 202.6% | 0.1% |
| NEW WAVE LENDING GROUP INC | $1,135,000 | n/a | 0.1% | |
| USAlliance Federal Credit Union | $1,090,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $570,000 | $1,085,000 | 90.4% | 0.1% |
| FIRST HOME MORTGAGE CORPORATION | $1,040,000 | n/a | 0.1% | |
| Securityplus FCU | $1,005,000 | n/a | 0.1% | |
| First Bank | $255,000 | $960,000 | 276.5% | 0.1% |
| Coastal Community Bank | $225,000 | $940,000 | 317.8% | 0.1% |
| The Fidelity Bank | $65,000 | $935,000 | 1,338.5% | 0.1% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $930,000 | n/a | 0.1% | |
| TD Bank | $5,480,000 | $925,000 | -83.1% | 0.1% |
| ALLIANT CREDIT UNION | $165,000 | $905,000 | 448.5% | 0.1% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $195,000 | $900,000 | 361.5% | 0.1% |
| Mid-Continent Funding, Inc. | $1,075,000 | $890,000 | -17.2% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $95,000 | $880,000 | 826.3% | 0.1% |
| BETTER MORTGAGE CORPORATION | $1,715,000 | $875,000 | -49.0% | 0.1% |
| GMFS LLC | $165,000 | $870,000 | 427.3% | 0.1% |
| Charles Schwab Bank, SSB | $265,000 | $815,000 | 207.5% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,020,000 | $815,000 | -20.1% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $1,260,000 | $800,000 | -36.5% | 0.1% |
| SPRING EQ, LLC | $530,000 | $800,000 | 50.9% | 0.1% |
| The Huntington National Bank | $1,830,000 | $800,000 | -56.3% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $355,000 | $790,000 | 122.5% | 0.1% |
| First National Bank of America | $785,000 | n/a | 0.1% | |
| MEMBER ADVANTAGE MORTGAGE, LLC | $785,000 | n/a | 0.1% | |
| F & M BANK CORP. | $1,030,000 | $770,000 | -25.2% | 0.1% |
| PHH Mortgage Corporation | $225,000 | $770,000 | 242.2% | 0.1% |
| Sandy Spring Bank | $770,000 | n/a | 0.1% | |
| Lakeview Community Capital, LLC | $875,000 | $755,000 | -13.7% | 0.1% |
| GENEVA FINANCIAL, LLC | $415,000 | $745,000 | 79.5% | 0.1% |
| Commerce Home Mortgage, Inc. | $740,000 | n/a | 0.1% | |
| The Central Trust Bank | $1,010,000 | $730,000 | -27.7% | 0.1% |
| Assurance Financial Group, L.L.C. | $2,700,000 | $705,000 | -73.9% | 0.1% |
| Ixonia Bank | $540,000 | $700,000 | 29.6% | 0.1% |
| Baxter Credit Union | $695,000 | n/a | 0.1% | |
| First Horizon Bank | $1,700,000 | $690,000 | -59.4% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $3,980,000 | $685,000 | -82.8% | 0.1% |
| Magnolia Bank | $680,000 | n/a | 0.1% | |
| FBC MORTGAGE, LLC | $675,000 | n/a | 0.1% | |
| Leader Bank | $645,000 | $675,000 | 4.7% | 0.1% |
| BANKSOUTH MORTGAGE COMPANY, LLC | $655,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $420,000 | $640,000 | 52.4% | 0.0% |
| INTELLILOAN, INC. | $630,000 | n/a | 0.0% | |
| Northpointe Bank | $365,000 | $630,000 | 72.6% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $615,000 | $610,000 | -0.8% | 0.0% |
| TOTAL MORTGAGE SERVICES, LLC | $390,000 | $610,000 | 56.4% | 0.0% |
| FAY SERVICING, LLC | $485,000 | $575,000 | 18.6% | 0.0% |
| LENDINGONE, LLC | $420,000 | $560,000 | 33.3% | 0.0% |
| ValleyStar Credit Union | $280,000 | $550,000 | 96.4% | 0.0% |
| Pendleton Community Bank, Inc. | $545,000 | n/a | 0.0% | |
| Nations Lending Corporation | $540,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $540,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $575,000 | $540,000 | -6.1% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $815,000 | $525,000 | -35.6% | 0.0% |
| EVERETT FINANCIAL, INC. | $520,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $215,000 | $520,000 | 141.9% | 0.0% |
| HOMESPIRE MORTGAGE CORPORATION | $810,000 | $510,000 | -37.0% | 0.0% |
| MORIA DEVELOPMENT, INC. | $510,000 | n/a | 0.0% | |
| Fifth Third Bank | $505,000 | n/a | 0.0% | |
| FIRST SAVINGS MORTGAGE CORPORATION | $1,030,000 | $500,000 | -51.5% | 0.0% |
| Equity Prime Mortgage LLC | $300,000 | $495,000 | 65.0% | 0.0% |
| THE MORTGAGE FIRM, INC. | $495,000 | n/a | 0.0% | |
| Advisors Mortgage Group, L.L.C. | $490,000 | n/a | 0.0% | |
| GoPrime Mortgage, Inc. | $275,000 | $475,000 | 72.7% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $245,000 | $470,000 | 91.8% | 0.0% |
| Old National Bank | $465,000 | n/a | 0.0% | |
| A&D Mortgage LLC | $165,000 | $450,000 | 172.7% | 0.0% |
| Presidential Bank, FSB | $480,000 | $450,000 | -6.3% | 0.0% |
| Plains Commerce Bank | $1,895,000 | $445,000 | -76.5% | 0.0% |
| STOCKTON MORTGAGE CORPORATION | $445,000 | n/a | 0.0% | |
| Cornerstone First Mortgage, Inc | $440,000 | n/a | 0.0% | |
| RADIUS FINANCIAL GROUP INC. | $435,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $825,000 | $430,000 | -47.9% | 0.0% |
| OceanFirst Bank | $430,000 | n/a | 0.0% | |
| Lincoln FSB of Nebraska | $425,000 | n/a | 0.0% | |
| NP, Inc. | $415,000 | n/a | 0.0% | |
| OCMBC, INC. | $140,000 | $415,000 | 196.4% | 0.0% |
| AgFirst Farm Credit Bank | $395,000 | $405,000 | 2.5% | 0.0% |
| US MORTGAGE CORPORATION | $400,000 | n/a | 0.0% | |
| Marine Federal Credit Union | $375,000 | n/a | 0.0% | |
| Benchmark Community Bank | $100,000 | $360,000 | 260.0% | 0.0% |
| Southern Bank and Trust Company | $95,000 | $355,000 | 273.7% | 0.0% |
| WRIGHT-PATT CREDIT UNION, INC. | $355,000 | n/a | 0.0% | |
| City Lending Inc. | $350,000 | n/a | 0.0% | |
| Guaranty Bank & Trust, N.A. | $350,000 | n/a | 0.0% | |
| ARC HOME LLC | $345,000 | n/a | 0.0% | |
| The Freedom Bank of Virginia | $655,000 | $345,000 | -47.3% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $245,000 | $335,000 | 36.7% | 0.0% |
| COMMUNITYAMERICA | $335,000 | n/a | 0.0% | |
| MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION | $335,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $335,000 | n/a | 0.0% | |
| Northwest Federal Credit Union | $185,000 | $335,000 | 81.1% | 0.0% |
| PREMIA MORTGAGE, LLC | $335,000 | n/a | 0.0% | |
| TIDEWATER MORTGAGE SERVICES, INC. | $415,000 | $335,000 | -19.3% | 0.0% |
| MORTGAGE INVESTORS GROUP, INC. | $330,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $415,000 | $325,000 | -21.7% | 0.0% |
| Suncoast Credit Union | $395,000 | $325,000 | -17.7% | 0.0% |
| Bethpage Federal Credit Union | $25,000 | $320,000 | 1,180.0% | 0.0% |
| HOMESTEAD FUNDING CORP. | $185,000 | $320,000 | 73.0% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $320,000 | n/a | 0.0% | |
| KeyBank | $475,000 | $315,000 | -33.7% | 0.0% |
| Performance Financial, Inc. | $315,000 | n/a | 0.0% | |
| UNIVERSAL MORTGAGE & FINANCE, INC. | $315,000 | n/a | 0.0% | |
| Acre Mortgage and Financial Inc | $305,000 | n/a | 0.0% | |
| City National Bank of West Virginia | $305,000 | n/a | 0.0% | |
| NATIONS DIRECT MORTGAGE, LLC | $850,000 | $305,000 | -64.1% | 0.0% |
| North State Bank | $305,000 | n/a | 0.0% | |
| GVC MORTGAGE, INC. | $175,000 | $295,000 | 68.6% | 0.0% |
| LANGLEY | $1,290,000 | $295,000 | -77.1% | 0.0% |
| Encompass Lending Group, LP | $285,000 | n/a | 0.0% | |
| Loan Simple, Inc. | $280,000 | n/a | 0.0% | |
| Homesale Mortgage, LLC | $275,000 | n/a | 0.0% | |
| Oak View National Bank | $275,000 | n/a | 0.0% | |
| Sunflower Bank | $275,000 | n/a | 0.0% | |
| Tidewater Home Funding, LLC | $425,000 | $275,000 | -35.3% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $265,000 | n/a | 0.0% | |
| Towne Mortgage, LLC | $265,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $155,000 | $260,000 | 67.7% | 0.0% |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $600,000 | $255,000 | -57.5% | 0.0% |
| Regions Bank | $255,000 | n/a | 0.0% | |
| FIRST MORTGAGE COMPANY, INC. | $245,000 | n/a | 0.0% | |
| MASON MCDUFFIE MORTGAGE CORPORATION | $155,000 | $245,000 | 58.1% | 0.0% |
| MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. | $245,000 | n/a | 0.0% | |
| DUPONT COMMUNITY | $815,000 | $235,000 | -71.2% | 0.0% |
| American Airlines Federal Credit Union | $230,000 | n/a | 0.0% | |
| Citizens Bank and Trust Company | $735,000 | $225,000 | -69.4% | 0.0% |
| First Citizens Community Bank | $225,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $440,000 | $225,000 | -48.9% | 0.0% |
| The Camden National Bank | $85,000 | $225,000 | 164.7% | 0.0% |
| BAYSHORE MORTGAGE FUNDING, LLC | $215,000 | n/a | 0.0% | |
| Capital City Home Loans, LLC | $215,000 | n/a | 0.0% | |
| Nicolet National Bank | $215,000 | n/a | 0.0% | |
| United Nations Federal Credit Union | $135,000 | $215,000 | 59.3% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $940,000 | $210,000 | -77.7% | 0.0% |
| Bank of England | $625,000 | $205,000 | -67.2% | 0.0% |
| Citizens and Farmers Bank | $605,000 | $205,000 | -66.1% | 0.0% |
| First Federal Bank of Kansas City | $205,000 | n/a | 0.0% | |
| GENERAL ELECTRIC EMPLOYEES FEDERAL CREDIT UNION | $555,000 | $205,000 | -63.1% | 0.0% |
| North American Savings Bank, F.S.B. | $275,000 | $205,000 | -25.5% | 0.0% |
| STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED | $200,000 | n/a | 0.0% | |
| Arvest Bank | $195,000 | n/a | 0.0% | |
| GTE Federal Credit Union | $195,000 | n/a | 0.0% | |
| Apple Federal Credit Union | $190,000 | n/a | 0.0% | |
| FineMark National Bank & Trust | $185,000 | n/a | 0.0% | |
| MICHIGAN FIRST CREDIT UNION | $185,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $1,210,000 | $185,000 | -84.7% | 0.0% |
| Affiliated Bank | $175,000 | n/a | 0.0% | |
| Allied First Bank,sb | $175,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $215,000 | $175,000 | -18.6% | 0.0% |
| AMWEST FUNDING CORP. | $175,000 | n/a | 0.0% | |
| MORTGAGE EQUITY PARTNERS LLC | $175,000 | n/a | 0.0% | |
| NBH Bank | $175,000 | n/a | 0.0% | |
| UIF CORPORATION | $175,000 | n/a | 0.0% | |
| TOWER | $65,000 | $170,000 | 161.5% | 0.0% |
| BECKAM FUNDING CORP. | $315,000 | $165,000 | -47.6% | 0.0% |
| EVANSVILLE TEACHERS | $165,000 | n/a | 0.0% | |
| MidFirst Bank | $165,000 | n/a | 0.0% | |
| Truliant Federal Credit Union | $415,000 | $165,000 | -60.2% | 0.0% |
| American Mortgage Bank, LLC | $155,000 | n/a | 0.0% | |
| Bank of Charles Town | $155,000 | n/a | 0.0% | |
| First Bank | $255,000 | $155,000 | -39.2% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $155,000 | n/a | 0.0% | |
| Residential Mortgage Solutions, Inc. | $155,000 | n/a | 0.0% | |
| Colonial Farm Credit, ACA | $1,445,000 | $145,000 | -90.0% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $175,000 | $145,000 | -17.1% | 0.0% |
| S&T Bank | $155,000 | $145,000 | -6.5% | 0.0% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $470,000 | $135,000 | -71.3% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $115,000 | n/a | 0.0% | |
| Notre Dame Federal Credit Union Corporation | $115,000 | n/a | 0.0% | |
| ADVANCIAL | $105,000 | n/a | 0.0% | |
| CHARTWAY FEDERAL CREDIT UNION | $65,000 | $105,000 | 61.5% | 0.0% |
| First Western Federal Savings Bank | $95,000 | n/a | 0.0% | |
| Beeline Loans, Inc. | $85,000 | n/a | 0.0% | |
| EASTMAN | $695,000 | $85,000 | -87.8% | 0.0% |
| Park Lane Finance Solutions, LLC | $85,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $330,000 | $85,000 | -74.2% | 0.0% |
| FEDCHOICE Federal Credit Union | $55,000 | n/a | 0.0% | |
| LOGIX FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| PATRIOT | $165,000 | $55,000 | -66.7% | 0.0% |
| RESIDENTIAL BANCORP | $55,000 | n/a | 0.0% | |
| AMERICAN HERITAGE FCU | $45,000 | n/a | 0.0% | |
| ALLEGACY FEDERAL CREDIT UNION | $45,000 | $35,000 | -22.2% | 0.0% |
| Clearview Federal Credit Union | $15,000 | n/a | 0.0% |
LYNCHBURG's top lender by overall market share is QUICKEN LOANS, LLC, with 10.1% market share. In second place, with 5.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $66,605,000 in loans. In third place, with 4.4%, is Alcova Mortgage LLC, having originated $56,735,000 in loans. In fourth place, with 3.3%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $43,005,000 in loans. In fifth place, with 3.0%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $39,285,000 in loans.
LYNCHBURG, VA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,247 | $870,425,000 | $268,071 |
| Cash Out Refi | 695 | $141,215,000 | $203,187 |
| Refi | 605 | $175,985,000 | $290,884 |
| Other | 525 | $54,165,000 | $103,171 |
| Home Improvement | 443 | $50,435,000 | $113,849 |
| NA | 1 | $285,000 | $285,000 |
Lynchburg's most frequently cited loan purpose was Home Purchase, with 3,247 originations. The 2nd most popular reason was Cash Out Refi, with 695 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 2,335 | $593,685,000 | $254,255 |
| 7-8% | 1,191 | $280,475,000 | $235,495 |
| Over 8% | 838 | $101,200,000 | $120,764 |
| 5-6% | 772 | $225,420,000 | $291,995 |
| 4-5% | 72 | $22,240,000 | $308,889 |
| <2.5% | 12 | $420,000 | $35,000 |
| 2.5-3% | 5 | $825,000 | $165,000 |
| 3-4% | 1 | $165,000 | $165,000 |
During 2024, Lynchburg's most frequently originated rate bucket was 6-7%, with 2,335 originations.
Loan Sizing (LYNCHBURG, VA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,184 | $606,250,000 | $277,587 |
| $100k-200k | 1,556 | $235,590,000 | $151,407 |
| $100,000 or less | 1,192 | $62,870,000 | $52,743 |
| $400k-600k | 396 | $187,230,000 | $472,803 |
| $600k-1000k | 144 | $104,560,000 | $726,111 |
| $Over $1MM | 44 | $96,010,000 | $2,182,045 |
LYNCHBURG's loan sizing saw the bucket of loans from $200k-400k with 2,184 originations, totaling $606,250,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,152 | $645,880,000 | $300,130 |
| 60-80% | 1,146 | $317,230,000 | $276,815 |
| Under 20% | 679 | $30,885,000 | $45,486 |
| 20-40% | 587 | $72,605,000 | $123,688 |
| 40-60% | 478 | $103,860,000 | $217,280 |
| Over 100% | 77 | $24,375,000 | $316,558 |
LYNCHBURG's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,152 originations, totaling $645,880,000 in origination value.