Decatur Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Decatur averaged 6.53% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

The average rate for the prior week (2025-03-27) was 6.54% and one month ago for the week of 2025-02-27, the average rate was 7.05%.

Decatur's average rate one year ago was 6.98%.

For refis of the same type during the week of 2025-04-03, the average rate was 6.64%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Decatur, IN.

Decatur 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 Decatur, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
The Farmers & Merchants State Bank 48 6.85% $3,114
RUOFF MORTGAGE COMPANY, INC. 45 6.54% $2,774
Three Rivers Federal Credit Union 19 6.68% $2,571
First Merchants Bank 14 6.94% $2,971
STOCKTON MORTGAGE CORPORATION 10 6.90% $2,985
MIDWEST AMERICA 10 6.78% $2,228
Fifth Third Bank 9 7.01% $3,243
ProFed Federal Credit Union 9 6.57% $2,511
QUICKEN LOANS, LLC 7 7.10% $5,254
GVC MORTGAGE, INC. 6 7.20% $5,223
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 3 6.83% $3,506
JPMorgan Chase Bank 3 6.08% $2,213
TEACHERS CREDIT UNION 3 6.46% $2,100
Notre Dame Federal Credit Union Corporation 2 7.63% $5,820
ROYAL UNITED MORTGAGE LLC 2 6.75% $7,907
HALLMARK HOME MORTGAGE, LLC 2 7.00% $2,796
Union Savings Bank 2 7.50% $2,856
UNITED WHOLESALE MORTGAGE, LLC 2 6.56% $3,263
VAN DYK MORTGAGE CORPORATION 2 7.00% $3,195
Farm Credit Mid-America, ACA 2 7.50% $2,885
First Federal Savings Bank 2 6.75% $2,264
FIRST COMMUNITY MORTGAGE, INC. 2 7.69% $3,945
Old National Bank 2 6.63% $2,748
Wells Fargo Bank 1 8.63% $3,069
BEACON CREDIT UNION 1 6.63% $1,874
CROSSCOUNTRY MORTGAGE, LLC 1 7.50% $3,460
Discover Bank 1 7.56% $0
First Farmers Bank and Trust Company 1 7.13% $2,611
First Federal Bank of the Midwest 1 7.50% $3,290
Flagstar Bank, FSB 1 6.63% $2,907
GUARANTEED RATE AFFINITY, LLC 1 6.60% $2,828
LOANDEPOT.COM, LLC 1 7.13% $3,192
MOVEMENT MORTGAGE, LLC 1 7.25% $4,794
Mr. Cooper ( Nationstar Mortgage ) 1 7.38% $5,399
Nations Lending Corporation 1 6.63% $3,494
NAVY FEDERAL CREDIT UNION 1 7.25% $1,353
PENNYMAC LOAN SERVICES, LLC 1 8.00% $2,236
PNC Bank 1 6.63% $2,063
Prosperity Home Mortgage, LLC 1 7.13% $2,640
STAR Financial Bank 1 6.38% $3,446
Sunflower Bank 1 6.49% $9,525
The Huntington National Bank 1 6.50% $2,733
Arvest Bank 1 7.13% $2,848

Decatur Average Closing Costs & Other Stats

Decatur, IN's 43 lenders originated 774 loans during 2024. The total origination value was $104,640,000, with an average loan value of $135,194.

Decatur's average closing costs are $3,259.

The top Decatur lender as defined by loan originations is The Farmers & Merchants State Bank, with 48 loans originated. Their average total fees are $3,114, which is $340 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

The lowest fee Decatur lenders (with over 10 loans originated) are MIDWEST AMERICA ($2,228), Three Rivers Federal Credit Union ($2,571), RUOFF MORTGAGE COMPANY, INC. ($2,774), First Merchants Bank ($2,971) and STOCKTON MORTGAGE CORPORATION ($2,985).

The lowest rate Decatur lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. (6.54%), Three Rivers Federal Credit Union (6.68%), MIDWEST AMERICA (6.78%), The Farmers & Merchants State Bank (6.85%) and STOCKTON MORTGAGE CORPORATION (6.90%).

Decatur, 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
First Bank of Berne $11,210,000 $19,385,000 72.9% 18.5%
The Farmers & Merchants State Bank $21,140,000 $17,125,000 -19.0% 16.4%
RUOFF MORTGAGE COMPANY, INC. $8,045,000 $11,715,000 45.6% 11.2%
First Merchants Bank $6,035,000 $6,095,000 1.0% 5.8%
Three Rivers Federal Credit Union $4,995,000 $6,055,000 21.2% 5.8%
Fifth Third Bank $2,560,000 $4,755,000 85.7% 4.5%
ProFed Federal Credit Union $2,795,000 $3,540,000 26.7% 3.4%
QUICKEN LOANS, LLC $2,085,000 $2,985,000 43.2% 2.9%
STOCKTON MORTGAGE CORPORATION $2,675,000 n/a 2.6%
MIDWEST AMERICA $2,560,000 $2,425,000 -5.3% 2.3%
Regions Bank $2,105,000 n/a 2.0%
GVC MORTGAGE, INC. $1,145,000 $2,010,000 75.5% 1.9%
Mortgage Research Center, LLC $525,000 $1,620,000 208.6% 1.5%
Union Savings Bank $95,000 $1,275,000 1,242.1% 1.2%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $600,000 $1,255,000 109.2% 1.2%
NEWREZ LLC $620,000 $815,000 31.5% 0.8%
HALLMARK HOME MORTGAGE, LLC $1,220,000 $805,000 -34.0% 0.8%
TEACHERS CREDIT UNION $1,590,000 $690,000 -56.6% 0.7%
UNITED WHOLESALE MORTGAGE, LLC $670,000 n/a 0.6%
Old National Bank $290,000 $650,000 124.1% 0.6%
CHURCHILL MORTGAGE CORPORATION $645,000 n/a 0.6%
GENEVA FINANCIAL, LLC $615,000 n/a 0.6%
Farm Credit Mid-America, ACA $770,000 $570,000 -26.0% 0.5%
VAN DYK MORTGAGE CORPORATION $200,000 $560,000 180.0% 0.5%
PARTNERS 1ST Federal Credit Union $315,000 $535,000 69.8% 0.5%
The Campbell & Fetter Bank $515,000 n/a 0.5%
Carrington Mortgage Services, LLC $500,000 n/a 0.5%
JPMorgan Chase Bank $780,000 $490,000 -37.2% 0.5%
Notre Dame Federal Credit Union Corporation $420,000 n/a 0.4%
MOVEMENT MORTGAGE, LLC $415,000 n/a 0.4%
Prosperity Home Mortgage, LLC $380,000 n/a 0.4%
Nations Lending Corporation $775,000 $370,000 -52.3% 0.4%
1st Source Bank $365,000 n/a 0.3%
AMERISAVE MORTGAGE CORPORATION $595,000 $355,000 -40.3% 0.3%
AMERICAN FINANCING CORPORATION $340,000 n/a 0.3%
BEACON CREDIT UNION $65,000 $335,000 415.4% 0.3%
Sunflower Bank $315,000 n/a 0.3%
The Garrett State Bank $315,000 n/a 0.3%
VILLAGE CAPITAL MORTGAGE $315,000 n/a 0.3%
FIRST COMMUNITY MORTGAGE, INC. $155,000 $310,000 100.0% 0.3%
LOANDEPOT.COM, LLC $1,140,000 $310,000 -72.8% 0.3%
PNC Bank $195,000 $310,000 59.0% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $350,000 $305,000 -12.9% 0.3%
FREEDOM MORTGAGE CORPORATION $410,000 $290,000 -29.3% 0.3%
MORTGAGE SOLUTIONS OF COLORADO, LLC $285,000 n/a 0.3%
CROSSCOUNTRY MORTGAGE, LLC $395,000 $275,000 -30.4% 0.3%
NAVY FEDERAL CREDIT UNION $270,000 n/a 0.3%
NEW DAY FINANCIAL, LLC $265,000 n/a 0.3%
The Federal Savings Bank $365,000 $265,000 -27.4% 0.3%
AMERICAN FINANCIAL RESOURCES, INC. $255,000 n/a 0.2%
STAR Financial Bank $255,000 n/a 0.2%
First Federal Savings Bank $45,000 $250,000 455.6% 0.2%
ROYAL UNITED MORTGAGE LLC $75,000 $230,000 206.7% 0.2%
Flagstar Bank, FSB $395,000 $225,000 -43.0% 0.2%
Arvest Bank $205,000 n/a 0.2%
BROKER SOLUTIONS, INC. $175,000 $205,000 17.1% 0.2%
CALCON MUTUAL MORTGAGE LLC $205,000 n/a 0.2%
Horizon Bank $205,000 n/a 0.2%
First Federal Bank of the Midwest $200,000 n/a 0.2%
Barrington Bank & Trust Company, N.A. $135,000 $195,000 44.4% 0.2%
V.I.P. MORTGAGE, INC. $435,000 $195,000 -55.2% 0.2%
PENNYMAC LOAN SERVICES, LLC $170,000 $190,000 11.8% 0.2%
GUARANTEED RATE AFFINITY, LLC $175,000 n/a 0.2%
MICHIGAN MUTUAL, INC. $155,000 $175,000 12.9% 0.2%
Lake City Bank $80,000 $145,000 81.3% 0.1%
Discover Bank $120,000 $140,000 16.7% 0.1%
Merchants Bank of Indiana $135,000 n/a 0.1%
RELIANCE FIRST CAPITAL, LLC $135,000 n/a 0.1%
The Huntington National Bank $1,235,000 $115,000 -90.7% 0.1%
First Farmers Bank and Trust Company $105,000 n/a 0.1%
UNION HOME MORTGAGE CORP. $230,000 $105,000 -54.3% 0.1%
LOANPAL, LLC $95,000 n/a 0.1%
Fire Police City County Federal Credit Union $90,000 n/a 0.1%
Mr. Cooper ( Nationstar Mortgage ) $350,000 $85,000 -75.7% 0.1%
INDIANA MEMBERS CREDIT UNION $75,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $75,000 n/a 0.1%
Wells Fargo Bank $55,000 $65,000 18.2% 0.1%
Figure Lending LLC $80,000 $60,000 -25.0% 0.1%
FINANCE OF AMERICA REVERSE LLC $55,000 $55,000 0.0% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $55,000 n/a 0.1%
Citizens Bank $25,000 $25,000 0.0% 0.0%
Superior Credit Union, Inc. $25,000 n/a 0.0%

Decatur's top lender by overall market share is First Bank of Berne, with 18.5% market share. In second place, with 16.4%, is The Farmers & Merchants State Bank, having originated $17,125,000 in loans. In third place, with 11.2%, is RUOFF MORTGAGE COMPANY, INC., having originated $11,715,000 in loans. In fourth place, with 5.8%, is First Merchants Bank, having originated $6,095,000 in loans. In fifth place, with 5.8%, is Three Rivers Federal Credit Union, having originated $6,055,000 in loans.


Decatur Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Decatur (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $89,300 (11.1%) $112,290 (3.6%) 0.00 58
2018-02-01 $92,400 (3.6%) $123,771 (6.1%) 0.00 54
2018-03-01 $99,500 (10.7%) $133,926 (12.7%) 0.00 55
2018-04-01 $110,000 (22.4%) $137,019 (17.9%) 0.00 48
2018-05-01 $114,000 (27.4%) $141,621 (25.6%) 0.00 45
2018-06-01 $104,250 (20.0%) $138,827 (8.9%) 0.00 56
2018-07-01 $102,700 (2.8%) $141,062 (7.9%) 0.00 58
2018-08-01 $103,175 (2.9%) $138,255 (6.1%) 0.00 59
2018-09-01 $115,000 (15.1%) $139,259 (4.1%) 0.00 65
2018-10-01 $109,900 (2.7%) $138,302 (2.0%) 0.00 68
2018-11-01 $108,700 (9.0%) $130,540 (-3.1%) 0.00 69
2018-12-01 $112,900 (25.5%) $134,284 (17.4%) 0.00 61
2019-01-01 $111,125 (24.4%) $130,000 (15.8%) 0.00 57
2019-02-01 $117,450 (27.1%) $134,320 (8.5%) 0.00 50
2019-03-01 $117,714 (18.3%) $135,682 (1.3%) 0.00 53
2019-04-01 $129,450 (17.7%) $148,742 (8.6%) 0.00 54
2019-05-01 $144,990 (27.2%) $156,494 (10.5%) 0.00 47
2019-06-01 $144,990 (39.1%) $172,309 (24.1%) 0.00 50
2019-07-01 $133,750 (30.2%) $161,261 (14.3%) 0.00 56
2019-08-01 $135,382 (31.2%) $156,936 (13.5%) 0.00 58
2019-09-01 $135,955 (18.2%) $150,312 (7.9%) 0.00 54
2019-10-01 $134,886 (22.7%) $144,678 (4.6%) 0.00 54
2019-11-01 $128,900 (18.6%) $142,842 (9.4%) 0.00 50
2019-12-01 $128,450 (13.8%) $147,938 (10.2%) 0.00 48
2020-01-01 $118,300 (6.5%) $130,551 (0.4%) 0.00 44
2020-02-01 $119,900 (2.1%) $142,745 (6.3%) 0.00 41
2020-03-01 $127,750 (8.5%) $160,582 (18.4%) 0.00 34
2020-04-01 $138,450 (7.0%) $173,269 (16.5%) 0.00 31
2020-05-01 $199,500 (37.6%) $204,890 (30.9%) 0.00 23
2020-06-01 $183,750 (26.7%) $205,011 (19.0%) 0.00 24
2020-07-01 $124,850 (-6.7%) $163,870 (1.6%) 0.00 30
2020-08-01 $120,000 (-11.4%) $160,520 (2.3%) 0.00 26
2020-09-01 $145,750 (7.2%) $174,130 (15.9%) 0.00 28
2020-10-01 $129,900 (-3.7%) $161,514 (11.6%) 0.00 35
2020-11-01 $124,900 (-3.1%) $173,997 (21.8%) 0.00 31
2020-12-01 $103,650 (-19.3%) $140,413 (-5.1%) 0.00 20
2021-01-01 $108,500 (-8.3%) $142,054 (8.8%) 0.00 20
2021-02-01 $137,950 (15.1%) $221,685 (55.3%) 0.00 15
2021-03-01 $156,499 (22.5%) $241,906 (50.6%) 0.00 16
2021-04-01 $126,725 (-8.5%) $258,798 (49.4%) 0.00 16
2021-05-01 $114,900 (-42.4%) $280,410 (36.9%) 0.00 13
2021-06-01 $108,675 (-40.9%) $228,478 (11.5%) 0.00 19
2021-07-01 $134,700 (7.9%) $202,597 (23.6%) 0.00 24
2021-08-01 $157,850 (31.5%) $219,276 (36.6%) 0.00 21
2021-09-01 $177,400 (21.7%) $243,091 (39.6%) 0.00 18
2021-10-01 $184,900 (42.3%) $252,080 (56.1%) 0.00 18
2021-11-01 $184,900 (48.0%) $249,470 (43.4%) 0.00 15
2021-12-01 $141,725 (36.7%) $213,390 (52.0%) 0.00 14
2022-01-01 $148,900 (37.2%) $250,573 (76.4%) 0.00 14
2022-02-01 $199,222 (44.4%) $288,768 (30.3%) 0.00 14
2022-03-01 $180,950 (15.6%) $263,449 (8.9%) 0.00 16
2022-04-01 $217,222 (71.4%) $265,124 (2.4%) 0.00 20
2022-05-01 $198,561 (72.8%) $256,593 (-8.5%) 0.00 21
2022-06-01 $177,400 (63.2%) $242,899 (6.3%) 0.00 28
2022-07-01 $177,400 (31.7%) $240,154 (18.5%) 0.00 30
2022-08-01 $159,900 (1.3%) $211,955 (-3.3%) 0.00 30
2022-09-01 $144,950 (-18.3%) $203,287 (-16.4%) 0.00 32
2022-10-01 $170,000 (-8.1%) $245,614 (-2.6%) 0.00 33
2022-11-01 $190,224 (2.9%) $255,180 (2.3%) 0.00 30
2022-12-01 $199,900 (41.1%) $254,070 (19.1%) 0.00 25
2023-01-01 $232,927 (56.4%) $231,618 (-7.6%) 0.00 20
2023-02-01 $229,927 (15.4%) $219,833 (-23.9%) 0.00 19
2023-03-01 $235,988 (30.4%) $230,560 (-12.5%) 0.00 24
2023-04-01 $218,449 (0.6%) $237,064 (-10.6%) 0.00 21
2023-05-01 $234,950 (18.3%) $237,115 (-7.6%) 0.00 22
2023-06-01 $209,575 (18.1%) $238,590 (-1.8%) 0.00 20
2023-07-01 $202,450 (14.1%) $258,102 (7.5%) 0.00 23
2023-08-01 $258,888 (61.9%) $254,494 (20.1%) 0.00 22
2023-09-01 $239,500 (65.2%) $247,173 (21.6%) 0.00 27
2023-10-01 $239,975 (41.2%) $234,168 (-4.7%) 0.00 33
2023-11-01 $241,183 (26.8%) $244,177 (-4.3%) 0.00 37
2023-12-01 $244,900 (22.5%) $227,327 (-10.5%) 0.00 32
2024-01-01 $233,500 (0.3%) $220,266 (-4.9%) 0.00 34
2024-02-01 $267,383 (16.3%) $240,748 (9.5%) 0.00 27
2024-03-01 $259,900 (10.1%) $249,312 (8.1%) 0.00 31
2024-04-01 $239,900 (9.8%) $227,115 (-4.2%) 0.00 26
2024-05-01 $261,675 (11.4%) $241,792 (2.0%) 0.00 30
2024-06-01 $264,900 (26.4%) $245,234 (2.8%) 0.00 29
2024-07-01 $260,718 (28.8%) $252,024 (-2.4%) 0.00 37
2024-08-01 $262,949 (1.6%) $249,888 (-1.8%) 0.00 33
2024-09-01 $250,000 (4.4%) $247,328 (0.1%) 0.00 31
2024-10-01 $217,250 (-9.5%) $233,187 (-0.4%) 0.00 30
2024-11-01 $218,500 (-9.4%) $235,496 (-3.6%) 0.00 24
2024-12-01 $259,439 (5.9%) $249,441 (9.7%) 0.00 26
2025-01-01 $234,550 (0.5%) $231,667 (5.2%) 0.00 22
2025-02-01 $235,250 (-12.0%) $235,368 (-2.2%) 0.00 25
2025-03-01 $238,700 (-8.2%) $257,604 (3.3%) 0.00 24
Decatur's median listing price for 2025-03-01 was $238,700, a difference of $-21,200 (-8.2%) versus the prior year and $3,450 versus the prior month.

Decatur's median listing price comes in at 0% of the national average.

Decatur's average listing price for 2025-03-01 was $257,604, a difference of $8,292 (3.3%) versus the prior year and $22,236 versus the prior month.

For the 2025-03-01 period, Decatur had 24 MLS listings, a difference of -1 listings (-4%) versus the prior month and -7 listings (-23%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Decatur (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,543 sqft
2018-02-01 0 days 1,614 sqft
2018-03-01 0 days 1,581 sqft
2018-04-01 0 days 1,686 sqft
2018-05-01 0 days 1,573 sqft
2018-06-01 0 days 1,441 sqft
2018-07-01 0 days 1,680 sqft
2018-08-01 0 days 1,691 sqft
2018-09-01 0 days 1,616 sqft
2018-10-01 0 days 1,583 sqft
2018-11-01 0 days 1,583 sqft
2018-12-01 0 days 1,591 sqft
2019-01-01 0 days 1,574 sqft
2019-02-01 0 days 1,728 sqft
2019-03-01 0 days 1,675 sqft
2019-04-01 0 days 1,657 sqft
2019-05-01 0 days 1,802 sqft
2019-06-01 0 days 1,812 sqft
2019-07-01 0 days 1,772 sqft
2019-08-01 0 days 1,737 sqft
2019-09-01 0 days 1,690 sqft
2019-10-01 0 days 1,662 sqft
2019-11-01 0 days 1,652 sqft
2019-12-01 0 days 1,662 sqft
2020-01-01 0 days 1,675 sqft
2020-02-01 0 days 1,772 sqft
2020-03-01 0 days 1,756 sqft
2020-04-01 0 days 1,767 sqft
2020-05-01 0 days 1,804 sqft
2020-06-01 0 days 1,956 sqft
2020-07-01 0 days 1,813 sqft
2020-08-01 0 days 1,562 sqft
2020-09-01 0 days 1,902 sqft
2020-10-01 0 days 1,792 sqft
2020-11-01 0 days 1,730 sqft
2020-12-01 0 days 1,581 sqft
2021-01-01 0 days 1,467 sqft
2021-02-01 0 days 1,461 sqft
2021-03-01 0 days 1,551 sqft
2021-04-01 0 days 1,785 sqft
2021-05-01 0 days 1,850 sqft
2021-06-01 0 days 1,722 sqft
2021-07-01 0 days 1,728 sqft
2021-08-01 0 days 1,800 sqft
2021-09-01 0 days 1,827 sqft
2021-10-01 0 days 2,003 sqft
2021-11-01 0 days 2,018 sqft
2021-12-01 0 days 2,024 sqft
2022-01-01 0 days 1,751 sqft
2022-02-01 0 days 1,766 sqft
2022-03-01 0 days 1,708 sqft
2022-04-01 0 days 2,002 sqft
2022-05-01 0 days 1,894 sqft
2022-06-01 0 days 1,797 sqft
2022-07-01 0 days 1,803 sqft
2022-08-01 0 days 1,651 sqft
2022-09-01 0 days 1,604 sqft
2022-10-01 0 days 1,680 sqft
2022-11-01 0 days 1,820 sqft
2022-12-01 0 days 1,606 sqft
2023-01-01 0 days 1,482 sqft
2023-02-01 0 days 1,476 sqft
2023-03-01 0 days 1,645 sqft
2023-04-01 0 days 1,588 sqft
2023-05-01 0 days 1,522 sqft
2023-06-01 0 days 1,868 sqft
2023-07-01 0 days 1,940 sqft
2023-08-01 0 days 1,824 sqft
2023-09-01 0 days 1,830 sqft
2023-10-01 0 days 1,792 sqft
2023-11-01 0 days 1,763 sqft
2023-12-01 0 days 1,735 sqft
2024-01-01 0 days 1,735 sqft
2024-02-01 0 days 1,792 sqft
2024-03-01 0 days 1,790 sqft
2024-04-01 0 days 1,721 sqft
2024-05-01 0 days 1,710 sqft
2024-06-01 0 days 1,712 sqft
2024-07-01 0 days 1,713 sqft
2024-08-01 0 days 1,755 sqft
2024-09-01 0 days 1,743 sqft
2024-10-01 0 days 1,728 sqft
2024-11-01 0 days 1,601 sqft
2024-12-01 0 days 1,612 sqft
2025-01-01 0 days 1,601 sqft
2025-02-01 0 days 1,670 sqft
2025-03-01 0 days 1,747 sqft
Decatur's median listing age (time on market) for 2025-03-01 was 0 days.

Decatur's median square footage for active listings during the 2025-03-01 period was 1,747 sqft. One year prior, the average listing was 1,790 sqft.

Decatur, IN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 324 $61,050,000 $188,426
Other 149 $10,035,000 $67,349
Cash Out Refi 103 $13,535,000 $131,408
Refi 100 $13,900,000 $139,000
Home Improvement 98 $6,120,000 $62,449

Decatur's most frequently cited loan purpose was Home Purchase, with 324 originations. The 2nd most popular reason was Other, with 149 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 244 $40,170,000 $164,631
Over 8% 181 $12,965,000 $71,630
7-8% 142 $21,600,000 $152,113
5-6% 36 $9,340,000 $259,444
<2.5% 4 $40,000 $10,000
4-5% 2 $310,000 $155,000

During 2024, Decatur's most frequently originated rate bucket was 6-7%, with 244 originations.

Loan Sizing (Decatur, IN MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 339 $17,155,000 $50,605
$100k-200k 296 $42,200,000 $142,568
$200k-400k 122 $33,300,000 $272,951
$400k-600k 10 $4,880,000 $488,000
$600k-1000k 5 $3,995,000 $799,000
$Over $1MM 2 $3,110,000 $1,555,000

Decatur's loan sizing saw the bucket of loans from $100,000 or less with 339 originations, totaling $17,155,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 194 $38,580,000 $198,866
Under 20% 130 $5,310,000 $40,846
20-40% 118 $10,570,000 $89,576
60-80% 103 $20,605,000 $200,049
40-60% 60 $8,280,000 $138,000
Over 100% 3 $765,000 $255,000

Decatur's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 194 originations, totaling $38,580,000 in origination value.