Mount Vernon Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mount Vernon averaged
6.87%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
6.87% and
one month ago for the week of 2025-05-29, the
average rate was 6.89%.
Mount Vernon's average rate one year ago was 7.16%.
For refis of the same type during the week of 2025-07-03, the average rate
was 6.97%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Mount Vernon 30 Year Fixed Rate | 2025-07-03 | 6.87% |
| Mount Vernon 30 Year Fixed Rate Refi | 2025-07-03 | 6.97% |
| Mount Vernon 15 Year Fixed Rate | 2025-07-03 | 5.6% |
| Mount Vernon 15 Year Fixed Rate Refi | 2025-07-03 | 6.1% |
| Mount Vernon 30 Year FHA | 2025-07-03 | -0.03% |
| Mount Vernon 30 Year FHA Refi | 2025-07-03 | 0% |
| Mount Vernon 30 Year USDA | 2025-07-03 | -0.2% |
| Mount Vernon 30 Year USDA Refi | 2025-07-03 | -0.2% |
| Mount Vernon 30 Year VA | 2025-07-03 | 0% |
| Mount Vernon 30 Year VA Refi | 2025-07-03 | -0.2% |
Mount Vernon 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 Mount Vernon, 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.).
Mount Vernon Average Closing Costs & Other Stats
Mount Vernon, OH's 99 lenders originated 1,428
loans during 2024. The total origination value was $280,860,000, with an average loan value of
$196,681.
Mount Vernon's average closing costs are $4,758.
The top Mount Vernon lender as defined by loan originations is The Park National Bank, with
80 loans originated. Their average total fees are
$4,092, which is $2,847
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Mount Vernon lenders (with over 10 loans originated) are
PNC Bank ($3,435), RUOFF MORTGAGE COMPANY, INC. ($3,521), EQUITY RESOURCES, INC. ($3,527), The Park National Bank ($4,092) and JPMorgan Chase Bank ($4,385).
The lowest rate Mount Vernon lenders (with over 10 loans originated) are
EQUITY RESOURCES, INC. (6.61%), QUICKEN LOANS, LLC (6.73%), RUOFF MORTGAGE COMPANY, INC. (6.77%), PNC Bank (6.79%) and UNITED WHOLESALE MORTGAGE, LLC (6.84%).
Mount Vernon, 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 |
|---|---|---|---|---|
| The Park National Bank | $33,705,000 | $34,705,000 | 3.0% | 12.4% |
| The Huntington National Bank | $15,190,000 | $16,465,000 | 8.4% | 5.9% |
| UNION HOME MORTGAGE CORP. | $9,230,000 | $15,950,000 | 72.8% | 5.7% |
| QUICKEN LOANS, LLC | $11,655,000 | $15,170,000 | 30.2% | 5.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $11,305,000 | $13,590,000 | 20.2% | 4.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $6,150,000 | $10,395,000 | 69.0% | 3.7% |
| RUOFF MORTGAGE COMPANY, INC. | $9,320,000 | $7,700,000 | -17.4% | 2.7% |
| Farm Credit Mid-America, ACA | $4,185,000 | $6,830,000 | 63.2% | 2.4% |
| PNC Bank | $5,495,000 | $6,335,000 | 15.3% | 2.3% |
| NFM, INC. | $7,555,000 | $5,485,000 | -27.4% | 2.0% |
| FREEDOM MORTGAGE CORPORATION | $2,520,000 | $5,410,000 | 114.7% | 1.9% |
| JPMorgan Chase Bank | $625,000 | $4,990,000 | 698.4% | 1.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $5,435,000 | $4,545,000 | -16.4% | 1.6% |
| EQUITY RESOURCES, INC. | $3,915,000 | $4,380,000 | 11.9% | 1.6% |
| Mortgage Research Center, LLC | $3,415,000 | $4,375,000 | 28.1% | 1.6% |
| Union Savings Bank | $3,405,000 | $4,000,000 | 17.5% | 1.4% |
| C E S | $3,245,000 | $3,905,000 | 20.3% | 1.4% |
| NEWREZ LLC | $1,035,000 | $3,510,000 | 239.1% | 1.2% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $1,210,000 | $3,375,000 | 178.9% | 1.2% |
| GSF Mortgage Corporation | $1,635,000 | $3,090,000 | 89.0% | 1.1% |
| Third Federal Savings and Loan Association of Cleveland | $1,970,000 | $2,975,000 | 51.0% | 1.1% |
| First Commonwealth Bank | $4,975,000 | $2,895,000 | -41.8% | 1.0% |
| Heartland Bank | $20,990,000 | $2,885,000 | -86.3% | 1.0% |
| Fifth Third Bank | $1,470,000 | $2,655,000 | 80.6% | 0.9% |
| Mechanics Bank | $1,095,000 | $2,655,000 | 142.5% | 0.9% |
| THE EQUITABLE MORTGAGE CORPORATION | $2,185,000 | $2,365,000 | 8.2% | 0.8% |
| HOMESIDE FINANCIAL, LLC | $225,000 | $2,325,000 | 933.3% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $1,060,000 | $2,325,000 | 119.3% | 0.8% |
| First Financial Bank | $2,195,000 | $1,955,000 | -10.9% | 0.7% |
| WRIGHT-PATT CREDIT UNION, INC. | $850,000 | $1,800,000 | 111.8% | 0.6% |
| The State Bank and Trust Company | $2,000,000 | $1,765,000 | -11.8% | 0.6% |
| U.S. Bank | $1,255,000 | $1,750,000 | 39.4% | 0.6% |
| NEW DAY FINANCIAL, LLC | $480,000 | $1,650,000 | 243.8% | 0.6% |
| Nations Lending Corporation | $665,000 | $1,535,000 | 130.8% | 0.5% |
| KEMBA FINANCIAL | $1,385,000 | $1,510,000 | 9.0% | 0.5% |
| LAKEVIEW LOAN SERVICING, LLC | $1,510,000 | n/a | 0.5% | |
| USAA Federal Savings Bank | $235,000 | $1,505,000 | 540.4% | 0.5% |
| DEEPHAVEN MORTGAGE LLC | $1,470,000 | n/a | 0.5% | |
| LOANDEPOT.COM, LLC | $1,520,000 | $1,470,000 | -3.3% | 0.5% |
| GUARANTEED RATE, INC. | $2,430,000 | $1,445,000 | -40.5% | 0.5% |
| T2 FINANCIAL LLC | $1,130,000 | $1,410,000 | 24.8% | 0.5% |
| CNB Bank | $1,660,000 | $1,335,000 | -19.6% | 0.5% |
| First Merchants Bank | $805,000 | $1,180,000 | 46.6% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $960,000 | $1,180,000 | 22.9% | 0.4% |
| LOANPAL, LLC | $1,115,000 | n/a | 0.4% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $245,000 | $1,095,000 | 346.9% | 0.4% |
| Peoples Bank | $640,000 | $1,070,000 | 67.2% | 0.4% |
| The Farmers National Bank of Canfield | $1,055,000 | n/a | 0.4% | |
| AMERISAVE MORTGAGE CORPORATION | $825,000 | $1,035,000 | 25.5% | 0.4% |
| First Federal Savings and Loan Association of Lakewood | $2,300,000 | $1,020,000 | -55.7% | 0.4% |
| First National Bank of Bellevue | $510,000 | $905,000 | 77.5% | 0.3% |
| The Community Bank | $1,090,000 | $905,000 | -17.0% | 0.3% |
| GUARANTEED RATE AFFINITY, LLC | $680,000 | $895,000 | 31.6% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $895,000 | n/a | 0.3% | |
| First Federal Community Bank of Bucyrus | $255,000 | $890,000 | 249.0% | 0.3% |
| DAS Acquisition Company, LLC | $880,000 | n/a | 0.3% | |
| Mr. Cooper ( Nationstar Mortgage ) | $1,365,000 | $880,000 | -35.5% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $690,000 | $860,000 | 24.6% | 0.3% |
| FIRST OHIO HOME FINANCE, INC. | $260,000 | $855,000 | 228.8% | 0.3% |
| MID AMERICA MORTGAGE, INC. | $835,000 | n/a | 0.3% | |
| K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. | $830,000 | n/a | 0.3% | |
| DIRECT MORTGAGE LOANS, LLC | $810,000 | n/a | 0.3% | |
| Citizens Bank | $990,000 | $800,000 | -19.2% | 0.3% |
| Figure Lending LLC | $450,000 | $800,000 | 77.8% | 0.3% |
| Plains Commerce Bank | $105,000 | $795,000 | 657.1% | 0.3% |
| BMI Federal Credit Union | $270,000 | $780,000 | 188.9% | 0.3% |
| CHURCHILL MORTGAGE CORPORATION | $1,120,000 | $775,000 | -30.8% | 0.3% |
| TELHIO | $490,000 | $775,000 | 58.2% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $765,000 | n/a | 0.3% | |
| Flagstar Bank, FSB | $995,000 | $765,000 | -23.1% | 0.3% |
| AG Credit, Agricultural Credit Association | $355,000 | $685,000 | 93.0% | 0.2% |
| The Old Fort Banking Company | $235,000 | $685,000 | 191.5% | 0.2% |
| Raymond James Bank | $665,000 | n/a | 0.2% | |
| GENEVA FINANCIAL, LLC | $165,000 | $660,000 | 300.0% | 0.2% |
| LAKE MICHIGAN CREDIT UNION | $655,000 | n/a | 0.2% | |
| FIRST COMMUNITY MORTGAGE, INC. | $805,000 | $610,000 | -24.2% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $340,000 | $605,000 | 77.9% | 0.2% |
| WesBanco | $105,000 | $590,000 | 461.9% | 0.2% |
| Texana Bank | $575,000 | n/a | 0.2% | |
| ALLIANT CREDIT UNION | $560,000 | n/a | 0.2% | |
| POLARIS HOME FUNDING CORP. | $410,000 | $560,000 | 36.6% | 0.2% |
| Fidelity Federal Savings and Loan Association | $550,000 | n/a | 0.2% | |
| Barrington Bank & Trust Company, N.A. | $525,000 | $540,000 | 2.9% | 0.2% |
| HONDA Federal Credit Union | $540,000 | n/a | 0.2% | |
| THE VINTON COUNTY NATIONAL BANK | $230,000 | $535,000 | 132.6% | 0.2% |
| First Federal Savings and Loan Association | $710,000 | $530,000 | -25.4% | 0.2% |
| Bank of Magnolia Company | $505,000 | n/a | 0.2% | |
| J. VIRGIL, INC. | $310,000 | $500,000 | 61.3% | 0.2% |
| Equity Prime Mortgage LLC | $485,000 | n/a | 0.2% | |
| Ally Bank | $480,000 | n/a | 0.2% | |
| AmRes Corporation | $465,000 | n/a | 0.2% | |
| UNITED MORTGAGE CORP | $460,000 | n/a | 0.2% | |
| Charles Schwab Bank, SSB | $435,000 | n/a | 0.2% | |
| GUILD MORTGAGE COMPANY | $470,000 | $420,000 | -10.6% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $35,000 | $420,000 | 1,100.0% | 0.1% |
| The Union Bank Company | $270,000 | $420,000 | 55.6% | 0.1% |
| Magnolia Bank | $415,000 | n/a | 0.1% | |
| Civista Bank | $675,000 | $410,000 | -39.3% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $405,000 | n/a | 0.1% | |
| NBKC BANK | $900,000 | $405,000 | -55.0% | 0.1% |
| The Commercial and Savings Bank of Millersburg Ohio | $440,000 | $405,000 | -8.0% | 0.1% |
| CARDINAL FINANCIAL | $230,000 | $395,000 | 71.7% | 0.1% |
| SIRVA MORTGAGE, INC. | $385,000 | n/a | 0.1% | |
| Discover Bank | $775,000 | $370,000 | -52.3% | 0.1% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $615,000 | $365,000 | -40.7% | 0.1% |
| Directions Credit Union, Inc. | $360,000 | n/a | 0.1% | |
| DOMINION FINANCIAL SERVICES, LLC | $355,000 | n/a | 0.1% | |
| First State Bank | $355,000 | n/a | 0.1% | |
| LIBERTY HOME MORTGAGE CORPORATION | $350,000 | $350,000 | 0.0% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $350,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $275,000 | $340,000 | 23.6% | 0.1% |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $330,000 | n/a | 0.1% | |
| BROKER SOLUTIONS, INC. | $655,000 | $325,000 | -50.4% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $325,000 | n/a | 0.1% | |
| East Coast Capital Corp. | $440,000 | $315,000 | -28.4% | 0.1% |
| FIRST COLONY MORTGAGE CORPORATION | $315,000 | n/a | 0.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $105,000 | $315,000 | 200.0% | 0.1% |
| CLEARPATH LENDING | $305,000 | n/a | 0.1% | |
| Elements Financial Federal Credit Union | $295,000 | n/a | 0.1% | |
| First Federal Bank of the Midwest | $1,375,000 | $295,000 | -78.5% | 0.1% |
| UNITED | $290,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $280,000 | n/a | 0.1% | |
| HOMESPIRE MORTGAGE CORPORATION | $115,000 | $280,000 | 143.5% | 0.1% |
| FIRST TECHNOLOGY | $275,000 | n/a | 0.1% | |
| First National Bank of Pennsylvania | $230,000 | $270,000 | 17.4% | 0.1% |
| The Federal Savings Bank | $455,000 | $265,000 | -41.8% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $175,000 | $260,000 | 48.6% | 0.1% |
| MICHIGAN MUTUAL, INC. | $480,000 | $255,000 | -46.9% | 0.1% |
| Pathways Financial Credit Union, Inc. | $250,000 | n/a | 0.1% | |
| Prosperity Home Mortgage, LLC | $245,000 | n/a | 0.1% | |
| CMG MORTGAGE, INC. | $225,000 | n/a | 0.1% | |
| Bank of England | $255,000 | $215,000 | -15.7% | 0.1% |
| KeyBank | $240,000 | $215,000 | -10.4% | 0.1% |
| First American Bank | $150,000 | $205,000 | 36.7% | 0.1% |
| Hometown Equity Mortgage, LLC | $195,000 | n/a | 0.1% | |
| Merchants Bank of Indiana | $195,000 | n/a | 0.1% | |
| S1L, Inc. | $195,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $460,000 | $195,000 | -57.6% | 0.1% |
| Park Lane Finance Solutions, LLC | $190,000 | n/a | 0.1% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $520,000 | $185,000 | -64.4% | 0.1% |
| SPRING EQ, LLC | $105,000 | $180,000 | 71.4% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $180,000 | n/a | 0.1% | |
| CME Federal Credit Union | $710,000 | $175,000 | -75.4% | 0.1% |
| Wayne Savings Community Bank | $175,000 | $175,000 | 0.0% | 0.1% |
| Bank of America | $620,000 | $170,000 | -72.6% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $215,000 | $165,000 | -23.3% | 0.1% |
| BAYER HERITAGE | $165,000 | n/a | 0.1% | |
| Commerce Home Mortgage, Inc. | $165,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $315,000 | $165,000 | -47.6% | 0.1% |
| TJC Mortgage, Inc. | $155,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $240,000 | $155,000 | -35.4% | 0.1% |
| TOWNE MORTGAGE COMPANY | $155,000 | n/a | 0.1% | |
| CINFED Federal Credit Union | $145,000 | n/a | 0.1% | |
| Truist | $145,000 | n/a | 0.1% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $135,000 | n/a | 0.0% | |
| BMO Harris Bank | $135,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $460,000 | $125,000 | -72.8% | 0.0% |
| ATOMIC CREDIT UNION, INC. | $125,000 | n/a | 0.0% | |
| Carrington Mortgage Services, LLC | $440,000 | $125,000 | -71.6% | 0.0% |
| TrueCore Federal Credit Union | $630,000 | $125,000 | -80.2% | 0.0% |
| FIRST SERVICE FCU | $115,000 | n/a | 0.0% | |
| M&T Bank | $280,000 | $95,000 | -66.1% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $95,000 | n/a | 0.0% | |
| Citibank | $75,000 | n/a | 0.0% | |
| Coastal Community Bank | $295,000 | $65,000 | -78.0% | 0.0% |
| HOPEWELL Federal Credit Union | $160,000 | $60,000 | -62.5% | 0.0% |
| 21ST MORTGAGE CORPORATION | $265,000 | $55,000 | -79.2% | 0.0% |
| TOGETHER CREDIT UNION | $55,000 | n/a | 0.0% | |
| Wells Fargo Bank | $1,720,000 | $55,000 | -96.8% | 0.0% |
| BRIDGE | $110,000 | $45,000 | -59.1% | 0.0% |
| MOVEMENT MORTGAGE, LLC | $135,000 | $35,000 | -74.1% | 0.0% |
| Baxter Credit Union | $190,000 | $25,000 | -86.8% | 0.0% |
| Service Federal Credit Union | $25,000 | n/a | 0.0% |
Mount Vernon's top lender by overall market share is The Park National Bank, with 12.4% market share. In second place, with 5.9%, is The Huntington National Bank, having originated $16,465,000 in loans. In third place, with 5.7%, is UNION HOME MORTGAGE CORP., having originated $15,950,000 in loans. In fourth place, with 5.4%, is QUICKEN LOANS, LLC, having originated $15,170,000 in loans. In fifth place, with 4.8%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $13,590,000 in loans.
Mount Vernon, OH Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 695 | $179,805,000 | $258,712 |
| Cash Out Refi | 220 | $36,810,000 | $167,318 |
| Refi | 182 | $34,640,000 | $190,330 |
| Home Improvement | 174 | $15,350,000 | $88,218 |
| Other | 157 | $14,255,000 | $90,796 |
Mount Vernon's most frequently cited loan purpose was Home Purchase, with 695 originations. The 2nd most popular reason was Cash Out Refi, with 220 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 512 | $122,570,000 | $239,395 |
| Over 8% | 360 | $37,180,000 | $103,278 |
| 7-8% | 349 | $75,435,000 | $216,146 |
| 5-6% | 133 | $33,935,000 | $255,150 |
| <2.5% | 5 | $35,000 | $7,000 |
| 4-5% | 5 | $1,215,000 | $243,000 |
| 3-4% | 4 | $710,000 | $177,500 |
| 2.5-3% | 3 | $105,000 | $35,000 |
During 2024, Mount Vernon's most frequently originated rate bucket was 6-7%, with 512 originations.
Loan Sizing (Mount Vernon, OH MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 452 | $125,140,000 | $276,858 |
| $100k-200k | 450 | $67,620,000 | $150,267 |
| $100,000 or less | 404 | $22,250,000 | $55,074 |
| $400k-600k | 98 | $46,550,000 | $475,000 |
| $600k-1000k | 20 | $14,380,000 | $719,000 |
| $Over $1MM | 4 | $4,920,000 | $1,230,000 |
Mount Vernon's loan sizing saw the bucket of loans from $200k-400k with 452 originations, totaling $125,140,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 476 | $130,570,000 | $274,307 |
| 60-80% | 278 | $64,720,000 | $232,806 |
| 20-40% | 225 | $24,515,000 | $108,956 |
| Under 20% | 211 | $10,575,000 | $50,118 |
| 40-60% | 136 | $27,640,000 | $203,235 |
| Over 100% | 18 | $5,380,000 | $298,889 |
Mount Vernon's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 476 originations, totaling $130,570,000 in origination value.