Logansport Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Logansport averaged
7.11%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7.04% and
one month ago for the week of 2023-02-09, the
average rate was 6.33%.
Logansport's average rate one year ago was 4.03%.
For refis of the same type during the week of 2023-03-16, the average rate
was 7.05%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Logansport 30 Year Fixed Rate | 2023-03-16 | 7.11% |
Logansport 30 Year Fixed Rate Refi | 2023-03-16 | 7.05% |
Logansport 15 Year Fixed Rate | 2023-03-16 | 6.26% |
Logansport 15 Year Fixed Rate Refi | 2023-03-16 | 6.25% |
Logansport 30 Year FHA | 2023-03-16 | 6.68% |
Logansport 30 Year FHA Refi | 2023-03-16 | 6.23% |
Logansport 30 Year USDA | 2023-03-16 | 6.38% |
Logansport 30 Year USDA Refi | 2023-03-16 | 6.24% |
Logansport 30 Year VA | 2023-03-16 | 6.59% |
Logansport 30 Year VA Refi | 2023-03-16 | 5.96% |
Logansport 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 Logansport, 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.).
Logansport Average Closing Costs & Other Stats
Logansport, IN's 51 lenders originated 729
loans during 2022. The total origination value was $93,675,000, with an average loan value of
$128,498.
Logansport's average closing costs are $3,017.
The top Logansport lender as defined by loan originations is Security Federal Savings Bank, with
69 loans originated. Their average total fees are
$2,000, which is $120
higher than the next largest lender,
First Farmers Bank and Trust Company.
The lowest fee Logansport lenders (with over 10 loans originated) are
First Farmers Bank and Trust Company ($1,880), Security Federal Savings Bank ($2,000), BEACON CREDIT UNION ($2,037), RUOFF MORTGAGE COMPANY, INC. ($2,330) and MOVEMENT MORTGAGE, LLC ($4,119).
The lowest rate Logansport lenders (with over 10 loans originated) are
BEACON CREDIT UNION (4.92%), RUOFF MORTGAGE COMPANY, INC. (5.10%), QUICKEN LOANS, LLC (5.20%), Hometown Lenders, Inc. (5.28%) and Security Federal Savings Bank (5.31%).
Logansport, 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 |
---|---|---|---|---|
Security Federal Savings Bank | $19,665,000 | $16,975,000 | -13.7% | 18.1% |
RUOFF MORTGAGE COMPANY, INC. | $24,195,000 | $7,790,000 | -67.8% | 8.3% |
First Merchants Bank | $1,120,000 | $5,125,000 | 357.6% | 5.5% |
PLAZA HOME MORTGAGE, INC. | $4,810,000 | $4,280,000 | -11.0% | 4.6% |
First Farmers Bank and Trust Company | $7,955,000 | $4,170,000 | -47.6% | 4.5% |
MOVEMENT MORTGAGE, LLC | $4,115,000 | n/a | 4.4% | |
QUICKEN LOANS, LLC | $6,790,000 | $4,030,000 | -40.6% | 4.3% |
Horizon Bank | $3,810,000 | $3,175,000 | -16.7% | 3.4% |
First Federal Savings Bank | $2,515,000 | $3,030,000 | 20.5% | 3.2% |
PNC Bank | $1,510,000 | $2,735,000 | 81.1% | 2.9% |
BEACON CREDIT UNION | $3,645,000 | $2,695,000 | -26.1% | 2.9% |
Hometown Lenders, Inc. | $290,000 | $2,590,000 | 793.1% | 2.8% |
Community First Bank of Indiana | $310,000 | $1,950,000 | 529.0% | 2.1% |
The Huntington National Bank | $510,000 | $1,700,000 | 233.3% | 1.8% |
Mortgage Research Center, LLC | $1,665,000 | $1,500,000 | -9.9% | 1.6% |
Solidarity Community Federal Credit Union | $1,790,000 | $1,460,000 | -18.4% | 1.6% |
Mr. Cooper ( Nationstar Mortgage ) | $840,000 | $1,440,000 | 71.4% | 1.5% |
GVC MORTGAGE, INC. | $1,465,000 | $1,230,000 | -16.0% | 1.3% |
PENNYMAC LOAN SERVICES, LLC | $1,125,000 | $1,165,000 | 3.6% | 1.2% |
STOCKTON MORTGAGE CORPORATION | $615,000 | $1,100,000 | 78.9% | 1.2% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $200,000 | $940,000 | 370.0% | 1.0% |
AMERISAVE MORTGAGE CORPORATION | $310,000 | $880,000 | 183.9% | 0.9% |
LOANDEPOT.COM, LLC | $545,000 | $880,000 | 61.5% | 0.9% |
CALIBER HOME LOANS, INC. | $995,000 | $875,000 | -12.1% | 0.9% |
UNITED WHOLESALE MORTGAGE, LLC | $420,000 | $865,000 | 106.0% | 0.9% |
BROKER SOLUTIONS, INC. | $340,000 | $785,000 | 130.9% | 0.8% |
Farm Credit Mid-America, ACA | $730,000 | $705,000 | -3.4% | 0.8% |
Fifth Third Bank | $435,000 | $615,000 | 41.4% | 0.7% |
NAVY FEDERAL CREDIT UNION | $215,000 | $600,000 | 179.1% | 0.6% |
Regions Bank | $835,000 | $545,000 | -34.7% | 0.6% |
PANORAMA MORTGAGE GROUP, LLC | $455,000 | $540,000 | 18.7% | 0.6% |
ROYAL UNITED MORTGAGE LLC | $310,000 | $500,000 | 61.3% | 0.5% |
Crossroads Bank | $540,000 | $490,000 | -9.3% | 0.5% |
1st Source Bank | $455,000 | $435,000 | -4.4% | 0.5% |
JPMorgan Chase Bank | $600,000 | $420,000 | -30.0% | 0.4% |
TRIAD FINANCIAL SERVICES, INC. | $400,000 | n/a | 0.4% | |
USAA Federal Savings Bank | $505,000 | $390,000 | -22.8% | 0.4% |
The Farmers Bank, Frankfort, Indiana | $385,000 | n/a | 0.4% | |
LAKEVIEW LOAN SERVICING, LLC | $155,000 | $365,000 | 135.5% | 0.4% |
HALLMARK HOME MORTGAGE, LLC | $145,000 | $330,000 | 127.6% | 0.4% |
Lake City Bank | $145,000 | $330,000 | 127.6% | 0.4% |
FINANCIAL BUILDERS Federal Credit Union | $395,000 | $320,000 | -19.0% | 0.3% |
HOMESIDE FINANCIAL, LLC | $300,000 | n/a | 0.3% | |
FIRST CENTENNIAL MORTGAGE CORPORATION | $295,000 | n/a | 0.3% | |
DIRECT MORTGAGE LOANS, LLC | $290,000 | n/a | 0.3% | |
NEW DAY FINANCIAL, LLC | $225,000 | $285,000 | 26.7% | 0.3% |
TECH Credit Union | $275,000 | n/a | 0.3% | |
AMERIFIRST FINANCIAL CORPORATION | $735,000 | $265,000 | -63.9% | 0.3% |
Flagstar Bank, FSB | $430,000 | $265,000 | -38.4% | 0.3% |
LEADERONE FINANCIAL CORPORATION | $1,305,000 | $255,000 | -80.5% | 0.3% |
INLANTA MORTGAGE, INC. | $245,000 | n/a | 0.3% | |
TUCKER MORTGAGE, LLC | $245,000 | n/a | 0.3% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $155,000 | $240,000 | 54.8% | 0.3% |
Old National Bank | $475,000 | $225,000 | -52.6% | 0.2% |
North American Savings Bank, F.S.B. | $195,000 | n/a | 0.2% | |
POLARIS HOME FUNDING CORP. | $245,000 | $195,000 | -20.4% | 0.2% |
NEWREZ LLC | $210,000 | $190,000 | -9.5% | 0.2% |
FINANCE OF AMERICA MORTGAGE LLC | $185,000 | n/a | 0.2% | |
U.S. Bank | $185,000 | n/a | 0.2% | |
Carrington Mortgage Services, LLC | $345,000 | $180,000 | -47.8% | 0.2% |
First Financial Bank | $75,000 | $180,000 | 140.0% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $320,000 | $180,000 | -43.8% | 0.2% |
First Federal Bank | $175,000 | n/a | 0.2% | |
Centier Bank | $200,000 | $170,000 | -15.0% | 0.2% |
Chicago Financial Services, Inc. | $165,000 | n/a | 0.2% | |
Stock Yards Bank & Trust Company | $165,000 | n/a | 0.2% | |
AMERICAN MORTGAGE SERVICE COMPANY | $1,160,000 | $155,000 | -86.6% | 0.2% |
Loan Simple, Inc. | $155,000 | n/a | 0.2% | |
Northpointe Bank | $145,000 | n/a | 0.2% | |
Prosperity Home Mortgage, LLC | $145,000 | n/a | 0.2% | |
UNION SQUARE | $145,000 | n/a | 0.2% | |
FORUM Credit Union | $145,000 | $130,000 | -10.3% | 0.1% |
FLAT BRANCH MORTGAGE, INC. | $125,000 | n/a | 0.1% | |
STAR Financial Bank | $555,000 | $115,000 | -79.3% | 0.1% |
Three Rivers Federal Credit Union | $115,000 | n/a | 0.1% | |
PURDUE FEDERAL CREDIT UNION | $305,000 | $110,000 | -63.9% | 0.1% |
EMBRACE HOME LOANS, INC. | $105,000 | n/a | 0.1% | |
FAY SERVICING, LLC | $105,000 | n/a | 0.1% | |
RELIANCE FIRST CAPITAL, LLC | $105,000 | n/a | 0.1% | |
Barrington Bank & Trust Company, N.A. | $180,000 | $95,000 | -47.2% | 0.1% |
NATIONS RELIABLE LENDING, LLC | $95,000 | n/a | 0.1% | |
OPEN MORTGAGE, LLC | $95,000 | n/a | 0.1% | |
PHH Mortgage Corporation | $95,000 | n/a | 0.1% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $95,000 | n/a | 0.1% | |
FINANCIAL CENTER FIRST CREDIT UNION | $95,000 | $90,000 | -5.3% | 0.1% |
PARTNERS 1ST Federal Credit Union | $90,000 | n/a | 0.1% | |
The Fountain Trust Company | $1,030,000 | $90,000 | -91.3% | 0.1% |
Discover Bank | $175,000 | $85,000 | -51.4% | 0.1% |
SUCCESS MORTGAGE PARTNERS, INC. | $75,000 | $85,000 | 13.3% | 0.1% |
21ST MORTGAGE CORPORATION | $65,000 | $80,000 | 23.1% | 0.1% |
Wells Fargo Bank | $490,000 | $75,000 | -84.7% | 0.1% |
AMERICAN ADVISORS GROUP | $65,000 | n/a | 0.1% | |
Bank of America | $465,000 | $65,000 | -86.0% | 0.1% |
CROSSCOUNTRY MORTGAGE, LLC | $65,000 | n/a | 0.1% | |
BMO Harris Bank | $55,000 | n/a | 0.1% | |
First Bank of Berne | $55,000 | n/a | 0.1% | |
SPRING EQ, LLC | $55,000 | n/a | 0.1% | |
TEACHERS CREDIT UNION | $445,000 | $55,000 | -87.6% | 0.1% |
Industrial Federal Credit Union | $25,000 | $50,000 | 100.0% | 0.1% |
MID AMERICA MORTGAGE, INC. | $185,000 | $45,000 | -75.7% | 0.0% |
Alliance Bank | $100,000 | $35,000 | -65.0% | 0.0% |
Citizens Bank | $35,000 | n/a | 0.0% | |
Figure Lending LLC | $15,000 | n/a | 0.0% |
Logansport's top lender by overall market share is Security Federal Savings Bank, with 18.1% market share. In second place, with 8.3%, is RUOFF MORTGAGE COMPANY, INC., having originated $7,790,000 in loans. In third place, with 5.5%, is First Merchants Bank, having originated $5,125,000 in loans. In fourth place, with 4.6%, is PLAZA HOME MORTGAGE, INC., having originated $4,280,000 in loans. In fifth place, with 4.5%, is First Farmers Bank and Trust Company, having originated $4,170,000 in loans.
Logansport Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Logansport (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $75,000 (21.0%) | $94,082 (21.3%) | 0.00 | 114 |
2018-02-01 | $75,475 (18.3%) | $94,000 (18.0%) | 0.00 | 115 |
2018-03-01 | $75,000 (11.1%) | $94,911 (13.5%) | 0.00 | 93 |
2018-04-01 | $83,000 (20.3%) | $98,780 (12.7%) | 0.00 | 105 |
2018-05-01 | $83,950 (16.0%) | $102,621 (13.4%) | 0.00 | 110 |
2018-06-01 | $87,700 (16.2%) | $108,295 (14.1%) | 0.00 | 116 |
2018-07-01 | $86,500 (10.3%) | $114,658 (14.9%) | 0.00 | 120 |
2018-08-01 | $84,950 (5.0%) | $116,056 (9.8%) | 0.00 | 120 |
2018-09-01 | $84,950 (0.1%) | $113,914 (1.6%) | 0.00 | 123 |
2018-10-01 | $80,900 (-0.1%) | $116,009 (7.1%) | 0.00 | 108 |
2018-11-01 | $79,000 (5.3%) | $107,467 (5.9%) | 0.00 | 110 |
2018-12-01 | $79,900 (3.9%) | $123,900 (27.3%) | 0.00 | 103 |
2019-01-01 | $83,725 (11.6%) | $121,536 (29.2%) | 0.00 | 99 |
2019-02-01 | $86,175 (14.2%) | $127,099 (35.2%) | 0.00 | 92 |
2019-03-01 | $95,857 (27.8%) | $138,893 (46.3%) | 0.00 | 86 |
2019-04-01 | $109,950 (32.5%) | $150,201 (52.1%) | 0.00 | 81 |
2019-05-01 | $106,475 (26.8%) | $146,455 (42.7%) | 0.00 | 80 |
2019-06-01 | $109,450 (24.8%) | $143,308 (32.3%) | 0.00 | 67 |
2019-07-01 | $109,000 (26.0%) | $137,543 (20.0%) | 0.00 | 81 |
2019-08-01 | $108,455 (27.7%) | $135,649 (16.9%) | 0.00 | 83 |
2019-09-01 | $107,636 (26.7%) | $129,846 (14.0%) | 0.00 | 93 |
2019-10-01 | $107,091 (32.4%) | $126,491 (9.0%) | 0.00 | 101 |
2019-11-01 | $97,000 (22.8%) | $121,650 (13.2%) | 0.00 | 101 |
2019-12-01 | $94,975 (18.9%) | $119,435 (-3.6%) | 0.00 | 95 |
2020-01-01 | $90,450 (8.0%) | $113,639 (-6.5%) | 0.00 | 91 |
2020-02-01 | $84,400 (-2.1%) | $108,062 (-15.0%) | 0.00 | 80 |
2020-03-01 | $85,950 (-10.3%) | $112,287 (-19.2%) | 0.00 | 78 |
2020-04-01 | $87,000 (-20.9%) | $115,466 (-23.1%) | 0.00 | 71 |
2020-05-01 | $88,900 (-16.5%) | $112,532 (-23.2%) | 0.00 | 48 |
2020-06-01 | $82,325 (-24.8%) | $117,010 (-18.4%) | 0.00 | 49 |
2020-07-01 | $107,950 (-1.0%) | $132,291 (-3.8%) | 0.00 | 49 |
2020-08-01 | $125,000 (15.3%) | $139,054 (2.5%) | 0.00 | 47 |
2020-09-01 | $123,700 (14.9%) | $142,985 (10.1%) | 0.00 | 45 |
2020-10-01 | $125,000 (16.7%) | $145,869 (15.3%) | 0.00 | 43 |
2020-11-01 | $152,650 (57.4%) | $161,343 (32.6%) | 0.00 | 45 |
2020-12-01 | $140,000 (47.4%) | $159,522 (33.6%) | 0.00 | 42 |
2021-01-01 | $112,000 (23.8%) | $141,269 (24.3%) | 0.00 | 38 |
2021-02-01 | $96,400 (14.2%) | $129,516 (19.9%) | 0.00 | 31 |
2021-03-01 | $81,150 (-5.6%) | $117,003 (4.2%) | 0.00 | 32 |
2021-04-01 | $92,450 (6.3%) | $140,746 (21.9%) | 0.00 | 31 |
2021-05-01 | $119,000 (33.9%) | $167,017 (48.4%) | 0.00 | 31 |
2021-06-01 | $107,475 (30.6%) | $155,857 (33.2%) | 0.00 | 34 |
2021-07-01 | $89,900 (-16.7%) | $122,764 (-7.2%) | 0.00 | 54 |
2021-08-01 | $81,250 (-35.0%) | $104,188 (-25.1%) | 0.00 | 57 |
2021-09-01 | $79,900 (-35.4%) | $109,139 (-23.7%) | 0.00 | 55 |
2021-10-01 | $82,500 (-34.0%) | $108,873 (-25.4%) | 0.00 | 54 |
2021-11-01 | $113,675 (-25.5%) | $124,854 (-22.6%) | 0.00 | 43 |
2021-12-01 | $112,425 (-19.7%) | $127,581 (-20.0%) | 0.00 | 35 |
2022-01-01 | $119,900 (7.1%) | $138,166 (-2.2%) | 0.00 | 32 |
2022-02-01 | $129,000 (33.8%) | $161,234 (24.5%) | 0.00 | 31 |
2022-03-01 | $138,175 (70.3%) | $177,221 (51.5%) | 0.00 | 23 |
2022-04-01 | $145,000 (56.8%) | $198,774 (41.2%) | 0.00 | 18 |
2022-05-01 | $140,375 (18.0%) | $199,213 (19.3%) | 0.00 | 27 |
2022-06-01 | $144,375 (34.3%) | $193,485 (24.1%) | 0.00 | 31 |
2022-07-01 | $142,900 (59.0%) | $182,974 (49.1%) | 0.00 | 50 |
2022-08-01 | $148,000 (82.2%) | $186,210 (78.7%) | 0.00 | 60 |
2022-09-01 | $154,900 (93.9%) | $178,912 (63.9%) | 0.00 | 50 |
2022-10-01 | $148,000 (79.4%) | $166,437 (52.9%) | 0.00 | 49 |
2022-11-01 | $129,950 (14.3%) | $149,787 (20.0%) | 0.00 | 51 |
2022-12-01 | $134,900 (20.0%) | $152,269 (19.4%) | 0.00 | 44 |
2023-01-01 | $139,950 (16.7%) | $164,176 (18.8%) | 0.00 | 34 |
2023-02-01 | $154,450 (19.7%) | $177,665 (10.2%) | 0.00 | 29 |
Logansport's median listing price comes in at 0% of the national average.
Logansport's average listing price for 2023-02-01 was $177,665, a difference of $16,431 (10.2%) versus the prior year and $13,489 versus the prior month.
For the 2023-02-01 period, Logansport had 29 MLS listings, a difference of -5 listings (-15%) versus the prior month and -2 listings (-6%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Logansport (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,536 sqft |
2018-02-01 | 0 days | 1,530 sqft |
2018-03-01 | 0 days | 1,560 sqft |
2018-04-01 | 0 days | 1,556 sqft |
2018-05-01 | 0 days | 1,606 sqft |
2018-06-01 | 0 days | 1,632 sqft |
2018-07-01 | 0 days | 1,608 sqft |
2018-08-01 | 0 days | 1,642 sqft |
2018-09-01 | 0 days | 1,744 sqft |
2018-10-01 | 0 days | 1,735 sqft |
2018-11-01 | 0 days | 1,624 sqft |
2018-12-01 | 0 days | 1,697 sqft |
2019-01-01 | 0 days | 1,697 sqft |
2019-02-01 | 0 days | 1,672 sqft |
2019-03-01 | 0 days | 1,722 sqft |
2019-04-01 | 0 days | 1,780 sqft |
2019-05-01 | 0 days | 1,761 sqft |
2019-06-01 | 0 days | 1,668 sqft |
2019-07-01 | 0 days | 1,665 sqft |
2019-08-01 | 0 days | 1,647 sqft |
2019-09-01 | 0 days | 1,620 sqft |
2019-10-01 | 0 days | 1,619 sqft |
2019-11-01 | 0 days | 1,645 sqft |
2019-12-01 | 0 days | 1,606 sqft |
2020-01-01 | 0 days | 1,626 sqft |
2020-02-01 | 0 days | 1,560 sqft |
2020-03-01 | 0 days | 1,654 sqft |
2020-04-01 | 0 days | 1,659 sqft |
2020-05-01 | 0 days | 1,669 sqft |
2020-06-01 | 0 days | 1,728 sqft |
2020-07-01 | 0 days | 1,757 sqft |
2020-08-01 | 0 days | 1,768 sqft |
2020-09-01 | 0 days | 2,021 sqft |
2020-10-01 | 0 days | 1,952 sqft |
2020-11-01 | 0 days | 1,848 sqft |
2020-12-01 | 0 days | 1,741 sqft |
2021-01-01 | 0 days | 1,688 sqft |
2021-02-01 | 0 days | 1,686 sqft |
2021-03-01 | 0 days | 1,532 sqft |
2021-04-01 | 0 days | 1,617 sqft |
2021-05-01 | 0 days | 1,528 sqft |
2021-06-01 | 0 days | 1,586 sqft |
2021-07-01 | 0 days | 1,620 sqft |
2021-08-01 | 0 days | 1,383 sqft |
2021-09-01 | 0 days | 1,391 sqft |
2021-10-01 | 0 days | 1,382 sqft |
2021-11-01 | 0 days | 1,490 sqft |
2021-12-01 | 0 days | 1,572 sqft |
2022-01-01 | 0 days | 1,568 sqft |
2022-02-01 | 0 days | 1,564 sqft |
2022-03-01 | 0 days | 1,493 sqft |
2022-04-01 | 0 days | 1,613 sqft |
2022-05-01 | 0 days | 1,635 sqft |
2022-06-01 | 0 days | 1,566 sqft |
2022-07-01 | 0 days | 1,634 sqft |
2022-08-01 | 0 days | 1,566 sqft |
2022-09-01 | 0 days | 1,608 sqft |
2022-10-01 | 0 days | 1,540 sqft |
2022-11-01 | 0 days | 1,577 sqft |
2022-12-01 | 0 days | 1,619 sqft |
2023-01-01 | 0 days | 1,640 sqft |
2023-02-01 | 0 days | 1,581 sqft |
Logansport's median square footage for active listings during the 2023-02-01 period was 1,581 sqft. One year prior, the average listing was 1,564 sqft.
Logansport, IN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 396 | $58,340,000 | $147,323 |
Cash Out Refi | 168 | $19,340,000 | $115,119 |
Refi | 72 | $6,900,000 | $95,833 |
Home Improvement | 54 | $7,240,000 | $134,074 |
Other | 39 | $1,855,000 | $47,564 |
Logansport's most frequently cited loan purpose was Home Purchase, with 396 originations. The 2nd most popular reason was Cash Out Refi, with 168 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 231 | $28,315,000 | $122,576 |
4-5% | 140 | $18,090,000 | $129,214 |
3-4% | 125 | $16,745,000 | $133,960 |
6-7% | 115 | $19,955,000 | $173,522 |
7-8% | 53 | $5,095,000 | $96,132 |
Over 8% | 24 | $1,200,000 | $50,000 |
2.5-3% | 19 | $2,905,000 | $152,895 |
<2.5% | 19 | $935,000 | $49,211 |
During 2022, Logansport's most frequently originated rate bucket was 5-6%, with 231 originations.
Loan Sizing (Logansport, IN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 363 | $22,205,000 | $61,171 |
$100k-200k | 277 | $38,645,000 | $139,513 |
$200k-400k | 79 | $20,345,000 | $257,532 |
$Over $1MM | 5 | $10,015,000 | $2,003,000 |
$400k-600k | 4 | $1,720,000 | $430,000 |
$600k-1000k | 1 | $745,000 | $745,000 |
Logansport's loan sizing saw the bucket of loans from $100,000 or less with 363 originations, totaling $22,205,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 335 | $50,395,000 | $150,433 |
60-80% | 183 | $29,245,000 | $159,809 |
40-60% | 79 | $7,235,000 | $91,582 |
20-40% | 68 | $3,470,000 | $51,029 |
Under 20% | 49 | $1,665,000 | $33,980 |
Over 100% | 3 | $655,000 | $218,333 |
Logansport's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 335 originations, totaling $50,395,000 in origination value.