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
6.71%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.74% and
one month ago for the week of 2023-02-09, the
average rate was 6.53%.
Lynchburg's average rate one year ago was 3.85%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.78%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Lynchburg 30 Year Fixed Rate | 2023-03-16 | 6.71% |
| Lynchburg 30 Year Fixed Rate Refi | 2023-03-16 | 6.78% |
| Lynchburg 15 Year Fixed Rate | 2023-03-16 | 6.37% |
| Lynchburg 15 Year Fixed Rate Refi | 2023-03-16 | 5.99% |
| Lynchburg 30 Year FHA | 2023-03-16 | 6.43% |
| Lynchburg 30 Year FHA Refi | 2023-03-16 | 6.29% |
| Lynchburg 30 Year USDA | 2023-03-16 | 6.35% |
| Lynchburg 30 Year USDA Refi | 2023-03-16 | 6.32% |
| Lynchburg 30 Year VA | 2023-03-16 | 6.26% |
| Lynchburg 30 Year VA Refi | 2023-03-16 | 5.7% |
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 220 lenders originated 6,775
loans during 2022. The total origination value was $1,647,295,000, with an average loan value of
$243,143.
LYNCHBURG's average closing costs are $4,732.
The top LYNCHBURG lender as defined by loan originations is QUICKEN LOANS, LLC, with
254 loans originated. Their average total fees are
$5,902, which is $1,027
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. ($2,487), JPMorgan Chase Bank ($3,441), Alcova Mortgage LLC ($3,747), BETTER MORTGAGE CORPORATION ($3,877) and PROVIDENT FUNDING ASSOCIATES, L.P. ($3,888).
The lowest rate LYNCHBURG lenders (with over 10 loans originated) are
BETTER MORTGAGE CORPORATION (3.65%), Bank of America (3.98%), First-Citizens Bank & Trust Company (4.24%), American National Bank and Trust Company (4.27%) and LOANDEPOT.COM, LLC (4.45%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $226,345,000 | $111,045,000 | -50.9% | 6.7% |
| Truist | $78,430,000 | $100,290,000 | 27.9% | 6.1% |
| MOVEMENT MORTGAGE, LLC | $150,585,000 | $89,385,000 | -40.6% | 5.4% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $72,115,000 | $60,650,000 | -15.9% | 3.7% |
| EMBRACE HOME LOANS, INC. | $128,745,000 | $58,265,000 | -54.7% | 3.5% |
| FREEDOM FIRST | $12,065,000 | $57,595,000 | 377.4% | 3.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $86,160,000 | $45,120,000 | -47.6% | 2.7% |
| American National Bank and Trust Company | $43,920,000 | $44,580,000 | 1.5% | 2.7% |
| Bank of the James | $13,690,000 | $40,735,000 | 197.6% | 2.5% |
| Alcova Mortgage LLC | $27,825,000 | $38,700,000 | 39.1% | 2.3% |
| Renasant Bank | $81,625,000 | $37,565,000 | -54.0% | 2.3% |
| NATION ONE MORTGAGE CORPORATION | $48,390,000 | $33,920,000 | -29.9% | 2.1% |
| FIRST BANCORP, INC. | $39,920,000 | $32,560,000 | -18.4% | 2.0% |
| Citizens Bank | $51,250,000 | $30,400,000 | -40.7% | 1.8% |
| Wells Fargo Bank | $104,010,000 | $26,430,000 | -74.6% | 1.6% |
| Mortgage Research Center, LLC | $25,305,000 | $23,890,000 | -5.6% | 1.5% |
| MEMBER ONE | $13,340,000 | $23,255,000 | 74.3% | 1.4% |
| Arbor Realty Trust, Inc. | $22,385,000 | n/a | 1.4% | |
| The Farmers Bank of Appomattox | $6,205,000 | $20,990,000 | 238.3% | 1.3% |
| First-Citizens Bank & Trust Company | $23,815,000 | $20,850,000 | -12.5% | 1.3% |
| WALKER & DUNLOP, LLC | $20,735,000 | n/a | 1.3% | |
| United Bank | $205,000 | $20,455,000 | 9,878.0% | 1.2% |
| Atlantic Union Bank | $24,945,000 | $20,150,000 | -19.2% | 1.2% |
| THRIVE MORTGAGE, LLC | $2,450,000 | $19,880,000 | 711.4% | 1.2% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $30,980,000 | $18,160,000 | -41.4% | 1.1% |
| BERKELEY POINT CAPITAL LLC | $17,845,000 | n/a | 1.1% | |
| MCLEAN MORTGAGE CORPORATION | $31,340,000 | $17,625,000 | -43.8% | 1.1% |
| First National Bank | $29,385,000 | $17,280,000 | -41.2% | 1.0% |
| LOANDEPOT.COM, LLC | $38,395,000 | $15,915,000 | -58.5% | 1.0% |
| NAVY FEDERAL CREDIT UNION | $24,090,000 | $15,705,000 | -34.8% | 1.0% |
| Integrity Home Mortgage Corp | $19,720,000 | $14,640,000 | -25.8% | 0.9% |
| EMM LOANS LLC | $1,195,000 | $14,315,000 | 1,097.9% | 0.9% |
| Select Bank | $14,235,000 | n/a | 0.9% | |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $24,135,000 | $14,110,000 | -41.5% | 0.9% |
| FREEDOM MORTGAGE CORPORATION | $83,345,000 | $13,830,000 | -83.4% | 0.8% |
| Blue Ridge Bank | $6,935,000 | $11,955,000 | 72.4% | 0.7% |
| GUARANTY HOME MORTGAGE CORPORATION | $23,570,000 | $11,440,000 | -51.5% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $25,875,000 | $11,335,000 | -56.2% | 0.7% |
| Bank of America | $20,395,000 | $9,520,000 | -53.3% | 0.6% |
| Prosperity Home Mortgage, LLC | $25,440,000 | $9,400,000 | -63.1% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $24,905,000 | $9,305,000 | -62.6% | 0.6% |
| APEX HOME LOANS, INC. | $58,365,000 | $9,140,000 | -84.3% | 0.6% |
| HOME POINT FINANCIAL CORPORATION | $16,280,000 | $9,115,000 | -44.0% | 0.6% |
| CALIBER HOME LOANS, INC. | $15,930,000 | $8,720,000 | -45.3% | 0.5% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $3,415,000 | $7,825,000 | 129.1% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $24,645,000 | $7,595,000 | -69.2% | 0.5% |
| CENTRAL VIRGINIA | $7,645,000 | $7,255,000 | -5.1% | 0.4% |
| Bank of Botetourt | $3,045,000 | $6,950,000 | 128.2% | 0.4% |
| Carter Bank & Trust | $9,320,000 | $6,825,000 | -26.8% | 0.4% |
| USAA Federal Savings Bank | $5,975,000 | $6,665,000 | 11.5% | 0.4% |
| BROKER SOLUTIONS, INC. | $10,250,000 | $6,550,000 | -36.1% | 0.4% |
| CNB Bank | $1,580,000 | $6,435,000 | 307.3% | 0.4% |
| SWBC MORTGAGE CORPORATION | $9,985,000 | $5,895,000 | -41.0% | 0.4% |
| Assurance Financial Group, L.L.C. | $12,610,000 | $5,660,000 | -55.1% | 0.3% |
| U.S. Bank | $7,930,000 | $5,475,000 | -31.0% | 0.3% |
| PNC Bank | $4,490,000 | $5,445,000 | 21.3% | 0.3% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $3,855,000 | $5,360,000 | 39.0% | 0.3% |
| JPMorgan Chase Bank | $9,960,000 | $5,195,000 | -47.8% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $13,060,000 | $5,170,000 | -60.4% | 0.3% |
| Flagstar Bank, FSB | $6,840,000 | $5,130,000 | -25.0% | 0.3% |
| CAPITAL CENTER, L.L.C. | $14,520,000 | $5,115,000 | -64.8% | 0.3% |
| PENTAGON FEDERAL CREDIT UNION | $6,480,000 | $5,055,000 | -22.0% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $9,540,000 | $4,970,000 | -47.9% | 0.3% |
| NFM, INC. | $4,980,000 | $4,950,000 | -0.6% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $4,830,000 | $4,840,000 | 0.2% | 0.3% |
| George Mason Mortgage, LLC | $1,865,000 | $4,715,000 | 152.8% | 0.3% |
| OVM FINANCIAL, INC. | $8,060,000 | $4,515,000 | -44.0% | 0.3% |
| Atlantic Coast Mortgage, LLC | $3,530,000 | $4,440,000 | 25.8% | 0.3% |
| DUPONT COMMUNITY | $1,270,000 | $4,440,000 | 249.6% | 0.3% |
| AMERICAN HERITAGE LENDING, INC. | $4,410,000 | n/a | 0.3% | |
| UNION HOME MORTGAGE CORP. | $680,000 | $4,290,000 | 530.9% | 0.3% |
| GUARANTEED RATE, INC. | $9,915,000 | $4,285,000 | -56.8% | 0.3% |
| GREYSTONE SERVICING COMPANY LLC | $9,225,000 | $4,005,000 | -56.6% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,460,000 | $3,975,000 | 61.6% | 0.2% |
| Virginia Credit Union, Inc. | $14,430,000 | $3,965,000 | -72.5% | 0.2% |
| BETTER MORTGAGE CORPORATION | $12,310,000 | $3,935,000 | -68.0% | 0.2% |
| NEW DAY FINANCIAL, LLC | $7,235,000 | $3,870,000 | -46.5% | 0.2% |
| Charles Schwab Bank, SSB | $3,610,000 | n/a | 0.2% | |
| NEWREZ LLC | $15,895,000 | $3,550,000 | -77.7% | 0.2% |
| BLUE EAGLE CREDIT UNION | $4,905,000 | $3,100,000 | -36.8% | 0.2% |
| Pinnacle Bank | $21,115,000 | $3,090,000 | -85.4% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $1,085,000 | $3,075,000 | 183.4% | 0.2% |
| Ameris Bank | $2,845,000 | $3,055,000 | 7.4% | 0.2% |
| Independent Bank | $570,000 | $3,035,000 | 432.5% | 0.2% |
| AMERICAN FINANCING CORPORATION | $4,290,000 | $2,980,000 | -30.5% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $1,040,000 | $2,965,000 | 185.1% | 0.2% |
| MORTGAGE ACCESS CORP. | $205,000 | $2,775,000 | 1,253.7% | 0.2% |
| Presidential Bank, FSB | $1,340,000 | $2,690,000 | 100.7% | 0.2% |
| First Bank | $135,000 | $2,660,000 | 1,870.4% | 0.2% |
| C & F Mortgage Corporation | $5,750,000 | $2,620,000 | -54.4% | 0.2% |
| Fulton Bank | $2,375,000 | $2,575,000 | 8.4% | 0.2% |
| INTERCOASTAL MORTGAGE COMPANY | $4,370,000 | $2,550,000 | -41.6% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,695,000 | $2,460,000 | -47.6% | 0.1% |
| First Heritage Mortgage, LLC | $2,225,000 | $2,400,000 | 7.9% | 0.1% |
| STATE EMPLOYEES' | $1,695,000 | $2,345,000 | 38.3% | 0.1% |
| ValleyStar Credit Union | $2,225,000 | $2,335,000 | 4.9% | 0.1% |
| Carrington Mortgage Services, LLC | $4,470,000 | $2,305,000 | -48.4% | 0.1% |
| CMG MORTGAGE, INC. | $1,085,000 | $2,215,000 | 104.1% | 0.1% |
| South State Bank | $265,000 | $2,205,000 | 732.1% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $480,000 | $2,160,000 | 350.0% | 0.1% |
| North American Savings Bank, F.S.B. | $2,215,000 | $2,125,000 | -4.1% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,130,000 | $2,065,000 | -34.0% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $3,595,000 | $2,040,000 | -43.3% | 0.1% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $1,130,000 | $1,975,000 | 74.8% | 0.1% |
| Citibank | $1,880,000 | n/a | 0.1% | |
| Ally Bank | $1,870,000 | n/a | 0.1% | |
| Nations Lending Corporation | $1,775,000 | $1,850,000 | 4.2% | 0.1% |
| Fifth Third Bank | $2,625,000 | $1,815,000 | -30.9% | 0.1% |
| NBKC BANK | $1,725,000 | $1,815,000 | 5.2% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $2,365,000 | $1,785,000 | -24.5% | 0.1% |
| First Community Bank | $420,000 | $1,755,000 | 317.9% | 0.1% |
| FirstBank | $870,000 | $1,715,000 | 97.1% | 0.1% |
| NETWORK CAPITAL FUNDING CORPORATION | $4,335,000 | $1,690,000 | -61.0% | 0.1% |
| F & M BANK CORP. | $3,125,000 | $1,660,000 | -46.9% | 0.1% |
| Northpointe Bank | $1,255,000 | $1,655,000 | 31.9% | 0.1% |
| Kwik Mortgage Corporation | $1,645,000 | n/a | 0.1% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,255,000 | $1,625,000 | -27.9% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $4,190,000 | $1,540,000 | -63.2% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $1,095,000 | $1,525,000 | 39.3% | 0.1% |
| PIONEER BANK | $1,505,000 | n/a | 0.1% | |
| GUILD MORTGAGE COMPANY | $230,000 | $1,445,000 | 528.3% | 0.1% |
| HOMESPIRE MORTGAGE CORPORATION | $360,000 | $1,435,000 | 298.6% | 0.1% |
| AgFirst Farm Credit Bank | $4,550,000 | $1,395,000 | -69.3% | 0.1% |
| Bank of England | $1,695,000 | $1,385,000 | -18.3% | 0.1% |
| Ixonia Bank | $1,050,000 | $1,380,000 | 31.4% | 0.1% |
| The Federal Savings Bank | $3,280,000 | $1,380,000 | -57.9% | 0.1% |
| Stifel Bank and Trust | $490,000 | $1,375,000 | 180.6% | 0.1% |
| Waterstone Mortgage Corporation | $3,020,000 | $1,370,000 | -54.6% | 0.1% |
| NVR Mortgage Finance, Inc. | $1,355,000 | n/a | 0.1% | |
| The Fidelity Bank | $295,000 | $1,340,000 | 354.2% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,145,000 | $1,335,000 | 16.6% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $7,545,000 | $1,330,000 | -82.4% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,730,000 | $1,325,000 | -23.4% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,620,000 | $1,305,000 | -19.4% | 0.1% |
| LOANPAL, LLC | $880,000 | $1,305,000 | 48.3% | 0.1% |
| M&T Bank | $1,195,000 | $1,305,000 | 9.2% | 0.1% |
| The Central Trust Bank | $410,000 | $1,255,000 | 206.1% | 0.1% |
| Towne Bank | $1,480,000 | $1,255,000 | -15.2% | 0.1% |
| AmeriHome Mortgage Company, LLC | $550,000 | $1,245,000 | 126.4% | 0.1% |
| Discover Bank | $705,000 | $1,225,000 | 73.8% | 0.1% |
| KeyBank | $1,160,000 | n/a | 0.1% | |
| COASTAL Federal Credit Union | $25,000 | $1,140,000 | 4,460.0% | 0.1% |
| CLEARPATH LENDING | $1,510,000 | $1,130,000 | -25.2% | 0.1% |
| Meridian Bank Corporation | $1,125,000 | n/a | 0.1% | |
| First Reliance Bank | $12,800,000 | $1,120,000 | -91.3% | 0.1% |
| Figure Lending LLC | $1,580,000 | $1,115,000 | -29.4% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $1,930,000 | $1,105,000 | -42.7% | 0.1% |
| Chicago Mortgage Solutions LLC | $1,890,000 | $1,085,000 | -42.6% | 0.1% |
| TD Bank | $1,565,000 | $990,000 | -36.7% | 0.1% |
| Farm Credit of the Virginias, ACA | $2,045,000 | $970,000 | -52.6% | 0.1% |
| ZILLOW HOME LOANS, LLC | $2,610,000 | $960,000 | -63.2% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $370,000 | $945,000 | 155.4% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $2,620,000 | $940,000 | -64.1% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $3,150,000 | $910,000 | -71.1% | 0.1% |
| UBS Bank USA | $905,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $760,000 | $900,000 | 18.4% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $900,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $935,000 | $890,000 | -4.8% | 0.1% |
| PLANET HOME LENDING, LLC | $1,160,000 | $885,000 | -23.7% | 0.1% |
| TIDEWATER MORTGAGE SERVICES, INC. | $3,075,000 | $885,000 | -71.2% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $880,000 | n/a | 0.1% | |
| JAMS-01, INC. | $770,000 | $825,000 | 7.1% | 0.1% |
| NATIONAL BANKSHARES, INC. | $3,285,000 | $820,000 | -75.0% | 0.0% |
| First Horizon Bank | $570,000 | $810,000 | 42.1% | 0.0% |
| Dollar Bank, Federal Savings Bank | $805,000 | n/a | 0.0% | |
| Paramount Bank | $265,000 | $805,000 | 203.8% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $1,010,000 | $800,000 | -20.8% | 0.0% |
| DIGITAL Federal Credit Union | $790,000 | n/a | 0.0% | |
| First National Bank of Pennsylvania | $260,000 | $790,000 | 203.8% | 0.0% |
| FIRST HOME MORTGAGE CORPORATION | $1,060,000 | $780,000 | -26.4% | 0.0% |
| Orion Federal Credit Union | $775,000 | n/a | 0.0% | |
| BNC National Bank | $1,820,000 | $760,000 | -58.2% | 0.0% |
| MEMBER ADVANTAGE MORTGAGE, LLC | $760,000 | n/a | 0.0% | |
| EagleBank | $205,000 | $725,000 | 253.7% | 0.0% |
| REDWOOD RESIDENTIAL ACQUISITION CORPORATION | $725,000 | n/a | 0.0% | |
| Truliant Federal Credit Union | $635,000 | $725,000 | 14.2% | 0.0% |
| Vellum Mortgage, Inc. | $865,000 | $725,000 | -16.2% | 0.0% |
| First Guaranty Mortgage Corporation | $4,110,000 | $715,000 | -82.6% | 0.0% |
| Metro City Bank | $155,000 | $695,000 | 348.4% | 0.0% |
| COREVEST AMERICAN FINANCE LENDER LLC | $675,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $1,385,000 | $675,000 | -51.3% | 0.0% |
| DIRECT MORTGAGE LOANS, LLC | $645,000 | n/a | 0.0% | |
| Abbott Laboratories Employees Credit Union | $615,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $930,000 | $615,000 | -33.9% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $180,000 | $605,000 | 236.1% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $445,000 | $590,000 | 32.6% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $105,000 | $580,000 | 452.4% | 0.0% |
| TOWER | $120,000 | $555,000 | 362.5% | 0.0% |
| CBM Mortgage, Inc. | $680,000 | $525,000 | -22.8% | 0.0% |
| FAY SERVICING, LLC | $525,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $920,000 | $515,000 | -44.0% | 0.0% |
| LANGLEY | $65,000 | $510,000 | 684.6% | 0.0% |
| AMERICAN ADVISORS GROUP | $800,000 | $490,000 | -38.8% | 0.0% |
| First Home Bank | $1,135,000 | $490,000 | -56.8% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $490,000 | n/a | 0.0% | |
| FIRST SAVINGS MORTGAGE CORPORATION | $155,000 | $485,000 | 212.9% | 0.0% |
| CityWorth Mortgage LLC | $785,000 | $480,000 | -38.9% | 0.0% |
| HANSCOM | $265,000 | $475,000 | 79.2% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $940,000 | $460,000 | -51.1% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $980,000 | $450,000 | -54.1% | 0.0% |
| Regions Bank | $340,000 | $450,000 | 32.4% | 0.0% |
| Axos Bank | $925,000 | $435,000 | -53.0% | 0.0% |
| SeaTrust Mortgage Company | $425,000 | n/a | 0.0% | |
| The Old Point National Bank of Phoebus | $425,000 | n/a | 0.0% | |
| Northwest Federal Credit Union | $100,000 | $420,000 | 320.0% | 0.0% |
| GENERAL ELECTRIC EMPLOYEES FEDERAL CREDIT UNION | $1,065,000 | $415,000 | -61.0% | 0.0% |
| LOGIX FEDERAL CREDIT UNION | $410,000 | n/a | 0.0% | |
| Low VA Rates, LLC | $725,000 | $410,000 | -43.4% | 0.0% |
| Peoples Bank | $410,000 | n/a | 0.0% | |
| The Huntington National Bank | $325,000 | $410,000 | 26.2% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $2,985,000 | $410,000 | -86.3% | 0.0% |
| Colonial Farm Credit, ACA | $405,000 | n/a | 0.0% | |
| MILEND, INC. | $1,020,000 | $400,000 | -60.8% | 0.0% |
| KELLER MORTGAGE, LLC | $1,830,000 | $395,000 | -78.4% | 0.0% |
| Plains Commerce Bank | $345,000 | $390,000 | 13.0% | 0.0% |
| Armed Forces Bank | $105,000 | $385,000 | 266.7% | 0.0% |
| Equity Prime Mortgage LLC | $385,000 | n/a | 0.0% | |
| GUIDANCE RESIDENTIAL, LLC | $385,000 | n/a | 0.0% | |
| UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION,INC. | $225,000 | $385,000 | 71.1% | 0.0% |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $385,000 | n/a | 0.0% | |
| Southern Bank and Trust Company | $455,000 | $380,000 | -16.5% | 0.0% |
| Morgan Stanley Private Bank | $375,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $665,000 | $370,000 | -44.4% | 0.0% |
| TOWNE MORTGAGE COMPANY | $2,055,000 | $370,000 | -82.0% | 0.0% |
| CHEVRON | $365,000 | n/a | 0.0% | |
| First Federal Savings and Loan Association of Lakewood | $355,000 | n/a | 0.0% | |
| First Financial Bank | $355,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $1,460,000 | $355,000 | -75.7% | 0.0% |
| Magnolia Bank | $555,000 | $340,000 | -38.7% | 0.0% |
| Bethpage Federal Credit Union | $35,000 | $335,000 | 857.1% | 0.0% |
| 1ST SIGNATURE LENDING, LLC | $325,000 | n/a | 0.0% | |
| 1st Summit Bank | $325,000 | n/a | 0.0% | |
| First Federal Bank | $1,900,000 | $325,000 | -82.9% | 0.0% |
| N R L Federal Credit Union | $325,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $320,000 | n/a | 0.0% | |
| NATIONS DIRECT MORTGAGE, LLC | $625,000 | $320,000 | -48.8% | 0.0% |
| CRESCENT MORTGAGE COMPANY | $405,000 | $315,000 | -22.2% | 0.0% |
| First National Bank of America | $55,000 | $315,000 | 472.7% | 0.0% |
| First Savings Bank | $265,000 | $295,000 | 11.3% | 0.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $320,000 | $295,000 | -7.8% | 0.0% |
| PANORAMA MORTGAGE GROUP, LLC | $295,000 | n/a | 0.0% | |
| TOTAL MORTGAGE SERVICES, LLC | $465,000 | $295,000 | -36.6% | 0.0% |
| EVERETT FINANCIAL, INC. | $290,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $1,465,000 | $285,000 | -80.5% | 0.0% |
| TRUMARK FINANCIAL CREDIT UNION | $285,000 | n/a | 0.0% | |
| EQUITY RESOURCES, INC. | $275,000 | n/a | 0.0% | |
| FIDELITY DIRECT MORTGAGE, LLC | $165,000 | $275,000 | 66.7% | 0.0% |
| INLAND BANK & TRUST | $275,000 | n/a | 0.0% | |
| Mid-Continent Funding, Inc. | $630,000 | $275,000 | -56.3% | 0.0% |
| Strong Home Mortgage, LLC | $295,000 | $275,000 | -6.8% | 0.0% |
| Apple Federal Credit Union | $185,000 | $270,000 | 45.9% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $1,155,000 | $270,000 | -76.6% | 0.0% |
| Colonial Savings, F.A. | $75,000 | $265,000 | 253.3% | 0.0% |
| NP, Inc. | $760,000 | $265,000 | -65.1% | 0.0% |
| Prime Choice Funding Inc. | $1,260,000 | $265,000 | -79.0% | 0.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $265,000 | n/a | 0.0% | |
| West Town Bank & Trust | $265,000 | n/a | 0.0% | |
| MIDLAND MORTGAGE CORPORATION | $3,810,000 | $260,000 | -93.2% | 0.0% |
| Skyline National Bank | $1,010,000 | $260,000 | -74.3% | 0.0% |
| Bank of Oak Ridge | $255,000 | n/a | 0.0% | |
| SONABANK | $255,000 | n/a | 0.0% | |
| Southern First Bank | $255,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $75,000 | $245,000 | 226.7% | 0.0% |
| A&D Mortgage LLC | $235,000 | n/a | 0.0% | |
| HomeTrust Bank | $1,955,000 | $235,000 | -88.0% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $235,000 | n/a | 0.0% | |
| Advance Financial Group, LLC | $795,000 | $225,000 | -71.7% | 0.0% |
| Bank of Colorado | $225,000 | n/a | 0.0% | |
| Beeline Loans, Inc. | $225,000 | $225,000 | 0.0% | 0.0% |
| GENEVA FINANCIAL, LLC | $340,000 | $225,000 | -33.8% | 0.0% |
| LATINO COMMUNITY CREDIT UNION | $225,000 | n/a | 0.0% | |
| S1L, Inc. | $225,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $215,000 | n/a | 0.0% | |
| Tidewater Home Funding, LLC | $350,000 | $215,000 | -38.6% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $695,000 | $205,000 | -70.5% | 0.0% |
| EDUCATIONAL SYSTEMS | $205,000 | n/a | 0.0% | |
| Evolve Bank & Trust | $205,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $255,000 | $205,000 | -19.6% | 0.0% |
| Hometown Lenders, Inc. | $205,000 | n/a | 0.0% | |
| Notre Dame Federal Credit Union Corporation | $370,000 | $205,000 | -44.6% | 0.0% |
| Pinnacle Bank | $21,115,000 | $205,000 | -99.0% | 0.0% |
| Quontic Bank | $205,000 | n/a | 0.0% | |
| The Gratz Bank | $205,000 | n/a | 0.0% | |
| ARC HOME LLC | $1,090,000 | $195,000 | -82.1% | 0.0% |
| Aurora Financial, LLC | $470,000 | $195,000 | -58.5% | 0.0% |
| CNB Bank Inc. | $195,000 | n/a | 0.0% | |
| Virginia National Bank | $185,000 | $195,000 | 5.4% | 0.0% |
| 1ST FINANCIAL, INC. | $185,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $490,000 | $185,000 | -62.2% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $185,000 | n/a | 0.0% | |
| GSF Mortgage Corporation | $185,000 | n/a | 0.0% | |
| INTERLINC MORTGAGE SERVICES, LLC | $185,000 | n/a | 0.0% | |
| OAKTREE FUNDING CORP. | $185,000 | n/a | 0.0% | |
| THE MORTGAGE LINK, INC. | $275,000 | $185,000 | -32.7% | 0.0% |
| Alpha Mortgage Corporation | $175,000 | n/a | 0.0% | |
| Bank of Charles Town | $245,000 | $175,000 | -28.6% | 0.0% |
| Citadel Servicing Corporation | $175,000 | n/a | 0.0% | |
| COMMUNITYAMERICA | $175,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $270,000 | $175,000 | -35.2% | 0.0% |
| RESIDENTIAL BANCORP. | $360,000 | $175,000 | -51.4% | 0.0% |
| Towne First Mortgage, LLC | $175,000 | n/a | 0.0% | |
| UNITED MORTGAGE CORP. | $175,000 | n/a | 0.0% | |
| First Bank | $135,000 | $165,000 | 22.2% | 0.0% |
| GEORGIA'S OWN | $165,000 | n/a | 0.0% | |
| VILLAGE BANK MORTGAGE CORPORATION | $160,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $245,000 | $155,000 | -36.7% | 0.0% |
| GENISYS | $155,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $155,000 | n/a | 0.0% | |
| SILVER HILL FUNDING, LLC | $155,000 | n/a | 0.0% | |
| Wilmington Savings Fund Society, FSB | $155,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $955,000 | $145,000 | -84.8% | 0.0% |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $265,000 | $145,000 | -45.3% | 0.0% |
| RBC Bank, (Georgia) | $145,000 | n/a | 0.0% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $145,000 | n/a | 0.0% | |
| BancFirst | $135,000 | n/a | 0.0% | |
| City National Bank of West Virginia | $225,000 | $135,000 | -40.0% | 0.0% |
| Gateway First Bank | $135,000 | $135,000 | 0.0% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $75,000 | $130,000 | 73.3% | 0.0% |
| ANGEL OAK HOME LOANS LLC | $255,000 | $125,000 | -51.0% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $705,000 | $125,000 | -82.3% | 0.0% |
| NEWPORT NEWS SHIPBUILDING EMPLOYEES | $125,000 | n/a | 0.0% | |
| PARK VIEW FEDERAL CREDIT UNION | $125,000 | n/a | 0.0% | |
| PROPONENT Federal Credit Union | $125,000 | n/a | 0.0% | |
| STEARNS LENDING, LLC | $10,075,000 | $125,000 | -98.8% | 0.0% |
| The Freedom Bank of Virginia | $115,000 | $125,000 | 8.7% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $120,000 | n/a | 0.0% | |
| Bank-Fund Staff Federal Credit Union | $115,000 | n/a | 0.0% | |
| FirstCapital Bank of Texas | $115,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $665,000 | $115,000 | -82.7% | 0.0% |
| York Traditions Bank | $105,000 | $115,000 | 9.5% | 0.0% |
| ALLIANT CREDIT UNION | $290,000 | $105,000 | -63.8% | 0.0% |
| Baxter Credit Union | $290,000 | $105,000 | -63.8% | 0.0% |
| COMPASS MORTGAGE, INC. | $105,000 | n/a | 0.0% | |
| MEMBER FIRST MORTGAGE, LLC | $105,000 | n/a | 0.0% | |
| Princeton Mortgage Corporation | $155,000 | $105,000 | -32.3% | 0.0% |
| Citizens Bank and Trust Company | $20,000 | $90,000 | 350.0% | 0.0% |
| American Security Mortgage Corp. | $85,000 | n/a | 0.0% | |
| GoPrime Mortgage, Inc. | $75,000 | n/a | 0.0% | |
| PUBLIX EMPLOYEES | $75,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $65,000 | n/a | 0.0% | |
| Call Federal Credit Union | $250,000 | $55,000 | -78.0% | 0.0% |
| ALLEGACY FEDERAL CREDIT UNION | $105,000 | $45,000 | -57.1% | 0.0% |
| ANDREWS FEDERAL CREDIT UNION | $45,000 | n/a | 0.0% | |
| Citizens and Farmers Bank | $45,000 | n/a | 0.0% | |
| Nicolet National Bank | $165,000 | $45,000 | -72.7% | 0.0% |
| Salem VA Credit Union | $45,000 | n/a | 0.0% | |
| LAFAYETTE FEDERAL CREDIT UNION | $35,000 | n/a | 0.0% |
LYNCHBURG's top lender by overall market share is QUICKEN LOANS, LLC, with 6.7% market share. In second place, with 6.1%, is Truist, having originated $100,290,000 in loans. In third place, with 5.4%, is MOVEMENT MORTGAGE, LLC, having originated $89,385,000 in loans. In fourth place, with 3.7%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $60,650,000 in loans. In fifth place, with 3.5%, is EMBRACE HOME LOANS, INC., having originated $58,265,000 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 (13.9%) | $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 | $135,450 (-35.5%) | $212,946 (-23.1%) | 0.45 | 2,094 |
| 2018-06-01 | $137,900 (-34.2%) | $214,915 (-21.8%) | 0.46 | 2,179 |
| 2018-07-01 | $137,225 (-33.0%) | $212,978 (-23.0%) | 0.46 | 2,215 |
| 2018-08-01 | $134,900 (-35.8%) | $210,350 (-24.8%) | 0.45 | 2,207 |
| 2018-09-01 | $134,883 (-40.0%) | $207,917 (-28.0%) | 0.45 | 2,259 |
| 2018-10-01 | $129,950 (-40.9%) | $204,453 (-29.0%) | 0.44 | 2,240 |
| 2018-11-01 | $125,000 (-43.2%) | $199,731 (-29.7%) | 0.42 | 2,206 |
| 2018-12-01 | $119,900 (-45.5%) | $193,661 (-31.3%) | 0.41 | 2,097 |
| 2019-01-01 | $119,124 (-45.8%) | $192,284 (-32.5%) | 0.41 | 1,915 |
| 2019-02-01 | $112,450 (-49.3%) | $191,025 (-32.5%) | 0.38 | 1,878 |
| 2019-03-01 | $167,136 (-27.3%) | $235,988 (-18.6%) | 0.55 | 1,482 |
| 2019-04-01 | $239,900 (3.1%) | $296,903 (1.2%) | 0.76 | 981 |
| 2019-05-01 | $241,475 (78.3%) | $302,943 (42.3%) | 0.75 | 993 |
| 2019-06-01 | $239,900 (74.0%) | $306,638 (42.7%) | 0.75 | 991 |
| 2019-07-01 | $241,200 (75.8%) | $311,116 (46.1%) | 0.76 | 998 |
| 2019-08-01 | $241,973 (79.4%) | $319,417 (51.9%) | 0.76 | 1,007 |
| 2019-09-01 | $246,432 (82.7%) | $333,129 (60.2%) | 0.79 | 1,019 |
| 2019-10-01 | $244,405 (88.1%) | $337,182 (64.9%) | 0.79 | 1,026 |
| 2019-11-01 | $235,000 (88.0%) | $334,357 (67.4%) | 0.77 | 990 |
| 2019-12-01 | $230,750 (92.5%) | $302,603 (56.3%) | 0.77 | 904 |
| 2020-01-01 | $238,800 (100.5%) | $305,099 (58.7%) | 0.80 | 820 |
| 2020-02-01 | $249,500 (121.9%) | $312,731 (63.7%) | 0.81 | 771 |
| 2020-03-01 | $252,450 (51.0%) | $321,585 (36.3%) | 0.79 | 764 |
| 2020-04-01 | $253,925 (5.9%) | $326,605 (10.0%) | 0.79 | 782 |
| 2020-05-01 | $255,000 (5.6%) | $337,205 (11.3%) | 0.78 | 684 |
| 2020-06-01 | $266,150 (10.9%) | $350,866 (14.4%) | 0.78 | 621 |
| 2020-07-01 | $261,950 (8.6%) | $404,291 (30.0%) | 0.76 | 579 |
| 2020-08-01 | $259,900 (7.4%) | $407,743 (27.7%) | 0.74 | 553 |
| 2020-09-01 | $259,000 (5.1%) | $400,536 (20.2%) | 0.74 | 551 |
| 2020-10-01 | $249,450 (2.1%) | $406,541 (20.6%) | 0.71 | 557 |
| 2020-11-01 | $249,900 (6.3%) | $409,298 (22.4%) | 0.73 | 544 |
| 2020-12-01 | $244,900 (6.1%) | $421,923 (39.4%) | 0.73 | 493 |
| 2021-01-01 | $249,900 (4.7%) | $438,230 (43.6%) | 0.75 | 412 |
| 2021-02-01 | $253,450 (1.6%) | $475,270 (52.0%) | 0.74 | 338 |
| 2021-03-01 | $257,400 (2.0%) | $472,960 (47.1%) | 0.73 | 352 |
| 2021-04-01 | $277,325 (9.2%) | $507,128 (55.3%) | 0.75 | 332 |
| 2021-05-01 | $274,950 (7.8%) | $464,859 (37.9%) | 0.73 | 343 |
| 2021-06-01 | $287,400 (8.0%) | $468,050 (33.4%) | 0.76 | 366 |
| 2021-07-01 | $279,900 (6.9%) | $445,862 (10.3%) | 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 (12.5%) | 0.77 | 457 |
| 2021-10-01 | $289,900 (16.2%) | $447,683 (10.1%) | 0.77 | 445 |
| 2021-11-01 | $293,750 (17.6%) | $455,259 (11.2%) | 0.78 | 391 |
| 2021-12-01 | $289,900 (18.4%) | $402,527 (-4.6%) | 0.78 | 337 |
| 2022-01-01 | $284,900 (14.0%) | $355,839 (-18.8%) | 0.77 | 279 |
| 2022-02-01 | $297,000 (17.2%) | $363,157 (-23.6%) | 0.77 | 266 |
| 2022-03-01 | $322,425 (25.3%) | $387,139 (-18.2%) | 0.81 | 263 |
| 2022-04-01 | $324,500 (17.0%) | $386,147 (-23.9%) | 0.77 | 262 |
| 2022-05-01 | $327,450 (19.1%) | $394,427 (-15.2%) | 0.75 | 326 |
| 2022-06-01 | $333,325 (16.0%) | $395,753 (-15.5%) | 0.74 | 391 |
| 2022-07-01 | $329,900 (17.9%) | $411,435 (-7.7%) | 0.74 | 461 |
| 2022-08-01 | $334,450 (20.5%) | $412,310 (-6.2%) | 0.77 | 458 |
| 2022-09-01 | $317,225 (9.2%) | $401,472 (-10.9%) | 0.74 | 434 |
| 2022-10-01 | $329,900 (13.8%) | $409,933 (-8.4%) | 0.78 | 427 |
| 2022-11-01 | $336,975 (14.7%) | $419,967 (-7.8%) | 0.81 | 435 |
| 2022-12-01 | $329,000 (13.5%) | $403,007 (0.1%) | 0.81 | 396 |
| 2023-01-01 | $324,625 (13.9%) | $400,708 (12.6%) | 0.80 | 369 |
| 2023-02-01 | $329,900 (11.1%) | $406,751 (12.0%) | 0.80 | 334 |
LYNCHBURG's median listing price for 2023-02-01 was $329,900, a difference of
$32,900
(11.1%) versus the prior year and
$5,275 versus the prior month.
LYNCHBURG's median listing price comes in at 80% of the national average.
LYNCHBURG's average listing price for 2023-02-01 was $406,751, a difference of $43,594 (12.0%) versus the prior year and $6,043 versus the prior month.
For the 2023-02-01 period, LYNCHBURG had 334 MLS listings, a difference of -35 listings (-9%) versus the prior month and 68 listings (26%) versus the prior year.
LYNCHBURG's median listing price comes in at 80% of the national average.
LYNCHBURG's average listing price for 2023-02-01 was $406,751, a difference of $43,594 (12.0%) versus the prior year and $6,043 versus the prior month.
For the 2023-02-01 period, LYNCHBURG had 334 MLS listings, a difference of -35 listings (-9%) versus the prior month and 68 listings (26%) 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 | 102 days | 1,973 sqft |
| 2018-02-01 | 98 days | 1,976 sqft |
| 2018-03-01 | 72 days | 1,990 sqft |
| 2018-04-01 | 61 days | 2,023 sqft |
| 2018-05-01 | 100 days | 2,052 sqft |
| 2018-06-01 | 110 days | 2,090 sqft |
| 2018-07-01 | 112 days | 2,052 sqft |
| 2018-08-01 | 109 days | 2,017 sqft |
| 2018-09-01 | 113 days | 2,010 sqft |
| 2018-10-01 | 117 days | 1,990 sqft |
| 2018-11-01 | 122 days | 1,952 sqft |
| 2018-12-01 | 136 days | 1,930 sqft |
| 2019-01-01 | 142 days | 1,957 sqft |
| 2019-02-01 | 149 days | 1,962 sqft |
| 2019-03-01 | 114 days | 2,001 sqft |
| 2019-04-01 | 61 days | 2,016 sqft |
| 2019-05-01 | 61 days | 2,002 sqft |
| 2019-06-01 | 64 days | 2,072 sqft |
| 2019-07-01 | 67 days | 2,109 sqft |
| 2019-08-01 | 69 days | 2,082 sqft |
| 2019-09-01 | 71 days | 2,054 sqft |
| 2019-10-01 | 73 days | 2,024 sqft |
| 2019-11-01 | 81 days | 1,988 sqft |
| 2019-12-01 | 89 days | 1,959 sqft |
| 2020-01-01 | 94 days | 1,960 sqft |
| 2020-02-01 | 85 days | 1,973 sqft |
| 2020-03-01 | 63 days | 1,986 sqft |
| 2020-04-01 | 61 days | 1,992 sqft |
| 2020-05-01 | 71 days | 2,010 sqft |
| 2020-06-01 | 71 days | 2,097 sqft |
| 2020-07-01 | 64 days | 2,094 sqft |
| 2020-08-01 | 56 days | 2,088 sqft |
| 2020-09-01 | 56 days | 2,035 sqft |
| 2020-10-01 | 55 days | 1,890 sqft |
| 2020-11-01 | 64 days | 1,907 sqft |
| 2020-12-01 | 68 days | 1,861 sqft |
| 2021-01-01 | 75 days | 1,844 sqft |
| 2021-02-01 | 76 days | 1,850 sqft |
| 2021-03-01 | 50 days | 1,842 sqft |
| 2021-04-01 | 44 days | 1,888 sqft |
| 2021-05-01 | 44 days | 1,875 sqft |
| 2021-06-01 | 42 days | 1,892 sqft |
| 2021-07-01 | 40 days | 1,880 sqft |
| 2021-08-01 | 43 days | 1,932 sqft |
| 2021-09-01 | 45 days | 1,899 sqft |
| 2021-10-01 | 48 days | 1,881 sqft |
| 2021-11-01 | 53 days | 1,878 sqft |
| 2021-12-01 | 59 days | 1,795 sqft |
| 2022-01-01 | 64 days | 1,730 sqft |
| 2022-02-01 | 48 days | 1,748 sqft |
| 2022-03-01 | 38 days | 1,862 sqft |
| 2022-04-01 | 38 days | 1,865 sqft |
| 2022-05-01 | 34 days | 1,897 sqft |
| 2022-06-01 | 33 days | 1,950 sqft |
| 2022-07-01 | 39 days | 1,952 sqft |
| 2022-08-01 | 50 days | 1,934 sqft |
| 2022-09-01 | 53 days | 1,852 sqft |
| 2022-10-01 | 53 days | 1,822 sqft |
| 2022-11-01 | 53 days | 1,872 sqft |
| 2022-12-01 | 62 days | 1,800 sqft |
| 2023-01-01 | 64 days | 1,794 sqft |
| 2023-02-01 | 47 days | 1,734 sqft |
LYNCHBURG's median listing age (time on market) for 2023-02-01 was 47 days.
This
is -1%
shorter
than the same period one year ago.
LYNCHBURG's median square footage for active listings during the 2023-02-01 period was 1,734 sqft. One year prior, the average listing was 1,748 sqft.
LYNCHBURG's median square footage for active listings during the 2023-02-01 period was 1,734 sqft. One year prior, the average listing was 1,748 sqft.
LYNCHBURG, VA Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 22922 | Lynchburg, VA | $860 | $970 | $1,140 | $1,420 | $1,770 |
| 22967 | Lynchburg, VA | $860 | $970 | $1,140 | $1,420 | $1,770 |
| 23958 | Lynchburg, VA | $710 | $710 | $820 | $1,110 | $1,260 |
| 23960 | Lynchburg, VA | $700 | $700 | $810 | $1,100 | $1,250 |
| 23963 | Lynchburg, VA | $660 | $660 | $760 | $1,030 | $1,170 |
| 24064 | Lynchburg, VA | $600 | $670 | $850 | $1,150 | $1,250 |
| 24095 | Lynchburg, VA | $850 | $850 | $990 | $1,340 | $1,520 |
| 24101 | Lynchburg, VA | $730 | $760 | $980 | $1,220 | $1,360 |
| 24104 | Lynchburg, VA | $600 | $600 | $730 | $980 | $1,180 |
| 24121 | Lynchburg, VA | $770 | $780 | $950 | $1,240 | $1,400 |
| 24122 | Lynchburg, VA | $600 | $640 | $770 | $1,050 | $1,170 |
| 24139 | Lynchburg, VA | $600 | $600 | $710 | $950 | $1,120 |
| 24174 | Lynchburg, VA | $600 | $600 | $710 | $950 | $1,120 |
| 24179 | Lynchburg, VA | $600 | $670 | $850 | $1,150 | $1,250 |
| 24483 | Lynchburg, VA | $860 | $970 | $1,140 | $1,420 | $1,770 |
| 24501 | Lynchburg, VA | $740 | $740 | $860 | $1,160 | $1,320 |
| 24502 | Lynchburg, VA | $880 | $880 | $1,020 | $1,380 | $1,560 |
| 24503 | Lynchburg, VA | $770 | $770 | $890 | $1,200 | $1,360 |
| 24504 | Lynchburg, VA | $770 | $770 | $890 | $1,200 | $1,360 |
| 24506 | Lynchburg, VA | $770 | $770 | $900 | $1,210 | $1,380 |
| 24513 | Lynchburg, VA | $770 | $770 | $900 | $1,210 | $1,380 |
| 24517 | Lynchburg, VA | $630 | $630 | $730 | $980 | $1,120 |
| 24521 | Lynchburg, VA | $860 | $970 | $1,140 | $1,420 | $1,770 |
| 24522 | Lynchburg, VA | $640 | $640 | $740 | $1,000 | $1,130 |
| 24523 | Lynchburg, VA | $710 | $710 | $820 | $1,110 | $1,260 |
| 24526 | Lynchburg, VA | $720 | $720 | $840 | $1,130 | $1,290 |
| 24528 | Lynchburg, VA | $660 | $660 | $770 | $1,040 | $1,180 |
| 24533 | Lynchburg, VA | $680 | $680 | $790 | $1,070 | $1,210 |
| 24536 | Lynchburg, VA | $770 | $770 | $890 | $1,210 | $1,370 |
| 24538 | Lynchburg, VA | $600 | $600 | $710 | $950 | $1,120 |
| 24550 | Lynchburg, VA | $690 | $690 | $800 | $1,080 | $1,230 |
| 24551 | Lynchburg, VA | $810 | $810 | $940 | $1,270 | $1,440 |
| 24553 | Lynchburg, VA | $860 | $970 | $1,140 | $1,420 | $1,770 |
| 24554 | Lynchburg, VA | $600 | $600 | $710 | $950 | $1,120 |
| 24556 | Lynchburg, VA | $750 | $750 | $870 | $1,170 | $1,330 |
| 24569 | Lynchburg, VA | $690 | $690 | $800 | $1,080 | $1,230 |
| 24570 | Lynchburg, VA | $730 | $730 | $850 | $1,140 | $1,300 |
| 24571 | Lynchburg, VA | $600 | $600 | $710 | $950 | $1,120 |
| 24572 | Lynchburg, VA | $670 | $670 | $780 | $1,050 | $1,190 |
| 24574 | Lynchburg, VA | $720 | $720 | $840 | $1,130 | $1,290 |
| 24576 | Lynchburg, VA | $690 | $690 | $800 | $1,080 | $1,230 |
| 24588 | Lynchburg, VA | $650 | $650 | $750 | $1,010 | $1,150 |
| 24593 | Lynchburg, VA | $650 | $650 | $750 | $1,010 | $1,150 |
| 24595 | Lynchburg, VA | $680 | $680 | $790 | $1,060 | $1,210 |
2022 Average & Median Rent Data Statistics
LYNCHBURG, VA average 1BR rent: $730, median: $705
LYNCHBURG, VA average 2BR rent: $858, median: $830
LYNCHBURG, VA average 3BR rent: $1,141, median: $1,120
LYNCHBURG, VA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,762 | $1,018,780,000 | $270,808 |
| Cash Out Refi | 1,113 | $288,375,000 | $259,097 |
| Refi | 915 | $235,265,000 | $257,120 |
| Other | 545 | $63,345,000 | $116,229 |
| Home Improvement | 440 | $41,530,000 | $94,386 |
Lynchburg's most frequently cited loan purpose was Home Purchase, with 3,762 originations. The 2nd most popular reason was Cash Out Refi, with 1,113 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1,563 | $349,875,000 | $223,848 |
| 4-5% | 1,550 | $398,900,000 | $257,355 |
| 3-4% | 1,504 | $390,370,000 | $259,555 |
| 6-7% | 758 | $156,980,000 | $207,098 |
| 2.5-3% | 390 | $134,620,000 | $345,179 |
| 7-8% | 247 | $42,475,000 | $171,964 |
| <2.5% | 123 | $54,565,000 | $443,618 |
| Over 8% | 108 | $10,860,000 | $100,556 |
During 2022, Lynchburg's most frequently originated rate bucket was 5-6%, with 1,563 originations.
Loan Sizing (LYNCHBURG, VA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 2,423 | $362,035,000 | $149,416 |
| $200k-400k | 2,380 | $643,310,000 | $270,298 |
| $100,000 or less | 1,300 | $72,760,000 | $55,969 |
| $400k-600k | 454 | $216,060,000 | $475,903 |
| $600k-1000k | 152 | $107,800,000 | $709,211 |
| $Over $1MM | 66 | $245,330,000 | $3,717,121 |
LYNCHBURG's loan sizing saw the bucket of loans from $100k-200k with 2,423 originations, totaling $362,035,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,616 | $661,100,000 | $252,714 |
| 60-80% | 1,738 | $551,570,000 | $317,359 |
| 40-60% | 666 | $191,560,000 | $287,628 |
| 20-40% | 566 | $63,160,000 | $111,590 |
| Under 20% | 509 | $25,235,000 | $49,578 |
| Over 100% | 125 | $41,805,000 | $334,440 |
LYNCHBURG's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,616 originations, totaling $661,100,000 in origination value.