Urbana 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 Urbana averaged 6.71% 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 6.74% and one month ago for the week of 2024-10-03, the average rate was 6.34%.

    Urbana's average rate one year ago was 7.98%.

    For refis of the same type during the week of 2024-11-07, the average rate was 6.69%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Urbana 30 Year Fixed Rate 2024-11-07 6.71%
    Urbana 30 Year Fixed Rate Refi 2024-11-07 6.69%
    Urbana 15 Year Fixed Rate 2024-11-07 5.9%
    Urbana 15 Year Fixed Rate Refi 2024-11-07 6.3%
    Urbana 30 Year FHA 2024-11-07 6.44%
    Urbana 30 Year FHA Refi 2024-11-07 6.53%
    Urbana 30 Year USDA 2024-11-07 6.58%
    Urbana 30 Year USDA Refi 2024-11-07 6.68%
    Urbana 30 Year VA 2024-11-07 6.24%
    Urbana 30 Year VA Refi 2024-11-07 6.54%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Urbana, OH.

    Urbana 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 Urbana, 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 22 7.01% $5,370
    CROSSCOUNTRY MORTGAGE, LLC 18 7.15% $4,949
    WRIGHT-PATT CREDIT UNION, INC. 16 6.92% $2,833
    The Huntington National Bank 11 6.92% $5,582
    UNITED WHOLESALE MORTGAGE, LLC 11 6.40% $7,219
    The Park National Bank 11 7.05% $3,112
    UNION HOME MORTGAGE CORP. 9 6.93% $4,728
    JPMorgan Chase Bank 8 7.00% $4,741
    HONDA Federal Credit Union 8 6.63% $4,153
    Farm Credit Mid-America, ACA 8 7.36% $5,229
    Civista Bank 5 6.85% $3,564
    The Union Bank Company 4 6.56% $3,688
    Fifth Third Bank 4 6.85% $2,764
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 7.28% $5,262
    LOANDEPOT.COM, LLC 4 7.22% $4,960
    HOWARD HANNA FINANCIAL SERVICES, INC. 3 7.06% $4,038
    GUARANTEED RATE, INC. 3 6.05% $7,234
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.33% $5,266
    NEWREZ LLC 3 7.00% $5,517
    Third Federal Savings and Loan Association of Cleveland 3 5.92% $2,240
    NFM, INC. 3 7.25% $5,109
    PENNYMAC LOAN SERVICES, LLC 3 6.63% $3,304
    PNC Bank 3 6.67% $3,568
    WesBanco 3 6.79% $4,716
    Merchants Bank of Indiana 2 6.25% $5,633
    U.S. Bank 2 7.81% $3,594
    RUOFF MORTGAGE COMPANY, INC. 2 6.50% $4,663
    Union Savings Bank 2 6.31% $1,210
    MOVEMENT MORTGAGE, LLC 2 6.50% $5,761
    Mr. Cooper ( Nationstar Mortgage ) 2 7.00% $8,412
    THE EQUITABLE MORTGAGE CORPORATION 2 6.56% $5,591
    DAS Acquisition Company, LLC 2 7.37% $5,230
    T2 FINANCIAL LLC 2 6.50% $3,274
    EQUITY RESOURCES, INC. 2 6.50% $2,827
    Western Ohio Mortgage Corporation 2 6.88% $3,939
    BROKER SOLUTIONS, INC. 1 7.38% $4,411
    Bank of America 1 7.63% $3,017
    USAA Federal Savings Bank 1 6.88% $4,071
    Wells Fargo Bank 1 7.88% $4,745
    American Midwest Mortgage Corporation 1 6.50% $6,872
    COMPASS MORTGAGE, INC. 1 7.38% $3,311
    Fidelity Federal Savings and Loan Association 1 6.25% $3,600
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.63% $9,673
    FIRST COMMUNITY MORTGAGE, INC. 1 7.00% $15,520
    GSF Mortgage Corporation 1 6.00% $5,845
    GUARANTEED RATE AFFINITY, LLC 1 6.13% $4,693
    Guardian Savings Bank, A Federal Savings Bank 1 6.25% $5,974
    HOMESIDE FINANCIAL, LLC 1 7.50% $7,560
    COMMUNITY MORTGAGE FUNDING, LLC 1 6.38% $4,573
    1st National Bank 1 7.00% $4,421
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $9,142
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.49% $8,494
    Neighborhood Loans, Inc. 1 8.38% $5,722
    CHURCHILL MORTGAGE CORPORATION 1 6.88% $4,015
    ROYAL UNITED MORTGAGE LLC 1 6.25% $6,907
    SIBCY CLINE MORTGAGE SERVICES, INC. 1 6.88% $3,066
    Superior Credit Union, Inc. 1 6.38% $3,082
    TELHIO 1 6.00% $8,284
    The Community Bank 1 7.38% $3,536
    Carrington Mortgage Services, LLC 1 5.63% $10,353
    The Old Fort Banking Company 1 6.50% $3,128
    CALIBER HOME LOANS, INC. 1 6.88% $3,854
    The Richwood Banking Company 1 7.38% $6,431

    Urbana Average Closing Costs & Other Stats

    Urbana, OH's 63 lenders originated 734 loans during 2023. The total origination value was $116,550,000, with an average loan value of $158,787.

    Urbana's average closing costs are $4,817.

    The top Urbana lender as defined by loan originations is QUICKEN LOANS, LLC, with 22 loans originated. Their average total fees are $5,370, which is $421 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Urbana lenders (with over 10 loans originated) are WRIGHT-PATT CREDIT UNION, INC. ($2,833), The Park National Bank ($3,112), CROSSCOUNTRY MORTGAGE, LLC ($4,949), QUICKEN LOANS, LLC ($5,370) and The Huntington National Bank ($5,582).

    The lowest rate Urbana lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.40%), The Huntington National Bank (6.92%), WRIGHT-PATT CREDIT UNION, INC. (6.92%), QUICKEN LOANS, LLC (7.01%) and The Park National Bank (7.05%).

    Urbana, 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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    QUICKEN LOANS, LLC $11,815,000 $8,975,000 -24.0% 7.7%
    VANDERBILT MORTGAGE AND FINANCE, INC. $825,000 $7,995,000 869.1% 6.9%
    WRIGHT-PATT CREDIT UNION, INC. $15,135,000 $7,735,000 -48.9% 6.6%
    CROSSCOUNTRY MORTGAGE, LLC $4,495,000 $5,045,000 12.2% 4.3%
    UNITED WHOLESALE MORTGAGE, LLC $2,130,000 $4,710,000 121.1% 4.0%
    The Huntington National Bank $5,465,000 $4,500,000 -17.7% 3.9%
    21ST MORTGAGE CORPORATION $135,000 $3,500,000 2,492.6% 3.0%
    The Park National Bank $3,830,000 $3,475,000 -9.3% 3.0%
    HONDA Federal Credit Union $5,040,000 $3,265,000 -35.2% 2.8%
    UNION HOME MORTGAGE CORP. $6,240,000 $3,075,000 -50.7% 2.6%
    NFM, INC. $3,760,000 $2,575,000 -31.5% 2.2%
    LOANDEPOT.COM, LLC $2,435,000 $2,385,000 -2.1% 2.0%
    Civista Bank $2,065,000 $2,310,000 11.9% 2.0%
    NEWREZ LLC $525,000 $2,235,000 325.7% 1.9%
    Fifth Third Bank $4,495,000 $2,195,000 -51.2% 1.9%
    JPMorgan Chase Bank $1,255,000 $2,010,000 60.2% 1.7%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,150,000 $1,830,000 59.1% 1.6%
    Farm Credit Mid-America, ACA $2,010,000 $1,805,000 -10.2% 1.5%
    Mortgage Research Center, LLC $4,810,000 $1,750,000 -63.6% 1.5%
    WesBanco $1,305,000 $1,620,000 24.1% 1.4%
    Western Ohio Mortgage Corporation $1,615,000 n/a 1.4%
    Union Savings Bank $2,190,000 $1,600,000 -26.9% 1.4%
    PENNYMAC LOAN SERVICES, LLC $1,355,000 $1,475,000 8.9% 1.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $1,385,000 $1,420,000 2.5% 1.2%
    The Union Bank Company $390,000 $1,245,000 219.2% 1.1%
    PNC Bank $1,200,000 $1,230,000 2.5% 1.1%
    HOMESIDE FINANCIAL, LLC $1,685,000 $1,225,000 -27.3% 1.1%
    U.S. Bank $1,445,000 $1,110,000 -23.2% 1.0%
    GUARANTEED RATE, INC. $795,000 $1,035,000 30.2% 0.9%
    The Farmers & Merchants State Bank $2,460,000 $1,020,000 -58.5% 0.9%
    Carrington Mortgage Services, LLC $1,180,000 $935,000 -20.8% 0.8%
    Third Federal Savings and Loan Association of Cleveland $730,000 $925,000 26.7% 0.8%
    THRIVE MORTGAGE, LLC $2,245,000 $910,000 -59.5% 0.8%
    THE EQUITABLE MORTGAGE CORPORATION $245,000 $875,000 257.1% 0.8%
    Mr. Cooper ( Nationstar Mortgage ) $940,000 $860,000 -8.5% 0.7%
    T2 FINANCIAL LLC $2,275,000 $815,000 -64.2% 0.7%
    TELHIO $170,000 $780,000 358.8% 0.7%
    The Richwood Banking Company $1,145,000 $770,000 -32.8% 0.7%
    HOWARD HANNA FINANCIAL SERVICES, INC. $760,000 n/a 0.7%
    LENDINGHOME FUNDING CORPORATION $75,000 $745,000 893.3% 0.6%
    The Savings Bank $730,000 n/a 0.6%
    IH CREDIT UNION, INC. $810,000 $705,000 -13.0% 0.6%
    BROKER SOLUTIONS, INC. $1,240,000 $595,000 -52.0% 0.5%
    Central Bank $585,000 n/a 0.5%
    MOVEMENT MORTGAGE, LLC $360,000 $520,000 44.4% 0.4%
    Paramount Residential Mortgage Group, Inc. $305,000 $510,000 67.2% 0.4%
    RUOFF MORTGAGE COMPANY, INC. $440,000 $505,000 14.8% 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $230,000 $500,000 117.4% 0.4%
    Bank of America $720,000 $485,000 -32.6% 0.4%
    FIRST COMMUNITY MORTGAGE, INC. $485,000 n/a 0.4%
    1ST SIGNATURE LENDING, LLC $580,000 $480,000 -17.2% 0.4%
    PLANET HOME LENDING, LLC $105,000 $475,000 352.4% 0.4%
    AMERISAVE MORTGAGE CORPORATION $655,000 $470,000 -28.2% 0.4%
    GUARANTEED RATE AFFINITY, LLC $1,015,000 $465,000 -54.2% 0.4%
    GENEVA FINANCIAL, LLC $315,000 $460,000 46.0% 0.4%
    EQUITY RESOURCES, INC. $575,000 $455,000 -20.9% 0.4%
    Guardian Savings Bank, A Federal Savings Bank $445,000 n/a 0.4%
    Flagstar Bank, FSB $1,035,000 $410,000 -60.4% 0.4%
    KEMBA FINANCIAL $370,000 $405,000 9.5% 0.3%
    CARDINAL FINANCIAL $485,000 $400,000 -17.5% 0.3%
    Minster Bank $380,000 n/a 0.3%
    Heartland Bank $370,000 n/a 0.3%
    Merchants Bank of Indiana $360,000 n/a 0.3%
    DAS Acquisition Company, LLC $430,000 $340,000 -20.9% 0.3%
    The Farmers State Bank $340,000 n/a 0.3%
    Wells Fargo Bank $570,000 $340,000 -40.4% 0.3%
    First Merchants Bank $325,000 n/a 0.3%
    FREEDOM MORTGAGE CORPORATION $1,440,000 $320,000 -77.8% 0.3%
    First Federal Community Bank of Bucyrus $405,000 $315,000 -22.2% 0.3%
    Neighborhood Loans, Inc. $315,000 n/a 0.3%
    POLARIS HOME FUNDING CORP. $125,000 $295,000 136.0% 0.3%
    New Carlisle Federal Savings Bank $1,840,000 $285,000 -84.5% 0.2%
    American Midwest Mortgage Corporation $265,000 n/a 0.2%
    FIRST CENTENNIAL MORTGAGE CORPORATION $255,000 n/a 0.2%
    LENOX FINANCIAL MORTGAGE CORPORATION $255,000 n/a 0.2%
    Hometown Equity Mortgage, LLC $250,000 n/a 0.2%
    FIRST ALLIANCE HOME MORTGAGE, LLC $245,000 n/a 0.2%
    Figure Lending LLC $75,000 $230,000 206.7% 0.2%
    Superior Credit Union, Inc. $135,000 $225,000 66.7% 0.2%
    The Community Bank $225,000 n/a 0.2%
    PLAZA HOME MORTGAGE, INC. $215,000 n/a 0.2%
    SECURITYNATIONAL MORTGAGE COMPANY $215,000 n/a 0.2%
    COMPASS MORTGAGE, INC. $205,000 n/a 0.2%
    VILLAGE CAPITAL MORTGAGE $415,000 $205,000 -50.6% 0.2%
    GSF Mortgage Corporation $125,000 $195,000 56.0% 0.2%
    LIBERTY HOME MORTGAGE CORPORATION $105,000 $195,000 85.7% 0.2%
    The Old Fort Banking Company $195,000 n/a 0.2%
    CALIBER HOME LOANS, INC. $7,540,000 $185,000 -97.5% 0.2%
    NEW DAY FINANCIAL, LLC $595,000 $185,000 -68.9% 0.2%
    Fidelity Federal Savings and Loan Association $175,000 n/a 0.2%
    UNIVERSAL 1 CREDIT UNION $145,000 $160,000 10.3% 0.1%
    First Financial Bank $490,000 $155,000 -68.4% 0.1%
    1st National Bank $145,000 n/a 0.1%
    COMMUNITY MORTGAGE FUNDING, LLC $145,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $145,000 $145,000 0.0% 0.1%
    Encompass Lending Group, LP $135,000 n/a 0.1%
    KeyBank $500,000 $135,000 -73.0% 0.1%
    ROYAL UNITED MORTGAGE LLC $185,000 $130,000 -29.7% 0.1%
    MID AMERICA MORTGAGE, INC. $125,000 n/a 0.1%
    NTFN, INC. $315,000 $125,000 -60.3% 0.1%
    SIBCY CLINE MORTGAGE SERVICES, INC. $125,000 n/a 0.1%
    Evolve Bank & Trust $920,000 $115,000 -87.5% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $630,000 $115,000 -81.7% 0.1%
    NATIONWIDE MORTGAGE BANKERS, INC. $325,000 $115,000 -64.6% 0.1%
    Citizens Bank $925,000 $105,000 -88.6% 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $255,000 $105,000 -58.8% 0.1%
    Pathways Financial Credit Union, Inc. $270,000 $95,000 -64.8% 0.1%
    The State Bank and Trust Company $95,000 n/a 0.1%
    Coastal Community Bank $90,000 n/a 0.1%
    NAVY FEDERAL CREDIT UNION $1,270,000 $90,000 -92.9% 0.1%
    Day Air Credit Union, Inc $70,000 $85,000 21.4% 0.1%
    Discover Bank $275,000 $85,000 -69.1% 0.1%
    AMERICAN HERITAGE LENDING, INC. $75,000 n/a 0.1%
    BRIDGE $75,000 n/a 0.1%
    LIMA ONE CAPITAL, LLC $75,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $250,000 $65,000 -74.0% 0.1%
    USAA Federal Savings Bank $185,000 $65,000 -64.9% 0.1%
    CME Federal Credit Union $55,000 n/a 0.0%
    First Bank Richmond $55,000 n/a 0.0%
    Northwest Bank $245,000 $55,000 -77.6% 0.0%
    Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%
    UNITED $15,000 n/a 0.0%

    Urbana's top lender by overall market share is QUICKEN LOANS, LLC, with 7.7% market share. In second place, with 6.9%, is VANDERBILT MORTGAGE AND FINANCE, INC., having originated $7,995,000 in loans. In third place, with 6.6%, is WRIGHT-PATT CREDIT UNION, INC., having originated $7,735,000 in loans. In fourth place, with 4.3%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $5,045,000 in loans. In fifth place, with 4.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $4,710,000 in loans.

    Urbana, OH Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 404 $82,180,000 $203,416
    Cash Out Refi 112 $15,060,000 $134,464
    Home Improvement 82 $5,890,000 $71,829
    Other 80 $6,340,000 $79,250
    Refi 56 $7,080,000 $126,429

    Urbana's most frequently cited loan purpose was Home Purchase, with 404 originations. The 2nd most popular reason was Cash Out Refi, with 112 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 233 $43,345,000 $186,030
    Over 8% 223 $25,935,000 $116,300
    7-8% 184 $31,050,000 $168,750
    5-6% 61 $12,015,000 $196,967
    <2.5% 4 $320,000 $80,000
    3-4% 4 $390,000 $97,500
    4-5% 3 $345,000 $115,000
    2.5-3% 1 $255,000 $255,000

    During 2023, Urbana's most frequently originated rate bucket was 6-7%, with 233 originations.

    Loan Sizing (Urbana, OH MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 287 $16,315,000 $56,847
    $100k-200k 263 $39,145,000 $148,840
    $200k-400k 162 $43,380,000 $267,778
    $400k-600k 20 $9,110,000 $455,500
    $600k-1000k 1 $605,000 $605,000
    $Over $1MM 1 $7,995,000 $7,995,000

    Urbana's loan sizing saw the bucket of loans from $100,000 or less with 287 originations, totaling $16,315,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 283 $57,295,000 $202,456
    Under 20% 121 $5,365,000 $44,339
    60-80% 113 $29,575,000 $261,726
    20-40% 100 $8,090,000 $80,900
    40-60% 61 $8,115,000 $133,033
    Over 100% 13 $3,545,000 $272,692

    Urbana's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 283 originations, totaling $57,295,000 in origination value.