TOLEDO Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Toledo averaged
7.2%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.93% and
one month ago for the week of 2025-05-15, the
average rate was 7.2%.
Toledo's average rate one year ago was 6.94%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.49%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Toledo 30 Year Fixed Rate | 2025-06-18 | 7.2% |
| Toledo 30 Year Fixed Rate Refi | 2025-06-18 | 7.49% |
| Toledo 15 Year Fixed Rate | 2025-06-18 | 6.4% |
| Toledo 15 Year Fixed Rate Refi | 2025-06-18 | 5.86% |
| Toledo 30 Year FHA | 2025-06-18 | 0.06% |
| Toledo 30 Year FHA Refi | 2025-06-18 | -0.05% |
| Toledo 30 Year USDA | 2025-06-18 | -0.1% |
| Toledo 30 Year USDA Refi | 2025-06-18 | 0.1% |
| Toledo 30 Year VA | 2025-06-18 | 0.31% |
| Toledo 30 Year VA Refi | 2025-06-18 | -0.67% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within TOLEDO, OH.
TOLEDO 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 TOLEDO, 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.).
TOLEDO Average Closing Costs & Other Stats
TOLEDO, OH's 203 lenders originated 12,218
loans during 2024. The total origination value was $2,101,850,000, with an average loan value of
$172,029.
TOLEDO's average closing costs are $4,580.
The top TOLEDO lender as defined by loan originations is The Huntington National Bank, with
491 loans originated. Their average total fees are
$4,599, which is $1,446
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee TOLEDO lenders (with over 10 loans originated) are
First Federal Savings and Loan Association of Delta ($2,390), U.S. Bank ($2,812), Fremont Federal Credit Union ($2,837), GLASS CITY Federal Credit Union ($3,157) and SUN Federal Credit Union ($3,234).
The lowest rate TOLEDO lenders (with over 10 loans originated) are
Directions Credit Union, Inc. (6.50%), Citizens Bank (6.51%), SUN Federal Credit Union (6.52%), The Genoa Banking Company (6.55%) and Wells Fargo Bank (6.56%).
TOLEDO, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| The Huntington National Bank | $265,980,000 | $246,100,000 | -7.5% | 11.7% |
| QUICKEN LOANS, LLC | $111,930,000 | $122,400,000 | 9.4% | 5.8% |
| UNION HOME MORTGAGE CORP. | $78,145,000 | $100,890,000 | 29.1% | 4.8% |
| Fifth Third Bank | $96,250,000 | $100,270,000 | 4.2% | 4.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $61,995,000 | $79,255,000 | 27.8% | 3.8% |
| The Genoa Banking Company | $64,155,000 | $69,150,000 | 7.8% | 3.3% |
| KeyBank | $43,735,000 | $65,490,000 | 49.7% | 3.1% |
| MID AMERICA MORTGAGE, INC. | $44,585,000 | $60,905,000 | 36.6% | 2.9% |
| Directions Credit Union, Inc. | $60,935,000 | $56,460,000 | -7.3% | 2.7% |
| First Federal Bank of the Midwest | $53,870,000 | $52,860,000 | -1.9% | 2.5% |
| First Merchants Bank | $6,670,000 | $51,715,000 | 675.3% | 2.5% |
| Civista Bank | $18,745,000 | $47,020,000 | 150.8% | 2.2% |
| Signature Bank, N.A. | $11,675,000 | $44,910,000 | 284.7% | 2.1% |
| NEWREZ LLC | $26,835,000 | $44,830,000 | 67.1% | 2.1% |
| EQUITY RESOURCES, INC. | $40,530,000 | $41,625,000 | 2.7% | 2.0% |
| Citizens Bank | $42,650,000 | $41,470,000 | -2.8% | 2.0% |
| CMG MORTGAGE, INC. | $7,410,000 | $38,815,000 | 423.8% | 1.8% |
| LOANDEPOT.COM, LLC | $30,725,000 | $38,020,000 | 23.7% | 1.8% |
| Mortgage Research Center, LLC | $24,875,000 | $36,585,000 | 47.1% | 1.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $20,350,000 | $35,955,000 | 76.7% | 1.7% |
| The State Bank and Trust Company | $17,985,000 | $29,980,000 | 66.7% | 1.4% |
| The Farmers & Merchants State Bank | $35,815,000 | $27,210,000 | -24.0% | 1.3% |
| NFM, INC. | $21,300,000 | $26,590,000 | 24.8% | 1.3% |
| SUN Federal Credit Union | $20,695,000 | $25,065,000 | 21.1% | 1.2% |
| PNC Bank | $38,820,000 | $22,715,000 | -41.5% | 1.1% |
| JPMorgan Chase Bank | $15,385,000 | $20,625,000 | 34.1% | 1.0% |
| The Croghan Colonial Bank | $14,920,000 | $17,365,000 | 16.4% | 0.8% |
| RUOFF MORTGAGE COMPANY, INC. | $14,260,000 | $16,630,000 | 16.6% | 0.8% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $31,560,000 | $16,625,000 | -47.3% | 0.8% |
| GUARANTEED RATE, INC. | $8,595,000 | $15,775,000 | 83.5% | 0.8% |
| Superior Credit Union, Inc. | $8,465,000 | $13,860,000 | 63.7% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $7,310,000 | $13,340,000 | 82.5% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $10,020,000 | $12,545,000 | 25.2% | 0.6% |
| Waterford Bank, N.A. | $10,055,000 | $12,090,000 | 20.2% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $10,730,000 | $12,045,000 | 12.3% | 0.6% |
| The Union Bank Company | $7,535,000 | $11,000,000 | 46.0% | 0.5% |
| VAN DYK MORTGAGE CORPORATION | $8,480,000 | $10,870,000 | 28.2% | 0.5% |
| U.S. Bank | $7,535,000 | $10,415,000 | 38.2% | 0.5% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $4,645,000 | $10,175,000 | 119.1% | 0.5% |
| GVC MORTGAGE, INC. | $9,000,000 | $9,420,000 | 4.7% | 0.4% |
| First Federal Savings and Loan Association of Lakewood | $24,550,000 | $8,820,000 | -64.1% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,820,000 | $8,515,000 | 8.9% | 0.4% |
| Third Federal Savings and Loan Association of Cleveland | $10,215,000 | $7,420,000 | -27.4% | 0.4% |
| First Federal Savings and Loan Association of Delta | $9,190,000 | $7,400,000 | -19.5% | 0.4% |
| HOMESIDE FINANCIAL, LLC | $2,700,000 | $7,255,000 | 168.7% | 0.3% |
| BROKER SOLUTIONS, INC. | $4,435,000 | $7,070,000 | 59.4% | 0.3% |
| Flagstar Bank, FSB | $7,955,000 | $6,940,000 | -12.8% | 0.3% |
| The Loan Store, Inc. | $1,450,000 | $5,755,000 | 296.9% | 0.3% |
| AG Credit, Agricultural Credit Association | $4,925,000 | $5,535,000 | 12.4% | 0.3% |
| First National Bank of Pennsylvania | $1,915,000 | $5,515,000 | 188.0% | 0.3% |
| WALKER & DUNLOP, LLC | $15,895,000 | $5,495,000 | -65.4% | 0.3% |
| Fremont Federal Credit Union | $4,380,000 | $5,400,000 | 23.3% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,100,000 | $5,275,000 | 28.7% | 0.3% |
| Bank of America | $2,270,000 | $5,210,000 | 129.5% | 0.2% |
| ORIX REAL ESTATE CAPITAL, LLC | $5,575,000 | $4,475,000 | -19.7% | 0.2% |
| Carrington Mortgage Services, LLC | $3,875,000 | $4,415,000 | 13.9% | 0.2% |
| 21ST MORTGAGE CORPORATION | $3,175,000 | $4,310,000 | 35.7% | 0.2% |
| K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. | $4,275,000 | n/a | 0.2% | |
| Wells Fargo Bank | $5,495,000 | $4,275,000 | -22.2% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $2,565,000 | $4,125,000 | 60.8% | 0.2% |
| LIBERTY HOME MORTGAGE CORPORATION | $1,655,000 | $4,020,000 | 142.9% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $3,315,000 | $4,000,000 | 20.7% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $4,430,000 | $3,860,000 | -12.9% | 0.2% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $1,065,000 | $3,860,000 | 262.4% | 0.2% |
| USAA Federal Savings Bank | $4,380,000 | $3,855,000 | -12.0% | 0.2% |
| Discover Bank | $3,510,000 | $3,815,000 | 8.7% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $570,000 | $3,730,000 | 554.4% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $3,155,000 | $3,585,000 | 13.6% | 0.2% |
| PHH Mortgage Corporation | $850,000 | $3,555,000 | 318.2% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $1,545,000 | $3,535,000 | 128.8% | 0.2% |
| GLASS CITY Federal Credit Union | $2,985,000 | $3,125,000 | 4.7% | 0.1% |
| LAKE MICHIGAN CREDIT UNION | $2,785,000 | $3,110,000 | 11.7% | 0.1% |
| Union Savings Bank | $2,710,000 | $3,090,000 | 14.0% | 0.1% |
| CORNERSTONE COMMUNITY FINANCIAL | $2,385,000 | $3,035,000 | 27.3% | 0.1% |
| Figure Lending LLC | $1,715,000 | $2,965,000 | 72.9% | 0.1% |
| First Financial Bank | $255,000 | $2,940,000 | 1,052.9% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $2,515,000 | $2,895,000 | 15.1% | 0.1% |
| NEW DAY FINANCIAL, LLC | $2,295,000 | $2,875,000 | 25.3% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $49,055,000 | $2,755,000 | -94.4% | 0.1% |
| FIRST OHIO HOME FINANCE, INC. | $3,465,000 | $2,665,000 | -23.1% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $1,955,000 | $2,585,000 | 32.2% | 0.1% |
| MICHIGAN MUTUAL, INC. | $2,170,000 | $2,580,000 | 18.9% | 0.1% |
| Morgan Stanley Private Bank | $3,495,000 | $2,560,000 | -26.8% | 0.1% |
| The Citizens National Bank of Bluffton | $7,845,000 | $2,480,000 | -68.4% | 0.1% |
| Coastal Community Bank | $1,910,000 | $2,455,000 | 28.5% | 0.1% |
| First Commonwealth Bank | $1,685,000 | $2,345,000 | 39.2% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $900,000 | $2,340,000 | 160.0% | 0.1% |
| First Federal Savings and Loan Association of Lorain | $7,665,000 | $2,310,000 | -69.9% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $1,035,000 | $2,255,000 | 117.9% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,920,000 | $2,205,000 | 14.8% | 0.1% |
| GREYSTONE SERVICING COMPANY LLC | $2,175,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $755,000 | $2,105,000 | 178.8% | 0.1% |
| MORTGAGE 1 INCORPORATED | $2,490,000 | $2,095,000 | -15.9% | 0.1% |
| ZILLOW HOME LOANS, LLC | $2,445,000 | $2,065,000 | -15.5% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $2,310,000 | $2,030,000 | -12.1% | 0.1% |
| UNION CAPITAL MORTGAGE CORPORATION | $380,000 | $2,020,000 | 431.6% | 0.1% |
| MORTGAGE CENTER L.C | $1,585,000 | $1,910,000 | 20.5% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,495,000 | $1,910,000 | 27.8% | 0.1% |
| NBKC BANK | $1,300,000 | $1,835,000 | 41.2% | 0.1% |
| AMERICAN FINANCING CORPORATION | $625,000 | $1,795,000 | 187.2% | 0.1% |
| LIMA ONE CAPITAL, LLC | $1,785,000 | $1,790,000 | 0.3% | 0.1% |
| THE EQUITABLE MORTGAGE CORPORATION | $300,000 | $1,780,000 | 493.3% | 0.1% |
| Ally Bank | $1,385,000 | $1,775,000 | 28.2% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $55,000 | $1,770,000 | 3,118.2% | 0.1% |
| Farm Credit Mid-America, ACA | $1,355,000 | $1,760,000 | 29.9% | 0.1% |
| GUIDANCE RESIDENTIAL, LLC | $1,945,000 | $1,735,000 | -10.8% | 0.1% |
| The Old Fort Banking Company | $1,125,000 | $1,710,000 | 52.0% | 0.1% |
| UIF CORPORATION | $255,000 | $1,660,000 | 551.0% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $340,000 | $1,655,000 | 386.8% | 0.1% |
| The Federal Savings Bank | $1,460,000 | $1,565,000 | 7.2% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $1,585,000 | $1,565,000 | -1.3% | 0.1% |
| PLANET HOME LENDING, LLC | $250,000 | $1,525,000 | 510.0% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $395,000 | $1,460,000 | 269.6% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $325,000 | $1,430,000 | 340.0% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $1,340,000 | $1,430,000 | 6.7% | 0.1% |
| North American Savings Bank, F.S.B. | $1,420,000 | n/a | 0.1% | |
| WRIGHT-PATT CREDIT UNION, INC. | $410,000 | $1,410,000 | 243.9% | 0.1% |
| OCMBC, INC. | $470,000 | $1,375,000 | 192.6% | 0.1% |
| RAPID MORTGAGE COMPANY | $765,000 | $1,370,000 | 79.1% | 0.1% |
| T2 FINANCIAL LLC | $630,000 | $1,360,000 | 115.9% | 0.1% |
| GSF Mortgage Corporation | $955,000 | $1,355,000 | 41.9% | 0.1% |
| CONSTRUCTIVE LOANS, LLC | $1,310,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $1,145,000 | $1,285,000 | 12.2% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $865,000 | $1,280,000 | 48.0% | 0.1% |
| University Bank | $325,000 | $1,255,000 | 286.2% | 0.1% |
| LOANPAL, LLC | $550,000 | $1,250,000 | 127.3% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $450,000 | $1,245,000 | 176.7% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $1,230,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $1,220,000 | n/a | 0.1% | |
| CARDINAL FINANCIAL | $910,000 | $1,195,000 | 31.3% | 0.1% |
| Dollar Bank, Federal Savings Bank | $820,000 | $1,185,000 | 44.5% | 0.1% |
| YOUR HOME FINANCIAL LLC | $1,495,000 | $1,185,000 | -20.7% | 0.1% |
| POLARIS HOME FUNDING CORP. | $1,395,000 | $1,160,000 | -16.8% | 0.1% |
| UBS Bank USA | $880,000 | $1,100,000 | 25.0% | 0.1% |
| The Park National Bank | $460,000 | $1,085,000 | 135.9% | 0.1% |
| Home Mortgage Alliance Corp | $1,035,000 | n/a | 0.0% | |
| The Middlefield Banking Company | $4,385,000 | $1,020,000 | -76.7% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,060,000 | $1,000,000 | -5.7% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $275,000 | $985,000 | 258.2% | 0.0% |
| First National Bank of Bellevue | $1,045,000 | $975,000 | -6.7% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $435,000 | $975,000 | 124.1% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $585,000 | $970,000 | 65.8% | 0.0% |
| Bay Area Credit Union, Inc. | $900,000 | $950,000 | 5.6% | 0.0% |
| General Mortgage Capital Corporation | $400,000 | $945,000 | 136.3% | 0.0% |
| Magnolia Bank | $420,000 | $935,000 | 122.6% | 0.0% |
| County National Bank | $415,000 | $930,000 | 124.1% | 0.0% |
| Seven Seventeen Credit Union | $915,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $860,000 | $910,000 | 5.8% | 0.0% |
| The First National Bank of Pandora | $1,645,000 | $910,000 | -44.7% | 0.0% |
| TLC COMMUNITY Credit Union | $750,000 | $910,000 | 21.3% | 0.0% |
| The Commercial and Savings Bank of Millersburg Ohio | $905,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $680,000 | $885,000 | 30.1% | 0.0% |
| ALLIANT CREDIT UNION | $125,000 | $880,000 | 604.0% | 0.0% |
| GENEVA FINANCIAL, LLC | $1,835,000 | $860,000 | -53.1% | 0.0% |
| Hometown Equity Mortgage, LLC | $855,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $1,495,000 | $845,000 | -43.5% | 0.0% |
| FirstTrust Home Loans, Inc. | $820,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $240,000 | $795,000 | 231.3% | 0.0% |
| Raymond James Bank | $795,000 | n/a | 0.0% | |
| BETTER MORTGAGE CORPORATION | $1,270,000 | $780,000 | -38.6% | 0.0% |
| The Exchange Bank of Alabama | $760,000 | n/a | 0.0% | |
| Texana Bank | $755,000 | n/a | 0.0% | |
| ROSS MORTGAGE CORPORATION | $270,000 | $745,000 | 175.9% | 0.0% |
| SIRVA MORTGAGE, INC. | $1,140,000 | $745,000 | -34.6% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $420,000 | $740,000 | 76.2% | 0.0% |
| MORTGAGE ACCESS CORP. | $1,595,000 | $730,000 | -54.2% | 0.0% |
| AmeriHome Mortgage Company, LLC | $465,000 | $725,000 | 55.9% | 0.0% |
| First Federal Bank | $1,160,000 | $725,000 | -37.5% | 0.0% |
| Truist | $435,000 | $720,000 | 65.5% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $715,000 | n/a | 0.0% | |
| GENERAL ELECTRIC CREDIT UNION | $150,000 | $710,000 | 373.3% | 0.0% |
| Northwest Bank | $1,145,000 | $695,000 | -39.3% | 0.0% |
| The Sherwood State Bank | $2,195,000 | $695,000 | -68.3% | 0.0% |
| STAUNTON FINANCIAL, INC. | $670,000 | n/a | 0.0% | |
| FIRST CHOICE MH LLC | $1,830,000 | $660,000 | -63.9% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $640,000 | $640,000 | 0.0% | 0.0% |
| MICHIGAN FIRST CREDIT UNION | $635,000 | n/a | 0.0% | |
| 1ST SIGNATURE LENDING, LLC | $570,000 | $610,000 | 7.0% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $1,255,000 | $610,000 | -51.4% | 0.0% |
| CREDIT UNION ONE | $265,000 | $610,000 | 130.2% | 0.0% |
| Ameris Bank | $345,000 | $595,000 | 72.5% | 0.0% |
| Plains Commerce Bank | $580,000 | $590,000 | 1.7% | 0.0% |
| Northpointe Bank | $690,000 | $585,000 | -15.2% | 0.0% |
| SUMMIT FUNDING, INC. | $390,000 | $585,000 | 50.0% | 0.0% |
| Nations Lending Corporation | $470,000 | $580,000 | 23.4% | 0.0% |
| CLEARPATH LENDING | $570,000 | n/a | 0.0% | |
| The Farmers National Bank of Canfield | $565,000 | $560,000 | -0.9% | 0.0% |
| Old National Bank | $2,745,000 | $555,000 | -79.8% | 0.0% |
| GUILD MORTGAGE COMPANY | $185,000 | $545,000 | 194.6% | 0.0% |
| FirstBank | $525,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $325,000 | $525,000 | 61.5% | 0.0% |
| OCEANSIDE MORTGAGE COMPANY | $525,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $500,000 | n/a | 0.0% | |
| American Mortgage & Equity Consultants, Inc. | $55,000 | $495,000 | 800.0% | 0.0% |
| NexBank | $125,000 | $495,000 | 296.0% | 0.0% |
| Warsaw Federal Savings and Loan Association | $155,000 | $470,000 | 203.2% | 0.0% |
| Westfield Bank, FSB | $465,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $460,000 | n/a | 0.0% | |
| First Central Savings Bank | $455,000 | n/a | 0.0% | |
| Ixonia Bank | $105,000 | $445,000 | 323.8% | 0.0% |
| Cornerstone First Mortgage, Inc | $125,000 | $440,000 | 252.0% | 0.0% |
| Bank of Whittier | $710,000 | $435,000 | -38.7% | 0.0% |
| The First National Bank of Ottawa | $435,000 | n/a | 0.0% | |
| Citibank | $35,000 | $430,000 | 1,128.6% | 0.0% |
| The Community Bank | $415,000 | n/a | 0.0% | |
| FIRST COLONY MORTGAGE CORPORATION | $405,000 | n/a | 0.0% | |
| HOMESPIRE MORTGAGE CORPORATION | $400,000 | n/a | 0.0% | |
| Sutton Bank | $45,000 | $400,000 | 788.9% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $395,000 | n/a | 0.0% | |
| Wayne Savings Community Bank | $395,000 | n/a | 0.0% | |
| Mechanics Bank | $1,900,000 | $385,000 | -79.7% | 0.0% |
| GoPrime Mortgage, Inc. | $375,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $320,000 | $370,000 | 15.6% | 0.0% |
| Bank of Ann Arbor | $365,000 | n/a | 0.0% | |
| PROPER RATE, LLC | $365,000 | n/a | 0.0% | |
| STOCKTON MORTGAGE CORPORATION | $185,000 | $355,000 | 91.9% | 0.0% |
| First Federal Bank of Ohio | $470,000 | $345,000 | -26.6% | 0.0% |
| The Richwood Banking Company | $345,000 | n/a | 0.0% | |
| TOGETHER CREDIT UNION | $345,000 | n/a | 0.0% | |
| Bank of Magnolia Company | $405,000 | $335,000 | -17.3% | 0.0% |
| Prosperity Home Mortgage, LLC | $150,000 | $335,000 | 123.3% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $335,000 | $330,000 | -1.5% | 0.0% |
| Great Southern Bank | $325,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP | $45,000 | $325,000 | 622.2% | 0.0% |
| MMS MORTGAGE SERVICES, LTD. | $165,000 | $320,000 | 93.9% | 0.0% |
| Baxter Credit Union | $315,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $315,000 | n/a | 0.0% | |
| KEMBA FINANCIAL | $555,000 | $310,000 | -44.1% | 0.0% |
| LENDINGONE, LLC | $345,000 | $310,000 | -10.1% | 0.0% |
| Citadel Servicing Corporation | $300,000 | n/a | 0.0% | |
| First Western Trust Bank | $280,000 | $295,000 | 5.4% | 0.0% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $535,000 | $290,000 | -45.8% | 0.0% |
| CORNERSTONE HOME LENDING, INC. | $285,000 | n/a | 0.0% | |
| TELHIO | $380,000 | $285,000 | -25.0% | 0.0% |
| PARTNERS 1ST Federal Credit Union | $160,000 | $280,000 | 75.0% | 0.0% |
| DIGITAL Federal Credit Union | $95,000 | $275,000 | 189.5% | 0.0% |
| Alcova Mortgage LLC | $270,000 | n/a | 0.0% | |
| Cornerstone Credit Union | $265,000 | n/a | 0.0% | |
| Credence Funding Corporation | $265,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $355,000 | $255,000 | -28.2% | 0.0% |
| JMAC LENDING, INC. | $255,000 | n/a | 0.0% | |
| Portage Community Bank | $255,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $900,000 | $250,000 | -72.2% | 0.0% |
| Guardian Savings Bank, A Federal Savings Bank | $240,000 | n/a | 0.0% | |
| Secured Investment Corp. | $115,000 | $240,000 | 108.7% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $240,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $235,000 | n/a | 0.0% | |
| GREAT LAKES | $225,000 | n/a | 0.0% | |
| Somerville Bank | $225,000 | n/a | 0.0% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $605,000 | $225,000 | -62.8% | 0.0% |
| BAY EQUITY LLC | $215,000 | n/a | 0.0% | |
| Cf Bank | $215,000 | n/a | 0.0% | |
| MYCUMORTGAGE, LLC | $245,000 | $215,000 | -12.2% | 0.0% |
| THRIVENT Federal Credit Union | $200,000 | $215,000 | 7.5% | 0.0% |
| Waterstone Mortgage Corporation | $215,000 | n/a | 0.0% | |
| SILVER HILL FUNDING, LLC | $1,445,000 | $210,000 | -85.5% | 0.0% |
| HOMESTEAD FUNDING CORP. | $205,000 | n/a | 0.0% | |
| UNITED | $420,000 | $205,000 | -51.2% | 0.0% |
| Merchants Mortgage & Trust Corporation | $195,000 | n/a | 0.0% | |
| UNITED MORTGAGE CORP | $195,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $190,000 | n/a | 0.0% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $185,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $165,000 | $185,000 | 12.1% | 0.0% |
| Stifel Bank and Trust | $1,810,000 | $185,000 | -89.8% | 0.0% |
| CREDIT UNION OF OHIO | $180,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $250,000 | $180,000 | -28.0% | 0.0% |
| Bank of England | $175,000 | $175,000 | 0.0% | 0.0% |
| First State Bank | $925,000 | $175,000 | -81.1% | 0.0% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $175,000 | n/a | 0.0% | |
| Truity Federal Credit Union | $175,000 | n/a | 0.0% | |
| HILTON FINANCIAL CORPORATION | $90,000 | $170,000 | 88.9% | 0.0% |
| TOWNE MORTGAGE COMPANY | $195,000 | $165,000 | -15.4% | 0.0% |
| United Bank | $165,000 | n/a | 0.0% | |
| First National Bank of America | $125,000 | $155,000 | 24.0% | 0.0% |
| Meijer Credit Union | $155,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $155,000 | n/a | 0.0% | |
| NATIONS RELIABLE LENDING, LLC | $185,000 | $155,000 | -16.2% | 0.0% |
| NEXERA HOLDING LLC | $155,000 | n/a | 0.0% | |
| CREDIT UNION WEST | $145,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $145,000 | n/a | 0.0% | |
| GARDNER FINANCIAL SERVICES, LTD. | $145,000 | n/a | 0.0% | |
| Three Rivers Federal Credit Union | $250,000 | $145,000 | -42.0% | 0.0% |
| GENISYS | $350,000 | $135,000 | -61.4% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $105,000 | $135,000 | 28.6% | 0.0% |
| Merchants Bank of Indiana | $135,000 | n/a | 0.0% | |
| MILEND, INC. | $135,000 | n/a | 0.0% | |
| WesBanco | $135,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $120,000 | $130,000 | 8.3% | 0.0% |
| BMO Harris Bank | $185,000 | $125,000 | -32.4% | 0.0% |
| LCNB National Bank | $125,000 | n/a | 0.0% | |
| Monroe Federal Savings and Loan Association | $125,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $330,000 | $125,000 | -62.1% | 0.0% |
| STAR USA FEDERAL CREDIT UNION | $60,000 | $120,000 | 100.0% | 0.0% |
| Home Bank SB | $115,000 | n/a | 0.0% | |
| PANORAMA MORTGAGE GROUP, LLC | $115,000 | n/a | 0.0% | |
| Paramount Bank | $115,000 | n/a | 0.0% | |
| GREENWOOD | $110,000 | n/a | 0.0% | |
| Axos Bank | $105,000 | n/a | 0.0% | |
| FLAT BRANCH MORTGAGE, INC. | $65,000 | $105,000 | 61.5% | 0.0% |
| JUSTICE Federal Credit Union | $115,000 | $105,000 | -8.7% | 0.0% |
| MIDWEST AMERICA | $105,000 | n/a | 0.0% | |
| S&T Bank | $105,000 | n/a | 0.0% | |
| AXIA FINANCIAL, LLC | $95,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $55,000 | $95,000 | 72.7% | 0.0% |
| Deere Employees Credit Union | $105,000 | $95,000 | -9.5% | 0.0% |
| PREMIER AMERICA | $95,000 | n/a | 0.0% | |
| UNIVERSAL 1 CREDIT UNION | $95,000 | n/a | 0.0% | |
| Independent Bank | $145,000 | $85,000 | -41.4% | 0.0% |
| Ohio Catholic Federal Credit Union | $205,000 | $85,000 | -58.5% | 0.0% |
| Park Lane Finance Solutions, LLC | $85,000 | n/a | 0.0% | |
| BRIDGE | $195,000 | $80,000 | -59.0% | 0.0% |
| Connexus Credit Union | $75,000 | n/a | 0.0% | |
| HONDA Federal Credit Union | $160,000 | $75,000 | -53.1% | 0.0% |
| RiverHills Bank | $65,000 | n/a | 0.0% | |
| WESCOM CENTRAL CREDIT UNION | $160,000 | $65,000 | -59.4% | 0.0% |
| Transportation Federal Credit Union | $60,000 | n/a | 0.0% | |
| BayCoast Bank | $55,000 | n/a | 0.0% | |
| Centier Bank | $505,000 | $55,000 | -89.1% | 0.0% |
| Charles Schwab Bank, SSB | $75,000 | $55,000 | -26.7% | 0.0% |
| M&T Bank | $320,000 | $55,000 | -82.8% | 0.0% |
| PROPONENT Federal Credit Union | $55,000 | n/a | 0.0% | |
| EVANSVILLE TEACHERS | $475,000 | $35,000 | -92.6% | 0.0% |
| EVERENCE FEDERAL CREDIT UNION | $155,000 | $35,000 | -77.4% | 0.0% |
| DELTA COMMUNITY CREDIT UNION | $135,000 | $25,000 | -81.5% | 0.0% |
| TOWER | $25,000 | n/a | 0.0% |
TOLEDO's top lender by overall market share is The Huntington National Bank, with 11.7% market share. In second place, with 5.8%, is QUICKEN LOANS, LLC, having originated $122,400,000 in loans. In third place, with 4.8%, is UNION HOME MORTGAGE CORP., having originated $100,890,000 in loans. In fourth place, with 4.8%, is Fifth Third Bank, having originated $100,270,000 in loans. In fifth place, with 3.8%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $79,255,000 in loans.
TOLEDO, OH Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 6,369 | $1,446,615,000 | $227,134 |
| Home Improvement | 1,559 | $119,635,000 | $76,738 |
| Cash Out Refi | 1,524 | $219,430,000 | $143,983 |
| Other | 1,455 | $107,495,000 | $73,880 |
| Refi | 1,310 | $208,620,000 | $159,252 |
| NA | 1 | $55,000 | $55,000 |
Toledo's most frequently cited loan purpose was Home Purchase, with 6,369 originations. The 2nd most popular reason was Home Improvement, with 1,559 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 4,435 | $935,325,000 | $210,896 |
| Over 8% | 3,591 | $352,775,000 | $98,239 |
| 7-8% | 2,889 | $501,895,000 | $173,726 |
| 5-6% | 898 | $204,610,000 | $227,851 |
| 4-5% | 60 | $12,750,000 | $212,500 |
| <2.5% | 23 | $155,000 | $6,739 |
| 3-4% | 9 | $1,395,000 | $155,000 |
| 2.5-3% | 2 | $300,000 | $150,000 |
During 2024, Toledo's most frequently originated rate bucket was 6-7%, with 4,435 originations.
Loan Sizing (TOLEDO, OH MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 4,603 | $263,325,000 | $57,207 |
| $100k-200k | 4,147 | $597,265,000 | $144,023 |
| $200k-400k | 2,819 | $768,115,000 | $272,478 |
| $400k-600k | 482 | $226,460,000 | $469,834 |
| $600k-1000k | 120 | $85,450,000 | $712,083 |
| $Over $1MM | 47 | $161,235,000 | $3,430,532 |
TOLEDO's loan sizing saw the bucket of loans from $100,000 or less with 4,603 originations, totaling $263,325,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 4,636 | $984,650,000 | $212,392 |
| 60-80% | 2,558 | $522,140,000 | $204,120 |
| 20-40% | 1,899 | $155,065,000 | $81,656 |
| Under 20% | 1,406 | $57,800,000 | $41,110 |
| 40-60% | 1,195 | $231,445,000 | $193,678 |
| Over 100% | 84 | $26,320,000 | $313,333 |
TOLEDO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 4,636 originations, totaling $984,650,000 in origination value.