MONTGOMERY Mortgage Rates

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

30 Year Fixed Rate mortgages in Montgomery averaged 3.22% for the week of 2021-11-24, compared to the national average of 3.1% for the same period.

The average rate for the prior week (2021-11-18) was 3.22% and one month ago for the week of 2021-10-21, the average rate was 3.21%.

Montgomery's average rate one year ago was 3.14%.

For refis of the same type during the week of 2021-11-24, the average rate was 3.38%.

Loan Type Date Rate
US 30 Year Fixed Rate 2021-11-24 3.1%
Montgomery 30 Year Fixed Rate 2021-11-24 3.22%
Montgomery 30 Year Fixed Rate Refi 2021-11-24 3.38%
Montgomery 15 Year Fixed Rate 2021-11-24 3.29%
Montgomery 15 Year Fixed Rate Refi 2021-11-24 2.63%
Montgomery 30 Year FHA 2021-11-24 3.29%
Montgomery 30 Year FHA Refi 2021-11-24 3.44%
Montgomery 30 Year USDA 2021-11-24 3.45%
Montgomery 30 Year USDA Refi 2021-11-24 3.47%
Montgomery 30 Year VA 2021-11-24 3.35%
Montgomery 30 Year VA Refi 2021-11-24 3.19%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MONTGOMERY, AL.

MONTGOMERY 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 MONTGOMERY, AL 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 2020 Avg. 30yFix Rate 2020 Avg. Total Fees
Trustmark National Bank 431 3.57% $3,232
GUILD MORTGAGE COMPANY 406 3.25% $4,196
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 292 3.06% $3,286
CROSSCOUNTRY MORTGAGE, LLC 255 3.12% $4,138
QUICKEN LOANS, LLC 244 3.28% $4,728
UNITED WHOLESALE MORTGAGE, LLC 220 3.13% $4,239
Renasant Bank 218 3.35% $3,308
Regions Bank 207 3.28% $2,471
INTERLINC MORTGAGE SERVICES, LLC 136 3.15% $1,863
Guardian Credit Union 117 4.19% $3,652
Synovus Bank 92 3.37% $6,416
GMFS LLC 82 3.24% $2,590
Cadence Bank, N.A. 75 3.68% $2,233
Truist Bank 72 3.15% $3,375
BBVA USA 71 3.70% $3,372
CERTAINTY HOME LOANS, LLC 69 3.11% $4,484
BAY EQUITY LLC 60 3.48% $3,521
Wells Fargo Bank, National Association 60 3.49% $1,999
CALIBER HOME LOANS, INC. 55 3.35% $3,778
CMG MORTGAGE, INC. 54 3.37% $4,585
HOPE FEDERAL CREDIT UNION 53 4.81% $12,860
NAVY FEDERAL CREDIT UNION 49 4.12% $3,922
LOANDEPOT.COM, LLC 48 3.09% $3,067
FIRST COMMUNITY MORTGAGE, INC. 40 2.98% $3,149
SouthPoint Bank 34 3.12% $2,402
MAX Credit Union 31 2.91% $3,289
NEWREZ LLC 27 3.35% $3,135
ServisFirst Bank 27 3.24% $3,357
A Mortgage Boutique, LLC 26 3.15% $3,356
NATIONSTAR MORTGAGE LLC 26 3.55% $4,840
AmeriHome Mortgage Company, LLC 25 3.21% $2,954
SECURITYNATIONAL MORTGAGE COMPANY 22 3.92% $3,734
Ameris Bank 20 3.26% $2,845
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 19 3.90% $3,131
PNC Bank, National Association 19 3.92% $710
CB&S Bank, Inc. 19 3.62% $3,176
JPMorgan Chase Bank, National Association 18 3.44% $3,283
Valley National Bank 17 3.24% $3,055
Hamilton Mortgage Corporation 17 3.03% $3,821
PENNYMAC LOAN SERVICES, LLC 15 3.34% $4,655
BETTER MORTGAGE CORPORATION 14 3.04% $3,324
Bank of America, National Association 14 3.09% $3,797
USAA Federal Savings Bank 13 3.55% $4,057
Consumer First Mortgage, Inc. 13 3.04% $3,844
HOME POINT FINANCIAL CORPORATION 13 3.14% $4,804
BancorpSouth Bank 12 3.69% $2,959
AMERISAVE MORTGAGE CORPORATION 11 2.87% $4,111
Goldwater Bank, N.A. 11 3.34% $4,480
MICHIGAN MUTUAL, INC. 11 3.68% $4,128
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 11 3.44% $3,621
Stifel Bank and Trust 11 2.95% $2,982
ROYAL UNITED MORTGAGE LLC 11 3.34% $6,792
FirstBank 11 3.61% $3,151
ROUNDPOINT MORTGAGE SERVICING CORPORATION 10 3.36% $1,561
MUTUAL OF OMAHA MORTGAGE, INC. 9 3.10% $2,947
VANDERBILT MORTGAGE AND FINANCE, INC. 9 2.94% $3,841
BROKER SOLUTIONS, INC. 9 3.54% $3,760
PRIMELENDING, A PLAINSCAPITAL COMPANY 8 4.03% $4,389
Citizens Bank, National Association 8 3.45% $3,703
AVADIAN 8 3.33% $2,881
AMERICAN MORTGAGE SERVICE COMPANY 8 3.42% $3,905
Flagstar Bank, FSB 7 3.17% $3,255
First Federal Bank, A FSB 7 2.91% $1,225
Triumph Bank 7 3.71% $3,743
FREEDOM MORTGAGE CORPORATION 6 3.04% $1,572
South State Bank, National Association 6 3.35% $4,742
Iberiabank 6 3.10% $3,732
MORTGAGE INVESTORS GROUP, INC. 6 3.46% $5,265
NBKC BANK 6 3.29% $3,117
SOUTHEAST MORTGAGE OF GEORGIA, INC. 6 3.08% $2,872
U.S. Bank National Association 5 3.03% $2,845
MOVEMENT MORTGAGE, LLC 5 3.02% $3,670
Progress Bank and Trust 5 2.63% $3,609
Prosperity Home Mortgage, LLC 5 2.95% $3,026
TJC Mortgage, Inc. 5 3.25% $3,778
Bank of England 5 3.33% $5,279
GUARANTY HOME MORTGAGE CORPORATION 5 3.10% $3,032
APCO EMPLOYEES 5 3.63% $2,937
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 3.52% $6,701
Hometown Lenders, Inc. 4 3.41% $4,411
HAMILTON HOME LOANS, INC. 4 3.41% $4,247
MILEND, INC. 4 3.06% $5,396
Northpointe Bank 4 3.31% $3,658
CHURCHILL MORTGAGE CORPORATION 4 3.53% $3,602
DHI MORTGAGE COMPANY, LTD. 4 2.69% $3,086
Strong Home Mortgage, LLC 4 3.06% $2,293
HOMESIDE FINANCIAL, LLC 4 3.37% $3,088
EVERETT FINANCIAL, INC. 4 3.94% $1,580
Alabama One Credit Union 3 2.75% $3,962
SOFI LENDING CORP. 3 3.17% $4,065
EMM LOANS LLC 3 3.13% $7,261
KELLER MORTGAGE, LLC 3 3.25% $1,810
North American Savings Bank, F.S.B. 3 3.17% $1,600
CRESCENT MORTGAGE COMPANY 3 4.08% $3,467
Mortgage Research Center, LLC 3 3.04% $758
GUARANTEED RATE, INC. 3 2.92% $2,973
PENTAGON FEDERAL CREDIT UNION 2 3.50% $1,677
UBS Bank USA 2 2.75% $3,135
UNION HOME MORTGAGE CORP. 2 3.13% $2,255
UNITED MORTGAGE CORP. 2 2.56% $4,175
ANGEL OAK MORTGAGE SOLUTIONS LLC 2 3.00% $3,075
Assurance Financial Group, L.L.C. 2 2.94% $5,004
Morgan Stanley Private Bank, National Association 2 2.88% $3,953
United Community Bank 2 3.25% $2,470
Liberty Mortgage Corporation 2 2.81% $2,309
MORTGAGE MANAGEMENT CONSULTANTS, INC. 2 3.06% $569
Ally Bank 2 3.06% $2,782
NexBank 2 3.13% $3,381
MORTGAGE ACCESS CORP. 2 3.12% $5,997
Carrington Mortgage Services, LLC 2 3.56% $3,206
AMERICAN FINANCIAL NETWORK, INC. 2 2.81% $4,929
First Federal Bank 2 3.44% $3,236
EVANSVILLE TEACHERS 2 2.75% $4,208
Independent Bank 2 2.75% $2,579
First Savings Bank 2 2.88% $2,395
AMERICAN INTERNET MORTGAGE, INC. 2 3.38% $2,875
ZILLOW HOME LOANS, LLC 1 3.13% $5,123
AMERICAN FINANCIAL RESOURCES, INC. 1 2.99% $3,769
AMERICAN FINANCING CORPORATION 1 3.00% $2,566
ARC HOME LLC 1 3.25% $4,000
Arvest Bank 1 3.75% $2,742
Atlantic Union Bank 1 3.13% $6,136
Austin Capital Bank SSB 1 3.38% $5,730
Bank of Whittier, National Association 1 2.80% $2,358
Barrington Bank & Trust Company, N.A. 1 3.00% $3,593
CALCON MUTUAL MORTGAGE LLC 1 2.75% $3,422
CHERRY CREEK MORTGAGE, LLC 1 2.99% $316
Citibank, National Association 1 3.50% $2,866
City National Bank 1 2.49% $3,931
Colonial Savings, F.A. 1 3.38% $1,922
COUNTRYPLACE MORTGAGE, LTD. 1 3.63% $6,418
DAS Acquisition Company, LLC 1 2.88% $4,338
DELTA COMMUNITY CREDIT UNION 1 3.88% $4,326
Discover Bank 1 5.99% $0
DRAPER AND KRAMER MORTGAGE CORP. 1 2.63% $3,213
FBC MORTGAGE, LLC 1 2.99% $3,686
FEDEX EMPLOYEES CREDIT ASSOCIATION 1 3.38% $3,834
FINANCE OF AMERICA MORTGAGE LLC 1 3.13% $4,509
First Financial Bank 1 2.75% $3,779
First Midwest Bank 1 3.50% $3,111
First National Bank of America 1 7.50% $9,708
First Option Mortgage, LLC 1 3.38% $4,157
GENEVA FINANCIAL, LLC 1 4.13% $4,641
GEORGIA UNITED 1 4.50% $6,573
Goldman Sachs Bank USA 1 3.10% $2,389
GUARANTEED RATE AFFINITY, LLC 1 3.25% $702
Hancock Whitney Bank 1 2.88% $2,986
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.50% $4,055
HOMESTAR FINANCIAL CORPORATION 1 3.13% $2,464
Hometown Equity Mortgage, LLC 1 2.88% $4,051
HOMEXPRESS MORTGAGE CORP. 1 8.75% $4,037
JAMES B. NUTTER & COMPANY 1 4.13% $3,093
Jefferson Credit Union 1 3.15% $3,119
KEESLER 1 3.00% $2,970
KS StateBank 1 3.50% $2,263
LEADERONE FINANCIAL CORPORATION 1 3.50% $3,409
LENOX FINANCIAL MORTGAGE CORPORATION 1 3.13% $1,296
Liberty Bank and Trust Company 1 2.75% $6,785
LOANFLIGHT LENDING, LLC 1 2.63% $1,490
Magnolia Bank 1 3.00% $1,705
Manufacturers and Traders Trust Company 1 4.38% $3,350
Metro City Bank 1 4.63% $4,764
MID AMERICA MORTGAGE, INC. 1 2.88% $1,919
Nations Lending Corporation 1 2.63% $13,836
Old National Bank 1 3.25% $2,676
Paramount Residential Mortgage Group, Inc. 1 2.88% $3,507
PLANET HOME LENDING, LLC 1 2.50% $3,076
Prime Choice Funding Inc. 1 2.88% $4,277
RELIANCE FIRST CAPITAL, LLC 1 2.88% $8,293
Republic Bank & Trust Company 1 2.88% $2,192
Residential Acceptance Corporation 1 3.63% $7,195
S1L, Inc. 1 3.63% $4,315
Sierra Pacific Mortgage Company, Inc. 1 3.63% $3,885
SOUTHPOINT FINANCIAL SERVICES, INC. 1 3.88% $4,104
SOUTHWEST FUNDING, LP 1 3.00% $10,820
STANDARD MORTGAGE CORPORATION 1 2.88% $2,689
STAR ONE CREDIT UNION 1 4.25% $2,530
STOCKTON MORTGAGE CORPORATION 1 3.50% $3,812
TOP FLITE FINANCIAL, INC. 1 3.13% $3,680
Waterstone Mortgage Corporation 1 4.75% $5,384
Wyndham Capital Mortgage, Inc. 1 3.00% $1,914

MONTGOMERY, AL's 181 lenders originated 13,293 loans during 2020. The total origination value was $2,819,195,000, with an average loan value of $212,081.

The top MONTGOMERY lender as defined by loan originations is Trustmark National Bank, with 431 loans originated. Their average total fees are $3,232, which is $964 lower than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee MONTGOMERY lenders (with over 10 loans originated) are PNC Bank, National Association ($710), ROUNDPOINT MORTGAGE SERVICING CORPORATION ($1,561), INTERLINC MORTGAGE SERVICES, LLC ($1,863), Wells Fargo Bank, National Association ($1,999) and Cadence Bank, N.A. ($2,233).

The lowest rate MONTGOMERY lenders (with over 10 loans originated) are AMERISAVE MORTGAGE CORPORATION (2.87%), MAX Credit Union (2.91%), Stifel Bank and Trust (2.95%), FIRST COMMUNITY MORTGAGE, INC. (2.98%) and Hamilton Mortgage Corporation (3.03%).

MONTGOMERY, AL 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 2019 Loan Value 2020 Loan Value % Change 2020 Market Share
Trustmark National Bank $150,050,000 $229,655,000 53.1% 8.1%
Guild Mortgage Company $111,680,000 $221,195,000 98.1% 7.8%
Quicken Loans $77,520,000 $168,075,000 116.8% 6.0%
FAIRWAY INDEPENDENT MORT CORP $104,825,000 $141,915,000 35.4% 5.0%
Freedom Mortgage Corporation $27,250,000 $120,155,000 340.9% 4.3%
Max Credit Union $39,710,000 $112,275,000 182.7% 4.0%
United Shore Financial Services LLC $59,785,000 $107,025,000 79.0% 3.8%
REGIONS BANK $51,620,000 $104,630,000 102.7% 3.7%
RENASANT BANK $55,795,000 $100,885,000 80.8% 3.6%
InterLinc Mortgage Services LLC $94,120,000 $70,930,000 -24.6% 2.5%
Synovus Bank $26,660,000 $52,660,000 97.5% 1.9%
GMFS LLC $21,520,000 $42,180,000 96.0% 1.5%
Berkadia Commercial Mortgage $38,760,000 n/a 1.4%
Caliber Home Loans Inc $15,535,000 $38,300,000 146.5% 1.4%
Mortgage Research Center LLC $24,730,000 $37,905,000 53.3% 1.3%
Guardian Credit Union $11,435,000 $37,365,000 226.8% 1.3%
Bay Equity LLC $20,715,000 $36,570,000 76.5% 1.3%
Branch Banking And Trust Co $14,010,000 $33,150,000 136.6% 1.2%
CERTAIN HOME LOANS, LLC $21,065,000 $33,045,000 56.9% 1.2%
WELLS FARGO BANK NA $22,720,000 $32,605,000 43.5% 1.2%
CMG Mortgage Inc. $16,460,000 $31,895,000 93.8% 1.1%
loanDepot LLC $12,695,000 $31,180,000 145.6% 1.1%
Lakeview Loan Servicing, LLC $5,575,000 $30,825,000 452.9% 1.1%
USAA FEDERAL SAVINGS BANK $28,015,000 $30,290,000 8.1% 1.1%
COMPASS BANK $26,560,000 $27,665,000 4.2% 1.0%
River Bank & Trust $15,110,000 $25,180,000 66.6% 0.9%
Nationstar Mortgage $13,920,000 $23,565,000 69.3% 0.8%
WALKER & DUNLOP, LLC $15,205,000 $23,120,000 52.1% 0.8%
NAVY FEDERAL CREDIT UNION $21,520,000 $20,825,000 -3.2% 0.7%
ServisFirst Bank $19,820,000 $19,970,000 0.8% 0.7%
PENNYMAC LOAN SERVICES LLC $9,525,000 $19,060,000 100.1% 0.7%
First Community Mortgage Inc. $730,000 $18,460,000 2,428.8% 0.7%
RED MORTGAGE CAPITAL, LLC $18,115,000 n/a 0.6%
Arbor Realty Trust Inc $52,635,000 $17,765,000 -66.2% 0.6%
Cadence Bank, N.A. $17,495,000 $17,685,000 1.1% 0.6%
SouthPoint Bank $6,370,000 $15,940,000 150.2% 0.6%
NewDay Financial LLC dba NewDay USA $5,865,000 $15,445,000 163.3% 0.5%
AmeriHomeMortgageCompany,LL $1,000,000 $15,055,000 1,405.5% 0.5%
Amerisave Mortgage Corporation $2,965,000 $12,885,000 334.6% 0.5%
Greystone Servicing Corporation, Inc. $12,755,000 n/a 0.5%
NEWREZ LLC $2,615,000 $12,450,000 376.1% 0.4%
Village Capital & Investment $1,485,000 $11,650,000 684.5% 0.4%
Home Point Financial Corporation $2,425,000 $11,055,000 355.9% 0.4%
Hamilton Mortgage Corporation $3,710,000 $10,435,000 181.3% 0.4%
Clearpath Lending $5,290,000 $10,405,000 96.7% 0.4%
JPMorgan Chase Bank, NA $4,590,000 $10,185,000 121.9% 0.4%
The Federal Savings Bank $6,070,000 $10,145,000 67.1% 0.4%
CB&S Bank $4,100,000 $9,960,000 142.9% 0.4%
BancorpSouth Bank $2,560,000 $9,460,000 269.5% 0.3%
Kinetic Federal Credit Union $9,205,000 n/a 0.3%
Hope Credit Union $985,000 $9,140,000 827.9% 0.3%
VANDERBILT MORTGAGE AND FINANCE, INC $6,155,000 $8,915,000 44.8% 0.3%
PNC BANK NA $9,315,000 $8,795,000 -5.6% 0.3%
21ST MORTGAGE $4,560,000 $7,935,000 74.0% 0.3%
CARRINGTON MORTGAGE SERVICES $7,290,000 $7,695,000 5.6% 0.3%
AMERIS BANK $2,905,000 $6,950,000 139.2% 0.2%
First Cmnity BK of Central AL $14,295,000 $6,780,000 -52.6% 0.2%
Valley National Bank $2,210,000 $6,780,000 206.8% 0.2%
American Mortgage Service Company $6,535,000 $6,430,000 -1.6% 0.2%
CoreVest American Finance Lender LLC $12,790,000 $6,310,000 -50.7% 0.2%
CENTERSTATE BANK N.A. $1,305,000 $6,240,000 378.2% 0.2%
Andrew Johnson Bank $6,205,000 n/a 0.2%
Planet Home Lending LLC $4,885,000 $5,835,000 19.4% 0.2%
Stifel Bank and Trust $5,080,000 $5,835,000 14.9% 0.2%
Better Mortgage Corporation $940,000 $5,800,000 517.0% 0.2%
Barrington Bank & Trust $3,435,000 $5,530,000 61.0% 0.2%
Bank of America NA $6,050,000 $5,510,000 -8.9% 0.2%
Consumer First Mortgage Inc. $4,830,000 $5,305,000 9.8% 0.2%
FirstBank $8,840,000 $5,240,000 -40.7% 0.2%
US BANK, N.A. $3,550,000 $4,905,000 38.2% 0.2%
DHI Mortgage Company Limited $5,590,000 $4,600,000 -17.7% 0.2%
NBKC Bank $3,465,000 $4,560,000 31.6% 0.2%
Flagstar Bank $4,970,000 $4,555,000 -8.4% 0.2%
Sun West Mortgage Company Inc. $345,000 $4,420,000 1,181.2% 0.2%
IBERIABANK $1,785,000 $4,410,000 147.1% 0.2%
New American Funding (dba for Broker Solutions Inc) $1,430,000 $4,280,000 199.3% 0.2%
HomeBridge Financial Services, Inc. $5,625,000 $4,110,000 -26.9% 0.1%
Sovereign Lending Group, Inc $3,265,000 $4,110,000 25.9% 0.1%
Cardinal Financial Company LP $2,875,000 $3,970,000 38.1% 0.1%
Triumph Bank $4,130,000 $3,800,000 -8.0% 0.1%
American Financial Network Inc. $2,120,000 $3,665,000 72.9% 0.1%
CBNA $3,225,000 $3,425,000 6.2% 0.1%
North American Savings Bank $1,755,000 $3,380,000 92.6% 0.1%
ALABAMA STATE EMPLOYEES CU $3,210,000 $3,350,000 4.4% 0.1%
Low VA Rates $1,425,000 $3,290,000 130.9% 0.1%
American Financial Resources Inc. $1,455,000 $3,220,000 121.3% 0.1%
Michigan Mutual, Inc. DBA MiMutual Mortgage $3,670,000 $3,215,000 -12.4% 0.1%
Synergy One Lending $3,165,000 $3,215,000 1.6% 0.1%
Intercontinental Capital Group, Inc. $715,000 $3,190,000 346.2% 0.1%
Pentagon Federal Credit Union $1,355,000 $3,105,000 129.2% 0.1%
TJC Mortgage, Inc. $1,460,000 $2,970,000 103.4% 0.1%
Goldwater Bank National Association $1,050,000 $2,960,000 181.9% 0.1%
Northpointe Bank $730,000 $2,830,000 287.7% 0.1%
Hometown Lenders LLC $2,765,000 $2,755,000 -0.4% 0.1%
Morgan Stanley Private Bank NA $3,295,000 $2,645,000 -19.7% 0.1%
Central State Bank $2,570,000 n/a 0.1%
First Guaranty Mortgage Corporation $190,000 $2,555,000 1,244.7% 0.1%
Progress Bank and Trust $2,545,000 n/a 0.1%
APCO Employees Credit Union $1,765,000 $2,530,000 43.3% 0.1%
Avadian Credit Union $335,000 $2,525,000 653.7% 0.1%
Royal United Mortgage LLC $580,000 $2,505,000 331.9% 0.1%
US Mortgage of Florida $2,465,000 n/a 0.1%
Churchill Mortgage Corporation $1,400,000 $2,430,000 73.6% 0.1%
Mid-Continent Funding, Inc. $380,000 $2,405,000 532.9% 0.1%
Southeast Mortgage of Georgia $820,000 $2,300,000 180.5% 0.1%
KS StateBank $2,180,000 n/a 0.1%
Evansville Teachers Federal Credit Union $125,000 $2,100,000 1,580.0% 0.1%
MOVEMENT MORTGAGE, LLC $1,510,000 $2,090,000 38.4% 0.1%
Mid America Mortgage Inc. $460,000 $2,065,000 348.9% 0.1%
First Federal Bank A FSB $155,000 $2,055,000 1,225.8% 0.1%
Magnolia Bank Incorporated $1,545,000 $2,020,000 30.7% 0.1%
UBS Bank USA $455,000 $2,020,000 344.0% 0.1%
AimLoan.com $425,000 $1,975,000 364.7% 0.1%
Mortgage Management Consultants, Inc. $1,945,000 n/a 0.1%
Prime Choice Funding, Inc. $1,500,000 $1,945,000 29.7% 0.1%
Alabama One Credit Union $125,000 $1,905,000 1,424.0% 0.1%
Oceanside Mortgage Company $510,000 $1,890,000 270.6% 0.1%
MORTGAGE INVESTORS GROUP $560,000 $1,880,000 235.7% 0.1%
First Federal Bank of Kansas City $1,875,000 n/a 0.1%
SecurityNational Mortgage Company $2,180,000 $1,830,000 -16.1% 0.1%
Embrace Home Loans, Inc. $1,280,000 $1,790,000 39.8% 0.1%
Reliance First Capital LLC $2,740,000 $1,780,000 -35.0% 0.1%
PRIMELENDING $315,000 $1,770,000 461.9% 0.1%
Nations Lending Corporation $710,000 $1,750,000 146.5% 0.1%
AmWest Funding Corp. $2,225,000 $1,730,000 -22.2% 0.1%
Guaranty Trust Company $3,940,000 $1,720,000 -56.3% 0.1%
AuburnBank $35,000 $1,695,000 4,742.9% 0.1%
LIMA ONE CAPITAL, LLC $1,060,000 $1,650,000 55.7% 0.1%
E Mortgage Management LLC $460,000 $1,615,000 251.1% 0.1%
Army Aviation Center Federal Credit Union $95,000 $1,580,000 1,563.2% 0.1%
COMMUNITY BANK OF MISSISSIPPI $1,550,000 n/a 0.1%
Mortgage Solutions of Colorado LLC $195,000 $1,550,000 694.9% 0.1%
WEI Mortgage LLC $1,535,000 n/a 0.1%
Highlands Residential Mortgage Ltd $740,000 $1,515,000 104.7% 0.1%
Southwest Funding LP $1,490,000 n/a 0.1%
Triad Financial Services Inc $400,000 $1,470,000 267.5% 0.1%
Supreme Lending/ Everett Financial Inc. $855,000 $1,430,000 67.3% 0.1%
Bank of England $835,000 $1,415,000 69.5% 0.1%
First South Farm Credit, ACA $905,000 $1,370,000 51.4% 0.0%
Paramount Residential Mortgage Group Inc. $305,000 $1,355,000 344.3% 0.0%
Ark-La-Tex Financial Services LLC $320,000 $1,320,000 312.5% 0.0%
First Savings Bank $5,820,000 $1,320,000 -77.3% 0.0%
BRYANT BANK $1,310,000 n/a 0.0%
Hancock Whitney Bank $300,000 $1,300,000 333.3% 0.0%
Prosperity Home Mortgage LLC $445,000 $1,285,000 188.8% 0.0%
Bayshore Mortgage Funding LLC $115,000 $1,265,000 1,000.0% 0.0%
CCB COMMUNITY BANK $1,255,000 n/a 0.0%
First Citizens Bank $1,515,000 $1,190,000 -21.5% 0.0%
Homeside Financial LLC $850,000 $1,185,000 39.4% 0.0%
FNB Bank $895,000 $1,170,000 30.7% 0.0%
BNC NATIONAL BANK $1,950,000 $1,150,000 -41.0% 0.0%
PHH MORTGAGE CORPORATION $475,000 $1,125,000 136.8% 0.0%
Accelerate Mortgage $1,080,000 n/a 0.0%
Goldman Sachs Bank USA $1,005,000 $1,065,000 6.0% 0.0%
SoFi Lending Corp $1,045,000 n/a 0.0%
University Lending Group LLC $265,000 $1,035,000 290.6% 0.0%
Guaranteed Rate Affinity LLC $340,000 $970,000 185.3% 0.0%
Union Home Mortgage Company $55,000 $960,000 1,645.5% 0.0%
Crescent Mortgage Company $500,000 $945,000 89.0% 0.0%
Guaranteed Rate Inc. $65,000 $905,000 1,292.3% 0.0%
Auburn University Federal Credit Union $80,000 $880,000 1,000.0% 0.0%
BANKPLUS $860,000 n/a 0.0%
American Financing Corporation $185,000 $855,000 362.2% 0.0%
Merchants & Marine Bank $855,000 n/a 0.0%
Pacific Residential Mortgage LLC $840,000 n/a 0.0%
Brand Mortgage $830,000 n/a 0.0%
Milend Inc. $275,000 $820,000 198.2% 0.0%
Meridian Bank $815,000 n/a 0.0%
Arbor Bank $845,000 $805,000 -4.7% 0.0%
Dominion Financial Services $730,000 $805,000 10.3% 0.0%
Hamilton Group Funding Inc. $800,000 n/a 0.0%
Stockton Mortgage Corporation $635,000 $795,000 25.2% 0.0%
Credit Human Federal Credit Union $775,000 $785,000 1.3% 0.0%
First Midwest Bank $765,000 n/a 0.0%
Keller Mortgage LLC $760,000 $760,000 0.0% 0.0%
Independent Bank $750,000 n/a 0.0%
Armed Forces Bank $735,000 n/a 0.0%
Southern States Bank $735,000 n/a 0.0%
First Home Bank $700,000 n/a 0.0%
Sierra Pacific Mortgage $700,000 n/a 0.0%
Tyndall Federal Credit Union $200,000 $690,000 245.0% 0.0%
Discover Bank $235,000 $680,000 189.4% 0.0%
Finance of America Mortgage LLC $460,000 $675,000 46.7% 0.0%
NBH Bank $675,000 n/a 0.0%
DAS Acquisition Company, LLC $165,000 $670,000 306.1% 0.0%
Liberty Home Mortgage Corp $660,000 n/a 0.0%
Chambers Bank $650,000 n/a 0.0%
United Mortgage Corp $620,000 n/a 0.0%
Weichert Financial Services $285,000 $620,000 117.5% 0.0%
Angel Oak Mortgage Solutions $105,000 $610,000 481.0% 0.0%
BOKF NA $820,000 $600,000 -26.8% 0.0%
AAG $380,000 $595,000 56.6% 0.0%
Metro City Bank $210,000 $565,000 169.0% 0.0%
Stearns Lending $135,000 $565,000 318.5% 0.0%
Peoples Bank $540,000 n/a 0.0%
Liberty Bank and Trust Co $525,000 $535,000 1.9% 0.0%
Alabama Credit Union $130,000 $525,000 303.8% 0.0%
City National Bank $525,000 n/a 0.0%
Network Capital Funding Corporation $520,000 n/a 0.0%
Southpoint Financial Services $520,000 n/a 0.0%
James B. Nutter & Company $135,000 $515,000 281.5% 0.0%
ARVEST BANK $505,000 n/a 0.0%
LendingOne LLC $65,000 $505,000 676.9% 0.0%
Towne Mortgage Company $740,000 $505,000 -31.8% 0.0%
CityWorth Mortgage $385,000 $500,000 29.9% 0.0%
Georgia United Credit Union $35,000 $495,000 1,314.3% 0.0%
Cascade Financial Services $290,000 $490,000 69.0% 0.0%
Wyndham Capital Mortgage $790,000 $480,000 -39.2% 0.0%
CountryPlace Mortgage Ltd. $475,000 n/a 0.0%
Citibank, N.A. $185,000 $470,000 154.1% 0.0%
LendUS LLC dba RPM Mortgage $490,000 $470,000 -4.1% 0.0%
Emery Federal Credit Union $425,000 n/a 0.0%
M&T Bank $425,000 n/a 0.0%
Primary Residential Mortgage Inc. $135,000 $420,000 211.1% 0.0%
Colonial Savings $410,000 n/a 0.0%
Draper and Kramer Mortgage Corp. $405,000 n/a 0.0%
Waterstone Mortgage Corp $385,000 $405,000 5.2% 0.0%
Velocity Commercial Capital LLC $400,000 n/a 0.0%
BTH Bank National Association $395,000 n/a 0.0%
United Community Bank $390,000 n/a 0.0%
HomeStar Financial Corporation $380,000 n/a 0.0%
American Home Lending USA LLC $345,000 $365,000 5.8% 0.0%
FBC Mortgage LLC $465,000 $365,000 -21.5% 0.0%
Home Bank National Association $365,000 n/a 0.0%
BANKSOUTH MORTGAGE COMPANY, LL $355,000 n/a 0.0%
Liberty Mortgage Corporation $350,000 n/a 0.0%
CalCon Mutual Mortgage LLC $340,000 n/a 0.0%
Intercap Lending Inc $335,000 n/a 0.0%
Union Bank & Trust $335,000 n/a 0.0%
Core Bank $325,000 n/a 0.0%
Lenox Financial Mortgage Corp. $315,000 n/a 0.0%
Nations Reliable Lending, LLC $315,000 n/a 0.0%
LeaderOne Financial Corp. $310,000 n/a 0.0%
Old National Bank $310,000 n/a 0.0%
TCF National Bank $490,000 $310,000 -36.7% 0.0%
VanDyk Mortgage Corporation $305,000 n/a 0.0%
FedEx Employees Credit Association $295,000 n/a 0.0%
FIRST NATIONAL BANK OF AMERICA $100,000 $295,000 195.0% 0.0%
CIS Financial Services, Inc. $285,000 n/a 0.0%
CME Federal Credit Union $285,000 n/a 0.0%
Finance of America Commercial LLC $2,020,000 $285,000 -85.9% 0.0%
Plains Commerce Bank $280,000 n/a 0.0%
Cf Bank National Association $740,000 $275,000 -62.8% 0.0%
Members Cooperative Credit Union $270,000 n/a 0.0%
Fay Servicing LLC $75,000 $265,000 253.3% 0.0%
Midland Mortgage Corporation of SC $250,000 $265,000 6.0% 0.0%
Homestead Funding Corp. $255,000 n/a 0.0%
Nations Direct Mortgage LLC $105,000 $255,000 142.9% 0.0%
Delta Community Credit Union $260,000 $250,000 -3.8% 0.0%
Contour Mortgage Corporation $245,000 n/a 0.0%
First Choice Loan Services Inc. $920,000 $245,000 -73.4% 0.0%
Envoy Mortgage Ltd. $240,000 n/a 0.0%
Keesler Federal Credit Union $65,000 $240,000 269.2% 0.0%
Alliant Credit Union $235,000 n/a 0.0%
GATEWAY MORTGAGE GROUP $235,000 n/a 0.0%
Texana Bank, N.A. $235,000 n/a 0.0%
Bank of Whittier, Na $230,000 n/a 0.0%
Campus USA Credit Union $230,000 n/a 0.0%
TIAA, FSB $2,155,000 $230,000 -89.3% 0.0%
Huntington National Bank $115,000 $225,000 95.7% 0.0%
Cherry Creek Mortgage Co. Inc. $205,000 n/a 0.0%
IBM Southeast Employees Federal Credit Union $205,000 n/a 0.0%
Superior Choice Credit Union $415,000 $200,000 -51.8% 0.0%
Fortifi Bank $195,000 $195,000 0.0% 0.0%
Heritage South Credit Union $195,000 n/a 0.0%
AUSTIN CAPITAL BANK SSB $185,000 $185,000 0.0% 0.0%
FIRST NATIONAL BANK OF OMAHA $185,000 n/a 0.0%
Family Savings Credit Union $180,000 n/a 0.0%
Blue Ridge Bank, NA $175,000 n/a 0.0%
MARQUETTE BANK $175,000 n/a 0.0%
Republic Bank & Trust Company $175,000 n/a 0.0%
Sharefax Credit Union $175,000 n/a 0.0%
American Pacific Mortgage Corporation $165,000 n/a 0.0%
Fifth Third Bank $160,000 n/a 0.0%
CAPITAL BANK, NA $235,000 $155,000 -34.0% 0.0%
Coosa Pines Federal Credit Union $155,000 n/a 0.0%
Cstone Mortgage Inc $155,000 n/a 0.0%
Equity Prime Mortgage LLC $155,000 n/a 0.0%
First Financial Bank $155,000 n/a 0.0%
GSF Mortgage Corporation $155,000 n/a 0.0%
Inlanta Mortgage $155,000 n/a 0.0%
Total Mortgage Services LLC $155,000 n/a 0.0%
TVA Community CU $155,000 n/a 0.0%
Field & Main Bank $145,000 n/a 0.0%
Homeowners Financial Group $145,000 n/a 0.0%
Mortgage Lenders of America LLC $480,000 $145,000 -69.8% 0.0%
RESIDENTIAL ACCEPTANCE CORPORATION. RAC. $145,000 n/a 0.0%
Reverse Mortgage Funding LLC $145,000 n/a 0.0%
First Tennessee Bank National $135,000 n/a 0.0%
HOMEXPRESS MORTGAGE CORP. $135,000 n/a 0.0%
Origin Bank $135,000 n/a 0.0%
Redstone Federal Credit Union $715,000 $135,000 -81.1% 0.0%
EvaBank $365,000 $130,000 -64.4% 0.0%
Peach State Federal Credit Uni $125,000 n/a 0.0%
Reliant Bank $120,000 n/a 0.0%
Harvesters Federal Credit Union $115,000 n/a 0.0%
Hometown Equity Mortgage LLC $115,000 n/a 0.0%
Ruoff Home Mortgage $65,000 $115,000 76.9% 0.0%
Standard Mortgage Corporation $115,000 n/a 0.0%
Geneva Financial LLC $55,000 $105,000 90.9% 0.0%
West Alabama Bank & Trust $105,000 n/a 0.0%
CSL Financial, LLC $150,000 $100,000 -33.3% 0.0%
First Option Mortgage LLC $235,000 $95,000 -59.6% 0.0%
Longbridge Financial, LLC $165,000 $95,000 -42.4% 0.0%
One Reverse Mortgage, LLC $160,000 $95,000 -40.6% 0.0%
Platinum Home Mortgage Corporation $95,000 n/a 0.0%
ALABAMA TEACHERS CREDIT UNION $85,000 n/a 0.0%
HomeTrust Mortgage Company $290,000 $85,000 -70.7% 0.0%
Legacy Community Federal Credit Union $85,000 n/a 0.0%
top flite financial, inc. $270,000 $85,000 -68.5% 0.0%
BELL BANK $75,000 n/a 0.0%
Success Mortgage Partners Inc. $75,000 n/a 0.0%
1st Franklin Financial Corporation $35,000 $70,000 100.0% 0.0%
SPRING EQ, LLC $155,000 $70,000 -54.8% 0.0%
Open Mortgage LLC $120,000 $65,000 -45.8% 0.0%
Star One Credit Union $65,000 n/a 0.0%
UNIFY Financial Credit Union $65,000 n/a 0.0%
Community First National Bank $195,000 $55,000 -71.8% 0.0%
Jefferson Credit Union $55,000 n/a 0.0%
Georgia's Own Credit Union $95,000 $45,000 -52.6% 0.0%
MidFirst Bank $45,000 n/a 0.0%
Chevron Federal Credit Union $35,000 n/a 0.0%
Finance of America Reverse LLC $55,000 $25,000 -54.5% 0.0%
Home Loan Investment Bank $15,000 $25,000 66.7% 0.0%

MONTGOMERY's top lender by overall market share is Trustmark National Bank, with 8.1% market share. In second place, with 7.8%, is Guild Mortgage Company, having originated $221,195,000 in loans. In third place, with 6.0%, is Quicken Loans, having originated $168,075,000 in loans. In third place, with 5.0%, is FAIRWAY INDEPENDENT MORT CORP, having originated $141,915,000 in loans. In third place, with 4.3%, is Freedom Mortgage Corporation, having originated $120,155,000 in loans.


MONTGOMERY, AL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 5,915 $1,226,875,000 $207,418
Refi 5,573 $1,264,035,000 $226,814
Cash Out Refi 1,402 $277,720,000 $198,088
Other 219 $30,095,000 $137,420
Home Improvement 184 $20,470,000 $111,250

Montgomery's most frequently cited loan purpose was Home Purchase, with 5,915 originations. The 2nd most popular reason was Refi, with 5,573 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 4,963 $1,113,375,000 $224,335
3-4% 4,944 $1,063,130,000 $215,034
<2.5% 1,635 $362,085,000 $221,459
4-5% 928 $148,090,000 $159,580
5-6% 224 $30,090,000 $134,330
Over 8% 141 $9,325,000 $66,135
6-7% 110 $11,780,000 $107,091
7-8% 91 $5,965,000 $65,549

During 2020, Montgomery's most frequently originated rate bucket was 2.5-3%, with 4,963 originations.

Loan Sizing (MONTGOMERY, AL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 5,391 $809,835,000 $150,220
$200k-400k 5,081 $1,380,295,000 $271,658
$100,000 or less 2,159 $138,595,000 $64,194
$400k-600k 536 $247,640,000 $462,015
$600k-1000k 82 $62,400,000 $760,976
$Over $1MM 44 $180,430,000 $4,100,682

MONTGOMERY's loan sizing saw the bucket of loans from $100k-200k with 5,391 originations, totaling $809,835,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 6,979 $1,489,455,000 $213,420
60-80% 3,336 $775,430,000 $232,443
40-60% 832 $153,340,000 $184,303
Over 100% 405 $109,515,000 $270,407
20-40% 351 $43,945,000 $125,199
Under 20% 316 $15,650,000 $49,525

MONTGOMERY's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 6,979 originations, totaling $1,489,455,000 in origination value.