Marion Mortgage Rates

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Marion averaged 6.15% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6.06% and one month ago for the week of 2022-05-26, the average rate was 5.55%.

Marion's average rate one year ago was 3.42%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.85%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Marion 30 Year Fixed Rate 2022-06-30 6.15%
Marion 30 Year Fixed Rate Refi 2022-06-30 5.85%
Marion 15 Year Fixed Rate 2022-06-30 5.55%
Marion 15 Year Fixed Rate Refi 2022-06-30 5.19%
Marion 30 Year FHA 2022-06-30 5.99%
Marion 30 Year FHA Refi 2022-06-30 5.64%
Marion 30 Year USDA 2022-06-30 5.58%
Marion 30 Year USDA Refi 2022-06-30 5.65%
Marion 30 Year VA 2022-06-30 6.05%
Marion 30 Year VA Refi 2022-06-30 5.54%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Marion, NC.

Marion 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 Marion, NC market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
STATE EMPLOYEES' 145 3.35% $3,670
QUICKEN LOANS, LLC 74 3.00% $5,050
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 45 3.24% $3,883
MOVEMENT MORTGAGE, LLC 32 3.12% $3,351
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 26 3.16% $4,214
First Bank 22 2.96% $3,572
Wells Fargo Bank 18 3.28% $3,041
LOCAL GOVERNMENT FEDERAL CREDIT UNION 18 3.39% $3,574
Truist Bank 14 3.01% $3,734
First-Citizens Bank & Trust Company 13 3.21% $3,240
Baxter Credit Union 13 3.09% $2,716
GUARANTEED RATE, INC. 12 3.32% $3,404
BETTER MORTGAGE CORPORATION 12 2.95% $3,153
LOANDEPOT.COM, LLC 12 3.08% $4,402
Fifth Third Bank 9 3.31% $3,674
HomeTrust Bank 9 2.93% $3,473
TD Bank 9 3.01% $5,319
UNITED WHOLESALE MORTGAGE, LLC 9 3.19% $7,468
BROKER SOLUTIONS, INC. 7 3.02% $4,624
Bank of America 6 2.94% $3,360
UNION HOME MORTGAGE CORP. 6 3.31% $5,728
Blue Ridge Bank 5 3.10% $4,545
NAVY FEDERAL CREDIT UNION 5 3.83% $3,358
Dollar Bank, Federal Savings Bank 4 3.03% $5,358
UNITED 4 2.97% $3,427
AMERISAVE MORTGAGE CORPORATION 4 3.15% $3,921
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.25% $4,021
U.S. Bank 4 3.13% $4,456
PENNYMAC LOAN SERVICES, LLC 4 3.09% $6,002
MUTUAL OF OMAHA MORTGAGE, INC. 4 3.19% $3,785
HOME POINT FINANCIAL CORPORATION 4 2.81% $2,979
Citizens Bank 4 3.03% $6,182
SUCCESS MORTGAGE PARTNERS, INC. 3 2.83% $3,105
Mortgage Research Center, LLC 3 2.71% $3,892
Mr. Cooper ( Nationstar Mortgage ) 3 3.08% $5,649
Champion Credit Union 3 3.25% $4,268
PNC Bank 3 2.79% $3,419
Regions Bank 3 3.00% $6,553
BAY EQUITY LLC 3 3.54% $5,921
First Guaranty Mortgage Corporation 3 2.92% $4,648
FREEDOM MORTGAGE CORPORATION 3 3.08% $4,620
CALIBER HOME LOANS, INC. 3 3.00% $4,506
GoPrime Mortgage, Inc. 3 3.21% $3,091
Wyndham Capital Mortgage, Inc. 3 3.08% $2,861
HOMESTAR FINANCIAL CORPORATION 3 3.25% $3,163
JPMorgan Chase Bank 3 3.08% $3,319
United Community Bank 2 3.19% $3,485
Bank of England 2 3.25% $6,315
Prosperity Home Mortgage, LLC 2 3.06% $4,332
Alcova Mortgage LLC 2 2.75% $3,379
Charles Schwab Bank, SSB 2 2.44% $3,156
CAPITAL CENTER, L.L.C. 2 3.25% $880
AMERICAN FINANCING CORPORATION 2 2.88% $4,965
Magnolia Bank 2 2.81% $3,001
North State Bank 2 2.81% $3,083
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 3.56% $4,184
NFM, INC. 2 3.31% $3,659
HOMESIDE FINANCIAL, LLC 2 3.25% $2,035
AMERICAN FINANCIAL NETWORK, INC. 2 4.19% $6,469
The Park National Bank 2 3.13% $2,769
AMERIFIRST FINANCIAL CORPORATION 2 3.50% $5,673
ACOPIA, LLC 2 3.81% $5,001
South State Bank 2 3.31% $5,652
Sierra Pacific Mortgage Company, Inc. 2 3.19% $3,356
American Security Mortgage Corp. 2 2.94% $3,398
ZILLOW HOME LOANS, LLC 1 3.00% $4,263
Alpha Mortgage Corporation 1 2.88% $3,504
Ameris Bank 1 2.99% $3,985
ANGEL OAK HOME LOANS LLC 1 4.50% $17,305
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 5.75% $10,242
AXIA FINANCIAL, LLC 1 3.50% $8,299
Bank of Tennessee 1 4.12% $5,181
Bethpage Federal Credit Union 1 3.13% $4,788
BOKF 1 3.25% $3,479
Capital Bank 1 2.88% $2,989
CAROLINAS TELCO FEDERAL CREDIT UNION 1 3.75% $3,600
CERTAINTY HOME LOANS, LLC 1 3.25% $4,738
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 3.50% $4,120
CMG MORTGAGE, INC. 1 3.38% $3,688
COASTAL Federal Credit Union 1 2.88% $3,988
DRAPER AND KRAMER MORTGAGE CORP. 1 3.00% $4,479
EASTMAN 1 4.38% $3,016
EMM LOANS LLC 1 3.25% $16,787
FirstBank 1 2.63% $2,251
First Federal Bank 1 3.25% $4,184
First Horizon Bank 1 3.13% $3,213
First National Bank of Pennsylvania 1 2.75% $4,366
Flagstar Bank, FSB 1 3.37% $2,842
F & M BANK CORP. 1 3.50% $3,844
George Mason Mortgage, LLC 1 2.63% $2,747
Hometown Lenders, Inc. 1 4.38% $7,883
InterContinental Capital Group, Inc 1 2.50% $1,961
Leaders Credit Union 1 2.88% $3,215
LOANPAL, LLC 1 2.63% $4,854
MILEND, INC. 1 3.75% $8,844
Nations Lending Corporation 1 2.88% $3,561
NBKC BANK 1 2.88% $3,005
NEWREZ LLC 1 3.88% $3,124
Northpointe Bank 1 2.50% $4,431
PENTAGON FEDERAL CREDIT UNION 1 2.88% $5,743
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.63% $5,279
Reliant Bank 1 3.63% $11,001
Renasant Bank 1 3.00% $2,993
ROYAL UNITED MORTGAGE LLC 1 3.50% $4,812
RUOFF MORTGAGE COMPANY, INC. 1 3.13% $1,812
SHARONVIEW FEDERAL CREDIT UNION 1 2.88% $1,395
SOUTHERN TRUST MORTGAGE, LLC 1 3.50% $5,222
Stifel Bank and Trust 1 2.88% $4,542
SWBC MORTGAGE CORPORATION 1 3.13% $2,905
The Federal Savings Bank 1 2.88% $3,713
The Fidelity Bank 1 3.50% $3,568
The Huntington National Bank 1 2.88% $5,131
Third Federal Savings and Loan Association of Cleveland 1 2.79% $295
THRIVE MORTGAGE, LLC 1 2.75% $2,397
TIAA, FSB 1 3.25% $5,798
TOWNE MORTGAGE COMPANY 1 3.13% $17,827
Uwharrie Bank 1 3.00% $3,797
VANDERBILT MORTGAGE AND FINANCE, INC. 1 3.75% $9,093
Waterstone Mortgage Corporation 1 3.13% $6,624
1ST SIGNATURE LENDING, LLC 1 3.25% $5,497

Marion, NC's 120 lenders originated 1,534 loans during 2021. The total origination value was $326,330,000, with an average loan value of $212,731.

The top Marion lender as defined by loan originations is STATE EMPLOYEES', with 145 loans originated. Their average total fees are $3,670, which is $1,380 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Marion lenders (with over 10 loans originated) are Baxter Credit Union ($2,716), Wells Fargo Bank ($3,041), BETTER MORTGAGE CORPORATION ($3,153), First-Citizens Bank & Trust Company ($3,240) and MOVEMENT MORTGAGE, LLC ($3,351).

The lowest rate Marion lenders (with over 10 loans originated) are BETTER MORTGAGE CORPORATION (2.95%), First Bank (2.96%), QUICKEN LOANS, LLC (3.00%), Truist Bank (3.01%) and LOANDEPOT.COM, LLC (3.08%).

Marion, NC 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
STATE EMPLOYEES' $34,885,000 $47,460,000 36.0% 14.5%
QUICKEN LOANS, LLC $22,080,000 $31,705,000 43.6% 9.7%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $11,990,000 $19,245,000 60.5% 5.9%
MOVEMENT MORTGAGE, LLC $13,250,000 $14,540,000 9.7% 4.5%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $8,200,000 $10,405,000 26.9% 3.2%
First Bank $14,085,000 $9,960,000 -29.3% 3.1%
Truist Bank $8,290,000 $9,505,000 14.7% 2.9%
First-Citizens Bank & Trust Company $10,145,000 $7,995,000 -21.2% 2.4%
HomeTrust Bank $5,425,000 $7,945,000 46.5% 2.4%
Wells Fargo Bank $6,275,000 $7,400,000 17.9% 2.3%
FREEDOM MORTGAGE CORPORATION $6,220,000 $6,525,000 4.9% 2.0%
TD Bank $4,705,000 $5,835,000 24.0% 1.8%
LOCAL GOVERNMENT FEDERAL CREDIT UNION $3,525,000 $5,455,000 54.8% 1.7%
Fifth Third Bank $2,845,000 $5,395,000 89.6% 1.7%
LOANDEPOT.COM, LLC $2,175,000 $4,925,000 126.4% 1.5%
Mortgage Research Center, LLC $2,715,000 $4,850,000 78.6% 1.5%
United Community Bank $1,895,000 $4,490,000 136.9% 1.4%
GUARANTEED RATE, INC. $2,125,000 $4,035,000 89.9% 1.2%
Baxter Credit Union $2,270,000 $3,905,000 72.0% 1.2%
UNITED WHOLESALE MORTGAGE, LLC $3,860,000 $3,585,000 -7.1% 1.1%
BETTER MORTGAGE CORPORATION $95,000 $3,560,000 3,647.4% 1.1%
Dollar Bank, Federal Savings Bank $1,335,000 $3,205,000 140.1% 1.0%
Bank of America $5,510,000 $3,015,000 -45.3% 0.9%
PENNYMAC LOAN SERVICES, LLC $1,595,000 $2,815,000 76.5% 0.9%
Regions Bank $1,495,000 $2,610,000 74.6% 0.8%
Mr. Cooper ( Nationstar Mortgage ) $485,000 $2,600,000 436.1% 0.8%
U.S. Bank $2,530,000 $2,555,000 1.0% 0.8%
JPMorgan Chase Bank $2,155,000 $2,470,000 14.6% 0.8%
UNION HOME MORTGAGE CORP. $815,000 $2,105,000 158.3% 0.6%
Carolina Farm Credit, ACA $390,000 $2,095,000 437.2% 0.6%
South State Bank $2,045,000 n/a 0.6%
BROKER SOLUTIONS, INC. $1,000,000 $2,040,000 104.0% 0.6%
COASTAL Federal Credit Union $155,000 $1,955,000 1,161.3% 0.6%
Citizens Bank $3,280,000 $1,890,000 -42.4% 0.6%
NAVY FEDERAL CREDIT UNION $1,945,000 $1,835,000 -5.7% 0.6%
VANDERBILT MORTGAGE AND FINANCE, INC. $2,645,000 $1,800,000 -31.9% 0.6%
First National Bank of Pennsylvania $1,360,000 $1,780,000 30.9% 0.5%
HOME POINT FINANCIAL CORPORATION $145,000 $1,710,000 1,079.3% 0.5%
AMERISAVE MORTGAGE CORPORATION $2,930,000 $1,610,000 -45.1% 0.5%
CALCON MUTUAL MORTGAGE LLC $1,515,000 n/a 0.5%
Wyndham Capital Mortgage, Inc. $410,000 $1,515,000 269.5% 0.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $630,000 $1,390,000 120.6% 0.4%
American Security Mortgage Corp. $620,000 $1,320,000 112.9% 0.4%
CALIBER HOME LOANS, INC. $520,000 $1,300,000 150.0% 0.4%
Alcova Mortgage LLC $865,000 $1,235,000 42.8% 0.4%
GoPrime Mortgage, Inc. $685,000 $1,225,000 78.8% 0.4%
TIAA, FSB $1,205,000 n/a 0.4%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $840,000 $1,200,000 42.9% 0.4%
HOMESIDE FINANCIAL, LLC $1,770,000 $1,195,000 -32.5% 0.4%
First Guaranty Mortgage Corporation $245,000 $1,175,000 379.6% 0.4%
PLAZA HOME MORTGAGE, INC. $1,155,000 n/a 0.4%
PNC Bank $690,000 $1,130,000 63.8% 0.3%
LAKEVIEW LOAN SERVICING, LLC $635,000 $1,060,000 66.9% 0.3%
HOMESTAR FINANCIAL CORPORATION $535,000 $1,050,000 96.3% 0.3%
Magnolia Bank $490,000 $1,050,000 114.3% 0.3%
Blue Ridge Bank $225,000 $1,045,000 364.4% 0.3%
North American Savings Bank, F.S.B. $1,040,000 n/a 0.3%
AgFirst Farm Credit Bank $530,000 $1,010,000 90.6% 0.3%
CORNERSTONE HOME LENDING, INC. $950,000 n/a 0.3%
UNITED $2,260,000 $945,000 -58.2% 0.3%
BAY EQUITY LLC $1,095,000 $890,000 -18.7% 0.3%
Renasant Bank $885,000 n/a 0.3%
ACOPIA, LLC $520,000 $820,000 57.7% 0.3%
USAA Federal Savings Bank $1,755,000 $815,000 -53.6% 0.2%
Prosperity Home Mortgage, LLC $810,000 n/a 0.2%
DRAPER AND KRAMER MORTGAGE CORP. $795,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $550,000 $795,000 44.5% 0.2%
Bank of England $505,000 $790,000 56.4% 0.2%
Nations Lending Corporation $235,000 $745,000 217.0% 0.2%
NFM, INC. $730,000 n/a 0.2%
ANGEL OAK HOME LOANS LLC $155,000 $725,000 367.7% 0.2%
Sierra Pacific Mortgage Company, Inc. $145,000 $720,000 396.6% 0.2%
Flagstar Bank, FSB $780,000 $715,000 -8.3% 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,395,000 $710,000 -49.1% 0.2%
Stifel Bank and Trust $705,000 n/a 0.2%
AMERICAN FINANCING CORPORATION $135,000 $700,000 418.5% 0.2%
CLEARPATH LENDING $1,195,000 $690,000 -42.3% 0.2%
Ameris Bank $1,260,000 $680,000 -46.0% 0.2%
The Park National Bank $1,785,000 $680,000 -61.9% 0.2%
NEW DAY FINANCIAL, LLC $1,470,000 $655,000 -55.4% 0.2%
Champion Credit Union $125,000 $640,000 412.0% 0.2%
BOKF $630,000 n/a 0.2%
SOVEREIGN LENDING GROUP INCORPORATED $365,000 $625,000 71.2% 0.2%
Charles Schwab Bank, SSB $915,000 $610,000 -33.3% 0.2%
AMERICAN ADVISORS GROUP $140,000 $595,000 325.0% 0.2%
Manufacturers and Traders Trust Company $585,000 n/a 0.2%
GSF Mortgage Corporation $565,000 n/a 0.2%
Waterstone Mortgage Corporation $545,000 n/a 0.2%
AMERICAN FINANCIAL NETWORK, INC. $520,000 $535,000 2.9% 0.2%
Mid-Continent Funding, Inc. $530,000 n/a 0.2%
T2 FINANCIAL LLC $530,000 n/a 0.2%
Barrington Bank & Trust Company, N.A. $525,000 n/a 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $490,000 $525,000 7.1% 0.2%
MILEND, INC. $515,000 n/a 0.2%
COUNTRYPLACE MORTGAGE, LTD. $510,000 $510,000 0.0% 0.2%
Southern Bank and Trust Company $505,000 n/a 0.2%
TOWNE MORTGAGE COMPANY $505,000 n/a 0.2%
North State Bank $490,000 n/a 0.2%
First Federal Bank $385,000 $485,000 26.0% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $265,000 $480,000 81.1% 0.1%
InterContinental Capital Group, Inc $285,000 $475,000 66.7% 0.1%
CAPITAL CENTER, L.L.C. $540,000 $460,000 -14.8% 0.1%
The Huntington National Bank $1,080,000 $455,000 -57.9% 0.1%
The Fidelity Bank $425,000 n/a 0.1%
AMERIFIRST FINANCIAL CORPORATION $225,000 $420,000 86.7% 0.1%
EMM LOANS LLC $415,000 n/a 0.1%
FirstBank $415,000 n/a 0.1%
Northpointe Bank $305,000 $410,000 34.4% 0.1%
INTERCOASTAL MORTGAGE COMPANY $135,000 $400,000 196.3% 0.1%
CERTAINTY HOME LOANS, LLC $95,000 $385,000 305.3% 0.1%
NEWREZ LLC $1,050,000 $360,000 -65.7% 0.1%
AXIA FINANCIAL, LLC $355,000 n/a 0.1%
CMG MORTGAGE, INC. $345,000 n/a 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $245,000 $335,000 36.7% 0.1%
The Bank of South Carolina $335,000 n/a 0.1%
Reliant Bank $325,000 n/a 0.1%
Capital Bank $305,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $1,040,000 $305,000 -70.7% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $295,000 n/a 0.1%
ON Q FINANCIAL, INC. $295,000 n/a 0.1%
Uwharrie Bank $295,000 n/a 0.1%
1ST SIGNATURE LENDING, LLC $735,000 $280,000 -61.9% 0.1%
ZILLOW HOME LOANS, LLC $275,000 n/a 0.1%
Bank of Tennessee $265,000 n/a 0.1%
EASTMAN $265,000 n/a 0.1%
Paramount Bank $265,000 n/a 0.1%
NBKC BANK $915,000 $255,000 -72.1% 0.1%
The Federal Savings Bank $255,000 n/a 0.1%
BAYSHORE MORTGAGE FUNDING, LLC $235,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $235,000 n/a 0.1%
Apple Federal Credit Union $225,000 n/a 0.1%
SWBC MORTGAGE CORPORATION $225,000 n/a 0.1%
MICHIGAN MUTUAL, INC. $215,000 n/a 0.1%
Alpha Mortgage Corporation $205,000 n/a 0.1%
DIRECT MORTGAGE LOANS, LLC $205,000 n/a 0.1%
F & M BANK CORP. $205,000 n/a 0.1%
CITY FIRST MORTGAGE SERVICES, L.L.C. $195,000 n/a 0.1%
Corporate Investors Mortgage Group, Inc. $195,000 n/a 0.1%
LOANPAL, LLC $270,000 $190,000 -29.6% 0.1%
First Horizon Bank $160,000 $185,000 15.6% 0.1%
George Mason Mortgage, LLC $185,000 n/a 0.1%
SHARONVIEW FEDERAL CREDIT UNION $185,000 n/a 0.1%
Towne Bank $265,000 $185,000 -30.2% 0.1%
PHH Mortgage Corporation $180,000 n/a 0.1%
THRIVE MORTGAGE, LLC $465,000 $175,000 -62.4% 0.1%
TOP FLITE FINANCIAL, INC. $175,000 n/a 0.1%
Hometown Lenders, Inc. $165,000 n/a 0.1%
Leaders Credit Union $165,000 n/a 0.1%
Third Federal Savings and Loan Association of Cleveland $165,000 n/a 0.1%
Telco Community Credit Union $395,000 $160,000 -59.5% 0.0%
Amerifirst Financial, Inc. $155,000 n/a 0.0%
ARC HOME LLC $285,000 $155,000 -45.6% 0.0%
RESIDENTIAL MORTGAGE SERVICES, INC. $155,000 n/a 0.0%
SOUTHERN TRUST MORTGAGE, LLC $155,000 n/a 0.0%
Carrington Mortgage Services, LLC $145,000 $145,000 0.0% 0.0%
CIS Financial Services, Inc. $145,000 n/a 0.0%
DOMINION FINANCIAL SERVICES, LLC $145,000 n/a 0.0%
GUILD MORTGAGE COMPANY $715,000 $145,000 -79.7% 0.0%
POLARIS HOME FUNDING CORP. $145,000 n/a 0.0%
ROYAL UNITED MORTGAGE LLC $365,000 $145,000 -60.3% 0.0%
CAROLINAS TELCO FEDERAL CREDIT UNION $135,000 n/a 0.0%
RELIANCE FIRST CAPITAL, LLC $180,000 $135,000 -25.0% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $125,000 n/a 0.0%
SIGNATURE MORTGAGE CORPORATION $125,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $165,000 $105,000 -36.4% 0.0%
RUOFF MORTGAGE COMPANY, INC. $145,000 $105,000 -27.6% 0.0%
STEARNS LENDING, LLC $235,000 $105,000 -55.3% 0.0%
21ST MORTGAGE CORPORATION $200,000 $100,000 -50.0% 0.0%
Skyline National Bank $95,000 n/a 0.0%
FINANCE OF AMERICA COMMERCIAL LLC $75,000 n/a 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $75,000 n/a 0.0%
SUN WEST MORTGAGE COMPANY, INC. $935,000 $75,000 -92.0% 0.0%
Bethpage Federal Credit Union $65,000 n/a 0.0%
Truliant Federal Credit Union $105,000 $45,000 -57.1% 0.0%

Marion's top lender by overall market share is STATE EMPLOYEES', with 14.5% market share. In second place, with 9.7%, is QUICKEN LOANS, LLC, having originated $31,705,000 in loans. In third place, with 5.9%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $19,245,000 in loans. In third place, with 4.5%, is MOVEMENT MORTGAGE, LLC, having originated $14,540,000 in loans. In third place, with 3.2%, is CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP, having originated $10,405,000 in loans.


Marion, NC Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 621 $155,935,000 $251,103
Refi 563 $114,205,000 $202,851
Cash Out Refi 232 $44,450,000 $191,595
Home Improvement 65 $5,795,000 $89,154
Other 53 $5,945,000 $112,170

Marion's most frequently cited loan purpose was Home Purchase, with 621 originations. The 2nd most popular reason was Refi, with 563 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 628 $137,880,000 $219,554
2.5-3% 627 $134,245,000 $214,107
<2.5% 176 $38,290,000 $217,557
4-5% 73 $12,975,000 $177,740
Over 8% 9 $695,000 $77,222
5-6% 8 $790,000 $98,750
6-7% 7 $825,000 $117,857
7-8% 4 $200,000 $50,000

During 2021, Marion's most frequently originated rate bucket was 3-4%, with 628 originations.

Loan Sizing (Marion, NC MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 641 $96,325,000 $150,273
$200k-400k 466 $123,740,000 $265,536
$100,000 or less 279 $17,945,000 $64,319
$400k-600k 105 $50,415,000 $480,143
$600k-1000k 29 $21,395,000 $737,759
$Over $1MM 14 $16,510,000 $1,179,286

Marion's loan sizing saw the bucket of loans from $100k-200k with 641 originations, totaling $96,325,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 541 $121,715,000 $224,982
60-80% 483 $120,425,000 $249,327
40-60% 226 $48,210,000 $213,319
20-40% 141 $16,415,000 $116,418
Under 20% 72 $3,760,000 $52,222
Over 100% 27 $6,605,000 $244,630

Marion's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 541 originations, totaling $121,715,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Marion (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 $259,000 (1.2%) $328,178 (-2.5%) 0.00 283
2018-02-01 $259,000 (2.1%) $334,819 (-0.1%) 0.00 249
2018-03-01 $259,000 (2.6%) $337,543 (-2.3%) 0.00 224
2018-04-01 $259,900 (-3.7%) $363,743 (1.4%) 0.00 216
2018-05-01 $270,750 (-0.6%) $369,068 (3.1%) 0.00 226
2018-06-01 $299,000 (5.9%) $397,646 (7.2%) 0.00 233
2018-07-01 $307,450 (6.4%) $410,435 (7.3%) 0.00 251
2018-08-01 $327,450 (13.3%) $409,266 (7.2%) 0.00 230
2018-09-01 $325,000 (12.5%) $409,401 (8.4%) 0.00 243
2018-10-01 $349,900 (23.9%) $411,768 (15.3%) 0.00 242
2018-11-01 $286,950 (2.9%) $373,472 (5.5%) 0.00 226
2018-12-01 $279,000 (1.5%) $369,714 (7.6%) 0.00 220
2019-01-01 $264,450 (2.1%) $341,767 (4.1%) 0.00 194
2019-02-01 $277,400 (7.1%) $353,071 (5.5%) 0.00 180
2019-03-01 $288,300 (11.3%) $371,613 (10.1%) 0.00 185
2019-04-01 $309,750 (19.2%) $393,302 (8.1%) 0.00 174
2019-05-01 $309,500 (14.3%) $415,247 (12.5%) 0.00 174
2019-06-01 $299,500 (0.2%) $410,102 (3.1%) 0.00 207
2019-07-01 $287,000 (-6.7%) $391,153 (-4.7%) 0.00 200
2019-08-01 $285,100 (-12.9%) $384,958 (-5.9%) 0.00 194
2019-09-01 $288,100 (-11.4%) $380,621 (-7.0%) 0.00 194
2019-10-01 $291,000 (-16.8%) $382,351 (-7.1%) 0.00 192
2019-11-01 $299,000 (4.2%) $384,432 (2.9%) 0.00 186
2019-12-01 $282,000 (1.1%) $370,679 (0.3%) 0.00 167
2020-01-01 $296,500 (12.1%) $383,749 (12.3%) 0.00 156
2020-02-01 $325,000 (17.2%) $411,191 (16.5%) 0.00 155
2020-03-01 $327,450 (13.6%) $409,150 (10.1%) 0.00 154
2020-04-01 $325,000 (4.9%) $410,290 (4.3%) 0.00 146
2020-05-01 $357,000 (15.4%) $434,028 (4.5%) 0.00 127
2020-06-01 $370,000 (23.5%) $445,897 (8.7%) 0.00 109
2020-07-01 $377,000 (31.4%) $461,950 (18.1%) 0.00 97
2020-08-01 $350,000 (22.8%) $446,370 (16.0%) 0.00 88
2020-09-01 $320,000 (11.1%) $447,180 (17.5%) 0.00 88
2020-10-01 $299,900 (3.1%) $454,988 (19.0%) 0.00 82
2020-11-01 $317,500 (6.2%) $429,467 (11.7%) 0.00 79
2020-12-01 $264,450 (-6.2%) $368,437 (-0.6%) 0.00 74
2021-01-01 $270,526 (-8.8%) $360,285 (-6.1%) 0.00 62
2021-02-01 $260,000 (-20.0%) $361,692 (-12.0%) 0.00 50
2021-03-01 $265,263 (-19.0%) $365,954 (-10.6%) 0.00 47
2021-04-01 $270,526 (-16.8%) $370,946 (-9.6%) 0.00 48
2021-05-01 $335,000 (-6.2%) $410,117 (-5.5%) 0.00 49
2021-06-01 $397,000 (7.3%) $437,764 (-1.8%) 0.00 57
2021-07-01 $418,750 (11.1%) $483,628 (4.7%) 0.00 69
2021-08-01 $384,450 (9.8%) $440,448 (-1.3%) 0.00 78
2021-09-01 $388,750 (21.5%) $472,430 (5.7%) 0.00 80
2021-10-01 $414,000 (38.1%) $506,876 (11.4%) 0.00 84
2021-11-01 $418,250 (31.7%) $3,261,588 (659.5%) 0.00 78
2021-12-01 $397,000 (50.1%) $3,519,117 (855.2%) 0.00 67
2022-01-01 $399,000 (47.5%) $456,579 (26.7%) 0.00 55
2022-02-01 $334,400 (28.6%) $452,595 (25.1%) 0.00 41
2022-03-01 $337,450 (27.2%) $439,969 (20.2%) 0.00 44
2022-04-01 $375,000 (38.6%) $486,348 (31.1%) 0.00 42
2022-05-01 $362,450 (8.2%) $511,561 (24.7%) 0.00 44
2022-06-01 $378,750 (-4.6%) $527,351 (20.5%) 0.00 62
Marion's median listing price for 2022-06-01 was $378,750, a difference of $-18,250 (-4.6%) versus the prior year and $16,300 versus the prior month.

Marion's median listing price comes in at 0% of the national average.

Marion's average listing price for 2022-06-01 was $527,351, a difference of $89,587 (20.5%) versus the prior year and $15,790 versus the prior month.

For the 2022-06-01 period, Marion had 62 MLS listings, a difference of 18 listings (41%) versus the prior month and 5 listings (9%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Marion (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,065 sqft
2018-02-01 0 days 1,973 sqft
2018-03-01 0 days 2,004 sqft
2018-04-01 0 days 2,063 sqft
2018-05-01 0 days 2,100 sqft
2018-06-01 0 days 2,000 sqft
2018-07-01 0 days 2,100 sqft
2018-08-01 0 days 2,169 sqft
2018-09-01 0 days 2,165 sqft
2018-10-01 0 days 2,100 sqft
2018-11-01 0 days 1,975 sqft
2018-12-01 0 days 1,907 sqft
2019-01-01 0 days 1,876 sqft
2019-02-01 0 days 1,907 sqft
2019-03-01 0 days 1,940 sqft
2019-04-01 0 days 1,979 sqft
2019-05-01 0 days 1,951 sqft
2019-06-01 0 days 1,966 sqft
2019-07-01 0 days 1,944 sqft
2019-08-01 0 days 1,942 sqft
2019-09-01 0 days 1,930 sqft
2019-10-01 0 days 1,928 sqft
2019-11-01 0 days 1,913 sqft
2019-12-01 0 days 1,854 sqft
2020-01-01 0 days 1,856 sqft
2020-02-01 0 days 1,971 sqft
2020-03-01 0 days 2,006 sqft
2020-04-01 0 days 2,006 sqft
2020-05-01 0 days 2,124 sqft
2020-06-01 0 days 2,150 sqft
2020-07-01 0 days 2,074 sqft
2020-08-01 0 days 2,038 sqft
2020-09-01 0 days 2,056 sqft
2020-10-01 0 days 2,132 sqft
2020-11-01 0 days 2,075 sqft
2020-12-01 0 days 2,021 sqft
2021-01-01 0 days 2,021 sqft
2021-02-01 0 days 1,838 sqft
2021-03-01 0 days 1,673 sqft
2021-04-01 0 days 1,573 sqft
2021-05-01 0 days 1,700 sqft
2021-06-01 0 days 1,887 sqft
2021-07-01 0 days 1,849 sqft
2021-08-01 0 days 1,820 sqft
2021-09-01 0 days 1,889 sqft
2021-10-01 0 days 1,970 sqft
2021-11-01 0 days 1,998 sqft
2021-12-01 0 days 1,846 sqft
2022-01-01 0 days 1,711 sqft
2022-02-01 0 days 1,710 sqft
2022-03-01 0 days 1,675 sqft
2022-04-01 0 days 1,824 sqft
2022-05-01 0 days 1,810 sqft
2022-06-01 0 days 2,000 sqft
Marion's median listing age (time on market) for 2022-06-01 was 0 days.

Marion's median square footage for active listings during the 2022-06-01 period was 2,000 sqft. One year prior, the average listing was 1,887 sqft.