Statesboro Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Statesboro averaged
6.63%
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
6.86% and
one month ago for the week of 2024-10-03, the
average rate was 6.06%.
Statesboro's average rate one year ago was 7.8%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.29%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Statesboro 30 Year Fixed Rate | 2024-11-07 | 6.63% |
| Statesboro 30 Year Fixed Rate Refi | 2024-11-07 | 7.29% |
| Statesboro 15 Year Fixed Rate | 2024-11-07 | 6.1% |
| Statesboro 15 Year Fixed Rate Refi | 2024-11-07 | 5.9% |
| Statesboro 30 Year FHA | 2024-11-07 | 6.53% |
| Statesboro 30 Year FHA Refi | 2024-11-07 | 6.53% |
| Statesboro 30 Year USDA | 2024-11-07 | 6.58% |
| Statesboro 30 Year USDA Refi | 2024-11-07 | 6.48% |
| Statesboro 30 Year VA | 2024-11-07 | 6.32% |
| Statesboro 30 Year VA Refi | 2024-11-07 | 6.24% |
Statesboro 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 Statesboro, GA 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.).
Statesboro Average Closing Costs & Other Stats
Statesboro, GA's 84 lenders originated 1,160
loans during 2023. The total origination value was $262,280,000, with an average loan value of
$226,103.
Statesboro's average closing costs are $5,439.
The top Statesboro lender as defined by loan originations is QUICKEN LOANS, LLC, with
55 loans originated. Their average total fees are
$6,573, which is $215
lower than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee Statesboro lenders (with over 10 loans originated) are
Wells Fargo Bank ($3,890), GUARANTEED RATE, INC. ($5,619), UNITED WHOLESALE MORTGAGE, LLC ($5,827), Synovus Bank ($5,914) and QUICKEN LOANS, LLC ($6,573).
The lowest rate Statesboro lenders (with over 10 loans originated) are
Synovus Bank (6.59%), PENNYMAC LOAN SERVICES, LLC (6.69%), Wells Fargo Bank (6.75%), BROKER SOLUTIONS, INC. (6.76%) and GUARANTEED RATE, INC. (6.80%).
Statesboro, GA 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 |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $26,410,000 | $25,985,000 | -1.6% | 9.9% |
| Synovus Bank | $22,155,000 | $16,080,000 | -27.4% | 6.1% |
| MOVEMENT MORTGAGE, LLC | $9,950,000 | $13,925,000 | 39.9% | 5.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $12,560,000 | $13,650,000 | 8.7% | 5.2% |
| BROKER SOLUTIONS, INC. | $8,900,000 | $11,670,000 | 31.1% | 4.4% |
| Mortgage Research Center, LLC | $11,600,000 | $9,900,000 | -14.7% | 3.8% |
| BANKSOUTH MORTGAGE COMPANY, LLC | $11,040,000 | $8,535,000 | -22.7% | 3.3% |
| AgFirst Farm Credit Bank | $8,365,000 | $8,405,000 | 0.5% | 3.2% |
| COREVEST AMERICAN FINANCE LENDER LLC | $7,820,000 | n/a | 3.0% | |
| Renasant Bank | $19,450,000 | $7,600,000 | -60.9% | 2.9% |
| GUARANTEED RATE, INC. | $8,045,000 | $5,965,000 | -25.9% | 2.3% |
| PENNYMAC LOAN SERVICES, LLC | $3,445,000 | $5,850,000 | 69.8% | 2.2% |
| Ameris Bank | $2,460,000 | $5,815,000 | 136.4% | 2.2% |
| Morris Bank | $14,645,000 | $5,685,000 | -61.2% | 2.2% |
| Truist | $5,785,000 | $5,140,000 | -11.1% | 2.0% |
| HOMESTAR FINANCIAL CORPORATION | $6,735,000 | $3,940,000 | -41.5% | 1.5% |
| NAVY FEDERAL CREDIT UNION | $4,535,000 | $3,770,000 | -16.9% | 1.4% |
| GUILD MORTGAGE COMPANY | $2,515,000 | $3,740,000 | 48.7% | 1.4% |
| Colony Bank | $1,910,000 | $3,425,000 | 79.3% | 1.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,685,000 | $3,225,000 | 20.1% | 1.2% |
| 21ST MORTGAGE CORPORATION | $1,420,000 | $3,145,000 | 121.5% | 1.2% |
| Flagstar Bank, FSB | $1,820,000 | $2,745,000 | 50.8% | 1.0% |
| Wells Fargo Bank | $5,685,000 | $2,375,000 | -58.2% | 0.9% |
| Northpointe Bank | $1,770,000 | $2,280,000 | 28.8% | 0.9% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,265,000 | $2,270,000 | 79.4% | 0.9% |
| CBRE MULTIFAMILY CAPITAL, INC. | $2,155,000 | n/a | 0.8% | |
| GUARANTY HOME MORTGAGE CORPORATION | $13,640,000 | $2,155,000 | -84.2% | 0.8% |
| Glennville Bank | $1,350,000 | $2,125,000 | 57.4% | 0.8% |
| Regions Bank | $305,000 | $2,060,000 | 575.4% | 0.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $85,000 | $2,000,000 | 2,252.9% | 0.8% |
| AMERISAVE MORTGAGE CORPORATION | $1,875,000 | $1,795,000 | -4.3% | 0.7% |
| LOANDEPOT.COM, LLC | $5,860,000 | $1,760,000 | -70.0% | 0.7% |
| Queensborough National Bank & Trust Company | $2,755,000 | $1,695,000 | -38.5% | 0.6% |
| STOCKTON MORTGAGE CORPORATION | $1,970,000 | $1,655,000 | -16.0% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $4,160,000 | $1,455,000 | -65.0% | 0.6% |
| CARDINAL FINANCIAL | $2,320,000 | $1,360,000 | -41.4% | 0.5% |
| NFM, INC. | $1,355,000 | n/a | 0.5% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,400,000 | $1,305,000 | -6.8% | 0.5% |
| Plains Commerce Bank | $1,090,000 | $1,280,000 | 17.4% | 0.5% |
| SOUTHWEST STAGE FUNDING, LLC | $1,260,000 | n/a | 0.5% | |
| FIRST COMMUNITY MORTGAGE, INC. | $365,000 | $1,200,000 | 228.8% | 0.5% |
| PNC Bank | $405,000 | $1,165,000 | 187.7% | 0.4% |
| Carrington Mortgage Services, LLC | $1,065,000 | $1,145,000 | 7.5% | 0.4% |
| FIRST COLONY MORTGAGE CORPORATION | $1,045,000 | n/a | 0.4% | |
| LIBERTY HOME MORTGAGE CORPORATION | $1,025,000 | n/a | 0.4% | |
| Magnolia Bank | $860,000 | $980,000 | 14.0% | 0.4% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $580,000 | $980,000 | 69.0% | 0.4% |
| Equity Prime Mortgage LLC | $805,000 | $960,000 | 19.3% | 0.4% |
| CRESCENT MORTGAGE COMPANY | $1,800,000 | $945,000 | -47.5% | 0.4% |
| USAA Federal Savings Bank | $2,415,000 | $945,000 | -60.9% | 0.4% |
| MORTGAGE INVESTORS GROUP, INC. | $665,000 | $915,000 | 37.6% | 0.3% |
| CMG MORTGAGE, INC. | $870,000 | n/a | 0.3% | |
| The Federal Savings Bank | $1,500,000 | $865,000 | -42.3% | 0.3% |
| CHURCHILL MORTGAGE CORPORATION | $175,000 | $805,000 | 360.0% | 0.3% |
| Barrington Bank & Trust Company, N.A. | $430,000 | $750,000 | 74.4% | 0.3% |
| Bank of America | $905,000 | $740,000 | -18.2% | 0.3% |
| NEW DAY FINANCIAL, LLC | $1,485,000 | $730,000 | -50.8% | 0.3% |
| EMM LOANS LLC | $715,000 | n/a | 0.3% | |
| PENTAGON FEDERAL CREDIT UNION | $555,000 | $715,000 | 28.8% | 0.3% |
| The Central Trust Bank | $690,000 | n/a | 0.3% | |
| HOMESPIRE MORTGAGE CORPORATION | $725,000 | $685,000 | -5.5% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $1,750,000 | $660,000 | -62.3% | 0.3% |
| LENDSURE MORTGAGE CORP. | $655,000 | n/a | 0.2% | |
| COUNTRYPLACE MORTGAGE, LTD. | $595,000 | $640,000 | 7.6% | 0.2% |
| First Federal Bank, A FSB | $635,000 | n/a | 0.2% | |
| BankSouth | $1,100,000 | $630,000 | -42.7% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $630,000 | n/a | 0.2% | |
| TOWNE MORTGAGE COMPANY | $1,155,000 | $630,000 | -45.5% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $510,000 | $625,000 | 22.5% | 0.2% |
| Discover Bank | $200,000 | $615,000 | 207.5% | 0.2% |
| Nations Lending Corporation | $640,000 | $575,000 | -10.2% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $735,000 | $565,000 | -23.1% | 0.2% |
| M&T Bank | $565,000 | n/a | 0.2% | |
| DIGITAL Federal Credit Union | $560,000 | n/a | 0.2% | |
| CALIBER HOME LOANS, INC. | $625,000 | $550,000 | -12.0% | 0.2% |
| SUCCESS MORTGAGE PARTNERS, INC. | $550,000 | n/a | 0.2% | |
| SUMMIT FUNDING, INC. | $550,000 | n/a | 0.2% | |
| STATE EMPLOYEES' | $55,000 | $510,000 | 827.3% | 0.2% |
| BETTER MORTGAGE CORPORATION | $855,000 | $500,000 | -41.5% | 0.2% |
| PLANTERS FIRST BANK | $500,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $490,000 | n/a | 0.2% | |
| NEWREZ LLC | $910,000 | $470,000 | -48.4% | 0.2% |
| Willamette Valley Bank | $175,000 | $470,000 | 168.6% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $445,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $640,000 | $445,000 | -30.5% | 0.2% |
| Platinum Home Mortgage Corporation | $1,950,000 | $440,000 | -77.4% | 0.2% |
| DEEPHAVEN MORTGAGE LLC | $435,000 | n/a | 0.2% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $545,000 | $435,000 | -20.2% | 0.2% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $125,000 | $430,000 | 244.0% | 0.2% |
| GMFS LLC | $425,000 | n/a | 0.2% | |
| MILEND, INC. | $420,000 | n/a | 0.2% | |
| Citibank | $415,000 | n/a | 0.2% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $275,000 | $410,000 | 49.1% | 0.2% |
| GEORGIA UNITED | $255,000 | $410,000 | 60.8% | 0.2% |
| CSL Financial, LLC | $405,000 | n/a | 0.2% | |
| MORTGAGE EQUITY PARTNERS LLC | $405,000 | n/a | 0.2% | |
| RESIDENTIAL HOME FUNDING CORP. | $385,000 | n/a | 0.1% | |
| Atlantic Coast Mortgage, LLC | $375,000 | n/a | 0.1% | |
| UNION HOME MORTGAGE CORP. | $365,000 | n/a | 0.1% | |
| Assurance Financial Group, L.L.C. | $355,000 | n/a | 0.1% | |
| GARDNER FINANCIAL SERVICES, LTD. | $345,000 | n/a | 0.1% | |
| T2 FINANCIAL LLC | $410,000 | $345,000 | -15.9% | 0.1% |
| U.S. Bank | $280,000 | $330,000 | 17.9% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $580,000 | $325,000 | -44.0% | 0.1% |
| Pinnacle Bank | $325,000 | n/a | 0.1% | |
| JPMorgan Chase Bank | $835,000 | $320,000 | -61.7% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $315,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $390,000 | $305,000 | -21.8% | 0.1% |
| South State Bank | $370,000 | $290,000 | -21.6% | 0.1% |
| VAN DYK MORTGAGE CORPORATION | $255,000 | $285,000 | 11.8% | 0.1% |
| Guardian Bank | $215,000 | $275,000 | 27.9% | 0.1% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $460,000 | $265,000 | -42.4% | 0.1% |
| First National BK Waynesboro | $265,000 | n/a | 0.1% | |
| SOUTHERN TRUST MORTGAGE, LLC | $265,000 | n/a | 0.1% | |
| Hometown Equity Mortgage, LLC | $260,000 | n/a | 0.1% | |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $255,000 | n/a | 0.1% | |
| First-Citizens Bank & Trust Company | $255,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $245,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $245,000 | n/a | 0.1% | |
| Stifel Bank and Trust | $215,000 | $245,000 | 14.0% | 0.1% |
| EVERETT FINANCIAL, INC. | $1,305,000 | $240,000 | -81.6% | 0.1% |
| South Georgia Bank | $120,000 | $230,000 | 91.7% | 0.1% |
| AgSouth Farm Credit, ACA | $95,000 | $225,000 | 136.8% | 0.1% |
| ACOPIA, LLC | $215,000 | n/a | 0.1% | |
| Figure Lending LLC | $80,000 | $215,000 | 168.8% | 0.1% |
| Metro City Bank | $215,000 | n/a | 0.1% | |
| COCA-COLA | $205,000 | n/a | 0.1% | |
| NBKC BANK | $215,000 | $205,000 | -4.7% | 0.1% |
| Notre Dame Federal Credit Union Corporation | $205,000 | n/a | 0.1% | |
| TC FEDERAL BANK | $195,000 | $205,000 | 5.1% | 0.1% |
| AmeriHome Mortgage Company, LLC | $195,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $195,000 | n/a | 0.1% | |
| NJ LENDERS CORP. | $195,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $195,000 | n/a | 0.1% | |
| ROBINS FINANCIAL | $460,000 | $195,000 | -57.6% | 0.1% |
| COMMUNITY MORTGAGE CORPORATION | $185,000 | n/a | 0.1% | |
| MTC Federal Credit Union | $185,000 | n/a | 0.1% | |
| South Atlantic Bank | $185,000 | n/a | 0.1% | |
| V.I.P. MORTGAGE, INC. | $185,000 | n/a | 0.1% | |
| GEOVISTA | $880,000 | $180,000 | -79.5% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $425,000 | $175,000 | -58.8% | 0.1% |
| Magnolia State Bank | $135,000 | $175,000 | 29.6% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $170,000 | n/a | 0.1% | |
| Loan Simple, Inc. | $205,000 | $165,000 | -19.5% | 0.1% |
| Thomasville National Bank | $75,000 | $160,000 | 113.3% | 0.1% |
| United Community Bank | $1,115,000 | $160,000 | -85.7% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $155,000 | n/a | 0.1% | |
| Blue Ridge Bank | $1,000,000 | $145,000 | -85.5% | 0.1% |
| Citizens Bank | $185,000 | $145,000 | -21.6% | 0.1% |
| Southeastern Bank | $3,570,000 | $145,000 | -95.9% | 0.1% |
| THRIVE MORTGAGE, LLC | $145,000 | n/a | 0.1% | |
| The First, A National Banking Association | $140,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $185,000 | $140,000 | -24.3% | 0.1% |
| Bank of England | $385,000 | $135,000 | -64.9% | 0.1% |
| Peoples Bank & Trust | $135,000 | n/a | 0.1% | |
| Citadel Servicing Corporation | $125,000 | n/a | 0.0% | |
| First Savings Bank | $125,000 | n/a | 0.0% | |
| SWBC MORTGAGE CORPORATION | $665,000 | $115,000 | -82.7% | 0.0% |
| AMWEST FUNDING CORP. | $105,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $115,000 | $105,000 | -8.7% | 0.0% |
| TJC Mortgage, Inc. | $175,000 | $105,000 | -40.0% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $85,000 | n/a | 0.0% | |
| Prosperity Home Mortgage, LLC | $190,000 | $85,000 | -55.3% | 0.0% |
| Ally Bank | $205,000 | $75,000 | -63.4% | 0.0% |
| ASHLAND Credit Union | $75,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $75,000 | n/a | 0.0% | |
| Bell Bank | $65,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $630,000 | $65,000 | -89.7% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $165,000 | $65,000 | -60.6% | 0.0% |
| ALLIANT CREDIT UNION | $55,000 | $55,000 | 0.0% | 0.0% |
| WINGS FINANCIAL | $55,000 | n/a | 0.0% | |
| GEORGIA'S OWN | $285,000 | $35,000 | -87.7% | 0.0% |
Statesboro's top lender by overall market share is QUICKEN LOANS, LLC, with 9.9% market share. In second place, with 6.1%, is Synovus Bank, having originated $16,080,000 in loans. In third place, with 5.3%, is MOVEMENT MORTGAGE, LLC, having originated $13,925,000 in loans. In fourth place, with 5.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $13,650,000 in loans. In fifth place, with 4.4%, is BROKER SOLUTIONS, INC., having originated $11,670,000 in loans.
Statesboro, GA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 717 | $184,395,000 | $257,176 |
| Cash Out Refi | 151 | $29,305,000 | $194,073 |
| Refi | 135 | $34,875,000 | $258,333 |
| Other | 109 | $10,225,000 | $93,807 |
| Home Improvement | 48 | $3,480,000 | $72,500 |
Statesboro's most frequently cited loan purpose was Home Purchase, with 717 originations. The 2nd most popular reason was Cash Out Refi, with 151 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 425 | $112,345,000 | $264,341 |
| 7-8% | 291 | $65,525,000 | $225,172 |
| Over 8% | 191 | $22,045,000 | $115,419 |
| 5-6% | 156 | $46,510,000 | $298,141 |
| 4-5% | 10 | $3,800,000 | $380,000 |
| <2.5% | 4 | $40,000 | $10,000 |
| 3-4% | 3 | $355,000 | $118,333 |
| 2.5-3% | 1 | $265,000 | $265,000 |
During 2023, Statesboro's most frequently originated rate bucket was 6-7%, with 425 originations.
Loan Sizing (Statesboro, GA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 490 | $136,650,000 | $278,878 |
| $100k-200k | 325 | $48,875,000 | $150,385 |
| $100,000 or less | 239 | $13,585,000 | $56,841 |
| $400k-600k | 86 | $39,620,000 | $460,698 |
| $600k-1000k | 17 | $12,215,000 | $718,529 |
| $Over $1MM | 3 | $11,335,000 | $3,778,333 |
Statesboro's loan sizing saw the bucket of loans from $200k-400k with 490 originations, totaling $136,650,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 513 | $143,025,000 | $278,801 |
| 60-80% | 231 | $62,385,000 | $270,065 |
| 20-40% | 103 | $10,895,000 | $105,777 |
| 40-60% | 100 | $19,100,000 | $191,000 |
| Under 20% | 97 | $4,295,000 | $44,278 |
| Over 100% | 30 | $9,030,000 | $301,000 |
Statesboro's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 513 originations, totaling $143,025,000 in origination value.