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 6.87% 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 6.7% and one month ago for the week of 2024-10-03, the average rate was 6.1%.

    Decatur's average rate one year ago was 7.64%.

    For refis of the same type during the week of 2024-11-07, the average rate was 6.89%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Decatur 30 Year Fixed Rate 2024-11-07 6.87%
    Decatur 30 Year Fixed Rate Refi 2024-11-07 6.89%
    Decatur 15 Year Fixed Rate 2024-11-07 5.9%
    Decatur 15 Year Fixed Rate Refi 2024-11-07 6.1%
    Decatur 30 Year FHA 2024-11-07 6.53%
    Decatur 30 Year FHA Refi 2024-11-07 6.43%
    Decatur 30 Year USDA 2024-11-07 6.28%
    Decatur 30 Year USDA Refi 2024-11-07 6.68%
    Decatur 30 Year VA 2024-11-07 6.44%
    Decatur 30 Year VA Refi 2024-11-07 6.44%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    The Farmers & Merchants State Bank 66 6.46% $3,602
    RUOFF MORTGAGE COMPANY, INC. 31 7.05% $2,343
    Three Rivers Federal Credit Union 13 6.97% $2,588
    First Merchants Bank 12 6.99% $2,921
    THRIVE MORTGAGE, LLC 11 6.90% $3,866
    ProFed Federal Credit Union 7 6.23% $2,244
    HALLMARK HOME MORTGAGE, LLC 7 7.43% $3,877
    TEACHERS CREDIT UNION 6 7.15% $2,335
    Fifth Third Bank 5 7.15% $2,761
    MIDWEST AMERICA 5 7.65% $2,243
    GVC MORTGAGE, INC. 5 7.05% $4,694
    JPMorgan Chase Bank 4 6.84% $3,013
    Farm Credit Mid-America, ACA 3 7.38% $4,317
    The Huntington National Bank 3 7.08% $2,422
    V.I.P. MORTGAGE, INC. 2 7.38% $3,051
    NEWREZ LLC 2 7.00% $4,118
    Old National Bank 2 7.25% $2,398
    QUICKEN LOANS, LLC 2 6.62% $4,108
    VAN DYK MORTGAGE CORPORATION 2 7.56% $3,366
    ACADEMY MORTGAGE CORPORATION 2 6.63% $4,957
    Northwest Bank 1 6.88% $2,916
    UNION HOME MORTGAGE CORP. 1 7.88% $2,816
    Flagstar Bank, FSB 1 7.13% $6,423
    U.S. Bank 1 6.63% $2,545
    First United Bank and Trust Company 1 7.63% $3,570
    FIRST COMMUNITY MORTGAGE, INC. 1 7.13% $1,789
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.13% $2,915
    Crossroads Bank 1 5.25% $1,732
    CROSSCOUNTRY MORTGAGE, LLC 1 6.63% $3,906
    GSF Mortgage Corporation 1 5.50% $2,806
    LOANDEPOT.COM, LLC 1 7.50% $4,906
    FORT FINANCIAL Federal Credit Union 1 8.00% $2,545
    Mr. Cooper ( Nationstar Mortgage ) 1 5.99% $6,031
    Centra Credit Union 1 5.63% $2,907

    Decatur Average Closing Costs & Other Stats

    Decatur, IN's 34 lenders originated 647 loans during 2023. The total origination value was $86,995,000, with an average loan value of $134,459.

    Decatur's average closing costs are $3,141.

    The top Decatur lender as defined by loan originations is The Farmers & Merchants State Bank, with 66 loans originated. Their average total fees are $3,602, which is $1,259 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Decatur lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($2,343), Three Rivers Federal Credit Union ($2,588), First Merchants Bank ($2,921), The Farmers & Merchants State Bank ($3,602) and THRIVE MORTGAGE, LLC ($3,866).

    The lowest rate Decatur lenders (with over 10 loans originated) are The Farmers & Merchants State Bank (6.46%), THRIVE MORTGAGE, LLC (6.90%), Three Rivers Federal Credit Union (6.97%), First Merchants Bank (6.99%) and RUOFF MORTGAGE COMPANY, INC. (7.05%).

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    The Farmers & Merchants State Bank $26,810,000 $21,140,000 -21.1% 24.3%
    First Bank of Berne $16,360,000 $11,210,000 -31.5% 12.9%
    RUOFF MORTGAGE COMPANY, INC. $11,905,000 $8,045,000 -32.4% 9.2%
    First Merchants Bank $6,920,000 $6,035,000 -12.8% 6.9%
    Three Rivers Federal Credit Union $9,485,000 $4,995,000 -47.3% 5.7%
    THRIVE MORTGAGE, LLC $210,000 $3,710,000 1,666.7% 4.3%
    ProFed Federal Credit Union $3,560,000 $2,795,000 -21.5% 3.2%
    Fifth Third Bank $5,990,000 $2,560,000 -57.3% 2.9%
    MIDWEST AMERICA $3,980,000 $2,560,000 -35.7% 2.9%
    QUICKEN LOANS, LLC $3,020,000 $2,085,000 -31.0% 2.4%
    TEACHERS CREDIT UNION $1,105,000 $1,590,000 43.9% 1.8%
    Union Savings And Loan Association $1,320,000 n/a 1.5%
    The Huntington National Bank $415,000 $1,235,000 197.6% 1.4%
    HALLMARK HOME MORTGAGE, LLC $175,000 $1,220,000 597.1% 1.4%
    GVC MORTGAGE, INC. $1,600,000 $1,145,000 -28.4% 1.3%
    LOANDEPOT.COM, LLC $1,260,000 $1,140,000 -9.5% 1.3%
    ACADEMY MORTGAGE CORPORATION $555,000 $780,000 40.5% 0.9%
    JPMorgan Chase Bank $820,000 $780,000 -4.9% 0.9%
    Nations Lending Corporation $775,000 n/a 0.9%
    Farm Credit Mid-America, ACA $1,325,000 $770,000 -41.9% 0.9%
    NEWREZ LLC $115,000 $620,000 439.1% 0.7%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $385,000 $600,000 55.8% 0.7%
    AMERISAVE MORTGAGE CORPORATION $575,000 $595,000 3.5% 0.7%
    Mortgage Research Center, LLC $1,140,000 $525,000 -53.9% 0.6%
    V.I.P. MORTGAGE, INC. $305,000 $435,000 42.6% 0.5%
    FREEDOM MORTGAGE CORPORATION $930,000 $410,000 -55.9% 0.5%
    CROSSCOUNTRY MORTGAGE, LLC $970,000 $395,000 -59.3% 0.5%
    Flagstar Bank, FSB $1,610,000 $395,000 -75.5% 0.5%
    The Federal Savings Bank $365,000 n/a 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $260,000 $350,000 34.6% 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $85,000 $350,000 311.8% 0.4%
    PARTNERS 1ST Federal Credit Union $315,000 n/a 0.4%
    Old National Bank $405,000 $290,000 -28.4% 0.3%
    EQUITY RESOURCES, INC. $250,000 n/a 0.3%
    CARDINAL FINANCIAL $245,000 n/a 0.3%
    Crossroads Bank $230,000 n/a 0.3%
    UNION HOME MORTGAGE CORP. $365,000 $230,000 -37.0% 0.3%
    LENDINGHOME FUNDING CORPORATION $215,000 n/a 0.2%
    Northwest Bank $215,000 n/a 0.2%
    U.S. Bank $240,000 $200,000 -16.7% 0.2%
    VAN DYK MORTGAGE CORPORATION $230,000 $200,000 -13.0% 0.2%
    PNC Bank $1,850,000 $195,000 -89.5% 0.2%
    Centra Credit Union $185,000 n/a 0.2%
    BROKER SOLUTIONS, INC. $260,000 $175,000 -32.7% 0.2%
    PENNYMAC LOAN SERVICES, LLC $160,000 $170,000 6.3% 0.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $130,000 $165,000 26.9% 0.2%
    FIRST COMMUNITY MORTGAGE, INC. $155,000 n/a 0.2%
    MICHIGAN MUTUAL, INC. $155,000 n/a 0.2%
    MEMBER FIRST MORTGAGE, LLC $85,000 $145,000 70.6% 0.2%
    Bank of England $135,000 n/a 0.2%
    Barrington Bank & Trust Company, N.A. $135,000 n/a 0.2%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $125,000 n/a 0.1%
    First United Bank and Trust Company $125,000 n/a 0.1%
    GSF Mortgage Corporation $165,000 $125,000 -24.2% 0.1%
    Discover Bank $120,000 n/a 0.1%
    FORT FINANCIAL Federal Credit Union $115,000 n/a 0.1%
    SUPERIOR FINANCIAL SOLUTIONS, LLC $105,000 n/a 0.1%
    Union Savings Bank $815,000 $95,000 -88.3% 0.1%
    Figure Lending LLC $15,000 $80,000 433.3% 0.1%
    Lake City Bank $80,000 n/a 0.1%
    FORUM Credit Union $75,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $65,000 $75,000 15.4% 0.1%
    AG Credit, Agricultural Credit Association $325,000 $65,000 -80.0% 0.1%
    BEACON CREDIT UNION $180,000 $65,000 -63.9% 0.1%
    Citizens State Bank of New Castle $25,000 $55,000 120.0% 0.1%
    FINANCE OF AMERICA REVERSE LLC $55,000 n/a 0.1%
    Wells Fargo Bank $185,000 $55,000 -70.3% 0.1%
    First Federal Savings Bank $35,000 $45,000 28.6% 0.1%
    Citizens Bank $25,000 n/a 0.0%

    Decatur's top lender by overall market share is The Farmers & Merchants State Bank, with 24.3% market share. In second place, with 12.9%, is First Bank of Berne, having originated $11,210,000 in loans. In third place, with 9.2%, is RUOFF MORTGAGE COMPANY, INC., having originated $8,045,000 in loans. In fourth place, with 6.9%, is First Merchants Bank, having originated $6,035,000 in loans. In fifth place, with 5.7%, is Three Rivers Federal Credit Union, having originated $4,995,000 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 33
    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 $265,449 (13.0%) $241,704 (1.9%) 0.00 30
    2024-06-01 $265,998 (26.9%) $245,457 (2.9%) 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
    Decatur's median listing price for 2024-10-01 was $217,250, a difference of $-22,725 (-9.5%) versus the prior year and $-32,750 versus the prior month.

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

    Decatur's average listing price for 2024-10-01 was $233,187, a difference of $-981 (-0.4%) versus the prior year and $-14,141 versus the prior month.

    For the 2024-10-01 period, Decatur had 30 MLS listings, a difference of -1 listings (-3%) versus the prior month and -3 listings (-9%) 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 1,656 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 1,731 sqft
    2024-06-01 0 days 1,707 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
    Decatur's median listing age (time on market) for 2024-10-01 was 0 days.

    Decatur's median square footage for active listings during the 2024-10-01 period was 1,728 sqft. One year prior, the average listing was 1,792 sqft.

    Decatur, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 296 $53,060,000 $179,257
    Cash Out Refi 130 $16,090,000 $123,769
    Other 98 $6,050,000 $61,735
    Refi 68 $8,510,000 $125,147
    Home Improvement 55 $3,285,000 $59,727

    Decatur's most frequently cited loan purpose was Home Purchase, with 296 originations. The 2nd most popular reason was Cash Out Refi, with 130 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 178 $28,340,000 $159,213
    Over 8% 172 $11,140,000 $64,767
    7-8% 157 $22,325,000 $142,197
    5-6% 69 $11,575,000 $167,754
    4-5% 8 $1,060,000 $132,500
    <2.5% 4 $20,000 $5,000

    During 2023, Decatur's most frequently originated rate bucket was 6-7%, with 178 originations.

    Loan Sizing (Decatur, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 302 $15,730,000 $52,086
    $100k-200k 214 $30,340,000 $141,776
    $200k-400k 118 $31,810,000 $269,576
    $400k-600k 8 $3,840,000 $480,000
    $600k-1000k 4 $3,070,000 $767,500
    $Over $1MM 1 $2,205,000 $2,205,000

    Decatur's loan sizing saw the bucket of loans from $100,000 or less with 302 originations, totaling $15,730,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 195 $36,685,000 $188,128
    Under 20% 127 $5,235,000 $41,220
    20-40% 111 $8,695,000 $78,333
    60-80% 92 $15,260,000 $165,870
    40-60% 60 $8,070,000 $134,500
    Over 100% 3 $435,000 $145,000

    Decatur's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 195 originations, totaling $36,685,000 in origination value.