North Vernon Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in North Vernon averaged 7.05% for the week of 2025-05-22, compared to the national average of 6.86% for the same period.

    The average rate for the prior week (2025-05-15) was 6.7% and one month ago for the week of 2025-04-17, the average rate was 7.12%.

    North Vernon's average rate one year ago was 7.21%.

    For refis of the same type during the week of 2025-05-22, the average rate was 6.86%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-05-22 6.86%
    North Vernon 30 Year Fixed Rate 2025-05-22 7.05%
    North Vernon 30 Year Fixed Rate Refi 2025-05-22 6.86%
    North Vernon 15 Year Fixed Rate 2025-05-22 6.01%
    North Vernon 15 Year Fixed Rate Refi 2025-05-22 5.91%
    North Vernon 30 Year FHA 2025-05-22 6.51%
    North Vernon 30 Year FHA Refi 2025-05-22 6.51%
    North Vernon 30 Year USDA 2025-05-22 6.33%
    North Vernon 30 Year USDA Refi 2025-05-22 6.53%
    North Vernon 30 Year VA 2025-05-22 6.42%
    North Vernon 30 Year VA Refi 2025-05-22 6.72%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within North Vernon, IN.

    North Vernon Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the North Vernon, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Centra Credit Union 38 6.74% $2,592
    Jackson County Bank 24 6.39% $3,691
    GVC MORTGAGE, INC. 20 6.82% $4,718
    First Financial Bank 14 7.04% $2,764
    QUICKEN LOANS, LLC 13 7.05% $4,628
    German American Bank 9 7.04% $2,492
    UNITED WHOLESALE MORTGAGE, LLC 7 6.38% $6,373
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.96% $4,864
    Wolfe Financial, Inc 4 7.00% $4,391
    HALLMARK HOME MORTGAGE, LLC 3 7.00% $3,602
    RUOFF MORTGAGE COMPANY, INC. 3 6.79% $4,254
    JPMorgan Chase Bank 3 6.83% $2,316
    GENEVA FINANCIAL, LLC 2 6.56% $4,336
    CMG MORTGAGE, INC. 2 7.13% $4,094
    PNC Bank 2 7.00% $2,810
    Fifth Third Bank 2 6.75% $3,613
    Farm Credit Mid-America, ACA 2 6.94% $3,906
    NAVY FEDERAL CREDIT UNION 1 8.13% $6,856
    Northpointe Bank 1 6.99% $3,451
    Old National Bank 1 6.63% $2,803
    Prosperity Home Mortgage, LLC 1 6.63% $3,370
    AMERISAVE MORTGAGE CORPORATION 1 7.13% $5,602
    Regions Bank 1 6.50% $1,917
    Servion, Inc. 1 7.00% $3,215
    Three Rivers Federal Credit Union 1 6.88% $3,873
    Union Savings Bank 1 6.50% $905
    Ally Bank 1 7.13% $3,854
    U.S. Bank 1 7.13% $2,392
    ENDEAVOR CAPITAL, LLC. 1 6.38% $6,416
    21ST MORTGAGE CORPORATION 1 8.16% $4,722
    DIRECT MORTGAGE LOANS, LLC 1 7.63% $4,784
    CROSSCOUNTRY MORTGAGE, LLC 1 7.38% $3,612
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 7.01% $3,700
    BancorpSouth 1 5.75% $3,358
    LAKEVIEW LOAN SERVICING, LLC 1 7.63% $5,682
    LOANDEPOT.COM, LLC 1 6.63% $7,683
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.38% $5,926

    North Vernon Average Closing Costs & Other Stats

    North Vernon, IN's 37 lenders originated 623 loans during 2024. The total origination value was $86,675,000, with an average loan value of $139,125.

    North Vernon's average closing costs are $4,110.

    The top North Vernon lender as defined by loan originations is Centra Credit Union, with 38 loans originated. Their average total fees are $2,592, which is $1,100 lower than the next largest lender, Jackson County Bank.

    The lowest fee North Vernon lenders (with over 10 loans originated) are Centra Credit Union ($2,592), First Financial Bank ($2,764), Jackson County Bank ($3,691), QUICKEN LOANS, LLC ($4,628) and GVC MORTGAGE, INC. ($4,718).

    The lowest rate North Vernon lenders (with over 10 loans originated) are Jackson County Bank (6.39%), Centra Credit Union (6.74%), GVC MORTGAGE, INC. (6.82%), First Financial Bank (7.04%) and QUICKEN LOANS, LLC (7.05%).

    North Vernon, 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    Centra Credit Union $13,800,000 $15,190,000 10.1% 17.5%
    First Financial Bank $8,275,000 $9,675,000 16.9% 11.2%
    GVC MORTGAGE, INC. $5,665,000 $8,540,000 50.8% 9.9%
    Jackson County Bank $8,765,000 $7,200,000 -17.9% 8.3%
    German American Bank $4,835,000 $5,345,000 10.5% 6.2%
    QUICKEN LOANS, LLC $3,095,000 $3,925,000 26.8% 4.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,795,000 $3,030,000 68.8% 3.5%
    RUOFF MORTGAGE COMPANY, INC. $1,455,000 $2,420,000 66.3% 2.8%
    UNITED WHOLESALE MORTGAGE, LLC $770,000 $2,395,000 211.0% 2.8%
    HALLMARK HOME MORTGAGE, LLC $955,000 $2,240,000 134.6% 2.6%
    Mortgage Research Center, LLC $780,000 $2,175,000 178.8% 2.5%
    GENEVA FINANCIAL, LLC $350,000 $1,625,000 364.3% 1.9%
    DIRECT MORTGAGE LOANS, LLC $2,835,000 $1,550,000 -45.3% 1.8%
    Wolfe Financial, Inc $2,790,000 $1,395,000 -50.0% 1.6%
    CMG MORTGAGE, INC. $305,000 $1,250,000 309.8% 1.4%
    PNC Bank $1,140,000 $1,065,000 -6.6% 1.2%
    Fifth Third Bank $55,000 $1,060,000 1,827.3% 1.2%
    Old National Bank $1,495,000 $1,060,000 -29.1% 1.2%
    21ST MORTGAGE CORPORATION $670,000 $1,015,000 51.5% 1.2%
    PENNYMAC LOAN SERVICES, LLC $300,000 $840,000 180.0% 1.0%
    FREEDOM MORTGAGE CORPORATION $310,000 $650,000 109.7% 0.7%
    NEWREZ LLC $680,000 $640,000 -5.9% 0.7%
    HOWARD HANNA FINANCIAL SERVICES, INC. $535,000 n/a 0.6%
    Carrington Mortgage Services, LLC $135,000 $525,000 288.9% 0.6%
    INTERLINC MORTGAGE SERVICES, LLC $510,000 n/a 0.6%
    1ST SIGNATURE LENDING, LLC $155,000 $480,000 209.7% 0.6%
    Farm Credit Mid-America, ACA $1,490,000 $475,000 -68.1% 0.5%
    LOANPAL, LLC $65,000 $385,000 492.3% 0.4%
    BancorpSouth $375,000 n/a 0.4%
    NAVY FEDERAL CREDIT UNION $540,000 $370,000 -31.5% 0.4%
    PLANET HOME LENDING, LLC $365,000 n/a 0.4%
    PLAZA HOME MORTGAGE, INC. $360,000 n/a 0.4%
    JPMorgan Chase Bank $185,000 $325,000 75.7% 0.4%
    AMERISAVE MORTGAGE CORPORATION $420,000 $315,000 -25.0% 0.4%
    LOANDEPOT.COM, LLC $705,000 $300,000 -57.4% 0.3%
    ALLIED MORTGAGE GROUP, INC. $295,000 n/a 0.3%
    FIRST COMMUNITY MORTGAGE, INC. $650,000 $290,000 -55.4% 0.3%
    The Farmers Bank of Milton $420,000 $285,000 -32.1% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $330,000 $260,000 -21.2% 0.3%
    ENDEAVOR CAPITAL, LLC. $250,000 n/a 0.3%
    AMWEST FUNDING CORP. $245,000 n/a 0.3%
    Northpointe Bank $245,000 n/a 0.3%
    The Federal Savings Bank $245,000 n/a 0.3%
    Ally Bank $235,000 n/a 0.3%
    AmeriHome Mortgage Company, LLC $235,000 n/a 0.3%
    GUILD MORTGAGE COMPANY $230,000 n/a 0.3%
    Union Savings And Loan Association $225,000 n/a 0.3%
    LAKEVIEW LOAN SERVICING, LLC $220,000 n/a 0.3%
    Three Rivers Federal Credit Union $215,000 n/a 0.2%
    Gateway First Bank $195,000 n/a 0.2%
    U.S. Bank $155,000 $195,000 25.8% 0.2%
    VILLAGE CAPITAL MORTGAGE $195,000 n/a 0.2%
    HOMESIDE FINANCIAL, LLC $185,000 n/a 0.2%
    STOCKTON MORTGAGE CORPORATION $185,000 n/a 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $175,000 n/a 0.2%
    Equity Prime Mortgage LLC $225,000 $155,000 -31.1% 0.2%
    Regions Bank $1,075,000 $155,000 -85.6% 0.2%
    Servion, Inc. $155,000 n/a 0.2%
    BROKER SOLUTIONS, INC. $355,000 $150,000 -57.7% 0.2%
    Horizon Bank $150,000 n/a 0.2%
    MID AMERICA MORTGAGE, INC. $145,000 n/a 0.2%
    MILEND, INC. $145,000 n/a 0.2%
    Prosperity Home Mortgage, LLC $350,000 $135,000 -61.4% 0.2%
    Figure Lending LLC $60,000 $125,000 108.3% 0.1%
    Mr. Cooper ( Nationstar Mortgage ) $645,000 $125,000 -80.6% 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $515,000 $105,000 -79.6% 0.1%
    DEEPHAVEN MORTGAGE LLC $105,000 n/a 0.1%
    M&T Bank $105,000 n/a 0.1%
    First Savings Bank $65,000 $85,000 30.8% 0.1%
    Transportation Federal Credit Union $85,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $75,000 n/a 0.1%
    The Huntington National Bank $430,000 $70,000 -83.7% 0.1%
    FORUM Credit Union $125,000 $65,000 -48.0% 0.1%
    GREENSTATE CREDIT UNION $65,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $210,000 $55,000 -73.8% 0.1%
    Third Federal Savings and Loan Association of Cleveland $55,000 n/a 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $435,000 $55,000 -87.4% 0.1%
    Union Savings Bank $520,000 $35,000 -93.3% 0.0%
    Civista Bank $15,000 $15,000 0.0% 0.0%

    North Vernon's top lender by overall market share is Centra Credit Union, with 17.5% market share. In second place, with 11.2%, is First Financial Bank, having originated $9,675,000 in loans. In third place, with 9.9%, is GVC MORTGAGE, INC., having originated $8,540,000 in loans. In fourth place, with 8.3%, is Jackson County Bank, having originated $7,200,000 in loans. In fifth place, with 6.2%, is German American Bank, having originated $5,345,000 in loans.

    North Vernon Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - North 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 $99,475 (7.0%) $116,076 (-9.7%) 0.00 37
    2018-02-01 $99,900 (11.4%) $120,717 (-0.3%) 0.00 35
    2018-03-01 $104,750 (23.4%) $122,652 (3.1%) 0.00 34
    2018-04-01 $104,550 (24.1%) $127,434 (5.0%) 0.00 35
    2018-05-01 $109,950 (31.3%) $131,320 (6.3%) 0.00 42
    2018-06-01 $129,900 (46.0%) $140,812 (6.0%) 0.00 43
    2018-07-01 $116,750 (23.0%) $139,819 (9.3%) 0.00 39
    2018-08-01 $119,825 (21.1%) $136,117 (3.5%) 0.00 43
    2018-09-01 $124,700 (26.1%) $146,158 (13.2%) 0.00 46
    2018-10-01 $123,250 (25.5%) $146,607 (19.2%) 0.00 46
    2018-11-01 $124,700 (30.3%) $150,319 (24.4%) 0.00 41
    2018-12-01 $132,200 (33.6%) $154,611 (21.4%) 0.00 35
    2019-01-01 $142,175 (42.9%) $165,532 (42.6%) 0.00 32
    2019-02-01 $141,150 (41.3%) $173,291 (43.6%) 0.00 31
    2019-03-01 $133,850 (27.8%) $168,606 (37.5%) 0.00 34
    2019-04-01 $132,400 (26.6%) $162,763 (27.7%) 0.00 40
    2019-05-01 $138,975 (26.4%) $160,922 (22.5%) 0.00 47
    2019-06-01 $156,950 (20.8%) $159,231 (13.1%) 0.00 49
    2019-07-01 $143,475 (22.9%) $168,686 (20.7%) 0.00 46
    2019-08-01 $158,991 (32.7%) $170,465 (25.2%) 0.00 52
    2019-09-01 $142,627 (14.4%) $165,054 (12.9%) 0.00 59
    2019-10-01 $134,193 (8.9%) $166,493 (13.6%) 0.00 59
    2019-11-01 $139,900 (12.2%) $173,619 (15.5%) 0.00 46
    2019-12-01 $152,425 (15.3%) $176,329 (14.1%) 0.00 43
    2020-01-01 $129,675 (-8.8%) $169,788 (2.6%) 0.00 39
    2020-02-01 $151,000 (7.0%) $177,271 (2.3%) 0.00 34
    2020-03-01 $126,125 (-5.8%) $160,706 (-4.7%) 0.00 34
    2020-04-01 $133,650 (0.9%) $167,374 (2.8%) 0.00 31
    2020-05-01 $129,900 (-6.5%) $179,962 (11.8%) 0.00 23
    2020-06-01 $122,925 (-21.7%) $184,393 (15.8%) 0.00 24
    2020-07-01 $166,400 (16.0%) $259,758 (54.0%) 0.00 22
    2020-08-01 $169,000 (6.3%) $256,975 (50.8%) 0.00 24
    2020-09-01 $171,425 (20.2%) $258,183 (56.4%) 0.00 28
    2020-10-01 $194,900 (45.2%) $251,651 (51.2%) 0.00 29
    2020-11-01 $194,900 (39.3%) $199,104 (14.7%) 0.00 30
    2020-12-01 $168,000 (10.2%) $182,725 (3.6%) 0.00 27
    2021-01-01 $160,000 (23.4%) $183,627 (8.2%) 0.00 25
    2021-02-01 $139,325 (-7.7%) $167,849 (-5.3%) 0.00 21
    2021-03-01 $159,875 (26.8%) $173,987 (8.3%) 0.00 17
    2021-04-01 $134,750 (0.8%) $162,219 (-3.1%) 0.00 16
    2021-05-01 $126,250 (-2.8%) $161,345 (-10.3%) 0.00 15
    2021-06-01 $145,350 (18.2%) $186,956 (1.4%) 0.00 15
    2021-07-01 $162,500 (-2.3%) $215,306 (-17.1%) 0.00 15
    2021-08-01 $184,950 (9.4%) $231,614 (-9.9%) 0.00 22
    2021-09-01 $177,400 (3.5%) $220,158 (-14.7%) 0.00 27
    2021-10-01 $169,900 (-12.8%) $201,439 (-20.0%) 0.00 25
    2021-11-01 $148,150 (-24.0%) $189,139 (-5.0%) 0.00 27
    2021-12-01 $154,900 (-7.8%) $193,599 (6.0%) 0.00 25
    2022-01-01 $179,900 (12.4%) $187,615 (2.2%) 0.00 22
    2022-02-01 $169,900 (22.0%) $205,140 (22.2%) 0.00 18
    2022-03-01 $156,400 (-2.2%) $201,808 (16.0%) 0.00 14
    2022-04-01 $124,900 (-7.3%) $165,017 (1.7%) 0.00 13
    2022-05-01 $203,725 (61.4%) $215,940 (33.8%) 0.00 15
    2022-06-01 $239,000 (64.4%) $241,448 (29.2%) 0.00 22
    2022-07-01 $229,900 (41.5%) $245,678 (14.1%) 0.00 27
    2022-08-01 $238,150 (28.8%) $276,409 (19.3%) 0.00 30
    2022-09-01 $266,213 (50.1%) $285,980 (29.9%) 0.00 29
    2022-10-01 $259,900 (53.0%) $267,766 (32.9%) 0.00 28
    2022-11-01 $247,450 (67.0%) $295,014 (56.0%) 0.00 27
    2022-12-01 $247,500 (59.8%) $303,207 (56.6%) 0.00 22
    2023-01-01 $200,000 (11.2%) $265,360 (41.4%) 0.00 22
    2023-02-01 $205,000 (20.7%) $269,435 (31.3%) 0.00 18
    2023-03-01 $207,400 (32.6%) $277,088 (37.3%) 0.00 15
    2023-04-01 $207,450 (66.1%) $286,561 (73.7%) 0.00 13
    2023-05-01 $206,225 (1.2%) $253,220 (17.3%) 0.00 20
    2023-06-01 $189,925 (-20.5%) $229,736 (-4.9%) 0.00 21
    2023-07-01 $179,900 (-21.8%) $225,915 (-8.0%) 0.00 15
    2023-08-01 $189,950 (-20.2%) $220,685 (-20.2%) 0.00 21
    2023-09-01 $194,450 (-27.0%) $236,824 (-17.2%) 0.00 34
    2023-10-01 $194,950 (-25.0%) $260,669 (-2.7%) 0.00 42
    2023-11-01 $211,175 (-14.7%) $279,947 (-5.1%) 0.00 30
    2023-12-01 $219,900 (-11.2%) $289,490 (-4.5%) 0.00 35
    2024-01-01 $207,425 (3.7%) $281,418 (6.1%) 0.00 33
    2024-02-01 $235,500 (14.9%) $290,174 (7.7%) 0.00 31
    2024-03-01 $224,500 (8.2%) $293,932 (6.1%) 0.00 32
    2024-04-01 $259,150 (24.9%) $310,639 (8.4%) 0.00 25
    2024-05-01 $277,400 (34.5%) $329,435 (30.1%) 0.00 29
    2024-06-01 $274,900 (44.7%) $332,197 (44.6%) 0.00 38
    2024-07-01 $266,175 (48.0%) $308,247 (36.4%) 0.00 45
    2024-08-01 $254,900 (34.2%) $264,727 (20.0%) 0.00 43
    2024-09-01 $226,700 (16.6%) $250,357 (5.7%) 0.00 42
    2024-10-01 $258,025 (32.4%) $264,680 (1.5%) 0.00 50
    2024-11-01 $249,900 (18.3%) $270,922 (-3.2%) 0.00 50
    2024-12-01 $249,925 (13.7%) $275,028 (-5.0%) 0.00 47
    North Vernon's median listing price for 2024-12-01 was $249,925, a difference of $30,025 (13.7%) versus the prior year and $25 versus the prior month.

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

    North Vernon's average listing price for 2024-12-01 was $275,028, a difference of $-14,462 (-5.0%) versus the prior year and $4,106 versus the prior month.

    For the 2024-12-01 period, North Vernon had 47 MLS listings, a difference of -3 listings (-6%) versus the prior month and 12 listings (34%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - North 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 1,873 sqft
    2018-02-01 0 days 1,898 sqft
    2018-03-01 0 days 1,944 sqft
    2018-04-01 0 days 1,752 sqft
    2018-05-01 0 days 1,754 sqft
    2018-06-01 0 days 1,782 sqft
    2018-07-01 0 days 1,852 sqft
    2018-08-01 0 days 1,886 sqft
    2018-09-01 0 days 1,863 sqft
    2018-10-01 0 days 1,770 sqft
    2018-11-01 0 days 1,803 sqft
    2018-12-01 0 days 1,896 sqft
    2019-01-01 0 days 1,957 sqft
    2019-02-01 0 days 1,892 sqft
    2019-03-01 0 days 1,915 sqft
    2019-04-01 0 days 1,941 sqft
    2019-05-01 0 days 1,872 sqft
    2019-06-01 0 days 1,886 sqft
    2019-07-01 0 days 1,924 sqft
    2019-08-01 0 days 1,925 sqft
    2019-09-01 0 days 1,916 sqft
    2019-10-01 0 days 1,904 sqft
    2019-11-01 0 days 1,852 sqft
    2019-12-01 0 days 1,920 sqft
    2020-01-01 0 days 1,845 sqft
    2020-02-01 0 days 1,884 sqft
    2020-03-01 0 days 1,768 sqft
    2020-04-01 0 days 1,732 sqft
    2020-05-01 0 days 1,748 sqft
    2020-06-01 0 days 1,841 sqft
    2020-07-01 0 days 1,991 sqft
    2020-08-01 0 days 1,903 sqft
    2020-09-01 0 days 1,839 sqft
    2020-10-01 0 days 1,840 sqft
    2020-11-01 0 days 1,755 sqft
    2020-12-01 0 days 1,829 sqft
    2021-01-01 0 days 1,998 sqft
    2021-02-01 0 days 1,967 sqft
    2021-03-01 0 days 1,690 sqft
    2021-04-01 0 days 1,736 sqft
    2021-05-01 0 days 1,632 sqft
    2021-06-01 0 days 1,685 sqft
    2021-07-01 0 days 1,900 sqft
    2021-08-01 0 days 1,804 sqft
    2021-09-01 0 days 1,849 sqft
    2021-10-01 0 days 1,702 sqft
    2021-11-01 0 days 1,477 sqft
    2021-12-01 0 days 1,536 sqft
    2022-01-01 0 days 1,548 sqft
    2022-02-01 0 days 1,561 sqft
    2022-03-01 0 days 1,716 sqft
    2022-04-01 0 days 1,554 sqft
    2022-05-01 0 days 1,583 sqft
    2022-06-01 0 days 1,741 sqft
    2022-07-01 0 days 1,676 sqft
    2022-08-01 0 days 1,866 sqft
    2022-09-01 0 days 1,946 sqft
    2022-10-01 0 days 1,833 sqft
    2022-11-01 0 days 1,835 sqft
    2022-12-01 0 days 1,812 sqft
    2023-01-01 0 days 1,583 sqft
    2023-02-01 0 days 1,518 sqft
    2023-03-01 0 days 1,500 sqft
    2023-04-01 0 days 1,628 sqft
    2023-05-01 0 days 1,549 sqft
    2023-06-01 0 days 1,507 sqft
    2023-07-01 0 days 1,506 sqft
    2023-08-01 0 days 1,520 sqft
    2023-09-01 0 days 1,486 sqft
    2023-10-01 0 days 1,496 sqft
    2023-11-01 0 days 1,622 sqft
    2023-12-01 0 days 1,792 sqft
    2024-01-01 0 days 1,897 sqft
    2024-02-01 0 days 2,221 sqft
    2024-03-01 0 days 1,836 sqft
    2024-04-01 0 days 2,093 sqft
    2024-05-01 0 days 2,157 sqft
    2024-06-01 0 days 2,218 sqft
    2024-07-01 0 days 1,753 sqft
    2024-08-01 0 days 1,582 sqft
    2024-09-01 0 days 1,551 sqft
    2024-10-01 0 days 1,586 sqft
    2024-11-01 0 days 1,542 sqft
    2024-12-01 0 days 1,540 sqft
    North Vernon's median listing age (time on market) for 2024-12-01 was 0 days.

    North Vernon's median square footage for active listings during the 2024-12-01 period was 1,540 sqft. One year prior, the average listing was 1,792 sqft.

    North Vernon, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 276 $48,440,000 $175,507
    Other 101 $8,245,000 $81,634
    Cash Out Refi 98 $12,920,000 $131,837
    Refi 88 $12,980,000 $147,500
    Home Improvement 60 $4,090,000 $68,167

    North Vernon's most frequently cited loan purpose was Home Purchase, with 276 originations. The 2nd most popular reason was Other, with 101 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 270 $45,120,000 $167,111
    7-8% 129 $20,165,000 $156,318
    Over 8% 97 $7,495,000 $77,268
    5-6% 89 $11,685,000 $131,292
    <2.5% 28 $1,500,000 $53,571
    4-5% 2 $160,000 $80,000

    During 2024, North Vernon's most frequently originated rate bucket was 6-7%, with 270 originations.

    Loan Sizing (North Vernon, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 248 $13,270,000 $53,508
    $100k-200k 230 $34,000,000 $147,826
    $200k-400k 136 $35,140,000 $258,382
    $400k-600k 9 $4,265,000 $473,889

    North Vernon's loan sizing saw the bucket of loans from $100,000 or less with 248 originations, totaling $13,270,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 214 $44,050,000 $205,841
    20-40% 112 $8,470,000 $75,625
    60-80% 111 $19,205,000 $173,018
    Under 20% 92 $2,910,000 $31,630
    40-60% 72 $8,410,000 $116,806
    Over 100% 6 $1,260,000 $210,000

    North Vernon's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 214 originations, totaling $44,050,000 in origination value.