Talladega - Sylacauga Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Talladega - Sylacauga averaged
6.72%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
6.76% and
one month ago for the week of 2023-08-10, the
average rate was 6.8%.
Talladega - Sylacauga's average rate one year ago was 5.43%.
For refis of the same type during the week of 2023-09-14, the average rate
was 7.08%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Talladega - Sylacauga 30 Year Fixed Rate | 2023-09-14 | 6.72% |
| Talladega - Sylacauga 30 Year Fixed Rate Refi | 2023-09-14 | 7.08% |
| Talladega - Sylacauga 15 Year Fixed Rate | 2023-09-14 | 6.51% |
| Talladega - Sylacauga 15 Year Fixed Rate Refi | 2023-09-14 | 6.91% |
| Talladega - Sylacauga 30 Year FHA | 2023-09-14 | 6.34% |
| Talladega - Sylacauga 30 Year FHA Refi | 2023-09-14 | 6.99% |
| Talladega - Sylacauga 30 Year USDA | 2023-09-14 | 6.17% |
| Talladega - Sylacauga 30 Year USDA Refi | 2023-09-14 | 6.98% |
| Talladega - Sylacauga 30 Year VA | 2023-09-14 | 6.72% |
| Talladega - Sylacauga 30 Year VA Refi | 2023-09-14 | 6.81% |
Talladega - Sylacauga 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 Talladega-Sylacauga, AL 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.).
Talladega - Sylacauga Average Closing Costs & Other Stats
Talladega-Sylacauga, AL's 94 lenders originated 1,537
loans during 2022. The total origination value was $288,075,000, with an average loan value of
$187,427.
Talladega - Sylacauga's average closing costs are $4,585.
The top Talladega - Sylacauga lender as defined by loan originations is QUICKEN LOANS, LLC, with
49 loans originated. Their average total fees are
$5,416, which is $1,861
higher than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee Talladega - Sylacauga lenders (with over 10 loans originated) are
Heritage South Credit Union ($2,105), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,369), MOVEMENT MORTGAGE, LLC ($3,555), AOD Federal Credit Union ($4,394) and Regions Bank ($4,410).
The lowest rate Talladega - Sylacauga lenders (with over 10 loans originated) are
AOD Federal Credit Union (3.54%), AMERICA'S FIRST (3.75%), FIRST COMMUNITY MORTGAGE, INC. (4.28%), Regions Bank (4.39%) and Renasant Bank (4.70%).
Talladega-Sylacauga, AL 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $34,130,000 | $21,560,000 | -36.8% | 7.5% |
| MOVEMENT MORTGAGE, LLC | $24,380,000 | $17,600,000 | -27.8% | 6.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $22,355,000 | $13,410,000 | -40.0% | 4.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $13,610,000 | $12,240,000 | -10.1% | 4.2% |
| COREVEST AMERICAN FINANCE LENDER LLC | $11,430,000 | n/a | 4.0% | |
| Heritage South Credit Union | $7,585,000 | $7,760,000 | 2.3% | 2.7% |
| Regions Bank | $11,990,000 | $7,435,000 | -38.0% | 2.6% |
| Renasant Bank | $15,755,000 | $6,960,000 | -55.8% | 2.4% |
| First Bank of Alabama | $5,480,000 | $6,575,000 | 20.0% | 2.3% |
| WALKER & DUNLOP, LLC | $6,105,000 | n/a | 2.1% | |
| Mortgage Research Center, LLC | $6,815,000 | $5,890,000 | -13.6% | 2.0% |
| Truist | $2,225,000 | $5,430,000 | 144.0% | 1.9% |
| BancorpSouth Bank | $4,950,000 | $5,170,000 | 4.4% | 1.8% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $5,980,000 | $5,030,000 | -15.9% | 1.7% |
| AMERICA'S FIRST | $4,080,000 | $4,935,000 | 21.0% | 1.7% |
| LOANDEPOT.COM, LLC | $7,600,000 | $4,930,000 | -35.1% | 1.7% |
| Synovus Bank | $2,255,000 | $4,645,000 | 106.0% | 1.6% |
| Wells Fargo Bank | $3,065,000 | $4,560,000 | 48.8% | 1.6% |
| FIRST COMMUNITY MORTGAGE, INC. | $4,610,000 | $3,860,000 | -16.3% | 1.3% |
| SUCCESS MORTGAGE PARTNERS, INC. | $3,345,000 | $3,810,000 | 13.9% | 1.3% |
| Ameris Bank | $5,360,000 | $3,580,000 | -33.2% | 1.2% |
| Hometown Lenders, Inc. | $4,895,000 | $3,570,000 | -27.1% | 1.2% |
| HUNT MORTGAGE CORPORATION | $3,255,000 | $3,405,000 | 4.6% | 1.2% |
| SouthPoint Bank | $8,530,000 | $3,395,000 | -60.2% | 1.2% |
| Prosperity Home Mortgage, LLC | $2,180,000 | $3,335,000 | 53.0% | 1.2% |
| HOME POINT FINANCIAL CORPORATION | $3,750,000 | $3,300,000 | -12.0% | 1.1% |
| FirstBank | $3,810,000 | $3,260,000 | -14.4% | 1.1% |
| SOUTHWEST FUNDING, LP | $2,295,000 | $3,005,000 | 30.9% | 1.0% |
| PENNYMAC LOAN SERVICES, LLC | $4,740,000 | $2,955,000 | -37.7% | 1.0% |
| 21ST MORTGAGE CORPORATION | $4,120,000 | $2,685,000 | -34.8% | 0.9% |
| AOD Federal Credit Union | $2,075,000 | $2,675,000 | 28.9% | 0.9% |
| Citizens Bank | $900,000 | $2,625,000 | 191.7% | 0.9% |
| ALABAMA TEACHERS | $730,000 | $2,605,000 | 256.8% | 0.9% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,220,000 | $2,525,000 | -51.6% | 0.9% |
| Fort McClellan Credit Union | $125,000 | $2,485,000 | 1,888.0% | 0.9% |
| AMERISAVE MORTGAGE CORPORATION | $3,520,000 | $2,390,000 | -32.1% | 0.8% |
| FBC MORTGAGE, LLC | $4,380,000 | $2,365,000 | -46.0% | 0.8% |
| MORTGAGE INVESTORS GROUP, INC. | $4,570,000 | $2,295,000 | -49.8% | 0.8% |
| Trustmark National Bank | $1,740,000 | $2,185,000 | 25.6% | 0.8% |
| Metro Bank | $1,930,000 | $2,125,000 | 10.1% | 0.7% |
| GUILD MORTGAGE COMPANY | $3,805,000 | $2,080,000 | -45.3% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $10,005,000 | $2,035,000 | -79.7% | 0.7% |
| HONDA Federal Credit Union | $1,610,000 | $2,015,000 | 25.2% | 0.7% |
| TRIAD FINANCIAL SERVICES, INC. | $2,045,000 | $1,995,000 | -2.4% | 0.7% |
| NEW DAY FINANCIAL, LLC | $1,475,000 | $1,775,000 | 20.3% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $1,445,000 | $1,750,000 | 21.1% | 0.6% |
| CB&S Bank, Inc. | $590,000 | $1,500,000 | 154.2% | 0.5% |
| TJC Mortgage, Inc. | $5,550,000 | $1,500,000 | -73.0% | 0.5% |
| INTERLINC MORTGAGE SERVICES, LLC | $4,530,000 | $1,420,000 | -68.7% | 0.5% |
| AlaTrust Credit Union | $1,595,000 | $1,300,000 | -18.5% | 0.5% |
| Flagstar Bank, FSB | $2,070,000 | $1,265,000 | -38.9% | 0.4% |
| PNC Bank | $1,615,000 | $1,265,000 | -21.7% | 0.4% |
| BROKER SOLUTIONS, INC. | $280,000 | $1,220,000 | 335.7% | 0.4% |
| APCO EMPLOYEES | $1,460,000 | $1,175,000 | -19.5% | 0.4% |
| SOUTHWEST STAGE FUNDING, LLC | $750,000 | $1,155,000 | 54.0% | 0.4% |
| Investar Bank | $425,000 | $1,135,000 | 167.1% | 0.4% |
| NEWREZ LLC | $3,065,000 | $1,120,000 | -63.5% | 0.4% |
| ServisFirst Bank | $520,000 | $1,060,000 | 103.8% | 0.4% |
| MILEND, INC. | $115,000 | $1,000,000 | 769.6% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $530,000 | $970,000 | 83.0% | 0.3% |
| LEADERONE FINANCIAL CORPORATION | $1,725,000 | $925,000 | -46.4% | 0.3% |
| Liberty Mortgage Corporation | $2,480,000 | $920,000 | -62.9% | 0.3% |
| EVANSVILLE TEACHERS | $880,000 | $875,000 | -0.6% | 0.3% |
| CALIBER HOME LOANS, INC. | $2,030,000 | $870,000 | -57.1% | 0.3% |
| Southern States Bank | $270,000 | $865,000 | 220.4% | 0.3% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $365,000 | $850,000 | 132.9% | 0.3% |
| CORNERSTONE HOME LENDING, INC. | $830,000 | n/a | 0.3% | |
| Carrington Mortgage Services, LLC | $720,000 | $825,000 | 14.6% | 0.3% |
| Nations Lending Corporation | $540,000 | $790,000 | 46.3% | 0.3% |
| Northpointe Bank | $735,000 | $780,000 | 6.1% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $810,000 | $770,000 | -4.9% | 0.3% |
| EVERETT FINANCIAL, INC. | $765,000 | n/a | 0.3% | |
| GMFS LLC | $1,340,000 | $765,000 | -42.9% | 0.3% |
| DELTA COMMUNITY CREDIT UNION | $755,000 | n/a | 0.3% | |
| M&T Bank | $145,000 | $720,000 | 396.6% | 0.2% |
| CSL Financial, LLC | $1,015,000 | $700,000 | -31.0% | 0.2% |
| United Community Bank | $185,000 | $700,000 | 278.4% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $800,000 | $695,000 | -13.1% | 0.2% |
| PLANET HOME LENDING, LLC | $460,000 | $680,000 | 47.8% | 0.2% |
| Bank of America | $705,000 | $645,000 | -8.5% | 0.2% |
| Progress Bank and Trust | $405,000 | $635,000 | 56.8% | 0.2% |
| HOMESTAR FINANCIAL CORPORATION | $1,545,000 | $620,000 | -59.9% | 0.2% |
| U.S. Bank | $1,180,000 | $620,000 | -47.5% | 0.2% |
| AMERIFIRST FINANCIAL CORPORATION | $465,000 | $615,000 | 32.3% | 0.2% |
| NobleBank & Trust | $1,075,000 | $615,000 | -42.8% | 0.2% |
| South State Bank | $150,000 | $600,000 | 300.0% | 0.2% |
| The Federal Savings Bank | $700,000 | $595,000 | -15.0% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $3,055,000 | $590,000 | -80.7% | 0.2% |
| BAYSHORE MORTGAGE FUNDING, LLC | $2,435,000 | $540,000 | -77.8% | 0.2% |
| JPMorgan Chase Bank | $625,000 | $530,000 | -15.2% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,575,000 | $515,000 | -67.3% | 0.2% |
| CMG MORTGAGE, INC. | $915,000 | $510,000 | -44.3% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $125,000 | $495,000 | 296.0% | 0.2% |
| CANOPY MORTGAGE, LLC | $495,000 | n/a | 0.2% | |
| Mid-Continent Funding, Inc. | $145,000 | $490,000 | 237.9% | 0.2% |
| THE MORTGAGE FIRM, INC. | $475,000 | n/a | 0.2% | |
| RESIDENTIAL BANCORP. | $455,000 | n/a | 0.2% | |
| River Bank & Trust | $455,000 | n/a | 0.2% | |
| The Central Trust Bank | $475,000 | $415,000 | -12.6% | 0.1% |
| Quontic Bank | $405,000 | n/a | 0.1% | |
| West Alabama Bank & Trust | $405,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $400,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $350,000 | $395,000 | 12.9% | 0.1% |
| Consumer First Mortgage, Inc. | $390,000 | n/a | 0.1% | |
| Bryant Bank | $205,000 | $375,000 | 82.9% | 0.1% |
| Central State Bank | $370,000 | $365,000 | -1.4% | 0.1% |
| Community Bank of Mississippi | $155,000 | $360,000 | 132.3% | 0.1% |
| CLEARPATH LENDING | $605,000 | $355,000 | -41.3% | 0.1% |
| Magnolia Bank | $350,000 | $335,000 | -4.3% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $210,000 | $330,000 | 57.1% | 0.1% |
| Deere Employees Credit Union | $325,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $315,000 | n/a | 0.1% | |
| Princeton Mortgage Corporation | $315,000 | n/a | 0.1% | |
| CHERRY CREEK MORTGAGE, LLC | $305,000 | n/a | 0.1% | |
| Citadel Servicing Corporation | $300,000 | n/a | 0.1% | |
| BMO Harris Bank | $295,000 | n/a | 0.1% | |
| Amerifirst Financial, Inc. | $380,000 | $285,000 | -25.0% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,750,000 | $285,000 | -83.7% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $1,085,000 | $285,000 | -73.7% | 0.1% |
| First Federal Bank | $275,000 | n/a | 0.1% | |
| NexBank | $1,280,000 | $275,000 | -78.5% | 0.1% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,205,000 | $270,000 | -77.6% | 0.1% |
| HomePromise Corporation | $265,000 | n/a | 0.1% | |
| Credence Funding Corporation | $255,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $380,000 | $255,000 | -32.9% | 0.1% |
| AMERICAN FINANCING CORPORATION | $240,000 | n/a | 0.1% | |
| SmartBank | $225,000 | n/a | 0.1% | |
| CERTAINTY HOME LOANS, LLC | $145,000 | $215,000 | 48.3% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $215,000 | n/a | 0.1% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $195,000 | $215,000 | 10.3% | 0.1% |
| GENEVA FINANCIAL, LLC | $825,000 | $210,000 | -74.5% | 0.1% |
| First Guaranty Mortgage Corporation | $530,000 | $205,000 | -61.3% | 0.1% |
| GSF Mortgage Corporation | $205,000 | n/a | 0.1% | |
| NBKC BANK | $205,000 | n/a | 0.1% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $460,000 | $200,000 | -56.5% | 0.1% |
| LEGACY COMMUNITY FEDERAL CREDIT UNION | $195,000 | n/a | 0.1% | |
| SWBC MORTGAGE CORPORATION | $195,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $195,000 | $190,000 | -2.6% | 0.1% |
| Assurance Financial Group, L.L.C. | $300,000 | $185,000 | -38.3% | 0.1% |
| Equity Prime Mortgage LLC | $185,000 | n/a | 0.1% | |
| ISERVE RESIDENTIAL LENDING, LLC | $360,000 | $185,000 | -48.6% | 0.1% |
| Northwest Federal Credit Union | $180,000 | n/a | 0.1% | |
| Capital Bank | $175,000 | n/a | 0.1% | |
| CREDIT UNION OF GEORGIA | $175,000 | n/a | 0.1% | |
| FINANCE OF AMERICA MORTGAGE LLC | $470,000 | $175,000 | -62.8% | 0.1% |
| GUARANTEED RATE, INC. | $140,000 | $175,000 | 25.0% | 0.1% |
| USAA Federal Savings Bank | $2,905,000 | $175,000 | -94.0% | 0.1% |
| ZILLOW HOME LOANS, LLC | $125,000 | $165,000 | 32.0% | 0.1% |
| CIS Financial Services, Inc. | $535,000 | $155,000 | -71.0% | 0.1% |
| Eco Credit Union | $455,000 | $155,000 | -65.9% | 0.1% |
| EvaBank | $155,000 | $150,000 | -3.2% | 0.1% |
| SPRING EQ, LLC | $150,000 | n/a | 0.1% | |
| COUNTRYPLACE MORTGAGE, LTD. | $145,000 | n/a | 0.1% | |
| EMM LOANS LLC | $145,000 | n/a | 0.1% | |
| First Internet Bank of Indiana | $145,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $135,000 | n/a | 0.0% | |
| Victorian Finance, LLC | $135,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $125,000 | n/a | 0.0% | |
| CRESCENT MORTGAGE COMPANY | $470,000 | $125,000 | -73.4% | 0.0% |
| Semper Home Loans, Inc. | $125,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $115,000 | n/a | 0.0% | |
| First Option Mortgage, LLC | $115,000 | n/a | 0.0% | |
| GUARANTY HOME MORTGAGE CORPORATION | $345,000 | $115,000 | -66.7% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $115,000 | n/a | 0.0% | |
| NFM, INC. | $115,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $115,000 | n/a | 0.0% | |
| HOMETRUST MORTGAGE COMPANY | $115,000 | $105,000 | -8.7% | 0.0% |
| Legends Bank | $105,000 | n/a | 0.0% | |
| Fifth Third Bank | $335,000 | $95,000 | -71.6% | 0.0% |
| Neighborhood Loans, Inc. | $95,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $115,000 | $95,000 | -17.4% | 0.0% |
| DELMAR FINANCIAL COMPANY | $85,000 | n/a | 0.0% | |
| Listerhill Credit Union | $195,000 | $75,000 | -61.5% | 0.0% |
| PHH Mortgage Corporation | $75,000 | n/a | 0.0% | |
| REDSTONE Federal Credit Union | $590,000 | $75,000 | -87.3% | 0.0% |
| Arvest Bank | $65,000 | n/a | 0.0% | |
| FAMILY SAVINGS | $65,000 | n/a | 0.0% | |
| HOPE FEDERAL CREDIT UNION | $65,000 | n/a | 0.0% | |
| MAX Credit Union | $175,000 | $65,000 | -62.9% | 0.0% |
| Austin Capital Bank SSB | $55,000 | n/a | 0.0% | |
| Discover Bank | $55,000 | n/a | 0.0% | |
| Valley National Bank | $55,000 | n/a | 0.0% | |
| First US Bank | $35,000 | n/a | 0.0% | |
| 1st Franklin Financial Corporation | $75,000 | $15,000 | -80.0% | 0.0% |
Talladega - Sylacauga's top lender by overall market share is QUICKEN LOANS, LLC, with 7.5% market share. In second place, with 6.1%, is MOVEMENT MORTGAGE, LLC, having originated $17,600,000 in loans. In third place, with 4.7%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $13,410,000 in loans. In fourth place, with 4.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $12,240,000 in loans. In fifth place, with 4.0%, is COREVEST AMERICAN FINANCE LENDER LLC, having originated $11,430,000 in loans.
Talladega-Sylacauga, AL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 890 | $167,290,000 | $187,966 |
| Cash Out Refi | 316 | $53,420,000 | $169,051 |
| Refi | 182 | $53,080,000 | $291,648 |
| Other | 77 | $7,605,000 | $98,766 |
| Home Improvement | 72 | $6,680,000 | $92,778 |
Talladega - Sylacauga's most frequently cited loan purpose was Home Purchase, with 890 originations. The 2nd most popular reason was Cash Out Refi, with 316 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 376 | $76,040,000 | $202,234 |
| 4-5% | 350 | $67,480,000 | $192,800 |
| 3-4% | 310 | $60,710,000 | $195,839 |
| 6-7% | 149 | $23,245,000 | $156,007 |
| 2.5-3% | 98 | $24,850,000 | $253,571 |
| 7-8% | 59 | $11,005,000 | $186,525 |
| Over 8% | 55 | $4,855,000 | $88,273 |
| <2.5% | 28 | $4,940,000 | $176,429 |
During 2022, Talladega - Sylacauga's most frequently originated rate bucket was 5-6%, with 376 originations.
Loan Sizing (Talladega-Sylacauga, AL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 654 | $96,520,000 | $147,584 |
| $100,000 or less | 424 | $26,950,000 | $63,561 |
| $200k-400k | 380 | $99,930,000 | $262,974 |
| $400k-600k | 60 | $27,860,000 | $464,333 |
| $Over $1MM | 10 | $30,830,000 | $3,083,000 |
| $600k-1000k | 9 | $5,985,000 | $665,000 |
Talladega - Sylacauga's loan sizing saw the bucket of loans from $100k-200k with 654 originations, totaling $96,520,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 779 | $154,145,000 | $197,875 |
| 60-80% | 334 | $56,980,000 | $170,599 |
| 40-60% | 112 | $19,330,000 | $172,589 |
| Under 20% | 81 | $3,175,000 | $39,198 |
| 20-40% | 75 | $14,165,000 | $188,867 |
| Over 100% | 25 | $16,715,000 | $668,600 |
Talladega - Sylacauga's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 779 originations, totaling $154,145,000 in origination value.