Bellefontaine Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Bellefontaine averaged
6.85%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
6.79% and
one month ago for the week of 2023-08-10, the
average rate was 6.93%.
Bellefontaine's average rate one year ago was 5.96%.
For refis of the same type during the week of 2023-09-14, the average rate
was 7.58%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Bellefontaine 30 Year Fixed Rate | 2023-09-14 | 6.85% |
| Bellefontaine 30 Year Fixed Rate Refi | 2023-09-14 | 7.58% |
| Bellefontaine 15 Year Fixed Rate | 2023-09-14 | 6.61% |
| Bellefontaine 15 Year Fixed Rate Refi | 2023-09-14 | 6.81% |
| Bellefontaine 30 Year FHA | 2023-09-14 | 6.92% |
| Bellefontaine 30 Year FHA Refi | 2023-09-14 | 7.09% |
| Bellefontaine 30 Year USDA | 2023-09-14 | 7.08% |
| Bellefontaine 30 Year USDA Refi | 2023-09-14 | 7.18% |
| Bellefontaine 30 Year VA | 2023-09-14 | 6.71% |
| Bellefontaine 30 Year VA Refi | 2023-09-14 | 7.01% |
Bellefontaine 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 Bellefontaine, 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.).
Bellefontaine Average Closing Costs & Other Stats
Bellefontaine, OH's 105 lenders originated 1,226
loans during 2022. The total origination value was $230,190,000, with an average loan value of
$187,757.
Bellefontaine's average closing costs are $4,411.
The top Bellefontaine lender as defined by loan originations is The Huntington National Bank, with
37 loans originated. Their average total fees are
$3,865, which is $597
lower than the next largest lender,
UNION HOME MORTGAGE CORP..
The lowest fee Bellefontaine lenders (with over 10 loans originated) are
Union Savings Bank ($1,599), Superior Credit Union, Inc. ($3,085), Liberty National Bank ($3,100), The Richwood Banking Company ($3,472) and HONDA Federal Credit Union ($3,819).
The lowest rate Bellefontaine lenders (with over 10 loans originated) are
Union Savings Bank (4.26%), Superior Credit Union, Inc. (4.33%), Liberty National Bank (4.46%), HONDA Federal Credit Union (4.67%) and CROSSCOUNTRY MORTGAGE, LLC (4.87%).
Bellefontaine, 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Wells Fargo Bank | $1,570,000 | $26,910,000 | 1,614.0% | 11.7% |
| The Huntington National Bank | $28,550,000 | $20,435,000 | -28.4% | 8.9% |
| HONDA Federal Credit Union | $17,810,000 | $15,770,000 | -11.5% | 6.9% |
| UNION HOME MORTGAGE CORP. | $12,480,000 | $12,000,000 | -3.8% | 5.2% |
| QUICKEN LOANS, LLC | $21,850,000 | $11,060,000 | -49.4% | 4.8% |
| Union Savings Bank | $9,290,000 | $6,475,000 | -30.3% | 2.8% |
| Liberty National Bank | $12,665,000 | $6,125,000 | -51.6% | 2.7% |
| The Richwood Banking Company | $5,250,000 | $5,460,000 | 4.0% | 2.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $7,400,000 | $5,190,000 | -29.9% | 2.3% |
| Superior Credit Union, Inc. | $5,740,000 | $5,045,000 | -12.1% | 2.2% |
| WesBanco Bank, Inc. | $3,075,000 | $4,855,000 | 57.9% | 2.1% |
| KEMBA FINANCIAL | $5,445,000 | $4,070,000 | -25.3% | 1.8% |
| The Union Bank Company | $2,700,000 | $3,260,000 | 20.7% | 1.4% |
| LOANDEPOT.COM, LLC | $4,120,000 | $3,100,000 | -24.8% | 1.3% |
| PNC Bank | $3,330,000 | $3,095,000 | -7.1% | 1.3% |
| First Federal Bank of the Midwest | $1,790,000 | $3,030,000 | 69.3% | 1.3% |
| Fifth Third Bank | $7,320,000 | $3,010,000 | -58.9% | 1.3% |
| Mortgage Research Center, LLC | $2,805,000 | $3,010,000 | 7.3% | 1.3% |
| Minster Bank | $1,665,000 | $2,890,000 | 73.6% | 1.3% |
| Farm Credit Mid-America, ACA | $3,915,000 | $2,820,000 | -28.0% | 1.2% |
| CALIBER HOME LOANS, INC. | $5,870,000 | $2,695,000 | -54.1% | 1.2% |
| HOME POINT FINANCIAL CORPORATION | $3,010,000 | $2,660,000 | -11.6% | 1.2% |
| JPMorgan Chase Bank | $4,245,000 | $2,380,000 | -43.9% | 1.0% |
| First Federal Community Bank of Bucyrus | $2,230,000 | $2,370,000 | 6.3% | 1.0% |
| U.S. Bank | $3,270,000 | $2,335,000 | -28.6% | 1.0% |
| WRIGHT-PATT CREDIT UNION, INC. | $3,035,000 | $2,025,000 | -33.3% | 0.9% |
| RUOFF MORTGAGE COMPANY, INC. | $1,570,000 | $2,020,000 | 28.7% | 0.9% |
| The State Bank and Trust Company | $1,160,000 | $2,010,000 | 73.3% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $2,385,000 | $1,955,000 | -18.0% | 0.8% |
| Flagstar Bank, FSB | $4,830,000 | $1,825,000 | -62.2% | 0.8% |
| First Financial Bank | $1,670,000 | $1,735,000 | 3.9% | 0.8% |
| AMERISAVE MORTGAGE CORPORATION | $3,160,000 | $1,720,000 | -45.6% | 0.7% |
| MOVEMENT MORTGAGE, LLC | $1,525,000 | $1,630,000 | 6.9% | 0.7% |
| NFM, INC. | $440,000 | $1,585,000 | 260.2% | 0.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,795,000 | $1,585,000 | -43.3% | 0.7% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,240,000 | $1,540,000 | 24.2% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $5,015,000 | $1,460,000 | -70.9% | 0.6% |
| T2 FINANCIAL LLC | $1,620,000 | $1,430,000 | -11.7% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $1,720,000 | $1,235,000 | -28.2% | 0.5% |
| TELHIO | $830,000 | $1,210,000 | 45.8% | 0.5% |
| HOMESIDE FINANCIAL, LLC | $2,140,000 | $1,175,000 | -45.1% | 0.5% |
| AMERIFIRST FINANCIAL CORPORATION | $575,000 | $1,110,000 | 93.0% | 0.5% |
| The Farmers & Merchants State Bank | $130,000 | $1,025,000 | 688.5% | 0.4% |
| Bank of America | $845,000 | $980,000 | 16.0% | 0.4% |
| Third Federal Savings and Loan Association of Cleveland | $615,000 | $910,000 | 48.0% | 0.4% |
| GREYSTONE SERVICING COMPANY LLC | $905,000 | n/a | 0.4% | |
| Civista Bank | $2,555,000 | $880,000 | -65.6% | 0.4% |
| GUARANTEED RATE AFFINITY, LLC | $1,365,000 | $845,000 | -38.1% | 0.4% |
| THE EQUITABLE MORTGAGE CORPORATION | $1,380,000 | $820,000 | -40.6% | 0.4% |
| Citizens Bank | $105,000 | $810,000 | 671.4% | 0.4% |
| DAS Acquisition Company, LLC | $360,000 | $750,000 | 108.3% | 0.3% |
| The Park National Bank | $3,715,000 | $730,000 | -80.3% | 0.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $235,000 | $725,000 | 208.5% | 0.3% |
| Associated Bank | $690,000 | n/a | 0.3% | |
| First Merchants Bank | $330,000 | $680,000 | 106.1% | 0.3% |
| Equity Prime Mortgage LLC | $670,000 | n/a | 0.3% | |
| NEW DAY FINANCIAL, LLC | $475,000 | $660,000 | 38.9% | 0.3% |
| PRIORITY MORTGAGE CORP. | $2,060,000 | $655,000 | -68.2% | 0.3% |
| GUARANTEED RATE, INC. | $900,000 | $645,000 | -28.3% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,740,000 | $640,000 | -63.2% | 0.3% |
| AMERICAN MORTGAGE SERVICE COMPANY | $745,000 | $630,000 | -15.4% | 0.3% |
| USAA Federal Savings Bank | $455,000 | $625,000 | 37.4% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,260,000 | $615,000 | -81.1% | 0.3% |
| RAPID MORTGAGE COMPANY | $2,065,000 | $605,000 | -70.7% | 0.3% |
| NEWREZ LLC | $2,125,000 | $600,000 | -71.8% | 0.3% |
| BROKER SOLUTIONS, INC. | $1,730,000 | $575,000 | -66.8% | 0.2% |
| BMI Federal Credit Union | $240,000 | $560,000 | 133.3% | 0.2% |
| The First National Bank of Pandora | $260,000 | $555,000 | 113.5% | 0.2% |
| 21ST MORTGAGE CORPORATION | $255,000 | $525,000 | 105.9% | 0.2% |
| Morgan Stanley Private Bank | $525,000 | n/a | 0.2% | |
| Hometown Lenders, Inc. | $235,000 | $520,000 | 121.3% | 0.2% |
| Nations Lending Corporation | $395,000 | $520,000 | 31.6% | 0.2% |
| Servion, Inc. | $490,000 | n/a | 0.2% | |
| Forcht Bank | $470,000 | n/a | 0.2% | |
| LAND HOME FINANCIAL SERVICES, INC. | $470,000 | n/a | 0.2% | |
| THRIVE MORTGAGE, LLC | $635,000 | $470,000 | -26.0% | 0.2% |
| HALLMARK HOME MORTGAGE, LLC | $935,000 | $455,000 | -51.3% | 0.2% |
| AG Credit, Agricultural Credit Association | $225,000 | $440,000 | 95.6% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $125,000 | $440,000 | 252.0% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $230,000 | $435,000 | 89.1% | 0.2% |
| First Commonwealth Bank | $910,000 | $410,000 | -54.9% | 0.2% |
| Waterstone Mortgage Corporation | $545,000 | $405,000 | -25.7% | 0.2% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $400,000 | n/a | 0.2% | |
| First Federal Savings and Loan Association | $385,000 | n/a | 0.2% | |
| THE VINTON COUNTY NATIONAL BANK | $285,000 | $385,000 | 35.1% | 0.2% |
| EMBRACE HOME LOANS, INC. | $365,000 | n/a | 0.2% | |
| Heartland Bank | $625,000 | $360,000 | -42.4% | 0.2% |
| LOANPAL, LLC | $340,000 | n/a | 0.1% | |
| NETWORK CAPITAL FUNDING CORPORATION | $335,000 | n/a | 0.1% | |
| NTFN, INC. | $330,000 | $335,000 | 1.5% | 0.1% |
| The Citizens National Bank of Bluffton | $2,915,000 | $335,000 | -88.5% | 0.1% |
| 1ST SIGNATURE LENDING, LLC | $370,000 | $325,000 | -12.2% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $325,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $325,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $320,000 | n/a | 0.1% | |
| Stifel Bank and Trust | $315,000 | n/a | 0.1% | |
| SUPERIOR FINANCIAL SOLUTIONS, LLC | $265,000 | $315,000 | 18.9% | 0.1% |
| LIBERTY HOME MORTGAGE CORPORATION | $855,000 | $310,000 | -63.7% | 0.1% |
| Ally Bank | $305,000 | n/a | 0.1% | |
| First Bank Richmond | $1,095,000 | $295,000 | -73.1% | 0.1% |
| Carrington Mortgage Services, LLC | $710,000 | $285,000 | -59.9% | 0.1% |
| Firefighters & Company FCU | $285,000 | n/a | 0.1% | |
| Raymond James Bank | $285,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $530,000 | $280,000 | -47.2% | 0.1% |
| GENERAL ELECTRIC CREDIT UNION | $275,000 | n/a | 0.1% | |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $255,000 | $270,000 | 5.9% | 0.1% |
| Pathways Financial Credit Union, Inc. | $550,000 | $270,000 | -50.9% | 0.1% |
| First Guaranty Mortgage Corporation | $1,280,000 | $265,000 | -79.3% | 0.1% |
| Evolve Bank & Trust | $420,000 | $260,000 | -38.1% | 0.1% |
| MIDLAND MORTGAGE CORPORATION | $235,000 | n/a | 0.1% | |
| EQUITY RESOURCES, INC. | $1,030,000 | $230,000 | -77.7% | 0.1% |
| Northwest Bank | $225,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $210,000 | $220,000 | 4.8% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $85,000 | $220,000 | 158.8% | 0.1% |
| Figure Lending LLC | $270,000 | $215,000 | -20.4% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $85,000 | $215,000 | 152.9% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $205,000 | n/a | 0.1% | |
| CNB Bank | $95,000 | $205,000 | 115.8% | 0.1% |
| MICHIGAN MUTUAL, INC. | $215,000 | $205,000 | -4.7% | 0.1% |
| UNITED MORTGAGE CORP. | $205,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $95,000 | $195,000 | 105.3% | 0.1% |
| NBKC BANK | $195,000 | n/a | 0.1% | |
| BAY EQUITY LLC | $185,000 | n/a | 0.1% | |
| First Federal Bank | $165,000 | $185,000 | 12.1% | 0.1% |
| KeyBank | $355,000 | $185,000 | -47.9% | 0.1% |
| North American Savings Bank, F.S.B. | $185,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $165,000 | $175,000 | 6.1% | 0.1% |
| UNITED | $135,000 | $175,000 | 29.6% | 0.1% |
| AMERICAN ADVISORS GROUP | $290,000 | $165,000 | -43.1% | 0.1% |
| EVERETT FINANCIAL, INC. | $165,000 | n/a | 0.1% | |
| MYCUMORTGAGE, LLC | $185,000 | $155,000 | -16.2% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $155,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $150,000 | n/a | 0.1% | |
| Discover Bank | $130,000 | $140,000 | 7.7% | 0.1% |
| The Middlefield Banking Company | $140,000 | n/a | 0.1% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $135,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $125,000 | $135,000 | 8.0% | 0.1% |
| TOWNE MORTGAGE COMPANY | $155,000 | $135,000 | -12.9% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $390,000 | $135,000 | -65.4% | 0.1% |
| Cf Bank | $700,000 | $125,000 | -82.1% | 0.1% |
| Old National Bank | $125,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $125,000 | n/a | 0.1% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $130,000 | $115,000 | -11.5% | 0.0% |
| GUILD MORTGAGE COMPANY | $115,000 | n/a | 0.0% | |
| Three Rivers Federal Credit Union | $65,000 | $115,000 | 76.9% | 0.0% |
| Kingston National Bank | $105,000 | n/a | 0.0% | |
| POLARIS HOME FUNDING CORP. | $915,000 | $95,000 | -89.6% | 0.0% |
| THRIVENT Federal Credit Union | $95,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $230,000 | $75,000 | -67.4% | 0.0% |
| FAY SERVICING, LLC | $65,000 | n/a | 0.0% | |
| UNIVERSAL 1 CREDIT UNION | $65,000 | n/a | 0.0% | |
| BRIDGE | $55,000 | n/a | 0.0% | |
| East Coast Capital Corp. | $55,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $55,000 | n/a | 0.0% | |
| TEACHERS CREDIT UNION | $55,000 | n/a | 0.0% | |
| CHERRY CREEK MORTGAGE, LLC | $45,000 | n/a | 0.0% | |
| IH CREDIT UNION, INC. | $745,000 | $45,000 | -94.0% | 0.0% |
Bellefontaine's top lender by overall market share is Wells Fargo Bank, with 11.7% market share. In second place, with 8.9%, is The Huntington National Bank, having originated $20,435,000 in loans. In third place, with 6.9%, is HONDA Federal Credit Union, having originated $15,770,000 in loans. In fourth place, with 5.2%, is UNION HOME MORTGAGE CORP., having originated $12,000,000 in loans. In fifth place, with 4.8%, is QUICKEN LOANS, LLC, having originated $11,060,000 in loans.
Bellefontaine, OH Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 560 | $121,310,000 | $216,625 |
| Cash Out Refi | 331 | $44,565,000 | $134,637 |
| Refi | 136 | $47,330,000 | $348,015 |
| Home Improvement | 113 | $8,265,000 | $73,142 |
| Other | 86 | $8,720,000 | $101,395 |
Bellefontaine's most frequently cited loan purpose was Home Purchase, with 560 originations. The 2nd most popular reason was Cash Out Refi, with 331 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 294 | $46,820,000 | $159,252 |
| 5-6% | 292 | $45,370,000 | $155,377 |
| 4-5% | 267 | $74,645,000 | $279,569 |
| 6-7% | 146 | $22,020,000 | $150,822 |
| 7-8% | 64 | $8,240,000 | $128,750 |
| 2.5-3% | 64 | $15,740,000 | $245,938 |
| Over 8% | 49 | $3,035,000 | $61,939 |
| <2.5% | 30 | $7,540,000 | $251,333 |
During 2022, Bellefontaine's most frequently originated rate bucket was 3-4%, with 294 originations.
Loan Sizing (Bellefontaine, OH MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 455 | $66,525,000 | $146,209 |
| $100,000 or less | 427 | $24,675,000 | $57,787 |
| $200k-400k | 287 | $76,765,000 | $267,474 |
| $400k-600k | 41 | $19,865,000 | $484,512 |
| $600k-1000k | 10 | $7,520,000 | $752,000 |
| $Over $1MM | 6 | $34,840,000 | $5,806,667 |
Bellefontaine's loan sizing saw the bucket of loans from $100k-200k with 455 originations, totaling $66,525,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 433 | $88,275,000 | $203,868 |
| 60-80% | 274 | $59,010,000 | $215,365 |
| 20-40% | 179 | $14,505,000 | $81,034 |
| 40-60% | 162 | $25,760,000 | $159,012 |
| Under 20% | 133 | $5,715,000 | $42,970 |
| Over 100% | 10 | $27,540,000 | $2,754,000 |
Bellefontaine's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 433 originations, totaling $88,275,000 in origination value.