MONTGOMERY Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Montgomery averaged
6.9%
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
6.93% and
one month ago for the week of 2024-10-03, the
average rate was 6.43%.
Montgomery's average rate one year ago was 7.87%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.6%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Montgomery 30 Year Fixed Rate | 2024-11-07 | 6.9% |
| Montgomery 30 Year Fixed Rate Refi | 2024-11-07 | 7.6% |
| Montgomery 15 Year Fixed Rate | 2024-11-07 | 6.52% |
| Montgomery 15 Year Fixed Rate Refi | 2024-11-07 | 6.1% |
| Montgomery 30 Year FHA | 2024-11-07 | 6.25% |
| Montgomery 30 Year FHA Refi | 2024-11-07 | 6.33% |
| Montgomery 30 Year USDA | 2024-11-07 | 6.38% |
| Montgomery 30 Year USDA Refi | 2024-11-07 | 6.28% |
| Montgomery 30 Year VA | 2024-11-07 | 6.16% |
| Montgomery 30 Year VA Refi | 2024-11-07 | 6.24% |
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 lender, 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.).
MONTGOMERY Average Closing Costs & Other Stats
MONTGOMERY, AL's 142 lenders originated 6,557
loans during 2023. The total origination value was $1,378,705,000, with an average loan value of
$210,265.
MONTGOMERY's average closing costs are $4,982.
The top MONTGOMERY lender as defined by loan originations is Trustmark National Bank, with
236 loans originated. Their average total fees are
$4,515, which is $366
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee MONTGOMERY lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($2,715), Truist ($3,441), GMFS LLC ($3,648), Wells Fargo Bank ($3,717) and NEWREZ LLC ($3,783).
The lowest rate MONTGOMERY lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.80%), Wells Fargo Bank (6.46%), Mr. Cooper ( Nationstar Mortgage ) (6.49%), GUARANTEED RATE, INC. (6.53%) and NEWREZ LLC (6.54%).
MONTGOMERY, AL 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 |
|---|---|---|---|---|
| Trustmark National Bank | $158,885,000 | $107,570,000 | -32.3% | 7.8% |
| GUILD MORTGAGE COMPANY | $141,035,000 | $105,590,000 | -25.1% | 7.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $124,105,000 | $81,650,000 | -34.2% | 5.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $82,530,000 | $79,200,000 | -4.0% | 5.7% |
| QUICKEN LOANS, LLC | $91,235,000 | $53,820,000 | -41.0% | 3.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $71,735,000 | $51,440,000 | -28.3% | 3.7% |
| Renasant Bank | $57,670,000 | $49,300,000 | -14.5% | 3.6% |
| River Bank & Trust | $97,010,000 | $49,255,000 | -49.2% | 3.6% |
| Regions Bank | $56,115,000 | $44,380,000 | -20.9% | 3.2% |
| Mortgage Research Center, LLC | $46,500,000 | $43,215,000 | -7.1% | 3.1% |
| Guardian Credit Union | $48,105,000 | $38,945,000 | -19.0% | 2.8% |
| MOVEMENT MORTGAGE, LLC | $6,950,000 | $31,690,000 | 356.0% | 2.3% |
| PENNYMAC LOAN SERVICES, LLC | $50,340,000 | $27,485,000 | -45.4% | 2.0% |
| CMG MORTGAGE, INC. | $27,965,000 | $25,555,000 | -8.6% | 1.9% |
| MAX Credit Union | $46,225,000 | $23,360,000 | -49.5% | 1.7% |
| GREYSTONE SERVICING COMPANY LLC | $2,555,000 | $23,175,000 | 807.0% | 1.7% |
| DHI MORTGAGE COMPANY, LTD. | $16,615,000 | $22,105,000 | 33.0% | 1.6% |
| NAVY FEDERAL CREDIT UNION | $26,770,000 | $21,970,000 | -17.9% | 1.6% |
| Synovus Bank | $16,020,000 | $17,925,000 | 11.9% | 1.3% |
| GMFS LLC | $31,260,000 | $15,570,000 | -50.2% | 1.1% |
| Arbor Realty Trust, Inc. | $6,005,000 | $15,490,000 | 158.0% | 1.1% |
| AMERIFIRST BANK | $15,125,000 | n/a | 1.1% | |
| Flagstar Bank, FSB | $55,340,000 | $12,860,000 | -76.8% | 0.9% |
| GUARANTEED RATE, INC. | $2,910,000 | $12,055,000 | 314.3% | 0.9% |
| Wells Fargo Bank | $46,135,000 | $11,615,000 | -74.8% | 0.8% |
| USAA Federal Savings Bank | $16,265,000 | $11,415,000 | -29.8% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $20,600,000 | $11,270,000 | -45.3% | 0.8% |
| M&T Realty Capital Corporation | $10,845,000 | n/a | 0.8% | |
| Evolve Bank & Trust | $10,600,000 | n/a | 0.8% | |
| UNION HOME MORTGAGE CORP. | $4,695,000 | $10,150,000 | 116.2% | 0.7% |
| NEWREZ LLC | $6,560,000 | $10,090,000 | 53.8% | 0.7% |
| PNC Bank | $17,770,000 | $9,860,000 | -44.5% | 0.7% |
| Robertson Banking Company | $9,720,000 | n/a | 0.7% | |
| First Community Bank of Central Alabama | $15,305,000 | $9,500,000 | -37.9% | 0.7% |
| LOANDEPOT.COM, LLC | $51,515,000 | $9,280,000 | -82.0% | 0.7% |
| 21ST MORTGAGE CORPORATION | $6,715,000 | $9,120,000 | 35.8% | 0.7% |
| Bethpage Federal Credit Union | $8,705,000 | $8,455,000 | -2.9% | 0.6% |
| FIRST COMMUNITY MORTGAGE, INC. | $2,745,000 | $7,860,000 | 186.3% | 0.6% |
| LENDINGHOME FUNDING CORPORATION | $675,000 | $7,575,000 | 1,022.2% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $12,900,000 | $6,920,000 | -46.4% | 0.5% |
| BancorpSouth | $13,465,000 | $6,645,000 | -50.6% | 0.5% |
| CB&S Bank, Inc. | $11,015,000 | $6,275,000 | -43.0% | 0.5% |
| Truist | $13,320,000 | $6,085,000 | -54.3% | 0.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $6,435,000 | $5,940,000 | -7.7% | 0.4% |
| JPMorgan Chase Bank | $7,220,000 | $5,780,000 | -19.9% | 0.4% |
| NEW DAY FINANCIAL, LLC | $10,350,000 | $5,525,000 | -46.6% | 0.4% |
| SouthPoint Bank | $6,425,000 | $5,495,000 | -14.5% | 0.4% |
| The Federal Savings Bank | $4,000,000 | $5,305,000 | 32.6% | 0.4% |
| BankFirst Financial Services | $480,000 | $4,715,000 | 882.3% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $6,925,000 | $4,615,000 | -33.4% | 0.3% |
| BROKER SOLUTIONS, INC. | $3,995,000 | $4,375,000 | 9.5% | 0.3% |
| ServisFirst Bank | $24,775,000 | $4,355,000 | -82.4% | 0.3% |
| PENTAGON FEDERAL CREDIT UNION | $5,805,000 | $3,730,000 | -35.7% | 0.3% |
| Morgan Stanley Private Bank | $3,145,000 | $3,720,000 | 18.3% | 0.3% |
| APCO EMPLOYEES | $1,835,000 | $3,675,000 | 100.3% | 0.3% |
| Troy Bank and Trust Company | $4,395,000 | $3,615,000 | -17.7% | 0.3% |
| ALABAMA STATE EMPLOYEES CREDIT UNION | $5,815,000 | $3,610,000 | -37.9% | 0.3% |
| Hamilton Mortgage Corporation | $5,830,000 | $3,470,000 | -40.5% | 0.3% |
| AMERICAN FINANCIAL NETWORK, INC. | $3,380,000 | n/a | 0.2% | |
| Prudential Huntoon Paige Associates, LLC | $3,315,000 | n/a | 0.2% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $2,925,000 | $3,095,000 | 5.8% | 0.2% |
| CARDINAL FINANCIAL | $3,670,000 | $3,075,000 | -16.2% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $2,185,000 | $2,980,000 | 36.4% | 0.2% |
| Carrington Mortgage Services, LLC | $4,895,000 | $2,925,000 | -40.2% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,990,000 | $2,915,000 | 46.5% | 0.2% |
| BAY EQUITY LLC | $17,180,000 | $2,745,000 | -84.0% | 0.2% |
| First Horizon Bank | $1,530,000 | $2,675,000 | 74.8% | 0.2% |
| Bank of America | $5,420,000 | $2,470,000 | -54.4% | 0.2% |
| South State Bank | $3,095,000 | $2,320,000 | -25.0% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $3,370,000 | $2,285,000 | -32.2% | 0.2% |
| LENDINGONE, LLC | $4,795,000 | $2,265,000 | -52.8% | 0.2% |
| First Federal Bank | $2,965,000 | $2,160,000 | -27.2% | 0.2% |
| ACOPIA, LLC | $2,155,000 | n/a | 0.2% | |
| FirstBank | $4,885,000 | $2,105,000 | -56.9% | 0.2% |
| Consumer First Mortgage, Inc. | $165,000 | $2,045,000 | 1,139.4% | 0.1% |
| MILEND, INC. | $950,000 | $2,015,000 | 112.1% | 0.1% |
| NBKC BANK | $1,820,000 | $2,000,000 | 9.9% | 0.1% |
| Stifel Bank and Trust | $13,985,000 | $1,995,000 | -85.7% | 0.1% |
| Northpointe Bank | $2,190,000 | $1,925,000 | -12.1% | 0.1% |
| Plains Commerce Bank | $345,000 | $1,925,000 | 458.0% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $1,430,000 | $1,910,000 | 33.6% | 0.1% |
| EMM LOANS LLC | $3,420,000 | $1,900,000 | -44.4% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $5,005,000 | $1,895,000 | -62.1% | 0.1% |
| SmartBank | $4,190,000 | $1,890,000 | -54.9% | 0.1% |
| ORIX REAL ESTATE CAPITAL, LLC | $3,035,000 | $1,835,000 | -39.5% | 0.1% |
| HOPE FEDERAL CREDIT UNION | $3,590,000 | $1,830,000 | -49.0% | 0.1% |
| Bank of England | $1,070,000 | $1,805,000 | 68.7% | 0.1% |
| Discover Bank | $1,540,000 | $1,805,000 | 17.2% | 0.1% |
| Valley National Bank | $5,015,000 | $1,800,000 | -64.1% | 0.1% |
| Neighborhood Loans, Inc. | $285,000 | $1,770,000 | 521.1% | 0.1% |
| Prosperity Home Mortgage, LLC | $1,615,000 | $1,770,000 | 9.6% | 0.1% |
| CIS Financial Services, Inc. | $315,000 | $1,660,000 | 427.0% | 0.1% |
| Ameris Bank | $6,575,000 | $1,630,000 | -75.2% | 0.1% |
| U.S. Bank | $3,495,000 | $1,600,000 | -54.2% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $3,960,000 | $1,590,000 | -59.8% | 0.1% |
| ZILLOW HOME LOANS, LLC | $635,000 | $1,420,000 | 123.6% | 0.1% |
| M&T Bank | $1,655,000 | $1,340,000 | -19.0% | 0.1% |
| CANOPY MORTGAGE, LLC | $225,000 | $1,155,000 | 413.3% | 0.1% |
| Nations Lending Corporation | $1,820,000 | $1,155,000 | -36.5% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $480,000 | $1,135,000 | 136.5% | 0.1% |
| LIMA ONE CAPITAL, LLC | $4,120,000 | $1,135,000 | -72.5% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $1,130,000 | n/a | 0.1% | |
| FBC MORTGAGE, LLC | $165,000 | $1,095,000 | 563.6% | 0.1% |
| GENEVA FINANCIAL, LLC | $245,000 | $1,090,000 | 344.9% | 0.1% |
| AVADIAN | $280,000 | $1,085,000 | 287.5% | 0.1% |
| Bryant Bank | $2,110,000 | $1,070,000 | -49.3% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $2,510,000 | $1,005,000 | -60.0% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $1,190,000 | $980,000 | -17.6% | 0.1% |
| United Community Bank | $370,000 | $980,000 | 164.9% | 0.1% |
| STOCKTON MORTGAGE CORPORATION | $220,000 | $970,000 | 340.9% | 0.1% |
| First Federal Bank, A FSB | $1,445,000 | $960,000 | -33.6% | 0.1% |
| Assurance Financial Group, L.L.C. | $1,360,000 | $955,000 | -29.8% | 0.1% |
| Magnolia Bank | $1,190,000 | $945,000 | -20.6% | 0.1% |
| Figure Lending LLC | $1,285,000 | $940,000 | -26.8% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $1,560,000 | $900,000 | -42.3% | 0.1% |
| West Alabama Bank & Trust | $900,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $2,380,000 | $895,000 | -62.4% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $790,000 | $890,000 | 12.7% | 0.1% |
| Mutual Savings Credit Union | $100,000 | $875,000 | 775.0% | 0.1% |
| NFM, INC. | $485,000 | $870,000 | 79.4% | 0.1% |
| GUARANTY HOME MORTGAGE CORPORATION | $530,000 | $845,000 | 59.4% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,110,000 | $840,000 | -24.3% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $835,000 | n/a | 0.1% | |
| Coastal Community Bank | $835,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $2,195,000 | $825,000 | -62.4% | 0.1% |
| Marion Bank & Trust Company | $800,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $965,000 | $780,000 | -19.2% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,855,000 | $765,000 | -73.2% | 0.1% |
| Bank of Springfield | $995,000 | $750,000 | -24.6% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $355,000 | $720,000 | 102.8% | 0.1% |
| EVERETT FINANCIAL, INC. | $840,000 | $715,000 | -14.9% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $750,000 | $705,000 | -6.0% | 0.1% |
| ENVOY MORTGAGE, LTD | $145,000 | $670,000 | 362.1% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $415,000 | $670,000 | 61.4% | 0.0% |
| Merchants Mortgage & Trust Corporation | $665,000 | n/a | 0.0% | |
| OCMBC, INC. | $665,000 | n/a | 0.0% | |
| The First, A National Banking Association | $65,000 | $650,000 | 900.0% | 0.0% |
| Midwest BankCentre | $645,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $295,000 | $625,000 | 111.9% | 0.0% |
| Paramount Residential Mortgage Group, Inc. | $555,000 | $620,000 | 11.7% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $2,350,000 | $610,000 | -74.0% | 0.0% |
| BNC National Bank | $1,035,000 | $605,000 | -41.5% | 0.0% |
| HOMESTAR FINANCIAL CORPORATION | $665,000 | $600,000 | -9.8% | 0.0% |
| MORTGAGE INVESTORS GROUP, INC. | $585,000 | $600,000 | 2.6% | 0.0% |
| AuburnBank | $870,000 | $595,000 | -31.6% | 0.0% |
| ALL IN | $555,000 | $590,000 | 6.3% | 0.0% |
| Citizens Bank | $2,710,000 | $590,000 | -78.2% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $1,415,000 | $575,000 | -59.4% | 0.0% |
| Cornerstone First Mortgage, Inc | $385,000 | $550,000 | 42.9% | 0.0% |
| Equity Prime Mortgage LLC | $675,000 | $550,000 | -18.5% | 0.0% |
| REDSTONE Federal Credit Union | $755,000 | $550,000 | -27.2% | 0.0% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $545,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $1,270,000 | $530,000 | -58.3% | 0.0% |
| PREMIA MORTGAGE, LLC | $185,000 | $530,000 | 186.5% | 0.0% |
| Ally Bank | $1,240,000 | $520,000 | -58.1% | 0.0% |
| MORTGAGE MANAGEMENT CONSULTANTS, INC. | $705,000 | $520,000 | -26.2% | 0.0% |
| The Peoples Bank, Biloxi, Mississippi | $505,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $755,000 | $500,000 | -33.8% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,085,000 | $495,000 | -54.4% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $485,000 | n/a | 0.0% | |
| NEW WAVE LENDING GROUP INC | $485,000 | n/a | 0.0% | |
| First Citizens Bank | $2,115,000 | $475,000 | -77.5% | 0.0% |
| Gulf Winds Credit Union | $470,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $810,000 | $465,000 | -42.6% | 0.0% |
| AMWEST FUNDING CORP. | $2,645,000 | $460,000 | -82.6% | 0.0% |
| SPRING EQ, LLC | $785,000 | $455,000 | -42.0% | 0.0% |
| TOWNE MORTGAGE COMPANY | $405,000 | $455,000 | 12.3% | 0.0% |
| CITIZENS EQUITY FIRST | $445,000 | n/a | 0.0% | |
| American Mortgage & Equity Consultants, Inc. | $440,000 | n/a | 0.0% | |
| AUBURN UNIVERSITY CREDIT UNION | $600,000 | $440,000 | -26.7% | 0.0% |
| SOUTHEAST MORTGAGE OF GEORGIA, INC. | $975,000 | $440,000 | -54.9% | 0.0% |
| BMO Harris Bank | $435,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $375,000 | $430,000 | 14.7% | 0.0% |
| Bank of Hope | $385,000 | $425,000 | 10.4% | 0.0% |
| Liberty Mortgage Corporation | $425,000 | n/a | 0.0% | |
| First South Farm Credit, ACA | $2,280,000 | $410,000 | -82.0% | 0.0% |
| TOTAL MORTGAGE SERVICES, LLC | $405,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $230,000 | $400,000 | 73.9% | 0.0% |
| First National Bank of America | $370,000 | $395,000 | 6.8% | 0.0% |
| Hancock Whitney Bank | $1,175,000 | $390,000 | -66.8% | 0.0% |
| EMBRACE HOME LOANS, INC. | $635,000 | $370,000 | -41.7% | 0.0% |
| SeaTrust Mortgage Company | $370,000 | n/a | 0.0% | |
| Raymond James Bank | $275,000 | $365,000 | 32.7% | 0.0% |
| Waterstone Mortgage Corporation | $430,000 | $365,000 | -15.1% | 0.0% |
| MORTGAGE ACCESS CORP. | $360,000 | n/a | 0.0% | |
| Wolfe Financial, Inc | $360,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $675,000 | $355,000 | -47.4% | 0.0% |
| DAS Acquisition Company, LLC | $305,000 | $350,000 | 14.8% | 0.0% |
| The Huntington National Bank | $335,000 | $350,000 | 4.5% | 0.0% |
| A&D Mortgage LLC | $425,000 | $345,000 | -18.8% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $830,000 | $345,000 | -58.4% | 0.0% |
| AmeriHome Mortgage Company, LLC | $1,240,000 | $345,000 | -72.2% | 0.0% |
| Peach State Bank & Trust | $345,000 | n/a | 0.0% | |
| Metro City Bank | $1,675,000 | $325,000 | -80.6% | 0.0% |
| Metro Bank | $315,000 | n/a | 0.0% | |
| Strong Home Mortgage, LLC | $335,000 | $315,000 | -6.0% | 0.0% |
| CALIBER HOME LOANS, INC. | $12,185,000 | $310,000 | -97.5% | 0.0% |
| The Samson Banking Company, Inc. | $305,000 | n/a | 0.0% | |
| THRIVE MORTGAGE, LLC | $585,000 | $305,000 | -47.9% | 0.0% |
| MICHIGAN MUTUAL, INC. | $1,675,000 | $300,000 | -82.1% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $295,000 | $290,000 | -1.7% | 0.0% |
| UNITED PREMIER FUNDING, LLC | $285,000 | n/a | 0.0% | |
| AMERICA'S FIRST | $485,000 | $275,000 | -43.3% | 0.0% |
| AmRes Corporation | $275,000 | n/a | 0.0% | |
| Armed Forces Bank | $1,005,000 | $275,000 | -72.6% | 0.0% |
| CERTAINTY HOME LOANS, LLC | $9,980,000 | $275,000 | -97.2% | 0.0% |
| Liberty Savings Bank, F.S.B. | $275,000 | n/a | 0.0% | |
| First Bank | $265,000 | n/a | 0.0% | |
| The Loan Store, Inc. | $265,000 | n/a | 0.0% | |
| CORNERSTONE HOME LENDING, INC. | $1,570,000 | $255,000 | -83.8% | 0.0% |
| First Metro Bank | $255,000 | n/a | 0.0% | |
| Ixonia Bank | $255,000 | n/a | 0.0% | |
| Pinnacle Bank | $19,200,000 | $255,000 | -98.7% | 0.0% |
| The Central Trust Bank | $1,100,000 | $255,000 | -76.8% | 0.0% |
| TOWN AND COUNTRY Credit Union | $255,000 | n/a | 0.0% | |
| CONTOUR MORTGAGE CORPORATION | $605,000 | $245,000 | -59.5% | 0.0% |
| HomePromise Corporation | $245,000 | n/a | 0.0% | |
| BAY-VALLEY MORTGAGE GROUP | $235,000 | n/a | 0.0% | |
| NATIONS DIRECT MORTGAGE, LLC | $235,000 | n/a | 0.0% | |
| NBH Bank | $235,000 | n/a | 0.0% | |
| SWBC MORTGAGE CORPORATION | $440,000 | $235,000 | -46.6% | 0.0% |
| Atlantic Union Bank | $300,000 | $225,000 | -25.0% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $350,000 | $225,000 | -35.7% | 0.0% |
| UIF CORPORATION | $225,000 | n/a | 0.0% | |
| Community Trust Bank, Inc. | $215,000 | n/a | 0.0% | |
| INTERLINC MORTGAGE SERVICES, LLC | $47,100,000 | $205,000 | -99.6% | 0.0% |
| KINECTA | $205,000 | n/a | 0.0% | |
| NORWICH COMMERCIAL GROUP, INC. | $205,000 | n/a | 0.0% | |
| BankSouth | $195,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $1,190,000 | $185,000 | -84.5% | 0.0% |
| Pinnacle Bank | $19,200,000 | $185,000 | -99.0% | 0.0% |
| BANKSOUTH MORTGAGE COMPANY, LLC | $175,000 | n/a | 0.0% | |
| Community Bank of Mississippi | $2,170,000 | $175,000 | -91.9% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $175,000 | n/a | 0.0% | |
| EvaBank | $165,000 | n/a | 0.0% | |
| Heritage South Credit Union | $165,000 | n/a | 0.0% | |
| UNITED NORTHERN MORTGAGE BANKERS LIMITED | $155,000 | n/a | 0.0% | |
| ACADEMY MORTGAGE CORPORATION | $145,000 | n/a | 0.0% | |
| First International Bank & Trust | $145,000 | n/a | 0.0% | |
| First State Bank | $145,000 | n/a | 0.0% | |
| HUNT MORTGAGE CORPORATION | $235,000 | $145,000 | -38.3% | 0.0% |
| NobleBank & Trust | $145,000 | n/a | 0.0% | |
| Peoples Bank | $145,000 | $145,000 | 0.0% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $145,000 | $145,000 | 0.0% | 0.0% |
| Alabama One Credit Union | $400,000 | $135,000 | -66.3% | 0.0% |
| AXIA FINANCIAL, LLC | $105,000 | $135,000 | 28.6% | 0.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $595,000 | $135,000 | -77.3% | 0.0% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $400,000 | $135,000 | -66.3% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $135,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $615,000 | $130,000 | -78.9% | 0.0% |
| Colonial Savings, F.A. | $165,000 | $125,000 | -24.2% | 0.0% |
| SHELTER HOME MORTGAGE, LLC | $125,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $105,000 | $115,000 | 9.5% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $115,000 | n/a | 0.0% | |
| Logan Finance Corporation | $115,000 | n/a | 0.0% | |
| MIDLAND MORTGAGE CORPORATION | $125,000 | $115,000 | -8.0% | 0.0% |
| TEACHERS | $115,000 | n/a | 0.0% | |
| Alcova Mortgage LLC | $105,000 | n/a | 0.0% | |
| General Mortgage Capital Corporation | $105,000 | n/a | 0.0% | |
| Axos Bank | $125,000 | $95,000 | -24.0% | 0.0% |
| COUNTRYPLACE MORTGAGE, LTD. | $180,000 | $95,000 | -47.2% | 0.0% |
| FirstTrust Home Loans, Inc. | $285,000 | $95,000 | -66.7% | 0.0% |
| LOANPAL, LLC | $205,000 | $95,000 | -53.7% | 0.0% |
| CSL Financial, LLC | $315,000 | $85,000 | -73.0% | 0.0% |
| MORIA DEVELOPMENT, INC. | $85,000 | n/a | 0.0% | |
| Princeton Mortgage Corporation | $85,000 | n/a | 0.0% | |
| Citibank | $105,000 | $75,000 | -28.6% | 0.0% |
| Fifth Third Bank | $630,000 | $75,000 | -88.1% | 0.0% |
| SUMMIT FUNDING, INC. | $75,000 | n/a | 0.0% | |
| Beeline Loans, Inc. | $420,000 | $65,000 | -84.5% | 0.0% |
| Blue Ridge Bank | $65,000 | n/a | 0.0% | |
| HIWAY | $65,000 | n/a | 0.0% | |
| HomeTrust Bank | $65,000 | n/a | 0.0% | |
| MASSMUTUAL | $65,000 | n/a | 0.0% | |
| MidFirst Bank | $65,000 | n/a | 0.0% | |
| NAVIGATOR CU | $65,000 | n/a | 0.0% | |
| AlaTrust Credit Union | $135,000 | $55,000 | -59.3% | 0.0% |
| First Federal Bank of Kansas City | $55,000 | n/a | 0.0% | |
| Five Star Credit Union | $55,000 | n/a | 0.0% | |
| FLAT BRANCH MORTGAGE, INC. | $55,000 | n/a | 0.0% | |
| GTE Federal Credit Union | $45,000 | $55,000 | 22.2% | 0.0% |
| Citizens Bank Inc | $45,000 | n/a | 0.0% | |
| Service Federal Credit Union | $65,000 | $35,000 | -46.2% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $25,000 | $25,000 | 0.0% | 0.0% |
| KEESLER | $365,000 | $25,000 | -93.2% | 0.0% |
| Liberty Bank and Trust Company | $330,000 | $25,000 | -92.4% | 0.0% |
| Tyndall Federal Credit Union | $700,000 | $25,000 | -96.4% | 0.0% |
MONTGOMERY's top lender by overall market share is Trustmark National Bank, with 7.8% market share. In second place, with 7.7%, is GUILD MORTGAGE COMPANY, having originated $105,590,000 in loans. In third place, with 5.9%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $81,650,000 in loans. In fourth place, with 5.7%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $79,200,000 in loans. In fifth place, with 3.9%, is QUICKEN LOANS, LLC, having originated $53,820,000 in loans.
MONTGOMERY, AL 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 |
|---|---|---|---|---|---|---|
| 35010 | Montgomery, AL MSA | $580 | $690 | $830 | $1,050 | $1,350 |
| 35136 | Montgomery, AL MSA | $720 | $820 | $980 | $1,240 | $1,600 |
| 36003 | Montgomery, AL MSA | $580 | $690 | $830 | $1,050 | $1,350 |
| 36006 | Montgomery, AL MSA | $580 | $690 | $830 | $1,050 | $1,350 |
| 36008 | Montgomery, AL MSA | $790 | $900 | $1,080 | $1,370 | $1,760 |
| 36013 | Montgomery, AL MSA | $700 | $800 | $960 | $1,220 | $1,570 |
| 36020 | Montgomery, AL MSA | $670 | $760 | $910 | $1,160 | $1,490 |
| 36022 | Montgomery, AL MSA | $630 | $720 | $860 | $1,090 | $1,400 |
| 36024 | Montgomery, AL MSA | $580 | $690 | $830 | $1,050 | $1,350 |
| 36025 | Montgomery, AL MSA | $760 | $860 | $1,030 | $1,310 | $1,680 |
| 36026 | Montgomery, AL MSA | $580 | $690 | $830 | $1,050 | $1,350 |
| 36029 | Montgomery, AL MSA | $700 | $800 | $960 | $1,220 | $1,570 |
| 36032 | Montgomery, AL MSA | $580 | $690 | $830 | $1,050 | $1,350 |
| 36036 | Montgomery, AL MSA | $580 | $690 | $830 | $1,050 | $1,350 |
| 36040 | Montgomery, AL MSA | $580 | $690 | $830 | $1,050 | $1,350 |
| 36041 | Montgomery, AL MSA | $700 | $800 | $960 | $1,220 | $1,570 |
| 36043 | Montgomery, AL MSA | $830 | $950 | $1,130 | $1,440 | $1,840 |
| 36046 | Montgomery, AL MSA | $700 | $800 | $960 | $1,220 | $1,570 |
| 36047 | Montgomery, AL MSA | $620 | $710 | $850 | $1,070 | $1,380 |
| 36051 | Montgomery, AL MSA | $700 | $790 | $950 | $1,220 | $1,510 |
| 36052 | Montgomery, AL MSA | $780 | $900 | $1,070 | $1,360 | $1,760 |
| 36054 | Montgomery, AL MSA | $670 | $770 | $920 | $1,170 | $1,500 |
| 36064 | Montgomery, AL MSA | $1,000 | $1,150 | $1,370 | $1,740 | $2,240 |
| 36066 | Montgomery, AL MSA | $880 | $1,000 | $1,200 | $1,520 | $1,960 |
| 36067 | Montgomery, AL MSA | $710 | $810 | $970 | $1,230 | $1,580 |
| 36068 | Montgomery, AL MSA | $790 | $900 | $1,080 | $1,370 | $1,760 |
| 36069 | Montgomery, AL MSA | $580 | $690 | $830 | $1,050 | $1,350 |
| 36078 | Montgomery, AL MSA | $580 | $690 | $830 | $1,050 | $1,350 |
| 36080 | Montgomery, AL MSA | $670 | $770 | $920 | $1,160 | $1,490 |
| 36091 | Montgomery, AL MSA | $600 | $690 | $830 | $1,050 | $1,350 |
| 36092 | Montgomery, AL MSA | $690 | $790 | $940 | $1,190 | $1,530 |
| 36093 | Montgomery, AL MSA | $1,000 | $1,140 | $1,360 | $1,730 | $2,220 |
| 36101 | Montgomery, AL MSA | $700 | $800 | $960 | $1,220 | $1,570 |
| 36102 | Montgomery, AL MSA | $700 | $800 | $960 | $1,220 | $1,570 |
| 36103 | Montgomery, AL MSA | $700 | $800 | $960 | $1,220 | $1,570 |
| 36104 | Montgomery, AL MSA | $590 | $690 | $830 | $1,050 | $1,350 |
| 36105 | Montgomery, AL MSA | $670 | $770 | $920 | $1,170 | $1,500 |
| 36106 | Montgomery, AL MSA | $780 | $890 | $1,060 | $1,350 | $1,730 |
| 36107 | Montgomery, AL MSA | $630 | $720 | $860 | $1,090 | $1,400 |
| 36108 | Montgomery, AL MSA | $580 | $690 | $830 | $1,050 | $1,350 |
| 36109 | Montgomery, AL MSA | $760 | $860 | $1,030 | $1,310 | $1,680 |
| 36110 | Montgomery, AL MSA | $660 | $750 | $900 | $1,140 | $1,470 |
| 36111 | Montgomery, AL MSA | $670 | $770 | $920 | $1,170 | $1,500 |
| 36112 | Montgomery, AL MSA | $830 | $1,000 | $1,190 | $1,510 | $1,950 |
| 36113 | Montgomery, AL MSA | $1,080 | $1,230 | $1,470 | $1,870 | $2,400 |
| 36114 | Montgomery, AL MSA | $700 | $800 | $960 | $1,220 | $1,570 |
| 36115 | Montgomery, AL MSA | $1,080 | $1,230 | $1,470 | $1,870 | $2,400 |
| 36116 | Montgomery, AL MSA | $730 | $830 | $990 | $1,260 | $1,620 |
| 36117 | Montgomery, AL MSA | $840 | $960 | $1,150 | $1,460 | $1,880 |
| 36119 | Montgomery, AL MSA | $700 | $800 | $960 | $1,220 | $1,570 |
| 36120 | Montgomery, AL MSA | $700 | $800 | $960 | $1,220 | $1,570 |
| 36121 | Montgomery, AL MSA | $700 | $800 | $960 | $1,220 | $1,570 |
| 36123 | Montgomery, AL MSA | $700 | $800 | $960 | $1,220 | $1,570 |
| 36124 | Montgomery, AL MSA | $700 | $800 | $960 | $1,220 | $1,570 |
| 36125 | Montgomery, AL MSA | $700 | $800 | $960 | $1,220 | $1,570 |
| 36130 | Montgomery, AL MSA | $700 | $800 | $960 | $1,220 | $1,570 |
| 36131 | Montgomery, AL MSA | $700 | $800 | $960 | $1,220 | $1,570 |
| 36701 | Montgomery, AL MSA | $580 | $690 | $830 | $1,050 | $1,350 |
| 36703 | Montgomery, AL MSA | $580 | $690 | $830 | $1,050 | $1,350 |
| 36749 | Montgomery, AL MSA | $580 | $690 | $830 | $1,050 | $1,350 |
| 36752 | Montgomery, AL MSA | $590 | $690 | $830 | $1,050 | $1,350 |
| 36758 | Montgomery, AL MSA | $640 | $690 | $830 | $1,080 | $1,350 |
| 36761 | Montgomery, AL MSA | $580 | $690 | $830 | $1,050 | $1,350 |
| 36775 | Montgomery, AL MSA | $580 | $690 | $830 | $1,050 | $1,350 |
| 36785 | Montgomery, AL MSA | $590 | $690 | $830 | $1,050 | $1,350 |
2022 Average & Median Rent Data Statistics
MONTGOMERY, AL average 1BR rent: $801, median: $800
MONTGOMERY, AL average 2BR rent: $960, median: $960
MONTGOMERY, AL average 3BR rent: $1,218, median: $1,220
MONTGOMERY, AL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 4,335 | $1,055,585,000 | $243,503 |
| Cash Out Refi | 983 | $158,865,000 | $161,612 |
| Refi | 546 | $105,740,000 | $193,663 |
| Other | 428 | $38,980,000 | $91,075 |
| Home Improvement | 265 | $19,535,000 | $73,717 |
Montgomery's most frequently cited loan purpose was Home Purchase, with 4,335 originations. The 2nd most popular reason was Cash Out Refi, with 983 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 2,390 | $555,540,000 | $232,444 |
| 7-8% | 1,652 | $319,650,000 | $193,493 |
| Over 8% | 1,171 | $111,845,000 | $95,512 |
| 5-6% | 984 | $262,020,000 | $266,280 |
| 4-5% | 99 | $23,435,000 | $236,717 |
| 3-4% | 46 | $17,980,000 | $390,870 |
| <2.5% | 26 | $5,070,000 | $195,000 |
| 2.5-3% | 14 | $3,280,000 | $234,286 |
During 2023, Montgomery's most frequently originated rate bucket was 6-7%, with 2,390 originations.
Loan Sizing (MONTGOMERY, AL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,142 | $598,690,000 | $279,500 |
| $100k-200k | 2,030 | $298,710,000 | $147,148 |
| $100,000 or less | 1,840 | $98,780,000 | $53,685 |
| $400k-600k | 428 | $200,120,000 | $467,570 |
| $600k-1000k | 84 | $61,240,000 | $729,048 |
| $Over $1MM | 33 | $121,165,000 | $3,671,667 |
MONTGOMERY's loan sizing saw the bucket of loans from $200k-400k with 2,142 originations, totaling $598,690,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 3,241 | $792,845,000 | $244,630 |
| 60-80% | 1,202 | $278,440,000 | $231,647 |
| Under 20% | 726 | $27,260,000 | $37,548 |
| 20-40% | 546 | $57,270,000 | $104,890 |
| 40-60% | 399 | $84,805,000 | $212,544 |
| Over 100% | 246 | $75,480,000 | $306,829 |
MONTGOMERY's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,241 originations, totaling $792,845,000 in origination value.