North Wilkesboro Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in North Wilkesboro averaged
6.38%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.41% and
one month ago for the week of 2024-10-03, the
average rate was 6.01%.
North Wilkesboro's average rate one year ago was 7.25%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.19%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| North Wilkesboro 30 Year Fixed Rate | 2024-11-07 | 6.38% |
| North Wilkesboro 30 Year Fixed Rate Refi | 2024-11-07 | 7.19% |
| North Wilkesboro 15 Year Fixed Rate | 2024-11-07 | 6.1% |
| North Wilkesboro 15 Year Fixed Rate Refi | 2024-11-07 | 6.4% |
| North Wilkesboro 30 Year FHA | 2024-11-07 | 6.33% |
| North Wilkesboro 30 Year FHA Refi | 2024-11-07 | 6.53% |
| North Wilkesboro 30 Year USDA | 2024-11-07 | 6.28% |
| North Wilkesboro 30 Year USDA Refi | 2024-11-07 | 6.68% |
| North Wilkesboro 30 Year VA | 2024-11-07 | 6.34% |
| North Wilkesboro 30 Year VA Refi | 2024-11-07 | 6.44% |
North Wilkesboro 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 North Wilkesboro, 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.).
North Wilkesboro Average Closing Costs & Other Stats
North Wilkesboro, NC's 58 lenders originated 1,002
loans during 2023. The total origination value was $170,030,000, with an average loan value of
$169,691.
North Wilkesboro's average closing costs are $4,488.
The top North Wilkesboro lender as defined by loan originations is STATE EMPLOYEES', with
114 loans originated. Their average total fees are
$3,899, which is $2,338
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee North Wilkesboro lenders (with over 10 loans originated) are
LOCAL GOVERNMENT FEDERAL CREDIT UNION ($3,440), STATE EMPLOYEES' ($3,899), Truist ($4,242), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,371) and Wells Fargo Bank ($6,136).
The lowest rate North Wilkesboro lenders (with over 10 loans originated) are
STATE EMPLOYEES' (5.99%), LOCAL GOVERNMENT FEDERAL CREDIT UNION (6.22%), Wells Fargo Bank (6.43%), Truist (6.43%) and INTERCOASTAL MORTGAGE COMPANY (6.71%).
North Wilkesboro, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| STATE EMPLOYEES' | $41,620,000 | $37,790,000 | -9.2% | 22.2% |
| QUICKEN LOANS, LLC | $12,200,000 | $12,660,000 | 3.8% | 7.4% |
| First National Bank of Pennsylvania | $14,395,000 | $9,355,000 | -35.0% | 5.5% |
| Truist | $10,395,000 | $7,955,000 | -23.5% | 4.7% |
| INTERCOASTAL MORTGAGE COMPANY | $2,905,000 | $5,990,000 | 106.2% | 3.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $4,045,000 | $5,975,000 | 47.7% | 3.5% |
| MOVEMENT MORTGAGE, LLC | $7,495,000 | $5,530,000 | -26.2% | 3.3% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $9,035,000 | $5,515,000 | -39.0% | 3.2% |
| Mortgage Research Center, LLC | $3,355,000 | $4,905,000 | 46.2% | 2.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,550,000 | $4,620,000 | 1.5% | 2.7% |
| First-Citizens Bank & Trust Company | $6,935,000 | $4,050,000 | -41.6% | 2.4% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $5,795,000 | $3,850,000 | -33.6% | 2.3% |
| Alcova Mortgage LLC | $6,810,000 | $3,775,000 | -44.6% | 2.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,385,000 | $2,520,000 | 5.7% | 1.5% |
| Wells Fargo Bank | $5,660,000 | $2,435,000 | -57.0% | 1.4% |
| Skyline National Bank | $4,515,000 | $2,195,000 | -51.4% | 1.3% |
| TD Bank | $165,000 | $1,970,000 | 1,093.9% | 1.2% |
| First Horizon Bank | $2,220,000 | $1,935,000 | -12.8% | 1.1% |
| FREEDOM MORTGAGE CORPORATION | $755,000 | $1,680,000 | 122.5% | 1.0% |
| NAVY FEDERAL CREDIT UNION | $1,300,000 | $1,675,000 | 28.8% | 1.0% |
| ACADEMY MORTGAGE CORPORATION | $1,560,000 | n/a | 0.9% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,485,000 | n/a | 0.9% | |
| CROSSCOUNTRY MORTGAGE, LLC | $1,425,000 | $1,465,000 | 2.8% | 0.9% |
| Fifth Third Bank | $965,000 | $1,425,000 | 47.7% | 0.8% |
| GUARANTEED RATE, INC. | $470,000 | $1,315,000 | 179.8% | 0.8% |
| Peoples Bank | $135,000 | $1,215,000 | 800.0% | 0.7% |
| U.S. Bank | $415,000 | $1,140,000 | 174.7% | 0.7% |
| T2 FINANCIAL LLC | $795,000 | $1,130,000 | 42.1% | 0.7% |
| Piedmont Federal Savings Bank | $3,510,000 | $1,115,000 | -68.2% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,135,000 | $1,110,000 | -48.0% | 0.7% |
| USAA Federal Savings Bank | $765,000 | $1,010,000 | 32.0% | 0.6% |
| UNION HOME MORTGAGE CORP. | $1,000,000 | n/a | 0.6% | |
| JPMorgan Chase Bank | $2,650,000 | $985,000 | -62.8% | 0.6% |
| DRAPER AND KRAMER MORTGAGE CORP. | $960,000 | n/a | 0.6% | |
| AgSouth Farm Credit, ACA | $910,000 | n/a | 0.5% | |
| AgFirst Farm Credit Bank | $2,235,000 | $785,000 | -64.9% | 0.5% |
| LOANDEPOT.COM, LLC | $2,930,000 | $720,000 | -75.4% | 0.4% |
| Heritage Bank | $675,000 | n/a | 0.4% | |
| PENNYMAC LOAN SERVICES, LLC | $910,000 | $645,000 | -29.1% | 0.4% |
| FINANCE OF AMERICA REVERSE LLC | $625,000 | n/a | 0.4% | |
| Prosperity Home Mortgage, LLC | $620,000 | n/a | 0.4% | |
| BROKER SOLUTIONS, INC. | $435,000 | $595,000 | 36.8% | 0.3% |
| LATINO COMMUNITY CREDIT UNION | $240,000 | $565,000 | 135.4% | 0.3% |
| GoPrime Mortgage, Inc. | $535,000 | $560,000 | 4.7% | 0.3% |
| Taylorsville Savings Bank SSB | $205,000 | $550,000 | 168.3% | 0.3% |
| Truliant Federal Credit Union | $1,010,000 | $535,000 | -47.0% | 0.3% |
| Strong Home Mortgage, LLC | $530,000 | n/a | 0.3% | |
| Ameris Bank | $465,000 | $500,000 | 7.5% | 0.3% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $480,000 | n/a | 0.3% | |
| Blue Ridge Bank | $175,000 | $465,000 | 165.7% | 0.3% |
| Wolfe Financial, Inc | $460,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $660,000 | $440,000 | -33.3% | 0.3% |
| RELIANCE FIRST CAPITAL, LLC | $455,000 | $420,000 | -7.7% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $415,000 | n/a | 0.2% | |
| GMFS LLC | $385,000 | n/a | 0.2% | |
| Meridian Bank Corporation | $375,000 | n/a | 0.2% | |
| COUNTRYPLACE MORTGAGE, LTD. | $370,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $490,000 | $365,000 | -25.5% | 0.2% |
| New Peoples Bank, Inc. | $365,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $355,000 | n/a | 0.2% | |
| First Community Bank | $620,000 | $350,000 | -43.5% | 0.2% |
| CORNERSTONE HOME LENDING, INC. | $345,000 | n/a | 0.2% | |
| CARDINAL FINANCIAL | $1,420,000 | $330,000 | -76.8% | 0.2% |
| The Federal Savings Bank | $700,000 | $325,000 | -53.6% | 0.2% |
| NEW DAY FINANCIAL, LLC | $145,000 | $315,000 | 117.2% | 0.2% |
| First Reliance Bank | $920,000 | $305,000 | -66.8% | 0.2% |
| RBC Bank, (Georgia) | $295,000 | n/a | 0.2% | |
| SeaTrust Mortgage Company | $600,000 | $295,000 | -50.8% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $205,000 | $285,000 | 39.0% | 0.2% |
| M&T Bank | $275,000 | n/a | 0.2% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $840,000 | $255,000 | -69.6% | 0.1% |
| 21ST MORTGAGE CORPORATION | $285,000 | $250,000 | -12.3% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $270,000 | $240,000 | -11.1% | 0.1% |
| NFM, INC. | $1,345,000 | $235,000 | -82.5% | 0.1% |
| UNITED | $235,000 | n/a | 0.1% | |
| EMM LOANS LLC | $860,000 | $230,000 | -73.3% | 0.1% |
| COASTAL Federal Credit Union | $275,000 | $225,000 | -18.2% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $200,000 | $220,000 | 10.0% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $220,000 | n/a | 0.1% | |
| Bank of England | $365,000 | $215,000 | -41.1% | 0.1% |
| NEWREZ LLC | $885,000 | $215,000 | -75.7% | 0.1% |
| VERITAS FUNDING, LLC | $215,000 | n/a | 0.1% | |
| GUILD MORTGAGE COMPANY | $195,000 | n/a | 0.1% | |
| Northpointe Bank | $495,000 | $195,000 | -60.6% | 0.1% |
| EXCITE Credit Union | $185,000 | n/a | 0.1% | |
| MILEND, INC. | $225,000 | $185,000 | -17.8% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $205,000 | $185,000 | -9.8% | 0.1% |
| CMG MORTGAGE, INC. | $325,000 | $175,000 | -46.2% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $175,000 | n/a | 0.1% | |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $165,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $155,000 | n/a | 0.1% | |
| Bank of America | $1,265,000 | $150,000 | -88.1% | 0.1% |
| Atlantic Coast Mortgage, LLC | $145,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $145,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $300,000 | $125,000 | -58.3% | 0.1% |
| OCMBC, INC. | $125,000 | n/a | 0.1% | |
| RUOFF MORTGAGE COMPANY, INC. | $125,000 | n/a | 0.1% | |
| CHARLOTTE METRO FEDERAL CREDIT UNION | $105,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $105,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $105,000 | n/a | 0.1% | |
| Apex Bank | $95,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $95,000 | n/a | 0.1% | |
| FOUNDERS FEDERAL CREDIT UNION | $650,000 | $85,000 | -86.9% | 0.0% |
| PROPONENT Federal Credit Union | $85,000 | n/a | 0.0% | |
| United Community Bank | $1,165,000 | $75,000 | -93.6% | 0.0% |
| Discover Bank | $250,000 | $65,000 | -74.0% | 0.0% |
| Equity Prime Mortgage LLC | $65,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $90,000 | $55,000 | -38.9% | 0.0% |
| PNC Bank | $555,000 | $55,000 | -90.1% | 0.0% |
| RESIDENTIAL BANCORP | $305,000 | $55,000 | -82.0% | 0.0% |
| Bethpage Federal Credit Union | $35,000 | n/a | 0.0% | |
| Citizens Bank | $35,000 | n/a | 0.0% | |
| Flagstar Bank, FSB | $115,000 | $35,000 | -69.6% | 0.0% |
| ALLEGACY FEDERAL CREDIT UNION | $1,230,000 | $25,000 | -98.0% | 0.0% |
| Figure Lending LLC | $555,000 | $25,000 | -95.5% | 0.0% |
North Wilkesboro's top lender by overall market share is STATE EMPLOYEES', with 22.2% market share. In second place, with 7.4%, is QUICKEN LOANS, LLC, having originated $12,660,000 in loans. In third place, with 5.5%, is First National Bank of Pennsylvania, having originated $9,355,000 in loans. In fourth place, with 4.7%, is Truist, having originated $7,955,000 in loans. In fifth place, with 3.5%, is INTERCOASTAL MORTGAGE COMPANY, having originated $5,990,000 in loans.
North Wilkesboro, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 518 | $118,980,000 | $229,691 |
| Refi | 152 | $18,100,000 | $119,079 |
| Home Improvement | 137 | $10,345,000 | $75,511 |
| Other | 114 | $9,300,000 | $81,579 |
| Cash Out Refi | 81 | $13,305,000 | $164,259 |
North Wilkesboro's most frequently cited loan purpose was Home Purchase, with 518 originations. The 2nd most popular reason was Refi, with 152 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 296 | $62,280,000 | $210,405 |
| 7-8% | 290 | $45,410,000 | $156,586 |
| 5-6% | 187 | $36,805,000 | $196,818 |
| 4-5% | 112 | $11,240,000 | $100,357 |
| Over 8% | 79 | $10,515,000 | $133,101 |
| <2.5% | 7 | $295,000 | $42,143 |
| 2.5-3% | 7 | $525,000 | $75,000 |
During 2023, North Wilkesboro's most frequently originated rate bucket was 6-7%, with 296 originations.
Loan Sizing (North Wilkesboro, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 360 | $20,140,000 | $55,944 |
| $100k-200k | 342 | $50,310,000 | $147,105 |
| $200k-400k | 237 | $64,615,000 | $272,637 |
| $400k-600k | 47 | $21,965,000 | $467,340 |
| $600k-1000k | 12 | $8,150,000 | $679,167 |
| $Over $1MM | 4 | $4,850,000 | $1,212,500 |
North Wilkesboro's loan sizing saw the bucket of loans from $100,000 or less with 360 originations, totaling $20,140,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 365 | $84,775,000 | $232,260 |
| 20-40% | 196 | $17,690,000 | $90,255 |
| 60-80% | 154 | $37,850,000 | $245,779 |
| Under 20% | 148 | $6,000,000 | $40,541 |
| 40-60% | 99 | $14,835,000 | $149,848 |
| Over 100% | 22 | $5,360,000 | $243,636 |
North Wilkesboro's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 365 originations, totaling $84,775,000 in origination value.