Washington 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 Washington averaged 6.82% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

    The average rate for the prior week (2025-03-27) was 7.03% and one month ago for the week of 2025-02-27, the average rate was 6.94%.

    Washington's average rate one year ago was 7.17%.

    For refis of the same type during the week of 2025-04-03, the average rate was 6.74%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-03 6.64%
    Washington 30 Year Fixed Rate 2025-04-03 6.82%
    Washington 30 Year Fixed Rate Refi 2025-04-03 6.74%
    Washington 15 Year Fixed Rate 2025-04-03 5.82%
    Washington 15 Year Fixed Rate Refi 2025-04-03 6.12%
    Washington 30 Year FHA 2025-04-03 6.26%
    Washington 30 Year FHA Refi 2025-04-03 6.46%
    Washington 30 Year USDA 2025-04-03 6.12%
    Washington 30 Year USDA Refi 2025-04-03 6.42%
    Washington 30 Year VA 2025-04-03 6.26%
    Washington 30 Year VA Refi 2025-04-03 6.26%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Washington, IN.

    Washington 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 Washington, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    German American Bank 32 6.70% $3,577
    CRANE 13 6.78% $1,640
    Farm Credit Mid-America, ACA 9 7.10% $6,660
    QUICKEN LOANS, LLC 9 6.56% $5,991
    PLAZA HOME MORTGAGE, INC. 9 6.68% $4,584
    UNITED WHOLESALE MORTGAGE, LLC 7 7.19% $4,468
    EVANSVILLE TEACHERS 7 6.75% $2,428
    First Federal Savings Bank 6 7.40% $2,370
    First Savings Bank 5 7.18% $2,200
    RUOFF MORTGAGE COMPANY, INC. 4 7.03% $3,008
    Old National Bank 3 6.96% $2,524
    Flagstar Bank, FSB 2 7.36% $6,343
    The Loan Store, Inc. 2 6.74% $2,629
    NEWREZ LLC 2 7.12% $1,731
    Northwest Bank 1 6.75% $2,296
    Plains Commerce Bank 1 7.25% $1,541
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 7.25% $3,927
    Security Federal Savings Bank 1 7.88% $2,041
    Union Savings Bank 1 6.50% $2,394
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.75% $5,432
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.99% $7,468
    Wells Fargo Bank 1 5.75% $3,955
    CMG MORTGAGE, INC. 1 6.99% $2,928
    Elements Financial Federal Credit Union 1 6.88% $3,127
    Fifth Third Bank 1 5.50% $2,730
    First Federal Bank 1 6.88% $2,965
    First Financial Bank 1 6.38% $2,399
    FREEDOM MORTGAGE CORPORATION 1 7.25% $5,936
    HOMESIDE FINANCIAL, LLC 1 6.88% $2,290
    JPMorgan Chase Bank 1 7.13% $3,360
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.87% $5,617
    LOANDEPOT.COM, LLC 1 5.99% $5,209
    MORTGAGE MASTERS OF INDIANA, INC. 1 7.25% $2,688
    Mortgage Research Center, LLC 1 6.38% $3,984
    M&T Bank 1 7.13% $6,091

    Washington Average Closing Costs & Other Stats

    Washington, IN's 35 lenders originated 527 loans during 2024. The total origination value was $93,455,000, with an average loan value of $177,334.

    Washington's average closing costs are $3,767.

    The top Washington lender as defined by loan originations is German American Bank, with 32 loans originated. Their average total fees are $3,577, which is $1,936 higher than the next largest lender, CRANE.

    The lowest fee Washington lenders (with over 10 loans originated) are CRANE ($1,640), German American Bank ($3,577), .

    The lowest rate Washington lenders (with over 10 loans originated) are German American Bank (6.70%), CRANE (6.78%), .

    Washington, 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
    German American Bank $23,995,000 $23,325,000 -2.8% 25.0%
    Merchants Bank of Indiana $13,020,000 n/a 13.9%
    QUICKEN LOANS, LLC $2,190,000 $4,895,000 123.5% 5.2%
    Old National Bank $3,220,000 $4,405,000 36.8% 4.7%
    CRANE $4,530,000 $3,985,000 -12.0% 4.3%
    Farm Credit Mid-America, ACA $2,220,000 $3,705,000 66.9% 4.0%
    UNITED WHOLESALE MORTGAGE, LLC $4,020,000 $3,440,000 -14.4% 3.7%
    Mortgage Research Center, LLC $1,675,000 $3,350,000 100.0% 3.6%
    First Savings Bank $3,035,000 $2,785,000 -8.2% 3.0%
    PLAZA HOME MORTGAGE, INC. $2,225,000 $2,745,000 23.4% 2.9%
    EVANSVILLE TEACHERS $3,145,000 $2,015,000 -35.9% 2.2%
    MORTGAGE MASTERS OF INDIANA, INC. $910,000 $1,950,000 114.3% 2.1%
    NAVY FEDERAL CREDIT UNION $450,000 $1,890,000 320.0% 2.0%
    FREEDOM MORTGAGE CORPORATION $620,000 $1,385,000 123.4% 1.5%
    RUOFF MORTGAGE COMPANY, INC. $655,000 $1,180,000 80.2% 1.3%
    First Federal Savings Bank $3,335,000 $1,140,000 -65.8% 1.2%
    LAKEVIEW LOAN SERVICING, LLC $975,000 n/a 1.0%
    Equity Prime Mortgage LLC $980,000 $970,000 -1.0% 1.0%
    Flagstar Bank, FSB $930,000 n/a 1.0%
    First Financial Bank $100,000 $680,000 580.0% 0.7%
    JPMorgan Chase Bank $125,000 $675,000 440.0% 0.7%
    NEWREZ LLC $650,000 n/a 0.7%
    Regions Bank $70,000 $650,000 828.6% 0.7%
    BROKER SOLUTIONS, INC. $470,000 n/a 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $195,000 $435,000 123.1% 0.5%
    USAA Federal Savings Bank $925,000 $415,000 -55.1% 0.4%
    AMERICAN FINANCIAL RESOURCES, INC. $410,000 n/a 0.4%
    LENOX FINANCIAL MORTGAGE CORPORATION $405,000 n/a 0.4%
    PREMIA MORTGAGE, LLC $405,000 n/a 0.4%
    LOANDEPOT.COM, LLC $525,000 $400,000 -23.8% 0.4%
    Union Savings Bank $395,000 n/a 0.4%
    Barrington Bank & Trust Company, N.A. $195,000 $380,000 94.9% 0.4%
    Paramount Residential Mortgage Group, Inc. $175,000 $380,000 117.1% 0.4%
    Elements Financial Federal Credit Union $375,000 n/a 0.4%
    First Federal Bank $365,000 n/a 0.4%
    CARDINAL FINANCIAL $360,000 n/a 0.4%
    Bank of England $355,000 n/a 0.4%
    VANDERBILT MORTGAGE AND FINANCE, INC. $395,000 $350,000 -11.4% 0.4%
    GUILD MORTGAGE COMPANY $225,000 $345,000 53.3% 0.4%
    First State Bank $335,000 n/a 0.4%
    PENNYMAC LOAN SERVICES, LLC $275,000 $290,000 5.5% 0.3%
    CMG MORTGAGE, INC. $285,000 n/a 0.3%
    STOCKTON MORTGAGE CORPORATION $605,000 $285,000 -52.9% 0.3%
    LNB COMMUNITY BANK $275,000 n/a 0.3%
    1ST SIGNATURE LENDING, LLC $225,000 $255,000 13.3% 0.3%
    Heritage Federal Credit Union $235,000 $245,000 4.3% 0.3%
    VILLAGE CAPITAL MORTGAGE $235,000 n/a 0.3%
    Fifth Third Bank $315,000 $230,000 -27.0% 0.2%
    Northpointe Bank $205,000 n/a 0.2%
    SECURITYNATIONAL MORTGAGE COMPANY $205,000 n/a 0.2%
    The Loan Store, Inc. $200,000 n/a 0.2%
    The Federal Savings Bank $195,000 n/a 0.2%
    Carrington Mortgage Services, LLC $190,000 n/a 0.2%
    Security Federal Savings Bank $185,000 n/a 0.2%
    AmeriHome Mortgage Company, LLC $175,000 n/a 0.2%
    PROVIDENT FUNDING ASSOCIATES, L.P. $175,000 n/a 0.2%
    M&T Bank $165,000 n/a 0.2%
    CHURCHILL MORTGAGE CORPORATION $395,000 $155,000 -60.8% 0.2%
    Wells Fargo Bank $45,000 $150,000 233.3% 0.2%
    GUARANTEED RATE, INC. $145,000 n/a 0.2%
    HOMEXPRESS MORTGAGE CORP. $145,000 n/a 0.2%
    The Huntington National Bank $145,000 n/a 0.2%
    First Financial Bank $100,000 $140,000 40.0% 0.1%
    HOMESIDE FINANCIAL, LLC $135,000 n/a 0.1%
    AMERICAN FINANCING CORPORATION $95,000 $115,000 21.1% 0.1%
    Plains Commerce Bank $115,000 n/a 0.1%
    Figure Lending LLC $70,000 $80,000 14.3% 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $75,000 n/a 0.1%
    The National Bank of Indianapolis $65,000 n/a 0.1%
    Parda Federal Credit Union $55,000 n/a 0.1%
    AMERISAVE MORTGAGE CORPORATION $420,000 $45,000 -89.3% 0.0%
    Centra Credit Union $45,000 n/a 0.0%
    Northwest Bank $145,000 $45,000 -69.0% 0.0%
    Discover Bank $115,000 $35,000 -69.6% 0.0%
    United Community Bank $35,000 n/a 0.0%
    Farmers and Mechanics Federal Savings Bank $15,000 $25,000 66.7% 0.0%
    Park Lane Finance Solutions, LLC $25,000 $15,000 -40.0% 0.0%

    Washington's top lender by overall market share is German American Bank, with 25.0% market share. In second place, with 13.9%, is Merchants Bank of Indiana, having originated $13,020,000 in loans. In third place, with 5.2%, is QUICKEN LOANS, LLC, having originated $4,895,000 in loans. In fourth place, with 4.7%, is Old National Bank, having originated $4,405,000 in loans. In fifth place, with 4.3%, is CRANE, having originated $3,985,000 in loans.

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

    Realtor.com - Washington (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 $139,450 (32.3%) $172,068 (32.2%) 0.00 72
    2018-02-01 $139,450 (36.5%) $170,614 (31.6%) 0.00 75
    2018-03-01 $144,900 (36.9%) $177,701 (30.5%) 0.00 74
    2018-04-01 $148,500 (41.6%) $172,929 (29.5%) 0.00 80
    2018-05-01 $149,900 (36.3%) $180,759 (37.5%) 0.00 80
    2018-06-01 $144,700 (25.4%) $174,201 (35.5%) 0.00 81
    2018-07-01 $142,650 (14.2%) $177,567 (24.4%) 0.00 77
    2018-08-01 $147,500 (21.1%) $185,360 (31.2%) 0.00 77
    2018-09-01 $150,800 (20.7%) $187,684 (29.0%) 0.00 78
    2018-10-01 $157,000 (22.2%) $179,773 (11.5%) 0.00 81
    2018-11-01 $161,150 (19.4%) $184,612 (10.1%) 0.00 75
    2018-12-01 $154,900 (11.4%) $193,839 (17.0%) 0.00 70
    2019-01-01 $149,225 (7.0%) $188,646 (9.6%) 0.00 69
    2019-02-01 $146,475 (5.0%) $186,899 (9.5%) 0.00 59
    2019-03-01 $155,257 (7.2%) $198,935 (12.0%) 0.00 53
    2019-04-01 $163,782 (10.3%) $205,876 (19.1%) 0.00 51
    2019-05-01 $142,475 (-5.0%) $183,565 (1.6%) 0.00 55
    2019-06-01 $145,000 (0.2%) $171,557 (-1.5%) 0.00 62
    2019-07-01 $148,900 (4.4%) $163,665 (-7.8%) 0.00 61
    2019-08-01 $144,223 (-2.2%) $164,431 (-11.3%) 0.00 60
    2019-09-01 $141,707 (-6.0%) $168,154 (-10.4%) 0.00 60
    2019-10-01 $139,625 (-11.1%) $174,562 (-2.9%) 0.00 62
    2019-11-01 $122,200 (-24.2%) $179,370 (-2.8%) 0.00 60
    2019-12-01 $129,900 (-16.1%) $181,404 (-6.4%) 0.00 56
    2020-01-01 $124,925 (-16.3%) $180,582 (-4.3%) 0.00 56
    2020-02-01 $129,450 (-11.6%) $185,626 (-0.7%) 0.00 52
    2020-03-01 $165,750 (6.8%) $224,736 (13.0%) 0.00 51
    2020-04-01 $179,900 (9.8%) $230,045 (11.7%) 0.00 49
    2020-05-01 $168,000 (17.9%) $223,731 (21.9%) 0.00 45
    2020-06-01 $157,475 (8.6%) $235,176 (37.1%) 0.00 39
    2020-07-01 $161,300 (8.3%) $256,598 (56.8%) 0.00 36
    2020-08-01 $162,500 (12.7%) $237,964 (44.7%) 0.00 43
    2020-09-01 $163,400 (15.3%) $220,762 (31.3%) 0.00 43
    2020-10-01 $179,900 (28.9%) $213,507 (22.3%) 0.00 51
    2020-11-01 $189,500 (55.1%) $216,047 (20.5%) 0.00 48
    2020-12-01 $168,650 (29.8%) $204,968 (13.0%) 0.00 42
    2021-01-01 $179,900 (44.0%) $206,685 (14.5%) 0.00 36
    2021-02-01 $168,725 (30.3%) $212,241 (14.3%) 0.00 37
    2021-03-01 $148,250 (-10.6%) $197,397 (-12.2%) 0.00 33
    2021-04-01 $143,575 (-20.2%) $200,452 (-12.9%) 0.00 23
    2021-05-01 $145,900 (-13.2%) $212,165 (-5.2%) 0.00 18
    2021-06-01 $179,900 (14.2%) $224,654 (-4.5%) 0.00 26
    2021-07-01 $183,700 (13.9%) $230,573 (-10.1%) 0.00 30
    2021-08-01 $169,900 (4.6%) $221,869 (-6.8%) 0.00 42
    2021-09-01 $163,700 (0.2%) $247,319 (12.0%) 0.00 41
    2021-10-01 $191,100 (6.2%) $260,153 (21.9%) 0.00 36
    2021-11-01 $198,825 (4.9%) $251,834 (16.6%) 0.00 41
    2021-12-01 $199,000 (18.0%) $249,145 (21.6%) 0.00 45
    2022-01-01 $174,900 (-2.8%) $240,815 (16.5%) 0.00 40
    2022-02-01 $167,450 (-0.8%) $208,926 (-1.6%) 0.00 33
    2022-03-01 $166,200 (12.1%) $222,321 (12.6%) 0.00 31
    2022-04-01 $184,900 (28.8%) $221,789 (10.6%) 0.00 34
    2022-05-01 $191,825 (31.5%) $237,978 (12.2%) 0.00 34
    2022-06-01 $169,900 (-5.6%) $213,482 (-5.0%) 0.00 38
    2022-07-01 $169,900 (-7.5%) $217,643 (-5.6%) 0.00 37
    2022-08-01 $181,000 (6.5%) $233,122 (5.1%) 0.00 37
    2022-09-01 $208,725 (27.5%) $247,746 (0.2%) 0.00 29
    2022-10-01 $239,900 (25.5%) $260,131 (0.0%) 0.00 34
    2022-11-01 $239,900 (20.7%) $247,653 (-1.7%) 0.00 36
    2022-12-01 $227,900 (14.5%) $246,109 (-1.2%) 0.00 35
    2023-01-01 $238,650 (36.5%) $269,823 (12.1%) 0.00 33
    2023-02-01 $239,900 (43.3%) $271,056 (29.7%) 0.00 31
    2023-03-01 $233,550 (40.5%) $266,734 (20.0%) 0.00 31
    2023-04-01 $229,000 (23.9%) $270,412 (21.9%) 0.00 32
    2023-05-01 $229,000 (19.4%) $255,692 (7.4%) 0.00 35
    2023-06-01 $227,875 (34.1%) $258,444 (21.1%) 0.00 38
    2023-07-01 $231,950 (36.5%) $256,363 (17.8%) 0.00 41
    2023-08-01 $232,400 (28.4%) $250,647 (7.5%) 0.00 39
    2023-09-01 $234,900 (12.5%) $256,796 (3.7%) 0.00 38
    2023-10-01 $222,650 (-7.2%) $237,903 (-8.6%) 0.00 44
    2023-11-01 $229,900 (-4.2%) $244,445 (-1.3%) 0.00 43
    2023-12-01 $227,450 (-0.2%) $238,782 (-3.0%) 0.00 45
    2024-01-01 $236,050 (-1.1%) $235,407 (-12.8%) 0.00 45
    2024-02-01 $242,400 (1.0%) $243,722 (-10.1%) 0.00 47
    2024-03-01 $244,900 (4.9%) $257,457 (-3.5%) 0.00 47
    2024-04-01 $249,900 (9.1%) $282,738 (4.6%) 0.00 43
    2024-05-01 $250,000 (9.2%) $287,552 (12.5%) 0.00 56
    2024-06-01 $249,950 (9.7%) $262,440 (1.6%) 0.00 50
    2024-07-01 $237,425 (2.4%) $264,979 (3.4%) 0.00 58
    2024-08-01 $232,500 (0.0%) $262,962 (4.9%) 0.00 63
    2024-09-01 $229,950 (-2.1%) $260,149 (1.3%) 0.00 59
    2024-10-01 $234,450 (5.3%) $246,061 (3.4%) 0.00 60
    2024-11-01 $229,000 (-0.4%) $240,342 (-1.7%) 0.00 60
    2024-12-01 $233,225 (2.5%) $238,286 (-0.2%) 0.00 63
    2025-01-01 $226,950 (-3.9%) $232,677 (-1.2%) 0.00 64
    2025-02-01 $228,675 (-5.7%) $232,395 (-4.7%) 0.00 62
    2025-03-01 $259,700 (6.0%) $252,193 (-2.0%) 0.00 57
    Washington's median listing price for 2025-03-01 was $259,700, a difference of $14,800 (6.0%) versus the prior year and $31,025 versus the prior month.

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

    Washington's average listing price for 2025-03-01 was $252,193, a difference of $-5,264 (-2.0%) versus the prior year and $19,798 versus the prior month.

    For the 2025-03-01 period, Washington had 57 MLS listings, a difference of -5 listings (-8%) versus the prior month and 10 listings (21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Washington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,659 sqft
    2018-02-01 0 days 1,652 sqft
    2018-03-01 0 days 1,726 sqft
    2018-04-01 0 days 1,799 sqft
    2018-05-01 0 days 1,833 sqft
    2018-06-01 0 days 1,780 sqft
    2018-07-01 0 days 1,790 sqft
    2018-08-01 0 days 1,798 sqft
    2018-09-01 0 days 1,805 sqft
    2018-10-01 0 days 1,800 sqft
    2018-11-01 0 days 1,800 sqft
    2018-12-01 0 days 1,886 sqft
    2019-01-01 0 days 1,874 sqft
    2019-02-01 0 days 1,821 sqft
    2019-03-01 0 days 1,871 sqft
    2019-04-01 0 days 1,896 sqft
    2019-05-01 0 days 1,800 sqft
    2019-06-01 0 days 1,665 sqft
    2019-07-01 0 days 1,708 sqft
    2019-08-01 0 days 1,717 sqft
    2019-09-01 0 days 1,718 sqft
    2019-10-01 0 days 1,718 sqft
    2019-11-01 0 days 1,665 sqft
    2019-12-01 0 days 1,683 sqft
    2020-01-01 0 days 1,740 sqft
    2020-02-01 0 days 1,779 sqft
    2020-03-01 0 days 1,916 sqft
    2020-04-01 0 days 1,943 sqft
    2020-05-01 0 days 1,884 sqft
    2020-06-01 0 days 1,773 sqft
    2020-07-01 0 days 1,836 sqft
    2020-08-01 0 days 1,857 sqft
    2020-09-01 0 days 1,769 sqft
    2020-10-01 0 days 1,743 sqft
    2020-11-01 0 days 1,764 sqft
    2020-12-01 0 days 1,681 sqft
    2021-01-01 0 days 1,711 sqft
    2021-02-01 0 days 1,656 sqft
    2021-03-01 0 days 1,760 sqft
    2021-04-01 0 days 1,750 sqft
    2021-05-01 0 days 1,706 sqft
    2021-06-01 0 days 1,753 sqft
    2021-07-01 0 days 1,840 sqft
    2021-08-01 0 days 1,663 sqft
    2021-09-01 0 days 1,688 sqft
    2021-10-01 0 days 1,864 sqft
    2021-11-01 0 days 1,741 sqft
    2021-12-01 0 days 1,711 sqft
    2022-01-01 0 days 1,665 sqft
    2022-02-01 0 days 1,715 sqft
    2022-03-01 0 days 1,676 sqft
    2022-04-01 0 days 1,727 sqft
    2022-05-01 0 days 1,727 sqft
    2022-06-01 0 days 1,332 sqft
    2022-07-01 0 days 1,313 sqft
    2022-08-01 0 days 1,560 sqft
    2022-09-01 0 days 1,715 sqft
    2022-10-01 0 days 1,903 sqft
    2022-11-01 0 days 1,909 sqft
    2022-12-01 0 days 1,844 sqft
    2023-01-01 0 days 1,935 sqft
    2023-02-01 0 days 1,846 sqft
    2023-03-01 0 days 1,855 sqft
    2023-04-01 0 days 1,767 sqft
    2023-05-01 0 days 1,654 sqft
    2023-06-01 0 days 1,704 sqft
    2023-07-01 0 days 1,708 sqft
    2023-08-01 0 days 1,652 sqft
    2023-09-01 0 days 1,569 sqft
    2023-10-01 0 days 1,458 sqft
    2023-11-01 0 days 1,473 sqft
    2023-12-01 0 days 1,470 sqft
    2024-01-01 0 days 1,548 sqft
    2024-02-01 0 days 1,595 sqft
    2024-03-01 0 days 1,650 sqft
    2024-04-01 0 days 1,588 sqft
    2024-05-01 0 days 1,746 sqft
    2024-06-01 0 days 1,669 sqft
    2024-07-01 0 days 1,734 sqft
    2024-08-01 0 days 1,734 sqft
    2024-09-01 0 days 1,751 sqft
    2024-10-01 0 days 1,682 sqft
    2024-11-01 0 days 1,722 sqft
    2024-12-01 0 days 1,691 sqft
    2025-01-01 0 days 1,621 sqft
    2025-02-01 0 days 1,592 sqft
    2025-03-01 0 days 1,708 sqft
    Washington's median listing age (time on market) for 2025-03-01 was 0 days.

    Washington's median square footage for active listings during the 2025-03-01 period was 1,708 sqft. One year prior, the average listing was 1,650 sqft.

    Washington, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 227 $59,275,000 $261,123
    Refi 106 $13,440,000 $126,792
    Cash Out Refi 85 $10,395,000 $122,294
    Other 70 $7,500,000 $107,143
    Home Improvement 39 $2,845,000 $72,949

    Washington's most frequently cited loan purpose was Home Purchase, with 227 originations. The 2nd most popular reason was Refi, with 106 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 199 $46,005,000 $231,181
    7-8% 108 $20,010,000 $185,278
    Over 8% 82 $7,480,000 $91,220
    <2.5% 78 $7,690,000 $98,590
    5-6% 53 $11,045,000 $208,396
    4-5% 3 $495,000 $165,000

    During 2024, Washington's most frequently originated rate bucket was 6-7%, with 199 originations.

    Loan Sizing (Washington, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 191 $27,905,000 $146,099
    $100,000 or less 187 $9,445,000 $50,508
    $200k-400k 130 $35,270,000 $271,308
    $400k-600k 16 $7,100,000 $443,750
    $Over $1MM 2 $13,020,000 $6,510,000
    $600k-1000k 1 $715,000 $715,000

    Washington's loan sizing saw the bucket of loans from $100k-200k with 191 originations, totaling $27,905,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 164 $34,920,000 $212,927
    20-40% 97 $9,115,000 $93,969
    Under 20% 91 $4,405,000 $48,407
    60-80% 84 $16,480,000 $196,190
    40-60% 66 $13,710,000 $207,727
    Over 100% 8 $11,380,000 $1,422,500

    Washington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 164 originations, totaling $34,920,000 in origination value.