Scottsburg Mortgage Rates

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

30 Year Fixed Rate mortgages in Scottsburg averaged 6.02% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

The average rate for the prior week (2022-06-16) was 5.89% and one month ago for the week of 2022-05-19, the average rate was 5.56%.

Scottsburg's average rate one year ago was 3.11%.

For refis of the same type during the week of 2022-06-23, the average rate was 5.82%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Scottsburg 30 Year Fixed Rate 2022-06-23 6.02%
Scottsburg 30 Year Fixed Rate Refi 2022-06-23 5.82%
Scottsburg 15 Year Fixed Rate 2022-06-23 6.81%
Scottsburg 15 Year Fixed Rate Refi 2022-06-23 5.32%
Scottsburg 30 Year FHA 2022-06-23 0.48%
Scottsburg 30 Year FHA Refi 2022-06-23 0.22%
Scottsburg 30 Year USDA 2022-06-23 0.41%
Scottsburg 30 Year USDA Refi 2022-06-23 0.33%
Scottsburg 30 Year VA 2022-06-23 0.62%
Scottsburg 30 Year VA Refi 2022-06-23 -0.08%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Scottsburg, IN.

Scottsburg Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Scottsburg, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Centra Credit Union 50 3.09% $2,681
QUICKEN LOANS, LLC 23 3.11% $5,356
UNITED WHOLESALE MORTGAGE, LLC 21 3.08% $3,076
RUOFF MORTGAGE COMPANY, INC. 18 3.24% $2,083
HOME POINT FINANCIAL CORPORATION 16 3.19% $3,432
Wolfe Financial, Inc 10 3.23% $3,574
Jackson County Bank 9 3.42% $2,393
FAIR WAY LENDING LLC 8 3.41% $3,122
WesBanco Bank, Inc. 6 3.10% $3,349
First Financial Bank 6 3.19% $3,027
First Savings Bank 6 3.31% $1,981
LOANDEPOT.COM, LLC 4 3.56% $2,816
JPMorgan Chase Bank 4 3.00% $1,921
AMERISAVE MORTGAGE CORPORATION 4 3.34% $3,707
Century Mortgage Company DBA Century Lending Company 4 3.22% $3,613
INTERLINC MORTGAGE SERVICES, LLC 4 3.28% $2,927
Farm Credit Mid-America, ACA 4 3.61% $5,401
Fifth Third Bank 4 3.48% $2,455
Bank of America 3 3.04% $1,817
Stock Yards Bank & Trust Company 3 2.92% $2,167
Commonwealth Bank and Trust Company 3 3.46% $2,901
STOCKTON MORTGAGE CORPORATION 3 3.42% $2,412
First Harrison Bank 3 2.63% $1,938
German American Bank 2 3.00% $2,449
BROKER SOLUTIONS, INC. 2 3.44% $1,702
Flagstar Bank, FSB 2 3.02% $2,982
FREEDOM MORTGAGE CORPORATION 2 3.38% $2,246
KELLER MORTGAGE, LLC 2 3.00% $1,552
ROYAL UNITED MORTGAGE LLC 2 2.50% $8,741
STEARNS LENDING, LLC 2 3.25% $2,481
U.S. Bank 2 2.94% $2,104
ACADEMY MORTGAGE CORPORATION 1 2.88% $2,964
GENEVA FINANCIAL, LLC 1 3.25% $3,664
First Guaranty Mortgage Corporation 1 3.25% $2,115
BETTER MORTGAGE CORPORATION 1 3.00% $1,772
LEADERONE FINANCIAL CORPORATION 1 3.25% $2,668
LENDSURE MORTGAGE CORP. 1 6.00% $7,655
L & N Federal Credit Union 1 3.25% $4,157
FINANCE OF AMERICA MORTGAGE LLC 1 2.99% $1,344
Magnolia Bank 1 3.25% $2,997
Mr. Cooper ( Nationstar Mortgage ) 1 4.00% $4,959
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.63% $3,477
NAVY FEDERAL CREDIT UNION 1 4.50% $4,728
Northpointe Bank 1 3.13% $3,807
PARK COMMUNITY CREDIT UNION, INC. 1 3.00% $1,982
PENNYMAC LOAN SERVICES, LLC 1 3.50% $3,635
Plains Commerce Bank 1 3.13% $3,063
POLARIS HOME FUNDING CORP. 1 3.75% $7,959
Prosperity Home Mortgage, LLC 1 3.38% $4,050
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.38% $2,609
Regions Bank 1 2.88% $450
Republic Bank & Trust Company 1 3.00% $2,582
Wells Fargo Bank 1 2.75% $3,579
DIRECT MORTGAGE LOANS, LLC 1 3.25% $4,758
CALIBER HOME LOANS, INC. 1 3.38% $2,865
CROSSCOUNTRY MORTGAGE, LLC 1 3.25% $3,623
CELEBRITY HOME LOANS, LLC 1 4.50% $3,199
SWBC MORTGAGE CORPORATION 1 3.63% $2,531
TEACHERS CREDIT UNION 1 3.00% $3,502
THE MORTGAGE WAREHOUSE,LLC 1 2.50% $2,373
THRIVE MORTGAGE, LLC 1 2.75% $2,819
Union Savings Bank 1 2.88% $1,832
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.63% $5,331
GVC MORTGAGE, INC. 1 3.38% $2,645
GUARANTY HOME MORTGAGE CORPORATION 1 2.88% $1,141
HOMESIDE FINANCIAL, LLC 1 3.00% $1,625
INDIANA MEMBERS CREDIT UNION 1 3.13% $1,681

Scottsburg, IN's 67 lenders originated 925 loans during 2021. The total origination value was $139,295,000, with an average loan value of $150,589.

The top Scottsburg lender as defined by loan originations is Centra Credit Union, with 50 loans originated. Their average total fees are $2,681, which is $2,675 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Scottsburg lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($2,083), Centra Credit Union ($2,681), UNITED WHOLESALE MORTGAGE, LLC ($3,076), HOME POINT FINANCIAL CORPORATION ($3,432) and Wolfe Financial, Inc ($3,574).

The lowest rate Scottsburg lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (3.08%), Centra Credit Union (3.09%), QUICKEN LOANS, LLC (3.11%), HOME POINT FINANCIAL CORPORATION (3.19%) and Wolfe Financial, Inc (3.23%).

Scottsburg, IN Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Centra Credit Union $11,395,000 $15,025,000 31.9% 10.8%
HOME POINT FINANCIAL CORPORATION $9,690,000 $11,700,000 20.7% 8.4%
QUICKEN LOANS, LLC $6,755,000 $10,005,000 48.1% 7.2%
UNITED WHOLESALE MORTGAGE, LLC $2,825,000 $8,530,000 201.9% 6.1%
Wolfe Financial, Inc $6,485,000 $6,755,000 4.2% 4.8%
RUOFF MORTGAGE COMPANY, INC. $3,835,000 $5,790,000 51.0% 4.2%
FREEDOM MORTGAGE CORPORATION $4,110,000 $4,110,000 0.0% 3.0%
Mortgage Research Center, LLC $1,740,000 $3,660,000 110.3% 2.6%
Farm Credit Mid-America, ACA $800,000 $2,680,000 235.0% 1.9%
FAIR WAY LENDING LLC $1,740,000 $2,635,000 51.4% 1.9%
WesBanco Bank, Inc. $3,855,000 $2,485,000 -35.5% 1.8%
First Financial Bank $1,685,000 $2,470,000 46.6% 1.8%
INTERLINC MORTGAGE SERVICES, LLC $1,745,000 $2,185,000 25.2% 1.6%
Century Mortgage Company DBA Century Lending Company $1,980,000 n/a 1.4%
PENNYMAC LOAN SERVICES, LLC $190,000 $1,970,000 936.8% 1.4%
Jackson County Bank $1,380,000 $1,905,000 38.0% 1.4%
Magnolia Bank $1,505,000 $1,860,000 23.6% 1.3%
LOANDEPOT.COM, LLC $645,000 $1,670,000 158.9% 1.2%
JPMorgan Chase Bank $1,905,000 $1,555,000 -18.4% 1.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,035,000 $1,510,000 45.9% 1.1%
First Savings Bank $3,720,000 $1,500,000 -59.7% 1.1%
SUCCESS MORTGAGE PARTNERS, INC. $2,760,000 $1,300,000 -52.9% 0.9%
Stock Yards Bank & Trust Company $1,120,000 $1,265,000 12.9% 0.9%
LAKEVIEW LOAN SERVICING, LLC $875,000 $1,240,000 41.7% 0.9%
Fifth Third Bank $525,000 $1,205,000 129.5% 0.9%
Mr. Cooper ( Nationstar Mortgage ) $1,395,000 $1,195,000 -14.3% 0.9%
AMERISAVE MORTGAGE CORPORATION $550,000 $1,160,000 110.9% 0.8%
BROKER SOLUTIONS, INC. $340,000 $1,160,000 241.2% 0.8%
Citizens Union Bank of Shelbyville $1,160,000 n/a 0.8%
German American Bank $370,000 $1,140,000 208.1% 0.8%
CELEBRITY HOME LOANS, LLC $180,000 $1,040,000 477.8% 0.7%
MID AMERICA MORTGAGE, INC. $760,000 $1,030,000 35.5% 0.7%
Prosperity Home Mortgage, LLC $260,000 $1,025,000 294.2% 0.7%
GUARANTY HOME MORTGAGE CORPORATION $1,305,000 $1,005,000 -23.0% 0.7%
The Fountain Trust Company $1,005,000 n/a 0.7%
21ST MORTGAGE CORPORATION $575,000 $875,000 52.2% 0.6%
FAY SERVICING, LLC $845,000 n/a 0.6%
U.S. Bank $1,835,000 $820,000 -55.3% 0.6%
STEARNS LENDING, LLC $690,000 $800,000 15.9% 0.6%
Carrington Mortgage Services, LLC $260,000 $760,000 192.3% 0.5%
NAVY FEDERAL CREDIT UNION $735,000 n/a 0.5%
Northpointe Bank $165,000 $735,000 345.5% 0.5%
First Harrison Bank $430,000 $725,000 68.6% 0.5%
1ST SIGNATURE LENDING, LLC $135,000 $700,000 418.5% 0.5%
DIRECT MORTGAGE LOANS, LLC $650,000 n/a 0.5%
NEWREZ LLC $855,000 $630,000 -26.3% 0.5%
CALIBER HOME LOANS, INC. $1,240,000 $625,000 -49.6% 0.4%
KELLER MORTGAGE, LLC $620,000 n/a 0.4%
Wells Fargo Bank $390,000 $615,000 57.7% 0.4%
GVC MORTGAGE, INC. $535,000 $545,000 1.9% 0.4%
BETTER MORTGAGE CORPORATION $285,000 $530,000 86.0% 0.4%
PNC Bank $985,000 $515,000 -47.7% 0.4%
USAA Federal Savings Bank $790,000 $510,000 -35.4% 0.4%
Commonwealth Bank and Trust Company $145,000 $505,000 248.3% 0.4%
Bank of America $485,000 n/a 0.3%
Flagstar Bank, FSB $155,000 $485,000 212.9% 0.3%
HOMEBRIDGE FINANCIAL SERVICES, INC. $650,000 $445,000 -31.5% 0.3%
UNION HOME MORTGAGE CORP. $375,000 $440,000 17.3% 0.3%
STOCKTON MORTGAGE CORPORATION $775,000 $435,000 -43.9% 0.3%
Citizens Bank $1,375,000 $430,000 -68.7% 0.3%
CLEARPATH LENDING $430,000 n/a 0.3%
HOMESIDE FINANCIAL, LLC $230,000 $430,000 87.0% 0.3%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $455,000 $415,000 -8.8% 0.3%
ROYAL UNITED MORTGAGE LLC $280,000 $405,000 44.6% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $190,000 $395,000 107.9% 0.3%
MOVEMENT MORTGAGE, LLC $175,000 $385,000 120.0% 0.3%
First Guaranty Mortgage Corporation $425,000 $375,000 -11.8% 0.3%
OCMBC, INC. $345,000 n/a 0.2%
Northwest Bank $225,000 $335,000 48.9% 0.2%
ARC HOME LLC $205,000 $330,000 61.0% 0.2%
NATIONWIDE MORTGAGE BANKERS, INC. $325,000 n/a 0.2%
FBC MORTGAGE, LLC $320,000 n/a 0.2%
TEACHERS CREDIT UNION $320,000 n/a 0.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $305,000 $315,000 3.3% 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $165,000 $300,000 81.8% 0.2%
GUILD MORTGAGE COMPANY $295,000 n/a 0.2%
THRIVE MORTGAGE, LLC $290,000 n/a 0.2%
L & N Federal Credit Union $75,000 $285,000 280.0% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $155,000 $275,000 77.4% 0.2%
Sierra Pacific Mortgage Company, Inc. $290,000 $275,000 -5.2% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $265,000 n/a 0.2%
LEADERONE FINANCIAL CORPORATION $265,000 n/a 0.2%
PLANET HOME LENDING, LLC $260,000 n/a 0.2%
POLARIS HOME FUNDING CORP. $255,000 n/a 0.2%
SWBC MORTGAGE CORPORATION $255,000 n/a 0.2%
Union Savings Bank $255,000 n/a 0.2%
EMM LOANS LLC $340,000 $245,000 -27.9% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $585,000 $245,000 -58.1% 0.2%
Equity Prime Mortgage LLC $240,000 n/a 0.2%
Citizens Deposit Bank & Trust $235,000 n/a 0.2%
Ally Bank $225,000 n/a 0.2%
HALLMARK HOME MORTGAGE, LLC $320,000 $225,000 -29.7% 0.2%
THE MORTGAGE WAREHOUSE,LLC $225,000 n/a 0.2%
UNITED HOME LOANS, INC. $450,000 $225,000 -50.0% 0.2%
The Friendship State Bank $220,000 n/a 0.2%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $370,000 $215,000 -41.9% 0.2%
Barrington Bank & Trust Company, N.A. $215,000 $215,000 0.0% 0.2%
BAYSHORE MORTGAGE FUNDING, LLC $195,000 n/a 0.1%
FINANCE OF AMERICA MORTGAGE LLC $185,000 n/a 0.1%
GEORGIA'S OWN $175,000 n/a 0.1%
SUN WEST MORTGAGE COMPANY, INC. $175,000 n/a 0.1%
BAY EQUITY LLC $190,000 $165,000 -13.2% 0.1%
CMG MORTGAGE, INC. $930,000 $165,000 -82.3% 0.1%
First Federal Bank $305,000 $165,000 -45.9% 0.1%
INDIANA UNIVERSITY CREDIT UNION $165,000 n/a 0.1%
Plains Commerce Bank $165,000 n/a 0.1%
UNITED SECURITY FINANCIAL CORP $165,000 n/a 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $115,000 $155,000 34.8% 0.1%
KeyBank $155,000 n/a 0.1%
Republic Bank & Trust Company $105,000 $150,000 42.9% 0.1%
Colten Mortgage, LLC $145,000 n/a 0.1%
LENDSURE MORTGAGE CORP. $145,000 n/a 0.1%
AMERICAN MORTGAGE SERVICE COMPANY $135,000 n/a 0.1%
INDIANA MEMBERS CREDIT UNION $135,000 n/a 0.1%
SOFI LENDING CORP. $135,000 n/a 0.1%
Nations Lending Corporation $155,000 $125,000 -19.4% 0.1%
NORWICH COMMERCIAL GROUP, INC. $125,000 n/a 0.1%
Advanz Federal Credit Union $115,000 n/a 0.1%
AMERICAN ADVISORS GROUP $85,000 $115,000 35.3% 0.1%
GENEVA FINANCIAL, LLC $410,000 $115,000 -72.0% 0.1%
NEW DAY FINANCIAL, LLC $685,000 $115,000 -83.2% 0.1%
Regions Bank $205,000 $115,000 -43.9% 0.1%
Warsaw Federal Savings and Loan Association $115,000 n/a 0.1%
InterContinental Capital Group, Inc $295,000 $105,000 -64.4% 0.1%
Park Lane Finance Solutions, LLC $115,000 $105,000 -8.7% 0.1%
EVANSVILLE TEACHERS $95,000 n/a 0.1%
PARK COMMUNITY CREDIT UNION, INC. $335,000 $95,000 -71.6% 0.1%
SOUTHWEST FUNDING, LP $95,000 n/a 0.1%
ACADEMY MORTGAGE CORPORATION $85,000 n/a 0.1%
CITIZENS EQUITY FIRST $165,000 $85,000 -48.5% 0.1%
OCEANSIDE MORTGAGE COMPANY $85,000 $85,000 0.0% 0.1%
Old National Bank $815,000 $85,000 -89.6% 0.1%
The Home Loan Expert LLC $85,000 n/a 0.1%
The Huntington National Bank $650,000 $75,000 -88.5% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $460,000 $55,000 -88.0% 0.0%
The Farmers Bank of Milton $55,000 n/a 0.0%
HANSCOM $45,000 n/a 0.0%
The New Washington State Bank $415,000 $45,000 -89.2% 0.0%

Scottsburg's top lender by overall market share is Centra Credit Union, with 10.8% market share. In second place, with 8.4%, is HOME POINT FINANCIAL CORPORATION, having originated $11,700,000 in loans. In third place, with 7.2%, is QUICKEN LOANS, LLC, having originated $10,005,000 in loans. In third place, with 6.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $8,530,000 in loans. In third place, with 4.8%, is Wolfe Financial, Inc, having originated $6,755,000 in loans.


Scottsburg, IN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 396 $69,290,000 $174,975
Refi 256 $36,990,000 $144,492
Cash Out Refi 176 $26,630,000 $151,307
Home Improvement 52 $3,250,000 $62,500
Other 45 $3,135,000 $69,667

Scottsburg's most frequently cited loan purpose was Home Purchase, with 396 originations. The 2nd most popular reason was Refi, with 256 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 358 $57,130,000 $159,581
2.5-3% 299 $49,415,000 $165,268
<2.5% 196 $23,310,000 $118,929
4-5% 41 $6,735,000 $164,268
Over 8% 11 $455,000 $41,364
6-7% 6 $520,000 $86,667
5-6% 6 $1,190,000 $198,333
7-8% 2 $170,000 $85,000

During 2021, Scottsburg's most frequently originated rate bucket was 3-4%, with 358 originations.

Loan Sizing (Scottsburg, IN MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 449 $64,645,000 $143,976
$100,000 or less 274 $17,620,000 $64,307
$200k-400k 186 $48,230,000 $259,301
$400k-600k 13 $6,125,000 $471,154
$600k-1000k 2 $1,670,000 $835,000
$Over $1MM 1 $1,005,000 $1,005,000

Scottsburg's loan sizing saw the bucket of loans from $100k-200k with 449 originations, totaling $64,645,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 410 $71,670,000 $174,805
60-80% 214 $37,790,000 $176,589
40-60% 139 $14,805,000 $106,511
20-40% 76 $5,940,000 $78,158
Under 20% 38 $1,020,000 $26,842
Over 100% 17 $3,655,000 $215,000

Scottsburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 410 originations, totaling $71,670,000 in origination value.