Decatur Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Decatur averaged
6.2%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6% and
one month ago for the week of 2024-09-05, the
average rate was 6.63%.
Decatur's average rate one year ago was 7.57%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.42%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Decatur 30 Year Fixed Rate | 2024-10-10 | 6.2% |
Decatur 30 Year Fixed Rate Refi | 2024-10-10 | 6.42% |
Decatur 15 Year Fixed Rate | 2024-10-10 | 5.41% |
Decatur 15 Year Fixed Rate Refi | 2024-10-10 | 5.91% |
Decatur 30 Year FHA | 2024-10-10 | 6.1% |
Decatur 30 Year FHA Refi | 2024-10-10 | 6.2% |
Decatur 30 Year USDA | 2024-10-10 | 6.28% |
Decatur 30 Year USDA Refi | 2024-10-10 | 5.98% |
Decatur 30 Year VA | 2024-10-10 | 5.75% |
Decatur 30 Year VA Refi | 2024-10-10 | 5.95% |
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.).
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. LouisDate | 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 |
Decatur's median listing price comes in at 0% of the national average.
Decatur's average listing price for 2024-09-01 was $247,328, a difference of $155 (0.1%) versus the prior year and $-2,560 versus the prior month.
For the 2024-09-01 period, Decatur had 31 MLS listings, a difference of -2 listings (-6%) versus the prior month and 4 listings (15%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Decatur (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
Decatur's median square footage for active listings during the 2024-09-01 period was 1,743 sqft. One year prior, the average listing was 1,830 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.