Union Mortgage Rates

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

30 Year Fixed Rate mortgages in Union averaged 6.45% 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 6.56% and one month ago for the week of 2022-05-26, the average rate was 5.85%.

Union's average rate one year ago was 3.18%.

For refis of the same type during the week of 2022-06-30, the average rate was 6.78%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Union 30 Year Fixed Rate 2022-06-30 6.45%
Union 30 Year Fixed Rate Refi 2022-06-30 6.78%
Union 15 Year Fixed Rate 2022-06-30 5.84%
Union 15 Year Fixed Rate Refi 2022-06-30 5.49%
Union 30 Year FHA 2022-06-30 6.09%
Union 30 Year FHA Refi 2022-06-30 6.07%
Union 30 Year USDA 2022-06-30 5.75%
Union 30 Year USDA Refi 2022-06-30 2.9%
Union 30 Year VA 2022-06-30 6.02%
Union 30 Year VA Refi 2022-06-30 5.5%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Arthur State Bank 32 3.19% $2,813
QUICKEN LOANS, LLC 9 3.09% $5,403
FOUNDERS FEDERAL CREDIT UNION 8 4.34% $2,281
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 2.88% $3,638
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 3.21% $3,591
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.31% $4,416
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 5.06% $6,627
LOANDEPOT.COM, LLC 2 2.94% $4,500
South State Bank 2 3.06% $2,845
CAPITAL CENTER, L.L.C. 2 2.88% $2,361
Truist Bank 2 3.00% $2,770
UNITED WHOLESALE MORTGAGE, LLC 2 3.00% $2,989
Wells Fargo Bank 2 3.13% $4,793
MOVEMENT MORTGAGE, LLC 2 3.38% $1,664
Ally Bank 2 3.06% $9,923
ON Q FINANCIAL, INC. 2 2.88% $4,586
GUILD MORTGAGE COMPANY 2 3.25% $4,770
MIDLAND MORTGAGE CORPORATION 1 3.00% $1,824
Mr. Cooper ( Nationstar Mortgage ) 1 3.38% $4,209
NEWREZ LLC 1 2.88% $2,814
Paramount Residential Mortgage Group, Inc. 1 2.99% $3,608
PENNYMAC LOAN SERVICES, LLC 1 3.25% $4,711
S. C. STATE FEDERAL CREDIT UNION 1 3.00% $1,205
AgFirst Farm Credit Bank 1 3.00% $5,066
Towne Bank 1 3.63% $12,201
SHARONVIEW FEDERAL CREDIT UNION 1 3.00% $5,014
AMERISAVE MORTGAGE CORPORATION 1 3.00% $6,485
ARC HOME LLC 1 6.40% $6,416
Bank of America 1 3.38% $3,294
Blue Ridge Bank 1 3.50% $6,390
Colten Mortgage, LLC 1 3.88% $6,907
CRESCENT MORTGAGE COMPANY 1 2.99% $2,191
ENVOY MORTGAGE, LTD 1 3.13% $6,607
FINANCE OF AMERICA MORTGAGE LLC 1 2.75% $3,807
First-Citizens Bank & Trust Company 1 2.99% $6,375
First Piedmont Federal Savings and Loan Association of Gaffney 1 3.88% $5,415
GMFS LLC 1 3.50% $5,218
GUARANTEED RATE, INC. 1 3.50% $3,731
LAKEVIEW LOAN SERVICING, LLC 1 3.38% $2,469
LENDUS, LLC 1 2.88% $3,655
LOANPAL, LLC 1 3.38% $3,729
MICHIGAN MUTUAL, INC. 1 3.50% $3,141

Union, SC's 42 lenders originated 377 loans during 2021. The total origination value was $56,265,000, with an average loan value of $149,244.

The top Union lender as defined by loan originations is Arthur State Bank, with 32 loans originated. Their average total fees are $2,813, which is $2,590 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Union lenders (with over 10 loans originated) are Arthur State Bank ($2,813), .

The lowest rate Union lenders (with over 10 loans originated) are Arthur State Bank (3.19%), .

Union, SC 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
Arthur State Bank $12,605,000 $10,720,000 -15.0% 19.1%
QUICKEN LOANS, LLC $4,010,000 $5,540,000 38.2% 9.8%
FOUNDERS FEDERAL CREDIT UNION $2,750,000 $2,715,000 -1.3% 4.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,525,000 $2,450,000 -3.0% 4.4%
AgFirst Farm Credit Bank $805,000 $1,755,000 118.0% 3.1%
MOVEMENT MORTGAGE, LLC $900,000 $1,710,000 90.0% 3.0%
FREEDOM MORTGAGE CORPORATION $1,740,000 $1,690,000 -2.9% 3.0%
First Heritage Mortgage, LLC $1,515,000 n/a 2.7%
Mortgage Research Center, LLC $570,000 $1,225,000 114.9% 2.2%
Wells Fargo Bank $450,000 $1,065,000 136.7% 1.9%
MIDLAND MORTGAGE CORPORATION $465,000 $1,055,000 126.9% 1.9%
PENNYMAC LOAN SERVICES, LLC $390,000 $965,000 147.4% 1.7%
PRIMELENDING, A PLAINSCAPITAL COMPANY $850,000 $905,000 6.5% 1.6%
NEW DAY FINANCIAL, LLC $390,000 $835,000 114.1% 1.5%
South State Bank $70,000 $830,000 1,085.7% 1.5%
LOANDEPOT.COM, LLC $225,000 $795,000 253.3% 1.4%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $655,000 $760,000 16.0% 1.4%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,110,000 $740,000 -33.3% 1.3%
GUILD MORTGAGE COMPANY $505,000 $735,000 45.5% 1.3%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $445,000 $730,000 64.0% 1.3%
Ally Bank $690,000 n/a 1.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $200,000 $680,000 240.0% 1.2%
KELLER MORTGAGE, LLC $260,000 $585,000 125.0% 1.0%
LAKEVIEW LOAN SERVICING, LLC $245,000 $580,000 136.7% 1.0%
Truist Bank $1,225,000 $550,000 -55.1% 1.0%
UNITED WHOLESALE MORTGAGE, LLC $155,000 $540,000 248.4% 1.0%
Synovus Bank $480,000 n/a 0.9%
APEX HOME LOANS, INC. $235,000 $450,000 91.5% 0.8%
Mr. Cooper ( Nationstar Mortgage ) $65,000 $445,000 584.6% 0.8%
CALIBER HOME LOANS, INC. $505,000 $415,000 -17.8% 0.7%
HOME POINT FINANCIAL CORPORATION $405,000 n/a 0.7%
Blue Ridge Bank $850,000 $400,000 -52.9% 0.7%
SHARONVIEW FEDERAL CREDIT UNION $400,000 n/a 0.7%
Renasant Bank $370,000 n/a 0.7%
GSF Mortgage Corporation $245,000 $365,000 49.0% 0.6%
Bank of America $220,000 $360,000 63.6% 0.6%
First Piedmont Federal Savings and Loan Association of Gaffney $355,000 n/a 0.6%
Towne Bank $355,000 n/a 0.6%
First-Citizens Bank & Trust Company $960,000 $350,000 -63.5% 0.6%
First Community Bank $55,000 $315,000 472.7% 0.6%
NEWREZ LLC $315,000 n/a 0.6%
1ST SIGNATURE LENDING, LLC $500,000 $310,000 -38.0% 0.6%
SOUTHWEST STAGE FUNDING, LLC $280,000 n/a 0.5%
CAPITAL CENTER, L.L.C. $270,000 n/a 0.5%
Bank of England $265,000 n/a 0.5%
CALCON MUTUAL MORTGAGE LLC $265,000 n/a 0.5%
SOUTHWEST FUNDING, LP $500,000 $260,000 -48.0% 0.5%
ENVOY MORTGAGE, LTD $260,000 $250,000 -3.8% 0.4%
SWBC MORTGAGE CORPORATION $235,000 n/a 0.4%
LENDUS, LLC $205,000 $225,000 9.8% 0.4%
STATE EMPLOYEES' $225,000 n/a 0.4%
NAVY FEDERAL CREDIT UNION $55,000 $215,000 290.9% 0.4%
AMERISAVE MORTGAGE CORPORATION $105,000 $210,000 100.0% 0.4%
ON Q FINANCIAL, INC. $125,000 $210,000 68.0% 0.4%
PNC Bank $205,000 n/a 0.4%
21ST MORTGAGE CORPORATION $280,000 $200,000 -28.6% 0.4%
GUARANTEED RATE, INC. $195,000 n/a 0.3%
Palmetto State Bank $195,000 n/a 0.3%
Ameris Bank $185,000 n/a 0.3%
FINANCE OF AMERICA MORTGAGE LLC $185,000 $185,000 0.0% 0.3%
First Guaranty Mortgage Corporation $165,000 $185,000 12.1% 0.3%
NATIONS DIRECT MORTGAGE, LLC $175,000 n/a 0.3%
ROYAL UNITED MORTGAGE LLC $45,000 $175,000 288.9% 0.3%
GMFS LLC $165,000 n/a 0.3%
SOUTH CAROLINA FEDERAL CREDIT UNION $105,000 $165,000 57.1% 0.3%
USAA Federal Savings Bank $790,000 $165,000 -79.1% 0.3%
First Federal Bank $155,000 n/a 0.3%
First Horizon Bank $155,000 n/a 0.3%
Flagstar Bank, FSB $150,000 n/a 0.3%
Low VA Rates, LLC $145,000 n/a 0.3%
MICHIGAN MUTUAL, INC. $145,000 n/a 0.3%
CHURCHILL MORTGAGE CORPORATION $135,000 n/a 0.2%
Colten Mortgage, LLC $135,000 n/a 0.2%
MID AMERICA MORTGAGE, INC. $135,000 n/a 0.2%
Network Funding, L.P. $135,000 n/a 0.2%
S. C. STATE FEDERAL CREDIT UNION $60,000 $135,000 125.0% 0.2%
Gateway First Bank $130,000 n/a 0.2%
Lakeview Community Capital, LLC $125,000 n/a 0.2%
1st Franklin Financial Corporation $75,000 $115,000 53.3% 0.2%
ARC HOME LLC $115,000 n/a 0.2%
HOMESIDE FINANCIAL, LLC $175,000 $105,000 -40.0% 0.2%
LOANPAL, LLC $105,000 n/a 0.2%
Paramount Residential Mortgage Group, Inc. $105,000 n/a 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $105,000 n/a 0.2%
CRESCENT MORTGAGE COMPANY $75,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $125,000 $75,000 -40.0% 0.1%
United Community Bank $115,000 $75,000 -34.8% 0.1%
Countybank $675,000 $55,000 -91.9% 0.1%
GREENVILLE FEDERAL CREDIT UNION $55,000 n/a 0.1%
FIRST TECHNOLOGY $45,000 n/a 0.1%

Union's top lender by overall market share is Arthur State Bank, with 19.1% market share. In second place, with 9.8%, is QUICKEN LOANS, LLC, having originated $5,540,000 in loans. In third place, with 4.8%, is FOUNDERS FEDERAL CREDIT UNION, having originated $2,715,000 in loans. In third place, with 4.4%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $2,450,000 in loans. In third place, with 3.1%, is AgFirst Farm Credit Bank, having originated $1,755,000 in loans.


Union, SC Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 163 $26,655,000 $163,528
Refi 110 $16,510,000 $150,091
Cash Out Refi 71 $10,565,000 $148,803
Other 20 $1,240,000 $62,000
Home Improvement 13 $1,295,000 $99,615

Union's most frequently cited loan purpose was Home Purchase, with 163 originations. The 2nd most popular reason was Refi, with 110 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 147 $21,865,000 $148,741
2.5-3% 124 $18,990,000 $153,145
<2.5% 50 $9,200,000 $184,000
4-5% 22 $3,220,000 $146,364
5-6% 11 $975,000 $88,636
6-7% 8 $1,000,000 $125,000
7-8% 7 $365,000 $52,143
Over 8% 7 $455,000 $65,000

During 2021, Union's most frequently originated rate bucket was 3-4%, with 147 originations.

Loan Sizing (Union, SC MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 172 $25,800,000 $150,000
$100,000 or less 135 $8,775,000 $65,000
$200k-400k 62 $16,150,000 $260,484
$400k-600k 6 $3,050,000 $508,333
$600k-1000k 1 $975,000 $975,000
$Over $1MM 1 $1,515,000 $1,515,000

Union's loan sizing saw the bucket of loans from $100k-200k with 172 originations, totaling $25,800,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 174 $29,850,000 $171,552
60-80% 96 $14,340,000 $149,375
40-60% 52 $6,700,000 $128,846
20-40% 29 $2,635,000 $90,862
Under 20% 13 $425,000 $32,692
Over 100% 1 $145,000 $145,000

Union's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 174 originations, totaling $29,850,000 in origination value.