Scottsburg Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Scottsburg averaged 6.6% for the week of 2024-10-10, compared to the national average of 6.32% for the same period.

The average rate for the prior week (2024-10-03) was 6% and one month ago for the week of 2024-09-05, the average rate was 6.53%.

Scottsburg's average rate one year ago was 7.57%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.82%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Scottsburg 30 Year Fixed Rate 2024-10-10 6.6%
Scottsburg 30 Year Fixed Rate Refi 2024-10-10 6.82%
Scottsburg 15 Year Fixed Rate 2024-10-10 5.21%
Scottsburg 15 Year Fixed Rate Refi 2024-10-10 5.81%
Scottsburg 30 Year FHA 2024-10-10 6.01%
Scottsburg 30 Year FHA Refi 2024-10-10 6.2%
Scottsburg 30 Year USDA 2024-10-10 6.18%
Scottsburg 30 Year USDA Refi 2024-10-10 5.88%
Scottsburg 30 Year VA 2024-10-10 5.95%
Scottsburg 30 Year VA Refi 2024-10-10 5.75%
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 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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Centra Credit Union 30 6.54% $2,916
UNITED WHOLESALE MORTGAGE, LLC 14 6.86% $5,255
QUICKEN LOANS, LLC 7 6.68% $7,954
DIRECT MORTGAGE LOANS, LLC 6 6.98% $5,906
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 7.25% $5,287
Stock Yards Bank & Trust Company 5 5.98% $2,461
Farm Credit Mid-America, ACA 5 6.63% $5,589
First Savings Bank 4 7.00% $3,132
Northpointe Bank 4 6.59% $3,176
WesBanco 3 7.25% $3,460
JPMorgan Chase Bank 3 7.04% $1,747
STOCKTON MORTGAGE CORPORATION 2 6.50% $4,953
VANDERBILT MORTGAGE AND FINANCE, INC. 2 8.13% $9,222
ZILLOW HOME LOANS, LLC 2 7.81% $4,056
INTERLINC MORTGAGE SERVICES, LLC 2 6.81% $1,744
Jackson County Bank 2 6.50% $5,502
Mortgage Research Center, LLC 1 5.75% $5,990
21ST MORTGAGE CORPORATION 1 7.45% $7,308
NEWREZ LLC 1 8.50% $4,151
PENNYMAC LOAN SERVICES, LLC 1 6.99% $2,577
PLUS RELOCATION MORTGAGE, LLC 1 6.63% $5,177
Prosperity Home Mortgage, LLC 1 6.63% $3,340
Republic Bank & Trust Company 1 7.25% $2,566
RUOFF MORTGAGE COMPANY, INC. 1 7.25% $4,917
The Loan Store, Inc. 1 7.25% $2,820
Mr. Cooper ( Nationstar Mortgage ) 1 7.38% $9,056
Citizens Bank 1 7.49% $3,529
County National Bank 1 7.00% $3,864
Discover Bank 1 8.79% $0
FAIR WAY LENDING LLC 1 6.99% $5,117
First Financial Bank 1 6.00% $2,301
FORUM Credit Union 1 5.88% $3,485
German American Bank 1 5.88% $2,876
GUARANTEED RATE, INC. 1 7.50% $4,648
Guardian Savings Bank, A Federal Savings Bank 1 7.50% $5,001
GUILD MORTGAGE COMPANY 1 7.50% $5,195
GVC MORTGAGE, INC. 1 7.38% $3,461
HOMESIDE FINANCIAL, LLC 1 6.75% $1,045
LAKEVIEW LOAN SERVICING, LLC 1 7.88% $8,119
LEADERONE FINANCIAL CORPORATION 1 6.88% $3,032
L & N Federal Credit Union 1 8.13% $2,111

Scottsburg Average Closing Costs & Other Stats

Scottsburg, IN's 41 lenders originated 504 loans during 2023. The total origination value was $76,560,000, with an average loan value of $151,905.

Scottsburg's average closing costs are $4,431.

The top Scottsburg lender as defined by loan originations is Centra Credit Union, with 30 loans originated. Their average total fees are $2,916, which is $2,339 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Scottsburg lenders (with over 10 loans originated) are Centra Credit Union ($2,916), UNITED WHOLESALE MORTGAGE, LLC ($5,255), .

The lowest rate Scottsburg lenders (with over 10 loans originated) are Centra Credit Union (6.54%), UNITED WHOLESALE MORTGAGE, LLC (6.86%), .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Centra Credit Union $15,000,000 $13,165,000 -12.2% 17.2%
UNITED WHOLESALE MORTGAGE, LLC $6,920,000 $7,490,000 8.2% 9.8%
DIRECT MORTGAGE LOANS, LLC $8,405,000 $4,280,000 -49.1% 5.6%
QUICKEN LOANS, LLC $3,750,000 $3,865,000 3.1% 5.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $570,000 $2,545,000 346.5% 3.3%
WALKER & DUNLOP, LLC $2,495,000 n/a 3.3%
EVANSVILLE TEACHERS $325,000 $1,880,000 478.5% 2.5%
Northpointe Bank $1,550,000 $1,830,000 18.1% 2.4%
Stock Yards Bank & Trust Company $1,540,000 $1,740,000 13.0% 2.3%
Farm Credit Mid-America, ACA $905,000 $1,620,000 79.0% 2.1%
Mortgage Research Center, LLC $1,975,000 $1,565,000 -20.8% 2.0%
First Savings Bank $2,140,000 $1,435,000 -32.9% 1.9%
STOCKTON MORTGAGE CORPORATION $1,145,000 n/a 1.5%
RUOFF MORTGAGE COMPANY, INC. $2,850,000 $1,115,000 -60.9% 1.5%
INSPIRE HOME LOANS INC. $2,760,000 $1,100,000 -60.1% 1.4%
INTERLINC MORTGAGE SERVICES, LLC $1,570,000 $1,045,000 -33.4% 1.4%
FREEDOM MORTGAGE CORPORATION $4,075,000 $1,025,000 -74.8% 1.3%
JPMorgan Chase Bank $1,110,000 $980,000 -11.7% 1.3%
WesBanco $1,600,000 $965,000 -39.7% 1.3%
Equity Prime Mortgage LLC $495,000 $930,000 87.9% 1.2%
First Financial Bank $940,000 $910,000 -3.2% 1.2%
1ST SIGNATURE LENDING, LLC $440,000 $905,000 105.7% 1.2%
PENNYMAC LOAN SERVICES, LLC $940,000 $860,000 -8.5% 1.1%
21ST MORTGAGE CORPORATION $1,880,000 $760,000 -59.6% 1.0%
German American Bank $1,295,000 $730,000 -43.6% 1.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $155,000 $730,000 371.0% 1.0%
Jackson County Bank $1,115,000 $700,000 -37.2% 0.9%
SUCCESS MORTGAGE PARTNERS, INC. $900,000 $685,000 -23.9% 0.9%
Citizens Bank $295,000 $630,000 113.6% 0.8%
Republic Bank & Trust Company $75,000 $605,000 706.7% 0.8%
Plains Commerce Bank $555,000 n/a 0.7%
MUTUAL OF OMAHA MORTGAGE, INC. $535,000 n/a 0.7%
First Harrison Bank $565,000 $520,000 -8.0% 0.7%
BROKER SOLUTIONS, INC. $550,000 $495,000 -10.0% 0.6%
LOANDEPOT.COM, LLC $2,040,000 $480,000 -76.5% 0.6%
NAVY FEDERAL CREDIT UNION $185,000 $480,000 159.5% 0.6%
GVC MORTGAGE, INC. $1,545,000 $475,000 -69.3% 0.6%
GENEVA FINANCIAL, LLC $395,000 $455,000 15.2% 0.6%
FAIR WAY LENDING LLC $695,000 $445,000 -36.0% 0.6%
GUILD MORTGAGE COMPANY $435,000 n/a 0.6%
LEADERONE FINANCIAL CORPORATION $420,000 n/a 0.5%
AmeriHome Mortgage Company, LLC $415,000 n/a 0.5%
Century Mortgage Company DBA Century Lending Company $2,240,000 $410,000 -81.7% 0.5%
VILLAGE CAPITAL MORTGAGE $390,000 n/a 0.5%
Prosperity Home Mortgage, LLC $445,000 $380,000 -14.6% 0.5%
Guardian Savings Bank, A Federal Savings Bank $375,000 n/a 0.5%
Flagstar Bank, FSB $510,000 $370,000 -27.5% 0.5%
MID AMERICA MORTGAGE, INC. $610,000 $365,000 -40.2% 0.5%
PRIMARY RESIDENTIAL MORTGAGE, INC. $345,000 n/a 0.5%
LAKEVIEW LOAN SERVICING, LLC $1,025,000 $340,000 -66.8% 0.4%
Wolfe Financial, Inc $815,000 $320,000 -60.7% 0.4%
AMERISAVE MORTGAGE CORPORATION $360,000 $310,000 -13.9% 0.4%
County National Bank $305,000 n/a 0.4%
HOMESIDE FINANCIAL, LLC $225,000 $270,000 20.0% 0.4%
Fifth Third Bank $590,000 $245,000 -58.5% 0.3%
PLUS RELOCATION MORTGAGE, LLC $225,000 n/a 0.3%
ZILLOW HOME LOANS, LLC $220,000 n/a 0.3%
FIRST COMMUNITY MORTGAGE, INC. $215,000 n/a 0.3%
MORTGAGE MASTERS OF INDIANA, INC. $215,000 n/a 0.3%
NEW DAY FINANCIAL, LLC $460,000 $215,000 -53.3% 0.3%
EMM LOANS LLC $205,000 n/a 0.3%
ENVOY MORTGAGE, LTD $155,000 $205,000 32.3% 0.3%
Nations Lending Corporation $235,000 $205,000 -12.8% 0.3%
ROYAL UNITED MORTGAGE LLC $195,000 $190,000 -2.6% 0.2%
TEACHERS CREDIT UNION $55,000 $190,000 245.5% 0.2%
Carrington Mortgage Services, LLC $445,000 $185,000 -58.4% 0.2%
Mr. Cooper ( Nationstar Mortgage ) $1,280,000 $185,000 -85.5% 0.2%
PLANET HOME LENDING, LLC $175,000 n/a 0.2%
PLAZA HOME MORTGAGE, INC. $175,000 n/a 0.2%
PNC Bank $485,000 $175,000 -63.9% 0.2%
L & N Federal Credit Union $140,000 $170,000 21.4% 0.2%
GUARANTEED RATE, INC. $165,000 n/a 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $165,000 n/a 0.2%
NEWREZ LLC $345,000 $165,000 -52.2% 0.2%
Sierra Pacific Mortgage Company, Inc. $155,000 $165,000 6.5% 0.2%
CARDINAL FINANCIAL $160,000 n/a 0.2%
FORUM Credit Union $145,000 n/a 0.2%
The Loan Store, Inc. $145,000 n/a 0.2%
Discover Bank $140,000 n/a 0.2%
Bath State Bank $135,000 n/a 0.2%
Magnolia Bank $330,000 $135,000 -59.1% 0.2%
SUN WEST MORTGAGE COMPANY, INC. $135,000 n/a 0.2%
THE MORTGAGE WAREHOUSE,LLC $135,000 n/a 0.2%
The Farmers Bank of Milton $1,000,000 $125,000 -87.5% 0.2%
FINANCE OF AMERICA REVERSE LLC $95,000 n/a 0.1%
Old National Bank $125,000 $90,000 -28.0% 0.1%
U.S. Bank $235,000 $85,000 -63.8% 0.1%
The Huntington National Bank $240,000 $75,000 -68.8% 0.1%
Central Bank $65,000 n/a 0.1%
The Friendship State Bank $260,000 $55,000 -78.8% 0.1%
Figure Lending LLC $45,000 n/a 0.1%
Park Lane Finance Solutions, LLC $105,000 $25,000 -76.2% 0.0%

Scottsburg's top lender by overall market share is Centra Credit Union, with 17.2% market share. In second place, with 9.8%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $7,490,000 in loans. In third place, with 5.6%, is DIRECT MORTGAGE LOANS, LLC, having originated $4,280,000 in loans. In fourth place, with 5.0%, is QUICKEN LOANS, LLC, having originated $3,865,000 in loans. In fifth place, with 3.3%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $2,545,000 in loans.

Scottsburg, IN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 253 $49,995,000 $197,609
Other 70 $5,300,000 $75,714
Cash Out Refi 70 $10,010,000 $143,000
Home Improvement 61 $3,745,000 $61,393
Refi 43 $6,615,000 $153,837
NA 7 $895,000 $127,857

Scottsburg's most frequently cited loan purpose was Home Purchase, with 253 originations. The 2nd most popular reason was Other, with 70 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 181 $31,285,000 $172,845
7-8% 135 $22,695,000 $168,111
5-6% 81 $13,445,000 $165,988
Over 8% 64 $5,880,000 $91,875
4-5% 20 $2,010,000 $100,500
<2.5% 14 $620,000 $44,286
3-4% 2 $140,000 $70,000
2.5-3% 1 $165,000 $165,000

During 2023, Scottsburg's most frequently originated rate bucket was 6-7%, with 181 originations.

Loan Sizing (Scottsburg, IN MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 220 $32,980,000 $149,909
$100,000 or less 176 $8,840,000 $50,227
$200k-400k 93 $24,355,000 $261,882
$400k-600k 11 $5,055,000 $459,545
$600k-1000k 2 $1,430,000 $715,000
$Over $1MM 2 $3,900,000 $1,950,000

Scottsburg's loan sizing saw the bucket of loans from $100k-200k with 220 originations, totaling $32,980,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 218 $44,020,000 $201,927
60-80% 86 $16,460,000 $191,395
Under 20% 75 $2,335,000 $31,133
20-40% 65 $4,965,000 $76,385
40-60% 50 $6,910,000 $138,200
Over 100% 8 $1,610,000 $201,250

Scottsburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 218 originations, totaling $44,020,000 in origination value.