TUSCALOOSA Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Tuscaloosa averaged
7%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.93% and
one month ago for the week of 2025-05-15, the
average rate was 7.1%.
Tuscaloosa's average rate one year ago was 6.94%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.4%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Tuscaloosa 30 Year Fixed Rate | 2025-06-18 | 7% |
| Tuscaloosa 30 Year Fixed Rate Refi | 2025-06-18 | 7.4% |
| Tuscaloosa 15 Year Fixed Rate | 2025-06-18 | 6.06% |
| Tuscaloosa 15 Year Fixed Rate Refi | 2025-06-18 | 6.56% |
| Tuscaloosa 30 Year FHA | 2025-06-18 | -0.56% |
| Tuscaloosa 30 Year FHA Refi | 2025-06-18 | 0.2% |
| Tuscaloosa 30 Year USDA | 2025-06-18 | -0.61% |
| Tuscaloosa 30 Year USDA Refi | 2025-06-18 | -0.1% |
| Tuscaloosa 30 Year VA | 2025-06-18 | -0.1% |
| Tuscaloosa 30 Year VA Refi | 2025-06-18 | -0.51% |
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 142 lenders originated 4,298
loans during 2024. The total origination value was $1,048,690,000, with an average loan value of
$243,995.
TUSCALOOSA's average closing costs are $5,032.
The top TUSCALOOSA lender as defined by loan originations is First Federal Bank, A FSB, with
303 loans originated. Their average total fees are
$5,749, which is $252
higher than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee TUSCALOOSA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($2,262), ALABAMA CREDIT UNION ($2,762), NAVY FEDERAL CREDIT UNION ($3,959), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,962) and JPMorgan Chase Bank ($4,156).
The lowest rate TUSCALOOSA lenders (with over 10 loans originated) are
ALABAMA CREDIT UNION (5.76%), DHI MORTGAGE COMPANY, LTD. (5.80%), JPMorgan Chase Bank (6.23%), Bryant Bank (6.50%) and United Community Bank (6.53%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| First Federal Bank, A FSB | $128,410,000 | $164,390,000 | 28.0% | 15.7% |
| BankFirst Financial Services | $53,765,000 | $81,505,000 | 51.6% | 7.8% |
| SmartBank | $9,170,000 | $48,710,000 | 431.2% | 4.6% |
| MOVEMENT MORTGAGE, LLC | $47,605,000 | $47,385,000 | -0.5% | 4.5% |
| BancorpSouth | $28,530,000 | $45,945,000 | 61.0% | 4.4% |
| Regions Bank | $47,205,000 | $43,870,000 | -7.1% | 4.2% |
| DHI MORTGAGE COMPANY, LTD. | $26,965,000 | $38,495,000 | 42.8% | 3.7% |
| QUICKEN LOANS, LLC | $29,445,000 | $34,205,000 | 16.2% | 3.3% |
| Bryant Bank | $35,250,000 | $33,305,000 | -5.5% | 3.2% |
| Alabama One Credit Union | $21,245,000 | $25,210,000 | 18.7% | 2.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $13,770,000 | $25,035,000 | 81.8% | 2.4% |
| United Community Bank | $14,410,000 | $24,580,000 | 70.6% | 2.3% |
| MORIA DEVELOPMENT, INC. | $1,230,000 | $17,135,000 | 1,293.1% | 1.6% |
| Renasant Bank | $30,630,000 | $16,785,000 | -45.2% | 1.6% |
| Mortgage Research Center, LLC | $8,510,000 | $12,600,000 | 48.1% | 1.2% |
| FREEDOM MORTGAGE CORPORATION | $4,860,000 | $11,015,000 | 126.6% | 1.1% |
| COREVEST AMERICAN FINANCE LENDER LLC | $10,715,000 | n/a | 1.0% | |
| West Alabama Bank & Trust | $9,835,000 | $10,410,000 | 5.8% | 1.0% |
| ALABAMA CREDIT UNION | $9,090,000 | $9,575,000 | 5.3% | 0.9% |
| Trustmark National Bank | $10,545,000 | $9,300,000 | -11.8% | 0.9% |
| RELIANCE FIRST CAPITAL, LLC | $5,865,000 | $9,070,000 | 54.6% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $5,260,000 | $8,365,000 | 59.0% | 0.8% |
| Synovus Bank | $12,035,000 | $8,335,000 | -30.7% | 0.8% |
| STOCKTON MORTGAGE CORPORATION | $1,640,000 | $7,885,000 | 380.8% | 0.8% |
| 21ST MORTGAGE CORPORATION | $5,940,000 | $7,530,000 | 26.8% | 0.7% |
| SOUTHWEST FUNDING, LP | $6,645,000 | n/a | 0.6% | |
| JPMorgan Chase Bank | $4,440,000 | $6,410,000 | 44.4% | 0.6% |
| CB&S Bank, Inc. | $15,195,000 | $6,235,000 | -59.0% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $4,510,000 | $6,205,000 | 37.6% | 0.6% |
| First Bank of Alabama | $5,935,000 | n/a | 0.6% | |
| First US Bank | $45,000 | $5,865,000 | 12,933.3% | 0.6% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $6,745,000 | $5,845,000 | -13.3% | 0.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $10,075,000 | $5,375,000 | -46.7% | 0.5% |
| GUILD MORTGAGE COMPANY | $7,825,000 | $5,290,000 | -32.4% | 0.5% |
| UNION HOME MORTGAGE CORP. | $3,930,000 | $5,245,000 | 33.5% | 0.5% |
| South State Bank | $2,675,000 | $4,955,000 | 85.2% | 0.5% |
| TRIAD FINANCIAL SERVICES, INC. | $3,000,000 | $4,810,000 | 60.3% | 0.5% |
| Morgan Stanley Private Bank | $8,385,000 | $4,805,000 | -42.7% | 0.5% |
| FirstBank | $23,220,000 | $4,750,000 | -79.5% | 0.5% |
| Wells Fargo Bank | $8,550,000 | $4,630,000 | -45.8% | 0.4% |
| ServisFirst Bank | $3,430,000 | $4,625,000 | 34.8% | 0.4% |
| SouthPoint Bank | $3,130,000 | $4,565,000 | 45.8% | 0.4% |
| First Horizon Bank | $2,825,000 | $4,455,000 | 57.7% | 0.4% |
| GUARANTEED RATE, INC. | $1,635,000 | $4,410,000 | 169.7% | 0.4% |
| PNC Bank | $6,025,000 | $4,120,000 | -31.6% | 0.4% |
| USAA Federal Savings Bank | $1,085,000 | $4,095,000 | 277.4% | 0.4% |
| VILLAGE CAPITAL MORTGAGE | $900,000 | $3,930,000 | 336.7% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,805,000 | $3,245,000 | 79.8% | 0.3% |
| Robertson Banking Company | $11,045,000 | $3,220,000 | -70.8% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,700,000 | $3,195,000 | -13.6% | 0.3% |
| Bank of America | $685,000 | $3,085,000 | 350.4% | 0.3% |
| NEWREZ LLC | $2,580,000 | $3,045,000 | 18.0% | 0.3% |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,675,000 | $2,805,000 | 67.5% | 0.3% |
| GMFS LLC | $1,800,000 | $2,735,000 | 51.9% | 0.3% |
| LOANDEPOT.COM, LLC | $3,970,000 | $2,715,000 | -31.6% | 0.3% |
| Assurance Financial Group, L.L.C. | $6,255,000 | $2,690,000 | -57.0% | 0.3% |
| Flagstar Bank, FSB | $1,205,000 | $2,690,000 | 123.2% | 0.3% |
| NEW DAY FINANCIAL, LLC | $1,270,000 | $2,645,000 | 108.3% | 0.3% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $2,330,000 | $2,585,000 | 10.9% | 0.2% |
| Citizens Bank | $3,660,000 | $2,580,000 | -29.5% | 0.2% |
| CMG MORTGAGE, INC. | $1,970,000 | $2,505,000 | 27.2% | 0.2% |
| BROKER SOLUTIONS, INC. | $1,605,000 | $2,475,000 | 54.2% | 0.2% |
| Consumer First Mortgage, Inc. | $2,385,000 | $2,420,000 | 1.5% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $930,000 | $2,355,000 | 153.2% | 0.2% |
| U.S. Bank | $5,445,000 | $2,320,000 | -57.4% | 0.2% |
| Prosperity Home Mortgage, LLC | $3,305,000 | $2,290,000 | -30.7% | 0.2% |
| CARDINAL FINANCIAL | $2,170,000 | n/a | 0.2% | |
| AVADIAN | $1,000,000 | $2,045,000 | 104.5% | 0.2% |
| The Loan Store, Inc. | $430,000 | $1,955,000 | 354.7% | 0.2% |
| PEOPLES BANK OF GREENSBORO | $1,960,000 | $1,855,000 | -5.4% | 0.2% |
| AMERICA'S FIRST | $2,700,000 | $1,850,000 | -31.5% | 0.2% |
| TJC Mortgage, Inc. | $2,385,000 | $1,825,000 | -23.5% | 0.2% |
| Carrington Mortgage Services, LLC | $1,165,000 | $1,725,000 | 48.1% | 0.2% |
| Discover Bank | $1,120,000 | $1,665,000 | 48.7% | 0.2% |
| Truist | $3,065,000 | $1,650,000 | -46.2% | 0.2% |
| AMERICAN FINANCIAL RESOURCES, INC. | $2,255,000 | $1,610,000 | -28.6% | 0.2% |
| BMO Harris Bank | $1,210,000 | $1,575,000 | 30.2% | 0.2% |
| UBS Bank USA | $145,000 | $1,520,000 | 948.3% | 0.1% |
| PLANET HOME LENDING, LLC | $710,000 | $1,490,000 | 109.9% | 0.1% |
| MORTGAGE ACCESS CORP. | $445,000 | $1,485,000 | 233.7% | 0.1% |
| MORTGAGE INVESTORS GROUP, INC. | $1,465,000 | n/a | 0.1% | |
| First South Farm Credit, ACA | $1,460,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $1,750,000 | $1,455,000 | -16.9% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $815,000 | $1,450,000 | 77.9% | 0.1% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $1,230,000 | $1,410,000 | 14.6% | 0.1% |
| Community Bank of Mississippi | $1,475,000 | $1,400,000 | -5.1% | 0.1% |
| LAND HOME FINANCIAL SERVICES, INC. | $1,385,000 | n/a | 0.1% | |
| TOWNE MORTGAGE COMPANY | $415,000 | $1,330,000 | 220.5% | 0.1% |
| EVERETT FINANCIAL, INC. | $385,000 | $1,305,000 | 239.0% | 0.1% |
| AMWEST FUNDING CORP. | $850,000 | $1,255,000 | 47.6% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $320,000 | $1,140,000 | 256.3% | 0.1% |
| NBKC BANK | $775,000 | $1,125,000 | 45.2% | 0.1% |
| The Federal Savings Bank | $235,000 | $1,030,000 | 338.3% | 0.1% |
| Citibank | $1,310,000 | $1,005,000 | -23.3% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $1,235,000 | $995,000 | -19.4% | 0.1% |
| Victorian Finance, LLC | $990,000 | n/a | 0.1% | |
| Figure Lending LLC | $630,000 | $980,000 | 55.6% | 0.1% |
| NFM, INC. | $275,000 | $980,000 | 256.4% | 0.1% |
| FIRST COLONY MORTGAGE CORPORATION | $970,000 | n/a | 0.1% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $970,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $65,000 | $965,000 | 1,384.6% | 0.1% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $400,000 | $960,000 | 140.0% | 0.1% |
| Hancock Whitney Bank | $945,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $575,000 | $945,000 | 64.3% | 0.1% |
| Ameris Bank | $235,000 | $935,000 | 297.9% | 0.1% |
| MILEND, INC. | $905,000 | $915,000 | 1.1% | 0.1% |
| BAYSHORE MORTGAGE FUNDING, LLC | $150,000 | $890,000 | 493.3% | 0.1% |
| M&T Bank | $410,000 | $885,000 | 115.9% | 0.1% |
| BETTER MORTGAGE CORPORATION | $795,000 | $880,000 | 10.7% | 0.1% |
| CSL Financial, LLC | $210,000 | $880,000 | 319.0% | 0.1% |
| Merchants Bank of Indiana | $705,000 | $860,000 | 22.0% | 0.1% |
| University Bank | $305,000 | $845,000 | 177.0% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $810,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $300,000 | $810,000 | 170.0% | 0.1% |
| Citadel Servicing Corporation | $155,000 | $800,000 | 416.1% | 0.1% |
| Arvest Bank | $795,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $95,000 | $760,000 | 700.0% | 0.1% |
| Stifel Bank and Trust | $1,305,000 | $750,000 | -42.5% | 0.1% |
| SOUTHEAST MORTGAGE OF GEORGIA, INC. | $740,000 | n/a | 0.1% | |
| City National Bank of Florida | $715,000 | n/a | 0.1% | |
| Waterstone Mortgage Corporation | $205,000 | $715,000 | 248.8% | 0.1% |
| BankSouth | $705,000 | n/a | 0.1% | |
| ALLIED MORTGAGE GROUP, INC. | $695,000 | n/a | 0.1% | |
| FIRST COMMUNITY MORTGAGE, INC. | $635,000 | $695,000 | 9.4% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $445,000 | $675,000 | 51.7% | 0.1% |
| CLEARPATH LENDING | $670,000 | n/a | 0.1% | |
| Merchants & Marine Bank | $655,000 | n/a | 0.1% | |
| Premier Bank of the South | $715,000 | $630,000 | -11.9% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $620,000 | n/a | 0.1% | |
| Raymond James Bank | $2,855,000 | $610,000 | -78.6% | 0.1% |
| Bank Independent | $75,000 | $600,000 | 700.0% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,300,000 | $595,000 | -54.2% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $590,000 | n/a | 0.1% | |
| Metro City Bank | $585,000 | n/a | 0.1% | |
| RF Renovo Management Company, LLC | $585,000 | n/a | 0.1% | |
| Princeton Mortgage Corporation | $885,000 | $575,000 | -35.0% | 0.1% |
| Listerhill Credit Union | $520,000 | $570,000 | 9.6% | 0.1% |
| FBC MORTGAGE, LLC | $1,310,000 | $565,000 | -56.9% | 0.1% |
| ACOPIA, LLC | $560,000 | n/a | 0.1% | |
| BankPlus | $55,000 | $555,000 | 909.1% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $760,000 | $540,000 | -28.9% | 0.1% |
| Commerce Bank | $535,000 | n/a | 0.1% | |
| Secured Investment Corp. | $240,000 | $530,000 | 120.8% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $165,000 | $525,000 | 218.2% | 0.1% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $515,000 | n/a | 0.0% | |
| ACIPCO Federal Credit Union | $510,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $6,780,000 | $500,000 | -92.6% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $540,000 | $495,000 | -8.3% | 0.0% |
| MICHIGAN MUTUAL, INC. | $495,000 | n/a | 0.0% | |
| Towne Bank | $465,000 | $485,000 | 4.3% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $595,000 | $460,000 | -22.7% | 0.0% |
| CIS Financial Services, Inc. | $3,815,000 | $460,000 | -87.9% | 0.0% |
| REDSTONE Federal Credit Union | $405,000 | $460,000 | 13.6% | 0.0% |
| Armed Forces Bank | $365,000 | $455,000 | 24.7% | 0.0% |
| First State Bank of the South, Inc. | $2,860,000 | $455,000 | -84.1% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $285,000 | $455,000 | 59.6% | 0.0% |
| Peoples Bank | $445,000 | n/a | 0.0% | |
| Central State Bank | $3,775,000 | $435,000 | -88.5% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $435,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $430,000 | n/a | 0.0% | |
| LOANPAL, LLC | $75,000 | $430,000 | 473.3% | 0.0% |
| APCO EMPLOYEES | $865,000 | $415,000 | -52.0% | 0.0% |
| First Financial Bank | $470,000 | $410,000 | -12.8% | 0.0% |
| Prairie State Bank and Trust | $405,000 | n/a | 0.0% | |
| Wolfe Financial, Inc | $405,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $175,000 | $395,000 | 125.7% | 0.0% |
| Bank of England | $1,345,000 | $395,000 | -70.6% | 0.0% |
| Presidential Bank, FSB | $390,000 | n/a | 0.0% | |
| OceanFirst Bank | $385,000 | n/a | 0.0% | |
| Evolve Bank & Trust | $1,150,000 | $375,000 | -67.4% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $365,000 | n/a | 0.0% | |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $365,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $365,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $360,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $1,150,000 | $355,000 | -69.1% | 0.0% |
| CU COMMUNITY, LLC | $345,000 | n/a | 0.0% | |
| Hamilton Mortgage Corporation | $205,000 | $335,000 | 63.4% | 0.0% |
| Coastal Community Bank | $390,000 | $330,000 | -15.4% | 0.0% |
| T2 FINANCIAL LLC | $320,000 | n/a | 0.0% | |
| Charles Schwab Bank, SSB | $255,000 | $315,000 | 23.5% | 0.0% |
| Mid-Continent Funding, Inc. | $185,000 | $315,000 | 70.3% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $750,000 | $310,000 | -58.7% | 0.0% |
| FREEDOM FIRST | $305,000 | n/a | 0.0% | |
| HUNT MORTGAGE CORPORATION | $175,000 | $305,000 | 74.3% | 0.0% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $305,000 | n/a | 0.0% | |
| ENDEAVOR CAPITAL, LLC. | $300,000 | n/a | 0.0% | |
| NORWICH COMMERCIAL GROUP, INC. | $295,000 | n/a | 0.0% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $95,000 | $295,000 | 210.5% | 0.0% |
| COUNTRYPLACE MORTGAGE, LTD. | $1,430,000 | $290,000 | -79.7% | 0.0% |
| River Bank & Trust | $985,000 | $290,000 | -70.6% | 0.0% |
| ALL IN | $100,000 | $285,000 | 185.0% | 0.0% |
| Bank of Springfield | $275,000 | n/a | 0.0% | |
| THE MORTGAGE FIRM, INC. | $275,000 | n/a | 0.0% | |
| VAN DYK MORTGAGE CORPORATION | $275,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $735,000 | $275,000 | -62.6% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $260,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $1,290,000 | $255,000 | -80.2% | 0.0% |
| EvaBank | $265,000 | $255,000 | -3.8% | 0.0% |
| Loan Simple, Inc. | $250,000 | n/a | 0.0% | |
| FUNDLOANS CAPITAL | $245,000 | n/a | 0.0% | |
| Logan Finance Corporation | $245,000 | n/a | 0.0% | |
| Old National Bank | $245,000 | n/a | 0.0% | |
| S1L, Inc. | $245,000 | n/a | 0.0% | |
| Mutual Savings Credit Union | $305,000 | $240,000 | -21.3% | 0.0% |
| EMBRACE HOME LOANS, INC. | $235,000 | n/a | 0.0% | |
| First Financial Bank | $470,000 | $235,000 | -50.0% | 0.0% |
| General Mortgage Capital Corporation | $235,000 | n/a | 0.0% | |
| GoPrime Mortgage, Inc. | $235,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $235,000 | n/a | 0.0% | |
| TOTAL MORTGAGE SERVICES, LLC | $235,000 | n/a | 0.0% | |
| b1BANK | $230,000 | n/a | 0.0% | |
| Jefferson Credit Union | $85,000 | $225,000 | 164.7% | 0.0% |
| Strong Home Mortgage, LLC | $225,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $340,000 | $225,000 | -33.8% | 0.0% |
| AMERICAN FINANCING CORPORATION | $105,000 | $215,000 | 104.8% | 0.0% |
| EMM LOANS LLC | $135,000 | $215,000 | 59.3% | 0.0% |
| FAMILY SAVINGS | $125,000 | $215,000 | 72.0% | 0.0% |
| Marion Bank & Trust Company | $215,000 | n/a | 0.0% | |
| Nations Lending Corporation | $215,000 | n/a | 0.0% | |
| Commercial Bank & Trust Co. | $205,000 | n/a | 0.0% | |
| FIRST COMMERCE CREDIT UNION | $205,000 | n/a | 0.0% | |
| First Federal Savings and Loan Association | $205,000 | n/a | 0.0% | |
| First National Bank of America | $245,000 | $205,000 | -16.3% | 0.0% |
| First National Bank of Pana | $205,000 | n/a | 0.0% | |
| KeyBank | $205,000 | n/a | 0.0% | |
| Academy Bank | $195,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $105,000 | $195,000 | 85.7% | 0.0% |
| Cornerstone First Mortgage, Inc | $625,000 | $195,000 | -68.8% | 0.0% |
| RBC Bank, (Georgia) | $195,000 | n/a | 0.0% | |
| Residential Acceptance Corporation | $185,000 | n/a | 0.0% | |
| MAX Credit Union | $180,000 | n/a | 0.0% | |
| Fifth Third Bank | $205,000 | $175,000 | -14.6% | 0.0% |
| SILVER HILL FUNDING, LLC | $175,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $35,000 | $165,000 | 371.4% | 0.0% |
| Alabama Central Credit Union | $75,000 | $160,000 | 113.3% | 0.0% |
| First State Bank of St. Charles, Missouri | $155,000 | n/a | 0.0% | |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $155,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $115,000 | $145,000 | 26.1% | 0.0% |
| INTERLINC MORTGAGE SERVICES, LLC | $4,135,000 | $145,000 | -96.5% | 0.0% |
| Keystone Funding, Inc. | $145,000 | n/a | 0.0% | |
| SWBC MORTGAGE CORPORATION | $145,000 | n/a | 0.0% | |
| Legends Bank | $125,000 | $135,000 | 8.0% | 0.0% |
| Sunflower Bank | $245,000 | $135,000 | -44.9% | 0.0% |
| SPRING EQ, LLC | $140,000 | $130,000 | -7.1% | 0.0% |
| A&D Mortgage LLC | $125,000 | n/a | 0.0% | |
| First Mid Bank & Trust | $125,000 | n/a | 0.0% | |
| Texana Bank | $125,000 | n/a | 0.0% | |
| The Central Trust Bank | $125,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $215,000 | $125,000 | -41.9% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $105,000 | n/a | 0.0% | |
| AXIA FINANCIAL, LLC | $105,000 | n/a | 0.0% | |
| COMPASS MORTGAGE, INC. | $105,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $105,000 | n/a | 0.0% | |
| TVA Community Credit Union | $105,000 | n/a | 0.0% | |
| FIRST STATE MORTGAGE SERVICES, LLC | $225,000 | $95,000 | -57.8% | 0.0% |
| V.I.P. MORTGAGE, INC. | $85,000 | n/a | 0.0% | |
| Bank of Dudley | $75,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $75,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP | $65,000 | n/a | 0.0% | |
| ALABAMA STATE EMPLOYEES CREDIT UNION | $55,000 | n/a | 0.0% | |
| Eco Credit Union | $55,000 | n/a | 0.0% | |
| SouthStar Bank, S.S.B. | $55,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $35,000 | n/a | 0.0% | |
| Bank of Yazoo City | $35,000 | n/a | 0.0% | |
| COCA-COLA | $35,000 | n/a | 0.0% | |
| ALABAMA TEACHERS | $500,000 | $25,000 | -95.0% | 0.0% |
TUSCALOOSA's top lender by overall market share is First Federal Bank, A FSB, with 15.7% market share. In second place, with 7.8%, is BankFirst Financial Services, having originated $81,505,000 in loans. In third place, with 4.6%, is SmartBank, having originated $48,710,000 in loans. In fourth place, with 4.5%, is MOVEMENT MORTGAGE, LLC, having originated $47,385,000 in loans. In fifth place, with 4.4%, is BancorpSouth, having originated $45,945,000 in loans.
TUSCALOOSA, AL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,914 | $779,530,000 | $267,512 |
| Refi | 460 | $142,980,000 | $310,826 |
| Cash Out Refi | 402 | $74,740,000 | $185,920 |
| Other | 302 | $29,650,000 | $98,179 |
| Home Improvement | 217 | $21,365,000 | $98,456 |
| NA | 3 | $425,000 | $141,667 |
Tuscaloosa's most frequently cited loan purpose was Home Purchase, with 2,914 originations. The 2nd most popular reason was Refi, with 460 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,691 | $444,365,000 | $262,782 |
| Over 8% | 830 | $99,010,000 | $119,289 |
| 5-6% | 773 | $189,575,000 | $245,246 |
| 7-8% | 707 | $240,345,000 | $339,950 |
| 4-5% | 139 | $31,845,000 | $229,101 |
| 3-4% | 24 | $5,340,000 | $222,500 |
| <2.5% | 15 | $605,000 | $40,333 |
| 2.5-3% | 1 | $275,000 | $275,000 |
During 2024, Tuscaloosa's most frequently originated rate bucket was 6-7%, with 1,691 originations.
Loan Sizing (TUSCALOOSA, AL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,746 | $470,560,000 | $269,507 |
| $100k-200k | 1,145 | $174,425,000 | $152,336 |
| $100,000 or less | 958 | $49,590,000 | $51,764 |
| $400k-600k | 279 | $132,335,000 | $474,319 |
| $600k-1000k | 115 | $83,275,000 | $724,130 |
| $Over $1MM | 55 | $138,505,000 | $2,518,273 |
TUSCALOOSA's loan sizing saw the bucket of loans from $200k-400k with 1,746 originations, totaling $470,560,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,060 | $547,100,000 | $265,583 |
| 60-80% | 767 | $234,085,000 | $305,196 |
| Under 20% | 468 | $23,340,000 | $49,872 |
| 20-40% | 324 | $46,480,000 | $143,457 |
| 40-60% | 269 | $86,185,000 | $320,390 |
| Over 100% | 81 | $32,945,000 | $406,728 |
TUSCALOOSA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,060 originations, totaling $547,100,000 in origination value.