Union Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Union averaged
6.96%
for the week of 2025-05-08, compared to the national average of
6.76% for the same period.
The average rate for the prior week (2025-05-01) was
6.66% and
one month ago for the week of 2025-04-03, the
average rate was 6.54%.
Union's average rate one year ago was 7.22%.
For refis of the same type during the week of 2025-05-08, the average rate
was 6.76%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-05-08 | 6.76% |
| Union 30 Year Fixed Rate | 2025-05-08 | 6.96% |
| Union 30 Year Fixed Rate Refi | 2025-05-08 | 6.76% |
| Union 15 Year Fixed Rate | 2025-05-08 | 5.79% |
| Union 15 Year Fixed Rate Refi | 2025-05-08 | 5.99% |
| Union 30 Year FHA | 2025-05-08 | 6.34% |
| Union 30 Year FHA Refi | 2025-05-08 | 6.68% |
| Union 30 Year USDA | 2025-05-08 | 6.27% |
| Union 30 Year USDA Refi | 2025-05-08 | 6.27% |
| Union 30 Year VA | 2025-05-08 | 6.47% |
| Union 30 Year VA Refi | 2025-05-08 | 6.17% |
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.).
Union Average Closing Costs & Other Stats
Union, SC's 39 lenders originated 346
loans during 2024. The total origination value was $52,120,000, with an average loan value of
$150,636.
Union's average closing costs are $5,128.
The top Union lender as defined by loan originations is Arthur State Bank, with
26 loans originated. Their average total fees are
$3,548, which is $661
higher than the next largest lender,
FOUNDERS FEDERAL CREDIT UNION.
The lowest fee Union lenders (with over 10 loans originated) are
Arthur State Bank ($3,548), .
The lowest rate Union lenders (with over 10 loans originated) are
Arthur State Bank (7.24%), .
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| INSPIRE HOME LOANS INC. | $6,720,000 | n/a | 12.9% | |
| Arthur State Bank | $5,445,000 | $5,615,000 | 3.1% | 10.8% |
| FOUNDERS FEDERAL CREDIT UNION | $4,235,000 | $3,130,000 | -26.1% | 6.0% |
| QUICKEN LOANS, LLC | $3,110,000 | $2,410,000 | -22.5% | 4.6% |
| Mortgage Research Center, LLC | $1,425,000 | $1,815,000 | 27.4% | 3.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,815,000 | $1,735,000 | -4.4% | 3.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,865,000 | $1,375,000 | -26.3% | 2.6% |
| AgFirst Farm Credit Bank | $1,345,000 | n/a | 2.6% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,165,000 | $1,335,000 | -38.3% | 2.6% |
| South State Bank | $405,000 | $1,285,000 | 217.3% | 2.5% |
| GUILD MORTGAGE COMPANY | $425,000 | $1,080,000 | 154.1% | 2.1% |
| T2 FINANCIAL LLC | $1,025,000 | n/a | 2.0% | |
| FREEDOM MORTGAGE CORPORATION | $620,000 | $990,000 | 59.7% | 1.9% |
| SOUTHWEST STAGE FUNDING, LLC | $155,000 | $985,000 | 535.5% | 1.9% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $905,000 | $935,000 | 3.3% | 1.8% |
| MOVEMENT MORTGAGE, LLC | $1,660,000 | $930,000 | -44.0% | 1.8% |
| SOUTH CAROLINA FEDERAL CREDIT UNION | $830,000 | n/a | 1.6% | |
| BETTER MORTGAGE CORPORATION | $55,000 | $770,000 | 1,300.0% | 1.5% |
| First Piedmont Federal Savings and Loan Association of Gaffney | $585,000 | $765,000 | 30.8% | 1.5% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $185,000 | $730,000 | 294.6% | 1.4% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $75,000 | $710,000 | 846.7% | 1.4% |
| BROKER SOLUTIONS, INC. | $370,000 | $670,000 | 81.1% | 1.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $485,000 | $660,000 | 36.1% | 1.3% |
| GSF Mortgage Corporation | $655,000 | n/a | 1.3% | |
| Mr. Cooper ( Nationstar Mortgage ) | $330,000 | $590,000 | 78.8% | 1.1% |
| 21ST MORTGAGE CORPORATION | $480,000 | $565,000 | 17.7% | 1.1% |
| NEW DAY FINANCIAL, LLC | $525,000 | $495,000 | -5.7% | 0.9% |
| GUARANTEED RATE, INC. | $645,000 | $470,000 | -27.1% | 0.9% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $155,000 | $440,000 | 183.9% | 0.8% |
| SOUTHWEST FUNDING, LP | $420,000 | n/a | 0.8% | |
| Waterstone Mortgage Corporation | $370,000 | n/a | 0.7% | |
| NAVY FEDERAL CREDIT UNION | $75,000 | $355,000 | 373.3% | 0.7% |
| UNION HOME MORTGAGE CORP. | $145,000 | $355,000 | 144.8% | 0.7% |
| VILLAGE CAPITAL MORTGAGE | $175,000 | $350,000 | 100.0% | 0.7% |
| First-Citizens Bank & Trust Company | $360,000 | $345,000 | -4.2% | 0.7% |
| STATE EMPLOYEES' | $200,000 | $345,000 | 72.5% | 0.7% |
| FIRST COMMUNITY MORTGAGE, INC. | $320,000 | n/a | 0.6% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $295,000 | $315,000 | 6.8% | 0.6% |
| S. C. TELCO | $105,000 | $315,000 | 200.0% | 0.6% |
| Ameris Bank | $335,000 | $300,000 | -10.4% | 0.6% |
| Renasant Bank | $300,000 | n/a | 0.6% | |
| RESOURCE FINANCIAL SERVICES, INC. | $245,000 | $300,000 | 22.4% | 0.6% |
| AMERICAN INTERNET MORTGAGE, INC. | $295,000 | n/a | 0.6% | |
| Barrington Bank & Trust Company, N.A. | $265,000 | $285,000 | 7.5% | 0.5% |
| Dollar Bank, Federal Savings Bank | $285,000 | n/a | 0.5% | |
| PENNYMAC LOAN SERVICES, LLC | $285,000 | $280,000 | -1.8% | 0.5% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $155,000 | $270,000 | 74.2% | 0.5% |
| CALCON MUTUAL MORTGAGE LLC | $255,000 | n/a | 0.5% | |
| HOMESIDE FINANCIAL, LLC | $250,000 | n/a | 0.5% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $235,000 | n/a | 0.5% | |
| First Federal Bank | $275,000 | $215,000 | -21.8% | 0.4% |
| ZILLOW HOME LOANS, LLC | $215,000 | n/a | 0.4% | |
| CRESCENT MORTGAGE COMPANY | $175,000 | $205,000 | 17.1% | 0.4% |
| TRIAD FINANCIAL SERVICES, INC. | $205,000 | n/a | 0.4% | |
| Equity Prime Mortgage LLC | $195,000 | n/a | 0.4% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $350,000 | $185,000 | -47.1% | 0.4% |
| RELIANCE FIRST CAPITAL, LLC | $115,000 | $185,000 | 60.9% | 0.4% |
| ROYAL UNITED MORTGAGE LLC | $85,000 | $180,000 | 111.8% | 0.3% |
| CLEARPATH LENDING | $175,000 | n/a | 0.3% | |
| GUARANTEED RATE AFFINITY, LLC | $305,000 | $165,000 | -45.9% | 0.3% |
| JPMorgan Chase Bank | $165,000 | n/a | 0.3% | |
| ARC HOME LLC | $155,000 | n/a | 0.3% | |
| NEWREZ LLC | $165,000 | $155,000 | -6.1% | 0.3% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $155,000 | n/a | 0.3% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $145,000 | n/a | 0.3% | |
| LIMA ONE CAPITAL, LLC | $145,000 | n/a | 0.3% | |
| ON Q FINANCIAL, INC. | $280,000 | $135,000 | -51.8% | 0.3% |
| SUCCESS MORTGAGE PARTNERS, INC. | $135,000 | n/a | 0.3% | |
| The Loan Store, Inc. | $135,000 | n/a | 0.3% | |
| S. C. STATE FEDERAL CREDIT UNION | $100,000 | $130,000 | 30.0% | 0.2% |
| Deere Employees Credit Union | $155,000 | $125,000 | -19.4% | 0.2% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $125,000 | n/a | 0.2% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $115,000 | n/a | 0.2% | |
| LENDINGHOME FUNDING CORPORATION | $115,000 | n/a | 0.2% | |
| U.S. Bank | $115,000 | n/a | 0.2% | |
| TOP FLITE FINANCIAL, INC. | $95,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $830,000 | $85,000 | -89.8% | 0.2% |
| Bank of America | $245,000 | $75,000 | -69.4% | 0.1% |
| Discover Bank | $55,000 | n/a | 0.1% | |
| LOANPAL, LLC | $95,000 | $55,000 | -42.1% | 0.1% |
| TD Bank | $75,000 | $55,000 | -26.7% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $660,000 | $50,000 | -92.4% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $35,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $35,000 | n/a | 0.1% |
Union's top lender by overall market share is INSPIRE HOME LOANS INC., with 12.9% market share. In second place, with 10.8%, is Arthur State Bank, having originated $5,615,000 in loans. In third place, with 6.0%, is FOUNDERS FEDERAL CREDIT UNION, having originated $3,130,000 in loans. In fourth place, with 4.6%, is QUICKEN LOANS, LLC, having originated $2,410,000 in loans. In fifth place, with 3.5%, is Mortgage Research Center, LLC, having originated $1,815,000 in loans.
Union, SC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 225 | $37,035,000 | $164,600 |
| Cash Out Refi | 46 | $6,410,000 | $139,348 |
| Refi | 33 | $5,395,000 | $163,485 |
| Other | 29 | $2,305,000 | $79,483 |
| Home Improvement | 13 | $975,000 | $75,000 |
Union's most frequently cited loan purpose was Home Purchase, with 225 originations. The 2nd most popular reason was Cash Out Refi, with 46 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 115 | $20,005,000 | $173,957 |
| 7-8% | 79 | $12,185,000 | $154,241 |
| Over 8% | 70 | $7,200,000 | $102,857 |
| 5-6% | 45 | $8,345,000 | $185,444 |
| 4-5% | 17 | $3,295,000 | $193,824 |
| <2.5% | 14 | $140,000 | $10,000 |
| 3-4% | 3 | $635,000 | $211,667 |
During 2024, Union's most frequently originated rate bucket was 6-7%, with 115 originations.
Loan Sizing (Union, SC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 153 | $22,765,000 | $148,791 |
| $100,000 or less | 101 | $5,425,000 | $53,713 |
| $200k-400k | 88 | $21,990,000 | $249,886 |
| $400k-600k | 4 | $1,940,000 | $485,000 |
Union's loan sizing saw the bucket of loans from $100k-200k with 153 originations, totaling $22,765,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 182 | $33,330,000 | $183,132 |
| 60-80% | 56 | $9,180,000 | $163,929 |
| Under 20% | 36 | $690,000 | $19,167 |
| 20-40% | 29 | $2,295,000 | $79,138 |
| 40-60% | 27 | $3,305,000 | $122,407 |
| Over 100% | 6 | $1,260,000 | $210,000 |
Union's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 182 originations, totaling $33,330,000 in origination value.