Scottsburg Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Scottsburg averaged
6.94%
for the week of 2025-04-10, compared to the national average of
6.62% for the same period.
The average rate for the prior week (2025-04-03) was
6.76% and
one month ago for the week of 2025-03-06, the
average rate was 6.95%.
Scottsburg's average rate one year ago was 6.94%.
For refis of the same type during the week of 2025-04-10, the average rate
was 6.72%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-04-10 | 6.62% |
| Scottsburg 30 Year Fixed Rate | 2025-04-10 | 6.94% |
| Scottsburg 30 Year Fixed Rate Refi | 2025-04-10 | 6.72% |
| Scottsburg 15 Year Fixed Rate | 2025-04-10 | 5.62% |
| Scottsburg 15 Year Fixed Rate Refi | 2025-04-10 | 5.72% |
| Scottsburg 30 Year FHA | 2025-04-10 | 6.57% |
| Scottsburg 30 Year FHA Refi | 2025-04-10 | 6.43% |
| Scottsburg 30 Year USDA | 2025-04-10 | 6.55% |
| Scottsburg 30 Year USDA Refi | 2025-04-10 | 6.65% |
| Scottsburg 30 Year VA | 2025-04-10 | 6.39% |
| Scottsburg 30 Year VA Refi | 2025-04-10 | 6.49% |
Scottsburg 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 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.).
Scottsburg Average Closing Costs & Other Stats
Scottsburg, IN's 44 lenders originated 594
loans during 2024. The total origination value was $86,920,000, with an average loan value of
$146,330.
Scottsburg's average closing costs are $4,579.
The top Scottsburg lender as defined by loan originations is Centra Credit Union, with
33 loans originated. Their average total fees are
$2,945, which is $2,260
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Scottsburg lenders (with over 10 loans originated) are
Centra Credit Union ($2,945), .
The lowest rate Scottsburg lenders (with over 10 loans originated) are
Centra Credit Union (6.87%), .
Scottsburg, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Centra Credit Union | $13,165,000 | $14,035,000 | 6.6% | 16.1% |
| INTERLINC MORTGAGE SERVICES, LLC | $1,045,000 | $4,775,000 | 356.9% | 5.5% |
| DIRECT MORTGAGE LOANS, LLC | $4,280,000 | $4,705,000 | 9.9% | 5.4% |
| QUICKEN LOANS, LLC | $3,865,000 | $4,600,000 | 19.0% | 5.3% |
| INDIANA UNIVERSITY CREDIT UNION | $4,555,000 | n/a | 5.2% | |
| UNITED WHOLESALE MORTGAGE, LLC | $7,490,000 | $4,310,000 | -42.5% | 5.0% |
| FREEDOM MORTGAGE CORPORATION | $1,025,000 | $3,620,000 | 253.2% | 4.2% |
| RF Renovo Management Company, LLC | $2,285,000 | n/a | 2.6% | |
| Equity Prime Mortgage LLC | $930,000 | $2,240,000 | 140.9% | 2.6% |
| Mortgage Research Center, LLC | $1,565,000 | $2,025,000 | 29.4% | 2.3% |
| Magnolia Bank | $135,000 | $1,995,000 | 1,377.8% | 2.3% |
| WesBanco | $965,000 | $1,575,000 | 63.2% | 1.8% |
| LOANDEPOT.COM, LLC | $480,000 | $1,335,000 | 178.1% | 1.5% |
| Farm Credit Mid-America, ACA | $1,620,000 | $1,230,000 | -24.1% | 1.4% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,215,000 | n/a | 1.4% | |
| Jackson County Bank | $700,000 | $1,170,000 | 67.1% | 1.3% |
| Century Mortgage Company DBA Century Lending Company | $410,000 | $1,115,000 | 172.0% | 1.3% |
| 21ST MORTGAGE CORPORATION | $760,000 | $1,065,000 | 40.1% | 1.2% |
| GUILD MORTGAGE COMPANY | $435,000 | $1,010,000 | 132.2% | 1.2% |
| Stock Yards Bank & Trust Company | $1,740,000 | $985,000 | -43.4% | 1.1% |
| GVC MORTGAGE, INC. | $475,000 | $980,000 | 106.3% | 1.1% |
| German American Bank | $730,000 | $905,000 | 24.0% | 1.0% |
| VILLAGE CAPITAL MORTGAGE | $390,000 | $905,000 | 132.1% | 1.0% |
| JPMorgan Chase Bank | $980,000 | $885,000 | -9.7% | 1.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $730,000 | $855,000 | 17.1% | 1.0% |
| STOCKTON MORTGAGE CORPORATION | $1,145,000 | $850,000 | -25.8% | 1.0% |
| LEADERONE FINANCIAL CORPORATION | $420,000 | $770,000 | 83.3% | 0.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,545,000 | $745,000 | -70.7% | 0.9% |
| LAKEVIEW LOAN SERVICING, LLC | $340,000 | $735,000 | 116.2% | 0.8% |
| First Financial Bank | $910,000 | $705,000 | -22.5% | 0.8% |
| RUOFF MORTGAGE COMPANY, INC. | $1,115,000 | $695,000 | -37.7% | 0.8% |
| CMG MORTGAGE, INC. | $675,000 | n/a | 0.8% | |
| The Loan Store, Inc. | $145,000 | $625,000 | 331.0% | 0.7% |
| Northpointe Bank | $1,830,000 | $595,000 | -67.5% | 0.7% |
| INSPIRE HOME LOANS INC. | $1,100,000 | $590,000 | -46.4% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $480,000 | $555,000 | 15.6% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $185,000 | $520,000 | 181.1% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $860,000 | $510,000 | -40.7% | 0.6% |
| MID AMERICA MORTGAGE, INC. | $365,000 | $480,000 | 31.5% | 0.6% |
| EVANSVILLE TEACHERS | $1,880,000 | $465,000 | -75.3% | 0.5% |
| Wolfe Financial, Inc | $320,000 | $460,000 | 43.8% | 0.5% |
| Prosperity Home Mortgage, LLC | $380,000 | $450,000 | 18.4% | 0.5% |
| SUCCESS MORTGAGE PARTNERS, INC. | $685,000 | $440,000 | -35.8% | 0.5% |
| U.S. Bank | $85,000 | $430,000 | 405.9% | 0.5% |
| AmeriHome Mortgage Company, LLC | $415,000 | $425,000 | 2.4% | 0.5% |
| Flagstar Bank, FSB | $370,000 | $390,000 | 5.4% | 0.4% |
| AMERICAN FINANCING CORPORATION | $385,000 | n/a | 0.4% | |
| Guardian Savings Bank, A Federal Savings Bank | $375,000 | $375,000 | 0.0% | 0.4% |
| Meridian Bank Corporation | $370,000 | n/a | 0.4% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $365,000 | n/a | 0.4% | |
| GENEVA FINANCIAL, LLC | $455,000 | $360,000 | -20.9% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $535,000 | $360,000 | -32.7% | 0.4% |
| PNC Bank | $175,000 | $360,000 | 105.7% | 0.4% |
| NORWICH COMMERCIAL GROUP, INC. | $350,000 | n/a | 0.4% | |
| Union Savings Bank | $315,000 | n/a | 0.4% | |
| INDIANA MEMBERS CREDIT UNION | $300,000 | n/a | 0.3% | |
| Republic Bank & Trust Company | $605,000 | $285,000 | -52.9% | 0.3% |
| Citizens Bank | $630,000 | $265,000 | -57.9% | 0.3% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $255,000 | n/a | 0.3% | |
| SENTE MORTGAGE, INC. | $255,000 | n/a | 0.3% | |
| ROYAL UNITED MORTGAGE LLC | $190,000 | $250,000 | 31.6% | 0.3% |
| LOANPAL, LLC | $235,000 | n/a | 0.3% | |
| AMERICAN FINANCIAL NETWORK, INC. | $225,000 | n/a | 0.3% | |
| THE MORTGAGE WAREHOUSE,LLC | $135,000 | $225,000 | 66.7% | 0.3% |
| Central Bank | $65,000 | $210,000 | 223.1% | 0.2% |
| BROKER SOLUTIONS, INC. | $495,000 | $205,000 | -58.6% | 0.2% |
| ZILLOW HOME LOANS, LLC | $220,000 | $195,000 | -11.4% | 0.2% |
| Ally Bank | $185,000 | n/a | 0.2% | |
| Park Lane Finance Solutions, LLC | $25,000 | $180,000 | 620.0% | 0.2% |
| L & N Federal Credit Union | $170,000 | $175,000 | 2.9% | 0.2% |
| First Harrison Bank | $520,000 | $165,000 | -68.3% | 0.2% |
| Great Plains National Bank | $165,000 | n/a | 0.2% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $165,000 | n/a | 0.2% | |
| Sierra Pacific Mortgage Company, Inc. | $165,000 | $165,000 | 0.0% | 0.2% |
| First Federal Bank | $155,000 | n/a | 0.2% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $145,000 | n/a | 0.2% | |
| FIRST COMMUNITY MORTGAGE, INC. | $215,000 | $145,000 | -32.6% | 0.2% |
| Meade County Bank | $145,000 | n/a | 0.2% | |
| PLANET HOME LENDING, LLC | $175,000 | $145,000 | -17.1% | 0.2% |
| Texana Bank | $145,000 | n/a | 0.2% | |
| UNITED MORTGAGE CORP | $145,000 | n/a | 0.2% | |
| HALLMARK HOME MORTGAGE, LLC | $140,000 | n/a | 0.2% | |
| Bank of America | $135,000 | n/a | 0.2% | |
| First Savings Bank | $1,435,000 | $135,000 | -90.6% | 0.2% |
| PARK COMMUNITY CREDIT UNION, INC. | $135,000 | n/a | 0.2% | |
| FAIR WAY LENDING LLC | $445,000 | $125,000 | -71.9% | 0.1% |
| Discover Bank | $140,000 | $110,000 | -21.4% | 0.1% |
| NEW DAY FINANCIAL, LLC | $215,000 | $85,000 | -60.5% | 0.1% |
| NEWREZ LLC | $165,000 | $85,000 | -48.5% | 0.1% |
| USAA Federal Savings Bank | $85,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $310,000 | $80,000 | -74.2% | 0.1% |
| Carrington Mortgage Services, LLC | $185,000 | $75,000 | -59.5% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $75,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $65,000 | n/a | 0.1% | |
| Old National Bank | $90,000 | $55,000 | -38.9% | 0.1% |
| Figure Lending LLC | $45,000 | $35,000 | -22.2% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $25,000 | n/a | 0.0% |
Scottsburg's top lender by overall market share is Centra Credit Union, with 16.1% market share. In second place, with 5.5%, is INTERLINC MORTGAGE SERVICES, LLC, having originated $4,775,000 in loans. In third place, with 5.4%, is DIRECT MORTGAGE LOANS, LLC, having originated $4,705,000 in loans. In fourth place, with 5.3%, is QUICKEN LOANS, LLC, having originated $4,600,000 in loans. In fifth place, with 5.2%, is INDIANA UNIVERSITY CREDIT UNION, having originated $4,555,000 in loans.
Scottsburg, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 290 | $52,090,000 | $179,621 |
| Other | 89 | $5,665,000 | $63,652 |
| Cash Out Refi | 87 | $10,545,000 | $121,207 |
| Refi | 77 | $15,065,000 | $195,649 |
| Home Improvement | 47 | $3,125,000 | $66,489 |
| NA | 4 | $430,000 | $107,500 |
Scottsburg's most frequently cited loan purpose was Home Purchase, with 290 originations. The 2nd most popular reason was Other, with 89 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 200 | $38,500,000 | $192,500 |
| 7-8% | 132 | $22,000,000 | $166,667 |
| 5-6% | 126 | $16,520,000 | $131,111 |
| Over 8% | 105 | $7,735,000 | $73,667 |
| <2.5% | 16 | $840,000 | $52,500 |
| 3-4% | 9 | $485,000 | $53,889 |
| 4-5% | 3 | $565,000 | $188,333 |
| 2.5-3% | 1 | $125,000 | $125,000 |
During 2024, Scottsburg's most frequently originated rate bucket was 6-7%, with 200 originations.
Loan Sizing (Scottsburg, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 238 | $36,190,000 | $152,059 |
| $100,000 or less | 237 | $12,365,000 | $52,173 |
| $200k-400k | 111 | $28,715,000 | $258,694 |
| $400k-600k | 6 | $2,810,000 | $468,333 |
| $Over $1MM | 2 | $6,840,000 | $3,420,000 |
Scottsburg's loan sizing saw the bucket of loans from $100k-200k with 238 originations, totaling $36,190,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 255 | $48,545,000 | $190,373 |
| 20-40% | 95 | $6,395,000 | $67,316 |
| Under 20% | 83 | $2,675,000 | $32,229 |
| 60-80% | 70 | $17,010,000 | $243,000 |
| 40-60% | 61 | $7,415,000 | $121,557 |
| Over 100% | 9 | $1,935,000 | $215,000 |
Scottsburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 255 originations, totaling $48,545,000 in origination value.