Warsaw Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Warsaw averaged
6.97%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.9% and
one month ago for the week of 2025-05-15, the
average rate was 7.07%.
Warsaw's average rate one year ago was 7.31%.
For refis of the same type during the week of 2025-06-18, the average rate
was 8.63%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Warsaw 30 Year Fixed Rate | 2025-06-18 | 6.97% |
| Warsaw 30 Year Fixed Rate Refi | 2025-06-18 | 8.63% |
| Warsaw 15 Year Fixed Rate | 2025-06-18 | 6.06% |
| Warsaw 15 Year Fixed Rate Refi | 2025-06-18 | 6.06% |
| Warsaw 30 Year FHA | 2025-06-18 | 0.33% |
| Warsaw 30 Year FHA Refi | 2025-06-18 | 0.1% |
| Warsaw 30 Year USDA | 2025-06-18 | -0.2% |
| Warsaw 30 Year USDA Refi | 2025-06-18 | -0.1% |
| Warsaw 30 Year VA | 2025-06-18 | 0% |
| Warsaw 30 Year VA Refi | 2025-06-18 | 0.2% |
Warsaw 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 Warsaw, 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.).
Warsaw Average Closing Costs & Other Stats
Warsaw, IN's 122 lenders originated 2,284
loans during 2024. The total origination value was $439,500,000, with an average loan value of
$192,426.
Warsaw's average closing costs are $3,776.
The top Warsaw lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with
144 loans originated. Their average total fees are
$3,600, which is $569
higher than the next largest lender,
First Federal Savings Bank.
The lowest fee Warsaw lenders (with over 10 loans originated) are
INTERRA CREDIT UNION ($2,622), Three Rivers Federal Credit Union ($2,622), First Federal Savings Bank ($3,031), TEACHERS CREDIT UNION ($3,046) and Lake City Bank ($3,204).
The lowest rate Warsaw lenders (with over 10 loans originated) are
INTERRA CREDIT UNION (6.60%), Lake City Bank (6.68%), STOCKTON MORTGAGE CORPORATION (6.69%), UNITED WHOLESALE MORTGAGE, LLC (6.73%) and Three Rivers Federal Credit Union (6.76%).
Warsaw, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Lake City Bank | $56,575,000 | $58,915,000 | 4.1% | 13.4% |
| RUOFF MORTGAGE COMPANY, INC. | $29,475,000 | $42,960,000 | 45.8% | 9.8% |
| First Federal Savings Bank | $5,480,000 | $32,965,000 | 501.6% | 7.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $8,155,000 | $17,115,000 | 109.9% | 3.9% |
| INTERRA CREDIT UNION | $10,745,000 | $15,070,000 | 40.3% | 3.4% |
| TEACHERS CREDIT UNION | $12,005,000 | $13,585,000 | 13.2% | 3.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $13,880,000 | $13,315,000 | -4.1% | 3.0% |
| First Farmers Bank and Trust Company | $175,000 | $12,040,000 | 6,780.0% | 2.7% |
| 1st Source Bank | $9,530,000 | $11,130,000 | 16.8% | 2.5% |
| QUICKEN LOANS, LLC | $10,365,000 | $10,490,000 | 1.2% | 2.4% |
| GENEVA FINANCIAL, LLC | $6,905,000 | $8,590,000 | 24.4% | 2.0% |
| Crossroads Bank | $8,090,000 | $7,945,000 | -1.8% | 1.8% |
| PNC Bank | $6,005,000 | $7,485,000 | 24.6% | 1.7% |
| HALLMARK HOME MORTGAGE, LLC | $4,470,000 | $6,850,000 | 53.2% | 1.6% |
| Three Rivers Federal Credit Union | $8,170,000 | $6,635,000 | -18.8% | 1.5% |
| WALKER & DUNLOP, LLC | $6,405,000 | n/a | 1.5% | |
| Old National Bank | $2,270,000 | $6,325,000 | 178.6% | 1.4% |
| CARDINAL FINANCIAL | $6,920,000 | $5,685,000 | -17.8% | 1.3% |
| Mortgage Research Center, LLC | $4,290,000 | $5,570,000 | 29.8% | 1.3% |
| Horizon Bank | $27,395,000 | $5,420,000 | -80.2% | 1.2% |
| FREEDOM MORTGAGE CORPORATION | $1,415,000 | $5,395,000 | 281.3% | 1.2% |
| DHI MORTGAGE COMPANY, LTD. | $4,615,000 | n/a | 1.1% | |
| Northwest Bank | $4,945,000 | $4,340,000 | -12.2% | 1.0% |
| First Federal Savings Bank | $5,480,000 | $4,200,000 | -23.4% | 1.0% |
| GVC MORTGAGE, INC. | $5,060,000 | $4,080,000 | -19.4% | 0.9% |
| JPMorgan Chase Bank | $1,545,000 | $3,750,000 | 142.7% | 0.9% |
| The National Bank of Indianapolis | $2,275,000 | $3,720,000 | 63.5% | 0.8% |
| The Huntington National Bank | $5,270,000 | $3,340,000 | -36.6% | 0.8% |
| The Farmers Bank, Frankfort, Indiana | $3,080,000 | n/a | 0.7% | |
| Fifth Third Bank | $3,590,000 | $3,040,000 | -15.3% | 0.7% |
| Farm Credit Mid-America, ACA | $1,915,000 | $2,625,000 | 37.1% | 0.6% |
| ProFed Federal Credit Union | $470,000 | $2,485,000 | 428.7% | 0.6% |
| KeyBank | $1,640,000 | $2,440,000 | 48.8% | 0.6% |
| LOANDEPOT.COM, LLC | $1,165,000 | $2,435,000 | 109.0% | 0.6% |
| BEACON CREDIT UNION | $1,900,000 | $2,340,000 | 23.2% | 0.5% |
| Union Savings Bank | $2,540,000 | $2,330,000 | -8.3% | 0.5% |
| STOCKTON MORTGAGE CORPORATION | $235,000 | $2,290,000 | 874.5% | 0.5% |
| Carrington Mortgage Services, LLC | $1,050,000 | $2,260,000 | 115.2% | 0.5% |
| The State Bank and Trust Company | $155,000 | $2,100,000 | 1,254.8% | 0.5% |
| Notre Dame Federal Credit Union Corporation | $790,000 | $1,980,000 | 150.6% | 0.5% |
| First State Bank of Middlebury | $3,060,000 | $1,925,000 | -37.1% | 0.4% |
| CMG MORTGAGE, INC. | $1,890,000 | n/a | 0.4% | |
| NAVY FEDERAL CREDIT UNION | $1,640,000 | $1,825,000 | 11.3% | 0.4% |
| CHURCHILL MORTGAGE CORPORATION | $775,000 | $1,780,000 | 129.7% | 0.4% |
| NEWREZ LLC | $1,925,000 | $1,740,000 | -9.6% | 0.4% |
| FORUM Credit Union | $785,000 | $1,735,000 | 121.0% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,605,000 | $1,685,000 | 5.0% | 0.4% |
| Farmers and Merchants Bank | $945,000 | $1,620,000 | 71.4% | 0.4% |
| UNION HOME MORTGAGE CORP. | $2,010,000 | $1,520,000 | -24.4% | 0.3% |
| STAR Financial Bank | $2,765,000 | $1,470,000 | -46.8% | 0.3% |
| First Merchants Bank | $2,735,000 | $1,425,000 | -47.9% | 0.3% |
| Nations Lending Corporation | $425,000 | $1,345,000 | 216.5% | 0.3% |
| Waterstone Mortgage Corporation | $1,280,000 | n/a | 0.3% | |
| Old Plank Trail Community Bank | $1,205,000 | n/a | 0.3% | |
| PENNYMAC LOAN SERVICES, LLC | $1,235,000 | $1,205,000 | -2.4% | 0.3% |
| MIDWEST AMERICA | $905,000 | $1,185,000 | 30.9% | 0.3% |
| The Campbell & Fetter Bank | $2,065,000 | $1,175,000 | -43.1% | 0.3% |
| USAA Federal Savings Bank | $380,000 | $1,165,000 | 206.6% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $380,000 | $1,155,000 | 203.9% | 0.3% |
| Morgan Stanley Private Bank | $2,205,000 | $1,125,000 | -49.0% | 0.3% |
| INDIANA UNIVERSITY CREDIT UNION | $995,000 | n/a | 0.2% | |
| Charles Schwab Bank, SSB | $205,000 | $985,000 | 380.5% | 0.2% |
| Centier Bank | $1,510,000 | $970,000 | -35.8% | 0.2% |
| AMERICAN FINANCING CORPORATION | $405,000 | $965,000 | 138.3% | 0.2% |
| ON Q FINANCIAL, INC. | $900,000 | $960,000 | 6.7% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $950,000 | n/a | 0.2% | |
| LAKE MICHIGAN CREDIT UNION | $325,000 | $945,000 | 190.8% | 0.2% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $405,000 | $940,000 | 132.1% | 0.2% |
| GUARANTEED RATE, INC. | $870,000 | $925,000 | 6.3% | 0.2% |
| MJW Financial LLC | $145,000 | $920,000 | 534.5% | 0.2% |
| VAN DYK MORTGAGE CORPORATION | $965,000 | $920,000 | -4.7% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $425,000 | $885,000 | 108.2% | 0.2% |
| U.S. Bank | $1,295,000 | $885,000 | -31.7% | 0.2% |
| Flagstar Bank, FSB | $35,000 | $875,000 | 2,400.0% | 0.2% |
| MICHIGAN MUTUAL, INC. | $725,000 | $865,000 | 19.3% | 0.2% |
| AmeriHome Mortgage Company, LLC | $205,000 | $855,000 | 317.1% | 0.2% |
| EVERETT FINANCIAL, INC. | $375,000 | $790,000 | 110.7% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $2,840,000 | $785,000 | -72.4% | 0.2% |
| 21ST MORTGAGE CORPORATION | $445,000 | $750,000 | 68.5% | 0.2% |
| DAS Acquisition Company, LLC | $735,000 | n/a | 0.2% | |
| BROKER SOLUTIONS, INC. | $130,000 | $710,000 | 446.2% | 0.2% |
| INOVA FEDERAL CREDIT UNION | $690,000 | $695,000 | 0.7% | 0.2% |
| CALCON MUTUAL MORTGAGE LLC | $660,000 | n/a | 0.2% | |
| NBKC BANK | $655,000 | n/a | 0.1% | |
| INDIANA MEMBERS CREDIT UNION | $875,000 | $595,000 | -32.0% | 0.1% |
| The Union Bank Company | $595,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $795,000 | $585,000 | -26.4% | 0.1% |
| Discover Bank | $700,000 | $575,000 | -17.9% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $570,000 | n/a | 0.1% | |
| DEEPHAVEN MORTGAGE LLC | $165,000 | $545,000 | 230.3% | 0.1% |
| Northpointe Bank | $105,000 | $545,000 | 419.0% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $970,000 | $515,000 | -46.9% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $645,000 | $510,000 | -20.9% | 0.1% |
| ZILLOW HOME LOANS, LLC | $495,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $135,000 | $490,000 | 263.0% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $90,000 | $485,000 | 438.9% | 0.1% |
| Associated Bank | $430,000 | $480,000 | 11.6% | 0.1% |
| Bank of America | $105,000 | $470,000 | 347.6% | 0.1% |
| Merchants Bank of Indiana | $2,905,000 | $470,000 | -83.8% | 0.1% |
| POLARIS HOME FUNDING CORP. | $595,000 | $470,000 | -21.0% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $910,000 | $465,000 | -48.9% | 0.1% |
| First Financial Bank | $325,000 | $465,000 | 43.1% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $460,000 | n/a | 0.1% | |
| HOMEXPRESS MORTGAGE CORP. | $455,000 | n/a | 0.1% | |
| AMWEST FUNDING CORP. | $445,000 | n/a | 0.1% | |
| LOANPAL, LLC | $95,000 | $445,000 | 368.4% | 0.1% |
| Magnolia Bank | $440,000 | n/a | 0.1% | |
| OCMBC, INC. | $440,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $430,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $320,000 | $425,000 | 32.8% | 0.1% |
| NEW DAY FINANCIAL, LLC | $425,000 | n/a | 0.1% | |
| ALLIED MORTGAGE GROUP, INC. | $330,000 | $415,000 | 25.8% | 0.1% |
| Citizens Bank | $620,000 | $400,000 | -35.5% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $385,000 | $400,000 | 3.9% | 0.1% |
| TOWNE MORTGAGE COMPANY | $395,000 | n/a | 0.1% | |
| WRIGHT-PATT CREDIT UNION, INC. | $390,000 | n/a | 0.1% | |
| EVERENCE FEDERAL CREDIT UNION | $380,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $165,000 | $380,000 | 130.3% | 0.1% |
| BETTER MORTGAGE CORPORATION | $195,000 | $375,000 | 92.3% | 0.1% |
| Baxter Credit Union | $360,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $265,000 | $350,000 | 32.1% | 0.1% |
| Chiphone Federal Credit Union | $345,000 | n/a | 0.1% | |
| The Genoa Banking Company | $325,000 | n/a | 0.1% | |
| Willamette Valley Bank | $305,000 | n/a | 0.1% | |
| Elements Financial Federal Credit Union | $300,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $230,000 | $300,000 | 30.4% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $295,000 | n/a | 0.1% | |
| Blue Ridge Bank | $290,000 | n/a | 0.1% | |
| Texana Bank | $285,000 | n/a | 0.1% | |
| Wolfe Financial, Inc | $285,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $240,000 | $275,000 | 14.6% | 0.1% |
| The Garrett State Bank | $275,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $220,000 | $270,000 | 22.7% | 0.1% |
| Equity Prime Mortgage LLC | $270,000 | n/a | 0.1% | |
| TECH Credit Union | $595,000 | $270,000 | -54.6% | 0.1% |
| Alliance Bank | $265,000 | n/a | 0.1% | |
| GUILD MORTGAGE COMPANY | $265,000 | n/a | 0.1% | |
| Ixonia Bank | $265,000 | n/a | 0.1% | |
| RBC Bank, (Georgia) | $295,000 | $265,000 | -10.2% | 0.1% |
| Ameris Bank | $255,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $245,000 | n/a | 0.1% | |
| Loan Simple, Inc. | $245,000 | n/a | 0.1% | |
| RESIDENTIAL BANCORP | $245,000 | n/a | 0.1% | |
| First Bank Richmond | $235,000 | n/a | 0.1% | |
| LEADERONE FINANCIAL CORPORATION | $355,000 | $235,000 | -33.8% | 0.1% |
| LENDINGONE, LLC | $220,000 | n/a | 0.1% | |
| FORT FINANCIAL Federal Credit Union | $35,000 | $215,000 | 514.3% | 0.0% |
| MILEND, INC. | $215,000 | n/a | 0.0% | |
| Pacor Mortgage Corp | $215,000 | n/a | 0.0% | |
| ENDEAVOR CAPITAL, LLC. | $545,000 | $205,000 | -62.4% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $205,000 | n/a | 0.0% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $185,000 | n/a | 0.0% | |
| Farmers State Bank | $245,000 | $185,000 | -24.5% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $185,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $425,000 | $185,000 | -56.5% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $165,000 | $185,000 | 12.1% | 0.0% |
| V.I.P. MORTGAGE, INC. | $295,000 | $185,000 | -37.3% | 0.0% |
| Assurance Financial Group, L.L.C. | $175,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $505,000 | $175,000 | -65.3% | 0.0% |
| Town Square Mortgage & Investments, Inc. | $645,000 | $175,000 | -72.9% | 0.0% |
| SOUTHWEST FUNDING, LP | $170,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $125,000 | $165,000 | 32.0% | 0.0% |
| EVANSVILLE TEACHERS | $510,000 | $165,000 | -67.6% | 0.0% |
| The Federal Savings Bank | $165,000 | n/a | 0.0% | |
| ARC HOME LLC | $155,000 | n/a | 0.0% | |
| First Federal Bank of the Midwest | $155,000 | n/a | 0.0% | |
| VILLAGE CAPITAL MORTGAGE | $225,000 | $155,000 | -31.1% | 0.0% |
| Figure Lending LLC | $195,000 | $150,000 | -23.1% | 0.0% |
| PHH Mortgage Corporation | $105,000 | $145,000 | 38.1% | 0.0% |
| PARTNERS 1ST Federal Credit Union | $2,090,000 | $140,000 | -93.3% | 0.0% |
| Prosperity Home Mortgage, LLC | $135,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $125,000 | n/a | 0.0% | |
| NP, Inc. | $125,000 | n/a | 0.0% | |
| RANLIFE, INC. | $125,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $105,000 | n/a | 0.0% | |
| GENISYS | $105,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $85,000 | n/a | 0.0% | |
| Merchants & Marine Bank | $85,000 | n/a | 0.0% | |
| Honor Credit Union | $75,000 | $75,000 | 0.0% | 0.0% |
| Credit Union 1 | $65,000 | n/a | 0.0% | |
| Think Mutual Bank | $65,000 | n/a | 0.0% | |
| UNITED | $65,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $120,000 | $55,000 | -54.2% | 0.0% |
| Wells Fargo Bank | $1,635,000 | $55,000 | -96.6% | 0.0% |
| First Bank of Berne | $105,000 | $35,000 | -66.7% | 0.0% |
| The Loan Store, Inc. | $35,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $35,000 | $15,000 | -57.1% | 0.0% |
Warsaw's top lender by overall market share is Lake City Bank, with 13.4% market share. In second place, with 9.8%, is RUOFF MORTGAGE COMPANY, INC., having originated $42,960,000 in loans. In third place, with 7.5%, is First Federal Savings Bank, having originated $32,965,000 in loans. In fourth place, with 3.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $17,115,000 in loans. In fifth place, with 3.4%, is INTERRA CREDIT UNION, having originated $15,070,000 in loans.
Warsaw, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,057 | $257,125,000 | $243,259 |
| Other | 351 | $39,675,000 | $113,034 |
| Refi | 347 | $59,265,000 | $170,793 |
| Cash Out Refi | 334 | $58,670,000 | $175,659 |
| Home Improvement | 195 | $24,765,000 | $127,000 |
Warsaw's most frequently cited loan purpose was Home Purchase, with 1,057 originations. The 2nd most popular reason was Other, with 351 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 768 | $78,540,000 | $102,266 |
| 6-7% | 684 | $165,690,000 | $242,237 |
| 7-8% | 534 | $113,580,000 | $212,697 |
| 5-6% | 191 | $54,545,000 | $285,576 |
| <2.5% | 26 | $590,000 | $22,692 |
| 4-5% | 16 | $4,400,000 | $275,000 |
| 2.5-3% | 4 | $210,000 | $52,500 |
| 3-4% | 3 | $445,000 | $148,333 |
During 2024, Warsaw's most frequently originated rate bucket was Over 8%, with 768 originations.
Loan Sizing (Warsaw, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 791 | $39,205,000 | $49,564 |
| $100k-200k | 735 | $108,985,000 | $148,279 |
| $200k-400k | 593 | $163,735,000 | $276,113 |
| $400k-600k | 91 | $43,055,000 | $473,132 |
| $600k-1000k | 52 | $38,990,000 | $749,808 |
| $Over $1MM | 22 | $45,530,000 | $2,069,545 |
Warsaw's loan sizing saw the bucket of loans from $100,000 or less with 791 originations, totaling $39,205,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 686 | $169,550,000 | $247,157 |
| Under 20% | 462 | $22,610,000 | $48,939 |
| 60-80% | 412 | $115,890,000 | $281,286 |
| 20-40% | 391 | $44,615,000 | $114,105 |
| 40-60% | 229 | $57,245,000 | $249,978 |
| Over 100% | 12 | $3,620,000 | $301,667 |
Warsaw's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 686 originations, totaling $169,550,000 in origination value.