Seymour Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Seymour averaged
6.88%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.81% and
one month ago for the week of 2024-10-03, the
average rate was 6.01%.
Seymour's average rate one year ago was 7.45%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.19%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Seymour 30 Year Fixed Rate | 2024-11-07 | 6.88% |
| Seymour 30 Year Fixed Rate Refi | 2024-11-07 | 7.19% |
| Seymour 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Seymour 15 Year Fixed Rate Refi | 2024-11-07 | 6% |
| Seymour 30 Year FHA | 2024-11-07 | 6.93% |
| Seymour 30 Year FHA Refi | 2024-11-07 | 6.33% |
| Seymour 30 Year USDA | 2024-11-07 | 6.68% |
| Seymour 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Seymour 30 Year VA | 2024-11-07 | 6.34% |
| Seymour 30 Year VA Refi | 2024-11-07 | 6.24% |
Seymour 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 Seymour, 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.).
Seymour Average Closing Costs & Other Stats
Seymour, IN's 53 lenders originated 837
loans during 2023. The total origination value was $126,535,000, with an average loan value of
$151,177.
Seymour's average closing costs are $4,002.
The top Seymour lender as defined by loan originations is Jackson County Bank, with
52 loans originated. Their average total fees are
$3,300, which is $576
higher than the next largest lender,
Centra Credit Union.
The lowest fee Seymour lenders (with over 10 loans originated) are
Centra Credit Union ($2,723), Jackson County Bank ($3,300), First Financial Bank ($3,302), Wolfe Financial, Inc ($4,195) and GVC MORTGAGE, INC. ($5,321).
The lowest rate Seymour lenders (with over 10 loans originated) are
Jackson County Bank (6.10%), Centra Credit Union (6.31%), First Financial Bank (6.81%), Wolfe Financial, Inc (6.99%) and GVC MORTGAGE, INC. (7.25%).
Seymour, 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 |
|---|---|---|---|---|
| Jackson County Bank | $34,360,000 | $25,450,000 | -25.9% | 20.1% |
| Centra Credit Union | $14,800,000 | $13,500,000 | -8.8% | 10.7% |
| GVC MORTGAGE, INC. | $11,190,000 | $11,625,000 | 3.9% | 9.2% |
| Wolfe Financial, Inc | $18,070,000 | $11,015,000 | -39.0% | 8.7% |
| First Financial Bank | $5,420,000 | $6,285,000 | 16.0% | 5.0% |
| QUICKEN LOANS, LLC | $7,585,000 | $4,945,000 | -34.8% | 3.9% |
| Old National Bank | $6,850,000 | $3,875,000 | -43.4% | 3.1% |
| RUOFF MORTGAGE COMPANY, INC. | $7,380,000 | $3,815,000 | -48.3% | 3.0% |
| DIRECT MORTGAGE LOANS, LLC | $4,700,000 | $3,210,000 | -31.7% | 2.5% |
| German American Bank | $5,715,000 | $2,915,000 | -49.0% | 2.3% |
| Owen County State Bank | $2,395,000 | $2,585,000 | 7.9% | 2.0% |
| PNC Bank | $3,985,000 | $2,180,000 | -45.3% | 1.7% |
| Northwest Bank | $2,710,000 | $2,040,000 | -24.7% | 1.6% |
| The Federal Savings Bank | $1,890,000 | n/a | 1.5% | |
| Mortgage Research Center, LLC | $2,940,000 | $1,855,000 | -36.9% | 1.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,320,000 | $1,815,000 | 37.5% | 1.4% |
| HALLMARK HOME MORTGAGE, LLC | $2,065,000 | $1,385,000 | -32.9% | 1.1% |
| The Huntington National Bank | $1,130,000 | $1,175,000 | 4.0% | 0.9% |
| Prosperity Home Mortgage, LLC | $1,060,000 | n/a | 0.8% | |
| Farm Credit Mid-America, ACA | $1,900,000 | $1,045,000 | -45.0% | 0.8% |
| AMERISAVE MORTGAGE CORPORATION | $1,660,000 | $990,000 | -40.4% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $945,000 | $895,000 | -5.3% | 0.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $945,000 | $830,000 | -12.2% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,290,000 | $810,000 | -37.2% | 0.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $955,000 | $810,000 | -15.2% | 0.6% |
| BEACON CREDIT UNION | $145,000 | $805,000 | 455.2% | 0.6% |
| USAA Federal Savings Bank | $440,000 | $725,000 | 64.8% | 0.6% |
| CMG MORTGAGE, INC. | $480,000 | $690,000 | 43.8% | 0.5% |
| Northpointe Bank | $620,000 | $625,000 | 0.8% | 0.5% |
| LOANDEPOT.COM, LLC | $1,590,000 | $615,000 | -61.3% | 0.5% |
| Carrington Mortgage Services, LLC | $885,000 | $595,000 | -32.8% | 0.5% |
| CARDINAL FINANCIAL | $1,055,000 | $560,000 | -46.9% | 0.4% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $95,000 | $500,000 | 426.3% | 0.4% |
| FIRST COMMUNITY MORTGAGE, INC. | $175,000 | $490,000 | 180.0% | 0.4% |
| UNION HOME MORTGAGE CORP. | $290,000 | $430,000 | 48.3% | 0.3% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $415,000 | n/a | 0.3% | |
| CHURCHILL MORTGAGE CORPORATION | $565,000 | $375,000 | -33.6% | 0.3% |
| Centier Bank | $285,000 | $370,000 | 29.8% | 0.3% |
| BROKER SOLUTIONS, INC. | $985,000 | $350,000 | -64.5% | 0.3% |
| Fifth Third Bank | $1,670,000 | $340,000 | -79.6% | 0.3% |
| PENTAGON FEDERAL CREDIT UNION | $335,000 | n/a | 0.3% | |
| Citizens Bank | $380,000 | $330,000 | -13.2% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $315,000 | n/a | 0.2% | |
| Advisors Mortgage Group, L.L.C. | $300,000 | n/a | 0.2% | |
| First Savings Bank | $115,000 | $300,000 | 160.9% | 0.2% |
| JPMorgan Chase Bank | $130,000 | $300,000 | 130.8% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $300,000 | n/a | 0.2% | |
| STAR Financial Bank | $295,000 | n/a | 0.2% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $485,000 | $295,000 | -39.2% | 0.2% |
| NEWREZ LLC | $690,000 | $290,000 | -58.0% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $515,000 | $280,000 | -45.6% | 0.2% |
| 21ST MORTGAGE CORPORATION | $475,000 | $270,000 | -43.2% | 0.2% |
| LOANPAL, LLC | $235,000 | $270,000 | 14.9% | 0.2% |
| STOCKTON MORTGAGE CORPORATION | $595,000 | $265,000 | -55.5% | 0.2% |
| Union Savings Bank | $855,000 | $240,000 | -71.9% | 0.2% |
| Wells Fargo Bank | $1,095,000 | $240,000 | -78.1% | 0.2% |
| Regions Bank | $365,000 | $235,000 | -35.6% | 0.2% |
| EMM LOANS LLC | $225,000 | n/a | 0.2% | |
| Sierra Pacific Mortgage Company, Inc. | $225,000 | n/a | 0.2% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $215,000 | n/a | 0.2% | |
| First Option Mortgage, LLC | $205,000 | n/a | 0.2% | |
| U.S. Bank | $120,000 | $205,000 | 70.8% | 0.2% |
| CALIBER HOME LOANS, INC. | $300,000 | $195,000 | -35.0% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $720,000 | $195,000 | -72.9% | 0.2% |
| The Friendship State Bank | $195,000 | n/a | 0.2% | |
| First Harrison Bank | $185,000 | n/a | 0.1% | |
| Bank of England | $175,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $330,000 | $165,000 | -50.0% | 0.1% |
| PLANET HOME LENDING, LLC | $390,000 | $165,000 | -57.7% | 0.1% |
| SIRVA MORTGAGE, INC. | $165,000 | n/a | 0.1% | |
| LEADERONE FINANCIAL CORPORATION | $160,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $155,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $155,000 | n/a | 0.1% | |
| Nations Lending Corporation | $155,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $605,000 | $150,000 | -75.2% | 0.1% |
| First Merchants Bank | $135,000 | $145,000 | 7.4% | 0.1% |
| PHH Mortgage Corporation | $135,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $420,000 | $135,000 | -67.9% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $125,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $735,000 | $125,000 | -83.0% | 0.1% |
| FREEDOM MORTGAGE CORPORATION | $2,555,000 | $125,000 | -95.1% | 0.1% |
| OPEN MORTGAGE, LLC | $125,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $105,000 | n/a | 0.1% | |
| WesBanco | $370,000 | $105,000 | -71.6% | 0.1% |
| CRANE | $320,000 | $100,000 | -68.8% | 0.1% |
| AMCAP MORTGAGE, LTD. | $85,000 | $95,000 | 11.8% | 0.1% |
| EVERETT FINANCIAL, INC. | $95,000 | n/a | 0.1% | |
| INDIANA UNIVERSITY CREDIT UNION | $385,000 | $95,000 | -75.3% | 0.1% |
| N R L Federal Credit Union | $95,000 | n/a | 0.1% | |
| Discover Bank | $45,000 | $90,000 | 100.0% | 0.1% |
| Equity Prime Mortgage LLC | $65,000 | $85,000 | 30.8% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $85,000 | n/a | 0.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $85,000 | n/a | 0.1% | |
| FORUM Credit Union | $350,000 | $65,000 | -81.4% | 0.1% |
| Elements Financial Federal Credit Union | $875,000 | $55,000 | -93.7% | 0.0% |
| Horizon Bank | $15,000 | $35,000 | 133.3% | 0.0% |
| TEACHERS CREDIT UNION | $25,000 | n/a | 0.0% |
Seymour's top lender by overall market share is Jackson County Bank, with 20.1% market share. In second place, with 10.7%, is Centra Credit Union, having originated $13,500,000 in loans. In third place, with 9.2%, is GVC MORTGAGE, INC., having originated $11,625,000 in loans. In fourth place, with 8.7%, is Wolfe Financial, Inc, having originated $11,015,000 in loans. In fifth place, with 5.0%, is First Financial Bank, having originated $6,285,000 in loans.
Seymour, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 429 | $87,345,000 | $203,601 |
| Cash Out Refi | 142 | $17,950,000 | $126,408 |
| Other | 139 | $10,495,000 | $75,504 |
| Home Improvement | 70 | $4,060,000 | $58,000 |
| Refi | 57 | $6,685,000 | $117,281 |
Seymour's most frequently cited loan purpose was Home Purchase, with 429 originations. The 2nd most popular reason was Cash Out Refi, with 142 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 289 | $49,985,000 | $172,958 |
| 7-8% | 213 | $34,745,000 | $163,122 |
| 5-6% | 148 | $24,540,000 | $165,811 |
| Over 8% | 80 | $6,330,000 | $79,125 |
| <2.5% | 50 | $4,100,000 | $82,000 |
| 4-5% | 23 | $2,865,000 | $124,565 |
| 2.5-3% | 17 | $1,225,000 | $72,059 |
| 3-4% | 3 | $135,000 | $45,000 |
During 2023, Seymour's most frequently originated rate bucket was 6-7%, with 289 originations.
Loan Sizing (Seymour, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 342 | $50,950,000 | $148,977 |
| $100,000 or less | 292 | $15,710,000 | $53,801 |
| $200k-400k | 180 | $47,650,000 | $264,722 |
| $400k-600k | 17 | $7,675,000 | $451,471 |
| $600k-1000k | 5 | $3,365,000 | $673,000 |
| $Over $1MM | 1 | $1,185,000 | $1,185,000 |
Seymour's loan sizing saw the bucket of loans from $100k-200k with 342 originations, totaling $50,950,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 343 | $71,215,000 | $207,624 |
| 60-80% | 153 | $28,375,000 | $185,458 |
| Under 20% | 129 | $5,225,000 | $40,504 |
| 20-40% | 126 | $8,800,000 | $69,841 |
| 40-60% | 69 | $8,605,000 | $124,710 |
| Over 100% | 6 | $1,730,000 | $288,333 |
Seymour's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 343 originations, totaling $71,215,000 in origination value.