Bucyrus - Galion Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Bucyrus - Galion averaged
6.88%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
7.01% and
one month ago for the week of 2024-10-03, the
average rate was 6.11%.
Bucyrus - Galion's average rate one year ago was 7.95%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.69%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Bucyrus - Galion 30 Year Fixed Rate | 2024-11-07 | 6.88% |
| Bucyrus - Galion 30 Year Fixed Rate Refi | 2024-11-07 | 6.69% |
| Bucyrus - Galion 15 Year Fixed Rate | 2024-11-07 | 6.1% |
| Bucyrus - Galion 15 Year Fixed Rate Refi | 2024-11-07 | 6% |
| Bucyrus - Galion 30 Year FHA | 2024-11-07 | 6.28% |
| Bucyrus - Galion 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Bucyrus - Galion 30 Year USDA | 2024-11-07 | 6.48% |
| Bucyrus - Galion 30 Year USDA Refi | 2024-11-07 | 6.48% |
| Bucyrus - Galion 30 Year VA | 2024-11-07 | 6.24% |
| Bucyrus - Galion 30 Year VA Refi | 2024-11-07 | 6.34% |
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.).
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.