Decatur 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 Decatur averaged 6.86% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.74% and one month ago for the week of 2023-02-16, the average rate was 6.56%.

    Decatur's average rate one year ago was 4.14%.

    For refis of the same type during the week of 2023-03-23, the average rate was 6.75%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Decatur 30 Year Fixed Rate 2023-03-23 6.86%
    Decatur 30 Year Fixed Rate Refi 2023-03-23 6.75%
    Decatur 15 Year Fixed Rate 2023-03-23 6.67%
    Decatur 15 Year Fixed Rate Refi 2023-03-23 6.2%
    Decatur 30 Year FHA 2023-03-23 6.44%
    Decatur 30 Year FHA Refi 2023-03-23 6.05%
    Decatur 30 Year USDA 2023-03-23 6.48%
    Decatur 30 Year USDA Refi 2023-03-23 5.89%
    Decatur 30 Year VA 2023-03-23 6.3%
    Decatur 30 Year VA Refi 2023-03-23 6.04%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    The Farmers & Merchants State Bank 85 4.34% $3,109
    First Bank of Berne 59 4.90% $2,025
    RUOFF MORTGAGE COMPANY, INC. 40 5.25% $2,380
    Three Rivers Federal Credit Union 24 5.11% $2,518
    AMERICAN MORTGAGE SERVICE COMPANY 13 5.23% $2,343
    Fifth Third Bank 13 5.30% $2,769
    First Merchants Bank 11 4.77% $2,399
    ProFed Federal Credit Union 10 5.33% $2,242
    QUICKEN LOANS, LLC 9 5.60% $5,579
    TEACHERS CREDIT UNION 7 5.96% $2,570
    MIDWEST AMERICA 7 5.32% $2,748
    JPMorgan Chase Bank 5 4.65% $2,939
    Flagstar Bank, FSB 4 5.62% $2,519
    GVC MORTGAGE, INC. 4 5.06% $3,136
    Farm Credit Mid-America, ACA 4 5.08% $3,321
    CROSSCOUNTRY MORTGAGE, LLC 3 3.83% $2,799
    Union Savings Bank 3 4.13% $1,841
    1st Source Bank 2 5.31% $1,935
    PENNYMAC LOAN SERVICES, LLC 2 4.56% $5,579
    LOANDEPOT.COM, LLC 2 4.31% $4,693
    BETTER MORTGAGE CORPORATION 2 4.06% $3,579
    VAN DYK MORTGAGE CORPORATION 2 5.13% $3,632
    CHURCHILL MORTGAGE CORPORATION 2 4.75% $3,505
    Old National Bank 1 4.79% $299
    PNC Bank 1 4.00% $2,641
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.13% $7,156
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.38% $3,982
    ROYAL UNITED MORTGAGE LLC 1 5.00% $4,708
    The Huntington National Bank 1 6.50% $3,415
    The Park National Bank 1 5.13% $2,248
    The State Bank and Trust Company 1 3.25% $2,156
    THRIVE MORTGAGE, LLC 1 6.50% $2,039
    UNION HOME MORTGAGE CORP. 1 6.00% $3,023
    UNITED WHOLESALE MORTGAGE, LLC 1 6.90% $2,226
    Wells Fargo Bank 1 4.38% $222
    WesBanco Bank, Inc. 1 7.63% $3,359
    WRIGHT-PATT CREDIT UNION, INC. 1 5.63% $1,934
    AMERICAN FINANCING CORPORATION 1 6.00% $3,687
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.88% $4,380
    BEACON CREDIT UNION 1 6.88% $1,922
    BROKER SOLUTIONS, INC. 1 6.63% $6,874
    CALIBER HOME LOANS, INC. 1 6.50% $4,810
    Carrington Mortgage Services, LLC 1 4.88% $4,871
    CRANE 1 3.50% $1,845
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 5.75% $2,175
    EMBRACE HOME LOANS, INC. 1 5.99% $3,337
    First Farmers Bank and Trust Company 1 4.63% $2,985
    FREEDOM MORTGAGE CORPORATION 1 4.75% $2,949
    GENEVA FINANCIAL, LLC 1 4.88% $5,427
    GSF Mortgage Corporation 1 3.38% $1,443
    HALLMARK HOME MORTGAGE, LLC 1 4.00% $3,347
    Hometown Lenders, Inc. 1 6.50% $4,857
    LAKEVIEW LOAN SERVICING, LLC 1 3.50% $6,732
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 1 6.13% $2,977
    Mortgage Research Center, LLC 1 4.13% $458
    Morton Community Bank 1 4.13% $1,925
    Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $6,455
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.00% $4,382
    NAVY FEDERAL CREDIT UNION 1 4.63% $1,262

    Decatur Average Closing Costs & Other Stats

    Decatur, IN's 59 lenders originated 907 loans during 2022. The total origination value was $122,045,000, with an average loan value of $134,559.

    Decatur's average closing costs are $3,010.

    The top Decatur lender as defined by loan originations is The Farmers & Merchants State Bank, with 85 loans originated. Their average total fees are $3,109, which is $1,084 higher than the next largest lender, First Bank of Berne.

    The lowest fee Decatur lenders (with over 10 loans originated) are First Bank of Berne ($2,025), ProFed Federal Credit Union ($2,242), AMERICAN MORTGAGE SERVICE COMPANY ($2,343), RUOFF MORTGAGE COMPANY, INC. ($2,380) and First Merchants Bank ($2,399).

    The lowest rate Decatur lenders (with over 10 loans originated) are The Farmers & Merchants State Bank (4.34%), First Merchants Bank (4.77%), First Bank of Berne (4.90%), Three Rivers Federal Credit Union (5.11%) and AMERICAN MORTGAGE SERVICE COMPANY (5.23%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    The Farmers & Merchants State Bank $17,930,000 $26,810,000 49.5% 22.0%
    First Bank of Berne $22,300,000 $16,360,000 -26.6% 13.4%
    RUOFF MORTGAGE COMPANY, INC. $17,125,000 $11,905,000 -30.5% 9.8%
    Three Rivers Federal Credit Union $12,230,000 $9,485,000 -22.4% 7.8%
    First Merchants Bank $10,650,000 $6,920,000 -35.0% 5.7%
    Fifth Third Bank $7,700,000 $5,990,000 -22.2% 4.9%
    MIDWEST AMERICA $5,330,000 $3,980,000 -25.3% 3.3%
    ProFed Federal Credit Union $5,745,000 $3,560,000 -38.0% 2.9%
    AMERICAN MORTGAGE SERVICE COMPANY $3,180,000 $3,200,000 0.6% 2.6%
    QUICKEN LOANS, LLC $7,195,000 $3,020,000 -58.0% 2.5%
    PNC Bank $475,000 $1,850,000 289.5% 1.5%
    Flagstar Bank, FSB $2,175,000 $1,610,000 -26.0% 1.3%
    GVC MORTGAGE, INC. $1,375,000 $1,600,000 16.4% 1.3%
    Community First Bank of Indiana $1,415,000 n/a 1.2%
    Farm Credit Mid-America, ACA $5,895,000 $1,325,000 -77.5% 1.1%
    LOANDEPOT.COM, LLC $585,000 $1,260,000 115.4% 1.0%
    Mortgage Research Center, LLC $600,000 $1,140,000 90.0% 0.9%
    TEACHERS CREDIT UNION $1,230,000 $1,105,000 -10.2% 0.9%
    CROSSCOUNTRY MORTGAGE, LLC $730,000 $970,000 32.9% 0.8%
    FREEDOM MORTGAGE CORPORATION $2,995,000 $930,000 -68.9% 0.8%
    JPMorgan Chase Bank $855,000 $820,000 -4.1% 0.7%
    Union Savings Bank $1,295,000 $815,000 -37.1% 0.7%
    CALIBER HOME LOANS, INC. $1,980,000 $745,000 -62.4% 0.6%
    CHURCHILL MORTGAGE CORPORATION $425,000 $595,000 40.0% 0.5%
    AMERISAVE MORTGAGE CORPORATION $730,000 $575,000 -21.2% 0.5%
    ACADEMY MORTGAGE CORPORATION $125,000 $555,000 344.0% 0.5%
    The Central Trust Bank $555,000 n/a 0.5%
    Carrington Mortgage Services, LLC $415,000 $480,000 15.7% 0.4%
    1st Source Bank $65,000 $440,000 576.9% 0.4%
    The Huntington National Bank $300,000 $415,000 38.3% 0.3%
    Old National Bank $570,000 $405,000 -28.9% 0.3%
    BETTER MORTGAGE CORPORATION $400,000 n/a 0.3%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $1,890,000 $385,000 -79.6% 0.3%
    UNION HOME MORTGAGE CORP. $1,625,000 $365,000 -77.5% 0.3%
    Third Federal Savings and Loan Association of Cleveland $340,000 n/a 0.3%
    AG Credit, Agricultural Credit Association $325,000 n/a 0.3%
    Morton Community Bank $305,000 n/a 0.2%
    NAVY FEDERAL CREDIT UNION $395,000 $305,000 -22.8% 0.2%
    V.I.P. MORTGAGE, INC. $305,000 n/a 0.2%
    UNITED WHOLESALE MORTGAGE, LLC $395,000 $300,000 -24.1% 0.2%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $265,000 n/a 0.2%
    BROKER SOLUTIONS, INC. $460,000 $260,000 -43.5% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $260,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $580,000 $260,000 -55.2% 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $225,000 $260,000 15.6% 0.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $255,000 n/a 0.2%
    Horizon Bank $155,000 $245,000 58.1% 0.2%
    U.S. Bank $435,000 $240,000 -44.8% 0.2%
    The Genoa Banking Company $235,000 n/a 0.2%
    THRIVENT Federal Credit Union $85,000 $235,000 176.5% 0.2%
    VAN DYK MORTGAGE CORPORATION $135,000 $230,000 70.4% 0.2%
    THRIVE MORTGAGE, LLC $210,000 n/a 0.2%
    First Farmers Bank and Trust Company $185,000 n/a 0.2%
    POLARIS HOME FUNDING CORP. $445,000 $185,000 -58.4% 0.2%
    Wells Fargo Bank $1,350,000 $185,000 -86.3% 0.2%
    AMERICAN FINANCING CORPORATION $240,000 $180,000 -25.0% 0.1%
    BEACON CREDIT UNION $180,000 n/a 0.1%
    First Financial Bank $1,035,000 $180,000 -82.6% 0.1%
    HALLMARK HOME MORTGAGE, LLC $325,000 $175,000 -46.2% 0.1%
    GSF Mortgage Corporation $165,000 n/a 0.1%
    GUARANTEED RATE, INC. $170,000 $165,000 -2.9% 0.1%
    PENTAGON FEDERAL CREDIT UNION $165,000 n/a 0.1%
    PENNYMAC LOAN SERVICES, LLC $890,000 $160,000 -82.0% 0.1%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $155,000 n/a 0.1%
    CRANE $155,000 n/a 0.1%
    EMBRACE HOME LOANS, INC. $155,000 n/a 0.1%
    Hometown Lenders, Inc. $155,000 n/a 0.1%
    NEW DAY FINANCIAL, LLC $210,000 $155,000 -26.2% 0.1%
    The Garrett State Bank $155,000 n/a 0.1%
    The State Bank and Trust Company $145,000 n/a 0.1%
    Truist $45,000 $145,000 222.2% 0.1%
    First Federal Bank of the Midwest $135,000 n/a 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $105,000 $130,000 23.8% 0.1%
    1ST SIGNATURE LENDING, LLC $125,000 n/a 0.1%
    NFM, INC. $125,000 n/a 0.1%
    The Park National Bank $220,000 $125,000 -43.2% 0.1%
    Centier Bank $120,000 n/a 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $115,000 n/a 0.1%
    AMERIFIRST FINANCIAL CORPORATION $185,000 $115,000 -37.8% 0.1%
    NEWREZ LLC $680,000 $115,000 -83.1% 0.1%
    WesBanco Bank, Inc. $105,000 n/a 0.1%
    WRIGHT-PATT CREDIT UNION, INC. $105,000 n/a 0.1%
    GENEVA FINANCIAL, LLC $95,000 n/a 0.1%
    MEMBER FIRST MORTGAGE, LLC $85,000 n/a 0.1%
    M&T Bank $85,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $85,000 n/a 0.1%
    INDIANA UNIVERSITY CREDIT UNION $55,000 $75,000 36.4% 0.1%
    LIMA ONE CAPITAL, LLC $75,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $310,000 $65,000 -79.0% 0.1%
    Northpointe Bank $55,000 n/a 0.0%
    First Federal Savings Bank $135,000 $35,000 -74.1% 0.0%
    SPRING EQ, LLC $35,000 n/a 0.0%
    STAR Financial Bank $105,000 $35,000 -66.7% 0.0%
    Citizens State Bank of New Castle $25,000 n/a 0.0%
    Figure Lending LLC $15,000 n/a 0.0%

    Decatur's top lender by overall market share is The Farmers & Merchants State Bank, with 22.0% market share. In second place, with 13.4%, is First Bank of Berne, having originated $16,360,000 in loans. In third place, with 9.8%, is RUOFF MORTGAGE COMPANY, INC., having originated $11,905,000 in loans. In fourth place, with 7.8%, is Three Rivers Federal Credit Union, having originated $9,485,000 in loans. In fifth place, with 5.7%, is First Merchants Bank, having originated $6,920,000 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 22
    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%) $213,010 (-2.9%) 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
    Decatur's median listing price for 2023-02-01 was $229,927, a difference of $30,705 (15.4%) versus the prior year and $-3,000 versus the prior month.

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

    Decatur's average listing price for 2023-02-01 was $219,833, a difference of $-68,935 (-23.9%) versus the prior year and $-11,785 versus the prior month.

    For the 2023-02-01 period, Decatur had 19 MLS listings, a difference of -1 listings (-5%) versus the prior month and 5 listings (36%) 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 1,669 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
    Decatur's median listing age (time on market) for 2023-02-01 was 0 days.

    Decatur's median square footage for active listings during the 2023-02-01 period was 1,476 sqft. One year prior, the average listing was 1,766 sqft.

    Decatur, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 387 $65,615,000 $169,548
    Cash Out Refi 168 $24,150,000 $143,750
    Other 149 $9,335,000 $62,651
    Refi 133 $18,065,000 $135,827
    Home Improvement 70 $4,880,000 $69,714

    Decatur's most frequently cited loan purpose was Home Purchase, with 387 originations. The 2nd most popular reason was Cash Out Refi, with 168 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 235 $31,755,000 $135,128
    3-4% 202 $30,200,000 $149,505
    4-5% 188 $30,780,000 $163,723
    6-7% 113 $13,505,000 $119,513
    <2.5% 70 $6,700,000 $95,714
    2.5-3% 41 $4,175,000 $101,829
    7-8% 39 $3,955,000 $101,410
    Over 8% 16 $790,000 $49,375

    During 2022, Decatur's most frequently originated rate bucket was 5-6%, with 235 originations.

    Loan Sizing (Decatur, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 379 $21,125,000 $55,739
    $100k-200k 365 $51,725,000 $141,712
    $200k-400k 148 $39,410,000 $266,284
    $400k-600k 10 $4,720,000 $472,000
    $600k-1000k 3 $1,925,000 $641,667
    $Over $1MM 2 $3,140,000 $1,570,000

    Decatur's loan sizing saw the bucket of loans from $100,000 or less with 379 originations, totaling $21,125,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 283 $48,955,000 $172,986
    60-80% 200 $34,350,000 $171,750
    20-40% 142 $12,840,000 $90,423
    Under 20% 137 $5,715,000 $41,715
    40-60% 119 $16,335,000 $137,269
    Over 100% 1 $205,000 $205,000

    Decatur's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 283 originations, totaling $48,955,000 in origination value.