Van Wert Mortgage Rates

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

30 Year Fixed Rate mortgages in Van Wert averaged 5.66% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6.17% and one month ago for the week of 2022-05-26, the average rate was 5.36%.

Van Wert's average rate one year ago was 3.5%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.75%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Van Wert 30 Year Fixed Rate 2022-06-30 5.66%
Van Wert 30 Year Fixed Rate Refi 2022-06-30 5.75%
Van Wert 15 Year Fixed Rate 2022-06-30 5.53%
Van Wert 15 Year Fixed Rate Refi 2022-06-30 4.96%
Van Wert 30 Year FHA 2022-06-30 5.79%
Van Wert 30 Year FHA Refi 2022-06-30 5.61%
Van Wert 30 Year USDA 2022-06-30 5.78%
Van Wert 30 Year USDA Refi 2022-06-30 5.9%
Van Wert 30 Year VA 2022-06-30 5.63%
Van Wert 30 Year VA Refi 2022-06-30 5.67%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Van Wert, OH.

Van Wert Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, 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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Superior Credit Union, Inc. 37 2.92% $2,928
The Citizens National Bank of Bluffton 25 3.22% $2,383
QUICKEN LOANS, LLC 19 3.39% $4,652
First Financial Bank 17 3.45% $3,057
The Union Bank Company 15 3.11% $1,996
Three Rivers Federal Credit Union 14 3.27% $3,088
First Bank of Berne 13 3.39% $2,938
U.S. Bank 11 3.33% $2,712
The State Bank and Trust Company 9 3.08% $3,859
First Federal Bank of the Midwest 9 3.26% $2,999
RUOFF MORTGAGE COMPANY, INC. 8 3.20% $2,094
Wells Fargo Bank 6 3.50% $2,546
CROSSCOUNTRY MORTGAGE, LLC 5 3.07% $3,910
The Huntington National Bank 5 3.23% $3,139
CALIBER HOME LOANS, INC. 4 3.25% $2,390
Flagstar Bank, FSB 4 3.38% $3,455
AMERISAVE MORTGAGE CORPORATION 4 3.22% $4,899
Fifth Third Bank 3 3.69% $2,591
The Farmers & Merchants State Bank 3 3.73% $2,765
JPMorgan Chase Bank 3 3.21% $2,058
LOANDEPOT.COM, LLC 3 3.46% $4,506
Gateway First Bank 2 3.88% $1,203
Union Savings Bank 2 3.19% $967
UNITED WHOLESALE MORTGAGE, LLC 2 3.25% $6,647
ACADEMY MORTGAGE CORPORATION 2 3.13% $3,864
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.56% $4,120
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 2.94% $2,949
Deere Employees Credit Union 1 2.63% $3,393
SUPERIOR FINANCIAL SOLUTIONS, LLC 1 3.00% $1,819
T2 FINANCIAL LLC 1 2.75% $1,371
AMERICAN FINANCING CORPORATION 1 3.38% $2,587
The Park National Bank 1 2.88% $2,303
Citizens Bank 1 2.88% $2,567
BETTER MORTGAGE CORPORATION 1 3.63% $888
V.I.P. MORTGAGE, INC. 1 2.75% $3,507
SOUTHWEST FUNDING, LP 1 2.88% $4,094
HONDA Federal Credit Union 1 3.00% $3,058
Mr. Cooper ( Nationstar Mortgage ) 1 3.63% $5,212
NAVY FEDERAL CREDIT UNION 1 3.63% $1,627
PARTNERS 1ST Federal Credit Union 1 3.00% $3,000
PENNYMAC LOAN SERVICES, LLC 1 3.37% $728
POLARIS HOME FUNDING CORP. 1 3.25% $3,287
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.88% $3,860
Quontic Bank 1 5.38% $5,892
RAPID MORTGAGE COMPANY 1 3.75% $4,530
ROYAL UNITED MORTGAGE LLC 1 3.13% $5,118
First Merchants Bank 1 3.00% $3,284
Strong Home Mortgage, LLC 1 3.63% $1,811

Van Wert, OH's 48 lenders originated 733 loans during 2021. The total origination value was $86,585,000, with an average loan value of $118,124.

The top Van Wert lender as defined by loan originations is Superior Credit Union, Inc., with 37 loans originated. Their average total fees are $2,928, which is $545 higher than the next largest lender, The Citizens National Bank of Bluffton.

The lowest fee Van Wert lenders (with over 10 loans originated) are The Union Bank Company ($1,996), The Citizens National Bank of Bluffton ($2,383), U.S. Bank ($2,712), Superior Credit Union, Inc. ($2,928) and First Bank of Berne ($2,938).

The lowest rate Van Wert lenders (with over 10 loans originated) are Superior Credit Union, Inc. (2.92%), The Union Bank Company (3.11%), The Citizens National Bank of Bluffton (3.22%), Three Rivers Federal Credit Union (3.27%) and U.S. Bank (3.33%).

Van Wert, OH Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Superior Credit Union, Inc. $12,370,000 $11,105,000 -10.2% 12.8%
The Citizens National Bank of Bluffton $11,675,000 $8,095,000 -30.7% 9.3%
QUICKEN LOANS, LLC $4,665,000 $8,060,000 72.8% 9.3%
First Financial Bank $5,720,000 $4,375,000 -23.5% 5.1%
Three Rivers Federal Credit Union $2,715,000 $3,540,000 30.4% 4.1%
The Union Bank Company $5,735,000 $3,400,000 -40.7% 3.9%
First Bank of Berne $5,680,000 $2,910,000 -48.8% 3.4%
CROSSCOUNTRY MORTGAGE, LLC $2,940,000 $2,905,000 -1.2% 3.4%
U.S. Bank $2,780,000 $2,665,000 -4.1% 3.1%
CALIBER HOME LOANS, INC. $1,340,000 $2,580,000 92.5% 3.0%
First Federal Bank of the Midwest $5,860,000 $2,560,000 -56.3% 3.0%
RUOFF MORTGAGE COMPANY, INC. $405,000 $2,280,000 463.0% 2.6%
AG Credit, Agricultural Credit Association $1,940,000 $2,125,000 9.5% 2.5%
FREEDOM MORTGAGE CORPORATION $2,100,000 $1,895,000 -9.8% 2.2%
The State Bank and Trust Company $1,020,000 $1,825,000 78.9% 2.1%
Flagstar Bank, FSB $1,525,000 $1,805,000 18.4% 2.1%
MID AMERICA MORTGAGE, INC. $445,000 $1,350,000 203.4% 1.6%
LOANDEPOT.COM, LLC $1,085,000 $1,225,000 12.9% 1.4%
Mortgage Research Center, LLC $980,000 $1,180,000 20.4% 1.4%
The Huntington National Bank $1,125,000 $1,165,000 3.6% 1.3%
JPMorgan Chase Bank $385,000 $1,025,000 166.2% 1.2%
Union Savings Bank $260,000 $980,000 276.9% 1.1%
Wells Fargo Bank $510,000 $940,000 84.3% 1.1%
AMERISAVE MORTGAGE CORPORATION $195,000 $910,000 366.7% 1.1%
UNITED WHOLESALE MORTGAGE, LLC $65,000 $715,000 1,000.0% 0.8%
Mr. Cooper ( Nationstar Mortgage ) $225,000 $610,000 171.1% 0.7%
Fifth Third Bank $840,000 $565,000 -32.7% 0.7%
NEWREZ LLC $75,000 $560,000 646.7% 0.6%
AMERICAN FINANCIAL RESOURCES, INC. $180,000 $500,000 177.8% 0.6%
FIRST OHIO HOME FINANCE, INC. $500,000 n/a 0.6%
PENNYMAC LOAN SERVICES, LLC $320,000 $490,000 53.1% 0.6%
PRIMELENDING, A PLAINSCAPITAL COMPANY $85,000 $490,000 476.5% 0.6%
RELIANCE FIRST CAPITAL, LLC $255,000 $490,000 92.2% 0.6%
ROYAL UNITED MORTGAGE LLC $295,000 $470,000 59.3% 0.5%
POLARIS HOME FUNDING CORP. $95,000 $455,000 378.9% 0.5%
Carrington Mortgage Services, LLC $395,000 $445,000 12.7% 0.5%
The Farmers & Merchants State Bank $230,000 $430,000 87.0% 0.5%
V.I.P. MORTGAGE, INC. $430,000 n/a 0.5%
AMERIFIRST FINANCIAL CORPORATION $325,000 $420,000 29.2% 0.5%
RAPID MORTGAGE COMPANY $205,000 $380,000 85.4% 0.4%
MYCUMORTGAGE, LLC $375,000 n/a 0.4%
ACADEMY MORTGAGE CORPORATION $340,000 n/a 0.4%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $330,000 n/a 0.4%
MIDWEST AMERICA $55,000 $320,000 481.8% 0.4%
NAVY FEDERAL CREDIT UNION $315,000 $320,000 1.6% 0.4%
Capital Bank $275,000 n/a 0.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $285,000 $270,000 -5.3% 0.3%
Magnolia Bank $235,000 $255,000 8.5% 0.3%
Barrington Bank & Trust Company, N.A. $95,000 $250,000 163.2% 0.3%
First Federal Savings and Loan Association of Lakewood $195,000 $225,000 15.4% 0.3%
BETTER MORTGAGE CORPORATION $220,000 n/a 0.3%
SOUTHWEST FUNDING, LP $220,000 n/a 0.3%
Notre Dame Federal Credit Union Corporation $205,000 n/a 0.2%
Gateway First Bank $200,000 n/a 0.2%
BM Real Estate Services, Inc. $195,000 n/a 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $195,000 n/a 0.2%
SIGNATURE MORTGAGE CORPORATION $85,000 $185,000 117.6% 0.2%
BROKER SOLUTIONS, INC. $270,000 $175,000 -35.2% 0.2%
Deere Employees Credit Union $175,000 n/a 0.2%
NP, Inc. $175,000 n/a 0.2%
Servion, Inc. $175,000 n/a 0.2%
PARTNERS 1ST Federal Credit Union $160,000 n/a 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $155,000 $160,000 3.2% 0.2%
First Merchants Bank $250,000 $145,000 -42.0% 0.2%
Strong Home Mortgage, LLC $145,000 n/a 0.2%
21ST MORTGAGE CORPORATION $140,000 n/a 0.2%
LIBERTY HOME MORTGAGE CORPORATION $105,000 $135,000 28.6% 0.2%
PENTAGON FEDERAL CREDIT UNION $135,000 n/a 0.2%
STEARNS LENDING, LLC $155,000 $125,000 -19.4% 0.1%
Quontic Bank $115,000 n/a 0.1%
AMERICAN ADVISORS GROUP $260,000 $105,000 -59.6% 0.1%
HONDA Federal Credit Union $110,000 $105,000 -4.5% 0.1%
PANORAMA MORTGAGE GROUP, LLC $105,000 n/a 0.1%
USAA Federal Savings Bank $330,000 $105,000 -68.2% 0.1%
Old National Bank $95,000 n/a 0.1%
Citizens Bank $210,000 $85,000 -59.5% 0.1%
CIVIC FINANCIAL SERVICES, LLC $85,000 n/a 0.1%
SUPERIOR FINANCIAL SOLUTIONS, LLC $85,000 n/a 0.1%
The Park National Bank $80,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $75,000 n/a 0.1%
InterContinental Capital Group, Inc $225,000 $75,000 -66.7% 0.1%
Liberty National Bank $75,000 n/a 0.1%
T2 FINANCIAL LLC $330,000 $75,000 -77.3% 0.1%
The Henry County Bank $165,000 $75,000 -54.5% 0.1%
WRIGHT-PATT CREDIT UNION, INC. $60,000 n/a 0.1%
Discover Bank $55,000 $55,000 0.0% 0.1%
Figure Lending LLC $40,000 $55,000 37.5% 0.1%

Van Wert's top lender by overall market share is Superior Credit Union, Inc., with 12.8% market share. In second place, with 9.3%, is The Citizens National Bank of Bluffton, having originated $8,095,000 in loans. In third place, with 9.3%, is QUICKEN LOANS, LLC, having originated $8,060,000 in loans. In third place, with 5.1%, is First Financial Bank, having originated $4,375,000 in loans. In third place, with 4.1%, is Three Rivers Federal Credit Union, having originated $3,540,000 in loans.


Van Wert, OH Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 308 $40,500,000 $131,494
Refi 200 $23,650,000 $118,250
Cash Out Refi 139 $16,375,000 $117,806
Home Improvement 47 $3,015,000 $64,149
Other 39 $3,045,000 $78,077

Van Wert's most frequently cited loan purpose was Home Purchase, with 308 originations. The 2nd most popular reason was Refi, with 200 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 294 $35,730,000 $121,531
2.5-3% 233 $29,145,000 $125,086
<2.5% 133 $16,295,000 $122,519
4-5% 47 $4,175,000 $88,830
5-6% 15 $835,000 $55,667
Over 8% 5 $195,000 $39,000
6-7% 4 $130,000 $32,500
7-8% 2 $80,000 $40,000

During 2021, Van Wert's most frequently originated rate bucket was 3-4%, with 294 originations.

Loan Sizing (Van Wert, OH MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 338 $22,310,000 $66,006
$100k-200k 309 $42,525,000 $137,621
$200k-400k 83 $20,415,000 $245,964
$400k-600k 3 $1,335,000 $445,000

Van Wert's loan sizing saw the bucket of loans from $100,000 or less with 338 originations, totaling $22,310,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 338 $45,840,000 $135,621
60-80% 219 $27,395,000 $125,091
40-60% 79 $7,665,000 $97,025
20-40% 50 $2,770,000 $55,400
Under 20% 29 $675,000 $23,276
Over 100% 1 $165,000 $165,000

Van Wert's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 338 originations, totaling $45,840,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Van Wert (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 $92,950 (43.0%) $108,708 (21.5%) 0.00 68
2018-02-01 $89,450 (29.6%) $122,084 (27.6%) 0.00 65
2018-03-01 $89,000 (14.4%) $140,020 (41.0%) 0.00 66
2018-04-01 $93,950 (34.4%) $120,192 (31.5%) 0.00 68
2018-05-01 $99,000 (23.1%) $123,764 (22.8%) 0.00 67
2018-06-01 $99,500 (22.2%) $126,396 (14.8%) 0.00 78
2018-07-01 $89,900 (7.0%) $120,773 (8.8%) 0.00 86
2018-08-01 $94,500 (11.9%) $116,616 (0.3%) 0.00 84
2018-09-01 $93,800 (4.3%) $111,126 (-5.2%) 0.00 88
2018-10-01 $89,900 (-0.1%) $105,675 (-10.1%) 0.00 72
2018-11-01 $96,950 (15.3%) $111,418 (5.4%) 0.00 70
2018-12-01 $89,900 (6.4%) $108,836 (0.4%) 0.00 64
2019-01-01 $89,900 (-3.3%) $109,082 (0.3%) 0.00 61
2019-02-01 $98,000 (9.6%) $112,238 (-8.1%) 0.00 59
2019-03-01 $98,500 (10.7%) $112,037 (-20.0%) 0.00 51
2019-04-01 $98,500 (4.8%) $110,724 (-7.9%) 0.00 47
2019-05-01 $98,500 (-0.5%) $117,756 (-4.9%) 0.00 53
2019-06-01 $109,900 (10.5%) $126,806 (0.3%) 0.00 58
2019-07-01 $123,700 (37.6%) $134,939 (11.7%) 0.00 66
2019-08-01 $126,386 (33.7%) $141,123 (21.0%) 0.00 66
2019-09-01 $129,336 (37.9%) $146,519 (31.9%) 0.00 64
2019-10-01 $122,500 (36.3%) $140,937 (33.4%) 0.00 70
2019-11-01 $117,500 (21.2%) $138,083 (23.9%) 0.00 72
2019-12-01 $113,450 (26.2%) $138,803 (27.5%) 0.00 36
2020-01-01 $107,500 (19.6%) $149,489 (37.0%) 0.00 37
2020-02-01 $114,000 (16.3%) $145,537 (29.7%) 0.00 53
2020-03-01 $112,000 (13.7%) $150,027 (33.9%) 0.00 58
2020-04-01 $110,000 (11.7%) $163,510 (47.7%) 0.00 49
2020-05-01 $109,900 (11.6%) $172,110 (46.2%) 0.00 38
2020-06-01 $129,450 (17.8%) $189,605 (49.5%) 0.00 34
2020-07-01 $147,000 (18.8%) $187,835 (39.2%) 0.00 36
2020-08-01 $124,900 (-1.2%) $178,879 (26.8%) 0.00 40
2020-09-01 $119,900 (-7.3%) $175,408 (19.7%) 0.00 37
2020-10-01 $116,000 (-5.3%) $172,098 (22.1%) 0.00 39
2020-11-01 $92,400 (-21.4%) $170,795 (23.7%) 0.00 45
2020-12-01 $115,900 (2.2%) $174,298 (25.6%) 0.00 40
2021-01-01 $92,000 (-14.4%) $169,154 (13.2%) 0.00 34
2021-02-01 $139,950 (22.8%) $212,875 (46.3%) 0.00 21
2021-03-01 $142,000 (26.8%) $224,484 (49.6%) 0.00 19
2021-04-01 $131,000 (19.1%) $210,541 (28.8%) 0.00 20
2021-05-01 $135,000 (22.8%) $212,786 (23.6%) 0.00 22
2021-06-01 $164,190 (26.8%) $269,377 (42.1%) 0.00 17
2021-07-01 $150,000 (2.0%) $206,407 (9.9%) 0.00 24
2021-08-01 $136,750 (9.5%) $177,158 (-1.0%) 0.00 23
2021-09-01 $145,000 (20.9%) $209,577 (19.5%) 0.00 23
2021-10-01 $159,900 (37.8%) $237,957 (38.3%) 0.00 24
2021-11-01 $136,500 (47.7%) $200,881 (17.6%) 0.00 27
2021-12-01 $129,900 (12.1%) $186,523 (7.0%) 0.00 20
2022-01-01 $134,000 (45.7%) $187,190 (10.7%) 0.00 22
2022-02-01 $155,950 (11.4%) $229,034 (7.6%) 0.00 12
2022-03-01 $149,950 (5.6%) $227,337 (1.3%) 0.00 13
2022-04-01 $155,000 (18.3%) $206,289 (-2.0%) 0.00 19
2022-05-01 $134,900 (-0.1%) $187,784 (-11.8%) 0.00 28
2022-06-01 $153,000 (-6.8%) $204,882 (-23.9%) 0.00 25
Van Wert's median listing price for 2022-06-01 was $153,000, a difference of $-11,190 (-6.8%) versus the prior year and $18,100 versus the prior month.

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

Van Wert's average listing price for 2022-06-01 was $204,882, a difference of $-64,495 (-23.9%) versus the prior year and $17,098 versus the prior month.

For the 2022-06-01 period, Van Wert had 25 MLS listings, a difference of -3 listings (-11%) versus the prior month and 8 listings (47%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Van Wert (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,597 sqft
2018-02-01 0 days 1,548 sqft
2018-03-01 0 days 1,600 sqft
2018-04-01 0 days 1,602 sqft
2018-05-01 0 days 1,619 sqft
2018-06-01 0 days 1,616 sqft
2018-07-01 0 days 1,598 sqft
2018-08-01 0 days 1,620 sqft
2018-09-01 0 days 1,640 sqft
2018-10-01 0 days 1,621 sqft
2018-11-01 0 days 1,664 sqft
2018-12-01 0 days 1,624 sqft
2019-01-01 0 days 1,623 sqft
2019-02-01 0 days 1,624 sqft
2019-03-01 0 days 1,617 sqft
2019-04-01 0 days 1,613 sqft
2019-05-01 0 days 1,672 sqft
2019-06-01 0 days 1,832 sqft
2019-07-01 0 days 1,816 sqft
2019-08-01 0 days 1,781 sqft
2019-09-01 0 days 1,712 sqft
2019-10-01 0 days 1,650 sqft
2019-11-01 0 days 1,650 sqft
2019-12-01 0 days 1,700 sqft
2020-01-01 0 days 1,744 sqft
2020-02-01 0 days 1,638 sqft
2020-03-01 0 days 1,609 sqft
2020-04-01 0 days 1,640 sqft
2020-05-01 0 days 1,696 sqft
2020-06-01 0 days 1,936 sqft
2020-07-01 0 days 1,893 sqft
2020-08-01 0 days 1,885 sqft
2020-09-01 0 days 1,851 sqft
2020-10-01 0 days 1,568 sqft
2020-11-01 0 days 1,535 sqft
2020-12-01 0 days 1,549 sqft
2021-01-01 0 days 1,604 sqft
2021-02-01 0 days 1,773 sqft
2021-03-01 0 days 1,861 sqft
2021-04-01 0 days 1,604 sqft
2021-05-01 0 days 1,580 sqft
2021-06-01 0 days 1,716 sqft
2021-07-01 0 days 1,651 sqft
2021-08-01 0 days 1,584 sqft
2021-09-01 0 days 1,763 sqft
2021-10-01 0 days 1,924 sqft
2021-11-01 0 days 1,574 sqft
2021-12-01 0 days 1,768 sqft
2022-01-01 0 days 1,768 sqft
2022-02-01 0 days 2,092 sqft
2022-03-01 0 days 1,808 sqft
2022-04-01 0 days 1,642 sqft
2022-05-01 0 days 1,595 sqft
2022-06-01 0 days 1,680 sqft
Van Wert's median listing age (time on market) for 2022-06-01 was 0 days.

Van Wert's median square footage for active listings during the 2022-06-01 period was 1,680 sqft. One year prior, the average listing was 1,716 sqft.