District of Columbia Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in District Of Columbia averaged
6.63%
for the week of 2024-04-11, compared to the national average of
6.88% for the same period.
The average rate for the prior week (2024-04-04) was
6.47% and
one month ago for the week of 2024-03-07, the
average rate was 6.53%.
District Of Columbia's average rate one year ago was 5.73%.
For refis of the same type during the week of 2024-04-11, the average rate
was 6.77%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-04-11 | 6.88% |
| District Of Columbia 30 Year Fixed Rate | 2024-04-11 | 6.63% |
| District Of Columbia 30 Year Fixed Rate Refi | 2024-04-11 | 6.77% |
| District Of Columbia 15 Year Fixed Rate | 2024-04-11 | 5.89% |
| District Of Columbia 15 Year Fixed Rate Refi | 2024-04-11 | 6.66% |
| District Of Columbia 30 Year FHA | 2024-04-11 | 6.61% |
| District Of Columbia 30 Year FHA Refi | 2024-04-11 | 6.74% |
| District Of Columbia 30 Year VA | 2024-04-11 | 6.37% |
| District Of Columbia 30 Year VA Refi | 2024-04-11 | 6.57% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within District of Columbia.
District of Columbia 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 District of Columbia 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.).
District of Columbia Average Closing Costs & Other Stats
District of Columbia's 235 lenders originated 8,597
loans during 2023. The total origination value was $6,102,925,000, with an average loan value of
$709,890.
District of Columbia's average closing costs are $7,170.
The top District of Columbia lender as defined by loan originations is FIRST SAVINGS MORTGAGE CORPORATION, with
400 loans originated. Their average total fees are
$9,423, which is $855
lower than the next largest lender,
FIRST HOME MORTGAGE CORPORATION.
The lowest fee District of Columbia lenders (with over 10 loans originated) are
NATIONAL COOPERATIVE BANK, N.A. ($2,918), Charles Schwab Bank, SSB ($5,478), Wells Fargo Bank ($5,610), Bank-Fund Staff Federal Credit Union ($5,627) and United Nations Federal Credit Union ($5,796).
The lowest rate District of Columbia lenders (with over 10 loans originated) are
IDB Global Federal Credit Union (5.25%), Charles Schwab Bank, SSB (5.29%), Citibank (5.39%), United Nations Federal Credit Union (5.48%) and Wells Fargo Bank (5.59%).
District of Columbia 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 |
|---|---|---|---|---|
| Wells Fargo Bank | $458,600,000 | $438,250,000 | -4.4% | 7.2% |
| WALKER & DUNLOP, LLC | $6,565,000 | $336,810,000 | 5,030.4% | 5.5% |
| Citibank | $318,050,000 | $291,070,000 | -8.5% | 4.8% |
| FIRST SAVINGS MORTGAGE CORPORATION | $517,830,000 | $283,640,000 | -45.2% | 4.6% |
| JPMorgan Chase Bank | $468,390,000 | $270,145,000 | -42.3% | 4.4% |
| PNC Bank | $249,485,000 | $262,315,000 | 5.1% | 4.3% |
| FIRST HOME MORTGAGE CORPORATION | $276,775,000 | $180,780,000 | -34.7% | 3.0% |
| Truist | $442,550,000 | $177,440,000 | -59.9% | 2.9% |
| Prosperity Home Mortgage, LLC | $221,405,000 | $135,640,000 | -38.7% | 2.2% |
| QUICKEN LOANS, LLC | $244,820,000 | $121,905,000 | -50.2% | 2.0% |
| Bank of America | $284,420,000 | $111,015,000 | -61.0% | 1.8% |
| George Mason Mortgage, LLC | $221,895,000 | $101,695,000 | -54.2% | 1.7% |
| Barings Multifamily Capital | $93,130,000 | n/a | 1.5% | |
| Vellum Mortgage, Inc. | $112,785,000 | $81,025,000 | -28.2% | 1.3% |
| NAVY FEDERAL CREDIT UNION | $86,460,000 | $80,550,000 | -6.8% | 1.3% |
| Bank-Fund Staff Federal Credit Union | $186,215,000 | $79,760,000 | -57.2% | 1.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $106,475,000 | $79,640,000 | -25.2% | 1.3% |
| Prudential Huntoon Paige Associates, LLC | $184,905,000 | $77,830,000 | -57.9% | 1.3% |
| TD Bank | $111,865,000 | $75,520,000 | -32.5% | 1.2% |
| Sandy Spring Bank | $178,235,000 | $71,850,000 | -59.7% | 1.2% |
| Amalgamated Bank | $60,105,000 | $70,665,000 | 17.6% | 1.2% |
| Morgan Stanley Private Bank | $94,840,000 | $70,425,000 | -25.7% | 1.2% |
| MainStreet Bank | $190,360,000 | $67,345,000 | -64.6% | 1.1% |
| MOVEMENT MORTGAGE, LLC | $70,465,000 | $67,190,000 | -4.6% | 1.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $87,035,000 | $66,665,000 | -23.4% | 1.1% |
| Hingham Institution for Savings | $243,500,000 | $66,560,000 | -72.7% | 1.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $153,305,000 | $61,805,000 | -59.7% | 1.0% |
| GUARANTEED RATE, INC. | $121,235,000 | $61,040,000 | -49.7% | 1.0% |
| Atlantic Coast Mortgage, LLC | $136,220,000 | $59,420,000 | -56.4% | 1.0% |
| Citizens Bank | $84,690,000 | $57,540,000 | -32.1% | 0.9% |
| Capital Bank | $79,060,000 | $54,880,000 | -30.6% | 0.9% |
| CALIBER HOME LOANS, INC. | $227,135,000 | $53,715,000 | -76.4% | 0.9% |
| Regions Bank | $1,995,000 | $50,380,000 | 2,425.3% | 0.8% |
| United Nations Federal Credit Union | $51,480,000 | $49,655,000 | -3.5% | 0.8% |
| EMBRACE HOME LOANS, INC. | $65,020,000 | $49,565,000 | -23.8% | 0.8% |
| INTERCOASTAL MORTGAGE COMPANY | $131,555,000 | $49,395,000 | -62.5% | 0.8% |
| U.S. Bank | $102,825,000 | $46,745,000 | -54.5% | 0.8% |
| CMG MORTGAGE, INC. | $23,030,000 | $45,110,000 | 95.9% | 0.7% |
| PGIM Real Estate Finance, LLC | $13,005,000 | $44,005,000 | 238.4% | 0.7% |
| Fulton Bank | $44,000,000 | $41,885,000 | -4.8% | 0.7% |
| First National Bank of Pennsylvania | $38,890,000 | $41,200,000 | 5.9% | 0.7% |
| The National Capital Bank of Washington | $37,440,000 | n/a | 0.6% | |
| CROSSCOUNTRY MORTGAGE, LLC | $43,030,000 | $36,075,000 | -16.2% | 0.6% |
| NEWREZ LLC | $21,115,000 | $33,495,000 | 58.6% | 0.5% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $17,145,000 | $31,590,000 | 84.3% | 0.5% |
| M&T Bank | $50,260,000 | $28,950,000 | -42.4% | 0.5% |
| United Bank | $64,930,000 | $27,910,000 | -57.0% | 0.5% |
| LOANDEPOT.COM, LLC | $93,360,000 | $27,770,000 | -70.3% | 0.5% |
| DOMINION FINANCIAL SERVICES, LLC | $21,880,000 | $27,300,000 | 24.8% | 0.4% |
| NFM, INC. | $60,130,000 | $26,645,000 | -55.7% | 0.4% |
| BAY EQUITY LLC | $14,460,000 | $25,835,000 | 78.7% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $50,110,000 | $25,585,000 | -48.9% | 0.4% |
| PENTAGON FEDERAL CREDIT UNION | $60,625,000 | $23,710,000 | -60.9% | 0.4% |
| Goldman Sachs Bank USA | $17,085,000 | $23,220,000 | 35.9% | 0.4% |
| HOMESPIRE MORTGAGE CORPORATION | $88,645,000 | $22,395,000 | -74.7% | 0.4% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $40,740,000 | $21,445,000 | -47.4% | 0.4% |
| First Heritage Mortgage, LLC | $20,005,000 | $19,775,000 | -1.1% | 0.3% |
| EagleBank | $306,315,000 | $18,665,000 | -93.9% | 0.3% |
| LENDINGHOME FUNDING CORPORATION | $17,300,000 | $17,415,000 | 0.7% | 0.3% |
| HOMESIDE FINANCIAL, LLC | $26,390,000 | $17,355,000 | -34.2% | 0.3% |
| Mortgage Research Center, LLC | $20,905,000 | $17,195,000 | -17.7% | 0.3% |
| Industrial Bank | $13,490,000 | $16,995,000 | 26.0% | 0.3% |
| WesBanco | $23,315,000 | $15,950,000 | -31.6% | 0.3% |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $23,185,000 | $15,800,000 | -31.9% | 0.3% |
| Citadel Servicing Corporation | $5,710,000 | $14,930,000 | 161.5% | 0.2% |
| American Mortgage & Equity Consultants, Inc. | $14,050,000 | n/a | 0.2% | |
| CARDINAL FINANCIAL | $18,705,000 | $13,770,000 | -26.4% | 0.2% |
| GUARANTEED RATE AFFINITY, LLC | $24,265,000 | $13,730,000 | -43.4% | 0.2% |
| Charles Schwab Bank, SSB | $36,590,000 | $13,370,000 | -63.5% | 0.2% |
| EVERETT FINANCIAL, INC. | $16,575,000 | $13,370,000 | -19.3% | 0.2% |
| UBS Bank USA | $41,725,000 | $13,365,000 | -68.0% | 0.2% |
| TOWER | $24,020,000 | $13,360,000 | -44.4% | 0.2% |
| City National Bank | $32,955,000 | $12,385,000 | -62.4% | 0.2% |
| IDB Global Federal Credit Union | $34,960,000 | $11,900,000 | -66.0% | 0.2% |
| The Federal Savings Bank | $25,600,000 | $10,845,000 | -57.6% | 0.2% |
| M&T Realty Capital Corporation | $10,555,000 | n/a | 0.2% | |
| Mr. Cooper ( Nationstar Mortgage ) | $38,055,000 | $10,435,000 | -72.6% | 0.2% |
| FVCbank | $10,070,000 | n/a | 0.2% | |
| FREEDOM MORTGAGE CORPORATION | $16,825,000 | $9,820,000 | -41.6% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $7,475,000 | $9,485,000 | 26.9% | 0.2% |
| STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED | $31,015,000 | $9,455,000 | -69.5% | 0.2% |
| Towne Bank | $19,740,000 | $9,220,000 | -53.3% | 0.2% |
| NATIONAL COOPERATIVE BANK, N.A. | $16,720,000 | $9,135,000 | -45.4% | 0.1% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $5,535,000 | $8,860,000 | 60.1% | 0.1% |
| Ameris Bank | $9,770,000 | $8,740,000 | -10.5% | 0.1% |
| NVR Mortgage Finance, Inc. | $15,015,000 | $8,450,000 | -43.7% | 0.1% |
| CENTER STREET LENDING VIII, LLC | $1,980,000 | $8,185,000 | 313.4% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $10,445,000 | $8,000,000 | -23.4% | 0.1% |
| BNY Mellon | $7,655,000 | $7,880,000 | 2.9% | 0.1% |
| BETTER MORTGAGE CORPORATION | $32,155,000 | $7,745,000 | -75.9% | 0.1% |
| UNION HOME MORTGAGE CORP. | $4,510,000 | $7,665,000 | 70.0% | 0.1% |
| Presidential Bank, FSB | $10,425,000 | $7,405,000 | -29.0% | 0.1% |
| LAFAYETTE FEDERAL CREDIT UNION | $7,185,000 | $7,095,000 | -1.3% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $7,030,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $10,555,000 | $6,920,000 | -34.4% | 0.1% |
| Flagstar Bank, FSB | $16,775,000 | $6,895,000 | -58.9% | 0.1% |
| Grandbridge Real Estate Capital LLC | $6,855,000 | n/a | 0.1% | |
| NBKC BANK | $13,120,000 | $6,840,000 | -47.9% | 0.1% |
| Atlantic Union Bank | $12,105,000 | $6,680,000 | -44.8% | 0.1% |
| DAS Acquisition Company, LLC | $440,000 | $6,515,000 | 1,380.7% | 0.1% |
| Virginia National Bank | $1,475,000 | $6,475,000 | 339.0% | 0.1% |
| State Department Federal Credit Union | $18,470,000 | $6,470,000 | -65.0% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $15,970,000 | $6,390,000 | -60.0% | 0.1% |
| First Republic Bank | $56,295,000 | $6,385,000 | -88.7% | 0.1% |
| Watermark Capital, Inc. | $1,635,000 | $6,315,000 | 286.2% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $13,170,000 | $6,190,000 | -53.0% | 0.1% |
| MCLEAN MORTGAGE CORPORATION | $107,840,000 | $6,175,000 | -94.3% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $36,750,000 | $6,075,000 | -83.5% | 0.1% |
| Mabrey Bank | $7,005,000 | $6,075,000 | -13.3% | 0.1% |
| The Huntington National Bank | $8,045,000 | $5,715,000 | -29.0% | 0.1% |
| Shore United Bank | $1,970,000 | $5,655,000 | 187.1% | 0.1% |
| OCMBC, INC. | $680,000 | $5,520,000 | 711.8% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $5,475,000 | n/a | 0.1% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $4,035,000 | $5,465,000 | 35.4% | 0.1% |
| USAA Federal Savings Bank | $6,170,000 | $5,295,000 | -14.2% | 0.1% |
| SWBC MORTGAGE CORPORATION | $9,820,000 | $5,255,000 | -46.5% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $9,420,000 | $5,205,000 | -44.7% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $2,445,000 | $5,200,000 | 112.7% | 0.1% |
| Raymond James Bank | $5,750,000 | $5,135,000 | -10.7% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $335,000 | $5,020,000 | 1,398.5% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $5,235,000 | $4,780,000 | -8.7% | 0.1% |
| JAMS-01, INC. | $9,830,000 | $4,760,000 | -51.6% | 0.1% |
| KeyBank | $11,480,000 | $4,695,000 | -59.1% | 0.1% |
| Burke & Herbert Bank & Trust Company | $20,460,000 | $4,605,000 | -77.5% | 0.1% |
| Stifel Bank and Trust | $6,385,000 | $4,395,000 | -31.2% | 0.1% |
| ARLINGTON COMMUNITY | $8,085,000 | $4,365,000 | -46.0% | 0.1% |
| BNC National Bank | $6,600,000 | $4,345,000 | -34.2% | 0.1% |
| The Freedom Bank of Virginia | $14,725,000 | $4,265,000 | -71.0% | 0.1% |
| NEXTMARK | $6,685,000 | $4,240,000 | -36.6% | 0.1% |
| NexBank | $2,245,000 | $4,145,000 | 84.6% | 0.1% |
| The Northern Trust Company | $355,000 | $4,085,000 | 1,050.7% | 0.1% |
| Logan Finance Corporation | $555,000 | $4,075,000 | 634.2% | 0.1% |
| THRIVE MORTGAGE, LLC | $8,170,000 | $4,055,000 | -50.4% | 0.1% |
| Carrington Mortgage Services, LLC | $5,480,000 | $3,900,000 | -28.8% | 0.1% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $195,000 | $3,850,000 | 1,874.4% | 0.1% |
| A&D Mortgage LLC | $2,160,000 | $3,770,000 | 74.5% | 0.1% |
| COMMONWEALTH ONE FEDERAL CREDIT UNION | $695,000 | $3,705,000 | 433.1% | 0.1% |
| Plains Commerce Bank | $7,820,000 | $3,690,000 | -52.8% | 0.1% |
| CONTOUR MORTGAGE CORPORATION | $3,580,000 | n/a | 0.1% | |
| USAlliance Federal Credit Union | $765,000 | $3,555,000 | 364.7% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $5,815,000 | $3,495,000 | -39.9% | 0.1% |
| Alcova Mortgage LLC | $1,410,000 | $3,455,000 | 145.0% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $7,040,000 | $3,370,000 | -52.1% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $3,570,000 | $3,345,000 | -6.3% | 0.1% |
| United States Senate Federal Credit Union | $5,025,000 | $3,340,000 | -33.5% | 0.1% |
| LENDSURE MORTGAGE CORP. | $3,545,000 | $3,325,000 | -6.2% | 0.1% |
| BROKER SOLUTIONS, INC. | $14,635,000 | $3,305,000 | -77.4% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $3,190,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $6,140,000 | $3,160,000 | -48.5% | 0.1% |
| ARC HOME LLC | $4,220,000 | $3,155,000 | -25.2% | 0.1% |
| Bethpage Federal Credit Union | $2,595,000 | $3,110,000 | 19.8% | 0.1% |
| Ally Bank | $7,715,000 | $3,025,000 | -60.8% | 0.0% |
| Congressional Bank | $23,805,000 | $3,015,000 | -87.3% | 0.0% |
| PHH Mortgage Corporation | $5,010,000 | $3,005,000 | -40.0% | 0.0% |
| Hometown Equity Mortgage, LLC | $1,545,000 | $2,990,000 | 93.5% | 0.0% |
| GENEVA FINANCIAL, LLC | $610,000 | $2,870,000 | 370.5% | 0.0% |
| Figure Lending LLC | $5,675,000 | $2,820,000 | -50.3% | 0.0% |
| DIRECT MORTGAGE LOANS, LLC | $1,200,000 | $2,765,000 | 130.4% | 0.0% |
| Discover Bank | $1,480,000 | $2,750,000 | 85.8% | 0.0% |
| NEXERA HOLDING LLC | $2,735,000 | n/a | 0.0% | |
| ENVOY MORTGAGE, LTD | $2,460,000 | $2,610,000 | 6.1% | 0.0% |
| Bank of Clarke County | $1,475,000 | $2,575,000 | 74.6% | 0.0% |
| SOMERSET TRUST COMPANY | $2,515,000 | n/a | 0.0% | |
| Pinnacle Bank | $2,995,000 | $2,445,000 | -18.4% | 0.0% |
| Capitol Federal Savings Bank | $2,690,000 | $2,395,000 | -11.0% | 0.0% |
| OceanFirst Bank | $2,375,000 | n/a | 0.0% | |
| RCN Capital, LLC | $5,625,000 | $2,350,000 | -58.2% | 0.0% |
| COREVEST AMERICAN FINANCE LENDER LLC | $38,130,000 | $2,305,000 | -94.0% | 0.0% |
| THE MORTGAGE LINK, INC. | $8,490,000 | $2,275,000 | -73.2% | 0.0% |
| AMWEST FUNDING CORP. | $1,635,000 | $2,240,000 | 37.0% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $3,680,000 | $2,200,000 | -40.2% | 0.0% |
| Evolve Bank & Trust | $2,475,000 | $2,160,000 | -12.7% | 0.0% |
| John Marshall Bank | $8,005,000 | $2,075,000 | -74.1% | 0.0% |
| Northwest Federal Credit Union | $3,195,000 | $2,050,000 | -35.8% | 0.0% |
| Farmers Bank & Trust | $2,035,000 | n/a | 0.0% | |
| Wilmington Savings Fund Society, FSB | $865,000 | $2,005,000 | 131.8% | 0.0% |
| GUILD MORTGAGE COMPANY | $1,985,000 | n/a | 0.0% | |
| ADVANCIAL | $1,950,000 | n/a | 0.0% | |
| ACADEMY MORTGAGE CORPORATION | $2,155,000 | $1,910,000 | -11.4% | 0.0% |
| Fifth Third Bank | $1,290,000 | $1,905,000 | 47.7% | 0.0% |
| JUSTICE Federal Credit Union | $3,570,000 | $1,875,000 | -47.5% | 0.0% |
| BMO Harris Bank | $320,000 | $1,865,000 | 482.8% | 0.0% |
| First-Citizens Bank & Trust Company | $7,085,000 | $1,845,000 | -74.0% | 0.0% |
| Northpointe Bank | $3,420,000 | $1,815,000 | -46.9% | 0.0% |
| Oak View National Bank | $1,805,000 | n/a | 0.0% | |
| Keystone Funding, Inc. | $1,795,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $570,000 | $1,785,000 | 213.2% | 0.0% |
| CBM Mortgage, Inc. | $1,755,000 | n/a | 0.0% | |
| NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION | $3,760,000 | $1,755,000 | -53.3% | 0.0% |
| FIDELITY DIRECT MORTGAGE, LLC | $3,300,000 | $1,700,000 | -48.5% | 0.0% |
| Aurora Financial, LLC | $505,000 | $1,645,000 | 225.7% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $2,165,000 | $1,640,000 | -24.2% | 0.0% |
| NASA Federal Credit Union | $3,115,000 | $1,600,000 | -48.6% | 0.0% |
| Integrity Home Mortgage Corp | $505,000 | $1,560,000 | 208.9% | 0.0% |
| LAKEVIEW LOAN SERVICING, LLC | $3,755,000 | $1,535,000 | -59.1% | 0.0% |
| Blue Ridge Bank | $5,875,000 | $1,530,000 | -74.0% | 0.0% |
| Meridian Bank Corporation | $8,615,000 | $1,515,000 | -82.4% | 0.0% |
| Bell Bank | $1,505,000 | n/a | 0.0% | |
| UMASSFIVE COLLEGE Federal Credit Union | $1,470,000 | n/a | 0.0% | |
| American Security Mortgage Corp. | $2,660,000 | $1,465,000 | -44.9% | 0.0% |
| EMM LOANS LLC | $2,560,000 | $1,450,000 | -43.4% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $4,280,000 | $1,445,000 | -66.2% | 0.0% |
| FIRST MORTGAGE COMPANY, INC. | $1,420,000 | n/a | 0.0% | |
| Century Mortgage Company DBA Century Lending Company | $1,400,000 | $1,415,000 | 1.1% | 0.0% |
| Signal Financial Federal Credit Union | $7,720,000 | $1,395,000 | -81.9% | 0.0% |
| T2 FINANCIAL LLC | $345,000 | $1,390,000 | 302.9% | 0.0% |
| Peoples State Bank | $1,385,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $2,690,000 | $1,360,000 | -49.4% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $650,000 | $1,315,000 | 102.3% | 0.0% |
| RBC Bank, (Georgia) | $1,315,000 | n/a | 0.0% | |
| LIBRARY OF CONGRESS | $1,285,000 | n/a | 0.0% | |
| Quontic Bank | $1,410,000 | $1,280,000 | -9.2% | 0.0% |
| FBC MORTGAGE, LLC | $3,720,000 | $1,260,000 | -66.1% | 0.0% |
| BancorpSouth | $1,255,000 | n/a | 0.0% | |
| NMSI, INC. | $1,250,000 | n/a | 0.0% | |
| NORWICH COMMERCIAL GROUP, INC. | $990,000 | $1,225,000 | 23.7% | 0.0% |
| The Central Trust Bank | $5,605,000 | $1,220,000 | -78.2% | 0.0% |
| NJ LENDERS CORP. | $720,000 | $1,210,000 | 68.1% | 0.0% |
| MUNICIPAL EMPLOYEES CREDIT UNION OF BALTIMORE, INCORPORATED | $1,205,000 | n/a | 0.0% | |
| FOUNDATION MORTGAGE CORPORATION | $1,185,000 | n/a | 0.0% | |
| 1ST ADVANTAGE FEDERAL CREDIT UNION | $1,175,000 | n/a | 0.0% | |
| N R L Federal Credit Union | $5,955,000 | $1,175,000 | -80.3% | 0.0% |
| Strong Home Mortgage, LLC | $4,870,000 | $1,160,000 | -76.2% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $1,585,000 | $1,155,000 | -27.1% | 0.0% |
| EDUCATIONAL SYSTEMS | $1,730,000 | $1,140,000 | -34.1% | 0.0% |
| BAY CAPITAL MORTGAGE CORPORATION | $2,910,000 | $1,125,000 | -61.3% | 0.0% |
| Middletown Valley Bank | $225,000 | $1,125,000 | 400.0% | 0.0% |
| ALLIANT CREDIT UNION | $2,400,000 | $1,120,000 | -53.3% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,120,000 | n/a | 0.0% | |
| ORIX REAL ESTATE CAPITAL, LLC | $1,235,000 | $1,115,000 | -9.7% | 0.0% |
| Leader Bank | $1,320,000 | $1,095,000 | -17.0% | 0.0% |
| Sunflower Bank | $385,000 | $1,090,000 | 183.1% | 0.0% |
| Acre Mortgage and Financial Inc | $1,085,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $195,000 | $1,085,000 | 456.4% | 0.0% |
| Midwest BankCentre | $1,065,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $4,540,000 | $1,065,000 | -76.5% | 0.0% |
| NP, Inc. | $535,000 | $1,050,000 | 96.3% | 0.0% |
| Apple Federal Credit Union | $4,510,000 | $1,025,000 | -77.3% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $310,000 | $1,015,000 | 227.4% | 0.0% |
| GREYSTONE SERVICING COMPANY LLC | $905,000 | $1,005,000 | 11.0% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,570,000 | $1,000,000 | -36.3% | 0.0% |
| Elements Financial Federal Credit Union | $1,845,000 | $980,000 | -46.9% | 0.0% |
| CAPITAL CENTER, L.L.C. | $4,355,000 | $975,000 | -77.6% | 0.0% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $2,670,000 | $970,000 | -63.7% | 0.0% |
| Armed Forces Bank | $525,000 | $950,000 | 81.0% | 0.0% |
| MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION | $940,000 | n/a | 0.0% | |
| Axos Bank | $3,485,000 | $920,000 | -73.6% | 0.0% |
| First Option Mortgage, LLC | $2,085,000 | $915,000 | -56.1% | 0.0% |
| The Loan Store, Inc. | $910,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $305,000 | $905,000 | 196.7% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $2,325,000 | $870,000 | -62.6% | 0.0% |
| DIGITAL Federal Credit Union | $155,000 | $840,000 | 441.9% | 0.0% |
| FEDCHOICE Federal Credit Union | $1,635,000 | $785,000 | -52.0% | 0.0% |
| UNIVERSAL MORTGAGE & FINANCE, INC. | $1,100,000 | $780,000 | -29.1% | 0.0% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $755,000 | n/a | 0.0% | |
| First Federal Bank | $695,000 | $750,000 | 7.9% | 0.0% |
| AGRICULTURE Federal Credit Union | $775,000 | $745,000 | -3.9% | 0.0% |
| Equity Prime Mortgage LLC | $740,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $285,000 | $735,000 | 157.9% | 0.0% |
| First National Bank of America | $855,000 | $730,000 | -14.6% | 0.0% |
| CIBC Bank USA | $1,760,000 | $725,000 | -58.8% | 0.0% |
| Huntingdon Valley Bank | $715,000 | n/a | 0.0% | |
| PLUS RELOCATION MORTGAGE, LLC | $395,000 | $705,000 | 78.5% | 0.0% |
| BM Real Estate Services, Inc. | $1,505,000 | $695,000 | -53.8% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $6,075,000 | $690,000 | -88.6% | 0.0% |
| Bank of Springfield | $685,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $2,905,000 | $680,000 | -76.6% | 0.0% |
| Residential Mortgage Solutions, Inc. | $155,000 | $665,000 | 329.0% | 0.0% |
| SOUTHERN TRUST MORTGAGE, LLC | $4,330,000 | $655,000 | -84.9% | 0.0% |
| First Horizon Bank | $645,000 | $645,000 | 0.0% | 0.0% |
| NATIONWIDE EQUITIES CORPORATION | $2,325,000 | $645,000 | -72.3% | 0.0% |
| ON Q FINANCIAL, INC. | $630,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $5,375,000 | $625,000 | -88.4% | 0.0% |
| LENDINGONE, LLC | $1,655,000 | $625,000 | -62.2% | 0.0% |
| York Traditions Bank | $610,000 | n/a | 0.0% | |
| MY MORTGAGE, INC. | $5,870,000 | $580,000 | -90.1% | 0.0% |
| MORTGAGE ACCESS CORP. | $1,760,000 | $575,000 | -67.3% | 0.0% |
| ANCHOR LOANS, LP | $565,000 | n/a | 0.0% | |
| Gateway First Bank | $565,000 | n/a | 0.0% | |
| BP Federal Credit Union | $555,000 | n/a | 0.0% | |
| HANSCOM | $1,815,000 | $550,000 | -69.7% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $3,235,000 | $550,000 | -83.0% | 0.0% |
| First Western Trust Bank | $1,065,000 | $545,000 | -48.8% | 0.0% |
| MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. | $800,000 | $545,000 | -31.9% | 0.0% |
| Clearview Federal Credit Union | $15,000 | $525,000 | 3,400.0% | 0.0% |
| First Internet Bank of Indiana | $3,275,000 | $520,000 | -84.1% | 0.0% |
| MANN FINANCIAL INC. | $3,735,000 | $515,000 | -86.2% | 0.0% |
| Bank of Millbrook | $505,000 | n/a | 0.0% | |
| Nations Lending Corporation | $3,905,000 | $505,000 | -87.1% | 0.0% |
| STANFORD Federal Credit Union | $685,000 | $505,000 | -26.3% | 0.0% |
| Summit Community Bank, Inc. | $28,465,000 | $505,000 | -98.2% | 0.0% |
| MORIA DEVELOPMENT, INC. | $490,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $285,000 | $475,000 | 66.7% | 0.0% |
| OPEN MORTGAGE, LLC | $5,285,000 | $460,000 | -91.3% | 0.0% |
| AmeriHome Mortgage Company, LLC | $2,680,000 | $455,000 | -83.0% | 0.0% |
| Loan Simple, Inc. | $455,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $1,230,000 | $445,000 | -63.8% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $18,410,000 | $445,000 | -97.6% | 0.0% |
| Commercial Lender LLC | $3,140,000 | $445,000 | -85.8% | 0.0% |
| Visio Financial Services Inc. | $755,000 | $445,000 | -41.1% | 0.0% |
| MILLENNIUM FINANCIAL GROUP, INC. | $515,000 | $430,000 | -16.5% | 0.0% |
| MISSION MORTGAGE LLC | $14,925,000 | $425,000 | -97.2% | 0.0% |
| SUMMIT FUNDING, INC. | $425,000 | n/a | 0.0% | |
| UNITED NORTHERN MORTGAGE BANKERS LIMITED | $535,000 | $425,000 | -20.6% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $425,000 | n/a | 0.0% | |
| Baxter Credit Union | $520,000 | $410,000 | -21.2% | 0.0% |
| PIKE CREEK MORTGAGE SERVICES, INC. | $405,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $405,000 | n/a | 0.0% | |
| OAKTREE FUNDING CORP. | $905,000 | $395,000 | -56.4% | 0.0% |
| APL | $195,000 | $385,000 | 97.4% | 0.0% |
| SILVER HILL FUNDING, LLC | $1,790,000 | $375,000 | -79.1% | 0.0% |
| ANDREWS FEDERAL CREDIT UNION | $1,425,000 | $370,000 | -74.0% | 0.0% |
| Democracy Federal Credit Union | $240,000 | $370,000 | 54.2% | 0.0% |
| BECKAM FUNDING CORP. | $405,000 | $365,000 | -9.9% | 0.0% |
| CONSTRUCTIVE LOANS, LLC | $355,000 | n/a | 0.0% | |
| IncredibleBank | $355,000 | n/a | 0.0% | |
| VAN DYK MORTGAGE CORPORATION | $460,000 | $355,000 | -22.8% | 0.0% |
| Gate City Bank | $345,000 | n/a | 0.0% | |
| 1ST FINANCIAL, INC. | $2,650,000 | $305,000 | -88.5% | 0.0% |
| CHEVRON | $205,000 | $300,000 | 46.3% | 0.0% |
| TIDEWATER MORTGAGE SERVICES, INC. | $1,665,000 | $295,000 | -82.3% | 0.0% |
| THRIVENT Federal Credit Union | $290,000 | n/a | 0.0% | |
| JMAC LENDING, INC. | $285,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $555,000 | $265,000 | -52.3% | 0.0% |
| Mid-Atlantic Federal Credit Union | $790,000 | $260,000 | -67.1% | 0.0% |
| AFL CIO EMPLOYEES FEDERAL CREDIT UNION | $320,000 | $255,000 | -20.3% | 0.0% |
| ALLEGACY FEDERAL CREDIT UNION | $255,000 | $255,000 | 0.0% | 0.0% |
| LOGIX FEDERAL CREDIT UNION | $255,000 | n/a | 0.0% | |
| The Peoples Bank | $255,000 | n/a | 0.0% | |
| Transportation Federal Credit Union | $355,000 | $255,000 | -28.2% | 0.0% |
| Securityplus FCU | $250,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $245,000 | n/a | 0.0% | |
| Farmers State Bank | $275,000 | $225,000 | -18.2% | 0.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $515,000 | $225,000 | -56.3% | 0.0% |
| TEACHERS | $805,000 | $220,000 | -72.7% | 0.0% |
| Mid Penn Bank | $210,000 | n/a | 0.0% | |
| Kearny Bank | $2,265,000 | $205,000 | -90.9% | 0.0% |
| PRINCE GEORGE'S COMMUNITY | $215,000 | $205,000 | -4.7% | 0.0% |
| SONABANK | $205,000 | n/a | 0.0% | |
| GSF Mortgage Corporation | $195,000 | n/a | 0.0% | |
| Salisbury Bank and Trust Company | $195,000 | n/a | 0.0% | |
| General Mortgage Capital Corporation | $185,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $185,000 | n/a | 0.0% | |
| CORPORATE AMERICA FAMILY | $175,000 | n/a | 0.0% | |
| Bank of Charles Town | $830,000 | $165,000 | -80.1% | 0.0% |
| Johns Hopkins Federal Credit Union | $140,000 | n/a | 0.0% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $1,135,000 | $135,000 | -88.1% | 0.0% |
| NORTHROP GRUMMAN Federal Credit Union | $345,000 | $135,000 | -60.9% | 0.0% |
| Signature Federal Credit Union | $130,000 | n/a | 0.0% | |
| AMERITRUST MORTGAGE CORPORATION | $125,000 | n/a | 0.0% | |
| Connexus Credit Union | $125,000 | n/a | 0.0% | |
| Ardent Federal Credit Union | $425,000 | $105,000 | -75.3% | 0.0% |
| DELTA COMMUNITY CREDIT UNION | $180,000 | $105,000 | -41.7% | 0.0% |
| Woodsboro Bank | $95,000 | n/a | 0.0% | |
| Peoples Bank | $105,000 | $85,000 | -19.0% | 0.0% |
| EQUITY RESOURCES, INC. | $3,890,000 | $75,000 | -98.1% | 0.0% |
| InFirst Federal Credit Union | $45,000 | $55,000 | 22.2% | 0.0% |
| Virginia Partners Bank | $2,965,000 | $55,000 | -98.1% | 0.0% |
| Bank Independent | $25,000 | n/a | 0.0% | |
| DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION | $25,000 | n/a | 0.0% |
District of Columbia's top lender by overall market share is Wells Fargo Bank, with 7.2% market share. In second place, with 5.5%, is WALKER & DUNLOP, LLC, having originated $336,810,000 in loans. In third place, with 4.8%, is Citibank, having originated $291,070,000 in loans. In fourth place, with 4.6%, is FIRST SAVINGS MORTGAGE CORPORATION, having originated $283,640,000 in loans. In fifth place, with 4.4%, is JPMorgan Chase Bank, having originated $270,145,000 in loans.
District of Columbia Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 5,953 | $4,002,955,000 | $672,427 |
| Cash Out Refi | 813 | $373,745,000 | $459,711 |
| Home Improvement | 750 | $242,260,000 | $323,013 |
| Refi | 570 | $1,343,060,000 | $2,356,246 |
| Other | 511 | $140,905,000 | $275,744 |
District Of Columbia's most frequently cited loan purpose was Home Purchase, with 5,953 originations. The 2nd most popular reason was Cash Out Refi, with 813 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 3,290 | $1,984,630,000 | $603,231 |
| 5-6% | 1,916 | $2,070,390,000 | $1,080,579 |
| 7-8% | 1,549 | $821,955,000 | $530,636 |
| Over 8% | 1,223 | $516,545,000 | $422,359 |
| 4-5% | 316 | $405,310,000 | $1,282,627 |
| 3-4% | 110 | $91,960,000 | $836,000 |
| 2.5-3% | 32 | $14,070,000 | $439,688 |
| <2.5% | 31 | $13,645,000 | $440,161 |
During 2023, District Of Columbia's most frequently originated rate bucket was 6-7%, with 3,290 originations.
Loan Sizing (District of Columbia MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,323 | $684,045,000 | $294,466 |
| $600k-1000k | 1,827 | $1,386,765,000 | $759,039 |
| $400k-600k | 1,801 | $886,695,000 | $492,335 |
| $Over $1MM | 1,027 | $2,962,415,000 | $2,884,533 |
| $100k-200k | 1,010 | $146,040,000 | $144,594 |
| $100,000 or less | 609 | $36,965,000 | $60,698 |
District of Columbia's loan sizing saw the bucket of loans from $200k-400k with 2,323 originations, totaling $684,045,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,974 | $1,977,320,000 | $664,869 |
| 60-80% | 2,417 | $1,826,235,000 | $755,579 |
| Under 20% | 1,161 | $173,045,000 | $149,048 |
| 40-60% | 937 | $1,410,485,000 | $1,505,320 |
| 20-40% | 774 | $396,450,000 | $512,209 |
| Over 100% | 159 | $113,685,000 | $715,000 |
District of Columbia's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,974 originations, totaling $1,977,320,000 in origination value.