Defiance Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Defiance averaged 6.88% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 6.71% and one month ago for the week of 2023-02-09, the average rate was 6.5%.

    Defiance's average rate one year ago was 4.03%.

    For refis of the same type during the week of 2023-03-16, the average rate was 7.1%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Defiance 30 Year Fixed Rate 2023-03-16 6.88%
    Defiance 30 Year Fixed Rate Refi 2023-03-16 7.1%
    Defiance 15 Year Fixed Rate 2023-03-16 6.21%
    Defiance 15 Year Fixed Rate Refi 2023-03-16 6.66%
    Defiance 30 Year FHA 2023-03-16 6.61%
    Defiance 30 Year FHA Refi 2023-03-16 6.17%
    Defiance 30 Year USDA 2023-03-16 6.69%
    Defiance 30 Year USDA Refi 2023-03-16 6.11%
    Defiance 30 Year VA 2023-03-16 6.34%
    Defiance 30 Year VA Refi 2023-03-16 5.75%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Defiance, OH.

    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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    First Federal Bank of the Midwest 54 5.19% $3,387
    The State Bank and Trust Company 47 4.69% $3,392
    The Huntington National Bank 35 5.14% $3,553
    The Citizens National Bank of Bluffton 20 5.08% $3,043
    QUICKEN LOANS, LLC 20 5.52% $5,714
    The Farmers & Merchants State Bank 15 6.20% $3,141
    CROSSCOUNTRY MORTGAGE, LLC 14 5.81% $6,143
    Fifth Third Bank 11 5.71% $3,187
    Citizens Bank 8 4.58% $2,819
    JPMorgan Chase Bank 7 5.68% $2,234
    FIRST OHIO HOME FINANCE, INC. 5 5.80% $3,048
    Superior Credit Union, Inc. 5 4.85% $2,623
    MEMBER FIRST MORTGAGE, LLC 4 6.16% $4,131
    UNITED WHOLESALE MORTGAGE, LLC 4 6.46% $3,674
    Wells Fargo Bank 3 4.63% $3,534
    RUOFF MORTGAGE COMPANY, INC. 3 3.88% $2,980
    LOANDEPOT.COM, LLC 3 4.25% $4,398
    Mr. Cooper ( Nationstar Mortgage ) 3 4.29% $7,041
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 4.58% $5,102
    AMERIFIRST FINANCIAL CORPORATION 2 6.00% $5,884
    KeyBank 2 5.06% $4,232
    Three Rivers Federal Credit Union 2 5.69% $3,356
    UNION HOME MORTGAGE CORP. 2 6.75% $4,900
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.25% $4,402
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.13% $6,551
    ProFed Federal Credit Union 1 3.25% $2,457
    SUN Federal Credit Union 1 5.25% $2,318
    Third Federal Savings and Loan Association of Cleveland 1 5.74% $45
    TOWER 1 5.13% $3,479
    Union Savings Bank 1 4.00% $505
    U.S. Bank 1 4.38% $3,081
    Nations Lending Corporation 1 5.99% $1,959
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.99% $6,018
    AMERISAVE MORTGAGE CORPORATION 1 3.99% $4,474
    Ameris Bank 1 4.88% $3,535
    BETTER MORTGAGE CORPORATION 1 4.25% $2,445
    CALIBER HOME LOANS, INC. 1 4.88% $3,179
    City Bank 1 6.63% $5,452
    Civista Bank 1 4.25% $3,799
    Directions Credit Union, Inc. 1 6.75% $2,388
    Farm Credit Mid-America, ACA 1 4.25% $6,144
    First Financial Bank 1 6.50% $1,881
    Flagstar Bank, FSB 1 6.00% $8,294
    FORT FINANCIAL Federal Credit Union 1 6.25% $2,442
    HALLMARK HOME MORTGAGE, LLC 1 5.50% $6,851
    Homesale Mortgage, LLC 1 5.75% $2,754
    HOMESIDE FINANCIAL, LLC 1 5.25% $3,598
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 5.00% $4,048
    Lake City Bank 1 3.13% $2,748
    MIDWEST AMERICA 1 4.75% $3,564
    M&T Bank 1 3.75% $4,913
    MYCUMORTGAGE, LLC 1 6.25% $4,486
    Ally Bank 1 5.25% $5,122
    NEWREZ LLC 1 3.50% $6,276

    Defiance Average Closing Costs & Other Stats

    Defiance, OH's 54 lenders originated 859 loans during 2022. The total origination value was $111,565,000, with an average loan value of $129,878.

    Defiance's average closing costs are $3,834.

    The top Defiance lender as defined by loan originations is First Federal Bank of the Midwest, with 54 loans originated. Their average total fees are $3,387, which is $5 lower than the next largest lender, The State Bank and Trust Company.

    The lowest fee Defiance lenders (with over 10 loans originated) are The Citizens National Bank of Bluffton ($3,043), The Farmers & Merchants State Bank ($3,141), Fifth Third Bank ($3,187), First Federal Bank of the Midwest ($3,387) and The State Bank and Trust Company ($3,392).

    The lowest rate Defiance lenders (with over 10 loans originated) are The State Bank and Trust Company (4.69%), The Citizens National Bank of Bluffton (5.08%), The Huntington National Bank (5.14%), First Federal Bank of the Midwest (5.19%) and QUICKEN LOANS, LLC (5.52%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    First Federal Bank of the Midwest $37,025,000 $16,800,000 -54.6% 15.1%
    The Huntington National Bank $19,415,000 $15,580,000 -19.8% 14.0%
    The State Bank and Trust Company $27,285,000 $12,855,000 -52.9% 11.5%
    QUICKEN LOANS, LLC $10,165,000 $7,870,000 -22.6% 7.1%
    CROSSCOUNTRY MORTGAGE, LLC $13,360,000 $6,520,000 -51.2% 5.8%
    The Citizens National Bank of Bluffton $5,740,000 $5,565,000 -3.0% 5.0%
    The Farmers & Merchants State Bank $5,310,000 $3,685,000 -30.6% 3.3%
    Fifth Third Bank $5,785,000 $3,105,000 -46.3% 2.8%
    Mortgage Research Center, LLC $1,610,000 $2,470,000 53.4% 2.2%
    Superior Credit Union, Inc. $660,000 $1,770,000 168.2% 1.6%
    JPMorgan Chase Bank $395,000 $1,690,000 327.8% 1.5%
    WALKER & DUNLOP, LLC $1,515,000 n/a 1.4%
    LOANDEPOT.COM, LLC $780,000 $1,500,000 92.3% 1.3%
    Citizens Bank $2,550,000 $1,280,000 -49.8% 1.1%
    AMERISAVE MORTGAGE CORPORATION $460,000 $1,275,000 177.2% 1.1%
    RUOFF MORTGAGE COMPANY, INC. $1,315,000 $1,230,000 -6.5% 1.1%
    Three Rivers Federal Credit Union $1,475,000 $1,175,000 -20.3% 1.1%
    Civista Bank $1,160,000 n/a 1.0%
    AMERIFIRST FINANCIAL CORPORATION $525,000 $1,015,000 93.3% 0.9%
    KeyBank $1,925,000 $955,000 -50.4% 0.9%
    MIDWEST AMERICA $460,000 $890,000 93.5% 0.8%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $270,000 $865,000 220.4% 0.8%
    FIRST OHIO HOME FINANCE, INC. $190,000 $835,000 339.5% 0.7%
    UNITED WHOLESALE MORTGAGE, LLC $230,000 $805,000 250.0% 0.7%
    MEMBER FIRST MORTGAGE, LLC $750,000 n/a 0.7%
    HOWARD HANNA FINANCIAL SERVICES, INC. $615,000 $680,000 10.6% 0.6%
    Farm Credit Mid-America, ACA $735,000 $675,000 -8.2% 0.6%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $145,000 $650,000 348.3% 0.6%
    NAVY FEDERAL CREDIT UNION $1,045,000 $630,000 -39.7% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $365,000 $625,000 71.2% 0.6%
    Wells Fargo Bank $410,000 $545,000 32.9% 0.5%
    Third Federal Savings and Loan Association of Cleveland $505,000 n/a 0.5%
    UNION HOME MORTGAGE CORP. $180,000 $500,000 177.8% 0.4%
    PNC Bank $890,000 $435,000 -51.1% 0.4%
    NEW DAY FINANCIAL, LLC $320,000 $430,000 34.4% 0.4%
    ROYAL UNITED MORTGAGE LLC $220,000 $415,000 88.6% 0.4%
    First Federal Savings and Loan Association of Delta $335,000 $375,000 11.9% 0.3%
    MYCUMORTGAGE, LLC $605,000 $360,000 -40.5% 0.3%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $535,000 $350,000 -34.6% 0.3%
    Texana Bank $350,000 n/a 0.3%
    SPRING EQ, LLC $25,000 $345,000 1,280.0% 0.3%
    Armed Forces Bank $305,000 n/a 0.3%
    VILLAGE CAPITAL MORTGAGE $680,000 $290,000 -57.4% 0.3%
    HALLMARK HOME MORTGAGE, LLC $285,000 n/a 0.3%
    USAA Federal Savings Bank $270,000 $285,000 5.6% 0.3%
    Union Savings Bank $155,000 $280,000 80.6% 0.3%
    NEWREZ LLC $170,000 $275,000 61.8% 0.2%
    HOMESIDE FINANCIAL, LLC $440,000 $270,000 -38.6% 0.2%
    Ally Bank $265,000 n/a 0.2%
    NETWORK CAPITAL FUNDING CORPORATION $205,000 $255,000 24.4% 0.2%
    First Federal Bank of Ohio $245,000 n/a 0.2%
    Lake City Bank $65,000 $245,000 276.9% 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $245,000 n/a 0.2%
    First Financial Bank $230,000 n/a 0.2%
    BEACON CREDIT UNION $225,000 n/a 0.2%
    CALIBER HOME LOANS, INC. $980,000 $225,000 -77.0% 0.2%
    First Commonwealth Bank $225,000 n/a 0.2%
    TOWER $215,000 n/a 0.2%
    Directions Credit Union, Inc. $235,000 $210,000 -10.6% 0.2%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $205,000 n/a 0.2%
    SUN WEST MORTGAGE COMPANY, INC. $205,000 n/a 0.2%
    Fremont Federal Credit Union $195,000 n/a 0.2%
    AG Credit, Agricultural Credit Association $170,000 $190,000 11.8% 0.2%
    BETTER MORTGAGE CORPORATION $470,000 $175,000 -62.8% 0.2%
    The Federal Savings Bank $135,000 $175,000 29.6% 0.2%
    Flagstar Bank, FSB $275,000 $165,000 -40.0% 0.1%
    FORT FINANCIAL Federal Credit Union $165,000 $165,000 0.0% 0.1%
    U.S. Bank $205,000 $165,000 -19.5% 0.1%
    Homesale Mortgage, LLC $155,000 n/a 0.1%
    LAKEVIEW LOAN SERVICING, LLC $165,000 $155,000 -6.1% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $125,000 $155,000 24.0% 0.1%
    BROKER SOLUTIONS, INC. $150,000 n/a 0.1%
    Figure Lending LLC $25,000 $150,000 500.0% 0.1%
    ProFed Federal Credit Union $320,000 $150,000 -53.1% 0.1%
    Bank of America $145,000 n/a 0.1%
    GUARANTEED RATE, INC. $135,000 $145,000 7.4% 0.1%
    Paramount Residential Mortgage Group, Inc. $145,000 n/a 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $135,000 n/a 0.1%
    Ameris Bank $135,000 n/a 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $155,000 $125,000 -19.4% 0.1%
    Nations Lending Corporation $165,000 $125,000 -24.2% 0.1%
    TOP FLITE FINANCIAL, INC. $115,000 $125,000 8.7% 0.1%
    FAY SERVICING, LLC $115,000 n/a 0.1%
    First Bank of Berne $115,000 n/a 0.1%
    AMERICAN HERITAGE LENDING, INC. $105,000 n/a 0.1%
    HOME POINT FINANCIAL CORPORATION $105,000 n/a 0.1%
    M&T Bank $95,000 $105,000 10.5% 0.1%
    S1L, Inc. $105,000 n/a 0.1%
    SUN Federal Credit Union $115,000 $105,000 -8.7% 0.1%
    Carrington Mortgage Services, LLC $650,000 $95,000 -85.4% 0.1%
    CIVIC FINANCIAL SERVICES, LLC $95,000 n/a 0.1%
    AMERICAN MORTGAGE SERVICE COMPANY $330,000 $85,000 -74.2% 0.1%
    AMERICAN ADVISORS GROUP $55,000 $65,000 18.2% 0.1%
    City Bank $65,000 n/a 0.1%
    Discover Bank $55,000 $55,000 0.0% 0.0%
    Lakeview Community Capital, LLC $50,000 n/a 0.0%
    PENNYMAC LOAN SERVICES, LLC $1,310,000 $45,000 -96.6% 0.0%
    CAMPBELL EMPLOYEES FEDERAL CREDIT UNION $25,000 n/a 0.0%
    Home Loan Investment Bank, F.S.B. $15,000 n/a 0.0%

    Defiance's top lender by overall market share is First Federal Bank of the Midwest, with 15.1% market share. In second place, with 14.0%, is The Huntington National Bank, having originated $15,580,000 in loans. In third place, with 11.5%, is The State Bank and Trust Company, having originated $12,855,000 in loans. In fourth place, with 7.1%, is QUICKEN LOANS, LLC, having originated $7,870,000 in loans. In fifth place, with 5.8%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $6,520,000 in loans.

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

    Realtor.com - Defiance (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 $108,450 (27.7%) $159,013 (19.0%) 0.00 97
    2018-02-01 $103,600 (22.7%) $154,980 (9.7%) 0.00 83
    2018-03-01 $110,000 (26.4%) $150,182 (3.4%) 0.00 73
    2018-04-01 $108,450 (20.6%) $150,352 (-4.1%) 0.00 77
    2018-05-01 $101,200 (-16.8%) $150,172 (-2.5%) 0.00 79
    2018-06-01 $102,400 (-11.2%) $148,482 (-3.3%) 0.00 76
    2018-07-01 $117,150 (0.4%) $163,607 (9.2%) 0.00 78
    2018-08-01 $108,400 (-10.1%) $152,716 (-2.9%) 0.00 97
    2018-09-01 $110,000 (-4.7%) $150,282 (-1.5%) 0.00 107
    2018-10-01 $114,900 (-1.1%) $150,422 (-3.8%) 0.00 108
    2018-11-01 $120,925 (5.6%) $153,600 (-3.7%) 0.00 105
    2018-12-01 $127,900 (11.5%) $161,586 (1.6%) 0.00 93
    2019-01-01 $126,900 (17.0%) $164,338 (3.4%) 0.00 78
    2019-02-01 $129,950 (25.4%) $171,097 (10.4%) 0.00 67
    2019-03-01 $135,471 (23.2%) $176,016 (17.2%) 0.00 66
    2019-04-01 $139,471 (28.6%) $178,621 (18.8%) 0.00 61
    2019-05-01 $139,900 (38.2%) $179,652 (19.6%) 0.00 58
    2019-06-01 $119,900 (17.1%) $158,960 (7.1%) 0.00 76
    2019-07-01 $134,900 (15.2%) $159,407 (-2.6%) 0.00 82
    2019-08-01 $136,264 (25.7%) $161,270 (5.6%) 0.00 87
    2019-09-01 $138,309 (25.7%) $163,403 (8.7%) 0.00 88
    2019-10-01 $139,900 (21.8%) $164,500 (9.4%) 0.00 89
    2019-11-01 $132,500 (9.6%) $155,082 (1.0%) 0.00 105
    2019-12-01 $129,925 (1.6%) $159,710 (-1.2%) 0.00 96
    2020-01-01 $126,050 (-0.7%) $153,865 (-6.4%) 0.00 84
    2020-02-01 $125,000 (-3.8%) $149,156 (-12.8%) 0.00 70
    2020-03-01 $121,100 (-10.6%) $146,537 (-16.8%) 0.00 58
    2020-04-01 $127,750 (-8.4%) $157,958 (-11.6%) 0.00 54
    2020-05-01 $124,900 (-10.7%) $156,683 (-12.8%) 0.00 50
    2020-06-01 $143,650 (19.8%) $170,321 (7.2%) 0.00 46
    2020-07-01 $134,850 (0.0%) $184,998 (16.1%) 0.00 44
    2020-08-01 $147,450 (8.2%) $193,202 (19.8%) 0.00 46
    2020-09-01 $181,000 (30.9%) $215,492 (31.9%) 0.00 45
    2020-10-01 $155,000 (10.8%) $213,713 (29.9%) 0.00 50
    2020-11-01 $138,400 (4.5%) $188,612 (21.6%) 0.00 52
    2020-12-01 $129,900 (0.0%) $179,346 (12.3%) 0.00 42
    2021-01-01 $139,900 (11.0%) $199,371 (29.6%) 0.00 39
    2021-02-01 $129,400 (3.5%) $197,115 (32.2%) 0.00 31
    2021-03-01 $194,950 (61.0%) $230,991 (57.6%) 0.00 25
    2021-04-01 $151,450 (18.6%) $198,954 (26.0%) 0.00 24
    2021-05-01 $150,950 (20.9%) $184,562 (17.8%) 0.00 31
    2021-06-01 $151,750 (5.6%) $178,996 (5.1%) 0.00 37
    2021-07-01 $149,000 (10.5%) $178,189 (-3.7%) 0.00 34
    2021-08-01 $138,875 (-5.8%) $158,886 (-17.8%) 0.00 44
    2021-09-01 $142,700 (-21.2%) $154,893 (-28.1%) 0.00 52
    2021-10-01 $125,000 (-19.4%) $146,236 (-31.6%) 0.00 50
    2021-11-01 $120,650 (-12.8%) $149,034 (-21.0%) 0.00 55
    2021-12-01 $132,975 (2.4%) $157,357 (-12.3%) 0.00 54
    2022-01-01 $129,900 (-7.2%) $155,473 (-22.0%) 0.00 46
    2022-02-01 $145,225 (12.2%) $165,764 (-15.9%) 0.00 39
    2022-03-01 $147,400 (-24.4%) $173,128 (-25.1%) 0.00 30
    2022-04-01 $172,400 (13.8%) $206,123 (3.6%) 0.00 33
    2022-05-01 $159,900 (5.9%) $194,234 (5.2%) 0.00 41
    2022-06-01 $169,900 (12.0%) $184,295 (3.0%) 0.00 43
    2022-07-01 $159,900 (7.3%) $172,523 (-3.2%) 0.00 56
    2022-08-01 $159,875 (15.1%) $165,309 (4.0%) 0.00 57
    2022-09-01 $158,925 (11.4%) $164,591 (6.3%) 0.00 53
    2022-10-01 $149,950 (20.0%) $166,290 (13.7%) 0.00 45
    2022-11-01 $147,075 (21.9%) $172,785 (15.9%) 0.00 46
    2022-12-01 $149,900 (12.7%) $166,806 (6.0%) 0.00 43
    2023-01-01 $165,825 (27.7%) $173,488 (11.6%) 0.00 42
    2023-02-01 $173,725 (19.6%) $184,075 (11.1%) 0.00 36
    Defiance's median listing price for 2023-02-01 was $173,725, a difference of $28,500 (19.6%) versus the prior year and $7,900 versus the prior month.

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

    Defiance's average listing price for 2023-02-01 was $184,075, a difference of $18,311 (11.1%) versus the prior year and $10,587 versus the prior month.

    For the 2023-02-01 period, Defiance had 36 MLS listings, a difference of -6 listings (-14%) versus the prior month and -3 listings (-8%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Defiance (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,506 sqft
    2018-02-01 0 days 1,530 sqft
    2018-03-01 0 days 1,505 sqft
    2018-04-01 0 days 1,464 sqft
    2018-05-01 0 days 1,549 sqft
    2018-06-01 0 days 1,504 sqft
    2018-07-01 0 days 1,557 sqft
    2018-08-01 0 days 1,553 sqft
    2018-09-01 0 days 1,545 sqft
    2018-10-01 0 days 1,630 sqft
    2018-11-01 0 days 1,654 sqft
    2018-12-01 0 days 1,761 sqft
    2019-01-01 0 days 1,687 sqft
    2019-02-01 0 days 1,752 sqft
    2019-03-01 0 days 1,707 sqft
    2019-04-01 0 days 1,658 sqft
    2019-05-01 0 days 1,624 sqft
    2019-06-01 0 days 1,555 sqft
    2019-07-01 0 days 1,572 sqft
    2019-08-01 0 days 1,572 sqft
    2019-09-01 0 days 1,547 sqft
    2019-10-01 0 days 1,528 sqft
    2019-11-01 0 days 1,482 sqft
    2019-12-01 0 days 1,498 sqft
    2020-01-01 0 days 1,460 sqft
    2020-02-01 0 days 1,472 sqft
    2020-03-01 0 days 1,454 sqft
    2020-04-01 0 days 1,543 sqft
    2020-05-01 0 days 1,680 sqft
    2020-06-01 0 days 1,770 sqft
    2020-07-01 0 days 1,780 sqft
    2020-08-01 0 days 1,785 sqft
    2020-09-01 0 days 2,026 sqft
    2020-10-01 0 days 2,000 sqft
    2020-11-01 0 days 1,571 sqft
    2020-12-01 0 days 1,577 sqft
    2021-01-01 0 days 1,750 sqft
    2021-02-01 0 days 1,540 sqft
    2021-03-01 0 days 1,958 sqft
    2021-04-01 0 days 1,745 sqft
    2021-05-01 0 days 1,628 sqft
    2021-06-01 0 days 1,597 sqft
    2021-07-01 0 days 1,714 sqft
    2021-08-01 0 days 1,480 sqft
    2021-09-01 0 days 1,467 sqft
    2021-10-01 0 days 1,473 sqft
    2021-11-01 0 days 1,476 sqft
    2021-12-01 0 days 1,482 sqft
    2022-01-01 0 days 1,501 sqft
    2022-02-01 0 days 1,561 sqft
    2022-03-01 0 days 1,555 sqft
    2022-04-01 0 days 1,609 sqft
    2022-05-01 0 days 1,594 sqft
    2022-06-01 0 days 1,606 sqft
    2022-07-01 0 days 1,584 sqft
    2022-08-01 0 days 1,577 sqft
    2022-09-01 0 days 1,498 sqft
    2022-10-01 0 days 1,528 sqft
    2022-11-01 0 days 1,551 sqft
    2022-12-01 0 days 1,528 sqft
    2023-01-01 0 days 1,508 sqft
    2023-02-01 0 days 1,481 sqft
    Defiance's median listing age (time on market) for 2023-02-01 was 0 days.

    Defiance's median square footage for active listings during the 2023-02-01 period was 1,481 sqft. One year prior, the average listing was 1,561 sqft.

    Defiance, OH Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 414 $65,530,000 $158,285
    Cash Out Refi 153 $19,565,000 $127,876
    Refi 110 $14,260,000 $129,636
    Home Improvement 104 $6,740,000 $64,808
    Other 78 $5,470,000 $70,128

    Defiance's most frequently cited loan purpose was Home Purchase, with 414 originations. The 2nd most popular reason was Cash Out Refi, with 153 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 228 $33,340,000 $146,228
    3-4% 199 $24,005,000 $120,628
    4-5% 167 $23,325,000 $139,671
    6-7% 131 $17,585,000 $134,237
    7-8% 51 $5,215,000 $102,255
    2.5-3% 37 $4,255,000 $115,000
    Over 8% 24 $1,300,000 $54,167
    <2.5% 20 $2,100,000 $105,000

    During 2022, Defiance's most frequently originated rate bucket was 5-6%, with 228 originations.

    Loan Sizing (Defiance, OH MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 376 $22,810,000 $60,665
    $100k-200k 351 $49,575,000 $141,239
    $200k-400k 117 $30,225,000 $258,333
    $400k-600k 12 $5,810,000 $484,167
    $600k-1000k 2 $1,630,000 $815,000
    $Over $1MM 1 $1,515,000 $1,515,000

    Defiance's loan sizing saw the bucket of loans from $100,000 or less with 376 originations, totaling $22,810,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 349 $55,745,000 $159,728
    60-80% 203 $31,225,000 $153,818
    40-60% 113 $13,115,000 $116,062
    20-40% 110 $7,070,000 $64,273
    Under 20% 77 $2,435,000 $31,623
    Over 100% 3 $1,435,000 $478,333

    Defiance's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 349 originations, totaling $55,745,000 in origination value.