Richmond Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Richmond averaged
6.62%
for the week of 2024-12-05, compared to the national average of
6.69% for the same period.
The average rate for the prior week (2024-11-27) was
6.94% and
one month ago for the week of 2024-10-31, the
average rate was 6.65%.
Richmond's average rate one year ago was 7.25%.
For refis of the same type during the week of 2024-12-05, the average rate
was 6.89%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-12-05 | 6.69% |
Richmond 30 Year Fixed Rate | 2024-12-05 | 6.62% |
Richmond 30 Year Fixed Rate Refi | 2024-12-05 | 6.89% |
Richmond 15 Year Fixed Rate | 2024-12-05 | 6.16% |
Richmond 15 Year Fixed Rate Refi | 2024-12-05 | 5.96% |
Richmond 30 Year FHA | 2024-12-05 | 6.68% |
Richmond 30 Year FHA Refi | 2024-12-05 | 6.56% |
Richmond 30 Year USDA | 2024-12-05 | 6.53% |
Richmond 30 Year USDA Refi | 2024-12-05 | 6.23% |
Richmond 30 Year VA | 2024-12-05 | 6.14% |
Richmond 30 Year VA Refi | 2024-12-05 | 6.34% |
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.).
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. LouisDate | 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%) | $221,485 (8.2%) | 0.00 | 101 |
2024-07-01 | $195,175 (20.1%) | $245,694 (17.2%) | 0.00 | 123 |
2024-08-01 | $179,900 (20.2%) | $228,922 (16.2%) | 0.00 | 147 |
2024-09-01 | $169,900 (30.8%) | $229,939 (28.6%) | 0.00 | 161 |
2024-10-01 | $170,975 (21.1%) | $230,520 (19.8%) | 0.00 | 165 |
2024-11-01 | $164,900 (4.7%) | $218,969 (10.9%) | 0.00 | 168 |
Richmond's median listing price comes in at 0% of the national average.
Richmond's average listing price for 2024-11-01 was $218,969, a difference of $21,520 (10.9%) versus the prior year and $-11,551 versus the prior month.
For the 2024-11-01 period, Richmond had 168 MLS listings, a difference of 3 listings (2%) versus the prior month and 39 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Richmond (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 1,778 sqft |
2024-07-01 | 0 days | 1,773 sqft |
2024-08-01 | 0 days | 1,780 sqft |
2024-09-01 | 0 days | 1,721 sqft |
2024-10-01 | 0 days | 1,709 sqft |
2024-11-01 | 0 days | 1,585 sqft |
Richmond's median square footage for active listings during the 2024-11-01 period was 1,585 sqft. One year prior, the average listing was 1,730 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.