North Vernon Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in North Vernon averaged 7.01% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.79% and one month ago for the week of 2024-03-14, the average rate was 6.85%.

    North Vernon's average rate one year ago was 6.58%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.3%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    North Vernon 30 Year Fixed Rate 2024-04-18 7.01%
    North Vernon 30 Year Fixed Rate Refi 2024-04-18 7.3%
    North Vernon 15 Year Fixed Rate 2024-04-18 6.39%
    North Vernon 15 Year Fixed Rate Refi 2024-04-18 6.89%
    North Vernon 30 Year FHA 2024-04-18 6.86%
    North Vernon 30 Year FHA Refi 2024-04-18 7.16%
    North Vernon 30 Year USDA 2024-04-18 6.96%
    North Vernon 30 Year USDA Refi 2024-04-18 6.76%
    North Vernon 30 Year VA 2024-04-18 6.66%
    North Vernon 30 Year VA Refi 2024-04-18 6.66%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Centra Credit Union 39 6.58% $2,753
    Jackson County Bank 30 6.40% $3,725
    GVC MORTGAGE, INC. 16 7.23% $4,459
    First Financial Bank 13 7.16% $2,710
    German American Bank 8 6.64% $2,322
    QUICKEN LOANS, LLC 7 7.09% $5,074
    DIRECT MORTGAGE LOANS, LLC 5 6.80% $6,546
    RUOFF MORTGAGE COMPANY, INC. 4 6.78% $4,630
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.15% $3,641
    Farm Credit Mid-America, ACA 4 7.16% $5,305
    FIRST COMMUNITY MORTGAGE, INC. 4 7.56% $4,487
    NEWREZ LLC 3 7.33% $3,871
    HALLMARK HOME MORTGAGE, LLC 3 7.21% $4,663
    Union Savings Bank 3 6.67% $1,725
    Wolfe Financial, Inc 3 6.88% $4,101
    PNC Bank 2 7.63% $3,534
    Old National Bank 2 6.94% $1,322
    The Friendship State Bank 2 7.25% $2,005
    The Farmers & Merchants State Bank 1 6.63% $5,024
    The Huntington National Bank 1 7.88% $12,436
    UNION HOME MORTGAGE CORP. 1 7.38% $4,455
    UNITED WHOLESALE MORTGAGE, LLC 1 7.25% $4,022
    U.S. Bank 1 7.88% $2,621
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.25% $6,150
    Wells Fargo Bank 1 7.25% $5,854
    LOANPAL, LLC 1 6.99% $4,629
    AMERISAVE MORTGAGE CORPORATION 1 6.50% $8,629
    BOONVILLE FEDERAL SAVINGS BANK 1 7.33% $2,668
    BROKER SOLUTIONS, INC. 1 8.63% $3,589
    CMG MORTGAGE, INC. 1 7.75% $5,319
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 7.00% $3,030
    Discover Bank 1 7.24% $0
    FAIR WAY LENDING LLC 1 7.13% $4,162
    First Option Mortgage, LLC 1 7.25% $6,744
    First Savings Bank 1 6.88% $2,765
    FORUM Credit Union 1 7.00% $1,826
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 8.13% $3,382
    MJW Financial LLC 1 8.13% $3,033
    Mr. Cooper ( Nationstar Mortgage ) 1 7.38% $8,356
    Nations Lending Corporation 1 7.38% $3,318
    Prosperity Home Mortgage, LLC 1 7.50% $2,317
    ROYAL UNITED MORTGAGE LLC 1 7.13% $7,377
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.38% $5,453

    North Vernon Average Closing Costs & Other Stats

    North Vernon, IN's 43 lenders originated 570 loans during 2023. The total origination value was $79,180,000, with an average loan value of $138,912.

    North Vernon's average closing costs are $3,925.

    The top North Vernon lender as defined by loan originations is Centra Credit Union, with 39 loans originated. Their average total fees are $2,753, which is $972 lower than the next largest lender, Jackson County Bank.

    The lowest fee North Vernon lenders (with over 10 loans originated) are First Financial Bank ($2,710), Centra Credit Union ($2,753), Jackson County Bank ($3,725), GVC MORTGAGE, INC. ($4,459) and .

    The lowest rate North Vernon lenders (with over 10 loans originated) are Jackson County Bank (6.40%), Centra Credit Union (6.58%), First Financial Bank (7.16%), GVC MORTGAGE, INC. (7.23%) and .

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Centra Credit Union $15,345,000 $13,800,000 -10.1% 17.4%
    Jackson County Bank $8,260,000 $8,765,000 6.1% 11.1%
    First Financial Bank $6,230,000 $8,275,000 32.8% 10.5%
    GVC MORTGAGE, INC. $2,755,000 $5,665,000 105.6% 7.2%
    German American Bank $3,490,000 $4,835,000 38.5% 6.1%
    QUICKEN LOANS, LLC $5,530,000 $3,095,000 -44.0% 3.9%
    DIRECT MORTGAGE LOANS, LLC $2,100,000 $2,835,000 35.0% 3.6%
    Wolfe Financial, Inc $3,240,000 $2,790,000 -13.9% 3.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,060,000 $1,795,000 69.3% 2.3%
    Old National Bank $2,600,000 $1,495,000 -42.5% 1.9%
    Farm Credit Mid-America, ACA $1,490,000 n/a 1.9%
    RUOFF MORTGAGE COMPANY, INC. $4,175,000 $1,455,000 -65.1% 1.8%
    PNC Bank $2,515,000 $1,140,000 -54.7% 1.4%
    Regions Bank $1,075,000 n/a 1.4%
    HALLMARK HOME MORTGAGE, LLC $1,695,000 $955,000 -43.7% 1.2%
    TEACHERS CREDIT UNION $35,000 $785,000 2,142.9% 1.0%
    Mortgage Research Center, LLC $890,000 $780,000 -12.4% 1.0%
    UNITED WHOLESALE MORTGAGE, LLC $1,045,000 $770,000 -26.3% 1.0%
    LOANDEPOT.COM, LLC $635,000 $705,000 11.0% 0.9%
    NEWREZ LLC $210,000 $680,000 223.8% 0.9%
    21ST MORTGAGE CORPORATION $300,000 $670,000 123.3% 0.8%
    FIRST COMMUNITY MORTGAGE, INC. $85,000 $650,000 664.7% 0.8%
    Mr. Cooper ( Nationstar Mortgage ) $835,000 $645,000 -22.8% 0.8%
    Nations Lending Corporation $295,000 $640,000 116.9% 0.8%
    The Friendship State Bank $565,000 $570,000 0.9% 0.7%
    NAVY FEDERAL CREDIT UNION $445,000 $540,000 21.3% 0.7%
    Union Savings Bank $470,000 $520,000 10.6% 0.7%
    CROSSCOUNTRY MORTGAGE, LLC $595,000 $515,000 -13.4% 0.7%
    AMERICAN PACIFIC MORTGAGE CORPORATION $480,000 n/a 0.6%
    VANDERBILT MORTGAGE AND FINANCE, INC. $205,000 $435,000 112.2% 0.5%
    The Huntington National Bank $580,000 $430,000 -25.9% 0.5%
    STAR Financial Bank $425,000 n/a 0.5%
    AMERISAVE MORTGAGE CORPORATION $720,000 $420,000 -41.7% 0.5%
    The Farmers Bank of Milton $310,000 $420,000 35.5% 0.5%
    MJW Financial LLC $400,000 n/a 0.5%
    CALIBER HOME LOANS, INC. $530,000 $395,000 -25.5% 0.5%
    BROKER SOLUTIONS, INC. $290,000 $355,000 22.4% 0.4%
    GENEVA FINANCIAL, LLC $350,000 n/a 0.4%
    Prosperity Home Mortgage, LLC $295,000 $350,000 18.6% 0.4%
    SUCCESS MORTGAGE PARTNERS, INC. $145,000 $350,000 141.4% 0.4%
    UNION HOME MORTGAGE CORP. $440,000 $340,000 -22.7% 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $105,000 $330,000 214.3% 0.4%
    USAA Federal Savings Bank $325,000 n/a 0.4%
    FREEDOM MORTGAGE CORPORATION $915,000 $310,000 -66.1% 0.4%
    CMG MORTGAGE, INC. $305,000 n/a 0.4%
    PENNYMAC LOAN SERVICES, LLC $510,000 $300,000 -41.2% 0.4%
    Wells Fargo Bank $310,000 $290,000 -6.5% 0.4%
    EVERETT FINANCIAL, INC. $245,000 n/a 0.3%
    Mutual Federal Bank $235,000 n/a 0.3%
    Equity Prime Mortgage LLC $225,000 n/a 0.3%
    First Option Mortgage, LLC $225,000 n/a 0.3%
    Century Mortgage Company DBA Century Lending Company $215,000 n/a 0.3%
    ROYAL UNITED MORTGAGE LLC $225,000 $210,000 -6.7% 0.3%
    FAIR WAY LENDING LLC $215,000 $195,000 -9.3% 0.2%
    JPMorgan Chase Bank $300,000 $185,000 -38.3% 0.2%
    Blue Ridge Bank $165,000 n/a 0.2%
    Discover Bank $160,000 n/a 0.2%
    1ST SIGNATURE LENDING, LLC $155,000 n/a 0.2%
    Barrington Bank & Trust Company, N.A. $245,000 $155,000 -36.7% 0.2%
    U.S. Bank $565,000 $155,000 -72.6% 0.2%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $145,000 n/a 0.2%
    The Farmers & Merchants State Bank $35,000 $145,000 314.3% 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $105,000 $135,000 28.6% 0.2%
    BOONVILLE FEDERAL SAVINGS BANK $135,000 n/a 0.2%
    Carrington Mortgage Services, LLC $315,000 $135,000 -57.1% 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $135,000 n/a 0.2%
    Willamette Valley Bank $135,000 n/a 0.2%
    FORUM Credit Union $405,000 $125,000 -69.1% 0.2%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $115,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $95,000 n/a 0.1%
    First Savings Bank $65,000 n/a 0.1%
    LOANPAL, LLC $145,000 $65,000 -55.2% 0.1%
    Figure Lending LLC $60,000 n/a 0.1%
    Fifth Third Bank $565,000 $55,000 -90.3% 0.1%
    WesBanco $55,000 n/a 0.1%
    INDIANA MEMBERS CREDIT UNION $45,000 n/a 0.1%
    First Merchants Bank $2,275,000 $25,000 -98.9% 0.0%
    Civista Bank $15,000 n/a 0.0%

    North Vernon's top lender by overall market share is Centra Credit Union, with 17.4% market share. In second place, with 11.1%, is Jackson County Bank, having originated $8,765,000 in loans. In third place, with 10.5%, is First Financial Bank, having originated $8,275,000 in loans. In fourth place, with 7.2%, is GVC MORTGAGE, INC., having originated $5,665,000 in loans. In fifth place, with 6.1%, is German American Bank, having originated $4,835,000 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
    North Vernon's median listing price for 2024-03-01 was $224,500, a difference of $17,100 (8.2%) versus the prior year and $-11,000 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 2024-03-01 was $293,932, a difference of $16,844 (6.1%) versus the prior year and $3,758 versus the prior month.

    For the 2024-03-01 period, North Vernon had 32 MLS listings, a difference of 1 listings (3%) versus the prior month and 17 listings (113%) 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 2,222 sqft
    2024-03-01 0 days 1,836 sqft
    North Vernon's median listing age (time on market) for 2024-03-01 was 0 days.

    North Vernon's median square footage for active listings during the 2024-03-01 period was 1,836 sqft. One year prior, the average listing was 1,500 sqft.

    North Vernon, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 252 $47,350,000 $187,897
    Cash Out Refi 104 $13,160,000 $126,538
    Other 92 $6,660,000 $72,391
    Home Improvement 71 $5,395,000 $75,986
    Refi 51 $6,615,000 $129,706

    North Vernon's most frequently cited loan purpose was Home Purchase, with 252 originations. The 2nd most popular reason was Cash Out Refi, with 104 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 201 $29,605,000 $147,289
    7-8% 167 $27,065,000 $162,066
    5-6% 94 $13,250,000 $140,957
    Over 8% 58 $4,600,000 $79,310
    <2.5% 25 $2,535,000 $101,400
    4-5% 14 $1,240,000 $88,571
    2.5-3% 3 $155,000 $51,667
    3-4% 1 $45,000 $45,000

    During 2023, North Vernon's most frequently originated rate bucket was 6-7%, with 201 originations.

    Loan Sizing (North Vernon, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 229 $11,625,000 $50,764
    $100k-200k 221 $32,875,000 $148,756
    $200k-400k 104 $26,090,000 $250,865
    $400k-600k 11 $4,825,000 $438,636
    $600k-1000k 4 $2,690,000 $672,500
    $Over $1MM 1 $1,075,000 $1,075,000

    North Vernon's loan sizing saw the bucket of loans from $100,000 or less with 229 originations, totaling $11,625,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 219 $42,585,000 $194,452
    20-40% 104 $7,870,000 $75,673
    Under 20% 97 $3,155,000 $32,526
    60-80% 84 $16,630,000 $197,976
    40-60% 57 $7,015,000 $123,070
    Over 100% 3 $1,105,000 $368,333

    North Vernon's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 219 originations, totaling $42,585,000 in origination value.