Union City Mortgage Rates
30 Year Fixed Rate mortgages in Union City averaged
5.84%
for the week of 2022-06-30, compared to the national average of
5.7% for the same period.
The average rate for the prior week (2022-06-23) was
6.05% and
one month ago for the week of 2022-05-26, the
average rate was 5.34%.
Union City's average rate one year ago was 3.51%.
For refis of the same type during the week of 2022-06-30, the average rate
was 5.85%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
Union City 30 Year Fixed Rate | 2022-06-30 | 5.84% |
Union City 30 Year Fixed Rate Refi | 2022-06-30 | 5.85% |
Union City 15 Year Fixed Rate | 2022-06-30 | 5.7% |
Union City 15 Year Fixed Rate Refi | 2022-06-30 | 5.62% |
Union City 30 Year FHA | 2022-06-30 | 5.81% |
Union City 30 Year FHA Refi | 2022-06-30 | 5.61% |
Union City 30 Year USDA | 2022-06-30 | 5.85% |
Union City 30 Year USDA Refi | 2022-06-30 | 3.32% |
Union City 30 Year VA | 2022-06-30 | 5.65% |
Union City 30 Year VA Refi | 2022-06-30 | 5.15% |
Union City Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, 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.).
Union City, TN's 39 lenders originated 664
loans during 2021. The total origination value was $94,070,000, with an average loan value of
$141,672.
The top Union City lender as defined by loan originations is Leaders Credit Union, with
27 loans originated. Their average total fees are
$2,126, which is $2,525
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Union City lenders (with over 10 loans originated) are
Regions Bank ($1,771), Leaders Credit Union ($2,126), Simmons Bank ($2,379), First Citizens National Bank ($2,623) and QUICKEN LOANS, LLC ($4,651).
The lowest rate Union City lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (3.20%), Simmons Bank (3.22%), First Citizens National Bank (3.28%), Leaders Credit Union (3.31%) and Regions Bank (3.56%).
Union City, TN Lender Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
Name | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
First Citizens National Bank | $8,225,000 | $11,270,000 | 37.0% | 12.0% |
Commercial Bank & Trust Co. | $9,060,000 | $10,460,000 | 15.5% | 11.1% |
QUICKEN LOANS, LLC | $7,205,000 | $9,740,000 | 35.2% | 10.4% |
Simmons Bank | $8,660,000 | $8,375,000 | -3.3% | 8.9% |
Leaders Credit Union | $4,760,000 | $6,880,000 | 44.5% | 7.3% |
Triumph Bank | $7,000,000 | $6,775,000 | -3.2% | 7.2% |
Regions Bank | $4,930,000 | $6,420,000 | 30.2% | 6.8% |
Mortgage Research Center, LLC | $860,000 | $3,410,000 | 296.5% | 3.6% |
FIRST COMMUNITY MORTGAGE, INC. | $1,785,000 | $2,245,000 | 25.8% | 2.4% |
FREEDOM MORTGAGE CORPORATION | $1,280,000 | $1,555,000 | 21.5% | 1.7% |
U. T. | $955,000 | $1,360,000 | 42.4% | 1.4% |
LOANDEPOT.COM, LLC | $540,000 | $1,265,000 | 134.3% | 1.3% |
Legends Bank | $955,000 | n/a | 1.0% | |
Mr. Cooper ( Nationstar Mortgage ) | $525,000 | $940,000 | 79.0% | 1.0% |
MORTGAGE INVESTORS GROUP, INC. | $400,000 | $840,000 | 110.0% | 0.9% |
BETTER MORTGAGE CORPORATION | $815,000 | n/a | 0.9% | |
AMERISAVE MORTGAGE CORPORATION | $765,000 | n/a | 0.8% | |
VILLAGE CAPITAL & INVESTMENT LLC | $65,000 | $765,000 | 1,076.9% | 0.8% |
Wells Fargo Bank | $105,000 | $765,000 | 628.6% | 0.8% |
First Financial Bank | $405,000 | $680,000 | 67.9% | 0.7% |
BROKER SOLUTIONS, INC. | $645,000 | n/a | 0.7% | |
Citizens Bank | $230,000 | $625,000 | 171.7% | 0.7% |
21ST MORTGAGE CORPORATION | $800,000 | $590,000 | -26.3% | 0.6% |
Farm Credit Mid-America, ACA | $285,000 | $565,000 | 98.2% | 0.6% |
HOMESIDE FINANCIAL, LLC | $255,000 | $505,000 | 98.0% | 0.5% |
LAKEVIEW LOAN SERVICING, LLC | $295,000 | $500,000 | 69.5% | 0.5% |
MID AMERICA MORTGAGE, INC. | $385,000 | $480,000 | 24.7% | 0.5% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $85,000 | $480,000 | 464.7% | 0.5% |
SUN WEST MORTGAGE COMPANY, INC. | $450,000 | n/a | 0.5% | |
U.S. Bank | $875,000 | $410,000 | -53.1% | 0.4% |
First Guaranty Mortgage Corporation | $405,000 | n/a | 0.4% | |
PENNYMAC LOAN SERVICES, LLC | $140,000 | $395,000 | 182.1% | 0.4% |
RELIANCE FIRST CAPITAL, LLC | $65,000 | $395,000 | 507.7% | 0.4% |
Bank of England | $370,000 | n/a | 0.4% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $210,000 | $370,000 | 76.2% | 0.4% |
Pinnacle Bank | $45,000 | $370,000 | 722.2% | 0.4% |
CHURCHILL MORTGAGE CORPORATION | $125,000 | $355,000 | 184.0% | 0.4% |
NEW DAY FINANCIAL, LLC | $380,000 | $345,000 | -9.2% | 0.4% |
FirstBank | $125,000 | $340,000 | 172.0% | 0.4% |
CALIBER HOME LOANS, INC. | $95,000 | $305,000 | 221.1% | 0.3% |
POLARIS HOME FUNDING CORP. | $305,000 | n/a | 0.3% | |
HOME POINT FINANCIAL CORPORATION | $185,000 | $300,000 | 62.2% | 0.3% |
Paramount Residential Mortgage Group, Inc. | $295,000 | n/a | 0.3% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $275,000 | n/a | 0.3% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $185,000 | $265,000 | 43.2% | 0.3% |
NP, Inc. | $245,000 | n/a | 0.3% | |
JPMorgan Chase Bank | $240,000 | n/a | 0.3% | |
1ST SIGNATURE LENDING, LLC | $235,000 | n/a | 0.2% | |
GENEVA FINANCIAL, LLC | $235,000 | n/a | 0.2% | |
Wolfe Financial, Inc | $330,000 | $230,000 | -30.3% | 0.2% |
InterContinental Capital Group, Inc | $225,000 | n/a | 0.2% | |
STOCKTON MORTGAGE CORPORATION | $85,000 | $225,000 | 164.7% | 0.2% |
Carrington Mortgage Services, LLC | $85,000 | $220,000 | 158.8% | 0.2% |
First Federal Bank | $220,000 | n/a | 0.2% | |
CRESCENT MORTGAGE COMPANY | $215,000 | n/a | 0.2% | |
Plains Commerce Bank | $215,000 | n/a | 0.2% | |
EVANSVILLE TEACHERS | $135,000 | $210,000 | 55.6% | 0.2% |
Ally Bank | $115,000 | $205,000 | 78.3% | 0.2% |
ASCEND FEDERAL CREDIT UNION | $205,000 | n/a | 0.2% | |
NAVY FEDERAL CREDIT UNION | $140,000 | $205,000 | 46.4% | 0.2% |
UNITED WHOLESALE MORTGAGE, LLC | $1,205,000 | $205,000 | -83.0% | 0.2% |
AmeriHome Mortgage Company, LLC | $195,000 | n/a | 0.2% | |
Cornerstone First Mortgage, Inc | $185,000 | n/a | 0.2% | |
First Home Bank | $185,000 | n/a | 0.2% | |
GUARANTEED RATE, INC. | $175,000 | $180,000 | 2.9% | 0.2% |
FIRST SOUTH FINANCIAL | $175,000 | n/a | 0.2% | |
LOANPAL, LLC | $175,000 | n/a | 0.2% | |
Reliant Bank | $175,000 | n/a | 0.2% | |
SOUTHERN TRUST MORTGAGE, LLC | $175,000 | n/a | 0.2% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $155,000 | n/a | 0.2% | |
Wyndham Capital Mortgage, Inc. | $155,000 | n/a | 0.2% | |
First Horizon Bank | $145,000 | n/a | 0.2% | |
Low VA Rates, LLC | $125,000 | $145,000 | 16.0% | 0.2% |
AMERICAN FINANCING CORPORATION | $105,000 | $135,000 | 28.6% | 0.1% |
F&M Bank | $135,000 | n/a | 0.1% | |
ACOPIA, LLC | $175,000 | $125,000 | -28.6% | 0.1% |
Colten Mortgage, LLC | $125,000 | n/a | 0.1% | |
Hometown Equity Mortgage, LLC | $105,000 | $125,000 | 19.0% | 0.1% |
OCEANSIDE MORTGAGE COMPANY | $125,000 | n/a | 0.1% | |
SOUTHWEST FUNDING, LP | $335,000 | $125,000 | -62.7% | 0.1% |
Magnolia Bank | $135,000 | $115,000 | -14.8% | 0.1% |
AMERICAN ADVISORS GROUP | $105,000 | n/a | 0.1% | |
Colonial Savings, F.A. | $105,000 | n/a | 0.1% | |
RUOFF MORTGAGE COMPANY, INC. | $95,000 | n/a | 0.1% | |
Secured Investment Corp. | $95,000 | n/a | 0.1% | |
Centennial Bank | $85,000 | $85,000 | 0.0% | 0.1% |
USAA Federal Savings Bank | $55,000 | $75,000 | 36.4% | 0.1% |
NEWREZ LLC | $160,000 | $65,000 | -59.4% | 0.1% |
TOWNE MORTGAGE COMPANY | $65,000 | n/a | 0.1% | |
The Bank of Missouri | $55,000 | n/a | 0.1% | |
ASHLAND Credit Union | $45,000 | n/a | 0.0% | |
SPRING EQ, LLC | $45,000 | n/a | 0.0% | |
BancorpSouth Bank | $25,000 | n/a | 0.0% |
Union City's top lender by overall market share is First Citizens National Bank, with 12.0% market share. In second place, with 11.1%, is Commercial Bank & Trust Co., having originated $10,460,000 in loans. In third place, with 10.4%, is QUICKEN LOANS, LLC, having originated $9,740,000 in loans. In third place, with 8.9%, is Simmons Bank, having originated $8,375,000 in loans. In third place, with 7.3%, is Leaders Credit Union, having originated $6,880,000 in loans.
Union City, TN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 325 | $47,925,000 | $147,462 |
Refi | 198 | $28,690,000 | $144,899 |
Cash Out Refi | 110 | $15,520,000 | $141,091 |
Home Improvement | 16 | $840,000 | $52,500 |
Other | 15 | $1,095,000 | $73,000 |
Union City's most frequently cited loan purpose was Home Purchase, with 325 originations. The 2nd most popular reason was Refi, with 198 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 230 | $30,980,000 | $134,696 |
2.5-3% | 224 | $34,680,000 | $154,821 |
<2.5% | 79 | $12,575,000 | $159,177 |
4-5% | 22 | $2,330,000 | $105,909 |
5-6% | 20 | $1,180,000 | $59,000 |
Over 8% | 8 | $640,000 | $80,000 |
6-7% | 6 | $340,000 | $56,667 |
7-8% | 6 | $440,000 | $73,333 |
During 2021, Union City's most frequently originated rate bucket was 3-4%, with 230 originations.
Loan Sizing (Union City, TN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 316 | $44,410,000 | $140,538 |
$100,000 or less | 226 | $15,030,000 | $66,504 |
$200k-400k | 112 | $28,740,000 | $256,607 |
$400k-600k | 9 | $4,445,000 | $493,889 |
$Over $1MM | 1 | $1,445,000 | $1,445,000 |
Union City's loan sizing saw the bucket of loans from $100k-200k with 316 originations, totaling $44,410,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 306 | $48,100,000 | $157,190 |
60-80% | 154 | $22,690,000 | $147,338 |
40-60% | 66 | $6,700,000 | $101,515 |
20-40% | 34 | $2,160,000 | $63,529 |
Under 20% | 14 | $500,000 | $35,714 |
Over 100% | 6 | $1,260,000 | $210,000 |
Union City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 306 originations, totaling $48,100,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Union City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $109,000 (3.9%) | $126,380 (2.7%) | 0.00 | 163 |
2018-02-01 | $110,000 (7.3%) | $130,570 (5.6%) | 0.00 | 169 |
2018-03-01 | $110,000 (0.1%) | $137,587 (8.2%) | 0.00 | 168 |
2018-04-01 | $112,200 (-2.4%) | $143,037 (11.5%) | 0.00 | 175 |
2018-05-01 | $109,950 (-7.4%) | $136,143 (4.6%) | 0.00 | 173 |
2018-06-01 | $110,000 (-6.0%) | $134,451 (5.2%) | 0.00 | 180 |
2018-07-01 | $116,200 (0.3%) | $140,889 (11.8%) | 0.00 | 179 |
2018-08-01 | $118,500 (0.4%) | $144,758 (14.0%) | 0.00 | 182 |
2018-09-01 | $118,500 (4.0%) | $141,596 (12.1%) | 0.00 | 165 |
2018-10-01 | $112,700 (3.0%) | $134,518 (9.6%) | 0.00 | 160 |
2018-11-01 | $115,950 (8.5%) | $135,023 (9.6%) | 0.00 | 159 |
2018-12-01 | $119,000 (11.2%) | $135,457 (6.8%) | 0.00 | 139 |
2019-01-01 | $115,000 (5.5%) | $131,849 (4.3%) | 0.00 | 143 |
2019-02-01 | $114,950 (4.5%) | $134,658 (3.1%) | 0.00 | 130 |
2019-03-01 | $115,000 (4.6%) | $138,132 (0.4%) | 0.00 | 120 |
2019-04-01 | $115,000 (2.5%) | $139,944 (-2.2%) | 0.00 | 108 |
2019-05-01 | $115,000 (4.6%) | $138,211 (1.5%) | 0.00 | 109 |
2019-06-01 | $115,000 (4.6%) | $141,594 (5.3%) | 0.00 | 112 |
2019-07-01 | $106,400 (-8.4%) | $133,665 (-5.1%) | 0.00 | 112 |
2019-08-01 | $95,614 (-19.3%) | $125,466 (-13.3%) | 0.00 | 118 |
2019-09-01 | $90,614 (-23.5%) | $119,209 (-15.8%) | 0.00 | 111 |
2019-10-01 | $98,500 (-12.6%) | $125,422 (-6.8%) | 0.00 | 105 |
2019-11-01 | $99,500 (-14.2%) | $129,563 (-4.0%) | 0.00 | 94 |
2019-12-01 | $115,750 (-2.7%) | $134,141 (-1.0%) | 0.00 | 88 |
2020-01-01 | $111,700 (-2.9%) | $134,939 (2.3%) | 0.00 | 89 |
2020-02-01 | $117,500 (2.2%) | $143,814 (6.8%) | 0.00 | 86 |
2020-03-01 | $118,700 (3.2%) | $155,211 (12.4%) | 0.00 | 87 |
2020-04-01 | $119,900 (4.3%) | $158,786 (13.5%) | 0.00 | 77 |
2020-05-01 | $129,800 (12.9%) | $176,378 (27.6%) | 0.00 | 67 |
2020-06-01 | $143,400 (24.7%) | $176,509 (24.7%) | 0.00 | 66 |
2020-07-01 | $147,400 (38.5%) | $179,902 (34.6%) | 0.00 | 59 |
2020-08-01 | $144,900 (51.6%) | $175,276 (39.7%) | 0.00 | 53 |
2020-09-01 | $137,200 (51.4%) | $181,645 (52.4%) | 0.00 | 52 |
2020-10-01 | $129,900 (31.9%) | $165,974 (32.3%) | 0.00 | 54 |
2020-11-01 | $129,500 (30.2%) | $203,196 (56.8%) | 0.00 | 48 |
2020-12-01 | $129,500 (11.9%) | $179,914 (34.1%) | 0.00 | 49 |
2021-01-01 | $130,000 (16.4%) | $189,654 (40.6%) | 0.00 | 47 |
2021-02-01 | $130,000 (10.6%) | $205,204 (42.7%) | 0.00 | 41 |
2021-03-01 | $147,750 (24.5%) | $209,377 (34.9%) | 0.00 | 34 |
2021-04-01 | $174,950 (45.9%) | $206,501 (30.1%) | 0.00 | 41 |
2021-05-01 | $150,000 (15.6%) | $214,414 (21.6%) | 0.00 | 28 |
2021-06-01 | $168,700 (17.6%) | $217,767 (23.4%) | 0.00 | 29 |
2021-07-01 | $150,000 (1.8%) | $209,457 (16.4%) | 0.00 | 34 |
2021-08-01 | $162,400 (12.1%) | $209,763 (19.7%) | 0.00 | 41 |
2021-09-01 | $144,000 (5.0%) | $186,889 (2.9%) | 0.00 | 44 |
2021-10-01 | $150,000 (15.5%) | $198,421 (19.6%) | 0.00 | 41 |
2021-11-01 | $145,750 (12.6%) | $186,322 (-8.3%) | 0.00 | 45 |
2021-12-01 | $152,500 (17.8%) | $183,989 (2.3%) | 0.00 | 42 |
2022-01-01 | $149,000 (14.6%) | $164,606 (-13.2%) | 0.00 | 35 |
2022-02-01 | $143,000 (10.0%) | $146,874 (-28.4%) | 0.00 | 33 |
2022-03-01 | $144,950 (-1.9%) | $184,189 (-12.0%) | 0.00 | 33 |
2022-04-01 | $132,500 (-24.3%) | $171,367 (-17.0%) | 0.00 | 29 |
2022-05-01 | $129,200 (-13.9%) | $163,506 (-23.7%) | 0.00 | 32 |
2022-06-01 | $128,700 (-23.7%) | $161,532 (-25.8%) | 0.00 | 33 |
Union City's median listing price comes in at 0% of the national average.
Union City's average listing price for 2022-06-01 was $161,532, a difference of $-56,235 (-25.8%) versus the prior year and $-1,974 versus the prior month.
For the 2022-06-01 period, Union City had 33 MLS listings, a difference of 1 listings (3%) versus the prior month and 4 listings (14%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Union City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,708 sqft |
2018-02-01 | 0 days | 1,709 sqft |
2018-03-01 | 0 days | 1,731 sqft |
2018-04-01 | 0 days | 1,771 sqft |
2018-05-01 | 0 days | 1,783 sqft |
2018-06-01 | 0 days | 1,737 sqft |
2018-07-01 | 0 days | 1,792 sqft |
2018-08-01 | 0 days | 1,800 sqft |
2018-09-01 | 0 days | 1,800 sqft |
2018-10-01 | 0 days | 1,715 sqft |
2018-11-01 | 0 days | 1,708 sqft |
2018-12-01 | 0 days | 1,645 sqft |
2019-01-01 | 0 days | 1,600 sqft |
2019-02-01 | 0 days | 1,663 sqft |
2019-03-01 | 0 days | 1,700 sqft |
2019-04-01 | 0 days | 1,711 sqft |
2019-05-01 | 0 days | 1,680 sqft |
2019-06-01 | 0 days | 1,728 sqft |
2019-07-01 | 0 days | 1,713 sqft |
2019-08-01 | 0 days | 1,699 sqft |
2019-09-01 | 0 days | 1,680 sqft |
2019-10-01 | 0 days | 1,700 sqft |
2019-11-01 | 0 days | 1,693 sqft |
2019-12-01 | 0 days | 1,714 sqft |
2020-01-01 | 0 days | 1,751 sqft |
2020-02-01 | 0 days | 1,740 sqft |
2020-03-01 | 0 days | 1,776 sqft |
2020-04-01 | 0 days | 1,751 sqft |
2020-05-01 | 0 days | 1,887 sqft |
2020-06-01 | 0 days | 1,887 sqft |
2020-07-01 | 0 days | 1,858 sqft |
2020-08-01 | 0 days | 1,828 sqft |
2020-09-01 | 0 days | 2,126 sqft |
2020-10-01 | 0 days | 1,950 sqft |
2020-11-01 | 0 days | 1,950 sqft |
2020-12-01 | 0 days | 1,750 sqft |
2021-01-01 | 0 days | 1,804 sqft |
2021-02-01 | 0 days | 1,804 sqft |
2021-03-01 | 0 days | 1,900 sqft |
2021-04-01 | 0 days | 1,960 sqft |
2021-05-01 | 0 days | 1,996 sqft |
2021-06-01 | 0 days | 1,900 sqft |
2021-07-01 | 0 days | 1,656 sqft |
2021-08-01 | 0 days | 1,615 sqft |
2021-09-01 | 0 days | 1,624 sqft |
2021-10-01 | 0 days | 1,987 sqft |
2021-11-01 | 0 days | 1,897 sqft |
2021-12-01 | 0 days | 1,874 sqft |
2022-01-01 | 0 days | 2,053 sqft |
2022-02-01 | 0 days | 1,825 sqft |
2022-03-01 | 0 days | 2,108 sqft |
2022-04-01 | 0 days | 1,627 sqft |
2022-05-01 | 0 days | 1,574 sqft |
2022-06-01 | 0 days | 1,626 sqft |
Union City's median square footage for active listings during the 2022-06-01 period was 1,626 sqft. One year prior, the average listing was 1,900 sqft.