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 6.72% 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%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 49 4.77% $5,416
MOVEMENT MORTGAGE, LLC 35 5.02% $3,555
UNITED WHOLESALE MORTGAGE, LLC 25 4.99% $5,092
Heritage South Credit Union 19 4.86% $2,105
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 19 5.03% $3,369
Renasant Bank 19 4.70% $5,335
FIRST COMMUNITY MORTGAGE, INC. 11 4.28% $6,252
Regions Bank 10 4.39% $4,410
AMERICA'S FIRST 10 3.75% $4,526
AOD Federal Credit Union 10 3.54% $4,394
SouthPoint Bank 9 4.64% $4,387
Trustmark National Bank 9 5.79% $3,426
Ameris Bank 8 5.20% $3,996
Hometown Lenders, Inc. 8 5.17% $6,976
LOANDEPOT.COM, LLC 8 4.17% $6,675
Wells Fargo Bank 8 4.30% $3,997
MORTGAGE INVESTORS GROUP, INC. 7 4.71% $3,954
Mr. Cooper ( Nationstar Mortgage ) 7 4.85% $6,578
FirstBank 7 4.68% $3,680
Truist 6 4.44% $3,576
HOME POINT FINANCIAL CORPORATION 6 4.15% $5,650
SUCCESS MORTGAGE PARTNERS, INC. 6 5.15% $6,058
FBC MORTGAGE, LLC 6 4.10% $4,351
HONDA Federal Credit Union 5 5.15% $2,804
HUNT MORTGAGE CORPORATION 5 4.73% $4,663
GUILD MORTGAGE COMPANY 4 5.78% $5,406
BROKER SOLUTIONS, INC. 4 5.75% $5,274
PENNYMAC LOAN SERVICES, LLC 4 5.56% $5,570
Citizens Bank 4 6.09% $4,708
Prosperity Home Mortgage, LLC 4 4.66% $3,219
AMERISAVE MORTGAGE CORPORATION 4 4.21% $5,107
FREEDOM MORTGAGE CORPORATION 4 4.63% $3,733
BancorpSouth 4 5.44% $3,445
TJC Mortgage, Inc. 4 4.50% $3,960
Liberty Mortgage Corporation 4 5.41% $3,275
VANDERBILT MORTGAGE AND FINANCE, INC. 4 6.47% $4,276
NAVY FEDERAL CREDIT UNION 3 6.13% $4,993
Flagstar Bank, FSB 3 4.37% $3,672
M&T Bank 3 4.71% $4,154
INTERLINC MORTGAGE SERVICES, LLC 2 4.74% $3,503
GMFS LLC 2 4.00% $4,107
Bank of America 2 5.50% $5,898
DELTA COMMUNITY CREDIT UNION 2 5.13% $5,361
South State Bank 2 5.13% $6,711
EVERETT FINANCIAL, INC. 2 5.63% $2,259
CALIBER HOME LOANS, INC. 2 5.75% $3,689
ANGEL OAK MORTGAGE SOLUTIONS LLC 2 4.56% $4,023
Mortgage Research Center, LLC 1 5.13% $6,063
AMERICAN FINANCING CORPORATION 1 3.50% $5,406
Arvest Bank 1 6.00% $3,051
BMO Harris Bank 1 4.63% $3,523
Bryant Bank 1 5.88% $3,229
CALCON MUTUAL MORTGAGE LLC 1 3.50% $5,264
CANOPY MORTGAGE, LLC 1 5.38% $4,869
Carrington Mortgage Services, LLC 1 3.75% $5,148
CB&S Bank, Inc. 1 4.71% $5,680
CERTAINTY HOME LOANS, LLC 1 4.38% $5,305
CHURCHILL MORTGAGE CORPORATION 1 6.38% $3,538
CMG MORTGAGE, INC. 1 6.25% $3,927
Consumer First Mortgage, Inc. 1 3.50% $3,769
Credence Funding Corporation 1 4.63% $10,596
CRESCENT MORTGAGE COMPANY 1 3.75% $2,831
CROSSCOUNTRY MORTGAGE, LLC 1 2.99% $11,517
Deere Employees Credit Union 1 2.75% $3,048
DELMAR FINANCIAL COMPANY 1 5.25% $7,093
EMBRACE HOME LOANS, INC. 1 5.75% $8,239
EVANSVILLE TEACHERS 1 6.25% $2,848
First Internet Bank of Indiana 1 5.00% $2,813
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.25% $4,955
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.50% $4,115
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.63% $9,863
HOPE FEDERAL CREDIT UNION 1 5.50% $3,135
JPMorgan Chase Bank 1 4.88% $5,335
LEADERONE FINANCIAL CORPORATION 1 5.63% $11,294
Listerhill Credit Union 1 4.38% $1,642
MILEND, INC. 1 5.38% $6,362
ALABAMA TEACHERS 1 3.50% $1,424
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.88% $6,567
Nations Lending Corporation 1 4.38% $1,479
NBKC BANK 1 5.88% $3,631
NexBank 1 4.75% $5,301
Northpointe Bank 1 5.49% $8,139
PLANET HOME LENDING, LLC 1 4.13% $4,511
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.99% $3,488
Quontic Bank 1 6.88% $8,107
REDSTONE Federal Credit Union 1 5.25% $3,098
RESIDENTIAL BANCORP 1 6.25% $10,193
River Bank & Trust 1 5.65% $315
ServisFirst Bank 1 4.75% $3,594
Sierra Pacific Mortgage Company, Inc. 1 4.25% $3,742
SmartBank 1 4.88% $5,303
United Community Bank 1 7.04% $4,480
U.S. Bank 1 5.25% $5,063
ZILLOW HOME LOANS, LLC 1 4.38% $3,910

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.