Portsmouth Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Portsmouth averaged 7.27% for the week of 2023-11-30, compared to the national average of 7.22% for the same period.

    The average rate for the prior week (2023-11-22) was 7.04% and one month ago for the week of 2023-10-26, the average rate was 7.44%.

    Portsmouth's average rate one year ago was 6.53%.

    For refis of the same type during the week of 2023-11-30, the average rate was 7.62%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-11-30 7.22%
    Portsmouth 30 Year Fixed Rate 2023-11-30 7.27%
    Portsmouth 30 Year Fixed Rate Refi 2023-11-30 7.62%
    Portsmouth 15 Year Fixed Rate 2023-11-30 6.66%
    Portsmouth 15 Year Fixed Rate Refi 2023-11-30 6.86%
    Portsmouth 30 Year FHA 2023-11-30 6.97%
    Portsmouth 30 Year FHA Refi 2023-11-30 6.85%
    Portsmouth 30 Year USDA 2023-11-30 7.2%
    Portsmouth 30 Year USDA Refi 2023-11-30 7.1%
    Portsmouth 30 Year VA 2023-11-30 6.77%
    Portsmouth 30 Year VA Refi 2023-11-30 6.97%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Portsmouth, OH.

    Portsmouth 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 Portsmouth, 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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    DESCO 70 4.93% $2,990
    Fifth Third Bank 64 5.29% $3,531
    U.S. Bank 57 4.98% $4,283
    Peoples Bank 29 5.43% $2,767
    QUICKEN LOANS, LLC 18 5.25% $5,741
    WesBanco 15 4.92% $4,721
    MOVEMENT MORTGAGE, LLC 13 5.41% $5,239
    City National Bank of West Virginia 9 4.19% $1,702
    The Ohio Valley Bank Company 9 5.38% $4,057
    PNC Bank 9 4.72% $3,825
    Hometown Lenders, Inc. 8 5.58% $4,505
    BAYSHORE MORTGAGE FUNDING, LLC 7 5.29% $5,757
    POLARIS HOME FUNDING CORP. 7 4.80% $5,706
    Citizens Bank 7 4.66% $3,842
    JPMorgan Chase Bank 6 5.79% $2,641
    Farm Credit Mid-America, ACA 5 4.78% $7,290
    Ally Bank 4 4.78% $4,847
    EQUITY RESOURCES, INC. 4 4.34% $3,478
    The Huntington National Bank 4 5.21% $4,096
    NFM, INC. 3 5.79% $5,649
    First State Bank 3 4.67% $2,800
    Mr. Cooper ( Nationstar Mortgage ) 3 4.91% $4,753
    Civista Bank 2 5.88% $3,074
    THE VINTON COUNTY NATIONAL BANK 2 3.94% $2,705
    AMERISAVE MORTGAGE CORPORATION 2 5.25% $7,395
    Flagstar Bank, FSB 2 5.12% $4,798
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.68% $4,846
    Bank of America 2 5.38% $5,539
    STOCKTON MORTGAGE CORPORATION 2 5.25% $3,834
    First Option Mortgage, LLC 2 5.81% $2,795
    LOANPAL, LLC 1 3.99% $4,207
    MORTGAGE ACCESS CORP. 1 3.88% $3,803
    BETTER MORTGAGE CORPORATION 1 3.13% $3,854
    NAVY FEDERAL CREDIT UNION 1 6.38% $5,406
    NETWORK CAPITAL FUNDING CORPORATION 1 3.50% $3,659
    NEWREZ LLC 1 4.88% $3,436
    Northwest Bank 1 4.38% $4,846
    Paramount Residential Mortgage Group, Inc. 1 7.63% $4,754
    PENNYMAC LOAN SERVICES, LLC 1 5.62% $6,512
    Bank of Springfield 1 4.20% $2,267
    PLANET HOME LENDING, LLC 1 3.75% $1,845
    ASHLAND Credit Union 1 5.13% $5,131
    ROYAL UNITED MORTGAGE LLC 1 6.00% $6,327
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.25% $5,055
    AmeriHome Mortgage Company, LLC 1 4.25% $7,059
    Third Federal Savings and Loan Association of Cleveland 1 3.89% $3,427
    THRIVE MORTGAGE, LLC 1 3.50% $4,308
    UNION HOME MORTGAGE CORP. 1 7.13% $3,906
    AMERICAN FINANCING CORPORATION 1 3.38% $4,784
    DAS Acquisition Company, LLC 1 5.63% $4,067
    Discover Bank 1 8.99% $0
    Community Trust Bank, Inc. 1 4.13% $3,649
    East Coast Capital Corp. 1 7.13% $11,319
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.75% $5,439
    Chicago Mortgage Solutions LLC 1 4.06% $8,238
    FIRST OHIO HOME FINANCE, INC. 1 5.75% $2,074
    FREEDOM MORTGAGE CORPORATION 1 5.75% $10,777
    GUARANTEED RATE AFFINITY, LLC 1 6.13% $4,070
    HOME POINT FINANCIAL CORPORATION 1 3.25% $1,237
    HOMESIDE FINANCIAL, LLC 1 6.00% $6,560
    CARDINAL FINANCIAL 1 2.75% $2,896
    BROKER SOLUTIONS, INC. 1 5.85% $5,662

    Portsmouth Average Closing Costs & Other Stats

    Portsmouth, OH's 62 lenders originated 1,266 loans during 2022. The total origination value was $165,250,000, with an average loan value of $130,529.

    Portsmouth's average closing costs are $4,297.

    The top Portsmouth lender as defined by loan originations is DESCO, with 70 loans originated. Their average total fees are $2,990, which is $541 lower than the next largest lender, Fifth Third Bank.

    The lowest fee Portsmouth lenders (with over 10 loans originated) are Peoples Bank ($2,767), DESCO ($2,990), Fifth Third Bank ($3,531), U.S. Bank ($4,283) and WesBanco ($4,721).

    The lowest rate Portsmouth lenders (with over 10 loans originated) are WesBanco (4.92%), DESCO (4.93%), U.S. Bank (4.98%), QUICKEN LOANS, LLC (5.25%) and Fifth Third Bank (5.29%).

    Portsmouth, 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    DESCO $41,865,000 $18,860,000 -55.0% 11.4%
    Fifth Third Bank $24,065,000 $16,495,000 -31.5% 10.0%
    U.S. Bank $18,620,000 $15,410,000 -17.2% 9.3%
    ATOMIC CREDIT UNION, INC. $6,265,000 $10,075,000 60.8% 6.1%
    QUICKEN LOANS, LLC $20,780,000 $9,085,000 -56.3% 5.5%
    Peoples Bank $13,675,000 $7,315,000 -46.5% 4.4%
    WesBanco Bank, Inc. $8,140,000 $7,105,000 -12.7% 4.3%
    MOVEMENT MORTGAGE, LLC $2,720,000 $4,810,000 76.8% 2.9%
    Citizens Bank $5,115,000 $4,740,000 -7.3% 2.9%
    PNC Bank $5,450,000 $4,615,000 -15.3% 2.8%
    BAYSHORE MORTGAGE FUNDING, LLC $4,220,000 $4,175,000 -1.1% 2.5%
    Mortgage Research Center, LLC $3,675,000 $3,975,000 8.2% 2.4%
    Farm Credit Mid-America, ACA $2,500,000 $3,605,000 44.2% 2.2%
    POLARIS HOME FUNDING CORP. $4,415,000 $3,455,000 -21.7% 2.1%
    Hometown Lenders, Inc. $4,140,000 $3,270,000 -21.0% 2.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $1,510,000 $2,660,000 76.2% 1.6%
    The Ohio Valley Bank Company $1,810,000 $2,505,000 38.4% 1.5%
    Flagstar Bank, FSB $55,000 $1,950,000 3,445.5% 1.2%
    MYCUMORTGAGE, LLC $2,755,000 $1,945,000 -29.4% 1.2%
    The Huntington National Bank $9,295,000 $1,650,000 -82.2% 1.0%
    City National Bank of West Virginia $1,730,000 $1,580,000 -8.7% 1.0%
    JPMorgan Chase Bank $520,000 $1,545,000 197.1% 0.9%
    First Option Mortgage, LLC $1,200,000 $1,410,000 17.5% 0.9%
    EQUITY RESOURCES, INC. $1,035,000 $1,375,000 32.9% 0.8%
    UNION HOME MORTGAGE CORP. $1,115,000 $1,195,000 7.2% 0.7%
    PLANET HOME LENDING, LLC $225,000 $1,100,000 388.9% 0.7%
    AMERICAN FINANCIAL RESOURCES, INC. $2,220,000 $1,075,000 -51.6% 0.7%
    First State Bank $180,000 $950,000 427.8% 0.6%
    MEMBERS CHOICE $875,000 $945,000 8.0% 0.6%
    UNITED WHOLESALE MORTGAGE, LLC $1,445,000 $925,000 -36.0% 0.6%
    AMERISAVE MORTGAGE CORPORATION $1,425,000 $850,000 -40.4% 0.5%
    Ally Bank $560,000 $720,000 28.6% 0.4%
    FREEDOM MORTGAGE CORPORATION $2,990,000 $690,000 -76.9% 0.4%
    NEW DAY FINANCIAL, LLC $1,105,000 $685,000 -38.0% 0.4%
    NAVY FEDERAL CREDIT UNION $675,000 n/a 0.4%
    PENNYMAC LOAN SERVICES, LLC $1,375,000 $675,000 -50.9% 0.4%
    Community Trust Bank, Inc. $1,550,000 $635,000 -59.0% 0.4%
    Paramount Residential Mortgage Group, Inc. $225,000 $605,000 168.9% 0.4%
    Northwest Bank $595,000 n/a 0.4%
    CALIBER HOME LOANS, INC. $2,030,000 $585,000 -71.2% 0.4%
    DAS Acquisition Company, LLC $935,000 $580,000 -38.0% 0.4%
    Bank of America $570,000 n/a 0.3%
    BROKER SOLUTIONS, INC. $890,000 $570,000 -36.0% 0.3%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $405,000 $530,000 30.9% 0.3%
    GUARANTEED RATE AFFINITY, LLC $520,000 n/a 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $1,235,000 $520,000 -57.9% 0.3%
    Kentucky Farmers Bank Corporation $1,875,000 $495,000 -73.6% 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,100,000 $480,000 -56.4% 0.3%
    SOUTHWEST STAGE FUNDING, LLC $370,000 $475,000 28.4% 0.3%
    NFM, INC. $765,000 $465,000 -39.2% 0.3%
    USAA Federal Savings Bank $1,210,000 $450,000 -62.8% 0.3%
    THE VINTON COUNTY NATIONAL BANK $2,495,000 $440,000 -82.4% 0.3%
    LOANDEPOT.COM, LLC $3,570,000 $435,000 -87.8% 0.3%
    HOMESIDE FINANCIAL, LLC $465,000 $430,000 -7.5% 0.3%
    GUILD MORTGAGE COMPANY $135,000 $390,000 188.9% 0.2%
    HOME POINT FINANCIAL CORPORATION $1,045,000 $380,000 -63.6% 0.2%
    STOCKTON MORTGAGE CORPORATION $355,000 $370,000 4.2% 0.2%
    Third Federal Savings and Loan Association of Cleveland $400,000 $355,000 -11.3% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $185,000 $330,000 78.4% 0.2%
    21ST MORTGAGE CORPORATION $315,000 $315,000 0.0% 0.2%
    SOUTHWEST FUNDING, LP $105,000 $310,000 195.2% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $165,000 $305,000 84.8% 0.2%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $295,000 n/a 0.2%
    CMG MORTGAGE, INC. $55,000 $295,000 436.4% 0.2%
    Pathways Financial Credit Union, Inc. $410,000 $275,000 -32.9% 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $585,000 $270,000 -53.8% 0.2%
    Nations Lending Corporation $105,000 $260,000 147.6% 0.2%
    RAPID MORTGAGE COMPANY $895,000 $260,000 -70.9% 0.2%
    Carrington Mortgage Services, LLC $395,000 $255,000 -35.4% 0.2%
    AMERICAN FINANCING CORPORATION $250,000 n/a 0.2%
    LOANPAL, LLC $240,000 n/a 0.1%
    Summit Community Bank, Inc. $230,000 n/a 0.1%
    First Grayson Bancorp Inc. $225,000 n/a 0.1%
    NEWREZ LLC $580,000 $220,000 -62.1% 0.1%
    TOP FLITE FINANCIAL, INC. $210,000 n/a 0.1%
    APCI Federal Credit Union $205,000 n/a 0.1%
    Chicago Mortgage Solutions LLC $185,000 $205,000 10.8% 0.1%
    Figure Lending LLC $165,000 $205,000 24.2% 0.1%
    PRIORITY MORTGAGE CORP. $205,000 n/a 0.1%
    TRIAD FINANCIAL SERVICES, INC. $200,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $1,320,000 $195,000 -85.2% 0.1%
    RiverHills Bank $195,000 n/a 0.1%
    GUARANTEED RATE, INC. $95,000 $185,000 94.7% 0.1%
    THRIVE MORTGAGE, LLC $210,000 $185,000 -11.9% 0.1%
    NATIONS RELIABLE LENDING, LLC $85,000 $175,000 105.9% 0.1%
    AmeriHome Mortgage Company, LLC $165,000 n/a 0.1%
    NETWORK CAPITAL FUNDING CORPORATION $155,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $155,000 $155,000 0.0% 0.1%
    FIRST OHIO HOME FINANCE, INC. $150,000 n/a 0.1%
    GENERAL ELECTRIC CREDIT UNION $140,000 n/a 0.1%
    MORIA DEVELOPMENT, INC. $90,000 $140,000 55.6% 0.1%
    Bank of England $125,000 n/a 0.1%
    COMMUNITYAMERICA $125,000 n/a 0.1%
    East Coast Capital Corp. $125,000 n/a 0.1%
    EVERETT FINANCIAL, INC. $125,000 n/a 0.1%
    NATIONWIDE MORTGAGE BANKERS, INC. $125,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $125,000 n/a 0.1%
    Equity Prime Mortgage LLC $115,000 n/a 0.1%
    MORTGAGE ACCESS CORP. $235,000 $115,000 -51.1% 0.1%
    RUOFF MORTGAGE COMPANY, INC. $375,000 $115,000 -69.3% 0.1%
    The Federal Savings Bank $725,000 $115,000 -84.1% 0.1%
    Sharefax Credit Union $105,000 n/a 0.1%
    Union Savings Bank $125,000 $105,000 -16.0% 0.1%
    Civista Bank $255,000 $90,000 -64.7% 0.1%
    ASHLAND Credit Union $200,000 $85,000 -57.5% 0.1%
    RESIDENTIAL BANCORP. $155,000 $85,000 -45.2% 0.1%
    ROYAL UNITED MORTGAGE LLC $660,000 $85,000 -87.1% 0.1%
    UNITED HOME LOANS, INC. $85,000 n/a 0.1%
    Victorian Finance, LLC $85,000 n/a 0.1%
    VILLAGE CAPITAL MORTGAGE $525,000 $75,000 -85.7% 0.0%
    Wells Fargo Bank $550,000 $65,000 -88.2% 0.0%
    UNIVERSAL 1 CREDIT UNION $65,000 $55,000 -15.4% 0.0%
    Bank of Springfield $45,000 n/a 0.0%
    The Farmers Bank & Savings Company $45,000 n/a 0.0%
    The Savings Bank $95,000 $45,000 -52.6% 0.0%
    Discover Bank $130,000 $35,000 -73.1% 0.0%
    Liberty Savings Bank, F.S.B. $440,000 $35,000 -92.0% 0.0%
    MidAmerica National Bank $35,000 n/a 0.0%
    TELHIO $25,000 n/a 0.0%
    Truliant Federal Credit Union $25,000 n/a 0.0%

    Portsmouth's top lender by overall market share is DESCO, with 11.4% market share. In second place, with 10.0%, is Fifth Third Bank, having originated $16,495,000 in loans. In third place, with 9.3%, is U.S. Bank, having originated $15,410,000 in loans. In fourth place, with 6.1%, is ATOMIC CREDIT UNION, INC., having originated $10,075,000 in loans. In fifth place, with 5.5%, is QUICKEN LOANS, LLC, having originated $9,085,000 in loans.

    Portsmouth, OH Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 726 $109,480,000 $150,799
    Cash Out Refi 201 $24,485,000 $121,816
    Refi 153 $17,755,000 $116,046
    Home Improvement 98 $6,160,000 $62,857
    Other 88 $7,370,000 $83,750

    Portsmouth's most frequently cited loan purpose was Home Purchase, with 726 originations. The 2nd most popular reason was Cash Out Refi, with 201 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 321 $44,685,000 $139,206
    3-4% 239 $32,935,000 $137,803
    4-5% 236 $33,580,000 $142,288
    6-7% 173 $21,725,000 $125,578
    2.5-3% 65 $7,965,000 $122,538
    7-8% 55 $5,835,000 $106,091
    Over 8% 43 $2,785,000 $64,767
    <2.5% 40 $4,340,000 $108,500

    During 2022, Portsmouth's most frequently originated rate bucket was 5-6%, with 321 originations.

    Loan Sizing (Portsmouth, OH MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 560 $34,670,000 $61,911
    $100k-200k 502 $71,630,000 $142,689
    $200k-400k 182 $46,890,000 $257,637
    $400k-600k 17 $7,605,000 $447,353
    $600k-1000k 4 $3,390,000 $847,500
    $Over $1MM 1 $1,065,000 $1,065,000

    Portsmouth's loan sizing saw the bucket of loans from $100,000 or less with 560 originations, totaling $34,670,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 595 $92,745,000 $155,874
    60-80% 281 $37,105,000 $132,046
    20-40% 116 $8,010,000 $69,052
    40-60% 92 $9,650,000 $104,891
    Under 20% 55 $1,755,000 $31,909
    Over 100% 19 $3,305,000 $173,947

    Portsmouth's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 595 originations, totaling $92,745,000 in origination value.