ELKHART - GOSHEN Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Elkhart - Goshen averaged 7.22% for the week of 2024-06-13, compared to the national average of 6.95% for the same period.

The average rate for the prior week (2024-06-06) was 7.06% and one month ago for the week of 2024-05-09, the average rate was 7.16%.

Elkhart - Goshen's average rate one year ago was 7.08%.

For refis of the same type during the week of 2024-06-13, the average rate was 7.69%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-13 6.95%
Elkhart - Goshen 30 Year Fixed Rate 2024-06-13 7.22%
Elkhart - Goshen 30 Year Fixed Rate Refi 2024-06-13 7.69%
Elkhart - Goshen 15 Year Fixed Rate 2024-06-13 6.37%
Elkhart - Goshen 15 Year Fixed Rate Refi 2024-06-13 6.47%
Elkhart - Goshen 30 Year FHA 2024-06-13 7.23%
Elkhart - Goshen 30 Year FHA Refi 2024-06-13 6.51%
Elkhart - Goshen 30 Year USDA 2024-06-13 6.61%
Elkhart - Goshen 30 Year USDA Refi 2024-06-13 6.71%
Elkhart - Goshen 30 Year VA 2024-06-13 6.8%
Elkhart - Goshen 30 Year VA Refi 2024-06-13 6.42%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within ELKHART-GOSHEN, IN.

ELKHART - GOSHEN 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 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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
INTERRA CREDIT UNION 181 6.48% $2,675
CARDINAL FINANCIAL 166 7.12% $4,188
RUOFF MORTGAGE COMPANY, INC. 143 6.94% $3,886
CHURCHILL MORTGAGE CORPORATION 87 7.24% $5,158
QUICKEN LOANS, LLC 78 6.89% $5,720
First State Bank of Middlebury 59 6.74% $2,396
HALLMARK HOME MORTGAGE, LLC 57 7.06% $4,680
First Federal Savings Bank 55 7.38% $3,214
JPMorgan Chase Bank 54 6.85% $2,898
TEACHERS CREDIT UNION 52 7.29% $2,617
Notre Dame Federal Credit Union Corporation 46 6.94% $3,451
1st Source Bank 36 6.93% $3,821
UNITED WHOLESALE MORTGAGE, LLC 33 6.84% $5,281
GUARANTEED RATE, INC. 33 7.06% $3,771
INOVA FEDERAL CREDIT UNION 30 6.64% $1,817
Lake City Bank 29 6.74% $2,703
EVERETT FINANCIAL, INC. 26 7.25% $4,727
Horizon Bank 22 7.13% $2,694
EVERENCE FEDERAL CREDIT UNION 21 8.27% $2,233
UNITED 18 6.97% $3,260
Centier Bank 17 7.47% $1,906
KeyBank 15 6.50% $3,552
LOANDEPOT.COM, LLC 15 6.83% $3,535
Farm Credit Mid-America, ACA 14 7.19% $5,325
Mr. Cooper ( Nationstar Mortgage ) 10 6.87% $6,433
Farmers State Bank 10 7.23% $2,935
Wells Fargo Bank 10 6.50% $3,849
Circle Federal Credit Union 8 7.39% $3,829
U.S. Bank 8 6.63% $3,232
Fifth Third Bank 8 6.72% $2,891
GENEVA FINANCIAL, LLC 7 6.95% $4,054
The Huntington National Bank 7 6.70% $3,974
MOVEMENT MORTGAGE, LLC 5 7.55% $4,699
Chiphone Federal Credit Union 5 6.40% $3,088
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 7.45% $5,432
Northwest Bank 5 7.08% $2,921
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.19% $4,844
Old National Bank 4 6.41% $2,493
BETTER MORTGAGE CORPORATION 4 6.31% $2,357
VAN DYK MORTGAGE CORPORATION 4 6.88% $2,621
Flagstar Bank, FSB 4 6.79% $3,927
Nations Lending Corporation 3 7.08% $6,149
NBKC BANK 3 5.96% $2,450
ROYAL UNITED MORTGAGE LLC 3 6.92% $6,823
Ally Bank 3 6.38% $8,160
CROSSCOUNTRY MORTGAGE, LLC 3 7.90% $6,103
STOCKTON MORTGAGE CORPORATION 3 6.67% $4,830
NEWREZ LLC 3 7.62% $4,529
PNC Bank 3 6.33% $2,690
PENNYMAC LOAN SERVICES, LLC 3 6.54% $6,413
ON Q FINANCIAL, INC. 3 6.75% $3,094
OMNI Community Credit Union 3 6.25% $4,514
GVC MORTGAGE, INC. 3 7.04% $3,850
HOMESIDE FINANCIAL, LLC 3 6.63% $3,305
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.63% $6,797
BROKER SOLUTIONS, INC. 2 6.49% $5,788
ACADEMY MORTGAGE CORPORATION 2 7.38% $5,223
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 7.19% $5,916
AMERISAVE MORTGAGE CORPORATION 2 5.88% $8,624
BEACON CREDIT UNION 2 6.75% $2,063
BMO Harris Bank 2 6.31% $7,921
Carrington Mortgage Services, LLC 2 6.25% $7,160
Discover Bank 2 7.12% $0
Mortgage Research Center, LLC 2 7.31% $6,578
Northpointe Bank 2 7.13% $6,768
OAK MORTGAGE, LLC 2 7.00% $2,157
ProFed Federal Credit Union 2 6.06% $2,608
The Farmers & Merchants State Bank 2 7.13% $3,642
THRIVE MORTGAGE, LLC 2 7.50% $2,741
USAA Federal Savings Bank 2 6.88% $3,097
V.I.P. MORTGAGE, INC. 2 7.31% $5,970
ZILLOW HOME LOANS, LLC 2 6.94% $9,983
LAKE MICHIGAN CREDIT UNION 1 6.13% $2,254
INDIANA MEMBERS CREDIT UNION 1 6.50% $2,599
Arvest Bank 1 6.75% $2,248
Grand Valley Bank 1 7.00% $5,144
Goldwater Bank, N.A. 1 7.25% $4,986
FREEDOM MORTGAGE CORPORATION 1 7.50% $8,365
OPEN MORTGAGE, LLC 1 7.63% $4,422
First Merchants Bank 1 7.50% $2,480
PENTAGON FEDERAL CREDIT UNION 1 6.38% $5,492
First Farmers Bank and Trust Company 1 6.88% $2,673
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.50% $3,385
ALLIED MORTGAGE GROUP, INC. 1 5.25% $6,004
Prosperity Home Mortgage, LLC 1 7.63% $2,424
PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.88% $3,834
ENDEAVOR CAPITAL, LLC. 1 6.25% $6,000
Quontic Bank 1 8.75% $7,704
DEEPHAVEN MORTGAGE LLC 1 10.38% $5,885
CREDIT UNION ONE 1 6.38% $2,713
Sierra Pacific Mortgage Company, Inc. 1 5.88% $3,976
SIRVA MORTGAGE, INC. 1 5.75% $477
CONSUMERS 1 6.38% $2,655
Superior Credit Union, Inc. 1 6.38% $4,413
Citizens Bank 1 6.50% $5,837
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.00% $8,283
The Federal Savings Bank 1 6.50% $2,492
CHERRY CREEK MORTGAGE, LLC 1 6.63% $675
Three Rivers Federal Credit Union 1 6.63% $2,180
American Mortgage & Equity Consultants, Inc. 1 6.88% $8,869
TOP FLITE FINANCIAL, INC. 1 6.88% $10,654
UNION HOME MORTGAGE CORP. 1 6.63% $2,574
Union Savings Bank 1 7.00% $1,493
Mortgage Assurance Inc. 1 7.63% $1,578
MORTGAGE 1 INCORPORATED 1 6.99% $4,960
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.25% $7,111
NAVY FEDERAL CREDIT UNION 1 8.50% $4,069
MEMBER FIRST MORTGAGE, LLC 1 6.63% $3,501
LEADERONE FINANCIAL CORPORATION 1 6.99% $5,272
NORTHERN MORTGAGE SERVICES, LLC 1 7.25% $9,045
CALIBER HOME LOANS, INC. 1 7.50% $2,956

ELKHART - GOSHEN Average Closing Costs & Other Stats

ELKHART-GOSHEN, IN's 111 lenders originated 4,294 loans during 2023. The total origination value was $658,460,000, with an average loan value of $153,344.

ELKHART - GOSHEN's average closing costs are $3,811.

The top ELKHART - GOSHEN lender as defined by loan originations is INTERRA CREDIT UNION, with 181 loans originated. Their average total fees are $2,675, which is $1,513 lower than the next largest lender, CARDINAL FINANCIAL.

The lowest fee ELKHART - GOSHEN lenders (with over 10 loans originated) are INOVA FEDERAL CREDIT UNION ($1,817), Centier Bank ($1,906), EVERENCE FEDERAL CREDIT UNION ($2,233), First State Bank of Middlebury ($2,396) and TEACHERS CREDIT UNION ($2,617).

The lowest rate ELKHART - GOSHEN lenders (with over 10 loans originated) are INTERRA CREDIT UNION (6.48%), KeyBank (6.50%), Wells Fargo Bank (6.50%), INOVA FEDERAL CREDIT UNION (6.64%) and Lake City Bank (6.74%).

ELKHART-GOSHEN, 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
INTERRA CREDIT UNION $120,680,000 $79,415,000 -34.2% 12.1%
CARDINAL FINANCIAL $71,430,000 $59,445,000 -16.8% 9.0%
RUOFF MORTGAGE COMPANY, INC. $49,530,000 $42,730,000 -13.7% 6.5%
Lake City Bank $49,780,000 $38,615,000 -22.4% 5.9%
QUICKEN LOANS, LLC $43,635,000 $33,120,000 -24.1% 5.0%
1st Source Bank $43,425,000 $28,655,000 -34.0% 4.4%
TEACHERS CREDIT UNION $37,625,000 $27,430,000 -27.1% 4.2%
CHURCHILL MORTGAGE CORPORATION $7,165,000 $23,350,000 225.9% 3.5%
HALLMARK HOME MORTGAGE, LLC $17,830,000 $20,720,000 16.2% 3.1%
Notre Dame Federal Credit Union Corporation $26,050,000 $19,270,000 -26.0% 2.9%
First State Bank of Middlebury $47,260,000 $18,945,000 -59.9% 2.9%
First Federal Savings Bank $2,750,000 $16,470,000 498.9% 2.5%
UNITED WHOLESALE MORTGAGE, LLC $11,370,000 $13,660,000 20.1% 2.1%
INOVA FEDERAL CREDIT UNION $16,230,000 $12,460,000 -23.2% 1.9%
GUARANTEED RATE, INC. $37,215,000 $11,630,000 -68.7% 1.8%
JPMorgan Chase Bank $17,745,000 $11,630,000 -34.5% 1.8%
EVERETT FINANCIAL, INC. $22,490,000 $10,830,000 -51.8% 1.6%
Horizon Bank $28,220,000 $8,845,000 -68.7% 1.3%
Farmers State Bank $22,045,000 $8,550,000 -61.2% 1.3%
The Campbell & Fetter Bank $5,510,000 $7,760,000 40.8% 1.2%
Mortgage Research Center, LLC $9,870,000 $7,740,000 -21.6% 1.2%
Centier Bank $6,540,000 $6,655,000 1.8% 1.0%
TRIAD FINANCIAL SERVICES, INC. $6,355,000 $6,065,000 -4.6% 0.9%
EVERENCE FEDERAL CREDIT UNION $8,080,000 $5,860,000 -27.5% 0.9%
KeyBank $14,120,000 $5,720,000 -59.5% 0.9%
Farm Credit Mid-America, ACA $7,875,000 $5,340,000 -32.2% 0.8%
LOANDEPOT.COM, LLC $11,090,000 $4,870,000 -56.1% 0.7%
UNITED $8,550,000 $4,670,000 -45.4% 0.7%
PNC Bank $5,950,000 $4,360,000 -26.7% 0.7%
The Huntington National Bank $4,250,000 $4,225,000 -0.6% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $8,635,000 $3,875,000 -55.1% 0.6%
Northwest Bank $2,955,000 $3,670,000 24.2% 0.6%
Wells Fargo Bank $5,960,000 $3,450,000 -42.1% 0.5%
BMO Harris Bank $115,000 $3,150,000 2,639.1% 0.5%
Fifth Third Bank $4,675,000 $3,140,000 -32.8% 0.5%
GENEVA FINANCIAL, LLC $2,035,000 $2,940,000 44.5% 0.4%
FREEDOM MORTGAGE CORPORATION $7,495,000 $2,785,000 -62.8% 0.4%
PENNYMAC LOAN SERVICES, LLC $3,935,000 $2,765,000 -29.7% 0.4%
First National Bank of Michigan $2,755,000 n/a 0.4%
U.S. Bank $1,800,000 $2,440,000 35.6% 0.4%
Old National Bank $9,295,000 $2,425,000 -73.9% 0.4%
Nations Lending Corporation $1,095,000 $2,305,000 110.5% 0.4%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,335,000 $2,070,000 55.1% 0.3%
LENDINGHOME FUNDING CORPORATION $210,000 $2,050,000 876.2% 0.3%
NEWREZ LLC $3,800,000 $1,965,000 -48.3% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $1,930,000 $1,920,000 -0.5% 0.3%
Circle Federal Credit Union $2,550,000 $1,790,000 -29.8% 0.3%
MOVEMENT MORTGAGE, LLC $1,675,000 n/a 0.3%
AMERISAVE MORTGAGE CORPORATION $5,025,000 $1,570,000 -68.8% 0.2%
USAA Federal Savings Bank $560,000 $1,550,000 176.8% 0.2%
Discover Bank $660,000 $1,545,000 134.1% 0.2%
The Federal Savings Bank $880,000 $1,440,000 63.6% 0.2%
GVC MORTGAGE, INC. $870,000 $1,415,000 62.6% 0.2%
Flagstar Bank, FSB $2,605,000 $1,390,000 -46.6% 0.2%
Northpointe Bank $1,000,000 $1,280,000 28.0% 0.2%
BROKER SOLUTIONS, INC. $2,185,000 $1,270,000 -41.9% 0.2%
21ST MORTGAGE CORPORATION $1,145,000 $1,220,000 6.6% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,835,000 $1,210,000 -57.3% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $1,135,000 $1,165,000 2.6% 0.2%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $2,380,000 $1,105,000 -53.6% 0.2%
Chiphone Federal Credit Union $805,000 $1,070,000 32.9% 0.2%
VAN DYK MORTGAGE CORPORATION $3,015,000 $1,025,000 -66.0% 0.2%
V.I.P. MORTGAGE, INC. $3,030,000 $990,000 -67.3% 0.2%
ZILLOW HOME LOANS, LLC $870,000 $985,000 13.2% 0.1%
Three Rivers Federal Credit Union $405,000 $970,000 139.5% 0.1%
LAKEVIEW LOAN SERVICING, LLC $1,935,000 $955,000 -50.6% 0.1%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $345,000 $940,000 172.5% 0.1%
ACADEMY MORTGAGE CORPORATION $440,000 $920,000 109.1% 0.1%
ON Q FINANCIAL, INC. $920,000 n/a 0.1%
Ally Bank $445,000 $865,000 94.4% 0.1%
BEACON CREDIT UNION $175,000 $865,000 394.3% 0.1%
Prosperity Home Mortgage, LLC $865,000 n/a 0.1%
BETTER MORTGAGE CORPORATION $435,000 $850,000 95.4% 0.1%
NEW DAY FINANCIAL, LLC $1,370,000 $840,000 -38.7% 0.1%
STOCKTON MORTGAGE CORPORATION $820,000 n/a 0.1%
Carrington Mortgage Services, LLC $2,025,000 $815,000 -59.8% 0.1%
NBKC BANK $325,000 $800,000 146.2% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $775,000 n/a 0.1%
Honor Credit Union $380,000 $760,000 100.0% 0.1%
Figure Lending LLC $590,000 $725,000 22.9% 0.1%
OMNI Community Credit Union $175,000 $715,000 308.6% 0.1%
Equity Prime Mortgage LLC $1,185,000 $700,000 -40.9% 0.1%
Elements Financial Federal Credit Union $525,000 $685,000 30.5% 0.1%
MYCUMORTGAGE, LLC $680,000 n/a 0.1%
The Farmers & Merchants State Bank $155,000 $675,000 335.5% 0.1%
NAVY FEDERAL CREDIT UNION $1,905,000 $630,000 -66.9% 0.1%
FINANCE OF AMERICA REVERSE LLC $645,000 $615,000 -4.7% 0.1%
INDIANA MEMBERS CREDIT UNION $600,000 n/a 0.1%
Mortgage Assurance Inc. $945,000 $585,000 -38.1% 0.1%
VILLAGE CAPITAL MORTGAGE $1,275,000 $585,000 -54.1% 0.1%
UNION HOME MORTGAGE CORP. $850,000 $580,000 -31.8% 0.1%
TOP FLITE FINANCIAL, INC. $125,000 $570,000 356.0% 0.1%
ProFed Federal Credit Union $560,000 n/a 0.1%
SIRVA MORTGAGE, INC. $555,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $1,075,000 $520,000 -51.6% 0.1%
MEMBER FIRST MORTGAGE, LLC $55,000 $495,000 800.0% 0.1%
FORUM Credit Union $480,000 n/a 0.1%
AMWEST FUNDING CORP. $470,000 n/a 0.1%
First Farmers Bank and Trust Company $165,000 $450,000 172.7% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $335,000 $445,000 32.8% 0.1%
LAKE MICHIGAN CREDIT UNION $510,000 $440,000 -13.7% 0.1%
OCEANSIDE MORTGAGE COMPANY $680,000 $435,000 -36.0% 0.1%
HOMESIDE FINANCIAL, LLC $435,000 $410,000 -5.7% 0.1%
Citizens Bank $1,890,000 $395,000 -79.1% 0.1%
GREENSTATE CREDIT UNION $305,000 $390,000 27.9% 0.1%
MORTGAGE 1 INCORPORATED $375,000 n/a 0.1%
First Merchants Bank $2,200,000 $370,000 -83.2% 0.1%
Paramount Residential Mortgage Group, Inc. $540,000 $360,000 -33.3% 0.1%
Loan Simple, Inc. $175,000 $355,000 102.9% 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $355,000 n/a 0.1%
CRESCENT MORTGAGE COMPANY $335,000 n/a 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $325,000 n/a 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $320,000 n/a 0.0%
THRIVE MORTGAGE, LLC $320,000 n/a 0.0%
ALLIED MORTGAGE GROUP, INC. $165,000 $315,000 90.9% 0.0%
SPRING EQ, LLC $380,000 $315,000 -17.1% 0.0%
OAK MORTGAGE, LLC $85,000 $310,000 264.7% 0.0%
Arvest Bank $105,000 $300,000 185.7% 0.0%
Truist $215,000 $300,000 39.5% 0.0%
FirstBank $65,000 $295,000 353.8% 0.0%
Grand Valley Bank $295,000 n/a 0.0%
Bank of America $365,000 $290,000 -20.5% 0.0%
CALIBER HOME LOANS, INC. $2,270,000 $285,000 -87.4% 0.0%
NORTHERN MORTGAGE SERVICES, LLC $285,000 n/a 0.0%
VERITAS FUNDING, LLC $225,000 $285,000 26.7% 0.0%
Credence Funding Corporation $255,000 n/a 0.0%
OCMBC, INC. $250,000 n/a 0.0%
Goldwater Bank, N.A. $245,000 n/a 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $340,000 $245,000 -27.9% 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $235,000 n/a 0.0%
CHERRY CREEK MORTGAGE, LLC $465,000 $225,000 -51.6% 0.0%
Magnolia Bank $215,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $240,000 $215,000 -10.4% 0.0%
American Mortgage & Equity Consultants, Inc. $205,000 n/a 0.0%
Bank of England $580,000 $205,000 -64.7% 0.0%
PLAZA HOME MORTGAGE, INC. $460,000 $205,000 -55.4% 0.0%
Superior Credit Union, Inc. $205,000 n/a 0.0%
GUILD MORTGAGE COMPANY $195,000 n/a 0.0%
LEADERONE FINANCIAL CORPORATION $535,000 $195,000 -63.6% 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $535,000 $195,000 -63.6% 0.0%
CREDIT UNION ONE $185,000 n/a 0.0%
RELIANCE FIRST CAPITAL, LLC $1,385,000 $185,000 -86.6% 0.0%
Citibank $175,000 n/a 0.0%
DOMINION FINANCIAL SERVICES, LLC $175,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $230,000 $175,000 -23.9% 0.0%
LIBERTY HOME MORTGAGE CORPORATION $175,000 n/a 0.0%
Mid-Continent Funding, Inc. $165,000 n/a 0.0%
Quontic Bank $165,000 n/a 0.0%
CONSUMERS $155,000 n/a 0.0%
ENDEAVOR CAPITAL, LLC. $145,000 $155,000 6.9% 0.0%
First Savings Bank $155,000 n/a 0.0%
FOUNDATION MORTGAGE CORPORATION $155,000 n/a 0.0%
AXIA FINANCIAL, LLC $150,000 n/a 0.0%
Southern Michigan Bank & Trust $45,000 $150,000 233.3% 0.0%
DEEPHAVEN MORTGAGE LLC $145,000 n/a 0.0%
OPEN MORTGAGE, LLC $410,000 $145,000 -64.6% 0.0%
GUARANTEED RATE AFFINITY, LLC $135,000 n/a 0.0%
HOMEXPRESS MORTGAGE CORP. $135,000 n/a 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $185,000 $135,000 -27.0% 0.0%
NEXERA HOLDING LLC $125,000 n/a 0.0%
STAR USA FEDERAL CREDIT UNION $125,000 n/a 0.0%
PREMIER MORTGAGE RESOURCES, L.L.C. $120,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $505,000 $115,000 -77.2% 0.0%
PLANET HOME LENDING, LLC $115,000 $115,000 0.0% 0.0%
Union Savings Bank $115,000 n/a 0.0%
Sierra Pacific Mortgage Company, Inc. $95,000 n/a 0.0%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $85,000 n/a 0.0%
Third Federal Savings and Loan Association of Cleveland $775,000 $75,000 -90.3% 0.0%
Baxter Credit Union $65,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $95,000 $65,000 -31.6% 0.0%
Connexus Credit Union $55,000 n/a 0.0%
EVANSVILLE TEACHERS $55,000 n/a 0.0%
PURDUE FEDERAL CREDIT UNION $45,000 n/a 0.0%
Busey Bank $11,275,000 $25,000 -99.8% 0.0%

ELKHART - GOSHEN's top lender by overall market share is INTERRA CREDIT UNION, with 12.1% market share. In second place, with 9.0%, is CARDINAL FINANCIAL, having originated $59,445,000 in loans. In third place, with 6.5%, is RUOFF MORTGAGE COMPANY, INC., having originated $42,730,000 in loans. In fourth place, with 5.9%, is Lake City Bank, having originated $38,615,000 in loans. In fifth place, with 5.0%, is QUICKEN LOANS, LLC, having originated $33,120,000 in loans.


ELKHART - GOSHEN Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - ELKHART - GOSHEN (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 $157,225 (-0.9%) $218,363 (1.7%) 0.58 377
2018-02-01 $159,500 (0.0%) $224,745 (4.8%) 0.58 325
2018-03-01 $175,875 (10.6%) $231,866 (4.7%) 0.62 299
2018-04-01 $178,075 (-1.0%) $234,011 (-2.8%) 0.60 282
2018-05-01 $187,425 (0.3%) $246,515 (0.8%) 0.63 308
2018-06-01 $199,900 (10.4%) $263,904 (11.4%) 0.67 363
2018-07-01 $201,200 (15.0%) $267,147 (13.5%) 0.67 407
2018-08-01 $202,450 (16.1%) $259,895 (14.0%) 0.68 432
2018-09-01 $196,900 (12.6%) $252,904 (7.9%) 0.66 447
2018-10-01 $186,200 (9.6%) $248,630 (5.9%) 0.63 442
2018-11-01 $189,075 (11.4%) $249,892 (8.7%) 0.64 443
2018-12-01 $190,900 (19.4%) $244,766 (10.1%) 0.66 410
2019-01-01 $189,325 (20.4%) $241,491 (10.6%) 0.65 368
2019-02-01 $197,000 (23.5%) $247,863 (10.3%) 0.67 347
2019-03-01 $207,957 (18.2%) $268,130 (15.6%) 0.68 309
2019-04-01 $219,900 (23.5%) $287,754 (23.0%) 0.70 269
2019-05-01 $219,900 (17.3%) $280,583 (13.8%) 0.69 270
2019-06-01 $219,975 (10.0%) $277,445 (5.1%) 0.69 295
2019-07-01 $218,225 (8.5%) $280,206 (4.9%) 0.68 319
2019-08-01 $207,245 (2.4%) $264,702 (1.9%) 0.66 357
2019-09-01 $203,114 (3.2%) $255,604 (1.1%) 0.65 380
2019-10-01 $194,925 (4.7%) $247,521 (-0.5%) 0.63 395
2019-11-01 $189,500 (0.2%) $239,778 (-4.1%) 0.62 382
2019-12-01 $184,975 (-3.1%) $233,559 (-4.6%) 0.62 343
2020-01-01 $189,900 (0.3%) $240,378 (-0.5%) 0.63 309
2020-02-01 $199,900 (1.5%) $244,567 (-1.3%) 0.65 275
2020-03-01 $216,425 (4.1%) $271,390 (1.2%) 0.68 239
2020-04-01 $216,450 (-1.6%) $274,086 (-4.8%) 0.68 240
2020-05-01 $248,900 (13.2%) $300,822 (7.2%) 0.76 229
2020-06-01 $265,900 (20.9%) $311,584 (12.3%) 0.78 216
2020-07-01 $262,400 (20.2%) $319,563 (14.1%) 0.76 204
2020-08-01 $244,900 (18.2%) $319,841 (20.8%) 0.70 211
2020-09-01 $225,950 (11.2%) $312,289 (22.2%) 0.65 194
2020-10-01 $219,900 (12.8%) $297,961 (20.4%) 0.63 209
2020-11-01 $210,925 (11.3%) $284,886 (18.8%) 0.62 187
2020-12-01 $200,850 (8.6%) $290,003 (24.2%) 0.60 158
2021-01-01 $189,900 (0.0%) $285,457 (18.8%) 0.57 126
2021-02-01 $181,150 (-9.4%) $292,907 (19.8%) 0.53 90
2021-03-01 $173,700 (-19.7%) $275,318 (1.5%) 0.49 98
2021-04-01 $149,975 (-30.7%) $260,376 (-5.0%) 0.41 106
2021-05-01 $139,950 (-43.8%) $264,117 (-12.2%) 0.37 109
2021-06-01 $237,675 (-10.6%) $307,073 (-1.5%) 0.63 119
2021-07-01 $249,900 (-4.8%) $324,076 (1.4%) 0.66 124
2021-08-01 $229,600 (-6.3%) $315,770 (-1.3%) 0.61 132
2021-09-01 $232,313 (2.8%) $324,153 (3.8%) 0.62 134
2021-10-01 $224,700 (2.2%) $298,920 (0.3%) 0.60 126
2021-11-01 $224,750 (6.6%) $299,709 (5.2%) 0.60 118
2021-12-01 $207,325 (3.2%) $285,781 (-1.5%) 0.56 112
2022-01-01 $205,000 (8.0%) $292,599 (2.5%) 0.55 86
2022-02-01 $197,400 (9.0%) $289,353 (-1.2%) 0.51 67
2022-03-01 $228,300 (31.4%) $295,306 (7.3%) 0.57 72
2022-04-01 $249,900 (66.6%) $331,466 (27.3%) 0.60 92
2022-05-01 $259,925 (85.7%) $349,048 (32.2%) 0.59 100
2022-06-01 $280,825 (18.2%) $357,669 (16.5%) 0.63 142
2022-07-01 $264,900 (6.0%) $346,773 (7.0%) 0.60 178
2022-08-01 $255,450 (11.3%) $333,928 (5.8%) 0.59 198
2022-09-01 $257,425 (10.8%) $335,251 (3.4%) 0.60 196
2022-10-01 $259,900 (15.7%) $352,497 (17.9%) 0.61 205
2022-11-01 $266,150 (18.4%) $350,499 (17.0%) 0.64 215
2022-12-01 $257,900 (24.4%) $335,857 (17.5%) 0.64 191
2023-01-01 $252,950 (23.4%) $341,954 (16.9%) 0.63 153
2023-02-01 $260,175 (31.8%) $350,316 (21.1%) 0.63 143
2023-03-01 $274,700 (20.3%) $350,962 (18.9%) 0.65 157
2023-04-01 $299,900 (20.0%) $371,857 (12.2%) 0.70 140
2023-05-01 $282,450 (8.7%) $390,329 (11.8%) 0.64 161
2023-06-01 $284,950 (1.5%) $394,902 (10.4%) 0.64 182
2023-07-01 $295,000 (11.4%) $401,194 (15.7%) 0.67 195
2023-08-01 $284,900 (11.5%) $384,105 (15.0%) 0.65 192
2023-09-01 $279,900 (8.7%) $363,976 (8.6%) 0.65 241
2023-10-01 $268,725 (3.4%) $344,583 (-2.3%) 0.63 253
2023-11-01 $264,500 (-0.6%) $329,879 (-5.9%) 0.63 266
2023-12-01 $260,000 (0.8%) $315,791 (-6.0%) 0.63 258
2024-01-01 $262,400 (3.7%) $336,922 (-1.5%) 0.64 246
2024-02-01 $275,825 (6.0%) $351,115 (0.2%) 0.66 180
2024-03-01 $295,000 (7.4%) $368,081 (4.9%) 0.69 172
2024-04-01 $309,900 (3.3%) $395,421 (6.3%) 0.72 173
2024-05-01 $321,250 (13.7%) $414,934 (6.3%) 0.73 176
ELKHART - GOSHEN's median listing price for 2024-05-01 was $321,250, a difference of $38,800 (13.7%) versus the prior year and $11,350 versus the prior month.

ELKHART - GOSHEN's median listing price comes in at 73% of the national average.

ELKHART - GOSHEN's average listing price for 2024-05-01 was $414,934, a difference of $24,605 (6.3%) versus the prior year and $19,513 versus the prior month.

For the 2024-05-01 period, ELKHART - GOSHEN had 176 MLS listings, a difference of 3 listings (2%) versus the prior month and 15 listings (9%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - ELKHART - GOSHEN (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 83 days 1,791 sqft
2018-02-01 89 days 1,787 sqft
2018-03-01 59 days 1,848 sqft
2018-04-01 42 days 1,913 sqft
2018-05-01 33 days 1,948 sqft
2018-06-01 32 days 2,066 sqft
2018-07-01 39 days 2,071 sqft
2018-08-01 42 days 2,037 sqft
2018-09-01 42 days 2,041 sqft
2018-10-01 51 days 2,011 sqft
2018-11-01 54 days 2,054 sqft
2018-12-01 63 days 2,075 sqft
2019-01-01 75 days 2,048 sqft
2019-02-01 71 days 2,069 sqft
2019-03-01 58 days 2,205 sqft
2019-04-01 47 days 2,370 sqft
2019-05-01 39 days 2,296 sqft
2019-06-01 37 days 2,342 sqft
2019-07-01 40 days 2,333 sqft
2019-08-01 42 days 2,222 sqft
2019-09-01 47 days 2,115 sqft
2019-10-01 50 days 2,016 sqft
2019-11-01 52 days 1,951 sqft
2019-12-01 64 days 1,860 sqft
2020-01-01 75 days 1,856 sqft
2020-02-01 69 days 1,888 sqft
2020-03-01 49 days 2,048 sqft
2020-04-01 55 days 1,994 sqft
2020-05-01 57 days 2,334 sqft
2020-06-01 40 days 2,323 sqft
2020-07-01 40 days 2,275 sqft
2020-08-01 30 days 2,244 sqft
2020-09-01 37 days 2,108 sqft
2020-10-01 32 days 2,077 sqft
2020-11-01 39 days 1,820 sqft
2020-12-01 52 days 1,801 sqft
2021-01-01 59 days 1,737 sqft
2021-02-01 55 days 1,895 sqft
2021-03-01 25 days 1,746 sqft
2021-04-01 15 days 1,610 sqft
2021-05-01 19 days 1,612 sqft
2021-06-01 13 days 2,166 sqft
2021-07-01 17 days 2,163 sqft
2021-08-01 24 days 1,840 sqft
2021-09-01 24 days 1,887 sqft
2021-10-01 26 days 1,660 sqft
2021-11-01 26 days 1,821 sqft
2021-12-01 43 days 1,650 sqft
2022-01-01 53 days 1,660 sqft
2022-02-01 37 days 1,606 sqft
2022-03-01 30 days 1,684 sqft
2022-04-01 11 days 1,958 sqft
2022-05-01 16 days 1,912 sqft
2022-06-01 17 days 2,043 sqft
2022-07-01 24 days 1,984 sqft
2022-08-01 30 days 1,930 sqft
2022-09-01 31 days 1,900 sqft
2022-10-01 32 days 1,928 sqft
2022-11-01 39 days 1,923 sqft
2022-12-01 47 days 1,820 sqft
2023-01-01 59 days 1,755 sqft
2023-02-01 45 days 1,737 sqft
2023-03-01 37 days 1,767 sqft
2023-04-01 37 days 1,895 sqft
2023-05-01 30 days 1,837 sqft
2023-06-01 26 days 1,950 sqft
2023-07-01 33 days 1,971 sqft
2023-08-01 36 days 1,885 sqft
2023-09-01 35 days 1,995 sqft
2023-10-01 37 days 1,938 sqft
2023-11-01 45 days 1,819 sqft
2023-12-01 50 days 1,799 sqft
2024-01-01 59 days 1,816 sqft
2024-02-01 58 days 1,860 sqft
2024-03-01 39 days 1,911 sqft
2024-04-01 39 days 1,988 sqft
2024-05-01 30 days 2,081 sqft
ELKHART - GOSHEN's median listing age (time on market) for 2024-05-01 was 30 days. This is 2% longer than the same period one year ago.

ELKHART - GOSHEN's median square footage for active listings during the 2024-05-01 period was 2,081 sqft. One year prior, the average listing was 1,837 sqft.

ELKHART-GOSHEN, IN Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
46507 Elkhart-Goshen, IN MSA $740 $780 $1,000 $1,280 $1,340
46514 Elkhart-Goshen, IN MSA $800 $840 $1,070 $1,370 $1,440
46515 Elkhart-Goshen, IN MSA $740 $770 $990 $1,270 $1,330
46516 Elkhart-Goshen, IN MSA $700 $730 $940 $1,200 $1,260
46517 Elkhart-Goshen, IN MSA $660 $750 $890 $1,140 $1,200
46526 Elkhart-Goshen, IN MSA $740 $770 $990 $1,270 $1,330
46527 Elkhart-Goshen, IN MSA $740 $770 $990 $1,270 $1,330
46528 Elkhart-Goshen, IN MSA $750 $790 $1,010 $1,290 $1,360
46530 Elkhart-Goshen, IN MSA $1,100 $1,330 $1,600 $2,030 $2,140
46540 Elkhart-Goshen, IN MSA $800 $840 $1,080 $1,380 $1,450
46542 Elkhart-Goshen, IN MSA $620 $640 $830 $1,060 $1,110
46543 Elkhart-Goshen, IN MSA $790 $830 $1,060 $1,360 $1,420
46550 Elkhart-Goshen, IN MSA $720 $750 $960 $1,230 $1,290
46553 Elkhart-Goshen, IN MSA $730 $760 $980 $1,250 $1,320
46561 Elkhart-Goshen, IN MSA $830 $1,000 $1,200 $1,520 $1,610
46565 Elkhart-Goshen, IN MSA $740 $770 $990 $1,270 $1,330
46567 Elkhart-Goshen, IN MSA $740 $780 $1,000 $1,280 $1,340
46573 Elkhart-Goshen, IN MSA $670 $750 $910 $1,160 $1,220
46767 Elkhart-Goshen, IN MSA $680 $710 $910 $1,160 $1,220

2022 Average & Median Rent Data Statistics
ELKHART-GOSHEN, IN average 1BR rent: $808, median: $770
ELKHART-GOSHEN, IN average 2BR rent: $1,021, median: $990
ELKHART-GOSHEN, IN average 3BR rent: $1,305, median: $1,270

ELKHART-GOSHEN, IN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,256 $448,240,000 $198,688
Cash Out Refi 609 $85,705,000 $140,731
Other 517 $41,455,000 $80,184
Home Improvement 462 $31,250,000 $67,641
Refi 450 $51,810,000 $115,133

Elkhart - Goshen's most frequently cited loan purpose was Home Purchase, with 2,256 originations. The 2nd most popular reason was Cash Out Refi, with 609 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
Over 8% 1,301 $114,355,000 $87,898
6-7% 1,213 $244,545,000 $201,603
7-8% 1,133 $210,735,000 $185,997
5-6% 287 $60,675,000 $211,411
<2.5% 205 $7,075,000 $34,512
2.5-3% 74 $4,410,000 $59,595
3-4% 23 $2,545,000 $110,652
4-5% 17 $3,215,000 $189,118

During 2023, Elkhart - Goshen's most frequently originated rate bucket was Over 8%, with 1,301 originations.

Loan Sizing (ELKHART-GOSHEN, IN MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 1,721 $82,675,000 $48,039
$100k-200k 1,367 $202,665,000 $148,255
$200k-400k 1,044 $279,710,000 $267,921
$400k-600k 122 $57,260,000 $469,344
$600k-1000k 31 $22,155,000 $714,677
$Over $1MM 9 $13,995,000 $1,555,000

ELKHART - GOSHEN's loan sizing saw the bucket of loans from $100,000 or less with 1,721 originations, totaling $82,675,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,489 $325,705,000 $218,741
Under 20% 868 $33,660,000 $38,779
60-80% 717 $156,625,000 $218,445
20-40% 681 $59,645,000 $87,584
40-60% 358 $59,160,000 $165,251
Over 100% 21 $6,735,000 $320,714

ELKHART - GOSHEN's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,489 originations, totaling $325,705,000 in origination value.