Shelby Mortgage Rates

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

30 Year Fixed Rate mortgages in Shelby averaged 5.94% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6.25% and one month ago for the week of 2022-05-26, the average rate was 5.64%.

Shelby's average rate one year ago was 3.43%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.9%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Shelby 30 Year Fixed Rate 2022-06-30 5.94%
Shelby 30 Year Fixed Rate Refi 2022-06-30 5.9%
Shelby 15 Year Fixed Rate 2022-06-30 5.27%
Shelby 15 Year Fixed Rate Refi 2022-06-30 4.98%
Shelby 30 Year FHA 2022-06-30 6%
Shelby 30 Year FHA Refi 2022-06-30 5.47%
Shelby 30 Year USDA 2022-06-30 5.51%
Shelby 30 Year USDA Refi 2022-06-30 5.88%
Shelby 30 Year VA 2022-06-30 5.62%
Shelby 30 Year VA Refi 2022-06-30 5.29%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
STATE EMPLOYEES' 153 3.29% $3,626
QUICKEN LOANS, LLC 131 3.17% $4,761
MOVEMENT MORTGAGE, LLC 85 3.20% $3,648
HOMESTAR FINANCIAL CORPORATION 62 3.23% $3,784
LOANDEPOT.COM, LLC 50 3.19% $3,843
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 49 3.55% $5,053
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 43 3.30% $3,739
HomeTrust Bank 42 2.93% $3,134
Truist Bank 37 3.00% $3,320
The Fidelity Bank 34 3.14% $3,398
Wells Fargo Bank 34 3.10% $3,779
SHARONVIEW FEDERAL CREDIT UNION 30 3.17% $2,275
LOCAL GOVERNMENT FEDERAL CREDIT UNION 27 3.30% $3,730
Blue Ridge Bank 26 3.18% $6,659
UNITED WHOLESALE MORTGAGE, LLC 22 3.17% $4,458
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 17 3.27% $3,734
Fifth Third Bank 15 3.40% $3,124
AMERISAVE MORTGAGE CORPORATION 15 3.09% $5,408
American Security Mortgage Corp. 14 3.04% $3,294
BETTER MORTGAGE CORPORATION 13 2.92% $3,752
Truliant Federal Credit Union 12 3.42% $3,088
Mr. Cooper ( Nationstar Mortgage ) 10 3.40% $4,187
Wyndham Capital Mortgage, Inc. 10 3.11% $2,593
Bank of America 10 2.39% $4,033
Allen Tate Mortgage Partners, LLC 10 3.23% $3,123
CROSSCOUNTRY MORTGAGE, LLC 9 3.32% $5,343
First-Citizens Bank & Trust Company 8 3.19% $3,273
CAPITAL CENTER, L.L.C. 8 3.03% $1,392
NAVY FEDERAL CREDIT UNION 7 3.41% $3,109
HOMESIDE FINANCIAL, LLC 7 3.25% $3,137
PENNYMAC LOAN SERVICES, LLC 7 3.14% $4,646
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 3.14% $4,322
GoPrime Mortgage, Inc. 6 3.33% $3,132
BROKER SOLUTIONS, INC. 6 3.50% $3,819
Alcova Mortgage LLC 5 3.15% $2,630
TOWNE MORTGAGE COMPANY 5 2.98% $8,757
JPMorgan Chase Bank 5 3.20% $2,299
GUARANTEED RATE, INC. 5 3.50% $3,400
Mortgage Research Center, LLC 4 3.03% $3,816
South State Bank 4 2.78% $6,701
ROYAL UNITED MORTGAGE LLC 4 3.34% $6,040
NEWREZ LLC 4 3.03% $3,459
GUILD MORTGAGE COMPANY 4 3.34% $3,768
Renasant Bank 4 3.19% $4,171
Uwharrie Bank 4 3.09% $2,604
CALIBER HOME LOANS, INC. 4 2.99% $3,799
Nations Lending Corporation 4 3.53% $5,898
FOUNDERS FEDERAL CREDIT UNION 3 4.63% $3,346
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 3.08% $3,545
HOME POINT FINANCIAL CORPORATION 3 3.04% $2,447
ARC HOME LLC 3 3.21% $4,775
AMERICAN FINANCING CORPORATION 3 3.46% $5,533
NFM, INC. 3 3.13% $5,162
PNC Bank 3 3.08% $3,944
First Federal Bank 3 3.25% $3,135
ZILLOW HOME LOANS, LLC 3 3.08% $3,677
AMERIFIRST FINANCIAL CORPORATION 3 3.21% $3,369
ANGEL OAK HOME LOANS LLC 3 5.00% $4,181
MUTUAL OF OMAHA MORTGAGE, INC. 2 3.31% $1,713
Citizens Bank 2 3.25% $4,014
Northpointe Bank 2 3.38% $3,858
CORNERSTONE HOME LENDING, INC. 2 3.31% $3,465
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 3.49% $4,579
Platinum Home Mortgage Corporation 2 3.19% $3,202
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.94% $4,939
Discover Bank 2 5.24% $0
RELIANCE FIRST CAPITAL, LLC 2 2.88% $5,514
RESIDENTIAL MORTGAGE SERVICES, INC. 2 3.19% $3,457
SOFI LENDING CORP. 2 2.69% $3,273
SUCCESS MORTGAGE PARTNERS, INC. 2 3.06% $3,182
FINANCE OF AMERICA MORTGAGE LLC 2 2.81% $2,400
SUN WEST MORTGAGE COMPANY, INC. 2 2.75% $2,367
TJC Mortgage, Inc. 2 2.88% $2,064
First Federal Bank of the Midwest 2 2.88% $4,675
Bank OZK 2 3.83% $4,231
Wolfe Financial, Inc 2 3.06% $12,360
Flagstar Bank, FSB 2 3.25% $5,394
FREEDOM MORTGAGE CORPORATION 2 4.00% $4,433
George Mason Mortgage, LLC 2 2.88% $3,087
INTERCOASTAL MORTGAGE COMPANY 2 3.13% $11,487
InterContinental Capital Group, Inc 2 3.00% $6,746
KELLER MORTGAGE, LLC 2 3.31% $2,229
AmeriHome Mortgage Company, LLC 2 3.38% $3,304
Carrington Mortgage Services, LLC 2 3.19% $3,712
LOANPAL, LLC 2 3.49% $4,371
CERTAINTY HOME LOANS, LLC 2 3.13% $4,650
C & F Mortgage Corporation 2 3.13% $3,267
Hometown Lenders, Inc. 1 3.50% $4,657
AMERICAN FINANCIAL RESOURCES, INC. 1 2.99% $4,613
American National Bank and Trust Company 1 3.13% $3,177
Ameris Bank 1 4.50% $6,596
Atlantic Home Loans, Inc. 1 3.00% $3,445
Austin Capital Bank SSB 1 3.63% $8,003
Axos Bank 1 3.63% $1,893
Baxter Credit Union 1 3.00% $2,108
CAROLINAS TELCO FEDERAL CREDIT UNION 1 3.25% $2,364
Carter Bank & Trust 1 4.00% $14
CMG MORTGAGE, INC. 1 3.50% $4,066
COASTAL Federal Credit Union 1 3.00% $2,953
Colten Mortgage, LLC 1 3.00% $2,780
Countybank 1 2.75% $3,025
DEEPHAVEN MORTGAGE LLC 1 6.13% $3,687
Evolve Bank & Trust 1 4.00% $3,594
Farm Credit Mid-America, ACA 1 3.25% $8,241
FirstBank 1 2.75% $2,600
FIRST COMMUNITY MORTGAGE, INC. 1 3.88% $3,235
First Horizon Bank 1 3.63% $3,347
First Mortgage Solutions, LLC 1 2.75% $3,570
First National Bank of Omaha 1 2.88% $3,240
First Reliance Bank 1 2.88% $2,849
F & M BANK CORP. 1 3.25% $2,901
GMFS LLC 1 3.00% $2,793
HANCOCK MORTGAGE PARTNERS, LLC 1 3.25% $3,996
AgFirst Farm Credit Bank 1 2.63% $9,016
LENDERFI, INC. 1 3.25% $1,609
LENOX FINANCIAL MORTGAGE CORPORATION 1 3.25% $8,173
Liberty Savings Bank, F.S.B. 1 3.00% $2,887
MCLEAN MORTGAGE CORPORATION 1 3.25% $2,426
MID AMERICA MORTGAGE, INC. 1 2.75% $1,676
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.63% $3,470
NBKC BANK 1 2.75% $5,934
PANORAMA MORTGAGE GROUP, LLC 1 3.13% $3,716
Peoples Bank 1 2.99% $2,845
PHH Mortgage Corporation 1 2.75% $5,055
PLANET HOME LENDING, LLC 1 3.75% $1,684
PLAZA HOME MORTGAGE, INC. 1 3.13% $2,938
Prime Choice Funding Inc. 1 3.50% $4,649
RAPID MORTGAGE COMPANY 1 3.50% $7,514
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.13% $0
RUOFF MORTGAGE COMPANY, INC. 1 2.75% $1,512
Southern First Bank 1 2.88% $3,302
SPRING EQ, LLC 1 2.50% $0
SUMMIT FUNDING, INC. 1 2.88% $3,621
T2 FINANCIAL LLC 1 3.50% $5,679
Texana Bank 1 2.88% $12,735
TOP FLITE FINANCIAL, INC. 1 3.38% $7,144
UNITED 1 3.13% $2,533
U.S. Bank 1 3.13% $2,285
Watermark Capital, Inc. 1 2.88% $3,524

Shelby, NC's 139 lenders originated 3,571 loans during 2021. The total origination value was $635,415,000, with an average loan value of $177,938.

The top Shelby lender as defined by loan originations is STATE EMPLOYEES', with 153 loans originated. Their average total fees are $3,626, which is $1,134 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Shelby lenders (with over 10 loans originated) are SHARONVIEW FEDERAL CREDIT UNION ($2,275), Wyndham Capital Mortgage, Inc. ($2,593), Truliant Federal Credit Union ($3,088), Allen Tate Mortgage Partners, LLC ($3,123) and Fifth Third Bank ($3,124).

The lowest rate Shelby lenders (with over 10 loans originated) are Bank of America (2.39%), BETTER MORTGAGE CORPORATION (2.92%), HomeTrust Bank (2.93%), Truist Bank (3.00%) and American Security Mortgage Corp. (3.04%).

Shelby, NC Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
STATE EMPLOYEES' $36,690,000 $56,875,000 55.0% 9.0%
QUICKEN LOANS, LLC $40,645,000 $55,660,000 36.9% 8.8%
HOMESTAR FINANCIAL CORPORATION $47,535,000 $46,465,000 -2.3% 7.3%
MOVEMENT MORTGAGE, LLC $20,080,000 $39,800,000 98.2% 6.3%
LOANDEPOT.COM, LLC $15,750,000 $32,500,000 106.3% 5.1%
Wells Fargo Bank $10,115,000 $22,130,000 118.8% 3.5%
HomeTrust Bank $17,255,000 $20,035,000 16.1% 3.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $3,275,000 $19,470,000 494.5% 3.1%
Truist Bank $13,765,000 $19,375,000 40.8% 3.0%
The Fidelity Bank $18,255,000 $18,525,000 1.5% 2.9%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $13,725,000 $14,530,000 5.9% 2.3%
Truliant Federal Credit Union $8,175,000 $11,970,000 46.4% 1.9%
FREEDOM MORTGAGE CORPORATION $10,745,000 $11,855,000 10.3% 1.9%
SHARONVIEW FEDERAL CREDIT UNION $11,260,000 $11,330,000 0.6% 1.8%
LOCAL GOVERNMENT FEDERAL CREDIT UNION $6,025,000 $10,575,000 75.5% 1.7%
VANDERBILT MORTGAGE AND FINANCE, INC. $8,350,000 $8,760,000 4.9% 1.4%
Blue Ridge Bank $250,000 $8,695,000 3,378.0% 1.4%
UNITED WHOLESALE MORTGAGE, LLC $4,420,000 $8,365,000 89.3% 1.3%
AgFirst Farm Credit Bank $11,370,000 $8,065,000 -29.1% 1.3%
Fifth Third Bank $5,420,000 $7,385,000 36.3% 1.2%
Mortgage Research Center, LLC $5,620,000 $6,970,000 24.0% 1.1%
NAVY FEDERAL CREDIT UNION $2,145,000 $5,945,000 177.2% 0.9%
PENNYMAC LOAN SERVICES, LLC $4,220,000 $5,900,000 39.8% 0.9%
Mr. Cooper ( Nationstar Mortgage ) $3,600,000 $5,840,000 62.2% 0.9%
AMERISAVE MORTGAGE CORPORATION $2,710,000 $5,820,000 114.8% 0.9%
American Security Mortgage Corp. $2,735,000 $5,605,000 104.9% 0.9%
CROSSCOUNTRY MORTGAGE, LLC $1,685,000 $5,405,000 220.8% 0.9%
PNC Bank $3,855,000 $5,060,000 31.3% 0.8%
Bank OZK $3,070,000 $5,015,000 63.4% 0.8%
BETTER MORTGAGE CORPORATION $1,450,000 $4,925,000 239.7% 0.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,480,000 $4,875,000 40.1% 0.8%
United Bank $405,000 $4,200,000 937.0% 0.7%
Bank of America $1,615,000 $3,360,000 108.0% 0.5%
Wyndham Capital Mortgage, Inc. $1,100,000 $3,190,000 190.0% 0.5%
First-Citizens Bank & Trust Company $1,455,000 $3,010,000 106.9% 0.5%
Allen Tate Mortgage Partners, LLC $6,605,000 $2,895,000 -56.2% 0.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,090,000 $2,885,000 164.7% 0.5%
CALIBER HOME LOANS, INC. $2,265,000 $2,780,000 22.7% 0.4%
INTERCOASTAL MORTGAGE COMPANY $500,000 $2,655,000 431.0% 0.4%
NEWREZ LLC $2,310,000 $2,340,000 1.3% 0.4%
LAKEVIEW LOAN SERVICING, LLC $2,195,000 $2,270,000 3.4% 0.4%
BROKER SOLUTIONS, INC. $1,995,000 $2,220,000 11.3% 0.3%
LIMA ONE CAPITAL, LLC $2,150,000 n/a 0.3%
GUILD MORTGAGE COMPANY $775,000 $2,100,000 171.0% 0.3%
Carolina Farm Credit, ACA $2,370,000 $2,080,000 -12.2% 0.3%
GoPrime Mortgage, Inc. $790,000 $2,070,000 162.0% 0.3%
SUN WEST MORTGAGE COMPANY, INC. $1,580,000 $2,055,000 30.1% 0.3%
CAPITAL CENTER, L.L.C. $2,035,000 n/a 0.3%
Alcova Mortgage LLC $765,000 $1,955,000 155.6% 0.3%
Uwharrie Bank $1,635,000 $1,910,000 16.8% 0.3%
RELIANCE FIRST CAPITAL, LLC $1,405,000 $1,720,000 22.4% 0.3%
VILLAGE CAPITAL & INVESTMENT LLC $1,400,000 $1,710,000 22.1% 0.3%
Nations Lending Corporation $1,240,000 $1,660,000 33.9% 0.3%
AMERICAN FINANCIAL RESOURCES, INC. $1,690,000 $1,640,000 -3.0% 0.3%
First Federal Bank $1,125,000 $1,620,000 44.0% 0.3%
HOME POINT FINANCIAL CORPORATION $240,000 $1,590,000 562.5% 0.3%
USAA Federal Savings Bank $1,995,000 $1,575,000 -21.1% 0.2%
HOMESIDE FINANCIAL, LLC $1,490,000 $1,570,000 5.4% 0.2%
NFM, INC. $1,125,000 $1,540,000 36.9% 0.2%
TOWNE MORTGAGE COMPANY $835,000 $1,540,000 84.4% 0.2%
Carrington Mortgage Services, LLC $2,110,000 $1,450,000 -31.3% 0.2%
Colten Mortgage, LLC $630,000 $1,425,000 126.2% 0.2%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $435,000 $1,380,000 217.2% 0.2%
South State Bank $485,000 $1,360,000 180.4% 0.2%
NEW DAY FINANCIAL, LLC $960,000 $1,345,000 40.1% 0.2%
Carolina Bank & Trust $1,255,000 n/a 0.2%
Flagstar Bank, FSB $1,220,000 $1,215,000 -0.4% 0.2%
InterContinental Capital Group, Inc $745,000 $1,215,000 63.1% 0.2%
PLANET HOME LENDING, LLC $1,215,000 n/a 0.2%
JPMorgan Chase Bank $1,530,000 $1,200,000 -21.6% 0.2%
U.S. Bank $2,200,000 $1,155,000 -47.5% 0.2%
Renasant Bank $1,730,000 $1,125,000 -35.0% 0.2%
PHH Mortgage Corporation $1,120,000 n/a 0.2%
Wolfe Financial, Inc $255,000 $1,090,000 327.5% 0.2%
C & F Mortgage Corporation $1,960,000 $1,070,000 -45.4% 0.2%
GUARANTEED RATE, INC. $1,135,000 $1,065,000 -6.2% 0.2%
ROYAL UNITED MORTGAGE LLC $700,000 $1,060,000 51.4% 0.2%
PENTAGON FEDERAL CREDIT UNION $385,000 $1,045,000 171.4% 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $755,000 $1,035,000 37.1% 0.2%
CERTAINTY HOME LOANS, LLC $365,000 $1,030,000 182.2% 0.2%
ORIX REAL ESTATE CAPITAL, LLC $3,755,000 $1,005,000 -73.2% 0.2%
Mid-Continent Funding, Inc. $145,000 $1,000,000 589.7% 0.2%
1ST SIGNATURE LENDING, LLC $975,000 n/a 0.2%
Ameris Bank $145,000 $965,000 565.5% 0.2%
LENDINGONE, LLC $65,000 $960,000 1,376.9% 0.2%
AMERIFIRST FINANCIAL CORPORATION $940,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $755,000 $925,000 22.5% 0.1%
ANGEL OAK HOME LOANS LLC $290,000 $920,000 217.2% 0.1%
CLEARPATH LENDING $340,000 $905,000 166.2% 0.1%
COUNTRYPLACE MORTGAGE, LTD. $525,000 $905,000 72.4% 0.1%
FOUNDERS FEDERAL CREDIT UNION $340,000 $890,000 161.8% 0.1%
Farm Credit Mid-America, ACA $875,000 n/a 0.1%
FINANCE OF AMERICA MORTGAGE LLC $340,000 $855,000 151.5% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $1,625,000 $800,000 -50.8% 0.1%
First Federal Bank of the Midwest $790,000 n/a 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $115,000 $760,000 560.9% 0.1%
Prime Choice Funding Inc. $365,000 $695,000 90.4% 0.1%
RAPID MORTGAGE COMPANY $255,000 $690,000 170.6% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $795,000 $675,000 -15.1% 0.1%
Carter Bank & Trust $390,000 $670,000 71.8% 0.1%
BNC National Bank $760,000 $665,000 -12.5% 0.1%
AMERICAN FINANCING CORPORATION $215,000 $645,000 200.0% 0.1%
LOANPAL, LLC $615,000 n/a 0.1%
SPRING EQ, LLC $90,000 $615,000 583.3% 0.1%
Northpointe Bank $1,035,000 $600,000 -42.0% 0.1%
CORNERSTONE HOME LENDING, INC. $635,000 $595,000 -6.3% 0.1%
SOFI LENDING CORP. $345,000 $590,000 71.0% 0.1%
TJC Mortgage, Inc. $560,000 $590,000 5.4% 0.1%
AmeriHome Mortgage Company, LLC $905,000 $580,000 -35.9% 0.1%
First Guaranty Mortgage Corporation $2,090,000 $575,000 -72.5% 0.1%
COASTAL Federal Credit Union $565,000 n/a 0.1%
EQUITY RESOURCES, INC. $495,000 $565,000 14.1% 0.1%
ARC HOME LLC $555,000 n/a 0.1%
American National Bank and Trust Company $155,000 $550,000 254.8% 0.1%
George Mason Mortgage, LLC $330,000 $550,000 66.7% 0.1%
Lakeview Community Capital, LLC $550,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $430,000 $545,000 26.7% 0.1%
First National Bank of Omaha $545,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $925,000 $535,000 -42.2% 0.1%
Watermark Capital, Inc. $875,000 $530,000 -39.4% 0.1%
Low VA Rates, LLC $245,000 $525,000 114.3% 0.1%
Citizens Bank $505,000 n/a 0.1%
Coastal Carolina National Bank $225,000 $505,000 124.4% 0.1%
ZILLOW HOME LOANS, LLC $490,000 $495,000 1.0% 0.1%
First Horizon Bank $270,000 $480,000 77.8% 0.1%
RESIDENTIAL MORTGAGE SERVICES, INC. $865,000 $475,000 -45.1% 0.1%
First Mortgage Solutions, LLC $445,000 n/a 0.1%
NBKC BANK $445,000 n/a 0.1%
CHARLOTTE METRO FEDERAL CREDIT UNION $340,000 $425,000 25.0% 0.1%
KELLER MORTGAGE, LLC $245,000 $410,000 67.3% 0.1%
Magnolia Bank $675,000 $400,000 -40.7% 0.1%
SUMMIT FUNDING, INC. $1,170,000 $400,000 -65.8% 0.1%
CHURCHILL MORTGAGE CORPORATION $105,000 $395,000 276.2% 0.1%
TOP FLITE FINANCIAL, INC. $380,000 n/a 0.1%
T2 FINANCIAL LLC $105,000 $360,000 242.9% 0.1%
Texana Bank $145,000 $355,000 144.8% 0.1%
COMMUNITYAMERICA $335,000 n/a 0.1%
FirstBank $335,000 n/a 0.1%
Towne Bank $255,000 $335,000 31.4% 0.1%
Belmont Savings Bank, SSB $750,000 $325,000 -56.7% 0.1%
Sandy Spring Bank $325,000 n/a 0.1%
S. C. TELCO $325,000 n/a 0.1%
Discover Bank $120,000 $320,000 166.7% 0.1%
GENEVA FINANCIAL, LLC $135,000 $320,000 137.0% 0.1%
Southern First Bank $780,000 $315,000 -59.6% 0.0%
Manufacturers and Traders Trust Company $115,000 $305,000 165.2% 0.0%
Mortgage Assurance Inc. $305,000 n/a 0.0%
Skyline National Bank $305,000 n/a 0.0%
Countybank $300,000 n/a 0.0%
CAROLINAS TELCO FEDERAL CREDIT UNION $545,000 $290,000 -46.8% 0.0%
First Reliance Bank $75,000 $290,000 286.7% 0.0%
LENDINGHOME FUNDING CORPORATION $115,000 $290,000 152.2% 0.0%
MILEND, INC. $245,000 $285,000 16.3% 0.0%
SECURITYNATIONAL MORTGAGE COMPANY $295,000 $275,000 -6.8% 0.0%
SELF-HELP Credit Union $185,000 $270,000 45.9% 0.0%
Shamrock Home Loans, Inc. $270,000 n/a 0.0%
EVANSVILLE TEACHERS $265,000 n/a 0.0%
IMPAC MORTGAGE CORP. $265,000 n/a 0.0%
MID AMERICA MORTGAGE, INC. $340,000 $260,000 -23.5% 0.0%
United Community Bank $265,000 $260,000 -1.9% 0.0%
Hometown Lenders, Inc. $255,000 n/a 0.0%
MORIA DEVELOPMENT, INC. $115,000 $245,000 113.0% 0.0%
Baxter Credit Union $240,000 n/a 0.0%
DEEPHAVEN MORTGAGE LLC $235,000 n/a 0.0%
GSF Mortgage Corporation $520,000 $235,000 -54.8% 0.0%
INTERLINC MORTGAGE SERVICES, LLC $235,000 n/a 0.0%
Liberty Savings Bank, F.S.B. $235,000 n/a 0.0%
Third Federal Savings and Loan Association of Cleveland $510,000 $235,000 -53.9% 0.0%
ROUNDPOINT MORTGAGE SERVICING CORPORATION $1,150,000 $225,000 -80.4% 0.0%
Peoples Bank $125,000 $220,000 76.0% 0.0%
Atlantic Home Loans, Inc. $215,000 n/a 0.0%
F & M BANK CORP. $215,000 n/a 0.0%
PARSONS Federal Credit Union $215,000 n/a 0.0%
Corporate Investors Mortgage Group, Inc. $205,000 n/a 0.0%
HAMILTON HOME LOANS, INC. $205,000 n/a 0.0%
MCLEAN MORTGAGE CORPORATION $805,000 $205,000 -74.5% 0.0%
MLD MORTGAGE INC. $205,000 n/a 0.0%
Platinum Home Mortgage Corporation $1,085,000 $200,000 -81.6% 0.0%
Austin Capital Bank SSB $195,000 n/a 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $185,000 n/a 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $185,000 n/a 0.0%
Bank of England $185,000 n/a 0.0%
Regions Bank $680,000 $175,000 -74.3% 0.0%
CMG MORTGAGE, INC. $165,000 n/a 0.0%
Dollar Bank, Federal Savings Bank $165,000 n/a 0.0%
ENVOY MORTGAGE, LTD $1,325,000 $165,000 -87.5% 0.0%
FIRST COMMUNITY MORTGAGE, INC. $165,000 n/a 0.0%
LENOX FINANCIAL MORTGAGE CORPORATION $165,000 n/a 0.0%
PANORAMA MORTGAGE GROUP, LLC $165,000 n/a 0.0%
Plains Commerce Bank $165,000 n/a 0.0%
TIAA, FSB $165,000 n/a 0.0%
ACOPIA, LLC $155,000 n/a 0.0%
HANCOCK MORTGAGE PARTNERS, LLC $155,000 n/a 0.0%
REVERSE MORTGAGE FUNDING LLC $330,000 $155,000 -53.0% 0.0%
SHELTER HOME MORTGAGE, LLC $155,000 n/a 0.0%
Aurora Financial, LLC $145,000 n/a 0.0%
Axos Bank $145,000 n/a 0.0%
CIVIC FINANCIAL SERVICES, LLC $145,000 n/a 0.0%
DOMINION FINANCIAL SERVICES, LLC $145,000 n/a 0.0%
GUARANTEED RATE AFFINITY, LLC $835,000 $145,000 -82.6% 0.0%
Paramount Residential Mortgage Group, Inc. $705,000 $145,000 -79.4% 0.0%
STEARNS LENDING, LLC $205,000 $145,000 -29.3% 0.0%
ALLEGACY FEDERAL CREDIT UNION $450,000 $135,000 -70.0% 0.0%
EVERETT FINANCIAL, INC. $275,000 $135,000 -50.9% 0.0%
LENDERFI, INC. $135,000 n/a 0.0%
BAYSHORE MORTGAGE FUNDING, LLC $125,000 n/a 0.0%
CONTOUR MORTGAGE CORPORATION $125,000 $125,000 0.0% 0.0%
INTERCAP LENDING INC. $125,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $125,000 n/a 0.0%
MEMBER ADVANTAGE MORTGAGE, LLC $125,000 n/a 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $125,000 $115,000 -8.0% 0.0%
PLAZA HOME MORTGAGE, INC. $115,000 n/a 0.0%
RUOFF MORTGAGE COMPANY, INC. $225,000 $115,000 -48.9% 0.0%
AMERICAN ADVISORS GROUP $430,000 $110,000 -74.4% 0.0%
21ST MORTGAGE CORPORATION $170,000 $105,000 -38.2% 0.0%
First National Bank of Pennsylvania $780,000 $105,000 -86.5% 0.0%
Grow Financial Federal Credit Union $65,000 $105,000 61.5% 0.0%
MORTGAGE INVESTORS GROUP, INC. $185,000 $105,000 -43.2% 0.0%
Figure Lending LLC $25,000 $100,000 300.0% 0.0%
Assurance Financial Group, L.L.C. $95,000 n/a 0.0%
Evolve Bank & Trust $95,000 n/a 0.0%
Gateway First Bank $290,000 $95,000 -67.2% 0.0%
GMFS LLC $95,000 n/a 0.0%
QUORUM FEDERAL CREDIT UNION $95,000 n/a 0.0%
FINANCE OF AMERICA COMMERCIAL LLC $85,000 n/a 0.0%
UNITED $65,000 n/a 0.0%
TD Bank $25,000 $45,000 80.0% 0.0%

Shelby's top lender by overall market share is STATE EMPLOYEES', with 9.0% market share. In second place, with 8.8%, is QUICKEN LOANS, LLC, having originated $55,660,000 in loans. In third place, with 7.3%, is HOMESTAR FINANCIAL CORPORATION, having originated $46,465,000 in loans. In third place, with 6.3%, is MOVEMENT MORTGAGE, LLC, having originated $39,800,000 in loans. In third place, with 5.1%, is LOANDEPOT.COM, LLC, having originated $32,500,000 in loans.


Shelby, NC Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,449 $294,925,000 $203,537
Refi 1,178 $200,640,000 $170,323
Cash Out Refi 648 $113,690,000 $175,448
Home Improvement 158 $14,080,000 $89,114
Other 138 $12,080,000 $87,536

Shelby's most frequently cited loan purpose was Home Purchase, with 1,449 originations. The 2nd most popular reason was Refi, with 1,178 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 1,526 $272,040,000 $178,270
2.5-3% 1,238 $221,290,000 $178,748
<2.5% 461 $92,555,000 $200,770
4-5% 221 $31,785,000 $143,824
Over 8% 41 $4,685,000 $114,268
5-6% 36 $4,410,000 $122,500
6-7% 22 $4,590,000 $208,636
7-8% 15 $1,765,000 $117,667

During 2021, Shelby's most frequently originated rate bucket was 3-4%, with 1,526 originations.

Loan Sizing (Shelby, NC MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 1,637 $240,985,000 $147,211
$200k-400k 1,016 $267,170,000 $262,963
$100,000 or less 794 $52,710,000 $66,385
$400k-600k 101 $46,785,000 $463,218
$600k-1000k 14 $9,990,000 $713,571
$Over $1MM 9 $17,775,000 $1,975,000

Shelby's loan sizing saw the bucket of loans from $100k-200k with 1,637 originations, totaling $240,985,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,431 $290,935,000 $203,309
60-80% 1,072 $214,370,000 $199,972
40-60% 508 $72,450,000 $142,618
20-40% 263 $21,985,000 $83,593
Under 20% 154 $5,480,000 $35,584
Over 100% 56 $13,240,000 $236,429

Shelby's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,431 originations, totaling $290,935,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Shelby (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $144,745 (1.7%) $194,282 (1.1%) 0.00 344
2018-02-01 $171,945 (22.9%) $208,886 (7.2%) 0.00 327
2018-03-01 $179,900 (27.2%) $215,011 (7.1%) 0.00 301
2018-04-01 $185,250 (32.4%) $221,142 (6.8%) 0.00 296
2018-05-01 $182,400 (30.3%) $235,762 (13.3%) 0.00 327
2018-06-01 $176,990 (26.5%) $233,840 (17.0%) 0.00 343
2018-07-01 $180,950 (30.2%) $236,753 (23.3%) 0.00 345
2018-08-01 $182,870 (31.1%) $240,317 (21.8%) 0.00 348
2018-09-01 $183,740 (32.2%) $238,487 (22.6%) 0.00 343
2018-10-01 $186,000 (33.8%) $244,327 (27.4%) 0.00 326
2018-11-01 $189,945 (33.6%) $254,115 (31.0%) 0.00 325
2018-12-01 $188,000 (32.9%) $253,296 (32.5%) 0.00 294
2019-01-01 $207,450 (43.3%) $264,451 (36.1%) 0.00 272
2019-02-01 $215,000 (25.0%) $267,766 (28.2%) 0.00 258
2019-03-01 $210,657 (17.1%) $264,899 (23.2%) 0.00 236
2019-04-01 $202,500 (9.3%) $260,582 (17.8%) 0.00 224
2019-05-01 $219,900 (20.6%) $278,788 (18.3%) 0.00 221
2019-06-01 $219,900 (24.2%) $291,859 (24.8%) 0.00 220
2019-07-01 $212,400 (17.4%) $298,150 (25.9%) 0.00 216
2019-08-01 $205,571 (12.4%) $291,990 (21.5%) 0.00 216
2019-09-01 $199,650 (8.7%) $283,743 (19.0%) 0.00 214
2019-10-01 $185,950 (0.0%) $267,565 (9.5%) 0.00 250
2019-11-01 $190,000 (0.0%) $271,052 (6.7%) 0.00 235
2019-12-01 $202,000 (7.5%) $273,764 (8.1%) 0.00 220
2020-01-01 $198,950 (-4.1%) $266,429 (0.8%) 0.00 207
2020-02-01 $199,900 (-7.0%) $281,911 (5.3%) 0.00 196
2020-03-01 $217,900 (3.4%) $280,647 (5.9%) 0.00 154
2020-04-01 $218,950 (8.1%) $263,974 (1.3%) 0.00 123
2020-05-01 $220,900 (0.5%) $260,683 (-6.5%) 0.00 129
2020-06-01 $218,000 (-0.9%) $252,903 (-13.4%) 0.00 103
2020-07-01 $214,900 (1.2%) $276,314 (-7.3%) 0.00 89
2020-08-01 $213,900 (4.1%) $276,190 (-5.4%) 0.00 77
2020-09-01 $222,900 (11.7%) $307,295 (8.3%) 0.00 84
2020-10-01 $230,000 (23.7%) $311,722 (16.5%) 0.00 89
2020-11-01 $205,000 (7.9%) $282,363 (4.2%) 0.00 90
2020-12-01 $182,400 (-9.7%) $249,351 (-8.9%) 0.00 92
2021-01-01 $215,000 (8.1%) $258,460 (-3.0%) 0.00 93
2021-02-01 $207,500 (3.8%) $255,511 (-9.4%) 0.00 89
2021-03-01 $238,900 (9.6%) $278,858 (-0.6%) 0.00 69
2021-04-01 $207,450 (-5.3%) $259,387 (-1.7%) 0.00 70
2021-05-01 $204,200 (-7.6%) $311,933 (19.7%) 0.00 59
2021-06-01 $233,400 (7.1%) $325,803 (28.8%) 0.00 59
2021-07-01 $224,950 (4.7%) $299,369 (8.3%) 0.00 77
2021-08-01 $229,950 (7.5%) $323,254 (17.0%) 0.00 101
2021-09-01 $225,000 (0.9%) $329,404 (7.2%) 0.00 105
2021-10-01 $259,900 (13.0%) $346,241 (11.1%) 0.00 110
2021-11-01 $239,900 (17.0%) $366,542 (29.8%) 0.00 134
2021-12-01 $239,000 (31.0%) $379,187 (52.1%) 0.00 126
2022-01-01 $234,900 (9.3%) $402,841 (55.9%) 0.00 100
2022-02-01 $243,750 (17.5%) $391,530 (53.2%) 0.00 78
2022-03-01 $262,000 (9.7%) $402,611 (44.4%) 0.00 68
2022-04-01 $265,000 (27.7%) $400,867 (54.5%) 0.00 67
2022-05-01 $254,900 (24.8%) $364,606 (16.9%) 0.00 89
2022-06-01 $246,500 (5.6%) $366,460 (12.5%) 0.00 124
Shelby's median listing price for 2022-06-01 was $246,500, a difference of $13,100 (5.6%) versus the prior year and $-8,400 versus the prior month.

Shelby's median listing price comes in at 0% of the national average.

Shelby's average listing price for 2022-06-01 was $366,460, a difference of $40,657 (12.5%) versus the prior year and $1,854 versus the prior month.

For the 2022-06-01 period, Shelby had 124 MLS listings, a difference of 35 listings (39%) versus the prior month and 65 listings (110%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Shelby (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,805 sqft
2018-02-01 0 days 1,861 sqft
2018-03-01 0 days 1,900 sqft
2018-04-01 0 days 1,900 sqft
2018-05-01 0 days 1,971 sqft
2018-06-01 0 days 1,896 sqft
2018-07-01 0 days 1,964 sqft
2018-08-01 0 days 1,982 sqft
2018-09-01 0 days 1,977 sqft
2018-10-01 0 days 1,964 sqft
2018-11-01 0 days 2,016 sqft
2018-12-01 0 days 1,977 sqft
2019-01-01 0 days 2,043 sqft
2019-02-01 0 days 2,050 sqft
2019-03-01 0 days 2,022 sqft
2019-04-01 0 days 1,984 sqft
2019-05-01 0 days 2,167 sqft
2019-06-01 0 days 2,090 sqft
2019-07-01 0 days 1,972 sqft
2019-08-01 0 days 1,993 sqft
2019-09-01 0 days 1,975 sqft
2019-10-01 0 days 1,935 sqft
2019-11-01 0 days 1,949 sqft
2019-12-01 0 days 2,072 sqft
2020-01-01 0 days 1,975 sqft
2020-02-01 0 days 2,059 sqft
2020-03-01 0 days 1,877 sqft
2020-04-01 0 days 1,800 sqft
2020-05-01 0 days 1,850 sqft
2020-06-01 0 days 1,866 sqft
2020-07-01 0 days 1,816 sqft
2020-08-01 0 days 1,800 sqft
2020-09-01 0 days 1,800 sqft
2020-10-01 0 days 1,800 sqft
2020-11-01 0 days 1,655 sqft
2020-12-01 0 days 1,550 sqft
2021-01-01 0 days 1,583 sqft
2021-02-01 0 days 1,537 sqft
2021-03-01 0 days 1,615 sqft
2021-04-01 0 days 1,590 sqft
2021-05-01 0 days 1,552 sqft
2021-06-01 0 days 1,717 sqft
2021-07-01 0 days 1,705 sqft
2021-08-01 0 days 1,639 sqft
2021-09-01 0 days 1,638 sqft
2021-10-01 0 days 1,789 sqft
2021-11-01 0 days 1,684 sqft
2021-12-01 0 days 1,765 sqft
2022-01-01 0 days 1,789 sqft
2022-02-01 0 days 1,713 sqft
2022-03-01 0 days 1,769 sqft
2022-04-01 0 days 1,752 sqft
2022-05-01 0 days 1,642 sqft
2022-06-01 0 days 1,532 sqft
Shelby's median listing age (time on market) for 2022-06-01 was 0 days.

Shelby's median square footage for active listings during the 2022-06-01 period was 1,532 sqft. One year prior, the average listing was 1,717 sqft.