NEW BERN Mortgage Rates
30 Year Fixed Rate mortgages in New Bern averaged
5.65%
for the week of 2022-05-12, compared to the national average of
5.3% for the same period.
The average rate for the prior week (2022-05-05) was
5.82% and
one month ago for the week of 2022-04-07, the
average rate was 5.07%.
New Bern's average rate one year ago was 3.43%.
For refis of the same type during the week of 2022-05-12, the average rate
was 5.57%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-05-12 | 5.3% |
| New Bern 30 Year Fixed Rate | 2022-05-12 | 5.65% |
| New Bern 30 Year Fixed Rate Refi | 2022-05-12 | 5.57% |
| New Bern 15 Year Fixed Rate | 2022-05-12 | 5.03% |
| New Bern 15 Year Fixed Rate Refi | 2022-05-12 | 4.75% |
| New Bern 30 Year FHA | 2022-05-12 | 5.63% |
| New Bern 30 Year FHA Refi | 2022-05-12 | 5.36% |
| New Bern 30 Year USDA | 2022-05-12 | 5.5% |
| New Bern 30 Year USDA Refi | 2022-05-12 | 5.09% |
| New Bern 30 Year VA | 2022-05-12 | 5.14% |
| New Bern 30 Year VA Refi | 2022-05-12 | 5.17% |
NEW BERN 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 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, NC's 190 lenders originated 6,104
loans during 2021. The total origination value was $1,250,280,000, with an average loan value of
$204,830.
The top NEW BERN lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with
199 loans originated. Their average total fees are
$3,904, which is $801
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee NEW BERN lenders (with over 10 loans originated) are
JPMorgan Chase Bank ($1,967), FREEDOM MORTGAGE CORPORATION ($2,580), DHI MORTGAGE COMPANY, LTD. ($2,760), Corporate Investors Mortgage Group, Inc. ($3,093) and Ameris Bank ($3,114).
The lowest rate NEW BERN lenders (with over 10 loans originated) are
Renasant Bank (2.85%), American Security Mortgage Corp. (2.93%), UNITED WHOLESALE MORTGAGE, LLC (2.93%), BETTER MORTGAGE CORPORATION (2.95%) and Bank of America (2.99%).
NEW BERN, NC 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 |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $74,600,000 | $94,580,000 | 26.8% | 7.6% |
| First-Citizens Bank & Trust Company | $63,455,000 | $90,705,000 | 42.9% | 7.3% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $75,895,000 | $84,880,000 | 11.8% | 6.8% |
| NAVY FEDERAL CREDIT UNION | $63,305,000 | $75,210,000 | 18.8% | 6.0% |
| MOVEMENT MORTGAGE, LLC | $64,125,000 | $72,425,000 | 12.9% | 5.8% |
| GUARANTEED RATE, INC. | $61,430,000 | $67,790,000 | 10.4% | 5.4% |
| STATE EMPLOYEES' | $38,875,000 | $60,720,000 | 56.2% | 4.9% |
| Mortgage Research Center, LLC | $29,225,000 | $47,475,000 | 62.4% | 3.8% |
| Truist Bank | $55,940,000 | $46,400,000 | -17.1% | 3.7% |
| FREEDOM MORTGAGE CORPORATION | $52,700,000 | $40,040,000 | -24.0% | 3.2% |
| Wells Fargo Bank | $35,420,000 | $34,740,000 | -1.9% | 2.8% |
| Carter Bank & Trust | $27,005,000 | n/a | 2.2% | |
| DHI MORTGAGE COMPANY, LTD. | $9,485,000 | $25,280,000 | 166.5% | 2.0% |
| LOANDEPOT.COM, LLC | $9,485,000 | $17,695,000 | 86.6% | 1.4% |
| PENNYMAC LOAN SERVICES, LLC | $9,860,000 | $17,380,000 | 76.3% | 1.4% |
| American Security Mortgage Corp. | $15,830,000 | $15,345,000 | -3.1% | 1.2% |
| UNION HOME MORTGAGE CORP. | $6,990,000 | $15,035,000 | 115.1% | 1.2% |
| PNC Bank | $7,295,000 | $13,750,000 | 88.5% | 1.1% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,790,000 | $11,420,000 | 97.2% | 0.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $6,930,000 | $11,185,000 | 61.4% | 0.9% |
| NEW DAY FINANCIAL, LLC | $8,780,000 | $11,130,000 | 26.8% | 0.9% |
| AMERISAVE MORTGAGE CORPORATION | $3,225,000 | $10,895,000 | 237.8% | 0.9% |
| USAA Federal Savings Bank | $11,655,000 | $10,065,000 | -13.6% | 0.8% |
| LAKEVIEW LOAN SERVICING, LLC | $7,435,000 | $9,335,000 | 25.6% | 0.7% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $6,520,000 | $8,920,000 | 36.8% | 0.7% |
| Grandbridge Real Estate Capital LLC | $8,415,000 | n/a | 0.7% | |
| CORNERSTONE HOME LENDING, INC. | $7,845,000 | $8,350,000 | 6.4% | 0.7% |
| CALIBER HOME LOANS, INC. | $3,855,000 | $7,990,000 | 107.3% | 0.6% |
| BETTER MORTGAGE CORPORATION | $2,305,000 | $7,965,000 | 245.6% | 0.6% |
| VILLAGE CAPITAL & INVESTMENT LLC | $4,260,000 | $7,935,000 | 86.3% | 0.6% |
| Ameris Bank | $3,380,000 | $7,590,000 | 124.6% | 0.6% |
| Bank of America | $8,910,000 | $7,135,000 | -19.9% | 0.6% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $3,375,000 | $6,270,000 | 85.8% | 0.5% |
| FIRST FLIGHT FEDERAL CREDIT UNION | $9,595,000 | $6,130,000 | -36.1% | 0.5% |
| JPMorgan Chase Bank | $3,725,000 | $5,980,000 | 60.5% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,070,000 | $5,260,000 | 391.6% | 0.4% |
| Renasant Bank | $4,730,000 | $5,080,000 | 7.4% | 0.4% |
| Corporate Investors Mortgage Group, Inc. | $2,845,000 | $5,000,000 | 75.7% | 0.4% |
| Southern Bank and Trust Company | $6,360,000 | $4,995,000 | -21.5% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,290,000 | $4,805,000 | 109.8% | 0.4% |
| Alpha Mortgage Corporation | $4,615,000 | n/a | 0.4% | |
| CLEARPATH LENDING | $6,955,000 | $4,565,000 | -34.4% | 0.4% |
| HOME POINT FINANCIAL CORPORATION | $2,430,000 | $4,405,000 | 81.3% | 0.4% |
| Alcova Mortgage LLC | $2,770,000 | $4,340,000 | 56.7% | 0.3% |
| Carrington Mortgage Services, LLC | $4,120,000 | $4,300,000 | 4.4% | 0.3% |
| The Federal Savings Bank | $3,715,000 | $4,015,000 | 8.1% | 0.3% |
| United Bank | $3,155,000 | $3,940,000 | 24.9% | 0.3% |
| First National Bank of Pennsylvania | $1,715,000 | $3,935,000 | 129.4% | 0.3% |
| NEWREZ LLC | $2,220,000 | $3,875,000 | 74.5% | 0.3% |
| RESIDENTIAL MORTGAGE SERVICES, INC. | $2,630,000 | $3,755,000 | 42.8% | 0.3% |
| West Town Bank & Trust | $2,150,000 | $3,555,000 | 65.3% | 0.3% |
| EQUITY RESOURCES, INC. | $1,260,000 | $3,445,000 | 173.4% | 0.3% |
| INTERCOASTAL MORTGAGE COMPANY | $1,090,000 | $3,430,000 | 214.7% | 0.3% |
| InterContinental Capital Group, Inc | $2,860,000 | $3,425,000 | 19.8% | 0.3% |
| KELLER MORTGAGE, LLC | $1,580,000 | $3,330,000 | 110.8% | 0.3% |
| PENTAGON FEDERAL CREDIT UNION | $1,870,000 | $3,160,000 | 69.0% | 0.3% |
| Flagstar Bank, FSB | $1,020,000 | $3,155,000 | 209.3% | 0.3% |
| BROKER SOLUTIONS, INC. | $3,745,000 | $3,095,000 | -17.4% | 0.2% |
| CMG MORTGAGE, INC. | $760,000 | $3,070,000 | 303.9% | 0.2% |
| Towne Bank | $2,735,000 | $3,020,000 | 10.4% | 0.2% |
| FirstBank | $2,775,000 | n/a | 0.2% | |
| Union Bank | $2,110,000 | $2,730,000 | 29.4% | 0.2% |
| SUN WEST MORTGAGE COMPANY, INC. | $2,025,000 | $2,715,000 | 34.1% | 0.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,200,000 | $2,575,000 | 114.6% | 0.2% |
| First Guaranty Mortgage Corporation | $1,145,000 | $2,555,000 | 123.1% | 0.2% |
| ANGEL OAK HOME LOANS LLC | $1,725,000 | $2,505,000 | 45.2% | 0.2% |
| AMERICAN FINANCING CORPORATION | $1,280,000 | $2,480,000 | 93.8% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $1,020,000 | $2,255,000 | 121.1% | 0.2% |
| CRESCENT MORTGAGE COMPANY | $5,100,000 | $2,235,000 | -56.2% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,155,000 | $2,185,000 | 89.2% | 0.2% |
| Wyndham Capital Mortgage, Inc. | $2,750,000 | $2,180,000 | -20.7% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $875,000 | $2,160,000 | 146.9% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,620,000 | $2,125,000 | 31.2% | 0.2% |
| PLANET HOME LENDING, LLC | $1,045,000 | $2,090,000 | 100.0% | 0.2% |
| 21ST MORTGAGE CORPORATION | $3,110,000 | $2,060,000 | -33.8% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,340,000 | $1,995,000 | -14.7% | 0.2% |
| T2 FINANCIAL LLC | $255,000 | $1,975,000 | 674.5% | 0.2% |
| First Bank | $2,395,000 | $1,910,000 | -20.3% | 0.2% |
| STEARNS LENDING, LLC | $5,540,000 | $1,900,000 | -65.7% | 0.2% |
| NBKC BANK | $820,000 | $1,895,000 | 131.1% | 0.2% |
| BNC National Bank | $1,210,000 | $1,855,000 | 53.3% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $1,815,000 | $1,850,000 | 1.9% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $3,210,000 | $1,805,000 | -43.8% | 0.1% |
| ZILLOW HOME LOANS, LLC | $315,000 | $1,705,000 | 441.3% | 0.1% |
| Marine Federal Credit Union | $1,395,000 | $1,670,000 | 19.7% | 0.1% |
| First Heritage Mortgage, LLC | $1,115,000 | $1,645,000 | 47.5% | 0.1% |
| Cedar Rapids Bank and Trust Company | $1,635,000 | n/a | 0.1% | |
| Lakeview Community Capital, LLC | $955,000 | $1,630,000 | 70.7% | 0.1% |
| COASTAL Federal Credit Union | $505,000 | $1,575,000 | 211.9% | 0.1% |
| Gateway First Bank | $1,070,000 | $1,555,000 | 45.3% | 0.1% |
| Hometown Lenders, Inc. | $385,000 | $1,410,000 | 266.2% | 0.1% |
| GUILD MORTGAGE COMPANY | $400,000 | $1,315,000 | 228.8% | 0.1% |
| Fifth Third Bank | $1,205,000 | $1,305,000 | 8.3% | 0.1% |
| South State Bank | $55,000 | $1,285,000 | 2,236.4% | 0.1% |
| Mid-Continent Funding, Inc. | $360,000 | $1,240,000 | 244.4% | 0.1% |
| North American Savings Bank, F.S.B. | $2,220,000 | $1,235,000 | -44.4% | 0.1% |
| North State Bank | $255,000 | $1,230,000 | 382.4% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $640,000 | $1,200,000 | 87.5% | 0.1% |
| SOUTHERN TRUST MORTGAGE, LLC | $1,495,000 | $1,185,000 | -20.7% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $1,310,000 | $1,165,000 | -11.1% | 0.1% |
| Manufacturers and Traders Trust Company | $270,000 | $1,155,000 | 327.8% | 0.1% |
| PHH Mortgage Corporation | $325,000 | $1,150,000 | 253.8% | 0.1% |
| CERTAINTY HOME LOANS, LLC | $475,000 | $1,140,000 | 140.0% | 0.1% |
| Charles Schwab Bank, SSB | $1,120,000 | n/a | 0.1% | |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $1,095,000 | n/a | 0.1% | |
| GoPrime Mortgage, Inc. | $1,945,000 | $1,085,000 | -44.2% | 0.1% |
| EMBRACE HOME LOANS, INC. | $500,000 | $1,015,000 | 103.0% | 0.1% |
| First Federal Bank | $1,005,000 | n/a | 0.1% | |
| U.S. Bank | $2,860,000 | $1,000,000 | -65.0% | 0.1% |
| Stifel Bank and Trust | $320,000 | $995,000 | 210.9% | 0.1% |
| First Mortgage Solutions, LLC | $985,000 | n/a | 0.1% | |
| Low VA Rates, LLC | $1,605,000 | $985,000 | -38.6% | 0.1% |
| Select Bank & Trust Company | $30,155,000 | $985,000 | -96.7% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,180,000 | $980,000 | -16.9% | 0.1% |
| TD Bank | $380,000 | $970,000 | 155.3% | 0.1% |
| SeaTrust Mortgage Company | $680,000 | $950,000 | 39.7% | 0.1% |
| NASA Federal Credit Union | $25,000 | $935,000 | 3,640.0% | 0.1% |
| AgCarolina Farm Credit, FLCA | $260,000 | $930,000 | 257.7% | 0.1% |
| SOVEREIGN LENDING GROUP INCORPORATED | $1,580,000 | $895,000 | -43.4% | 0.1% |
| Citizens Bank | $1,560,000 | $885,000 | -43.3% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $105,000 | $880,000 | 738.1% | 0.1% |
| Regions Bank | $1,160,000 | $865,000 | -25.4% | 0.1% |
| Equity Prime Mortgage LLC | $855,000 | n/a | 0.1% | |
| HOMESTAR FINANCIAL CORPORATION | $1,065,000 | $850,000 | -20.2% | 0.1% |
| WEYCO COMMUNITY CREDIT UNION | $1,140,000 | $850,000 | -25.4% | 0.1% |
| CAPITAL CENTER, L.L.C. | $735,000 | $830,000 | 12.9% | 0.1% |
| Nations Lending Corporation | $340,000 | $830,000 | 144.1% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $1,235,000 | $770,000 | -37.7% | 0.1% |
| PREMIA MORTGAGE, LLC | $770,000 | n/a | 0.1% | |
| The Central Trust Bank | $760,000 | n/a | 0.1% | |
| NBH Bank | $740,000 | n/a | 0.1% | |
| 1ST SIGNATURE LENDING, LLC | $55,000 | $735,000 | 1,236.4% | 0.1% |
| SOFI LENDING CORP. | $820,000 | $735,000 | -10.4% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $755,000 | $730,000 | -3.3% | 0.1% |
| NFM, INC. | $505,000 | $720,000 | 42.6% | 0.1% |
| Prosperity Home Mortgage, LLC | $410,000 | $720,000 | 75.6% | 0.1% |
| IMPAC MORTGAGE CORP. | $705,000 | n/a | 0.1% | |
| LIBERTY HOME MORTGAGE CORPORATION | $245,000 | $705,000 | 187.8% | 0.1% |
| AmeriHome Mortgage Company, LLC | $1,070,000 | $700,000 | -34.6% | 0.1% |
| Raymond James Bank | $165,000 | $665,000 | 303.0% | 0.1% |
| CONTOUR MORTGAGE CORPORATION | $285,000 | $655,000 | 129.8% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $605,000 | $650,000 | 7.4% | 0.1% |
| MCLEAN MORTGAGE CORPORATION | $335,000 | $640,000 | 91.0% | 0.1% |
| UNITED SECURITY FINANCIAL CORP | $155,000 | $635,000 | 309.7% | 0.1% |
| George Mason Mortgage, LLC | $430,000 | $625,000 | 45.3% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $1,490,000 | $620,000 | -58.4% | 0.0% |
| The Fidelity Bank | $650,000 | $620,000 | -4.6% | 0.0% |
| GSF Mortgage Corporation | $1,215,000 | $615,000 | -49.4% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $2,165,000 | $600,000 | -72.3% | 0.0% |
| Ixonia Bank | $600,000 | n/a | 0.0% | |
| LOANPAL, LLC | $235,000 | $590,000 | 151.1% | 0.0% |
| Arvest Bank | $885,000 | $575,000 | -35.0% | 0.0% |
| Pinnacle Bank | $255,000 | $570,000 | 123.5% | 0.0% |
| Meridian Bank Corporation | $185,000 | $550,000 | 197.3% | 0.0% |
| BM Real Estate Services, Inc. | $195,000 | $545,000 | 179.5% | 0.0% |
| Sunflower Bank | $685,000 | $545,000 | -20.4% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $535,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $510,000 | $525,000 | 2.9% | 0.0% |
| HOMESTEAD FUNDING CORP. | $525,000 | n/a | 0.0% | |
| First Home Bank | $515,000 | n/a | 0.0% | |
| Morgan Stanley Private Bank | $685,000 | $515,000 | -24.8% | 0.0% |
| TJC Mortgage, Inc. | $510,000 | n/a | 0.0% | |
| Blue Ridge Bank | $185,000 | $500,000 | 170.3% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $500,000 | n/a | 0.0% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $820,000 | $495,000 | -39.6% | 0.0% |
| KS StateBank | $165,000 | $490,000 | 197.0% | 0.0% |
| Republic Bank & Trust Company | $485,000 | n/a | 0.0% | |
| Magnolia Bank | $1,190,000 | $480,000 | -59.7% | 0.0% |
| AFFINITY | $475,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $95,000 | $470,000 | 394.7% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $45,000 | $460,000 | 922.2% | 0.0% |
| TIAA, FSB | $775,000 | $460,000 | -40.6% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $850,000 | $455,000 | -46.5% | 0.0% |
| Bank of England | $675,000 | $455,000 | -32.6% | 0.0% |
| FIRST HOME MORTGAGE CORPORATION | $550,000 | $450,000 | -18.2% | 0.0% |
| LENDUS, LLC | $1,375,000 | $450,000 | -67.3% | 0.0% |
| Uwharrie Bank | $435,000 | $440,000 | 1.1% | 0.0% |
| Strong Home Mortgage, LLC | $425,000 | $425,000 | 0.0% | 0.0% |
| American National Bank and Trust Company | $420,000 | n/a | 0.0% | |
| NP, Inc. | $500,000 | $420,000 | -16.0% | 0.0% |
| GENEVA FINANCIAL, LLC | $410,000 | n/a | 0.0% | |
| First National Bank of America | $175,000 | $405,000 | 131.4% | 0.0% |
| Mortgage Assurance Inc. | $405,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $395,000 | n/a | 0.0% | |
| ACCELERATE MORTGAGE, LLC | $335,000 | $390,000 | 16.4% | 0.0% |
| Atlantic Coast Mortgage, LLC | $390,000 | n/a | 0.0% | |
| C & F Mortgage Corporation | $330,000 | $385,000 | 16.7% | 0.0% |
| Baxter Credit Union | $380,000 | n/a | 0.0% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $360,000 | n/a | 0.0% | |
| REVERSE MORTGAGE FUNDING LLC | $355,000 | n/a | 0.0% | |
| BMO Harris Bank | $345,000 | n/a | 0.0% | |
| First Bank | $2,395,000 | $345,000 | -85.6% | 0.0% |
| KS Bank, Inc. | $345,000 | n/a | 0.0% | |
| United Community Bank | $555,000 | $345,000 | -37.8% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $165,000 | $340,000 | 106.1% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $335,000 | n/a | 0.0% | |
| Integrity Home Mortgage Corp | $330,000 | n/a | 0.0% | |
| A&D Mortgage LLC | $255,000 | $325,000 | 27.5% | 0.0% |
| Victorian Finance, LLC | $325,000 | n/a | 0.0% | |
| Cf Bank | $315,000 | n/a | 0.0% | |
| Colten Mortgage, LLC | $305,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $305,000 | n/a | 0.0% | |
| First Federal Bank of Kansas City | $1,005,000 | $295,000 | -70.6% | 0.0% |
| MORTGAGE EQUITY PARTNERS LLC | $295,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $455,000 | $295,000 | -35.2% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $500,000 | $295,000 | -41.0% | 0.0% |
| Northpointe Bank | $805,000 | $290,000 | -64.0% | 0.0% |
| POLARIS HOME FUNDING CORP. | $630,000 | $290,000 | -54.0% | 0.0% |
| SPRING EQ, LLC | $120,000 | $290,000 | 141.7% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $160,000 | $290,000 | 81.3% | 0.0% |
| Choice Financial Group | $275,000 | n/a | 0.0% | |
| First Bank & Trust | $275,000 | n/a | 0.0% | |
| EASTMAN | $220,000 | $265,000 | 20.5% | 0.0% |
| First Internet Bank of Indiana | $265,000 | $265,000 | 0.0% | 0.0% |
| MIDLAND MORTGAGE CORPORATION | $375,000 | $265,000 | -29.3% | 0.0% |
| NORWICH COMMERCIAL GROUP, INC. | $265,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $260,000 | n/a | 0.0% | |
| Assurance Financial Group, L.L.C. | $155,000 | $260,000 | 67.7% | 0.0% |
| N R L Federal Credit Union | $260,000 | n/a | 0.0% | |
| Citibank | $115,000 | $255,000 | 121.7% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $485,000 | $255,000 | -47.4% | 0.0% |
| First Carolina Bank | $255,000 | n/a | 0.0% | |
| PIKE CREEK MORTGAGE SERVICES, INC. | $255,000 | n/a | 0.0% | |
| Presidential Bank, FSB | $270,000 | $255,000 | -5.6% | 0.0% |
| ALLEGACY FEDERAL CREDIT UNION | $190,000 | $245,000 | 28.9% | 0.0% |
| OAKTREE FUNDING CORP. | $245,000 | n/a | 0.0% | |
| VELOCIO MORTGAGE L.L.C. | $245,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $245,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $245,000 | n/a | 0.0% | |
| Credence Funding Corporation | $235,000 | n/a | 0.0% | |
| Empower Federal Credit Union | $235,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $450,000 | $235,000 | -47.8% | 0.0% |
| Tidewater Home Funding, LLC | $235,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $225,000 | n/a | 0.0% | |
| First State Bank of St. Charles, Missouri | $225,000 | n/a | 0.0% | |
| LENDERFI, INC. | $540,000 | $225,000 | -58.3% | 0.0% |
| NTFN, INC. | $225,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $360,000 | $225,000 | -37.5% | 0.0% |
| American Airlines Federal Credit Union | $215,000 | n/a | 0.0% | |
| Colonial Savings, F.A. | $215,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $360,000 | $215,000 | -40.3% | 0.0% |
| BAYSHORE MORTGAGE FUNDING, LLC | $1,045,000 | $210,000 | -79.9% | 0.0% |
| COMMUNITY FIRST CREDIT UNION OF FLO | $195,000 | n/a | 0.0% | |
| Goldwater Bank, N.A. | $165,000 | $195,000 | 18.2% | 0.0% |
| MILEND, INC. | $195,000 | $195,000 | 0.0% | 0.0% |
| MORTGAGE INVESTORS GROUP, INC. | $295,000 | $195,000 | -33.9% | 0.0% |
| Truliant Federal Credit Union | $70,000 | $195,000 | 178.6% | 0.0% |
| Auto Club Trust, FSB | $225,000 | $185,000 | -17.8% | 0.0% |
| Commercial Bank of Texas | $185,000 | n/a | 0.0% | |
| FAIRWINDS CREDIT UNION | $185,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $185,000 | n/a | 0.0% | |
| Mortgage Network, Inc. | $185,000 | n/a | 0.0% | |
| SIGNATURE MORTGAGE CORPORATION | $300,000 | $185,000 | -38.3% | 0.0% |
| SKYONE Federal Credit Union | $185,000 | n/a | 0.0% | |
| CORNING | $425,000 | $180,000 | -57.6% | 0.0% |
| Atlantic Home Loans, Inc. | $175,000 | n/a | 0.0% | |
| Austin Capital Bank SSB | $320,000 | $175,000 | -45.3% | 0.0% |
| Mortgage Lenders Investment Trading Corporation | $175,000 | n/a | 0.0% | |
| RESIDENTIAL HOME FUNDING CORP. | $175,000 | n/a | 0.0% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $175,000 | n/a | 0.0% | |
| AMERICAN ADVISORS GROUP | $620,000 | $170,000 | -72.6% | 0.0% |
| BELEM SERVICING LLC | $165,000 | n/a | 0.0% | |
| Level One Bank | $165,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $100,000 | $160,000 | 60.0% | 0.0% |
| AMERIFIRST FINANCIAL CORPORATION | $250,000 | $155,000 | -38.0% | 0.0% |
| FINANCE OF AMERICA COMMERCIAL LLC | $155,000 | n/a | 0.0% | |
| First Reliance Bank | $185,000 | $155,000 | -16.2% | 0.0% |
| RAPID MORTGAGE COMPANY | $1,430,000 | $155,000 | -89.2% | 0.0% |
| Shamrock Home Loans, Inc. | $155,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $155,000 | n/a | 0.0% | |
| ARC HOME LLC | $600,000 | $145,000 | -75.8% | 0.0% |
| Armed Forces Bank | $105,000 | $145,000 | 38.1% | 0.0% |
| SHARONVIEW FEDERAL CREDIT UNION | $145,000 | n/a | 0.0% | |
| NEW FED MORTGAGE, CORP. | $135,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $135,000 | n/a | 0.0% | |
| S1L, Inc. | $135,000 | n/a | 0.0% | |
| TEXAS TECH | $135,000 | n/a | 0.0% | |
| EMM LOANS LLC | $125,000 | n/a | 0.0% | |
| Plains Commerce Bank | $135,000 | $125,000 | -7.4% | 0.0% |
| Quontic Bank | $125,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $105,000 | n/a | 0.0% | |
| EXCITE Credit Union | $105,000 | n/a | 0.0% | |
| FAY SERVICING, LLC | $105,000 | n/a | 0.0% | |
| F & M BANK CORP. | $105,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $105,000 | n/a | 0.0% | |
| NewTowne Mortgage, LLC | $1,315,000 | $105,000 | -92.0% | 0.0% |
| SUMMIT FUNDING, INC. | $155,000 | $105,000 | -32.3% | 0.0% |
| THE EQUITABLE MORTGAGE CORPORATION | $105,000 | n/a | 0.0% | |
| AmRes Corporation | $85,000 | n/a | 0.0% | |
| Discover Bank | $85,000 | n/a | 0.0% | |
| JET DIRECT FUNDING CORP | $85,000 | n/a | 0.0% | |
| UBS Bank USA | $85,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $1,040,000 | $75,000 | -92.8% | 0.0% |
| MICHIGAN MUTUAL, INC. | $75,000 | n/a | 0.0% | |
| Figure Lending LLC | $220,000 | $70,000 | -68.2% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $135,000 | $65,000 | -51.9% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $430,000 | $65,000 | -84.9% | 0.0% |
| ANDREWS FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $55,000 | n/a | 0.0% | |
| DELTA COMMUNITY CREDIT UNION | $145,000 | $55,000 | -62.1% | 0.0% |
| ATLANTA POSTAL | $25,000 | n/a | 0.0% | |
| PROPONENT Federal Credit Union | $285,000 | $15,000 | -94.7% | 0.0% |
NEW BERN's top lender by overall market share is QUICKEN LOANS, LLC, with 7.6% market share. In second place, with 7.3%, is First-Citizens Bank & Trust Company, having originated $90,705,000 in loans. In third place, with 6.8%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $84,880,000 in loans. In third place, with 6.0%, is NAVY FEDERAL CREDIT UNION, having originated $75,210,000 in loans. In third place, with 5.8%, is MOVEMENT MORTGAGE, LLC, having originated $72,425,000 in loans.
NEW BERN, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,820 | $658,950,000 | $233,670 |
| Refi | 2,142 | $398,000,000 | $185,808 |
| Cash Out Refi | 787 | $158,535,000 | $201,442 |
| Other | 219 | $22,345,000 | $102,032 |
| Home Improvement | 136 | $12,450,000 | $91,544 |
New Bern's most frequently cited loan purpose was Home Purchase, with 2,820 originations. The 2nd most popular reason was Refi, with 2,142 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 2,335 | $483,185,000 | $206,931 |
| 3-4% | 2,095 | $428,705,000 | $204,632 |
| <2.5% | 1,314 | $284,020,000 | $216,149 |
| 4-5% | 189 | $30,005,000 | $158,757 |
| 5-6% | 30 | $3,650,000 | $121,667 |
| 6-7% | 23 | $2,665,000 | $115,870 |
| Over 8% | 22 | $2,130,000 | $96,818 |
| 7-8% | 11 | $1,285,000 | $116,818 |
During 2021, New Bern's most frequently originated rate bucket was 2.5-3%, with 2,335 originations.
Loan Sizing (NEW BERN, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 2,793 | $417,995,000 | $149,658 |
| $200k-400k | 2,173 | $574,945,000 | $264,586 |
| $100,000 or less | 836 | $56,310,000 | $67,356 |
| $400k-600k | 243 | $115,415,000 | $474,959 |
| $600k-1000k | 43 | $30,535,000 | $710,116 |
| $Over $1MM | 16 | $55,080,000 | $3,442,500 |
NEW BERN's loan sizing saw the bucket of loans from $100k-200k with 2,793 originations, totaling $417,995,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,682 | $587,560,000 | $219,075 |
| 60-80% | 1,586 | $359,560,000 | $226,709 |
| 40-60% | 630 | $110,590,000 | $175,540 |
| 20-40% | 286 | $31,840,000 | $111,329 |
| Over 100% | 236 | $59,760,000 | $253,220 |
| Under 20% | 190 | $8,270,000 | $43,526 |
NEW BERN's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,682 originations, totaling $587,560,000 in origination value.
