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 6.88% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

The average rate for the prior week (2023-03-16) was 7.06% and one month ago for the week of 2023-02-16, the average rate was 6.58%.

Bluffton's average rate one year ago was 4.12%.

For refis of the same type during the week of 2023-03-23, the average rate was 7%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-03-23 6.42%
Bluffton 30 Year Fixed Rate 2023-03-23 6.88%
Bluffton 30 Year Fixed Rate Refi 2023-03-23 7%
Bluffton 15 Year Fixed Rate 2023-03-23 7.66%
Bluffton 15 Year Fixed Rate Refi 2023-03-23 6.18%
Bluffton 30 Year FHA 2023-03-23 6.38%
Bluffton 30 Year FHA Refi 2023-03-23 6.17%
Bluffton 30 Year USDA 2023-03-23 6.19%
Bluffton 30 Year USDA Refi 2023-03-23 6.11%
Bluffton 30 Year VA 2023-03-23 6.42%
Bluffton 30 Year VA Refi 2023-03-23 6.16%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
RUOFF MORTGAGE COMPANY, INC. 64 4.85% $2,385
AMERICAN MORTGAGE SERVICE COMPANY 47 5.35% $2,613
Three Rivers Federal Credit Union 37 4.82% $2,418
ProFed Federal Credit Union 25 4.76% $2,246
First Bank of Berne 19 4.76% $1,860
First Merchants Bank 14 4.86% $2,568
TEACHERS CREDIT UNION 14 6.81% $2,312
QUICKEN LOANS, LLC 13 4.54% $6,019
The Farmers & Merchants State Bank 11 4.19% $2,742
THRIVE MORTGAGE, LLC 8 6.45% $2,606
JPMorgan Chase Bank 6 5.08% $1,608
Union Savings Bank 6 4.21% $855
GVC MORTGAGE, INC. 6 5.44% $3,777
MIDWEST AMERICA 5 5.05% $2,253
Flagstar Bank, FSB 4 6.14% $2,889
PNC Bank 4 4.00% $2,993
CROSSCOUNTRY MORTGAGE, LLC 3 5.63% $2,709
1st Source Bank 3 4.83% $2,165
First Federal Savings Bank 3 5.88% $3,224
HALLMARK HOME MORTGAGE, LLC 3 5.25% $2,978
PARTNERS 1ST Federal Credit Union 2 5.44% $3,145
Discover Bank 2 5.24% $0
FORUM Credit Union 2 4.38% $3,332
GUARANTEED RATE, INC. 2 4.81% $4,567
LOANDEPOT.COM, LLC 2 4.12% $4,808
Nations Lending Corporation 2 5.19% $1,205
First Internet Bank of Indiana 1 6.00% $2,321
First Financial Bank 1 5.38% $1,105
First Farmers Bank and Trust Company 1 7.25% $2,493
Lend Smart Mortgage, LLC 1 5.38% $3,855
AMERISAVE MORTGAGE CORPORATION 1 3.99% $8,204
Merchants Bank of Indiana 1 6.63% $1,841
Farm Credit Mid-America, ACA 1 3.35% $10,856
Mr. Cooper ( Nationstar Mortgage ) 1 5.49% $6,117
UNITED WHOLESALE MORTGAGE, LLC 1 7.50% $4,924
EVANSVILLE TEACHERS 1 7.00% $2,087
ENDEAVOR CAPITAL, LLC. 1 3.75% $5,054
EMM LOANS LLC 1 4.38% $10,502
Dollar Bank, Federal Savings Bank 1 5.38% $3,663
Raymond James Bank 1 4.00% $867
Regions Bank 1 6.13% $2,636
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 3.63% $2,373
DHI MORTGAGE COMPANY, LTD. 1 4.99% $1,216
Citizens Bank 1 5.88% $3,001
FORT FINANCIAL Federal Credit Union 1 6.38% $2,666
BROKER SOLUTIONS, INC. 1 5.75% $3,074
FREEDOM MORTGAGE CORPORATION 1 3.38% $2,764
BETTER MORTGAGE CORPORATION 1 3.38% $5,213

Bluffton Average Closing Costs & Other Stats

Bluffton, IN's 48 lenders originated 919 loans during 2022. The total origination value was $129,225,000, with an average loan value of $140,615.

Bluffton's average closing costs are $2,950.

The top Bluffton lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 64 loans originated. Their average total fees are $2,385, which is $228 lower than the next largest lender, AMERICAN MORTGAGE SERVICE COMPANY.

The lowest fee Bluffton lenders (with over 10 loans originated) are First Bank of Berne ($1,860), ProFed Federal Credit Union ($2,246), TEACHERS CREDIT UNION ($2,312), RUOFF MORTGAGE COMPANY, INC. ($2,385) and Three Rivers Federal Credit Union ($2,418).

The lowest rate Bluffton lenders (with over 10 loans originated) are The Farmers & Merchants State Bank (4.19%), QUICKEN LOANS, LLC (4.54%), First Bank of Berne (4.76%), ProFed Federal Credit Union (4.76%) and Three Rivers Federal Credit Union (4.82%).

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Three Rivers Federal Credit Union $24,270,000 $17,275,000 -28.8% 13.4%
RUOFF MORTGAGE COMPANY, INC. $24,620,000 $15,630,000 -36.5% 12.1%
AMERICAN MORTGAGE SERVICE COMPANY $26,905,000 $10,315,000 -61.7% 8.0%
First Bank of Berne $14,675,000 $8,320,000 -43.3% 6.4%
ProFed Federal Credit Union $10,370,000 $7,945,000 -23.4% 6.1%
First Merchants Bank $12,210,000 $7,780,000 -36.3% 6.0%
The Farmers & Merchants State Bank $2,270,000 $5,155,000 127.1% 4.0%
QUICKEN LOANS, LLC $8,315,000 $4,570,000 -45.0% 3.5%
MIDWEST AMERICA $2,580,000 $4,490,000 74.0% 3.5%
PNC Bank $5,160,000 $3,825,000 -25.9% 3.0%
TEACHERS CREDIT UNION $1,585,000 $3,140,000 98.1% 2.4%
1st Source Bank $2,545,000 $2,260,000 -11.2% 1.7%
Mortgage Research Center, LLC $1,680,000 $2,100,000 25.0% 1.6%
Union Savings Bank $1,965,000 $2,000,000 1.8% 1.5%
Flagstar Bank, FSB $3,970,000 $1,940,000 -51.1% 1.5%
GVC MORTGAGE, INC. $2,465,000 $1,765,000 -28.4% 1.4%
JPMorgan Chase Bank $1,890,000 $1,460,000 -22.8% 1.1%
HALLMARK HOME MORTGAGE, LLC $1,050,000 $1,430,000 36.2% 1.1%
THRIVE MORTGAGE, LLC $105,000 $1,255,000 1,095.2% 1.0%
CROSSCOUNTRY MORTGAGE, LLC $1,265,000 $890,000 -29.6% 0.7%
BROKER SOLUTIONS, INC. $705,000 $880,000 24.8% 0.7%
Fifth Third Bank $3,020,000 $830,000 -72.5% 0.6%
TRIAD FINANCIAL SERVICES, INC. $140,000 $830,000 492.9% 0.6%
Farm Credit Mid-America, ACA $935,000 $810,000 -13.4% 0.6%
First Federal Savings Bank $255,000 $790,000 209.8% 0.6%
V.I.P. MORTGAGE, INC. $470,000 $760,000 61.7% 0.6%
LOANDEPOT.COM, LLC $1,855,000 $745,000 -59.8% 0.6%
PENNYMAC LOAN SERVICES, LLC $845,000 $715,000 -15.4% 0.6%
Dollar Bank, Federal Savings Bank $705,000 n/a 0.5%
NEWREZ LLC $780,000 $700,000 -10.3% 0.5%
POLARIS HOME FUNDING CORP. $840,000 $640,000 -23.8% 0.5%
Carrington Mortgage Services, LLC $910,000 $605,000 -33.5% 0.5%
FREEDOM MORTGAGE CORPORATION $3,375,000 $590,000 -82.5% 0.5%
USAA Federal Savings Bank $460,000 $580,000 26.1% 0.4%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $155,000 $560,000 261.3% 0.4%
GSF Mortgage Corporation $525,000 n/a 0.4%
Nations Lending Corporation $525,000 n/a 0.4%
FORUM Credit Union $520,000 n/a 0.4%
NEW DAY FINANCIAL, LLC $465,000 $520,000 11.8% 0.4%
Regions Bank $515,000 n/a 0.4%
ENDEAVOR CAPITAL, LLC. $235,000 $500,000 112.8% 0.4%
ACADEMY MORTGAGE CORPORATION $425,000 $485,000 14.1% 0.4%
EVERETT FINANCIAL, INC. $390,000 n/a 0.3%
Wells Fargo Bank $1,555,000 $380,000 -75.6% 0.3%
GUARANTEED RATE, INC. $125,000 $370,000 196.0% 0.3%
VAN DYK MORTGAGE CORPORATION $135,000 $360,000 166.7% 0.3%
STAR Financial Bank $850,000 $350,000 -58.8% 0.3%
First Farmers Bank and Trust Company $565,000 $335,000 -40.7% 0.3%
First Internet Bank of Indiana $335,000 n/a 0.3%
EMBRACE HOME LOANS, INC. $320,000 n/a 0.2%
Discover Bank $315,000 n/a 0.2%
First Financial Bank $55,000 $315,000 472.7% 0.2%
Truist $310,000 n/a 0.2%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $420,000 $300,000 -28.6% 0.2%
DHI MORTGAGE COMPANY, LTD. $280,000 n/a 0.2%
LAKEVIEW LOAN SERVICING, LLC $480,000 $270,000 -43.8% 0.2%
PARTNERS 1ST Federal Credit Union $770,000 $270,000 -64.9% 0.2%
AMERICAN FINANCING CORPORATION $430,000 $260,000 -39.5% 0.2%
Citizens State Bank of New Castle $700,000 $245,000 -65.0% 0.2%
FORT FINANCIAL Federal Credit Union $100,000 $230,000 130.0% 0.2%
AMERISAVE MORTGAGE CORPORATION $1,060,000 $225,000 -78.8% 0.2%
BETTER MORTGAGE CORPORATION $610,000 $225,000 -63.1% 0.2%
CALIBER HOME LOANS, INC. $1,505,000 $220,000 -85.4% 0.2%
Lake City Bank $1,360,000 $205,000 -84.9% 0.2%
Citizens Bank $105,000 $200,000 90.5% 0.2%
Merchants Bank of Indiana $195,000 n/a 0.2%
Northwest Bank $260,000 $195,000 -25.0% 0.2%
Mr. Cooper ( Nationstar Mortgage ) $880,000 $190,000 -78.4% 0.1%
EMM LOANS LLC $185,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $515,000 $175,000 -66.0% 0.1%
EVANSVILLE TEACHERS $175,000 n/a 0.1%
UNION HOME MORTGAGE CORP. $935,000 $175,000 -81.3% 0.1%
Waterstone Mortgage Corporation $175,000 n/a 0.1%
Lend Smart Mortgage, LLC $165,000 n/a 0.1%
MICHIGAN MUTUAL, INC. $165,000 n/a 0.1%
UNITED WHOLESALE MORTGAGE, LLC $160,000 n/a 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $155,000 n/a 0.1%
Mid-Continent Funding, Inc. $155,000 n/a 0.1%
NAVY FEDERAL CREDIT UNION $365,000 $155,000 -57.5% 0.1%
Peoples Bank $155,000 n/a 0.1%
First Guaranty Mortgage Corporation $320,000 $145,000 -54.7% 0.1%
Citibank $165,000 $140,000 -15.2% 0.1%
Barrington Bank & Trust Company, N.A. $145,000 $135,000 -6.9% 0.1%
BAY EQUITY LLC $155,000 $135,000 -12.9% 0.1%
Northpointe Bank $135,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $280,000 $135,000 -51.8% 0.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $320,000 $130,000 -59.4% 0.1%
Bankers' Bank $125,000 n/a 0.1%
MID AMERICA MORTGAGE, INC. $350,000 $115,000 -67.1% 0.1%
PENTAGON FEDERAL CREDIT UNION $615,000 $115,000 -81.3% 0.1%
Horizon Bank $290,000 $105,000 -63.8% 0.1%
First Federal Savings Bank $255,000 $85,000 -66.7% 0.1%
First State Bank $85,000 n/a 0.1%
PROPER RATE, LLC $85,000 n/a 0.1%
Raymond James Bank $85,000 n/a 0.1%
The Huntington National Bank $75,000 n/a 0.1%
U.S. Bank $150,000 $70,000 -53.3% 0.1%
SPRING EQ, LLC $135,000 $65,000 -51.9% 0.1%
NUMARK CREDIT UNION $35,000 n/a 0.0%
Old National Bank $495,000 $25,000 -94.9% 0.0%
STAR USA FEDERAL CREDIT UNION $35,000 $25,000 -28.6% 0.0%
21ST MORTGAGE CORPORATION $185,000 $15,000 -91.9% 0.0%

Bluffton's top lender by overall market share is Three Rivers Federal Credit Union, with 13.4% market share. In second place, with 12.1%, is RUOFF MORTGAGE COMPANY, INC., having originated $15,630,000 in loans. In third place, with 8.0%, is AMERICAN MORTGAGE SERVICE COMPANY, having originated $10,315,000 in loans. In fourth place, with 6.4%, is First Bank of Berne, having originated $8,320,000 in loans. In fifth place, with 6.1%, is ProFed Federal Credit Union, having originated $7,945,000 in loans.

Bluffton, IN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 402 $70,100,000 $174,378
Cash Out Refi 165 $23,145,000 $140,273
Other 146 $10,980,000 $75,205
Refi 117 $18,205,000 $155,598
Home Improvement 89 $6,795,000 $76,348

Bluffton's most frequently cited loan purpose was Home Purchase, with 402 originations. The 2nd most popular reason was Cash Out Refi, with 165 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 215 $30,095,000 $139,977
3-4% 212 $32,060,000 $151,226
4-5% 181 $30,225,000 $166,989
6-7% 131 $17,815,000 $135,992
7-8% 73 $7,515,000 $102,945
<2.5% 48 $5,590,000 $116,458
2.5-3% 32 $4,470,000 $139,688
Over 8% 26 $1,210,000 $46,538

During 2022, Bluffton's most frequently originated rate bucket was 5-6%, with 215 originations.

Loan Sizing (Bluffton, IN MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 380 $21,840,000 $57,474
$100k-200k 362 $51,590,000 $142,514
$200k-400k 148 $39,370,000 $266,014
$400k-600k 24 $11,440,000 $476,667
$600k-1000k 3 $2,285,000 $761,667
$Over $1MM 2 $2,700,000 $1,350,000

Bluffton's loan sizing saw the bucket of loans from $100,000 or less with 380 originations, totaling $21,840,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 269 $50,695,000 $188,457
60-80% 206 $37,200,000 $180,583
20-40% 145 $11,165,000 $77,000
Under 20% 105 $3,855,000 $36,714
40-60% 103 $13,035,000 $126,553
Over 100% 5 $1,635,000 $327,000

Bluffton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 269 originations, totaling $50,695,000 in origination value.