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 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.