Scottsburg Mortgage Rates
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% |
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.).
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.
