Thomaston Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Thomaston averaged
6.7%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.53% and
one month ago for the week of 2024-10-03, the
average rate was 6.03%.
Thomaston's average rate one year ago was 7.57%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.09%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Thomaston 30 Year Fixed Rate | 2024-11-07 | 6.7% |
| Thomaston 30 Year Fixed Rate Refi | 2024-11-07 | 7.09% |
| Thomaston 15 Year Fixed Rate | 2024-11-07 | 6.2% |
| Thomaston 15 Year Fixed Rate Refi | 2024-11-07 | 5.9% |
| Thomaston 30 Year FHA | 2024-11-07 | 6.35% |
| Thomaston 30 Year FHA Refi | 2024-11-07 | 6.43% |
| Thomaston 30 Year USDA | 2024-11-07 | 6.68% |
| Thomaston 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Thomaston 30 Year VA | 2024-11-07 | 6.34% |
| Thomaston 30 Year VA Refi | 2024-11-07 | 6.24% |
Thomaston 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 Thomaston, 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.).
Thomaston Average Closing Costs & Other Stats
Thomaston, GA's 36 lenders originated 482
loans during 2023. The total origination value was $78,820,000, with an average loan value of
$163,527.
Thomaston's average closing costs are $5,112.
The top Thomaston lender as defined by loan originations is QUICKEN LOANS, LLC, with
24 loans originated. Their average total fees are
$5,641, which is $958
higher than the next largest lender,
United Bank.
The lowest fee Thomaston lenders (with over 10 loans originated) are
United Bank ($4,683), QUICKEN LOANS, LLC ($5,641), UNITED WHOLESALE MORTGAGE, LLC ($6,729), .
The lowest rate Thomaston lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.39%), United Bank (6.86%), QUICKEN LOANS, LLC (6.94%), .
Thomaston, 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 Bank | $10,670,000 | $10,875,000 | 1.9% | 13.8% |
| The Peoples Bank of Georgia | $11,535,000 | $9,370,000 | -18.8% | 11.9% |
| QUICKEN LOANS, LLC | $11,350,000 | $8,370,000 | -26.3% | 10.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $5,220,000 | $6,015,000 | 15.2% | 7.6% |
| BROKER SOLUTIONS, INC. | $3,645,000 | $3,510,000 | -3.7% | 4.5% |
| Mortgage Research Center, LLC | $2,475,000 | $3,400,000 | 37.4% | 4.3% |
| VAN DYK MORTGAGE CORPORATION | $7,365,000 | $2,405,000 | -67.3% | 3.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,370,000 | $2,355,000 | -0.6% | 3.0% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $1,420,000 | $2,305,000 | 62.3% | 2.9% |
| HOMESTAR FINANCIAL CORPORATION | $3,700,000 | $2,155,000 | -41.8% | 2.7% |
| Morgan Stanley Private Bank | $1,505,000 | n/a | 1.9% | |
| LOANDEPOT.COM, LLC | $665,000 | $1,185,000 | 78.2% | 1.5% |
| Ameris Bank | $1,015,000 | $1,100,000 | 8.4% | 1.4% |
| LENDINGHOME FUNDING CORPORATION | $190,000 | $910,000 | 378.9% | 1.2% |
| CARDINAL FINANCIAL | $455,000 | $890,000 | 95.6% | 1.1% |
| CMG MORTGAGE, INC. | $725,000 | $815,000 | 12.4% | 1.0% |
| NFM, INC. | $730,000 | n/a | 0.9% | |
| Prosperity Home Mortgage, LLC | $1,440,000 | $725,000 | -49.7% | 0.9% |
| Plains Commerce Bank | $430,000 | $710,000 | 65.1% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $255,000 | $660,000 | 158.8% | 0.8% |
| Wells Fargo Bank | $365,000 | $635,000 | 74.0% | 0.8% |
| AgFirst Farm Credit Bank | $115,000 | $615,000 | 434.8% | 0.8% |
| MOVEMENT MORTGAGE, LLC | $360,000 | $610,000 | 69.4% | 0.8% |
| Colony Bank | $615,000 | $585,000 | -4.9% | 0.7% |
| BNC National Bank | $575,000 | n/a | 0.7% | |
| First National Bank Texas | $565,000 | n/a | 0.7% | |
| ROBINS FINANCIAL | $410,000 | $565,000 | 37.8% | 0.7% |
| THRIVE MORTGAGE, LLC | $685,000 | $500,000 | -27.0% | 0.6% |
| MORTGAGE INVESTORS GROUP, INC. | $490,000 | n/a | 0.6% | |
| ROYAL UNITED MORTGAGE LLC | $230,000 | $480,000 | 108.7% | 0.6% |
| Barrington Bank & Trust Company, N.A. | $145,000 | $475,000 | 227.6% | 0.6% |
| Capital City Home Loans, LLC | $1,115,000 | $445,000 | -60.1% | 0.6% |
| EVERETT FINANCIAL, INC. | $620,000 | $440,000 | -29.0% | 0.6% |
| Carrington Mortgage Services, LLC | $815,000 | $430,000 | -47.2% | 0.5% |
| 21ST MORTGAGE CORPORATION | $900,000 | $425,000 | -52.8% | 0.5% |
| TRIAD FINANCIAL SERVICES, INC. | $285,000 | $410,000 | 43.9% | 0.5% |
| SECURITYNATIONAL MORTGAGE COMPANY | $395,000 | n/a | 0.5% | |
| CROSSCOUNTRY MORTGAGE, LLC | $830,000 | $355,000 | -57.2% | 0.5% |
| Equity Prime Mortgage LLC | $835,000 | $350,000 | -58.1% | 0.4% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $870,000 | $345,000 | -60.3% | 0.4% |
| STOCKTON MORTGAGE CORPORATION | $330,000 | n/a | 0.4% | |
| Synovus Bank | $115,000 | $320,000 | 178.3% | 0.4% |
| GUILD MORTGAGE COMPANY | $275,000 | n/a | 0.3% | |
| CALCON MUTUAL MORTGAGE LLC | $265,000 | n/a | 0.3% | |
| JPMorgan Chase Bank | $770,000 | $255,000 | -66.9% | 0.3% |
| CIVIC FINANCIAL SERVICES, LLC | $155,000 | $245,000 | 58.1% | 0.3% |
| NEW DAY FINANCIAL, LLC | $85,000 | $245,000 | 188.2% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $245,000 | n/a | 0.3% | |
| DELTA COMMUNITY CREDIT UNION | $220,000 | $240,000 | 9.1% | 0.3% |
| COUNTRYPLACE MORTGAGE, LTD. | $235,000 | n/a | 0.3% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $215,000 | n/a | 0.3% | |
| Lakeview Community Capital, LLC | $215,000 | n/a | 0.3% | |
| NAVY FEDERAL CREDIT UNION | $915,000 | $210,000 | -77.0% | 0.3% |
| Assurance Financial Group, L.L.C. | $205,000 | n/a | 0.3% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $205,000 | n/a | 0.3% | |
| Bank of America | $135,000 | $195,000 | 44.4% | 0.2% |
| Flagstar Bank, FSB | $900,000 | $195,000 | -78.3% | 0.2% |
| Peoples Bank | $155,000 | $195,000 | 25.8% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $145,000 | $195,000 | 34.5% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $1,570,000 | $190,000 | -87.9% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $635,000 | $185,000 | -70.9% | 0.2% |
| Hometown Equity Mortgage, LLC | $65,000 | $185,000 | 184.6% | 0.2% |
| CRESCENT MORTGAGE COMPANY | $175,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $370,000 | $175,000 | -52.7% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $175,000 | n/a | 0.2% | |
| SOUTHEAST MORTGAGE OF GEORGIA, INC. | $790,000 | $175,000 | -77.8% | 0.2% |
| Talbot State Bank | $170,000 | n/a | 0.2% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $165,000 | n/a | 0.2% | |
| LIMA ONE CAPITAL, LLC | $245,000 | $165,000 | -32.7% | 0.2% |
| A&D Mortgage LLC | $155,000 | n/a | 0.2% | |
| MID AMERICA MORTGAGE, INC. | $150,000 | n/a | 0.2% | |
| SOUTHWEST STAGE FUNDING, LLC | $145,000 | n/a | 0.2% | |
| Truist | $210,000 | $145,000 | -31.0% | 0.2% |
| WINGS FINANCIAL | $85,000 | $145,000 | 70.6% | 0.2% |
| Alcova Mortgage LLC | $125,000 | n/a | 0.2% | |
| Figure Lending LLC | $105,000 | $120,000 | 14.3% | 0.2% |
| First Citizens National Bank | $105,000 | n/a | 0.1% | |
| ITHINK FINANCIAL Credit Union | $105,000 | n/a | 0.1% | |
| NEWREZ LLC | $690,000 | $105,000 | -84.8% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $365,000 | $95,000 | -74.0% | 0.1% |
| US MORTGAGE CORPORATION | $95,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $300,000 | $85,000 | -71.7% | 0.1% |
| Discover Bank | $85,000 | $85,000 | 0.0% | 0.1% |
| Morris Bank | $85,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $260,000 | $85,000 | -67.3% | 0.1% |
| Citizens Bank | $95,000 | $75,000 | -21.1% | 0.1% |
| CITIZENS EQUITY FIRST | $75,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $75,000 | $65,000 | -13.3% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $550,000 | $65,000 | -88.2% | 0.1% |
| U.S. Bank | $175,000 | $65,000 | -62.9% | 0.1% |
| PNC Bank | $45,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $75,000 | $45,000 | -40.0% | 0.1% |
| GUARANTEED RATE, INC. | $165,000 | $35,000 | -78.8% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $35,000 | n/a | 0.0% |
Thomaston's top lender by overall market share is United Bank, with 13.8% market share. In second place, with 11.9%, is The Peoples Bank of Georgia, having originated $9,370,000 in loans. In third place, with 10.6%, is QUICKEN LOANS, LLC, having originated $8,370,000 in loans. In fourth place, with 7.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $6,015,000 in loans. In fifth place, with 4.5%, is BROKER SOLUTIONS, INC., having originated $3,510,000 in loans.
Thomaston, GA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 250 | $46,460,000 | $185,840 |
| Refi | 92 | $15,570,000 | $169,239 |
| Cash Out Refi | 68 | $10,390,000 | $152,794 |
| Other | 39 | $4,335,000 | $111,154 |
| Home Improvement | 33 | $2,065,000 | $62,576 |
Thomaston's most frequently cited loan purpose was Home Purchase, with 250 originations. The 2nd most popular reason was Refi, with 92 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 140 | $26,120,000 | $186,571 |
| 7-8% | 108 | $17,720,000 | $164,074 |
| Over 8% | 95 | $10,375,000 | $109,211 |
| 5-6% | 60 | $13,580,000 | $226,333 |
| <2.5% | 6 | $50,000 | $8,333 |
| 4-5% | 3 | $645,000 | $215,000 |
During 2023, Thomaston's most frequently originated rate bucket was 6-7%, with 140 originations.
Loan Sizing (Thomaston, GA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 184 | $27,680,000 | $150,435 |
| $100,000 or less | 160 | $8,780,000 | $54,875 |
| $200k-400k | 119 | $30,535,000 | $256,597 |
| $400k-600k | 13 | $6,225,000 | $478,846 |
| $600k-1000k | 4 | $2,740,000 | $685,000 |
| $Over $1MM | 2 | $2,860,000 | $1,430,000 |
Thomaston's loan sizing saw the bucket of loans from $100k-200k with 184 originations, totaling $27,680,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 166 | $36,110,000 | $217,530 |
| 60-80% | 99 | $17,605,000 | $177,828 |
| 40-60% | 51 | $6,705,000 | $131,471 |
| 20-40% | 49 | $5,075,000 | $103,571 |
| Under 20% | 39 | $1,325,000 | $33,974 |
| Over 100% | 9 | $1,775,000 | $197,222 |
Thomaston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 166 originations, totaling $36,110,000 in origination value.