Bucyrus - Galion Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Bucyrus - Galion averaged 6.51% for the week of 2024-10-10, compared to the national average of 6.32% for the same period.

The average rate for the prior week (2024-10-03) was 6.21% and one month ago for the week of 2024-09-05, the average rate was 6.44%.

Bucyrus - Galion's average rate one year ago was 7.68%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.42%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Bucyrus - Galion 30 Year Fixed Rate 2024-10-10 6.51%
Bucyrus - Galion 30 Year Fixed Rate Refi 2024-10-10 6.42%
Bucyrus - Galion 15 Year Fixed Rate 2024-10-10 5.41%
Bucyrus - Galion 15 Year Fixed Rate Refi 2024-10-10 5.71%
Bucyrus - Galion 30 Year FHA 2024-10-10 5.95%
Bucyrus - Galion 30 Year FHA Refi 2024-10-10 6.3%
Bucyrus - Galion 30 Year USDA 2024-10-10 5.98%
Bucyrus - Galion 30 Year USDA Refi 2024-10-10 6.18%
Bucyrus - Galion 30 Year VA 2024-10-10 5.85%
Bucyrus - Galion 30 Year VA Refi 2024-10-10 6.05%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Bucyrus-Galion, OH.

Bucyrus - Galion 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 Bucyrus-Galion, OH 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
The Park National Bank 34 6.96% $3,242
UNION HOME MORTGAGE CORP. 20 7.07% $5,600
The Huntington National Bank 18 7.03% $3,852
QUICKEN LOANS, LLC 15 7.08% $4,898
CROSSCOUNTRY MORTGAGE, LLC 11 7.56% $6,203
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 7.30% $4,604
JPMorgan Chase Bank 7 6.98% $2,209
LOANDEPOT.COM, LLC 6 7.16% $4,626
EQUITY RESOURCES, INC. 5 6.30% $3,406
Mechanics Bank 5 6.15% $2,382
Civista Bank 4 6.56% $3,154
CNB Bank 4 6.69% $2,868
GUARANTEED RATE, INC. 4 6.67% $5,394
First Federal Bank of the Midwest 4 6.84% $3,481
PENNYMAC LOAN SERVICES, LLC 3 7.08% $4,094
Third Federal Savings and Loan Association of Cleveland 3 6.41% $976
UNITED 3 6.88% $3,385
THE EQUITABLE MORTGAGE CORPORATION 2 6.50% $3,636
Flagstar Bank, FSB 2 6.50% $3,267
PNC Bank 2 6.63% $6,437
UNITED WHOLESALE MORTGAGE, LLC 2 7.31% $6,599
U.S. Bank 2 6.63% $2,732
RUOFF MORTGAGE COMPANY, INC. 2 7.31% $3,809
Farm Credit Mid-America, ACA 2 7.00% $4,329
NEWREZ LLC 2 7.19% $2,822
NFM, INC. 2 7.31% $4,359
CHURCHILL MORTGAGE CORPORATION 2 5.99% $3,909
AmeriHome Mortgage Company, LLC 2 6.50% $4,642
ZILLOW HOME LOANS, LLC 1 6.25% $6,307
DAS Acquisition Company, LLC 1 8.63% $1,770
First Commonwealth Bank 1 7.13% $3,321
First Federal Savings and Loan Association of Lakewood 1 5.80% $4,636
Goldman Sachs Bank USA 1 5.75% $5,496
GUARANTEED RATE AFFINITY, LLC 1 8.50% $5,741
KEMBA FINANCIAL 1 6.00% $3,778
Mortgage Research Center, LLC 1 6.25% $3,707
Nations Lending Corporation 1 8.25% $3,555
NAVY FEDERAL CREDIT UNION 1 6.88% $1,598
Northpointe Bank 1 6.50% $4,262
PLANET HOME LENDING, LLC 1 6.88% $5,576
ROYAL UNITED MORTGAGE LLC 1 7.13% $5,637
T2 FINANCIAL LLC 1 7.63% $5,941
TELHIO 1 7.50% $2,834
The Middlefield Banking Company 1 7.25% $3,621
The Union Bank Company 1 5.88% $2,846
THRIVE MORTGAGE, LLC 1 5.88% $4,255
Truist 1 7.49% $3,374
Truliant Federal Credit Union 1 6.00% $2,881
UNION CAPITAL MORTGAGE CORPORATION 1 6.63% $10,121
Union Savings Bank 1 6.50% $3,709
Wells Fargo Bank 1 6.38% $6,446
WRIGHT-PATT CREDIT UNION, INC. 1 7.63% $2,706
AMERICAN FINANCING CORPORATION 1 6.50% $4,352

Bucyrus - Galion Average Closing Costs & Other Stats

Bucyrus-Galion, OH's 53 lenders originated 650 loans during 2023. The total origination value was $76,020,000, with an average loan value of $116,954.

Bucyrus - Galion's average closing costs are $4,336.

The top Bucyrus - Galion lender as defined by loan originations is The Park National Bank, with 34 loans originated. Their average total fees are $3,242, which is $2,358 lower than the next largest lender, UNION HOME MORTGAGE CORP..

The lowest fee Bucyrus - Galion lenders (with over 10 loans originated) are The Park National Bank ($3,242), The Huntington National Bank ($3,852), QUICKEN LOANS, LLC ($4,898), UNION HOME MORTGAGE CORP. ($5,600) and CROSSCOUNTRY MORTGAGE, LLC ($6,203).

The lowest rate Bucyrus - Galion lenders (with over 10 loans originated) are The Park National Bank (6.96%), The Huntington National Bank (7.03%), UNION HOME MORTGAGE CORP. (7.07%), QUICKEN LOANS, LLC (7.08%) and CROSSCOUNTRY MORTGAGE, LLC (7.56%).

Bucyrus-Galion, OH 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
UNION HOME MORTGAGE CORP. $8,510,000 $7,040,000 -17.3% 9.3%
The Huntington National Bank $11,145,000 $6,615,000 -40.6% 8.7%
The Park National Bank $9,190,000 $6,125,000 -33.4% 8.1%
QUICKEN LOANS, LLC $6,660,000 $5,605,000 -15.8% 7.4%
First Federal Community Bank of Bucyrus $9,500,000 $5,045,000 -46.9% 6.6%
CROSSCOUNTRY MORTGAGE, LLC $4,100,000 $3,425,000 -16.5% 4.5%
LOANDEPOT.COM, LLC $3,120,000 $3,270,000 4.8% 4.3%
PLAZA HOME MORTGAGE, INC. $910,000 $2,955,000 224.7% 3.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,845,000 $2,295,000 24.4% 3.0%
Mechanics Bank $3,410,000 $1,920,000 -43.7% 2.5%
First Federal Bank of Ohio $1,810,000 $1,890,000 4.4% 2.5%
Mortgage Research Center, LLC $2,645,000 $1,585,000 -40.1% 2.1%
AG Credit, Agricultural Credit Association $1,845,000 $1,570,000 -14.9% 2.1%
EQUITY RESOURCES, INC. $2,000,000 $1,445,000 -27.8% 1.9%
GUARANTEED RATE, INC. $1,345,000 n/a 1.8%
First Federal Bank of the Midwest $2,590,000 $1,270,000 -51.0% 1.7%
CNB Bank $2,590,000 $1,260,000 -51.4% 1.7%
JPMorgan Chase Bank $665,000 $1,255,000 88.7% 1.7%
PNC Bank $725,000 $970,000 33.8% 1.3%
PENNYMAC LOAN SERVICES, LLC $930,000 n/a 1.2%
Civista Bank $1,215,000 $885,000 -27.2% 1.2%
LENDINGHOME FUNDING CORPORATION $65,000 $720,000 1,007.7% 0.9%
RUOFF MORTGAGE COMPANY, INC. $605,000 $695,000 14.9% 0.9%
NFM, INC. $175,000 $655,000 274.3% 0.9%
Third Federal Savings and Loan Association of Cleveland $535,000 $635,000 18.7% 0.8%
UNITED WHOLESALE MORTGAGE, LLC $840,000 $620,000 -26.2% 0.8%
FIRST OHIO HOME FINANCE, INC. $540,000 n/a 0.7%
U.S. Bank $1,185,000 $525,000 -55.7% 0.7%
Goldman Sachs Bank USA $505,000 n/a 0.7%
FREEDOM MORTGAGE CORPORATION $530,000 $500,000 -5.7% 0.7%
NEWREZ LLC $260,000 $415,000 59.6% 0.5%
Farm Credit Mid-America, ACA $410,000 n/a 0.5%
THE EQUITABLE MORTGAGE CORPORATION $105,000 $405,000 285.7% 0.5%
NEW DAY FINANCIAL, LLC $600,000 $390,000 -35.0% 0.5%
TRIAD FINANCIAL SERVICES, INC. $835,000 $385,000 -53.9% 0.5%
FLAT BRANCH MORTGAGE, INC. $380,000 n/a 0.5%
NAVY FEDERAL CREDIT UNION $515,000 $355,000 -31.1% 0.5%
UNITED $775,000 $355,000 -54.2% 0.5%
First Citizens National Bank $340,000 n/a 0.4%
1ST SIGNATURE LENDING, LLC $185,000 $315,000 70.3% 0.4%
KEMBA FINANCIAL $155,000 $315,000 103.2% 0.4%
HOMESIDE FINANCIAL, LLC $110,000 $310,000 181.8% 0.4%
Nations Lending Corporation $300,000 n/a 0.4%
Discover Bank $35,000 $285,000 714.3% 0.4%
UNION CAPITAL MORTGAGE CORPORATION $285,000 n/a 0.4%
AmeriHome Mortgage Company, LLC $85,000 $270,000 217.6% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $630,000 $270,000 -57.1% 0.4%
TELHIO $280,000 $270,000 -3.6% 0.4%
THRIVE MORTGAGE, LLC $270,000 n/a 0.4%
Union Savings Bank $105,000 $270,000 157.1% 0.4%
CHURCHILL MORTGAGE CORPORATION $260,000 n/a 0.3%
GUARANTEED RATE AFFINITY, LLC $115,000 $225,000 95.7% 0.3%
ZILLOW HOME LOANS, LLC $215,000 n/a 0.3%
BROKER SOLUTIONS, INC. $95,000 $190,000 100.0% 0.2%
The Middlefield Banking Company $190,000 n/a 0.2%
Carrington Mortgage Services, LLC $75,000 $185,000 146.7% 0.2%
SUN WEST MORTGAGE COMPANY, INC. $180,000 n/a 0.2%
PLANET HOME LENDING, LLC $175,000 n/a 0.2%
Flagstar Bank, FSB $535,000 $170,000 -68.2% 0.2%
PENTAGON FEDERAL CREDIT UNION $170,000 n/a 0.2%
LIBERTY HOME MORTGAGE CORPORATION $85,000 $160,000 88.2% 0.2%
Northpointe Bank $155,000 n/a 0.2%
Paramount Residential Mortgage Group, Inc. $155,000 n/a 0.2%
The Union Bank Company $445,000 $145,000 -67.4% 0.2%
DAS Acquisition Company, LLC $165,000 $135,000 -18.2% 0.2%
First Federal Savings and Loan Association of Lakewood $1,395,000 $135,000 -90.3% 0.2%
AMERICAN FINANCIAL NETWORK, INC. $125,000 n/a 0.2%
AMERISAVE MORTGAGE CORPORATION $170,000 $125,000 -26.5% 0.2%
CARDINAL FINANCIAL $155,000 $125,000 -19.4% 0.2%
Dollar Bank, Federal Savings Bank $125,000 n/a 0.2%
Ixonia Bank $45,000 $125,000 177.8% 0.2%
T2 FINANCIAL LLC $700,000 $125,000 -82.1% 0.2%
Wells Fargo Bank $625,000 $125,000 -80.0% 0.2%
Ally Bank $115,000 n/a 0.2%
First Commonwealth Bank $55,000 $115,000 109.1% 0.2%
MTC Federal Credit Union $115,000 n/a 0.2%
LAKEVIEW LOAN SERVICING, LLC $95,000 $105,000 10.5% 0.1%
Coastal Community Bank $100,000 n/a 0.1%
MORIA DEVELOPMENT, INC. $100,000 n/a 0.1%
Citadel Servicing Corporation $95,000 n/a 0.1%
Figure Lending LLC $40,000 $95,000 137.5% 0.1%
WRIGHT-PATT CREDIT UNION, INC. $90,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $250,000 $75,000 -70.0% 0.1%
YOUR HOME FINANCIAL LLC $75,000 n/a 0.1%
Fifth Third Bank $920,000 $55,000 -94.0% 0.1%
ROYAL UNITED MORTGAGE LLC $185,000 $55,000 -70.3% 0.1%
Truliant Federal Credit Union $55,000 n/a 0.1%
Truist $265,000 $45,000 -83.0% 0.1%
Directions Credit Union, Inc. $845,000 $35,000 -95.9% 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $25,000 n/a 0.0%

Bucyrus - Galion's top lender by overall market share is UNION HOME MORTGAGE CORP., with 9.3% market share. In second place, with 8.7%, is The Huntington National Bank, having originated $6,615,000 in loans. In third place, with 8.1%, is The Park National Bank, having originated $6,125,000 in loans. In fourth place, with 7.4%, is QUICKEN LOANS, LLC, having originated $5,605,000 in loans. In fifth place, with 6.6%, is First Federal Community Bank of Bucyrus, having originated $5,045,000 in loans.

Bucyrus-Galion, OH Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 390 $54,910,000 $140,795
Cash Out Refi 97 $9,235,000 $95,206
Home Improvement 60 $3,180,000 $53,000
Refi 52 $5,920,000 $113,846
Other 51 $2,775,000 $54,412

Bucyrus - Galion's most frequently cited loan purpose was Home Purchase, with 390 originations. The 2nd most popular reason was Cash Out Refi, with 97 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 218 $30,740,000 $141,009
7-8% 166 $21,350,000 $128,614
Over 8% 128 $8,770,000 $68,516
5-6% 54 $7,500,000 $138,889
<2.5% 3 $25,000 $8,333
4-5% 1 $245,000 $245,000

During 2023, Bucyrus - Galion's most frequently originated rate bucket was 6-7%, with 218 originations.

Loan Sizing (Bucyrus-Galion, OH MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 299 $16,855,000 $56,371
$100k-200k 279 $39,655,000 $142,133
$200k-400k 68 $17,600,000 $258,824
$400k-600k 4 $1,910,000 $477,500

Bucyrus - Galion's loan sizing saw the bucket of loans from $100,000 or less with 299 originations, totaling $16,855,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 283 $41,415,000 $146,343
60-80% 114 $15,530,000 $136,228
20-40% 60 $3,140,000 $52,333
40-60% 53 $5,185,000 $97,830
Under 20% 50 $1,340,000 $26,800
Over 100% 10 $2,020,000 $202,000

Bucyrus - Galion's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 283 originations, totaling $41,415,000 in origination value.