Bluffton Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Bluffton averaged 7.24% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

    The average rate for the prior week (2023-09-07) was 6.78% and one month ago for the week of 2023-08-10, the average rate was 6.82%.

    Bluffton's average rate one year ago was 5.75%.

    For refis of the same type during the week of 2023-09-14, the average rate was 7.48%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-14 7.18%
    Bluffton 30 Year Fixed Rate 2023-09-14 7.24%
    Bluffton 30 Year Fixed Rate Refi 2023-09-14 7.48%
    Bluffton 15 Year Fixed Rate 2023-09-14 6.71%
    Bluffton 15 Year Fixed Rate Refi 2023-09-14 6.91%
    Bluffton 30 Year FHA 2023-09-14 6.79%
    Bluffton 30 Year FHA Refi 2023-09-14 6.89%
    Bluffton 30 Year USDA 2023-09-14 6.98%
    Bluffton 30 Year USDA Refi 2023-09-14 7.18%
    Bluffton 30 Year VA 2023-09-14 6.91%
    Bluffton 30 Year VA Refi 2023-09-14 7.01%
    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.