LAFAYETTE - WEST LAFAYETTE Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Lafayette - West Lafayette averaged
6.91%
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
7.13% and
one month ago for the week of 2024-06-13, the
average rate was 7.29%.
Lafayette - West Lafayette's average rate one year ago was 7.1%.
For refis of the same type during the week of 2024-07-18, the average rate
was 7.57%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Lafayette - West Lafayette 30 Year Fixed Rate | 2024-07-18 | 6.91% |
| Lafayette - West Lafayette 30 Year Fixed Rate Refi | 2024-07-18 | 7.57% |
| Lafayette - West Lafayette 15 Year Fixed Rate | 2024-07-18 | 6.33% |
| Lafayette - West Lafayette 15 Year Fixed Rate Refi | 2024-07-18 | 6.35% |
| Lafayette - West Lafayette 30 Year FHA | 2024-07-18 | 6.7% |
| Lafayette - West Lafayette 30 Year FHA Refi | 2024-07-18 | 6.59% |
| Lafayette - West Lafayette 30 Year USDA | 2024-07-18 | 6.53% |
| Lafayette - West Lafayette 30 Year USDA Refi | 2024-07-18 | 6.73% |
| Lafayette - West Lafayette 30 Year VA | 2024-07-18 | 6.51% |
| Lafayette - West Lafayette 30 Year VA Refi | 2024-07-18 | 6.4% |
LAFAYETTE - WEST LAFAYETTE 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 LAFAYETTE-WEST LAFAYETTE, 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.).
LAFAYETTE - WEST LAFAYETTE Average Closing Costs & Other Stats
LAFAYETTE-WEST LAFAYETTE, IN's 140 lenders originated 4,297
loans during 2023. The total origination value was $1,011,105,000, with an average loan value of
$235,305.
LAFAYETTE - WEST LAFAYETTE's average closing costs are $3,662.
The top LAFAYETTE - WEST LAFAYETTE lender as defined by loan originations is PURDUE FEDERAL CREDIT UNION, with
222 loans originated. Their average total fees are
$2,405, which is $741
lower than the next largest lender,
RUOFF MORTGAGE COMPANY, INC..
The lowest fee LAFAYETTE - WEST LAFAYETTE lenders (with over 10 loans originated) are
The Fountain Trust Company ($2,313), PURDUE FEDERAL CREDIT UNION ($2,405), Security Federal Savings Bank ($2,565), Centier Bank ($2,920) and First Farmers Bank and Trust Company ($2,944).
The lowest rate LAFAYETTE - WEST LAFAYETTE lenders (with over 10 loans originated) are
PURDUE FEDERAL CREDIT UNION (6.64%), JPMorgan Chase Bank (6.73%), U.S. Bank (6.74%), THRIVE MORTGAGE, LLC (6.75%) and First Merchants Bank (6.77%).
LAFAYETTE-WEST LAFAYETTE, 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 |
|---|---|---|---|---|
| PURDUE FEDERAL CREDIT UNION | $208,695,000 | $126,335,000 | -39.5% | 12.5% |
| Centier Bank | $47,300,000 | $102,290,000 | 116.3% | 10.1% |
| First Merchants Bank | $41,045,000 | $65,435,000 | 59.4% | 6.5% |
| First Mid Bank & Trust | $53,385,000 | n/a | 5.3% | |
| BELLCO | $47,605,000 | n/a | 4.7% | |
| RUOFF MORTGAGE COMPANY, INC. | $78,250,000 | $46,435,000 | -40.7% | 4.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $29,280,000 | $39,075,000 | 33.5% | 3.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $38,290,000 | $37,525,000 | -2.0% | 3.7% |
| QUICKEN LOANS, LLC | $53,270,000 | $30,160,000 | -43.4% | 3.0% |
| Old National Bank | $40,300,000 | $28,410,000 | -29.5% | 2.8% |
| 1st Source Bank | $6,960,000 | $26,360,000 | 278.7% | 2.6% |
| The Huntington National Bank | $28,875,000 | $22,880,000 | -20.8% | 2.3% |
| ORIX REAL ESTATE CAPITAL, LLC | $22,310,000 | n/a | 2.2% | |
| CALIBER HOME LOANS, INC. | $35,920,000 | $16,880,000 | -53.0% | 1.7% |
| Regions Bank | $30,805,000 | $15,045,000 | -51.2% | 1.5% |
| The Fountain Trust Company | $25,885,000 | $14,585,000 | -43.7% | 1.4% |
| Security Federal Savings Bank | $22,235,000 | $14,095,000 | -36.6% | 1.4% |
| THRIVE MORTGAGE, LLC | $2,255,000 | $12,845,000 | 469.6% | 1.3% |
| GVC MORTGAGE, INC. | $13,390,000 | $12,220,000 | -8.7% | 1.2% |
| JPMorgan Chase Bank | $24,175,000 | $11,395,000 | -52.9% | 1.1% |
| Mortgage Research Center, LLC | $14,005,000 | $11,180,000 | -20.2% | 1.1% |
| HALLMARK HOME MORTGAGE, LLC | $21,250,000 | $10,605,000 | -50.1% | 1.0% |
| NEWREZ LLC | $3,400,000 | $9,700,000 | 185.3% | 1.0% |
| Farm Credit Mid-America, ACA | $6,375,000 | $7,670,000 | 20.3% | 0.8% |
| First Farmers Bank and Trust Company | $8,280,000 | $7,655,000 | -7.5% | 0.8% |
| Horizon Bank | $18,905,000 | $7,480,000 | -60.4% | 0.7% |
| INDIANA UNIVERSITY CREDIT UNION | $7,345,000 | n/a | 0.7% | |
| U.S. Bank | $4,605,000 | $7,255,000 | 57.5% | 0.7% |
| Fifth Third Bank | $11,355,000 | $7,205,000 | -36.5% | 0.7% |
| The Farmers and Merchants Bank | $4,340,000 | $6,680,000 | 53.9% | 0.7% |
| First Financial Bank | $1,030,000 | $6,070,000 | 489.3% | 0.6% |
| Industrial Federal Credit Union | $7,720,000 | $5,605,000 | -27.4% | 0.6% |
| The Farmers Bank, Frankfort, Indiana | $2,150,000 | $5,355,000 | 149.1% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $9,650,000 | $5,320,000 | -44.9% | 0.5% |
| First Option Mortgage, LLC | $665,000 | $4,965,000 | 646.6% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $6,425,000 | $4,945,000 | -23.0% | 0.5% |
| MJW Financial LLC | $340,000 | $4,670,000 | 1,273.5% | 0.5% |
| MOVEMENT MORTGAGE, LLC | $3,830,000 | $4,275,000 | 11.6% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,875,000 | $4,240,000 | 47.5% | 0.4% |
| FAIR WAY LENDING LLC | $5,460,000 | $4,095,000 | -25.0% | 0.4% |
| Flanagan State Bank | $3,810,000 | n/a | 0.4% | |
| LOANDEPOT.COM, LLC | $9,815,000 | $3,810,000 | -61.2% | 0.4% |
| Prosperity Home Mortgage, LLC | $665,000 | $3,765,000 | 466.2% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $10,655,000 | $3,635,000 | -65.9% | 0.4% |
| Wolfe Financial, Inc | $1,640,000 | $3,280,000 | 100.0% | 0.3% |
| PENNYMAC LOAN SERVICES, LLC | $5,255,000 | $3,125,000 | -40.5% | 0.3% |
| Wells Fargo Bank | $7,235,000 | $2,805,000 | -61.2% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $5,565,000 | $2,765,000 | -50.3% | 0.3% |
| USAA Federal Savings Bank | $2,740,000 | $2,725,000 | -0.5% | 0.3% |
| CITIZENS EQUITY FIRST | $4,090,000 | $2,520,000 | -38.4% | 0.2% |
| The Home National Bank of Thorntown | $970,000 | $2,445,000 | 152.1% | 0.2% |
| GUARANTEED RATE, INC. | $2,400,000 | $2,220,000 | -7.5% | 0.2% |
| BROKER SOLUTIONS, INC. | $3,170,000 | $2,025,000 | -36.1% | 0.2% |
| Union Savings Bank | $1,445,000 | $1,895,000 | 31.1% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,580,000 | $1,855,000 | 17.4% | 0.2% |
| Bank of America | $1,960,000 | $1,835,000 | -6.4% | 0.2% |
| SUCCESS MORTGAGE PARTNERS, INC. | $2,085,000 | $1,780,000 | -14.6% | 0.2% |
| PANORAMA MORTGAGE GROUP, LLC | $7,475,000 | $1,750,000 | -76.6% | 0.2% |
| Elements Financial Federal Credit Union | $4,930,000 | $1,730,000 | -64.9% | 0.2% |
| Community First Bank of Indiana | $1,095,000 | $1,720,000 | 57.1% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,655,000 | n/a | 0.2% | |
| NBKC BANK | $1,395,000 | $1,650,000 | 18.3% | 0.2% |
| Discover Bank | $770,000 | $1,595,000 | 107.1% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $1,290,000 | $1,510,000 | 17.1% | 0.1% |
| Carrington Mortgage Services, LLC | $1,705,000 | $1,495,000 | -12.3% | 0.1% |
| Citadel Servicing Corporation | $125,000 | $1,400,000 | 1,020.0% | 0.1% |
| PNC Bank | $3,060,000 | $1,390,000 | -54.6% | 0.1% |
| LOANPAL, LLC | $1,200,000 | $1,370,000 | 14.2% | 0.1% |
| Flagstar Bank, FSB | $2,045,000 | $1,330,000 | -35.0% | 0.1% |
| State Bank of Lizton | $2,280,000 | $1,285,000 | -43.6% | 0.1% |
| First Federal Bank of the Midwest | $1,450,000 | $1,235,000 | -14.8% | 0.1% |
| Northpointe Bank | $915,000 | $1,215,000 | 32.8% | 0.1% |
| OPEN MORTGAGE, LLC | $1,690,000 | $1,190,000 | -29.6% | 0.1% |
| Servion, Inc. | $1,205,000 | $1,190,000 | -1.2% | 0.1% |
| Associated Bank | $25,005,000 | $1,145,000 | -95.4% | 0.1% |
| Alliance Bank | $3,955,000 | $1,115,000 | -71.8% | 0.1% |
| Morgan Stanley Private Bank | $730,000 | $1,095,000 | 50.0% | 0.1% |
| BETTER MORTGAGE CORPORATION | $2,400,000 | $1,035,000 | -56.9% | 0.1% |
| Arvest Bank | $405,000 | $995,000 | 145.7% | 0.1% |
| SIRVA MORTGAGE, INC. | $285,000 | $965,000 | 238.6% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $750,000 | $960,000 | 28.0% | 0.1% |
| ZILLOW HOME LOANS, LLC | $365,000 | $920,000 | 152.1% | 0.1% |
| PREMIA MORTGAGE, LLC | $535,000 | $865,000 | 61.7% | 0.1% |
| UNION HOME MORTGAGE CORP. | $1,005,000 | $845,000 | -15.9% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $660,000 | $825,000 | 25.0% | 0.1% |
| Figure Lending LLC | $760,000 | $800,000 | 5.3% | 0.1% |
| Raymond James Bank | $740,000 | $790,000 | 6.8% | 0.1% |
| NEW DAY FINANCIAL, LLC | $1,760,000 | $770,000 | -56.3% | 0.1% |
| Commerce Bank | $765,000 | n/a | 0.1% | |
| TUCKER MORTGAGE, LLC | $175,000 | $750,000 | 328.6% | 0.1% |
| LAKE MICHIGAN CREDIT UNION | $745,000 | n/a | 0.1% | |
| TEACHERS CREDIT UNION | $1,930,000 | $725,000 | -62.4% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $275,000 | $680,000 | 147.3% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $1,055,000 | $675,000 | -36.0% | 0.1% |
| AMERICAN FINANCING CORPORATION | $685,000 | $655,000 | -4.4% | 0.1% |
| Bank of Wolcott | $650,000 | n/a | 0.1% | |
| Jackson County Bank | $115,000 | $650,000 | 465.2% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $1,620,000 | $640,000 | -60.5% | 0.1% |
| GUILD MORTGAGE COMPANY | $155,000 | $635,000 | 309.7% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,005,000 | $630,000 | -37.3% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $325,000 | $625,000 | 92.3% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $610,000 | n/a | 0.1% | |
| VAN DYK MORTGAGE CORPORATION | $605,000 | n/a | 0.1% | |
| The Federal Savings Bank | $1,670,000 | $600,000 | -64.1% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $2,060,000 | $595,000 | -71.1% | 0.1% |
| 1786 | $590,000 | n/a | 0.1% | |
| CMG MORTGAGE, INC. | $4,045,000 | $580,000 | -85.7% | 0.1% |
| Citizens Bank | $270,000 | $575,000 | 113.0% | 0.1% |
| INDIANA MEMBERS CREDIT UNION | $65,000 | $575,000 | 784.6% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $555,000 | n/a | 0.1% | |
| Ixonia Bank | $550,000 | n/a | 0.1% | |
| Plains Commerce Bank | $550,000 | n/a | 0.1% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $930,000 | $540,000 | -41.9% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,890,000 | $530,000 | -72.0% | 0.1% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $955,000 | $520,000 | -45.5% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $495,000 | n/a | 0.0% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $495,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $255,000 | $480,000 | 88.2% | 0.0% |
| Community State Bank | $470,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $470,000 | n/a | 0.0% | |
| FORUM Credit Union | $1,525,000 | $470,000 | -69.2% | 0.0% |
| Nations Lending Corporation | $855,000 | $460,000 | -46.2% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $705,000 | $460,000 | -34.8% | 0.0% |
| Ameris Bank | $455,000 | n/a | 0.0% | |
| FIRST STATE MORTGAGE SERVICES, LLC | $445,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $145,000 | $440,000 | 203.4% | 0.0% |
| EVANSVILLE TEACHERS | $770,000 | $435,000 | -43.5% | 0.0% |
| Paramount Bank | $425,000 | n/a | 0.0% | |
| Hoosier Heartland State Bank | $775,000 | $420,000 | -45.8% | 0.0% |
| OAKTREE FUNDING CORP. | $370,000 | $415,000 | 12.2% | 0.0% |
| Waterstone Mortgage Corporation | $415,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $885,000 | $410,000 | -53.7% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $225,000 | $405,000 | 80.0% | 0.0% |
| First International Bank & Trust | $405,000 | n/a | 0.0% | |
| University Bank | $105,000 | $400,000 | 281.0% | 0.0% |
| MORTGAGE ACCESS CORP. | $395,000 | n/a | 0.0% | |
| Stock Yards Bank & Trust Company | $185,000 | $390,000 | 110.8% | 0.0% |
| Armed Forces Bank | $365,000 | $385,000 | 5.5% | 0.0% |
| GREENSTATE CREDIT UNION | $270,000 | $385,000 | 42.6% | 0.0% |
| DELTA COMMUNITY CREDIT UNION | $235,000 | $375,000 | 59.6% | 0.0% |
| Solidarity Community Federal Credit Union | $555,000 | $375,000 | -32.4% | 0.0% |
| Three Rivers Federal Credit Union | $800,000 | $370,000 | -53.8% | 0.0% |
| First Federal Bank | $365,000 | n/a | 0.0% | |
| MLD MORTGAGE INC. | $365,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $400,000 | $360,000 | -10.0% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $245,000 | $355,000 | 44.9% | 0.0% |
| Citibank | $735,000 | $345,000 | -53.1% | 0.0% |
| Bath State Bank | $335,000 | n/a | 0.0% | |
| Mutual Federal Bank | $325,000 | n/a | 0.0% | |
| First Federal Savings Bank | $610,000 | $320,000 | -47.5% | 0.0% |
| M&T Bank | $55,000 | $320,000 | 481.8% | 0.0% |
| PLANET HOME LENDING, LLC | $215,000 | $320,000 | 48.8% | 0.0% |
| BEACON CREDIT UNION | $585,000 | $310,000 | -47.0% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $115,000 | $310,000 | 169.6% | 0.0% |
| STAR Financial Bank | $205,000 | $300,000 | 46.3% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $675,000 | $295,000 | -56.3% | 0.0% |
| Magnolia Bank | $435,000 | $285,000 | -34.5% | 0.0% |
| First National Bank of America | $725,000 | $280,000 | -61.4% | 0.0% |
| The Loan Store, Inc. | $280,000 | n/a | 0.0% | |
| Ally Bank | $1,380,000 | $265,000 | -80.8% | 0.0% |
| Catlin Bank | $325,000 | $260,000 | -20.0% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $360,000 | $260,000 | -27.8% | 0.0% |
| Lake City Bank | $155,000 | $250,000 | 61.3% | 0.0% |
| Truist | $570,000 | $250,000 | -56.1% | 0.0% |
| CANOPY MORTGAGE, LLC | $265,000 | $245,000 | -7.5% | 0.0% |
| Home Bank SB | $245,000 | n/a | 0.0% | |
| Marquette Bank | $245,000 | n/a | 0.0% | |
| First Financial Bank | $1,030,000 | $240,000 | -76.7% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $335,000 | $240,000 | -28.4% | 0.0% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $465,000 | $235,000 | -49.5% | 0.0% |
| First Bank of Berne | $345,000 | $235,000 | -31.9% | 0.0% |
| First Horizon Bank | $235,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $235,000 | n/a | 0.0% | |
| American Community Bank of Indiana | $225,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $225,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $605,000 | $225,000 | -62.8% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $155,000 | $225,000 | 45.2% | 0.0% |
| Farmers State Bank | $215,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $210,000 | n/a | 0.0% | |
| TECH Credit Union | $205,000 | n/a | 0.0% | |
| UNITED | $175,000 | $205,000 | 17.1% | 0.0% |
| EVERETT FINANCIAL, INC. | $615,000 | $195,000 | -68.3% | 0.0% |
| FLAT BRANCH MORTGAGE, INC. | $185,000 | $195,000 | 5.4% | 0.0% |
| GENEVA FINANCIAL, LLC | $195,000 | n/a | 0.0% | |
| Guardian Savings Bank, A Federal Savings Bank | $195,000 | n/a | 0.0% | |
| Bank Five Nine | $185,000 | n/a | 0.0% | |
| Circle Federal Credit Union | $185,000 | n/a | 0.0% | |
| First National Bank of Omaha | $185,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $295,000 | $185,000 | -37.3% | 0.0% |
| FINANCIAL CENTER FIRST CREDIT UNION | $115,000 | $180,000 | 56.5% | 0.0% |
| CARDINAL FINANCIAL | $1,875,000 | $175,000 | -90.7% | 0.0% |
| Central Bank | $175,000 | n/a | 0.0% | |
| STOCKTON MORTGAGE CORPORATION | $175,000 | n/a | 0.0% | |
| VERITAS FUNDING, LLC | $175,000 | n/a | 0.0% | |
| MORTGAGE 1 INCORPORATED | $165,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $160,000 | n/a | 0.0% | |
| BM Real Estate Services, Inc. | $155,000 | n/a | 0.0% | |
| Century Mortgage Company DBA Century Lending Company | $155,000 | n/a | 0.0% | |
| CORNERSTONE HOME LENDING, INC. | $155,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $155,000 | n/a | 0.0% | |
| FINANCIAL BUILDERS Federal Credit Union | $145,000 | n/a | 0.0% | |
| First National Bank | $145,000 | n/a | 0.0% | |
| MidFirst Bank | $145,000 | n/a | 0.0% | |
| Iroquois Federal Savings and Loan Association | $75,000 | $140,000 | 86.7% | 0.0% |
| First Western Federal Savings Bank | $125,000 | $125,000 | 0.0% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $115,000 | n/a | 0.0% | |
| Pinnacle Bank | $2,255,000 | $115,000 | -94.9% | 0.0% |
| SPRING EQ, LLC | $785,000 | $115,000 | -85.4% | 0.0% |
| USAlliance Federal Credit Union | $45,000 | $115,000 | 155.6% | 0.0% |
| Vibrant Credit Union | $425,000 | $115,000 | -72.9% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $105,000 | n/a | 0.0% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $105,000 | n/a | 0.0% | |
| Brighton Bank | $105,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $430,000 | $105,000 | -75.6% | 0.0% |
| UIF CORPORATION | $105,000 | n/a | 0.0% | |
| FIRST MORTGAGE COMPANY, INC. | $85,000 | n/a | 0.0% | |
| MEMBER FIRST MORTGAGE, LLC | $190,000 | $85,000 | -55.3% | 0.0% |
| S&T Bank | $65,000 | n/a | 0.0% | |
| Bank of England | $430,000 | $55,000 | -87.2% | 0.0% |
| BMO Harris Bank | $1,395,000 | $55,000 | -96.1% | 0.0% |
| GEORGIA'S OWN | $55,000 | n/a | 0.0% | |
| Connexus Credit Union | $45,000 | n/a | 0.0% | |
| DeMotte State Bank | $45,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% |
LAFAYETTE - WEST LAFAYETTE's top lender by overall market share is PURDUE FEDERAL CREDIT UNION, with 12.5% market share. In second place, with 10.1%, is Centier Bank, having originated $102,290,000 in loans. In third place, with 6.5%, is First Merchants Bank, having originated $65,435,000 in loans. In fourth place, with 5.3%, is First Mid Bank & Trust, having originated $53,385,000 in loans. In fifth place, with 4.7%, is BELLCO, having originated $47,605,000 in loans.
LAFAYETTE-WEST LAFAYETTE, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,323 | $719,205,000 | $309,602 |
| Home Improvement | 544 | $50,250,000 | $92,371 |
| Cash Out Refi | 532 | $71,170,000 | $133,778 |
| Other | 483 | $41,345,000 | $85,600 |
| Refi | 415 | $129,135,000 | $311,169 |
Lafayette - West Lafayette's most frequently cited loan purpose was Home Purchase, with 2,323 originations. The 2nd most popular reason was Home Improvement, with 544 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,493 | $443,505,000 | $297,056 |
| 7-8% | 1,265 | $259,915,000 | $205,466 |
| Over 8% | 894 | $151,960,000 | $169,978 |
| 5-6% | 466 | $106,240,000 | $227,983 |
| <2.5% | 32 | $22,590,000 | $705,938 |
| 3-4% | 15 | $1,825,000 | $121,667 |
| 4-5% | 13 | $3,705,000 | $285,000 |
| 2.5-3% | 2 | $460,000 | $230,000 |
During 2023, Lafayette - West Lafayette's most frequently originated rate bucket was 6-7%, with 1,493 originations.
Loan Sizing (LAFAYETTE-WEST LAFAYETTE, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 1,394 | $71,990,000 | $51,643 |
| $100k-200k | 1,370 | $201,800,000 | $147,299 |
| $200k-400k | 1,248 | $338,300,000 | $271,074 |
| $400k-600k | 202 | $95,140,000 | $470,990 |
| $600k-1000k | 61 | $42,285,000 | $693,197 |
| $Over $1MM | 22 | $261,590,000 | $11,890,455 |
LAFAYETTE - WEST LAFAYETTE's loan sizing saw the bucket of loans from $100,000 or less with 1,394 originations, totaling $71,990,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,440 | $369,310,000 | $256,465 |
| 60-80% | 916 | $312,100,000 | $340,721 |
| Under 20% | 680 | $29,890,000 | $43,956 |
| 20-40% | 672 | $61,120,000 | $90,952 |
| 40-60% | 434 | $173,110,000 | $398,871 |
| Over 100% | 39 | $25,555,000 | $655,256 |
LAFAYETTE - WEST LAFAYETTE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,440 originations, totaling $369,310,000 in origination value.