MUNCIE Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Muncie averaged
7.18%
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
6.81% and
one month ago for the week of 2024-10-03, the
average rate was 6.31%.
Muncie's average rate one year ago was 7.85%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.21%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Muncie 30 Year Fixed Rate | 2024-11-07 | 7.18% |
| Muncie 30 Year Fixed Rate Refi | 2024-11-07 | 7.21% |
| Muncie 15 Year Fixed Rate | 2024-11-07 | 6% |
| Muncie 15 Year Fixed Rate Refi | 2024-11-07 | 6.4% |
| Muncie 30 Year FHA | 2024-11-07 | 6.5% |
| Muncie 30 Year FHA Refi | 2024-11-07 | 6.33% |
| Muncie 30 Year USDA | 2024-11-07 | 6.68% |
| Muncie 30 Year USDA Refi | 2024-11-07 | 6.48% |
| Muncie 30 Year VA | 2024-11-07 | 6.65% |
| Muncie 30 Year VA Refi | 2024-11-07 | 6.34% |
MUNCIE 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 MUNCIE, 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.).
MUNCIE Average Closing Costs & Other Stats
MUNCIE, IN's 109 lenders originated 2,143
loans during 2023. The total origination value was $310,015,000, with an average loan value of
$144,664.
MUNCIE's average closing costs are $3,469.
The top MUNCIE lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with
140 loans originated. Their average total fees are
$2,545, which is $308
lower than the next largest lender,
First Merchants Bank.
The lowest fee MUNCIE lenders (with over 10 loans originated) are
RUOFF MORTGAGE COMPANY, INC. ($2,545), The Huntington National Bank ($2,621), Old National Bank ($2,646), First Merchants Bank ($2,854) and THRIVE MORTGAGE, LLC ($2,864).
The lowest rate MUNCIE lenders (with over 10 loans originated) are
STAR Financial Bank (6.15%), Northwest Bank (6.53%), The Huntington National Bank (6.56%), Old National Bank (6.63%) and CALIBER HOME LOANS, INC. (6.72%).
MUNCIE, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| First Merchants Bank | $52,115,000 | $33,205,000 | -36.3% | 10.7% |
| RUOFF MORTGAGE COMPANY, INC. | $49,460,000 | $32,660,000 | -34.0% | 10.5% |
| Merchants Bank of Indiana | $590,000 | $18,110,000 | 2,969.5% | 5.8% |
| QUICKEN LOANS, LLC | $21,290,000 | $13,700,000 | -35.7% | 4.4% |
| Northwest Bank | $18,000,000 | $12,825,000 | -28.8% | 4.1% |
| NEWREZ LLC | $1,505,000 | $12,780,000 | 749.2% | 4.1% |
| GVC MORTGAGE, INC. | $19,810,000 | $12,635,000 | -36.2% | 4.1% |
| Bethpage Federal Credit Union | $10,705,000 | n/a | 3.5% | |
| Old National Bank | $14,145,000 | $9,650,000 | -31.8% | 3.1% |
| STAR Financial Bank | $9,330,000 | $8,850,000 | -5.1% | 2.9% |
| CALIBER HOME LOANS, INC. | $16,320,000 | $7,985,000 | -51.1% | 2.6% |
| The Huntington National Bank | $2,990,000 | $5,340,000 | 78.6% | 1.7% |
| Mortgage Research Center, LLC | $6,560,000 | $5,030,000 | -23.3% | 1.6% |
| JPMorgan Chase Bank | $9,585,000 | $4,580,000 | -52.2% | 1.5% |
| The Farmers & Merchants State Bank | $6,815,000 | $3,935,000 | -42.3% | 1.3% |
| THRIVE MORTGAGE, LLC | $410,000 | $3,770,000 | 819.5% | 1.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $7,140,000 | $3,235,000 | -54.7% | 1.0% |
| WALKER & DUNLOP, LLC | $3,205,000 | n/a | 1.0% | |
| CROSSCOUNTRY MORTGAGE, LLC | $2,875,000 | $3,125,000 | 8.7% | 1.0% |
| MJW Financial LLC | $1,825,000 | $3,025,000 | 65.8% | 1.0% |
| First Bankers Trust Company | $3,005,000 | n/a | 1.0% | |
| UNION HOME MORTGAGE CORP. | $760,000 | $3,005,000 | 295.4% | 1.0% |
| Thrive FCU | $2,795,000 | n/a | 0.9% | |
| FINANCIAL CENTER FIRST CREDIT UNION | $3,530,000 | $2,665,000 | -24.5% | 0.9% |
| PrimeTrust Financial Federal Credit Union | $4,455,000 | $2,620,000 | -41.2% | 0.8% |
| BROKER SOLUTIONS, INC. | $1,925,000 | $2,610,000 | 35.6% | 0.8% |
| Crossroads Bank | $25,000 | $2,540,000 | 10,060.0% | 0.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $6,410,000 | $2,490,000 | -61.2% | 0.8% |
| MOVEMENT MORTGAGE, LLC | $860,000 | $2,405,000 | 179.7% | 0.8% |
| FORT FINANCIAL Federal Credit Union | $1,290,000 | $2,395,000 | 85.7% | 0.8% |
| First Bank of Berne | $350,000 | $2,255,000 | 544.3% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $965,000 | $2,185,000 | 126.4% | 0.7% |
| AMERISAVE MORTGAGE CORPORATION | $1,575,000 | $2,145,000 | 36.2% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $2,745,000 | $1,980,000 | -27.9% | 0.6% |
| INDIANA MEMBERS CREDIT UNION | $2,700,000 | $1,960,000 | -27.4% | 0.6% |
| OPEN MORTGAGE, LLC | $2,075,000 | $1,880,000 | -9.4% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $3,990,000 | $1,550,000 | -61.2% | 0.5% |
| Union Savings Bank | $1,320,000 | $1,545,000 | 17.0% | 0.5% |
| FORUM Credit Union | $2,435,000 | $1,535,000 | -37.0% | 0.5% |
| CRANE | $285,000 | $1,525,000 | 435.1% | 0.5% |
| Carrington Mortgage Services, LLC | $1,190,000 | $1,470,000 | 23.5% | 0.5% |
| TRIAD FINANCIAL SERVICES, INC. | $1,795,000 | $1,325,000 | -26.2% | 0.4% |
| HALLMARK HOME MORTGAGE, LLC | $575,000 | $1,320,000 | 129.6% | 0.4% |
| PNC Bank | $1,585,000 | $1,310,000 | -17.4% | 0.4% |
| Prosperity Home Mortgage, LLC | $285,000 | $1,205,000 | 322.8% | 0.4% |
| Fifth Third Bank | $895,000 | $1,200,000 | 34.1% | 0.4% |
| ZILLOW HOME LOANS, LLC | $265,000 | $1,110,000 | 318.9% | 0.4% |
| MILESTONE HOME LENDING, LLC | $1,050,000 | n/a | 0.3% | |
| ENDEAVOR CAPITAL, LLC. | $275,000 | $1,025,000 | 272.7% | 0.3% |
| Three Rivers Federal Credit Union | $1,175,000 | $975,000 | -17.0% | 0.3% |
| First Financial Bank | $315,000 | $950,000 | 201.6% | 0.3% |
| ROYAL UNITED MORTGAGE LLC | $1,265,000 | $935,000 | -26.1% | 0.3% |
| LOANDEPOT.COM, LLC | $2,970,000 | $920,000 | -69.0% | 0.3% |
| KeyBank | $215,000 | $900,000 | 318.6% | 0.3% |
| Citizens State Bank of New Castle | $620,000 | $865,000 | 39.5% | 0.3% |
| INSPIRE HOME LOANS INC. | $430,000 | $860,000 | 100.0% | 0.3% |
| Wells Fargo Bank | $2,525,000 | $840,000 | -66.7% | 0.3% |
| 21ST MORTGAGE CORPORATION | $1,630,000 | $830,000 | -49.1% | 0.3% |
| U.S. Bank | $855,000 | $820,000 | -4.1% | 0.3% |
| First Farmers Bank and Trust Company | $285,000 | $805,000 | 182.5% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,785,000 | $785,000 | -71.8% | 0.3% |
| BETTER MORTGAGE CORPORATION | $95,000 | $780,000 | 721.1% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $640,000 | $745,000 | 16.4% | 0.2% |
| NEW DAY FINANCIAL, LLC | $710,000 | $745,000 | 4.9% | 0.2% |
| Elements Financial Federal Credit Union | $745,000 | $710,000 | -4.7% | 0.2% |
| INDIANA UNIVERSITY CREDIT UNION | $275,000 | $695,000 | 152.7% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $685,000 | n/a | 0.2% | |
| Farm Credit Mid-America, ACA | $2,010,000 | $680,000 | -66.2% | 0.2% |
| EVANSVILLE TEACHERS | $350,000 | $675,000 | 92.9% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $225,000 | $670,000 | 197.8% | 0.2% |
| First Federal Bank of the Midwest | $1,555,000 | $635,000 | -59.2% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $240,000 | $625,000 | 160.4% | 0.2% |
| POLARIS HOME FUNDING CORP. | $280,000 | $605,000 | 116.1% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $530,000 | $600,000 | 13.2% | 0.2% |
| Regions Bank | $1,230,000 | $600,000 | -51.2% | 0.2% |
| Home Bank SB | $590,000 | n/a | 0.2% | |
| Discover Bank | $330,000 | $585,000 | 77.3% | 0.2% |
| Hendricks County Bank and Trust Company | $560,000 | n/a | 0.2% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $130,000 | $545,000 | 319.2% | 0.2% |
| LOANPAL, LLC | $710,000 | $520,000 | -26.8% | 0.2% |
| NBKC BANK | $385,000 | $520,000 | 35.1% | 0.2% |
| TEACHERS CREDIT UNION | $650,000 | $485,000 | -25.4% | 0.2% |
| MYCUMORTGAGE, LLC | $2,640,000 | $475,000 | -82.0% | 0.2% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $135,000 | $470,000 | 248.1% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $360,000 | $460,000 | 27.8% | 0.1% |
| FLAT BRANCH MORTGAGE, INC. | $435,000 | n/a | 0.1% | |
| Independent Federal Credit Union | $225,000 | $430,000 | 91.1% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $195,000 | $430,000 | 120.5% | 0.1% |
| UNITED | $45,000 | $425,000 | 844.4% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $1,660,000 | $415,000 | -75.0% | 0.1% |
| Northpointe Bank | $545,000 | $415,000 | -23.9% | 0.1% |
| Bank of England | $280,000 | $405,000 | 44.6% | 0.1% |
| Madison County Federal Credit Union | $450,000 | $390,000 | -13.3% | 0.1% |
| Flagstar Bank, FSB | $1,860,000 | $385,000 | -79.3% | 0.1% |
| V.I.P. MORTGAGE, INC. | $385,000 | n/a | 0.1% | |
| Bank of America | $255,000 | $380,000 | 49.0% | 0.1% |
| First Financial Bank | $315,000 | $375,000 | 19.0% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $360,000 | n/a | 0.1% | |
| Ally Bank | $1,100,000 | $350,000 | -68.2% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $335,000 | n/a | 0.1% | |
| The State Bank and Trust Company | $320,000 | n/a | 0.1% | |
| Stifel Bank and Trust | $380,000 | $315,000 | -17.1% | 0.1% |
| Mortgage Assurance Inc. | $305,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $275,000 | $290,000 | 5.5% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $225,000 | $275,000 | 22.2% | 0.1% |
| Warsaw Federal Savings and Loan Association | $255,000 | n/a | 0.1% | |
| CARDINAL FINANCIAL | $615,000 | $250,000 | -59.3% | 0.1% |
| Advisors Mortgage Group, L.L.C. | $245,000 | n/a | 0.1% | |
| Figure Lending LLC | $435,000 | $245,000 | -43.7% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $245,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $2,380,000 | $245,000 | -89.7% | 0.1% |
| MIDWEST AMERICA | $115,000 | $240,000 | 108.7% | 0.1% |
| Plains Commerce Bank | $165,000 | $230,000 | 39.4% | 0.1% |
| AmeriHome Mortgage Company, LLC | $175,000 | $225,000 | 28.6% | 0.1% |
| Brighton Bank | $225,000 | n/a | 0.1% | |
| FIRST STATE MORTGAGE SERVICES, LLC | $225,000 | n/a | 0.1% | |
| BEACON CREDIT UNION | $220,000 | n/a | 0.1% | |
| GUARANTEED RATE, INC. | $345,000 | $220,000 | -36.2% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $855,000 | $220,000 | -74.3% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $105,000 | $205,000 | 95.2% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $205,000 | n/a | 0.1% | |
| North American Savings Bank, F.S.B. | $205,000 | n/a | 0.1% | |
| Stock Yards Bank & Trust Company | $205,000 | n/a | 0.1% | |
| The Farmers State Bank | $35,000 | $205,000 | 485.7% | 0.1% |
| NFM, INC. | $200,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $125,000 | $195,000 | 56.0% | 0.1% |
| PHH Mortgage Corporation | $570,000 | $195,000 | -65.8% | 0.1% |
| Wolfe Financial, Inc | $195,000 | n/a | 0.1% | |
| ProFed Federal Credit Union | $190,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $185,000 | n/a | 0.1% | |
| FIRST MORTGAGE COMPANY, INC. | $185,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $300,000 | $185,000 | -38.3% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $185,000 | n/a | 0.1% | |
| The Federal Savings Bank | $1,320,000 | $185,000 | -86.0% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $275,000 | $180,000 | -34.5% | 0.1% |
| JLB CORPORATION | $335,000 | $175,000 | -47.8% | 0.1% |
| The Farmers National Bank of Canfield | $175,000 | n/a | 0.1% | |
| The Park National Bank | $140,000 | $170,000 | 21.4% | 0.1% |
| Cincinnati Federal | $165,000 | n/a | 0.1% | |
| DELMAR FINANCIAL COMPANY | $115,000 | $165,000 | 43.5% | 0.1% |
| Horizon Bank | $285,000 | $165,000 | -42.1% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $370,000 | $165,000 | -55.4% | 0.1% |
| Centier Bank | $2,415,000 | $155,000 | -93.6% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $535,000 | $155,000 | -71.0% | 0.0% |
| Equity Prime Mortgage LLC | $100,000 | $155,000 | 55.0% | 0.0% |
| TUCKER MORTGAGE, LLC | $55,000 | $155,000 | 181.8% | 0.0% |
| M&T Bank | $220,000 | $145,000 | -34.1% | 0.0% |
| AMERICAN FINANCING CORPORATION | $160,000 | $135,000 | -15.6% | 0.0% |
| EAGLE HOME MORTGAGE, LLC | $135,000 | n/a | 0.0% | |
| Mid-Southern Savings Bank, FSB | $135,000 | n/a | 0.0% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $65,000 | $135,000 | 107.7% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $75,000 | $125,000 | 66.7% | 0.0% |
| Merchants Mortgage & Trust Corporation | $125,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $525,000 | $115,000 | -78.1% | 0.0% |
| DIRECT MORTGAGE LOANS, LLC | $430,000 | $115,000 | -73.3% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $115,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $325,000 | $115,000 | -64.6% | 0.0% |
| GUILD MORTGAGE COMPANY | $115,000 | n/a | 0.0% | |
| Truist | $255,000 | $115,000 | -54.9% | 0.0% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $110,000 | n/a | 0.0% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $595,000 | $110,000 | -81.5% | 0.0% |
| A&D Mortgage LLC | $105,000 | n/a | 0.0% | |
| Bank of Tennessee | $105,000 | n/a | 0.0% | |
| Civista Bank | $85,000 | $105,000 | 23.5% | 0.0% |
| LENDINGONE, LLC | $1,095,000 | $105,000 | -90.4% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $420,000 | $105,000 | -75.0% | 0.0% |
| Peoples Bank | $105,000 | n/a | 0.0% | |
| STOCKTON MORTGAGE CORPORATION | $105,000 | $105,000 | 0.0% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $105,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $135,000 | $100,000 | -25.9% | 0.0% |
| ALAMEDA MORTGAGE CORPORATION | $180,000 | $95,000 | -47.2% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $95,000 | n/a | 0.0% | |
| Focus Bank | $95,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $430,000 | $95,000 | -77.9% | 0.0% |
| Presidential Bank, FSB | $95,000 | n/a | 0.0% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $95,000 | $95,000 | 0.0% | 0.0% |
| AUSTIN TELCO Federal Credit Union | $75,000 | n/a | 0.0% | |
| Greenfield Banking Company | $25,000 | $75,000 | 200.0% | 0.0% |
| Strong Home Mortgage, LLC | $75,000 | n/a | 0.0% | |
| The Fountain Trust Company | $485,000 | $70,000 | -85.6% | 0.0% |
| UNITED HOME LOANS, INC. | $65,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL NETWORK, INC. | $55,000 | n/a | 0.0% | |
| Arvest Bank | $105,000 | $55,000 | -47.6% | 0.0% |
| First National Bank of America | $55,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $330,000 | $55,000 | -83.3% | 0.0% |
| BMO Harris Bank | $165,000 | $45,000 | -72.7% | 0.0% |
| Greenville National Bank | $270,000 | $35,000 | -87.0% | 0.0% |
| Solidarity Community Federal Credit Union | $85,000 | $35,000 | -58.8% | 0.0% |
| SPRING EQ, LLC | $235,000 | $35,000 | -85.1% | 0.0% |
| THRIVENT Federal Credit Union | $25,000 | n/a | 0.0% |
MUNCIE's top lender by overall market share is First Merchants Bank, with 10.7% market share. In second place, with 10.5%, is RUOFF MORTGAGE COMPANY, INC., having originated $32,660,000 in loans. In third place, with 5.8%, is Merchants Bank of Indiana, having originated $18,110,000 in loans. In fourth place, with 4.4%, is QUICKEN LOANS, LLC, having originated $13,700,000 in loans. In fifth place, with 4.1%, is Northwest Bank, having originated $12,825,000 in loans.
MUNCIE, IN Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 46001 | Muncie, IN MSA | $630 | $680 | $890 | $1,140 | $1,200 |
| 46012 | Muncie, IN MSA | $650 | $710 | $930 | $1,190 | $1,250 |
| 46017 | Muncie, IN MSA | $670 | $730 | $950 | $1,210 | $1,280 |
| 46070 | Muncie, IN MSA | $580 | $640 | $830 | $1,060 | $1,110 |
| 46989 | Muncie, IN MSA | $640 | $690 | $850 | $1,150 | $1,200 |
| 47302 | Muncie, IN MSA | $630 | $680 | $840 | $1,130 | $1,190 |
| 47303 | Muncie, IN MSA | $620 | $670 | $830 | $1,110 | $1,170 |
| 47304 | Muncie, IN MSA | $700 | $760 | $930 | $1,250 | $1,310 |
| 47305 | Muncie, IN MSA | $620 | $670 | $830 | $1,110 | $1,170 |
| 47306 | Muncie, IN MSA | $670 | $730 | $890 | $1,200 | $1,260 |
| 47307 | Muncie, IN MSA | $640 | $690 | $850 | $1,150 | $1,200 |
| 47308 | Muncie, IN MSA | $640 | $690 | $850 | $1,150 | $1,200 |
| 47320 | Muncie, IN MSA | $620 | $670 | $830 | $1,110 | $1,170 |
| 47334 | Muncie, IN MSA | $680 | $730 | $900 | $1,210 | $1,270 |
| 47336 | Muncie, IN MSA | $620 | $670 | $830 | $1,110 | $1,170 |
| 47338 | Muncie, IN MSA | $640 | $690 | $850 | $1,150 | $1,200 |
| 47342 | Muncie, IN MSA | $620 | $670 | $830 | $1,110 | $1,170 |
| 47354 | Muncie, IN MSA | $620 | $670 | $830 | $1,110 | $1,170 |
| 47356 | Muncie, IN MSA | $600 | $650 | $850 | $1,090 | $1,140 |
| 47367 | Muncie, IN MSA | $630 | $680 | $840 | $1,130 | $1,190 |
| 47368 | Muncie, IN MSA | $620 | $670 | $830 | $1,110 | $1,170 |
| 47383 | Muncie, IN MSA | $670 | $720 | $880 | $1,190 | $1,240 |
| 47386 | Muncie, IN MSA | $640 | $690 | $850 | $1,150 | $1,200 |
| 47396 | Muncie, IN MSA | $650 | $700 | $860 | $1,160 | $1,220 |
2022 Average & Median Rent Data Statistics
MUNCIE, IN average 1BR rent: $690, median: $685
MUNCIE, IN average 2BR rent: $860, median: $850
MUNCIE, IN average 3BR rent: $1,145, median: $1,145
MUNCIE, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,201 | $213,615,000 | $177,864 |
| Cash Out Refi | 296 | $32,580,000 | $110,068 |
| Other | 227 | $14,785,000 | $65,132 |
| Refi | 226 | $38,380,000 | $169,823 |
| Home Improvement | 193 | $10,655,000 | $55,207 |
Muncie's most frequently cited loan purpose was Home Purchase, with 1,201 originations. The 2nd most popular reason was Cash Out Refi, with 296 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 737 | $112,265,000 | $152,327 |
| 7-8% | 694 | $107,820,000 | $155,360 |
| Over 8% | 349 | $27,905,000 | $79,957 |
| 5-6% | 276 | $52,990,000 | $191,993 |
| <2.5% | 27 | $275,000 | $10,185 |
| 4-5% | 17 | $2,225,000 | $130,882 |
| 3-4% | 11 | $965,000 | $87,727 |
| 2.5-3% | 9 | $1,435,000 | $159,444 |
During 2023, Muncie's most frequently originated rate bucket was 6-7%, with 737 originations.
Loan Sizing (MUNCIE, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 999 | $54,735,000 | $54,790 |
| $100k-200k | 776 | $109,980,000 | $141,727 |
| $200k-400k | 313 | $82,685,000 | $264,169 |
| $400k-600k | 38 | $17,810,000 | $468,684 |
| $600k-1000k | 9 | $5,765,000 | $640,556 |
| $Over $1MM | 8 | $39,040,000 | $4,880,000 |
MUNCIE's loan sizing saw the bucket of loans from $100,000 or less with 999 originations, totaling $54,735,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 835 | $139,765,000 | $167,383 |
| 60-80% | 499 | $92,585,000 | $185,541 |
| 20-40% | 305 | $19,245,000 | $63,098 |
| Under 20% | 226 | $7,420,000 | $32,832 |
| 40-60% | 190 | $21,380,000 | $112,526 |
| Over 100% | 20 | $22,900,000 | $1,145,000 |
MUNCIE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 835 originations, totaling $139,765,000 in origination value.