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 7.18% for the week of 2024-07-18, compared to the national average of 6.77% for the same period.

The average rate for the prior week (2024-07-11) was 7% and one month ago for the week of 2024-06-13, the average rate was 7.36%.

Union's average rate one year ago was 7.07%.

For refis of the same type during the week of 2024-07-18, the average rate was 7.17%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-18 6.77%
Union 30 Year Fixed Rate 2024-07-18 7.18%
Union 30 Year Fixed Rate Refi 2024-07-18 7.17%
Union 15 Year Fixed Rate 2024-07-18 6.05%
Union 15 Year Fixed Rate Refi 2024-07-18 6.05%
Union 30 Year FHA 2024-07-18 6.49%
Union 30 Year FHA Refi 2024-07-18 6.79%
Union 30 Year USDA 2024-07-18 6.53%
Union 30 Year USDA Refi 2024-07-18 6.63%
Union 30 Year VA 2024-07-18 6.3%
Union 30 Year VA Refi 2024-07-18 6.3%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Arthur State Bank 22 6.99% $3,369
FOUNDERS FEDERAL CREDIT UNION 14 7.46% $2,623
QUICKEN LOANS, LLC 10 6.55% $5,935
MOVEMENT MORTGAGE, LLC 3 7.54% $3,936
First Piedmont Federal Savings and Loan Association of Gaffney 2 6.88% $5,335
UNITED WHOLESALE MORTGAGE, LLC 2 7.50% $5,319
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 8.06% $2,733
Carrington Mortgage Services, LLC 1 6.63% $13,040
CHURCHILL MORTGAGE CORPORATION 1 7.50% $5,558
CROSSCOUNTRY MORTGAGE, LLC 1 6.88% $4,829
EASTMAN 1 7.00% $3,134
First Federal Bank 1 7.50% $5,687
GUARANTEED RATE AFFINITY, LLC 1 8.00% $6,760
GUARANTEED RATE, INC. 1 7.88% $8,413
HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.50% $4,249
MORTGAGE INVESTORS GROUP, INC. 1 7.38% $3,291
Mortgage Research Center, LLC 1 5.99% $9,191
Mr. Cooper ( Nationstar Mortgage ) 1 7.49% $3,434
NBKC BANK 1 7.25% $2,320
North American Savings Bank, F.S.B. 1 9.13% $10,904
Paramount Residential Mortgage Group, Inc. 1 6.99% $7,045
Regions Bank 1 7.13% $3,726
RELIANCE FIRST CAPITAL, LLC 1 5.88% $6,509
RESOURCE FINANCIAL SERVICES, INC. 1 6.13% $3,906
ROYAL UNITED MORTGAGE LLC 1 7.38% $4,060
South State Bank 1 7.50% $3,125
STATE EMPLOYEES' 1 7.15% $3,545
The Park National Bank 1 7.00% $3,769
Truist 1 6.35% $4,871
UNION HOME MORTGAGE CORP. 1 7.63% $5,435
VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.05% $2,146
AMCAP MORTGAGE, LTD. 1 6.99% $3,667
Wells Fargo Bank 1 5.88% $4,984
AMERISAVE MORTGAGE CORPORATION 1 6.63% $4,474
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.99% $5,245
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.75% $5,883
BANKSOUTH MORTGAGE COMPANY, LLC 1 7.00% $5,690
Baxter Credit Union 1 6.63% $3,467
BETTER MORTGAGE CORPORATION 1 5.63% $3,254

Union Average Closing Costs & Other Stats

Union, SC's 39 lenders originated 318 loans during 2023. The total origination value was $44,160,000, with an average loan value of $138,868.

Union's average closing costs are $4,827.

The top Union lender as defined by loan originations is Arthur State Bank, with 22 loans originated. Their average total fees are $3,369, which is $746 higher than the next largest lender, FOUNDERS FEDERAL CREDIT UNION.

The lowest fee Union lenders (with over 10 loans originated) are FOUNDERS FEDERAL CREDIT UNION ($2,623), Arthur State Bank ($3,369), QUICKEN LOANS, LLC ($5,935), .

The lowest rate Union lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.55%), Arthur State Bank (6.99%), FOUNDERS FEDERAL CREDIT UNION (7.46%), .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Arthur State Bank $6,865,000 $5,445,000 -20.7% 12.3%
FOUNDERS FEDERAL CREDIT UNION $7,680,000 $4,235,000 -44.9% 9.6%
QUICKEN LOANS, LLC $4,215,000 $3,110,000 -26.2% 7.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $655,000 $2,165,000 230.5% 4.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,080,000 $1,865,000 -39.4% 4.2%
UNITED WHOLESALE MORTGAGE, LLC $1,815,000 n/a 4.1%
MOVEMENT MORTGAGE, LLC $1,805,000 $1,660,000 -8.0% 3.8%
Mortgage Research Center, LLC $1,700,000 $1,425,000 -16.2% 3.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,205,000 $905,000 -24.9% 2.0%
Carrington Mortgage Services, LLC $320,000 $830,000 159.4% 1.9%
AMERISAVE MORTGAGE CORPORATION $385,000 $660,000 71.4% 1.5%
GUARANTEED RATE, INC. $175,000 $645,000 268.6% 1.5%
FREEDOM MORTGAGE CORPORATION $730,000 $620,000 -15.1% 1.4%
First Piedmont Federal Savings and Loan Association of Gaffney $35,000 $585,000 1,571.4% 1.3%
NEW DAY FINANCIAL, LLC $560,000 $525,000 -6.3% 1.2%
AMERICAN FINANCIAL NETWORK, INC. $520,000 n/a 1.2%
CROSSCOUNTRY MORTGAGE, LLC $435,000 $485,000 11.5% 1.1%
21ST MORTGAGE CORPORATION $305,000 $480,000 57.4% 1.1%
Truist $530,000 $460,000 -13.2% 1.0%
LOANDEPOT.COM, LLC $1,545,000 $445,000 -71.2% 1.0%
GUILD MORTGAGE COMPANY $420,000 $425,000 1.2% 1.0%
North American Savings Bank, F.S.B. $425,000 n/a 1.0%
COUNTRYPLACE MORTGAGE, LTD. $420,000 n/a 1.0%
South State Bank $1,655,000 $405,000 -75.5% 0.9%
CMG MORTGAGE, INC. $400,000 n/a 0.9%
Woodruff Federal Savings and Loan Association $385,000 n/a 0.9%
USAA Federal Savings Bank $165,000 $380,000 130.3% 0.9%
Regions Bank $375,000 n/a 0.8%
BROKER SOLUTIONS, INC. $240,000 $370,000 54.2% 0.8%
First-Citizens Bank & Trust Company $945,000 $360,000 -61.9% 0.8%
MORTGAGE SOLUTIONS OF COLORADO, LLC $350,000 n/a 0.8%
Ameris Bank $675,000 $335,000 -50.4% 0.8%
Wells Fargo Bank $1,585,000 $335,000 -78.9% 0.8%
Mr. Cooper ( Nationstar Mortgage ) $305,000 $330,000 8.2% 0.7%
GUARANTEED RATE AFFINITY, LLC $305,000 n/a 0.7%
Sierra Pacific Mortgage Company, Inc. $300,000 n/a 0.7%
MUTUAL OF OMAHA MORTGAGE, INC. $295,000 n/a 0.7%
PENNYMAC LOAN SERVICES, LLC $380,000 $285,000 -25.0% 0.6%
ON Q FINANCIAL, INC. $460,000 $280,000 -39.1% 0.6%
BancorpSouth $275,000 n/a 0.6%
First Federal Bank $275,000 n/a 0.6%
HOWARD HANNA FINANCIAL SERVICES, INC. $275,000 n/a 0.6%
Barrington Bank & Trust Company, N.A. $295,000 $265,000 -10.2% 0.6%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $230,000 $255,000 10.9% 0.6%
CASTLE & COOKE MORTGAGE, LLC $255,000 n/a 0.6%
AMERICAN FINANCIAL RESOURCES, INC. $245,000 n/a 0.6%
Bank of America $220,000 $245,000 11.4% 0.6%
EASTMAN $245,000 n/a 0.6%
RESOURCE FINANCIAL SERVICES, INC. $245,000 n/a 0.6%
MID AMERICA MORTGAGE, INC. $145,000 $225,000 55.2% 0.5%
Paramount Residential Mortgage Group, Inc. $135,000 $225,000 66.7% 0.5%
Prosperity Home Mortgage, LLC $225,000 n/a 0.5%
The Federal Savings Bank $205,000 n/a 0.5%
The Park National Bank $205,000 n/a 0.5%
STATE EMPLOYEES' $155,000 $200,000 29.0% 0.5%
AMCAP MORTGAGE, LTD. $195,000 n/a 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,030,000 $185,000 -82.0% 0.4%
CRESCENT MORTGAGE COMPANY $175,000 n/a 0.4%
VILLAGE CAPITAL MORTGAGE $55,000 $175,000 218.2% 0.4%
Flagstar Bank, FSB $250,000 $165,000 -34.0% 0.4%
NEWREZ LLC $355,000 $165,000 -53.5% 0.4%
BANKSOUTH MORTGAGE COMPANY, LLC $155,000 n/a 0.4%
Deere Employees Credit Union $155,000 n/a 0.4%
HOMEOWNERS FINANCIAL GROUP USA, LLC $155,000 $155,000 0.0% 0.4%
Mid-Continent Funding, Inc. $155,000 n/a 0.4%
PRIMARY RESIDENTIAL MORTGAGE, INC. $155,000 n/a 0.4%
SOUTHWEST STAGE FUNDING, LLC $285,000 $155,000 -45.6% 0.4%
TOTAL MORTGAGE SERVICES, LLC $155,000 n/a 0.4%
CHURCHILL MORTGAGE CORPORATION $225,000 $145,000 -35.6% 0.3%
CSL Financial, LLC $145,000 n/a 0.3%
HighTechLending Inc $145,000 n/a 0.3%
UNION HOME MORTGAGE CORP. $145,000 n/a 0.3%
Baxter Credit Union $135,000 n/a 0.3%
MORTGAGE INVESTORS GROUP, INC. $135,000 n/a 0.3%
CARDINAL FINANCIAL $800,000 $125,000 -84.4% 0.3%
DOMINION FINANCIAL SERVICES, LLC $115,000 n/a 0.3%
NBKC BANK $115,000 n/a 0.3%
PNC Bank $680,000 $115,000 -83.1% 0.3%
RELIANCE FIRST CAPITAL, LLC $105,000 $115,000 9.5% 0.3%
M&T Bank $105,000 n/a 0.2%
S. C. TELCO $250,000 $105,000 -58.0% 0.2%
S. C. STATE FEDERAL CREDIT UNION $190,000 $100,000 -47.4% 0.2%
LOANPAL, LLC $95,000 n/a 0.2%
ROYAL UNITED MORTGAGE LLC $85,000 n/a 0.2%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $390,000 $75,000 -80.8% 0.2%
NAVY FEDERAL CREDIT UNION $775,000 $75,000 -90.3% 0.2%
TD Bank $75,000 n/a 0.2%
CPM Federal Credit Union $70,000 n/a 0.2%
BETTER MORTGAGE CORPORATION $125,000 $55,000 -56.0% 0.1%
United Community Bank $35,000 n/a 0.1%

Union's top lender by overall market share is Arthur State Bank, with 12.3% market share. In second place, with 9.6%, is FOUNDERS FEDERAL CREDIT UNION, having originated $4,235,000 in loans. In third place, with 7.0%, is QUICKEN LOANS, LLC, having originated $3,110,000 in loans. In fourth place, with 4.9%, is VANDERBILT MORTGAGE AND FINANCE, INC., having originated $2,165,000 in loans. In fifth place, with 4.2%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $1,865,000 in loans.

Union, SC Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 189 $32,095,000 $169,815
Cash Out Refi 49 $6,725,000 $137,245
Home Improvement 32 $2,010,000 $62,813
Other 30 $1,960,000 $65,333
Refi 18 $1,370,000 $76,111

Union's most frequently cited loan purpose was Home Purchase, with 189 originations. The 2nd most popular reason was Cash Out Refi, with 49 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 94 $15,650,000 $166,489
7-8% 89 $13,305,000 $149,494
Over 8% 81 $7,505,000 $92,654
5-6% 42 $6,940,000 $165,238
<2.5% 6 $40,000 $6,667
4-5% 4 $230,000 $57,500

During 2023, Union's most frequently originated rate bucket was 6-7%, with 94 originations.

Loan Sizing (Union, SC MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 131 $19,175,000 $146,374
$100,000 or less 121 $6,625,000 $54,752
$200k-400k 62 $16,220,000 $261,613
$400k-600k 3 $1,415,000 $471,667
$600k-1000k 1 $725,000 $725,000

Union's loan sizing saw the bucket of loans from $100k-200k with 131 originations, totaling $19,175,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 146 $27,170,000 $186,096
60-80% 54 $7,710,000 $142,778
40-60% 44 $4,350,000 $98,864
20-40% 34 $1,900,000 $55,882
Under 20% 28 $870,000 $31,071
Over 100% 9 $1,525,000 $169,444

Union's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 146 originations, totaling $27,170,000 in origination value.