Shelby Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Shelby averaged
6.66%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.69% and
one month ago for the week of 2024-10-03, the
average rate was 5.99%.
Shelby's average rate one year ago was 7.63%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.83%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Shelby 30 Year Fixed Rate | 2024-11-07 | 6.66% |
| Shelby 30 Year Fixed Rate Refi | 2024-11-07 | 7.83% |
| Shelby 15 Year Fixed Rate | 2024-11-07 | 6% |
| Shelby 15 Year Fixed Rate Refi | 2024-11-07 | 6.3% |
| Shelby 30 Year FHA | 2024-11-07 | 6.43% |
| Shelby 30 Year FHA Refi | 2024-11-07 | 6.33% |
| Shelby 30 Year USDA | 2024-11-07 | 6.58% |
| Shelby 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Shelby 30 Year VA | 2024-11-07 | 6.32% |
| Shelby 30 Year VA Refi | 2024-11-07 | 6.44% |
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.).
Shelby Average Closing Costs & Other Stats
Shelby, NC's 103 lenders originated 1,912
loans during 2023. The total origination value was $340,440,000, with an average loan value of
$178,054.
Shelby's average closing costs are $5,023.
The top Shelby lender as defined by loan originations is STATE EMPLOYEES', with
115 loans originated. Their average total fees are
$4,036, which is $2,193
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Shelby lenders (with over 10 loans originated) are
STATE EMPLOYEES' ($4,036), LOCAL GOVERNMENT FEDERAL CREDIT UNION ($4,084), HomeTrust Bank ($4,106), Truist ($4,489) and MOVEMENT MORTGAGE, LLC ($4,938).
The lowest rate Shelby lenders (with over 10 loans originated) are
LOCAL GOVERNMENT FEDERAL CREDIT UNION (5.79%), STATE EMPLOYEES' (5.98%), HomeTrust Bank (6.38%), Truist (6.49%) and ON Q FINANCIAL, INC. (6.72%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| STATE EMPLOYEES' | $60,165,000 | $39,075,000 | -35.1% | 11.5% |
| QUICKEN LOANS, LLC | $32,230,000 | $21,015,000 | -34.8% | 6.2% |
| MOVEMENT MORTGAGE, LLC | $28,755,000 | $17,655,000 | -38.6% | 5.2% |
| HOMESTAR FINANCIAL CORPORATION | $20,430,000 | $15,495,000 | -24.2% | 4.6% |
| ON Q FINANCIAL, INC. | $4,525,000 | $12,575,000 | 177.9% | 3.7% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $12,900,000 | $11,790,000 | -8.6% | 3.5% |
| The Fidelity Bank | $13,395,000 | $10,410,000 | -22.3% | 3.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $9,475,000 | $9,995,000 | 5.5% | 2.9% |
| Truist | $16,705,000 | $9,260,000 | -44.6% | 2.7% |
| Truliant Federal Credit Union | $10,835,000 | $9,065,000 | -16.3% | 2.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $7,550,000 | $7,955,000 | 5.4% | 2.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $8,195,000 | $7,670,000 | -6.4% | 2.3% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $11,560,000 | $6,750,000 | -41.6% | 2.0% |
| Mortgage Research Center, LLC | $7,740,000 | $6,410,000 | -17.2% | 1.9% |
| HomeTrust Bank | $10,490,000 | $6,260,000 | -40.3% | 1.8% |
| American Security Mortgage Corp. | $4,020,000 | $5,800,000 | 44.3% | 1.7% |
| AgFirst Farm Credit Bank | $7,825,000 | $5,540,000 | -29.2% | 1.6% |
| LOANDEPOT.COM, LLC | $7,745,000 | $5,330,000 | -31.2% | 1.6% |
| NAVY FEDERAL CREDIT UNION | $3,265,000 | $4,530,000 | 38.7% | 1.3% |
| Arbor Realty Trust, Inc. | $3,845,000 | n/a | 1.1% | |
| CROSSCOUNTRY MORTGAGE, LLC | $5,090,000 | $3,570,000 | -29.9% | 1.0% |
| Fifth Third Bank | $4,930,000 | $3,305,000 | -33.0% | 1.0% |
| First Federal Savings Bank of Lincolnton | $1,300,000 | $2,525,000 | 94.2% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $6,260,000 | $2,510,000 | -59.9% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $4,715,000 | $2,445,000 | -48.1% | 0.7% |
| CHARLOTTE METRO FEDERAL CREDIT UNION | $2,300,000 | $2,375,000 | 3.3% | 0.7% |
| Blue Ridge Bank | $2,285,000 | $2,360,000 | 3.3% | 0.7% |
| CARDINAL FINANCIAL | $9,675,000 | $2,285,000 | -76.4% | 0.7% |
| First Federal Bank | $1,260,000 | $1,960,000 | 55.6% | 0.6% |
| LENDINGHOME FUNDING CORPORATION | $1,595,000 | $1,935,000 | 21.3% | 0.6% |
| BROKER SOLUTIONS, INC. | $4,685,000 | $1,895,000 | -59.6% | 0.6% |
| First-Citizens Bank & Trust Company | $2,295,000 | $1,790,000 | -22.0% | 0.5% |
| FOUNDERS FEDERAL CREDIT UNION | $2,630,000 | $1,710,000 | -35.0% | 0.5% |
| First National Bank of Pennsylvania | $480,000 | $1,700,000 | 254.2% | 0.5% |
| GoPrime Mortgage, Inc. | $1,550,000 | $1,685,000 | 8.7% | 0.5% |
| ACADEMY MORTGAGE CORPORATION | $1,670,000 | n/a | 0.5% | |
| PNC Bank | $3,155,000 | $1,665,000 | -47.2% | 0.5% |
| Bank of America | $1,840,000 | $1,620,000 | -12.0% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $3,880,000 | $1,600,000 | -58.8% | 0.5% |
| Bank OZK | $5,580,000 | $1,560,000 | -72.0% | 0.5% |
| UNION HOME MORTGAGE CORP. | $305,000 | $1,490,000 | 388.5% | 0.4% |
| NEWREZ LLC | $1,470,000 | $1,460,000 | -0.7% | 0.4% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,440,000 | n/a | 0.4% | |
| South State Bank | $765,000 | $1,355,000 | 77.1% | 0.4% |
| USAA Federal Savings Bank | $1,565,000 | $1,345,000 | -14.1% | 0.4% |
| GUILD MORTGAGE COMPANY | $790,000 | $1,335,000 | 69.0% | 0.4% |
| Atlantic Coast Mortgage, LLC | $1,240,000 | n/a | 0.4% | |
| SeaTrust Mortgage Company | $585,000 | $1,215,000 | 107.7% | 0.4% |
| C & F Mortgage Corporation | $1,380,000 | $1,205,000 | -12.7% | 0.4% |
| LIMA ONE CAPITAL, LLC | $1,480,000 | $1,195,000 | -19.3% | 0.4% |
| NEW DAY FINANCIAL, LLC | $1,260,000 | $1,180,000 | -6.3% | 0.3% |
| Northpointe Bank | $2,350,000 | $1,150,000 | -51.1% | 0.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,350,000 | $1,150,000 | -14.8% | 0.3% |
| Citizens Bank | $630,000 | $1,105,000 | 75.4% | 0.3% |
| Plains Commerce Bank | $250,000 | $1,095,000 | 338.0% | 0.3% |
| 1ST SIGNATURE LENDING, LLC | $1,080,000 | $1,070,000 | -0.9% | 0.3% |
| HOMESIDE FINANCIAL, LLC | $1,470,000 | $1,055,000 | -28.2% | 0.3% |
| LATINO COMMUNITY CREDIT UNION | $865,000 | $1,050,000 | 21.4% | 0.3% |
| RAPID MORTGAGE COMPANY | $1,150,000 | $1,035,000 | -10.0% | 0.3% |
| INSPIRE HOME LOANS INC. | $3,125,000 | $1,020,000 | -67.4% | 0.3% |
| MID AMERICA MORTGAGE, INC. | $1,395,000 | $1,020,000 | -26.9% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $1,395,000 | $985,000 | -29.4% | 0.3% |
| JPMorgan Chase Bank | $1,875,000 | $955,000 | -49.1% | 0.3% |
| Alcova Mortgage LLC | $1,150,000 | $950,000 | -17.4% | 0.3% |
| Nations Lending Corporation | $740,000 | $910,000 | 23.0% | 0.3% |
| FBC MORTGAGE, LLC | $500,000 | $895,000 | 79.0% | 0.3% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $895,000 | n/a | 0.3% | |
| SOUTHWEST STAGE FUNDING, LLC | $195,000 | $890,000 | 356.4% | 0.3% |
| RELIANCE FIRST CAPITAL, LLC | $2,100,000 | $885,000 | -57.9% | 0.3% |
| FREEDOM MORTGAGE CORPORATION | $3,035,000 | $875,000 | -71.2% | 0.3% |
| Regions Bank | $1,620,000 | $870,000 | -46.3% | 0.3% |
| PLANET HOME LENDING, LLC | $1,380,000 | $860,000 | -37.7% | 0.3% |
| TD Bank | $850,000 | n/a | 0.2% | |
| DIRECT MORTGAGE LOANS, LLC | $165,000 | $845,000 | 412.1% | 0.2% |
| The Federal Savings Bank | $1,070,000 | $835,000 | -22.0% | 0.2% |
| Flagstar Bank, FSB | $1,055,000 | $830,000 | -21.3% | 0.2% |
| ZILLOW HOME LOANS, LLC | $195,000 | $830,000 | 325.6% | 0.2% |
| Community First Bank, Inc. | $815,000 | n/a | 0.2% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,215,000 | $805,000 | -33.7% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $645,000 | $755,000 | 17.1% | 0.2% |
| Carrington Mortgage Services, LLC | $1,380,000 | $725,000 | -47.5% | 0.2% |
| Wells Fargo Bank | $5,185,000 | $725,000 | -86.0% | 0.2% |
| Ameris Bank | $440,000 | $720,000 | 63.6% | 0.2% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $710,000 | n/a | 0.2% | |
| Barrington Bank & Trust Company, N.A. | $275,000 | $705,000 | 156.4% | 0.2% |
| COASTAL Federal Credit Union | $45,000 | $705,000 | 1,466.7% | 0.2% |
| LENDINGONE, LLC | $615,000 | $685,000 | 11.4% | 0.2% |
| Equity Prime Mortgage LLC | $760,000 | $680,000 | -10.5% | 0.2% |
| New Republic Savings Bank | $675,000 | n/a | 0.2% | |
| Uwharrie Bank | $730,000 | $675,000 | -7.5% | 0.2% |
| EVERETT FINANCIAL, INC. | $375,000 | $655,000 | 74.7% | 0.2% |
| AMERICAN FINANCIAL RESOURCES, INC. | $3,280,000 | $640,000 | -80.5% | 0.2% |
| First Bank | $630,000 | n/a | 0.2% | |
| GUARANTEED RATE, INC. | $1,525,000 | $605,000 | -60.3% | 0.2% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $480,000 | $595,000 | 24.0% | 0.2% |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $550,000 | n/a | 0.2% | |
| North American Savings Bank, F.S.B. | $540,000 | n/a | 0.2% | |
| Prosperity Home Mortgage, LLC | $735,000 | $540,000 | -26.5% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $460,000 | $520,000 | 13.0% | 0.2% |
| NFM, INC. | $1,260,000 | $510,000 | -59.5% | 0.1% |
| Ally Bank | $695,000 | $505,000 | -27.3% | 0.1% |
| BETTER MORTGAGE CORPORATION | $775,000 | $500,000 | -35.5% | 0.1% |
| CAPITAL CENTER, L.L.C. | $1,040,000 | $500,000 | -51.9% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $500,000 | n/a | 0.1% | |
| United Community Bank | $875,000 | $500,000 | -42.9% | 0.1% |
| ALLEGACY FEDERAL CREDIT UNION | $665,000 | $490,000 | -26.3% | 0.1% |
| MICHIGAN MUTUAL, INC. | $490,000 | n/a | 0.1% | |
| CMG MORTGAGE, INC. | $1,130,000 | $480,000 | -57.5% | 0.1% |
| NEXERA HOLDING LLC | $475,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $420,000 | $470,000 | 11.9% | 0.1% |
| TJC Mortgage, Inc. | $580,000 | $465,000 | -19.8% | 0.1% |
| Discover Bank | $195,000 | $455,000 | 133.3% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $840,000 | $445,000 | -47.0% | 0.1% |
| EMBRACE HOME LOANS, INC. | $105,000 | $440,000 | 319.0% | 0.1% |
| MILEND, INC. | $245,000 | $440,000 | 79.6% | 0.1% |
| PREMIER LENDING, INC. | $440,000 | n/a | 0.1% | |
| T2 FINANCIAL LLC | $2,135,000 | $440,000 | -79.4% | 0.1% |
| ACOPIA, LLC | $425,000 | n/a | 0.1% | |
| Southern Bank and Trust Company | $65,000 | $425,000 | 553.8% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $655,000 | $415,000 | -36.6% | 0.1% |
| KeyBank | $4,365,000 | $405,000 | -90.7% | 0.1% |
| 21ST MORTGAGE CORPORATION | $250,000 | $395,000 | 58.0% | 0.1% |
| LOANPAL, LLC | $975,000 | $380,000 | -61.0% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $1,990,000 | $375,000 | -81.2% | 0.1% |
| Figure Lending LLC | $395,000 | $370,000 | -6.3% | 0.1% |
| First Palmetto Bank | $365,000 | n/a | 0.1% | |
| ENCORE BANK | $355,000 | n/a | 0.1% | |
| Evolve Bank & Trust | $355,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $335,000 | n/a | 0.1% | |
| First Horizon Bank | $335,000 | n/a | 0.1% | |
| CALIBER HOME LOANS, INC. | $770,000 | $325,000 | -57.8% | 0.1% |
| Hometown Equity Mortgage, LLC | $325,000 | n/a | 0.1% | |
| ALLIED MORTGAGE GROUP, INC. | $205,000 | $315,000 | 53.7% | 0.1% |
| Magnolia Bank | $460,000 | $305,000 | -33.7% | 0.1% |
| United Bank | $1,645,000 | $305,000 | -81.5% | 0.1% |
| Pinnacle Bank | $175,000 | $300,000 | 71.4% | 0.1% |
| U.S. Bank | $1,655,000 | $295,000 | -82.2% | 0.1% |
| Morgan Stanley Private Bank | $285,000 | n/a | 0.1% | |
| Peoples Bank | $95,000 | $280,000 | 194.7% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $275,000 | n/a | 0.1% | |
| MORTGAGEONE, INC. | $275,000 | n/a | 0.1% | |
| Northwest Federal Credit Union | $55,000 | $275,000 | 400.0% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $545,000 | $265,000 | -51.4% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $265,000 | n/a | 0.1% | |
| Towne Bank | $160,000 | $265,000 | 65.6% | 0.1% |
| COMPASS MORTGAGE, INC. | $255,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $255,000 | n/a | 0.1% | |
| OCMBC, INC. | $250,000 | n/a | 0.1% | |
| NETWORK CAPITAL FUNDING CORPORATION | $125,000 | $235,000 | 88.0% | 0.1% |
| NORWICH COMMERCIAL GROUP, INC. | $235,000 | n/a | 0.1% | |
| CIVIC FINANCIAL SERVICES, LLC | $950,000 | $230,000 | -75.8% | 0.1% |
| AMWEST FUNDING CORP. | $225,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $790,000 | $225,000 | -71.5% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,460,000 | $225,000 | -84.6% | 0.1% |
| OPEN MORTGAGE, LLC | $95,000 | $225,000 | 136.8% | 0.1% |
| Shamrock Home Loans, Inc. | $215,000 | $225,000 | 4.7% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $95,000 | $215,000 | 126.3% | 0.1% |
| F & M BANK CORP. | $255,000 | $215,000 | -15.7% | 0.1% |
| GENEVA FINANCIAL, LLC | $1,090,000 | $215,000 | -80.3% | 0.1% |
| Kwik Mortgage Corporation | $215,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $375,000 | $210,000 | -44.0% | 0.1% |
| ServisFirst Bank | $205,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $195,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $195,000 | n/a | 0.1% | |
| Prosperity Bank | $195,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $270,000 | $190,000 | -29.6% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $395,000 | $185,000 | -53.2% | 0.1% |
| Platinum Home Mortgage Corporation | $1,355,000 | $185,000 | -86.3% | 0.1% |
| Victorian Finance, LLC | $185,000 | n/a | 0.1% | |
| LEGEND LENDING CORPORATION | $175,000 | n/a | 0.1% | |
| NTFN, INC. | $175,000 | n/a | 0.1% | |
| POLARIS HOME FUNDING CORP. | $165,000 | $175,000 | 6.1% | 0.1% |
| Lakeview Community Capital, LLC | $225,000 | $165,000 | -26.7% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $165,000 | n/a | 0.0% | |
| Integrity Home Mortgage Corp | $155,000 | n/a | 0.0% | |
| Southern First Bank | $285,000 | $155,000 | -45.6% | 0.0% |
| THRIVE MORTGAGE, LLC | $175,000 | $155,000 | -11.4% | 0.0% |
| RF Renovo Management Company, LLC | $195,000 | $145,000 | -25.6% | 0.0% |
| FORT FINANCIAL Federal Credit Union | $195,000 | $140,000 | -28.2% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $185,000 | $135,000 | -27.0% | 0.0% |
| RBC Bank, (Georgia) | $135,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $130,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $670,000 | $125,000 | -81.3% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $250,000 | $125,000 | -50.0% | 0.0% |
| First Reliance Bank | $205,000 | $115,000 | -43.9% | 0.0% |
| The Loan Store, Inc. | $105,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $155,000 | $90,000 | -41.9% | 0.0% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $75,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $1,490,000 | $75,000 | -95.0% | 0.0% |
| Deere Employees Credit Union | $55,000 | n/a | 0.0% | |
| GTE Federal Credit Union | $245,000 | $55,000 | -77.6% | 0.0% |
| Connexus Credit Union | $35,000 | n/a | 0.0% |
Shelby's top lender by overall market share is STATE EMPLOYEES', with 11.5% market share. In second place, with 6.2%, is QUICKEN LOANS, LLC, having originated $21,015,000 in loans. In third place, with 5.2%, is MOVEMENT MORTGAGE, LLC, having originated $17,655,000 in loans. In fourth place, with 4.6%, is HOMESTAR FINANCIAL CORPORATION, having originated $15,495,000 in loans. In fifth place, with 3.7%, is ON Q FINANCIAL, INC., having originated $12,575,000 in loans.
Shelby, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,071 | $233,325,000 | $217,857 |
| Cash Out Refi | 261 | $49,695,000 | $190,402 |
| Home Improvement | 215 | $15,085,000 | $70,163 |
| Other | 204 | $17,300,000 | $84,804 |
| Refi | 161 | $25,035,000 | $155,497 |
Shelby's most frequently cited loan purpose was Home Purchase, with 1,071 originations. The 2nd most popular reason was Cash Out Refi, with 261 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 624 | $139,960,000 | $224,295 |
| 7-8% | 485 | $81,165,000 | $167,351 |
| Over 8% | 310 | $34,310,000 | $110,677 |
| 5-6% | 302 | $68,410,000 | $226,523 |
| 4-5% | 127 | $11,695,000 | $92,087 |
| <2.5% | 32 | $570,000 | $17,813 |
| 3-4% | 1 | $155,000 | $155,000 |
| 2.5-3% | 1 | $365,000 | $365,000 |
During 2023, Shelby's most frequently originated rate bucket was 6-7%, with 624 originations.
Loan Sizing (Shelby, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 672 | $100,010,000 | $148,824 |
| $200k-400k | 612 | $162,240,000 | $265,098 |
| $100,000 or less | 545 | $29,565,000 | $54,248 |
| $400k-600k | 60 | $28,240,000 | $470,667 |
| $600k-1000k | 20 | $14,160,000 | $708,000 |
| $Over $1MM | 3 | $6,225,000 | $2,075,000 |
Shelby's loan sizing saw the bucket of loans from $100k-200k with 672 originations, totaling $100,010,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 794 | $188,360,000 | $237,229 |
| 60-80% | 336 | $74,660,000 | $222,202 |
| Under 20% | 280 | $11,480,000 | $41,000 |
| 20-40% | 252 | $22,590,000 | $89,643 |
| 40-60% | 196 | $30,590,000 | $156,071 |
| Over 100% | 43 | $9,245,000 | $215,000 |
Shelby's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 794 originations, totaling $188,360,000 in origination value.