ELKHART - GOSHEN Mortgage Rates
30 Year Fixed Rate mortgages in Elkhart - Goshen averaged
3.35%
for the week of 2021-12-02, compared to the national average of
3.11% for the same period.
The average rate for the prior week (2021-11-24) was
3.24% and
one month ago for the week of 2021-10-28, the
average rate was 3.28%.
Elkhart - Goshen's average rate one year ago was 3.06%.
For refis of the same type during the week of 2021-12-02, the average rate
was 3.18%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2021-12-02 | 3.11% |
| Elkhart - Goshen 30 Year Fixed Rate | 2021-12-02 | 3.35% |
| Elkhart - Goshen 30 Year Fixed Rate Refi | 2021-12-02 | 3.18% |
| Elkhart - Goshen 15 Year Fixed Rate | 2021-12-02 | 3.29% |
| Elkhart - Goshen 15 Year Fixed Rate Refi | 2021-12-02 | 2.71% |
| Elkhart - Goshen 30 Year FHA | 2021-12-02 | 3.6% |
| Elkhart - Goshen 30 Year FHA Refi | 2021-12-02 | 3.57% |
| Elkhart - Goshen 30 Year USDA | 2021-12-02 | 3.41% |
| Elkhart - Goshen 30 Year USDA Refi | 2021-12-02 | 3.24% |
| Elkhart - Goshen 30 Year VA | 2021-12-02 | 3.18% |
| Elkhart - Goshen 30 Year VA Refi | 2021-12-02 | 3.16% |
ELKHART - GOSHEN Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the ELKHART-GOSHEN, 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.).
ELKHART-GOSHEN, IN's 159 lenders originated 8,556
loans during 2020. The total origination value was $1,457,560,000, with an average loan value of
$170,355.
The top ELKHART - GOSHEN lender as defined by loan originations is INTERRA CREDIT UNION, with
390 loans originated. Their average total fees are
$2,414, which is $415
higher than the next largest lender,
RUOFF MORTGAGE COMPANY, INC..
The lowest fee ELKHART - GOSHEN lenders (with over 10 loans originated) are
EVERETT FINANCIAL, INC. ($1,107), Centier Bank ($1,176), PNC Bank, National Association ($1,667), EVERENCE FEDERAL CREDIT UNION ($1,831) and RUOFF MORTGAGE COMPANY, INC. ($1,998).
The lowest rate ELKHART - GOSHEN lenders (with over 10 loans originated) are
AMERISAVE MORTGAGE CORPORATION (2.88%), Northwest Bank (3.13%), Farm Credit Mid-America, ACA (3.15%), Chiphone Federal Credit Union (3.16%) and INOVA FEDERAL CREDIT UNION (3.16%).
ELKHART-GOSHEN, IN Lender 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 | 2019 Loan Value | 2020 Loan Value | % Change | 2020 Market Share |
|---|---|---|---|---|
| Interra Credit Union | $92,210,000 | $166,940,000 | 81.0% | 11.5% |
| Ruoff Home Mortgage | $60,035,000 | $103,460,000 | 72.3% | 7.1% |
| First Federal Savings Bank | $47,075,000 | $94,990,000 | 101.8% | 6.5% |
| First State Bank of Middlebury | $49,480,000 | $92,915,000 | 87.8% | 6.4% |
| 1ST SOURCE BANK | $52,055,000 | $78,240,000 | 50.3% | 5.4% |
| Cardinal Financial Company LP | $5,120,000 | $75,080,000 | 1,366.4% | 5.2% |
| Quicken Loans | $42,820,000 | $73,250,000 | 71.1% | 5.0% |
| HORIZON BANK | $28,105,000 | $53,715,000 | 91.1% | 3.7% |
| LAKE CITY BANK | $43,810,000 | $43,930,000 | 0.3% | 3.0% |
| JPMorgan Chase Bank, NA | $22,665,000 | $37,190,000 | 64.1% | 2.6% |
| Teachers Credit Union | $17,235,000 | $36,385,000 | 111.1% | 2.5% |
| INOVA Federal Credit Union | $21,690,000 | $34,000,000 | 56.8% | 2.3% |
| Supreme Lending/ Everett Financial Inc. | $20,700,000 | $32,075,000 | 55.0% | 2.2% |
| Freedom Mortgage Corporation | $8,535,000 | $30,240,000 | 254.3% | 2.1% |
| Hallmark Home Mortgage LLC | $17,720,000 | $27,370,000 | 54.5% | 1.9% |
| Notre Dame Federal Credit Union | $13,180,000 | $27,225,000 | 106.6% | 1.9% |
| Guaranteed Rate Inc. | $14,395,000 | $24,815,000 | 72.4% | 1.7% |
| Farmers State Bank | $13,090,000 | $21,755,000 | 66.2% | 1.5% |
| Merchants Bank of Indiana | $20,525,000 | n/a | 1.4% | |
| Centier Bank | $27,435,000 | $18,765,000 | -31.6% | 1.3% |
| Berkadia Commercial Mortgage | $18,325,000 | n/a | 1.3% | |
| PNC BANK NA | $12,150,000 | $17,125,000 | 40.9% | 1.2% |
| KeyBank National Association | $15,750,000 | $15,090,000 | -4.2% | 1.0% |
| Midwest Equity Mortgage LLC | $14,945,000 | n/a | 1.0% | |
| Farm Credit Mid-America | $4,490,000 | $11,185,000 | 149.1% | 0.8% |
| Northwest Bank | $11,165,000 | n/a | 0.8% | |
| Old National Bank | $6,125,000 | $10,985,000 | 79.3% | 0.8% |
| Nationstar Mortgage | $8,065,000 | $10,205,000 | 26.5% | 0.7% |
| Mortgage Research Center LLC | $6,715,000 | $9,240,000 | 37.6% | 0.6% |
| United Federal Credit Union | $6,995,000 | $9,130,000 | 30.5% | 0.6% |
| loanDepot LLC | $7,530,000 | $7,725,000 | 2.6% | 0.5% |
| United Shore Financial Services LLC | $8,195,000 | $7,425,000 | -9.4% | 0.5% |
| WELLS FARGO BANK NA | $6,560,000 | $6,990,000 | 6.6% | 0.5% |
| American Financial Network Inc. | $6,825,000 | $6,485,000 | -5.0% | 0.4% |
| Caliber Home Loans Inc | $3,310,000 | $6,465,000 | 95.3% | 0.4% |
| The Campbell & Fetter Bank | $6,920,000 | $6,430,000 | -7.1% | 0.4% |
| Fifth Third Bank | $4,210,000 | $5,810,000 | 38.0% | 0.4% |
| NEWREZ LLC | $1,580,000 | $5,635,000 | 256.6% | 0.4% |
| AmeriFirst Home Mortgage | $2,195,000 | $5,160,000 | 135.1% | 0.4% |
| VanDyk Mortgage Corporation | $925,000 | $4,885,000 | 428.1% | 0.3% |
| Alterra Group LLC dba Alterra Home Loans | $4,810,000 | n/a | 0.3% | |
| Lakeview Loan Servicing, LLC | $1,140,000 | $4,760,000 | 317.5% | 0.3% |
| CBNA | $670,000 | $4,455,000 | 564.9% | 0.3% |
| Crossroads Bank | $960,000 | $4,230,000 | 340.6% | 0.3% |
| CARRINGTON MORTGAGE SERVICES | $4,135,000 | $4,130,000 | -0.1% | 0.3% |
| Triad Financial Services Inc | $5,250,000 | $3,905,000 | -25.6% | 0.3% |
| V.I.P. Mortgage Inc. | $4,340,000 | $3,895,000 | -10.3% | 0.3% |
| EVERENCE FEDERAL CREDIT UNION | $1,415,000 | $3,835,000 | 171.0% | 0.3% |
| Flagstar Bank | $1,170,000 | $3,760,000 | 221.4% | 0.3% |
| Union Home Mortgage Company | $2,700,000 | $3,745,000 | 38.7% | 0.3% |
| AmeriHomeMortgageCompany,LL | $2,040,000 | $3,685,000 | 80.6% | 0.3% |
| MutualBank | $13,290,000 | $3,580,000 | -73.1% | 0.2% |
| First Guaranty Mortgage Corporation | $435,000 | $3,570,000 | 720.7% | 0.2% |
| Chiphone Credit Union | $1,305,000 | $3,455,000 | 164.8% | 0.2% |
| New American Funding (dba for Broker Solutions Inc) | $6,045,000 | $2,995,000 | -50.5% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $1,795,000 | $2,900,000 | 61.6% | 0.2% |
| Greater Niles Community Federa | $350,000 | $2,735,000 | 681.4% | 0.2% |
| Huntington National Bank | $2,100,000 | $2,705,000 | 28.8% | 0.2% |
| The Federal Savings Bank | $535,000 | $2,575,000 | 381.3% | 0.2% |
| PENNYMAC LOAN SERVICES LLC | $1,640,000 | $2,545,000 | 55.2% | 0.2% |
| USAA FEDERAL SAVINGS BANK | $4,155,000 | $2,540,000 | -38.9% | 0.2% |
| Home Point Financial Corporation | $460,000 | $2,440,000 | 430.4% | 0.2% |
| HomeBridge Financial Services, Inc. | $1,840,000 | $2,325,000 | 26.4% | 0.2% |
| Amerisave Mortgage Corporation | $2,180,000 | $2,245,000 | 3.0% | 0.2% |
| Paramount Residential Mortgage Group Inc. | $1,175,000 | $2,060,000 | 75.3% | 0.1% |
| Clearpath Lending | $1,080,000 | $2,050,000 | 89.8% | 0.1% |
| FAIRWAY INDEPENDENT MORT CORP | $1,165,000 | $1,870,000 | 60.5% | 0.1% |
| US BANK, N.A. | $1,365,000 | $1,865,000 | 36.6% | 0.1% |
| Barrington Bank & Trust | $1,065,000 | $1,780,000 | 67.1% | 0.1% |
| NewDay Financial LLC dba NewDay USA | $675,000 | $1,675,000 | 148.1% | 0.1% |
| Sun West Mortgage Company Inc. | $235,000 | $1,650,000 | 602.1% | 0.1% |
| Oceanside Mortgage Company | $805,000 | $1,640,000 | 103.7% | 0.1% |
| Mortgage Assurance Inc. | $1,585,000 | $1,610,000 | 1.6% | 0.1% |
| Homeside Financial LLC | $210,000 | $1,565,000 | 645.2% | 0.1% |
| Member First Mortgage LLC | $865,000 | $1,490,000 | 72.3% | 0.1% |
| Intercontinental Capital Group, Inc. | $1,480,000 | n/a | 0.1% | |
| Royal United Mortgage LLC | $1,715,000 | $1,455,000 | -15.2% | 0.1% |
| Bank of America NA | $1,530,000 | $1,310,000 | -14.4% | 0.1% |
| POLARIS HOME FUNDING CORP | $405,000 | $1,295,000 | 219.8% | 0.1% |
| Village Capital & Investment | $540,000 | $1,215,000 | 125.0% | 0.1% |
| Churchill Mortgage Corporation | $880,000 | $1,190,000 | 35.2% | 0.1% |
| GVC Mortgage Inc. | $39,230,000 | $1,175,000 | -97.0% | 0.1% |
| Reliance First Capital LLC | $820,000 | $1,135,000 | 38.4% | 0.1% |
| American Neighborhood Mortgage dba AnnieMac Home Mortgage | $280,000 | $1,095,000 | 291.1% | 0.1% |
| Sovereign Lending Group, Inc | $1,875,000 | $1,075,000 | -42.7% | 0.1% |
| Academy Mortgage Corporation | $1,020,000 | $1,055,000 | 3.4% | 0.1% |
| Better Mortgage Corporation | $1,055,000 | n/a | 0.1% | |
| Primary Residential Mortgage Inc. | $995,000 | n/a | 0.1% | |
| 21ST MORTGAGE | $185,000 | $990,000 | 435.1% | 0.1% |
| Planet Home Lending LLC | $965,000 | n/a | 0.1% | |
| Union Savings Bank | $940,000 | n/a | 0.1% | |
| Three Rivers Federal Credit Union | $195,000 | $930,000 | 376.9% | 0.1% |
| Synergy One Lending | $2,165,000 | $855,000 | -60.5% | 0.1% |
| OMNI Community Credit Union | $115,000 | $850,000 | 639.1% | 0.1% |
| Compass Mortgage Inc | $195,000 | $835,000 | 328.2% | 0.1% |
| TCF National Bank | $280,000 | $810,000 | 189.3% | 0.1% |
| Evansville Teachers Federal Credit Union | $300,000 | $780,000 | 160.0% | 0.1% |
| LeaderOne Financial Corp. | $425,000 | $780,000 | 83.5% | 0.1% |
| PRIMELENDING | $190,000 | $755,000 | 297.4% | 0.1% |
| DIAMOND RESIDENTIAL MTG CORP | $295,000 | $730,000 | 147.5% | 0.1% |
| NBKC Bank | $720,000 | n/a | 0.0% | |
| Somerville Bank | $145,000 | $705,000 | 386.2% | 0.0% |
| Bank of England | $835,000 | $700,000 | -16.2% | 0.0% |
| FIRST MERCHANTS BANK | $1,325,000 | $690,000 | -47.9% | 0.0% |
| Lake Michigan Credit Union | $300,000 | $670,000 | 123.3% | 0.0% |
| American Financial Resources Inc. | $295,000 | $635,000 | 115.3% | 0.0% |
| Honor Credit Union | $1,170,000 | $630,000 | -46.2% | 0.0% |
| Premia Mortgage, LLC | $630,000 | n/a | 0.0% | |
| FIRST NATIONAL BANK | $620,000 | n/a | 0.0% | |
| James B. Nutter & Company | $175,000 | $615,000 | 251.4% | 0.0% |
| BANK OF THE WEST | $605,000 | n/a | 0.0% | |
| Finance of America Mortgage LLC | $185,000 | $590,000 | 218.9% | 0.0% |
| Fortress Bank | $590,000 | n/a | 0.0% | |
| The Farmers & Merchants State Bank | $590,000 | n/a | 0.0% | |
| Highlands Residential Mortgage Ltd | $580,000 | n/a | 0.0% | |
| SummitMortgage Inc. | $2,645,000 | $575,000 | -78.3% | 0.0% |
| 1st Signature Lending LLC | $240,000 | $555,000 | 131.3% | 0.0% |
| Stifel Bank and Trust | $185,000 | $555,000 | 200.0% | 0.0% |
| American Financing Corporation | $825,000 | $550,000 | -33.3% | 0.0% |
| US Mortgage of Florida | $420,000 | $535,000 | 27.4% | 0.0% |
| Independent Bank | $405,000 | $530,000 | 30.9% | 0.0% |
| CIBM Bank | $855,000 | $520,000 | -39.2% | 0.0% |
| Petefish Skiles & Co. Bank | $520,000 | n/a | 0.0% | |
| The State Bank and Trust Company | $520,000 | n/a | 0.0% | |
| SOUTHERN MICHIGAN BANK & TRUST | $135,000 | $495,000 | 266.7% | 0.0% |
| American Mortgage Service Company | $785,000 | $485,000 | -38.2% | 0.0% |
| PHH MORTGAGE CORPORATION | $120,000 | $485,000 | 304.2% | 0.0% |
| ProFed Federal Credit Union | $105,000 | $475,000 | 352.4% | 0.0% |
| Bayshore Mortgage Funding LLC | $465,000 | n/a | 0.0% | |
| First Federal Bank of Kansas City | $465,000 | n/a | 0.0% | |
| Nations Lending Corporation | $1,005,000 | $465,000 | -53.7% | 0.0% |
| Discover Bank | $200,000 | $455,000 | 127.5% | 0.0% |
| Wyndham Capital Mortgage | $725,000 | $455,000 | -37.2% | 0.0% |
| AimLoan.com | $450,000 | n/a | 0.0% | |
| SoFi Lending Corp | $235,000 | $450,000 | 91.5% | 0.0% |
| The Dart Bank | $145,000 | $445,000 | 206.9% | 0.0% |
| American Pacific Mortgage Corporation | $440,000 | n/a | 0.0% | |
| Embrace Home Loans, Inc. | $340,000 | $440,000 | 29.4% | 0.0% |
| First Home Bank | $345,000 | $425,000 | 23.2% | 0.0% |
| Fort Financial Credit Union | $420,000 | n/a | 0.0% | |
| RESIDENTIAL MORTGAGE SERVICES | $160,000 | $415,000 | 159.4% | 0.0% |
| First Choice MH LLC | $65,000 | $410,000 | 530.8% | 0.0% |
| Meridian Bank | $405,000 | n/a | 0.0% | |
| Michigan Mutual, Inc. DBA MiMutual Mortgage | $225,000 | $405,000 | 80.0% | 0.0% |
| Impac Mortgage Corp. dba CashCall Mortgage | $135,000 | $395,000 | 192.6% | 0.0% |
| LoanPal | $395,000 | n/a | 0.0% | |
| Semper Home Loans, Inc | $395,000 | n/a | 0.0% | |
| Purdue Federal Credit Union | $255,000 | $390,000 | 52.9% | 0.0% |
| Low VA Rates | $830,000 | $385,000 | -53.6% | 0.0% |
| Colten Mortgage | $370,000 | n/a | 0.0% | |
| Gold Coast Bank | $370,000 | n/a | 0.0% | |
| UBS Bank USA | $370,000 | n/a | 0.0% | |
| Third Federal Savings and Loan | $230,000 | $365,000 | 58.7% | 0.0% |
| Mid America Mortgage Inc. | $1,275,000 | $360,000 | -71.8% | 0.0% |
| STAR Financial Bank | $165,000 | $360,000 | 118.2% | 0.0% |
| Mortgage Lenders of America LLC | $115,000 | $355,000 | 208.7% | 0.0% |
| TIAA, FSB | $900,000 | $350,000 | -61.1% | 0.0% |
| Sturgis Bank & Trust Company | $75,000 | $345,000 | 360.0% | 0.0% |
| Platinum Home Mortgage Corporation | $440,000 | $340,000 | -22.7% | 0.0% |
| Plaza Home Mortgage Inc. | $1,055,000 | $340,000 | -67.8% | 0.0% |
| Success Mortgage Partners Inc. | $335,000 | n/a | 0.0% | |
| MOVEMENT MORTGAGE, LLC | $65,000 | $330,000 | 407.7% | 0.0% |
| Ark-La-Tex Financial Services LLC | $440,000 | $325,000 | -26.1% | 0.0% |
| Partners 1st FCU | $325,000 | n/a | 0.0% | |
| Cornerstone National Bank & Trust Company | $305,000 | $305,000 | 0.0% | 0.0% |
| Edgewater Bank | $55,000 | $295,000 | 436.4% | 0.0% |
| Equity Prime Mortgage LLC | $750,000 | $290,000 | -61.3% | 0.0% |
| Magnolia Bank Incorporated | $290,000 | n/a | 0.0% | |
| Provident Funding Associates | $510,000 | $290,000 | -43.1% | 0.0% |
| Southwest Funding LP | $280,000 | n/a | 0.0% | |
| North American Savings Bank | $275,000 | n/a | 0.0% | |
| top flite financial, inc. | $260,000 | $275,000 | 5.8% | 0.0% |
| Inland Bank and Trust | $85,000 | $270,000 | 217.6% | 0.0% |
| Northpointe Bank | $255,000 | $270,000 | 5.9% | 0.0% |
| Blue Ridge Bank, NA | $265,000 | n/a | 0.0% | |
| AAG | $260,000 | $255,000 | -1.9% | 0.0% |
| Pentagon Federal Credit Union | $115,000 | $250,000 | 117.4% | 0.0% |
| Prosperity Home Mortgage LLC | $245,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage | $240,000 | n/a | 0.0% | |
| First Federal Bank of the Midwest | $95,000 | $235,000 | 147.4% | 0.0% |
| BOKF NA | $550,000 | $215,000 | -60.9% | 0.0% |
| Stockton Mortgage Corporation | $215,000 | n/a | 0.0% | |
| Thrivent Federal Credit Union | $115,000 | $215,000 | 87.0% | 0.0% |
| Citibank, N.A. | $200,000 | $210,000 | 5.0% | 0.0% |
| First Option Mortgage LLC | $210,000 | n/a | 0.0% | |
| CMG Mortgage Inc. | $205,000 | n/a | 0.0% | |
| Liberty Home Equity Solutions, Inc. | $85,000 | $185,000 | 117.6% | 0.0% |
| DelMar Financial Company | $175,000 | n/a | 0.0% | |
| First Federal Savings Bank | $47,075,000 | $175,000 | -99.6% | 0.0% |
| Liberty Savings Bank F.S.B. | $175,000 | n/a | 0.0% | |
| Mortgage Masters of Indiana Inc. | $175,000 | n/a | 0.0% | |
| Baxter Credit Union | $165,000 | n/a | 0.0% | |
| E Mortgage Management LLC | $165,000 | n/a | 0.0% | |
| First Midwest Bank | $65,000 | $165,000 | 153.8% | 0.0% |
| Indiana Members Credit Union | $165,000 | n/a | 0.0% | |
| Real Estate Resource Home Loans | $300,000 | $165,000 | -45.0% | 0.0% |
| Connexus Credit Union | $160,000 | n/a | 0.0% | |
| ARVEST BANK | $155,000 | n/a | 0.0% | |
| Croghan Colonial Bank | $155,000 | n/a | 0.0% | |
| First Centennial Mortgage Corp. | $155,000 | n/a | 0.0% | |
| Network Capital Funding Corporation | $155,000 | $155,000 | 0.0% | 0.0% |
| WEI Mortgage LLC | $155,000 | n/a | 0.0% | |
| WSFS Bank | $155,000 | n/a | 0.0% | |
| Alliant Credit Union | $45,000 | $150,000 | 233.3% | 0.0% |
| Prime Choice Funding, Inc. | $145,000 | n/a | 0.0% | |
| Midwest Loan Services Inc | $135,000 | n/a | 0.0% | |
| Selfreliance Federal Credit Union | $135,000 | n/a | 0.0% | |
| AMARILLO NATIONAL BANK | $125,000 | n/a | 0.0% | |
| MARQUETTE BANK | $125,000 | n/a | 0.0% | |
| Mortgage Solutions of Colorado LLC | $125,000 | n/a | 0.0% | |
| Quontic Bank | $115,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $75,000 | $115,000 | 53.3% | 0.0% |
| Citizens Union Bank of Shelbyville | $105,000 | n/a | 0.0% | |
| CommunityAmerica Credit Union | $105,000 | n/a | 0.0% | |
| Secured Investment Corp | $75,000 | $105,000 | 40.0% | 0.0% |
| The Citizens National Bank of Bluffton | $105,000 | n/a | 0.0% | |
| The Home Loan Expert | $105,000 | n/a | 0.0% | |
| Oxford Bank & Trust | $90,000 | $100,000 | 11.1% | 0.0% |
| BM REAL ESTATE SERVICES, INC. | $95,000 | n/a | 0.0% | |
| First Bank of Berne | $95,000 | n/a | 0.0% | |
| Longbridge Financial, LLC | $95,000 | n/a | 0.0% | |
| Land Home Financial Services Inc. | $75,000 | n/a | 0.0% | |
| RANLife, Inc. | $175,000 | $75,000 | -57.1% | 0.0% |
| Elements Financial Federal Credit Union | $65,000 | n/a | 0.0% | |
| Forum Credit Union | $105,000 | $55,000 | -47.6% | 0.0% |
| Mortgage 1 Incorporated | $55,000 | n/a | 0.0% | |
| M&T Bank | $95,000 | $55,000 | -42.1% | 0.0% |
| Nations Reliable Lending, LLC | $55,000 | n/a | 0.0% | |
| T2 Financial LLC | $55,000 | n/a | 0.0% | |
| FirstBank | $85,000 | $45,000 | -47.1% | 0.0% |
| Consumers Credit Union | $35,000 | n/a | 0.0% | |
| Home Loan Investment Bank | $225,000 | $30,000 | -86.7% | 0.0% |
| First Southern Bank | $220,000 | $25,000 | -88.6% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC | $80,000 | $25,000 | -68.8% | 0.0% |
ELKHART - GOSHEN's top lender by overall market share is Interra Credit Union, with 11.5% market share. In second place, with 7.1%, is Ruoff Home Mortgage, having originated $103,460,000 in loans. In third place, with 6.5%, is First Federal Savings Bank, having originated $94,990,000 in loans. In third place, with 6.4%, is First State Bank of Middlebury, having originated $92,915,000 in loans. In third place, with 5.4%, is 1ST SOURCE BANK, having originated $78,240,000 in loans.
ELKHART-GOSHEN, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Refi | 3,168 | $556,680,000 | $175,720 |
| Home Purchase | 3,108 | $575,100,000 | $185,039 |
| Cash Out Refi | 1,483 | $247,005,000 | $166,558 |
| Other | 416 | $54,720,000 | $131,538 |
| Home Improvement | 376 | $22,790,000 | $60,612 |
| NA | 5 | $1,265,000 | $253,000 |
Elkhart - Goshen's most frequently cited loan purpose was Refi, with 3,168 originations. The 2nd most popular reason was Home Purchase, with 3,108 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 4,029 | $697,935,000 | $173,228 |
| 2.5-3% | 2,204 | $413,730,000 | $187,718 |
| 4-5% | 857 | $117,105,000 | $136,645 |
| <2.5% | 455 | $81,445,000 | $179,000 |
| 5-6% | 144 | $10,370,000 | $72,014 |
| Over 8% | 118 | $4,550,000 | $38,559 |
| 7-8% | 58 | $2,310,000 | $39,828 |
| 6-7% | 55 | $2,405,000 | $43,727 |
During 2020, Elkhart - Goshen's most frequently originated rate bucket was 3-4%, with 4,029 originations.
Loan Sizing (ELKHART-GOSHEN, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 3,886 | $564,510,000 | $145,268 |
| $100,000 or less | 2,306 | $134,970,000 | $58,530 |
| $200k-400k | 2,091 | $549,385,000 | $262,738 |
| $400k-600k | 223 | $103,475,000 | $464,013 |
| $600k-1000k | 33 | $24,305,000 | $736,515 |
| $Over $1MM | 17 | $80,915,000 | $4,759,706 |
ELKHART - GOSHEN's loan sizing saw the bucket of loans from $100k-200k with 3,886 originations, totaling $564,510,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,962 | $576,200,000 | $194,531 |
| 60-80% | 2,334 | $465,880,000 | $199,606 |
| 40-60% | 959 | $145,785,000 | $152,018 |
| 20-40% | 557 | $46,115,000 | $82,792 |
| Under 20% | 503 | $15,535,000 | $30,885 |
| Over 100% | 65 | $16,345,000 | $251,462 |
ELKHART - GOSHEN's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,962 originations, totaling $576,200,000 in origination value.