SPRINGFIELD Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Springfield averaged 6.92% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 7.05% and one month ago for the week of 2023-02-09, the average rate was 6.64%.

    Springfield's average rate one year ago was 3.75%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.94%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Springfield 30 Year Fixed Rate 2023-03-16 6.92%
    Springfield 30 Year Fixed Rate Refi 2023-03-16 6.94%
    Springfield 15 Year Fixed Rate 2023-03-16 6.48%
    Springfield 15 Year Fixed Rate Refi 2023-03-16 6.5%
    Springfield 30 Year FHA 2023-03-16 6.37%
    Springfield 30 Year FHA Refi 2023-03-16 6.08%
    Springfield 30 Year USDA 2023-03-16 6.28%
    Springfield 30 Year USDA Refi 2023-03-16 6.34%
    Springfield 30 Year VA 2023-03-16 6.18%
    Springfield 30 Year VA Refi 2023-03-16 5.85%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within SPRINGFIELD, OH.

    SPRINGFIELD 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 SPRINGFIELD, OH 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    WRIGHT-PATT CREDIT UNION, INC. 127 5.15% $2,492
    CALIBER HOME LOANS, INC. 94 5.17% $3,641
    PRIMELENDING, A PLAINSCAPITAL COMPANY 72 5.45% $4,336
    QUICKEN LOANS, LLC 70 5.09% $5,601
    The Huntington National Bank 61 5.12% $3,490
    T2 FINANCIAL LLC 51 5.28% $4,972
    Union Savings Bank 43 3.96% $1,428
    The Park National Bank 38 5.32% $3,224
    CROSSCOUNTRY MORTGAGE, LLC 24 6.07% $5,405
    Fifth Third Bank 21 5.29% $3,409
    NVR Mortgage Finance, Inc. 20 4.51% $6,285
    NFM, INC. 20 5.21% $5,638
    THRIVE MORTGAGE, LLC 20 5.31% $4,227
    DAS Acquisition Company, LLC 19 5.78% $5,545
    UNITED WHOLESALE MORTGAGE, LLC 18 5.64% $4,762
    Mr. Cooper ( Nationstar Mortgage ) 17 4.93% $7,886
    LOANDEPOT.COM, LLC 16 5.36% $4,706
    PNC Bank 15 5.23% $3,931
    JPMorgan Chase Bank 15 4.82% $3,232
    U.S. Bank 13 4.99% $3,311
    KeyBank 12 5.17% $3,447
    WesBanco Bank, Inc. 11 5.01% $3,496
    Wells Fargo Bank 10 4.79% $4,226
    UNION HOME MORTGAGE CORP. 10 5.35% $4,402
    Flagstar Bank, FSB 9 5.30% $4,875
    Farm Credit Mid-America, ACA 8 5.39% $7,912
    AMERISAVE MORTGAGE CORPORATION 8 4.27% $8,095
    Third Federal Savings and Loan Association of Cleveland 7 4.15% $2,178
    Civista Bank 7 6.04% $3,257
    EQUITY RESOURCES, INC. 7 4.64% $2,763
    First Financial Bank 6 5.77% $3,792
    HOMESIDE FINANCIAL, LLC 6 5.56% $5,481
    MOVEMENT MORTGAGE, LLC 5 5.35% $6,930
    RUOFF MORTGAGE COMPANY, INC. 5 5.35% $3,155
    ROYAL UNITED MORTGAGE LLC 5 6.60% $7,008
    FIRST OHIO HOME FINANCE, INC. 5 6.87% $3,860
    RAPID MORTGAGE COMPANY 5 5.05% $4,367
    INSPIRE HOME LOANS INC. 5 5.90% $5,766
    THE EQUITABLE MORTGAGE CORPORATION 4 5.97% $3,761
    BROKER SOLUTIONS, INC. 4 6.13% $6,044
    GSF Mortgage Corporation 4 5.78% $4,002
    The Old Fort Banking Company 4 4.25% $2,577
    BETTER MORTGAGE CORPORATION 4 4.38% $2,197
    FREEDOM MORTGAGE CORPORATION 4 4.28% $4,748
    GUARANTEED RATE, INC. 3 4.90% $4,322
    Carrington Mortgage Services, LLC 3 4.42% $5,158
    NAVY FEDERAL CREDIT UNION 3 6.21% $3,739
    POLARIS HOME FUNDING CORP. 3 5.67% $5,393
    RELIANCE FIRST CAPITAL, LLC 3 4.67% $7,770
    The Merchants National Bank 3 5.28% $1,789
    UNIVERSAL 1 CREDIT UNION 3 4.42% $2,941
    USAA Federal Savings Bank 3 6.54% $4,831
    AMERICAN FINANCING CORPORATION 3 4.91% $5,781
    Bank of America 3 4.17% $8,093
    HONDA Federal Credit Union 3 5.29% $3,033
    Ally Bank 3 5.75% $3,285
    Merchants Bank of Indiana 2 5.81% $3,331
    MUTUAL OF OMAHA MORTGAGE, INC. 2 5.00% $3,940
    GUILD MORTGAGE COMPANY 2 4.18% $4,897
    GUARANTEED RATE AFFINITY, LLC 2 3.88% $3,694
    Gateway First Bank 2 6.19% $4,273
    Citizens Bank 2 5.25% $4,640
    Bank of England 2 4.88% $4,805
    CHURCHILL MORTGAGE CORPORATION 2 5.63% $4,977
    Princeton Mortgage Corporation 2 5.38% $6,855
    DIRECT MORTGAGE LOANS, LLC 2 4.87% $3,470
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.43% $6,468
    First Federal Bank of the Midwest 2 4.38% $3,279
    LIBERTY HOME MORTGAGE CORPORATION 2 5.50% $5,495
    Cf Bank 2 4.63% $1,887
    PENNYMAC LOAN SERVICES, LLC 2 5.50% $6,701
    Heartland Bank 2 4.94% $2,690
    Firefighters & Company FCU 2 5.50% $2,913
    AMERICAN MORTGAGE SERVICE COMPANY 2 7.06% $3,204
    VAN DYK MORTGAGE CORPORATION 2 5.69% $1,734
    ZILLOW HOME LOANS, LLC 1 5.63% $6,525
    AmeriHome Mortgage Company, LLC 1 4.88% $6,798
    ASHLAND Credit Union 1 5.13% $3,070
    Axos Bank 1 5.88% $4,738
    BMO Harris Bank 1 5.50% $4,420
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.63% $2,526
    CME Federal Credit Union 1 4.50% $3,453
    COMMUNITYAMERICA 1 5.75% $3,649
    COMPASS MORTGAGE, INC. 1 5.38% $3,867
    Dieterich Bank 1 5.13% $2,914
    DIGITAL Federal Credit Union 1 4.88% $3,476
    Discover Bank 1 7.24% $0
    Dollar Bank, Federal Savings Bank 1 5.50% $13,733
    ENDEAVOR CAPITAL, LLC. 1 7.13% $6,266
    EVERETT FINANCIAL, INC. 1 4.38% $2,834
    FINANCE OF AMERICA MORTGAGE LLC 1 6.99% $4,267
    First Commonwealth Bank 1 4.50% $2,911
    First Federal Savings and Loan Association of Lakewood 1 6.17% $9,916
    First Internet Bank of Indiana 1 6.25% $4,213
    HANCOCK MORTGAGE PARTNERS, LLC 1 6.50% $5,235
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.38% $6,132
    HOME POINT FINANCIAL CORPORATION 1 5.63% $2,216
    Hometown Lenders, Inc. 1 6.13% $3,253
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 5.75% $3,995
    KEMBA CREDIT UNION, INC. 1 6.75% $3,153
    KEMBA FINANCIAL 1 3.13% $3,141
    LAKE MICHIGAN CREDIT UNION 1 3.00% $2,765
    LAKEVIEW LOAN SERVICING, LLC 1 6.13% $2,922
    LCNB National Bank 1 3.38% $2,592
    LEADERONE FINANCIAL CORPORATION 1 5.75% $3,912
    LOANPAL, LLC 1 4.88% $6,435
    Mercantile Bank of Michigan 1 6.25% $3,416
    MICHIGAN MUTUAL, INC. 1 5.75% $11,928
    MORIA DEVELOPMENT, INC. 1 5.88% $5,406
    NATIONS DIRECT MORTGAGE, LLC 1 5.50% $4,898
    Nations Lending Corporation 1 5.88% $13,707
    NATIONS RELIABLE LENDING, LLC 1 5.50% $4,405
    NEWREZ LLC 1 6.63% $5,109
    Peoples Bank 1 4.75% $1,268
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.38% $2,468
    PRIORITY MORTGAGE CORP. 1 5.13% $4,463
    RBC Bank, (Georgia) 1 5.25% $1,958
    Regions Bank 1 5.13% $2,652
    Republic Bank & Trust Company 1 4.00% $5,537
    ROSS MORTGAGE CORPORATION 1 6.50% $11,316
    SOUTHWEST FUNDING, LP 1 6.13% $5,495
    Superior Credit Union, Inc. 1 3.63% $4,040
    The Citizens National Bank of Bluffton 1 5.50% $5,005
    The Farmers & Merchants State Bank 1 5.75% $3,651
    The Richwood Banking Company 1 3.97% $2,097
    Three Rivers Federal Credit Union 1 4.38% $3,594
    Advisors Mortgage Group, L.L.C. 1 3.25% $2,918

    SPRINGFIELD Average Closing Costs & Other Stats

    SPRINGFIELD, OH's 127 lenders originated 3,399 loans during 2022. The total origination value was $503,125,000, with an average loan value of $148,021.

    SPRINGFIELD's average closing costs are $4,336.

    The top SPRINGFIELD lender as defined by loan originations is WRIGHT-PATT CREDIT UNION, INC., with 127 loans originated. Their average total fees are $2,492, which is $1,149 lower than the next largest lender, CALIBER HOME LOANS, INC..

    The lowest fee SPRINGFIELD lenders (with over 10 loans originated) are Union Savings Bank ($1,428), WRIGHT-PATT CREDIT UNION, INC. ($2,492), The Park National Bank ($3,224), JPMorgan Chase Bank ($3,232) and U.S. Bank ($3,311).

    The lowest rate SPRINGFIELD lenders (with over 10 loans originated) are Union Savings Bank (3.96%), NVR Mortgage Finance, Inc. (4.51%), Wells Fargo Bank (4.79%), JPMorgan Chase Bank (4.82%) and Mr. Cooper ( Nationstar Mortgage ) (4.93%).

    SPRINGFIELD, OH 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    WRIGHT-PATT CREDIT UNION, INC. $69,635,000 $50,705,000 -27.2% 10.1%
    CALIBER HOME LOANS, INC. $51,340,000 $36,935,000 -28.1% 7.3%
    QUICKEN LOANS, LLC $62,995,000 $29,455,000 -53.2% 5.9%
    The Huntington National Bank $35,660,000 $22,650,000 -36.5% 4.5%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $22,700,000 $21,065,000 -7.2% 4.2%
    The Park National Bank $30,070,000 $19,630,000 -34.7% 3.9%
    New Carlisle Federal Savings Bank $31,670,000 $16,005,000 -49.5% 3.2%
    T2 FINANCIAL LLC $10,585,000 $14,910,000 40.9% 3.0%
    Union Savings Bank $23,955,000 $14,495,000 -39.5% 2.9%
    NVR Mortgage Finance, Inc. $8,865,000 $11,350,000 28.0% 2.3%
    PNC Bank $12,640,000 $11,180,000 -11.6% 2.2%
    Mortgage Research Center, LLC $8,700,000 $10,730,000 23.3% 2.1%
    Fifth Third Bank $18,175,000 $9,910,000 -45.5% 2.0%
    UNITED WHOLESALE MORTGAGE, LLC $6,865,000 $9,625,000 40.2% 1.9%
    LOANDEPOT.COM, LLC $31,285,000 $9,525,000 -69.6% 1.9%
    CROSSCOUNTRY MORTGAGE, LLC $5,580,000 $9,235,000 65.5% 1.8%
    DAS Acquisition Company, LLC $10,670,000 $8,870,000 -16.9% 1.8%
    WesBanco Bank, Inc. $12,545,000 $8,855,000 -29.4% 1.8%
    KeyBank $4,660,000 $7,855,000 68.6% 1.6%
    THRIVE MORTGAGE, LLC $13,070,000 $7,485,000 -42.7% 1.5%
    Mr. Cooper ( Nationstar Mortgage ) $7,590,000 $7,065,000 -6.9% 1.4%
    NFM, INC. $3,740,000 $6,745,000 80.3% 1.3%
    First Merchants Bank $5,405,000 n/a 1.1%
    U.S. Bank $8,585,000 $5,090,000 -40.7% 1.0%
    Citizens Bank $1,040,000 $5,005,000 381.3% 1.0%
    UNION HOME MORTGAGE CORP. $8,265,000 $4,530,000 -45.2% 0.9%
    The Farmers & Merchants State Bank $6,715,000 $4,410,000 -34.3% 0.9%
    JPMorgan Chase Bank $7,220,000 $4,310,000 -40.3% 0.9%
    AMERISAVE MORTGAGE CORPORATION $5,990,000 $3,740,000 -37.6% 0.7%
    FREEDOM MORTGAGE CORPORATION $17,370,000 $3,675,000 -78.8% 0.7%
    Farm Credit Mid-America, ACA $4,520,000 $3,565,000 -21.1% 0.7%
    The Richwood Banking Company $9,795,000 $3,440,000 -64.9% 0.7%
    RUOFF MORTGAGE COMPANY, INC. $2,270,000 $3,380,000 48.9% 0.7%
    Wells Fargo Bank $6,220,000 $3,225,000 -48.2% 0.6%
    IH CREDIT UNION, INC. $2,415,000 $2,740,000 13.5% 0.5%
    NEW DAY FINANCIAL, LLC $2,765,000 $2,665,000 -3.6% 0.5%
    INSPIRE HOME LOANS INC. $2,580,000 n/a 0.5%
    NAVY FEDERAL CREDIT UNION $4,410,000 $2,570,000 -41.7% 0.5%
    USAA Federal Savings Bank $3,540,000 $2,500,000 -29.4% 0.5%
    S&T Bank $2,435,000 n/a 0.5%
    PENNYMAC LOAN SERVICES, LLC $5,785,000 $2,320,000 -59.9% 0.5%
    Regions Bank $2,280,000 n/a 0.5%
    MOVEMENT MORTGAGE, LLC $530,000 $2,225,000 319.8% 0.4%
    Flagstar Bank, FSB $1,040,000 $2,140,000 105.8% 0.4%
    Third Federal Savings and Loan Association of Cleveland $2,310,000 $2,105,000 -8.9% 0.4%
    First Federal Bank of the Midwest $3,185,000 $2,095,000 -34.2% 0.4%
    RiverHills Bank $2,095,000 n/a 0.4%
    HOMESIDE FINANCIAL, LLC $2,530,000 $2,015,000 -20.4% 0.4%
    The Merchants National Bank $2,910,000 $2,005,000 -31.1% 0.4%
    The Old Fort Banking Company $2,635,000 $2,005,000 -23.9% 0.4%
    GUARANTEED RATE, INC. $1,895,000 $1,785,000 -5.8% 0.4%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,235,000 $1,760,000 42.5% 0.3%
    EQUITY RESOURCES, INC. $5,600,000 $1,685,000 -69.9% 0.3%
    BROKER SOLUTIONS, INC. $1,800,000 $1,540,000 -14.4% 0.3%
    Carrington Mortgage Services, LLC $2,865,000 $1,420,000 -50.4% 0.3%
    First Financial Bank $795,000 $1,375,000 73.0% 0.3%
    Bank of England $3,105,000 $1,365,000 -56.0% 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,185,000 $1,310,000 -58.9% 0.3%
    RELIANCE FIRST CAPITAL, LLC $790,000 $1,285,000 62.7% 0.3%
    POLARIS HOME FUNDING CORP. $1,185,000 $1,275,000 7.6% 0.3%
    NEWREZ LLC $2,780,000 $1,225,000 -55.9% 0.2%
    RAPID MORTGAGE COMPANY $390,000 $1,225,000 214.1% 0.2%
    VAN DYK MORTGAGE CORPORATION $955,000 $1,225,000 28.3% 0.2%
    CLEARPATH LENDING $1,420,000 $1,200,000 -15.5% 0.2%
    HONDA Federal Credit Union $2,635,000 $1,175,000 -55.4% 0.2%
    Bank of America $1,165,000 $1,150,000 -1.3% 0.2%
    Day Air Credit Union, Inc $1,350,000 $1,135,000 -15.9% 0.2%
    FIRST OHIO HOME FINANCE, INC. $2,675,000 $1,080,000 -59.6% 0.2%
    Gateway First Bank $1,435,000 $995,000 -30.7% 0.2%
    Civista Bank $2,210,000 $955,000 -56.8% 0.2%
    AMERICAN FINANCING CORPORATION $935,000 $905,000 -3.2% 0.2%
    HOME POINT FINANCIAL CORPORATION $1,725,000 $900,000 -47.8% 0.2%
    AMERICAN MORTGAGE SERVICE COMPANY $1,935,000 $850,000 -56.1% 0.2%
    The Citizens National Bank of Bluffton $930,000 $785,000 -15.6% 0.2%
    UNIVERSAL 1 CREDIT UNION $375,000 $785,000 109.3% 0.2%
    Figure Lending LLC $535,000 $760,000 42.1% 0.2%
    LOANPAL, LLC $250,000 $760,000 204.0% 0.2%
    Ally Bank $300,000 $750,000 150.0% 0.1%
    BETTER MORTGAGE CORPORATION $2,475,000 $740,000 -70.1% 0.1%
    Equity Prime Mortgage LLC $370,000 $735,000 98.6% 0.1%
    LIBERTY HOME MORTGAGE CORPORATION $2,035,000 $735,000 -63.9% 0.1%
    Dollar Bank, Federal Savings Bank $705,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $525,000 $695,000 32.4% 0.1%
    The Federal Savings Bank $2,905,000 $695,000 -76.1% 0.1%
    Pathways Financial Credit Union, Inc. $1,010,000 $665,000 -34.2% 0.1%
    GSF Mortgage Corporation $660,000 n/a 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $3,085,000 $635,000 -79.4% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $1,490,000 $625,000 -58.1% 0.1%
    THE EQUITABLE MORTGAGE CORPORATION $525,000 $620,000 18.1% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $470,000 $580,000 23.4% 0.1%
    1st National Bank $145,000 $575,000 296.6% 0.1%
    East Coast Capital Corp. $305,000 $570,000 86.9% 0.1%
    LCNB National Bank $570,000 n/a 0.1%
    EVERETT FINANCIAL, INC. $545,000 n/a 0.1%
    GUILD MORTGAGE COMPANY $1,770,000 $545,000 -69.2% 0.1%
    NORTHERN MORTGAGE SERVICES, LLC $2,015,000 $545,000 -73.0% 0.1%
    Discover Bank $550,000 $520,000 -5.5% 0.1%
    CONTOUR MORTGAGE CORPORATION $220,000 $515,000 134.1% 0.1%
    Princeton Mortgage Corporation $500,000 n/a 0.1%
    PRIORITY MORTGAGE CORP. $1,595,000 $500,000 -68.7% 0.1%
    CHURCHILL MORTGAGE CORPORATION $910,000 $495,000 -45.6% 0.1%
    First Commonwealth Bank $1,100,000 $465,000 -57.7% 0.1%
    Nations Lending Corporation $680,000 $460,000 -32.4% 0.1%
    CIVIC FINANCIAL SERVICES, LLC $425,000 n/a 0.1%
    1ST SIGNATURE LENDING, LLC $195,000 $420,000 115.4% 0.1%
    First Federal Savings and Loan Association of Lakewood $1,235,000 $415,000 -66.4% 0.1%
    Heartland Bank $985,000 $415,000 -57.9% 0.1%
    Firefighters & Company FCU $410,000 n/a 0.1%
    SECURITYNATIONAL MORTGAGE COMPANY $410,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $1,005,000 $410,000 -59.2% 0.1%
    GUARANTEED RATE AFFINITY, LLC $1,950,000 $400,000 -79.5% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $1,460,000 $385,000 -73.6% 0.1%
    PHH Mortgage Corporation $690,000 $380,000 -44.9% 0.1%
    CMG MORTGAGE, INC. $415,000 $375,000 -9.6% 0.1%
    DIGITAL Federal Credit Union $375,000 n/a 0.1%
    MICHIGAN MUTUAL, INC. $375,000 n/a 0.1%
    MID AMERICA MORTGAGE, INC. $725,000 $370,000 -49.0% 0.1%
    KEMBA FINANCIAL $220,000 $360,000 63.6% 0.1%
    NATIONS RELIABLE LENDING, LLC $690,000 $360,000 -47.8% 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $155,000 $355,000 129.0% 0.1%
    LENDINGHOME FUNDING CORPORATION $200,000 $350,000 75.0% 0.1%
    LENDINGONE, LLC $345,000 n/a 0.1%
    ROSS MORTGAGE CORPORATION $345,000 n/a 0.1%
    HomePromise Corporation $335,000 n/a 0.1%
    Cf Bank $330,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $470,000 $320,000 -31.9% 0.1%
    Magnolia Bank $265,000 $315,000 18.9% 0.1%
    Barrington Bank & Trust Company, N.A. $690,000 $310,000 -55.1% 0.1%
    BMO Harris Bank $305,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $520,000 $290,000 -44.2% 0.1%
    Citibank $75,000 $275,000 266.7% 0.1%
    DIRECT MORTGAGE LOANS, LLC $325,000 $275,000 -15.4% 0.1%
    Greenville Federal $135,000 $275,000 103.7% 0.1%
    Mercantile Bank of Michigan $305,000 $275,000 -9.8% 0.1%
    MYCUMORTGAGE, LLC $1,190,000 $270,000 -77.3% 0.1%
    SILVER HILL FUNDING, LLC $255,000 n/a 0.1%
    FINANCE OF AMERICA MORTGAGE LLC $245,000 n/a 0.0%
    Evolve Bank & Trust $1,450,000 $240,000 -83.4% 0.0%
    Armed Forces Bank $235,000 n/a 0.0%
    Northwest Bank $730,000 $235,000 -67.8% 0.0%
    NP, Inc. $235,000 n/a 0.0%
    Signature Federal Credit Union $235,000 n/a 0.0%
    Superior Credit Union, Inc. $140,000 $235,000 67.9% 0.0%
    Merchants Bank of Indiana $330,000 $230,000 -30.3% 0.0%
    North American Savings Bank, F.S.B. $255,000 $225,000 -11.8% 0.0%
    Woodsfield Savings Bank $225,000 n/a 0.0%
    LIMA ONE CAPITAL, LLC $135,000 $220,000 63.0% 0.0%
    UIF CORPORATION $175,000 $215,000 22.9% 0.0%
    First Federal Community Bank of Bucyrus $210,000 n/a 0.0%
    Three Rivers Federal Credit Union $210,000 n/a 0.0%
    ARC HOME LLC $205,000 n/a 0.0%
    Paramount Residential Mortgage Group, Inc. $1,175,000 $205,000 -82.6% 0.0%
    AMERICAN INTERNET MORTGAGE, INC. $195,000 n/a 0.0%
    American Midwest Mortgage Corporation $1,130,000 $195,000 -82.7% 0.0%
    CME Federal Credit Union $195,000 n/a 0.0%
    NETWORK CAPITAL FUNDING CORPORATION $155,000 $195,000 25.8% 0.0%
    RBC Bank, (Georgia) $195,000 n/a 0.0%
    SUCCESS MORTGAGE PARTNERS, INC. $85,000 $195,000 129.4% 0.0%
    Liberty National Bank $190,000 n/a 0.0%
    Dieterich Bank $185,000 n/a 0.0%
    PARTNERS UNITED FINANCIAL, LLC $90,000 $185,000 105.6% 0.0%
    COMPASS MORTGAGE, INC. $175,000 n/a 0.0%
    Hometown Lenders, Inc. $1,100,000 $175,000 -84.1% 0.0%
    GVC MORTGAGE, INC. $280,000 $170,000 -39.3% 0.0%
    ENDEAVOR CAPITAL, LLC. $340,000 $165,000 -51.5% 0.0%
    First Guaranty Mortgage Corporation $825,000 $165,000 -80.0% 0.0%
    HOWARD HANNA FINANCIAL SERVICES, INC. $165,000 n/a 0.0%
    Republic Bank & Trust Company $165,000 n/a 0.0%
    The Central Trust Bank $165,000 n/a 0.0%
    PENTAGON FEDERAL CREDIT UNION $850,000 $160,000 -81.2% 0.0%
    LAND HOME FINANCIAL SERVICES, INC. $595,000 $155,000 -73.9% 0.0%
    Peoples Bank $85,000 $155,000 82.4% 0.0%
    Greenville National Bank $150,000 n/a 0.0%
    Axos Bank $145,000 n/a 0.0%
    KEMBA CREDIT UNION, INC. $115,000 $145,000 26.1% 0.0%
    Covington Savings and Loan Association $135,000 n/a 0.0%
    First Internet Bank of Indiana $275,000 $135,000 -50.9% 0.0%
    LEADERONE FINANCIAL CORPORATION $135,000 n/a 0.0%
    Monroe Federal Savings and Loan Association $135,000 n/a 0.0%
    VILLAGE CAPITAL MORTGAGE $3,790,000 $135,000 -96.4% 0.0%
    AMWEST FUNDING CORP. $145,000 $125,000 -13.8% 0.0%
    LAKE MICHIGAN CREDIT UNION $125,000 n/a 0.0%
    The North Side Bank & Trust Company $125,000 n/a 0.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $485,000 $125,000 -74.2% 0.0%
    The Union Bank Company $415,000 $120,000 -71.1% 0.0%
    AMERICAN FINANCIAL RESOURCES, INC. $320,000 $115,000 -64.1% 0.0%
    AmeriHome Mortgage Company, LLC $330,000 $115,000 -65.2% 0.0%
    GENEVA FINANCIAL, LLC $115,000 $115,000 0.0% 0.0%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $1,890,000 $115,000 -93.9% 0.0%
    Plains Commerce Bank $115,000 n/a 0.0%
    TELHIO $775,000 $110,000 -85.8% 0.0%
    First Federal Savings and Loan Association $105,000 n/a 0.0%
    Hometown Equity Mortgage, LLC $565,000 $105,000 -81.4% 0.0%
    HOMEXPRESS MORTGAGE CORP. $105,000 n/a 0.0%
    RIVER VALLEY CREDIT UNION, INC. $685,000 $105,000 -84.7% 0.0%
    MORIA DEVELOPMENT, INC. $125,000 $100,000 -20.0% 0.0%
    COMMUNITYAMERICA $95,000 n/a 0.0%
    Neighborhood Loans, Inc. $95,000 n/a 0.0%
    SIRVA MORTGAGE, INC. $95,000 n/a 0.0%
    SPRING EQ, LLC $90,000 n/a 0.0%
    Advisors Mortgage Group, L.L.C. $85,000 n/a 0.0%
    HOMESPIRE MORTGAGE CORPORATION $85,000 n/a 0.0%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $85,000 n/a 0.0%
    NATIONS DIRECT MORTGAGE, LLC $85,000 $85,000 0.0% 0.0%
    PROVIDENT FUNDING ASSOCIATES, L.P. $85,000 n/a 0.0%
    TOGETHER CREDIT UNION $85,000 n/a 0.0%
    Guardian Savings Bank, A Federal Savings Bank $280,000 $75,000 -73.2% 0.0%
    SOUTHWEST FUNDING, LP $75,000 n/a 0.0%
    US MORTGAGE CORPORATION $75,000 n/a 0.0%
    CODE $15,000 $70,000 366.7% 0.0%
    KH NETWORK CREDIT UNION $155,000 $70,000 -54.8% 0.0%
    ASHLAND Credit Union $65,000 n/a 0.0%
    BMI Federal Credit Union $320,000 $65,000 -79.7% 0.0%
    HANCOCK MORTGAGE PARTNERS, LLC $65,000 n/a 0.0%
    HANSCOM $65,000 n/a 0.0%
    MORTGAGE 1 INCORPORATED $465,000 $65,000 -86.0% 0.0%
    AMERICAN ADVISORS GROUP $595,000 $55,000 -90.8% 0.0%
    American Airlines Federal Credit Union $15,000 $55,000 266.7% 0.0%
    Transportation Federal Credit Union $55,000 n/a 0.0%
    Baxter Credit Union $45,000 n/a 0.0%
    NUMARK CREDIT UNION $35,000 n/a 0.0%
    STAR USA FEDERAL CREDIT UNION $35,000 n/a 0.0%
    GENERAL ELECTRIC CREDIT UNION $25,000 n/a 0.0%
    BRIDGE $550,000 $15,000 -97.3% 0.0%
    GENISYS $5,000 n/a 0.0%

    SPRINGFIELD's top lender by overall market share is WRIGHT-PATT CREDIT UNION, INC., with 10.1% market share. In second place, with 7.3%, is CALIBER HOME LOANS, INC., having originated $36,935,000 in loans. In third place, with 5.9%, is QUICKEN LOANS, LLC, having originated $29,455,000 in loans. In fourth place, with 4.5%, is The Huntington National Bank, having originated $22,650,000 in loans. In fifth place, with 4.2%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $21,065,000 in loans.

    SPRINGFIELD Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - SPRINGFIELD (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $97,100 (10.1%) $133,299 (2.5%) 0.39 403
    2018-02-01 $97,675 (13.3%) $136,861 (3.6%) 0.37 362
    2018-03-01 $93,400 (9.0%) $132,347 (-3.6%) 0.34 354
    2018-04-01 $97,850 (15.3%) $134,574 (-0.7%) 0.34 343
    2018-05-01 $99,375 (11.4%) $143,987 (5.6%) 0.36 368
    2018-06-01 $109,900 (22.3%) $150,439 (8.9%) 0.37 387
    2018-07-01 $107,225 (16.2%) $149,644 (3.6%) 0.37 387
    2018-08-01 $107,169 (17.1%) $153,037 (6.4%) 0.37 400
    2018-09-01 $106,000 (10.4%) $151,365 (4.0%) 0.37 403
    2018-10-01 $99,475 (4.9%) $147,151 (2.9%) 0.33 421
    2018-11-01 $99,900 (3.4%) $143,833 (0.9%) 0.34 414
    2018-12-01 $99,900 (0.0%) $142,657 (3.7%) 0.36 376
    2019-01-01 $100,550 (3.6%) $135,078 (1.3%) 0.38 297
    2019-02-01 $98,350 (0.7%) $138,017 (0.8%) 0.37 268
    2019-03-01 $104,636 (12.0%) $142,818 (7.9%) 0.38 255
    2019-04-01 $111,475 (13.9%) $148,290 (10.2%) 0.38 244
    2019-05-01 $112,400 (13.1%) $146,715 (1.9%) 0.39 259
    2019-06-01 $119,900 (9.1%) $156,393 (4.0%) 0.40 249
    2019-07-01 $123,325 (15.0%) $155,258 (3.8%) 0.41 283
    2019-08-01 $118,295 (10.4%) $150,034 (-2.0%) 0.41 305
    2019-09-01 $115,739 (9.2%) $149,172 (-1.5%) 0.41 305
    2019-10-01 $114,409 (15.0%) $146,979 (-0.1%) 0.41 310
    2019-11-01 $109,900 (10.0%) $142,188 (-1.1%) 0.37 321
    2019-12-01 $109,900 (10.0%) $142,282 (-0.3%) 0.38 304
    2020-01-01 $104,725 (4.2%) $146,436 (8.4%) 0.36 269
    2020-02-01 $98,875 (0.5%) $143,230 (3.8%) 0.32 224
    2020-03-01 $105,713 (1.0%) $150,260 (5.2%) 0.34 208
    2020-04-01 $102,450 (-8.1%) $147,647 (-0.4%) 0.31 190
    2020-05-01 $115,000 (2.3%) $157,856 (7.6%) 0.33 150
    2020-06-01 $127,975 (6.7%) $174,028 (11.3%) 0.39 129
    2020-07-01 $159,425 (29.3%) $186,688 (20.2%) 0.46 131
    2020-08-01 $156,500 (32.3%) $185,438 (23.6%) 0.46 129
    2020-09-01 $131,950 (14.0%) $175,164 (17.4%) 0.37 117
    2020-10-01 $137,900 (20.5%) $179,217 (21.9%) 0.40 124
    2020-11-01 $134,950 (22.8%) $181,468 (27.6%) 0.40 122
    2020-12-01 $134,375 (22.3%) $180,276 (26.7%) 0.41 95
    2021-01-01 $131,750 (25.8%) $178,982 (22.2%) 0.40 83
    2021-02-01 $152,475 (54.2%) $177,587 (24.0%) 0.43 61
    2021-03-01 $136,425 (29.1%) $181,254 (20.6%) 0.36 63
    2021-04-01 $174,900 (70.7%) $200,081 (35.5%) 0.46 67
    2021-05-01 $183,700 (59.7%) $208,905 (32.3%) 0.50 73
    2021-06-01 $166,175 (29.9%) $186,173 (7.0%) 0.45 112
    2021-07-01 $150,000 (-5.9%) $184,412 (-1.2%) 0.43 162
    2021-08-01 $150,000 (-4.2%) $181,662 (-2.0%) 0.38 196
    2021-09-01 $142,613 (8.1%) $175,085 (-0.1%) 0.38 179
    2021-10-01 $139,950 (1.5%) $180,507 (0.7%) 0.37 178
    2021-11-01 $158,675 (17.6%) $188,727 (4.0%) 0.41 179
    2021-12-01 $140,575 (4.6%) $186,521 (3.5%) 0.38 168
    2022-01-01 $157,900 (19.9%) $196,051 (9.5%) 0.42 120
    2022-02-01 $165,875 (8.8%) $208,562 (17.4%) 0.42 93
    2022-03-01 $197,200 (44.6%) $245,187 (35.3%) 0.49 77
    2022-04-01 $179,950 (2.9%) $246,956 (23.4%) 0.45 77
    2022-05-01 $177,250 (-3.5%) $229,428 (9.8%) 0.40 96
    2022-06-01 $169,950 (2.3%) $226,163 (21.5%) 0.37 110
    2022-07-01 $189,900 (26.6%) $241,726 (31.1%) 0.42 144
    2022-08-01 $169,900 (13.3%) $214,616 (18.1%) 0.38 172
    2022-09-01 $166,950 (17.1%) $213,339 (21.9%) 0.00 181
    2022-10-01 $169,450 (21.1%) $216,417 (19.9%) 0.00 190
    2022-11-01 $166,850 (5.2%) $209,396 (11.0%) 0.00 190
    2022-12-01 $177,150 (26.0%) $220,687 (18.3%) 0.00 167
    2023-01-01 $166,075 (5.2%) $218,383 (11.4%) 0.00 136
    2023-02-01 $161,400 (-2.7%) $220,734 (5.8%) 0.00 110
    SPRINGFIELD's median listing price for 2023-02-01 was $161,400, a difference of $-4,475 (-2.7%) versus the prior year and $-4,675 versus the prior month.

    SPRINGFIELD's median listing price comes in at 0% of the national average.

    SPRINGFIELD's average listing price for 2023-02-01 was $220,734, a difference of $12,172 (5.8%) versus the prior year and $2,351 versus the prior month.

    For the 2023-02-01 period, SPRINGFIELD had 110 MLS listings, a difference of -26 listings (-19%) versus the prior month and 17 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - SPRINGFIELD (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 89 days 1,452 sqft
    2018-02-01 95 days 1,450 sqft
    2018-03-01 80 days 1,442 sqft
    2018-04-01 56 days 1,462 sqft
    2018-05-01 53 days 1,481 sqft
    2018-06-01 52 days 1,504 sqft
    2018-07-01 59 days 1,497 sqft
    2018-08-01 60 days 1,514 sqft
    2018-09-01 54 days 1,492 sqft
    2018-10-01 61 days 1,434 sqft
    2018-11-01 66 days 1,411 sqft
    2018-12-01 81 days 1,413 sqft
    2019-01-01 88 days 1,395 sqft
    2019-02-01 85 days 1,407 sqft
    2019-03-01 69 days 1,445 sqft
    2019-04-01 49 days 1,488 sqft
    2019-05-01 44 days 1,462 sqft
    2019-06-01 39 days 1,520 sqft
    2019-07-01 41 days 1,510 sqft
    2019-08-01 41 days 1,510 sqft
    2019-09-01 45 days 1,496 sqft
    2019-10-01 45 days 1,484 sqft
    2019-11-01 50 days 1,435 sqft
    2019-12-01 60 days 1,429 sqft
    2020-01-01 70 days 1,421 sqft
    2020-02-01 72 days 1,386 sqft
    2020-03-01 56 days 1,450 sqft
    2020-04-01 51 days 1,523 sqft
    2020-05-01 62 days 1,566 sqft
    2020-06-01 52 days 1,605 sqft
    2020-07-01 34 days 1,662 sqft
    2020-08-01 34 days 1,580 sqft
    2020-09-01 31 days 1,444 sqft
    2020-10-01 25 days 1,476 sqft
    2020-11-01 39 days 1,476 sqft
    2020-12-01 51 days 1,443 sqft
    2021-01-01 55 days 1,392 sqft
    2021-02-01 40 days 1,370 sqft
    2021-03-01 35 days 1,371 sqft
    2021-04-01 30 days 1,503 sqft
    2021-05-01 31 days 1,594 sqft
    2021-06-01 29 days 1,476 sqft
    2021-07-01 27 days 1,454 sqft
    2021-08-01 32 days 1,421 sqft
    2021-09-01 40 days 1,421 sqft
    2021-10-01 42 days 1,420 sqft
    2021-11-01 35 days 1,429 sqft
    2021-12-01 48 days 1,385 sqft
    2022-01-01 74 days 1,432 sqft
    2022-02-01 84 days 1,468 sqft
    2022-03-01 64 days 1,519 sqft
    2022-04-01 43 days 1,404 sqft
    2022-05-01 31 days 1,344 sqft
    2022-06-01 30 days 1,395 sqft
    2022-07-01 23 days 1,420 sqft
    2022-08-01 30 days 1,468 sqft
    2022-09-01 0 days 1,452 sqft
    2022-10-01 0 days 1,406 sqft
    2022-11-01 0 days 1,430 sqft
    2022-12-01 0 days 1,456 sqft
    2023-01-01 0 days 1,420 sqft
    2023-02-01 0 days 1,479 sqft
    SPRINGFIELD's median listing age (time on market) for 2023-02-01 was 0 days. This is -100% shorter than the same period one year ago.

    SPRINGFIELD's median square footage for active listings during the 2023-02-01 period was 1,479 sqft. One year prior, the average listing was 1,468 sqft.

    SPRINGFIELD, OH Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    43010 Springfield, OH $640 $720 $930 $1,160 $1,260
    43044 Springfield, OH $650 $750 $930 $1,170 $1,330
    43078 Springfield, OH $520 $590 $760 $940 $1,030
    43140 Springfield, OH $670 $760 $950 $1,180 $1,330
    43153 Springfield, OH $650 $750 $930 $1,170 $1,330
    45312 Springfield, OH $680 $790 $1,010 $1,350 $1,470
    45314 Springfield, OH $520 $590 $760 $1,010 $1,100
    45316 Springfield, OH $670 $770 $990 $1,310 $1,420
    45319 Springfield, OH $510 $570 $740 $920 $1,000
    45323 Springfield, OH $540 $610 $790 $980 $1,070
    45324 Springfield, OH $620 $690 $890 $1,180 $1,270
    45341 Springfield, OH $560 $630 $820 $1,020 $1,110
    45344 Springfield, OH $600 $680 $880 $1,100 $1,200
    45349 Springfield, OH $670 $750 $970 $1,210 $1,320
    45368 Springfield, OH $510 $590 $760 $1,010 $1,100
    45369 Springfield, OH $650 $750 $930 $1,170 $1,330
    45372 Springfield, OH $540 $600 $780 $970 $1,060
    45387 Springfield, OH $690 $770 $990 $1,320 $1,420
    45501 Springfield, OH $560 $630 $820 $1,020 $1,110
    45502 Springfield, OH $620 $700 $900 $1,120 $1,220
    45503 Springfield, OH $580 $660 $850 $1,060 $1,150
    45504 Springfield, OH $600 $670 $870 $1,080 $1,180
    45505 Springfield, OH $520 $590 $760 $940 $1,030
    45506 Springfield, OH $560 $630 $810 $1,010 $1,100

    2022 Average & Median Rent Data Statistics
    SPRINGFIELD, OH average 1BR rent: $677, median: $675
    SPRINGFIELD, OH average 2BR rent: $868, median: $875
    SPRINGFIELD, OH average 3BR rent: $1,100, median: $1,090

    SPRINGFIELD, OH Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,703 $301,545,000 $177,067
    Cash Out Refi 641 $101,675,000 $158,619
    Home Improvement 432 $29,110,000 $67,384
    Refi 371 $53,445,000 $144,057
    Other 252 $17,350,000 $68,849

    Springfield's most frequently cited loan purpose was Home Purchase, with 1,703 originations. The 2nd most popular reason was Cash Out Refi, with 641 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 844 $136,850,000 $162,145
    4-5% 736 $114,460,000 $155,516
    3-4% 639 $102,975,000 $161,150
    6-7% 486 $66,480,000 $136,790
    7-8% 199 $22,265,000 $111,884
    2.5-3% 153 $25,125,000 $164,216
    Over 8% 106 $5,080,000 $47,925
    <2.5% 97 $8,995,000 $92,732

    During 2022, Springfield's most frequently originated rate bucket was 5-6%, with 844 originations.

    Loan Sizing (SPRINGFIELD, OH MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 1,433 $204,075,000 $142,411
    $100,000 or less 1,249 $73,785,000 $59,075
    $200k-400k 632 $164,390,000 $260,111
    $400k-600k 61 $28,015,000 $459,262
    $600k-1000k 17 $12,515,000 $736,176
    $Over $1MM 7 $20,345,000 $2,906,429

    SPRINGFIELD's loan sizing saw the bucket of loans from $100k-200k with 1,433 originations, totaling $204,075,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 1,396 $251,140,000 $179,900
    60-80% 775 $132,925,000 $171,516
    20-40% 405 $28,575,000 $70,556
    40-60% 339 $43,915,000 $129,543
    Under 20% 285 $9,525,000 $33,421
    Over 100% 39 $9,285,000 $238,077

    SPRINGFIELD's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,396 originations, totaling $251,140,000 in origination value.