Ashtabula Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Ashtabula averaged
7.18%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
7.11% and
one month ago for the week of 2024-10-03, the
average rate was 6.31%.
Ashtabula's average rate one year ago was 8.15%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.69%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Ashtabula 30 Year Fixed Rate | 2024-11-07 | 7.18% |
| Ashtabula 30 Year Fixed Rate Refi | 2024-11-07 | 6.69% |
| Ashtabula 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Ashtabula 15 Year Fixed Rate Refi | 2024-11-07 | 6.3% |
| Ashtabula 30 Year FHA | 2024-11-07 | 6.59% |
| Ashtabula 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Ashtabula 30 Year USDA | 2024-11-07 | 6.38% |
| Ashtabula 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Ashtabula 30 Year VA | 2024-11-07 | 6.8% |
| Ashtabula 30 Year VA Refi | 2024-11-07 | 6.34% |
Ashtabula 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 Ashtabula, 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.).
Ashtabula Average Closing Costs & Other Stats
Ashtabula, OH's 75 lenders originated 1,550
loans during 2023. The total origination value was $209,920,000, with an average loan value of
$135,432.
Ashtabula's average closing costs are $4,977.
The top Ashtabula lender as defined by loan originations is The Huntington National Bank, with
61 loans originated. Their average total fees are
$4,647, which is $1,446
lower than the next largest lender,
CROSSCOUNTRY MORTGAGE, LLC.
The lowest fee Ashtabula lenders (with over 10 loans originated) are
RUOFF MORTGAGE COMPANY, INC. ($2,183), U.S. Bank ($3,976), The Middlefield Banking Company ($4,157), UNITED WHOLESALE MORTGAGE, LLC ($4,554) and The Huntington National Bank ($4,647).
The lowest rate Ashtabula lenders (with over 10 loans originated) are
The Middlefield Banking Company (6.20%), The Huntington National Bank (6.81%), QUICKEN LOANS, LLC (6.87%), RUOFF MORTGAGE COMPANY, INC. (6.89%) and UNITED WHOLESALE MORTGAGE, LLC (7.05%).
Ashtabula, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| The Huntington National Bank | $41,605,000 | $32,715,000 | -21.4% | 15.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $23,075,000 | $19,825,000 | -14.1% | 9.4% |
| The Andover Bank | $16,425,000 | $13,990,000 | -14.8% | 6.7% |
| The Middlefield Banking Company | $14,330,000 | $12,470,000 | -13.0% | 5.9% |
| QUICKEN LOANS, LLC | $23,295,000 | $12,025,000 | -48.4% | 5.7% |
| UNION HOME MORTGAGE CORP. | $9,495,000 | $7,585,000 | -20.1% | 3.6% |
| Mortgage Research Center, LLC | $7,610,000 | $6,535,000 | -14.1% | 3.1% |
| Ixonia Bank | $210,000 | $5,650,000 | 2,590.5% | 2.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $5,560,000 | $5,195,000 | -6.6% | 2.5% |
| U.S. Bank | $5,475,000 | $4,985,000 | -8.9% | 2.4% |
| Third Federal Savings and Loan Association of Cleveland | $4,070,000 | $4,010,000 | -1.5% | 1.9% |
| Farm Credit Mid-America, ACA | $4,720,000 | $3,840,000 | -18.6% | 1.8% |
| LIBERTY HOME MORTGAGE CORPORATION | $5,025,000 | $3,625,000 | -27.9% | 1.7% |
| Seven Seventeen Credit Union | $1,140,000 | $3,125,000 | 174.1% | 1.5% |
| Northwest Bank | $5,380,000 | $2,935,000 | -45.4% | 1.4% |
| RUOFF MORTGAGE COMPANY, INC. | $3,850,000 | $2,870,000 | -25.5% | 1.4% |
| First Commonwealth Bank | $2,520,000 | $2,555,000 | 1.4% | 1.2% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $2,755,000 | $2,345,000 | -14.9% | 1.1% |
| First National Bank of Pennsylvania | $2,320,000 | $2,160,000 | -6.9% | 1.0% |
| JPMorgan Chase Bank | $2,945,000 | $2,040,000 | -30.7% | 1.0% |
| First Federal Bank of the Midwest | $4,405,000 | $1,995,000 | -54.7% | 1.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $840,000 | $1,955,000 | 132.7% | 0.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,625,000 | $1,885,000 | -28.2% | 0.9% |
| LOANDEPOT.COM, LLC | $2,690,000 | $1,800,000 | -33.1% | 0.9% |
| Fifth Third Bank | $1,845,000 | $1,795,000 | -2.7% | 0.9% |
| KeyBank | $6,045,000 | $1,790,000 | -70.4% | 0.9% |
| BROKER SOLUTIONS, INC. | $685,000 | $1,670,000 | 143.8% | 0.8% |
| MMS MORTGAGE SERVICES, LTD. | $1,445,000 | $1,425,000 | -1.4% | 0.7% |
| AMERISAVE MORTGAGE CORPORATION | $2,425,000 | $1,405,000 | -42.1% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $1,705,000 | $1,400,000 | -17.9% | 0.7% |
| PNC Bank | $3,980,000 | $1,370,000 | -65.6% | 0.7% |
| American Midwest Mortgage Corporation | $1,235,000 | $1,220,000 | -1.2% | 0.6% |
| NEW DAY FINANCIAL, LLC | $460,000 | $1,220,000 | 165.2% | 0.6% |
| CNB Bank | $4,400,000 | $1,180,000 | -73.2% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $2,105,000 | $1,170,000 | -44.4% | 0.6% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $470,000 | $1,065,000 | 126.6% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,715,000 | $1,025,000 | -40.2% | 0.5% |
| Citizens Bank | $1,660,000 | $970,000 | -41.6% | 0.5% |
| GUARANTEED RATE, INC. | $2,020,000 | $890,000 | -55.9% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $2,640,000 | $880,000 | -66.7% | 0.4% |
| FIRST OHIO HOME FINANCE, INC. | $305,000 | $840,000 | 175.4% | 0.4% |
| Plains Commerce Bank | $160,000 | $840,000 | 425.0% | 0.4% |
| UNION CAPITAL MORTGAGE CORPORATION | $55,000 | $820,000 | 1,390.9% | 0.4% |
| Wayne Savings Community Bank | $805,000 | n/a | 0.4% | |
| USAA Federal Savings Bank | $1,310,000 | $710,000 | -45.8% | 0.3% |
| First Federal Savings and Loan Association of Lakewood | $4,710,000 | $700,000 | -85.1% | 0.3% |
| ENDEAVOR CAPITAL, LLC. | $685,000 | n/a | 0.3% | |
| POLARIS HOME FUNDING CORP. | $310,000 | $685,000 | 121.0% | 0.3% |
| MOVEMENT MORTGAGE, LLC | $390,000 | $680,000 | 74.4% | 0.3% |
| Nations Lending Corporation | $1,105,000 | $670,000 | -39.4% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $65,000 | $645,000 | 892.3% | 0.3% |
| Carrington Mortgage Services, LLC | $1,075,000 | $640,000 | -40.5% | 0.3% |
| Wells Fargo Bank | $1,565,000 | $620,000 | -60.4% | 0.3% |
| FIRST COMMUNITY MORTGAGE, INC. | $135,000 | $615,000 | 355.6% | 0.3% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $910,000 | $615,000 | -32.4% | 0.3% |
| First Financial Bank | $605,000 | n/a | 0.3% | |
| GSF Mortgage Corporation | $245,000 | $605,000 | 146.9% | 0.3% |
| MYCUMORTGAGE, LLC | $1,800,000 | $605,000 | -66.4% | 0.3% |
| Princeton Mortgage Corporation | $585,000 | n/a | 0.3% | |
| VILLAGE CAPITAL MORTGAGE | $360,000 | $560,000 | 55.6% | 0.3% |
| MEMBER FIRST MORTGAGE, LLC | $515,000 | n/a | 0.2% | |
| Raymond James Bank | $205,000 | $505,000 | 146.3% | 0.2% |
| Discover Bank | $200,000 | $475,000 | 137.5% | 0.2% |
| Community Bank | $455,000 | n/a | 0.2% | |
| ROYAL UNITED MORTGAGE LLC | $360,000 | $420,000 | 16.7% | 0.2% |
| US MORTGAGE CORPORATION | $1,885,000 | $415,000 | -78.0% | 0.2% |
| MORTGAGE ACCESS CORP. | $400,000 | n/a | 0.2% | |
| MICHIGAN MUTUAL, INC. | $390,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $385,000 | n/a | 0.2% | |
| The Farmers National Bank of Canfield | $1,785,000 | $375,000 | -79.0% | 0.2% |
| AMERICAN FINANCING CORPORATION | $85,000 | $365,000 | 329.4% | 0.2% |
| Greenville Savings Bank | $305,000 | $365,000 | 19.7% | 0.2% |
| NexBank | $415,000 | $355,000 | -14.5% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $345,000 | n/a | 0.2% | |
| FINANCE OF AMERICA REVERSE LLC | $340,000 | n/a | 0.2% | |
| WEST PENN FINANCIAL SERVICE CENTER, INC. | $135,000 | $335,000 | 148.1% | 0.2% |
| The State Bank and Trust Company | $330,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $215,000 | $320,000 | 48.8% | 0.2% |
| S&T Bank | $45,000 | $315,000 | 600.0% | 0.2% |
| Flagstar Bank, FSB | $615,000 | $305,000 | -50.4% | 0.1% |
| Westfield Bank, FSB | $425,000 | $305,000 | -28.2% | 0.1% |
| EQUITY RESOURCES, INC. | $55,000 | $290,000 | 427.3% | 0.1% |
| Portage Community Bank | $290,000 | n/a | 0.1% | |
| VAN DYK MORTGAGE CORPORATION | $280,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $2,205,000 | $250,000 | -88.7% | 0.1% |
| The Loan Store, Inc. | $165,000 | $240,000 | 45.5% | 0.1% |
| 21ST MORTGAGE CORPORATION | $595,000 | $235,000 | -60.5% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $235,000 | n/a | 0.1% | |
| SUMMIT FUNDING, INC. | $165,000 | $230,000 | 39.4% | 0.1% |
| Bank of America | $225,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $75,000 | $225,000 | 200.0% | 0.1% |
| Mercantile Bank of Michigan | $225,000 | n/a | 0.1% | |
| Union Savings Bank | $225,000 | n/a | 0.1% | |
| Gateway First Bank | $115,000 | $215,000 | 87.0% | 0.1% |
| Truist | $445,000 | $200,000 | -55.1% | 0.1% |
| Figure Lending LLC | $355,000 | $195,000 | -45.1% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $55,000 | $185,000 | 236.4% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $180,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $490,000 | $170,000 | -65.3% | 0.1% |
| Peoples Bank | $165,000 | n/a | 0.1% | |
| CARDINAL CREDIT UNION, INC. | $1,200,000 | $160,000 | -86.7% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $155,000 | n/a | 0.1% | |
| Beeline Loans, Inc. | $155,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $305,000 | $155,000 | -49.2% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $155,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $155,000 | n/a | 0.1% | |
| Coastal Community Bank | $150,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $720,000 | $145,000 | -79.9% | 0.1% |
| The Federal Savings Bank | $385,000 | $145,000 | -62.3% | 0.1% |
| Ameris Bank | $140,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $1,245,000 | $140,000 | -88.8% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $165,000 | $135,000 | -18.2% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $215,000 | $135,000 | -37.2% | 0.1% |
| Leader Bank | $135,000 | n/a | 0.1% | |
| Service Federal Credit Union | $135,000 | n/a | 0.1% | |
| THRIVE MORTGAGE, LLC | $135,000 | n/a | 0.1% | |
| CENTURY | $125,000 | n/a | 0.1% | |
| Florida Capital Bank | $115,000 | n/a | 0.1% | |
| Magnolia Bank | $115,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $115,000 | n/a | 0.1% | |
| FIRST HERITAGE FINANCIAL, LLC | $105,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $85,000 | $105,000 | 23.5% | 0.1% |
| SPRING EQ, LLC | $55,000 | $100,000 | 81.8% | 0.0% |
| NEWREZ LLC | $875,000 | $95,000 | -89.1% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $85,000 | n/a | 0.0% | |
| Dollar Bank, Federal Savings Bank | $1,040,000 | $85,000 | -91.8% | 0.0% |
| First Savings Bank | $75,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $75,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $55,000 | n/a | 0.0% | |
| CONSUMERS COOPERATIVE CREDIT UNION | $55,000 | n/a | 0.0% | |
| Civista Bank | $845,000 | $45,000 | -94.7% | 0.0% |
| WRIGHT-PATT CREDIT UNION, INC. | $360,000 | $45,000 | -87.5% | 0.0% |
Ashtabula's top lender by overall market share is The Huntington National Bank, with 15.6% market share. In second place, with 9.4%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $19,825,000 in loans. In third place, with 6.7%, is The Andover Bank, having originated $13,990,000 in loans. In fourth place, with 5.9%, is The Middlefield Banking Company, having originated $12,470,000 in loans. In fifth place, with 5.7%, is QUICKEN LOANS, LLC, having originated $12,025,000 in loans.
Ashtabula, OH Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 811 | $137,735,000 | $169,834 |
| Cash Out Refi | 210 | $24,580,000 | $117,048 |
| Home Improvement | 194 | $14,780,000 | $76,186 |
| Other | 192 | $14,540,000 | $75,729 |
| Refi | 143 | $18,285,000 | $127,867 |
Ashtabula's most frequently cited loan purpose was Home Purchase, with 811 originations. The 2nd most popular reason was Cash Out Refi, with 210 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 479 | $79,425,000 | $165,814 |
| 7-8% | 436 | $63,230,000 | $145,023 |
| Over 8% | 358 | $28,670,000 | $80,084 |
| 5-6% | 119 | $20,205,000 | $169,790 |
| <2.5% | 6 | $330,000 | $55,000 |
| 4-5% | 6 | $1,510,000 | $251,667 |
| 3-4% | 4 | $280,000 | $70,000 |
| 2.5-3% | 1 | $105,000 | $105,000 |
During 2023, Ashtabula's most frequently originated rate bucket was 6-7%, with 479 originations.
Loan Sizing (Ashtabula, OH MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 656 | $38,000,000 | $57,927 |
| $100k-200k | 622 | $88,870,000 | $142,878 |
| $200k-400k | 238 | $62,420,000 | $262,269 |
| $400k-600k | 23 | $11,035,000 | $479,783 |
| $600k-1000k | 9 | $6,085,000 | $676,111 |
| $Over $1MM | 2 | $3,510,000 | $1,755,000 |
Ashtabula's loan sizing saw the bucket of loans from $100,000 or less with 656 originations, totaling $38,000,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 586 | $101,300,000 | $172,867 |
| 60-80% | 288 | $46,280,000 | $160,694 |
| 20-40% | 229 | $18,415,000 | $80,415 |
| 40-60% | 154 | $19,480,000 | $126,494 |
| Under 20% | 137 | $4,425,000 | $32,299 |
| Over 100% | 14 | $3,240,000 | $231,429 |
Ashtabula's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 586 originations, totaling $101,300,000 in origination value.