Waycross Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Waycross averaged
7.14%
for the week of 2023-11-30, compared to the national average of
7.22% for the same period.
The average rate for the prior week (2023-11-22) was
7.01% and
one month ago for the week of 2023-10-26, the
average rate was 7.51%.
Waycross's average rate one year ago was 6.2%.
For refis of the same type during the week of 2023-11-30, the average rate
was 7.62%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-11-30 | 7.22% |
| Waycross 30 Year Fixed Rate | 2023-11-30 | 7.14% |
| Waycross 30 Year Fixed Rate Refi | 2023-11-30 | 7.62% |
| Waycross 15 Year Fixed Rate | 2023-11-30 | 6.56% |
| Waycross 15 Year Fixed Rate Refi | 2023-11-30 | 6.96% |
| Waycross 30 Year FHA | 2023-11-30 | 6.5% |
| Waycross 30 Year FHA Refi | 2023-11-30 | 7.05% |
| Waycross 30 Year USDA | 2023-11-30 | 7% |
| Waycross 30 Year USDA Refi | 2023-11-30 | 6.8% |
| Waycross 30 Year VA | 2023-11-30 | 6.41% |
| Waycross 30 Year VA Refi | 2023-11-30 | 6.57% |
Waycross 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 Waycross, 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.).
Waycross Average Closing Costs & Other Stats
Waycross, GA's 58 lenders originated 989
loans during 2022. The total origination value was $157,505,000, with an average loan value of
$159,257.
Waycross's average closing costs are $4,868.
The top Waycross lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
73 loans originated. Their average total fees are
$5,131, which is $150
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Waycross lenders (with over 10 loans originated) are
PrimeSouth Bank ($2,533), GUARANTEED RATE, INC. ($4,705), QUICKEN LOANS, LLC ($4,981), UNITED WHOLESALE MORTGAGE, LLC ($5,131) and .
The lowest rate Waycross lenders (with over 10 loans originated) are
PrimeSouth Bank (4.66%), UNITED WHOLESALE MORTGAGE, LLC (4.88%), GUARANTEED RATE, INC. (5.11%), QUICKEN LOANS, LLC (5.25%) and .
Waycross, 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $34,295,000 | $29,010,000 | -15.4% | 18.4% |
| QUICKEN LOANS, LLC | $24,535,000 | $18,825,000 | -23.3% | 12.0% |
| PrimeSouth Bank | $17,045,000 | $18,325,000 | 7.5% | 11.6% |
| GUARANTEED RATE, INC. | $9,710,000 | $7,940,000 | -18.2% | 5.0% |
| Mortgage Research Center, LLC | $5,785,000 | $5,120,000 | -11.5% | 3.3% |
| SOUTHEASTERN Credit Union | $2,870,000 | $4,275,000 | 49.0% | 2.7% |
| Truist | $3,765,000 | $2,875,000 | -23.6% | 1.8% |
| 21ST MORTGAGE CORPORATION | $1,845,000 | $2,610,000 | 41.5% | 1.7% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,090,000 | $2,595,000 | 138.1% | 1.6% |
| Ameris Bank | $1,860,000 | $2,585,000 | 39.0% | 1.6% |
| PENNYMAC LOAN SERVICES, LLC | $2,385,000 | $2,340,000 | -1.9% | 1.5% |
| Renasant Bank | $4,260,000 | $2,135,000 | -49.9% | 1.4% |
| HOMESTAR FINANCIAL CORPORATION | $755,000 | $1,900,000 | 151.7% | 1.2% |
| NAVY FEDERAL CREDIT UNION | $1,195,000 | $1,820,000 | 52.3% | 1.2% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $185,000 | $1,695,000 | 816.2% | 1.1% |
| FREEDOM MORTGAGE CORPORATION | $7,040,000 | $1,610,000 | -77.1% | 1.0% |
| Wells Fargo Bank | $1,400,000 | $1,610,000 | 15.0% | 1.0% |
| CRESCENT MORTGAGE COMPANY | $4,920,000 | $1,570,000 | -68.1% | 1.0% |
| HOME POINT FINANCIAL CORPORATION | $750,000 | $1,520,000 | 102.7% | 1.0% |
| AgFirst Farm Credit Bank | $2,025,000 | $1,380,000 | -31.9% | 0.9% |
| United Community Bank | $1,425,000 | $1,370,000 | -3.9% | 0.9% |
| Blue Ridge Bank | $2,860,000 | $1,285,000 | -55.1% | 0.8% |
| Southeastern Bank | $210,000 | $1,105,000 | 426.2% | 0.7% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,105,000 | $1,085,000 | -1.8% | 0.7% |
| AMERISAVE MORTGAGE CORPORATION | $2,330,000 | $1,045,000 | -55.2% | 0.7% |
| CMG MORTGAGE, INC. | $480,000 | $1,045,000 | 117.7% | 0.7% |
| ZILLOW HOME LOANS, LLC | $215,000 | $975,000 | 353.5% | 0.6% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $155,000 | $955,000 | 516.1% | 0.6% |
| LOANDEPOT.COM, LLC | $1,850,000 | $935,000 | -49.5% | 0.6% |
| Flagstar Bank, FSB | $320,000 | $920,000 | 187.5% | 0.6% |
| SIRVA MORTGAGE, INC. | $915,000 | n/a | 0.6% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $705,000 | $875,000 | 24.1% | 0.6% |
| PNC Bank | $170,000 | $845,000 | 397.1% | 0.5% |
| TOWNE MORTGAGE COMPANY | $750,000 | $810,000 | 8.0% | 0.5% |
| NEW DAY FINANCIAL, LLC | $1,015,000 | $795,000 | -21.7% | 0.5% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $680,000 | $730,000 | 7.4% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,545,000 | $725,000 | -71.5% | 0.5% |
| LAKEVIEW LOAN SERVICING, LLC | $670,000 | $710,000 | 6.0% | 0.5% |
| INTERSTATE UNLIMITED Federal Credit Union | $90,000 | $700,000 | 677.8% | 0.4% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $240,000 | $675,000 | 181.3% | 0.4% |
| NEWREZ LLC | $3,910,000 | $670,000 | -82.9% | 0.4% |
| Equity Prime Mortgage LLC | $145,000 | $645,000 | 344.8% | 0.4% |
| Wyndham Capital Mortgage, Inc. | $265,000 | $630,000 | 137.7% | 0.4% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $175,000 | $590,000 | 237.1% | 0.4% |
| Mid-Continent Funding, Inc. | $145,000 | $575,000 | 296.6% | 0.4% |
| Bank of America | $540,000 | $550,000 | 1.9% | 0.3% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $75,000 | $550,000 | 633.3% | 0.3% |
| T2 FINANCIAL LLC | $550,000 | n/a | 0.3% | |
| Pineland Bank | $710,000 | $545,000 | -23.2% | 0.3% |
| Citizens Bank | $1,105,000 | $540,000 | -51.1% | 0.3% |
| TRIAD FINANCIAL SERVICES, INC. | $1,060,000 | $540,000 | -49.1% | 0.3% |
| Alcova Mortgage LLC | $530,000 | n/a | 0.3% | |
| GUARANTY HOME MORTGAGE CORPORATION | $810,000 | $525,000 | -35.2% | 0.3% |
| South State Bank | $395,000 | $525,000 | 32.9% | 0.3% |
| Heritage Southeast Bank | $395,000 | $505,000 | 27.8% | 0.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $835,000 | $505,000 | -39.5% | 0.3% |
| Colony Bank | $440,000 | $500,000 | 13.6% | 0.3% |
| Barrington Bank & Trust Company, N.A. | $435,000 | $490,000 | 12.6% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $105,000 | $480,000 | 357.1% | 0.3% |
| SOUTHWEST STAGE FUNDING, LLC | $445,000 | $465,000 | 4.5% | 0.3% |
| PENTAGON FEDERAL CREDIT UNION | $250,000 | $460,000 | 84.0% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $165,000 | $430,000 | 160.6% | 0.3% |
| Farmers & Merchants Bank | $35,000 | $380,000 | 985.7% | 0.2% |
| Magnolia Bank | $85,000 | $370,000 | 335.3% | 0.2% |
| CALIBER HOME LOANS, INC. | $465,000 | $360,000 | -22.6% | 0.2% |
| Servion, Inc. | $235,000 | $350,000 | 48.9% | 0.2% |
| South Georgia Bank | $350,000 | n/a | 0.2% | |
| ACADEMY MORTGAGE CORPORATION | $345,000 | n/a | 0.2% | |
| JPMorgan Chase Bank | $95,000 | $345,000 | 263.2% | 0.2% |
| GEORGIA'S OWN | $340,000 | n/a | 0.2% | |
| Northpointe Bank | $525,000 | $325,000 | -38.1% | 0.2% |
| FirstBank | $155,000 | $310,000 | 100.0% | 0.2% |
| BAY EQUITY LLC | $210,000 | $305,000 | 45.2% | 0.2% |
| NJ LENDERS CORP. | $305,000 | n/a | 0.2% | |
| MIDLAND MORTGAGE CORPORATION | $1,205,000 | $290,000 | -75.9% | 0.2% |
| Notre Dame Federal Credit Union Corporation | $195,000 | $290,000 | 48.7% | 0.2% |
| Carrington Mortgage Services, LLC | $260,000 | $285,000 | 9.6% | 0.2% |
| HANCOCK MORTGAGE PARTNERS, LLC | $245,000 | $285,000 | 16.3% | 0.2% |
| BROKER SOLUTIONS, INC. | $1,850,000 | $280,000 | -84.9% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $280,000 | n/a | 0.2% | |
| NATIONS RELIABLE LENDING, LLC | $275,000 | n/a | 0.2% | |
| CIS Financial Services, Inc. | $270,000 | n/a | 0.2% | |
| VYSTAR | $270,000 | n/a | 0.2% | |
| BM Real Estate Services, Inc. | $265,000 | n/a | 0.2% | |
| GUILD MORTGAGE COMPANY | $470,000 | $265,000 | -43.6% | 0.2% |
| Bank of England | $715,000 | $260,000 | -63.6% | 0.2% |
| Citadel Servicing Corporation | $255,000 | n/a | 0.2% | |
| VILLAGE CAPITAL MORTGAGE | $815,000 | $250,000 | -69.3% | 0.2% |
| BELEM SERVICING LLC | $225,000 | n/a | 0.1% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $225,000 | n/a | 0.1% | |
| ROBINS FINANCIAL | $225,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $105,000 | $220,000 | 109.5% | 0.1% |
| NUMARK CREDIT UNION | $25,000 | $220,000 | 780.0% | 0.1% |
| USAA Federal Savings Bank | $1,455,000 | $220,000 | -84.9% | 0.1% |
| CLEARPATH LENDING | $595,000 | $215,000 | -63.9% | 0.1% |
| ATLANTA POSTAL | $205,000 | n/a | 0.1% | |
| North American Savings Bank, F.S.B. | $205,000 | n/a | 0.1% | |
| Thomasville National Bank | $205,000 | n/a | 0.1% | |
| Arvest Bank | $195,000 | n/a | 0.1% | |
| Century Mortgage Company DBA Century Lending Company | $335,000 | $195,000 | -41.8% | 0.1% |
| Regions Bank | $195,000 | $195,000 | 0.0% | 0.1% |
| THRIVE MORTGAGE, LLC | $195,000 | n/a | 0.1% | |
| SOUTHEAST MORTGAGE OF GEORGIA, INC. | $185,000 | n/a | 0.1% | |
| THE MORTGAGE FIRM, INC. | $225,000 | $185,000 | -17.8% | 0.1% |
| NexBank | $175,000 | n/a | 0.1% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $145,000 | $175,000 | 20.7% | 0.1% |
| MLD MORTGAGE INC. | $165,000 | n/a | 0.1% | |
| TOTAL MORTGAGE SERVICES, LLC | $165,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $155,000 | n/a | 0.1% | |
| Chicago Mortgage Solutions LLC | $185,000 | $145,000 | -21.6% | 0.1% |
| Nations Lending Corporation | $145,000 | n/a | 0.1% | |
| NFM, INC. | $145,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $135,000 | n/a | 0.1% | |
| ACOPIA, LLC | $125,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $125,000 | n/a | 0.1% | |
| Citibank | $125,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $565,000 | $125,000 | -77.9% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $125,000 | n/a | 0.1% | |
| MORIA DEVELOPMENT, INC. | $115,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $250,000 | $115,000 | -54.0% | 0.1% |
| Capital City Home Loans, LLC | $165,000 | $105,000 | -36.4% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $420,000 | $105,000 | -75.0% | 0.1% |
| LOANPAL, LLC | $75,000 | $105,000 | 40.0% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $105,000 | n/a | 0.1% | |
| U.S. Bank | $740,000 | $105,000 | -85.8% | 0.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $175,000 | $95,000 | -45.7% | 0.1% |
| First Option Mortgage, LLC | $95,000 | n/a | 0.1% | |
| GEORGIA UNITED | $95,000 | n/a | 0.1% | |
| MORTGAGE INVESTORS GROUP, INC. | $95,000 | n/a | 0.1% | |
| STOCKTON MORTGAGE CORPORATION | $115,000 | $95,000 | -17.4% | 0.1% |
| ALLEGACY FEDERAL CREDIT UNION | $75,000 | n/a | 0.0% | |
| AMERICAN ADVISORS GROUP | $65,000 | $75,000 | 15.4% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $75,000 | n/a | 0.0% | |
| Guardian Bank | $265,000 | $70,000 | -73.6% | 0.0% |
| 1ST SIGNATURE LENDING, LLC | $295,000 | $65,000 | -78.0% | 0.0% |
| BancorpSouth Bank | $65,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $65,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $65,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $55,000 | n/a | 0.0% | |
| Synovus Bank | $300,000 | $55,000 | -81.7% | 0.0% |
| CONSUMERS COOPERATIVE CREDIT UNION | $45,000 | n/a | 0.0% | |
| First-Citizens Bank & Trust Company | $45,000 | n/a | 0.0% | |
| Figure Lending LLC | $110,000 | $40,000 | -63.6% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $35,000 | n/a | 0.0% |
Waycross's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 18.4% market share. In second place, with 12.0%, is QUICKEN LOANS, LLC, having originated $18,825,000 in loans. In third place, with 11.6%, is PrimeSouth Bank, having originated $18,325,000 in loans. In fourth place, with 5.0%, is GUARANTEED RATE, INC., having originated $7,940,000 in loans. In fifth place, with 3.3%, is Mortgage Research Center, LLC, having originated $5,120,000 in loans.
Waycross, GA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 594 | $107,990,000 | $181,801 |
| Refi | 194 | $22,850,000 | $117,784 |
| Cash Out Refi | 146 | $22,410,000 | $153,493 |
| Home Improvement | 27 | $1,855,000 | $68,704 |
| Other | 27 | $2,175,000 | $80,556 |
| NA | 1 | $225,000 | $225,000 |
Waycross's most frequently cited loan purpose was Home Purchase, with 594 originations. The 2nd most popular reason was Refi, with 194 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 270 | $44,070,000 | $163,222 |
| 5-6% | 268 | $43,700,000 | $163,060 |
| 3-4% | 169 | $32,785,000 | $193,994 |
| 6-7% | 135 | $18,225,000 | $135,000 |
| 2.5-3% | 44 | $6,800,000 | $154,545 |
| 7-8% | 42 | $4,340,000 | $103,333 |
| Over 8% | 23 | $1,925,000 | $83,696 |
| <2.5% | 16 | $2,500,000 | $156,250 |
During 2022, Waycross's most frequently originated rate bucket was 4-5%, with 270 originations.
Loan Sizing (Waycross, GA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 413 | $60,165,000 | $145,678 |
| $100,000 or less | 305 | $18,095,000 | $59,328 |
| $200k-400k | 241 | $64,465,000 | $267,490 |
| $400k-600k | 28 | $12,780,000 | $456,429 |
| $600k-1000k | 1 | $805,000 | $805,000 |
| $Over $1MM | 1 | $1,195,000 | $1,195,000 |
Waycross's loan sizing saw the bucket of loans from $100k-200k with 413 originations, totaling $60,165,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 523 | $99,975,000 | $191,157 |
| 60-80% | 220 | $33,360,000 | $151,636 |
| 40-60% | 114 | $12,410,000 | $108,860 |
| 20-40% | 65 | $3,765,000 | $57,923 |
| Under 20% | 26 | $990,000 | $38,077 |
| Over 100% | 15 | $3,285,000 | $219,000 |
Waycross's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 523 originations, totaling $99,975,000 in origination value.