Mount Vernon Mortgage Rates

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Mount Vernon averaged 6.16% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

The average rate for the prior week (2022-06-16) was 5.73% and one month ago for the week of 2022-05-19, the average rate was 5.3%.

Mount Vernon's average rate one year ago was 3.18%.

For refis of the same type during the week of 2022-06-23, the average rate was 5.78%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Mount Vernon 30 Year Fixed Rate 2022-06-23 6.16%
Mount Vernon 30 Year Fixed Rate Refi 2022-06-23 5.78%
Mount Vernon 15 Year Fixed Rate 2022-06-23 5.4%
Mount Vernon 15 Year Fixed Rate Refi 2022-06-23 5.27%
Mount Vernon 30 Year FHA 2022-06-23 0.3%
Mount Vernon 30 Year FHA Refi 2022-06-23 -0.03%
Mount Vernon 30 Year USDA 2022-06-23 0.43%
Mount Vernon 30 Year USDA Refi 2022-06-23 0.14%
Mount Vernon 30 Year VA 2022-06-23 0.4%
Mount Vernon 30 Year VA Refi 2022-06-23 -0.21%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Mount Vernon, OH.

Mount Vernon Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, 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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
The Park National Bank 188 3.25% $2,790
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 117 3.27% $3,738
UNION HOME MORTGAGE CORP. 79 3.18% $3,949
QUICKEN LOANS, LLC 67 3.19% $4,926
The Huntington National Bank 44 3.05% $3,949
JPMorgan Chase Bank 32 3.05% $2,670
EQUITY RESOURCES, INC. 29 3.24% $2,727
Union Savings Bank 25 2.99% $1,197
PNC Bank 20 3.22% $3,066
Farm Credit Mid-America, ACA 19 3.43% $7,311
Fifth Third Bank 19 3.12% $3,813
LOANDEPOT.COM, LLC 16 3.36% $4,542
LENDUS, LLC 14 3.29% $4,099
UNITED WHOLESALE MORTGAGE, LLC 12 3.15% $4,214
CALIBER HOME LOANS, INC. 12 3.16% $4,375
THE EQUITABLE MORTGAGE CORPORATION 11 3.00% $2,568
RUOFF MORTGAGE COMPANY, INC. 11 3.15% $3,428
First Federal Savings and Loan Association 10 3.01% $2,723
Third Federal Savings and Loan Association of Cleveland 9 2.77% $3,789
CROSSCOUNTRY MORTGAGE, LLC 8 3.17% $4,833
U.S. Bank 8 3.23% $3,381
T2 FINANCIAL LLC 8 3.20% $3,549
Mr. Cooper ( Nationstar Mortgage ) 8 3.36% $3,163
Wells Fargo Bank 7 3.23% $2,973
RAPID MORTGAGE COMPANY 7 3.52% $4,455
AMERISAVE MORTGAGE CORPORATION 6 3.10% $3,300
Nations Lending Corporation 6 3.17% $6,138
Hometown Lenders, Inc. 6 3.23% $3,988
NFM, INC. 6 3.17% $4,088
Mechanics Bank 6 2.80% $2,412
Cf Bank 6 2.94% $2,422
First Commonwealth Bank 6 3.17% $2,918
PRIORITY MORTGAGE CORP. 6 2.83% $2,921
First Federal Savings and Loan Association of Lakewood 6 2.98% $3,677
The State Bank and Trust Company 6 3.04% $4,843
The Union Bank Company 6 3.13% $3,386
Heartland Bank 6 3.17% $3,410
BROKER SOLUTIONS, INC. 5 3.45% $3,716
HOMESIDE FINANCIAL, LLC 5 3.10% $3,600
GUARANTEED RATE AFFINITY, LLC 5 3.03% $3,047
BETTER MORTGAGE CORPORATION 5 2.98% $3,825
NEWREZ LLC 5 3.30% $3,447
FREEDOM MORTGAGE CORPORATION 5 3.43% $4,197
Flagstar Bank, FSB 5 3.39% $2,915
First Federal Bank of the Midwest 5 2.88% $3,007
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 3.25% $3,865
First Financial Bank 4 3.34% $4,116
KEMBA FINANCIAL 4 3.34% $2,896
GUARANTEED RATE, INC. 4 3.12% $5,563
Peoples Bank 4 3.03% $2,947
UNITED MORTGAGE CORP. 3 3.29% $3,128
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.13% $3,602
Carrington Mortgage Services, LLC 3 3.79% $4,391
CNB Bank 3 3.04% $3,036
PENNYMAC LOAN SERVICES, LLC 3 2.92% $4,393
HOME POINT FINANCIAL CORPORATION 3 3.38% $3,182
WesBanco Bank, Inc. 3 2.75% $4,826
WRIGHT-PATT CREDIT UNION, INC. 3 3.13% $1,217
AMERICAN FINANCING CORPORATION 3 3.21% $3,956
BMI Federal Credit Union 3 2.75% $1,767
MUTUAL OF OMAHA MORTGAGE, INC. 3 3.00% $5,993
DIRECT MORTGAGE LOANS, LLC 2 3.13% $10,301
LAKEVIEW LOAN SERVICING, LLC 2 3.25% $2,592
LAND HOME FINANCIAL SERVICES, INC. 2 3.56% $6,020
Wyndham Capital Mortgage, Inc. 2 3.56% $1,335
Mortgage Research Center, LLC 2 2.93% $3,180
FIRST COMMUNITY MORTGAGE, INC. 2 3.31% $3,381
The Community Bank 2 3.38% $3,504
First Guaranty Mortgage Corporation 2 2.69% $2,800
Baxter Credit Union 2 3.38% $2,290
ROYAL UNITED MORTGAGE LLC 2 3.31% $8,492
C E S 2 3.25% $2,883
First Merchants Bank 2 3.19% $2,895
KELLER MORTGAGE, LLC 2 3.44% $1,713
KeyBank 2 2.87% $2,444
YOUR HOME FINANCIAL LLC 1 2.99% $5,246
AMERICAN MORTGAGE SERVICE COMPANY 1 2.63% $2,795
AMERIFIRST FINANCIAL CORPORATION 1 3.13% $4,211
Bank of America 1 2.75% $2,958
BAYER HERITAGE 1 3.38% $3,143
BAYSHORE MORTGAGE FUNDING, LLC 1 3.38% $4,295
Chicago Mortgage Solutions LLC 1 2.87% $1,386
CME Federal Credit Union 1 3.38% $3,071
DESCO 1 2.75% $2,624
Discover Bank 1 4.99% $0
Dollar Bank, Federal Savings Bank 1 3.13% $8,495
ENDEAVOR CAPITAL, LLC. 1 3.25% $3,977
ENVOY MORTGAGE, LTD 1 3.38% $4,627
FINANCE OF AMERICA MORTGAGE LLC 1 4.63% $7,382
First National Bank of Bellevue 1 2.63% $3,808
First Savings Bank 1 3.13% $2,672
GENEVA FINANCIAL, LLC 1 3.63% $5,015
GUARANTY HOME MORTGAGE CORPORATION 1 2.75% $4,191
GUILD MORTGAGE COMPANY 1 3.00% $7,977
HALLMARK HOME MORTGAGE, LLC 1 3.38% $3,112
HOWARD HANNA FINANCIAL SERVICES, INC. 1 2.88% $4,001
Independent Bank 1 3.25% $3,371
J. VIRGIL, INC. 1 3.13% $3,958
Kingston National Bank 1 3.60% $4,239
LIBERTY HOME MORTGAGE CORPORATION 1 3.00% $6,320
LOANPAL, LLC 1 3.75% $2,781
Magnolia Bank 1 3.50% $5,634
Manufacturers and Traders Trust Company 1 3.13% $3,253
Merchants Bank of Indiana 1 3.00% $2,584
Mortgage Bank of California 1 5.00% $28,734
MOVEMENT MORTGAGE, LLC 1 3.31% $3,252
MYCUMORTGAGE, LLC 1 3.75% $3,408
NATIONS RELIABLE LENDING, LLC 1 3.00% $16,582
NATIONWIDE MORTGAGE BANKERS, INC. 1 2.88% $4,379
Northwest Bank 1 3.25% $3,451
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 3.50% $3,369
Paramount Residential Mortgage Group, Inc. 1 3.99% $4,650
PENTAGON FEDERAL CREDIT UNION 1 2.88% $2,413
PLAZA HOME MORTGAGE, INC. 1 4.13% $9,633
POLARIS HOME FUNDING CORP. 1 2.88% $3,537
RELIANCE FIRST CAPITAL, LLC 1 3.63% $5,036
Republic Bank & Trust Company 1 3.00% $3,719
RESIDENTIAL BANCORP. 1 2.75% $2,685
Sierra Pacific Mortgage Company, Inc. 1 3.38% $2,970
SIGNATURE MORTGAGE CORPORATION 1 2.63% $3,123
SOFI LENDING CORP. 1 2.75% $3,408
SUN WEST MORTGAGE COMPANY, INC. 1 3.94% $2,836
TELHIO 1 2.75% $3,191
Texana Bank 1 3.13% $7,202
The Federal Savings Bank 1 2.88% $4,496
TOWNE MORTGAGE COMPANY 1 2.63% $4,728
TrueCore Federal Credit Union 1 3.88% $3,417
VANDERBILT MORTGAGE AND FINANCE, INC. 1 2.88% $2,638
AMERICAN FINANCIAL NETWORK, INC. 1 3.25% $4,737

Mount Vernon, OH's 129 lenders originated 2,642 loans during 2021. The total origination value was $466,500,000, with an average loan value of $176,571.

The top Mount Vernon lender as defined by loan originations is The Park National Bank, with 188 loans originated. Their average total fees are $2,790, which is $947 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Mount Vernon lenders (with over 10 loans originated) are Union Savings Bank ($1,197), THE EQUITABLE MORTGAGE CORPORATION ($2,568), JPMorgan Chase Bank ($2,670), First Federal Savings and Loan Association ($2,723) and EQUITY RESOURCES, INC. ($2,727).

The lowest rate Mount Vernon lenders (with over 10 loans originated) are Union Savings Bank (2.99%), THE EQUITABLE MORTGAGE CORPORATION (3.00%), First Federal Savings and Loan Association (3.01%), JPMorgan Chase Bank (3.05%) and The Huntington National Bank (3.05%).

Mount Vernon, OH Lender 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
The Park National Bank $105,190,000 $74,470,000 -29.2% 16.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $31,485,000 $36,585,000 16.2% 7.8%
QUICKEN LOANS, LLC $24,210,000 $34,800,000 43.7% 7.5%
UNION HOME MORTGAGE CORP. $25,205,000 $33,795,000 34.1% 7.2%
The Huntington National Bank $24,730,000 $25,650,000 3.7% 5.5%
JPMorgan Chase Bank $7,585,000 $10,520,000 38.7% 2.3%
Union Savings Bank $11,750,000 $9,330,000 -20.6% 2.0%
EQUITY RESOURCES, INC. $6,580,000 $8,490,000 29.0% 1.8%
PNC Bank $7,470,000 $8,245,000 10.4% 1.8%
FREEDOM MORTGAGE CORPORATION $9,935,000 $8,045,000 -19.0% 1.7%
C E S $8,440,000 $7,780,000 -7.8% 1.7%
Farm Credit Mid-America, ACA $4,785,000 $7,590,000 58.6% 1.6%
Fifth Third Bank $2,875,000 $6,745,000 134.6% 1.4%
Mr. Cooper ( Nationstar Mortgage ) $3,140,000 $6,470,000 106.1% 1.4%
Mortgage Research Center, LLC $4,215,000 $6,145,000 45.8% 1.3%
LOANDEPOT.COM, LLC $7,170,000 $5,650,000 -21.2% 1.2%
CALIBER HOME LOANS, INC. $3,065,000 $4,720,000 54.0% 1.0%
UNITED WHOLESALE MORTGAGE, LLC $3,880,000 $4,520,000 16.5% 1.0%
Third Federal Savings and Loan Association of Cleveland $4,010,000 $4,475,000 11.6% 1.0%
First Federal Bank of the Midwest $1,240,000 $4,265,000 244.0% 0.9%
First Commonwealth Bank $875,000 $4,215,000 381.7% 0.9%
THE EQUITABLE MORTGAGE CORPORATION $6,535,000 $4,110,000 -37.1% 0.9%
Mechanics Bank $10,290,000 $4,090,000 -60.3% 0.9%
LENDUS, LLC $4,145,000 $4,040,000 -2.5% 0.9%
RUOFF MORTGAGE COMPANY, INC. $4,485,000 $3,435,000 -23.4% 0.7%
U.S. Bank $1,495,000 $3,310,000 121.4% 0.7%
CROSSCOUNTRY MORTGAGE, LLC $1,535,000 $3,305,000 115.3% 0.7%
First Federal Savings and Loan Association $4,265,000 $3,050,000 -28.5% 0.7%
First Federal Savings and Loan Association of Lakewood $1,820,000 $2,960,000 62.6% 0.6%
NEWREZ LLC $1,450,000 $2,935,000 102.4% 0.6%
WesBanco Bank, Inc. $155,000 $2,885,000 1,761.3% 0.6%
T2 FINANCIAL LLC $3,470,000 $2,645,000 -23.8% 0.6%
CNB Bank $1,125,000 $2,485,000 120.9% 0.5%
Hometown Lenders, Inc. $1,485,000 $2,485,000 67.3% 0.5%
LAKEVIEW LOAN SERVICING, LLC $1,610,000 $2,470,000 53.4% 0.5%
HOME POINT FINANCIAL CORPORATION $1,400,000 $2,440,000 74.3% 0.5%
HOMESIDE FINANCIAL, LLC $1,175,000 $2,435,000 107.2% 0.5%
The State Bank and Trust Company $1,270,000 $2,410,000 89.8% 0.5%
The Union Bank Company $2,580,000 $2,340,000 -9.3% 0.5%
KEMBA FINANCIAL $1,330,000 $2,245,000 68.8% 0.5%
WALKER & DUNLOP, LLC $2,195,000 n/a 0.5%
First Guaranty Mortgage Corporation $3,685,000 $2,175,000 -41.0% 0.5%
Wells Fargo Bank $3,645,000 $2,160,000 -40.7% 0.5%
Cf Bank $235,000 $2,130,000 806.4% 0.5%
Heartland Bank $2,435,000 $2,125,000 -12.7% 0.5%
AMERISAVE MORTGAGE CORPORATION $1,940,000 $2,100,000 8.2% 0.5%
BETTER MORTGAGE CORPORATION $2,095,000 n/a 0.4%
First Financial Bank $865,000 $1,930,000 123.1% 0.4%
BROKER SOLUTIONS, INC. $280,000 $1,915,000 583.9% 0.4%
Flagstar Bank, FSB $1,020,000 $1,915,000 87.7% 0.4%
NFM, INC. $1,425,000 $1,865,000 30.9% 0.4%
PRIORITY MORTGAGE CORP. $1,410,000 $1,865,000 32.3% 0.4%
Peoples Bank $95,000 $1,845,000 1,842.1% 0.4%
GUARANTEED RATE, INC. $890,000 $1,760,000 97.8% 0.4%
RAPID MORTGAGE COMPANY $295,000 $1,715,000 481.4% 0.4%
PENNYMAC LOAN SERVICES, LLC $1,800,000 $1,670,000 -7.2% 0.4%
PENTAGON FEDERAL CREDIT UNION $25,000 $1,660,000 6,540.0% 0.4%
Independent Bank $370,000 $1,555,000 320.3% 0.3%
Kingston National Bank $45,000 $1,555,000 3,355.6% 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $405,000 $1,465,000 261.7% 0.3%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $785,000 $1,440,000 83.4% 0.3%
Carrington Mortgage Services, LLC $1,605,000 $1,395,000 -13.1% 0.3%
KeyBank $880,000 $1,320,000 50.0% 0.3%
Nations Lending Corporation $1,555,000 $1,315,000 -15.4% 0.3%
NAVY FEDERAL CREDIT UNION $1,380,000 $1,315,000 -4.7% 0.3%
NEW DAY FINANCIAL, LLC $1,835,000 $1,310,000 -28.6% 0.3%
FIRST OHIO HOME FINANCE, INC. $695,000 $1,300,000 87.1% 0.3%
The Community Bank $1,665,000 $1,280,000 -23.1% 0.3%
WRIGHT-PATT CREDIT UNION, INC. $1,290,000 $1,205,000 -6.6% 0.3%
AmeriHome Mortgage Company, LLC $225,000 $1,130,000 402.2% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $1,710,000 $1,130,000 -33.9% 0.2%
First National Bank of Pennsylvania $365,000 $1,070,000 193.2% 0.2%
Mortgage Bank of California $1,065,000 n/a 0.2%
FIRST COMMUNITY MORTGAGE, INC. $145,000 $1,030,000 610.3% 0.2%
The Federal Savings Bank $1,280,000 $995,000 -22.3% 0.2%
AMERICAN FINANCING CORPORATION $545,000 $910,000 67.0% 0.2%
CME Federal Credit Union $445,000 $890,000 100.0% 0.2%
AMERICAN FINANCIAL NETWORK, INC. $470,000 $880,000 87.2% 0.2%
First Merchants Bank $635,000 $830,000 30.7% 0.2%
GUARANTEED RATE AFFINITY, LLC $1,070,000 $825,000 -22.9% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $1,235,000 $810,000 -34.4% 0.2%
DIRECT MORTGAGE LOANS, LLC $785,000 n/a 0.2%
BMI Federal Credit Union $865,000 $740,000 -14.5% 0.2%
UNITED MORTGAGE CORP. $885,000 $730,000 -17.5% 0.2%
Gateway First Bank $965,000 $720,000 -25.4% 0.2%
The Farmers National Bank of Canfield $1,090,000 $690,000 -36.7% 0.1%
HALLMARK HOME MORTGAGE, LLC $1,105,000 $670,000 -39.4% 0.1%
InterContinental Capital Group, Inc $185,000 $665,000 259.5% 0.1%
Pathways Financial Credit Union, Inc. $355,000 $650,000 83.1% 0.1%
ROYAL UNITED MORTGAGE LLC $515,000 $645,000 25.2% 0.1%
GUILD MORTGAGE COMPANY $625,000 n/a 0.1%
Sutton Bank $620,000 n/a 0.1%
Wyndham Capital Mortgage, Inc. $615,000 n/a 0.1%
SUN WEST MORTGAGE COMPANY, INC. $490,000 $610,000 24.5% 0.1%
FINANCE OF AMERICA MORTGAGE LLC $600,000 n/a 0.1%
AMERICAN MORTGAGE SERVICE COMPANY $620,000 $575,000 -7.3% 0.1%
RESIDENTIAL BANCORP. $575,000 n/a 0.1%
USAA Federal Savings Bank $1,225,000 $575,000 -53.1% 0.1%
Baxter Credit Union $35,000 $570,000 1,528.6% 0.1%
NATIONS DIRECT MORTGAGE, LLC $540,000 $565,000 4.6% 0.1%
First Federal Bank of Ohio $1,015,000 $555,000 -45.3% 0.1%
Dollar Bank, Federal Savings Bank $135,000 $545,000 303.7% 0.1%
Citizens Bank $305,000 $540,000 77.0% 0.1%
TELHIO $1,915,000 $540,000 -71.8% 0.1%
KELLER MORTGAGE, LLC $340,000 $535,000 57.4% 0.1%
SIGNATURE MORTGAGE CORPORATION $510,000 n/a 0.1%
J. VIRGIL, INC. $510,000 $505,000 -1.0% 0.1%
Bank of America $1,520,000 $495,000 -67.4% 0.1%
The Commercial and Savings Bank of Millersburg Ohio $360,000 $495,000 37.5% 0.1%
LOANPAL, LLC $240,000 $475,000 97.9% 0.1%
NATIONWIDE MORTGAGE BANKERS, INC. $195,000 $475,000 143.6% 0.1%
PLANET HOME LENDING, LLC $205,000 $465,000 126.8% 0.1%
AMERIFIRST FINANCIAL CORPORATION $450,000 n/a 0.1%
The Apple Creek Banking Company $435,000 n/a 0.1%
First National Bank of Bellevue $1,195,000 $425,000 -64.4% 0.1%
RELIANCE FIRST CAPITAL, LLC $320,000 $425,000 32.8% 0.1%
LAND HOME FINANCIAL SERVICES, INC. $800,000 $410,000 -48.8% 0.1%
TrueCore Federal Credit Union $770,000 $410,000 -46.8% 0.1%
Paramount Residential Mortgage Group, Inc. $480,000 $390,000 -18.8% 0.1%
SOFI LENDING CORP. $395,000 $375,000 -5.1% 0.1%
The Richwood Banking Company $535,000 $375,000 -29.9% 0.1%
PHH Mortgage Corporation $370,000 n/a 0.1%
PLAZA HOME MORTGAGE, INC. $370,000 n/a 0.1%
NATIONS RELIABLE LENDING, LLC $365,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $590,000 $360,000 -39.0% 0.1%
LIBERTY HOME MORTGAGE CORPORATION $280,000 $360,000 28.6% 0.1%
Magnolia Bank $175,000 $360,000 105.7% 0.1%
AMERICAN ADVISORS GROUP $70,000 $340,000 385.7% 0.1%
East Coast Capital Corp. $335,000 n/a 0.1%
Manufacturers and Traders Trust Company $310,000 n/a 0.1%
MID AMERICA MORTGAGE, INC. $315,000 $310,000 -1.6% 0.1%
Associated Bank $295,000 n/a 0.1%
Texana Bank $295,000 n/a 0.1%
Bank of England $935,000 $290,000 -69.0% 0.1%
POLARIS HOME FUNDING CORP. $390,000 $280,000 -28.2% 0.1%
MOVEMENT MORTGAGE, LLC $785,000 $275,000 -65.0% 0.1%
YOUR HOME FINANCIAL LLC $275,000 n/a 0.1%
CLEARPATH LENDING $695,000 $265,000 -61.9% 0.1%
Low VA Rates, LLC $135,000 $265,000 96.3% 0.1%
Republic Bank & Trust Company $265,000 n/a 0.1%
SIRVA MORTGAGE, INC. $265,000 n/a 0.1%
North American Savings Bank, F.S.B. $390,000 $255,000 -34.6% 0.1%
TIAA, FSB $355,000 $255,000 -28.2% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $325,000 $245,000 -24.6% 0.1%
THE VINTON COUNTY NATIONAL BANK $395,000 $245,000 -38.0% 0.1%
HOMESPIRE MORTGAGE CORPORATION $240,000 n/a 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $240,000 n/a 0.1%
BAYSHORE MORTGAGE FUNDING, LLC $315,000 $235,000 -25.4% 0.1%
CALCON MUTUAL MORTGAGE LLC $235,000 n/a 0.1%
Civista Bank $340,000 $235,000 -30.9% 0.1%
Figure Lending LLC $95,000 $235,000 147.4% 0.1%
ENDEAVOR CAPITAL, LLC. $265,000 $225,000 -15.1% 0.0%
First Home Bank $215,000 n/a 0.0%
GENEVA FINANCIAL, LLC $390,000 $205,000 -47.4% 0.0%
Ally Bank $145,000 $195,000 34.5% 0.0%
Citibank $195,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $1,120,000 $195,000 -82.6% 0.0%
The Savings Bank $195,000 n/a 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $510,000 $195,000 -61.8% 0.0%
BAYER HERITAGE $185,000 n/a 0.0%
Sierra Pacific Mortgage Company, Inc. $185,000 n/a 0.0%
MORIA DEVELOPMENT, INC. $180,000 n/a 0.0%
Northwest Bank $175,000 n/a 0.0%
US MORTGAGE CORPORATION $175,000 n/a 0.0%
AmRes Corporation $570,000 $165,000 -71.1% 0.0%
CHURCHILL MORTGAGE CORPORATION $65,000 $165,000 153.8% 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $165,000 n/a 0.0%
ENVOY MORTGAGE, LTD $255,000 $165,000 -35.3% 0.0%
Northpointe Bank $145,000 $165,000 13.8% 0.0%
Renasant Bank $165,000 n/a 0.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $155,000 n/a 0.0%
HOWARD HANNA FINANCIAL SERVICES, INC. $385,000 $155,000 -59.7% 0.0%
Merchants Bank of Indiana $125,000 $155,000 24.0% 0.0%
Discover Bank $355,000 $150,000 -57.7% 0.0%
Chicago Mortgage Solutions LLC $145,000 n/a 0.0%
First Federal Bank $475,000 $145,000 -69.5% 0.0%
GUARANTY HOME MORTGAGE CORPORATION $145,000 n/a 0.0%
First Savings Bank $135,000 n/a 0.0%
MYCUMORTGAGE, LLC $370,000 $125,000 -66.2% 0.0%
THRIVENT Federal Credit Union $125,000 n/a 0.0%
SPRING EQ, LLC $120,000 n/a 0.0%
DESCO $105,000 n/a 0.0%
TOWNE MORTGAGE COMPANY $105,000 n/a 0.0%
1ST SIGNATURE LENDING, LLC $95,000 n/a 0.0%
ALLIANT CREDIT UNION $95,000 n/a 0.0%
Hometown Equity Mortgage, LLC $95,000 $95,000 0.0% 0.0%
The Middlefield Banking Company $360,000 $95,000 -73.6% 0.0%
HOPEWELL Federal Credit Union $355,000 $85,000 -76.1% 0.0%
HONDA Federal Credit Union $75,000 n/a 0.0%
21ST MORTGAGE CORPORATION $95,000 $65,000 -31.6% 0.0%
PACIFIC RESIDENTIAL MORTGAGE, LLC $65,000 n/a 0.0%
TCF National Bank $105,000 $35,000 -66.7% 0.0%
EDUCATION FIRST CREDIT UNION, INC. $180,000 $25,000 -86.1% 0.0%
Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $25,000 n/a 0.0%

Mount Vernon's top lender by overall market share is The Park National Bank, with 16.0% market share. In second place, with 7.8%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $36,585,000 in loans. In third place, with 7.5%, is QUICKEN LOANS, LLC, having originated $34,800,000 in loans. In third place, with 7.2%, is UNION HOME MORTGAGE CORP., having originated $33,795,000 in loans. In third place, with 5.5%, is The Huntington National Bank, having originated $25,650,000 in loans.


Mount Vernon, OH Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 943 $189,795,000 $201,267
Refi 888 $159,300,000 $179,392
Cash Out Refi 572 $97,710,000 $170,822
Home Improvement 130 $11,010,000 $84,692
Other 109 $8,685,000 $79,679

Mount Vernon's most frequently cited loan purpose was Home Purchase, with 943 originations. The 2nd most popular reason was Refi, with 888 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 1,115 $191,315,000 $171,583
2.5-3% 850 $163,390,000 $192,224
<2.5% 426 $80,450,000 $188,850
4-5% 141 $19,265,000 $136,631
5-6% 16 $860,000 $53,750
6-7% 12 $550,000 $45,833
7-8% 5 $185,000 $37,000
Over 8% 3 $175,000 $58,333

During 2021, Mount Vernon's most frequently originated rate bucket was 3-4%, with 1,115 originations.

Loan Sizing (Mount Vernon, OH MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 1,254 $182,960,000 $145,901
$200k-400k 690 $182,550,000 $264,565
$100,000 or less 584 $39,220,000 $67,158
$400k-600k 97 $45,595,000 $470,052
$600k-1000k 11 $7,985,000 $725,909
$Over $1MM 6 $8,190,000 $1,365,000

Mount Vernon's loan sizing saw the bucket of loans from $100k-200k with 1,254 originations, totaling $182,960,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 857 $176,185,000 $205,583
60-80% 827 $161,905,000 $195,774
40-60% 425 $69,055,000 $162,482
20-40% 188 $16,620,000 $88,404
Under 20% 129 $6,305,000 $48,876
Over 100% 19 $5,185,000 $272,895

Mount Vernon's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 857 originations, totaling $176,185,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Mount Vernon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $155,800 (5.3%) $208,624 (4.4%) 0.00 235
2018-02-01 $158,900 (9.3%) $209,073 (11.9%) 0.00 228
2018-03-01 $179,900 (16.2%) $207,890 (0.0%) 0.00 265
2018-04-01 $194,900 (22.0%) $244,353 (17.3%) 0.00 280
2018-05-01 $189,950 (20.7%) $238,525 (15.3%) 0.00 359
2018-06-01 $179,900 (14.4%) $232,036 (7.4%) 0.00 355
2018-07-01 $184,950 (23.4%) $235,361 (12.2%) 0.00 311
2018-08-01 $182,500 (14.1%) $227,976 (9.3%) 0.00 308
2018-09-01 $179,900 (12.5%) $229,799 (13.6%) 0.00 318
2018-10-01 $164,400 (1.6%) $224,542 (7.9%) 0.00 288
2018-11-01 $169,450 (5.4%) $231,304 (9.8%) 0.00 273
2018-12-01 $169,000 (5.8%) $233,324 (13.5%) 0.00 255
2019-01-01 $173,750 (11.5%) $255,080 (22.3%) 0.00 220
2019-02-01 $180,000 (13.3%) $264,866 (26.7%) 0.00 208
2019-03-01 $187,100 (4.0%) $259,009 (24.6%) 0.00 235
2019-04-01 $189,550 (-2.7%) $261,699 (7.1%) 0.00 272
2019-05-01 $204,639 (7.7%) $255,909 (7.3%) 0.00 321
2019-06-01 $209,900 (16.7%) $273,080 (17.7%) 0.00 304
2019-07-01 $207,444 (12.2%) $261,630 (11.2%) 0.00 309
2019-08-01 $196,322 (7.6%) $256,738 (12.6%) 0.00 290
2019-09-01 $184,900 (2.8%) $252,182 (9.7%) 0.00 239
2019-10-01 $197,389 (20.1%) $270,941 (20.7%) 0.00 230
2019-11-01 $185,000 (9.2%) $274,519 (18.7%) 0.00 226
2019-12-01 $179,450 (6.2%) $258,313 (10.7%) 0.00 226
2020-01-01 $177,450 (2.1%) $257,148 (0.8%) 0.00 193
2020-02-01 $179,777 (-0.1%) $264,526 (-0.1%) 0.00 142
2020-03-01 $179,900 (-3.9%) $253,316 (-2.2%) 0.00 144
2020-04-01 $172,450 (-9.0%) $243,356 (-7.0%) 0.00 155
2020-05-01 $199,900 (-2.3%) $266,432 (4.1%) 0.00 155
2020-06-01 $236,400 (12.6%) $327,166 (19.8%) 0.00 123
2020-07-01 $231,450 (11.6%) $334,651 (27.9%) 0.00 99
2020-08-01 $189,900 (-3.3%) $305,372 (18.9%) 0.00 71
2020-09-01 $209,900 (13.5%) $308,737 (22.4%) 0.00 81
2020-10-01 $194,900 (-1.3%) $251,887 (-7.0%) 0.00 76
2020-11-01 $157,425 (-14.9%) $213,764 (-22.1%) 0.00 84
2020-12-01 $147,450 (-17.8%) $201,644 (-21.9%) 0.00 55
2021-01-01 $149,900 (-15.5%) $177,311 (-31.1%) 0.00 49
2021-02-01 $157,450 (-12.4%) $195,868 (-26.0%) 0.00 30
2021-03-01 $183,700 (2.1%) $216,650 (-14.5%) 0.00 42
2021-04-01 $239,950 (39.1%) $269,864 (10.9%) 0.00 38
2021-05-01 $220,000 (10.1%) $268,341 (0.7%) 0.00 43
2021-06-01 $250,000 (5.8%) $317,953 (-2.8%) 0.00 52
2021-07-01 $227,389 (-1.8%) $352,335 (5.3%) 0.00 85
2021-08-01 $272,500 (43.5%) $413,123 (35.3%) 0.00 82
2021-09-01 $250,000 (19.1%) $390,716 (26.6%) 0.00 95
2021-10-01 $250,000 (28.3%) $401,341 (59.3%) 0.00 101
2021-11-01 $232,450 (47.7%) $345,654 (61.7%) 0.00 85
2021-12-01 $222,500 (50.9%) $338,815 (68.0%) 0.00 70
2022-01-01 $235,000 (56.8%) $340,622 (92.1%) 0.00 56
2022-02-01 $254,400 (61.6%) $371,294 (89.6%) 0.00 44
2022-03-01 $252,900 (37.7%) $317,333 (46.5%) 0.00 52
2022-04-01 $219,777 (-8.4%) $268,956 (-0.3%) 0.00 50
2022-05-01 $192,710 (-12.4%) $317,497 (18.3%) 0.00 53
Mount Vernon's median listing price for 2022-05-01 was $192,710, a difference of $-27,290 (-12.4%) versus the prior year and $-27,067 versus the prior month.

Mount Vernon's median listing price comes in at 0% of the national average.

Mount Vernon's average listing price for 2022-05-01 was $317,497, a difference of $49,156 (18.3%) versus the prior year and $48,541 versus the prior month.

For the 2022-05-01 period, Mount Vernon had 53 MLS listings, a difference of 3 listings (6%) versus the prior month and 10 listings (23%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Mount Vernon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,656 sqft
2018-02-01 0 days 1,654 sqft
2018-03-01 0 days 1,788 sqft
2018-04-01 0 days 1,909 sqft
2018-05-01 0 days 1,951 sqft
2018-06-01 0 days 1,958 sqft
2018-07-01 0 days 2,062 sqft
2018-08-01 0 days 2,011 sqft
2018-09-01 0 days 1,883 sqft
2018-10-01 0 days 1,844 sqft
2018-11-01 0 days 1,824 sqft
2018-12-01 0 days 1,808 sqft
2019-01-01 0 days 1,840 sqft
2019-02-01 0 days 1,862 sqft
2019-03-01 0 days 1,890 sqft
2019-04-01 0 days 1,951 sqft
2019-05-01 0 days 1,966 sqft
2019-06-01 0 days 2,075 sqft
2019-07-01 0 days 1,946 sqft
2019-08-01 0 days 1,950 sqft
2019-09-01 0 days 1,944 sqft
2019-10-01 0 days 1,935 sqft
2019-11-01 0 days 1,968 sqft
2019-12-01 0 days 1,914 sqft
2020-01-01 0 days 1,908 sqft
2020-02-01 0 days 1,663 sqft
2020-03-01 0 days 1,703 sqft
2020-04-01 0 days 1,741 sqft
2020-05-01 0 days 1,912 sqft
2020-06-01 0 days 2,234 sqft
2020-07-01 0 days 2,050 sqft
2020-08-01 0 days 1,968 sqft
2020-09-01 0 days 1,806 sqft
2020-10-01 0 days 1,750 sqft
2020-11-01 0 days 1,607 sqft
2020-12-01 0 days 1,631 sqft
2021-01-01 0 days 1,631 sqft
2021-02-01 0 days 1,570 sqft
2021-03-01 0 days 1,567 sqft
2021-04-01 0 days 1,995 sqft
2021-05-01 0 days 1,812 sqft
2021-06-01 0 days 1,859 sqft
2021-07-01 0 days 1,790 sqft
2021-08-01 0 days 1,985 sqft
2021-09-01 0 days 1,838 sqft
2021-10-01 0 days 2,025 sqft
2021-11-01 0 days 1,994 sqft
2021-12-01 0 days 1,968 sqft
2022-01-01 0 days 1,824 sqft
2022-02-01 0 days 1,757 sqft
2022-03-01 0 days 1,755 sqft
2022-04-01 0 days 1,823 sqft
2022-05-01 0 days 1,764 sqft
Mount Vernon's median listing age (time on market) for 2022-05-01 was 0 days.

Mount Vernon's median square footage for active listings during the 2022-05-01 period was 1,764 sqft. One year prior, the average listing was 1,812 sqft.