TUSCALOOSA Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Tuscaloosa averaged
6.23%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
5.75% and
one month ago for the week of 2023-04-20, the
average rate was 5.85%.
Tuscaloosa's average rate one year ago was 4.71%.
For refis of the same type during the week of 2023-05-25, the average rate
was 5.9%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| Tuscaloosa 30 Year Fixed Rate | 2023-05-25 | 6.23% |
| Tuscaloosa 30 Year Fixed Rate Refi | 2023-05-25 | 5.9% |
| Tuscaloosa 15 Year Fixed Rate | 2023-05-25 | 6.06% |
| Tuscaloosa 15 Year Fixed Rate Refi | 2023-05-25 | 4.89% |
| Tuscaloosa 30 Year FHA | 2023-05-25 | 6.15% |
| Tuscaloosa 30 Year FHA Refi | 2023-05-25 | 6.51% |
| Tuscaloosa 30 Year USDA | 2023-05-25 | 5.85% |
| Tuscaloosa 30 Year USDA Refi | 2023-05-25 | 6.43% |
| Tuscaloosa 30 Year VA | 2023-05-25 | 6.14% |
| Tuscaloosa 30 Year VA Refi | 2023-05-25 | 6.21% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within TUSCALOOSA, AL.
TUSCALOOSA 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 TUSCALOOSA, 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.).
TUSCALOOSA Average Closing Costs & Other Stats
TUSCALOOSA, AL's 168 lenders originated 5,506
loans during 2022. The total origination value was $1,368,930,000, with an average loan value of
$248,625.
TUSCALOOSA's average closing costs are $4,515.
The top TUSCALOOSA lender as defined by loan originations is First Federal Bank, A FSB, with
409 loans originated. Their average total fees are
$4,541, which is $714
higher than the next largest lender,
Alabama One Credit Union.
The lowest fee TUSCALOOSA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($2,888), NAVY FEDERAL CREDIT UNION ($3,019), Wells Fargo Bank ($3,492), Trustmark National Bank ($3,551) and SmartBank ($3,664).
The lowest rate TUSCALOOSA lenders (with over 10 loans originated) are
ALABAMA CREDIT UNION (4.08%), BANK OF LITTLE ROCK MORTGAGE CORPORATION (4.12%), LOANDEPOT.COM, LLC (4.20%), HOME POINT FINANCIAL CORPORATION (4.23%) and Progress Bank and Trust (4.29%).
TUSCALOOSA, 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 |
|---|---|---|---|---|
| First Federal Bank, A FSB | $272,815,000 | $163,485,000 | -40.1% | 11.9% |
| Regions Bank | $84,870,000 | $63,850,000 | -24.8% | 4.7% |
| MOVEMENT MORTGAGE, LLC | $26,065,000 | $57,630,000 | 121.1% | 4.2% |
| BankFirst Financial Services | $72,830,000 | $54,570,000 | -25.1% | 4.0% |
| QUICKEN LOANS, LLC | $105,535,000 | $53,535,000 | -49.3% | 3.9% |
| BancorpSouth Bank | $30,010,000 | $46,035,000 | 53.4% | 3.4% |
| Renasant Bank | $40,695,000 | $44,640,000 | 9.7% | 3.3% |
| Bryant Bank | $41,830,000 | $43,935,000 | 5.0% | 3.2% |
| DHI MORTGAGE COMPANY, LTD. | $16,205,000 | $39,190,000 | 141.8% | 2.9% |
| FirstBank | $55,210,000 | $38,725,000 | -29.9% | 2.8% |
| Alabama One Credit Union | $59,825,000 | $35,195,000 | -41.2% | 2.6% |
| Truist | $3,905,000 | $32,700,000 | 737.4% | 2.4% |
| Progress Bank and Trust | $2,050,000 | $31,665,000 | 1,444.6% | 2.3% |
| Merchants Bank of Indiana | $245,000 | $31,200,000 | 12,634.7% | 2.3% |
| JPMorgan Chase Bank | $10,145,000 | $29,075,000 | 186.6% | 2.1% |
| Synovus Bank | $34,665,000 | $24,645,000 | -28.9% | 1.8% |
| INTERLINC MORTGAGE SERVICES, LLC | $47,530,000 | $23,820,000 | -49.9% | 1.7% |
| Trustmark National Bank | $42,950,000 | $20,835,000 | -51.5% | 1.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $16,675,000 | $20,690,000 | 24.1% | 1.5% |
| SmartBank | $18,295,000 | $20,380,000 | 11.4% | 1.5% |
| SOUTHWEST FUNDING, LP | $34,420,000 | $18,300,000 | -46.8% | 1.3% |
| ALABAMA CREDIT UNION | $23,845,000 | $18,275,000 | -23.4% | 1.3% |
| CB&S Bank, Inc. | $7,795,000 | $17,820,000 | 128.6% | 1.3% |
| Wells Fargo Bank | $34,650,000 | $15,990,000 | -53.9% | 1.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $25,360,000 | $15,690,000 | -38.1% | 1.1% |
| Mortgage Research Center, LLC | $17,520,000 | $15,660,000 | -10.6% | 1.1% |
| LOANDEPOT.COM, LLC | $24,010,000 | $15,320,000 | -36.2% | 1.1% |
| West Alabama Bank & Trust | $20,810,000 | $14,975,000 | -28.0% | 1.1% |
| Capital One | $37,535,000 | $14,255,000 | -62.0% | 1.0% |
| GUILD MORTGAGE COMPANY | $3,195,000 | $13,910,000 | 335.4% | 1.0% |
| WALKER & DUNLOP, LLC | $47,530,000 | $11,375,000 | -76.1% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $22,465,000 | $10,695,000 | -52.4% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $14,215,000 | $9,680,000 | -31.9% | 0.7% |
| PNC Bank | $7,435,000 | $9,330,000 | 25.5% | 0.7% |
| U.S. Bank | $12,420,000 | $8,945,000 | -28.0% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $41,650,000 | $8,510,000 | -79.6% | 0.6% |
| Citizens Bank | $10,865,000 | $8,355,000 | -23.1% | 0.6% |
| 21ST MORTGAGE CORPORATION | $8,005,000 | $8,120,000 | 1.4% | 0.6% |
| SouthPoint Bank | $9,945,000 | $7,805,000 | -21.5% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $6,070,000 | $7,675,000 | 26.4% | 0.6% |
| CALIBER HOME LOANS, INC. | $10,580,000 | $6,960,000 | -34.2% | 0.5% |
| COREVEST AMERICAN FINANCE LENDER LLC | $10,005,000 | $6,800,000 | -32.0% | 0.5% |
| Assurance Financial Group, L.L.C. | $7,335,000 | $5,935,000 | -19.1% | 0.4% |
| TRIAD FINANCIAL SERVICES, INC. | $5,655,000 | $5,550,000 | -1.9% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $11,310,000 | $5,420,000 | -52.1% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $5,040,000 | $5,355,000 | 6.3% | 0.4% |
| Hometown Lenders, Inc. | $9,020,000 | $5,145,000 | -43.0% | 0.4% |
| Consumer First Mortgage, Inc. | $10,515,000 | $4,765,000 | -54.7% | 0.3% |
| Stifel Bank and Trust | $1,400,000 | $4,525,000 | 223.2% | 0.3% |
| HOME POINT FINANCIAL CORPORATION | $11,420,000 | $4,255,000 | -62.7% | 0.3% |
| Morgan Stanley Private Bank | $2,035,000 | $4,130,000 | 102.9% | 0.3% |
| Carrington Mortgage Services, LLC | $7,495,000 | $3,955,000 | -47.2% | 0.3% |
| TJC Mortgage, Inc. | $44,535,000 | $3,860,000 | -91.3% | 0.3% |
| BROKER SOLUTIONS, INC. | $4,025,000 | $3,820,000 | -5.1% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $5,745,000 | $3,640,000 | -36.6% | 0.3% |
| APCO EMPLOYEES | $2,410,000 | $3,560,000 | 47.7% | 0.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $4,880,000 | $3,540,000 | -27.5% | 0.3% |
| Prosperity Home Mortgage, LLC | $6,615,000 | $3,535,000 | -46.6% | 0.3% |
| BANK OF LITTLE ROCK MORTGAGE CORPORATION | $3,395,000 | n/a | 0.2% | |
| NEW DAY FINANCIAL, LLC | $4,065,000 | $3,310,000 | -18.6% | 0.2% |
| Guaranty Bank and Trust Company | $135,000 | $3,225,000 | 2,288.9% | 0.2% |
| Central State Bank | $580,000 | $3,135,000 | 440.5% | 0.2% |
| Citibank | $885,000 | $3,065,000 | 246.3% | 0.2% |
| Northpointe Bank | $5,970,000 | $3,055,000 | -48.8% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $4,460,000 | $2,915,000 | -34.6% | 0.2% |
| AMERICA'S FIRST | $2,755,000 | $2,900,000 | 5.3% | 0.2% |
| ServisFirst Bank | $3,420,000 | $2,780,000 | -18.7% | 0.2% |
| USAA Federal Savings Bank | $5,795,000 | $2,675,000 | -53.8% | 0.2% |
| NEWREZ LLC | $7,735,000 | $2,610,000 | -66.3% | 0.2% |
| The First National Bank of Middle Tennessee | $720,000 | $2,305,000 | 220.1% | 0.2% |
| SECURITYNATIONAL MORTGAGE COMPANY | $2,265,000 | $2,300,000 | 1.5% | 0.2% |
| Ally Bank | $2,755,000 | $2,175,000 | -21.1% | 0.2% |
| GMFS LLC | $8,350,000 | $2,155,000 | -74.2% | 0.2% |
| First National Bank | $175,000 | $2,105,000 | 1,102.9% | 0.2% |
| CIS Financial Services, Inc. | $2,430,000 | $2,080,000 | -14.4% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $3,090,000 | $2,045,000 | -33.8% | 0.1% |
| Community Bank of Mississippi | $2,555,000 | $2,005,000 | -21.5% | 0.1% |
| Bank of America | $7,345,000 | $1,870,000 | -74.5% | 0.1% |
| Raymond James Bank | $1,200,000 | $1,840,000 | 53.3% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $1,335,000 | $1,800,000 | 34.8% | 0.1% |
| COUNTRYPLACE MORTGAGE, LTD. | $535,000 | $1,795,000 | 235.5% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,260,000 | $1,740,000 | -23.0% | 0.1% |
| GUARANTEED RATE, INC. | $2,155,000 | $1,705,000 | -20.9% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $125,000 | $1,560,000 | 1,148.0% | 0.1% |
| EvaBank | $190,000 | $1,550,000 | 715.8% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,855,000 | $1,545,000 | -16.7% | 0.1% |
| Mutual Savings Credit Union | $1,705,000 | $1,515,000 | -11.1% | 0.1% |
| Evolve Bank & Trust | $175,000 | $1,500,000 | 757.1% | 0.1% |
| The Federal Savings Bank | $1,950,000 | $1,345,000 | -31.0% | 0.1% |
| CMG MORTGAGE, INC. | $2,055,000 | $1,330,000 | -35.3% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $4,225,000 | $1,325,000 | -68.6% | 0.1% |
| North American Savings Bank, F.S.B. | $2,605,000 | $1,270,000 | -51.2% | 0.1% |
| Arbor Realty Trust, Inc. | $2,275,000 | $1,225,000 | -46.2% | 0.1% |
| Southern States Bank | $1,215,000 | n/a | 0.1% | |
| Commercial Bank & Trust Co. | $1,205,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $1,940,000 | $1,125,000 | -42.0% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $1,560,000 | $1,085,000 | -30.4% | 0.1% |
| PHH Mortgage Corporation | $555,000 | $1,080,000 | 94.6% | 0.1% |
| Capitol Federal Savings Bank | $575,000 | $1,065,000 | 85.2% | 0.1% |
| M&T Bank | $1,065,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $965,000 | $960,000 | -0.5% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $9,020,000 | $955,000 | -89.4% | 0.1% |
| LIMA ONE CAPITAL, LLC | $115,000 | $950,000 | 726.1% | 0.1% |
| Ameris Bank | $1,700,000 | $945,000 | -44.4% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $410,000 | $930,000 | 126.8% | 0.1% |
| GUARANTY HOME MORTGAGE CORPORATION | $540,000 | $915,000 | 69.4% | 0.1% |
| River Bank & Trust | $1,325,000 | $910,000 | -31.3% | 0.1% |
| 1ST SIGNATURE LENDING, LLC | $905,000 | n/a | 0.1% | |
| BankPlus | $400,000 | $890,000 | 122.5% | 0.1% |
| First Horizon Bank | $2,445,000 | $890,000 | -63.6% | 0.1% |
| Investar Bank | $85,000 | $860,000 | 911.8% | 0.1% |
| MILEND, INC. | $705,000 | $855,000 | 21.3% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $445,000 | $850,000 | 91.0% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $300,000 | $845,000 | 181.7% | 0.1% |
| TEACHERS | $845,000 | n/a | 0.1% | |
| First South Farm Credit, ACA | $745,000 | $820,000 | 10.1% | 0.1% |
| First Southern Bank | $815,000 | n/a | 0.1% | |
| Citizens National Bank of Greater St. Louis | $800,000 | n/a | 0.1% | |
| FBC MORTGAGE, LLC | $430,000 | $785,000 | 82.6% | 0.1% |
| CSL Financial, LLC | $470,000 | $775,000 | 64.9% | 0.1% |
| MORTGAGE ACCESS CORP. | $755,000 | n/a | 0.1% | |
| FOUNDERS FEDERAL CREDIT UNION | $745,000 | n/a | 0.1% | |
| INLAND BANK & TRUST | $740,000 | n/a | 0.1% | |
| GSF Mortgage Corporation | $1,475,000 | $735,000 | -50.2% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $725,000 | n/a | 0.1% | |
| NETWORK CAPITAL FUNDING CORPORATION | $705,000 | n/a | 0.1% | |
| ACIPCO Federal Credit Union | $700,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $300,000 | $695,000 | 131.7% | 0.1% |
| ALABAMA TEACHERS | $195,000 | $685,000 | 251.3% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,565,000 | $685,000 | -56.2% | 0.1% |
| Bank of England | $2,275,000 | $660,000 | -71.0% | 0.0% |
| Mid-Continent Funding, Inc. | $550,000 | $660,000 | 20.0% | 0.0% |
| EASTMAN | $650,000 | n/a | 0.0% | |
| Listerhill Credit Union | $650,000 | n/a | 0.0% | |
| Nations Lending Corporation | $1,195,000 | $640,000 | -46.4% | 0.0% |
| Simmons Bank | $315,000 | $635,000 | 101.6% | 0.0% |
| UNION HOME MORTGAGE CORP. | $615,000 | $635,000 | 3.3% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $2,295,000 | $625,000 | -72.8% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $785,000 | $625,000 | -20.4% | 0.0% |
| BETTER MORTGAGE CORPORATION | $8,905,000 | $615,000 | -93.1% | 0.0% |
| GoPrime Mortgage, Inc. | $2,175,000 | $615,000 | -71.7% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $605,000 | n/a | 0.0% | |
| Alabama Central Credit Union | $600,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $1,655,000 | $600,000 | -63.7% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,325,000 | $600,000 | -54.7% | 0.0% |
| First US Bank | $6,710,000 | $595,000 | -91.1% | 0.0% |
| The Huntington National Bank | $85,000 | $590,000 | 594.1% | 0.0% |
| Colony Bank | $305,000 | $585,000 | 91.8% | 0.0% |
| Sunflower Bank | $580,000 | n/a | 0.0% | |
| AgFirst Farm Credit Bank | $575,000 | n/a | 0.0% | |
| Goldman Sachs Bank USA | $555,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $155,000 | $555,000 | 258.1% | 0.0% |
| South State Bank | $2,710,000 | $555,000 | -79.5% | 0.0% |
| Discover Bank | $190,000 | $550,000 | 189.5% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $550,000 | n/a | 0.0% | |
| Jefferson Credit Union | $545,000 | n/a | 0.0% | |
| Ixonia Bank | $685,000 | $540,000 | -21.2% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $535,000 | n/a | 0.0% | |
| HUNT MORTGAGE CORPORATION | $1,355,000 | $530,000 | -60.9% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $2,495,000 | $525,000 | -79.0% | 0.0% |
| ZILLOW HOME LOANS, LLC | $730,000 | $525,000 | -28.1% | 0.0% |
| AMERIFIRST FINANCIAL CORPORATION | $550,000 | $520,000 | -5.5% | 0.0% |
| AmeriHome Mortgage Company, LLC | $1,895,000 | $515,000 | -72.8% | 0.0% |
| SPRING EQ, LLC | $210,000 | $515,000 | 145.2% | 0.0% |
| NBKC BANK | $325,000 | $510,000 | 56.9% | 0.0% |
| Busey Bank | $485,000 | n/a | 0.0% | |
| BNC National Bank | $465,000 | n/a | 0.0% | |
| Eco Credit Union | $625,000 | $465,000 | -25.6% | 0.0% |
| First Bank | $410,000 | $460,000 | 12.2% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $195,000 | $435,000 | 123.1% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $95,000 | $415,000 | 336.8% | 0.0% |
| Andrew Johnson Bank | $410,000 | n/a | 0.0% | |
| PREMIA MORTGAGE, LLC | $175,000 | $405,000 | 131.4% | 0.0% |
| CERTAINTY HOME LOANS, LLC | $445,000 | $400,000 | -10.1% | 0.0% |
| Magnolia Bank | $1,905,000 | $395,000 | -79.3% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $540,000 | $395,000 | -26.9% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $1,255,000 | $390,000 | -68.9% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $450,000 | $385,000 | -14.4% | 0.0% |
| MTC Federal Credit Union | $225,000 | $385,000 | 71.1% | 0.0% |
| CHEVRON | $185,000 | $375,000 | 102.7% | 0.0% |
| Premier Bank of the South | $140,000 | $375,000 | 167.9% | 0.0% |
| EVANSVILLE TEACHERS | $2,680,000 | $370,000 | -86.2% | 0.0% |
| GENEVA FINANCIAL, LLC | $115,000 | $365,000 | 217.4% | 0.0% |
| PREMIER AMERICA | $365,000 | n/a | 0.0% | |
| Chambers Bank | $355,000 | n/a | 0.0% | |
| ISERVE RESIDENTIAL LENDING, LLC | $575,000 | $345,000 | -40.0% | 0.0% |
| UBS Bank USA | $1,365,000 | $345,000 | -74.7% | 0.0% |
| Liberty Bank | $340,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $340,000 | n/a | 0.0% | |
| PANORAMA MORTGAGE GROUP, LLC | $325,000 | n/a | 0.0% | |
| Metro City Bank | $695,000 | $320,000 | -54.0% | 0.0% |
| EMBRACE HOME LOANS, INC. | $450,000 | $315,000 | -30.0% | 0.0% |
| Financial Federal Bank | $315,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $1,220,000 | $315,000 | -74.2% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $310,000 | n/a | 0.0% | |
| EMM LOANS LLC | $145,000 | $310,000 | 113.8% | 0.0% |
| LOANPAL, LLC | $310,000 | n/a | 0.0% | |
| United Community Bank | $175,000 | $305,000 | 74.3% | 0.0% |
| Figure Lending LLC | $310,000 | $295,000 | -4.8% | 0.0% |
| Volunteer State Bank | $1,765,000 | $295,000 | -83.3% | 0.0% |
| Bank Independent | $275,000 | n/a | 0.0% | |
| Guardian Credit Union | $275,000 | n/a | 0.0% | |
| Leaders Credit Union | $275,000 | n/a | 0.0% | |
| The Citizens National Bank of Meridian | $2,505,000 | $270,000 | -89.2% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $265,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $265,000 | n/a | 0.0% | |
| The Hometown Bank of Alabama | $125,000 | $265,000 | 112.0% | 0.0% |
| First National Bank of America | $1,060,000 | $260,000 | -75.5% | 0.0% |
| GTE Federal Credit Union | $255,000 | n/a | 0.0% | |
| Landmark National Bank | $245,000 | n/a | 0.0% | |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $3,555,000 | $240,000 | -93.2% | 0.0% |
| First Federal Bank | $655,000 | $235,000 | -64.1% | 0.0% |
| Pinnacle Bank | $1,550,000 | $235,000 | -84.8% | 0.0% |
| Alcova Mortgage LLC | $230,000 | n/a | 0.0% | |
| CHERRY CREEK MORTGAGE, LLC | $750,000 | $225,000 | -70.0% | 0.0% |
| CORNERSTONE HOME LENDING, INC. | $225,000 | n/a | 0.0% | |
| DATA MORTGAGE, INC. | $225,000 | n/a | 0.0% | |
| Honor Credit Union | $225,000 | n/a | 0.0% | |
| AMERICAN ADVISORS GROUP | $315,000 | $215,000 | -31.7% | 0.0% |
| Amerifirst Financial, Inc. | $215,000 | n/a | 0.0% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $360,000 | $215,000 | -40.3% | 0.0% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $215,000 | n/a | 0.0% | |
| Semper Home Loans, Inc. | $215,000 | n/a | 0.0% | |
| UNITED MORTGAGE CORP. | $205,000 | n/a | 0.0% | |
| UNIVERSITY LENDING GROUP, LLC | $405,000 | $205,000 | -49.4% | 0.0% |
| Citizens Bank & Trust | $195,000 | n/a | 0.0% | |
| F&M Bank | $195,000 | n/a | 0.0% | |
| Legends Bank | $195,000 | n/a | 0.0% | |
| REDSTONE Federal Credit Union | $95,000 | $195,000 | 105.3% | 0.0% |
| Service Federal Credit Union | $195,000 | n/a | 0.0% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $575,000 | $195,000 | -66.1% | 0.0% |
| SWBC MORTGAGE CORPORATION | $45,000 | $195,000 | 333.3% | 0.0% |
| THE MORTGAGE FIRM, INC. | $195,000 | n/a | 0.0% | |
| LEGACY COMMUNITY FEDERAL CREDIT UNION | $380,000 | $190,000 | -50.0% | 0.0% |
| FIDELITY BANK | $185,000 | n/a | 0.0% | |
| FIRST STATE MORTGAGE SERVICES, LLC | $185,000 | n/a | 0.0% | |
| Low VA Rates, LLC | $855,000 | $185,000 | -78.4% | 0.0% |
| PLANET HOME LENDING, LLC | $1,735,000 | $185,000 | -89.3% | 0.0% |
| Austin Capital Bank SSB | $300,000 | $175,000 | -41.7% | 0.0% |
| Bank of Whittier | $175,000 | n/a | 0.0% | |
| VAN DYK MORTGAGE CORPORATION | $175,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $325,000 | $165,000 | -49.2% | 0.0% |
| Colten Mortgage, LLC | $565,000 | $165,000 | -70.8% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $165,000 | n/a | 0.0% | |
| MidFirst Bank | $160,000 | n/a | 0.0% | |
| LENDINGHOME FUNDING CORPORATION | $155,000 | n/a | 0.0% | |
| NATIONS RELIABLE LENDING, LLC | $335,000 | $155,000 | -53.7% | 0.0% |
| OCEANSIDE MORTGAGE COMPANY | $155,000 | $155,000 | 0.0% | 0.0% |
| SILVER HILL FUNDING, LLC | $155,000 | n/a | 0.0% | |
| Strong Home Mortgage, LLC | $285,000 | $155,000 | -45.6% | 0.0% |
| Secured Investment Corp. | $150,000 | n/a | 0.0% | |
| ACADEMY MORTGAGE CORPORATION | $175,000 | $145,000 | -17.1% | 0.0% |
| Arvest Bank | $145,000 | n/a | 0.0% | |
| Blue Ridge Bank | $145,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $540,000 | $145,000 | -73.1% | 0.0% |
| Liberty Mortgage Corporation | $360,000 | $145,000 | -59.7% | 0.0% |
| ALABAMA STATE EMPLOYEES CREDIT UNION | $65,000 | $140,000 | 115.4% | 0.0% |
| First Financial Bank | $1,270,000 | $140,000 | -89.0% | 0.0% |
| CANOPY MORTGAGE, LLC | $375,000 | $135,000 | -64.0% | 0.0% |
| INLANTA MORTGAGE, INC. | $215,000 | $135,000 | -37.2% | 0.0% |
| Sound Community Bank | $135,000 | n/a | 0.0% | |
| THRIVE MORTGAGE, LLC | $135,000 | n/a | 0.0% | |
| AVADIAN | $1,465,000 | $130,000 | -91.1% | 0.0% |
| Fifth Third Bank | $1,090,000 | $125,000 | -88.5% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $125,000 | $115,000 | -8.0% | 0.0% |
| MICHIGAN MUTUAL, INC. | $445,000 | $115,000 | -74.2% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $105,000 | n/a | 0.0% | |
| ATHAS CAPITAL GROUP, INC. | $230,000 | $105,000 | -54.3% | 0.0% |
| DIGITAL Federal Credit Union | $105,000 | n/a | 0.0% | |
| Guardian Savings Bank, A Federal Savings Bank | $105,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $85,000 | $105,000 | 23.5% | 0.0% |
| NobleBank & Trust | $105,000 | n/a | 0.0% | |
| Origin Bank | $105,000 | n/a | 0.0% | |
| Paragon Bank | $105,000 | n/a | 0.0% | |
| Peoples Bank | $595,000 | $105,000 | -82.4% | 0.0% |
| SOFI LENDING CORP. | $505,000 | $105,000 | -79.2% | 0.0% |
| AOD Federal Credit Union | $95,000 | n/a | 0.0% | |
| Pinnacle Bank | $1,550,000 | $95,000 | -93.9% | 0.0% |
| Cornerstone First Mortgage, Inc | $85,000 | n/a | 0.0% | |
| HOMESTAR FINANCIAL CORPORATION | $85,000 | n/a | 0.0% | |
| Warsaw Federal Savings and Loan Association | $85,000 | n/a | 0.0% | |
| Associated Credit Union | $75,000 | n/a | 0.0% | |
| Gateway First Bank | $850,000 | $75,000 | -91.2% | 0.0% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $75,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP. | $175,000 | $55,000 | -68.6% | 0.0% |
| ALL IN | $475,000 | $35,000 | -92.6% | 0.0% |
TUSCALOOSA's top lender by overall market share is First Federal Bank, A FSB, with 11.9% market share. In second place, with 4.7%, is Regions Bank, having originated $63,850,000 in loans. In third place, with 4.2%, is MOVEMENT MORTGAGE, LLC, having originated $57,630,000 in loans. In fourth place, with 4.0%, is BankFirst Financial Services, having originated $54,570,000 in loans. In fifth place, with 3.9%, is QUICKEN LOANS, LLC, having originated $53,535,000 in loans.
TUSCALOOSA Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - TUSCALOOSA (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 | $189,900 (8.5%) | $276,399 (12.3%) | 0.70 | 840 |
| 2018-02-01 | $190,445 (9.7%) | $279,004 (13.3%) | 0.69 | 867 |
| 2018-03-01 | $197,750 (13.1%) | $281,184 (10.5%) | 0.69 | 874 |
| 2018-04-01 | $199,900 (8.1%) | $286,192 (9.0%) | 0.68 | 877 |
| 2018-05-01 | $199,900 (5.4%) | $284,496 (7.9%) | 0.67 | 856 |
| 2018-06-01 | $204,925 (7.9%) | $291,475 (8.2%) | 0.68 | 861 |
| 2018-07-01 | $214,900 (13.2%) | $298,124 (10.7%) | 0.72 | 900 |
| 2018-08-01 | $211,950 (9.7%) | $299,819 (7.7%) | 0.71 | 891 |
| 2018-09-01 | $214,850 (13.1%) | $313,706 (11.7%) | 0.72 | 901 |
| 2018-10-01 | $209,900 (10.8%) | $310,932 (12.9%) | 0.71 | 922 |
| 2018-11-01 | $209,900 (11.8%) | $306,985 (10.6%) | 0.71 | 908 |
| 2018-12-01 | $207,900 (12.4%) | $308,852 (13.1%) | 0.72 | 885 |
| 2019-01-01 | $209,900 (10.5%) | $312,591 (13.1%) | 0.73 | 866 |
| 2019-02-01 | $211,686 (11.2%) | $319,251 (14.4%) | 0.72 | 872 |
| 2019-03-01 | $214,900 (8.7%) | $323,823 (15.2%) | 0.72 | 834 |
| 2019-04-01 | $226,425 (13.3%) | $330,123 (15.4%) | 0.72 | 825 |
| 2019-05-01 | $239,450 (19.8%) | $338,174 (18.9%) | 0.75 | 846 |
| 2019-06-01 | $235,000 (14.7%) | $337,201 (15.7%) | 0.73 | 866 |
| 2019-07-01 | $238,825 (11.1%) | $350,200 (17.5%) | 0.75 | 885 |
| 2019-08-01 | $243,900 (15.1%) | $368,272 (22.8%) | 0.76 | 847 |
| 2019-09-01 | $234,900 (9.3%) | $360,443 (14.9%) | 0.74 | 857 |
| 2019-10-01 | $234,750 (11.8%) | $350,935 (12.9%) | 0.76 | 919 |
| 2019-11-01 | $229,900 (9.5%) | $343,703 (12.0%) | 0.75 | 892 |
| 2019-12-01 | $224,198 (7.8%) | $341,041 (10.4%) | 0.75 | 886 |
| 2020-01-01 | $224,500 (7.0%) | $344,929 (10.4%) | 0.75 | 822 |
| 2020-02-01 | $236,148 (11.6%) | $344,244 (7.8%) | 0.77 | 789 |
| 2020-03-01 | $240,000 (11.7%) | $349,573 (8.0%) | 0.75 | 762 |
| 2020-04-01 | $245,800 (8.6%) | $356,190 (7.9%) | 0.77 | 759 |
| 2020-05-01 | $240,398 (0.4%) | $343,242 (1.5%) | 0.73 | 724 |
| 2020-06-01 | $245,100 (4.3%) | $350,526 (4.0%) | 0.72 | 682 |
| 2020-07-01 | $249,900 (4.6%) | $351,893 (0.5%) | 0.72 | 683 |
| 2020-08-01 | $249,900 (2.5%) | $345,634 (-6.2%) | 0.72 | 682 |
| 2020-09-01 | $249,975 (6.4%) | $350,550 (-2.7%) | 0.72 | 660 |
| 2020-10-01 | $249,900 (6.5%) | $345,873 (-1.4%) | 0.72 | 689 |
| 2020-11-01 | $249,900 (8.7%) | $351,902 (2.4%) | 0.73 | 652 |
| 2020-12-01 | $249,950 (11.5%) | $355,035 (4.1%) | 0.74 | 595 |
| 2021-01-01 | $248,250 (10.6%) | $352,857 (2.3%) | 0.74 | 547 |
| 2021-02-01 | $251,450 (6.5%) | $353,639 (2.7%) | 0.73 | 549 |
| 2021-03-01 | $267,250 (11.4%) | $351,165 (0.5%) | 0.76 | 535 |
| 2021-04-01 | $276,500 (12.5%) | $376,846 (5.8%) | 0.75 | 465 |
| 2021-05-01 | $274,900 (14.4%) | $384,254 (12.0%) | 0.73 | 417 |
| 2021-06-01 | $277,400 (13.2%) | $387,927 (10.7%) | 0.73 | 435 |
| 2021-07-01 | $269,900 (8.0%) | $378,035 (7.4%) | 0.71 | 475 |
| 2021-08-01 | $265,748 (6.3%) | $380,340 (10.0%) | 0.71 | 460 |
| 2021-09-01 | $264,950 (6.0%) | $383,384 (9.4%) | 0.71 | 463 |
| 2021-10-01 | $249,900 (0.0%) | $378,808 (9.5%) | 0.67 | 449 |
| 2021-11-01 | $258,524 (3.5%) | $378,062 (7.4%) | 0.69 | 432 |
| 2021-12-01 | $263,950 (5.6%) | $369,505 (4.1%) | 0.72 | 424 |
| 2022-01-01 | $249,900 (0.7%) | $361,679 (2.5%) | 0.68 | 344 |
| 2022-02-01 | $257,750 (2.5%) | $373,805 (5.7%) | 0.67 | 357 |
| 2022-03-01 | $278,238 (4.1%) | $370,899 (5.6%) | 0.70 | 351 |
| 2022-04-01 | $299,900 (8.5%) | $382,512 (1.5%) | 0.71 | 341 |
| 2022-05-01 | $299,900 (9.1%) | $380,135 (-1.1%) | 0.69 | 410 |
| 2022-06-01 | $304,900 (9.9%) | $377,401 (-2.7%) | 0.68 | 499 |
| 2022-07-01 | $310,000 (14.9%) | $384,511 (1.7%) | 0.70 | 596 |
| 2022-08-01 | $308,800 (16.2%) | $387,264 (1.8%) | 0.71 | 570 |
| 2022-09-01 | $304,198 (14.8%) | $383,962 (0.2%) | 0.71 | 565 |
| 2022-10-01 | $304,900 (22.0%) | $388,113 (2.5%) | 0.72 | 513 |
| 2022-11-01 | $292,401 (13.1%) | $379,391 (0.4%) | 0.70 | 526 |
| 2022-12-01 | $288,698 (9.4%) | $380,698 (3.0%) | 0.71 | 504 |
| 2023-01-01 | $286,698 (14.7%) | $384,014 (6.2%) | 0.71 | 514 |
| 2023-02-01 | $286,520 (11.2%) | $393,788 (5.4%) | 0.69 | 526 |
| 2023-03-01 | $293,950 (5.7%) | $396,889 (7.0%) | 0.69 | 507 |
| 2023-04-01 | $299,000 (-0.3%) | $421,759 (10.3%) | 0.70 | 495 |
TUSCALOOSA's median listing price for 2023-04-01 was $299,000, a difference of
$-900
(-0.3%) versus the prior year and
$5,050 versus the prior month.
TUSCALOOSA's median listing price comes in at 70% of the national average.
TUSCALOOSA's average listing price for 2023-04-01 was $421,759, a difference of $39,247 (10.3%) versus the prior year and $24,870 versus the prior month.
For the 2023-04-01 period, TUSCALOOSA had 495 MLS listings, a difference of -12 listings (-2%) versus the prior month and 154 listings (45%) versus the prior year.
TUSCALOOSA's median listing price comes in at 70% of the national average.
TUSCALOOSA's average listing price for 2023-04-01 was $421,759, a difference of $39,247 (10.3%) versus the prior year and $24,870 versus the prior month.
For the 2023-04-01 period, TUSCALOOSA had 495 MLS listings, a difference of -12 listings (-2%) versus the prior month and 154 listings (45%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - TUSCALOOSA (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 100 days | 1,769 sqft |
| 2018-02-01 | 96 days | 1,771 sqft |
| 2018-03-01 | 70 days | 1,761 sqft |
| 2018-04-01 | 66 days | 1,770 sqft |
| 2018-05-01 | 68 days | 1,767 sqft |
| 2018-06-01 | 73 days | 1,762 sqft |
| 2018-07-01 | 78 days | 1,814 sqft |
| 2018-08-01 | 76 days | 1,790 sqft |
| 2018-09-01 | 75 days | 1,774 sqft |
| 2018-10-01 | 80 days | 1,752 sqft |
| 2018-11-01 | 83 days | 1,741 sqft |
| 2018-12-01 | 96 days | 1,728 sqft |
| 2019-01-01 | 105 days | 1,724 sqft |
| 2019-02-01 | 100 days | 1,719 sqft |
| 2019-03-01 | 72 days | 1,760 sqft |
| 2019-04-01 | 71 days | 1,779 sqft |
| 2019-05-01 | 69 days | 1,822 sqft |
| 2019-06-01 | 67 days | 1,800 sqft |
| 2019-07-01 | 72 days | 1,852 sqft |
| 2019-08-01 | 80 days | 1,882 sqft |
| 2019-09-01 | 79 days | 1,814 sqft |
| 2019-10-01 | 73 days | 1,803 sqft |
| 2019-11-01 | 81 days | 1,804 sqft |
| 2019-12-01 | 99 days | 1,801 sqft |
| 2020-01-01 | 101 days | 1,780 sqft |
| 2020-02-01 | 93 days | 1,774 sqft |
| 2020-03-01 | 74 days | 1,786 sqft |
| 2020-04-01 | 79 days | 1,801 sqft |
| 2020-05-01 | 81 days | 1,774 sqft |
| 2020-06-01 | 81 days | 1,799 sqft |
| 2020-07-01 | 70 days | 1,798 sqft |
| 2020-08-01 | 64 days | 1,763 sqft |
| 2020-09-01 | 79 days | 1,798 sqft |
| 2020-10-01 | 87 days | 1,750 sqft |
| 2020-11-01 | 88 days | 1,747 sqft |
| 2020-12-01 | 93 days | 1,720 sqft |
| 2021-01-01 | 81 days | 1,632 sqft |
| 2021-02-01 | 55 days | 1,596 sqft |
| 2021-03-01 | 53 days | 1,611 sqft |
| 2021-04-01 | 63 days | 1,599 sqft |
| 2021-05-01 | 64 days | 1,642 sqft |
| 2021-06-01 | 53 days | 1,643 sqft |
| 2021-07-01 | 50 days | 1,744 sqft |
| 2021-08-01 | 50 days | 1,793 sqft |
| 2021-09-01 | 53 days | 1,799 sqft |
| 2021-10-01 | 59 days | 1,800 sqft |
| 2021-11-01 | 66 days | 1,822 sqft |
| 2021-12-01 | 62 days | 1,778 sqft |
| 2022-01-01 | 71 days | 1,708 sqft |
| 2022-02-01 | 56 days | 1,727 sqft |
| 2022-03-01 | 42 days | 1,775 sqft |
| 2022-04-01 | 43 days | 1,882 sqft |
| 2022-05-01 | 38 days | 1,919 sqft |
| 2022-06-01 | 36 days | 1,987 sqft |
| 2022-07-01 | 40 days | 2,039 sqft |
| 2022-08-01 | 53 days | 2,057 sqft |
| 2022-09-01 | 63 days | 2,055 sqft |
| 2022-10-01 | 71 days | 2,056 sqft |
| 2022-11-01 | 67 days | 1,994 sqft |
| 2022-12-01 | 70 days | 1,969 sqft |
| 2023-01-01 | 71 days | 1,876 sqft |
| 2023-02-01 | 61 days | 1,835 sqft |
| 2023-03-01 | 57 days | 1,886 sqft |
| 2023-04-01 | 57 days | 1,913 sqft |
TUSCALOOSA's median listing age (time on market) for 2023-04-01 was 57 days.
This
is 33%
longer
than the same period one year ago.
TUSCALOOSA's median square footage for active listings during the 2023-04-01 period was 1,913 sqft. One year prior, the average listing was 1,882 sqft.
TUSCALOOSA's median square footage for active listings during the 2023-04-01 period was 1,913 sqft. One year prior, the average listing was 1,882 sqft.
TUSCALOOSA, AL Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 35006 | Tuscaloosa, AL | $740 | $790 | $910 | $1,180 | $1,270 |
| 35111 | Tuscaloosa, AL | $740 | $790 | $910 | $1,180 | $1,270 |
| 35184 | Tuscaloosa, AL | $740 | $790 | $910 | $1,180 | $1,270 |
| 35188 | Tuscaloosa, AL | $740 | $790 | $910 | $1,180 | $1,270 |
| 35401 | Tuscaloosa, AL | $720 | $720 | $880 | $1,100 | $1,190 |
| 35402 | Tuscaloosa, AL | $760 | $760 | $930 | $1,170 | $1,260 |
| 35403 | Tuscaloosa, AL | $760 | $760 | $930 | $1,170 | $1,260 |
| 35404 | Tuscaloosa, AL | $790 | $800 | $970 | $1,220 | $1,320 |
| 35405 | Tuscaloosa, AL | $780 | $790 | $960 | $1,200 | $1,300 |
| 35406 | Tuscaloosa, AL | $880 | $890 | $1,080 | $1,350 | $1,460 |
| 35407 | Tuscaloosa, AL | $760 | $760 | $930 | $1,170 | $1,260 |
| 35441 | Tuscaloosa, AL | $630 | $630 | $760 | $960 | $1,030 |
| 35444 | Tuscaloosa, AL | $740 | $790 | $910 | $1,180 | $1,270 |
| 35446 | Tuscaloosa, AL | $770 | $770 | $940 | $1,180 | $1,270 |
| 35449 | Tuscaloosa, AL | $760 | $760 | $930 | $1,170 | $1,260 |
| 35452 | Tuscaloosa, AL | $750 | $760 | $920 | $1,150 | $1,250 |
| 35453 | Tuscaloosa, AL | $710 | $720 | $870 | $1,090 | $1,180 |
| 35456 | Tuscaloosa, AL | $750 | $790 | $920 | $1,180 | $1,270 |
| 35457 | Tuscaloosa, AL | $760 | $760 | $930 | $1,170 | $1,260 |
| 35458 | Tuscaloosa, AL | $650 | $650 | $820 | $1,050 | $1,110 |
| 35463 | Tuscaloosa, AL | $730 | $730 | $890 | $1,120 | $1,210 |
| 35466 | Tuscaloosa, AL | $630 | $630 | $760 | $960 | $1,030 |
| 35469 | Tuscaloosa, AL | $630 | $630 | $770 | $960 | $1,050 |
| 35473 | Tuscaloosa, AL | $780 | $790 | $960 | $1,200 | $1,300 |
| 35474 | Tuscaloosa, AL | $700 | $710 | $860 | $1,080 | $1,170 |
| 35475 | Tuscaloosa, AL | $720 | $720 | $880 | $1,100 | $1,190 |
| 35476 | Tuscaloosa, AL | $700 | $710 | $860 | $1,080 | $1,170 |
| 35480 | Tuscaloosa, AL | $630 | $630 | $780 | $980 | $1,050 |
| 35486 | Tuscaloosa, AL | $760 | $760 | $930 | $1,170 | $1,260 |
| 35490 | Tuscaloosa, AL | $880 | $890 | $1,080 | $1,350 | $1,460 |
| 35546 | Tuscaloosa, AL | $680 | $680 | $830 | $1,040 | $1,120 |
| 35555 | Tuscaloosa, AL | $630 | $630 | $760 | $960 | $1,030 |
| 35574 | Tuscaloosa, AL | $630 | $630 | $760 | $960 | $1,030 |
| 35579 | Tuscaloosa, AL | $630 | $630 | $760 | $960 | $1,030 |
| 36738 | Tuscaloosa, AL | $630 | $630 | $760 | $960 | $1,030 |
| 36742 | Tuscaloosa, AL | $630 | $630 | $760 | $960 | $1,030 |
| 36744 | Tuscaloosa, AL | $630 | $630 | $760 | $960 | $1,030 |
| 36756 | Tuscaloosa, AL | $630 | $630 | $760 | $960 | $1,030 |
| 36765 | Tuscaloosa, AL | $880 | $890 | $1,080 | $1,350 | $1,460 |
| 36776 | Tuscaloosa, AL | $630 | $630 | $760 | $960 | $1,030 |
| 36786 | Tuscaloosa, AL | $630 | $630 | $760 | $960 | $1,030 |
2022 Average & Median Rent Data Statistics
TUSCALOOSA, AL average 1BR rent: $725, median: $730
TUSCALOOSA, AL average 2BR rent: $874, median: $890
TUSCALOOSA, AL average 3BR rent: $1,104, median: $1,120
TUSCALOOSA, AL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,395 | $960,605,000 | $282,947 |
| Cash Out Refi | 812 | $164,700,000 | $202,833 |
| Refi | 747 | $183,085,000 | $245,094 |
| Other | 349 | $34,515,000 | $98,897 |
| Home Improvement | 203 | $26,025,000 | $128,202 |
Tuscaloosa's most frequently cited loan purpose was Home Purchase, with 3,395 originations. The 2nd most popular reason was Cash Out Refi, with 812 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1,372 | $340,790,000 | $248,389 |
| 5-6% | 1,311 | $300,125,000 | $228,928 |
| 3-4% | 1,258 | $342,100,000 | $271,940 |
| 6-7% | 646 | $143,480,000 | $222,105 |
| 2.5-3% | 316 | $127,320,000 | $402,911 |
| 7-8% | 214 | $37,430,000 | $174,907 |
| Over 8% | 169 | $14,645,000 | $86,657 |
| <2.5% | 98 | $17,540,000 | $178,980 |
During 2022, Tuscaloosa's most frequently originated rate bucket was 4-5%, with 1,372 originations.
Loan Sizing (TUSCALOOSA, AL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,051 | $558,465,000 | $272,289 |
| $100k-200k | 1,906 | $287,980,000 | $151,091 |
| $100,000 or less | 1,034 | $59,260,000 | $57,311 |
| $400k-600k | 347 | $164,565,000 | $474,251 |
| $600k-1000k | 114 | $79,820,000 | $700,175 |
| $Over $1MM | 54 | $218,840,000 | $4,052,593 |
TUSCALOOSA's loan sizing saw the bucket of loans from $200k-400k with 2,051 originations, totaling $558,465,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,559 | $638,035,000 | $249,330 |
| 60-80% | 1,361 | $374,505,000 | $275,169 |
| 40-60% | 412 | $174,150,000 | $422,694 |
| Under 20% | 399 | $23,855,000 | $59,787 |
| 20-40% | 320 | $45,500,000 | $142,188 |
| Over 100% | 90 | $41,400,000 | $460,000 |
TUSCALOOSA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,559 originations, totaling $638,035,000 in origination value.