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.).
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.
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.
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.
