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
6.82%
for the week of 2023-11-22, compared to the national average of
7.29% for the same period.
The average rate for the prior week (2023-11-16) was
7.07% and
one month ago for the week of 2023-10-19, the
average rate was 7.06%.
Shelby's average rate one year ago was 6.14%.
For refis of the same type during the week of 2023-11-22, the average rate
was 6.33%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-11-22 | 7.29% |
| Shelby 30 Year Fixed Rate | 2023-11-22 | 6.82% |
| Shelby 30 Year Fixed Rate Refi | 2023-11-22 | 6.33% |
| Shelby 15 Year Fixed Rate | 2023-11-22 | 6.87% |
| Shelby 15 Year Fixed Rate Refi | 2023-11-22 | 6.57% |
| Shelby 30 Year FHA | 2023-11-22 | -0.57% |
| Shelby 30 Year FHA Refi | 2023-11-22 | -0.1% |
| Shelby 30 Year USDA | 2023-11-22 | -0.56% |
| Shelby 30 Year USDA Refi | 2023-11-22 | 0.2% |
| Shelby 30 Year VA | 2023-11-22 | -0.3% |
| Shelby 30 Year VA Refi | 2023-11-22 | 0% |
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.).
Shelby Average Closing Costs & Other Stats
Shelby, NC's 130 lenders originated 2,656
loans during 2022. The total origination value was $487,120,000, with an average loan value of
$183,404.
Shelby's average closing costs are $4,720.
The top Shelby lender as defined by loan originations is STATE EMPLOYEES', with
190 loans originated. Their average total fees are
$3,841, which is $2,050
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Shelby lenders (with over 10 loans originated) are
FOUNDERS FEDERAL CREDIT UNION ($2,957), Truist ($3,478), LOCAL GOVERNMENT FEDERAL CREDIT UNION ($3,556), SHARONVIEW FEDERAL CREDIT UNION ($3,594) and STATE EMPLOYEES' ($3,841).
The lowest rate Shelby lenders (with over 10 loans originated) are
FOUNDERS FEDERAL CREDIT UNION (3.60%), LOCAL GOVERNMENT FEDERAL CREDIT UNION (3.70%), STATE EMPLOYEES' (4.21%), LOANDEPOT.COM, LLC (4.44%) and The Fidelity Bank (4.52%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| STATE EMPLOYEES' | $56,875,000 | $60,165,000 | 5.8% | 12.4% |
| QUICKEN LOANS, LLC | $55,660,000 | $32,230,000 | -42.1% | 6.6% |
| MOVEMENT MORTGAGE, LLC | $39,800,000 | $28,755,000 | -27.8% | 5.9% |
| HOMESTAR FINANCIAL CORPORATION | $46,465,000 | $20,430,000 | -56.0% | 4.2% |
| Truist | $19,375,000 | $16,705,000 | -13.8% | 3.4% |
| The Fidelity Bank | $18,525,000 | $13,395,000 | -27.7% | 2.7% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $14,530,000 | $12,900,000 | -11.2% | 2.6% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $10,575,000 | $11,560,000 | 9.3% | 2.4% |
| Truliant Federal Credit Union | $11,970,000 | $10,835,000 | -9.5% | 2.2% |
| HomeTrust Bank | $20,035,000 | $10,490,000 | -47.6% | 2.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $19,470,000 | $9,675,000 | -50.3% | 2.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $8,365,000 | $9,475,000 | 13.3% | 1.9% |
| SHARONVIEW FEDERAL CREDIT UNION | $11,330,000 | $8,350,000 | -26.3% | 1.7% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $8,760,000 | $8,195,000 | -6.4% | 1.7% |
| AgFirst Farm Credit Bank | $8,065,000 | $7,825,000 | -3.0% | 1.6% |
| LOANDEPOT.COM, LLC | $32,500,000 | $7,745,000 | -76.2% | 1.6% |
| Mortgage Research Center, LLC | $6,970,000 | $7,740,000 | 11.0% | 1.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,875,000 | $7,550,000 | 54.9% | 1.5% |
| PENNYMAC LOAN SERVICES, LLC | $5,900,000 | $6,260,000 | 6.1% | 1.3% |
| READYCAP COMMERCIAL, LLC | $5,615,000 | n/a | 1.2% | |
| Bank OZK | $5,015,000 | $5,580,000 | 11.3% | 1.1% |
| Wells Fargo Bank | $22,130,000 | $5,185,000 | -76.6% | 1.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $5,405,000 | $5,090,000 | -5.8% | 1.0% |
| Fifth Third Bank | $7,385,000 | $4,930,000 | -33.2% | 1.0% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,840,000 | $4,715,000 | -19.3% | 1.0% |
| BROKER SOLUTIONS, INC. | $2,220,000 | $4,685,000 | 111.0% | 1.0% |
| ON Q FINANCIAL, INC. | $4,525,000 | n/a | 0.9% | |
| KeyBank | $4,365,000 | n/a | 0.9% | |
| American Security Mortgage Corp. | $5,605,000 | $4,020,000 | -28.3% | 0.8% |
| AMERISAVE MORTGAGE CORPORATION | $5,820,000 | $3,880,000 | -33.3% | 0.8% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,640,000 | $3,280,000 | 100.0% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $5,945,000 | $3,265,000 | -45.1% | 0.7% |
| PNC Bank | $5,060,000 | $3,155,000 | -37.6% | 0.6% |
| INSPIRE HOME LOANS INC. | $3,125,000 | n/a | 0.6% | |
| FREEDOM MORTGAGE CORPORATION | $11,855,000 | $3,035,000 | -74.4% | 0.6% |
| Carolina Farm Credit, ACA | $2,080,000 | $2,765,000 | 32.9% | 0.6% |
| FOUNDERS FEDERAL CREDIT UNION | $890,000 | $2,630,000 | 195.5% | 0.5% |
| Northpointe Bank | $600,000 | $2,350,000 | 291.7% | 0.5% |
| CHARLOTTE METRO FEDERAL CREDIT UNION | $425,000 | $2,300,000 | 441.2% | 0.5% |
| First-Citizens Bank & Trust Company | $3,010,000 | $2,295,000 | -23.8% | 0.5% |
| Blue Ridge Bank | $8,695,000 | $2,285,000 | -73.7% | 0.5% |
| T2 FINANCIAL LLC | $360,000 | $2,135,000 | 493.1% | 0.4% |
| RELIANCE FIRST CAPITAL, LLC | $1,720,000 | $2,100,000 | 22.1% | 0.4% |
| Wyndham Capital Mortgage, Inc. | $3,190,000 | $1,990,000 | -37.6% | 0.4% |
| JPMorgan Chase Bank | $1,200,000 | $1,875,000 | 56.3% | 0.4% |
| Bank of America | $3,360,000 | $1,840,000 | -45.2% | 0.4% |
| Allen Tate Mortgage Partners, LLC | $2,895,000 | $1,695,000 | -41.5% | 0.3% |
| U.S. Bank | $1,155,000 | $1,655,000 | 43.3% | 0.3% |
| United Bank | $4,200,000 | $1,645,000 | -60.8% | 0.3% |
| Regions Bank | $175,000 | $1,620,000 | 825.7% | 0.3% |
| LENDINGHOME FUNDING CORPORATION | $290,000 | $1,595,000 | 450.0% | 0.3% |
| USAA Federal Savings Bank | $1,575,000 | $1,565,000 | -0.6% | 0.3% |
| GoPrime Mortgage, Inc. | $2,070,000 | $1,550,000 | -25.1% | 0.3% |
| GUARANTEED RATE, INC. | $1,065,000 | $1,525,000 | 43.2% | 0.3% |
| Third Federal Savings and Loan Association of Cleveland | $235,000 | $1,490,000 | 534.0% | 0.3% |
| LIMA ONE CAPITAL, LLC | $2,150,000 | $1,480,000 | -31.2% | 0.3% |
| HOMESIDE FINANCIAL, LLC | $1,570,000 | $1,470,000 | -6.4% | 0.3% |
| NEWREZ LLC | $2,340,000 | $1,470,000 | -37.2% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $925,000 | $1,460,000 | 57.8% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $2,270,000 | $1,395,000 | -38.5% | 0.3% |
| MID AMERICA MORTGAGE, INC. | $260,000 | $1,395,000 | 436.5% | 0.3% |
| Carrington Mortgage Services, LLC | $1,450,000 | $1,380,000 | -4.8% | 0.3% |
| C & F Mortgage Corporation | $1,070,000 | $1,380,000 | 29.0% | 0.3% |
| PLANET HOME LENDING, LLC | $1,215,000 | $1,380,000 | 13.6% | 0.3% |
| Platinum Home Mortgage Corporation | $200,000 | $1,355,000 | 577.5% | 0.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,035,000 | $1,350,000 | 30.4% | 0.3% |
| Renasant Bank | $1,125,000 | $1,350,000 | 20.0% | 0.3% |
| First Federal Savings Bank of Lincolnton | $1,300,000 | n/a | 0.3% | |
| First Federal Bank | $1,620,000 | $1,260,000 | -22.2% | 0.3% |
| NEW DAY FINANCIAL, LLC | $1,345,000 | $1,260,000 | -6.3% | 0.3% |
| NFM, INC. | $1,540,000 | $1,260,000 | -18.2% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,885,000 | $1,215,000 | -57.9% | 0.2% |
| Alcova Mortgage LLC | $1,955,000 | $1,150,000 | -41.2% | 0.2% |
| RAPID MORTGAGE COMPANY | $690,000 | $1,150,000 | 66.7% | 0.2% |
| Stifel Bank and Trust | $1,140,000 | n/a | 0.2% | |
| CMG MORTGAGE, INC. | $165,000 | $1,130,000 | 584.8% | 0.2% |
| GENEVA FINANCIAL, LLC | $320,000 | $1,090,000 | 240.6% | 0.2% |
| 1ST SIGNATURE LENDING, LLC | $975,000 | $1,080,000 | 10.8% | 0.2% |
| ADVANCIAL | $1,075,000 | n/a | 0.2% | |
| The Federal Savings Bank | $1,070,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $1,215,000 | $1,055,000 | -13.2% | 0.2% |
| CAPITAL CENTER, L.L.C. | $2,035,000 | $1,040,000 | -48.9% | 0.2% |
| Bank of England | $185,000 | $1,010,000 | 445.9% | 0.2% |
| LOANPAL, LLC | $615,000 | $975,000 | 58.5% | 0.2% |
| CIVIC FINANCIAL SERVICES, LLC | $145,000 | $950,000 | 555.2% | 0.2% |
| INTERCOASTAL MORTGAGE COMPANY | $2,655,000 | $875,000 | -67.0% | 0.2% |
| United Community Bank | $260,000 | $875,000 | 236.5% | 0.2% |
| LATINO COMMUNITY CREDIT UNION | $865,000 | n/a | 0.2% | |
| DOMINION FINANCIAL SERVICES, LLC | $145,000 | $840,000 | 479.3% | 0.2% |
| GUILD MORTGAGE COMPANY | $2,100,000 | $790,000 | -62.4% | 0.2% |
| KELLER MORTGAGE, LLC | $410,000 | $790,000 | 92.7% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $790,000 | n/a | 0.2% | |
| BETTER MORTGAGE CORPORATION | $4,925,000 | $775,000 | -84.3% | 0.2% |
| CALIBER HOME LOANS, INC. | $2,780,000 | $770,000 | -72.3% | 0.2% |
| South State Bank | $1,360,000 | $765,000 | -43.8% | 0.2% |
| Equity Prime Mortgage LLC | $760,000 | n/a | 0.2% | |
| Nations Lending Corporation | $1,660,000 | $740,000 | -55.4% | 0.2% |
| Prosperity Home Mortgage, LLC | $735,000 | n/a | 0.2% | |
| ANGEL OAK HOME LOANS LLC | $920,000 | $730,000 | -20.7% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $235,000 | $730,000 | 210.6% | 0.1% |
| Hometown Lenders, Inc. | $255,000 | $730,000 | 186.3% | 0.1% |
| Uwharrie Bank | $1,910,000 | $730,000 | -61.8% | 0.1% |
| Ally Bank | $695,000 | n/a | 0.1% | |
| American Airlines Federal Credit Union | $670,000 | n/a | 0.1% | |
| Family Trust Federal Credit Union | $670,000 | n/a | 0.1% | |
| ALLEGACY FEDERAL CREDIT UNION | $135,000 | $665,000 | 392.6% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,060,000 | $655,000 | -38.2% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $185,000 | $645,000 | 248.6% | 0.1% |
| CERTAINTY HOME LOANS, LLC | $1,030,000 | $645,000 | -37.4% | 0.1% |
| SWBC MORTGAGE CORPORATION | $645,000 | n/a | 0.1% | |
| BNC National Bank | $665,000 | $635,000 | -4.5% | 0.1% |
| First Guaranty Mortgage Corporation | $575,000 | $635,000 | 10.4% | 0.1% |
| Citizens Bank | $505,000 | $630,000 | 24.8% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $145,000 | $620,000 | 327.6% | 0.1% |
| LENDINGONE, LLC | $960,000 | $615,000 | -35.9% | 0.1% |
| First State Bank | $605,000 | n/a | 0.1% | |
| SeaTrust Mortgage Company | $585,000 | n/a | 0.1% | |
| TJC Mortgage, Inc. | $590,000 | $580,000 | -1.7% | 0.1% |
| HOME POINT FINANCIAL CORPORATION | $1,590,000 | $570,000 | -64.2% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $2,055,000 | $555,000 | -73.0% | 0.1% |
| MCLEAN MORTGAGE CORPORATION | $205,000 | $550,000 | 168.3% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $395,000 | $545,000 | 38.0% | 0.1% |
| NATION ONE MORTGAGE CORPORATION | $505,000 | n/a | 0.1% | |
| FBC MORTGAGE, LLC | $500,000 | n/a | 0.1% | |
| First National Bank of Pennsylvania | $105,000 | $480,000 | 357.1% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,380,000 | $480,000 | -65.2% | 0.1% |
| Magnolia Bank | $400,000 | $460,000 | 15.0% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $1,710,000 | $460,000 | -73.1% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $185,000 | $445,000 | 140.5% | 0.1% |
| Ameris Bank | $965,000 | $440,000 | -54.4% | 0.1% |
| WNC Community Credit Union | $435,000 | n/a | 0.1% | |
| AMERIFIRST FINANCIAL CORPORATION | $940,000 | $430,000 | -54.3% | 0.1% |
| BAY EQUITY LLC | $420,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $1,000,000 | $420,000 | -58.0% | 0.1% |
| Figure Lending LLC | $100,000 | $395,000 | 295.0% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $145,000 | $395,000 | 172.4% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $375,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $135,000 | $375,000 | 177.8% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $800,000 | $375,000 | -53.1% | 0.1% |
| Willamette Valley Bank | $375,000 | n/a | 0.1% | |
| Silicon Valley Bank | $345,000 | n/a | 0.1% | |
| Watermark Capital, Inc. | $530,000 | $340,000 | -35.8% | 0.1% |
| Axos Bank | $145,000 | $335,000 | 131.0% | 0.1% |
| NBKC BANK | $445,000 | $325,000 | -27.0% | 0.1% |
| Gateway First Bank | $95,000 | $315,000 | 231.6% | 0.1% |
| NexBank | $315,000 | n/a | 0.1% | |
| REVERSE MORTGAGE FUNDING LLC | $155,000 | $310,000 | 100.0% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $305,000 | n/a | 0.1% | |
| PIKE CREEK MORTGAGE SERVICES, INC. | $305,000 | n/a | 0.1% | |
| SHELTER HOME MORTGAGE, LLC | $155,000 | $305,000 | 96.8% | 0.1% |
| UNION HOME MORTGAGE CORP. | $305,000 | n/a | 0.1% | |
| Southern First Bank | $315,000 | $285,000 | -9.5% | 0.1% |
| The Huntington National Bank | $280,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $545,000 | $275,000 | -49.5% | 0.1% |
| VERITAS FUNDING, LLC | $275,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $380,000 | $270,000 | -28.9% | 0.1% |
| LOANFLIGHT LENDING, LLC | $265,000 | n/a | 0.1% | |
| Touchstone Bank | $265,000 | n/a | 0.1% | |
| Cornerstone First Mortgage, Inc | $255,000 | n/a | 0.1% | |
| F & M BANK CORP. | $215,000 | $255,000 | 18.6% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $1,045,000 | $255,000 | -75.6% | 0.1% |
| 21ST MORTGAGE CORPORATION | $105,000 | $250,000 | 138.1% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $855,000 | $250,000 | -70.8% | 0.1% |
| Plains Commerce Bank | $165,000 | $250,000 | 51.5% | 0.1% |
| GTE Federal Credit Union | $245,000 | n/a | 0.1% | |
| MILEND, INC. | $285,000 | $245,000 | -14.0% | 0.1% |
| AMERICAN ADVISORS GROUP | $110,000 | $240,000 | 118.2% | 0.0% |
| BELCO COMMUNITY CREDIT UNION | $235,000 | n/a | 0.0% | |
| HOMESTEAD FUNDING CORP. | $235,000 | n/a | 0.0% | |
| Servion, Inc. | $235,000 | n/a | 0.0% | |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $225,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $550,000 | $225,000 | -59.1% | 0.0% |
| Abbott Laboratories Employees Credit Union | $215,000 | n/a | 0.0% | |
| Austin Capital Bank SSB | $195,000 | $215,000 | 10.3% | 0.0% |
| Shamrock Home Loans, Inc. | $270,000 | $215,000 | -20.4% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $205,000 | n/a | 0.0% | |
| First Reliance Bank | $290,000 | $205,000 | -29.3% | 0.0% |
| HANCOCK MORTGAGE PARTNERS, LLC | $155,000 | $205,000 | 32.3% | 0.0% |
| Discover Bank | $320,000 | $195,000 | -39.1% | 0.0% |
| FORT FINANCIAL Federal Credit Union | $195,000 | n/a | 0.0% | |
| MLD MORTGAGE INC. | $205,000 | $195,000 | -4.9% | 0.0% |
| RF Renovo Management Company, LLC | $195,000 | n/a | 0.0% | |
| SOUTHWEST STAGE FUNDING, LLC | $195,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $495,000 | $195,000 | -60.6% | 0.0% |
| PHH Mortgage Corporation | $1,120,000 | $190,000 | -83.0% | 0.0% |
| Commerce Home Mortgage, Inc. | $185,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $185,000 | n/a | 0.0% | |
| First Savings Bank | $185,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $185,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $185,000 | n/a | 0.0% | |
| Pinnacle Bank | $175,000 | n/a | 0.0% | |
| THRIVE MORTGAGE, LLC | $175,000 | n/a | 0.0% | |
| DIRECT MORTGAGE LOANS, LLC | $165,000 | n/a | 0.0% | |
| MORTGAGE INVESTORS GROUP, INC. | $105,000 | $165,000 | 57.1% | 0.0% |
| POLARIS HOME FUNDING CORP. | $165,000 | n/a | 0.0% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $165,000 | n/a | 0.0% | |
| Towne Bank | $335,000 | $160,000 | -52.2% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $155,000 | n/a | 0.0% | |
| Quontic Bank | $155,000 | n/a | 0.0% | |
| S. C. TELCO | $325,000 | $155,000 | -52.3% | 0.0% |
| SPRING EQ, LLC | $615,000 | $155,000 | -74.8% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $155,000 | n/a | 0.0% | |
| UNITED MORTGAGE CORP. | $145,000 | n/a | 0.0% | |
| Arvest Bank | $135,000 | n/a | 0.0% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $125,000 | $135,000 | 8.0% | 0.0% |
| First National Bank of America | $135,000 | n/a | 0.0% | |
| Low VA Rates, LLC | $525,000 | $135,000 | -74.3% | 0.0% |
| MIDWEST LOAN SOLUTIONS, INC. | $135,000 | n/a | 0.0% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $760,000 | $135,000 | -82.2% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $125,000 | n/a | 0.0% | |
| Farmers & Merchants Bank | $115,000 | n/a | 0.0% | |
| GREAT LAKES | $115,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $105,000 | n/a | 0.0% | |
| ATLANTA POSTAL | $105,000 | n/a | 0.0% | |
| CRESCENT MORTGAGE COMPANY | $105,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $105,000 | n/a | 0.0% | |
| UNITED | $65,000 | $105,000 | 61.5% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $95,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $95,000 | n/a | 0.0% | |
| Peoples Bank | $220,000 | $95,000 | -56.8% | 0.0% |
| First Western Federal Savings Bank | $85,000 | n/a | 0.0% | |
| CIS Financial Services, Inc. | $75,000 | n/a | 0.0% | |
| CNB Bank | $65,000 | n/a | 0.0% | |
| Southern Bank and Trust Company | $65,000 | n/a | 0.0% | |
| ANDREWS FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| INOVA FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| Northwest Federal Credit Union | $55,000 | n/a | 0.0% | |
| COASTAL Federal Credit Union | $565,000 | $45,000 | -92.0% | 0.0% |
| Summit Credit Union | $45,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $35,000 | n/a | 0.0% |
Shelby's top lender by overall market share is STATE EMPLOYEES', with 12.4% market share. In second place, with 6.6%, is QUICKEN LOANS, LLC, having originated $32,230,000 in loans. In third place, with 5.9%, is MOVEMENT MORTGAGE, LLC, having originated $28,755,000 in loans. In fourth place, with 4.2%, is HOMESTAR FINANCIAL CORPORATION, having originated $20,430,000 in loans. In fifth place, with 3.4%, is Truist, having originated $16,705,000 in loans.
Shelby Housing Market Trends (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 (4.0%) | $197,484 (7.1%) | 0.00 | 252 |
| 2018-02-01 | $163,495 (18.8%) | $210,525 (13.2%) | 0.00 | 250 |
| 2018-03-01 | $166,495 (19.8%) | $213,179 (11.5%) | 0.00 | 237 |
| 2018-04-01 | $180,825 (32.0%) | $221,941 (11.7%) | 0.00 | 232 |
| 2018-05-01 | $177,493 (26.9%) | $230,676 (12.4%) | 0.00 | 266 |
| 2018-06-01 | $174,695 (23.5%) | $229,657 (13.1%) | 0.00 | 272 |
| 2018-07-01 | $179,095 (31.1%) | $235,908 (21.1%) | 0.00 | 279 |
| 2018-08-01 | $171,225 (23.2%) | $235,961 (18.1%) | 0.00 | 270 |
| 2018-09-01 | $169,950 (25.9%) | $234,104 (20.6%) | 0.00 | 263 |
| 2018-10-01 | $167,500 (19.7%) | $231,749 (18.4%) | 0.00 | 253 |
| 2018-11-01 | $175,873 (26.1%) | $240,863 (22.1%) | 0.00 | 233 |
| 2018-12-01 | $175,000 (25.0%) | $241,291 (24.1%) | 0.00 | 215 |
| 2019-01-01 | $183,495 (26.8%) | $252,166 (27.7%) | 0.00 | 204 |
| 2019-02-01 | $192,225 (17.6%) | $254,316 (20.8%) | 0.00 | 199 |
| 2019-03-01 | $197,693 (18.7%) | $259,226 (21.6%) | 0.00 | 181 |
| 2019-04-01 | $187,200 (3.5%) | $250,592 (12.9%) | 0.00 | 177 |
| 2019-05-01 | $216,425 (21.9%) | $267,057 (15.8%) | 0.00 | 174 |
| 2019-06-01 | $212,000 (21.4%) | $279,155 (21.6%) | 0.00 | 175 |
| 2019-07-01 | $209,900 (17.2%) | $284,791 (20.7%) | 0.00 | 176 |
| 2019-08-01 | $202,400 (18.2%) | $278,312 (18.0%) | 0.00 | 176 |
| 2019-09-01 | $191,150 (12.5%) | $266,345 (13.8%) | 0.00 | 185 |
| 2019-10-01 | $182,400 (8.9%) | $257,300 (11.0%) | 0.00 | 194 |
| 2019-11-01 | $189,900 (8.0%) | $258,333 (7.3%) | 0.00 | 183 |
| 2019-12-01 | $189,900 (8.5%) | $257,281 (6.6%) | 0.00 | 171 |
| 2020-01-01 | $186,400 (1.6%) | $249,254 (-1.2%) | 0.00 | 163 |
| 2020-02-01 | $189,799 (-1.3%) | $257,931 (1.4%) | 0.00 | 156 |
| 2020-03-01 | $214,950 (8.7%) | $268,145 (3.4%) | 0.00 | 146 |
| 2020-04-01 | $220,675 (17.9%) | $268,026 (7.0%) | 0.00 | 125 |
| 2020-05-01 | $222,900 (3.0%) | $272,321 (2.0%) | 0.00 | 131 |
| 2020-06-01 | $220,150 (3.8%) | $260,284 (-6.8%) | 0.00 | 108 |
| 2020-07-01 | $223,400 (6.4%) | $286,634 (0.7%) | 0.00 | 90 |
| 2020-08-01 | $219,900 (8.7%) | $283,423 (1.8%) | 0.00 | 78 |
| 2020-09-01 | $224,400 (17.4%) | $319,136 (19.8%) | 0.00 | 83 |
| 2020-10-01 | $230,000 (26.1%) | $314,148 (22.1%) | 0.00 | 88 |
| 2020-11-01 | $207,250 (9.1%) | $280,946 (8.8%) | 0.00 | 89 |
| 2020-12-01 | $188,750 (-0.6%) | $249,565 (-3.0%) | 0.00 | 92 |
| 2021-01-01 | $200,000 (7.3%) | $258,627 (3.8%) | 0.00 | 91 |
| 2021-02-01 | $214,975 (13.3%) | $262,002 (1.6%) | 0.00 | 88 |
| 2021-03-01 | $239,425 (11.4%) | $281,237 (4.9%) | 0.00 | 67 |
| 2021-04-01 | $228,450 (3.5%) | $277,407 (3.5%) | 0.00 | 65 |
| 2021-05-01 | $212,100 (-4.9%) | $336,963 (23.7%) | 0.00 | 56 |
| 2021-06-01 | $240,425 (9.2%) | $333,107 (28.0%) | 0.00 | 60 |
| 2021-07-01 | $230,000 (3.0%) | $320,415 (11.8%) | 0.00 | 77 |
| 2021-08-01 | $237,475 (8.0%) | $348,107 (22.8%) | 0.00 | 105 |
| 2021-09-01 | $228,250 (1.7%) | $362,082 (13.5%) | 0.00 | 111 |
| 2021-10-01 | $259,900 (13.0%) | $372,876 (18.7%) | 0.00 | 118 |
| 2021-11-01 | $247,750 (19.5%) | $386,701 (37.6%) | 0.00 | 146 |
| 2021-12-01 | $247,450 (31.1%) | $408,650 (63.7%) | 0.00 | 129 |
| 2022-01-01 | $247,500 (23.8%) | $442,000 (70.9%) | 0.00 | 104 |
| 2022-02-01 | $249,950 (16.3%) | $417,496 (59.4%) | 0.00 | 81 |
| 2022-03-01 | $282,472 (18.0%) | $436,254 (55.1%) | 0.00 | 69 |
| 2022-04-01 | $265,000 (16.0%) | $418,792 (51.0%) | 0.00 | 68 |
| 2022-05-01 | $259,450 (22.3%) | $386,172 (14.6%) | 0.00 | 90 |
| 2022-06-01 | $245,000 (1.9%) | $379,831 (14.0%) | 0.00 | 126 |
| 2022-07-01 | $227,450 (-1.1%) | $364,107 (13.6%) | 0.00 | 164 |
| 2022-08-01 | $245,000 (3.2%) | $362,163 (4.0%) | 0.00 | 178 |
| 2022-09-01 | $238,175 (4.4%) | $339,450 (-6.3%) | 0.00 | 205 |
| 2022-10-01 | $240,000 (-7.7%) | $325,942 (-12.6%) | 0.00 | 224 |
| 2022-11-01 | $250,000 (0.9%) | $338,683 (-12.4%) | 0.00 | 212 |
| 2022-12-01 | $245,900 (-0.6%) | $343,789 (-15.9%) | 0.00 | 200 |
| 2023-01-01 | $266,000 (7.5%) | $350,508 (-20.7%) | 0.00 | 169 |
| 2023-02-01 | $264,973 (6.0%) | $355,206 (-14.9%) | 0.00 | 158 |
| 2023-03-01 | $285,000 (0.9%) | $383,483 (-12.1%) | 0.00 | 151 |
| 2023-04-01 | $285,000 (7.6%) | $374,370 (-10.6%) | 0.00 | 156 |
| 2023-05-01 | $278,500 (7.3%) | $381,196 (-1.3%) | 0.00 | 153 |
| 2023-06-01 | $272,400 (11.2%) | $381,807 (0.5%) | 0.00 | 179 |
| 2023-07-01 | $269,250 (18.4%) | $350,660 (-3.7%) | 0.00 | 178 |
| 2023-08-01 | $279,400 (14.0%) | $362,212 (0.0%) | 0.00 | 182 |
| 2023-09-01 | $279,400 (17.3%) | $367,476 (8.3%) | 0.00 | 198 |
| 2023-10-01 | $280,150 (16.7%) | $370,796 (13.8%) | 0.00 | 209 |
Shelby's median listing price for 2023-10-01 was $280,150, a difference of
$40,150
(16.7%) versus the prior year and
$750 versus the prior month.
Shelby's median listing price comes in at 0% of the national average.
Shelby's average listing price for 2023-10-01 was $370,796, a difference of $44,854 (13.8%) versus the prior year and $3,320 versus the prior month.
For the 2023-10-01 period, Shelby had 209 MLS listings, a difference of 11 listings (6%) versus the prior month and -15 listings (-7%) versus the prior year.
Shelby's median listing price comes in at 0% of the national average.
Shelby's average listing price for 2023-10-01 was $370,796, a difference of $44,854 (13.8%) versus the prior year and $3,320 versus the prior month.
For the 2023-10-01 period, Shelby had 209 MLS listings, a difference of 11 listings (6%) versus the prior month and -15 listings (-7%) 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 | 1,803 sqft |
| 2018-02-01 | 0 days | 1,841 sqft |
| 2018-03-01 | 0 days | 1,827 sqft |
| 2018-04-01 | 0 days | 1,886 sqft |
| 2018-05-01 | 0 days | 1,951 sqft |
| 2018-06-01 | 0 days | 1,886 sqft |
| 2018-07-01 | 0 days | 1,930 sqft |
| 2018-08-01 | 0 days | 1,926 sqft |
| 2018-09-01 | 0 days | 1,888 sqft |
| 2018-10-01 | 0 days | 1,835 sqft |
| 2018-11-01 | 0 days | 1,894 sqft |
| 2018-12-01 | 0 days | 1,875 sqft |
| 2019-01-01 | 0 days | 2,002 sqft |
| 2019-02-01 | 0 days | 2,028 sqft |
| 2019-03-01 | 0 days | 2,036 sqft |
| 2019-04-01 | 0 days | 1,964 sqft |
| 2019-05-01 | 0 days | 2,122 sqft |
| 2019-06-01 | 0 days | 1,972 sqft |
| 2019-07-01 | 0 days | 1,939 sqft |
| 2019-08-01 | 0 days | 1,920 sqft |
| 2019-09-01 | 0 days | 1,842 sqft |
| 2019-10-01 | 0 days | 1,799 sqft |
| 2019-11-01 | 0 days | 1,850 sqft |
| 2019-12-01 | 0 days | 1,954 sqft |
| 2020-01-01 | 0 days | 1,811 sqft |
| 2020-02-01 | 0 days | 1,840 sqft |
| 2020-03-01 | 0 days | 1,816 sqft |
| 2020-04-01 | 0 days | 1,846 sqft |
| 2020-05-01 | 0 days | 1,870 sqft |
| 2020-06-01 | 0 days | 1,893 sqft |
| 2020-07-01 | 0 days | 1,841 sqft |
| 2020-08-01 | 0 days | 1,828 sqft |
| 2020-09-01 | 0 days | 1,812 sqft |
| 2020-10-01 | 0 days | 1,782 sqft |
| 2020-11-01 | 0 days | 1,664 sqft |
| 2020-12-01 | 0 days | 1,562 sqft |
| 2021-01-01 | 0 days | 1,586 sqft |
| 2021-02-01 | 0 days | 1,541 sqft |
| 2021-03-01 | 0 days | 1,598 sqft |
| 2021-04-01 | 0 days | 1,654 sqft |
| 2021-05-01 | 0 days | 1,624 sqft |
| 2021-06-01 | 0 days | 1,757 sqft |
| 2021-07-01 | 0 days | 1,772 sqft |
| 2021-08-01 | 0 days | 1,670 sqft |
| 2021-09-01 | 0 days | 1,699 sqft |
| 2021-10-01 | 0 days | 1,800 sqft |
| 2021-11-01 | 0 days | 1,673 sqft |
| 2021-12-01 | 0 days | 1,804 sqft |
| 2022-01-01 | 0 days | 1,827 sqft |
| 2022-02-01 | 0 days | 1,759 sqft |
| 2022-03-01 | 0 days | 1,805 sqft |
| 2022-04-01 | 0 days | 1,747 sqft |
| 2022-05-01 | 0 days | 1,666 sqft |
| 2022-06-01 | 0 days | 1,530 sqft |
| 2022-07-01 | 0 days | 1,500 sqft |
| 2022-08-01 | 0 days | 1,538 sqft |
| 2022-09-01 | 0 days | 1,558 sqft |
| 2022-10-01 | 0 days | 1,549 sqft |
| 2022-11-01 | 0 days | 1,604 sqft |
| 2022-12-01 | 0 days | 1,604 sqft |
| 2023-01-01 | 0 days | 1,623 sqft |
| 2023-02-01 | 0 days | 1,598 sqft |
| 2023-03-01 | 0 days | 1,631 sqft |
| 2023-04-01 | 0 days | 1,575 sqft |
| 2023-05-01 | 0 days | 1,582 sqft |
| 2023-06-01 | 0 days | 1,558 sqft |
| 2023-07-01 | 0 days | 1,583 sqft |
| 2023-08-01 | 0 days | 1,655 sqft |
| 2023-09-01 | 0 days | 1,666 sqft |
| 2023-10-01 | 0 days | 1,669 sqft |
Shelby's median listing age (time on market) for 2023-10-01 was 0 days.
Shelby's median square footage for active listings during the 2023-10-01 period was 1,669 sqft. One year prior, the average listing was 1,549 sqft.
Shelby's median square footage for active listings during the 2023-10-01 period was 1,669 sqft. One year prior, the average listing was 1,549 sqft.
Shelby, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,274 | $290,520,000 | $228,038 |
| Cash Out Refi | 502 | $90,510,000 | $180,299 |
| Refi | 418 | $60,650,000 | $145,096 |
| Home Improvement | 236 | $20,760,000 | $87,966 |
| Other | 225 | $19,065,000 | $84,733 |
| NA | 1 | $5,615,000 | $5,615,000 |
Shelby's most frequently cited loan purpose was Home Purchase, with 1,274 originations. The 2nd most popular reason was Cash Out Refi, with 502 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 750 | $130,320,000 | $173,760 |
| 5-6% | 604 | $127,680,000 | $211,391 |
| 4-5% | 557 | $107,965,000 | $193,833 |
| 6-7% | 262 | $54,820,000 | $209,237 |
| 2.5-3% | 220 | $31,290,000 | $142,227 |
| 7-8% | 106 | $17,040,000 | $160,755 |
| Over 8% | 74 | $8,140,000 | $110,000 |
| <2.5% | 60 | $6,310,000 | $105,167 |
During 2022, Shelby's most frequently originated rate bucket was 3-4%, with 750 originations.
Loan Sizing (Shelby, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,043 | $154,885,000 | $148,500 |
| $200k-400k | 808 | $214,050,000 | $264,913 |
| $100,000 or less | 681 | $38,095,000 | $55,940 |
| $400k-600k | 92 | $42,330,000 | $460,109 |
| $600k-1000k | 22 | $15,430,000 | $701,364 |
| $Over $1MM | 10 | $22,330,000 | $2,233,000 |
Shelby's loan sizing saw the bucket of loans from $100k-200k with 1,043 originations, totaling $154,885,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,041 | $242,975,000 | $233,405 |
| 60-80% | 574 | $131,170,000 | $228,519 |
| 20-40% | 338 | $29,600,000 | $87,574 |
| 40-60% | 323 | $49,455,000 | $153,111 |
| Under 20% | 294 | $16,080,000 | $54,694 |
| Over 100% | 58 | $12,520,000 | $215,862 |
Shelby's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,041 originations, totaling $242,975,000 in origination value.