Shelby Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Shelby averaged 6.59% 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 6.69% and one month ago for the week of 2025-05-29, the average rate was 6.71%.

Shelby's average rate one year ago was 6.78%.

For refis of the same type during the week of 2025-07-03, the average rate was 7.02%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-07-03 6.67%
Shelby 30 Year Fixed Rate 2025-07-03 6.59%
Shelby 30 Year Fixed Rate Refi 2025-07-03 7.02%
Shelby 15 Year Fixed Rate 2025-07-03 5.7%
Shelby 15 Year Fixed Rate Refi 2025-07-03 5.9%
Shelby 30 Year FHA 2025-07-03 -0.19%
Shelby 30 Year FHA Refi 2025-07-03 0.2%
Shelby 30 Year USDA 2025-07-03 -0.2%
Shelby 30 Year USDA Refi 2025-07-03 0.2%
Shelby 30 Year VA 2025-07-03 -0.09%
Shelby 30 Year VA Refi 2025-07-03 -0.2%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Shelby, NC.

Shelby 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 Shelby, 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.).

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
STATE EMPLOYEES' 115 6.29% $4,141
QUICKEN LOANS, LLC 63 6.79% $6,306
UNITED WHOLESALE MORTGAGE, LLC 28 6.66% $6,451
MOVEMENT MORTGAGE, LLC 24 6.94% $6,415
ON Q FINANCIAL, INC. 20 6.65% $5,683
Truist 15 6.82% $4,397
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 7.05% $5,893
LOANDEPOT.COM, LLC 13 6.51% $5,071
HomeTrust Bank 13 6.53% $3,677
The Fidelity Bank 10 6.69% $3,699
Truliant Federal Credit Union 10 6.79% $4,552
CROSSCOUNTRY MORTGAGE, LLC 8 7.18% $7,308
GUARANTEED RATE, INC. 8 6.35% $7,502
VANDERBILT MORTGAGE AND FINANCE, INC. 8 8.25% $7,593
American Security Mortgage Corp. 7 6.77% $4,757
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 7 7.16% $7,187
CHARLOTTE METRO FEDERAL CREDIT UNION 7 6.37% $4,094
UNION HOME MORTGAGE CORP. 6 7.00% $6,022
Bank of America 5 6.05% $4,061
Alcova Mortgage LLC 5 6.32% $3,041
U.S. Bank 5 6.90% $5,130
RELIANCE FIRST CAPITAL, LLC 5 7.12% $8,304
ZILLOW HOME LOANS, LLC 4 6.75% $4,478
GUILD MORTGAGE COMPANY 4 6.84% $5,786
AgFirst Farm Credit Bank 4 6.94% $6,181
Fifth Third Bank 4 6.76% $3,110
JPMorgan Chase Bank 4 6.16% $4,482
First-Citizens Bank & Trust Company 4 7.11% $5,059
Wells Fargo Bank 3 6.50% $5,792
NEWREZ LLC 3 7.04% $5,906
Plains Commerce Bank 3 6.38% $5,901
CMG MORTGAGE, INC. 3 7.00% $6,432
Blue Ridge Bank 3 6.92% $3,743
The Loan Store, Inc. 2 6.69% $6,732
AgSouth Farm Credit, ACA 2 7.90% $603
AMERISAVE MORTGAGE CORPORATION 2 7.25% $6,432
Ameris Bank 2 7.50% $5,608
Bank OZK 2 6.25% $3,682
Barrington Bank & Trust Company, N.A. 2 6.88% $6,990
BETTER MORTGAGE CORPORATION 2 6.50% $6,220
CARDINAL FINANCIAL 2 6.69% $6,816
C & F Mortgage Corporation 2 6.69% $3,591
DHI MORTGAGE COMPANY, LTD. 2 5.31% $350
First Community Bank 2 6.50% $8,783
First Federal Bank 2 7.00% $5,325
First National Bank of Pennsylvania 2 7.31% $4,153
FOUNDERS FEDERAL CREDIT UNION 2 7.00% $2,679
GoPrime Mortgage, Inc. 2 7.50% $8,729
INSPIRE HOME LOANS INC. 2 6.50% $3,207
Integrity Home Mortgage Corp 2 6.56% $6,053
LOCAL GOVERNMENT FEDERAL CREDIT UNION 2 8.33% $4,824
NAVY FEDERAL CREDIT UNION 2 6.75% $7,662
PLANET HOME LENDING, LLC 2 7.44% $8,147
PNC Bank 2 6.88% $4,305
PROVIDENT FUNDING ASSOCIATES, L.P. 2 6.63% $4,105
ROYAL UNITED MORTGAGE LLC 2 7.56% $13,436
South State Bank 2 7.38% $6,199
SUMMIT FUNDING, INC. 2 7.81% $3,219
United Community Bank 2 5.75% $8,556
Uwharrie Bank 2 7.38% $3,462
Ixonia Bank 1 6.63% $6,564
JMAC LENDING, INC. 1 7.13% $5,819
EQUITY RESOURCES, INC. 1 7.13% $3,900
LATINO COMMUNITY CREDIT UNION 1 7.75% $4,486
Leader Bank 1 6.25% $4,400
ENVOY MORTGAGE, LTD 1 6.63% $7,337
Bank of Springfield 1 6.25% $3,337
MEMBER FIRST MORTGAGE, LLC 1 6.63% $5,327
Mortgage Assurance Inc. 1 8.00% $5,212
Mortgage Research Center, LLC 1 5.99% $973
East Coast Capital Corp. 1 5.63% $10,558
Mr. Cooper ( Nationstar Mortgage ) 1 7.13% $7,221
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.99% $5,796
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.49% $7,872
UNITED 1 6.38% $3,227
CONTOUR MORTGAGE CORPORATION 1 6.50% $7,033
NJ LENDERS CORP. 1 6.50% $4,861
Northpointe Bank 1 6.49% $4,071
Commerce Home Mortgage, Inc. 1 7.50% $9,968
PENNYMAC LOAN SERVICES, LLC 1 6.62% $6,958
PHH Mortgage Corporation 1 6.13% $2,405
Pinnacle Bank 1 6.88% $5,941
Citibank 1 6.63% $2,927
United Bank 1 6.88% $3,508
ALLIED MORTGAGE GROUP, INC. 1 6.99% $2,807
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.63% $7,051
Atlantic Coast Mortgage, LLC 1 7.00% $7,598
Charles Schwab Bank, SSB 1 5.13% $4,076
RADIUS FINANCIAL GROUP INC. 1 6.63% $6,613
Century Mortgage Company DBA Century Lending Company 1 6.99% $5,792
Renasant Bank 1 6.63% $7,569
American Mortgage & Equity Consultants, Inc. 1 6.63% $11,254
ALLIANT CREDIT UNION 1 6.38% $3,537
Carrington Mortgage Services, LLC 1 6.50% $5,300
SUCCESS MORTGAGE PARTNERS, INC. 1 7.25% $4,486
AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $2,170
SUN WEST MORTGAGE COMPANY, INC. 1 6.63% $5,416
The Federal Savings Bank 1 7.50% $11,195
BROKER SOLUTIONS, INC. 1 8.13% $8,502
21ST MORTGAGE CORPORATION 1 8.48% $7,036
FORT FINANCIAL Federal Credit Union 1 6.75% $3,976
FOUNDATION MORTGAGE CORPORATION 1 8.25% $8,860
THE MORTGAGE FIRM, INC. 1 7.63% $4,369
FREEDOM MORTGAGE CORPORATION 1 7.25% $7,721
Gate City Bank 1 6.63% $4,203
TOP FLITE FINANCIAL, INC. 1 6.99% $9,036
GUARANTEED RATE AFFINITY, LLC 1 6.85% $4,589
First National Bank of America 1 8.63% $7,582
GUIDANCE RESIDENTIAL, LLC 1 7.63% $5,526
FIRST COMMUNITY MORTGAGE, INC. 1 7.13% $11,523
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.63% $4,429
First Bank 1 6.63% $3,369
BAY EQUITY LLC 1 5.99% $6,260
BANKSOUTH MORTGAGE COMPANY, LLC 1 7.13% $9,045

Shelby Average Closing Costs & Other Stats

Shelby, NC's 114 lenders originated 2,098 loans during 2024. The total origination value was $417,630,000, with an average loan value of $199,061.

Shelby's average closing costs are $5,316.

The top Shelby lender as defined by loan originations is STATE EMPLOYEES', with 115 loans originated. Their average total fees are $4,141, which is $2,165 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Shelby lenders (with over 10 loans originated) are HomeTrust Bank ($3,677), The Fidelity Bank ($3,699), STATE EMPLOYEES' ($4,141), Truist ($4,397) and Truliant Federal Credit Union ($4,552).

The lowest rate Shelby lenders (with over 10 loans originated) are STATE EMPLOYEES' (6.29%), LOANDEPOT.COM, LLC (6.51%), HomeTrust Bank (6.53%), ON Q FINANCIAL, INC. (6.65%) and UNITED WHOLESALE MORTGAGE, LLC (6.66%).

Shelby, 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' $39,075,000 $47,420,000 21.4% 11.4%
QUICKEN LOANS, LLC $21,015,000 $27,820,000 32.4% 6.7%
UNITED WHOLESALE MORTGAGE, LLC $9,995,000 $22,195,000 122.1% 5.3%
Regions Bank $870,000 $20,030,000 2,202.3% 4.8%
LOANDEPOT.COM, LLC $5,330,000 $15,150,000 184.2% 3.6%
MOVEMENT MORTGAGE, LLC $17,655,000 $14,935,000 -15.4% 3.6%
Truliant Federal Credit Union $9,065,000 $11,835,000 30.6% 2.8%
Truist $9,260,000 $10,710,000 15.7% 2.6%
Mortgage Research Center, LLC $6,410,000 $10,225,000 59.5% 2.4%
UNION HOME MORTGAGE CORP. $1,490,000 $9,790,000 557.0% 2.3%
ON Q FINANCIAL, INC. $12,575,000 $8,565,000 -31.9% 2.1%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $11,790,000 $8,495,000 -27.9% 2.0%
The Fidelity Bank $10,410,000 $7,440,000 -28.5% 1.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $7,955,000 $7,360,000 -7.5% 1.8%
AgFirst Farm Credit Bank $5,540,000 $7,275,000 31.3% 1.7%
GUARANTEED RATE, INC. $605,000 $7,175,000 1,086.0% 1.7%
VANDERBILT MORTGAGE AND FINANCE, INC. $7,670,000 $6,385,000 -16.8% 1.5%
HomeTrust Bank $6,260,000 $5,510,000 -12.0% 1.3%
FREEDOM MORTGAGE CORPORATION $875,000 $5,265,000 501.7% 1.3%
AMERICAN FINANCIAL RESOURCES, INC. $640,000 $5,030,000 685.9% 1.2%
CROSSCOUNTRY MORTGAGE, LLC $3,570,000 $5,030,000 40.9% 1.2%
GUILD MORTGAGE COMPANY $1,335,000 $3,915,000 193.3% 0.9%
SHARONVIEW FEDERAL CREDIT UNION $3,740,000 n/a 0.9%
Bank OZK $1,560,000 $3,605,000 131.1% 0.9%
INSPIRE HOME LOANS INC. $1,020,000 $3,410,000 234.3% 0.8%
GREYSTONE SERVICING COMPANY LLC $3,370,000 n/a 0.8%
PENNYMAC LOAN SERVICES, LLC $2,510,000 $3,145,000 25.3% 0.8%
DHI MORTGAGE COMPANY, LTD. $3,105,000 n/a 0.7%
Fifth Third Bank $3,305,000 $2,935,000 -11.2% 0.7%
First National Bank of Pennsylvania $1,700,000 $2,890,000 70.0% 0.7%
MID AMERICA MORTGAGE, INC. $1,020,000 $2,795,000 174.0% 0.7%
American Security Mortgage Corp. $5,800,000 $2,745,000 -52.7% 0.7%
CARDINAL FINANCIAL $2,285,000 $2,600,000 13.8% 0.6%
VILLAGE CAPITAL MORTGAGE $520,000 $2,490,000 378.8% 0.6%
Bank of America $1,620,000 $2,410,000 48.8% 0.6%
BROKER SOLUTIONS, INC. $1,895,000 $2,315,000 22.2% 0.6%
South State Bank $1,355,000 $2,285,000 68.6% 0.5%
CMG MORTGAGE, INC. $480,000 $2,260,000 370.8% 0.5%
Alcova Mortgage LLC $950,000 $2,250,000 136.8% 0.5%
1ST SIGNATURE LENDING, LLC $1,070,000 $2,145,000 100.5% 0.5%
CHARLOTTE METRO FEDERAL CREDIT UNION $2,375,000 $2,130,000 -10.3% 0.5%
SUMMIT FUNDING, INC. $2,040,000 n/a 0.5%
ZILLOW HOME LOANS, LLC $830,000 $2,035,000 145.2% 0.5%
NEW DAY FINANCIAL, LLC $1,180,000 $2,000,000 69.5% 0.5%
United Bank $305,000 $1,990,000 552.5% 0.5%
NEWREZ LLC $1,460,000 $1,955,000 33.9% 0.5%
RELIANCE FIRST CAPITAL, LLC $885,000 $1,900,000 114.7% 0.5%
First Federal Savings Bank of Lincolnton $2,525,000 $1,885,000 -25.3% 0.5%
NAVY FEDERAL CREDIT UNION $4,530,000 $1,860,000 -58.9% 0.4%
LOCAL GOVERNMENT FEDERAL CREDIT UNION $6,750,000 $1,820,000 -73.0% 0.4%
LENDINGHOME FUNDING CORPORATION $1,935,000 $1,795,000 -7.2% 0.4%
U.S. Bank $295,000 $1,760,000 496.6% 0.4%
Plains Commerce Bank $1,095,000 $1,700,000 55.3% 0.4%
First-Citizens Bank & Trust Company $1,790,000 $1,660,000 -7.3% 0.4%
21ST MORTGAGE CORPORATION $395,000 $1,560,000 294.9% 0.4%
AMERISAVE MORTGAGE CORPORATION $1,600,000 $1,525,000 -4.7% 0.4%
LAKEVIEW LOAN SERVICING, LLC $985,000 $1,455,000 47.7% 0.3%
T2 FINANCIAL LLC $440,000 $1,405,000 219.3% 0.3%
Integrity Home Mortgage Corp $155,000 $1,390,000 796.8% 0.3%
Flagstar Bank, FSB $830,000 $1,305,000 57.2% 0.3%
PNC Bank $1,665,000 $1,270,000 -23.7% 0.3%
CLEARPATH LENDING $335,000 $1,180,000 252.2% 0.3%
C & F Mortgage Corporation $1,205,000 $1,135,000 -5.8% 0.3%
Wells Fargo Bank $725,000 $1,130,000 55.9% 0.3%
PLANET HOME LENDING, LLC $860,000 $1,055,000 22.7% 0.3%
The Loan Store, Inc. $105,000 $1,055,000 904.8% 0.3%
Uwharrie Bank $675,000 $1,025,000 51.9% 0.2%
LENDINGONE, LLC $685,000 $965,000 40.9% 0.2%
Carrington Mortgage Services, LLC $725,000 $955,000 31.7% 0.2%
SOUTHWEST STAGE FUNDING, LLC $890,000 $950,000 6.7% 0.2%
Barrington Bank & Trust Company, N.A. $705,000 $930,000 31.9% 0.2%
American Mortgage & Equity Consultants, Inc. $925,000 n/a 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,150,000 $865,000 -24.8% 0.2%
Century Mortgage Company DBA Century Lending Company $275,000 $845,000 207.3% 0.2%
Mortgage Assurance Inc. $835,000 n/a 0.2%
ROYAL UNITED MORTGAGE LLC $415,000 $810,000 95.2% 0.2%
JPMorgan Chase Bank $955,000 $800,000 -16.2% 0.2%
PHH Mortgage Corporation $795,000 n/a 0.2%
Equity Prime Mortgage LLC $680,000 $785,000 15.4% 0.2%
OCMBC, INC. $250,000 $770,000 208.0% 0.2%
SeaTrust Mortgage Company $1,215,000 $765,000 -37.0% 0.2%
FIRST COMMUNITY MORTGAGE, INC. $745,000 n/a 0.2%
The Federal Savings Bank $835,000 $735,000 -12.0% 0.2%
Mr. Cooper ( Nationstar Mortgage ) $2,445,000 $725,000 -70.3% 0.2%
USAA Federal Savings Bank $1,345,000 $725,000 -46.1% 0.2%
Blue Ridge Bank $2,360,000 $715,000 -69.7% 0.2%
First Community Bank $700,000 n/a 0.2%
FOUNDERS FEDERAL CREDIT UNION $1,710,000 $690,000 -59.6% 0.2%
East Coast Capital Corp. $665,000 n/a 0.2%
First Federal Bank $1,960,000 $665,000 -66.1% 0.2%
Atlantic Coast Mortgage, LLC $1,240,000 $660,000 -46.8% 0.2%
Ixonia Bank $660,000 n/a 0.2%
SECURITYNATIONAL MORTGAGE COMPANY $165,000 $640,000 287.9% 0.2%
Ameris Bank $720,000 $620,000 -13.9% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $605,000 n/a 0.1%
United Community Bank $500,000 $600,000 20.0% 0.1%
BANKSOUTH MORTGAGE COMPANY, LLC $590,000 n/a 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $590,000 n/a 0.1%
GoPrime Mortgage, Inc. $1,685,000 $580,000 -65.6% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $805,000 $575,000 -28.6% 0.1%
LATINO COMMUNITY CREDIT UNION $1,050,000 $545,000 -48.1% 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $265,000 $540,000 103.8% 0.1%
Lakeview Community Capital, LLC $165,000 $530,000 221.2% 0.1%
THE MORTGAGE FIRM, INC. $525,000 n/a 0.1%
Discover Bank $455,000 $520,000 14.3% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $225,000 $510,000 126.7% 0.1%
Enterprise Bank of South Carolina $505,000 n/a 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $495,000 n/a 0.1%
ALLIED MORTGAGE GROUP, INC. $315,000 $490,000 55.6% 0.1%
Figure Lending LLC $370,000 $470,000 27.0% 0.1%
MILEND, INC. $440,000 $470,000 6.8% 0.1%
BETTER MORTGAGE CORPORATION $500,000 $460,000 -8.0% 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $595,000 $450,000 -24.4% 0.1%
EQUITY RESOURCES, INC. $445,000 n/a 0.1%
PLAZA HOME MORTGAGE, INC. $130,000 $435,000 234.6% 0.1%
American Airlines Federal Credit Union $125,000 $425,000 240.0% 0.1%
LIMA ONE CAPITAL, LLC $1,195,000 $425,000 -64.4% 0.1%
AgSouth Farm Credit, ACA $420,000 n/a 0.1%
ENVOY MORTGAGE, LTD $420,000 n/a 0.1%
RESIDENTIAL WHOLESALE MORTGAGE, INC. $550,000 $420,000 -23.6% 0.1%
Paramount Residential Mortgage Group, Inc. $400,000 n/a 0.1%
ALLIANT CREDIT UNION $390,000 n/a 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $375,000 n/a 0.1%
Coastal Community Bank $375,000 n/a 0.1%
FBC MORTGAGE, LLC $895,000 $375,000 -58.1% 0.1%
Centennial Bank $365,000 n/a 0.1%
FORT FINANCIAL Federal Credit Union $140,000 $365,000 160.7% 0.1%
Leader Bank $355,000 n/a 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $340,000 n/a 0.1%
Charles Schwab Bank, SSB $335,000 n/a 0.1%
DEEPHAVEN MORTGAGE LLC $330,000 n/a 0.1%
HOWARD HANNA FINANCIAL SERVICES, INC. $710,000 $330,000 -53.5% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $225,000 $330,000 46.7% 0.1%
AmeriHome Mortgage Company, LLC $325,000 n/a 0.1%
CONTOUR MORTGAGE CORPORATION $325,000 n/a 0.1%
MEMBER FIRST MORTGAGE, LLC $325,000 n/a 0.1%
Renasant Bank $325,000 n/a 0.1%
VERITAS FUNDING, LLC $325,000 n/a 0.1%
Credence Funding Corporation $315,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $1,055,000 $315,000 -70.1% 0.1%
UNITED $310,000 n/a 0.1%
TJC Mortgage, Inc. $465,000 $300,000 -35.5% 0.1%
NETWORK CAPITAL FUNDING CORPORATION $235,000 $295,000 25.5% 0.1%
PREMIER LENDING, INC. $440,000 $290,000 -34.1% 0.1%
Magnolia Bank $305,000 $285,000 -6.6% 0.1%
COASTAL Federal Credit Union $705,000 $280,000 -60.3% 0.1%
Loan Simple, Inc. $275,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $190,000 $270,000 42.1% 0.1%
Commerce Home Mortgage, Inc. $265,000 n/a 0.1%
GUARANTEED RATE AFFINITY, LLC $185,000 $265,000 43.2% 0.1%
DOMINION FINANCIAL SERVICES, LLC $445,000 $260,000 -41.6% 0.1%
BAY EQUITY LLC $255,000 n/a 0.1%
Pacific Lending LLC $255,000 n/a 0.1%
RADIUS FINANCIAL GROUP INC. $245,000 n/a 0.1%
M&T Bank $240,000 n/a 0.1%
INTERCOASTAL MORTGAGE COMPANY $235,000 n/a 0.1%
POLARIS HOME FUNDING CORP. $175,000 $235,000 34.3% 0.1%
Texana Bank $235,000 n/a 0.1%
Belmont Savings Bank, SSB $225,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $1,440,000 $220,000 -84.7% 0.1%
Bank of Springfield $215,000 n/a 0.1%
NATIONWIDE MORTGAGE BANKERS, INC. $195,000 $215,000 10.3% 0.1%
Citizens Bank $1,105,000 $210,000 -81.0% 0.1%
FOUNDATION MORTGAGE CORPORATION $205,000 n/a 0.0%
NJ LENDERS CORP. $205,000 n/a 0.0%
CityWorth Mortgage LLC $195,000 n/a 0.0%
First Bank $630,000 $195,000 -69.0% 0.0%
Pinnacle Bank $300,000 $195,000 -35.0% 0.0%
Citadel Servicing Corporation $185,000 n/a 0.0%
TEMPLE VIEW CAPITAL FUNDING, LP $895,000 $185,000 -79.3% 0.0%
Prosperity Home Mortgage, LLC $540,000 $180,000 -66.7% 0.0%
GUIDANCE RESIDENTIAL, LLC $175,000 n/a 0.0%
NFM, INC. $510,000 $165,000 -67.6% 0.0%
A&D Mortgage LLC $145,000 n/a 0.0%
Gate City Bank $145,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $210,000 $145,000 -31.0% 0.0%
First National Bank of America $135,000 n/a 0.0%
Northpointe Bank $1,150,000 $135,000 -88.3% 0.0%
AMERICAN HERITAGE LENDING, INC. $125,000 n/a 0.0%
blueharbor bank $125,000 n/a 0.0%
CAROLINA FOOTHILLS $125,000 n/a 0.0%
Hometown Equity Mortgage, LLC $325,000 $125,000 -61.5% 0.0%
JMAC LENDING, INC. $125,000 n/a 0.0%
RF Renovo Management Company, LLC $145,000 $125,000 -13.8% 0.0%
FINANCE OF AMERICA REVERSE LLC $135,000 $105,000 -22.2% 0.0%
First Bank $630,000 $105,000 -83.3% 0.0%
PENTAGON FEDERAL CREDIT UNION $105,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $195,000 $95,000 -51.3% 0.0%
MidFirst Bank $95,000 n/a 0.0%
SPRING EQ, LLC $90,000 $90,000 0.0% 0.0%
Summit Credit Union $85,000 n/a 0.0%
Citibank $75,000 n/a 0.0%
Peoples Bank $280,000 $45,000 -83.9% 0.0%
Third Federal Savings and Loan Association of Cleveland $75,000 $35,000 -53.3% 0.0%

Shelby's top lender by overall market share is STATE EMPLOYEES', with 11.4% market share. In second place, with 6.7%, is QUICKEN LOANS, LLC, having originated $27,820,000 in loans. In third place, with 5.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $22,195,000 in loans. In fourth place, with 4.8%, is Regions Bank, having originated $20,030,000 in loans. In fifth place, with 3.6%, is LOANDEPOT.COM, LLC, having originated $15,150,000 in loans.

Shelby, NC Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,042 $261,990,000 $251,430
Cash Out Refi 311 $55,465,000 $178,344
Refi 287 $61,615,000 $214,686
Other 231 $20,805,000 $90,065
Home Improvement 227 $17,755,000 $78,216

Shelby's most frequently cited loan purpose was Home Purchase, with 1,042 originations. The 2nd most popular reason was Cash Out Refi, with 311 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 751 $175,705,000 $233,961
7-8% 498 $86,950,000 $174,598
Over 8% 428 $46,900,000 $109,579
5-6% 327 $94,925,000 $290,291
<2.5% 37 $445,000 $12,027
4-5% 34 $8,890,000 $261,471
3-4% 4 $990,000 $247,500

During 2024, Shelby's most frequently originated rate bucket was 6-7%, with 751 originations.

Loan Sizing (Shelby, NC MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 766 $204,860,000 $267,441
$100k-200k 645 $96,845,000 $150,147
$100,000 or less 568 $30,070,000 $52,940
$400k-600k 95 $44,575,000 $469,211
$600k-1000k 16 $11,950,000 $746,875
$Over $1MM 8 $29,330,000 $3,666,250

Shelby's loan sizing saw the bucket of loans from $200k-400k with 766 originations, totaling $204,860,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 843 $219,225,000 $260,053
60-80% 356 $102,410,000 $287,669
20-40% 309 $28,065,000 $90,825
Under 20% 295 $11,565,000 $39,203
40-60% 209 $35,255,000 $168,684
Over 100% 44 $11,200,000 $254,545

Shelby's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 843 originations, totaling $219,225,000 in origination value.