Morehead City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Morehead City averaged
6.55%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
6.59% and
one month ago for the week of 2023-08-10, the
average rate was 6.23%.
Morehead City's average rate one year ago was 5.26%.
For refis of the same type during the week of 2023-09-14, the average rate
was 5.62%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Morehead City 30 Year Fixed Rate | 2023-09-14 | 6.55% |
| Morehead City 30 Year Fixed Rate Refi | 2023-09-14 | 5.62% |
| Morehead City 15 Year Fixed Rate | 2023-09-14 | 6.09% |
| Morehead City 15 Year Fixed Rate Refi | 2023-09-14 | 5.6% |
| Morehead City 30 Year FHA | 2023-09-14 | 6.53% |
| Morehead City 30 Year FHA Refi | 2023-09-14 | 6.89% |
| Morehead City 30 Year USDA | 2023-09-14 | 7.08% |
| Morehead City 30 Year USDA Refi | 2023-09-14 | 6.78% |
| Morehead City 30 Year VA | 2023-09-14 | 6.14% |
| Morehead City 30 Year VA Refi | 2023-09-14 | 7.01% |
Morehead City 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 Morehead City, NC market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Morehead City Average Closing Costs & Other Stats
Morehead City, NC's 184 lenders originated 3,155
loans during 2022. The total origination value was $1,000,525,000, with an average loan value of
$317,124.
Morehead City's average closing costs are $4,527.
The top Morehead City lender as defined by loan originations is STATE EMPLOYEES', with
208 loans originated. Their average total fees are
$4,211, which is $1,146
lower than the next largest lender,
Corporate Investors Mortgage Group, Inc..
The lowest fee Morehead City lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($2,721), COASTAL Federal Credit Union ($3,112), First Bank ($3,585), LOCAL GOVERNMENT FEDERAL CREDIT UNION ($3,699) and NAVY FEDERAL CREDIT UNION ($3,980).
The lowest rate Morehead City lenders (with over 10 loans originated) are
LOANDEPOT.COM, LLC (3.76%), First Bank (3.76%), First National Bank of Pennsylvania (3.78%), STATE EMPLOYEES' (3.89%) and Southern Bank and Trust Company (3.98%).
Morehead City, NC 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| STATE EMPLOYEES' | $91,595,000 | $107,145,000 | 17.0% | 10.7% |
| First-Citizens Bank & Trust Company | $79,865,000 | $71,825,000 | -10.1% | 7.2% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $77,400,000 | $50,945,000 | -34.2% | 5.1% |
| Truist | $86,430,000 | $50,850,000 | -41.2% | 5.1% |
| Corporate Investors Mortgage Group, Inc. | $83,305,000 | $45,745,000 | -45.1% | 4.6% |
| QUICKEN LOANS, LLC | $112,665,000 | $41,140,000 | -63.5% | 4.1% |
| MOVEMENT MORTGAGE, LLC | $50,450,000 | $29,765,000 | -41.0% | 3.0% |
| NAVY FEDERAL CREDIT UNION | $48,385,000 | $27,725,000 | -42.7% | 2.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $25,360,000 | $24,080,000 | -5.0% | 2.4% |
| First Bank | $23,850,000 | $23,775,000 | -0.3% | 2.4% |
| First National Bank of Pennsylvania | $12,020,000 | $22,850,000 | 90.1% | 2.3% |
| Wells Fargo Bank | $41,295,000 | $22,480,000 | -45.6% | 2.2% |
| Southern Bank and Trust Company | $28,425,000 | $22,370,000 | -21.3% | 2.2% |
| American Security Mortgage Corp. | $52,270,000 | $19,815,000 | -62.1% | 2.0% |
| COASTAL Federal Credit Union | $11,065,000 | $18,100,000 | 63.6% | 1.8% |
| PNC Bank | $15,720,000 | $14,305,000 | -9.0% | 1.4% |
| GUARANTEED RATE, INC. | $25,225,000 | $14,300,000 | -43.3% | 1.4% |
| Towne Bank | $20,500,000 | $13,005,000 | -36.6% | 1.3% |
| JPMorgan Chase Bank | $5,960,000 | $10,185,000 | 70.9% | 1.0% |
| WALKER & DUNLOP, LLC | $9,185,000 | n/a | 0.9% | |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $7,470,000 | $8,925,000 | 19.5% | 0.9% |
| Mortgage Research Center, LLC | $16,385,000 | $8,725,000 | -46.8% | 0.9% |
| TD Bank | $3,605,000 | $8,475,000 | 135.1% | 0.8% |
| West Town Bank & Trust | $13,560,000 | $8,460,000 | -37.6% | 0.8% |
| Bank of America | $15,065,000 | $7,860,000 | -47.8% | 0.8% |
| United Bank | $5,250,000 | $7,730,000 | 47.2% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $32,905,000 | $7,720,000 | -76.5% | 0.8% |
| CMG MORTGAGE, INC. | $2,685,000 | $7,440,000 | 177.1% | 0.7% |
| LOANDEPOT.COM, LLC | $23,040,000 | $6,890,000 | -70.1% | 0.7% |
| HOME POINT FINANCIAL CORPORATION | $22,895,000 | $6,545,000 | -71.4% | 0.7% |
| DHI MORTGAGE COMPANY, LTD. | $8,900,000 | $6,445,000 | -27.6% | 0.6% |
| EQUITY RESOURCES, INC. | $15,670,000 | $5,930,000 | -62.2% | 0.6% |
| UNION HOME MORTGAGE CORP. | $19,050,000 | $5,640,000 | -70.4% | 0.6% |
| Morgan Stanley Private Bank | $2,020,000 | $5,570,000 | 175.7% | 0.6% |
| First Carolina Bank | $820,000 | $5,390,000 | 557.3% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $11,015,000 | $5,310,000 | -51.8% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $8,275,000 | $4,870,000 | -41.1% | 0.5% |
| INTERCOASTAL MORTGAGE COMPANY | $5,285,000 | $4,870,000 | -7.9% | 0.5% |
| Renasant Bank | $5,650,000 | $4,715,000 | -16.5% | 0.5% |
| North State Bank | $7,090,000 | $4,705,000 | -33.6% | 0.5% |
| Ameris Bank | $2,515,000 | $4,620,000 | 83.7% | 0.5% |
| CALIBER HOME LOANS, INC. | $7,410,000 | $4,505,000 | -39.2% | 0.5% |
| ANGEL OAK HOME LOANS LLC | $11,900,000 | $4,285,000 | -64.0% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $15,745,000 | $4,055,000 | -74.2% | 0.4% |
| Pinnacle Bank | $2,930,000 | $4,040,000 | 37.9% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,705,000 | $4,030,000 | 136.4% | 0.4% |
| Alpha Mortgage Corporation | $5,880,000 | $3,865,000 | -34.3% | 0.4% |
| T2 FINANCIAL LLC | $7,050,000 | $3,730,000 | -47.1% | 0.4% |
| U.S. Bank | $6,190,000 | $3,520,000 | -43.1% | 0.4% |
| Wyndham Capital Mortgage, Inc. | $4,545,000 | $3,505,000 | -22.9% | 0.4% |
| BROKER SOLUTIONS, INC. | $2,805,000 | $3,480,000 | 24.1% | 0.3% |
| Union Bank | $2,025,000 | $3,455,000 | 70.6% | 0.3% |
| Southern First Bank | $5,500,000 | $3,450,000 | -37.3% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $14,300,000 | $3,360,000 | -76.5% | 0.3% |
| Towne Mortgage of the Carolinas, LLC | $490,000 | $3,305,000 | 574.5% | 0.3% |
| BETTER MORTGAGE CORPORATION | $10,670,000 | $3,285,000 | -69.2% | 0.3% |
| Alcova Mortgage LLC | $12,785,000 | $3,185,000 | -75.1% | 0.3% |
| George Mason Mortgage, LLC | $3,550,000 | $3,170,000 | -10.7% | 0.3% |
| RESOURCE FINANCIAL SERVICES, INC. | $1,500,000 | $3,115,000 | 107.7% | 0.3% |
| HOMESIDE FINANCIAL, LLC | $6,460,000 | $2,920,000 | -54.8% | 0.3% |
| USAA Federal Savings Bank | $7,540,000 | $2,890,000 | -61.7% | 0.3% |
| Northpointe Bank | $3,555,000 | $2,870,000 | -19.3% | 0.3% |
| United Community Bank | $7,500,000 | $2,545,000 | -66.1% | 0.3% |
| HomeTrust Bank | $1,915,000 | $2,510,000 | 31.1% | 0.3% |
| Gateway First Bank | $1,910,000 | $2,455,000 | 28.5% | 0.2% |
| Ally Bank | $705,000 | $2,450,000 | 247.5% | 0.2% |
| The Central Trust Bank | $460,000 | $2,450,000 | 432.6% | 0.2% |
| Prosperity Home Mortgage, LLC | $2,540,000 | $2,390,000 | -5.9% | 0.2% |
| NEWREZ LLC | $4,390,000 | $2,350,000 | -46.5% | 0.2% |
| The Federal Savings Bank | $1,915,000 | $2,340,000 | 22.2% | 0.2% |
| Blue Ridge Bank | $2,830,000 | $2,190,000 | -22.6% | 0.2% |
| Atlantic Coast Mortgage, LLC | $1,520,000 | $2,155,000 | 41.8% | 0.2% |
| ACADEMY MORTGAGE CORPORATION | $2,460,000 | $2,025,000 | -17.7% | 0.2% |
| Regions Bank | $4,055,000 | $1,965,000 | -51.5% | 0.2% |
| GoPrime Mortgage, Inc. | $3,470,000 | $1,840,000 | -47.0% | 0.2% |
| Flagstar Bank, FSB | $7,835,000 | $1,820,000 | -76.8% | 0.2% |
| Availa Bank | $1,940,000 | $1,760,000 | -9.3% | 0.2% |
| First Heritage Mortgage, LLC | $3,310,000 | $1,750,000 | -47.1% | 0.2% |
| NexBank | $1,740,000 | n/a | 0.2% | |
| EMBRACE HOME LOANS, INC. | $485,000 | $1,730,000 | 256.7% | 0.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,530,000 | $1,675,000 | -33.8% | 0.2% |
| GUILD MORTGAGE COMPANY | $490,000 | $1,625,000 | 231.6% | 0.2% |
| The Fidelity Bank | $5,745,000 | $1,605,000 | -72.1% | 0.2% |
| BNC National Bank | $1,655,000 | $1,545,000 | -6.6% | 0.2% |
| Bank of England | $1,275,000 | $1,505,000 | 18.0% | 0.2% |
| NEW DAY FINANCIAL, LLC | $4,515,000 | $1,490,000 | -67.0% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $7,135,000 | $1,475,000 | -79.3% | 0.1% |
| First Mortgage Solutions, LLC | $1,480,000 | $1,375,000 | -7.1% | 0.1% |
| NBKC BANK | $3,890,000 | $1,335,000 | -65.7% | 0.1% |
| CAPITAL CENTER, L.L.C. | $1,720,000 | $1,325,000 | -23.0% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $7,640,000 | $1,295,000 | -83.0% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $2,295,000 | $1,295,000 | -43.6% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $565,000 | $1,225,000 | 116.8% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,165,000 | $1,205,000 | -44.3% | 0.1% |
| PHH Mortgage Corporation | $370,000 | $1,190,000 | 221.6% | 0.1% |
| FIRST FLIGHT FEDERAL CREDIT UNION | $5,375,000 | $1,165,000 | -78.3% | 0.1% |
| PIKE CREEK MORTGAGE SERVICES, INC. | $1,165,000 | n/a | 0.1% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,510,000 | $1,165,000 | -22.8% | 0.1% |
| SeaTrust Mortgage Company | $1,120,000 | $1,155,000 | 3.1% | 0.1% |
| The Park National Bank | $1,155,000 | n/a | 0.1% | |
| PROPONENT Federal Credit Union | $105,000 | $1,150,000 | 995.2% | 0.1% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $6,980,000 | $1,135,000 | -83.7% | 0.1% |
| RAPID MORTGAGE COMPANY | $1,710,000 | $1,130,000 | -33.9% | 0.1% |
| SOUTHERN TRUST MORTGAGE, LLC | $1,530,000 | $1,130,000 | -26.1% | 0.1% |
| HOMESTAR FINANCIAL CORPORATION | $1,115,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $1,060,000 | $1,105,000 | 4.2% | 0.1% |
| NEXERA HOLDING LLC | $1,090,000 | n/a | 0.1% | |
| North American Savings Bank, F.S.B. | $3,340,000 | $1,085,000 | -67.5% | 0.1% |
| American National Bank and Trust Company | $835,000 | $1,080,000 | 29.3% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $3,005,000 | $1,040,000 | -65.4% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,045,000 | $1,030,000 | -1.4% | 0.1% |
| Amalgamated Bank | $865,000 | $1,005,000 | 16.2% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,185,000 | $1,000,000 | -15.6% | 0.1% |
| CLEARPATH LENDING | $1,815,000 | $985,000 | -45.7% | 0.1% |
| Equity Prime Mortgage LLC | $275,000 | $980,000 | 256.4% | 0.1% |
| Carrington Mortgage Services, LLC | $2,840,000 | $950,000 | -66.5% | 0.1% |
| Farmers & Merchants Bank | $950,000 | n/a | 0.1% | |
| CIVIC FINANCIAL SERVICES, LLC | $440,000 | $945,000 | 114.8% | 0.1% |
| Quontic Bank | $935,000 | n/a | 0.1% | |
| Paragon Bank | $930,000 | n/a | 0.1% | |
| MCLEAN MORTGAGE CORPORATION | $1,735,000 | $910,000 | -47.6% | 0.1% |
| First Bank & Trust | $905,000 | n/a | 0.1% | |
| Citibank | $265,000 | $890,000 | 235.8% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,135,000 | $885,000 | -22.0% | 0.1% |
| KS Bank, Inc. | $2,975,000 | $875,000 | -70.6% | 0.1% |
| CSL Financial, LLC | $85,000 | $870,000 | 923.5% | 0.1% |
| Truliant Federal Credit Union | $580,000 | $860,000 | 48.3% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $460,000 | $845,000 | 83.7% | 0.1% |
| AMERICAN FINANCING CORPORATION | $2,150,000 | $840,000 | -60.9% | 0.1% |
| Strong Home Mortgage, LLC | $710,000 | $830,000 | 16.9% | 0.1% |
| FIRST TECHNOLOGY | $825,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $1,370,000 | $820,000 | -40.1% | 0.1% |
| ATHAS CAPITAL GROUP, INC. | $175,000 | $805,000 | 360.0% | 0.1% |
| Armed Forces Bank | $355,000 | $790,000 | 122.5% | 0.1% |
| BancorpSouth Bank | $775,000 | n/a | 0.1% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $1,000,000 | $755,000 | -24.5% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $750,000 | n/a | 0.1% | |
| GENEVA FINANCIAL, LLC | $380,000 | $720,000 | 89.5% | 0.1% |
| AmRes Corporation | $1,000,000 | $715,000 | -28.5% | 0.1% |
| Atlantic Union Bank | $155,000 | $700,000 | 351.6% | 0.1% |
| CityWorth Mortgage LLC | $680,000 | n/a | 0.1% | |
| Plains Commerce Bank | $680,000 | n/a | 0.1% | |
| UBS Bank USA | $675,000 | n/a | 0.1% | |
| Firefighters First Federal Credit Union | $635,000 | n/a | 0.1% | |
| Roxboro Savings Bank SSB | $360,000 | $635,000 | 76.4% | 0.1% |
| JMJ FINANCIAL GROUP | $625,000 | n/a | 0.1% | |
| SHARONVIEW FEDERAL CREDIT UNION | $620,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $3,865,000 | $615,000 | -84.1% | 0.1% |
| Fifth Third Bank | $5,375,000 | $605,000 | -88.7% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $2,065,000 | $600,000 | -70.9% | 0.1% |
| Texana Bank | $560,000 | $595,000 | 6.3% | 0.1% |
| First Horizon Bank | $2,320,000 | $585,000 | -74.8% | 0.1% |
| Bank OZK | $580,000 | n/a | 0.1% | |
| Figure Lending LLC | $530,000 | $580,000 | 9.4% | 0.1% |
| Low VA Rates, LLC | $560,000 | n/a | 0.1% | |
| AMERICAN ADVISORS GROUP | $935,000 | $555,000 | -40.6% | 0.1% |
| FIRST SAVINGS MORTGAGE CORPORATION | $555,000 | n/a | 0.1% | |
| Marine Federal Credit Union | $2,075,000 | $555,000 | -73.3% | 0.1% |
| CRESCENT MORTGAGE COMPANY | $1,425,000 | $550,000 | -61.4% | 0.1% |
| BNY Mellon | $2,530,000 | $545,000 | -78.5% | 0.1% |
| Select Bank | $535,000 | n/a | 0.1% | |
| Discover Bank | $525,000 | n/a | 0.1% | |
| Stifel Bank and Trust | $3,330,000 | $525,000 | -84.2% | 0.1% |
| First Home Bank | $395,000 | $520,000 | 31.6% | 0.1% |
| Amerifirst Financial, Inc. | $510,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $1,025,000 | $500,000 | -51.2% | 0.0% |
| First Bank | $23,850,000 | $495,000 | -97.9% | 0.0% |
| Nations Lending Corporation | $1,965,000 | $495,000 | -74.8% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $995,000 | $470,000 | -52.8% | 0.0% |
| MICHIGAN MUTUAL, INC. | $290,000 | $455,000 | 56.9% | 0.0% |
| First Guaranty Mortgage Corporation | $835,000 | $450,000 | -46.1% | 0.0% |
| PLANET HOME LENDING, LLC | $1,010,000 | $450,000 | -55.4% | 0.0% |
| MEMBER HOME LOAN, L.L.C. | $445,000 | n/a | 0.0% | |
| Acre Mortgage and Financial Inc | $435,000 | n/a | 0.0% | |
| Apple Federal Credit Union | $435,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $425,000 | n/a | 0.0% | |
| First State Bank of St. Charles, Missouri | $235,000 | $425,000 | 80.9% | 0.0% |
| LENDSURE MORTGAGE CORP. | $295,000 | $425,000 | 44.1% | 0.0% |
| NewTowne Mortgage, LLC | $425,000 | n/a | 0.0% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $410,000 | n/a | 0.0% | |
| CHARLOTTE METRO FEDERAL CREDIT UNION | $405,000 | n/a | 0.0% | |
| NFM, INC. | $3,425,000 | $400,000 | -88.3% | 0.0% |
| South State Bank | $4,320,000 | $395,000 | -90.9% | 0.0% |
| Capital City Home Loans, LLC | $115,000 | $390,000 | 239.1% | 0.0% |
| NASA Federal Credit Union | $195,000 | $390,000 | 100.0% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $385,000 | n/a | 0.0% | |
| Princeton Mortgage Corporation | $385,000 | n/a | 0.0% | |
| TEACHERS CREDIT UNION | $385,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $385,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $680,000 | $375,000 | -44.9% | 0.0% |
| Northwest Bank | $365,000 | n/a | 0.0% | |
| Trustmark National Bank | $365,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $945,000 | $360,000 | -61.9% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $3,825,000 | $360,000 | -90.6% | 0.0% |
| First Federal Bank | $1,600,000 | $350,000 | -78.1% | 0.0% |
| Bethpage Federal Credit Union | $145,000 | $345,000 | 137.9% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $740,000 | $345,000 | -53.4% | 0.0% |
| FIRST HOME MORTGAGE CORPORATION | $135,000 | $345,000 | 155.6% | 0.0% |
| RBC Bank, (Georgia) | $345,000 | n/a | 0.0% | |
| LOANPAL, LLC | $345,000 | $340,000 | -1.4% | 0.0% |
| SPRING EQ, LLC | $645,000 | $335,000 | -48.1% | 0.0% |
| MICHIGAN FIRST CREDIT UNION | $325,000 | n/a | 0.0% | |
| MLD MORTGAGE INC. | $355,000 | $325,000 | -8.5% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $315,000 | n/a | 0.0% | |
| INOVA FEDERAL CREDIT UNION | $315,000 | n/a | 0.0% | |
| STAR ONE CREDIT UNION | $315,000 | n/a | 0.0% | |
| Capital Bank | $275,000 | $305,000 | 10.9% | 0.0% |
| DIGITAL Federal Credit Union | $405,000 | $305,000 | -24.7% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $305,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $45,000 | $305,000 | 577.8% | 0.0% |
| TJC Mortgage, Inc. | $435,000 | $305,000 | -29.9% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,185,000 | $295,000 | -75.1% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $2,210,000 | $285,000 | -87.1% | 0.0% |
| EVERETT FINANCIAL, INC. | $285,000 | n/a | 0.0% | |
| BAY CAPITAL MORTGAGE CORPORATION | $275,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $275,000 | n/a | 0.0% | |
| THE MORTGAGE FIRM, INC. | $1,225,000 | $275,000 | -77.6% | 0.0% |
| Uwharrie Bank | $275,000 | n/a | 0.0% | |
| ADVANCIAL | $265,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $85,000 | $265,000 | 211.8% | 0.0% |
| Charles Schwab Bank, SSB | $2,960,000 | $265,000 | -91.0% | 0.0% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $3,065,000 | $265,000 | -91.4% | 0.0% |
| Mortgage Assurance Inc. | $1,685,000 | $265,000 | -84.3% | 0.0% |
| ROSS MORTGAGE CORPORATION | $830,000 | $265,000 | -68.1% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $255,000 | n/a | 0.0% | |
| US MORTGAGE CORPORATION | $255,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,695,000 | $245,000 | -85.5% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $245,000 | n/a | 0.0% | |
| AgCarolina Farm Credit, FLCA | $1,490,000 | $235,000 | -84.2% | 0.0% |
| Independence Bank of Kentucky | $235,000 | n/a | 0.0% | |
| KeyBank | $1,340,000 | $235,000 | -82.5% | 0.0% |
| MILEND, INC. | $235,000 | n/a | 0.0% | |
| The Bank of LaFayette, Georgia | $445,000 | $235,000 | -47.2% | 0.0% |
| Central Bank & Trust Company | $225,000 | n/a | 0.0% | |
| ALLEGACY FEDERAL CREDIT UNION | $190,000 | $205,000 | 7.9% | 0.0% |
| American Airlines Federal Credit Union | $790,000 | $205,000 | -74.1% | 0.0% |
| LADERA LENDING, INC. | $1,375,000 | $205,000 | -85.1% | 0.0% |
| Park Lane Finance Solutions, LLC | $755,000 | $205,000 | -72.8% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $465,000 | $200,000 | -57.0% | 0.0% |
| RESIDENTIAL BANCORP. | $195,000 | n/a | 0.0% | |
| Skyline National Bank | $195,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,040,000 | $185,000 | -82.2% | 0.0% |
| EMM LOANS LLC | $1,590,000 | $185,000 | -88.4% | 0.0% |
| First Federal Bank of the Midwest | $185,000 | n/a | 0.0% | |
| TOWER | $1,025,000 | $185,000 | -82.0% | 0.0% |
| MORTGAGE EQUITY PARTNERS LLC | $175,000 | n/a | 0.0% | |
| NTFN, INC. | $245,000 | $175,000 | -28.6% | 0.0% |
| Colonial Savings, F.A. | $165,000 | n/a | 0.0% | |
| RADIUS FINANCIAL GROUP INC. | $165,000 | n/a | 0.0% | |
| REVERSE MORTGAGE FUNDING LLC | $765,000 | $165,000 | -78.4% | 0.0% |
| RTP Federal Credit Union | $165,000 | n/a | 0.0% | |
| COMMONWEALTH ONE FEDERAL CREDIT UNION | $155,000 | n/a | 0.0% | |
| EASTMAN | $155,000 | n/a | 0.0% | |
| Integrity Home Mortgage Corp | $420,000 | $155,000 | -63.1% | 0.0% |
| Paramount Bank | $155,000 | n/a | 0.0% | |
| 1ST SIGNATURE LENDING, LLC | $215,000 | $145,000 | -32.6% | 0.0% |
| BAYSHORE MORTGAGE FUNDING, LLC | $145,000 | n/a | 0.0% | |
| CAROLINAS TELCO FEDERAL CREDIT UNION | $145,000 | n/a | 0.0% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $145,000 | n/a | 0.0% | |
| CHERRY CREEK MORTGAGE, LLC | $135,000 | n/a | 0.0% | |
| ON Q FINANCIAL, INC. | $900,000 | $135,000 | -85.0% | 0.0% |
| AgFirst Farm Credit Bank | $305,000 | $115,000 | -62.3% | 0.0% |
| Carter Bank & Trust | $115,000 | n/a | 0.0% | |
| Community Trust Bank, Inc. | $115,000 | n/a | 0.0% | |
| The Huntington National Bank | $1,500,000 | $110,000 | -92.7% | 0.0% |
| First National Bank of America | $105,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $95,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $930,000 | $85,000 | -90.9% | 0.0% |
| Arvest Bank | $75,000 | n/a | 0.0% | |
| CBM Mortgage, Inc. | $75,000 | n/a | 0.0% | |
| Victorian Finance, LLC | $485,000 | $75,000 | -84.5% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $65,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $55,000 | n/a | 0.0% | |
| DUKE UNIVERSITY FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $245,000 | $55,000 | -77.6% | 0.0% |
| LANGLEY | $145,000 | $45,000 | -69.0% | 0.0% |
| USAlliance Federal Credit Union | $25,000 | n/a | 0.0% |
Morehead City's top lender by overall market share is STATE EMPLOYEES', with 10.7% market share. In second place, with 7.2%, is First-Citizens Bank & Trust Company, having originated $71,825,000 in loans. In third place, with 5.1%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $50,945,000 in loans. In fourth place, with 5.1%, is Truist, having originated $50,850,000 in loans. In fifth place, with 4.6%, is Corporate Investors Mortgage Group, Inc., having originated $45,745,000 in loans.
Morehead City, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,667 | $646,945,000 | $388,089 |
| Refi | 480 | $141,460,000 | $294,708 |
| Cash Out Refi | 416 | $122,110,000 | $293,534 |
| Other | 345 | $58,605,000 | $169,870 |
| Home Improvement | 247 | $31,405,000 | $127,146 |
Morehead City's most frequently cited loan purpose was Home Purchase, with 1,667 originations. The 2nd most popular reason was Refi, with 480 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,027 | $328,715,000 | $320,073 |
| 4-5% | 644 | $217,710,000 | $338,059 |
| 5-6% | 597 | $199,005,000 | $333,342 |
| 2.5-3% | 349 | $101,815,000 | $291,734 |
| 6-7% | 281 | $76,955,000 | $273,861 |
| 7-8% | 91 | $25,385,000 | $278,956 |
| <2.5% | 81 | $27,295,000 | $336,975 |
| Over 8% | 55 | $7,365,000 | $133,909 |
During 2022, Morehead City's most frequently originated rate bucket was 3-4%, with 1,027 originations.
Loan Sizing (Morehead City, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,194 | $344,500,000 | $288,526 |
| $100k-200k | 747 | $109,275,000 | $146,285 |
| $400k-600k | 496 | $238,350,000 | $480,544 |
| $100,000 or less | 413 | $24,805,000 | $60,061 |
| $600k-1000k | 232 | $167,190,000 | $720,647 |
| $Over $1MM | 73 | $116,405,000 | $1,594,589 |
Morehead City's loan sizing saw the bucket of loans from $200k-400k with 1,194 originations, totaling $344,500,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 974 | $356,360,000 | $365,873 |
| 60-80% | 916 | $362,850,000 | $396,124 |
| 40-60% | 419 | $142,445,000 | $339,964 |
| 20-40% | 392 | $72,150,000 | $184,056 |
| Under 20% | 354 | $29,450,000 | $83,192 |
| Over 100% | 51 | $17,715,000 | $347,353 |
Morehead City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 974 originations, totaling $356,360,000 in origination value.