Bluffton Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Bluffton averaged 7.04% for the week of 2024-06-13, compared to the national average of 6.95% for the same period.

The average rate for the prior week (2024-06-06) was 7.18% and one month ago for the week of 2024-05-09, the average rate was 7.28%.

Bluffton's average rate one year ago was 6.8%.

For refis of the same type during the week of 2024-06-13, the average rate was 7.55%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-13 6.95%
Bluffton 30 Year Fixed Rate 2024-06-13 7.04%
Bluffton 30 Year Fixed Rate Refi 2024-06-13 7.55%
Bluffton 15 Year Fixed Rate 2024-06-13 6.07%
Bluffton 15 Year Fixed Rate Refi 2024-06-13 6.77%
Bluffton 30 Year FHA 2024-06-13 6.81%
Bluffton 30 Year FHA Refi 2024-06-13 6.91%
Bluffton 30 Year USDA 2024-06-13 6.61%
Bluffton 30 Year USDA Refi 2024-06-13 6.61%
Bluffton 30 Year VA 2024-06-13 6.42%
Bluffton 30 Year VA Refi 2024-06-13 6.52%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Bluffton, IN.

Bluffton 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 Bluffton, 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. 34 7.02% $2,221
THRIVE MORTGAGE, LLC 32 6.93% $2,823
Three Rivers Federal Credit Union 25 6.77% $2,545
ProFed Federal Credit Union 12 6.55% $2,389
The Farmers & Merchants State Bank 9 6.45% $3,381
QUICKEN LOANS, LLC 7 6.57% $6,789
DHI MORTGAGE COMPANY, LTD. 6 5.73% $1,384
First Merchants Bank 5 7.10% $2,937
Fifth Third Bank 5 7.20% $2,656
JPMorgan Chase Bank 4 6.81% $2,183
PNC Bank 4 6.69% $3,057
Farm Credit Mid-America, ACA 3 6.96% $4,093
Flagstar Bank, FSB 3 6.55% $3,709
NEWREZ LLC 3 7.12% $4,166
LOANDEPOT.COM, LLC 3 7.29% $6,442
GVC MORTGAGE, INC. 3 7.42% $4,518
TEACHERS CREDIT UNION 3 7.33% $2,447
Union Savings Bank 3 5.83% $1,949
1st Source Bank 2 6.88% $4,142
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 6.81% $4,633
First Farmers Bank and Trust Company 2 7.25% $1,750
HALLMARK HOME MORTGAGE, LLC 2 7.44% $3,902
MIDWEST AMERICA 2 6.81% $2,248
Horizon Bank 1 7.25% $2,339
INDIANA UNIVERSITY CREDIT UNION 1 5.63% $1,709
FORT FINANCIAL Federal Credit Union 1 8.13% $2,847
First Financial Bank 1 6.75% $2,526
MICHIGAN MUTUAL, INC. 1 7.13% $2,996
Wells Fargo Bank 1 6.38% $2,809
NAVY FEDERAL CREDIT UNION 1 6.63% $875
NBKC BANK 1 8.13% $5,350
First Federal Savings Bank 1 7.25% $1,661
Northpointe Bank 1 8.00% $15,161
Northwest Bank 1 7.50% $3,788
Paramount Residential Mortgage Group, Inc. 1 7.50% $4,574
PENNYMAC LOAN SERVICES, LLC 1 5.88% $2,944
Fire Police City County Federal Credit Union 1 7.63% $2,470
Citizens State Bank of New Castle 1 9.88% $2,052
CHURCHILL MORTGAGE CORPORATION 1 6.75% $3,190
Regions Bank 1 7.38% $3,679
Carrington Mortgage Services, LLC 1 7.50% $3,772
STAR Financial Bank 1 6.00% $2,757
STOCKTON MORTGAGE CORPORATION 1 6.75% $3,920
CALIBER HOME LOANS, INC. 1 6.99% $3,238
BROKER SOLUTIONS, INC. 1 7.38% $6,346
The Huntington National Bank 1 7.88% $3,178
Bank of America 1 7.13% $4,086
AMERISAVE MORTGAGE CORPORATION 1 6.75% $3,887
UNION HOME MORTGAGE CORP. 1 7.75% $3,551
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.88% $4,990
U.S. Bank 1 6.99% $1,759
FREEDOM MORTGAGE CORPORATION 1 6.50% $6,545
V.I.P. MORTGAGE, INC. 1 7.63% $4,073

Bluffton Average Closing Costs & Other Stats

Bluffton, IN's 53 lenders originated 661 loans during 2023. The total origination value was $110,675,000, with an average loan value of $167,436.

Bluffton's average closing costs are $3,083.

The top Bluffton lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 34 loans originated. Their average total fees are $2,221, which is $602 lower than the next largest lender, THRIVE MORTGAGE, LLC.

The lowest fee Bluffton lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($2,221), ProFed Federal Credit Union ($2,389), Three Rivers Federal Credit Union ($2,545), THRIVE MORTGAGE, LLC ($2,823) and .

The lowest rate Bluffton lenders (with over 10 loans originated) are ProFed Federal Credit Union (6.55%), Three Rivers Federal Credit Union (6.77%), THRIVE MORTGAGE, LLC (6.93%), RUOFF MORTGAGE COMPANY, INC. (7.02%) and .

Bluffton, 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
Barings Multifamily Capital $19,115,000 n/a 17.3%
RUOFF MORTGAGE COMPANY, INC. $15,630,000 $10,965,000 -29.8% 9.9%
Three Rivers Federal Credit Union $17,275,000 $10,605,000 -38.6% 9.6%
THRIVE MORTGAGE, LLC $1,255,000 $7,890,000 528.7% 7.1%
First Merchants Bank $7,780,000 $6,930,000 -10.9% 6.3%
ProFed Federal Credit Union $7,945,000 $5,825,000 -26.7% 5.3%
QUICKEN LOANS, LLC $4,570,000 $4,075,000 -10.8% 3.7%
The Farmers & Merchants State Bank $5,155,000 $3,350,000 -35.0% 3.0%
DHI MORTGAGE COMPANY, LTD. $280,000 $3,015,000 976.8% 2.7%
First Bank of Berne $8,320,000 $2,940,000 -64.7% 2.7%
PNC Bank $3,825,000 $2,390,000 -37.5% 2.2%
TRIAD FINANCIAL SERVICES, INC. $830,000 $1,400,000 68.7% 1.3%
Fifth Third Bank $830,000 $1,395,000 68.1% 1.3%
Mortgage Research Center, LLC $2,100,000 $1,275,000 -39.3% 1.2%
The Federal Savings Bank $1,255,000 n/a 1.1%
NEWREZ LLC $700,000 $1,190,000 70.0% 1.1%
MIDWEST AMERICA $4,490,000 $1,175,000 -73.8% 1.1%
JPMorgan Chase Bank $1,460,000 $1,165,000 -20.2% 1.1%
1st Source Bank $2,260,000 $1,110,000 -50.9% 1.0%
Flagstar Bank, FSB $1,940,000 $1,085,000 -44.1% 1.0%
LOANDEPOT.COM, LLC $745,000 $1,010,000 35.6% 0.9%
AMERISAVE MORTGAGE CORPORATION $225,000 $940,000 317.8% 0.8%
First Farmers Bank and Trust Company $335,000 $920,000 174.6% 0.8%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $300,000 $905,000 201.7% 0.8%
TEACHERS CREDIT UNION $3,140,000 $890,000 -71.7% 0.8%
Nations Lending Corporation $525,000 $835,000 59.0% 0.8%
FREEDOM MORTGAGE CORPORATION $590,000 $780,000 32.2% 0.7%
UNION HOME MORTGAGE CORP. $175,000 $690,000 294.3% 0.6%
GVC MORTGAGE, INC. $1,765,000 $665,000 -62.3% 0.6%
Horizon Bank $105,000 $665,000 533.3% 0.6%
Union Savings Bank $2,000,000 $645,000 -67.8% 0.6%
STOCKTON MORTGAGE CORPORATION $575,000 n/a 0.5%
PARTNERS 1ST Federal Credit Union $270,000 $565,000 109.3% 0.5%
PURDUE FEDERAL CREDIT UNION $525,000 n/a 0.5%
HALLMARK HOME MORTGAGE, LLC $1,430,000 $510,000 -64.3% 0.5%
USAA Federal Savings Bank $580,000 $495,000 -14.7% 0.4%
First Federal Savings Bank $85,000 $485,000 470.6% 0.4%
Farm Credit Mid-America, ACA $810,000 $460,000 -43.2% 0.4%
BROKER SOLUTIONS, INC. $880,000 $445,000 -49.4% 0.4%
Northpointe Bank $135,000 $425,000 214.8% 0.4%
V.I.P. MORTGAGE, INC. $760,000 $420,000 -44.7% 0.4%
Northwest Bank $195,000 $415,000 112.8% 0.4%
Wells Fargo Bank $380,000 $390,000 2.6% 0.4%
Lake City Bank $205,000 $380,000 85.4% 0.3%
STAR Financial Bank $350,000 $375,000 7.1% 0.3%
VAN DYK MORTGAGE CORPORATION $360,000 $365,000 1.4% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $890,000 $350,000 -60.7% 0.3%
Discover Bank $315,000 $320,000 1.6% 0.3%
ROYAL UNITED MORTGAGE LLC $315,000 n/a 0.3%
NAVY FEDERAL CREDIT UNION $155,000 $310,000 100.0% 0.3%
Bank of America $305,000 n/a 0.3%
INDIANA UNIVERSITY CREDIT UNION $305,000 n/a 0.3%
21ST MORTGAGE CORPORATION $15,000 $265,000 1,666.7% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $255,000 n/a 0.2%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $225,000 n/a 0.2%
U.S. Bank $70,000 $225,000 221.4% 0.2%
BEACON CREDIT UNION $220,000 n/a 0.2%
PENNYMAC LOAN SERVICES, LLC $715,000 $220,000 -69.2% 0.2%
MICHIGAN MUTUAL, INC. $165,000 $215,000 30.3% 0.2%
The Huntington National Bank $75,000 $215,000 186.7% 0.2%
First Financial Bank $315,000 $205,000 -34.9% 0.2%
LAKEVIEW LOAN SERVICING, LLC $270,000 $205,000 -24.1% 0.2%
FORT FINANCIAL Federal Credit Union $230,000 $195,000 -15.2% 0.2%
CALIBER HOME LOANS, INC. $220,000 $175,000 -20.5% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $175,000 n/a 0.2%
LOANPAL, LLC $165,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $145,000 n/a 0.1%
Citizens State Bank of New Castle $245,000 $140,000 -42.9% 0.1%
Fire Police City County Federal Credit Union $135,000 n/a 0.1%
NBKC BANK $135,000 n/a 0.1%
Prosperity Home Mortgage, LLC $135,000 n/a 0.1%
TOWNE MORTGAGE COMPANY $125,000 n/a 0.1%
UNITED WHOLESALE MORTGAGE, LLC $160,000 $125,000 -21.9% 0.1%
The Garrett State Bank $120,000 n/a 0.1%
CARDINAL FINANCIAL $560,000 $105,000 -81.3% 0.1%
WRIGHT-PATT CREDIT UNION, INC. $105,000 n/a 0.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $130,000 $95,000 -26.9% 0.1%
AMERICAN FINANCING CORPORATION $260,000 $75,000 -71.2% 0.1%
Paramount Residential Mortgage Group, Inc. $75,000 n/a 0.1%
Carrington Mortgage Services, LLC $605,000 $65,000 -89.3% 0.1%
Regions Bank $515,000 $55,000 -89.3% 0.0%
First Financial Bank $315,000 $25,000 -92.1% 0.0%
KEMBA CREDIT UNION, INC. $15,000 n/a 0.0%

Bluffton's top lender by overall market share is Barings Multifamily Capital, with 17.3% market share. In second place, with 9.9%, is RUOFF MORTGAGE COMPANY, INC., having originated $10,965,000 in loans. In third place, with 9.6%, is Three Rivers Federal Credit Union, having originated $10,605,000 in loans. In fourth place, with 7.1%, is THRIVE MORTGAGE, LLC, having originated $7,890,000 in loans. In fifth place, with 6.3%, is First Merchants Bank, having originated $6,930,000 in loans.

Bluffton, IN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 323 $78,345,000 $242,554
Other 110 $7,850,000 $71,364
Cash Out Refi 89 $12,065,000 $135,562
Home Improvement 80 $5,750,000 $71,875
Refi 59 $6,665,000 $112,966

Bluffton's most frequently cited loan purpose was Home Purchase, with 323 originations. The 2nd most popular reason was Other, with 110 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
7-8% 199 $28,505,000 $143,241
6-7% 193 $33,645,000 $174,326
Over 8% 165 $12,085,000 $73,242
5-6% 71 $31,775,000 $447,535
4-5% 6 $1,440,000 $240,000
<2.5% 3 $135,000 $45,000
3-4% 1 $25,000 $25,000

During 2023, Bluffton's most frequently originated rate bucket was 7-8%, with 199 originations.

Loan Sizing (Bluffton, IN MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 284 $14,370,000 $50,599
$100k-200k 227 $31,525,000 $138,877
$200k-400k 123 $32,125,000 $261,179
$400k-600k 24 $11,610,000 $483,750
$Over $1MM 2 $20,370,000 $10,185,000
$600k-1000k 1 $675,000 $675,000

Bluffton's loan sizing saw the bucket of loans from $100,000 or less with 284 originations, totaling $14,370,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 216 $46,060,000 $213,241
20-40% 116 $9,400,000 $81,034
60-80% 104 $36,490,000 $350,865
Under 20% 86 $3,190,000 $37,093
40-60% 77 $9,455,000 $122,792
Over 100% 6 $1,850,000 $308,333

Bluffton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 216 originations, totaling $46,060,000 in origination value.