ROCKY MOUNT Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Rocky Mount averaged
7.01%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.64% and
one month ago for the week of 2025-05-15, the
average rate was 6.91%.
Rocky Mount's average rate one year ago was 6.85%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.39%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Rocky Mount 30 Year Fixed Rate | 2025-06-18 | 7.01% |
| Rocky Mount 30 Year Fixed Rate Refi | 2025-06-18 | 7.39% |
| Rocky Mount 15 Year Fixed Rate | 2025-06-18 | 5.86% |
| Rocky Mount 15 Year Fixed Rate Refi | 2025-06-18 | 6.56% |
| Rocky Mount 30 Year FHA | 2025-06-18 | 0.03% |
| Rocky Mount 30 Year FHA Refi | 2025-06-18 | -0.2% |
| Rocky Mount 30 Year USDA | 2025-06-18 | 0.2% |
| Rocky Mount 30 Year USDA Refi | 2025-06-18 | -0.1% |
| Rocky Mount 30 Year VA | 2025-06-18 | 0.06% |
| Rocky Mount 30 Year VA Refi | 2025-06-18 | -0.48% |
ROCKY MOUNT 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 ROCKY MOUNT, 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.).
ROCKY MOUNT Average Closing Costs & Other Stats
ROCKY MOUNT, NC's 123 lenders originated 2,803
loans during 2024. The total origination value was $550,085,000, with an average loan value of
$196,249.
ROCKY MOUNT's average closing costs are $5,277.
The top ROCKY MOUNT lender as defined by loan originations is STATE EMPLOYEES', with
124 loans originated. Their average total fees are
$4,088, which is $2,446
lower than the next largest lender,
ATLANTIC BAY MORTGAGE GROUP, L.L.C..
The lowest fee ROCKY MOUNT lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($2,332), Southern Bank and Trust Company ($3,590), STATE EMPLOYEES' ($4,088), JPMorgan Chase Bank ($4,143) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,228).
The lowest rate ROCKY MOUNT lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.49%), NVR Mortgage Finance, Inc. (6.18%), STATE EMPLOYEES' (6.27%), JPMorgan Chase Bank (6.35%) and GUARANTEED RATE, INC. (6.54%).
ROCKY MOUNT, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| STATE EMPLOYEES' | $64,890,000 | $51,045,000 | -21.3% | 9.3% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $29,735,000 | $32,685,000 | 9.9% | 5.9% |
| QUICKEN LOANS, LLC | $26,145,000 | $26,400,000 | 1.0% | 4.8% |
| Southern Bank and Trust Company | $26,860,000 | $24,870,000 | -7.4% | 4.5% |
| Mortgage Research Center, LLC | $13,870,000 | $17,080,000 | 23.1% | 3.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $11,175,000 | $16,190,000 | 44.9% | 2.9% |
| GUARANTEED RATE, INC. | $12,525,000 | $14,735,000 | 17.6% | 2.7% |
| VELOCIO MORTGAGE L.L.C. | $765,000 | $13,165,000 | 1,620.9% | 2.4% |
| WALKER & DUNLOP, LLC | $12,525,000 | n/a | 2.3% | |
| Keystone Funding, Inc. | $10,930,000 | n/a | 2.0% | |
| Truist | $11,810,000 | $10,275,000 | -13.0% | 1.9% |
| FBC MORTGAGE, LLC | $6,385,000 | $9,805,000 | 53.6% | 1.8% |
| DHI MORTGAGE COMPANY, LTD. | $3,375,000 | $9,360,000 | 177.3% | 1.7% |
| FREEDOM MORTGAGE CORPORATION | $3,715,000 | $9,050,000 | 143.6% | 1.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,450,000 | $8,990,000 | 160.6% | 1.6% |
| NAVY FEDERAL CREDIT UNION | $4,675,000 | $8,465,000 | 81.1% | 1.5% |
| LOANDEPOT.COM, LLC | $3,830,000 | $8,400,000 | 119.3% | 1.5% |
| First-Citizens Bank & Trust Company | $6,020,000 | $8,110,000 | 34.7% | 1.5% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $6,110,000 | $7,965,000 | 30.4% | 1.4% |
| NVR Mortgage Finance, Inc. | $4,260,000 | $7,715,000 | 81.1% | 1.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $6,500,000 | $7,485,000 | 15.2% | 1.4% |
| PNC Bank | $9,650,000 | $7,320,000 | -24.1% | 1.3% |
| JPMorgan Chase Bank | $2,590,000 | $7,240,000 | 179.5% | 1.3% |
| MOVEMENT MORTGAGE, LLC | $9,660,000 | $6,440,000 | -33.3% | 1.2% |
| COASTAL Federal Credit Union | $4,440,000 | $5,845,000 | 31.6% | 1.1% |
| PENNYMAC LOAN SERVICES, LLC | $2,585,000 | $5,365,000 | 107.5% | 1.0% |
| AgCarolina Farm Credit, FLCA | $3,955,000 | $4,980,000 | 25.9% | 0.9% |
| Towne Bank | $2,360,000 | $4,920,000 | 108.5% | 0.9% |
| NEWREZ LLC | $1,245,000 | $4,760,000 | 282.3% | 0.9% |
| 21ST MORTGAGE CORPORATION | $1,630,000 | $4,580,000 | 181.0% | 0.8% |
| Wells Fargo Bank | $4,315,000 | $4,510,000 | 4.5% | 0.8% |
| T2 FINANCIAL LLC | $535,000 | $4,330,000 | 709.3% | 0.8% |
| FIRST BANCORP | $2,490,000 | $3,740,000 | 50.2% | 0.7% |
| INSPIRE HOME LOANS INC. | $12,415,000 | $3,660,000 | -70.5% | 0.7% |
| BROKER SOLUTIONS, INC. | $1,730,000 | $3,570,000 | 106.4% | 0.6% |
| Towne Mortgage of the Carolinas, LLC | $2,030,000 | $3,540,000 | 74.4% | 0.6% |
| Alcova Mortgage LLC | $2,575,000 | $3,395,000 | 31.8% | 0.6% |
| GUILD MORTGAGE COMPANY | $1,125,000 | $3,245,000 | 188.4% | 0.6% |
| LENDINGHOME FUNDING CORPORATION | $1,950,000 | $3,130,000 | 60.5% | 0.6% |
| NFM, INC. | $11,590,000 | $3,085,000 | -73.4% | 0.6% |
| First Carolina Bank | $2,705,000 | $2,885,000 | 6.7% | 0.5% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $9,455,000 | $2,735,000 | -71.1% | 0.5% |
| GREYSTONE SERVICING COMPANY LLC | $2,700,000 | n/a | 0.5% | |
| The Federal Savings Bank | $3,530,000 | $2,670,000 | -24.4% | 0.5% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,340,000 | $2,565,000 | 91.4% | 0.5% |
| American Security Mortgage Corp. | $2,120,000 | $2,520,000 | 18.9% | 0.5% |
| ZILLOW HOME LOANS, LLC | $1,705,000 | $2,515,000 | 47.5% | 0.5% |
| INTERCOASTAL MORTGAGE COMPANY | $1,240,000 | $2,485,000 | 100.4% | 0.5% |
| United Bank | $1,480,000 | $2,475,000 | 67.2% | 0.4% |
| GoPrime Mortgage, Inc. | $2,120,000 | $2,335,000 | 10.1% | 0.4% |
| Carter Bank & Trust | $2,310,000 | n/a | 0.4% | |
| CMG MORTGAGE, INC. | $1,000,000 | $2,300,000 | 130.0% | 0.4% |
| CORNERSTONE HOME LENDING, INC. | $2,090,000 | $2,245,000 | 7.4% | 0.4% |
| Providence Bank | $3,160,000 | $2,085,000 | -34.0% | 0.4% |
| Integrity Home Mortgage Corp | $2,605,000 | $2,060,000 | -20.9% | 0.4% |
| UNION HOME MORTGAGE CORP. | $985,000 | $2,055,000 | 108.6% | 0.4% |
| SeaTrust Mortgage Company | $2,035,000 | n/a | 0.4% | |
| CALCON MUTUAL MORTGAGE LLC | $1,760,000 | $1,920,000 | 9.1% | 0.3% |
| NEW DAY FINANCIAL, LLC | $1,190,000 | $1,840,000 | 54.6% | 0.3% |
| Prosperity Home Mortgage, LLC | $2,405,000 | $1,785,000 | -25.8% | 0.3% |
| United Community Bank | $1,915,000 | $1,785,000 | -6.8% | 0.3% |
| Carrington Mortgage Services, LLC | $1,575,000 | $1,745,000 | 10.8% | 0.3% |
| North State Bank | $3,100,000 | $1,715,000 | -44.7% | 0.3% |
| CARDINAL FINANCIAL | $2,340,000 | $1,695,000 | -27.6% | 0.3% |
| VILLAGE CAPITAL MORTGAGE | $1,015,000 | $1,640,000 | 61.6% | 0.3% |
| LATINO COMMUNITY CREDIT UNION | $3,565,000 | $1,535,000 | -56.9% | 0.3% |
| LOANPAL, LLC | $200,000 | $1,475,000 | 637.5% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,825,000 | $1,425,000 | -21.9% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,640,000 | $1,345,000 | -49.1% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $1,745,000 | $1,315,000 | -24.6% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,220,000 | $1,310,000 | -41.0% | 0.2% |
| AmeriHome Mortgage Company, LLC | $1,270,000 | n/a | 0.2% | |
| First National Bank of America | $1,245,000 | n/a | 0.2% | |
| LIMA ONE CAPITAL, LLC | $1,605,000 | $1,235,000 | -23.1% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $330,000 | $1,160,000 | 251.5% | 0.2% |
| Citadel Servicing Corporation | $835,000 | $1,135,000 | 35.9% | 0.2% |
| RF Renovo Management Company, LLC | $615,000 | $1,110,000 | 80.5% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $445,000 | $1,085,000 | 143.8% | 0.2% |
| 1ST SIGNATURE LENDING, LLC | $945,000 | $1,050,000 | 11.1% | 0.2% |
| Discover Bank | $865,000 | $1,045,000 | 20.8% | 0.2% |
| DELMAR FINANCIAL COMPANY | $880,000 | $1,010,000 | 14.8% | 0.2% |
| AMERICAN FINANCIAL RESOURCES, INC. | $965,000 | n/a | 0.2% | |
| Equity Prime Mortgage LLC | $420,000 | $950,000 | 126.2% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $895,000 | $930,000 | 3.9% | 0.2% |
| CLEARPATH LENDING | $705,000 | $905,000 | 28.4% | 0.2% |
| KS Bank, Inc. | $905,000 | n/a | 0.2% | |
| First Heritage Mortgage, LLC | $490,000 | $900,000 | 83.7% | 0.2% |
| SIRVA MORTGAGE, INC. | $890,000 | n/a | 0.2% | |
| EMM LOANS LLC | $310,000 | $885,000 | 185.5% | 0.2% |
| ALLIANT CREDIT UNION | $880,000 | n/a | 0.2% | |
| Bank of America | $640,000 | $880,000 | 37.5% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $855,000 | n/a | 0.2% | |
| SUMMIT FUNDING, INC. | $840,000 | n/a | 0.2% | |
| NBKC BANK | $815,000 | n/a | 0.1% | |
| Figure Lending LLC | $230,000 | $810,000 | 252.2% | 0.1% |
| The Loan Store, Inc. | $285,000 | $810,000 | 184.2% | 0.1% |
| MILEND, INC. | $165,000 | $805,000 | 387.9% | 0.1% |
| The Central Trust Bank | $255,000 | $805,000 | 215.7% | 0.1% |
| U.S. Bank | $575,000 | $805,000 | 40.0% | 0.1% |
| VERITAS FUNDING, LLC | $785,000 | n/a | 0.1% | |
| First National Bank of Pennsylvania | $2,130,000 | $765,000 | -64.1% | 0.1% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $105,000 | $760,000 | 623.8% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $1,445,000 | $710,000 | -50.9% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $1,760,000 | $700,000 | -60.2% | 0.1% |
| Magnolia Bank | $700,000 | n/a | 0.1% | |
| Renasant Bank | $720,000 | $700,000 | -2.8% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $930,000 | $675,000 | -27.4% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $1,380,000 | $665,000 | -51.8% | 0.1% |
| CONSTRUCTIVE LOANS, LLC | $240,000 | $630,000 | 162.5% | 0.1% |
| Blue Ridge Bank | $1,360,000 | $595,000 | -56.3% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $595,000 | n/a | 0.1% | |
| EQUITY RESOURCES, INC. | $2,215,000 | $590,000 | -73.4% | 0.1% |
| AmRes Corporation | $155,000 | $580,000 | 274.2% | 0.1% |
| POLARIS HOME FUNDING CORP. | $580,000 | n/a | 0.1% | |
| Loan Simple, Inc. | $565,000 | n/a | 0.1% | |
| JET HOMELOANS, LLC | $4,325,000 | $560,000 | -87.1% | 0.1% |
| Benchmark Community Bank | $2,590,000 | $540,000 | -79.2% | 0.1% |
| BAY CAPITAL MORTGAGE CORPORATION | $525,000 | n/a | 0.1% | |
| JAMS-01, INC. | $510,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $315,000 | $510,000 | 61.9% | 0.1% |
| Coastal Community Bank | $500,000 | n/a | 0.1% | |
| Encompass Lending Group, LP | $500,000 | n/a | 0.1% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $500,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $185,000 | $485,000 | 162.2% | 0.1% |
| CAPITAL CENTER, L.L.C. | $480,000 | n/a | 0.1% | |
| Ameris Bank | $185,000 | $465,000 | 151.4% | 0.1% |
| A&D Mortgage LLC | $220,000 | $460,000 | 109.1% | 0.1% |
| Fifth Third Bank | $2,440,000 | $455,000 | -81.4% | 0.1% |
| South State Bank | $165,000 | $450,000 | 172.7% | 0.1% |
| Northpointe Bank | $880,000 | $445,000 | -49.4% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $705,000 | $425,000 | -39.7% | 0.1% |
| Ixonia Bank | $425,000 | n/a | 0.1% | |
| Texana Bank | $425,000 | n/a | 0.1% | |
| Nations Lending Corporation | $1,140,000 | $420,000 | -63.2% | 0.1% |
| SFMC, LP | $415,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $410,000 | n/a | 0.1% | |
| FIRST HOME MORTGAGE CORPORATION | $405,000 | n/a | 0.1% | |
| Corporate Investors Mortgage Group, Inc. | $235,000 | $400,000 | 70.2% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $395,000 | n/a | 0.1% | |
| MORTGAGE ACCESS CORP. | $945,000 | $395,000 | -58.2% | 0.1% |
| NP, Inc. | $380,000 | n/a | 0.1% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $165,000 | $375,000 | 127.3% | 0.1% |
| Hometown Equity Mortgage, LLC | $300,000 | $350,000 | 16.7% | 0.1% |
| AMWEST FUNDING CORP. | $345,000 | n/a | 0.1% | |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $205,000 | $345,000 | 68.3% | 0.1% |
| PREMIA MORTGAGE, LLC | $255,000 | $345,000 | 35.3% | 0.1% |
| BAYSHORE MORTGAGE FUNDING, LLC | $340,000 | n/a | 0.1% | |
| Plains Commerce Bank | $925,000 | $330,000 | -64.3% | 0.1% |
| Lakeview Community Capital, LLC | $325,000 | n/a | 0.1% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $625,000 | $325,000 | -48.0% | 0.1% |
| AMERICAN FINANCING CORPORATION | $320,000 | n/a | 0.1% | |
| First Federal Bank | $315,000 | n/a | 0.1% | |
| MORIA DEVELOPMENT, INC. | $315,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $2,225,000 | $310,000 | -86.1% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $95,000 | $310,000 | 226.3% | 0.1% |
| Credence Funding Corporation | $810,000 | $305,000 | -62.3% | 0.1% |
| GUIDANCE RESIDENTIAL, LLC | $315,000 | $305,000 | -3.2% | 0.1% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $305,000 | n/a | 0.1% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $305,000 | n/a | 0.1% | |
| Logan Finance Corporation | $295,000 | n/a | 0.1% | |
| TIDEWATER MORTGAGE SERVICES, INC. | $295,000 | n/a | 0.1% | |
| Truliant Federal Credit Union | $85,000 | $290,000 | 241.2% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $145,000 | $285,000 | 96.6% | 0.1% |
| TJC Mortgage, Inc. | $285,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $280,000 | n/a | 0.1% | |
| C & F Mortgage Corporation | $275,000 | n/a | 0.0% | |
| General Mortgage Capital Corporation | $275,000 | n/a | 0.0% | |
| SELF-HELP Credit Union | $605,000 | $275,000 | -54.5% | 0.0% |
| Beeline Loans, Inc. | $270,000 | n/a | 0.0% | |
| USAA Federal Savings Bank | $1,295,000 | $270,000 | -79.2% | 0.0% |
| LADERA LENDING, INC. | $265,000 | n/a | 0.0% | |
| M&T Bank | $270,000 | $265,000 | -1.9% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $230,000 | $265,000 | 15.2% | 0.0% |
| Advisors Mortgage Group, L.L.C. | $255,000 | n/a | 0.0% | |
| NEXERA HOLDING LLC | $255,000 | n/a | 0.0% | |
| NORWICH COMMERCIAL GROUP, INC. | $255,000 | n/a | 0.0% | |
| FIRST COLONY MORTGAGE CORPORATION | $250,000 | n/a | 0.0% | |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | $245,000 | n/a | 0.0% | |
| Century Mortgage Company DBA Century Lending Company | $1,015,000 | $245,000 | -75.9% | 0.0% |
| First Horizon Bank | $245,000 | n/a | 0.0% | |
| WEYCO COMMUNITY CREDIT UNION | $245,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $235,000 | n/a | 0.0% | |
| INTERSTATE HOME LOAN CENTER, INC. | $235,000 | n/a | 0.0% | |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $225,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $430,000 | $215,000 | -50.0% | 0.0% |
| Stifel Bank and Trust | $205,000 | $210,000 | 2.4% | 0.0% |
| Advance Financial Group, LLC | $205,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $205,000 | n/a | 0.0% | |
| PANORAMA MORTGAGE GROUP, LLC | $205,000 | n/a | 0.0% | |
| LANGLEY | $515,000 | $195,000 | -62.1% | 0.0% |
| AXIA FINANCIAL, LLC | $175,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $380,000 | $175,000 | -53.9% | 0.0% |
| THE MORTGAGE LINK, INC. | $175,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $175,000 | n/a | 0.0% | |
| NEW WAVE LENDING GROUP INC | $165,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $470,000 | $165,000 | -64.9% | 0.0% |
| CORNING | $155,000 | n/a | 0.0% | |
| American Mortgage & Equity Consultants, Inc. | $350,000 | $145,000 | -58.6% | 0.0% |
| ENVOY MORTGAGE, LTD | $145,000 | n/a | 0.0% | |
| Presidential Bank, FSB | $145,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $505,000 | $135,000 | -73.3% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $85,000 | $135,000 | 58.8% | 0.0% |
| LENDINGONE, LLC | $2,180,000 | $125,000 | -94.3% | 0.0% |
| CSL Financial, LLC | $145,000 | $115,000 | -20.7% | 0.0% |
| Citizens Bank | $905,000 | $105,000 | -88.4% | 0.0% |
| HOMESPIRE MORTGAGE CORPORATION | $1,270,000 | $105,000 | -91.7% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $105,000 | n/a | 0.0% | |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $95,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $85,000 | n/a | 0.0% | |
| COMMONWEALTH ONE FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
| MEMBER ADVANTAGE MORTGAGE, LLC | $85,000 | n/a | 0.0% | |
| MORTGAGE INVESTORS GROUP, INC. | $85,000 | $85,000 | 0.0% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
| Secured Investment Corp. | $85,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $215,000 | $75,000 | -65.1% | 0.0% |
| First Bank | $205,000 | $75,000 | -63.4% | 0.0% |
| PHH Mortgage Corporation | $210,000 | $75,000 | -64.3% | 0.0% |
| RESIDENTIAL BANCORP | $75,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $65,000 | n/a | 0.0% | |
| HomeTrust Bank | $65,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $175,000 | $65,000 | -62.9% | 0.0% |
| CHARLOTTE METRO FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| RTP Federal Credit Union | $55,000 | n/a | 0.0% | |
| The Huntington National Bank | $110,000 | $55,000 | -50.0% | 0.0% |
| HighTechLending Inc | $45,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $45,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $785,000 | $35,000 | -95.5% | 0.0% |
| FIRST FLIGHT FEDERAL CREDIT UNION | $25,000 | n/a | 0.0% | |
| INOVA FEDERAL CREDIT UNION | $15,000 | n/a | 0.0% |
ROCKY MOUNT's top lender by overall market share is STATE EMPLOYEES', with 9.3% market share. In second place, with 5.9%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $32,685,000 in loans. In third place, with 4.8%, is QUICKEN LOANS, LLC, having originated $26,400,000 in loans. In fourth place, with 4.5%, is Southern Bank and Trust Company, having originated $24,870,000 in loans. In fifth place, with 3.1%, is Mortgage Research Center, LLC, having originated $17,080,000 in loans.
ROCKY MOUNT, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,592 | $355,440,000 | $223,266 |
| Refi | 373 | $97,875,000 | $262,399 |
| Cash Out Refi | 327 | $56,885,000 | $173,960 |
| Other | 266 | $22,050,000 | $82,895 |
| Home Improvement | 245 | $17,835,000 | $72,796 |
Rocky Mount's most frequently cited loan purpose was Home Purchase, with 1,592 originations. The 2nd most popular reason was Refi, with 373 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,000 | $235,910,000 | $235,910 |
| 7-8% | 686 | $104,520,000 | $152,362 |
| Over 8% | 486 | $65,580,000 | $134,938 |
| 5-6% | 415 | $113,155,000 | $272,663 |
| <2.5% | 82 | $1,160,000 | $14,146 |
| 4-5% | 59 | $15,015,000 | $254,492 |
| 3-4% | 28 | $8,000,000 | $285,714 |
| 2.5-3% | 1 | $15,000 | $15,000 |
During 2024, Rocky Mount's most frequently originated rate bucket was 6-7%, with 1,000 originations.
Loan Sizing (ROCKY MOUNT, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,017 | $280,855,000 | $276,160 |
| $100k-200k | 845 | $125,275,000 | $148,254 |
| $100,000 or less | 801 | $42,125,000 | $52,591 |
| $400k-600k | 110 | $51,120,000 | $464,727 |
| $600k-1000k | 20 | $14,700,000 | $735,000 |
| $Over $1MM | 10 | $36,010,000 | $3,601,000 |
ROCKY MOUNT's loan sizing saw the bucket of loans from $200k-400k with 1,017 originations, totaling $280,855,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,206 | $299,320,000 | $248,192 |
| 60-80% | 480 | $116,430,000 | $242,563 |
| Under 20% | 386 | $14,160,000 | $36,684 |
| 20-40% | 339 | $29,945,000 | $88,333 |
| 40-60% | 241 | $49,795,000 | $206,618 |
| Over 100% | 72 | $19,910,000 | $276,528 |
ROCKY MOUNT's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,206 originations, totaling $299,320,000 in origination value.