Mount Gay - Shamrock Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mount Gay - Shamrock averaged
6.99%
for the week of 2023-09-21, compared to the national average of
7.19% for the same period.
The average rate for the prior week (2023-09-14) was
7.38% and
one month ago for the week of 2023-08-17, the
average rate was 7.29%.
Mount Gay - Shamrock's average rate one year ago was 6.12%.
For refis of the same type during the week of 2023-09-21, the average rate
was 7.19%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
| Mount Gay - Shamrock 30 Year Fixed Rate | 2023-09-21 | 6.99% |
| Mount Gay - Shamrock 30 Year Fixed Rate Refi | 2023-09-21 | 7.19% |
| Mount Gay - Shamrock 15 Year Fixed Rate | 2023-09-21 | 6.44% |
| Mount Gay - Shamrock 15 Year Fixed Rate Refi | 2023-09-21 | 6.44% |
| Mount Gay - Shamrock 30 Year FHA | 2023-09-21 | 7.04% |
| Mount Gay - Shamrock 30 Year FHA Refi | 2023-09-21 | 6.84% |
| Mount Gay - Shamrock 30 Year USDA | 2023-09-21 | 6.92% |
| Mount Gay - Shamrock 30 Year USDA Refi | 2023-09-21 | 6.92% |
| Mount Gay - Shamrock 30 Year VA | 2023-09-21 | 6.92% |
| Mount Gay - Shamrock 30 Year VA Refi | 2023-09-21 | 6.82% |
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| QUICKEN LOANS, LLC | 14 | 5.04% | $6,440 |
| Victorian Finance, LLC | 8 | 5.16% | $5,136 |
| United Bank | 4 | 3.81% | $3,259 |
| Gateway First Bank | 3 | 5.58% | $2,602 |
| LOANDEPOT.COM, LLC | 2 | 4.25% | $4,374 |
| Truist | 2 | 5.09% | $4,215 |
| Community Trust Bank, Inc. | 2 | 5.13% | $1,971 |
| JPMorgan Chase Bank | 2 | 5.75% | $1,410 |
| City National Bank of West Virginia | 2 | 4.50% | $1,149 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 2 | 5.18% | $3,957 |
| ASHLAND Credit Union | 2 | 5.19% | $3,303 |
| Stifel Bank and Trust | 1 | 4.00% | $2,097 |
| VANDERBILT MORTGAGE AND FINANCE, INC. | 1 | 5.25% | $6,600 |
| M&T Bank | 1 | 6.63% | $3,839 |
| AMERISAVE MORTGAGE CORPORATION | 1 | 3.75% | $4,174 |
| BETTER MORTGAGE CORPORATION | 1 | 3.75% | $4,793 |
| Carrington Mortgage Services, LLC | 1 | 4.88% | $4,368 |
| Fifth Third Bank | 1 | 6.00% | $4,190 |
| F & M BANK CORP. | 1 | 6.25% | $7,419 |
| 21ST MORTGAGE CORPORATION | 1 | 6.50% | $5,014 |
| North American Savings Bank, F.S.B. | 1 | 5.88% | $2,319 |
| PENTAGON FEDERAL CREDIT UNION | 1 | 4.88% | $2,091 |
| Peoples Bank | 1 | 7.25% | $1,791 |
| ROYAL UNITED MORTGAGE LLC | 1 | 5.88% | $6,474 |
Mount Gay - Shamrock Average Closing Costs & Other Stats
Mount Gay-Shamrock, WV's 24 lenders originated 320
loans during 2022. The total origination value was $39,930,000, with an average loan value of
$124,781.
Mount Gay - Shamrock's average closing costs are $4,601.
The top Mount Gay - Shamrock lender as defined by loan originations is QUICKEN LOANS, LLC, with
14 loans originated. Their average total fees are
$6,440, which is $1,304
higher than the next largest lender,
Victorian Finance, LLC.
The lowest fee Mount Gay - Shamrock lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($6,440), .
The lowest rate Mount Gay - Shamrock lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (5.04%), .
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Logan Bank & Trust Company | $11,190,000 | $11,985,000 | 7.1% | 30.0% |
| QUICKEN LOANS, LLC | $8,535,000 | $6,050,000 | -29.1% | 15.2% |
| Victorian Finance, LLC | $4,745,000 | $5,040,000 | 6.2% | 12.6% |
| LOANDEPOT.COM, LLC | $800,000 | $2,090,000 | 161.3% | 5.2% |
| Mortgage Research Center, LLC | $440,000 | $1,845,000 | 319.3% | 4.6% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,365,000 | $1,590,000 | 16.5% | 4.0% |
| Gateway First Bank | $840,000 | $1,570,000 | 86.9% | 3.9% |
| Peoples Bank | $110,000 | $945,000 | 759.1% | 2.4% |
| Truist | $670,000 | $790,000 | 17.9% | 2.0% |
| United Bank | $445,000 | $700,000 | 57.3% | 1.8% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $800,000 | $625,000 | -21.9% | 1.6% |
| Community Trust Bank, Inc. | $1,795,000 | $560,000 | -68.8% | 1.4% |
| MOVEMENT MORTGAGE, LLC | $155,000 | $520,000 | 235.5% | 1.3% |
| City National Bank of West Virginia | $160,000 | $360,000 | 125.0% | 0.9% |
| AMERISAVE MORTGAGE CORPORATION | $775,000 | $355,000 | -54.2% | 0.9% |
| ASHLAND Credit Union | $315,000 | n/a | 0.8% | |
| BROKER SOLUTIONS, INC. | $105,000 | $315,000 | 200.0% | 0.8% |
| Carrington Mortgage Services, LLC | $145,000 | $305,000 | 110.3% | 0.8% |
| The Federal Savings Bank | $305,000 | n/a | 0.8% | |
| MYCUMORTGAGE, LLC | $260,000 | n/a | 0.7% | |
| BETTER MORTGAGE CORPORATION | $115,000 | $250,000 | 117.4% | 0.6% |
| CONTOUR MORTGAGE CORPORATION | $245,000 | n/a | 0.6% | |
| JPMorgan Chase Bank | $360,000 | $225,000 | -37.5% | 0.6% |
| Barrington Bank & Trust Company, N.A. | $215,000 | n/a | 0.5% | |
| F & M BANK CORP. | $215,000 | n/a | 0.5% | |
| First Community Bank | $325,000 | $205,000 | -36.9% | 0.5% |
| Paramount Bank | $165,000 | n/a | 0.4% | |
| 1ST SIGNATURE LENDING, LLC | $145,000 | n/a | 0.4% | |
| FREEDOM MORTGAGE CORPORATION | $945,000 | $145,000 | -84.7% | 0.4% |
| 21ST MORTGAGE CORPORATION | $140,000 | n/a | 0.4% | |
| PNC Bank | $135,000 | n/a | 0.3% | |
| Fifth Third Bank | $125,000 | n/a | 0.3% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $115,000 | n/a | 0.3% | |
| Mr. Cooper ( Nationstar Mortgage ) | $170,000 | $115,000 | -32.4% | 0.3% |
| North American Savings Bank, F.S.B. | $115,000 | n/a | 0.3% | |
| PENTAGON FEDERAL CREDIT UNION | $115,000 | n/a | 0.3% | |
| N R L Federal Credit Union | $105,000 | n/a | 0.3% | |
| ROYAL UNITED MORTGAGE LLC | $85,000 | n/a | 0.2% | |
| Stifel Bank and Trust | $85,000 | n/a | 0.2% | |
| SIWELL, INC. | $75,000 | n/a | 0.2% | |
| M&T Bank | $65,000 | n/a | 0.2% | |
| U.S. Bank | $65,000 | n/a | 0.2% | |
| The Huntington National Bank | $390,000 | $45,000 | -88.5% | 0.1% |
| The Poca Valley Bank, Inc. | $35,000 | n/a | 0.1% |
Mount Gay - Shamrock's top lender by overall market share is Logan Bank & Trust Company, with 30.0% market share. In second place, with 15.2%, is QUICKEN LOANS, LLC, having originated $6,050,000 in loans. In third place, with 12.6%, is Victorian Finance, LLC, having originated $5,040,000 in loans. In fourth place, with 5.2%, is LOANDEPOT.COM, LLC, having originated $2,090,000 in loans. In fifth place, with 4.6%, is Mortgage Research Center, LLC, having originated $1,845,000 in loans.
Mount Gay-Shamrock, WV Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 220 | $30,170,000 | $137,136 |
| Refi | 46 | $4,590,000 | $99,783 |
| Cash Out Refi | 28 | $3,500,000 | $125,000 |
| Home Improvement | 16 | $1,110,000 | $69,375 |
| Other | 10 | $560,000 | $56,000 |
Mount Gay - Shamrock's most frequently cited loan purpose was Home Purchase, with 220 originations. The 2nd most popular reason was Refi, with 46 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 62 | $7,730,000 | $124,677 |
| 4-5% | 53 | $8,075,000 | $152,358 |
| 3-4% | 33 | $4,755,000 | $144,091 |
| 6-7% | 25 | $3,675,000 | $147,000 |
| Over 8% | 16 | $1,420,000 | $88,750 |
| 7-8% | 11 | $1,205,000 | $109,545 |
| 2.5-3% | 10 | $1,050,000 | $105,000 |
During 2022, Mount Gay - Shamrock's most frequently originated rate bucket was 5-6%, with 62 originations.
Loan Sizing (Mount Gay-Shamrock, WV MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 152 | $9,600,000 | $63,158 |
| $100k-200k | 125 | $17,575,000 | $140,600 |
| $200k-400k | 38 | $9,790,000 | $257,632 |
| $400k-600k | 3 | $1,595,000 | $531,667 |
| $600k-1000k | 2 | $1,370,000 | $685,000 |
Mount Gay - Shamrock's loan sizing saw the bucket of loans from $100,000 or less with 152 originations, totaling $9,600,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 150 | $21,990,000 | $146,600 |
| 60-80% | 35 | $4,195,000 | $119,857 |
| 20-40% | 10 | $640,000 | $64,000 |
| Under 20% | 7 | $225,000 | $32,143 |
| 40-60% | 6 | $660,000 | $110,000 |
| Over 100% | 2 | $200,000 | $100,000 |
Mount Gay - Shamrock's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 150 originations, totaling $21,990,000 in origination value.