Vidalia Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Vidalia averaged
6.89%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.72% and
one month ago for the week of 2024-10-03, the
average rate was 6.22%.
Vidalia's average rate one year ago was 7.56%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.79%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Vidalia 30 Year Fixed Rate | 2024-11-07 | 6.89% |
| Vidalia 30 Year Fixed Rate Refi | 2024-11-07 | 6.79% |
| Vidalia 15 Year Fixed Rate | 2024-11-07 | 6% |
| Vidalia 15 Year Fixed Rate Refi | 2024-11-07 | 6.3% |
| Vidalia 30 Year FHA | 2024-11-07 | 6.53% |
| Vidalia 30 Year FHA Refi | 2024-11-07 | 6.23% |
| Vidalia 30 Year USDA | 2024-11-07 | 6.28% |
| Vidalia 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Vidalia 30 Year VA | 2024-11-07 | 6.54% |
| Vidalia 30 Year VA Refi | 2024-11-07 | 6.24% |
Vidalia 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 Vidalia, GA 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.).
Vidalia Average Closing Costs & Other Stats
Vidalia, GA's 35 lenders originated 265
loans during 2023. The total origination value was $44,635,000, with an average loan value of
$168,434.
Vidalia's average closing costs are $5,491.
The top Vidalia lender as defined by loan originations is QUICKEN LOANS, LLC, with
11 loans originated. Their average total fees are
$7,134, which is $173
higher than the next largest lender,
THE MORTGAGE FIRM, INC..
The lowest fee Vidalia lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($7,134), .
The lowest rate Vidalia lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.65%), .
Vidalia, GA 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 |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $6,930,000 | $5,500,000 | -20.6% | 12.3% |
| 21ST MORTGAGE CORPORATION | $1,475,000 | $2,710,000 | 83.7% | 6.1% |
| THE MORTGAGE FIRM, INC. | $6,890,000 | $2,070,000 | -70.0% | 4.6% |
| Mortgage Research Center, LLC | $2,520,000 | $1,990,000 | -21.0% | 4.5% |
| Northpointe Bank | $570,000 | $1,985,000 | 248.2% | 4.4% |
| Ameris Bank | $2,265,000 | $1,590,000 | -29.8% | 3.6% |
| AMERISAVE MORTGAGE CORPORATION | $970,000 | $1,430,000 | 47.4% | 3.2% |
| GUARANTEED RATE, INC. | $1,170,000 | $1,285,000 | 9.8% | 2.9% |
| NAVY FEDERAL CREDIT UNION | $1,440,000 | $1,180,000 | -18.1% | 2.6% |
| Truist | $1,235,000 | $1,140,000 | -7.7% | 2.6% |
| AgFirst Farm Credit Bank | $3,755,000 | $1,080,000 | -71.2% | 2.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,015,000 | n/a | 2.3% | |
| The Federal Savings Bank | $990,000 | n/a | 2.2% | |
| FREEDOM MORTGAGE CORPORATION | $880,000 | $940,000 | 6.8% | 2.1% |
| POWERCO | $655,000 | $795,000 | 21.4% | 1.8% |
| BROKER SOLUTIONS, INC. | $410,000 | $690,000 | 68.3% | 1.5% |
| NBKC BANK | $675,000 | n/a | 1.5% | |
| UNITED WHOLESALE MORTGAGE, LLC | $1,110,000 | $675,000 | -39.2% | 1.5% |
| FirstBank | $580,000 | n/a | 1.3% | |
| NEW DAY FINANCIAL, LLC | $855,000 | $560,000 | -34.5% | 1.3% |
| GUILD MORTGAGE COMPANY | $95,000 | $555,000 | 484.2% | 1.2% |
| RUOFF MORTGAGE COMPANY, INC. | $55,000 | $540,000 | 881.8% | 1.2% |
| CHURCHILL MORTGAGE CORPORATION | $475,000 | n/a | 1.1% | |
| Barrington Bank & Trust Company, N.A. | $435,000 | n/a | 1.0% | |
| Colony Bank | $600,000 | $430,000 | -28.3% | 1.0% |
| PENNYMAC LOAN SERVICES, LLC | $950,000 | $420,000 | -55.8% | 0.9% |
| ROBINS FINANCIAL | $185,000 | $420,000 | 127.0% | 0.9% |
| Bank of America | $415,000 | n/a | 0.9% | |
| LOANDEPOT.COM, LLC | $445,000 | $410,000 | -7.9% | 0.9% |
| Regions Bank | $195,000 | $410,000 | 110.3% | 0.9% |
| Flagstar Bank, FSB | $405,000 | n/a | 0.9% | |
| PENTAGON FEDERAL CREDIT UNION | $165,000 | $395,000 | 139.4% | 0.9% |
| TOWNE MORTGAGE COMPANY | $425,000 | $395,000 | -7.1% | 0.9% |
| BancorpSouth | $375,000 | n/a | 0.8% | |
| Glennville Bank | $465,000 | $350,000 | -24.7% | 0.8% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $145,000 | $340,000 | 134.5% | 0.8% |
| COUNTRYPLACE MORTGAGE, LTD. | $175,000 | $330,000 | 88.6% | 0.7% |
| Bank of Dudley | $1,715,000 | $320,000 | -81.3% | 0.7% |
| RELIANCE FIRST CAPITAL, LLC | $310,000 | n/a | 0.7% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $305,000 | $275,000 | -9.8% | 0.6% |
| Arvest Bank | $265,000 | n/a | 0.6% | |
| CALIBER HOME LOANS, INC. | $265,000 | n/a | 0.6% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $620,000 | $260,000 | -58.1% | 0.6% |
| APCO EMPLOYEES | $255,000 | n/a | 0.6% | |
| M&T Bank | $85,000 | $255,000 | 200.0% | 0.6% |
| EVERETT FINANCIAL, INC. | $490,000 | $245,000 | -50.0% | 0.5% |
| CMG MORTGAGE, INC. | $225,000 | n/a | 0.5% | |
| SOUTHEAST MORTGAGE OF GEORGIA, INC. | $225,000 | n/a | 0.5% | |
| SIRVA MORTGAGE, INC. | $215,000 | n/a | 0.5% | |
| Renasant Bank | $965,000 | $200,000 | -79.3% | 0.4% |
| Prosperity Home Mortgage, LLC | $195,000 | n/a | 0.4% | |
| S. C. TELCO | $190,000 | n/a | 0.4% | |
| AMERICAN FINANCING CORPORATION | $115,000 | $185,000 | 60.9% | 0.4% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $165,000 | $185,000 | 12.1% | 0.4% |
| ZILLOW HOME LOANS, LLC | $275,000 | $185,000 | -32.7% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $945,000 | $180,000 | -81.0% | 0.4% |
| 1ST SIGNATURE LENDING, LLC | $175,000 | n/a | 0.4% | |
| AMERICAN FINANCIAL NETWORK, INC. | $175,000 | n/a | 0.4% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $175,000 | n/a | 0.4% | |
| HOMESTAR FINANCIAL CORPORATION | $760,000 | $175,000 | -77.0% | 0.4% |
| INTERSTATE UNLIMITED Federal Credit Union | $440,000 | $175,000 | -60.2% | 0.4% |
| LIBERTY HOME MORTGAGE CORPORATION | $175,000 | n/a | 0.4% | |
| MOVEMENT MORTGAGE, LLC | $200,000 | $175,000 | -12.5% | 0.4% |
| Discover Bank | $105,000 | $160,000 | 52.4% | 0.4% |
| Baxter Credit Union | $155,000 | n/a | 0.3% | |
| DEEPHAVEN MORTGAGE LLC | $155,000 | n/a | 0.3% | |
| Nations Lending Corporation | $340,000 | $155,000 | -54.4% | 0.3% |
| CONTOUR MORTGAGE CORPORATION | $145,000 | n/a | 0.3% | |
| Equity Prime Mortgage LLC | $195,000 | $145,000 | -25.6% | 0.3% |
| MILEND, INC. | $115,000 | $145,000 | 26.1% | 0.3% |
| SOUTHWEST STAGE FUNDING, LLC | $135,000 | n/a | 0.3% | |
| THRIVE MORTGAGE, LLC | $135,000 | n/a | 0.3% | |
| CIS Financial Services, Inc. | $85,000 | $125,000 | 47.1% | 0.3% |
| AMWEST FUNDING CORP. | $115,000 | n/a | 0.3% | |
| Carrington Mortgage Services, LLC | $200,000 | $115,000 | -42.5% | 0.3% |
| CRESCENT MORTGAGE COMPANY | $685,000 | $105,000 | -84.7% | 0.2% |
| CSL Financial, LLC | $105,000 | n/a | 0.2% | |
| HOMESIDE FINANCIAL, LLC | $115,000 | $105,000 | -8.7% | 0.2% |
| Synovus Bank | $95,000 | $105,000 | 10.5% | 0.2% |
| AMERICAN FINANCIAL RESOURCES, INC. | $85,000 | n/a | 0.2% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $85,000 | n/a | 0.2% | |
| PrimeSouth Bank | $2,655,000 | $85,000 | -96.8% | 0.2% |
| Southern First Bank | $85,000 | n/a | 0.2% | |
| Morris Bank | $265,000 | $75,000 | -71.7% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $75,000 | n/a | 0.2% | |
| South Georgia Bank | $25,000 | $70,000 | 180.0% | 0.2% |
| GEORGIA UNITED | $25,000 | $55,000 | 120.0% | 0.1% |
| Figure Lending LLC | $45,000 | $35,000 | -22.2% | 0.1% |
| Lakeview Community Capital, LLC | $165,000 | $35,000 | -78.8% | 0.1% |
| United Community Bank | $1,230,000 | $35,000 | -97.2% | 0.1% |
| Fifth Third Bank | $45,000 | $25,000 | -44.4% | 0.1% |
Vidalia's top lender by overall market share is QUICKEN LOANS, LLC, with 12.3% market share. In second place, with 6.1%, is 21ST MORTGAGE CORPORATION, having originated $2,710,000 in loans. In third place, with 4.6%, is THE MORTGAGE FIRM, INC., having originated $2,070,000 in loans. In fourth place, with 4.5%, is Mortgage Research Center, LLC, having originated $1,990,000 in loans. In fifth place, with 4.4%, is Northpointe Bank, having originated $1,985,000 in loans.
Vidalia, GA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 155 | $29,165,000 | $188,161 |
| Cash Out Refi | 56 | $10,540,000 | $188,214 |
| Home Improvement | 23 | $1,375,000 | $59,783 |
| Refi | 18 | $2,580,000 | $143,333 |
| Other | 13 | $975,000 | $75,000 |
Vidalia's most frequently cited loan purpose was Home Purchase, with 155 originations. The 2nd most popular reason was Cash Out Refi, with 56 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 104 | $20,810,000 | $200,096 |
| Over 8% | 68 | $7,650,000 | $112,500 |
| 5-6% | 41 | $8,395,000 | $204,756 |
| 7-8% | 36 | $6,350,000 | $176,389 |
| 4-5% | 2 | $390,000 | $195,000 |
During 2023, Vidalia's most frequently originated rate bucket was 6-7%, with 104 originations.
Loan Sizing (Vidalia, GA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 126 | $18,740,000 | $148,730 |
| $100,000 or less | 65 | $3,915,000 | $60,231 |
| $200k-400k | 65 | $17,315,000 | $266,385 |
| $400k-600k | 8 | $3,990,000 | $498,750 |
| $600k-1000k | 1 | $675,000 | $675,000 |
Vidalia's loan sizing saw the bucket of loans from $100k-200k with 126 originations, totaling $18,740,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 129 | $26,445,000 | $205,000 |
| 60-80% | 52 | $9,440,000 | $181,538 |
| 40-60% | 28 | $3,890,000 | $138,929 |
| Under 20% | 19 | $845,000 | $44,474 |
| 20-40% | 16 | $1,480,000 | $92,500 |
| Over 100% | 6 | $1,110,000 | $185,000 |
Vidalia's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 129 originations, totaling $26,445,000 in origination value.