Alma 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 Alma averaged 7% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 7.13% and one month ago for the week of 2023-02-09, the average rate was 6.42%.

    Alma's average rate one year ago was 3.77%.

    For refis of the same type during the week of 2023-03-16, the average rate was 7.36%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Alma 30 Year Fixed Rate 2023-03-16 7%
    Alma 30 Year Fixed Rate Refi 2023-03-16 7.36%
    Alma 15 Year Fixed Rate 2023-03-16 7.28%
    Alma 15 Year Fixed Rate Refi 2023-03-16 6.47%
    Alma 30 Year FHA 2023-03-16 6.62%
    Alma 30 Year FHA Refi 2023-03-16 6.4%
    Alma 30 Year USDA 2023-03-16 7%
    Alma 30 Year USDA Refi 2023-03-16 6.4%
    Alma 30 Year VA 2023-03-16 6.56%
    Alma 30 Year VA Refi 2023-03-16 5.91%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Alma, MI.

    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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mercantile Bank of Michigan 47 5.64% $3,064
    QUICKEN LOANS, LLC 24 4.86% $6,467
    Commercial Bank 21 4.79% $2,963
    ACADEMY MORTGAGE CORPORATION 11 4.63% $4,580
    UNION HOME MORTGAGE CORP. 11 5.98% $4,682
    Isabella Bank 10 4.79% $2,620
    GreenStone Farm Credit Services, FLCA 9 5.69% $4,362
    CROSSCOUNTRY MORTGAGE, LLC 8 5.77% $4,595
    The Dart Bank 8 4.95% $3,826
    The Huntington National Bank 7 5.90% $2,715
    Frankenmuth Credit Union 7 5.46% $2,060
    UNITED WHOLESALE MORTGAGE, LLC 6 5.74% $4,588
    MICHIGAN ONE COMMUNITY Credit Union 6 4.98% $3,194
    MORTGAGE CENTER L.C 5 4.83% $2,435
    MMS MORTGAGE SERVICES, LTD. 4 5.12% $2,841
    MEMBER FIRST MORTGAGE, LLC 4 5.03% $2,581
    Wanigas Credit Union 4 4.88% $2,221
    CONSUMERS 4 6.47% $2,591
    DOW CHEMICAL EMPLOYEES' 4 4.78% $4,123
    BLG HOLDINGS, INC. 4 4.84% $5,285
    Fifth Third Bank 4 5.53% $3,517
    Flagstar Bank, FSB 3 5.37% $3,258
    SUCCESS MORTGAGE PARTNERS, INC. 3 4.91% $7,738
    MORTGAGE 1 INCORPORATED 3 5.04% $4,450
    Independent Bank 3 5.33% $3,209
    Wildfire Credit Union 2 5.88% $2,455
    AMERIFIRST FINANCIAL CORPORATION 2 6.44% $6,167
    BETTER MORTGAGE CORPORATION 2 4.19% $6,118
    BROKER SOLUTIONS, INC. 2 5.06% $5,789
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 7.50% $4,905
    EVERETT FINANCIAL, INC. 2 6.75% $1,685
    J. VIRGIL, INC. 2 6.50% $8,149
    LAFCU 2 5.69% $3,354
    LEGEND LENDING CORPORATION 2 5.75% $3,324
    LOANDEPOT.COM, LLC 2 5.50% $3,825
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 2 3.69% $4,112
    North American Savings Bank, F.S.B. 2 5.38% $1,701
    PENNYMAC LOAN SERVICES, LLC 2 5.87% $4,412
    STOCKTON MORTGAGE CORPORATION 2 5.94% $4,388
    TOP FLITE FINANCIAL, INC. 2 6.38% $7,030
    Wells Fargo Bank 2 3.88% $6,715
    MEMBERS FIRST Credit Union 1 6.25% $2,637
    HOME POINT FINANCIAL CORPORATION 1 5.38% $2,879
    Michigan Educational Credit Union 1 6.75% $8,217
    MICHIGAN MUTUAL, INC. 1 7.50% $3,652
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.38% $4,772
    CHERRY CREEK MORTGAGE, LLC 1 3.88% $743
    MID AMERICA MORTGAGE, INC. 1 4.38% $3,418
    GENISYS 1 6.13% $2,356
    FREEDOM MORTGAGE CORPORATION 1 6.50% $4,498
    First Merchants Bank 1 3.63% $3,074
    MOVEMENT MORTGAGE, LLC 1 6.99% $4,590
    Mr. Cooper ( Nationstar Mortgage ) 1 5.49% $4,720
    Nations Lending Corporation 1 3.99% $5,159
    NAVY FEDERAL CREDIT UNION 1 5.63% $5,928
    CALIBER HOME LOANS, INC. 1 4.63% $6,418
    OMNI Community Credit Union 1 5.75% $10,516
    VAN DYK MORTGAGE CORPORATION 1 6.38% $0
    PFCU 1 3.88% $2,563
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.99% $3,088
    First Guaranty Mortgage Corporation 1 5.50% $4,627
    RUOFF MORTGAGE COMPANY, INC. 1 5.50% $2,912
    Sierra Pacific Mortgage Company, Inc. 1 4.75% $3,745
    Ally Bank 1 3.50% $1,481
    Hometown Lenders, Inc. 1 5.38% $5,383
    JPMorgan Chase Bank 1 7.25% $1,991
    FIRST COMMUNITY MORTGAGE, INC. 1 6.50% $5,527
    ENVOY MORTGAGE, LTD 1 6.88% $3,406
    LAKE MICHIGAN CREDIT UNION 1 4.00% $2,676
    LAKEVIEW LOAN SERVICING, LLC 1 4.63% $1,435
    CITIZENS EQUITY FIRST 1 5.38% $3,821
    1st State Financial, Ltd. 1 3.00% $1,897
    Luxury Mortgage Corp. 1 6.75% $7,250
    HOMESIDE FINANCIAL, LLC 1 5.88% $5,494

    Alma Average Closing Costs & Other Stats

    Alma, MI's 74 lenders originated 804 loans during 2022. The total origination value was $106,590,000, with an average loan value of $132,575.

    Alma's average closing costs are $3,697.

    The top Alma lender as defined by loan originations is Mercantile Bank of Michigan, with 47 loans originated. Their average total fees are $3,064, which is $3,403 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Alma lenders (with over 10 loans originated) are Isabella Bank ($2,620), Commercial Bank ($2,963), Mercantile Bank of Michigan ($3,064), ACADEMY MORTGAGE CORPORATION ($4,580) and UNION HOME MORTGAGE CORP. ($4,682).

    The lowest rate Alma lenders (with over 10 loans originated) are ACADEMY MORTGAGE CORPORATION (4.63%), Isabella Bank (4.79%), Commercial Bank (4.79%), QUICKEN LOANS, LLC (4.86%) and Mercantile Bank of Michigan (5.64%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    QUICKEN LOANS, LLC $16,985,000 $11,265,000 -33.7% 10.6%
    Mercantile Bank of Michigan $26,290,000 $9,400,000 -64.2% 8.8%
    Commercial Bank $11,000,000 $7,380,000 -32.9% 6.9%
    GreenStone Farm Credit Services, FLCA $2,285,000 $4,890,000 114.0% 4.6%
    The Dart Bank $3,585,000 $4,780,000 33.3% 4.5%
    The Huntington National Bank $7,455,000 $3,985,000 -46.5% 3.7%
    Isabella Bank $6,620,000 $3,775,000 -43.0% 3.5%
    ACADEMY MORTGAGE CORPORATION $4,005,000 $3,240,000 -19.1% 3.0%
    UNION HOME MORTGAGE CORP. $3,905,000 $2,275,000 -41.7% 2.1%
    Mortgage Research Center, LLC $1,915,000 $2,210,000 15.4% 2.1%
    UNITED WHOLESALE MORTGAGE, LLC $3,655,000 $1,920,000 -47.5% 1.8%
    BLG HOLDINGS, INC. $2,020,000 $1,855,000 -8.2% 1.7%
    MICHIGAN ONE COMMUNITY Credit Union $2,565,000 $1,815,000 -29.2% 1.7%
    CROSSCOUNTRY MORTGAGE, LLC $1,175,000 $1,795,000 52.8% 1.7%
    MORTGAGE CENTER L.C $1,025,000 $1,685,000 64.4% 1.6%
    SUCCESS MORTGAGE PARTNERS, INC. $865,000 $1,545,000 78.6% 1.4%
    MORTGAGE 1 INCORPORATED $2,025,000 $1,460,000 -27.9% 1.4%
    Flagstar Bank, FSB $2,195,000 $1,345,000 -38.7% 1.3%
    Frankenmuth Credit Union $640,000 $1,285,000 100.8% 1.2%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $1,450,000 $1,150,000 -20.7% 1.1%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $855,000 $1,145,000 33.9% 1.1%
    MMS MORTGAGE SERVICES, LTD. $1,600,000 $1,105,000 -30.9% 1.0%
    AMERIFIRST FINANCIAL CORPORATION $660,000 $1,100,000 66.7% 1.0%
    MID AMERICA MORTGAGE, INC. $820,000 $1,030,000 25.6% 1.0%
    DOW CHEMICAL EMPLOYEES' $1,400,000 $1,025,000 -26.8% 1.0%
    BM Real Estate Services, Inc. $2,970,000 $960,000 -67.7% 0.9%
    HOME POINT FINANCIAL CORPORATION $315,000 $950,000 201.6% 0.9%
    Fifth Third Bank $2,250,000 $930,000 -58.7% 0.9%
    FREEDOM MORTGAGE CORPORATION $2,280,000 $875,000 -61.6% 0.8%
    BROKER SOLUTIONS, INC. $580,000 $865,000 49.1% 0.8%
    EVERETT FINANCIAL, INC. $850,000 n/a 0.8%
    NEW DAY FINANCIAL, LLC $800,000 $840,000 5.0% 0.8%
    J. VIRGIL, INC. $255,000 $790,000 209.8% 0.7%
    Wildfire Credit Union $360,000 $790,000 119.4% 0.7%
    Independent Bank $2,675,000 $760,000 -71.6% 0.7%
    Wells Fargo Bank $770,000 $750,000 -2.6% 0.7%
    LAKE MICHIGAN CREDIT UNION $135,000 $715,000 429.6% 0.7%
    CONSUMERS $710,000 n/a 0.7%
    MEMBER FIRST MORTGAGE, LLC $670,000 $705,000 5.2% 0.7%
    USAA Federal Savings Bank $1,295,000 $685,000 -47.1% 0.6%
    Preston Home Loans Inc $655,000 n/a 0.6%
    STOCKTON MORTGAGE CORPORATION $380,000 $625,000 64.5% 0.6%
    BETTER MORTGAGE CORPORATION $1,120,000 $610,000 -45.5% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $905,000 $595,000 -34.3% 0.6%
    MEMBERS FIRST Credit Union $535,000 $530,000 -0.9% 0.5%
    PENNYMAC LOAN SERVICES, LLC $470,000 $495,000 5.3% 0.5%
    RUOFF MORTGAGE COMPANY, INC. $480,000 n/a 0.5%
    JOLT CREDIT UNION $470,000 n/a 0.4%
    TOP FLITE FINANCIAL, INC. $640,000 $465,000 -27.3% 0.4%
    LOANDEPOT.COM, LLC $1,135,000 $450,000 -60.4% 0.4%
    Michigan Educational Credit Union $435,000 n/a 0.4%
    ENVOY MORTGAGE, LTD $305,000 $430,000 41.0% 0.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $760,000 $410,000 -46.1% 0.4%
    Wanigas Credit Union $155,000 $400,000 158.1% 0.4%
    CALIBER HOME LOANS, INC. $1,695,000 $390,000 -77.0% 0.4%
    VAN DYK MORTGAGE CORPORATION $380,000 $365,000 -3.9% 0.3%
    LEGEND LENDING CORPORATION $355,000 n/a 0.3%
    ROSS MORTGAGE CORPORATION $270,000 $350,000 29.6% 0.3%
    JPMorgan Chase Bank $395,000 $335,000 -15.2% 0.3%
    LAFCU $25,000 $330,000 1,220.0% 0.3%
    Citizens Bank $365,000 $315,000 -13.7% 0.3%
    Sidney State Bank $200,000 $310,000 55.0% 0.3%
    21ST MORTGAGE CORPORATION $120,000 $305,000 154.2% 0.3%
    CITIZENS EQUITY FIRST $305,000 n/a 0.3%
    NEWREZ LLC $435,000 $305,000 -29.9% 0.3%
    GENEVA FINANCIAL, LLC $255,000 $300,000 17.6% 0.3%
    NORTHERN MORTGAGE SERVICES, LLC $105,000 $295,000 181.0% 0.3%
    Carrington Mortgage Services, LLC $490,000 $285,000 -41.8% 0.3%
    OMNI Community Credit Union $285,000 n/a 0.3%
    FINANCE OF AMERICA MORTGAGE LLC $670,000 $275,000 -59.0% 0.3%
    Bank of England $200,000 $270,000 35.0% 0.3%
    MOVEMENT MORTGAGE, LLC $230,000 $265,000 15.2% 0.2%
    GENISYS $105,000 $260,000 147.6% 0.2%
    Hometown Lenders, Inc. $260,000 n/a 0.2%
    AmeriHome Mortgage Company, LLC $255,000 n/a 0.2%
    GSF Mortgage Corporation $255,000 n/a 0.2%
    NBKC BANK $255,000 n/a 0.2%
    LAKEVIEW LOAN SERVICING, LLC $385,000 $240,000 -37.7% 0.2%
    First Merchants Bank $235,000 n/a 0.2%
    CHERRY CREEK MORTGAGE, LLC $225,000 n/a 0.2%
    North American Savings Bank, F.S.B. $210,000 n/a 0.2%
    Horizon Bank $205,000 n/a 0.2%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $195,000 n/a 0.2%
    Luxury Mortgage Corp. $195,000 n/a 0.2%
    Neighborhood Loans, Inc. $95,000 $195,000 105.3% 0.2%
    Bank of America $775,000 $185,000 -76.1% 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $165,000 n/a 0.2%
    DFCU FINANCIAL $105,000 $165,000 57.1% 0.2%
    PFCU $130,000 $155,000 19.2% 0.1%
    ZILLOW HOME LOANS, LLC $135,000 $155,000 14.8% 0.1%
    MICHIGAN MUTUAL, INC. $155,000 $145,000 -6.5% 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $345,000 $145,000 -58.0% 0.1%
    Ally Bank $695,000 $135,000 -80.6% 0.1%
    PLAZA HOME MORTGAGE, INC. $275,000 $135,000 -50.9% 0.1%
    NAVY FEDERAL CREDIT UNION $125,000 n/a 0.1%
    TOWNE MORTGAGE COMPANY $600,000 $125,000 -79.2% 0.1%
    AMERISAVE MORTGAGE CORPORATION $460,000 $115,000 -75.0% 0.1%
    Citadel Servicing Corporation $115,000 n/a 0.1%
    Lake Trust Credit Union $130,000 $115,000 -11.5% 0.1%
    LOANPAL, LLC $115,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $135,000 $105,000 -22.2% 0.1%
    First Guaranty Mortgage Corporation $340,000 $105,000 -69.1% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $130,000 $105,000 -19.2% 0.1%
    PNC Bank $1,050,000 $100,000 -90.5% 0.1%
    AMERICAN FINANCING CORPORATION $155,000 $95,000 -38.7% 0.1%
    HOMESIDE FINANCIAL, LLC $125,000 $95,000 -24.0% 0.1%
    Platinum Home Mortgage Corporation $95,000 n/a 0.1%
    Dort Financial Credit Union $85,000 $85,000 0.0% 0.1%
    Nations Lending Corporation $105,000 $85,000 -19.0% 0.1%
    1st State Financial, Ltd. $65,000 $75,000 15.4% 0.1%
    CASE $75,000 n/a 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $75,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $75,000 n/a 0.1%
    CREDIT UNION ONE $60,000 n/a 0.1%
    Bank of Ann Arbor $55,000 n/a 0.1%
    Sierra Pacific Mortgage Company, Inc. $55,000 n/a 0.1%
    SPRING EQ, LLC $55,000 $45,000 -18.2% 0.0%
    COMMUNITY FINANCIAL CREDIT UNION $115,000 $35,000 -69.6% 0.0%
    DIGITAL Federal Credit Union $35,000 n/a 0.0%
    Discover Bank $35,000 n/a 0.0%
    Figure Lending LLC $35,000 n/a 0.0%
    FINANCIAL PLUS CREDIT UNION $65,000 $35,000 -46.2% 0.0%
    Adventure Credit Union $25,000 n/a 0.0%
    ASTERA $25,000 n/a 0.0%

    Alma's top lender by overall market share is QUICKEN LOANS, LLC, with 10.6% market share. In second place, with 8.8%, is Mercantile Bank of Michigan, having originated $9,400,000 in loans. In third place, with 6.9%, is Commercial Bank, having originated $7,380,000 in loans. In fourth place, with 4.6%, is GreenStone Farm Credit Services, FLCA, having originated $4,890,000 in loans. In fifth place, with 4.5%, is The Dart Bank, having originated $4,780,000 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 (-1.8%) 0.00 146
    2018-06-01 $94,900 (-4.1%) $135,945 (5.5%) 0.00 153
    2018-07-01 $97,175 (-2.3%) $134,250 (4.1%) 0.00 163
    2018-08-01 $105,000 (4.3%) $146,261 (12.6%) 0.00 160
    2018-09-01 $105,000 (2.0%) $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%) $128,427 (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
    Alma's median listing price for 2023-02-01 was $160,000, a difference of $9,425 (6.3%) versus the prior year and $10,325 versus the prior month.

    Alma's median listing price comes in at 0% of the national average.

    Alma's average listing price for 2023-02-01 was $218,497, a difference of $11,132 (5.4%) versus the prior year and $4,358 versus the prior month.

    For the 2023-02-01 period, Alma had 46 MLS listings, a difference of -16 listings (-26%) versus the prior month and 11 listings (31%) 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 1,522 sqft
    2018-02-01 0 days 1,508 sqft
    2018-03-01 0 days 1,470 sqft
    2018-04-01 0 days 1,458 sqft
    2018-05-01 0 days 1,486 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
    Alma's median listing age (time on market) for 2023-02-01 was 0 days.

    Alma's median square footage for active listings during the 2023-02-01 period was 1,614 sqft. One year prior, the average listing was 1,556 sqft.

    Alma, MI Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 461 $74,595,000 $161,811
    Cash Out Refi 142 $17,540,000 $123,521
    Refi 71 $6,495,000 $91,479
    Home Improvement 70 $3,620,000 $51,714
    Other 60 $4,340,000 $72,333

    Alma's most frequently cited loan purpose was Home Purchase, with 461 originations. The 2nd most popular reason was Cash Out Refi, with 142 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 238 $32,640,000 $137,143
    4-5% 168 $21,850,000 $130,060
    3-4% 150 $22,570,000 $150,467
    6-7% 134 $19,630,000 $146,493
    7-8% 40 $4,270,000 $106,750
    2.5-3% 29 $3,245,000 $111,897
    Over 8% 19 $695,000 $36,579
    <2.5% 11 $815,000 $74,091

    During 2022, Alma's most frequently originated rate bucket was 5-6%, with 238 originations.

    Loan Sizing (Alma, MI MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 335 $46,465,000 $138,701
    $100,000 or less 334 $19,760,000 $59,162
    $200k-400k 116 $30,760,000 $265,172
    $400k-600k 15 $6,875,000 $458,333
    $600k-1000k 4 $2,730,000 $682,500

    Alma's loan sizing saw the bucket of loans from $100k-200k with 335 originations, totaling $46,465,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 397 $64,525,000 $162,531
    60-80% 177 $25,355,000 $143,249
    20-40% 82 $5,740,000 $70,000
    40-60% 65 $6,435,000 $99,000
    Under 20% 53 $1,505,000 $28,396
    Over 100% 7 $1,635,000 $233,571

    Alma's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 397 originations, totaling $64,525,000 in origination value.