KOKOMO Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Kokomo averaged
6.66%
for the week of 2025-07-10, compared to the national average of
6.72% for the same period.
The average rate for the prior week (2025-07-03) was
6.71% and
one month ago for the week of 2025-06-05, the
average rate was 7.09%.
Kokomo's average rate one year ago was 7.09%.
For refis of the same type during the week of 2025-07-10, the average rate
was 7.32%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-10 | 6.72% |
| Kokomo 30 Year Fixed Rate | 2025-07-10 | 6.66% |
| Kokomo 30 Year Fixed Rate Refi | 2025-07-10 | 7.32% |
| Kokomo 15 Year Fixed Rate | 2025-07-10 | 5.96% |
| Kokomo 15 Year Fixed Rate Refi | 2025-07-10 | 6.46% |
| Kokomo 30 Year FHA | 2025-07-10 | 6.96% |
| Kokomo 30 Year FHA Refi | 2025-07-10 | 6.52% |
| Kokomo 30 Year USDA | 2025-07-10 | 6.45% |
| Kokomo 30 Year USDA Refi | 2025-07-10 | 6.25% |
| Kokomo 30 Year VA | 2025-07-10 | 6.36% |
| Kokomo 30 Year VA Refi | 2025-07-10 | 6.17% |
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.).
KOKOMO Average Closing Costs & Other Stats
KOKOMO, IN's 100 lenders originated 2,245
loans during 2024. The total origination value was $347,175,000, with an average loan value of
$154,644.
KOKOMO's average closing costs are $4,163.
The top KOKOMO lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with
97 loans originated. Their average total fees are
$2,583, which is $1,422
lower than the next largest lender,
GVC MORTGAGE, INC..
The lowest fee KOKOMO lenders (with over 10 loans originated) are
Community First Bank of Indiana ($2,254), Solidarity Community Federal Credit Union ($2,411), First Farmers Bank and Trust Company ($2,474), RUOFF MORTGAGE COMPANY, INC. ($2,583) and STAR Financial Bank ($2,585).
The lowest rate KOKOMO lenders (with over 10 loans originated) are
VANDERBILT MORTGAGE AND FINANCE, INC. (6.19%), Community First Bank of Indiana (6.59%), Solidarity Community Federal Credit Union (6.60%), PLAZA HOME MORTGAGE, INC. (6.61%) and RUOFF MORTGAGE COMPANY, INC. (6.76%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| RUOFF MORTGAGE COMPANY, INC. | $15,270,000 | $22,745,000 | 49.0% | 6.6% |
| GVC MORTGAGE, INC. | $19,430,000 | $20,810,000 | 7.1% | 6.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $6,375,000 | $20,725,000 | 225.1% | 6.0% |
| First Farmers Bank and Trust Company | $11,485,000 | $16,795,000 | 46.2% | 4.8% |
| QUICKEN LOANS, LLC | $12,705,000 | $16,735,000 | 31.7% | 4.8% |
| Community First Bank of Indiana | $12,475,000 | $13,290,000 | 6.5% | 3.8% |
| Merchants Bank of Indiana | $450,000 | $13,290,000 | 2,853.3% | 3.8% |
| PLAZA HOME MORTGAGE, INC. | $9,830,000 | $12,805,000 | 30.3% | 3.7% |
| Solidarity Community Federal Credit Union | $15,460,000 | $11,535,000 | -25.4% | 3.3% |
| The Huntington National Bank | $4,145,000 | $11,190,000 | 170.0% | 3.2% |
| American Mortgage & Equity Consultants, Inc. | $6,280,000 | $9,600,000 | 52.9% | 2.8% |
| Mortgage Research Center, LLC | $9,165,000 | $9,055,000 | -1.2% | 2.6% |
| First Financial Bank | $895,000 | $8,705,000 | 872.6% | 2.5% |
| MJW Financial LLC | $1,715,000 | $8,705,000 | 407.6% | 2.5% |
| STOCKTON MORTGAGE CORPORATION | $6,520,000 | $7,295,000 | 11.9% | 2.1% |
| PNC Bank | $5,345,000 | $7,005,000 | 31.1% | 2.0% |
| M&T Realty Capital Corporation | $5,415,000 | $6,335,000 | 17.0% | 1.8% |
| FINANCIAL BUILDERS Federal Credit Union | $6,010,000 | $6,125,000 | 1.9% | 1.8% |
| FREEDOM MORTGAGE CORPORATION | $575,000 | $5,355,000 | 831.3% | 1.5% |
| BMO Harris Bank | $4,075,000 | $4,695,000 | 15.2% | 1.4% |
| Centier Bank | $1,505,000 | $4,120,000 | 173.8% | 1.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,495,000 | $3,500,000 | 40.3% | 1.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,230,000 | $3,400,000 | 52.5% | 1.0% |
| NEWREZ LLC | $1,490,000 | $3,230,000 | 116.8% | 0.9% |
| WaterStone Bank, SSB | $3,155,000 | n/a | 0.9% | |
| PENNYMAC LOAN SERVICES, LLC | $4,985,000 | $3,135,000 | -37.1% | 0.9% |
| Farm Credit Mid-America, ACA | $2,690,000 | $3,105,000 | 15.4% | 0.9% |
| UNION HOME MORTGAGE CORP. | $1,745,000 | $2,970,000 | 70.2% | 0.9% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,960,000 | $2,515,000 | 28.3% | 0.7% |
| LOANPAL, LLC | $2,465,000 | n/a | 0.7% | |
| LOANDEPOT.COM, LLC | $1,505,000 | $2,420,000 | 60.8% | 0.7% |
| Horizon Bank | $1,970,000 | $2,365,000 | 20.1% | 0.7% |
| USAA Federal Savings Bank | $1,335,000 | $2,230,000 | 67.0% | 0.6% |
| Security Federal Savings Bank | $2,360,000 | $2,205,000 | -6.6% | 0.6% |
| STAR Financial Bank | $4,060,000 | $2,145,000 | -47.2% | 0.6% |
| KeyBank | $2,585,000 | $1,900,000 | -26.5% | 0.5% |
| Fifth Third Bank | $680,000 | $1,750,000 | 157.4% | 0.5% |
| WesBanco | $4,905,000 | $1,685,000 | -65.6% | 0.5% |
| Regions Bank | $1,020,000 | $1,635,000 | 60.3% | 0.5% |
| GUILD MORTGAGE COMPANY | $125,000 | $1,600,000 | 1,180.0% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $975,000 | $1,575,000 | 61.5% | 0.5% |
| JPMorgan Chase Bank | $1,665,000 | $1,555,000 | -6.6% | 0.4% |
| TRIAD FINANCIAL SERVICES, INC. | $1,390,000 | $1,555,000 | 11.9% | 0.4% |
| FINANCIAL CENTER FIRST CREDIT UNION | $1,120,000 | $1,550,000 | 38.4% | 0.4% |
| ROYAL UNITED MORTGAGE LLC | $1,430,000 | $1,520,000 | 6.3% | 0.4% |
| INDIANA MEMBERS CREDIT UNION | $325,000 | $1,360,000 | 318.5% | 0.4% |
| The Federal Savings Bank | $630,000 | $1,310,000 | 107.9% | 0.4% |
| The Fountain Trust Company | $775,000 | $1,105,000 | 42.6% | 0.3% |
| EVERETT FINANCIAL, INC. | $85,000 | $1,095,000 | 1,188.2% | 0.3% |
| PURDUE FEDERAL CREDIT UNION | $675,000 | $1,075,000 | 59.3% | 0.3% |
| BROKER SOLUTIONS, INC. | $1,015,000 | $1,000,000 | -1.5% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $1,020,000 | $985,000 | -3.4% | 0.3% |
| LENDINGHOME FUNDING CORPORATION | $275,000 | $935,000 | 240.0% | 0.3% |
| FLAT BRANCH MORTGAGE, INC. | $930,000 | n/a | 0.3% | |
| Ixonia Bank | $185,000 | $920,000 | 397.3% | 0.3% |
| MOVEMENT MORTGAGE, LLC | $5,525,000 | $905,000 | -83.6% | 0.3% |
| The Farmers Bank, Frankfort, Indiana | $740,000 | $905,000 | 22.3% | 0.3% |
| Discover Bank | $300,000 | $900,000 | 200.0% | 0.3% |
| VILLAGE CAPITAL MORTGAGE | $325,000 | $845,000 | 160.0% | 0.2% |
| Carrington Mortgage Services, LLC | $650,000 | $825,000 | 26.9% | 0.2% |
| Elements Financial Federal Credit Union | $475,000 | $825,000 | 73.7% | 0.2% |
| First Financial Bank | $895,000 | $740,000 | -17.3% | 0.2% |
| PLANET HOME LENDING, LLC | $225,000 | $740,000 | 228.9% | 0.2% |
| BEACON CREDIT UNION | $330,000 | $720,000 | 118.2% | 0.2% |
| CALCON MUTUAL MORTGAGE LLC | $705,000 | n/a | 0.2% | |
| OAKTREE FUNDING CORP. | $1,140,000 | $675,000 | -40.8% | 0.2% |
| GENEVA FINANCIAL, LLC | $645,000 | n/a | 0.2% | |
| NEW DAY FINANCIAL, LLC | $940,000 | $645,000 | -31.4% | 0.2% |
| OPEN MORTGAGE, LLC | $310,000 | $640,000 | 106.5% | 0.2% |
| NBKC BANK | $550,000 | $635,000 | 15.5% | 0.2% |
| INDIANA UNIVERSITY CREDIT UNION | $305,000 | $630,000 | 106.6% | 0.2% |
| First Merchants Bank | $1,310,000 | $615,000 | -53.1% | 0.2% |
| Servion, Inc. | $320,000 | $585,000 | 82.8% | 0.2% |
| 21ST MORTGAGE CORPORATION | $715,000 | $580,000 | -18.9% | 0.2% |
| GUARANTEED RATE, INC. | $880,000 | $580,000 | -34.1% | 0.2% |
| Union Savings Bank | $1,705,000 | $565,000 | -66.9% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $1,145,000 | $555,000 | -51.5% | 0.2% |
| First Federal Bank | $550,000 | n/a | 0.2% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $545,000 | n/a | 0.2% | |
| The State Bank and Trust Company | $465,000 | n/a | 0.1% | |
| FIRST COMMUNITY MORTGAGE, INC. | $95,000 | $445,000 | 368.4% | 0.1% |
| First Federal Savings Bank | $25,000 | $440,000 | 1,660.0% | 0.1% |
| Wolfe Financial, Inc | $430,000 | $440,000 | 2.3% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $105,000 | $435,000 | 314.3% | 0.1% |
| Figure Lending LLC | $280,000 | $435,000 | 55.4% | 0.1% |
| Flagstar Bank, FSB | $300,000 | $425,000 | 41.7% | 0.1% |
| TEACHERS CREDIT UNION | $340,000 | $415,000 | 22.1% | 0.1% |
| Old National Bank | $265,000 | $400,000 | 50.9% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $395,000 | n/a | 0.1% | |
| Paramount Bank | $395,000 | n/a | 0.1% | |
| AMWEST FUNDING CORP. | $155,000 | $390,000 | 151.6% | 0.1% |
| Nations Lending Corporation | $3,375,000 | $390,000 | -88.4% | 0.1% |
| Farmers Bank & Trust | $370,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $145,000 | $370,000 | 155.2% | 0.1% |
| POLARIS HOME FUNDING CORP. | $195,000 | $360,000 | 84.6% | 0.1% |
| FORUM Credit Union | $1,130,000 | $350,000 | -69.0% | 0.1% |
| MILEND, INC. | $350,000 | n/a | 0.1% | |
| Wells Fargo Bank | $230,000 | $345,000 | 50.0% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $575,000 | $340,000 | -40.9% | 0.1% |
| PHH Mortgage Corporation | $170,000 | $340,000 | 100.0% | 0.1% |
| First Savings Bank | $335,000 | n/a | 0.1% | |
| HOMESTEAD FUNDING CORP. | $335,000 | n/a | 0.1% | |
| TJC Mortgage, Inc. | $335,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $210,000 | $335,000 | 59.5% | 0.1% |
| Equity Prime Mortgage LLC | $330,000 | n/a | 0.1% | |
| 1st Source Bank | $325,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $155,000 | $325,000 | 109.7% | 0.1% |
| LENDSURE MORTGAGE CORP. | $315,000 | n/a | 0.1% | |
| FORT FINANCIAL Federal Credit Union | $305,000 | n/a | 0.1% | |
| HALLMARK HOME MORTGAGE, LLC | $325,000 | $300,000 | -7.7% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $295,000 | n/a | 0.1% | |
| The Loan Store, Inc. | $295,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $320,000 | $290,000 | -9.4% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $290,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $290,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $285,000 | n/a | 0.1% | |
| Advisors Mortgage Group, L.L.C. | $270,000 | n/a | 0.1% | |
| MEMBER FIRST MORTGAGE, LLC | $535,000 | $250,000 | -53.3% | 0.1% |
| Florida Capital Bank | $235,000 | n/a | 0.1% | |
| Loan Simple, Inc. | $235,000 | n/a | 0.1% | |
| Northwest Bank | $225,000 | n/a | 0.1% | |
| The Farmers & Merchants State Bank | $225,000 | n/a | 0.1% | |
| HOMEXPRESS MORTGAGE CORP. | $220,000 | n/a | 0.1% | |
| U.S. Bank | $430,000 | $220,000 | -48.8% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $560,000 | $215,000 | -61.6% | 0.1% |
| Stock Yards Bank & Trust Company | $585,000 | $215,000 | -63.2% | 0.1% |
| First Bank of Berne | $165,000 | $210,000 | 27.3% | 0.1% |
| Prosperity Home Mortgage, LLC | $420,000 | $210,000 | -50.0% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $205,000 | n/a | 0.1% | |
| UIF CORPORATION | $195,000 | n/a | 0.1% | |
| V.I.P. MORTGAGE, INC. | $165,000 | $195,000 | 18.2% | 0.1% |
| Flanagan State Bank | $190,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $780,000 | $190,000 | -75.6% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $45,000 | $190,000 | 322.2% | 0.1% |
| EMM LOANS LLC | $175,000 | $185,000 | 5.7% | 0.1% |
| MICHIGAN MUTUAL, INC. | $240,000 | $185,000 | -22.9% | 0.1% |
| TrustBank | $185,000 | n/a | 0.1% | |
| Three Rivers Federal Credit Union | $180,000 | n/a | 0.1% | |
| GREENSTATE CREDIT UNION | $75,000 | $175,000 | 133.3% | 0.1% |
| American Mortgage Bank, LLC | $165,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $165,000 | n/a | 0.0% | |
| Industrial Federal Credit Union | $280,000 | $160,000 | -42.9% | 0.0% |
| PARTNERS 1ST Federal Credit Union | $275,000 | $160,000 | -41.8% | 0.0% |
| COREVEST AMERICAN FINANCE LENDER LLC | $115,000 | $155,000 | 34.8% | 0.0% |
| General Mortgage Capital Corporation | $155,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $145,000 | n/a | 0.0% | |
| Crossroads Bank | $470,000 | $145,000 | -69.1% | 0.0% |
| JLB CORPORATION | $410,000 | $145,000 | -64.6% | 0.0% |
| University Bank | $145,000 | n/a | 0.0% | |
| Northpointe Bank | $45,000 | $140,000 | 211.1% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $565,000 | $135,000 | -76.1% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $3,400,000 | $135,000 | -96.0% | 0.0% |
| MILESTONE HOME LENDING, LLC | $665,000 | $135,000 | -79.7% | 0.0% |
| ProFed Federal Credit Union | $35,000 | $135,000 | 285.7% | 0.0% |
| Bank of America | $145,000 | $125,000 | -13.8% | 0.0% |
| Gateway First Bank | $555,000 | $125,000 | -77.5% | 0.0% |
| LIMA ONE CAPITAL, LLC | $195,000 | $125,000 | -35.9% | 0.0% |
| Park Lane Finance Solutions, LLC | $55,000 | $120,000 | 118.2% | 0.0% |
| AMERICAN FINANCING CORPORATION | $85,000 | $115,000 | 35.3% | 0.0% |
| SOUTHWEST FUNDING, LP | $115,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $115,000 | n/a | 0.0% | |
| THE ANDERSON FINANCIAL GROUP, INC. | $115,000 | n/a | 0.0% | |
| First Option Mortgage, LLC | $110,000 | n/a | 0.0% | |
| CARDINAL FINANCIAL | $55,000 | $105,000 | 90.9% | 0.0% |
| Citadel Servicing Corporation | $105,000 | n/a | 0.0% | |
| First National Bank of America | $105,000 | n/a | 0.0% | |
| OCMBC, INC. | $105,000 | n/a | 0.0% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $195,000 | $105,000 | -46.2% | 0.0% |
| Alliance Bank | $95,000 | n/a | 0.0% | |
| A&D Mortgage LLC | $95,000 | $85,000 | -10.5% | 0.0% |
| ALLIANT CREDIT UNION | $85,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $85,000 | n/a | 0.0% | |
| COMMUNITYAMERICA | $85,000 | n/a | 0.0% | |
| Lake City Bank | $10,760,000 | $85,000 | -99.2% | 0.0% |
| The Peoples State Bank | $75,000 | n/a | 0.0% | |
| ENVOY MORTGAGE, LTD | $65,000 | n/a | 0.0% | |
| BETTER MORTGAGE CORPORATION | $360,000 | $55,000 | -84.7% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $55,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $45,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% |
KOKOMO's top lender by overall market share is RUOFF MORTGAGE COMPANY, INC., with 6.6% market share. In second place, with 6.0%, is GVC MORTGAGE, INC., having originated $20,810,000 in loans. In third place, with 6.0%, is VANDERBILT MORTGAGE AND FINANCE, INC., having originated $20,725,000 in loans. In fourth place, with 4.8%, is First Farmers Bank and Trust Company, having originated $16,795,000 in loans. In fifth place, with 4.8%, is QUICKEN LOANS, LLC, having originated $16,735,000 in loans.
KOKOMO, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,317 | $235,755,000 | $179,009 |
| Cash Out Refi | 348 | $42,230,000 | $121,351 |
| Other | 263 | $15,445,000 | $58,726 |
| Refi | 184 | $43,010,000 | $233,750 |
| Home Improvement | 133 | $10,735,000 | $80,714 |
Kokomo's most frequently cited loan purpose was Home Purchase, with 1,317 originations. The 2nd most popular reason was Cash Out Refi, with 348 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 814 | $147,640,000 | $181,376 |
| 7-8% | 620 | $103,710,000 | $167,274 |
| Over 8% | 502 | $33,010,000 | $65,757 |
| 5-6% | 224 | $44,440,000 | $198,393 |
| 4-5% | 28 | $4,680,000 | $167,143 |
| <2.5% | 12 | $80,000 | $6,667 |
| 3-4% | 7 | $595,000 | $85,000 |
| 2.5-3% | 1 | $115,000 | $115,000 |
During 2024, Kokomo's most frequently originated rate bucket was 6-7%, with 814 originations.
Loan Sizing (KOKOMO, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 894 | $47,200,000 | $52,796 |
| $100k-200k | 860 | $124,180,000 | $144,395 |
| $200k-400k | 448 | $119,170,000 | $266,004 |
| $400k-600k | 27 | $12,685,000 | $469,815 |
| $Over $1MM | 9 | $39,045,000 | $4,338,333 |
| $600k-1000k | 7 | $4,895,000 | $699,286 |
KOKOMO's loan sizing saw the bucket of loans from $100,000 or less with 894 originations, totaling $47,200,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 941 | $176,425,000 | $187,487 |
| 60-80% | 476 | $88,200,000 | $185,294 |
| 20-40% | 287 | $29,315,000 | $102,143 |
| Under 20% | 216 | $8,980,000 | $41,574 |
| 40-60% | 184 | $19,570,000 | $106,359 |
| Over 100% | 21 | $4,685,000 | $223,095 |
KOKOMO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 941 originations, totaling $176,425,000 in origination value.