Troy Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Troy averaged
6.44%
for the week of 2025-04-03, compared to the national average of
6.64% for the same period.
The average rate for the prior week (2025-03-27) was
6.45% and
one month ago for the week of 2025-02-27, the
average rate was 6.66%.
Troy's average rate one year ago was 6.89%.
For refis of the same type during the week of 2025-04-03, the average rate
was 6.54%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2025-04-03 | 6.64% |
Troy 30 Year Fixed Rate | 2025-04-03 | 6.44% |
Troy 30 Year Fixed Rate Refi | 2025-04-03 | 6.54% |
Troy 15 Year Fixed Rate | 2025-04-03 | 6.02% |
Troy 15 Year Fixed Rate Refi | 2025-04-03 | 5.82% |
Troy 30 Year FHA | 2025-04-03 | 6.22% |
Troy 30 Year FHA Refi | 2025-04-03 | 6.46% |
Troy 30 Year USDA | 2025-04-03 | 6.52% |
Troy 30 Year USDA Refi | 2025-04-03 | 6.22% |
Troy 30 Year VA | 2025-04-03 | 6.06% |
Troy 30 Year VA Refi | 2025-04-03 | 6.06% |
Troy 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 Troy, 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.).
Troy Average Closing Costs & Other Stats
Troy, AL's 30 lenders originated 509
loans during 2024. The total origination value was $89,345,000, with an average loan value of
$175,530.
Troy's average closing costs are $5,262.
The top Troy lender as defined by loan originations is Assurance Financial Group, L.L.C., with
26 loans originated. Their average total fees are
$5,434, which is $762
higher than the next largest lender,
Renasant Bank.
The lowest fee Troy lenders (with over 10 loans originated) are
Assurance Financial Group, L.L.C. ($5,434), .
The lowest rate Troy lenders (with over 10 loans originated) are
Assurance Financial Group, L.L.C. (6.64%), .
Troy, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
---|---|---|---|---|
Troy Bank and Trust Company | $9,815,000 | $10,920,000 | 11.3% | 12.2% |
Assurance Financial Group, L.L.C. | $9,750,000 | $9,370,000 | -3.9% | 10.5% |
Renasant Bank | $4,200,000 | $5,195,000 | 23.7% | 5.8% |
CROSSCOUNTRY MORTGAGE, LLC | $3,330,000 | $5,180,000 | 55.6% | 5.8% |
21ST MORTGAGE CORPORATION | $3,010,000 | $5,065,000 | 68.3% | 5.7% |
DHI MORTGAGE COMPANY, LTD. | $2,475,000 | $3,515,000 | 42.0% | 3.9% |
Mortgage Research Center, LLC | $1,790,000 | $3,330,000 | 86.0% | 3.7% |
QUICKEN LOANS, LLC | $3,260,000 | $3,275,000 | 0.5% | 3.7% |
Trustmark National Bank | $2,590,000 | $3,180,000 | 22.8% | 3.6% |
GUILD MORTGAGE COMPANY | $2,355,000 | $3,005,000 | 27.6% | 3.4% |
MAX Credit Union | $1,515,000 | $2,965,000 | 95.7% | 3.3% |
UNITED WHOLESALE MORTGAGE, LLC | $970,000 | $2,490,000 | 156.7% | 2.8% |
MOVEMENT MORTGAGE, LLC | $405,000 | $1,640,000 | 304.9% | 1.8% |
Mr. Cooper ( Nationstar Mortgage ) | $185,000 | $1,315,000 | 610.8% | 1.5% |
Guardian Credit Union | $1,870,000 | $1,310,000 | -29.9% | 1.5% |
UNION HOME MORTGAGE CORP. | $2,420,000 | $1,310,000 | -45.9% | 1.5% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,130,000 | $1,230,000 | 8.8% | 1.4% |
LOANDEPOT.COM, LLC | $425,000 | $1,210,000 | 184.7% | 1.4% |
FREEDOM MORTGAGE CORPORATION | $115,000 | $1,120,000 | 873.9% | 1.3% |
PENNYMAC LOAN SERVICES, LLC | $1,350,000 | $1,090,000 | -19.3% | 1.2% |
Regions Bank | $870,000 | $1,090,000 | 25.3% | 1.2% |
ALL IN | $820,000 | $975,000 | 18.9% | 1.1% |
First Citizens Bank | $605,000 | $965,000 | 59.5% | 1.1% |
MORTGAGE INVESTORS GROUP, INC. | $1,340,000 | $950,000 | -29.1% | 1.1% |
Flagstar Bank, FSB | $45,000 | $640,000 | 1,322.2% | 0.7% |
NAVY FEDERAL CREDIT UNION | $955,000 | $580,000 | -39.3% | 0.6% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $540,000 | n/a | 0.6% | |
Hamilton Mortgage Corporation | $535,000 | n/a | 0.6% | |
TOWNE MORTGAGE COMPANY | $535,000 | n/a | 0.6% | |
CMG MORTGAGE, INC. | $1,025,000 | $525,000 | -48.8% | 0.6% |
Wells Fargo Bank | $625,000 | $525,000 | -16.0% | 0.6% |
AMERICAN FINANCIAL RESOURCES, INC. | $725,000 | $480,000 | -33.8% | 0.5% |
GMFS LLC | $1,325,000 | $470,000 | -64.5% | 0.5% |
USAA Federal Savings Bank | $510,000 | $455,000 | -10.8% | 0.5% |
First Federal Bank | $290,000 | $435,000 | 50.0% | 0.5% |
HomePromise Corporation | $425,000 | n/a | 0.5% | |
Discover Bank | $55,000 | $420,000 | 663.6% | 0.5% |
First South Farm Credit, ACA | $405,000 | n/a | 0.5% | |
JPMorgan Chase Bank | $165,000 | $390,000 | 136.4% | 0.4% |
NEWREZ LLC | $270,000 | $370,000 | 37.0% | 0.4% |
PLAZA HOME MORTGAGE, INC. | $365,000 | n/a | 0.4% | |
TRIAD FINANCIAL SERVICES, INC. | $480,000 | $365,000 | -24.0% | 0.4% |
CIS Financial Services, Inc. | $360,000 | n/a | 0.4% | |
ALLIANT CREDIT UNION | $355,000 | n/a | 0.4% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $165,000 | $345,000 | 109.1% | 0.4% |
PLANET HOME LENDING, LLC | $325,000 | n/a | 0.4% | |
Ameris Bank | $590,000 | $320,000 | -45.8% | 0.4% |
Magnolia Bank | $285,000 | n/a | 0.3% | |
BROKER SOLUTIONS, INC. | $95,000 | $275,000 | 189.5% | 0.3% |
NFM, INC. | $275,000 | n/a | 0.3% | |
ROSS MORTGAGE CORPORATION | $275,000 | n/a | 0.3% | |
AMERISAVE MORTGAGE CORPORATION | $130,000 | $265,000 | 103.8% | 0.3% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,100,000 | $255,000 | -76.8% | 0.3% |
VILLAGE CAPITAL MORTGAGE | $255,000 | n/a | 0.3% | |
CREDIT HUMAN FEDERAL CREDIT UNION | $410,000 | $250,000 | -39.0% | 0.3% |
MORIA DEVELOPMENT, INC. | $250,000 | n/a | 0.3% | |
Plains Commerce Bank | $240,000 | n/a | 0.3% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $415,000 | $235,000 | -43.4% | 0.3% |
Citizens Bank | $185,000 | n/a | 0.2% | |
First Horizon Bank | $185,000 | n/a | 0.2% | |
PHH Mortgage Corporation | $185,000 | n/a | 0.2% | |
Barrington Bank & Trust Company, N.A. | $185,000 | $175,000 | -5.4% | 0.2% |
The Citizens Bank | $175,000 | n/a | 0.2% | |
First Community Bank of Central Alabama | $145,000 | $170,000 | 17.2% | 0.2% |
MILEND, INC. | $165,000 | n/a | 0.2% | |
ALABAMA STATE EMPLOYEES CREDIT UNION | $160,000 | n/a | 0.2% | |
CHURCHILL MORTGAGE CORPORATION | $215,000 | $155,000 | -27.9% | 0.2% |
First National Bank of America | $155,000 | n/a | 0.2% | |
Mortgage Lenders Investment Trading Corporation | $155,000 | n/a | 0.2% | |
SUCCESS MORTGAGE PARTNERS, INC. | $155,000 | n/a | 0.2% | |
Equity Prime Mortgage LLC | $135,000 | $145,000 | 7.4% | 0.2% |
River Bank & Trust | $360,000 | $145,000 | -59.7% | 0.2% |
South State Bank | $130,000 | n/a | 0.1% | |
NEW DAY FINANCIAL, LLC | $390,000 | $125,000 | -67.9% | 0.1% |
Five Star Credit Union | $285,000 | $115,000 | -59.6% | 0.1% |
FirstBank | $95,000 | n/a | 0.1% | |
Consumer First Mortgage, Inc. | $85,000 | n/a | 0.1% | |
CSL Financial, LLC | $65,000 | n/a | 0.1% | |
PUBLIX EMPLOYEES | $65,000 | n/a | 0.1% | |
APCO EMPLOYEES | $55,000 | n/a | 0.1% | |
LOANPAL, LLC | $55,000 | n/a | 0.1% | |
Prosperity Home Mortgage, LLC | $55,000 | n/a | 0.1% | |
U.S. Bank | $55,000 | n/a | 0.1% | |
Figure Lending LLC | $35,000 | $45,000 | 28.6% | 0.1% |
Truist | $35,000 | n/a | 0.0% | |
Tyndall Federal Credit Union | $35,000 | n/a | 0.0% |
Troy's top lender by overall market share is Troy Bank and Trust Company, with 12.2% market share. In second place, with 10.5%, is Assurance Financial Group, L.L.C., having originated $9,370,000 in loans. In third place, with 5.8%, is Renasant Bank, having originated $5,195,000 in loans. In fourth place, with 5.8%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $5,180,000 in loans. In fifth place, with 5.7%, is 21ST MORTGAGE CORPORATION, having originated $5,065,000 in loans.
Troy Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Troy (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $153,000 (9.4%) | $179,826 (5.1%) | 0.00 | 147 |
2018-02-01 | $150,975 (6.0%) | $175,994 (3.8%) | 0.00 | 156 |
2018-03-01 | $149,900 (1.3%) | $174,592 (-0.6%) | 0.00 | 165 |
2018-04-01 | $149,975 (5.3%) | $176,107 (1.0%) | 0.00 | 177 |
2018-05-01 | $149,600 (6.9%) | $175,343 (1.9%) | 0.00 | 179 |
2018-06-01 | $149,250 (0.2%) | $173,984 (0.1%) | 0.00 | 177 |
2018-07-01 | $149,900 (0.4%) | $173,395 (-1.1%) | 0.00 | 168 |
2018-08-01 | $152,250 (1.4%) | $175,733 (-4.1%) | 0.00 | 156 |
2018-09-01 | $149,900 (0.3%) | $174,705 (-5.5%) | 0.00 | 143 |
2018-10-01 | $151,750 (1.2%) | $189,760 (1.4%) | 0.00 | 146 |
2018-11-01 | $149,900 (-1.5%) | $187,182 (-0.5%) | 0.00 | 155 |
2018-12-01 | $139,900 (-9.6%) | $181,066 (-3.9%) | 0.00 | 141 |
2019-01-01 | $140,000 (-8.5%) | $180,336 (0.3%) | 0.00 | 146 |
2019-02-01 | $146,950 (-2.7%) | $181,433 (3.1%) | 0.00 | 145 |
2019-03-01 | $152,857 (2.0%) | $185,935 (6.5%) | 0.00 | 151 |
2019-04-01 | $157,875 (5.3%) | $185,380 (5.3%) | 0.00 | 158 |
2019-05-01 | $157,875 (5.5%) | $182,410 (4.0%) | 0.00 | 159 |
2019-06-01 | $154,900 (3.8%) | $182,508 (4.9%) | 0.00 | 153 |
2019-07-01 | $163,200 (8.9%) | $184,193 (6.2%) | 0.00 | 141 |
2019-08-01 | $163,486 (7.4%) | $185,132 (5.4%) | 0.00 | 139 |
2019-09-01 | $161,216 (7.6%) | $183,697 (5.2%) | 0.00 | 149 |
2019-10-01 | $159,225 (4.9%) | $180,719 (-4.8%) | 0.00 | 156 |
2019-11-01 | $149,900 (0.0%) | $179,352 (-4.2%) | 0.00 | 156 |
2019-12-01 | $149,700 (7.0%) | $177,989 (-1.7%) | 0.00 | 149 |
2020-01-01 | $148,750 (6.3%) | $168,647 (-6.5%) | 0.00 | 160 |
2020-02-01 | $149,950 (2.0%) | $172,797 (-4.8%) | 0.00 | 153 |
2020-03-01 | $153,700 (0.6%) | $170,461 (-8.3%) | 0.00 | 151 |
2020-04-01 | $157,000 (-0.6%) | $173,870 (-6.2%) | 0.00 | 141 |
2020-05-01 | $168,000 (6.4%) | $180,487 (-1.1%) | 0.00 | 136 |
2020-06-01 | $185,000 (19.4%) | $187,898 (3.0%) | 0.00 | 123 |
2020-07-01 | $174,925 (7.2%) | $188,376 (2.3%) | 0.00 | 115 |
2020-08-01 | $169,900 (3.9%) | $186,901 (1.0%) | 0.00 | 110 |
2020-09-01 | $169,288 (5.0%) | $190,405 (3.7%) | 0.00 | 108 |
2020-10-01 | $159,900 (0.4%) | $197,064 (9.0%) | 0.00 | 101 |
2020-11-01 | $159,900 (6.7%) | $191,150 (6.6%) | 0.00 | 93 |
2020-12-01 | $167,100 (11.6%) | $195,814 (10.0%) | 0.00 | 96 |
2021-01-01 | $169,700 (14.1%) | $196,740 (16.7%) | 0.00 | 101 |
2021-02-01 | $175,000 (16.7%) | $194,877 (12.8%) | 0.00 | 114 |
2021-03-01 | $179,500 (16.8%) | $195,596 (14.8%) | 0.00 | 102 |
2021-04-01 | $182,200 (16.1%) | $199,359 (14.7%) | 0.00 | 97 |
2021-05-01 | $179,000 (6.6%) | $195,313 (8.2%) | 0.00 | 89 |
2021-06-01 | $179,900 (-2.8%) | $205,944 (9.6%) | 0.00 | 83 |
2021-07-01 | $186,400 (6.6%) | $214,058 (13.6%) | 0.00 | 77 |
2021-08-01 | $208,900 (23.0%) | $228,664 (22.4%) | 0.00 | 92 |
2021-09-01 | $208,900 (23.4%) | $237,939 (25.0%) | 0.00 | 91 |
2021-10-01 | $209,750 (31.2%) | $237,094 (20.3%) | 0.00 | 83 |
2021-11-01 | $209,600 (31.1%) | $232,929 (21.9%) | 0.00 | 80 |
2021-12-01 | $205,725 (23.1%) | $228,236 (16.6%) | 0.00 | 77 |
2022-01-01 | $207,500 (22.3%) | $210,692 (7.1%) | 0.00 | 81 |
2022-02-01 | $199,000 (13.7%) | $208,909 (7.2%) | 0.00 | 87 |
2022-03-01 | $175,875 (-2.0%) | $193,076 (-1.3%) | 0.00 | 84 |
2022-04-01 | $181,750 (-0.3%) | $213,632 (7.2%) | 0.00 | 79 |
2022-05-01 | $200,800 (12.2%) | $214,747 (10.0%) | 0.00 | 70 |
2022-06-01 | $209,950 (16.7%) | $219,413 (6.5%) | 0.00 | 69 |
2022-07-01 | $209,000 (12.1%) | $223,211 (4.3%) | 0.00 | 73 |
2022-08-01 | $187,000 (-10.5%) | $238,347 (4.2%) | 0.00 | 85 |
2022-09-01 | $190,000 (-9.1%) | $248,541 (4.5%) | 0.00 | 89 |
2022-10-01 | $179,000 (-14.7%) | $247,276 (4.3%) | 0.00 | 90 |
2022-11-01 | $188,250 (-10.2%) | $230,794 (-0.9%) | 0.00 | 77 |
2022-12-01 | $196,200 (-4.6%) | $226,648 (-0.7%) | 0.00 | 76 |
2023-01-01 | $198,875 (-4.2%) | $225,523 (7.0%) | 0.00 | 75 |
2023-02-01 | $194,500 (-2.3%) | $217,160 (4.0%) | 0.00 | 70 |
2023-03-01 | $189,000 (7.5%) | $221,593 (14.8%) | 0.00 | 82 |
2023-04-01 | $217,000 (19.4%) | $227,816 (6.6%) | 0.00 | 84 |
2023-05-01 | $224,950 (12.0%) | $234,639 (9.3%) | 0.00 | 86 |
2023-06-01 | $216,175 (3.0%) | $226,606 (3.3%) | 0.00 | 86 |
2023-07-01 | $209,950 (0.5%) | $220,849 (-1.1%) | 0.00 | 93 |
2023-08-01 | $199,900 (6.9%) | $225,523 (-5.4%) | 0.00 | 97 |
2023-09-01 | $199,900 (5.2%) | $217,644 (-12.4%) | 0.00 | 104 |
2023-10-01 | $211,250 (18.0%) | $249,305 (0.8%) | 0.00 | 105 |
2023-11-01 | $219,725 (16.7%) | $307,301 (33.2%) | 0.00 | 91 |
2023-12-01 | $222,000 (13.2%) | $313,842 (38.5%) | 0.00 | 86 |
2024-01-01 | $234,045 (17.7%) | $311,272 (38.0%) | 0.00 | 99 |
2024-02-01 | $224,950 (15.7%) | $270,203 (24.4%) | 0.00 | 116 |
2024-03-01 | $222,000 (17.5%) | $264,261 (19.3%) | 0.00 | 117 |
2024-04-01 | $239,700 (10.5%) | $276,240 (21.3%) | 0.00 | 116 |
2024-05-01 | $239,925 (6.7%) | $281,830 (20.1%) | 0.00 | 116 |
2024-06-01 | $241,250 (11.6%) | $287,332 (26.8%) | 0.00 | 116 |
2024-07-01 | $248,625 (18.4%) | $289,537 (31.1%) | 0.00 | 119 |
2024-08-01 | $249,000 (24.6%) | $278,999 (23.7%) | 0.00 | 128 |
2024-09-01 | $250,125 (25.1%) | $288,352 (32.5%) | 0.00 | 119 |
2024-10-01 | $266,370 (26.1%) | $300,833 (20.7%) | 0.00 | 122 |
2024-11-01 | $247,900 (12.8%) | $283,687 (-7.7%) | 0.00 | 124 |
2024-12-01 | $246,925 (11.2%) | $296,332 (-5.6%) | 0.00 | 116 |
2025-01-01 | $247,450 (5.7%) | $278,535 (-10.5%) | 0.00 | 114 |
2025-02-01 | $243,950 (8.5%) | $273,623 (1.3%) | 0.00 | 131 |
2025-03-01 | $234,400 (5.6%) | $265,407 (0.4%) | 0.00 | 126 |
Troy's median listing price comes in at 0% of the national average.
Troy's average listing price for 2025-03-01 was $265,407, a difference of $1,146 (0.4%) versus the prior year and $-8,216 versus the prior month.
For the 2025-03-01 period, Troy had 126 MLS listings, a difference of -5 listings (-4%) versus the prior month and 9 listings (8%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Troy (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,608 sqft |
2018-02-01 | 0 days | 1,632 sqft |
2018-03-01 | 0 days | 1,632 sqft |
2018-04-01 | 0 days | 1,681 sqft |
2018-05-01 | 0 days | 1,709 sqft |
2018-06-01 | 0 days | 1,712 sqft |
2018-07-01 | 0 days | 1,717 sqft |
2018-08-01 | 0 days | 1,785 sqft |
2018-09-01 | 0 days | 1,744 sqft |
2018-10-01 | 0 days | 1,705 sqft |
2018-11-01 | 0 days | 1,666 sqft |
2018-12-01 | 0 days | 1,653 sqft |
2019-01-01 | 0 days | 1,664 sqft |
2019-02-01 | 0 days | 1,669 sqft |
2019-03-01 | 0 days | 1,682 sqft |
2019-04-01 | 0 days | 1,677 sqft |
2019-05-01 | 0 days | 1,702 sqft |
2019-06-01 | 0 days | 1,704 sqft |
2019-07-01 | 0 days | 1,746 sqft |
2019-08-01 | 0 days | 1,743 sqft |
2019-09-01 | 0 days | 1,736 sqft |
2019-10-01 | 0 days | 1,731 sqft |
2019-11-01 | 0 days | 1,707 sqft |
2019-12-01 | 0 days | 1,665 sqft |
2020-01-01 | 0 days | 1,683 sqft |
2020-02-01 | 0 days | 1,691 sqft |
2020-03-01 | 0 days | 1,700 sqft |
2020-04-01 | 0 days | 1,724 sqft |
2020-05-01 | 0 days | 1,757 sqft |
2020-06-01 | 0 days | 1,793 sqft |
2020-07-01 | 0 days | 1,818 sqft |
2020-08-01 | 0 days | 1,777 sqft |
2020-09-01 | 0 days | 1,711 sqft |
2020-10-01 | 0 days | 1,700 sqft |
2020-11-01 | 0 days | 1,695 sqft |
2020-12-01 | 0 days | 1,700 sqft |
2021-01-01 | 0 days | 1,658 sqft |
2021-02-01 | 0 days | 1,666 sqft |
2021-03-01 | 0 days | 1,645 sqft |
2021-04-01 | 0 days | 1,693 sqft |
2021-05-01 | 0 days | 1,647 sqft |
2021-06-01 | 0 days | 1,802 sqft |
2021-07-01 | 0 days | 1,798 sqft |
2021-08-01 | 0 days | 1,770 sqft |
2021-09-01 | 0 days | 1,830 sqft |
2021-10-01 | 0 days | 1,813 sqft |
2021-11-01 | 0 days | 1,800 sqft |
2021-12-01 | 0 days | 1,699 sqft |
2022-01-01 | 0 days | 1,658 sqft |
2022-02-01 | 0 days | 1,693 sqft |
2022-03-01 | 0 days | 1,665 sqft |
2022-04-01 | 0 days | 1,689 sqft |
2022-05-01 | 0 days | 1,666 sqft |
2022-06-01 | 0 days | 1,696 sqft |
2022-07-01 | 0 days | 1,640 sqft |
2022-08-01 | 0 days | 1,637 sqft |
2022-09-01 | 0 days | 1,605 sqft |
2022-10-01 | 0 days | 1,574 sqft |
2022-11-01 | 0 days | 1,668 sqft |
2022-12-01 | 0 days | 1,660 sqft |
2023-01-01 | 0 days | 1,640 sqft |
2023-02-01 | 0 days | 1,586 sqft |
2023-03-01 | 0 days | 1,550 sqft |
2023-04-01 | 0 days | 1,765 sqft |
2023-05-01 | 0 days | 1,795 sqft |
2023-06-01 | 0 days | 1,704 sqft |
2023-07-01 | 0 days | 1,640 sqft |
2023-08-01 | 0 days | 1,679 sqft |
2023-09-01 | 0 days | 1,688 sqft |
2023-10-01 | 0 days | 1,661 sqft |
2023-11-01 | 0 days | 1,700 sqft |
2023-12-01 | 0 days | 1,802 sqft |
2024-01-01 | 0 days | 1,869 sqft |
2024-02-01 | 0 days | 1,800 sqft |
2024-03-01 | 0 days | 1,787 sqft |
2024-04-01 | 0 days | 1,804 sqft |
2024-05-01 | 0 days | 1,794 sqft |
2024-06-01 | 0 days | 1,817 sqft |
2024-07-01 | 0 days | 1,974 sqft |
2024-08-01 | 0 days | 1,850 sqft |
2024-09-01 | 0 days | 1,851 sqft |
2024-10-01 | 0 days | 1,833 sqft |
2024-11-01 | 0 days | 1,802 sqft |
2024-12-01 | 0 days | 1,774 sqft |
2025-01-01 | 0 days | 1,755 sqft |
2025-02-01 | 0 days | 1,694 sqft |
2025-03-01 | 0 days | 1,717 sqft |
Troy's median square footage for active listings during the 2025-03-01 period was 1,717 sqft. One year prior, the average listing was 1,787 sqft.
Troy, AL Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 325 | $65,115,000 | $200,354 |
Refi | 65 | $11,535,000 | $177,462 |
Cash Out Refi | 50 | $7,700,000 | $154,000 |
Home Improvement | 43 | $3,195,000 | $74,302 |
Other | 26 | $1,800,000 | $69,231 |
Troy's most frequently cited loan purpose was Home Purchase, with 325 originations. The 2nd most popular reason was Refi, with 65 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 168 | $35,420,000 | $210,833 |
Over 8% | 137 | $15,615,000 | $113,978 |
7-8% | 80 | $14,710,000 | $183,875 |
5-6% | 64 | $15,760,000 | $246,250 |
4-5% | 41 | $5,485,000 | $133,780 |
<2.5% | 1 | $385,000 | $385,000 |
During 2024, Troy's most frequently originated rate bucket was 6-7%, with 168 originations.
Loan Sizing (Troy, AL MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 172 | $9,490,000 | $55,174 |
$200k-400k | 155 | $41,715,000 | $269,129 |
$100k-200k | 152 | $22,510,000 | $148,092 |
$400k-600k | 24 | $11,480,000 | $478,333 |
$600k-1000k | 6 | $4,150,000 | $691,667 |
Troy's loan sizing saw the bucket of loans from $100,000 or less with 172 originations, totaling $9,490,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 238 | $53,580,000 | $225,126 |
60-80% | 86 | $15,700,000 | $182,558 |
20-40% | 57 | $4,615,000 | $80,965 |
Under 20% | 48 | $1,920,000 | $40,000 |
40-60% | 42 | $6,450,000 | $153,571 |
Over 100% | 11 | $2,465,000 | $224,091 |
Troy's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 238 originations, totaling $53,580,000 in origination value.