Summerville Mortgage Rates
30 Year Fixed Rate mortgages in Summerville averaged
6.04%
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
5.85% and
one month ago for the week of 2022-05-26, the
average rate was 5.54%.
Summerville's average rate one year ago was 3.51%.
For refis of the same type during the week of 2022-06-30, the average rate
was 5.84%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
Summerville 30 Year Fixed Rate | 2022-06-30 | 6.04% |
Summerville 30 Year Fixed Rate Refi | 2022-06-30 | 5.84% |
Summerville 15 Year Fixed Rate | 2022-06-30 | 6.4% |
Summerville 15 Year Fixed Rate Refi | 2022-06-30 | 5.59% |
Summerville 30 Year FHA | 2022-06-30 | 5.64% |
Summerville 30 Year FHA Refi | 2022-06-30 | 5.89% |
Summerville 30 Year USDA | 2022-06-30 | 6.02% |
Summerville 30 Year USDA Refi | 2022-06-30 | 4.34% |
Summerville 30 Year VA | 2022-06-30 | 6.05% |
Summerville 30 Year VA Refi | 2022-06-30 | 5.09% |
Summerville 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 Summerville, 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.).
Summerville, GA's 56 lenders originated 516
loans during 2021. The total origination value was $75,740,000, with an average loan value of
$146,783.
The top Summerville lender as defined by loan originations is United Community Bank, with
21 loans originated. Their average total fees are
$3,695, which is $988
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Summerville lenders (with over 10 loans originated) are
United Community Bank ($3,695), QUICKEN LOANS, LLC ($4,683), FirstBank ($5,021), .
The lowest rate Summerville lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (3.05%), FirstBank (3.31%), United Community Bank (3.35%), .
Summerville, GA 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 |
---|---|---|---|---|
United Community Bank | $15,600,000 | $10,020,000 | -35.8% | 13.2% |
QUICKEN LOANS, LLC | $5,780,000 | $9,390,000 | 62.5% | 12.4% |
FirstBank | $5,825,000 | $6,855,000 | 17.7% | 9.1% |
HOMESTAR FINANCIAL CORPORATION | $1,365,000 | $3,220,000 | 135.9% | 4.3% |
Regions Bank | $1,890,000 | $2,120,000 | 12.2% | 2.8% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $970,000 | $2,090,000 | 115.5% | 2.8% |
The Bank of LaFayette, Georgia | $685,000 | $1,845,000 | 169.3% | 2.4% |
LOANDEPOT.COM, LLC | $1,480,000 | $1,630,000 | 10.1% | 2.2% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $730,000 | $1,610,000 | 120.5% | 2.1% |
Truist Bank | $1,160,000 | $1,590,000 | 37.1% | 2.1% |
FREEDOM MORTGAGE CORPORATION | $1,655,000 | $1,535,000 | -7.3% | 2.0% |
AMERISAVE MORTGAGE CORPORATION | $405,000 | $1,410,000 | 248.1% | 1.9% |
South State Bank | $860,000 | $1,405,000 | 63.4% | 1.9% |
Mr. Cooper ( Nationstar Mortgage ) | $620,000 | $1,305,000 | 110.5% | 1.7% |
Mortgage Research Center, LLC | $255,000 | $1,195,000 | 368.6% | 1.6% |
MORTGAGE INVESTORS GROUP, INC. | $340,000 | $1,130,000 | 232.4% | 1.5% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $1,255,000 | $1,120,000 | -10.8% | 1.5% |
PENNYMAC LOAN SERVICES, LLC | $415,000 | $1,085,000 | 161.4% | 1.4% |
ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $395,000 | $1,070,000 | 170.9% | 1.4% |
MOVEMENT MORTGAGE, LLC | $435,000 | $980,000 | 125.3% | 1.3% |
Wells Fargo Bank | $1,225,000 | $940,000 | -23.3% | 1.2% |
CALIBER HOME LOANS, INC. | $95,000 | $810,000 | 752.6% | 1.1% |
SUMMIT FUNDING, INC. | $310,000 | $765,000 | 146.8% | 1.0% |
TENNESSEE VALLEY | $200,000 | $765,000 | 282.5% | 1.0% |
NEW DAY FINANCIAL, LLC | $435,000 | $705,000 | 62.1% | 0.9% |
INTERCAP LENDING INC. | $700,000 | n/a | 0.9% | |
NEWREZ LLC | $320,000 | $690,000 | 115.6% | 0.9% |
DAS Acquisition Company, LLC | $125,000 | $665,000 | 432.0% | 0.9% |
MUTUAL OF OMAHA MORTGAGE, INC. | $645,000 | n/a | 0.9% | |
Flagstar Bank, FSB | $610,000 | n/a | 0.8% | |
First Federal Bank | $565,000 | n/a | 0.7% | |
PEACH STATE FEDERAL CREDIT UNION | $125,000 | $565,000 | 352.0% | 0.7% |
LEADERONE FINANCIAL CORPORATION | $560,000 | n/a | 0.7% | |
Bank of England | $195,000 | $550,000 | 182.1% | 0.7% |
BETTER MORTGAGE CORPORATION | $265,000 | $500,000 | 88.7% | 0.7% |
CERTAINTY HOME LOANS, LLC | $145,000 | $485,000 | 234.5% | 0.6% |
CMG MORTGAGE, INC. | $475,000 | n/a | 0.6% | |
FIRST COMMUNITY MORTGAGE, INC. | $285,000 | $405,000 | 42.1% | 0.5% |
SmartBank | $875,000 | $405,000 | -53.7% | 0.5% |
UNITED WHOLESALE MORTGAGE, LLC | $405,000 | n/a | 0.5% | |
SWBC MORTGAGE CORPORATION | $330,000 | $380,000 | 15.2% | 0.5% |
U.S. Bank | $260,000 | $370,000 | 42.3% | 0.5% |
NAVY FEDERAL CREDIT UNION | $135,000 | $365,000 | 170.4% | 0.5% |
USAA Federal Savings Bank | $185,000 | $365,000 | 97.3% | 0.5% |
MEMBER FIRST MORTGAGE, LLC | $335,000 | n/a | 0.4% | |
Wyndham Capital Mortgage, Inc. | $335,000 | n/a | 0.4% | |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $195,000 | $320,000 | 64.1% | 0.4% |
21ST MORTGAGE CORPORATION | $215,000 | $310,000 | 44.2% | 0.4% |
LAKEVIEW LOAN SERVICING, LLC | $365,000 | $300,000 | -17.8% | 0.4% |
Cadence Bank, N.A. | $265,000 | n/a | 0.3% | |
INTELLILOAN, INC. | $245,000 | n/a | 0.3% | |
ZILLOW HOME LOANS, LLC | $245,000 | n/a | 0.3% | |
First Guaranty Mortgage Corporation | $135,000 | $240,000 | 77.8% | 0.3% |
TJC Mortgage, Inc. | $780,000 | $240,000 | -69.2% | 0.3% |
POWERCO | $235,000 | n/a | 0.3% | |
Reliant Bank | $235,000 | n/a | 0.3% | |
AMERICAN INTERNET MORTGAGE, INC. | $225,000 | n/a | 0.3% | |
InterContinental Capital Group, Inc | $225,000 | n/a | 0.3% | |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $215,000 | n/a | 0.3% | |
DIRECT LENDERS, LLC | $215,000 | n/a | 0.3% | |
GUARANTEED RATE, INC. | $210,000 | n/a | 0.3% | |
VILLAGE CAPITAL & INVESTMENT LLC | $115,000 | $210,000 | 82.6% | 0.3% |
The Federal Savings Bank | $205,000 | n/a | 0.3% | |
TOP FLITE FINANCIAL, INC. | $205,000 | n/a | 0.3% | |
Renasant Bank | $200,000 | n/a | 0.3% | |
First Option Mortgage, LLC | $195,000 | n/a | 0.3% | |
LGE COMMUNITY | $225,000 | $195,000 | -13.3% | 0.3% |
Gateway First Bank | $185,000 | n/a | 0.2% | |
SOUTHPOINT FINANCIAL SERVICES, INC. | $185,000 | n/a | 0.2% | |
CSL Financial, LLC | $180,000 | n/a | 0.2% | |
Family Security Credit Union | $175,000 | n/a | 0.2% | |
Hometown Equity Mortgage, LLC | $175,000 | n/a | 0.2% | |
PNC Bank | $175,000 | n/a | 0.2% | |
SOUTHWEST STAGE FUNDING, LLC | $175,000 | n/a | 0.2% | |
HOME POINT FINANCIAL CORPORATION | $125,000 | $170,000 | 36.0% | 0.2% |
Southern States Bank | $165,000 | n/a | 0.2% | |
Nations Lending Corporation | $220,000 | $155,000 | -29.5% | 0.2% |
FAMILY SAVINGS | $45,000 | $145,000 | 222.2% | 0.2% |
Mortgage Assurance Inc. | $145,000 | n/a | 0.2% | |
PLANET HOME LENDING, LLC | $145,000 | n/a | 0.2% | |
Bank of America | $175,000 | $135,000 | -22.9% | 0.2% |
MILLENNIUM BANK | $135,000 | n/a | 0.2% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $320,000 | $125,000 | -60.9% | 0.2% |
AgFirst Farm Credit Bank | $115,000 | n/a | 0.2% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $115,000 | n/a | 0.2% | |
DELTA COMMUNITY CREDIT UNION | $105,000 | n/a | 0.1% | |
FBC MORTGAGE, LLC | $115,000 | $105,000 | -8.7% | 0.1% |
UNION HOME MORTGAGE CORP. | $105,000 | n/a | 0.1% | |
RUOFF MORTGAGE COMPANY, INC. | $95,000 | n/a | 0.1% | |
Barrington Bank & Trust Company, N.A. | $75,000 | $85,000 | 13.3% | 0.1% |
CRESCENT MORTGAGE COMPANY | $75,000 | $85,000 | 13.3% | 0.1% |
Equity Prime Mortgage LLC | $265,000 | $85,000 | -67.9% | 0.1% |
Synovus Bank | $1,150,000 | $85,000 | -92.6% | 0.1% |
HOMESIDE FINANCIAL, LLC | $75,000 | n/a | 0.1% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $125,000 | $65,000 | -48.0% | 0.1% |
JPMorgan Chase Bank | $260,000 | $65,000 | -75.0% | 0.1% |
1st Franklin Financial Corporation | $45,000 | n/a | 0.1% | |
GEORGIA'S OWN | $25,000 | n/a | 0.0% | |
TOGETHER CREDIT UNION | $355,000 | $15,000 | -95.8% | 0.0% |
Summerville's top lender by overall market share is United Community Bank, with 13.2% market share. In second place, with 12.4%, is QUICKEN LOANS, LLC, having originated $9,390,000 in loans. In third place, with 9.1%, is FirstBank, having originated $6,855,000 in loans. In third place, with 4.3%, is HOMESTAR FINANCIAL CORPORATION, having originated $3,220,000 in loans. In third place, with 2.8%, is Regions Bank, having originated $2,120,000 in loans.
Summerville, GA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 229 | $36,705,000 | $160,284 |
Refi | 148 | $20,240,000 | $136,757 |
Cash Out Refi | 91 | $14,955,000 | $164,341 |
Other | 26 | $2,310,000 | $88,846 |
Home Improvement | 22 | $1,530,000 | $69,545 |
Summerville's most frequently cited loan purpose was Home Purchase, with 229 originations. The 2nd most popular reason was Refi, with 148 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 215 | $31,875,000 | $148,256 |
2.5-3% | 182 | $27,900,000 | $153,297 |
<2.5% | 63 | $10,395,000 | $165,000 |
4-5% | 17 | $1,415,000 | $83,235 |
Over 8% | 9 | $685,000 | $76,111 |
6-7% | 7 | $735,000 | $105,000 |
7-8% | 4 | $540,000 | $135,000 |
5-6% | 2 | $50,000 | $25,000 |
During 2021, Summerville's most frequently originated rate bucket was 3-4%, with 215 originations.
Loan Sizing (Summerville, GA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 242 | $33,850,000 | $139,876 |
$100,000 or less | 167 | $10,925,000 | $65,419 |
$200k-400k | 95 | $24,815,000 | $261,211 |
$400k-600k | 10 | $4,620,000 | $462,000 |
$600k-1000k | 2 | $1,530,000 | $765,000 |
Summerville's loan sizing saw the bucket of loans from $100k-200k with 242 originations, totaling $33,850,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 213 | $35,125,000 | $164,906 |
60-80% | 134 | $22,810,000 | $170,224 |
40-60% | 74 | $8,280,000 | $111,892 |
20-40% | 38 | $2,570,000 | $67,632 |
Under 20% | 17 | $645,000 | $37,941 |
Over 100% | 9 | $2,035,000 | $226,111 |
Summerville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 213 originations, totaling $35,125,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Summerville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $135,450 (42.7%) | $211,506 (9.8%) | 0.00 | 92 |
2018-02-01 | $128,900 (35.8%) | $215,745 (10.5%) | 0.00 | 100 |
2018-03-01 | $137,500 (37.6%) | $199,396 (3.3%) | 0.00 | 106 |
2018-04-01 | $122,400 (6.4%) | $184,607 (-6.8%) | 0.00 | 117 |
2018-05-01 | $126,900 (11.6%) | $177,053 (-8.4%) | 0.00 | 110 |
2018-06-01 | $130,000 (15.6%) | $186,187 (-3.7%) | 0.00 | 106 |
2018-07-01 | $131,000 (16.4%) | $206,204 (11.8%) | 0.00 | 115 |
2018-08-01 | $135,950 (14.2%) | $214,233 (15.3%) | 0.00 | 115 |
2018-09-01 | $149,900 (7.2%) | $225,172 (3.7%) | 0.00 | 107 |
2018-10-01 | $126,000 (-24.5%) | $212,561 (-9.5%) | 0.00 | 115 |
2018-11-01 | $134,950 (-20.1%) | $249,806 (4.9%) | 0.00 | 108 |
2018-12-01 | $159,000 (-3.6%) | $288,337 (26.9%) | 0.00 | 110 |
2019-01-01 | $163,400 (20.6%) | $278,630 (31.7%) | 0.00 | 100 |
2019-02-01 | $152,500 (18.3%) | $274,752 (27.4%) | 0.00 | 99 |
2019-03-01 | $159,000 (15.6%) | $271,755 (36.3%) | 0.00 | 97 |
2019-04-01 | $159,000 (29.9%) | $265,441 (43.8%) | 0.00 | 98 |
2019-05-01 | $156,750 (23.5%) | $264,218 (49.2%) | 0.00 | 105 |
2019-06-01 | $154,000 (18.5%) | $270,628 (45.4%) | 0.00 | 101 |
2019-07-01 | $169,900 (29.7%) | $273,096 (32.4%) | 0.00 | 111 |
2019-08-01 | $156,657 (15.2%) | $274,763 (28.3%) | 0.00 | 108 |
2019-09-01 | $137,000 (-8.6%) | $274,373 (21.9%) | 0.00 | 107 |
2019-10-01 | $147,400 (17.0%) | $297,679 (40.0%) | 0.00 | 108 |
2019-11-01 | $154,900 (14.8%) | $270,446 (8.3%) | 0.00 | 110 |
2019-12-01 | $149,400 (-6.0%) | $247,289 (-14.2%) | 0.00 | 103 |
2020-01-01 | $149,000 (-8.8%) | $251,677 (-9.7%) | 0.00 | 98 |
2020-02-01 | $159,000 (4.3%) | $262,187 (-4.6%) | 0.00 | 100 |
2020-03-01 | $151,950 (-4.4%) | $251,190 (-7.6%) | 0.00 | 96 |
2020-04-01 | $154,900 (-2.6%) | $237,316 (-10.6%) | 0.00 | 99 |
2020-05-01 | $149,900 (-4.4%) | $254,389 (-3.7%) | 0.00 | 82 |
2020-06-01 | $237,450 (54.2%) | $285,059 (5.3%) | 0.00 | 66 |
2020-07-01 | $232,500 (36.9%) | $293,561 (7.5%) | 0.00 | 57 |
2020-08-01 | $214,900 (37.2%) | $293,091 (6.7%) | 0.00 | 58 |
2020-09-01 | $214,950 (56.9%) | $267,273 (-2.6%) | 0.00 | 46 |
2020-10-01 | $237,000 (60.8%) | $258,802 (-13.1%) | 0.00 | 42 |
2020-11-01 | $150,000 (-3.2%) | $214,580 (-20.7%) | 0.00 | 37 |
2020-12-01 | $154,900 (3.7%) | $217,712 (-12.0%) | 0.00 | 31 |
2021-01-01 | $139,900 (-6.1%) | $202,294 (-19.6%) | 0.00 | 27 |
2021-02-01 | $137,450 (-13.6%) | $207,037 (-21.0%) | 0.00 | 25 |
2021-03-01 | $183,950 (21.1%) | $231,209 (-8.0%) | 0.00 | 32 |
2021-04-01 | $189,450 (22.3%) | $262,145 (10.5%) | 0.00 | 29 |
2021-05-01 | $179,000 (19.4%) | $239,410 (-5.9%) | 0.00 | 24 |
2021-06-01 | $162,450 (-31.6%) | $207,662 (-27.2%) | 0.00 | 34 |
2021-07-01 | $162,450 (-30.1%) | $237,133 (-19.2%) | 0.00 | 31 |
2021-08-01 | $224,000 (4.2%) | $277,002 (-5.5%) | 0.00 | 34 |
2021-09-01 | $199,000 (-7.4%) | $315,964 (18.2%) | 0.00 | 41 |
2021-10-01 | $279,000 (17.7%) | $358,664 (38.6%) | 0.00 | 52 |
2021-11-01 | $292,000 (94.7%) | $390,715 (82.1%) | 0.00 | 50 |
2021-12-01 | $313,950 (102.7%) | $384,604 (76.7%) | 0.00 | 58 |
2022-01-01 | $275,000 (96.6%) | $361,789 (78.8%) | 0.00 | 50 |
2022-02-01 | $242,500 (76.4%) | $386,933 (86.9%) | 0.00 | 53 |
2022-03-01 | $235,000 (27.8%) | $415,231 (79.6%) | 0.00 | 60 |
2022-04-01 | $275,000 (45.2%) | $421,275 (60.7%) | 0.00 | 66 |
2022-05-01 | $257,750 (44.0%) | $432,030 (80.5%) | 0.00 | 59 |
2022-06-01 | $299,900 (84.6%) | $421,522 (103.0%) | 0.00 | 65 |
Summerville's median listing price comes in at 0% of the national average.
Summerville's average listing price for 2022-06-01 was $421,522, a difference of $213,860 (103.0%) versus the prior year and $-10,508 versus the prior month.
For the 2022-06-01 period, Summerville had 65 MLS listings, a difference of 6 listings (10%) versus the prior month and 31 listings (91%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Summerville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,762 sqft |
2018-02-01 | 0 days | 1,768 sqft |
2018-03-01 | 0 days | 1,788 sqft |
2018-04-01 | 0 days | 1,768 sqft |
2018-05-01 | 0 days | 1,747 sqft |
2018-06-01 | 0 days | 1,724 sqft |
2018-07-01 | 0 days | 1,730 sqft |
2018-08-01 | 0 days | 1,704 sqft |
2018-09-01 | 0 days | 1,686 sqft |
2018-10-01 | 0 days | 1,622 sqft |
2018-11-01 | 0 days | 1,761 sqft |
2018-12-01 | 0 days | 1,886 sqft |
2019-01-01 | 0 days | 1,928 sqft |
2019-02-01 | 0 days | 1,778 sqft |
2019-03-01 | 0 days | 1,768 sqft |
2019-04-01 | 0 days | 1,768 sqft |
2019-05-01 | 0 days | 1,933 sqft |
2019-06-01 | 0 days | 1,949 sqft |
2019-07-01 | 0 days | 1,991 sqft |
2019-08-01 | 0 days | 1,941 sqft |
2019-09-01 | 0 days | 1,808 sqft |
2019-10-01 | 0 days | 1,877 sqft |
2019-11-01 | 0 days | 1,800 sqft |
2019-12-01 | 0 days | 1,808 sqft |
2020-01-01 | 0 days | 1,800 sqft |
2020-02-01 | 0 days | 1,816 sqft |
2020-03-01 | 0 days | 1,741 sqft |
2020-04-01 | 0 days | 1,741 sqft |
2020-05-01 | 0 days | 1,800 sqft |
2020-06-01 | 0 days | 2,005 sqft |
2020-07-01 | 0 days | 1,869 sqft |
2020-08-01 | 0 days | 1,914 sqft |
2020-09-01 | 0 days | 1,821 sqft |
2020-10-01 | 0 days | 1,938 sqft |
2020-11-01 | 0 days | 1,816 sqft |
2020-12-01 | 0 days | 1,816 sqft |
2021-01-01 | 0 days | 1,616 sqft |
2021-02-01 | 0 days | 1,672 sqft |
2021-03-01 | 0 days | 1,521 sqft |
2021-04-01 | 0 days | 2,110 sqft |
2021-05-01 | 0 days | 1,920 sqft |
2021-06-01 | 0 days | 1,660 sqft |
2021-07-01 | 0 days | 1,767 sqft |
2021-08-01 | 0 days | 1,830 sqft |
2021-09-01 | 0 days | 1,936 sqft |
2021-10-01 | 0 days | 2,272 sqft |
2021-11-01 | 0 days | 2,340 sqft |
2021-12-01 | 0 days | 2,375 sqft |
2022-01-01 | 0 days | 2,186 sqft |
2022-02-01 | 0 days | 1,816 sqft |
2022-03-01 | 0 days | 1,758 sqft |
2022-04-01 | 0 days | 1,898 sqft |
2022-05-01 | 0 days | 1,791 sqft |
2022-06-01 | 0 days | 1,785 sqft |
Summerville's median square footage for active listings during the 2022-06-01 period was 1,785 sqft. One year prior, the average listing was 1,660 sqft.