Warsaw 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 Warsaw averaged 6.93% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

    The average rate for the prior week (2023-09-14) was 7.02% and one month ago for the week of 2023-08-17, the average rate was 7.23%.

    Warsaw's average rate one year ago was 5.76%.

    For refis of the same type during the week of 2023-09-21, the average rate was 6.65%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-21 7.19%
    Warsaw 30 Year Fixed Rate 2023-09-21 6.93%
    Warsaw 30 Year Fixed Rate Refi 2023-09-21 6.65%
    Warsaw 15 Year Fixed Rate 2023-09-21 6.44%
    Warsaw 15 Year Fixed Rate Refi 2023-09-21 6.74%
    Warsaw 30 Year FHA 2023-09-21 6.77%
    Warsaw 30 Year FHA Refi 2023-09-21 6.84%
    Warsaw 30 Year USDA 2023-09-21 7.22%
    Warsaw 30 Year USDA Refi 2023-09-21 7.12%
    Warsaw 30 Year VA 2023-09-21 6.72%
    Warsaw 30 Year VA Refi 2023-09-21 7.02%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Warsaw, IN.

    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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    RUOFF MORTGAGE COMPANY, INC. 144 5.19% $2,985
    First Federal Savings Bank 91 5.04% $3,463
    Lake City Bank 58 4.87% $3,101
    TEACHERS CREDIT UNION 40 5.41% $2,509
    QUICKEN LOANS, LLC 37 4.96% $5,445
    UNITED WHOLESALE MORTGAGE, LLC 30 4.99% $4,765
    INTERRA CREDIT UNION 30 4.86% $2,703
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 29 5.50% $5,453
    1st Source Bank 27 4.93% $3,687
    Crossroads Bank 27 4.94% $1,804
    Northwest Bank 19 5.40% $3,202
    AMERICAN MORTGAGE SERVICE COMPANY 18 4.83% $2,592
    Horizon Bank 18 5.19% $2,449
    JPMorgan Chase Bank 15 4.76% $3,431
    BEACON CREDIT UNION 15 4.66% $2,124
    GENEVA FINANCIAL, LLC 15 6.54% $4,819
    Three Rivers Federal Credit Union 11 4.61% $2,381
    HALLMARK HOME MORTGAGE, LLC 11 5.15% $4,182
    CARDINAL FINANCIAL 11 5.71% $4,800
    First Federal Savings Bank 10 5.74% $2,550
    Union Savings Bank 10 3.76% $1,320
    GVC MORTGAGE, INC. 10 5.17% $3,370
    KeyBank 9 4.79% $2,682
    MID AMERICA MORTGAGE, INC. 9 5.19% $3,675
    FREEDOM MORTGAGE CORPORATION 8 5.12% $4,638
    Farm Credit Mid-America, ACA 7 6.02% $5,034
    PENNYMAC LOAN SERVICES, LLC 7 5.14% $6,030
    LOANDEPOT.COM, LLC 7 4.96% $6,488
    Fifth Third Bank 7 4.94% $5,352
    Mr. Cooper ( Nationstar Mortgage ) 6 5.08% $5,123
    The Huntington National Bank 6 5.10% $3,110
    ACADEMY MORTGAGE CORPORATION 6 5.21% $3,049
    PNC Bank 5 4.78% $3,408
    Old National Bank 5 4.00% $2,477
    UNION HOME MORTGAGE CORP. 5 4.88% $3,500
    First State Bank of Middlebury 5 5.10% $2,255
    First Merchants Bank 5 4.90% $2,715
    STAR Financial Bank 5 4.40% $2,803
    First Farmers Bank and Trust Company 4 4.56% $1,990
    AMERICAN FINANCING CORPORATION 4 3.75% $3,762
    Wells Fargo Bank 4 5.41% $4,186
    Flagstar Bank, FSB 4 4.64% $4,234
    ProFed Federal Credit Union 4 5.13% $2,351
    Stifel Bank and Trust 4 3.44% $2,554
    THRIVE MORTGAGE, LLC 4 6.56% $3,608
    AMERISAVE MORTGAGE CORPORATION 4 4.25% $5,393
    GUARANTEED RATE, INC. 4 4.81% $2,706
    ZILLOW HOME LOANS, LLC 3 5.92% $3,189
    Bank of America 3 3.38% $4,247
    Carrington Mortgage Services, LLC 3 4.33% $6,945
    First Financial Bank 3 5.88% $3,770
    Morgan Stanley Private Bank 3 3.73% $2,935
    Mortgage Assurance Inc. 3 5.17% $3,837
    NEWREZ LLC 3 4.46% $4,534
    Notre Dame Federal Credit Union Corporation 3 6.38% $3,894
    ROYAL UNITED MORTGAGE LLC 3 5.67% $6,256
    UBS Bank USA 3 4.21% $3,439
    U.S. Bank 3 5.54% $1,312
    The Farmers & Merchants State Bank 2 5.73% $2,419
    CALIBER HOME LOANS, INC. 2 3.44% $5,642
    EVERETT FINANCIAL, INC. 2 5.69% $2,475
    BROKER SOLUTIONS, INC. 2 5.43% $6,217
    USAA Federal Savings Bank 2 4.94% $2,413
    MICHIGAN MUTUAL, INC. 2 5.50% $2,980
    Ally Bank 2 4.56% $2,440
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 7.06% $5,251
    Farmers State Bank 2 5.68% $2,689
    MOVEMENT MORTGAGE, LLC 2 6.44% $3,611
    Charles Schwab Bank, SSB 2 3.31% $3,945
    First Federal Bank of the Midwest 2 6.56% $2,408
    STOCKTON MORTGAGE CORPORATION 2 7.50% $5,751
    Centier Bank 2 3.88% $2,493
    FIRST CENTENNIAL MORTGAGE CORPORATION 2 4.44% $2,307
    HOME POINT FINANCIAL CORPORATION 2 6.25% $10,879
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.13% $5,280
    Mortgage Research Center, LLC 1 5.88% $1,467
    Credit Union 1 1 6.25% $4,442
    Neighborhood Loans, Inc. 1 4.50% $2,804
    NETWORK CAPITAL FUNDING CORPORATION 1 6.38% $7,348
    UNIVERSITY LENDING GROUP, LLC 1 3.99% $5,695
    Northpointe Bank 1 3.88% $2,203
    COMPEER FINANCIAL, FLCA 1 5.75% $2,720
    COMPASS MORTGAGE, INC. 1 4.38% $3,205
    OPEN MORTGAGE, LLC 1 3.75% $3,758
    Community First Bank of Indiana 1 6.50% $2,176
    PHH Mortgage Corporation 1 4.38% $10,286
    CLEARPATH LENDING 1 3.88% $16,240
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.63% $3,939
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.63% $3,664
    Citadel Servicing Corporation 1 7.63% $5,225
    CHURCHILL MORTGAGE CORPORATION 1 6.50% $5,298
    QUORUM FEDERAL CREDIT UNION 1 5.00% $2,682
    Raymond James Bank 1 4.75% $1,985
    Regions Bank 1 4.75% $3,194
    21ST MORTGAGE CORPORATION 1 9.65% $2,577
    Chiphone Federal Credit Union 1 4.13% $2,642
    Solidarity Community Federal Credit Union 1 6.25% $6,750
    Chicago Mortgage Solutions LLC 1 6.14% $2,783
    The National Bank of Indianapolis 1 5.75% $2,335
    BETTER MORTGAGE CORPORATION 1 3.38% $8,583
    TOWNE MORTGAGE COMPANY 1 4.75% $5,163
    Atlantic Union Bank 1 6.13% $3,700
    Associated Bank 1 5.38% $4,621
    First Internet Bank of Indiana 1 4.38% $2,645
    FORUM Credit Union 1 4.88% $3,674
    First Federal Bank 1 5.00% $3,940
    FIRST COMMUNITY MORTGAGE, INC. 1 7.50% $5,367
    First Bank of Berne 1 5.38% $2,141
    HOMESIDE FINANCIAL, LLC 1 6.13% $3,418
    INDIANA MEMBERS CREDIT UNION 1 4.25% $2,200
    INLAND BANK & TRUST 1 5.88% $2,568
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $2,798
    KELLER MORTGAGE, LLC 1 5.63% $1,349
    ENDEAVOR CAPITAL, LLC. 1 3.13% $7,232
    Lend Smart Mortgage, LLC 1 5.88% $10,278
    Liberty Savings Bank, F.S.B. 1 5.38% $6,490
    Deere Employees Credit Union 1 2.13% $2,548
    Loan Simple, Inc. 1 4.62% $5,749
    MEMBER FIRST MORTGAGE, LLC 1 5.88% $2,830
    CROSSCOUNTRY MORTGAGE, LLC 1 2.88% $4,624
    MIDWEST AMERICA 1 6.50% $2,399
    MJW Financial LLC 1 5.38% $2,454
    United Community Bank 1 4.28% $1,715

    Warsaw Average Closing Costs & Other Stats

    Warsaw, IN's 123 lenders originated 2,629 loans during 2022. The total origination value was $516,505,000, with an average loan value of $196,464.

    Warsaw's average closing costs are $3,455.

    The top Warsaw lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 144 loans originated. Their average total fees are $2,985, which is $478 lower than the next largest lender, First Federal Savings Bank.

    The lowest fee Warsaw lenders (with over 10 loans originated) are Union Savings Bank ($1,320), Crossroads Bank ($1,804), BEACON CREDIT UNION ($2,124), Three Rivers Federal Credit Union ($2,381) and Horizon Bank ($2,449).

    The lowest rate Warsaw lenders (with over 10 loans originated) are Union Savings Bank (3.76%), Three Rivers Federal Credit Union (4.61%), BEACON CREDIT UNION (4.66%), JPMorgan Chase Bank (4.76%) and AMERICAN MORTGAGE SERVICE COMPANY (4.83%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Lake City Bank $71,300,000 $67,295,000 -5.6% 13.0%
    RUOFF MORTGAGE COMPANY, INC. $103,700,000 $48,450,000 -53.3% 9.4%
    First Federal Savings Bank $15,050,000 $40,060,000 166.2% 7.8%
    Horizon Bank $9,505,000 $27,740,000 191.8% 5.4%
    Crossroads Bank $20,195,000 $18,535,000 -8.2% 3.6%
    1st Source Bank $28,965,000 $18,255,000 -37.0% 3.5%
    INTERRA CREDIT UNION $18,755,000 $16,990,000 -9.4% 3.3%
    QUICKEN LOANS, LLC $33,555,000 $15,440,000 -54.0% 3.0%
    Merchants Bank of Indiana $2,320,000 $13,315,000 473.9% 2.6%
    Northwest Bank $25,000,000 $12,675,000 -49.3% 2.5%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $17,215,000 $12,600,000 -26.8% 2.4%
    TEACHERS CREDIT UNION $18,810,000 $11,200,000 -40.5% 2.2%
    PNC Bank $15,705,000 $11,070,000 -29.5% 2.1%
    UNITED WHOLESALE MORTGAGE, LLC $18,930,000 $9,185,000 -51.5% 1.8%
    Three Rivers Federal Credit Union $219,340,000 $8,445,000 -96.1% 1.6%
    JPMorgan Chase Bank $12,990,000 $7,300,000 -43.8% 1.4%
    HALLMARK HOME MORTGAGE, LLC $7,295,000 $6,330,000 -13.2% 1.2%
    GENEVA FINANCIAL, LLC $6,250,000 n/a 1.2%
    First Merchants Bank $6,300,000 $5,680,000 -9.8% 1.1%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $7,890,000 $5,510,000 -30.2% 1.1%
    MID AMERICA MORTGAGE, INC. $6,215,000 $5,480,000 -11.8% 1.1%
    AMERICAN MORTGAGE SERVICE COMPANY $9,655,000 $4,815,000 -50.1% 0.9%
    BEACON CREDIT UNION $6,730,000 $4,530,000 -32.7% 0.9%
    KeyBank $13,450,000 $4,390,000 -67.4% 0.8%
    Old National Bank $7,660,000 $4,300,000 -43.9% 0.8%
    Stifel Bank and Trust $2,005,000 $4,240,000 111.5% 0.8%
    First Federal Savings Bank $15,050,000 $4,210,000 -72.0% 0.8%
    STAR Financial Bank $3,520,000 $4,030,000 14.5% 0.8%
    Fifth Third Bank $3,720,000 $4,010,000 7.8% 0.8%
    GVC MORTGAGE, INC. $3,345,000 $3,165,000 -5.4% 0.6%
    Union Savings Bank $4,250,000 $3,110,000 -26.8% 0.6%
    The Huntington National Bank $5,935,000 $3,055,000 -48.5% 0.6%
    First State Bank of Middlebury $3,550,000 $2,860,000 -19.4% 0.6%
    Bank of America $3,735,000 $2,725,000 -27.0% 0.5%
    PENNYMAC LOAN SERVICES, LLC $3,235,000 $2,715,000 -16.1% 0.5%
    LOANDEPOT.COM, LLC $10,410,000 $2,665,000 -74.4% 0.5%
    Morgan Stanley Private Bank $555,000 $2,655,000 378.4% 0.5%
    U.S. Bank $3,035,000 $2,590,000 -14.7% 0.5%
    UBS Bank USA $2,415,000 n/a 0.5%
    Mortgage Research Center, LLC $3,765,000 $2,315,000 -38.5% 0.4%
    ACADEMY MORTGAGE CORPORATION $1,155,000 $2,300,000 99.1% 0.4%
    First Farmers Bank and Trust Company $2,260,000 $2,255,000 -0.2% 0.4%
    Farm Credit Mid-America, ACA $3,980,000 $2,225,000 -44.1% 0.4%
    Charles Schwab Bank, SSB $2,195,000 n/a 0.4%
    FREEDOM MORTGAGE CORPORATION $11,735,000 $2,075,000 -82.3% 0.4%
    NAVY FEDERAL CREDIT UNION $2,835,000 $2,075,000 -26.8% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $3,780,000 $1,925,000 -49.1% 0.4%
    EVERETT FINANCIAL, INC. $205,000 $1,920,000 836.6% 0.4%
    GUARANTEED RATE, INC. $6,665,000 $1,675,000 -74.9% 0.3%
    The Campbell & Fetter Bank $3,035,000 $1,620,000 -46.6% 0.3%
    CALIBER HOME LOANS, INC. $9,650,000 $1,525,000 -84.2% 0.3%
    Notre Dame Federal Credit Union Corporation $1,420,000 $1,460,000 2.8% 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $3,775,000 $1,420,000 -62.4% 0.3%
    First Financial Bank $2,160,000 $1,400,000 -35.2% 0.3%
    Regions Bank $65,000 $1,380,000 2,023.1% 0.3%
    Flagstar Bank, FSB $3,655,000 $1,335,000 -63.5% 0.3%
    Farmers and Merchants Bank $1,330,000 n/a 0.3%
    ProFed Federal Credit Union $2,160,000 $1,325,000 -38.7% 0.3%
    Wells Fargo Bank $7,670,000 $1,300,000 -83.1% 0.3%
    Carrington Mortgage Services, LLC $990,000 $1,280,000 29.3% 0.2%
    AMERICAN FINANCING CORPORATION $1,555,000 $1,275,000 -18.0% 0.2%
    UNION HOME MORTGAGE CORP. $5,990,000 $1,230,000 -79.5% 0.2%
    AMERISAVE MORTGAGE CORPORATION $5,160,000 $1,215,000 -76.5% 0.2%
    NEWREZ LLC $3,200,000 $1,215,000 -62.0% 0.2%
    21ST MORTGAGE CORPORATION $1,285,000 $1,195,000 -7.0% 0.2%
    TRIAD FINANCIAL SERVICES, INC. $190,000 $1,175,000 518.4% 0.2%
    The Garrett State Bank $485,000 $1,030,000 112.4% 0.2%
    FIRST CHOICE MH LLC $745,000 $985,000 32.2% 0.2%
    THRIVE MORTGAGE, LLC $355,000 $930,000 162.0% 0.2%
    Loan Simple, Inc. $570,000 $910,000 59.6% 0.2%
    Centier Bank $2,410,000 $900,000 -62.7% 0.2%
    MOVEMENT MORTGAGE, LLC $870,000 n/a 0.2%
    Mortgage Assurance Inc. $685,000 $840,000 22.6% 0.2%
    ZILLOW HOME LOANS, LLC $490,000 $835,000 70.4% 0.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,040,000 $830,000 -59.3% 0.2%
    HOME POINT FINANCIAL CORPORATION $1,670,000 $820,000 -50.9% 0.2%
    USAA Federal Savings Bank $1,430,000 $775,000 -45.8% 0.2%
    CLEARPATH LENDING $185,000 $745,000 302.7% 0.1%
    The National Bank of Indianapolis $1,600,000 $730,000 -54.4% 0.1%
    STOCKTON MORTGAGE CORPORATION $715,000 n/a 0.1%
    ENDEAVOR CAPITAL, LLC. $165,000 $710,000 330.3% 0.1%
    TOP FLITE FINANCIAL, INC. $115,000 $695,000 504.3% 0.1%
    American Community Bank of Indiana $1,320,000 $645,000 -51.1% 0.1%
    COMPASS MORTGAGE, INC. $2,525,000 $645,000 -74.5% 0.1%
    First Federal Bank of the Midwest $3,895,000 $645,000 -83.4% 0.1%
    Farmers State Bank $1,445,000 $625,000 -56.7% 0.1%
    MJW Financial LLC $430,000 $615,000 43.0% 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $1,000,000 $610,000 -39.0% 0.1%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $3,280,000 $605,000 -81.6% 0.1%
    UNITED $190,000 $605,000 218.4% 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $360,000 $560,000 55.6% 0.1%
    FIRST CENTENNIAL MORTGAGE CORPORATION $550,000 n/a 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $550,000 n/a 0.1%
    BROKER SOLUTIONS, INC. $5,300,000 $515,000 -90.3% 0.1%
    Ally Bank $1,035,000 $510,000 -50.7% 0.1%
    FORUM Credit Union $1,345,000 $510,000 -62.1% 0.1%
    BMO Harris Bank $505,000 n/a 0.1%
    Raymond James Bank $335,000 $495,000 47.8% 0.1%
    First Bank of Berne $85,000 $480,000 464.7% 0.1%
    The Federal Savings Bank $910,000 $460,000 -49.5% 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $1,360,000 $450,000 -66.9% 0.1%
    PARTNERS 1ST Federal Credit Union $980,000 $430,000 -56.1% 0.1%
    Northpointe Bank $1,445,000 $425,000 -70.6% 0.1%
    OCEANSIDE MORTGAGE COMPANY $540,000 $410,000 -24.1% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $800,000 $400,000 -50.0% 0.1%
    V.I.P. MORTGAGE, INC. $1,490,000 $400,000 -73.2% 0.1%
    FORT FINANCIAL Federal Credit Union $110,000 $390,000 254.5% 0.1%
    PENTAGON FEDERAL CREDIT UNION $1,310,000 $390,000 -70.2% 0.1%
    Discover Bank $100,000 $375,000 275.0% 0.1%
    MIDWEST AMERICA $1,800,000 $375,000 -79.2% 0.1%
    RELIANCE FIRST CAPITAL, LLC $850,000 $370,000 -56.5% 0.1%
    ROYAL UNITED MORTGAGE LLC $970,000 $370,000 -61.9% 0.1%
    The Home National Bank of Thorntown $365,000 n/a 0.1%
    The Farmers & Merchants State Bank $525,000 $360,000 -31.4% 0.1%
    EMBRACE HOME LOANS, INC. $330,000 n/a 0.1%
    MICHIGAN MUTUAL, INC. $955,000 $330,000 -65.4% 0.1%
    Nations Lending Corporation $455,000 $325,000 -28.6% 0.1%
    BETTER MORTGAGE CORPORATION $5,290,000 $315,000 -94.0% 0.1%
    Deere Employees Credit Union $305,000 n/a 0.1%
    Associated Bank $245,000 $285,000 16.3% 0.1%
    CHURCHILL MORTGAGE CORPORATION $805,000 $280,000 -65.2% 0.1%
    Residential Mortgage Solutions, Inc. $275,000 n/a 0.1%
    Community First Bank of Indiana $700,000 $265,000 -62.1% 0.1%
    KELLER MORTGAGE, LLC $580,000 $265,000 -54.3% 0.1%
    NEW DAY FINANCIAL, LLC $775,000 $265,000 -65.8% 0.1%
    PHH Mortgage Corporation $160,000 $255,000 59.4% 0.0%
    Third Federal Savings and Loan Association of Cleveland $255,000 n/a 0.0%
    AmeriHome Mortgage Company, LLC $840,000 $245,000 -70.8% 0.0%
    Credit Union 1 $245,000 n/a 0.0%
    First Federal Bank $245,000 n/a 0.0%
    INLAND BANK & TRUST $145,000 $245,000 69.0% 0.0%
    Lend Smart Mortgage, LLC $245,000 n/a 0.0%
    Liberty Savings Bank, F.S.B. $590,000 $245,000 -58.5% 0.0%
    UNITED MORTGAGE CORP. $235,000 n/a 0.0%
    UNIVERSITY LENDING GROUP, LLC $225,000 n/a 0.0%
    NETWORK CAPITAL FUNDING CORPORATION $215,000 n/a 0.0%
    United Community Bank $215,000 n/a 0.0%
    Elements Financial Federal Credit Union $2,410,000 $210,000 -91.3% 0.0%
    AMERICAN PACIFIC MORTGAGE CORPORATION $400,000 $205,000 -48.8% 0.0%
    NATIONS DIRECT MORTGAGE, LLC $205,000 n/a 0.0%
    OPEN MORTGAGE, LLC $290,000 $205,000 -29.3% 0.0%
    PLANET HOME LENDING, LLC $205,000 $205,000 0.0% 0.0%
    TOWNE MORTGAGE COMPANY $220,000 $205,000 -6.8% 0.0%
    SUN WEST MORTGAGE COMPANY, INC. $195,000 n/a 0.0%
    INDIANA MEMBERS CREDIT UNION $410,000 $185,000 -54.9% 0.0%
    Solidarity Community Federal Credit Union $185,000 n/a 0.0%
    First National Bank of America $180,000 n/a 0.0%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $215,000 $175,000 -18.6% 0.0%
    COMPEER FINANCIAL, FLCA $175,000 n/a 0.0%
    CMG MORTGAGE, INC. $125,000 $165,000 32.0% 0.0%
    FINANCE OF AMERICA MORTGAGE LLC $165,000 n/a 0.0%
    QUORUM FEDERAL CREDIT UNION $165,000 n/a 0.0%
    SPRING EQ, LLC $25,000 $165,000 560.0% 0.0%
    LOANPAL, LLC $155,000 n/a 0.0%
    Southern Michigan Bank & Trust $155,000 n/a 0.0%
    The Farmers Bank, Frankfort, Indiana $545,000 $155,000 -71.6% 0.0%
    FIRST COMMUNITY MORTGAGE, INC. $145,000 n/a 0.0%
    LAKEVIEW LOAN SERVICING, LLC $1,760,000 $135,000 -92.3% 0.0%
    REVERSE MORTGAGE FUNDING LLC $135,000 n/a 0.0%
    VAN DYK MORTGAGE CORPORATION $1,215,000 $135,000 -88.9% 0.0%
    Chiphone Federal Credit Union $115,000 $125,000 8.7% 0.0%
    HOMESIDE FINANCIAL, LLC $1,845,000 $125,000 -93.2% 0.0%
    The State Bank and Trust Company $175,000 $125,000 -28.6% 0.0%
    Arvest Bank $250,000 $115,000 -54.0% 0.0%
    Figure Lending LLC $65,000 $115,000 76.9% 0.0%
    First Internet Bank of Indiana $580,000 $115,000 -80.2% 0.0%
    MEMBER FIRST MORTGAGE, LLC $430,000 $115,000 -73.3% 0.0%
    Citadel Servicing Corporation $105,000 n/a 0.0%
    First American Bank $105,000 n/a 0.0%
    First Guaranty Mortgage Corporation $2,890,000 $105,000 -96.4% 0.0%
    Chicago Mortgage Solutions LLC $95,000 n/a 0.0%
    Citizens Bank $400,000 $95,000 -76.3% 0.0%
    LENDINGHOME FUNDING CORPORATION $95,000 n/a 0.0%
    RANLIFE, INC. $95,000 n/a 0.0%
    FINANCIAL BUILDERS Federal Credit Union $90,000 n/a 0.0%
    Neighborhood Loans, Inc. $385,000 $75,000 -80.5% 0.0%
    VILLAGE CAPITAL MORTGAGE $1,330,000 $75,000 -94.4% 0.0%
    AMERICAN ADVISORS GROUP $95,000 $70,000 -26.3% 0.0%
    Atlantic Union Bank $55,000 n/a 0.0%
    INOVA FEDERAL CREDIT UNION $55,000 n/a 0.0%
    Truist $205,000 $55,000 -73.2% 0.0%
    Baxter Credit Union $205,000 $45,000 -78.0% 0.0%
    ALLIANT CREDIT UNION $25,000 n/a 0.0%
    Circle Federal Credit Union $25,000 n/a 0.0%
    EVANSVILLE TEACHERS $95,000 $25,000 -73.7% 0.0%

    Warsaw's top lender by overall market share is Lake City Bank, with 13.0% market share. In second place, with 9.4%, is RUOFF MORTGAGE COMPANY, INC., having originated $48,450,000 in loans. In third place, with 7.8%, is First Federal Savings Bank, having originated $40,060,000 in loans. In fourth place, with 5.4%, is Horizon Bank, having originated $27,740,000 in loans. In fifth place, with 3.6%, is Crossroads Bank, having originated $18,535,000 in loans.

    Warsaw Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Warsaw (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 $230,925 (19.0%) $357,713 (18.2%) 0.00 298
    2018-02-01 $225,950 (7.2%) $352,718 (5.0%) 0.00 301
    2018-03-01 $249,900 (11.4%) $367,955 (4.1%) 0.00 312
    2018-04-01 $269,375 (12.2%) $386,852 (-0.5%) 0.00 336
    2018-05-01 $258,850 (6.8%) $388,138 (-2.8%) 0.00 382
    2018-06-01 $247,900 (3.3%) $383,682 (0.6%) 0.00 402
    2018-07-01 $244,223 (2.2%) $368,648 (2.8%) 0.00 395
    2018-08-01 $234,900 (4.8%) $354,374 (2.6%) 0.00 389
    2018-09-01 $229,900 (2.2%) $343,820 (0.2%) 0.00 367
    2018-10-01 $219,900 (0.0%) $328,106 (-2.5%) 0.00 342
    2018-11-01 $221,200 (-4.7%) $312,583 (-10.0%) 0.00 280
    2018-12-01 $214,900 (-8.6%) $310,159 (-11.1%) 0.00 247
    2019-01-01 $210,645 (-8.8%) $291,740 (-18.4%) 0.00 241
    2019-02-01 $223,750 (-1.0%) $307,379 (-12.9%) 0.00 239
    2019-03-01 $241,514 (-3.4%) $353,055 (-4.1%) 0.00 232
    2019-04-01 $258,450 (-4.1%) $395,773 (2.3%) 0.00 232
    2019-05-01 $257,425 (-0.6%) $395,800 (2.0%) 0.00 263
    2019-06-01 $277,000 (11.7%) $404,068 (5.3%) 0.00 256
    2019-07-01 $261,625 (7.1%) $407,919 (10.7%) 0.00 262
    2019-08-01 $249,900 (6.4%) $406,581 (14.7%) 0.00 259
    2019-09-01 $249,900 (8.7%) $399,337 (16.2%) 0.00 262
    2019-10-01 $249,900 (13.6%) $394,508 (20.2%) 0.00 263
    2019-11-01 $240,000 (8.5%) $375,726 (20.2%) 0.00 244
    2019-12-01 $240,125 (11.7%) $352,269 (13.6%) 0.00 210
    2020-01-01 $247,475 (17.5%) $377,750 (29.5%) 0.00 185
    2020-02-01 $256,450 (14.6%) $394,689 (28.4%) 0.00 174
    2020-03-01 $284,900 (18.0%) $413,122 (17.0%) 0.00 171
    2020-04-01 $284,450 (10.1%) $395,393 (-0.1%) 0.00 178
    2020-05-01 $279,900 (8.7%) $394,406 (-0.4%) 0.00 173
    2020-06-01 $297,875 (7.5%) $461,366 (14.2%) 0.00 156
    2020-07-01 $270,975 (3.6%) $451,123 (10.6%) 0.00 129
    2020-08-01 $264,900 (6.0%) $418,455 (2.9%) 0.00 107
    2020-09-01 $263,125 (5.3%) $396,411 (-0.7%) 0.00 110
    2020-10-01 $241,950 (-3.2%) $383,223 (-2.9%) 0.00 113
    2020-11-01 $236,625 (-1.4%) $375,226 (-0.1%) 0.00 118
    2020-12-01 $238,000 (-0.9%) $330,231 (-6.3%) 0.00 95
    2021-01-01 $254,900 (3.0%) $396,608 (5.0%) 0.00 77
    2021-02-01 $299,900 (16.9%) $466,499 (18.2%) 0.00 68
    2021-03-01 $304,900 (7.0%) $482,994 (16.9%) 0.00 60
    2021-04-01 $303,900 (6.8%) $527,826 (33.5%) 0.00 63
    2021-05-01 $294,900 (5.4%) $515,156 (30.6%) 0.00 62
    2021-06-01 $311,175 (4.5%) $557,536 (20.8%) 0.00 67
    2021-07-01 $304,900 (12.5%) $471,252 (4.5%) 0.00 97
    2021-08-01 $288,225 (8.8%) $441,460 (5.5%) 0.00 87
    2021-09-01 $279,900 (6.4%) $435,636 (9.9%) 0.00 97
    2021-10-01 $269,250 (11.3%) $428,695 (11.9%) 0.00 95
    2021-11-01 $274,900 (16.2%) $434,692 (15.9%) 0.00 90
    2021-12-01 $283,200 (19.0%) $465,628 (41.0%) 0.00 77
    2022-01-01 $285,900 (12.2%) $499,978 (26.1%) 0.00 66
    2022-02-01 $310,175 (3.4%) $547,481 (17.4%) 0.00 59
    2022-03-01 $312,900 (2.6%) $509,728 (5.5%) 0.00 64
    2022-04-01 $339,900 (11.9%) $571,152 (8.2%) 0.00 64
    2022-05-01 $319,800 (8.4%) $534,163 (3.7%) 0.00 87
    2022-06-01 $338,450 (8.8%) $512,453 (-8.1%) 0.00 95
    2022-07-01 $319,000 (4.6%) $442,508 (-6.1%) 0.00 125
    2022-08-01 $317,475 (10.2%) $429,114 (-2.8%) 0.00 118
    2022-09-01 $349,475 (24.9%) $437,260 (0.4%) 0.00 120
    2022-10-01 $330,000 (22.6%) $428,237 (-0.1%) 0.00 132
    2022-11-01 $325,000 (18.2%) $498,163 (14.6%) 0.00 121
    2022-12-01 $337,000 (19.0%) $497,074 (6.8%) 0.00 90
    2023-01-01 $333,725 (16.7%) $474,438 (-5.1%) 0.00 86
    2023-02-01 $337,250 (8.7%) $482,969 (-11.8%) 0.00 90
    2023-03-01 $351,450 (12.3%) $573,533 (12.5%) 0.00 87
    2023-04-01 $350,400 (3.1%) $542,075 (-5.1%) 0.00 96
    2023-05-01 $362,200 (13.3%) $557,824 (4.4%) 0.00 99
    2023-06-01 $350,650 (3.6%) $531,011 (3.6%) 0.00 109
    2023-07-01 $350,900 (10.0%) $458,783 (3.7%) 0.00 126
    2023-08-01 $335,750 (5.8%) $430,325 (0.3%) 0.00 130
    Warsaw's median listing price for 2023-08-01 was $335,750, a difference of $18,275 (5.8%) versus the prior year and $-15,150 versus the prior month.

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

    Warsaw's average listing price for 2023-08-01 was $430,325, a difference of $1,211 (0.3%) versus the prior year and $-28,458 versus the prior month.

    For the 2023-08-01 period, Warsaw had 130 MLS listings, a difference of 4 listings (3%) versus the prior month and 12 listings (10%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Warsaw (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,914 sqft
    2018-02-01 0 days 1,898 sqft
    2018-03-01 0 days 1,891 sqft
    2018-04-01 0 days 1,917 sqft
    2018-05-01 0 days 1,897 sqft
    2018-06-01 0 days 1,891 sqft
    2018-07-01 0 days 1,812 sqft
    2018-08-01 0 days 1,799 sqft
    2018-09-01 0 days 1,834 sqft
    2018-10-01 0 days 1,800 sqft
    2018-11-01 0 days 1,822 sqft
    2018-12-01 0 days 1,809 sqft
    2019-01-01 0 days 1,772 sqft
    2019-02-01 0 days 1,835 sqft
    2019-03-01 0 days 1,889 sqft
    2019-04-01 0 days 1,925 sqft
    2019-05-01 0 days 1,899 sqft
    2019-06-01 0 days 1,863 sqft
    2019-07-01 0 days 1,842 sqft
    2019-08-01 0 days 1,872 sqft
    2019-09-01 0 days 1,907 sqft
    2019-10-01 0 days 1,945 sqft
    2019-11-01 0 days 1,886 sqft
    2019-12-01 0 days 1,897 sqft
    2020-01-01 0 days 1,936 sqft
    2020-02-01 0 days 1,867 sqft
    2020-03-01 0 days 1,898 sqft
    2020-04-01 0 days 1,911 sqft
    2020-05-01 0 days 1,956 sqft
    2020-06-01 0 days 2,100 sqft
    2020-07-01 0 days 1,941 sqft
    2020-08-01 0 days 1,996 sqft
    2020-09-01 0 days 2,010 sqft
    2020-10-01 0 days 1,964 sqft
    2020-11-01 0 days 1,908 sqft
    2020-12-01 0 days 1,888 sqft
    2021-01-01 0 days 1,800 sqft
    2021-02-01 0 days 1,871 sqft
    2021-03-01 0 days 1,885 sqft
    2021-04-01 0 days 1,939 sqft
    2021-05-01 0 days 1,870 sqft
    2021-06-01 0 days 1,906 sqft
    2021-07-01 0 days 1,846 sqft
    2021-08-01 0 days 1,854 sqft
    2021-09-01 0 days 1,767 sqft
    2021-10-01 0 days 1,780 sqft
    2021-11-01 0 days 1,757 sqft
    2021-12-01 0 days 1,760 sqft
    2022-01-01 0 days 1,772 sqft
    2022-02-01 0 days 1,643 sqft
    2022-03-01 0 days 1,659 sqft
    2022-04-01 0 days 1,776 sqft
    2022-05-01 0 days 1,785 sqft
    2022-06-01 0 days 1,851 sqft
    2022-07-01 0 days 1,939 sqft
    2022-08-01 0 days 1,884 sqft
    2022-09-01 0 days 1,866 sqft
    2022-10-01 0 days 1,826 sqft
    2022-11-01 0 days 1,956 sqft
    2022-12-01 0 days 1,950 sqft
    2023-01-01 0 days 1,890 sqft
    2023-02-01 0 days 1,857 sqft
    2023-03-01 0 days 2,060 sqft
    2023-04-01 0 days 2,092 sqft
    2023-05-01 0 days 2,116 sqft
    2023-06-01 0 days 2,048 sqft
    2023-07-01 0 days 2,011 sqft
    2023-08-01 0 days 1,904 sqft
    Warsaw's median listing age (time on market) for 2023-08-01 was 0 days.

    Warsaw's median square footage for active listings during the 2023-08-01 period was 1,904 sqft. One year prior, the average listing was 1,884 sqft.

    Warsaw, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,168 $288,810,000 $247,269
    Cash Out Refi 490 $85,230,000 $173,939
    Refi 396 $85,340,000 $215,505
    Other 356 $36,880,000 $103,596
    Home Improvement 219 $20,245,000 $92,443

    Warsaw's most frequently cited loan purpose was Home Purchase, with 1,168 originations. The 2nd most popular reason was Cash Out Refi, with 490 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 636 $129,160,000 $203,082
    3-4% 573 $121,945,000 $212,818
    4-5% 554 $128,660,000 $232,238
    6-7% 347 $60,665,000 $174,827
    7-8% 207 $25,365,000 $122,536
    <2.5% 110 $19,870,000 $180,636
    2.5-3% 82 $17,700,000 $215,854
    Over 8% 60 $3,180,000 $53,000

    During 2022, Warsaw's most frequently originated rate bucket was 5-6%, with 636 originations.

    Loan Sizing (Warsaw, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 904 $131,420,000 $145,376
    $100,000 or less 896 $45,600,000 $50,893
    $200k-400k 643 $173,625,000 $270,023
    $400k-600k 97 $46,435,000 $478,711
    $600k-1000k 54 $39,440,000 $730,370
    $Over $1MM 35 $79,985,000 $2,285,286

    Warsaw's loan sizing saw the bucket of loans from $100k-200k with 904 originations, totaling $131,420,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 835 $200,485,000 $240,102
    60-80% 595 $166,225,000 $279,370
    Under 20% 436 $20,310,000 $46,583
    20-40% 347 $35,595,000 $102,579
    40-60% 286 $61,370,000 $214,580
    Over 100% 5 $12,055,000 $2,411,000

    Warsaw's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 835 originations, totaling $200,485,000 in origination value.