Chillicothe 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 Chillicothe averaged 7.11% 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 6.74% and one month ago for the week of 2024-10-03, the average rate was 6.34%.

    Chillicothe's average rate one year ago was 7.88%.

    For refis of the same type during the week of 2024-11-07, the average rate was 6.79%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Chillicothe 30 Year Fixed Rate 2024-11-07 7.11%
    Chillicothe 30 Year Fixed Rate Refi 2024-11-07 6.79%
    Chillicothe 15 Year Fixed Rate 2024-11-07 6.1%
    Chillicothe 15 Year Fixed Rate Refi 2024-11-07 6.1%
    Chillicothe 30 Year FHA 2024-11-07 6.83%
    Chillicothe 30 Year FHA Refi 2024-11-07 6.43%
    Chillicothe 30 Year USDA 2024-11-07 6.58%
    Chillicothe 30 Year USDA Refi 2024-11-07 6.48%
    Chillicothe 30 Year VA 2024-11-07 6.78%
    Chillicothe 30 Year VA Refi 2024-11-07 6.34%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Chillicothe, OH.

    Chillicothe 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 Chillicothe, 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
    GUARANTEED RATE, INC. 72 6.68% $4,245
    THE VINTON COUNTY NATIONAL BANK 42 7.19% $2,908
    Fifth Third Bank 31 6.89% $4,071
    QUICKEN LOANS, LLC 21 6.89% $6,244
    DAS Acquisition Company, LLC 15 6.98% $4,215
    The Huntington National Bank 13 6.85% $4,045
    UNION HOME MORTGAGE CORP. 13 7.06% $4,893
    WesBanco 10 6.55% $4,190
    HOMELAND CREDIT UNION, INC. 10 7.01% $3,104
    CROSSCOUNTRY MORTGAGE, LLC 8 7.24% $6,666
    Flagstar Bank, FSB 7 6.86% $5,071
    UNITED WHOLESALE MORTGAGE, LLC 6 7.63% $5,196
    RUOFF MORTGAGE COMPANY, INC. 5 7.03% $4,554
    JPMorgan Chase Bank 5 6.77% $3,219
    The Merchants National Bank 4 7.63% $2,001
    LCNB National Bank 4 5.97% $2,882
    GSF Mortgage Corporation 4 6.66% $6,425
    U.S. Bank 4 7.00% $2,484
    HOMESIDE FINANCIAL, LLC 4 7.56% $8,532
    PNC Bank 4 7.13% $3,120
    PENNYMAC LOAN SERVICES, LLC 3 6.27% $5,580
    Farm Credit Mid-America, ACA 3 7.29% $7,354
    LOANDEPOT.COM, LLC 3 6.91% $7,632
    VANDERBILT MORTGAGE AND FINANCE, INC. 3 8.58% $8,323
    WRIGHT-PATT CREDIT UNION, INC. 2 7.63% $4,226
    EQUITY RESOURCES, INC. 2 6.94% $2,543
    NexBank 2 6.88% $8,452
    NFM, INC. 2 7.25% $5,735
    ZILLOW HOME LOANS, LLC 2 6.94% $4,226
    The Ohio Valley Bank Company 2 7.38% $4,346
    The Park National Bank 2 6.81% $4,432
    Mr. Cooper ( Nationstar Mortgage ) 2 6.56% $7,468
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 8.06% $6,706
    Plains Commerce Bank 1 6.25% $5,520
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.13% $3,568
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 7.75% $3,505
    ENVOY MORTGAGE, LTD 1 6.50% $3,785
    RAPID MORTGAGE COMPANY 1 7.75% $6,221
    Deere Employees Credit Union 1 5.50% $2,186
    The Community Bank 1 6.63% $3,300
    City National Bank of West Virginia 1 6.15% $2,350
    Citizens Bank 1 6.63% $5,375
    CHURCHILL MORTGAGE CORPORATION 1 5.75% $3,648
    Third Federal Savings and Loan Association of Cleveland 1 6.14% $0
    TrueCore Federal Credit Union 1 8.13% $4,299
    CALIBER HOME LOANS, INC. 1 6.88% $6,804
    BMO Harris Bank 1 6.13% $3,561
    Bank of England 1 7.25% $3,817
    Wells Fargo Bank 1 7.50% $721
    AMERISAVE MORTGAGE CORPORATION 1 7.75% $5,315
    Heartland Bank 1 7.13% $2,561
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 8.13% $2,802
    GUILD MORTGAGE COMPANY 1 7.38% $5,357
    FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $7,075
    J. VIRGIL, INC. 1 6.63% $5,616
    KeyBank 1 7.38% $3,637
    First Bank Richmond 1 6.13% $3,021
    Nations Lending Corporation 1 7.88% $6,960
    NAVY FEDERAL CREDIT UNION 1 4.88% $5,132
    NEWREZ LLC 1 6.50% $4,896
    Pathways Financial Credit Union, Inc. 1 7.63% $2,777

    Chillicothe Average Closing Costs & Other Stats

    Chillicothe, OH's 61 lenders originated 1,189 loans during 2023. The total origination value was $190,005,000, with an average loan value of $159,802.

    Chillicothe's average closing costs are $4,852.

    The top Chillicothe lender as defined by loan originations is GUARANTEED RATE, INC., with 72 loans originated. Their average total fees are $4,245, which is $1,337 higher than the next largest lender, THE VINTON COUNTY NATIONAL BANK.

    The lowest fee Chillicothe lenders (with over 10 loans originated) are THE VINTON COUNTY NATIONAL BANK ($2,908), HOMELAND CREDIT UNION, INC. ($3,104), The Huntington National Bank ($4,045), Fifth Third Bank ($4,071) and WesBanco ($4,190).

    The lowest rate Chillicothe lenders (with over 10 loans originated) are WesBanco (6.55%), GUARANTEED RATE, INC. (6.68%), The Huntington National Bank (6.85%), QUICKEN LOANS, LLC (6.89%) and Fifth Third Bank (6.89%).

    Chillicothe, 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
    GUARANTEED RATE, INC. $12,445,000 $26,700,000 114.5% 14.1%
    THE VINTON COUNTY NATIONAL BANK $20,640,000 $22,430,000 8.7% 11.8%
    QUICKEN LOANS, LLC $14,070,000 $9,225,000 -34.4% 4.9%
    Fifth Third Bank $13,350,000 $9,155,000 -31.4% 4.8%
    The Huntington National Bank $16,175,000 $8,475,000 -47.6% 4.5%
    Kingston National Bank $14,510,000 $7,975,000 -45.0% 4.2%
    UNION HOME MORTGAGE CORP. $8,255,000 $7,885,000 -4.5% 4.1%
    WesBanco $13,655,000 $6,840,000 -49.9% 3.6%
    ATOMIC CREDIT UNION, INC. $4,465,000 $5,450,000 22.1% 2.9%
    DAS Acquisition Company, LLC $7,725,000 $4,850,000 -37.2% 2.6%
    UNITED WHOLESALE MORTGAGE, LLC $4,705,000 $4,785,000 1.7% 2.5%
    Mortgage Research Center, LLC $7,400,000 $4,735,000 -36.0% 2.5%
    CROSSCOUNTRY MORTGAGE, LLC $2,650,000 $4,210,000 58.9% 2.2%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $2,635,000 n/a 1.4%
    VANDERBILT MORTGAGE AND FINANCE, INC. $2,330,000 $2,500,000 7.3% 1.3%
    RUOFF MORTGAGE COMPANY, INC. $1,475,000 $2,220,000 50.5% 1.2%
    COREVEST AMERICAN FINANCE LENDER LLC $2,085,000 n/a 1.1%
    HOMELAND CREDIT UNION, INC. $5,140,000 $1,965,000 -61.8% 1.0%
    The Merchants National Bank $1,865,000 $1,920,000 2.9% 1.0%
    Flagstar Bank, FSB $390,000 $1,870,000 379.5% 1.0%
    PNC Bank $3,510,000 $1,805,000 -48.6% 0.9%
    NFM, INC. $1,155,000 $1,515,000 31.2% 0.8%
    LCNB National Bank $2,605,000 $1,480,000 -43.2% 0.8%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $1,405,000 n/a 0.7%
    The Ohio Valley Bank Company $2,685,000 $1,345,000 -49.9% 0.7%
    Mr. Cooper ( Nationstar Mortgage ) $2,685,000 $1,295,000 -51.8% 0.7%
    NEW DAY FINANCIAL, LLC $145,000 $1,260,000 769.0% 0.7%
    LOANDEPOT.COM, LLC $1,000,000 $1,240,000 24.0% 0.7%
    U.S. Bank $1,400,000 $1,155,000 -17.5% 0.6%
    NEWREZ LLC $1,805,000 $1,140,000 -36.8% 0.6%
    HOMESIDE FINANCIAL, LLC $1,110,000 $1,020,000 -8.1% 0.5%
    JPMorgan Chase Bank $1,820,000 $1,000,000 -45.1% 0.5%
    Third Federal Savings and Loan Association of Cleveland $925,000 $970,000 4.9% 0.5%
    Farm Credit Mid-America, ACA $1,405,000 $945,000 -32.7% 0.5%
    NAVY FEDERAL CREDIT UNION $920,000 $945,000 2.7% 0.5%
    FREEDOM MORTGAGE CORPORATION $1,685,000 $900,000 -46.6% 0.5%
    Citizens Bank $445,000 $885,000 98.9% 0.5%
    Carrington Mortgage Services, LLC $1,265,000 $840,000 -33.6% 0.4%
    T2 FINANCIAL LLC $1,180,000 $830,000 -29.7% 0.4%
    RAPID MORTGAGE COMPANY $1,585,000 $815,000 -48.6% 0.4%
    CARDINAL FINANCIAL $485,000 $805,000 66.0% 0.4%
    GSF Mortgage Corporation $135,000 $800,000 492.6% 0.4%
    The Park National Bank $250,000 $795,000 218.0% 0.4%
    Union Savings Bank $1,445,000 $755,000 -47.8% 0.4%
    WRIGHT-PATT CREDIT UNION, INC. $805,000 $740,000 -8.1% 0.4%
    The Citizens National Bank of Bluffton $725,000 n/a 0.4%
    BROKER SOLUTIONS, INC. $1,070,000 $720,000 -32.7% 0.4%
    USAA Federal Savings Bank $330,000 $720,000 118.2% 0.4%
    Paramount Residential Mortgage Group, Inc. $770,000 $715,000 -7.1% 0.4%
    PENNYMAC LOAN SERVICES, LLC $1,035,000 $635,000 -38.6% 0.3%
    POLARIS HOME FUNDING CORP. $520,000 $630,000 21.2% 0.3%
    BMO Harris Bank $580,000 n/a 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $175,000 $535,000 205.7% 0.3%
    J. VIRGIL, INC. $710,000 $525,000 -26.1% 0.3%
    Nations Lending Corporation $280,000 $520,000 85.7% 0.3%
    AMERICAN FINANCIAL RESOURCES, INC. $515,000 n/a 0.3%
    Wells Fargo Bank $515,000 $510,000 -1.0% 0.3%
    NexBank $490,000 n/a 0.3%
    UNIVERSAL 1 CREDIT UNION $505,000 $480,000 -5.0% 0.3%
    GENEVA FINANCIAL, LLC $470,000 n/a 0.2%
    FIRST OHIO HOME FINANCE, INC. $1,060,000 $465,000 -56.1% 0.2%
    GUARANTEED RATE AFFINITY, LLC $195,000 $460,000 135.9% 0.2%
    FIRST COMMUNITY MORTGAGE, INC. $450,000 n/a 0.2%
    VILLAGE CAPITAL MORTGAGE $65,000 $410,000 530.8% 0.2%
    Gateway First Bank $190,000 $400,000 110.5% 0.2%
    21ST MORTGAGE CORPORATION $70,000 $385,000 450.0% 0.2%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $380,000 n/a 0.2%
    ZILLOW HOME LOANS, LLC $350,000 n/a 0.2%
    RELIANCE FIRST CAPITAL, LLC $290,000 $340,000 17.2% 0.2%
    Discover Bank $200,000 $335,000 67.5% 0.2%
    EQUITY RESOURCES, INC. $870,000 $330,000 -62.1% 0.2%
    AMERISAVE MORTGAGE CORPORATION $1,715,000 $325,000 -81.0% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $1,540,000 $320,000 -79.2% 0.2%
    Heartland Bank $260,000 $315,000 21.2% 0.2%
    PLANET HOME LENDING, LLC $595,000 $305,000 -48.7% 0.2%
    TOP FLITE FINANCIAL, INC. $545,000 $300,000 -45.0% 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $285,000 n/a 0.1%
    First State Bank $730,000 $250,000 -65.8% 0.1%
    City National Bank of West Virginia $245,000 n/a 0.1%
    Equity Prime Mortgage LLC $255,000 $245,000 -3.9% 0.1%
    Plains Commerce Bank $245,000 n/a 0.1%
    TELHIO $125,000 $240,000 92.0% 0.1%
    CME Federal Credit Union $225,000 n/a 0.1%
    The Savings Bank $1,055,000 $220,000 -79.1% 0.1%
    Cornerstone First Mortgage, Inc $215,000 n/a 0.1%
    Pathways Financial Credit Union, Inc. $95,000 $215,000 126.3% 0.1%
    Peoples Bank $120,000 $210,000 75.0% 0.1%
    THRIVE MORTGAGE, LLC $205,000 n/a 0.1%
    KeyBank $295,000 $195,000 -33.9% 0.1%
    PROVIDENT FUNDING ASSOCIATES, L.P. $125,000 $195,000 56.0% 0.1%
    The Community Bank $195,000 n/a 0.1%
    TrueCore Federal Credit Union $195,000 n/a 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $165,000 $165,000 0.0% 0.1%
    Deere Employees Credit Union $165,000 n/a 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $540,000 $165,000 -69.4% 0.1%
    First Bank Richmond $165,000 n/a 0.1%
    CALIBER HOME LOANS, INC. $1,515,000 $155,000 -89.8% 0.1%
    ENVOY MORTGAGE, LTD $155,000 n/a 0.1%
    AmRes Corporation $690,000 $145,000 -79.0% 0.1%
    GUILD MORTGAGE COMPANY $420,000 $145,000 -65.5% 0.1%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $125,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $125,000 $115,000 -8.0% 0.1%
    LENDINGHOME FUNDING CORPORATION $115,000 $115,000 0.0% 0.1%
    SENTE MORTGAGE, INC. $115,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $390,000 $105,000 -73.1% 0.1%
    CNB Bank $105,000 n/a 0.1%
    GENERAL ELECTRIC CREDIT UNION $860,000 $105,000 -87.8% 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $570,000 $105,000 -81.6% 0.1%
    TOWNE MORTGAGE COMPANY $105,000 n/a 0.1%
    PREMIER LENDING, INC. $90,000 n/a 0.0%
    Southern Hills Community Bank $335,000 $85,000 -74.6% 0.0%
    The Federal Savings Bank $650,000 $85,000 -86.9% 0.0%
    Bank of America $260,000 $75,000 -71.2% 0.0%
    FINANCE OF AMERICA REVERSE LLC $75,000 n/a 0.0%
    BMI Federal Credit Union $70,000 n/a 0.0%
    Bank of England $330,000 $65,000 -80.3% 0.0%
    Coastal Community Bank $65,000 n/a 0.0%
    Figure Lending LLC $170,000 $60,000 -64.7% 0.0%
    KEMBA FINANCIAL $755,000 $45,000 -94.0% 0.0%
    First Financial Bank $35,000 $35,000 0.0% 0.0%
    FIRST SERVICE FCU $25,000 n/a 0.0%

    Chillicothe's top lender by overall market share is GUARANTEED RATE, INC., with 14.1% market share. In second place, with 11.8%, is THE VINTON COUNTY NATIONAL BANK, having originated $22,430,000 in loans. In third place, with 4.9%, is QUICKEN LOANS, LLC, having originated $9,225,000 in loans. In fourth place, with 4.8%, is Fifth Third Bank, having originated $9,155,000 in loans. In fifth place, with 4.5%, is The Huntington National Bank, having originated $8,475,000 in loans.

    Chillicothe, OH Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 692 $133,660,000 $193,150
    Cash Out Refi 149 $21,975,000 $147,483
    Other 130 $9,740,000 $74,923
    Home Improvement 115 $8,695,000 $75,609
    Refi 103 $15,935,000 $154,709

    Chillicothe's most frequently cited loan purpose was Home Purchase, with 692 originations. The 2nd most popular reason was Cash Out Refi, with 149 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 375 $71,375,000 $190,333
    7-8% 306 $53,860,000 $176,013
    Over 8% 281 $30,195,000 $107,456
    5-6% 94 $17,060,000 $181,489
    <2.5% 26 $1,290,000 $49,615
    3-4% 13 $1,075,000 $82,692
    4-5% 8 $1,390,000 $173,750

    During 2023, Chillicothe's most frequently originated rate bucket was 6-7%, with 375 originations.

    Loan Sizing (Chillicothe, OH MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 455 $68,355,000 $150,231
    $100,000 or less 419 $24,115,000 $57,554
    $200k-400k 280 $74,060,000 $264,500
    $400k-600k 21 $10,075,000 $479,762
    $600k-1000k 11 $8,005,000 $727,727
    $Over $1MM 3 $5,395,000 $1,798,333

    Chillicothe's loan sizing saw the bucket of loans from $100k-200k with 455 originations, totaling $68,355,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 504 $99,710,000 $197,837
    60-80% 201 $42,255,000 $210,224
    20-40% 149 $11,465,000 $76,946
    Under 20% 132 $4,960,000 $37,576
    40-60% 97 $13,265,000 $136,753
    Over 100% 15 $3,925,000 $261,667

    Chillicothe's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 504 originations, totaling $99,710,000 in origination value.