Wapakoneta Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Wapakoneta averaged
6.68%
for the week of 2024-10-24, compared to the national average of
6.54% for the same period.
The average rate for the prior week (2024-10-17) was
6.48% and
one month ago for the week of 2024-09-19, the
average rate was 6.23%.
Wapakoneta's average rate one year ago was 7.77%.
For refis of the same type during the week of 2024-10-24, the average rate
was 6.84%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-24 | 6.54% |
Wapakoneta 30 Year Fixed Rate | 2024-10-24 | 6.68% |
Wapakoneta 30 Year Fixed Rate Refi | 2024-10-24 | 6.84% |
Wapakoneta 15 Year Fixed Rate | 2024-10-24 | 5.71% |
Wapakoneta 15 Year Fixed Rate Refi | 2024-10-24 | 5.81% |
Wapakoneta 30 Year FHA | 2024-10-24 | 6.16% |
Wapakoneta 30 Year FHA Refi | 2024-10-24 | 6.45% |
Wapakoneta 30 Year USDA | 2024-10-24 | 6.39% |
Wapakoneta 30 Year USDA Refi | 2024-10-24 | 6.19% |
Wapakoneta 30 Year VA | 2024-10-24 | 6.34% |
Wapakoneta 30 Year VA Refi | 2024-10-24 | 5.94% |
Wapakoneta 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 Wapakoneta, 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.).
Wapakoneta Average Closing Costs & Other Stats
Wapakoneta, OH's 49 lenders originated 781
loans during 2023. The total origination value was $104,255,000, with an average loan value of
$133,489.
Wapakoneta's average closing costs are $4,146.
The top Wapakoneta lender as defined by loan originations is Superior Credit Union, Inc., with
79 loans originated. Their average total fees are
$3,129, which is $1,022
higher than the next largest lender,
Minster Bank.
The lowest fee Wapakoneta lenders (with over 10 loans originated) are
Minster Bank ($2,107), Superior Credit Union, Inc. ($3,129), U.S. Bank ($3,476), The Huntington National Bank ($3,700) and JPMorgan Chase Bank ($4,546).
The lowest rate Wapakoneta lenders (with over 10 loans originated) are
Minster Bank (6.44%), Superior Credit Union, Inc. (6.66%), The Huntington National Bank (6.73%), U.S. Bank (6.80%) and JPMorgan Chase Bank (6.97%).
Wapakoneta, 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. | $38,885,000 | $27,420,000 | -29.5% | 26.3% |
Minster Bank | $11,275,000 | $13,010,000 | 15.4% | 12.5% |
QUICKEN LOANS, LLC | $9,655,000 | $4,910,000 | -49.1% | 4.7% |
The Huntington National Bank | $3,245,000 | $3,630,000 | 11.9% | 3.5% |
U.S. Bank | $5,165,000 | $2,845,000 | -44.9% | 2.7% |
CROSSCOUNTRY MORTGAGE, LLC | $7,555,000 | $2,640,000 | -65.1% | 2.5% |
JPMorgan Chase Bank | $4,650,000 | $2,625,000 | -43.5% | 2.5% |
First Financial Bank | $1,320,000 | $2,615,000 | 98.1% | 2.5% |
The Citizens National Bank of Bluffton | $1,930,000 | $2,505,000 | 29.8% | 2.4% |
NEWREZ LLC | $750,000 | $2,020,000 | 169.3% | 1.9% |
Fifth Third Bank | $6,005,000 | $1,940,000 | -67.7% | 1.9% |
Western Ohio Mortgage Corporation | $1,685,000 | n/a | 1.6% | |
Three Rivers Federal Credit Union | $4,510,000 | $1,670,000 | -63.0% | 1.6% |
UNITED WHOLESALE MORTGAGE, LLC | $570,000 | $1,600,000 | 180.7% | 1.5% |
HONDA Federal Credit Union | $3,770,000 | $1,585,000 | -58.0% | 1.5% |
UNION HOME MORTGAGE CORP. | $155,000 | $1,520,000 | 880.6% | 1.5% |
Mortgage Research Center, LLC | $1,770,000 | $1,515,000 | -14.4% | 1.5% |
Servion, Inc. | $1,735,000 | $1,225,000 | -29.4% | 1.2% |
First Federal Bank of the Midwest | $520,000 | $1,080,000 | 107.7% | 1.0% |
The Park National Bank | $995,000 | $990,000 | -0.5% | 0.9% |
NAVY FEDERAL CREDIT UNION | $1,525,000 | $940,000 | -38.4% | 0.9% |
The Union Bank Company | $2,050,000 | $940,000 | -54.1% | 0.9% |
PENNYMAC LOAN SERVICES, LLC | $200,000 | $935,000 | 367.5% | 0.9% |
The Federal Savings Bank | $245,000 | $910,000 | 271.4% | 0.9% |
Farm Credit Mid-America, ACA | $1,065,000 | $895,000 | -16.0% | 0.9% |
AMERISAVE MORTGAGE CORPORATION | $280,000 | $885,000 | 216.1% | 0.8% |
SUPERIOR FINANCIAL SOLUTIONS, LLC | $770,000 | $825,000 | 7.1% | 0.8% |
VILLAGE CAPITAL MORTGAGE | $200,000 | $785,000 | 292.5% | 0.8% |
Union Savings Bank | $405,000 | $715,000 | 76.5% | 0.7% |
AG Credit, Agricultural Credit Association | $920,000 | $620,000 | -32.6% | 0.6% |
FREEDOM MORTGAGE CORPORATION | $1,310,000 | $575,000 | -56.1% | 0.6% |
Discover Bank | $145,000 | $555,000 | 282.8% | 0.5% |
Wells Fargo Bank | $455,000 | $555,000 | 22.0% | 0.5% |
GUARANTEED RATE, INC. | $145,000 | $520,000 | 258.6% | 0.5% |
Carrington Mortgage Services, LLC | $655,000 | $485,000 | -26.0% | 0.5% |
MYCUMORTGAGE, LLC | $315,000 | $465,000 | 47.6% | 0.4% |
BMI Federal Credit Union | $450,000 | n/a | 0.4% | |
1ST SIGNATURE LENDING, LLC | $425,000 | n/a | 0.4% | |
The First National Bank of Pandora | $270,000 | $420,000 | 55.6% | 0.4% |
Assurance Financial Group, L.L.C. | $415,000 | n/a | 0.4% | |
Greenville Federal | $200,000 | $400,000 | 100.0% | 0.4% |
Kwik Mortgage Corporation | $385,000 | n/a | 0.4% | |
Cf Bank | $375,000 | n/a | 0.4% | |
Presidential Bank, FSB | $375,000 | n/a | 0.4% | |
PLANET HOME LENDING, LLC | $370,000 | n/a | 0.4% | |
WRIGHT-PATT CREDIT UNION, INC. | $365,000 | $365,000 | 0.0% | 0.4% |
Flagstar Bank, FSB | $935,000 | $335,000 | -64.2% | 0.3% |
First Bank Richmond | $115,000 | $330,000 | 187.0% | 0.3% |
PNC Bank | $575,000 | $330,000 | -42.6% | 0.3% |
LOANDEPOT.COM, LLC | $3,975,000 | $325,000 | -91.8% | 0.3% |
GSF Mortgage Corporation | $315,000 | n/a | 0.3% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $175,000 | $305,000 | 74.3% | 0.3% |
Gateway First Bank | $295,000 | n/a | 0.3% | |
GENEVA FINANCIAL, LLC | $295,000 | n/a | 0.3% | |
HOWARD HANNA FINANCIAL SERVICES, INC. | $290,000 | n/a | 0.3% | |
TOP FLITE FINANCIAL, INC. | $85,000 | $290,000 | 241.2% | 0.3% |
RUOFF MORTGAGE COMPANY, INC. | $490,000 | $280,000 | -42.9% | 0.3% |
Barrington Bank & Trust Company, N.A. | $75,000 | $265,000 | 253.3% | 0.3% |
Mr. Cooper ( Nationstar Mortgage ) | $1,225,000 | $245,000 | -80.0% | 0.2% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $235,000 | n/a | 0.2% | |
DAS Acquisition Company, LLC | $205,000 | $225,000 | 9.8% | 0.2% |
THRIVE MORTGAGE, LLC | $505,000 | $225,000 | -55.4% | 0.2% |
First Merchants Bank | $215,000 | n/a | 0.2% | |
21ST MORTGAGE CORPORATION | $205,000 | n/a | 0.2% | |
INTERSTATE HOME LOAN CENTER, INC. | $195,000 | n/a | 0.2% | |
HOMESIDE FINANCIAL, LLC | $195,000 | $190,000 | -2.6% | 0.2% |
CHURCHILL MORTGAGE CORPORATION | $165,000 | $185,000 | 12.1% | 0.2% |
CMG MORTGAGE, INC. | $185,000 | n/a | 0.2% | |
FIRST ALLIANCE HOME MORTGAGE, LLC | $185,000 | n/a | 0.2% | |
North American Savings Bank, F.S.B. | $185,000 | n/a | 0.2% | |
NEW DAY FINANCIAL, LLC | $370,000 | $165,000 | -55.4% | 0.2% |
PHH Mortgage Corporation | $155,000 | n/a | 0.1% | |
USAlliance Federal Credit Union | $155,000 | n/a | 0.1% | |
NATIONS DIRECT MORTGAGE, LLC | $145,000 | n/a | 0.1% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $310,000 | $135,000 | -56.5% | 0.1% |
ZILLOW HOME LOANS, LLC | $135,000 | n/a | 0.1% | |
First Bank of Berne | $35,000 | $125,000 | 257.1% | 0.1% |
Mercantile Bank of Michigan | $215,000 | $115,000 | -46.5% | 0.1% |
RAPID MORTGAGE COMPANY | $215,000 | $105,000 | -51.2% | 0.1% |
SIWELL, INC. | $125,000 | $105,000 | -16.0% | 0.1% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $105,000 | n/a | 0.1% | |
WesBanco | $55,000 | $105,000 | 90.9% | 0.1% |
Figure Lending LLC | $50,000 | $90,000 | 80.0% | 0.1% |
The Farmers & Merchants State Bank | $430,000 | $80,000 | -81.4% | 0.1% |
Greenville National Bank | $290,000 | $75,000 | -74.1% | 0.1% |
IH CREDIT UNION, INC. | $75,000 | n/a | 0.1% | |
Firefighters & Company FCU | $65,000 | n/a | 0.1% | |
POLARIS HOME FUNDING CORP. | $425,000 | $65,000 | -84.7% | 0.1% |
BROKER SOLUTIONS, INC. | $1,120,000 | $55,000 | -95.1% | 0.1% |
Coastal Community Bank | $55,000 | n/a | 0.1% | |
The State Bank and Trust Company | $3,255,000 | $45,000 | -98.6% | 0.0% |
UNIVERSAL 1 CREDIT UNION | $45,000 | n/a | 0.0% | |
Third Federal Savings and Loan Association of Cleveland | $70,000 | $35,000 | -50.0% | 0.0% |
Citizens Bank | $655,000 | $25,000 | -96.2% | 0.0% |
GENERAL ELECTRIC CREDIT UNION | $25,000 | n/a | 0.0% | |
Home Loan Investment Bank, F.S.B. | $5,000 | n/a | 0.0% |
Wapakoneta's top lender by overall market share is Superior Credit Union, Inc., with 26.3% market share. In second place, with 12.5%, is Minster Bank, having originated $13,010,000 in loans. In third place, with 4.7%, is QUICKEN LOANS, LLC, having originated $4,910,000 in loans. In fourth place, with 3.5%, is The Huntington National Bank, having originated $3,630,000 in loans. In fifth place, with 2.7%, is U.S. Bank, having originated $2,845,000 in loans.
Wapakoneta, OH Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 403 | $74,215,000 | $184,156 |
Other | 120 | $6,680,000 | $55,667 |
Home Improvement | 107 | $5,425,000 | $50,701 |
Cash Out Refi | 98 | $11,670,000 | $119,082 |
Refi | 53 | $6,265,000 | $118,208 |
Wapakoneta's most frequently cited loan purpose was Home Purchase, with 403 originations. The 2nd most popular reason was Other, with 120 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 315 | $49,415,000 | $156,873 |
7-8% | 220 | $29,150,000 | $132,500 |
Over 8% | 151 | $9,315,000 | $61,689 |
5-6% | 79 | $13,325,000 | $168,671 |
4-5% | 7 | $2,205,000 | $315,000 |
<2.5% | 2 | $120,000 | $60,000 |
3-4% | 1 | $25,000 | $25,000 |
During 2023, Wapakoneta's most frequently originated rate bucket was 6-7%, with 315 originations.
Loan Sizing (Wapakoneta, OH MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 341 | $17,305,000 | $50,748 |
$100k-200k | 285 | $41,515,000 | $145,667 |
$200k-400k | 139 | $36,555,000 | $262,986 |
$400k-600k | 12 | $5,450,000 | $454,167 |
$600k-1000k | 3 | $2,105,000 | $701,667 |
$Over $1MM | 1 | $1,325,000 | $1,325,000 |
Wapakoneta's loan sizing saw the bucket of loans from $100,000 or less with 341 originations, totaling $17,305,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 294 | $52,220,000 | $177,619 |
60-80% | 146 | $28,250,000 | $193,493 |
Under 20% | 134 | $4,780,000 | $35,672 |
20-40% | 131 | $9,785,000 | $74,695 |
40-60% | 64 | $7,500,000 | $117,188 |
Over 100% | 4 | $940,000 | $235,000 |
Wapakoneta's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 294 originations, totaling $52,220,000 in origination value.