Ruoff Mortgage Company Rates, Fees & Info

Indianapolis, IN

LEI: 549300GSCUJKJINRJ980

Tax ID: 35-1616238

5 stars - Updated: 5/14/24 - out of 5 stars, based on 99 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Ruoff Mortgage Company is a small mortgage company specializing in Home Purchase loans. Ruoff Mortgage Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Indianapolis, Fort Wayne, Columbus, Louisville, and Cleveland among others. We have data for 301 markets. (Some data included below & more in-depth data is available with an active subscription.)

Ruoff Mortgage Company has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Ruoff Mortgage Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.85% 5/14/24
30 Year Conventional Refi 6.74% 5/14/24
30 Year Cash-out Refi 6.83% 5/14/24
30 Year FHA Purchase 7.73% 5/14/24
30 Year FHA Refi 7.69% 5/14/24
30 Year VA Purchase 6.61% 5/14/24
30 Year VA Refi 6.27% 5/14/24
30 Year USDA Purchase 7.07% 5/14/24
30 Year USDA Refi 7.02% 5/14/24
15 Year Conventional Purchase 6.25% 5/14/24
15 Year Conventional Refi 6.17% 5/14/24
15 Year Cash-out Refi 6.17% 5/14/24
15 Year FHA Purchase 5.68% 5/14/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Ruoff Mortgage Company Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Ruoff Mortgage Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

9,816

Origination Dollar Volume (All Markets)

$2,037,350,000
Show all (88) awards

Relative Rate

Ruoff Mortgage Company's average 30 year fixed mortgage rate was 6.89%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.41%.

Relative Fees (Closing Costs)

Ruoff Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $4,464.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1,251 $306,305,000 $244,848 $4,507 6.88%
FORT WAYNE, IN (FHA|USDA|VA) 822 $173,760,000 $211,387 $4,198 6.95%
COLUMBUS, OH (FHA|USDA|VA) 482 $124,900,000 $259,129 $6,262 6.98%
LOUISVILLE, KY (FHA|USDA|VA) 455 $115,545,000 $253,945 $4,789 6.77%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 545 $105,885,000 $194,284 $5,241 6.85%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 426 $102,550,000 $240,728 $4,811 6.92%
Outside of Metro Areas 493 $79,495,000 $161,247 $4,159 6.81%
BLOOMINGTON, IN (FHA|USDA|VA) 277 $71,835,000 $259,332 $3,569 6.85%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 330 $63,530,000 $192,515 $4,078 6.95%
TERRE HAUTE, IN (FHA|USDA|VA) 331 $51,405,000 $155,302 $3,093 6.94%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 211 $46,435,000 $220,071 $4,304 6.91%
AKRON, OH (FHA|USDA|VA) 243 $43,475,000 $178,909 $4,814 7.00%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 198 $42,730,000 $215,808 $4,585 6.95%
MUNCIE, IN (FHA|USDA|VA) 220 $32,660,000 $148,455 $3,262 7.00%
Warsaw, IN (FHA|USDA|VA) 149 $29,475,000 $197,819 $3,983 7.05%
Bedford, IN (FHA|USDA|VA) 152 $29,340,000 $193,026 $3,482 6.76%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 100 $21,500,000 $215,000 $4,205 6.82%
DAYTON-KETTERING, OH (FHA|USDA|VA) 115 $21,045,000 $183,000 $4,974 6.92%
Auburn, IN (FHA|USDA|VA) 96 $20,360,000 $212,083 $4,532 6.98%
Marion, IN (FHA|USDA|VA) 141 $19,755,000 $140,106 $3,285 6.95%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 79 $16,075,000 $203,481 $4,520 6.93%
JACKSON, MI (FHA|USDA|VA) 88 $16,050,000 $182,386 $4,439 6.75%
KOKOMO, IN (FHA|USDA|VA) 94 $15,270,000 $162,447 $3,423 7.07%
Plymouth, IN (FHA|USDA|VA) 81 $14,555,000 $179,691 $4,323 6.88%
TOLEDO, OH (FHA|USDA|VA) 80 $14,260,000 $178,250 $4,933 6.89%
Frankfort, IN (FHA|USDA|VA) 82 $14,130,000 $172,317 $3,501 6.98%
Zanesville, OH (FHA|USDA|VA) 76 $13,920,000 $183,158 $4,324 6.87%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 52 $13,780,000 $265,000 $5,656 6.85%
COLUMBUS, IN (FHA|USDA|VA) 55 $13,395,000 $243,545 $5,187 6.89%
New Castle, IN (FHA|USDA|VA) 89 $12,815,000 $143,989 $3,258 7.09%
BOWLING GREEN, KY (FHA|USDA|VA) 54 $12,640,000 $234,074 $5,069 6.89%
Kendallville, IN (FHA|USDA|VA) 60 $12,150,000 $202,500 $4,186 6.99%
NILES, MI (FHA|USDA|VA) 63 $12,135,000 $192,619 $4,513 6.82%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 40 $11,530,000 $288,250 $5,572 6.44%
Angola, IN (FHA|USDA|VA) 56 $11,090,000 $198,036 $5,065 6.93%
Bluffton, IN (FHA|USDA|VA) 51 $10,965,000 $215,000 $3,163 7.01%
OWENSBORO, KY (FHA|USDA|VA) 65 $10,855,000 $167,000 $5,310 6.70%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 34 $10,030,000 $295,000 $4,328 7.11%
Sturgis, MI (FHA|USDA|VA) 52 $9,600,000 $184,615 $4,091 6.93%
Madison, IN (FHA|USDA|VA) 55 $9,405,000 $171,000 $3,675 6.99%
EVANSVILLE, IN-KY (FHA|USDA|VA) 54 $9,350,000 $173,148 $3,478 6.68%
Mount Vernon, OH (FHA|USDA|VA) 40 $9,320,000 $233,000 $5,082 7.13%
Huntington, IN (FHA|USDA|VA) 61 $9,205,000 $150,902 $3,424 6.97%
CANTON-MASSILLON, OH (FHA|USDA|VA) 44 $8,380,000 $190,455 $5,156 6.82%
Decatur, IN (FHA|USDA|VA) 51 $8,045,000 $157,745 $3,085 6.99%
COLUMBUS, GA-AL (FHA|USDA|VA) 36 $8,040,000 $223,333 $5,591 6.69%
Wabash, IN (FHA|USDA|VA) 48 $6,800,000 $141,667 $3,236 6.91%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 28 $5,910,000 $211,071 $5,243 6.70%
Peru, IN (FHA|USDA|VA) 42 $5,800,000 $138,095 $3,754 7.04%
Crawfordsville, IN (FHA|USDA|VA) 31 $5,715,000 $184,355 $3,482 6.92%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 12 $5,280,000 $440,000 $8,508 6.82%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 26 $4,850,000 $186,538 $4,183 6.87%
ANN ARBOR, MI (FHA|USDA|VA) 16 $4,680,000 $292,500 $6,150 6.58%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 26 $4,610,000 $177,308 $4,139 7.11%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 13 $4,445,000 $341,923 $5,292 6.79%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 11 $4,235,000 $385,000 $1,963 6.47%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 16 $4,220,000 $263,750 $6,678 6.37%
Logansport, IN (FHA|USDA|VA) 36 $4,180,000 $116,111 $3,039 7.09%
Seymour, IN (FHA|USDA|VA) 19 $3,815,000 $200,789 $3,022 6.86%
Richmond-Berea, KY (FHA|USDA|VA) 18 $3,810,000 $211,667 $5,009 6.65%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 13 $3,735,000 $287,308 $6,054 6.76%
Holland, MI (FHA|USDA|VA) 14 $3,570,000 $255,000 $5,956 7.02%
Coldwater, MI (FHA|USDA|VA) 20 $3,180,000 $159,000 $4,160 6.82%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 21 $3,015,000 $143,571 $2,666 6.88%
Ashtabula, OH (FHA|USDA|VA) 18 $2,870,000 $159,444 $3,093 6.91%
Paducah, KY-IL (FHA|USDA|VA) 19 $2,865,000 $150,789 $3,840 6.80%
Greensburg, IN (FHA|USDA|VA) 15 $2,835,000 $189,000 $3,385 6.88%
Marion, OH (FHA|USDA|VA) 18 $2,820,000 $156,667 $4,108 6.96%
Bardstown, KY (FHA|USDA|VA) 11 $2,715,000 $246,818 $6,790 6.81%
Bellefontaine, OH (FHA|USDA|VA) 13 $2,495,000 $191,923 $3,813 7.00%
Coshocton, OH (FHA|USDA|VA) 14 $2,430,000 $173,571 $4,257 6.70%
Madisonville, KY (FHA|USDA|VA) 16 $2,340,000 $146,250 $4,377 6.57%
Chillicothe, OH (FHA|USDA|VA) 12 $2,220,000 $185,000 $4,765 6.98%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 8 $2,150,000 $268,750 $5,284 6.30%
JACKSONVILLE, FL (FHA|USDA|VA) 8 $2,140,000 $267,500 $6,552 6.38%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $2,140,000 $535,000 $10,230 6.72%
Vincennes, IN (FHA|USDA|VA) 18 $2,100,000 $116,667 $2,940 6.81%
Wooster, OH (FHA|USDA|VA) 9 $2,075,000 $230,556 $5,736 6.61%
Glasgow, KY (FHA|USDA|VA) 11 $2,035,000 $185,000 $5,034 6.91%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $2,005,000 $401,000 $5,754 6.75%
Frankfort, KY (FHA|USDA|VA) 9 $1,995,000 $221,667 $4,932 6.71%
OCALA, FL (FHA|USDA|VA) 3 $1,955,000 $651,667 $7,882 7.13%
Adrian, MI (FHA|USDA|VA) 10 $1,770,000 $177,000 $3,693 6.80%
THE VILLAGES, FL (FHA|USDA|VA) 7 $1,765,000 $252,143 $6,355 7.11%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 7 $1,745,000 $249,286 $4,675 7.09%
RICHMOND, VA (FHA|USDA|VA) 6 $1,690,000 $281,667 $5,140 6.13%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 9 $1,645,000 $182,778 $5,401 6.00%
BATTLE CREEK, MI (FHA|USDA|VA) 10 $1,630,000 $163,000 $3,810 6.74%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 6 $1,510,000 $251,667 $6,001 6.48%
Hillsdale, MI (FHA|USDA|VA) 8 $1,500,000 $187,500 $3,450 6.81%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 9 $1,475,000 $163,889 $5,200 6.49%
North Vernon, IN (FHA|USDA|VA) 7 $1,455,000 $207,857 $4,275 6.88%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 6 $1,430,000 $238,333 $5,333 6.15%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 6 $1,400,000 $233,333 $6,610 6.00%
Point Pleasant, WV-OH (FHA|USDA|VA) 9 $1,385,000 $153,889 $3,332 6.53%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $1,375,000 $275,000 $7,743 6.68%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 5 $1,375,000 $275,000 $5,047 6.38%
SPRINGFIELD, OH (FHA|USDA|VA) 8 $1,350,000 $168,750 $6,541 7.33%
KNOXVILLE, TN (FHA|USDA|VA) 5 $1,325,000 $265,000 $4,857 6.85%
Campbellsville, KY (FHA|USDA|VA) 8 $1,290,000 $161,250 $5,033 6.75%
Mayfield, KY (FHA|USDA|VA) 6 $1,290,000 $215,000 $5,424 7.00%
Traverse City, MI (FHA|USDA|VA) 3 $1,275,000 $425,000 $5,631 7.17%
Richmond, IN (FHA|USDA|VA) 9 $1,275,000 $141,667 $2,239 6.86%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $1,260,000 $315,000 $10,850 6.69%
ST. LOUIS, MO-IL (FHA|USDA|VA) 7 $1,165,000 $166,429 $4,709 6.71%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 4 $1,140,000 $285,000 $4,386 6.75%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $1,120,000 $280,000 $7,145 7.16%
Scottsburg, IN (FHA|USDA|VA) 5 $1,115,000 $223,000 $3,581 6.80%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 7 $1,075,000 $153,571 $5,778 6.05%
KANSAS CITY, MO-KS (FHA|USDA|VA) 8 $1,070,000 $133,750 $5,071 6.16%
Athens, OH (FHA|USDA|VA) 5 $1,045,000 $209,000 $6,308 6.55%
Norwalk, OH (FHA|USDA|VA) 7 $1,045,000 $149,286 $4,127 6.46%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $1,020,000 $510,000 $5,269 6.31%
PITTSBURGH, PA (FHA|USDA|VA) 10 $1,010,000 $101,000 $4,563 6.36%
Jackson, OH (FHA|USDA|VA) 7 $985,000 $140,714 $2,843 6.61%
Defiance, OH (FHA|USDA|VA) 4 $980,000 $245,000 $8,820 7.03%
Central City, KY (FHA|USDA|VA) 4 $980,000 $245,000 $3,166 6.94%
Cambridge, OH (FHA|USDA|VA) 5 $975,000 $195,000 $4,025 6.50%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 6 $960,000 $160,000 $3,898 6.19%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 3 $945,000 $315,000 $5,575 6.42%
FLINT, MI (FHA|USDA|VA) 6 $940,000 $156,667 $5,199 6.31%
Sandusky, OH (FHA|USDA|VA) 4 $940,000 $235,000 $4,991 6.88%
RALEIGH-CARY, NC (FHA|USDA|VA) 5 $925,000 $185,000 $6,531 5.93%
LIMA, OH (FHA|USDA|VA) 5 $885,000 $177,000 $8,349 7.08%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 5 $885,000 $177,000 $5,563 5.95%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $880,000 $440,000 $6,534 7.00%
Ashland, OH (FHA|USDA|VA) 6 $870,000 $145,000 $3,795 6.90%
ODESSA, TX (FHA|USDA|VA) 3 $845,000 $281,667 $5,308 7.54%
PANAMA CITY, FL (FHA|USDA|VA) 3 $835,000 $278,333 $10,103 7.21%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $835,000 $835,000 $0 7.50%
Danville, KY (FHA|USDA|VA) 5 $815,000 $163,000 $5,309 6.80%
Washington Court House, OH (FHA|USDA|VA) 4 $800,000 $200,000 $4,801 6.94%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $790,000 $395,000 $11,706 6.38%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $770,000 $385,000 $5,845 6.81%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 5 $765,000 $153,000 $7,419 5.73%
MONROE, MI (FHA|USDA|VA) 4 $750,000 $187,500 $6,048 7.00%
Wilmington, OH (FHA|USDA|VA) 5 $745,000 $149,000 $2,578 6.88%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 4 $740,000 $185,000 $6,169 6.66%
Somerset, KY (FHA|USDA|VA) 3 $735,000 $245,000 $4,424 7.04%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $725,000 $241,667 $8,590 6.88%
Bucyrus-Galion, OH (FHA|USDA|VA) 5 $695,000 $139,000 $5,037 6.88%
STOCKTON, CA (FHA|USDA|VA) 1 $665,000 $665,000 $18,616 6.75%
Washington, IN (FHA|USDA|VA) 3 $655,000 $218,333 $3,063 7.17%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 5 $655,000 $131,000 $6,452 6.18%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $640,000 $160,000 $5,576 6.53%
SAVANNAH, GA (FHA|USDA|VA) 3 $635,000 $211,667 $5,254 6.92%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $630,000 $315,000 $6,243 7.00%
ERIE, PA (FHA|USDA|VA) 3 $625,000 $208,333 $7,712 6.29%
PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $620,000 $155,000 $5,300 6.25%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $595,000 $198,333 $8,553 5.92%
JACKSON, TN (FHA|USDA|VA) 2 $590,000 $295,000 $7,573 6.75%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $570,000 $285,000 $10,138 6.25%
TULSA, OK (FHA|USDA|VA) 4 $570,000 $142,500 $6,867 6.22%
WACO, TX (FHA|USDA|VA) 1 $565,000 $565,000 $3,935 6.25%
Vidalia, GA (FHA|USDA|VA) 2 $540,000 $270,000 $9,754 6.25%
Salem, OH (FHA|USDA|VA) 3 $515,000 $171,667 $4,288 6.79%
Urbana, OH (FHA|USDA|VA) 3 $505,000 $168,333 $5,313 6.50%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $495,000 $495,000 $8,788 6.75%
Newberry, SC (FHA|USDA|VA) 1 $485,000 $485,000 $4,436 6.88%
DECATUR, AL (FHA|USDA|VA) 2 $480,000 $240,000 $8,252 5.94%
London, KY (FHA|USDA|VA) 3 $475,000 $158,333 $5,224 6.92%
Celina, OH (FHA|USDA|VA) 3 $475,000 $158,333 $4,825 6.54%
Murray, KY (FHA|USDA|VA) 2 $470,000 $235,000 $3,711 7.06%
Charleston-Mattoon, IL (FHA|USDA|VA) 4 $460,000 $115,000 $2,609 6.91%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $435,000 $145,000 $8,247 5.79%
Mount Pleasant, MI (FHA|USDA|VA) 3 $435,000 $145,000 $3,698 6.92%
MONTGOMERY, AL (FHA|USDA|VA) 4 $430,000 $107,500 $7,372 6.06%
New Philadelphia-Dover, OH (FHA|USDA|VA) 3 $425,000 $141,667 $5,407 7.08%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $415,000 $138,333 $6,081 6.25%
SPARTANBURG, SC (FHA|USDA|VA) 2 $410,000 $205,000 $6,817 6.75%
OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $395,000 $131,667 $7,997 6.46%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $375,000 $375,000 $9,952 6.88%
Jasper, IN (FHA|USDA|VA) 2 $370,000 $185,000 $1,268 6.31%
Connersville, IN (FHA|USDA|VA) 2 $370,000 $185,000 $3,340 6.38%
TUCSON, AZ (FHA|USDA|VA) 1 $365,000 $365,000 $1,185 6.88%
LUBBOCK, TX (FHA|USDA|VA) 1 $355,000 $355,000 $7,708 6.63%
Paris, TN (FHA|USDA|VA) 1 $355,000 $355,000 $4,010 5.13%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $355,000 $355,000 $5,620 6.88%
MUSKEGON, MI (FHA|USDA|VA) 3 $355,000 $118,333 $3,709 6.21%
JACKSON, MS (FHA|USDA|VA) 2 $350,000 $175,000 $9,119 5.81%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $345,000 $345,000 $2,762 7.38%
EspaƱola, NM (FHA|USDA|VA) 1 $345,000 $345,000 $4,226 7.25%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $330,000 $165,000 $4,004 6.44%
ROANOKE, VA (FHA|USDA|VA) 2 $330,000 $165,000 $7,748 6.13%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $325,000 $108,333 $6,940 6.50%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $320,000 $160,000 $7,588 6.88%
Van Wert, OH (FHA|USDA|VA) 2 $320,000 $160,000 $3,114 7.06%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $799 6.63%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $315,000 $315,000 $7,914 7.25%
BILLINGS, MT (FHA|USDA|VA) 1 $315,000 $315,000 $4,345 6.88%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $305,000 $305,000 $3,688 7.25%
Fort Payne, AL (FHA|USDA|VA) 1 $305,000 $305,000 $3,068 6.75%
SAGINAW, MI (FHA|USDA|VA) 2 $290,000 $145,000 $3,070 7.31%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $290,000 $145,000 $4,952 6.44%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $280,000 $140,000 $5,900 6.69%
Wapakoneta, OH (FHA|USDA|VA) 2 $280,000 $140,000 $4,275 6.75%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $280,000 $140,000 $6,903 6.13%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $260,000 $130,000 $2,935 6.38%
Findlay, OH (FHA|USDA|VA) 1 $255,000 $255,000 $8,477 6.25%
Sevierville, TN (FHA|USDA|VA) 1 $255,000 $255,000 $3,758 7.63%
Portsmouth, OH (FHA|USDA|VA) 2 $250,000 $125,000 $3,989 6.44%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $245,000 $245,000 $20 6.50%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $240,000 $120,000 $4,561 6.31%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $235,000 $235,000 $4,366 7.00%
Alpena, MI (FHA|USDA|VA) 1 $235,000 $235,000 $4,704 7.63%
Greenville, OH (FHA|USDA|VA) 1 $235,000 $235,000 $5,207 6.25%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $235,000 $235,000 $8,012 6.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $230,000 $115,000 $4,779 5.69%
SUMTER, SC (FHA|USDA|VA) 2 $230,000 $115,000 $7,320 6.19%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $205,000 $205,000 $10,587 5.25%
MORRISTOWN, TN (FHA|USDA|VA) 1 $205,000 $205,000 $12,865 4.88%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.25%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $205,000 $205,000 $1,705 6.75%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $205,000 $205,000 $3,959 7.50%
Laconia, NH (FHA|USDA|VA) 1 $205,000 $205,000 $10,485 5.75%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $205,000 $205,000 $10,229 6.75%
Kerrville, TX (FHA|USDA|VA) 1 $205,000 $205,000 $8,233 6.25%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $195,000 $195,000 $1,827 7.38%
KANKAKEE, IL (FHA|USDA|VA) 1 $195,000 $195,000 $2,108 6.50%
Lake City, FL (FHA|USDA|VA) 1 $195,000 $195,000 $5,291 6.00%
McMinnville, TN (FHA|USDA|VA) 1 $195,000 $195,000 $6,060 6.88%
MIDLAND, TX (FHA|USDA|VA) 1 $195,000 $195,000 $2,131 7.50%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $195,000 $195,000 $1,455 7.38%
Big Rapids, MI (FHA|USDA|VA) 2 $190,000 $95,000 $6,854 6.19%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $185,000 $185,000 $5,989 6.88%
Cullman, AL (FHA|USDA|VA) 1 $185,000 $185,000 $1,607 6.63%
Brevard, NC (FHA|USDA|VA) 1 $175,000 $175,000 $6,106 5.88%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $175,000 $175,000 $9,863 5.38%
Mount Sterling, KY (FHA|USDA|VA) 2 $170,000 $85,000 $3,396 7.13%
DANVILLE, IL (FHA|USDA|VA) 2 $170,000 $85,000 $3,285 6.75%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $165,000 $165,000 $6,460 5.38%
Lewisburg, PA (FHA|USDA|VA) 1 $165,000 $165,000 $7,999 6.63%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $165,000 $165,000 $8,761 6.75%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $160,000 $80,000 $5,965 5.94%
Forest City, NC (FHA|USDA|VA) 2 $160,000 $80,000 $3,075 5.75%
ROME, GA (FHA|USDA|VA) 2 $160,000 $80,000 $5,267 5.81%
MOBILE, AL (FHA|USDA|VA) 1 $155,000 $155,000 $8,637 6.25%
Paragould, AR (FHA|USDA|VA) 1 $155,000 $155,000 $8,083 6.50%
ASHEVILLE, NC (FHA|USDA|VA) 1 $155,000 $155,000 $4,652 6.88%
LANCASTER, PA (FHA|USDA|VA) 1 $155,000 $155,000 $9,306 5.38%
DOTHAN, AL (FHA|USDA|VA) 1 $145,000 $145,000 $5,434 5.88%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $145,000 $145,000 $1,661 7.38%
Danville, VA (FHA|USDA|VA) 2 $140,000 $70,000 $4,872 5.38%
Sikeston, MO (FHA|USDA|VA) 2 $140,000 $70,000 $4,193 5.19%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $140,000 $70,000 $4,608 5.88%
Bradford, PA (FHA|USDA|VA) 1 $135,000 $135,000 $9,026 5.00%
WHEELING, WV-OH (FHA|USDA|VA) 1 $135,000 $135,000 $2,347 6.25%
GOLDSBORO, NC (FHA|USDA|VA) 1 $135,000 $135,000 $7,342 7.50%
Union City, TN (FHA|USDA|VA) 1 $135,000 $135,000 $600 6.00%
PEORIA, IL (FHA|USDA|VA) 2 $130,000 $65,000 $2,495 6.81%
Tahlequah, OK (FHA|USDA|VA) 1 $125,000 $125,000 $8,430 6.63%
Oil City, PA (FHA|USDA|VA) 1 $125,000 $125,000 $6,130 5.75%
North Wilkesboro, NC (FHA|USDA|VA) 1 $125,000 $125,000 $7,296 5.88%
Alma, MI (FHA|USDA|VA) 1 $125,000 $125,000 $8,528 6.13%
Jacksonville, IL (FHA|USDA|VA) 1 $125,000 $125,000 $6,547 5.63%
NEW BERN, NC (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.00%
Austin, MN (FHA|USDA|VA) 1 $115,000 $115,000 $7,191 6.00%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $115,000 $115,000 $3,723 6.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $115,000 $115,000 $8,193 6.25%
Selinsgrove, PA (FHA|USDA|VA) 1 $105,000 $105,000 $6,111 5.88%
GREEN BAY, WI (FHA|USDA|VA) 1 $105,000 $105,000 $6,073 6.38%
Tupelo, MS (FHA|USDA|VA) 1 $105,000 $105,000 $5,212 5.00%
Roanoke Rapids, NC (FHA|USDA|VA) 1 $105,000 $105,000 $6,374 6.00%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $95,000 $95,000 $6,929 5.88%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $95,000 $95,000 $5,706 5.25%
Toccoa, GA (FHA|USDA|VA) 1 $85,000 $85,000 $6,077 5.88%
Albert Lea, MN (FHA|USDA|VA) 1 $85,000 $85,000 $2,673 7.00%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $85,000 $85,000 $4,305 5.25%
WILMINGTON, NC (FHA|USDA|VA) 1 $85,000 $85,000 $5,025 6.25%
BURLINGTON, NC (FHA|USDA|VA) 1 $85,000 $85,000 $5,080 6.63%
Marietta, OH (FHA|USDA|VA) 1 $85,000 $85,000 $4,137 5.75%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $75,000 $75,000 $5,612 6.00%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $75,000 $75,000 $3,642 5.38%
Okeechobee, FL (FHA|USDA|VA) 1 $75,000 $75,000 $4,467 6.25%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $75,000 $75,000 $5,584 6.50%
Pella, IA (FHA|USDA|VA) 1 $75,000 $75,000 $6,130 5.63%
Laurinburg, NC (FHA|USDA|VA) 1 $75,000 $75,000 $3,907 6.75%
Pottsville, PA (FHA|USDA|VA) 1 $65,000 $65,000 $4,531 5.88%
Statesboro, GA (FHA|USDA|VA) 1 $65,000 $65,000 $3,962 5.13%
Concord, NH (FHA|USDA|VA) 1 $65,000 $65,000 $4,321 6.75%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $65,000 $65,000 $5,943 7.25%
Tiffin, OH (FHA|USDA|VA) 1 $65,000 $65,000 $5,651 6.25%
TOPEKA, KS (FHA|USDA|VA) 1 $65,000 $65,000 $4,283 6.63%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $65,000 $65,000 $5,319 6.00%
Americus, GA (FHA|USDA|VA) 1 $65,000 $65,000 $5,236 6.25%
Elk City, OK (FHA|USDA|VA) 1 $65,000 $65,000 $6,425 7.50%
Sanford, NC (FHA|USDA|VA) 1 $65,000 $65,000 $4,120 6.63%
Corinth, MS (FHA|USDA|VA) 1 $55,000 $55,000 $3,957 5.88%
Harrison, AR (FHA|USDA|VA) 1 $55,000 $55,000 $4,903 7.38%
WICHITA, KS (FHA|USDA|VA) 1 $55,000 $55,000 $4,000 6.75%
MANSFIELD, OH (FHA|USDA|VA) 1 $55,000 $55,000 $3,249 6.75%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $55,000 $55,000 $3,990 5.88%
Mountain Home, AR (FHA|USDA|VA) 1 $45,000 $45,000 $4,703 5.88%
Vicksburg, MS (FHA|USDA|VA) 1 $45,000 $45,000 $3,991 6.63%
DULUTH, MN-WI (FHA|USDA|VA) 1 $45,000 $45,000 $3,651 5.00%
Marinette, WI-MI (FHA|USDA|VA) 1 $45,000 $45,000 $3,769 5.88%
McAlester, OK (FHA|USDA|VA) 1 $45,000 $45,000 $5,098 6.88%
Indianola, MS (FHA|USDA|VA) 1 $45,000 $45,000 $4,521 5.25%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $45,000 $45,000 $3,644 5.25%
St. Marys, PA (FHA|USDA|VA) 1 $45,000 $45,000 $3,553 5.50%
Marion, NC (FHA|USDA|VA) 1 $45,000 $45,000 $2,573 6.00%
Ruoff Mortgage Company's top markets include Indianapolis, Fort Wayne, Columbus, Louisville, and Cleveland among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6,364 $1,362,750,000 $214,134 $3,691 6.89%
    FHA 2,618 $492,320,000 $188,052 $6,272 6.88%
    VA 530 $135,480,000 $255,623 $5,379 6.75%
    USDA 304 $46,800,000 $153,947 $2,749 6.76%

    For 2023, Ruoff Mortgage Company's most frequently originated type of loan was Conventional, with 6,364 originations. Their 2nd most popular type was FHA, with 2,618 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 8,930 $1,902,720,000 $213,071 $4,323 6.91%
    Cash Out Refi 731 $106,985,000 $146,354 $6,230 6.50%
    Refi 155 $27,645,000 $178,355 $4,759 6.47%

    For 2023, Ruoff Mortgage Company's most frequently cited loan purpose was Home Purchase, with 8,930 originations. The 2nd most popular reason was Cash Out Refi, with 731 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 9,563 $1,990,575,000 $208,154 $4,464 6.89%
    15 Year 165 $28,695,000 $173,909 $4,054 6.01%
    20 Year 56 $10,060,000 $179,643 $4,468 6.33%
    30+ year 17 $6,375,000 $375,000 $9,815 7.48%
    Other 11 $1,355,000 $123,182 $4,369 6.40%
    10 Year 4 $290,000 $72,500 $3,736 5.94%

    For 2023, Ruoff Mortgage Company's most frequently cited loan duration was 30 Year, with 9,563 originations. The 2nd most popular length was 15 Year, with 165 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3,370 $641,980,000 $190,499
    $1k-2k 2,594 $544,720,000 $209,992
    $2k-3k 1,424 $265,500,000 $186,447
    $3k-4k 994 $213,190,000 $214,477
    $5k+ 576 $187,500,000 $325,521
    $4k-5k 544 $142,630,000 $262,188

    Ruoff Mortgage Company's average total fees were $4,464, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,370 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 5,220 $1,086,270,000 $208,098
    7-8% 3,669 $776,155,000 $211,544
    5-6% 733 $133,035,000 $181,494
    Over 8% 168 $38,940,000 $231,786
    4-5% 23 $2,445,000 $106,304
    3-4% 2 $250,000 $125,000
    2.5-3% 1 $255,000 $255,000

    During 2023, Ruoff Mortgage Company's average interest rate for loans was 6.89%, while their most frequently originated rate bucket for loans was 6-7%, with 5,220 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 4,504 $685,030,000 $152,094 $3,741 6.86%
    $200k-400k 3,597 $965,645,000 $268,458 $5,480 6.93%
    $100,000 or less 1,132 $86,430,000 $76,352 $3,007 6.75%
    $400k-600k 478 $223,190,000 $466,925 $6,086 6.95%
    $600k-1MM 98 $66,760,000 $681,224 $6,521 6.81%
    $1MM+ 7 $10,295,000 $1,470,714 $13,058 7.05%

    2023 saw Ruoff Mortgage Company place emphasis on $100k-200k loans with 4,504 originations, totaling $685,030,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 3,041 $522,515,000 $171,823 $4,095 6.84%
    $50k or less 1,955 $238,385,000 $121,936 $3,347 6.71%
    $75k-100k 1,921 $410,345,000 $213,610 $4,875 6.93%
    $100k-150k 1,764 $457,090,000 $259,121 $5,269 6.99%
    $150k-250k 855 $289,555,000 $338,661 $5,642 6.99%
    $250k+ 280 $119,460,000 $426,643 $5,533 7.01%

    Ruoff Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 3,041 originations. The second most popular income band? $50k or less, with 1,955 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,801 $363,125,000 $201,624 $4,077 6.87%
    20-30% 1,607 $312,705,000 $194,589 $3,836 6.83%
    50-60% 561 $128,105,000 $228,351 $6,894 6.71%
    44% 480 $100,360,000 $209,083 $4,754 6.92%
    42% 460 $96,830,000 $210,500 $4,567 6.95%
    49% 441 $103,215,000 $234,048 $4,759 6.93%
    38% 428 $87,960,000 $205,514 $4,506 6.90%
    40% 427 $86,315,000 $202,143 $4,322 6.88%
    39% 409 $84,215,000 $205,905 $4,470 6.90%
    41% 403 $84,355,000 $209,318 $4,730 6.92%
    <20% 397 $70,015,000 $176,360 $3,556 6.77%
    43% 383 $82,705,000 $215,940 $4,811 6.90%
    37% 358 $74,150,000 $207,123 $4,203 6.87%
    45% 352 $73,730,000 $209,460 $4,356 6.95%
    36% 350 $72,640,000 $207,543 $4,399 6.94%
    48% 339 $76,045,000 $224,322 $4,744 6.93%
    47% 313 $73,535,000 $234,936 $4,776 6.92%
    46% 303 $66,295,000 $218,795 $4,755 6.94%
    >60% 4 $1,050,000 $262,500 $10,759 6.75%

    Ruoff Mortgage Company lent most frequently to those with DTI ratios of 30-36%, with 1,801 originations. The next most common DTI ratio? 20-30%, with 1,607 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 8,194 $1,677,190,000 $204,685 $4,363 6.88%
    Not provided 840 $191,580,000 $228,071 $4,990 6.88%
    Black 508 $103,820,000 $204,370 $5,310 6.88%
    Asian 210 $53,150,000 $253,095 $4,454 6.88%
    American Indian 49 $9,035,000 $184,388 $4,084 6.76%
    Native Hawaiian or Islander 11 $2,055,000 $186,818 $6,062 7.07%
    Korean 1 $225,000 $225,000 $1,962 6.13%
    Guamanian 1 $135,000 $135,000 $3,235 7.25%
    Native Hawaiian 1 $85,000 $85,000 $700 7.25%
    Other Pacific Islander 1 $75,000 $75,000 $5,728 7.25%

    Approval Rates

    Total approvals of all applications
    92.61%

    Ruoff Mortgage Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    66.46%

    Ruoff Mortgage Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 9,816 $2,037,350,000 $207,554

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    9,816 $2,037,350,000 $207,554

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 266 $28,720,000 $107,970 $3,782 6.44%
    40-60% 595 $93,195,000 $156,630 $3,977 6.64%
    60-80% 2,183 $461,515,000 $211,413 $4,511 6.86%
    80-100% 6,692 $1,434,770,000 $214,401 $4,469 6.92%
    Over 100% 55 $17,325,000 $315,000 $11,179 6.64%
    Under 20% 25 $1,825,000 $73,000 $3,643 6.08%