Plymouth Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Plymouth averaged 7.41% for the week of 2024-06-20, compared to the national average of 6.87% for the same period.

The average rate for the prior week (2024-06-13) was 7.39% and one month ago for the week of 2024-05-16, the average rate was 7.46%.

Plymouth's average rate one year ago was 6.93%.

For refis of the same type during the week of 2024-06-20, the average rate was 6.97%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-20 6.87%
Plymouth 30 Year Fixed Rate 2024-06-20 7.41%
Plymouth 30 Year Fixed Rate Refi 2024-06-20 6.97%
Plymouth 15 Year Fixed Rate 2024-06-20 6.33%
Plymouth 15 Year Fixed Rate Refi 2024-06-20 6.53%
Plymouth 30 Year FHA 2024-06-20 0.44%
Plymouth 30 Year FHA Refi 2024-06-20 0.1%
Plymouth 30 Year USDA 2024-06-20 -0.2%
Plymouth 30 Year USDA Refi 2024-06-20 0.2%
Plymouth 30 Year VA 2024-06-20 -0.2%
Plymouth 30 Year VA Refi 2024-06-20 0%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Plymouth, IN.

Plymouth 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 Plymouth, 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
First Federal Savings Bank 74 7.49% $2,787
RUOFF MORTGAGE COMPANY, INC. 44 6.97% $3,232
TEACHERS CREDIT UNION 23 7.11% $2,599
QUICKEN LOANS, LLC 18 6.84% $5,714
1st Source Bank 18 7.17% $3,018
INTERRA CREDIT UNION 16 6.67% $3,204
HALLMARK HOME MORTGAGE, LLC 15 7.03% $4,723
Notre Dame Federal Credit Union Corporation 8 7.09% $4,551
CARDINAL FINANCIAL 7 7.09% $5,305
UNITED WHOLESALE MORTGAGE, LLC 7 6.83% $4,816
Centier Bank 7 7.43% $1,442
JPMorgan Chase Bank 6 6.69% $9,282
Lake City Bank 6 6.71% $3,173
BEACON CREDIT UNION 5 6.65% $2,397
CHURCHILL MORTGAGE CORPORATION 5 7.32% $5,323
Farm Credit Mid-America, ACA 4 7.03% $6,929
First Merchants Bank 3 6.83% $3,534
MEMBER FIRST MORTGAGE, LLC 3 7.17% $3,159
First Farmers Bank and Trust Company 3 8.00% $1,965
UNION HOME MORTGAGE CORP. 3 7.21% $4,365
CROSSCOUNTRY MORTGAGE, LLC 2 6.79% $7,066
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 7.06% $4,072
AMERISAVE MORTGAGE CORPORATION 2 6.13% $9,003
Bank of America 2 6.75% $8,386
Flagstar Bank, FSB 2 7.25% $6,013
FORT FINANCIAL Federal Credit Union 2 6.50% $2,928
KeyBank 2 6.81% $2,436
Mortgage Research Center, LLC 2 7.63% $4,099
PURDUE FEDERAL CREDIT UNION 2 6.25% $1,433
Security Federal Savings Bank 2 6.00% $2,310
The Huntington National Bank 2 6.88% $4,291
USAA Federal Savings Bank 2 7.31% $2,719
Wells Fargo Bank 2 8.31% $3,697
AMERICAN FINANCING CORPORATION 1 7.38% $6,733
VAN DYK MORTGAGE CORPORATION 1 6.75% $3,540
FREEDOM MORTGAGE CORPORATION 1 7.25% $9,491
GENEVA FINANCIAL, LLC 1 6.25% $2,719
GUILD MORTGAGE COMPANY 1 7.25% $5,176
Discover Bank 1 6.24% $0
Horizon Bank 1 7.13% $2,638
COMPASS MORTGAGE, INC. 1 8.13% $6,862
BROKER SOLUTIONS, INC. 1 7.50% $9,099
Three Rivers Federal Credit Union 1 6.50% $2,478
KINECTA 1 6.13% $3,737
BMO Harris Bank 1 6.50% $3,372
LENOX FINANCIAL MORTGAGE CORPORATION 1 6.88% $3,921
LOANDEPOT.COM, LLC 1 7.50% $6,991
Associated Bank 1 7.63% $2,858
Abound Federal Credit Union 1 7.63% $2,155
Mr. Cooper ( Nationstar Mortgage ) 1 8.13% $5,629
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.88% $4,087
NAVY FEDERAL CREDIT UNION 1 7.25% $645
North American Savings Bank, F.S.B. 1 8.00% $11,555
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.25% $3,016
Old National Bank 1 7.38% $2,513
PENNYMAC LOAN SERVICES, LLC 1 7.62% $6,530
Plains Commerce Bank 1 6.38% $2,333
PLANET HOME LENDING, LLC 1 7.50% $4,429
UNITED 1 8.50% $2,818
AmeriHome Mortgage Company, LLC 1 7.63% $5,071
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 8.13% $3,874
21ST MORTGAGE CORPORATION 1 11.95% $4,199
STOCKTON MORTGAGE CORPORATION 1 6.38% $2,897
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.99% $3,649
Fifth Third Bank 1 7.75% $2,600
FIRST CENTENNIAL MORTGAGE CORPORATION 1 5.88% $2,681
FIRST COMMUNITY MORTGAGE, INC. 1 6.88% $8,388
EVERENCE FEDERAL CREDIT UNION 1 7.25% $2,894
First Federal Savings Bank 1 6.00% $2,019
ENDEAVOR CAPITAL, LLC. 1 7.50% $4,429
Elements Financial Federal Credit Union 1 6.50% $4,888
First National Bank of America 1 9.38% $6,323

Plymouth Average Closing Costs & Other Stats

Plymouth, IN's 72 lenders originated 988 loans during 2023. The total origination value was $148,940,000, with an average loan value of $150,749.

Plymouth's average closing costs are $3,520.

The top Plymouth lender as defined by loan originations is First Federal Savings Bank, with 74 loans originated. Their average total fees are $2,787, which is $446 lower than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

The lowest fee Plymouth lenders (with over 10 loans originated) are TEACHERS CREDIT UNION ($2,599), First Federal Savings Bank ($2,787), 1st Source Bank ($3,018), INTERRA CREDIT UNION ($3,204) and RUOFF MORTGAGE COMPANY, INC. ($3,232).

The lowest rate Plymouth lenders (with over 10 loans originated) are INTERRA CREDIT UNION (6.67%), QUICKEN LOANS, LLC (6.84%), RUOFF MORTGAGE COMPANY, INC. (6.97%), HALLMARK HOME MORTGAGE, LLC (7.03%) and TEACHERS CREDIT UNION (7.11%).

Plymouth, 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
First Federal Savings Bank $290,000 $18,520,000 6,286.2% 12.4%
RUOFF MORTGAGE COMPANY, INC. $20,350,000 $14,555,000 -28.5% 9.8%
Lake City Bank $17,190,000 $13,480,000 -21.6% 9.1%
1st Source Bank $12,515,000 $11,805,000 -5.7% 7.9%
TEACHERS CREDIT UNION $11,190,000 $8,900,000 -20.5% 6.0%
INTERRA CREDIT UNION $5,335,000 $5,980,000 12.1% 4.0%
QUICKEN LOANS, LLC $5,460,000 $5,670,000 3.8% 3.8%
HALLMARK HOME MORTGAGE, LLC $1,495,000 $4,380,000 193.0% 2.9%
First Merchants Bank $4,455,000 $3,840,000 -13.8% 2.6%
JPMorgan Chase Bank $2,080,000 $3,650,000 75.5% 2.5%
CARDINAL FINANCIAL $7,015,000 $3,585,000 -48.9% 2.4%
Notre Dame Federal Credit Union Corporation $2,615,000 $3,315,000 26.8% 2.2%
Mortgage Research Center, LLC $2,330,000 $3,110,000 33.5% 2.1%
Bank of Pontiac $3,085,000 n/a 2.1%
Centier Bank $4,220,000 $2,660,000 -37.0% 1.8%
UNITED WHOLESALE MORTGAGE, LLC $2,445,000 $2,120,000 -13.3% 1.4%
BEACON CREDIT UNION $1,310,000 $1,840,000 40.5% 1.2%
First Farmers Bank and Trust Company $2,000,000 $1,455,000 -27.3% 1.0%
CHURCHILL MORTGAGE CORPORATION $300,000 $1,435,000 378.3% 1.0%
UNION HOME MORTGAGE CORP. $625,000 $1,380,000 120.8% 0.9%
Bank of America $3,630,000 $1,225,000 -66.3% 0.8%
Farm Credit Mid-America, ACA $1,960,000 $1,175,000 -40.1% 0.8%
Horizon Bank $1,525,000 $1,130,000 -25.9% 0.8%
CROSSCOUNTRY MORTGAGE, LLC $745,000 $975,000 30.9% 0.7%
KeyBank $1,055,000 $855,000 -19.0% 0.6%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $825,000 $835,000 1.2% 0.6%
AMERISAVE MORTGAGE CORPORATION $1,090,000 $830,000 -23.9% 0.6%
NAVY FEDERAL CREDIT UNION $1,390,000 $795,000 -42.8% 0.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $640,000 $730,000 14.1% 0.5%
First American Bank $205,000 $715,000 248.8% 0.5%
KINECTA $715,000 n/a 0.5%
FREEDOM MORTGAGE CORPORATION $880,000 $705,000 -19.9% 0.5%
PENNYMAC LOAN SERVICES, LLC $1,065,000 $695,000 -34.7% 0.5%
PNC Bank $2,120,000 $680,000 -67.9% 0.5%
Prosperity Home Mortgage, LLC $680,000 n/a 0.5%
Flagstar Bank, FSB $580,000 $625,000 7.8% 0.4%
LOANDEPOT.COM, LLC $1,900,000 $605,000 -68.2% 0.4%
USAA Federal Savings Bank $645,000 $605,000 -6.2% 0.4%
MUTUAL OF OMAHA MORTGAGE, INC. $590,000 n/a 0.4%
The Campbell & Fetter Bank $805,000 $565,000 -29.8% 0.4%
PURDUE FEDERAL CREDIT UNION $535,000 n/a 0.4%
Security Federal Savings Bank $55,000 $530,000 863.6% 0.4%
The Huntington National Bank $2,800,000 $510,000 -81.8% 0.3%
Paramount Residential Mortgage Group, Inc. $490,000 n/a 0.3%
V.I.P. MORTGAGE, INC. $265,000 $485,000 83.0% 0.3%
FORT FINANCIAL Federal Credit Union $160,000 $470,000 193.8% 0.3%
PLAZA HOME MORTGAGE, INC. $545,000 $440,000 -19.3% 0.3%
First Federal Savings Bank $290,000 $420,000 44.8% 0.3%
GUARANTEED RATE, INC. $2,960,000 $410,000 -86.1% 0.3%
Home Bank SB $405,000 n/a 0.3%
State Department Federal Credit Union $405,000 n/a 0.3%
BMO Harris Bank $105,000 $400,000 281.0% 0.3%
Discover Bank $35,000 $390,000 1,014.3% 0.3%
ROYAL UNITED MORTGAGE LLC $375,000 $375,000 0.0% 0.3%
MEMBER FIRST MORTGAGE, LLC $305,000 $370,000 21.3% 0.2%
North American Savings Bank, F.S.B. $205,000 $365,000 78.0% 0.2%
BROKER SOLUTIONS, INC. $590,000 $360,000 -39.0% 0.2%
Old National Bank $1,725,000 $350,000 -79.7% 0.2%
Third Federal Savings and Loan Association of Cleveland $350,000 n/a 0.2%
21ST MORTGAGE CORPORATION $305,000 $345,000 13.1% 0.2%
FIRST COMMUNITY MORTGAGE, INC. $345,000 n/a 0.2%
Magnolia Bank $345,000 n/a 0.2%
VAN DYK MORTGAGE CORPORATION $335,000 n/a 0.2%
UNITED $505,000 $315,000 -37.6% 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $310,000 n/a 0.2%
Sierra Pacific Mortgage Company, Inc. $295,000 n/a 0.2%
HOMESTAR FINANCIAL CORPORATION $285,000 n/a 0.2%
LENOX FINANCIAL MORTGAGE CORPORATION $285,000 n/a 0.2%
ENDEAVOR CAPITAL, LLC. $280,000 n/a 0.2%
Mr. Cooper ( Nationstar Mortgage ) $1,730,000 $280,000 -83.8% 0.2%
AMERICAN FINANCING CORPORATION $240,000 $275,000 14.6% 0.2%
Associated Bank $255,000 n/a 0.2%
Wells Fargo Bank $255,000 $230,000 -9.8% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $225,000 n/a 0.2%
Elements Financial Federal Credit Union $175,000 $225,000 28.6% 0.2%
Loan Simple, Inc. $220,000 n/a 0.1%
Ally Bank $215,000 n/a 0.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $215,000 n/a 0.1%
Carrington Mortgage Services, LLC $880,000 $210,000 -76.1% 0.1%
Fifth Third Bank $710,000 $210,000 -70.4% 0.1%
STOCKTON MORTGAGE CORPORATION $210,000 n/a 0.1%
U.S. Bank $2,725,000 $205,000 -92.5% 0.1%
Northwest Bank $150,000 $200,000 33.3% 0.1%
GUILD MORTGAGE COMPANY $190,000 n/a 0.1%
LAKE MICHIGAN CREDIT UNION $185,000 n/a 0.1%
COMPASS MORTGAGE, INC. $185,000 $175,000 -5.4% 0.1%
CLEARPATH LENDING $165,000 $165,000 0.0% 0.1%
Plains Commerce Bank $105,000 $165,000 57.1% 0.1%
INOVA FEDERAL CREDIT UNION $575,000 $155,000 -73.0% 0.1%
DeMotte State Bank $125,000 $145,000 16.0% 0.1%
DIRECT MORTGAGE LOANS, LLC $125,000 $145,000 16.0% 0.1%
First National Bank of America $145,000 n/a 0.1%
PLANET HOME LENDING, LLC $145,000 n/a 0.1%
ACADEMY MORTGAGE CORPORATION $180,000 $140,000 -22.2% 0.1%
Abound Federal Credit Union $135,000 n/a 0.1%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $125,000 n/a 0.1%
EVERENCE FEDERAL CREDIT UNION $160,000 $125,000 -21.9% 0.1%
FIRST CENTENNIAL MORTGAGE CORPORATION $265,000 $125,000 -52.8% 0.1%
GENEVA FINANCIAL, LLC $230,000 $125,000 -45.7% 0.1%
GVC MORTGAGE, INC. $370,000 $125,000 -66.2% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $125,000 n/a 0.1%
Three Rivers Federal Credit Union $400,000 $125,000 -68.8% 0.1%
Citizens Bank $75,000 $105,000 40.0% 0.1%
FINANCE OF AMERICA REVERSE LLC $330,000 $105,000 -68.2% 0.1%
LOANPAL, LLC $175,000 $105,000 -40.0% 0.1%
Bethpage Federal Credit Union $85,000 n/a 0.1%
TECH Credit Union $85,000 n/a 0.1%
Mid-Continent Funding, Inc. $235,000 $75,000 -68.1% 0.1%
AmeriHome Mortgage Company, LLC $65,000 n/a 0.0%
Old Second National Bank $55,000 n/a 0.0%
Figure Lending LLC $65,000 $25,000 -61.5% 0.0%
GREAT LAKES $340,000 $25,000 -92.6% 0.0%
Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $15,000 n/a 0.0%

Plymouth's top lender by overall market share is First Federal Savings Bank, with 12.4% market share. In second place, with 9.8%, is RUOFF MORTGAGE COMPANY, INC., having originated $14,555,000 in loans. In third place, with 9.1%, is Lake City Bank, having originated $13,480,000 in loans. In fourth place, with 7.9%, is 1st Source Bank, having originated $11,805,000 in loans. In fifth place, with 6.0%, is TEACHERS CREDIT UNION, having originated $8,900,000 in loans.

Plymouth, IN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 432 $89,720,000 $207,685
Cash Out Refi 166 $20,210,000 $121,747
Other 150 $13,630,000 $90,867
Refi 135 $17,475,000 $129,444
Home Improvement 105 $7,905,000 $75,286

Plymouth's most frequently cited loan purpose was Home Purchase, with 432 originations. The 2nd most popular reason was Cash Out Refi, with 166 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
Over 8% 332 $30,830,000 $92,861
7-8% 284 $46,470,000 $163,627
6-7% 261 $54,615,000 $209,253
5-6% 55 $12,185,000 $221,545
<2.5% 40 $1,830,000 $45,750
4-5% 9 $1,795,000 $199,444
2.5-3% 2 $100,000 $50,000

During 2023, Plymouth's most frequently originated rate bucket was Over 8%, with 332 originations.

Loan Sizing (Plymouth, IN MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 416 $20,870,000 $50,168
$100k-200k 323 $47,285,000 $146,393
$200k-400k 209 $55,205,000 $264,139
$400k-600k 29 $13,735,000 $473,621
$600k-1000k 7 $5,195,000 $742,143
$Over $1MM 4 $6,650,000 $1,662,500

Plymouth's loan sizing saw the bucket of loans from $100,000 or less with 416 originations, totaling $20,870,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 308 $66,900,000 $217,208
Under 20% 218 $8,900,000 $40,826
60-80% 180 $37,470,000 $208,167
20-40% 173 $15,455,000 $89,335
40-60% 95 $16,495,000 $173,632
Over 100% 6 $2,220,000 $370,000

Plymouth's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 308 originations, totaling $66,900,000 in origination value.