Madison Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Madison averaged
7.02%
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
6.75% and
one month ago for the week of 2023-02-09, the
average rate was 6.54%.
Madison's average rate one year ago was 4.07%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.61%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Madison 30 Year Fixed Rate | 2023-03-16 | 7.02% |
Madison 30 Year Fixed Rate Refi | 2023-03-16 | 6.61% |
Madison 15 Year Fixed Rate | 2023-03-16 | 7.39% |
Madison 15 Year Fixed Rate Refi | 2023-03-16 | 6.41% |
Madison 30 Year FHA | 2023-03-16 | 6.68% |
Madison 30 Year FHA Refi | 2023-03-16 | 6.7% |
Madison 30 Year USDA | 2023-03-16 | 6.41% |
Madison 30 Year USDA Refi | 2023-03-16 | 6.82% |
Madison 30 Year VA | 2023-03-16 | 6.8% |
Madison 30 Year VA Refi | 2023-03-16 | 6.37% |
Madison 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 Madison, 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.).
Madison Average Closing Costs & Other Stats
Madison, IN's 80 lenders originated 1,412
loans during 2021. The total origination value was $201,490,000, with an average loan value of
$142,698.
Madison's average closing costs are $3,597.
The top Madison lender as defined by loan originations is First Financial Bank, with
83 loans originated. Their average total fees are
$2,714, which is $681
higher than the next largest lender,
RUOFF MORTGAGE COMPANY, INC..
The lowest fee Madison lenders (with over 10 loans originated) are
RUOFF MORTGAGE COMPANY, INC. ($2,033), German American Bank ($2,517), Centra Credit Union ($2,610), First Financial Bank ($2,714) and The Friendship State Bank ($2,856).
The lowest rate Madison lenders (with over 10 loans originated) are
Centra Credit Union (3.02%), FAIR WAY LENDING LLC (3.05%), German American Bank (3.11%), QUICKEN LOANS, LLC (3.15%) and The Friendship State Bank (3.18%).
Madison, 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
First Financial Bank | $26,825,000 | $29,030,000 | 8.2% | 14.4% |
German American Bank | $27,555,000 | $27,730,000 | 0.6% | 13.8% |
RUOFF MORTGAGE COMPANY, INC. | $15,220,000 | $21,170,000 | 39.1% | 10.5% |
The Friendship State Bank | $12,545,000 | $12,815,000 | 2.2% | 6.4% |
QUICKEN LOANS, LLC | $7,030,000 | $11,460,000 | 63.0% | 5.7% |
GENEVA FINANCIAL, LLC | $8,455,000 | $8,770,000 | 3.7% | 4.4% |
The Farmers Bank of Milton | $7,910,000 | $8,545,000 | 8.0% | 4.2% |
FAIR WAY LENDING LLC | $8,175,000 | $6,140,000 | -24.9% | 3.0% |
FREEDOM MORTGAGE CORPORATION | $4,545,000 | $6,065,000 | 33.4% | 3.0% |
Centra Credit Union | $5,535,000 | $4,770,000 | -13.8% | 2.4% |
HOME POINT FINANCIAL CORPORATION | $2,610,000 | $3,650,000 | 39.8% | 1.8% |
Farm Credit Mid-America, ACA | $2,100,000 | $2,820,000 | 34.3% | 1.4% |
PENNYMAC LOAN SERVICES, LLC | $510,000 | $2,495,000 | 389.2% | 1.2% |
Old National Bank | $1,770,000 | $2,040,000 | 15.3% | 1.0% |
AMERISAVE MORTGAGE CORPORATION | $995,000 | $2,025,000 | 103.5% | 1.0% |
Mr. Cooper ( Nationstar Mortgage ) | $1,700,000 | $1,660,000 | -2.4% | 0.8% |
Jackson County Bank | $2,020,000 | $1,505,000 | -25.5% | 0.7% |
Mortgage Research Center, LLC | $840,000 | $1,500,000 | 78.6% | 0.7% |
CALIBER HOME LOANS, INC. | $510,000 | $1,450,000 | 184.3% | 0.7% |
JPMorgan Chase Bank | $1,555,000 | $1,425,000 | -8.4% | 0.7% |
LOANDEPOT.COM, LLC | $1,300,000 | $1,390,000 | 6.9% | 0.7% |
LAKEVIEW LOAN SERVICING, LLC | $600,000 | $1,380,000 | 130.0% | 0.7% |
UNITED WHOLESALE MORTGAGE, LLC | $1,755,000 | $1,345,000 | -23.4% | 0.7% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $155,000 | $1,340,000 | 764.5% | 0.7% |
First Financial Bank | $26,825,000 | $1,265,000 | -95.3% | 0.6% |
Wolfe Financial, Inc | $1,260,000 | $1,160,000 | -7.9% | 0.6% |
Fifth Third Bank | $1,045,000 | $1,135,000 | 8.6% | 0.6% |
Wells Fargo Bank | $1,130,000 | $980,000 | -13.3% | 0.5% |
AMERIFIRST FINANCIAL CORPORATION | $610,000 | $910,000 | 49.2% | 0.5% |
Farmers Bank & Trust | $890,000 | n/a | 0.4% | |
Citizens Bank | $715,000 | $850,000 | 18.9% | 0.4% |
BETTER MORTGAGE CORPORATION | $315,000 | $835,000 | 165.1% | 0.4% |
Magnolia Bank | $1,685,000 | $820,000 | -51.3% | 0.4% |
First Savings Bank | $795,000 | $810,000 | 1.9% | 0.4% |
Century Mortgage Company DBA Century Lending Company | $805,000 | n/a | 0.4% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $695,000 | n/a | 0.3% | |
NEWREZ LLC | $685,000 | n/a | 0.3% | |
THRIVE MORTGAGE, LLC | $640,000 | n/a | 0.3% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $145,000 | $625,000 | 331.0% | 0.3% |
U.S. Bank | $655,000 | $605,000 | -7.6% | 0.3% |
PNC Bank | $795,000 | $575,000 | -27.7% | 0.3% |
Colten Mortgage, LLC | $555,000 | n/a | 0.3% | |
UNION HOME MORTGAGE CORP. | $555,000 | n/a | 0.3% | |
CROSSCOUNTRY MORTGAGE, LLC | $625,000 | $550,000 | -12.0% | 0.3% |
LOANFLIGHT LENDING, LLC | $550,000 | n/a | 0.3% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $115,000 | $550,000 | 378.3% | 0.3% |
STEARNS LENDING, LLC | $95,000 | $545,000 | 473.7% | 0.3% |
Commonwealth Bank and Trust Company | $155,000 | $515,000 | 232.3% | 0.3% |
Flagstar Bank, FSB | $515,000 | n/a | 0.3% | |
Republic Bank & Trust Company | $505,000 | n/a | 0.3% | |
Forcht Bank | $475,000 | n/a | 0.2% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $135,000 | $470,000 | 248.1% | 0.2% |
SOFI LENDING CORP. | $315,000 | $460,000 | 46.0% | 0.2% |
NAVY FEDERAL CREDIT UNION | $130,000 | $430,000 | 230.8% | 0.2% |
Cincinnati Federal | $415,000 | n/a | 0.2% | |
AmeriHome Mortgage Company, LLC | $610,000 | $405,000 | -33.6% | 0.2% |
Carrington Mortgage Services, LLC | $360,000 | $395,000 | 9.7% | 0.2% |
SOVEREIGN LENDING GROUP INCORPORATED | $385,000 | n/a | 0.2% | |
Ally Bank | $105,000 | $380,000 | 261.9% | 0.2% |
GENERAL ELECTRIC CREDIT UNION | $370,000 | n/a | 0.2% | |
GUARANTEED RATE, INC. | $365,000 | n/a | 0.2% | |
EVANSVILLE TEACHERS | $160,000 | $360,000 | 125.0% | 0.2% |
Union Savings Bank | $145,000 | $360,000 | 148.3% | 0.2% |
PROPER RATE, LLC | $355,000 | n/a | 0.2% | |
Truist Bank | $415,000 | $355,000 | -14.5% | 0.2% |
AMERICAN FINANCIAL NETWORK, INC. | $350,000 | n/a | 0.2% | |
ENVOY MORTGAGE, LTD | $350,000 | n/a | 0.2% | |
Stock Yards Bank & Trust Company | $350,000 | n/a | 0.2% | |
Barrington Bank & Trust Company, N.A. | $640,000 | $340,000 | -46.9% | 0.2% |
GVC MORTGAGE, INC. | $610,000 | $340,000 | -44.3% | 0.2% |
Hometown Lenders, Inc. | $315,000 | n/a | 0.2% | |
The Peoples State Bank | $175,000 | $310,000 | 77.1% | 0.2% |
First Harrison Bank | $305,000 | n/a | 0.2% | |
CMG MORTGAGE, INC. | $565,000 | $300,000 | -46.9% | 0.1% |
DAS Acquisition Company, LLC | $285,000 | $295,000 | 3.5% | 0.1% |
BROKER SOLUTIONS, INC. | $495,000 | $280,000 | -43.4% | 0.1% |
Low VA Rates, LLC | $275,000 | n/a | 0.1% | |
PLANET HOME LENDING, LLC | $270,000 | n/a | 0.1% | |
The Huntington National Bank | $1,040,000 | $270,000 | -74.0% | 0.1% |
Community Trust Bank, Inc. | $265,000 | n/a | 0.1% | |
NATIONWIDE MORTGAGE BANKERS, INC. | $265,000 | n/a | 0.1% | |
TEACHERS CREDIT UNION | $260,000 | n/a | 0.1% | |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $255,000 | n/a | 0.1% | |
LAKE MORTGAGE COMPANY INC | $255,000 | n/a | 0.1% | |
MILESTONE HOME LENDING, LLC | $255,000 | n/a | 0.1% | |
Prosperity Home Mortgage, LLC | $155,000 | $255,000 | 64.5% | 0.1% |
BAY EQUITY LLC | $310,000 | $250,000 | -19.4% | 0.1% |
AMERICAN FINANCING CORPORATION | $245,000 | n/a | 0.1% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $400,000 | $240,000 | -40.0% | 0.1% |
GUARANTY HOME MORTGAGE CORPORATION | $360,000 | $240,000 | -33.3% | 0.1% |
MID AMERICA MORTGAGE, INC. | $200,000 | $240,000 | 20.0% | 0.1% |
AMERICAN FINANCIAL RESOURCES, INC. | $215,000 | $235,000 | 9.3% | 0.1% |
Bedford Loan & Deposit Bank | $275,000 | $225,000 | -18.2% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $390,000 | $225,000 | -42.3% | 0.1% |
Equity Prime Mortgage LLC | $220,000 | n/a | 0.1% | |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $215,000 | n/a | 0.1% | |
NETWORK CAPITAL FUNDING CORPORATION | $215,000 | n/a | 0.1% | |
ACCELERATE MORTGAGE, LLC | $205,000 | n/a | 0.1% | |
THE MORTGAGE WAREHOUSE,LLC | $215,000 | $205,000 | -4.7% | 0.1% |
SUCCESS MORTGAGE PARTNERS, INC. | $1,440,000 | $195,000 | -86.5% | 0.1% |
LIMA ONE CAPITAL, LLC | $190,000 | n/a | 0.1% | |
USAA Federal Savings Bank | $1,500,000 | $190,000 | -87.3% | 0.1% |
CRANE | $185,000 | n/a | 0.1% | |
21ST MORTGAGE CORPORATION | $470,000 | $175,000 | -62.8% | 0.1% |
Bank of England | $175,000 | n/a | 0.1% | |
CHEVRON | $175,000 | n/a | 0.1% | |
INTERLINC MORTGAGE SERVICES, LLC | $430,000 | $165,000 | -61.6% | 0.1% |
Gateway First Bank | $145,000 | $160,000 | 10.3% | 0.1% |
Honor Credit Union | $155,000 | n/a | 0.1% | |
OPEN MORTGAGE, LLC | $155,000 | n/a | 0.1% | |
Regions Bank | $155,000 | n/a | 0.1% | |
SUN WEST MORTGAGE COMPANY, INC. | $940,000 | $155,000 | -83.5% | 0.1% |
Baxter Credit Union | $145,000 | n/a | 0.1% | |
HOMESIDE FINANCIAL, LLC | $145,000 | n/a | 0.1% | |
Northpointe Bank | $160,000 | $145,000 | -9.4% | 0.1% |
DRAPER AND KRAMER MORTGAGE CORP. | $135,000 | n/a | 0.1% | |
Lake City Bank | $135,000 | n/a | 0.1% | |
Guardian Savings Bank, A Federal Savings Bank | $540,000 | $125,000 | -76.9% | 0.1% |
Nations Lending Corporation | $125,000 | n/a | 0.1% | |
CELEBRITY HOME LOANS, LLC | $115,000 | n/a | 0.1% | |
First Guaranty Mortgage Corporation | $115,000 | n/a | 0.1% | |
First Merchants Bank | $115,000 | n/a | 0.1% | |
MIDLAND MORTGAGE CORPORATION | $115,000 | n/a | 0.1% | |
NEW DAY FINANCIAL, LLC | $740,000 | $115,000 | -84.5% | 0.1% |
SOUTHWEST FUNDING, LP | $115,000 | n/a | 0.1% | |
TOP FLITE FINANCIAL, INC. | $255,000 | $115,000 | -54.9% | 0.1% |
VICTORY MORTGAGE, L.L.C. | $115,000 | $115,000 | 0.0% | 0.1% |
PARK COMMUNITY CREDIT UNION, INC. | $360,000 | $105,000 | -70.8% | 0.1% |
AMERICAN ADVISORS GROUP | $95,000 | n/a | 0.0% | |
Discover Bank | $85,000 | n/a | 0.0% | |
First Midwest Bank | $85,000 | n/a | 0.0% | |
The Farmers Bank, Frankfort, Indiana | $85,000 | n/a | 0.0% | |
MYCUMORTGAGE, LLC | $180,000 | $75,000 | -58.3% | 0.0% |
TRIAD FINANCIAL SERVICES, INC. | $50,000 | n/a | 0.0% | |
Flanagan State Bank | $35,000 | n/a | 0.0% | |
CREDIT HUMAN FEDERAL CREDIT UNION | $45,000 | $25,000 | -44.4% | 0.0% |
Madison's top lender by overall market share is First Financial Bank, with 14.4% market share. In second place, with 13.8%, is German American Bank, having originated $27,730,000 in loans. In third place, with 10.5%, is RUOFF MORTGAGE COMPANY, INC., having originated $21,170,000 in loans. In fourth place, with 6.4%, is The Friendship State Bank, having originated $12,815,000 in loans. In fifth place, with 5.7%, is QUICKEN LOANS, LLC, having originated $11,460,000 in loans.
Madison Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Madison (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 | $159,900 (24.0%) | $196,344 (33.3%) | 0.00 | 113 |
2018-02-01 | $161,150 (24.1%) | $197,215 (33.7%) | 0.00 | 117 |
2018-03-01 | $159,900 (19.1%) | $196,045 (15.4%) | 0.00 | 122 |
2018-04-01 | $162,925 (18.5%) | $203,340 (7.2%) | 0.00 | 115 |
2018-05-01 | $161,425 (17.1%) | $199,518 (2.4%) | 0.00 | 112 |
2018-06-01 | $163,000 (13.1%) | $203,012 (1.7%) | 0.00 | 112 |
2018-07-01 | $161,150 (11.2%) | $213,341 (5.7%) | 0.00 | 118 |
2018-08-01 | $161,150 (7.0%) | $215,007 (8.1%) | 0.00 | 122 |
2018-09-01 | $162,400 (0.7%) | $221,093 (6.6%) | 0.00 | 130 |
2018-10-01 | $159,900 (-0.9%) | $222,465 (4.8%) | 0.00 | 126 |
2018-11-01 | $158,400 (2.3%) | $217,549 (3.3%) | 0.00 | 114 |
2018-12-01 | $162,000 (8.1%) | $216,510 (4.2%) | 0.00 | 108 |
2019-01-01 | $177,400 (10.9%) | $221,628 (12.9%) | 0.00 | 110 |
2019-02-01 | $175,550 (8.9%) | $225,116 (14.2%) | 0.00 | 96 |
2019-03-01 | $177,171 (10.8%) | $229,040 (16.8%) | 0.00 | 98 |
2019-04-01 | $191,050 (17.3%) | $233,133 (14.7%) | 0.00 | 98 |
2019-05-01 | $194,500 (20.5%) | $228,110 (14.3%) | 0.00 | 106 |
2019-06-01 | $195,000 (19.6%) | $224,883 (10.8%) | 0.00 | 104 |
2019-07-01 | $189,000 (17.3%) | $231,701 (8.6%) | 0.00 | 109 |
2019-08-01 | $179,545 (11.4%) | $222,285 (3.4%) | 0.00 | 119 |
2019-09-01 | $173,614 (6.9%) | $215,591 (-2.5%) | 0.00 | 134 |
2019-10-01 | $169,000 (5.7%) | $210,369 (-5.4%) | 0.00 | 142 |
2019-11-01 | $165,000 (4.2%) | $214,366 (-1.5%) | 0.00 | 125 |
2019-12-01 | $159,700 (-1.4%) | $218,712 (1.0%) | 0.00 | 122 |
2020-01-01 | $154,900 (-12.7%) | $191,526 (-13.6%) | 0.00 | 117 |
2020-02-01 | $149,900 (-14.6%) | $187,540 (-16.7%) | 0.00 | 114 |
2020-03-01 | $164,000 (-7.4%) | $192,862 (-15.8%) | 0.00 | 108 |
2020-04-01 | $165,000 (-13.6%) | $191,808 (-17.7%) | 0.00 | 99 |
2020-05-01 | $177,500 (-8.7%) | $197,710 (-13.3%) | 0.00 | 97 |
2020-06-01 | $182,450 (-6.4%) | $205,423 (-8.7%) | 0.00 | 89 |
2020-07-01 | $183,125 (-3.1%) | $213,709 (-7.8%) | 0.00 | 78 |
2020-08-01 | $185,400 (3.3%) | $224,649 (1.1%) | 0.00 | 74 |
2020-09-01 | $184,900 (6.5%) | $221,608 (2.8%) | 0.00 | 56 |
2020-10-01 | $164,900 (-2.4%) | $211,398 (0.5%) | 0.00 | 47 |
2020-11-01 | $167,325 (1.4%) | $207,704 (-3.1%) | 0.00 | 54 |
2020-12-01 | $179,450 (12.4%) | $209,776 (-4.1%) | 0.00 | 51 |
2021-01-01 | $169,900 (9.7%) | $206,793 (8.0%) | 0.00 | 44 |
2021-02-01 | $158,050 (5.4%) | $204,200 (8.9%) | 0.00 | 31 |
2021-03-01 | $174,900 (6.7%) | $217,720 (12.9%) | 0.00 | 36 |
2021-04-01 | $168,700 (2.2%) | $219,270 (14.3%) | 0.00 | 32 |
2021-05-01 | $184,900 (4.2%) | $231,321 (17.0%) | 0.00 | 31 |
2021-06-01 | $181,800 (-0.4%) | $229,273 (11.6%) | 0.00 | 43 |
2021-07-01 | $189,450 (3.5%) | $232,528 (8.8%) | 0.00 | 56 |
2021-08-01 | $184,900 (-0.3%) | $232,816 (3.6%) | 0.00 | 73 |
2021-09-01 | $207,000 (12.0%) | $256,591 (15.8%) | 0.00 | 73 |
2021-10-01 | $207,000 (25.5%) | $257,087 (21.6%) | 0.00 | 66 |
2021-11-01 | $209,900 (25.4%) | $276,168 (33.0%) | 0.00 | 47 |
2021-12-01 | $234,900 (30.9%) | $293,204 (39.8%) | 0.00 | 50 |
2022-01-01 | $209,900 (23.5%) | $272,508 (31.8%) | 0.00 | 58 |
2022-02-01 | $202,475 (28.1%) | $251,114 (23.0%) | 0.00 | 51 |
2022-03-01 | $223,925 (28.0%) | $262,252 (20.5%) | 0.00 | 49 |
2022-04-01 | $229,000 (35.7%) | $290,745 (32.6%) | 0.00 | 40 |
2022-05-01 | $257,200 (39.1%) | $293,652 (27.0%) | 0.00 | 42 |
2022-06-01 | $239,900 (32.0%) | $267,498 (16.7%) | 0.00 | 47 |
2022-07-01 | $253,400 (33.8%) | $280,789 (20.8%) | 0.00 | 66 |
2022-08-01 | $243,725 (31.8%) | $277,265 (19.1%) | 0.00 | 73 |
2022-09-01 | $252,250 (21.9%) | $285,543 (11.3%) | 0.00 | 71 |
2022-10-01 | $247,000 (19.3%) | $299,200 (16.4%) | 0.00 | 78 |
2022-11-01 | $219,900 (4.8%) | $283,762 (2.8%) | 0.00 | 70 |
2022-12-01 | $254,950 (8.5%) | $314,466 (7.3%) | 0.00 | 53 |
2023-01-01 | $244,700 (16.6%) | $326,691 (19.9%) | 0.00 | 54 |
2023-02-01 | $266,150 (31.5%) | $334,543 (33.2%) | 0.00 | 48 |
Madison's median listing price comes in at 0% of the national average.
Madison's average listing price for 2023-02-01 was $334,543, a difference of $83,429 (33.2%) versus the prior year and $7,852 versus the prior month.
For the 2023-02-01 period, Madison had 48 MLS listings, a difference of -6 listings (-11%) versus the prior month and -3 listings (-6%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Madison (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,920 sqft |
2018-02-01 | 0 days | 1,902 sqft |
2018-03-01 | 0 days | 1,920 sqft |
2018-04-01 | 0 days | 1,931 sqft |
2018-05-01 | 0 days | 1,926 sqft |
2018-06-01 | 0 days | 1,955 sqft |
2018-07-01 | 0 days | 1,942 sqft |
2018-08-01 | 0 days | 1,933 sqft |
2018-09-01 | 0 days | 1,967 sqft |
2018-10-01 | 0 days | 1,967 sqft |
2018-11-01 | 0 days | 2,014 sqft |
2018-12-01 | 0 days | 1,930 sqft |
2019-01-01 | 0 days | 1,881 sqft |
2019-02-01 | 0 days | 1,879 sqft |
2019-03-01 | 0 days | 1,849 sqft |
2019-04-01 | 0 days | 1,887 sqft |
2019-05-01 | 0 days | 1,971 sqft |
2019-06-01 | 0 days | 1,878 sqft |
2019-07-01 | 0 days | 1,859 sqft |
2019-08-01 | 0 days | 1,815 sqft |
2019-09-01 | 0 days | 1,757 sqft |
2019-10-01 | 0 days | 1,701 sqft |
2019-11-01 | 0 days | 1,705 sqft |
2019-12-01 | 0 days | 1,690 sqft |
2020-01-01 | 0 days | 1,683 sqft |
2020-02-01 | 0 days | 1,680 sqft |
2020-03-01 | 0 days | 1,690 sqft |
2020-04-01 | 0 days | 1,603 sqft |
2020-05-01 | 0 days | 1,750 sqft |
2020-06-01 | 0 days | 1,750 sqft |
2020-07-01 | 0 days | 1,753 sqft |
2020-08-01 | 0 days | 1,768 sqft |
2020-09-01 | 0 days | 1,824 sqft |
2020-10-01 | 0 days | 1,663 sqft |
2020-11-01 | 0 days | 1,751 sqft |
2020-12-01 | 0 days | 1,607 sqft |
2021-01-01 | 0 days | 1,560 sqft |
2021-02-01 | 0 days | 1,392 sqft |
2021-03-01 | 0 days | 1,443 sqft |
2021-04-01 | 0 days | 1,496 sqft |
2021-05-01 | 0 days | 1,624 sqft |
2021-06-01 | 0 days | 1,443 sqft |
2021-07-01 | 0 days | 1,462 sqft |
2021-08-01 | 0 days | 1,463 sqft |
2021-09-01 | 0 days | 1,445 sqft |
2021-10-01 | 0 days | 1,514 sqft |
2021-11-01 | 0 days | 1,835 sqft |
2021-12-01 | 0 days | 1,818 sqft |
2022-01-01 | 0 days | 1,792 sqft |
2022-02-01 | 0 days | 1,775 sqft |
2022-03-01 | 0 days | 1,772 sqft |
2022-04-01 | 0 days | 1,788 sqft |
2022-05-01 | 0 days | 1,798 sqft |
2022-06-01 | 0 days | 1,793 sqft |
2022-07-01 | 0 days | 1,800 sqft |
2022-08-01 | 0 days | 1,886 sqft |
2022-09-01 | 0 days | 1,863 sqft |
2022-10-01 | 0 days | 1,856 sqft |
2022-11-01 | 0 days | 1,740 sqft |
2022-12-01 | 0 days | 1,784 sqft |
2023-01-01 | 0 days | 1,703 sqft |
2023-02-01 | 0 days | 1,745 sqft |
Madison's median square footage for active listings during the 2023-02-01 period was 1,745 sqft. One year prior, the average listing was 1,775 sqft.
Madison, IN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 497 | $86,875,000 | $174,799 |
Refi | 494 | $66,920,000 | $135,466 |
Cash Out Refi | 249 | $36,555,000 | $146,807 |
Other | 91 | $6,075,000 | $66,758 |
Home Improvement | 81 | $5,065,000 | $62,531 |
Madison's most frequently cited loan purpose was Home Purchase, with 497 originations. The 2nd most popular reason was Refi, with 494 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 455 | $73,305,000 | $161,110 |
2.5-3% | 431 | $67,795,000 | $157,297 |
<2.5% | 354 | $40,870,000 | $115,452 |
4-5% | 75 | $8,195,000 | $109,267 |
5-6% | 17 | $1,105,000 | $65,000 |
6-7% | 4 | $350,000 | $87,500 |
7-8% | 2 | $50,000 | $25,000 |
Over 8% | 1 | $75,000 | $75,000 |
During 2021, Madison's most frequently originated rate bucket was 3-4%, with 455 originations.
Loan Sizing (Madison, IN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 660 | $94,140,000 | $142,636 |
$100,000 or less | 470 | $28,820,000 | $61,319 |
$200k-400k | 258 | $66,280,000 | $256,899 |
$400k-600k | 20 | $8,850,000 | $442,500 |
$600k-1000k | 3 | $2,135,000 | $711,667 |
$Over $1MM | 1 | $1,265,000 | $1,265,000 |
Madison's loan sizing saw the bucket of loans from $100k-200k with 660 originations, totaling $94,140,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 440 | $79,080,000 | $179,727 |
60-80% | 386 | $63,190,000 | $163,705 |
40-60% | 208 | $26,820,000 | $128,942 |
20-40% | 152 | $10,890,000 | $71,645 |
Under 20% | 96 | $2,860,000 | $29,792 |
Over 100% | 7 | $1,645,000 | $235,000 |
Madison's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 440 originations, totaling $79,080,000 in origination value.