FORT WAYNE Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Fort Wayne averaged
6.77%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.8% and
one month ago for the week of 2024-10-03, the
average rate was 6.2%.
Fort Wayne's average rate one year ago was 7.74%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.3%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Fort Wayne 30 Year Fixed Rate | 2024-11-07 | 6.77% |
| Fort Wayne 30 Year Fixed Rate Refi | 2024-11-07 | 7.3% |
| Fort Wayne 15 Year Fixed Rate | 2024-11-07 | 6.76% |
| Fort Wayne 15 Year Fixed Rate Refi | 2024-11-07 | 6.1% |
| Fort Wayne 30 Year FHA | 2024-11-07 | 6.74% |
| Fort Wayne 30 Year FHA Refi | 2024-11-07 | 6.23% |
| Fort Wayne 30 Year USDA | 2024-11-07 | 6.48% |
| Fort Wayne 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Fort Wayne 30 Year VA | 2024-11-07 | 6.45% |
| Fort Wayne 30 Year VA Refi | 2024-11-07 | 6.34% |
FORT WAYNE 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 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 Average Closing Costs & Other Stats
FORT WAYNE, IN's 180 lenders originated 9,591
loans during 2023. The total origination value was $3,369,245,000, with an average loan value of
$351,292.
FORT WAYNE's average closing costs are $3,418.
The top FORT WAYNE lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with
596 loans originated. Their average total fees are
$3,427, which is $658
higher than the next largest lender,
Three Rivers Federal Credit Union.
The lowest fee FORT WAYNE lenders (with over 10 loans originated) are
SIRVA MORTGAGE, INC. ($813), DHI MORTGAGE COMPANY, LTD. ($1,563), Crossroads Bank ($1,637), Union Savings Bank ($1,780) and First Federal Bank of the Midwest ($2,235).
The lowest rate FORT WAYNE lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.48%), First Federal Bank of the Midwest (5.95%), Crossroads Bank (6.16%), ProFed Federal Credit Union (6.20%) and STAR Financial Bank (6.32%).
FORT WAYNE, IN Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Three Rivers Federal Credit Union | $1,664,115,000 | $1,496,275,000 | -10.1% | 44.4% |
| RUOFF MORTGAGE COMPANY, INC. | $273,200,000 | $173,760,000 | -36.4% | 5.2% |
| Merchants Bank of Indiana | $18,305,000 | $123,135,000 | 572.7% | 3.7% |
| Centier Bank | $21,655,000 | $86,335,000 | 298.7% | 2.6% |
| Cross River Bank | $81,705,000 | n/a | 2.4% | |
| Lake City Bank | $122,340,000 | $78,560,000 | -35.8% | 2.3% |
| HALLMARK HOME MORTGAGE, LLC | $80,615,000 | $68,025,000 | -15.6% | 2.0% |
| Fifth Third Bank | $60,550,000 | $53,595,000 | -11.5% | 1.6% |
| First Merchants Bank | $79,695,000 | $52,205,000 | -34.5% | 1.5% |
| QUICKEN LOANS, LLC | $96,080,000 | $50,330,000 | -47.6% | 1.5% |
| Union Savings Bank | $55,510,000 | $50,290,000 | -9.4% | 1.5% |
| ORIX REAL ESTATE CAPITAL, LLC | $2,405,000 | $49,195,000 | 1,945.5% | 1.5% |
| GVC MORTGAGE, INC. | $47,450,000 | $47,475,000 | 0.1% | 1.4% |
| TEACHERS CREDIT UNION | $72,295,000 | $47,375,000 | -34.5% | 1.4% |
| DHI MORTGAGE COMPANY, LTD. | $33,695,000 | $41,825,000 | 24.1% | 1.2% |
| ProFed Federal Credit Union | $47,640,000 | $37,105,000 | -22.1% | 1.1% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $17,105,000 | $36,220,000 | 111.8% | 1.1% |
| Prudential Huntoon Paige Associates, LLC | $35,355,000 | n/a | 1.0% | |
| JPMorgan Chase Bank | $47,745,000 | $32,865,000 | -31.2% | 1.0% |
| STAR Financial Bank | $34,315,000 | $30,700,000 | -10.5% | 0.9% |
| PNC Bank | $48,410,000 | $28,680,000 | -40.8% | 0.9% |
| PARTNERS 1ST Federal Credit Union | $34,380,000 | $23,945,000 | -30.4% | 0.7% |
| MIDWEST AMERICA | $30,215,000 | $23,400,000 | -22.6% | 0.7% |
| Mortgage Research Center, LLC | $24,420,000 | $22,085,000 | -9.6% | 0.7% |
| 1st Source Bank | $29,850,000 | $21,200,000 | -29.0% | 0.6% |
| STOCKTON MORTGAGE CORPORATION | $105,000 | $20,680,000 | 19,595.2% | 0.6% |
| Old National Bank | $38,750,000 | $18,910,000 | -51.2% | 0.6% |
| GENEVA FINANCIAL, LLC | $11,840,000 | $18,845,000 | 59.2% | 0.6% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $23,110,000 | $18,675,000 | -19.2% | 0.6% |
| Flagstar Bank, FSB | $40,375,000 | $16,560,000 | -59.0% | 0.5% |
| LOANDEPOT.COM, LLC | $20,055,000 | $16,060,000 | -19.9% | 0.5% |
| FORT FINANCIAL Federal Credit Union | $16,085,000 | $15,890,000 | -1.2% | 0.5% |
| Arbor Realty Trust, Inc. | $5,880,000 | $15,525,000 | 164.0% | 0.5% |
| V.I.P. MORTGAGE, INC. | $19,900,000 | $15,125,000 | -24.0% | 0.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $10,710,000 | $14,845,000 | 38.6% | 0.4% |
| The Garrett State Bank | $27,340,000 | $14,110,000 | -48.4% | 0.4% |
| Nations Lending Corporation | $9,740,000 | $13,145,000 | 35.0% | 0.4% |
| The Farmers & Merchants State Bank | $7,120,000 | $11,945,000 | 67.8% | 0.4% |
| The Huntington National Bank | $16,525,000 | $11,515,000 | -30.3% | 0.3% |
| First Federal Savings Bank | $4,420,000 | $10,985,000 | 148.5% | 0.3% |
| ACADEMY MORTGAGE CORPORATION | $19,955,000 | $10,915,000 | -45.3% | 0.3% |
| NEWREZ LLC | $6,780,000 | $10,655,000 | 57.2% | 0.3% |
| FREEDOM MORTGAGE CORPORATION | $24,890,000 | $8,950,000 | -64.0% | 0.3% |
| First Federal Bank of the Midwest | $37,430,000 | $8,915,000 | -76.2% | 0.3% |
| The State Bank and Trust Company | $12,655,000 | $8,560,000 | -32.4% | 0.3% |
| Farmers and Merchants Bank | $8,955,000 | $8,165,000 | -8.8% | 0.2% |
| THRIVE MORTGAGE, LLC | $3,395,000 | $8,105,000 | 138.7% | 0.2% |
| Horizon Bank | $12,485,000 | $8,100,000 | -35.1% | 0.2% |
| POLARIS HOME FUNDING CORP. | $13,625,000 | $7,825,000 | -42.6% | 0.2% |
| Crossroads Bank | $15,565,000 | $7,200,000 | -53.7% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $15,410,000 | $6,600,000 | -57.2% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $10,305,000 | $6,555,000 | -36.4% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $10,160,000 | $5,630,000 | -44.6% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $1,135,000 | $5,600,000 | 393.4% | 0.2% |
| Northpointe Bank | $4,890,000 | $5,485,000 | 12.2% | 0.2% |
| USAA Federal Savings Bank | $6,780,000 | $5,470,000 | -19.3% | 0.2% |
| Farm Credit Mid-America, ACA | $4,080,000 | $5,450,000 | 33.6% | 0.2% |
| UNION HOME MORTGAGE CORP. | $16,185,000 | $5,305,000 | -67.2% | 0.2% |
| Wells Fargo Bank | $16,415,000 | $5,215,000 | -68.2% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $33,440,000 | $5,195,000 | -84.5% | 0.2% |
| VAN DYK MORTGAGE CORPORATION | $7,900,000 | $5,085,000 | -35.6% | 0.2% |
| PENNYMAC LOAN SERVICES, LLC | $7,280,000 | $4,960,000 | -31.9% | 0.1% |
| BEACON CREDIT UNION | $4,285,000 | $4,655,000 | 8.6% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $7,060,000 | $4,400,000 | -37.7% | 0.1% |
| SIRVA MORTGAGE, INC. | $2,285,000 | $4,270,000 | 86.9% | 0.1% |
| Fire Police City County Federal Credit Union | $4,990,000 | $4,230,000 | -15.2% | 0.1% |
| U.S. Bank | $5,465,000 | $3,895,000 | -28.7% | 0.1% |
| Carrington Mortgage Services, LLC | $5,720,000 | $3,710,000 | -35.1% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,055,000 | $3,350,000 | 217.5% | 0.1% |
| BROKER SOLUTIONS, INC. | $5,470,000 | $3,300,000 | -39.7% | 0.1% |
| CALIBER HOME LOANS, INC. | $20,710,000 | $3,265,000 | -84.2% | 0.1% |
| Bank of America | $4,805,000 | $3,225,000 | -32.9% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $3,885,000 | $3,050,000 | -21.5% | 0.1% |
| First Financial Bank | $195,000 | $2,930,000 | 1,402.6% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,390,000 | $2,915,000 | 22.0% | 0.1% |
| Discover Bank | $3,015,000 | $2,805,000 | -7.0% | 0.1% |
| MICHIGAN MUTUAL, INC. | $1,550,000 | $2,805,000 | 81.0% | 0.1% |
| CARDINAL FINANCIAL | $2,945,000 | $2,765,000 | -6.1% | 0.1% |
| Northwest Bank | $2,715,000 | $2,730,000 | 0.6% | 0.1% |
| LAKE MICHIGAN CREDIT UNION | $845,000 | $2,725,000 | 222.5% | 0.1% |
| The Federal Savings Bank | $2,195,000 | $2,460,000 | 12.1% | 0.1% |
| PREMIA MORTGAGE, LLC | $2,290,000 | $2,445,000 | 6.8% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $2,730,000 | $2,380,000 | -12.8% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $1,235,000 | $2,370,000 | 91.9% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $915,000 | $2,360,000 | 157.9% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $2,645,000 | $2,305,000 | -12.9% | 0.1% |
| AMERICAN FINANCING CORPORATION | $4,815,000 | $2,250,000 | -53.3% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,035,000 | $2,220,000 | 9.1% | 0.1% |
| Notre Dame Federal Credit Union Corporation | $4,600,000 | $2,175,000 | -52.7% | 0.1% |
| GUARANTEED RATE, INC. | $5,185,000 | $2,170,000 | -58.1% | 0.1% |
| Figure Lending LLC | $1,510,000 | $2,070,000 | 37.1% | 0.1% |
| Regions Bank | $600,000 | $2,055,000 | 242.5% | 0.1% |
| AmRes Corporation | $3,125,000 | $1,995,000 | -36.2% | 0.1% |
| NEW DAY FINANCIAL, LLC | $3,405,000 | $1,995,000 | -41.4% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $850,000 | $1,900,000 | 123.5% | 0.1% |
| NBKC BANK | $865,000 | $1,870,000 | 116.2% | 0.1% |
| First Federal Savings Bank | $4,420,000 | $1,810,000 | -59.0% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $1,180,000 | $1,745,000 | 47.9% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $825,000 | $1,670,000 | 102.4% | 0.0% |
| The Fountain Trust Company | $1,605,000 | n/a | 0.0% | |
| INTERRA CREDIT UNION | $1,120,000 | $1,585,000 | 41.5% | 0.0% |
| BMO Harris Bank | $1,035,000 | $1,570,000 | 51.7% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $1,210,000 | $1,490,000 | 23.1% | 0.0% |
| ZILLOW HOME LOANS, LLC | $980,000 | $1,445,000 | 47.4% | 0.0% |
| UIF CORPORATION | $1,715,000 | $1,385,000 | -19.2% | 0.0% |
| Elements Financial Federal Credit Union | $615,000 | $1,360,000 | 121.1% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $2,605,000 | $1,360,000 | -47.8% | 0.0% |
| First Bank of Berne | $2,720,000 | $1,355,000 | -50.2% | 0.0% |
| The Home National Bank of Thorntown | $1,355,000 | n/a | 0.0% | |
| LAKEVIEW LOAN SERVICING, LLC | $4,140,000 | $1,320,000 | -68.1% | 0.0% |
| PURDUE FEDERAL CREDIT UNION | $1,350,000 | $1,290,000 | -4.4% | 0.0% |
| Blue Ridge Bank | $1,040,000 | $1,245,000 | 19.7% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,210,000 | $1,170,000 | -63.6% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $1,165,000 | n/a | 0.0% | |
| Citizens Bank | $2,790,000 | $1,155,000 | -58.6% | 0.0% |
| Mortgage Assurance Inc. | $1,125,000 | $1,100,000 | -2.2% | 0.0% |
| INDIANA UNIVERSITY CREDIT UNION | $6,785,000 | $1,060,000 | -84.4% | 0.0% |
| Busey Bank | $1,035,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $2,200,000 | $1,000,000 | -54.5% | 0.0% |
| Citibank | $650,000 | $985,000 | 51.5% | 0.0% |
| CONSUMERS | $985,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $1,005,000 | $985,000 | -2.0% | 0.0% |
| First Federal Savings and Loan Association of Lakewood | $895,000 | n/a | 0.0% | |
| Morgan Stanley Private Bank | $895,000 | n/a | 0.0% | |
| Guardian Savings Bank, A Federal Savings Bank | $880,000 | n/a | 0.0% | |
| The Campbell & Fetter Bank | $1,810,000 | $880,000 | -51.4% | 0.0% |
| First Savings Bank | $280,000 | $870,000 | 210.7% | 0.0% |
| LENDSURE MORTGAGE CORP. | $845,000 | n/a | 0.0% | |
| KeyBank | $37,740,000 | $840,000 | -97.8% | 0.0% |
| MJW Financial LLC | $1,135,000 | $825,000 | -27.3% | 0.0% |
| GUILD MORTGAGE COMPANY | $1,125,000 | $800,000 | -28.9% | 0.0% |
| LOANPAL, LLC | $1,220,000 | $800,000 | -34.4% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $630,000 | $785,000 | 24.6% | 0.0% |
| SPRING EQ, LLC | $515,000 | $755,000 | 46.6% | 0.0% |
| Bryant Bank | $715,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $360,000 | $710,000 | 97.2% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $500,000 | $705,000 | 41.0% | 0.0% |
| First Federal Savings and Loan Association of Greensburg | $685,000 | n/a | 0.0% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $665,000 | n/a | 0.0% | |
| BETTER MORTGAGE CORPORATION | $2,415,000 | $655,000 | -72.9% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,265,000 | $650,000 | -48.6% | 0.0% |
| ROSS MORTGAGE CORPORATION | $215,000 | $650,000 | 202.3% | 0.0% |
| Servion, Inc. | $880,000 | $635,000 | -27.8% | 0.0% |
| HOMESTEAD FUNDING CORP. | $630,000 | n/a | 0.0% | |
| INOVA FEDERAL CREDIT UNION | $620,000 | n/a | 0.0% | |
| INDIANA MEMBERS CREDIT UNION | $365,000 | $610,000 | 67.1% | 0.0% |
| First Federal Bank | $580,000 | n/a | 0.0% | |
| Goodfield State Bank | $575,000 | n/a | 0.0% | |
| Loan Simple, Inc. | $535,000 | $575,000 | 7.5% | 0.0% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $570,000 | n/a | 0.0% | |
| BNC National Bank | $840,000 | $565,000 | -32.7% | 0.0% |
| CMG MORTGAGE, INC. | $550,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $530,000 | n/a | 0.0% | |
| ENDEAVOR CAPITAL, LLC. | $195,000 | $515,000 | 164.1% | 0.0% |
| OCEANSIDE MORTGAGE COMPANY | $820,000 | $515,000 | -37.2% | 0.0% |
| Farmers State Bank | $610,000 | $510,000 | -16.4% | 0.0% |
| SILVER HILL FUNDING, LLC | $225,000 | $500,000 | 122.2% | 0.0% |
| AG Credit, Agricultural Credit Association | $485,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $510,000 | $480,000 | -5.9% | 0.0% |
| EMM LOANS LLC | $145,000 | $475,000 | 227.6% | 0.0% |
| Citizens Bank | $2,790,000 | $465,000 | -83.3% | 0.0% |
| Neighborhood Loans, Inc. | $155,000 | $460,000 | 196.8% | 0.0% |
| PARK COMMUNITY CREDIT UNION, INC. | $455,000 | n/a | 0.0% | |
| BancorpSouth | $445,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $275,000 | $440,000 | 60.0% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $185,000 | $430,000 | 132.4% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $750,000 | $430,000 | -42.7% | 0.0% |
| Prosperity Home Mortgage, LLC | $430,000 | n/a | 0.0% | |
| Cf Bank | $425,000 | n/a | 0.0% | |
| THE EQUITABLE MORTGAGE CORPORATION | $410,000 | n/a | 0.0% | |
| CANOPY MORTGAGE, LLC | $235,000 | $405,000 | 72.3% | 0.0% |
| UNITED | $395,000 | n/a | 0.0% | |
| CHEVRON | $385,000 | n/a | 0.0% | |
| Leader Bank | $385,000 | n/a | 0.0% | |
| MILESTONE HOME LENDING, LLC | $225,000 | $385,000 | 71.1% | 0.0% |
| AmeriHome Mortgage Company, LLC | $485,000 | $380,000 | -21.6% | 0.0% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $485,000 | $380,000 | -21.6% | 0.0% |
| Ally Bank | $2,640,000 | $370,000 | -86.0% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $830,000 | $370,000 | -55.4% | 0.0% |
| Ameris Bank | $365,000 | n/a | 0.0% | |
| Armed Forces Bank | $365,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $2,540,000 | $360,000 | -85.8% | 0.0% |
| PHH Mortgage Corporation | $795,000 | $355,000 | -55.3% | 0.0% |
| RF Renovo Management Company, LLC | $305,000 | $355,000 | 16.4% | 0.0% |
| Security Federal Savings Bank | $355,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $855,000 | $345,000 | -59.6% | 0.0% |
| Raymond James Bank | $795,000 | $345,000 | -56.6% | 0.0% |
| The Dart Bank | $230,000 | $340,000 | 47.8% | 0.0% |
| Truist | $300,000 | $335,000 | 11.7% | 0.0% |
| AMCAP MORTGAGE, LTD. | $780,000 | $330,000 | -57.7% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $330,000 | n/a | 0.0% | |
| Bank of England | $575,000 | $325,000 | -43.5% | 0.0% |
| Directions Credit Union, Inc. | $325,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $315,000 | $325,000 | 3.2% | 0.0% |
| First State Bank of Forrest | $325,000 | n/a | 0.0% | |
| WRIGHT-PATT CREDIT UNION, INC. | $305,000 | n/a | 0.0% | |
| POINT Mortgage | $300,000 | n/a | 0.0% | |
| First Farmers Bank and Trust Company | $4,710,000 | $290,000 | -93.8% | 0.0% |
| FORUM Credit Union | $740,000 | $285,000 | -61.5% | 0.0% |
| NFM, INC. | $1,770,000 | $285,000 | -83.9% | 0.0% |
| EQUITY RESOURCES, INC. | $275,000 | n/a | 0.0% | |
| Lindell Bank & Trust Company | $275,000 | n/a | 0.0% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $580,000 | $275,000 | -52.6% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $755,000 | $270,000 | -64.2% | 0.0% |
| Farmers Bank & Trust | $265,000 | n/a | 0.0% | |
| Willamette Valley Bank | $265,000 | n/a | 0.0% | |
| AHL FUNDING | $300,000 | $260,000 | -13.3% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $360,000 | $260,000 | -27.8% | 0.0% |
| Bell Bank | $255,000 | n/a | 0.0% | |
| GSF Mortgage Corporation | $255,000 | n/a | 0.0% | |
| INTERCAP LENDING INC. | $350,000 | $245,000 | -30.0% | 0.0% |
| PLUS RELOCATION MORTGAGE, LLC | $245,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $905,000 | $235,000 | -74.0% | 0.0% |
| Cornerstone First Mortgage, Inc | $235,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $145,000 | $235,000 | 62.1% | 0.0% |
| LIMA ONE CAPITAL, LLC | $270,000 | $235,000 | -13.0% | 0.0% |
| Bank of Hillsboro | $225,000 | n/a | 0.0% | |
| COMPASS MORTGAGE, INC. | $245,000 | $225,000 | -8.2% | 0.0% |
| Mid-Continent Funding, Inc. | $300,000 | $225,000 | -25.0% | 0.0% |
| Prospect Bank | $225,000 | n/a | 0.0% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $6,195,000 | $225,000 | -96.4% | 0.0% |
| Wolfe Financial, Inc | $225,000 | $225,000 | 0.0% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $215,000 | n/a | 0.0% | |
| First Financial Bank | $195,000 | $215,000 | 10.3% | 0.0% |
| MORTGAGE ACCESS CORP. | $1,150,000 | $215,000 | -81.3% | 0.0% |
| North American Savings Bank, F.S.B. | $3,035,000 | $215,000 | -92.9% | 0.0% |
| Secured Investment Corp. | $215,000 | n/a | 0.0% | |
| UNITED HOME LOANS, INC. | $215,000 | n/a | 0.0% | |
| WesBanco | $215,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $450,000 | $215,000 | -52.2% | 0.0% |
| Minster Bank | $205,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $205,000 | n/a | 0.0% | |
| NATIONS DIRECT MORTGAGE, LLC | $205,000 | n/a | 0.0% | |
| Sunflower Bank | $205,000 | n/a | 0.0% | |
| LAFAYETTE FEDERAL CREDIT UNION | $195,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $580,000 | $195,000 | -66.4% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $190,000 | n/a | 0.0% | |
| First IC Corporation | $185,000 | n/a | 0.0% | |
| Fortress Bank | $165,000 | $185,000 | 12.1% | 0.0% |
| Atlantic Union Bank | $175,000 | n/a | 0.0% | |
| Independent Bank | $175,000 | n/a | 0.0% | |
| VERITAS FUNDING, LLC | $175,000 | n/a | 0.0% | |
| Century Mortgage Company DBA Century Lending Company | $135,000 | $165,000 | 22.2% | 0.0% |
| First Bank Richmond | $265,000 | $160,000 | -39.6% | 0.0% |
| Advisors Mortgage Group, L.L.C. | $155,000 | n/a | 0.0% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $155,000 | n/a | 0.0% | |
| Arvest Bank | $125,000 | $145,000 | 16.0% | 0.0% |
| Residential Mortgage Solutions, Inc. | $145,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $490,000 | $135,000 | -72.4% | 0.0% |
| EVERETT FINANCIAL, INC. | $330,000 | $125,000 | -62.1% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $205,000 | $125,000 | -39.0% | 0.0% |
| CASTLE & COOKE MORTGAGE, LLC | $115,000 | n/a | 0.0% | |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $525,000 | $115,000 | -78.1% | 0.0% |
| OAKTREE FUNDING CORP. | $115,000 | n/a | 0.0% | |
| CONSTRUCTIVE LOANS, LLC | $105,000 | n/a | 0.0% | |
| Dollar Bank, Federal Savings Bank | $105,000 | n/a | 0.0% | |
| Plains Commerce Bank | $105,000 | n/a | 0.0% | |
| 1ST SIGNATURE LENDING, LLC | $550,000 | $95,000 | -82.7% | 0.0% |
| GREENSTATE CREDIT UNION | $155,000 | $95,000 | -38.7% | 0.0% |
| Citizens State Bank of New Castle | $85,000 | n/a | 0.0% | |
| NATIONS RELIABLE LENDING, LLC | $165,000 | $85,000 | -48.5% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $685,000 | $75,000 | -89.1% | 0.0% |
| LENDINGONE, LLC | $265,000 | $75,000 | -71.7% | 0.0% |
| WESCOM CENTRAL CREDIT UNION | $155,000 | $75,000 | -51.6% | 0.0% |
| Bethpage Federal Credit Union | $45,000 | $65,000 | 44.4% | 0.0% |
| CITIZENS EQUITY FIRST | $320,000 | $65,000 | -79.7% | 0.0% |
| Equity Prime Mortgage LLC | $250,000 | $65,000 | -74.0% | 0.0% |
| First American Bank | $65,000 | n/a | 0.0% | |
| EVANSVILLE TEACHERS | $560,000 | $55,000 | -90.2% | 0.0% |
| MidFirst Bank | $15,000 | $55,000 | 266.7% | 0.0% |
| PrimeTrust Financial Federal Credit Union | $55,000 | n/a | 0.0% | |
| Centra Credit Union | $45,000 | n/a | 0.0% | |
| NASA Federal Credit Union | $45,000 | n/a | 0.0% | |
| OMNI Community Credit Union | $35,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $25,000 | $25,000 | 0.0% | 0.0% |
| Park Lane Finance Solutions, LLC | $15,000 | n/a | 0.0% |
FORT WAYNE's top lender by overall market share is Three Rivers Federal Credit Union, with 44.4% market share. In second place, with 5.2%, is RUOFF MORTGAGE COMPANY, INC., having originated $173,760,000 in loans. In third place, with 3.7%, is Merchants Bank of Indiana, having originated $123,135,000 in loans. In fourth place, with 2.6%, is Centier Bank, having originated $86,335,000 in loans. In fifth place, with 2.4%, is Cross River Bank, having originated $81,705,000 in loans.
FORT WAYNE, 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 |
|---|---|---|---|---|---|---|
| 46562 | Fort Wayne, IN MSA | $680 | $770 | $940 | $1,200 | $1,310 |
| 46704 | Fort Wayne, IN MSA | $790 | $900 | $1,100 | $1,400 | $1,530 |
| 46706 | Fort Wayne, IN MSA | $600 | $680 | $830 | $1,060 | $1,150 |
| 46723 | Fort Wayne, IN MSA | $650 | $730 | $900 | $1,150 | $1,250 |
| 46725 | Fort Wayne, IN MSA | $630 | $710 | $870 | $1,110 | $1,210 |
| 46733 | Fort Wayne, IN MSA | $600 | $670 | $830 | $1,050 | $1,150 |
| 46741 | Fort Wayne, IN MSA | $660 | $750 | $920 | $1,170 | $1,280 |
| 46743 | Fort Wayne, IN MSA | $650 | $740 | $910 | $1,160 | $1,260 |
| 46745 | Fort Wayne, IN MSA | $710 | $800 | $980 | $1,250 | $1,360 |
| 46748 | Fort Wayne, IN MSA | $870 | $990 | $1,210 | $1,540 | $1,680 |
| 46750 | Fort Wayne, IN MSA | $630 | $710 | $870 | $1,110 | $1,210 |
| 46764 | Fort Wayne, IN MSA | $750 | $850 | $1,040 | $1,330 | $1,450 |
| 46765 | Fort Wayne, IN MSA | $770 | $870 | $1,070 | $1,360 | $1,490 |
| 46773 | Fort Wayne, IN MSA | $600 | $670 | $830 | $1,050 | $1,150 |
| 46774 | Fort Wayne, IN MSA | $720 | $810 | $990 | $1,260 | $1,380 |
| 46777 | Fort Wayne, IN MSA | $610 | $690 | $850 | $1,080 | $1,180 |
| 46783 | Fort Wayne, IN MSA | $600 | $670 | $830 | $1,050 | $1,150 |
| 46787 | Fort Wayne, IN MSA | $600 | $670 | $830 | $1,050 | $1,150 |
| 46788 | Fort Wayne, IN MSA | $600 | $670 | $830 | $1,050 | $1,150 |
| 46797 | Fort Wayne, IN MSA | $670 | $760 | $930 | $1,190 | $1,290 |
| 46798 | Fort Wayne, IN MSA | $820 | $920 | $1,130 | $1,440 | $1,570 |
| 46799 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46802 | Fort Wayne, IN MSA | $630 | $710 | $870 | $1,110 | $1,210 |
| 46803 | Fort Wayne, IN MSA | $600 | $670 | $830 | $1,050 | $1,150 |
| 46804 | Fort Wayne, IN MSA | $810 | $910 | $1,120 | $1,430 | $1,560 |
| 46805 | Fort Wayne, IN MSA | $620 | $700 | $860 | $1,100 | $1,200 |
| 46806 | Fort Wayne, IN MSA | $610 | $690 | $840 | $1,070 | $1,170 |
| 46807 | Fort Wayne, IN MSA | $670 | $760 | $930 | $1,190 | $1,290 |
| 46808 | Fort Wayne, IN MSA | $600 | $680 | $830 | $1,060 | $1,150 |
| 46809 | Fort Wayne, IN MSA | $600 | $670 | $830 | $1,050 | $1,150 |
| 46814 | Fort Wayne, IN MSA | $850 | $950 | $1,170 | $1,490 | $1,630 |
| 46815 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46816 | Fort Wayne, IN MSA | $600 | $670 | $830 | $1,050 | $1,150 |
| 46818 | Fort Wayne, IN MSA | $790 | $900 | $1,100 | $1,400 | $1,530 |
| 46819 | Fort Wayne, IN MSA | $660 | $750 | $920 | $1,170 | $1,280 |
| 46825 | Fort Wayne, IN MSA | $760 | $860 | $1,050 | $1,340 | $1,460 |
| 46835 | Fort Wayne, IN MSA | $720 | $810 | $990 | $1,260 | $1,380 |
| 46845 | Fort Wayne, IN MSA | $900 | $1,020 | $1,250 | $1,590 | $1,740 |
| 46850 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46851 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46852 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46853 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46854 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46855 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46856 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46857 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46858 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46859 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46860 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46861 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46862 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46863 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46864 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46865 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46866 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46867 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46868 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46869 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46885 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46895 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46898 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46899 | Fort Wayne, IN MSA | $660 | $740 | $910 | $1,160 | $1,260 |
| 46962 | Fort Wayne, IN MSA | $640 | $720 | $880 | $1,120 | $1,220 |
2022 Average & Median Rent Data Statistics
FORT WAYNE, IN average 1BR rent: $758, median: $740
FORT WAYNE, IN average 2BR rent: $931, median: $910
FORT WAYNE, IN average 3BR rent: $1,186, median: $1,160
FORT WAYNE, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 5,388 | $1,599,930,000 | $296,943 |
| Cash Out Refi | 1,272 | $1,503,300,000 | $1,181,840 |
| Other | 1,198 | $81,920,000 | $68,381 |
| Home Improvement | 1,069 | $66,775,000 | $62,465 |
| Refi | 664 | $117,320,000 | $176,687 |
Fort Wayne's most frequently cited loan purpose was Home Purchase, with 5,388 originations. The 2nd most popular reason was Cash Out Refi, with 1,272 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 3,128 | $1,233,320,000 | $394,284 |
| 7-8% | 2,628 | $564,110,000 | $214,654 |
| Over 8% | 2,252 | $1,056,440,000 | $469,112 |
| 5-6% | 1,012 | $270,970,000 | $267,757 |
| <2.5% | 232 | $53,530,000 | $230,733 |
| 4-5% | 131 | $34,605,000 | $264,160 |
| 3-4% | 26 | $3,310,000 | $127,308 |
| 2.5-3% | 8 | $1,160,000 | $145,000 |
During 2023, Fort Wayne's most frequently originated rate bucket was 6-7%, with 3,128 originations.
Loan Sizing (FORT WAYNE, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 3,391 | $166,235,000 | $49,022 |
| $100k-200k | 3,094 | $459,210,000 | $148,420 |
| $200k-400k | 2,555 | $689,385,000 | $269,818 |
| $400k-600k | 375 | $175,075,000 | $466,867 |
| $600k-1000k | 126 | $89,990,000 | $714,206 |
| $Over $1MM | 50 | $1,789,350,000 | $35,787,000 |
FORT WAYNE's loan sizing saw the bucket of loans from $100,000 or less with 3,391 originations, totaling $166,235,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 3,630 | $867,450,000 | $238,967 |
| 60-80% | 1,778 | $541,440,000 | $304,522 |
| Under 20% | 1,690 | $63,520,000 | $37,586 |
| 20-40% | 1,371 | $126,515,000 | $92,279 |
| 40-60% | 760 | $208,980,000 | $274,974 |
| Over 100% | 62 | $1,265,850,000 | $20,416,935 |
FORT WAYNE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,630 originations, totaling $867,450,000 in origination value.