BLOOMINGTON Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Bloomington averaged
6.65%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.78% and
one month ago for the week of 2023-02-09, the
average rate was 6.07%.
Bloomington's average rate one year ago was 4%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.57%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Bloomington 30 Year Fixed Rate | 2023-03-16 | 6.65% |
| Bloomington 30 Year Fixed Rate Refi | 2023-03-16 | 6.57% |
| Bloomington 15 Year Fixed Rate | 2023-03-16 | 6.46% |
| Bloomington 15 Year Fixed Rate Refi | 2023-03-16 | 6.36% |
| Bloomington 30 Year FHA | 2023-03-16 | 6.43% |
| Bloomington 30 Year FHA Refi | 2023-03-16 | 6.55% |
| Bloomington 30 Year USDA | 2023-03-16 | 6.52% |
| Bloomington 30 Year USDA Refi | 2023-03-16 | 6.65% |
| Bloomington 30 Year VA | 2023-03-16 | 6.6% |
| Bloomington 30 Year VA Refi | 2023-03-16 | 5.88% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within BLOOMINGTON, IN.
BLOOMINGTON 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 BLOOMINGTON, 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.).
BLOOMINGTON Average Closing Costs & Other Stats
BLOOMINGTON, IN's 190 lenders originated 6,460
loans during 2021. The total origination value was $1,527,940,000, with an average loan value of
$236,523.
BLOOMINGTON's average closing costs are $3,260.
The top BLOOMINGTON lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with
583 loans originated. Their average total fees are
$2,089, which is $64
higher than the next largest lender,
INDIANA UNIVERSITY CREDIT UNION.
The lowest fee BLOOMINGTON lenders (with over 10 loans originated) are
Union Savings Bank ($966), FORUM Credit Union ($1,947), INDIANA UNIVERSITY CREDIT UNION ($2,025), RUOFF MORTGAGE COMPANY, INC. ($2,089) and Old National Bank ($2,148).
The lowest rate BLOOMINGTON lenders (with over 10 loans originated) are
AMERISAVE MORTGAGE CORPORATION (2.85%), LOANDEPOT.COM, LLC (2.86%), FORUM Credit Union (2.91%), BETTER MORTGAGE CORPORATION (2.93%) and MORTGAGE MASTERS OF INDIANA, INC. (2.94%).
BLOOMINGTON, 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| RUOFF MORTGAGE COMPANY, INC. | $244,455,000 | $232,025,000 | -5.1% | 15.2% |
| INDIANA UNIVERSITY CREDIT UNION | $165,180,000 | $143,490,000 | -13.1% | 9.4% |
| QUICKEN LOANS, LLC | $76,310,000 | $83,860,000 | 9.9% | 5.5% |
| German American Bank | $78,860,000 | $80,855,000 | 2.5% | 5.3% |
| The Peoples State Bank | $93,360,000 | $76,335,000 | -18.2% | 5.0% |
| Old National Bank | $78,285,000 | $73,470,000 | -6.2% | 4.8% |
| COREVEST AMERICAN FINANCE LENDER LLC | $51,500,000 | n/a | 3.4% | |
| JPMorgan Chase Bank | $34,375,000 | $45,645,000 | 32.8% | 3.0% |
| FAIR WAY LENDING LLC | $32,840,000 | $41,435,000 | 26.2% | 2.7% |
| AMERICAN MORTGAGE SERVICE COMPANY | $38,060,000 | $37,365,000 | -1.8% | 2.4% |
| FREEDOM MORTGAGE CORPORATION | $32,375,000 | $34,655,000 | 7.0% | 2.3% |
| Fifth Third Bank | $19,515,000 | $27,750,000 | 42.2% | 1.8% |
| Merchants Bank of Indiana | $875,000 | $26,745,000 | 2,956.6% | 1.8% |
| Owen County State Bank | $16,715,000 | $20,260,000 | 21.2% | 1.3% |
| First Merchants Bank | $3,520,000 | $20,045,000 | 469.5% | 1.3% |
| First Financial Bank | $7,405,000 | $19,235,000 | 159.8% | 1.3% |
| MORTGAGE MASTERS OF INDIANA, INC. | $22,880,000 | $18,940,000 | -17.2% | 1.2% |
| Union Savings Bank | $22,835,000 | $18,610,000 | -18.5% | 1.2% |
| LOANDEPOT.COM, LLC | $7,040,000 | $16,485,000 | 134.2% | 1.1% |
| Mortgage Research Center, LLC | $12,255,000 | $15,565,000 | 27.0% | 1.0% |
| HALLMARK HOME MORTGAGE, LLC | $13,680,000 | $15,420,000 | 12.7% | 1.0% |
| BETTER MORTGAGE CORPORATION | $4,545,000 | $14,435,000 | 217.6% | 0.9% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $15,325,000 | $14,395,000 | -6.1% | 0.9% |
| CALIBER HOME LOANS, INC. | $12,265,000 | $13,290,000 | 8.4% | 0.9% |
| Wells Fargo Bank | $7,650,000 | $12,055,000 | 57.6% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $9,385,000 | $11,280,000 | 20.2% | 0.7% |
| Jackson County Bank | $13,700,000 | $10,460,000 | -23.6% | 0.7% |
| GVC MORTGAGE, INC. | $14,755,000 | $10,420,000 | -29.4% | 0.7% |
| The Huntington National Bank | $7,115,000 | $10,250,000 | 44.1% | 0.7% |
| Baxter Credit Union | $11,605,000 | $10,065,000 | -13.3% | 0.7% |
| NEWREZ LLC | $6,580,000 | $9,675,000 | 47.0% | 0.6% |
| Grandbridge Real Estate Capital LLC | $17,425,000 | $9,165,000 | -47.4% | 0.6% |
| The Federal Savings Bank | $19,100,000 | $8,920,000 | -53.3% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $1,665,000 | $8,540,000 | 412.9% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,385,000 | $8,480,000 | 57.5% | 0.6% |
| Regions Bank | $21,165,000 | $7,560,000 | -64.3% | 0.5% |
| Farm Credit Mid-America, ACA | $5,260,000 | $7,545,000 | 43.4% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,965,000 | $7,405,000 | 86.8% | 0.5% |
| Home Bank SB | $2,440,000 | $7,230,000 | 196.3% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $4,115,000 | $6,875,000 | 67.1% | 0.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $3,845,000 | $6,790,000 | 76.6% | 0.4% |
| CRESCENT MORTGAGE COMPANY | $920,000 | $6,580,000 | 615.2% | 0.4% |
| U.S. Bank | $2,980,000 | $5,695,000 | 91.1% | 0.4% |
| Farmers and Mechanics Federal Savings Bank | $6,950,000 | $5,650,000 | -18.7% | 0.4% |
| Northwest Bank | $5,070,000 | $5,465,000 | 7.8% | 0.4% |
| CRANE | $6,985,000 | $5,375,000 | -23.0% | 0.4% |
| Flagstar Bank, FSB | $2,735,000 | $5,180,000 | 89.4% | 0.3% |
| Elements Financial Federal Credit Union | $3,375,000 | $4,980,000 | 47.6% | 0.3% |
| First Midwest Bank | $3,375,000 | $4,960,000 | 47.0% | 0.3% |
| FORUM Credit Union | $4,250,000 | $4,750,000 | 11.8% | 0.3% |
| First Financial Bank | $7,405,000 | $4,625,000 | -37.5% | 0.3% |
| Carrington Mortgage Services, LLC | $4,300,000 | $4,455,000 | 3.6% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,025,000 | $4,425,000 | 46.3% | 0.3% |
| BROKER SOLUTIONS, INC. | $975,000 | $4,160,000 | 326.7% | 0.3% |
| MILESTONE HOME LENDING, LLC | $1,600,000 | $3,935,000 | 145.9% | 0.3% |
| InterContinental Capital Group, Inc | $1,410,000 | $3,810,000 | 170.2% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,075,000 | $3,585,000 | 72.8% | 0.2% |
| Horizon Bank | $1,840,000 | $3,490,000 | 89.7% | 0.2% |
| USAA Federal Savings Bank | $8,845,000 | $3,470,000 | -60.8% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $2,755,000 | $3,170,000 | 15.1% | 0.2% |
| Bank of America | $5,735,000 | $3,030,000 | -47.2% | 0.2% |
| INDIANA MEMBERS CREDIT UNION | $3,175,000 | $2,820,000 | -11.2% | 0.2% |
| Ally Bank | $320,000 | $2,750,000 | 759.4% | 0.2% |
| MJW Financial LLC | $2,165,000 | $2,450,000 | 13.2% | 0.2% |
| HOME POINT FINANCIAL CORPORATION | $2,860,000 | $2,360,000 | -17.5% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $4,180,000 | $2,350,000 | -43.8% | 0.2% |
| NEW DAY FINANCIAL, LLC | $2,215,000 | $2,295,000 | 3.6% | 0.2% |
| PNC Bank | $1,660,000 | $2,265,000 | 36.4% | 0.1% |
| EVANSVILLE TEACHERS | $2,825,000 | $2,170,000 | -23.2% | 0.1% |
| GUARANTEED RATE, INC. | $850,000 | $2,065,000 | 142.9% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $320,000 | $2,045,000 | 539.1% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $1,885,000 | $2,040,000 | 8.2% | 0.1% |
| Citizens Bank | $945,000 | $1,995,000 | 111.1% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $585,000 | $1,965,000 | 235.9% | 0.1% |
| Northpointe Bank | $3,565,000 | $1,900,000 | -46.7% | 0.1% |
| First Federal Savings Bank | $125,000 | $1,845,000 | 1,376.0% | 0.1% |
| NBKC BANK | $550,000 | $1,815,000 | 230.0% | 0.1% |
| ARC HOME LLC | $95,000 | $1,670,000 | 1,657.9% | 0.1% |
| SOFI LENDING CORP. | $1,800,000 | $1,650,000 | -8.3% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,205,000 | $1,605,000 | 33.2% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,780,000 | $1,520,000 | -14.6% | 0.1% |
| Morgan Stanley Private Bank | $665,000 | $1,500,000 | 125.6% | 0.1% |
| AMCAP MORTGAGE, LTD. | $1,490,000 | n/a | 0.1% | |
| AMERIFIRST FINANCIAL CORPORATION | $2,435,000 | $1,480,000 | -39.2% | 0.1% |
| Bank of England | $1,275,000 | $1,450,000 | 13.7% | 0.1% |
| Flanagan State Bank | $1,135,000 | $1,385,000 | 22.0% | 0.1% |
| UNION HOME MORTGAGE CORP. | $430,000 | $1,380,000 | 220.9% | 0.1% |
| First National Bank | $2,405,000 | $1,365,000 | -43.2% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $1,280,000 | $1,365,000 | 6.6% | 0.1% |
| CELEBRITY HOME LOANS, LLC | $890,000 | $1,290,000 | 44.9% | 0.1% |
| Low VA Rates, LLC | $960,000 | $1,280,000 | 33.3% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $2,930,000 | $1,265,000 | -56.8% | 0.1% |
| Nations Lending Corporation | $1,095,000 | $1,260,000 | 15.1% | 0.1% |
| TEACHERS CREDIT UNION | $335,000 | $1,155,000 | 244.8% | 0.1% |
| The Fountain Trust Company | $1,140,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $405,000 | $1,110,000 | 174.1% | 0.1% |
| UBS Bank USA | $345,000 | $1,105,000 | 220.3% | 0.1% |
| Stifel Bank and Trust | $690,000 | $1,080,000 | 56.5% | 0.1% |
| BLUELEAF LENDING, LLC | $875,000 | $1,060,000 | 21.1% | 0.1% |
| Community National Bank & Trust | $1,045,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $1,015,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $1,480,000 | $1,010,000 | -31.8% | 0.1% |
| Strong Home Mortgage, LLC | $765,000 | $1,005,000 | 31.4% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,070,000 | $975,000 | -8.9% | 0.1% |
| BMO Harris Bank | $235,000 | $975,000 | 314.9% | 0.1% |
| First Savings Bank | $575,000 | $975,000 | 69.6% | 0.1% |
| Terre Haute Savings Bank | $125,000 | $975,000 | 680.0% | 0.1% |
| PLANET HOME LENDING, LLC | $725,000 | $965,000 | 33.1% | 0.1% |
| KeyBank | $1,050,000 | $950,000 | -9.5% | 0.1% |
| First Federal Bank of the Midwest | $2,060,000 | $935,000 | -54.6% | 0.1% |
| North American Savings Bank, F.S.B. | $610,000 | $935,000 | 53.3% | 0.1% |
| JLB CORPORATION | $515,000 | $925,000 | 79.6% | 0.1% |
| Centra Credit Union | $2,130,000 | $920,000 | -56.8% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $980,000 | $915,000 | -6.6% | 0.1% |
| Community Mortgage Banc Corporation | $865,000 | $910,000 | 5.2% | 0.1% |
| Midwest Community Bank | $895,000 | n/a | 0.1% | |
| The Riddell National Bank | $1,630,000 | $895,000 | -45.1% | 0.1% |
| PROPER RATE, LLC | $135,000 | $885,000 | 555.6% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $820,000 | $875,000 | 6.7% | 0.1% |
| 1ST SIGNATURE LENDING, LLC | $1,370,000 | $865,000 | -36.9% | 0.1% |
| LOANFLIGHT LENDING, LLC | $285,000 | $865,000 | 203.5% | 0.1% |
| OCEANSIDE MORTGAGE COMPANY | $1,480,000 | $845,000 | -42.9% | 0.1% |
| V.I.P. MORTGAGE, INC. | $165,000 | $845,000 | 412.1% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $375,000 | $835,000 | 122.7% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $1,215,000 | $835,000 | -31.3% | 0.1% |
| Mercantile Bank of Michigan | $815,000 | n/a | 0.1% | |
| The Home Loan Expert LLC | $970,000 | $815,000 | -16.0% | 0.1% |
| First Farmers Bank and Trust Company | $395,000 | $810,000 | 105.1% | 0.1% |
| KELLER MORTGAGE, LLC | $530,000 | $805,000 | 51.9% | 0.1% |
| STEARNS LENDING, LLC | $950,000 | $805,000 | -15.3% | 0.1% |
| Arvest Bank | $755,000 | $795,000 | 5.3% | 0.1% |
| AmeriHome Mortgage Company, LLC | $750,000 | $790,000 | 5.3% | 0.1% |
| First Guaranty Mortgage Corporation | $775,000 | $785,000 | 1.3% | 0.1% |
| Centier Bank | $1,320,000 | $780,000 | -40.9% | 0.1% |
| T2 FINANCIAL LLC | $515,000 | $760,000 | 47.6% | 0.0% |
| Associated Bank | $975,000 | $745,000 | -23.6% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $740,000 | n/a | 0.0% | |
| CHERRY CREEK MORTGAGE, LLC | $720,000 | $725,000 | 0.7% | 0.0% |
| BNC National Bank | $425,000 | $720,000 | 69.4% | 0.0% |
| PHH Mortgage Corporation | $915,000 | $695,000 | -24.0% | 0.0% |
| SILVER HILL FUNDING, LLC | $695,000 | n/a | 0.0% | |
| Prospect Bank | $680,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $605,000 | $660,000 | 9.1% | 0.0% |
| TIAA, FSB | $350,000 | $655,000 | 87.1% | 0.0% |
| Advisors Mortgage Group, L.L.C. | $1,275,000 | $650,000 | -49.0% | 0.0% |
| American Community Bank of Indiana | $640,000 | n/a | 0.0% | |
| Guardian Savings Bank, A Federal Savings Bank | $125,000 | $640,000 | 412.0% | 0.0% |
| PURDUE FEDERAL CREDIT UNION | $1,025,000 | $615,000 | -40.0% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,855,000 | $615,000 | -66.8% | 0.0% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $610,000 | n/a | 0.0% | |
| VILLAGE CAPITAL & INVESTMENT LLC | $955,000 | $610,000 | -36.1% | 0.0% |
| Dollar Bank, Federal Savings Bank | $565,000 | n/a | 0.0% | |
| Magnolia Bank | $1,050,000 | $560,000 | -46.7% | 0.0% |
| Citizens Bank | $945,000 | $555,000 | -41.3% | 0.0% |
| Chicago Financial Services, Inc. | $545,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $545,000 | n/a | 0.0% | |
| ENDEAVOR CAPITAL, LLC. | $135,000 | $535,000 | 296.3% | 0.0% |
| INOVA FEDERAL CREDIT UNION | $535,000 | n/a | 0.0% | |
| Quontic Bank | $520,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $400,000 | $515,000 | 28.8% | 0.0% |
| ProFed Federal Credit Union | $500,000 | n/a | 0.0% | |
| TUCKER MORTGAGE, LLC | $145,000 | $500,000 | 244.8% | 0.0% |
| First Option Mortgage, LLC | $1,365,000 | $495,000 | -63.7% | 0.0% |
| Home Federal Savings Bank | $495,000 | n/a | 0.0% | |
| PlainsCapital Bank | $495,000 | n/a | 0.0% | |
| KS StateBank | $490,000 | n/a | 0.0% | |
| Axos Bank | $480,000 | n/a | 0.0% | |
| FINANCIAL CENTER FIRST CREDIT UNION | $260,000 | $480,000 | 84.6% | 0.0% |
| EMBRACE HOME LOANS, INC. | $1,660,000 | $470,000 | -71.7% | 0.0% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $585,000 | $465,000 | -20.5% | 0.0% |
| The National Bank of Indianapolis | $730,000 | $455,000 | -37.7% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $305,000 | $450,000 | 47.5% | 0.0% |
| CLEARPATH LENDING | $1,200,000 | $440,000 | -63.3% | 0.0% |
| Prosperity Home Mortgage, LLC | $135,000 | $430,000 | 218.5% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $655,000 | $425,000 | -35.1% | 0.0% |
| Charles Schwab Bank, SSB | $335,000 | $420,000 | 25.4% | 0.0% |
| Community First Bank of Indiana | $415,000 | n/a | 0.0% | |
| Dieterich Bank | $95,000 | $405,000 | 326.3% | 0.0% |
| Sunflower Bank | $335,000 | $395,000 | 17.9% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $155,000 | $390,000 | 151.6% | 0.0% |
| ACADEMY MORTGAGE CORPORATION | $195,000 | $385,000 | 97.4% | 0.0% |
| LOANPAL, LLC | $380,000 | n/a | 0.0% | |
| NATIONS RELIABLE LENDING, LLC | $370,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $1,010,000 | $370,000 | -63.4% | 0.0% |
| BAYSHORE MORTGAGE FUNDING, LLC | $360,000 | n/a | 0.0% | |
| GERSHMAN INVESTMENT CORP. | $360,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,180,000 | $360,000 | -69.5% | 0.0% |
| TJC Mortgage, Inc. | $355,000 | n/a | 0.0% | |
| AMERICAN ADVISORS GROUP | $380,000 | $350,000 | -7.9% | 0.0% |
| Figure Lending LLC | $180,000 | $345,000 | 91.7% | 0.0% |
| Citibank | $805,000 | $340,000 | -57.8% | 0.0% |
| WRIGHT-PATT CREDIT UNION, INC. | $205,000 | $340,000 | 65.9% | 0.0% |
| WESTERN EXPRESS LENDING | $115,000 | $330,000 | 187.0% | 0.0% |
| AMERICAN HERITAGE FCU | $325,000 | n/a | 0.0% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $325,000 | n/a | 0.0% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $390,000 | $325,000 | -16.7% | 0.0% |
| First Harrison Bank | $205,000 | $325,000 | 58.5% | 0.0% |
| SPRING EQ, LLC | $80,000 | $325,000 | 306.3% | 0.0% |
| First Bank Richmond | $170,000 | $320,000 | 88.2% | 0.0% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $165,000 | $320,000 | 93.9% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $315,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $310,000 | n/a | 0.0% | |
| Assurance Financial Group, L.L.C. | $185,000 | $305,000 | 64.9% | 0.0% |
| Deere Employees Credit Union | $285,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $400,000 | $285,000 | -28.8% | 0.0% |
| JUSTICE Federal Credit Union | $285,000 | n/a | 0.0% | |
| NUMARK CREDIT UNION | $285,000 | n/a | 0.0% | |
| Willamette Valley Bank | $275,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $270,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $265,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $560,000 | $265,000 | -52.7% | 0.0% |
| LENDERFI, INC. | $520,000 | $260,000 | -50.0% | 0.0% |
| DELMAR FINANCIAL COMPANY | $255,000 | n/a | 0.0% | |
| GSF Mortgage Corporation | $255,000 | n/a | 0.0% | |
| Hickory Point Bank and Trust | $255,000 | n/a | 0.0% | |
| MOVEMENT MORTGAGE, LLC | $175,000 | $255,000 | 45.7% | 0.0% |
| Greenfield Banking Company | $245,000 | n/a | 0.0% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $290,000 | $245,000 | -15.5% | 0.0% |
| MICHIGAN MUTUAL, INC. | $610,000 | $245,000 | -59.8% | 0.0% |
| UNIVERSITY LENDING GROUP, LLC | $245,000 | n/a | 0.0% | |
| Truist Bank | $2,185,000 | $240,000 | -89.0% | 0.0% |
| Watermark Capital, Inc. | $225,000 | $240,000 | 6.7% | 0.0% |
| FirstBank | $420,000 | $235,000 | -44.0% | 0.0% |
| 1st Source Bank | $1,280,000 | $230,000 | -82.0% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,075,000 | $225,000 | -79.1% | 0.0% |
| Colonial Savings, F.A. | $165,000 | $225,000 | 36.4% | 0.0% |
| Gateway First Bank | $450,000 | $225,000 | -50.0% | 0.0% |
| ACCELERATE MORTGAGE, LLC | $215,000 | n/a | 0.0% | |
| INLAND BANK & TRUST | $215,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $205,000 | n/a | 0.0% | |
| CMG MORTGAGE, INC. | $330,000 | $205,000 | -37.9% | 0.0% |
| Mid-Continent Funding, Inc. | $205,000 | n/a | 0.0% | |
| Republic Bank & Trust Company | $265,000 | $205,000 | -22.6% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $195,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $185,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $185,000 | n/a | 0.0% | |
| INLANTA MORTGAGE, INC. | $185,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $760,000 | $185,000 | -75.7% | 0.0% |
| STAR Financial Bank | $1,850,000 | $185,000 | -90.0% | 0.0% |
| First Federal Savings and Loan Association of Greensburg | $175,000 | n/a | 0.0% | |
| First Home Bank | $940,000 | $175,000 | -81.4% | 0.0% |
| OMNI Community Credit Union | $175,000 | n/a | 0.0% | |
| Wolfe Financial, Inc | $365,000 | $175,000 | -52.1% | 0.0% |
| Discover Bank | $165,000 | $170,000 | 3.0% | 0.0% |
| FINANCE OF AMERICA COMMERCIAL LLC | $165,000 | n/a | 0.0% | |
| Mid-Southern Savings Bank, FSB | $290,000 | $165,000 | -43.1% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $420,000 | $165,000 | -60.7% | 0.0% |
| Colten Mortgage, LLC | $155,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $155,000 | n/a | 0.0% | |
| HOMESTEAD FUNDING CORP. | $510,000 | $155,000 | -69.6% | 0.0% |
| Loan Simple, Inc. | $155,000 | n/a | 0.0% | |
| Longview Bank & Trust | $155,000 | n/a | 0.0% | |
| Paramount Bank | $155,000 | n/a | 0.0% | |
| UIF CORPORATION | $490,000 | $155,000 | -68.4% | 0.0% |
| VICTORY MORTGAGE, L.L.C. | $155,000 | n/a | 0.0% | |
| CIBM Bank | $5,140,000 | $145,000 | -97.2% | 0.0% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $470,000 | $145,000 | -69.1% | 0.0% |
| First Federal Savings Bank | $125,000 | $145,000 | 16.0% | 0.0% |
| Three Rivers Federal Credit Union | $260,000 | $145,000 | -44.2% | 0.0% |
| GUILD MORTGAGE COMPANY | $145,000 | $135,000 | -6.9% | 0.0% |
| Ixonia Bank | $135,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $135,000 | n/a | 0.0% | |
| SWBC MORTGAGE CORPORATION | $135,000 | n/a | 0.0% | |
| SOUTH CENTRAL BANK, INC. | $125,000 | n/a | 0.0% | |
| Citizens State Bank of New Castle | $115,000 | n/a | 0.0% | |
| Peoples Bank | $115,000 | n/a | 0.0% | |
| The Farmers Bank, Frankfort, Indiana | $115,000 | n/a | 0.0% | |
| Hometown Lenders, Inc. | $370,000 | $105,000 | -71.6% | 0.0% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $155,000 | $105,000 | -32.3% | 0.0% |
| Chartwell Financial, LLC | $50,000 | $90,000 | 80.0% | 0.0% |
| Civista Bank | $205,000 | $85,000 | -58.5% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $85,000 | n/a | 0.0% | |
| The North Salem State Bank | $175,000 | $80,000 | -54.3% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $65,000 | n/a | 0.0% | |
| Notre Dame Federal Credit Union Corporation | $460,000 | $55,000 | -88.0% | 0.0% |
| Oxford Bank & Trust | $25,000 | n/a | 0.0% |
BLOOMINGTON's top lender by overall market share is RUOFF MORTGAGE COMPANY, INC., with 15.2% market share. In second place, with 9.4%, is INDIANA UNIVERSITY CREDIT UNION, having originated $143,490,000 in loans. In third place, with 5.5%, is QUICKEN LOANS, LLC, having originated $83,860,000 in loans. In fourth place, with 5.3%, is German American Bank, having originated $80,855,000 in loans. In fifth place, with 5.0%, is The Peoples State Bank, having originated $76,335,000 in loans.
BLOOMINGTON Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - BLOOMINGTON (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $239,168 (11.1%) | $310,126 (2.2%) | 0.89 | 595 |
| 2018-02-01 | $254,950 (23.8%) | $318,348 (4.7%) | 0.93 | 620 |
| 2018-03-01 | $265,000 (17.9%) | $325,850 (4.2%) | 0.93 | 672 |
| 2018-04-01 | $266,000 (2.4%) | $324,828 (-7.6%) | 0.90 | 781 |
| 2018-05-01 | $268,200 (7.3%) | $331,495 (-3.2%) | 0.90 | 792 |
| 2018-06-01 | $266,350 (10.4%) | $332,862 (2.2%) | 0.89 | 775 |
| 2018-07-01 | $267,475 (19.1%) | $336,712 (11.0%) | 0.89 | 732 |
| 2018-08-01 | $257,450 (14.5%) | $327,387 (4.5%) | 0.86 | 702 |
| 2018-09-01 | $255,000 (11.2%) | $328,311 (1.3%) | 0.86 | 686 |
| 2018-10-01 | $262,400 (11.7%) | $332,706 (1.4%) | 0.89 | 704 |
| 2018-11-01 | $259,900 (13.1%) | $327,518 (1.4%) | 0.88 | 655 |
| 2018-12-01 | $259,900 (13.1%) | $329,729 (8.6%) | 0.90 | 582 |
| 2019-01-01 | $259,900 (8.7%) | $341,550 (10.1%) | 0.90 | 558 |
| 2019-02-01 | $261,000 (2.4%) | $330,850 (3.9%) | 0.88 | 599 |
| 2019-03-01 | $286,229 (8.0%) | $354,941 (8.9%) | 0.94 | 535 |
| 2019-04-01 | $308,500 (16.0%) | $386,780 (19.1%) | 0.98 | 430 |
| 2019-05-01 | $299,800 (11.8%) | $377,331 (13.8%) | 0.94 | 453 |
| 2019-06-01 | $300,000 (12.6%) | $372,759 (12.0%) | 0.94 | 453 |
| 2019-07-01 | $289,925 (8.4%) | $363,036 (7.8%) | 0.91 | 483 |
| 2019-08-01 | $284,255 (10.4%) | $359,158 (9.7%) | 0.90 | 486 |
| 2019-09-01 | $275,786 (8.2%) | $352,646 (7.4%) | 0.88 | 490 |
| 2019-10-01 | $273,041 (4.1%) | $353,782 (6.3%) | 0.88 | 473 |
| 2019-11-01 | $277,000 (6.6%) | $366,484 (11.9%) | 0.91 | 401 |
| 2019-12-01 | $291,000 (12.0%) | $383,855 (16.4%) | 0.97 | 338 |
| 2020-01-01 | $295,950 (13.9%) | $389,472 (14.0%) | 0.99 | 308 |
| 2020-02-01 | $309,000 (18.4%) | $392,178 (18.5%) | 1.01 | 322 |
| 2020-03-01 | $330,000 (15.3%) | $411,374 (15.9%) | 1.03 | 341 |
| 2020-04-01 | $324,975 (5.3%) | $396,452 (2.5%) | 1.02 | 367 |
| 2020-05-01 | $344,000 (14.7%) | $405,108 (7.4%) | 1.05 | 351 |
| 2020-06-01 | $339,350 (13.1%) | $407,644 (9.4%) | 1.00 | 342 |
| 2020-07-01 | $359,700 (24.1%) | $422,895 (16.5%) | 1.04 | 332 |
| 2020-08-01 | $359,900 (26.6%) | $420,809 (17.2%) | 1.03 | 318 |
| 2020-09-01 | $357,300 (29.6%) | $409,844 (16.2%) | 1.02 | 319 |
| 2020-10-01 | $320,000 (17.2%) | $391,814 (10.8%) | 0.92 | 316 |
| 2020-11-01 | $304,950 (10.1%) | $393,800 (7.5%) | 0.89 | 294 |
| 2020-12-01 | $299,950 (3.1%) | $392,612 (2.3%) | 0.89 | 236 |
| 2021-01-01 | $340,000 (14.9%) | $420,459 (8.0%) | 1.01 | 193 |
| 2021-02-01 | $367,000 (18.8%) | $453,243 (15.6%) | 1.07 | 157 |
| 2021-03-01 | $362,000 (9.7%) | $445,688 (8.3%) | 1.03 | 159 |
| 2021-04-01 | $345,250 (6.2%) | $427,176 (7.8%) | 0.93 | 168 |
| 2021-05-01 | $339,700 (-1.3%) | $440,408 (8.7%) | 0.90 | 158 |
| 2021-06-01 | $312,500 (-7.9%) | $424,563 (4.2%) | 0.82 | 210 |
| 2021-07-01 | $309,000 (-14.1%) | $409,355 (-3.2%) | 0.81 | 254 |
| 2021-08-01 | $307,975 (-14.4%) | $413,600 (-1.7%) | 0.82 | 270 |
| 2021-09-01 | $316,000 (-11.6%) | $413,265 (0.8%) | 0.84 | 253 |
| 2021-10-01 | $335,000 (4.7%) | $424,000 (8.2%) | 0.89 | 269 |
| 2021-11-01 | $334,900 (9.8%) | $431,701 (9.6%) | 0.89 | 236 |
| 2021-12-01 | $344,950 (15.0%) | $447,330 (13.9%) | 0.93 | 214 |
| 2022-01-01 | $352,450 (3.7%) | $463,108 (10.1%) | 0.95 | 186 |
| 2022-02-01 | $352,400 (-4.0%) | $476,896 (5.2%) | 0.92 | 170 |
| 2022-03-01 | $362,450 (0.1%) | $478,585 (7.4%) | 0.91 | 183 |
| 2022-04-01 | $365,000 (5.7%) | $481,704 (12.8%) | 0.87 | 195 |
| 2022-05-01 | $352,000 (3.6%) | $466,817 (6.0%) | 0.80 | 233 |
| 2022-06-01 | $354,175 (13.3%) | $452,596 (6.6%) | 0.79 | 291 |
| 2022-07-01 | $339,450 (9.9%) | $429,546 (4.9%) | 0.76 | 342 |
| 2022-08-01 | $349,950 (13.6%) | $434,338 (5.0%) | 0.81 | 347 |
| 2022-09-01 | $357,450 (13.1%) | $436,886 (5.7%) | 0.83 | 360 |
| 2022-10-01 | $334,500 (-0.2%) | $418,987 (-1.2%) | 0.79 | 389 |
| 2022-11-01 | $319,950 (-4.5%) | $388,607 (-10.0%) | 0.77 | 369 |
| 2022-12-01 | $315,000 (-8.7%) | $382,617 (-14.5%) | 0.78 | 288 |
| 2023-01-01 | $319,900 (-9.2%) | $385,712 (-16.7%) | 0.79 | 230 |
| 2023-02-01 | $332,950 (-5.5%) | $400,809 (-16.0%) | 0.80 | 226 |
BLOOMINGTON's median listing price for 2023-02-01 was $332,950, a difference of
$-19,450
(-5.5%) versus the prior year and
$13,050 versus the prior month.
BLOOMINGTON's median listing price comes in at 80% of the national average.
BLOOMINGTON's average listing price for 2023-02-01 was $400,809, a difference of $-76,087 (-16.0%) versus the prior year and $15,097 versus the prior month.
For the 2023-02-01 period, BLOOMINGTON had 226 MLS listings, a difference of -4 listings (-2%) versus the prior month and 56 listings (33%) versus the prior year.
BLOOMINGTON's median listing price comes in at 80% of the national average.
BLOOMINGTON's average listing price for 2023-02-01 was $400,809, a difference of $-76,087 (-16.0%) versus the prior year and $15,097 versus the prior month.
For the 2023-02-01 period, BLOOMINGTON had 226 MLS listings, a difference of -4 listings (-2%) versus the prior month and 56 listings (33%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - BLOOMINGTON (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 80 days | 1,958 sqft |
| 2018-02-01 | 76 days | 2,021 sqft |
| 2018-03-01 | 57 days | 2,104 sqft |
| 2018-04-01 | 49 days | 2,084 sqft |
| 2018-05-01 | 51 days | 2,069 sqft |
| 2018-06-01 | 52 days | 2,113 sqft |
| 2018-07-01 | 55 days | 2,138 sqft |
| 2018-08-01 | 59 days | 2,078 sqft |
| 2018-09-01 | 67 days | 2,034 sqft |
| 2018-10-01 | 67 days | 2,045 sqft |
| 2018-11-01 | 74 days | 2,041 sqft |
| 2018-12-01 | 81 days | 2,032 sqft |
| 2019-01-01 | 90 days | 2,016 sqft |
| 2019-02-01 | 75 days | 2,016 sqft |
| 2019-03-01 | 65 days | 2,105 sqft |
| 2019-04-01 | 55 days | 2,210 sqft |
| 2019-05-01 | 51 days | 2,121 sqft |
| 2019-06-01 | 55 days | 2,106 sqft |
| 2019-07-01 | 59 days | 2,095 sqft |
| 2019-08-01 | 63 days | 2,097 sqft |
| 2019-09-01 | 61 days | 2,052 sqft |
| 2019-10-01 | 60 days | 2,023 sqft |
| 2019-11-01 | 66 days | 1,954 sqft |
| 2019-12-01 | 87 days | 1,970 sqft |
| 2020-01-01 | 96 days | 1,893 sqft |
| 2020-02-01 | 47 days | 1,917 sqft |
| 2020-03-01 | 52 days | 2,064 sqft |
| 2020-04-01 | 59 days | 2,025 sqft |
| 2020-05-01 | 69 days | 2,187 sqft |
| 2020-06-01 | 64 days | 2,170 sqft |
| 2020-07-01 | 60 days | 2,190 sqft |
| 2020-08-01 | 66 days | 2,235 sqft |
| 2020-09-01 | 65 days | 2,181 sqft |
| 2020-10-01 | 59 days | 2,061 sqft |
| 2020-11-01 | 68 days | 2,005 sqft |
| 2020-12-01 | 77 days | 1,909 sqft |
| 2021-01-01 | 86 days | 2,010 sqft |
| 2021-02-01 | 89 days | 2,028 sqft |
| 2021-03-01 | 61 days | 1,956 sqft |
| 2021-04-01 | 43 days | 1,909 sqft |
| 2021-05-01 | 42 days | 1,886 sqft |
| 2021-06-01 | 32 days | 1,844 sqft |
| 2021-07-01 | 36 days | 1,880 sqft |
| 2021-08-01 | 42 days | 1,830 sqft |
| 2021-09-01 | 41 days | 1,886 sqft |
| 2021-10-01 | 49 days | 1,918 sqft |
| 2021-11-01 | 61 days | 1,873 sqft |
| 2021-12-01 | 64 days | 1,890 sqft |
| 2022-01-01 | 67 days | 1,901 sqft |
| 2022-02-01 | 55 days | 1,932 sqft |
| 2022-03-01 | 42 days | 1,922 sqft |
| 2022-04-01 | 37 days | 1,940 sqft |
| 2022-05-01 | 33 days | 1,829 sqft |
| 2022-06-01 | 34 days | 1,888 sqft |
| 2022-07-01 | 37 days | 1,840 sqft |
| 2022-08-01 | 45 days | 1,879 sqft |
| 2022-09-01 | 49 days | 1,951 sqft |
| 2022-10-01 | 51 days | 1,924 sqft |
| 2022-11-01 | 61 days | 1,837 sqft |
| 2022-12-01 | 74 days | 1,798 sqft |
| 2023-01-01 | 81 days | 1,787 sqft |
| 2023-02-01 | 44 days | 1,799 sqft |
BLOOMINGTON's median listing age (time on market) for 2023-02-01 was 44 days.
This
is -19%
shorter
than the same period one year ago.
BLOOMINGTON's median square footage for active listings during the 2023-02-01 period was 1,799 sqft. One year prior, the average listing was 1,932 sqft.
BLOOMINGTON's median square footage for active listings during the 2023-02-01 period was 1,799 sqft. One year prior, the average listing was 1,932 sqft.
BLOOMINGTON, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,341 | $676,055,000 | $288,789 |
| Refi | 2,163 | $485,735,000 | $224,565 |
| Cash Out Refi | 1,558 | $301,210,000 | $193,331 |
| Other | 199 | $25,225,000 | $126,759 |
| Home Improvement | 198 | $39,020,000 | $197,071 |
| NA | 1 | $695,000 | $695,000 |
Bloomington's most frequently cited loan purpose was Home Purchase, with 2,341 originations. The 2nd most popular reason was Refi, with 2,163 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 2,380 | $548,060,000 | $230,277 |
| 3-4% | 2,342 | $567,510,000 | $242,319 |
| <2.5% | 1,260 | $283,250,000 | $224,802 |
| 4-5% | 188 | $37,780,000 | $200,957 |
| 5-6% | 44 | $30,450,000 | $692,045 |
| Over 8% | 27 | $1,495,000 | $55,370 |
| 6-7% | 16 | $25,860,000 | $1,616,250 |
| 7-8% | 15 | $1,515,000 | $101,000 |
During 2021, Bloomington's most frequently originated rate bucket was 2.5-3%, with 2,380 originations.
Loan Sizing (BLOOMINGTON, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 2,672 | $400,280,000 | $149,805 |
| $200k-400k | 2,305 | $626,675,000 | $271,876 |
| $100,000 or less | 955 | $63,585,000 | $66,581 |
| $400k-600k | 412 | $195,500,000 | $474,515 |
| $600k-1000k | 69 | $53,185,000 | $770,797 |
| $Over $1MM | 47 | $188,715,000 | $4,015,213 |
BLOOMINGTON's loan sizing saw the bucket of loans from $100k-200k with 2,672 originations, totaling $400,280,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 2,239 | $594,915,000 | $265,706 |
| 80-100% | 1,826 | $490,280,000 | $268,499 |
| 40-60% | 1,080 | $224,960,000 | $208,296 |
| 20-40% | 527 | $68,275,000 | $129,554 |
| Under 20% | 242 | $14,690,000 | $60,702 |
| Over 100% | 42 | $37,830,000 | $900,714 |
BLOOMINGTON's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 2,239 originations, totaling $594,915,000 in origination value.