Van Wert Mortgage Rates
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% |
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.).
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. LouisDate | 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 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. LouisDate | 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 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.