ROME Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Rome averaged
6.69%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
7.01% and
one month ago for the week of 2024-06-13, the
average rate was 6.97%.
Rome's average rate one year ago was 6.98%.
For refis of the same type during the week of 2024-07-18, the average rate
was 7.38%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Rome 30 Year Fixed Rate | 2024-07-18 | 6.69% |
| Rome 30 Year Fixed Rate Refi | 2024-07-18 | 7.38% |
| Rome 15 Year Fixed Rate | 2024-07-18 | 5.85% |
| Rome 15 Year Fixed Rate Refi | 2024-07-18 | 6.25% |
| Rome 30 Year FHA | 2024-07-18 | 6.66% |
| Rome 30 Year FHA Refi | 2024-07-18 | 6.69% |
| Rome 30 Year USDA | 2024-07-18 | 6.83% |
| Rome 30 Year USDA Refi | 2024-07-18 | 6.63% |
| Rome 30 Year VA | 2024-07-18 | 6.28% |
| Rome 30 Year VA Refi | 2024-07-18 | 6.2% |
ROME 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 ROME, GA 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.).
ROME Average Closing Costs & Other Stats
ROME, GA's 107 lenders originated 1,709
loans during 2023. The total origination value was $335,515,000, with an average loan value of
$196,322.
ROME's average closing costs are $5,291.
The top ROME lender as defined by loan originations is QUICKEN LOANS, LLC, with
50 loans originated. Their average total fees are
$6,893, which is $346
lower than the next largest lender,
Synovus Bank.
The lowest fee ROME lenders (with over 10 loans originated) are
SWBC MORTGAGE CORPORATION ($2,132), HOMESTAR FINANCIAL CORPORATION ($3,966), MEMBER FIRST MORTGAGE, LLC ($4,581), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,570) and United Community Bank ($5,681).
The lowest rate ROME lenders (with over 10 loans originated) are
SWBC MORTGAGE CORPORATION (5.84%), Synovus Bank (6.40%), BANKSOUTH MORTGAGE COMPANY, LLC (6.51%), Ameris Bank (6.54%) and STOCKTON MORTGAGE CORPORATION (6.56%).
ROME, GA 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 Community Bank | $31,130,000 | $22,025,000 | -29.2% | 6.6% |
| Synovus Bank | $16,350,000 | $20,240,000 | 23.8% | 6.0% |
| QUICKEN LOANS, LLC | $28,140,000 | $19,255,000 | -31.6% | 5.7% |
| HOMESTAR FINANCIAL CORPORATION | $34,620,000 | $18,760,000 | -45.8% | 5.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $14,825,000 | $16,965,000 | 14.4% | 5.1% |
| FirstBank | $23,040,000 | $13,830,000 | -40.0% | 4.1% |
| Ameris Bank | $7,290,000 | $13,675,000 | 87.6% | 4.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $11,200,000 | $12,700,000 | 13.4% | 3.8% |
| BANKSOUTH MORTGAGE COMPANY, LLC | $5,680,000 | $10,375,000 | 82.7% | 3.1% |
| WALKER & DUNLOP, LLC | $7,310,000 | n/a | 2.2% | |
| SWBC MORTGAGE CORPORATION | $7,965,000 | $6,620,000 | -16.9% | 2.0% |
| Mortgage Research Center, LLC | $6,945,000 | $6,525,000 | -6.0% | 1.9% |
| Truist | $11,430,000 | $5,930,000 | -48.1% | 1.8% |
| Regions Bank | $8,380,000 | $5,860,000 | -30.1% | 1.7% |
| STOCKTON MORTGAGE CORPORATION | $3,840,000 | $5,380,000 | 40.1% | 1.6% |
| MOVEMENT MORTGAGE, LLC | $4,095,000 | $5,275,000 | 28.8% | 1.6% |
| GUARANTEED RATE, INC. | $755,000 | $5,175,000 | 585.4% | 1.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,220,000 | $5,045,000 | 313.5% | 1.5% |
| River City Bank | $4,840,000 | n/a | 1.4% | |
| EVERETT FINANCIAL, INC. | $6,485,000 | $4,660,000 | -28.1% | 1.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $4,400,000 | $4,245,000 | -3.5% | 1.3% |
| PENNYMAC LOAN SERVICES, LLC | $5,715,000 | $4,180,000 | -26.9% | 1.2% |
| First National Community Bank | $3,910,000 | n/a | 1.2% | |
| Renasant Bank | $3,145,000 | $3,830,000 | 21.8% | 1.1% |
| MEMBER FIRST MORTGAGE, LLC | $3,905,000 | $3,610,000 | -7.6% | 1.1% |
| CARDINAL FINANCIAL | $2,035,000 | $3,135,000 | 54.1% | 0.9% |
| Greater Community Bank | $2,970,000 | n/a | 0.9% | |
| DOMINION FINANCIAL SERVICES, LLC | $155,000 | $2,840,000 | 1,732.3% | 0.8% |
| Coosa Valley Credit Union | $3,075,000 | $2,770,000 | -9.9% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $4,540,000 | $2,690,000 | -40.7% | 0.8% |
| USAA Federal Savings Bank | $980,000 | $2,640,000 | 169.4% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $1,835,000 | $2,530,000 | 37.9% | 0.8% |
| CANOPY MORTGAGE, LLC | $155,000 | $2,095,000 | 1,251.6% | 0.6% |
| Wells Fargo Bank | $8,545,000 | $1,910,000 | -77.6% | 0.6% |
| JPMorgan Chase Bank | $2,960,000 | $1,825,000 | -38.3% | 0.5% |
| Flagstar Bank, FSB | $3,000,000 | $1,780,000 | -40.7% | 0.5% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $1,760,000 | n/a | 0.5% | |
| FREEDOM MORTGAGE CORPORATION | $3,400,000 | $1,675,000 | -50.7% | 0.5% |
| Capital City Home Loans, LLC | $345,000 | $1,505,000 | 336.2% | 0.4% |
| MILEND, INC. | $665,000 | $1,440,000 | 116.5% | 0.4% |
| DIRECT LENDERS, LLC | $3,235,000 | $1,360,000 | -58.0% | 0.4% |
| BROKER SOLUTIONS, INC. | $3,030,000 | $1,350,000 | -55.4% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $125,000 | $1,320,000 | 956.0% | 0.4% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $505,000 | $1,275,000 | 152.5% | 0.4% |
| Prosperity Home Mortgage, LLC | $2,060,000 | $1,265,000 | -38.6% | 0.4% |
| PNC Bank | $1,155,000 | $1,230,000 | 6.5% | 0.4% |
| RELIANCE FIRST CAPITAL, LLC | $155,000 | $1,125,000 | 625.8% | 0.3% |
| First Volunteer Bank | $1,105,000 | n/a | 0.3% | |
| LOANDEPOT.COM, LLC | $3,140,000 | $1,075,000 | -65.8% | 0.3% |
| FAMILY SAVINGS | $1,205,000 | $1,070,000 | -11.2% | 0.3% |
| CRESCENT MORTGAGE COMPANY | $255,000 | $1,065,000 | 317.6% | 0.3% |
| Mortgage Assurance Inc. | $420,000 | $1,025,000 | 144.0% | 0.3% |
| NEW DAY FINANCIAL, LLC | $1,280,000 | $1,025,000 | -19.9% | 0.3% |
| Bank of England | $455,000 | $1,020,000 | 124.2% | 0.3% |
| LENDINGONE, LLC | $2,110,000 | $1,000,000 | -52.6% | 0.3% |
| First National Bank of America | $945,000 | n/a | 0.3% | |
| PLANET HOME LENDING, LLC | $645,000 | $945,000 | 46.5% | 0.3% |
| Alcova Mortgage LLC | $320,000 | $865,000 | 170.3% | 0.3% |
| Equity Prime Mortgage LLC | $855,000 | n/a | 0.3% | |
| ISERVE RESIDENTIAL LENDING, LLC | $225,000 | $855,000 | 280.0% | 0.3% |
| Carrington Mortgage Services, LLC | $1,910,000 | $820,000 | -57.1% | 0.2% |
| Colony Bank | $950,000 | $810,000 | -14.7% | 0.2% |
| U.S. Bank | $590,000 | $790,000 | 33.9% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $710,000 | $780,000 | 9.9% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $670,000 | $780,000 | 16.4% | 0.2% |
| Discover Bank | $1,165,000 | $770,000 | -33.9% | 0.2% |
| UBS Bank USA | $755,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL NETWORK, INC. | $710,000 | n/a | 0.2% | |
| Nations Lending Corporation | $135,000 | $705,000 | 422.2% | 0.2% |
| SOUTHEAST MORTGAGE OF GEORGIA, INC. | $1,100,000 | $690,000 | -37.3% | 0.2% |
| Bank of America | $2,535,000 | $685,000 | -73.0% | 0.2% |
| LIMA ONE CAPITAL, LLC | $22,800,000 | $685,000 | -97.0% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $665,000 | n/a | 0.2% | |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $520,000 | $665,000 | 27.9% | 0.2% |
| NFM, INC. | $620,000 | n/a | 0.2% | |
| First Horizon Bank | $1,205,000 | $590,000 | -51.0% | 0.2% |
| Citizens Bank | $55,000 | $580,000 | 954.5% | 0.2% |
| Cornerstone First Mortgage, Inc | $560,000 | n/a | 0.2% | |
| ServisFirst Bank | $555,000 | n/a | 0.2% | |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $355,000 | $530,000 | 49.3% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $385,000 | $530,000 | 37.7% | 0.2% |
| American Airlines Federal Credit Union | $525,000 | n/a | 0.2% | |
| SUMMIT FUNDING, INC. | $290,000 | $520,000 | 79.3% | 0.2% |
| NEWREZ LLC | $985,000 | $510,000 | -48.2% | 0.2% |
| NEXERA HOLDING LLC | $510,000 | n/a | 0.2% | |
| First Southern Bank | $505,000 | n/a | 0.2% | |
| TRIAD FINANCIAL SERVICES, INC. | $470,000 | $495,000 | 5.3% | 0.1% |
| City National Bank | $485,000 | n/a | 0.1% | |
| GENEVA FINANCIAL, LLC | $930,000 | $485,000 | -47.8% | 0.1% |
| The Freedom Bank of Virginia | $485,000 | n/a | 0.1% | |
| Ally Bank | $1,000,000 | $465,000 | -53.5% | 0.1% |
| Magnolia Bank | $465,000 | n/a | 0.1% | |
| ACOPIA, LLC | $1,100,000 | $455,000 | -58.6% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $450,000 | n/a | 0.1% | |
| EMM LOANS LLC | $205,000 | $450,000 | 119.5% | 0.1% |
| Figure Lending LLC | $545,000 | $450,000 | -17.4% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $255,000 | $450,000 | 76.5% | 0.1% |
| UNION HOME MORTGAGE CORP. | $155,000 | $450,000 | 190.3% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $340,000 | $445,000 | 30.9% | 0.1% |
| TJC Mortgage, Inc. | $790,000 | $445,000 | -43.7% | 0.1% |
| First Federal Bank | $430,000 | n/a | 0.1% | |
| GUILD MORTGAGE COMPANY | $1,100,000 | $430,000 | -60.9% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $1,475,000 | $420,000 | -71.5% | 0.1% |
| AMWEST FUNDING CORP. | $135,000 | $415,000 | 207.4% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $785,000 | $405,000 | -48.4% | 0.1% |
| Associated Credit Union | $125,000 | $400,000 | 220.0% | 0.1% |
| Waterstone Mortgage Corporation | $175,000 | $395,000 | 125.7% | 0.1% |
| First Heritage Mortgage, LLC | $390,000 | n/a | 0.1% | |
| South State Bank | $21,065,000 | $390,000 | -98.1% | 0.1% |
| CREDIT UNION FINANCIAL SERVICES, LLC | $155,000 | $380,000 | 145.2% | 0.1% |
| 21ST MORTGAGE CORPORATION | $720,000 | $375,000 | -47.9% | 0.1% |
| The Huntington National Bank | $375,000 | n/a | 0.1% | |
| FIRST COMMUNITY MORTGAGE, INC. | $4,245,000 | $370,000 | -91.3% | 0.1% |
| ZILLOW HOME LOANS, LLC | $215,000 | $370,000 | 72.1% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $3,310,000 | $365,000 | -89.0% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $605,000 | $365,000 | -39.7% | 0.1% |
| The Federal Savings Bank | $1,605,000 | $345,000 | -78.5% | 0.1% |
| Fifth Third Bank | $305,000 | $320,000 | 4.9% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $320,000 | n/a | 0.1% | |
| Bethpage Federal Credit Union | $315,000 | n/a | 0.1% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $165,000 | $295,000 | 78.8% | 0.1% |
| Meridian Bank Corporation | $285,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $1,025,000 | $285,000 | -72.2% | 0.1% |
| FBC MORTGAGE, LLC | $275,000 | n/a | 0.1% | |
| GEORGIA'S OWN | $75,000 | $275,000 | 266.7% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $1,195,000 | $275,000 | -77.0% | 0.1% |
| The Loan Store, Inc. | $270,000 | n/a | 0.1% | |
| First Savings Bank | $265,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $265,000 | n/a | 0.1% | |
| DELTA COMMUNITY CREDIT UNION | $550,000 | $260,000 | -52.7% | 0.1% |
| First Option Mortgage, LLC | $495,000 | $260,000 | -47.5% | 0.1% |
| Wolfe Financial, Inc | $255,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $105,000 | $250,000 | 138.1% | 0.1% |
| NP, Inc. | $245,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $235,000 | n/a | 0.1% | |
| CONTOUR MORTGAGE CORPORATION | $235,000 | n/a | 0.1% | |
| ITHINK FINANCIAL Credit Union | $55,000 | $235,000 | 327.3% | 0.1% |
| Loan Simple, Inc. | $235,000 | n/a | 0.1% | |
| HOMEXPRESS MORTGAGE CORP. | $230,000 | n/a | 0.1% | |
| AMERICAN INTERNET MORTGAGE, INC. | $810,000 | $225,000 | -72.2% | 0.1% |
| CLEARPATH LENDING | $195,000 | $225,000 | 15.4% | 0.1% |
| SIRVA MORTGAGE, INC. | $225,000 | n/a | 0.1% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $250,000 | $220,000 | -12.0% | 0.1% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $215,000 | n/a | 0.1% | |
| American Mortgage & Equity Consultants, Inc. | $215,000 | n/a | 0.1% | |
| LEADERONE FINANCIAL CORPORATION | $215,000 | n/a | 0.1% | |
| LENDSURE MORTGAGE CORP. | $215,000 | n/a | 0.1% | |
| TOGETHER CREDIT UNION | $140,000 | $210,000 | 50.0% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $55,000 | $205,000 | 272.7% | 0.1% |
| Hometown Equity Mortgage, LLC | $125,000 | $205,000 | 64.0% | 0.1% |
| Lakeview Community Capital, LLC | $205,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $1,885,000 | $195,000 | -89.7% | 0.1% |
| DAS Acquisition Company, LLC | $645,000 | $195,000 | -69.8% | 0.1% |
| EASTMAN | $195,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $270,000 | $185,000 | -31.5% | 0.1% |
| DELMAR FINANCIAL COMPANY | $275,000 | $185,000 | -32.7% | 0.1% |
| SHELTER HOME MORTGAGE, LLC | $485,000 | $185,000 | -61.9% | 0.1% |
| SouthEast Bank | $185,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $260,000 | $185,000 | -28.8% | 0.1% |
| Citibank | $175,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $700,000 | $170,000 | -75.7% | 0.1% |
| CIS Financial Services, Inc. | $165,000 | n/a | 0.0% | |
| TOTAL MORTGAGE SERVICES, LLC | $165,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $185,000 | $160,000 | -13.5% | 0.0% |
| ALL IN | $155,000 | n/a | 0.0% | |
| Citizens Bank & Trust, Inc. | $655,000 | $155,000 | -76.3% | 0.0% |
| GMFS LLC | $155,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $265,000 | $155,000 | -41.5% | 0.0% |
| SOUTHEAST FIRST NATIONAL BANK | $155,000 | n/a | 0.0% | |
| The Piedmont Bank | $145,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $135,000 | n/a | 0.0% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $135,000 | n/a | 0.0% | |
| Bank OZK | $130,000 | n/a | 0.0% | |
| Assurance Financial Group, L.L.C. | $125,000 | n/a | 0.0% | |
| ATLANTA POSTAL | $1,170,000 | $125,000 | -89.3% | 0.0% |
| LOANPAL, LLC | $220,000 | $125,000 | -43.2% | 0.0% |
| PANORAMA MORTGAGE GROUP, LLC | $245,000 | $125,000 | -49.0% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $625,000 | $125,000 | -80.0% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,110,000 | $115,000 | -89.6% | 0.0% |
| Citadel Servicing Corporation | $105,000 | n/a | 0.0% | |
| DEEPHAVEN MORTGAGE LLC | $105,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $105,000 | n/a | 0.0% | |
| M&T Bank | $105,000 | n/a | 0.0% | |
| POWERCO | $105,000 | n/a | 0.0% | |
| CHERRY CREEK MORTGAGE, LLC | $95,000 | n/a | 0.0% | |
| Connexus Credit Union | $95,000 | n/a | 0.0% | |
| AuburnBank | $85,000 | n/a | 0.0% | |
| NexBank | $845,000 | $85,000 | -89.9% | 0.0% |
| LGE COMMUNITY | $75,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $75,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $525,000 | $65,000 | -87.6% | 0.0% |
| Talbot State Bank | $65,000 | n/a | 0.0% | |
| Arvest Bank | $35,000 | n/a | 0.0% | |
| MEMBER ONE | $15,000 | n/a | 0.0% | |
| STATE EMPLOYEES' | $15,000 | n/a | 0.0% |
ROME's top lender by overall market share is United Community Bank, with 6.6% market share. In second place, with 6.0%, is Synovus Bank, having originated $20,240,000 in loans. In third place, with 5.7%, is QUICKEN LOANS, LLC, having originated $19,255,000 in loans. In fourth place, with 5.6%, is HOMESTAR FINANCIAL CORPORATION, having originated $18,760,000 in loans. In fifth place, with 5.1%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $16,965,000 in loans.
ROME, GA 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 |
|---|---|---|---|---|---|---|
| 30103 | Rome, GA MSA | $1,010 | $1,030 | $1,170 | $1,420 | $1,740 |
| 30104 | Rome, GA MSA | $770 | $780 | $1,000 | $1,290 | $1,550 |
| 30105 | Rome, GA MSA | $690 | $690 | $860 | $1,120 | $1,330 |
| 30124 | Rome, GA MSA | $720 | $720 | $950 | $1,240 | $1,480 |
| 30125 | Rome, GA MSA | $660 | $670 | $880 | $1,150 | $1,370 |
| 30129 | Rome, GA MSA | $720 | $730 | $960 | $1,250 | $1,500 |
| 30145 | Rome, GA MSA | $950 | $970 | $1,120 | $1,390 | $1,690 |
| 30147 | Rome, GA MSA | $710 | $710 | $940 | $1,230 | $1,470 |
| 30149 | Rome, GA MSA | $740 | $740 | $980 | $1,280 | $1,530 |
| 30161 | Rome, GA MSA | $680 | $690 | $900 | $1,170 | $1,400 |
| 30162 | Rome, GA MSA | $720 | $730 | $960 | $1,250 | $1,500 |
| 30164 | Rome, GA MSA | $730 | $730 | $960 | $1,250 | $1,500 |
| 30165 | Rome, GA MSA | $740 | $740 | $980 | $1,280 | $1,530 |
| 30172 | Rome, GA MSA | $720 | $730 | $960 | $1,250 | $1,500 |
| 30173 | Rome, GA MSA | $700 | $710 | $930 | $1,210 | $1,450 |
| 30701 | Rome, GA MSA | $640 | $650 | $850 | $1,110 | $1,330 |
| 30733 | Rome, GA MSA | $890 | $900 | $1,180 | $1,540 | $1,840 |
| 30747 | Rome, GA MSA | $670 | $680 | $790 | $1,020 | $1,200 |
2022 Average & Median Rent Data Statistics
ROME, GA average 1BR rent: $756, median: $730
ROME, GA average 2BR rent: $965, median: $960
ROME, GA average 3BR rent: $1,247, median: $1,250
ROME, GA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,091 | $242,485,000 | $222,259 |
| Cash Out Refi | 215 | $36,535,000 | $169,930 |
| Refi | 188 | $39,070,000 | $207,819 |
| Other | 116 | $8,800,000 | $75,862 |
| Home Improvement | 99 | $8,625,000 | $87,121 |
Rome's most frequently cited loan purpose was Home Purchase, with 1,091 originations. The 2nd most popular reason was Cash Out Refi, with 215 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 667 | $143,425,000 | $215,030 |
| 7-8% | 423 | $84,605,000 | $200,012 |
| Over 8% | 243 | $26,285,000 | $108,169 |
| 5-6% | 238 | $54,690,000 | $229,790 |
| <2.5% | 28 | $540,000 | $19,286 |
| 4-5% | 12 | $8,690,000 | $724,167 |
| 2.5-3% | 2 | $400,000 | $200,000 |
| 3-4% | 1 | $75,000 | $75,000 |
During 2023, Rome's most frequently originated rate bucket was 6-7%, with 667 originations.
Loan Sizing (ROME, GA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 618 | $93,400,000 | $151,133 |
| $200k-400k | 616 | $164,170,000 | $266,510 |
| $100,000 or less | 382 | $20,700,000 | $54,188 |
| $400k-600k | 67 | $31,705,000 | $473,209 |
| $600k-1000k | 24 | $16,750,000 | $697,917 |
| $Over $1MM | 2 | $8,790,000 | $4,395,000 |
ROME's loan sizing saw the bucket of loans from $100k-200k with 618 originations, totaling $93,400,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 766 | $186,390,000 | $243,329 |
| 60-80% | 359 | $75,105,000 | $209,206 |
| Under 20% | 173 | $6,985,000 | $40,376 |
| 20-40% | 155 | $14,535,000 | $93,774 |
| 40-60% | 138 | $29,470,000 | $213,551 |
| Over 100% | 20 | $5,340,000 | $267,000 |
ROME's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 766 originations, totaling $186,390,000 in origination value.