Van Wert Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Van Wert averaged
6.6%
for the week of 2025-05-08, compared to the national average of
6.76% for the same period.
The average rate for the prior week (2025-05-01) was
6.7% and
one month ago for the week of 2025-04-03, the
average rate was 6.68%.
Van Wert's average rate one year ago was 7.26%.
For refis of the same type during the week of 2025-05-08, the average rate
was 7.26%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-05-08 | 6.76% |
| Van Wert 30 Year Fixed Rate | 2025-05-08 | 6.6% |
| Van Wert 30 Year Fixed Rate Refi | 2025-05-08 | 7.26% |
| Van Wert 15 Year Fixed Rate | 2025-05-08 | 5.99% |
| Van Wert 15 Year Fixed Rate Refi | 2025-05-08 | 5.89% |
| Van Wert 30 Year FHA | 2025-05-08 | 6.58% |
| Van Wert 30 Year FHA Refi | 2025-05-08 | 6.68% |
| Van Wert 30 Year USDA | 2025-05-08 | 6.37% |
| Van Wert 30 Year USDA Refi | 2025-05-08 | 6.57% |
| Van Wert 30 Year VA | 2025-05-08 | 6.47% |
| Van Wert 30 Year VA Refi | 2025-05-08 | 6.47% |
Van Wert 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 Van Wert, 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.).
Van Wert Average Closing Costs & Other Stats
Van Wert, OH's 37 lenders originated 424
loans during 2024. The total origination value was $55,610,000, with an average loan value of
$131,156.
Van Wert's average closing costs are $4,105.
The top Van Wert lender as defined by loan originations is Superior Credit Union, Inc., with
21 loans originated. Their average total fees are
$3,726, which is $596
higher than the next largest lender,
U.S. Bank.
The lowest fee Van Wert lenders (with over 10 loans originated) are
U.S. Bank ($3,130), Superior Credit Union, Inc. ($3,726), QUICKEN LOANS, LLC ($4,722), .
The lowest rate Van Wert lenders (with over 10 loans originated) are
Superior Credit Union, Inc. (6.47%), QUICKEN LOANS, LLC (6.80%), U.S. Bank (6.82%), .
Van Wert, 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 |
|---|---|---|---|---|
| Superior Credit Union, Inc. | $7,520,000 | $5,775,000 | -23.2% | 10.4% |
| QUICKEN LOANS, LLC | $1,910,000 | $4,095,000 | 114.4% | 7.4% |
| The Citizens National Bank of Bluffton | $3,900,000 | $3,485,000 | -10.6% | 6.3% |
| U.S. Bank | $2,250,000 | $2,985,000 | 32.7% | 5.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,260,000 | $2,725,000 | 20.6% | 4.9% |
| First Financial Bank | $2,430,000 | $2,720,000 | 11.9% | 4.9% |
| Mortgage Research Center, LLC | $675,000 | $2,525,000 | 274.1% | 4.5% |
| The State Bank and Trust Company | $455,000 | $2,050,000 | 350.5% | 3.7% |
| First Bank of Berne | $1,365,000 | $1,530,000 | 12.1% | 2.8% |
| NEWREZ LLC | $1,100,000 | $1,285,000 | 16.8% | 2.3% |
| Carrington Mortgage Services, LLC | $560,000 | $1,265,000 | 125.9% | 2.3% |
| FREEDOM MORTGAGE CORPORATION | $410,000 | $1,160,000 | 182.9% | 2.1% |
| JPMorgan Chase Bank | $760,000 | $1,140,000 | 50.0% | 2.0% |
| RUOFF MORTGAGE COMPANY, INC. | $320,000 | $1,115,000 | 248.4% | 2.0% |
| The Huntington National Bank | $1,145,000 | $1,065,000 | -7.0% | 1.9% |
| First Federal Bank of the Midwest | $1,255,000 | $1,045,000 | -16.7% | 1.9% |
| Equity Prime Mortgage LLC | $370,000 | $945,000 | 155.4% | 1.7% |
| Farm Credit Mid-America, ACA | $1,045,000 | $885,000 | -15.3% | 1.6% |
| The Farmers & Merchants State Bank | $855,000 | $870,000 | 1.8% | 1.6% |
| Three Rivers Federal Credit Union | $415,000 | $850,000 | 104.8% | 1.5% |
| LOANDEPOT.COM, LLC | $690,000 | $755,000 | 9.4% | 1.4% |
| Nations Lending Corporation | $295,000 | $635,000 | 115.3% | 1.1% |
| The Union Bank Company | $2,540,000 | $625,000 | -75.4% | 1.1% |
| Mr. Cooper ( Nationstar Mortgage ) | $615,000 | n/a | 1.1% | |
| HOMESIDE FINANCIAL, LLC | $330,000 | $610,000 | 84.8% | 1.1% |
| The Federal Savings Bank | $150,000 | $590,000 | 293.3% | 1.1% |
| AG Credit, Agricultural Credit Association | $1,145,000 | $520,000 | -54.6% | 0.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $380,000 | $520,000 | 36.8% | 0.9% |
| Fifth Third Bank | $980,000 | $510,000 | -48.0% | 0.9% |
| Discover Bank | $500,000 | n/a | 0.9% | |
| Alcova Mortgage LLC | $470,000 | n/a | 0.8% | |
| FIRST OHIO HOME FINANCE, INC. | $430,000 | n/a | 0.8% | |
| GVC MORTGAGE, INC. | $420,000 | n/a | 0.8% | |
| ProFed Federal Credit Union | $185,000 | $380,000 | 105.4% | 0.7% |
| BROKER SOLUTIONS, INC. | $235,000 | $365,000 | 55.3% | 0.7% |
| PLUS RELOCATION MORTGAGE, LLC | $365,000 | n/a | 0.7% | |
| NEW DAY FINANCIAL, LLC | $215,000 | $360,000 | 67.4% | 0.6% |
| Servion, Inc. | $175,000 | $355,000 | 102.9% | 0.6% |
| SUN WEST MORTGAGE COMPANY, INC. | $345,000 | n/a | 0.6% | |
| AMERISAVE MORTGAGE CORPORATION | $565,000 | $300,000 | -46.9% | 0.5% |
| PNC Bank | $300,000 | n/a | 0.5% | |
| NAVY FEDERAL CREDIT UNION | $345,000 | $290,000 | -15.9% | 0.5% |
| MICHIGAN MUTUAL, INC. | $285,000 | n/a | 0.5% | |
| ZILLOW HOME LOANS, LLC | $280,000 | n/a | 0.5% | |
| VILLAGE CAPITAL MORTGAGE | $265,000 | n/a | 0.5% | |
| Flagstar Bank, FSB | $490,000 | $235,000 | -52.0% | 0.4% |
| PLANET HOME LENDING, LLC | $235,000 | n/a | 0.4% | |
| MID AMERICA MORTGAGE, INC. | $135,000 | $225,000 | 66.7% | 0.4% |
| WRIGHT-PATT CREDIT UNION, INC. | $215,000 | n/a | 0.4% | |
| EMM LOANS LLC | $205,000 | n/a | 0.4% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $185,000 | $195,000 | 5.4% | 0.4% |
| 21ST MORTGAGE CORPORATION | $35,000 | $190,000 | 442.9% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $185,000 | n/a | 0.3% | |
| AMERICAN FINANCIAL NETWORK, INC. | $165,000 | n/a | 0.3% | |
| CHURCHILL MORTGAGE CORPORATION | $155,000 | n/a | 0.3% | |
| Figure Lending LLC | $25,000 | $155,000 | 520.0% | 0.3% |
| NFM, INC. | $155,000 | n/a | 0.3% | |
| Paramount Residential Mortgage Group, Inc. | $145,000 | n/a | 0.3% | |
| Union Savings Bank | $505,000 | $140,000 | -72.3% | 0.3% |
| Ameris Bank | $105,000 | $135,000 | 28.6% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $45,000 | $125,000 | 177.8% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $125,000 | n/a | 0.2% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $265,000 | $115,000 | -56.6% | 0.2% |
| Coastal Community Bank | $75,000 | $95,000 | 26.7% | 0.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $95,000 | n/a | 0.2% | |
| FINANCE OF AMERICA REVERSE LLC | $85,000 | n/a | 0.2% | |
| Cf Bank | $75,000 | n/a | 0.1% | |
| Lake City Bank | $355,000 | $75,000 | -78.9% | 0.1% |
| LIMA ONE CAPITAL, LLC | $75,000 | n/a | 0.1% | |
| LOANPAL, LLC | $75,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $75,000 | n/a | 0.1% | |
| Wells Fargo Bank | $685,000 | $75,000 | -89.1% | 0.1% |
| HONDA Federal Credit Union | $60,000 | $65,000 | 8.3% | 0.1% |
| MIDWEST AMERICA | $35,000 | $65,000 | 85.7% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $95,000 | $55,000 | -42.1% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $55,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $55,000 | n/a | 0.1% | |
| Greenville Federal | $45,000 | n/a | 0.1% | |
| Bank of America | $35,000 | $35,000 | 0.0% | 0.1% |
| First Merchants Bank | $170,000 | $25,000 | -85.3% | 0.0% |
Van Wert's top lender by overall market share is Superior Credit Union, Inc., with 10.4% market share. In second place, with 7.4%, is QUICKEN LOANS, LLC, having originated $4,095,000 in loans. In third place, with 6.3%, is The Citizens National Bank of Bluffton, having originated $3,485,000 in loans. In fourth place, with 5.4%, is U.S. Bank, having originated $2,985,000 in loans. In fifth place, with 4.9%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $2,725,000 in loans.
Van Wert, OH Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 214 | $36,930,000 | $172,570 |
| Home Improvement | 67 | $3,645,000 | $54,403 |
| Cash Out Refi | 67 | $7,595,000 | $113,358 |
| Other | 44 | $2,820,000 | $64,091 |
| Refi | 32 | $4,620,000 | $144,375 |
Van Wert's most frequently cited loan purpose was Home Purchase, with 214 originations. The 2nd most popular reason was Home Improvement, with 67 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 182 | $26,830,000 | $147,418 |
| 7-8% | 95 | $14,295,000 | $150,474 |
| Over 8% | 80 | $4,930,000 | $61,625 |
| 5-6% | 42 | $7,880,000 | $187,619 |
| <2.5% | 3 | $25,000 | $8,333 |
During 2024, Van Wert's most frequently originated rate bucket was 6-7%, with 182 originations.
Loan Sizing (Van Wert, OH MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 186 | $10,110,000 | $54,355 |
| $100k-200k | 161 | $23,895,000 | $148,416 |
| $200k-400k | 72 | $19,160,000 | $266,111 |
| $400k-600k | 4 | $1,820,000 | $455,000 |
| $600k-1000k | 1 | $625,000 | $625,000 |
Van Wert's loan sizing saw the bucket of loans from $100,000 or less with 186 originations, totaling $10,110,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 165 | $31,465,000 | $190,697 |
| 60-80% | 82 | $11,410,000 | $139,146 |
| 20-40% | 65 | $4,175,000 | $64,231 |
| Under 20% | 46 | $1,490,000 | $32,391 |
| 40-60% | 33 | $3,645,000 | $110,455 |
| Over 100% | 3 | $605,000 | $201,667 |
Van Wert's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 165 originations, totaling $31,465,000 in origination value.