LIMA Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Lima averaged
6.69%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.12% and
one month ago for the week of 2025-05-15, the
average rate was 6.79%.
Lima's average rate one year ago was 7.23%.
For refis of the same type during the week of 2025-06-18, the average rate
was 8.66%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Lima 30 Year Fixed Rate | 2025-06-18 | 6.69% |
| Lima 30 Year Fixed Rate Refi | 2025-06-18 | 8.66% |
| Lima 15 Year Fixed Rate | 2025-06-18 | 6.86% |
| Lima 15 Year Fixed Rate Refi | 2025-06-18 | 5.96% |
| Lima 30 Year FHA | 2025-06-18 | 0.12% |
| Lima 30 Year FHA Refi | 2025-06-18 | -0.2% |
| Lima 30 Year USDA | 2025-06-18 | 0.1% |
| Lima 30 Year USDA Refi | 2025-06-18 | 0.1% |
| Lima 30 Year VA | 2025-06-18 | 0% |
| Lima 30 Year VA Refi | 2025-06-18 | 0.1% |
LIMA 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 LIMA, OH 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.).
LIMA Average Closing Costs & Other Stats
LIMA, OH's 75 lenders originated 2,035
loans during 2024. The total origination value was $322,575,000, with an average loan value of
$158,514.
LIMA's average closing costs are $4,035.
The top LIMA lender as defined by loan originations is Superior Credit Union, Inc., with
137 loans originated. Their average total fees are
$3,501, which is $118
higher than the next largest lender,
The Citizens National Bank of Bluffton.
The lowest fee LIMA lenders (with over 10 loans originated) are
U.S. Bank ($3,222), JPMorgan Chase Bank ($3,310), The Citizens National Bank of Bluffton ($3,383), Superior Credit Union, Inc. ($3,501) and Fifth Third Bank ($3,646).
The lowest rate LIMA lenders (with over 10 loans originated) are
GUARANTEED RATE, INC. (6.56%), The State Bank and Trust Company (6.58%), QUICKEN LOANS, LLC (6.62%), Superior Credit Union, Inc. (6.67%) and The Citizens National Bank of Bluffton (6.79%).
LIMA, OH 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 |
|---|---|---|---|---|
| Superior Credit Union, Inc. | $61,770,000 | $71,420,000 | 15.6% | 22.1% |
| The Union Bank Company | $13,345,000 | $19,350,000 | 45.0% | 6.0% |
| The Citizens National Bank of Bluffton | $16,535,000 | $15,065,000 | -8.9% | 4.7% |
| QUICKEN LOANS, LLC | $9,705,000 | $13,700,000 | 41.2% | 4.2% |
| The Huntington National Bank | $8,845,000 | $11,970,000 | 35.3% | 3.7% |
| The First National Bank of Pandora | $6,425,000 | $11,560,000 | 79.9% | 3.6% |
| WALKER & DUNLOP, LLC | $10,965,000 | n/a | 3.4% | |
| The Federal Savings Bank | $1,525,000 | $9,535,000 | 525.2% | 3.0% |
| The State Bank and Trust Company | $9,220,000 | $8,120,000 | -11.9% | 2.5% |
| SUPERIOR FINANCIAL SOLUTIONS, LLC | $9,485,000 | $8,105,000 | -14.5% | 2.5% |
| ORIX REAL ESTATE CAPITAL, LLC | $8,055,000 | n/a | 2.5% | |
| LOANDEPOT.COM, LLC | $11,030,000 | $7,695,000 | -30.2% | 2.4% |
| Mortgage Research Center, LLC | $6,620,000 | $7,370,000 | 11.3% | 2.3% |
| First Federal Bank of the Midwest | $7,180,000 | $7,165,000 | -0.2% | 2.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $6,495,000 | $6,800,000 | 4.7% | 2.1% |
| NORTHMARQ CAPITAL FINANCE, L.L.C. | $6,580,000 | $6,055,000 | -8.0% | 1.9% |
| Fifth Third Bank | $5,145,000 | $4,710,000 | -8.5% | 1.5% |
| The Richwood Banking Company | $1,010,000 | $4,500,000 | 345.5% | 1.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,370,000 | $3,975,000 | 67.7% | 1.2% |
| GUARANTEED RATE, INC. | $2,400,000 | $3,870,000 | 61.3% | 1.2% |
| JPMorgan Chase Bank | $4,070,000 | $3,845,000 | -5.5% | 1.2% |
| U.S. Bank | $3,715,000 | $3,575,000 | -3.8% | 1.1% |
| PENNYMAC LOAN SERVICES, LLC | $875,000 | $3,100,000 | 254.3% | 1.0% |
| HOMESIDE FINANCIAL, LLC | $840,000 | $3,045,000 | 262.5% | 0.9% |
| Carrington Mortgage Services, LLC | $1,945,000 | $2,765,000 | 42.2% | 0.9% |
| LENDINGHOME FUNDING CORPORATION | $425,000 | $2,420,000 | 469.4% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $950,000 | $2,355,000 | 147.9% | 0.7% |
| Minster Bank | $760,000 | $1,995,000 | 162.5% | 0.6% |
| 21ST MORTGAGE CORPORATION | $560,000 | $1,935,000 | 245.5% | 0.6% |
| PLAZA HOME MORTGAGE, INC. | $1,920,000 | n/a | 0.6% | |
| BROKER SOLUTIONS, INC. | $880,000 | $1,770,000 | 101.1% | 0.5% |
| GENEVA FINANCIAL, LLC | $1,200,000 | $1,705,000 | 42.1% | 0.5% |
| Farm Credit Mid-America, ACA | $1,080,000 | $1,570,000 | 45.4% | 0.5% |
| MYCUMORTGAGE, LLC | $3,050,000 | $1,520,000 | -50.2% | 0.5% |
| UNION HOME MORTGAGE CORP. | $2,850,000 | $1,455,000 | -48.9% | 0.5% |
| NEWREZ LLC | $960,000 | $1,275,000 | 32.8% | 0.4% |
| Servion, Inc. | $4,170,000 | $1,235,000 | -70.4% | 0.4% |
| First Financial Bank | $825,000 | $1,230,000 | 49.1% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $1,920,000 | $1,200,000 | -37.5% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $370,000 | $1,160,000 | 213.5% | 0.4% |
| NEW DAY FINANCIAL, LLC | $245,000 | $1,115,000 | 355.1% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $575,000 | $1,075,000 | 87.0% | 0.3% |
| ZILLOW HOME LOANS, LLC | $1,000,000 | n/a | 0.3% | |
| RUOFF MORTGAGE COMPANY, INC. | $885,000 | $995,000 | 12.4% | 0.3% |
| AG Credit, Agricultural Credit Association | $770,000 | $825,000 | 7.1% | 0.3% |
| HONDA Federal Credit Union | $1,210,000 | $720,000 | -40.5% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $680,000 | n/a | 0.2% | |
| T2 FINANCIAL LLC | $105,000 | $680,000 | 547.6% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $280,000 | $675,000 | 141.1% | 0.2% |
| Citizens Bank | $755,000 | $670,000 | -11.3% | 0.2% |
| The Middlefield Banking Company | $3,060,000 | $645,000 | -78.9% | 0.2% |
| GUARANTEED RATE AFFINITY, LLC | $635,000 | n/a | 0.2% | |
| Bank of America | $505,000 | $610,000 | 20.8% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $455,000 | $585,000 | 28.6% | 0.2% |
| SUN WEST MORTGAGE COMPANY, INC. | $570,000 | n/a | 0.2% | |
| Cf Bank | $555,000 | n/a | 0.2% | |
| Discover Bank | $495,000 | $530,000 | 7.1% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $705,000 | $520,000 | -26.2% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $280,000 | $510,000 | 82.1% | 0.2% |
| Coastal Community Bank | $170,000 | $495,000 | 191.2% | 0.2% |
| SIRVA MORTGAGE, INC. | $470,000 | n/a | 0.1% | |
| Figure Lending LLC | $150,000 | $465,000 | 210.0% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $510,000 | $465,000 | -8.8% | 0.1% |
| Civista Bank | $115,000 | $455,000 | 295.7% | 0.1% |
| RBC Bank, (Georgia) | $115,000 | $455,000 | 295.7% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $240,000 | $430,000 | 79.2% | 0.1% |
| First Bank of Berne | $205,000 | $425,000 | 107.3% | 0.1% |
| Old National Bank | $425,000 | n/a | 0.1% | |
| KEMBA FINANCIAL | $15,000 | $420,000 | 2,700.0% | 0.1% |
| LIBERTY HOME MORTGAGE CORPORATION | $420,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $410,000 | n/a | 0.1% | |
| Three Rivers Federal Credit Union | $25,000 | $380,000 | 1,420.0% | 0.1% |
| CLEARPATH LENDING | $370,000 | n/a | 0.1% | |
| AMERICAN HERITAGE LENDING, INC. | $360,000 | n/a | 0.1% | |
| Farmers Bank & Trust | $355,000 | n/a | 0.1% | |
| The Farmers National Bank of Canfield | $345,000 | n/a | 0.1% | |
| DIGITAL Federal Credit Union | $335,000 | n/a | 0.1% | |
| PNC Bank | $405,000 | $330,000 | -18.5% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $410,000 | $330,000 | -19.5% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $1,010,000 | $325,000 | -67.8% | 0.1% |
| MICHIGAN MUTUAL, INC. | $225,000 | $320,000 | 42.2% | 0.1% |
| Union Savings Bank | $725,000 | $320,000 | -55.9% | 0.1% |
| Armed Forces Bank | $305,000 | n/a | 0.1% | |
| DEEPHAVEN MORTGAGE LLC | $295,000 | n/a | 0.1% | |
| HALLMARK HOME MORTGAGE, LLC | $295,000 | n/a | 0.1% | |
| MORTGAGE ACCESS CORP. | $355,000 | $295,000 | -16.9% | 0.1% |
| BETTER MORTGAGE CORPORATION | $285,000 | n/a | 0.1% | |
| First State Bank of St. Charles, Missouri | $285,000 | n/a | 0.1% | |
| CARDINAL FINANCIAL | $95,000 | $280,000 | 194.7% | 0.1% |
| TOWNE MORTGAGE COMPANY | $175,000 | $265,000 | 51.4% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $245,000 | $250,000 | 2.0% | 0.1% |
| BAY-VALLEY MORTGAGE GROUP | $245,000 | n/a | 0.1% | |
| M&T Bank | $245,000 | n/a | 0.1% | |
| WRIGHT-PATT CREDIT UNION, INC. | $385,000 | $235,000 | -39.0% | 0.1% |
| Prosperity Home Mortgage, LLC | $195,000 | $225,000 | 15.4% | 0.1% |
| NORTHERN MORTGAGE SERVICES, LLC | $220,000 | n/a | 0.1% | |
| DAS Acquisition Company, LLC | $330,000 | $215,000 | -34.8% | 0.1% |
| First Federal Savings and Loan Association of Lakewood | $215,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $780,000 | $215,000 | -72.4% | 0.1% |
| NBKC BANK | $335,000 | $215,000 | -35.8% | 0.1% |
| LOANPAL, LLC | $135,000 | $210,000 | 55.6% | 0.1% |
| Nations Lending Corporation | $205,000 | $205,000 | 0.0% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $260,000 | $205,000 | -21.2% | 0.1% |
| STOCKTON MORTGAGE CORPORATION | $205,000 | n/a | 0.1% | |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $185,000 | n/a | 0.1% | |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $530,000 | $180,000 | -66.0% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $710,000 | $180,000 | -74.6% | 0.1% |
| Ixonia Bank | $175,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $165,000 | n/a | 0.1% | |
| Fidelity Federal Savings and Loan Association | $660,000 | $165,000 | -75.0% | 0.1% |
| Wells Fargo Bank | $470,000 | $165,000 | -64.9% | 0.1% |
| INTERCOASTAL MORTGAGE COMPANY | $155,000 | n/a | 0.0% | |
| Lake City Bank | $155,000 | n/a | 0.0% | |
| Monroe Federal Savings and Loan Association | $155,000 | n/a | 0.0% | |
| Bankers' Bank | $145,000 | n/a | 0.0% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $145,000 | n/a | 0.0% | |
| TJC Mortgage, Inc. | $145,000 | n/a | 0.0% | |
| ENDEAVOR CAPITAL, LLC. | $525,000 | $135,000 | -74.3% | 0.0% |
| Equity Prime Mortgage LLC | $135,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $135,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $135,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $385,000 | $135,000 | -64.9% | 0.0% |
| TLC COMMUNITY Credit Union | $135,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $125,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $125,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $125,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $510,000 | $125,000 | -75.5% | 0.0% |
| Merchants Mortgage & Trust Corporation | $125,000 | n/a | 0.0% | |
| The Farmers & Merchants State Bank | $125,000 | n/a | 0.0% | |
| The Park National Bank | $690,000 | $120,000 | -82.6% | 0.0% |
| First Federal Savings and Loan Association | $115,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $160,000 | $105,000 | -34.4% | 0.0% |
| THRIVENT Federal Credit Union | $105,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $225,000 | $100,000 | -55.6% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $45,000 | $85,000 | 88.9% | 0.0% |
| UIF CORPORATION | $75,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $65,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $65,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $175,000 | $55,000 | -68.6% | 0.0% |
| EVANSVILLE TEACHERS | $55,000 | n/a | 0.0% | |
| KeyBank | $125,000 | $55,000 | -56.0% | 0.0% |
| CME Federal Credit Union | $35,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $35,000 | $35,000 | 0.0% | 0.0% |
| MidFirst Bank | $35,000 | n/a | 0.0% |
LIMA's top lender by overall market share is Superior Credit Union, Inc., with 22.1% market share. In second place, with 6.0%, is The Union Bank Company, having originated $19,350,000 in loans. In third place, with 4.7%, is The Citizens National Bank of Bluffton, having originated $15,065,000 in loans. In fourth place, with 4.2%, is QUICKEN LOANS, LLC, having originated $13,700,000 in loans. In fifth place, with 3.7%, is The Huntington National Bank, having originated $11,970,000 in loans.
LIMA, OH Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,112 | $230,060,000 | $206,888 |
| Home Improvement | 269 | $16,095,000 | $59,833 |
| Refi | 237 | $29,205,000 | $123,228 |
| Other | 236 | $16,120,000 | $68,305 |
| Cash Out Refi | 181 | $31,095,000 | $171,796 |
Lima's most frequently cited loan purpose was Home Purchase, with 1,112 originations. The 2nd most popular reason was Home Improvement, with 269 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 792 | $138,290,000 | $174,609 |
| 7-8% | 547 | $88,525,000 | $161,837 |
| Over 8% | 429 | $30,325,000 | $70,688 |
| 5-6% | 163 | $50,785,000 | $311,564 |
| <2.5% | 25 | $365,000 | $14,600 |
| 4-5% | 10 | $1,460,000 | $146,000 |
| 3-4% | 1 | $145,000 | $145,000 |
During 2024, Lima's most frequently originated rate bucket was 6-7%, with 792 originations.
Loan Sizing (LIMA, OH MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 887 | $45,545,000 | $51,347 |
| $100k-200k | 697 | $101,735,000 | $145,961 |
| $200k-400k | 386 | $101,000,000 | $261,658 |
| $400k-600k | 41 | $19,135,000 | $466,707 |
| $Over $1MM | 13 | $46,905,000 | $3,608,077 |
| $600k-1000k | 11 | $8,255,000 | $750,455 |
LIMA's loan sizing saw the bucket of loans from $100,000 or less with 887 originations, totaling $45,545,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 733 | $134,405,000 | $183,363 |
| 60-80% | 415 | $99,355,000 | $239,410 |
| 20-40% | 325 | $25,485,000 | $78,415 |
| Under 20% | 239 | $7,695,000 | $32,197 |
| 40-60% | 214 | $25,790,000 | $120,514 |
| Over 100% | 14 | $10,760,000 | $768,571 |
LIMA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 733 originations, totaling $134,405,000 in origination value.