ELKHART - GOSHEN Mortgage Rates

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

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%
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 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.).

Name # of Loans 2020 Avg. 30yFix Rate 2020 Avg. Total Fees
INTERRA CREDIT UNION 390 3.36% $2,414
RUOFF MORTGAGE COMPANY, INC. 351 3.32% $1,998
First Federal Savings Bank 283 3.23% $2,956
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 212 3.37% $3,215
QUICKEN LOANS, LLC 165 3.43% $4,684
Horizon Bank 128 3.41% $2,484
1st Source Bank 127 3.31% $2,613
JPMorgan Chase Bank, National Association 122 3.34% $2,329
TEACHERS CREDIT UNION 110 3.49% $2,126
HALLMARK HOME MORTGAGE, LLC 103 3.46% $2,766
Notre Dame Federal Credit Union Corporation 98 3.22% $3,313
INOVA FEDERAL CREDIT UNION 95 3.16% $2,470
EVERETT FINANCIAL, INC. 89 3.29% $1,107
CELEBRITY HOME LOANS, LLC 68 3.16% $3,689
GUARANTEED RATE, INC. 55 3.21% $3,245
Lake City Bank 55 3.41% $3,273
KeyBank National Association 41 3.54% $2,131
Centier Bank 37 3.32% $1,176
UNITED 33 3.57% $2,763
Northwest Bank 32 3.13% $2,417
LOANDEPOT.COM, LLC 25 3.56% $5,061
EVERENCE FEDERAL CREDIT UNION 25 4.18% $1,831
Farm Credit Mid-America, ACA 22 3.15% $6,356
UNITED WHOLESALE MORTGAGE, LLC 22 3.18% $4,377
Wells Fargo Bank, National Association 20 3.55% $2,300
Fifth Third Bank, National Association 19 3.50% $2,295
AMERIFIRST FINANCIAL CORPORATION 19 3.36% $3,292
Citizens Bank, National Association 18 3.27% $3,356
AMERICAN FINANCIAL NETWORK, INC. 15 3.38% $3,510
PNC Bank, National Association 15 3.52% $1,667
NATIONSTAR MORTGAGE LLC 13 3.63% $4,232
Old National Bank 13 3.55% $2,104
Flagstar Bank, FSB 12 3.20% $3,141
CALIBER HOME LOANS, INC. 12 3.34% $3,574
Chiphone Federal Credit Union 12 3.16% $2,483
UNION HOME MORTGAGE CORP. 11 3.61% $2,854
NEWREZ LLC 11 3.59% $3,393
Carrington Mortgage Services, LLC 10 3.31% $4,012
AMERISAVE MORTGAGE CORPORATION 10 2.88% $3,924
First Guaranty Mortgage Corporation 9 3.17% $3,581
VAN DYK MORTGAGE CORPORATION 9 3.18% $2,918
Circle Federal Credit Union 8 2.95% $2,107
ROYAL UNITED MORTGAGE LLC 8 3.39% $5,386
HOME POINT FINANCIAL CORPORATION 6 3.29% $2,954
The Huntington National Bank 6 3.70% $2,642
NAVY FEDERAL CREDIT UNION 6 4.00% $3,814
Mortgage Assurance Inc. 6 3.29% $5,458
ROUNDPOINT MORTGAGE SERVICING CORPORATION 6 3.75% $973
MutualBank 5 4.00% $2,051
GVC MORTGAGE, INC. 5 3.50% $5,128
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 5 3.10% $2,305
PANORAMA MORTGAGE GROUP, LLC 5 3.23% $3,694
BROKER SOLUTIONS, INC. 5 3.25% $3,532
Bank of America, National Association 4 3.56% $2,981
MEMBER FIRST MORTGAGE, LLC 4 3.13% $2,719
Paramount Residential Mortgage Group, Inc. 4 3.22% $3,569
MUTUAL OF OMAHA MORTGAGE, INC. 4 3.19% $2,438
V.I.P. MORTGAGE, INC. 4 2.88% $2,808
BETTER MORTGAGE CORPORATION 4 3.50% $1,779
EVANSVILLE TEACHERS 4 2.94% $2,120
POLARIS HOME FUNDING CORP. 4 3.22% $3,347
U.S. Bank National Association 4 3.31% $2,047
LAKEVIEW LOAN SERVICING, LLC 3 3.79% $2,110
CHURCHILL MORTGAGE CORPORATION 3 3.29% $3,073
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 3.04% $3,466
First Merchants Bank 3 3.08% $1,967
SUN WEST MORTGAGE COMPANY, INC. 3 2.96% $0
Somerville Bank 3 2.79% $2,122
FREEDOM MORTGAGE CORPORATION 3 3.04% $2,097
HOMESIDE FINANCIAL, LLC 3 4.33% $4,565
ACADEMY MORTGAGE CORPORATION 3 3.54% $2,728
PENNYMAC LOAN SERVICES, LLC 3 3.62% $3,215
Three Rivers Federal Credit Union 3 2.88% $2,791
OMNI Community Credit Union 3 3.25% $2,914
Bank of England 3 3.42% $4,003
BEACON CREDIT UNION 3 3.21% $1,631
LAKE MICHIGAN CREDIT UNION 3 3.13% $2,108
STAR Financial Bank 2 3.13% $3,574
Discover Bank 2 5.49% $0
First Home Bank 2 3.00% $2,700
FORT FINANCIAL Federal Credit Union 2 3.06% $2,492
Honor Credit Union 2 3.13% $2,041
COMPASS MORTGAGE, INC. 2 2.94% $3,171
Independent Bank 2 3.13% $3,010
Barrington Bank & Trust Company, N.A. 2 3.24% $2,221
NP, Inc. 2 3.13% $5,150
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.06% $2,472
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.75% $3,079
ProFed Federal Credit Union 2 2.88% $2,143
PROVIDENT FUNDING ASSOCIATES, L.P. 2 3.94% $2,345
PURDUE FEDERAL CREDIT UNION 2 3.00% $2,389
The Federal Savings Bank 2 3.00% $4,393
UBS Bank USA 2 4.06% $4,807
AMERICAN MORTGAGE SERVICE COMPANY 2 2.81% $2,091
AMERICAN FINANCING CORPORATION 2 2.63% $3,592
NETWORK CAPITAL FUNDING CORPORATION 1 4.88% $1,870
CIBM Bank 1 3.00% $2,687
Northpointe Bank 1 3.00% $3,105
Citibank, National Association 1 3.25% $4,880
Union Savings Bank 1 3.00% $1,228
ZILLOW HOME LOANS, LLC 1 2.88% $1,944
OAK MORTGAGE, LLC 1 2.88% $4,480
Colten Mortgage, LLC 1 2.75% $2,726
COMMUNITYAMERICA 1 3.38% $1,848
INLAND BANK & TRUST 1 3.38% $2,291
INDIANA MEMBERS CREDIT UNION 1 2.88% $2,058
IMPAC MORTGAGE CORP. 1 2.50% $1,521
Petefish, Skiles & Co. 1 3.13% $2,173
PHH Mortgage Corporation 1 4.88% $5,117
PLAZA HOME MORTGAGE, INC. 1 3.63% $976
CROSSCOUNTRY MORTGAGE, LLC 1 3.63% $4,985
C.U. FINANCIAL, INC. 1 3.63% $3,157
PREMIA MORTGAGE, LLC 1 2.25% $1,838
Ally Bank 1 3.38% $2,245
USAA Federal Savings Bank 1 3.25% $6,306
FINANCE OF AMERICA MORTGAGE LLC 1 3.13% $2,436
Prosperity Home Mortgage, LLC 1 3.88% $2,137
EMBRACE HOME LOANS, INC. 1 3.99% $4,006
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.75% $2,541
Arvest Bank 1 3.88% $2,548
RANLIFE, INC. 1 3.50% $4,769
FORUM Credit Union 1 4.13% $2,864
Fortress Bank 1 2.63% $1,240
AmeriHome Mortgage Company, LLC 1 3.99% $4,279
Semper Home Loans, Inc. 1 2.38% $2,107
SOFI LENDING CORP. 1 3.25% $1,953
DELMAR FINANCIAL COMPANY 1 2.88% $2,803
SOUTHWEST FUNDING, LP 1 4.50% $3,775
First Option Mortgage, LLC 1 3.88% $2,776
Stifel Bank and Trust 1 3.63% $1,714
STOCKTON MORTGAGE CORPORATION 1 3.00% $2,133
SUCCESS MORTGAGE PARTNERS, INC. 1 3.38% $2,647
First Midwest Bank 1 3.38% $2,321
T2 FINANCIAL LLC 1 2.88% $2,882
TCF National Bank 1 3.50% $3,862
First Federal Savings Bank 1 3.38% $5,905
The Citizens National Bank of Bluffton 1 3.13% $1,404
The Dart Bank 1 3.50% $7,191
The Farmers & Merchants State Bank 1 2.88% $1,674
EMM LOANS LLC 1 2.99% $7,622
First Federal Bank of the Midwest 1 3.63% $2,423
The State Bank and Trust Company 1 2.75% $2,255
Third Federal Savings and Loan Association of Cleveland 1 3.14% $295
First Federal Bank 1 3.00% $4,326
THRIVENT Federal Credit Union 1 3.63% $3,213
TOP FLITE FINANCIAL, INC. 1 2.88% $9,038
Wilmington Savings Fund Society, FSB 1 2.88% $1,595
Wyndham Capital Mortgage, Inc. 1 3.13% $1,085
MICHIGAN MUTUAL, INC. 1 2.63% $8,986
MID AMERICA MORTGAGE, INC. 1 3.13% $3,275
MORTGAGE 1 INCORPORATED 1 2.99% $3,836
Marquette Bank 1 4.00% $2,281
Mortgage Research Center, LLC 1 3.50% $612
MOVEMENT MORTGAGE, LLC 1 4.63% $2,631
LOANPAL, LLC 1 4.88% $3,988
LOANFLIGHT LENDING, LLC 1 2.63% $950
Liberty Savings Bank, F.S.B. 1 3.88% $5,070
LEADERONE FINANCIAL CORPORATION 1 2.99% $2,339
NBKC BANK 1 3.13% $2,410

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.