Mount Gay - Shamrock Mortgage Rates

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

30 Year Fixed Rate mortgages in Mount Gay - Shamrock averaged 5.99% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6.4% and one month ago for the week of 2022-05-26, the average rate was 5.59%.

Mount Gay - Shamrock's average rate one year ago was 3.12%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.98%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Mount Gay - Shamrock 30 Year Fixed Rate 2022-06-30 5.99%
Mount Gay - Shamrock 30 Year Fixed Rate Refi 2022-06-30 5.98%
Mount Gay - Shamrock 15 Year Fixed Rate 2022-06-30 4.59%
Mount Gay - Shamrock 15 Year Fixed Rate Refi 2022-06-30 4.88%
Mount Gay - Shamrock 30 Year FHA 2022-06-30 6.07%
Mount Gay - Shamrock 30 Year FHA Refi 2022-06-30 5.36%
Mount Gay - Shamrock 30 Year USDA 2022-06-30 5.73%
Mount Gay - Shamrock 30 Year VA 2022-06-30 5.81%
Mount Gay - Shamrock 30 Year VA Refi 2022-06-30 5.42%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 14 3.13% $5,832
Victorian Finance, LLC 7 3.04% $3,358
Community Trust Bank, Inc. 4 2.91% $2,066
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.50% $3,931
Gateway First Bank 3 3.33% $3,146
First Community Bank 3 3.68% $2,337
United Bank 3 3.18% $2,520
LOANDEPOT.COM, LLC 2 2.94% $4,002
BROKER SOLUTIONS, INC. 1 3.88% $2,780
Ally Bank 1 2.63% $5,060
Alcova Mortgage LLC 1 3.38% $7,433
JPMorgan Chase Bank 1 2.99% $5,895
LIBERTY HOME MORTGAGE CORPORATION 1 3.38% $7,984
Midwest Community Bank 1 3.25% $5,189
BLUELEAF LENDING, LLC 1 3.25% $5,189
BETTER MORTGAGE CORPORATION 1 3.00% $3,900
Truist Bank 1 2.88% $3,264
CHURCHILL MORTGAGE CORPORATION 1 3.25% $3,471
City National Bank of West Virginia 1 4.99% $150
Citizens Bank 1 2.88% $3,023

Mount Gay-Shamrock, WV's 20 lenders originated 345 loans during 2021. The total origination value was $39,445,000, with an average loan value of $114,333.

The top Mount Gay - Shamrock lender as defined by loan originations is QUICKEN LOANS, LLC, with 14 loans originated. Their average total fees are $5,832, which is $2,475 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 ($5,832), .

The lowest rate Mount Gay - Shamrock lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (3.13%), .

Mount Gay-Shamrock, WV 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Logan Bank & Trust Company $8,055,000 $11,190,000 38.9% 28.4%
QUICKEN LOANS, LLC $6,325,000 $8,535,000 34.9% 21.6%
Victorian Finance, LLC $3,945,000 $4,745,000 20.3% 12.0%
Community Trust Bank, Inc. $1,060,000 $1,795,000 69.3% 4.6%
VANDERBILT MORTGAGE AND FINANCE, INC. $2,405,000 $1,365,000 -43.2% 3.5%
FREEDOM MORTGAGE CORPORATION $1,260,000 $945,000 -25.0% 2.4%
Gateway First Bank $2,385,000 $840,000 -64.8% 2.1%
LOANDEPOT.COM, LLC $760,000 $800,000 5.3% 2.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $800,000 n/a 2.0%
AMERISAVE MORTGAGE CORPORATION $295,000 $775,000 162.7% 2.0%
Truist Bank $675,000 $670,000 -0.7% 1.7%
NAVY FEDERAL CREDIT UNION $285,000 $515,000 80.7% 1.3%
LIBERTY HOME MORTGAGE CORPORATION $490,000 n/a 1.2%
United Bank $1,365,000 $445,000 -67.4% 1.1%
Mortgage Research Center, LLC $410,000 $440,000 7.3% 1.1%
The Huntington National Bank $500,000 $390,000 -22.0% 1.0%
JPMorgan Chase Bank $815,000 $360,000 -55.8% 0.9%
First Community Bank $385,000 $325,000 -15.6% 0.8%
Ally Bank $300,000 n/a 0.8%
BLUELEAF LENDING, LLC $295,000 n/a 0.7%
Midwest Community Bank $295,000 n/a 0.7%
Hometown Lenders, Inc. $190,000 $230,000 21.1% 0.6%
LEADERONE FINANCIAL CORPORATION $225,000 n/a 0.6%
UNITED WHOLESALE MORTGAGE, LLC $185,000 n/a 0.5%
CHURCHILL MORTGAGE CORPORATION $180,000 n/a 0.5%
Alcova Mortgage LLC $175,000 n/a 0.4%
Mr. Cooper ( Nationstar Mortgage ) $575,000 $170,000 -70.4% 0.4%
DRAPER AND KRAMER MORTGAGE CORP. $165,000 n/a 0.4%
PLANET HOME LENDING, LLC $165,000 n/a 0.4%
City National Bank of West Virginia $435,000 $160,000 -63.2% 0.4%
MOVEMENT MORTGAGE, LLC $1,290,000 $155,000 -88.0% 0.4%
Carrington Mortgage Services, LLC $635,000 $145,000 -77.2% 0.4%
LAKEVIEW LOAN SERVICING, LLC $135,000 n/a 0.3%
ALTRA $120,000 n/a 0.3%
BETTER MORTGAGE CORPORATION $145,000 $115,000 -20.7% 0.3%
Peoples Bank $110,000 n/a 0.3%
BROKER SOLUTIONS, INC. $105,000 n/a 0.3%
USAA Federal Savings Bank $135,000 $105,000 -22.2% 0.3%
Blue Ridge Bank $85,000 n/a 0.2%
CALIBER HOME LOANS, INC. $155,000 $85,000 -45.2% 0.2%
UNION HOME MORTGAGE CORP. $85,000 n/a 0.2%
Bank of England $65,000 n/a 0.2%
Citizens Bank $55,000 n/a 0.1%
NUMARK CREDIT UNION $55,000 n/a 0.1%
Premier Bank, Inc. $290,000 $55,000 -81.0% 0.1%

Mount Gay - Shamrock's top lender by overall market share is Logan Bank & Trust Company, with 28.4% market share. In second place, with 21.6%, is QUICKEN LOANS, LLC, having originated $8,535,000 in loans. In third place, with 12.0%, is Victorian Finance, LLC, having originated $4,745,000 in loans. In third place, with 4.6%, is Community Trust Bank, Inc., having originated $1,795,000 in loans. In third place, with 3.5%, is VANDERBILT MORTGAGE AND FINANCE, INC., having originated $1,365,000 in loans.


Mount Gay-Shamrock, WV Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 175 $19,085,000 $109,057
Refi 74 $10,050,000 $135,811
Cash Out Refi 70 $8,140,000 $116,286
Other 16 $1,730,000 $108,125
Home Improvement 10 $440,000 $44,000

Mount Gay - Shamrock's most frequently cited loan purpose was Home Purchase, with 175 originations. The 2nd most popular reason was Refi, with 74 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 100 $12,800,000 $128,000
3-4% 74 $8,260,000 $111,622
<2.5% 35 $4,955,000 $141,571
4-5% 9 $765,000 $85,000
Over 8% 9 $635,000 $70,556
7-8% 6 $360,000 $60,000
6-7% 5 $425,000 $85,000

During 2021, Mount Gay - Shamrock's most frequently originated rate bucket was 2.5-3%, with 100 originations.

Loan Sizing (Mount Gay-Shamrock, WV MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 169 $10,755,000 $63,639
$100k-200k 137 $18,955,000 $138,358
$200k-400k 39 $9,735,000 $249,615

Mount Gay - Shamrock's loan sizing saw the bucket of loans from $100,000 or less with 169 originations, totaling $10,755,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 137 $16,645,000 $121,496
60-80% 57 $7,175,000 $125,877
40-60% 22 $2,480,000 $112,727
20-40% 6 $550,000 $91,667
Under 20% 4 $80,000 $20,000

Mount Gay - Shamrock's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 137 originations, totaling $16,645,000 in origination value.