LAFAYETTE - WEST LAFAYETTE Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Lafayette - West Lafayette averaged
6.41%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.43% and
one month ago for the week of 2023-04-20, the
average rate was 6.13%.
Lafayette - West Lafayette's average rate one year ago was 5.39%.
For refis of the same type during the week of 2023-05-25, the average rate
was 5.9%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| Lafayette - West Lafayette 30 Year Fixed Rate | 2023-05-25 | 6.41% |
| Lafayette - West Lafayette 30 Year Fixed Rate Refi | 2023-05-25 | 5.9% |
| Lafayette - West Lafayette 15 Year Fixed Rate | 2023-05-25 | 5.88% |
| Lafayette - West Lafayette 15 Year Fixed Rate Refi | 2023-05-25 | 5.03% |
| Lafayette - West Lafayette 30 Year FHA | 2023-05-25 | 6.72% |
| Lafayette - West Lafayette 30 Year FHA Refi | 2023-05-25 | 6.71% |
| Lafayette - West Lafayette 30 Year USDA | 2023-05-25 | 6.43% |
| Lafayette - West Lafayette 30 Year USDA Refi | 2023-05-25 | 6.63% |
| Lafayette - West Lafayette 30 Year VA | 2023-05-25 | 6.35% |
| Lafayette - West Lafayette 30 Year VA Refi | 2023-05-25 | 6.41% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within LAFAYETTE-WEST LAFAYETTE, IN.
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 165 lenders originated 5,842
loans during 2022. The total origination value was $1,275,470,000, with an average loan value of
$218,328.
LAFAYETTE - WEST LAFAYETTE's average closing costs are $3,492.
The top LAFAYETTE - WEST LAFAYETTE lender as defined by loan originations is PURDUE FEDERAL CREDIT UNION, with
370 loans originated. Their average total fees are
$2,611, which is $37
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 ($1,978), Security Federal Savings Bank ($2,028), Old National Bank ($2,314), 1st Source Bank ($2,534) and PURDUE FEDERAL CREDIT UNION ($2,611).
The lowest rate LAFAYETTE - WEST LAFAYETTE lenders (with over 10 loans originated) are
PNC Bank (4.19%), AMERISAVE MORTGAGE CORPORATION (4.53%), JPMorgan Chase Bank (4.68%), LOANDEPOT.COM, LLC (4.69%) and FREEDOM MORTGAGE CORPORATION (4.76%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| PURDUE FEDERAL CREDIT UNION | $279,730,000 | $208,695,000 | -25.4% | 16.4% |
| RUOFF MORTGAGE COMPANY, INC. | $166,420,000 | $78,250,000 | -53.0% | 6.1% |
| Merchants Bank of Indiana | $19,150,000 | $65,675,000 | 243.0% | 5.1% |
| QUICKEN LOANS, LLC | $107,315,000 | $53,270,000 | -50.4% | 4.2% |
| Capital One | $44,620,000 | $50,130,000 | 12.3% | 3.9% |
| Centier Bank | $46,560,000 | $47,300,000 | 1.6% | 3.7% |
| First Merchants Bank | $68,715,000 | $41,045,000 | -40.3% | 3.2% |
| Old National Bank | $46,900,000 | $40,300,000 | -14.1% | 3.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $63,230,000 | $38,290,000 | -39.4% | 3.0% |
| CALIBER HOME LOANS, INC. | $46,080,000 | $35,920,000 | -22.0% | 2.8% |
| Regions Bank | $47,385,000 | $30,805,000 | -35.0% | 2.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $22,275,000 | $29,280,000 | 31.4% | 2.3% |
| The Huntington National Bank | $30,590,000 | $28,875,000 | -5.6% | 2.3% |
| The Fountain Trust Company | $40,425,000 | $25,885,000 | -36.0% | 2.0% |
| Associated Bank | $25,005,000 | n/a | 2.0% | |
| JPMorgan Chase Bank | $40,160,000 | $24,175,000 | -39.8% | 1.9% |
| AMERICAN MORTGAGE SERVICE COMPANY | $51,500,000 | $23,565,000 | -54.2% | 1.8% |
| Security Federal Savings Bank | $36,955,000 | $22,235,000 | -39.8% | 1.7% |
| HALLMARK HOME MORTGAGE, LLC | $35,460,000 | $21,250,000 | -40.1% | 1.7% |
| WALKER & DUNLOP, LLC | $20,825,000 | n/a | 1.6% | |
| Horizon Bank | $28,835,000 | $18,905,000 | -34.4% | 1.5% |
| Mortgage Research Center, LLC | $11,425,000 | $14,005,000 | 22.6% | 1.1% |
| GVC MORTGAGE, INC. | $19,850,000 | $13,390,000 | -32.5% | 1.0% |
| Fifth Third Bank | $14,190,000 | $11,355,000 | -20.0% | 0.9% |
| FREEDOM MORTGAGE CORPORATION | $35,185,000 | $10,655,000 | -69.7% | 0.8% |
| Santander Bank, N.A. | $10,635,000 | n/a | 0.8% | |
| LOANDEPOT.COM, LLC | $18,315,000 | $9,815,000 | -46.4% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $11,540,000 | $9,650,000 | -16.4% | 0.8% |
| First Farmers Bank and Trust Company | $11,875,000 | $8,280,000 | -30.3% | 0.6% |
| Industrial Federal Credit Union | $7,910,000 | $7,720,000 | -2.4% | 0.6% |
| PANORAMA MORTGAGE GROUP, LLC | $15,675,000 | $7,475,000 | -52.3% | 0.6% |
| Wells Fargo Bank | $12,600,000 | $7,235,000 | -42.6% | 0.6% |
| 1st Source Bank | $11,645,000 | $6,960,000 | -40.2% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $5,785,000 | $6,425,000 | 11.1% | 0.5% |
| Farm Credit Mid-America, ACA | $9,935,000 | $6,375,000 | -35.8% | 0.5% |
| First Financial Bank | $225,000 | $5,935,000 | 2,537.8% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $9,495,000 | $5,565,000 | -41.4% | 0.4% |
| FAIR WAY LENDING LLC | $7,570,000 | $5,460,000 | -27.9% | 0.4% |
| Busey Bank | $5,375,000 | n/a | 0.4% | |
| PENNYMAC LOAN SERVICES, LLC | $9,395,000 | $5,255,000 | -44.1% | 0.4% |
| Elements Financial Federal Credit Union | $3,220,000 | $4,930,000 | 53.1% | 0.4% |
| U.S. Bank | $4,260,000 | $4,605,000 | 8.1% | 0.4% |
| The Farmers and Merchants Bank | $17,930,000 | $4,340,000 | -75.8% | 0.3% |
| HOME POINT FINANCIAL CORPORATION | $7,085,000 | $4,240,000 | -40.2% | 0.3% |
| CITIZENS EQUITY FIRST | $2,745,000 | $4,090,000 | 49.0% | 0.3% |
| CMG MORTGAGE, INC. | $11,435,000 | $4,045,000 | -64.6% | 0.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $8,300,000 | $3,965,000 | -52.2% | 0.3% |
| Alliance Bank | $3,245,000 | $3,955,000 | 21.9% | 0.3% |
| MOVEMENT MORTGAGE, LLC | $295,000 | $3,830,000 | 1,198.3% | 0.3% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $3,705,000 | n/a | 0.3% | |
| NEWREZ LLC | $7,480,000 | $3,400,000 | -54.5% | 0.3% |
| BROKER SOLUTIONS, INC. | $4,600,000 | $3,170,000 | -31.1% | 0.2% |
| PNC Bank | $4,010,000 | $3,060,000 | -23.7% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,610,000 | $2,875,000 | 10.2% | 0.2% |
| USAA Federal Savings Bank | $3,750,000 | $2,740,000 | -26.9% | 0.2% |
| BETTER MORTGAGE CORPORATION | $10,330,000 | $2,400,000 | -76.8% | 0.2% |
| GUARANTEED RATE, INC. | $2,940,000 | $2,400,000 | -18.4% | 0.2% |
| State Bank of Lizton | $2,280,000 | n/a | 0.2% | |
| Pinnacle Bank | $265,000 | $2,255,000 | 750.9% | 0.2% |
| THRIVE MORTGAGE, LLC | $2,255,000 | n/a | 0.2% | |
| The Farmers Bank, Frankfort, Indiana | $3,685,000 | $2,150,000 | -41.7% | 0.2% |
| SUCCESS MORTGAGE PARTNERS, INC. | $2,995,000 | $2,085,000 | -30.4% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $4,580,000 | $2,060,000 | -55.0% | 0.2% |
| Flagstar Bank, FSB | $3,130,000 | $2,045,000 | -34.7% | 0.2% |
| Bank of America | $3,475,000 | $1,960,000 | -43.6% | 0.2% |
| TEACHERS CREDIT UNION | $1,350,000 | $1,930,000 | 43.0% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $3,090,000 | $1,890,000 | -38.8% | 0.1% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $3,450,000 | $1,875,000 | -45.7% | 0.1% |
| NEW DAY FINANCIAL, LLC | $2,130,000 | $1,760,000 | -17.4% | 0.1% |
| Carrington Mortgage Services, LLC | $3,510,000 | $1,705,000 | -51.4% | 0.1% |
| OPEN MORTGAGE, LLC | $435,000 | $1,690,000 | 288.5% | 0.1% |
| The Federal Savings Bank | $1,350,000 | $1,670,000 | 23.7% | 0.1% |
| Wolfe Financial, Inc | $3,235,000 | $1,640,000 | -49.3% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $635,000 | $1,620,000 | 155.1% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,405,000 | $1,580,000 | -34.3% | 0.1% |
| FORUM Credit Union | $740,000 | $1,525,000 | 106.1% | 0.1% |
| INLANTA MORTGAGE, INC. | $3,220,000 | $1,485,000 | -53.9% | 0.1% |
| First Federal Bank of the Midwest | $560,000 | $1,450,000 | 158.9% | 0.1% |
| Union Savings Bank | $5,040,000 | $1,445,000 | -71.3% | 0.1% |
| BMO Harris Bank | $620,000 | $1,395,000 | 125.0% | 0.1% |
| NBKC BANK | $545,000 | $1,395,000 | 156.0% | 0.1% |
| Ally Bank | $1,485,000 | $1,380,000 | -7.1% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $1,165,000 | $1,290,000 | 10.7% | 0.1% |
| Servion, Inc. | $2,445,000 | $1,205,000 | -50.7% | 0.1% |
| LOANPAL, LLC | $175,000 | $1,200,000 | 585.7% | 0.1% |
| CLEARPATH LENDING | $2,530,000 | $1,125,000 | -55.5% | 0.1% |
| Community First Bank of Indiana | $1,505,000 | $1,095,000 | -27.2% | 0.1% |
| JLB CORPORATION | $1,385,000 | $1,060,000 | -23.5% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $625,000 | $1,055,000 | 68.8% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $1,140,000 | $1,045,000 | -8.3% | 0.1% |
| First Financial Bank | $225,000 | $1,030,000 | 357.8% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,430,000 | $1,005,000 | -29.7% | 0.1% |
| UNION HOME MORTGAGE CORP. | $1,745,000 | $1,005,000 | -42.4% | 0.1% |
| The Home National Bank of Thorntown | $970,000 | n/a | 0.1% | |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $1,205,000 | $955,000 | -20.7% | 0.1% |
| AMERIFIRST FINANCIAL CORPORATION | $2,045,000 | $930,000 | -54.5% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $1,620,000 | $930,000 | -42.6% | 0.1% |
| Dollar Bank, Federal Savings Bank | $595,000 | $920,000 | 54.6% | 0.1% |
| Northpointe Bank | $305,000 | $915,000 | 200.0% | 0.1% |
| First Internet Bank of Indiana | $3,235,000 | $905,000 | -72.0% | 0.1% |
| Civista Bank | $895,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $885,000 | $885,000 | 0.0% | 0.1% |
| City National Bank | $880,000 | n/a | 0.1% | |
| 1ST SIGNATURE LENDING, LLC | $1,555,000 | $865,000 | -44.4% | 0.1% |
| Nations Lending Corporation | $790,000 | $855,000 | 8.2% | 0.1% |
| AmeriHome Mortgage Company, LLC | $1,350,000 | $850,000 | -37.0% | 0.1% |
| Community Mortgage Banc Corporation | $1,080,000 | $845,000 | -21.8% | 0.1% |
| First Guaranty Mortgage Corporation | $3,665,000 | $845,000 | -76.9% | 0.1% |
| UNIVERSITY LENDING GROUP, LLC | $2,210,000 | $810,000 | -63.3% | 0.1% |
| Three Rivers Federal Credit Union | $800,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $220,000 | $785,000 | 256.8% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $895,000 | $780,000 | -12.8% | 0.1% |
| Centra Credit Union | $310,000 | $780,000 | 151.6% | 0.1% |
| Hoosier Heartland State Bank | $1,040,000 | $775,000 | -25.5% | 0.1% |
| Discover Bank | $625,000 | $770,000 | 23.2% | 0.1% |
| EVANSVILLE TEACHERS | $625,000 | $770,000 | 23.2% | 0.1% |
| Figure Lending LLC | $275,000 | $760,000 | 176.4% | 0.1% |
| Loan Simple, Inc. | $760,000 | n/a | 0.1% | |
| Citizens Bank | $315,000 | $750,000 | 138.1% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $2,635,000 | $750,000 | -71.5% | 0.1% |
| Hometown Lenders, Inc. | $745,000 | n/a | 0.1% | |
| Raymond James Bank | $940,000 | $740,000 | -21.3% | 0.1% |
| Citibank | $105,000 | $735,000 | 600.0% | 0.1% |
| WINTERWOOD MORTGAGE GROUP, LLC | $420,000 | $735,000 | 75.0% | 0.1% |
| Morgan Stanley Private Bank | $730,000 | n/a | 0.1% | |
| First National Bank of America | $715,000 | $725,000 | 1.4% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $435,000 | $705,000 | 62.1% | 0.1% |
| NFM, INC. | $690,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $885,000 | $685,000 | -22.6% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,430,000 | $675,000 | -52.8% | 0.1% |
| First Option Mortgage, LLC | $975,000 | $665,000 | -31.8% | 0.1% |
| Prosperity Home Mortgage, LLC | $665,000 | n/a | 0.1% | |
| ENDEAVOR CAPITAL, LLC. | $1,230,000 | $660,000 | -46.3% | 0.1% |
| V.I.P. MORTGAGE, INC. | $645,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $1,025,000 | $620,000 | -39.5% | 0.0% |
| EVERETT FINANCIAL, INC. | $490,000 | $615,000 | 25.5% | 0.0% |
| First Federal Savings Bank | $95,000 | $610,000 | 542.1% | 0.0% |
| DIGITAL Federal Credit Union | $235,000 | $605,000 | 157.4% | 0.0% |
| North American Savings Bank, F.S.B. | $850,000 | $605,000 | -28.8% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $600,000 | n/a | 0.0% | |
| BEACON CREDIT UNION | $800,000 | $585,000 | -26.9% | 0.0% |
| Truist | $1,035,000 | $570,000 | -44.9% | 0.0% |
| Solidarity Community Federal Credit Union | $695,000 | $555,000 | -20.1% | 0.0% |
| PREMIA MORTGAGE, LLC | $535,000 | n/a | 0.0% | |
| FINANCE OF AMERICA MORTGAGE LLC | $1,235,000 | $525,000 | -57.5% | 0.0% |
| KeyBank | $1,550,000 | $505,000 | -67.4% | 0.0% |
| ALLIANT CREDIT UNION | $495,000 | n/a | 0.0% | |
| The Home Loan Expert LLC | $325,000 | $480,000 | 47.7% | 0.0% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $225,000 | $465,000 | 106.7% | 0.0% |
| AMERICAN ADVISORS GROUP | $675,000 | $460,000 | -31.9% | 0.0% |
| Colten Mortgage, LLC | $300,000 | $440,000 | 46.7% | 0.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $900,000 | $440,000 | -51.1% | 0.0% |
| Magnolia Bank | $125,000 | $435,000 | 248.0% | 0.0% |
| Bank of England | $435,000 | $430,000 | -1.1% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $1,025,000 | $430,000 | -58.0% | 0.0% |
| Vibrant Credit Union | $490,000 | $425,000 | -13.3% | 0.0% |
| Old Second National Bank | $415,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $2,325,000 | $410,000 | -82.4% | 0.0% |
| Arvest Bank | $765,000 | $405,000 | -47.1% | 0.0% |
| Semper Home Loans, Inc. | $405,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $1,750,000 | $400,000 | -77.1% | 0.0% |
| Northwest Bank | $390,000 | n/a | 0.0% | |
| Belmont Savings Bank | $385,000 | n/a | 0.0% | |
| BNC National Bank | $375,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $370,000 | n/a | 0.0% | |
| OAKTREE FUNDING CORP. | $370,000 | n/a | 0.0% | |
| Armed Forces Bank | $365,000 | n/a | 0.0% | |
| KEMBA CREDIT UNION, INC. | $365,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $1,355,000 | $365,000 | -73.1% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $360,000 | n/a | 0.0% | |
| First Bank of Berne | $345,000 | n/a | 0.0% | |
| BLUELEAF LENDING, LLC | $345,000 | $340,000 | -1.4% | 0.0% |
| MJW Financial LLC | $1,550,000 | $340,000 | -78.1% | 0.0% |
| Advisors Mortgage Group, L.L.C. | $335,000 | n/a | 0.0% | |
| STANFORD Federal Credit Union | $335,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $300,000 | $335,000 | 11.7% | 0.0% |
| Catlin Bank | $835,000 | $325,000 | -61.1% | 0.0% |
| Crossroads Bank | $325,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $325,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $930,000 | $310,000 | -66.7% | 0.0% |
| ANGEL OAK HOME LOANS LLC | $265,000 | $295,000 | 11.3% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $295,000 | n/a | 0.0% | |
| Bankers' Bank | $1,290,000 | $285,000 | -77.9% | 0.0% |
| PHH Mortgage Corporation | $760,000 | $285,000 | -62.5% | 0.0% |
| SIRVA MORTGAGE, INC. | $1,075,000 | $285,000 | -73.5% | 0.0% |
| Strong Home Mortgage, LLC | $285,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $990,000 | $275,000 | -72.2% | 0.0% |
| Citizens Bank | $315,000 | $270,000 | -14.3% | 0.0% |
| GREENSTATE CREDIT UNION | $270,000 | n/a | 0.0% | |
| CANOPY MORTGAGE, LLC | $355,000 | $265,000 | -25.4% | 0.0% |
| Key Mortgage Services, Inc. | $265,000 | n/a | 0.0% | |
| N R L Federal Credit Union | $55,000 | $265,000 | 381.8% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $1,320,000 | $255,000 | -80.7% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $720,000 | $255,000 | -64.6% | 0.0% |
| EQUITY RESOURCES, INC. | $190,000 | $250,000 | 31.6% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $245,000 | n/a | 0.0% | |
| ADVANTAGE PLUS | $235,000 | n/a | 0.0% | |
| DELTA COMMUNITY CREDIT UNION | $235,000 | n/a | 0.0% | |
| Longview Bank & Trust | $920,000 | $235,000 | -74.5% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,240,000 | $235,000 | -89.5% | 0.0% |
| 21ST MORTGAGE CORPORATION | $810,000 | $230,000 | -71.6% | 0.0% |
| Sunflower Bank | $85,000 | $230,000 | 170.6% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $205,000 | $225,000 | 9.8% | 0.0% |
| LNB COMMUNITY BANK | $225,000 | n/a | 0.0% | |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $225,000 | n/a | 0.0% | |
| Municipal Trust and Savings Bank | $225,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $270,000 | $215,000 | -20.4% | 0.0% |
| PLANET HOME LENDING, LLC | $1,180,000 | $215,000 | -81.8% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $55,000 | $205,000 | 272.7% | 0.0% |
| Low VA Rates, LLC | $835,000 | $205,000 | -75.4% | 0.0% |
| Southwest Airlines Federal Credit Union | $205,000 | n/a | 0.0% | |
| STAR Financial Bank | $1,700,000 | $205,000 | -87.9% | 0.0% |
| UNITED MORTGAGE CORP. | $175,000 | $205,000 | 17.1% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $200,000 | n/a | 0.0% | |
| PARTNERS UNITED FINANCIAL, LLC | $195,000 | n/a | 0.0% | |
| Peoples Bank | $195,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $85,000 | $195,000 | 129.4% | 0.0% |
| Wilmington Savings Fund Society, FSB | $195,000 | n/a | 0.0% | |
| First American Bank | $190,000 | n/a | 0.0% | |
| MEMBER FIRST MORTGAGE, LLC | $115,000 | $190,000 | 65.2% | 0.0% |
| The North Salem State Bank | $225,000 | $190,000 | -15.6% | 0.0% |
| CHEVRON | $185,000 | n/a | 0.0% | |
| COMPASS MORTGAGE, INC. | $335,000 | $185,000 | -44.8% | 0.0% |
| FLAT BRANCH MORTGAGE, INC. | $725,000 | $185,000 | -74.5% | 0.0% |
| Stock Yards Bank & Trust Company | $350,000 | $185,000 | -47.1% | 0.0% |
| The Genoa Banking Company | $185,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $330,000 | $175,000 | -47.0% | 0.0% |
| Fidelity Bank | $225,000 | $175,000 | -22.2% | 0.0% |
| German American Bank | $115,000 | $175,000 | 52.2% | 0.0% |
| TUCKER MORTGAGE, LLC | $65,000 | $175,000 | 169.2% | 0.0% |
| UNITED | $175,000 | n/a | 0.0% | |
| FIRST COLONY MORTGAGE CORPORATION | $165,000 | n/a | 0.0% | |
| Texana Bank | $165,000 | n/a | 0.0% | |
| Wyndham Capital Mortgage, Inc. | $2,045,000 | $165,000 | -91.9% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $155,000 | n/a | 0.0% | |
| GUILD MORTGAGE COMPANY | $155,000 | n/a | 0.0% | |
| Lake City Bank | $155,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $155,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $200,000 | $145,000 | -27.5% | 0.0% |
| Renasant Bank | $190,000 | $145,000 | -23.7% | 0.0% |
| WINGS FINANCIAL | $145,000 | n/a | 0.0% | |
| The Park National Bank | $135,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $115,000 | $125,000 | 8.7% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $125,000 | n/a | 0.0% | |
| First Western Federal Savings Bank | $125,000 | n/a | 0.0% | |
| SOFI LENDING CORP. | $920,000 | $125,000 | -86.4% | 0.0% |
| FINANCIAL CENTER FIRST CREDIT UNION | $115,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $1,545,000 | $115,000 | -92.6% | 0.0% |
| HOMESTEAD FUNDING CORP. | $1,230,000 | $115,000 | -90.7% | 0.0% |
| Jackson County Bank | $265,000 | $115,000 | -56.6% | 0.0% |
| A&D Mortgage LLC | $105,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $105,000 | n/a | 0.0% | |
| University Bank | $105,000 | n/a | 0.0% | |
| FAY SERVICING, LLC | $95,000 | n/a | 0.0% | |
| Iroquois Federal Savings and Loan Association | $1,085,000 | $75,000 | -93.1% | 0.0% |
| INDIANA MEMBERS CREDIT UNION | $425,000 | $65,000 | -84.7% | 0.0% |
| Notre Dame Federal Credit Union Corporation | $65,000 | n/a | 0.0% | |
| M&T Bank | $485,000 | $55,000 | -88.7% | 0.0% |
| USAlliance Federal Credit Union | $45,000 | n/a | 0.0% |
LAFAYETTE - WEST LAFAYETTE's top lender by overall market share is PURDUE FEDERAL CREDIT UNION, with 16.4% market share. In second place, with 6.1%, is RUOFF MORTGAGE COMPANY, INC., having originated $78,250,000 in loans. In third place, with 5.1%, is Merchants Bank of Indiana, having originated $65,675,000 in loans. In fourth place, with 4.2%, is QUICKEN LOANS, LLC, having originated $53,270,000 in loans. In fifth place, with 3.9%, is Capital One, having originated $50,130,000 in loans.
LAFAYETTE - WEST LAFAYETTE Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - LAFAYETTE - WEST LAFAYETTE (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 | $169,900 (10.0%) | $204,585 (4.7%) | 0.63 | 473 |
| 2018-02-01 | $173,225 (8.4%) | $211,029 (6.1%) | 0.63 | 468 |
| 2018-03-01 | $185,000 (-4.3%) | $217,637 (-0.5%) | 0.65 | 446 |
| 2018-04-01 | $202,400 (1.3%) | $234,236 (2.6%) | 0.69 | 456 |
| 2018-05-01 | $199,675 (-2.4%) | $237,154 (3.0%) | 0.67 | 492 |
| 2018-06-01 | $205,450 (6.0%) | $244,034 (5.9%) | 0.69 | 519 |
| 2018-07-01 | $195,450 (3.0%) | $233,700 (5.2%) | 0.65 | 532 |
| 2018-08-01 | $190,475 (5.8%) | $228,034 (3.0%) | 0.64 | 557 |
| 2018-09-01 | $189,900 (2.7%) | $222,373 (-0.7%) | 0.64 | 559 |
| 2018-10-01 | $179,900 (-1.4%) | $216,085 (-3.6%) | 0.61 | 567 |
| 2018-11-01 | $184,250 (2.4%) | $215,264 (-4.3%) | 0.62 | 528 |
| 2018-12-01 | $189,900 (11.8%) | $217,992 (4.1%) | 0.66 | 459 |
| 2019-01-01 | $196,200 (15.5%) | $221,797 (8.4%) | 0.68 | 397 |
| 2019-02-01 | $197,325 (13.9%) | $221,711 (5.1%) | 0.67 | 380 |
| 2019-03-01 | $229,900 (24.3%) | $243,074 (11.7%) | 0.77 | 304 |
| 2019-04-01 | $239,500 (18.3%) | $258,423 (10.3%) | 0.76 | 292 |
| 2019-05-01 | $257,600 (29.0%) | $278,628 (17.5%) | 0.81 | 322 |
| 2019-06-01 | $251,950 (22.6%) | $279,283 (14.4%) | 0.79 | 331 |
| 2019-07-01 | $248,550 (27.2%) | $274,100 (17.3%) | 0.78 | 344 |
| 2019-08-01 | $249,950 (31.2%) | $273,289 (19.9%) | 0.78 | 353 |
| 2019-09-01 | $242,200 (27.5%) | $265,423 (19.4%) | 0.76 | 351 |
| 2019-10-01 | $217,550 (20.9%) | $252,892 (17.0%) | 0.70 | 402 |
| 2019-11-01 | $205,000 (11.3%) | $240,357 (11.7%) | 0.67 | 355 |
| 2019-12-01 | $201,725 (6.2%) | $240,603 (10.4%) | 0.67 | 276 |
| 2020-01-01 | $203,250 (3.6%) | $234,845 (5.9%) | 0.68 | 230 |
| 2020-02-01 | $237,900 (20.6%) | $259,328 (17.0%) | 0.78 | 243 |
| 2020-03-01 | $264,575 (15.1%) | $277,860 (14.3%) | 0.83 | 249 |
| 2020-04-01 | $239,900 (0.2%) | $269,130 (4.1%) | 0.75 | 273 |
| 2020-05-01 | $245,000 (-4.9%) | $279,171 (0.2%) | 0.74 | 261 |
| 2020-06-01 | $264,950 (5.2%) | $295,390 (5.8%) | 0.78 | 223 |
| 2020-07-01 | $252,450 (1.6%) | $293,058 (6.9%) | 0.73 | 227 |
| 2020-08-01 | $259,900 (4.0%) | $306,620 (12.2%) | 0.74 | 230 |
| 2020-09-01 | $249,200 (2.9%) | $295,138 (11.2%) | 0.71 | 235 |
| 2020-10-01 | $249,900 (14.9%) | $297,011 (17.5%) | 0.72 | 217 |
| 2020-11-01 | $245,725 (19.9%) | $289,388 (20.4%) | 0.72 | 185 |
| 2020-12-01 | $223,650 (10.9%) | $280,043 (16.4%) | 0.67 | 155 |
| 2021-01-01 | $199,450 (-1.9%) | $270,500 (15.2%) | 0.60 | 117 |
| 2021-02-01 | $238,200 (0.1%) | $311,609 (20.2%) | 0.69 | 84 |
| 2021-03-01 | $249,225 (-5.8%) | $305,453 (9.9%) | 0.71 | 91 |
| 2021-04-01 | $261,100 (8.8%) | $312,687 (16.2%) | 0.71 | 98 |
| 2021-05-01 | $242,450 (-1.0%) | $310,652 (11.3%) | 0.64 | 114 |
| 2021-06-01 | $223,725 (-15.6%) | $299,157 (1.3%) | 0.59 | 137 |
| 2021-07-01 | $217,450 (-13.9%) | $287,057 (-2.1%) | 0.57 | 167 |
| 2021-08-01 | $205,725 (-20.8%) | $269,250 (-12.2%) | 0.55 | 178 |
| 2021-09-01 | $217,450 (-12.7%) | $270,625 (-8.3%) | 0.58 | 194 |
| 2021-10-01 | $219,000 (-12.4%) | $276,791 (-6.8%) | 0.58 | 196 |
| 2021-11-01 | $227,000 (-7.6%) | $294,344 (1.7%) | 0.61 | 170 |
| 2021-12-01 | $224,950 (0.6%) | $298,387 (6.6%) | 0.61 | 137 |
| 2022-01-01 | $225,000 (12.8%) | $316,250 (16.9%) | 0.61 | 113 |
| 2022-02-01 | $260,950 (9.6%) | $342,153 (9.8%) | 0.68 | 96 |
| 2022-03-01 | $299,750 (20.3%) | $366,672 (20.0%) | 0.75 | 101 |
| 2022-04-01 | $325,000 (24.5%) | $386,505 (23.6%) | 0.77 | 108 |
| 2022-05-01 | $289,925 (19.6%) | $348,772 (12.3%) | 0.66 | 154 |
| 2022-06-01 | $282,400 (26.2%) | $340,625 (13.9%) | 0.63 | 183 |
| 2022-07-01 | $279,900 (28.7%) | $335,627 (16.9%) | 0.63 | 224 |
| 2022-08-01 | $290,000 (41.0%) | $343,695 (27.7%) | 0.67 | 195 |
| 2022-09-01 | $292,000 (34.3%) | $348,471 (28.8%) | 0.68 | 198 |
| 2022-10-01 | $300,000 (37.0%) | $356,339 (28.7%) | 0.71 | 215 |
| 2022-11-01 | $302,950 (33.5%) | $343,429 (16.7%) | 0.73 | 211 |
| 2022-12-01 | $314,900 (40.0%) | $353,687 (18.5%) | 0.78 | 204 |
| 2023-01-01 | $298,450 (32.6%) | $344,316 (8.9%) | 0.74 | 169 |
| 2023-02-01 | $304,900 (16.8%) | $340,912 (-0.4%) | 0.74 | 142 |
| 2023-03-01 | $288,925 (-3.6%) | $343,139 (-6.4%) | 0.68 | 112 |
| 2023-04-01 | $329,000 (1.2%) | $381,785 (-1.2%) | 0.77 | 107 |
LAFAYETTE - WEST LAFAYETTE's median listing price for 2023-04-01 was $329,000, a difference of
$4,000
(1.2%) versus the prior year and
$40,075 versus the prior month.
LAFAYETTE - WEST LAFAYETTE's median listing price comes in at 77% of the national average.
LAFAYETTE - WEST LAFAYETTE's average listing price for 2023-04-01 was $381,785, a difference of $-4,720 (-1.2%) versus the prior year and $38,646 versus the prior month.
For the 2023-04-01 period, LAFAYETTE - WEST LAFAYETTE had 107 MLS listings, a difference of -5 listings (-4%) versus the prior month and -1 listings (-1%) versus the prior year.
LAFAYETTE - WEST LAFAYETTE's median listing price comes in at 77% of the national average.
LAFAYETTE - WEST LAFAYETTE's average listing price for 2023-04-01 was $381,785, a difference of $-4,720 (-1.2%) versus the prior year and $38,646 versus the prior month.
For the 2023-04-01 period, LAFAYETTE - WEST LAFAYETTE had 107 MLS listings, a difference of -5 listings (-4%) versus the prior month and -1 listings (-1%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - LAFAYETTE - WEST LAFAYETTE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 72 days | 1,823 sqft |
| 2018-02-01 | 68 days | 1,882 sqft |
| 2018-03-01 | 47 days | 1,939 sqft |
| 2018-04-01 | 37 days | 2,022 sqft |
| 2018-05-01 | 36 days | 2,013 sqft |
| 2018-06-01 | 38 days | 2,123 sqft |
| 2018-07-01 | 41 days | 2,031 sqft |
| 2018-08-01 | 43 days | 2,023 sqft |
| 2018-09-01 | 50 days | 2,020 sqft |
| 2018-10-01 | 51 days | 1,977 sqft |
| 2018-11-01 | 55 days | 1,949 sqft |
| 2018-12-01 | 66 days | 1,974 sqft |
| 2019-01-01 | 73 days | 1,966 sqft |
| 2019-02-01 | 71 days | 1,908 sqft |
| 2019-03-01 | 54 days | 2,138 sqft |
| 2019-04-01 | 38 days | 2,227 sqft |
| 2019-05-01 | 32 days | 2,281 sqft |
| 2019-06-01 | 37 days | 2,218 sqft |
| 2019-07-01 | 43 days | 2,219 sqft |
| 2019-08-01 | 50 days | 2,291 sqft |
| 2019-09-01 | 59 days | 2,241 sqft |
| 2019-10-01 | 47 days | 2,124 sqft |
| 2019-11-01 | 54 days | 2,000 sqft |
| 2019-12-01 | 67 days | 1,913 sqft |
| 2020-01-01 | 68 days | 1,902 sqft |
| 2020-02-01 | 39 days | 2,034 sqft |
| 2020-03-01 | 38 days | 2,122 sqft |
| 2020-04-01 | 42 days | 2,031 sqft |
| 2020-05-01 | 53 days | 2,127 sqft |
| 2020-06-01 | 49 days | 2,218 sqft |
| 2020-07-01 | 44 days | 2,251 sqft |
| 2020-08-01 | 39 days | 2,246 sqft |
| 2020-09-01 | 36 days | 2,042 sqft |
| 2020-10-01 | 36 days | 2,034 sqft |
| 2020-11-01 | 44 days | 2,027 sqft |
| 2020-12-01 | 46 days | 2,000 sqft |
| 2021-01-01 | 51 days | 1,886 sqft |
| 2021-02-01 | 49 days | 2,067 sqft |
| 2021-03-01 | 25 days | 2,056 sqft |
| 2021-04-01 | 17 days | 2,120 sqft |
| 2021-05-01 | 16 days | 2,008 sqft |
| 2021-06-01 | 17 days | 1,960 sqft |
| 2021-07-01 | 23 days | 1,881 sqft |
| 2021-08-01 | 26 days | 1,841 sqft |
| 2021-09-01 | 23 days | 1,810 sqft |
| 2021-10-01 | 29 days | 1,784 sqft |
| 2021-11-01 | 32 days | 1,846 sqft |
| 2021-12-01 | 41 days | 1,852 sqft |
| 2022-01-01 | 47 days | 1,801 sqft |
| 2022-02-01 | 46 days | 1,827 sqft |
| 2022-03-01 | 29 days | 2,030 sqft |
| 2022-04-01 | 23 days | 2,182 sqft |
| 2022-05-01 | 14 days | 2,121 sqft |
| 2022-06-01 | 21 days | 2,025 sqft |
| 2022-07-01 | 23 days | 2,048 sqft |
| 2022-08-01 | 34 days | 2,077 sqft |
| 2022-09-01 | 32 days | 2,064 sqft |
| 2022-10-01 | 36 days | 2,055 sqft |
| 2022-11-01 | 44 days | 2,073 sqft |
| 2022-12-01 | 54 days | 2,108 sqft |
| 2023-01-01 | 60 days | 2,040 sqft |
| 2023-02-01 | 59 days | 2,033 sqft |
| 2023-03-01 | 39 days | 2,017 sqft |
| 2023-04-01 | 25 days | 2,036 sqft |
LAFAYETTE - WEST LAFAYETTE's median listing age (time on market) for 2023-04-01 was 25 days.
This
is 9%
longer
than the same period one year ago.
LAFAYETTE - WEST LAFAYETTE's median square footage for active listings during the 2023-04-01 period was 2,036 sqft. One year prior, the average listing was 2,182 sqft.
LAFAYETTE - WEST LAFAYETTE's median square footage for active listings during the 2023-04-01 period was 2,036 sqft. One year prior, the average listing was 2,182 sqft.
LAFAYETTE-WEST LAFAYETTE, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,008 | $784,020,000 | $260,645 |
| Cash Out Refi | 1,039 | $173,155,000 | $166,655 |
| Refi | 769 | $223,145,000 | $290,176 |
| Home Improvement | 602 | $49,550,000 | $82,309 |
| Other | 424 | $45,600,000 | $107,547 |
Lafayette - West Lafayette's most frequently cited loan purpose was Home Purchase, with 3,008 originations. The 2nd most popular reason was Cash Out Refi, with 1,039 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1,615 | $311,335,000 | $192,777 |
| 4-5% | 1,233 | $311,875,000 | $252,940 |
| 3-4% | 1,155 | $281,265,000 | $243,519 |
| 6-7% | 777 | $138,795,000 | $178,629 |
| 7-8% | 314 | $46,670,000 | $148,631 |
| <2.5% | 278 | $34,660,000 | $124,676 |
| 2.5-3% | 266 | $73,030,000 | $274,549 |
| Over 8% | 110 | $7,040,000 | $64,000 |
During 2022, Lafayette - West Lafayette's most frequently originated rate bucket was 5-6%, with 1,615 originations.
Loan Sizing (LAFAYETTE-WEST LAFAYETTE, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 2,181 | $321,965,000 | $147,623 |
| $200k-400k | 1,708 | $464,930,000 | $272,207 |
| $100,000 or less | 1,620 | $91,080,000 | $56,222 |
| $400k-600k | 236 | $110,710,000 | $469,110 |
| $600k-1000k | 59 | $42,185,000 | $715,000 |
| $Over $1MM | 38 | $244,600,000 | $6,436,842 |
LAFAYETTE - WEST LAFAYETTE's loan sizing saw the bucket of loans from $100k-200k with 2,181 originations, totaling $321,965,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,969 | $473,495,000 | $240,475 |
| 60-80% | 1,583 | $527,985,000 | $333,534 |
| 20-40% | 708 | $65,540,000 | $92,571 |
| 40-60% | 681 | $122,075,000 | $179,258 |
| Under 20% | 638 | $24,290,000 | $38,072 |
| Over 100% | 45 | $14,555,000 | $323,444 |
LAFAYETTE - WEST LAFAYETTE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,969 originations, totaling $473,495,000 in origination value.