Seneca Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Seneca averaged
6.72%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
6.72% and
one month ago for the week of 2025-05-29, the
average rate was 7.24%.
Seneca's average rate one year ago was 7.21%.
For refis of the same type during the week of 2025-07-03, the average rate
was 6.97%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Seneca 30 Year Fixed Rate | 2025-07-03 | 6.72% |
| Seneca 30 Year Fixed Rate Refi | 2025-07-03 | 6.97% |
| Seneca 15 Year Fixed Rate | 2025-07-03 | 5.9% |
| Seneca 15 Year Fixed Rate Refi | 2025-07-03 | 6.4% |
| Seneca 30 Year FHA | 2025-07-03 | 0.01% |
| Seneca 30 Year FHA Refi | 2025-07-03 | 0% |
| Seneca 30 Year USDA | 2025-07-03 | 0% |
| Seneca 30 Year USDA Refi | 2025-07-03 | 0.1% |
| Seneca 30 Year VA | 2025-07-03 | -0.09% |
| Seneca 30 Year VA Refi | 2025-07-03 | -0.2% |
Seneca 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 Seneca, SC 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.).
Seneca Average Closing Costs & Other Stats
Seneca, SC's 130 lenders originated 1,581
loans during 2024. The total origination value was $499,835,000, with an average loan value of
$316,151.
Seneca's average closing costs are $5,473.
The top Seneca lender as defined by loan originations is QUICKEN LOANS, LLC, with
67 loans originated. Their average total fees are
$6,670, which is $1,309
lower than the next largest lender,
South State Bank.
The lowest fee Seneca lenders (with over 10 loans originated) are
NVR Mortgage Finance, Inc. ($3,170), HOWARD HANNA FINANCIAL SERVICES, INC. ($4,342), JPMorgan Chase Bank ($4,434), First-Citizens Bank & Trust Company ($5,064) and Bank of America ($5,080).
The lowest rate Seneca lenders (with over 10 loans originated) are
First-Citizens Bank & Trust Company (5.95%), NVR Mortgage Finance, Inc. (6.28%), Bank of America (6.44%), Truist (6.49%) and JPMorgan Chase Bank (6.61%).
Seneca, SC 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 |
|---|---|---|---|---|
| South State Bank | $38,830,000 | $47,720,000 | 22.9% | 9.5% |
| QUICKEN LOANS, LLC | $19,785,000 | $27,795,000 | 40.5% | 5.6% |
| First-Citizens Bank & Trust Company | $18,455,000 | $21,975,000 | 19.1% | 4.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $11,125,000 | $20,140,000 | 81.0% | 4.0% |
| UNION HOME MORTGAGE CORP. | $6,325,000 | $12,560,000 | 98.6% | 2.5% |
| BANKSOUTH MORTGAGE COMPANY, LLC | $7,600,000 | $11,515,000 | 51.5% | 2.3% |
| NVR Mortgage Finance, Inc. | $7,225,000 | $11,170,000 | 54.6% | 2.2% |
| Ameris Bank | $5,480,000 | $10,325,000 | 88.4% | 2.1% |
| Charles Schwab Bank, SSB | $3,705,000 | $9,930,000 | 168.0% | 2.0% |
| JPMorgan Chase Bank | $8,520,000 | $9,395,000 | 10.3% | 1.9% |
| Truist | $6,260,000 | $9,130,000 | 45.8% | 1.8% |
| S. C. STATE FEDERAL CREDIT UNION | $8,345,000 | $9,115,000 | 9.2% | 1.8% |
| FBC MORTGAGE, LLC | $6,665,000 | $8,905,000 | 33.6% | 1.8% |
| Bank of America | $14,710,000 | $8,460,000 | -42.5% | 1.7% |
| LENDINGONE, LLC | $8,455,000 | n/a | 1.7% | |
| Mortgage Research Center, LLC | $6,480,000 | $7,210,000 | 11.3% | 1.4% |
| MOVEMENT MORTGAGE, LLC | $4,885,000 | $6,715,000 | 37.5% | 1.3% |
| NAVY FEDERAL CREDIT UNION | $3,575,000 | $6,040,000 | 69.0% | 1.2% |
| Fifth Third Bank | $560,000 | $5,810,000 | 937.5% | 1.2% |
| AgFirst Farm Credit Bank | $3,865,000 | $5,325,000 | 37.8% | 1.1% |
| First National Bank of Pennsylvania | $1,560,000 | $5,260,000 | 237.2% | 1.1% |
| FREEDOM MORTGAGE CORPORATION | $2,075,000 | $4,930,000 | 137.6% | 1.0% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $1,810,000 | $4,735,000 | 161.6% | 0.9% |
| Regions Bank | $1,670,000 | $4,690,000 | 180.8% | 0.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,660,000 | $4,650,000 | 27.0% | 0.9% |
| First Horizon Bank | $905,000 | $4,635,000 | 412.2% | 0.9% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $7,040,000 | $4,515,000 | -35.9% | 0.9% |
| Morgan Stanley Private Bank | $3,295,000 | $4,365,000 | 32.5% | 0.9% |
| Southern First Bank | $4,195,000 | $4,110,000 | -2.0% | 0.8% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $225,000 | $3,805,000 | 1,591.1% | 0.8% |
| Wells Fargo Bank | $3,955,000 | $3,645,000 | -7.8% | 0.7% |
| USAA Federal Savings Bank | $2,200,000 | $3,625,000 | 64.8% | 0.7% |
| FOUNDERS FEDERAL CREDIT UNION | $1,215,000 | $3,525,000 | 190.1% | 0.7% |
| Synovus Bank | $8,255,000 | $3,495,000 | -57.7% | 0.7% |
| GUARANTEED RATE, INC. | $1,690,000 | $3,470,000 | 105.3% | 0.7% |
| NEWREZ LLC | $1,675,000 | $3,370,000 | 101.2% | 0.7% |
| Southern Bank | $3,305,000 | n/a | 0.7% | |
| FIRST COMMUNITY MORTGAGE, INC. | $1,160,000 | $3,250,000 | 180.2% | 0.7% |
| GUILD MORTGAGE COMPANY | $530,000 | $3,175,000 | 499.1% | 0.6% |
| United Community Bank | $4,740,000 | $3,090,000 | -34.8% | 0.6% |
| BancorpSouth | $255,000 | $2,995,000 | 1,074.5% | 0.6% |
| Truliant Federal Credit Union | $6,220,000 | $2,980,000 | -52.1% | 0.6% |
| Countybank | $745,000 | $2,930,000 | 293.3% | 0.6% |
| U.S. Bank | $3,225,000 | $2,745,000 | -14.9% | 0.5% |
| T2 FINANCIAL LLC | $2,735,000 | n/a | 0.5% | |
| ACOPIA, LLC | $2,570,000 | $2,600,000 | 1.2% | 0.5% |
| STATE EMPLOYEES' | $1,280,000 | $2,600,000 | 103.1% | 0.5% |
| GREENVILLE FEDERAL CREDIT UNION | $655,000 | $2,560,000 | 290.8% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $3,060,000 | $2,555,000 | -16.5% | 0.5% |
| First Community Bank | $2,755,000 | $2,535,000 | -8.0% | 0.5% |
| INSPIRE HOME LOANS INC. | $1,215,000 | $2,520,000 | 107.4% | 0.5% |
| 21ST MORTGAGE CORPORATION | $3,095,000 | $2,505,000 | -19.1% | 0.5% |
| The Park National Bank | $2,025,000 | $2,170,000 | 7.2% | 0.4% |
| Alcova Mortgage LLC | $345,000 | $2,150,000 | 523.2% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $7,600,000 | $2,070,000 | -72.8% | 0.4% |
| TD Bank | $8,560,000 | $2,035,000 | -76.2% | 0.4% |
| BROKER SOLUTIONS, INC. | $1,905,000 | $1,820,000 | -4.5% | 0.4% |
| PNC Bank | $2,025,000 | $1,820,000 | -10.1% | 0.4% |
| HOMESIDE FINANCIAL, LLC | $165,000 | $1,815,000 | 1,000.0% | 0.4% |
| First Palmetto Bank | $3,225,000 | $1,775,000 | -45.0% | 0.4% |
| Flagstar Bank, FSB | $560,000 | $1,625,000 | 190.2% | 0.3% |
| PLANET HOME LENDING, LLC | $580,000 | $1,620,000 | 179.3% | 0.3% |
| The Peoples Bank | $305,000 | $1,565,000 | 413.1% | 0.3% |
| RAPID MORTGAGE COMPANY | $435,000 | $1,510,000 | 247.1% | 0.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,490,000 | $1,460,000 | -2.0% | 0.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $535,000 | $1,430,000 | 167.3% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,465,000 | $1,405,000 | -4.1% | 0.3% |
| BankSouth | $4,230,000 | $1,380,000 | -67.4% | 0.3% |
| LENDINGHOME FUNDING CORPORATION | $1,310,000 | $1,365,000 | 4.2% | 0.3% |
| LOANDEPOT.COM, LLC | $1,365,000 | $1,270,000 | -7.0% | 0.3% |
| Presidential Bank, FSB | $1,265,000 | n/a | 0.3% | |
| Coastal Carolina National Bank | $295,000 | $1,225,000 | 315.3% | 0.2% |
| JMAC LENDING, INC. | $1,195,000 | n/a | 0.2% | |
| CARDINAL FINANCIAL | $3,295,000 | $1,180,000 | -64.2% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,440,000 | $1,145,000 | -20.5% | 0.2% |
| CMG MORTGAGE, INC. | $1,680,000 | $1,075,000 | -36.0% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $720,000 | $1,045,000 | 45.1% | 0.2% |
| The Federal Savings Bank | $1,320,000 | $1,035,000 | -21.6% | 0.2% |
| UBS Bank USA | $2,995,000 | $1,030,000 | -65.6% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $1,015,000 | n/a | 0.2% | |
| Florida Capital Bank | $1,005,000 | n/a | 0.2% | |
| Magnolia Bank | $1,005,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $225,000 | $970,000 | 331.1% | 0.2% |
| Citibank | $955,000 | n/a | 0.2% | |
| TOWNE MORTGAGE COMPANY | $1,275,000 | $945,000 | -25.9% | 0.2% |
| Discover Bank | $480,000 | $940,000 | 95.8% | 0.2% |
| NEXERA HOLDING LLC | $195,000 | $925,000 | 374.4% | 0.2% |
| Raymond James Bank | $445,000 | $915,000 | 105.6% | 0.2% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $900,000 | n/a | 0.2% | |
| The Loan Store, Inc. | $890,000 | n/a | 0.2% | |
| Stifel Bank and Trust | $505,000 | $860,000 | 70.3% | 0.2% |
| Citizens Bank | $1,035,000 | $835,000 | -19.3% | 0.2% |
| ARC HOME LLC | $830,000 | n/a | 0.2% | |
| RELIANCE FIRST CAPITAL, LLC | $670,000 | $815,000 | 21.6% | 0.2% |
| 1ST SIGNATURE LENDING, LLC | $655,000 | $805,000 | 22.9% | 0.2% |
| NFM, INC. | $710,000 | $805,000 | 13.4% | 0.2% |
| First Piedmont Federal Savings and Loan Association of Gaffney | $2,335,000 | $790,000 | -66.2% | 0.2% |
| AMERICAN FINANCIAL RESOURCES, INC. | $785,000 | n/a | 0.2% | |
| UNITED | $200,000 | $780,000 | 290.0% | 0.2% |
| LIMA ONE CAPITAL, LLC | $11,275,000 | $770,000 | -93.2% | 0.2% |
| CPM Federal Credit Union | $895,000 | $765,000 | -14.5% | 0.2% |
| Valley National Bank | $765,000 | n/a | 0.2% | |
| COMPASS MORTGAGE, INC. | $155,000 | $755,000 | 387.1% | 0.2% |
| LADERA LENDING, INC. | $755,000 | n/a | 0.2% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $715,000 | $755,000 | 5.6% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $290,000 | $750,000 | 158.6% | 0.2% |
| Northpointe Bank | $860,000 | $740,000 | -14.0% | 0.1% |
| Arvest Bank | $595,000 | $735,000 | 23.5% | 0.1% |
| SOUTHWEST FUNDING, LP | $725,000 | n/a | 0.1% | |
| Stock Yards Bank & Trust Company | $725,000 | n/a | 0.1% | |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $715,000 | n/a | 0.1% | |
| COASTAL Federal Credit Union | $695,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $930,000 | $695,000 | -25.3% | 0.1% |
| Figure Lending LLC | $90,000 | $680,000 | 655.6% | 0.1% |
| Gateway First Bank | $675,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $1,275,000 | $675,000 | -47.1% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $445,000 | $675,000 | 51.7% | 0.1% |
| EMM LOANS LLC | $665,000 | n/a | 0.1% | |
| Bank of Travelers Rest | $1,560,000 | $660,000 | -57.7% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $565,000 | $655,000 | 15.9% | 0.1% |
| GSF Mortgage Corporation | $1,125,000 | $630,000 | -44.0% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,150,000 | $625,000 | -45.7% | 0.1% |
| Summit Mortgage Corporation | $615,000 | n/a | 0.1% | |
| General Mortgage Capital Corporation | $575,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $585,000 | $575,000 | -1.7% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $330,000 | $565,000 | 71.2% | 0.1% |
| Baxter Credit Union | $65,000 | $540,000 | 730.8% | 0.1% |
| Mortgage Assurance Inc. | $205,000 | $540,000 | 163.4% | 0.1% |
| VERITAS FUNDING, LLC | $540,000 | n/a | 0.1% | |
| ALLIED MORTGAGE GROUP, INC. | $530,000 | n/a | 0.1% | |
| DELTA COMMUNITY CREDIT UNION | $275,000 | $530,000 | 92.7% | 0.1% |
| NBKC BANK | $495,000 | $525,000 | 6.1% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $355,000 | $525,000 | 47.9% | 0.1% |
| DELMAR FINANCIAL COMPANY | $185,000 | $515,000 | 178.4% | 0.1% |
| S. C. TELCO | $2,040,000 | $515,000 | -74.8% | 0.1% |
| FIRST INTEGRITY MORTGAGE SERVICES, INC. | $510,000 | n/a | 0.1% | |
| GoPrime Mortgage, Inc. | $505,000 | n/a | 0.1% | |
| BAY EQUITY LLC | $485,000 | n/a | 0.1% | |
| BAY CAPITAL MORTGAGE CORPORATION | $475,000 | n/a | 0.1% | |
| Sound Bank | $470,000 | n/a | 0.1% | |
| FineMark National Bank & Trust | $2,645,000 | $465,000 | -82.4% | 0.1% |
| GEORGIA'S OWN | $465,000 | n/a | 0.1% | |
| Ally Bank | $275,000 | $455,000 | 65.5% | 0.1% |
| AmeriHome Mortgage Company, LLC | $445,000 | n/a | 0.1% | |
| Leader Bank | $445,000 | n/a | 0.1% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $320,000 | $440,000 | 37.5% | 0.1% |
| 1ST 2ND MORTGAGE COMPANY OF N.J., INC. | $435,000 | n/a | 0.1% | |
| LENDSURE MORTGAGE CORP. | $165,000 | $430,000 | 160.6% | 0.1% |
| CREDIT UNION OF GEORGIA | $425,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $405,000 | n/a | 0.1% | |
| Old National Bank | $395,000 | n/a | 0.1% | |
| SAFE FEDERAL CREDIT UNION | $395,000 | n/a | 0.1% | |
| ON Q FINANCIAL, INC. | $14,905,000 | $380,000 | -97.5% | 0.1% |
| American Security Mortgage Corp. | $475,000 | $375,000 | -21.1% | 0.1% |
| EVERETT FINANCIAL, INC. | $285,000 | $365,000 | 28.1% | 0.1% |
| CAROLINA ONE MORTGAGE, LLC | $355,000 | n/a | 0.1% | |
| CIBM Bank | $385,000 | $355,000 | -7.8% | 0.1% |
| Peach State Bank & Trust | $205,000 | $315,000 | 53.7% | 0.1% |
| PHH Mortgage Corporation | $310,000 | n/a | 0.1% | |
| Barley Mortgage, LLC | $305,000 | n/a | 0.1% | |
| MASON MCDUFFIE MORTGAGE CORPORATION | $305,000 | n/a | 0.1% | |
| PREMIER LENDING, INC. | $305,000 | n/a | 0.1% | |
| SOUTH CAROLINA FEDERAL CREDIT UNION | $3,020,000 | $305,000 | -89.9% | 0.1% |
| HOMESTEAD FUNDING CORP. | $205,000 | $295,000 | 43.9% | 0.1% |
| Network Funding, L.P. | $350,000 | $295,000 | -15.7% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $555,000 | $285,000 | -48.6% | 0.1% |
| CANOPY MORTGAGE, LLC | $285,000 | n/a | 0.1% | |
| ALLIANT CREDIT UNION | $275,000 | n/a | 0.1% | |
| CONTOUR MORTGAGE CORPORATION | $275,000 | n/a | 0.1% | |
| DOMINION FINANCIAL SERVICES, LLC | $275,000 | n/a | 0.1% | |
| MAX Credit Union | $275,000 | n/a | 0.1% | |
| Atlantic Coast Mortgage, LLC | $265,000 | n/a | 0.1% | |
| Capital City Home Loans, LLC | $265,000 | n/a | 0.1% | |
| OCMBC, INC. | $265,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $545,000 | $260,000 | -52.3% | 0.1% |
| Blue Ridge Bank | $815,000 | $255,000 | -68.7% | 0.1% |
| South Atlantic Bank | $255,000 | n/a | 0.1% | |
| The Fidelity Bank | $255,000 | n/a | 0.1% | |
| RESIDENTIAL BANCORP | $250,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $355,000 | $235,000 | -33.8% | 0.0% |
| Kwik Mortgage Corporation | $675,000 | $235,000 | -65.2% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $330,000 | $230,000 | -30.3% | 0.0% |
| Renasant Bank | $1,110,000 | $225,000 | -79.7% | 0.0% |
| The Citizens Bank | $225,000 | n/a | 0.0% | |
| Greenville Heritage Federal Credit Union | $215,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $215,000 | n/a | 0.0% | |
| Nations Lending Corporation | $215,000 | n/a | 0.0% | |
| Associated Credit Union | $155,000 | $205,000 | 32.3% | 0.0% |
| DIGITAL Federal Credit Union | $205,000 | n/a | 0.0% | |
| KeyBank | $205,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $200,000 | n/a | 0.0% | |
| DEEPHAVEN MORTGAGE LLC | $195,000 | n/a | 0.0% | |
| TIDEWATER MORTGAGE SERVICES, INC. | $195,000 | n/a | 0.0% | |
| Pinnacle Bank | $55,000 | $190,000 | 245.5% | 0.0% |
| CAPITAL CENTER, L.L.C. | $185,000 | n/a | 0.0% | |
| ENVOY MORTGAGE, LTD | $185,000 | n/a | 0.0% | |
| MILEND, INC. | $185,000 | n/a | 0.0% | |
| MORTGAGE INVESTORS GROUP, INC. | $185,000 | n/a | 0.0% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $185,000 | n/a | 0.0% | |
| DIRECT MORTGAGE LOANS, LLC | $175,000 | n/a | 0.0% | |
| EVANSVILLE TEACHERS | $175,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $175,000 | n/a | 0.0% | |
| Prosperity Home Mortgage, LLC | $985,000 | $175,000 | -82.2% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $240,000 | $165,000 | -31.3% | 0.0% |
| Bethpage Federal Credit Union | $450,000 | $155,000 | -65.6% | 0.0% |
| United Bank | $1,990,000 | $155,000 | -92.2% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $165,000 | $155,000 | -6.1% | 0.0% |
| CONSTRUCTIVE LOANS, LLC | $135,000 | n/a | 0.0% | |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $135,000 | n/a | 0.0% | |
| LATINO COMMUNITY CREDIT UNION | $135,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $160,000 | $135,000 | -15.6% | 0.0% |
| LOANPAL, LLC | $130,000 | n/a | 0.0% | |
| Superior Credit Union, Inc. | $125,000 | n/a | 0.0% | |
| ALL REVERSE MORTGAGE, INC. | $115,000 | n/a | 0.0% | |
| Carolina Bank & Trust | $115,000 | n/a | 0.0% | |
| SHARONVIEW FEDERAL CREDIT UNION | $115,000 | n/a | 0.0% | |
| Elements Financial Federal Credit Union | $105,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $1,490,000 | $105,000 | -93.0% | 0.0% |
| Integrity Home Mortgage Corp | $105,000 | n/a | 0.0% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $105,000 | n/a | 0.0% | |
| Horizon Bank | $205,000 | $80,000 | -61.0% | 0.0% |
| Consolidated Federal Credit Union | $75,000 | n/a | 0.0% | |
| First Reliance Bank | $470,000 | $75,000 | -84.0% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $75,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $65,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $55,000 | n/a | 0.0% | |
| GTE Federal Credit Union | $55,000 | $55,000 | 0.0% | 0.0% |
| ATLANTA POSTAL | $35,000 | n/a | 0.0% |
Seneca's top lender by overall market share is South State Bank, with 9.5% market share. In second place, with 5.6%, is QUICKEN LOANS, LLC, having originated $27,795,000 in loans. In third place, with 4.4%, is First-Citizens Bank & Trust Company, having originated $21,975,000 in loans. In fourth place, with 4.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $20,140,000 in loans. In fifth place, with 2.5%, is UNION HOME MORTGAGE CORP., having originated $12,560,000 in loans.
Seneca, SC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 923 | $343,995,000 | $372,692 |
| Cash Out Refi | 194 | $43,420,000 | $223,814 |
| Refi | 181 | $67,355,000 | $372,127 |
| Home Improvement | 149 | $21,945,000 | $147,282 |
| Other | 134 | $23,120,000 | $172,537 |
Seneca's most frequently cited loan purpose was Home Purchase, with 923 originations. The 2nd most popular reason was Cash Out Refi, with 194 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 561 | $195,665,000 | $348,779 |
| 7-8% | 327 | $110,935,000 | $339,251 |
| 5-6% | 247 | $90,905,000 | $368,036 |
| Over 8% | 238 | $51,660,000 | $217,059 |
| 4-5% | 109 | $18,325,000 | $168,119 |
| <2.5% | 11 | $55,000 | $5,000 |
| 2.5-3% | 2 | $350,000 | $175,000 |
During 2024, Seneca's most frequently originated rate bucket was 6-7%, with 561 originations.
Loan Sizing (Seneca, SC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 576 | $156,590,000 | $271,858 |
| $100k-200k | 426 | $62,830,000 | $147,488 |
| $100,000 or less | 263 | $15,305,000 | $58,194 |
| $400k-600k | 144 | $70,070,000 | $486,597 |
| $600k-1000k | 92 | $70,490,000 | $766,196 |
| $Over $1MM | 80 | $124,550,000 | $1,556,875 |
Seneca's loan sizing saw the bucket of loans from $200k-400k with 576 originations, totaling $156,590,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 540 | $181,700,000 | $336,481 |
| 60-80% | 341 | $150,665,000 | $441,833 |
| 20-40% | 207 | $36,595,000 | $176,787 |
| Under 20% | 189 | $17,015,000 | $90,026 |
| 40-60% | 188 | $66,320,000 | $352,766 |
| Over 100% | 17 | $12,085,000 | $710,882 |
Seneca's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 540 originations, totaling $181,700,000 in origination value.