North Vernon Mortgage Rates & Closing Costs

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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 6.29% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

    The average rate for the prior week (2023-05-18) was 6.51% and one month ago for the week of 2023-04-20, the average rate was 6.11%.

    North Vernon's average rate one year ago was 5.07%.

    For refis of the same type during the week of 2023-05-25, the average rate was 6.47%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-05-25 6.57%
    North Vernon 30 Year Fixed Rate 2023-05-25 6.29%
    North Vernon 30 Year Fixed Rate Refi 2023-05-25 6.47%
    North Vernon 15 Year Fixed Rate 2023-05-25 5.87%
    North Vernon 15 Year Fixed Rate Refi 2023-05-25 6.37%
    North Vernon 30 Year FHA 2023-05-25 6.81%
    North Vernon 30 Year FHA Refi 2023-05-25 6.51%
    North Vernon 30 Year USDA 2023-05-25 6.43%
    North Vernon 30 Year USDA Refi 2023-05-25 6.63%
    North Vernon 30 Year VA 2023-05-25 6.31%
    North Vernon 30 Year VA Refi 2023-05-25 6.21%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Centra Credit Union 55 4.64% $2,614
    Jackson County Bank 29 5.39% $2,460
    First Financial Bank 14 5.55% $2,368
    QUICKEN LOANS, LLC 11 5.01% $5,929
    RUOFF MORTGAGE COMPANY, INC. 10 5.99% $1,323
    German American Bank 8 4.50% $2,443
    DIRECT MORTGAGE LOANS, LLC 6 5.75% $6,131
    GVC MORTGAGE, INC. 6 5.42% $4,646
    Wolfe Financial, Inc 5 5.08% $3,001
    Old National Bank 5 4.68% $1,733
    HALLMARK HOME MORTGAGE, LLC 3 5.25% $6,043
    FREEDOM MORTGAGE CORPORATION 3 4.83% $4,327
    CROSSCOUNTRY MORTGAGE, LLC 3 6.67% $5,151
    The Huntington National Bank 3 4.50% $4,381
    Union Savings Bank 3 3.33% $474
    Mr. Cooper ( Nationstar Mortgage ) 2 4.56% $5,329
    UNION HOME MORTGAGE CORP. 2 5.38% $3,803
    LOANDEPOT.COM, LLC 2 6.18% $3,550
    AMERISAVE MORTGAGE CORPORATION 2 3.44% $3,396
    CALIBER HOME LOANS, INC. 2 5.69% $2,904
    Fifth Third Bank 2 6.13% $4,114
    SIRVA MORTGAGE, INC. 1 5.50% $973
    The Friendship State Bank 1 3.25% $3,050
    U.S. Bank 1 5.13% $557
    Wells Fargo Bank 1 3.75% $2,831
    NAVY FEDERAL CREDIT UNION 1 6.13% $1,412
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.63% $2,502
    BETTER MORTGAGE CORPORATION 1 3.63% $3,997
    Carrington Mortgage Services, LLC 1 5.63% $5,706
    FAIR WAY LENDING LLC 1 5.63% $2,296
    First Farmers Bank and Trust Company 1 5.25% $2,385
    First Harrison Bank 1 3.99% $2,100
    FORUM Credit Union 1 3.88% $3,309
    INTERLINC MORTGAGE SERVICES, LLC 1 3.38% $3,070
    JPMorgan Chase Bank 1 5.38% $2,614
    KeyBank 1 5.74% $3,465
    LAKEVIEW LOAN SERVICING, LLC 1 4.25% $1,593
    LEADERONE FINANCIAL CORPORATION 1 5.99% $3,372
    Magnolia Bank 1 4.63% $4,389
    AMERICAN FINANCING CORPORATION 1 4.75% $5,280
    Northpointe Bank 1 5.99% $4,963
    Paramount Residential Mortgage Group, Inc. 1 3.50% $2,719
    PENNYMAC LOAN SERVICES, LLC 1 5.62% $2,867
    PNC Bank 1 3.63% $3,024
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.75% $4,742
    ROYAL UNITED MORTGAGE LLC 1 6.13% $6,077

    North Vernon Average Closing Costs & Other Stats

    North Vernon, IN's 46 lenders originated 649 loans during 2022. The total origination value was $85,985,000, with an average loan value of $132,488.

    North Vernon's average closing costs are $3,714.

    The top North Vernon lender as defined by loan originations is Centra Credit Union, with 55 loans originated. Their average total fees are $2,614, which is $154 higher than the next largest lender, Jackson County Bank.

    The lowest fee North Vernon lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($1,323), First Financial Bank ($2,368), Jackson County Bank ($2,460), Centra Credit Union ($2,614) and QUICKEN LOANS, LLC ($5,929).

    The lowest rate North Vernon lenders (with over 10 loans originated) are Centra Credit Union (4.64%), QUICKEN LOANS, LLC (5.01%), Jackson County Bank (5.39%), First Financial Bank (5.55%) and RUOFF MORTGAGE COMPANY, INC. (5.99%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Centra Credit Union $17,370,000 $15,345,000 -11.7% 17.8%
    Jackson County Bank $17,525,000 $8,260,000 -52.9% 9.6%
    First Financial Bank $9,145,000 $6,230,000 -31.9% 7.2%
    QUICKEN LOANS, LLC $8,655,000 $5,530,000 -36.1% 6.4%
    RUOFF MORTGAGE COMPANY, INC. $5,310,000 $4,175,000 -21.4% 4.9%
    German American Bank $6,535,000 $3,490,000 -46.6% 4.1%
    Wolfe Financial, Inc $7,880,000 $3,240,000 -58.9% 3.8%
    GVC MORTGAGE, INC. $2,175,000 $2,755,000 26.7% 3.2%
    Old National Bank $3,890,000 $2,600,000 -33.2% 3.0%
    PNC Bank $3,325,000 $2,515,000 -24.4% 2.9%
    First Merchants Bank $2,275,000 n/a 2.6%
    DIRECT MORTGAGE LOANS, LLC $720,000 $2,100,000 191.7% 2.4%
    HALLMARK HOME MORTGAGE, LLC $2,120,000 $1,695,000 -20.0% 2.0%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $930,000 $1,060,000 14.0% 1.2%
    UNITED WHOLESALE MORTGAGE, LLC $515,000 $1,045,000 102.9% 1.2%
    FREEDOM MORTGAGE CORPORATION $4,970,000 $915,000 -81.6% 1.1%
    Mortgage Research Center, LLC $1,525,000 $890,000 -41.6% 1.0%
    Mr. Cooper ( Nationstar Mortgage ) $615,000 $835,000 35.8% 1.0%
    AMERISAVE MORTGAGE CORPORATION $940,000 $720,000 -23.4% 0.8%
    LOANDEPOT.COM, LLC $1,615,000 $635,000 -60.7% 0.7%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $620,000 n/a 0.7%
    CROSSCOUNTRY MORTGAGE, LLC $1,240,000 $595,000 -52.0% 0.7%
    The Huntington National Bank $580,000 n/a 0.7%
    Flagstar Bank, FSB $230,000 $570,000 147.8% 0.7%
    Fifth Third Bank $955,000 $565,000 -40.8% 0.7%
    The Friendship State Bank $785,000 $565,000 -28.0% 0.7%
    U.S. Bank $85,000 $565,000 564.7% 0.7%
    CALIBER HOME LOANS, INC. $1,970,000 $530,000 -73.1% 0.6%
    PENNYMAC LOAN SERVICES, LLC $910,000 $510,000 -44.0% 0.6%
    VILLAGE CAPITAL MORTGAGE $275,000 $485,000 76.4% 0.6%
    Union Savings Bank $445,000 $470,000 5.6% 0.5%
    First Farmers Bank and Trust Company $465,000 n/a 0.5%
    LEADERONE FINANCIAL CORPORATION $465,000 n/a 0.5%
    NAVY FEDERAL CREDIT UNION $725,000 $445,000 -38.6% 0.5%
    UNION HOME MORTGAGE CORP. $440,000 n/a 0.5%
    FORUM Credit Union $450,000 $405,000 -10.0% 0.5%
    MID AMERICA MORTGAGE, INC. $360,000 $380,000 5.6% 0.4%
    First Federal Savings and Loan Association of Greensburg $365,000 n/a 0.4%
    KeyBank $365,000 n/a 0.4%
    HONDA Federal Credit Union $355,000 n/a 0.4%
    PLAZA HOME MORTGAGE, INC. $270,000 $345,000 27.8% 0.4%
    Carrington Mortgage Services, LLC $430,000 $315,000 -26.7% 0.4%
    First Federal Bank of the Midwest $310,000 n/a 0.4%
    The Farmers Bank of Milton $165,000 $310,000 87.9% 0.4%
    Wells Fargo Bank $895,000 $310,000 -65.4% 0.4%
    21ST MORTGAGE CORPORATION $545,000 $300,000 -45.0% 0.3%
    HOME POINT FINANCIAL CORPORATION $615,000 $300,000 -51.2% 0.3%
    JPMorgan Chase Bank $960,000 $300,000 -68.8% 0.3%
    Nations Lending Corporation $190,000 $295,000 55.3% 0.3%
    Prosperity Home Mortgage, LLC $295,000 n/a 0.3%
    BROKER SOLUTIONS, INC. $665,000 $290,000 -56.4% 0.3%
    JLB CORPORATION $85,000 $270,000 217.6% 0.3%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $250,000 n/a 0.3%
    Barrington Bank & Trust Company, N.A. $55,000 $245,000 345.5% 0.3%
    Paramount Residential Mortgage Group, Inc. $245,000 n/a 0.3%
    BAYSHORE MORTGAGE FUNDING, LLC $230,000 n/a 0.3%
    ROYAL UNITED MORTGAGE LLC $735,000 $225,000 -69.4% 0.3%
    FAIR WAY LENDING LLC $215,000 n/a 0.3%
    NEWREZ LLC $1,080,000 $210,000 -80.6% 0.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $240,000 $205,000 -14.6% 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $1,115,000 $200,000 -82.1% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $370,000 $190,000 -48.6% 0.2%
    AMERICAN FINANCING CORPORATION $55,000 $185,000 236.4% 0.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $535,000 $185,000 -65.4% 0.2%
    The Federal Savings Bank $185,000 n/a 0.2%
    Advisors Mortgage Group, L.L.C. $175,000 n/a 0.2%
    SIRVA MORTGAGE, INC. $315,000 $165,000 -47.6% 0.2%
    Northpointe Bank $115,000 $160,000 39.1% 0.2%
    RELIANCE FIRST CAPITAL, LLC $155,000 n/a 0.2%
    LOANPAL, LLC $355,000 $145,000 -59.2% 0.2%
    PLANET HOME LENDING, LLC $145,000 $145,000 0.0% 0.2%
    SUCCESS MORTGAGE PARTNERS, INC. $780,000 $145,000 -81.4% 0.2%
    SUN WEST MORTGAGE COMPANY, INC. $230,000 $145,000 -37.0% 0.2%
    BETTER MORTGAGE CORPORATION $135,000 n/a 0.2%
    STOCKTON MORTGAGE CORPORATION $135,000 n/a 0.2%
    Horizon Bank $110,000 $125,000 13.6% 0.1%
    North American Savings Bank, F.S.B. $125,000 n/a 0.1%
    SPRING EQ, LLC $120,000 n/a 0.1%
    TRIAD FINANCIAL SERVICES, INC. $120,000 n/a 0.1%
    MIDLAND MORTGAGE CORPORATION $115,000 n/a 0.1%
    PHH Mortgage Corporation $325,000 $115,000 -64.6% 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $105,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $300,000 $105,000 -65.0% 0.1%
    Elements Financial Federal Credit Union $55,000 $85,000 54.5% 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $85,000 n/a 0.1%
    INTERLINC MORTGAGE SERVICES, LLC $85,000 n/a 0.1%
    Magnolia Bank $310,000 $85,000 -72.6% 0.1%
    SOUTHWEST STAGE FUNDING, LLC $85,000 n/a 0.1%
    M&T Bank $75,000 n/a 0.1%
    Bedford Loan & Deposit Bank $65,000 n/a 0.1%
    First Harrison Bank $130,000 $45,000 -65.4% 0.1%
    Owen County State Bank $45,000 n/a 0.1%
    TEACHERS CREDIT UNION $380,000 $35,000 -90.8% 0.0%
    The Farmers & Merchants State Bank $35,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $25,000 n/a 0.0%

    North Vernon's top lender by overall market share is Centra Credit Union, with 17.8% market share. In second place, with 9.6%, is Jackson County Bank, having originated $8,260,000 in loans. In third place, with 7.2%, is First Financial Bank, having originated $6,230,000 in loans. In fourth place, with 6.4%, is QUICKEN LOANS, LLC, having originated $5,530,000 in loans. In fifth place, with 4.9%, is RUOFF MORTGAGE COMPANY, INC., having originated $4,175,000 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%) $147,376 (19.9%) 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 $108,950 (27.8%) $153,637 (25.3%) 0.00 35
    2019-04-01 $130,975 (26.6%) $161,188 (26.5%) 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 $169,500 (32.7%) $172,953 (27.1%) 0.00 55
    2019-09-01 $141,400 (14.4%) $163,613 (11.9%) 0.00 70
    2019-10-01 $135,375 (8.9%) $165,891 (12.6%) 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 (4.6%) 0.00 34
    2020-04-01 $133,650 (0.9%) $167,374 (3.8%) 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 (48.6%) 0.00 24
    2020-09-01 $171,425 (20.2%) $258,183 (57.8%) 0.00 28
    2020-10-01 $194,900 (45.2%) $251,651 (51.7%) 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 $205,000 (0.0%) $278,153 (68.6%) 0.00 13
    North Vernon's median listing price for 2023-04-01 was $205,000, a difference of $80,100 (0.0%) versus the prior year and $-2,400 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 2023-04-01 was $278,153, a difference of $113,136 (68.6%) versus the prior year and $1,065 versus the prior month.

    For the 2023-04-01 period, North Vernon had 13 MLS listings, a difference of -2 listings (-13%) versus the prior month and 0 listings (0%) 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 1,780 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 1,975 sqft
    2019-03-01 0 days 1,868 sqft
    2019-04-01 0 days 1,939 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 1,936 sqft
    2019-09-01 0 days 1,920 sqft
    2019-10-01 0 days 1,898 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 1,690 sqft
    North Vernon's median listing age (time on market) for 2023-04-01 was 0 days.

    North Vernon's median square footage for active listings during the 2023-04-01 period was 1,690 sqft. One year prior, the average listing was 1,554 sqft.

    North Vernon, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 259 $44,255,000 $170,869
    Cash Out Refi 156 $21,910,000 $140,449
    Refi 104 $11,900,000 $114,423
    Other 70 $4,450,000 $63,571
    Home Improvement 60 $3,470,000 $57,833

    North Vernon's most frequently cited loan purpose was Home Purchase, with 259 originations. The 2nd most popular reason was Cash Out Refi, with 156 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 149 $22,385,000 $150,235
    3-4% 131 $21,755,000 $166,069
    4-5% 114 $16,610,000 $145,702
    <2.5% 86 $5,920,000 $68,837
    6-7% 75 $9,645,000 $128,600
    2.5-3% 48 $4,540,000 $94,583
    7-8% 29 $3,985,000 $137,414
    Over 8% 8 $340,000 $42,500

    During 2022, North Vernon's most frequently originated rate bucket was 5-6%, with 149 originations.

    Loan Sizing (North Vernon, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 268 $38,330,000 $143,022
    $100,000 or less 267 $14,725,000 $55,150
    $200k-400k 107 $28,085,000 $262,477
    $400k-600k 6 $2,570,000 $428,333
    $Over $1MM 1 $2,275,000 $2,275,000

    North Vernon's loan sizing saw the bucket of loans from $100k-200k with 268 originations, totaling $38,330,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 214 $39,130,000 $182,850
    60-80% 147 $24,075,000 $163,776
    20-40% 105 $6,955,000 $66,238
    40-60% 89 $10,945,000 $122,978
    Under 20% 81 $2,605,000 $32,160
    Over 100% 4 $1,010,000 $252,500

    North Vernon's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 214 originations, totaling $39,130,000 in origination value.