Jackson Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Jackson averaged 7.19% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

The average rate for the prior week (2023-09-14) was 7.28% and one month ago for the week of 2023-08-17, the average rate was 7.19%.

Jackson's average rate one year ago was 6.22%.

For refis of the same type during the week of 2023-09-21, the average rate was 7.39%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-21 7.19%
Jackson 30 Year Fixed Rate 2023-09-21 7.19%
Jackson 30 Year Fixed Rate Refi 2023-09-21 7.39%
Jackson 15 Year Fixed Rate 2023-09-21 6.54%
Jackson 15 Year Fixed Rate Refi 2023-09-21 7.04%
Jackson 30 Year FHA 2023-09-21 6.96%
Jackson 30 Year FHA Refi 2023-09-21 6.84%
Jackson 30 Year USDA 2023-09-21 6.82%
Jackson 30 Year USDA Refi 2023-09-21 7.12%
Jackson 30 Year VA 2023-09-21 6.82%
Jackson 30 Year VA Refi 2023-09-21 6.92%
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 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 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 ($4,298) and QUICKEN LOANS, LLC ($6,692).

The lowest rate Jackson lenders (with over 10 loans originated) are WesBanco (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
2023-03-01 $217,975 (38.0%) $262,848 (15.7%) 0.00 67
2023-04-01 $219,000 (37.7%) $259,259 (17.3%) 0.00 55
2023-05-01 $237,450 (37.5%) $265,962 (14.0%) 0.00 63
2023-06-01 $234,950 (28.5%) $280,849 (22.0%) 0.00 72
2023-07-01 $229,000 (15.1%) $275,894 (11.0%) 0.00 76
2023-08-01 $226,725 (4.0%) $267,447 (-1.2%) 0.00 75
Jackson's median listing price for 2023-08-01 was $226,725, a difference of $8,725 (4.0%) versus the prior year and $-2,275 versus the prior month.

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

Jackson's average listing price for 2023-08-01 was $267,447, a difference of $-3,128 (-1.2%) versus the prior year and $-8,447 versus the prior month.

For the 2023-08-01 period, Jackson had 75 MLS listings, a difference of -1 listings (-1%) versus the prior month and 6 listings (9%) 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 1,524 sqft
2018-04-01 0 days 1,527 sqft
2018-05-01 0 days 1,537 sqft
2018-06-01 0 days 1,520 sqft
2018-07-01 0 days 1,513 sqft
2018-08-01 0 days 1,544 sqft
2018-09-01 0 days 1,544 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 1,490 sqft
2019-09-01 0 days 1,493 sqft
2019-10-01 0 days 1,496 sqft
2019-11-01 0 days 1,541 sqft
2019-12-01 0 days 1,624 sqft
2020-01-01 0 days 1,615 sqft
2020-02-01 0 days 1,509 sqft
2020-03-01 0 days 1,563 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 1,619 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 1,597 sqft
2021-12-01 0 days 1,597 sqft
2022-01-01 0 days 1,590 sqft
2022-02-01 0 days 1,589 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 1,631 sqft
2023-03-01 0 days 1,654 sqft
2023-04-01 0 days 1,700 sqft
2023-05-01 0 days 1,697 sqft
2023-06-01 0 days 1,733 sqft
2023-07-01 0 days 1,789 sqft
2023-08-01 0 days 1,791 sqft
Jackson's median listing age (time on market) for 2023-08-01 was 0 days.

Jackson's median square footage for active listings during the 2023-08-01 period was 1,791 sqft. One year prior, the average listing was 1,696 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.