North Vernon Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in North Vernon averaged
6.7%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.03% and
one month ago for the week of 2025-05-15, the
average rate was 6.9%.
North Vernon's average rate one year ago was 7.24%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.31%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| North Vernon 30 Year Fixed Rate | 2025-06-18 | 6.7% |
| North Vernon 30 Year Fixed Rate Refi | 2025-06-18 | 7.31% |
| North Vernon 15 Year Fixed Rate | 2025-06-18 | 6.06% |
| North Vernon 15 Year Fixed Rate Refi | 2025-06-18 | 5.86% |
| North Vernon 30 Year FHA | 2025-06-18 | 0.1% |
| North Vernon 30 Year FHA Refi | 2025-06-18 | 0.2% |
| North Vernon 30 Year USDA | 2025-06-18 | 0.2% |
| North Vernon 30 Year USDA Refi | 2025-06-18 | 0% |
| North Vernon 30 Year VA | 2025-06-18 | -0.1% |
| North Vernon 30 Year VA Refi | 2025-06-18 | 0.1% |
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.).
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, 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.