Troy Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Troy averaged 6.88% for the week of 2023-12-07, compared to the national average of 7.03% for the same period.

    The average rate for the prior week (2023-11-30) was 6.87% and one month ago for the week of 2023-11-02, the average rate was 7.51%.

    Troy's average rate one year ago was 6.34%.

    For refis of the same type during the week of 2023-12-07, the average rate was 7.33%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-12-07 7.03%
    Troy 30 Year Fixed Rate 2023-12-07 6.88%
    Troy 30 Year Fixed Rate Refi 2023-12-07 7.33%
    Troy 15 Year Fixed Rate 2023-12-07 6.39%
    Troy 15 Year Fixed Rate Refi 2023-12-07 6.89%
    Troy 30 Year FHA 2023-12-07 6.92%
    Troy 30 Year FHA Refi 2023-12-07 6.62%
    Troy 30 Year USDA 2023-12-07 6.72%
    Troy 30 Year USDA Refi 2023-12-07 6.62%
    Troy 30 Year VA 2023-12-07 6.54%
    Troy 30 Year VA Refi 2023-12-07 6.34%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Troy, AL.

    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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Troy Bank and Trust Company 23 4.99% $3,716
    CROSSCOUNTRY MORTGAGE, LLC 18 4.71% $6,231
    Renasant Bank 15 3.86% $4,350
    QUICKEN LOANS, LLC 13 4.77% $6,469
    Assurance Financial Group, L.L.C. 11 6.02% $5,806
    MORTGAGE INVESTORS GROUP, INC. 10 4.80% $4,600
    Trustmark National Bank 8 3.73% $4,534
    Regions Bank 8 5.14% $3,834
    MAX Credit Union 8 5.14% $4,304
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 5.39% $4,145
    Wells Fargo Bank 7 4.20% $3,464
    GUILD MORTGAGE COMPANY 7 5.59% $4,423
    GMFS LLC 4 5.50% $4,686
    PNC Bank 3 4.29% $3,152
    UNITED WHOLESALE MORTGAGE, LLC 3 5.58% $7,708
    LOANDEPOT.COM, LLC 2 3.69% $4,085
    Ameris Bank 2 4.49% $6,247
    BancorpSouth 2 5.00% $2,808
    AMERISAVE MORTGAGE CORPORATION 2 4.25% $7,459
    ZILLOW HOME LOANS, LLC 1 3.38% $5,072
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.63% $3,651
    CARDINAL FINANCIAL 1 2.38% $7,953
    CMG MORTGAGE, INC. 1 3.13% $6,312
    Community Bank of Mississippi 1 6.88% $4,013
    Five Star Credit Union 1 6.60% $3,448
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.63% $6,193
    Mortgage Research Center, LLC 1 5.38% $1,110
    MOVEMENT MORTGAGE, LLC 1 3.63% $0
    NAVY FEDERAL CREDIT UNION 1 5.50% $6,527
    PENNYMAC LOAN SERVICES, LLC 1 3.12% $2,555
    River Bank & Trust 1 4.65% $4,960
    Synovus Bank 1 5.25% $5,461
    UNION HOME MORTGAGE CORP. 1 5.00% $5,092
    UNIVERSITY LENDING GROUP, LLC 1 5.50% $3,147

    Troy Average Closing Costs & Other Stats

    Troy, AL's 34 lenders originated 564 loans during 2022. The total origination value was $122,750,000, with an average loan value of $217,642.

    Troy's average closing costs are $4,720.

    The top Troy lender as defined by loan originations is Troy Bank and Trust Company, with 23 loans originated. Their average total fees are $3,716, which is $2,515 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Troy lenders (with over 10 loans originated) are Troy Bank and Trust Company ($3,716), Renasant Bank ($4,350), MORTGAGE INVESTORS GROUP, INC. ($4,600), Assurance Financial Group, L.L.C. ($5,806) and CROSSCOUNTRY MORTGAGE, LLC ($6,231).

    The lowest rate Troy lenders (with over 10 loans originated) are Renasant Bank (3.86%), CROSSCOUNTRY MORTGAGE, LLC (4.71%), QUICKEN LOANS, LLC (4.77%), MORTGAGE INVESTORS GROUP, INC. (4.80%) and Troy Bank and Trust Company (4.99%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Troy Bank and Trust Company $12,565,000 $26,435,000 110.4% 21.5%
    Progress Bank and Trust $9,570,000 n/a 7.8%
    QUICKEN LOANS, LLC $11,895,000 $7,080,000 -40.5% 5.8%
    CROSSCOUNTRY MORTGAGE, LLC $8,800,000 $6,825,000 -22.4% 5.6%
    Renasant Bank $21,290,000 $6,350,000 -70.2% 5.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $7,140,000 $4,570,000 -36.0% 3.7%
    Trustmark National Bank $1,370,000 $4,240,000 209.5% 3.5%
    Assurance Financial Group, L.L.C. $3,785,000 n/a 3.1%
    MORTGAGE INVESTORS GROUP, INC. $420,000 $3,410,000 711.9% 2.8%
    GUILD MORTGAGE COMPANY $6,065,000 $3,340,000 -44.9% 2.7%
    Regions Bank $3,825,000 $3,265,000 -14.6% 2.7%
    Mortgage Research Center, LLC $3,375,000 $2,905,000 -13.9% 2.4%
    MAX Credit Union $4,110,000 $2,830,000 -31.1% 2.3%
    The Piedmont Bank $2,655,000 n/a 2.2%
    21ST MORTGAGE CORPORATION $2,220,000 $2,595,000 16.9% 2.1%
    Wells Fargo Bank $3,175,000 $2,350,000 -26.0% 1.9%
    UNITED WHOLESALE MORTGAGE, LLC $1,885,000 $1,915,000 1.6% 1.6%
    GMFS LLC $450,000 $1,795,000 298.9% 1.5%
    First Citizens Bank $2,215,000 $1,735,000 -21.7% 1.4%
    Guardian Credit Union $2,015,000 $1,690,000 -16.1% 1.4%
    CMG MORTGAGE, INC. $360,000 $1,600,000 344.4% 1.3%
    ALL IN $555,000 $1,030,000 85.6% 0.8%
    NAVY FEDERAL CREDIT UNION $280,000 $990,000 253.6% 0.8%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $780,000 n/a 0.6%
    PNC Bank $180,000 $710,000 294.4% 0.6%
    Hometown Lenders, Inc. $1,175,000 $705,000 -40.0% 0.6%
    Ameris Bank $550,000 $675,000 22.7% 0.5%
    NEW DAY FINANCIAL, LLC $865,000 $630,000 -27.2% 0.5%
    UNION HOME MORTGAGE CORP. $200,000 $590,000 195.0% 0.5%
    LOANDEPOT.COM, LLC $2,100,000 $580,000 -72.4% 0.5%
    AMERISAVE MORTGAGE CORPORATION $1,215,000 $550,000 -54.7% 0.4%
    BROKER SOLUTIONS, INC. $540,000 n/a 0.4%
    PeoplesSouth Bank $485,000 $510,000 5.2% 0.4%
    Truist $925,000 $435,000 -53.0% 0.4%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $225,000 $430,000 91.1% 0.4%
    AMERICAN PACIFIC MORTGAGE CORPORATION $225,000 $420,000 86.7% 0.3%
    River Bank & Trust $85,000 $415,000 388.2% 0.3%
    USAA Federal Savings Bank $1,125,000 $390,000 -65.3% 0.3%
    CSL Financial, LLC $275,000 $385,000 40.0% 0.3%
    FREEDOM MORTGAGE CORPORATION $3,045,000 $380,000 -87.5% 0.3%
    PLANET HOME LENDING, LLC $365,000 n/a 0.3%
    ZILLOW HOME LOANS, LLC $380,000 $340,000 -10.5% 0.3%
    TRIAD FINANCIAL SERVICES, INC. $330,000 n/a 0.3%
    PENNYMAC LOAN SERVICES, LLC $1,825,000 $315,000 -82.7% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $990,000 $290,000 -70.7% 0.2%
    Prosperity Home Mortgage, LLC $285,000 n/a 0.2%
    R M K FINANCIAL CORP. $285,000 n/a 0.2%
    AMERICAN FINANCING CORPORATION $115,000 $275,000 139.1% 0.2%
    DHI MORTGAGE COMPANY, LTD. $275,000 n/a 0.2%
    Armed Forces Bank $255,000 n/a 0.2%
    FINANCE OF AMERICA MORTGAGE LLC $245,000 n/a 0.2%
    RELIANCE FIRST CAPITAL, LLC $205,000 $245,000 19.5% 0.2%
    MOVEMENT MORTGAGE, LLC $940,000 $240,000 -74.5% 0.2%
    First Western Federal Savings Bank $235,000 n/a 0.2%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $235,000 n/a 0.2%
    BancorpSouth Bank $225,000 $230,000 2.2% 0.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $350,000 $225,000 -35.7% 0.2%
    The Hometown Bank of Alabama $225,000 n/a 0.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $455,000 $220,000 -51.6% 0.2%
    ALABAMA STATE EMPLOYEES CREDIT UNION $205,000 n/a 0.2%
    Bank of England $625,000 $205,000 -67.2% 0.2%
    PriorityOne Bank $205,000 n/a 0.2%
    ACIPCO Federal Credit Union $195,000 n/a 0.2%
    HOME POINT FINANCIAL CORPORATION $1,075,000 $195,000 -81.9% 0.2%
    UNIVERSITY LENDING GROUP, LLC $195,000 n/a 0.2%
    HOMESTAR FINANCIAL CORPORATION $185,000 n/a 0.2%
    Synovus Bank $370,000 $185,000 -50.0% 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $385,000 $180,000 -53.2% 0.1%
    Colony Bank $175,000 n/a 0.1%
    ENVOY MORTGAGE, LTD $170,000 $175,000 2.9% 0.1%
    M&T Bank $165,000 n/a 0.1%
    Century Mortgage Company DBA Century Lending Company $155,000 n/a 0.1%
    Community Bank of Mississippi $145,000 n/a 0.1%
    First Federal Bank $145,000 n/a 0.1%
    NEWREZ LLC $930,000 $145,000 -84.4% 0.1%
    TOP FLITE FINANCIAL, INC. $190,000 $145,000 -23.7% 0.1%
    Carrington Mortgage Services, LLC $395,000 $135,000 -65.8% 0.1%
    FINANCE OF AMERICA REVERSE LLC $135,000 n/a 0.1%
    Five Star Credit Union $25,000 $135,000 440.0% 0.1%
    First South Farm Credit, ACA $505,000 $125,000 -75.2% 0.1%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $125,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $595,000 $125,000 -79.0% 0.1%
    BETTER MORTGAGE CORPORATION $205,000 $115,000 -43.9% 0.1%
    RAPID MORTGAGE COMPANY $115,000 n/a 0.1%
    BAYSHORE MORTGAGE FUNDING, LLC $285,000 $105,000 -63.2% 0.1%
    Hometown Equity Mortgage, LLC $105,000 n/a 0.1%
    LIMA ONE CAPITAL, LLC $95,000 n/a 0.1%
    REDSTONE Federal Credit Union $95,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $435,000 $85,000 -80.5% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $515,000 $85,000 -83.5% 0.1%
    BankPlus $275,000 $75,000 -72.7% 0.1%
    JPMorgan Chase Bank $205,000 $75,000 -63.4% 0.1%
    Flagstar Bank, FSB $485,000 $70,000 -85.6% 0.1%
    Figure Lending LLC $45,000 n/a 0.0%
    ALABAMA CREDIT UNION $55,000 $35,000 -36.4% 0.0%
    Tyndall Federal Credit Union $205,000 $35,000 -82.9% 0.0%
    CB&S Bank, Inc. $25,000 n/a 0.0%

    Troy's top lender by overall market share is Troy Bank and Trust Company, with 21.5% market share. In second place, with 7.8%, is Progress Bank and Trust, having originated $9,570,000 in loans. In third place, with 5.8%, is QUICKEN LOANS, LLC, having originated $7,080,000 in loans. In fourth place, with 5.6%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $6,825,000 in loans. In fifth place, with 5.2%, is Renasant Bank, having originated $6,350,000 in loans.

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

    Realtor.com - Troy (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 $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%) $174,194 (-0.9%) 0.00 166
    2018-04-01 $149,950 (5.3%) $175,905 (0.8%) 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 (6.7%) 0.00 151
    2019-04-01 $157,875 (5.3%) $185,380 (5.4%) 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 $149,950 (0.0%) $179,644 (-4.0%) 0.00 156
    2019-12-01 $149,850 (7.1%) $178,285 (-1.5%) 0.00 150
    2020-01-01 $149,000 (6.4%) $169,005 (-6.3%) 0.00 161
    2020-02-01 $150,000 (2.1%) $173,101 (-4.6%) 0.00 154
    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 (6.6%) $191,150 (6.4%) 0.00 93
    2020-12-01 $167,100 (11.5%) $195,814 (9.8%) 0.00 96
    2021-01-01 $169,700 (13.9%) $196,740 (16.4%) 0.00 101
    2021-02-01 $175,000 (16.7%) $194,877 (12.6%) 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 $188,875 (-9.6%) $240,827 (5.3%) 0.00 86
    2022-09-01 $191,000 (-8.6%) $250,411 (5.2%) 0.00 90
    2022-10-01 $179,000 (-14.7%) $249,083 (5.1%) 0.00 91
    2022-11-01 $190,750 (-9.0%) $231,847 (-0.5%) 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 $212,500 (16.9%) $227,816 (6.6%) 0.00 84
    2023-05-01 $224,350 (11.7%) $233,637 (8.8%) 0.00 87
    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 (5.8%) $225,523 (-6.4%) 0.00 97
    2023-09-01 $199,900 (4.7%) $217,644 (-13.1%) 0.00 104
    2023-10-01 $211,250 (18.0%) $249,305 (0.1%) 0.00 105
    2023-11-01 $219,725 (15.2%) $307,301 (32.5%) 0.00 91
    Troy's median listing price for 2023-11-01 was $219,725, a difference of $28,975 (15.2%) versus the prior year and $8,475 versus the prior month.

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

    Troy's average listing price for 2023-11-01 was $307,301, a difference of $75,454 (32.5%) versus the prior year and $57,996 versus the prior month.

    For the 2023-11-01 period, Troy had 91 MLS listings, a difference of -14 listings (-13%) versus the prior month and 14 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Troy (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,608 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 1,676 sqft
    2020-01-01 0 days 1,691 sqft
    2020-02-01 0 days 1,696 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 1,640 sqft
    2022-09-01 0 days 1,618 sqft
    2022-10-01 0 days 1,591 sqft
    2022-11-01 0 days 1,677 sqft
    2022-12-01 0 days 1,660 sqft
    2023-01-01 0 days 1,640 sqft
    2023-02-01 0 days 1,571 sqft
    2023-03-01 0 days 1,538 sqft
    2023-04-01 0 days 1,755 sqft
    2023-05-01 0 days 1,774 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
    Troy's median listing age (time on market) for 2023-11-01 was 0 days.

    Troy's median square footage for active listings during the 2023-11-01 period was 1,700 sqft. One year prior, the average listing was 1,677 sqft.

    Troy, AL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 360 $90,120,000 $250,333
    Refi 95 $19,855,000 $209,000
    Cash Out Refi 72 $10,330,000 $143,472
    Home Improvement 24 $1,430,000 $59,583
    Other 13 $1,015,000 $78,077

    Troy's most frequently cited loan purpose was Home Purchase, with 360 originations. The 2nd most popular reason was Refi, with 95 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    4-5% 142 $37,230,000 $262,183
    5-6% 128 $23,450,000 $183,203
    3-4% 111 $29,215,000 $263,198
    6-7% 75 $13,795,000 $183,933
    7-8% 36 $4,260,000 $118,333
    Over 8% 28 $2,020,000 $72,143
    2.5-3% 27 $6,765,000 $250,556
    <2.5% 7 $1,165,000 $166,429

    During 2022, Troy's most frequently originated rate bucket was 4-5%, with 142 originations.

    Loan Sizing (Troy, AL MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 214 $32,260,000 $150,748
    $200k-400k 177 $46,065,000 $260,254
    $100,000 or less 137 $8,455,000 $61,715
    $400k-600k 23 $10,775,000 $468,478
    $Over $1MM 7 $21,075,000 $3,010,714
    $600k-1000k 6 $4,120,000 $686,667

    Troy's loan sizing saw the bucket of loans from $100k-200k with 214 originations, totaling $32,260,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 305 $66,225,000 $217,131
    60-80% 134 $29,440,000 $219,701
    40-60% 50 $5,760,000 $115,200
    20-40% 27 $10,475,000 $387,963
    Under 20% 18 $1,440,000 $80,000
    Over 100% 10 $2,640,000 $264,000

    Troy's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 305 originations, totaling $66,225,000 in origination value.