Vincennes Mortgage Rates

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  • Trends
  • Rates vs. Fees
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  • Market Share
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  • Time on Market/Property Size
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Vincennes averaged 6.08% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

    The average rate for the prior week (2022-06-16) was 5.75% and one month ago for the week of 2022-05-19, the average rate was 5.62%.

    Vincennes's average rate one year ago was 3.29%.

    For refis of the same type during the week of 2022-06-23, the average rate was 5.77%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2022-06-23 5.81%
    Vincennes 30 Year Fixed Rate 2022-06-23 6.08%
    Vincennes 30 Year Fixed Rate Refi 2022-06-23 5.77%
    Vincennes 15 Year Fixed Rate 2022-06-23 5.63%
    Vincennes 15 Year Fixed Rate Refi 2022-06-23 5.39%
    Vincennes 30 Year FHA 2022-06-23 0.43%
    Vincennes 30 Year FHA Refi 2022-06-23 -0.06%
    Vincennes 30 Year USDA 2022-06-23 0.52%
    Vincennes 30 Year USDA Refi 2022-06-23 0.39%
    Vincennes 30 Year VA 2022-06-23 0.73%
    Vincennes 30 Year VA Refi 2022-06-23 0.18%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Vincennes, IN.

    Vincennes 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 Vincennes, IN 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
    EVANSVILLE TEACHERS 64 3.13% $2,208
    German American Bank 48 3.16% $2,368
    RUOFF MORTGAGE COMPANY, INC. 24 3.23% $1,492
    Old National Bank 20 3.21% $1,904
    QUICKEN LOANS, LLC 12 3.13% $4,964
    Regions Bank 12 3.05% $2,389
    GUARANTEED RATE, INC. 10 3.48% $2,707
    First Financial Bank 8 3.84% $2,775
    MORTGAGE MASTERS OF INDIANA, INC. 7 3.00% $2,953
    UNITED WHOLESALE MORTGAGE, LLC 6 2.96% $3,731
    First Federal Savings Bank 6 3.56% $1,288
    Wells Fargo Bank 5 3.50% $3,060
    Fifth Third Bank 4 3.00% $3,049
    LOANDEPOT.COM, LLC 4 3.00% $4,716
    Farm Credit Mid-America, ACA 4 3.59% $7,572
    GVC MORTGAGE, INC. 3 3.25% $3,478
    ROYAL UNITED MORTGAGE LLC 2 3.63% $5,175
    JPMorgan Chase Bank 2 3.18% $3,165
    Northpointe Bank 2 3.10% $2,202
    FREEDOM MORTGAGE CORPORATION 2 3.06% $2,615
    AMERISAVE MORTGAGE CORPORATION 2 2.75% $4,704
    BROKER SOLUTIONS, INC. 2 2.81% $3,729
    CRANE 2 3.38% $865
    PLAZA HOME MORTGAGE, INC. 1 3.13% $4,558
    BMO Harris Bank 1 3.13% $2,606
    BEACON CREDIT UNION 1 2.75% $1,890
    Renasant Bank 1 2.50% $4,817
    Bank of England 1 3.00% $2,667
    The Huntington National Bank 1 2.78% $3,034
    TOP FLITE FINANCIAL, INC. 1 3.25% $5,555
    U.S. Bank 1 2.99% $2,059
    AMERICAN FINANCIAL NETWORK, INC. 1 2.88% $7,026
    FINANCE OF AMERICA MORTGAGE LLC 1 3.13% $3,032
    Equity Prime Mortgage LLC 1 4.13% $2,351
    Florida Capital Bank 1 2.88% $1,492
    CHERRY CREEK MORTGAGE, LLC 1 4.63% $673
    Carrington Mortgage Services, LLC 1 4.38% $3,950
    HALLMARK HOME MORTGAGE, LLC 1 4.13% $4,239
    Mercantile Bank of Michigan 1 3.38% $2,229
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.00% $13,575
    NEWREZ LLC 1 2.88% $3,056
    Northwest Bank 1 3.63% $2,863

    Vincennes, IN's 42 lenders originated 973 loans during 2021. The total origination value was $121,405,000, with an average loan value of $124,774.

    The top Vincennes lender as defined by loan originations is EVANSVILLE TEACHERS, with 64 loans originated. Their average total fees are $2,208, which is $159 lower than the next largest lender, German American Bank.

    The lowest fee Vincennes lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($1,492), Old National Bank ($1,904), EVANSVILLE TEACHERS ($2,208), German American Bank ($2,368) and Regions Bank ($2,389).

    The lowest rate Vincennes lenders (with over 10 loans originated) are Regions Bank (3.05%), EVANSVILLE TEACHERS (3.13%), QUICKEN LOANS, LLC (3.13%), German American Bank (3.16%) and Old National Bank (3.21%).

    Vincennes, IN 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
    EVANSVILLE TEACHERS $36,290,000 $32,405,000 -10.7% 26.7%
    German American Bank $15,850,000 $16,125,000 1.7% 13.3%
    RUOFF MORTGAGE COMPANY, INC. $7,395,000 $9,015,000 21.9% 7.4%
    Old National Bank $17,025,000 $8,350,000 -51.0% 6.9%
    QUICKEN LOANS, LLC $4,705,000 $6,470,000 37.5% 5.3%
    Regions Bank $9,790,000 $5,260,000 -46.3% 4.3%
    First Financial Bank $285,000 $3,090,000 984.2% 2.5%
    Mortgage Research Center, LLC $1,405,000 $2,750,000 95.7% 2.3%
    UNITED WHOLESALE MORTGAGE, LLC $560,000 $2,685,000 379.5% 2.2%
    MORTGAGE MASTERS OF INDIANA, INC. $1,210,000 $2,375,000 96.3% 2.0%
    PLAZA HOME MORTGAGE, INC. $280,000 $2,240,000 700.0% 1.8%
    GUARANTEED RATE, INC. $105,000 $1,990,000 1,795.2% 1.6%
    Fifth Third Bank $1,675,000 $1,830,000 9.3% 1.5%
    FREEDOM MORTGAGE CORPORATION $1,965,000 $1,745,000 -11.2% 1.4%
    First Federal Savings Bank $1,630,000 $1,710,000 4.9% 1.4%
    Farm Credit Mid-America, ACA $1,355,000 $1,655,000 22.1% 1.4%
    AMERISAVE MORTGAGE CORPORATION $530,000 $1,155,000 117.9% 1.0%
    HOME POINT FINANCIAL CORPORATION $195,000 $1,095,000 461.5% 0.9%
    LOANDEPOT.COM, LLC $510,000 $1,090,000 113.7% 0.9%
    Wells Fargo Bank $505,000 $1,040,000 105.9% 0.9%
    CRANE $455,000 $840,000 84.6% 0.7%
    PENNYMAC LOAN SERVICES, LLC $215,000 $770,000 258.1% 0.6%
    LAKEVIEW LOAN SERVICING, LLC $745,000 n/a 0.6%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $625,000 n/a 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $1,105,000 $580,000 -47.5% 0.5%
    The Huntington National Bank $555,000 n/a 0.5%
    The First National Bank of Carmi $1,010,000 $545,000 -46.0% 0.4%
    BROKER SOLUTIONS, INC. $300,000 $510,000 70.0% 0.4%
    Carrington Mortgage Services, LLC $550,000 $490,000 -10.9% 0.4%
    Barrington Bank & Trust Company, N.A. $335,000 $485,000 44.8% 0.4%
    NAVY FEDERAL CREDIT UNION $210,000 $485,000 131.0% 0.4%
    GVC MORTGAGE, INC. $425,000 n/a 0.4%
    BEACON CREDIT UNION $655,000 $420,000 -35.9% 0.3%
    Owen County State Bank $225,000 $420,000 86.7% 0.3%
    NEW DAY FINANCIAL, LLC $555,000 $395,000 -28.8% 0.3%
    Bank of England $240,000 $345,000 43.8% 0.3%
    JPMorgan Chase Bank $65,000 $340,000 423.1% 0.3%
    UNION HOME MORTGAGE CORP. $335,000 n/a 0.3%
    HALLMARK HOME MORTGAGE, LLC $330,000 n/a 0.3%
    CHERRY CREEK MORTGAGE, LLC $305,000 n/a 0.3%
    Equity Prime Mortgage LLC $305,000 n/a 0.3%
    NBKC BANK $295,000 n/a 0.2%
    U.S. Bank $125,000 $295,000 136.0% 0.2%
    LIMA ONE CAPITAL, LLC $290,000 n/a 0.2%
    BETTER MORTGAGE CORPORATION $275,000 n/a 0.2%
    Mercantile Bank of Michigan $275,000 n/a 0.2%
    BOONVILLE FEDERAL SAVINGS BANK $70,000 $255,000 264.3% 0.2%
    First Farmers Bank and Trust Company $245,000 n/a 0.2%
    21ST MORTGAGE CORPORATION $185,000 $235,000 27.0% 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $225,000 $235,000 4.4% 0.2%
    MID AMERICA MORTGAGE, INC. $230,000 n/a 0.2%
    LOANPAL, LLC $225,000 n/a 0.2%
    VILLAGE CAPITAL & INVESTMENT LLC $690,000 $225,000 -67.4% 0.2%
    Nations Lending Corporation $300,000 $220,000 -26.7% 0.2%
    Petefish, Skiles & Co. $205,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $125,000 $190,000 52.0% 0.2%
    Centra Credit Union $185,000 n/a 0.2%
    The Federal Savings Bank $390,000 $185,000 -52.6% 0.2%
    UNIFY FINANCIAL Credit Union $395,000 $185,000 -53.2% 0.2%
    FINANCE OF AMERICA MORTGAGE LLC $175,000 n/a 0.1%
    Plains Commerce Bank $185,000 $175,000 -5.4% 0.1%
    First Savings Bank $170,000 n/a 0.1%
    Renasant Bank $165,000 n/a 0.1%
    FAIR WAY LENDING LLC $155,000 n/a 0.1%
    BMO Harris Bank $135,000 n/a 0.1%
    AMCAP MORTGAGE, LTD. $125,000 n/a 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $105,000 $120,000 14.3% 0.1%
    Northpointe Bank $120,000 n/a 0.1%
    Florida Capital Bank $115,000 n/a 0.1%
    TRIAD FINANCIAL SERVICES, INC. $110,000 n/a 0.1%
    CALIBER HOME LOANS, INC. $285,000 $105,000 -63.2% 0.1%
    PHH Mortgage Corporation $105,000 n/a 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $105,000 n/a 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $105,000 n/a 0.1%
    ENDEAVOR CAPITAL, LLC. $135,000 $95,000 -29.6% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $85,000 $95,000 11.8% 0.1%
    OPEN MORTGAGE, LLC $95,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $95,000 n/a 0.1%
    NEWREZ LLC $105,000 $85,000 -19.0% 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $75,000 n/a 0.1%
    Figure Lending LLC $25,000 $75,000 200.0% 0.1%
    Northwest Bank $160,000 $75,000 -53.1% 0.1%
    AMERIFIRST FINANCIAL CORPORATION $170,000 $65,000 -61.8% 0.1%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $65,000 $65,000 0.0% 0.1%
    INDIANA MEMBERS CREDIT UNION $25,000 n/a 0.0%

    Vincennes's top lender by overall market share is EVANSVILLE TEACHERS, with 26.7% market share. In second place, with 13.3%, is German American Bank, having originated $16,125,000 in loans. In third place, with 7.4%, is RUOFF MORTGAGE COMPANY, INC., having originated $9,015,000 in loans. In third place, with 6.9%, is Old National Bank, having originated $8,350,000 in loans. In third place, with 5.3%, is QUICKEN LOANS, LLC, having originated $6,470,000 in loans.

    Vincennes, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 386 $55,530,000 $143,860
    Refi 302 $36,480,000 $120,795
    Cash Out Refi 173 $20,615,000 $119,162
    Home Improvement 82 $5,910,000 $72,073
    Other 30 $2,870,000 $95,667

    Vincennes's most frequently cited loan purpose was Home Purchase, with 386 originations. The 2nd most popular reason was Refi, with 302 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 387 $48,435,000 $125,155
    2.5-3% 371 $50,145,000 $135,162
    <2.5% 131 $15,555,000 $118,740
    4-5% 58 $5,140,000 $88,621
    5-6% 10 $470,000 $47,000
    Over 8% 4 $150,000 $37,500
    6-7% 3 $235,000 $78,333
    7-8% 3 $305,000 $101,667

    During 2021, Vincennes's most frequently originated rate bucket was 3-4%, with 387 originations.

    Loan Sizing (Vincennes, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 456 $27,970,000 $61,338
    $100k-200k 370 $51,770,000 $139,919
    $200k-400k 129 $32,745,000 $253,837
    $400k-600k 17 $8,195,000 $482,059
    $600k-1000k 1 $725,000 $725,000

    Vincennes's loan sizing saw the bucket of loans from $100,000 or less with 456 originations, totaling $27,970,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 403 $57,955,000 $143,809
    60-80% 272 $38,340,000 $140,956
    40-60% 115 $12,115,000 $105,348
    20-40% 88 $5,870,000 $66,705
    Under 20% 64 $2,160,000 $33,750
    Over 100% 7 $1,365,000 $195,000

    Vincennes's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 403 originations, totaling $57,955,000 in origination value.

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Vincennes (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 $69,900 (-12.5%) $122,277 (-2.2%) 0.00 104
    2018-02-01 $77,450 (-3.1%) $123,849 (-0.7%) 0.00 100
    2018-03-01 $72,500 (-9.3%) $120,806 (-4.6%) 0.00 102
    2018-04-01 $76,450 (-4.3%) $124,939 (-1.6%) 0.00 102
    2018-05-01 $92,400 (15.6%) $142,155 (17.0%) 0.00 114
    2018-06-01 $114,900 (43.8%) $158,728 (24.4%) 0.00 109
    2018-07-01 $114,900 (15.5%) $152,377 (6.1%) 0.00 109
    2018-08-01 $109,000 (-0.7%) $152,798 (-3.6%) 0.00 108
    2018-09-01 $109,900 (0.9%) $160,160 (-0.3%) 0.00 109
    2018-10-01 $117,400 (17.8%) $168,484 (10.9%) 0.00 100
    2018-11-01 $99,900 (5.2%) $160,244 (11.8%) 0.00 103
    2018-12-01 $89,900 (30.3%) $158,590 (31.9%) 0.00 101
    2019-01-01 $89,900 (28.6%) $155,466 (27.1%) 0.00 106
    2019-02-01 $84,900 (9.6%) $154,155 (24.5%) 0.00 99
    2019-03-01 $84,900 (17.1%) $156,139 (29.3%) 0.00 92
    2019-04-01 $82,400 (7.8%) $158,079 (26.5%) 0.00 89
    2019-05-01 $105,950 (14.7%) $176,099 (23.9%) 0.00 84
    2019-06-01 $135,900 (18.3%) $188,755 (18.9%) 0.00 81
    2019-07-01 $142,500 (24.0%) $185,618 (21.8%) 0.00 100
    2019-08-01 $142,814 (31.0%) $178,494 (16.8%) 0.00 111
    2019-09-01 $142,764 (29.9%) $176,080 (9.9%) 0.00 115
    2019-10-01 $137,500 (17.1%) $175,710 (4.3%) 0.00 104
    2019-11-01 $144,900 (45.1%) $172,658 (7.8%) 0.00 92
    2019-12-01 $124,900 (38.9%) $171,056 (7.9%) 0.00 87
    2020-01-01 $135,000 (50.2%) $174,470 (12.2%) 0.00 79
    2020-02-01 $109,900 (29.5%) $164,147 (6.5%) 0.00 75
    2020-03-01 $97,400 (14.7%) $158,768 (1.7%) 0.00 73
    2020-04-01 $87,000 (5.6%) $148,739 (-5.9%) 0.00 63
    2020-05-01 $79,900 (-24.6%) $146,148 (-17.0%) 0.00 60
    2020-06-01 $74,900 (-44.9%) $152,944 (-19.0%) 0.00 54
    2020-07-01 $102,900 (-27.8%) $166,876 (-10.1%) 0.00 53
    2020-08-01 $102,900 (-28.0%) $155,129 (-13.1%) 0.00 61
    2020-09-01 $94,750 (-33.6%) $156,756 (-11.0%) 0.00 59
    2020-10-01 $125,900 (-8.4%) $158,925 (-9.6%) 0.00 57
    2020-11-01 $122,900 (-15.2%) $162,155 (-6.1%) 0.00 60
    2020-12-01 $98,750 (-20.9%) $148,380 (-13.3%) 0.00 65
    2021-01-01 $94,000 (-30.4%) $143,995 (-17.5%) 0.00 61
    2021-02-01 $99,900 (-9.1%) $161,882 (-1.4%) 0.00 55
    2021-03-01 $101,750 (4.5%) $162,032 (2.1%) 0.00 48
    2021-04-01 $82,900 (-4.7%) $176,814 (18.9%) 0.00 38
    2021-05-01 $70,900 (-11.3%) $150,722 (3.1%) 0.00 38
    2021-06-01 $96,950 (29.4%) $148,556 (-2.9%) 0.00 34
    2021-07-01 $76,250 (-25.9%) $138,770 (-16.8%) 0.00 37
    2021-08-01 $112,450 (9.3%) $155,571 (0.3%) 0.00 44
    2021-09-01 $124,900 (31.8%) $171,080 (9.1%) 0.00 55
    2021-10-01 $129,900 (3.2%) $162,361 (2.2%) 0.00 66
    2021-11-01 $120,200 (-2.2%) $168,212 (3.7%) 0.00 59
    2021-12-01 $118,950 (20.5%) $165,891 (11.8%) 0.00 59
    2022-01-01 $104,900 (11.6%) $160,619 (11.5%) 0.00 49
    2022-02-01 $107,000 (7.1%) $157,905 (-2.5%) 0.00 44
    2022-03-01 $98,900 (-2.8%) $138,782 (-14.4%) 0.00 38
    2022-04-01 $82,500 (-0.5%) $124,876 (-29.4%) 0.00 41
    2022-05-01 $106,700 (50.5%) $148,749 (-1.3%) 0.00 44
    Vincennes's median listing price for 2022-05-01 was $106,700, a difference of $35,800 (50.5%) versus the prior year and $24,200 versus the prior month.

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

    Vincennes's average listing price for 2022-05-01 was $148,749, a difference of $-1,973 (-1.3%) versus the prior year and $23,873 versus the prior month.

    For the 2022-05-01 period, Vincennes had 44 MLS listings, a difference of 3 listings (7%) versus the prior month and 6 listings (16%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Vincennes (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,346 sqft
    2018-02-01 0 days 1,403 sqft
    2018-03-01 0 days 1,417 sqft
    2018-04-01 0 days 1,422 sqft
    2018-05-01 0 days 1,603 sqft
    2018-06-01 0 days 1,635 sqft
    2018-07-01 0 days 1,629 sqft
    2018-08-01 0 days 1,616 sqft
    2018-09-01 0 days 1,628 sqft
    2018-10-01 0 days 1,619 sqft
    2018-11-01 0 days 1,564 sqft
    2018-12-01 0 days 1,608 sqft
    2019-01-01 0 days 1,578 sqft
    2019-02-01 0 days 1,520 sqft
    2019-03-01 0 days 1,517 sqft
    2019-04-01 0 days 1,530 sqft
    2019-05-01 0 days 1,590 sqft
    2019-06-01 0 days 1,618 sqft
    2019-07-01 0 days 1,618 sqft
    2019-08-01 0 days 1,632 sqft
    2019-09-01 0 days 1,663 sqft
    2019-10-01 0 days 1,637 sqft
    2019-11-01 0 days 1,622 sqft
    2019-12-01 0 days 1,618 sqft
    2020-01-01 0 days 1,715 sqft
    2020-02-01 0 days 1,690 sqft
    2020-03-01 0 days 1,630 sqft
    2020-04-01 0 days 1,558 sqft
    2020-05-01 0 days 1,486 sqft
    2020-06-01 0 days 1,430 sqft
    2020-07-01 0 days 1,526 sqft
    2020-08-01 0 days 1,531 sqft
    2020-09-01 0 days 1,503 sqft
    2020-10-01 0 days 1,552 sqft
    2020-11-01 0 days 1,641 sqft
    2020-12-01 0 days 1,589 sqft
    2021-01-01 0 days 1,625 sqft
    2021-02-01 0 days 1,566 sqft
    2021-03-01 0 days 1,478 sqft
    2021-04-01 0 days 1,596 sqft
    2021-05-01 0 days 1,520 sqft
    2021-06-01 0 days 1,425 sqft
    2021-07-01 0 days 1,429 sqft
    2021-08-01 0 days 1,516 sqft
    2021-09-01 0 days 1,516 sqft
    2021-10-01 0 days 1,404 sqft
    2021-11-01 0 days 1,496 sqft
    2021-12-01 0 days 1,542 sqft
    2022-01-01 0 days 1,536 sqft
    2022-02-01 0 days 1,555 sqft
    2022-03-01 0 days 1,415 sqft
    2022-04-01 0 days 1,348 sqft
    2022-05-01 0 days 1,536 sqft
    Vincennes's median listing age (time on market) for 2022-05-01 was 0 days.

    Vincennes's median square footage for active listings during the 2022-05-01 period was 1,536 sqft. One year prior, the average listing was 1,520 sqft.