Vincennes Mortgage Rates & Closing Costs

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  • Trends
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  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Vincennes averaged 6.78% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 7.06% and one month ago for the week of 2023-02-16, the average rate was 6.78%.

    Vincennes's average rate one year ago was 4.3%.

    For refis of the same type during the week of 2023-03-23, the average rate was 6.56%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Vincennes 30 Year Fixed Rate 2023-03-23 6.78%
    Vincennes 30 Year Fixed Rate Refi 2023-03-23 6.56%
    Vincennes 15 Year Fixed Rate 2023-03-23 6.31%
    Vincennes 15 Year Fixed Rate Refi 2023-03-23 6.48%
    Vincennes 30 Year FHA 2023-03-23 6.29%
    Vincennes 30 Year FHA Refi 2023-03-23 6.36%
    Vincennes 30 Year USDA 2023-03-23 6.61%
    Vincennes 30 Year USDA Refi 2023-03-23 5.67%
    Vincennes 30 Year VA 2023-03-23 6.19%
    Vincennes 30 Year VA Refi 2023-03-23 5.93%
    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 lender, 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    EVANSVILLE TEACHERS 45 5.06% $2,300
    German American Bank 24 5.38% $2,492
    RUOFF MORTGAGE COMPANY, INC. 20 5.22% $2,269
    Regions Bank 12 5.42% $2,612
    QUICKEN LOANS, LLC 11 5.23% $5,020
    UNITED WHOLESALE MORTGAGE, LLC 8 5.35% $3,929
    GUARANTEED RATE, INC. 5 4.92% $3,735
    Equity Prime Mortgage LLC 4 5.06% $3,304
    Wells Fargo Bank 3 5.54% $1,976
    Old National Bank 3 5.38% $2,123
    MORTGAGE MASTERS OF INDIANA, INC. 3 5.00% $2,798
    First Financial Bank 3 6.04% $2,620
    Mr. Cooper ( Nationstar Mortgage ) 2 5.31% $3,830
    Fifth Third Bank 2 6.55% $1,532
    First Savings Bank 2 3.50% $2,064
    FREEDOM MORTGAGE CORPORATION 2 6.13% $4,272
    LOANDEPOT.COM, LLC 2 3.75% $5,554
    AMERIFIRST FINANCIAL CORPORATION 1 5.50% $6,027
    MOVEMENT MORTGAGE, LLC 1 6.13% $3,202
    NAVY FEDERAL CREDIT UNION 1 5.13% $1,795
    Petefish, Skiles & Co. 1 5.50% $2,477
    PLAZA HOME MORTGAGE, INC. 1 5.99% $8,594
    Quontic Bank 1 8.88% $6,321
    TEACHERS CREDIT UNION 1 5.75% $2,510
    UNION HOME MORTGAGE CORP. 1 4.38% $2,649
    USAA Federal Savings Bank 1 6.00% $1,208
    U.S. Bank 1 5.63% $2,036
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.25% $4,766
    Mortgage Research Center, LLC 1 5.50% $515
    AMERISAVE MORTGAGE CORPORATION 1 5.38% $7,146
    Arvest Bank 1 6.38% $3,037
    Bank of America 1 5.75% $4,543
    Bank of England 1 3.88% $2,853
    BETTER MORTGAGE CORPORATION 1 5.25% $3,734
    BOKF 1 6.13% $2,521
    CALIBER HOME LOANS, INC. 1 4.95% $2,220
    Carrington Mortgage Services, LLC 1 3.25% $4,662
    Century Mortgage Company DBA Century Lending Company 1 5.00% $4,893
    CRANE 1 6.75% $1,890
    CROSSCOUNTRY MORTGAGE, LLC 1 7.00% $4,031
    Enterprise Bank & Trust 1 5.50% $2,647
    Farm Credit Mid-America, ACA 1 6.05% $3,835
    HALLMARK HOME MORTGAGE, LLC 1 7.13% $3,691
    KeyBank 1 3.88% $14,394
    MJW Financial LLC 1 4.49% $4,276

    Vincennes Average Closing Costs & Other Stats

    Vincennes, IN's 45 lenders originated 669 loans during 2022. The total origination value was $82,015,000, with an average loan value of $122,593.

    Vincennes's average closing costs are $3,139.

    The top Vincennes lender as defined by loan originations is EVANSVILLE TEACHERS, with 45 loans originated. Their average total fees are $2,300, which is $192 lower than the next largest lender, German American Bank.

    The lowest fee Vincennes lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($2,269), EVANSVILLE TEACHERS ($2,300), German American Bank ($2,492), Regions Bank ($2,612) and QUICKEN LOANS, LLC ($5,020).

    The lowest rate Vincennes lenders (with over 10 loans originated) are EVANSVILLE TEACHERS (5.06%), RUOFF MORTGAGE COMPANY, INC. (5.22%), QUICKEN LOANS, LLC (5.23%), German American Bank (5.38%) and Regions Bank (5.42%).

    Vincennes, IN 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    EVANSVILLE TEACHERS $32,405,000 $13,580,000 -58.1% 16.6%
    German American Bank $16,125,000 $8,120,000 -49.6% 9.9%
    RUOFF MORTGAGE COMPANY, INC. $9,015,000 $6,230,000 -30.9% 7.6%
    Regions Bank $5,260,000 $5,265,000 0.1% 6.4%
    QUICKEN LOANS, LLC $6,470,000 $4,340,000 -32.9% 5.3%
    Old National Bank $8,350,000 $3,440,000 -58.8% 4.2%
    Lake City Bank $3,285,000 n/a 4.0%
    MORTGAGE MASTERS OF INDIANA, INC. $2,375,000 $2,910,000 22.5% 3.5%
    UNITED WHOLESALE MORTGAGE, LLC $2,685,000 $2,780,000 3.5% 3.4%
    Mortgage Research Center, LLC $2,750,000 $2,370,000 -13.8% 2.9%
    GUARANTEED RATE, INC. $1,990,000 $1,860,000 -6.5% 2.3%
    The Paducah Bank and Trust Company $1,805,000 n/a 2.2%
    First Financial Bank $3,090,000 $1,505,000 -51.3% 1.8%
    Fifth Third Bank $1,830,000 $1,350,000 -26.2% 1.6%
    PLAZA HOME MORTGAGE, INC. $2,240,000 $1,225,000 -45.3% 1.5%
    FREEDOM MORTGAGE CORPORATION $1,745,000 $1,185,000 -32.1% 1.4%
    Equity Prime Mortgage LLC $305,000 $1,110,000 263.9% 1.4%
    Wells Fargo Bank $1,040,000 $1,040,000 0.0% 1.3%
    Bank of England $345,000 $745,000 115.9% 0.9%
    Carrington Mortgage Services, LLC $490,000 $680,000 38.8% 0.8%
    CRANE $840,000 $675,000 -19.6% 0.8%
    USAA Federal Savings Bank $650,000 n/a 0.8%
    The Peoples State Bank of Newton, Illinois $645,000 n/a 0.8%
    U.S. Bank $295,000 $565,000 91.5% 0.7%
    PENNYMAC LOAN SERVICES, LLC $770,000 $545,000 -29.2% 0.7%
    AMERISAVE MORTGAGE CORPORATION $1,155,000 $535,000 -53.7% 0.7%
    LOANDEPOT.COM, LLC $1,090,000 $535,000 -50.9% 0.7%
    VANDERBILT MORTGAGE AND FINANCE, INC. $500,000 n/a 0.6%
    MOVEMENT MORTGAGE, LLC $490,000 n/a 0.6%
    KeyBank $475,000 n/a 0.6%
    HOME POINT FINANCIAL CORPORATION $1,095,000 $455,000 -58.4% 0.6%
    Farm Credit Mid-America, ACA $1,655,000 $445,000 -73.1% 0.5%
    Owen County State Bank $420,000 $445,000 6.0% 0.5%
    CALIBER HOME LOANS, INC. $105,000 $435,000 314.3% 0.5%
    FINANCIAL CENTER FIRST CREDIT UNION $425,000 n/a 0.5%
    1ST SIGNATURE LENDING, LLC $380,000 n/a 0.5%
    Flagstar Bank, FSB $375,000 n/a 0.5%
    AMERIFIRST FINANCIAL CORPORATION $65,000 $370,000 469.2% 0.5%
    Mid-Continent Funding, Inc. $340,000 n/a 0.4%
    Enterprise Bank & Trust $325,000 n/a 0.4%
    NEW DAY FINANCIAL, LLC $395,000 $300,000 -24.1% 0.4%
    Bank of America $285,000 n/a 0.3%
    The Federal Savings Bank $185,000 $285,000 54.1% 0.3%
    Century Mortgage Company DBA Century Lending Company $280,000 n/a 0.3%
    TEACHERS CREDIT UNION $275,000 n/a 0.3%
    Quontic Bank $245,000 n/a 0.3%
    First Savings Bank $170,000 $240,000 41.2% 0.3%
    BOKF $235,000 n/a 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $580,000 $225,000 -61.2% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $745,000 $215,000 -71.1% 0.3%
    Banterra Bank $210,000 n/a 0.3%
    SOVEREIGN LENDING GROUP INCORPORATED $205,000 n/a 0.2%
    The First National Bank of Carmi $545,000 $195,000 -64.2% 0.2%
    BETTER MORTGAGE CORPORATION $275,000 $185,000 -32.7% 0.2%
    21ST MORTGAGE CORPORATION $235,000 $165,000 -29.8% 0.2%
    ROYAL UNITED MORTGAGE LLC $190,000 $165,000 -13.2% 0.2%
    VILLAGE CAPITAL MORTGAGE $225,000 $165,000 -26.7% 0.2%
    BROKER SOLUTIONS, INC. $510,000 $160,000 -68.6% 0.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $625,000 $155,000 -75.2% 0.2%
    RELIANCE FIRST CAPITAL, LLC $155,000 n/a 0.2%
    UNION HOME MORTGAGE CORP. $335,000 $155,000 -53.7% 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $75,000 $145,000 93.3% 0.2%
    LENDINGHOME FUNDING CORPORATION $145,000 n/a 0.2%
    MJW Financial LLC $145,000 n/a 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $145,000 n/a 0.2%
    First Federal Savings Bank $1,710,000 $140,000 -91.8% 0.2%
    First Financial Bank $3,090,000 $130,000 -95.8% 0.2%
    Farmers and Mechanics Federal Savings Bank $125,000 n/a 0.2%
    Flanagan State Bank $125,000 n/a 0.2%
    NAVY FEDERAL CREDIT UNION $485,000 $125,000 -74.2% 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $115,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $485,000 $115,000 -76.3% 0.1%
    LIMA ONE CAPITAL, LLC $290,000 $115,000 -60.3% 0.1%
    Nations Lending Corporation $220,000 $105,000 -52.3% 0.1%
    Blue Ridge Bank $95,000 n/a 0.1%
    MID AMERICA MORTGAGE, INC. $230,000 $95,000 -58.7% 0.1%
    HALLMARK HOME MORTGAGE, LLC $330,000 $85,000 -74.2% 0.1%
    JPMorgan Chase Bank $340,000 $85,000 -75.0% 0.1%
    The Huntington National Bank $555,000 $85,000 -84.7% 0.1%
    AMERICAN ADVISORS GROUP $80,000 n/a 0.1%
    BEACON CREDIT UNION $420,000 $75,000 -82.1% 0.1%
    Petefish, Skiles & Co. $205,000 $75,000 -63.4% 0.1%
    PLANET HOME LENDING, LLC $75,000 n/a 0.1%
    TRIAD FINANCIAL SERVICES, INC. $110,000 $75,000 -31.8% 0.1%
    Baxter Credit Union $70,000 n/a 0.1%
    BOONVILLE FEDERAL SAVINGS BANK $255,000 $70,000 -72.5% 0.1%
    Arvest Bank $65,000 n/a 0.1%
    Truist $65,000 n/a 0.1%
    Community First Bank of Indiana $55,000 n/a 0.1%
    NEWREZ LLC $85,000 $55,000 -35.3% 0.1%
    WesBanco Bank, Inc. $55,000 n/a 0.1%
    Citizens Tri-County Bank $45,000 n/a 0.1%
    First National Bank $45,000 n/a 0.1%
    SPRING EQ, LLC $25,000 n/a 0.0%
    Elements Financial Federal Credit Union $15,000 n/a 0.0%
    PARTNERS 1ST Federal Credit Union $15,000 n/a 0.0%

    Vincennes's top lender by overall market share is EVANSVILLE TEACHERS, with 16.6% market share. In second place, with 9.9%, is German American Bank, having originated $8,120,000 in loans. In third place, with 7.6%, is RUOFF MORTGAGE COMPANY, INC., having originated $6,230,000 in loans. In fourth place, with 6.4%, is Regions Bank, having originated $5,265,000 in loans. In fifth place, with 5.3%, is QUICKEN LOANS, LLC, having originated $4,340,000 in loans.

    Vincennes Housing Market Trends (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%) $119,907 (-2.9%) 0.00 109
    2018-02-01 $74,750 (-6.5%) $121,418 (-1.3%) 0.00 104
    2018-03-01 $70,500 (-11.8%) $118,019 (-5.3%) 0.00 107
    2018-04-01 $73,475 (-8.0%) $121,193 (-3.0%) 0.00 109
    2018-05-01 $89,225 (13.9%) $137,670 (15.4%) 0.00 120
    2018-06-01 $99,450 (24.5%) $153,974 (20.9%) 0.00 114
    2018-07-01 $104,925 (17.0%) $147,529 (5.7%) 0.00 117
    2018-08-01 $104,925 (5.8%) $149,483 (-1.6%) 0.00 112
    2018-09-01 $104,000 (-0.9%) $157,837 (0.5%) 0.00 111
    2018-10-01 $114,950 (18.0%) $167,240 (12.4%) 0.00 102
    2018-11-01 $97,400 (6.1%) $159,010 (13.4%) 0.00 104
    2018-12-01 $89,900 (30.5%) $157,448 (33.3%) 0.00 102
    2019-01-01 $89,900 (28.6%) $154,380 (28.8%) 0.00 107
    2019-02-01 $81,150 (8.6%) $153,537 (26.5%) 0.00 101
    2019-03-01 $82,043 (16.4%) $155,169 (31.5%) 0.00 92
    2019-04-01 $82,043 (11.7%) $157,991 (30.4%) 0.00 88
    2019-05-01 $107,475 (20.5%) $176,147 (28.0%) 0.00 85
    2019-06-01 $135,900 (36.7%) $189,631 (23.2%) 0.00 82
    2019-07-01 $144,975 (38.2%) $187,748 (27.3%) 0.00 99
    2019-08-01 $146,336 (39.5%) $181,446 (21.4%) 0.00 106
    2019-09-01 $148,341 (42.6%) $181,872 (15.2%) 0.00 106
    2019-10-01 $145,327 (26.4%) $179,652 (7.4%) 0.00 106
    2019-11-01 $141,200 (45.0%) $172,565 (8.5%) 0.00 93
    2019-12-01 $124,900 (38.9%) $170,958 (8.6%) 0.00 88
    2020-01-01 $132,500 (47.4%) $172,989 (12.1%) 0.00 80
    2020-02-01 $112,450 (38.6%) $164,046 (6.8%) 0.00 75
    2020-03-01 $96,150 (17.2%) $157,398 (1.4%) 0.00 73
    2020-04-01 $83,250 (1.5%) $146,441 (-7.3%) 0.00 65
    2020-05-01 $79,900 (-25.7%) $144,941 (-17.7%) 0.00 60
    2020-06-01 $74,900 (-44.9%) $152,787 (-19.4%) 0.00 54
    2020-07-01 $102,900 (-29.0%) $165,240 (-12.0%) 0.00 54
    2020-08-01 $98,950 (-32.4%) $152,800 (-15.8%) 0.00 63
    2020-09-01 $97,425 (-34.3%) $156,817 (-13.8%) 0.00 60
    2020-10-01 $126,000 (-13.3%) $158,941 (-11.5%) 0.00 57
    2020-11-01 $122,900 (-13.0%) $163,354 (-5.3%) 0.00 61
    2020-12-01 $97,500 (-21.9%) $148,398 (-13.2%) 0.00 65
    2021-01-01 $96,250 (-27.4%) $144,919 (-16.2%) 0.00 60
    2021-02-01 $106,950 (-4.9%) $164,985 (0.6%) 0.00 54
    2021-03-01 $113,200 (17.7%) $167,433 (6.4%) 0.00 48
    2021-04-01 $93,248 (12.0%) $180,786 (23.5%) 0.00 36
    2021-05-01 $73,500 (-8.0%) $155,801 (7.5%) 0.00 36
    2021-06-01 $96,950 (29.4%) $147,616 (-3.4%) 0.00 34
    2021-07-01 $87,500 (-15.0%) $144,853 (-12.3%) 0.00 37
    2021-08-01 $112,450 (13.6%) $156,181 (2.2%) 0.00 47
    2021-09-01 $127,475 (30.8%) $173,066 (10.4%) 0.00 55
    2021-10-01 $124,950 (-0.8%) $168,145 (5.8%) 0.00 66
    2021-11-01 $120,200 (-2.2%) $169,180 (3.6%) 0.00 59
    2021-12-01 $121,950 (25.1%) $167,711 (13.0%) 0.00 59
    2022-01-01 $104,950 (9.0%) $164,070 (13.2%) 0.00 48
    2022-02-01 $104,850 (-2.0%) $158,086 (-4.2%) 0.00 44
    2022-03-01 $102,300 (-9.6%) $140,822 (-15.9%) 0.00 37
    2022-04-01 $84,900 (-9.0%) $127,094 (-29.7%) 0.00 40
    2022-05-01 $103,125 (40.3%) $148,002 (-5.0%) 0.00 45
    2022-06-01 $124,900 (28.8%) $160,882 (9.0%) 0.00 55
    2022-07-01 $135,000 (54.3%) $162,834 (12.4%) 0.00 59
    2022-08-01 $147,475 (31.2%) $169,203 (8.3%) 0.00 59
    2022-09-01 $166,600 (30.7%) $205,192 (18.6%) 0.00 66
    2022-10-01 $165,500 (32.5%) $215,350 (28.1%) 0.00 68
    2022-11-01 $163,750 (36.2%) $211,550 (25.0%) 0.00 69
    2022-12-01 $150,000 (23.0%) $208,751 (24.5%) 0.00 60
    2023-01-01 $144,950 (38.1%) $204,279 (24.5%) 0.00 49
    2023-02-01 $159,500 (52.1%) $215,921 (36.6%) 0.00 48
    Vincennes's median listing price for 2023-02-01 was $159,500, a difference of $54,650 (52.1%) versus the prior year and $14,550 versus the prior month.

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

    Vincennes's average listing price for 2023-02-01 was $215,921, a difference of $57,835 (36.6%) versus the prior year and $11,642 versus the prior month.

    For the 2023-02-01 period, Vincennes had 48 MLS listings, a difference of -1 listings (-2%) versus the prior month and 4 listings (9%) 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 1,374 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 1,580 sqft
    2018-06-01 0 days 1,629 sqft
    2018-07-01 0 days 1,618 sqft
    2018-08-01 0 days 1,604 sqft
    2018-09-01 0 days 1,628 sqft
    2018-10-01 0 days 1,619 sqft
    2018-11-01 0 days 1,561 sqft
    2018-12-01 0 days 1,571 sqft
    2019-01-01 0 days 1,570 sqft
    2019-02-01 0 days 1,517 sqft
    2019-03-01 0 days 1,504 sqft
    2019-04-01 0 days 1,521 sqft
    2019-05-01 0 days 1,592 sqft
    2019-06-01 0 days 1,623 sqft
    2019-07-01 0 days 1,628 sqft
    2019-08-01 0 days 1,626 sqft
    2019-09-01 0 days 1,624 sqft
    2019-10-01 0 days 1,630 sqft
    2019-11-01 0 days 1,663 sqft
    2019-12-01 0 days 1,675 sqft
    2020-01-01 0 days 1,724 sqft
    2020-02-01 0 days 1,703 sqft
    2020-03-01 0 days 1,630 sqft
    2020-04-01 0 days 1,558 sqft
    2020-05-01 0 days 1,471 sqft
    2020-06-01 0 days 1,430 sqft
    2020-07-01 0 days 1,506 sqft
    2020-08-01 0 days 1,509 sqft
    2020-09-01 0 days 1,549 sqft
    2020-10-01 0 days 1,557 sqft
    2020-11-01 0 days 1,633 sqft
    2020-12-01 0 days 1,570 sqft
    2021-01-01 0 days 1,589 sqft
    2021-02-01 0 days 1,538 sqft
    2021-03-01 0 days 1,473 sqft
    2021-04-01 0 days 1,609 sqft
    2021-05-01 0 days 1,540 sqft
    2021-06-01 0 days 1,438 sqft
    2021-07-01 0 days 1,456 sqft
    2021-08-01 0 days 1,516 sqft
    2021-09-01 0 days 1,518 sqft
    2021-10-01 0 days 1,392 sqft
    2021-11-01 0 days 1,510 sqft
    2021-12-01 0 days 1,550 sqft
    2022-01-01 0 days 1,551 sqft
    2022-02-01 0 days 1,547 sqft
    2022-03-01 0 days 1,448 sqft
    2022-04-01 0 days 1,369 sqft
    2022-05-01 0 days 1,578 sqft
    2022-06-01 0 days 1,671 sqft
    2022-07-01 0 days 1,768 sqft
    2022-08-01 0 days 1,706 sqft
    2022-09-01 0 days 1,768 sqft
    2022-10-01 0 days 1,884 sqft
    2022-11-01 0 days 1,823 sqft
    2022-12-01 0 days 1,774 sqft
    2023-01-01 0 days 1,672 sqft
    2023-02-01 0 days 1,728 sqft
    Vincennes's median listing age (time on market) for 2023-02-01 was 0 days.

    Vincennes's median square footage for active listings during the 2023-02-01 period was 1,728 sqft. One year prior, the average listing was 1,547 sqft.

    Vincennes, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 330 $53,680,000 $162,667
    Cash Out Refi 133 $13,565,000 $101,992
    Refi 100 $9,060,000 $90,600
    Home Improvement 74 $3,840,000 $51,892
    Other 32 $1,870,000 $58,438

    Vincennes's most frequently cited loan purpose was Home Purchase, with 330 originations. The 2nd most popular reason was Cash Out Refi, with 133 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 160 $23,020,000 $143,875
    4-5% 151 $18,245,000 $120,828
    3-4% 136 $18,750,000 $137,868
    6-7% 114 $11,280,000 $98,947
    7-8% 31 $3,335,000 $107,581
    <2.5% 30 $1,840,000 $61,333
    2.5-3% 27 $2,555,000 $94,630
    Over 8% 11 $1,535,000 $139,545

    During 2022, Vincennes's most frequently originated rate bucket was 5-6%, with 160 originations.

    Loan Sizing (Vincennes, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 361 $20,435,000 $56,607
    $100k-200k 217 $30,825,000 $142,051
    $200k-400k 77 $19,835,000 $257,597
    $400k-600k 10 $4,520,000 $452,000
    $600k-1000k 2 $1,310,000 $655,000
    $Over $1MM 2 $5,090,000 $2,545,000

    Vincennes's loan sizing saw the bucket of loans from $100,000 or less with 361 originations, totaling $20,435,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 275 $42,495,000 $154,527
    60-80% 128 $19,860,000 $155,156
    20-40% 90 $4,900,000 $54,444
    40-60% 79 $8,965,000 $113,481
    Under 20% 77 $2,505,000 $32,532
    Over 100% 9 $1,625,000 $180,556

    Vincennes's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 275 originations, totaling $42,495,000 in origination value.