Marion Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Marion averaged
7.24%
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
7.17% and
one month ago for the week of 2025-05-15, the
average rate was 7.04%.
Marion's average rate one year ago was 7.08%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.71%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Marion 30 Year Fixed Rate | 2025-06-18 | 7.24% |
| Marion 30 Year Fixed Rate Refi | 2025-06-18 | 6.71% |
| Marion 15 Year Fixed Rate | 2025-06-18 | 6.16% |
| Marion 15 Year Fixed Rate Refi | 2025-06-18 | 5.86% |
| Marion 30 Year FHA | 2025-06-18 | 0.35% |
| Marion 30 Year FHA Refi | 2025-06-18 | 0% |
| Marion 30 Year USDA | 2025-06-18 | 0% |
| Marion 30 Year USDA Refi | 2025-06-18 | 0% |
| Marion 30 Year VA | 2025-06-18 | -0.1% |
| Marion 30 Year VA Refi | 2025-06-18 | 0.2% |
Marion 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 Marion, 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.).
Marion Average Closing Costs & Other Stats
Marion, IN's 75 lenders originated 1,159
loans during 2024. The total origination value was $148,915,000, with an average loan value of
$128,486.
Marion's average closing costs are $3,878.
The top Marion lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with
116 loans originated. Their average total fees are
$2,616, which is $1,636
lower than the next largest lender,
UNION HOME MORTGAGE CORP..
The lowest fee Marion lenders (with over 10 loans originated) are
Northwest Bank ($1,751), First Farmers Bank and Trust Company ($2,455), RUOFF MORTGAGE COMPANY, INC. ($2,616), STAR Financial Bank ($2,850) and Regions Bank ($2,956).
The lowest rate Marion lenders (with over 10 loans originated) are
STAR Financial Bank (6.46%), Northwest Bank (6.58%), RUOFF MORTGAGE COMPANY, INC. (6.77%), QUICKEN LOANS, LLC (6.79%) and Nations Lending Corporation (7.03%).
Marion, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| RUOFF MORTGAGE COMPANY, INC. | $19,755,000 | $30,230,000 | 53.0% | 20.3% |
| UNION HOME MORTGAGE CORP. | $9,440,000 | $11,225,000 | 18.9% | 7.5% |
| STAR Financial Bank | $6,850,000 | $7,840,000 | 14.5% | 5.3% |
| QUICKEN LOANS, LLC | $5,415,000 | $7,675,000 | 41.7% | 5.2% |
| Mortgage Research Center, LLC | $4,345,000 | $6,600,000 | 51.9% | 4.4% |
| First Farmers Bank and Trust Company | $6,710,000 | $6,365,000 | -5.1% | 4.3% |
| Regions Bank | $10,950,000 | $4,730,000 | -56.8% | 3.2% |
| Nations Lending Corporation | $2,780,000 | $3,690,000 | 32.7% | 2.5% |
| INDIANA MEMBERS CREDIT UNION | $1,685,000 | $3,640,000 | 116.0% | 2.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $480,000 | $3,140,000 | 554.2% | 2.1% |
| Northwest Bank | $3,560,000 | $3,020,000 | -15.2% | 2.0% |
| GVC MORTGAGE, INC. | $2,065,000 | $2,220,000 | 7.5% | 1.5% |
| Crossroads Bank | $650,000 | $2,190,000 | 236.9% | 1.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $940,000 | $2,140,000 | 127.7% | 1.4% |
| NEWREZ LLC | $775,000 | $2,070,000 | 167.1% | 1.4% |
| Horizon Bank | $1,260,000 | $1,915,000 | 52.0% | 1.3% |
| Three Rivers Federal Credit Union | $1,155,000 | $1,895,000 | 64.1% | 1.3% |
| Farm Credit Mid-America, ACA | $520,000 | $1,770,000 | 240.4% | 1.2% |
| NAVY FEDERAL CREDIT UNION | $1,760,000 | $1,580,000 | -10.2% | 1.1% |
| TRIAD FINANCIAL SERVICES, INC. | $1,590,000 | $1,465,000 | -7.9% | 1.0% |
| FREEDOM MORTGAGE CORPORATION | $905,000 | $1,455,000 | 60.8% | 1.0% |
| BEACON CREDIT UNION | $1,785,000 | $1,400,000 | -21.6% | 0.9% |
| NEW DAY FINANCIAL, LLC | $950,000 | $1,400,000 | 47.4% | 0.9% |
| Union Savings Bank | $1,380,000 | n/a | 0.9% | |
| Mr. Cooper ( Nationstar Mortgage ) | $365,000 | $1,195,000 | 227.4% | 0.8% |
| Fifth Third Bank | $525,000 | $1,175,000 | 123.8% | 0.8% |
| MEMBER FIRST MORTGAGE, LLC | $680,000 | $1,175,000 | 72.8% | 0.8% |
| The Huntington National Bank | $495,000 | $1,080,000 | 118.2% | 0.7% |
| BROKER SOLUTIONS, INC. | $695,000 | $975,000 | 40.3% | 0.7% |
| LOANPAL, LLC | $115,000 | $945,000 | 721.7% | 0.6% |
| PNC Bank | $315,000 | $870,000 | 176.2% | 0.6% |
| LOANDEPOT.COM, LLC | $1,050,000 | $865,000 | -17.6% | 0.6% |
| STOCKTON MORTGAGE CORPORATION | $965,000 | $855,000 | -11.4% | 0.6% |
| JPMorgan Chase Bank | $1,190,000 | $835,000 | -29.8% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $375,000 | $770,000 | 105.3% | 0.5% |
| Gateway First Bank | $750,000 | n/a | 0.5% | |
| INDIANA UNIVERSITY CREDIT UNION | $325,000 | $745,000 | 129.2% | 0.5% |
| 21ST MORTGAGE CORPORATION | $90,000 | $700,000 | 677.8% | 0.5% |
| Carrington Mortgage Services, LLC | $85,000 | $650,000 | 664.7% | 0.4% |
| FORUM Credit Union | $410,000 | $650,000 | 58.5% | 0.4% |
| ZILLOW HOME LOANS, LLC | $150,000 | $615,000 | 310.0% | 0.4% |
| First Merchants Bank | $1,210,000 | $605,000 | -50.0% | 0.4% |
| ROYAL UNITED MORTGAGE LLC | $945,000 | $600,000 | -36.5% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $325,000 | $560,000 | 72.3% | 0.4% |
| MIDWEST AMERICA | $305,000 | $550,000 | 80.3% | 0.4% |
| HALLMARK HOME MORTGAGE, LLC | $795,000 | $520,000 | -34.6% | 0.3% |
| First Financial Bank | $115,000 | $515,000 | 347.8% | 0.3% |
| MJW Financial LLC | $195,000 | $510,000 | 161.5% | 0.3% |
| GUILD MORTGAGE COMPANY | $470,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $685,000 | $430,000 | -37.2% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $425,000 | n/a | 0.3% | |
| Discover Bank | $420,000 | n/a | 0.3% | |
| VAN DYK MORTGAGE CORPORATION | $415,000 | n/a | 0.3% | |
| Bank of America | $400,000 | n/a | 0.3% | |
| VILLAGE CAPITAL MORTGAGE | $400,000 | n/a | 0.3% | |
| POLARIS HOME FUNDING CORP. | $395,000 | n/a | 0.3% | |
| The State Bank and Trust Company | $395,000 | $385,000 | -2.5% | 0.3% |
| FIRST COMMUNITY MORTGAGE, INC. | $380,000 | n/a | 0.3% | |
| 1ST SIGNATURE LENDING, LLC | $280,000 | $365,000 | 30.4% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $255,000 | $365,000 | 43.1% | 0.2% |
| ENDEAVOR CAPITAL, LLC. | $300,000 | $365,000 | 21.7% | 0.2% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $340,000 | n/a | 0.2% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $340,000 | n/a | 0.2% | |
| Old National Bank | $465,000 | $320,000 | -31.2% | 0.2% |
| FLAT BRANCH MORTGAGE, INC. | $180,000 | $315,000 | 75.0% | 0.2% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $315,000 | n/a | 0.2% | |
| First Financial Bank | $115,000 | $305,000 | 165.2% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $315,000 | $300,000 | -4.8% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $2,860,000 | $300,000 | -89.5% | 0.2% |
| Ipava State Bank | $275,000 | n/a | 0.2% | |
| RELIANCE FIRST CAPITAL, LLC | $260,000 | n/a | 0.2% | |
| SUN WEST MORTGAGE COMPANY, INC. | $205,000 | $260,000 | 26.8% | 0.2% |
| BETTER MORTGAGE CORPORATION | $255,000 | n/a | 0.2% | |
| Ixonia Bank | $255,000 | n/a | 0.2% | |
| NBKC BANK | $330,000 | $255,000 | -22.7% | 0.2% |
| The Federal Savings Bank | $255,000 | n/a | 0.2% | |
| American Mortgage Bank, LLC | $250,000 | n/a | 0.2% | |
| PREMIA MORTGAGE, LLC | $185,000 | $245,000 | 32.4% | 0.2% |
| TEACHERS CREDIT UNION | $350,000 | $245,000 | -30.0% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $350,000 | $240,000 | -31.4% | 0.2% |
| First Federal Savings Bank | $110,000 | $240,000 | 118.2% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $235,000 | n/a | 0.2% | |
| BMO Harris Bank | $255,000 | $230,000 | -9.8% | 0.2% |
| AMERICAN FINANCIAL RESOURCES, INC. | $225,000 | n/a | 0.2% | |
| Security Federal Savings Bank | $215,000 | n/a | 0.1% | |
| First Bank of Berne | $235,000 | $205,000 | -12.8% | 0.1% |
| ISERVE RESIDENTIAL LENDING, LLC | $205,000 | n/a | 0.1% | |
| LAKE MICHIGAN CREDIT UNION | $205,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $205,000 | n/a | 0.1% | |
| Plains Commerce Bank | $75,000 | $205,000 | 173.3% | 0.1% |
| Mid-Continent Funding, Inc. | $195,000 | n/a | 0.1% | |
| The Park National Bank | $195,000 | n/a | 0.1% | |
| American Mortgage & Equity Consultants, Inc. | $875,000 | $190,000 | -78.3% | 0.1% |
| Elements Financial Federal Credit Union | $55,000 | $190,000 | 245.5% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $185,000 | n/a | 0.1% | |
| Hometown Equity Mortgage, LLC | $85,000 | $185,000 | 117.6% | 0.1% |
| PLANET HOME LENDING, LLC | $185,000 | n/a | 0.1% | |
| Sierra Pacific Mortgage Company, Inc. | $165,000 | n/a | 0.1% | |
| SOUTHWEST FUNDING, LP | $165,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $155,000 | n/a | 0.1% | |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $570,000 | $155,000 | -72.8% | 0.1% |
| Solidarity Community Federal Credit Union | $140,000 | $155,000 | 10.7% | 0.1% |
| GENEVA FINANCIAL, LLC | $310,000 | $145,000 | -53.2% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $330,000 | $145,000 | -56.1% | 0.1% |
| Wells Fargo Bank | $355,000 | $145,000 | -59.2% | 0.1% |
| SOUTH CAROLINA FEDERAL CREDIT UNION | $135,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $130,000 | n/a | 0.1% | |
| Community First Bank of Indiana | $300,000 | $125,000 | -58.3% | 0.1% |
| EVANSVILLE TEACHERS | $120,000 | n/a | 0.1% | |
| PARTNERS 1ST Federal Credit Union | $215,000 | $120,000 | -44.2% | 0.1% |
| Figure Lending LLC | $50,000 | $115,000 | 130.0% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $115,000 | n/a | 0.1% | |
| The Peoples State Bank | $115,000 | n/a | 0.1% | |
| Blue Ridge Bank | $260,000 | $105,000 | -59.6% | 0.1% |
| The Farmers & Merchants State Bank | $105,000 | n/a | 0.1% | |
| The Loan Store, Inc. | $105,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $105,000 | n/a | 0.1% | |
| First Option Mortgage, LLC | $95,000 | n/a | 0.1% | |
| The Fountain Trust Company | $95,000 | n/a | 0.1% | |
| DOMINION FINANCIAL SERVICES, LLC | $85,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $235,000 | $85,000 | -63.8% | 0.1% |
| Wolfe Financial, Inc | $85,000 | n/a | 0.1% | |
| Park Lane Finance Solutions, LLC | $85,000 | $80,000 | -5.9% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $75,000 | n/a | 0.1% | |
| First Federal Bank of the Midwest | $65,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $370,000 | $65,000 | -82.4% | 0.0% |
| ProFed Federal Credit Union | $385,000 | $65,000 | -83.1% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $230,000 | $65,000 | -71.7% | 0.0% |
| FINANCIAL BUILDERS Federal Credit Union | $135,000 | $60,000 | -55.6% | 0.0% |
| SPRING EQ, LLC | $235,000 | $60,000 | -74.5% | 0.0% |
| CRANE | $55,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $55,000 | n/a | 0.0% | |
| Madison County Federal Credit Union | $25,000 | $55,000 | 120.0% | 0.0% |
| Citizens State Bank of New Castle | $65,000 | $45,000 | -30.8% | 0.0% |
| Toyota Financial Savings Bank | $45,000 | n/a | 0.0% | |
| 1st Source Bank | $25,000 | n/a | 0.0% | |
| Notre Dame Federal Credit Union Corporation | $25,000 | n/a | 0.0% | |
| FINANCIAL CENTER FIRST CREDIT UNION | $15,000 | n/a | 0.0% |
Marion's top lender by overall market share is RUOFF MORTGAGE COMPANY, INC., with 20.3% market share. In second place, with 7.5%, is UNION HOME MORTGAGE CORP., having originated $11,225,000 in loans. In third place, with 5.3%, is STAR Financial Bank, having originated $7,840,000 in loans. In fourth place, with 5.2%, is QUICKEN LOANS, LLC, having originated $7,675,000 in loans. In fifth place, with 4.4%, is Mortgage Research Center, LLC, having originated $6,600,000 in loans.
Marion, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 666 | $101,110,000 | $151,817 |
| Cash Out Refi | 214 | $23,640,000 | $110,467 |
| Home Improvement | 124 | $7,160,000 | $57,742 |
| Refi | 90 | $13,510,000 | $150,111 |
| Other | 64 | $3,400,000 | $53,125 |
| NA | 1 | $95,000 | $95,000 |
Marion's most frequently cited loan purpose was Home Purchase, with 666 originations. The 2nd most popular reason was Cash Out Refi, with 214 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 477 | $75,155,000 | $157,558 |
| 7-8% | 362 | $44,850,000 | $123,895 |
| Over 8% | 199 | $11,525,000 | $57,915 |
| 5-6% | 79 | $11,695,000 | $148,038 |
| 3-4% | 16 | $1,090,000 | $68,125 |
| 4-5% | 7 | $1,415,000 | $202,143 |
| <2.5% | 1 | $5,000 | $5,000 |
| 2.5-3% | 1 | $185,000 | $185,000 |
During 2024, Marion's most frequently originated rate bucket was 6-7%, with 477 originations.
Loan Sizing (Marion, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 510 | $26,800,000 | $52,549 |
| $100k-200k | 448 | $62,670,000 | $139,888 |
| $200k-400k | 181 | $47,095,000 | $260,193 |
| $400k-600k | 14 | $6,220,000 | $444,286 |
| $600k-1000k | 3 | $1,925,000 | $641,667 |
| $Over $1MM | 3 | $4,205,000 | $1,401,667 |
Marion's loan sizing saw the bucket of loans from $100,000 or less with 510 originations, totaling $26,800,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 537 | $88,555,000 | $164,907 |
| 60-80% | 201 | $29,305,000 | $145,796 |
| 20-40% | 131 | $8,155,000 | $62,252 |
| Under 20% | 121 | $3,785,000 | $31,281 |
| 40-60% | 76 | $7,530,000 | $99,079 |
| Over 100% | 11 | $3,635,000 | $330,455 |
Marion's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 537 originations, totaling $88,555,000 in origination value.