Ashland Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Ashland averaged
7.01%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.94% and
one month ago for the week of 2025-05-15, the
average rate was 7.11%.
Ashland's average rate one year ago was 7.25%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.01%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Ashland 30 Year Fixed Rate | 2025-06-18 | 7.01% |
| Ashland 30 Year Fixed Rate Refi | 2025-06-18 | 7.01% |
| Ashland 15 Year Fixed Rate | 2025-06-18 | 5.76% |
| Ashland 15 Year Fixed Rate Refi | 2025-06-18 | 6.16% |
| Ashland 30 Year FHA | 2025-06-18 | 0.42% |
| Ashland 30 Year FHA Refi | 2025-06-18 | 0% |
| Ashland 30 Year USDA | 2025-06-18 | -0.2% |
| Ashland 30 Year USDA Refi | 2025-06-18 | -0.2% |
| Ashland 30 Year VA | 2025-06-18 | 0.2% |
| Ashland 30 Year VA Refi | 2025-06-18 | 0% |
Ashland 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 Ashland, OH 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.).
Ashland Average Closing Costs & Other Stats
Ashland, OH's 59 lenders originated 1,139
loans during 2024. The total origination value was $180,545,000, with an average loan value of
$158,512.
Ashland's average closing costs are $4,535.
The top Ashland lender as defined by loan originations is Mechanics Bank, with
46 loans originated. Their average total fees are
$2,519, which is $1,640
lower than the next largest lender,
The Park National Bank.
The lowest fee Ashland lenders (with over 10 loans originated) are
Mechanics Bank ($2,519), JPMorgan Chase Bank ($3,922), THE EQUITABLE MORTGAGE CORPORATION ($4,017), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,115) and The Park National Bank ($4,158).
The lowest rate Ashland lenders (with over 10 loans originated) are
Mechanics Bank (6.01%), THE EQUITABLE MORTGAGE CORPORATION (6.54%), QUICKEN LOANS, LLC (6.55%), JPMorgan Chase Bank (6.73%) and The Huntington National Bank (6.93%).
Ashland, OH 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| The Huntington National Bank | $15,160,000 | $23,890,000 | 57.6% | 13.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $11,395,000 | $14,890,000 | 30.7% | 8.2% |
| Mechanics Bank | $12,720,000 | $14,775,000 | 16.2% | 8.2% |
| QUICKEN LOANS, LLC | $8,820,000 | $14,130,000 | 60.2% | 7.8% |
| The Park National Bank | $11,970,000 | $12,930,000 | 8.0% | 7.2% |
| PNC Bank | $3,400,000 | $6,810,000 | 100.3% | 3.8% |
| THE EQUITABLE MORTGAGE CORPORATION | $4,180,000 | $5,210,000 | 24.6% | 2.9% |
| Farm Credit Mid-America, ACA | $1,775,000 | $4,980,000 | 180.6% | 2.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,325,000 | $4,920,000 | -7.6% | 2.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,790,000 | $4,740,000 | 69.9% | 2.6% |
| UNION HOME MORTGAGE CORP. | $5,530,000 | $4,335,000 | -21.6% | 2.4% |
| Mortgage Research Center, LLC | $2,815,000 | $4,150,000 | 47.4% | 2.3% |
| JPMorgan Chase Bank | $1,640,000 | $3,245,000 | 97.9% | 1.8% |
| Wayne Savings Community Bank | $1,295,000 | $2,925,000 | 125.9% | 1.6% |
| The Farmers Savings Bank | $1,395,000 | $2,785,000 | 99.6% | 1.5% |
| The Commercial and Savings Bank of Millersburg Ohio | $740,000 | $2,675,000 | 261.5% | 1.5% |
| Directions Credit Union, Inc. | $2,625,000 | $2,240,000 | -14.7% | 1.2% |
| FREEDOM MORTGAGE CORPORATION | $965,000 | $1,990,000 | 106.2% | 1.1% |
| YOUR HOME FINANCIAL LLC | $225,000 | $1,875,000 | 733.3% | 1.0% |
| GUARANTEED RATE, INC. | $395,000 | $1,775,000 | 349.4% | 1.0% |
| The Farmers National Bank of Canfield | $1,335,000 | $1,740,000 | 30.3% | 1.0% |
| LOANDEPOT.COM, LLC | $930,000 | $1,450,000 | 55.9% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,010,000 | $1,395,000 | 38.1% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $475,000 | $1,220,000 | 156.8% | 0.7% |
| First Federal Bank of the Midwest | $2,635,000 | $1,175,000 | -55.4% | 0.7% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $1,985,000 | $1,085,000 | -45.3% | 0.6% |
| Sutton Bank | $375,000 | $1,010,000 | 169.3% | 0.6% |
| First Federal Savings and Loan Association of Lakewood | $970,000 | $965,000 | -0.5% | 0.5% |
| NORTHERN MORTGAGE SERVICES, LLC | $375,000 | $945,000 | 152.0% | 0.5% |
| NFM, INC. | $470,000 | $940,000 | 100.0% | 0.5% |
| RUOFF MORTGAGE COMPANY, INC. | $870,000 | $910,000 | 4.6% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $830,000 | $905,000 | 9.0% | 0.5% |
| FIRST OHIO HOME FINANCE, INC. | $620,000 | $855,000 | 37.9% | 0.5% |
| AmeriHome Mortgage Company, LLC | $210,000 | $825,000 | 292.9% | 0.5% |
| AG Credit, Agricultural Credit Association | $385,000 | $815,000 | 111.7% | 0.5% |
| The Apple Creek Banking Company | $550,000 | $815,000 | 48.2% | 0.5% |
| T2 FINANCIAL LLC | $285,000 | $740,000 | 159.6% | 0.4% |
| BROKER SOLUTIONS, INC. | $320,000 | $710,000 | 121.9% | 0.4% |
| First National Bank of Pennsylvania | $205,000 | $685,000 | 234.1% | 0.4% |
| U.S. Bank | $505,000 | $640,000 | 26.7% | 0.4% |
| Westfield Bank, FSB | $335,000 | $630,000 | 88.1% | 0.3% |
| 21ST MORTGAGE CORPORATION | $55,000 | $620,000 | 1,027.3% | 0.3% |
| Flagstar Bank, FSB | $865,000 | $610,000 | -29.5% | 0.3% |
| Nations Lending Corporation | $570,000 | n/a | 0.3% | |
| USAA Federal Savings Bank | $700,000 | $570,000 | -18.6% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $470,000 | $535,000 | 13.8% | 0.3% |
| GENEVA FINANCIAL, LLC | $175,000 | $480,000 | 174.3% | 0.3% |
| POLARIS HOME FUNDING CORP. | $480,000 | n/a | 0.3% | |
| First Commonwealth Bank | $470,000 | n/a | 0.3% | |
| WRIGHT-PATT CREDIT UNION, INC. | $345,000 | $470,000 | 36.2% | 0.3% |
| Carrington Mortgage Services, LLC | $340,000 | $450,000 | 32.4% | 0.2% |
| Citizens Bank | $425,000 | $450,000 | 5.9% | 0.2% |
| NEWREZ LLC | $415,000 | $445,000 | 7.2% | 0.2% |
| S1L, Inc. | $445,000 | n/a | 0.2% | |
| 1ST SIGNATURE LENDING, LLC | $195,000 | $435,000 | 123.1% | 0.2% |
| Third Federal Savings and Loan Association of Cleveland | $1,260,000 | $420,000 | -66.7% | 0.2% |
| C E S | $115,000 | $415,000 | 260.9% | 0.2% |
| First Merchants Bank | $405,000 | n/a | 0.2% | |
| RELIANCE FIRST CAPITAL, LLC | $610,000 | $400,000 | -34.4% | 0.2% |
| V.I.P. MORTGAGE, INC. | $400,000 | n/a | 0.2% | |
| First Federal Community Bank of Bucyrus | $385,000 | n/a | 0.2% | |
| Union Savings Bank | $300,000 | $380,000 | 26.7% | 0.2% |
| WesBanco | $365,000 | n/a | 0.2% | |
| Civista Bank | $815,000 | $360,000 | -55.8% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $125,000 | $340,000 | 172.0% | 0.2% |
| HomePromise Corporation | $325,000 | n/a | 0.2% | |
| NBKC BANK | $55,000 | $325,000 | 490.9% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $305,000 | n/a | 0.2% | |
| GVC MORTGAGE, INC. | $305,000 | n/a | 0.2% | |
| Farmers Bank & Trust | $295,000 | n/a | 0.2% | |
| Figure Lending LLC | $170,000 | $295,000 | 73.5% | 0.2% |
| KEMBA FINANCIAL | $295,000 | n/a | 0.2% | |
| MORTGAGEONE, INC. | $295,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $125,000 | $290,000 | 132.0% | 0.2% |
| Bath State Bank | $285,000 | n/a | 0.2% | |
| Discover Bank | $305,000 | $275,000 | -9.8% | 0.2% |
| Dollar Bank, Federal Savings Bank | $120,000 | $270,000 | 125.0% | 0.1% |
| LIBERTY HOME MORTGAGE CORPORATION | $155,000 | $265,000 | 71.0% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $75,000 | $265,000 | 253.3% | 0.1% |
| First National Bank of Bellevue | $105,000 | $255,000 | 142.9% | 0.1% |
| Republic State Mortgage Co. | $255,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $275,000 | $245,000 | -10.9% | 0.1% |
| SPRING EQ, LLC | $55,000 | $240,000 | 336.4% | 0.1% |
| AMERICAN FINANCING CORPORATION | $310,000 | $225,000 | -27.4% | 0.1% |
| TruHome Solutions, LLC | $215,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $105,000 | $215,000 | 104.8% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $205,000 | n/a | 0.1% | |
| Fifth Third Bank | $1,390,000 | $200,000 | -85.6% | 0.1% |
| The Federal Savings Bank | $255,000 | $195,000 | -23.5% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $445,000 | $195,000 | -56.2% | 0.1% |
| Plains Commerce Bank | $75,000 | $190,000 | 153.3% | 0.1% |
| ALLIED MORTGAGE GROUP, INC. | $195,000 | $185,000 | -5.1% | 0.1% |
| Equity Prime Mortgage LLC | $185,000 | n/a | 0.1% | |
| First Federal Bank of Ohio | $185,000 | n/a | 0.1% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $185,000 | n/a | 0.1% | |
| UNION CAPITAL MORTGAGE CORPORATION | $185,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $275,000 | $175,000 | -36.4% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $165,000 | n/a | 0.1% | |
| Community Star Credit Union | $145,000 | $165,000 | 13.8% | 0.1% |
| WEST PENN FINANCIAL SERVICE CENTER, INC. | $165,000 | n/a | 0.1% | |
| TELHIO | $160,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $165,000 | $155,000 | -6.1% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $370,000 | $155,000 | -58.1% | 0.1% |
| NEW DAY FINANCIAL, LLC | $255,000 | $155,000 | -39.2% | 0.1% |
| NP, Inc. | $155,000 | n/a | 0.1% | |
| OCEANSIDE MORTGAGE COMPANY | $155,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $155,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $255,000 | $140,000 | -45.1% | 0.1% |
| Wells Fargo Bank | $85,000 | $140,000 | 64.7% | 0.1% |
| CANOPY MORTGAGE, LLC | $135,000 | n/a | 0.1% | |
| PrimeSouth Bank | $135,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $95,000 | $130,000 | 36.8% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $900,000 | $110,000 | -87.8% | 0.1% |
| LAFAYETTE FEDERAL CREDIT UNION | $105,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $95,000 | n/a | 0.1% | |
| Coastal Community Bank | $55,000 | $95,000 | 72.7% | 0.1% |
| Prosperity Home Mortgage, LLC | $165,000 | $75,000 | -54.5% | 0.0% |
| Bethpage Federal Credit Union | $55,000 | n/a | 0.0% | |
| BRIDGE | $55,000 | n/a | 0.0% | |
| GEORGIA'S OWN | $55,000 | n/a | 0.0% | |
| MYCUMORTGAGE, LLC | $55,000 | n/a | 0.0% | |
| S&T Bank | $55,000 | n/a | 0.0% | |
| Gateway First Bank | $45,000 | $35,000 | -22.2% | 0.0% |
| Superior Credit Union, Inc. | $35,000 | n/a | 0.0% | |
| ATLANTA POSTAL | $25,000 | n/a | 0.0% |
Ashland's top lender by overall market share is The Huntington National Bank, with 13.2% market share. In second place, with 8.2%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $14,890,000 in loans. In third place, with 8.2%, is Mechanics Bank, having originated $14,775,000 in loans. In fourth place, with 7.8%, is QUICKEN LOANS, LLC, having originated $14,130,000 in loans. In fifth place, with 7.2%, is The Park National Bank, having originated $12,930,000 in loans.
Ashland, OH Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 543 | $112,545,000 | $207,265 |
| Cash Out Refi | 162 | $24,520,000 | $151,358 |
| Home Improvement | 158 | $12,760,000 | $80,759 |
| Refi | 153 | $21,035,000 | $137,484 |
| Other | 123 | $9,685,000 | $78,740 |
Ashland's most frequently cited loan purpose was Home Purchase, with 543 originations. The 2nd most popular reason was Cash Out Refi, with 162 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 338 | $67,040,000 | $198,343 |
| Over 8% | 329 | $26,865,000 | $81,657 |
| 7-8% | 264 | $43,550,000 | $164,962 |
| 5-6% | 117 | $27,015,000 | $230,897 |
| 4-5% | 12 | $2,980,000 | $248,333 |
| 3-4% | 3 | $645,000 | $215,000 |
| <2.5% | 2 | $10,000 | $5,000 |
During 2024, Ashland's most frequently originated rate bucket was 6-7%, with 338 originations.
Loan Sizing (Ashland, OH MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 426 | $61,080,000 | $143,380 |
| $100,000 or less | 406 | $23,270,000 | $57,315 |
| $200k-400k | 255 | $69,425,000 | $272,255 |
| $400k-600k | 41 | $18,695,000 | $455,976 |
| $600k-1000k | 9 | $5,835,000 | $648,333 |
| $Over $1MM | 2 | $2,240,000 | $1,120,000 |
Ashland's loan sizing saw the bucket of loans from $100k-200k with 426 originations, totaling $61,080,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 378 | $81,950,000 | $216,799 |
| 60-80% | 211 | $40,325,000 | $191,114 |
| 20-40% | 200 | $16,810,000 | $84,050 |
| Under 20% | 134 | $5,250,000 | $39,179 |
| 40-60% | 126 | $18,260,000 | $144,921 |
| Over 100% | 13 | $3,385,000 | $260,385 |
Ashland's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 378 originations, totaling $81,950,000 in origination value.