Alma Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Alma averaged
6.75%
for the week of 2025-04-03, compared to the national average of
6.64% for the same period.
The average rate for the prior week (2025-03-27) was
6.96% and
one month ago for the week of 2025-02-27, the
average rate was 6.67%.
Alma's average rate one year ago was 7.1%.
For refis of the same type during the week of 2025-04-03, the average rate
was 6.84%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-04-03 | 6.64% |
| Alma 30 Year Fixed Rate | 2025-04-03 | 6.75% |
| Alma 30 Year Fixed Rate Refi | 2025-04-03 | 6.84% |
| Alma 15 Year Fixed Rate | 2025-04-03 | 6.02% |
| Alma 15 Year Fixed Rate Refi | 2025-04-03 | 6.32% |
| Alma 30 Year FHA | 2025-04-03 | 6.2% |
| Alma 30 Year FHA Refi | 2025-04-03 | 6.16% |
| Alma 30 Year USDA | 2025-04-03 | 6.42% |
| Alma 30 Year USDA Refi | 2025-04-03 | 6.22% |
| Alma 30 Year VA | 2025-04-03 | 5.96% |
| Alma 30 Year VA Refi | 2025-04-03 | 6.06% |
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 60 lenders originated 622
loans during 2024. The total origination value was $85,440,000, with an average loan value of
$137,363.
Alma's average closing costs are $4,042.
The top Alma lender as defined by loan originations is Mercantile Bank of Michigan, with
31 loans originated. Their average total fees are
$3,252, which is $2,067
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Alma lenders (with over 10 loans originated) are
Mercantile Bank of Michigan ($3,252), Isabella Bank ($3,344), UNITED WHOLESALE MORTGAGE, LLC ($4,485), CROSSCOUNTRY MORTGAGE, LLC ($4,982) and QUICKEN LOANS, LLC ($5,318).
The lowest rate Alma lenders (with over 10 loans originated) are
Isabella Bank (6.13%), Mercantile Bank of Michigan (6.81%), CROSSCOUNTRY MORTGAGE, LLC (6.83%), QUICKEN LOANS, LLC (6.96%) and UNITED WHOLESALE MORTGAGE, LLC (6.98%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Mercantile Bank of Michigan | $6,240,000 | $8,440,000 | 35.3% | 9.9% |
| QUICKEN LOANS, LLC | $6,505,000 | $8,300,000 | 27.6% | 9.7% |
| Isabella Bank | $3,710,000 | $6,420,000 | 73.0% | 7.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,900,000 | $4,250,000 | 9.0% | 5.0% |
| Commercial Bank | $3,560,000 | $3,980,000 | 11.8% | 4.7% |
| The Huntington National Bank | $3,795,000 | $3,920,000 | 3.3% | 4.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $3,440,000 | $3,780,000 | 9.9% | 4.4% |
| Preston Home Loans Inc | $2,155,000 | $3,100,000 | 43.9% | 3.6% |
| The Dart Bank | $2,365,000 | $2,980,000 | 26.0% | 3.5% |
| Mortgage Research Center, LLC | $1,560,000 | $1,915,000 | 22.8% | 2.2% |
| GreenStone Farm Credit Services, FLCA | $2,175,000 | $1,820,000 | -16.3% | 2.1% |
| Regions Bank | $1,675,000 | n/a | 2.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $260,000 | $1,610,000 | 519.2% | 1.9% |
| First National Bank of America | $1,590,000 | n/a | 1.9% | |
| PENNYMAC LOAN SERVICES, LLC | $530,000 | $1,505,000 | 184.0% | 1.8% |
| UNION HOME MORTGAGE CORP. | $1,355,000 | $1,500,000 | 10.7% | 1.8% |
| MMS MORTGAGE SERVICES, LTD. | $1,140,000 | $1,440,000 | 26.3% | 1.7% |
| PNC Bank | $6,600,000 | $1,055,000 | -84.0% | 1.2% |
| MORTGAGE 1 INCORPORATED | $1,385,000 | $1,000,000 | -27.8% | 1.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $430,000 | $995,000 | 131.4% | 1.2% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $1,170,000 | $960,000 | -17.9% | 1.1% |
| STAUNTON FINANCIAL, INC. | $610,000 | $960,000 | 57.4% | 1.1% |
| NEWREZ LLC | $185,000 | $915,000 | 394.6% | 1.1% |
| Fifth Third Bank | $920,000 | $850,000 | -7.6% | 1.0% |
| J. VIRGIL, INC. | $155,000 | $815,000 | 425.8% | 1.0% |
| Flagstar Bank, FSB | $630,000 | $710,000 | 12.7% | 0.8% |
| GUILD MORTGAGE COMPANY | $235,000 | $660,000 | 180.9% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $125,000 | $650,000 | 420.0% | 0.8% |
| BROKER SOLUTIONS, INC. | $105,000 | $640,000 | 509.5% | 0.7% |
| ZILLOW HOME LOANS, LLC | $165,000 | $635,000 | 284.8% | 0.7% |
| MEMBERS FIRST Credit Union | $190,000 | $620,000 | 226.3% | 0.7% |
| PLAZA HOME MORTGAGE, INC. | $215,000 | $615,000 | 186.0% | 0.7% |
| 21ST MORTGAGE CORPORATION | $275,000 | $520,000 | 89.1% | 0.6% |
| USAA Federal Savings Bank | $390,000 | $470,000 | 20.5% | 0.6% |
| Carrington Mortgage Services, LLC | $190,000 | $425,000 | 123.7% | 0.5% |
| LOANDEPOT.COM, LLC | $570,000 | $425,000 | -25.4% | 0.5% |
| MICHIGAN ONE COMMUNITY Credit Union | $885,000 | $410,000 | -53.7% | 0.5% |
| Independent Bank | $965,000 | $400,000 | -58.5% | 0.5% |
| EVERETT FINANCIAL, INC. | $360,000 | n/a | 0.4% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $350,000 | n/a | 0.4% | |
| GENISYS | $25,000 | $340,000 | 1,260.0% | 0.4% |
| Citizens Bank | $230,000 | $325,000 | 41.3% | 0.4% |
| Wildfire Credit Union | $325,000 | n/a | 0.4% | |
| TOWNE MORTGAGE COMPANY | $320,000 | n/a | 0.4% | |
| LAFCU | $110,000 | $315,000 | 186.4% | 0.4% |
| LAKE MICHIGAN CREDIT UNION | $600,000 | $310,000 | -48.3% | 0.4% |
| BM Real Estate Services, Inc. | $1,915,000 | $305,000 | -84.1% | 0.4% |
| MORTGAGE CENTER L.C | $565,000 | $305,000 | -46.0% | 0.4% |
| Prosperity Home Mortgage, LLC | $305,000 | n/a | 0.4% | |
| TEAM ONE CREDIT UNION | $85,000 | $305,000 | 258.8% | 0.4% |
| Discover Bank | $300,000 | n/a | 0.4% | |
| OAK MORTGAGE, LLC | $285,000 | n/a | 0.3% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $145,000 | $280,000 | 93.1% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $280,000 | n/a | 0.3% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $95,000 | $270,000 | 184.2% | 0.3% |
| DAS Acquisition Company, LLC | $260,000 | n/a | 0.3% | |
| TRIAD FINANCIAL SERVICES, INC. | $165,000 | $250,000 | 51.5% | 0.3% |
| BLG HOLDINGS, INC. | $175,000 | $245,000 | 40.0% | 0.3% |
| VAN DYK MORTGAGE CORPORATION | $300,000 | $240,000 | -20.0% | 0.3% |
| CREDIT UNION ONE | $90,000 | $230,000 | 155.6% | 0.3% |
| FBC MORTGAGE, LLC | $230,000 | n/a | 0.3% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $445,000 | $225,000 | -49.4% | 0.3% |
| Quontic Bank | $325,000 | $225,000 | -30.8% | 0.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $385,000 | $215,000 | -44.2% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $595,000 | $205,000 | -65.5% | 0.2% |
| PHH Mortgage Corporation | $205,000 | n/a | 0.2% | |
| Honor Credit Union | $190,000 | n/a | 0.2% | |
| JPMorgan Chase Bank | $455,000 | $185,000 | -59.3% | 0.2% |
| THE MORTGAGE LINK, INC. | $185,000 | n/a | 0.2% | |
| Dort Financial Credit Union | $175,000 | n/a | 0.2% | |
| GENEVA FINANCIAL, LLC | $210,000 | $175,000 | -16.7% | 0.2% |
| MICHIGAN FIRST CREDIT UNION | $155,000 | $175,000 | 12.9% | 0.2% |
| Figure Lending LLC | $50,000 | $170,000 | 240.0% | 0.2% |
| CARDINAL FINANCIAL | $425,000 | $165,000 | -61.2% | 0.2% |
| GVC MORTGAGE, INC. | $165,000 | n/a | 0.2% | |
| CONSUMERS | $115,000 | $155,000 | 34.8% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $155,000 | n/a | 0.2% | |
| NEW DAY FINANCIAL, LLC | $250,000 | $155,000 | -38.0% | 0.2% |
| RUOFF MORTGAGE COMPANY, INC. | $125,000 | $155,000 | 24.0% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $145,000 | n/a | 0.2% | |
| MICHIGAN SCHOOLS AND GOVERNMENT | $105,000 | $145,000 | 38.1% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $140,000 | n/a | 0.2% | |
| Commerce Home Mortgage, Inc. | $135,000 | n/a | 0.2% | |
| Plains Commerce Bank | $135,000 | n/a | 0.2% | |
| DOW CHEMICAL EMPLOYEES' | $220,000 | $125,000 | -43.2% | 0.1% |
| Frankenmuth Credit Union | $155,000 | $125,000 | -19.4% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $245,000 | $115,000 | -53.1% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $815,000 | $110,000 | -86.5% | 0.1% |
| Capital Bank | $105,000 | n/a | 0.1% | |
| COMMUNITY FIRST | $105,000 | n/a | 0.1% | |
| Sidney State Bank | $80,000 | $95,000 | 18.8% | 0.1% |
| ADVIA | $85,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $85,000 | n/a | 0.1% | |
| Lake Huron Credit Union | $85,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $270,000 | $85,000 | -68.5% | 0.1% |
| Coastal Community Bank | $55,000 | $75,000 | 36.4% | 0.1% |
| ALLIANT CREDIT UNION | $55,000 | $55,000 | 0.0% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $195,000 | $55,000 | -71.8% | 0.1% |
| EVERENCE FEDERAL CREDIT UNION | $35,000 | n/a | 0.0% | |
| ASTERA | $35,000 | $25,000 | -28.6% | 0.0% |
| FINANCIAL PLUS CREDIT UNION | $75,000 | $15,000 | -80.0% | 0.0% |
| First State Bank | $75,000 | $15,000 | -80.0% | 0.0% |
Alma's top lender by overall market share is Mercantile Bank of Michigan, with 9.9% market share. In second place, with 9.7%, is QUICKEN LOANS, LLC, having originated $8,300,000 in loans. In third place, with 7.5%, is Isabella Bank, having originated $6,420,000 in loans. In fourth place, with 5.0%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $4,250,000 in loans. In fifth place, with 4.7%, is Commercial Bank, having originated $3,980,000 in loans.
Alma Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Alma (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 | $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%) | $146,261 (12.8%) | 0.00 | 160 |
| 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 | 155 |
| 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 (-9.9%) | 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 | $150,575 (20.6%) | $207,365 (19.1%) | 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 (6.3%) | $218,497 (5.4%) | 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%) | $220,393 (-14.0%) | 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 |
| 2024-10-01 | $223,225 (21.3%) | $242,909 (10.9%) | 0.00 | 75 |
| 2024-11-01 | $199,000 (8.7%) | $220,467 (-2.6%) | 0.00 | 86 |
| 2024-12-01 | $196,725 (9.9%) | $215,985 (-1.9%) | 0.00 | 83 |
| 2025-01-01 | $173,350 (-2.5%) | $194,987 (-12.3%) | 0.00 | 72 |
| 2025-02-01 | $167,500 (-1.2%) | $202,765 (-6.1%) | 0.00 | 75 |
| 2025-03-01 | $214,700 (19.3%) | $226,604 (-1.7%) | 0.00 | 62 |
Alma's median listing price comes in at 0% of the national average.
Alma's average listing price for 2025-03-01 was $226,604, a difference of $-3,862 (-1.7%) versus the prior year and $23,839 versus the prior month.
For the 2025-03-01 period, Alma had 62 MLS listings, a difference of -13 listings (-17%) versus the prior month and 14 listings (29%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Alma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | 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 | 1,559 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 | 1,556 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 | 1,846 sqft |
| 2023-12-01 | 0 days | 1,863 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 | 1,758 sqft |
| 2024-06-01 | 0 days | 1,758 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 |
| 2024-10-01 | 0 days | 1,809 sqft |
| 2024-11-01 | 0 days | 1,753 sqft |
| 2024-12-01 | 0 days | 1,713 sqft |
| 2025-01-01 | 0 days | 1,566 sqft |
| 2025-02-01 | 0 days | 1,573 sqft |
| 2025-03-01 | 0 days | 1,560 sqft |
Alma's median square footage for active listings during the 2025-03-01 period was 1,560 sqft. One year prior, the average listing was 1,755 sqft.
Alma, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 356 | $59,550,000 | $167,275 |
| Cash Out Refi | 90 | $11,120,000 | $123,556 |
| Home Improvement | 63 | $2,945,000 | $46,746 |
| Other | 61 | $3,765,000 | $61,721 |
| Refi | 52 | $8,060,000 | $155,000 |
Alma's most frequently cited loan purpose was Home Purchase, with 356 originations. The 2nd most popular reason was Cash Out Refi, with 90 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 270 | $40,610,000 | $150,407 |
| 7-8% | 134 | $20,100,000 | $150,000 |
| Over 8% | 120 | $7,760,000 | $64,667 |
| 5-6% | 57 | $11,335,000 | $198,860 |
| <2.5% | 3 | $25,000 | $8,333 |
| 4-5% | 1 | $55,000 | $55,000 |
During 2024, Alma's most frequently originated rate bucket was 6-7%, with 270 originations.
Loan Sizing (Alma, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 269 | $39,505,000 | $146,859 |
| $100,000 or less | 246 | $13,590,000 | $55,244 |
| $200k-400k | 96 | $24,970,000 | $260,104 |
| $400k-600k | 7 | $3,255,000 | $465,000 |
| $600k-1000k | 2 | $1,430,000 | $715,000 |
| $Over $1MM | 2 | $2,690,000 | $1,345,000 |
Alma's loan sizing saw the bucket of loans from $100k-200k with 269 originations, totaling $39,505,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 274 | $45,730,000 | $166,898 |
| 60-80% | 119 | $21,015,000 | $176,597 |
| Under 20% | 73 | $2,485,000 | $34,041 |
| 20-40% | 66 | $3,940,000 | $59,697 |
| 40-60% | 44 | $5,350,000 | $121,591 |
| Over 100% | 3 | $365,000 | $121,667 |
Alma's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 274 originations, totaling $45,730,000 in origination value.