Kendallville Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Kendallville averaged 6.74% for the week of 2025-06-18, compared to the national average of 6.81% for the same period.

The average rate for the prior week (2025-06-12) was 6.87% and one month ago for the week of 2025-05-15, the average rate was 6.74%.

Kendallville's average rate one year ago was 6.88%.

For refis of the same type during the week of 2025-06-18, the average rate was 6.71%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-06-18 6.81%
Kendallville 30 Year Fixed Rate 2025-06-18 6.74%
Kendallville 30 Year Fixed Rate Refi 2025-06-18 6.71%
Kendallville 15 Year Fixed Rate 2025-06-18 6.06%
Kendallville 15 Year Fixed Rate Refi 2025-06-18 6.16%
Kendallville 30 Year FHA 2025-06-18 0.47%
Kendallville 30 Year FHA Refi 2025-06-18 0%
Kendallville 30 Year USDA 2025-06-18 -0.1%
Kendallville 30 Year USDA Refi 2025-06-18 0.1%
Kendallville 30 Year VA 2025-06-18 0.1%
Kendallville 30 Year VA Refi 2025-06-18 0.2%
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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
RUOFF MORTGAGE COMPANY, INC. 37 6.74% $3,942
Three Rivers Federal Credit Union 37 6.77% $2,883
GVC MORTGAGE, INC. 32 7.01% $4,772
INTERRA CREDIT UNION 21 6.49% $3,063
QUICKEN LOANS, LLC 17 6.48% $5,543
JPMorgan Chase Bank 15 6.55% $3,435
ProFed Federal Credit Union 15 6.52% $2,488
VAN DYK MORTGAGE CORPORATION 13 7.03% $2,424
HALLMARK HOME MORTGAGE, LLC 13 7.06% $5,417
Farmers State Bank 12 6.80% $3,147
Lake City Bank 9 6.85% $3,116
Fifth Third Bank 7 6.75% $2,892
Horizon Bank 7 6.84% $2,575
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 6 7.00% $4,372
Flagstar Bank, FSB 5 6.42% $3,179
V.I.P. MORTGAGE, INC. 5 6.55% $3,280
GUILD MORTGAGE COMPANY 4 7.28% $6,499
EVERETT FINANCIAL, INC. 4 7.09% $5,943
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.28% $6,734
Farm Credit Mid-America, ACA 4 6.81% $5,812
MJW Financial LLC 4 6.97% $3,466
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 6.97% $5,461
FORT FINANCIAL Federal Credit Union 3 7.29% $3,161
TEACHERS CREDIT UNION 3 6.67% $4,800
STAR Financial Bank 3 6.75% $2,465
UNITED WHOLESALE MORTGAGE, LLC 3 7.14% $4,698
CHURCHILL MORTGAGE CORPORATION 2 6.88% $6,507
AMERISAVE MORTGAGE CORPORATION 2 7.00% $7,869
CARDINAL FINANCIAL 2 6.93% $3,606
First Federal Savings Bank 2 7.44% $2,994
GENEVA FINANCIAL, LLC 2 7.00% $3,466
GUARANTEED RATE, INC. 2 6.96% $3,241
LOANDEPOT.COM, LLC 2 6.75% $4,603
MOVEMENT MORTGAGE, LLC 2 7.13% $8,101
STOCKTON MORTGAGE CORPORATION 2 6.56% $5,000
UNION HOME MORTGAGE CORP. 2 7.50% $3,414
Merchants Bank of Indiana 1 7.25% $2,123
MICHIGAN MUTUAL, INC. 1 6.13% $5,016
First Federal Savings Bank 1 6.38% $2,070
Mortgage Research Center, LLC 1 7.63% $1,005
VICTORY MORTGAGE, L.L.C. 1 7.50% $2,197
NAVY FEDERAL CREDIT UNION 1 5.50% $1,432
NEWREZ LLC 1 6.50% $4,970
Notre Dame Federal Credit Union Corporation 1 7.50% $5,379
OAK MORTGAGE, LLC 1 6.50% $3,062
Old National Bank 1 6.88% $2,555
PARTNERS 1ST Federal Credit Union 1 6.50% $3,787
PNC Bank 1 6.88% $2,475
POINT Mortgage 1 6.75% $3,627
POLARIS HOME FUNDING CORP. 1 6.50% $8,192
Directions Credit Union, Inc. 1 7.13% $1,545
CROSSCOUNTRY MORTGAGE, LLC 1 7.45% $4,487
Commerce Home Mortgage, Inc. 1 9.38% $8,658
Citibank 1 6.00% $9,891
BEACON CREDIT UNION 1 7.75% $2,314
1st Source Bank 1 7.00% $9,149
The Friendship State Bank 1 6.75% $1,876
The State Bank and Trust Company 1 6.63% $2,821
Charles Schwab Bank, SSB 1 6.38% $3,001
Waterstone Mortgage Corporation 1 6.99% $3,101
Union Savings Bank 1 6.25% $255
UNITED HOME LOANS, INC. 1 7.63% $9,226
Century Mortgage Company DBA Century Lending Company 1 6.50% $2,983
HOMESIDE FINANCIAL, LLC 1 6.50% $1,939
KeyBank 1 10.85% $943
GUIDANCE RESIDENTIAL, LLC 1 6.63% $4,121
BROKER SOLUTIONS, INC. 1 7.38% $3,343

Kendallville Average Closing Costs & Other Stats

Kendallville, IN's 67 lenders originated 1,107 loans during 2024. The total origination value was $179,845,000, with an average loan value of $162,462.

Kendallville's average closing costs are $3,723.

The top Kendallville lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 37 loans originated. Their average total fees are $3,942, which is $1,059 higher than the next largest lender, Three Rivers Federal Credit Union.

The lowest fee Kendallville lenders (with over 10 loans originated) are VAN DYK MORTGAGE CORPORATION ($2,424), ProFed Federal Credit Union ($2,488), Three Rivers Federal Credit Union ($2,883), INTERRA CREDIT UNION ($3,063) and Farmers State Bank ($3,147).

The lowest rate Kendallville lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.48%), INTERRA CREDIT UNION (6.49%), ProFed Federal Credit Union (6.52%), JPMorgan Chase Bank (6.55%) and RUOFF MORTGAGE COMPANY, INC. (6.74%).

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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
Three Rivers Federal Credit Union $11,735,000 $17,045,000 45.2% 9.5%
RUOFF MORTGAGE COMPANY, INC. $12,150,000 $14,025,000 15.4% 7.8%
GVC MORTGAGE, INC. $6,445,000 $10,290,000 59.7% 5.7%
QUICKEN LOANS, LLC $5,955,000 $8,335,000 40.0% 4.6%
VAN DYK MORTGAGE CORPORATION $7,105,000 $8,245,000 16.0% 4.6%
Lake City Bank $6,410,000 $8,175,000 27.5% 4.5%
INTERRA CREDIT UNION $6,875,000 $7,495,000 9.0% 4.2%
Farmers State Bank $6,000,000 $6,805,000 13.4% 3.8%
The Campbell & Fetter Bank $6,895,000 $6,475,000 -6.1% 3.6%
Farmers and Merchants Bank $6,765,000 $5,935,000 -12.3% 3.3%
HALLMARK HOME MORTGAGE, LLC $3,445,000 $5,895,000 71.1% 3.3%
ProFed Federal Credit Union $4,915,000 $5,605,000 14.0% 3.1%
JPMorgan Chase Bank $2,045,000 $3,585,000 75.3% 2.0%
The Garrett State Bank $2,780,000 $3,555,000 27.9% 2.0%
Old National Bank $810,000 $3,495,000 331.5% 1.9%
Mortgage Research Center, LLC $2,545,000 $2,965,000 16.5% 1.6%
Horizon Bank $3,740,000 $2,635,000 -29.5% 1.5%
Farm Credit Mid-America, ACA $655,000 $2,455,000 274.8% 1.4%
FREEDOM MORTGAGE CORPORATION $590,000 $2,290,000 288.1% 1.3%
UNITED WHOLESALE MORTGAGE, LLC $1,490,000 $2,245,000 50.7% 1.2%
STAR Financial Bank $3,670,000 $2,000,000 -45.5% 1.1%
V.I.P. MORTGAGE, INC. $685,000 $1,825,000 166.4% 1.0%
STOCKTON MORTGAGE CORPORATION $185,000 $1,785,000 864.9% 1.0%
Fifth Third Bank $3,465,000 $1,780,000 -48.6% 1.0%
TEACHERS CREDIT UNION $3,780,000 $1,775,000 -53.0% 1.0%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $1,275,000 $1,550,000 21.6% 0.9%
MIDWEST AMERICA $1,360,000 $1,510,000 11.0% 0.8%
PNC Bank $765,000 $1,415,000 85.0% 0.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,265,000 $1,355,000 7.1% 0.8%
Flagstar Bank, FSB $455,000 $1,320,000 190.1% 0.7%
First State Bank of Middlebury $845,000 $1,315,000 55.6% 0.7%
FORT FINANCIAL Federal Credit Union $670,000 $1,270,000 89.6% 0.7%
First Federal Savings Bank $135,000 $1,230,000 811.1% 0.7%
EVERETT FINANCIAL, INC. $190,000 $1,135,000 497.4% 0.6%
GUILD MORTGAGE COMPANY $225,000 $1,120,000 397.8% 0.6%
NEWREZ LLC $530,000 $1,060,000 100.0% 0.6%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $1,195,000 $940,000 -21.3% 0.5%
LOANDEPOT.COM, LLC $1,080,000 $920,000 -14.8% 0.5%
1st Source Bank $700,000 $895,000 27.9% 0.5%
MOVEMENT MORTGAGE, LLC $185,000 $890,000 381.1% 0.5%
Magnolia Bank $815,000 n/a 0.5%
MJW Financial LLC $810,000 n/a 0.5%
UNION HOME MORTGAGE CORP. $1,045,000 $810,000 -22.5% 0.5%
CARDINAL FINANCIAL $1,570,000 $780,000 -50.3% 0.4%
First Merchants Bank $980,000 $755,000 -23.0% 0.4%
PENNYMAC LOAN SERVICES, LLC $655,000 $740,000 13.0% 0.4%
Carrington Mortgage Services, LLC $1,150,000 $715,000 -37.8% 0.4%
Prosperity Home Mortgage, LLC $105,000 $705,000 571.4% 0.4%
AMERISAVE MORTGAGE CORPORATION $230,000 $660,000 187.0% 0.4%
The State Bank and Trust Company $315,000 $595,000 88.9% 0.3%
PARTNERS 1ST Federal Credit Union $2,120,000 $585,000 -72.4% 0.3%
Union Savings Bank $1,015,000 $580,000 -42.9% 0.3%
BROKER SOLUTIONS, INC. $85,000 $555,000 552.9% 0.3%
ENDEAVOR CAPITAL, LLC. $195,000 $555,000 184.6% 0.3%
LAKEVIEW LOAN SERVICING, LLC $530,000 n/a 0.3%
BEACON CREDIT UNION $95,000 $520,000 447.4% 0.3%
NAVY FEDERAL CREDIT UNION $180,000 $520,000 188.9% 0.3%
21ST MORTGAGE CORPORATION $1,005,000 $490,000 -51.2% 0.3%
CHURCHILL MORTGAGE CORPORATION $360,000 $490,000 36.1% 0.3%
Notre Dame Federal Credit Union Corporation $230,000 $480,000 108.7% 0.3%
First Federal Bank of the Midwest $285,000 $425,000 49.1% 0.2%
The Farmers & Merchants State Bank $800,000 $405,000 -49.4% 0.2%
UNITED HOME LOANS, INC. $385,000 n/a 0.2%
AmeriHome Mortgage Company, LLC $380,000 n/a 0.2%
Nations Lending Corporation $1,330,000 $380,000 -71.4% 0.2%
POLARIS HOME FUNDING CORP. $530,000 $375,000 -29.2% 0.2%
Barrington Bank & Trust Company, N.A. $135,000 $350,000 159.3% 0.2%
HOMESIDE FINANCIAL, LLC $350,000 n/a 0.2%
GUIDANCE RESIDENTIAL, LLC $345,000 $345,000 0.0% 0.2%
NEW DAY FINANCIAL, LLC $165,000 $340,000 106.1% 0.2%
GUARANTEED RATE, INC. $330,000 n/a 0.2%
Directions Credit Union, Inc. $325,000 n/a 0.2%
GENEVA FINANCIAL, LLC $700,000 $320,000 -54.3% 0.2%
First Federal Savings Bank $135,000 $300,000 122.2% 0.2%
The Huntington National Bank $925,000 $290,000 -68.6% 0.2%
Fire Police City County Federal Credit Union $265,000 n/a 0.1%
MICHIGAN MUTUAL, INC. $735,000 $265,000 -63.9% 0.1%
Citadel Servicing Corporation $255,000 n/a 0.1%
First Bank of Berne $255,000 n/a 0.1%
VICTORY MORTGAGE, L.L.C. $255,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $245,000 n/a 0.1%
CROSSCOUNTRY MORTGAGE, LLC $145,000 $225,000 55.2% 0.1%
Wells Fargo Bank $890,000 $220,000 -75.3% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $230,000 $215,000 -6.5% 0.1%
OAK MORTGAGE, LLC $215,000 n/a 0.1%
PLANET HOME LENDING, LLC $215,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $370,000 $210,000 -43.2% 0.1%
MYCUMORTGAGE, LLC $195,000 n/a 0.1%
TOWNE MORTGAGE COMPANY $195,000 n/a 0.1%
First Savings Bank $185,000 n/a 0.1%
TRIAD FINANCIAL SERVICES, INC. $185,000 n/a 0.1%
Mr. Cooper ( Nationstar Mortgage ) $1,100,000 $180,000 -83.6% 0.1%
Century Mortgage Company DBA Century Lending Company $175,000 n/a 0.1%
Citibank $175,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $175,000 n/a 0.1%
USAA Federal Savings Bank $515,000 $175,000 -66.0% 0.1%
LENDINGHOME FUNDING CORPORATION $85,000 $165,000 94.1% 0.1%
Commerce Home Mortgage, Inc. $155,000 n/a 0.1%
UIF CORPORATION $155,000 n/a 0.1%
Crossroads Bank $985,000 $145,000 -85.3% 0.1%
DOMINION FINANCIAL SERVICES, LLC $135,000 n/a 0.1%
EVERENCE FEDERAL CREDIT UNION $335,000 $125,000 -62.7% 0.1%
Southern Michigan Bank & Trust $115,000 n/a 0.1%
Waterstone Mortgage Corporation $115,000 n/a 0.1%
POINT Mortgage $105,000 n/a 0.1%
The Friendship State Bank $105,000 n/a 0.1%
Northwest Bank $90,000 $95,000 5.6% 0.1%
Charles Schwab Bank, SSB $75,000 n/a 0.0%
Discover Bank $160,000 $65,000 -59.4% 0.0%
FORUM Credit Union $65,000 n/a 0.0%
KeyBank $65,000 n/a 0.0%
Merchants Bank of Indiana $65,000 n/a 0.0%
Farmers Bank & Trust $55,000 n/a 0.0%
PrimeTrust Financial Federal Credit Union $25,000 n/a 0.0%
SPRING EQ, LLC $55,000 $25,000 -54.5% 0.0%
Sturgis Bank & Trust Company $25,000 $25,000 0.0% 0.0%

Kendallville's top lender by overall market share is Three Rivers Federal Credit Union, with 9.5% market share. In second place, with 7.8%, is RUOFF MORTGAGE COMPANY, INC., having originated $14,025,000 in loans. In third place, with 5.7%, is GVC MORTGAGE, INC., having originated $10,290,000 in loans. In fourth place, with 4.6%, is QUICKEN LOANS, LLC, having originated $8,335,000 in loans. In fifth place, with 4.6%, is VAN DYK MORTGAGE CORPORATION, having originated $8,245,000 in loans.

Kendallville, IN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 531 $117,655,000 $221,573
Cash Out Refi 166 $24,340,000 $146,627
Refi 160 $22,260,000 $139,125
Other 150 $8,770,000 $58,467
Home Improvement 100 $6,820,000 $68,200

Kendallville's most frequently cited loan purpose was Home Purchase, with 531 originations. The 2nd most popular reason was Cash Out Refi, with 166 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 385 $76,295,000 $198,169
Over 8% 304 $23,490,000 $77,270
7-8% 220 $41,780,000 $189,909
5-6% 87 $18,325,000 $210,632
<2.5% 6 $60,000 $10,000
4-5% 6 $1,580,000 $263,333

During 2024, Kendallville's most frequently originated rate bucket was 6-7%, with 385 originations.

Loan Sizing (Kendallville, IN MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 404 $59,860,000 $148,168
$100,000 or less 397 $20,055,000 $50,516
$200k-400k 254 $69,050,000 $271,850
$400k-600k 37 $17,615,000 $476,081
$600k-1000k 13 $9,655,000 $742,692
$Over $1MM 2 $3,610,000 $1,805,000

Kendallville's loan sizing saw the bucket of loans from $100k-200k with 404 originations, totaling $59,860,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 386 $84,690,000 $219,404
Under 20% 184 $7,370,000 $40,054
60-80% 166 $34,730,000 $209,217
20-40% 157 $14,205,000 $90,478
40-60% 94 $15,820,000 $168,298
Over 100% 7 $2,195,000 $313,571

Kendallville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 386 originations, totaling $84,690,000 in origination value.