Pinehurst - Southern Pines Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Pinehurst - Southern Pines averaged
6.55%
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
6.48% and
one month ago for the week of 2024-10-03, the
average rate was 5.98%.
Pinehurst - Southern Pines's average rate one year ago was 7.62%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.89%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Pinehurst - Southern Pines 30 Year Fixed Rate | 2024-11-07 | 6.55% |
| Pinehurst - Southern Pines 30 Year Fixed Rate Refi | 2024-11-07 | 6.89% |
| Pinehurst - Southern Pines 15 Year Fixed Rate | 2024-11-07 | 6% |
| Pinehurst - Southern Pines 15 Year Fixed Rate Refi | 2024-11-07 | 6% |
| Pinehurst - Southern Pines 30 Year FHA | 2024-11-07 | 6.09% |
| Pinehurst - Southern Pines 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Pinehurst - Southern Pines 30 Year USDA | 2024-11-07 | 6.58% |
| Pinehurst - Southern Pines 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Pinehurst - Southern Pines 30 Year VA | 2024-11-07 | 5.85% |
| Pinehurst - Southern Pines 30 Year VA Refi | 2024-11-07 | 6.34% |
Pinehurst - Southern Pines 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 Pinehurst-Southern Pines, 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.).
Pinehurst - Southern Pines Average Closing Costs & Other Stats
Pinehurst-Southern Pines, NC's 149 lenders originated 2,931
loans during 2023. The total origination value was $889,335,000, with an average loan value of
$303,424.
Pinehurst - Southern Pines's average closing costs are $5,902.
The top Pinehurst - Southern Pines lender as defined by loan originations is STATE EMPLOYEES', with
61 loans originated. Their average total fees are
$4,154, which is $3,265
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Pinehurst - Southern Pines lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($2,600), First Bank ($2,986), STATE EMPLOYEES' ($4,154), NAVY FEDERAL CREDIT UNION ($4,199) and Alcova Mortgage LLC ($4,522).
The lowest rate Pinehurst - Southern Pines lenders (with over 10 loans originated) are
First Bank (4.66%), DHI MORTGAGE COMPANY, LTD. (5.35%), STATE EMPLOYEES' (5.94%), NAVY FEDERAL CREDIT UNION (5.97%) and The Fidelity Bank (6.22%).
Pinehurst-Southern Pines, 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 |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $53,425,000 | $58,255,000 | 9.0% | 6.6% |
| First-Citizens Bank & Trust Company | $65,550,000 | $54,900,000 | -16.2% | 6.2% |
| NFM, INC. | $52,670,000 | $50,105,000 | -4.9% | 5.6% |
| MOVEMENT MORTGAGE, LLC | $52,315,000 | $50,065,000 | -4.3% | 5.6% |
| First Bank | $68,030,000 | $49,110,000 | -27.8% | 5.5% |
| QUICKEN LOANS, LLC | $58,025,000 | $35,610,000 | -38.6% | 4.0% |
| STATE EMPLOYEES' | $39,675,000 | $34,500,000 | -13.0% | 3.9% |
| Prosperity Home Mortgage, LLC | $58,030,000 | $27,600,000 | -52.4% | 3.1% |
| GoPrime Mortgage, Inc. | $31,390,000 | $25,680,000 | -18.2% | 2.9% |
| Mortgage Research Center, LLC | $29,165,000 | $21,950,000 | -24.7% | 2.5% |
| Truist | $43,165,000 | $21,260,000 | -50.7% | 2.4% |
| PENNYMAC LOAN SERVICES, LLC | $15,970,000 | $19,600,000 | 22.7% | 2.2% |
| NAVY FEDERAL CREDIT UNION | $18,740,000 | $19,425,000 | 3.7% | 2.2% |
| DHI MORTGAGE COMPANY, LTD. | $5,575,000 | $17,375,000 | 211.7% | 2.0% |
| JET HOMELOANS, LLC | $12,980,000 | $16,765,000 | 29.2% | 1.9% |
| First National Bank of Pennsylvania | $22,555,000 | $16,035,000 | -28.9% | 1.8% |
| UNION HOME MORTGAGE CORP. | $10,560,000 | $15,615,000 | 47.9% | 1.8% |
| The Fidelity Bank | $19,915,000 | $14,190,000 | -28.7% | 1.6% |
| Alcova Mortgage LLC | $22,805,000 | $13,715,000 | -39.9% | 1.5% |
| INTERCOASTAL MORTGAGE COMPANY | $10,845,000 | $13,010,000 | 20.0% | 1.5% |
| ACADEMY MORTGAGE CORPORATION | $1,515,000 | $11,375,000 | 650.8% | 1.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $15,575,000 | $11,175,000 | -28.3% | 1.3% |
| USAA Federal Savings Bank | $15,410,000 | $9,065,000 | -41.2% | 1.0% |
| COASTAL Federal Credit Union | $1,915,000 | $8,990,000 | 369.5% | 1.0% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $3,065,000 | $8,115,000 | 164.8% | 0.9% |
| American Security Mortgage Corp. | $6,825,000 | $6,860,000 | 0.5% | 0.8% |
| BROKER SOLUTIONS, INC. | $6,310,000 | $6,760,000 | 7.1% | 0.8% |
| Wells Fargo Bank | $20,225,000 | $6,585,000 | -67.4% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $6,830,000 | $6,485,000 | -5.1% | 0.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $7,130,000 | $6,265,000 | -12.1% | 0.7% |
| PNC Bank | $14,865,000 | $6,065,000 | -59.2% | 0.7% |
| CMG MORTGAGE, INC. | $10,475,000 | $5,555,000 | -47.0% | 0.6% |
| GUARANTEED RATE, INC. | $10,310,000 | $5,335,000 | -48.3% | 0.6% |
| CARDINAL FINANCIAL | $3,340,000 | $5,105,000 | 52.8% | 0.6% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $2,825,000 | $4,855,000 | 71.9% | 0.5% |
| Bank of America | $11,005,000 | $4,765,000 | -56.7% | 0.5% |
| LOANDEPOT.COM, LLC | $14,375,000 | $4,685,000 | -67.4% | 0.5% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $6,795,000 | $4,355,000 | -35.9% | 0.5% |
| JPMorgan Chase Bank | $4,245,000 | $4,175,000 | -1.6% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $15,495,000 | $4,065,000 | -73.8% | 0.5% |
| AgFirst Farm Credit Bank | $2,090,000 | $3,965,000 | 89.7% | 0.4% |
| PENTAGON FEDERAL CREDIT UNION | $7,455,000 | $3,610,000 | -51.6% | 0.4% |
| NEWREZ LLC | $2,275,000 | $3,605,000 | 58.5% | 0.4% |
| SOUTHERN TRUST MORTGAGE, LLC | $2,500,000 | $3,445,000 | 37.8% | 0.4% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $9,260,000 | $3,315,000 | -64.2% | 0.4% |
| First Horizon Bank | $6,375,000 | $3,310,000 | -48.1% | 0.4% |
| EMM LOANS LLC | $3,140,000 | n/a | 0.4% | |
| TD Bank | $9,295,000 | $2,935,000 | -68.4% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $745,000 | $2,845,000 | 281.9% | 0.3% |
| HOMESIDE FINANCIAL, LLC | $6,620,000 | $2,810,000 | -57.6% | 0.3% |
| The Federal Savings Bank | $7,255,000 | $2,695,000 | -62.9% | 0.3% |
| Plains Commerce Bank | $2,660,000 | n/a | 0.3% | |
| CORNERSTONE HOME LENDING, INC. | $10,165,000 | $2,605,000 | -74.4% | 0.3% |
| Flagstar Bank, FSB | $4,365,000 | $2,465,000 | -43.5% | 0.3% |
| NEW DAY FINANCIAL, LLC | $4,835,000 | $2,430,000 | -49.7% | 0.3% |
| Morgan Stanley Private Bank | $4,850,000 | $2,345,000 | -51.6% | 0.3% |
| LENDINGHOME FUNDING CORPORATION | $1,380,000 | $2,295,000 | 66.3% | 0.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $5,370,000 | $2,295,000 | -57.3% | 0.3% |
| Stifel Bank and Trust | $860,000 | $2,265,000 | 163.4% | 0.3% |
| United Community Bank | $1,375,000 | $2,005,000 | 45.8% | 0.2% |
| Fifth Third Bank | $1,160,000 | $1,945,000 | 67.7% | 0.2% |
| Armed Forces Bank | $1,780,000 | $1,915,000 | 7.6% | 0.2% |
| Pinnacle Bank | $1,235,000 | $1,870,000 | 51.4% | 0.2% |
| The Central Trust Bank | $1,275,000 | $1,830,000 | 43.5% | 0.2% |
| Regions Bank | $1,210,000 | $1,775,000 | 46.7% | 0.2% |
| Citizens Bank | $2,890,000 | $1,725,000 | -40.3% | 0.2% |
| NBKC BANK | $1,065,000 | $1,485,000 | 39.4% | 0.2% |
| Discover Bank | $355,000 | $1,465,000 | 312.7% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $4,065,000 | $1,360,000 | -66.5% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $1,780,000 | $1,340,000 | -24.7% | 0.2% |
| Blue Ridge Bank | $6,825,000 | $1,305,000 | -80.9% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $315,000 | $1,305,000 | 314.3% | 0.1% |
| BNC National Bank | $1,255,000 | $1,285,000 | 2.4% | 0.1% |
| Charles Schwab Bank, SSB | $1,675,000 | $1,280,000 | -23.6% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $1,390,000 | $1,270,000 | -8.6% | 0.1% |
| 1ST SIGNATURE LENDING, LLC | $1,875,000 | $1,265,000 | -32.5% | 0.1% |
| UBS Bank USA | $1,385,000 | $1,260,000 | -9.0% | 0.1% |
| Citibank | $3,640,000 | $1,230,000 | -66.2% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $955,000 | $1,215,000 | 27.2% | 0.1% |
| Atlantic Coast Mortgage, LLC | $805,000 | $1,175,000 | 46.0% | 0.1% |
| Raymond James Bank | $1,110,000 | $1,145,000 | 3.2% | 0.1% |
| REDWOOD RESIDENTIAL ACQUISITION CORPORATION | $1,145,000 | n/a | 0.1% | |
| Waterstone Mortgage Corporation | $1,145,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $1,410,000 | $1,130,000 | -19.9% | 0.1% |
| Towne Bank | $2,780,000 | $1,130,000 | -59.4% | 0.1% |
| TIDEWATER MORTGAGE SERVICES, INC. | $435,000 | $1,115,000 | 156.3% | 0.1% |
| Carrington Mortgage Services, LLC | $1,315,000 | $1,080,000 | -17.9% | 0.1% |
| 21ST MORTGAGE CORPORATION | $560,000 | $1,060,000 | 89.3% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,395,000 | $1,060,000 | -24.0% | 0.1% |
| FIRST HOME MORTGAGE CORPORATION | $385,000 | $1,030,000 | 167.5% | 0.1% |
| HomeTrust Bank | $1,000,000 | n/a | 0.1% | |
| Truliant Federal Credit Union | $1,170,000 | $970,000 | -17.1% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $5,245,000 | $960,000 | -81.7% | 0.1% |
| LOANPAL, LLC | $935,000 | n/a | 0.1% | |
| North American Savings Bank, F.S.B. | $3,630,000 | $920,000 | -74.7% | 0.1% |
| ZILLOW HOME LOANS, LLC | $235,000 | $900,000 | 283.0% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $380,000 | $895,000 | 135.5% | 0.1% |
| First Merchants Bank | $895,000 | n/a | 0.1% | |
| JAMS-01, INC. | $890,000 | n/a | 0.1% | |
| Ameris Bank | $1,105,000 | $865,000 | -21.7% | 0.1% |
| Strong Home Mortgage, LLC | $815,000 | $860,000 | 5.5% | 0.1% |
| DELMAR FINANCIAL COMPANY | $855,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $1,210,000 | $850,000 | -29.8% | 0.1% |
| BETTER MORTGAGE CORPORATION | $2,515,000 | $845,000 | -66.4% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $830,000 | n/a | 0.1% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $1,565,000 | $820,000 | -47.6% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $1,270,000 | $815,000 | -35.8% | 0.1% |
| Southern Bank and Trust Company | $1,440,000 | $805,000 | -44.1% | 0.1% |
| Sunflower Bank | $940,000 | $805,000 | -14.4% | 0.1% |
| Wolfe Financial, Inc | $800,000 | n/a | 0.1% | |
| COMPASS MORTGAGE, INC. | $235,000 | $790,000 | 236.2% | 0.1% |
| FBC MORTGAGE, LLC | $765,000 | n/a | 0.1% | |
| HSBC BANK USA, NATIONAL ASSOCIATION | $565,000 | $765,000 | 35.4% | 0.1% |
| LATINO COMMUNITY CREDIT UNION | $745,000 | n/a | 0.1% | |
| RBC Bank, (Georgia) | $305,000 | $740,000 | 142.6% | 0.1% |
| Clearview Federal Credit Union | $730,000 | n/a | 0.1% | |
| HOMESPIRE MORTGAGE CORPORATION | $680,000 | $730,000 | 7.4% | 0.1% |
| AgSouth Farm Credit, ACA | $725,000 | n/a | 0.1% | |
| Uwharrie Bank | $500,000 | $725,000 | 45.0% | 0.1% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $720,000 | n/a | 0.1% | |
| American National Bank and Trust Company | $705,000 | n/a | 0.1% | |
| Renasant Bank | $1,050,000 | $705,000 | -32.9% | 0.1% |
| Gateway First Bank | $700,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $1,785,000 | $690,000 | -61.3% | 0.1% |
| MICHIGAN MUTUAL, INC. | $690,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $390,000 | $690,000 | 76.9% | 0.1% |
| Dollar Bank, Federal Savings Bank | $675,000 | n/a | 0.1% | |
| CAPITAL CENTER, L.L.C. | $175,000 | $660,000 | 277.1% | 0.1% |
| CALIBER HOME LOANS, INC. | $11,880,000 | $650,000 | -94.5% | 0.1% |
| INSPIRE HOME LOANS INC. | $645,000 | n/a | 0.1% | |
| Union Savings Bank | $255,000 | $620,000 | 143.1% | 0.1% |
| Figure Lending LLC | $1,320,000 | $610,000 | -53.8% | 0.1% |
| Integrity Home Mortgage Corp | $610,000 | n/a | 0.1% | |
| Mid Penn Bank | $605,000 | n/a | 0.1% | |
| Corporate Investors Mortgage Group, Inc. | $485,000 | $600,000 | 23.7% | 0.1% |
| Mid-Continent Funding, Inc. | $1,410,000 | $600,000 | -57.4% | 0.1% |
| VERITAS FUNDING, LLC | $600,000 | n/a | 0.1% | |
| Gulf Coast Bank and Trust Company | $590,000 | n/a | 0.1% | |
| Watermark Capital, Inc. | $565,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $875,000 | $555,000 | -36.6% | 0.1% |
| Sandy Spring Bank | $550,000 | n/a | 0.1% | |
| Capital City Home Loans, LLC | $540,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $845,000 | $540,000 | -36.1% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $810,000 | $530,000 | -34.6% | 0.1% |
| First National Bank of Omaha | $525,000 | n/a | 0.1% | |
| NEW FED MORTGAGE, CORP. | $515,000 | n/a | 0.1% | |
| M&T Bank | $575,000 | $510,000 | -11.3% | 0.1% |
| ServisFirst Bank | $485,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $1,280,000 | $485,000 | -62.1% | 0.1% |
| The Huntington National Bank | $1,350,000 | $480,000 | -64.4% | 0.1% |
| RAPID MORTGAGE COMPANY | $475,000 | n/a | 0.1% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,125,000 | $470,000 | -58.2% | 0.1% |
| South State Bank | $1,645,000 | $470,000 | -71.4% | 0.1% |
| ALLEGACY FEDERAL CREDIT UNION | $845,000 | $465,000 | -45.0% | 0.1% |
| First Western Trust Bank | $645,000 | $465,000 | -27.9% | 0.1% |
| Ally Bank | $730,000 | $460,000 | -37.0% | 0.1% |
| Northpointe Bank | $3,055,000 | $455,000 | -85.1% | 0.1% |
| Vellum Mortgage, Inc. | $455,000 | n/a | 0.1% | |
| COUNTRYPLACE MORTGAGE, LTD. | $290,000 | $450,000 | 55.2% | 0.1% |
| Keystone Funding, Inc. | $445,000 | n/a | 0.1% | |
| MILEND, INC. | $275,000 | $445,000 | 61.8% | 0.1% |
| PREMIA MORTGAGE, LLC | $445,000 | n/a | 0.1% | |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $195,000 | $440,000 | 125.6% | 0.0% |
| Farmers Bank & Trust | $435,000 | n/a | 0.0% | |
| Towne Mortgage of the Carolinas, LLC | $215,000 | $435,000 | 102.3% | 0.0% |
| U.S. Bank | $8,990,000 | $430,000 | -95.2% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $395,000 | $425,000 | 7.6% | 0.0% |
| Cornerstone First Mortgage, Inc | $425,000 | n/a | 0.0% | |
| Magnolia Bank | $1,195,000 | $425,000 | -64.4% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $425,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $1,205,000 | $415,000 | -65.6% | 0.0% |
| RF Renovo Management Company, LLC | $410,000 | n/a | 0.0% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $3,320,000 | $405,000 | -87.8% | 0.0% |
| GMFS LLC | $395,000 | n/a | 0.0% | |
| FOUNDERS FEDERAL CREDIT UNION | $255,000 | $390,000 | 52.9% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $385,000 | n/a | 0.0% | |
| EQUITY RESOURCES, INC. | $3,650,000 | $385,000 | -89.5% | 0.0% |
| First National Bank Texas | $385,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $465,000 | $385,000 | -17.2% | 0.0% |
| Lakeview Community Capital, LLC | $665,000 | $375,000 | -43.6% | 0.0% |
| LENDINGONE, LLC | $330,000 | $370,000 | 12.1% | 0.0% |
| ACOPIA, LLC | $920,000 | $365,000 | -60.3% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $365,000 | n/a | 0.0% | |
| SeaTrust Mortgage Company | $365,000 | n/a | 0.0% | |
| CONTOUR MORTGAGE CORPORATION | $915,000 | $355,000 | -61.2% | 0.0% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $355,000 | n/a | 0.0% | |
| Southern First Bank | $10,310,000 | $355,000 | -96.6% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $640,000 | $350,000 | -45.3% | 0.0% |
| SOUTHEAST MORTGAGE OF GEORGIA, INC. | $345,000 | n/a | 0.0% | |
| SOUTHWEST STAGE FUNDING, LLC | $195,000 | $340,000 | 74.4% | 0.0% |
| FIDELITY DIRECT MORTGAGE, LLC | $335,000 | n/a | 0.0% | |
| ON Q FINANCIAL, INC. | $335,000 | n/a | 0.0% | |
| First Heritage Mortgage, LLC | $265,000 | $325,000 | 22.6% | 0.0% |
| Securityplus FCU | $325,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $315,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $335,000 | $315,000 | -6.0% | 0.0% |
| FUNDLOANS CAPITAL | $305,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $305,000 | n/a | 0.0% | |
| NATIONS RELIABLE LENDING, LLC | $285,000 | n/a | 0.0% | |
| WesBanco | $995,000 | $285,000 | -71.4% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $2,115,000 | $285,000 | -86.5% | 0.0% |
| Bank OZK | $265,000 | n/a | 0.0% | |
| CHARLOTTE METRO FEDERAL CREDIT UNION | $265,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $930,000 | $265,000 | -71.5% | 0.0% |
| NEXERA HOLDING LLC | $265,000 | n/a | 0.0% | |
| Presidential Bank, FSB | $265,000 | n/a | 0.0% | |
| Shamrock Home Loans, Inc. | $265,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $265,000 | n/a | 0.0% | |
| CANOPY MORTGAGE, LLC | $255,000 | n/a | 0.0% | |
| Capital Bank | $1,050,000 | $255,000 | -75.7% | 0.0% |
| Encompass Lending Group, LP | $305,000 | $245,000 | -19.7% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $235,000 | n/a | 0.0% | |
| NORTH COUNTRY | $235,000 | n/a | 0.0% | |
| ITHINK FINANCIAL Credit Union | $1,355,000 | $215,000 | -84.1% | 0.0% |
| Northwest Federal Credit Union | $770,000 | $210,000 | -72.7% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,000,000 | $205,000 | -79.5% | 0.0% |
| KeyBank | $205,000 | n/a | 0.0% | |
| MDE Home Loans, LLC | $205,000 | n/a | 0.0% | |
| Sound Bank | $205,000 | n/a | 0.0% | |
| T2 FINANCIAL LLC | $295,000 | $205,000 | -30.5% | 0.0% |
| Luxury Mortgage Corp. | $195,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $415,000 | $155,000 | -62.7% | 0.0% |
| DELTA COMMUNITY CREDIT UNION | $155,000 | n/a | 0.0% | |
| JUSTICE Federal Credit Union | $135,000 | $135,000 | 0.0% | 0.0% |
| THRIVE MORTGAGE, LLC | $480,000 | $135,000 | -71.9% | 0.0% |
| GUILD MORTGAGE COMPANY | $615,000 | $125,000 | -79.7% | 0.0% |
| North State Bank | $505,000 | $115,000 | -77.2% | 0.0% |
| RESIDENTIAL BANCORP | $405,000 | $115,000 | -71.6% | 0.0% |
| USAlliance Federal Credit Union | $115,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $160,000 | $110,000 | -31.3% | 0.0% |
| First American Bank | $105,000 | n/a | 0.0% | |
| Service Federal Credit Union | $435,000 | $105,000 | -75.9% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $75,000 | n/a | 0.0% | |
| PIEDMONT ADVANTAGE CREDIT UNION | $75,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $580,000 | $75,000 | -87.1% | 0.0% |
| Connexus Credit Union | $35,000 | n/a | 0.0% | |
| Summit Credit Union | $35,000 | n/a | 0.0% | |
| ANDREWS FEDERAL CREDIT UNION | $25,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $25,000 | $25,000 | 0.0% | 0.0% |
| LANGLEY | $25,000 | n/a | 0.0% |
Pinehurst - Southern Pines's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 6.6% market share. In second place, with 6.2%, is First-Citizens Bank & Trust Company, having originated $54,900,000 in loans. In third place, with 5.6%, is NFM, INC., having originated $50,105,000 in loans. In fourth place, with 5.6%, is MOVEMENT MORTGAGE, LLC, having originated $50,065,000 in loans. In fifth place, with 5.5%, is First Bank, having originated $49,110,000 in loans.
Pinehurst-Southern Pines, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,803 | $701,015,000 | $388,805 |
| Home Improvement | 333 | $39,115,000 | $117,462 |
| Other | 331 | $39,895,000 | $120,529 |
| Cash Out Refi | 248 | $68,240,000 | $275,161 |
| Refi | 216 | $41,070,000 | $190,139 |
Pinehurst - Southern Pines's most frequently cited loan purpose was Home Purchase, with 1,803 originations. The 2nd most popular reason was Home Improvement, with 333 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 951 | $351,785,000 | $369,911 |
| 5-6% | 688 | $265,300,000 | $385,610 |
| 7-8% | 655 | $167,445,000 | $255,641 |
| Over 8% | 441 | $62,825,000 | $142,460 |
| 4-5% | 157 | $33,105,000 | $210,860 |
| <2.5% | 18 | $2,690,000 | $149,444 |
| 3-4% | 9 | $2,355,000 | $261,667 |
| 2.5-3% | 2 | $620,000 | $310,000 |
During 2023, Pinehurst - Southern Pines's most frequently originated rate bucket was 6-7%, with 951 originations.
Loan Sizing (Pinehurst-Southern Pines, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,113 | $332,525,000 | $298,765 |
| $400k-600k | 553 | $261,585,000 | $473,029 |
| $100k-200k | 542 | $78,490,000 | $144,815 |
| $100,000 or less | 510 | $28,770,000 | $56,412 |
| $600k-1000k | 168 | $123,600,000 | $735,714 |
| $Over $1MM | 45 | $64,365,000 | $1,430,333 |
Pinehurst - Southern Pines's loan sizing saw the bucket of loans from $200k-400k with 1,113 originations, totaling $332,525,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,002 | $407,950,000 | $407,136 |
| 60-80% | 536 | $200,980,000 | $374,963 |
| Under 20% | 449 | $29,985,000 | $66,782 |
| 20-40% | 381 | $57,125,000 | $149,934 |
| 40-60% | 279 | $80,095,000 | $287,079 |
| Over 100% | 260 | $105,790,000 | $406,885 |
Pinehurst - Southern Pines's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,002 originations, totaling $407,950,000 in origination value.