Waycross Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Waycross averaged
6.81%
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
6.64% and
one month ago for the week of 2024-10-03, the
average rate was 5.94%.
Waycross's average rate one year ago was 7.88%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.39%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Waycross 30 Year Fixed Rate | 2024-11-07 | 6.81% |
| Waycross 30 Year Fixed Rate Refi | 2024-11-07 | 7.39% |
| Waycross 15 Year Fixed Rate | 2024-11-07 | 6% |
| Waycross 15 Year Fixed Rate Refi | 2024-11-07 | 6.4% |
| Waycross 30 Year FHA | 2024-11-07 | 6.33% |
| Waycross 30 Year FHA Refi | 2024-11-07 | 6.23% |
| Waycross 30 Year USDA | 2024-11-07 | 6.68% |
| Waycross 30 Year USDA Refi | 2024-11-07 | 6.68% |
| Waycross 30 Year VA | 2024-11-07 | 6.58% |
| Waycross 30 Year VA Refi | 2024-11-07 | 6.14% |
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 44 lenders originated 782
loans during 2023. The total origination value was $129,430,000, with an average loan value of
$165,512.
Waycross's average closing costs are $5,153.
The top Waycross lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
46 loans originated. Their average total fees are
$5,423, which is $619
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Waycross lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC ($5,423), QUICKEN LOANS, LLC ($6,042), .
The lowest rate Waycross lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.62%), QUICKEN LOANS, LLC (6.71%), .
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $29,010,000 | $20,265,000 | -30.1% | 15.7% |
| QUICKEN LOANS, LLC | $18,825,000 | $13,550,000 | -28.0% | 10.5% |
| PrimeSouth Bank | $18,325,000 | $12,760,000 | -30.4% | 9.9% |
| Renasant Bank | $2,135,000 | $11,640,000 | 445.2% | 9.0% |
| Mortgage Research Center, LLC | $5,120,000 | $6,430,000 | 25.6% | 5.0% |
| GUARANTEED RATE, INC. | $7,940,000 | $3,540,000 | -55.4% | 2.7% |
| PENNYMAC LOAN SERVICES, LLC | $2,340,000 | $3,270,000 | 39.7% | 2.5% |
| Ameris Bank | $2,585,000 | $2,960,000 | 14.5% | 2.3% |
| Truist | $2,875,000 | $2,480,000 | -13.7% | 1.9% |
| SOUTHEASTERN Credit Union | $4,275,000 | $2,445,000 | -42.8% | 1.9% |
| 21ST MORTGAGE CORPORATION | $2,610,000 | $2,340,000 | -10.3% | 1.8% |
| NAVY FEDERAL CREDIT UNION | $1,820,000 | $1,760,000 | -3.3% | 1.4% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $1,695,000 | $1,725,000 | 1.8% | 1.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,695,000 | n/a | 1.3% | |
| LOANDEPOT.COM, LLC | $935,000 | $1,410,000 | 50.8% | 1.1% |
| AgFirst Farm Credit Bank | $1,380,000 | $1,400,000 | 1.4% | 1.1% |
| CARDINAL FINANCIAL | $1,085,000 | $1,380,000 | 27.2% | 1.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $505,000 | $1,370,000 | 171.3% | 1.1% |
| Paramount Residential Mortgage Group, Inc. | $430,000 | $1,190,000 | 176.7% | 0.9% |
| BROKER SOLUTIONS, INC. | $280,000 | $1,105,000 | 294.6% | 0.9% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $590,000 | $1,045,000 | 77.1% | 0.8% |
| NEW DAY FINANCIAL, LLC | $795,000 | $1,020,000 | 28.3% | 0.8% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $550,000 | $1,010,000 | 83.6% | 0.8% |
| CMG MORTGAGE, INC. | $1,045,000 | $975,000 | -6.7% | 0.8% |
| PNC Bank | $845,000 | $865,000 | 2.4% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $1,610,000 | $835,000 | -48.1% | 0.6% |
| Plains Commerce Bank | $825,000 | n/a | 0.6% | |
| TOWNE MORTGAGE COMPANY | $810,000 | $740,000 | -8.6% | 0.6% |
| GEORGIA'S OWN | $340,000 | $725,000 | 113.2% | 0.6% |
| Equity Prime Mortgage LLC | $645,000 | $720,000 | 11.6% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $1,045,000 | $665,000 | -36.4% | 0.5% |
| Carrington Mortgage Services, LLC | $285,000 | $665,000 | 133.3% | 0.5% |
| Prosperity Home Mortgage, LLC | $660,000 | n/a | 0.5% | |
| Capital City Home Loans, LLC | $105,000 | $655,000 | 523.8% | 0.5% |
| USAA Federal Savings Bank | $220,000 | $645,000 | 193.2% | 0.5% |
| NEWREZ LLC | $670,000 | $585,000 | -12.7% | 0.5% |
| Bank of England | $260,000 | $570,000 | 119.2% | 0.4% |
| HOMESTAR FINANCIAL CORPORATION | $1,900,000 | $550,000 | -71.1% | 0.4% |
| PLAZA HOME MORTGAGE, INC. | $495,000 | n/a | 0.4% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $220,000 | $490,000 | 122.7% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $875,000 | $485,000 | -44.6% | 0.4% |
| Mid-Continent Funding, Inc. | $575,000 | $480,000 | -16.5% | 0.4% |
| SIRVA MORTGAGE, INC. | $915,000 | $480,000 | -47.5% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $490,000 | $475,000 | -3.1% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $95,000 | $470,000 | 394.7% | 0.4% |
| INTERCOASTAL MORTGAGE COMPANY | $455,000 | n/a | 0.4% | |
| United Community Bank | $1,370,000 | $445,000 | -67.5% | 0.3% |
| CRESCENT MORTGAGE COMPANY | $1,570,000 | $440,000 | -72.0% | 0.3% |
| Magnolia Bank | $370,000 | $440,000 | 18.9% | 0.3% |
| The Federal Savings Bank | $430,000 | n/a | 0.3% | |
| Loan Simple, Inc. | $415,000 | n/a | 0.3% | |
| MILEND, INC. | $410,000 | n/a | 0.3% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $405,000 | n/a | 0.3% | |
| JPMorgan Chase Bank | $345,000 | $390,000 | 13.0% | 0.3% |
| Platinum Home Mortgage Corporation | $380,000 | n/a | 0.3% | |
| Mr. Cooper ( Nationstar Mortgage ) | $725,000 | $370,000 | -49.0% | 0.3% |
| FIRST COMMUNITY MORTGAGE, INC. | $365,000 | n/a | 0.3% | |
| CIS Financial Services, Inc. | $270,000 | $355,000 | 31.5% | 0.3% |
| TOP FLITE FINANCIAL, INC. | $125,000 | $355,000 | 184.0% | 0.3% |
| Summit Mortgage Corporation | $315,000 | n/a | 0.2% | |
| VILLAGE CAPITAL MORTGAGE | $250,000 | $285,000 | 14.0% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,595,000 | $280,000 | -89.2% | 0.2% |
| CLEARPATH LENDING | $215,000 | $265,000 | 23.3% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $265,000 | n/a | 0.2% | |
| INTERSTATE UNLIMITED Federal Credit Union | $700,000 | $265,000 | -62.1% | 0.2% |
| STATE EMPLOYEES' | $265,000 | n/a | 0.2% | |
| FirstBank | $310,000 | $255,000 | -17.7% | 0.2% |
| 1ST SIGNATURE LENDING, LLC | $65,000 | $245,000 | 276.9% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $240,000 | n/a | 0.2% | |
| Bank of America | $550,000 | $240,000 | -56.4% | 0.2% |
| South State Bank | $525,000 | $235,000 | -55.2% | 0.2% |
| Keystone Funding, Inc. | $225,000 | n/a | 0.2% | |
| LENDINGHOME FUNDING CORPORATION | $210,000 | n/a | 0.2% | |
| Operating Engineers Local Union #3 | $205,000 | n/a | 0.2% | |
| SUMMIT FUNDING, INC. | $205,000 | n/a | 0.2% | |
| UNION HOME MORTGAGE CORP. | $195,000 | n/a | 0.2% | |
| GUILD MORTGAGE COMPANY | $265,000 | $185,000 | -30.2% | 0.1% |
| OAKTREE FUNDING CORP. | $185,000 | n/a | 0.1% | |
| First Federal Bank | $175,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $125,000 | $175,000 | 40.0% | 0.1% |
| Nations Lending Corporation | $145,000 | $175,000 | 20.7% | 0.1% |
| NATIONS RELIABLE LENDING, LLC | $275,000 | $175,000 | -36.4% | 0.1% |
| THRIVE MORTGAGE, LLC | $195,000 | $170,000 | -12.8% | 0.1% |
| Synovus Bank | $55,000 | $165,000 | 200.0% | 0.1% |
| Neighborhood Loans, Inc. | $155,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $975,000 | $155,000 | -84.1% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $465,000 | $145,000 | -68.8% | 0.1% |
| STOCKTON MORTGAGE CORPORATION | $95,000 | $145,000 | 52.6% | 0.1% |
| Discover Bank | $140,000 | n/a | 0.1% | |
| Notre Dame Federal Credit Union Corporation | $290,000 | $130,000 | -55.2% | 0.1% |
| AMCAP MORTGAGE, LTD. | $125,000 | n/a | 0.1% | |
| CALIBER HOME LOANS, INC. | $360,000 | $125,000 | -65.3% | 0.1% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $125,000 | n/a | 0.1% | |
| FIRST NATIONAL BANK OF COFFEE COUNTY | $120,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $480,000 | $105,000 | -78.1% | 0.1% |
| Fidelity Bank | $105,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $35,000 | $105,000 | 200.0% | 0.1% |
| KELLER MORTGAGE, LLC | $105,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $105,000 | n/a | 0.1% | |
| Southeastern Bank | $1,105,000 | $105,000 | -90.5% | 0.1% |
| GUARANTY HOME MORTGAGE CORPORATION | $525,000 | $95,000 | -81.9% | 0.1% |
| MIDLAND MORTGAGE CORPORATION | $290,000 | $95,000 | -67.2% | 0.1% |
| South Georgia Bank | $350,000 | $95,000 | -72.9% | 0.1% |
| Figure Lending LLC | $40,000 | $90,000 | 125.0% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $105,000 | $90,000 | -14.3% | 0.1% |
| Blue Ridge Bank | $1,285,000 | $85,000 | -93.4% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $85,000 | n/a | 0.1% | |
| FIRST BANCORP | $75,000 | n/a | 0.1% | |
| The First, A National Banking Association | $75,000 | n/a | 0.1% | |
| COUNTRYPLACE MORTGAGE, LTD. | $65,000 | n/a | 0.1% | |
| FIRST FLORIDA Credit Union | $65,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $75,000 | $65,000 | -13.3% | 0.1% |
| EASTMAN | $55,000 | n/a | 0.0% | |
| Fifth Third Bank | $55,000 | n/a | 0.0% | |
| First-Citizens Bank & Trust Company | $45,000 | $45,000 | 0.0% | 0.0% |
| Northwest Federal Credit Union | $45,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $65,000 | $45,000 | -30.8% | 0.0% |
| Farmers & Merchants Bank | $380,000 | $40,000 | -89.5% | 0.0% |
| Colony Bank | $500,000 | $35,000 | -93.0% | 0.0% |
| Citizens Bank | $540,000 | $15,000 | -97.2% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $15,000 | n/a | 0.0% |
Waycross's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 15.7% market share. In second place, with 10.5%, is QUICKEN LOANS, LLC, having originated $13,550,000 in loans. In third place, with 9.9%, is PrimeSouth Bank, having originated $12,760,000 in loans. In fourth place, with 9.0%, is Renasant Bank, having originated $11,640,000 in loans. In fifth place, with 5.0%, is Mortgage Research Center, LLC, having originated $6,430,000 in loans.
Waycross, GA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 461 | $93,895,000 | $203,677 |
| Refi | 124 | $15,890,000 | $128,145 |
| Cash Out Refi | 87 | $12,725,000 | $146,264 |
| Home Improvement | 62 | $3,500,000 | $56,452 |
| Other | 48 | $3,420,000 | $71,250 |
Waycross's most frequently cited loan purpose was Home Purchase, with 461 originations. The 2nd most popular reason was Refi, with 124 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 263 | $54,175,000 | $205,989 |
| Over 8% | 202 | $16,890,000 | $83,614 |
| 7-8% | 161 | $34,655,000 | $215,248 |
| 5-6% | 104 | $19,940,000 | $191,731 |
| <2.5% | 6 | $80,000 | $13,333 |
| 4-5% | 3 | $685,000 | $228,333 |
| 3-4% | 1 | $105,000 | $105,000 |
During 2023, Waycross's most frequently originated rate bucket was 6-7%, with 263 originations.
Loan Sizing (Waycross, GA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 308 | $44,970,000 | $146,006 |
| $100,000 or less | 273 | $14,785,000 | $54,158 |
| $200k-400k | 179 | $47,665,000 | $266,285 |
| $400k-600k | 19 | $8,635,000 | $454,474 |
| $Over $1MM | 2 | $12,610,000 | $6,305,000 |
| $600k-1000k | 1 | $765,000 | $765,000 |
Waycross's loan sizing saw the bucket of loans from $100k-200k with 308 originations, totaling $44,970,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 353 | $70,795,000 | $200,552 |
| 60-80% | 144 | $22,830,000 | $158,542 |
| 40-60% | 85 | $20,475,000 | $240,882 |
| 20-40% | 73 | $5,185,000 | $71,027 |
| Under 20% | 60 | $2,040,000 | $34,000 |
| Over 100% | 21 | $4,905,000 | $233,571 |
Waycross's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 353 originations, totaling $70,795,000 in origination value.