KOKOMO 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 Kokomo averaged 7.3% 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 7.09% and one month ago for the week of 2023-08-17, the average rate was 7.2%.

    Kokomo's average rate one year ago was 5.93%.

    For refis of the same type during the week of 2023-09-21, the average rate was 6.98%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-21 7.19%
    Kokomo 30 Year Fixed Rate 2023-09-21 7.3%
    Kokomo 30 Year Fixed Rate Refi 2023-09-21 6.98%
    Kokomo 15 Year Fixed Rate 2023-09-21 7.63%
    Kokomo 15 Year Fixed Rate Refi 2023-09-21 6.74%
    Kokomo 30 Year FHA 2023-09-21 6.72%
    Kokomo 30 Year FHA Refi 2023-09-21 7.24%
    Kokomo 30 Year USDA 2023-09-21 7.02%
    Kokomo 30 Year USDA Refi 2023-09-21 7.02%
    Kokomo 30 Year VA 2023-09-21 6.61%
    Kokomo 30 Year VA Refi 2023-09-21 6.82%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within KOKOMO, IN.

    KOKOMO 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 KOKOMO, 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. 103 5.41% $2,169
    Solidarity Community Federal Credit Union 98 5.08% $2,649
    GVC MORTGAGE, INC. 64 5.49% $3,959
    Community First Bank of Indiana 62 4.83% $2,256
    First Farmers Bank and Trust Company 52 5.12% $2,148
    QUICKEN LOANS, LLC 39 5.02% $4,942
    STOCKTON MORTGAGE CORPORATION 35 4.86% $3,380
    LEADERONE FINANCIAL CORPORATION 32 5.53% $4,571
    The Huntington National Bank 26 4.66% $3,168
    PLAZA HOME MORTGAGE, INC. 20 5.00% $2,914
    VANDERBILT MORTGAGE AND FINANCE, INC. 18 5.19% $4,947
    Security Federal Savings Bank 17 5.48% $2,006
    JPMorgan Chase Bank 13 5.17% $2,960
    KeyBank 13 4.99% $2,561
    Mr. Cooper ( Nationstar Mortgage ) 10 4.91% $5,455
    CALIBER HOME LOANS, INC. 10 5.25% $3,788
    STAR Financial Bank 10 4.93% $2,689
    PENNYMAC LOAN SERVICES, LLC 9 6.14% $4,081
    MOVEMENT MORTGAGE, LLC 9 6.73% $4,395
    AMERIFIRST FINANCIAL CORPORATION 9 5.88% $3,620
    Horizon Bank 8 5.22% $2,693
    Regions Bank 8 5.63% $1,981
    LOANDEPOT.COM, LLC 7 4.21% $5,666
    Wells Fargo Bank 7 5.21% $3,757
    FINANCIAL BUILDERS Federal Credit Union 7 5.48% $1,602
    BMO Harris Bank 7 4.07% $2,971
    PNC Bank 7 5.75% $3,807
    Nations Lending Corporation 6 6.14% $3,937
    AMERISAVE MORTGAGE CORPORATION 6 5.10% $5,405
    ROYAL UNITED MORTGAGE LLC 6 6.23% $6,230
    UNITED WHOLESALE MORTGAGE, LLC 6 4.99% $4,668
    FREEDOM MORTGAGE CORPORATION 6 5.69% $3,938
    Union Savings Bank 5 4.03% $1,335
    HALLMARK HOME MORTGAGE, LLC 5 5.67% $3,879
    Farm Credit Mid-America, ACA 5 6.19% $5,513
    EVERETT FINANCIAL, INC. 5 4.27% $1,946
    CROSSCOUNTRY MORTGAGE, LLC 4 6.68% $6,208
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 4.63% $4,950
    BROKER SOLUTIONS, INC. 4 6.75% $4,510
    NAVY FEDERAL CREDIT UNION 4 4.41% $2,686
    TEACHERS CREDIT UNION 3 5.38% $1,962
    Hometown Lenders, Inc. 3 4.62% $4,036
    U.S. Bank 3 5.04% $2,318
    MEMBER FIRST MORTGAGE, LLC 3 5.92% $2,394
    Fifth Third Bank 3 4.92% $2,802
    Discover Bank 3 6.74% $0
    NEWREZ LLC 3 4.75% $5,126
    First Merchants Bank 3 5.79% $2,290
    PROVIDENT FUNDING ASSOCIATES, L.P. 2 6.63% $2,143
    1st Source Bank 2 4.38% $2,597
    BETTER MORTGAGE CORPORATION 2 2.88% $2,943
    Carrington Mortgage Services, LLC 2 4.81% $6,173
    CHURCHILL MORTGAGE CORPORATION 2 4.81% $3,476
    USAA Federal Savings Bank 2 5.19% $2,279
    Advisors Mortgage Group, L.L.C. 2 6.88% $4,236
    MUTUAL OF OMAHA MORTGAGE, INC. 2 5.94% $4,834
    HOME POINT FINANCIAL CORPORATION 2 5.25% $5,863
    Crossroads Bank 2 4.25% $1,766
    MJW Financial LLC 2 5.13% $3,747
    BEACON CREDIT UNION 2 5.69% $2,262
    PURDUE FEDERAL CREDIT UNION 2 4.50% $2,431
    ZILLOW HOME LOANS, LLC 1 6.00% $2,533
    ACADEMY MORTGAGE CORPORATION 1 4.50% $3,699
    Ally Bank 1 2.88% $1,105
    AMERICAN FINANCING CORPORATION 1 5.75% $3,458
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.38% $4,499
    AmeriHome Mortgage Company, LLC 1 5.38% $7,240
    Ameris Bank 1 4.13% $2,617
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.75% $2,432
    Bank of England 1 5.63% $5,269
    Barrington Bank & Trust Company, N.A. 1 5.25% $3,443
    CANOPY MORTGAGE, LLC 1 3.75% $1,348
    Centier Bank 1 4.25% $1,149
    Citibank 1 5.25% $3,035
    ENDEAVOR CAPITAL, LLC. 1 7.13% $6,575
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 3.50% $3,047
    FINANCE OF AMERICA MORTGAGE LLC 1 7.13% $4,575
    First Bank of Berne 1 7.50% $2,398
    First Federal Savings Bank 1 7.13% $5,405
    First Federal Savings Bank 1 3.75% $2,394
    First Financial Bank 1 5.38% $3,111
    First Internet Bank of Indiana 1 4.38% $2,118
    Flagstar Bank, FSB 1 6.13% $2,823
    FLAT BRANCH MORTGAGE, INC. 1 5.00% $3,145
    FORUM Credit Union 1 4.13% $1,346
    GUARANTEED RATE, INC. 1 6.13% $5,979
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 4.13% $2,724
    INDIANA MEMBERS CREDIT UNION 1 3.38% $2,672
    INSIGHT 1 4.25% $2,741
    KELLER MORTGAGE, LLC 1 4.00% $1,263
    LAKEVIEW LOAN SERVICING, LLC 1 4.81% $4,128
    Magnolia Bank 1 5.88% $4,396
    Northpointe Bank 1 3.88% $2,204
    Northwest Bank 1 3.50% $3,195
    Notre Dame Federal Credit Union Corporation 1 2.75% $7,666
    PANORAMA MORTGAGE GROUP, LLC 1 4.00% $3,214
    PENTAGON FEDERAL CREDIT UNION 1 5.38% $3,227
    PHH Mortgage Corporation 1 5.88% $3,954
    PLANET HOME LENDING, LLC 1 3.75% $2,873
    ProFed Federal Credit Union 1 5.00% $2,220
    RELIANCE FIRST CAPITAL, LLC 1 3.25% $5,680
    Service Federal Credit Union 1 5.00% $3,678
    Three Rivers Federal Credit Union 1 5.88% $2,322
    TRIAD FINANCIAL SERVICES, INC. 1 7.00% $7,878
    TUCKER MORTGAGE, LLC 1 5.63% $4,306
    UNION HOME MORTGAGE CORP. 1 4.88% $4,850
    Waterstone Mortgage Corporation 1 3.38% $3,266
    Willamette Valley Bank 1 5.63% $4,315
    WINTERWOOD MORTGAGE GROUP, LLC 1 4.50% $3,679,200
    WRIGHT-PATT CREDIT UNION, INC. 1 5.88% $2,456
    1ST SIGNATURE LENDING, LLC 1 4.00% $4,088

    KOKOMO Average Closing Costs & Other Stats

    KOKOMO, IN's 111 lenders originated 2,538 loans during 2022. The total origination value was $367,360,000, with an average loan value of $144,744.

    KOKOMO's average closing costs are $3,919.

    The top KOKOMO lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 103 loans originated. Their average total fees are $2,169, which is $480 lower than the next largest lender, Solidarity Community Federal Credit Union.

    The lowest fee KOKOMO lenders (with over 10 loans originated) are Security Federal Savings Bank ($2,006), First Farmers Bank and Trust Company ($2,148), RUOFF MORTGAGE COMPANY, INC. ($2,169), Community First Bank of Indiana ($2,256) and KeyBank ($2,561).

    The lowest rate KOKOMO lenders (with over 10 loans originated) are The Huntington National Bank (4.66%), Community First Bank of Indiana (4.83%), STOCKTON MORTGAGE CORPORATION (4.86%), Mr. Cooper ( Nationstar Mortgage ) (4.91%) and STAR Financial Bank (4.93%).

    KOKOMO, 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
    RUOFF MORTGAGE COMPANY, INC. $51,390,000 $28,260,000 -45.0% 7.7%
    Solidarity Community Federal Credit Union $39,000,000 $26,115,000 -33.0% 7.1%
    GVC MORTGAGE, INC. $26,610,000 $20,165,000 -24.2% 5.5%
    First Farmers Bank and Trust Company $38,160,000 $18,255,000 -52.2% 5.0%
    PLAZA HOME MORTGAGE, INC. $24,510,000 $16,825,000 -31.4% 4.6%
    Community First Bank of Indiana $24,065,000 $16,205,000 -32.7% 4.4%
    QUICKEN LOANS, LLC $37,370,000 $16,045,000 -57.1% 4.4%
    KeyBank $9,825,000 $15,435,000 57.1% 4.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $8,210,000 $13,635,000 66.1% 3.7%
    LEADERONE FINANCIAL CORPORATION $16,730,000 $10,850,000 -35.1% 3.0%
    STOCKTON MORTGAGE CORPORATION $13,495,000 $9,085,000 -32.7% 2.5%
    BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $8,575,000 n/a 2.3%
    FINANCIAL BUILDERS Federal Credit Union $8,750,000 $7,505,000 -14.2% 2.0%
    GREYSTONE SERVICING COMPANY LLC $7,505,000 n/a 2.0%
    First Merchants Bank $9,060,000 $6,790,000 -25.1% 1.8%
    The Huntington National Bank $4,000,000 $6,330,000 58.3% 1.7%
    PNC Bank $3,595,000 $5,995,000 66.8% 1.6%
    First Federal Savings Bank $125,000 $5,880,000 4,604.0% 1.6%
    BMO Harris Bank $5,510,000 $5,755,000 4.4% 1.6%
    Mortgage Research Center, LLC $9,520,000 $5,755,000 -39.5% 1.6%
    PENNYMAC LOAN SERVICES, LLC $5,360,000 $5,470,000 2.1% 1.5%
    STAR Financial Bank $5,435,000 $5,080,000 -6.5% 1.4%
    CALIBER HOME LOANS, INC. $4,260,000 $4,665,000 9.5% 1.3%
    Midland States Bank $4,625,000 n/a 1.3%
    Security Federal Savings Bank $5,655,000 $4,125,000 -27.1% 1.1%
    LOANDEPOT.COM, LLC $5,340,000 $3,865,000 -27.6% 1.1%
    FREEDOM MORTGAGE CORPORATION $19,940,000 $3,550,000 -82.2% 1.0%
    JPMorgan Chase Bank $3,695,000 $3,225,000 -12.7% 0.9%
    Mr. Cooper ( Nationstar Mortgage ) $4,045,000 $3,010,000 -25.6% 0.8%
    Horizon Bank $3,890,000 $2,730,000 -29.8% 0.7%
    Crossroads Bank $1,390,000 $2,695,000 93.9% 0.7%
    UNITED WHOLESALE MORTGAGE, LLC $2,930,000 $2,670,000 -8.9% 0.7%
    TEACHERS CREDIT UNION $2,560,000 $2,535,000 -1.0% 0.7%
    AMERISAVE MORTGAGE CORPORATION $2,935,000 $2,395,000 -18.4% 0.7%
    MOVEMENT MORTGAGE, LLC $2,315,000 n/a 0.6%
    AMERIFIRST FINANCIAL CORPORATION $2,595,000 $2,195,000 -15.4% 0.6%
    USAA Federal Savings Bank $2,455,000 $1,700,000 -30.8% 0.5%
    Nations Lending Corporation $960,000 $1,680,000 75.0% 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,815,000 $1,670,000 -65.3% 0.5%
    NAVY FEDERAL CREDIT UNION $2,180,000 $1,615,000 -25.9% 0.4%
    CROSSCOUNTRY MORTGAGE, LLC $840,000 $1,485,000 76.8% 0.4%
    FINANCIAL CENTER FIRST CREDIT UNION $1,750,000 $1,430,000 -18.3% 0.4%
    NEWREZ LLC $3,145,000 $1,390,000 -55.8% 0.4%
    Carrington Mortgage Services, LLC $1,175,000 $1,370,000 16.6% 0.4%
    Fifth Third Bank $3,745,000 $1,335,000 -64.4% 0.4%
    Farm Credit Mid-America, ACA $4,185,000 $1,245,000 -70.3% 0.3%
    ROYAL UNITED MORTGAGE LLC $2,660,000 $1,245,000 -53.2% 0.3%
    BROKER SOLUTIONS, INC. $1,705,000 $1,100,000 -35.5% 0.3%
    Wells Fargo Bank $3,450,000 $1,090,000 -68.4% 0.3%
    Union Savings Bank $3,555,000 $1,035,000 -70.9% 0.3%
    GUARANTEED RATE, INC. $2,295,000 $1,025,000 -55.3% 0.3%
    CIVIC FINANCIAL SERVICES, LLC $115,000 $995,000 765.2% 0.3%
    Regions Bank $3,065,000 $945,000 -69.2% 0.3%
    TRIAD FINANCIAL SERVICES, INC. $140,000 $915,000 553.6% 0.2%
    HALLMARK HOME MORTGAGE, LLC $1,205,000 $895,000 -25.7% 0.2%
    Ally Bank $425,000 $850,000 100.0% 0.2%
    Centier Bank $255,000 $830,000 225.5% 0.2%
    PENTAGON FEDERAL CREDIT UNION $635,000 $795,000 25.2% 0.2%
    The Federal Savings Bank $775,000 n/a 0.2%
    NEW DAY FINANCIAL, LLC $1,000,000 $725,000 -27.5% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $325,000 $710,000 118.5% 0.2%
    FLAT BRANCH MORTGAGE, INC. $400,000 $700,000 75.0% 0.2%
    PURDUE FEDERAL CREDIT UNION $365,000 $680,000 86.3% 0.2%
    PROVIDENT FUNDING ASSOCIATES, L.P. $125,000 $640,000 412.0% 0.2%
    MJW Financial LLC $1,290,000 $630,000 -51.2% 0.2%
    FINANCE OF AMERICA MORTGAGE LLC $725,000 $600,000 -17.2% 0.2%
    Discover Bank $295,000 $575,000 94.9% 0.2%
    Gateway First Bank $265,000 $575,000 117.0% 0.2%
    UNION HOME MORTGAGE CORP. $695,000 $575,000 -17.3% 0.2%
    BEACON CREDIT UNION $1,065,000 $565,000 -46.9% 0.2%
    PHH Mortgage Corporation $700,000 $560,000 -20.0% 0.2%
    WINTERWOOD MORTGAGE GROUP, LLC $560,000 n/a 0.2%
    Waterstone Mortgage Corporation $245,000 $540,000 120.4% 0.1%
    EVERETT FINANCIAL, INC. $690,000 $535,000 -22.5% 0.1%
    MEMBER FIRST MORTGAGE, LLC $1,285,000 $525,000 -59.1% 0.1%
    Notre Dame Federal Credit Union Corporation $510,000 n/a 0.1%
    SOUTHWEST FUNDING, LP $85,000 $510,000 500.0% 0.1%
    Hometown Lenders, Inc. $480,000 n/a 0.1%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $750,000 $475,000 -36.7% 0.1%
    OPEN MORTGAGE, LLC $455,000 n/a 0.1%
    HOME POINT FINANCIAL CORPORATION $385,000 $450,000 16.9% 0.1%
    Bank of England $640,000 $430,000 -32.8% 0.1%
    NBKC BANK $415,000 n/a 0.1%
    Advisors Mortgage Group, L.L.C. $410,000 n/a 0.1%
    U.S. Bank $915,000 $400,000 -56.3% 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $380,000 n/a 0.1%
    BEST CAPITAL FUNDING $375,000 n/a 0.1%
    FORUM Credit Union $1,555,000 $375,000 -75.9% 0.1%
    LOANPAL, LLC $185,000 $360,000 94.6% 0.1%
    Barrington Bank & Trust Company, N.A. $120,000 $350,000 191.7% 0.1%
    BAYSHORE MORTGAGE FUNDING, LLC $610,000 $345,000 -43.4% 0.1%
    21ST MORTGAGE CORPORATION $700,000 $335,000 -52.1% 0.1%
    FBC MORTGAGE, LLC $335,000 n/a 0.1%
    INDIANA MEMBERS CREDIT UNION $75,000 $325,000 333.3% 0.1%
    CHURCHILL MORTGAGE CORPORATION $280,000 $320,000 14.3% 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $165,000 $320,000 93.9% 0.1%
    1ST SIGNATURE LENDING, LLC $55,000 $315,000 472.7% 0.1%
    Three Rivers Federal Credit Union $210,000 $315,000 50.0% 0.1%
    BETTER MORTGAGE CORPORATION $790,000 $310,000 -60.8% 0.1%
    HOMESIDE FINANCIAL, LLC $300,000 $310,000 3.3% 0.1%
    The Farmers Bank, Frankfort, Indiana $830,000 $310,000 -62.7% 0.1%
    AMERICAN ADVISORS GROUP $220,000 $285,000 29.5% 0.1%
    ZILLOW HOME LOANS, LLC $280,000 n/a 0.1%
    First Bank of Berne $1,280,000 $275,000 -78.5% 0.1%
    Key Mortgage Services, Inc. $145,000 $275,000 89.7% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $2,625,000 $275,000 -89.5% 0.1%
    First Financial Bank $370,000 $270,000 -27.0% 0.1%
    Flagstar Bank, FSB $2,085,000 $270,000 -87.1% 0.1%
    GREENSTATE CREDIT UNION $270,000 n/a 0.1%
    GSF Mortgage Corporation $265,000 n/a 0.1%
    Magnolia Bank $265,000 n/a 0.1%
    Secured Investment Corp. $265,000 n/a 0.1%
    Park Lane Finance Solutions, LLC $45,000 $260,000 477.8% 0.1%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $215,000 $255,000 18.6% 0.1%
    PLANET HOME LENDING, LLC $465,000 $250,000 -46.2% 0.1%
    The Fountain Trust Company $530,000 $250,000 -52.8% 0.1%
    1st Source Bank $205,000 $240,000 17.1% 0.1%
    Ameris Bank $235,000 n/a 0.1%
    Figure Lending LLC $25,000 $230,000 820.0% 0.1%
    AmeriHome Mortgage Company, LLC $765,000 $225,000 -70.6% 0.1%
    CANOPY MORTGAGE, LLC $125,000 $225,000 80.0% 0.1%
    Willamette Valley Bank $225,000 n/a 0.1%
    Northwest Bank $485,000 $220,000 -54.6% 0.1%
    JLB CORPORATION $605,000 $210,000 -65.3% 0.1%
    SECURITYNATIONAL MORTGAGE COMPANY $275,000 $205,000 -25.5% 0.1%
    AMERICAN MORTGAGE SERVICE COMPANY $745,000 $200,000 -73.2% 0.1%
    First Federal Savings Bank $125,000 $195,000 56.0% 0.1%
    Citizens Bank $85,000 $185,000 117.6% 0.1%
    ENDEAVOR CAPITAL, LLC. $660,000 $185,000 -72.0% 0.1%
    GENEVA FINANCIAL, LLC $215,000 $185,000 -14.0% 0.1%
    POLARIS HOME FUNDING CORP. $175,000 n/a 0.0%
    SOUTHWEST STAGE FUNDING, LLC $430,000 $165,000 -61.6% 0.0%
    AMWEST FUNDING CORP. $155,000 n/a 0.0%
    Atlantic Union Bank $155,000 n/a 0.0%
    DIRECT MORTGAGE LOANS, LLC $265,000 $155,000 -41.5% 0.0%
    EMM LOANS LLC $155,000 n/a 0.0%
    RELIANCE FIRST CAPITAL, LLC $155,000 n/a 0.0%
    Service Federal Credit Union $155,000 n/a 0.0%
    Servion, Inc. $360,000 $155,000 -56.9% 0.0%
    Northpointe Bank $130,000 $150,000 15.4% 0.0%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $555,000 $145,000 -73.9% 0.0%
    FAIR WAY LENDING LLC $145,000 n/a 0.0%
    TUCKER MORTGAGE, LLC $370,000 $145,000 -60.8% 0.0%
    First Internet Bank of Indiana $135,000 n/a 0.0%
    KELLER MORTGAGE, LLC $135,000 n/a 0.0%
    PANORAMA MORTGAGE GROUP, LLC $135,000 n/a 0.0%
    Baxter Credit Union $445,000 $125,000 -71.9% 0.0%
    First Option Mortgage, LLC $115,000 $125,000 8.7% 0.0%
    Low VA Rates, LLC $1,225,000 $125,000 -89.8% 0.0%
    SPRING EQ, LLC $35,000 $125,000 257.1% 0.0%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $135,000 $115,000 -14.8% 0.0%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $185,000 $115,000 -37.8% 0.0%
    Old National Bank $1,460,000 $115,000 -92.1% 0.0%
    Transportation Federal Credit Union $115,000 n/a 0.0%
    Bank of America $2,185,000 $105,000 -95.2% 0.0%
    MORIA DEVELOPMENT, INC. $105,000 $105,000 0.0% 0.0%
    AMERICAN FINANCING CORPORATION $585,000 $100,000 -82.9% 0.0%
    ACADEMY MORTGAGE CORPORATION $95,000 n/a 0.0%
    Citibank $105,000 $95,000 -9.5% 0.0%
    INSIGHT $95,000 n/a 0.0%
    NETWORK CAPITAL FUNDING CORPORATION $95,000 n/a 0.0%
    APCI Federal Credit Union $85,000 n/a 0.0%
    Arvest Bank $85,000 n/a 0.0%
    ProFed Federal Credit Union $205,000 $85,000 -58.5% 0.0%
    VILLAGE CAPITAL MORTGAGE $1,225,000 $85,000 -93.1% 0.0%
    Elements Financial Federal Credit Union $125,000 $75,000 -40.0% 0.0%
    FIRST TRUST $75,000 n/a 0.0%
    LENDINGHOME FUNDING CORPORATION $75,000 n/a 0.0%
    M&T Bank $470,000 $75,000 -84.0% 0.0%
    The Home National Bank of Thorntown $75,000 n/a 0.0%
    Prosperity Home Mortgage, LLC $65,000 n/a 0.0%
    LONGBRIDGE FINANCIAL, LLC $55,000 n/a 0.0%
    MIDWEST AMERICA $45,000 n/a 0.0%
    WRIGHT-PATT CREDIT UNION, INC. $45,000 n/a 0.0%

    KOKOMO's top lender by overall market share is RUOFF MORTGAGE COMPANY, INC., with 7.7% market share. In second place, with 7.1%, is Solidarity Community Federal Credit Union, having originated $26,115,000 in loans. In third place, with 5.5%, is GVC MORTGAGE, INC., having originated $20,165,000 in loans. In fourth place, with 5.0%, is First Farmers Bank and Trust Company, having originated $18,255,000 in loans. In fifth place, with 4.6%, is PLAZA HOME MORTGAGE, INC., having originated $16,825,000 in loans.

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

    Realtor.com - KOKOMO (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 $86,225 (-4.1%) $123,621 (2.3%) 0.00 294
    2018-02-01 $82,450 (-8.3%) $119,100 (-2.4%) 0.00 281
    2018-03-01 $87,250 (-6.8%) $122,309 (-1.7%) 0.00 248
    2018-04-01 $99,450 (14.7%) $131,049 (5.7%) 0.00 228
    2018-05-01 $107,000 (15.1%) $139,446 (5.2%) 0.00 224
    2018-06-01 $122,700 (36.0%) $149,253 (15.6%) 0.00 257
    2018-07-01 $91,575 (-7.0%) $129,805 (-0.2%) 0.00 293
    2018-08-01 $94,575 (-7.9%) $133,824 (-5.1%) 0.00 298
    2018-09-01 $99,900 (0.0%) $137,825 (-7.3%) 0.00 318
    2018-10-01 $119,900 (23.2%) $139,414 (-5.5%) 0.00 367
    2018-11-01 $117,600 (23.5%) $134,671 (-7.0%) 0.00 358
    2018-12-01 $112,490 (25.1%) $130,123 (5.6%) 0.00 373
    2019-01-01 $111,343 (29.1%) $128,640 (4.1%) 0.00 345
    2019-02-01 $113,450 (37.6%) $128,220 (7.7%) 0.00 314
    2019-03-01 $115,347 (32.2%) $129,401 (5.8%) 0.00 282
    2019-04-01 $120,352 (21.0%) $137,007 (4.6%) 0.00 253
    2019-05-01 $123,490 (15.4%) $143,308 (2.8%) 0.00 239
    2019-06-01 $129,945 (5.9%) $150,283 (0.7%) 0.00 236
    2019-07-01 $135,950 (48.5%) $154,872 (19.3%) 0.00 232
    2019-08-01 $133,142 (40.8%) $153,648 (14.8%) 0.00 236
    2019-09-01 $122,937 (23.1%) $149,364 (8.4%) 0.00 245
    2019-10-01 $115,000 (-4.1%) $145,506 (4.4%) 0.00 254
    2019-11-01 $119,900 (2.0%) $144,687 (7.4%) 0.00 243
    2019-12-01 $118,720 (5.5%) $145,277 (11.7%) 0.00 228
    2020-01-01 $114,995 (3.3%) $144,092 (12.0%) 0.00 206
    2020-02-01 $115,000 (1.4%) $142,781 (11.4%) 0.00 182
    2020-03-01 $129,700 (12.4%) $146,467 (13.2%) 0.00 148
    2020-04-01 $127,400 (5.9%) $143,669 (4.9%) 0.00 149
    2020-05-01 $132,900 (7.6%) $154,586 (7.9%) 0.00 135
    2020-06-01 $117,400 (-9.7%) $146,964 (-2.2%) 0.00 125
    2020-07-01 $139,600 (2.7%) $164,046 (5.9%) 0.00 132
    2020-08-01 $149,900 (12.6%) $160,951 (4.8%) 0.00 116
    2020-09-01 $144,175 (17.3%) $167,081 (11.9%) 0.00 122
    2020-10-01 $119,900 (4.3%) $156,024 (7.2%) 0.00 125
    2020-11-01 $122,150 (1.9%) $153,141 (5.8%) 0.00 137
    2020-12-01 $122,450 (3.1%) $156,344 (7.6%) 0.00 118
    2021-01-01 $139,900 (21.7%) $164,788 (14.4%) 0.00 85
    2021-02-01 $112,450 (-2.2%) $175,060 (22.6%) 0.00 58
    2021-03-01 $130,050 (0.3%) $182,074 (24.3%) 0.00 61
    2021-04-01 $159,800 (25.4%) $193,971 (35.0%) 0.00 45
    2021-05-01 $152,950 (15.1%) $180,619 (16.8%) 0.00 49
    2021-06-01 $114,888 (-2.1%) $158,701 (8.0%) 0.00 73
    2021-07-01 $109,900 (-21.3%) $146,671 (-10.6%) 0.00 109
    2021-08-01 $116,200 (-22.5%) $162,659 (1.1%) 0.00 98
    2021-09-01 $112,500 (-22.0%) $161,699 (-3.2%) 0.00 113
    2021-10-01 $112,000 (-6.6%) $140,672 (-9.8%) 0.00 118
    2021-11-01 $127,450 (4.3%) $162,272 (6.0%) 0.00 122
    2021-12-01 $119,950 (-2.0%) $157,004 (0.4%) 0.00 115
    2022-01-01 $113,900 (-18.6%) $127,711 (-22.5%) 0.00 95
    2022-02-01 $98,675 (-12.3%) $122,511 (-30.0%) 0.00 80
    2022-03-01 $108,700 (-16.4%) $138,575 (-23.9%) 0.00 82
    2022-04-01 $109,450 (-31.5%) $139,535 (-28.1%) 0.00 67
    2022-05-01 $149,900 (-2.0%) $179,869 (-0.4%) 0.00 87
    2022-06-01 $145,500 (26.7%) $179,875 (13.3%) 0.00 102
    2022-07-01 $134,400 (22.3%) $187,031 (27.5%) 0.00 120
    2022-08-01 $130,700 (12.5%) $181,134 (11.4%) 0.00 131
    2022-09-01 $144,925 (28.8%) $185,004 (14.4%) 0.00 133
    2022-10-01 $148,000 (32.1%) $189,232 (34.5%) 0.00 145
    2022-11-01 $162,750 (27.7%) $188,662 (16.3%) 0.00 156
    2022-12-01 $164,000 (36.7%) $189,819 (20.9%) 0.00 134
    2023-01-01 $149,250 (31.0%) $180,435 (41.3%) 0.00 118
    2023-02-01 $159,900 (62.1%) $190,896 (55.8%) 0.00 81
    2023-03-01 $143,475 (32.0%) $188,015 (35.7%) 0.00 72
    2023-04-01 $147,900 (35.1%) $193,678 (38.8%) 0.00 85
    2023-05-01 $147,200 (-1.8%) $192,924 (7.3%) 0.00 95
    2023-06-01 $166,975 (14.8%) $199,105 (10.7%) 0.00 109
    2023-07-01 $166,950 (24.2%) $202,141 (8.1%) 0.00 109
    2023-08-01 $198,675 (52.0%) $222,984 (23.1%) 0.00 109
    KOKOMO's median listing price for 2023-08-01 was $198,675, a difference of $67,975 (52.0%) versus the prior year and $31,725 versus the prior month.

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

    KOKOMO's average listing price for 2023-08-01 was $222,984, a difference of $41,850 (23.1%) versus the prior year and $20,843 versus the prior month.

    For the 2023-08-01 period, KOKOMO had 109 MLS listings, a difference of 0 listings (0%) versus the prior month and -22 listings (-17%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - KOKOMO (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,535 sqft
    2018-02-01 0 days 1,494 sqft
    2018-03-01 0 days 1,500 sqft
    2018-04-01 0 days 1,557 sqft
    2018-05-01 0 days 1,576 sqft
    2018-06-01 0 days 1,644 sqft
    2018-07-01 0 days 1,531 sqft
    2018-08-01 0 days 1,592 sqft
    2018-09-01 0 days 1,630 sqft
    2018-10-01 0 days 1,618 sqft
    2018-11-01 0 days 1,592 sqft
    2018-12-01 0 days 1,568 sqft
    2019-01-01 0 days 1,507 sqft
    2019-02-01 0 days 1,505 sqft
    2019-03-01 0 days 1,525 sqft
    2019-04-01 0 days 1,578 sqft
    2019-05-01 0 days 1,607 sqft
    2019-06-01 0 days 1,712 sqft
    2019-07-01 0 days 1,668 sqft
    2019-08-01 0 days 1,700 sqft
    2019-09-01 0 days 1,678 sqft
    2019-10-01 0 days 1,631 sqft
    2019-11-01 0 days 1,600 sqft
    2019-12-01 0 days 1,566 sqft
    2020-01-01 0 days 1,675 sqft
    2020-02-01 0 days 1,662 sqft
    2020-03-01 0 days 1,646 sqft
    2020-04-01 0 days 1,660 sqft
    2020-05-01 0 days 1,728 sqft
    2020-06-01 0 days 1,613 sqft
    2020-07-01 0 days 1,745 sqft
    2020-08-01 0 days 1,641 sqft
    2020-09-01 0 days 1,546 sqft
    2020-10-01 0 days 1,443 sqft
    2020-11-01 0 days 1,569 sqft
    2020-12-01 0 days 1,548 sqft
    2021-01-01 0 days 1,592 sqft
    2021-02-01 0 days 1,497 sqft
    2021-03-01 0 days 1,420 sqft
    2021-04-01 0 days 1,573 sqft
    2021-05-01 0 days 1,508 sqft
    2021-06-01 0 days 1,419 sqft
    2021-07-01 0 days 1,406 sqft
    2021-08-01 0 days 1,524 sqft
    2021-09-01 0 days 1,517 sqft
    2021-10-01 0 days 1,476 sqft
    2021-11-01 0 days 1,561 sqft
    2021-12-01 0 days 1,470 sqft
    2022-01-01 0 days 1,408 sqft
    2022-02-01 0 days 1,335 sqft
    2022-03-01 0 days 1,418 sqft
    2022-04-01 0 days 1,448 sqft
    2022-05-01 0 days 1,584 sqft
    2022-06-01 0 days 1,534 sqft
    2022-07-01 0 days 1,463 sqft
    2022-08-01 0 days 1,546 sqft
    2022-09-01 0 days 1,466 sqft
    2022-10-01 0 days 1,512 sqft
    2022-11-01 0 days 1,544 sqft
    2022-12-01 0 days 1,512 sqft
    2023-01-01 0 days 1,488 sqft
    2023-02-01 0 days 1,538 sqft
    2023-03-01 0 days 1,498 sqft
    2023-04-01 0 days 1,589 sqft
    2023-05-01 0 days 1,571 sqft
    2023-06-01 0 days 1,668 sqft
    2023-07-01 0 days 1,777 sqft
    2023-08-01 0 days 1,827 sqft
    KOKOMO's median listing age (time on market) for 2023-08-01 was 0 days.

    KOKOMO's median square footage for active listings during the 2023-08-01 period was 1,827 sqft. One year prior, the average listing was 1,546 sqft.

    KOKOMO, IN Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    46039 Kokomo, IN $590 $600 $740 $1,030 $1,130
    46041 Kokomo, IN $620 $710 $860 $1,130 $1,310
    46068 Kokomo, IN $590 $600 $740 $1,030 $1,130
    46076 Kokomo, IN $590 $610 $750 $1,050 $1,150
    46901 Kokomo, IN $580 $600 $740 $1,030 $1,130
    46902 Kokomo, IN $620 $630 $780 $1,090 $1,190
    46903 Kokomo, IN $590 $600 $740 $1,030 $1,130
    46904 Kokomo, IN $590 $600 $740 $1,030 $1,130
    46919 Kokomo, IN $590 $600 $740 $1,030 $1,130
    46928 Kokomo, IN $520 $570 $740 $940 $1,010
    46929 Kokomo, IN $560 $560 $740 $920 $1,010
    46932 Kokomo, IN $640 $650 $810 $1,130 $1,240
    46936 Kokomo, IN $650 $660 $820 $1,150 $1,250
    46937 Kokomo, IN $590 $600 $740 $1,030 $1,130
    46965 Kokomo, IN $590 $600 $740 $1,030 $1,130
    46979 Kokomo, IN $650 $660 $820 $1,150 $1,250
    46995 Kokomo, IN $590 $600 $740 $1,030 $1,130

    2022 Average & Median Rent Data Statistics
    KOKOMO, IN average 1BR rent: $615, median: $600
    KOKOMO, IN average 2BR rent: $764, median: $740
    KOKOMO, IN average 3BR rent: $1,049, median: $1,030

    KOKOMO, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,314 $232,390,000 $176,857
    Cash Out Refi 481 $65,915,000 $137,037
    Other 386 $21,190,000 $54,896
    Refi 238 $41,700,000 $175,210
    Home Improvement 119 $6,165,000 $51,807

    Kokomo's most frequently cited loan purpose was Home Purchase, with 1,314 originations. The 2nd most popular reason was Cash Out Refi, with 481 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 647 $111,455,000 $172,264
    4-5% 564 $83,710,000 $148,422
    3-4% 517 $70,815,000 $136,973
    6-7% 372 $54,570,000 $146,694
    7-8% 175 $15,235,000 $87,057
    Over 8% 90 $4,130,000 $45,889
    2.5-3% 78 $11,960,000 $153,333
    <2.5% 63 $4,365,000 $69,286

    During 2022, Kokomo's most frequently originated rate bucket was 5-6%, with 647 originations.

    Loan Sizing (KOKOMO, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 1,144 $63,640,000 $55,629
    $100k-200k 929 $131,745,000 $141,814
    $200k-400k 425 $111,815,000 $263,094
    $400k-600k 23 $10,715,000 $465,870
    $Over $1MM 10 $44,240,000 $4,424,000
    $600k-1000k 7 $5,205,000 $743,571

    KOKOMO's loan sizing saw the bucket of loans from $100,000 or less with 1,144 originations, totaling $63,640,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 1,034 $170,540,000 $164,932
    60-80% 593 $105,815,000 $178,440
    20-40% 305 $18,305,000 $60,016
    40-60% 263 $43,185,000 $164,202
    Under 20% 231 $6,975,000 $30,195
    Over 100% 35 $8,165,000 $233,286

    KOKOMO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,034 originations, totaling $170,540,000 in origination value.