Union Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Union averaged 7.04% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

The average rate for the prior week (2023-09-14) was 7.13% and one month ago for the week of 2023-08-17, the average rate was 6.94%.

Union's average rate one year ago was 6.17%.

For refis of the same type during the week of 2023-09-21, the average rate was 7.29%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-21 7.19%
Union 30 Year Fixed Rate 2023-09-21 7.04%
Union 30 Year Fixed Rate Refi 2023-09-21 7.29%
Union 15 Year Fixed Rate 2023-09-21 6.54%
Union 15 Year Fixed Rate Refi 2023-09-21 6.84%
Union 30 Year FHA 2023-09-21 7.14%
Union 30 Year FHA Refi 2023-09-21 6.84%
Union 30 Year USDA 2023-09-21 7.02%
Union 30 Year USDA Refi 2023-09-21 6.92%
Union 30 Year VA 2023-09-21 6.62%
Union 30 Year VA Refi 2023-09-21 6.62%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Union, SC.

Union 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, SC 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FOUNDERS FEDERAL CREDIT UNION 26 5.06% $2,373
Arthur State Bank 19 4.67% $3,453
QUICKEN LOANS, LLC 9 5.32% $5,629
South State Bank 6 5.42% $4,435
Wells Fargo Bank 4 6.13% $4,591
LOANDEPOT.COM, LLC 4 4.22% $4,277
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 5.42% $8,547
First-Citizens Bank & Trust Company 3 5.32% $4,084
MOVEMENT MORTGAGE, LLC 3 5.42% $4,735
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.69% $8,326
AMERISAVE MORTGAGE CORPORATION 2 4.44% $5,278
CROSSCOUNTRY MORTGAGE, LLC 2 8.19% $6,741
FREEDOM MORTGAGE CORPORATION 2 4.25% $3,628
CHURCHILL MORTGAGE CORPORATION 1 5.75% $3,617
ACOPIA, LLC 1 4.13% $6,589
Dollar Bank, Federal Savings Bank 1 6.88% $7,413
EQUITY RESOURCES, INC. 1 5.50% $3,012
21ST MORTGAGE CORPORATION 1 7.40% $4,817
BETTER MORTGAGE CORPORATION 1 5.38% $4,894
First Heritage Mortgage, LLC 1 6.00% $8,099
Flagstar Bank, FSB 1 3.63% $4,861
Barrington Bank & Trust Company, N.A. 1 4.99% $4,532
ZILLOW HOME LOANS, LLC 1 4.88% $5,297
HOMESIDE FINANCIAL, LLC 1 5.62% $3,860
JPMorgan Chase Bank 1 7.13% $500
Bank of America 1 6.50% $4,018
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 3.99% $6,800
Mr. Cooper ( Nationstar Mortgage ) 1 5.63% $6,963
NAVY FEDERAL CREDIT UNION 1 7.25% $5,624
Paramount Residential Mortgage Group, Inc. 1 6.13% $5,765
PENNYMAC LOAN SERVICES, LLC 1 4.50% $2,001
PHH Mortgage Corporation 1 5.88% $9,000
Pinnacle Bank 1 5.25% $8,662
PNC Bank 1 3.75% $4,504
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 4.25% $5,106
Ameris Bank 1 6.49% $4,184
Servion, Inc. 1 5.25% $6,213
SHARONVIEW FEDERAL CREDIT UNION 1 4.25% $4,705
SOUTH CAROLINA FEDERAL CREDIT UNION 1 5.50% $4,069
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.75% $3,868
STATE EMPLOYEES' 1 3.15% $3,053
Truist 1 4.38% $5,359
VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.80% $2,011
BROKER SOLUTIONS, INC. 1 6.63% $4,616
CALIBER HOME LOANS, INC. 1 4.38% $11,452

Union Average Closing Costs & Other Stats

Union, SC's 45 lenders originated 399 loans during 2022. The total origination value was $56,685,000, with an average loan value of $142,068.

Union's average closing costs are $4,570.

The top Union lender as defined by loan originations is FOUNDERS FEDERAL CREDIT UNION, with 26 loans originated. Their average total fees are $2,373, which is $1,080 lower than the next largest lender, Arthur State Bank.

The lowest fee Union lenders (with over 10 loans originated) are FOUNDERS FEDERAL CREDIT UNION ($2,373), Arthur State Bank ($3,453), .

The lowest rate Union lenders (with over 10 loans originated) are Arthur State Bank (4.67%), FOUNDERS FEDERAL CREDIT UNION (5.06%), .

Union, SC 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
FOUNDERS FEDERAL CREDIT UNION $2,715,000 $7,680,000 182.9% 13.5%
Arthur State Bank $10,720,000 $6,865,000 -36.0% 12.1%
QUICKEN LOANS, LLC $5,540,000 $4,215,000 -23.9% 7.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,450,000 $3,080,000 25.7% 5.4%
MOVEMENT MORTGAGE, LLC $1,710,000 $1,805,000 5.6% 3.2%
Mortgage Research Center, LLC $1,225,000 $1,700,000 38.8% 3.0%
South State Bank $830,000 $1,655,000 99.4% 2.9%
Wells Fargo Bank $1,065,000 $1,585,000 48.8% 2.8%
LOANDEPOT.COM, LLC $795,000 $1,545,000 94.3% 2.7%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $760,000 $1,205,000 58.6% 2.1%
Pinnacle Bank $1,110,000 n/a 2.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $905,000 $1,030,000 13.8% 1.8%
First-Citizens Bank & Trust Company $350,000 $945,000 170.0% 1.7%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $680,000 $800,000 17.6% 1.4%
NAVY FEDERAL CREDIT UNION $215,000 $775,000 260.5% 1.4%
CALIBER HOME LOANS, INC. $415,000 $740,000 78.3% 1.3%
FREEDOM MORTGAGE CORPORATION $1,690,000 $730,000 -56.8% 1.3%
PNC Bank $205,000 $680,000 231.7% 1.2%
Ameris Bank $185,000 $675,000 264.9% 1.2%
AgFirst Farm Credit Bank $1,755,000 $660,000 -62.4% 1.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $740,000 $655,000 -11.5% 1.2%
HOME POINT FINANCIAL CORPORATION $405,000 $560,000 38.3% 1.0%
NEW DAY FINANCIAL, LLC $835,000 $560,000 -32.9% 1.0%
Truist $550,000 $530,000 -3.6% 0.9%
Dollar Bank, Federal Savings Bank $505,000 n/a 0.9%
SHARONVIEW FEDERAL CREDIT UNION $400,000 $465,000 16.3% 0.8%
ON Q FINANCIAL, INC. $210,000 $460,000 119.0% 0.8%
CROSSCOUNTRY MORTGAGE, LLC $435,000 n/a 0.8%
GUILD MORTGAGE COMPANY $735,000 $420,000 -42.9% 0.7%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $390,000 n/a 0.7%
AMERISAVE MORTGAGE CORPORATION $210,000 $385,000 83.3% 0.7%
PENNYMAC LOAN SERVICES, LLC $965,000 $380,000 -60.6% 0.7%
ACOPIA, LLC $370,000 n/a 0.7%
NEWREZ LLC $315,000 $355,000 12.7% 0.6%
LAKEVIEW LOAN SERVICING, LLC $580,000 $340,000 -41.4% 0.6%
SOUTHWEST FUNDING, LP $260,000 $340,000 30.8% 0.6%
SUN WEST MORTGAGE COMPANY, INC. $340,000 n/a 0.6%
Carrington Mortgage Services, LLC $320,000 n/a 0.6%
21ST MORTGAGE CORPORATION $200,000 $305,000 52.5% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $445,000 $305,000 -31.5% 0.5%
TRIAD FINANCIAL SERVICES, INC. $300,000 n/a 0.5%
Barrington Bank & Trust Company, N.A. $295,000 n/a 0.5%
Boeing Employees Credit Union $295,000 n/a 0.5%
SOUTHWEST STAGE FUNDING, LLC $280,000 $285,000 1.8% 0.5%
Family Trust Federal Credit Union $280,000 n/a 0.5%
Servion, Inc. $255,000 n/a 0.4%
Flagstar Bank, FSB $150,000 $250,000 66.7% 0.4%
S. C. TELCO $250,000 n/a 0.4%
BROKER SOLUTIONS, INC. $240,000 n/a 0.4%
1ST SIGNATURE LENDING, LLC $310,000 $235,000 -24.2% 0.4%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $730,000 $230,000 -68.5% 0.4%
CHURCHILL MORTGAGE CORPORATION $135,000 $225,000 66.7% 0.4%
Bank of America $360,000 $220,000 -38.9% 0.4%
Citizens Building and Loan, SSB $205,000 n/a 0.4%
PHH Mortgage Corporation $205,000 n/a 0.4%
FINANCE OF AMERICA MORTGAGE LLC $185,000 $195,000 5.4% 0.3%
First Heritage Mortgage, LLC $1,515,000 $195,000 -87.1% 0.3%
Nations Lending Corporation $195,000 n/a 0.3%
TOWNE MORTGAGE COMPANY $195,000 n/a 0.3%
S. C. STATE FEDERAL CREDIT UNION $135,000 $190,000 40.7% 0.3%
JPMorgan Chase Bank $180,000 n/a 0.3%
GUARANTEED RATE, INC. $195,000 $175,000 -10.3% 0.3%
NFM, INC. $175,000 n/a 0.3%
LENDINGHOME FUNDING CORPORATION $170,000 n/a 0.3%
Blue Ridge Bank $400,000 $165,000 -58.8% 0.3%
CORNERSTONE HOME LENDING, INC. $165,000 n/a 0.3%
USAA Federal Savings Bank $165,000 $165,000 0.0% 0.3%
Wyndham Capital Mortgage, Inc. $165,000 n/a 0.3%
HOMEOWNERS FINANCIAL GROUP USA, LLC $155,000 n/a 0.3%
STATE EMPLOYEES' $225,000 $155,000 -31.1% 0.3%
LENDINGONE, LLC $150,000 n/a 0.3%
American Mortgage & Equity Consultants, Inc. $145,000 n/a 0.3%
MID AMERICA MORTGAGE, INC. $135,000 $145,000 7.4% 0.3%
NATIONS DIRECT MORTGAGE, LLC $175,000 $145,000 -17.1% 0.3%
HOMEBRIDGE FINANCIAL SERVICES, INC. $135,000 n/a 0.2%
Paramount Residential Mortgage Group, Inc. $105,000 $135,000 28.6% 0.2%
INTERLINC MORTGAGE SERVICES, LLC $130,000 n/a 0.2%
SOUTH CAROLINA FEDERAL CREDIT UNION $165,000 $130,000 -21.2% 0.2%
BETTER MORTGAGE CORPORATION $125,000 n/a 0.2%
Fifth Third Bank $115,000 n/a 0.2%
ZILLOW HOME LOANS, LLC $115,000 n/a 0.2%
FINANCE OF AMERICA REVERSE LLC $105,000 n/a 0.2%
RELIANCE FIRST CAPITAL, LLC $105,000 n/a 0.2%
LIMA ONE CAPITAL, LLC $95,000 n/a 0.2%
HOMESIDE FINANCIAL, LLC $105,000 $85,000 -19.0% 0.1%
Truliant Federal Credit Union $75,000 n/a 0.1%
ALLEGACY FEDERAL CREDIT UNION $65,000 n/a 0.1%
Citizens Bank $65,000 n/a 0.1%
COASTAL Federal Credit Union $65,000 n/a 0.1%
EQUITY RESOURCES, INC. $65,000 n/a 0.1%
Synovus Bank $480,000 $55,000 -88.5% 0.1%
VILLAGE CAPITAL MORTGAGE $105,000 $55,000 -47.6% 0.1%
1st Franklin Financial Corporation $115,000 $35,000 -69.6% 0.1%
First Piedmont Federal Savings and Loan Association of Gaffney $355,000 $35,000 -90.1% 0.1%

Union's top lender by overall market share is FOUNDERS FEDERAL CREDIT UNION, with 13.5% market share. In second place, with 12.1%, is Arthur State Bank, having originated $6,865,000 in loans. In third place, with 7.4%, is QUICKEN LOANS, LLC, having originated $4,215,000 in loans. In fourth place, with 5.4%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $3,080,000 in loans. In fifth place, with 3.2%, is MOVEMENT MORTGAGE, LLC, having originated $1,805,000 in loans.

Union, SC Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 202 $34,980,000 $173,168
Cash Out Refi 108 $12,460,000 $115,370
Refi 52 $6,740,000 $129,615
Other 21 $1,625,000 $77,381
Home Improvement 16 $880,000 $55,000

Union's most frequently cited loan purpose was Home Purchase, with 202 originations. The 2nd most popular reason was Cash Out Refi, with 108 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 88 $12,810,000 $145,568
3-4% 87 $12,995,000 $149,368
4-5% 74 $11,570,000 $156,351
6-7% 55 $8,695,000 $158,091
2.5-3% 30 $3,640,000 $121,333
<2.5% 21 $2,215,000 $105,476
7-8% 21 $2,675,000 $127,381
Over 8% 16 $1,200,000 $75,000

During 2022, Union's most frequently originated rate bucket was 5-6%, with 88 originations.

Loan Sizing (Union, SC MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 179 $25,515,000 $142,542
$100,000 or less 141 $8,315,000 $58,972
$200k-400k 70 $17,900,000 $255,714
$400k-600k 8 $3,920,000 $490,000
$Over $1MM 1 $1,035,000 $1,035,000

Union's loan sizing saw the bucket of loans from $100k-200k with 179 originations, totaling $25,515,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 188 $32,630,000 $173,564
60-80% 87 $14,555,000 $167,299
40-60% 58 $5,150,000 $88,793
20-40% 31 $1,975,000 $63,710
Under 20% 24 $730,000 $30,417
Over 100% 4 $700,000 $175,000

Union's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 188 originations, totaling $32,630,000 in origination value.