FORT WAYNE Mortgage Rates
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Fort Wayne averaged
3.41%
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
3.1% and
one month ago for the week of 2021-10-28, the
average rate was 3.34%.
Fort Wayne's average rate one year ago was 3.12%.
For refis of the same type during the week of 2021-12-02, the average rate
was 3.42%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2021-12-02 | 3.11% |
| Fort Wayne 30 Year Fixed Rate | 2021-12-02 | 3.41% |
| Fort Wayne 30 Year Fixed Rate Refi | 2021-12-02 | 3.42% |
| Fort Wayne 15 Year Fixed Rate | 2021-12-02 | 2.64% |
| Fort Wayne 15 Year Fixed Rate Refi | 2021-12-02 | 2.71% |
| Fort Wayne 30 Year FHA | 2021-12-02 | 3.67% |
| Fort Wayne 30 Year FHA Refi | 2021-12-02 | 3.33% |
| Fort Wayne 30 Year USDA | 2021-12-02 | 3.56% |
| Fort Wayne 30 Year USDA Refi | 2021-12-02 | 3.07% |
| Fort Wayne 30 Year VA | 2021-12-02 | 3.51% |
| Fort Wayne 30 Year VA Refi | 2021-12-02 | 3.02% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within FORT WAYNE, IN.
FORT WAYNE 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 FORT WAYNE, 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.).
FORT WAYNE, IN's 237 lenders originated 22,297
loans during 2020. The total origination value was $4,164,745,000, with an average loan value of
$186,785.
The top FORT WAYNE lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with
2,101 loans originated. Their average total fees are
$2,152, which is $102
lower than the next largest lender,
Three Rivers Federal Credit Union.
The lowest fee FORT WAYNE lenders (with over 10 loans originated) are
Union Savings Bank ($934), ROUNDPOINT MORTGAGE SERVICING CORPORATION ($1,153), PNC Bank, National Association ($1,502), Fire Police City County Federal Credit Union ($1,729) and BEACON CREDIT UNION ($1,763).
The lowest rate FORT WAYNE lenders (with over 10 loans originated) are
CROSSCOUNTRY MORTGAGE, LLC (2.92%), AMERISAVE MORTGAGE CORPORATION (2.99%), PARTNERS 1ST Federal Credit Union (3.01%), Northwest Bank (3.04%) and UNITED WHOLESALE MORTGAGE, LLC (3.05%).
FORT WAYNE, 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 |
|---|---|---|---|---|
| Three Rivers Federal Credit Union | $222,815,000 | $685,720,000 | 207.8% | 16.5% |
| Ruoff Home Mortgage | $317,625,000 | $578,730,000 | 82.2% | 13.9% |
| Union Savings Bank | $89,475,000 | $152,460,000 | 70.4% | 3.7% |
| Quicken Loans | $90,775,000 | $143,690,000 | 58.3% | 3.5% |
| Hallmark Home Mortgage LLC | $92,735,000 | $127,740,000 | 37.7% | 3.1% |
| ProFed Federal Credit Union | $47,910,000 | $122,975,000 | 156.7% | 3.0% |
| Fifth Third Bank | $92,875,000 | $116,545,000 | 25.5% | 2.8% |
| FIRST MERCHANTS BANK | $76,680,000 | $112,375,000 | 46.6% | 2.7% |
| Teachers Credit Union | $2,060,000 | $100,670,000 | 4,786.9% | 2.4% |
| JPMorgan Chase Bank, NA | $62,575,000 | $88,395,000 | 41.3% | 2.1% |
| Freedom Mortgage Corporation | $22,345,000 | $85,650,000 | 283.3% | 2.1% |
| PNC BANK NA | $39,980,000 | $80,390,000 | 101.1% | 1.9% |
| STAR Financial Bank | $41,175,000 | $64,530,000 | 56.7% | 1.5% |
| MidWest America Federal Credit Union | $34,040,000 | $60,090,000 | 76.5% | 1.4% |
| Capital One, NA | $58,325,000 | n/a | 1.4% | |
| LAKE CITY BANK | $51,400,000 | $57,615,000 | 12.1% | 1.4% |
| Berkadia Commercial Mortgage | $24,465,000 | $54,080,000 | 121.1% | 1.3% |
| Caliber Home Loans Inc | $32,150,000 | $51,265,000 | 59.5% | 1.2% |
| First Federal Bank of the Midwest | $35,030,000 | $50,990,000 | 45.6% | 1.2% |
| Old National Bank | $36,900,000 | $50,740,000 | 37.5% | 1.2% |
| Partners 1st FCU | $22,700,000 | $46,560,000 | 105.1% | 1.1% |
| Union Home Mortgage Company | $29,010,000 | $44,040,000 | 51.8% | 1.1% |
| 1ST SOURCE BANK | $28,530,000 | $43,265,000 | 51.6% | 1.0% |
| Greystone Servicing Corporation, Inc. | $41,585,000 | n/a | 1.0% | |
| Flagstar Bank | $21,025,000 | $39,830,000 | 89.4% | 1.0% |
| DIAMOND RESIDENTIAL MTG CORP | $19,305,000 | $38,000,000 | 96.8% | 0.9% |
| Guaranteed Rate Inc. | $54,155,000 | $34,405,000 | -36.5% | 0.8% |
| THE GARRETT STATE BANK | $16,110,000 | $34,380,000 | 113.4% | 0.8% |
| The Farmers & Merchants State Bank | $3,480,000 | $33,215,000 | 854.5% | 0.8% |
| Success Mortgage Partners Inc. | $960,000 | $32,430,000 | 3,278.1% | 0.8% |
| POLARIS HOME FUNDING CORP | $19,095,000 | $28,915,000 | 51.4% | 0.7% |
| First Federal Savings Bank | $2,680,000 | $28,425,000 | 960.6% | 0.7% |
| WELLS FARGO BANK NA | $24,130,000 | $28,350,000 | 17.5% | 0.7% |
| GVC Mortgage Inc. | $1,150,000 | $27,500,000 | 2,291.3% | 0.7% |
| American Mortgage Service Company | $14,650,000 | $26,200,000 | 78.8% | 0.6% |
| Academy Mortgage Corporation | $18,235,000 | $25,940,000 | 42.3% | 0.6% |
| V.I.P. Mortgage Inc. | $18,470,000 | $24,570,000 | 33.0% | 0.6% |
| Fire Police City County FCU | $5,105,000 | $23,830,000 | 366.8% | 0.6% |
| Fort Financial Credit Union | $2,745,000 | $22,845,000 | 732.2% | 0.5% |
| Crossroads Bank | $8,325,000 | $21,685,000 | 160.5% | 0.5% |
| United Shore Financial Services LLC | $7,650,000 | $21,050,000 | 175.2% | 0.5% |
| loanDepot LLC | $10,485,000 | $20,550,000 | 96.0% | 0.5% |
| SummitMortgage Inc. | $85,915,000 | $19,905,000 | -76.8% | 0.5% |
| Huntington National Bank | $19,835,000 | $19,620,000 | -1.1% | 0.5% |
| DHI Mortgage Company Limited | $4,770,000 | $18,885,000 | 295.9% | 0.5% |
| Mortgage Research Center LLC | $13,710,000 | $18,805,000 | 37.2% | 0.5% |
| First Midwest Bank | $200,000 | $18,710,000 | 9,255.0% | 0.4% |
| Nationstar Mortgage | $12,990,000 | $17,660,000 | 36.0% | 0.4% |
| Merchants Bank of Indiana | $250,000 | $14,580,000 | 5,732.0% | 0.4% |
| VanDyk Mortgage Corporation | $9,100,000 | $14,250,000 | 56.6% | 0.3% |
| Centier Bank | $12,760,000 | $13,025,000 | 2.1% | 0.3% |
| WALKER & DUNLOP, LLC | $9,200,000 | $12,705,000 | 38.1% | 0.3% |
| HORIZON BANK | $8,055,000 | $11,870,000 | 47.4% | 0.3% |
| NEWREZ LLC | $3,335,000 | $10,655,000 | 219.5% | 0.3% |
| USAA FEDERAL SAVINGS BANK | $11,480,000 | $10,555,000 | -8.1% | 0.3% |
| The State Bank and Trust Company | $5,190,000 | $10,365,000 | 99.7% | 0.2% |
| Liberty Savings Bank F.S.B. | $6,605,000 | $10,105,000 | 53.0% | 0.2% |
| Arbor Realty Trust Inc | $8,805,000 | $9,705,000 | 10.2% | 0.2% |
| Primary Residential Mortgage Inc. | $2,730,000 | $9,590,000 | 251.3% | 0.2% |
| PRIMELENDING | $4,330,000 | $9,360,000 | 116.2% | 0.2% |
| Farm Credit Mid-America | $6,405,000 | $9,255,000 | 44.5% | 0.2% |
| Northpointe Bank | $4,815,000 | $8,505,000 | 76.6% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $6,120,000 | $8,495,000 | 38.8% | 0.2% |
| Home Point Financial Corporation | $2,120,000 | $7,930,000 | 274.1% | 0.2% |
| Amerisave Mortgage Corporation | $2,905,000 | $7,550,000 | 159.9% | 0.2% |
| PENNYMAC LOAN SERVICES LLC | $3,250,000 | $7,490,000 | 130.5% | 0.2% |
| CARRINGTON MORTGAGE SERVICES | $4,610,000 | $7,425,000 | 61.1% | 0.2% |
| Bank of America NA | $3,985,000 | $6,750,000 | 69.4% | 0.2% |
| US BANK, N.A. | $2,935,000 | $6,685,000 | 127.8% | 0.2% |
| NewDay Financial LLC dba NewDay USA | $2,120,000 | $6,640,000 | 213.2% | 0.2% |
| FAIRWAY INDEPENDENT MORT CORP | $2,905,000 | $6,560,000 | 125.8% | 0.2% |
| First Federal Savings Bank | $2,680,000 | $6,225,000 | 132.3% | 0.1% |
| Royal United Mortgage LLC | $4,265,000 | $5,750,000 | 34.8% | 0.1% |
| Oceanside Mortgage Company | $930,000 | $4,595,000 | 394.1% | 0.1% |
| New American Funding (dba for Broker Solutions Inc) | $3,890,000 | $4,565,000 | 17.4% | 0.1% |
| American Residential Lending | $1,275,000 | $4,535,000 | 255.7% | 0.1% |
| Northwest Bank | $4,525,000 | n/a | 0.1% | |
| American Financing Corporation | $625,000 | $4,455,000 | 612.8% | 0.1% |
| Clearpath Lending | $3,495,000 | $4,180,000 | 19.6% | 0.1% |
| Paramount Residential Mortgage Group Inc. | $125,000 | $4,160,000 | 3,228.0% | 0.1% |
| Lakeview Loan Servicing, LLC | $1,295,000 | $4,055,000 | 213.1% | 0.1% |
| Better Mortgage Corporation | $3,885,000 | n/a | 0.1% | |
| MARQUETTE BANK | $3,805,000 | n/a | 0.1% | |
| American Financial Resources Inc. | $1,835,000 | $3,770,000 | 105.4% | 0.1% |
| The Federal Savings Bank | $2,550,000 | $3,710,000 | 45.5% | 0.1% |
| Village Capital & Investment | $585,000 | $3,655,000 | 524.8% | 0.1% |
| AmeriHomeMortgageCompany,LL | $1,405,000 | $3,615,000 | 157.3% | 0.1% |
| Churchill Mortgage Corporation | $1,435,000 | $3,585,000 | 149.8% | 0.1% |
| Planet Home Lending LLC | $230,000 | $3,215,000 | 1,297.8% | 0.1% |
| Michigan Mutual, Inc. DBA MiMutual Mortgage | $2,740,000 | $3,160,000 | 15.3% | 0.1% |
| First Bank of Berne | $1,375,000 | $3,150,000 | 129.1% | 0.1% |
| Cardinal Financial Company LP | $1,230,000 | $3,125,000 | 154.1% | 0.1% |
| Sun West Mortgage Company Inc. | $1,305,000 | $3,125,000 | 139.5% | 0.1% |
| Synergy One Lending | $1,575,000 | $3,115,000 | 97.8% | 0.1% |
| TCF National Bank | $2,995,000 | n/a | 0.1% | |
| HomeBridge Financial Services, Inc. | $4,305,000 | $2,870,000 | -33.3% | 0.1% |
| KeyBank National Association | $1,565,000 | $2,755,000 | 76.0% | 0.1% |
| American Financial Network Inc. | $835,000 | $2,715,000 | 225.1% | 0.1% |
| Associated Bank NA | $2,065,000 | $2,660,000 | 28.8% | 0.1% |
| IU Credit Union | $650,000 | $2,610,000 | 301.5% | 0.1% |
| Guaranteed Rate Affinity LLC | $1,130,000 | $2,515,000 | 122.6% | 0.1% |
| First Guaranty Mortgage Corporation | $555,000 | $2,480,000 | 346.8% | 0.1% |
| CBNA | $2,910,000 | $2,310,000 | -20.6% | 0.1% |
| SoFi Lending Corp | $460,000 | $2,305,000 | 401.1% | 0.1% |
| Barrington Bank & Trust | $1,860,000 | $2,205,000 | 18.5% | 0.1% |
| Southwest Funding LP | $1,290,000 | $2,055,000 | 59.3% | 0.0% |
| Wyndham Capital Mortgage | $660,000 | $2,035,000 | 208.3% | 0.0% |
| Raymond James Bank National Association | $535,000 | $1,940,000 | 262.6% | 0.0% |
| Farmers State Bank | $745,000 | $1,920,000 | 157.7% | 0.0% |
| Finance of America Mortgage LLC | $2,060,000 | $1,920,000 | -6.8% | 0.0% |
| Premia Mortgage, LLC | $3,110,000 | $1,915,000 | -38.4% | 0.0% |
| The Campbell & Fetter Bank | $1,245,000 | $1,875,000 | 50.6% | 0.0% |
| Keller Mortgage LLC | $610,000 | $1,860,000 | 204.9% | 0.0% |
| Low VA Rates | $1,020,000 | $1,770,000 | 73.5% | 0.0% |
| Sovereign Lending Group, Inc | $1,060,000 | $1,735,000 | 63.7% | 0.0% |
| Purdue Federal Credit Union | $805,000 | $1,725,000 | 114.3% | 0.0% |
| The Inglis Dealership INC | $1,705,000 | n/a | 0.0% | |
| Mortgage Lenders of America LLC | $1,510,000 | $1,695,000 | 12.3% | 0.0% |
| Homeside Financial LLC | $845,000 | $1,640,000 | 94.1% | 0.0% |
| American Neighborhood Mortgage dba AnnieMac Home Mortgage | $165,000 | $1,635,000 | 890.9% | 0.0% |
| Elements Financial Federal Credit Union | $2,930,000 | $1,620,000 | -44.7% | 0.0% |
| UBS Bank USA | $640,000 | $1,560,000 | 143.8% | 0.0% |
| Intercontinental Capital Group, Inc. | $465,000 | $1,515,000 | 225.8% | 0.0% |
| AimLoan.com | $1,265,000 | $1,495,000 | 18.2% | 0.0% |
| Endeavor Capital Mortgage LLC | $930,000 | $1,475,000 | 58.6% | 0.0% |
| First Financial Bank | $20,180,000 | $1,450,000 | -92.8% | 0.0% |
| PHH MORTGAGE CORPORATION | $225,000 | $1,440,000 | 540.0% | 0.0% |
| TIAA, FSB | $1,175,000 | $1,415,000 | 20.4% | 0.0% |
| Forum Credit Union | $1,375,000 | n/a | 0.0% | |
| Waterstone Mortgage Corp | $290,000 | $1,360,000 | 369.0% | 0.0% |
| First Internet Bank | $1,335,000 | n/a | 0.0% | |
| AmeriFirst Home Mortgage | $625,000 | $1,305,000 | 108.8% | 0.0% |
| Triad Financial Services Inc | $1,590,000 | $1,295,000 | -18.6% | 0.0% |
| Sirva Mortgage Inc. | $875,000 | $1,285,000 | 46.9% | 0.0% |
| Interra Credit Union | $160,000 | $1,280,000 | 700.0% | 0.0% |
| Branch Banking And Trust Co | $710,000 | $1,265,000 | 78.2% | 0.0% |
| MutualBank | $12,100,000 | $1,235,000 | -89.8% | 0.0% |
| Embrace Home Loans, Inc. | $1,045,000 | $1,220,000 | 16.7% | 0.0% |
| Midwest Equity Mortgage LLC | $1,185,000 | n/a | 0.0% | |
| Bank of England | $815,000 | $1,175,000 | 44.2% | 0.0% |
| Plaza Home Mortgage Inc. | $155,000 | $1,100,000 | 609.7% | 0.0% |
| Magnolia Bank Incorporated | $320,000 | $1,090,000 | 240.6% | 0.0% |
| Morgan Stanley Private Bank NA | $730,000 | $1,070,000 | 46.6% | 0.0% |
| Homestead Funding Corp. | $720,000 | $1,065,000 | 47.9% | 0.0% |
| The Union Bank Company | $165,000 | $1,065,000 | 545.5% | 0.0% |
| KS StateBank | $1,045,000 | n/a | 0.0% | |
| First Farmers Bank & Trust | $1,040,000 | n/a | 0.0% | |
| Notre Dame Federal Credit Union | $125,000 | $1,025,000 | 720.0% | 0.0% |
| North American Savings Bank | $2,245,000 | $1,005,000 | -55.2% | 0.0% |
| Third Federal Savings and Loan | $905,000 | $995,000 | 9.9% | 0.0% |
| Provident Funding Associates | $1,410,000 | $965,000 | -31.6% | 0.0% |
| BM REAL ESTATE SERVICES, INC. | $960,000 | n/a | 0.0% | |
| 21ST MORTGAGE | $485,000 | $930,000 | 91.8% | 0.0% |
| Hometown Lenders LLC | $915,000 | n/a | 0.0% | |
| Genisys Credit Union | $895,000 | n/a | 0.0% | |
| AMARILLO NATIONAL BANK | $890,000 | n/a | 0.0% | |
| Prime Choice Funding, Inc. | $430,000 | $885,000 | 105.8% | 0.0% |
| Reliance First Capital LLC | $1,385,000 | $885,000 | -36.1% | 0.0% |
| BNC NATIONAL BANK | $325,000 | $875,000 | 169.2% | 0.0% |
| Mortgage Solutions of Colorado LLC | $1,075,000 | $855,000 | -20.5% | 0.0% |
| Pentagon Federal Credit Union | $330,000 | $855,000 | 159.1% | 0.0% |
| FirstBank | $640,000 | $820,000 | 28.1% | 0.0% |
| AAG | $310,000 | $815,000 | 162.9% | 0.0% |
| Lake Michigan Credit Union | $735,000 | $815,000 | 10.9% | 0.0% |
| Fidelity Bank | $810,000 | n/a | 0.0% | |
| Gold Star Mortgage Financial Group, Corporation | $85,000 | $800,000 | 841.2% | 0.0% |
| Evansville Teachers Federal Credit Union | $205,000 | $780,000 | 280.5% | 0.0% |
| JLB Corporation dba Golden Oak Lending | $125,000 | $730,000 | 484.0% | 0.0% |
| Baxter Credit Union | $365,000 | $725,000 | 98.6% | 0.0% |
| Colonial Savings | $730,000 | $720,000 | -1.4% | 0.0% |
| Draper and Kramer Mortgage Corp. | $715,000 | n/a | 0.0% | |
| Nations Lending Corporation | $330,000 | $690,000 | 109.1% | 0.0% |
| Discover Bank | $940,000 | $675,000 | -28.2% | 0.0% |
| Stifel Bank and Trust | $145,000 | $655,000 | 351.7% | 0.0% |
| Supreme Lending/ Everett Financial Inc. | $655,000 | n/a | 0.0% | |
| Blue Ridge Bank, NA | $630,000 | n/a | 0.0% | |
| UIF Corporation | $105,000 | $625,000 | 495.2% | 0.0% |
| Ark-La-Tex Financial Services LLC | $670,000 | $610,000 | -9.0% | 0.0% |
| LoanPal | $465,000 | $610,000 | 31.2% | 0.0% |
| Network Capital Funding Corporation | $535,000 | $610,000 | 14.0% | 0.0% |
| Fortress Bank | $355,000 | $590,000 | 66.2% | 0.0% |
| M&T Bank | $165,000 | $590,000 | 257.6% | 0.0% |
| BLUELEAF LENDING, LLC | $585,000 | n/a | 0.0% | |
| Pacific Residential Mortgage LLC | $580,000 | n/a | 0.0% | |
| DOLLAR BANK, FSB | $705,000 | $575,000 | -18.4% | 0.0% |
| REGIONS BANK | $990,000 | $575,000 | -41.9% | 0.0% |
| BOKF NA | $710,000 | $570,000 | -19.7% | 0.0% |
| BMO Harris Bank N.A. | $1,110,000 | $555,000 | -50.0% | 0.0% |
| Angel Oak Mortgage Solutions | $540,000 | n/a | 0.0% | |
| Cherry Creek Mortgage Co. Inc. | $115,000 | $515,000 | 347.8% | 0.0% |
| Peoples Bank | $95,000 | $505,000 | 431.6% | 0.0% |
| Mid-Continent Funding, Inc. | $185,000 | $500,000 | 170.3% | 0.0% |
| Inland Bank and Trust | $490,000 | n/a | 0.0% | |
| Indiana Members Credit Union | $535,000 | $485,000 | -9.3% | 0.0% |
| First Home Bank | $475,000 | n/a | 0.0% | |
| INOVA Federal Credit Union | $465,000 | n/a | 0.0% | |
| Mid America Mortgage Inc. | $855,000 | $460,000 | -46.2% | 0.0% |
| T2 Financial LLC | $365,000 | $460,000 | 26.0% | 0.0% |
| United Federal Credit Union | $460,000 | n/a | 0.0% | |
| FIRST NATIONAL BANK OF MIDDLE TENNESSEE | $435,000 | n/a | 0.0% | |
| NFM, Inc. | $425,000 | n/a | 0.0% | |
| Ag Credit, ACA | $415,000 | n/a | 0.0% | |
| Plains Commerce Bank | $410,000 | n/a | 0.0% | |
| Towne Mortgage Company | $405,000 | n/a | 0.0% | |
| Land Home Financial Services Inc. | $595,000 | $400,000 | -32.8% | 0.0% |
| NBKC Bank | $1,055,000 | $395,000 | -62.6% | 0.0% |
| The Fountain Trust Company | $395,000 | n/a | 0.0% | |
| Charles Schwab Bank | $545,000 | $390,000 | -28.4% | 0.0% |
| First Savings Bank | $905,000 | $390,000 | -56.9% | 0.0% |
| Independent Bank | $390,000 | n/a | 0.0% | |
| First State Bank | $385,000 | n/a | 0.0% | |
| Sturgis Bank & Trust Company | $165,000 | $380,000 | 130.3% | 0.0% |
| Florida Capital Bank National Association | $375,000 | n/a | 0.0% | |
| The Henry County Bank | $370,000 | n/a | 0.0% | |
| Superior Credit Union Inc. | $410,000 | $360,000 | -12.2% | 0.0% |
| Equity Resources Inc. | $355,000 | n/a | 0.0% | |
| Community First Credit Union of Florida | $335,000 | n/a | 0.0% | |
| Parlay Mortgage & Property Inc | $335,000 | n/a | 0.0% | |
| First Federal Savings Bank | $2,680,000 | $325,000 | -87.9% | 0.0% |
| WINTERWOOD MORTGAGE GROUP, LLC | $485,000 | $325,000 | -33.0% | 0.0% |
| AMERIS BANK | $320,000 | n/a | 0.0% | |
| ARVEST BANK | $320,000 | n/a | 0.0% | |
| SOUTHERN MICHIGAN BANK & TRUST | $235,000 | $315,000 | 34.0% | 0.0% |
| FBC Mortgage LLC | $310,000 | n/a | 0.0% | |
| First Centennial Mortgage Corp. | $565,000 | $310,000 | -45.1% | 0.0% |
| Cortland Savings & Banking Co | $115,000 | $305,000 | 165.2% | 0.0% |
| United Security Financial | $300,000 | n/a | 0.0% | |
| FIRST UNITED BANK AND TRUST CO | $295,000 | n/a | 0.0% | |
| First Western Trust Bank | $295,000 | n/a | 0.0% | |
| Chicago Financial Services, In | $285,000 | n/a | 0.0% | |
| Mortgage Assurance Inc. | $240,000 | $285,000 | 18.8% | 0.0% |
| NuMark Credit Union | $285,000 | $285,000 | 0.0% | 0.0% |
| Goldwater Bank National Association | $280,000 | n/a | 0.0% | |
| Axos Bank | $545,000 | $275,000 | -49.5% | 0.0% |
| Colten Mortgage | $275,000 | n/a | 0.0% | |
| Guild Mortgage Company | $275,000 | n/a | 0.0% | |
| The Citizens National Bank of Bluffton | $365,000 | $275,000 | -24.7% | 0.0% |
| James B. Nutter & Company | $425,000 | $270,000 | -36.5% | 0.0% |
| Atlantic Bay Mortgage Group LLC | $4,045,000 | $265,000 | -93.4% | 0.0% |
| Compass Mortgage Inc | $175,000 | $265,000 | 51.4% | 0.0% |
| Home Bank SB | $265,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage | $265,000 | n/a | 0.0% | |
| American Mortgage & Equity Consultants Inc. | $445,000 | $260,000 | -41.6% | 0.0% |
| Morton Community Bank | $75,000 | $260,000 | 246.7% | 0.0% |
| Peoples Mortgage Company | $260,000 | n/a | 0.0% | |
| Servion, Inc. | $260,000 | n/a | 0.0% | |
| Citibank, N.A. | $215,000 | $245,000 | 14.0% | 0.0% |
| FIRST NATIONAL BANK OF AMERICA | $240,000 | n/a | 0.0% | |
| Peoples Bank | $95,000 | $235,000 | 147.4% | 0.0% |
| Paramount Bank | $230,000 | n/a | 0.0% | |
| GSF Mortgage Corporation | $310,000 | $225,000 | -27.4% | 0.0% |
| Union Bank & Trust | $225,000 | n/a | 0.0% | |
| FIRST FINANCIAL BANK | $215,000 | n/a | 0.0% | |
| LAKE MORTGAGE COMPANY, INC. | $215,000 | n/a | 0.0% | |
| Rock Canyon Bank | $215,000 | n/a | 0.0% | |
| Bay Equity LLC | $205,000 | n/a | 0.0% | |
| E Mortgage Management LLC | $205,000 | n/a | 0.0% | |
| LenderFi, Inc. | $205,000 | n/a | 0.0% | |
| Lenox Financial Mortgage Corp. | $205,000 | n/a | 0.0% | |
| Alliant Credit Union | $85,000 | $195,000 | 129.4% | 0.0% |
| GATEWAY MORTGAGE GROUP | $360,000 | $195,000 | -45.8% | 0.0% |
| WEI Mortgage LLC | $195,000 | n/a | 0.0% | |
| Advisors Mortgage Group LLC | $185,000 | n/a | 0.0% | |
| Homeowners Financial Group | $185,000 | n/a | 0.0% | |
| Marine Bank | $185,000 | n/a | 0.0% | |
| Victory Mortgage LLC | $185,000 | n/a | 0.0% | |
| Anheuser Busch Employees Credit Union | $165,000 | $175,000 | 6.1% | 0.0% |
| Citizens State Bank of New Castle Indiana | $290,000 | $175,000 | -39.7% | 0.0% |
| CityWorth Mortgage | $175,000 | n/a | 0.0% | |
| Homespire Mortgage Corporation | $175,000 | n/a | 0.0% | |
| LeaderOne Financial Corp. | $175,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $175,000 | n/a | 0.0% | |
| Honor Credit Union | $165,000 | n/a | 0.0% | |
| Nations Reliable Lending, LLC | $165,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $65,000 | $160,000 | 146.2% | 0.0% |
| The Farmers State Bank | $160,000 | n/a | 0.0% | |
| Heartland Bank | $155,000 | n/a | 0.0% | |
| Home State Bank National Association | $155,000 | n/a | 0.0% | |
| NOVA Financial & Investment Corporation dba: Nova Home Loans | $155,000 | n/a | 0.0% | |
| RBC Bank (Georgia), N.A. | $235,000 | $155,000 | -34.0% | 0.0% |
| Security Federal Savings Bank | $155,000 | n/a | 0.0% | |
| Stearns Lending | $1,475,000 | $155,000 | -89.5% | 0.0% |
| Sunflower Bank, N.A. | $135,000 | $155,000 | 14.8% | 0.0% |
| top flite financial, inc. | $255,000 | $155,000 | -39.2% | 0.0% |
| 1st Signature Lending LLC | $210,000 | $145,000 | -31.0% | 0.0% |
| Eastman Credit Union | $145,000 | n/a | 0.0% | |
| Geneva Financial LLC | $510,000 | $145,000 | -71.6% | 0.0% |
| Greater Niles Community Federa | $145,000 | n/a | 0.0% | |
| Open Mortgage LLC | $145,000 | n/a | 0.0% | |
| Simmons Bank | $145,000 | n/a | 0.0% | |
| East Coast Capital Corporation | $125,000 | $135,000 | 8.0% | 0.0% |
| Independence Bank of Kentucky | $155,000 | $135,000 | -12.9% | 0.0% |
| Washington Trust Bank | $135,000 | n/a | 0.0% | |
| Wolfe Financial Inc. DBA Integrity Mortgage Group | $135,000 | n/a | 0.0% | |
| American Portfolio Mortgage | $180,000 | $125,000 | -30.6% | 0.0% |
| Eagle Home Mortgage, LLC | $125,000 | n/a | 0.0% | |
| First State Bank of Middlebury | $125,000 | n/a | 0.0% | |
| Petefish Skiles & Co. Bank | $125,000 | n/a | 0.0% | |
| RENASANT BANK | $185,000 | $125,000 | -32.4% | 0.0% |
| Bank Of Springfield | $65,000 | $115,000 | 76.9% | 0.0% |
| Longbridge Financial, LLC | $285,000 | $115,000 | -59.6% | 0.0% |
| Member First Mortgage LLC | $75,000 | $115,000 | 53.3% | 0.0% |
| Oxford Bank & Trust | $290,000 | $110,000 | -62.1% | 0.0% |
| Auto Club Trust, FSB | $55,000 | $105,000 | 90.9% | 0.0% |
| DelMar Financial Company | $105,000 | n/a | 0.0% | |
| Finance of America Reverse LLC | $420,000 | $105,000 | -75.0% | 0.0% |
| First Federal Community Bank of Bucyrus | $105,000 | n/a | 0.0% | |
| First Option Mortgage LLC | $775,000 | $105,000 | -86.5% | 0.0% |
| First State Bank of Forrest | $105,000 | n/a | 0.0% | |
| KINECTA FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC | $55,000 | $105,000 | 90.9% | 0.0% |
| American Pacific Mortgage Corporation | $95,000 | n/a | 0.0% | |
| Citywide Home Loans A Utah Corporation | $95,000 | n/a | 0.0% | |
| Financial Center First Credit Union | $95,000 | n/a | 0.0% | |
| Somerville Bank | $95,000 | n/a | 0.0% | |
| Home Loan Investment Bank | $75,000 | $90,000 | 20.0% | 0.0% |
| Centra Credit Union | $85,000 | n/a | 0.0% | |
| CMG Mortgage Inc. | $85,000 | n/a | 0.0% | |
| Dominion Financial Services | $85,000 | n/a | 0.0% | |
| Jackson County Bank | $85,000 | n/a | 0.0% | |
| Farmers & Merchants Bank | $75,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $390,000 | $70,000 | -82.1% | 0.0% |
| Tower Federal Credit Union | $65,000 | n/a | 0.0% | |
| SecurityNational Mortgage Company | $125,000 | $55,000 | -56.0% | 0.0% |
| Wright-Patt Credit Union Inc | $45,000 | $55,000 | 22.2% | 0.0% |
| 5 Arch Funding Corp. | $45,000 | n/a | 0.0% | |
| Bank of Idaho | $45,000 | n/a | 0.0% | |
| Cascade Financial Services | $530,000 | $45,000 | -91.5% | 0.0% |
| Congressional Federal Credit Union | $35,000 | n/a | 0.0% | |
| First American Bank | $25,000 | n/a | 0.0% | |
| Quorum Federal Credit Union | $25,000 | n/a | 0.0% | |
| State Farm Bank | $840,000 | $15,000 | -98.2% | 0.0% |
| Midland States Bank | $5,000 | n/a | 0.0% |
FORT WAYNE's top lender by overall market share is Three Rivers Federal Credit Union, with 16.5% market share. In second place, with 13.9%, is Ruoff Home Mortgage, having originated $578,730,000 in loans. In third place, with 3.7%, is Union Savings Bank, having originated $152,460,000 in loans. In third place, with 3.5%, is Quicken Loans, having originated $143,690,000 in loans. In third place, with 3.1%, is Hallmark Home Mortgage LLC, having originated $127,740,000 in loans.
FORT WAYNE, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Refi | 9,511 | $1,770,675,000 | $186,171 |
| Home Purchase | 7,771 | $1,492,895,000 | $192,111 |
| Cash Out Refi | 3,430 | $559,610,000 | $163,152 |
| Home Improvement | 933 | $76,865,000 | $82,385 |
| Other | 652 | $264,700,000 | $405,982 |
Fort Wayne's most frequently cited loan purpose was Refi, with 9,511 originations. The 2nd most popular reason was Home Purchase, with 7,771 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 10,373 | $1,846,255,000 | $177,987 |
| 2.5-3% | 7,266 | $1,407,400,000 | $193,697 |
| <2.5% | 2,117 | $352,505,000 | $166,512 |
| 4-5% | 1,437 | $348,865,000 | $242,773 |
| 5-6% | 372 | $28,640,000 | $76,989 |
| 6-7% | 175 | $7,885,000 | $45,057 |
| Over 8% | 94 | $3,350,000 | $35,638 |
| 7-8% | 58 | $3,310,000 | $57,069 |
During 2020, Fort Wayne's most frequently originated rate bucket was 3-4%, with 10,373 originations.
Loan Sizing (FORT WAYNE, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 10,473 | $1,515,535,000 | $144,709 |
| $100,000 or less | 5,609 | $360,625,000 | $64,294 |
| $200k-400k | 5,436 | $1,439,810,000 | $264,866 |
| $400k-600k | 619 | $289,925,000 | $468,376 |
| $600k-1000k | 96 | $71,060,000 | $740,208 |
| $Over $1MM | 64 | $487,790,000 | $7,621,719 |
FORT WAYNE's loan sizing saw the bucket of loans from $100k-200k with 10,473 originations, totaling $1,515,535,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 8,450 | $1,597,250,000 | $189,024 |
| 60-80% | 7,400 | $1,605,360,000 | $216,941 |
| 40-60% | 2,626 | $404,780,000 | $154,143 |
| 20-40% | 1,261 | $120,565,000 | $95,611 |
| Under 20% | 960 | $35,790,000 | $37,281 |
| Over 100% | 162 | $38,000,000 | $234,568 |
FORT WAYNE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 8,450 originations, totaling $1,597,250,000 in origination value.