Norwalk Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Norwalk averaged
7.06%
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
7.19% and
one month ago for the week of 2025-05-15, the
average rate was 6.76%.
Norwalk's average rate one year ago was 7.1%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.21%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Norwalk 30 Year Fixed Rate | 2025-06-18 | 7.06% |
| Norwalk 30 Year Fixed Rate Refi | 2025-06-18 | 7.21% |
| Norwalk 15 Year Fixed Rate | 2025-06-18 | 6.06% |
| Norwalk 15 Year Fixed Rate Refi | 2025-06-18 | 6.26% |
| Norwalk 30 Year FHA | 2025-06-18 | 0.38% |
| Norwalk 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Norwalk 30 Year USDA | 2025-06-18 | 0.1% |
| Norwalk 30 Year USDA Refi | 2025-06-18 | 0.2% |
| Norwalk 30 Year VA | 2025-06-18 | -0.2% |
| Norwalk 30 Year VA Refi | 2025-06-18 | -0.1% |
Norwalk 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 Norwalk, OH 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.).
Norwalk Average Closing Costs & Other Stats
Norwalk, OH's 64 lenders originated 957
loans during 2024. The total origination value was $152,575,000, with an average loan value of
$159,431.
Norwalk's average closing costs are $4,784.
The top Norwalk lender as defined by loan originations is UNION HOME MORTGAGE CORP., with
50 loans originated. Their average total fees are
$7,141, which is $1,098
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Norwalk lenders (with over 10 loans originated) are
Civista Bank ($3,653), First Federal Bank of the Midwest ($3,875), KeyBank ($4,094), The Huntington National Bank ($4,102) and QUICKEN LOANS, LLC ($6,043).
The lowest rate Norwalk lenders (with over 10 loans originated) are
First Federal Bank of the Midwest (6.28%), KeyBank (6.53%), Civista Bank (6.54%), QUICKEN LOANS, LLC (6.84%) and UNION HOME MORTGAGE CORP. (6.95%).
Norwalk, OH 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 |
|---|---|---|---|---|
| UNION HOME MORTGAGE CORP. | $11,020,000 | $17,945,000 | 62.8% | 11.8% |
| QUICKEN LOANS, LLC | $11,220,000 | $14,625,000 | 30.3% | 9.6% |
| Civista Bank | $6,930,000 | $8,540,000 | 23.2% | 5.6% |
| Merchants Capital Corp. | $7,535,000 | n/a | 4.9% | |
| CROSSCOUNTRY MORTGAGE, LLC | $7,700,000 | $7,110,000 | -7.7% | 4.7% |
| First Federal Bank of the Midwest | $6,925,000 | $6,990,000 | 0.9% | 4.6% |
| The Huntington National Bank | $5,245,000 | $5,925,000 | 13.0% | 3.9% |
| KeyBank | $6,710,000 | $5,150,000 | -23.2% | 3.4% |
| Mortgage Research Center, LLC | $2,055,000 | $5,010,000 | 143.8% | 3.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,195,000 | $4,475,000 | 103.9% | 2.9% |
| YOUR HOME FINANCIAL LLC | $1,720,000 | $4,405,000 | 156.1% | 2.9% |
| PNC Bank | $5,950,000 | $4,065,000 | -31.7% | 2.7% |
| LOANDEPOT.COM, LLC | $1,250,000 | $3,725,000 | 198.0% | 2.4% |
| AG Credit, Agricultural Credit Association | $2,220,000 | $2,535,000 | 14.2% | 1.7% |
| The Croghan Colonial Bank | $1,500,000 | $2,305,000 | 53.7% | 1.5% |
| NAVY FEDERAL CREDIT UNION | $845,000 | $2,180,000 | 158.0% | 1.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,405,000 | $2,025,000 | -15.8% | 1.3% |
| Mechanics Bank | $1,325,000 | $1,880,000 | 41.9% | 1.2% |
| Sutton Bank | $825,000 | $1,590,000 | 92.7% | 1.0% |
| Fifth Third Bank | $1,145,000 | $1,520,000 | 32.8% | 1.0% |
| NEWREZ LLC | $390,000 | $1,415,000 | 262.8% | 0.9% |
| First Federal Savings and Loan Association of Lorain | $1,090,000 | $1,200,000 | 10.1% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $75,000 | $1,195,000 | 1,493.3% | 0.8% |
| Directions Credit Union, Inc. | $990,000 | $980,000 | -1.0% | 0.6% |
| Farm Credit Mid-America, ACA | $1,450,000 | $960,000 | -33.8% | 0.6% |
| The Farmers Savings Bank | $25,000 | $960,000 | 3,740.0% | 0.6% |
| PLAZA HOME MORTGAGE, INC. | $1,315,000 | $910,000 | -30.8% | 0.6% |
| PLANET HOME LENDING, LLC | $870,000 | n/a | 0.6% | |
| JPMorgan Chase Bank | $835,000 | n/a | 0.5% | |
| PENNYMAC LOAN SERVICES, LLC | $440,000 | $830,000 | 88.6% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $825,000 | n/a | 0.5% | |
| RELIANCE FIRST CAPITAL, LLC | $625,000 | $825,000 | 32.0% | 0.5% |
| The Federal Savings Bank | $145,000 | $795,000 | 448.3% | 0.5% |
| HOMESIDE FINANCIAL, LLC | $465,000 | $780,000 | 67.7% | 0.5% |
| MICHIGAN MUTUAL, INC. | $205,000 | $720,000 | 251.2% | 0.5% |
| Third Federal Savings and Loan Association of Cleveland | $485,000 | $660,000 | 36.1% | 0.4% |
| Wayne Savings Community Bank | $45,000 | $650,000 | 1,344.4% | 0.4% |
| VILLAGE CAPITAL MORTGAGE | $610,000 | $640,000 | 4.9% | 0.4% |
| NEW DAY FINANCIAL, LLC | $615,000 | n/a | 0.4% | |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $425,000 | $610,000 | 43.5% | 0.4% |
| BROKER SOLUTIONS, INC. | $735,000 | $605,000 | -17.7% | 0.4% |
| LIBERTY HOME MORTGAGE CORPORATION | $360,000 | $605,000 | 68.1% | 0.4% |
| Dollar Bank, Federal Savings Bank | $1,055,000 | $595,000 | -43.6% | 0.4% |
| The Park National Bank | $990,000 | $590,000 | -40.4% | 0.4% |
| LIMA ONE CAPITAL, LLC | $580,000 | n/a | 0.4% | |
| UNION CAPITAL MORTGAGE CORPORATION | $900,000 | $565,000 | -37.2% | 0.4% |
| LENDINGHOME FUNDING CORPORATION | $95,000 | $560,000 | 489.5% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $135,000 | $550,000 | 307.4% | 0.4% |
| First Federal Community Bank of Bucyrus | $315,000 | $545,000 | 73.0% | 0.4% |
| GUARANTEED RATE, INC. | $315,000 | $545,000 | 73.0% | 0.4% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $515,000 | n/a | 0.3% | |
| GUILD MORTGAGE COMPANY | $85,000 | $500,000 | 488.2% | 0.3% |
| ZILLOW HOME LOANS, LLC | $625,000 | $495,000 | -20.8% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $390,000 | $485,000 | 24.4% | 0.3% |
| The Farmers National Bank of Canfield | $465,000 | n/a | 0.3% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,000,000 | $440,000 | -56.0% | 0.3% |
| 21ST MORTGAGE CORPORATION | $415,000 | n/a | 0.3% | |
| AMERICAN FINANCIAL NETWORK, INC. | $145,000 | $410,000 | 182.8% | 0.3% |
| First Financial Bank | $405,000 | n/a | 0.3% | |
| The Genoa Banking Company | $250,000 | $400,000 | 60.0% | 0.3% |
| KEMBA FINANCIAL | $395,000 | n/a | 0.3% | |
| USAA Federal Savings Bank | $225,000 | $395,000 | 75.6% | 0.3% |
| 1ST SIGNATURE LENDING, LLC | $465,000 | $385,000 | -17.2% | 0.3% |
| FIRST COLONY MORTGAGE CORPORATION | $385,000 | n/a | 0.3% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $375,000 | n/a | 0.2% | |
| NBKC BANK | $355,000 | n/a | 0.2% | |
| University Bank | $345,000 | n/a | 0.2% | |
| First Federal Savings and Loan Association of Lakewood | $1,210,000 | $340,000 | -71.9% | 0.2% |
| Figure Lending LLC | $50,000 | $335,000 | 570.0% | 0.2% |
| Nations Lending Corporation | $495,000 | $330,000 | -33.3% | 0.2% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $320,000 | n/a | 0.2% | |
| FIRST COMMUNITY MORTGAGE, INC. | $275,000 | $310,000 | 12.7% | 0.2% |
| CLEARPATH LENDING | $295,000 | n/a | 0.2% | |
| MID AMERICA MORTGAGE, INC. | $165,000 | $290,000 | 75.8% | 0.2% |
| Discover Bank | $355,000 | $285,000 | -19.7% | 0.2% |
| NATIONS DIRECT MORTGAGE, LLC | $195,000 | $285,000 | 46.2% | 0.2% |
| U.S. Bank | $265,000 | $285,000 | 7.5% | 0.2% |
| AmeriHome Mortgage Company, LLC | $275,000 | n/a | 0.2% | |
| RUOFF MORTGAGE COMPANY, INC. | $1,045,000 | $275,000 | -73.7% | 0.2% |
| First National Bank of Bellevue | $1,245,000 | $270,000 | -78.3% | 0.2% |
| NFM, INC. | $635,000 | $265,000 | -58.3% | 0.2% |
| T2 FINANCIAL LLC | $245,000 | n/a | 0.2% | |
| Capital Bank | $235,000 | n/a | 0.2% | |
| Northwest Bank | $650,000 | $235,000 | -63.8% | 0.2% |
| Equity Prime Mortgage LLC | $225,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $215,000 | n/a | 0.1% | |
| S1L, Inc. | $215,000 | n/a | 0.1% | |
| Union Savings Bank | $215,000 | n/a | 0.1% | |
| Citizens Bank | $515,000 | $205,000 | -60.2% | 0.1% |
| First Federal Bank of Ohio | $470,000 | $205,000 | -56.4% | 0.1% |
| MILEND, INC. | $205,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $355,000 | $205,000 | -42.3% | 0.1% |
| TJC Mortgage, Inc. | $195,000 | n/a | 0.1% | |
| V.I.P. MORTGAGE, INC. | $215,000 | $195,000 | -9.3% | 0.1% |
| EQUITY RESOURCES, INC. | $145,000 | $175,000 | 20.7% | 0.1% |
| Waterstone Mortgage Corporation | $175,000 | n/a | 0.1% | |
| Coastal Community Bank | $130,000 | $170,000 | 30.8% | 0.1% |
| Peoples Bank | $155,000 | n/a | 0.1% | |
| S&T Bank | $625,000 | $155,000 | -75.2% | 0.1% |
| Carrington Mortgage Services, LLC | $425,000 | $150,000 | -64.7% | 0.1% |
| Hometown Equity Mortgage, LLC | $145,000 | n/a | 0.1% | |
| Ixonia Bank | $145,000 | n/a | 0.1% | |
| NP, Inc. | $145,000 | n/a | 0.1% | |
| Ameris Bank | $155,000 | $135,000 | -12.9% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $135,000 | n/a | 0.1% | |
| SUN Federal Credit Union | $135,000 | n/a | 0.1% | |
| The Old Fort Banking Company | $160,000 | $135,000 | -15.6% | 0.1% |
| TLC COMMUNITY Credit Union | $135,000 | n/a | 0.1% | |
| First National Bank of Pennsylvania | $165,000 | $125,000 | -24.2% | 0.1% |
| PHH Mortgage Corporation | $125,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $120,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $105,000 | $115,000 | 9.5% | 0.1% |
| BAYSHORE MORTGAGE FUNDING, LLC | $105,000 | n/a | 0.1% | |
| LOANPAL, LLC | $105,000 | n/a | 0.1% | |
| Wells Fargo Bank | $440,000 | $105,000 | -76.1% | 0.1% |
| The Loan Store, Inc. | $95,000 | n/a | 0.1% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $75,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $75,000 | $35,000 | -53.3% | 0.0% |
| Park Lane Finance Solutions, LLC | $35,000 | n/a | 0.0% |
Norwalk's top lender by overall market share is UNION HOME MORTGAGE CORP., with 11.8% market share. In second place, with 9.6%, is QUICKEN LOANS, LLC, having originated $14,625,000 in loans. In third place, with 5.6%, is Civista Bank, having originated $8,540,000 in loans. In fourth place, with 4.9%, is Merchants Capital Corp., having originated $7,535,000 in loans. In fifth place, with 4.7%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $7,110,000 in loans.
Norwalk, OH Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 533 | $105,055,000 | $197,101 |
| Cash Out Refi | 119 | $17,465,000 | $146,765 |
| Refi | 114 | $17,050,000 | $149,561 |
| Home Improvement | 110 | $7,060,000 | $64,182 |
| Other | 81 | $5,945,000 | $73,395 |
Norwalk's most frequently cited loan purpose was Home Purchase, with 533 originations. The 2nd most popular reason was Cash Out Refi, with 119 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 375 | $66,445,000 | $177,187 |
| Over 8% | 242 | $19,290,000 | $79,711 |
| 7-8% | 190 | $30,410,000 | $160,053 |
| 5-6% | 91 | $18,245,000 | $200,495 |
| 4-5% | 11 | $3,445,000 | $313,182 |
| <2.5% | 3 | $15,000 | $5,000 |
During 2024, Norwalk's most frequently originated rate bucket was 6-7%, with 375 originations.
Loan Sizing (Norwalk, OH MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 397 | $58,745,000 | $147,972 |
| $100,000 or less | 335 | $19,585,000 | $58,463 |
| $200k-400k | 197 | $52,455,000 | $266,269 |
| $400k-600k | 22 | $10,560,000 | $480,000 |
| $600k-1000k | 4 | $2,680,000 | $670,000 |
| $Over $1MM | 2 | $8,550,000 | $4,275,000 |
Norwalk's loan sizing saw the bucket of loans from $100k-200k with 397 originations, totaling $58,745,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 421 | $79,965,000 | $189,941 |
| 60-80% | 169 | $29,315,000 | $173,462 |
| 20-40% | 133 | $9,895,000 | $74,398 |
| Under 20% | 89 | $2,965,000 | $33,315 |
| 40-60% | 79 | $9,775,000 | $123,734 |
| Over 100% | 9 | $2,045,000 | $227,222 |
Norwalk's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 421 originations, totaling $79,965,000 in origination value.