TUSCALOOSA Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Tuscaloosa averaged
6.41%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.34% and
one month ago for the week of 2024-10-03, the
average rate was 5.74%.
Tuscaloosa's average rate one year ago was 7.48%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Tuscaloosa 30 Year Fixed Rate | 2024-11-07 | 6.41% |
| Tuscaloosa 30 Year Fixed Rate Refi | 2024-11-07 | 7% |
| Tuscaloosa 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Tuscaloosa 15 Year Fixed Rate Refi | 2024-11-07 | 6.2% |
| Tuscaloosa 30 Year FHA | 2024-11-07 | 6.05% |
| Tuscaloosa 30 Year FHA Refi | 2024-11-07 | 6.43% |
| Tuscaloosa 30 Year USDA | 2024-11-07 | 6.11% |
| Tuscaloosa 30 Year USDA Refi | 2024-11-07 | 6.28% |
| Tuscaloosa 30 Year VA | 2024-11-07 | 6.04% |
| Tuscaloosa 30 Year VA Refi | 2024-11-07 | 6.14% |
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 124 lenders originated 3,964
loans during 2023. The total origination value was $891,200,000, with an average loan value of
$224,823.
TUSCALOOSA's average closing costs are $4,781.
The top TUSCALOOSA lender as defined by loan originations is First Federal Bank, A FSB, with
252 loans originated. Their average total fees are
$5,722, which is $694
lower than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee TUSCALOOSA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($2,451), Morgan Stanley Private Bank ($3,023), JPMorgan Chase Bank ($3,344), ALABAMA CREDIT UNION ($3,631) and Wells Fargo Bank ($3,831).
The lowest rate TUSCALOOSA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.37%), ALABAMA CREDIT UNION (5.76%), Morgan Stanley Private Bank (5.82%), Wells Fargo Bank (6.33%) and JPMorgan Chase Bank (6.37%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| First Federal Bank, A FSB | $163,485,000 | $128,410,000 | -21.5% | 14.4% |
| BankFirst Financial Services | $54,570,000 | $53,765,000 | -1.5% | 6.0% |
| MOVEMENT MORTGAGE, LLC | $57,630,000 | $47,605,000 | -17.4% | 5.3% |
| Regions Bank | $63,850,000 | $47,205,000 | -26.1% | 5.3% |
| Bryant Bank | $43,935,000 | $35,250,000 | -19.8% | 4.0% |
| Renasant Bank | $44,640,000 | $30,630,000 | -31.4% | 3.4% |
| QUICKEN LOANS, LLC | $53,535,000 | $29,445,000 | -45.0% | 3.3% |
| BancorpSouth | $46,035,000 | $28,530,000 | -38.0% | 3.2% |
| DHI MORTGAGE COMPANY, LTD. | $39,190,000 | $26,965,000 | -31.2% | 3.0% |
| FirstBank | $38,725,000 | $23,220,000 | -40.0% | 2.6% |
| Alabama One Credit Union | $35,195,000 | $21,245,000 | -39.6% | 2.4% |
| Arbor Realty Trust, Inc. | $1,225,000 | $18,380,000 | 1,400.4% | 2.1% |
| CB&S Bank, Inc. | $17,820,000 | $15,195,000 | -14.7% | 1.7% |
| United Community Bank | $305,000 | $14,410,000 | 4,624.6% | 1.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $20,690,000 | $13,770,000 | -33.4% | 1.5% |
| Synovus Bank | $24,645,000 | $12,035,000 | -51.2% | 1.4% |
| Robertson Banking Company | $11,045,000 | n/a | 1.2% | |
| Trustmark National Bank | $20,835,000 | $10,545,000 | -49.4% | 1.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $15,690,000 | $10,075,000 | -35.8% | 1.1% |
| West Alabama Bank & Trust | $14,975,000 | $9,835,000 | -34.3% | 1.1% |
| SmartBank | $20,380,000 | $9,170,000 | -55.0% | 1.0% |
| ALABAMA CREDIT UNION | $18,275,000 | $9,090,000 | -50.3% | 1.0% |
| Wells Fargo Bank | $15,990,000 | $8,550,000 | -46.5% | 1.0% |
| Mortgage Research Center, LLC | $15,660,000 | $8,510,000 | -45.7% | 1.0% |
| Morgan Stanley Private Bank | $4,130,000 | $8,385,000 | 103.0% | 0.9% |
| GUILD MORTGAGE COMPANY | $13,910,000 | $7,825,000 | -43.7% | 0.9% |
| HOMESIDE FINANCIAL, LLC | $390,000 | $6,780,000 | 1,638.5% | 0.8% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $3,540,000 | $6,745,000 | 90.5% | 0.8% |
| Assurance Financial Group, L.L.C. | $5,935,000 | $6,255,000 | 5.4% | 0.7% |
| PNC Bank | $9,330,000 | $6,025,000 | -35.4% | 0.7% |
| 21ST MORTGAGE CORPORATION | $8,120,000 | $5,940,000 | -26.8% | 0.7% |
| RELIANCE FIRST CAPITAL, LLC | $1,800,000 | $5,865,000 | 225.8% | 0.7% |
| U.S. Bank | $8,945,000 | $5,445,000 | -39.1% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $10,695,000 | $5,260,000 | -50.8% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $8,510,000 | $4,860,000 | -42.9% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $7,675,000 | $4,510,000 | -41.2% | 0.5% |
| JPMorgan Chase Bank | $29,075,000 | $4,440,000 | -84.7% | 0.5% |
| INTERLINC MORTGAGE SERVICES, LLC | $23,820,000 | $4,135,000 | -82.6% | 0.5% |
| LOANDEPOT.COM, LLC | $15,320,000 | $3,970,000 | -74.1% | 0.4% |
| UNION HOME MORTGAGE CORP. | $635,000 | $3,930,000 | 518.9% | 0.4% |
| CIS Financial Services, Inc. | $2,080,000 | $3,815,000 | 83.4% | 0.4% |
| Central State Bank | $3,135,000 | $3,775,000 | 20.4% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $9,680,000 | $3,700,000 | -61.8% | 0.4% |
| Northpointe Bank | $3,055,000 | $3,700,000 | 21.1% | 0.4% |
| Citizens Bank | $8,355,000 | $3,660,000 | -56.2% | 0.4% |
| ServisFirst Bank | $2,780,000 | $3,430,000 | 23.4% | 0.4% |
| Southern States Bank | $1,215,000 | $3,380,000 | 178.2% | 0.4% |
| Prosperity Home Mortgage, LLC | $3,535,000 | $3,305,000 | -6.5% | 0.4% |
| SouthPoint Bank | $7,805,000 | $3,130,000 | -59.9% | 0.4% |
| Truist | $32,700,000 | $3,065,000 | -90.6% | 0.3% |
| TRIAD FINANCIAL SERVICES, INC. | $5,550,000 | $3,000,000 | -45.9% | 0.3% |
| The Citizens Bank of Philadelphia, Mississippi | $2,975,000 | n/a | 0.3% | |
| Pinnacle Bank | $95,000 | $2,935,000 | 2,989.5% | 0.3% |
| First State Bank of the South, Inc. | $2,860,000 | n/a | 0.3% | |
| Raymond James Bank | $1,840,000 | $2,855,000 | 55.2% | 0.3% |
| First Horizon Bank | $890,000 | $2,825,000 | 217.4% | 0.3% |
| AMERICA'S FIRST | $2,900,000 | $2,700,000 | -6.9% | 0.3% |
| South State Bank | $555,000 | $2,675,000 | 382.0% | 0.3% |
| NEWREZ LLC | $2,610,000 | $2,580,000 | -1.1% | 0.3% |
| Consumer First Mortgage, Inc. | $4,765,000 | $2,385,000 | -49.9% | 0.3% |
| TJC Mortgage, Inc. | $3,860,000 | $2,385,000 | -38.2% | 0.3% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $930,000 | $2,330,000 | 150.5% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $695,000 | $2,255,000 | 224.5% | 0.3% |
| CMG MORTGAGE, INC. | $1,330,000 | $1,970,000 | 48.1% | 0.2% |
| PEOPLES BANK OF GREENSBORO | $1,960,000 | n/a | 0.2% | |
| Capitol Federal Savings Bank | $1,065,000 | $1,875,000 | 76.1% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $5,355,000 | $1,805,000 | -66.3% | 0.2% |
| GMFS LLC | $2,155,000 | $1,800,000 | -16.5% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $845,000 | $1,750,000 | 107.1% | 0.2% |
| SECURITYNATIONAL MORTGAGE COMPANY | $2,300,000 | $1,675,000 | -27.2% | 0.2% |
| STOCKTON MORTGAGE CORPORATION | $1,640,000 | n/a | 0.2% | |
| GUARANTEED RATE, INC. | $1,705,000 | $1,635,000 | -4.1% | 0.2% |
| BROKER SOLUTIONS, INC. | $3,820,000 | $1,605,000 | -58.0% | 0.2% |
| Community Bank of Mississippi | $2,005,000 | $1,475,000 | -26.4% | 0.2% |
| Troy Bank and Trust Company | $1,470,000 | n/a | 0.2% | |
| COUNTRYPLACE MORTGAGE, LTD. | $1,795,000 | $1,430,000 | -20.3% | 0.2% |
| Bank of England | $660,000 | $1,345,000 | 103.8% | 0.2% |
| Citibank | $3,065,000 | $1,310,000 | -57.3% | 0.1% |
| FBC MORTGAGE, LLC | $785,000 | $1,310,000 | 66.9% | 0.1% |
| Stifel Bank and Trust | $4,525,000 | $1,305,000 | -71.2% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,560,000 | $1,300,000 | -16.7% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $625,000 | $1,290,000 | 106.4% | 0.1% |
| Neighborhood Loans, Inc. | $1,280,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $3,310,000 | $1,270,000 | -61.6% | 0.1% |
| GREAT RIVER FEDERAL CREDIT UNION | $1,265,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $5,420,000 | $1,235,000 | -77.2% | 0.1% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $1,230,000 | n/a | 0.1% | |
| MORIA DEVELOPMENT, INC. | $1,230,000 | n/a | 0.1% | |
| BMO Harris Bank | $1,210,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $1,125,000 | $1,205,000 | 7.1% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $225,000 | $1,175,000 | 422.2% | 0.1% |
| Carrington Mortgage Services, LLC | $3,955,000 | $1,165,000 | -70.5% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $2,045,000 | $1,150,000 | -43.8% | 0.1% |
| Evolve Bank & Trust | $1,500,000 | $1,150,000 | -23.3% | 0.1% |
| Discover Bank | $550,000 | $1,120,000 | 103.6% | 0.1% |
| USAA Federal Savings Bank | $2,675,000 | $1,085,000 | -59.4% | 0.1% |
| The Citizens National Bank of Meridian | $270,000 | $1,080,000 | 300.0% | 0.1% |
| EVANSVILLE TEACHERS | $370,000 | $1,045,000 | 182.4% | 0.1% |
| ENCORE BANK | $1,005,000 | n/a | 0.1% | |
| AVADIAN | $130,000 | $1,000,000 | 669.2% | 0.1% |
| River Bank & Trust | $910,000 | $985,000 | 8.2% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $155,000 | $930,000 | 500.0% | 0.1% |
| MILEND, INC. | $855,000 | $905,000 | 5.8% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $955,000 | $900,000 | -5.8% | 0.1% |
| Princeton Mortgage Corporation | $885,000 | n/a | 0.1% | |
| APCO EMPLOYEES | $3,560,000 | $865,000 | -75.7% | 0.1% |
| AMWEST FUNDING CORP. | $165,000 | $850,000 | 415.2% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $525,000 | $815,000 | 55.2% | 0.1% |
| BETTER MORTGAGE CORPORATION | $615,000 | $795,000 | 29.3% | 0.1% |
| NBKC BANK | $510,000 | $775,000 | 52.0% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $3,640,000 | $760,000 | -79.1% | 0.1% |
| BNY Mellon | $755,000 | n/a | 0.1% | |
| DOMINION FINANCIAL SERVICES, LLC | $115,000 | $750,000 | 552.2% | 0.1% |
| Adams Bank & Trust | $735,000 | n/a | 0.1% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $340,000 | $735,000 | 116.2% | 0.1% |
| Farmers Bank & Trust | $720,000 | n/a | 0.1% | |
| Premier Bank of the South | $375,000 | $715,000 | 90.7% | 0.1% |
| PLANET HOME LENDING, LLC | $185,000 | $710,000 | 283.8% | 0.1% |
| Merchants Bank of Indiana | $31,200,000 | $705,000 | -97.7% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $535,000 | $700,000 | 30.8% | 0.1% |
| Bank of America | $1,870,000 | $685,000 | -63.4% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $145,000 | $650,000 | 348.3% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,545,000 | $635,000 | -58.9% | 0.1% |
| Figure Lending LLC | $295,000 | $630,000 | 113.6% | 0.1% |
| Cornerstone First Mortgage, Inc | $85,000 | $625,000 | 635.3% | 0.1% |
| Guaranty Bank and Trust Company | $3,225,000 | $625,000 | -80.6% | 0.1% |
| GUARANTY HOME MORTGAGE CORPORATION | $915,000 | $625,000 | -31.7% | 0.1% |
| Plains Commerce Bank | $620,000 | n/a | 0.1% | |
| Ally Bank | $2,175,000 | $595,000 | -72.6% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $725,000 | $595,000 | -17.9% | 0.1% |
| MidSouth Bank | $580,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $850,000 | $575,000 | -32.4% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $165,000 | $540,000 | 227.3% | 0.1% |
| ISERVE RESIDENTIAL LENDING, LLC | $345,000 | $530,000 | 53.6% | 0.1% |
| Listerhill Credit Union | $650,000 | $520,000 | -20.0% | 0.1% |
| SUPERIOR CHOICE | $505,000 | n/a | 0.1% | |
| ALABAMA TEACHERS | $685,000 | $500,000 | -27.0% | 0.1% |
| MTC Federal Credit Union | $385,000 | $485,000 | 26.0% | 0.1% |
| First Financial Bank | $140,000 | $470,000 | 235.7% | 0.1% |
| Towne Bank | $465,000 | n/a | 0.1% | |
| LEADERONE FINANCIAL CORPORATION | $1,325,000 | $445,000 | -66.4% | 0.0% |
| MORTGAGE ACCESS CORP. | $755,000 | $445,000 | -41.1% | 0.0% |
| Texas Bank and Trust Company | $445,000 | n/a | 0.0% | |
| NobleBank & Trust | $105,000 | $435,000 | 314.3% | 0.0% |
| The Loan Store, Inc. | $430,000 | n/a | 0.0% | |
| First National Bank of Pulaski | $425,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $415,000 | n/a | 0.0% | |
| M&T Bank | $1,065,000 | $410,000 | -61.5% | 0.0% |
| REDSTONE Federal Credit Union | $195,000 | $405,000 | 107.7% | 0.0% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $215,000 | $400,000 | 86.0% | 0.0% |
| Coastal Community Bank | $390,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $960,000 | $385,000 | -59.9% | 0.0% |
| Armed Forces Bank | $365,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $1,270,000 | $355,000 | -72.0% | 0.0% |
| THE CITIZENS BANK | $355,000 | n/a | 0.0% | |
| Investar Bank | $860,000 | $340,000 | -60.5% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $315,000 | $340,000 | 7.9% | 0.0% |
| The Huntington National Bank | $590,000 | $340,000 | -42.4% | 0.0% |
| First Federal Bank | $235,000 | $335,000 | 42.6% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $320,000 | n/a | 0.0% | |
| ASCEND FEDERAL CREDIT UNION | $305,000 | n/a | 0.0% | |
| Mutual Savings Credit Union | $1,515,000 | $305,000 | -79.9% | 0.0% |
| University Bank | $305,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $1,085,000 | $300,000 | -72.4% | 0.0% |
| Centennial Bank | $295,000 | n/a | 0.0% | |
| EASTMAN | $650,000 | $295,000 | -54.6% | 0.0% |
| KELLER MORTGAGE, LLC | $555,000 | $285,000 | -48.6% | 0.0% |
| Magnolia Bank | $395,000 | $285,000 | -27.8% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $625,000 | $285,000 | -54.4% | 0.0% |
| FIRST FLORIDA Credit Union | $275,000 | n/a | 0.0% | |
| NFM, INC. | $275,000 | n/a | 0.0% | |
| Settlers Bank | $275,000 | n/a | 0.0% | |
| EvaBank | $1,550,000 | $265,000 | -82.9% | 0.0% |
| SeaTrust Mortgage Company | $265,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $265,000 | n/a | 0.0% | |
| Charles Schwab Bank, SSB | $255,000 | n/a | 0.0% | |
| Colony Bank | $585,000 | $255,000 | -56.4% | 0.0% |
| THRIVE MORTGAGE, LLC | $135,000 | $255,000 | 88.9% | 0.0% |
| First National Bank of America | $260,000 | $245,000 | -5.8% | 0.0% |
| Sunflower Bank | $580,000 | $245,000 | -57.8% | 0.0% |
| Secured Investment Corp. | $150,000 | $240,000 | 60.0% | 0.0% |
| The Exchange Bank of Alabama | $240,000 | n/a | 0.0% | |
| Ameris Bank | $945,000 | $235,000 | -75.1% | 0.0% |
| CANOPY MORTGAGE, LLC | $135,000 | $235,000 | 74.1% | 0.0% |
| Leader Bank | $235,000 | n/a | 0.0% | |
| SENB Bank | $235,000 | n/a | 0.0% | |
| The Federal Savings Bank | $1,345,000 | $235,000 | -82.5% | 0.0% |
| 1ST SIGNATURE LENDING, LLC | $905,000 | $225,000 | -75.1% | 0.0% |
| Capital City Home Loans, LLC | $225,000 | n/a | 0.0% | |
| Citizens Bank & Trust | $195,000 | $225,000 | 15.4% | 0.0% |
| FIRST STATE MORTGAGE SERVICES, LLC | $185,000 | $225,000 | 21.6% | 0.0% |
| SHELTER HOME MORTGAGE, LLC | $225,000 | n/a | 0.0% | |
| Deseret First Credit Union | $215,000 | n/a | 0.0% | |
| First Federal Bank of Kansas City | $215,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $550,000 | $215,000 | -60.9% | 0.0% |
| ZILLOW HOME LOANS, LLC | $525,000 | $215,000 | -59.0% | 0.0% |
| CSL Financial, LLC | $775,000 | $210,000 | -72.9% | 0.0% |
| COMMUNITY MORTGAGE CORPORATION | $205,000 | n/a | 0.0% | |
| Fifth Third Bank | $125,000 | $205,000 | 64.0% | 0.0% |
| Hamilton Mortgage Corporation | $205,000 | n/a | 0.0% | |
| The Citizens Bank | $205,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $205,000 | n/a | 0.0% | |
| Firefighters First Federal Credit Union | $195,000 | n/a | 0.0% | |
| NEXERA HOLDING LLC | $195,000 | n/a | 0.0% | |
| Liberty Bank | $340,000 | $185,000 | -45.6% | 0.0% |
| Mid-Continent Funding, Inc. | $660,000 | $185,000 | -72.0% | 0.0% |
| PREMIA MORTGAGE, LLC | $405,000 | $185,000 | -54.3% | 0.0% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $175,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $515,000 | $175,000 | -66.0% | 0.0% |
| HUNT MORTGAGE CORPORATION | $530,000 | $175,000 | -67.0% | 0.0% |
| LIMA ONE CAPITAL, LLC | $950,000 | $175,000 | -81.6% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $225,000 | $170,000 | -24.4% | 0.0% |
| UNIVERSITY CREDIT UNION | $170,000 | n/a | 0.0% | |
| Associated Credit Union | $75,000 | $165,000 | 120.0% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $605,000 | $165,000 | -72.7% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $165,000 | n/a | 0.0% | |
| Baxter Credit Union | $155,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $155,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $155,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $155,000 | n/a | 0.0% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $150,000 | n/a | 0.0% | |
| First Metro Bank | $145,000 | n/a | 0.0% | |
| Patriot Bank | $145,000 | n/a | 0.0% | |
| Security Bank of Kansas City | $145,000 | n/a | 0.0% | |
| UBS Bank USA | $345,000 | $145,000 | -58.0% | 0.0% |
| SPRING EQ, LLC | $515,000 | $140,000 | -72.8% | 0.0% |
| EMM LOANS LLC | $310,000 | $135,000 | -56.5% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $135,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $1,080,000 | $135,000 | -87.5% | 0.0% |
| Total Media Management, LLC | $135,000 | n/a | 0.0% | |
| FAMILY SAVINGS | $125,000 | n/a | 0.0% | |
| Legends Bank | $195,000 | $125,000 | -35.9% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $115,000 | n/a | 0.0% | |
| Traditions Bank | $115,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $600,000 | $105,000 | -82.5% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $105,000 | n/a | 0.0% | |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $105,000 | n/a | 0.0% | |
| ONY GLO, INC. | $105,000 | n/a | 0.0% | |
| United Bank | $105,000 | n/a | 0.0% | |
| ALL IN | $35,000 | $100,000 | 185.7% | 0.0% |
| LEGACY COMMUNITY FEDERAL CREDIT UNION | $190,000 | $95,000 | -50.0% | 0.0% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,740,000 | $95,000 | -94.5% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $685,000 | $95,000 | -86.1% | 0.0% |
| Jefferson Credit Union | $545,000 | $85,000 | -84.4% | 0.0% |
| Alabama Central Credit Union | $600,000 | $75,000 | -87.5% | 0.0% |
| Bank Independent | $275,000 | $75,000 | -72.7% | 0.0% |
| HomeTrust Bank | $75,000 | n/a | 0.0% | |
| LOANPAL, LLC | $310,000 | $75,000 | -75.8% | 0.0% |
| AlaTrust Credit Union | $65,000 | n/a | 0.0% | |
| First National Bank | $2,105,000 | $65,000 | -96.9% | 0.0% |
| GENEVA FINANCIAL, LLC | $365,000 | $65,000 | -82.2% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $65,000 | n/a | 0.0% | |
| BankPlus | $890,000 | $55,000 | -93.8% | 0.0% |
| LAFAYETTE FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| First US Bank | $595,000 | $45,000 | -92.4% | 0.0% |
| CAMPUS USA | $35,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $35,000 | n/a | 0.0% | |
| Tyndall Federal Credit Union | $35,000 | n/a | 0.0% |
TUSCALOOSA's top lender by overall market share is First Federal Bank, A FSB, with 14.4% market share. In second place, with 6.0%, is BankFirst Financial Services, having originated $53,765,000 in loans. In third place, with 5.3%, is MOVEMENT MORTGAGE, LLC, having originated $47,605,000 in loans. In fourth place, with 5.3%, is Regions Bank, having originated $47,205,000 in loans. In fifth place, with 4.0%, is Bryant Bank, having originated $35,250,000 in loans.
TUSCALOOSA, AL Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 35006 | Tuscaloosa, AL HUD Metro FMR Area | $820 | $870 | $1,020 | $1,300 | $1,400 |
| 35111 | Tuscaloosa, AL HUD Metro FMR Area | $750 | $790 | $930 | $1,190 | $1,280 |
| 35184 | Tuscaloosa, AL HUD Metro FMR Area | $690 | $750 | $860 | $1,100 | $1,190 |
| 35188 | Tuscaloosa, AL HUD Metro FMR Area | $760 | $820 | $940 | $1,200 | $1,310 |
| 35401 | Tuscaloosa, AL HUD Metro FMR Area | $760 | $770 | $950 | $1,190 | $1,280 |
| 35402 | Tuscaloosa, AL HUD Metro FMR Area | $820 | $820 | $1,020 | $1,280 | $1,370 |
| 35403 | Tuscaloosa, AL HUD Metro FMR Area | $820 | $820 | $1,020 | $1,280 | $1,370 |
| 35404 | Tuscaloosa, AL HUD Metro FMR Area | $870 | $870 | $1,080 | $1,350 | $1,450 |
| 35405 | Tuscaloosa, AL HUD Metro FMR Area | $840 | $850 | $1,050 | $1,320 | $1,410 |
| 35406 | Tuscaloosa, AL HUD Metro FMR Area | $960 | $970 | $1,200 | $1,510 | $1,610 |
| 35407 | Tuscaloosa, AL HUD Metro FMR Area | $820 | $820 | $1,020 | $1,280 | $1,370 |
| 35441 | Tuscaloosa, AL HUD Metro FMR Area | $690 | $690 | $840 | $1,050 | $1,140 |
| 35444 | Tuscaloosa, AL HUD Metro FMR Area | $800 | $810 | $1,000 | $1,250 | $1,340 |
| 35446 | Tuscaloosa, AL HUD Metro FMR Area | $800 | $810 | $1,000 | $1,250 | $1,340 |
| 35449 | Tuscaloosa, AL HUD Metro FMR Area | $820 | $820 | $1,020 | $1,280 | $1,370 |
| 35452 | Tuscaloosa, AL HUD Metro FMR Area | $850 | $860 | $1,060 | $1,330 | $1,420 |
| 35453 | Tuscaloosa, AL HUD Metro FMR Area | $760 | $770 | $950 | $1,190 | $1,280 |
| 35456 | Tuscaloosa, AL HUD Metro FMR Area | $850 | $860 | $1,060 | $1,330 | $1,420 |
| 35457 | Tuscaloosa, AL HUD Metro FMR Area | $690 | $700 | $880 | $1,130 | $1,180 |
| 35458 | Tuscaloosa, AL HUD Metro FMR Area | $690 | $690 | $870 | $1,110 | $1,170 |
| 35463 | Tuscaloosa, AL HUD Metro FMR Area | $770 | $780 | $970 | $1,210 | $1,300 |
| 35466 | Tuscaloosa, AL HUD Metro FMR Area | $690 | $690 | $840 | $1,050 | $1,140 |
| 35469 | Tuscaloosa, AL HUD Metro FMR Area | $690 | $690 | $850 | $1,050 | $1,140 |
| 35473 | Tuscaloosa, AL HUD Metro FMR Area | $830 | $840 | $1,040 | $1,300 | $1,400 |
| 35474 | Tuscaloosa, AL HUD Metro FMR Area | $750 | $760 | $940 | $1,180 | $1,260 |
| 35475 | Tuscaloosa, AL HUD Metro FMR Area | $780 | $780 | $970 | $1,220 | $1,300 |
| 35476 | Tuscaloosa, AL HUD Metro FMR Area | $770 | $770 | $960 | $1,200 | $1,290 |
| 35480 | Tuscaloosa, AL HUD Metro FMR Area | $690 | $690 | $840 | $1,050 | $1,140 |
| 35486 | Tuscaloosa, AL HUD Metro FMR Area | $820 | $820 | $1,020 | $1,280 | $1,370 |
| 35490 | Tuscaloosa, AL HUD Metro FMR Area | $910 | $910 | $1,130 | $1,420 | $1,520 |
| 35546 | Tuscaloosa, AL HUD Metro FMR Area | $820 | $820 | $1,020 | $1,280 | $1,370 |
| 35555 | Tuscaloosa, AL HUD Metro FMR Area | $690 | $690 | $840 | $1,050 | $1,140 |
| 35574 | Tuscaloosa, AL HUD Metro FMR Area | $690 | $690 | $840 | $1,050 | $1,140 |
| 35579 | Tuscaloosa, AL HUD Metro FMR Area | $820 | $820 | $1,020 | $1,280 | $1,370 |
| 36738 | Tuscaloosa, AL HUD Metro FMR Area | $690 | $690 | $840 | $1,050 | $1,140 |
| 36742 | Tuscaloosa, AL HUD Metro FMR Area | $690 | $690 | $840 | $1,050 | $1,140 |
| 36744 | Tuscaloosa, AL HUD Metro FMR Area | $690 | $690 | $840 | $1,050 | $1,140 |
| 36756 | Tuscaloosa, AL HUD Metro FMR Area | $690 | $690 | $840 | $1,050 | $1,140 |
| 36765 | Tuscaloosa, AL HUD Metro FMR Area | $990 | $990 | $1,230 | $1,540 | $1,650 |
| 36776 | Tuscaloosa, AL HUD Metro FMR Area | $690 | $690 | $840 | $1,050 | $1,140 |
| 36786 | Tuscaloosa, AL HUD Metro FMR Area | $690 | $690 | $840 | $1,050 | $1,140 |
2022 Average & Median Rent Data Statistics
TUSCALOOSA, AL average 1BR rent: $781, median: $780
TUSCALOOSA, AL average 2BR rent: $959, median: $960
TUSCALOOSA, AL average 3BR rent: $1,204, median: $1,200
TUSCALOOSA, AL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,682 | $658,530,000 | $245,537 |
| Refi | 418 | $105,570,000 | $252,560 |
| Cash Out Refi | 365 | $80,315,000 | $220,041 |
| Other | 317 | $29,635,000 | $93,486 |
| Home Improvement | 180 | $17,040,000 | $94,667 |
| NA | 2 | $110,000 | $55,000 |
Tuscaloosa's most frequently cited loan purpose was Home Purchase, with 2,682 originations. The 2nd most popular reason was Refi, with 418 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,342 | $322,580,000 | $240,373 |
| Over 8% | 799 | $110,465,000 | $138,254 |
| 7-8% | 768 | $168,280,000 | $219,115 |
| 5-6% | 756 | $211,530,000 | $279,802 |
| 4-5% | 110 | $32,430,000 | $294,818 |
| 3-4% | 28 | $4,590,000 | $163,929 |
| <2.5% | 20 | $680,000 | $34,000 |
| 2.5-3% | 2 | $1,130,000 | $565,000 |
During 2023, Tuscaloosa's most frequently originated rate bucket was 6-7%, with 1,342 originations.
Loan Sizing (TUSCALOOSA, AL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,419 | $383,555,000 | $270,300 |
| $100k-200k | 1,218 | $182,300,000 | $149,672 |
| $100,000 or less | 961 | $52,885,000 | $55,031 |
| $400k-600k | 225 | $106,715,000 | $474,289 |
| $600k-1000k | 99 | $70,775,000 | $714,899 |
| $Over $1MM | 42 | $94,970,000 | $2,261,190 |
TUSCALOOSA's loan sizing saw the bucket of loans from $200k-400k with 1,419 originations, totaling $383,555,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,873 | $475,915,000 | $254,092 |
| 60-80% | 757 | $218,895,000 | $289,161 |
| Under 20% | 405 | $20,655,000 | $51,000 |
| 20-40% | 331 | $42,215,000 | $127,538 |
| 40-60% | 304 | $64,080,000 | $210,789 |
| Over 100% | 62 | $16,110,000 | $259,839 |
TUSCALOOSA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,873 originations, totaling $475,915,000 in origination value.