Peru Mortgage Rates & Closing Costs

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  • Trends
  • Rates vs. Fees
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  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Peru averaged 7.3% 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 6.98% and one month ago for the week of 2024-03-14, the average rate was 7.14%.

    Peru's average rate one year ago was 6.37%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.6%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Peru 30 Year Fixed Rate 2024-04-18 7.3%
    Peru 30 Year Fixed Rate Refi 2024-04-18 7.6%
    Peru 15 Year Fixed Rate 2024-04-18 6.19%
    Peru 15 Year Fixed Rate Refi 2024-04-18 6.99%
    Peru 30 Year FHA 2024-04-18 7.39%
    Peru 30 Year FHA Refi 2024-04-18 6.86%
    Peru 30 Year USDA 2024-04-18 6.66%
    Peru 30 Year USDA Refi 2024-04-18 6.86%
    Peru 30 Year VA 2024-04-18 6.56%
    Peru 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 Peru, IN.

    Peru 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 Peru, 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
    RUOFF MORTGAGE COMPANY, INC. 19 7.13% $2,731
    First Farmers Bank and Trust Company 13 7.34% $1,932
    BEACON CREDIT UNION 13 6.70% $2,092
    STOCKTON MORTGAGE CORPORATION 11 6.99% $3,989
    Crossroads Bank 10 6.39% $1,759
    QUICKEN LOANS, LLC 4 6.28% $5,836
    First Federal Savings Bank 4 7.09% $2,424
    Flagstar Bank, FSB 3 7.03% $2,645
    The Huntington National Bank 3 7.29% $2,777
    GVC MORTGAGE, INC. 3 7.08% $4,690
    PLAZA HOME MORTGAGE, INC. 3 6.79% $6,157
    JPMorgan Chase Bank 3 7.04% $2,846
    MOVEMENT MORTGAGE, LLC 3 6.69% $3,258
    Solidarity Community Federal Credit Union 3 6.75% $1,178
    Regions Bank 3 7.21% $2,342
    First Merchants Bank 3 6.79% $2,450
    Security Federal Savings Bank 2 6.94% $2,159
    Community First Bank of Indiana 2 6.94% $2,916
    Farm Credit Mid-America, ACA 2 7.44% $3,839
    HALLMARK HOME MORTGAGE, LLC 2 7.00% $3,958
    LEADERONE FINANCIAL CORPORATION 2 6.44% $2,728
    NAVY FEDERAL CREDIT UNION 2 8.69% $2,533
    The Farmers & Merchants State Bank 2 6.44% $3,089
    Three Rivers Federal Credit Union 2 6.44% $2,483
    UNION HOME MORTGAGE CORP. 1 8.13% $3,060
    NEWREZ LLC 1 7.50% $4,411
    Ixonia Bank 1 7.38% $4,199
    PNC Bank 1 7.00% $3,329
    FORUM Credit Union 1 6.63% $1,155
    Fire Police City County Federal Credit Union 1 6.38% $2,221
    ROYAL UNITED MORTGAGE LLC 1 6.88% $5,091
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 8.49% $1,125
    American Mortgage & Equity Consultants, Inc. 1 7.25% $7,055
    Servion, Inc. 1 6.38% $4,093
    EVERETT FINANCIAL, INC. 1 7.63% $5,672
    CORNERSTONE HOME LENDING, INC. 1 7.00% $6,691
    TEACHERS CREDIT UNION 1 6.88% $2,308
    UNITED WHOLESALE MORTGAGE, LLC 1 6.38% $5,998
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.13% $3,743
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.25% $7,795
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.88% $6,886
    Key Mortgage Services, Inc. 1 6.63% $3,630
    Nations Lending Corporation 1 7.50% $2,691

    Peru Average Closing Costs & Other Stats

    Peru, IN's 43 lenders originated 509 loans during 2023. The total origination value was $57,585,000, with an average loan value of $113,134.

    Peru's average closing costs are $3,502.

    The top Peru lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 19 loans originated. Their average total fees are $2,731, which is $799 higher than the next largest lender, First Farmers Bank and Trust Company.

    The lowest fee Peru lenders (with over 10 loans originated) are Crossroads Bank ($1,759), First Farmers Bank and Trust Company ($1,932), BEACON CREDIT UNION ($2,092), RUOFF MORTGAGE COMPANY, INC. ($2,731) and STOCKTON MORTGAGE CORPORATION ($3,989).

    The lowest rate Peru lenders (with over 10 loans originated) are Crossroads Bank (6.39%), BEACON CREDIT UNION (6.70%), STOCKTON MORTGAGE CORPORATION (6.99%), RUOFF MORTGAGE COMPANY, INC. (7.13%) and First Farmers Bank and Trust Company (7.34%).

    Peru, 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
    RUOFF MORTGAGE COMPANY, INC. $8,920,000 $5,800,000 -35.0% 10.1%
    First Farmers Bank and Trust Company $8,290,000 $5,670,000 -31.6% 9.8%
    BEACON CREDIT UNION $4,260,000 $4,575,000 7.4% 7.9%
    STOCKTON MORTGAGE CORPORATION $2,740,000 $3,445,000 25.7% 6.0%
    PLAZA HOME MORTGAGE, INC. $2,785,000 $2,495,000 -10.4% 4.3%
    QUICKEN LOANS, LLC $5,125,000 $2,460,000 -52.0% 4.3%
    First Federal Savings Bank $275,000 $2,120,000 670.9% 3.7%
    Mortgage Research Center, LLC $2,560,000 $1,895,000 -26.0% 3.3%
    First Merchants Bank $865,000 $1,705,000 97.1% 3.0%
    MOVEMENT MORTGAGE, LLC $755,000 $1,580,000 109.3% 2.7%
    Crossroads Bank $3,470,000 $1,485,000 -57.2% 2.6%
    PNC Bank $3,190,000 $1,080,000 -66.1% 1.9%
    First Bank of Berne $455,000 $1,010,000 122.0% 1.8%
    Solidarity Community Federal Credit Union $1,830,000 $940,000 -48.6% 1.6%
    PENNYMAC LOAN SERVICES, LLC $755,000 $850,000 12.6% 1.5%
    UNITED WHOLESALE MORTGAGE, LLC $1,265,000 $815,000 -35.6% 1.4%
    GVC MORTGAGE, INC. $2,600,000 $795,000 -69.4% 1.4%
    American Mortgage & Equity Consultants, Inc. $765,000 n/a 1.3%
    HALLMARK HOME MORTGAGE, LLC $590,000 $680,000 15.3% 1.2%
    Community First Bank of Indiana $550,000 $635,000 15.5% 1.1%
    Ixonia Bank $625,000 n/a 1.1%
    The Huntington National Bank $760,000 $595,000 -21.7% 1.0%
    The Farmers & Merchants State Bank $195,000 $535,000 174.4% 0.9%
    Security Federal Savings Bank $1,245,000 $515,000 -58.6% 0.9%
    DIRECT MORTGAGE LOANS, LLC $505,000 n/a 0.9%
    TEACHERS CREDIT UNION $135,000 $480,000 255.6% 0.8%
    Farm Credit Mid-America, ACA $640,000 $470,000 -26.6% 0.8%
    Regions Bank $560,000 $460,000 -17.9% 0.8%
    FREEDOM MORTGAGE CORPORATION $435,000 $455,000 4.6% 0.8%
    UNION HOME MORTGAGE CORP. $505,000 $455,000 -9.9% 0.8%
    Flagstar Bank, FSB $1,955,000 $445,000 -77.2% 0.8%
    Mr. Cooper ( Nationstar Mortgage ) $705,000 $440,000 -37.6% 0.8%
    CALIBER HOME LOANS, INC. $695,000 $420,000 -39.6% 0.7%
    FLAT BRANCH MORTGAGE, INC. $235,000 $385,000 63.8% 0.7%
    21ST MORTGAGE CORPORATION $175,000 $370,000 111.4% 0.6%
    Wolfe Financial, Inc $355,000 n/a 0.6%
    BROKER SOLUTIONS, INC. $465,000 $325,000 -30.1% 0.6%
    Elements Financial Federal Credit Union $320,000 n/a 0.6%
    JPMorgan Chase Bank $955,000 $320,000 -66.5% 0.6%
    Nations Lending Corporation $380,000 $305,000 -19.7% 0.5%
    PURDUE FEDERAL CREDIT UNION $300,000 n/a 0.5%
    NEWREZ LLC $155,000 $290,000 87.1% 0.5%
    MUTUAL OF OMAHA MORTGAGE, INC. $105,000 $265,000 152.4% 0.5%
    NAVY FEDERAL CREDIT UNION $65,000 $260,000 300.0% 0.5%
    VILLAGE CAPITAL MORTGAGE $150,000 $255,000 70.0% 0.4%
    FIRST COMMUNITY MORTGAGE, INC. $250,000 n/a 0.4%
    THRIVE MORTGAGE, LLC $240,000 n/a 0.4%
    Century Mortgage Company DBA Century Lending Company $235,000 n/a 0.4%
    LEADERONE FINANCIAL CORPORATION $1,200,000 $230,000 -80.8% 0.4%
    VANDERBILT MORTGAGE AND FINANCE, INC. $250,000 $225,000 -10.0% 0.4%
    TRIAD FINANCIAL SERVICES, INC. $420,000 $200,000 -52.4% 0.3%
    CORNERSTONE HOME LENDING, INC. $195,000 n/a 0.3%
    FORUM Credit Union $195,000 n/a 0.3%
    ROYAL UNITED MORTGAGE LLC $310,000 $195,000 -37.1% 0.3%
    Fire Police City County Federal Credit Union $185,000 n/a 0.3%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $55,000 $175,000 218.2% 0.3%
    Barrington Bank & Trust Company, N.A. $250,000 $175,000 -30.0% 0.3%
    PLANET HOME LENDING, LLC $250,000 $175,000 -30.0% 0.3%
    ACADEMY MORTGAGE CORPORATION $165,000 n/a 0.3%
    AMERISAVE MORTGAGE CORPORATION $200,000 $165,000 -17.5% 0.3%
    Key Mortgage Services, Inc. $165,000 n/a 0.3%
    LENOX FINANCIAL MORTGAGE CORPORATION $165,000 n/a 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $400,000 $160,000 -60.0% 0.3%
    ENDEAVOR CAPITAL, LLC. $155,000 n/a 0.3%
    GUARANTEED RATE, INC. $155,000 n/a 0.3%
    Merchants Bank of Indiana $115,000 $155,000 34.8% 0.3%
    Three Rivers Federal Credit Union $85,000 $155,000 82.4% 0.3%
    VERITAS FUNDING, LLC $155,000 n/a 0.3%
    1st Source Bank $75,000 $145,000 93.3% 0.3%
    LOANPAL, LLC $145,000 n/a 0.3%
    MID AMERICA MORTGAGE, INC. $175,000 $145,000 -17.1% 0.3%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $145,000 n/a 0.3%
    TOP FLITE FINANCIAL, INC. $145,000 n/a 0.3%
    Lake City Bank $1,065,000 $140,000 -86.9% 0.2%
    USAA Federal Savings Bank $830,000 $135,000 -83.7% 0.2%
    GENEVA FINANCIAL, LLC $65,000 $130,000 100.0% 0.2%
    EVERETT FINANCIAL, INC. $125,000 n/a 0.2%
    FINANCIAL BUILDERS Federal Credit Union $295,000 $115,000 -61.0% 0.2%
    PANORAMA MORTGAGE GROUP, LLC $155,000 $115,000 -25.8% 0.2%
    Servion, Inc. $35,000 $115,000 228.6% 0.2%
    Equity Prime Mortgage LLC $95,000 n/a 0.2%
    Notre Dame Federal Credit Union Corporation $85,000 n/a 0.1%
    Third Federal Savings and Loan Association of Cleveland $85,000 n/a 0.1%
    First Federal Savings Bank $275,000 $65,000 -76.4% 0.1%
    MEMBER FIRST MORTGAGE, LLC $35,000 $65,000 85.7% 0.1%
    Discover Bank $55,000 n/a 0.1%
    Northwest Bank $105,000 $55,000 -47.6% 0.1%
    First Financial Bank $1,205,000 $45,000 -96.3% 0.1%
    FIRST OHIO HOME FINANCE, INC. $45,000 n/a 0.1%
    Horizon Bank $35,000 $35,000 0.0% 0.1%

    Peru's top lender by overall market share is RUOFF MORTGAGE COMPANY, INC., with 10.1% market share. In second place, with 9.8%, is First Farmers Bank and Trust Company, having originated $5,670,000 in loans. In third place, with 7.9%, is BEACON CREDIT UNION, having originated $4,575,000 in loans. In fourth place, with 6.0%, is STOCKTON MORTGAGE CORPORATION, having originated $3,445,000 in loans. In fifth place, with 4.3%, is PLAZA HOME MORTGAGE, INC., having originated $2,495,000 in loans.

    Peru Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Peru (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 $69,900 (-0.8%) $96,934 (19.6%) 0.00 103
    2018-02-01 $69,900 (7.7%) $99,173 (29.5%) 0.00 95
    2018-03-01 $79,900 (12.6%) $110,565 (29.8%) 0.00 91
    2018-04-01 $85,075 (16.9%) $113,468 (29.6%) 0.00 93
    2018-05-01 $83,558 (21.6%) $135,062 (49.4%) 0.00 87
    2018-06-01 $81,000 (8.9%) $151,068 (59.2%) 0.00 86
    2018-07-01 $80,800 (7.9%) $145,180 (54.0%) 0.00 102
    2018-08-01 $87,475 (10.4%) $140,764 (33.0%) 0.00 110
    2018-09-01 $76,900 (2.5%) $134,837 (19.7%) 0.00 107
    2018-10-01 $85,650 (14.3%) $138,300 (24.6%) 0.00 108
    2018-11-01 $82,400 (15.8%) $138,313 (27.6%) 0.00 107
    2018-12-01 $82,400 (17.9%) $134,955 (43.7%) 0.00 101
    2019-01-01 $83,075 (18.9%) $133,295 (37.5%) 0.00 95
    2019-02-01 $84,700 (21.2%) $130,780 (31.9%) 0.00 100
    2019-03-01 $81,600 (2.1%) $146,253 (32.3%) 0.00 84
    2019-04-01 $77,750 (-8.6%) $133,453 (17.6%) 0.00 70
    2019-05-01 $74,075 (-11.4%) $105,528 (-21.9%) 0.00 66
    2019-06-01 $84,900 (4.8%) $111,522 (-26.2%) 0.00 71
    2019-07-01 $87,700 (8.5%) $108,166 (-25.5%) 0.00 70
    2019-08-01 $88,491 (1.2%) $108,635 (-22.8%) 0.00 76
    2019-09-01 $88,327 (14.9%) $111,117 (-17.6%) 0.00 81
    2019-10-01 $88,493 (3.3%) $111,853 (-19.1%) 0.00 85
    2019-11-01 $79,000 (-4.1%) $108,303 (-21.7%) 0.00 85
    2019-12-01 $79,450 (-3.6%) $109,689 (-18.7%) 0.00 77
    2020-01-01 $86,950 (4.7%) $112,538 (-15.6%) 0.00 80
    2020-02-01 $89,900 (6.1%) $109,767 (-16.1%) 0.00 74
    2020-03-01 $89,900 (10.2%) $109,046 (-25.4%) 0.00 64
    2020-04-01 $88,425 (13.7%) $105,015 (-21.3%) 0.00 53
    2020-05-01 $89,450 (20.8%) $134,796 (27.7%) 0.00 49
    2020-06-01 $76,200 (-10.3%) $119,275 (7.0%) 0.00 39
    2020-07-01 $74,900 (-14.6%) $113,198 (4.7%) 0.00 39
    2020-08-01 $87,200 (-1.5%) $117,308 (8.0%) 0.00 39
    2020-09-01 $96,975 (9.8%) $122,553 (10.3%) 0.00 41
    2020-10-01 $99,900 (12.9%) $138,336 (23.7%) 0.00 48
    2020-11-01 $112,900 (42.9%) $139,693 (29.0%) 0.00 44
    2020-12-01 $111,400 (40.2%) $151,500 (38.1%) 0.00 43
    2021-01-01 $112,900 (29.8%) $145,977 (29.7%) 0.00 38
    2021-02-01 $134,900 (50.1%) $171,092 (55.9%) 0.00 33
    2021-03-01 $131,150 (45.9%) $174,998 (60.5%) 0.00 28
    2021-04-01 $122,400 (38.4%) $184,968 (76.1%) 0.00 24
    2021-05-01 $122,400 (36.8%) $203,345 (50.9%) 0.00 19
    2021-06-01 $124,900 (63.9%) $198,785 (66.7%) 0.00 20
    2021-07-01 $108,950 (45.5%) $156,922 (38.6%) 0.00 36
    2021-08-01 $112,450 (29.0%) $154,742 (31.9%) 0.00 34
    2021-09-01 $112,400 (15.9%) $146,002 (19.1%) 0.00 36
    2021-10-01 $129,000 (29.1%) $172,430 (24.7%) 0.00 44
    2021-11-01 $111,900 (-0.9%) $164,738 (17.9%) 0.00 47
    2021-12-01 $114,675 (2.9%) $167,311 (10.4%) 0.00 45
    2022-01-01 $99,500 (-11.9%) $153,232 (5.0%) 0.00 42
    2022-02-01 $124,950 (-7.4%) $172,815 (1.0%) 0.00 43
    2022-03-01 $127,675 (-2.7%) $181,802 (3.9%) 0.00 31
    2022-04-01 $118,950 (-2.8%) $167,802 (-9.3%) 0.00 34
    2022-05-01 $130,725 (6.8%) $184,548 (-9.2%) 0.00 39
    2022-06-01 $135,050 (8.1%) $186,488 (-6.2%) 0.00 38
    2022-07-01 $143,450 (31.7%) $183,570 (17.0%) 0.00 55
    2022-08-01 $140,075 (24.6%) $161,942 (4.7%) 0.00 55
    2022-09-01 $129,350 (15.1%) $150,809 (3.3%) 0.00 60
    2022-10-01 $119,900 (-7.1%) $139,238 (-19.3%) 0.00 60
    2022-11-01 $122,925 (9.9%) $133,729 (-18.8%) 0.00 50
    2022-12-01 $119,900 (4.6%) $140,913 (-15.8%) 0.00 52
    2023-01-01 $121,150 (21.8%) $146,218 (-4.6%) 0.00 46
    2023-02-01 $118,175 (-5.4%) $148,079 (-14.3%) 0.00 36
    2023-03-01 $126,250 (-1.1%) $154,502 (-15.0%) 0.00 31
    2023-04-01 $135,900 (14.3%) $179,527 (7.0%) 0.00 27
    2023-05-01 $178,200 (36.3%) $198,530 (7.6%) 0.00 28
    2023-06-01 $183,675 (36.0%) $206,321 (10.6%) 0.00 29
    2023-07-01 $164,900 (15.0%) $205,908 (12.2%) 0.00 35
    2023-08-01 $141,150 (0.8%) $188,145 (16.2%) 0.00 38
    2023-09-01 $149,250 (15.4%) $181,871 (20.6%) 0.00 41
    2023-10-01 $147,425 (23.0%) $181,957 (30.7%) 0.00 50
    2023-11-01 $140,750 (14.5%) $170,111 (27.2%) 0.00 53
    2023-12-01 $134,450 (12.1%) $170,476 (21.0%) 0.00 49
    2024-01-01 $143,700 (18.6%) $170,865 (16.9%) 0.00 44
    2024-02-01 $137,200 (16.1%) $166,217 (12.3%) 0.00 41
    2024-03-01 $144,900 (14.8%) $174,307 (12.8%) 0.00 38
    Peru's median listing price for 2024-03-01 was $144,900, a difference of $18,650 (14.8%) versus the prior year and $7,700 versus the prior month.

    Peru's median listing price comes in at 0% of the national average.

    Peru's average listing price for 2024-03-01 was $174,307, a difference of $19,805 (12.8%) versus the prior year and $8,090 versus the prior month.

    For the 2024-03-01 period, Peru had 38 MLS listings, a difference of -3 listings (-7%) versus the prior month and 7 listings (23%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Peru (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,574 sqft
    2018-02-01 0 days 1,583 sqft
    2018-03-01 0 days 1,639 sqft
    2018-04-01 0 days 1,665 sqft
    2018-05-01 0 days 1,612 sqft
    2018-06-01 0 days 1,654 sqft
    2018-07-01 0 days 1,628 sqft
    2018-08-01 0 days 1,632 sqft
    2018-09-01 0 days 1,608 sqft
    2018-10-01 0 days 1,742 sqft
    2018-11-01 0 days 1,723 sqft
    2018-12-01 0 days 1,672 sqft
    2019-01-01 0 days 1,672 sqft
    2019-02-01 0 days 1,630 sqft
    2019-03-01 0 days 1,583 sqft
    2019-04-01 0 days 1,482 sqft
    2019-05-01 0 days 1,479 sqft
    2019-06-01 0 days 1,495 sqft
    2019-07-01 0 days 1,470 sqft
    2019-08-01 0 days 1,488 sqft
    2019-09-01 0 days 1,508 sqft
    2019-10-01 0 days 1,522 sqft
    2019-11-01 0 days 1,533 sqft
    2019-12-01 0 days 1,530 sqft
    2020-01-01 0 days 1,568 sqft
    2020-02-01 0 days 1,549 sqft
    2020-03-01 0 days 1,476 sqft
    2020-04-01 0 days 1,487 sqft
    2020-05-01 0 days 1,490 sqft
    2020-06-01 0 days 1,504 sqft
    2020-07-01 0 days 1,478 sqft
    2020-08-01 0 days 1,520 sqft
    2020-09-01 0 days 1,480 sqft
    2020-10-01 0 days 1,638 sqft
    2020-11-01 0 days 1,748 sqft
    2020-12-01 0 days 1,714 sqft
    2021-01-01 0 days 1,660 sqft
    2021-02-01 0 days 1,773 sqft
    2021-03-01 0 days 1,770 sqft
    2021-04-01 0 days 1,694 sqft
    2021-05-01 0 days 1,756 sqft
    2021-06-01 0 days 1,747 sqft
    2021-07-01 0 days 1,628 sqft
    2021-08-01 0 days 1,675 sqft
    2021-09-01 0 days 1,678 sqft
    2021-10-01 0 days 1,756 sqft
    2021-11-01 0 days 1,597 sqft
    2021-12-01 0 days 1,496 sqft
    2022-01-01 0 days 1,432 sqft
    2022-02-01 0 days 1,502 sqft
    2022-03-01 0 days 1,502 sqft
    2022-04-01 0 days 1,500 sqft
    2022-05-01 0 days 1,478 sqft
    2022-06-01 0 days 1,608 sqft
    2022-07-01 0 days 1,796 sqft
    2022-08-01 0 days 1,717 sqft
    2022-09-01 0 days 1,726 sqft
    2022-10-01 0 days 1,664 sqft
    2022-11-01 0 days 1,672 sqft
    2022-12-01 0 days 1,718 sqft
    2023-01-01 0 days 1,717 sqft
    2023-02-01 0 days 1,709 sqft
    2023-03-01 0 days 1,702 sqft
    2023-04-01 0 days 1,493 sqft
    2023-05-01 0 days 1,727 sqft
    2023-06-01 0 days 1,850 sqft
    2023-07-01 0 days 1,806 sqft
    2023-08-01 0 days 1,645 sqft
    2023-09-01 0 days 1,684 sqft
    2023-10-01 0 days 1,615 sqft
    2023-11-01 0 days 1,588 sqft
    2023-12-01 0 days 1,580 sqft
    2024-01-01 0 days 1,587 sqft
    2024-02-01 0 days 1,514 sqft
    2024-03-01 0 days 1,472 sqft
    Peru's median listing age (time on market) for 2024-03-01 was 0 days.

    Peru's median square footage for active listings during the 2024-03-01 period was 1,472 sqft. One year prior, the average listing was 1,702 sqft.

    Peru, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 290 $41,990,000 $144,793
    Cash Out Refi 86 $8,380,000 $97,442
    Other 54 $2,430,000 $45,000
    Home Improvement 51 $2,425,000 $47,549
    Refi 28 $2,360,000 $84,286

    Peru's most frequently cited loan purpose was Home Purchase, with 290 originations. The 2nd most popular reason was Cash Out Refi, with 86 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    7-8% 172 $22,250,000 $129,360
    6-7% 154 $20,690,000 $134,351
    Over 8% 129 $7,615,000 $59,031
    5-6% 42 $5,810,000 $138,333
    <2.5% 5 $35,000 $7,000
    4-5% 1 $175,000 $175,000

    During 2023, Peru's most frequently originated rate bucket was 7-8%, with 172 originations.

    Loan Sizing (Peru, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 285 $16,065,000 $56,368
    $100k-200k 161 $23,325,000 $144,876
    $200k-400k 58 $15,550,000 $268,103
    $400k-600k 4 $1,950,000 $487,500
    $600k-1000k 1 $695,000 $695,000

    Peru's loan sizing saw the bucket of loans from $100,000 or less with 285 originations, totaling $16,065,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 245 $37,335,000 $152,388
    60-80% 73 $8,245,000 $112,945
    20-40% 67 $3,485,000 $52,015
    Under 20% 61 $1,945,000 $31,885
    40-60% 42 $3,620,000 $86,190
    Over 100% 6 $1,380,000 $230,000

    Peru's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 245 originations, totaling $37,335,000 in origination value.