Summerville Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Summerville averaged 6.69% for the week of 2024-12-05, compared to the national average of 6.69% for the same period.

The average rate for the prior week (2024-11-27) was 6.61% and one month ago for the week of 2024-10-31, the average rate was 6.62%.

Summerville's average rate one year ago was 7.02%.

For refis of the same type during the week of 2024-12-05, the average rate was 6.89%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-12-05 6.69%
Summerville 30 Year Fixed Rate 2024-12-05 6.69%
Summerville 30 Year Fixed Rate Refi 2024-12-05 6.89%
Summerville 15 Year Fixed Rate 2024-12-05 5.96%
Summerville 15 Year Fixed Rate Refi 2024-12-05 6.36%
Summerville 30 Year FHA 2024-12-05 6.46%
Summerville 30 Year FHA Refi 2024-12-05 6.26%
Summerville 30 Year USDA 2024-12-05 6.33%
Summerville 30 Year USDA Refi 2024-12-05 6.43%
Summerville 30 Year VA 2024-12-05 6.34%
Summerville 30 Year VA Refi 2024-12-05 5.94%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Summerville, GA.

Summerville 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 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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
United Community Bank 12 6.85% $5,297
QUICKEN LOANS, LLC 10 7.18% $5,818
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 7.23% $4,602
UNION HOME MORTGAGE CORP. 4 7.00% $6,194
Truist 4 7.09% $3,885
UNITED WHOLESALE MORTGAGE, LLC 3 6.86% $5,074
MOVEMENT MORTGAGE, LLC 2 7.68% $11,125
TENNESSEE VALLEY 2 6.38% $6,912
Synovus Bank 2 7.06% $5,596
First Option Mortgage, LLC 2 7.69% $4,884
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.63% $5,179
Mr. Cooper ( Nationstar Mortgage ) 1 7.99% $4,241
NBKC BANK 1 5.88% $5,115
Paramount Residential Mortgage Group, Inc. 1 6.88% $9,562
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.38% $7,279
Regions Bank 1 6.38% $4,210
Renasant Bank 1 8.99% $8,990
SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 8.13% $5,499
SUCCESS MORTGAGE PARTNERS, INC. 1 7.00% $5,806
SUMMIT FUNDING, INC. 1 5.63% $5,489
SWBC MORTGAGE CORPORATION 1 6.88% $9,177
THE MORTGAGE FIRM, INC. 1 6.50% $3,707
21ST MORTGAGE CORPORATION 1 8.30% $5,311
VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.63% $8,851
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.99% $5,093
BancorpSouth 1 7.13% $5,968
CARDINAL FINANCIAL 1 5.99% $7,683
CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $11,612
DAS Acquisition Company, LLC 1 6.50% $4,705
DELTA COMMUNITY CREDIT UNION 1 6.50% $5,319
EVERETT FINANCIAL, INC. 1 6.50% $14,948
FirstBank 1 6.38% $5,686
FIRST COMMUNITY MORTGAGE, INC. 1 6.75% $5,471

Summerville Average Closing Costs & Other Stats

Summerville, GA's 33 lenders originated 369 loans during 2023. The total origination value was $54,795,000, with an average loan value of $148,496.

Summerville's average closing costs are $5,291.

The top Summerville lender as defined by loan originations is United Community Bank, with 12 loans originated. Their average total fees are $5,297, which is $521 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Summerville lenders (with over 10 loans originated) are United Community Bank ($5,297), QUICKEN LOANS, LLC ($5,818), .

The lowest rate Summerville lenders (with over 10 loans originated) are United Community Bank (6.85%), QUICKEN LOANS, LLC (7.18%), .

Summerville, 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
United Community Bank $12,200,000 $7,755,000 -36.4% 14.2%
QUICKEN LOANS, LLC $3,555,000 $3,330,000 -6.3% 6.1%
FirstBank $6,255,000 $2,880,000 -54.0% 5.3%
The Bank of LaFayette, Georgia $585,000 $2,685,000 359.0% 4.9%
SOUTHEAST FIRST NATIONAL BANK $1,855,000 n/a 3.4%
LEADERONE FINANCIAL CORPORATION $525,000 $1,620,000 208.6% 3.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $660,000 $1,495,000 126.5% 2.7%
TENNESSEE VALLEY $460,000 $1,420,000 208.7% 2.6%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $1,720,000 $1,185,000 -31.1% 2.2%
Mortgage Research Center, LLC $970,000 $1,150,000 18.6% 2.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,530,000 $1,150,000 -24.8% 2.1%
Flagstar Bank, FSB $555,000 $1,135,000 104.5% 2.1%
The Citizens Bank of Georgia $1,055,000 n/a 1.9%
Regions Bank $3,095,000 $1,010,000 -67.4% 1.8%
EVERETT FINANCIAL, INC. $385,000 $995,000 158.4% 1.8%
Renasant Bank $225,000 $990,000 340.0% 1.8%
Cornerstone First Mortgage, Inc $960,000 n/a 1.8%
UNION HOME MORTGAGE CORP. $935,000 n/a 1.7%
CROSSCOUNTRY MORTGAGE, LLC $480,000 $910,000 89.6% 1.7%
River City Bank $900,000 n/a 1.6%
Truist $1,075,000 $900,000 -16.3% 1.6%
MOVEMENT MORTGAGE, LLC $1,070,000 $880,000 -17.8% 1.6%
SUMMIT FUNDING, INC. $870,000 $795,000 -8.6% 1.5%
HOMESTAR FINANCIAL CORPORATION $3,485,000 $765,000 -78.0% 1.4%
AMERISAVE MORTGAGE CORPORATION $95,000 $750,000 689.5% 1.4%
BANKSOUTH MORTGAGE COMPANY, LLC $215,000 $750,000 248.8% 1.4%
SWBC MORTGAGE CORPORATION $115,000 $715,000 521.7% 1.3%
UNITED WHOLESALE MORTGAGE, LLC $3,110,000 $655,000 -78.9% 1.2%
PENNYMAC LOAN SERVICES, LLC $705,000 $565,000 -19.9% 1.0%
CRESCENT MORTGAGE COMPANY $515,000 n/a 0.9%
SPRING EQ, LLC $505,000 n/a 0.9%
Carrington Mortgage Services, LLC $385,000 $475,000 23.4% 0.9%
21ST MORTGAGE CORPORATION $390,000 $470,000 20.5% 0.9%
GEORGIA'S OWN $430,000 n/a 0.8%
Paramount Residential Mortgage Group, Inc. $395,000 n/a 0.7%
Mr. Cooper ( Nationstar Mortgage ) $565,000 $375,000 -33.6% 0.7%
THE MORTGAGE FIRM, INC. $365,000 n/a 0.7%
ITHINK FINANCIAL Credit Union $355,000 n/a 0.6%
Pinnacle Bank $355,000 n/a 0.6%
Synovus Bank $355,000 n/a 0.6%
STOCKTON MORTGAGE CORPORATION $365,000 $310,000 -15.1% 0.6%
NBKC BANK $305,000 n/a 0.6%
TOWNE MORTGAGE COMPANY $305,000 n/a 0.6%
FIRST COMMUNITY MORTGAGE, INC. $155,000 $300,000 93.5% 0.5%
FINANCE OF AMERICA REVERSE LLC $270,000 n/a 0.5%
First Option Mortgage, LLC $270,000 n/a 0.5%
TRIAD FINANCIAL SERVICES, INC. $660,000 $270,000 -59.1% 0.5%
1ST SIGNATURE LENDING, LLC $265,000 n/a 0.5%
DELTA COMMUNITY CREDIT UNION $45,000 $255,000 466.7% 0.5%
Goldwater Bank, N.A. $165,000 $255,000 54.5% 0.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $500,000 $225,000 -55.0% 0.4%
NAVY FEDERAL CREDIT UNION $845,000 $215,000 -74.6% 0.4%
MEMBER FIRST MORTGAGE, LLC $210,000 n/a 0.4%
CARDINAL FINANCIAL $585,000 $205,000 -65.0% 0.4%
Mortgage Assurance Inc. $145,000 $205,000 41.4% 0.4%
DAS Acquisition Company, LLC $225,000 $195,000 -13.3% 0.4%
FAMILY SAVINGS $125,000 $195,000 56.0% 0.4%
Bank of England $175,000 n/a 0.3%
MORTGAGE INVESTORS GROUP, INC. $540,000 $175,000 -67.6% 0.3%
TJC Mortgage, Inc. $220,000 $175,000 -20.5% 0.3%
BROKER SOLUTIONS, INC. $330,000 $165,000 -50.0% 0.3%
LOANDEPOT.COM, LLC $895,000 $165,000 -81.6% 0.3%
NEW DAY FINANCIAL, LLC $640,000 $165,000 -74.2% 0.3%
Century Mortgage Company DBA Century Lending Company $155,000 n/a 0.3%
LIBERTY HOME MORTGAGE CORPORATION $155,000 n/a 0.3%
Magnolia Bank $155,000 n/a 0.3%
PLANET HOME LENDING, LLC $135,000 $155,000 14.8% 0.3%
CANOPY MORTGAGE, LLC $625,000 $145,000 -76.8% 0.3%
PEACH STATE FEDERAL CREDIT UNION $1,175,000 $145,000 -87.7% 0.3%
Discover Bank $140,000 n/a 0.3%
AMERICAN FINANCIAL NETWORK, INC. $135,000 n/a 0.2%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $135,000 n/a 0.2%
SOUTHWEST STAGE FUNDING, LLC $135,000 n/a 0.2%
GUARANTEED RATE, INC. $205,000 $125,000 -39.0% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $125,000 n/a 0.2%
SUCCESS MORTGAGE PARTNERS, INC. $495,000 $115,000 -76.8% 0.2%
ACOPIA, LLC $475,000 $105,000 -77.9% 0.2%
MID AMERICA MORTGAGE, INC. $105,000 n/a 0.2%
BancorpSouth $95,000 n/a 0.2%
SOUTHEAST MORTGAGE OF GEORGIA, INC. $185,000 $95,000 -48.6% 0.2%
TOGETHER CREDIT UNION $85,000 n/a 0.2%
Figure Lending LLC $110,000 $75,000 -31.8% 0.1%
ATLANTA POSTAL $35,000 $65,000 85.7% 0.1%
First Volunteer Bank $60,000 n/a 0.1%
Citizens Bank $55,000 n/a 0.1%
First National Community Bank $55,000 n/a 0.1%
LGE COMMUNITY $55,000 n/a 0.1%

Summerville's top lender by overall market share is United Community Bank, with 14.2% market share. In second place, with 6.1%, is QUICKEN LOANS, LLC, having originated $3,330,000 in loans. In third place, with 5.3%, is FirstBank, having originated $2,880,000 in loans. In fourth place, with 4.9%, is The Bank of LaFayette, Georgia, having originated $2,685,000 in loans. In fifth place, with 3.4%, is SOUTHEAST FIRST NATIONAL BANK, having originated $1,855,000 in loans.


Summerville Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Summerville (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 $99,900 (7.5%) $185,777 (-3.2%) 0.00 57
2018-02-01 $106,000 (14.1%) $185,345 (-4.9%) 0.00 62
2018-03-01 $100,000 (5.9%) $170,160 (-8.5%) 0.00 65
2018-04-01 $97,500 (-2.5%) $159,013 (-15.4%) 0.00 73
2018-05-01 $99,450 (4.7%) $149,054 (-16.1%) 0.00 71
2018-06-01 $129,900 (38.3%) $172,947 (-1.4%) 0.00 70
2018-07-01 $128,225 (29.6%) $173,000 (2.3%) 0.00 77
2018-08-01 $128,325 (38.1%) $181,549 (9.1%) 0.00 74
2018-09-01 $128,700 (22.7%) $195,487 (2.4%) 0.00 63
2018-10-01 $117,425 (-7.9%) $176,939 (-10.9%) 0.00 69
2018-11-01 $128,175 (0.4%) $206,288 (2.3%) 0.00 70
2018-12-01 $130,000 (4.1%) $240,489 (22.8%) 0.00 65
2019-01-01 $146,250 (46.4%) $238,597 (28.4%) 0.00 60
2019-02-01 $149,475 (41.0%) $246,212 (32.8%) 0.00 61
2019-03-01 $150,814 (50.8%) $241,801 (42.1%) 0.00 61
2019-04-01 $142,789 (46.5%) $229,136 (44.1%) 0.00 62
2019-05-01 $147,250 (48.1%) $229,731 (54.1%) 0.00 68
2019-06-01 $136,450 (5.0%) $230,071 (33.0%) 0.00 68
2019-07-01 $134,450 (4.9%) $227,598 (31.6%) 0.00 74
2019-08-01 $131,527 (2.5%) $230,449 (26.9%) 0.00 73
2019-09-01 $130,106 (1.1%) $240,376 (23.0%) 0.00 74
2019-10-01 $129,383 (10.2%) $251,246 (42.0%) 0.00 73
2019-11-01 $125,000 (-2.5%) $231,604 (12.3%) 0.00 70
2019-12-01 $122,200 (-6.0%) $200,100 (-16.8%) 0.00 68
2020-01-01 $120,575 (-17.6%) $198,959 (-16.6%) 0.00 64
2020-02-01 $120,000 (-19.7%) $216,120 (-12.2%) 0.00 65
2020-03-01 $121,200 (-19.6%) $203,580 (-15.8%) 0.00 65
2020-04-01 $123,500 (-13.5%) $188,425 (-17.8%) 0.00 67
2020-05-01 $125,000 (-15.1%) $210,048 (-8.6%) 0.00 51
2020-06-01 $161,150 (18.1%) $229,354 (-0.3%) 0.00 45
2020-07-01 $167,225 (24.4%) $231,035 (1.5%) 0.00 38
2020-08-01 $169,500 (28.9%) $193,303 (-16.1%) 0.00 35
2020-09-01 $165,925 (27.5%) $186,691 (-22.3%) 0.00 25
2020-10-01 $124,900 (-3.5%) $194,683 (-22.5%) 0.00 23
2020-11-01 $124,925 (-0.1%) $164,090 (-29.2%) 0.00 22
2020-12-01 $122,450 (0.2%) $163,045 (-18.5%) 0.00 19
2021-01-01 $114,900 (-4.7%) $140,782 (-29.2%) 0.00 17
2021-02-01 $124,425 (3.7%) $139,852 (-35.3%) 0.00 15
2021-03-01 $132,500 (9.3%) $179,215 (-12.0%) 0.00 21
2021-04-01 $166,625 (34.9%) $201,209 (6.8%) 0.00 19
2021-05-01 $146,900 (17.5%) $176,995 (-15.7%) 0.00 18
2021-06-01 $146,900 (-8.8%) $179,234 (-21.9%) 0.00 21
2021-07-01 $179,900 (7.6%) $211,857 (-8.3%) 0.00 23
2021-08-01 $201,725 (19.0%) $248,301 (28.5%) 0.00 25
2021-09-01 $187,700 (13.1%) $266,144 (42.6%) 0.00 28
2021-10-01 $249,900 (100.1%) $311,997 (60.3%) 0.00 33
2021-11-01 $261,250 (109.1%) $368,258 (124.4%) 0.00 30
2021-12-01 $268,124 (119.0%) $384,268 (135.7%) 0.00 36
2022-01-01 $235,000 (104.5%) $358,866 (154.9%) 0.00 34
2022-02-01 $208,675 (67.7%) $387,637 (177.2%) 0.00 33
2022-03-01 $187,000 (41.1%) $357,846 (99.7%) 0.00 37
2022-04-01 $235,000 (41.0%) $322,692 (60.4%) 0.00 37
2022-05-01 $226,000 (53.9%) $339,756 (92.0%) 0.00 35
2022-06-01 $249,225 (69.7%) $349,398 (94.9%) 0.00 37
2022-07-01 $249,450 (38.7%) $362,153 (70.9%) 0.00 36
2022-08-01 $279,725 (38.7%) $428,252 (72.5%) 0.00 34
2022-09-01 $249,000 (32.7%) $356,700 (34.0%) 0.00 34
2022-10-01 $229,950 (-8.0%) $352,285 (12.9%) 0.00 33
2022-11-01 $224,675 (-14.0%) $326,681 (-11.3%) 0.00 38
2022-12-01 $234,500 (-12.5%) $349,265 (-9.1%) 0.00 40
2023-01-01 $226,175 (-3.8%) $330,905 (-7.8%) 0.00 42
2023-02-01 $250,000 (19.8%) $362,790 (-6.4%) 0.00 38
2023-03-01 $249,900 (33.6%) $385,035 (7.6%) 0.00 38
2023-04-01 $232,400 (-1.1%) $326,150 (1.1%) 0.00 45
2023-05-01 $205,950 (-8.9%) $312,183 (-8.1%) 0.00 52
2023-06-01 $228,450 (-8.3%) $352,641 (0.9%) 0.00 60
2023-07-01 $249,000 (-0.2%) $353,120 (-2.5%) 0.00 54
2023-08-01 $268,425 (-4.0%) $366,668 (-14.4%) 0.00 48
2023-09-01 $299,000 (20.1%) $436,281 (22.3%) 0.00 42
2023-10-01 $269,000 (17.0%) $406,708 (15.5%) 0.00 43
2023-11-01 $247,175 (10.0%) $396,110 (21.3%) 0.00 50
2023-12-01 $225,000 (-4.1%) $367,772 (5.3%) 0.00 51
2024-01-01 $260,850 (15.3%) $421,195 (27.3%) 0.00 49
2024-02-01 $293,450 (17.4%) $435,101 (19.9%) 0.00 51
2024-03-01 $264,900 (6.0%) $408,867 (6.2%) 0.00 53
2024-04-01 $214,500 (-7.7%) $377,547 (15.8%) 0.00 46
2024-05-01 $203,725 (-1.1%) $387,995 (24.3%) 0.00 44
2024-06-01 $210,000 (-8.1%) $397,864 (12.8%) 0.00 57
2024-07-01 $193,249 (-22.4%) $370,330 (4.9%) 0.00 72
2024-08-01 $195,000 (-27.4%) $345,521 (-5.8%) 0.00 72
2024-09-01 $194,100 (-35.1%) $320,852 (-26.5%) 0.00 72
2024-10-01 $211,175 (-21.5%) $310,135 (-23.8%) 0.00 70
2024-11-01 $209,900 (-15.1%) $307,284 (-22.4%) 0.00 68
Summerville's median listing price for 2024-11-01 was $209,900, a difference of $-37,275 (-15.1%) versus the prior year and $-1,275 versus the prior month.

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

Summerville's average listing price for 2024-11-01 was $307,284, a difference of $-88,826 (-22.4%) versus the prior year and $-2,851 versus the prior month.

For the 2024-11-01 period, Summerville had 68 MLS listings, a difference of -2 listings (-3%) versus the prior month and 18 listings (36%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Summerville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,548 sqft
2018-02-01 0 days 1,605 sqft
2018-03-01 0 days 1,726 sqft
2018-04-01 0 days 1,671 sqft
2018-05-01 0 days 1,616 sqft
2018-06-01 0 days 1,595 sqft
2018-07-01 0 days 1,512 sqft
2018-08-01 0 days 1,586 sqft
2018-09-01 0 days 1,608 sqft
2018-10-01 0 days 1,562 sqft
2018-11-01 0 days 1,610 sqft
2018-12-01 0 days 1,684 sqft
2019-01-01 0 days 1,780 sqft
2019-02-01 0 days 1,626 sqft
2019-03-01 0 days 1,631 sqft
2019-04-01 0 days 1,641 sqft
2019-05-01 0 days 1,788 sqft
2019-06-01 0 days 1,824 sqft
2019-07-01 0 days 1,809 sqft
2019-08-01 0 days 1,762 sqft
2019-09-01 0 days 1,679 sqft
2019-10-01 0 days 1,527 sqft
2019-11-01 0 days 1,371 sqft
2019-12-01 0 days 1,372 sqft
2020-01-01 0 days 1,458 sqft
2020-02-01 0 days 1,568 sqft
2020-03-01 0 days 1,396 sqft
2020-04-01 0 days 1,378 sqft
2020-05-01 0 days 1,588 sqft
2020-06-01 0 days 1,708 sqft
2020-07-01 0 days 1,663 sqft
2020-08-01 0 days 1,675 sqft
2020-09-01 0 days 1,612 sqft
2020-10-01 0 days 1,514 sqft
2020-11-01 0 days 1,262 sqft
2020-12-01 0 days 1,341 sqft
2021-01-01 0 days 1,299 sqft
2021-02-01 0 days 1,502 sqft
2021-03-01 0 days 1,538 sqft
2021-04-01 0 days 1,874 sqft
2021-05-01 0 days 1,800 sqft
2021-06-01 0 days 1,593 sqft
2021-07-01 0 days 1,698 sqft
2021-08-01 0 days 1,826 sqft
2021-09-01 0 days 1,903 sqft
2021-10-01 0 days 2,119 sqft
2021-11-01 0 days 2,326 sqft
2021-12-01 0 days 2,349 sqft
2022-01-01 0 days 1,979 sqft
2022-02-01 0 days 1,638 sqft
2022-03-01 0 days 1,625 sqft
2022-04-01 0 days 1,710 sqft
2022-05-01 0 days 1,599 sqft
2022-06-01 0 days 1,713 sqft
2022-07-01 0 days 2,095 sqft
2022-08-01 0 days 2,267 sqft
2022-09-01 0 days 1,924 sqft
2022-10-01 0 days 1,884 sqft
2022-11-01 0 days 1,870 sqft
2022-12-01 0 days 1,828 sqft
2023-01-01 0 days 1,757 sqft
2023-02-01 0 days 1,804 sqft
2023-03-01 0 days 1,753 sqft
2023-04-01 0 days 1,568 sqft
2023-05-01 0 days 1,563 sqft
2023-06-01 0 days 1,608 sqft
2023-07-01 0 days 1,545 sqft
2023-08-01 0 days 1,570 sqft
2023-09-01 0 days 1,800 sqft
2023-10-01 0 days 1,891 sqft
2023-11-01 0 days 1,565 sqft
2023-12-01 0 days 1,515 sqft
2024-01-01 0 days 1,820 sqft
2024-02-01 0 days 1,937 sqft
2024-03-01 0 days 1,878 sqft
2024-04-01 0 days 1,591 sqft
2024-05-01 0 days 1,600 sqft
2024-06-01 0 days 1,800 sqft
2024-07-01 0 days 1,633 sqft
2024-08-01 0 days 1,600 sqft
2024-09-01 0 days 1,576 sqft
2024-10-01 0 days 1,600 sqft
2024-11-01 0 days 1,531 sqft
Summerville's median listing age (time on market) for 2024-11-01 was 0 days.

Summerville's median square footage for active listings during the 2024-11-01 period was 1,531 sqft. One year prior, the average listing was 1,565 sqft.

Summerville, GA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 191 $36,225,000 $189,660
Refi 51 $5,725,000 $112,255
Other 47 $4,695,000 $99,894
Cash Out Refi 44 $6,460,000 $146,818
Home Improvement 36 $1,690,000 $46,944

Summerville's most frequently cited loan purpose was Home Purchase, with 191 originations. The 2nd most popular reason was Refi, with 51 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 135 $22,505,000 $166,704
7-8% 100 $13,830,000 $138,300
Over 8% 58 $6,560,000 $113,103
5-6% 27 $4,885,000 $180,926
<2.5% 4 $50,000 $12,500
4-5% 2 $340,000 $170,000

During 2023, Summerville's most frequently originated rate bucket was 6-7%, with 135 originations.

Loan Sizing (Summerville, GA MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 151 $8,005,000 $53,013
$100k-200k 138 $20,640,000 $149,565
$200k-400k 65 $16,755,000 $257,769
$400k-600k 9 $4,345,000 $482,778
$600k-1000k 4 $2,940,000 $735,000
$Over $1MM 2 $2,110,000 $1,055,000

Summerville's loan sizing saw the bucket of loans from $100,000 or less with 151 originations, totaling $8,005,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 141 $27,995,000 $198,546
60-80% 54 $8,280,000 $153,333
20-40% 50 $3,810,000 $76,200
Under 20% 47 $1,695,000 $36,064
40-60% 28 $4,770,000 $170,357
Over 100% 5 $1,125,000 $225,000

Summerville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 141 originations, totaling $27,995,000 in origination value.