Waycross Mortgage Rates & Closing Costs

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

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Waycross, GA.

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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 73 4.88% $5,131
QUICKEN LOANS, LLC 46 5.25% $4,981
GUARANTEED RATE, INC. 13 5.11% $4,705
PrimeSouth Bank 10 4.66% $2,533
SOUTHEASTERN Credit Union 7 4.91% $2,494
PENNYMAC LOAN SERVICES, LLC 6 5.45% $5,208
Wells Fargo Bank 5 4.38% $3,515
Renasant Bank 5 4.80% $5,488
Truist 5 4.50% $3,422
ZILLOW HOME LOANS, LLC 4 5.94% $4,400
AMERISAVE MORTGAGE CORPORATION 4 4.31% $7,376
INTERSTATE UNLIMITED Federal Credit Union 4 5.00% $2,021
HOMESTAR FINANCIAL CORPORATION 4 4.94% $3,258
NAVY FEDERAL CREDIT UNION 4 5.88% $3,667
PNC Bank 3 4.79% $2,390
LOANDEPOT.COM, LLC 3 5.25% $5,582
Ameris Bank 3 6.04% $9,016
United Community Bank 3 4.17% $4,289
AMERICAN PACIFIC MORTGAGE CORPORATION 3 5.54% $10,281
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 3 5.46% $5,961
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.25% $4,723
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 4.71% $4,960
LAKEVIEW LOAN SERVICING, LLC 3 4.58% $4,365
Mr. Cooper ( Nationstar Mortgage ) 2 5.69% $5,196
21ST MORTGAGE CORPORATION 2 6.90% $5,606
Colony Bank 2 5.19% $6,121
CRESCENT MORTGAGE COMPANY 2 3.44% $14,927
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.63% $7,239
Servion, Inc. 2 4.31% $2,887
SIRVA MORTGAGE, INC. 2 5.19% $1,082
South State Bank 2 6.31% $5,333
T2 FINANCIAL LLC 2 4.81% $4,561
Wyndham Capital Mortgage, Inc. 2 4.81% $4,101
NFM, INC. 1 6.25% $7,119
NJ LENDERS CORP. 1 6.88% $6,116
North American Savings Bank, F.S.B. 1 5.38% $1,343
Magnolia Bank 1 5.13% $5,306
PENTAGON FEDERAL CREDIT UNION 1 6.00% $1,984
JPMorgan Chase Bank 1 4.63% $9,458
Citibank 1 4.75% $5,353
HOME POINT FINANCIAL CORPORATION 1 5.88% $7,055
GEORGIA'S OWN 1 6.88% $3,306
Regions Bank 1 4.38% $3,544
Flagstar Bank, FSB 1 3.99% $6,108
Citadel Servicing Corporation 1 5.50% $9,845
VYSTAR 1 5.00% $2,260
First Option Mortgage, LLC 1 7.50% $5,035
Blue Ridge Bank 1 4.50% $4,857
AgFirst Farm Credit Bank 1 5.00% $5,265
Third Federal Savings and Loan Association of Cleveland 1 3.34% $295
TOTAL MORTGAGE SERVICES, LLC 1 7.63% $6,705
EVERETT FINANCIAL, INC. 1 4.38% $1,910
Mortgage Research Center, LLC 1 4.38% $2,203
MOVEMENT MORTGAGE, LLC 1 4.50% $3,429
1ST SIGNATURE LENDING, LLC 1 6.63% $4,981
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.99% $8,160
MIDLAND MORTGAGE CORPORATION 1 3.38% $2,884
NexBank 1 5.25% $3,755

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.