TALLAHASSEE Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Tallahassee averaged
6.76%
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
6.79% and
one month ago for the week of 2025-05-15, the
average rate was 6.86%.
Tallahassee's average rate one year ago was 6.8%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.51%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Tallahassee 30 Year Fixed Rate | 2025-06-18 | 6.76% |
| Tallahassee 30 Year Fixed Rate Refi | 2025-06-18 | 7.51% |
| Tallahassee 15 Year Fixed Rate | 2025-06-18 | 6.22% |
| Tallahassee 15 Year Fixed Rate Refi | 2025-06-18 | 6.26% |
| Tallahassee 30 Year FHA | 2025-06-18 | -0.33% |
| Tallahassee 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Tallahassee 30 Year USDA | 2025-06-18 | 0% |
| Tallahassee 30 Year USDA Refi | 2025-06-18 | 0.1% |
| Tallahassee 30 Year VA | 2025-06-18 | 0.16% |
| Tallahassee 30 Year VA Refi | 2025-06-18 | -0.41% |
TALLAHASSEE 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 TALLAHASSEE, FL 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.).
TALLAHASSEE Average Closing Costs & Other Stats
TALLAHASSEE, FL's 198 lenders originated 6,047
loans during 2024. The total origination value was $2,518,305,000, with an average loan value of
$416,455.
TALLAHASSEE's average closing costs are $5,834.
The top TALLAHASSEE lender as defined by loan originations is QUICKEN LOANS, LLC, with
213 loans originated. Their average total fees are
$6,780, which is $1,056
lower than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee TALLAHASSEE lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($3,551), JPMorgan Chase Bank ($4,103), Envision Credit Union ($4,559), FIRST FLORIDA Credit Union ($4,975) and Bank of America ($5,097).
The lowest rate TALLAHASSEE lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.73%), FIRST COMMERCE CREDIT UNION (6.13%), BAY CAPITAL MORTGAGE CORPORATION (6.26%), PROVIDENT FUNDING ASSOCIATES, L.P. (6.48%) and Bank of America (6.49%).
TALLAHASSEE, FL 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 |
|---|---|---|---|---|
| Wells Fargo Bank | $9,785,000 | $953,500,000 | 9,644.5% | 37.9% |
| QUICKEN LOANS, LLC | $79,670,000 | $108,255,000 | 35.9% | 4.3% |
| University Bank | $106,300,000 | $87,365,000 | -17.8% | 3.5% |
| ServisFirst Bank | $48,945,000 | $80,945,000 | 65.4% | 3.2% |
| MOVEMENT MORTGAGE, LLC | $78,570,000 | $79,925,000 | 1.7% | 3.2% |
| Regions Bank | $12,295,000 | $72,480,000 | 489.5% | 2.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $55,725,000 | $71,540,000 | 28.4% | 2.8% |
| GMFS LLC | $47,880,000 | $60,470,000 | 26.3% | 2.4% |
| DHI MORTGAGE COMPANY, LTD. | $26,290,000 | $51,785,000 | 97.0% | 2.1% |
| Capital City Home Loans, LLC | $56,510,000 | $46,930,000 | -17.0% | 1.9% |
| FIRST COMMERCE CREDIT UNION | $32,685,000 | $46,300,000 | 41.7% | 1.8% |
| LOANDEPOT.COM, LLC | $66,010,000 | $43,275,000 | -34.4% | 1.7% |
| Ameris Bank | $37,915,000 | $38,665,000 | 2.0% | 1.5% |
| Mortgage Research Center, LLC | $25,520,000 | $30,775,000 | 20.6% | 1.2% |
| Prime Meridian Bank | $30,280,000 | $25,830,000 | -14.7% | 1.0% |
| Truist | $26,490,000 | $23,325,000 | -11.9% | 0.9% |
| Arbor Realty Trust, Inc. | $33,930,000 | $21,415,000 | -36.9% | 0.9% |
| NAVY FEDERAL CREDIT UNION | $13,220,000 | $19,055,000 | 44.1% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $7,470,000 | $15,340,000 | 105.4% | 0.6% |
| Capital City Bank | $10,475,000 | $14,445,000 | 37.9% | 0.6% |
| 21ST MORTGAGE CORPORATION | $9,575,000 | $13,555,000 | 41.6% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $9,420,000 | $13,145,000 | 39.5% | 0.5% |
| DELMAR FINANCIAL COMPANY | $14,875,000 | $12,705,000 | -14.6% | 0.5% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $6,100,000 | $12,055,000 | 97.6% | 0.5% |
| The First, A National Banking Association | $7,285,000 | $12,030,000 | 65.1% | 0.5% |
| Synovus Bank | $13,675,000 | $11,320,000 | -17.2% | 0.4% |
| FIRST COMMUNITY MORTGAGE, INC. | $3,700,000 | $11,250,000 | 204.1% | 0.4% |
| BAY CAPITAL MORTGAGE CORPORATION | $14,265,000 | $11,235,000 | -21.2% | 0.4% |
| UNION HOME MORTGAGE CORP. | $15,625,000 | $10,615,000 | -32.1% | 0.4% |
| STOCKTON MORTGAGE CORPORATION | $350,000 | $10,515,000 | 2,904.3% | 0.4% |
| Centennial Bank | $14,140,000 | $10,080,000 | -28.7% | 0.4% |
| Bank of America | $11,520,000 | $9,960,000 | -13.5% | 0.4% |
| LENDINGHOME FUNDING CORPORATION | $8,740,000 | $9,835,000 | 12.5% | 0.4% |
| FIRST FLORIDA Credit Union | $6,400,000 | $9,290,000 | 45.2% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $6,305,000 | $9,180,000 | 45.6% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,230,000 | $8,555,000 | 18.3% | 0.3% |
| CBRE MULTIFAMILY CAPITAL, INC. | $8,505,000 | n/a | 0.3% | |
| CROSSCOUNTRY MORTGAGE, LLC | $5,505,000 | $8,150,000 | 48.0% | 0.3% |
| Grandbridge Real Estate Capital LLC | $7,500,000 | n/a | 0.3% | |
| JPMorgan Chase Bank | $8,225,000 | $6,940,000 | -15.6% | 0.3% |
| LIMA ONE CAPITAL, LLC | $2,945,000 | $6,715,000 | 128.0% | 0.3% |
| CAMPUS USA | $2,610,000 | $6,300,000 | 141.4% | 0.3% |
| VILLAGE CAPITAL MORTGAGE | $1,700,000 | $6,150,000 | 261.8% | 0.2% |
| Hancock Whitney Bank | $14,095,000 | $6,100,000 | -56.7% | 0.2% |
| VYSTAR | $7,015,000 | $6,075,000 | -13.4% | 0.2% |
| USAA Federal Savings Bank | $8,685,000 | $5,930,000 | -31.7% | 0.2% |
| Fifth Third Bank | $4,030,000 | $5,845,000 | 45.0% | 0.2% |
| TC FEDERAL BANK | $9,150,000 | $5,845,000 | -36.1% | 0.2% |
| Envision Credit Union | $23,525,000 | $5,840,000 | -75.2% | 0.2% |
| TOWNE MORTGAGE COMPANY | $3,770,000 | $5,235,000 | 38.9% | 0.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $6,855,000 | $5,075,000 | -26.0% | 0.2% |
| VAN DYK MORTGAGE CORPORATION | $6,430,000 | $4,985,000 | -22.5% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $2,535,000 | $4,895,000 | 93.1% | 0.2% |
| NEWREZ LLC | $3,590,000 | $4,860,000 | 35.4% | 0.2% |
| Carrington Mortgage Services, LLC | $5,615,000 | $4,850,000 | -13.6% | 0.2% |
| South State Bank | $2,465,000 | $4,800,000 | 94.7% | 0.2% |
| GUARANTEED RATE, INC. | $2,165,000 | $4,750,000 | 119.4% | 0.2% |
| BROKER SOLUTIONS, INC. | $3,360,000 | $4,580,000 | 36.3% | 0.2% |
| Third Federal Savings and Loan Association of Cleveland | $2,430,000 | $4,510,000 | 85.6% | 0.2% |
| CMG MORTGAGE, INC. | $2,250,000 | $4,465,000 | 98.4% | 0.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $910,000 | $4,295,000 | 372.0% | 0.2% |
| Seacoast National Bank | $920,000 | $4,160,000 | 352.2% | 0.2% |
| Equity Prime Mortgage LLC | $2,285,000 | $4,120,000 | 80.3% | 0.2% |
| ENVOY MORTGAGE, LTD | $3,855,000 | n/a | 0.2% | |
| CARDINAL FINANCIAL | $5,785,000 | $3,520,000 | -39.2% | 0.1% |
| EVERETT FINANCIAL, INC. | $1,285,000 | $3,445,000 | 168.1% | 0.1% |
| UBS Bank USA | $1,760,000 | $3,385,000 | 92.3% | 0.1% |
| Bell Bank | $6,380,000 | $3,220,000 | -49.5% | 0.1% |
| PeoplesSouth Bank | $3,590,000 | $3,100,000 | -13.6% | 0.1% |
| Plains Commerce Bank | $1,995,000 | $3,095,000 | 55.1% | 0.1% |
| AMWEST FUNDING CORP. | $1,580,000 | $3,050,000 | 93.0% | 0.1% |
| U.S. Bank | $3,470,000 | $2,865,000 | -17.4% | 0.1% |
| PNC Bank | $1,435,000 | $2,860,000 | 99.3% | 0.1% |
| The Loan Store, Inc. | $605,000 | $2,840,000 | 369.4% | 0.1% |
| Nations Lending Corporation | $1,330,000 | $2,815,000 | 111.7% | 0.1% |
| City National Bank of Florida | $2,700,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,520,000 | $2,675,000 | 6.2% | 0.1% |
| NBKC BANK | $550,000 | $2,580,000 | 369.1% | 0.1% |
| Flagstar Bank, FSB | $2,420,000 | $2,575,000 | 6.4% | 0.1% |
| Discover Bank | $2,605,000 | $2,555,000 | -1.9% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $8,300,000 | $2,545,000 | -69.3% | 0.1% |
| OCMBC, INC. | $930,000 | $2,415,000 | 159.7% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $800,000 | $2,350,000 | 193.8% | 0.1% |
| A&D Mortgage LLC | $1,740,000 | $2,305,000 | 32.5% | 0.1% |
| First National Bank of Pennsylvania | $115,000 | $2,305,000 | 1,904.3% | 0.1% |
| The Federal Savings Bank | $1,695,000 | $2,275,000 | 34.2% | 0.1% |
| NEW DAY FINANCIAL, LLC | $1,350,000 | $2,240,000 | 65.9% | 0.1% |
| TD Bank | $3,455,000 | $2,195,000 | -36.5% | 0.1% |
| Figure Lending LLC | $1,640,000 | $2,135,000 | 30.2% | 0.1% |
| Tyndall Federal Credit Union | $1,510,000 | $2,075,000 | 37.4% | 0.1% |
| AMERICAN FINANCING CORPORATION | $950,000 | $2,065,000 | 117.4% | 0.1% |
| Morgan Stanley Private Bank | $2,425,000 | $2,065,000 | -14.8% | 0.1% |
| BETTER MORTGAGE CORPORATION | $2,470,000 | $2,060,000 | -16.6% | 0.1% |
| Gulf Winds Credit Union | $2,935,000 | $2,025,000 | -31.0% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,800,000 | $1,985,000 | 10.3% | 0.1% |
| GUILD MORTGAGE COMPANY | $1,160,000 | $1,985,000 | 71.1% | 0.1% |
| NFM, INC. | $705,000 | $1,885,000 | 167.4% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $750,000 | $1,870,000 | 149.3% | 0.1% |
| Hometown Equity Mortgage, LLC | $290,000 | $1,860,000 | 541.4% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $945,000 | $1,855,000 | 96.3% | 0.1% |
| First Federal Bank | $1,715,000 | $1,850,000 | 7.9% | 0.1% |
| Magnolia Bank | $550,000 | $1,830,000 | 232.7% | 0.1% |
| PHH Mortgage Corporation | $170,000 | $1,810,000 | 964.7% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $2,540,000 | $1,780,000 | -29.9% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $795,000 | $1,655,000 | 108.2% | 0.1% |
| AgFirst Farm Credit Bank | $830,000 | $1,645,000 | 98.2% | 0.1% |
| CANOPY MORTGAGE, LLC | $500,000 | $1,640,000 | 228.0% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $215,000 | $1,630,000 | 658.1% | 0.1% |
| HARTFORD FUNDING, LTD. | $1,615,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $525,000 | $1,610,000 | 206.7% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,480,000 | $1,600,000 | 8.1% | 0.1% |
| BAYSHORE MORTGAGE FUNDING, LLC | $1,560,000 | n/a | 0.1% | |
| Lake Forest Bank & Trust | $1,485,000 | n/a | 0.1% | |
| Waterstone Mortgage Corporation | $4,760,000 | $1,465,000 | -69.2% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $1,525,000 | $1,450,000 | -4.9% | 0.1% |
| SmartBank | $545,000 | $1,445,000 | 165.1% | 0.1% |
| Citizens Bank | $3,625,000 | $1,435,000 | -60.4% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $270,000 | $1,400,000 | 418.5% | 0.1% |
| BMO Harris Bank | $690,000 | $1,390,000 | 101.4% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,305,000 | $1,385,000 | 6.1% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $1,110,000 | $1,385,000 | 24.8% | 0.1% |
| Lakeview Community Capital, LLC | $765,000 | $1,360,000 | 77.8% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,355,000 | n/a | 0.1% | |
| Valley National Bank | $16,255,000 | $1,340,000 | -91.8% | 0.1% |
| Wauchula State Bank | $1,335,000 | n/a | 0.1% | |
| Logan Finance Corporation | $245,000 | $1,320,000 | 438.8% | 0.1% |
| MidSouth Bank | $2,620,000 | $1,320,000 | -49.6% | 0.1% |
| JMAC LENDING, INC. | $225,000 | $1,310,000 | 482.2% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $3,230,000 | $1,285,000 | -60.2% | 0.1% |
| Prosperity Home Mortgage, LLC | $1,405,000 | $1,285,000 | -8.5% | 0.1% |
| First Reliance Bank | $1,325,000 | $1,280,000 | -3.4% | 0.1% |
| 1ST SIGNATURE LENDING, LLC | $2,285,000 | $1,265,000 | -44.6% | 0.1% |
| GENEVA FINANCIAL, LLC | $355,000 | $1,225,000 | 245.1% | 0.0% |
| Coastal Community Bank | $540,000 | $1,215,000 | 125.0% | 0.0% |
| RF Renovo Management Company, LLC | $355,000 | $1,190,000 | 235.2% | 0.0% |
| BancorpSouth | $575,000 | $1,180,000 | 105.2% | 0.0% |
| Mid-Continent Funding, Inc. | $175,000 | $1,170,000 | 568.6% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,910,000 | $1,160,000 | -39.3% | 0.0% |
| Blue Ridge Bank | $810,000 | $1,145,000 | 41.4% | 0.0% |
| LENDINGONE, LLC | $505,000 | $1,140,000 | 125.7% | 0.0% |
| MICHIGAN MUTUAL, INC. | $2,190,000 | $1,140,000 | -47.9% | 0.0% |
| EMM LOANS LLC | $1,090,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $2,115,000 | $1,065,000 | -49.6% | 0.0% |
| BANKSOUTH MORTGAGE COMPANY, LLC | $165,000 | $1,055,000 | 539.4% | 0.0% |
| Mortgage Lenders Investment Trading Corporation | $1,955,000 | $1,050,000 | -46.3% | 0.0% |
| FirstBank | $340,000 | $1,025,000 | 201.5% | 0.0% |
| DELTA COMMUNITY CREDIT UNION | $530,000 | $985,000 | 85.8% | 0.0% |
| LOANPAL, LLC | $635,000 | $960,000 | 51.2% | 0.0% |
| Colony Bank | $940,000 | n/a | 0.0% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $2,095,000 | $915,000 | -56.3% | 0.0% |
| CORNERSTONE HOME LENDING, INC. | $900,000 | n/a | 0.0% | |
| MILEND, INC. | $1,085,000 | $900,000 | -17.1% | 0.0% |
| PLANET HOME LENDING, LLC | $850,000 | $875,000 | 2.9% | 0.0% |
| First Horizon Bank | $1,895,000 | $850,000 | -55.1% | 0.0% |
| INTERCOASTAL MORTGAGE COMPANY | $820,000 | n/a | 0.0% | |
| Renasant Bank | $1,445,000 | $815,000 | -43.6% | 0.0% |
| THE MORTGAGE FIRM, INC. | $1,775,000 | $815,000 | -54.1% | 0.0% |
| ACHIEVA CREDIT UNION | $185,000 | $810,000 | 337.8% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,555,000 | $805,000 | -48.2% | 0.0% |
| First-Citizens Bank & Trust Company | $215,000 | $800,000 | 272.1% | 0.0% |
| FBC MORTGAGE, LLC | $550,000 | $785,000 | 42.7% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $1,150,000 | $775,000 | -32.6% | 0.0% |
| Suncoast Credit Union | $2,790,000 | $765,000 | -72.6% | 0.0% |
| INTELLILOAN, INC. | $340,000 | $745,000 | 119.1% | 0.0% |
| M&T Bank | $65,000 | $745,000 | 1,046.2% | 0.0% |
| Stifel Bank and Trust | $745,000 | n/a | 0.0% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $155,000 | $730,000 | 371.0% | 0.0% |
| AmeriHome Mortgage Company, LLC | $715,000 | n/a | 0.0% | |
| SILVER HILL FUNDING, LLC | $415,000 | $695,000 | 67.5% | 0.0% |
| CSL Financial, LLC | $75,000 | $690,000 | 820.0% | 0.0% |
| Presidential Bank, FSB | $660,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $300,000 | $650,000 | 116.7% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $1,935,000 | $645,000 | -66.7% | 0.0% |
| NEXERA HOLDING LLC | $955,000 | $640,000 | -33.0% | 0.0% |
| VERITAS FUNDING, LLC | $560,000 | $620,000 | 10.7% | 0.0% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $180,000 | $615,000 | 241.7% | 0.0% |
| POINT Mortgage | $615,000 | n/a | 0.0% | |
| Quontic Bank | $615,000 | n/a | 0.0% | |
| GTE Federal Credit Union | $130,000 | $605,000 | 365.4% | 0.0% |
| Ixonia Bank | $610,000 | $595,000 | -2.5% | 0.0% |
| 1st Source Bank | $535,000 | $585,000 | 9.3% | 0.0% |
| Brighton Bank | $585,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $1,510,000 | $585,000 | -61.3% | 0.0% |
| CLEARPATH LENDING | $510,000 | $580,000 | 13.7% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $875,000 | $575,000 | -34.3% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $600,000 | $565,000 | -5.8% | 0.0% |
| Advisors Mortgage Group, L.L.C. | $340,000 | $560,000 | 64.7% | 0.0% |
| Bank of England | $1,730,000 | $560,000 | -67.6% | 0.0% |
| METROPLEX MORTGAGE SERVICES, INC. | $550,000 | n/a | 0.0% | |
| GUIDANCE RESIDENTIAL, LLC | $545,000 | n/a | 0.0% | |
| Merchants Bank of Indiana | $545,000 | n/a | 0.0% | |
| MIDFLORIDA | $1,110,000 | $540,000 | -51.4% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $360,000 | $540,000 | 50.0% | 0.0% |
| SIRVA MORTGAGE, INC. | $600,000 | $530,000 | -11.7% | 0.0% |
| SPACE COAST Credit Union | $1,280,000 | $525,000 | -59.0% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $95,000 | $520,000 | 447.4% | 0.0% |
| NORWICH COMMERCIAL GROUP, INC. | $520,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $185,000 | $515,000 | 178.4% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $730,000 | $505,000 | -30.8% | 0.0% |
| First Heritage Mortgage, LLC | $505,000 | n/a | 0.0% | |
| First Savings Bank | $505,000 | n/a | 0.0% | |
| NexBank | $740,000 | $505,000 | -31.8% | 0.0% |
| DIGITAL Federal Credit Union | $180,000 | $500,000 | 177.8% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $460,000 | $500,000 | 8.7% | 0.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $500,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $455,000 | $470,000 | 3.3% | 0.0% |
| Ally Bank | $1,255,000 | $455,000 | -63.7% | 0.0% |
| GSF Mortgage Corporation | $445,000 | n/a | 0.0% | |
| THE MORTGAGE WAREHOUSE,LLC | $445,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $1,595,000 | $430,000 | -73.0% | 0.0% |
| LAKE MICHIGAN CREDIT UNION | $780,000 | $425,000 | -45.5% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $2,360,000 | $420,000 | -82.2% | 0.0% |
| GREENSTATE CREDIT UNION | $415,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $55,000 | $410,000 | 645.5% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $200,000 | $405,000 | 102.5% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $150,000 | $405,000 | 170.0% | 0.0% |
| UNITED HOME LOANS, INC. | $405,000 | n/a | 0.0% | |
| Alcova Mortgage LLC | $395,000 | n/a | 0.0% | |
| Bank Five Nine | $375,000 | n/a | 0.0% | |
| HighTechLending Inc | $375,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $375,000 | n/a | 0.0% | |
| T2 FINANCIAL LLC | $375,000 | n/a | 0.0% | |
| FIRST COLONY MORTGAGE CORPORATION | $365,000 | n/a | 0.0% | |
| GERSHMAN INVESTMENT CORP. | $365,000 | n/a | 0.0% | |
| IVY MORTGAGE, INC. | $365,000 | n/a | 0.0% | |
| SOUTHWEST FUNDING, LP | $365,000 | n/a | 0.0% | |
| Cornerstone First Mortgage, Inc | $165,000 | $360,000 | 118.2% | 0.0% |
| United Nations Federal Credit Union | $2,580,000 | $360,000 | -86.0% | 0.0% |
| Baxter Credit Union | $90,000 | $345,000 | 283.3% | 0.0% |
| FIRST STATE MORTGAGE SERVICES, LLC | $345,000 | n/a | 0.0% | |
| MORTGAGE 1 INCORPORATED | $335,000 | n/a | 0.0% | |
| Encompass Lending Group, LP | $325,000 | n/a | 0.0% | |
| First Federal Bank, A FSB | $325,000 | n/a | 0.0% | |
| Peoples State Bank | $325,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $630,000 | $320,000 | -49.2% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $425,000 | $320,000 | -24.7% | 0.0% |
| Bank OZK | $65,000 | $305,000 | 369.2% | 0.0% |
| BAY EQUITY LLC | $1,140,000 | $305,000 | -73.2% | 0.0% |
| First International Bank & Trust | $305,000 | n/a | 0.0% | |
| TIDEWATER MORTGAGE SERVICES, INC. | $235,000 | $305,000 | 29.8% | 0.0% |
| TrustCo Bank | $305,000 | n/a | 0.0% | |
| ALKAN MORTGAGE CORPORATION | $295,000 | n/a | 0.0% | |
| RADIUS FINANCIAL GROUP INC. | $480,000 | $295,000 | -38.5% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $330,000 | $290,000 | -12.1% | 0.0% |
| Burke & Herbert Bank & Trust Company | $285,000 | n/a | 0.0% | |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $285,000 | n/a | 0.0% | |
| PREMIA MORTGAGE, LLC | $895,000 | $285,000 | -68.2% | 0.0% |
| Raymond James Bank | $905,000 | $285,000 | -68.5% | 0.0% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $285,000 | n/a | 0.0% | |
| TROPICAL FINANCIAL CREDIT UNION | $140,000 | $285,000 | 103.6% | 0.0% |
| AMERICAN BANCSHARES MORTGAGE | $290,000 | $280,000 | -3.4% | 0.0% |
| SWBC MORTGAGE CORPORATION | $105,000 | $280,000 | 166.7% | 0.0% |
| C & F Mortgage Corporation | $275,000 | n/a | 0.0% | |
| Citibank | $675,000 | $275,000 | -59.3% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $700,000 | $270,000 | -61.4% | 0.0% |
| Bethpage Federal Credit Union | $340,000 | $265,000 | -22.1% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $245,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $505,000 | $245,000 | -51.5% | 0.0% |
| Credence Funding Corporation | $245,000 | n/a | 0.0% | |
| Republic Bank & Trust Company | $245,000 | n/a | 0.0% | |
| Florida Capital Bank | $235,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $765,000 | $225,000 | -70.6% | 0.0% |
| ROSS MORTGAGE CORPORATION | $275,000 | $225,000 | -18.2% | 0.0% |
| PUBLIX EMPLOYEES | $215,000 | n/a | 0.0% | |
| CENTRAL CREDIT UNION OF FLORIDA | $445,000 | $205,000 | -53.9% | 0.0% |
| NMSI, INC. | $205,000 | n/a | 0.0% | |
| IncredibleBank | $195,000 | $195,000 | 0.0% | 0.0% |
| Summit Mortgage Corporation | $325,000 | $195,000 | -40.0% | 0.0% |
| UNITED MORTGAGE CORP | $195,000 | n/a | 0.0% | |
| JAX | $65,000 | $190,000 | 192.3% | 0.0% |
| FAIRWINDS CREDIT UNION | $870,000 | $185,000 | -78.7% | 0.0% |
| NEW WAVE LENDING GROUP INC | $185,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $175,000 | $185,000 | 5.7% | 0.0% |
| SELF-HELP Credit Union | $185,000 | n/a | 0.0% | |
| Community Bank of Mississippi | $175,000 | $175,000 | 0.0% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $175,000 | n/a | 0.0% | |
| Loan Simple, Inc. | $265,000 | $175,000 | -34.0% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $45,000 | $175,000 | 288.9% | 0.0% |
| TruHome Solutions, LLC | $1,675,000 | $175,000 | -89.6% | 0.0% |
| Bank of Hope | $165,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $165,000 | n/a | 0.0% | |
| WATSON MORTGAGE CORP. | $165,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $450,000 | $155,000 | -65.6% | 0.0% |
| HOMESPIRE MORTGAGE CORPORATION | $155,000 | n/a | 0.0% | |
| ON Q FINANCIAL, INC. | $345,000 | $155,000 | -55.1% | 0.0% |
| TJC Mortgage, Inc. | $225,000 | $155,000 | -31.1% | 0.0% |
| ARC HOME LLC | $835,000 | $145,000 | -82.6% | 0.0% |
| Northpointe Bank | $470,000 | $145,000 | -69.1% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $185,000 | $145,000 | -21.6% | 0.0% |
| RBC Bank, (Georgia) | $145,000 | n/a | 0.0% | |
| Home Mortgage Alliance Corp | $135,000 | n/a | 0.0% | |
| Keystone Funding, Inc. | $135,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $135,000 | n/a | 0.0% | |
| Beeline Loans, Inc. | $125,000 | n/a | 0.0% | |
| Citizens Bank and Trust | $125,000 | n/a | 0.0% | |
| Community South Credit Union | $610,000 | $125,000 | -79.5% | 0.0% |
| MORTGAGE INVESTORS GROUP, INC. | $1,375,000 | $125,000 | -90.9% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $215,000 | $125,000 | -41.9% | 0.0% |
| RESIDENTIAL BANCORP | $120,000 | n/a | 0.0% | |
| United Southern Bank | $115,000 | n/a | 0.0% | |
| AMERITRUST MORTGAGE CORPORATION | $105,000 | n/a | 0.0% | |
| ALL IN | $65,000 | $100,000 | 53.8% | 0.0% |
| FLORIDA | $1,200,000 | $95,000 | -92.1% | 0.0% |
| ATLANTA POSTAL | $85,000 | n/a | 0.0% | |
| EVANSVILLE TEACHERS | $85,000 | n/a | 0.0% | |
| Ardent Federal Credit Union | $75,000 | n/a | 0.0% | |
| CONSUMERS COOPERATIVE CREDIT UNION | $75,000 | n/a | 0.0% | |
| SunState Federal Credit Union | $550,000 | $75,000 | -86.4% | 0.0% |
| Signature Federal Credit Union | $65,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $65,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $465,000 | $55,000 | -88.2% | 0.0% |
| FEDCHOICE Federal Credit Union | $55,000 | n/a | 0.0% | |
| LAFAYETTE FEDERAL CREDIT UNION | $45,000 | n/a | 0.0% | |
| PARTNERS | $25,000 | n/a | 0.0% |
TALLAHASSEE's top lender by overall market share is Wells Fargo Bank, with 37.9% market share. In second place, with 4.3%, is QUICKEN LOANS, LLC, having originated $108,255,000 in loans. In third place, with 3.5%, is University Bank, having originated $87,365,000 in loans. In fourth place, with 3.2%, is ServisFirst Bank, having originated $80,945,000 in loans. In fifth place, with 3.2%, is MOVEMENT MORTGAGE, LLC, having originated $79,925,000 in loans.
TALLAHASSEE, FL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,883 | $1,076,995,000 | $277,362 |
| Cash Out Refi | 814 | $154,390,000 | $189,668 |
| Refi | 463 | $1,170,075,000 | $2,527,160 |
| Other | 428 | $71,240,000 | $166,449 |
| Home Improvement | 354 | $36,910,000 | $104,266 |
| NA | 105 | $8,695,000 | $82,810 |
Tallahassee's most frequently cited loan purpose was Home Purchase, with 3,883 originations. The 2nd most popular reason was Cash Out Refi, with 814 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 2,579 | $749,875,000 | $290,762 |
| Over 8% | 1,080 | $125,920,000 | $116,593 |
| 7-8% | 1,010 | $1,183,400,000 | $1,171,683 |
| 5-6% | 907 | $350,225,000 | $386,136 |
| <2.5% | 147 | $3,665,000 | $24,932 |
| 4-5% | 120 | $40,610,000 | $338,417 |
| 3-4% | 16 | $7,040,000 | $440,000 |
| 2.5-3% | 6 | $1,240,000 | $206,667 |
During 2024, Tallahassee's most frequently originated rate bucket was 6-7%, with 2,579 originations.
Loan Sizing (TALLAHASSEE, FL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,433 | $681,195,000 | $279,982 |
| $100k-200k | 1,691 | $256,835,000 | $151,884 |
| $100,000 or less | 1,167 | $60,335,000 | $51,701 |
| $400k-600k | 551 | $260,765,000 | $473,258 |
| $600k-1000k | 150 | $106,770,000 | $711,800 |
| $Over $1MM | 55 | $1,152,405,000 | $20,952,818 |
TALLAHASSEE's loan sizing saw the bucket of loans from $200k-400k with 2,433 originations, totaling $681,195,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,645 | $777,915,000 | $294,108 |
| 60-80% | 1,297 | $1,399,505,000 | $1,079,032 |
| Under 20% | 795 | $38,885,000 | $48,912 |
| 20-40% | 570 | $99,560,000 | $174,667 |
| 40-60% | 424 | $100,290,000 | $236,533 |
| Over 100% | 79 | $24,095,000 | $305,000 |
TALLAHASSEE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,645 originations, totaling $777,915,000 in origination value.