Wilmington 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 Wilmington averaged 6.86% for the week of 2024-11-07, compared to the national average of 6.79% for the same period.

    The average rate for the prior week (2024-10-31) was 6.59% and one month ago for the week of 2024-10-03, the average rate was 6.19%.

    Wilmington's average rate one year ago was 7.93%.

    For refis of the same type during the week of 2024-11-07, the average rate was 7.29%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Wilmington 30 Year Fixed Rate 2024-11-07 6.86%
    Wilmington 30 Year Fixed Rate Refi 2024-11-07 7.29%
    Wilmington 15 Year Fixed Rate 2024-11-07 6.1%
    Wilmington 15 Year Fixed Rate Refi 2024-11-07 5.9%
    Wilmington 30 Year FHA 2024-11-07 6.81%
    Wilmington 30 Year FHA Refi 2024-11-07 6.43%
    Wilmington 30 Year USDA 2024-11-07 6.38%
    Wilmington 30 Year USDA Refi 2024-11-07 6.48%
    Wilmington 30 Year VA 2024-11-07 6.24%
    Wilmington 30 Year VA Refi 2024-11-07 6.54%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Wilmington, OH.

    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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    1st National Bank 20 6.91% $2,844
    LOANDEPOT.COM, LLC 19 7.17% $4,403
    The Merchants National Bank 19 6.71% $2,041
    Union Savings Bank 18 6.29% $2,536
    WRIGHT-PATT CREDIT UNION, INC. 16 6.78% $3,232
    The Huntington National Bank 11 6.71% $3,855
    QUICKEN LOANS, LLC 10 6.46% $4,426
    Fifth Third Bank 9 7.07% $3,558
    Peoples Bank 9 7.06% $2,766
    UNITED WHOLESALE MORTGAGE, LLC 7 7.09% $5,978
    EQUITY RESOURCES, INC. 7 7.20% $4,644
    CROSSCOUNTRY MORTGAGE, LLC 7 6.73% $5,717
    FIRST COMMUNITY MORTGAGE, INC. 5 6.80% $5,429
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.75% $4,699
    JPMorgan Chase Bank 5 7.23% $2,974
    PNC Bank 4 6.97% $3,326
    U.S. Bank 4 7.25% $3,056
    DAS Acquisition Company, LLC 4 7.56% $5,255
    First State Bank 4 6.72% $2,496
    Farm Credit Mid-America, ACA 4 7.13% $8,120
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 7.21% $8,645
    LCNB National Bank 3 6.04% $4,122
    BAYSHORE MORTGAGE FUNDING, LLC 3 6.96% $3,970
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.75% $5,630
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 7.49% $6,321
    MOVEMENT MORTGAGE, LLC 2 6.84% $4,785
    RAPID MORTGAGE COMPANY 2 6.81% $5,448
    RiverHills Bank 2 6.81% $2,211
    GUARANTEED RATE AFFINITY, LLC 2 6.39% $3,346
    Superior Credit Union, Inc. 2 7.06% $3,642
    GUARANTEED RATE, INC. 2 7.61% $4,336
    Guardian Savings Bank, A Federal Savings Bank 2 6.38% $688
    GUILD MORTGAGE COMPANY 2 6.63% $5,502
    The Park National Bank 2 7.13% $4,528
    First Financial Bank 2 6.94% $3,025
    UNION HOME MORTGAGE CORP. 2 6.81% $9,945
    Cincinnati Federal 2 6.50% $3,922
    NATIONS RELIABLE LENDING, LLC 2 6.62% $5,621
    First Commonwealth Bank 2 5.88% $4,772
    Discover Bank 2 6.99% $0
    Third Federal Savings and Loan Association of Cleveland 1 5.99% $2,658
    Axos Bank 1 6.38% $3,619
    BROKER SOLUTIONS, INC. 1 7.24% $4,193
    Citizens Bank 1 7.50% $8,989
    CME Federal Credit Union 1 5.45% $11,602
    CONSUMERS COOPERATIVE CREDIT UNION 1 6.13% $3,934
    Day Air Credit Union, Inc 1 6.88% $3,025
    Gateway First Bank 1 7.63% $6,248
    GENERAL ELECTRIC CREDIT UNION 1 6.38% $3,683
    GENEVA FINANCIAL, LLC 1 7.88% $5,899
    HOMELAND CREDIT UNION, INC. 1 7.25% $3,542
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 5.78% $4,763
    KeyBank 1 6.00% $3,464
    Magnolia Bank 1 7.75% $4,523
    Mercantile Bank of Michigan 1 6.25% $3,335
    MID AMERICA MORTGAGE, INC. 1 7.50% $10,298
    MORTGAGE 1 INCORPORATED 1 7.13% $4,463
    M&T Bank 1 7.25% $2,820
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $5,539
    NEWREZ LLC 1 6.50% $5,713
    NFM, INC. 1 6.99% $7,585
    Paramount Residential Mortgage Group, Inc. 1 8.25% $7,605
    RELIANCE FIRST CAPITAL, LLC 1 7.38% $14,767
    ROYAL UNITED MORTGAGE LLC 1 7.50% $6,741
    RUOFF MORTGAGE COMPANY, INC. 1 7.88% $580
    SIBCY CLINE MORTGAGE SERVICES, INC. 1 6.38% $2,884
    T2 FINANCIAL LLC 1 7.99% $10,438
    The Federal Savings Bank 1 7.50% $6,404
    The Ohio Valley Bank Company 1 5.88% $4,572
    USAA Federal Savings Bank 1 6.25% $3,235
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.50% $7,444
    VAN DYK MORTGAGE CORPORATION 1 6.75% $0
    Warsaw Federal Savings and Loan Association 1 7.30% $3,636

    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.