MONTGOMERY Mortgage Rates
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% |
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.).
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.