Talladega - Sylacauga Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Talladega - Sylacauga averaged 6.73% for the week of 2024-07-18, compared to the national average of 6.77% for the same period.

The average rate for the prior week (2024-07-11) was 7.15% and one month ago for the week of 2024-06-13, the average rate was 7.01%.

Talladega - Sylacauga's average rate one year ago was 6.82%.

For refis of the same type during the week of 2024-07-18, the average rate was 7.07%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-18 6.77%
Talladega - Sylacauga 30 Year Fixed Rate 2024-07-18 6.73%
Talladega - Sylacauga 30 Year Fixed Rate Refi 2024-07-18 7.07%
Talladega - Sylacauga 15 Year Fixed Rate 2024-07-18 5.85%
Talladega - Sylacauga 15 Year Fixed Rate Refi 2024-07-18 6.35%
Talladega - Sylacauga 30 Year FHA 2024-07-18 6.69%
Talladega - Sylacauga 30 Year FHA Refi 2024-07-18 6.49%
Talladega - Sylacauga 30 Year USDA 2024-07-18 6.63%
Talladega - Sylacauga 30 Year USDA Refi 2024-07-18 6.53%
Talladega - Sylacauga 30 Year VA 2024-07-18 6.33%
Talladega - Sylacauga 30 Year VA Refi 2024-07-18 6.3%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Talladega-Sylacauga, AL.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
MOVEMENT MORTGAGE, LLC 30 6.86% $3,754
QUICKEN LOANS, LLC 27 6.75% $5,776
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 20 6.85% $3,909
Regions Bank 13 6.61% $3,968
Renasant Bank 12 7.09% $5,179
UNITED WHOLESALE MORTGAGE, LLC 11 6.90% $6,878
FIRST COMMUNITY MORTGAGE, INC. 8 6.87% $5,469
SouthPoint Bank 6 6.38% $3,097
First Federal Bank, A FSB 6 6.73% $72,725
LOANDEPOT.COM, LLC 6 6.85% $5,109
Heritage South Credit Union 6 6.96% $2,332
VANDERBILT MORTGAGE AND FINANCE, INC. 5 7.77% $4,637
Wells Fargo Bank 5 7.53% $2,872
Assurance Financial Group, L.L.C. 4 6.97% $6,824
AMERICA'S FIRST 4 7.25% $4,224
NAVY FEDERAL CREDIT UNION 4 7.53% $4,782
Ameris Bank 4 6.40% $5,662
Prosperity Home Mortgage, LLC 4 7.72% $3,751
AlaTrust Credit Union 3 6.58% $3,535
Flagstar Bank, FSB 3 7.22% $4,367
Hamilton Mortgage Corporation 3 7.46% $6,670
UNION HOME MORTGAGE CORP. 3 6.75% $6,458
AOD Federal Credit Union 3 6.25% $3,054
SUCCESS MORTGAGE PARTNERS, INC. 3 6.67% $4,800
HOMESTAR FINANCIAL CORPORATION 3 6.88% $4,319
CMG MORTGAGE, INC. 3 6.29% $5,031
PENNYMAC LOAN SERVICES, LLC 3 6.75% $5,462
JPMorgan Chase Bank 3 6.66% $4,301
HUNT MORTGAGE CORPORATION 2 7.31% $3,593
ALABAMA TEACHERS 2 6.88% $2,451
AVADIAN 2 6.31% $6,892
BROKER SOLUTIONS, INC. 2 6.00% $7,651
Consumer First Mortgage, Inc. 2 5.88% $7,518
FBC MORTGAGE, LLC 2 7.25% $5,734
GUILD MORTGAGE COMPANY 2 6.44% $5,179
21ST MORTGAGE CORPORATION 2 8.75% $5,495
Jefferson Credit Union 2 6.95% $2,894
Mr. Cooper ( Nationstar Mortgage ) 2 6.93% $6,137
Synovus Bank 2 7.19% $3,395
Truist 2 7.13% $5,580
LENOX FINANCIAL MORTGAGE CORPORATION 1 7.13% $3,746
EMM LOANS LLC 1 6.50% $7,348
Metro City Bank 1 7.38% $3,878
Morgan Stanley Private Bank 1 5.80% $2,808
MORTGAGE INVESTORS GROUP, INC. 1 7.50% $5,443
Mortgage Research Center, LLC 1 8.13% $2,565
EMBRACE HOME LOANS, INC. 1 5.63% $4,359
U.S. Bank 1 5.99% $4,166
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.75% $4,673
Discover Bank 1 7.79% $0
Neighborhood Loans, Inc. 1 6.88% $5,429
NexBank 1 6.63% $6,910
Paramount Residential Mortgage Group, Inc. 1 6.88% $2,495
CREDIT UNION FINANCIAL SERVICES, LLC 1 5.75% $7,487
PNC Bank 1 6.25% $3,082
CORNERSTONE HOME LENDING, INC. 1 6.50% $1,077
Cornerstone First Mortgage, Inc 1 7.50% $6,398
REDSTONE Federal Credit Union 1 6.75% $2,571
Colonial Savings, F.A. 1 6.25% $6,607
RELIANCE FIRST CAPITAL, LLC 1 6.13% $5,901
Citizens Bank 1 6.50% $6,633
ServisFirst Bank 1 6.13% $9,818
BETTER MORTGAGE CORPORATION 1 5.38% $6,848
BancorpSouth 1 7.00% $3,126
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.75% $3,661
The Loan Store, Inc. 1 7.50% $4,079
ALAMEDA MORTGAGE CORPORATION 1 6.88% $4,164
Trustmark National Bank 1 6.25% $2,909
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 8.25% $7,827
First Federal Bank 1 5.50% $6,463
FirstBank 1 6.88% $6,301
AMERISAVE MORTGAGE CORPORATION 1 5.99% $3,764
USAA Federal Savings Bank 1 5.63% $21,990
EVERETT FINANCIAL, INC. 1 6.88% $9,469

Talladega - Sylacauga Average Closing Costs & Other Stats

Talladega-Sylacauga, AL's 74 lenders originated 1,142 loans during 2023. The total origination value was $196,160,000, with an average loan value of $171,769.

Talladega - Sylacauga's average closing costs are $4,870.

The top Talladega - Sylacauga lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 30 loans originated. Their average total fees are $3,754, which is $2,022 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Talladega - Sylacauga lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC ($3,754), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,909), Regions Bank ($3,968), Renasant Bank ($5,179) and QUICKEN LOANS, LLC ($5,776).

The lowest rate Talladega - Sylacauga lenders (with over 10 loans originated) are Regions Bank (6.61%), QUICKEN LOANS, LLC (6.75%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.85%), MOVEMENT MORTGAGE, LLC (6.86%) and UNITED WHOLESALE MORTGAGE, LLC (6.90%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
MOVEMENT MORTGAGE, LLC $17,600,000 $16,265,000 -7.6% 8.3%
QUICKEN LOANS, LLC $21,560,000 $13,030,000 -39.6% 6.6%
UNITED WHOLESALE MORTGAGE, LLC $12,240,000 $9,675,000 -21.0% 4.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $13,410,000 $9,065,000 -32.4% 4.6%
First Bank of Alabama $6,575,000 $7,560,000 15.0% 3.9%
VANDERBILT MORTGAGE AND FINANCE, INC. $5,030,000 $6,375,000 26.7% 3.2%
Renasant Bank $6,960,000 $6,145,000 -11.7% 3.1%
ALL IN $5,640,000 n/a 2.9%
Regions Bank $7,435,000 $5,510,000 -25.9% 2.8%
SouthPoint Bank $3,395,000 $4,875,000 43.6% 2.5%
FIRST COMMUNITY MORTGAGE, INC. $3,860,000 $4,335,000 12.3% 2.2%
Heritage South Credit Union $7,760,000 $4,080,000 -47.4% 2.1%
Metro Bank $2,125,000 $3,480,000 63.8% 1.8%
GUILD MORTGAGE COMPANY $2,080,000 $3,150,000 51.4% 1.6%
Mortgage Research Center, LLC $5,890,000 $3,095,000 -47.5% 1.6%
21ST MORTGAGE CORPORATION $2,685,000 $2,950,000 9.9% 1.5%
AMERICA'S FIRST $4,935,000 $2,905,000 -41.1% 1.5%
GREYSTONE SERVICING COMPANY LLC $2,885,000 n/a 1.5%
FirstBank $3,260,000 $2,625,000 -19.5% 1.3%
TRIAD FINANCIAL SERVICES, INC. $1,995,000 $2,590,000 29.8% 1.3%
PENNYMAC LOAN SERVICES, LLC $2,955,000 $2,480,000 -16.1% 1.3%
Ameris Bank $3,580,000 $2,330,000 -34.9% 1.2%
LOANDEPOT.COM, LLC $4,930,000 $2,245,000 -54.5% 1.1%
FREEDOM MORTGAGE CORPORATION $2,035,000 $2,220,000 9.1% 1.1%
HUNT MORTGAGE CORPORATION $3,405,000 $2,125,000 -37.6% 1.1%
NAVY FEDERAL CREDIT UNION $1,750,000 $2,090,000 19.4% 1.1%
CORNERSTONE HOME LENDING, INC. $830,000 $2,060,000 148.2% 1.1%
First Federal Bank, A FSB $1,880,000 n/a 1.0%
HOMESTAR FINANCIAL CORPORATION $620,000 $1,750,000 182.3% 0.9%
Wells Fargo Bank $4,560,000 $1,730,000 -62.1% 0.9%
Prosperity Home Mortgage, LLC $3,335,000 $1,690,000 -49.3% 0.9%
SUCCESS MORTGAGE PARTNERS, INC. $3,810,000 $1,600,000 -58.0% 0.8%
AVADIAN $1,550,000 n/a 0.8%
Assurance Financial Group, L.L.C. $185,000 $1,500,000 710.8% 0.8%
BROKER SOLUTIONS, INC. $1,220,000 $1,325,000 8.6% 0.7%
Hamilton Mortgage Corporation $1,280,000 n/a 0.7%
NEW DAY FINANCIAL, LLC $1,775,000 $1,280,000 -27.9% 0.7%
FBC MORTGAGE, LLC $2,365,000 $1,260,000 -46.7% 0.6%
UNION HOME MORTGAGE CORP. $1,195,000 n/a 0.6%
AlaTrust Credit Union $1,300,000 $1,180,000 -9.2% 0.6%
Truist $5,430,000 $960,000 -82.3% 0.5%
USAA Federal Savings Bank $175,000 $945,000 440.0% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $2,525,000 $915,000 -63.8% 0.5%
RELIANCE FIRST CAPITAL, LLC $905,000 n/a 0.5%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $900,000 n/a 0.5%
Synovus Bank $4,645,000 $875,000 -81.2% 0.4%
SmartBank $225,000 $870,000 286.7% 0.4%
CMG MORTGAGE, INC. $510,000 $860,000 68.6% 0.4%
EMBRACE HOME LOANS, INC. $400,000 $860,000 115.0% 0.4%
PNC Bank $1,265,000 $830,000 -34.4% 0.4%
TJC Mortgage, Inc. $1,500,000 $805,000 -46.3% 0.4%
BancorpSouth $5,170,000 $795,000 -84.6% 0.4%
HONDA Federal Credit Union $2,015,000 $790,000 -60.8% 0.4%
ServisFirst Bank $1,060,000 $770,000 -27.4% 0.4%
JPMorgan Chase Bank $530,000 $710,000 34.0% 0.4%
Flagstar Bank, FSB $1,265,000 $705,000 -44.3% 0.4%
MILEND, INC. $1,000,000 $695,000 -30.5% 0.4%
ALAMEDA MORTGAGE CORPORATION $685,000 n/a 0.3%
Plains Commerce Bank $675,000 n/a 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $970,000 $670,000 -30.9% 0.3%
SOUTHWEST STAGE FUNDING, LLC $1,155,000 $665,000 -42.4% 0.3%
CIS Financial Services, Inc. $155,000 $660,000 325.8% 0.3%
EVANSVILLE TEACHERS $875,000 $655,000 -25.1% 0.3%
Equity Prime Mortgage LLC $185,000 $570,000 208.1% 0.3%
ALABAMA TEACHERS $2,605,000 $555,000 -78.7% 0.3%
Farmers & Merchants Bank $555,000 n/a 0.3%
Southern States Bank $865,000 $535,000 -38.2% 0.3%
Barrington Bank & Trust Company, N.A. $530,000 n/a 0.3%
River Bank & Trust $455,000 $470,000 3.3% 0.2%
The Loan Store, Inc. $470,000 n/a 0.2%
CSL Financial, LLC $700,000 $465,000 -33.6% 0.2%
AMERICAN FINANCIAL NETWORK, INC. $455,000 n/a 0.2%
MORTGAGE INVESTORS GROUP, INC. $2,295,000 $440,000 -80.8% 0.2%
APCO EMPLOYEES $1,175,000 $435,000 -63.0% 0.2%
Consumer First Mortgage, Inc. $390,000 $430,000 10.3% 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $425,000 n/a 0.2%
ACOPIA, LLC $420,000 n/a 0.2%
AMERISAVE MORTGAGE CORPORATION $2,390,000 $410,000 -82.8% 0.2%
First Federal Bank $275,000 $410,000 49.1% 0.2%
EMM LOANS LLC $145,000 $385,000 165.5% 0.2%
OCMBC, INC. $385,000 n/a 0.2%
Trustmark National Bank $2,185,000 $380,000 -82.6% 0.2%
ANGEL OAK MORTGAGE SOLUTIONS LLC $190,000 $375,000 97.4% 0.2%
Colonial Savings, F.A. $365,000 n/a 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $495,000 $360,000 -27.3% 0.2%
LAKEVIEW LOAN SERVICING, LLC $590,000 $360,000 -39.0% 0.2%
United Community Bank $700,000 $360,000 -48.6% 0.2%
CLEARPATH LENDING $355,000 $355,000 0.0% 0.2%
DAS Acquisition Company, LLC $355,000 n/a 0.2%
GMFS LLC $765,000 $355,000 -53.6% 0.2%
South State Bank $600,000 $350,000 -41.7% 0.2%
VILLAGE CAPITAL MORTGAGE $285,000 $350,000 22.8% 0.2%
EVERETT FINANCIAL, INC. $765,000 $345,000 -54.9% 0.2%
Guardian Credit Union $345,000 n/a 0.2%
NexBank $275,000 $335,000 21.8% 0.2%
ZILLOW HOME LOANS, LLC $165,000 $335,000 103.0% 0.2%
U.S. Bank $620,000 $320,000 -48.4% 0.2%
Citizens Bank $2,625,000 $315,000 -88.0% 0.2%
GSF Mortgage Corporation $205,000 $305,000 48.8% 0.2%
FINANCE OF AMERICA REVERSE LLC $295,000 n/a 0.2%
LONGBRIDGE FINANCIAL, LLC $285,000 n/a 0.1%
SECURITYNATIONAL MORTGAGE COMPANY $285,000 $285,000 0.0% 0.1%
First Horizon Bank $280,000 n/a 0.1%
M&T Bank $720,000 $275,000 -61.8% 0.1%
AOD Federal Credit Union $2,675,000 $265,000 -90.1% 0.1%
Carrington Mortgage Services, LLC $825,000 $265,000 -67.9% 0.1%
FirstTrust Home Loans, Inc. $265,000 n/a 0.1%
BETTER MORTGAGE CORPORATION $255,000 n/a 0.1%
CANOPY MORTGAGE, LLC $495,000 $255,000 -48.5% 0.1%
Cornerstone First Mortgage, Inc $255,000 n/a 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $115,000 $255,000 121.7% 0.1%
NobleBank & Trust $615,000 $250,000 -59.3% 0.1%
BAYSHORE MORTGAGE FUNDING, LLC $540,000 $240,000 -55.6% 0.1%
ENVOY MORTGAGE, LTD $235,000 n/a 0.1%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $225,000 n/a 0.1%
GUARANTEED RATE AFFINITY, LLC $315,000 $225,000 -28.6% 0.1%
Morgan Stanley Private Bank $225,000 n/a 0.1%
Fort McClellan Credit Union $2,485,000 $215,000 -91.3% 0.1%
ISERVE RESIDENTIAL LENDING, LLC $185,000 $215,000 16.2% 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $210,000 n/a 0.1%
Bryant Bank $375,000 $205,000 -45.3% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $205,000 n/a 0.1%
GUARANTEED RATE, INC. $175,000 $195,000 11.4% 0.1%
LENOX FINANCIAL MORTGAGE CORPORATION $195,000 n/a 0.1%
Peoples Bank $195,000 n/a 0.1%
LIMA ONE CAPITAL, LLC $180,000 n/a 0.1%
REDSTONE Federal Credit Union $75,000 $175,000 133.3% 0.1%
TOP FLITE FINANCIAL, INC. $175,000 n/a 0.1%
Jefferson Credit Union $170,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $165,000 n/a 0.1%
The Federal Savings Bank $595,000 $165,000 -72.3% 0.1%
MID AMERICA MORTGAGE, INC. $135,000 $160,000 18.5% 0.1%
Nations Lending Corporation $790,000 $160,000 -79.7% 0.1%
Community Bank of Mississippi $360,000 $155,000 -56.9% 0.1%
CREDIT UNION FINANCIAL SERVICES, LLC $155,000 n/a 0.1%
HOMEOWNERS FINANCIAL GROUP USA, LLC $850,000 $155,000 -81.8% 0.1%
LENDINGHOME FUNDING CORPORATION $155,000 n/a 0.1%
Discover Bank $55,000 $150,000 172.7% 0.1%
Coastal Community Bank $145,000 n/a 0.1%
CROSSCOUNTRY MORTGAGE, LLC $515,000 $135,000 -73.8% 0.1%
NFM, INC. $115,000 $135,000 17.4% 0.1%
Bank of America $645,000 $130,000 -79.8% 0.1%
STOCKTON MORTGAGE CORPORATION $130,000 n/a 0.1%
Metro City Bank $125,000 n/a 0.1%
Robertson Banking Company $125,000 n/a 0.1%
A&D Mortgage LLC $115,000 n/a 0.1%
BAY EQUITY LLC $115,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $395,000 $115,000 -70.9% 0.1%
DELTA COMMUNITY CREDIT UNION $755,000 $105,000 -86.1% 0.1%
Figure Lending LLC $105,000 n/a 0.1%
Neighborhood Loans, Inc. $95,000 $105,000 10.5% 0.1%
CARDINAL FINANCIAL $270,000 $95,000 -64.8% 0.0%
First South Farm Credit, ACA $95,000 n/a 0.0%
Ixonia Bank $95,000 n/a 0.0%
Bank of England $85,000 n/a 0.0%
CREDIT UNION OF GEORGIA $175,000 $75,000 -57.1% 0.0%
PENTAGON FEDERAL CREDIT UNION $60,000 n/a 0.0%
Eco Credit Union $155,000 $55,000 -64.5% 0.0%
Investar Bank $1,135,000 $55,000 -95.2% 0.0%
Valley National Bank $55,000 $45,000 -18.2% 0.0%
CB&S Bank, Inc. $1,500,000 $35,000 -97.7% 0.0%
FAMILY SAVINGS $65,000 $25,000 -61.5% 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $695,000 $25,000 -96.4% 0.0%

Talladega - Sylacauga's top lender by overall market share is MOVEMENT MORTGAGE, LLC, with 8.3% market share. In second place, with 6.6%, is QUICKEN LOANS, LLC, having originated $13,030,000 in loans. In third place, with 4.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $9,675,000 in loans. In fourth place, with 4.6%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $9,065,000 in loans. In fifth place, with 3.9%, is First Bank of Alabama, having originated $7,560,000 in loans.

Talladega-Sylacauga, AL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 764 $144,610,000 $189,280
Cash Out Refi 130 $19,730,000 $151,769
Other 91 $7,755,000 $85,220
Refi 90 $19,080,000 $212,000
Home Improvement 67 $4,985,000 $74,403

Talladega - Sylacauga's most frequently cited loan purpose was Home Purchase, with 764 originations. The 2nd most popular reason was Cash Out Refi, with 130 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 405 $76,365,000 $188,556
7-8% 264 $43,920,000 $166,364
Over 8% 221 $25,465,000 $115,226
5-6% 147 $29,245,000 $198,946
4-5% 19 $3,525,000 $185,526
<2.5% 4 $1,200,000 $300,000
3-4% 3 $365,000 $121,667

During 2023, Talladega - Sylacauga's most frequently originated rate bucket was 6-7%, with 405 originations.

Loan Sizing (Talladega-Sylacauga, AL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 429 $63,305,000 $147,564
$100,000 or less 367 $21,325,000 $58,106
$200k-400k 288 $75,370,000 $261,701
$400k-600k 39 $17,925,000 $459,615
$600k-1000k 15 $10,505,000 $700,333
$Over $1MM 4 $7,730,000 $1,932,500

Talladega - Sylacauga's loan sizing saw the bucket of loans from $100k-200k with 429 originations, totaling $63,305,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 578 $112,750,000 $195,069
60-80% 184 $39,630,000 $215,380
20-40% 95 $9,225,000 $97,105
Under 20% 93 $2,745,000 $29,516
40-60% 74 $10,950,000 $147,973
Over 100% 27 $6,095,000 $225,741

Talladega - Sylacauga's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 578 originations, totaling $112,750,000 in origination value.