Defiance Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Defiance averaged
6.97%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.8% and
one month ago for the week of 2025-05-15, the
average rate was 6.97%.
Defiance's average rate one year ago was 6.81%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.81%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Defiance 30 Year Fixed Rate | 2025-06-18 | 6.97% |
| Defiance 30 Year Fixed Rate Refi | 2025-06-18 | 6.81% |
| Defiance 15 Year Fixed Rate | 2025-06-18 | 5.96% |
| Defiance 15 Year Fixed Rate Refi | 2025-06-18 | 6.46% |
| Defiance 30 Year FHA | 2025-06-18 | 0.1% |
| Defiance 30 Year FHA Refi | 2025-06-18 | 0.1% |
| Defiance 30 Year USDA | 2025-06-18 | -0.1% |
| Defiance 30 Year USDA Refi | 2025-06-18 | 0.2% |
| Defiance 30 Year VA | 2025-06-18 | 0.1% |
| Defiance 30 Year VA Refi | 2025-06-18 | -0.2% |
Defiance 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 Defiance, 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.).
Defiance Average Closing Costs & Other Stats
Defiance, OH's 45 lenders originated 689
loans during 2024. The total origination value was $95,565,000, with an average loan value of
$138,701.
Defiance's average closing costs are $4,078.
The top Defiance lender as defined by loan originations is First Federal Bank of the Midwest, with
39 loans originated. Their average total fees are
$3,469, which is $864
lower than the next largest lender,
The State Bank and Trust Company.
The lowest fee Defiance lenders (with over 10 loans originated) are
The Farmers & Merchants State Bank ($3,292), First Federal Bank of the Midwest ($3,469), The Huntington National Bank ($3,612), The State Bank and Trust Company ($4,333) and QUICKEN LOANS, LLC ($5,665).
The lowest rate Defiance lenders (with over 10 loans originated) are
The State Bank and Trust Company (6.49%), QUICKEN LOANS, LLC (6.60%), The Farmers & Merchants State Bank (6.65%), First Federal Bank of the Midwest (6.70%) and The Huntington National Bank (6.75%).
Defiance, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| First Federal Bank of the Midwest | $13,135,000 | $12,735,000 | -3.0% | 13.3% |
| The State Bank and Trust Company | $11,320,000 | $12,295,000 | 8.6% | 12.9% |
| The Huntington National Bank | $12,025,000 | $11,005,000 | -8.5% | 11.5% |
| The Farmers & Merchants State Bank | $6,295,000 | $6,945,000 | 10.3% | 7.3% |
| QUICKEN LOANS, LLC | $4,715,000 | $5,825,000 | 23.5% | 6.1% |
| The Citizens National Bank of Bluffton | $5,250,000 | $3,990,000 | -24.0% | 4.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $4,040,000 | $3,820,000 | -5.4% | 4.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,195,000 | $3,305,000 | 176.6% | 3.5% |
| Mortgage Research Center, LLC | $1,805,000 | $2,525,000 | 39.9% | 2.6% |
| Superior Credit Union, Inc. | $3,170,000 | $2,390,000 | -24.6% | 2.5% |
| The Sherwood State Bank | $3,590,000 | $2,210,000 | -38.4% | 2.3% |
| Fifth Third Bank | $1,255,000 | $2,035,000 | 62.2% | 2.1% |
| Three Rivers Federal Credit Union | $1,455,000 | $1,455,000 | 0.0% | 1.5% |
| LOANDEPOT.COM, LLC | $305,000 | $1,155,000 | 278.7% | 1.2% |
| Civista Bank | $990,000 | $1,120,000 | 13.1% | 1.2% |
| NAVY FEDERAL CREDIT UNION | $280,000 | $1,055,000 | 276.8% | 1.1% |
| AG Credit, Agricultural Credit Association | $845,000 | n/a | 0.9% | |
| BROKER SOLUTIONS, INC. | $635,000 | $795,000 | 25.2% | 0.8% |
| MIDWEST AMERICA | $25,000 | $780,000 | 3,020.0% | 0.8% |
| EQUITY RESOURCES, INC. | $500,000 | $775,000 | 55.0% | 0.8% |
| NEWREZ LLC | $460,000 | $745,000 | 62.0% | 0.8% |
| Paramount Residential Mortgage Group, Inc. | $745,000 | n/a | 0.8% | |
| NEW DAY FINANCIAL, LLC | $530,000 | $675,000 | 27.4% | 0.7% |
| POLARIS HOME FUNDING CORP. | $825,000 | $480,000 | -41.8% | 0.5% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $730,000 | $475,000 | -34.9% | 0.5% |
| KeyBank | $575,000 | $450,000 | -21.7% | 0.5% |
| Wells Fargo Bank | $340,000 | $450,000 | 32.4% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $330,000 | $435,000 | 31.8% | 0.5% |
| GUARANTEED RATE, INC. | $95,000 | $420,000 | 342.1% | 0.4% |
| AMERICAN FINANCIAL NETWORK, INC. | $400,000 | n/a | 0.4% | |
| DAS Acquisition Company, LLC | $75,000 | $390,000 | 420.0% | 0.4% |
| UNION HOME MORTGAGE CORP. | $355,000 | $375,000 | 5.6% | 0.4% |
| JPMorgan Chase Bank | $895,000 | $360,000 | -59.8% | 0.4% |
| RUOFF MORTGAGE COMPANY, INC. | $980,000 | $360,000 | -63.3% | 0.4% |
| Magnolia Bank | $315,000 | n/a | 0.3% | |
| NFM, INC. | $305,000 | n/a | 0.3% | |
| Hometown Equity Mortgage, LLC | $300,000 | n/a | 0.3% | |
| VILLAGE CAPITAL MORTGAGE | $275,000 | n/a | 0.3% | |
| NBKC BANK | $265,000 | n/a | 0.3% | |
| Flagstar Bank, FSB | $220,000 | $255,000 | 15.9% | 0.3% |
| Third Federal Savings and Loan Association of Cleveland | $250,000 | n/a | 0.3% | |
| FIRST OHIO HOME FINANCE, INC. | $350,000 | $245,000 | -30.0% | 0.3% |
| HALLMARK HOME MORTGAGE, LLC | $140,000 | $245,000 | 75.0% | 0.3% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $360,000 | $245,000 | -31.9% | 0.3% |
| TOP FLITE FINANCIAL, INC. | $245,000 | n/a | 0.3% | |
| CARDINAL FINANCIAL | $255,000 | $235,000 | -7.8% | 0.2% |
| First National Bank of America | $235,000 | n/a | 0.2% | |
| The Federal Savings Bank | $525,000 | $235,000 | -55.2% | 0.2% |
| First Commonwealth Bank | $50,000 | $230,000 | 360.0% | 0.2% |
| CMG MORTGAGE, INC. | $225,000 | n/a | 0.2% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $215,000 | n/a | 0.2% | |
| ENDEAVOR CAPITAL, LLC. | $210,000 | n/a | 0.2% | |
| Directions Credit Union, Inc. | $205,000 | n/a | 0.2% | |
| MYCUMORTGAGE, LLC | $205,000 | n/a | 0.2% | |
| Discover Bank | $195,000 | n/a | 0.2% | |
| MOVEMENT MORTGAGE, LLC | $195,000 | $195,000 | 0.0% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $105,000 | $195,000 | 85.7% | 0.2% |
| The First National Bank of Pandora | $195,000 | n/a | 0.2% | |
| ALLIED MORTGAGE GROUP, INC. | $185,000 | n/a | 0.2% | |
| Century Mortgage Company DBA Century Lending Company | $185,000 | n/a | 0.2% | |
| First Federal Savings and Loan Association of Delta | $185,000 | n/a | 0.2% | |
| Ixonia Bank | $185,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $205,000 | $175,000 | -14.6% | 0.2% |
| Dollar Bank, Federal Savings Bank | $165,000 | n/a | 0.2% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,505,000 | $165,000 | -89.0% | 0.2% |
| First National Bank of Pennsylvania | $165,000 | n/a | 0.2% | |
| Figure Lending LLC | $115,000 | $160,000 | 39.1% | 0.2% |
| CALCON MUTUAL MORTGAGE LLC | $155,000 | n/a | 0.2% | |
| STOCKTON MORTGAGE CORPORATION | $155,000 | n/a | 0.2% | |
| Bankers' Bank | $145,000 | n/a | 0.2% | |
| The Union Bank Company | $200,000 | $145,000 | -27.5% | 0.2% |
| PENNYMAC LOAN SERVICES, LLC | $140,000 | n/a | 0.1% | |
| Farm Credit Mid-America, ACA | $650,000 | $135,000 | -79.2% | 0.1% |
| Citizens Bank | $155,000 | $130,000 | -16.1% | 0.1% |
| BEACON CREDIT UNION | $350,000 | $125,000 | -64.3% | 0.1% |
| GSF Mortgage Corporation | $125,000 | n/a | 0.1% | |
| U.S. Bank | $35,000 | $115,000 | 228.6% | 0.1% |
| Lake City Bank | $105,000 | n/a | 0.1% | |
| Coastal Community Bank | $240,000 | $90,000 | -62.5% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $215,000 | $85,000 | -60.5% | 0.1% |
| First Merchants Bank | $345,000 | $85,000 | -75.4% | 0.1% |
| 21ST MORTGAGE CORPORATION | $120,000 | $75,000 | -37.5% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $65,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $45,000 | $65,000 | 44.4% | 0.1% |
| GREENSTATE CREDIT UNION | $135,000 | $55,000 | -59.3% | 0.1% |
| SPRING EQ, LLC | $55,000 | n/a | 0.1% | |
| WRIGHT-PATT CREDIT UNION, INC. | $55,000 | n/a | 0.1% | |
| Transportation Federal Credit Union | $45,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $45,000 | $45,000 | 0.0% | 0.0% |
| AMERISAVE MORTGAGE CORPORATION | $250,000 | $35,000 | -86.0% | 0.0% |
| INOVA FEDERAL CREDIT UNION | $25,000 | n/a | 0.0% |
Defiance's top lender by overall market share is First Federal Bank of the Midwest, with 13.3% market share. In second place, with 12.9%, is The State Bank and Trust Company, having originated $12,295,000 in loans. In third place, with 11.5%, is The Huntington National Bank, having originated $11,005,000 in loans. In fourth place, with 7.3%, is The Farmers & Merchants State Bank, having originated $6,945,000 in loans. In fifth place, with 6.1%, is QUICKEN LOANS, LLC, having originated $5,825,000 in loans.
Defiance, OH Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 334 | $60,700,000 | $181,737 |
| Home Improvement | 114 | $6,580,000 | $57,719 |
| Cash Out Refi | 93 | $11,755,000 | $126,398 |
| Refi | 84 | $10,880,000 | $129,524 |
| Other | 64 | $5,650,000 | $88,281 |
Defiance's most frequently cited loan purpose was Home Purchase, with 334 originations. The 2nd most popular reason was Home Improvement, with 114 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 250 | $41,070,000 | $164,280 |
| Over 8% | 185 | $12,715,000 | $68,730 |
| 7-8% | 148 | $24,410,000 | $164,932 |
| 5-6% | 71 | $12,845,000 | $180,915 |
| 4-5% | 5 | $1,055,000 | $211,000 |
| <2.5% | 1 | $5,000 | $5,000 |
| 2.5-3% | 1 | $25,000 | $25,000 |
During 2024, Defiance's most frequently originated rate bucket was 6-7%, with 250 originations.
Loan Sizing (Defiance, OH MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 288 | $16,070,000 | $55,799 |
| $100k-200k | 272 | $39,080,000 | $143,676 |
| $200k-400k | 113 | $29,905,000 | $264,646 |
| $400k-600k | 9 | $4,225,000 | $469,444 |
| $600k-1000k | 5 | $3,755,000 | $751,000 |
| $Over $1MM | 2 | $2,530,000 | $1,265,000 |
Defiance's loan sizing saw the bucket of loans from $100,000 or less with 288 originations, totaling $16,070,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 265 | $51,755,000 | $195,302 |
| 60-80% | 130 | $20,420,000 | $157,077 |
| 20-40% | 120 | $8,400,000 | $70,000 |
| Under 20% | 88 | $2,770,000 | $31,477 |
| 40-60% | 52 | $6,260,000 | $120,385 |
| Over 100% | 1 | $115,000 | $115,000 |
Defiance's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 265 originations, totaling $51,755,000 in origination value.