New Castle Mortgage Rates

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

30 Year Fixed Rate mortgages in New Castle averaged 6.01% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 5.92% and one month ago for the week of 2022-05-26, the average rate was 5.61%.

New Castle's average rate one year ago was 3.55%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.71%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
New Castle 30 Year Fixed Rate 2022-06-30 6.01%
New Castle 30 Year Fixed Rate Refi 2022-06-30 5.71%
New Castle 15 Year Fixed Rate 2022-06-30 5.18%
New Castle 15 Year Fixed Rate Refi 2022-06-30 5.29%
New Castle 30 Year FHA 2022-06-30 5.74%
New Castle 30 Year FHA Refi 2022-06-30 5.77%
New Castle 30 Year USDA 2022-06-30 5.98%
New Castle 30 Year USDA Refi 2022-06-30 5.26%
New Castle 30 Year VA 2022-06-30 5.62%
New Castle 30 Year VA Refi 2022-06-30 5.43%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within New Castle, IN.

New Castle 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 New Castle, 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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
AMERIFIRST FINANCIAL CORPORATION 64 3.44% $2,869
CALIBER HOME LOANS, INC. 63 3.19% $2,789
QUICKEN LOANS, LLC 48 3.12% $4,911
First Merchants Bank 34 3.29% $2,482
GVC MORTGAGE, INC. 31 3.33% $2,961
RUOFF MORTGAGE COMPANY, INC. 19 3.26% $1,856
STAR Financial Bank 19 3.26% $3,378
UNITED WHOLESALE MORTGAGE, LLC 13 3.06% $3,218
LOANDEPOT.COM, LLC 13 3.21% $4,115
Citizens Bank 11 3.33% $2,264
MID AMERICA MORTGAGE, INC. 10 3.64% $3,087
First Financial Bank 9 3.17% $2,691
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 3.48% $2,555
FREEDOM MORTGAGE CORPORATION 7 3.14% $3,096
AMERISAVE MORTGAGE CORPORATION 7 2.89% $4,646
JLB CORPORATION 7 3.27% $3,975
HALLMARK HOME MORTGAGE, LLC 6 3.31% $4,077
JPMorgan Chase Bank 6 3.33% $1,892
FORUM Credit Union 5 3.00% $1,805
OPEN MORTGAGE, LLC 5 2.78% $2,643
Three Rivers Federal Credit Union 5 3.48% $2,390
Wells Fargo Bank 5 3.30% $3,163
First Bank Richmond 4 2.63% $3,213
Nations Lending Corporation 4 3.09% $3,553
The Huntington National Bank 4 3.16% $1,853
MYCUMORTGAGE, LLC 4 3.56% $3,434
Farm Credit Mid-America, ACA 4 3.44% $5,524
Fifth Third Bank 4 3.03% $2,770
ENDEAVOR CAPITAL, LLC. 3 3.13% $3,961
NEWREZ LLC 3 3.21% $2,993
PENNYMAC LOAN SERVICES, LLC 3 3.58% $4,178
PNC Bank 3 3.21% $2,698
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 4.04% $2,904
Flagstar Bank, FSB 3 3.37% $4,743
Mr. Cooper ( Nationstar Mortgage ) 3 3.38% $3,904
Bankers' Bank 3 3.46% $1,940
Union Savings Bank 3 2.92% $2,411
MJW Financial LLC 3 3.03% $4,617
Elements Financial Federal Credit Union 3 3.13% $2,549
Northwest Bank 3 3.29% $2,929
INDIANA MEMBERS CREDIT UNION 3 3.08% $2,354
Regions Bank 2 3.31% $2,806
BROKER SOLUTIONS, INC. 2 2.75% $6,139
NAVY FEDERAL CREDIT UNION 2 3.44% $2,803
PLAZA HOME MORTGAGE, INC. 2 3.44% $3,171
InterContinental Capital Group, Inc 2 3.18% $3,938
First Federal Bank of the Midwest 2 2.88% $3,278
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 3.38% $3,007
INSPIRE HOME LOANS INC. 2 3.06% $3,033
Hometown Lenders, Inc. 2 3.13% $3,121
CIBM Bank 2 3.06% $2,309
First Internet Bank of Indiana 2 3.18% $3,220
MOVEMENT MORTGAGE, LLC 2 3.19% $5,071
ROYAL UNITED MORTGAGE LLC 2 3.25% $4,606
TEACHERS CREDIT UNION 2 3.25% $1,147
The Farmers & Merchants State Bank 2 3.68% $3,266
AMERICAN MORTGAGE SERVICE COMPANY 2 3.25% $4,713
The Home Loan Expert LLC 2 2.81% $3,954
ZILLOW HOME LOANS, LLC 1 3.25% $2,701
Advisors Mortgage Group, L.L.C. 1 2.99% $2,079
Arvest Bank 1 3.00% $5,538
Baxter Credit Union 1 2.88% $1,728
BAYSHORE MORTGAGE FUNDING, LLC 1 3.63% $3,458
BETTER MORTGAGE CORPORATION 1 2.88% $1,678
BMO Harris Bank 1 2.88% $3,012
Carrington Mortgage Services, LLC 1 3.50% $4,682
Centier Bank 1 3.38% $5,027
Centra Credit Union 1 3.13% $2,564
CHERRY CREEK MORTGAGE, LLC 1 4.00% $595
COMPASS MORTGAGE, INC. 1 3.50% $3,178
CROSSCOUNTRY MORTGAGE, LLC 1 3.38% $3,404
DIRECT MORTGAGE LOANS, LLC 1 3.13% $3,646
Discover Bank 1 3.99% $0
EAGLE HOME MORTGAGE, LLC 1 2.88% $2,418
EMBRACE HOME LOANS, INC. 1 3.38% $4,581
ENVOY MORTGAGE, LTD 1 3.38% $2,719
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 3.38% $4,398
EVERETT FINANCIAL, INC. 1 3.99% $1,595
First Home Bank 1 2.99% $2,782
First Option Mortgage, LLC 1 3.50% $4,129
FORT FINANCIAL Federal Credit Union 1 3.25% $2,200
GUARANTEED RATE, INC. 1 3.50% $2,719
HANSCOM 1 2.88% $4,703
HOMESIDE FINANCIAL, LLC 1 3.88% $3,088
HONDA Federal Credit Union 1 3.88% $2,693
Horizon Bank 1 3.25% $1,975
Independent Federal Credit Union 1 4.00% $2,631
LIBERTY HOME MORTGAGE CORPORATION 1 3.13% $2,773
Merchants Bank of Indiana 1 3.25% $1,520
MILESTONE HOME LENDING, LLC 1 3.25% $3,738
MORTGAGE MASTERS OF INDIANA, INC. 1 2.75% $1,826
North American Savings Bank, F.S.B. 1 4.00% $2,069
Northpointe Bank 1 3.38% $2,720
NP, Inc. 1 3.12% $2,384
Old National Bank 1 3.13% $2,407
PENTAGON FEDERAL CREDIT UNION 1 3.13% $1,234
PLANET HOME LENDING, LLC 1 3.75% $1,672
POLARIS HOME FUNDING CORP. 1 3.50% $6,305
PREMIA MORTGAGE, LLC 1 3.50% $75
PROVIDENT FUNDING ASSOCIATES, L.P. 1 2.75% $1,964
SECURITYNATIONAL MORTGAGE COMPANY 1 3.63% $3,365
SUCCESS MORTGAGE PARTNERS, INC. 1 3.00% $2,786
T2 FINANCIAL LLC 1 3.25% $4,110
The Federal Savings Bank 1 3.50% $4,550
TUCKER MORTGAGE, LLC 1 3.75% $2,610
UNION HOME MORTGAGE CORP. 1 3.25% $2,690
U.S. Bank 1 3.13% $2,172
VANDERBILT MORTGAGE AND FINANCE, INC. 1 3.13% $2,542
V.I.P. MORTGAGE, INC. 1 3.13% $3,179
Watermark Capital, Inc. 1 3.25% $2,253
Wolfe Financial, Inc 1 3.25% $2,814
ACADEMY MORTGAGE CORPORATION 1 2.88% $2,881

New Castle, IN's 112 lenders originated 1,744 loans during 2021. The total origination value was $231,840,000, with an average loan value of $132,936.

The top New Castle lender as defined by loan originations is AMERIFIRST FINANCIAL CORPORATION, with 64 loans originated. Their average total fees are $2,869, which is $81 higher than the next largest lender, CALIBER HOME LOANS, INC..

The lowest fee New Castle lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($1,856), Citizens Bank ($2,264), First Merchants Bank ($2,482), CALIBER HOME LOANS, INC. ($2,789) and AMERIFIRST FINANCIAL CORPORATION ($2,869).

The lowest rate New Castle lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (3.06%), QUICKEN LOANS, LLC (3.12%), CALIBER HOME LOANS, INC. (3.19%), LOANDEPOT.COM, LLC (3.21%) and STAR Financial Bank (3.26%).

New Castle, IN 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
AMERIFIRST FINANCIAL CORPORATION $31,920,000 $24,955,000 -21.8% 10.8%
CALIBER HOME LOANS, INC. $20,665,000 $24,140,000 16.8% 10.4%
First Merchants Bank $22,075,000 $20,845,000 -5.6% 9.0%
QUICKEN LOANS, LLC $14,750,000 $16,040,000 8.7% 6.9%
GVC MORTGAGE, INC. $7,050,000 $11,685,000 65.7% 5.0%
FREEDOM MORTGAGE CORPORATION $6,150,000 $7,775,000 26.4% 3.4%
Citizens State Bank of New Castle $4,700,000 $7,745,000 64.8% 3.3%
STAR Financial Bank $7,960,000 $7,130,000 -10.4% 3.1%
RUOFF MORTGAGE COMPANY, INC. $8,350,000 $5,280,000 -36.8% 2.3%
LOANDEPOT.COM, LLC $2,470,000 $4,440,000 79.8% 1.9%
MID AMERICA MORTGAGE, INC. $4,915,000 $4,200,000 -14.5% 1.8%
UNITED WHOLESALE MORTGAGE, LLC $1,340,000 $3,910,000 191.8% 1.7%
Citizens Bank $845,000 $3,355,000 297.0% 1.4%
First Financial Bank $275,000 $3,345,000 1,116.4% 1.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,060,000 $3,215,000 5.1% 1.4%
Mr. Cooper ( Nationstar Mortgage ) $2,005,000 $2,675,000 33.4% 1.2%
Greenville National Bank $580,000 $2,590,000 346.6% 1.1%
AMERISAVE MORTGAGE CORPORATION $1,340,000 $2,550,000 90.3% 1.1%
Farm Credit Mid-America, ACA $3,585,000 $2,190,000 -38.9% 0.9%
Mortgage Research Center, LLC $2,415,000 $2,065,000 -14.5% 0.9%
JPMorgan Chase Bank $1,615,000 $1,810,000 12.1% 0.8%
FORUM Credit Union $2,315,000 $1,770,000 -23.5% 0.8%
First Federal Bank of the Midwest $215,000 $1,735,000 707.0% 0.7%
OPEN MORTGAGE, LLC $1,230,000 $1,580,000 28.5% 0.7%
Wells Fargo Bank $525,000 $1,575,000 200.0% 0.7%
PENNYMAC LOAN SERVICES, LLC $725,000 $1,560,000 115.2% 0.7%
HALLMARK HOME MORTGAGE, LLC $760,000 $1,540,000 102.6% 0.7%
Union Savings Bank $560,000 $1,490,000 166.1% 0.6%
MYCUMORTGAGE, LLC $1,355,000 $1,465,000 8.1% 0.6%
NEWREZ LLC $345,000 $1,465,000 324.6% 0.6%
NEW DAY FINANCIAL, LLC $785,000 $1,360,000 73.2% 0.6%
Nations Lending Corporation $625,000 $1,270,000 103.2% 0.5%
NAVY FEDERAL CREDIT UNION $275,000 $1,205,000 338.2% 0.5%
AMERICAN MORTGAGE SERVICE COMPANY $1,455,000 $1,165,000 -19.9% 0.5%
Old National Bank $1,645,000 $1,135,000 -31.0% 0.5%
First Bank Richmond $1,700,000 $1,115,000 -34.4% 0.5%
Carrington Mortgage Services, LLC $1,090,000 $1,110,000 1.8% 0.5%
The Huntington National Bank $1,450,000 $1,110,000 -23.4% 0.5%
Fifth Third Bank $1,360,000 $1,100,000 -19.1% 0.5%
INDIANA MEMBERS CREDIT UNION $550,000 $1,100,000 100.0% 0.5%
Flagstar Bank, FSB $1,580,000 $1,085,000 -31.3% 0.5%
GUARANTEED RATE, INC. $215,000 $1,080,000 402.3% 0.5%
JLB CORPORATION $155,000 $1,055,000 580.6% 0.5%
ROYAL UNITED MORTGAGE LLC $2,940,000 $1,040,000 -64.6% 0.4%
1ST SIGNATURE LENDING, LLC $655,000 $1,005,000 53.4% 0.4%
Greenfield Banking Company $1,490,000 $1,005,000 -32.6% 0.4%
PNC Bank $1,310,000 $1,005,000 -23.3% 0.4%
CROSSCOUNTRY MORTGAGE, LLC $1,255,000 $970,000 -22.7% 0.4%
INSPIRE HOME LOANS INC. $270,000 $970,000 259.3% 0.4%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $215,000 $870,000 304.7% 0.4%
USAA Federal Savings Bank $1,405,000 $855,000 -39.1% 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $120,000 $835,000 595.8% 0.4%
Elements Financial Federal Credit Union $875,000 $775,000 -11.4% 0.3%
MJW Financial LLC $55,000 $730,000 1,227.3% 0.3%
Three Rivers Federal Credit Union $435,000 $730,000 67.8% 0.3%
CIBM Bank $720,000 n/a 0.3%
BROKER SOLUTIONS, INC. $710,000 $710,000 0.0% 0.3%
EUSTIS AND AMERICAN MORTGAGE COMPANY $430,000 $700,000 62.8% 0.3%
LAKEVIEW LOAN SERVICING, LLC $430,000 $700,000 62.8% 0.3%
The Federal Savings Bank $430,000 $665,000 54.7% 0.3%
VILLAGE CAPITAL & INVESTMENT LLC $385,000 $635,000 64.9% 0.3%
HOME POINT FINANCIAL CORPORATION $570,000 $630,000 10.5% 0.3%
The Home Loan Expert LLC $300,000 $610,000 103.3% 0.3%
ENDEAVOR CAPITAL, LLC. $270,000 $595,000 120.4% 0.3%
First Internet Bank of Indiana $245,000 $590,000 140.8% 0.3%
BETTER MORTGAGE CORPORATION $600,000 $585,000 -2.5% 0.3%
FINANCE OF AMERICA MORTGAGE LLC $165,000 $575,000 248.5% 0.2%
Regions Bank $405,000 $570,000 40.7% 0.2%
Barrington Bank & Trust Company, N.A. $590,000 $565,000 -4.2% 0.2%
Northwest Bank $785,000 $565,000 -28.0% 0.2%
Bankers' Bank $555,000 n/a 0.2%
CLEARPATH LENDING $1,455,000 $525,000 -63.9% 0.2%
First Guaranty Mortgage Corporation $135,000 $525,000 288.9% 0.2%
First Federal Bank $505,000 n/a 0.2%
Bank of America $480,000 n/a 0.2%
Hometown Lenders, Inc. $310,000 $480,000 54.8% 0.2%
InterContinental Capital Group, Inc $475,000 n/a 0.2%
Gateway First Bank $450,000 n/a 0.2%
U.S. Bank $835,000 $450,000 -46.1% 0.2%
HONDA Federal Credit Union $160,000 $425,000 165.6% 0.2%
CHURCHILL MORTGAGE CORPORATION $360,000 $420,000 16.7% 0.2%
The Farmers & Merchants State Bank $1,265,000 $375,000 -70.4% 0.2%
TUCKER MORTGAGE, LLC $345,000 $370,000 7.2% 0.2%
Horizon Bank $15,000 $360,000 2,300.0% 0.2%
Low VA Rates, LLC $355,000 n/a 0.2%
PLAZA HOME MORTGAGE, INC. $330,000 $355,000 7.6% 0.2%
TEACHERS CREDIT UNION $540,000 $355,000 -34.3% 0.2%
Bath State Bank $205,000 $350,000 70.7% 0.2%
MOVEMENT MORTGAGE, LLC $350,000 n/a 0.2%
Centier Bank $1,160,000 $345,000 -70.3% 0.1%
SOFI LENDING CORP. $260,000 $345,000 32.7% 0.1%
FINANCIAL CENTER FIRST CREDIT UNION $70,000 $340,000 385.7% 0.1%
T2 FINANCIAL LLC $150,000 $325,000 116.7% 0.1%
PHH Mortgage Corporation $155,000 $300,000 93.5% 0.1%
ZILLOW HOME LOANS, LLC $300,000 n/a 0.1%
Sierra Pacific Mortgage Company, Inc. $320,000 $290,000 -9.4% 0.1%
POLARIS HOME FUNDING CORP. $455,000 $280,000 -38.5% 0.1%
Northpointe Bank $115,000 $265,000 130.4% 0.1%
KeyBank $605,000 $255,000 -57.9% 0.1%
Ally Bank $250,000 n/a 0.1%
North American Savings Bank, F.S.B. $235,000 $250,000 6.4% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $55,000 $250,000 354.5% 0.1%
PENTAGON FEDERAL CREDIT UNION $240,000 n/a 0.1%
Merchants Bank of Indiana $235,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $455,000 $230,000 -49.5% 0.1%
First Option Mortgage, LLC $325,000 $225,000 -30.8% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $725,000 $225,000 -69.0% 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $540,000 $220,000 -59.3% 0.1%
MILESTONE HOME LENDING, LLC $190,000 $220,000 15.8% 0.1%
PLANET HOME LENDING, LLC $145,000 $215,000 48.3% 0.1%
Discover Bank $90,000 $205,000 127.8% 0.1%
Figure Lending LLC $95,000 $195,000 105.3% 0.1%
Advisors Mortgage Group, L.L.C. $185,000 n/a 0.1%
Community First Bank of Indiana $185,000 n/a 0.1%
COMPASS MORTGAGE, INC. $185,000 n/a 0.1%
NATIONWIDE MORTGAGE BANKERS, INC. $185,000 n/a 0.1%
SOUTHWEST FUNDING, LP $185,000 n/a 0.1%
Bank of England $355,000 $175,000 -50.7% 0.1%
BAYSHORE MORTGAGE FUNDING, LLC $65,000 $175,000 169.2% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $135,000 $175,000 29.6% 0.1%
V.I.P. MORTGAGE, INC. $175,000 $175,000 0.0% 0.1%
Madison County Federal Credit Union $45,000 $170,000 277.8% 0.1%
LIBERTY HOME MORTGAGE CORPORATION $165,000 n/a 0.1%
MORTGAGE MASTERS OF INDIANA, INC. $165,000 n/a 0.1%
Centra Credit Union $190,000 $155,000 -18.4% 0.1%
CMG MORTGAGE, INC. $155,000 n/a 0.1%
HANSCOM $155,000 n/a 0.1%
EQUITY RESOURCES, INC. $195,000 $145,000 -25.6% 0.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $145,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $175,000 $135,000 -22.9% 0.1%
First Financial Bank $275,000 $135,000 -50.9% 0.1%
First Home Bank $135,000 n/a 0.1%
FORT FINANCIAL Federal Credit Union $135,000 n/a 0.1%
Lake City Bank $135,000 n/a 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $135,000 n/a 0.1%
Watermark Capital, Inc. $135,000 n/a 0.1%
Wolfe Financial, Inc $65,000 $135,000 107.7% 0.1%
Arvest Bank $125,000 n/a 0.1%
EAGLE HOME MORTGAGE, LLC $125,000 n/a 0.1%
21ST MORTGAGE CORPORATION $110,000 $115,000 4.5% 0.0%
ACADEMY MORTGAGE CORPORATION $85,000 $115,000 35.3% 0.0%
EMBRACE HOME LOANS, INC. $195,000 $115,000 -41.0% 0.0%
PARKSIDE LENDING, LLC $115,000 n/a 0.0%
ENVOY MORTGAGE, LTD $105,000 n/a 0.0%
FAY SERVICING, LLC $105,000 n/a 0.0%
UNION HOME MORTGAGE CORP. $565,000 $105,000 -81.4% 0.0%
CHERRY CREEK MORTGAGE, LLC $95,000 $95,000 0.0% 0.0%
PREMIA MORTGAGE, LLC $95,000 n/a 0.0%
TOP FLITE FINANCIAL, INC. $95,000 n/a 0.0%
Baxter Credit Union $85,000 n/a 0.0%
Manufacturers and Traders Trust Company $85,000 n/a 0.0%
NP, Inc. $165,000 $85,000 -48.5% 0.0%
SECURITYNATIONAL MORTGAGE COMPANY $170,000 $85,000 -50.0% 0.0%
SUCCESS MORTGAGE PARTNERS, INC. $85,000 n/a 0.0%
BEACON CREDIT UNION $550,000 $65,000 -88.2% 0.0%
BMO Harris Bank $135,000 $65,000 -51.9% 0.0%
Equity Prime Mortgage LLC $145,000 $65,000 -55.2% 0.0%
EVERETT FINANCIAL, INC. $245,000 $65,000 -73.5% 0.0%
Secured Investment Corp. $65,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $55,000 n/a 0.0%
DIRECT MORTGAGE LOANS, LLC $55,000 n/a 0.0%
First Bank of Berne $55,000 n/a 0.0%
Notre Dame Federal Credit Union Corporation $55,000 n/a 0.0%
OMNI Community Credit Union $55,000 n/a 0.0%
ALTRA $45,000 n/a 0.0%
PrimeTrust Financial Federal Credit Union $260,000 $45,000 -82.7% 0.0%
Independent Federal Credit Union $65,000 $35,000 -46.2% 0.0%
SPRING EQ, LLC $85,000 $25,000 -70.6% 0.0%
AMERICAN ADVISORS GROUP $25,000 $15,000 -40.0% 0.0%

New Castle's top lender by overall market share is AMERIFIRST FINANCIAL CORPORATION, with 10.8% market share. In second place, with 10.4%, is CALIBER HOME LOANS, INC., having originated $24,140,000 in loans. In third place, with 9.0%, is First Merchants Bank, having originated $20,845,000 in loans. In third place, with 6.9%, is QUICKEN LOANS, LLC, having originated $16,040,000 in loans. In third place, with 5.0%, is GVC MORTGAGE, INC., having originated $11,685,000 in loans.


New Castle, IN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 676 $101,390,000 $149,985
Refi 549 $73,325,000 $133,561
Cash Out Refi 348 $45,540,000 $130,862
Other 97 $7,095,000 $73,144
Home Improvement 74 $4,490,000 $60,676

New Castle's most frequently cited loan purpose was Home Purchase, with 676 originations. The 2nd most popular reason was Refi, with 549 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 714 $97,990,000 $137,241
2.5-3% 496 $72,010,000 $145,181
<2.5% 329 $38,705,000 $117,644
4-5% 81 $9,285,000 $114,630
5-6% 17 $1,265,000 $74,412
6-7% 8 $420,000 $52,500
Over 8% 5 $215,000 $43,000
7-8% 4 $200,000 $50,000

During 2021, New Castle's most frequently originated rate bucket was 3-4%, with 714 originations.

Loan Sizing (New Castle, IN MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 757 $108,715,000 $143,613
$100,000 or less 711 $46,015,000 $64,719
$200k-400k 253 $65,835,000 $260,217
$400k-600k 20 $9,180,000 $459,000
$600k-1000k 3 $2,095,000 $698,333

New Castle's loan sizing saw the bucket of loans from $100k-200k with 757 originations, totaling $108,715,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 676 $104,050,000 $153,920
60-80% 483 $67,945,000 $140,673
40-60% 210 $22,640,000 $107,810
20-40% 116 $7,980,000 $68,793
Under 20% 75 $2,155,000 $28,733
Over 100% 13 $2,825,000 $217,308

New Castle's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 676 originations, totaling $104,050,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - New Castle (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 $72,900 (4.3%) $102,620 (-1.2%) 0.00 276
2018-02-01 $79,000 (14.6%) $103,023 (5.9%) 0.00 265
2018-03-01 $79,900 (14.3%) $113,005 (14.3%) 0.00 259
2018-04-01 $78,100 (11.7%) $124,728 (29.0%) 0.00 214
2018-05-01 $70,900 (-10.8%) $121,521 (10.0%) 0.00 233
2018-06-01 $79,900 (-2.6%) $134,326 (9.9%) 0.00 285
2018-07-01 $89,900 (0.0%) $132,618 (6.9%) 0.00 307
2018-08-01 $99,400 (4.7%) $139,175 (11.0%) 0.00 300
2018-09-01 $95,000 (0.1%) $137,456 (6.2%) 0.00 299
2018-10-01 $94,900 (13.7%) $141,384 (18.5%) 0.00 271
2018-11-01 $88,700 (3.2%) $132,954 (12.0%) 0.00 253
2018-12-01 $80,000 (9.7%) $123,229 (15.4%) 0.00 222
2019-01-01 $83,750 (14.9%) $124,271 (21.1%) 0.00 206
2019-02-01 $92,200 (16.7%) $124,871 (21.2%) 0.00 206
2019-03-01 $75,100 (-6.0%) $109,726 (-2.9%) 0.00 202
2019-04-01 $70,550 (-9.7%) $109,974 (-11.8%) 0.00 204
2019-05-01 $78,900 (11.3%) $114,277 (-6.0%) 0.00 196
2019-06-01 $79,900 (0.0%) $117,793 (-12.3%) 0.00 187
2019-07-01 $74,700 (-16.9%) $110,493 (-16.7%) 0.00 194
2019-08-01 $82,386 (-17.1%) $115,448 (-17.1%) 0.00 241
2019-09-01 $93,900 (-1.2%) $126,245 (-8.2%) 0.00 260
2019-10-01 $89,450 (-5.7%) $123,886 (-12.4%) 0.00 238
2019-11-01 $89,900 (1.4%) $127,465 (-4.1%) 0.00 266
2019-12-01 $91,400 (14.3%) $135,336 (9.8%) 0.00 221
2020-01-01 $89,900 (7.3%) $132,494 (6.6%) 0.00 206
2020-02-01 $89,500 (-2.9%) $129,069 (3.4%) 0.00 178
2020-03-01 $88,950 (18.4%) $132,607 (20.9%) 0.00 162
2020-04-01 $76,950 (9.1%) $124,835 (13.5%) 0.00 129
2020-05-01 $79,990 (1.4%) $126,650 (10.8%) 0.00 102
2020-06-01 $99,900 (25.0%) $132,126 (12.2%) 0.00 80
2020-07-01 $129,900 (73.9%) $154,648 (40.0%) 0.00 87
2020-08-01 $109,900 (33.4%) $148,764 (28.9%) 0.00 76
2020-09-01 $129,950 (38.4%) $153,973 (22.0%) 0.00 92
2020-10-01 $89,900 (0.5%) $133,626 (7.9%) 0.00 123
2020-11-01 $92,450 (2.8%) $128,361 (0.7%) 0.00 119
2020-12-01 $93,900 (2.7%) $125,543 (-7.2%) 0.00 116
2021-01-01 $94,900 (5.6%) $121,494 (-8.3%) 0.00 106
2021-02-01 $94,900 (6.0%) $124,232 (-3.8%) 0.00 88
2021-03-01 $215,745 (142.6%) $196,618 (48.3%) 0.00 97
2021-04-01 $233,590 (203.6%) $219,544 (75.9%) 0.00 100
2021-05-01 $259,000 (223.8%) $242,695 (91.6%) 0.00 89
2021-06-01 $262,845 (163.1%) $236,610 (79.1%) 0.00 102
2021-07-01 $277,450 (113.6%) $251,113 (62.4%) 0.00 110
2021-08-01 $194,450 (76.9%) $225,280 (51.4%) 0.00 141
2021-09-01 $202,450 (55.8%) $237,005 (53.9%) 0.00 152
2021-10-01 $180,000 (100.2%) $219,881 (64.6%) 0.00 174
2021-11-01 $201,950 (118.4%) $221,187 (72.3%) 0.00 155
2021-12-01 $236,145 (151.5%) $226,739 (80.6%) 0.00 134
2022-01-01 $239,900 (152.8%) $220,505 (81.5%) 0.00 120
2022-02-01 $264,950 (179.2%) $227,796 (83.4%) 0.00 105
2022-03-01 $244,900 (13.5%) $226,210 (15.1%) 0.00 98
2022-04-01 $314,900 (34.8%) $251,956 (14.8%) 0.00 113
2022-05-01 $314,900 (21.6%) $265,866 (9.6%) 0.00 113
2022-06-01 $314,900 (19.8%) $246,065 (4.0%) 0.00 123
New Castle's median listing price for 2022-06-01 was $314,900, a difference of $52,055 (19.8%) versus the prior year and $0 versus the prior month.

New Castle's median listing price comes in at 0% of the national average.

New Castle's average listing price for 2022-06-01 was $246,065, a difference of $9,455 (4.0%) versus the prior year and $-19,801 versus the prior month.

For the 2022-06-01 period, New Castle had 123 MLS listings, a difference of 10 listings (9%) versus the prior month and 21 listings (21%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - New Castle (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,575 sqft
2018-02-01 0 days 1,652 sqft
2018-03-01 0 days 1,680 sqft
2018-04-01 0 days 1,608 sqft
2018-05-01 0 days 1,635 sqft
2018-06-01 0 days 1,750 sqft
2018-07-01 0 days 1,772 sqft
2018-08-01 0 days 1,818 sqft
2018-09-01 0 days 1,820 sqft
2018-10-01 0 days 1,840 sqft
2018-11-01 0 days 1,808 sqft
2018-12-01 0 days 1,804 sqft
2019-01-01 0 days 1,740 sqft
2019-02-01 0 days 1,668 sqft
2019-03-01 0 days 1,549 sqft
2019-04-01 0 days 1,486 sqft
2019-05-01 0 days 1,493 sqft
2019-06-01 0 days 1,508 sqft
2019-07-01 0 days 1,501 sqft
2019-08-01 0 days 1,542 sqft
2019-09-01 0 days 1,558 sqft
2019-10-01 0 days 1,538 sqft
2019-11-01 0 days 1,529 sqft
2019-12-01 0 days 1,599 sqft
2020-01-01 0 days 1,581 sqft
2020-02-01 0 days 1,606 sqft
2020-03-01 0 days 1,578 sqft
2020-04-01 0 days 1,647 sqft
2020-05-01 0 days 1,744 sqft
2020-06-01 0 days 1,811 sqft
2020-07-01 0 days 1,982 sqft
2020-08-01 0 days 1,824 sqft
2020-09-01 0 days 1,754 sqft
2020-10-01 0 days 1,616 sqft
2020-11-01 0 days 1,603 sqft
2020-12-01 0 days 1,603 sqft
2021-01-01 0 days 1,603 sqft
2021-02-01 0 days 1,603 sqft
2021-03-01 0 days 1,761 sqft
2021-04-01 0 days 1,761 sqft
2021-05-01 0 days 1,772 sqft
2021-06-01 0 days 1,775 sqft
2021-07-01 0 days 1,818 sqft
2021-08-01 0 days 1,851 sqft
2021-09-01 0 days 1,799 sqft
2021-10-01 0 days 1,775 sqft
2021-11-01 0 days 1,768 sqft
2021-12-01 0 days 1,775 sqft
2022-01-01 0 days 1,775 sqft
2022-02-01 0 days 1,775 sqft
2022-03-01 0 days 1,775 sqft
2022-04-01 0 days 1,775 sqft
2022-05-01 0 days 1,775 sqft
2022-06-01 0 days 1,904 sqft
New Castle's median listing age (time on market) for 2022-06-01 was 0 days.

New Castle's median square footage for active listings during the 2022-06-01 period was 1,904 sqft. One year prior, the average listing was 1,775 sqft.