Mount Gay - Shamrock Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Mount Gay - Shamrock averaged 5.92% for the week of 2024-10-03, compared to the national average of 6.12% for the same period.

The average rate for the prior week (2024-09-26) was 6.28% and one month ago for the week of 2024-08-29, the average rate was 6.25%.

Mount Gay - Shamrock's average rate one year ago was 7.31%.

For refis of the same type during the week of 2024-10-03, the average rate was 6.42%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-03 6.12%
Mount Gay - Shamrock 30 Year Fixed Rate 2024-10-03 5.92%
Mount Gay - Shamrock 30 Year Fixed Rate Refi 2024-10-03 6.42%
Mount Gay - Shamrock 15 Year Fixed Rate 2024-10-03 5.05%
Mount Gay - Shamrock 15 Year Fixed Rate Refi 2024-10-03 5.95%
Mount Gay - Shamrock 30 Year FHA 2024-10-03 5.89%
Mount Gay - Shamrock 30 Year FHA Refi 2024-10-03 5.89%
Mount Gay - Shamrock 30 Year USDA 2024-10-03 5.77%
Mount Gay - Shamrock 30 Year USDA Refi 2024-10-03 5.77%
Mount Gay - Shamrock 30 Year VA 2024-10-03 5.4%
Mount Gay - Shamrock 30 Year VA Refi 2024-10-03 5.8%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Mount Gay-Shamrock, WV.

Mount Gay - Shamrock 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 Mount Gay-Shamrock, WV 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
LOANDEPOT.COM, LLC 9 6.48% $3,424
QUICKEN LOANS, LLC 4 6.96% $3,956
MOVEMENT MORTGAGE, LLC 2 7.03% $4,880
Gateway First Bank 2 6.38% $3,024
JPMorgan Chase Bank 2 7.31% $3,884
United Bank 2 6.75% $3,213
ZILLOW HOME LOANS, LLC 1 8.63% $4,369
Fifth Third Bank 1 7.50% $2,711
First Community Bank 1 8.13% $2,362
Peoples Bank 1 7.13% $3,453
Truist 1 6.49% $3,509
CROSSCOUNTRY MORTGAGE, LLC 1 8.63% $3,808

Mount Gay - Shamrock Average Closing Costs & Other Stats

Mount Gay-Shamrock, WV's 12 lenders originated 263 loans during 2023. The total origination value was $28,565,000, with an average loan value of $108,612.

Mount Gay - Shamrock's average closing costs are $4,792.

The top Mount Gay - Shamrock lender as defined by loan originations is LOANDEPOT.COM, LLC, with 9 loans originated. Their average total fees are $3,424, which is $532 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Mount Gay - Shamrock lenders (with over 10 loans originated) are .

The lowest rate Mount Gay - Shamrock lenders (with over 10 loans originated) are .

Mount Gay-Shamrock, WV 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
Logan Bank & Trust Company $11,985,000 $10,735,000 -10.4% 37.6%
LOANDEPOT.COM, LLC $2,090,000 $5,410,000 158.9% 18.9%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,590,000 $1,975,000 24.2% 6.9%
MOVEMENT MORTGAGE, LLC $520,000 $1,695,000 226.0% 5.9%
QUICKEN LOANS, LLC $6,050,000 $1,460,000 -75.9% 5.1%
Gateway First Bank $1,570,000 $1,200,000 -23.6% 4.2%
Truist $790,000 $685,000 -13.3% 2.4%
Mortgage Research Center, LLC $1,845,000 $590,000 -68.0% 2.1%
Peoples Bank $945,000 $550,000 -41.8% 1.9%
Victorian Finance, LLC $5,040,000 $505,000 -90.0% 1.8%
JPMorgan Chase Bank $225,000 $450,000 100.0% 1.6%
Whitesville State Bank $405,000 n/a 1.4%
Summit Community Bank, Inc. $270,000 n/a 0.9%
The Poca Valley Bank, Inc. $35,000 $245,000 600.0% 0.9%
AmeriHome Mortgage Company, LLC $235,000 n/a 0.8%
United Bank $700,000 $235,000 -66.4% 0.8%
TRIAD FINANCIAL SERVICES, INC. $220,000 n/a 0.8%
WesBanco $220,000 n/a 0.8%
U.S. Bank $65,000 $200,000 207.7% 0.7%
First Community Bank $205,000 $160,000 -22.0% 0.6%
TOTAL MORTGAGE SERVICES, LLC $155,000 n/a 0.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $625,000 $130,000 -79.2% 0.5%
Alcova Mortgage LLC $115,000 n/a 0.4%
BAYER HERITAGE $90,000 n/a 0.3%
City National Bank of West Virginia $360,000 $90,000 -75.0% 0.3%
AMERISAVE MORTGAGE CORPORATION $355,000 $65,000 -81.7% 0.2%
Fifth Third Bank $125,000 $65,000 -48.0% 0.2%
ROYAL UNITED MORTGAGE LLC $85,000 $65,000 -23.5% 0.2%
ZILLOW HOME LOANS, LLC $65,000 n/a 0.2%
ASHLAND Credit Union $315,000 $55,000 -82.5% 0.2%
CROSSCOUNTRY MORTGAGE, LLC $55,000 n/a 0.2%
BROKER SOLUTIONS, INC. $315,000 $45,000 -85.7% 0.2%
Community Trust Bank, Inc. $560,000 $45,000 -92.0% 0.2%
FREEDOM MORTGAGE CORPORATION $145,000 $45,000 -69.0% 0.2%
ALTRA $35,000 n/a 0.1%

Mount Gay - Shamrock's top lender by overall market share is Logan Bank & Trust Company, with 37.6% market share. In second place, with 18.9%, is LOANDEPOT.COM, LLC, having originated $5,410,000 in loans. In third place, with 6.9%, is VANDERBILT MORTGAGE AND FINANCE, INC., having originated $1,975,000 in loans. In fourth place, with 5.9%, is MOVEMENT MORTGAGE, LLC, having originated $1,695,000 in loans. In fifth place, with 5.1%, is QUICKEN LOANS, LLC, having originated $1,460,000 in loans.

Mount Gay-Shamrock, WV Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 182 $22,290,000 $122,473
Home Improvement 32 $1,960,000 $61,250
Refi 25 $2,175,000 $87,000
Other 12 $780,000 $65,000
Cash Out Refi 12 $1,360,000 $113,333

Mount Gay - Shamrock's most frequently cited loan purpose was Home Purchase, with 182 originations. The 2nd most popular reason was Home Improvement, with 32 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 37 $4,385,000 $118,514
6-7% 37 $4,905,000 $132,568
7-8% 36 $4,290,000 $119,167
Over 8% 33 $3,115,000 $94,394
3-4% 5 $315,000 $63,000
<2.5% 3 $95,000 $31,667
4-5% 1 $75,000 $75,000

During 2023, Mount Gay - Shamrock's most frequently originated rate bucket was 5-6%, with 37 originations.

Loan Sizing (Mount Gay-Shamrock, WV MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 144 $8,480,000 $58,889
$100k-200k 92 $13,090,000 $142,283
$200k-400k 26 $6,590,000 $253,462
$400k-600k 1 $405,000 $405,000

Mount Gay - Shamrock's loan sizing saw the bucket of loans from $100,000 or less with 144 originations, totaling $8,480,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 107 $13,735,000 $128,364
60-80% 20 $2,080,000 $104,000
20-40% 9 $455,000 $50,556
40-60% 8 $640,000 $80,000
Under 20% 8 $270,000 $33,750

Mount Gay - Shamrock's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 107 originations, totaling $13,735,000 in origination value.