Summerville Mortgage Rates & Closing Costs
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% |
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 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. LouisDate | 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 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. LouisDate | 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 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.