MANSFIELD Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mansfield averaged
6.86%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.59% and
one month ago for the week of 2024-10-03, the
average rate was 6.29%.
Mansfield's average rate one year ago was 7.63%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.39%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
Mansfield 30 Year Fixed Rate | 2024-11-07 | 6.86% |
Mansfield 30 Year Fixed Rate Refi | 2024-11-07 | 7.39% |
Mansfield 15 Year Fixed Rate | 2024-11-07 | 5.9% |
Mansfield 15 Year Fixed Rate Refi | 2024-11-07 | 6.4% |
Mansfield 30 Year FHA | 2024-11-07 | 6.49% |
Mansfield 30 Year FHA Refi | 2024-11-07 | 6.43% |
Mansfield 30 Year USDA | 2024-11-07 | 6.38% |
Mansfield 30 Year USDA Refi | 2024-11-07 | 6.38% |
Mansfield 30 Year VA | 2024-11-07 | 6.52% |
Mansfield 30 Year VA Refi | 2024-11-07 | 6.44% |
MANSFIELD 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 MANSFIELD, 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.).
MANSFIELD Average Closing Costs & Other Stats
MANSFIELD, OH's 87 lenders originated 2,174
loans during 2023. The total origination value was $320,560,000, with an average loan value of
$147,452.
MANSFIELD's average closing costs are $4,212.
The top MANSFIELD lender as defined by loan originations is Mechanics Bank, with
170 loans originated. Their average total fees are
$2,497, which is $973
lower than the next largest lender,
The Park National Bank.
The lowest fee MANSFIELD lenders (with over 10 loans originated) are
Directions Credit Union, Inc. ($379), Mechanics Bank ($2,497), The Park National Bank ($3,469), JPMorgan Chase Bank ($3,640) and The Huntington National Bank ($3,746).
The lowest rate MANSFIELD lenders (with over 10 loans originated) are
Mechanics Bank (5.90%), Directions Credit Union, Inc. (6.48%), UNITED WHOLESALE MORTGAGE, LLC (6.84%), JPMorgan Chase Bank (6.92%) and The Park National Bank (6.93%).
MANSFIELD, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
Mechanics Bank | $84,500,000 | $56,815,000 | -32.8% | 17.7% |
The Park National Bank | $38,050,000 | $30,920,000 | -18.7% | 9.6% |
QUICKEN LOANS, LLC | $24,975,000 | $19,845,000 | -20.5% | 6.2% |
CROSSCOUNTRY MORTGAGE, LLC | $27,875,000 | $19,405,000 | -30.4% | 6.1% |
The Huntington National Bank | $26,455,000 | $17,925,000 | -32.2% | 5.6% |
UNION HOME MORTGAGE CORP. | $14,875,000 | $12,715,000 | -14.5% | 4.0% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $16,935,000 | $12,385,000 | -26.9% | 3.9% |
LOANDEPOT.COM, LLC | $15,615,000 | $11,775,000 | -24.6% | 3.7% |
Community Bank | $6,710,000 | n/a | 2.1% | |
Directions Credit Union, Inc. | $10,495,000 | $6,445,000 | -38.6% | 2.0% |
Mortgage Research Center, LLC | $11,785,000 | $6,280,000 | -46.7% | 2.0% |
UNITED WHOLESALE MORTGAGE, LLC | $3,505,000 | $5,275,000 | 50.5% | 1.6% |
CNB Bank | $340,000 | $3,925,000 | 1,054.4% | 1.2% |
JPMorgan Chase Bank | $5,755,000 | $3,720,000 | -35.4% | 1.2% |
NFM, INC. | $2,400,000 | $3,720,000 | 55.0% | 1.2% |
Flagstar Bank, FSB | $1,050,000 | $3,655,000 | 248.1% | 1.1% |
BMO Harris Bank | $3,190,000 | n/a | 1.0% | |
Mr. Cooper ( Nationstar Mortgage ) | $4,075,000 | $2,855,000 | -29.9% | 0.9% |
LCNB National Bank | $2,605,000 | n/a | 0.8% | |
21ST MORTGAGE CORPORATION | $4,800,000 | $2,590,000 | -46.0% | 0.8% |
First Federal Community Bank of Bucyrus | $10,255,000 | $2,540,000 | -75.2% | 0.8% |
FREEDOM MORTGAGE CORPORATION | $2,065,000 | $2,340,000 | 13.3% | 0.7% |
First Federal Bank of Ohio | $5,565,000 | $2,305,000 | -58.6% | 0.7% |
FIRST OHIO HOME FINANCE, INC. | $435,000 | $2,295,000 | 427.6% | 0.7% |
NAVY FEDERAL CREDIT UNION | $1,915,000 | $2,265,000 | 18.3% | 0.7% |
EQUITY RESOURCES, INC. | $3,105,000 | $2,250,000 | -27.5% | 0.7% |
KeyBank | $5,190,000 | $2,210,000 | -57.4% | 0.7% |
Sutton Bank | $1,725,000 | $2,155,000 | 24.9% | 0.7% |
Civista Bank | $4,950,000 | $2,145,000 | -56.7% | 0.7% |
U.S. Bank | $4,505,000 | $2,095,000 | -53.5% | 0.7% |
ORIX REAL ESTATE CAPITAL, LLC | $1,965,000 | n/a | 0.6% | |
Third Federal Savings and Loan Association of Cleveland | $2,835,000 | $1,830,000 | -35.4% | 0.6% |
BROKER SOLUTIONS, INC. | $1,275,000 | $1,725,000 | 35.3% | 0.5% |
USAA Federal Savings Bank | $1,935,000 | $1,700,000 | -12.1% | 0.5% |
Farm Credit Mid-America, ACA | $1,895,000 | $1,630,000 | -14.0% | 0.5% |
MUTUAL OF OMAHA MORTGAGE, INC. | $270,000 | $1,585,000 | 487.0% | 0.5% |
Fifth Third Bank | $2,500,000 | $1,460,000 | -41.6% | 0.5% |
Wells Fargo Bank | $2,110,000 | $1,450,000 | -31.3% | 0.5% |
LIBERTY HOME MORTGAGE CORPORATION | $370,000 | $1,435,000 | 287.8% | 0.4% |
NEWREZ LLC | $1,205,000 | $1,345,000 | 11.6% | 0.4% |
PNC Bank | $4,320,000 | $1,250,000 | -71.1% | 0.4% |
Discover Bank | $500,000 | $1,210,000 | 142.0% | 0.4% |
HOMESIDE FINANCIAL, LLC | $1,310,000 | $1,160,000 | -11.5% | 0.4% |
PENNYMAC LOAN SERVICES, LLC | $2,515,000 | $1,160,000 | -53.9% | 0.4% |
AMERISAVE MORTGAGE CORPORATION | $2,385,000 | $1,140,000 | -52.2% | 0.4% |
1ST SIGNATURE LENDING, LLC | $1,095,000 | n/a | 0.3% | |
LENDINGHOME FUNDING CORPORATION | $350,000 | $990,000 | 182.9% | 0.3% |
First Financial Bank | $450,000 | $970,000 | 115.6% | 0.3% |
THE EQUITABLE MORTGAGE CORPORATION | $1,115,000 | $960,000 | -13.9% | 0.3% |
The Union Bank Company | $2,120,000 | $925,000 | -56.4% | 0.3% |
AMERICAN FINANCING CORPORATION | $2,495,000 | $895,000 | -64.1% | 0.3% |
Citizens Bank | $835,000 | $880,000 | 5.4% | 0.3% |
ALLIED MORTGAGE GROUP, INC. | $1,560,000 | $875,000 | -43.9% | 0.3% |
The Federal Savings Bank | $2,155,000 | $790,000 | -63.3% | 0.2% |
Carrington Mortgage Services, LLC | $710,000 | $775,000 | 9.2% | 0.2% |
HOWARD HANNA FINANCIAL SERVICES, INC. | $555,000 | $765,000 | 37.8% | 0.2% |
VILLAGE CAPITAL MORTGAGE | $380,000 | $760,000 | 100.0% | 0.2% |
NEW DAY FINANCIAL, LLC | $795,000 | $730,000 | -8.2% | 0.2% |
GUARANTEED RATE, INC. | $450,000 | $695,000 | 54.4% | 0.2% |
The Farmers National Bank of Canfield | $220,000 | $680,000 | 209.1% | 0.2% |
CARDINAL FINANCIAL | $1,040,000 | $660,000 | -36.5% | 0.2% |
Truist | $80,000 | $635,000 | 693.8% | 0.2% |
Union Savings Bank | $2,050,000 | $635,000 | -69.0% | 0.2% |
First Federal Savings and Loan Association of Lakewood | $2,195,000 | $620,000 | -71.8% | 0.2% |
WesBanco | $345,000 | $615,000 | 78.3% | 0.2% |
FLAT BRANCH MORTGAGE, INC. | $595,000 | n/a | 0.2% | |
AG Credit, Agricultural Credit Association | $580,000 | n/a | 0.2% | |
First Federal Savings and Loan Association | $555,000 | n/a | 0.2% | |
Heartland Bank | $535,000 | n/a | 0.2% | |
PLAZA HOME MORTGAGE, INC. | $190,000 | $520,000 | 173.7% | 0.2% |
First Federal Bank of the Midwest | $2,235,000 | $500,000 | -77.6% | 0.2% |
The Middlefield Banking Company | $200,000 | $500,000 | 150.0% | 0.2% |
North American Savings Bank, F.S.B. | $495,000 | n/a | 0.2% | |
ROYAL UNITED MORTGAGE LLC | $510,000 | $495,000 | -2.9% | 0.2% |
ENDEAVOR CAPITAL, LLC. | $145,000 | $475,000 | 227.6% | 0.1% |
SECURITYNATIONAL MORTGAGE COMPANY | $195,000 | $440,000 | 125.6% | 0.1% |
NBKC BANK | $125,000 | $435,000 | 248.0% | 0.1% |
KEMBA FINANCIAL | $455,000 | $425,000 | -6.6% | 0.1% |
GENEVA FINANCIAL, LLC | $410,000 | n/a | 0.1% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $410,000 | n/a | 0.1% | |
NATIONS DIRECT MORTGAGE, LLC | $410,000 | n/a | 0.1% | |
AMERICAN FINANCIAL NETWORK, INC. | $390,000 | n/a | 0.1% | |
Barrington Bank & Trust Company, N.A. | $370,000 | n/a | 0.1% | |
C E S | $465,000 | $365,000 | -21.5% | 0.1% |
Figure Lending LLC | $830,000 | $355,000 | -57.2% | 0.1% |
MOVEMENT MORTGAGE, LLC | $355,000 | n/a | 0.1% | |
Equity Prime Mortgage LLC | $350,000 | n/a | 0.1% | |
Cf Bank | $65,000 | $345,000 | 430.8% | 0.1% |
ZILLOW HOME LOANS, LLC | $820,000 | $320,000 | -61.0% | 0.1% |
BAY EQUITY LLC | $315,000 | n/a | 0.1% | |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $165,000 | $310,000 | 87.9% | 0.1% |
Nations Lending Corporation | $295,000 | $310,000 | 5.1% | 0.1% |
PLANET HOME LENDING, LLC | $95,000 | $310,000 | 226.3% | 0.1% |
NETWORK CAPITAL FUNDING CORPORATION | $350,000 | $305,000 | -12.9% | 0.1% |
Paramount Bank | $305,000 | n/a | 0.1% | |
PHH Mortgage Corporation | $270,000 | $305,000 | 13.0% | 0.1% |
GUILD MORTGAGE COMPANY | $300,000 | n/a | 0.1% | |
CLEARPATH LENDING | $295,000 | n/a | 0.1% | |
SUMMIT FUNDING, INC. | $295,000 | n/a | 0.1% | |
Ameris Bank | $125,000 | $285,000 | 128.0% | 0.1% |
T2 FINANCIAL LLC | $1,310,000 | $280,000 | -78.6% | 0.1% |
AmeriHome Mortgage Company, LLC | $155,000 | $275,000 | 77.4% | 0.1% |
Bank of England | $940,000 | $270,000 | -71.3% | 0.1% |
Plains Commerce Bank | $270,000 | n/a | 0.1% | |
Bank of America | $375,000 | $265,000 | -29.3% | 0.1% |
DEVELOPER'S MORTGAGE COMPANY | $265,000 | n/a | 0.1% | |
GSF Mortgage Corporation | $505,000 | $260,000 | -48.5% | 0.1% |
M&T Bank | $255,000 | n/a | 0.1% | |
PENTAGON FEDERAL CREDIT UNION | $155,000 | $250,000 | 61.3% | 0.1% |
Coastal Community Bank | $245,000 | n/a | 0.1% | |
Residential Mortgage Solutions, Inc. | $245,000 | n/a | 0.1% | |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $235,000 | n/a | 0.1% | |
CHURCHILL MORTGAGE CORPORATION | $235,000 | n/a | 0.1% | |
NORTHERN MORTGAGE SERVICES, LLC | $235,000 | n/a | 0.1% | |
Bethpage Federal Credit Union | $230,000 | n/a | 0.1% | |
LOANPAL, LLC | $230,000 | n/a | 0.1% | |
BOKF | $225,000 | n/a | 0.1% | |
Lakeview Community Capital, LLC | $25,000 | $225,000 | 800.0% | 0.1% |
First Commonwealth Bank | $600,000 | $215,000 | -64.2% | 0.1% |
The Farmers Savings Bank | $215,000 | n/a | 0.1% | |
First National Bank of Pennsylvania | $490,000 | $205,000 | -58.2% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $930,000 | $205,000 | -78.0% | 0.1% |
SPRING EQ, LLC | $315,000 | $205,000 | -34.9% | 0.1% |
FINANCE OF AMERICA REVERSE LLC | $200,000 | n/a | 0.1% | |
TOP FLITE FINANCIAL, INC. | $270,000 | $200,000 | -25.9% | 0.1% |
FIRST COMMUNITY MORTGAGE, INC. | $75,000 | $190,000 | 153.3% | 0.1% |
STOCKTON MORTGAGE CORPORATION | $190,000 | n/a | 0.1% | |
Prosperity Home Mortgage, LLC | $185,000 | n/a | 0.1% | |
FEDEX EMPLOYEES CREDIT ASSOCIATION | $175,000 | n/a | 0.1% | |
Hometown Equity Mortgage, LLC | $175,000 | n/a | 0.1% | |
OCEANSIDE MORTGAGE COMPANY | $175,000 | $175,000 | 0.0% | 0.1% |
Wayne Savings Community Bank | $810,000 | $170,000 | -79.0% | 0.1% |
INTERCAP LENDING INC. | $165,000 | n/a | 0.1% | |
The State Bank and Trust Company | $335,000 | $165,000 | -50.7% | 0.1% |
GUARANTEED RATE AFFINITY, LLC | $160,000 | n/a | 0.0% | |
SUN WEST MORTGAGE COMPANY, INC. | $540,000 | $160,000 | -70.4% | 0.0% |
MICHIGAN MUTUAL, INC. | $570,000 | $155,000 | -72.8% | 0.0% |
Paramount Residential Mortgage Group, Inc. | $155,000 | n/a | 0.0% | |
RAPID MORTGAGE COMPANY | $1,485,000 | $155,000 | -89.6% | 0.0% |
RiverHills Bank | $105,000 | $155,000 | 47.6% | 0.0% |
GVC MORTGAGE, INC. | $135,000 | n/a | 0.0% | |
The Loan Store, Inc. | $135,000 | n/a | 0.0% | |
UNION CAPITAL MORTGAGE CORPORATION | $105,000 | $135,000 | 28.6% | 0.0% |
EDUCATION FIRST CREDIT UNION, INC. | $340,000 | $125,000 | -63.2% | 0.0% |
WRIGHT-PATT CREDIT UNION, INC. | $300,000 | $120,000 | -60.0% | 0.0% |
UNITED | $420,000 | $110,000 | -73.8% | 0.0% |
CALCON MUTUAL MORTGAGE LLC | $425,000 | $105,000 | -75.3% | 0.0% |
S&T Bank | $105,000 | n/a | 0.0% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $350,000 | $105,000 | -70.0% | 0.0% |
Ally Bank | $700,000 | $95,000 | -86.4% | 0.0% |
WEST VIRGINIA CENTRAL FEDERAL CREDIT UNION | $95,000 | n/a | 0.0% | |
First Merchants Bank | $95,000 | $85,000 | -10.5% | 0.0% |
INTERNATIONAL CITY MORTGAGE, INC. | $85,000 | n/a | 0.0% | |
Ixonia Bank | $85,000 | n/a | 0.0% | |
LEADERONE FINANCIAL CORPORATION | $245,000 | $85,000 | -65.3% | 0.0% |
Northpointe Bank | $995,000 | $75,000 | -92.5% | 0.0% |
MEMBER FIRST MORTGAGE, LLC | $65,000 | n/a | 0.0% | |
Citibank | $155,000 | $55,000 | -64.5% | 0.0% |
RUOFF MORTGAGE COMPANY, INC. | $2,425,000 | $55,000 | -97.7% | 0.0% |
S1L, Inc. | $55,000 | n/a | 0.0% | |
Liberty Savings Bank, F.S.B. | $45,000 | n/a | 0.0% | |
UTILITIES EMPLOYEES CREDIT UNION | $45,000 | n/a | 0.0% | |
HONDA Federal Credit Union | $35,000 | n/a | 0.0% | |
TOWER | $35,000 | n/a | 0.0% | |
BMI Federal Credit Union | $210,000 | $25,000 | -88.1% | 0.0% |
TELHIO | $225,000 | $25,000 | -88.9% | 0.0% |
Consumers National Bank | $15,000 | n/a | 0.0% |
MANSFIELD's top lender by overall market share is Mechanics Bank, with 17.7% market share. In second place, with 9.6%, is The Park National Bank, having originated $30,920,000 in loans. In third place, with 6.2%, is QUICKEN LOANS, LLC, having originated $19,845,000 in loans. In fourth place, with 6.1%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $19,405,000 in loans. In fifth place, with 5.6%, is The Huntington National Bank, having originated $17,925,000 in loans.
MANSFIELD, OH Average Rent (2023)
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Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
---|---|---|---|---|---|---|
43019 | Mansfield, OH MSA | $660 | $750 | $930 | $1,160 | $1,290 |
44805 | Mansfield, OH MSA | $610 | $690 | $880 | $1,190 | $1,390 |
44813 | Mansfield, OH MSA | $660 | $750 | $930 | $1,160 | $1,340 |
44822 | Mansfield, OH MSA | $600 | $670 | $860 | $1,160 | $1,360 |
44827 | Mansfield, OH MSA | $570 | $640 | $820 | $1,110 | $1,300 |
44833 | Mansfield, OH MSA | $660 | $750 | $930 | $1,160 | $1,290 |
44837 | Mansfield, OH MSA | $550 | $620 | $790 | $1,080 | $1,270 |
44843 | Mansfield, OH MSA | $590 | $660 | $850 | $1,150 | $1,350 |
44862 | Mansfield, OH MSA | $550 | $620 | $790 | $1,080 | $1,270 |
44864 | Mansfield, OH MSA | $550 | $620 | $790 | $1,080 | $1,270 |
44865 | Mansfield, OH MSA | $590 | $660 | $850 | $1,150 | $1,350 |
44875 | Mansfield, OH MSA | $550 | $620 | $790 | $1,080 | $1,270 |
44878 | Mansfield, OH MSA | $660 | $730 | $940 | $1,270 | $1,490 |
44901 | Mansfield, OH MSA | $550 | $620 | $790 | $1,080 | $1,270 |
44902 | Mansfield, OH MSA | $550 | $620 | $790 | $1,080 | $1,270 |
44903 | Mansfield, OH MSA | $660 | $750 | $930 | $1,160 | $1,310 |
44904 | Mansfield, OH MSA | $660 | $750 | $930 | $1,160 | $1,290 |
44905 | Mansfield, OH MSA | $590 | $660 | $840 | $1,130 | $1,330 |
44906 | Mansfield, OH MSA | $570 | $630 | $810 | $1,090 | $1,280 |
44907 | Mansfield, OH MSA | $550 | $620 | $790 | $1,080 | $1,270 |
2022 Average & Median Rent Data Statistics
MANSFIELD, OH average 1BR rent: $672, median: $660
MANSFIELD, OH average 2BR rent: $852, median: $845
MANSFIELD, OH average 3BR rent: $1,131, median: $1,140
MANSFIELD, OH Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 1,243 | $219,045,000 | $176,223 |
Home Improvement | 274 | $19,460,000 | $71,022 |
Cash Out Refi | 272 | $42,580,000 | $156,544 |
Other | 216 | $14,750,000 | $68,287 |
Refi | 169 | $24,725,000 | $146,302 |
Mansfield's most frequently cited loan purpose was Home Purchase, with 1,243 originations. The 2nd most popular reason was Home Improvement, with 274 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 716 | $116,420,000 | $162,598 |
7-8% | 625 | $91,925,000 | $147,080 |
Over 8% | 434 | $31,990,000 | $73,710 |
5-6% | 288 | $57,560,000 | $199,861 |
4-5% | 42 | $11,690,000 | $278,333 |
<2.5% | 7 | $2,215,000 | $316,429 |
3-4% | 4 | $800,000 | $200,000 |
During 2023, Mansfield's most frequently originated rate bucket was 6-7%, with 716 originations.
Loan Sizing (MANSFIELD, OH MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 892 | $50,430,000 | $56,536 |
$100k-200k | 847 | $121,745,000 | $143,737 |
$200k-400k | 365 | $95,175,000 | $260,753 |
$400k-600k | 51 | $23,435,000 | $459,510 |
$600k-1000k | 10 | $7,060,000 | $706,000 |
$Over $1MM | 9 | $22,715,000 | $2,523,889 |
MANSFIELD's loan sizing saw the bucket of loans from $100,000 or less with 892 originations, totaling $50,430,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 964 | $172,750,000 | $179,201 |
60-80% | 378 | $79,750,000 | $210,979 |
20-40% | 307 | $21,665,000 | $70,570 |
Under 20% | 256 | $9,300,000 | $36,328 |
40-60% | 177 | $21,295,000 | $120,311 |
Over 100% | 18 | $5,950,000 | $330,556 |
MANSFIELD's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 964 originations, totaling $172,750,000 in origination value.