NEW BERN Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in New Bern averaged
6.75%
for the week of 2025-07-10, compared to the national average of
6.72% for the same period.
The average rate for the prior week (2025-07-03) was
6.9% and
one month ago for the week of 2025-06-05, the
average rate was 6.68%.
New Bern's average rate one year ago was 6.78%.
For refis of the same type during the week of 2025-07-10, the average rate
was 6.62%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-10 | 6.72% |
| New Bern 30 Year Fixed Rate | 2025-07-10 | 6.75% |
| New Bern 30 Year Fixed Rate Refi | 2025-07-10 | 6.62% |
| New Bern 15 Year Fixed Rate | 2025-07-10 | 5.76% |
| New Bern 15 Year Fixed Rate Refi | 2025-07-10 | 6.06% |
| New Bern 30 Year FHA | 2025-07-10 | 6.24% |
| New Bern 30 Year FHA Refi | 2025-07-10 | 6.72% |
| New Bern 30 Year USDA | 2025-07-10 | 6.35% |
| New Bern 30 Year USDA Refi | 2025-07-10 | 6.55% |
| New Bern 30 Year VA | 2025-07-10 | 6.17% |
| New Bern 30 Year VA Refi | 2025-07-10 | 5.91% |
NEW BERN 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 NEW BERN, 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.).
NEW BERN Average Closing Costs & Other Stats
NEW BERN, NC's 115 lenders originated 3,249
loans during 2024. The total origination value was $753,225,000, with an average loan value of
$231,833.
NEW BERN's average closing costs are $5,094.
The top NEW BERN lender as defined by loan originations is First-Citizens Bank & Trust Company, with
103 loans originated. Their average total fees are
$5,111, which is $971
higher than the next largest lender,
STATE EMPLOYEES'.
The lowest fee NEW BERN lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($2,395), STATE EMPLOYEES' ($4,140), NAVY FEDERAL CREDIT UNION ($4,305), Truist ($4,961) and PNC Bank ($4,978).
The lowest rate NEW BERN lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.98%), STATE EMPLOYEES' (6.41%), NAVY FEDERAL CREDIT UNION (6.41%), PNC Bank (6.44%) and Truist (6.58%).
NEW BERN, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| First-Citizens Bank & Trust Company | $47,730,000 | $74,200,000 | 55.5% | 9.9% |
| NAVY FEDERAL CREDIT UNION | $43,765,000 | $60,370,000 | 37.9% | 8.0% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $63,255,000 | $54,595,000 | -13.7% | 7.2% |
| QUICKEN LOANS, LLC | $33,390,000 | $49,580,000 | 48.5% | 6.6% |
| DHI MORTGAGE COMPANY, LTD. | $18,835,000 | $42,405,000 | 125.1% | 5.6% |
| GUARANTEED RATE, INC. | $35,210,000 | $42,260,000 | 20.0% | 5.6% |
| STATE EMPLOYEES' | $38,090,000 | $40,695,000 | 6.8% | 5.4% |
| Mortgage Research Center, LLC | $27,325,000 | $35,050,000 | 28.3% | 4.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $17,045,000 | $28,860,000 | 69.3% | 3.8% |
| MOVEMENT MORTGAGE, LLC | $27,810,000 | $18,135,000 | -34.8% | 2.4% |
| FREEDOM MORTGAGE CORPORATION | $6,750,000 | $17,735,000 | 162.7% | 2.4% |
| Truist | $20,090,000 | $14,470,000 | -28.0% | 1.9% |
| First National Bank of Pennsylvania | $9,555,000 | $13,550,000 | 41.8% | 1.8% |
| American Security Mortgage Corp. | $6,545,000 | $12,630,000 | 93.0% | 1.7% |
| PENNYMAC LOAN SERVICES, LLC | $7,680,000 | $11,840,000 | 54.2% | 1.6% |
| GUILD MORTGAGE COMPANY | $3,655,000 | $9,895,000 | 170.7% | 1.3% |
| PNC Bank | $8,660,000 | $8,435,000 | -2.6% | 1.1% |
| Southern Bank and Trust Company | $4,365,000 | $8,235,000 | 88.7% | 1.1% |
| United Bank | $3,240,000 | $7,460,000 | 130.2% | 1.0% |
| NEWREZ LLC | $3,945,000 | $6,810,000 | 72.6% | 0.9% |
| LOANDEPOT.COM, LLC | $4,590,000 | $6,175,000 | 34.5% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,305,000 | $5,315,000 | 130.6% | 0.7% |
| Wells Fargo Bank | $6,875,000 | $5,140,000 | -25.2% | 0.7% |
| UNION HOME MORTGAGE CORP. | $3,245,000 | $5,050,000 | 55.6% | 0.7% |
| CMG MORTGAGE, INC. | $2,305,000 | $4,900,000 | 112.6% | 0.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $4,280,000 | $4,675,000 | 9.2% | 0.6% |
| VILLAGE CAPITAL MORTGAGE | $1,405,000 | $4,430,000 | 215.3% | 0.6% |
| NEW DAY FINANCIAL, LLC | $4,055,000 | $4,315,000 | 6.4% | 0.6% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,895,000 | $4,140,000 | 118.5% | 0.5% |
| USAA Federal Savings Bank | $5,410,000 | $4,035,000 | -25.4% | 0.5% |
| Integrity Home Mortgage Corp | $970,000 | $3,725,000 | 284.0% | 0.5% |
| 21ST MORTGAGE CORPORATION | $3,685,000 | $3,260,000 | -11.5% | 0.4% |
| Bank of America | $4,730,000 | $3,155,000 | -33.3% | 0.4% |
| Corporate Investors Mortgage Group, Inc. | $4,580,000 | $3,060,000 | -33.2% | 0.4% |
| JPMorgan Chase Bank | $3,975,000 | $3,030,000 | -23.8% | 0.4% |
| RAPID MORTGAGE COMPANY | $820,000 | $2,825,000 | 244.5% | 0.4% |
| SWBC MORTGAGE CORPORATION | $850,000 | $2,810,000 | 230.6% | 0.4% |
| FBC MORTGAGE, LLC | $2,680,000 | n/a | 0.4% | |
| VELOCIO MORTGAGE L.L.C. | $835,000 | $2,680,000 | 221.0% | 0.4% |
| COASTAL Federal Credit Union | $1,760,000 | $2,580,000 | 46.6% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,405,000 | $2,475,000 | -27.3% | 0.3% |
| First Heritage Mortgage, LLC | $560,000 | $2,340,000 | 317.9% | 0.3% |
| RELIANCE FIRST CAPITAL, LLC | $1,020,000 | $2,310,000 | 126.5% | 0.3% |
| Marine Federal Credit Union | $25,000 | $2,135,000 | 8,440.0% | 0.3% |
| Alcova Mortgage LLC | $330,000 | $2,120,000 | 542.4% | 0.3% |
| T2 FINANCIAL LLC | $745,000 | $2,110,000 | 183.2% | 0.3% |
| FIRST FLIGHT FEDERAL CREDIT UNION | $1,460,000 | $1,975,000 | 35.3% | 0.3% |
| INTERCOASTAL MORTGAGE COMPANY | $5,535,000 | $1,945,000 | -64.9% | 0.3% |
| CORNERSTONE HOME LENDING, INC. | $2,110,000 | $1,845,000 | -12.6% | 0.2% |
| PLANET HOME LENDING, LLC | $635,000 | $1,825,000 | 187.4% | 0.2% |
| Bank of New Hampshire | $1,805,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $1,730,000 | n/a | 0.2% | |
| NBKC BANK | $660,000 | $1,690,000 | 156.1% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $2,975,000 | $1,570,000 | -47.2% | 0.2% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $2,285,000 | $1,550,000 | -32.2% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $2,015,000 | $1,535,000 | -23.8% | 0.2% |
| First Bank | $1,330,000 | $1,535,000 | 15.4% | 0.2% |
| CALCON MUTUAL MORTGAGE LLC | $440,000 | $1,475,000 | 235.2% | 0.2% |
| Carrington Mortgage Services, LLC | $740,000 | $1,445,000 | 95.3% | 0.2% |
| Towne Bank | $2,435,000 | $1,440,000 | -40.9% | 0.2% |
| DOMINION FINANCIAL SERVICES, LLC | $420,000 | $1,365,000 | 225.0% | 0.2% |
| Citibank | $1,050,000 | $1,360,000 | 29.5% | 0.2% |
| Prosperity Home Mortgage, LLC | $785,000 | $1,310,000 | 66.9% | 0.2% |
| AMERICAN FINANCIAL RESOURCES, INC. | $310,000 | $1,290,000 | 316.1% | 0.2% |
| Plains Commerce Bank | $945,000 | $1,225,000 | 29.6% | 0.2% |
| The Federal Savings Bank | $2,810,000 | $1,160,000 | -58.7% | 0.2% |
| Discover Bank | $1,160,000 | $1,115,000 | -3.9% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,650,000 | $1,115,000 | -32.4% | 0.1% |
| TIDEWATER MORTGAGE SERVICES, INC. | $245,000 | $1,095,000 | 346.9% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,180,000 | $1,090,000 | -7.6% | 0.1% |
| BROKER SOLUTIONS, INC. | $600,000 | $1,070,000 | 78.3% | 0.1% |
| Atlantic Coast Mortgage, LLC | $1,035,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $165,000 | $1,025,000 | 521.2% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $215,000 | $1,005,000 | 367.4% | 0.1% |
| U.S. Bank | $725,000 | $990,000 | 36.6% | 0.1% |
| TD Bank | $2,390,000 | $920,000 | -61.5% | 0.1% |
| DIRECT MORTGAGE LOANS, LLC | $915,000 | n/a | 0.1% | |
| Providence Bank | $910,000 | n/a | 0.1% | |
| Farmers Bank & Trust | $525,000 | $900,000 | 71.4% | 0.1% |
| Figure Lending LLC | $515,000 | $890,000 | 72.8% | 0.1% |
| AgCarolina Farm Credit, FLCA | $1,495,000 | $885,000 | -40.8% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $260,000 | $810,000 | 211.5% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $560,000 | $805,000 | 43.8% | 0.1% |
| RADIUS FINANCIAL GROUP INC. | $395,000 | $785,000 | 98.7% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $755,000 | $780,000 | 3.3% | 0.1% |
| The Huntington National Bank | $505,000 | $775,000 | 53.5% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $740,000 | $765,000 | 3.4% | 0.1% |
| UBS Bank USA | $765,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $550,000 | $755,000 | 37.3% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $730,000 | $715,000 | -2.1% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $310,000 | $680,000 | 119.4% | 0.1% |
| BANKSOUTH MORTGAGE COMPANY, LLC | $675,000 | n/a | 0.1% | |
| Bethpage Federal Credit Union | $650,000 | n/a | 0.1% | |
| Armed Forces Bank | $640,000 | n/a | 0.1% | |
| AMERICAN HERITAGE LENDING, INC. | $450,000 | $635,000 | 41.1% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $1,020,000 | $630,000 | -38.2% | 0.1% |
| SeaTrust Mortgage Company | $500,000 | $630,000 | 26.0% | 0.1% |
| Stifel Bank and Trust | $615,000 | $615,000 | 0.0% | 0.1% |
| Fulton Bank | $610,000 | n/a | 0.1% | |
| Sound Bank | $310,000 | $605,000 | 95.2% | 0.1% |
| NORTHEAST HOME LOAN, LLC | $585,000 | n/a | 0.1% | |
| The Central Trust Bank | $315,000 | $580,000 | 84.1% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $565,000 | n/a | 0.1% | |
| Commerce Home Mortgage, Inc. | $205,000 | $560,000 | 173.2% | 0.1% |
| Mid-Continent Funding, Inc. | $685,000 | $560,000 | -18.2% | 0.1% |
| GoPrime Mortgage, Inc. | $350,000 | $555,000 | 58.6% | 0.1% |
| North State Bank | $375,000 | $530,000 | 41.3% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $520,000 | n/a | 0.1% | |
| M&T Bank | $520,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $685,000 | $520,000 | -24.1% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $735,000 | $510,000 | -30.6% | 0.1% |
| MLD MORTGAGE INC. | $510,000 | n/a | 0.1% | |
| CARDINAL FINANCIAL | $2,185,000 | $505,000 | -76.9% | 0.1% |
| Clearview Federal Credit Union | $505,000 | n/a | 0.1% | |
| HOMESTEAD FUNDING CORP. | $505,000 | n/a | 0.1% | |
| Ixonia Bank | $505,000 | n/a | 0.1% | |
| NETWORK CAPITAL FUNDING CORPORATION | $505,000 | n/a | 0.1% | |
| SIRVA MORTGAGE, INC. | $500,000 | n/a | 0.1% | |
| LENDSURE MORTGAGE CORP. | $490,000 | n/a | 0.1% | |
| BOKF | $455,000 | n/a | 0.1% | |
| Coastal Community Bank | $445,000 | n/a | 0.1% | |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | $440,000 | n/a | 0.1% | |
| Citadel Servicing Corporation | $440,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $540,000 | $440,000 | -18.5% | 0.1% |
| Equity Prime Mortgage LLC | $420,000 | $430,000 | 2.4% | 0.1% |
| Citizens Bank | $1,265,000 | $420,000 | -66.8% | 0.1% |
| AMERICAN HERITAGE FCU | $405,000 | $405,000 | 0.0% | 0.1% |
| MORTGAGEONE, INC. | $405,000 | n/a | 0.1% | |
| East Coast Capital Corp. | $395,000 | n/a | 0.1% | |
| Regions Bank | $1,055,000 | $395,000 | -62.6% | 0.1% |
| AMERICAN FINANCING CORPORATION | $215,000 | $390,000 | 81.4% | 0.1% |
| LIMA ONE CAPITAL, LLC | $425,000 | $390,000 | -8.2% | 0.1% |
| ALLIANT CREDIT UNION | $375,000 | n/a | 0.0% | |
| Civista Bank | $375,000 | n/a | 0.0% | |
| University Bank | $375,000 | n/a | 0.0% | |
| Flagstar Bank, FSB | $365,000 | n/a | 0.0% | |
| CSL Financial, LLC | $205,000 | $360,000 | 75.6% | 0.0% |
| BAY EQUITY LLC | $355,000 | n/a | 0.0% | |
| South State Bank | $180,000 | $355,000 | 97.2% | 0.0% |
| Renasant Bank | $350,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $375,000 | $350,000 | -6.7% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $130,000 | $345,000 | 165.4% | 0.0% |
| STOCKTON MORTGAGE CORPORATION | $335,000 | n/a | 0.0% | |
| The Loan Store, Inc. | $330,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $510,000 | $315,000 | -38.2% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $295,000 | $305,000 | 3.4% | 0.0% |
| Lakeview Community Capital, LLC | $305,000 | n/a | 0.0% | |
| Morgan Stanley Private Bank | $1,960,000 | $305,000 | -84.4% | 0.0% |
| V.I.P. MORTGAGE, INC. | $305,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $530,000 | $295,000 | -44.3% | 0.0% |
| HEARTLAND | $285,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $285,000 | n/a | 0.0% | |
| THE MORTGAGE FIRM, INC. | $285,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $275,000 | n/a | 0.0% | |
| AMERITRUST MORTGAGE CORPORATION | $275,000 | n/a | 0.0% | |
| Acre Mortgage and Financial Inc | $265,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $850,000 | $265,000 | -68.8% | 0.0% |
| GARDNER FINANCIAL SERVICES, LTD. | $265,000 | n/a | 0.0% | |
| NFM, INC. | $875,000 | $265,000 | -69.7% | 0.0% |
| First Federal Bank | $255,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $1,150,000 | $255,000 | -77.8% | 0.0% |
| ANDREWS FEDERAL CREDIT UNION | $245,000 | n/a | 0.0% | |
| CAPITAL CENTER, L.L.C. | $245,000 | n/a | 0.0% | |
| Fifth Third Bank | $855,000 | $245,000 | -71.3% | 0.0% |
| First Federal Bank, A FSB | $245,000 | n/a | 0.0% | |
| First Federal Bank of the Midwest | $405,000 | $245,000 | -39.5% | 0.0% |
| DATA MORTGAGE, INC. | $235,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $235,000 | n/a | 0.0% | |
| NORWICH COMMERCIAL GROUP, INC. | $235,000 | n/a | 0.0% | |
| PREMIER LENDING, INC. | $170,000 | $230,000 | 35.3% | 0.0% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $225,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $175,000 | $225,000 | 28.6% | 0.0% |
| ALLEGACY FEDERAL CREDIT UNION | $215,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $215,000 | n/a | 0.0% | |
| CityWorth Mortgage LLC | $215,000 | n/a | 0.0% | |
| EASTERN SAVINGS BANK | $215,000 | n/a | 0.0% | |
| Apple Federal Credit Union | $210,000 | n/a | 0.0% | |
| Shore United Bank | $205,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $435,000 | $205,000 | -52.9% | 0.0% |
| LANGLEY | $195,000 | n/a | 0.0% | |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $195,000 | n/a | 0.0% | |
| MILEND, INC. | $185,000 | n/a | 0.0% | |
| The Camden National Bank | $185,000 | n/a | 0.0% | |
| General Mortgage Capital Corporation | $175,000 | n/a | 0.0% | |
| NexBank | $175,000 | n/a | 0.0% | |
| EMM LOANS LLC | $1,020,000 | $165,000 | -83.8% | 0.0% |
| FIRST SAVINGS MORTGAGE CORPORATION | $165,000 | n/a | 0.0% | |
| Nations Lending Corporation | $2,005,000 | $165,000 | -91.8% | 0.0% |
| Pinnacle Bank | $165,000 | n/a | 0.0% | |
| DEEPHAVEN MORTGAGE LLC | $155,000 | n/a | 0.0% | |
| F & M BANK CORP. | $255,000 | $155,000 | -39.2% | 0.0% |
| Gateway First Bank | $155,000 | n/a | 0.0% | |
| Paramount Bank | $155,000 | n/a | 0.0% | |
| ACHIEVA CREDIT UNION | $145,000 | n/a | 0.0% | |
| Ameris Bank | $345,000 | $145,000 | -58.0% | 0.0% |
| Meridian Bank Corporation | $145,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $115,000 | $145,000 | 26.1% | 0.0% |
| Citizens and Farmers Bank | $335,000 | $115,000 | -65.7% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $115,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $365,000 | $115,000 | -68.5% | 0.0% |
| Performance Financial, Inc. | $105,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $275,000 | $105,000 | -61.8% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $480,000 | $95,000 | -80.2% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $720,000 | $95,000 | -86.8% | 0.0% |
| FIRST ATLANTIC FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
| FRANKLIN MINT | $85,000 | n/a | 0.0% | |
| SELF-HELP Credit Union | $85,000 | n/a | 0.0% | |
| Park Lane Finance Solutions, LLC | $45,000 | n/a | 0.0% | |
| S. C. TELCO | $35,000 | n/a | 0.0% |
NEW BERN's top lender by overall market share is First-Citizens Bank & Trust Company, with 9.9% market share. In second place, with 8.0%, is NAVY FEDERAL CREDIT UNION, having originated $60,370,000 in loans. In third place, with 7.2%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $54,595,000 in loans. In fourth place, with 6.6%, is QUICKEN LOANS, LLC, having originated $49,580,000 in loans. In fifth place, with 5.6%, is DHI MORTGAGE COMPANY, LTD., having originated $42,405,000 in loans.
NEW BERN, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,836 | $513,290,000 | $279,570 |
| Cash Out Refi | 400 | $84,130,000 | $210,325 |
| Refi | 372 | $93,820,000 | $252,204 |
| Other | 349 | $36,025,000 | $103,223 |
| Home Improvement | 292 | $25,960,000 | $88,904 |
New Bern's most frequently cited loan purpose was Home Purchase, with 1,836 originations. The 2nd most popular reason was Cash Out Refi, with 400 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,304 | $348,570,000 | $267,308 |
| 5-6% | 670 | $182,720,000 | $272,716 |
| 7-8% | 663 | $133,225,000 | $200,943 |
| Over 8% | 430 | $47,890,000 | $111,372 |
| 4-5% | 100 | $31,490,000 | $314,900 |
| <2.5% | 44 | $1,790,000 | $40,682 |
| 3-4% | 5 | $1,355,000 | $271,000 |
| 2.5-3% | 3 | $645,000 | $215,000 |
During 2024, New Bern's most frequently originated rate bucket was 6-7%, with 1,304 originations.
Loan Sizing (NEW BERN, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,463 | $413,755,000 | $282,813 |
| $100k-200k | 781 | $116,265,000 | $148,867 |
| $100,000 or less | 671 | $37,565,000 | $55,984 |
| $400k-600k | 259 | $122,555,000 | $473,185 |
| $600k-1000k | 62 | $45,010,000 | $725,968 |
| $Over $1MM | 13 | $18,075,000 | $1,390,385 |
NEW BERN's loan sizing saw the bucket of loans from $200k-400k with 1,463 originations, totaling $413,755,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,326 | $397,720,000 | $299,940 |
| 60-80% | 547 | $143,015,000 | $261,453 |
| 20-40% | 417 | $46,375,000 | $111,211 |
| Under 20% | 375 | $18,755,000 | $50,013 |
| 40-60% | 284 | $57,390,000 | $202,077 |
| Over 100% | 191 | $62,545,000 | $327,461 |
NEW BERN's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,326 originations, totaling $397,720,000 in origination value.