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 6.86% for the week of 2024-05-09, compared to the national average of 7.09% for the same period.

The average rate for the prior week (2024-05-02) was 6.79% and one month ago for the week of 2024-04-04, the average rate was 6.69%.

Shelby's average rate one year ago was 6.16%.

For refis of the same type during the week of 2024-05-09, the average rate was 7.73%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-05-09 7.09%
Shelby 30 Year Fixed Rate 2024-05-09 6.86%
Shelby 30 Year Fixed Rate Refi 2024-05-09 7.73%
Shelby 15 Year Fixed Rate 2024-05-09 6.38%
Shelby 15 Year Fixed Rate Refi 2024-05-09 6.68%
Shelby 30 Year FHA 2024-05-09 6.79%
Shelby 30 Year FHA Refi 2024-05-09 6.89%
Shelby 30 Year USDA 2024-05-09 6.69%
Shelby 30 Year USDA Refi 2024-05-09 6.99%
Shelby 30 Year VA 2024-05-09 6.88%
Shelby 30 Year VA Refi 2024-05-09 6.79%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
STATE EMPLOYEES' 115 5.98% $4,036
QUICKEN LOANS, LLC 52 6.93% $6,229
MOVEMENT MORTGAGE, LLC 41 6.73% $4,938
ON Q FINANCIAL, INC. 25 6.72% $6,647
LOCAL GOVERNMENT FEDERAL CREDIT UNION 21 5.79% $4,084
Truist 20 6.49% $4,489
VANDERBILT MORTGAGE AND FINANCE, INC. 17 7.95% $6,484
HomeTrust Bank 17 6.38% $4,106
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 17 7.04% $5,951
The Fidelity Bank 15 6.73% $5,680
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 12 7.21% $6,080
Blue Ridge Bank 9 6.94% $6,222
American Security Mortgage Corp. 8 6.61% $4,975
Mr. Cooper ( Nationstar Mortgage ) 8 6.48% $5,611
FOUNDERS FEDERAL CREDIT UNION 7 6.46% $3,961
LATINO COMMUNITY CREDIT UNION 6 6.79% $4,096
LOANDEPOT.COM, LLC 6 6.89% $2,713
Truliant Federal Credit Union 6 6.52% $3,961
Fifth Third Bank 5 6.75% $4,149
HOMESTAR FINANCIAL CORPORATION 5 6.65% $7,572
Wells Fargo Bank 5 6.48% $6,177
GoPrime Mortgage, Inc. 5 6.65% $8,052
PENNYMAC LOAN SERVICES, LLC 4 6.56% $6,907
UNITED WHOLESALE MORTGAGE, LLC 4 6.21% $6,863
South State Bank 4 6.47% $5,228
RELIANCE FIRST CAPITAL, LLC 4 6.81% $4,393
FBC MORTGAGE, LLC 4 6.78% $6,347
JPMorgan Chase Bank 4 6.37% $2,046
INSPIRE HOME LOANS INC. 4 5.75% $3,495
Regions Bank 3 7.00% $4,007
Ally Bank 3 6.71% $6,503
CHARLOTTE METRO FEDERAL CREDIT UNION 3 6.19% $6,052
C & F Mortgage Corporation 3 7.13% $5,298
AgFirst Farm Credit Bank 3 6.92% $6,882
ZILLOW HOME LOANS, LLC 3 6.54% $7,042
Mortgage Research Center, LLC 3 7.00% $5,713
UNION HOME MORTGAGE CORP. 3 7.08% $8,128
Atlantic Coast Mortgage, LLC 3 6.75% $4,852
AMERICAN FINANCIAL NETWORK, INC. 3 6.92% $4,367
ACADEMY MORTGAGE CORPORATION 3 6.88% $7,827
DIRECT MORTGAGE LOANS, LLC 3 6.75% $9,047
CROSSCOUNTRY MORTGAGE, LLC 3 6.79% $8,310
HOWARD HANNA FINANCIAL SERVICES, INC. 2 6.19% $3,382
Bank OZK 2 6.50% $3,737
First-Citizens Bank & Trust Company 2 7.23% $6,221
First Federal Bank 2 7.00% $4,621
GUARANTEED RATE, INC. 2 7.28% $4,690
GUILD MORTGAGE COMPANY 2 7.44% $6,119
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.69% $5,026
NAVY FEDERAL CREDIT UNION 2 5.81% $2,620
NEWREZ LLC 2 6.81% $3,093
RAPID MORTGAGE COMPANY 2 6.88% $6,915
ROYAL UNITED MORTGAGE LLC 2 7.50% $7,836
TD Bank 2 6.13% $4,803
F & M BANK CORP. 1 7.00% $2,998
KeyBank 1 5.25% $2,285
Kwik Mortgage Corporation 1 6.25% $9,251
LAKEVIEW LOAN SERVICING, LLC 1 6.88% $4,856
Flagstar Bank, FSB 1 6.11% $4,512
First Palmetto Bank 1 7.38% $3,558
First National Bank of Pennsylvania 1 6.00% $5,812
MICHIGAN MUTUAL, INC. 1 5.99% $6,871
Morgan Stanley Private Bank 1 6.80% $3,451
First Horizon Bank 1 5.25% $3,784
First Bank 1 6.38% $4,257
Evolve Bank & Trust 1 6.88% $3,899
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.88% $6,177
USAA Federal Savings Bank 1 5.88% $8,894
North American Savings Bank, F.S.B. 1 5.63% $7,998
Northwest Federal Credit Union 1 6.00% $3,019
NTFN, INC. 1 6.88% $3,561
EVERETT FINANCIAL, INC. 1 7.50% $9,421
EMBRACE HOME LOANS, INC. 1 7.38% $4,633
Peoples Bank 1 7.63% $4,869
Plains Commerce Bank 1 7.38% $6,712
PNC Bank 1 7.63% $5,202
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.13% $7,869
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.63% $8,866
Prosperity Bank 1 6.75% $3,752
PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.63% $3,312
CORNERSTONE HOME LENDING, INC. 1 6.25% $5,803
ALLIED MORTGAGE GROUP, INC. 1 6.13% $3,124
COASTAL Federal Credit Union 1 7.00% $3,971
Citizens Bank 1 6.75% $9,945
Alcova Mortgage LLC 1 6.88% $5,087
SeaTrust Mortgage Company 1 6.38% $7,502
ServisFirst Bank 1 7.75% $3,145
Southern Bank and Trust Company 1 6.50% $3,553
Carrington Mortgage Services, LLC 1 5.88% $4,852
CAPITAL CENTER, L.L.C. 1 7.88% $2,990
T2 FINANCIAL LLC 1 6.00% $5,469
ACOPIA, LLC 1 6.75% $12,874
CALIBER HOME LOANS, INC. 1 7.13% $3,874
The Loan Store, Inc. 1 7.13% $6,718
CALCON MUTUAL MORTGAGE LLC 1 7.63% $7,814
BETTER MORTGAGE CORPORATION 1 6.13% $8,610
Bank of America 1 5.00% $600
United Community Bank 1 6.38% $3,376
HOMESIDE FINANCIAL, LLC 1 7.63% $3,474
GUARANTEED RATE AFFINITY, LLC 1 7.50% $5,753
FREEDOM MORTGAGE CORPORATION 1 6.25% $5,161
FORT FINANCIAL Federal Credit Union 1 5.75% $3,087
Integrity Home Mortgage Corp 1 7.25% $3,882

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 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 (4.1%) $197,484 (6.8%) 0.00 252
2018-02-01 $163,495 (18.6%) $210,525 (12.6%) 0.00 250
2018-03-01 $166,495 (19.8%) $213,179 (11.0%) 0.00 237
2018-04-01 $180,825 (30.1%) $221,941 (11.2%) 0.00 232
2018-05-01 $177,493 (26.9%) $230,676 (11.9%) 0.00 266
2018-06-01 $174,490 (22.0%) $229,165 (12.3%) 0.00 272
2018-07-01 $179,320 (31.3%) $236,149 (21.2%) 0.00 279
2018-08-01 $172,450 (24.1%) $236,479 (18.4%) 0.00 269
2018-09-01 $169,950 (25.9%) $234,681 (21.2%) 0.00 261
2018-10-01 $167,500 (19.7%) $232,033 (18.6%) 0.00 253
2018-11-01 $175,873 (26.1%) $241,135 (22.2%) 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 $197,714 (18.8%) $258,647 (21.3%) 0.00 180
2019-04-01 $187,950 (3.9%) $249,218 (12.3%) 0.00 174
2019-05-01 $218,400 (23.1%) $265,960 (15.3%) 0.00 171
2019-06-01 $212,000 (21.5%) $277,072 (20.9%) 0.00 173
2019-07-01 $209,900 (17.1%) $283,577 (20.1%) 0.00 174
2019-08-01 $202,264 (17.3%) $278,160 (17.6%) 0.00 176
2019-09-01 $190,809 (12.3%) $265,964 (13.3%) 0.00 186
2019-10-01 $181,900 (8.6%) $256,755 (10.7%) 0.00 195
2019-11-01 $189,900 (8.0%) $257,808 (6.9%) 0.00 184
2019-12-01 $189,900 (8.5%) $256,685 (6.4%) 0.00 172
2020-01-01 $185,650 (1.2%) $248,708 (-1.4%) 0.00 164
2020-02-01 $189,799 (-1.3%) $257,931 (1.4%) 0.00 156
2020-03-01 $214,950 (8.7%) $268,145 (3.7%) 0.00 146
2020-04-01 $220,675 (17.4%) $268,026 (7.6%) 0.00 125
2020-05-01 $222,900 (2.1%) $272,321 (2.4%) 0.00 131
2020-06-01 $220,150 (3.8%) $260,284 (-6.1%) 0.00 108
2020-07-01 $223,650 (6.6%) $286,893 (1.2%) 0.00 90
2020-08-01 $219,900 (8.7%) $283,423 (1.9%) 0.00 78
2020-09-01 $224,400 (17.6%) $319,136 (20.0%) 0.00 83
2020-10-01 $230,000 (26.4%) $314,148 (22.4%) 0.00 88
2020-11-01 $207,250 (9.1%) $280,946 (9.0%) 0.00 89
2020-12-01 $188,750 (-0.6%) $249,565 (-2.8%) 0.00 92
2021-01-01 $200,000 (7.7%) $258,627 (4.0%) 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 (2.8%) $320,415 (11.7%) 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%) $381,350 (-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
2023-11-01 $290,500 (16.2%) $373,343 (10.2%) 0.00 217
2023-12-01 $289,900 (17.9%) $373,975 (8.8%) 0.00 226
2024-01-01 $289,949 (9.0%) $370,172 (5.6%) 0.00 234
2024-02-01 $288,075 (8.7%) $361,099 (1.7%) 0.00 231
2024-03-01 $285,000 (0.0%) $350,916 (-8.5%) 0.00 221
2024-04-01 $296,450 (4.0%) $342,834 (-8.4%) 0.00 227
Shelby's median listing price for 2024-04-01 was $296,450, a difference of $11,450 (4.0%) versus the prior year and $11,450 versus the prior month.

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

Shelby's average listing price for 2024-04-01 was $342,834, a difference of $-31,536 (-8.4%) versus the prior year and $-8,082 versus the prior month.

For the 2024-04-01 period, Shelby had 227 MLS listings, a difference of 6 listings (3%) versus the prior month and 71 listings (46%) 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 1,934 sqft
2018-08-01 0 days 1,926 sqft
2018-09-01 0 days 1,881 sqft
2018-10-01 0 days 1,830 sqft
2018-11-01 0 days 1,888 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 2,038 sqft
2019-04-01 0 days 1,972 sqft
2019-05-01 0 days 2,149 sqft
2019-06-01 0 days 1,972 sqft
2019-07-01 0 days 1,927 sqft
2019-08-01 0 days 1,919 sqft
2019-09-01 0 days 1,841 sqft
2019-10-01 0 days 1,797 sqft
2019-11-01 0 days 1,840 sqft
2019-12-01 0 days 1,932 sqft
2020-01-01 0 days 1,802 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 1,866 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 1,570 sqft
2021-01-01 0 days 1,587 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 1,744 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 1,571 sqft
2023-06-01 0 days 1,556 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
2023-11-01 0 days 1,679 sqft
2023-12-01 0 days 1,679 sqft
2024-01-01 0 days 1,692 sqft
2024-02-01 0 days 1,679 sqft
2024-03-01 0 days 1,679 sqft
2024-04-01 0 days 1,765 sqft
Shelby's median listing age (time on market) for 2024-04-01 was 0 days.

Shelby's median square footage for active listings during the 2024-04-01 period was 1,765 sqft. One year prior, the average listing was 1,575 sqft.

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.