Van Wert 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 Van Wert averaged 6.64% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.73% and one month ago for the week of 2024-11-07, the average rate was 7.03%.

    Van Wert's average rate one year ago was 7.07%.

    For refis of the same type during the week of 2024-12-12, the average rate was 6.6%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Van Wert 30 Year Fixed Rate 2024-12-12 6.64%
    Van Wert 30 Year Fixed Rate Refi 2024-12-12 6.6%
    Van Wert 15 Year Fixed Rate 2024-12-12 5.84%
    Van Wert 15 Year Fixed Rate Refi 2024-12-12 6.04%
    Van Wert 30 Year FHA 2024-12-12 6.18%
    Van Wert 30 Year FHA Refi 2024-12-12 6.08%
    Van Wert 30 Year USDA 2024-12-12 6.4%
    Van Wert 30 Year USDA Refi 2024-12-12 6.4%
    Van Wert 30 Year VA 2024-12-12 5.88%
    Van Wert 30 Year VA Refi 2024-12-12 5.98%
    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 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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Superior Credit Union, Inc. 24 6.82% $3,220
    The Union Bank Company 11 6.52% $3,639
    U.S. Bank 11 6.90% $3,639
    The Citizens National Bank of Bluffton 11 6.83% $3,105
    First Financial Bank 10 7.25% $3,975
    QUICKEN LOANS, LLC 7 6.96% $4,971
    CROSSCOUNTRY MORTGAGE, LLC 6 7.09% $5,551
    First Federal Bank of the Midwest 5 7.18% $3,718
    SUPERIOR FINANCIAL SOLUTIONS, LLC 4 7.06% $2,565
    The Huntington National Bank 4 6.71% $4,894
    The Farmers & Merchants State Bank 3 6.40% $5,775
    JPMorgan Chase Bank 3 7.04% $4,295
    Farm Credit Mid-America, ACA 3 6.92% $7,475
    AMERISAVE MORTGAGE CORPORATION 2 6.19% $8,557
    Fifth Third Bank 2 6.74% $3,223
    LOANDEPOT.COM, LLC 2 7.00% $4,322
    NEWREZ LLC 2 7.63% $3,369
    RUOFF MORTGAGE COMPANY, INC. 2 7.06% $3,114
    The State Bank and Trust Company 2 5.88% $3,641
    Three Rivers Federal Credit Union 2 6.88% $3,366
    Wells Fargo Bank 2 7.25% $4,367
    Minster Bank 1 6.88% $1,972
    HOMESIDE FINANCIAL, LLC 1 7.13% $5,762
    Flagstar Bank, FSB 1 6.13% $5,216
    First Merchants Bank 1 6.88% $3,307
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.50% $3,801
    Ameris Bank 1 7.13% $2,904
    Civista Bank 1 6.75% $5,293
    WesBanco 1 7.13% $4,174
    PARTNERS 1ST Federal Credit Union 1 8.13% $4,052
    ProFed Federal Credit Union 1 5.25% $3,340
    NAVY FEDERAL CREDIT UNION 1 7.63% $2,659
    Union Savings Bank 1 5.88% $1,943

    Van Wert Average Closing Costs & Other Stats

    Van Wert, OH's 33 lenders originated 372 loans during 2023. The total origination value was $50,570,000, with an average loan value of $135,941.

    Van Wert's average closing costs are $3,896.

    The top Van Wert lender as defined by loan originations is Superior Credit Union, Inc., with 24 loans originated. Their average total fees are $3,220, which is $419 lower than the next largest lender, The Union Bank Company.

    The lowest fee Van Wert lenders (with over 10 loans originated) are The Citizens National Bank of Bluffton ($3,105), Superior Credit Union, Inc. ($3,220), The Union Bank Company ($3,639), U.S. Bank ($3,639) and First Financial Bank ($3,975).

    The lowest rate Van Wert lenders (with over 10 loans originated) are The Union Bank Company (6.52%), Superior Credit Union, Inc. (6.82%), The Citizens National Bank of Bluffton (6.83%), U.S. Bank (6.90%) and First Financial Bank (7.25%).

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Superior Credit Union, Inc. $6,520,000 $7,520,000 15.3% 14.9%
    The Citizens National Bank of Bluffton $2,410,000 $3,900,000 61.8% 7.7%
    Minster Bank $455,000 $2,850,000 526.4% 5.6%
    The Union Bank Company $3,210,000 $2,540,000 -20.9% 5.0%
    First Financial Bank $2,365,000 $2,430,000 2.7% 4.8%
    CROSSCOUNTRY MORTGAGE, LLC $2,490,000 $2,260,000 -9.2% 4.5%
    U.S. Bank $3,480,000 $2,250,000 -35.3% 4.4%
    QUICKEN LOANS, LLC $4,090,000 $1,910,000 -53.3% 3.8%
    First Bank of Berne $3,355,000 $1,365,000 -59.3% 2.7%
    First Federal Bank of the Midwest $3,155,000 $1,255,000 -60.2% 2.5%
    AG Credit, Agricultural Credit Association $1,265,000 $1,145,000 -9.5% 2.3%
    The Huntington National Bank $1,065,000 $1,145,000 7.5% 2.3%
    NEWREZ LLC $125,000 $1,100,000 780.0% 2.2%
    Farm Credit Mid-America, ACA $1,505,000 $1,045,000 -30.6% 2.1%
    Fifth Third Bank $725,000 $980,000 35.2% 1.9%
    The Farmers & Merchants State Bank $1,010,000 $855,000 -15.3% 1.7%
    SUPERIOR FINANCIAL SOLUTIONS, LLC $850,000 n/a 1.7%
    JPMorgan Chase Bank $105,000 $760,000 623.8% 1.5%
    LOANDEPOT.COM, LLC $1,430,000 $690,000 -51.7% 1.4%
    Wells Fargo Bank $755,000 $685,000 -9.3% 1.4%
    Mortgage Research Center, LLC $1,950,000 $675,000 -65.4% 1.3%
    AMERISAVE MORTGAGE CORPORATION $990,000 $565,000 -42.9% 1.1%
    Carrington Mortgage Services, LLC $95,000 $560,000 489.5% 1.1%
    Civista Bank $25,000 $540,000 2,060.0% 1.1%
    Union Savings Bank $265,000 $505,000 90.6% 1.0%
    Flagstar Bank, FSB $1,530,000 $490,000 -68.0% 1.0%
    The State Bank and Trust Company $880,000 $455,000 -48.3% 0.9%
    Three Rivers Federal Credit Union $2,570,000 $415,000 -83.9% 0.8%
    FREEDOM MORTGAGE CORPORATION $350,000 $410,000 17.1% 0.8%
    UNITED WHOLESALE MORTGAGE, LLC $125,000 $380,000 204.0% 0.8%
    Equity Prime Mortgage LLC $355,000 $370,000 4.2% 0.7%
    CRESCENT MORTGAGE COMPANY $360,000 n/a 0.7%
    Lake City Bank $360,000 $355,000 -1.4% 0.7%
    NAVY FEDERAL CREDIT UNION $780,000 $345,000 -55.8% 0.7%
    PARTNERS 1ST Federal Credit Union $345,000 n/a 0.7%
    PENNYMAC LOAN SERVICES, LLC $340,000 n/a 0.7%
    HOMESIDE FINANCIAL, LLC $215,000 $330,000 53.5% 0.7%
    V.I.P. MORTGAGE, INC. $305,000 $325,000 6.6% 0.6%
    RUOFF MORTGAGE COMPANY, INC. $210,000 $320,000 52.4% 0.6%
    Nations Lending Corporation $135,000 $295,000 118.5% 0.6%
    TOWNE MORTGAGE COMPANY $275,000 n/a 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $185,000 $265,000 43.2% 0.5%
    PENTAGON FEDERAL CREDIT UNION $45,000 $245,000 444.4% 0.5%
    BROKER SOLUTIONS, INC. $85,000 $235,000 176.5% 0.5%
    NEW DAY FINANCIAL, LLC $125,000 $215,000 72.0% 0.4%
    AMERICAN FINANCIAL RESOURCES, INC. $185,000 n/a 0.4%
    GUARANTEED RATE, INC. $185,000 n/a 0.4%
    POLARIS HOME FUNDING CORP. $145,000 $185,000 27.6% 0.4%
    ProFed Federal Credit Union $55,000 $185,000 236.4% 0.4%
    THRIVE MORTGAGE, LLC $185,000 n/a 0.4%
    Servion, Inc. $175,000 n/a 0.3%
    First Merchants Bank $100,000 $170,000 70.0% 0.3%
    The Federal Savings Bank $150,000 n/a 0.3%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $135,000 n/a 0.3%
    MID AMERICA MORTGAGE, INC. $160,000 $135,000 -15.6% 0.3%
    SIWELL, INC. $105,000 $135,000 28.6% 0.3%
    Northpointe Bank $115,000 n/a 0.2%
    UNION HOME MORTGAGE CORP. $220,000 $115,000 -47.7% 0.2%
    WesBanco $115,000 n/a 0.2%
    Ameris Bank $450,000 $105,000 -76.7% 0.2%
    RAPID MORTGAGE COMPANY $105,000 n/a 0.2%
    LAKEVIEW LOAN SERVICING, LLC $95,000 n/a 0.2%
    The Middlefield Banking Company $85,000 n/a 0.2%
    Western Ohio Mortgage Corporation $85,000 n/a 0.2%
    Willamette Valley Bank $85,000 n/a 0.2%
    Deere Employees Credit Union $80,000 n/a 0.2%
    Coastal Community Bank $75,000 n/a 0.1%
    HONDA Federal Credit Union $75,000 $60,000 -20.0% 0.1%
    CHERRY CREEK MORTGAGE, LLC $55,000 n/a 0.1%
    KEMBA FINANCIAL $45,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $45,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $25,000 $35,000 40.0% 0.1%
    Bank of America $35,000 n/a 0.1%
    MIDWEST AMERICA $135,000 $35,000 -74.1% 0.1%
    Figure Lending LLC $60,000 $25,000 -58.3% 0.0%
    Home Loan Investment Bank, F.S.B. $15,000 $25,000 66.7% 0.0%
    The Park National Bank $25,000 n/a 0.0%
    Citizens Bank $155,000 $15,000 -90.3% 0.0%

    Van Wert's top lender by overall market share is Superior Credit Union, Inc., with 14.9% market share. In second place, with 7.7%, is The Citizens National Bank of Bluffton, having originated $3,900,000 in loans. In third place, with 5.6%, is Minster Bank, having originated $2,850,000 in loans. In fourth place, with 5.0%, is The Union Bank Company, having originated $2,540,000 in loans. In fifth place, with 4.8%, is First Financial Bank, having originated $2,430,000 in loans.

    Van Wert Housing Market Trends (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 $91,750 (33.1%) $107,974 (17.9%) 0.00 86
    2018-02-01 $82,800 (18.0%) $101,644 (7.0%) 0.00 80
    2018-03-01 $82,200 (14.1%) $102,676 (5.6%) 0.00 82
    2018-04-01 $86,950 (18.5%) $104,969 (15.1%) 0.00 81
    2018-05-01 $89,550 (9.5%) $110,778 (10.8%) 0.00 77
    2018-06-01 $91,400 (9.4%) $115,498 (4.3%) 0.00 89
    2018-07-01 $89,900 (4.1%) $113,121 (0.5%) 0.00 100
    2018-08-01 $92,800 (13.4%) $114,226 (2.0%) 0.00 97
    2018-09-01 $94,400 (12.4%) $111,774 (-1.5%) 0.00 101
    2018-10-01 $89,900 (-0.9%) $107,971 (-7.1%) 0.00 87
    2018-11-01 $103,675 (16.5%) $113,114 (6.9%) 0.00 86
    2018-12-01 $95,900 (8.7%) $111,203 (2.0%) 0.00 77
    2019-01-01 $89,900 (-2.0%) $109,209 (1.1%) 0.00 73
    2019-02-01 $94,150 (13.7%) $112,329 (10.5%) 0.00 71
    2019-03-01 $94,943 (15.5%) $112,319 (9.4%) 0.00 60
    2019-04-01 $94,993 (9.3%) $112,466 (7.1%) 0.00 54
    2019-05-01 $95,875 (7.1%) $115,211 (4.0%) 0.00 57
    2019-06-01 $109,900 (20.2%) $127,573 (10.5%) 0.00 65
    2019-07-01 $125,975 (40.1%) $139,698 (23.5%) 0.00 79
    2019-08-01 $126,136 (35.9%) $142,370 (24.6%) 0.00 81
    2019-09-01 $121,841 (29.1%) $140,287 (25.5%) 0.00 85
    2019-10-01 $119,452 (32.9%) $138,466 (28.2%) 0.00 87
    2019-11-01 $108,950 (5.1%) $135,562 (19.9%) 0.00 86
    2019-12-01 $105,000 (9.5%) $135,581 (21.9%) 0.00 43
    2020-01-01 $105,000 (16.8%) $143,784 (31.7%) 0.00 43
    2020-02-01 $112,000 (19.0%) $145,882 (29.9%) 0.00 63
    2020-03-01 $114,500 (20.6%) $149,753 (33.3%) 0.00 70
    2020-04-01 $117,875 (24.1%) $165,975 (47.6%) 0.00 59
    2020-05-01 $110,000 (14.7%) $169,177 (46.8%) 0.00 45
    2020-06-01 $115,950 (5.5%) $176,341 (38.2%) 0.00 43
    2020-07-01 $129,000 (2.4%) $170,116 (21.8%) 0.00 47
    2020-08-01 $127,400 (1.0%) $172,595 (21.2%) 0.00 49
    2020-09-01 $134,800 (10.6%) $177,309 (26.4%) 0.00 46
    2020-10-01 $139,900 (17.1%) $172,489 (24.6%) 0.00 48
    2020-11-01 $133,050 (22.1%) $168,511 (24.3%) 0.00 54
    2020-12-01 $126,175 (20.2%) $170,390 (25.7%) 0.00 46
    2021-01-01 $92,500 (-11.9%) $166,589 (15.9%) 0.00 36
    2021-02-01 $139,975 (25.0%) $209,970 (43.9%) 0.00 23
    2021-03-01 $141,375 (23.5%) $220,258 (47.1%) 0.00 20
    2021-04-01 $137,000 (16.2%) $211,455 (27.4%) 0.00 22
    2021-05-01 $125,500 (14.1%) $216,614 (28.0%) 0.00 24
    2021-06-01 $163,445 (41.0%) $253,327 (43.7%) 0.00 23
    2021-07-01 $150,000 (16.3%) $216,190 (27.1%) 0.00 25
    2021-08-01 $140,450 (10.2%) $193,104 (11.9%) 0.00 29
    2021-09-01 $144,625 (7.3%) $222,062 (25.2%) 0.00 26
    2021-10-01 $154,950 (10.8%) $236,469 (37.1%) 0.00 29
    2021-11-01 $140,950 (5.9%) $207,209 (23.0%) 0.00 33
    2021-12-01 $131,950 (4.6%) $203,186 (19.3%) 0.00 22
    2022-01-01 $132,000 (42.7%) $204,419 (22.7%) 0.00 22
    2022-02-01 $138,450 (-1.1%) $237,212 (13.0%) 0.00 16
    2022-03-01 $146,200 (3.4%) $242,302 (10.0%) 0.00 18
    2022-04-01 $139,900 (2.1%) $214,100 (1.3%) 0.00 20
    2022-05-01 $137,750 (9.8%) $187,852 (-13.3%) 0.00 30
    2022-06-01 $146,675 (-10.3%) $197,031 (-22.2%) 0.00 30
    2022-07-01 $159,950 (6.6%) $199,154 (-7.9%) 0.00 39
    2022-08-01 $149,900 (6.7%) $185,934 (-3.7%) 0.00 50
    2022-09-01 $158,900 (9.9%) $193,772 (-12.7%) 0.00 53
    2022-10-01 $155,950 (0.7%) $201,505 (-14.8%) 0.00 45
    2022-11-01 $148,450 (5.3%) $197,935 (-4.5%) 0.00 39
    2022-12-01 $141,750 (7.4%) $216,845 (6.7%) 0.00 38
    2023-01-01 $127,200 (-3.6%) $213,724 (4.6%) 0.00 33
    2023-02-01 $191,975 (38.7%) $245,338 (3.4%) 0.00 26
    2023-03-01 $259,725 (77.7%) $295,103 (21.8%) 0.00 25
    2023-04-01 $314,900 (125.1%) $312,147 (45.8%) 0.00 21
    2023-05-01 $306,175 (122.3%) $319,455 (70.1%) 0.00 20
    2023-06-01 $292,400 (99.4%) $313,726 (59.2%) 0.00 23
    2023-07-01 $292,400 (82.8%) $302,973 (52.1%) 0.00 23
    2023-08-01 $302,400 (101.7%) $316,462 (70.2%) 0.00 21
    2023-09-01 $279,900 (76.2%) $285,652 (47.4%) 0.00 23
    2023-10-01 $256,200 (64.3%) $262,130 (30.1%) 0.00 31
    2023-11-01 $240,950 (62.3%) $238,957 (20.7%) 0.00 37
    2023-12-01 $239,000 (68.6%) $240,749 (11.0%) 0.00 42
    2024-01-01 $236,750 (86.1%) $236,822 (10.8%) 0.00 46
    2024-02-01 $245,750 (28.0%) $239,127 (-2.5%) 0.00 39
    2024-03-01 $269,950 (3.9%) $255,618 (-13.4%) 0.00 32
    2024-04-01 $269,950 (-14.3%) $263,713 (-15.5%) 0.00 37
    2024-05-01 $246,175 (-19.6%) $259,892 (-18.7%) 0.00 36
    2024-06-01 $250,950 (-14.2%) $264,341 (-15.7%) 0.00 38
    2024-07-01 $257,475 (-11.9%) $276,424 (-8.8%) 0.00 36
    2024-08-01 $230,000 (-23.9%) $266,887 (-15.7%) 0.00 47
    2024-09-01 $213,500 (-23.7%) $251,581 (-11.9%) 0.00 50
    2024-10-01 $210,000 (-18.0%) $248,687 (-5.1%) 0.00 41
    2024-11-01 $210,900 (-12.5%) $254,493 (6.5%) 0.00 38
    Van Wert's median listing price for 2024-11-01 was $210,900, a difference of $-30,050 (-12.5%) versus the prior year and $900 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 2024-11-01 was $254,493, a difference of $15,536 (6.5%) versus the prior year and $5,806 versus the prior month.

    For the 2024-11-01 period, Van Wert had 38 MLS listings, a difference of -3 listings (-7%) versus the prior month and 1 listings (3%) 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 1,603 sqft
    2018-02-01 0 days 1,554 sqft
    2018-03-01 0 days 1,541 sqft
    2018-04-01 0 days 1,590 sqft
    2018-05-01 0 days 1,600 sqft
    2018-06-01 0 days 1,610 sqft
    2018-07-01 0 days 1,572 sqft
    2018-08-01 0 days 1,623 sqft
    2018-09-01 0 days 1,652 sqft
    2018-10-01 0 days 1,624 sqft
    2018-11-01 0 days 1,645 sqft
    2018-12-01 0 days 1,624 sqft
    2019-01-01 0 days 1,606 sqft
    2019-02-01 0 days 1,617 sqft
    2019-03-01 0 days 1,601 sqft
    2019-04-01 0 days 1,608 sqft
    2019-05-01 0 days 1,638 sqft
    2019-06-01 0 days 1,799 sqft
    2019-07-01 0 days 1,802 sqft
    2019-08-01 0 days 1,787 sqft
    2019-09-01 0 days 1,719 sqft
    2019-10-01 0 days 1,681 sqft
    2019-11-01 0 days 1,673 sqft
    2019-12-01 0 days 1,712 sqft
    2020-01-01 0 days 1,827 sqft
    2020-02-01 0 days 1,666 sqft
    2020-03-01 0 days 1,651 sqft
    2020-04-01 0 days 1,681 sqft
    2020-05-01 0 days 1,724 sqft
    2020-06-01 0 days 1,784 sqft
    2020-07-01 0 days 1,830 sqft
    2020-08-01 0 days 1,885 sqft
    2020-09-01 0 days 1,868 sqft
    2020-10-01 0 days 1,660 sqft
    2020-11-01 0 days 1,616 sqft
    2020-12-01 0 days 1,585 sqft
    2021-01-01 0 days 1,632 sqft
    2021-02-01 0 days 1,773 sqft
    2021-03-01 0 days 1,819 sqft
    2021-04-01 0 days 1,614 sqft
    2021-05-01 0 days 1,580 sqft
    2021-06-01 0 days 1,744 sqft
    2021-07-01 0 days 1,680 sqft
    2021-08-01 0 days 1,646 sqft
    2021-09-01 0 days 1,821 sqft
    2021-10-01 0 days 1,831 sqft
    2021-11-01 0 days 1,706 sqft
    2021-12-01 0 days 1,885 sqft
    2022-01-01 0 days 1,768 sqft
    2022-02-01 0 days 1,846 sqft
    2022-03-01 0 days 1,797 sqft
    2022-04-01 0 days 1,743 sqft
    2022-05-01 0 days 1,554 sqft
    2022-06-01 0 days 1,582 sqft
    2022-07-01 0 days 1,680 sqft
    2022-08-01 0 days 1,690 sqft
    2022-09-01 0 days 1,714 sqft
    2022-10-01 0 days 1,720 sqft
    2022-11-01 0 days 1,686 sqft
    2022-12-01 0 days 1,664 sqft
    2023-01-01 0 days 1,661 sqft
    2023-02-01 0 days 1,667 sqft
    2023-03-01 0 days 1,739 sqft
    2023-04-01 0 days 1,753 sqft
    2023-05-01 0 days 1,800 sqft
    2023-06-01 0 days 1,771 sqft
    2023-07-01 0 days 1,706 sqft
    2023-08-01 0 days 1,730 sqft
    2023-09-01 0 days 1,753 sqft
    2023-10-01 0 days 1,761 sqft
    2023-11-01 0 days 1,681 sqft
    2023-12-01 0 days 1,703 sqft
    2024-01-01 0 days 1,683 sqft
    2024-02-01 0 days 1,720 sqft
    2024-03-01 0 days 1,776 sqft
    2024-04-01 0 days 1,599 sqft
    2024-05-01 0 days 1,650 sqft
    2024-06-01 0 days 1,768 sqft
    2024-07-01 0 days 1,690 sqft
    2024-08-01 0 days 1,656 sqft
    2024-09-01 0 days 1,635 sqft
    2024-10-01 0 days 1,639 sqft
    2024-11-01 0 days 1,650 sqft
    Van Wert's median listing age (time on market) for 2024-11-01 was 0 days.

    Van Wert's median square footage for active listings during the 2024-11-01 period was 1,650 sqft. One year prior, the average listing was 1,681 sqft.

    Van Wert, OH Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 215 $38,965,000 $181,233
    Other 45 $2,445,000 $54,333
    Cash Out Refi 44 $4,680,000 $106,364
    Home Improvement 40 $1,910,000 $47,750
    Refi 28 $2,570,000 $91,786

    Van Wert's most frequently cited loan purpose was Home Purchase, with 215 originations. The 2nd most popular reason was Other, with 45 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 138 $20,910,000 $151,522
    7-8% 110 $14,990,000 $136,273
    Over 8% 72 $5,700,000 $79,167
    5-6% 37 $7,315,000 $197,703
    <2.5% 5 $25,000 $5,000
    4-5% 1 $135,000 $135,000
    3-4% 1 $105,000 $105,000

    During 2023, Van Wert's most frequently originated rate bucket was 6-7%, with 138 originations.

    Loan Sizing (Van Wert, OH MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 161 $8,215,000 $51,025
    $100k-200k 153 $21,515,000 $140,621
    $200k-400k 49 $12,635,000 $257,857
    $400k-600k 6 $2,790,000 $465,000
    $Over $1MM 2 $4,740,000 $2,370,000
    $600k-1000k 1 $675,000 $675,000

    Van Wert's loan sizing saw the bucket of loans from $100,000 or less with 161 originations, totaling $8,215,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 170 $26,160,000 $153,882
    60-80% 63 $12,995,000 $206,270
    20-40% 50 $2,870,000 $57,400
    Under 20% 45 $1,065,000 $23,667
    40-60% 29 $3,075,000 $106,034
    Over 100% 6 $2,990,000 $498,333

    Van Wert's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 170 originations, totaling $26,160,000 in origination value.