Vincennes Mortgage Rates

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.