Wilmington Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Wilmington averaged
6.59%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
5.99% and
one month ago for the week of 2024-09-05, the
average rate was 6.22%.
Wilmington's average rate one year ago was 7.76%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.62%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Wilmington 30 Year Fixed Rate | 2024-10-10 | 6.59% |
Wilmington 30 Year Fixed Rate Refi | 2024-10-10 | 6.62% |
Wilmington 15 Year Fixed Rate | 2024-10-10 | 5.21% |
Wilmington 15 Year Fixed Rate Refi | 2024-10-10 | 5.41% |
Wilmington 30 Year FHA | 2024-10-10 | 6.29% |
Wilmington 30 Year FHA Refi | 2024-10-10 | 6% |
Wilmington 30 Year USDA | 2024-10-10 | 5.88% |
Wilmington 30 Year USDA Refi | 2024-10-10 | 6.28% |
Wilmington 30 Year VA | 2024-10-10 | 5.95% |
Wilmington 30 Year VA Refi | 2024-10-10 | 5.75% |
Wilmington 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 Wilmington, 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.).
Wilmington Average Closing Costs & Other Stats
Wilmington, OH's 73 lenders originated 849
loans during 2023. The total origination value was $142,375,000, with an average loan value of
$167,697.
Wilmington's average closing costs are $4,665.
The top Wilmington lender as defined by loan originations is 1st National Bank, with
20 loans originated. Their average total fees are
$2,844, which is $1,558
lower than the next largest lender,
LOANDEPOT.COM, LLC.
The lowest fee Wilmington lenders (with over 10 loans originated) are
The Merchants National Bank ($2,041), Union Savings Bank ($2,536), 1st National Bank ($2,844), WRIGHT-PATT CREDIT UNION, INC. ($3,232) and The Huntington National Bank ($3,855).
The lowest rate Wilmington lenders (with over 10 loans originated) are
Union Savings Bank (6.29%), QUICKEN LOANS, LLC (6.46%), The Merchants National Bank (6.71%), The Huntington National Bank (6.71%) and WRIGHT-PATT CREDIT UNION, INC. (6.78%).
Wilmington, 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 |
---|---|---|---|---|
LOANDEPOT.COM, LLC | $17,185,000 | $13,990,000 | -18.6% | 9.8% |
Union Savings Bank | $6,830,000 | $8,280,000 | 21.2% | 5.8% |
WRIGHT-PATT CREDIT UNION, INC. | $15,265,000 | $8,025,000 | -47.4% | 5.6% |
Fifth Third Bank | $10,900,000 | $6,240,000 | -42.8% | 4.4% |
1st National Bank | $3,895,000 | $5,815,000 | 49.3% | 4.1% |
The Merchants National Bank | $8,700,000 | $5,345,000 | -38.6% | 3.8% |
CROSSCOUNTRY MORTGAGE, LLC | $3,675,000 | $5,095,000 | 38.6% | 3.6% |
QUICKEN LOANS, LLC | $6,885,000 | $5,035,000 | -26.9% | 3.5% |
The Huntington National Bank | $3,840,000 | $4,865,000 | 26.7% | 3.4% |
Peoples Bank | $6,515,000 | $4,685,000 | -28.1% | 3.3% |
UNITED WHOLESALE MORTGAGE, LLC | $3,630,000 | $3,850,000 | 6.1% | 2.7% |
Mortgage Research Center, LLC | $4,855,000 | $3,165,000 | -34.8% | 2.2% |
First Commonwealth Bank | $2,765,000 | $2,825,000 | 2.2% | 2.0% |
EQUITY RESOURCES, INC. | $1,920,000 | $2,410,000 | 25.5% | 1.7% |
NEWREZ LLC | $315,000 | $2,375,000 | 654.0% | 1.7% |
DAS Acquisition Company, LLC | $2,625,000 | $2,070,000 | -21.1% | 1.5% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,595,000 | $1,995,000 | -23.1% | 1.4% |
PNC Bank | $2,690,000 | $1,990,000 | -26.0% | 1.4% |
Farm Credit Mid-America, ACA | $1,150,000 | $1,825,000 | 58.7% | 1.3% |
FIRST COMMUNITY MORTGAGE, INC. | $115,000 | $1,815,000 | 1,478.3% | 1.3% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $320,000 | $1,800,000 | 462.5% | 1.3% |
U.S. Bank | $2,045,000 | $1,760,000 | -13.9% | 1.2% |
UNION HOME MORTGAGE CORP. | $2,135,000 | $1,620,000 | -24.1% | 1.1% |
RAPID MORTGAGE COMPANY | $1,530,000 | $1,565,000 | 2.3% | 1.1% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,190,000 | $1,560,000 | -28.8% | 1.1% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $225,000 | $1,530,000 | 580.0% | 1.1% |
RiverHills Bank | $165,000 | $1,525,000 | 824.2% | 1.1% |
First Financial Bank | $1,630,000 | $1,470,000 | -9.8% | 1.0% |
First State Bank | $2,515,000 | $1,465,000 | -41.7% | 1.0% |
Southern Hills Community Bank | $2,225,000 | $1,285,000 | -42.2% | 0.9% |
GENERAL ELECTRIC CREDIT UNION | $1,240,000 | $1,235,000 | -0.4% | 0.9% |
GUARANTEED RATE, INC. | $1,480,000 | $1,195,000 | -19.3% | 0.8% |
RELIANCE FIRST CAPITAL, LLC | $360,000 | $1,045,000 | 190.3% | 0.7% |
LCNB National Bank | $635,000 | $1,025,000 | 61.4% | 0.7% |
NAVY FEDERAL CREDIT UNION | $725,000 | $1,020,000 | 40.7% | 0.7% |
Citizens Bank | $585,000 | $875,000 | 49.6% | 0.6% |
Cincinnati Federal | $350,000 | $845,000 | 141.4% | 0.6% |
GUILD MORTGAGE COMPANY | $1,635,000 | $830,000 | -49.2% | 0.6% |
VAN DYK MORTGAGE CORPORATION | $1,025,000 | $810,000 | -21.0% | 0.6% |
NFM, INC. | $655,000 | $755,000 | 15.3% | 0.5% |
RUOFF MORTGAGE COMPANY, INC. | $1,795,000 | $745,000 | -58.5% | 0.5% |
USAA Federal Savings Bank | $530,000 | $725,000 | 36.8% | 0.5% |
JPMorgan Chase Bank | $1,700,000 | $685,000 | -59.7% | 0.5% |
Gateway First Bank | $1,255,000 | $655,000 | -47.8% | 0.5% |
Guardian Savings Bank, A Federal Savings Bank | $630,000 | $620,000 | -1.6% | 0.4% |
BROKER SOLUTIONS, INC. | $370,000 | $615,000 | 66.2% | 0.4% |
Paramount Residential Mortgage Group, Inc. | $1,685,000 | $605,000 | -64.1% | 0.4% |
Discover Bank | $55,000 | $595,000 | 981.8% | 0.4% |
FREEDOM MORTGAGE CORPORATION | $920,000 | $545,000 | -40.8% | 0.4% |
Hometown Equity Mortgage, LLC | $195,000 | $520,000 | 166.7% | 0.4% |
The Park National Bank | $625,000 | $515,000 | -17.6% | 0.4% |
MUTUAL OF OMAHA MORTGAGE, INC. | $115,000 | $510,000 | 343.5% | 0.4% |
NATIONS RELIABLE LENDING, LLC | $985,000 | $505,000 | -48.7% | 0.4% |
Superior Credit Union, Inc. | $210,000 | $500,000 | 138.1% | 0.4% |
The Federal Savings Bank | $500,000 | n/a | 0.4% | |
AMERICAN FINANCIAL NETWORK, INC. | $460,000 | n/a | 0.3% | |
Day Air Credit Union, Inc | $25,000 | $460,000 | 1,740.0% | 0.3% |
BAYSHORE MORTGAGE FUNDING, LLC | $630,000 | $455,000 | -27.8% | 0.3% |
GUARANTEED RATE AFFINITY, LLC | $1,630,000 | $455,000 | -72.1% | 0.3% |
MID AMERICA MORTGAGE, INC. | $545,000 | $400,000 | -26.6% | 0.3% |
T2 FINANCIAL LLC | $560,000 | $400,000 | -28.6% | 0.3% |
NORTHERN MORTGAGE SERVICES, LLC | $395,000 | n/a | 0.3% | |
PENNYMAC LOAN SERVICES, LLC | $685,000 | $390,000 | -43.1% | 0.3% |
KeyBank | $385,000 | n/a | 0.3% | |
Magnolia Bank | $385,000 | n/a | 0.3% | |
First Bank of Berne | $375,000 | n/a | 0.3% | |
LIBERTY HOME MORTGAGE CORPORATION | $235,000 | $370,000 | 57.4% | 0.3% |
Meridian Bank Corporation | $365,000 | n/a | 0.3% | |
The Farmers State Bank | $495,000 | $360,000 | -27.3% | 0.3% |
PLANET HOME LENDING, LLC | $350,000 | n/a | 0.2% | |
HOWARD HANNA FINANCIAL SERVICES, INC. | $345,000 | n/a | 0.2% | |
NEW DAY FINANCIAL, LLC | $510,000 | $345,000 | -32.4% | 0.2% |
MOVEMENT MORTGAGE, LLC | $305,000 | $340,000 | 11.5% | 0.2% |
Third Federal Savings and Loan Association of Cleveland | $1,600,000 | $340,000 | -78.8% | 0.2% |
AmeriHome Mortgage Company, LLC | $335,000 | n/a | 0.2% | |
Mr. Cooper ( Nationstar Mortgage ) | $1,000,000 | $315,000 | -68.5% | 0.2% |
POLARIS HOME FUNDING CORP. | $1,315,000 | $300,000 | -77.2% | 0.2% |
Axos Bank | $285,000 | n/a | 0.2% | |
Northwest Bank | $285,000 | n/a | 0.2% | |
Warsaw Federal Savings and Loan Association | $285,000 | n/a | 0.2% | |
THRIVE MORTGAGE, LLC | $565,000 | $280,000 | -50.4% | 0.2% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $310,000 | $280,000 | -9.7% | 0.2% |
EMERY FEDERAL CREDIT UNION | $195,000 | $270,000 | 38.5% | 0.2% |
OPTION FINANCIAL, LLC | $350,000 | $265,000 | -24.3% | 0.2% |
AMERISAVE MORTGAGE CORPORATION | $635,000 | $260,000 | -59.1% | 0.2% |
ROYAL UNITED MORTGAGE LLC | $105,000 | $255,000 | 142.9% | 0.2% |
The Ohio Valley Bank Company | $255,000 | n/a | 0.2% | |
CME Federal Credit Union | $235,000 | n/a | 0.2% | |
AMWEST FUNDING CORP. | $225,000 | n/a | 0.2% | |
Mercantile Bank of Michigan | $535,000 | $215,000 | -59.8% | 0.2% |
M&T Bank | $215,000 | n/a | 0.2% | |
TRIAD FINANCIAL SERVICES, INC. | $115,000 | $215,000 | 87.0% | 0.2% |
CONSUMERS COOPERATIVE CREDIT UNION | $205,000 | n/a | 0.1% | |
Nations Lending Corporation | $225,000 | $195,000 | -13.3% | 0.1% |
Century Mortgage Company DBA Century Lending Company | $185,000 | n/a | 0.1% | |
HOMELAND CREDIT UNION, INC. | $175,000 | n/a | 0.1% | |
PENTAGON FEDERAL CREDIT UNION | $175,000 | n/a | 0.1% | |
Carrington Mortgage Services, LLC | $1,120,000 | $170,000 | -84.8% | 0.1% |
MORTGAGE 1 INCORPORATED | $165,000 | n/a | 0.1% | |
SIBCY CLINE MORTGAGE SERVICES, INC. | $255,000 | $155,000 | -39.2% | 0.1% |
BMI Federal Credit Union | $145,000 | n/a | 0.1% | |
GENEVA FINANCIAL, LLC | $130,000 | n/a | 0.1% | |
AMERICAN FINANCIAL RESOURCES, INC. | $185,000 | $125,000 | -32.4% | 0.1% |
LENDINGHOME FUNDING CORPORATION | $125,000 | n/a | 0.1% | |
The Old Fort Banking Company | $1,110,000 | $115,000 | -89.6% | 0.1% |
ALLIANT CREDIT UNION | $105,000 | n/a | 0.1% | |
Bank of America | $490,000 | $90,000 | -81.6% | 0.1% |
UNIVERSAL 1 CREDIT UNION | $75,000 | $80,000 | 6.7% | 0.1% |
KEMBA CREDIT UNION, INC. | $65,000 | n/a | 0.0% | |
RIVER VALLEY CREDIT UNION, INC. | $65,000 | n/a | 0.0% | |
The Farmers & Merchants State Bank | $65,000 | n/a | 0.0% | |
Lakeview Community Capital, LLC | $55,000 | n/a | 0.0% | |
Coastal Community Bank | $45,000 | n/a | 0.0% | |
NATIONAL COOPERATIVE BANK, N.A. | $75,000 | $45,000 | -40.0% | 0.0% |
Sharefax Credit Union | $495,000 | $40,000 | -91.9% | 0.0% |
21ST MORTGAGE CORPORATION | $35,000 | n/a | 0.0% | |
Figure Lending LLC | $25,000 | $35,000 | 40.0% | 0.0% |
Liberty Savings Bank, F.S.B. | $35,000 | n/a | 0.0% | |
Heartland Bank | $25,000 | n/a | 0.0% |
Wilmington's top lender by overall market share is LOANDEPOT.COM, LLC, with 9.8% market share. In second place, with 5.8%, is Union Savings Bank, having originated $8,280,000 in loans. In third place, with 5.6%, is WRIGHT-PATT CREDIT UNION, INC., having originated $8,025,000 in loans. In fourth place, with 4.4%, is Fifth Third Bank, having originated $6,240,000 in loans. In fifth place, with 4.1%, is 1st National Bank, having originated $5,815,000 in loans.
Wilmington, OH Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 485 | $105,495,000 | $217,515 |
Home Improvement | 122 | $9,370,000 | $76,803 |
Cash Out Refi | 102 | $15,520,000 | $152,157 |
Other | 85 | $6,445,000 | $75,824 |
Refi | 55 | $5,545,000 | $100,818 |
Wilmington's most frequently cited loan purpose was Home Purchase, with 485 originations. The 2nd most popular reason was Home Improvement, with 122 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 311 | $64,555,000 | $207,572 |
7-8% | 242 | $41,280,000 | $170,579 |
Over 8% | 172 | $15,550,000 | $90,407 |
5-6% | 69 | $14,815,000 | $214,710 |
3-4% | 24 | $1,950,000 | $81,250 |
4-5% | 9 | $1,855,000 | $206,111 |
<2.5% | 4 | $50,000 | $12,500 |
During 2023, Wilmington's most frequently originated rate bucket was 6-7%, with 311 originations.
Loan Sizing (Wilmington, OH MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 303 | $44,355,000 | $146,386 |
$100,000 or less | 277 | $14,355,000 | $51,823 |
$200k-400k | 232 | $63,920,000 | $275,517 |
$400k-600k | 28 | $12,800,000 | $457,143 |
$600k-1000k | 8 | $5,660,000 | $707,500 |
$Over $1MM | 1 | $1,285,000 | $1,285,000 |
Wilmington's loan sizing saw the bucket of loans from $100k-200k with 303 originations, totaling $44,355,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 349 | $77,075,000 | $220,845 |
60-80% | 153 | $33,735,000 | $220,490 |
20-40% | 135 | $11,275,000 | $83,519 |
Under 20% | 121 | $4,495,000 | $37,149 |
40-60% | 60 | $9,320,000 | $155,333 |
Over 100% | 16 | $4,170,000 | $260,625 |
Wilmington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 349 originations, totaling $77,075,000 in origination value.