Greenville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Greenville averaged
6.97%
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
6.7% and
one month ago for the week of 2024-10-03, the
average rate was 6%.
Greenville's average rate one year ago was 7.84%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.29%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Greenville 30 Year Fixed Rate | 2024-11-07 | 6.97% |
| Greenville 30 Year Fixed Rate Refi | 2024-11-07 | 7.29% |
| Greenville 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Greenville 15 Year Fixed Rate Refi | 2024-11-07 | 6.6% |
| Greenville 30 Year FHA | 2024-11-07 | 6.56% |
| Greenville 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Greenville 30 Year USDA | 2024-11-07 | 6.38% |
| Greenville 30 Year USDA Refi | 2024-11-07 | 6.48% |
| Greenville 30 Year VA | 2024-11-07 | 6.44% |
| Greenville 30 Year VA Refi | 2024-11-07 | 6.54% |
Greenville 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 Greenville, OH 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.).
Greenville Average Closing Costs & Other Stats
Greenville, OH's 52 lenders originated 812
loans during 2023. The total origination value was $412,980,000, with an average loan value of
$508,596.
Greenville's average closing costs are $4,218.
The top Greenville lender as defined by loan originations is The Park National Bank, with
31 loans originated. Their average total fees are
$3,395, which is $142
higher than the next largest lender,
The Huntington National Bank.
The lowest fee Greenville lenders (with over 10 loans originated) are
Greenville Federal ($2,219), The Huntington National Bank ($3,254), NEWREZ LLC ($3,323), The Park National Bank ($3,395) and QUICKEN LOANS, LLC ($5,977).
The lowest rate Greenville lenders (with over 10 loans originated) are
Greenville Federal (6.25%), The Park National Bank (6.57%), The Huntington National Bank (6.70%), QUICKEN LOANS, LLC (6.86%) and NEWREZ LLC (7.50%).
Greenville, OH 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 | $55,000 | $300,005,000 | 545,363.6% | 72.6% |
| Greenville National Bank | $15,585,000 | $17,030,000 | 9.3% | 4.1% |
| NEWREZ LLC | $1,185,000 | $14,785,000 | 1,147.7% | 3.6% |
| The Farmers State Bank | $10,565,000 | $7,895,000 | -25.3% | 1.9% |
| The Park National Bank | $8,895,000 | $7,045,000 | -20.8% | 1.7% |
| QUICKEN LOANS, LLC | $6,955,000 | $5,830,000 | -16.2% | 1.4% |
| The Huntington National Bank | $7,875,000 | $5,800,000 | -26.3% | 1.4% |
| Greenville Federal | $9,895,000 | $3,545,000 | -64.2% | 0.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,740,000 | $2,760,000 | 58.6% | 0.7% |
| Union Savings Bank | $4,150,000 | $2,605,000 | -37.2% | 0.6% |
| Farm Credit Mid-America, ACA | $610,000 | $2,550,000 | 318.0% | 0.6% |
| THRIVE MORTGAGE, LLC | $1,885,000 | $2,500,000 | 32.6% | 0.6% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,325,000 | $2,490,000 | 7.1% | 0.6% |
| WRIGHT-PATT CREDIT UNION, INC. | $4,155,000 | $2,445,000 | -41.2% | 0.6% |
| First Financial Bank | $995,000 | $2,220,000 | 123.1% | 0.5% |
| Fifth Third Bank | $3,825,000 | $1,850,000 | -51.6% | 0.4% |
| Mortgage Research Center, LLC | $2,380,000 | $1,835,000 | -22.9% | 0.4% |
| U.S. Bank | $3,265,000 | $1,640,000 | -49.8% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $725,000 | $1,550,000 | 113.8% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,135,000 | $1,045,000 | -7.9% | 0.3% |
| MID AMERICA MORTGAGE, INC. | $515,000 | $1,040,000 | 101.9% | 0.3% |
| POLARIS HOME FUNDING CORP. | $1,740,000 | $1,025,000 | -41.1% | 0.2% |
| PENNYMAC LOAN SERVICES, LLC | $855,000 | $920,000 | 7.6% | 0.2% |
| Carrington Mortgage Services, LLC | $1,100,000 | $845,000 | -23.2% | 0.2% |
| Western Ohio Mortgage Corporation | $835,000 | n/a | 0.2% | |
| NAVY FEDERAL CREDIT UNION | $1,430,000 | $815,000 | -43.0% | 0.2% |
| DAS Acquisition Company, LLC | $1,175,000 | $770,000 | -34.5% | 0.2% |
| LOANDEPOT.COM, LLC | $2,410,000 | $750,000 | -68.9% | 0.2% |
| Day Air Credit Union, Inc | $205,000 | $685,000 | 234.1% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $675,000 | $665,000 | -1.5% | 0.2% |
| PNC Bank | $675,000 | $595,000 | -11.9% | 0.1% |
| Covington Savings and Loan Association | $1,380,000 | $580,000 | -58.0% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $700,000 | $570,000 | -18.6% | 0.1% |
| FREEDOM MORTGAGE CORPORATION | $1,870,000 | $535,000 | -71.4% | 0.1% |
| Waterstone Mortgage Corporation | $535,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $450,000 | n/a | 0.1% | |
| Mr. Cooper ( Nationstar Mortgage ) | $965,000 | $380,000 | -60.6% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $370,000 | n/a | 0.1% | |
| GUARANTEED RATE, INC. | $260,000 | $370,000 | 42.3% | 0.1% |
| NFM, INC. | $340,000 | $370,000 | 8.8% | 0.1% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $360,000 | n/a | 0.1% | |
| Minster Bank | $1,220,000 | $360,000 | -70.5% | 0.1% |
| UNION HOME MORTGAGE CORP. | $135,000 | $360,000 | 166.7% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $565,000 | $335,000 | -40.7% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $505,000 | $335,000 | -33.7% | 0.1% |
| First Bank Richmond | $1,280,000 | $325,000 | -74.6% | 0.1% |
| New Carlisle Federal Savings Bank | $320,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $315,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $515,000 | $310,000 | -39.8% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $125,000 | $285,000 | 128.0% | 0.1% |
| NORTHERN MORTGAGE SERVICES, LLC | $115,000 | $275,000 | 139.1% | 0.1% |
| T2 FINANCIAL LLC | $175,000 | $260,000 | 48.6% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $745,000 | $255,000 | -65.8% | 0.1% |
| BROKER SOLUTIONS, INC. | $240,000 | n/a | 0.1% | |
| Civista Bank | $285,000 | $235,000 | -17.5% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $235,000 | n/a | 0.1% | |
| RUOFF MORTGAGE COMPANY, INC. | $1,115,000 | $235,000 | -78.9% | 0.1% |
| The State Bank and Trust Company | $235,000 | n/a | 0.1% | |
| Figure Lending LLC | $190,000 | $225,000 | 18.4% | 0.1% |
| NBKC BANK | $195,000 | $225,000 | 15.4% | 0.1% |
| Merchants Bank of Indiana | $275,000 | $215,000 | -21.8% | 0.1% |
| Mercantile Bank of Michigan | $55,000 | $205,000 | 272.7% | 0.0% |
| NEW DAY FINANCIAL, LLC | $670,000 | $205,000 | -69.4% | 0.0% |
| Flagstar Bank, FSB | $925,000 | $200,000 | -78.4% | 0.0% |
| CARDINAL FINANCIAL | $340,000 | $195,000 | -42.6% | 0.0% |
| Citizens Bank | $205,000 | $195,000 | -4.9% | 0.0% |
| Monroe Federal Savings and Loan Association | $85,000 | $195,000 | 129.4% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $185,000 | n/a | 0.0% | |
| Wells Fargo Bank | $310,000 | $185,000 | -40.3% | 0.0% |
| Superior Credit Union, Inc. | $495,000 | $175,000 | -64.6% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $340,000 | $175,000 | -48.5% | 0.0% |
| JPMorgan Chase Bank | $2,450,000 | $170,000 | -93.1% | 0.0% |
| Coastal Community Bank | $165,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $165,000 | n/a | 0.0% | |
| GUILD MORTGAGE COMPANY | $215,000 | $165,000 | -23.3% | 0.0% |
| Citizens State Bank of New Castle | $105,000 | $160,000 | 52.4% | 0.0% |
| Regions Bank | $205,000 | $155,000 | -24.4% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $155,000 | n/a | 0.0% | |
| USAA Federal Savings Bank | $420,000 | $155,000 | -63.1% | 0.0% |
| Discover Bank | $70,000 | $150,000 | 114.3% | 0.0% |
| FIRST COLONY MORTGAGE CORPORATION | $145,000 | n/a | 0.0% | |
| FIRST MORTGAGE COMPANY, INC. | $145,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $425,000 | $135,000 | -68.2% | 0.0% |
| HONDA Federal Credit Union | $455,000 | $125,000 | -72.5% | 0.0% |
| SUPERIOR FINANCIAL SOLUTIONS, LLC | $125,000 | n/a | 0.0% | |
| The Citizens National Bank of Bluffton | $125,000 | n/a | 0.0% | |
| WesBanco | $125,000 | n/a | 0.0% | |
| Bank of England | $105,000 | $115,000 | 9.5% | 0.0% |
| BRIDGE | $115,000 | n/a | 0.0% | |
| UNIVERSAL 1 CREDIT UNION | $115,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $105,000 | n/a | 0.0% | |
| Heartland Bank | $105,000 | n/a | 0.0% | |
| PURDUE FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| Somerville Bank | $180,000 | $105,000 | -41.7% | 0.0% |
| FIRST OHIO HOME FINANCE, INC. | $85,000 | n/a | 0.0% | |
| IH CREDIT UNION, INC. | $85,000 | n/a | 0.0% | |
| STAR Financial Bank | $145,000 | $85,000 | -41.4% | 0.0% |
| The North Side Bank & Trust Company | $75,000 | n/a | 0.0% | |
| LOANPAL, LLC | $65,000 | n/a | 0.0% | |
| First Merchants Bank | $60,000 | n/a | 0.0% | |
| CALIBER HOME LOANS, INC. | $20,255,000 | $55,000 | -99.7% | 0.0% |
| ZILLOW HOME LOANS, LLC | $55,000 | n/a | 0.0% | |
| RIVER VALLEY CREDIT UNION, INC. | $45,000 | n/a | 0.0% | |
| Truist | $35,000 | n/a | 0.0% | |
| Connexus Credit Union | $25,000 | n/a | 0.0% | |
| Old National Bank | $145,000 | $25,000 | -82.8% | 0.0% |
| CODE | $75,000 | $15,000 | -80.0% | 0.0% |
Greenville's top lender by overall market share is Three Rivers Federal Credit Union, with 72.6% market share. In second place, with 4.1%, is Greenville National Bank, having originated $17,030,000 in loans. In third place, with 3.6%, is NEWREZ LLC, having originated $14,785,000 in loans. In fourth place, with 1.9%, is The Farmers State Bank, having originated $7,895,000 in loans. In fifth place, with 1.7%, is The Park National Bank, having originated $7,045,000 in loans.
Greenville, OH Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 465 | $82,035,000 | $176,419 |
| Home Improvement | 111 | $6,335,000 | $57,072 |
| Cash Out Refi | 90 | $312,400,000 | $3,471,111 |
| Other | 81 | $5,075,000 | $62,654 |
| Refi | 65 | $7,135,000 | $109,769 |
Greenville's most frequently cited loan purpose was Home Purchase, with 465 originations. The 2nd most popular reason was Home Improvement, with 111 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 240 | $39,650,000 | $165,208 |
| 7-8% | 204 | $327,390,000 | $1,604,853 |
| Over 8% | 129 | $8,095,000 | $62,752 |
| 5-6% | 67 | $11,265,000 | $168,134 |
| <2.5% | 3 | $35,000 | $11,667 |
| 4-5% | 3 | $315,000 | $105,000 |
During 2023, Greenville's most frequently originated rate bucket was 6-7%, with 240 originations.
Loan Sizing (Greenville, OH MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 331 | $17,285,000 | $52,221 |
| $100k-200k | 322 | $46,010,000 | $142,888 |
| $200k-400k | 127 | $32,525,000 | $256,102 |
| $400k-600k | 26 | $12,790,000 | $491,923 |
| $600k-1000k | 4 | $2,990,000 | $747,500 |
| $Over $1MM | 2 | $301,380,000 | $150,690,000 |
Greenville's loan sizing saw the bucket of loans from $100,000 or less with 331 originations, totaling $17,285,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 296 | $53,610,000 | $181,115 |
| 60-80% | 105 | $16,175,000 | $154,048 |
| Under 20% | 96 | $3,060,000 | $31,875 |
| 20-40% | 91 | $5,245,000 | $57,637 |
| 40-60% | 49 | $6,665,000 | $136,020 |
| Over 100% | 11 | $302,005,000 | $27,455,000 |
Greenville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 296 originations, totaling $53,610,000 in origination value.