LYNCHBURG Mortgage Rates
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Lynchburg averaged
5.35%
for the week of 2022-05-19, compared to the national average of
5.25% for the same period.
The average rate for the prior week (2022-05-12) was
5.6% and
one month ago for the week of 2022-04-14, the
average rate was 5.2%.
Lynchburg's average rate one year ago was 3.05%.
For refis of the same type during the week of 2022-05-19, the average rate
was 5.13%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-05-19 | 5.25% |
| Lynchburg 30 Year Fixed Rate | 2022-05-19 | 5.35% |
| Lynchburg 30 Year Fixed Rate Refi | 2022-05-19 | 5.13% |
| Lynchburg 15 Year Fixed Rate | 2022-05-19 | 4.74% |
| Lynchburg 15 Year Fixed Rate Refi | 2022-05-19 | 4.56% |
| Lynchburg 30 Year FHA | 2022-05-19 | 5.57% |
| Lynchburg 30 Year FHA Refi | 2022-05-19 | 5.14% |
| Lynchburg 30 Year USDA | 2022-05-19 | 5.37% |
| Lynchburg 30 Year USDA Refi | 2022-05-19 | 4.91% |
| Lynchburg 30 Year VA | 2022-05-19 | 5.38% |
| Lynchburg 30 Year VA Refi | 2022-05-19 | 5.24% |
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 lendor, 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, VA's 242 lenders originated 11,093
loans during 2021. The total origination value was $2,373,175,000, with an average loan value of
$213,934.
The top LYNCHBURG lender as defined by loan originations is QUICKEN LOANS, LLC, with
557 loans originated. Their average total fees are
$4,647, which is $1,079
higher than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee LYNCHBURG lenders (with over 10 loans originated) are
CAPITAL CENTER, L.L.C. ($1,136), Wyndham Capital Mortgage, Inc. ($1,879), BETTER MORTGAGE CORPORATION ($2,449), FREEDOM MORTGAGE CORPORATION ($2,599) and SWBC MORTGAGE CORPORATION ($2,676).
The lowest rate LYNCHBURG lenders (with over 10 loans originated) are
PROVIDENT FUNDING ASSOCIATES, L.P. (2.77%), BETTER MORTGAGE CORPORATION (2.82%), AMERISAVE MORTGAGE CORPORATION (2.89%), American National Bank and Trust Company (2.91%) and First Guaranty Mortgage Corporation (2.91%).
LYNCHBURG, VA Lender 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $170,730,000 | $226,345,000 | 32.6% | 9.5% |
| MOVEMENT MORTGAGE, LLC | $138,535,000 | $150,585,000 | 8.7% | 6.3% |
| EMBRACE HOME LOANS, INC. | $128,470,000 | $128,745,000 | 0.2% | 5.4% |
| Wells Fargo Bank | $43,795,000 | $104,010,000 | 137.5% | 4.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $96,665,000 | $86,160,000 | -10.9% | 3.6% |
| FREEDOM MORTGAGE CORPORATION | $122,790,000 | $83,345,000 | -32.1% | 3.5% |
| Renasant Bank | $90,495,000 | $81,625,000 | -9.8% | 3.4% |
| Truist Bank | $82,710,000 | $78,430,000 | -5.2% | 3.3% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $98,145,000 | $72,115,000 | -26.5% | 3.0% |
| APEX HOME LOANS, INC. | $55,070,000 | $58,365,000 | 6.0% | 2.5% |
| Citizens Bank | $51,925,000 | $51,250,000 | -1.3% | 2.2% |
| NATION ONE MORTGAGE CORPORATION | $33,520,000 | $48,390,000 | 44.4% | 2.0% |
| American National Bank and Trust Company | $26,780,000 | $43,920,000 | 64.0% | 1.9% |
| FIRST BANCORP, INC. | $54,290,000 | $39,920,000 | -26.5% | 1.7% |
| LOANDEPOT.COM, LLC | $23,500,000 | $38,395,000 | 63.4% | 1.6% |
| Essex Bank | $60,360,000 | $35,405,000 | -41.3% | 1.5% |
| MCLEAN MORTGAGE CORPORATION | $39,705,000 | $31,340,000 | -21.1% | 1.3% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $1,960,000 | $30,980,000 | 1,480.6% | 1.3% |
| First National Bank | $14,940,000 | $29,385,000 | 96.7% | 1.2% |
| Alcova Mortgage LLC | $17,520,000 | $27,825,000 | 58.8% | 1.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $17,855,000 | $25,875,000 | 44.9% | 1.1% |
| Prosperity Home Mortgage, LLC | $24,885,000 | $25,440,000 | 2.2% | 1.1% |
| Mortgage Research Center, LLC | $20,365,000 | $25,305,000 | 24.3% | 1.1% |
| Atlantic Union Bank | $23,150,000 | $24,945,000 | 7.8% | 1.1% |
| PENNYMAC LOAN SERVICES, LLC | $13,900,000 | $24,905,000 | 79.2% | 1.0% |
| AMERISAVE MORTGAGE CORPORATION | $16,155,000 | $24,645,000 | 52.6% | 1.0% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $28,435,000 | $24,135,000 | -15.1% | 1.0% |
| NAVY FEDERAL CREDIT UNION | $20,915,000 | $24,090,000 | 15.2% | 1.0% |
| First-Citizens Bank & Trust Company | $20,385,000 | $23,815,000 | 16.8% | 1.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $12,805,000 | $23,570,000 | 84.1% | 1.0% |
| Pinnacle Bank | $9,465,000 | $21,115,000 | 123.1% | 0.9% |
| Bank of America | $14,040,000 | $20,395,000 | 45.3% | 0.9% |
| Integrity Home Mortgage Corp | $19,720,000 | n/a | 0.8% | |
| HOME POINT FINANCIAL CORPORATION | $13,005,000 | $16,280,000 | 25.2% | 0.7% |
| CALIBER HOME LOANS, INC. | $14,920,000 | $15,930,000 | 6.8% | 0.7% |
| NEWREZ LLC | $9,025,000 | $15,895,000 | 76.1% | 0.7% |
| CAPITAL CENTER, L.L.C. | $9,890,000 | $14,520,000 | 46.8% | 0.6% |
| Virginia Credit Union, Inc. | $7,630,000 | $14,430,000 | 89.1% | 0.6% |
| Bank of the James | $21,225,000 | $13,690,000 | -35.5% | 0.6% |
| MEMBER ONE | $18,725,000 | $13,340,000 | -28.8% | 0.6% |
| LAKEVIEW LOAN SERVICING, LLC | $8,050,000 | $13,060,000 | 62.2% | 0.6% |
| First Reliance Bank | $17,425,000 | $12,800,000 | -26.5% | 0.5% |
| Assurance Financial Group, L.L.C. | $17,855,000 | $12,610,000 | -29.4% | 0.5% |
| BETTER MORTGAGE CORPORATION | $12,310,000 | n/a | 0.5% | |
| FREEDOM FIRST | $4,735,000 | $12,065,000 | 154.8% | 0.5% |
| Grandbridge Real Estate Capital LLC | $11,755,000 | n/a | 0.5% | |
| BROKER SOLUTIONS, INC. | $4,820,000 | $10,250,000 | 112.7% | 0.4% |
| STEARNS LENDING, LLC | $9,685,000 | $10,075,000 | 4.0% | 0.4% |
| SWBC MORTGAGE CORPORATION | $8,955,000 | $9,985,000 | 11.5% | 0.4% |
| JPMorgan Chase Bank | $9,105,000 | $9,960,000 | 9.4% | 0.4% |
| GUARANTEED RATE, INC. | $4,640,000 | $9,915,000 | 113.7% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $6,595,000 | $9,540,000 | 44.7% | 0.4% |
| Carter Bank & Trust | $16,660,000 | $9,320,000 | -44.1% | 0.4% |
| GREYSTONE SERVICING COMPANY LLC | $9,225,000 | n/a | 0.4% | |
| OVM FINANCIAL, INC. | $6,380,000 | $8,060,000 | 26.3% | 0.3% |
| U.S. Bank | $11,340,000 | $7,930,000 | -30.1% | 0.3% |
| CENTRAL VIRGINIA | $5,745,000 | $7,645,000 | 33.1% | 0.3% |
| HOMESIDE FINANCIAL, LLC | $4,040,000 | $7,545,000 | 86.8% | 0.3% |
| NEW DAY FINANCIAL, LLC | $6,535,000 | $7,235,000 | 10.7% | 0.3% |
| Blue Ridge Bank | $11,965,000 | $6,935,000 | -42.0% | 0.3% |
| Flagstar Bank, FSB | $5,435,000 | $6,840,000 | 25.9% | 0.3% |
| PENTAGON FEDERAL CREDIT UNION | $2,295,000 | $6,480,000 | 182.4% | 0.3% |
| The Farmers Bank of Appomattox | $9,305,000 | $6,205,000 | -33.3% | 0.3% |
| USAA Federal Savings Bank | $13,040,000 | $5,975,000 | -54.2% | 0.3% |
| C & F Mortgage Corporation | $8,875,000 | $5,750,000 | -35.2% | 0.2% |
| NFM, INC. | $1,510,000 | $4,980,000 | 229.8% | 0.2% |
| BLUE EAGLE CREDIT UNION | $4,670,000 | $4,905,000 | 5.0% | 0.2% |
| AMERICAN FINANCIAL RESOURCES, INC. | $5,810,000 | $4,830,000 | -16.9% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,230,000 | $4,695,000 | 110.5% | 0.2% |
| AgFirst Farm Credit Bank | $1,825,000 | $4,550,000 | 149.3% | 0.2% |
| PNC Bank | $2,885,000 | $4,490,000 | 55.6% | 0.2% |
| Carrington Mortgage Services, LLC | $6,205,000 | $4,470,000 | -28.0% | 0.2% |
| INTERCOASTAL MORTGAGE COMPANY | $2,105,000 | $4,370,000 | 107.6% | 0.2% |
| NETWORK CAPITAL FUNDING CORPORATION | $785,000 | $4,335,000 | 452.2% | 0.2% |
| AMERICAN FINANCING CORPORATION | $2,595,000 | $4,290,000 | 65.3% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $3,055,000 | $4,190,000 | 37.2% | 0.2% |
| First Guaranty Mortgage Corporation | $1,110,000 | $4,110,000 | 270.3% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $2,215,000 | $3,855,000 | 74.0% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $2,650,000 | $3,820,000 | 44.2% | 0.2% |
| MIDLAND MORTGAGE CORPORATION | $5,140,000 | $3,810,000 | -25.9% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $125,000 | $3,595,000 | 2,776.0% | 0.2% |
| Atlantic Coast Mortgage, LLC | $3,080,000 | $3,530,000 | 14.6% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $5,700,000 | $3,415,000 | -40.1% | 0.1% |
| NATIONAL BANKSHARES, INC. | $3,285,000 | n/a | 0.1% | |
| The Federal Savings Bank | $6,215,000 | $3,280,000 | -47.2% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,755,000 | $3,150,000 | 14.3% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,065,000 | $3,130,000 | 2.1% | 0.1% |
| F & M BANK CORP. | $1,205,000 | $3,125,000 | 159.3% | 0.1% |
| TIDEWATER MORTGAGE SERVICES, INC. | $1,300,000 | $3,075,000 | 136.5% | 0.1% |
| Bank of Botetourt | $1,400,000 | $3,045,000 | 117.5% | 0.1% |
| Waterstone Mortgage Corporation | $2,285,000 | $3,020,000 | 32.2% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $1,625,000 | $2,985,000 | 83.7% | 0.1% |
| Ameris Bank | $5,115,000 | $2,845,000 | -44.4% | 0.1% |
| Fifth Third Bank | $1,150,000 | $2,625,000 | 128.3% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,945,000 | $2,620,000 | 34.7% | 0.1% |
| ZILLOW HOME LOANS, LLC | $925,000 | $2,610,000 | 182.2% | 0.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,210,000 | $2,460,000 | 103.3% | 0.1% |
| THRIVE MORTGAGE, LLC | $2,450,000 | n/a | 0.1% | |
| Fulton Bank | $2,665,000 | $2,375,000 | -10.9% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,185,000 | $2,365,000 | 99.6% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $1,785,000 | $2,255,000 | 26.3% | 0.1% |
| First Heritage Mortgage, LLC | $5,165,000 | $2,225,000 | -56.9% | 0.1% |
| ValleyStar Credit Union | $925,000 | $2,225,000 | 140.5% | 0.1% |
| North American Savings Bank, F.S.B. | $1,770,000 | $2,215,000 | 25.1% | 0.1% |
| MICHIGAN MUTUAL, INC. | $2,085,000 | n/a | 0.1% | |
| TOWNE MORTGAGE COMPANY | $2,075,000 | $2,055,000 | -1.0% | 0.1% |
| Farm Credit of the Virginias, ACA | $125,000 | $2,045,000 | 1,536.0% | 0.1% |
| HomeTrust Bank | $3,880,000 | $1,955,000 | -49.6% | 0.1% |
| ACCELERATE MORTGAGE, LLC | $1,945,000 | n/a | 0.1% | |
| VILLAGE CAPITAL & INVESTMENT LLC | $1,930,000 | n/a | 0.1% | |
| First Federal Bank | $1,625,000 | $1,900,000 | 16.9% | 0.1% |
| Chicago Mortgage Solutions LLC | $1,890,000 | n/a | 0.1% | |
| SOFI LENDING CORP. | $840,000 | $1,885,000 | 124.4% | 0.1% |
| George Mason Mortgage, LLC | $5,750,000 | $1,865,000 | -67.6% | 0.1% |
| KELLER MORTGAGE, LLC | $2,695,000 | $1,830,000 | -32.1% | 0.1% |
| BNC National Bank | $725,000 | $1,820,000 | 151.0% | 0.1% |
| Nations Lending Corporation | $1,560,000 | $1,775,000 | 13.8% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,565,000 | $1,730,000 | 10.5% | 0.1% |
| NBKC BANK | $1,440,000 | $1,725,000 | 19.8% | 0.1% |
| Bank of England | $2,870,000 | $1,695,000 | -40.9% | 0.1% |
| STATE EMPLOYEES' | $1,025,000 | $1,695,000 | 65.4% | 0.1% |
| SOUTHERN TRUST MORTGAGE, LLC | $580,000 | $1,645,000 | 183.6% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $2,185,000 | $1,620,000 | -25.9% | 0.1% |
| CNB Bank | $455,000 | $1,580,000 | 247.3% | 0.1% |
| Figure Lending LLC | $425,000 | $1,580,000 | 271.8% | 0.1% |
| TD Bank | $2,485,000 | $1,565,000 | -37.0% | 0.1% |
| First Mortgage Solutions, LLC | $2,440,000 | $1,525,000 | -37.5% | 0.1% |
| CLEARPATH LENDING | $3,765,000 | $1,510,000 | -59.9% | 0.1% |
| Towne Bank | $1,625,000 | $1,480,000 | -8.9% | 0.1% |
| Commerce Home Mortgage, Inc. | $410,000 | $1,465,000 | 257.3% | 0.1% |
| SPRING EQ, LLC | $670,000 | $1,460,000 | 117.9% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $285,000 | $1,385,000 | 386.0% | 0.1% |
| Presidential Bank, FSB | $1,480,000 | $1,340,000 | -9.5% | 0.1% |
| DUPONT COMMUNITY | $1,210,000 | $1,270,000 | 5.0% | 0.1% |
| HOMESTEAD FUNDING CORP. | $2,755,000 | $1,270,000 | -53.9% | 0.1% |
| Prime Choice Funding Inc. | $815,000 | $1,260,000 | 54.6% | 0.1% |
| Northpointe Bank | $805,000 | $1,255,000 | 55.9% | 0.1% |
| Arvest Bank | $555,000 | $1,220,000 | 119.8% | 0.1% |
| EMM LOANS LLC | $290,000 | $1,195,000 | 312.1% | 0.1% |
| Manufacturers and Traders Trust Company | $310,000 | $1,195,000 | 285.5% | 0.1% |
| PLANET HOME LENDING, LLC | $1,935,000 | $1,160,000 | -40.1% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $1,960,000 | $1,155,000 | -41.1% | 0.0% |
| 21ST MORTGAGE CORPORATION | $970,000 | $1,145,000 | 18.0% | 0.0% |
| First Home Bank | $1,135,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $480,000 | $1,130,000 | 135.4% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $2,790,000 | $1,095,000 | -60.8% | 0.0% |
| ARC HOME LLC | $3,200,000 | $1,090,000 | -65.9% | 0.0% |
| CMG MORTGAGE, INC. | $790,000 | $1,085,000 | 37.3% | 0.0% |
| Paramount Residential Mortgage Group, Inc. | $720,000 | $1,085,000 | 50.7% | 0.0% |
| GENERAL ELECTRIC EMPLOYEES FEDERAL CREDIT UNION | $855,000 | $1,065,000 | 24.6% | 0.0% |
| FIRST HOME MORTGAGE CORPORATION | $1,055,000 | $1,060,000 | 0.5% | 0.0% |
| Ixonia Bank | $275,000 | $1,050,000 | 281.8% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $1,335,000 | $1,040,000 | -22.1% | 0.0% |
| Pendleton Community Bank, Inc. | $1,030,000 | n/a | 0.0% | |
| MILEND, INC. | $1,000,000 | $1,020,000 | 2.0% | 0.0% |
| UNIVERSITY LENDING GROUP, LLC | $1,015,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $1,270,000 | $1,010,000 | -20.5% | 0.0% |
| Skyline National Bank | $495,000 | $1,010,000 | 104.0% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,170,000 | $980,000 | -16.2% | 0.0% |
| Cf Bank | $670,000 | $980,000 | 46.3% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $1,170,000 | $955,000 | -18.4% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $710,000 | $940,000 | 32.4% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $545,000 | $935,000 | 71.6% | 0.0% |
| PHH Mortgage Corporation | $810,000 | $930,000 | 14.8% | 0.0% |
| Axos Bank | $460,000 | $925,000 | 101.1% | 0.0% |
| Republic Bank & Trust Company | $925,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $1,025,000 | $920,000 | -10.2% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $905,000 | n/a | 0.0% | |
| LOANPAL, LLC | $415,000 | $880,000 | 112.0% | 0.0% |
| FirstBank | $2,320,000 | $870,000 | -62.5% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $865,000 | $865,000 | 0.0% | 0.0% |
| Vellum Mortgage, Inc. | $1,030,000 | $865,000 | -16.0% | 0.0% |
| AMERICAN ADVISORS GROUP | $1,295,000 | $800,000 | -38.2% | 0.0% |
| Advance Financial Group, LLC | $795,000 | n/a | 0.0% | |
| CityWorth Mortgage LLC | $275,000 | $785,000 | 185.5% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $1,005,000 | $780,000 | -22.4% | 0.0% |
| CELEBRITY HOME LOANS, LLC | $95,000 | $770,000 | 710.5% | 0.0% |
| JAMS-01, INC. | $760,000 | $770,000 | 1.3% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $445,000 | $760,000 | 70.8% | 0.0% |
| NP, Inc. | $320,000 | $760,000 | 137.5% | 0.0% |
| ENVOY MORTGAGE, LTD | $2,785,000 | $755,000 | -72.9% | 0.0% |
| PREMIA MORTGAGE, LLC | $750,000 | n/a | 0.0% | |
| Low VA Rates, LLC | $1,770,000 | $725,000 | -59.0% | 0.0% |
| Discover Bank | $350,000 | $705,000 | 101.4% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $145,000 | $705,000 | 386.2% | 0.0% |
| ONY GLO, INC. | $700,000 | n/a | 0.0% | |
| Century Mortgage Company DBA Century Lending Company | $695,000 | n/a | 0.0% | |
| IMPAC MORTGAGE CORP. | $695,000 | n/a | 0.0% | |
| CBM Mortgage, Inc. | $195,000 | $680,000 | 248.7% | 0.0% |
| UNION HOME MORTGAGE CORP. | $680,000 | n/a | 0.0% | |
| First Midwest Bank | $490,000 | $670,000 | 36.7% | 0.0% |
| MORIA DEVELOPMENT, INC. | $665,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $665,000 | n/a | 0.0% | |
| Truliant Federal Credit Union | $275,000 | $635,000 | 130.9% | 0.0% |
| Mid-Continent Funding, Inc. | $285,000 | $630,000 | 121.1% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $2,420,000 | $625,000 | -74.2% | 0.0% |
| EVANSVILLE TEACHERS | $605,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $105,000 | $595,000 | 466.7% | 0.0% |
| First Horizon Bank | $570,000 | n/a | 0.0% | |
| Independent Bank | $315,000 | $570,000 | 81.0% | 0.0% |
| Victorian Finance, LLC | $560,000 | n/a | 0.0% | |
| Magnolia Bank | $145,000 | $555,000 | 282.8% | 0.0% |
| AmeriHome Mortgage Company, LLC | $895,000 | $550,000 | -38.5% | 0.0% |
| SIRVA MORTGAGE, INC. | $650,000 | $550,000 | -15.4% | 0.0% |
| Chesapeake Bank | $545,000 | n/a | 0.0% | |
| Colten Mortgage, LLC | $545,000 | n/a | 0.0% | |
| MK LENDING CORP. | $545,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $1,350,000 | $520,000 | -61.5% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $520,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $745,000 | $495,000 | -33.6% | 0.0% |
| NASA Federal Credit Union | $195,000 | $495,000 | 153.8% | 0.0% |
| American Airlines Federal Credit Union | $490,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $1,840,000 | $490,000 | -73.4% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $480,000 | n/a | 0.0% | |
| ON Q FINANCIAL, INC. | $680,000 | $475,000 | -30.1% | 0.0% |
| Aurora Financial, LLC | $875,000 | $470,000 | -46.3% | 0.0% |
| TOTAL MORTGAGE SERVICES, LLC | $465,000 | n/a | 0.0% | |
| Chain Bridge Bank | $455,000 | n/a | 0.0% | |
| Mortgage Bank of California | $455,000 | n/a | 0.0% | |
| Southern Bank and Trust Company | $365,000 | $455,000 | 24.7% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $360,000 | $445,000 | 23.6% | 0.0% |
| Amerifirst Financial, Inc. | $420,000 | n/a | 0.0% | |
| First Community Bank | $915,000 | $420,000 | -54.1% | 0.0% |
| RESIDENTIAL HOME FUNDING CORP. | $420,000 | n/a | 0.0% | |
| UNIVERSAL MORTGAGE & FINANCE, INC. | $355,000 | $415,000 | 16.9% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $235,000 | $410,000 | 74.5% | 0.0% |
| IDAHO STATE UNIVERSITY | $410,000 | n/a | 0.0% | |
| The Central Trust Bank | $410,000 | n/a | 0.0% | |
| Congressional Bank | $405,000 | n/a | 0.0% | |
| CRESCENT MORTGAGE COMPANY | $155,000 | $405,000 | 161.3% | 0.0% |
| Residential Mortgage Solutions, Inc. | $405,000 | n/a | 0.0% | |
| EASTMAN | $400,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $395,000 | n/a | 0.0% | |
| Sunflower Bank | $385,000 | n/a | 0.0% | |
| City Bank | $380,000 | $375,000 | -1.3% | 0.0% |
| CPM Federal Credit Union | $375,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $165,000 | $370,000 | 124.2% | 0.0% |
| Notre Dame Federal Credit Union Corporation | $370,000 | n/a | 0.0% | |
| Mortgage Assurance Inc. | $365,000 | n/a | 0.0% | |
| HOMESPIRE MORTGAGE CORPORATION | $360,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP. | $360,000 | n/a | 0.0% | |
| Sandy Spring Bank | $355,000 | n/a | 0.0% | |
| Tidewater Home Funding, LLC | $220,000 | $350,000 | 59.1% | 0.0% |
| Austin Capital Bank SSB | $345,000 | n/a | 0.0% | |
| FineMark National Bank & Trust | $345,000 | n/a | 0.0% | |
| Member Options, LLC | $345,000 | n/a | 0.0% | |
| Plains Commerce Bank | $995,000 | $345,000 | -65.3% | 0.0% |
| Union Bank | $345,000 | n/a | 0.0% | |
| Capital Bank | $335,000 | $340,000 | 1.5% | 0.0% |
| GENEVA FINANCIAL, LLC | $1,640,000 | $340,000 | -79.3% | 0.0% |
| Regions Bank | $6,160,000 | $340,000 | -94.5% | 0.0% |
| T2 FINANCIAL LLC | $235,000 | $335,000 | 42.6% | 0.0% |
| BAYSHORE MORTGAGE FUNDING, LLC | $595,000 | $330,000 | -44.5% | 0.0% |
| BAY CAPITAL MORTGAGE CORPORATION | $415,000 | $325,000 | -21.7% | 0.0% |
| ROSS MORTGAGE CORPORATION | $325,000 | n/a | 0.0% | |
| The Huntington National Bank | $635,000 | $325,000 | -48.8% | 0.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $905,000 | $320,000 | -64.6% | 0.0% |
| Midwest Community Bank | $315,000 | n/a | 0.0% | |
| DEPARTMENT OF COMMERCE | $305,000 | n/a | 0.0% | |
| Merchants Bank of Indiana | $295,000 | n/a | 0.0% | |
| Strong Home Mortgage, LLC | $295,000 | n/a | 0.0% | |
| The Fidelity Bank | $95,000 | $295,000 | 210.5% | 0.0% |
| ALLIANT CREDIT UNION | $290,000 | n/a | 0.0% | |
| Baxter Credit Union | $290,000 | n/a | 0.0% | |
| FIDELITY BANK | $285,000 | n/a | 0.0% | |
| US MORTGAGE CORPORATION | $380,000 | $285,000 | -25.0% | 0.0% |
| DOMINION ENERGY CREDIT UNION | $115,000 | $275,000 | 139.1% | 0.0% |
| THE MORTGAGE LINK, INC. | $275,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $270,000 | n/a | 0.0% | |
| First Savings Bank | $440,000 | $265,000 | -39.8% | 0.0% |
| HANSCOM | $265,000 | n/a | 0.0% | |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $265,000 | n/a | 0.0% | |
| Paramount Bank | $775,000 | $265,000 | -65.8% | 0.0% |
| South State Bank | $105,000 | $265,000 | 152.4% | 0.0% |
| First National Bank of Pennsylvania | $405,000 | $260,000 | -35.8% | 0.0% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $255,000 | n/a | 0.0% | |
| ANGEL OAK HOME LOANS LLC | $1,100,000 | $255,000 | -76.8% | 0.0% |
| Hometown Equity Mortgage, LLC | $195,000 | $255,000 | 30.8% | 0.0% |
| Patriot Bank | $255,000 | n/a | 0.0% | |
| Call Federal Credit Union | $185,000 | $250,000 | 35.1% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $245,000 | n/a | 0.0% | |
| Bank of Charles Town | $245,000 | n/a | 0.0% | |
| United Fidelity Funding Corp. | $510,000 | $245,000 | -52.0% | 0.0% |
| Farmers and Miners Bank | $240,000 | n/a | 0.0% | |
| INTERCAP LENDING INC. | $390,000 | $235,000 | -39.7% | 0.0% |
| Keystone Funding, Inc. | $235,000 | n/a | 0.0% | |
| LENDERFI, INC. | $235,000 | n/a | 0.0% | |
| Uwharrie Bank | $235,000 | n/a | 0.0% | |
| GUILD MORTGAGE COMPANY | $375,000 | $230,000 | -38.7% | 0.0% |
| Beeline Loans, Inc. | $540,000 | $225,000 | -58.3% | 0.0% |
| City National Bank of West Virginia | $235,000 | $225,000 | -4.3% | 0.0% |
| UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION,INC. | $550,000 | $225,000 | -59.1% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $215,000 | n/a | 0.0% | |
| Commerce Bank | $215,000 | n/a | 0.0% | |
| Community First National Bank | $205,000 | $215,000 | 4.9% | 0.0% |
| FAMILY FIRST FUNDING LLC | $215,000 | n/a | 0.0% | |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $1,855,000 | $215,000 | -88.4% | 0.0% |
| EagleBank | $550,000 | $205,000 | -62.7% | 0.0% |
| MORTGAGE ACCESS CORP. | $1,245,000 | $205,000 | -83.5% | 0.0% |
| Old National Bank | $205,000 | n/a | 0.0% | |
| STANFORD Federal Credit Union | $205,000 | n/a | 0.0% | |
| United Bank | $360,000 | $205,000 | -43.1% | 0.0% |
| NUMARK CREDIT UNION | $25,000 | $200,000 | 700.0% | 0.0% |
| JUSTICE Federal Credit Union | $195,000 | n/a | 0.0% | |
| Servion, Inc. | $225,000 | $195,000 | -13.3% | 0.0% |
| WesBanco Bank, Inc. | $195,000 | n/a | 0.0% | |
| American National Bank of Minnesota | $185,000 | n/a | 0.0% | |
| Apple Federal Credit Union | $290,000 | $185,000 | -36.2% | 0.0% |
| Virginia National Bank | $185,000 | n/a | 0.0% | |
| LENDINGHOME FUNDING CORPORATION | $75,000 | $180,000 | 140.0% | 0.0% |
| Chickasaw Community Bank | $175,000 | n/a | 0.0% | |
| HAMILTON HOME LOANS, INC. | $175,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $175,000 | n/a | 0.0% | |
| FIDELITY DIRECT MORTGAGE, LLC | $215,000 | $165,000 | -23.3% | 0.0% |
| Nicolet National Bank | $165,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $165,000 | n/a | 0.0% | |
| Summit Community Bank, Inc. | $165,000 | n/a | 0.0% | |
| FIRST SAVINGS MORTGAGE CORPORATION | $1,275,000 | $155,000 | -87.8% | 0.0% |
| Metro City Bank | $155,000 | n/a | 0.0% | |
| Princeton Mortgage Corporation | $155,000 | n/a | 0.0% | |
| MASON MCDUFFIE MORTGAGE CORPORATION | $95,000 | $145,000 | 52.6% | 0.0% |
| A Mortgage Boutique, LLC | $205,000 | $135,000 | -34.1% | 0.0% |
| First Bank | $485,000 | $135,000 | -72.2% | 0.0% |
| Gateway First Bank | $145,000 | $135,000 | -6.9% | 0.0% |
| NexBank | $135,000 | n/a | 0.0% | |
| BOKF | $825,000 | $125,000 | -84.8% | 0.0% |
| United Nations Federal Credit Union | $125,000 | n/a | 0.0% | |
| TOWER | $555,000 | $120,000 | -78.4% | 0.0% |
| AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. | $105,000 | $115,000 | 9.5% | 0.0% |
| The Freedom Bank of Virginia | $115,000 | n/a | 0.0% | |
| Triumph Bank | $115,000 | n/a | 0.0% | |
| ALLEGACY FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| Armed Forces Bank | $105,000 | n/a | 0.0% | |
| Clearview Federal Credit Union | $105,000 | n/a | 0.0% | |
| FIRST HERITAGE FINANCIAL, LLC | $105,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $510,000 | $105,000 | -79.4% | 0.0% |
| TIAA, FSB | $1,290,000 | $105,000 | -91.9% | 0.0% |
| York Traditions Bank | $275,000 | $105,000 | -61.8% | 0.0% |
| Northwest Federal Credit Union | $560,000 | $100,000 | -82.1% | 0.0% |
| NEXTMARK | $45,000 | $85,000 | 88.9% | 0.0% |
| Colonial Savings, F.A. | $265,000 | $75,000 | -71.7% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $75,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $75,000 | n/a | 0.0% | |
| MEMBERS 1ST FEDERAL CREDIT UNION | $175,000 | $75,000 | -57.1% | 0.0% |
| LANGLEY | $530,000 | $65,000 | -87.7% | 0.0% |
| First National Bank of America | $55,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $280,000 | $35,000 | -87.5% | 0.0% |
| COASTAL Federal Credit Union | $25,000 | n/a | 0.0% | |
| Citizens Bank and Trust Company | $65,000 | $20,000 | -69.2% | 0.0% |
LYNCHBURG's top lender by overall market share is QUICKEN LOANS, LLC, with 9.5% market share. In second place, with 6.3%, is MOVEMENT MORTGAGE, LLC, having originated $150,585,000 in loans. In third place, with 5.4%, is EMBRACE HOME LOANS, INC., having originated $128,745,000 in loans. In third place, with 4.4%, is Wells Fargo Bank, having originated $104,010,000 in loans. In third place, with 3.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $86,160,000 in loans.
LYNCHBURG, VA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 4,628 | $1,095,850,000 | $236,787 |
| Refi | 3,921 | $834,655,000 | $212,868 |
| Cash Out Refi | 1,893 | $370,685,000 | $195,819 |
| Other | 331 | $33,945,000 | $102,553 |
| Home Improvement | 320 | $38,040,000 | $118,875 |
Lynchburg's most frequently cited loan purpose was Home Purchase, with 4,628 originations. The 2nd most popular reason was Refi, with 3,921 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 4,340 | $937,060,000 | $215,912 |
| 3-4% | 3,818 | $822,340,000 | $215,385 |
| <2.5% | 1,995 | $438,625,000 | $219,862 |
| 4-5% | 443 | $58,995,000 | $133,172 |
| Over 8% | 111 | $8,865,000 | $79,865 |
| 5-6% | 53 | $5,385,000 | $101,604 |
| 6-7% | 35 | $2,715,000 | $77,571 |
| 7-8% | 31 | $1,995,000 | $64,355 |
During 2021, Lynchburg's most frequently originated rate bucket was 2.5-3%, with 4,340 originations.
Loan Sizing (LYNCHBURG, VA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 4,956 | $745,590,000 | $150,442 |
| $200k-400k | 3,836 | $1,026,070,000 | $267,484 |
| $100,000 or less | 1,622 | $103,280,000 | $63,674 |
| $400k-600k | 539 | $257,605,000 | $477,931 |
| $600k-1000k | 97 | $71,115,000 | $733,144 |
| $Over $1MM | 43 | $169,515,000 | $3,942,209 |
LYNCHBURG's loan sizing saw the bucket of loans from $100k-200k with 4,956 originations, totaling $745,590,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 4,209 | $980,595,000 | $232,976 |
| 60-80% | 3,673 | $843,045,000 | $229,525 |
| 40-60% | 1,420 | $247,860,000 | $174,549 |
| 20-40% | 602 | $69,290,000 | $115,100 |
| Under 20% | 395 | $15,755,000 | $39,886 |
| Over 100% | 138 | $40,030,000 | $290,072 |
LYNCHBURG's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 4,209 originations, totaling $980,595,000 in origination value.
