North Vernon Mortgage Rates
30 Year Fixed Rate mortgages in North Vernon 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
6.02% and
one month ago for the week of 2022-05-26, the
average rate was 5.51%.
North Vernon's average rate one year ago was 3.48%.
For refis of the same type during the week of 2022-06-30, the average rate
was 5.76%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
North Vernon 30 Year Fixed Rate | 2022-06-30 | 6.01% |
North Vernon 30 Year Fixed Rate Refi | 2022-06-30 | 5.76% |
North Vernon 15 Year Fixed Rate | 2022-06-30 | 4.83% |
North Vernon 15 Year Fixed Rate Refi | 2022-06-30 | 5.38% |
North Vernon 30 Year FHA | 2022-06-30 | 6.24% |
North Vernon 30 Year FHA Refi | 2022-06-30 | 5.98% |
North Vernon 30 Year USDA | 2022-06-30 | 5.8% |
North Vernon 30 Year USDA Refi | 2022-06-30 | 5.41% |
North Vernon 30 Year VA | 2022-06-30 | 5.74% |
North Vernon 30 Year VA Refi | 2022-06-30 | 5.49% |
North Vernon Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the 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.).
North Vernon, IN's 58 lenders originated 945
loans during 2021. The total origination value was $126,255,000, with an average loan value of
$133,603.
The top North Vernon lender as defined by loan originations is Jackson County Bank, with
59 loans originated. Their average total fees are
$2,473, which is $420
lower than the next largest lender,
Centra Credit Union.
The lowest fee North Vernon lenders (with over 10 loans originated) are
RUOFF MORTGAGE COMPANY, INC. ($1,914), First Financial Bank ($2,154), Jackson County Bank ($2,473), German American Bank ($2,700) and Centra Credit Union ($2,893).
The lowest rate North Vernon lenders (with over 10 loans originated) are
Centra Credit Union (3.09%), RUOFF MORTGAGE COMPANY, INC. (3.13%), QUICKEN LOANS, LLC (3.23%), Jackson County Bank (3.25%) and German American Bank (3.35%).
North Vernon, 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 |
---|---|---|---|---|
Jackson County Bank | $21,005,000 | $17,525,000 | -16.6% | 13.9% |
Centra Credit Union | $12,275,000 | $17,370,000 | 41.5% | 13.8% |
First Financial Bank | $8,520,000 | $9,145,000 | 7.3% | 7.2% |
QUICKEN LOANS, LLC | $5,260,000 | $8,655,000 | 64.5% | 6.9% |
Wolfe Financial, Inc | $6,255,000 | $7,880,000 | 26.0% | 6.2% |
German American Bank | $9,975,000 | $6,535,000 | -34.5% | 5.2% |
RUOFF MORTGAGE COMPANY, INC. | $4,565,000 | $5,310,000 | 16.3% | 4.2% |
FREEDOM MORTGAGE CORPORATION | $4,380,000 | $4,970,000 | 13.5% | 3.9% |
Old National Bank | $2,925,000 | $3,890,000 | 33.0% | 3.1% |
PNC Bank | $3,640,000 | $3,325,000 | -8.7% | 2.6% |
GVC MORTGAGE, INC. | $3,490,000 | $2,175,000 | -37.7% | 1.7% |
HALLMARK HOME MORTGAGE, LLC | $1,875,000 | $2,120,000 | 13.1% | 1.7% |
CALIBER HOME LOANS, INC. | $1,110,000 | $1,970,000 | 77.5% | 1.6% |
Farm Credit Mid-America, ACA | $1,950,000 | $1,700,000 | -12.8% | 1.3% |
LOANDEPOT.COM, LLC | $590,000 | $1,615,000 | 173.7% | 1.3% |
Mortgage Research Center, LLC | $310,000 | $1,525,000 | 391.9% | 1.2% |
CROSSCOUNTRY MORTGAGE, LLC | $280,000 | $1,240,000 | 342.9% | 1.0% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $925,000 | $1,115,000 | 20.5% | 0.9% |
NEWREZ LLC | $290,000 | $1,080,000 | 272.4% | 0.9% |
GENEVA FINANCIAL, LLC | $145,000 | $1,000,000 | 589.7% | 0.8% |
JPMorgan Chase Bank | $595,000 | $960,000 | 61.3% | 0.8% |
Fifth Third Bank | $1,435,000 | $955,000 | -33.4% | 0.8% |
AMERISAVE MORTGAGE CORPORATION | $940,000 | n/a | 0.7% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $715,000 | $930,000 | 30.1% | 0.7% |
PENNYMAC LOAN SERVICES, LLC | $210,000 | $910,000 | 333.3% | 0.7% |
Wells Fargo Bank | $390,000 | $895,000 | 129.5% | 0.7% |
The Friendship State Bank | $880,000 | $785,000 | -10.8% | 0.6% |
SUCCESS MORTGAGE PARTNERS, INC. | $1,505,000 | $780,000 | -48.2% | 0.6% |
ROYAL UNITED MORTGAGE LLC | $265,000 | $735,000 | 177.4% | 0.6% |
NAVY FEDERAL CREDIT UNION | $725,000 | n/a | 0.6% | |
DIRECT MORTGAGE LOANS, LLC | $720,000 | n/a | 0.6% | |
AmeriHome Mortgage Company, LLC | $665,000 | n/a | 0.5% | |
BROKER SOLUTIONS, INC. | $250,000 | $665,000 | 166.0% | 0.5% |
HOME POINT FINANCIAL CORPORATION | $270,000 | $615,000 | 127.8% | 0.5% |
Mr. Cooper ( Nationstar Mortgage ) | $905,000 | $615,000 | -32.0% | 0.5% |
21ST MORTGAGE CORPORATION | $240,000 | $545,000 | 127.1% | 0.4% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $535,000 | n/a | 0.4% | |
UNITED WHOLESALE MORTGAGE, LLC | $585,000 | $515,000 | -12.0% | 0.4% |
Citizens Union Bank of Shelbyville | $465,000 | n/a | 0.4% | |
AMERICAN MORTGAGE SERVICE COMPANY | $455,000 | n/a | 0.4% | |
FORUM Credit Union | $85,000 | $450,000 | 429.4% | 0.4% |
Union Savings Bank | $1,240,000 | $445,000 | -64.1% | 0.4% |
Carrington Mortgage Services, LLC | $560,000 | $430,000 | -23.2% | 0.3% |
STEARNS LENDING, LLC | $315,000 | $400,000 | 27.0% | 0.3% |
TEACHERS CREDIT UNION | $240,000 | $380,000 | 58.3% | 0.3% |
LAKEVIEW LOAN SERVICING, LLC | $135,000 | $370,000 | 174.1% | 0.3% |
MID AMERICA MORTGAGE, INC. | $360,000 | n/a | 0.3% | |
First Guaranty Mortgage Corporation | $355,000 | n/a | 0.3% | |
LOANPAL, LLC | $355,000 | n/a | 0.3% | |
PHH Mortgage Corporation | $325,000 | n/a | 0.3% | |
AMERIFIRST FINANCIAL CORPORATION | $515,000 | $320,000 | -37.9% | 0.3% |
SIRVA MORTGAGE, INC. | $315,000 | n/a | 0.2% | |
Magnolia Bank | $310,000 | n/a | 0.2% | |
STAR Financial Bank | $305,000 | n/a | 0.2% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $95,000 | $300,000 | 215.8% | 0.2% |
SOFI LENDING CORP. | $315,000 | $295,000 | -6.3% | 0.2% |
VILLAGE CAPITAL & INVESTMENT LLC | $270,000 | $275,000 | 1.9% | 0.2% |
PLAZA HOME MORTGAGE, INC. | $195,000 | $270,000 | 38.5% | 0.2% |
GUARANTEED RATE, INC. | $245,000 | n/a | 0.2% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $240,000 | n/a | 0.2% | |
Flagstar Bank, FSB | $245,000 | $230,000 | -6.1% | 0.2% |
SUN WEST MORTGAGE COMPANY, INC. | $455,000 | $230,000 | -49.5% | 0.2% |
Bank of America | $215,000 | n/a | 0.2% | |
Third Federal Savings and Loan Association of Cleveland | $215,000 | n/a | 0.2% | |
BAY EQUITY LLC | $195,000 | n/a | 0.2% | |
INOVA FEDERAL CREDIT UNION | $195,000 | n/a | 0.2% | |
Nations Lending Corporation | $210,000 | $190,000 | -9.5% | 0.2% |
Century Mortgage Company DBA Century Lending Company | $185,000 | n/a | 0.1% | |
FirstBank | $165,000 | n/a | 0.1% | |
The Farmers Bank of Milton | $135,000 | $165,000 | 22.2% | 0.1% |
The Home Loan Expert LLC | $165,000 | n/a | 0.1% | |
USAA Federal Savings Bank | $260,000 | $165,000 | -36.5% | 0.1% |
Colten Mortgage, LLC | $155,000 | n/a | 0.1% | |
First Option Mortgage, LLC | $105,000 | $155,000 | 47.6% | 0.1% |
NATIONS RELIABLE LENDING, LLC | $145,000 | n/a | 0.1% | |
PLANET HOME LENDING, LLC | $525,000 | $145,000 | -72.4% | 0.1% |
Bank of England | $135,000 | $135,000 | 0.0% | 0.1% |
InterContinental Capital Group, Inc | $645,000 | $135,000 | -79.1% | 0.1% |
CIBM Bank | $235,000 | $130,000 | -44.7% | 0.1% |
First Harrison Bank | $130,000 | n/a | 0.1% | |
Citizens Bank | $125,000 | n/a | 0.1% | |
Citizens Bank | $115,000 | n/a | 0.1% | |
Northpointe Bank | $115,000 | n/a | 0.1% | |
TOWNE MORTGAGE COMPANY | $115,000 | n/a | 0.1% | |
Horizon Bank | $110,000 | n/a | 0.1% | |
Ally Bank | $95,000 | n/a | 0.1% | |
ACADEMY MORTGAGE CORPORATION | $85,000 | n/a | 0.1% | |
JLB CORPORATION | $85,000 | n/a | 0.1% | |
NEW DAY FINANCIAL, LLC | $250,000 | $85,000 | -66.0% | 0.1% |
U.S. Bank | $85,000 | n/a | 0.1% | |
CRANE | $75,000 | n/a | 0.1% | |
BMO Harris Bank | $65,000 | n/a | 0.1% | |
AMERICAN FINANCING CORPORATION | $95,000 | $55,000 | -42.1% | 0.0% |
Barrington Bank & Trust Company, N.A. | $55,000 | n/a | 0.0% | |
CHURCHILL MORTGAGE CORPORATION | $55,000 | n/a | 0.0% | |
Elements Financial Federal Credit Union | $235,000 | $55,000 | -76.6% | 0.0% |
Republic Bank & Trust Company | $55,000 | n/a | 0.0% | |
EVANSVILLE TEACHERS | $45,000 | n/a | 0.0% | |
Figure Lending LLC | $85,000 | $35,000 | -58.8% | 0.0% |
North Vernon's top lender by overall market share is Jackson County Bank, with 13.9% market share. In second place, with 13.8%, is Centra Credit Union, having originated $17,370,000 in loans. In third place, with 7.2%, is First Financial Bank, having originated $9,145,000 in loans. In third place, with 6.9%, is QUICKEN LOANS, LLC, having originated $8,655,000 in loans. In third place, with 6.2%, is Wolfe Financial, Inc, having originated $7,880,000 in loans.
North Vernon, IN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 317 | $53,695,000 | $169,385 |
Refi | 307 | $38,225,000 | $124,511 |
Cash Out Refi | 206 | $26,930,000 | $130,728 |
Home Improvement | 60 | $3,220,000 | $53,667 |
Other | 55 | $4,185,000 | $76,091 |
North Vernon's most frequently cited loan purpose was Home Purchase, with 317 originations. The 2nd most popular reason was Refi, with 307 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 368 | $55,470,000 | $150,734 |
2.5-3% | 251 | $36,095,000 | $143,805 |
<2.5% | 242 | $25,850,000 | $106,818 |
4-5% | 50 | $6,620,000 | $132,400 |
5-6% | 19 | $1,035,000 | $54,474 |
6-7% | 6 | $380,000 | $63,333 |
Over 8% | 4 | $350,000 | $87,500 |
7-8% | 2 | $170,000 | $85,000 |
During 2021, North Vernon's most frequently originated rate bucket was 3-4%, with 368 originations.
Loan Sizing (North Vernon, IN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 456 | $64,900,000 | $142,325 |
$100,000 or less | 345 | $22,125,000 | $64,130 |
$200k-400k | 138 | $35,750,000 | $259,058 |
$400k-600k | 4 | $1,810,000 | $452,500 |
$600k-1000k | 2 | $1,670,000 | $835,000 |
North Vernon's loan sizing saw the bucket of loans from $100k-200k with 456 originations, totaling $64,900,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 321 | $53,695,000 | $167,274 |
60-80% | 275 | $41,215,000 | $149,873 |
40-60% | 146 | $15,890,000 | $108,836 |
20-40% | 98 | $6,970,000 | $71,122 |
Under 20% | 61 | $1,905,000 | $31,230 |
Over 100% | 2 | $350,000 | $175,000 |
North Vernon's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 321 originations, totaling $53,695,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - North Vernon (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $99,250 (-0.2%) | $121,074 (-11.8%) | 0.00 | 38 |
2018-02-01 | $99,950 (11.1%) | $127,126 (-2.3%) | 0.00 | 36 |
2018-03-01 | $109,900 (27.1%) | $129,812 (3.8%) | 0.00 | 37 |
2018-04-01 | $104,550 (22.3%) | $124,789 (-3.6%) | 0.00 | 33 |
2018-05-01 | $119,950 (42.0%) | $136,278 (6.8%) | 0.00 | 43 |
2018-06-01 | $129,900 (46.0%) | $142,824 (5.0%) | 0.00 | 43 |
2018-07-01 | $114,500 (20.7%) | $137,484 (4.1%) | 0.00 | 39 |
2018-08-01 | $122,200 (24.4%) | $141,812 (5.2%) | 0.00 | 45 |
2018-09-01 | $119,900 (23.0%) | $137,393 (3.2%) | 0.00 | 50 |
2018-10-01 | $119,750 (22.0%) | $149,297 (19.4%) | 0.00 | 49 |
2018-11-01 | $125,000 (33.1%) | $153,435 (25.4%) | 0.00 | 42 |
2018-12-01 | $149,500 (51.1%) | $157,258 (21.4%) | 0.00 | 35 |
2019-01-01 | $139,900 (41.0%) | $164,664 (36.0%) | 0.00 | 32 |
2019-02-01 | $144,450 (44.5%) | $176,972 (39.2%) | 0.00 | 30 |
2019-03-01 | $133,514 (21.5%) | $174,901 (34.7%) | 0.00 | 32 |
2019-04-01 | $133,514 (27.7%) | $167,738 (34.4%) | 0.00 | 39 |
2019-05-01 | $147,450 (22.9%) | $161,416 (18.5%) | 0.00 | 42 |
2019-06-01 | $159,000 (22.4%) | $158,133 (10.7%) | 0.00 | 44 |
2019-07-01 | $164,250 (43.5%) | $169,538 (23.3%) | 0.00 | 43 |
2019-08-01 | $160,671 (31.5%) | $173,627 (22.4%) | 0.00 | 56 |
2019-09-01 | $142,900 (19.2%) | $164,916 (20.0%) | 0.00 | 69 |
2019-10-01 | $141,350 (18.0%) | $167,808 (12.4%) | 0.00 | 60 |
2019-11-01 | $159,000 (27.2%) | $176,789 (15.2%) | 0.00 | 44 |
2019-12-01 | $161,450 (8.0%) | $179,777 (14.3%) | 0.00 | 43 |
2020-01-01 | $139,900 (0.0%) | $172,766 (4.9%) | 0.00 | 36 |
2020-02-01 | $162,000 (12.2%) | $181,297 (2.4%) | 0.00 | 32 |
2020-03-01 | $125,000 (-6.4%) | $162,867 (-6.9%) | 0.00 | 30 |
2020-04-01 | $137,400 (2.9%) | $163,697 (-2.4%) | 0.00 | 28 |
2020-05-01 | $129,900 (-11.9%) | $179,582 (11.3%) | 0.00 | 23 |
2020-06-01 | $132,400 (-16.7%) | $184,442 (16.6%) | 0.00 | 23 |
2020-07-01 | $166,400 (1.3%) | $260,461 (53.6%) | 0.00 | 21 |
2020-08-01 | $169,000 (5.2%) | $264,241 (52.2%) | 0.00 | 23 |
2020-09-01 | $177,400 (24.1%) | $267,534 (62.2%) | 0.00 | 27 |
2020-10-01 | $199,900 (41.4%) | $248,640 (48.2%) | 0.00 | 29 |
2020-11-01 | $192,450 (21.0%) | $193,437 (9.4%) | 0.00 | 28 |
2020-12-01 | $178,500 (10.6%) | $185,597 (3.2%) | 0.00 | 25 |
2021-01-01 | $169,000 (20.8%) | $184,389 (6.7%) | 0.00 | 24 |
2021-02-01 | $129,900 (-19.8%) | $167,961 (-7.4%) | 0.00 | 19 |
2021-03-01 | $174,450 (39.6%) | $178,909 (9.9%) | 0.00 | 16 |
2021-04-01 | $132,300 (-3.7%) | $157,891 (-3.6%) | 0.00 | 15 |
2021-05-01 | $127,500 (-1.9%) | $163,013 (-9.2%) | 0.00 | 14 |
2021-06-01 | $144,500 (9.1%) | $182,995 (-0.8%) | 0.00 | 15 |
2021-07-01 | $149,900 (-9.9%) | $200,304 (-23.1%) | 0.00 | 15 |
2021-08-01 | $187,450 (10.9%) | $234,602 (-11.2%) | 0.00 | 21 |
2021-09-01 | $179,900 (1.4%) | $221,775 (-17.1%) | 0.00 | 27 |
2021-10-01 | $189,900 (-5.0%) | $214,840 (-13.6%) | 0.00 | 28 |
2021-11-01 | $152,450 (-20.8%) | $206,189 (6.6%) | 0.00 | 29 |
2021-12-01 | $171,450 (-4.0%) | $216,513 (16.7%) | 0.00 | 26 |
2022-01-01 | $185,000 (9.5%) | $206,411 (11.9%) | 0.00 | 23 |
2022-02-01 | $169,900 (30.8%) | $208,636 (24.2%) | 0.00 | 17 |
2022-03-01 | $174,950 (0.3%) | $221,826 (24.0%) | 0.00 | 13 |
2022-04-01 | $139,000 (5.1%) | $183,881 (16.5%) | 0.00 | 13 |
2022-05-01 | $229,900 (80.3%) | $225,100 (38.1%) | 0.00 | 15 |
2022-06-01 | $241,400 (67.1%) | $256,410 (40.1%) | 0.00 | 21 |
North Vernon's median listing price comes in at 0% of the national average.
North Vernon's average listing price for 2022-06-01 was $256,410, a difference of $73,415 (40.1%) versus the prior year and $31,310 versus the prior month.
For the 2022-06-01 period, North Vernon had 21 MLS listings, a difference of 6 listings (40%) versus the prior month and 6 listings (40%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - North Vernon (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,908 sqft |
2018-02-01 | 0 days | 1,909 sqft |
2018-03-01 | 0 days | 1,956 sqft |
2018-04-01 | 0 days | 1,860 sqft |
2018-05-01 | 0 days | 1,792 sqft |
2018-06-01 | 0 days | 1,914 sqft |
2018-07-01 | 0 days | 1,854 sqft |
2018-08-01 | 0 days | 1,935 sqft |
2018-09-01 | 0 days | 1,800 sqft |
2018-10-01 | 0 days | 1,889 sqft |
2018-11-01 | 0 days | 1,863 sqft |
2018-12-01 | 0 days | 1,920 sqft |
2019-01-01 | 0 days | 2,074 sqft |
2019-02-01 | 0 days | 2,097 sqft |
2019-03-01 | 0 days | 2,042 sqft |
2019-04-01 | 0 days | 1,957 sqft |
2019-05-01 | 0 days | 1,892 sqft |
2019-06-01 | 0 days | 1,900 sqft |
2019-07-01 | 0 days | 1,928 sqft |
2019-08-01 | 0 days | 1,937 sqft |
2019-09-01 | 0 days | 1,920 sqft |
2019-10-01 | 0 days | 1,909 sqft |
2019-11-01 | 0 days | 1,898 sqft |
2019-12-01 | 0 days | 1,943 sqft |
2020-01-01 | 0 days | 1,828 sqft |
2020-02-01 | 0 days | 1,920 sqft |
2020-03-01 | 0 days | 1,704 sqft |
2020-04-01 | 0 days | 1,740 sqft |
2020-05-01 | 0 days | 1,728 sqft |
2020-06-01 | 0 days | 1,856 sqft |
2020-07-01 | 0 days | 1,991 sqft |
2020-08-01 | 0 days | 1,903 sqft |
2020-09-01 | 0 days | 1,840 sqft |
2020-10-01 | 0 days | 1,776 sqft |
2020-11-01 | 0 days | 1,755 sqft |
2020-12-01 | 0 days | 1,829 sqft |
2021-01-01 | 0 days | 2,005 sqft |
2021-02-01 | 0 days | 2,018 sqft |
2021-03-01 | 0 days | 1,675 sqft |
2021-04-01 | 0 days | 1,643 sqft |
2021-05-01 | 0 days | 1,594 sqft |
2021-06-01 | 0 days | 1,672 sqft |
2021-07-01 | 0 days | 1,788 sqft |
2021-08-01 | 0 days | 1,775 sqft |
2021-09-01 | 0 days | 1,838 sqft |
2021-10-01 | 0 days | 1,708 sqft |
2021-11-01 | 0 days | 1,516 sqft |
2021-12-01 | 0 days | 1,539 sqft |
2022-01-01 | 0 days | 1,575 sqft |
2022-02-01 | 0 days | 1,563 sqft |
2022-03-01 | 0 days | 1,721 sqft |
2022-04-01 | 0 days | 1,575 sqft |
2022-05-01 | 0 days | 1,866 sqft |
2022-06-01 | 0 days | 1,838 sqft |
North Vernon's median square footage for active listings during the 2022-06-01 period was 1,838 sqft. One year prior, the average listing was 1,672 sqft.