Angola Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Angola averaged 7.07% for the week of 2024-07-18, compared to the national average of 6.77% for the same period.

    The average rate for the prior week (2024-07-11) was 6.89% and one month ago for the week of 2024-06-13, the average rate was 7.05%.

    Angola's average rate one year ago was 7.16%.

    For refis of the same type during the week of 2024-07-18, the average rate was 7.37%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-07-18 6.77%
    Angola 30 Year Fixed Rate 2024-07-18 7.07%
    Angola 30 Year Fixed Rate Refi 2024-07-18 7.37%
    Angola 15 Year Fixed Rate 2024-07-18 6.15%
    Angola 15 Year Fixed Rate Refi 2024-07-18 6.15%
    Angola 30 Year FHA 2024-07-18 6.69%
    Angola 30 Year FHA Refi 2024-07-18 6.39%
    Angola 30 Year USDA 2024-07-18 6.43%
    Angola 30 Year USDA Refi 2024-07-18 6.73%
    Angola 30 Year VA 2024-07-18 6.3%
    Angola 30 Year VA Refi 2024-07-18 6.1%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Angola, IN.

    Angola 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 Angola, IN 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    RUOFF MORTGAGE COMPANY, INC. 30 7.08% $4,718
    HALLMARK HOME MORTGAGE, LLC 22 7.42% $3,781
    GVC MORTGAGE, INC. 18 7.34% $6,336
    Three Rivers Federal Credit Union 16 7.10% $2,540
    QUICKEN LOANS, LLC 13 6.63% $5,343
    ProFed Federal Credit Union 13 6.57% $2,512
    GENEVA FINANCIAL, LLC 12 7.18% $3,982
    Union Savings Bank 9 6.60% $1,432
    FORT FINANCIAL Federal Credit Union 8 6.78% $3,521
    The Huntington National Bank 8 6.32% $4,144
    JPMorgan Chase Bank 6 6.96% $9,984
    Lake City Bank 5 6.73% $3,283
    PARTNERS 1ST Federal Credit Union 5 7.03% $3,204
    1st Source Bank 5 7.25% $3,645
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.09% $9,550
    Farmers State Bank 4 7.34% $2,909
    VAN DYK MORTGAGE CORPORATION 3 7.04% $3,622
    STOCKTON MORTGAGE CORPORATION 3 7.08% $3,608
    Fifth Third Bank 3 7.39% $3,450
    TEACHERS CREDIT UNION 3 6.79% $2,553
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 7.37% $2,672
    Nations Lending Corporation 2 6.99% $3,361
    PNC Bank 2 5.81% $2,759
    BEACON CREDIT UNION 2 6.81% $1,976
    KeyBank 2 6.94% $3,629
    The Farmers & Merchants State Bank 2 6.48% $3,529
    First Merchants Bank 2 6.56% $2,844
    AMERISAVE MORTGAGE CORPORATION 2 7.00% $13,194
    MIDWEST AMERICA 2 7.06% $2,255
    UNITED WHOLESALE MORTGAGE, LLC 2 7.00% $6,212
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.50% $5,941
    Superior Credit Union, Inc. 1 5.88% $2,191
    The Citizens National Bank of Bluffton 1 7.38% $2,334
    The Dart Bank 1 6.50% $4,409
    The State Bank and Trust Company 1 6.38% $2,635
    TOP FLITE FINANCIAL, INC. 1 6.63% $6,790
    UNION HOME MORTGAGE CORP. 1 8.00% $2,627
    Wells Fargo Bank 1 6.38% $7,686
    OAK MORTGAGE, LLC 1 6.50% $6,043
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.75% $7,023
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.38% $6,640
    ARC HOME LLC 1 7.50% $2,668
    Bethpage Federal Credit Union 1 5.75% $3,775
    BROKER SOLUTIONS, INC. 1 6.88% $3,844
    CROSSCOUNTRY MORTGAGE, LLC 1 6.13% $11,136
    Directions Credit Union, Inc. 1 6.75% $0
    Fire Police City County Federal Credit Union 1 6.88% $3,056
    First Federal Bank 1 7.00% $3,890
    First Federal Bank of the Midwest 1 7.13% $2,944
    First Federal Savings Bank 1 7.50% $6,513
    First Federal Savings Bank 1 8.50% $2,780
    First Financial Bank 1 5.50% $2,848
    First State Bank of Middlebury 1 8.00% $2,022
    Flagstar Bank, FSB 1 8.13% $6,034
    Honor Credit Union 1 8.38% $2,389
    Horizon Bank 1 7.38% $2,213
    INTERRA CREDIT UNION 1 6.50% $3,444
    LOANDEPOT.COM, LLC 1 6.50% $3,240
    MICHIGAN MUTUAL, INC. 1 8.38% $4,984
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 1 6.13% $3,321
    Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $12,665
    NBKC BANK 1 6.00% $1,512
    Northpointe Bank 1 7.88% $4,156
    OMNI Community Credit Union 1 7.38% $2,348
    PREMIA MORTGAGE, LLC 1 6.00% $1,000
    PROPER RATE, LLC 1 6.63% $5,324
    PURDUE FEDERAL CREDIT UNION 1 6.50% $1,755
    REDWOOD RESIDENTIAL ACQUISITION CORPORATION 1 7.75% $4,367
    STAR Financial Bank 1 6.63% $2,517

    Angola Average Closing Costs & Other Stats

    Angola, IN's 69 lenders originated 735 loans during 2023. The total origination value was $154,105,000, with an average loan value of $209,667.

    Angola's average closing costs are $3,607.

    The top Angola lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 30 loans originated. Their average total fees are $4,718, which is $937 higher than the next largest lender, HALLMARK HOME MORTGAGE, LLC.

    The lowest fee Angola lenders (with over 10 loans originated) are ProFed Federal Credit Union ($2,512), Three Rivers Federal Credit Union ($2,540), HALLMARK HOME MORTGAGE, LLC ($3,781), GENEVA FINANCIAL, LLC ($3,982) and RUOFF MORTGAGE COMPANY, INC. ($4,718).

    The lowest rate Angola lenders (with over 10 loans originated) are ProFed Federal Credit Union (6.57%), QUICKEN LOANS, LLC (6.63%), RUOFF MORTGAGE COMPANY, INC. (7.08%), Three Rivers Federal Credit Union (7.10%) and GENEVA FINANCIAL, LLC (7.18%).

    Angola, IN 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
    RUOFF MORTGAGE COMPANY, INC. $20,825,000 $11,090,000 -46.7% 7.2%
    Three Rivers Federal Credit Union $22,955,000 $10,795,000 -53.0% 7.0%
    Farmers State Bank $13,060,000 $10,180,000 -22.1% 6.6%
    GVC MORTGAGE, INC. $6,780,000 $8,090,000 19.3% 5.2%
    HALLMARK HOME MORTGAGE, LLC $6,665,000 $6,735,000 1.1% 4.4%
    QUICKEN LOANS, LLC $6,180,000 $5,895,000 -4.6% 3.8%
    MIDWEST AMERICA $2,325,000 $5,305,000 128.2% 3.4%
    GENEVA FINANCIAL, LLC $3,430,000 $4,940,000 44.0% 3.2%
    The Huntington National Bank $4,485,000 $4,410,000 -1.7% 2.9%
    Lake City Bank $2,345,000 $4,340,000 85.1% 2.8%
    ProFed Federal Credit Union $9,805,000 $4,340,000 -55.7% 2.8%
    Union Savings Bank $2,715,000 $4,100,000 51.0% 2.7%
    JPMorgan Chase Bank $2,670,000 $3,265,000 22.3% 2.1%
    Fifth Third Bank $5,055,000 $3,255,000 -35.6% 2.1%
    PARTNERS 1ST Federal Credit Union $1,760,000 $2,650,000 50.6% 1.7%
    Wayne Savings Community Bank $2,445,000 n/a 1.6%
    First Federal Bank of the Midwest $3,685,000 $2,420,000 -34.3% 1.6%
    Flagstar Bank, FSB $3,485,000 $2,360,000 -32.3% 1.5%
    FORT FINANCIAL Federal Credit Union $1,655,000 $2,310,000 39.6% 1.5%
    PNC Bank $3,540,000 $2,300,000 -35.0% 1.5%
    OAK MORTGAGE, LLC $1,590,000 $2,100,000 32.1% 1.4%
    STAR Financial Bank $5,730,000 $2,085,000 -63.6% 1.4%
    The Garrett State Bank $5,145,000 $2,035,000 -60.4% 1.3%
    1st Source Bank $2,480,000 $2,010,000 -19.0% 1.3%
    Superior Credit Union, Inc. $105,000 $1,950,000 1,757.1% 1.3%
    First Merchants Bank $3,915,000 $1,710,000 -56.3% 1.1%
    UNITED WHOLESALE MORTGAGE, LLC $2,150,000 $1,590,000 -26.0% 1.0%
    TEACHERS CREDIT UNION $3,335,000 $1,310,000 -60.7% 0.9%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $470,000 $1,205,000 156.4% 0.8%
    The Farmers & Merchants State Bank $3,480,000 $1,160,000 -66.7% 0.8%
    Southern Michigan Bank & Trust $1,635,000 $1,150,000 -29.7% 0.7%
    KeyBank $3,310,000 $1,115,000 -66.3% 0.7%
    STOCKTON MORTGAGE CORPORATION $1,070,000 n/a 0.7%
    Wells Fargo Bank $1,725,000 $1,055,000 -38.8% 0.7%
    Bethpage Federal Credit Union $1,015,000 n/a 0.7%
    The State Bank and Trust Company $3,130,000 $1,010,000 -67.7% 0.7%
    AMERISAVE MORTGAGE CORPORATION $570,000 $975,000 71.1% 0.6%
    CROSSCOUNTRY MORTGAGE, LLC $1,660,000 $935,000 -43.7% 0.6%
    REDWOOD RESIDENTIAL ACQUISITION CORPORATION $935,000 n/a 0.6%
    First Financial Bank $105,000 $925,000 781.0% 0.6%
    The Campbell & Fetter Bank $1,550,000 $915,000 -41.0% 0.6%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $1,380,000 $900,000 -34.8% 0.6%
    Waterford Bank, N.A. $1,265,000 $885,000 -30.0% 0.6%
    First Federal Savings Bank $245,000 $880,000 259.2% 0.6%
    Horizon Bank $1,970,000 $805,000 -59.1% 0.5%
    VAN DYK MORTGAGE CORPORATION $225,000 $785,000 248.9% 0.5%
    Nations Lending Corporation $725,000 $720,000 -0.7% 0.5%
    Mortgage Research Center, LLC $2,395,000 $715,000 -70.1% 0.5%
    Farmers and Merchants Bank $1,345,000 $680,000 -49.4% 0.4%
    First Federal Savings and Loan Association of Lakewood $675,000 n/a 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $105,000 $655,000 523.8% 0.4%
    LOANDEPOT.COM, LLC $1,790,000 $625,000 -65.1% 0.4%
    ENDEAVOR CAPITAL, LLC. $235,000 $615,000 161.7% 0.4%
    The Citizens National Bank of Bluffton $610,000 n/a 0.4%
    NAVY FEDERAL CREDIT UNION $2,425,000 $575,000 -76.3% 0.4%
    The Union Bank Company $135,000 $555,000 311.1% 0.4%
    First Federal Savings Bank $245,000 $540,000 120.4% 0.4%
    The Federal Savings Bank $620,000 $475,000 -23.4% 0.3%
    BROKER SOLUTIONS, INC. $425,000 $465,000 9.4% 0.3%
    NEWREZ LLC $1,645,000 $465,000 -71.7% 0.3%
    INTERRA CREDIT UNION $385,000 $455,000 18.2% 0.3%
    MICHIGAN MUTUAL, INC. $500,000 $450,000 -10.0% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $3,260,000 $450,000 -86.2% 0.3%
    Honor Credit Union $435,000 n/a 0.3%
    ARC HOME LLC $425,000 n/a 0.3%
    Directions Credit Union, Inc. $425,000 n/a 0.3%
    PREMIA MORTGAGE, LLC $405,000 n/a 0.3%
    Fire Police City County Federal Credit Union $745,000 $380,000 -49.0% 0.2%
    Discover Bank $460,000 $335,000 -27.2% 0.2%
    FORUM Credit Union $25,000 $330,000 1,220.0% 0.2%
    NBKC BANK $325,000 n/a 0.2%
    Barrington Bank & Trust Company, N.A. $445,000 $320,000 -28.1% 0.2%
    TOP FLITE FINANCIAL, INC. $135,000 $315,000 133.3% 0.2%
    UNION HOME MORTGAGE CORP. $1,755,000 $310,000 -82.3% 0.2%
    BEACON CREDIT UNION $715,000 $295,000 -58.7% 0.2%
    First State Bank of Middlebury $295,000 n/a 0.2%
    CALCON MUTUAL MORTGAGE LLC $285,000 n/a 0.2%
    First Federal Bank $285,000 n/a 0.2%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $225,000 $275,000 22.2% 0.2%
    Carrington Mortgage Services, LLC $270,000 n/a 0.2%
    PURDUE FEDERAL CREDIT UNION $990,000 $270,000 -72.7% 0.2%
    GUARANTEED RATE, INC. $385,000 $265,000 -31.2% 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $255,000 n/a 0.2%
    CMG MORTGAGE, INC. $245,000 n/a 0.2%
    LOANPAL, LLC $135,000 $240,000 77.8% 0.2%
    The Dart Bank $225,000 n/a 0.1%
    OPEN MORTGAGE, LLC $205,000 n/a 0.1%
    FREEDOM MORTGAGE CORPORATION $1,200,000 $200,000 -83.3% 0.1%
    PROPER RATE, LLC $175,000 n/a 0.1%
    TELHIO $165,000 n/a 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $395,000 $165,000 -58.2% 0.1%
    CARDINAL FINANCIAL $735,000 $155,000 -78.9% 0.1%
    21ST MORTGAGE CORPORATION $110,000 $150,000 36.4% 0.1%
    Bank of America $810,000 $150,000 -81.5% 0.1%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $145,000 n/a 0.1%
    The Sherwood State Bank $145,000 n/a 0.1%
    Figure Lending LLC $140,000 n/a 0.1%
    CALIBER HOME LOANS, INC. $560,000 $125,000 -77.7% 0.1%
    Northpointe Bank $125,000 n/a 0.1%
    PLANET HOME LENDING, LLC $190,000 $125,000 -34.2% 0.1%
    Sturgis Bank & Trust Company $1,030,000 $115,000 -88.8% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $115,000 n/a 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $105,000 n/a 0.1%
    OMNI Community Credit Union $275,000 $95,000 -65.5% 0.1%
    PENNYMAC LOAN SERVICES, LLC $800,000 $85,000 -89.4% 0.1%
    ROYAL UNITED MORTGAGE LLC $415,000 $85,000 -79.5% 0.1%
    Deere Employees Credit Union $75,000 n/a 0.0%
    Farm Credit Mid-America, ACA $1,305,000 $75,000 -94.3% 0.0%
    Citizens Bank $365,000 $65,000 -82.2% 0.0%
    GENISYS $105,000 $65,000 -38.1% 0.0%
    Old National Bank $2,785,000 $65,000 -97.7% 0.0%
    SPRING EQ, LLC $105,000 $55,000 -47.6% 0.0%
    GREENSTATE CREDIT UNION $15,000 n/a 0.0%

    Angola's top lender by overall market share is RUOFF MORTGAGE COMPANY, INC., with 7.2% market share. In second place, with 7.0%, is Three Rivers Federal Credit Union, having originated $10,795,000 in loans. In third place, with 6.6%, is Farmers State Bank, having originated $10,180,000 in loans. In fourth place, with 5.2%, is GVC MORTGAGE, INC., having originated $8,090,000 in loans. In fifth place, with 4.4%, is HALLMARK HOME MORTGAGE, LLC, having originated $6,735,000 in loans.

    Angola, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 382 $111,520,000 $291,937
    Cash Out Refi 103 $13,155,000 $127,718
    Other 96 $7,000,000 $72,917
    Home Improvement 89 $8,165,000 $91,742
    Refi 65 $14,265,000 $219,462

    Angola's most frequently cited loan purpose was Home Purchase, with 382 originations. The 2nd most popular reason was Cash Out Refi, with 103 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 228 $55,520,000 $243,509
    7-8% 215 $46,885,000 $218,070
    Over 8% 169 $19,195,000 $113,580
    5-6% 77 $22,385,000 $290,714
    <2.5% 9 $155,000 $17,222
    4-5% 6 $1,030,000 $171,667
    3-4% 2 $390,000 $195,000

    During 2023, Angola's most frequently originated rate bucket was 6-7%, with 228 originations.

    Loan Sizing (Angola, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 247 $35,345,000 $143,097
    $100,000 or less 236 $12,030,000 $50,975
    $200k-400k 176 $48,900,000 $277,841
    $400k-600k 43 $20,335,000 $472,907
    $600k-1000k 23 $17,705,000 $769,783
    $Over $1MM 10 $19,790,000 $1,979,000

    Angola's loan sizing saw the bucket of loans from $100k-200k with 247 originations, totaling $35,345,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 239 $61,665,000 $258,013
    60-80% 140 $48,940,000 $349,571
    Under 20% 131 $6,995,000 $53,397
    20-40% 119 $12,465,000 $104,748
    40-60% 73 $13,955,000 $191,164
    Over 100% 3 $1,205,000 $401,667

    Angola's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 239 originations, totaling $61,665,000 in origination value.