What are the average closing costs in Monroe County County?

In Monroe County County, the median total loan costs on purchase mortgages were $3,214 in 2024, based on 953 originations.

Which lender has the lowest closing costs in Monroe County County?

Among lenders with 10+ originations in Monroe County County, INDIANA UNIVERSITY CREDIT UNION had the lowest median total closing costs at $1,985 in 2024.

How do closing costs in Monroe County County compare to Indiana?

Monroe County County closing costs (median $3,214) are 18.8% below the Indiana state median of $3,958.

Lowest closing cost mortgage lenders in Monroe County County, Indiana

In Monroe County, Indiana, homebuyers paid a median of $3,214 in closing costs in 2024 — below the Indiana median of $3,958. The county saw 953 purchase mortgages at a median rate of 6.62%. Among lenders with 10+ originations, INDIANA UNIVERSITY CREDIT UNION offered the lowest median costs at $1,985, which is $1,089 less than the county median.

Homebuyers in Monroe County County who chose INDIANA UNIVERSITY CREDIT UNION paid $1,229 less in closing costs than the county median.

County Median Costs

$3,214

−18.8% vs Indiana ($3,958)

Median Rate

6.620%

+0.0% vs national (6.620%)

Median Origination

$1,420

Purchase Originations

953

vs Indiana Median

18.8% below

$-744

vs National Median

52.3% below

$-3,527

Lender rankings in Monroe County County

15 lenders with 10+ originations, ranked by median total loan costs.

Rank	Lender	Median Total Costs ↑	Median Rate ↕	Median Origination ↕	Volume ↕	vs. Median
1	INDIANA UNIVERSITY CREDIT UNION	$1,985	6.500%	$430	119	−$1,089
2	RUOFF MORTGAGE COMPANY, INC.	$2,840	6.625%	$1,515	141	−$234
3	German American Bank	$2,871	6.875%	$995	38	−$203
4	JPMorgan Chase Bank, National Association	$2,963	6.625%	$1,482	32	−$111
5	Fifth Third Bank, National Association	$3,003	6.500%	$1,295	14	−$71
6	Elements Financial Federal Credit Union	$3,080	6.750%	$995	11	+$6
7	Jackson County Bank	$3,106	6.500%	$950	14	+$32
8	CMG MORTGAGE, INC.	$3,179	6.990%	$1,420	80	+$105
9	Old National Bank	$3,238	6.500%	$900	17	+$164
10	FAIR WAY LENDING LLC	$3,384	6.625%	$1,717	31	+$310
11	STOCKTON MORTGAGE CORPORATION	$3,757	7.125%	$2,000	14	+$683
12	ROCKET MORTGAGE, LLC	$5,120	6.500%	$3,455	32	+$2,046
13	GVC MORTGAGE, INC.	$5,250	6.625%	$3,282	19	+$2,176
14	FIRST COMMUNITY MORTGAGE, INC.	$5,767	6.750%	$3,937	10	+$2,693

Includes lenders with 10+ purchase originations in Monroe County County. Source: HMDA 2024. Sorted by median total loan costs.

View detailed closing cost breakdowns and user reviews for lenders in Indiana → Lender Directory

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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).

Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.