ELKHART - GOSHEN Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Elkhart - Goshen averaged
6.89%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.12% and
one month ago for the week of 2025-05-15, the
average rate was 6.79%.
Elkhart - Goshen's average rate one year ago was 7.03%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.58%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Elkhart - Goshen 30 Year Fixed Rate | 2025-06-18 | 6.89% |
| Elkhart - Goshen 30 Year Fixed Rate Refi | 2025-06-18 | 7.58% |
| Elkhart - Goshen 15 Year Fixed Rate | 2025-06-18 | 6.16% |
| Elkhart - Goshen 15 Year Fixed Rate Refi | 2025-06-18 | 6.06% |
| Elkhart - Goshen 30 Year FHA | 2025-06-18 | 0.46% |
| Elkhart - Goshen 30 Year FHA Refi | 2025-06-18 | 0.1% |
| Elkhart - Goshen 30 Year USDA | 2025-06-18 | 0.1% |
| Elkhart - Goshen 30 Year USDA Refi | 2025-06-18 | 0.2% |
| Elkhart - Goshen 30 Year VA | 2025-06-18 | 0.16% |
| Elkhart - Goshen 30 Year VA Refi | 2025-06-18 | 0.1% |
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 110 lenders originated 4,508
loans during 2024. The total origination value was $814,070,000, with an average loan value of
$180,583.
ELKHART - GOSHEN's average closing costs are $3,959.
The top ELKHART - GOSHEN lender as defined by loan originations is INTERRA CREDIT UNION, with
182 loans originated. Their average total fees are
$2,702, which is $1,628
lower than the next largest lender,
CARDINAL FINANCIAL.
The lowest fee ELKHART - GOSHEN lenders (with over 10 loans originated) are
Centier Bank ($1,280), INOVA FEDERAL CREDIT UNION ($1,821), INTERRA CREDIT UNION ($2,702), TEACHERS CREDIT UNION ($2,859) and Fifth Third Bank ($2,872).
The lowest rate ELKHART - GOSHEN lenders (with over 10 loans originated) are
INTERRA CREDIT UNION (6.62%), JPMorgan Chase Bank (6.65%), INOVA FEDERAL CREDIT UNION (6.66%), UNITED (6.68%) and UNION HOME MORTGAGE CORP. (6.71%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| INTERRA CREDIT UNION | $79,415,000 | $93,420,000 | 17.6% | 11.5% |
| CARDINAL FINANCIAL | $59,445,000 | $64,950,000 | 9.3% | 8.0% |
| Lake City Bank | $38,615,000 | $51,565,000 | 33.5% | 6.3% |
| QUICKEN LOANS, LLC | $33,120,000 | $44,485,000 | 34.3% | 5.5% |
| RUOFF MORTGAGE COMPANY, INC. | $42,730,000 | $41,035,000 | -4.0% | 5.0% |
| First Federal Savings Bank | $16,470,000 | $27,895,000 | 69.4% | 3.4% |
| Notre Dame Federal Credit Union Corporation | $19,270,000 | $24,470,000 | 27.0% | 3.0% |
| 1st Source Bank | $28,655,000 | $24,300,000 | -15.2% | 3.0% |
| HALLMARK HOME MORTGAGE, LLC | $20,720,000 | $24,205,000 | 16.8% | 3.0% |
| TEACHERS CREDIT UNION | $27,430,000 | $23,425,000 | -14.6% | 2.9% |
| CHURCHILL MORTGAGE CORPORATION | $23,350,000 | $21,310,000 | -8.7% | 2.6% |
| Merchants Capital Corp. | $20,355,000 | n/a | 2.5% | |
| UNITED WHOLESALE MORTGAGE, LLC | $13,660,000 | $19,820,000 | 45.1% | 2.4% |
| JPMorgan Chase Bank | $11,630,000 | $18,250,000 | 56.9% | 2.2% |
| First State Bank of Middlebury | $18,945,000 | $17,340,000 | -8.5% | 2.1% |
| GUARANTEED RATE, INC. | $11,630,000 | $15,360,000 | 32.1% | 1.9% |
| Horizon Bank | $8,845,000 | $12,170,000 | 37.6% | 1.5% |
| FREEDOM MORTGAGE CORPORATION | $2,785,000 | $11,940,000 | 328.7% | 1.5% |
| INOVA FEDERAL CREDIT UNION | $12,460,000 | $11,525,000 | -7.5% | 1.4% |
| M&T Realty Capital Corporation | $11,205,000 | n/a | 1.4% | |
| Merchants Bank of Indiana | $11,125,000 | n/a | 1.4% | |
| EVERETT FINANCIAL, INC. | $10,830,000 | $10,850,000 | 0.2% | 1.3% |
| INDIANA UNIVERSITY CREDIT UNION | $10,780,000 | n/a | 1.3% | |
| Farmers State Bank | $8,550,000 | $10,660,000 | 24.7% | 1.3% |
| The Campbell & Fetter Bank | $7,760,000 | $9,925,000 | 27.9% | 1.2% |
| Farm Credit Mid-America, ACA | $5,340,000 | $9,055,000 | 69.6% | 1.1% |
| Centier Bank | $6,655,000 | $8,690,000 | 30.6% | 1.1% |
| Mortgage Research Center, LLC | $7,740,000 | $8,585,000 | 10.9% | 1.1% |
| EVERENCE FEDERAL CREDIT UNION | $5,860,000 | $5,905,000 | 0.8% | 0.7% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $2,070,000 | $5,675,000 | 174.2% | 0.7% |
| UNION HOME MORTGAGE CORP. | $580,000 | $5,440,000 | 837.9% | 0.7% |
| LOANDEPOT.COM, LLC | $4,870,000 | $5,315,000 | 9.1% | 0.7% |
| Fifth Third Bank | $3,140,000 | $5,210,000 | 65.9% | 0.6% |
| KeyBank | $5,720,000 | $4,535,000 | -20.7% | 0.6% |
| GVC MORTGAGE, INC. | $1,415,000 | $3,890,000 | 174.9% | 0.5% |
| Old National Bank | $2,425,000 | $3,695,000 | 52.4% | 0.5% |
| NEWREZ LLC | $1,965,000 | $3,555,000 | 80.9% | 0.4% |
| TRIAD FINANCIAL SERVICES, INC. | $6,065,000 | $3,485,000 | -42.5% | 0.4% |
| UNITED | $4,670,000 | $3,385,000 | -27.5% | 0.4% |
| LENDINGHOME FUNDING CORPORATION | $2,050,000 | $3,340,000 | 62.9% | 0.4% |
| PNC Bank | $4,360,000 | $3,275,000 | -24.9% | 0.4% |
| GENEVA FINANCIAL, LLC | $2,940,000 | $3,105,000 | 5.6% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $2,765,000 | $3,010,000 | 8.9% | 0.4% |
| Prosperity Home Mortgage, LLC | $865,000 | $2,985,000 | 245.1% | 0.4% |
| OAK MORTGAGE, LLC | $310,000 | $2,760,000 | 790.3% | 0.3% |
| U.S. Bank | $2,440,000 | $2,650,000 | 8.6% | 0.3% |
| The Farmers & Merchants State Bank | $675,000 | $2,610,000 | 286.7% | 0.3% |
| Northwest Bank | $3,670,000 | $2,575,000 | -29.8% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,875,000 | $2,520,000 | -35.0% | 0.3% |
| Discover Bank | $1,545,000 | $2,045,000 | 32.4% | 0.3% |
| BROKER SOLUTIONS, INC. | $1,270,000 | $1,925,000 | 51.6% | 0.2% |
| Flagstar Bank, FSB | $1,390,000 | $1,860,000 | 33.8% | 0.2% |
| Carrington Mortgage Services, LLC | $815,000 | $1,845,000 | 126.4% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $1,570,000 | $1,815,000 | 15.6% | 0.2% |
| USAA Federal Savings Bank | $1,550,000 | $1,690,000 | 9.0% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $630,000 | $1,670,000 | 165.1% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $1,105,000 | $1,455,000 | 31.7% | 0.2% |
| STOCKTON MORTGAGE CORPORATION | $820,000 | $1,445,000 | 76.2% | 0.2% |
| DEEPHAVEN MORTGAGE LLC | $145,000 | $1,405,000 | 869.0% | 0.2% |
| The Huntington National Bank | $4,225,000 | $1,345,000 | -68.2% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,210,000 | $1,285,000 | 6.2% | 0.2% |
| 21ST MORTGAGE CORPORATION | $1,220,000 | $1,265,000 | 3.7% | 0.2% |
| Figure Lending LLC | $725,000 | $1,255,000 | 73.1% | 0.2% |
| NEW DAY FINANCIAL, LLC | $840,000 | $1,240,000 | 47.6% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $520,000 | $1,215,000 | 133.7% | 0.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,920,000 | $1,180,000 | -38.5% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $955,000 | $1,170,000 | 22.5% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $1,675,000 | $1,135,000 | -32.2% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,165,000 | $1,125,000 | -3.4% | 0.1% |
| Northpointe Bank | $1,280,000 | $1,050,000 | -18.0% | 0.1% |
| UBS Bank USA | $1,045,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $775,000 | $1,030,000 | 32.9% | 0.1% |
| First Merchants Bank | $370,000 | $995,000 | 168.9% | 0.1% |
| GUILD MORTGAGE COMPANY | $195,000 | $980,000 | 402.6% | 0.1% |
| Chiphone Federal Credit Union | $1,070,000 | $960,000 | -10.3% | 0.1% |
| Plains Commerce Bank | $925,000 | n/a | 0.1% | |
| NFM, INC. | $860,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $850,000 | $850,000 | 0.0% | 0.1% |
| LOANPAL, LLC | $845,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $185,000 | $820,000 | 343.2% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $175,000 | $800,000 | 357.1% | 0.1% |
| Union Savings Bank | $115,000 | $795,000 | 591.3% | 0.1% |
| AMERICAN FINANCING CORPORATION | $770,000 | n/a | 0.1% | |
| Wells Fargo Bank | $3,450,000 | $750,000 | -78.3% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $445,000 | $710,000 | 59.6% | 0.1% |
| GREENSTATE CREDIT UNION | $390,000 | $710,000 | 82.1% | 0.1% |
| ZILLOW HOME LOANS, LLC | $985,000 | $710,000 | -27.9% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $205,000 | $695,000 | 239.0% | 0.1% |
| CLEARPATH LENDING | $675,000 | n/a | 0.1% | |
| Loan Simple, Inc. | $355,000 | $650,000 | 83.1% | 0.1% |
| Nations Lending Corporation | $2,305,000 | $650,000 | -71.8% | 0.1% |
| BEACON CREDIT UNION | $865,000 | $595,000 | -31.2% | 0.1% |
| ON Q FINANCIAL, INC. | $920,000 | $595,000 | -35.3% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $590,000 | n/a | 0.1% | |
| Citizens Bank | $395,000 | $565,000 | 43.0% | 0.1% |
| ProFed Federal Credit Union | $560,000 | $560,000 | 0.0% | 0.1% |
| Equity Prime Mortgage LLC | $700,000 | $555,000 | -20.7% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $585,000 | $555,000 | -5.1% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $245,000 | $550,000 | 124.5% | 0.1% |
| CRANE | $545,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $615,000 | $535,000 | -13.0% | 0.1% |
| Waterstone Mortgage Corporation | $500,000 | n/a | 0.1% | |
| Mortgage Assurance Inc. | $585,000 | $495,000 | -15.4% | 0.1% |
| NBKC BANK | $800,000 | $485,000 | -39.4% | 0.1% |
| Honor Credit Union | $760,000 | $480,000 | -36.8% | 0.1% |
| Ixonia Bank | $470,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $470,000 | n/a | 0.1% | |
| Three Rivers Federal Credit Union | $970,000 | $470,000 | -51.5% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $570,000 | $465,000 | -18.4% | 0.1% |
| The Federal Savings Bank | $1,440,000 | $450,000 | -68.8% | 0.1% |
| PREMIA MORTGAGE, LLC | $425,000 | n/a | 0.1% | |
| Farmers Bank & Trust | $405,000 | n/a | 0.0% | |
| EMM LOANS LLC | $400,000 | n/a | 0.0% | |
| VERITAS FUNDING, LLC | $285,000 | $400,000 | 40.4% | 0.0% |
| Mid-Continent Funding, Inc. | $165,000 | $395,000 | 139.4% | 0.0% |
| Baxter Credit Union | $65,000 | $380,000 | 484.6% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $495,000 | $380,000 | -23.2% | 0.0% |
| PLANET HOME LENDING, LLC | $115,000 | $380,000 | 230.4% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $205,000 | $360,000 | 75.6% | 0.0% |
| T2 FINANCIAL LLC | $355,000 | n/a | 0.0% | |
| Armed Forces Bank | $325,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $325,000 | n/a | 0.0% | |
| POINT Mortgage | $325,000 | n/a | 0.0% | |
| UIF CORPORATION | $325,000 | n/a | 0.0% | |
| FINANCIAL BUILDERS Federal Credit Union | $315,000 | n/a | 0.0% | |
| PARTNERS 1ST Federal Credit Union | $310,000 | n/a | 0.0% | |
| Preston Home Loans Inc | $300,000 | n/a | 0.0% | |
| Gold Coast Bank | $295,000 | n/a | 0.0% | |
| V.I.P. MORTGAGE, INC. | $990,000 | $295,000 | -70.2% | 0.0% |
| Alliance Bank | $275,000 | n/a | 0.0% | |
| UNITED MORTGAGE CORP | $260,000 | n/a | 0.0% | |
| County National Bank | $255,000 | n/a | 0.0% | |
| Crossroads Bank | $255,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $255,000 | n/a | 0.0% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $120,000 | $255,000 | 112.5% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $410,000 | $250,000 | -39.0% | 0.0% |
| OCMBC, INC. | $250,000 | $245,000 | -2.0% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $240,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $235,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $235,000 | n/a | 0.0% | |
| Ally Bank | $865,000 | $225,000 | -74.0% | 0.0% |
| AmRes Corporation | $225,000 | n/a | 0.0% | |
| Magnolia Bank | $215,000 | $225,000 | 4.7% | 0.0% |
| Marquette Bank | $225,000 | n/a | 0.0% | |
| FOUNDATION MORTGAGE CORPORATION | $155,000 | $220,000 | 41.9% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $215,000 | n/a | 0.0% | |
| Texana Bank | $215,000 | n/a | 0.0% | |
| First Savings Bank | $155,000 | $205,000 | 32.3% | 0.0% |
| First Financial Bank | $195,000 | n/a | 0.0% | |
| LAKE MICHIGAN CREDIT UNION | $440,000 | $195,000 | -55.7% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $195,000 | n/a | 0.0% | |
| CMG MORTGAGE, INC. | $185,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $195,000 | $185,000 | -5.1% | 0.0% |
| OMNI Community Credit Union | $715,000 | $180,000 | -74.8% | 0.0% |
| CONSUMERS | $155,000 | $175,000 | 12.9% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $175,000 | $165,000 | -5.7% | 0.0% |
| LIMA ONE CAPITAL, LLC | $115,000 | $160,000 | 39.1% | 0.0% |
| POLARIS HOME FUNDING CORP. | $155,000 | n/a | 0.0% | |
| VAN DYK MORTGAGE CORPORATION | $1,025,000 | $155,000 | -84.9% | 0.0% |
| SPRING EQ, LLC | $315,000 | $150,000 | -52.4% | 0.0% |
| MILEND, INC. | $145,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $145,000 | n/a | 0.0% | |
| Bank of America | $290,000 | $140,000 | -51.7% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $195,000 | $135,000 | -30.8% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $75,000 | $130,000 | 73.3% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $65,000 | $125,000 | 92.3% | 0.0% |
| GSF Mortgage Corporation | $105,000 | n/a | 0.0% | |
| NEXERA HOLDING LLC | $125,000 | $105,000 | -16.0% | 0.0% |
| Southwest Airlines Federal Credit Union | $105,000 | n/a | 0.0% | |
| UNIFY FINANCIAL Credit Union | $105,000 | n/a | 0.0% | |
| GMFS LLC | $95,000 | n/a | 0.0% | |
| Morton Community Bank | $95,000 | n/a | 0.0% | |
| PURDUE FEDERAL CREDIT UNION | $45,000 | $85,000 | 88.9% | 0.0% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $85,000 | $65,000 | -23.5% | 0.0% |
| Elements Financial Federal Credit Union | $685,000 | $55,000 | -92.0% | 0.0% |
| TECH Credit Union | $55,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $45,000 | n/a | 0.0% | |
| First Federal Bank of the Midwest | $35,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $215,000 | $35,000 | -83.7% | 0.0% |
| Circle Federal Credit Union | $1,790,000 | $25,000 | -98.6% | 0.0% |
ELKHART - GOSHEN's top lender by overall market share is INTERRA CREDIT UNION, with 11.5% market share. In second place, with 8.0%, is CARDINAL FINANCIAL, having originated $64,950,000 in loans. In third place, with 6.3%, is Lake City Bank, having originated $51,565,000 in loans. In fourth place, with 5.5%, is QUICKEN LOANS, LLC, having originated $44,485,000 in loans. In fifth place, with 5.0%, is RUOFF MORTGAGE COMPANY, INC., having originated $41,035,000 in loans.
ELKHART-GOSHEN, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,257 | $508,495,000 | $225,297 |
| Refi | 649 | $134,515,000 | $207,265 |
| Cash Out Refi | 567 | $90,385,000 | $159,409 |
| Other | 526 | $43,910,000 | $83,479 |
| Home Improvement | 509 | $36,765,000 | $72,230 |
Elkhart - Goshen's most frequently cited loan purpose was Home Purchase, with 2,257 originations. The 2nd most popular reason was Refi, with 649 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,521 | $345,765,000 | $227,327 |
| Over 8% | 1,326 | $110,090,000 | $83,024 |
| 7-8% | 940 | $193,600,000 | $205,957 |
| 5-6% | 354 | $82,120,000 | $231,977 |
| <2.5% | 121 | $1,315,000 | $10,868 |
| 2.5-3% | 98 | $5,980,000 | $61,020 |
| 4-5% | 12 | $13,120,000 | $1,093,333 |
| 3-4% | 5 | $395,000 | $79,000 |
During 2024, Elkhart - Goshen's most frequently originated rate bucket was 6-7%, with 1,521 originations.
Loan Sizing (ELKHART-GOSHEN, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 1,666 | $79,290,000 | $47,593 |
| $100k-200k | 1,365 | $203,395,000 | $149,007 |
| $200k-400k | 1,248 | $334,860,000 | $268,317 |
| $400k-600k | 171 | $80,135,000 | $468,626 |
| $600k-1000k | 43 | $31,025,000 | $721,512 |
| $Over $1MM | 15 | $85,365,000 | $5,691,000 |
ELKHART - GOSHEN's loan sizing saw the bucket of loans from $100,000 or less with 1,666 originations, totaling $79,290,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,554 | $362,890,000 | $233,520 |
| Under 20% | 928 | $35,170,000 | $37,899 |
| 20-40% | 682 | $64,190,000 | $94,120 |
| 60-80% | 666 | $163,190,000 | $245,030 |
| 40-60% | 395 | $90,255,000 | $228,494 |
| Over 100% | 23 | $17,615,000 | $765,870 |
ELKHART - GOSHEN's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,554 originations, totaling $362,890,000 in origination value.