Vincennes 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 Vincennes averaged 6.74% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 7.05% and one month ago for the week of 2024-10-10, the average rate was 6.38%.

    Vincennes's average rate one year ago was 7.76%.

    For refis of the same type during the week of 2024-11-14, the average rate was 6.68%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Vincennes 30 Year Fixed Rate 2024-11-14 6.74%
    Vincennes 30 Year Fixed Rate Refi 2024-11-14 6.68%
    Vincennes 15 Year Fixed Rate 2024-11-14 5.99%
    Vincennes 15 Year Fixed Rate Refi 2024-11-14 5.89%
    Vincennes 30 Year FHA 2024-11-14 0%
    Vincennes 30 Year FHA Refi 2024-11-14 -0.1%
    Vincennes 30 Year USDA 2024-11-14 0%
    Vincennes 30 Year USDA Refi 2024-11-14 -0.1%
    Vincennes 30 Year VA 2024-11-14 -0.1%
    Vincennes 30 Year VA Refi 2024-11-14 0.1%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    German American Bank 39 7.00% $2,275
    EVANSVILLE TEACHERS 34 6.86% $2,597
    QUICKEN LOANS, LLC 10 7.17% $5,536
    UNITED WHOLESALE MORTGAGE, LLC 8 7.44% $4,631
    MORTGAGE MASTERS OF INDIANA, INC. 7 6.57% $2,956
    Regions Bank 6 7.56% $3,102
    RUOFF MORTGAGE COMPANY, INC. 4 6.78% $2,430
    Farm Credit Mid-America, ACA 3 7.33% $7,047
    Old National Bank 3 7.29% $1,103
    Bank of England 2 7.25% $4,980
    Equity Prime Mortgage LLC 2 6.13% $2,368
    GUARANTEED RATE, INC. 2 7.50% $3,239
    MOVEMENT MORTGAGE, LLC 2 7.44% $3,808
    NAVY FEDERAL CREDIT UNION 1 4.88% $8,381
    NEWREZ LLC 1 7.13% $3,909
    Northpointe Bank 1 6.50% $2,645
    Northwest Bank 1 7.25% $3,443
    Peoples National Bank , N.A. 1 7.63% $3,085
    PHH Mortgage Corporation 1 6.63% $4,173
    PLAZA HOME MORTGAGE, INC. 1 7.88% $3,058
    ROYAL UNITED MORTGAGE LLC 1 6.00% $9,093
    The Federal Savings Bank 1 7.25% $2,693
    The Loan Store, Inc. 1 6.88% $3,292
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.25% $5,504
    Civista Bank 1 6.25% $1,760
    CRANE 1 7.38% $1,938
    Deere Employees Credit Union 1 7.25% $2,812
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.49% $2,407
    First Federal Savings Bank 1 6.88% $1,865
    First Financial Bank 1 7.13% $2,455
    First Mid Bank & Trust 1 5.88% $2,171
    Flagstar Bank, FSB 1 6.50% $3,070
    Heritage Federal Credit Union 1 6.13% $2,232
    JPMorgan Chase Bank 1 6.88% $3,006
    MEMBER FIRST MORTGAGE, LLC 1 6.88% $2,798
    Mortgage Research Center, LLC 1 6.38% $393

    Vincennes Average Closing Costs & Other Stats

    Vincennes, IN's 36 lenders originated 562 loans during 2023. The total origination value was $60,080,000, with an average loan value of $106,904.

    Vincennes's average closing costs are $3,317.

    The top Vincennes lender as defined by loan originations is German American Bank, with 39 loans originated. Their average total fees are $2,275, which is $322 lower than the next largest lender, EVANSVILLE TEACHERS.

    The lowest fee Vincennes lenders (with over 10 loans originated) are German American Bank ($2,275), EVANSVILLE TEACHERS ($2,597), QUICKEN LOANS, LLC ($5,536), .

    The lowest rate Vincennes lenders (with over 10 loans originated) are EVANSVILLE TEACHERS (6.86%), German American Bank (7.00%), QUICKEN LOANS, LLC (7.17%), .

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    German American Bank $8,120,000 $10,985,000 35.3% 18.3%
    EVANSVILLE TEACHERS $13,580,000 $9,460,000 -30.3% 15.7%
    QUICKEN LOANS, LLC $4,340,000 $4,745,000 9.3% 7.9%
    Regions Bank $5,265,000 $3,635,000 -31.0% 6.1%
    Mortgage Research Center, LLC $2,370,000 $2,375,000 0.2% 4.0%
    RUOFF MORTGAGE COMPANY, INC. $6,230,000 $2,100,000 -66.3% 3.5%
    UNITED WHOLESALE MORTGAGE, LLC $2,780,000 $2,020,000 -27.3% 3.4%
    MORTGAGE MASTERS OF INDIANA, INC. $2,910,000 $1,860,000 -36.1% 3.1%
    Old National Bank $3,440,000 $1,730,000 -49.7% 2.9%
    Bank of England $745,000 $1,455,000 95.3% 2.4%
    PLAZA HOME MORTGAGE, INC. $1,225,000 $1,455,000 18.8% 2.4%
    First Financial Bank $130,000 $1,370,000 953.8% 2.3%
    Equity Prime Mortgage LLC $1,110,000 $1,325,000 19.4% 2.2%
    Farm Credit Mid-America, ACA $445,000 $1,080,000 142.7% 1.8%
    Fifth Third Bank $1,350,000 $1,000,000 -25.9% 1.7%
    NAVY FEDERAL CREDIT UNION $125,000 $920,000 636.0% 1.5%
    First Federal Savings Bank $140,000 $805,000 475.0% 1.3%
    Owen County State Bank $445,000 $725,000 62.9% 1.2%
    GUARANTEED RATE, INC. $1,860,000 $710,000 -61.8% 1.2%
    BROKER SOLUTIONS, INC. $160,000 $680,000 325.0% 1.1%
    Northwest Bank $435,000 n/a 0.7%
    AMERISAVE MORTGAGE CORPORATION $535,000 $430,000 -19.6% 0.7%
    Northpointe Bank $385,000 n/a 0.6%
    CALIBER HOME LOANS, INC. $435,000 $370,000 -14.9% 0.6%
    FREEDOM MORTGAGE CORPORATION $1,185,000 $360,000 -69.6% 0.6%
    VANDERBILT MORTGAGE AND FINANCE, INC. $500,000 $350,000 -30.0% 0.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $340,000 n/a 0.6%
    1ST SIGNATURE LENDING, LLC $380,000 $295,000 -22.4% 0.5%
    Discover Bank $285,000 n/a 0.5%
    FIELD & MAIN BANK, INC. $275,000 n/a 0.5%
    The First National Bank of Carmi $195,000 $275,000 41.0% 0.5%
    Nations Lending Corporation $105,000 $245,000 133.3% 0.4%
    NEW DAY FINANCIAL, LLC $300,000 $245,000 -18.3% 0.4%
    Wells Fargo Bank $1,040,000 $245,000 -76.4% 0.4%
    SOUTH CENTRAL BANK, INC. $240,000 n/a 0.4%
    Atlantic Union Bank $225,000 n/a 0.4%
    CROSSCOUNTRY MORTGAGE, LLC $145,000 $225,000 55.2% 0.4%
    MJW Financial LLC $145,000 $225,000 55.2% 0.4%
    MOVEMENT MORTGAGE, LLC $490,000 $215,000 -56.1% 0.4%
    USAA Federal Savings Bank $650,000 $195,000 -70.0% 0.3%
    PENNYMAC LOAN SERVICES, LLC $545,000 $165,000 -69.7% 0.3%
    Peoples National Bank , N.A. $165,000 n/a 0.3%
    ROYAL UNITED MORTGAGE LLC $165,000 $165,000 0.0% 0.3%
    TOP FLITE FINANCIAL, INC. $165,000 n/a 0.3%
    Deere Employees Credit Union $160,000 n/a 0.3%
    The Peoples State Bank of Newton, Illinois $645,000 $155,000 -76.0% 0.3%
    CRANE $675,000 $150,000 -77.8% 0.2%
    TRIAD FINANCIAL SERVICES, INC. $75,000 $150,000 100.0% 0.2%
    PHH Mortgage Corporation $145,000 n/a 0.2%
    The Federal Savings Bank $285,000 $145,000 -49.1% 0.2%
    Community First Bank of Indiana $55,000 $140,000 154.5% 0.2%
    Civista Bank $135,000 n/a 0.2%
    GUILD MORTGAGE COMPANY $135,000 n/a 0.2%
    First Mid Bank & Trust $125,000 n/a 0.2%
    Heritage Federal Credit Union $125,000 n/a 0.2%
    First Merchants Bank $120,000 n/a 0.2%
    FORUM Credit Union $105,000 n/a 0.2%
    JPMorgan Chase Bank $85,000 $105,000 23.5% 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $145,000 $105,000 -27.6% 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $115,000 $95,000 -17.4% 0.2%
    AMERICAN HERITAGE LENDING, INC. $95,000 n/a 0.2%
    BOONVILLE FEDERAL SAVINGS BANK $70,000 $95,000 35.7% 0.2%
    GVC MORTGAGE, INC. $95,000 n/a 0.2%
    AMERICAN FINANCING CORPORATION $85,000 n/a 0.1%
    First Financial Bank $130,000 $85,000 -34.6% 0.1%
    The Loan Store, Inc. $85,000 n/a 0.1%
    Figure Lending LLC $75,000 n/a 0.1%
    Banterra Bank $210,000 $65,000 -69.0% 0.1%
    Flagstar Bank, FSB $375,000 $65,000 -82.7% 0.1%
    NEWREZ LLC $55,000 $55,000 0.0% 0.1%
    BEACON CREDIT UNION $75,000 $45,000 -40.0% 0.1%
    Farmers Bank & Trust $45,000 n/a 0.1%
    U.S. Bank $565,000 $45,000 -92.0% 0.1%
    MEMBER FIRST MORTGAGE, LLC $35,000 n/a 0.1%
    Regional Federal Credit Union $35,000 n/a 0.1%
    Baxter Credit Union $70,000 $25,000 -64.3% 0.0%

    Vincennes's top lender by overall market share is German American Bank, with 18.3% market share. In second place, with 15.7%, is EVANSVILLE TEACHERS, having originated $9,460,000 in loans. In third place, with 7.9%, is QUICKEN LOANS, LLC, having originated $4,745,000 in loans. In fourth place, with 6.1%, is Regions Bank, having originated $3,635,000 in loans. In fifth place, with 4.0%, is Mortgage Research Center, LLC, having originated $2,375,000 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%) $117,498 (-5.7%) 0.00 107
    2018-04-01 $72,925 (-8.7%) $120,430 (-3.6%) 0.00 110
    2018-05-01 $88,725 (13.2%) $136,853 (14.7%) 0.00 121
    2018-06-01 $99,000 (23.9%) $152,958 (20.1%) 0.00 115
    2018-07-01 $104,900 (17.0%) $146,574 (5.0%) 0.00 118
    2018-08-01 $104,900 (5.8%) $148,487 (-2.2%) 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 (32.1%) 0.00 92
    2019-04-01 $82,043 (12.5%) $157,991 (31.2%) 0.00 88
    2019-05-01 $107,475 (21.1%) $176,147 (28.7%) 0.00 85
    2019-06-01 $135,900 (37.3%) $189,631 (24.0%) 0.00 82
    2019-07-01 $144,975 (38.2%) $187,748 (28.1%) 0.00 99
    2019-08-01 $146,336 (39.5%) $181,446 (22.2%) 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
    2023-03-01 $179,750 (75.7%) $245,062 (74.0%) 0.00 41
    2023-04-01 $169,900 (100.1%) $244,941 (92.7%) 0.00 39
    2023-05-01 $204,325 (98.1%) $283,170 (91.3%) 0.00 39
    2023-06-01 $198,675 (59.1%) $279,551 (73.8%) 0.00 41
    2023-07-01 $179,900 (33.3%) $256,149 (57.3%) 0.00 53
    2023-08-01 $161,850 (9.8%) $228,215 (34.9%) 0.00 48
    2023-09-01 $151,200 (-9.2%) $186,457 (-9.1%) 0.00 52
    2023-10-01 $149,900 (-9.4%) $205,878 (-4.4%) 0.00 55
    2023-11-01 $161,050 (-1.7%) $207,956 (-1.7%) 0.00 72
    2023-12-01 $169,900 (13.3%) $205,399 (-1.6%) 0.00 72
    2024-01-01 $176,150 (21.5%) $208,822 (2.2%) 0.00 71
    2024-02-01 $194,800 (22.1%) $226,387 (4.9%) 0.00 57
    2024-03-01 $192,000 (6.8%) $248,845 (1.5%) 0.00 63
    2024-04-01 $207,450 (22.1%) $265,449 (8.4%) 0.00 66
    2024-05-01 $199,900 (-2.2%) $257,666 (-9.0%) 0.00 71
    2024-06-01 $197,200 (-0.7%) $237,961 (-14.9%) 0.00 74
    2024-07-01 $185,925 (3.4%) $226,123 (-11.7%) 0.00 72
    2024-08-01 $199,900 (23.5%) $239,909 (5.1%) 0.00 77
    2024-09-01 $165,050 (9.2%) $219,294 (17.6%) 0.00 96
    2024-10-01 $154,625 (3.2%) $212,469 (3.2%) 0.00 95
    Vincennes's median listing price for 2024-10-01 was $154,625, a difference of $4,725 (3.2%) versus the prior year and $-10,425 versus the prior month.

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

    Vincennes's average listing price for 2024-10-01 was $212,469, a difference of $6,591 (3.2%) versus the prior year and $-6,825 versus the prior month.

    For the 2024-10-01 period, Vincennes had 95 MLS listings, a difference of -1 listings (-1%) versus the prior month and 40 listings (73%) 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 1,409 sqft
    2018-04-01 0 days 1,420 sqft
    2018-05-01 0 days 1,575 sqft
    2018-06-01 0 days 1,628 sqft
    2018-07-01 0 days 1,613 sqft
    2018-08-01 0 days 1,600 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
    2023-03-01 0 days 1,869 sqft
    2023-04-01 0 days 1,920 sqft
    2023-05-01 0 days 2,044 sqft
    2023-06-01 0 days 1,969 sqft
    2023-07-01 0 days 1,944 sqft
    2023-08-01 0 days 1,734 sqft
    2023-09-01 0 days 1,698 sqft
    2023-10-01 0 days 1,717 sqft
    2023-11-01 0 days 1,681 sqft
    2023-12-01 0 days 1,632 sqft
    2024-01-01 0 days 1,598 sqft
    2024-02-01 0 days 1,663 sqft
    2024-03-01 0 days 1,694 sqft
    2024-04-01 0 days 1,788 sqft
    2024-05-01 0 days 1,737 sqft
    2024-06-01 0 days 1,702 sqft
    2024-07-01 0 days 1,716 sqft
    2024-08-01 0 days 1,624 sqft
    2024-09-01 0 days 1,511 sqft
    2024-10-01 0 days 1,487 sqft
    Vincennes's median listing age (time on market) for 2024-10-01 was 0 days.

    Vincennes's median square footage for active listings during the 2024-10-01 period was 1,487 sqft. One year prior, the average listing was 1,717 sqft.

    Vincennes, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 280 $39,880,000 $142,429
    Cash Out Refi 88 $7,980,000 $90,682
    Home Improvement 86 $4,570,000 $53,140
    Refi 58 $4,470,000 $77,069
    Other 50 $3,180,000 $63,600

    Vincennes's most frequently cited loan purpose was Home Purchase, with 280 originations. The 2nd most popular reason was Cash Out Refi, with 88 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    7-8% 182 $21,090,000 $115,879
    6-7% 168 $21,780,000 $129,643
    Over 8% 118 $6,940,000 $58,814
    5-6% 44 $6,340,000 $144,091
    <2.5% 37 $1,865,000 $50,405
    4-5% 2 $630,000 $315,000

    During 2023, Vincennes's most frequently originated rate bucket was 7-8%, with 182 originations.

    Loan Sizing (Vincennes, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 324 $16,810,000 $51,883
    $100k-200k 169 $23,225,000 $137,426
    $200k-400k 60 $15,650,000 $260,833
    $400k-600k 8 $3,630,000 $453,750
    $600k-1000k 1 $765,000 $765,000

    Vincennes's loan sizing saw the bucket of loans from $100,000 or less with 324 originations, totaling $16,810,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 203 $30,635,000 $150,911
    20-40% 103 $6,415,000 $62,282
    Under 20% 92 $3,030,000 $32,935
    60-80% 88 $11,180,000 $127,045
    40-60% 61 $6,125,000 $100,410
    Over 100% 4 $830,000 $207,500

    Vincennes's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 203 originations, totaling $30,635,000 in origination value.