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 7.13% for the week of 2024-06-06, compared to the national average of 6.99% for the same period.

The average rate for the prior week (2024-05-30) was 7.17% and one month ago for the week of 2024-05-02, the average rate was 7.16%.

Bloomington's average rate one year ago was 6.53%.

For refis of the same type during the week of 2024-06-06, the average rate was 6.99%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-06 6.99%
Bloomington 30 Year Fixed Rate 2024-06-06 7.13%
Bloomington 30 Year Fixed Rate Refi 2024-06-06 6.99%
Bloomington 15 Year Fixed Rate 2024-06-06 6.28%
Bloomington 15 Year Fixed Rate Refi 2024-06-06 6.29%
Bloomington 30 Year FHA 2024-06-06 6.98%
Bloomington 30 Year FHA Refi 2024-06-06 6.89%
Bloomington 30 Year USDA 2024-06-06 6.8%
Bloomington 30 Year USDA Refi 2024-06-06 6.8%
Bloomington 30 Year VA 2024-06-06 6.26%
Bloomington 30 Year VA Refi 2024-06-06 6.19%
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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
RUOFF MORTGAGE COMPANY, INC. 188 6.86% $2,728
INDIANA UNIVERSITY CREDIT UNION 181 6.32% $2,033
QUICKEN LOANS, LLC 43 6.67% $6,411
FAIR WAY LENDING LLC 38 6.53% $4,412
German American Bank 32 6.84% $2,708
JPMorgan Chase Bank 31 6.62% $4,120
THRIVE MORTGAGE, LLC 25 6.26% $3,440
Old National Bank 23 6.83% $3,235
GVC MORTGAGE, INC. 18 6.88% $5,225
First Financial Bank 17 6.66% $3,094
CRANE 16 6.88% $1,671
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 16 6.82% $3,638
MILESTONE HOME LENDING, LLC 15 6.54% $5,674
UNITED WHOLESALE MORTGAGE, LLC 15 6.98% $4,892
Fifth Third Bank 15 6.72% $3,382
Union Savings Bank 14 6.45% $2,438
Jackson County Bank 14 5.91% $3,528
STOCKTON MORTGAGE CORPORATION 12 7.41% $4,829
MOVEMENT MORTGAGE, LLC 11 6.82% $3,898
Baxter Credit Union 11 6.42% $2,545
Elements Financial Federal Credit Union 10 6.43% $2,871
MORTGAGE MASTERS OF INDIANA, INC. 10 6.54% $3,227
Farm Credit Mid-America, ACA 9 7.01% $8,572
FIRST COMMUNITY MORTGAGE, INC. 9 7.40% $4,809
NAVY FEDERAL CREDIT UNION 9 6.61% $2,561
CALIBER HOME LOANS, INC. 8 6.61% $4,008
Wolfe Financial, Inc 8 7.23% $3,812
Regions Bank 8 7.13% $3,679
First Financial Bank 8 6.67% $3,118
HALLMARK HOME MORTGAGE, LLC 8 7.25% $5,239
The Federal Savings Bank 8 6.77% $4,725
MJW Financial LLC 7 6.87% $4,464
The Huntington National Bank 7 7.07% $4,040
NEWREZ LLC 6 7.31% $5,872
Prosperity Home Mortgage, LLC 6 6.58% $2,290
Northpointe Bank 6 6.83% $5,907
U.S. Bank 5 6.68% $4,020
Northwest Bank 5 6.63% $2,815
Bank of America 5 6.70% $3,206
Wells Fargo Bank 5 7.23% $5,635
Morgan Stanley Private Bank 5 6.22% $2,525
INDIANA MEMBERS CREDIT UNION 4 7.00% $4,033
TEACHERS CREDIT UNION 4 6.66% $2,564
LOANDEPOT.COM, LLC 4 6.81% $6,563
Centra Credit Union 4 6.00% $3,714
PENNYMAC LOAN SERVICES, LLC 4 7.03% $5,980
Flagstar Bank, FSB 4 7.22% $6,019
PNC Bank 4 6.75% $3,726
KeyBank 4 5.88% $6,128
CMG MORTGAGE, INC. 3 7.58% $3,065
Barrington Bank & Trust Company, N.A. 3 6.75% $4,417
Horizon Bank 3 7.33% $2,371
Mr. Cooper ( Nationstar Mortgage ) 3 6.79% $8,200
ZILLOW HOME LOANS, LLC 3 6.50% $7,296
FREEDOM MORTGAGE CORPORATION 3 7.29% $9,585
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.95% $5,133
FLAT BRANCH MORTGAGE, INC. 2 7.56% $3,686
Ally Bank 2 6.13% $1,576
AMERICAN FINANCING CORPORATION 2 7.37% $7,032
AMERISAVE MORTGAGE CORPORATION 2 6.50% $6,878
Bank of England 2 7.00% $3,906
BROKER SOLUTIONS, INC. 2 7.19% $3,090
Centier Bank 2 7.88% $1,382
CHURCHILL MORTGAGE CORPORATION 2 7.44% $4,945
Citizens Bank 2 7.13% $3,904
CROSSCOUNTRY MORTGAGE, LLC 2 7.44% $5,194
Farmers and Mechanics Federal Savings Bank 2 7.00% $820
FORUM Credit Union 2 6.25% $2,743
GUARANTEED RATE, INC. 2 7.06% $3,305
Magnolia Bank 2 7.00% $5,990
Mortgage Research Center, LLC 2 6.44% $3,314
PENTAGON FEDERAL CREDIT UNION 2 5.88% $2,076
PURDUE FEDERAL CREDIT UNION 2 6.56% $2,302
ROYAL UNITED MORTGAGE LLC 2 7.50% $7,821
UBS Bank USA 2 6.50% $3,280
UNION HOME MORTGAGE CORP. 2 6.06% $4,336
USAA Federal Savings Bank 2 6.00% $3,536
Warsaw Federal Savings and Loan Association 2 6.53% $5,071
GENEVA FINANCIAL, LLC 1 8.00% $16,291
Mutual Savings Bank 1 4.25% $10,505
NASA Federal Credit Union 1 6.13% $4,212
Gateway First Bank 1 6.88% $3,527
1st Source Bank 1 6.88% $2,368
Nicolet National Bank 1 7.25% $2,905
FIRST MORTGAGE COMPANY, INC. 1 8.00% $15,082
Northwest Bank 1 7.50% $6,161
First Merchants Bank 1 6.38% $2,782
NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.63% $2,992
First Federal Bank of the Midwest 1 6.50% $3,197
Paramount Residential Mortgage Group, Inc. 1 7.99% $5,138
First Farmers Bank and Trust Company 1 7.50% $1,954
BETTER MORTGAGE CORPORATION 1 7.25% $1,659
PHH Mortgage Corporation 1 6.88% $3,300
Plains Commerce Bank 1 6.38% $3,061
PLAZA HOME MORTGAGE, INC. 1 8.13% $5,698
Evolve Bank & Trust 1 7.88% $3,242
EVANSVILLE TEACHERS 1 6.63% $3,239
VAN DYK MORTGAGE CORPORATION 1 6.38% $1,451
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 7.63% $3,084
Raymond James Bank 1 5.00% $2,131
ENDEAVOR CAPITAL, LLC. 1 7.50% $5,699
V.I.P. MORTGAGE, INC. 1 7.38% $4,403
DRAPER AND KRAMER MORTGAGE CORP. 1 7.63% $7,106
Simmons Bank 1 5.63% $1,387
SOUTH CENTRAL BANK, INC. 1 7.25% $2,426
DIGITAL Federal Credit Union 1 6.38% $4,296
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.99% $3,519
Connexus Credit Union 1 7.99% $2,311
Charles Schwab Bank, SSB 1 5.88% $3,591
The Riddell National Bank 1 7.75% $2,647
Third Federal Savings and Loan Association of Cleveland 1 6.99% $0
CARDINAL FINANCIAL 1 6.99% $3,593
Truist 1 6.38% $2,256
TUCKER MORTGAGE, LLC 1 6.88% $2,465
Advisors Mortgage Group, L.L.C. 1 7.38% $2,099
UIF CORPORATION 1 6.50% $2,519
UMB Bank 1 5.59% $1,800
AmeriHome Mortgage Company, LLC 1 7.50% $5,123
CapStar Bank 1 7.50% $3,443
Blue Ridge Bank 1 7.50% $5,573
Merchants Bank of Indiana 1 7.00% $4,469
MICHIGAN MUTUAL, INC. 1 6.88% $7,914
LAND HOME FINANCIAL SERVICES, INC. 1 7.13% $3,014
LAKEVIEW LOAN SERVICING, LLC 1 7.99% $7,202
HSBC BANK USA, NATIONAL ASSOCIATION 1 7.57% $3,071
HOMESIDE FINANCIAL, LLC 1 6.88% $4,527
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.88% $4,572
GUILD MORTGAGE COMPANY 1 7.63% $3,779

BLOOMINGTON Average Closing Costs & Other Stats

BLOOMINGTON, IN's 128 lenders originated 2,821 loans during 2023. The total origination value was $862,365,000, with an average loan value of $305,695.

BLOOMINGTON's average closing costs are $3,589.

The top BLOOMINGTON lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 188 loans originated. Their average total fees are $2,728, which is $695 higher than the next largest lender, INDIANA UNIVERSITY CREDIT UNION.

The lowest fee BLOOMINGTON lenders (with over 10 loans originated) are CRANE ($1,671), INDIANA UNIVERSITY CREDIT UNION ($2,033), Union Savings Bank ($2,438), Baxter Credit Union ($2,545) and German American Bank ($2,708).

The lowest rate BLOOMINGTON lenders (with over 10 loans originated) are Jackson County Bank (5.91%), THRIVE MORTGAGE, LLC (6.26%), INDIANA UNIVERSITY CREDIT UNION (6.32%), Baxter Credit Union (6.42%) and Elements Financial Federal Credit Union (6.43%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
INDIANA UNIVERSITY CREDIT UNION $127,705,000 $110,355,000 -13.6% 12.8%
Lake City Bank $225,000 $77,885,000 34,515.6% 9.0%
RUOFF MORTGAGE COMPANY, INC. $115,730,000 $71,835,000 -37.9% 8.3%
Arbor Realty Trust, Inc. $65,005,000 n/a 7.5%
German American Bank $51,745,000 $42,310,000 -18.2% 4.9%
Old National Bank $43,980,000 $30,995,000 -29.5% 3.6%
M&T Realty Capital Corporation $25,930,000 n/a 3.0%
The Peoples State Bank $32,245,000 $23,775,000 -26.3% 2.8%
QUICKEN LOANS, LLC $45,325,000 $20,625,000 -54.5% 2.4%
Merchants Bank of Indiana $16,095,000 $20,220,000 25.6% 2.3%
WALKER & DUNLOP, LLC $52,220,000 $20,005,000 -61.7% 2.3%
Owen County State Bank $15,895,000 $14,445,000 -9.1% 1.7%
First Financial Bank $12,120,000 $13,700,000 13.0% 1.6%
Merchants Capital Corp. $13,600,000 n/a 1.6%
UNITED WHOLESALE MORTGAGE, LLC $7,835,000 $12,065,000 54.0% 1.4%
FAIR WAY LENDING LLC $21,070,000 $11,925,000 -43.4% 1.4%
JPMorgan Chase Bank $19,555,000 $11,890,000 -39.2% 1.4%
GREYSTONE SERVICING COMPANY LLC $11,365,000 n/a 1.3%
THRIVE MORTGAGE, LLC $855,000 $10,485,000 1,126.3% 1.2%
Jackson County Bank $9,405,000 $10,065,000 7.0% 1.2%
Fifth Third Bank $19,830,000 $8,555,000 -56.9% 1.0%
MILESTONE HOME LENDING, LLC $7,990,000 $8,315,000 4.1% 1.0%
Mortgage Research Center, LLC $9,905,000 $7,550,000 -23.8% 0.9%
First Financial Bank $12,120,000 $6,830,000 -43.6% 0.8%
NAVY FEDERAL CREDIT UNION $7,250,000 $6,675,000 -7.9% 0.8%
CRANE $9,915,000 $6,635,000 -33.1% 0.8%
Union Savings Bank $7,830,000 $6,560,000 -16.2% 0.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $6,260,000 $6,355,000 1.5% 0.7%
The Federal Savings Bank $5,955,000 $6,260,000 5.1% 0.7%
GVC MORTGAGE, INC. $10,805,000 $5,790,000 -46.4% 0.7%
Elements Financial Federal Credit Union $6,735,000 $5,350,000 -20.6% 0.6%
Regions Bank $7,265,000 $4,815,000 -33.7% 0.6%
Wells Fargo Bank $4,325,000 $4,575,000 5.8% 0.5%
Farm Credit Mid-America, ACA $5,185,000 $4,430,000 -14.6% 0.5%
The Huntington National Bank $8,260,000 $3,965,000 -52.0% 0.5%
Baxter Credit Union $9,350,000 $3,790,000 -59.5% 0.4%
FREEDOM MORTGAGE CORPORATION $8,210,000 $3,440,000 -58.1% 0.4%
HALLMARK HOME MORTGAGE, LLC $9,285,000 $3,350,000 -63.9% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $4,895,000 $3,320,000 -32.2% 0.4%
MORTGAGE MASTERS OF INDIANA, INC. $6,890,000 $3,255,000 -52.8% 0.4%
Northpointe Bank $2,560,000 $3,040,000 18.8% 0.4%
MOVEMENT MORTGAGE, LLC $420,000 $3,030,000 621.4% 0.4%
CALIBER HOME LOANS, INC. $9,525,000 $2,790,000 -70.7% 0.3%
STOCKTON MORTGAGE CORPORATION $155,000 $2,665,000 1,619.4% 0.3%
KeyBank $1,995,000 $2,635,000 32.1% 0.3%
FIRST COMMUNITY MORTGAGE, INC. $280,000 $2,575,000 819.6% 0.3%
USAA Federal Savings Bank $3,135,000 $2,470,000 -21.2% 0.3%
INDIANA MEMBERS CREDIT UNION $2,060,000 $2,325,000 12.9% 0.3%
TEACHERS CREDIT UNION $1,265,000 $2,295,000 81.4% 0.3%
MJW Financial LLC $2,430,000 $2,245,000 -7.6% 0.3%
PENNYMAC LOAN SERVICES, LLC $4,600,000 $2,235,000 -51.4% 0.3%
The National Bank of Indianapolis $2,085,000 $2,225,000 6.7% 0.3%
U.S. Bank $6,065,000 $2,145,000 -64.6% 0.2%
Bank of America $2,470,000 $2,110,000 -14.6% 0.2%
CROSSCOUNTRY MORTGAGE, LLC $1,570,000 $2,080,000 32.5% 0.2%
Morgan Stanley Private Bank $705,000 $2,075,000 194.3% 0.2%
FLAT BRANCH MORTGAGE, INC. $385,000 $2,030,000 427.3% 0.2%
NEWREZ LLC $1,940,000 $2,000,000 3.1% 0.2%
Home Bank SB $2,470,000 $1,955,000 -20.9% 0.2%
BROKER SOLUTIONS, INC. $2,900,000 $1,900,000 -34.5% 0.2%
Wolfe Financial, Inc $700,000 $1,845,000 163.6% 0.2%
PNC Bank $2,865,000 $1,695,000 -40.8% 0.2%
Northwest Bank $2,400,000 $1,655,000 -31.0% 0.2%
LOANDEPOT.COM, LLC $4,940,000 $1,650,000 -66.6% 0.2%
CHURCHILL MORTGAGE CORPORATION $2,025,000 $1,585,000 -21.7% 0.2%
Presidential Bank, FSB $1,565,000 n/a 0.2%
Horizon Bank $4,280,000 $1,545,000 -63.9% 0.2%
Flagstar Bank, FSB $3,055,000 $1,435,000 -53.0% 0.2%
Mutual Savings Bank $1,340,000 n/a 0.2%
SOUTH CENTRAL BANK, INC. $1,300,000 n/a 0.2%
Centra Credit Union $785,000 $1,220,000 55.4% 0.1%
First National Bank $1,760,000 $1,180,000 -33.0% 0.1%
UBS Bank USA $3,075,000 $1,175,000 -61.8% 0.1%
Blue Ridge Bank $300,000 $1,165,000 288.3% 0.1%
GUARANTEED RATE, INC. $615,000 $1,155,000 87.8% 0.1%
Citizens Bank $555,000 $1,140,000 105.4% 0.1%
Prosperity Home Mortgage, LLC $185,000 $1,110,000 500.0% 0.1%
AMERISAVE MORTGAGE CORPORATION $3,000,000 $1,100,000 -63.3% 0.1%
Charles Schwab Bank, SSB $1,095,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $1,070,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $215,000 $1,055,000 390.7% 0.1%
Warsaw Federal Savings and Loan Association $1,030,000 n/a 0.1%
CapStar Bank $1,010,000 n/a 0.1%
CMG MORTGAGE, INC. $880,000 n/a 0.1%
Carrington Mortgage Services, LLC $2,375,000 $875,000 -63.2% 0.1%
Figure Lending LLC $390,000 $805,000 106.4% 0.1%
Bank of England $640,000 $790,000 23.4% 0.1%
TOP FLITE FINANCIAL, INC. $450,000 $790,000 75.6% 0.1%
Discover Bank $600,000 $760,000 26.7% 0.1%
Plains Commerce Bank $760,000 n/a 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $270,000 $760,000 181.5% 0.1%
Citizens Bank $555,000 $750,000 35.1% 0.1%
PURDUE FEDERAL CREDIT UNION $380,000 $750,000 97.4% 0.1%
GENEVA FINANCIAL, LLC $965,000 $725,000 -24.9% 0.1%
V.I.P. MORTGAGE, INC. $725,000 n/a 0.1%
ENDEAVOR CAPITAL, LLC. $975,000 $720,000 -26.2% 0.1%
Hoosier Heartland State Bank $700,000 n/a 0.1%
MICHIGAN MUTUAL, INC. $700,000 n/a 0.1%
FORUM Credit Union $1,940,000 $685,000 -64.7% 0.1%
State Bank of Lizton $685,000 n/a 0.1%
LENDINGHOME FUNDING CORPORATION $670,000 n/a 0.1%
Magnolia Bank $305,000 $670,000 119.7% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $1,500,000 $665,000 -55.7% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $430,000 $665,000 54.7% 0.1%
UNION HOME MORTGAGE CORP. $905,000 $655,000 -27.6% 0.1%
Barrington Bank & Trust Company, N.A. $645,000 n/a 0.1%
CARDINAL FINANCIAL $1,415,000 $625,000 -55.8% 0.1%
EVERETT FINANCIAL, INC. $595,000 $600,000 0.8% 0.1%
Gateway First Bank $295,000 $600,000 103.4% 0.1%
LAKEVIEW LOAN SERVICING, LLC $1,935,000 $595,000 -69.3% 0.1%
PENTAGON FEDERAL CREDIT UNION $1,750,000 $585,000 -66.6% 0.1%
Stock Yards Bank & Trust Company $245,000 $585,000 138.8% 0.1%
NEW DAY FINANCIAL, LLC $890,000 $560,000 -37.1% 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $1,420,000 $495,000 -65.1% 0.1%
Farmers and Mechanics Federal Savings Bank $3,085,000 $485,000 -84.3% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $485,000 n/a 0.1%
FIRST MORTGAGE COMPANY, INC. $475,000 n/a 0.1%
Ally Bank $4,225,000 $470,000 -88.9% 0.1%
LOANPAL, LLC $1,125,000 $470,000 -58.2% 0.1%
First Federal Bank of the Midwest $1,215,000 $465,000 -61.7% 0.1%
ROYAL UNITED MORTGAGE LLC $1,200,000 $465,000 -61.3% 0.1%
AMWEST FUNDING CORP. $430,000 n/a 0.0%
LEADERONE FINANCIAL CORPORATION $430,000 n/a 0.0%
Centier Bank $20,545,000 $425,000 -97.9% 0.0%
Evolve Bank & Trust $415,000 n/a 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $8,600,000 $415,000 -95.2% 0.0%
SPRING EQ, LLC $470,000 $405,000 -13.8% 0.0%
The Fountain Trust Company $395,000 n/a 0.0%
1st Source Bank $680,000 $390,000 -42.6% 0.0%
VAN DYK MORTGAGE CORPORATION $135,000 $385,000 185.2% 0.0%
First Merchants Bank $820,000 $380,000 -53.7% 0.0%
AmeriHome Mortgage Company, LLC $280,000 $365,000 30.4% 0.0%
DAS Acquisition Company, LLC $365,000 n/a 0.0%
DIRECT MORTGAGE LOANS, LLC $185,000 $365,000 97.3% 0.0%
First Federal Savings Bank $125,000 $350,000 180.0% 0.0%
TRIAD FINANCIAL SERVICES, INC. $245,000 $340,000 38.8% 0.0%
Three Rivers Federal Credit Union $665,000 $335,000 -49.6% 0.0%
BMO Harris Bank $1,255,000 $330,000 -73.7% 0.0%
Truist $325,000 n/a 0.0%
EVANSVILLE TEACHERS $2,165,000 $310,000 -85.7% 0.0%
The North Salem State Bank $1,180,000 $310,000 -73.7% 0.0%
LENOX FINANCIAL MORTGAGE CORPORATION $305,000 n/a 0.0%
Nicolet National Bank $305,000 n/a 0.0%
Raymond James Bank $305,000 n/a 0.0%
UIF CORPORATION $305,000 n/a 0.0%
PHH Mortgage Corporation $280,000 $300,000 7.1% 0.0%
Loan Simple, Inc. $760,000 $285,000 -62.5% 0.0%
NBKC BANK $405,000 $285,000 -29.6% 0.0%
Northwest Bank $2,400,000 $285,000 -88.1% 0.0%
BETTER MORTGAGE CORPORATION $3,080,000 $275,000 -91.1% 0.0%
HSBC BANK USA, NATIONAL ASSOCIATION $275,000 n/a 0.0%
NASA Federal Credit Union $275,000 n/a 0.0%
Simmons Bank $385,000 $275,000 -28.6% 0.0%
EUSTIS AND AMERICAN MORTGAGE COMPANY $930,000 $270,000 -71.0% 0.0%
The Riddell National Bank $730,000 $270,000 -63.0% 0.0%
21ST MORTGAGE CORPORATION $1,270,000 $265,000 -79.1% 0.0%
Advisors Mortgage Group, L.L.C. $265,000 n/a 0.0%
UTAH FIRST $265,000 n/a 0.0%
1ST SIGNATURE LENDING, LLC $1,155,000 $255,000 -77.9% 0.0%
DIGITAL Federal Credit Union $255,000 n/a 0.0%
The Farmers & Merchants State Bank $255,000 n/a 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $425,000 $245,000 -42.4% 0.0%
First Farmers Bank and Trust Company $685,000 $240,000 -65.0% 0.0%
Nations Lending Corporation $1,645,000 $235,000 -85.7% 0.0%
AMERICAN FINANCING CORPORATION $665,000 $230,000 -65.4% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $225,000 n/a 0.0%
Busey Bank $78,415,000 $225,000 -99.7% 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $1,010,000 $225,000 -77.7% 0.0%
ENVOY MORTGAGE, LTD $225,000 n/a 0.0%
INTERLINC MORTGAGE SERVICES, LLC $225,000 n/a 0.0%
Security Federal Savings Bank $215,000 n/a 0.0%
VILLAGE CAPITAL MORTGAGE $310,000 $215,000 -30.6% 0.0%
AXIA FINANCIAL, LLC $205,000 n/a 0.0%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $205,000 n/a 0.0%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $225,000 $205,000 -8.9% 0.0%
NOVA FINANCIAL & INVESTMENT CORPORATION $955,000 $195,000 -79.6% 0.0%
RELIANCE FIRST CAPITAL, LLC $650,000 $195,000 -70.0% 0.0%
Associated Bank $135,000 $185,000 37.0% 0.0%
Pinnacle Bank $185,000 n/a 0.0%
LENDINGONE, LLC $175,000 n/a 0.0%
TUCKER MORTGAGE, LLC $740,000 $165,000 -77.7% 0.0%
Commerce Home Mortgage, Inc. $155,000 n/a 0.0%
HOMESIDE FINANCIAL, LLC $1,495,000 $155,000 -89.6% 0.0%
PLAZA HOME MORTGAGE, INC. $865,000 $155,000 -82.1% 0.0%
The Home National Bank of Thorntown $155,000 n/a 0.0%
UMB Bank $155,000 n/a 0.0%
ALLIED MORTGAGE GROUP, INC. $145,000 n/a 0.0%
Flanagan State Bank $1,245,000 $145,000 -88.4% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,530,000 $145,000 -90.5% 0.0%
Mid-Southern Savings Bank, FSB $135,000 n/a 0.0%
ALLIANT CREDIT UNION $245,000 $130,000 -46.9% 0.0%
FINANCE OF AMERICA REVERSE LLC $130,000 n/a 0.0%
The Campbell & Fetter Bank $125,000 n/a 0.0%
GUILD MORTGAGE COMPANY $115,000 n/a 0.0%
Third Federal Savings and Loan Association of Cleveland $335,000 $105,000 -68.7% 0.0%
THRIVENT Federal Credit Union $25,000 $105,000 320.0% 0.0%
ARC HOME LLC $295,000 $95,000 -67.8% 0.0%
OCEANSIDE MORTGAGE COMPANY $260,000 $95,000 -63.5% 0.0%
LAND HOME FINANCIAL SERVICES, INC. $85,000 n/a 0.0%
SUN WEST MORTGAGE COMPANY, INC. $280,000 $85,000 -69.6% 0.0%
FINANCIAL CENTER FIRST CREDIT UNION $35,000 $80,000 128.6% 0.0%
OPEN MORTGAGE, LLC $75,000 n/a 0.0%
Chartwell Financial, LLC $160,000 $65,000 -59.4% 0.0%
Connexus Credit Union $65,000 n/a 0.0%
L & N Federal Credit Union $65,000 n/a 0.0%
UNITED $45,000 n/a 0.0%
PARK COMMUNITY CREDIT UNION, INC. $165,000 $25,000 -84.8% 0.0%
MID AMERICA MORTGAGE, INC. $650,000 $5,000 -99.2% 0.0%

BLOOMINGTON's top lender by overall market share is INDIANA UNIVERSITY CREDIT UNION, with 12.8% market share. In second place, with 9.0%, is Lake City Bank, having originated $77,885,000 in loans. In third place, with 8.3%, is RUOFF MORTGAGE COMPANY, INC., having originated $71,835,000 in loans. In fourth place, with 7.5%, is Arbor Realty Trust, Inc., having originated $65,005,000 in loans. In fifth place, with 4.9%, is German American Bank, having originated $42,310,000 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 $266,725 (2.6%) $324,947 (-7.5%) 0.90 781
2018-05-01 $268,225 (7.3%) $331,483 (-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 $257,700 (14.6%) $327,499 (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 (1.5%) 0.88 655
2018-12-01 $259,900 (13.2%) $329,729 (8.8%) 0.90 582
2019-01-01 $259,675 (8.6%) $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 (15.7%) $386,455 (18.9%) 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 (10.3%) $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 (14.0%) $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 (2.6%) 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 $359,700 (26.5%) $420,606 (17.1%) 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 $339,350 (-1.4%) $433,902 (7.1%) 0.90 158
2021-06-01 $312,450 (-7.9%) $418,914 (2.8%) 0.82 209
2021-07-01 $306,950 (-14.7%) $404,792 (-4.3%) 0.81 253
2021-08-01 $306,950 (-14.7%) $409,119 (-2.7%) 0.82 269
2021-09-01 $315,000 (-11.8%) $408,913 (-0.2%) 0.84 252
2021-10-01 $335,000 (4.7%) $420,064 (7.2%) 0.89 269
2021-11-01 $334,900 (9.8%) $431,701 (9.6%) 0.90 236
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 (3.7%) $466,817 (7.6%) 0.80 233
2022-06-01 $354,175 (13.4%) $452,596 (8.0%) 0.79 291
2022-07-01 $339,450 (10.6%) $429,546 (6.1%) 0.76 342
2022-08-01 $349,950 (14.0%) $434,338 (6.2%) 0.81 347
2022-09-01 $357,450 (13.5%) $436,886 (6.8%) 0.84 360
2022-10-01 $334,500 (-0.2%) $418,987 (-0.3%) 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
2023-03-01 $344,500 (-5.0%) $406,923 (-15.0%) 0.81 230
2023-04-01 $372,450 (2.0%) $434,084 (-9.9%) 0.87 236
2023-05-01 $391,200 (11.1%) $460,056 (-1.5%) 0.89 286
2023-06-01 $392,000 (10.7%) $467,159 (3.2%) 0.88 303
2023-07-01 $399,000 (17.5%) $477,342 (11.1%) 0.91 298
2023-08-01 $392,450 (12.1%) $475,571 (9.5%) 0.90 301
2023-09-01 $389,900 (9.1%) $473,591 (8.4%) 0.91 321
2023-10-01 $394,000 (17.8%) $460,899 (10.0%) 0.93 336
2023-11-01 $396,000 (23.8%) $457,696 (17.8%) 0.94 337
2023-12-01 $395,000 (25.4%) $445,946 (16.6%) 0.96 311
2024-01-01 $389,900 (21.9%) $441,125 (14.4%) 0.95 263
2024-02-01 $414,700 (24.6%) $482,590 (20.4%) 1.00 233
2024-03-01 $424,900 (23.3%) $510,369 (25.4%) 1.00 243
2024-04-01 $400,950 (7.7%) $496,911 (14.5%) 0.93 295
2024-05-01 $399,900 (2.2%) $492,582 (7.1%) 0.90 330
BLOOMINGTON's median listing price for 2024-05-01 was $399,900, a difference of $8,700 (2.2%) versus the prior year and $-1,050 versus the prior month.

BLOOMINGTON's median listing price comes in at 90% of the national average.

BLOOMINGTON's average listing price for 2024-05-01 was $492,582, a difference of $32,526 (7.1%) versus the prior year and $-4,329 versus the prior month.

For the 2024-05-01 period, BLOOMINGTON had 330 MLS listings, a difference of 35 listings (12%) versus the prior month and 44 listings (15%) 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 75 days 1,958 sqft
2018-02-01 70 days 2,021 sqft
2018-03-01 55 days 2,104 sqft
2018-04-01 47 days 2,088 sqft
2018-05-01 49 days 2,073 sqft
2018-06-01 50 days 2,113 sqft
2018-07-01 52 days 2,138 sqft
2018-08-01 57 days 2,078 sqft
2018-09-01 65 days 2,034 sqft
2018-10-01 65 days 2,045 sqft
2018-11-01 70 days 2,041 sqft
2018-12-01 78 days 2,032 sqft
2019-01-01 84 days 2,016 sqft
2019-02-01 68 days 2,016 sqft
2019-03-01 57 days 2,105 sqft
2019-04-01 51 days 2,210 sqft
2019-05-01 47 days 2,121 sqft
2019-06-01 51 days 2,106 sqft
2019-07-01 56 days 2,095 sqft
2019-08-01 58 days 2,097 sqft
2019-09-01 56 days 2,052 sqft
2019-10-01 55 days 2,023 sqft
2019-11-01 64 days 1,954 sqft
2019-12-01 83 days 1,970 sqft
2020-01-01 94 days 1,893 sqft
2020-02-01 43 days 1,917 sqft
2020-03-01 48 days 2,064 sqft
2020-04-01 54 days 2,025 sqft
2020-05-01 66 days 2,187 sqft
2020-06-01 62 days 2,170 sqft
2020-07-01 59 days 2,190 sqft
2020-08-01 66 days 2,235 sqft
2020-09-01 63 days 2,181 sqft
2020-10-01 54 days 2,061 sqft
2020-11-01 61 days 2,010 sqft
2020-12-01 71 days 1,909 sqft
2021-01-01 73 days 2,010 sqft
2021-02-01 66 days 2,028 sqft
2021-03-01 51 days 1,956 sqft
2021-04-01 38 days 1,909 sqft
2021-05-01 38 days 1,884 sqft
2021-06-01 29 days 1,839 sqft
2021-07-01 33 days 1,880 sqft
2021-08-01 39 days 1,829 sqft
2021-09-01 38 days 1,871 sqft
2021-10-01 45 days 1,901 sqft
2021-11-01 55 days 1,873 sqft
2021-12-01 60 days 1,890 sqft
2022-01-01 63 days 1,900 sqft
2022-02-01 46 days 1,925 sqft
2022-03-01 38 days 1,920 sqft
2022-04-01 34 days 1,940 sqft
2022-05-01 31 days 1,829 sqft
2022-06-01 32 days 1,888 sqft
2022-07-01 36 days 1,840 sqft
2022-08-01 44 days 1,879 sqft
2022-09-01 47 days 1,951 sqft
2022-10-01 50 days 1,924 sqft
2022-11-01 60 days 1,837 sqft
2022-12-01 74 days 1,798 sqft
2023-01-01 80 days 1,787 sqft
2023-02-01 43 days 1,799 sqft
2023-03-01 42 days 1,832 sqft
2023-04-01 40 days 1,894 sqft
2023-05-01 38 days 1,948 sqft
2023-06-01 44 days 2,017 sqft
2023-07-01 51 days 2,097 sqft
2023-08-01 54 days 2,074 sqft
2023-09-01 47 days 2,046 sqft
2023-10-01 51 days 2,050 sqft
2023-11-01 59 days 2,069 sqft
2023-12-01 72 days 2,052 sqft
2024-01-01 78 days 2,052 sqft
2024-02-01 56 days 2,077 sqft
2024-03-01 40 days 2,107 sqft
2024-04-01 37 days 1,995 sqft
2024-05-01 33 days 1,958 sqft
BLOOMINGTON's median listing age (time on market) for 2024-05-01 was 33 days. This is -14% shorter than the same period one year ago.

BLOOMINGTON's median square footage for active listings during the 2024-05-01 period was 1,958 sqft. One year prior, the average listing was 1,948 sqft.

BLOOMINGTON, IN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,574 $489,430,000 $310,947
Cash Out Refi 497 $70,225,000 $141,298
Home Improvement 275 $30,035,000 $109,218
Refi 265 $245,385,000 $925,981
Other 210 $27,290,000 $129,952

Bloomington's most frequently cited loan purpose was Home Purchase, with 1,574 originations. The 2nd most popular reason was Cash Out Refi, with 497 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 992 $278,680,000 $280,927
7-8% 663 $196,125,000 $295,814
5-6% 406 $195,470,000 $481,453
Over 8% 399 $65,435,000 $163,997
<2.5% 89 $12,415,000 $139,494
4-5% 31 $10,955,000 $353,387
3-4% 12 $930,000 $77,500
2.5-3% 8 $1,480,000 $185,000

During 2023, Bloomington's most frequently originated rate bucket was 6-7%, with 992 originations.

Loan Sizing (BLOOMINGTON, IN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 969 $265,775,000 $274,278
$100k-200k 828 $124,030,000 $149,795
$100,000 or less 712 $39,160,000 $55,000
$400k-600k 193 $90,995,000 $471,477
$600k-1000k 86 $62,330,000 $724,767
$Over $1MM 33 $280,075,000 $8,487,121

BLOOMINGTON's loan sizing saw the bucket of loans from $200k-400k with 969 originations, totaling $265,775,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 880 $252,760,000 $287,227
60-80% 609 $316,915,000 $520,386
Under 20% 394 $24,370,000 $61,853
20-40% 391 $46,575,000 $119,118
40-60% 297 $122,955,000 $413,990
Over 100% 22 $7,950,000 $361,364

BLOOMINGTON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 880 originations, totaling $252,760,000 in origination value.