Marion Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Marion averaged
6.99%
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
7.22% and
one month ago for the week of 2025-05-15, the
average rate was 6.79%.
Marion's average rate one year ago was 7.33%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.11%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Marion 30 Year Fixed Rate | 2025-06-18 | 6.99% |
| Marion 30 Year Fixed Rate Refi | 2025-06-18 | 7.11% |
| Marion 15 Year Fixed Rate | 2025-06-18 | 5.96% |
| Marion 15 Year Fixed Rate Refi | 2025-06-18 | 6.56% |
| Marion 30 Year FHA | 2025-06-18 | 0.41% |
| Marion 30 Year FHA Refi | 2025-06-18 | -0.2% |
| Marion 30 Year USDA | 2025-06-18 | -0.1% |
| Marion 30 Year USDA Refi | 2025-06-18 | -0.1% |
| Marion 30 Year VA | 2025-06-18 | -0.2% |
| Marion 30 Year VA Refi | 2025-06-18 | -0.1% |
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, 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.).
Marion Average Closing Costs & Other Stats
Marion, OH's 68 lenders originated 1,266
loans during 2024. The total origination value was $203,960,000, with an average loan value of
$161,106.
Marion's average closing costs are $4,562.
The top Marion lender as defined by loan originations is UNION HOME MORTGAGE CORP., with
79 loans originated. Their average total fees are
$5,356, which is $263
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Marion lenders (with over 10 loans originated) are
JPMorgan Chase Bank ($2,941), UNITED ($3,053), First Federal Bank of the Midwest ($3,297), The Huntington National Bank ($3,440) and NFM, INC. ($4,642).
The lowest rate Marion lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.70%), First Federal Bank of the Midwest (6.71%), CROSSCOUNTRY MORTGAGE, LLC (6.88%), The Huntington National Bank (6.91%) and UNITED (6.93%).
Marion, 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 |
|---|---|---|---|---|
| UNION HOME MORTGAGE CORP. | $18,545,000 | $23,175,000 | 25.0% | 11.4% |
| QUICKEN LOANS, LLC | $11,940,000 | $15,960,000 | 33.7% | 7.8% |
| Merchants Capital Corp. | $13,425,000 | n/a | 6.6% | |
| First Federal Bank of the Midwest | $9,880,000 | $11,795,000 | 19.4% | 5.8% |
| UNITED | $7,470,000 | $9,280,000 | 24.2% | 4.5% |
| The Huntington National Bank | $10,035,000 | $8,755,000 | -12.8% | 4.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $4,690,000 | $7,590,000 | 61.8% | 3.7% |
| Merchants Bank of Indiana | $7,115,000 | n/a | 3.5% | |
| NFM, INC. | $5,085,000 | $6,370,000 | 25.3% | 3.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,535,000 | $4,235,000 | 67.1% | 2.1% |
| Mortgage Research Center, LLC | $2,225,000 | $4,105,000 | 84.5% | 2.0% |
| HOMESIDE FINANCIAL, LLC | $835,000 | $4,075,000 | 388.0% | 2.0% |
| JPMorgan Chase Bank | $2,845,000 | $3,770,000 | 32.5% | 1.8% |
| Fifth Third Bank | $3,100,000 | $3,345,000 | 7.9% | 1.6% |
| The Union Bank Company | $2,085,000 | $3,115,000 | 49.4% | 1.5% |
| AG Credit, Agricultural Credit Association | $3,200,000 | $2,950,000 | -7.8% | 1.4% |
| PNC Bank | $2,830,000 | $2,645,000 | -6.5% | 1.3% |
| PENNYMAC LOAN SERVICES, LLC | $1,940,000 | $2,510,000 | 29.4% | 1.2% |
| The Park National Bank | $6,045,000 | $2,505,000 | -58.6% | 1.2% |
| First Citizens National Bank | $2,955,000 | $2,355,000 | -20.3% | 1.2% |
| FREEDOM MORTGAGE CORPORATION | $970,000 | $2,315,000 | 138.7% | 1.1% |
| NEWREZ LLC | $1,380,000 | $2,255,000 | 63.4% | 1.1% |
| RUOFF MORTGAGE COMPANY, INC. | $2,820,000 | $2,250,000 | -20.2% | 1.1% |
| PLANET HOME LENDING, LLC | $400,000 | $2,135,000 | 433.8% | 1.0% |
| HONDA Federal Credit Union | $620,000 | $1,985,000 | 220.2% | 1.0% |
| KEMBA FINANCIAL | $665,000 | $1,855,000 | 178.9% | 0.9% |
| THE EQUITABLE MORTGAGE CORPORATION | $1,690,000 | $1,715,000 | 1.5% | 0.8% |
| First Federal Community Bank of Bucyrus | $365,000 | $1,495,000 | 309.6% | 0.7% |
| LOANDEPOT.COM, LLC | $685,000 | $1,455,000 | 112.4% | 0.7% |
| EQUITY RESOURCES, INC. | $1,110,000 | $1,375,000 | 23.9% | 0.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,540,000 | $1,370,000 | -11.0% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $560,000 | $1,265,000 | 125.9% | 0.6% |
| AmeriHome Mortgage Company, LLC | $425,000 | $1,255,000 | 195.3% | 0.6% |
| T2 FINANCIAL LLC | $1,290,000 | $1,250,000 | -3.1% | 0.6% |
| GSF Mortgage Corporation | $250,000 | $1,245,000 | 398.0% | 0.6% |
| MID AMERICA MORTGAGE, INC. | $565,000 | $1,180,000 | 108.8% | 0.6% |
| CNB Bank | $2,765,000 | $1,175,000 | -57.5% | 0.6% |
| RAPID MORTGAGE COMPANY | $680,000 | $1,100,000 | 61.8% | 0.5% |
| GUARANTEED RATE, INC. | $1,075,000 | $1,055,000 | -1.9% | 0.5% |
| WRIGHT-PATT CREDIT UNION, INC. | $490,000 | $990,000 | 102.0% | 0.5% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,225,000 | $935,000 | -23.7% | 0.5% |
| GUILD MORTGAGE COMPANY | $370,000 | $930,000 | 151.4% | 0.5% |
| Third Federal Savings and Loan Association of Cleveland | $565,000 | $885,000 | 56.6% | 0.4% |
| ROYAL UNITED MORTGAGE LLC | $400,000 | $815,000 | 103.8% | 0.4% |
| Civista Bank | $830,000 | $810,000 | -2.4% | 0.4% |
| GUARANTEED RATE AFFINITY, LLC | $935,000 | $785,000 | -16.0% | 0.4% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $155,000 | $765,000 | 393.5% | 0.4% |
| U.S. Bank | $700,000 | $765,000 | 9.3% | 0.4% |
| VILLAGE CAPITAL MORTGAGE | $725,000 | n/a | 0.4% | |
| The State Bank and Trust Company | $620,000 | $705,000 | 13.7% | 0.3% |
| BROKER SOLUTIONS, INC. | $560,000 | $695,000 | 24.1% | 0.3% |
| Fidelity Federal Savings and Loan Association | $450,000 | $675,000 | 50.0% | 0.3% |
| Carrington Mortgage Services, LLC | $1,095,000 | $635,000 | -42.0% | 0.3% |
| Figure Lending LLC | $405,000 | $610,000 | 50.6% | 0.3% |
| LIBERTY HOME MORTGAGE CORPORATION | $395,000 | $610,000 | 54.4% | 0.3% |
| MEMBER FIRST MORTGAGE, LLC | $595,000 | n/a | 0.3% | |
| Citizens Bank | $300,000 | $580,000 | 93.3% | 0.3% |
| FIRST OHIO HOME FINANCE, INC. | $1,560,000 | $580,000 | -62.8% | 0.3% |
| SUN WEST MORTGAGE COMPANY, INC. | $325,000 | $565,000 | 73.8% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $555,000 | n/a | 0.3% | |
| CALCON MUTUAL MORTGAGE LLC | $515,000 | n/a | 0.3% | |
| Paramount Residential Mortgage Group, Inc. | $175,000 | $505,000 | 188.6% | 0.2% |
| Premium Mortgage Corporation | $495,000 | n/a | 0.2% | |
| MOVEMENT MORTGAGE, LLC | $480,000 | n/a | 0.2% | |
| Barrington Bank & Trust Company, N.A. | $550,000 | $475,000 | -13.6% | 0.2% |
| NEW DAY FINANCIAL, LLC | $235,000 | $470,000 | 100.0% | 0.2% |
| AMERICAN FINANCING CORPORATION | $45,000 | $460,000 | 922.2% | 0.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $425,000 | $445,000 | 4.7% | 0.2% |
| Cf Bank | $125,000 | $420,000 | 236.0% | 0.2% |
| BETTER MORTGAGE CORPORATION | $405,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $435,000 | $405,000 | -6.9% | 0.2% |
| ZILLOW HOME LOANS, LLC | $255,000 | $405,000 | 58.8% | 0.2% |
| Hometown Equity Mortgage, LLC | $400,000 | n/a | 0.2% | |
| NAVY FEDERAL CREDIT UNION | $815,000 | $400,000 | -50.9% | 0.2% |
| GENEVA FINANCIAL, LLC | $275,000 | $385,000 | 40.0% | 0.2% |
| BMI Federal Credit Union | $155,000 | $380,000 | 145.2% | 0.2% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $425,000 | $380,000 | -10.6% | 0.2% |
| Farm Credit Mid-America, ACA | $365,000 | n/a | 0.2% | |
| AMERISAVE MORTGAGE CORPORATION | $305,000 | $360,000 | 18.0% | 0.2% |
| KeyBank | $365,000 | $360,000 | -1.4% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,035,000 | $360,000 | -65.2% | 0.2% |
| Superior Credit Union, Inc. | $1,115,000 | $350,000 | -68.6% | 0.2% |
| SPRING EQ, LLC | $140,000 | $335,000 | 139.3% | 0.2% |
| Discover Bank | $490,000 | $330,000 | -32.7% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $340,000 | $330,000 | -2.9% | 0.2% |
| NETWORK CAPITAL FUNDING CORPORATION | $315,000 | n/a | 0.2% | |
| First Federal Bank of Ohio | $305,000 | n/a | 0.1% | |
| MYCUMORTGAGE, LLC | $295,000 | n/a | 0.1% | |
| Union Savings Bank | $2,770,000 | $285,000 | -89.7% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $270,000 | n/a | 0.1% | |
| The Middlefield Banking Company | $205,000 | $270,000 | 31.7% | 0.1% |
| Wells Fargo Bank | $310,000 | $250,000 | -19.4% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $245,000 | n/a | 0.1% | |
| SENTE MORTGAGE, INC. | $245,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $410,000 | $240,000 | -41.5% | 0.1% |
| First National Bank of America | $235,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $215,000 | n/a | 0.1% | |
| Gateway First Bank | $240,000 | $215,000 | -10.4% | 0.1% |
| Toyota Financial Savings Bank | $215,000 | n/a | 0.1% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $65,000 | $215,000 | 230.8% | 0.1% |
| LENDINGONE, LLC | $190,000 | n/a | 0.1% | |
| TELHIO | $55,000 | $190,000 | 245.5% | 0.1% |
| DIGNIFIED HOME LOANS, LLC | $185,000 | n/a | 0.1% | |
| The Richwood Banking Company | $1,105,000 | $185,000 | -83.3% | 0.1% |
| AmRes Corporation | $165,000 | n/a | 0.1% | |
| CME Federal Credit Union | $165,000 | n/a | 0.1% | |
| First Federal Savings and Loan Association | $165,000 | n/a | 0.1% | |
| LOANPAL, LLC | $75,000 | $155,000 | 106.7% | 0.1% |
| Flagstar Bank, FSB | $700,000 | $150,000 | -78.6% | 0.1% |
| CMG MORTGAGE, INC. | $145,000 | n/a | 0.1% | |
| Pathways Financial Credit Union, Inc. | $505,000 | $145,000 | -71.3% | 0.1% |
| US MORTGAGE CORPORATION | $145,000 | n/a | 0.1% | |
| Coastal Community Bank | $390,000 | $130,000 | -66.7% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $125,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $250,000 | $125,000 | -50.0% | 0.1% |
| The Federal Savings Bank | $1,310,000 | $125,000 | -90.5% | 0.1% |
| A&D Mortgage LLC | $105,000 | n/a | 0.1% | |
| EVANSVILLE TEACHERS | $105,000 | n/a | 0.1% | |
| Heartland Bank | $500,000 | $105,000 | -79.0% | 0.1% |
| Nations Lending Corporation | $105,000 | n/a | 0.1% | |
| NEXERA HOLDING LLC | $105,000 | n/a | 0.1% | |
| CORPORATE AMERICA FAMILY | $100,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $85,000 | n/a | 0.0% | |
| CARDINAL FINANCIAL | $195,000 | $85,000 | -56.4% | 0.0% |
| INOVA FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $95,000 | $85,000 | -10.5% | 0.0% |
| NexBank | $75,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| Connexus Credit Union | $45,000 | n/a | 0.0% | |
| SUN Federal Credit Union | $125,000 | $35,000 | -72.0% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% |
Marion's top lender by overall market share is UNION HOME MORTGAGE CORP., with 11.4% market share. In second place, with 7.8%, is QUICKEN LOANS, LLC, having originated $15,960,000 in loans. In third place, with 6.6%, is Merchants Capital Corp., having originated $13,425,000 in loans. In fourth place, with 5.8%, is First Federal Bank of the Midwest, having originated $11,795,000 in loans. In fifth place, with 4.5%, is UNITED, having originated $9,280,000 in loans.
Marion, OH Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 681 | $135,395,000 | $198,818 |
| Cash Out Refi | 187 | $25,805,000 | $137,995 |
| Home Improvement | 151 | $9,345,000 | $61,887 |
| Refi | 130 | $25,540,000 | $196,462 |
| Other | 116 | $7,710,000 | $66,466 |
| NA | 1 | $165,000 | $165,000 |
Marion's most frequently cited loan purpose was Home Purchase, with 681 originations. The 2nd most popular reason was Cash Out Refi, with 187 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 451 | $81,525,000 | $180,765 |
| 7-8% | 330 | $49,410,000 | $149,727 |
| Over 8% | 309 | $30,165,000 | $97,621 |
| 5-6% | 127 | $23,785,000 | $187,283 |
| 4-5% | 9 | $1,125,000 | $125,000 |
| <2.5% | 6 | $40,000 | $6,667 |
| 2.5-3% | 1 | $5,000 | $5,000 |
During 2024, Marion's most frequently originated rate bucket was 6-7%, with 451 originations.
Loan Sizing (Marion, OH MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 492 | $70,080,000 | $142,439 |
| $100,000 or less | 475 | $26,795,000 | $56,411 |
| $200k-400k | 267 | $71,165,000 | $266,536 |
| $400k-600k | 25 | $11,915,000 | $476,600 |
| $600k-1000k | 5 | $3,465,000 | $693,000 |
| $Over $1MM | 2 | $20,540,000 | $10,270,000 |
Marion's loan sizing saw the bucket of loans from $100k-200k with 492 originations, totaling $70,080,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 535 | $101,045,000 | $188,869 |
| 60-80% | 218 | $43,750,000 | $200,688 |
| 20-40% | 161 | $11,785,000 | $73,199 |
| Under 20% | 158 | $5,710,000 | $36,139 |
| 40-60% | 122 | $14,370,000 | $117,787 |
| Over 100% | 17 | $4,765,000 | $280,294 |
Marion's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 535 originations, totaling $101,045,000 in origination value.