Bluffton Mortgage Rates

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

    30 Year Fixed Rate mortgages in Bluffton averaged 5.79% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

    The average rate for the prior week (2022-06-23) was 6% and one month ago for the week of 2022-05-26, the average rate was 5.19%.

    Bluffton's average rate one year ago was 3.18%.

    For refis of the same type during the week of 2022-06-30, the average rate was 6.05%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2022-06-30 5.7%
    Bluffton 30 Year Fixed Rate 2022-06-30 5.79%
    Bluffton 30 Year Fixed Rate Refi 2022-06-30 6.05%
    Bluffton 15 Year Fixed Rate 2022-06-30 6.08%
    Bluffton 15 Year Fixed Rate Refi 2022-06-30 5.04%
    Bluffton 30 Year FHA 2022-06-30 6.25%
    Bluffton 30 Year FHA Refi 2022-06-30 5.62%
    Bluffton 30 Year USDA 2022-06-30 5.89%
    Bluffton 30 Year USDA Refi 2022-06-30 5.91%
    Bluffton 30 Year VA 2022-06-30 5.95%
    Bluffton 30 Year VA Refi 2022-06-30 5.53%
    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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    AMERICAN MORTGAGE SERVICE COMPANY 80 3.13% $1,982
    RUOFF MORTGAGE COMPANY, INC. 78 3.20% $1,869
    Three Rivers Federal Credit Union 49 3.40% $2,399
    ProFed Federal Credit Union 35 3.06% $2,133
    First Bank of Berne 27 3.36% $1,982
    QUICKEN LOANS, LLC 23 3.26% $4,329
    First Merchants Bank 18 3.09% $2,316
    GVC MORTGAGE, INC. 9 3.29% $2,544
    Flagstar Bank, FSB 9 3.02% $3,141
    TEACHERS CREDIT UNION 8 3.30% $2,214
    Fifth Third Bank 8 3.15% $2,732
    The Farmers & Merchants State Bank 8 3.29% $2,274
    PNC Bank 7 2.98% $2,077
    1st Source Bank 7 3.46% $2,018
    MIDWEST AMERICA 7 3.34% $2,027
    Wells Fargo Bank 6 3.67% $3,620
    Union Savings Bank 5 3.13% $1,010
    JPMorgan Chase Bank 5 3.23% $1,674
    CROSSCOUNTRY MORTGAGE, LLC 5 3.32% $3,731
    LOANDEPOT.COM, LLC 5 2.85% $5,074
    BROKER SOLUTIONS, INC. 4 3.06% $3,411
    AMERISAVE MORTGAGE CORPORATION 4 3.50% $2,760
    ROYAL UNITED MORTGAGE LLC 4 3.91% $5,943
    Farm Credit Mid-America, ACA 4 3.44% $5,258
    First Federal Savings Bank 3 2.88% $3,316
    SUCCESS MORTGAGE PARTNERS, INC. 3 4.17% $2,811
    HALLMARK HOME MORTGAGE, LLC 3 3.08% $3,089
    CALIBER HOME LOANS, INC. 3 3.24% $2,430
    AmeriHome Mortgage Company, LLC 3 3.25% $3,374
    Mr. Cooper ( Nationstar Mortgage ) 3 3.83% $4,994
    First Farmers Bank and Trust Company 2 3.00% $1,682
    Old National Bank 2 3.25% $2,087
    BETTER MORTGAGE CORPORATION 2 2.88% $3,891
    STAR Financial Bank 2 3.00% $2,574
    AMERICAN FINANCING CORPORATION 2 3.19% $3,149
    UNION HOME MORTGAGE CORP. 2 3.13% $2,349
    PENNYMAC LOAN SERVICES, LLC 2 3.44% $5,545
    POLARIS HOME FUNDING CORP. 2 3.06% $3,235
    THRIVE MORTGAGE, LLC 1 3.25% $3,094
    ACADEMY MORTGAGE CORPORATION 1 3.50% $2,388
    Ally Bank 1 3.88% $1,407
    AMERIFIRST FINANCIAL CORPORATION 1 2.88% $2,536
    Bank of America 1 2.63% $2,903
    BEACON CREDIT UNION 1 3.13% $2,238
    Citibank 1 3.00% $2,583
    Citizens Bank 1 3.63% $2,247
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 3.25% $2,245
    GUARANTEED RATE, INC. 1 2.99% $2,284
    HOME POINT FINANCIAL CORPORATION 1 2.88% $1,572
    KELLER MORTGAGE, LLC 1 3.38% $2,365
    Lake City Bank 1 2.88% $3,333
    LEADERONE FINANCIAL CORPORATION 1 3.25% $2,225
    MID AMERICA MORTGAGE, INC. 1 3.25% $3,144
    MJW Financial LLC 1 4.00% $2,411
    NEWREZ LLC 1 3.88% $2,833
    Northwest Bank 1 3.75% $3,207
    PARTNERS 1ST Federal Credit Union 1 3.00% $2,421
    PLANET HOME LENDING, LLC 1 3.75% $3,671
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.13% $2,357
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.38% $2,752
    PURDUE FEDERAL CREDIT UNION 1 3.00% $3,752
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.25% $4,305
    SIRVA MORTGAGE, INC. 1 3.25% $590
    SPRING EQ, LLC 1 3.50% $3,734
    The Central Trust Bank 1 3.13% $1,991
    The Citizens National Bank of Bluffton 1 3.00% $1,461
    TOWNE MORTGAGE COMPANY 1 3.75% $3,099
    Triumph Bank 1 2.75% $1,653
    U.S. Bank 1 3.38% $2,191
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 3.50% $1,965
    V.I.P. MORTGAGE, INC. 1 3.13% $3,562

    Bluffton, IN's 71 lenders originated 1,298 loans during 2021. The total origination value was $193,000,000, with an average loan value of $148,690.

    The top Bluffton lender as defined by loan originations is AMERICAN MORTGAGE SERVICE COMPANY, with 80 loans originated. Their average total fees are $1,982, which is $112 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Bluffton lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($1,869), First Bank of Berne ($1,982), AMERICAN MORTGAGE SERVICE COMPANY ($1,982), ProFed Federal Credit Union ($2,133) and First Merchants Bank ($2,316).

    The lowest rate Bluffton lenders (with over 10 loans originated) are ProFed Federal Credit Union (3.06%), First Merchants Bank (3.09%), AMERICAN MORTGAGE SERVICE COMPANY (3.13%), RUOFF MORTGAGE COMPANY, INC. (3.20%) and QUICKEN LOANS, LLC (3.26%).

    Bluffton, IN Lender 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
    AMERICAN MORTGAGE SERVICE COMPANY $30,265,000 $26,905,000 -11.1% 13.9%
    RUOFF MORTGAGE COMPANY, INC. $26,460,000 $24,620,000 -7.0% 12.8%
    Three Rivers Federal Credit Union $24,745,000 $24,270,000 -1.9% 12.6%
    First Bank of Berne $17,570,000 $14,675,000 -16.5% 7.6%
    First Merchants Bank $10,550,000 $12,210,000 15.7% 6.3%
    ProFed Federal Credit Union $14,495,000 $10,370,000 -28.5% 5.4%
    QUICKEN LOANS, LLC $9,775,000 $8,315,000 -14.9% 4.3%
    PNC Bank $5,075,000 $5,160,000 1.7% 2.7%
    Flagstar Bank, FSB $2,140,000 $3,970,000 85.5% 2.1%
    FREEDOM MORTGAGE CORPORATION $2,995,000 $3,375,000 12.7% 1.7%
    Fifth Third Bank $4,080,000 $3,020,000 -26.0% 1.6%
    MIDWEST AMERICA $2,325,000 $2,580,000 11.0% 1.3%
    1st Source Bank $2,175,000 $2,545,000 17.0% 1.3%
    GVC MORTGAGE, INC. $855,000 $2,465,000 188.3% 1.3%
    The Farmers & Merchants State Bank $1,975,000 $2,270,000 14.9% 1.2%
    Union Savings Bank $3,080,000 $1,965,000 -36.2% 1.0%
    JPMorgan Chase Bank $1,355,000 $1,890,000 39.5% 1.0%
    LOANDEPOT.COM, LLC $1,130,000 $1,855,000 64.2% 1.0%
    Mortgage Research Center, LLC $1,005,000 $1,680,000 67.2% 0.9%
    TEACHERS CREDIT UNION $1,755,000 $1,585,000 -9.7% 0.8%
    Wells Fargo Bank $645,000 $1,555,000 141.1% 0.8%
    CALIBER HOME LOANS, INC. $1,160,000 $1,505,000 29.7% 0.8%
    Lake City Bank $1,360,000 n/a 0.7%
    CROSSCOUNTRY MORTGAGE, LLC $760,000 $1,265,000 66.4% 0.7%
    AMERISAVE MORTGAGE CORPORATION $1,060,000 n/a 0.5%
    HALLMARK HOME MORTGAGE, LLC $1,675,000 $1,050,000 -37.3% 0.5%
    Farm Credit Mid-America, ACA $2,505,000 $935,000 -62.7% 0.5%
    UNION HOME MORTGAGE CORP. $1,105,000 $935,000 -15.4% 0.5%
    Carrington Mortgage Services, LLC $680,000 $910,000 33.8% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $335,000 $880,000 162.7% 0.5%
    STAR Financial Bank $980,000 $850,000 -13.3% 0.4%
    PENNYMAC LOAN SERVICES, LLC $370,000 $845,000 128.4% 0.4%
    POLARIS HOME FUNDING CORP. $1,005,000 $840,000 -16.4% 0.4%
    First Federal Savings Bank $245,000 $815,000 232.7% 0.4%
    NEWREZ LLC $440,000 $780,000 77.3% 0.4%
    PARTNERS 1ST Federal Credit Union $610,000 $770,000 26.2% 0.4%
    BROKER SOLUTIONS, INC. $265,000 $705,000 166.0% 0.4%
    Citizens State Bank of New Castle $275,000 $700,000 154.5% 0.4%
    PENTAGON FEDERAL CREDIT UNION $615,000 n/a 0.3%
    BETTER MORTGAGE CORPORATION $610,000 n/a 0.3%
    First Farmers Bank and Trust Company $1,460,000 $565,000 -61.3% 0.3%
    AmeriHome Mortgage Company, LLC $315,000 $515,000 63.5% 0.3%
    Old National Bank $530,000 $495,000 -6.6% 0.3%
    HOME POINT FINANCIAL CORPORATION $955,000 $480,000 -49.7% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $480,000 n/a 0.2%
    V.I.P. MORTGAGE, INC. $370,000 $470,000 27.0% 0.2%
    NEW DAY FINANCIAL, LLC $260,000 $465,000 78.8% 0.2%
    USAA Federal Savings Bank $785,000 $460,000 -41.4% 0.2%
    SUCCESS MORTGAGE PARTNERS, INC. $475,000 $445,000 -6.3% 0.2%
    AMERICAN FINANCING CORPORATION $85,000 $430,000 405.9% 0.2%
    ACADEMY MORTGAGE CORPORATION $730,000 $425,000 -41.8% 0.2%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $430,000 $420,000 -2.3% 0.2%
    Fire Police City County Federal Credit Union $650,000 $400,000 -38.5% 0.2%
    Ixonia Bank $400,000 n/a 0.2%
    BEACON CREDIT UNION $370,000 n/a 0.2%
    NAVY FEDERAL CREDIT UNION $365,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $360,000 n/a 0.2%
    MID AMERICA MORTGAGE, INC. $350,000 n/a 0.2%
    Low VA Rates, LLC $340,000 n/a 0.2%
    CHURCHILL MORTGAGE CORPORATION $300,000 $335,000 11.7% 0.2%
    North American Savings Bank, F.S.B. $335,000 n/a 0.2%
    AMERIFIRST FINANCIAL CORPORATION $330,000 n/a 0.2%
    First Guaranty Mortgage Corporation $320,000 n/a 0.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $90,000 $320,000 255.6% 0.2%
    KEMBA CREDIT UNION, INC. $75,000 $315,000 320.0% 0.2%
    SIRVA MORTGAGE, INC. $305,000 n/a 0.2%
    Horizon Bank $105,000 $290,000 176.2% 0.2%
    VILLAGE CAPITAL & INVESTMENT LLC $465,000 $280,000 -39.8% 0.1%
    Triumph Bank $265,000 $265,000 0.0% 0.1%
    Northwest Bank $260,000 n/a 0.1%
    First Federal Savings Bank $245,000 $255,000 4.1% 0.1%
    ENDEAVOR CAPITAL, LLC. $235,000 n/a 0.1%
    Bank of America $225,000 n/a 0.1%
    FINANCE OF AMERICA MORTGAGE LLC $225,000 n/a 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $225,000 n/a 0.1%
    The Citizens National Bank of Bluffton $225,000 n/a 0.1%
    Bath State Bank $215,000 n/a 0.1%
    PHH Mortgage Corporation $205,000 n/a 0.1%
    The Central Trust Bank $205,000 n/a 0.1%
    The Federal Savings Bank $315,000 $205,000 -34.9% 0.1%
    First Bank Richmond $195,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $150,000 $185,000 23.3% 0.1%
    KELLER MORTGAGE, LLC $305,000 $175,000 -42.6% 0.1%
    NBKC BANK $175,000 n/a 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $175,000 n/a 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $135,000 $165,000 22.2% 0.1%
    Citibank $165,000 n/a 0.1%
    BAY EQUITY LLC $155,000 n/a 0.1%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $330,000 $155,000 -53.0% 0.1%
    First Federal Bank of the Midwest $445,000 $155,000 -65.2% 0.1%
    PLANET HOME LENDING, LLC $155,000 n/a 0.1%
    ROUNDPOINT MORTGAGE SERVICING CORPORATION $75,000 $155,000 106.7% 0.1%
    U.S. Bank $170,000 $150,000 -11.8% 0.1%
    Barrington Bank & Trust Company, N.A. $770,000 $145,000 -81.2% 0.1%
    Hometown Lenders, Inc. $145,000 n/a 0.1%
    PURDUE FEDERAL CREDIT UNION $75,000 $145,000 93.3% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $615,000 $140,000 -77.2% 0.1%
    SPRING EQ, LLC $135,000 n/a 0.1%
    VAN DYK MORTGAGE CORPORATION $575,000 $135,000 -76.5% 0.1%
    GUARANTEED RATE, INC. $1,940,000 $125,000 -93.6% 0.1%
    LEADERONE FINANCIAL CORPORATION $125,000 n/a 0.1%
    The Garrett State Bank $25,000 $125,000 400.0% 0.1%
    Ally Bank $115,000 n/a 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $115,000 n/a 0.1%
    Citizens Bank $145,000 $105,000 -27.6% 0.1%
    THRIVE MORTGAGE, LLC $105,000 n/a 0.1%
    FORT FINANCIAL Federal Credit Union $960,000 $100,000 -89.6% 0.1%
    INTERRA CREDIT UNION $95,000 n/a 0.0%
    MJW Financial LLC $95,000 n/a 0.0%
    TOWNE MORTGAGE COMPANY $105,000 $95,000 -9.5% 0.0%
    INOVA FEDERAL CREDIT UNION $75,000 n/a 0.0%
    First Financial Bank $55,000 n/a 0.0%
    INDIANA MEMBERS CREDIT UNION $225,000 $55,000 -75.6% 0.0%
    WRIGHT-PATT CREDIT UNION, INC. $55,000 n/a 0.0%
    STAR USA FEDERAL CREDIT UNION $35,000 n/a 0.0%

    Bluffton's top lender by overall market share is AMERICAN MORTGAGE SERVICE COMPANY, with 13.9% market share. In second place, with 12.8%, is RUOFF MORTGAGE COMPANY, INC., having originated $24,620,000 in loans. In third place, with 12.6%, is Three Rivers Federal Credit Union, having originated $24,270,000 in loans. In third place, with 7.6%, is First Bank of Berne, having originated $14,675,000 in loans. In third place, with 6.3%, is First Merchants Bank, having originated $12,210,000 in loans.

    Bluffton, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 437 $76,845,000 $175,847
    Refi 389 $55,765,000 $143,355
    Cash Out Refi 331 $48,015,000 $145,060
    Home Improvement 78 $6,580,000 $84,359
    Other 63 $5,795,000 $91,984

    Bluffton's most frequently cited loan purpose was Home Purchase, with 437 originations. The 2nd most popular reason was Refi, with 389 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 539 $85,245,000 $158,154
    2.5-3% 409 $65,635,000 $160,477
    <2.5% 227 $30,165,000 $132,885
    4-5% 72 $8,960,000 $124,444
    5-6% 20 $960,000 $48,000
    Over 8% 14 $460,000 $32,857
    7-8% 4 $140,000 $35,000
    6-7% 2 $80,000 $40,000

    During 2021, Bluffton's most frequently originated rate bucket was 3-4%, with 539 originations.

    Loan Sizing (Bluffton, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 640 $91,070,000 $142,297
    $100,000 or less 388 $25,400,000 $65,464
    $200k-400k 244 $63,410,000 $259,877
    $400k-600k 23 $10,645,000 $462,826
    $600k-1000k 2 $1,260,000 $630,000
    $Over $1MM 1 $1,215,000 $1,215,000

    Bluffton's loan sizing saw the bucket of loans from $100k-200k with 640 originations, totaling $91,070,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 426 $72,620,000 $170,469
    60-80% 380 $63,950,000 $168,289
    40-60% 192 $23,560,000 $122,708
    20-40% 99 $8,285,000 $83,687
    Under 20% 53 $1,775,000 $33,491
    Over 100% 3 $655,000 $218,333

    Bluffton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 426 originations, totaling $72,620,000 in origination value.