Richmond Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Richmond averaged 6.98% for the week of 2024-07-03, compared to the national average of 6.95% for the same period.

The average rate for the prior week (2024-06-27) was 6.89% and one month ago for the week of 2024-05-30, the average rate was 7.16%.

Richmond's average rate one year ago was 6.54%.

For refis of the same type during the week of 2024-07-03, the average rate was 7.05%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-03 6.95%
Richmond 30 Year Fixed Rate 2024-07-03 6.98%
Richmond 30 Year Fixed Rate Refi 2024-07-03 7.05%
Richmond 15 Year Fixed Rate 2024-07-03 6.45%
Richmond 15 Year Fixed Rate Refi 2024-07-03 6.85%
Richmond 30 Year FHA 2024-07-03 7.04%
Richmond 30 Year FHA Refi 2024-07-03 6.52%
Richmond 30 Year USDA 2024-07-03 6.74%
Richmond 30 Year USDA Refi 2024-07-03 6.94%
Richmond 30 Year VA 2024-07-03 6.38%
Richmond 30 Year VA Refi 2024-07-03 6.28%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Richmond, IN.

Richmond 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 Richmond, 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 Financial Bank 84 6.82% $2,703
First Bank Richmond 80 6.26% $3,125
Three Rivers Federal Credit Union 57 6.91% $2,890
JPMorgan Chase Bank 28 7.12% $2,463
PRIMELENDING, A PLAINSCAPITAL COMPANY 24 6.94% $3,765
The Huntington National Bank 21 6.74% $2,823
NEWREZ LLC 21 7.18% $2,955
DAS Acquisition Company, LLC 11 6.83% $4,762
U.S. Bank 11 7.03% $3,198
The Farmers & Merchants State Bank 7 6.69% $4,901
Merchants Bank of Indiana 6 6.94% $3,071
QUICKEN LOANS, LLC 6 7.18% $4,058
Farm Credit Mid-America, ACA 6 7.17% $5,108
PNC Bank 5 6.88% $3,156
RUOFF MORTGAGE COMPANY, INC. 5 6.75% $1,372
Fifth Third Bank 5 6.85% $3,227
THRIVE MORTGAGE, LLC 5 6.80% $2,874
CALIBER HOME LOANS, INC. 4 6.72% $4,352
UNITED WHOLESALE MORTGAGE, LLC 4 6.87% $3,127
Mortgage Research Center, LLC 3 6.33% $1,484
MJW Financial LLC 3 6.50% $4,028
MYCUMORTGAGE, LLC 3 8.04% $4,020
CROSSCOUNTRY MORTGAGE, LLC 3 6.91% $4,870
First Merchants Bank 2 7.38% $2,819
AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.43% $3,677
AMERISAVE MORTGAGE CORPORATION 2 6.19% $6,999
Bank of America 2 7.19% $3,442
Carrington Mortgage Services, LLC 2 6.69% $4,911
Discover Bank 2 6.87% $0
FIRST COMMUNITY MORTGAGE, INC. 2 7.56% $4,191
V.I.P. MORTGAGE, INC. 2 6.99% $4,036
Wells Fargo Bank 2 7.00% $2,613
KEMBA CREDIT UNION, INC. 1 6.38% $3,448
LOANDEPOT.COM, LLC 1 6.63% $6,939
HALLMARK HOME MORTGAGE, LLC 1 6.99% $5,092
Minster Bank 1 6.38% $2,001
GVC MORTGAGE, INC. 1 7.60% $3,421
Greenville Federal 1 6.25% $2,476
Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $6,351
Flagstar Bank, FSB 1 7.63% $3,884
NAVY FEDERAL CREDIT UNION 1 7.13% $1,323
21ST MORTGAGE CORPORATION 1 9.80% $2,266
Northwest Federal Credit Union 1 5.38% $1,597
Old National Bank 1 7.00% $299
PENNYMAC LOAN SERVICES, LLC 1 8.00% $3,554
PHH Mortgage Corporation 1 7.00% $5,221
First Federal Savings Bank 1 6.63% $2,301
FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.00% $2,950
FCN Bank 1 6.38% $2,095
ROYAL UNITED MORTGAGE LLC 1 7.38% $4,945
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.99% $4,508
Somerville Bank 1 6.75% $2,635
STAR Financial Bank 1 6.25% $2,830
Sunflower Bank 1 6.99% $3,922
Community Trust Bank, Inc. 1 6.13% $1,561
CARDINAL FINANCIAL 1 6.99% $3,770
BROKER SOLUTIONS, INC. 1 6.75% $4,234
BMO Harris Bank 1 7.50% $3,192
Bank Five Nine 1 7.25% $2,269
ALLIED MORTGAGE GROUP, INC. 1 7.13% $1,460
WesBanco 1 7.25% $3,481
INDIANA MEMBERS CREDIT UNION 1 4.75% $2,223
Heritage Federal Credit Union 1 7.38% $2,573

Richmond Average Closing Costs & Other Stats

Richmond, IN's 63 lenders originated 1,159 loans during 2023. The total origination value was $1,170,735,000, with an average loan value of $1,010,125.

Richmond's average closing costs are $3,602.

The top Richmond lender as defined by loan originations is First Financial Bank, with 84 loans originated. Their average total fees are $2,703, which is $422 lower than the next largest lender, First Bank Richmond.

The lowest fee Richmond lenders (with over 10 loans originated) are JPMorgan Chase Bank ($2,463), First Financial Bank ($2,703), The Huntington National Bank ($2,823), Three Rivers Federal Credit Union ($2,890) and NEWREZ LLC ($2,955).

The lowest rate Richmond lenders (with over 10 loans originated) are First Bank Richmond (6.26%), The Huntington National Bank (6.74%), First Financial Bank (6.82%), DAS Acquisition Company, LLC (6.83%) and Three Rivers Federal Credit Union (6.91%).

Richmond, 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
Three Rivers Federal Credit Union $187,930,000 $1,043,525,000 455.3% 89.1%
First Bank Richmond $23,200,000 $22,215,000 -4.2% 1.9%
First Financial Bank $15,280,000 $15,630,000 2.3% 1.3%
NEWREZ LLC $475,000 $9,570,000 1,914.7% 0.8%
PRIMELENDING, A PLAINSCAPITAL COMPANY $9,105,000 $8,000,000 -12.1% 0.7%
Mortgage Research Center, LLC $3,025,000 $5,450,000 80.2% 0.5%
QUICKEN LOANS, LLC $9,645,000 $5,100,000 -47.1% 0.4%
WALKER & DUNLOP, LLC $2,525,000 $4,605,000 82.4% 0.4%
DAS Acquisition Company, LLC $2,990,000 $4,550,000 52.2% 0.4%
JPMorgan Chase Bank $3,995,000 $3,895,000 -2.5% 0.3%
The Huntington National Bank $6,120,000 $3,795,000 -38.0% 0.3%
U.S. Bank $7,025,000 $3,155,000 -55.1% 0.3%
The Farmers & Merchants State Bank $1,680,000 $2,120,000 26.2% 0.2%
Farm Credit Mid-America, ACA $2,825,000 $1,860,000 -34.2% 0.2%
Somerville Bank $585,000 $1,695,000 189.7% 0.1%
Merchants Bank of Indiana $1,445,000 $1,375,000 -4.8% 0.1%
THRIVE MORTGAGE, LLC $1,330,000 n/a 0.1%
LOANDEPOT.COM, LLC $1,275,000 $1,315,000 3.1% 0.1%
First Merchants Bank $1,600,000 $1,285,000 -19.7% 0.1%
RUOFF MORTGAGE COMPANY, INC. $1,180,000 $1,275,000 8.1% 0.1%
FREEDOM MORTGAGE CORPORATION $2,405,000 $1,165,000 -51.6% 0.1%
UNITED WHOLESALE MORTGAGE, LLC $1,110,000 $1,030,000 -7.2% 0.1%
Bath State Bank $875,000 $900,000 2.9% 0.1%
Greenville National Bank $3,110,000 $880,000 -71.7% 0.1%
PNC Bank $555,000 $875,000 57.7% 0.1%
MJW Financial LLC $200,000 $870,000 335.0% 0.1%
NEW DAY FINANCIAL, LLC $1,370,000 $850,000 -38.0% 0.1%
NAVY FEDERAL CREDIT UNION $570,000 $840,000 47.4% 0.1%
Fifth Third Bank $1,410,000 $830,000 -41.1% 0.1%
CROSSCOUNTRY MORTGAGE, LLC $240,000 $800,000 233.3% 0.1%
MYCUMORTGAGE, LLC $2,600,000 $800,000 -69.2% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $310,000 $790,000 154.8% 0.1%
PENNYMAC LOAN SERVICES, LLC $850,000 $690,000 -18.8% 0.1%
CALIBER HOME LOANS, INC. $16,965,000 $615,000 -96.4% 0.1%
AMERISAVE MORTGAGE CORPORATION $575,000 $605,000 5.2% 0.1%
BROKER SOLUTIONS, INC. $710,000 $585,000 -17.6% 0.0%
Blue Ridge Bank $560,000 n/a 0.0%
Bank of America $245,000 $425,000 73.5% 0.0%
CARDINAL FINANCIAL $955,000 $425,000 -55.5% 0.0%
Carrington Mortgage Services, LLC $555,000 $405,000 -27.0% 0.0%
Truist $385,000 n/a 0.0%
Century Mortgage Company DBA Century Lending Company $125,000 $370,000 196.0% 0.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,215,000 $365,000 -83.5% 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $575,000 $360,000 -37.4% 0.0%
Flagstar Bank, FSB $1,280,000 $340,000 -73.4% 0.0%
KEMBA CREDIT UNION, INC. $335,000 n/a 0.0%
Mr. Cooper ( Nationstar Mortgage ) $1,440,000 $335,000 -76.7% 0.0%
Northwest Federal Credit Union $325,000 n/a 0.0%
Discover Bank $55,000 $310,000 463.6% 0.0%
Union Savings And Loan Association $415,000 $310,000 -25.3% 0.0%
V.I.P. MORTGAGE, INC. $310,000 n/a 0.0%
Wells Fargo Bank $665,000 $310,000 -53.4% 0.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $295,000 n/a 0.0%
Elements Financial Federal Credit Union $330,000 $280,000 -15.2% 0.0%
First Federal Bank $275,000 n/a 0.0%
GUARANTEED RATE AFFINITY, LLC $245,000 n/a 0.0%
MOVEMENT MORTGAGE, LLC $245,000 n/a 0.0%
HOMESIDE FINANCIAL, LLC $240,000 n/a 0.0%
ZILLOW HOME LOANS, LLC $240,000 n/a 0.0%
1ST SIGNATURE LENDING, LLC $225,000 n/a 0.0%
PLANET HOME LENDING, LLC $230,000 $225,000 -2.2% 0.0%
POLARIS HOME FUNDING CORP. $750,000 $220,000 -70.7% 0.0%
ALLIED MORTGAGE GROUP, INC. $350,000 $215,000 -38.6% 0.0%
INSPIRE HOME LOANS INC. $1,785,000 $195,000 -89.1% 0.0%
STAR Financial Bank $95,000 $190,000 100.0% 0.0%
Community First Bank of Indiana $185,000 n/a 0.0%
OPEN MORTGAGE, LLC $185,000 n/a 0.0%
FIRST COMMUNITY MORTGAGE, INC. $180,000 n/a 0.0%
MID AMERICA MORTGAGE, INC. $270,000 $180,000 -33.3% 0.0%
Barrington Bank & Trust Company, N.A. $595,000 $175,000 -70.6% 0.0%
EMBRACE HOME LOANS, INC. $175,000 n/a 0.0%
Heritage Federal Credit Union $175,000 n/a 0.0%
Ixonia Bank $175,000 n/a 0.0%
AmeriHome Mortgage Company, LLC $165,000 n/a 0.0%
INDIANA MEMBERS CREDIT UNION $165,000 $165,000 0.0% 0.0%
AMWEST FUNDING CORP. $155,000 n/a 0.0%
Bank Five Nine $155,000 n/a 0.0%
HALLMARK HOME MORTGAGE, LLC $155,000 n/a 0.0%
Minster Bank $155,000 n/a 0.0%
MILESTONE HOME LENDING, LLC $145,000 n/a 0.0%
Figure Lending LLC $140,000 n/a 0.0%
Old National Bank $545,000 $140,000 -74.3% 0.0%
BMO Harris Bank $65,000 $135,000 107.7% 0.0%
GVC MORTGAGE, INC. $865,000 $135,000 -84.4% 0.0%
ROYAL UNITED MORTGAGE LLC $1,025,000 $130,000 -87.3% 0.0%
WesBanco $165,000 $125,000 -24.2% 0.0%
FORUM Credit Union $760,000 $110,000 -85.5% 0.0%
FCN Bank $370,000 $105,000 -71.6% 0.0%
Sunflower Bank $105,000 n/a 0.0%
Bank of England $85,000 $95,000 11.8% 0.0%
Community Trust Bank, Inc. $95,000 n/a 0.0%
DIRECT MORTGAGE LOANS, LLC $95,000 n/a 0.0%
First Federal Savings Bank $85,000 n/a 0.0%
LAKEVIEW LOAN SERVICING, LLC $605,000 $85,000 -86.0% 0.0%
PHH Mortgage Corporation $145,000 $85,000 -41.4% 0.0%
Union Savings Bank $35,000 $85,000 142.9% 0.0%
HONDA Federal Credit Union $60,000 $80,000 33.3% 0.0%
Arvest Bank $75,000 n/a 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $160,000 $75,000 -53.1% 0.0%
Greenville Federal $15,000 $65,000 333.3% 0.0%
PrimeTrust Financial Federal Credit Union $65,000 n/a 0.0%
TEACHERS CREDIT UNION $35,000 $65,000 85.7% 0.0%
21ST MORTGAGE CORPORATION $60,000 n/a 0.0%
FIRST CENTENNIAL MORTGAGE CORPORATION $55,000 n/a 0.0%
The Farmers State Bank $85,000 $55,000 -35.3% 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $740,000 $45,000 -93.9% 0.0%
Stock Yards Bank & Trust Company $45,000 n/a 0.0%
Third Federal Savings and Loan Association of Cleveland $325,000 $35,000 -89.2% 0.0%
Citizens State Bank of New Castle $460,000 $25,000 -94.6% 0.0%

Richmond's top lender by overall market share is Three Rivers Federal Credit Union, with 89.1% market share. In second place, with 1.9%, is First Bank Richmond, having originated $22,215,000 in loans. In third place, with 1.3%, is First Financial Bank, having originated $15,630,000 in loans. In fourth place, with 0.8%, is NEWREZ LLC, having originated $9,570,000 in loans. In fifth place, with 0.7%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $8,000,000 in loans.


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

Realtor.com - Richmond (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 $79,900 (0.0%) $116,133 (-4.2%) 0.00 314
2018-02-01 $83,200 (4.1%) $120,797 (1.1%) 0.00 329
2018-03-01 $84,900 (6.4%) $125,416 (5.9%) 0.00 291
2018-04-01 $82,200 (3.4%) $122,744 (8.5%) 0.00 288
2018-05-01 $82,200 (1.2%) $124,808 (6.7%) 0.00 287
2018-06-01 $85,200 (-0.4%) $130,626 (5.1%) 0.00 284
2018-07-01 $88,350 (-1.7%) $132,966 (7.5%) 0.00 298
2018-08-01 $89,800 (-0.1%) $132,046 (10.0%) 0.00 304
2018-09-01 $89,900 (5.9%) $130,228 (6.9%) 0.00 318
2018-10-01 $85,675 (0.9%) $124,927 (-0.1%) 0.00 329
2018-11-01 $87,475 (-1.9%) $125,567 (0.2%) 0.00 341
2018-12-01 $88,500 (4.7%) $123,810 (0.9%) 0.00 341
2019-01-01 $88,650 (11.0%) $122,983 (5.9%) 0.00 321
2019-02-01 $89,900 (8.1%) $125,842 (4.2%) 0.00 320
2019-03-01 $89,157 (5.0%) $129,619 (3.4%) 0.00 291
2019-04-01 $89,900 (9.4%) $134,168 (9.3%) 0.00 261
2019-05-01 $96,450 (17.3%) $137,749 (10.4%) 0.00 269
2019-06-01 $94,450 (10.9%) $136,256 (4.3%) 0.00 251
2019-07-01 $90,550 (2.5%) $135,097 (1.6%) 0.00 236
2019-08-01 $92,627 (3.2%) $133,947 (1.4%) 0.00 242
2019-09-01 $96,718 (7.6%) $131,386 (0.9%) 0.00 242
2019-10-01 $99,900 (16.6%) $130,264 (4.3%) 0.00 241
2019-11-01 $99,700 (14.0%) $127,224 (1.3%) 0.00 258
2019-12-01 $93,200 (5.3%) $121,091 (-2.2%) 0.00 258
2020-01-01 $93,200 (5.1%) $121,769 (-1.0%) 0.00 248
2020-02-01 $95,000 (5.7%) $127,802 (1.6%) 0.00 221
2020-03-01 $99,900 (12.1%) $127,438 (-1.7%) 0.00 207
2020-04-01 $109,900 (22.3%) $128,407 (-4.3%) 0.00 197
2020-05-01 $94,950 (-1.6%) $135,077 (-1.9%) 0.00 153
2020-06-01 $116,150 (23.0%) $156,615 (14.9%) 0.00 122
2020-07-01 $121,050 (33.7%) $168,452 (24.7%) 0.00 122
2020-08-01 $119,900 (29.4%) $178,200 (33.0%) 0.00 127
2020-09-01 $124,925 (29.2%) $167,238 (27.3%) 0.00 132
2020-10-01 $109,900 (10.0%) $156,921 (20.5%) 0.00 147
2020-11-01 $101,175 (1.5%) $150,286 (18.1%) 0.00 164
2020-12-01 $99,850 (7.1%) $150,617 (24.4%) 0.00 163
2021-01-01 $91,250 (-2.1%) $147,866 (21.4%) 0.00 149
2021-02-01 $82,425 (-13.2%) $146,253 (14.4%) 0.00 123
2021-03-01 $79,900 (-20.0%) $146,920 (15.3%) 0.00 108
2021-04-01 $107,400 (-2.3%) $158,784 (23.7%) 0.00 97
2021-05-01 $89,950 (-5.3%) $165,191 (22.3%) 0.00 80
2021-06-01 $117,175 (0.9%) $182,152 (16.3%) 0.00 90
2021-07-01 $94,900 (-21.6%) $140,155 (-16.8%) 0.00 85
2021-08-01 $121,150 (1.0%) $148,534 (-16.7%) 0.00 91
2021-09-01 $129,900 (4.0%) $155,439 (-7.1%) 0.00 109
2021-10-01 $132,000 (20.1%) $158,472 (1.0%) 0.00 114
2021-11-01 $117,200 (15.8%) $152,334 (1.4%) 0.00 97
2021-12-01 $106,250 (6.4%) $139,962 (-7.1%) 0.00 98
2022-01-01 $106,250 (16.4%) $142,234 (-3.8%) 0.00 85
2022-02-01 $114,900 (39.4%) $154,696 (5.8%) 0.00 66
2022-03-01 $139,950 (75.2%) $174,833 (19.0%) 0.00 67
2022-04-01 $169,900 (58.2%) $199,118 (25.4%) 0.00 62
2022-05-01 $152,425 (69.5%) $189,711 (14.8%) 0.00 71
2022-06-01 $129,900 (10.9%) $170,719 (-6.3%) 0.00 91
2022-07-01 $129,900 (36.9%) $167,200 (19.3%) 0.00 102
2022-08-01 $134,800 (11.3%) $179,239 (20.7%) 0.00 110
2022-09-01 $151,150 (16.4%) $193,392 (24.4%) 0.00 100
2022-10-01 $159,900 (21.1%) $191,121 (20.6%) 0.00 114
2022-11-01 $147,075 (25.5%) $177,026 (16.2%) 0.00 134
2022-12-01 $143,500 (35.1%) $173,166 (23.7%) 0.00 125
2023-01-01 $143,050 (34.6%) $177,975 (25.1%) 0.00 103
2023-02-01 $151,875 (32.2%) $175,782 (13.6%) 0.00 90
2023-03-01 $163,650 (16.9%) $185,936 (6.4%) 0.00 89
2023-04-01 $168,900 (-0.6%) $188,014 (-5.6%) 0.00 75
2023-05-01 $149,900 (-1.7%) $187,490 (-1.2%) 0.00 73
2023-06-01 $169,375 (30.4%) $204,628 (19.9%) 0.00 78
2023-07-01 $162,450 (25.1%) $209,607 (25.4%) 0.00 87
2023-08-01 $149,700 (11.1%) $196,975 (9.9%) 0.00 105
2023-09-01 $129,900 (-14.1%) $178,876 (-7.5%) 0.00 122
2023-10-01 $141,150 (-11.7%) $192,356 (0.7%) 0.00 129
2023-11-01 $157,450 (7.1%) $197,449 (11.5%) 0.00 129
2023-12-01 $150,350 (4.8%) $190,280 (9.9%) 0.00 112
2024-01-01 $159,900 (11.8%) $205,574 (15.5%) 0.00 102
2024-02-01 $158,175 (4.2%) $205,711 (17.0%) 0.00 114
2024-03-01 $149,900 (-8.4%) $197,770 (6.4%) 0.00 88
2024-04-01 $149,900 (-11.3%) $193,130 (2.7%) 0.00 89
2024-05-01 $171,200 (14.2%) $208,649 (11.3%) 0.00 86
2024-06-01 $187,000 (10.4%) $222,273 (8.6%) 0.00 101
Richmond's median listing price for 2024-06-01 was $187,000, a difference of $17,625 (10.4%) versus the prior year and $15,800 versus the prior month.

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

Richmond's average listing price for 2024-06-01 was $222,273, a difference of $17,645 (8.6%) versus the prior year and $13,624 versus the prior month.

For the 2024-06-01 period, Richmond had 101 MLS listings, a difference of 15 listings (17%) versus the prior month and 23 listings (29%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Richmond (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,531 sqft
2018-02-01 0 days 1,594 sqft
2018-03-01 0 days 1,601 sqft
2018-04-01 0 days 1,597 sqft
2018-05-01 0 days 1,601 sqft
2018-06-01 0 days 1,596 sqft
2018-07-01 0 days 1,635 sqft
2018-08-01 0 days 1,634 sqft
2018-09-01 0 days 1,632 sqft
2018-10-01 0 days 1,602 sqft
2018-11-01 0 days 1,601 sqft
2018-12-01 0 days 1,595 sqft
2019-01-01 0 days 1,542 sqft
2019-02-01 0 days 1,530 sqft
2019-03-01 0 days 1,524 sqft
2019-04-01 0 days 1,541 sqft
2019-05-01 0 days 1,583 sqft
2019-06-01 0 days 1,561 sqft
2019-07-01 0 days 1,584 sqft
2019-08-01 0 days 1,589 sqft
2019-09-01 0 days 1,596 sqft
2019-10-01 0 days 1,602 sqft
2019-11-01 0 days 1,603 sqft
2019-12-01 0 days 1,605 sqft
2020-01-01 0 days 1,603 sqft
2020-02-01 0 days 1,646 sqft
2020-03-01 0 days 1,644 sqft
2020-04-01 0 days 1,628 sqft
2020-05-01 0 days 1,606 sqft
2020-06-01 0 days 1,643 sqft
2020-07-01 0 days 1,733 sqft
2020-08-01 0 days 1,672 sqft
2020-09-01 0 days 1,609 sqft
2020-10-01 0 days 1,581 sqft
2020-11-01 0 days 1,567 sqft
2020-12-01 0 days 1,601 sqft
2021-01-01 0 days 1,547 sqft
2021-02-01 0 days 1,520 sqft
2021-03-01 0 days 1,494 sqft
2021-04-01 0 days 1,566 sqft
2021-05-01 0 days 1,429 sqft
2021-06-01 0 days 1,603 sqft
2021-07-01 0 days 1,572 sqft
2021-08-01 0 days 1,675 sqft
2021-09-01 0 days 1,617 sqft
2021-10-01 0 days 1,542 sqft
2021-11-01 0 days 1,449 sqft
2021-12-01 0 days 1,409 sqft
2022-01-01 0 days 1,527 sqft
2022-02-01 0 days 1,556 sqft
2022-03-01 0 days 1,575 sqft
2022-04-01 0 days 1,811 sqft
2022-05-01 0 days 1,796 sqft
2022-06-01 0 days 1,696 sqft
2022-07-01 0 days 1,657 sqft
2022-08-01 0 days 1,670 sqft
2022-09-01 0 days 1,695 sqft
2022-10-01 0 days 1,674 sqft
2022-11-01 0 days 1,535 sqft
2022-12-01 0 days 1,553 sqft
2023-01-01 0 days 1,575 sqft
2023-02-01 0 days 1,706 sqft
2023-03-01 0 days 1,762 sqft
2023-04-01 0 days 1,817 sqft
2023-05-01 0 days 1,791 sqft
2023-06-01 0 days 1,853 sqft
2023-07-01 0 days 1,848 sqft
2023-08-01 0 days 1,678 sqft
2023-09-01 0 days 1,569 sqft
2023-10-01 0 days 1,599 sqft
2023-11-01 0 days 1,730 sqft
2023-12-01 0 days 1,652 sqft
2024-01-01 0 days 1,758 sqft
2024-02-01 0 days 1,818 sqft
2024-03-01 0 days 1,672 sqft
2024-04-01 0 days 1,634 sqft
2024-05-01 0 days 1,674 sqft
2024-06-01 0 days 1,780 sqft
Richmond's median listing age (time on market) for 2024-06-01 was 0 days.

Richmond's median square footage for active listings during the 2024-06-01 period was 1,780 sqft. One year prior, the average listing was 1,853 sqft.

Richmond, IN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 737 $355,405,000 $482,232
Cash Out Refi 169 $746,275,000 $4,415,828
Home Improvement 107 $5,495,000 $51,355
Other 90 $6,050,000 $67,222
Refi 56 $57,510,000 $1,026,964

Richmond's most frequently cited loan purpose was Home Purchase, with 737 originations. The 2nd most popular reason was Cash Out Refi, with 169 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 457 $393,935,000 $862,002
7-8% 331 $384,825,000 $1,162,613
Over 8% 178 $370,570,000 $2,081,854
5-6% 114 $14,800,000 $129,825
<2.5% 50 $490,000 $9,800
4-5% 7 $1,355,000 $193,571
2.5-3% 2 $980,000 $490,000
3-4% 1 $45,000 $45,000

During 2023, Richmond's most frequently originated rate bucket was 6-7%, with 457 originations.

Loan Sizing (Richmond, IN MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 580 $31,820,000 $54,862
$100k-200k 416 $59,170,000 $142,236
$200k-400k 128 $32,410,000 $253,203
$400k-600k 19 $8,725,000 $459,211
$Over $1MM 10 $1,034,090,000 $103,409,000
$600k-1000k 6 $4,520,000 $753,333

Richmond's loan sizing saw the bucket of loans from $100,000 or less with 580 originations, totaling $31,820,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 542 $81,560,000 $150,480
60-80% 223 $30,675,000 $137,556
Under 20% 149 $3,655,000 $24,530
20-40% 126 $7,230,000 $57,381
40-60% 79 $12,645,000 $160,063
Over 100% 16 $863,020,000 $53,938,750

Richmond's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 542 originations, totaling $81,560,000 in origination value.