Summerville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Summerville averaged
7.04%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.07% and
one month ago for the week of 2025-05-15, the
average rate was 6.84%.
Summerville's average rate one year ago was 7.18%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.41%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Summerville 30 Year Fixed Rate | 2025-06-18 | 7.04% |
| Summerville 30 Year Fixed Rate Refi | 2025-06-18 | 7.41% |
| Summerville 15 Year Fixed Rate | 2025-06-18 | 6.06% |
| Summerville 15 Year Fixed Rate Refi | 2025-06-18 | 6.56% |
| Summerville 30 Year FHA | 2025-06-18 | 0.37% |
| Summerville 30 Year FHA Refi | 2025-06-18 | 0% |
| Summerville 30 Year USDA | 2025-06-18 | -0.1% |
| Summerville 30 Year USDA Refi | 2025-06-18 | -0.1% |
| Summerville 30 Year VA | 2025-06-18 | 0% |
| Summerville 30 Year VA Refi | 2025-06-18 | 0.1% |
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.).
Summerville Average Closing Costs & Other Stats
Summerville, GA's 43 lenders originated 425
loans during 2024. The total origination value was $69,945,000, with an average loan value of
$164,576.
Summerville's average closing costs are $5,632.
The top Summerville lender as defined by loan originations is United Community Bank, with
11 loans originated. Their average total fees are
$5,366, which is $258
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Summerville lenders (with over 10 loans originated) are
United Community Bank ($5,366), QUICKEN LOANS, LLC ($5,623), .
The lowest rate Summerville lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.71%), United Community Bank (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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| United Community Bank | $7,755,000 | $13,285,000 | 71.3% | 19.0% |
| QUICKEN LOANS, LLC | $3,330,000 | $4,275,000 | 28.4% | 6.1% |
| SOUTHEAST FIRST NATIONAL BANK | $1,855,000 | $3,735,000 | 101.3% | 5.3% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $1,185,000 | $3,005,000 | 153.6% | 4.3% |
| FirstBank | $2,880,000 | $2,205,000 | -23.4% | 3.2% |
| Mortgage Research Center, LLC | $1,150,000 | $1,660,000 | 44.3% | 2.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $655,000 | $1,630,000 | 148.9% | 2.3% |
| UNION HOME MORTGAGE CORP. | $935,000 | $1,530,000 | 63.6% | 2.2% |
| Regions Bank | $1,010,000 | $1,480,000 | 46.5% | 2.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,300,000 | n/a | 1.9% | |
| Equity Prime Mortgage LLC | $1,165,000 | n/a | 1.7% | |
| Wells Fargo Bank | $1,155,000 | n/a | 1.7% | |
| SUMMIT FUNDING, INC. | $795,000 | $1,095,000 | 37.7% | 1.6% |
| LEADERONE FINANCIAL CORPORATION | $1,620,000 | $1,075,000 | -33.6% | 1.5% |
| Morgan Stanley Private Bank | $1,015,000 | n/a | 1.5% | |
| The Bank of LaFayette, Georgia | $2,685,000 | $900,000 | -66.5% | 1.3% |
| FREEDOM MORTGAGE CORPORATION | $890,000 | n/a | 1.3% | |
| EVANSVILLE TEACHERS | $855,000 | n/a | 1.2% | |
| Truist | $900,000 | $820,000 | -8.9% | 1.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $375,000 | $815,000 | 117.3% | 1.2% |
| SWBC MORTGAGE CORPORATION | $715,000 | $810,000 | 13.3% | 1.2% |
| EVERETT FINANCIAL, INC. | $995,000 | $785,000 | -21.1% | 1.1% |
| PENNYMAC LOAN SERVICES, LLC | $565,000 | $765,000 | 35.4% | 1.1% |
| Barrington Bank & Trust Company, N.A. | $745,000 | n/a | 1.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,150,000 | $685,000 | -40.4% | 1.0% |
| River City Bank | $900,000 | $655,000 | -27.2% | 0.9% |
| FIRST COMMUNITY MORTGAGE, INC. | $300,000 | $635,000 | 111.7% | 0.9% |
| TOWNE MORTGAGE COMPANY | $305,000 | $625,000 | 104.9% | 0.9% |
| LGE COMMUNITY | $55,000 | $595,000 | 981.8% | 0.9% |
| FAMILY SAVINGS | $195,000 | $580,000 | 197.4% | 0.8% |
| PEACH STATE FEDERAL CREDIT UNION | $145,000 | $570,000 | 293.1% | 0.8% |
| BROKER SOLUTIONS, INC. | $165,000 | $565,000 | 242.4% | 0.8% |
| MORTGAGE INVESTORS GROUP, INC. | $175,000 | $565,000 | 222.9% | 0.8% |
| GUARANTEED RATE, INC. | $125,000 | $560,000 | 348.0% | 0.8% |
| Renasant Bank | $990,000 | $550,000 | -44.4% | 0.8% |
| First Federal Bank, A FSB | $545,000 | n/a | 0.8% | |
| STOCKTON MORTGAGE CORPORATION | $310,000 | $520,000 | 67.7% | 0.7% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $125,000 | $480,000 | 284.0% | 0.7% |
| 21ST MORTGAGE CORPORATION | $470,000 | $450,000 | -4.3% | 0.6% |
| LOANDEPOT.COM, LLC | $165,000 | $430,000 | 160.6% | 0.6% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $225,000 | $430,000 | 91.1% | 0.6% |
| Carrington Mortgage Services, LLC | $475,000 | $425,000 | -10.5% | 0.6% |
| CMG MORTGAGE, INC. | $405,000 | n/a | 0.6% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $135,000 | $400,000 | 196.3% | 0.6% |
| MOVEMENT MORTGAGE, LLC | $880,000 | $380,000 | -56.8% | 0.5% |
| GUILD MORTGAGE COMPANY | $375,000 | n/a | 0.5% | |
| Pinnacle Bank | $355,000 | $375,000 | 5.6% | 0.5% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $365,000 | n/a | 0.5% | |
| The Federal Savings Bank | $345,000 | n/a | 0.5% | |
| CREDIT UNION FINANCIAL SERVICES, LLC | $340,000 | n/a | 0.5% | |
| PANORAMA MORTGAGE GROUP, LLC | $340,000 | n/a | 0.5% | |
| Synovus Bank | $355,000 | $335,000 | -5.6% | 0.5% |
| LAKEVIEW LOAN SERVICING, LLC | $325,000 | n/a | 0.5% | |
| AgFirst Farm Credit Bank | $305,000 | n/a | 0.4% | |
| CRESCENT MORTGAGE COMPANY | $515,000 | $305,000 | -40.8% | 0.4% |
| NBKC BANK | $305,000 | $305,000 | 0.0% | 0.4% |
| SOUTHEAST MORTGAGE OF GEORGIA, INC. | $95,000 | $305,000 | 221.1% | 0.4% |
| HOMESIDE FINANCIAL, LLC | $300,000 | n/a | 0.4% | |
| NAVY FEDERAL CREDIT UNION | $215,000 | $295,000 | 37.2% | 0.4% |
| VILLAGE CAPITAL MORTGAGE | $275,000 | n/a | 0.4% | |
| ROYAL UNITED MORTGAGE LLC | $255,000 | n/a | 0.4% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,495,000 | $250,000 | -83.3% | 0.4% |
| Century Mortgage Company DBA Century Lending Company | $155,000 | $235,000 | 51.6% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $395,000 | $225,000 | -43.0% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $910,000 | $215,000 | -76.4% | 0.3% |
| CSL Financial, LLC | $215,000 | n/a | 0.3% | |
| 1ST SIGNATURE LENDING, LLC | $265,000 | $205,000 | -22.6% | 0.3% |
| Prosperity Home Mortgage, LLC | $205,000 | n/a | 0.3% | |
| TJC Mortgage, Inc. | $175,000 | $195,000 | 11.4% | 0.3% |
| LONGBRIDGE FINANCIAL, LLC | $185,000 | n/a | 0.3% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $185,000 | n/a | 0.3% | |
| Cornerstone First Mortgage, Inc | $960,000 | $180,000 | -81.3% | 0.3% |
| FAIR WAY LENDING LLC | $175,000 | n/a | 0.3% | |
| USAA Federal Savings Bank | $175,000 | n/a | 0.3% | |
| Fifth Third Bank | $165,000 | n/a | 0.2% | |
| First National Community Bank | $55,000 | $165,000 | 200.0% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $135,000 | $165,000 | 22.2% | 0.2% |
| SUCCESS MORTGAGE PARTNERS, INC. | $115,000 | $165,000 | 43.5% | 0.2% |
| AmeriHome Mortgage Company, LLC | $155,000 | n/a | 0.2% | |
| NJ LENDERS CORP. | $155,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL NETWORK, INC. | $135,000 | $150,000 | 11.1% | 0.2% |
| CANOPY MORTGAGE, LLC | $145,000 | $145,000 | 0.0% | 0.2% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $145,000 | n/a | 0.2% | |
| LOANPAL, LLC | $135,000 | n/a | 0.2% | |
| Ameris Bank | $115,000 | n/a | 0.2% | |
| Magnolia Bank | $155,000 | $115,000 | -25.8% | 0.2% |
| RUOFF MORTGAGE COMPANY, INC. | $115,000 | n/a | 0.2% | |
| T2 FINANCIAL LLC | $115,000 | n/a | 0.2% | |
| TRIAD FINANCIAL SERVICES, INC. | $270,000 | $115,000 | -57.4% | 0.2% |
| CIS Financial Services, Inc. | $95,000 | n/a | 0.1% | |
| COMMUNITY BANK OF PICKENS COUNTY | $95,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $95,000 | n/a | 0.1% | |
| U.S. Bank | $90,000 | n/a | 0.1% | |
| ATLANTA POSTAL | $65,000 | $85,000 | 30.8% | 0.1% |
| DELTA COMMUNITY CREDIT UNION | $255,000 | $85,000 | -66.7% | 0.1% |
| Discover Bank | $140,000 | $85,000 | -39.3% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $85,000 | n/a | 0.1% | |
| TENNESSEE VALLEY | $1,420,000 | $80,000 | -94.4% | 0.1% |
| Mountain Valley Bank | $75,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $165,000 | $65,000 | -60.6% | 0.1% |
Summerville's top lender by overall market share is United Community Bank, with 19.0% market share. In second place, with 6.1%, is QUICKEN LOANS, LLC, having originated $4,275,000 in loans. In third place, with 5.3%, is SOUTHEAST FIRST NATIONAL BANK, having originated $3,735,000 in loans. In fourth place, with 4.3%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $3,005,000 in loans. In fifth place, with 3.2%, is FirstBank, having originated $2,205,000 in loans.
Summerville, GA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 214 | $43,190,000 | $201,822 |
| Cash Out Refi | 65 | $10,715,000 | $164,846 |
| Refi | 54 | $9,020,000 | $167,037 |
| Other | 50 | $4,420,000 | $88,400 |
| Home Improvement | 42 | $2,600,000 | $61,905 |
Summerville's most frequently cited loan purpose was Home Purchase, with 214 originations. The 2nd most popular reason was Cash Out Refi, with 65 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 172 | $31,680,000 | $184,186 |
| 7-8% | 101 | $14,465,000 | $143,218 |
| Over 8% | 68 | $6,290,000 | $92,500 |
| 5-6% | 39 | $9,885,000 | $253,462 |
| <2.5% | 3 | $495,000 | $165,000 |
| 4-5% | 3 | $585,000 | $195,000 |
| 2.5-3% | 1 | $325,000 | $325,000 |
During 2024, Summerville's most frequently originated rate bucket was 6-7%, with 172 originations.
Loan Sizing (Summerville, GA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 165 | $24,405,000 | $147,909 |
| $100,000 or less | 143 | $7,835,000 | $54,790 |
| $200k-400k | 102 | $28,530,000 | $279,706 |
| $400k-600k | 9 | $4,335,000 | $481,667 |
| $600k-1000k | 4 | $2,670,000 | $667,500 |
| $Over $1MM | 2 | $2,170,000 | $1,085,000 |
Summerville's loan sizing saw the bucket of loans from $100k-200k with 165 originations, totaling $24,405,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 153 | $30,815,000 | $201,405 |
| 60-80% | 74 | $17,120,000 | $231,351 |
| 20-40% | 59 | $5,225,000 | $88,559 |
| Under 20% | 51 | $1,985,000 | $38,922 |
| 40-60% | 41 | $6,495,000 | $158,415 |
| Over 100% | 4 | $1,170,000 | $292,500 |
Summerville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 153 originations, totaling $30,815,000 in origination value.