Tifton Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Tifton averaged 6.72% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.7% and one month ago for the week of 2024-03-14, the average rate was 6.56%.

    Tifton's average rate one year ago was 6.19%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.4%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Tifton 30 Year Fixed Rate 2024-04-18 6.72%
    Tifton 30 Year Fixed Rate Refi 2024-04-18 7.4%
    Tifton 15 Year Fixed Rate 2024-04-18 6.39%
    Tifton 15 Year Fixed Rate Refi 2024-04-18 6.29%
    Tifton 30 Year FHA 2024-04-18 6.63%
    Tifton 30 Year FHA Refi 2024-04-18 7.06%
    Tifton 30 Year USDA 2024-04-18 7.06%
    Tifton 30 Year USDA Refi 2024-04-18 6.76%
    Tifton 30 Year VA 2024-04-18 6.76%
    Tifton 30 Year VA Refi 2024-04-18 6.76%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Tifton, GA.

    Tifton 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 Tifton, 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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    HOMESTAR FINANCIAL CORPORATION 12 5.89% $5,888
    QUICKEN LOANS, LLC 10 7.34% $6,167
    CANOPY MORTGAGE, LLC 9 6.21% $8,044
    BANKSOUTH MORTGAGE COMPANY, LLC 6 7.17% $6,880
    UNITED WHOLESALE MORTGAGE, LLC 6 6.42% $7,583
    SOUTHEASTERN Credit Union 5 7.09% $2,313
    Ameris Bank 5 6.43% $5,652
    Synovus Bank 4 7.00% $4,443
    Renasant Bank 3 6.42% $5,153
    Flagstar Bank, FSB 2 7.37% $4,646
    Capital City Home Loans, LLC 2 6.88% $4,759
    ZILLOW HOME LOANS, LLC 2 6.44% $5,212
    Truist 2 7.49% $3,890
    CRESCENT MORTGAGE COMPANY 2 7.25% $3,999
    PENNYMAC LOAN SERVICES, LLC 1 6.62% $9,233
    PREMIA MORTGAGE, LLC 1 7.40% $1,739
    ROBINS FINANCIAL 1 4.25% $3,389
    TENNESSEE VALLEY 1 7.07% $4,872
    UNION HOME MORTGAGE CORP. 1 5.75% $7,972
    GEORGIA'S OWN 1 6.63% $2,180
    AMERISAVE MORTGAGE CORPORATION 1 6.75% $7,025
    Bank of America 1 6.88% $7,751
    BETTER MORTGAGE CORPORATION 1 6.25% $7,569
    BROKER SOLUTIONS, INC. 1 6.88% $5,145
    Colony Bank 1 6.49% $3,910
    DEEPHAVEN MORTGAGE LLC 1 8.99% $11,092
    Dollar Bank, Federal Savings Bank 1 6.38% $7,631
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.99% $7,134
    General Mortgage Capital Corporation 1 6.00% $8,876
    AgFirst Farm Credit Bank 1 5.88% $10,770
    Mortgage Research Center, LLC 1 6.63% $2,765
    MOVEMENT MORTGAGE, LLC 1 5.99% $4,033
    NAVY FEDERAL CREDIT UNION 1 7.63% $4,105

    Tifton Average Closing Costs & Other Stats

    Tifton, GA's 33 lenders originated 472 loans during 2023. The total origination value was $102,280,000, with an average loan value of $216,695.

    Tifton's average closing costs are $5,340.

    The top Tifton lender as defined by loan originations is HOMESTAR FINANCIAL CORPORATION, with 12 loans originated. Their average total fees are $5,888, which is $278 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Tifton lenders (with over 10 loans originated) are HOMESTAR FINANCIAL CORPORATION ($5,888), QUICKEN LOANS, LLC ($6,167), .

    The lowest rate Tifton lenders (with over 10 loans originated) are HOMESTAR FINANCIAL CORPORATION (5.89%), QUICKEN LOANS, LLC (7.34%), .

    Tifton, 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
    Colony Bank $4,140,000 $10,145,000 145.0% 9.9%
    QUICKEN LOANS, LLC $10,300,000 $7,015,000 -31.9% 6.9%
    BANKSOUTH MORTGAGE COMPANY, LLC $285,000 $6,340,000 2,124.6% 6.2%
    EvaBank $6,005,000 n/a 5.9%
    Mortgage Research Center, LLC $3,755,000 $4,950,000 31.8% 4.8%
    HOMESTAR FINANCIAL CORPORATION $12,220,000 $4,700,000 -61.5% 4.6%
    UNITED WHOLESALE MORTGAGE, LLC $4,620,000 $4,350,000 -5.8% 4.3%
    CANOPY MORTGAGE, LLC $85,000 $4,135,000 4,764.7% 4.0%
    Synovus Bank $7,780,000 $4,080,000 -47.6% 4.0%
    Commercial Banking Company $3,625,000 $3,860,000 6.5% 3.8%
    SOUTHEASTERN Credit Union $1,355,000 $3,810,000 181.2% 3.7%
    Flagstar Bank, FSB $1,100,000 $2,060,000 87.3% 2.0%
    Ameris Bank $3,000,000 $2,000,000 -33.3% 2.0%
    Truist $3,315,000 $1,775,000 -46.5% 1.7%
    UNION HOME MORTGAGE CORP. $1,505,000 $1,755,000 16.6% 1.7%
    Bank of Early $1,745,000 n/a 1.7%
    The First, A National Banking Association $1,675,000 $1,210,000 -27.8% 1.2%
    TOWNE MORTGAGE COMPANY $1,900,000 $1,025,000 -46.1% 1.0%
    NAVY FEDERAL CREDIT UNION $1,475,000 $1,020,000 -30.8% 1.0%
    21ST MORTGAGE CORPORATION $565,000 $1,010,000 78.8% 1.0%
    Renasant Bank $2,890,000 $910,000 -68.5% 0.9%
    Presidential Bank, FSB $845,000 n/a 0.8%
    The Federal Savings Bank $225,000 $805,000 257.8% 0.8%
    ZILLOW HOME LOANS, LLC $540,000 $795,000 47.2% 0.8%
    CROSSCOUNTRY MORTGAGE, LLC $370,000 $785,000 112.2% 0.8%
    Dollar Bank, Federal Savings Bank $725,000 n/a 0.7%
    BROKER SOLUTIONS, INC. $280,000 $665,000 137.5% 0.7%
    LOANDEPOT.COM, LLC $1,270,000 $620,000 -51.2% 0.6%
    USAA Federal Savings Bank $905,000 $600,000 -33.7% 0.6%
    NEW DAY FINANCIAL, LLC $460,000 $595,000 29.3% 0.6%
    Flint Community Bank $575,000 n/a 0.6%
    Barrington Bank & Trust Company, N.A. $540,000 n/a 0.5%
    American Pride Bank $535,000 n/a 0.5%
    FREEDOM MORTGAGE CORPORATION $1,335,000 $470,000 -64.8% 0.5%
    1ST SIGNATURE LENDING, LLC $460,000 n/a 0.4%
    AgFirst Farm Credit Bank $435,000 n/a 0.4%
    VYSTAR $405,000 n/a 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $1,195,000 $400,000 -66.5% 0.4%
    GEORGIA'S OWN $380,000 $385,000 1.3% 0.4%
    STOCKTON MORTGAGE CORPORATION $380,000 n/a 0.4%
    Capital City Home Loans, LLC $815,000 $370,000 -54.6% 0.4%
    Citizens Community Bank $310,000 $370,000 19.4% 0.4%
    PENNYMAC LOAN SERVICES, LLC $910,000 $370,000 -59.3% 0.4%
    CARDINAL FINANCIAL $390,000 $350,000 -10.3% 0.3%
    DEEPHAVEN MORTGAGE LLC $345,000 n/a 0.3%
    ACOPIA, LLC $340,000 n/a 0.3%
    DAS Acquisition Company, LLC $335,000 n/a 0.3%
    GUARANTEED RATE, INC. $510,000 $335,000 -34.3% 0.3%
    MOVEMENT MORTGAGE, LLC $300,000 $300,000 0.0% 0.3%
    Thomasville National Bank $300,000 n/a 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $400,000 $295,000 -26.3% 0.3%
    MORTGAGEONE, INC. $295,000 n/a 0.3%
    ROBINS FINANCIAL $175,000 $290,000 65.7% 0.3%
    Bank of America $285,000 n/a 0.3%
    Peoples Bank $265,000 n/a 0.3%
    General Mortgage Capital Corporation $255,000 n/a 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $245,000 n/a 0.2%
    AMERISAVE MORTGAGE CORPORATION $630,000 $240,000 -61.9% 0.2%
    TOTAL MORTGAGE SERVICES, LLC $235,000 n/a 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $230,000 n/a 0.2%
    Queensborough National Bank & Trust Company $215,000 n/a 0.2%
    CRESCENT MORTGAGE COMPANY $210,000 n/a 0.2%
    CHURCHILL MORTGAGE CORPORATION $195,000 $205,000 5.1% 0.2%
    PLAZA HOME MORTGAGE, INC. $205,000 n/a 0.2%
    TENNESSEE VALLEY $205,000 n/a 0.2%
    Wells Fargo Bank $1,680,000 $195,000 -88.4% 0.2%
    Carrington Mortgage Services, LLC $165,000 $190,000 15.2% 0.2%
    Prosperity Home Mortgage, LLC $65,000 $175,000 169.2% 0.2%
    SOUTHPOINT FINANCIAL SERVICES, INC. $175,000 n/a 0.2%
    SKYONE Federal Credit Union $155,000 n/a 0.2%
    Truliant Federal Credit Union $155,000 n/a 0.2%
    MID AMERICA MORTGAGE, INC. $150,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $325,000 $125,000 -61.5% 0.1%
    PREMIA MORTGAGE, LLC $125,000 n/a 0.1%
    GENEVA FINANCIAL, LLC $255,000 $115,000 -54.9% 0.1%
    ROYAL UNITED MORTGAGE LLC $170,000 $115,000 -32.4% 0.1%
    Figure Lending LLC $225,000 $95,000 -57.8% 0.1%
    Farmers & Merchants Bank $310,000 $90,000 -71.0% 0.1%
    U.S. Bank $90,000 n/a 0.1%
    NEWREZ LLC $1,150,000 $85,000 -92.6% 0.1%
    Deere Employees Credit Union $75,000 n/a 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $115,000 $65,000 -43.5% 0.1%
    ALLIANT CREDIT UNION $45,000 n/a 0.0%
    DIGITAL Federal Credit Union $35,000 n/a 0.0%
    Discover Bank $35,000 n/a 0.0%
    FIRST COMMERCE CREDIT UNION $35,000 n/a 0.0%
    Lakeview Community Capital, LLC $35,000 n/a 0.0%
    COCA-COLA $25,000 n/a 0.0%
    First State Bank of Blakely, Inc. $15,000 n/a 0.0%
    United States Senate Federal Credit Union $15,000 n/a 0.0%

    Tifton's top lender by overall market share is Colony Bank, with 9.9% market share. In second place, with 6.9%, is QUICKEN LOANS, LLC, having originated $7,015,000 in loans. In third place, with 6.2%, is BANKSOUTH MORTGAGE COMPANY, LLC, having originated $6,340,000 in loans. In fourth place, with 5.9%, is EvaBank, having originated $6,005,000 in loans. In fifth place, with 4.8%, is Mortgage Research Center, LLC, having originated $4,950,000 in loans.

    Tifton Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Tifton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $144,725 (-4.3%) $166,247 (4.4%) 0.00 116
    2018-02-01 $153,075 (2.7%) $175,236 (9.2%) 0.00 117
    2018-03-01 $155,000 (3.0%) $181,505 (7.8%) 0.00 125
    2018-04-01 $169,450 (6.0%) $192,432 (10.4%) 0.00 129
    2018-05-01 $169,450 (7.6%) $189,931 (8.3%) 0.00 118
    2018-06-01 $174,950 (14.8%) $197,028 (11.0%) 0.00 110
    2018-07-01 $174,900 (20.7%) $197,892 (17.7%) 0.00 105
    2018-08-01 $165,000 (17.9%) $188,990 (14.9%) 0.00 119
    2018-09-01 $159,000 (12.8%) $187,568 (14.2%) 0.00 130
    2018-10-01 $156,400 (13.6%) $185,010 (15.5%) 0.00 128
    2018-11-01 $152,900 (15.4%) $180,868 (13.2%) 0.00 128
    2018-12-01 $163,900 (22.3%) $184,656 (16.8%) 0.00 126
    2019-01-01 $179,450 (24.0%) $189,231 (13.8%) 0.00 112
    2019-02-01 $165,050 (7.8%) $192,699 (10.0%) 0.00 115
    2019-03-01 $172,557 (11.3%) $196,394 (8.2%) 0.00 110
    2019-04-01 $177,325 (4.7%) $203,255 (5.6%) 0.00 103
    2019-05-01 $173,800 (2.6%) $209,462 (10.3%) 0.00 105
    2019-06-01 $177,875 (1.7%) $208,323 (5.7%) 0.00 99
    2019-07-01 $179,000 (2.3%) $210,352 (6.3%) 0.00 97
    2019-08-01 $182,300 (10.5%) $213,498 (13.0%) 0.00 96
    2019-09-01 $180,950 (13.8%) $209,480 (11.7%) 0.00 96
    2019-10-01 $182,575 (16.7%) $207,674 (12.3%) 0.00 97
    2019-11-01 $184,950 (21.0%) $212,129 (17.3%) 0.00 104
    2019-12-01 $178,625 (9.0%) $199,062 (7.8%) 0.00 105
    2020-01-01 $179,000 (-0.3%) $200,629 (6.0%) 0.00 102
    2020-02-01 $177,450 (7.5%) $199,452 (3.5%) 0.00 99
    2020-03-01 $182,175 (5.6%) $205,048 (4.4%) 0.00 82
    2020-04-01 $203,725 (14.9%) $211,023 (3.8%) 0.00 82
    2020-05-01 $214,900 (23.7%) $223,053 (6.5%) 0.00 77
    2020-06-01 $226,175 (27.2%) $229,424 (10.1%) 0.00 68
    2020-07-01 $236,900 (32.4%) $238,183 (13.2%) 0.00 64
    2020-08-01 $252,200 (38.3%) $264,017 (23.7%) 0.00 54
    2020-09-01 $232,400 (28.4%) $266,236 (27.1%) 0.00 47
    2020-10-01 $214,900 (17.7%) $250,414 (20.6%) 0.00 53
    2020-11-01 $214,600 (16.0%) $247,903 (16.9%) 0.00 43
    2020-12-01 $146,425 (-18.0%) $178,076 (-10.5%) 0.00 65
    2021-01-01 $198,700 (11.0%) $260,108 (29.7%) 0.00 45
    2021-02-01 $199,900 (12.7%) $247,771 (24.2%) 0.00 40
    2021-03-01 $192,425 (5.6%) $245,134 (19.6%) 0.00 38
    2021-04-01 $223,750 (9.8%) $266,845 (26.5%) 0.00 39
    2021-05-01 $219,000 (1.9%) $259,459 (16.3%) 0.00 44
    2021-06-01 $214,450 (-5.2%) $233,931 (2.0%) 0.00 44
    2021-07-01 $219,950 (-7.2%) $244,680 (2.7%) 0.00 42
    2021-08-01 $192,925 (-23.5%) $242,582 (-8.1%) 0.00 50
    2021-09-01 $196,250 (-15.6%) $232,068 (-12.8%) 0.00 48
    2021-10-01 $214,500 (-0.2%) $252,017 (0.6%) 0.00 39
    2021-11-01 $225,725 (5.2%) $251,505 (1.5%) 0.00 31
    2021-12-01 $220,000 (50.3%) $249,441 (40.1%) 0.00 36
    2022-01-01 $229,450 (15.5%) $255,353 (-1.8%) 0.00 38
    2022-02-01 $238,700 (19.4%) $284,113 (14.7%) 0.00 36
    2022-03-01 $302,750 (57.3%) $341,091 (39.1%) 0.00 35
    2022-04-01 $317,250 (41.8%) $372,058 (39.4%) 0.00 31
    2022-05-01 $281,125 (28.4%) $350,214 (35.0%) 0.00 35
    2022-06-01 $273,750 (27.7%) $344,751 (47.4%) 0.00 35
    2022-07-01 $245,000 (11.4%) $330,480 (35.1%) 0.00 41
    2022-08-01 $248,275 (28.7%) $316,396 (30.4%) 0.00 46
    2022-09-01 $246,500 (25.6%) $351,654 (51.5%) 0.00 48
    2022-10-01 $260,000 (21.2%) $331,912 (31.7%) 0.00 52
    2022-11-01 $266,750 (18.2%) $341,953 (36.0%) 0.00 60
    2022-12-01 $276,500 (25.7%) $343,280 (37.6%) 0.00 63
    2023-01-01 $276,500 (20.5%) $348,494 (36.5%) 0.00 64
    2023-02-01 $259,900 (8.9%) $339,100 (19.4%) 0.00 55
    2023-03-01 $253,450 (-16.3%) $321,427 (-5.8%) 0.00 51
    2023-04-01 $250,000 (-21.2%) $324,139 (-12.9%) 0.00 48
    2023-05-01 $250,725 (-10.8%) $323,546 (-7.6%) 0.00 46
    2023-06-01 $257,550 (-5.9%) $344,220 (-0.2%) 0.00 50
    2023-07-01 $259,900 (6.1%) $335,147 (1.4%) 0.00 54
    2023-08-01 $273,820 (10.3%) $346,081 (9.4%) 0.00 64
    2023-09-01 $275,000 (11.6%) $307,985 (-12.4%) 0.00 68
    2023-10-01 $279,475 (7.5%) $313,411 (-5.6%) 0.00 66
    2023-11-01 $292,500 (9.7%) $314,866 (-7.9%) 0.00 67
    2023-12-01 $274,000 (-0.9%) $315,430 (-8.1%) 0.00 69
    2024-01-01 $277,475 (0.4%) $329,897 (-5.3%) 0.00 64
    2024-02-01 $272,310 (4.8%) $311,349 (-8.2%) 0.00 68
    2024-03-01 $259,750 (2.5%) $285,791 (-11.1%) 0.00 63
    Tifton's median listing price for 2024-03-01 was $259,750, a difference of $6,300 (2.5%) versus the prior year and $-12,560 versus the prior month.

    Tifton's median listing price comes in at 0% of the national average.

    Tifton's average listing price for 2024-03-01 was $285,791, a difference of $-35,636 (-11.1%) versus the prior year and $-25,558 versus the prior month.

    For the 2024-03-01 period, Tifton had 63 MLS listings, a difference of -5 listings (-7%) versus the prior month and 12 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Tifton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,805 sqft
    2018-02-01 0 days 1,913 sqft
    2018-03-01 0 days 1,971 sqft
    2018-04-01 0 days 2,095 sqft
    2018-05-01 0 days 2,007 sqft
    2018-06-01 0 days 2,040 sqft
    2018-07-01 0 days 2,156 sqft
    2018-08-01 0 days 2,030 sqft
    2018-09-01 0 days 2,007 sqft
    2018-10-01 0 days 1,996 sqft
    2018-11-01 0 days 1,853 sqft
    2018-12-01 0 days 1,932 sqft
    2019-01-01 0 days 1,991 sqft
    2019-02-01 0 days 2,002 sqft
    2019-03-01 0 days 2,025 sqft
    2019-04-01 0 days 2,023 sqft
    2019-05-01 0 days 2,047 sqft
    2019-06-01 0 days 2,045 sqft
    2019-07-01 0 days 2,047 sqft
    2019-08-01 0 days 2,070 sqft
    2019-09-01 0 days 2,078 sqft
    2019-10-01 0 days 2,084 sqft
    2019-11-01 0 days 2,050 sqft
    2019-12-01 0 days 2,044 sqft
    2020-01-01 0 days 2,037 sqft
    2020-02-01 0 days 1,992 sqft
    2020-03-01 0 days 1,994 sqft
    2020-04-01 0 days 1,987 sqft
    2020-05-01 0 days 2,084 sqft
    2020-06-01 0 days 2,200 sqft
    2020-07-01 0 days 2,234 sqft
    2020-08-01 0 days 2,200 sqft
    2020-09-01 0 days 2,105 sqft
    2020-10-01 0 days 2,096 sqft
    2020-11-01 0 days 2,096 sqft
    2020-12-01 0 days 2,247 sqft
    2021-01-01 0 days 2,133 sqft
    2021-02-01 0 days 2,136 sqft
    2021-03-01 0 days 2,054 sqft
    2021-04-01 0 days 1,908 sqft
    2021-05-01 0 days 1,956 sqft
    2021-06-01 0 days 1,855 sqft
    2021-07-01 0 days 1,945 sqft
    2021-08-01 0 days 1,882 sqft
    2021-09-01 0 days 1,766 sqft
    2021-10-01 0 days 1,818 sqft
    2021-11-01 0 days 1,961 sqft
    2021-12-01 0 days 1,963 sqft
    2022-01-01 0 days 1,962 sqft
    2022-02-01 0 days 1,897 sqft
    2022-03-01 0 days 1,926 sqft
    2022-04-01 0 days 2,015 sqft
    2022-05-01 0 days 2,189 sqft
    2022-06-01 0 days 2,250 sqft
    2022-07-01 0 days 1,901 sqft
    2022-08-01 0 days 1,865 sqft
    2022-09-01 0 days 2,069 sqft
    2022-10-01 0 days 2,058 sqft
    2022-11-01 0 days 2,076 sqft
    2022-12-01 0 days 2,086 sqft
    2023-01-01 0 days 2,086 sqft
    2023-02-01 0 days 2,086 sqft
    2023-03-01 0 days 1,914 sqft
    2023-04-01 0 days 1,897 sqft
    2023-05-01 0 days 1,842 sqft
    2023-06-01 0 days 1,996 sqft
    2023-07-01 0 days 2,030 sqft
    2023-08-01 0 days 1,992 sqft
    2023-09-01 0 days 1,945 sqft
    2023-10-01 0 days 1,957 sqft
    2023-11-01 0 days 1,981 sqft
    2023-12-01 0 days 1,923 sqft
    2024-01-01 0 days 1,957 sqft
    2024-02-01 0 days 1,945 sqft
    2024-03-01 0 days 1,862 sqft
    Tifton's median listing age (time on market) for 2024-03-01 was 0 days.

    Tifton's median square footage for active listings during the 2024-03-01 period was 1,862 sqft. One year prior, the average listing was 1,914 sqft.

    Tifton, GA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 262 $56,900,000 $217,176
    Refi 88 $30,460,000 $346,136
    Cash Out Refi 63 $9,865,000 $156,587
    Other 33 $2,505,000 $75,909
    Home Improvement 26 $2,550,000 $98,077

    Tifton's most frequently cited loan purpose was Home Purchase, with 262 originations. The 2nd most popular reason was Refi, with 88 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 148 $30,240,000 $204,324
    7-8% 90 $18,530,000 $205,889
    Over 8% 75 $17,295,000 $230,600
    5-6% 68 $16,370,000 $240,735
    4-5% 5 $1,885,000 $377,000
    <2.5% 3 $25,000 $8,333
    3-4% 2 $380,000 $190,000

    During 2023, Tifton's most frequently originated rate bucket was 6-7%, with 148 originations.

    Loan Sizing (Tifton, GA MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 159 $23,985,000 $150,849
    $200k-400k 148 $38,830,000 $262,365
    $100,000 or less 135 $7,175,000 $53,148
    $400k-600k 20 $9,460,000 $473,000
    $600k-1000k 6 $4,460,000 $743,333
    $Over $1MM 4 $18,370,000 $4,592,500

    Tifton's loan sizing saw the bucket of loans from $100k-200k with 159 originations, totaling $23,985,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 200 $48,050,000 $240,250
    60-80% 80 $15,930,000 $199,125
    40-60% 39 $14,695,000 $376,795
    20-40% 34 $2,640,000 $77,647
    Under 20% 28 $930,000 $33,214
    Over 100% 12 $2,940,000 $245,000

    Tifton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 200 originations, totaling $48,050,000 in origination value.