KALAMAZOO - PORTAGE Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Kalamazoo - Portage averaged 6.88% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

The average rate for the prior week (2024-11-07) was 6.89% and one month ago for the week of 2024-10-10, the average rate was 6.32%.

Kalamazoo - Portage's average rate one year ago was 7.5%.

For refis of the same type during the week of 2024-11-14, the average rate was 7.41%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-11-14 6.78%
Kalamazoo - Portage 30 Year Fixed Rate 2024-11-14 6.88%
Kalamazoo - Portage 30 Year Fixed Rate Refi 2024-11-14 7.41%
Kalamazoo - Portage 15 Year Fixed Rate 2024-11-14 7.48%
Kalamazoo - Portage 15 Year Fixed Rate Refi 2024-11-14 6.39%
Kalamazoo - Portage 30 Year FHA 2024-11-14 0.05%
Kalamazoo - Portage 30 Year FHA Refi 2024-11-14 0%
Kalamazoo - Portage 30 Year USDA 2024-11-14 0%
Kalamazoo - Portage 30 Year USDA Refi 2024-11-14 0%
Kalamazoo - Portage 30 Year VA 2024-11-14 0.31%
Kalamazoo - Portage 30 Year VA Refi 2024-11-14 0.1%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within KALAMAZOO-PORTAGE, MI.

KALAMAZOO - PORTAGE 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 KALAMAZOO-PORTAGE, MI 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
CONSUMERS 350 6.98% $3,400
LAKE MICHIGAN CREDIT UNION 249 6.64% $3,428
ARBOR FINANCIAL CREDIT UNION 151 6.24% $3,791
UNITED WHOLESALE MORTGAGE, LLC 119 6.90% $5,080
QUICKEN LOANS, LLC 109 6.95% $5,483
Fifth Third Bank 75 6.77% $3,684
Neighborhood Loans, Inc. 69 6.93% $5,229
MORTGAGE CENTER L.C 62 6.66% $4,082
PRIMELENDING, A PLAINSCAPITAL COMPANY 40 7.12% $4,979
SUCCESS MORTGAGE PARTNERS, INC. 39 6.82% $6,817
GVC MORTGAGE, INC. 39 6.93% $6,181
The Huntington National Bank 38 6.53% $3,771
Mercantile Bank of Michigan 37 6.77% $3,527
JPMorgan Chase Bank 37 6.72% $3,383
OAK MORTGAGE, LLC 36 6.87% $3,497
Horizon Bank 36 6.96% $4,452
SUMMIT HOME MORTGAGE, LLC 34 6.92% $4,348
Northpointe Bank 30 7.05% $4,361
PNC Bank 23 6.64% $3,940
UNION HOME MORTGAGE CORP. 21 7.11% $4,917
Flagstar Bank, FSB 21 6.98% $4,363
Pacor Mortgage Corp 20 6.86% $3,252
GUARANTEED RATE, INC. 19 6.86% $4,197
Independent Bank 19 6.80% $4,157
RUOFF MORTGAGE COMPANY, INC. 18 6.95% $3,796
CONTOUR MORTGAGE CORPORATION 18 6.62% $7,101
Kellogg Community Credit Union 17 6.93% $3,112
MICHIGAN MUTUAL, INC. 17 7.04% $5,077
Honor Credit Union 15 6.61% $4,926
Mr. Cooper ( Nationstar Mortgage ) 10 6.52% $7,176
U.S. Bank 9 6.54% $2,893
UNITED 9 7.04% $3,674
VAN DYK MORTGAGE CORPORATION 9 7.19% $3,310
Old National Bank 8 6.84% $3,229
CROSSCOUNTRY MORTGAGE, LLC 8 7.16% $5,769
OMNI Community Credit Union 8 6.70% $4,376
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 8 6.73% $3,691
1st Source Bank 8 4.16% $2,734
NORTHERN MORTGAGE SERVICES, LLC 7 6.87% $4,087
AMERISAVE MORTGAGE CORPORATION 7 6.39% $9,238
GUILD MORTGAGE COMPANY 6 6.87% $3,502
NEWREZ LLC 6 7.19% $4,233
Mortgage Research Center, LLC 6 6.79% $3,107
Wells Fargo Bank 6 6.63% $3,166
CHURCHILL MORTGAGE CORPORATION 5 6.65% $3,660
Stifel Bank and Trust 5 5.88% $2,782
Prosperity Home Mortgage, LLC 5 7.33% $6,594
The Dart Bank 5 6.73% $3,643
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 7.10% $4,876
MARSHALL COMMUNITY CREDIT UNION 5 6.65% $2,813
LOANDEPOT.COM, LLC 4 6.56% $7,117
MOVEMENT MORTGAGE, LLC 4 6.75% $3,661
Bank of America 4 6.25% $3,206
Citizens Bank 4 6.34% $3,864
KALSEE CREDIT UNION 4 6.72% $3,601
HOMESIDE FINANCIAL, LLC 3 7.41% $3,599
BLG HOLDINGS, INC. 3 7.04% $9,291
BROKER SOLUTIONS, INC. 3 6.91% $6,319
Comerica Bank 3 7.17% $2,550
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.58% $3,677
Macatawa Bank 3 6.33% $3,292
MICHIGAN FIRST CREDIT UNION 3 7.75% $3,604
MORTGAGE 1 INCORPORATED 3 6.67% $3,909
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.83% $9,911
NAVY FEDERAL CREDIT UNION 3 6.83% $3,901
ROYAL UNITED MORTGAGE LLC 3 6.96% $8,715
The Loan Store, Inc. 3 7.13% $6,061
ZILLOW HOME LOANS, LLC 3 7.25% $5,677
LAKEVIEW LOAN SERVICING, LLC 2 6.81% $5,001
FIRST COLONY MORTGAGE CORPORATION 2 7.63% $3,839
Colonial Savings, F.A. 2 6.06% $6,726
PENNYMAC LOAN SERVICES, LLC 2 7.25% $6,192
Regions Bank 2 5.81% $3,632
AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.38% $3,018
USAA Federal Savings Bank 2 6.69% $3,149
TOP FLITE FINANCIAL, INC. 2 7.00% $23,894
EVERETT FINANCIAL, INC. 2 6.69% $3,811
UIF CORPORATION 2 6.93% $3,745
Platinum Home Mortgage Corporation 2 6.69% $4,777
STAUNTON FINANCIAL, INC. 2 6.44% $3,183
ChoiceOne Bank 2 6.50% $4,804
FREEDOM MORTGAGE CORPORATION 2 7.19% $3,209
INSPIRE HOME LOANS INC. 2 6.44% $5,240
Ixonia Bank 2 6.81% $5,095
PREMIA MORTGAGE, LLC 2 7.56% $3,301
J. VIRGIL, INC. 2 6.87% $7,386
United Bank of Michigan 2 6.44% $2,403
GUIDANCE RESIDENTIAL, LLC 2 7.00% $4,188
NBKC BANK 2 6.50% $2,667
Northwest Bank 1 4.99% $8,089
DRAPER AND KRAMER MORTGAGE CORP. 1 6.25% $3,006
DOW CHEMICAL EMPLOYEES' 1 8.13% $10,358
Discover Bank 1 6.99% $0
DIGITAL Federal Credit Union 1 6.25% $3,151
PHH Mortgage Corporation 1 6.88% $10,325
Plains Commerce Bank 1 6.38% $5,297
PLANET HOME LENDING, LLC 1 6.63% $7,032
DFCU FINANCIAL 1 7.00% $2,937
Preston Home Loans Inc 1 7.00% $4,045
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.13% $6,479
COMPASS MORTGAGE, INC. 1 6.63% $3,696
COMMUNITY FINANCIAL CREDIT UNION 1 6.75% $3,182
RADIUS FINANCIAL GROUP INC. 1 5.50% $3,026
RELIANCE FIRST CAPITAL, LLC 1 6.99% $7,707
Waterstone Mortgage Corporation 1 6.99% $4,789
CIBM Bank 1 6.00% $2,999
SIRVA MORTGAGE, INC. 1 6.38% $2,450
Choice Financial Group 1 6.75% $5,602
Summit Credit Union 1 7.38% $2,228
Carrington Mortgage Services, LLC 1 6.25% $5,299
T2 FINANCIAL LLC 1 6.88% $3,815
TEACHERS CREDIT UNION 1 6.88% $3,104
CARDINAL FINANCIAL 1 5.88% $3,255
The Federal Savings Bank 1 6.38% $12,051
BM Real Estate Services, Inc. 1 6.63% $6,738
AAC Credit Union 1 7.25% $2,628
THE MORTGAGE LINK, INC. 1 7.88% $7,812
The State Bank and Trust Company 1 6.75% $2,942
TOTAL MORTGAGE SERVICES, LLC 1 6.13% $5,524
Union Bank 1 6.75% $2,492
BAY EQUITY LLC 1 6.99% $4,235
Baxter Credit Union 1 6.13% $7,237
HSBC BANK USA, NATIONAL ASSOCIATION 1 6.39% $3,560
HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.13% $4,442
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.63% $6,461
LAFCU 1 5.50% $3,444
Key Mortgage Services, Inc. 1 7.63% $7,752
Lake Huron Credit Union 1 8.13% $4,255
GUARANTEED RATE AFFINITY, LLC 1 6.88% $0
LEADERONE FINANCIAL CORPORATION 1 6.13% $4,085
GSF Mortgage Corporation 1 6.50% $3,363
GREENSTATE CREDIT UNION 1 5.88% $3,065
MEMBERS FIRST Credit Union 1 6.63% $2,243
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.88% $5,361
MICHIGAN SCHOOLS AND GOVERNMENT 1 6.00% $2,193
F&M Bank 1 6.13% $2,985
MMS MORTGAGE SERVICES, LTD. 1 6.13% $2,587
MORTGAGE ACCESS CORP. 1 6.75% $8,940
First National Bank of America 1 9.12% $9,466
First Merchants Bank 1 6.75% $5,119
First Federal Savings Bank 1 7.25% $6,015
First Federal Bank of the Midwest 1 5.75% $3,537
Ally Bank 1 7.50% $5,011
ALLIED MORTGAGE GROUP, INC. 1 7.63% $3,309
FIRST COMMUNITY MORTGAGE, INC. 1 7.50% $3,845
NexBank 1 6.38% $8,515
First American Bank 1 6.38% $3,631

KALAMAZOO - PORTAGE Average Closing Costs & Other Stats

KALAMAZOO-PORTAGE, MI's 147 lenders originated 5,458 loans during 2023. The total origination value was $1,063,970,000, with an average loan value of $194,938.

KALAMAZOO - PORTAGE's average closing costs are $3,893.

The top KALAMAZOO - PORTAGE lender as defined by loan originations is CONSUMERS, with 350 loans originated. Their average total fees are $3,400, which is $28 lower than the next largest lender, LAKE MICHIGAN CREDIT UNION.

The lowest fee KALAMAZOO - PORTAGE lenders (with over 10 loans originated) are Kellogg Community Credit Union ($3,112), Pacor Mortgage Corp ($3,252), JPMorgan Chase Bank ($3,383), CONSUMERS ($3,400) and LAKE MICHIGAN CREDIT UNION ($3,428).

The lowest rate KALAMAZOO - PORTAGE lenders (with over 10 loans originated) are ARBOR FINANCIAL CREDIT UNION (6.24%), Mr. Cooper ( Nationstar Mortgage ) (6.52%), The Huntington National Bank (6.53%), Honor Credit Union (6.61%) and CONTOUR MORTGAGE CORPORATION (6.62%).

KALAMAZOO-PORTAGE, MI 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
CONSUMERS $157,660,000 $120,495,000 -23.6% 11.3%
LAKE MICHIGAN CREDIT UNION $147,715,000 $103,605,000 -29.9% 9.7%
WALKER & DUNLOP, LLC $17,110,000 $62,615,000 266.0% 5.9%
ARBOR FINANCIAL CREDIT UNION $100,775,000 $54,910,000 -45.5% 5.2%
QUICKEN LOANS, LLC $67,310,000 $48,895,000 -27.4% 4.6%
UNITED WHOLESALE MORTGAGE, LLC $49,725,000 $37,415,000 -24.8% 3.5%
First Financial Bank $145,000 $33,640,000 23,100.0% 3.2%
ADVIA $42,315,000 $31,325,000 -26.0% 2.9%
Fifth Third Bank $57,960,000 $31,020,000 -46.5% 2.9%
Horizon Bank $44,145,000 $30,420,000 -31.1% 2.9%
Neighborhood Loans, Inc. $6,140,000 $24,405,000 297.5% 2.3%
PNC Bank $26,505,000 $21,250,000 -19.8% 2.0%
The Huntington National Bank $28,120,000 $21,035,000 -25.2% 2.0%
Honor Credit Union $28,690,000 $20,895,000 -27.2% 2.0%
MORTGAGE CENTER L.C $39,585,000 $17,470,000 -55.9% 1.6%
SUCCESS MORTGAGE PARTNERS, INC. $32,490,000 $16,790,000 -48.3% 1.6%
OAK MORTGAGE, LLC $10,265,000 $15,035,000 46.5% 1.4%
Mortgage Research Center, LLC $11,015,000 $13,820,000 25.5% 1.3%
GVC MORTGAGE, INC. $5,455,000 $12,900,000 136.5% 1.2%
Mercantile Bank of Michigan $27,240,000 $12,295,000 -54.9% 1.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $27,535,000 $11,385,000 -58.7% 1.1%
Kellogg Community Credit Union $18,745,000 $11,140,000 -40.6% 1.0%
United Bank of Michigan $585,000 $10,415,000 1,680.3% 1.0%
ORIX REAL ESTATE CAPITAL, LLC $9,995,000 n/a 0.9%
JPMorgan Chase Bank $17,400,000 $9,935,000 -42.9% 0.9%
Northpointe Bank $12,575,000 $9,460,000 -24.8% 0.9%
Old National Bank $48,195,000 $9,220,000 -80.9% 0.9%
SUMMIT HOME MORTGAGE, LLC $10,830,000 $8,490,000 -21.6% 0.8%
UNION HOME MORTGAGE CORP. $3,515,000 $8,005,000 127.7% 0.8%
GUARANTEED RATE, INC. $6,195,000 $7,955,000 28.4% 0.7%
Independent Bank $11,005,000 $7,635,000 -30.6% 0.7%
CONTOUR MORTGAGE CORPORATION $6,040,000 $7,015,000 16.1% 0.7%
21ST MORTGAGE CORPORATION $4,930,000 $6,980,000 41.6% 0.7%
Flagstar Bank, FSB $17,595,000 $6,160,000 -65.0% 0.6%
Pacor Mortgage Corp $9,675,000 $5,785,000 -40.2% 0.5%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $4,065,000 $5,455,000 34.2% 0.5%
MICHIGAN MUTUAL, INC. $3,040,000 $5,355,000 76.2% 0.5%
KALSEE CREDIT UNION $9,785,000 $5,315,000 -45.7% 0.5%
RUOFF MORTGAGE COMPANY, INC. $6,800,000 $4,850,000 -28.7% 0.5%
1st Source Bank $4,210,000 $4,840,000 15.0% 0.5%
FREEDOM MORTGAGE CORPORATION $7,525,000 $3,895,000 -48.2% 0.4%
CROSSCOUNTRY MORTGAGE, LLC $6,160,000 $3,730,000 -39.4% 0.4%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $7,565,000 $3,720,000 -50.8% 0.3%
Sturgis Bank & Trust Company $5,690,000 $3,715,000 -34.7% 0.3%
LOANDEPOT.COM, LLC $4,640,000 $3,620,000 -22.0% 0.3%
U.S. Bank $3,160,000 $3,605,000 14.1% 0.3%
AMERISAVE MORTGAGE CORPORATION $4,830,000 $3,565,000 -26.2% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $7,845,000 $3,425,000 -56.3% 0.3%
MARSHALL COMMUNITY CREDIT UNION $985,000 $3,340,000 239.1% 0.3%
OMNI Community Credit Union $5,315,000 $3,315,000 -37.6% 0.3%
PENNYMAC LOAN SERVICES, LLC $4,195,000 $3,180,000 -24.2% 0.3%
Comerica Bank $8,345,000 $3,100,000 -62.9% 0.3%
NAVY FEDERAL CREDIT UNION $5,665,000 $3,005,000 -47.0% 0.3%
USAA Federal Savings Bank $3,155,000 $3,005,000 -4.8% 0.3%
RF Renovo Management Company, LLC $2,995,000 n/a 0.3%
Bank of America $3,370,000 $2,975,000 -11.7% 0.3%
Prosperity Home Mortgage, LLC $285,000 $2,895,000 915.8% 0.3%
VAN DYK MORTGAGE CORPORATION $4,275,000 $2,670,000 -37.5% 0.3%
Carrington Mortgage Services, LLC $3,765,000 $2,585,000 -31.3% 0.2%
Wintrust Bank, N.A. $2,455,000 n/a 0.2%
Wells Fargo Bank $8,520,000 $2,400,000 -71.8% 0.2%
Citizens Bank $5,210,000 $2,395,000 -54.0% 0.2%
UNITED $2,255,000 $2,270,000 0.7% 0.2%
BROKER SOLUTIONS, INC. $2,125,000 $2,265,000 6.6% 0.2%
The Dart Bank $1,560,000 $2,215,000 42.0% 0.2%
NEWREZ LLC $3,910,000 $2,075,000 -46.9% 0.2%
First National Bank of Michigan $1,970,000 n/a 0.2%
Stifel Bank and Trust $405,000 $1,935,000 377.8% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $1,700,000 $1,925,000 13.2% 0.2%
MORTGAGE 1 INCORPORATED $4,470,000 $1,865,000 -58.3% 0.2%
LENDINGHOME FUNDING CORPORATION $3,245,000 $1,850,000 -43.0% 0.2%
Highpoint Community Bank $425,000 $1,760,000 314.1% 0.2%
First Merchants Bank $935,000 $1,725,000 84.5% 0.2%
GreenStone Farm Credit Services, FLCA $3,160,000 $1,565,000 -50.5% 0.1%
TOP FLITE FINANCIAL, INC. $1,610,000 $1,565,000 -2.8% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,735,000 $1,555,000 -10.4% 0.1%
Discover Bank $775,000 $1,490,000 92.3% 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $1,470,000 $1,435,000 -2.4% 0.1%
INSPIRE HOME LOANS INC. $1,410,000 n/a 0.1%
NORTHERN MORTGAGE SERVICES, LLC $1,485,000 $1,355,000 -8.8% 0.1%
Hinsdale Bank & Trust Company $1,335,000 n/a 0.1%
Macatawa Bank $2,835,000 $1,225,000 -56.8% 0.1%
Platinum Home Mortgage Corporation $560,000 $1,225,000 118.8% 0.1%
NBKC BANK $1,210,000 n/a 0.1%
MOVEMENT MORTGAGE, LLC $310,000 $1,150,000 271.0% 0.1%
FIRST COMMUNITY MORTGAGE, INC. $1,095,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $745,000 $1,090,000 46.3% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $165,000 $1,085,000 557.6% 0.1%
Regions Bank $1,080,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $2,945,000 $1,020,000 -65.4% 0.1%
PENTAGON FEDERAL CREDIT UNION $1,140,000 $1,010,000 -11.4% 0.1%
BLG HOLDINGS, INC. $255,000 $1,005,000 294.1% 0.1%
Figure Lending LLC $820,000 $985,000 20.1% 0.1%
Waterstone Mortgage Corporation $985,000 n/a 0.1%
GUILD MORTGAGE COMPANY $235,000 $970,000 312.8% 0.1%
ROYAL UNITED MORTGAGE LLC $500,000 $960,000 92.0% 0.1%
MICHIGAN FIRST CREDIT UNION $4,740,000 $935,000 -80.3% 0.1%
PLANET HOME LENDING, LLC $855,000 $900,000 5.3% 0.1%
FIRST STATE BANK $885,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $630,000 $840,000 33.3% 0.1%
MEMBER FIRST MORTGAGE, LLC $1,065,000 $835,000 -21.6% 0.1%
Ixonia Bank $165,000 $825,000 400.0% 0.1%
GUIDANCE RESIDENTIAL, LLC $375,000 $815,000 117.3% 0.1%
LAKEVIEW LOAN SERVICING, LLC $2,055,000 $810,000 -60.6% 0.1%
CARDINAL FINANCIAL $1,350,000 $805,000 -40.4% 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $105,000 $765,000 628.6% 0.1%
United Bay Community Credit Union $820,000 $720,000 -12.2% 0.1%
ChoiceOne Bank $395,000 $670,000 69.6% 0.1%
TRIAD FINANCIAL SERVICES, INC. $1,565,000 $660,000 -57.8% 0.1%
Coastal Community Bank $620,000 n/a 0.1%
NEW DAY FINANCIAL, LLC $1,270,000 $615,000 -51.6% 0.1%
Simmons Bank $585,000 n/a 0.1%
FIRST COLONY MORTGAGE CORPORATION $570,000 n/a 0.1%
The Loan Store, Inc. $145,000 $545,000 275.9% 0.1%
Equity Prime Mortgage LLC $425,000 $535,000 25.9% 0.1%
Plains Commerce Bank $500,000 $535,000 7.0% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $520,000 n/a 0.0%
STAUNTON FINANCIAL, INC. $750,000 $520,000 -30.7% 0.0%
COMMUNITY FINANCIAL CREDIT UNION $245,000 $505,000 106.1% 0.0%
UIF CORPORATION $360,000 $500,000 38.9% 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $310,000 $490,000 58.1% 0.0%
GUARANTEED RATE AFFINITY, LLC $485,000 n/a 0.0%
J. VIRGIL, INC. $480,000 n/a 0.0%
PREMIA MORTGAGE, LLC $2,285,000 $480,000 -79.0% 0.0%
Northwest Bank $685,000 $475,000 -30.7% 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $145,000 $460,000 217.2% 0.0%
Colonial Savings, F.A. $75,000 $450,000 500.0% 0.0%
DEEPHAVEN MORTGAGE LLC $445,000 n/a 0.0%
Preston Home Loans Inc $435,000 n/a 0.0%
DFCU FINANCIAL $110,000 $420,000 281.8% 0.0%
GSF Mortgage Corporation $420,000 n/a 0.0%
MILEND, INC. $410,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $2,205,000 $400,000 -81.9% 0.0%
Southern Michigan Bank & Trust $48,310,000 $400,000 -99.2% 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $700,000 $390,000 -44.3% 0.0%
VILLAGE CAPITAL MORTGAGE $220,000 $370,000 68.2% 0.0%
Magnolia Bank $255,000 $365,000 43.1% 0.0%
RELIANCE FIRST CAPITAL, LLC $580,000 $360,000 -37.9% 0.0%
Centier Bank $260,000 $355,000 36.5% 0.0%
Ally Bank $1,735,000 $345,000 -80.1% 0.0%
First National Bank of America $6,110,000 $345,000 -94.4% 0.0%
NexBank $345,000 n/a 0.0%
First Federal Bank of the Midwest $95,000 $335,000 252.6% 0.0%
DOW CHEMICAL EMPLOYEES' $780,000 $330,000 -57.7% 0.0%
DIGITAL Federal Credit Union $325,000 n/a 0.0%
First American Bank $315,000 n/a 0.0%
TEACHERS CREDIT UNION $80,000 $315,000 293.8% 0.0%
The Federal Savings Bank $355,000 $315,000 -11.3% 0.0%
Barrington Bank & Trust Company, N.A. $835,000 $305,000 -63.5% 0.0%
COMPASS MORTGAGE, INC. $295,000 n/a 0.0%
M&T Bank $1,290,000 $290,000 -77.5% 0.0%
HSBC BANK USA, NATIONAL ASSOCIATION $285,000 n/a 0.0%
PHH Mortgage Corporation $285,000 n/a 0.0%
THE MORTGAGE LINK, INC. $285,000 n/a 0.0%
The State Bank and Trust Company $285,000 n/a 0.0%
EVERETT FINANCIAL, INC. $2,380,000 $280,000 -88.2% 0.0%
Baxter Credit Union $335,000 $275,000 -17.9% 0.0%
FIRST CENTENNIAL MORTGAGE CORPORATION $275,000 n/a 0.0%
KeyBank $800,000 $275,000 -65.6% 0.0%
LAFCU $490,000 $265,000 -45.9% 0.0%
MORTGAGE ACCESS CORP. $225,000 $265,000 17.8% 0.0%
ROSS MORTGAGE CORPORATION $550,000 $265,000 -51.8% 0.0%
Union Savings Bank $265,000 n/a 0.0%
ALLIANT CREDIT UNION $205,000 $255,000 24.4% 0.0%
BM Real Estate Services, Inc. $255,000 n/a 0.0%
Century Mortgage Company DBA Century Lending Company $255,000 n/a 0.0%
CONSTRUCTIVE LOANS, LLC $255,000 n/a 0.0%
MICHIGAN SCHOOLS AND GOVERNMENT $225,000 $255,000 13.3% 0.0%
Choice Financial Group $245,000 n/a 0.0%
Key Mortgage Services, Inc. $465,000 $245,000 -47.3% 0.0%
LONGBRIDGE FINANCIAL, LLC $240,000 n/a 0.0%
Summit Credit Union $240,000 n/a 0.0%
ALLIED MORTGAGE GROUP, INC. $190,000 $235,000 23.7% 0.0%
F&M Bank $235,000 n/a 0.0%
SIRVA MORTGAGE, INC. $235,000 n/a 0.0%
CIBM Bank $225,000 n/a 0.0%
First Federal Savings Bank $55,000 $225,000 309.1% 0.0%
Mid-Continent Funding, Inc. $225,000 n/a 0.0%
CMG MORTGAGE, INC. $605,000 $215,000 -64.5% 0.0%
Commercial Bank $215,000 n/a 0.0%
Lake Huron Credit Union $215,000 n/a 0.0%
Lake Trust Credit Union $110,000 $215,000 95.5% 0.0%
GENISYS $95,000 $210,000 121.1% 0.0%
Grand River Bank $6,290,000 $205,000 -96.7% 0.0%
LIBERTY HOME MORTGAGE CORPORATION $205,000 n/a 0.0%
MEMBERS FIRST Credit Union $155,000 $205,000 32.3% 0.0%
Pinnacle Bank $205,000 n/a 0.0%
GREENSTATE CREDIT UNION $195,000 n/a 0.0%
LEADERONE FINANCIAL CORPORATION $195,000 n/a 0.0%
RADIUS FINANCIAL GROUP INC. $195,000 n/a 0.0%
SUN WEST MORTGAGE COMPANY, INC. $185,000 $195,000 5.4% 0.0%
T2 FINANCIAL LLC $145,000 $195,000 34.5% 0.0%
TOTAL MORTGAGE SERVICES, LLC $195,000 n/a 0.0%
GreenStone Farm Credit Services, ACA $245,000 $190,000 -22.4% 0.0%
Notre Dame Federal Credit Union Corporation $1,260,000 $180,000 -85.7% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $380,000 $175,000 -53.9% 0.0%
AXIA FINANCIAL, LLC $165,000 n/a 0.0%
Frankenmuth Credit Union $215,000 $165,000 -23.3% 0.0%
AAC Credit Union $265,000 $155,000 -41.5% 0.0%
NEXERA HOLDING LLC $155,000 n/a 0.0%
SECURITYNATIONAL MORTGAGE COMPANY $155,000 n/a 0.0%
BAY EQUITY LLC $145,000 n/a 0.0%
DUPACO COMMUNITY $145,000 n/a 0.0%
First Community Bank $145,000 n/a 0.0%
Parda Federal Credit Union $140,000 n/a 0.0%
Bank of England $135,000 n/a 0.0%
HOWARD HANNA FINANCIAL SERVICES, INC. $105,000 $135,000 28.6% 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $115,000 n/a 0.0%
INOVA FEDERAL CREDIT UNION $115,000 n/a 0.0%
Adventure Credit Union $110,000 n/a 0.0%
Commerce Home Mortgage, Inc. $105,000 n/a 0.0%
DOMINION FINANCIAL SERVICES, LLC $630,000 $105,000 -83.3% 0.0%
University Bank $105,000 n/a 0.0%
KINECTA $95,000 n/a 0.0%
Signature Federal Credit Union $75,000 n/a 0.0%
Union Bank $5,495,000 $75,000 -98.6% 0.0%
Isabella Bank $65,000 n/a 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $55,000 n/a 0.0%
West Michigan Credit Union $55,000 n/a 0.0%
MMS MORTGAGE SERVICES, LTD. $195,000 $45,000 -76.9% 0.0%
PREFERRED CREDIT UNION $445,000 $45,000 -89.9% 0.0%
VIBE CREDIT UNION $35,000 n/a 0.0%
WINGS FINANCIAL $35,000 n/a 0.0%
COMMUNITY CHOICE CREDIT UNION $155,000 $25,000 -83.9% 0.0%
Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%

KALAMAZOO - PORTAGE's top lender by overall market share is CONSUMERS, with 11.3% market share. In second place, with 9.7%, is LAKE MICHIGAN CREDIT UNION, having originated $103,605,000 in loans. In third place, with 5.9%, is WALKER & DUNLOP, LLC, having originated $62,615,000 in loans. In fourth place, with 5.2%, is ARBOR FINANCIAL CREDIT UNION, having originated $54,910,000 in loans. In fifth place, with 4.6%, is QUICKEN LOANS, LLC, having originated $48,895,000 in loans.


KALAMAZOO - PORTAGE Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - KALAMAZOO - PORTAGE (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 $196,250 (-2.6%) $273,353 (-12.6%) 0.73 550
2018-02-01 $207,225 (-14.7%) $282,733 (-15.2%) 0.75 502
2018-03-01 $240,000 (-5.3%) $324,828 (-6.2%) 0.84 469
2018-04-01 $268,950 (-0.4%) $340,615 (-3.6%) 0.91 476
2018-05-01 $279,900 (9.8%) $339,984 (1.3%) 0.93 526
2018-06-01 $272,875 (13.7%) $335,654 (7.2%) 0.91 581
2018-07-01 $253,900 (6.2%) $319,017 (2.3%) 0.85 623
2018-08-01 $239,900 (6.7%) $305,566 (2.8%) 0.80 712
2018-09-01 $230,000 (7.0%) $292,594 (0.6%) 0.77 768
2018-10-01 $229,900 (7.0%) $290,390 (0.1%) 0.78 786
2018-11-01 $227,750 (13.9%) $293,915 (3.6%) 0.77 743
2018-12-01 $229,000 (14.6%) $293,938 (5.3%) 0.79 654
2019-01-01 $224,900 (14.6%) $294,463 (7.7%) 0.78 593
2019-02-01 $229,450 (10.7%) $307,876 (8.9%) 0.78 528
2019-03-01 $256,214 (6.8%) $330,046 (1.6%) 0.84 509
2019-04-01 $279,900 (4.1%) $350,467 (2.9%) 0.89 520
2019-05-01 $290,950 (4.0%) $358,659 (5.5%) 0.91 533
2019-06-01 $274,900 (0.7%) $353,251 (5.2%) 0.86 614
2019-07-01 $260,600 (2.6%) $338,074 (6.0%) 0.82 663
2019-08-01 $247,245 (3.1%) $326,168 (6.7%) 0.78 725
2019-09-01 $243,114 (5.7%) $317,702 (8.6%) 0.78 770
2019-10-01 $239,900 (4.4%) $310,276 (6.9%) 0.77 795
2019-11-01 $234,900 (3.1%) $299,324 (1.8%) 0.77 739
2019-12-01 $229,900 (0.4%) $297,442 (1.2%) 0.77 641
2020-01-01 $230,000 (2.3%) $302,260 (2.7%) 0.77 572
2020-02-01 $249,500 (8.7%) $308,496 (0.2%) 0.82 541
2020-03-01 $282,400 (10.2%) $339,719 (2.9%) 0.89 493
2020-04-01 $289,900 (3.6%) $345,670 (-1.4%) 0.91 490
2020-05-01 $299,953 (3.1%) $369,309 (3.0%) 0.91 501
2020-06-01 $312,975 (13.9%) $377,930 (7.0%) 0.92 483
2020-07-01 $297,700 (14.2%) $365,692 (8.2%) 0.86 471
2020-08-01 $297,250 (20.2%) $353,736 (8.5%) 0.85 446
2020-09-01 $289,894 (19.2%) $345,386 (8.7%) 0.83 422
2020-10-01 $299,000 (24.6%) $349,504 (12.6%) 0.86 395
2020-11-01 $301,975 (28.6%) $358,872 (19.9%) 0.88 369
2020-12-01 $296,740 (29.1%) $352,676 (18.6%) 0.88 321
2021-01-01 $284,900 (23.9%) $352,941 (16.8%) 0.85 263
2021-02-01 $307,500 (23.3%) $368,558 (19.5%) 0.90 226
2021-03-01 $325,725 (15.3%) $379,405 (11.7%) 0.92 213
2021-04-01 $333,423 (15.0%) $389,711 (12.7%) 0.90 212
2021-05-01 $338,950 (13.0%) $379,376 (2.7%) 0.90 234
2021-06-01 $314,950 (0.6%) $362,239 (-4.2%) 0.83 258
2021-07-01 $298,444 (0.3%) $349,615 (-4.4%) 0.79 298
2021-08-01 $293,475 (-1.3%) $358,530 (1.4%) 0.78 326
2021-09-01 $281,250 (-3.0%) $356,149 (3.1%) 0.75 328
2021-10-01 $279,900 (-6.4%) $361,308 (3.4%) 0.75 320
2021-11-01 $270,200 (-10.5%) $357,492 (-0.4%) 0.72 293
2021-12-01 $258,450 (-12.9%) $345,859 (-1.9%) 0.70 219
2022-01-01 $271,000 (-4.9%) $350,880 (-0.6%) 0.73 146
2022-02-01 $307,400 (0.0%) $366,488 (-0.6%) 0.80 146
2022-03-01 $299,700 (-8.0%) $369,024 (-2.7%) 0.75 152
2022-04-01 $329,000 (-1.3%) $399,888 (2.6%) 0.78 160
2022-05-01 $303,704 (-10.4%) $411,225 (8.4%) 0.69 210
2022-06-01 $326,225 (3.6%) $418,185 (15.4%) 0.73 255
2022-07-01 $310,000 (3.9%) $403,187 (15.3%) 0.70 317
2022-08-01 $291,250 (-0.8%) $384,345 (7.2%) 0.67 364
2022-09-01 $295,000 (4.9%) $382,339 (7.4%) 0.69 339
2022-10-01 $288,250 (3.0%) $379,030 (4.9%) 0.68 389
2022-11-01 $279,945 (3.6%) $359,967 (0.7%) 0.67 397
2022-12-01 $275,000 (6.4%) $357,273 (3.3%) 0.68 333
2023-01-01 $295,993 (9.2%) $381,584 (8.8%) 0.73 276
2023-02-01 $304,700 (-0.9%) $393,334 (7.3%) 0.74 252
2023-03-01 $294,500 (-1.7%) $396,431 (7.4%) 0.69 227
2023-04-01 $345,000 (4.9%) $444,260 (11.1%) 0.80 217
2023-05-01 $334,900 (10.3%) $429,679 (4.5%) 0.76 249
2023-06-01 $331,627 (1.7%) $421,615 (0.8%) 0.75 296
2023-07-01 $325,000 (4.8%) $419,292 (4.0%) 0.74 326
2023-08-01 $318,900 (9.5%) $401,405 (4.4%) 0.73 344
2023-09-01 $309,990 (5.1%) $401,248 (5.0%) 0.72 359
2023-10-01 $304,450 (5.6%) $387,580 (2.3%) 0.72 367
2023-11-01 $289,150 (3.3%) $372,287 (3.4%) 0.69 383
2023-12-01 $284,900 (3.6%) $373,529 (4.6%) 0.69 370
2024-01-01 $294,975 (-0.3%) $378,359 (-0.9%) 0.72 331
2024-02-01 $329,900 (8.3%) $419,764 (6.7%) 0.79 308
2024-03-01 $350,000 (18.9%) $442,967 (11.7%) 0.82 301
2024-04-01 $372,400 (7.9%) $451,246 (1.6%) 0.87 318
2024-05-01 $398,757 (19.1%) $478,323 (11.3%) 0.90 344
2024-06-01 $374,900 (13.1%) $459,614 (9.0%) 0.84 376
2024-07-01 $374,925 (15.4%) $435,083 (3.8%) 0.86 384
2024-08-01 $369,900 (16.0%) $433,559 (8.0%) 0.86 429
2024-09-01 $359,975 (16.1%) $435,290 (8.5%) 0.85 477
2024-10-01 $330,694 (8.6%) $421,064 (8.6%) 0.78 472
KALAMAZOO - PORTAGE's median listing price for 2024-10-01 was $330,694, a difference of $26,244 (8.6%) versus the prior year and $-29,281 versus the prior month.

KALAMAZOO - PORTAGE's median listing price comes in at 78% of the national average.

KALAMAZOO - PORTAGE's average listing price for 2024-10-01 was $421,064, a difference of $33,484 (8.6%) versus the prior year and $-14,226 versus the prior month.

For the 2024-10-01 period, KALAMAZOO - PORTAGE had 472 MLS listings, a difference of -5 listings (-1%) versus the prior month and 105 listings (29%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - KALAMAZOO - PORTAGE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 68 days 1,902 sqft
2018-02-01 61 days 1,951 sqft
2018-03-01 44 days 2,100 sqft
2018-04-01 38 days 2,253 sqft
2018-05-01 31 days 2,356 sqft
2018-06-01 32 days 2,291 sqft
2018-07-01 36 days 2,238 sqft
2018-08-01 32 days 2,142 sqft
2018-09-01 39 days 2,121 sqft
2018-10-01 45 days 2,050 sqft
2018-11-01 50 days 1,994 sqft
2018-12-01 59 days 2,012 sqft
2019-01-01 66 days 1,940 sqft
2019-02-01 57 days 1,922 sqft
2019-03-01 46 days 2,061 sqft
2019-04-01 36 days 2,180 sqft
2019-05-01 32 days 2,254 sqft
2019-06-01 31 days 2,221 sqft
2019-07-01 34 days 2,197 sqft
2019-08-01 39 days 2,119 sqft
2019-09-01 41 days 2,097 sqft
2019-10-01 42 days 2,076 sqft
2019-11-01 46 days 2,048 sqft
2019-12-01 62 days 2,002 sqft
2020-01-01 70 days 2,004 sqft
2020-02-01 62 days 1,983 sqft
2020-03-01 50 days 2,068 sqft
2020-04-01 56 days 2,084 sqft
2020-05-01 65 days 2,197 sqft
2020-06-01 44 days 2,304 sqft
2020-07-01 45 days 2,194 sqft
2020-08-01 46 days 2,230 sqft
2020-09-01 46 days 2,087 sqft
2020-10-01 44 days 2,075 sqft
2020-11-01 47 days 2,075 sqft
2020-12-01 55 days 2,060 sqft
2021-01-01 58 days 1,894 sqft
2021-02-01 51 days 1,876 sqft
2021-03-01 45 days 1,975 sqft
2021-04-01 38 days 1,996 sqft
2021-05-01 30 days 2,003 sqft
2021-06-01 33 days 2,048 sqft
2021-07-01 32 days 1,988 sqft
2021-08-01 34 days 2,014 sqft
2021-09-01 39 days 1,965 sqft
2021-10-01 39 days 1,904 sqft
2021-11-01 43 days 1,880 sqft
2021-12-01 48 days 1,770 sqft
2022-01-01 55 days 1,800 sqft
2022-02-01 33 days 1,834 sqft
2022-03-01 31 days 1,809 sqft
2022-04-01 32 days 1,811 sqft
2022-05-01 25 days 1,849 sqft
2022-06-01 28 days 1,898 sqft
2022-07-01 31 days 1,873 sqft
2022-08-01 33 days 1,939 sqft
2022-09-01 42 days 1,976 sqft
2022-10-01 39 days 1,905 sqft
2022-11-01 41 days 1,880 sqft
2022-12-01 54 days 1,794 sqft
2023-01-01 52 days 1,803 sqft
2023-02-01 42 days 1,780 sqft
2023-03-01 44 days 1,741 sqft
2023-04-01 44 days 1,860 sqft
2023-05-01 33 days 1,842 sqft
2023-06-01 33 days 1,835 sqft
2023-07-01 37 days 1,832 sqft
2023-08-01 35 days 1,851 sqft
2023-09-01 39 days 1,840 sqft
2023-10-01 44 days 1,827 sqft
2023-11-01 38 days 1,802 sqft
2023-12-01 49 days 1,782 sqft
2024-01-01 65 days 1,779 sqft
2024-02-01 52 days 1,828 sqft
2024-03-01 45 days 1,904 sqft
2024-04-01 40 days 1,963 sqft
2024-05-01 36 days 2,020 sqft
2024-06-01 40 days 1,994 sqft
2024-07-01 44 days 2,015 sqft
2024-08-01 42 days 2,001 sqft
2024-09-01 40 days 1,959 sqft
2024-10-01 46 days 1,942 sqft
KALAMAZOO - PORTAGE's median listing age (time on market) for 2024-10-01 was 46 days. This is 5% longer than the same period one year ago.

KALAMAZOO - PORTAGE's median square footage for active listings during the 2024-10-01 period was 1,942 sqft. One year prior, the average listing was 1,827 sqft.

KALAMAZOO-PORTAGE, MI Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
49001 Kalamazoo-Portage, MI MSA $710 $830 $1,020 $1,340 $1,460
49002 Kalamazoo-Portage, MI MSA $650 $760 $930 $1,220 $1,330
49003 Kalamazoo-Portage, MI MSA $730 $860 $1,050 $1,380 $1,510
49004 Kalamazoo-Portage, MI MSA $810 $950 $1,160 $1,530 $1,660
49005 Kalamazoo-Portage, MI MSA $730 $860 $1,050 $1,380 $1,510
49006 Kalamazoo-Portage, MI MSA $710 $820 $1,010 $1,330 $1,450
49007 Kalamazoo-Portage, MI MSA $720 $840 $1,030 $1,360 $1,480
49008 Kalamazoo-Portage, MI MSA $680 $800 $980 $1,290 $1,410
49009 Kalamazoo-Portage, MI MSA $810 $950 $1,160 $1,530 $1,660
49011 Kalamazoo-Portage, MI MSA $750 $840 $1,030 $1,320 $1,500
49012 Kalamazoo-Portage, MI MSA $760 $890 $1,090 $1,430 $1,560
49015 Kalamazoo-Portage, MI MSA $770 $860 $1,060 $1,350 $1,550
49019 Kalamazoo-Portage, MI MSA $730 $860 $1,050 $1,380 $1,510
49024 Kalamazoo-Portage, MI MSA $830 $970 $1,190 $1,570 $1,710
49034 Kalamazoo-Portage, MI MSA $610 $710 $870 $1,140 $1,250
49041 Kalamazoo-Portage, MI MSA $730 $860 $1,050 $1,380 $1,510
49048 Kalamazoo-Portage, MI MSA $730 $850 $1,040 $1,370 $1,490
49052 Kalamazoo-Portage, MI MSA $640 $740 $910 $1,190 $1,310
49053 Kalamazoo-Portage, MI MSA $580 $680 $830 $1,090 $1,190
49060 Kalamazoo-Portage, MI MSA $650 $760 $930 $1,220 $1,330
49065 Kalamazoo-Portage, MI MSA $730 $850 $1,040 $1,380 $1,500
49071 Kalamazoo-Portage, MI MSA $800 $940 $1,150 $1,510 $1,650
49072 Kalamazoo-Portage, MI MSA $730 $860 $1,050 $1,380 $1,510
49074 Kalamazoo-Portage, MI MSA $730 $850 $1,040 $1,370 $1,490
49077 Kalamazoo-Portage, MI MSA $730 $860 $1,050 $1,380 $1,510
49078 Kalamazoo-Portage, MI MSA $750 $870 $1,070 $1,410 $1,540
49080 Kalamazoo-Portage, MI MSA $690 $810 $990 $1,300 $1,420
49081 Kalamazoo-Portage, MI MSA $730 $860 $1,050 $1,380 $1,510
49083 Kalamazoo-Portage, MI MSA $660 $770 $940 $1,240 $1,350
49087 Kalamazoo-Portage, MI MSA $660 $770 $940 $1,240 $1,350
49088 Kalamazoo-Portage, MI MSA $960 $1,120 $1,370 $1,800 $1,970
49097 Kalamazoo-Portage, MI MSA $630 $730 $900 $1,190 $1,290

2022 Average & Median Rent Data Statistics
KALAMAZOO-PORTAGE, MI average 1BR rent: $843, median: $850
KALAMAZOO-PORTAGE, MI average 2BR rent: $1,032, median: $1,040
KALAMAZOO-PORTAGE, MI average 3BR rent: $1,356, median: $1,370

KALAMAZOO-PORTAGE, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,844 $706,940,000 $248,572
Refi 777 $176,675,000 $227,381
Home Improvement 688 $48,860,000 $71,017
Other 645 $50,365,000 $78,085
Cash Out Refi 504 $81,130,000 $160,972

Kalamazoo - Portage's most frequently cited loan purpose was Home Purchase, with 2,844 originations. The 2nd most popular reason was Refi, with 777 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,807 $384,135,000 $212,582
7-8% 1,450 $288,460,000 $198,938
Over 8% 1,260 $113,820,000 $90,333
5-6% 779 $178,345,000 $228,941
4-5% 58 $48,350,000 $833,621
<2.5% 26 $11,060,000 $425,385
3-4% 10 $24,900,000 $2,490,000
2.5-3% 2 $520,000 $260,000

During 2023, Kalamazoo - Portage's most frequently originated rate bucket was 6-7%, with 1,807 originations.

Loan Sizing (KALAMAZOO-PORTAGE, MI MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 2,027 $106,795,000 $52,686
$100k-200k 1,674 $244,880,000 $146,284
$200k-400k 1,430 $384,040,000 $268,559
$400k-600k 215 $102,085,000 $474,814
$600k-1000k 78 $56,400,000 $723,077
$Over $1MM 34 $169,770,000 $4,993,235

KALAMAZOO - PORTAGE's loan sizing saw the bucket of loans from $100,000 or less with 2,027 originations, totaling $106,795,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,026 $498,450,000 $246,027
60-80% 1,037 $326,425,000 $314,778
Under 20% 968 $43,840,000 $45,289
20-40% 842 $76,670,000 $91,057
40-60% 481 $81,005,000 $168,410
Over 100% 34 $21,680,000 $637,647

KALAMAZOO - PORTAGE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,026 originations, totaling $498,450,000 in origination value.