Union City Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Union City averaged 7% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.88% and one month ago for the week of 2024-03-14, the average rate was 6.84%.

    Union City's average rate one year ago was 6.37%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.4%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Union City 30 Year Fixed Rate 2024-04-18 7%
    Union City 30 Year Fixed Rate Refi 2024-04-18 7.4%
    Union City 15 Year Fixed Rate 2024-04-18 6.19%
    Union City 15 Year Fixed Rate Refi 2024-04-18 6.29%
    Union City 30 Year FHA 2024-04-18 6.66%
    Union City 30 Year FHA Refi 2024-04-18 6.86%
    Union City 30 Year USDA 2024-04-18 6.66%
    Union City 30 Year USDA Refi 2024-04-18 6.86%
    Union City 30 Year VA 2024-04-18 6.86%
    Union City 30 Year VA Refi 2024-04-18 6.66%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Union City, TN.

    Union City 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 Union City, TN 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Leaders Credit Union 15 6.84% $2,389
    First Citizens National Bank 10 6.93% $2,788
    QUICKEN LOANS, LLC 8 6.98% $5,128
    Simmons Bank 8 7.42% $2,725
    Regions Bank 5 6.75% $3,447
    FIRST COMMUNITY MORTGAGE, INC. 3 7.08% $4,347
    CHURCHILL MORTGAGE CORPORATION 2 6.31% $5,076
    Mr. Cooper ( Nationstar Mortgage ) 2 7.25% $5,721
    FREEDOM MORTGAGE CORPORATION 1 7.13% $4,151
    Independent Bank 1 5.88% $14,714
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.13% $6,165
    ROYAL UNITED MORTGAGE LLC 1 7.50% $8,115
    RUOFF MORTGAGE COMPANY, INC. 1 6.00% $600
    UNITED WHOLESALE MORTGAGE, LLC 1 6.98% $4,559
    U.S. Bank 1 6.63% $3,710
    AMERICAN FINANCING CORPORATION 1 7.13% $9,830
    U. T. 1 6.38% $6,534
    American Mortgage & Equity Consultants, Inc. 1 7.50% $6,078
    Bank of Tennessee 1 7.88% $4,691
    BROKER SOLUTIONS, INC. 1 7.63% $5,500
    CARDINAL FINANCIAL 1 5.99% $4,267
    COMPASS MORTGAGE, INC. 1 6.88% $3,600
    Farm Credit Mid-America, ACA 1 6.38% $8,759
    First Financial Bank 1 6.00% $3,230

    Union City Average Closing Costs & Other Stats

    Union City, TN's 24 lenders originated 496 loans during 2023. The total origination value was $61,990,000, with an average loan value of $124,980.

    Union City's average closing costs are $4,235.

    The top Union City lender as defined by loan originations is Leaders Credit Union, with 15 loans originated. Their average total fees are $2,389, which is $399 lower than the next largest lender, First Citizens National Bank.

    The lowest fee Union City lenders (with over 10 loans originated) are Leaders Credit Union ($2,389), First Citizens National Bank ($2,788), .

    The lowest rate Union City lenders (with over 10 loans originated) are Leaders Credit Union (6.84%), First Citizens National Bank (6.93%), .

    Union City, TN 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
    Commercial Bank & Trust Co. $7,290,000 $9,180,000 25.9% 14.8%
    First Citizens National Bank $4,925,000 $5,880,000 19.4% 9.5%
    Leaders Credit Union $7,845,000 $5,755,000 -26.6% 9.3%
    QUICKEN LOANS, LLC $3,790,000 $4,635,000 22.3% 7.5%
    Regions Bank $5,835,000 $3,455,000 -40.8% 5.6%
    Simmons Bank $7,495,000 $3,295,000 -56.0% 5.3%
    ORIX REAL ESTATE CAPITAL, LLC $2,845,000 n/a 4.6%
    FIRST COMMUNITY MORTGAGE, INC. $1,870,000 $2,015,000 7.8% 3.3%
    Mortgage Research Center, LLC $2,040,000 $1,885,000 -7.6% 3.0%
    Farm Credit Mid-America, ACA $315,000 $990,000 214.3% 1.6%
    VANDERBILT MORTGAGE AND FINANCE, INC. $105,000 $910,000 766.7% 1.5%
    First Financial Bank $1,520,000 $890,000 -41.4% 1.4%
    MORTGAGE INVESTORS GROUP, INC. $640,000 $880,000 37.5% 1.4%
    UNITED WHOLESALE MORTGAGE, LLC $1,005,000 $735,000 -26.9% 1.2%
    BancorpSouth $700,000 n/a 1.1%
    U. T. $780,000 $695,000 -10.9% 1.1%
    FREEDOM MORTGAGE CORPORATION $915,000 $655,000 -28.4% 1.1%
    Centennial Bank $625,000 $650,000 4.0% 1.0%
    MILEND, INC. $615,000 n/a 1.0%
    Independent Bank $595,000 n/a 1.0%
    Mr. Cooper ( Nationstar Mortgage ) $655,000 $585,000 -10.7% 0.9%
    21ST MORTGAGE CORPORATION $910,000 $470,000 -48.4% 0.8%
    CHURCHILL MORTGAGE CORPORATION $400,000 n/a 0.6%
    AMERISAVE MORTGAGE CORPORATION $365,000 $360,000 -1.4% 0.6%
    Prosperity Home Mortgage, LLC $355,000 n/a 0.6%
    Equity Prime Mortgage LLC $330,000 n/a 0.5%
    AMERICAN FINANCING CORPORATION $270,000 $300,000 11.1% 0.5%
    INTERLINC MORTGAGE SERVICES, LLC $275,000 n/a 0.4%
    PENNYMAC LOAN SERVICES, LLC $550,000 $270,000 -50.9% 0.4%
    CARDINAL FINANCIAL $260,000 n/a 0.4%
    NEW DAY FINANCIAL, LLC $350,000 $260,000 -25.7% 0.4%
    UNION HOME MORTGAGE CORP. $260,000 n/a 0.4%
    U.S. Bank $550,000 $245,000 -55.5% 0.4%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $225,000 n/a 0.4%
    American Mortgage & Equity Consultants, Inc. $205,000 n/a 0.3%
    Carrington Mortgage Services, LLC $215,000 $205,000 -4.7% 0.3%
    MORTGAGEONE, INC. $205,000 n/a 0.3%
    RELIANCE FIRST CAPITAL, LLC $200,000 n/a 0.3%
    AMERICAN FINANCIAL NETWORK, INC. $195,000 n/a 0.3%
    SeaTrust Mortgage Company $185,000 n/a 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $180,000 n/a 0.3%
    LOANDEPOT.COM, LLC $1,580,000 $180,000 -88.6% 0.3%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $175,000 n/a 0.3%
    USAA Federal Savings Bank $85,000 $175,000 105.9% 0.3%
    McKenzie Banking Company $170,000 n/a 0.3%
    Bank of Tennessee $165,000 n/a 0.3%
    Carroll Bank and Trust $50,000 $165,000 230.0% 0.3%
    Brighton Bank $155,000 n/a 0.3%
    Northpointe Bank $155,000 n/a 0.3%
    MID AMERICA MORTGAGE, INC. $145,000 n/a 0.2%
    Mid-Continent Funding, Inc. $145,000 n/a 0.2%
    POLARIS HOME FUNDING CORP. $145,000 n/a 0.2%
    PREMIER MORTGAGE RESOURCES, L.L.C. $145,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $345,000 $145,000 -58.0% 0.2%
    RUOFF MORTGAGE COMPANY, INC. $135,000 n/a 0.2%
    Discover Bank $55,000 $130,000 136.4% 0.2%
    CMG MORTGAGE, INC. $175,000 $125,000 -28.6% 0.2%
    Independence Bank of Kentucky $125,000 $125,000 0.0% 0.2%
    Waterstone Mortgage Corporation $115,000 n/a 0.2%
    LEADERONE FINANCIAL CORPORATION $565,000 $110,000 -80.5% 0.2%
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. $105,000 n/a 0.2%
    COMPASS MORTGAGE, INC. $105,000 n/a 0.2%
    SOUTHWEST STAGE FUNDING, LLC $105,000 n/a 0.2%
    Wells Fargo Bank $605,000 $95,000 -84.3% 0.2%
    BROKER SOLUTIONS, INC. $635,000 $85,000 -86.6% 0.1%
    CRESCENT MORTGAGE COMPANY $135,000 $85,000 -37.0% 0.1%
    NEWREZ LLC $85,000 n/a 0.1%
    JPMorgan Chase Bank $340,000 $75,000 -77.9% 0.1%
    NAVY FEDERAL CREDIT UNION $315,000 $55,000 -82.5% 0.1%
    FNB Bank, Inc. $50,000 n/a 0.1%
    Coastal Community Bank $30,000 n/a 0.0%
    Figure Lending LLC $15,000 $25,000 66.7% 0.0%
    FirstBank $25,000 n/a 0.0%
    INSOUTH Bank $25,000 n/a 0.0%

    Union City's top lender by overall market share is Commercial Bank & Trust Co., with 14.8% market share. In second place, with 9.5%, is First Citizens National Bank, having originated $5,880,000 in loans. In third place, with 9.3%, is Leaders Credit Union, having originated $5,755,000 in loans. In fourth place, with 7.5%, is QUICKEN LOANS, LLC, having originated $4,635,000 in loans. In fifth place, with 5.6%, is Regions Bank, having originated $3,455,000 in loans.

    Union City Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Union City (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 $114,900 (7.0%) $140,077 (10.2%) 0.00 133
    2018-02-01 $119,250 (8.5%) $144,420 (11.7%) 0.00 140
    2018-03-01 $117,450 (4.8%) $147,965 (12.4%) 0.00 147
    2018-04-01 $119,900 (4.3%) $155,299 (17.2%) 0.00 150
    2018-05-01 $119,450 (0.6%) $148,546 (11.4%) 0.00 149
    2018-06-01 $119,900 (0.4%) $143,954 (7.7%) 0.00 153
    2018-07-01 $129,600 (8.1%) $151,712 (14.2%) 0.00 156
    2018-08-01 $134,200 (9.6%) $156,051 (15.7%) 0.00 156
    2018-09-01 $120,000 (0.0%) $151,694 (11.1%) 0.00 147
    2018-10-01 $119,900 (3.9%) $141,610 (6.4%) 0.00 143
    2018-11-01 $124,750 (8.6%) $141,972 (6.3%) 0.00 141
    2018-12-01 $129,700 (13.3%) $143,512 (4.7%) 0.00 124
    2019-01-01 $122,450 (6.6%) $137,691 (-1.7%) 0.00 131
    2019-02-01 $119,900 (0.6%) $138,251 (-4.3%) 0.00 120
    2019-03-01 $131,136 (11.7%) $146,467 (-1.0%) 0.00 105
    2019-04-01 $138,411 (15.4%) $153,418 (-1.2%) 0.00 90
    2019-05-01 $131,250 (9.9%) $151,118 (1.7%) 0.00 91
    2019-06-01 $137,000 (14.3%) $154,311 (7.2%) 0.00 91
    2019-07-01 $131,825 (1.7%) $153,921 (1.5%) 0.00 88
    2019-08-01 $133,936 (-0.2%) $155,961 (-0.1%) 0.00 84
    2019-09-01 $133,916 (11.6%) $157,211 (3.6%) 0.00 77
    2019-10-01 $133,902 (11.7%) $158,037 (11.6%) 0.00 71
    2019-11-01 $133,900 (7.3%) $154,666 (8.9%) 0.00 64
    2019-12-01 $132,450 (2.1%) $156,678 (9.2%) 0.00 64
    2020-01-01 $129,900 (6.1%) $156,161 (13.4%) 0.00 67
    2020-02-01 $134,900 (12.5%) $162,850 (17.8%) 0.00 67
    2020-03-01 $132,400 (1.0%) $172,465 (17.8%) 0.00 69
    2020-04-01 $133,675 (-3.4%) $180,381 (17.6%) 0.00 61
    2020-05-01 $144,900 (10.4%) $193,291 (27.9%) 0.00 52
    2020-06-01 $149,500 (9.1%) $189,783 (23.0%) 0.00 53
    2020-07-01 $149,700 (13.6%) $187,670 (21.9%) 0.00 45
    2020-08-01 $149,500 (11.6%) $179,827 (15.3%) 0.00 39
    2020-09-01 $146,050 (9.1%) $184,529 (17.4%) 0.00 42
    2020-10-01 $147,200 (9.9%) $187,710 (18.8%) 0.00 41
    2020-11-01 $150,000 (12.0%) $227,690 (47.2%) 0.00 37
    2020-12-01 $129,900 (-1.9%) $207,210 (32.3%) 0.00 35
    2021-01-01 $149,750 (15.3%) $224,545 (43.8%) 0.00 35
    2021-02-01 $149,625 (10.9%) $231,845 (42.4%) 0.00 32
    2021-03-01 $157,875 (19.2%) $241,690 (40.1%) 0.00 26
    2021-04-01 $192,350 (43.9%) $239,775 (32.9%) 0.00 29
    2021-05-01 $182,500 (26.0%) $239,604 (24.0%) 0.00 23
    2021-06-01 $188,100 (25.8%) $232,929 (22.7%) 0.00 27
    2021-07-01 $169,000 (12.9%) $224,741 (19.8%) 0.00 30
    2021-08-01 $172,225 (15.2%) $229,420 (27.6%) 0.00 33
    2021-09-01 $145,250 (-0.6%) $194,677 (5.5%) 0.00 37
    2021-10-01 $159,950 (8.7%) $217,995 (16.1%) 0.00 34
    2021-11-01 $156,000 (4.0%) $204,033 (-10.4%) 0.00 35
    2021-12-01 $157,225 (21.0%) $198,037 (-4.4%) 0.00 33
    2022-01-01 $144,900 (-3.2%) $171,363 (-23.7%) 0.00 27
    2022-02-01 $142,450 (-4.8%) $154,421 (-33.4%) 0.00 23
    2022-03-01 $144,975 (-8.2%) $196,055 (-18.9%) 0.00 25
    2022-04-01 $145,000 (-24.6%) $208,477 (-13.1%) 0.00 20
    2022-05-01 $138,625 (-24.0%) $189,575 (-20.9%) 0.00 20
    2022-06-01 $140,575 (-25.3%) $181,117 (-22.2%) 0.00 23
    2022-07-01 $149,900 (-11.3%) $167,162 (-25.6%) 0.00 33
    2022-08-01 $169,750 (-1.4%) $207,699 (-9.5%) 0.00 39
    2022-09-01 $159,475 (9.8%) $220,403 (13.2%) 0.00 44
    2022-10-01 $159,500 (-0.3%) $206,776 (-5.2%) 0.00 50
    2022-11-01 $154,700 (-0.8%) $200,768 (-1.6%) 0.00 53
    2022-12-01 $159,900 (1.7%) $201,811 (1.9%) 0.00 55
    2023-01-01 $160,000 (10.4%) $218,483 (27.5%) 0.00 56
    2023-02-01 $165,000 (15.8%) $220,762 (43.0%) 0.00 57
    2023-03-01 $182,300 (25.8%) $216,026 (10.2%) 0.00 50
    2023-04-01 $187,000 (29.0%) $227,838 (9.3%) 0.00 42
    2023-05-01 $176,200 (27.1%) $202,532 (6.8%) 0.00 39
    2023-06-01 $177,975 (26.6%) $202,916 (12.0%) 0.00 42
    2023-07-01 $175,900 (17.3%) $202,858 (21.4%) 0.00 38
    2023-08-01 $194,688 (14.7%) $218,562 (5.2%) 0.00 45
    2023-09-01 $209,000 (31.1%) $231,415 (5.0%) 0.00 52
    2023-10-01 $213,700 (34.0%) $228,877 (10.7%) 0.00 52
    2023-11-01 $209,450 (35.4%) $228,204 (13.7%) 0.00 55
    2023-12-01 $214,900 (34.4%) $230,335 (14.1%) 0.00 53
    2024-01-01 $213,200 (33.3%) $219,139 (0.3%) 0.00 53
    2024-02-01 $197,450 (19.7%) $202,963 (-8.1%) 0.00 53
    2024-03-01 $199,999 (9.7%) $230,179 (6.6%) 0.00 55
    Union City's median listing price for 2024-03-01 was $199,999, a difference of $17,699 (9.7%) versus the prior year and $2,549 versus the prior month.

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

    Union City's average listing price for 2024-03-01 was $230,179, a difference of $14,153 (6.6%) versus the prior year and $27,216 versus the prior month.

    For the 2024-03-01 period, Union City had 55 MLS listings, a difference of 2 listings (4%) versus the prior month and 5 listings (10%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Union City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,729 sqft
    2018-02-01 0 days 1,731 sqft
    2018-03-01 0 days 1,796 sqft
    2018-04-01 0 days 1,862 sqft
    2018-05-01 0 days 1,834 sqft
    2018-06-01 0 days 1,792 sqft
    2018-07-01 0 days 1,809 sqft
    2018-08-01 0 days 1,823 sqft
    2018-09-01 0 days 1,800 sqft
    2018-10-01 0 days 1,713 sqft
    2018-11-01 0 days 1,684 sqft
    2018-12-01 0 days 1,590 sqft
    2019-01-01 0 days 1,591 sqft
    2019-02-01 0 days 1,616 sqft
    2019-03-01 0 days 1,694 sqft
    2019-04-01 0 days 1,716 sqft
    2019-05-01 0 days 1,652 sqft
    2019-06-01 0 days 1,728 sqft
    2019-07-01 0 days 1,718 sqft
    2019-08-01 0 days 1,720 sqft
    2019-09-01 0 days 1,716 sqft
    2019-10-01 0 days 1,713 sqft
    2019-11-01 0 days 1,701 sqft
    2019-12-01 0 days 1,710 sqft
    2020-01-01 0 days 1,722 sqft
    2020-02-01 0 days 1,747 sqft
    2020-03-01 0 days 1,745 sqft
    2020-04-01 0 days 1,745 sqft
    2020-05-01 0 days 1,832 sqft
    2020-06-01 0 days 1,841 sqft
    2020-07-01 0 days 1,769 sqft
    2020-08-01 0 days 1,680 sqft
    2020-09-01 0 days 1,776 sqft
    2020-10-01 0 days 1,855 sqft
    2020-11-01 0 days 1,914 sqft
    2020-12-01 0 days 1,680 sqft
    2021-01-01 0 days 1,804 sqft
    2021-02-01 0 days 1,804 sqft
    2021-03-01 0 days 1,758 sqft
    2021-04-01 0 days 1,857 sqft
    2021-05-01 0 days 1,974 sqft
    2021-06-01 0 days 1,898 sqft
    2021-07-01 0 days 1,644 sqft
    2021-08-01 0 days 1,607 sqft
    2021-09-01 0 days 1,561 sqft
    2021-10-01 0 days 1,624 sqft
    2021-11-01 0 days 1,687 sqft
    2021-12-01 0 days 1,696 sqft
    2022-01-01 0 days 1,586 sqft
    2022-02-01 0 days 1,480 sqft
    2022-03-01 0 days 1,531 sqft
    2022-04-01 0 days 1,565 sqft
    2022-05-01 0 days 1,427 sqft
    2022-06-01 0 days 1,447 sqft
    2022-07-01 0 days 1,337 sqft
    2022-08-01 0 days 1,589 sqft
    2022-09-01 0 days 1,548 sqft
    2022-10-01 0 days 1,572 sqft
    2022-11-01 0 days 1,563 sqft
    2022-12-01 0 days 1,563 sqft
    2023-01-01 0 days 1,535 sqft
    2023-02-01 0 days 1,476 sqft
    2023-03-01 0 days 1,509 sqft
    2023-04-01 0 days 1,549 sqft
    2023-05-01 0 days 1,559 sqft
    2023-06-01 0 days 1,547 sqft
    2023-07-01 0 days 1,518 sqft
    2023-08-01 0 days 1,532 sqft
    2023-09-01 0 days 1,648 sqft
    2023-10-01 0 days 1,700 sqft
    2023-11-01 0 days 1,636 sqft
    2023-12-01 0 days 1,772 sqft
    2024-01-01 0 days 1,650 sqft
    2024-02-01 0 days 1,634 sqft
    2024-03-01 0 days 1,756 sqft
    Union City's median listing age (time on market) for 2024-03-01 was 0 days.

    Union City's median square footage for active listings during the 2024-03-01 period was 1,756 sqft. One year prior, the average listing was 1,509 sqft.

    Union City, TN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 239 $39,405,000 $164,874
    Refi 84 $8,890,000 $105,833
    Home Improvement 62 $3,700,000 $59,677
    Other 59 $2,985,000 $50,593
    Cash Out Refi 52 $7,010,000 $134,808

    Union City's most frequently cited loan purpose was Home Purchase, with 239 originations. The 2nd most popular reason was Refi, with 84 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 123 $17,885,000 $145,407
    Over 8% 86 $6,100,000 $70,930
    7-8% 83 $9,805,000 $118,133
    5-6% 54 $9,650,000 $178,704
    <2.5% 9 $2,885,000 $320,556
    4-5% 1 $115,000 $115,000
    2.5-3% 1 $205,000 $205,000

    During 2023, Union City's most frequently originated rate bucket was 6-7%, with 123 originations.

    Loan Sizing (Union City, TN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 249 $13,485,000 $54,157
    $100k-200k 173 $24,295,000 $140,434
    $200k-400k 63 $15,535,000 $246,587
    $400k-600k 7 $3,455,000 $493,571
    $600k-1000k 2 $1,270,000 $635,000
    $Over $1MM 2 $3,950,000 $1,975,000

    Union City's loan sizing saw the bucket of loans from $100,000 or less with 249 originations, totaling $13,485,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 150 $23,660,000 $157,733
    60-80% 66 $10,020,000 $151,818
    20-40% 55 $3,615,000 $65,727
    Under 20% 44 $1,180,000 $26,818
    40-60% 35 $3,885,000 $111,000
    Over 100% 9 $4,295,000 $477,222

    Union City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 150 originations, totaling $23,660,000 in origination value.