Warsaw Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Warsaw averaged
6.75%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
7.07% and
one month ago for the week of 2024-06-13, the
average rate was 7.33%.
Warsaw's average rate one year ago was 7.24%.
For refis of the same type during the week of 2024-07-18, the average rate
was 8.49%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Warsaw 30 Year Fixed Rate | 2024-07-18 | 6.75% |
| Warsaw 30 Year Fixed Rate Refi | 2024-07-18 | 8.49% |
| Warsaw 15 Year Fixed Rate | 2024-07-18 | 6.05% |
| Warsaw 15 Year Fixed Rate Refi | 2024-07-18 | 6.35% |
| Warsaw 30 Year FHA | 2024-07-18 | 7.03% |
| Warsaw 30 Year FHA Refi | 2024-07-18 | 6.49% |
| Warsaw 30 Year USDA | 2024-07-18 | 6.53% |
| Warsaw 30 Year USDA Refi | 2024-07-18 | 6.73% |
| Warsaw 30 Year VA | 2024-07-18 | 6.2% |
| Warsaw 30 Year VA Refi | 2024-07-18 | 6.3% |
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 112 lenders originated 1,990
loans during 2023. The total origination value was $376,920,000, with an average loan value of
$189,407.
Warsaw's average closing costs are $3,604.
The top Warsaw lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with
91 loans originated. Their average total fees are
$3,035, which is $274
lower than the next largest lender,
First Federal Savings Bank.
The lowest fee Warsaw lenders (with over 10 loans originated) are
Union Savings Bank ($1,461), Crossroads Bank ($1,657), INTERRA CREDIT UNION ($2,749), Three Rivers Federal Credit Union ($2,753) and THRIVE MORTGAGE, LLC ($2,808).
The lowest rate Warsaw lenders (with over 10 loans originated) are
Crossroads Bank (6.02%), Lake City Bank (6.58%), INTERRA CREDIT UNION (6.59%), Union Savings Bank (6.69%) and UNITED WHOLESALE MORTGAGE, LLC (6.84%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Lake City Bank | $67,295,000 | $56,575,000 | -15.9% | 15.0% |
| RUOFF MORTGAGE COMPANY, INC. | $48,450,000 | $29,475,000 | -39.2% | 7.8% |
| Horizon Bank | $27,740,000 | $27,395,000 | -1.2% | 7.3% |
| First Federal Savings Bank | $4,210,000 | $25,270,000 | 500.2% | 6.7% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $12,600,000 | $13,880,000 | 10.2% | 3.7% |
| TEACHERS CREDIT UNION | $11,200,000 | $12,005,000 | 7.2% | 3.2% |
| INTERRA CREDIT UNION | $16,990,000 | $10,745,000 | -36.8% | 2.9% |
| QUICKEN LOANS, LLC | $15,440,000 | $10,365,000 | -32.9% | 2.7% |
| 1st Source Bank | $18,255,000 | $9,530,000 | -47.8% | 2.5% |
| Three Rivers Federal Credit Union | $8,445,000 | $8,170,000 | -3.3% | 2.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $9,185,000 | $8,155,000 | -11.2% | 2.2% |
| Crossroads Bank | $18,535,000 | $8,090,000 | -56.4% | 2.1% |
| CARDINAL FINANCIAL | $5,510,000 | $6,920,000 | 25.6% | 1.8% |
| GENEVA FINANCIAL, LLC | $6,250,000 | $6,905,000 | 10.5% | 1.8% |
| PNC Bank | $11,070,000 | $6,005,000 | -45.8% | 1.6% |
| First Federal Savings Bank | $4,210,000 | $5,480,000 | 30.2% | 1.5% |
| The Huntington National Bank | $3,055,000 | $5,270,000 | 72.5% | 1.4% |
| GVC MORTGAGE, INC. | $3,165,000 | $5,060,000 | 59.9% | 1.3% |
| Northwest Bank | $12,675,000 | $4,945,000 | -61.0% | 1.3% |
| HALLMARK HOME MORTGAGE, LLC | $6,330,000 | $4,470,000 | -29.4% | 1.2% |
| Mortgage Research Center, LLC | $2,315,000 | $4,290,000 | 85.3% | 1.1% |
| THRIVE MORTGAGE, LLC | $930,000 | $4,045,000 | 334.9% | 1.1% |
| Fifth Third Bank | $4,010,000 | $3,590,000 | -10.5% | 1.0% |
| First State Bank of Middlebury | $2,860,000 | $3,060,000 | 7.0% | 0.8% |
| Merchants Bank of Indiana | $13,315,000 | $2,905,000 | -78.2% | 0.8% |
| MOVEMENT MORTGAGE, LLC | $870,000 | $2,840,000 | 226.4% | 0.8% |
| STAR Financial Bank | $4,030,000 | $2,765,000 | -31.4% | 0.7% |
| First Merchants Bank | $5,680,000 | $2,735,000 | -51.8% | 0.7% |
| Union Savings Bank | $3,110,000 | $2,540,000 | -18.3% | 0.7% |
| The National Bank of Indianapolis | $730,000 | $2,275,000 | 211.6% | 0.6% |
| Old National Bank | $4,300,000 | $2,270,000 | -47.2% | 0.6% |
| Morgan Stanley Private Bank | $2,655,000 | $2,205,000 | -16.9% | 0.6% |
| PARTNERS 1ST Federal Credit Union | $430,000 | $2,090,000 | 386.0% | 0.6% |
| The Campbell & Fetter Bank | $1,620,000 | $2,065,000 | 27.5% | 0.5% |
| UNION HOME MORTGAGE CORP. | $1,230,000 | $2,010,000 | 63.4% | 0.5% |
| NEWREZ LLC | $1,215,000 | $1,925,000 | 58.4% | 0.5% |
| Farm Credit Mid-America, ACA | $2,225,000 | $1,915,000 | -13.9% | 0.5% |
| BEACON CREDIT UNION | $4,530,000 | $1,900,000 | -58.1% | 0.5% |
| KeyBank | $4,390,000 | $1,640,000 | -62.6% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $2,075,000 | $1,640,000 | -21.0% | 0.4% |
| Wells Fargo Bank | $1,300,000 | $1,635,000 | 25.8% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,420,000 | $1,605,000 | 13.0% | 0.4% |
| JPMorgan Chase Bank | $7,300,000 | $1,545,000 | -78.8% | 0.4% |
| Arbor Realty Trust, Inc. | $1,525,000 | n/a | 0.4% | |
| The Peoples State Bank | $1,525,000 | n/a | 0.4% | |
| Centier Bank | $900,000 | $1,510,000 | 67.8% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $2,075,000 | $1,415,000 | -31.8% | 0.4% |
| State Bank of Lizton | $1,300,000 | n/a | 0.3% | |
| U.S. Bank | $2,590,000 | $1,295,000 | -50.0% | 0.3% |
| PENNYMAC LOAN SERVICES, LLC | $2,715,000 | $1,235,000 | -54.5% | 0.3% |
| CALIBER HOME LOANS, INC. | $1,525,000 | $1,175,000 | -23.0% | 0.3% |
| LOANDEPOT.COM, LLC | $2,665,000 | $1,165,000 | -56.3% | 0.3% |
| Toyota Financial Savings Bank | $1,090,000 | n/a | 0.3% | |
| Carrington Mortgage Services, LLC | $1,280,000 | $1,050,000 | -18.0% | 0.3% |
| ROYAL UNITED MORTGAGE LLC | $370,000 | $970,000 | 162.2% | 0.3% |
| VAN DYK MORTGAGE CORPORATION | $135,000 | $965,000 | 614.8% | 0.3% |
| Farmers and Merchants Bank | $1,330,000 | $945,000 | -28.9% | 0.3% |
| ACADEMY MORTGAGE CORPORATION | $2,300,000 | $915,000 | -60.2% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $1,215,000 | $910,000 | -25.1% | 0.2% |
| MIDWEST AMERICA | $375,000 | $905,000 | 141.3% | 0.2% |
| ON Q FINANCIAL, INC. | $900,000 | n/a | 0.2% | |
| INDIANA MEMBERS CREDIT UNION | $185,000 | $875,000 | 373.0% | 0.2% |
| GUARANTEED RATE, INC. | $1,675,000 | $870,000 | -48.1% | 0.2% |
| Dollar Bank, Federal Savings Bank | $845,000 | n/a | 0.2% | |
| TRIAD FINANCIAL SERVICES, INC. | $1,175,000 | $795,000 | -32.3% | 0.2% |
| Notre Dame Federal Credit Union Corporation | $1,460,000 | $790,000 | -45.9% | 0.2% |
| FORUM Credit Union | $510,000 | $785,000 | 53.9% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $280,000 | $775,000 | 176.8% | 0.2% |
| MICHIGAN MUTUAL, INC. | $330,000 | $725,000 | 119.7% | 0.2% |
| Discover Bank | $375,000 | $700,000 | 86.7% | 0.2% |
| INOVA FEDERAL CREDIT UNION | $55,000 | $690,000 | 1,154.5% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $645,000 | n/a | 0.2% | |
| Town Square Mortgage & Investments, Inc. | $645,000 | n/a | 0.2% | |
| Citizens Bank | $95,000 | $620,000 | 552.6% | 0.2% |
| POLARIS HOME FUNDING CORP. | $595,000 | n/a | 0.2% | |
| TECH Credit Union | $595,000 | n/a | 0.2% | |
| Mortgage Assurance Inc. | $840,000 | $590,000 | -29.8% | 0.2% |
| ENDEAVOR CAPITAL, LLC. | $710,000 | $545,000 | -23.2% | 0.1% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $525,000 | n/a | 0.1% | |
| EVANSVILLE TEACHERS | $25,000 | $510,000 | 1,940.0% | 0.1% |
| Stifel Bank and Trust | $4,240,000 | $505,000 | -88.1% | 0.1% |
| ProFed Federal Credit Union | $1,325,000 | $470,000 | -64.5% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $550,000 | $460,000 | -16.4% | 0.1% |
| Neighborhood Loans, Inc. | $75,000 | $450,000 | 500.0% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,195,000 | $445,000 | -62.8% | 0.1% |
| CrossFirst Bank | $445,000 | n/a | 0.1% | |
| PURDUE FEDERAL CREDIT UNION | $435,000 | n/a | 0.1% | |
| Associated Bank | $285,000 | $430,000 | 50.9% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $425,000 | n/a | 0.1% | |
| Mr. Cooper ( Nationstar Mortgage ) | $1,925,000 | $425,000 | -77.9% | 0.1% |
| Nations Lending Corporation | $325,000 | $425,000 | 30.8% | 0.1% |
| Citizens State Bank of New Castle | $415,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $1,275,000 | $405,000 | -68.2% | 0.1% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $605,000 | $405,000 | -33.1% | 0.1% |
| EMM LOANS LLC | $400,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $195,000 | $385,000 | 97.4% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $830,000 | $380,000 | -54.2% | 0.1% |
| USAA Federal Savings Bank | $775,000 | $380,000 | -51.0% | 0.1% |
| EVERETT FINANCIAL, INC. | $1,920,000 | $375,000 | -80.5% | 0.1% |
| F&A Federal Credit Union | $365,000 | n/a | 0.1% | |
| BMO Harris Bank | $505,000 | $355,000 | -29.7% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $355,000 | n/a | 0.1% | |
| Marine Bank | $345,000 | n/a | 0.1% | |
| OCEANSIDE MORTGAGE COMPANY | $410,000 | $340,000 | -17.1% | 0.1% |
| Regions Bank | $1,380,000 | $335,000 | -75.7% | 0.1% |
| ALLIED MORTGAGE GROUP, INC. | $330,000 | n/a | 0.1% | |
| CNB Bank And Trust, N.A. | $325,000 | n/a | 0.1% | |
| First Financial Bank | $1,400,000 | $325,000 | -76.8% | 0.1% |
| LAKE MICHIGAN CREDIT UNION | $325,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $325,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $320,000 | n/a | 0.1% | |
| COMPASS MORTGAGE, INC. | $645,000 | $305,000 | -52.7% | 0.1% |
| RBC Bank, (Georgia) | $295,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $370,000 | $295,000 | -20.3% | 0.1% |
| V.I.P. MORTGAGE, INC. | $400,000 | $295,000 | -26.3% | 0.1% |
| Glenwood State Bank | $275,000 | n/a | 0.1% | |
| NexBank | $275,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $5,480,000 | $265,000 | -95.2% | 0.1% |
| Truist | $55,000 | $250,000 | 354.5% | 0.1% |
| Farmers State Bank | $625,000 | $245,000 | -60.8% | 0.1% |
| MYCUMORTGAGE, LLC | $245,000 | n/a | 0.1% | |
| Peoples Bank | $245,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $695,000 | $245,000 | -64.7% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $135,000 | $240,000 | 77.8% | 0.1% |
| PULTE MORTGAGE LLC | $235,000 | n/a | 0.1% | |
| STOCKTON MORTGAGE CORPORATION | $715,000 | $235,000 | -67.1% | 0.1% |
| Stock Yards Bank & Trust Company | $235,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $230,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $75,000 | $225,000 | 200.0% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $610,000 | $220,000 | -63.9% | 0.1% |
| TUCKER MORTGAGE, LLC | $215,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $245,000 | $205,000 | -16.3% | 0.1% |
| Charles Schwab Bank, SSB | $2,195,000 | $205,000 | -90.7% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $115,000 | $205,000 | 78.3% | 0.1% |
| BETTER MORTGAGE CORPORATION | $315,000 | $195,000 | -38.1% | 0.1% |
| Figure Lending LLC | $115,000 | $195,000 | 69.6% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $185,000 | n/a | 0.0% | |
| First Farmers Bank and Trust Company | $2,255,000 | $175,000 | -92.2% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $165,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $115,000 | $165,000 | 43.5% | 0.0% |
| Mid-Continent Funding, Inc. | $165,000 | n/a | 0.0% | |
| M&T Bank | $165,000 | n/a | 0.0% | |
| NATIONS RELIABLE LENDING, LLC | $165,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $165,000 | n/a | 0.0% | |
| South State Bank | $165,000 | n/a | 0.0% | |
| The State Bank and Trust Company | $125,000 | $155,000 | 24.0% | 0.0% |
| MJW Financial LLC | $615,000 | $145,000 | -76.4% | 0.0% |
| NUMARK CREDIT UNION | $145,000 | n/a | 0.0% | |
| The North Salem State Bank | $145,000 | n/a | 0.0% | |
| LENDINGHOME FUNDING CORPORATION | $95,000 | $135,000 | 42.1% | 0.0% |
| BROKER SOLUTIONS, INC. | $515,000 | $130,000 | -74.8% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $205,000 | $125,000 | -39.0% | 0.0% |
| POINT Mortgage | $125,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $165,000 | $120,000 | -27.3% | 0.0% |
| ALLIANT CREDIT UNION | $25,000 | $105,000 | 320.0% | 0.0% |
| Bank of America | $2,725,000 | $105,000 | -96.1% | 0.0% |
| Bank of England | $105,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $305,000 | $105,000 | -65.6% | 0.0% |
| First Bank of Berne | $480,000 | $105,000 | -78.1% | 0.0% |
| HONDA Federal Credit Union | $105,000 | n/a | 0.0% | |
| Northpointe Bank | $425,000 | $105,000 | -75.3% | 0.0% |
| PHH Mortgage Corporation | $255,000 | $105,000 | -58.8% | 0.0% |
| LOANPAL, LLC | $155,000 | $95,000 | -38.7% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $255,000 | $90,000 | -64.7% | 0.0% |
| WesBanco | $85,000 | n/a | 0.0% | |
| Honor Credit Union | $75,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $75,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $65,000 | n/a | 0.0% | |
| GEORGIA'S OWN | $55,000 | n/a | 0.0% | |
| The Farmers & Merchants State Bank | $360,000 | $45,000 | -87.5% | 0.0% |
| Flagstar Bank, FSB | $1,335,000 | $35,000 | -97.4% | 0.0% |
| FORT FINANCIAL Federal Credit Union | $390,000 | $35,000 | -91.0% | 0.0% |
| GREENSTATE CREDIT UNION | $35,000 | n/a | 0.0% |
Warsaw's top lender by overall market share is Lake City Bank, with 15.0% market share. In second place, with 7.8%, is RUOFF MORTGAGE COMPANY, INC., having originated $29,475,000 in loans. In third place, with 7.3%, is Horizon Bank, having originated $27,395,000 in loans. In fourth place, with 6.7%, is First Federal Savings Bank, having originated $25,270,000 in loans. In fifth place, with 3.7%, is AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC, having originated $13,880,000 in loans.
Warsaw, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 941 | $231,265,000 | $245,765 |
| Other | 296 | $35,560,000 | $120,135 |
| Cash Out Refi | 291 | $41,675,000 | $143,213 |
| Refi | 266 | $44,940,000 | $168,947 |
| Home Improvement | 196 | $23,480,000 | $119,796 |
Warsaw's most frequently cited loan purpose was Home Purchase, with 941 originations. The 2nd most popular reason was Other, with 296 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 607 | $65,885,000 | $108,542 |
| 7-8% | 606 | $118,750,000 | $195,957 |
| 6-7% | 562 | $148,140,000 | $263,594 |
| 5-6% | 136 | $29,020,000 | $213,382 |
| <2.5% | 40 | $1,850,000 | $46,250 |
| 4-5% | 13 | $3,865,000 | $297,308 |
| 2.5-3% | 3 | $305,000 | $101,667 |
| 3-4% | 1 | $25,000 | $25,000 |
During 2023, Warsaw's most frequently originated rate bucket was Over 8%, with 607 originations.
Loan Sizing (Warsaw, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 761 | $37,705,000 | $49,547 |
| $100k-200k | 619 | $91,905,000 | $148,473 |
| $200k-400k | 475 | $129,115,000 | $271,821 |
| $400k-600k | 75 | $35,055,000 | $467,400 |
| $600k-1000k | 30 | $20,740,000 | $691,333 |
| $Over $1MM | 30 | $62,400,000 | $2,080,000 |
Warsaw's loan sizing saw the bucket of loans from $100,000 or less with 761 originations, totaling $37,705,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 607 | $149,715,000 | $246,647 |
| Under 20% | 430 | $29,650,000 | $68,953 |
| 60-80% | 371 | $111,275,000 | $299,933 |
| 20-40% | 328 | $34,960,000 | $106,585 |
| 40-60% | 202 | $38,720,000 | $191,683 |
| Over 100% | 8 | $2,410,000 | $301,250 |
Warsaw's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 607 originations, totaling $149,715,000 in origination value.