Jackson Mortgage Rates & Closing Costs

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  • Trends
  • Rates vs. Fees
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  • Market Share
  • Market Conditions & Pricing
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  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Jackson averaged 6.95% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.83% and one month ago for the week of 2023-02-16, the average rate was 6.55%.

    Jackson's average rate one year ago was 4.16%.

    For refis of the same type during the week of 2023-03-23, the average rate was 6.92%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Jackson 30 Year Fixed Rate 2023-03-23 6.95%
    Jackson 30 Year Fixed Rate Refi 2023-03-23 6.92%
    Jackson 15 Year Fixed Rate 2023-03-23 6.62%
    Jackson 15 Year Fixed Rate Refi 2023-03-23 6.17%
    Jackson 30 Year FHA 2023-03-23 6.79%
    Jackson 30 Year FHA Refi 2023-03-23 6.25%
    Jackson 30 Year USDA 2023-03-23 6.63%
    Jackson 30 Year USDA Refi 2023-03-23 5.76%
    Jackson 30 Year VA 2023-03-23 6.28%
    Jackson 30 Year VA Refi 2023-03-23 6.11%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Jackson, OH.

    Jackson 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 Jackson, 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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    THE VINTON COUNTY NATIONAL BANK 23 4.97% $2,832
    QUICKEN LOANS, LLC 12 5.69% $6,692
    The Ohio Valley Bank Company 11 6.45% $3,137
    Peoples Bank 10 5.88% $2,586
    WesBanco Bank, Inc. 10 4.88% $4,298
    Paramount Residential Mortgage Group, Inc. 9 4.91% $4,914
    PRIORITY MORTGAGE CORP. 9 4.90% $3,966
    RAPID MORTGAGE COMPANY 9 5.24% $5,661
    RUOFF MORTGAGE COMPANY, INC. 8 5.00% $2,304
    U.S. Bank 6 5.54% $4,145
    Fifth Third Bank 4 4.19% $3,893
    Hometown Lenders, Inc. 3 5.37% $5,643
    The Huntington National Bank 3 4.67% $3,836
    Farm Credit Mid-America, ACA 3 4.93% $5,907
    HOMESIDE FINANCIAL, LLC 3 5.13% $4,477
    HOMELAND CREDIT UNION, INC. 2 5.06% $3,458
    UNION HOME MORTGAGE CORP. 2 5.38% $5,812
    CROSSCOUNTRY MORTGAGE, LLC 2 4.81% $4,733
    UNITED WHOLESALE MORTGAGE, LLC 2 5.53% $4,591
    POLARIS HOME FUNDING CORP. 2 5.13% $9,053
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.25% $7,107
    WRIGHT-PATT CREDIT UNION, INC. 2 4.50% $3,424
    DEVELOPER'S MORTGAGE COMPANY 2 6.75% $4,647
    DAS Acquisition Company, LLC 2 5.81% $9,568
    TELHIO 1 4.00% $2,807
    THRIVE MORTGAGE, LLC 1 6.25% $3,685
    21ST MORTGAGE CORPORATION 1 6.25% $6,147
    Wells Fargo Bank 1 4.38% $2,993
    UNITED HOME LOANS, INC. 1 5.99% $3,352
    Ally Bank 1 3.63% $2,288
    AMERISAVE MORTGAGE CORPORATION 1 3.13% $10,798
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 5.88% $3,727
    Citizens Bank 1 3.50% $2,635
    Civista Bank 1 6.63% $2,428
    Dollar Bank, Federal Savings Bank 1 3.75% $3,963
    EQUITY RESOURCES, INC. 1 5.25% $3,830
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.25% $1,974
    Flagstar Bank, FSB 1 6.19% $4,724
    GoPrime Mortgage, Inc. 1 5.63% $4,414
    GUARANTEED RATE, INC. 1 6.63% $4,388
    HOME POINT FINANCIAL CORPORATION 1 4.13% $812
    JPMorgan Chase Bank 1 3.99% $2,358
    KINECTA 1 2.99% $2,885
    Kingston National Bank 1 4.90% $3,608
    LAKEVIEW LOAN SERVICING, LLC 1 4.88% $6,058
    LCNB National Bank 1 5.88% $3,858
    LOANDEPOT.COM, LLC 1 3.38% $4,549
    Mr. Cooper ( Nationstar Mortgage ) 1 5.63% $4,268
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $5,627
    NAVY FEDERAL CREDIT UNION 1 6.38% $11,228
    PNC Bank 1 6.00% $3,288
    SUCCESS MORTGAGE PARTNERS, INC. 1 4.25% $3,211

    Jackson Average Closing Costs & Other Stats

    Jackson, OH's 52 lenders originated 624 loans during 2022. The total origination value was $94,520,000, with an average loan value of $151,474.

    Jackson's average closing costs are $4,869.

    The top Jackson lender as defined by loan originations is THE VINTON COUNTY NATIONAL BANK, with 23 loans originated. Their average total fees are $2,832, which is $3,860 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Jackson lenders (with over 10 loans originated) are Peoples Bank ($2,586), THE VINTON COUNTY NATIONAL BANK ($2,832), The Ohio Valley Bank Company ($3,137), WesBanco Bank, Inc. ($4,298) and QUICKEN LOANS, LLC ($6,692).

    The lowest rate Jackson lenders (with over 10 loans originated) are WesBanco Bank, Inc. (4.88%), THE VINTON COUNTY NATIONAL BANK (4.97%), QUICKEN LOANS, LLC (5.69%), Peoples Bank (5.88%) and The Ohio Valley Bank Company (6.45%).

    Jackson, 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    ATOMIC CREDIT UNION, INC. $13,810,000 $12,655,000 -8.4% 13.4%
    THE VINTON COUNTY NATIONAL BANK $12,670,000 $9,545,000 -24.7% 10.1%
    Paramount Residential Mortgage Group, Inc. $8,860,000 $7,215,000 -18.6% 7.6%
    RAPID MORTGAGE COMPANY $11,725,000 $6,315,000 -46.1% 6.7%
    QUICKEN LOANS, LLC $9,590,000 $6,205,000 -35.3% 6.6%
    WesBanco Bank, Inc. $7,235,000 $5,615,000 -22.4% 5.9%
    The Ohio Valley Bank Company $4,905,000 $3,670,000 -25.2% 3.9%
    Hometown Lenders, Inc. $5,000,000 $3,500,000 -30.0% 3.7%
    Peoples Bank $4,130,000 $3,345,000 -19.0% 3.5%
    PRIORITY MORTGAGE CORP. $1,305,000 $2,590,000 98.5% 2.7%
    CNB Bank $2,135,000 n/a 2.3%
    RUOFF MORTGAGE COMPANY, INC. $2,585,000 $1,950,000 -24.6% 2.1%
    PNC Bank $1,850,000 $1,870,000 1.1% 2.0%
    UNION HOME MORTGAGE CORP. $2,375,000 $1,175,000 -50.5% 1.2%
    HOMESIDE FINANCIAL, LLC $490,000 $1,125,000 129.6% 1.2%
    Farm Credit Mid-America, ACA $1,015,000 $1,120,000 10.3% 1.2%
    U.S. Bank $1,455,000 $1,080,000 -25.8% 1.1%
    Mortgage Research Center, LLC $1,690,000 $1,040,000 -38.5% 1.1%
    Fifth Third Bank $630,000 $1,010,000 60.3% 1.1%
    LOANDEPOT.COM, LLC $545,000 $870,000 59.6% 0.9%
    CALIBER HOME LOANS, INC. $725,000 $860,000 18.6% 0.9%
    VANDERBILT MORTGAGE AND FINANCE, INC. $1,515,000 $790,000 -47.9% 0.8%
    GUARANTEED RATE, INC. $720,000 n/a 0.8%
    AMERISAVE MORTGAGE CORPORATION $600,000 $695,000 15.8% 0.7%
    HOMELAND CREDIT UNION, INC. $935,000 $690,000 -26.2% 0.7%
    Citizens Bank $225,000 $590,000 162.2% 0.6%
    CROSSCOUNTRY MORTGAGE, LLC $125,000 $590,000 372.0% 0.6%
    The Huntington National Bank $1,560,000 $560,000 -64.1% 0.6%
    DEVELOPER'S MORTGAGE COMPANY $520,000 n/a 0.6%
    EQUITY RESOURCES, INC. $520,000 n/a 0.6%
    The Farmers Bank & Savings Company $1,160,000 $520,000 -55.2% 0.6%
    LAKEVIEW LOAN SERVICING, LLC $485,000 $510,000 5.2% 0.5%
    UNITED WHOLESALE MORTGAGE, LLC $505,000 n/a 0.5%
    NFM, INC. $155,000 $490,000 216.1% 0.5%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $250,000 $480,000 92.0% 0.5%
    DAS Acquisition Company, LLC $170,000 $470,000 176.5% 0.5%
    POLARIS HOME FUNDING CORP. $1,070,000 $450,000 -57.9% 0.5%
    NAVY FEDERAL CREDIT UNION $520,000 $435,000 -16.3% 0.5%
    USAA Federal Savings Bank $195,000 $425,000 117.9% 0.4%
    Kingston National Bank $145,000 $400,000 175.9% 0.4%
    Union Savings Bank $375,000 n/a 0.4%
    JPMorgan Chase Bank $585,000 $360,000 -38.5% 0.4%
    DESCO $340,000 n/a 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $340,000 $340,000 0.0% 0.4%
    ALLIED MORTGAGE GROUP, INC. $325,000 n/a 0.3%
    Third Federal Savings and Loan Association of Cleveland $55,000 $310,000 463.6% 0.3%
    HOME POINT FINANCIAL CORPORATION $760,000 $305,000 -59.9% 0.3%
    UNITED HOME LOANS, INC. $295,000 n/a 0.3%
    PENNYMAC LOAN SERVICES, LLC $605,000 $280,000 -53.7% 0.3%
    WRIGHT-PATT CREDIT UNION, INC. $280,000 n/a 0.3%
    Nations Lending Corporation $320,000 $260,000 -18.8% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $225,000 $245,000 8.9% 0.3%
    BROKER SOLUTIONS, INC. $215,000 n/a 0.2%
    Deere Employees Credit Union $215,000 n/a 0.2%
    LCNB National Bank $430,000 $215,000 -50.0% 0.2%
    AMERICAN FINANCING CORPORATION $205,000 n/a 0.2%
    VILLAGE CAPITAL MORTGAGE $260,000 $205,000 -21.2% 0.2%
    Flagstar Bank, FSB $340,000 $200,000 -41.2% 0.2%
    Dollar Bank, Federal Savings Bank $185,000 n/a 0.2%
    21ST MORTGAGE CORPORATION $630,000 $175,000 -72.2% 0.2%
    GSF Mortgage Corporation $175,000 n/a 0.2%
    Wells Fargo Bank $395,000 $160,000 -59.5% 0.2%
    Carrington Mortgage Services, LLC $350,000 $155,000 -55.7% 0.2%
    Civista Bank $145,000 n/a 0.2%
    Bank of England $135,000 n/a 0.1%
    CONTOUR MORTGAGE CORPORATION $135,000 n/a 0.1%
    FREEDOM MORTGAGE CORPORATION $2,110,000 $135,000 -93.6% 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $380,000 $135,000 -64.5% 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $135,000 n/a 0.1%
    KINECTA $125,000 n/a 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $165,000 $125,000 -24.2% 0.1%
    THRIVE MORTGAGE, LLC $125,000 n/a 0.1%
    Ally Bank $115,000 n/a 0.1%
    Equity Prime Mortgage LLC $105,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $105,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $265,000 $105,000 -60.4% 0.1%
    Three Rivers Federal Credit Union $105,000 n/a 0.1%
    M&T Bank $95,000 n/a 0.1%
    NATIONS RELIABLE LENDING, LLC $85,000 n/a 0.1%
    PLANET HOME LENDING, LLC $555,000 $85,000 -84.7% 0.1%
    SOUTHWEST STAGE FUNDING, LLC $125,000 $85,000 -32.0% 0.1%
    GoPrime Mortgage, Inc. $65,000 n/a 0.1%
    TELHIO $65,000 n/a 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $35,000 n/a 0.0%
    ASHLAND Credit Union $25,000 n/a 0.0%

    Jackson's top lender by overall market share is ATOMIC CREDIT UNION, INC., with 13.4% market share. In second place, with 10.1%, is THE VINTON COUNTY NATIONAL BANK, having originated $9,545,000 in loans. In third place, with 7.6%, is Paramount Residential Mortgage Group, Inc., having originated $7,215,000 in loans. In fourth place, with 6.7%, is RAPID MORTGAGE COMPANY, having originated $6,315,000 in loans. In fifth place, with 6.6%, is QUICKEN LOANS, LLC, having originated $6,205,000 in loans.

    Jackson Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Jackson (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 $105,300 (21.7%) $148,400 (6.0%) 0.00 145
    2018-02-01 $114,900 (22.7%) $150,495 (5.1%) 0.00 148
    2018-03-01 $119,500 (31.0%) $153,672 (15.0%) 0.00 157
    2018-04-01 $119,900 (26.3%) $160,398 (10.8%) 0.00 159
    2018-05-01 $117,300 (18.1%) $177,184 (17.9%) 0.00 157
    2018-06-01 $114,900 (6.9%) $171,353 (14.5%) 0.00 162
    2018-07-01 $114,900 (18.5%) $167,774 (18.2%) 0.00 159
    2018-08-01 $119,100 (17.8%) $171,596 (16.2%) 0.00 170
    2018-09-01 $119,000 (40.0%) $169,904 (20.3%) 0.00 173
    2018-10-01 $123,288 (18.5%) $168,842 (10.8%) 0.00 177
    2018-11-01 $121,325 (5.6%) $171,263 (12.7%) 0.00 171
    2018-12-01 $119,500 (19.6%) $170,575 (16.0%) 0.00 172
    2019-01-01 $111,800 (6.2%) $155,190 (4.6%) 0.00 158
    2019-02-01 $118,625 (3.2%) $157,366 (4.6%) 0.00 148
    2019-03-01 $122,043 (2.1%) $168,663 (9.8%) 0.00 133
    2019-04-01 $118,343 (-1.3%) $177,587 (10.7%) 0.00 120
    2019-05-01 $117,600 (0.3%) $182,201 (2.8%) 0.00 118
    2019-06-01 $124,900 (8.7%) $178,201 (4.0%) 0.00 130
    2019-07-01 $117,850 (2.6%) $168,655 (0.5%) 0.00 121
    2019-08-01 $115,245 (-3.2%) $157,525 (-8.2%) 0.00 118
    2019-09-01 $117,864 (-1.0%) $147,867 (-13.0%) 0.00 118
    2019-10-01 $119,900 (-2.8%) $141,386 (-16.3%) 0.00 121
    2019-11-01 $110,000 (-9.3%) $146,778 (-14.3%) 0.00 129
    2019-12-01 $121,050 (1.3%) $180,451 (5.8%) 0.00 107
    2020-01-01 $115,123 (3.0%) $177,133 (14.1%) 0.00 86
    2020-02-01 $110,000 (-7.3%) $170,992 (8.7%) 0.00 94
    2020-03-01 $131,425 (7.7%) $184,837 (9.6%) 0.00 96
    2020-04-01 $149,950 (26.7%) $197,455 (11.2%) 0.00 94
    2020-05-01 $154,450 (31.3%) $201,763 (10.7%) 0.00 84
    2020-06-01 $126,900 (1.6%) $181,580 (1.9%) 0.00 79
    2020-07-01 $130,450 (10.7%) $188,496 (11.8%) 0.00 83
    2020-08-01 $149,900 (30.1%) $223,494 (41.9%) 0.00 93
    2020-09-01 $145,000 (23.0%) $230,214 (55.7%) 0.00 87
    2020-10-01 $143,700 (19.9%) $217,176 (53.6%) 0.00 85
    2020-11-01 $127,100 (15.6%) $201,281 (37.1%) 0.00 95
    2020-12-01 $126,750 (4.7%) $202,793 (12.4%) 0.00 101
    2021-01-01 $140,000 (21.6%) $206,321 (16.5%) 0.00 94
    2021-02-01 $157,750 (43.4%) $214,087 (25.2%) 0.00 83
    2021-03-01 $155,000 (17.9%) $182,852 (-1.1%) 0.00 76
    2021-04-01 $155,000 (3.4%) $180,514 (-8.6%) 0.00 61
    2021-05-01 $159,900 (3.5%) $195,868 (-2.9%) 0.00 52
    2021-06-01 $141,225 (11.3%) $186,277 (2.6%) 0.00 50
    2021-07-01 $154,000 (18.1%) $187,363 (-0.6%) 0.00 56
    2021-08-01 $154,000 (2.7%) $200,085 (-10.5%) 0.00 62
    2021-09-01 $160,750 (10.9%) $214,934 (-6.6%) 0.00 60
    2021-10-01 $150,000 (4.4%) $206,818 (-4.8%) 0.00 66
    2021-11-01 $149,875 (17.9%) $200,029 (-0.6%) 0.00 62
    2021-12-01 $157,250 (24.1%) $210,114 (3.6%) 0.00 61
    2022-01-01 $157,000 (12.1%) $209,079 (1.3%) 0.00 56
    2022-02-01 $149,475 (-5.3%) $212,972 (-0.5%) 0.00 55
    2022-03-01 $158,000 (1.9%) $227,173 (24.2%) 0.00 50
    2022-04-01 $159,000 (2.6%) $221,086 (22.5%) 0.00 47
    2022-05-01 $172,750 (8.0%) $233,374 (19.2%) 0.00 50
    2022-06-01 $182,900 (29.5%) $230,215 (23.6%) 0.00 66
    2022-07-01 $199,000 (29.2%) $248,638 (32.7%) 0.00 64
    2022-08-01 $218,000 (41.6%) $270,575 (35.2%) 0.00 69
    2022-09-01 $205,375 (27.8%) $252,409 (17.4%) 0.00 79
    2022-10-01 $195,400 (30.3%) $244,742 (18.3%) 0.00 85
    2022-11-01 $224,000 (49.5%) $244,318 (22.1%) 0.00 96
    2022-12-01 $209,900 (33.5%) $246,457 (17.3%) 0.00 93
    2023-01-01 $190,900 (21.6%) $242,988 (16.2%) 0.00 79
    2023-02-01 $219,000 (46.5%) $252,647 (18.6%) 0.00 74
    Jackson's median listing price for 2023-02-01 was $219,000, a difference of $69,525 (46.5%) versus the prior year and $28,100 versus the prior month.

    Jackson's median listing price comes in at 0% of the national average.

    Jackson's average listing price for 2023-02-01 was $252,647, a difference of $39,675 (18.6%) versus the prior year and $9,659 versus the prior month.

    For the 2023-02-01 period, Jackson had 74 MLS listings, a difference of -5 listings (-6%) versus the prior month and 19 listings (35%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Jackson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,511 sqft
    2018-02-01 0 days 1,521 sqft
    2018-03-01 0 days 1,530 sqft
    2018-04-01 0 days 1,533 sqft
    2018-05-01 0 days 1,542 sqft
    2018-06-01 0 days 1,524 sqft
    2018-07-01 0 days 1,514 sqft
    2018-08-01 0 days 1,548 sqft
    2018-09-01 0 days 1,548 sqft
    2018-10-01 0 days 1,614 sqft
    2018-11-01 0 days 1,633 sqft
    2018-12-01 0 days 1,514 sqft
    2019-01-01 0 days 1,507 sqft
    2019-02-01 0 days 1,512 sqft
    2019-03-01 0 days 1,565 sqft
    2019-04-01 0 days 1,563 sqft
    2019-05-01 0 days 1,565 sqft
    2019-06-01 0 days 1,652 sqft
    2019-07-01 0 days 1,628 sqft
    2019-08-01 0 days 1,491 sqft
    2019-09-01 0 days 1,494 sqft
    2019-10-01 0 days 1,497 sqft
    2019-11-01 0 days 1,570 sqft
    2019-12-01 0 days 1,626 sqft
    2020-01-01 0 days 1,620 sqft
    2020-02-01 0 days 1,512 sqft
    2020-03-01 0 days 1,570 sqft
    2020-04-01 0 days 1,748 sqft
    2020-05-01 0 days 1,680 sqft
    2020-06-01 0 days 1,616 sqft
    2020-07-01 0 days 1,550 sqft
    2020-08-01 0 days 1,589 sqft
    2020-09-01 0 days 1,629 sqft
    2020-10-01 0 days 1,533 sqft
    2020-11-01 0 days 1,526 sqft
    2020-12-01 0 days 1,606 sqft
    2021-01-01 0 days 1,622 sqft
    2021-02-01 0 days 1,640 sqft
    2021-03-01 0 days 1,589 sqft
    2021-04-01 0 days 1,602 sqft
    2021-05-01 0 days 1,634 sqft
    2021-06-01 0 days 1,600 sqft
    2021-07-01 0 days 1,637 sqft
    2021-08-01 0 days 1,650 sqft
    2021-09-01 0 days 1,658 sqft
    2021-10-01 0 days 1,602 sqft
    2021-11-01 0 days 1,592 sqft
    2021-12-01 0 days 1,597 sqft
    2022-01-01 0 days 1,584 sqft
    2022-02-01 0 days 1,555 sqft
    2022-03-01 0 days 1,516 sqft
    2022-04-01 0 days 1,456 sqft
    2022-05-01 0 days 1,542 sqft
    2022-06-01 0 days 1,534 sqft
    2022-07-01 0 days 1,563 sqft
    2022-08-01 0 days 1,696 sqft
    2022-09-01 0 days 1,580 sqft
    2022-10-01 0 days 1,579 sqft
    2022-11-01 0 days 1,671 sqft
    2022-12-01 0 days 1,638 sqft
    2023-01-01 0 days 1,637 sqft
    2023-02-01 0 days 1,624 sqft
    Jackson's median listing age (time on market) for 2023-02-01 was 0 days.

    Jackson's median square footage for active listings during the 2023-02-01 period was 1,624 sqft. One year prior, the average listing was 1,555 sqft.

    Jackson, OH Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 354 $63,500,000 $179,379
    Cash Out Refi 88 $11,930,000 $135,568
    Refi 78 $10,840,000 $138,974
    Home Improvement 58 $4,020,000 $69,310
    Other 46 $4,230,000 $91,957

    Jackson's most frequently cited loan purpose was Home Purchase, with 354 originations. The 2nd most popular reason was Cash Out Refi, with 88 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 146 $21,710,000 $148,699
    4-5% 113 $21,385,000 $189,248
    3-4% 112 $15,980,000 $142,679
    6-7% 80 $12,840,000 $160,500
    2.5-3% 34 $4,390,000 $129,118
    7-8% 26 $3,450,000 $132,692
    <2.5% 15 $965,000 $64,333
    Over 8% 11 $625,000 $56,818

    During 2022, Jackson's most frequently originated rate bucket was 5-6%, with 146 originations.

    Loan Sizing (Jackson, OH MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 254 $35,660,000 $140,394
    $100,000 or less 220 $14,050,000 $63,864
    $200k-400k 136 $36,160,000 $265,882
    $400k-600k 10 $4,520,000 $452,000
    $600k-1000k 3 $1,995,000 $665,000
    $Over $1MM 1 $2,135,000 $2,135,000

    Jackson's loan sizing saw the bucket of loans from $100k-200k with 254 originations, totaling $35,660,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 286 $49,120,000 $171,748
    60-80% 113 $19,235,000 $170,221
    40-60% 51 $5,655,000 $110,882
    20-40% 49 $3,635,000 $74,184
    Under 20% 29 $1,075,000 $37,069
    Over 100% 6 $2,230,000 $371,667

    Jackson's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 286 originations, totaling $49,120,000 in origination value.