Kendallville Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Kendallville averaged 7.36% for the week of 2023-12-07, compared to the national average of 7.03% for the same period.

    The average rate for the prior week (2023-11-30) was 7.25% and one month ago for the week of 2023-11-02, the average rate was 7.79%.

    Kendallville's average rate one year ago was 6.42%.

    For refis of the same type during the week of 2023-12-07, the average rate was 6.66%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-12-07 7.03%
    Kendallville 30 Year Fixed Rate 2023-12-07 7.36%
    Kendallville 30 Year Fixed Rate Refi 2023-12-07 6.66%
    Kendallville 15 Year Fixed Rate 2023-12-07 6.09%
    Kendallville 15 Year Fixed Rate Refi 2023-12-07 6.79%
    Kendallville 30 Year FHA 2023-12-07 6.94%
    Kendallville 30 Year FHA Refi 2023-12-07 6.82%
    Kendallville 30 Year USDA 2023-12-07 6.92%
    Kendallville 30 Year USDA Refi 2023-12-07 7.02%
    Kendallville 30 Year VA 2023-12-07 6.54%
    Kendallville 30 Year VA Refi 2023-12-07 6.64%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Kendallville, IN.

    Kendallville 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 Kendallville, 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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    RUOFF MORTGAGE COMPANY, INC. 49 5.61% $2,895
    Farmers State Bank 34 4.72% $2,729
    Three Rivers Federal Credit Union 27 5.20% $2,569
    QUICKEN LOANS, LLC 22 5.11% $5,981
    VAN DYK MORTGAGE CORPORATION 22 5.39% $3,001
    JPMorgan Chase Bank 21 5.02% $4,244
    INTERRA CREDIT UNION 20 5.11% $3,051
    HALLMARK HOME MORTGAGE, LLC 19 5.52% $4,033
    ProFed Federal Credit Union 19 5.02% $2,273
    Farm Credit Mid-America, ACA 14 5.63% $5,222
    GVC MORTGAGE, INC. 14 6.41% $3,785
    TEACHERS CREDIT UNION 9 6.35% $2,333
    Horizon Bank 8 5.31% $2,504
    Lake City Bank 7 4.88% $2,374
    UNION HOME MORTGAGE CORP. 7 5.39% $3,242
    UNITED WHOLESALE MORTGAGE, LLC 5 5.35% $2,966
    CARDINAL FINANCIAL 5 6.27% $5,193
    LOANDEPOT.COM, LLC 5 4.27% $6,055
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 5 5.55% $3,202
    Flagstar Bank, FSB 4 4.69% $3,983
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 6.09% $4,135
    MIDWEST AMERICA 4 5.09% $3,061
    Fifth Third Bank 4 5.09% $2,715
    AMERISAVE MORTGAGE CORPORATION 3 4.21% $9,877
    PARTNERS 1ST Federal Credit Union 3 4.04% $2,288
    GENEVA FINANCIAL, LLC 3 5.46% $5,049
    FREEDOM MORTGAGE CORPORATION 3 5.38% $7,484
    Wells Fargo Bank 3 5.67% $4,105
    First Federal Savings Bank 3 4.00% $3,290
    First State Bank of Middlebury 3 4.50% $2,254
    Mr. Cooper ( Nationstar Mortgage ) 3 4.83% $8,995
    ROYAL UNITED MORTGAGE LLC 2 6.13% $6,432
    Associated Bank 2 5.56% $4,345
    Carrington Mortgage Services, LLC 2 3.75% $4,916
    CROSSCOUNTRY MORTGAGE, LLC 2 5.79% $4,516
    Crossroads Bank 2 4.25% $1,395
    First Federal Savings Bank 2 5.63% $5,285
    FORT FINANCIAL Federal Credit Union 2 4.44% $3,369
    LAKEVIEW LOAN SERVICING, LLC 2 4.81% $3,488
    MID AMERICA MORTGAGE, INC. 2 5.06% $3,557
    PNC Bank 2 5.69% $3,420
    ACADEMY MORTGAGE CORPORATION 2 6.31% $3,015
    STAR Financial Bank 2 5.19% $7,903
    The State Bank and Trust Company 2 3.75% $2,800
    Union Savings Bank 2 3.56% $704
    V.I.P. MORTGAGE, INC. 2 5.93% $3,027
    EVERENCE FEDERAL CREDIT UNION 1 6.25% $2,285
    MEMBER FIRST MORTGAGE, LLC 1 6.88% $3,224
    AMERICAN FINANCING CORPORATION 1 4.38% $4,253
    Elements Financial Federal Credit Union 1 5.13% $2,590
    Mortgage Research Center, LLC 1 5.38% $2,466
    MOVEMENT MORTGAGE, LLC 1 7.63% $5,327
    DRAPER AND KRAMER MORTGAGE CORP. 1 5.13% $2,668
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.13% $3,774
    Notre Dame Federal Credit Union Corporation 1 7.25% $5,076
    Cornerstone First Mortgage, Inc 1 4.75% $3,135
    PENNYMAC LOAN SERVICES, LLC 1 6.38% $5,591
    Bankers' Bank 1 4.63% $2,794
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $4,203
    Citizens Bank 1 7.00% $2,743
    CHURCHILL MORTGAGE CORPORATION 1 6.99% $3,461
    U.S. Bank 1 4.88% $2,007
    Centier Bank 1 5.25% $2,391
    SOUTHWEST FUNDING, LP 1 5.99% $5,614
    AmeriHome Mortgage Company, LLC 1 5.88% $4,661
    Stifel Bank and Trust 1 3.75% $2,205
    SUCCESS MORTGAGE PARTNERS, INC. 1 3.99% $1,981
    CALIBER HOME LOANS, INC. 1 3.38% $3,743
    The Dart Bank 1 6.25% $2,492
    The Farmers & Merchants State Bank 1 4.29% $7,227
    The Huntington National Bank 1 2.88% $5,237
    Wolfe Financial, Inc 1 5.75% $2,794
    BROKER SOLUTIONS, INC. 1 5.24% $3,279
    Truist 1 4.88% $2,799
    HOMESIDE FINANCIAL, LLC 1 5.00% $2,513
    HONDA Federal Credit Union 1 3.50% $3,027
    GUARANTEED RATE, INC. 1 4.63% $3,199
    Gold Coast Bank 1 3.25% $2,549
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.49% $2,106
    KeyBank 1 5.13% $2,505
    EVERETT FINANCIAL, INC. 1 6.00% $1,632
    Bank of England 1 5.00% $4,477

    Kendallville Average Closing Costs & Other Stats

    Kendallville, IN's 82 lenders originated 1,403 loans during 2022. The total origination value was $206,735,000, with an average loan value of $147,352.

    Kendallville's average closing costs are $3,396.

    The top Kendallville lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 49 loans originated. Their average total fees are $2,895, which is $167 higher than the next largest lender, Farmers State Bank.

    The lowest fee Kendallville lenders (with over 10 loans originated) are ProFed Federal Credit Union ($2,273), Three Rivers Federal Credit Union ($2,569), Farmers State Bank ($2,729), RUOFF MORTGAGE COMPANY, INC. ($2,895) and VAN DYK MORTGAGE CORPORATION ($3,001).

    The lowest rate Kendallville lenders (with over 10 loans originated) are Farmers State Bank (4.72%), ProFed Federal Credit Union (5.02%), JPMorgan Chase Bank (5.02%), INTERRA CREDIT UNION (5.11%) and QUICKEN LOANS, LLC (5.11%).

    Kendallville, 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Farmers State Bank $13,900,000 $18,485,000 33.0% 8.9%
    RUOFF MORTGAGE COMPANY, INC. $32,320,000 $16,515,000 -48.9% 8.0%
    Three Rivers Federal Credit Union $22,115,000 $13,630,000 -38.4% 6.6%
    Lake City Bank $9,405,000 $11,565,000 23.0% 5.6%
    VAN DYK MORTGAGE CORPORATION $12,195,000 $9,785,000 -19.8% 4.7%
    QUICKEN LOANS, LLC $16,920,000 $9,680,000 -42.8% 4.7%
    INTERRA CREDIT UNION $8,620,000 $8,290,000 -3.8% 4.0%
    The Campbell & Fetter Bank $14,050,000 $7,625,000 -45.7% 3.7%
    The Garrett State Bank $7,300,000 $5,865,000 -19.7% 2.8%
    JPMorgan Chase Bank $5,905,000 $5,840,000 -1.1% 2.8%
    HALLMARK HOME MORTGAGE, LLC $12,035,000 $5,280,000 -56.1% 2.6%
    Farmers and Merchants Bank $3,445,000 $4,905,000 42.4% 2.4%
    ProFed Federal Credit Union $14,360,000 $4,800,000 -66.6% 2.3%
    GVC MORTGAGE, INC. $4,180,000 $4,140,000 -1.0% 2.0%
    Horizon Bank $7,370,000 $3,965,000 -46.2% 1.9%
    Farm Credit Mid-America, ACA $5,665,000 $3,755,000 -33.7% 1.8%
    Mortgage Research Center, LLC $1,600,000 $2,720,000 70.0% 1.3%
    STAR Financial Bank $4,210,000 $2,605,000 -38.1% 1.3%
    TEACHERS CREDIT UNION $4,025,000 $2,545,000 -36.8% 1.2%
    LOANDEPOT.COM, LLC $3,315,000 $2,260,000 -31.8% 1.1%
    FREEDOM MORTGAGE CORPORATION $6,105,000 $2,255,000 -63.1% 1.1%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $1,680,000 $2,070,000 23.2% 1.0%
    MIDWEST AMERICA $4,620,000 $2,020,000 -56.3% 1.0%
    PNC Bank $1,665,000 $1,900,000 14.1% 0.9%
    UNITED WHOLESALE MORTGAGE, LLC $1,930,000 $1,770,000 -8.3% 0.9%
    Mr. Cooper ( Nationstar Mortgage ) $1,815,000 $1,705,000 -6.1% 0.8%
    Wells Fargo Bank $1,890,000 $1,555,000 -17.7% 0.8%
    Fifth Third Bank $2,240,000 $1,465,000 -34.6% 0.7%
    V.I.P. MORTGAGE, INC. $2,770,000 $1,450,000 -47.7% 0.7%
    UNION HOME MORTGAGE CORP. $2,740,000 $1,445,000 -47.3% 0.7%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,515,000 $1,395,000 -44.5% 0.7%
    Flagstar Bank, FSB $1,420,000 $1,355,000 -4.6% 0.7%
    Union Savings Bank $4,030,000 $1,340,000 -66.7% 0.6%
    MID AMERICA MORTGAGE, INC. $3,385,000 $1,235,000 -63.5% 0.6%
    ACADEMY MORTGAGE CORPORATION $915,000 $1,195,000 30.6% 0.6%
    First Federal Bank of the Midwest $115,000 $1,195,000 939.1% 0.6%
    CALIBER HOME LOANS, INC. $2,385,000 $1,150,000 -51.8% 0.6%
    GENEVA FINANCIAL, LLC $1,140,000 n/a 0.6%
    1st Source Bank $2,815,000 $980,000 -65.2% 0.5%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $980,000 n/a 0.5%
    Community First Bank of Indiana $975,000 n/a 0.5%
    The Huntington National Bank $2,770,000 $955,000 -65.5% 0.5%
    First Federal Savings Bank $1,515,000 $950,000 -37.3% 0.5%
    The Farmers & Merchants State Bank $575,000 $945,000 64.3% 0.5%
    FORT FINANCIAL Federal Credit Union $1,910,000 $940,000 -50.8% 0.5%
    PARTNERS 1ST Federal Credit Union $985,000 $940,000 -4.6% 0.5%
    CROSSCOUNTRY MORTGAGE, LLC $1,870,000 $875,000 -53.2% 0.4%
    First Merchants Bank $1,325,000 $850,000 -35.8% 0.4%
    AMERISAVE MORTGAGE CORPORATION $870,000 $780,000 -10.3% 0.4%
    Nations Lending Corporation $1,420,000 $780,000 -45.1% 0.4%
    The State Bank and Trust Company $1,450,000 $780,000 -46.2% 0.4%
    Crossroads Bank $2,505,000 $760,000 -69.7% 0.4%
    VILLAGE CAPITAL MORTGAGE $1,445,000 $740,000 -48.8% 0.4%
    First Federal Savings Bank $1,515,000 $700,000 -53.8% 0.3%
    FIRST CHOICE MH LLC $560,000 $665,000 18.8% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $1,010,000 $655,000 -35.1% 0.3%
    PENNYMAC LOAN SERVICES, LLC $2,065,000 $605,000 -70.7% 0.3%
    Bankers' Bank $600,000 n/a 0.3%
    Citizens Bank $1,180,000 $560,000 -52.5% 0.3%
    AMERICAN MORTGAGE SERVICE COMPANY $565,000 $555,000 -1.8% 0.3%
    First State Bank of Middlebury $1,610,000 $545,000 -66.1% 0.3%
    EVERETT FINANCIAL, INC. $125,000 $515,000 312.0% 0.2%
    AMERICAN FINANCING CORPORATION $395,000 $510,000 29.1% 0.2%
    GUARANTEED RATE, INC. $545,000 $485,000 -11.0% 0.2%
    Associated Bank $450,000 n/a 0.2%
    Elements Financial Federal Credit Union $45,000 $435,000 866.7% 0.2%
    NAVY FEDERAL CREDIT UNION $515,000 $435,000 -15.5% 0.2%
    NEWREZ LLC $2,200,000 $435,000 -80.2% 0.2%
    MICHIGAN MUTUAL, INC. $565,000 $430,000 -23.9% 0.2%
    The Federal Savings Bank $290,000 $430,000 48.3% 0.2%
    Carrington Mortgage Services, LLC $985,000 $425,000 -56.9% 0.2%
    AmeriHome Mortgage Company, LLC $305,000 $420,000 37.7% 0.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $900,000 $415,000 -53.9% 0.2%
    Wolfe Financial, Inc $415,000 n/a 0.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $495,000 $410,000 -17.2% 0.2%
    HONDA Federal Credit Union $405,000 n/a 0.2%
    KeyBank $655,000 $400,000 -38.9% 0.2%
    Truist $355,000 n/a 0.2%
    Barrington Bank & Trust Company, N.A. $525,000 $340,000 -35.2% 0.2%
    NEW DAY FINANCIAL, LLC $355,000 $340,000 -4.2% 0.2%
    Gateway First Bank $295,000 n/a 0.1%
    BROKER SOLUTIONS, INC. $385,000 $290,000 -24.7% 0.1%
    USAA Federal Savings Bank $275,000 n/a 0.1%
    Stifel Bank and Trust $265,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $250,000 n/a 0.1%
    MOVEMENT MORTGAGE, LLC $295,000 $245,000 -16.9% 0.1%
    ZILLOW HOME LOANS, LLC $195,000 $245,000 25.6% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $220,000 $230,000 4.5% 0.1%
    Loan Simple, Inc. $220,000 n/a 0.1%
    Servion, Inc. $215,000 n/a 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $195,000 n/a 0.1%
    Gold Coast Bank $195,000 n/a 0.1%
    Bank of America $805,000 $190,000 -76.4% 0.1%
    Bank of England $145,000 $185,000 27.6% 0.1%
    M&T Bank $185,000 n/a 0.1%
    NFM, INC. $185,000 n/a 0.1%
    Old National Bank $610,000 $185,000 -69.7% 0.1%
    21ST MORTGAGE CORPORATION $175,000 n/a 0.1%
    Discover Bank $85,000 $175,000 105.9% 0.1%
    Residential Mortgage Solutions, Inc. $175,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $170,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $660,000 $170,000 -74.2% 0.1%
    Cornerstone First Mortgage, Inc $165,000 n/a 0.1%
    DRAPER AND KRAMER MORTGAGE CORP. $165,000 n/a 0.1%
    EMM LOANS LLC $165,000 n/a 0.1%
    First Financial Bank $165,000 n/a 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $225,000 $165,000 -26.7% 0.1%
    OCEANSIDE MORTGAGE COMPANY $335,000 $165,000 -50.7% 0.1%
    PROVIDENT FUNDING ASSOCIATES, L.P. $155,000 $165,000 6.5% 0.1%
    RELIANCE FIRST CAPITAL, LLC $240,000 $165,000 -31.3% 0.1%
    CHURCHILL MORTGAGE CORPORATION $180,000 $155,000 -13.9% 0.1%
    Notre Dame Federal Credit Union Corporation $95,000 $145,000 52.6% 0.1%
    SOUTHWEST FUNDING, LP $145,000 n/a 0.1%
    The Dart Bank $145,000 n/a 0.1%
    AMERICAN ADVISORS GROUP $135,000 n/a 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $135,000 n/a 0.1%
    EVERENCE FEDERAL CREDIT UNION $125,000 n/a 0.1%
    NATIONS DIRECT MORTGAGE, LLC $390,000 $125,000 -67.9% 0.1%
    Centier Bank $75,000 $115,000 53.3% 0.1%
    Chicago Mortgage Solutions LLC $115,000 n/a 0.1%
    MIDLAND MORTGAGE CORPORATION $115,000 n/a 0.1%
    THRIVE MORTGAGE, LLC $175,000 $115,000 -34.3% 0.1%
    U.S. Bank $110,000 n/a 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $105,000 $105,000 0.0% 0.1%
    LENDINGHOME FUNDING CORPORATION $105,000 n/a 0.1%
    Fire Police City County Federal Credit Union $755,000 $95,000 -87.4% 0.0%
    LOANPAL, LLC $165,000 $95,000 -42.4% 0.0%
    MEMBER FIRST MORTGAGE, LLC $95,000 n/a 0.0%
    Figure Lending LLC $120,000 $90,000 -25.0% 0.0%
    SUCCESS MORTGAGE PARTNERS, INC. $720,000 $85,000 -88.2% 0.0%
    BEACON CREDIT UNION $345,000 $75,000 -78.3% 0.0%
    LIMA ONE CAPITAL, LLC $65,000 n/a 0.0%
    INOVA FEDERAL CREDIT UNION $55,000 n/a 0.0%
    Northwest Bank $725,000 $35,000 -95.2% 0.0%
    SPRING EQ, LLC $80,000 $35,000 -56.3% 0.0%
    CHARTWAY FEDERAL CREDIT UNION $25,000 n/a 0.0%

    Kendallville's top lender by overall market share is Farmers State Bank, with 8.9% market share. In second place, with 8.0%, is RUOFF MORTGAGE COMPANY, INC., having originated $16,515,000 in loans. In third place, with 6.6%, is Three Rivers Federal Credit Union, having originated $13,630,000 in loans. In fourth place, with 5.6%, is Lake City Bank, having originated $11,565,000 in loans. In fifth place, with 4.7%, is VAN DYK MORTGAGE CORPORATION, having originated $9,785,000 in loans.

    Kendallville, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 633 $119,925,000 $189,455
    Cash Out Refi 264 $38,330,000 $145,189
    Refi 214 $30,160,000 $140,935
    Other 172 $10,510,000 $61,105
    Home Improvement 120 $7,810,000 $65,083

    Kendallville's most frequently cited loan purpose was Home Purchase, with 633 originations. The 2nd most popular reason was Cash Out Refi, with 264 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 325 $54,125,000 $166,538
    4-5% 268 $43,660,000 $162,910
    3-4% 261 $38,035,000 $145,728
    6-7% 218 $28,170,000 $129,220
    7-8% 82 $9,390,000 $114,512
    2.5-3% 55 $8,165,000 $148,455
    <2.5% 50 $4,580,000 $91,600
    Over 8% 34 $1,900,000 $55,882

    During 2022, Kendallville's most frequently originated rate bucket was 5-6%, with 325 originations.

    Loan Sizing (Kendallville, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 544 $78,050,000 $143,474
    $100,000 or less 542 $28,590,000 $52,749
    $200k-400k 256 $68,160,000 $266,250
    $400k-600k 48 $21,920,000 $456,667
    $600k-1000k 12 $8,910,000 $742,500
    $Over $1MM 1 $1,105,000 $1,105,000

    Kendallville's loan sizing saw the bucket of loans from $100k-200k with 544 originations, totaling $78,050,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 453 $85,695,000 $189,172
    60-80% 284 $54,280,000 $191,127
    Under 20% 219 $7,835,000 $35,776
    20-40% 178 $14,320,000 $80,449
    40-60% 138 $21,230,000 $153,841
    Over 100% 11 $2,825,000 $256,818

    Kendallville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 453 originations, totaling $85,695,000 in origination value.