Point Pleasant Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Point Pleasant averaged
6.43%
for the week of 2024-10-24, compared to the national average of
6.54% for the same period.
The average rate for the prior week (2024-10-17) was
6.53% and
one month ago for the week of 2024-09-19, the
average rate was 5.98%.
Point Pleasant's average rate one year ago was 7.72%.
For refis of the same type during the week of 2024-10-24, the average rate
was 6.44%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-24 | 6.54% |
Point Pleasant 30 Year Fixed Rate | 2024-10-24 | 6.43% |
Point Pleasant 30 Year Fixed Rate Refi | 2024-10-24 | 6.44% |
Point Pleasant 15 Year Fixed Rate | 2024-10-24 | 5.91% |
Point Pleasant 15 Year Fixed Rate Refi | 2024-10-24 | 6.21% |
Point Pleasant 30 Year FHA | 2024-10-24 | 6.05% |
Point Pleasant 30 Year FHA Refi | 2024-10-24 | 6.35% |
Point Pleasant 30 Year USDA | 2024-10-24 | 6.09% |
Point Pleasant 30 Year USDA Refi | 2024-10-24 | 6.49% |
Point Pleasant 30 Year VA | 2024-10-24 | 6.04% |
Point Pleasant 30 Year VA Refi | 2024-10-24 | 6.34% |
Point Pleasant 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 Point Pleasant, WV-OH 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.).
Point Pleasant Average Closing Costs & Other Stats
Point Pleasant, WV-OH's 44 lenders originated 631
loans during 2023. The total origination value was $87,415,000, with an average loan value of
$138,534.
Point Pleasant's average closing costs are $4,469.
The top Point Pleasant lender as defined by loan originations is The Ohio Valley Bank Company, with
66 loans originated. Their average total fees are
$3,486, which is $2,223
lower than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee Point Pleasant lenders (with over 10 loans originated) are
The Farmers Bank & Savings Company ($2,486), The Ohio Valley Bank Company ($3,486), Peoples Bank ($3,709), QUICKEN LOANS, LLC ($5,314) and MOVEMENT MORTGAGE, LLC ($5,709).
The lowest rate Point Pleasant lenders (with over 10 loans originated) are
The Ohio Valley Bank Company (6.21%), Peoples Bank (6.64%), QUICKEN LOANS, LLC (6.88%), MOVEMENT MORTGAGE, LLC (7.11%) and PRIMELENDING, A PLAINSCAPITAL COMPANY (7.25%).
Point Pleasant, WV-OH 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 |
---|---|---|---|---|
The Ohio Valley Bank Company | $18,220,000 | $17,415,000 | -4.4% | 19.9% |
The Farmers Bank & Savings Company | $10,130,000 | $7,520,000 | -25.8% | 8.6% |
MOVEMENT MORTGAGE, LLC | $1,630,000 | $5,285,000 | 224.2% | 6.0% |
QUICKEN LOANS, LLC | $7,915,000 | $4,940,000 | -37.6% | 5.7% |
Peoples Bank | $6,310,000 | $3,810,000 | -39.6% | 4.4% |
City National Bank of West Virginia | $9,770,000 | $3,035,000 | -68.9% | 3.5% |
Mortgage Research Center, LLC | $2,570,000 | $2,930,000 | 14.0% | 3.4% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,740,000 | $2,750,000 | 0.4% | 3.1% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $1,885,000 | $2,495,000 | 32.4% | 2.9% |
Victorian Finance, LLC | $5,475,000 | $2,495,000 | -54.4% | 2.9% |
WesBanco | $2,690,000 | $2,155,000 | -19.9% | 2.5% |
Farm Credit Mid-America, ACA | $2,440,000 | $1,975,000 | -19.1% | 2.3% |
U.S. Bank | $1,150,000 | $1,695,000 | 47.4% | 1.9% |
RAPID MORTGAGE COMPANY | $805,000 | $1,500,000 | 86.3% | 1.7% |
21ST MORTGAGE CORPORATION | $485,000 | $1,450,000 | 199.0% | 1.7% |
RUOFF MORTGAGE COMPANY, INC. | $4,290,000 | $1,385,000 | -67.7% | 1.6% |
Paramount Residential Mortgage Group, Inc. | $1,120,000 | $1,315,000 | 17.4% | 1.5% |
LOANDEPOT.COM, LLC | $1,795,000 | $1,240,000 | -30.9% | 1.4% |
UNITED WHOLESALE MORTGAGE, LLC | $870,000 | $1,130,000 | 29.9% | 1.3% |
STOCKTON MORTGAGE CORPORATION | $515,000 | $1,125,000 | 118.4% | 1.3% |
CMG MORTGAGE, INC. | $980,000 | n/a | 1.1% | |
PENNYMAC LOAN SERVICES, LLC | $700,000 | $955,000 | 36.4% | 1.1% |
ATOMIC CREDIT UNION, INC. | $805,000 | $925,000 | 14.9% | 1.1% |
UNION HOME MORTGAGE CORP. | $735,000 | $910,000 | 23.8% | 1.0% |
The Huntington National Bank | $1,485,000 | $895,000 | -39.7% | 1.0% |
The Poca Valley Bank, Inc. | $1,055,000 | $870,000 | -17.5% | 1.0% |
TRIAD FINANCIAL SERVICES, INC. | $145,000 | $715,000 | 393.1% | 0.8% |
THE VINTON COUNTY NATIONAL BANK | $2,290,000 | $535,000 | -76.6% | 0.6% |
NAVY FEDERAL CREDIT UNION | $205,000 | $485,000 | 136.6% | 0.6% |
NBKC BANK | $470,000 | n/a | 0.5% | |
LIBERTY HOME MORTGAGE CORPORATION | $270,000 | $455,000 | 68.5% | 0.5% |
PNC Bank | $415,000 | n/a | 0.5% | |
BROKER SOLUTIONS, INC. | $645,000 | $410,000 | -36.4% | 0.5% |
The Union Bank Company | $740,000 | $405,000 | -45.3% | 0.5% |
WRIGHT-PATT CREDIT UNION, INC. | $405,000 | n/a | 0.5% | |
NEWREZ LLC | $215,000 | $400,000 | 86.0% | 0.5% |
Putnam County Bank | $935,000 | $385,000 | -58.8% | 0.4% |
JPMorgan Chase Bank | $490,000 | $370,000 | -24.5% | 0.4% |
FREEDOM MORTGAGE CORPORATION | $870,000 | $340,000 | -60.9% | 0.4% |
Equity Prime Mortgage LLC | $705,000 | $335,000 | -52.5% | 0.4% |
SOUTHWEST STAGE FUNDING, LLC | $330,000 | n/a | 0.4% | |
Wells Fargo Bank | $725,000 | $325,000 | -55.2% | 0.4% |
GUARANTEED RATE, INC. | $300,000 | n/a | 0.3% | |
USAA Federal Savings Bank | $300,000 | $270,000 | -10.0% | 0.3% |
The Federal Savings Bank | $645,000 | $265,000 | -58.9% | 0.3% |
Carrington Mortgage Services, LLC | $260,000 | n/a | 0.3% | |
Summit Community Bank, Inc. | $1,010,000 | $260,000 | -74.3% | 0.3% |
AMERISAVE MORTGAGE CORPORATION | $1,235,000 | $250,000 | -79.8% | 0.3% |
Gateway First Bank | $1,860,000 | $250,000 | -86.6% | 0.3% |
POLARIS HOME FUNDING CORP. | $235,000 | n/a | 0.3% | |
The Farmers & Merchants State Bank | $185,000 | $235,000 | 27.0% | 0.3% |
Huntington Federal Savings Bank | $225,000 | n/a | 0.3% | |
Truist | $35,000 | $225,000 | 542.9% | 0.3% |
CREDIT HUMAN FEDERAL CREDIT UNION | $125,000 | $220,000 | 76.0% | 0.3% |
Discover Bank | $220,000 | n/a | 0.3% | |
Fifth Third Bank | $610,000 | $210,000 | -65.6% | 0.2% |
NATIONS RELIABLE LENDING, LLC | $205,000 | n/a | 0.2% | |
BETTER MORTGAGE CORPORATION | $235,000 | $195,000 | -17.0% | 0.2% |
UNIVERSAL Federal Credit Union | $190,000 | n/a | 0.2% | |
CROSSCOUNTRY MORTGAGE, LLC | $390,000 | $185,000 | -52.6% | 0.2% |
KeyBank | $170,000 | n/a | 0.2% | |
AmRes Corporation | $280,000 | $165,000 | -41.1% | 0.2% |
EQUITY RESOURCES, INC. | $890,000 | $165,000 | -81.5% | 0.2% |
LIMA ONE CAPITAL, LLC | $290,000 | $165,000 | -43.1% | 0.2% |
Atlantic Union Bank | $155,000 | n/a | 0.2% | |
Clay County Bank, Inc. | $155,000 | n/a | 0.2% | |
Nations Lending Corporation | $325,000 | $145,000 | -55.4% | 0.2% |
Third Federal Savings and Loan Association of Cleveland | $145,000 | n/a | 0.2% | |
BAYSHORE MORTGAGE FUNDING, LLC | $135,000 | n/a | 0.2% | |
WEST VIRGINIA CENTRAL FEDERAL CREDIT UNION | $135,000 | n/a | 0.2% | |
DAS Acquisition Company, LLC | $435,000 | $125,000 | -71.3% | 0.1% |
First Federal Savings and Loan Association of Lakewood | $315,000 | $125,000 | -60.3% | 0.1% |
Flagstar Bank, FSB | $95,000 | $125,000 | 31.6% | 0.1% |
Bank of England | $115,000 | n/a | 0.1% | |
CARDINAL FINANCIAL | $85,000 | $115,000 | 35.3% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $525,000 | $115,000 | -78.1% | 0.1% |
INTERNATIONAL CITY MORTGAGE, INC. | $105,000 | n/a | 0.1% | |
NFM, INC. | $135,000 | $105,000 | -22.2% | 0.1% |
Unified Bank | $105,000 | n/a | 0.1% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $65,000 | $95,000 | 46.2% | 0.1% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $85,000 | n/a | 0.1% | |
Mr. Cooper ( Nationstar Mortgage ) | $410,000 | $85,000 | -79.3% | 0.1% |
Signature Federal Credit Union | $75,000 | n/a | 0.1% | |
United Bank | $570,000 | $55,000 | -90.4% | 0.1% |
Coastal Community Bank | $45,000 | n/a | 0.1% | |
PENTAGON FEDERAL CREDIT UNION | $35,000 | n/a | 0.0% | |
SPRING EQ, LLC | $35,000 | n/a | 0.0% | |
The Park National Bank | $35,000 | n/a | 0.0% | |
UNIVERSAL 1 CREDIT UNION | $35,000 | n/a | 0.0% | |
UNIFY FINANCIAL Credit Union | $435,000 | $25,000 | -94.3% | 0.0% |
Point Pleasant's top lender by overall market share is The Ohio Valley Bank Company, with 19.9% market share. In second place, with 8.6%, is The Farmers Bank & Savings Company, having originated $7,520,000 in loans. In third place, with 6.0%, is MOVEMENT MORTGAGE, LLC, having originated $5,285,000 in loans. In fourth place, with 5.7%, is QUICKEN LOANS, LLC, having originated $4,940,000 in loans. In fifth place, with 4.4%, is Peoples Bank, having originated $3,810,000 in loans.
Point Pleasant, WV-OH Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 396 | $66,220,000 | $167,222 |
Refi | 64 | $7,030,000 | $109,844 |
Cash Out Refi | 60 | $6,990,000 | $116,500 |
Home Improvement | 59 | $2,965,000 | $50,254 |
Other | 52 | $4,210,000 | $80,962 |
Point Pleasant's most frequently cited loan purpose was Home Purchase, with 396 originations. The 2nd most popular reason was Refi, with 64 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 202 | $29,540,000 | $146,238 |
7-8% | 148 | $21,740,000 | $146,892 |
Over 8% | 128 | $13,470,000 | $105,234 |
5-6% | 96 | $16,740,000 | $174,375 |
3-4% | 19 | $1,075,000 | $56,579 |
<2.5% | 10 | $1,010,000 | $101,000 |
2.5-3% | 6 | $210,000 | $35,000 |
4-5% | 3 | $865,000 | $288,333 |
During 2023, Point Pleasant's most frequently originated rate bucket was 6-7%, with 202 originations.
Loan Sizing (Point Pleasant, WV-OH MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 260 | $37,110,000 | $142,731 |
$100,000 or less | 248 | $13,810,000 | $55,685 |
$200k-400k | 112 | $29,980,000 | $267,679 |
$400k-600k | 7 | $3,315,000 | $473,571 |
$600k-1000k | 3 | $2,175,000 | $725,000 |
$Over $1MM | 1 | $1,025,000 | $1,025,000 |
Point Pleasant's loan sizing saw the bucket of loans from $100k-200k with 260 originations, totaling $37,110,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 291 | $50,285,000 | $172,801 |
60-80% | 127 | $18,235,000 | $143,583 |
20-40% | 66 | $4,310,000 | $65,303 |
Under 20% | 59 | $1,745,000 | $29,576 |
40-60% | 56 | $6,090,000 | $108,750 |
Over 100% | 12 | $3,840,000 | $320,000 |
Point Pleasant's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 291 originations, totaling $50,285,000 in origination value.