Scottsboro Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Scottsboro averaged
6.88%
for the week of 2023-11-30, compared to the national average of
7.22% for the same period.
The average rate for the prior week (2023-11-22) was
6.85% and
one month ago for the week of 2023-10-26, the
average rate was 7.65%.
Scottsboro's average rate one year ago was 6.44%.
For refis of the same type during the week of 2023-11-30, the average rate
was 7.12%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-30 | 7.22% |
Scottsboro 30 Year Fixed Rate | 2023-11-30 | 6.88% |
Scottsboro 30 Year Fixed Rate Refi | 2023-11-30 | 7.12% |
Scottsboro 15 Year Fixed Rate | 2023-11-30 | 6.56% |
Scottsboro 15 Year Fixed Rate Refi | 2023-11-30 | 6.86% |
Scottsboro 30 Year FHA | 2023-11-30 | 6.54% |
Scottsboro 30 Year FHA Refi | 2023-11-30 | 6.75% |
Scottsboro 30 Year USDA | 2023-11-30 | 6.9% |
Scottsboro 30 Year USDA Refi | 2023-11-30 | 7% |
Scottsboro 30 Year VA | 2023-11-30 | 6.97% |
Scottsboro 30 Year VA Refi | 2023-11-30 | 6.57% |
Scottsboro 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 Scottsboro, AL 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.).
Scottsboro Average Closing Costs & Other Stats
Scottsboro, AL's 83 lenders originated 1,063
loans during 2022. The total origination value was $195,545,000, with an average loan value of
$183,956.
Scottsboro's average closing costs are $4,682.
The top Scottsboro lender as defined by loan originations is REDSTONE Federal Credit Union, with
43 loans originated. Their average total fees are
$2,399, which is $4,329
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Scottsboro lenders (with over 10 loans originated) are
REDSTONE Federal Credit Union ($2,399), BancorpSouth ($4,196), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,360), Renasant Bank ($5,766) and CERTAINTY HOME LOANS, LLC ($5,927).
The lowest rate Scottsboro lenders (with over 10 loans originated) are
LOANDEPOT.COM, LLC (4.83%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (5.03%), Renasant Bank (5.04%), QUICKEN LOANS, LLC (5.06%) and BancorpSouth (5.10%).
Scottsboro, AL 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
First Jackson Bank, Inc. | $7,570,000 | $14,160,000 | 87.1% | 7.2% |
BancorpSouth Bank | $10,555,000 | $12,995,000 | 23.1% | 6.6% |
REDSTONE Federal Credit Union | $12,245,000 | $12,655,000 | 3.3% | 6.5% |
CERTAINTY HOME LOANS, LLC | $16,105,000 | $11,135,000 | -30.9% | 5.7% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $7,560,000 | $10,250,000 | 35.6% | 5.2% |
QUICKEN LOANS, LLC | $23,520,000 | $10,175,000 | -56.7% | 5.2% |
ServisFirst Bank | $8,680,000 | n/a | 4.4% | |
LOANDEPOT.COM, LLC | $7,820,000 | $6,950,000 | -11.1% | 3.6% |
Renasant Bank | $12,465,000 | $6,290,000 | -49.5% | 3.2% |
Regions Bank | $11,280,000 | $5,950,000 | -47.3% | 3.0% |
UNITED WHOLESALE MORTGAGE, LLC | $2,345,000 | $5,725,000 | 144.1% | 2.9% |
Mortgage Research Center, LLC | $3,775,000 | $4,200,000 | 11.3% | 2.1% |
Progress Bank and Trust | $1,730,000 | $3,845,000 | 122.3% | 2.0% |
Citizens Bank & Trust, Inc. | $4,870,000 | $3,230,000 | -33.7% | 1.7% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $2,165,000 | $3,085,000 | 42.5% | 1.6% |
South State Bank | $2,460,000 | $3,005,000 | 22.2% | 1.5% |
TJC Mortgage, Inc. | $2,350,000 | $2,980,000 | 26.8% | 1.5% |
FirstBank | $7,510,000 | $2,900,000 | -61.4% | 1.5% |
Citizens Bank & Trust | $1,710,000 | $2,690,000 | 57.3% | 1.4% |
Hometown Lenders, Inc. | $2,760,000 | $2,320,000 | -15.9% | 1.2% |
21ST MORTGAGE CORPORATION | $1,740,000 | $2,240,000 | 28.7% | 1.1% |
MOVEMENT MORTGAGE, LLC | $1,995,000 | $2,070,000 | 3.8% | 1.1% |
Mr. Cooper ( Nationstar Mortgage ) | $1,920,000 | $1,830,000 | -4.7% | 0.9% |
AMERISAVE MORTGAGE CORPORATION | $1,315,000 | $1,725,000 | 31.2% | 0.9% |
Bryant Bank | $1,270,000 | $1,700,000 | 33.9% | 0.9% |
FAMILY SAVINGS | $825,000 | $1,670,000 | 102.4% | 0.9% |
PNC Bank | $585,000 | $1,460,000 | 149.6% | 0.7% |
PENNYMAC LOAN SERVICES, LLC | $3,690,000 | $1,270,000 | -65.6% | 0.6% |
TENNESSEE VALLEY | $1,190,000 | $1,235,000 | 3.8% | 0.6% |
HOME POINT FINANCIAL CORPORATION | $2,115,000 | $1,225,000 | -42.1% | 0.6% |
U.S. Bank | $330,000 | $1,215,000 | 268.2% | 0.6% |
HOMESIDE FINANCIAL, LLC | $915,000 | $1,210,000 | 32.2% | 0.6% |
GMFS LLC | $2,575,000 | $1,035,000 | -59.8% | 0.5% |
CALIBER HOME LOANS, INC. | $1,790,000 | $1,020,000 | -43.0% | 0.5% |
Wells Fargo Bank | $3,565,000 | $995,000 | -72.1% | 0.5% |
Truist | $2,275,000 | $965,000 | -57.6% | 0.5% |
The Federal Savings Bank | $575,000 | $945,000 | 64.3% | 0.5% |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,435,000 | $935,000 | -34.8% | 0.5% |
FIRST COMMUNITY MORTGAGE, INC. | $1,475,000 | $920,000 | -37.6% | 0.5% |
Capitol Federal Savings Bank | $865,000 | n/a | 0.4% | |
PENTAGON FEDERAL CREDIT UNION | $1,015,000 | $855,000 | -15.8% | 0.4% |
Guaranty Bank and Trust Company | $835,000 | n/a | 0.4% | |
THE MORTGAGE FIRM, INC. | $765,000 | n/a | 0.4% | |
NAVY FEDERAL CREDIT UNION | $1,470,000 | $760,000 | -48.3% | 0.4% |
Magnolia Bank | $765,000 | $720,000 | -5.9% | 0.4% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $715,000 | n/a | 0.4% | |
FREEDOM MORTGAGE CORPORATION | $6,745,000 | $710,000 | -89.5% | 0.4% |
NEW DAY FINANCIAL, LLC | $1,935,000 | $705,000 | -63.6% | 0.4% |
BETTER MORTGAGE CORPORATION | $340,000 | $690,000 | 102.9% | 0.4% |
CHURCHILL MORTGAGE CORPORATION | $665,000 | $680,000 | 2.3% | 0.3% |
First Federal Bank, A FSB | $385,000 | $670,000 | 74.0% | 0.3% |
CSL Financial, LLC | $55,000 | $650,000 | 1,081.8% | 0.3% |
Total Media Management, LLC | $685,000 | $635,000 | -7.3% | 0.3% |
BNC National Bank | $625,000 | n/a | 0.3% | |
BROKER SOLUTIONS, INC. | $2,690,000 | $625,000 | -76.8% | 0.3% |
PREMIA MORTGAGE, LLC | $770,000 | $610,000 | -20.8% | 0.3% |
Bank Independent | $1,165,000 | $590,000 | -49.4% | 0.3% |
DAS Acquisition Company, LLC | $1,630,000 | $580,000 | -64.4% | 0.3% |
AMERICAN INTERNET MORTGAGE, INC. | $570,000 | n/a | 0.3% | |
GUARANTEED RATE AFFINITY, LLC | $565,000 | n/a | 0.3% | |
Ameris Bank | $560,000 | n/a | 0.3% | |
NEWREZ LLC | $1,225,000 | $550,000 | -55.1% | 0.3% |
EMBRACE HOME LOANS, INC. | $545,000 | n/a | 0.3% | |
HOMESTAR FINANCIAL CORPORATION | $525,000 | n/a | 0.3% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $525,000 | n/a | 0.3% | |
Pinnacle Bank | $2,200,000 | $525,000 | -76.1% | 0.3% |
First Horizon Bank | $245,000 | $520,000 | 112.2% | 0.3% |
SUMMIT FUNDING, INC. | $95,000 | $520,000 | 447.4% | 0.3% |
Bank of America | $1,360,000 | $515,000 | -62.1% | 0.3% |
The Central Trust Bank | $685,000 | $510,000 | -25.5% | 0.3% |
FINANCE OF AMERICA MORTGAGE LLC | $340,000 | $500,000 | 47.1% | 0.3% |
First Bank | $465,000 | n/a | 0.2% | |
GUARANTY HOME MORTGAGE CORPORATION | $335,000 | $450,000 | 34.3% | 0.2% |
USAA Federal Savings Bank | $860,000 | $450,000 | -47.7% | 0.2% |
Carrington Mortgage Services, LLC | $200,000 | $445,000 | 122.5% | 0.2% |
Gateway First Bank | $155,000 | $440,000 | 183.9% | 0.2% |
First National Bank of Pulaski | $395,000 | $415,000 | 5.1% | 0.2% |
Hamilton Mortgage Corporation | $435,000 | $415,000 | -4.6% | 0.2% |
Synovus Bank | $845,000 | $415,000 | -50.9% | 0.2% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $255,000 | $405,000 | 58.8% | 0.2% |
Family Security Credit Union | $405,000 | n/a | 0.2% | |
STOCKTON MORTGAGE CORPORATION | $405,000 | n/a | 0.2% | |
GUILD MORTGAGE COMPANY | $310,000 | $380,000 | 22.6% | 0.2% |
Nations Lending Corporation | $720,000 | $365,000 | -49.3% | 0.2% |
NORTHROP GRUMMAN Federal Credit Union | $355,000 | n/a | 0.2% | |
Mid-Continent Funding, Inc. | $345,000 | n/a | 0.2% | |
CROSSCOUNTRY MORTGAGE, LLC | $350,000 | $340,000 | -2.9% | 0.2% |
First South Farm Credit, ACA | $335,000 | n/a | 0.2% | |
DOMINION FINANCIAL SERVICES, LLC | $325,000 | n/a | 0.2% | |
Listerhill Credit Union | $320,000 | n/a | 0.2% | |
Stifel Bank and Trust | $465,000 | $320,000 | -31.2% | 0.2% |
Citizens Tri-County Bank | $725,000 | $310,000 | -57.2% | 0.2% |
JPMorgan Chase Bank | $520,000 | $305,000 | -41.3% | 0.2% |
NBKC BANK | $545,000 | $305,000 | -44.0% | 0.2% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $495,000 | $300,000 | -39.4% | 0.2% |
CB&S Bank, Inc. | $1,325,000 | $295,000 | -77.7% | 0.2% |
Goldwater Bank, N.A. | $290,000 | n/a | 0.1% | |
EVERETT FINANCIAL, INC. | $265,000 | n/a | 0.1% | |
GENEVA FINANCIAL, LLC | $145,000 | $255,000 | 75.9% | 0.1% |
HOMESTEAD FUNDING CORP. | $255,000 | n/a | 0.1% | |
Northpointe Bank | $255,000 | n/a | 0.1% | |
LAKEVIEW LOAN SERVICING, LLC | $2,025,000 | $250,000 | -87.7% | 0.1% |
Bank of England | $125,000 | $230,000 | 84.0% | 0.1% |
MORTGAGE INVESTORS GROUP, INC. | $1,235,000 | $230,000 | -81.4% | 0.1% |
ACOPIA, LLC | $220,000 | n/a | 0.1% | |
AMERIFIRST FINANCIAL CORPORATION | $175,000 | $215,000 | 22.9% | 0.1% |
Flagstar Bank, FSB | $260,000 | $215,000 | -17.3% | 0.1% |
TRIAD FINANCIAL SERVICES, INC. | $425,000 | $210,000 | -50.6% | 0.1% |
Independent Bank | $205,000 | n/a | 0.1% | |
SIRVA MORTGAGE, INC. | $205,000 | n/a | 0.1% | |
COUNTRYPLACE MORTGAGE, LTD. | $185,000 | n/a | 0.1% | |
SPRING EQ, LLC | $55,000 | $185,000 | 236.4% | 0.1% |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $165,000 | n/a | 0.1% | |
AMERICAN FINANCIAL RESOURCES, INC. | $200,000 | $155,000 | -22.5% | 0.1% |
First Guaranty Mortgage Corporation | $550,000 | $155,000 | -71.8% | 0.1% |
First Home Bank | $225,000 | $155,000 | -31.1% | 0.1% |
Simply Bank | $155,000 | n/a | 0.1% | |
SOUTHPOINT FINANCIAL SERVICES, INC. | $155,000 | n/a | 0.1% | |
Colten Mortgage, LLC | $135,000 | n/a | 0.1% | |
MIDFLORIDA | $135,000 | n/a | 0.1% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $105,000 | $135,000 | 28.6% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $350,000 | $130,000 | -62.9% | 0.1% |
Leader Bank | $125,000 | n/a | 0.1% | |
Low VA Rates, LLC | $125,000 | n/a | 0.1% | |
OPEN MORTGAGE, LLC | $125,000 | n/a | 0.1% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $340,000 | $125,000 | -63.2% | 0.1% |
AVADIAN | $2,680,000 | $115,000 | -95.7% | 0.1% |
ZILLOW HOME LOANS, LLC | $355,000 | $115,000 | -67.6% | 0.1% |
Trustmark National Bank | $1,905,000 | $105,000 | -94.5% | 0.1% |
Citizens Bank | $320,000 | $95,000 | -70.3% | 0.0% |
THRIVENT Federal Credit Union | $95,000 | n/a | 0.0% | |
Discover Bank | $85,000 | $75,000 | -11.8% | 0.0% |
MAX Credit Union | $75,000 | n/a | 0.0% | |
Figure Lending LLC | $55,000 | n/a | 0.0% | |
ALABAMA CREDIT UNION | $45,000 | n/a | 0.0% | |
First Volunteer Bank | $225,000 | $45,000 | -80.0% | 0.0% |
EvaBank | $135,000 | $25,000 | -81.5% | 0.0% |
Scottsboro's top lender by overall market share is First Jackson Bank, Inc., with 7.2% market share. In second place, with 6.6%, is BancorpSouth Bank, having originated $12,995,000 in loans. In third place, with 6.5%, is REDSTONE Federal Credit Union, having originated $12,655,000 in loans. In fourth place, with 5.7%, is CERTAINTY HOME LOANS, LLC, having originated $11,135,000 in loans. In fifth place, with 5.2%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $10,250,000 in loans.
Scottsboro Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Scottsboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $169,900 (-0.3%) | $228,091 (-2.2%) | 0.00 | 192 |
2018-02-01 | $168,675 (-6.2%) | $232,795 (-0.4%) | 0.00 | 189 |
2018-03-01 | $169,900 (-9.6%) | $254,270 (6.2%) | 0.00 | 184 |
2018-04-01 | $178,975 (-8.2%) | $264,346 (7.7%) | 0.00 | 190 |
2018-05-01 | $189,900 (-4.8%) | $272,479 (11.4%) | 0.00 | 182 |
2018-06-01 | $189,900 (0.4%) | $278,958 (18.1%) | 0.00 | 199 |
2018-07-01 | $188,400 (-0.8%) | $265,608 (12.4%) | 0.00 | 192 |
2018-08-01 | $181,100 (0.8%) | $254,658 (9.9%) | 0.00 | 192 |
2018-09-01 | $185,950 (6.3%) | $257,826 (13.2%) | 0.00 | 195 |
2018-10-01 | $181,400 (6.8%) | $248,750 (10.5%) | 0.00 | 201 |
2018-11-01 | $176,150 (3.7%) | $249,471 (12.1%) | 0.00 | 188 |
2018-12-01 | $167,000 (-1.7%) | $245,595 (7.4%) | 0.00 | 173 |
2019-01-01 | $167,975 (-1.1%) | $245,961 (7.8%) | 0.00 | 167 |
2019-02-01 | $165,900 (-1.7%) | $255,565 (9.8%) | 0.00 | 166 |
2019-03-01 | $167,014 (-1.7%) | $264,911 (4.2%) | 0.00 | 158 |
2019-04-01 | $169,900 (-5.1%) | $273,107 (3.3%) | 0.00 | 161 |
2019-05-01 | $176,400 (-7.1%) | $276,961 (1.6%) | 0.00 | 164 |
2019-06-01 | $179,900 (-5.3%) | $279,796 (0.3%) | 0.00 | 171 |
2019-07-01 | $181,150 (-3.9%) | $282,656 (6.4%) | 0.00 | 167 |
2019-08-01 | $188,018 (3.8%) | $286,033 (12.3%) | 0.00 | 154 |
2019-09-01 | $196,445 (5.6%) | $289,358 (12.2%) | 0.00 | 158 |
2019-10-01 | $206,450 (13.8%) | $295,120 (18.6%) | 0.00 | 160 |
2019-11-01 | $199,900 (13.5%) | $298,686 (19.7%) | 0.00 | 159 |
2019-12-01 | $189,900 (13.7%) | $299,242 (21.8%) | 0.00 | 152 |
2020-01-01 | $183,600 (9.3%) | $304,503 (23.8%) | 0.00 | 145 |
2020-02-01 | $188,450 (13.6%) | $298,548 (16.8%) | 0.00 | 133 |
2020-03-01 | $194,675 (16.6%) | $308,559 (16.5%) | 0.00 | 131 |
2020-04-01 | $204,900 (20.6%) | $310,918 (13.9%) | 0.00 | 120 |
2020-05-01 | $224,900 (27.5%) | $320,141 (15.6%) | 0.00 | 110 |
2020-06-01 | $224,950 (25.0%) | $318,711 (13.9%) | 0.00 | 101 |
2020-07-01 | $222,450 (22.8%) | $327,254 (15.8%) | 0.00 | 102 |
2020-08-01 | $275,500 (46.5%) | $370,799 (29.6%) | 0.00 | 88 |
2020-09-01 | $247,675 (26.1%) | $348,674 (20.5%) | 0.00 | 85 |
2020-10-01 | $239,900 (16.2%) | $338,804 (14.8%) | 0.00 | 86 |
2020-11-01 | $239,900 (20.0%) | $347,091 (16.2%) | 0.00 | 83 |
2020-12-01 | $205,875 (8.4%) | $327,202 (9.3%) | 0.00 | 81 |
2021-01-01 | $209,450 (14.1%) | $316,684 (4.0%) | 0.00 | 72 |
2021-02-01 | $209,950 (11.4%) | $337,207 (13.0%) | 0.00 | 63 |
2021-03-01 | $209,900 (7.8%) | $312,938 (1.4%) | 0.00 | 59 |
2021-04-01 | $199,900 (-2.4%) | $315,378 (1.4%) | 0.00 | 51 |
2021-05-01 | $194,450 (-13.5%) | $334,448 (4.5%) | 0.00 | 51 |
2021-06-01 | $202,500 (-10.0%) | $327,366 (2.7%) | 0.00 | 67 |
2021-07-01 | $279,900 (25.8%) | $371,952 (13.7%) | 0.00 | 71 |
2021-08-01 | $299,125 (8.6%) | $373,679 (0.8%) | 0.00 | 73 |
2021-09-01 | $253,699 (2.4%) | $346,098 (-0.7%) | 0.00 | 75 |
2021-10-01 | $232,000 (-3.3%) | $379,693 (12.1%) | 0.00 | 81 |
2021-11-01 | $262,900 (9.6%) | $459,586 (32.4%) | 0.00 | 76 |
2021-12-01 | $254,925 (23.8%) | $451,069 (37.9%) | 0.00 | 81 |
2022-01-01 | $271,700 (29.7%) | $496,097 (56.7%) | 0.00 | 58 |
2022-02-01 | $284,900 (35.7%) | $542,622 (60.9%) | 0.00 | 58 |
2022-03-01 | $339,450 (61.7%) | $593,785 (89.8%) | 0.00 | 58 |
2022-04-01 | $289,250 (44.7%) | $534,874 (69.6%) | 0.00 | 56 |
2022-05-01 | $282,000 (45.0%) | $409,656 (22.5%) | 0.00 | 62 |
2022-06-01 | $272,725 (34.7%) | $352,329 (7.6%) | 0.00 | 80 |
2022-07-01 | $285,000 (1.8%) | $380,650 (2.3%) | 0.00 | 81 |
2022-08-01 | $257,450 (-13.9%) | $373,717 (0.0%) | 0.00 | 93 |
2022-09-01 | $272,450 (7.4%) | $393,415 (13.7%) | 0.00 | 100 |
2022-10-01 | $295,000 (27.2%) | $416,824 (9.8%) | 0.00 | 105 |
2022-11-01 | $278,300 (5.9%) | $393,287 (-14.4%) | 0.00 | 111 |
2022-12-01 | $269,000 (5.5%) | $381,707 (-15.4%) | 0.00 | 99 |
2023-01-01 | $273,350 (0.6%) | $373,035 (-24.8%) | 0.00 | 86 |
2023-02-01 | $289,900 (1.8%) | $392,845 (-27.6%) | 0.00 | 80 |
2023-03-01 | $279,500 (-17.7%) | $395,158 (-33.5%) | 0.00 | 80 |
2023-04-01 | $274,900 (-5.0%) | $370,460 (-30.7%) | 0.00 | 75 |
2023-05-01 | $273,500 (-3.0%) | $385,851 (-5.8%) | 0.00 | 74 |
2023-06-01 | $264,913 (-2.9%) | $379,099 (7.6%) | 0.00 | 77 |
2023-07-01 | $299,800 (5.2%) | $422,823 (11.1%) | 0.00 | 93 |
2023-08-01 | $276,725 (7.5%) | $395,176 (5.7%) | 0.00 | 103 |
2023-09-01 | $287,400 (5.5%) | $401,562 (2.1%) | 0.00 | 101 |
2023-10-01 | $289,500 (-1.9%) | $398,898 (-4.3%) | 0.00 | 105 |
2023-11-01 | $298,725 (7.3%) | $387,960 (-1.4%) | 0.00 | 104 |
Scottsboro's median listing price comes in at 0% of the national average.
Scottsboro's average listing price for 2023-11-01 was $387,960, a difference of $-5,327 (-1.4%) versus the prior year and $-10,938 versus the prior month.
For the 2023-11-01 period, Scottsboro had 104 MLS listings, a difference of -1 listings (-1%) versus the prior month and -7 listings (-6%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Scottsboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,979 sqft |
2018-02-01 | 0 days | 1,942 sqft |
2018-03-01 | 0 days | 2,034 sqft |
2018-04-01 | 0 days | 2,050 sqft |
2018-05-01 | 0 days | 2,095 sqft |
2018-06-01 | 0 days | 2,200 sqft |
2018-07-01 | 0 days | 2,084 sqft |
2018-08-01 | 0 days | 2,048 sqft |
2018-09-01 | 0 days | 2,083 sqft |
2018-10-01 | 0 days | 2,025 sqft |
2018-11-01 | 0 days | 2,059 sqft |
2018-12-01 | 0 days | 2,000 sqft |
2019-01-01 | 0 days | 1,991 sqft |
2019-02-01 | 0 days | 1,943 sqft |
2019-03-01 | 0 days | 1,958 sqft |
2019-04-01 | 0 days | 1,995 sqft |
2019-05-01 | 0 days | 1,983 sqft |
2019-06-01 | 0 days | 1,974 sqft |
2019-07-01 | 0 days | 1,935 sqft |
2019-08-01 | 0 days | 2,013 sqft |
2019-09-01 | 0 days | 2,107 sqft |
2019-10-01 | 0 days | 2,185 sqft |
2019-11-01 | 0 days | 2,100 sqft |
2019-12-01 | 0 days | 2,059 sqft |
2020-01-01 | 0 days | 2,050 sqft |
2020-02-01 | 0 days | 2,077 sqft |
2020-03-01 | 0 days | 2,087 sqft |
2020-04-01 | 0 days | 2,093 sqft |
2020-05-01 | 0 days | 2,126 sqft |
2020-06-01 | 0 days | 2,094 sqft |
2020-07-01 | 0 days | 2,100 sqft |
2020-08-01 | 0 days | 2,203 sqft |
2020-09-01 | 0 days | 2,214 sqft |
2020-10-01 | 0 days | 2,214 sqft |
2020-11-01 | 0 days | 2,214 sqft |
2020-12-01 | 0 days | 2,085 sqft |
2021-01-01 | 0 days | 1,867 sqft |
2021-02-01 | 0 days | 2,096 sqft |
2021-03-01 | 0 days | 2,058 sqft |
2021-04-01 | 0 days | 2,100 sqft |
2021-05-01 | 0 days | 2,096 sqft |
2021-06-01 | 0 days | 2,000 sqft |
2021-07-01 | 0 days | 2,016 sqft |
2021-08-01 | 0 days | 2,228 sqft |
2021-09-01 | 0 days | 2,029 sqft |
2021-10-01 | 0 days | 2,043 sqft |
2021-11-01 | 0 days | 2,187 sqft |
2021-12-01 | 0 days | 2,142 sqft |
2022-01-01 | 0 days | 2,200 sqft |
2022-02-01 | 0 days | 2,225 sqft |
2022-03-01 | 0 days | 2,175 sqft |
2022-04-01 | 0 days | 2,029 sqft |
2022-05-01 | 0 days | 2,146 sqft |
2022-06-01 | 0 days | 2,050 sqft |
2022-07-01 | 0 days | 2,117 sqft |
2022-08-01 | 0 days | 2,107 sqft |
2022-09-01 | 0 days | 2,076 sqft |
2022-10-01 | 0 days | 2,163 sqft |
2022-11-01 | 0 days | 2,051 sqft |
2022-12-01 | 0 days | 1,905 sqft |
2023-01-01 | 0 days | 2,051 sqft |
2023-02-01 | 0 days | 2,093 sqft |
2023-03-01 | 0 days | 2,053 sqft |
2023-04-01 | 0 days | 2,016 sqft |
2023-05-01 | 0 days | 2,071 sqft |
2023-06-01 | 0 days | 2,074 sqft |
2023-07-01 | 0 days | 2,095 sqft |
2023-08-01 | 0 days | 1,956 sqft |
2023-09-01 | 0 days | 1,934 sqft |
2023-10-01 | 0 days | 1,904 sqft |
2023-11-01 | 0 days | 1,906 sqft |
Scottsboro's median square footage for active listings during the 2023-11-01 period was 1,906 sqft. One year prior, the average listing was 2,051 sqft.
Scottsboro, AL Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 531 | $113,675,000 | $214,077 |
Refi | 208 | $40,460,000 | $194,519 |
Cash Out Refi | 152 | $26,360,000 | $173,421 |
Other | 97 | $8,245,000 | $85,000 |
Home Improvement | 75 | $6,805,000 | $90,733 |
Scottsboro's most frequently cited loan purpose was Home Purchase, with 531 originations. The 2nd most popular reason was Refi, with 208 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 228 | $45,040,000 | $197,544 |
3-4% | 218 | $50,400,000 | $231,193 |
4-5% | 201 | $38,685,000 | $192,463 |
6-7% | 108 | $14,830,000 | $137,315 |
7-8% | 57 | $8,095,000 | $142,018 |
2.5-3% | 54 | $11,920,000 | $220,741 |
Over 8% | 32 | $2,870,000 | $89,688 |
<2.5% | 14 | $2,520,000 | $180,000 |
During 2022, Scottsboro's most frequently originated rate bucket was 5-6%, with 228 originations.
Loan Sizing (Scottsboro, AL MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 412 | $59,120,000 | $143,495 |
$100,000 or less | 339 | $19,795,000 | $58,392 |
$200k-400k | 240 | $64,310,000 | $267,958 |
$400k-600k | 48 | $22,400,000 | $466,667 |
$600k-1000k | 18 | $13,810,000 | $767,222 |
$Over $1MM | 6 | $16,110,000 | $2,685,000 |
Scottsboro's loan sizing saw the bucket of loans from $100k-200k with 412 originations, totaling $59,120,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 386 | $80,440,000 | $208,394 |
60-80% | 217 | $47,865,000 | $220,576 |
40-60% | 114 | $26,340,000 | $231,053 |
20-40% | 98 | $9,240,000 | $94,286 |
Under 20% | 68 | $3,570,000 | $52,500 |
Over 100% | 20 | $5,310,000 | $265,500 |
Scottsboro's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 386 originations, totaling $80,440,000 in origination value.