Milledgeville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Milledgeville averaged
6.99%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.62% and
one month ago for the week of 2024-10-03, the
average rate was 6.02%.
Milledgeville's average rate one year ago was 7.76%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.69%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Milledgeville 30 Year Fixed Rate | 2024-11-07 | 6.99% |
| Milledgeville 30 Year Fixed Rate Refi | 2024-11-07 | 6.69% |
| Milledgeville 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Milledgeville 15 Year Fixed Rate Refi | 2024-11-07 | 6% |
| Milledgeville 30 Year FHA | 2024-11-07 | 6.31% |
| Milledgeville 30 Year FHA Refi | 2024-11-07 | 6.53% |
| Milledgeville 30 Year USDA | 2024-11-07 | 6.28% |
| Milledgeville 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Milledgeville 30 Year VA | 2024-11-07 | 6.54% |
| Milledgeville 30 Year VA Refi | 2024-11-07 | 6.24% |
Milledgeville 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 Milledgeville, GA 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.).
Milledgeville Average Closing Costs & Other Stats
Milledgeville, GA's 60 lenders originated 583
loans during 2023. The total origination value was $124,465,000, with an average loan value of
$213,491.
Milledgeville's average closing costs are $5,317.
The top Milledgeville lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
26 loans originated. Their average total fees are
$6,153, which is $1,269
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Milledgeville lenders (with over 10 loans originated) are
Ameris Bank ($5,859), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,153), QUICKEN LOANS, LLC ($7,422), .
The lowest rate Milledgeville lenders (with over 10 loans originated) are
Ameris Bank (6.67%), QUICKEN LOANS, LLC (6.75%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.77%), .
Milledgeville, GA Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $17,440,000 | $11,275,000 | -35.3% | 9.1% |
| QUICKEN LOANS, LLC | $9,890,000 | $9,550,000 | -3.4% | 7.7% |
| Exchange Bank | $16,105,000 | $8,350,000 | -48.2% | 6.7% |
| VAN DYK MORTGAGE CORPORATION | $2,340,000 | $5,750,000 | 145.7% | 4.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $6,215,000 | $5,010,000 | -19.4% | 4.0% |
| Ameris Bank | $9,175,000 | $4,205,000 | -54.2% | 3.4% |
| ROBINS FINANCIAL | $5,870,000 | $3,510,000 | -40.2% | 2.8% |
| Mortgage Research Center, LLC | $4,545,000 | $3,295,000 | -27.5% | 2.6% |
| NAVY FEDERAL CREDIT UNION | $1,615,000 | $2,715,000 | 68.1% | 2.2% |
| WALKER & DUNLOP, LLC | $2,695,000 | n/a | 2.2% | |
| United Bank | $500,000 | $2,395,000 | 379.0% | 1.9% |
| Magnolia State Bank | $4,830,000 | $2,215,000 | -54.1% | 1.8% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $885,000 | $2,195,000 | 148.0% | 1.8% |
| Wells Fargo Bank | $1,530,000 | $1,950,000 | 27.5% | 1.6% |
| SOUTHEAST MORTGAGE OF GEORGIA, INC. | $550,000 | $1,865,000 | 239.1% | 1.5% |
| Colony Bank | $2,195,000 | $1,860,000 | -15.3% | 1.5% |
| LOANDEPOT.COM, LLC | $1,725,000 | $1,715,000 | -0.6% | 1.4% |
| Capital City Home Loans, LLC | $1,725,000 | $1,595,000 | -7.5% | 1.3% |
| PENNYMAC LOAN SERVICES, LLC | $760,000 | $1,550,000 | 103.9% | 1.2% |
| BANKSOUTH MORTGAGE COMPANY, LLC | $2,210,000 | $1,530,000 | -30.8% | 1.2% |
| BankSouth | $430,000 | $1,435,000 | 233.7% | 1.2% |
| 21ST MORTGAGE CORPORATION | $950,000 | $1,415,000 | 48.9% | 1.1% |
| Synovus Bank | $3,660,000 | $1,370,000 | -62.6% | 1.1% |
| HOMESTAR FINANCIAL CORPORATION | $1,810,000 | $1,315,000 | -27.3% | 1.1% |
| MOVEMENT MORTGAGE, LLC | $1,115,000 | n/a | 0.9% | |
| CROSSCOUNTRY MORTGAGE, LLC | $800,000 | $1,095,000 | 36.9% | 0.9% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $1,330,000 | $1,065,000 | -19.9% | 0.9% |
| Regions Bank | $395,000 | $1,060,000 | 168.4% | 0.9% |
| The Commercial Bank | $35,000 | $1,055,000 | 2,914.3% | 0.8% |
| HOMESPIRE MORTGAGE CORPORATION | $1,045,000 | n/a | 0.8% | |
| Morris Bank | $3,185,000 | $1,045,000 | -67.2% | 0.8% |
| Carrington Mortgage Services, LLC | $135,000 | $1,000,000 | 640.7% | 0.8% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $485,000 | $980,000 | 102.1% | 0.8% |
| Renasant Bank | $635,000 | $940,000 | 48.0% | 0.8% |
| STOCKTON MORTGAGE CORPORATION | $1,400,000 | $930,000 | -33.6% | 0.7% |
| Bank OZK | $3,255,000 | $855,000 | -73.7% | 0.7% |
| CMG MORTGAGE, INC. | $730,000 | $770,000 | 5.5% | 0.6% |
| EVERETT FINANCIAL, INC. | $1,655,000 | $745,000 | -55.0% | 0.6% |
| CREDIT UNION FINANCIAL SERVICES, LLC | $1,070,000 | $740,000 | -30.8% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $1,430,000 | $735,000 | -48.6% | 0.6% |
| Truist | $2,625,000 | $735,000 | -72.0% | 0.6% |
| BARTLETT MORTGAGE, INC. | $725,000 | n/a | 0.6% | |
| GUILD MORTGAGE COMPANY | $1,490,000 | $705,000 | -52.7% | 0.6% |
| Pinnacle Bank | $115,000 | $700,000 | 508.7% | 0.6% |
| TRIAD FINANCIAL SERVICES, INC. | $145,000 | $680,000 | 369.0% | 0.5% |
| BROKER SOLUTIONS, INC. | $1,255,000 | $640,000 | -49.0% | 0.5% |
| GUARANTEED RATE, INC. | $1,730,000 | $625,000 | -63.9% | 0.5% |
| MORTGAGE INVESTORS GROUP, INC. | $635,000 | $610,000 | -3.9% | 0.5% |
| BANK OF MADISON | $595,000 | n/a | 0.5% | |
| TJC Mortgage, Inc. | $565,000 | n/a | 0.5% | |
| USAA Federal Savings Bank | $575,000 | $560,000 | -2.6% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $610,000 | $550,000 | -9.8% | 0.4% |
| GEORGIA'S OWN | $530,000 | $540,000 | 1.9% | 0.4% |
| JPMorgan Chase Bank | $720,000 | $540,000 | -25.0% | 0.4% |
| FIRST COLONY MORTGAGE CORPORATION | $535,000 | n/a | 0.4% | |
| GUARANTY HOME MORTGAGE CORPORATION | $1,220,000 | $510,000 | -58.2% | 0.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $660,000 | $495,000 | -25.0% | 0.4% |
| Associated Credit Union | $490,000 | n/a | 0.4% | |
| Bank of America | $1,060,000 | $455,000 | -57.1% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $455,000 | n/a | 0.4% | |
| Mr. Cooper ( Nationstar Mortgage ) | $1,470,000 | $440,000 | -70.1% | 0.4% |
| AMERICAN FINANCIAL NETWORK, INC. | $435,000 | n/a | 0.3% | |
| GUARANTEED RATE AFFINITY, LLC | $415,000 | $435,000 | 4.8% | 0.3% |
| CARDINAL FINANCIAL | $1,370,000 | $430,000 | -68.6% | 0.3% |
| First Federal Bank | $1,040,000 | $430,000 | -58.7% | 0.3% |
| U.S. Bank | $970,000 | $430,000 | -55.7% | 0.3% |
| Queensborough National Bank & Trust Company | $35,000 | $415,000 | 1,085.7% | 0.3% |
| Metro City Bank | $400,000 | n/a | 0.3% | |
| PLANET HOME LENDING, LLC | $400,000 | n/a | 0.3% | |
| Nations Lending Corporation | $410,000 | $395,000 | -3.7% | 0.3% |
| MICHIGAN MUTUAL, INC. | $375,000 | n/a | 0.3% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $365,000 | n/a | 0.3% | |
| First National Bank of Pennsylvania | $355,000 | n/a | 0.3% | |
| ZILLOW HOME LOANS, LLC | $325,000 | n/a | 0.3% | |
| Citizens Bank | $315,000 | n/a | 0.3% | |
| Equity Prime Mortgage LLC | $295,000 | $315,000 | 6.8% | 0.3% |
| NFM, INC. | $315,000 | n/a | 0.3% | |
| Stifel Bank and Trust | $3,100,000 | $315,000 | -89.8% | 0.3% |
| Flagstar Bank, FSB | $595,000 | $310,000 | -47.9% | 0.2% |
| CLEARPATH LENDING | $365,000 | $305,000 | -16.4% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $320,000 | $300,000 | -6.3% | 0.2% |
| LIMA ONE CAPITAL, LLC | $295,000 | n/a | 0.2% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $295,000 | n/a | 0.2% | |
| DELTA COMMUNITY CREDIT UNION | $410,000 | $290,000 | -29.3% | 0.2% |
| Third Federal Savings and Loan Association of Cleveland | $140,000 | $270,000 | 92.9% | 0.2% |
| Presidential Bank, FSB | $265,000 | n/a | 0.2% | |
| Century Mortgage Company DBA Century Lending Company | $395,000 | $255,000 | -35.4% | 0.2% |
| Platinum Home Mortgage Corporation | $1,295,000 | $235,000 | -81.9% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $490,000 | $230,000 | -53.1% | 0.2% |
| Discover Bank | $150,000 | $225,000 | 50.0% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $615,000 | $225,000 | -63.4% | 0.2% |
| Fifth Third Bank | $220,000 | n/a | 0.2% | |
| Bank of Monticello | $215,000 | n/a | 0.2% | |
| GMFS LLC | $630,000 | $215,000 | -65.9% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $440,000 | $215,000 | -51.1% | 0.2% |
| Southern States Bank | $205,000 | n/a | 0.2% | |
| Plains Commerce Bank | $195,000 | n/a | 0.2% | |
| TOP FLITE FINANCIAL, INC. | $195,000 | n/a | 0.2% | |
| Cornerstone First Mortgage, Inc | $185,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $455,000 | $180,000 | -60.4% | 0.1% |
| Figure Lending LLC | $55,000 | $175,000 | 218.2% | 0.1% |
| PNC Bank | $280,000 | $160,000 | -42.9% | 0.1% |
| JUSTICE Federal Credit Union | $155,000 | n/a | 0.1% | |
| ACADEMY MORTGAGE CORPORATION | $145,000 | n/a | 0.1% | |
| Bank of Dudley | $125,000 | $145,000 | 16.0% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $75,000 | $145,000 | 93.3% | 0.1% |
| Prosperity Home Mortgage, LLC | $115,000 | $145,000 | 26.1% | 0.1% |
| The Piedmont Bank | $145,000 | n/a | 0.1% | |
| United Community Bank | $760,000 | $145,000 | -80.9% | 0.1% |
| SPRING EQ, LLC | $140,000 | n/a | 0.1% | |
| Oconee State Bank | $695,000 | $135,000 | -80.6% | 0.1% |
| PrimeSouth Bank | $135,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $125,000 | $125,000 | 0.0% | 0.1% |
| MILEND, INC. | $505,000 | $115,000 | -77.2% | 0.1% |
| OPEN MORTGAGE, LLC | $395,000 | $115,000 | -70.9% | 0.1% |
| Capital City Bank | $55,000 | $105,000 | 90.9% | 0.1% |
| NEWREZ LLC | $1,235,000 | $105,000 | -91.5% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $205,000 | $85,000 | -58.5% | 0.1% |
| First Horizon Bank | $75,000 | n/a | 0.1% | |
| Bethpage Federal Credit Union | $500,000 | $65,000 | -87.0% | 0.1% |
| FirstBank | $305,000 | $65,000 | -78.7% | 0.1% |
| SunMark Community Bank | $65,000 | n/a | 0.1% | |
| AgFirst Farm Credit Bank | $390,000 | $55,000 | -85.9% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $85,000 | $55,000 | -35.3% | 0.0% |
| ANDREWS FEDERAL CREDIT UNION | $45,000 | n/a | 0.0% | |
| Talbot State Bank | $45,000 | n/a | 0.0% |
Milledgeville's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 9.1% market share. In second place, with 7.7%, is QUICKEN LOANS, LLC, having originated $9,550,000 in loans. In third place, with 6.7%, is Exchange Bank, having originated $8,350,000 in loans. In fourth place, with 4.6%, is VAN DYK MORTGAGE CORPORATION, having originated $5,750,000 in loans. In fifth place, with 4.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $5,010,000 in loans.
Milledgeville, GA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 361 | $87,895,000 | $243,476 |
| Cash Out Refi | 84 | $14,780,000 | $175,952 |
| Refi | 58 | $14,110,000 | $243,276 |
| Home Improvement | 47 | $4,405,000 | $93,723 |
| Other | 33 | $3,275,000 | $99,242 |
Milledgeville's most frequently cited loan purpose was Home Purchase, with 361 originations. The 2nd most popular reason was Cash Out Refi, with 84 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 173 | $41,415,000 | $239,393 |
| 7-8% | 126 | $28,480,000 | $226,032 |
| 5-6% | 86 | $25,470,000 | $296,163 |
| Over 8% | 61 | $7,835,000 | $128,443 |
| 4-5% | 9 | $2,785,000 | $309,444 |
| <2.5% | 1 | $15,000 | $15,000 |
| 3-4% | 1 | $75,000 | $75,000 |
During 2023, Milledgeville's most frequently originated rate bucket was 6-7%, with 173 originations.
Loan Sizing (Milledgeville, GA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 195 | $28,775,000 | $147,564 |
| $200k-400k | 178 | $49,390,000 | $277,472 |
| $100,000 or less | 148 | $8,510,000 | $57,500 |
| $400k-600k | 42 | $20,610,000 | $490,714 |
| $600k-1000k | 17 | $12,375,000 | $727,941 |
| $Over $1MM | 3 | $4,805,000 | $1,601,667 |
Milledgeville's loan sizing saw the bucket of loans from $100k-200k with 195 originations, totaling $28,775,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 225 | $55,185,000 | $245,267 |
| 60-80% | 117 | $29,965,000 | $256,111 |
| 20-40% | 51 | $5,625,000 | $110,294 |
| 40-60% | 47 | $13,595,000 | $289,255 |
| Under 20% | 39 | $2,005,000 | $51,410 |
| Over 100% | 4 | $1,360,000 | $340,000 |
Milledgeville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 225 originations, totaling $55,185,000 in origination value.