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 6.75% for the week of 2024-07-18, compared to the national average of 6.77% for the same period.

    The average rate for the prior week (2024-07-11) was 6.87% and one month ago for the week of 2024-06-13, the average rate was 7.23%.

    Kendallville's average rate one year ago was 6.84%.

    For refis of the same type during the week of 2024-07-18, the average rate was 6.77%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-07-18 6.77%
    Kendallville 30 Year Fixed Rate 2024-07-18 6.75%
    Kendallville 30 Year Fixed Rate Refi 2024-07-18 6.77%
    Kendallville 15 Year Fixed Rate 2024-07-18 6.25%
    Kendallville 15 Year Fixed Rate Refi 2024-07-18 6.15%
    Kendallville 30 Year FHA 2024-07-18 7.16%
    Kendallville 30 Year FHA Refi 2024-07-18 6.39%
    Kendallville 30 Year USDA 2024-07-18 6.63%
    Kendallville 30 Year USDA Refi 2024-07-18 6.43%
    Kendallville 30 Year VA 2024-07-18 6.2%
    Kendallville 30 Year VA Refi 2024-07-18 6.4%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Three Rivers Federal Credit Union 35 7.02% $2,638
    RUOFF MORTGAGE COMPANY, INC. 34 7.04% $4,289
    INTERRA CREDIT UNION 20 6.23% $3,103
    GVC MORTGAGE, INC. 17 7.17% $5,062
    VAN DYK MORTGAGE CORPORATION 17 7.01% $3,429
    ProFed Federal Credit Union 14 6.38% $2,404
    TEACHERS CREDIT UNION 12 6.96% $2,541
    HALLMARK HOME MORTGAGE, LLC 11 7.09% $4,639
    QUICKEN LOANS, LLC 10 6.82% $5,230
    JPMorgan Chase Bank 10 6.67% $3,426
    Farmers State Bank 8 7.39% $2,919
    Horizon Bank 8 6.87% $2,678
    UNITED WHOLESALE MORTGAGE, LLC 6 6.87% $4,103
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 6.72% $6,085
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 4 6.50% $4,964
    STAR Financial Bank 4 6.63% $2,802
    Lake City Bank 4 7.00% $2,344
    The Huntington National Bank 4 6.59% $4,339
    Fifth Third Bank 4 7.06% $3,353
    Wells Fargo Bank 3 7.42% $3,493
    Farm Credit Mid-America, ACA 3 7.46% $4,552
    GENEVA FINANCIAL, LLC 3 6.83% $3,556
    Union Savings Bank 3 6.88% $744
    First State Bank of Middlebury 3 6.08% $2,694
    PARTNERS 1ST Federal Credit Union 3 6.08% $3,126
    CARDINAL FINANCIAL 2 7.94% $4,256
    Mr. Cooper ( Nationstar Mortgage ) 2 6.81% $8,215
    Flagstar Bank, FSB 2 7.56% $3,348
    ACADEMY MORTGAGE CORPORATION 2 7.00% $4,651
    Centier Bank 2 7.38% $592
    PNC Bank 2 6.44% $2,457
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.68% $4,350
    LOANDEPOT.COM, LLC 2 7.25% $6,683
    MICHIGAN MUTUAL, INC. 2 7.13% $6,286
    Crossroads Bank 2 6.75% $1,722
    Old National Bank 1 7.38% $5,444
    Carrington Mortgage Services, LLC 1 7.38% $7,184
    CHURCHILL MORTGAGE CORPORATION 1 7.25% $5,010
    ENDEAVOR CAPITAL, LLC. 1 6.25% $7,310
    EQUITY RESOURCES, INC. 1 7.50% $4,581
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.50% $6,617
    First Federal Bank of the Midwest 1 7.13% $5,312
    First Federal Savings Bank 1 7.00% $3,135
    FORT FINANCIAL Federal Credit Union 1 6.88% $3,709
    FREEDOM MORTGAGE CORPORATION 1 6.88% $5,784
    Goldwater Bank, N.A. 1 7.63% $6,165
    GUIDANCE RESIDENTIAL, LLC 1 8.13% $3,636
    GUILD MORTGAGE COMPANY 1 7.00% $5,440
    MIDWEST AMERICA 1 7.13% $2,301
    Morgan Stanley Private Bank 1 5.78% $3,255
    Mortgage Research Center, LLC 1 7.13% $3,707
    NAVY FEDERAL CREDIT UNION 1 5.13% $1,513
    NEWREZ LLC 1 6.13% $1,661
    Northpointe Bank 1 9.25% $2,894
    Notre Dame Federal Credit Union Corporation 1 7.88% $5,809
    PHH Mortgage Corporation 1 6.88% $5,099
    PURDUE FEDERAL CREDIT UNION 1 5.63% $3,228
    RELIANCE FIRST CAPITAL, LLC 1 6.50% $12,400
    ROYAL UNITED MORTGAGE LLC 1 7.88% $9,500
    STOCKTON MORTGAGE CORPORATION 1 7.13% $2,748
    TECH Credit Union 1 6.75% $2,759
    The Citizens National Bank of Bluffton 1 7.00% $1,819
    The Farmers & Merchants State Bank 1 6.63% $5,330
    THRIVE MORTGAGE, LLC 1 6.25% $4,047
    UNION HOME MORTGAGE CORP. 1 7.38% $2,977
    V.I.P. MORTGAGE, INC. 1 5.88% $2,619

    Kendallville Average Closing Costs & Other Stats

    Kendallville, IN's 66 lenders originated 1,013 loans during 2023. The total origination value was $152,885,000, with an average loan value of $150,923.

    Kendallville's average closing costs are $3,561.

    The top Kendallville lender as defined by loan originations is Three Rivers Federal Credit Union, with 35 loans originated. Their average total fees are $2,638, which is $1,651 lower than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Kendallville lenders (with over 10 loans originated) are ProFed Federal Credit Union ($2,404), TEACHERS CREDIT UNION ($2,541), Three Rivers Federal Credit Union ($2,638), INTERRA CREDIT UNION ($3,103) and JPMorgan Chase Bank ($3,426).

    The lowest rate Kendallville lenders (with over 10 loans originated) are INTERRA CREDIT UNION (6.23%), ProFed Federal Credit Union (6.38%), JPMorgan Chase Bank (6.67%), QUICKEN LOANS, LLC (6.82%) and TEACHERS CREDIT UNION (6.96%).

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    RUOFF MORTGAGE COMPANY, INC. $16,515,000 $12,150,000 -26.4% 7.9%
    Three Rivers Federal Credit Union $13,630,000 $11,735,000 -13.9% 7.7%
    VAN DYK MORTGAGE CORPORATION $9,785,000 $7,105,000 -27.4% 4.6%
    The Campbell & Fetter Bank $7,625,000 $6,895,000 -9.6% 4.5%
    INTERRA CREDIT UNION $8,290,000 $6,875,000 -17.1% 4.5%
    Farmers and Merchants Bank $4,905,000 $6,765,000 37.9% 4.4%
    GVC MORTGAGE, INC. $4,140,000 $6,445,000 55.7% 4.2%
    Lake City Bank $11,565,000 $6,410,000 -44.6% 4.2%
    Farmers State Bank $18,485,000 $6,000,000 -67.5% 3.9%
    QUICKEN LOANS, LLC $9,680,000 $5,955,000 -38.5% 3.9%
    ProFed Federal Credit Union $4,800,000 $4,915,000 2.4% 3.2%
    TEACHERS CREDIT UNION $2,545,000 $3,780,000 48.5% 2.5%
    Horizon Bank $3,965,000 $3,740,000 -5.7% 2.4%
    STAR Financial Bank $2,605,000 $3,670,000 40.9% 2.4%
    Fifth Third Bank $1,465,000 $3,465,000 136.5% 2.3%
    HALLMARK HOME MORTGAGE, LLC $5,280,000 $3,445,000 -34.8% 2.3%
    The Garrett State Bank $5,865,000 $2,780,000 -52.6% 1.8%
    Mortgage Research Center, LLC $2,720,000 $2,545,000 -6.4% 1.7%
    PARTNERS 1ST Federal Credit Union $940,000 $2,120,000 125.5% 1.4%
    JPMorgan Chase Bank $5,840,000 $2,045,000 -65.0% 1.3%
    CARDINAL FINANCIAL $1,395,000 $1,570,000 12.5% 1.0%
    UNITED WHOLESALE MORTGAGE, LLC $1,770,000 $1,490,000 -15.8% 1.0%
    MIDWEST AMERICA $2,020,000 $1,360,000 -32.7% 0.9%
    Nations Lending Corporation $780,000 $1,330,000 70.5% 0.9%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $2,070,000 $1,275,000 -38.4% 0.8%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $415,000 $1,265,000 204.8% 0.8%
    First Federal Savings Bank $700,000 $1,240,000 77.1% 0.8%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $980,000 $1,195,000 21.9% 0.8%
    Carrington Mortgage Services, LLC $425,000 $1,150,000 170.6% 0.8%
    Mr. Cooper ( Nationstar Mortgage ) $1,705,000 $1,100,000 -35.5% 0.7%
    LOANDEPOT.COM, LLC $2,260,000 $1,080,000 -52.2% 0.7%
    UNION HOME MORTGAGE CORP. $1,445,000 $1,045,000 -27.7% 0.7%
    Union Savings Bank $1,340,000 $1,015,000 -24.3% 0.7%
    21ST MORTGAGE CORPORATION $175,000 $1,005,000 474.3% 0.7%
    Morgan Stanley Private Bank $1,005,000 n/a 0.7%
    Crossroads Bank $760,000 $985,000 29.6% 0.6%
    First Merchants Bank $850,000 $980,000 15.3% 0.6%
    The Huntington National Bank $955,000 $925,000 -3.1% 0.6%
    Wells Fargo Bank $1,555,000 $890,000 -42.8% 0.6%
    First State Bank of Middlebury $545,000 $845,000 55.0% 0.6%
    Old National Bank $185,000 $810,000 337.8% 0.5%
    The Farmers & Merchants State Bank $945,000 $800,000 -15.3% 0.5%
    PNC Bank $1,900,000 $765,000 -59.7% 0.5%
    MICHIGAN MUTUAL, INC. $430,000 $735,000 70.9% 0.5%
    1st Source Bank $980,000 $700,000 -28.6% 0.5%
    GENEVA FINANCIAL, LLC $1,140,000 $700,000 -38.6% 0.5%
    V.I.P. MORTGAGE, INC. $1,450,000 $685,000 -52.8% 0.4%
    PURDUE FEDERAL CREDIT UNION $675,000 n/a 0.4%
    FORT FINANCIAL Federal Credit Union $940,000 $670,000 -28.7% 0.4%
    Farm Credit Mid-America, ACA $3,755,000 $655,000 -82.6% 0.4%
    PENNYMAC LOAN SERVICES, LLC $605,000 $655,000 8.3% 0.4%
    ACADEMY MORTGAGE CORPORATION $1,195,000 $650,000 -45.6% 0.4%
    FREEDOM MORTGAGE CORPORATION $2,255,000 $590,000 -73.8% 0.4%
    NEWREZ LLC $435,000 $530,000 21.8% 0.3%
    POLARIS HOME FUNDING CORP. $530,000 n/a 0.3%
    USAA Federal Savings Bank $275,000 $515,000 87.3% 0.3%
    Flagstar Bank, FSB $1,355,000 $455,000 -66.4% 0.3%
    ROYAL UNITED MORTGAGE LLC $170,000 $370,000 117.6% 0.2%
    CHURCHILL MORTGAGE CORPORATION $155,000 $360,000 132.3% 0.2%
    GUIDANCE RESIDENTIAL, LLC $345,000 n/a 0.2%
    The Federal Savings Bank $430,000 $345,000 -19.8% 0.2%
    EVERENCE FEDERAL CREDIT UNION $125,000 $335,000 168.0% 0.2%
    Centier Bank $115,000 $320,000 178.3% 0.2%
    The State Bank and Trust Company $780,000 $315,000 -59.6% 0.2%
    First Federal Bank of the Midwest $1,195,000 $285,000 -76.2% 0.2%
    AmRes Corporation $275,000 n/a 0.2%
    RELIANCE FIRST CAPITAL, LLC $165,000 $255,000 54.5% 0.2%
    CALIBER HOME LOANS, INC. $1,150,000 $245,000 -78.7% 0.2%
    AMERISAVE MORTGAGE CORPORATION $780,000 $230,000 -70.5% 0.2%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $165,000 $230,000 39.4% 0.2%
    Notre Dame Federal Credit Union Corporation $145,000 $230,000 58.6% 0.2%
    PHH Mortgage Corporation $230,000 n/a 0.2%
    GUILD MORTGAGE COMPANY $225,000 n/a 0.1%
    EMM LOANS LLC $165,000 $195,000 18.2% 0.1%
    ENDEAVOR CAPITAL, LLC. $195,000 n/a 0.1%
    EVERETT FINANCIAL, INC. $515,000 $190,000 -63.1% 0.1%
    MOVEMENT MORTGAGE, LLC $245,000 $185,000 -24.5% 0.1%
    STOCKTON MORTGAGE CORPORATION $185,000 n/a 0.1%
    Figure Lending LLC $90,000 $180,000 100.0% 0.1%
    NAVY FEDERAL CREDIT UNION $435,000 $180,000 -58.6% 0.1%
    Capital Bank $175,000 n/a 0.1%
    UNITED SECURITY FINANCIAL CORP $175,000 n/a 0.1%
    EQUITY RESOURCES, INC. $165,000 n/a 0.1%
    Goldwater Bank, N.A. $165,000 n/a 0.1%
    NEW DAY FINANCIAL, LLC $340,000 $165,000 -51.5% 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $410,000 $165,000 -59.8% 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $165,000 n/a 0.1%
    Discover Bank $175,000 $160,000 -8.6% 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $155,000 n/a 0.1%
    Northpointe Bank $155,000 n/a 0.1%
    THRIVE MORTGAGE, LLC $115,000 $155,000 34.8% 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $875,000 $145,000 -83.4% 0.1%
    FIRST CENTENNIAL MORTGAGE CORPORATION $145,000 n/a 0.1%
    MORTGAGE 1 INCORPORATED $145,000 n/a 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $105,000 $135,000 28.6% 0.1%
    Barrington Bank & Trust Company, N.A. $340,000 $135,000 -60.3% 0.1%
    BETTER MORTGAGE CORPORATION $135,000 n/a 0.1%
    First Federal Savings Bank $700,000 $135,000 -80.7% 0.1%
    TECH Credit Union $115,000 n/a 0.1%
    ALLIANT CREDIT UNION $105,000 n/a 0.1%
    M&T Bank $185,000 $105,000 -43.2% 0.1%
    Prosperity Home Mortgage, LLC $105,000 n/a 0.1%
    BEACON CREDIT UNION $75,000 $95,000 26.7% 0.1%
    First National Bank of America $95,000 n/a 0.1%
    PLAZA HOME MORTGAGE, INC. $95,000 n/a 0.1%
    The Citizens National Bank of Bluffton $95,000 n/a 0.1%
    Northwest Bank $35,000 $90,000 157.1% 0.1%
    BROKER SOLUTIONS, INC. $290,000 $85,000 -70.7% 0.1%
    LENDINGHOME FUNDING CORPORATION $105,000 $85,000 -19.0% 0.1%
    Bank of America $190,000 $75,000 -60.5% 0.0%
    LOANPAL, LLC $95,000 $55,000 -42.1% 0.0%
    SPRING EQ, LLC $35,000 $55,000 57.1% 0.0%
    U.S. Bank $110,000 $55,000 -50.0% 0.0%
    Citizens Bank $560,000 $35,000 -93.8% 0.0%
    Sturgis Bank & Trust Company $25,000 n/a 0.0%
    Third Federal Savings and Loan Association of Cleveland $25,000 n/a 0.0%

    Kendallville's top lender by overall market share is RUOFF MORTGAGE COMPANY, INC., with 7.9% market share. In second place, with 7.7%, is Three Rivers Federal Credit Union, having originated $11,735,000 in loans. In third place, with 4.6%, is VAN DYK MORTGAGE CORPORATION, having originated $7,105,000 in loans. In fourth place, with 4.5%, is The Campbell & Fetter Bank, having originated $6,895,000 in loans. In fifth place, with 4.5%, is INTERRA CREDIT UNION, having originated $6,875,000 in loans.

    Kendallville, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 498 $104,150,000 $209,137
    Other 158 $9,530,000 $60,316
    Cash Out Refi 147 $19,415,000 $132,075
    Refi 115 $12,215,000 $106,217
    Home Improvement 95 $7,575,000 $79,737

    Kendallville's most frequently cited loan purpose was Home Purchase, with 498 originations. The 2nd most popular reason was Other, with 158 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 276 $47,500,000 $172,101
    Over 8% 266 $19,870,000 $74,699
    7-8% 265 $45,665,000 $172,321
    5-6% 92 $20,630,000 $224,239
    <2.5% 14 $220,000 $15,714
    4-5% 9 $2,485,000 $276,111
    3-4% 2 $280,000 $140,000

    During 2023, Kendallville's most frequently originated rate bucket was 6-7%, with 276 originations.

    Loan Sizing (Kendallville, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 418 $21,590,000 $51,651
    $100k-200k 367 $53,505,000 $145,790
    $200k-400k 179 $48,345,000 $270,084
    $400k-600k 30 $14,560,000 $485,333
    $600k-1000k 15 $10,625,000 $708,333
    $Over $1MM 4 $4,260,000 $1,065,000

    Kendallville's loan sizing saw the bucket of loans from $100,000 or less with 418 originations, totaling $21,590,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 334 $67,260,000 $201,377
    Under 20% 171 $6,575,000 $38,450
    60-80% 164 $32,660,000 $199,146
    20-40% 153 $13,305,000 $86,961
    40-60% 86 $13,600,000 $158,140
    Over 100% 7 $2,525,000 $360,714

    Kendallville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 334 originations, totaling $67,260,000 in origination value.