Troy Mortgage Rates & Closing Costs

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

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%
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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Assurance Financial Group, L.L.C. 26 6.64% $5,434
Renasant Bank 9 6.74% $4,672
CROSSCOUNTRY MORTGAGE, LLC 7 7.01% $5,660
GUILD MORTGAGE COMPANY 6 6.46% $5,582
Trustmark National Bank 6 6.42% $6,665
QUICKEN LOANS, LLC 5 7.12% $5,872
Troy Bank and Trust Company 5 7.92% $4,852
Wells Fargo Bank 3 6.08% $3,476
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.88% $4,283
DHI MORTGAGE COMPANY, LTD. 3 5.54% $2,027
UNION HOME MORTGAGE CORP. 3 6.67% $6,181
MORTGAGE INVESTORS GROUP, INC. 3 4.08% $4,207
MAX Credit Union 2 6.50% $4,502
NAVY FEDERAL CREDIT UNION 1 5.38% $3,121
SUCCESS MORTGAGE PARTNERS, INC. 1 7.38% $5,766
TOWNE MORTGAGE COMPANY 1 6.88% $7,790
USAA Federal Savings Bank 1 7.38% $4,277
LOANDEPOT.COM, LLC 1 7.63% $4,837
Ameris Bank 1 8.13% $1,901
CHURCHILL MORTGAGE CORPORATION 1 7.13% $7,418
CMG MORTGAGE, INC. 1 7.99% $5,909
First Federal Bank 1 7.13% $3,719
First Horizon Bank 1 7.00% $3,490
First National Bank of America 1 11.88% $8,158
First South Farm Credit, ACA 1 7.75% $4,709
FREEDOM MORTGAGE CORPORATION 1 7.38% $6,989
JPMorgan Chase Bank 1 6.50% $3,470
ALLIANT CREDIT UNION 1 6.63% $4,626
MOVEMENT MORTGAGE, LLC 1 6.13% $3,469
Mr. Cooper ( Nationstar Mortgage ) 1 7.63% $5,256

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. 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%) $174,592 (-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 for 2025-03-01 was $234,400, a difference of $12,400 (5.6%) versus the prior year and $-9,550 versus the prior month.

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. 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 1,665 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 listing age (time on market) for 2025-03-01 was 0 days.

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.