ROANOKE Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Roanoke averaged
6.78%
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
6.68% and
one month ago for the week of 2024-09-19, the
average rate was 6.33%.
Roanoke's average rate one year ago was 7.77%.
For refis of the same type during the week of 2024-10-24, the average rate
was 7.35%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-24 | 6.54% |
Roanoke 30 Year Fixed Rate | 2024-10-24 | 6.78% |
Roanoke 30 Year Fixed Rate Refi | 2024-10-24 | 7.35% |
Roanoke 15 Year Fixed Rate | 2024-10-24 | 5.91% |
Roanoke 15 Year Fixed Rate Refi | 2024-10-24 | 6.21% |
Roanoke 30 Year FHA | 2024-10-24 | 6.38% |
Roanoke 30 Year FHA Refi | 2024-10-24 | 6.05% |
Roanoke 30 Year USDA | 2024-10-24 | 6.39% |
Roanoke 30 Year USDA Refi | 2024-10-24 | 6.39% |
Roanoke 30 Year VA | 2024-10-24 | 6.27% |
Roanoke 30 Year VA Refi | 2024-10-24 | 6.14% |
ROANOKE 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 ROANOKE, VA 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.).
ROANOKE Average Closing Costs & Other Stats
ROANOKE, VA's 180 lenders originated 6,231
loans during 2023. The total origination value was $1,516,105,000, with an average loan value of
$243,316.
ROANOKE's average closing costs are $4,735.
The top ROANOKE lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with
256 loans originated. Their average total fees are
$5,824, which is $337
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee ROANOKE lenders (with over 10 loans originated) are
FREEDOM FIRST ($3,501), CNB Bank ($3,516), First Reliance Bank ($3,531), MEMBER ONE ($3,624) and NAVY FEDERAL CREDIT UNION ($3,752).
The lowest rate ROANOKE lenders (with over 10 loans originated) are
NAVY FEDERAL CREDIT UNION (5.91%), Bank of America (6.17%), First-Citizens Bank & Trust Company (6.24%), CNB Bank (6.32%) and GUARANTY HOME MORTGAGE CORPORATION (6.40%).
ROANOKE, VA 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 |
---|---|---|---|---|
ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $136,650,000 | $91,680,000 | -32.9% | 6.0% |
QUICKEN LOANS, LLC | $112,360,000 | $84,240,000 | -25.0% | 5.6% |
MEMBER ONE | $67,270,000 | $75,440,000 | 12.1% | 5.0% |
Bank of Botetourt | $84,785,000 | $69,880,000 | -17.6% | 4.6% |
GREYSTONE SERVICING COMPANY LLC | $5,115,000 | $65,675,000 | 1,184.0% | 4.3% |
M&T Realty Capital Corporation | $15,955,000 | $65,225,000 | 308.8% | 4.3% |
Alcova Mortgage LLC | $90,880,000 | $61,510,000 | -32.3% | 4.1% |
Truist | $71,980,000 | $57,445,000 | -20.2% | 3.8% |
Grandbridge Real Estate Capital LLC | $52,845,000 | n/a | 3.5% | |
FREEDOM FIRST | $75,315,000 | $40,555,000 | -46.2% | 2.7% |
UNION HOME MORTGAGE CORP. | $32,095,000 | $39,530,000 | 23.2% | 2.6% |
MOVEMENT MORTGAGE, LLC | $69,990,000 | $38,795,000 | -44.6% | 2.6% |
Carter Bank & Trust | $12,985,000 | $36,160,000 | 178.5% | 2.4% |
Atlantic Union Bank | $48,375,000 | $35,100,000 | -27.4% | 2.3% |
First-Citizens Bank & Trust Company | $45,275,000 | $30,745,000 | -32.1% | 2.0% |
Pinnacle Bank | $30,220,000 | $27,600,000 | -8.7% | 1.8% |
UNITED WHOLESALE MORTGAGE, LLC | $19,055,000 | $26,160,000 | 37.3% | 1.7% |
Mortgage Research Center, LLC | $32,730,000 | $26,070,000 | -20.3% | 1.7% |
CNB Bank | $24,730,000 | $25,000,000 | 1.1% | 1.6% |
American National Bank and Trust Company | $62,080,000 | $24,405,000 | -60.7% | 1.6% |
Citizens Bank | $38,655,000 | $21,210,000 | -45.1% | 1.4% |
Wells Fargo Bank | $44,505,000 | $17,660,000 | -60.3% | 1.2% |
SWBC MORTGAGE CORPORATION | $26,390,000 | $16,930,000 | -35.8% | 1.1% |
GUARANTEED RATE, INC. | $11,475,000 | $13,895,000 | 21.1% | 0.9% |
NAVY FEDERAL CREDIT UNION | $18,225,000 | $13,270,000 | -27.2% | 0.9% |
Bank of the James | $5,600,000 | $13,095,000 | 133.8% | 0.9% |
GUILD MORTGAGE COMPANY | $4,840,000 | $12,480,000 | 157.9% | 0.8% |
First Bank | $7,000,000 | $12,305,000 | 75.8% | 0.8% |
HomeTrust Bank | $13,235,000 | $11,130,000 | -15.9% | 0.7% |
EMBRACE HOME LOANS, INC. | $31,685,000 | $10,935,000 | -65.5% | 0.7% |
Bank of America | $17,905,000 | $10,360,000 | -42.1% | 0.7% |
Prosperity Home Mortgage, LLC | $12,715,000 | $9,380,000 | -26.2% | 0.6% |
BLUE EAGLE CREDIT UNION | $6,620,000 | $9,250,000 | 39.7% | 0.6% |
Renasant Bank | $26,325,000 | $9,090,000 | -65.5% | 0.6% |
CARDINAL FINANCIAL | $12,405,000 | $9,085,000 | -26.8% | 0.6% |
Barings Multifamily Capital | $8,535,000 | n/a | 0.6% | |
Skyline National Bank | $12,070,000 | $8,255,000 | -31.6% | 0.5% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,575,000 | $7,660,000 | 197.5% | 0.5% |
NATIONAL BANKSHARES, INC. | $22,020,000 | $7,525,000 | -65.8% | 0.5% |
LOANDEPOT.COM, LLC | $14,490,000 | $7,340,000 | -49.3% | 0.5% |
PENNYMAC LOAN SERVICES, LLC | $14,750,000 | $7,095,000 | -51.9% | 0.5% |
First Heritage Mortgage, LLC | $11,285,000 | $6,900,000 | -38.9% | 0.5% |
FIRST BANCORP | $13,810,000 | $6,835,000 | -50.5% | 0.5% |
USAA Federal Savings Bank | $5,500,000 | $6,115,000 | 11.2% | 0.4% |
JPMorgan Chase Bank | $8,745,000 | $6,055,000 | -30.8% | 0.4% |
Mr. Cooper ( Nationstar Mortgage ) | $15,650,000 | $5,805,000 | -62.9% | 0.4% |
Atlantic Coast Mortgage, LLC | $4,190,000 | $5,660,000 | 35.1% | 0.4% |
The Farmers & Merchants Bank of Craig County | $5,545,000 | n/a | 0.4% | |
FREEDOM MORTGAGE CORPORATION | $9,015,000 | $5,300,000 | -41.2% | 0.3% |
PNC Bank | $7,180,000 | $5,155,000 | -28.2% | 0.3% |
CROSSCOUNTRY MORTGAGE, LLC | $4,345,000 | $4,935,000 | 13.6% | 0.3% |
First Reliance Bank | $15,805,000 | $4,755,000 | -69.9% | 0.3% |
AMERISAVE MORTGAGE CORPORATION | $10,895,000 | $4,500,000 | -58.7% | 0.3% |
BROKER SOLUTIONS, INC. | $5,535,000 | $4,390,000 | -20.7% | 0.3% |
Blue Ridge Bank | $5,055,000 | $4,325,000 | -14.4% | 0.3% |
MUTUAL OF OMAHA MORTGAGE, INC. | $5,805,000 | $4,110,000 | -29.2% | 0.3% |
Truliant Federal Credit Union | $5,035,000 | $4,065,000 | -19.3% | 0.3% |
C & F Mortgage Corporation | $1,900,000 | $4,050,000 | 113.2% | 0.3% |
First National Bank | $1,590,000 | $4,035,000 | 153.8% | 0.3% |
First National Bank of Pennsylvania | $4,350,000 | $3,890,000 | -10.6% | 0.3% |
First Horizon Bank | $4,725,000 | $3,710,000 | -21.5% | 0.2% |
NEW DAY FINANCIAL, LLC | $4,945,000 | $3,505,000 | -29.1% | 0.2% |
CMG MORTGAGE, INC. | $3,845,000 | $3,495,000 | -9.1% | 0.2% |
NEWREZ LLC | $6,765,000 | $3,465,000 | -48.8% | 0.2% |
STATE EMPLOYEES' | $2,880,000 | $3,370,000 | 17.0% | 0.2% |
U.S. Bank | $7,585,000 | $3,330,000 | -56.1% | 0.2% |
Morgan Stanley Private Bank | $4,810,000 | $3,310,000 | -31.2% | 0.2% |
Victorian Finance, LLC | $3,640,000 | $3,220,000 | -11.5% | 0.2% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $4,815,000 | $3,175,000 | -34.1% | 0.2% |
Plains Commerce Bank | $2,980,000 | n/a | 0.2% | |
NATION ONE MORTGAGE CORPORATION | $2,335,000 | $2,965,000 | 27.0% | 0.2% |
TD Bank | $4,865,000 | $2,950,000 | -39.4% | 0.2% |
Waterstone Mortgage Corporation | $920,000 | $2,935,000 | 219.0% | 0.2% |
Virginia Credit Union, Inc. | $2,015,000 | $2,895,000 | 43.7% | 0.2% |
AmeriHome Mortgage Company, LLC | $1,390,000 | $2,745,000 | 97.5% | 0.2% |
Discover Bank | $1,170,000 | $2,695,000 | 130.3% | 0.2% |
First National Bank of America | $1,755,000 | $2,455,000 | 39.9% | 0.2% |
PENTAGON FEDERAL CREDIT UNION | $2,985,000 | $2,455,000 | -17.8% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $3,350,000 | $2,450,000 | -26.9% | 0.2% |
First Community Bank | $5,985,000 | $2,435,000 | -59.3% | 0.2% |
PROVIDENT FUNDING ASSOCIATES, L.P. | $915,000 | $2,430,000 | 165.6% | 0.2% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $4,385,000 | $2,390,000 | -45.5% | 0.2% |
The Federal Savings Bank | $3,940,000 | $2,355,000 | -40.2% | 0.2% |
NFM, INC. | $1,885,000 | $2,285,000 | 21.2% | 0.2% |
Summit Community Bank, Inc. | $1,565,000 | $2,070,000 | 32.3% | 0.1% |
GUARANTY HOME MORTGAGE CORPORATION | $5,645,000 | $2,030,000 | -64.0% | 0.1% |
Fulton Bank | $895,000 | $2,000,000 | 123.5% | 0.1% |
TOWNE MORTGAGE COMPANY | $2,865,000 | $1,890,000 | -34.0% | 0.1% |
CAPITAL CENTER, L.L.C. | $5,480,000 | $1,835,000 | -66.5% | 0.1% |
HOMESIDE FINANCIAL, LLC | $3,005,000 | $1,825,000 | -39.3% | 0.1% |
MILEND, INC. | $645,000 | $1,825,000 | 182.9% | 0.1% |
George Mason Mortgage, LLC | $2,915,000 | $1,805,000 | -38.1% | 0.1% |
AgFirst Farm Credit Bank | $4,745,000 | $1,780,000 | -62.5% | 0.1% |
Farm Credit of the Virginias, ACA | $2,240,000 | $1,755,000 | -21.7% | 0.1% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,225,000 | $1,725,000 | 40.8% | 0.1% |
Ally Bank | $885,000 | $1,710,000 | 93.2% | 0.1% |
ValleyStar Credit Union | $25,600,000 | $1,675,000 | -93.5% | 0.1% |
First Federal Bank | $560,000 | $1,665,000 | 197.3% | 0.1% |
RELIANCE FIRST CAPITAL, LLC | $1,415,000 | $1,615,000 | 14.1% | 0.1% |
ARC HOME LLC | $225,000 | $1,585,000 | 604.4% | 0.1% |
The Central Trust Bank | $1,570,000 | n/a | 0.1% | |
SOUTHWEST STAGE FUNDING, LLC | $1,130,000 | $1,535,000 | 35.8% | 0.1% |
SIRVA MORTGAGE, INC. | $1,930,000 | $1,490,000 | -22.8% | 0.1% |
Carrington Mortgage Services, LLC | $3,755,000 | $1,480,000 | -60.6% | 0.1% |
ZILLOW HOME LOANS, LLC | $1,550,000 | $1,470,000 | -5.2% | 0.1% |
The Huntington National Bank | $1,755,000 | $1,425,000 | -18.8% | 0.1% |
VILLAGE CAPITAL MORTGAGE | $800,000 | $1,425,000 | 78.1% | 0.1% |
GSF Mortgage Corporation | $385,000 | $1,420,000 | 268.8% | 0.1% |
EMM LOANS LLC | $1,150,000 | $1,380,000 | 20.0% | 0.1% |
TOWER | $735,000 | $1,280,000 | 74.1% | 0.1% |
Wilmington Savings Fund Society, FSB | $1,270,000 | n/a | 0.1% | |
OCMBC, INC. | $965,000 | $1,255,000 | 30.1% | 0.1% |
Flagstar Bank, FSB | $13,450,000 | $1,225,000 | -90.9% | 0.1% |
BNC National Bank | $920,000 | $1,195,000 | 29.9% | 0.1% |
CALIBER HOME LOANS, INC. | $5,405,000 | $1,190,000 | -78.0% | 0.1% |
NBKC BANK | $1,075,000 | $1,180,000 | 9.8% | 0.1% |
LOANPAL, LLC | $655,000 | $1,170,000 | 78.6% | 0.1% |
AMERICAN FINANCIAL RESOURCES, INC. | $1,395,000 | $1,130,000 | -19.0% | 0.1% |
Farmers and Merchants Trust Company of Chambersburg | $1,130,000 | n/a | 0.1% | |
AMERICAN FINANCING CORPORATION | $2,240,000 | $1,095,000 | -51.1% | 0.1% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,040,000 | $1,090,000 | -64.1% | 0.1% |
PLANET HOME LENDING, LLC | $1,450,000 | $1,080,000 | -25.5% | 0.1% |
Paramount Residential Mortgage Group, Inc. | $425,000 | $1,060,000 | 149.4% | 0.1% |
Figure Lending LLC | $1,095,000 | $1,055,000 | -3.7% | 0.1% |
BETTER MORTGAGE CORPORATION | $5,840,000 | $1,040,000 | -82.2% | 0.1% |
MASON MCDUFFIE MORTGAGE CORPORATION | $1,725,000 | $995,000 | -42.3% | 0.1% |
FIRST COLONY MORTGAGE CORPORATION | $985,000 | n/a | 0.1% | |
MCNB Bank and Trust Co. | $955,000 | n/a | 0.1% | |
LENDINGONE, LLC | $305,000 | $950,000 | 211.5% | 0.1% |
Keystone Funding, Inc. | $945,000 | n/a | 0.1% | |
MORTGAGE ACCESS CORP. | $610,000 | $945,000 | 54.9% | 0.1% |
City National Bank of West Virginia | $940,000 | n/a | 0.1% | |
CLEARPATH LENDING | $615,000 | $935,000 | 52.0% | 0.1% |
INTERCOASTAL MORTGAGE COMPANY | $17,720,000 | $930,000 | -94.8% | 0.1% |
Citadel Servicing Corporation | $225,000 | $925,000 | 311.1% | 0.1% |
RESIDENTIAL BANCORP | $730,000 | $910,000 | 24.7% | 0.1% |
M&T Bank | $1,265,000 | $895,000 | -29.2% | 0.1% |
Princeton Mortgage Corporation | $245,000 | $870,000 | 255.1% | 0.1% |
COASTAL Federal Credit Union | $335,000 | $830,000 | 147.8% | 0.1% |
LENDINGHOME FUNDING CORPORATION | $215,000 | $795,000 | 269.8% | 0.1% |
SOUTHERN TRUST MORTGAGE, LLC | $2,375,000 | $775,000 | -67.4% | 0.1% |
Fifth Third Bank | $1,285,000 | $770,000 | -40.1% | 0.1% |
Charles Schwab Bank, SSB | $355,000 | $765,000 | 115.5% | 0.1% |
Citibank | $380,000 | $735,000 | 93.4% | 0.0% |
FAY SERVICING, LLC | $85,000 | $735,000 | 764.7% | 0.0% |
Lakeview Community Capital, LLC | $775,000 | $735,000 | -5.2% | 0.0% |
BankPlus | $725,000 | n/a | 0.0% | |
NexBank | $725,000 | n/a | 0.0% | |
AMERICAN FINANCIAL NETWORK, INC. | $705,000 | n/a | 0.0% | |
MID AMERICA MORTGAGE, INC. | $810,000 | $695,000 | -14.2% | 0.0% |
Barrington Bank & Trust Company, N.A. | $1,360,000 | $690,000 | -49.3% | 0.0% |
COMMONWEALTH ONE FEDERAL CREDIT UNION | $685,000 | n/a | 0.0% | |
Magnolia Bank | $780,000 | $680,000 | -12.8% | 0.0% |
PLUS RELOCATION MORTGAGE, LLC | $680,000 | n/a | 0.0% | |
LONGBRIDGE FINANCIAL, LLC | $675,000 | n/a | 0.0% | |
SPRING EQ, LLC | $785,000 | $645,000 | -17.8% | 0.0% |
ALLIED MORTGAGE GROUP, INC. | $640,000 | n/a | 0.0% | |
CBM Mortgage, Inc. | $740,000 | $640,000 | -13.5% | 0.0% |
BMO Harris Bank | $605,000 | n/a | 0.0% | |
Integrity Home Mortgage Corp | $3,180,000 | $600,000 | -81.1% | 0.0% |
U S WIDE FINANCIAL LLC | $595,000 | n/a | 0.0% | |
Celco Community Federal Credit Union | $590,000 | n/a | 0.0% | |
The Fidelity Bank | $1,920,000 | $580,000 | -69.8% | 0.0% |
Bell Bank | $575,000 | n/a | 0.0% | |
Presidential Bank, FSB | $575,000 | n/a | 0.0% | |
CREDIT UNION MORTGAGE ASSOCIATION, INC. | $2,010,000 | $540,000 | -73.1% | 0.0% |
CHURCHILL MORTGAGE CORPORATION | $2,535,000 | $535,000 | -78.9% | 0.0% |
FIRST COMMUNITY MORTGAGE, INC. | $145,000 | $530,000 | 265.5% | 0.0% |
Third Federal Savings and Loan Association of Cleveland | $1,730,000 | $530,000 | -69.4% | 0.0% |
PHH Mortgage Corporation | $1,145,000 | $525,000 | -54.1% | 0.0% |
The Bank of Marion | $525,000 | n/a | 0.0% | |
21ST MORTGAGE CORPORATION | $510,000 | $510,000 | 0.0% | 0.0% |
Century Mortgage Company DBA Century Lending Company | $315,000 | $505,000 | 60.3% | 0.0% |
GUARANTEED RATE AFFINITY, LLC | $505,000 | n/a | 0.0% | |
PREMIER MORTGAGE RESOURCES, L.L.C. | $505,000 | n/a | 0.0% | |
DEEPHAVEN MORTGAGE LLC | $1,365,000 | $500,000 | -63.4% | 0.0% |
Arvest Bank | $1,285,000 | $495,000 | -61.5% | 0.0% |
GoPrime Mortgage, Inc. | $985,000 | $495,000 | -49.7% | 0.0% |
Ameris Bank | $420,000 | $490,000 | 16.7% | 0.0% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,645,000 | $490,000 | -70.2% | 0.0% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $585,000 | $485,000 | -17.1% | 0.0% |
Strong Home Mortgage, LLC | $1,880,000 | $485,000 | -74.2% | 0.0% |
Virginia National Bank | $485,000 | n/a | 0.0% | |
PLAZA HOME MORTGAGE, INC. | $225,000 | $480,000 | 113.3% | 0.0% |
RANLIFE, INC. | $460,000 | $480,000 | 4.3% | 0.0% |
AMWEST FUNDING CORP. | $240,000 | $465,000 | 93.8% | 0.0% |
Apple Federal Credit Union | $270,000 | $465,000 | 72.2% | 0.0% |
COMPASS MORTGAGE, INC. | $465,000 | n/a | 0.0% | |
DUPONT COMMUNITY | $2,530,000 | $465,000 | -81.6% | 0.0% |
HOMESTAR FINANCIAL CORPORATION | $415,000 | $455,000 | 9.6% | 0.0% |
First Bank | $7,000,000 | $445,000 | -93.6% | 0.0% |
Vellum Mortgage, Inc. | $645,000 | $445,000 | -31.0% | 0.0% |
THRIVE MORTGAGE, LLC | $1,255,000 | $440,000 | -64.9% | 0.0% |
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. | $715,000 | $435,000 | -39.2% | 0.0% |
Deere Employees Credit Union | $1,335,000 | $430,000 | -67.8% | 0.0% |
Regions Bank | $640,000 | $430,000 | -32.8% | 0.0% |
FIRST MORTGAGE COMPANY, INC. | $420,000 | n/a | 0.0% | |
INTELLILOAN, INC. | $415,000 | n/a | 0.0% | |
Raymond James Bank | $415,000 | n/a | 0.0% | |
FIDELITY DIRECT MORTGAGE, LLC | $410,000 | n/a | 0.0% | |
FIRST HOME MORTGAGE CORPORATION | $225,000 | $410,000 | 82.2% | 0.0% |
NATIONWIDE MORTGAGE BANKERS, INC. | $245,000 | $405,000 | 65.3% | 0.0% |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $845,000 | $390,000 | -53.8% | 0.0% |
Equity Prime Mortgage LLC | $330,000 | $380,000 | 15.2% | 0.0% |
Sandy Spring Bank | $1,400,000 | $380,000 | -72.9% | 0.0% |
Aurora Financial, LLC | $375,000 | n/a | 0.0% | |
WesBanco | $375,000 | n/a | 0.0% | |
First Financial Bank | $365,000 | n/a | 0.0% | |
Coastal Community Bank | $355,000 | n/a | 0.0% | |
ASSEMBLIES OF GOD Credit Union | $345,000 | n/a | 0.0% | |
SUN WEST MORTGAGE COMPANY, INC. | $1,055,000 | $340,000 | -67.8% | 0.0% |
Capital Bank | $335,000 | n/a | 0.0% | |
LANGLEY | $170,000 | $330,000 | 94.1% | 0.0% |
RUOFF MORTGAGE COMPANY, INC. | $330,000 | n/a | 0.0% | |
Select Bank | $4,870,000 | $320,000 | -93.4% | 0.0% |
ACADEMY MORTGAGE CORPORATION | $315,000 | $315,000 | 0.0% | 0.0% |
ROYAL UNITED MORTGAGE LLC | $1,900,000 | $315,000 | -83.4% | 0.0% |
SUMMIT FUNDING, INC. | $425,000 | $305,000 | -28.2% | 0.0% |
TJC Mortgage, Inc. | $165,000 | $305,000 | 84.8% | 0.0% |
Northwest Federal Credit Union | $970,000 | $300,000 | -69.1% | 0.0% |
Loan Simple, Inc. | $195,000 | $295,000 | 51.3% | 0.0% |
Stifel Bank and Trust | $685,000 | $295,000 | -56.9% | 0.0% |
Bank-Fund Staff Federal Credit Union | $290,000 | n/a | 0.0% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $7,320,000 | $285,000 | -96.1% | 0.0% |
FIRST SAVINGS MORTGAGE CORPORATION | $2,665,000 | $285,000 | -89.3% | 0.0% |
N R L Federal Credit Union | $285,000 | n/a | 0.0% | |
MICHIGAN MUTUAL, INC. | $275,000 | n/a | 0.0% | |
US MORTGAGE CORPORATION | $145,000 | $265,000 | 82.8% | 0.0% |
CORNING | $255,000 | n/a | 0.0% | |
DAS Acquisition Company, LLC | $255,000 | n/a | 0.0% | |
TOP FLITE FINANCIAL, INC. | $250,000 | n/a | 0.0% | |
Heritage Bank | $245,000 | n/a | 0.0% | |
HOMESTEAD FUNDING CORP. | $685,000 | $245,000 | -64.2% | 0.0% |
VELOCITY COMMERCIAL CAPITAL, LLC | $245,000 | n/a | 0.0% | |
CALCON MUTUAL MORTGAGE LLC | $235,000 | n/a | 0.0% | |
First Merchants Bank | $235,000 | n/a | 0.0% | |
First National Bank of Omaha | $235,000 | n/a | 0.0% | |
Bank of England | $580,000 | $230,000 | -60.3% | 0.0% |
HOMESPIRE MORTGAGE CORPORATION | $155,000 | $225,000 | 45.2% | 0.0% |
Member Options, LLC | $225,000 | n/a | 0.0% | |
Peoples Bank | $225,000 | n/a | 0.0% | |
ServisFirst Bank | $225,000 | n/a | 0.0% | |
AMERICAN FINANCE HOUSE LARIBA | $215,000 | n/a | 0.0% | |
Hometown Equity Mortgage, LLC | $205,000 | n/a | 0.0% | |
First Savings Bank | $1,050,000 | $195,000 | -81.4% | 0.0% |
New Peoples Bank, Inc. | $185,000 | n/a | 0.0% | |
SILVER HILL FUNDING, LLC | $125,000 | $185,000 | 48.0% | 0.0% |
Countybank | $155,000 | n/a | 0.0% | |
NATIONS DIRECT MORTGAGE, LLC | $1,170,000 | $155,000 | -86.8% | 0.0% |
THE MORTGAGE LINK, INC. | $270,000 | $155,000 | -42.6% | 0.0% |
UNIVERSITY CREDIT UNION | $150,000 | n/a | 0.0% | |
Leader Bank | $145,000 | n/a | 0.0% | |
TIDEWATER MORTGAGE SERVICES, INC. | $3,155,000 | $145,000 | -95.4% | 0.0% |
BAY EQUITY LLC | $135,000 | n/a | 0.0% | |
EVERETT FINANCIAL, INC. | $135,000 | n/a | 0.0% | |
Mid-Continent Funding, Inc. | $735,000 | $135,000 | -81.6% | 0.0% |
Salem VA Credit Union | $445,000 | $130,000 | -70.8% | 0.0% |
AMERICAN HERITAGE LENDING, INC. | $125,000 | n/a | 0.0% | |
Signature Federal Credit Union | $125,000 | n/a | 0.0% | |
KeyBank | $830,000 | $115,000 | -86.1% | 0.0% |
Commerce Home Mortgage, Inc. | $105,000 | n/a | 0.0% | |
EDUCATIONAL SYSTEMS | $105,000 | n/a | 0.0% | |
LAFAYETTE FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
CITIZENS EQUITY FIRST | $100,000 | n/a | 0.0% | |
LOCAL GOVERNMENT FEDERAL CREDIT UNION | $795,000 | $95,000 | -88.1% | 0.0% |
State Department Federal Credit Union | $145,000 | $95,000 | -34.5% | 0.0% |
FINANCE OF AMERICA REVERSE LLC | $1,270,000 | $85,000 | -93.3% | 0.0% |
United Bank | $780,000 | $85,000 | -89.1% | 0.0% |
Meridian Bank Corporation | $75,000 | n/a | 0.0% | |
TRIAD FINANCIAL SERVICES, INC. | $75,000 | n/a | 0.0% | |
ALLIANT CREDIT UNION | $55,000 | n/a | 0.0% | |
AMERICAN INTERNET MORTGAGE, INC. | $45,000 | n/a | 0.0% | |
Bethpage Federal Credit Union | $45,000 | n/a | 0.0% | |
First American Bank | $15,000 | n/a | 0.0% |
ROANOKE's top lender by overall market share is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 6.0% market share. In second place, with 5.6%, is QUICKEN LOANS, LLC, having originated $84,240,000 in loans. In third place, with 5.0%, is MEMBER ONE, having originated $75,440,000 in loans. In fourth place, with 4.6%, is Bank of Botetourt, having originated $69,880,000 in loans. In fifth place, with 4.3%, is GREYSTONE SERVICING COMPANY LLC, having originated $65,675,000 in loans.
ROANOKE, VA Average Rent (2023)
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Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
---|---|---|---|---|---|---|
24001 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24002 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24003 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24004 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24005 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24006 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24007 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24008 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24009 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24010 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24011 | Roanoke, VA HUD Metro FMR Area | $780 | $870 | $1,070 | $1,470 | $1,660 |
24012 | Roanoke, VA HUD Metro FMR Area | $690 | $770 | $950 | $1,300 | $1,470 |
24013 | Roanoke, VA HUD Metro FMR Area | $710 | $790 | $970 | $1,330 | $1,500 |
24014 | Roanoke, VA HUD Metro FMR Area | $670 | $750 | $920 | $1,260 | $1,420 |
24015 | Roanoke, VA HUD Metro FMR Area | $640 | $710 | $880 | $1,210 | $1,360 |
24016 | Roanoke, VA HUD Metro FMR Area | $750 | $840 | $1,030 | $1,410 | $1,590 |
24017 | Roanoke, VA HUD Metro FMR Area | $720 | $800 | $990 | $1,360 | $1,530 |
24018 | Roanoke, VA HUD Metro FMR Area | $800 | $890 | $1,100 | $1,510 | $1,700 |
24019 | Roanoke, VA HUD Metro FMR Area | $820 | $910 | $1,120 | $1,540 | $1,730 |
24020 | Roanoke, VA HUD Metro FMR Area | $820 | $910 | $1,120 | $1,540 | $1,730 |
24022 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24023 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24024 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24025 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24026 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24027 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24028 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24029 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24030 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24031 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24032 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24033 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24034 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24035 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24036 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24037 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24038 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24059 | Roanoke, VA HUD Metro FMR Area | $710 | $760 | $960 | $1,270 | $1,450 |
24064 | Roanoke, VA HUD Metro FMR Area | $690 | $750 | $900 | $1,230 | $1,380 |
24065 | Roanoke, VA HUD Metro FMR Area | $640 | $650 | $850 | $1,070 | $1,190 |
24066 | Roanoke, VA HUD Metro FMR Area | $620 | $690 | $850 | $1,170 | $1,320 |
24070 | Roanoke, VA HUD Metro FMR Area | $680 | $750 | $930 | $1,280 | $1,440 |
24077 | Roanoke, VA HUD Metro FMR Area | $750 | $830 | $1,020 | $1,400 | $1,580 |
24079 | Roanoke, VA HUD Metro FMR Area | $770 | $850 | $1,050 | $1,430 | $1,620 |
24083 | Roanoke, VA HUD Metro FMR Area | $900 | $1,000 | $1,230 | $1,690 | $1,900 |
24085 | Roanoke, VA HUD Metro FMR Area | $670 | $750 | $920 | $1,270 | $1,430 |
24087 | Roanoke, VA HUD Metro FMR Area | $670 | $730 | $850 | $1,200 | $1,440 |
24090 | Roanoke, VA HUD Metro FMR Area | $830 | $920 | $1,140 | $1,560 | $1,760 |
24101 | Roanoke, VA HUD Metro FMR Area | $830 | $840 | $1,090 | $1,350 | $1,510 |
24127 | Roanoke, VA HUD Metro FMR Area | $580 | $640 | $800 | $1,090 | $1,230 |
24128 | Roanoke, VA HUD Metro FMR Area | $680 | $730 | $850 | $1,200 | $1,440 |
24130 | Roanoke, VA HUD Metro FMR Area | $720 | $800 | $990 | $1,360 | $1,530 |
24131 | Roanoke, VA HUD Metro FMR Area | $580 | $640 | $800 | $1,090 | $1,230 |
24153 | Roanoke, VA HUD Metro FMR Area | $820 | $910 | $1,120 | $1,540 | $1,730 |
24175 | Roanoke, VA HUD Metro FMR Area | $690 | $760 | $940 | $1,290 | $1,460 |
24179 | Roanoke, VA HUD Metro FMR Area | $690 | $740 | $900 | $1,230 | $1,380 |
24422 | Roanoke, VA HUD Metro FMR Area | $600 | $670 | $820 | $1,120 | $1,270 |
24426 | Roanoke, VA HUD Metro FMR Area | $580 | $640 | $800 | $1,090 | $1,230 |
24438 | Roanoke, VA HUD Metro FMR Area | $720 | $800 | $990 | $1,360 | $1,530 |
24450 | Roanoke, VA HUD Metro FMR Area | $720 | $800 | $990 | $1,360 | $1,530 |
24579 | Roanoke, VA HUD Metro FMR Area | $720 | $800 | $990 | $1,360 | $1,530 |
2022 Average & Median Rent Data Statistics
ROANOKE, VA average 1BR rent: $774, median: $760
ROANOKE, VA average 2BR rent: $956, median: $940
ROANOKE, VA average 3BR rent: $1,308, median: $1,290
ROANOKE, VA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 3,355 | $932,795,000 | $278,031 |
Other | 828 | $79,800,000 | $96,377 |
Cash Out Refi | 750 | $142,290,000 | $189,720 |
Home Improvement | 671 | $57,215,000 | $85,268 |
Refi | 627 | $304,005,000 | $484,856 |
Roanoke's most frequently cited loan purpose was Home Purchase, with 3,355 originations. The 2nd most popular reason was Other, with 828 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 2,171 | $525,785,000 | $242,186 |
7-8% | 1,490 | $317,810,000 | $213,295 |
5-6% | 933 | $270,465,000 | $289,887 |
Over 8% | 913 | $103,285,000 | $113,127 |
4-5% | 322 | $35,620,000 | $110,621 |
3-4% | 14 | $2,240,000 | $160,000 |
2.5-3% | 12 | $2,000,000 | $166,667 |
<2.5% | 11 | $1,045,000 | $95,000 |
During 2023, Roanoke's most frequently originated rate bucket was 6-7%, with 2,171 originations.
Loan Sizing (ROANOKE, VA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 1,998 | $546,660,000 | $273,604 |
$100k-200k | 1,967 | $290,995,000 | $147,938 |
$100,000 or less | 1,703 | $91,555,000 | $53,761 |
$400k-600k | 363 | $171,805,000 | $473,292 |
$600k-1000k | 137 | $101,585,000 | $741,496 |
$Over $1MM | 63 | $313,505,000 | $4,976,270 |
ROANOKE's loan sizing saw the bucket of loans from $200k-400k with 1,998 originations, totaling $546,660,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 2,155 | $582,915,000 | $270,494 |
60-80% | 1,206 | $432,260,000 | $358,425 |
Under 20% | 966 | $49,000,000 | $50,725 |
20-40% | 907 | $96,065,000 | $105,915 |
40-60% | 561 | $142,545,000 | $254,091 |
Over 100% | 47 | $14,775,000 | $314,362 |
ROANOKE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,155 originations, totaling $582,915,000 in origination value.