Bluffton Mortgage Rates
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% |
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.).
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.