Alma Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Alma averaged
6.17%
for the week of 2024-10-03, compared to the national average of
6.12% for the same period.
The average rate for the prior week (2024-09-26) was
6.33% and
one month ago for the week of 2024-08-29, the
average rate was 6.4%.
Alma's average rate one year ago was 7.16%.
For refis of the same type during the week of 2024-10-03, the average rate
was 6.22%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-03 | 6.12% |
Alma 30 Year Fixed Rate | 2024-10-03 | 6.17% |
Alma 30 Year Fixed Rate Refi | 2024-10-03 | 6.22% |
Alma 15 Year Fixed Rate | 2024-10-03 | 5.05% |
Alma 15 Year Fixed Rate Refi | 2024-10-03 | 5.85% |
Alma 30 Year FHA | 2024-10-03 | 5.79% |
Alma 30 Year FHA Refi | 2024-10-03 | 5.89% |
Alma 30 Year USDA | 2024-10-03 | 6.17% |
Alma 30 Year USDA Refi | 2024-10-03 | 5.97% |
Alma 30 Year VA | 2024-10-03 | 5.4% |
Alma 30 Year VA Refi | 2024-10-03 | 5.6% |
Alma 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 Alma, 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.).
Alma Average Closing Costs & Other Stats
Alma, MI's 54 lenders originated 579
loans during 2023. The total origination value was $79,205,000, with an average loan value of
$136,796.
Alma's average closing costs are $3,863.
The top Alma lender as defined by loan originations is Mercantile Bank of Michigan, with
26 loans originated. Their average total fees are
$3,215, which is $2,052
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Alma lenders (with over 10 loans originated) are
Mercantile Bank of Michigan ($3,215), UNITED WHOLESALE MORTGAGE, LLC ($4,975), QUICKEN LOANS, LLC ($5,268), CROSSCOUNTRY MORTGAGE, LLC ($5,344) and .
The lowest rate Alma lenders (with over 10 loans originated) are
Mercantile Bank of Michigan (6.64%), CROSSCOUNTRY MORTGAGE, LLC (6.74%), QUICKEN LOANS, LLC (6.84%), UNITED WHOLESALE MORTGAGE, LLC (7.01%) and .
Alma, 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 |
---|---|---|---|---|
PNC Bank | $100,000 | $6,600,000 | 6,500.0% | 8.3% |
QUICKEN LOANS, LLC | $11,265,000 | $6,505,000 | -42.3% | 8.2% |
Mercantile Bank of Michigan | $9,400,000 | $6,240,000 | -33.6% | 7.9% |
CROSSCOUNTRY MORTGAGE, LLC | $1,795,000 | $3,900,000 | 117.3% | 4.9% |
The Huntington National Bank | $3,985,000 | $3,795,000 | -4.8% | 4.8% |
Isabella Bank | $3,775,000 | $3,710,000 | -1.7% | 4.7% |
Commercial Bank | $7,380,000 | $3,560,000 | -51.8% | 4.5% |
UNITED WHOLESALE MORTGAGE, LLC | $1,920,000 | $3,440,000 | 79.2% | 4.3% |
ACADEMY MORTGAGE CORPORATION | $3,240,000 | $2,700,000 | -16.7% | 3.4% |
The Dart Bank | $4,780,000 | $2,365,000 | -50.5% | 3.0% |
GreenStone Farm Credit Services, FLCA | $4,890,000 | $2,175,000 | -55.5% | 2.7% |
Preston Home Loans Inc | $655,000 | $2,155,000 | 229.0% | 2.7% |
BM Real Estate Services, Inc. | $960,000 | $1,915,000 | 99.5% | 2.4% |
Mortgage Research Center, LLC | $2,210,000 | $1,560,000 | -29.4% | 2.0% |
MORTGAGE 1 INCORPORATED | $1,460,000 | $1,385,000 | -5.1% | 1.7% |
UNION HOME MORTGAGE CORP. | $2,275,000 | $1,355,000 | -40.4% | 1.7% |
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $1,150,000 | $1,170,000 | 1.7% | 1.5% |
MMS MORTGAGE SERVICES, LTD. | $1,105,000 | $1,140,000 | 3.2% | 1.4% |
Neighborhood Loans, Inc. | $195,000 | $1,070,000 | 448.7% | 1.4% |
Independent Bank | $760,000 | $965,000 | 27.0% | 1.2% |
Fifth Third Bank | $930,000 | $920,000 | -1.1% | 1.2% |
MICHIGAN ONE COMMUNITY Credit Union | $1,815,000 | $885,000 | -51.2% | 1.1% |
SUCCESS MORTGAGE PARTNERS, INC. | $1,545,000 | $815,000 | -47.2% | 1.0% |
Horizon Bank | $205,000 | $800,000 | 290.2% | 1.0% |
PFCU | $155,000 | $645,000 | 316.1% | 0.8% |
Flagstar Bank, FSB | $1,345,000 | $630,000 | -53.2% | 0.8% |
STAUNTON FINANCIAL, INC. | $610,000 | n/a | 0.8% | |
Old National Bank | $605,000 | n/a | 0.8% | |
LAKE MICHIGAN CREDIT UNION | $715,000 | $600,000 | -16.1% | 0.8% |
NAVY FEDERAL CREDIT UNION | $125,000 | $595,000 | 376.0% | 0.8% |
LOANDEPOT.COM, LLC | $450,000 | $570,000 | 26.7% | 0.7% |
MORTGAGE CENTER L.C | $1,685,000 | $565,000 | -66.5% | 0.7% |
PENNYMAC LOAN SERVICES, LLC | $495,000 | $530,000 | 7.1% | 0.7% |
JPMorgan Chase Bank | $335,000 | $455,000 | 35.8% | 0.6% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $410,000 | $445,000 | 8.5% | 0.6% |
Mr. Cooper ( Nationstar Mortgage ) | $595,000 | $430,000 | -27.7% | 0.5% |
CARDINAL FINANCIAL | $1,145,000 | $425,000 | -62.9% | 0.5% |
USAA Federal Savings Bank | $685,000 | $390,000 | -43.1% | 0.5% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $385,000 | n/a | 0.5% | |
LOANPAL, LLC | $115,000 | $355,000 | 208.7% | 0.4% |
Equity Prime Mortgage LLC | $350,000 | n/a | 0.4% | |
CALIBER HOME LOANS, INC. | $390,000 | $345,000 | -11.5% | 0.4% |
Quontic Bank | $325,000 | n/a | 0.4% | |
VAN DYK MORTGAGE CORPORATION | $365,000 | $300,000 | -17.8% | 0.4% |
21ST MORTGAGE CORPORATION | $305,000 | $275,000 | -9.8% | 0.3% |
MID AMERICA MORTGAGE, INC. | $1,030,000 | $270,000 | -73.8% | 0.3% |
FIRST COMMUNITY MORTGAGE, INC. | $75,000 | $260,000 | 246.7% | 0.3% |
Northpointe Bank | $255,000 | n/a | 0.3% | |
NEW DAY FINANCIAL, LLC | $840,000 | $250,000 | -70.2% | 0.3% |
VILLAGE CAPITAL MORTGAGE | $245,000 | n/a | 0.3% | |
GUILD MORTGAGE COMPANY | $235,000 | n/a | 0.3% | |
Citizens Bank | $315,000 | $230,000 | -27.0% | 0.3% |
DOW CHEMICAL EMPLOYEES' | $1,025,000 | $220,000 | -78.5% | 0.3% |
PLAZA HOME MORTGAGE, INC. | $135,000 | $215,000 | 59.3% | 0.3% |
Consumers Professional Credit Union | $210,000 | n/a | 0.3% | |
GENEVA FINANCIAL, LLC | $300,000 | $210,000 | -30.0% | 0.3% |
Bank of America | $185,000 | $195,000 | 5.4% | 0.2% |
MEMBER FIRST MORTGAGE, LLC | $705,000 | $195,000 | -72.3% | 0.2% |
NORTHERN MORTGAGE SERVICES, LLC | $295,000 | $195,000 | -33.9% | 0.2% |
Carrington Mortgage Services, LLC | $285,000 | $190,000 | -33.3% | 0.2% |
MEMBERS FIRST Credit Union | $530,000 | $190,000 | -64.2% | 0.2% |
NEWREZ LLC | $305,000 | $185,000 | -39.3% | 0.2% |
BLG HOLDINGS, INC. | $1,855,000 | $175,000 | -90.6% | 0.2% |
Nations Lending Corporation | $85,000 | $175,000 | 105.9% | 0.2% |
Platinum Home Mortgage Corporation | $95,000 | $175,000 | 84.2% | 0.2% |
Northstar Bank | $165,000 | n/a | 0.2% | |
TRIAD FINANCIAL SERVICES, INC. | $105,000 | $165,000 | 57.1% | 0.2% |
ZILLOW HOME LOANS, LLC | $155,000 | $165,000 | 6.5% | 0.2% |
Frankenmuth Credit Union | $1,285,000 | $155,000 | -87.9% | 0.2% |
J. VIRGIL, INC. | $790,000 | $155,000 | -80.4% | 0.2% |
MICHIGAN FIRST CREDIT UNION | $155,000 | n/a | 0.2% | |
Ally Bank | $135,000 | $145,000 | 7.4% | 0.2% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $145,000 | n/a | 0.2% | |
TOP FLITE FINANCIAL, INC. | $465,000 | $145,000 | -68.8% | 0.2% |
FREEDOM MORTGAGE CORPORATION | $875,000 | $125,000 | -85.7% | 0.2% |
RUOFF MORTGAGE COMPANY, INC. | $480,000 | $125,000 | -74.0% | 0.2% |
CONSUMERS | $710,000 | $115,000 | -83.8% | 0.1% |
RBC Bank, (Georgia) | $115,000 | n/a | 0.1% | |
LAFCU | $330,000 | $110,000 | -66.7% | 0.1% |
BROKER SOLUTIONS, INC. | $865,000 | $105,000 | -87.9% | 0.1% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $105,000 | n/a | 0.1% | |
GUARANTEED RATE, INC. | $105,000 | n/a | 0.1% | |
JOLT CREDIT UNION | $470,000 | $105,000 | -77.7% | 0.1% |
LEGEND LENDING CORPORATION | $355,000 | $105,000 | -70.4% | 0.1% |
MICHIGAN SCHOOLS AND GOVERNMENT | $105,000 | n/a | 0.1% | |
RELIANCE FIRST CAPITAL, LLC | $105,000 | n/a | 0.1% | |
AMERICAN FINANCIAL RESOURCES, INC. | $165,000 | $95,000 | -42.4% | 0.1% |
CREDIT UNION ONE | $60,000 | $90,000 | 50.0% | 0.1% |
Adventure Credit Union | $25,000 | $85,000 | 240.0% | 0.1% |
CHURCHILL MORTGAGE CORPORATION | $105,000 | $85,000 | -19.0% | 0.1% |
TEAM ONE CREDIT UNION | $85,000 | n/a | 0.1% | |
Wells Fargo Bank | $750,000 | $85,000 | -88.7% | 0.1% |
Sidney State Bank | $310,000 | $80,000 | -74.2% | 0.1% |
1st State Financial, Ltd. | $75,000 | $75,000 | 0.0% | 0.1% |
Deere Employees Credit Union | $75,000 | n/a | 0.1% | |
FINANCIAL PLUS CREDIT UNION | $35,000 | $75,000 | 114.3% | 0.1% |
First State Bank | $75,000 | n/a | 0.1% | |
ALLIANT CREDIT UNION | $55,000 | n/a | 0.1% | |
Coastal Community Bank | $55,000 | n/a | 0.1% | |
Figure Lending LLC | $35,000 | $50,000 | 42.9% | 0.1% |
Lakeview Community Capital, LLC | $45,000 | n/a | 0.1% | |
ASTERA | $25,000 | $35,000 | 40.0% | 0.0% |
GENISYS | $260,000 | $25,000 | -90.4% | 0.0% |
Lake Trust Credit Union | $115,000 | $25,000 | -78.3% | 0.0% |
Meijer Credit Union | $25,000 | n/a | 0.0% |
Alma's top lender by overall market share is PNC Bank, with 8.3% market share. In second place, with 8.2%, is QUICKEN LOANS, LLC, having originated $6,505,000 in loans. In third place, with 7.9%, is Mercantile Bank of Michigan, having originated $6,240,000 in loans. In fourth place, with 4.9%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $3,900,000 in loans. In fifth place, with 4.8%, is The Huntington National Bank, having originated $3,795,000 in loans.
Alma Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Alma (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $87,400 (-12.5%) | $112,982 (-10.1%) | 0.00 | 135 |
2018-02-01 | $84,675 (-15.2%) | $114,882 (-6.0%) | 0.00 | 132 |
2018-03-01 | $82,450 (-17.4%) | $115,176 (-9.6%) | 0.00 | 141 |
2018-04-01 | $84,450 (-16.8%) | $115,644 (-10.4%) | 0.00 | 141 |
2018-05-01 | $89,075 (-10.8%) | $126,365 (-1.7%) | 0.00 | 146 |
2018-06-01 | $94,900 (-3.7%) | $135,945 (5.6%) | 0.00 | 153 |
2018-07-01 | $97,175 (-1.8%) | $134,250 (4.3%) | 0.00 | 163 |
2018-08-01 | $105,000 (5.1%) | $145,598 (12.3%) | 0.00 | 161 |
2018-09-01 | $105,000 (3.5%) | $143,891 (10.7%) | 0.00 | 154 |
2018-10-01 | $102,450 (2.6%) | $145,120 (14.1%) | 0.00 | 156 |
2018-11-01 | $97,125 (6.2%) | $133,685 (9.5%) | 0.00 | 154 |
2018-12-01 | $88,900 (-1.1%) | $126,798 (10.5%) | 0.00 | 146 |
2019-01-01 | $88,800 (1.6%) | $127,448 (12.8%) | 0.00 | 136 |
2019-02-01 | $87,450 (3.3%) | $127,097 (10.6%) | 0.00 | 130 |
2019-03-01 | $89,386 (8.4%) | $122,859 (6.7%) | 0.00 | 128 |
2019-04-01 | $96,900 (14.7%) | $128,434 (11.1%) | 0.00 | 133 |
2019-05-01 | $98,100 (10.1%) | $131,239 (3.9%) | 0.00 | 129 |
2019-06-01 | $99,900 (5.3%) | $136,844 (0.7%) | 0.00 | 135 |
2019-07-01 | $99,900 (2.8%) | $130,959 (-2.5%) | 0.00 | 132 |
2019-08-01 | $108,518 (3.4%) | $131,768 (-9.5%) | 0.00 | 129 |
2019-09-01 | $109,295 (4.1%) | $128,884 (-10.4%) | 0.00 | 130 |
2019-10-01 | $112,663 (10.0%) | $129,346 (-10.9%) | 0.00 | 118 |
2019-11-01 | $107,400 (10.6%) | $130,701 (-2.2%) | 0.00 | 91 |
2019-12-01 | $134,975 (51.8%) | $143,449 (13.1%) | 0.00 | 81 |
2020-01-01 | $119,900 (35.0%) | $134,833 (5.8%) | 0.00 | 79 |
2020-02-01 | $119,900 (37.1%) | $133,035 (4.7%) | 0.00 | 81 |
2020-03-01 | $110,700 (23.9%) | $134,974 (9.9%) | 0.00 | 72 |
2020-04-01 | $119,900 (23.7%) | $141,375 (10.1%) | 0.00 | 66 |
2020-05-01 | $114,900 (17.1%) | $141,888 (8.1%) | 0.00 | 66 |
2020-06-01 | $146,175 (46.3%) | $158,947 (16.2%) | 0.00 | 57 |
2020-07-01 | $136,850 (37.0%) | $165,997 (26.8%) | 0.00 | 58 |
2020-08-01 | $119,900 (10.5%) | $153,905 (16.8%) | 0.00 | 63 |
2020-09-01 | $129,900 (18.9%) | $181,538 (40.9%) | 0.00 | 55 |
2020-10-01 | $129,900 (15.3%) | $178,078 (37.7%) | 0.00 | 60 |
2020-11-01 | $127,600 (18.8%) | $170,360 (30.3%) | 0.00 | 66 |
2020-12-01 | $124,900 (-7.5%) | $171,917 (19.9%) | 0.00 | 61 |
2021-01-01 | $124,900 (4.2%) | $163,026 (20.9%) | 0.00 | 54 |
2021-02-01 | $124,900 (4.2%) | $174,144 (30.9%) | 0.00 | 35 |
2021-03-01 | $131,200 (18.5%) | $191,583 (41.9%) | 0.00 | 35 |
2021-04-01 | $133,950 (11.7%) | $189,522 (34.1%) | 0.00 | 30 |
2021-05-01 | $149,900 (30.5%) | $195,946 (38.1%) | 0.00 | 35 |
2021-06-01 | $176,400 (20.7%) | $198,816 (25.1%) | 0.00 | 43 |
2021-07-01 | $162,400 (18.7%) | $200,908 (21.0%) | 0.00 | 52 |
2021-08-01 | $161,250 (34.5%) | $200,269 (30.1%) | 0.00 | 65 |
2021-09-01 | $141,800 (9.2%) | $190,094 (4.7%) | 0.00 | 74 |
2021-10-01 | $134,950 (3.9%) | $186,481 (4.7%) | 0.00 | 72 |
2021-11-01 | $129,575 (1.6%) | $177,121 (4.0%) | 0.00 | 62 |
2021-12-01 | $135,175 (8.2%) | $192,178 (11.8%) | 0.00 | 48 |
2022-01-01 | $169,000 (35.3%) | $219,647 (34.7%) | 0.00 | 43 |
2022-02-01 | $147,500 (18.1%) | $204,086 (17.2%) | 0.00 | 35 |
2022-03-01 | $165,925 (26.5%) | $218,142 (13.9%) | 0.00 | 33 |
2022-04-01 | $149,900 (11.9%) | $193,808 (2.3%) | 0.00 | 45 |
2022-05-01 | $159,875 (6.7%) | $207,162 (5.7%) | 0.00 | 51 |
2022-06-01 | $164,925 (-6.5%) | $227,682 (14.5%) | 0.00 | 53 |
2022-07-01 | $179,900 (10.8%) | $246,127 (22.5%) | 0.00 | 60 |
2022-08-01 | $182,450 (13.2%) | $245,149 (22.4%) | 0.00 | 71 |
2022-09-01 | $167,200 (17.9%) | $227,328 (19.6%) | 0.00 | 76 |
2022-10-01 | $167,000 (23.8%) | $224,329 (20.3%) | 0.00 | 78 |
2022-11-01 | $169,925 (31.1%) | $222,608 (25.7%) | 0.00 | 87 |
2022-12-01 | $155,500 (15.0%) | $206,296 (7.4%) | 0.00 | 73 |
2023-01-01 | $149,675 (-11.4%) | $214,139 (-2.5%) | 0.00 | 62 |
2023-02-01 | $160,000 (8.5%) | $218,497 (7.1%) | 0.00 | 46 |
2023-03-01 | $170,675 (2.9%) | $226,207 (3.7%) | 0.00 | 42 |
2023-04-01 | $169,850 (13.3%) | $215,092 (11.0%) | 0.00 | 33 |
2023-05-01 | $219,475 (37.3%) | $256,208 (23.7%) | 0.00 | 35 |
2023-06-01 | $210,975 (27.9%) | $264,729 (16.3%) | 0.00 | 35 |
2023-07-01 | $199,000 (10.6%) | $259,304 (5.4%) | 0.00 | 41 |
2023-08-01 | $185,950 (1.9%) | $242,994 (-0.9%) | 0.00 | 49 |
2023-09-01 | $182,000 (8.9%) | $228,094 (0.3%) | 0.00 | 48 |
2023-10-01 | $184,000 (10.2%) | $219,045 (-2.4%) | 0.00 | 58 |
2023-11-01 | $183,000 (7.7%) | $226,233 (1.6%) | 0.00 | 68 |
2023-12-01 | $179,000 (15.1%) | $220,125 (6.7%) | 0.00 | 53 |
2024-01-01 | $177,800 (18.8%) | $222,336 (3.8%) | 0.00 | 45 |
2024-02-01 | $169,500 (5.9%) | $215,988 (-1.2%) | 0.00 | 46 |
2024-03-01 | $180,000 (5.5%) | $230,466 (1.9%) | 0.00 | 48 |
2024-04-01 | $179,950 (6.0%) | $220,791 (2.7%) | 0.00 | 53 |
2024-05-01 | $179,725 (-18.1%) | $221,905 (-13.4%) | 0.00 | 48 |
2024-06-01 | $189,900 (-10.0%) | $231,321 (-12.6%) | 0.00 | 54 |
2024-07-01 | $224,950 (13.0%) | $238,488 (-8.0%) | 0.00 | 54 |
2024-08-01 | $252,450 (35.8%) | $250,136 (2.9%) | 0.00 | 66 |
2024-09-01 | $229,575 (26.1%) | $249,060 (9.2%) | 0.00 | 77 |
Alma's median listing price comes in at 0% of the national average.
Alma's average listing price for 2024-09-01 was $249,060, a difference of $20,966 (9.2%) versus the prior year and $-1,076 versus the prior month.
For the 2024-09-01 period, Alma had 77 MLS listings, a difference of 11 listings (17%) versus the prior month and 29 listings (60%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Alma (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,523 sqft |
2018-02-01 | 0 days | 1,512 sqft |
2018-03-01 | 0 days | 1,460 sqft |
2018-04-01 | 0 days | 1,454 sqft |
2018-05-01 | 0 days | 1,479 sqft |
2018-06-01 | 0 days | 1,506 sqft |
2018-07-01 | 0 days | 1,546 sqft |
2018-08-01 | 0 days | 1,562 sqft |
2018-09-01 | 0 days | 1,557 sqft |
2018-10-01 | 0 days | 1,579 sqft |
2018-11-01 | 0 days | 1,500 sqft |
2018-12-01 | 0 days | 1,450 sqft |
2019-01-01 | 0 days | 1,450 sqft |
2019-02-01 | 0 days | 1,473 sqft |
2019-03-01 | 0 days | 1,471 sqft |
2019-04-01 | 0 days | 1,499 sqft |
2019-05-01 | 0 days | 1,507 sqft |
2019-06-01 | 0 days | 1,612 sqft |
2019-07-01 | 0 days | 1,600 sqft |
2019-08-01 | 0 days | 1,568 sqft |
2019-09-01 | 0 days | 1,558 sqft |
2019-10-01 | 0 days | 1,579 sqft |
2019-11-01 | 0 days | 1,600 sqft |
2019-12-01 | 0 days | 1,760 sqft |
2020-01-01 | 0 days | 1,736 sqft |
2020-02-01 | 0 days | 1,702 sqft |
2020-03-01 | 0 days | 1,576 sqft |
2020-04-01 | 0 days | 1,653 sqft |
2020-05-01 | 0 days | 1,569 sqft |
2020-06-01 | 0 days | 1,775 sqft |
2020-07-01 | 0 days | 1,703 sqft |
2020-08-01 | 0 days | 1,680 sqft |
2020-09-01 | 0 days | 1,708 sqft |
2020-10-01 | 0 days | 1,660 sqft |
2020-11-01 | 0 days | 1,653 sqft |
2020-12-01 | 0 days | 1,600 sqft |
2021-01-01 | 0 days | 1,570 sqft |
2021-02-01 | 0 days | 1,511 sqft |
2021-03-01 | 0 days | 1,509 sqft |
2021-04-01 | 0 days | 1,593 sqft |
2021-05-01 | 0 days | 1,726 sqft |
2021-06-01 | 0 days | 1,728 sqft |
2021-07-01 | 0 days | 1,749 sqft |
2021-08-01 | 0 days | 1,590 sqft |
2021-09-01 | 0 days | 1,536 sqft |
2021-10-01 | 0 days | 1,552 sqft |
2021-11-01 | 0 days | 1,458 sqft |
2021-12-01 | 0 days | 1,458 sqft |
2022-01-01 | 0 days | 1,633 sqft |
2022-02-01 | 0 days | 1,566 sqft |
2022-03-01 | 0 days | 1,601 sqft |
2022-04-01 | 0 days | 1,604 sqft |
2022-05-01 | 0 days | 1,642 sqft |
2022-06-01 | 0 days | 1,657 sqft |
2022-07-01 | 0 days | 1,681 sqft |
2022-08-01 | 0 days | 1,708 sqft |
2022-09-01 | 0 days | 1,654 sqft |
2022-10-01 | 0 days | 1,669 sqft |
2022-11-01 | 0 days | 1,716 sqft |
2022-12-01 | 0 days | 1,653 sqft |
2023-01-01 | 0 days | 1,612 sqft |
2023-02-01 | 0 days | 1,614 sqft |
2023-03-01 | 0 days | 1,477 sqft |
2023-04-01 | 0 days | 1,573 sqft |
2023-05-01 | 0 days | 1,805 sqft |
2023-06-01 | 0 days | 1,853 sqft |
2023-07-01 | 0 days | 1,878 sqft |
2023-08-01 | 0 days | 1,771 sqft |
2023-09-01 | 0 days | 1,690 sqft |
2023-10-01 | 0 days | 1,758 sqft |
2023-11-01 | 0 days | 1,844 sqft |
2023-12-01 | 0 days | 1,860 sqft |
2024-01-01 | 0 days | 1,791 sqft |
2024-02-01 | 0 days | 1,752 sqft |
2024-03-01 | 0 days | 1,755 sqft |
2024-04-01 | 0 days | 1,622 sqft |
2024-05-01 | 0 days | 1,759 sqft |
2024-06-01 | 0 days | 1,788 sqft |
2024-07-01 | 0 days | 1,792 sqft |
2024-08-01 | 0 days | 1,798 sqft |
2024-09-01 | 0 days | 1,778 sqft |
Alma's median square footage for active listings during the 2024-09-01 period was 1,778 sqft. One year prior, the average listing was 1,690 sqft.
Alma, MI Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 355 | $54,175,000 | $152,606 |
Cash Out Refi | 72 | $8,130,000 | $112,917 |
Home Improvement | 61 | $3,335,000 | $54,672 |
Other | 61 | $3,635,000 | $59,590 |
Refi | 30 | $9,930,000 | $331,000 |
Alma's most frequently cited loan purpose was Home Purchase, with 355 originations. The 2nd most popular reason was Cash Out Refi, with 72 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 213 | $30,335,000 | $142,418 |
7-8% | 155 | $22,125,000 | $142,742 |
Over 8% | 105 | $6,485,000 | $61,762 |
5-6% | 57 | $14,865,000 | $260,789 |
<2.5% | 6 | $40,000 | $6,667 |
4-5% | 2 | $360,000 | $180,000 |
During 2023, Alma's most frequently originated rate bucket was 6-7%, with 213 originations.
Loan Sizing (Alma, MI MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 255 | $13,945,000 | $54,686 |
$100k-200k | 242 | $34,420,000 | $142,231 |
$200k-400k | 68 | $17,900,000 | $263,235 |
$400k-600k | 10 | $4,580,000 | $458,000 |
$600k-1000k | 3 | $1,995,000 | $665,000 |
$Over $1MM | 1 | $6,365,000 | $6,365,000 |
Alma's loan sizing saw the bucket of loans from $100,000 or less with 255 originations, totaling $13,945,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 262 | $42,370,000 | $161,718 |
60-80% | 82 | $12,440,000 | $151,707 |
Under 20% | 69 | $2,025,000 | $29,348 |
20-40% | 66 | $3,870,000 | $58,636 |
40-60% | 50 | $12,130,000 | $242,600 |
Over 100% | 5 | $1,075,000 | $215,000 |
Alma's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 262 originations, totaling $42,370,000 in origination value.