Alma Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Alma averaged 7.13% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

The average rate for the prior week (2024-04-04) was 6.97% and one month ago for the week of 2024-03-07, the average rate was 6.73%.

Alma's average rate one year ago was 6.33%.

For refis of the same type during the week of 2024-04-11, the average rate was 6.98%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
Alma 30 Year Fixed Rate 2024-04-11 7.13%
Alma 30 Year Fixed Rate Refi 2024-04-11 6.98%
Alma 15 Year Fixed Rate 2024-04-11 6.26%
Alma 15 Year Fixed Rate Refi 2024-04-11 6.66%
Alma 30 Year FHA 2024-04-11 6.54%
Alma 30 Year FHA Refi 2024-04-11 7.04%
Alma 30 Year USDA 2024-04-11 6.71%
Alma 30 Year USDA Refi 2024-04-11 6.91%
Alma 30 Year VA 2024-04-11 6.67%
Alma 30 Year VA Refi 2024-04-11 6.47%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mercantile Bank of Michigan 26 6.64% $3,215
QUICKEN LOANS, LLC 21 6.84% $5,268
CROSSCOUNTRY MORTGAGE, LLC 12 6.74% $5,344
UNITED WHOLESALE MORTGAGE, LLC 11 7.01% $4,975
Isabella Bank 8 6.22% $2,343
UNION HOME MORTGAGE CORP. 6 7.31% $4,557
MMS MORTGAGE SERVICES, LTD. 6 6.48% $4,391
The Huntington National Bank 6 7.10% $3,635
ACADEMY MORTGAGE CORPORATION 6 7.17% $4,319
Preston Home Loans Inc 5 7.22% $3,564
MORTGAGE 1 INCORPORATED 5 7.20% $5,507
BM Real Estate Services, Inc. 5 7.10% $4,794
The Dart Bank 5 7.10% $3,243
Fifth Third Bank 4 6.81% $2,849
MICHIGAN ONE COMMUNITY Credit Union 3 7.08% $4,752
JPMorgan Chase Bank 3 6.33% $2,439
STAUNTON FINANCIAL, INC. 3 7.00% $3,313
Neighborhood Loans, Inc. 3 6.75% $3,771
Mr. Cooper ( Nationstar Mortgage ) 3 7.04% $5,652
Flagstar Bank, FSB 3 7.03% $4,159
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 3 7.00% $3,030
Independent Bank 3 6.83% $3,748
LOANDEPOT.COM, LLC 2 7.18% $5,442
CALIBER HOME LOANS, INC. 2 7.38% $4,112
FIRST COMMUNITY MORTGAGE, INC. 2 6.69% $3,347
Frankenmuth Credit Union 2 6.63% $2,570
GUILD MORTGAGE COMPANY 2 6.50% $3,229
MORTGAGE CENTER L.C 2 6.75% $3,198
PFCU 2 6.88% $2,768
SUCCESS MORTGAGE PARTNERS, INC. 2 6.19% $4,923
Horizon Bank 1 8.25% $3,086
GUARANTEED RATE, INC. 1 6.99% $3,655
GreenStone Farm Credit Services, FLCA 1 8.10% $4,667
GENEVA FINANCIAL, LLC 1 7.88% $3,321
VAN DYK MORTGAGE CORPORATION 1 7.38% $1,858
First State Bank 1 5.99% $2,443
Nations Lending Corporation 1 7.13% $4,116
DOW CHEMICAL EMPLOYEES' 1 7.63% $2,129
NORTHERN MORTGAGE SERVICES, LLC 1 6.62% $525
Old National Bank 1 6.50% $3,873
Wells Fargo Bank 1 6.88% $3,113
PNC Bank 1 6.38% $8,059
CONSUMERS 1 7.00% $2,696
CHURCHILL MORTGAGE CORPORATION 1 6.13% $2,808
RBC Bank, (Georgia) 1 5.63% $1,728
Carrington Mortgage Services, LLC 1 7.25% $5,599
ZILLOW HOME LOANS, LLC 1 7.38% $3,253
CARDINAL FINANCIAL 1 8.13% $3,423
BROKER SOLUTIONS, INC. 1 7.13% $6,488
Ally Bank 1 5.75% $7,127
Adventure Credit Union 1 5.88% $2,626
LAKE MICHIGAN CREDIT UNION 1 7.13% $3,105
MEMBER FIRST MORTGAGE, LLC 1 6.13% $4,199
J. VIRGIL, INC. 1 7.50% $5,904

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. 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%) $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
Alma's median listing price for 2024-03-01 was $180,000, a difference of $9,325 (5.5%) versus the prior year and $10,500 versus the prior month.

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

Alma's average listing price for 2024-03-01 was $230,466, a difference of $4,259 (1.9%) versus the prior year and $14,478 versus the prior month.

For the 2024-03-01 period, Alma had 48 MLS listings, a difference of 2 listings (4%) versus the prior month and 6 listings (14%) 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 1,562 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
Alma's median listing age (time on market) for 2024-03-01 was 0 days.

Alma's median square footage for active listings during the 2024-03-01 period was 1,755 sqft. One year prior, the average listing was 1,477 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.