Union City Mortgage Rates

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  • Trends
  • Rates vs. Fees
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  • Market Share
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  • Time on Market/Property Size
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    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%
    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 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.).

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Leaders Credit Union 27 3.31% $2,126
    QUICKEN LOANS, LLC 24 3.20% $4,651
    Simmons Bank 23 3.22% $2,379
    First Citizens National Bank 16 3.28% $2,623
    Regions Bank 16 3.56% $1,771
    Triumph Bank 9 2.96% $3,249
    AMERISAVE MORTGAGE CORPORATION 5 3.05% $3,842
    First Financial Bank 5 4.05% $2,691
    LOANDEPOT.COM, LLC 3 3.13% $5,240
    FIRST COMMUNITY MORTGAGE, INC. 3 2.88% $5,018
    MORTGAGE INVESTORS GROUP, INC. 3 3.21% $3,281
    U. T. 3 3.08% $5,754
    BETTER MORTGAGE CORPORATION 2 2.81% $2,561
    Citizens Bank 2 3.31% $1,967
    Legends Bank 2 3.18% $3,504
    HOMESIDE FINANCIAL, LLC 2 3.00% $3,265
    Wells Fargo Bank 2 4.00% $4,073
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.63% $3,548
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.99% $7,676
    Reliant Bank 1 3.25% $3,426
    The Bank of Missouri 1 3.25% $2,420
    UNITED WHOLESALE MORTGAGE, LLC 1 3.63% $1,920
    Wolfe Financial, Inc 1 2.75% $4,365
    ASCEND FEDERAL CREDIT UNION 1 2.99% $2,801
    ASHLAND Credit Union 1 4.25% $2,396
    Bank of England 1 3.13% $3,385
    BROKER SOLUTIONS, INC. 1 3.38% $5,093
    F&M Bank 1 3.50% $1,609
    GUARANTEED RATE, INC. 1 3.50% $3,193
    HOME POINT FINANCIAL CORPORATION 1 3.75% $3,972
    JPMorgan Chase Bank 1 3.25% $2,777
    LOANPAL, LLC 1 3.25% $5,010
    Magnolia Bank 1 3.25% $2,310
    Mortgage Research Center, LLC 1 2.75% $2,732
    Mr. Cooper ( Nationstar Mortgage ) 1 3.63% $3,792
    MUTUAL OF OMAHA MORTGAGE, INC. 1 2.75% $6,497
    PENNYMAC LOAN SERVICES, LLC 1 3.88% $5,470
    Pinnacle Bank 1 2.88% $3,214
    Plains Commerce Bank 1 3.63% $4,066

    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. Louis
    Date 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 for 2022-06-01 was $128,700, a difference of $-40,000 (-23.7%) versus the prior year and $-500 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 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. Louis
    Date 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 listing age (time on market) for 2022-06-01 was 0 days.

    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.