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
7.26%
for the week of 2023-11-30, compared to the national average of
7.22% for the same period.
The average rate for the prior week (2023-11-22) was
7.53% and
one month ago for the week of 2023-10-26, the
average rate was 7.63%.
Elkhart - Goshen's average rate one year ago was 6.42%.
For refis of the same type during the week of 2023-11-30, the average rate
was 6.47%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-11-30 | 7.22% |
| Elkhart - Goshen 30 Year Fixed Rate | 2023-11-30 | 7.26% |
| Elkhart - Goshen 30 Year Fixed Rate Refi | 2023-11-30 | 6.47% |
| Elkhart - Goshen 15 Year Fixed Rate | 2023-11-30 | 6.97% |
| Elkhart - Goshen 15 Year Fixed Rate Refi | 2023-11-30 | 5.64% |
| Elkhart - Goshen 30 Year FHA | 2023-11-30 | 7.17% |
| Elkhart - Goshen 30 Year FHA Refi | 2023-11-30 | 6.85% |
| Elkhart - Goshen 30 Year USDA | 2023-11-30 | 7% |
| Elkhart - Goshen 30 Year USDA Refi | 2023-11-30 | 7% |
| Elkhart - Goshen 30 Year VA | 2023-11-30 | 6.49% |
| Elkhart - Goshen 30 Year VA Refi | 2023-11-30 | 6.97% |
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.).
ELKHART - GOSHEN Average Closing Costs & Other Stats
ELKHART-GOSHEN, IN's 132 lenders originated 5,950
loans during 2022. The total origination value was $994,780,000, with an average loan value of
$167,190.
ELKHART - GOSHEN's average closing costs are $3,649.
The top ELKHART - GOSHEN lender as defined by loan originations is INTERRA CREDIT UNION, with
229 loans originated. Their average total fees are
$2,882, which is $1,423
lower than the next largest lender,
CARDINAL FINANCIAL.
The lowest fee ELKHART - GOSHEN lenders (with over 10 loans originated) are
EVERETT FINANCIAL, INC. ($1,461), Centier Bank ($1,942), EVERENCE FEDERAL CREDIT UNION ($2,092), Old National Bank ($2,382) and TEACHERS CREDIT UNION ($2,442).
The lowest rate ELKHART - GOSHEN lenders (with over 10 loans originated) are
Farmers State Bank (4.46%), Lake City Bank (4.47%), INOVA FEDERAL CREDIT UNION (4.55%), Hometown Lenders, Inc. (4.61%) and Wells Fargo Bank (4.64%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| INTERRA CREDIT UNION | $143,890,000 | $120,680,000 | -16.1% | 12.1% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $102,480,000 | $71,430,000 | -30.3% | 7.2% |
| Lake City Bank | $56,785,000 | $49,780,000 | -12.3% | 5.0% |
| RUOFF MORTGAGE COMPANY, INC. | $95,635,000 | $49,530,000 | -48.2% | 5.0% |
| First State Bank of Middlebury | $79,590,000 | $47,260,000 | -40.6% | 4.8% |
| QUICKEN LOANS, LLC | $83,375,000 | $43,635,000 | -47.7% | 4.4% |
| 1st Source Bank | $60,940,000 | $43,425,000 | -28.7% | 4.4% |
| TEACHERS CREDIT UNION | $47,610,000 | $37,625,000 | -21.0% | 3.8% |
| GUARANTEED RATE, INC. | $35,365,000 | $37,215,000 | 5.2% | 3.7% |
| First Federal Savings Bank | $475,000 | $36,440,000 | 7,571.6% | 3.7% |
| Horizon Bank | $45,400,000 | $28,220,000 | -37.8% | 2.8% |
| Notre Dame Federal Credit Union Corporation | $28,460,000 | $26,050,000 | -8.5% | 2.6% |
| M&T Realty Capital Corporation | $25,055,000 | n/a | 2.5% | |
| EVERETT FINANCIAL, INC. | $6,760,000 | $22,490,000 | 232.7% | 2.3% |
| Farmers State Bank | $19,250,000 | $22,045,000 | 14.5% | 2.2% |
| HALLMARK HOME MORTGAGE, LLC | $33,140,000 | $17,830,000 | -46.2% | 1.8% |
| JPMorgan Chase Bank | $33,115,000 | $17,745,000 | -46.4% | 1.8% |
| INOVA FEDERAL CREDIT UNION | $38,415,000 | $16,230,000 | -57.8% | 1.6% |
| KeyBank | $17,800,000 | $14,120,000 | -20.7% | 1.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $13,605,000 | $11,370,000 | -16.4% | 1.1% |
| Busey Bank | $11,275,000 | n/a | 1.1% | |
| LOANDEPOT.COM, LLC | $15,380,000 | $11,090,000 | -27.9% | 1.1% |
| Mortgage Research Center, LLC | $9,360,000 | $9,870,000 | 5.4% | 1.0% |
| Old National Bank | $10,995,000 | $9,295,000 | -15.5% | 0.9% |
| Mr. Cooper ( Nationstar Mortgage ) | $9,950,000 | $8,635,000 | -13.2% | 0.9% |
| UNITED | $10,065,000 | $8,550,000 | -15.1% | 0.9% |
| EVERENCE FEDERAL CREDIT UNION | $4,515,000 | $8,080,000 | 79.0% | 0.8% |
| Farm Credit Mid-America, ACA | $17,495,000 | $7,875,000 | -55.0% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $28,625,000 | $7,495,000 | -73.8% | 0.8% |
| CHURCHILL MORTGAGE CORPORATION | $2,235,000 | $7,165,000 | 220.6% | 0.7% |
| Centier Bank | $12,145,000 | $6,540,000 | -46.2% | 0.7% |
| TRIAD FINANCIAL SERVICES, INC. | $7,260,000 | $6,355,000 | -12.5% | 0.6% |
| Wells Fargo Bank | $10,040,000 | $5,960,000 | -40.6% | 0.6% |
| PNC Bank | $7,125,000 | $5,950,000 | -16.5% | 0.6% |
| Hometown Lenders, Inc. | $1,290,000 | $5,710,000 | 342.6% | 0.6% |
| The Campbell & Fetter Bank | $8,215,000 | $5,510,000 | -32.9% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $6,610,000 | $5,025,000 | -24.0% | 0.5% |
| Fifth Third Bank | $6,835,000 | $4,675,000 | -31.6% | 0.5% |
| The Huntington National Bank | $5,580,000 | $4,250,000 | -23.8% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $7,780,000 | $3,935,000 | -49.4% | 0.4% |
| NEWREZ LLC | $7,450,000 | $3,800,000 | -49.0% | 0.4% |
| V.I.P. MORTGAGE, INC. | $6,860,000 | $3,030,000 | -55.8% | 0.3% |
| VAN DYK MORTGAGE CORPORATION | $3,385,000 | $3,015,000 | -10.9% | 0.3% |
| Northwest Bank | $11,295,000 | $2,955,000 | -73.8% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,950,000 | $2,835,000 | -3.9% | 0.3% |
| First Federal Savings Bank | $475,000 | $2,750,000 | 478.9% | 0.3% |
| Flagstar Bank, FSB | $5,150,000 | $2,605,000 | -49.4% | 0.3% |
| AMERICAN FINANCING CORPORATION | $2,385,000 | $2,595,000 | 8.8% | 0.3% |
| Circle Federal Credit Union | $4,570,000 | $2,550,000 | -44.2% | 0.3% |
| Arbor Realty Trust, Inc. | $3,145,000 | $2,525,000 | -19.7% | 0.3% |
| MID AMERICA MORTGAGE, INC. | $4,805,000 | $2,385,000 | -50.4% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $1,440,000 | $2,380,000 | 65.3% | 0.2% |
| CALIBER HOME LOANS, INC. | $4,370,000 | $2,270,000 | -48.1% | 0.2% |
| First Merchants Bank | $15,310,000 | $2,200,000 | -85.6% | 0.2% |
| BROKER SOLUTIONS, INC. | $3,115,000 | $2,185,000 | -29.9% | 0.2% |
| GENEVA FINANCIAL, LLC | $2,035,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $3,210,000 | $2,025,000 | -36.9% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $7,485,000 | $1,935,000 | -74.1% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,405,000 | $1,930,000 | 37.4% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $2,660,000 | $1,905,000 | -28.4% | 0.2% |
| Citizens Bank | $760,000 | $1,890,000 | 148.7% | 0.2% |
| U.S. Bank | $3,870,000 | $1,800,000 | -53.5% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $1,185,000 | $1,385,000 | 16.9% | 0.1% |
| NEW DAY FINANCIAL, LLC | $850,000 | $1,370,000 | 61.2% | 0.1% |
| Morgan Stanley Private Bank | $1,355,000 | n/a | 0.1% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $685,000 | $1,335,000 | 94.9% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $1,950,000 | $1,275,000 | -34.6% | 0.1% |
| Equity Prime Mortgage LLC | $405,000 | $1,185,000 | 192.6% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,255,000 | $1,145,000 | -8.8% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,750,000 | $1,135,000 | -35.1% | 0.1% |
| Nations Lending Corporation | $850,000 | $1,095,000 | 28.8% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $2,210,000 | $1,075,000 | -51.4% | 0.1% |
| Northpointe Bank | $1,310,000 | $1,000,000 | -23.7% | 0.1% |
| AMERIFIRST FINANCIAL CORPORATION | $3,315,000 | $960,000 | -71.0% | 0.1% |
| Mortgage Assurance Inc. | $2,245,000 | $945,000 | -57.9% | 0.1% |
| M&T Bank | $375,000 | $920,000 | 145.3% | 0.1% |
| The Federal Savings Bank | $755,000 | $880,000 | 16.6% | 0.1% |
| GVC MORTGAGE, INC. | $1,280,000 | $870,000 | -32.0% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,255,000 | $870,000 | -30.7% | 0.1% |
| UNION HOME MORTGAGE CORP. | $4,510,000 | $850,000 | -81.2% | 0.1% |
| Chiphone Federal Credit Union | $1,715,000 | $805,000 | -53.1% | 0.1% |
| Crossroads Bank | $1,700,000 | $805,000 | -52.6% | 0.1% |
| First Guaranty Mortgage Corporation | $5,415,000 | $805,000 | -85.1% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $1,175,000 | $790,000 | -32.8% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $125,000 | $775,000 | 520.0% | 0.1% |
| HOME POINT FINANCIAL CORPORATION | $2,870,000 | $735,000 | -74.4% | 0.1% |
| AMERICAN MORTGAGE SERVICE COMPANY | $715,000 | n/a | 0.1% | |
| FINANCE OF AMERICA MORTGAGE LLC | $580,000 | $685,000 | 18.1% | 0.1% |
| OCEANSIDE MORTGAGE COMPANY | $1,360,000 | $680,000 | -50.0% | 0.1% |
| Discover Bank | $810,000 | $660,000 | -18.5% | 0.1% |
| Stifel Bank and Trust | $805,000 | $650,000 | -19.3% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $230,000 | $645,000 | 180.4% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,470,000 | $630,000 | -57.1% | 0.1% |
| LENDINGONE, LLC | $595,000 | n/a | 0.1% | |
| Figure Lending LLC | $335,000 | $590,000 | 76.1% | 0.1% |
| FORT FINANCIAL Federal Credit Union | $585,000 | n/a | 0.1% | |
| Bank of England | $1,155,000 | $580,000 | -49.8% | 0.1% |
| USAA Federal Savings Bank | $955,000 | $560,000 | -41.4% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $4,160,000 | $540,000 | -87.0% | 0.1% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $535,000 | n/a | 0.1% | |
| LEADERONE FINANCIAL CORPORATION | $535,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $775,000 | $535,000 | -31.0% | 0.1% |
| Elements Financial Federal Credit Union | $235,000 | $525,000 | 123.4% | 0.1% |
| LOANPAL, LLC | $570,000 | $515,000 | -9.6% | 0.1% |
| LAKE MICHIGAN CREDIT UNION | $330,000 | $510,000 | 54.5% | 0.1% |
| Neighborhood Loans, Inc. | $275,000 | $510,000 | 85.5% | 0.1% |
| LIMA ONE CAPITAL, LLC | $85,000 | $505,000 | 494.1% | 0.1% |
| Sturgis Bank & Trust Company | $500,000 | n/a | 0.1% | |
| First Option Mortgage, LLC | $215,000 | $475,000 | 120.9% | 0.0% |
| LOANFLIGHT LENDING, LLC | $335,000 | $475,000 | 41.8% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $265,000 | $465,000 | 75.5% | 0.0% |
| S1L, Inc. | $175,000 | $465,000 | 165.7% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $1,585,000 | $460,000 | -71.0% | 0.0% |
| Ally Bank | $1,145,000 | $445,000 | -61.1% | 0.0% |
| ACADEMY MORTGAGE CORPORATION | $2,070,000 | $440,000 | -78.7% | 0.0% |
| BETTER MORTGAGE CORPORATION | $4,085,000 | $435,000 | -89.4% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $2,825,000 | $435,000 | -84.6% | 0.0% |
| OPEN MORTGAGE, LLC | $655,000 | $410,000 | -37.4% | 0.0% |
| Three Rivers Federal Credit Union | $1,140,000 | $405,000 | -64.5% | 0.0% |
| Armed Forces Bank | $395,000 | n/a | 0.0% | |
| Honor Credit Union | $940,000 | $380,000 | -59.6% | 0.0% |
| SPRING EQ, LLC | $225,000 | $380,000 | 68.9% | 0.0% |
| Bank of America | $1,515,000 | $365,000 | -75.9% | 0.0% |
| Low VA Rates, LLC | $920,000 | $360,000 | -60.9% | 0.0% |
| Semper Home Loans, Inc. | $355,000 | n/a | 0.0% | |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $165,000 | $345,000 | 109.1% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $555,000 | $340,000 | -38.7% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $335,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $320,000 | $330,000 | 3.1% | 0.0% |
| NBKC BANK | $885,000 | $325,000 | -63.3% | 0.0% |
| First National Bank of America | $310,000 | n/a | 0.0% | |
| CONSUMERS COOPERATIVE CREDIT UNION | $305,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $305,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $305,000 | n/a | 0.0% | |
| Platinum Home Mortgage Corporation | $155,000 | $305,000 | 96.8% | 0.0% |
| AmeriHome Mortgage Company, LLC | $2,010,000 | $300,000 | -85.1% | 0.0% |
| Simmons Bank | $215,000 | $295,000 | 37.2% | 0.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $1,865,000 | $290,000 | -84.5% | 0.0% |
| PARTNERS 1ST Federal Credit Union | $135,000 | $275,000 | 103.7% | 0.0% |
| PREMIA MORTGAGE, LLC | $265,000 | n/a | 0.0% | |
| JLB CORPORATION | $270,000 | $260,000 | -3.7% | 0.0% |
| PHH Mortgage Corporation | $1,300,000 | $260,000 | -80.0% | 0.0% |
| BOKF | $255,000 | n/a | 0.0% | |
| Colonial Savings, F.A. | $235,000 | $255,000 | 8.5% | 0.0% |
| Deere Employees Credit Union | $255,000 | n/a | 0.0% | |
| Holcomb Bank | $255,000 | n/a | 0.0% | |
| Landmark National Bank | $255,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $255,000 | $255,000 | 0.0% | 0.0% |
| Gold Coast Bank | $245,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $135,000 | $240,000 | 77.8% | 0.0% |
| SUMMIT FUNDING, INC. | $235,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,355,000 | $230,000 | -83.0% | 0.0% |
| BNC National Bank | $570,000 | $225,000 | -60.5% | 0.0% |
| Regions Bank | $560,000 | $225,000 | -59.8% | 0.0% |
| VERITAS FUNDING, LLC | $225,000 | n/a | 0.0% | |
| Bankers' Bank | $215,000 | n/a | 0.0% | |
| Truist | $470,000 | $215,000 | -54.3% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $210,000 | n/a | 0.0% | |
| EMM LOANS LLC | $205,000 | n/a | 0.0% | |
| First American Bank | $205,000 | n/a | 0.0% | |
| First Bank of Berne | $205,000 | n/a | 0.0% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $545,000 | $200,000 | -63.3% | 0.0% |
| Gateway First Bank | $190,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $185,000 | n/a | 0.0% | |
| The State Bank and Trust Company | $185,000 | n/a | 0.0% | |
| AMERICAN ADVISORS GROUP | $650,000 | $180,000 | -72.3% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $810,000 | $175,000 | -78.4% | 0.0% |
| BEACON CREDIT UNION | $665,000 | $175,000 | -73.7% | 0.0% |
| Loan Simple, Inc. | $540,000 | $175,000 | -67.6% | 0.0% |
| OMNI Community Credit Union | $295,000 | $175,000 | -40.7% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $105,000 | $165,000 | 57.1% | 0.0% |
| First Farmers Bank and Trust Company | $265,000 | $165,000 | -37.7% | 0.0% |
| Willamette Valley Bank | $165,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $155,000 | n/a | 0.0% | |
| AmRes Corporation | $155,000 | n/a | 0.0% | |
| Strong Home Mortgage, LLC | $330,000 | $155,000 | -53.0% | 0.0% |
| The Farmers & Merchants State Bank | $695,000 | $155,000 | -77.7% | 0.0% |
| UNITED MORTGAGE CORP. | $155,000 | n/a | 0.0% | |
| WINTERWOOD MORTGAGE GROUP, LLC | $155,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $335,000 | $145,000 | -56.7% | 0.0% |
| ENDEAVOR CAPITAL, LLC. | $145,000 | $145,000 | 0.0% | 0.0% |
| First Federal Bank | $440,000 | $145,000 | -67.0% | 0.0% |
| NexBank | $135,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $930,000 | $125,000 | -86.6% | 0.0% |
| Wolfe Financial, Inc | $125,000 | n/a | 0.0% | |
| BMO Harris Bank | $675,000 | $115,000 | -83.0% | 0.0% |
| PLANET HOME LENDING, LLC | $760,000 | $115,000 | -84.9% | 0.0% |
| SOFI LENDING CORP. | $870,000 | $115,000 | -86.8% | 0.0% |
| Arvest Bank | $105,000 | n/a | 0.0% | |
| Flanagan State Bank | $105,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $180,000 | $105,000 | -41.7% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $95,000 | $105,000 | 10.5% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $115,000 | $100,000 | -13.0% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $270,000 | $95,000 | -64.8% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $95,000 | n/a | 0.0% | |
| RBC Bank, (Georgia) | $95,000 | n/a | 0.0% | |
| OAK MORTGAGE, LLC | $850,000 | $85,000 | -90.0% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $75,000 | n/a | 0.0% | |
| INDIANA UNIVERSITY CREDIT UNION | $75,000 | n/a | 0.0% | |
| FirstBank | $15,000 | $65,000 | 333.3% | 0.0% |
| North American Savings Bank, F.S.B. | $335,000 | $65,000 | -80.6% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $865,000 | $55,000 | -93.6% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $40,000 | $45,000 | 12.5% | 0.0% |
| NUMARK CREDIT UNION | $45,000 | n/a | 0.0% | |
| Southern Michigan Bank & Trust | $290,000 | $45,000 | -84.5% | 0.0% |
| First Financial Bank | $35,000 | n/a | 0.0% | |
| Transportation Federal Credit Union | $35,000 | n/a | 0.0% | |
| ALTRA | $15,000 | n/a | 0.0% |
ELKHART - GOSHEN's top lender by overall market share is INTERRA CREDIT UNION, with 12.1% market share. In second place, with 7.2%, is CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP, having originated $71,430,000 in loans. In third place, with 5.0%, is Lake City Bank, having originated $49,780,000 in loans. In fourth place, with 5.0%, is RUOFF MORTGAGE COMPANY, INC., having originated $49,530,000 in loans. In fifth place, with 4.8%, is First State Bank of Middlebury, having originated $47,260,000 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%) | 0.66 | 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 |
ELKHART - GOSHEN's median listing price for 2023-11-01 was $264,500, a difference of
$-1,650
(-0.6%) versus the prior year and
$-4,225 versus the prior month.
ELKHART - GOSHEN's median listing price comes in at 63% of the national average.
ELKHART - GOSHEN's average listing price for 2023-11-01 was $329,879, a difference of $-20,620 (-5.9%) versus the prior year and $-14,704 versus the prior month.
For the 2023-11-01 period, ELKHART - GOSHEN had 266 MLS listings, a difference of 13 listings (5%) versus the prior month and 51 listings (24%) versus the prior year.
ELKHART - GOSHEN's median listing price comes in at 63% of the national average.
ELKHART - GOSHEN's average listing price for 2023-11-01 was $329,879, a difference of $-20,620 (-5.9%) versus the prior year and $-14,704 versus the prior month.
For the 2023-11-01 period, ELKHART - GOSHEN had 266 MLS listings, a difference of 13 listings (5%) versus the prior month and 51 listings (24%) 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 | 2,125 sqft |
| 2021-07-01 | 17 days | 2,129 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 | 1,799 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 | 1,997 sqft |
| 2022-08-01 | 30 days | 1,931 sqft |
| 2022-09-01 | 31 days | 1,900 sqft |
| 2022-10-01 | 32 days | 1,928 sqft |
| 2022-11-01 | 39 days | 1,929 sqft |
| 2022-12-01 | 47 days | 1,821 sqft |
| 2023-01-01 | 59 days | 1,761 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 | 1,828 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 | 1,990 sqft |
| 2023-10-01 | 37 days | 1,937 sqft |
| 2023-11-01 | 45 days | 1,819 sqft |
ELKHART - GOSHEN's median listing age (time on market) for 2023-11-01 was 45 days.
This
is 16%
longer
than the same period one year ago.
ELKHART - GOSHEN's median square footage for active listings during the 2023-11-01 period was 1,819 sqft. One year prior, the average listing was 1,929 sqft.
ELKHART - GOSHEN's median square footage for active listings during the 2023-11-01 period was 1,819 sqft. One year prior, the average listing was 1,929 sqft.
ELKHART-GOSHEN, IN Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 46507 | Elkhart-Goshen, IN | $610 | $680 | $880 | $1,130 | $1,190 |
| 46514 | Elkhart-Goshen, IN | $640 | $720 | $930 | $1,190 | $1,260 |
| 46515 | Elkhart-Goshen, IN | $600 | $680 | $870 | $1,110 | $1,180 |
| 46516 | Elkhart-Goshen, IN | $570 | $640 | $820 | $1,050 | $1,110 |
| 46517 | Elkhart-Goshen, IN | $560 | $640 | $790 | $1,010 | $1,070 |
| 46526 | Elkhart-Goshen, IN | $590 | $670 | $860 | $1,100 | $1,170 |
| 46527 | Elkhart-Goshen, IN | $600 | $680 | $870 | $1,110 | $1,180 |
| 46528 | Elkhart-Goshen, IN | $610 | $690 | $890 | $1,140 | $1,210 |
| 46530 | Elkhart-Goshen, IN | $1,050 | $1,220 | $1,460 | $1,860 | $1,980 |
| 46540 | Elkhart-Goshen, IN | $670 | $750 | $970 | $1,240 | $1,320 |
| 46542 | Elkhart-Goshen, IN | $510 | $580 | $750 | $950 | $1,010 |
| 46543 | Elkhart-Goshen, IN | $660 | $740 | $950 | $1,220 | $1,290 |
| 46550 | Elkhart-Goshen, IN | $570 | $640 | $820 | $1,050 | $1,110 |
| 46553 | Elkhart-Goshen, IN | $590 | $660 | $850 | $1,090 | $1,150 |
| 46561 | Elkhart-Goshen, IN | $790 | $920 | $1,100 | $1,410 | $1,490 |
| 46565 | Elkhart-Goshen, IN | $600 | $680 | $870 | $1,110 | $1,180 |
| 46567 | Elkhart-Goshen, IN | $610 | $680 | $880 | $1,130 | $1,190 |
| 46573 | Elkhart-Goshen, IN | $570 | $640 | $810 | $1,040 | $1,100 |
| 46767 | Elkhart-Goshen, IN | $570 | $640 | $820 | $1,050 | $1,110 |
2022 Average & Median Rent Data Statistics
ELKHART-GOSHEN, IN average 1BR rent: $713, median: $680
ELKHART-GOSHEN, IN average 2BR rent: $905, median: $870
ELKHART-GOSHEN, IN average 3BR rent: $1,157, median: $1,110
ELKHART-GOSHEN, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,787 | $578,655,000 | $207,626 |
| Cash Out Refi | 1,034 | $167,800,000 | $162,282 |
| Refi | 857 | $148,165,000 | $172,888 |
| Other | 709 | $58,855,000 | $83,011 |
| Home Improvement | 563 | $41,305,000 | $73,366 |
Elkhart - Goshen's most frequently cited loan purpose was Home Purchase, with 2,787 originations. The 2nd most popular reason was Cash Out Refi, with 1,034 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1,406 | $260,750,000 | $185,455 |
| 4-5% | 1,268 | $228,590,000 | $180,276 |
| 3-4% | 1,208 | $210,620,000 | $174,354 |
| 6-7% | 786 | $131,350,000 | $167,112 |
| 7-8% | 456 | $54,980,000 | $120,570 |
| <2.5% | 328 | $23,720,000 | $72,317 |
| Over 8% | 234 | $13,160,000 | $56,239 |
| 2.5-3% | 224 | $39,140,000 | $174,732 |
During 2022, Elkhart - Goshen's most frequently originated rate bucket was 5-6%, with 1,406 originations.
Loan Sizing (ELKHART-GOSHEN, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 2,169 | $108,205,000 | $49,887 |
| $100k-200k | 2,095 | $308,415,000 | $147,215 |
| $200k-400k | 1,408 | $377,480,000 | $268,097 |
| $400k-600k | 195 | $92,415,000 | $473,923 |
| $600k-1000k | 65 | $44,995,000 | $692,231 |
| $Over $1MM | 18 | $63,270,000 | $3,515,000 |
ELKHART - GOSHEN's loan sizing saw the bucket of loans from $100,000 or less with 2,169 originations, totaling $108,205,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,020 | $456,020,000 | $225,752 |
| 60-80% | 1,236 | $269,200,000 | $217,799 |
| Under 20% | 1,080 | $43,840,000 | $40,593 |
| 20-40% | 789 | $76,635,000 | $97,129 |
| 40-60% | 605 | $100,075,000 | $165,413 |
| Over 100% | 23 | $7,255,000 | $315,435 |
ELKHART - GOSHEN's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,020 originations, totaling $456,020,000 in origination value.