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 7% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

The average rate for the prior week (2023-03-09) was 6.83% and one month ago for the week of 2023-02-09, the average rate was 6.62%.

Troy's average rate one year ago was 4.25%.

For refis of the same type during the week of 2023-03-16, the average rate was 6.92%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-03-16 6.6%
Troy 30 Year Fixed Rate 2023-03-16 7%
Troy 30 Year Fixed Rate Refi 2023-03-16 6.92%
Troy 15 Year Fixed Rate 2023-03-16 8.33%
Troy 15 Year Fixed Rate Refi 2023-03-16 6.57%
Troy 30 Year FHA 2023-03-16 6.52%
Troy 30 Year FHA Refi 2023-03-16 6.42%
Troy 30 Year USDA 2023-03-16 6.57%
Troy 30 Year USDA Refi 2023-03-16 3.32%
Troy 30 Year VA 2023-03-16 6.65%
Troy 30 Year VA Refi 2023-03-16 6.13%
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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Renasant Bank 56 2.91% $3,901
QUICKEN LOANS, LLC 20 3.19% $4,235
GUILD MORTGAGE COMPANY 20 3.25% $4,167
CROSSCOUNTRY MORTGAGE, LLC 18 3.01% $4,917
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 15 3.28% $3,643
Wells Fargo Bank 11 3.05% $3,402
Troy Bank and Trust Company 10 5.35% $3,676
MAX Credit Union 8 3.13% $4,502
HOME POINT FINANCIAL CORPORATION 6 3.23% $4,190
UNITED WHOLESALE MORTGAGE, LLC 5 3.21% $3,722
Regions Bank 5 3.05% $3,081
Trustmark National Bank 4 3.19% $2,803
Nations Lending Corporation 3 3.04% $7,059
AMERISAVE MORTGAGE CORPORATION 3 2.96% $5,326
Hometown Lenders, Inc. 3 2.96% $4,059
LOANDEPOT.COM, LLC 3 2.92% $3,354
Synovus Bank 2 3.00% $4,364
PENNYMAC LOAN SERVICES, LLC 2 3.25% $4,052
North American Savings Bank, F.S.B. 2 3.50% $868
MORTGAGE INVESTORS GROUP, INC. 2 2.94% $5,387
FREEDOM MORTGAGE CORPORATION 2 3.13% $2,519
MOVEMENT MORTGAGE, LLC 2 2.94% $3,793
Bank of England 2 2.88% $4,142
Flagstar Bank, FSB 2 3.29% $2,274
CRESCENT MORTGAGE COMPANY 2 3.88% $4,100
AMERICAN FINANCIAL NETWORK, INC. 1 3.38% $7,568
ZILLOW HOME LOANS, LLC 1 2.88% $1,824
AMERICAN FINANCING CORPORATION 1 3.50% $3,216
BankPlus 1 3.13% $2,644
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.25% $1,885
EMBRACE HOME LOANS, INC. 1 3.25% $3,912
Fifth Third Bank 1 2.88% $4,031
First Financial Bank 1 3.38% $2,619
GMFS LLC 1 2.75% $5,285
Hamilton Mortgage Corporation 1 3.38% $3,795
JPMorgan Chase Bank 1 3.25% $2,012
Mr. Cooper ( Nationstar Mortgage ) 1 3.00% $5,059
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.50% $3,376
NAVY FEDERAL CREDIT UNION 1 3.50% $1,787
NEWREZ LLC 1 2.63% $4,640
NexBank 1 3.38% $3,632
Northpointe Bank 1 3.38% $2,764
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.13% $3,131
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.75% $8,827
SOUTHPOINT FINANCIAL SERVICES, INC. 1 2.75% $5,267
STEARNS LENDING, LLC 1 2.99% $9,324
SUN WEST MORTGAGE COMPANY, INC. 1 2.75% $1,665
TJC Mortgage, Inc. 1 3.25% $3,224
Tyndall Federal Credit Union 1 3.13% $2,413
USAA Federal Savings Bank 1 3.25% $2,787
U.S. Bank 1 2.75% $3,600

Troy Average Closing Costs & Other Stats

Troy, AL's 51 lenders originated 793 loans during 2021. The total origination value was $145,105,000, with an average loan value of $182,982.

Troy's average closing costs are $4,427.

The top Troy lender as defined by loan originations is Renasant Bank, with 56 loans originated. Their average total fees are $3,901, which is $334 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Troy lenders (with over 10 loans originated) are Wells Fargo Bank ($3,402), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,643), Troy Bank and Trust Company ($3,676), Renasant Bank ($3,901) and GUILD MORTGAGE COMPANY ($4,167).

The lowest rate Troy lenders (with over 10 loans originated) are Renasant Bank (2.91%), CROSSCOUNTRY MORTGAGE, LLC (3.01%), Wells Fargo Bank (3.05%), QUICKEN LOANS, LLC (3.19%) and GUILD MORTGAGE COMPANY (3.25%).

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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Renasant Bank $14,655,000 $21,290,000 45.3% 14.7%
Troy Bank and Trust Company $23,040,000 $12,565,000 -45.5% 8.7%
QUICKEN LOANS, LLC $8,725,000 $11,895,000 36.3% 8.2%
CROSSCOUNTRY MORTGAGE, LLC $4,890,000 $8,800,000 80.0% 6.1%
Southern States Bank $7,255,000 n/a 5.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,105,000 $7,140,000 73.9% 4.9%
GUILD MORTGAGE COMPANY $3,780,000 $6,065,000 60.4% 4.2%
MAX Credit Union $5,650,000 $4,110,000 -27.3% 2.8%
Regions Bank $3,450,000 $3,825,000 10.9% 2.6%
AuburnBank $2,065,000 $3,570,000 72.9% 2.5%
Mortgage Research Center, LLC $1,250,000 $3,375,000 170.0% 2.3%
Wells Fargo Bank $1,935,000 $3,175,000 64.1% 2.2%
FREEDOM MORTGAGE CORPORATION $3,420,000 $3,045,000 -11.0% 2.1%
21ST MORTGAGE CORPORATION $1,665,000 $2,220,000 33.3% 1.5%
First Citizens Bank $940,000 $2,215,000 135.6% 1.5%
LOANDEPOT.COM, LLC $1,060,000 $2,100,000 98.1% 1.4%
Guardian Credit Union $570,000 $2,015,000 253.5% 1.4%
United Bank $1,885,000 n/a 1.3%
UNITED WHOLESALE MORTGAGE, LLC $145,000 $1,885,000 1,200.0% 1.3%
PENNYMAC LOAN SERVICES, LLC $625,000 $1,825,000 192.0% 1.3%
Trustmark National Bank $1,340,000 $1,370,000 2.2% 0.9%
AMERISAVE MORTGAGE CORPORATION $925,000 $1,215,000 31.4% 0.8%
INTERLINC MORTGAGE SERVICES, LLC $1,870,000 $1,215,000 -35.0% 0.8%
Hometown Lenders, Inc. $375,000 $1,175,000 213.3% 0.8%
USAA Federal Savings Bank $870,000 $1,125,000 29.3% 0.8%
HOME POINT FINANCIAL CORPORATION $250,000 $1,075,000 330.0% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $395,000 $990,000 150.6% 0.7%
MOVEMENT MORTGAGE, LLC $940,000 n/a 0.6%
SUN WEST MORTGAGE COMPANY, INC. $940,000 n/a 0.6%
NEWREZ LLC $205,000 $930,000 353.7% 0.6%
Truist Bank $1,180,000 $925,000 -21.6% 0.6%
SouthPoint Bank $175,000 $905,000 417.1% 0.6%
NEW DAY FINANCIAL, LLC $800,000 $865,000 8.1% 0.6%
CRESCENT MORTGAGE COMPANY $285,000 $840,000 194.7% 0.6%
Nations Lending Corporation $740,000 $820,000 10.8% 0.6%
Bank of England $135,000 $625,000 363.0% 0.4%
HOMESIDE FINANCIAL, LLC $595,000 n/a 0.4%
ALL IN $1,155,000 $555,000 -51.9% 0.4%
Ameris Bank $125,000 $550,000 340.0% 0.4%
LAKEVIEW LOAN SERVICING, LLC $340,000 $515,000 51.5% 0.4%
STEARNS LENDING, LLC $515,000 n/a 0.4%
First South Farm Credit, ACA $945,000 $505,000 -46.6% 0.3%
Flagstar Bank, FSB $385,000 $485,000 26.0% 0.3%
PeoplesSouth Bank $165,000 $485,000 193.9% 0.3%
VANDERBILT MORTGAGE AND FINANCE, INC. $225,000 $455,000 102.2% 0.3%
GMFS LLC $1,190,000 $450,000 -62.2% 0.3%
CREDIT HUMAN FEDERAL CREDIT UNION $230,000 $435,000 89.1% 0.3%
North American Savings Bank, F.S.B. $335,000 $430,000 28.4% 0.3%
FirstBank $1,030,000 $420,000 -59.2% 0.3%
MORTGAGE INVESTORS GROUP, INC. $775,000 $420,000 -45.8% 0.3%
Carrington Mortgage Services, LLC $75,000 $395,000 426.7% 0.3%
VILLAGE CAPITAL & INVESTMENT LLC $480,000 $395,000 -17.7% 0.3%
AMERICAN FINANCIAL RESOURCES, INC. $85,000 $385,000 352.9% 0.3%
ZILLOW HOME LOANS, LLC $380,000 n/a 0.3%
TJC Mortgage, Inc. $375,000 n/a 0.3%
Synovus Bank $105,000 $370,000 252.4% 0.3%
Fifth Third Bank $365,000 n/a 0.3%
CMG MORTGAGE, INC. $350,000 $360,000 2.9% 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $295,000 $350,000 18.6% 0.2%
Hamilton Mortgage Corporation $195,000 $345,000 76.9% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $790,000 $340,000 -57.0% 0.2%
MORTGAGE MANAGEMENT CONSULTANTS, INC. $290,000 n/a 0.2%
BAYSHORE MORTGAGE FUNDING, LLC $285,000 n/a 0.2%
NAVY FEDERAL CREDIT UNION $435,000 $280,000 -35.6% 0.2%
BankPlus $275,000 n/a 0.2%
CSL Financial, LLC $275,000 n/a 0.2%
Barrington Bank & Trust Company, N.A. $550,000 $270,000 -50.9% 0.2%
CERTAINTY HOME LOANS, LLC $380,000 $270,000 -28.9% 0.2%
U.S. Bank $255,000 n/a 0.2%
SOUTHPOINT FINANCIAL SERVICES, INC. $245,000 n/a 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $225,000 n/a 0.2%
BancorpSouth Bank $45,000 $225,000 400.0% 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $225,000 n/a 0.2%
EMBRACE HOME LOANS, INC. $215,000 n/a 0.1%
BETTER MORTGAGE CORPORATION $205,000 $205,000 0.0% 0.1%
JPMorgan Chase Bank $195,000 $205,000 5.1% 0.1%
NFM, INC. $205,000 n/a 0.1%
RELIANCE FIRST CAPITAL, LLC $205,000 n/a 0.1%
Tyndall Federal Credit Union $565,000 $205,000 -63.7% 0.1%
PENTAGON FEDERAL CREDIT UNION $150,000 $200,000 33.3% 0.1%
UNION HOME MORTGAGE CORP. $200,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $190,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $185,000 n/a 0.1%
PNC Bank $65,000 $180,000 176.9% 0.1%
ALLIED MORTGAGE GROUP, INC. $175,000 n/a 0.1%
CLEARPATH LENDING $505,000 $175,000 -65.3% 0.1%
FIRST COMMUNITY MORTGAGE, INC. $175,000 n/a 0.1%
ENVOY MORTGAGE, LTD $270,000 $170,000 -37.0% 0.1%
BBVA USA $115,000 $165,000 43.5% 0.1%
NATIONS DIRECT MORTGAGE, LLC $165,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $105,000 $155,000 47.6% 0.1%
The Peoples Bank of Georgia $155,000 n/a 0.1%
CCB Community Bank $185,000 $145,000 -21.6% 0.1%
Northpointe Bank $135,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $135,000 n/a 0.1%
AMERICAN ADVISORS GROUP $85,000 $130,000 52.9% 0.1%
AMERICAN FINANCING CORPORATION $115,000 n/a 0.1%
First Financial Bank $105,000 n/a 0.1%
InterContinental Capital Group, Inc $105,000 n/a 0.1%
MIDLAND MORTGAGE CORPORATION $95,000 n/a 0.1%
OCEANSIDE MORTGAGE COMPANY $145,000 $95,000 -34.5% 0.1%
River Bank & Trust $85,000 n/a 0.1%
The First, A National Banking Association $75,000 n/a 0.1%
ALABAMA CREDIT UNION $55,000 n/a 0.0%
NexBank $55,000 n/a 0.0%
Five Star Credit Union $160,000 $25,000 -84.4% 0.0%
1st Franklin Financial Corporation $45,000 $15,000 -66.7% 0.0%

Troy's top lender by overall market share is Renasant Bank, with 14.7% market share. In second place, with 8.7%, is Troy Bank and Trust Company, having originated $12,565,000 in loans. In third place, with 8.2%, is QUICKEN LOANS, LLC, having originated $11,895,000 in loans. In fourth place, with 6.1%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $8,800,000 in loans. In fifth place, with 5.0%, is Southern States Bank, having originated $7,255,000 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 $153,264 (2.2%) $186,049 (6.6%) 0.00 151
2019-04-01 $158,350 (5.6%) $185,494 (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 $149,950 (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 (0.3%) $170,461 (-8.4%) 0.00 151
2020-04-01 $157,000 (-0.9%) $173,870 (-6.3%) 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 $179,375 (16.7%) $194,450 (14.1%) 0.00 102
2021-04-01 $182,075 (16.0%) $199,030 (14.5%) 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 $185,700 (6.2%) $212,628 (12.9%) 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 $209,450 (31.0%) $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 (-0.7%) 0.00 84
2022-04-01 $180,000 (-1.1%) $213,632 (7.3%) 0.00 79
2022-05-01 $200,800 (12.2%) $213,790 (9.5%) 0.00 70
2022-06-01 $209,950 (16.7%) $219,413 (6.5%) 0.00 69
2022-07-01 $201,000 (8.2%) $220,937 (3.9%) 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 (-10.1%) $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 $182,250 (-8.4%) $217,160 (4.0%) 0.00 70
Troy's median listing price for 2023-02-01 was $182,250, a difference of $-16,750 (-8.4%) versus the prior year and $-16,625 versus the prior month.

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

Troy's average listing price for 2023-02-01 was $217,160, a difference of $8,251 (4.0%) versus the prior year and $-8,363 versus the prior month.

For the 2023-02-01 period, Troy had 70 MLS listings, a difference of -5 listings (-7%) versus the prior month and -17 listings (-20%) 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 1,678 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 1,644 sqft
2021-04-01 0 days 1,688 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 1,760 sqft
2021-09-01 0 days 1,830 sqft
2021-10-01 0 days 1,813 sqft
2021-11-01 0 days 1,784 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 1,682 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 1,537 sqft
Troy's median listing age (time on market) for 2023-02-01 was 0 days.

Troy's median square footage for active listings during the 2023-02-01 period was 1,537 sqft. One year prior, the average listing was 1,693 sqft.

Troy, AL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 415 $80,645,000 $194,325
Refi 251 $44,935,000 $179,024
Cash Out Refi 103 $17,765,000 $172,476
Home Improvement 18 $1,400,000 $77,778
Other 6 $360,000 $60,000

Troy's most frequently cited loan purpose was Home Purchase, with 415 originations. The 2nd most popular reason was Refi, with 251 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 257 $48,375,000 $188,230
3-4% 232 $39,040,000 $168,276
<2.5% 121 $23,505,000 $194,256
4-5% 69 $10,715,000 $155,290
Over 8% 35 $2,205,000 $63,000
5-6% 31 $3,795,000 $122,419
6-7% 15 $1,125,000 $75,000
7-8% 13 $1,065,000 $81,923

During 2021, Troy's most frequently originated rate bucket was 2.5-3%, with 257 originations.

Loan Sizing (Troy, AL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 375 $56,015,000 $149,373
$200k-400k 210 $55,470,000 $264,143
$100,000 or less 185 $11,535,000 $62,351
$400k-600k 16 $7,420,000 $463,750
$600k-1000k 4 $2,870,000 $717,500
$Over $1MM 3 $11,795,000 $3,931,667

Troy's loan sizing saw the bucket of loans from $100k-200k with 375 originations, totaling $56,015,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 393 $72,205,000 $183,728
60-80% 225 $35,705,000 $158,689
40-60% 72 $10,610,000 $147,361
20-40% 32 $2,540,000 $79,375
Over 100% 17 $4,175,000 $245,588
Under 20% 10 $240,000 $24,000

Troy's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 393 originations, totaling $72,205,000 in origination value.