SPARTANBURG Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Spartanburg averaged
6.57%
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
6.7% and
one month ago for the week of 2024-10-03, the
average rate was 5.9%.
Spartanburg's average rate one year ago was 7.34%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.17%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Spartanburg 30 Year Fixed Rate | 2024-11-07 | 6.57% |
| Spartanburg 30 Year Fixed Rate Refi | 2024-11-07 | 7.17% |
| Spartanburg 15 Year Fixed Rate | 2024-11-07 | 5.61% |
| Spartanburg 15 Year Fixed Rate Refi | 2024-11-07 | 6.3% |
| Spartanburg 30 Year FHA | 2024-11-07 | 6.19% |
| Spartanburg 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Spartanburg 30 Year USDA | 2024-11-07 | 6.16% |
| Spartanburg 30 Year USDA Refi | 2024-11-07 | 6.68% |
| Spartanburg 30 Year VA | 2024-11-07 | 6.33% |
| Spartanburg 30 Year VA Refi | 2024-11-07 | 6.54% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within SPARTANBURG, SC.
SPARTANBURG 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 SPARTANBURG, SC 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.).
SPARTANBURG Average Closing Costs & Other Stats
SPARTANBURG, SC's 220 lenders originated 7,961
loans during 2023. The total origination value was $1,899,855,000, with an average loan value of
$238,645.
SPARTANBURG's average closing costs are $5,427.
The top SPARTANBURG lender as defined by loan originations is QUICKEN LOANS, LLC, with
193 loans originated. Their average total fees are
$6,571, which is $987
lower than the next largest lender,
NVR Mortgage Finance, Inc..
The lowest fee SPARTANBURG lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($2,963), FOUNDERS FEDERAL CREDIT UNION ($3,303), TD Bank ($3,715), HomeTrust Bank ($3,734) and Southern First Bank ($4,017).
The lowest rate SPARTANBURG lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.53%), Countybank (5.82%), LOANDEPOT.COM, LLC (5.83%), Bank of America (5.86%) and First Piedmont Federal Savings and Loan Association of Gaffney (5.86%).
SPARTANBURG, SC 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 |
|---|---|---|---|---|
| DHI MORTGAGE COMPANY, LTD. | $108,675,000 | $100,725,000 | -7.3% | 5.3% |
| NVR Mortgage Finance, Inc. | $43,310,000 | $93,680,000 | 116.3% | 4.9% |
| QUICKEN LOANS, LLC | $150,140,000 | $91,310,000 | -39.2% | 4.8% |
| First Piedmont Federal Savings and Loan Association of Gaffney | $55,440,000 | $85,485,000 | 54.2% | 4.5% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $65,800,000 | $63,080,000 | -4.1% | 3.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $76,580,000 | $62,915,000 | -17.8% | 3.3% |
| South State Bank | $32,120,000 | $53,405,000 | 66.3% | 2.8% |
| MOVEMENT MORTGAGE, LLC | $69,755,000 | $52,950,000 | -24.1% | 2.8% |
| LOANDEPOT.COM, LLC | $62,970,000 | $48,010,000 | -23.8% | 2.5% |
| First-Citizens Bank & Trust Company | $56,035,000 | $45,180,000 | -19.4% | 2.4% |
| ORIX REAL ESTATE CAPITAL, LLC | $44,155,000 | n/a | 2.3% | |
| Arbor Realty Trust, Inc. | $42,990,000 | n/a | 2.3% | |
| EASTMAN | $560,000 | $40,505,000 | 7,133.0% | 2.1% |
| FOUNDERS FEDERAL CREDIT UNION | $88,010,000 | $40,300,000 | -54.2% | 2.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $61,925,000 | $37,940,000 | -38.7% | 2.0% |
| Mortgage Research Center, LLC | $35,980,000 | $33,485,000 | -6.9% | 1.8% |
| Sierra Pacific Mortgage Company, Inc. | $26,935,000 | $30,915,000 | 14.8% | 1.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $23,175,000 | $25,745,000 | 11.1% | 1.4% |
| Truist | $36,950,000 | $25,060,000 | -32.2% | 1.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $41,175,000 | $23,385,000 | -43.2% | 1.2% |
| American Mortgage & Equity Consultants, Inc. | $22,425,000 | n/a | 1.2% | |
| Synovus Bank | $8,155,000 | $21,570,000 | 164.5% | 1.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $18,005,000 | $21,430,000 | 19.0% | 1.1% |
| FREEDOM MORTGAGE CORPORATION | $29,345,000 | $16,915,000 | -42.4% | 0.9% |
| NAVY FEDERAL CREDIT UNION | $14,845,000 | $16,375,000 | 10.3% | 0.9% |
| Bank of America | $22,810,000 | $15,755,000 | -30.9% | 0.8% |
| Southern First Bank | $28,225,000 | $14,850,000 | -47.4% | 0.8% |
| HOMESIDE FINANCIAL, LLC | $17,740,000 | $14,500,000 | -18.3% | 0.8% |
| The Park National Bank | $17,690,000 | $13,715,000 | -22.5% | 0.7% |
| First Community Bank | $20,050,000 | $13,525,000 | -32.5% | 0.7% |
| United Community Bank | $24,890,000 | $13,485,000 | -45.8% | 0.7% |
| First Heritage Mortgage, LLC | $11,280,000 | $13,415,000 | 18.9% | 0.7% |
| Renasant Bank | $18,195,000 | $13,325,000 | -26.8% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $26,205,000 | $13,050,000 | -50.2% | 0.7% |
| BROKER SOLUTIONS, INC. | $22,430,000 | $12,875,000 | -42.6% | 0.7% |
| CARDINAL FINANCIAL | $28,665,000 | $12,140,000 | -57.6% | 0.6% |
| Flagstar Bank, FSB | $34,745,000 | $12,030,000 | -65.4% | 0.6% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $13,975,000 | $11,525,000 | -17.5% | 0.6% |
| STATE EMPLOYEES' | $17,120,000 | $11,460,000 | -33.1% | 0.6% |
| Wells Fargo Bank | $52,310,000 | $11,440,000 | -78.1% | 0.6% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $17,135,000 | $11,285,000 | -34.1% | 0.6% |
| GUILD MORTGAGE COMPANY | $17,255,000 | $11,190,000 | -35.1% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $21,480,000 | $11,075,000 | -48.4% | 0.6% |
| ACOPIA, LLC | $19,515,000 | $11,015,000 | -43.6% | 0.6% |
| Ameris Bank | $23,980,000 | $10,880,000 | -54.6% | 0.6% |
| EAGLE HOME MORTGAGE, LLC | $22,825,000 | $10,680,000 | -53.2% | 0.6% |
| GUARANTEED RATE, INC. | $16,260,000 | $10,360,000 | -36.3% | 0.5% |
| Countybank | $15,065,000 | $9,625,000 | -36.1% | 0.5% |
| CPM Federal Credit Union | $8,735,000 | $9,255,000 | 6.0% | 0.5% |
| ON Q FINANCIAL, INC. | $19,990,000 | $9,060,000 | -54.7% | 0.5% |
| TD Bank | $6,885,000 | $8,730,000 | 26.8% | 0.5% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $15,080,000 | $8,660,000 | -42.6% | 0.5% |
| COREVEST AMERICAN FINANCE LENDER LLC | $8,555,000 | n/a | 0.5% | |
| CRESCENT MORTGAGE COMPANY | $7,145,000 | $8,110,000 | 13.5% | 0.4% |
| GSF Mortgage Corporation | $990,000 | $7,890,000 | 697.0% | 0.4% |
| NEWREZ LLC | $6,930,000 | $7,550,000 | 8.9% | 0.4% |
| S. C. TELCO | $10,980,000 | $7,300,000 | -33.5% | 0.4% |
| First Reliance Bank | $4,870,000 | $7,275,000 | 49.4% | 0.4% |
| Arthur State Bank | $18,970,000 | $6,735,000 | -64.5% | 0.4% |
| SOUTH CAROLINA FEDERAL CREDIT UNION | $8,320,000 | $6,595,000 | -20.7% | 0.3% |
| NFM, INC. | $10,930,000 | $6,375,000 | -41.7% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $9,375,000 | $6,255,000 | -33.3% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,555,000 | $6,075,000 | 33.4% | 0.3% |
| JPMorgan Chase Bank | $13,420,000 | $6,025,000 | -55.1% | 0.3% |
| PNC Bank | $4,320,000 | $5,940,000 | 37.5% | 0.3% |
| Citizens Building and Loan, SSB | $7,620,000 | $5,895,000 | -22.6% | 0.3% |
| Pinnacle Bank | $7,860,000 | $5,755,000 | -26.8% | 0.3% |
| RESOURCE FINANCIAL SERVICES, INC. | $5,320,000 | $5,600,000 | 5.3% | 0.3% |
| INSPIRE HOME LOANS INC. | $19,050,000 | $5,565,000 | -70.8% | 0.3% |
| GREENVILLE FEDERAL CREDIT UNION | $13,645,000 | $5,520,000 | -59.5% | 0.3% |
| HomeTrust Bank | $6,105,000 | $5,440,000 | -10.9% | 0.3% |
| UNION HOME MORTGAGE CORP. | $6,005,000 | $5,005,000 | -16.7% | 0.3% |
| Regions Bank | $5,510,000 | $4,955,000 | -10.1% | 0.3% |
| Woodruff Federal Savings and Loan Association | $4,765,000 | n/a | 0.3% | |
| USAA Federal Savings Bank | $8,005,000 | $4,410,000 | -44.9% | 0.2% |
| S. C. STATE FEDERAL CREDIT UNION | $3,025,000 | $4,305,000 | 42.3% | 0.2% |
| FBC MORTGAGE, LLC | $1,055,000 | $4,195,000 | 297.6% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $17,800,000 | $4,125,000 | -76.8% | 0.2% |
| Network Funding, L.P. | $11,255,000 | $4,080,000 | -63.7% | 0.2% |
| GENEVA FINANCIAL, LLC | $2,285,000 | $4,010,000 | 75.5% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $3,970,000 | n/a | 0.2% | |
| LENDINGHOME FUNDING CORPORATION | $5,820,000 | $3,925,000 | -32.6% | 0.2% |
| First Horizon Bank | $4,295,000 | $3,875,000 | -9.8% | 0.2% |
| NEW DAY FINANCIAL, LLC | $9,205,000 | $3,745,000 | -59.3% | 0.2% |
| Discover Bank | $2,745,000 | $3,695,000 | 34.6% | 0.2% |
| CMG MORTGAGE, INC. | $3,135,000 | $3,540,000 | 12.9% | 0.2% |
| Truliant Federal Credit Union | $3,160,000 | $3,425,000 | 8.4% | 0.2% |
| Atlantic Coast Mortgage, LLC | $2,325,000 | $3,350,000 | 44.1% | 0.2% |
| The Fidelity Bank | $1,465,000 | $3,270,000 | 123.2% | 0.2% |
| BAY EQUITY LLC | $1,770,000 | $3,250,000 | 83.6% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $985,000 | $3,240,000 | 228.9% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $1,130,000 | $3,160,000 | 179.6% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $1,280,000 | $3,115,000 | 143.4% | 0.2% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $6,830,000 | $3,070,000 | -55.1% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $4,145,000 | $3,055,000 | -26.3% | 0.2% |
| NBKC BANK | $1,735,000 | $3,035,000 | 74.9% | 0.2% |
| First Bank | $2,965,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $9,610,000 | $2,955,000 | -69.3% | 0.2% |
| American Security Mortgage Corp. | $1,170,000 | $2,880,000 | 146.2% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $1,215,000 | $2,820,000 | 132.1% | 0.1% |
| Alcova Mortgage LLC | $7,235,000 | $2,755,000 | -61.9% | 0.1% |
| LIMA ONE CAPITAL, LLC | $2,645,000 | $2,705,000 | 2.3% | 0.1% |
| AgFirst Farm Credit Bank | $7,410,000 | $2,680,000 | -63.8% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $4,065,000 | $2,530,000 | -37.8% | 0.1% |
| Dollar Bank, Federal Savings Bank | $2,125,000 | $2,510,000 | 18.1% | 0.1% |
| The Huntington National Bank | $720,000 | $2,455,000 | 241.0% | 0.1% |
| United Bank | $3,335,000 | $2,450,000 | -26.5% | 0.1% |
| 21ST MORTGAGE CORPORATION | $2,115,000 | $2,445,000 | 15.6% | 0.1% |
| MIDLAND MORTGAGE CORPORATION | $1,980,000 | $2,425,000 | 22.5% | 0.1% |
| Equity Prime Mortgage LLC | $3,710,000 | $2,410,000 | -35.0% | 0.1% |
| Citizens Bank | $1,105,000 | $2,400,000 | 117.2% | 0.1% |
| LENDINGONE, LLC | $270,000 | $2,395,000 | 787.0% | 0.1% |
| The Loan Store, Inc. | $2,395,000 | n/a | 0.1% | |
| Nations Lending Corporation | $3,835,000 | $2,390,000 | -37.7% | 0.1% |
| First Federal Bank | $1,850,000 | $2,375,000 | 28.4% | 0.1% |
| First Palmetto Bank | $4,550,000 | $2,365,000 | -48.0% | 0.1% |
| EVERETT FINANCIAL, INC. | $4,195,000 | $2,355,000 | -43.9% | 0.1% |
| LOANPAL, LLC | $6,100,000 | $2,210,000 | -63.8% | 0.1% |
| U.S. Bank | $4,960,000 | $2,195,000 | -55.7% | 0.1% |
| Presidential Bank, FSB | $2,185,000 | n/a | 0.1% | |
| HOMEXPRESS MORTGAGE CORP. | $1,300,000 | $2,175,000 | 67.3% | 0.1% |
| Fifth Third Bank | $2,460,000 | $2,110,000 | -14.2% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $3,595,000 | $2,105,000 | -41.4% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,305,000 | $2,095,000 | 60.5% | 0.1% |
| Bank of Travelers Rest | $2,410,000 | $2,050,000 | -14.9% | 0.1% |
| DELMAR FINANCIAL COMPANY | $2,035,000 | n/a | 0.1% | |
| Morgan Stanley Private Bank | $2,020,000 | n/a | 0.1% | |
| Plains Commerce Bank | $1,945,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $4,375,000 | $1,940,000 | -55.7% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $695,000 | $1,860,000 | 167.6% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $7,680,000 | $1,860,000 | -75.8% | 0.1% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $1,855,000 | n/a | 0.1% | |
| MICHIGAN MUTUAL, INC. | $1,855,000 | n/a | 0.1% | |
| THRIVE MORTGAGE, LLC | $530,000 | $1,795,000 | 238.7% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $2,010,000 | $1,745,000 | -13.2% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $2,910,000 | $1,745,000 | -40.0% | 0.1% |
| Mortgage Assurance Inc. | $1,450,000 | $1,670,000 | 15.2% | 0.1% |
| SUMMIT FUNDING, INC. | $6,420,000 | $1,635,000 | -74.5% | 0.1% |
| TOWNE MORTGAGE COMPANY | $3,970,000 | $1,605,000 | -59.6% | 0.1% |
| Ukrainian Federal Credit Union | $1,870,000 | $1,585,000 | -15.2% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $3,725,000 | $1,535,000 | -58.8% | 0.1% |
| Princeton Mortgage Corporation | $1,880,000 | $1,475,000 | -21.5% | 0.1% |
| Northpointe Bank | $2,810,000 | $1,460,000 | -48.0% | 0.1% |
| PLANET HOME LENDING, LLC | $505,000 | $1,445,000 | 186.1% | 0.1% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $4,320,000 | $1,375,000 | -68.2% | 0.1% |
| GMFS LLC | $175,000 | $1,370,000 | 682.9% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $1,370,000 | n/a | 0.1% | |
| Southern Bank | $1,365,000 | n/a | 0.1% | |
| Community First Bank, Inc. | $555,000 | $1,305,000 | 135.1% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,565,000 | $1,295,000 | -17.3% | 0.1% |
| MTC Federal Credit Union | $1,825,000 | $1,285,000 | -29.6% | 0.1% |
| STOCKTON MORTGAGE CORPORATION | $1,250,000 | n/a | 0.1% | |
| Magnolia Bank | $2,260,000 | $1,220,000 | -46.0% | 0.1% |
| BETTER MORTGAGE CORPORATION | $5,320,000 | $1,170,000 | -78.0% | 0.1% |
| UNITED | $285,000 | $1,165,000 | 308.8% | 0.1% |
| First National Bank of Pennsylvania | $1,615,000 | $1,145,000 | -29.1% | 0.1% |
| KELLER MORTGAGE, LLC | $6,875,000 | $1,145,000 | -83.3% | 0.1% |
| Citadel Servicing Corporation | $580,000 | $1,140,000 | 96.6% | 0.1% |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $360,000 | $1,130,000 | 213.9% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $605,000 | $1,100,000 | 81.8% | 0.1% |
| Commerce Home Mortgage, Inc. | $1,555,000 | $1,065,000 | -31.5% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $435,000 | $1,055,000 | 142.5% | 0.1% |
| Waterstone Mortgage Corporation | $685,000 | $1,055,000 | 54.0% | 0.1% |
| RAPID MORTGAGE COMPANY | $1,810,000 | $1,045,000 | -42.3% | 0.1% |
| AmeriHome Mortgage Company, LLC | $1,180,000 | $1,010,000 | -14.4% | 0.1% |
| Kwik Mortgage Corporation | $275,000 | $985,000 | 258.2% | 0.1% |
| Ally Bank | $6,210,000 | $980,000 | -84.2% | 0.1% |
| Blue Ridge Bank | $1,850,000 | $975,000 | -47.3% | 0.1% |
| CONTOUR MORTGAGE CORPORATION | $3,060,000 | $920,000 | -69.9% | 0.0% |
| Prosperity Home Mortgage, LLC | $225,000 | $915,000 | 306.7% | 0.0% |
| FineMark National Bank & Trust | $900,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $2,215,000 | $880,000 | -60.3% | 0.0% |
| The Federal Savings Bank | $2,480,000 | $875,000 | -64.7% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $930,000 | $855,000 | -8.1% | 0.0% |
| EMM LOANS LLC | $400,000 | $850,000 | 112.5% | 0.0% |
| 1ST SIGNATURE LENDING, LLC | $360,000 | $840,000 | 133.3% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $290,000 | $840,000 | 189.7% | 0.0% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $830,000 | n/a | 0.0% | |
| OCMBC, INC. | $1,840,000 | $830,000 | -54.9% | 0.0% |
| Carter Bank & Trust | $24,005,000 | $815,000 | -96.6% | 0.0% |
| MILEND, INC. | $135,000 | $790,000 | 485.2% | 0.0% |
| GoPrime Mortgage, Inc. | $610,000 | $785,000 | 28.7% | 0.0% |
| MORTGAGE EQUITY PARTNERS LLC | $1,065,000 | $775,000 | -27.2% | 0.0% |
| North American Savings Bank, F.S.B. | $2,000,000 | $775,000 | -61.3% | 0.0% |
| BANK OF LITTLE ROCK MORTGAGE CORPORATION | $750,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $825,000 | $735,000 | -10.9% | 0.0% |
| Coastal Carolina National Bank | $4,285,000 | $730,000 | -83.0% | 0.0% |
| CLEARPATH LENDING | $725,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $1,260,000 | $725,000 | -42.5% | 0.0% |
| UBS Bank USA | $1,110,000 | $725,000 | -34.7% | 0.0% |
| CAROLINA FOOTHILLS | $4,560,000 | $720,000 | -84.2% | 0.0% |
| BMO Harris Bank | $255,000 | $695,000 | 172.5% | 0.0% |
| ACADEMY MORTGAGE CORPORATION | $95,000 | $690,000 | 626.3% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $155,000 | $675,000 | 335.5% | 0.0% |
| SPRING EQ, LLC | $910,000 | $670,000 | -26.4% | 0.0% |
| NATION ONE MORTGAGE CORPORATION | $650,000 | n/a | 0.0% | |
| Figure Lending LLC | $645,000 | n/a | 0.0% | |
| MORTGAGEONE, INC. | $175,000 | $645,000 | 268.6% | 0.0% |
| INTERLINC MORTGAGE SERVICES, LLC | $1,165,000 | $640,000 | -45.1% | 0.0% |
| RESIDENTIAL BANCORP | $1,005,000 | $635,000 | -36.8% | 0.0% |
| CALIBER HOME LOANS, INC. | $21,545,000 | $630,000 | -97.1% | 0.0% |
| FLAT BRANCH MORTGAGE, INC. | $620,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $730,000 | $610,000 | -16.4% | 0.0% |
| RADIUS FINANCIAL GROUP INC. | $655,000 | $610,000 | -6.9% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $375,000 | $605,000 | 61.3% | 0.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,670,000 | $600,000 | -64.1% | 0.0% |
| TIDEWATER MORTGAGE SERVICES, INC. | $525,000 | $595,000 | 13.3% | 0.0% |
| DIRECT MORTGAGE LOANS, LLC | $800,000 | $590,000 | -26.3% | 0.0% |
| MDE Home Loans, LLC | $585,000 | n/a | 0.0% | |
| M&T Bank | $1,300,000 | $585,000 | -55.0% | 0.0% |
| HOMESTAR FINANCIAL CORPORATION | $4,870,000 | $575,000 | -88.2% | 0.0% |
| EQUITY RESOURCES, INC. | $215,000 | $560,000 | 160.5% | 0.0% |
| MORTGAGE INVESTORS GROUP, INC. | $365,000 | $560,000 | 53.4% | 0.0% |
| SAFE FEDERAL CREDIT UNION | $590,000 | $555,000 | -5.9% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $550,000 | n/a | 0.0% | |
| BAY-VALLEY MORTGAGE GROUP | $520,000 | n/a | 0.0% | |
| First Savings Bank | $3,010,000 | $520,000 | -82.7% | 0.0% |
| The Peoples Bank | $95,000 | $515,000 | 442.1% | 0.0% |
| Bell Bank | $510,000 | n/a | 0.0% | |
| PREMIA MORTGAGE, LLC | $510,000 | $510,000 | 0.0% | 0.0% |
| AMERITRUST MORTGAGE CORPORATION | $500,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $980,000 | $490,000 | -50.0% | 0.0% |
| Strong Home Mortgage, LLC | $3,090,000 | $485,000 | -84.3% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $305,000 | $480,000 | 57.4% | 0.0% |
| HOMESTEAD FUNDING CORP. | $325,000 | $480,000 | 47.7% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $735,000 | $470,000 | -36.1% | 0.0% |
| NEW FED MORTGAGE, CORP. | $105,000 | $470,000 | 347.6% | 0.0% |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $465,000 | n/a | 0.0% | |
| LEGEND LENDING CORPORATION | $460,000 | n/a | 0.0% | |
| Uwharrie Bank | $445,000 | n/a | 0.0% | |
| Atlantic Union Bank | $435,000 | n/a | 0.0% | |
| Mid-Continent Funding, Inc. | $520,000 | $435,000 | -16.3% | 0.0% |
| SWBC MORTGAGE CORPORATION | $3,005,000 | $425,000 | -85.9% | 0.0% |
| AMERICAN FINANCING CORPORATION | $1,820,000 | $420,000 | -76.9% | 0.0% |
| Palmetto Citizens Federal Credit Union | $400,000 | $410,000 | 2.5% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $380,000 | $410,000 | 7.9% | 0.0% |
| Stride Bank | $385,000 | n/a | 0.0% | |
| Ukrainian Selfreliance Federal Credit Union | $380,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $165,000 | $365,000 | 121.2% | 0.0% |
| INTERCOASTAL MORTGAGE COMPANY | $2,510,000 | $365,000 | -85.5% | 0.0% |
| POINT Mortgage | $355,000 | n/a | 0.0% | |
| Raymond James Bank | $355,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $345,000 | n/a | 0.0% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $740,000 | $345,000 | -53.4% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $2,395,000 | $340,000 | -85.8% | 0.0% |
| ALAMEDA MORTGAGE CORPORATION | $335,000 | n/a | 0.0% | |
| Northwest Bank | $540,000 | $325,000 | -39.8% | 0.0% |
| Towne Bank | $325,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $3,890,000 | $320,000 | -91.8% | 0.0% |
| Credence Funding Corporation | $315,000 | n/a | 0.0% | |
| NORTHPOINT MORTGAGE, INC. | $315,000 | n/a | 0.0% | |
| Andrew Johnson Bank | $265,000 | $305,000 | 15.1% | 0.0% |
| DIRECT MORTGAGE, CORP. | $305,000 | n/a | 0.0% | |
| NEXERA HOLDING LLC | $4,435,000 | $305,000 | -93.1% | 0.0% |
| North State Bank | $305,000 | n/a | 0.0% | |
| Peoples Bank | $305,000 | n/a | 0.0% | |
| THE EQUITABLE MORTGAGE CORPORATION | $305,000 | n/a | 0.0% | |
| Keystone Funding, Inc. | $295,000 | n/a | 0.0% | |
| NTFN, INC. | $175,000 | $295,000 | 68.6% | 0.0% |
| Deere Employees Credit Union | $1,795,000 | $290,000 | -83.8% | 0.0% |
| Bethpage Federal Credit Union | $155,000 | $285,000 | 83.9% | 0.0% |
| Integrity Home Mortgage Corp | $285,000 | n/a | 0.0% | |
| NexBank | $2,945,000 | $285,000 | -90.3% | 0.0% |
| WINGS FINANCIAL | $285,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $285,000 | n/a | 0.0% | |
| BANKSOUTH MORTGAGE COMPANY, LLC | $375,000 | $280,000 | -25.3% | 0.0% |
| AMERICAN BANCSHARES MORTGAGE | $275,000 | n/a | 0.0% | |
| Bank of England | $1,730,000 | $275,000 | -84.1% | 0.0% |
| The Commercial Bank | $275,000 | n/a | 0.0% | |
| THE MORTGAGE FIRM, INC. | $145,000 | $275,000 | 89.7% | 0.0% |
| Allen Tate Mortgage Partners, LLC | $3,655,000 | $265,000 | -92.7% | 0.0% |
| Nicolet National Bank | $265,000 | n/a | 0.0% | |
| AFFINITY | $465,000 | $255,000 | -45.2% | 0.0% |
| Assurance Financial Group, L.L.C. | $1,230,000 | $255,000 | -79.3% | 0.0% |
| 1ST 2ND MORTGAGE COMPANY OF N.J., INC. | $245,000 | n/a | 0.0% | |
| CAPITAL CENTER, L.L.C. | $5,090,000 | $245,000 | -95.2% | 0.0% |
| DAS Acquisition Company, LLC | $1,005,000 | $245,000 | -75.6% | 0.0% |
| GEORGIA UNITED | $195,000 | $245,000 | 25.6% | 0.0% |
| INTERCAP LENDING INC. | $335,000 | $245,000 | -26.9% | 0.0% |
| SIRVA MORTGAGE, INC. | $245,000 | n/a | 0.0% | |
| VAN DYK MORTGAGE CORPORATION | $245,000 | n/a | 0.0% | |
| COASTAL Federal Credit Union | $200,000 | $240,000 | 20.0% | 0.0% |
| Ixonia Bank | $225,000 | $235,000 | 4.4% | 0.0% |
| SOUTHERN TRUST MORTGAGE, LLC | $1,260,000 | $235,000 | -81.3% | 0.0% |
| A&D Mortgage LLC | $285,000 | $225,000 | -21.1% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $160,000 | $225,000 | 40.6% | 0.0% |
| FIRST HERITAGE FINANCIAL, LLC | $225,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $425,000 | $225,000 | -47.1% | 0.0% |
| Service Federal Credit Union | $225,000 | n/a | 0.0% | |
| Citibank | $660,000 | $220,000 | -66.7% | 0.0% |
| CAROLINA ONE MORTGAGE, LLC | $415,000 | $215,000 | -48.2% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $1,875,000 | $215,000 | -88.5% | 0.0% |
| Northwest Federal Credit Union | $65,000 | $215,000 | 230.8% | 0.0% |
| SeaTrust Mortgage Company | $215,000 | n/a | 0.0% | |
| South Atlantic Bank | $215,000 | n/a | 0.0% | |
| blueharbor bank | $205,000 | n/a | 0.0% | |
| Preston Home Loans Inc | $205,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $1,445,000 | $195,000 | -86.5% | 0.0% |
| LENDSURE MORTGAGE CORP. | $540,000 | $195,000 | -63.9% | 0.0% |
| MLB RESIDENTIAL LENDING, LLC | $195,000 | n/a | 0.0% | |
| TOTAL MORTGAGE SERVICES, LLC | $380,000 | $195,000 | -48.7% | 0.0% |
| FIRST MORTGAGE COMPANY, INC. | $185,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $315,000 | $185,000 | -41.3% | 0.0% |
| Boeing Employees Credit Union | $810,000 | $180,000 | -77.8% | 0.0% |
| MEMBER ADVANTAGE MORTGAGE, LLC | $550,000 | $175,000 | -68.2% | 0.0% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $235,000 | $175,000 | -25.5% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $1,735,000 | $170,000 | -90.2% | 0.0% |
| FIRST INTEGRITY MORTGAGE SERVICES, INC. | $165,000 | n/a | 0.0% | |
| First National Bank of America | $725,000 | $165,000 | -77.2% | 0.0% |
| HOME TOWN FUNDING, INC. | $895,000 | $165,000 | -81.6% | 0.0% |
| BankPlus | $155,000 | n/a | 0.0% | |
| FIRST BANCORP | $155,000 | n/a | 0.0% | |
| First National Bank Texas | $155,000 | n/a | 0.0% | |
| UTILITIES EMPLOYEES CREDIT UNION | $155,000 | n/a | 0.0% | |
| Greenville Heritage Federal Credit Union | $125,000 | $145,000 | 16.0% | 0.0% |
| ALL REVERSE MORTGAGE, INC. | $125,000 | n/a | 0.0% | |
| Park Lane Finance Solutions, LLC | $120,000 | n/a | 0.0% | |
| AMCAP MORTGAGE, LTD. | $115,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $855,000 | $115,000 | -86.5% | 0.0% |
| FAIRWINDS CREDIT UNION | $95,000 | n/a | 0.0% | |
| V.I.P. MORTGAGE, INC. | $95,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $85,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $145,000 | $55,000 | -62.1% | 0.0% |
| Baxter Credit Union | $340,000 | $55,000 | -83.8% | 0.0% |
| Connexus Credit Union | $55,000 | n/a | 0.0% | |
| GTE Federal Credit Union | $55,000 | n/a | 0.0% | |
| Houston Federal Credit Union | $55,000 | n/a | 0.0% | |
| TruHome Solutions, LLC | $135,000 | $55,000 | -59.3% | 0.0% |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $50,000 | n/a | 0.0% | |
| BankSouth | $45,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $105,000 | $45,000 | -57.1% | 0.0% |
| Tyndall Federal Credit Union | $45,000 | n/a | 0.0% | |
| DELTA COMMUNITY CREDIT UNION | $205,000 | $35,000 | -82.9% | 0.0% |
| Notre Dame Federal Credit Union Corporation | $35,000 | n/a | 0.0% | |
| PUBLIX EMPLOYEES | $195,000 | $25,000 | -87.2% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $55,000 | $25,000 | -54.5% | 0.0% |
| REV FEDERAL CREDIT UNION | $25,000 | n/a | 0.0% | |
| Clearview Federal Credit Union | $15,000 | n/a | 0.0% |
SPARTANBURG's top lender by overall market share is DHI MORTGAGE COMPANY, LTD., with 5.3% market share. In second place, with 4.9%, is NVR Mortgage Finance, Inc., having originated $93,680,000 in loans. In third place, with 4.8%, is QUICKEN LOANS, LLC, having originated $91,310,000 in loans. In fourth place, with 4.5%, is First Piedmont Federal Savings and Loan Association of Gaffney, having originated $85,485,000 in loans. In fifth place, with 3.3%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $63,080,000 in loans.
SPARTANBURG, SC Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 29301 | Spartanburg, SC MSA | $920 | $950 | $1,070 | $1,390 | $1,440 |
| 29302 | Spartanburg, SC MSA | $880 | $900 | $1,020 | $1,330 | $1,370 |
| 29303 | Spartanburg, SC MSA | $770 | $790 | $890 | $1,160 | $1,200 |
| 29304 | Spartanburg, SC MSA | $830 | $860 | $970 | $1,260 | $1,300 |
| 29305 | Spartanburg, SC MSA | $830 | $860 | $970 | $1,260 | $1,300 |
| 29306 | Spartanburg, SC MSA | $800 | $820 | $930 | $1,210 | $1,250 |
| 29307 | Spartanburg, SC MSA | $830 | $860 | $970 | $1,260 | $1,300 |
| 29316 | Spartanburg, SC MSA | $880 | $900 | $1,020 | $1,330 | $1,370 |
| 29320 | Spartanburg, SC MSA | $920 | $950 | $1,070 | $1,390 | $1,440 |
| 29322 | Spartanburg, SC MSA | $790 | $810 | $920 | $1,200 | $1,430 |
| 29323 | Spartanburg, SC MSA | $710 | $730 | $820 | $1,070 | $1,100 |
| 29324 | Spartanburg, SC MSA | $830 | $860 | $970 | $1,260 | $1,300 |
| 29329 | Spartanburg, SC MSA | $830 | $860 | $970 | $1,260 | $1,300 |
| 29330 | Spartanburg, SC MSA | $750 | $770 | $870 | $1,130 | $1,170 |
| 29331 | Spartanburg, SC MSA | $830 | $860 | $970 | $1,260 | $1,300 |
| 29333 | Spartanburg, SC MSA | $810 | $840 | $940 | $1,230 | $1,270 |
| 29334 | Spartanburg, SC MSA | $1,000 | $1,030 | $1,160 | $1,510 | $1,560 |
| 29335 | Spartanburg, SC MSA | $680 | $700 | $840 | $1,060 | $1,130 |
| 29336 | Spartanburg, SC MSA | $830 | $860 | $970 | $1,260 | $1,300 |
| 29338 | Spartanburg, SC MSA | $850 | $880 | $990 | $1,290 | $1,330 |
| 29346 | Spartanburg, SC MSA | $740 | $760 | $860 | $1,120 | $1,160 |
| 29349 | Spartanburg, SC MSA | $850 | $880 | $990 | $1,290 | $1,330 |
| 29356 | Spartanburg, SC MSA | $710 | $790 | $900 | $1,170 | $1,430 |
| 29365 | Spartanburg, SC MSA | $950 | $980 | $1,110 | $1,440 | $1,490 |
| 29368 | Spartanburg, SC MSA | $730 | $750 | $840 | $1,100 | $1,130 |
| 29369 | Spartanburg, SC MSA | $980 | $1,010 | $1,140 | $1,480 | $1,530 |
| 29372 | Spartanburg, SC MSA | $670 | $690 | $780 | $1,030 | $1,060 |
| 29373 | Spartanburg, SC MSA | $690 | $710 | $800 | $1,040 | $1,080 |
| 29374 | Spartanburg, SC MSA | $760 | $780 | $880 | $1,140 | $1,180 |
| 29375 | Spartanburg, SC MSA | $840 | $870 | $980 | $1,270 | $1,320 |
| 29376 | Spartanburg, SC MSA | $870 | $890 | $1,010 | $1,310 | $1,360 |
| 29377 | Spartanburg, SC MSA | $670 | $690 | $780 | $1,030 | $1,060 |
| 29378 | Spartanburg, SC MSA | $920 | $950 | $1,070 | $1,390 | $1,440 |
| 29385 | Spartanburg, SC MSA | $820 | $840 | $950 | $1,230 | $1,280 |
| 29388 | Spartanburg, SC MSA | $670 | $690 | $780 | $1,030 | $1,060 |
| 29645 | Spartanburg, SC MSA | $670 | $690 | $890 | $1,090 | $1,200 |
| 29650 | Spartanburg, SC MSA | $1,040 | $1,120 | $1,270 | $1,620 | $1,970 |
| 29651 | Spartanburg, SC MSA | $810 | $860 | $970 | $1,250 | $1,430 |
2022 Average & Median Rent Data Statistics
SPARTANBURG, SC average 1BR rent: $843, median: $860
SPARTANBURG, SC average 2BR rent: $956, median: $970
SPARTANBURG, SC average 3BR rent: $1,241, median: $1,260
SPARTANBURG, SC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 5,372 | $1,456,430,000 | $271,115 |
| Cash Out Refi | 860 | $180,830,000 | $210,267 |
| Other | 784 | $75,030,000 | $95,702 |
| Home Improvement | 591 | $95,165,000 | $161,024 |
| Refi | 352 | $91,720,000 | $260,568 |
| NA | 2 | $680,000 | $340,000 |
Spartanburg's most frequently cited loan purpose was Home Purchase, with 5,372 originations. The 2nd most popular reason was Cash Out Refi, with 860 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 2,882 | $699,110,000 | $242,578 |
| 5-6% | 1,739 | $472,175,000 | $271,521 |
| 7-8% | 1,569 | $441,185,000 | $281,189 |
| Over 8% | 1,084 | $120,680,000 | $111,328 |
| 4-5% | 364 | $88,720,000 | $243,736 |
| <2.5% | 111 | $45,375,000 | $408,784 |
| 3-4% | 18 | $2,000,000 | $111,111 |
| 2.5-3% | 6 | $1,020,000 | $170,000 |
During 2023, Spartanburg's most frequently originated rate bucket was 6-7%, with 2,882 originations.
Loan Sizing (SPARTANBURG, SC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 3,667 | $994,585,000 | $271,226 |
| $100k-200k | 2,219 | $339,385,000 | $152,945 |
| $100,000 or less | 1,559 | $86,015,000 | $55,173 |
| $400k-600k | 387 | $181,215,000 | $468,256 |
| $600k-1000k | 97 | $69,585,000 | $717,371 |
| $Over $1MM | 32 | $229,070,000 | $7,158,438 |
SPARTANBURG's loan sizing saw the bucket of loans from $200k-400k with 3,667 originations, totaling $994,585,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 3,737 | $1,001,355,000 | $267,957 |
| 60-80% | 1,589 | $449,425,000 | $282,835 |
| 20-40% | 839 | $88,775,000 | $105,810 |
| Under 20% | 830 | $39,070,000 | $47,072 |
| 40-60% | 648 | $204,240,000 | $315,185 |
| Over 100% | 132 | $85,110,000 | $644,773 |
SPARTANBURG's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,737 originations, totaling $1,001,355,000 in origination value.