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 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%
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 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.