Peru Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Peru averaged 7.19% for the week of 2024-06-06, compared to the national average of 6.99% for the same period.

The average rate for the prior week (2024-05-30) was 7.13% and one month ago for the week of 2024-05-02, the average rate was 7.32%.

Peru's average rate one year ago was 7.09%.

For refis of the same type during the week of 2024-06-06, the average rate was 7.39%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-06 6.99%
Peru 30 Year Fixed Rate 2024-06-06 7.19%
Peru 30 Year Fixed Rate Refi 2024-06-06 7.39%
Peru 15 Year Fixed Rate 2024-06-06 6.19%
Peru 15 Year Fixed Rate Refi 2024-06-06 6.69%
Peru 30 Year FHA 2024-06-06 7.13%
Peru 30 Year FHA Refi 2024-06-06 6.79%
Peru 30 Year USDA 2024-06-06 6.7%
Peru 30 Year USDA Refi 2024-06-06 6.8%
Peru 30 Year VA 2024-06-06 6.19%
Peru 30 Year VA Refi 2024-06-06 6.39%
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
2024-04-01 $136,200 (0.2%) $161,666 (-10.0%) 0.00 31
2024-05-01 $139,950 (-21.5%) $164,224 (-17.3%) 0.00 30
Peru's median listing price for 2024-05-01 was $139,950, a difference of $-38,250 (-21.5%) versus the prior year and $3,750 versus the prior month.

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

Peru's average listing price for 2024-05-01 was $164,224, a difference of $-34,306 (-17.3%) versus the prior year and $2,558 versus the prior month.

For the 2024-05-01 period, Peru had 30 MLS listings, a difference of -1 listings (-3%) versus the prior month and 2 listings (7%) 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
2024-04-01 0 days 1,454 sqft
2024-05-01 0 days 1,440 sqft
Peru's median listing age (time on market) for 2024-05-01 was 0 days.

Peru's median square footage for active listings during the 2024-05-01 period was 1,440 sqft. One year prior, the average listing was 1,727 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.