MUNCIE Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Muncie averaged
7.15%
for the week of 2023-06-01, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2023-05-25) was
6.53% and
one month ago for the week of 2023-04-27, the
average rate was 6.59%.
Muncie's average rate one year ago was 5.06%.
For refis of the same type during the week of 2023-06-01, the average rate
was 5.97%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-06-01 | 6.79% |
| Muncie 30 Year Fixed Rate | 2023-06-01 | 7.15% |
| Muncie 30 Year Fixed Rate Refi | 2023-06-01 | 5.97% |
| Muncie 15 Year Fixed Rate | 2023-06-01 | 7.23% |
| Muncie 15 Year Fixed Rate Refi | 2023-06-01 | 6.68% |
| Muncie 30 Year FHA | 2023-06-01 | -0.07% |
| Muncie 30 Year FHA Refi | 2023-06-01 | 0% |
| Muncie 30 Year USDA | 2023-06-01 | -0.1% |
| Muncie 30 Year USDA Refi | 2023-06-01 | -0.1% |
| Muncie 30 Year VA | 2023-06-01 | -0.13% |
| Muncie 30 Year VA Refi | 2023-06-01 | 0% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MUNCIE, IN.
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 129 lenders originated 2,777
loans during 2022. The total origination value was $435,035,000, with an average loan value of
$156,656.
MUNCIE's average closing costs are $3,309.
The top MUNCIE lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with
197 loans originated. Their average total fees are
$2,310, which is $1,151
lower than the next largest lender,
GVC MORTGAGE, INC..
The lowest fee MUNCIE lenders (with over 10 loans originated) are
PrimeTrust Financial Federal Credit Union ($1,543), Old National Bank ($1,939), RUOFF MORTGAGE COMPANY, INC. ($2,310), First Merchants Bank ($2,362) and The Huntington National Bank ($2,808).
The lowest rate MUNCIE lenders (with over 10 loans originated) are
PrimeTrust Financial Federal Credit Union (4.41%), JPMorgan Chase Bank (4.65%), STAR Financial Bank (4.69%), Old National Bank (4.94%) and First Merchants Bank (5.05%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| First Merchants Bank | $51,810,000 | $52,115,000 | 0.6% | 12.0% |
| RUOFF MORTGAGE COMPANY, INC. | $64,150,000 | $49,460,000 | -22.9% | 11.4% |
| Lake City Bank | $5,640,000 | $37,090,000 | 557.6% | 8.5% |
| QUICKEN LOANS, LLC | $36,520,000 | $21,290,000 | -41.7% | 4.9% |
| GVC MORTGAGE, INC. | $32,815,000 | $19,810,000 | -39.6% | 4.6% |
| Northwest Bank | $27,475,000 | $18,000,000 | -34.5% | 4.1% |
| CALIBER HOME LOANS, INC. | $33,135,000 | $16,320,000 | -50.7% | 3.8% |
| Old National Bank | $18,945,000 | $14,145,000 | -25.3% | 3.3% |
| JPMorgan Chase Bank | $13,285,000 | $9,585,000 | -27.9% | 2.2% |
| STAR Financial Bank | $11,630,000 | $9,330,000 | -19.8% | 2.1% |
| ORIX REAL ESTATE CAPITAL, LLC | $9,115,000 | n/a | 2.1% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,635,000 | $7,140,000 | 26.7% | 1.6% |
| The Farmers & Merchants State Bank | $5,435,000 | $6,815,000 | 25.4% | 1.6% |
| Mortgage Research Center, LLC | $9,450,000 | $6,560,000 | -30.6% | 1.5% |
| State Bank of Lizton | $6,555,000 | n/a | 1.5% | |
| UNITED WHOLESALE MORTGAGE, LLC | $5,265,000 | $6,410,000 | 21.7% | 1.5% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,935,000 | $6,090,000 | 214.7% | 1.4% |
| AMERICAN MORTGAGE SERVICE COMPANY | $12,915,000 | $4,960,000 | -61.6% | 1.1% |
| PrimeTrust Financial Federal Credit Union | $5,155,000 | $4,455,000 | -13.6% | 1.0% |
| PENNYMAC LOAN SERVICES, LLC | $2,900,000 | $3,990,000 | 37.6% | 0.9% |
| FINANCIAL CENTER FIRST CREDIT UNION | $5,835,000 | $3,530,000 | -39.5% | 0.8% |
| Busey Bank | $3,115,000 | n/a | 0.7% | |
| AMERIFIRST FINANCIAL CORPORATION | $5,250,000 | $3,040,000 | -42.1% | 0.7% |
| The Huntington National Bank | $2,460,000 | $2,990,000 | 21.5% | 0.7% |
| LOANDEPOT.COM, LLC | $5,350,000 | $2,970,000 | -44.5% | 0.7% |
| Citizens Bank | $85,000 | $2,900,000 | 3,311.8% | 0.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $5,125,000 | $2,875,000 | -43.9% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,965,000 | $2,785,000 | -29.8% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $12,920,000 | $2,745,000 | -78.8% | 0.6% |
| INDIANA MEMBERS CREDIT UNION | $1,835,000 | $2,700,000 | 47.1% | 0.6% |
| MYCUMORTGAGE, LLC | $4,255,000 | $2,640,000 | -38.0% | 0.6% |
| Wells Fargo Bank | $2,775,000 | $2,525,000 | -9.0% | 0.6% |
| FORUM Credit Union | $2,950,000 | $2,435,000 | -17.5% | 0.6% |
| Centier Bank | $1,790,000 | $2,415,000 | 34.9% | 0.6% |
| USAA Federal Savings Bank | $2,760,000 | $2,380,000 | -13.8% | 0.5% |
| 1ST SIGNATURE LENDING, LLC | $1,100,000 | $2,090,000 | 90.0% | 0.5% |
| OPEN MORTGAGE, LLC | $3,190,000 | $2,075,000 | -35.0% | 0.5% |
| Farm Credit Mid-America, ACA | $2,685,000 | $2,010,000 | -25.1% | 0.5% |
| BROKER SOLUTIONS, INC. | $2,805,000 | $1,925,000 | -31.4% | 0.4% |
| Flagstar Bank, FSB | $1,195,000 | $1,860,000 | 55.6% | 0.4% |
| MJW Financial LLC | $1,630,000 | $1,825,000 | 12.0% | 0.4% |
| TRIAD FINANCIAL SERVICES, INC. | $135,000 | $1,795,000 | 1,229.6% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $1,595,000 | $1,660,000 | 4.1% | 0.4% |
| 21ST MORTGAGE CORPORATION | $915,000 | $1,630,000 | 78.1% | 0.4% |
| PNC Bank | $1,950,000 | $1,585,000 | -18.7% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $2,280,000 | $1,575,000 | -30.9% | 0.4% |
| First Federal Bank of the Midwest | $2,675,000 | $1,555,000 | -41.9% | 0.4% |
| NEWREZ LLC | $1,750,000 | $1,505,000 | -14.0% | 0.3% |
| The Federal Savings Bank | $1,320,000 | n/a | 0.3% | |
| Union Savings Bank | $1,110,000 | $1,320,000 | 18.9% | 0.3% |
| FORT FINANCIAL Federal Credit Union | $160,000 | $1,290,000 | 706.3% | 0.3% |
| ROYAL UNITED MORTGAGE LLC | $2,010,000 | $1,265,000 | -37.1% | 0.3% |
| Regions Bank | $1,355,000 | $1,230,000 | -9.2% | 0.3% |
| Carrington Mortgage Services, LLC | $1,215,000 | $1,190,000 | -2.1% | 0.3% |
| Hoosier Heartland State Bank | $1,185,000 | n/a | 0.3% | |
| First Bank Richmond | $2,540,000 | $1,175,000 | -53.7% | 0.3% |
| Three Rivers Federal Credit Union | $555,000 | $1,175,000 | 111.7% | 0.3% |
| Ally Bank | $675,000 | $1,100,000 | 63.0% | 0.3% |
| LENDINGONE, LLC | $220,000 | $1,095,000 | 397.7% | 0.3% |
| Citizens Bank | $85,000 | $995,000 | 1,070.6% | 0.2% |
| First Financial Bank | $110,000 | $965,000 | 777.3% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $2,310,000 | $965,000 | -58.2% | 0.2% |
| Fifth Third Bank | $1,185,000 | $895,000 | -24.5% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $165,000 | $860,000 | 421.2% | 0.2% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $775,000 | $855,000 | 10.3% | 0.2% |
| U.S. Bank | $890,000 | $855,000 | -3.9% | 0.2% |
| UNION HOME MORTGAGE CORP. | $395,000 | $760,000 | 92.4% | 0.2% |
| Elements Financial Federal Credit Union | $195,000 | $745,000 | 282.1% | 0.2% |
| LOANPAL, LLC | $710,000 | n/a | 0.2% | |
| NEW DAY FINANCIAL, LLC | $1,760,000 | $710,000 | -59.7% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $660,000 | n/a | 0.2% | |
| TEACHERS CREDIT UNION | $2,400,000 | $650,000 | -72.9% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $715,000 | $640,000 | -10.5% | 0.1% |
| Citizens State Bank of New Castle | $1,075,000 | $620,000 | -42.3% | 0.1% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $925,000 | $615,000 | -33.5% | 0.1% |
| LIMA ONE CAPITAL, LLC | $1,105,000 | $595,000 | -46.2% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,665,000 | $595,000 | -64.3% | 0.1% |
| Merchants Bank of Indiana | $6,950,000 | $590,000 | -91.5% | 0.1% |
| HALLMARK HOME MORTGAGE, LLC | $565,000 | $575,000 | 1.8% | 0.1% |
| Hometown Lenders, Inc. | $225,000 | $570,000 | 153.3% | 0.1% |
| PHH Mortgage Corporation | $255,000 | $570,000 | 123.5% | 0.1% |
| Northpointe Bank | $415,000 | $545,000 | 31.3% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $915,000 | $535,000 | -41.5% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $1,535,000 | $530,000 | -65.5% | 0.1% |
| Commerce Home Mortgage, Inc. | $525,000 | n/a | 0.1% | |
| First National Bank | $185,000 | $510,000 | 175.7% | 0.1% |
| WRIGHT-PATT CREDIT UNION, INC. | $210,000 | $490,000 | 133.3% | 0.1% |
| The Fountain Trust Company | $365,000 | $485,000 | 32.9% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $475,000 | n/a | 0.1% | |
| Jackson County Bank | $460,000 | n/a | 0.1% | |
| Madison County Federal Credit Union | $1,240,000 | $450,000 | -63.7% | 0.1% |
| The Home Loan Expert LLC | $515,000 | $440,000 | -14.6% | 0.1% |
| Figure Lending LLC | $310,000 | $435,000 | 40.3% | 0.1% |
| DIRECT MORTGAGE LOANS, LLC | $430,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $595,000 | $430,000 | -27.7% | 0.1% |
| INSPIRE HOME LOANS INC. | $910,000 | $430,000 | -52.7% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $420,000 | n/a | 0.1% | |
| THRIVE MORTGAGE, LLC | $410,000 | n/a | 0.1% | |
| Quontic Bank | $405,000 | n/a | 0.1% | |
| First Option Mortgage, LLC | $1,270,000 | $395,000 | -68.9% | 0.1% |
| NBKC BANK | $420,000 | $385,000 | -8.3% | 0.1% |
| Community Trust Bank, Inc. | $380,000 | n/a | 0.1% | |
| Stifel Bank and Trust | $380,000 | n/a | 0.1% | |
| Sierra Pacific Mortgage Company, Inc. | $145,000 | $370,000 | 155.2% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $380,000 | $360,000 | -5.3% | 0.1% |
| EVANSVILLE TEACHERS | $350,000 | n/a | 0.1% | |
| First Bank of Berne | $360,000 | $350,000 | -2.8% | 0.1% |
| GUARANTEED RATE, INC. | $1,410,000 | $345,000 | -75.5% | 0.1% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $105,000 | $335,000 | 219.0% | 0.1% |
| JLB CORPORATION | $1,150,000 | $335,000 | -70.9% | 0.1% |
| Discover Bank | $180,000 | $330,000 | 83.3% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $340,000 | $330,000 | -2.9% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $325,000 | n/a | 0.1% | |
| First Financial Bank | $110,000 | $315,000 | 186.4% | 0.1% |
| Gateway First Bank | $305,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $300,000 | n/a | 0.1% | |
| CRANE | $45,000 | $285,000 | 533.3% | 0.1% |
| First Farmers Bank and Trust Company | $655,000 | $285,000 | -56.5% | 0.1% |
| First Internet Bank of Indiana | $335,000 | $285,000 | -14.9% | 0.1% |
| Horizon Bank | $12,260,000 | $285,000 | -97.7% | 0.1% |
| Iroquois Federal Savings and Loan Association | $285,000 | n/a | 0.1% | |
| Prosperity Home Mortgage, LLC | $285,000 | n/a | 0.1% | |
| Bank of England | $780,000 | $280,000 | -64.1% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $280,000 | n/a | 0.1% | |
| POLARIS HOME FUNDING CORP. | $280,000 | n/a | 0.1% | |
| ENDEAVOR CAPITAL, LLC. | $1,805,000 | $275,000 | -84.8% | 0.1% |
| INDIANA UNIVERSITY CREDIT UNION | $4,595,000 | $275,000 | -94.0% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $275,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $990,000 | $275,000 | -72.2% | 0.1% |
| Greenville National Bank | $270,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $300,000 | $270,000 | -10.0% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $175,000 | $265,000 | 51.4% | 0.1% |
| ZILLOW HOME LOANS, LLC | $615,000 | $265,000 | -56.9% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $260,000 | n/a | 0.1% | |
| HOME POINT FINANCIAL CORPORATION | $1,270,000 | $260,000 | -79.5% | 0.1% |
| Bank of America | $860,000 | $255,000 | -70.3% | 0.1% |
| Truist | $320,000 | $255,000 | -20.3% | 0.1% |
| AMWEST FUNDING CORP. | $250,000 | n/a | 0.1% | |
| Nations Lending Corporation | $1,040,000 | $250,000 | -76.0% | 0.1% |
| Community First Bank of Indiana | $3,460,000 | $245,000 | -92.9% | 0.1% |
| FirstBank | $245,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $105,000 | $240,000 | 128.6% | 0.1% |
| SPRING EQ, LLC | $235,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $225,000 | n/a | 0.1% | |
| Independent Federal Credit Union | $225,000 | n/a | 0.1% | |
| MORIA DEVELOPMENT, INC. | $165,000 | $225,000 | 36.4% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $755,000 | $225,000 | -70.2% | 0.1% |
| M&T Bank | $465,000 | $220,000 | -52.7% | 0.1% |
| KeyBank | $815,000 | $215,000 | -73.6% | 0.0% |
| Citadel Servicing Corporation | $200,000 | $205,000 | 2.5% | 0.0% |
| First Federal Savings Bank | $480,000 | $205,000 | -57.3% | 0.0% |
| LOANFLIGHT LENDING, LLC | $205,000 | n/a | 0.0% | |
| Republic Bank & Trust Company | $205,000 | n/a | 0.0% | |
| AMERICAN ADVISORS GROUP | $385,000 | $200,000 | -48.1% | 0.0% |
| PURDUE FEDERAL CREDIT UNION | $190,000 | $200,000 | 5.3% | 0.0% |
| Austin Capital Bank SSB | $195,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $460,000 | $195,000 | -57.6% | 0.0% |
| The Peoples State Bank | $195,000 | n/a | 0.0% | |
| VICTORY MORTGAGE, L.L.C. | $195,000 | n/a | 0.0% | |
| ALAMEDA MORTGAGE CORPORATION | $180,000 | n/a | 0.0% | |
| D. L. Evans Bank | $180,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $620,000 | $175,000 | -71.8% | 0.0% |
| PLANET HOME LENDING, LLC | $175,000 | n/a | 0.0% | |
| Wyndham Capital Mortgage, Inc. | $595,000 | $175,000 | -70.6% | 0.0% |
| 1st Source Bank | $290,000 | $170,000 | -41.4% | 0.0% |
| Ameris Bank | $170,000 | n/a | 0.0% | |
| First Savings Bank | $170,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $105,000 | $165,000 | 57.1% | 0.0% |
| BMO Harris Bank | $165,000 | n/a | 0.0% | |
| Pinnacle Bank | $165,000 | n/a | 0.0% | |
| Plains Commerce Bank | $545,000 | $165,000 | -69.7% | 0.0% |
| AMERICAN FINANCING CORPORATION | $575,000 | $160,000 | -72.2% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $155,000 | n/a | 0.0% | |
| Loan Simple, Inc. | $155,000 | n/a | 0.0% | |
| BAY EQUITY LLC | $145,000 | n/a | 0.0% | |
| The Park National Bank | $65,000 | $140,000 | 115.4% | 0.0% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $105,000 | $135,000 | 28.6% | 0.0% |
| EVERETT FINANCIAL, INC. | $190,000 | $135,000 | -28.9% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $795,000 | $130,000 | -83.6% | 0.0% |
| Union Savings And Loan Association | $555,000 | $130,000 | -76.6% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $225,000 | $125,000 | -44.4% | 0.0% |
| SUMMIT FUNDING, INC. | $125,000 | n/a | 0.0% | |
| The National Bank of Indianapolis | $135,000 | $125,000 | -7.4% | 0.0% |
| DELMAR FINANCIAL COMPANY | $115,000 | n/a | 0.0% | |
| MIDWEST AMERICA | $25,000 | $115,000 | 360.0% | 0.0% |
| Arvest Bank | $105,000 | n/a | 0.0% | |
| First Federal Savings Bank | $480,000 | $105,000 | -78.1% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $675,000 | $105,000 | -84.4% | 0.0% |
| STOCKTON MORTGAGE CORPORATION | $175,000 | $105,000 | -40.0% | 0.0% |
| Equity Prime Mortgage LLC | $125,000 | $100,000 | -20.0% | 0.0% |
| ANGEL OAK HOME LOANS LLC | $105,000 | $95,000 | -9.5% | 0.0% |
| BETTER MORTGAGE CORPORATION | $3,205,000 | $95,000 | -97.0% | 0.0% |
| Notre Dame Federal Credit Union Corporation | $95,000 | n/a | 0.0% | |
| PARTNERS 1ST Federal Credit Union | $95,000 | n/a | 0.0% | |
| S1L, Inc. | $95,000 | n/a | 0.0% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $475,000 | $95,000 | -80.0% | 0.0% |
| Civista Bank | $85,000 | n/a | 0.0% | |
| Solidarity Community Federal Credit Union | $85,000 | n/a | 0.0% | |
| BM Real Estate Services, Inc. | $75,000 | n/a | 0.0% | |
| CIVIC FINANCIAL SERVICES, LLC | $75,000 | n/a | 0.0% | |
| First Guaranty Mortgage Corporation | $410,000 | $75,000 | -81.7% | 0.0% |
| ALLIANT CREDIT UNION | $125,000 | $65,000 | -48.0% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $250,000 | $65,000 | -74.0% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $65,000 | n/a | 0.0% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $345,000 | $65,000 | -81.2% | 0.0% |
| MICHIGAN MUTUAL, INC. | $55,000 | n/a | 0.0% | |
| TUCKER MORTGAGE, LLC | $1,040,000 | $55,000 | -94.7% | 0.0% |
| AFL CIO EMPLOYEES FEDERAL CREDIT UNION | $45,000 | n/a | 0.0% | |
| COMPASS MORTGAGE, INC. | $255,000 | $45,000 | -82.4% | 0.0% |
| Georgia Banking Company | $45,000 | n/a | 0.0% | |
| UNITED | $105,000 | $45,000 | -57.1% | 0.0% |
| The Farmers State Bank | $250,000 | $35,000 | -86.0% | 0.0% |
| Crossroads Bank | $1,345,000 | $25,000 | -98.1% | 0.0% |
| Greenfield Banking Company | $25,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $45,000 | $10,000 | -77.8% | 0.0% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $5,000 | n/a | 0.0% |
MUNCIE's top lender by overall market share is First Merchants Bank, with 12.0% market share. In second place, with 11.4%, is RUOFF MORTGAGE COMPANY, INC., having originated $49,460,000 in loans. In third place, with 8.5%, is Lake City Bank, having originated $37,090,000 in loans. In fourth place, with 4.9%, is QUICKEN LOANS, LLC, having originated $21,290,000 in loans. In fifth place, with 4.6%, is GVC MORTGAGE, INC., having originated $19,810,000 in loans.
MUNCIE Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - MUNCIE (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 | $74,900 (1.0%) | $112,806 (-1.1%) | 0.00 | 363 |
| 2018-02-01 | $74,900 (7.2%) | $117,880 (1.5%) | 0.00 | 348 |
| 2018-03-01 | $74,900 (4.1%) | $126,601 (8.0%) | 0.00 | 330 |
| 2018-04-01 | $77,444 (6.2%) | $142,299 (22.0%) | 0.00 | 313 |
| 2018-05-01 | $89,925 (23.3%) | $146,861 (23.3%) | 0.00 | 346 |
| 2018-06-01 | $88,194 (11.7%) | $143,176 (12.7%) | 0.00 | 369 |
| 2018-07-01 | $89,900 (11.1%) | $141,504 (8.4%) | 0.00 | 387 |
| 2018-08-01 | $87,322 (4.5%) | $142,802 (-1.8%) | 0.00 | 405 |
| 2018-09-01 | $85,000 (-0.5%) | $138,709 (-12.3%) | 0.00 | 435 |
| 2018-10-01 | $87,925 (4.6%) | $140,051 (-11.2%) | 0.00 | 416 |
| 2018-11-01 | $85,175 (5.7%) | $140,101 (-11.1%) | 0.00 | 405 |
| 2018-12-01 | $79,900 (6.7%) | $136,042 (13.8%) | 0.00 | 387 |
| 2019-01-01 | $79,900 (6.7%) | $133,094 (18.0%) | 0.00 | 368 |
| 2019-02-01 | $79,900 (6.7%) | $127,795 (8.4%) | 0.00 | 352 |
| 2019-03-01 | $82,686 (10.4%) | $134,346 (6.1%) | 0.00 | 345 |
| 2019-04-01 | $87,150 (12.5%) | $142,940 (0.5%) | 0.00 | 345 |
| 2019-05-01 | $98,675 (9.7%) | $149,283 (1.7%) | 0.00 | 343 |
| 2019-06-01 | $105,000 (19.1%) | $153,534 (7.2%) | 0.00 | 350 |
| 2019-07-01 | $107,400 (19.5%) | $163,182 (15.3%) | 0.00 | 355 |
| 2019-08-01 | $118,536 (35.8%) | $162,873 (14.1%) | 0.00 | 371 |
| 2019-09-01 | $116,491 (37.1%) | $158,220 (14.1%) | 0.00 | 379 |
| 2019-10-01 | $113,450 (29.0%) | $152,810 (9.1%) | 0.00 | 378 |
| 2019-11-01 | $109,900 (29.0%) | $144,891 (3.4%) | 0.00 | 375 |
| 2019-12-01 | $99,900 (25.0%) | $140,825 (3.5%) | 0.00 | 336 |
| 2020-01-01 | $100,723 (26.1%) | $141,730 (6.5%) | 0.00 | 302 |
| 2020-02-01 | $94,400 (18.2%) | $140,808 (10.2%) | 0.00 | 267 |
| 2020-03-01 | $90,438 (9.4%) | $140,663 (4.7%) | 0.00 | 246 |
| 2020-04-01 | $81,400 (-6.6%) | $137,777 (-3.6%) | 0.00 | 237 |
| 2020-05-01 | $88,000 (-10.8%) | $159,458 (6.8%) | 0.00 | 193 |
| 2020-06-01 | $81,175 (-22.7%) | $159,972 (4.2%) | 0.00 | 161 |
| 2020-07-01 | $111,425 (3.8%) | $178,876 (9.6%) | 0.00 | 146 |
| 2020-08-01 | $110,000 (-7.2%) | $175,809 (7.9%) | 0.00 | 158 |
| 2020-09-01 | $112,400 (-3.5%) | $166,349 (5.1%) | 0.00 | 200 |
| 2020-10-01 | $103,900 (-8.4%) | $157,104 (2.8%) | 0.00 | 236 |
| 2020-11-01 | $95,525 (-13.1%) | $153,051 (5.6%) | 0.00 | 237 |
| 2020-12-01 | $78,838 (-21.1%) | $140,566 (-0.2%) | 0.00 | 205 |
| 2021-01-01 | $68,950 (-31.5%) | $136,035 (-4.0%) | 0.00 | 187 |
| 2021-02-01 | $63,900 (-32.3%) | $139,396 (-1.0%) | 0.00 | 139 |
| 2021-03-01 | $59,900 (-33.8%) | $137,791 (-2.0%) | 0.00 | 115 |
| 2021-04-01 | $63,475 (-22.0%) | $127,887 (-7.2%) | 0.00 | 108 |
| 2021-05-01 | $67,000 (-23.9%) | $132,118 (-17.2%) | 0.00 | 116 |
| 2021-06-01 | $89,150 (9.8%) | $158,170 (-1.1%) | 0.00 | 134 |
| 2021-07-01 | $115,900 (4.0%) | $173,918 (-2.8%) | 0.00 | 169 |
| 2021-08-01 | $122,450 (11.3%) | $172,663 (-1.8%) | 0.00 | 168 |
| 2021-09-01 | $124,900 (11.1%) | $166,224 (-0.1%) | 0.00 | 170 |
| 2021-10-01 | $119,900 (15.4%) | $154,827 (-1.5%) | 0.00 | 162 |
| 2021-11-01 | $123,700 (29.5%) | $153,934 (0.6%) | 0.00 | 144 |
| 2021-12-01 | $129,900 (64.8%) | $163,246 (16.1%) | 0.00 | 135 |
| 2022-01-01 | $132,900 (92.8%) | $153,079 (12.5%) | 0.00 | 115 |
| 2022-02-01 | $107,500 (68.2%) | $145,211 (4.2%) | 0.00 | 74 |
| 2022-03-01 | $119,450 (99.4%) | $161,852 (17.5%) | 0.00 | 82 |
| 2022-04-01 | $111,250 (75.3%) | $163,836 (28.1%) | 0.00 | 91 |
| 2022-05-01 | $131,250 (95.9%) | $180,972 (37.0%) | 0.00 | 108 |
| 2022-06-01 | $128,900 (44.6%) | $192,920 (22.0%) | 0.00 | 133 |
| 2022-07-01 | $130,000 (12.2%) | $202,990 (16.7%) | 0.00 | 148 |
| 2022-08-01 | $135,000 (10.3%) | $198,691 (15.1%) | 0.00 | 156 |
| 2022-09-01 | $134,975 (8.1%) | $188,366 (13.3%) | 0.00 | 169 |
| 2022-10-01 | $164,900 (37.5%) | $191,702 (23.8%) | 0.00 | 181 |
| 2022-11-01 | $172,425 (39.4%) | $196,495 (27.7%) | 0.00 | 185 |
| 2022-12-01 | $170,000 (30.9%) | $196,398 (20.3%) | 0.00 | 151 |
| 2023-01-01 | $167,400 (26.0%) | $188,741 (23.3%) | 0.00 | 122 |
| 2023-02-01 | $149,500 (39.1%) | $191,549 (31.9%) | 0.00 | 103 |
| 2023-03-01 | $139,975 (17.2%) | $196,106 (21.2%) | 0.00 | 89 |
| 2023-04-01 | $134,950 (21.3%) | $196,927 (20.2%) | 0.00 | 91 |
| 2023-05-01 | $125,925 (-4.1%) | $192,490 (6.4%) | 0.00 | 94 |
MUNCIE's median listing price for 2023-05-01 was $125,925, a difference of
$-5,325
(-4.1%) versus the prior year and
$-9,025 versus the prior month.
MUNCIE's median listing price comes in at 0% of the national average.
MUNCIE's average listing price for 2023-05-01 was $192,490, a difference of $11,518 (6.4%) versus the prior year and $-4,437 versus the prior month.
For the 2023-05-01 period, MUNCIE had 94 MLS listings, a difference of 3 listings (3%) versus the prior month and -14 listings (-13%) versus the prior year.
MUNCIE's median listing price comes in at 0% of the national average.
MUNCIE's average listing price for 2023-05-01 was $192,490, a difference of $11,518 (6.4%) versus the prior year and $-4,437 versus the prior month.
For the 2023-05-01 period, MUNCIE had 94 MLS listings, a difference of 3 listings (3%) versus the prior month and -14 listings (-13%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - MUNCIE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,522 sqft |
| 2018-02-01 | 0 days | 1,525 sqft |
| 2018-03-01 | 0 days | 1,537 sqft |
| 2018-04-01 | 0 days | 1,580 sqft |
| 2018-05-01 | 0 days | 1,735 sqft |
| 2018-06-01 | 0 days | 1,735 sqft |
| 2018-07-01 | 0 days | 1,722 sqft |
| 2018-08-01 | 0 days | 1,665 sqft |
| 2018-09-01 | 0 days | 1,609 sqft |
| 2018-10-01 | 0 days | 1,612 sqft |
| 2018-11-01 | 0 days | 1,612 sqft |
| 2018-12-01 | 0 days | 1,617 sqft |
| 2019-01-01 | 0 days | 1,527 sqft |
| 2019-02-01 | 0 days | 1,497 sqft |
| 2019-03-01 | 0 days | 1,492 sqft |
| 2019-04-01 | 0 days | 1,527 sqft |
| 2019-05-01 | 0 days | 1,547 sqft |
| 2019-06-01 | 0 days | 1,579 sqft |
| 2019-07-01 | 0 days | 1,611 sqft |
| 2019-08-01 | 0 days | 1,623 sqft |
| 2019-09-01 | 0 days | 1,616 sqft |
| 2019-10-01 | 0 days | 1,610 sqft |
| 2019-11-01 | 0 days | 1,599 sqft |
| 2019-12-01 | 0 days | 1,588 sqft |
| 2020-01-01 | 0 days | 1,569 sqft |
| 2020-02-01 | 0 days | 1,560 sqft |
| 2020-03-01 | 0 days | 1,487 sqft |
| 2020-04-01 | 0 days | 1,458 sqft |
| 2020-05-01 | 0 days | 1,464 sqft |
| 2020-06-01 | 0 days | 1,464 sqft |
| 2020-07-01 | 0 days | 1,584 sqft |
| 2020-08-01 | 0 days | 1,658 sqft |
| 2020-09-01 | 0 days | 1,617 sqft |
| 2020-10-01 | 0 days | 1,567 sqft |
| 2020-11-01 | 0 days | 1,503 sqft |
| 2020-12-01 | 0 days | 1,465 sqft |
| 2021-01-01 | 0 days | 1,407 sqft |
| 2021-02-01 | 0 days | 1,400 sqft |
| 2021-03-01 | 0 days | 1,298 sqft |
| 2021-04-01 | 0 days | 1,357 sqft |
| 2021-05-01 | 0 days | 1,393 sqft |
| 2021-06-01 | 0 days | 1,551 sqft |
| 2021-07-01 | 0 days | 1,632 sqft |
| 2021-08-01 | 0 days | 1,602 sqft |
| 2021-09-01 | 0 days | 1,604 sqft |
| 2021-10-01 | 0 days | 1,594 sqft |
| 2021-11-01 | 0 days | 1,581 sqft |
| 2021-12-01 | 0 days | 1,538 sqft |
| 2022-01-01 | 0 days | 1,581 sqft |
| 2022-02-01 | 0 days | 1,576 sqft |
| 2022-03-01 | 0 days | 1,603 sqft |
| 2022-04-01 | 0 days | 1,694 sqft |
| 2022-05-01 | 0 days | 1,756 sqft |
| 2022-06-01 | 0 days | 1,687 sqft |
| 2022-07-01 | 0 days | 1,673 sqft |
| 2022-08-01 | 0 days | 1,792 sqft |
| 2022-09-01 | 0 days | 1,751 sqft |
| 2022-10-01 | 0 days | 1,728 sqft |
| 2022-11-01 | 0 days | 1,769 sqft |
| 2022-12-01 | 0 days | 1,684 sqft |
| 2023-01-01 | 0 days | 1,609 sqft |
| 2023-02-01 | 0 days | 1,642 sqft |
| 2023-03-01 | 0 days | 1,609 sqft |
| 2023-04-01 | 0 days | 1,728 sqft |
| 2023-05-01 | 0 days | 1,588 sqft |
MUNCIE's median listing age (time on market) for 2023-05-01 was 0 days.
MUNCIE's median square footage for active listings during the 2023-05-01 period was 1,588 sqft. One year prior, the average listing was 1,756 sqft.
MUNCIE's median square footage for active listings during the 2023-05-01 period was 1,588 sqft. One year prior, the average listing was 1,756 sqft.
MUNCIE, IN Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 46001 | Muncie, IN | $550 | $610 | $790 | $1,010 | $1,070 |
| 46012 | Muncie, IN | $570 | $620 | $810 | $1,040 | $1,100 |
| 46017 | Muncie, IN | $560 | $620 | $800 | $1,020 | $1,080 |
| 46070 | Muncie, IN | $520 | $570 | $740 | $940 | $1,000 |
| 46989 | Muncie, IN | $570 | $600 | $760 | $1,020 | $1,100 |
| 47302 | Muncie, IN | $550 | $580 | $740 | $990 | $1,070 |
| 47303 | Muncie, IN | $550 | $580 | $740 | $990 | $1,070 |
| 47304 | Muncie, IN | $630 | $660 | $840 | $1,130 | $1,220 |
| 47305 | Muncie, IN | $550 | $580 | $740 | $990 | $1,070 |
| 47306 | Muncie, IN | $600 | $630 | $800 | $1,080 | $1,170 |
| 47307 | Muncie, IN | $570 | $600 | $760 | $1,020 | $1,100 |
| 47308 | Muncie, IN | $570 | $600 | $760 | $1,020 | $1,100 |
| 47320 | Muncie, IN | $550 | $580 | $740 | $990 | $1,070 |
| 47334 | Muncie, IN | $620 | $660 | $830 | $1,120 | $1,200 |
| 47336 | Muncie, IN | $550 | $580 | $740 | $990 | $1,070 |
| 47338 | Muncie, IN | $600 | $630 | $800 | $1,080 | $1,160 |
| 47342 | Muncie, IN | $550 | $580 | $740 | $990 | $1,070 |
| 47354 | Muncie, IN | $550 | $580 | $740 | $990 | $1,070 |
| 47356 | Muncie, IN | $530 | $580 | $750 | $960 | $1,030 |
| 47367 | Muncie, IN | $550 | $580 | $740 | $990 | $1,070 |
| 47368 | Muncie, IN | $550 | $580 | $740 | $990 | $1,070 |
| 47383 | Muncie, IN | $610 | $650 | $820 | $1,100 | $1,190 |
| 47386 | Muncie, IN | $570 | $600 | $760 | $1,020 | $1,100 |
| 47396 | Muncie, IN | $550 | $580 | $740 | $990 | $1,070 |
2022 Average & Median Rent Data Statistics
MUNCIE, IN average 1BR rent: $601, median: $590
MUNCIE, IN average 2BR rent: $768, median: $755
MUNCIE, IN average 3BR rent: $1,019, median: $1,000
MUNCIE, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,468 | $248,930,000 | $169,571 |
| Cash Out Refi | 520 | $67,700,000 | $130,192 |
| Refi | 347 | $89,875,000 | $259,006 |
| Other | 223 | $16,195,000 | $72,623 |
| Home Improvement | 219 | $12,335,000 | $56,324 |
Muncie's most frequently cited loan purpose was Home Purchase, with 1,468 originations. The 2nd most popular reason was Cash Out Refi, with 520 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 723 | $117,125,000 | $161,999 |
| 4-5% | 508 | $73,730,000 | $145,138 |
| 3-4% | 473 | $102,125,000 | $215,909 |
| 6-7% | 424 | $62,160,000 | $146,604 |
| <2.5% | 240 | $32,180,000 | $134,083 |
| 7-8% | 221 | $18,895,000 | $85,498 |
| 2.5-3% | 84 | $10,130,000 | $120,595 |
| Over 8% | 71 | $5,235,000 | $73,732 |
During 2022, Muncie's most frequently originated rate bucket was 5-6%, with 723 originations.
Loan Sizing (MUNCIE, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 1,309 | $77,715,000 | $59,370 |
| $100k-200k | 983 | $138,135,000 | $140,524 |
| $200k-400k | 399 | $104,615,000 | $262,193 |
| $400k-600k | 58 | $26,820,000 | $462,414 |
| $Over $1MM | 18 | $80,690,000 | $4,482,778 |
| $600k-1000k | 10 | $7,060,000 | $706,000 |
MUNCIE's loan sizing saw the bucket of loans from $100,000 or less with 1,309 originations, totaling $77,715,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,137 | $180,685,000 | $158,914 |
| 60-80% | 749 | $125,335,000 | $167,336 |
| 20-40% | 279 | $17,905,000 | $64,176 |
| 40-60% | 254 | $28,560,000 | $112,441 |
| Under 20% | 209 | $8,065,000 | $38,589 |
| Over 100% | 23 | $52,085,000 | $2,264,565 |
MUNCIE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,137 originations, totaling $180,685,000 in origination value.