Alpena 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 Alpena averaged 6.76% 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 7.09% and one month ago for the week of 2023-02-09, the average rate was 6.68%.

    Alpena's average rate one year ago was 3.8%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.95%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Alpena 30 Year Fixed Rate 2023-03-16 6.76%
    Alpena 30 Year Fixed Rate Refi 2023-03-16 6.95%
    Alpena 15 Year Fixed Rate 2023-03-16 6.66%
    Alpena 15 Year Fixed Rate Refi 2023-03-16 6.39%
    Alpena 30 Year FHA 2023-03-16 6.56%
    Alpena 30 Year FHA Refi 2023-03-16 6.26%
    Alpena 30 Year USDA 2023-03-16 6.92%
    Alpena 30 Year USDA Refi 2023-03-16 6.18%
    Alpena 30 Year VA 2023-03-16 6.55%
    Alpena 30 Year VA Refi 2023-03-16 6.04%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Alpena, MI.

    Alpena 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 Alpena, 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
    QUICKEN LOANS, LLC 31 5.66% $5,209
    Nicolet National Bank 12 4.99% $2,786
    The Huntington National Bank 11 5.14% $3,461
    UNITED WHOLESALE MORTGAGE, LLC 10 5.31% $5,296
    STAUNTON FINANCIAL, INC. 6 5.46% $3,755
    NAVY FEDERAL CREDIT UNION 4 6.22% $3,089
    CHURCHILL MORTGAGE CORPORATION 4 5.97% $3,856
    PNC Bank 4 4.69% $3,703
    COMMUNITY FINANCIAL CREDIT UNION 3 6.13% $2,394
    JPMorgan Chase Bank 3 5.00% $3,417
    LAKE MICHIGAN CREDIT UNION 2 4.00% $3,050
    LAKEVIEW LOAN SERVICING, LLC 2 4.31% $4,838
    J. VIRGIL, INC. 2 5.38% $3,602
    LOANDEPOT.COM, LLC 2 5.50% $8,999
    Fifth Third Bank 2 4.68% $3,573
    CREDIT UNION ONE 2 4.50% $3,085
    MICHIGAN MUTUAL, INC. 2 5.43% $5,848
    Flagstar Bank, FSB 2 5.81% $2,837
    Wells Fargo Bank 2 4.50% $3,730
    Mr. Cooper ( Nationstar Mortgage ) 2 5.62% $5,190
    HOMESIDE FINANCIAL, LLC 2 5.25% $4,727
    UNIVERSITY OF MICHIGAN CREDIT UNION 1 5.25% $2,085
    USAA Federal Savings Bank 1 5.25% $3,997
    U.S. Bank 1 4.88% $4,283
    Wildfire Credit Union 1 3.63% $2,012
    Ally Bank 1 7.13% $2,114
    ZILLOW HOME LOANS, LLC 1 4.88% $4,542
    AMERIFIRST FINANCIAL CORPORATION 1 6.50% $3,271
    BKCO MORTGAGE, LLC 1 6.13% $2,869
    CALIBER HOME LOANS, INC. 1 5.63% $2,985
    EVERETT FINANCIAL, INC. 1 5.99% $1,701
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.99% $5,179
    First Guaranty Mortgage Corporation 1 4.13% $4,641
    Frankenmuth Credit Union 1 4.50% $0
    GreenStone Farm Credit Services, FLCA 1 6.20% $3,321
    Independent Bank 1 4.88% $4,089
    Mercantile Bank of Michigan 1 7.63% $4,636
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 1 3.38% $2,834
    MORTGAGE 1 INCORPORATED 1 6.63% $5,041
    MORTGAGE CENTER L.C 1 5.38% $3,521
    Mortgage Research Center, LLC 1 5.99% $3,433
    Plains Commerce Bank 1 4.88% $2,619
    Platinum Home Mortgage Corporation 1 5.75% $2,594
    ROSS MORTGAGE CORPORATION 1 5.50% $4,032
    ROYAL UNITED MORTGAGE LLC 1 4.13% $5,766
    SUCCESS MORTGAGE PARTNERS, INC. 1 3.63% $3,588
    TOP FLITE FINANCIAL, INC. 1 6.00% $3,303

    Alpena Average Closing Costs & Other Stats

    Alpena, MI's 47 lenders originated 338 loans during 2022. The total origination value was $45,690,000, with an average loan value of $135,178.

    Alpena's average closing costs are $3,615.

    The top Alpena lender as defined by loan originations is QUICKEN LOANS, LLC, with 31 loans originated. Their average total fees are $5,209, which is $2,423 higher than the next largest lender, Nicolet National Bank.

    The lowest fee Alpena lenders (with over 10 loans originated) are Nicolet National Bank ($2,786), The Huntington National Bank ($3,461), QUICKEN LOANS, LLC ($5,209), UNITED WHOLESALE MORTGAGE, LLC ($5,296) and .

    The lowest rate Alpena lenders (with over 10 loans originated) are Nicolet National Bank (4.99%), The Huntington National Bank (5.14%), UNITED WHOLESALE MORTGAGE, LLC (5.31%), QUICKEN LOANS, LLC (5.66%) and .

    Alpena, 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 $15,995,000 $8,150,000 -49.0% 17.8%
    Nicolet National Bank $2,900,000 $4,975,000 71.6% 10.9%
    The Huntington National Bank $4,000,000 $3,250,000 -18.8% 7.1%
    Mortgage Research Center, LLC $3,540,000 $2,735,000 -22.7% 6.0%
    UNITED WHOLESALE MORTGAGE, LLC $2,335,000 $2,480,000 6.2% 5.4%
    PNC Bank $1,685,000 $2,100,000 24.6% 4.6%
    LAKE MICHIGAN CREDIT UNION $395,000 $1,465,000 270.9% 3.2%
    STAUNTON FINANCIAL, INC. $105,000 $1,315,000 1,152.4% 2.9%
    COMMUNITY FINANCIAL CREDIT UNION $2,080,000 $1,080,000 -48.1% 2.4%
    NAVY FEDERAL CREDIT UNION $1,085,000 $995,000 -8.3% 2.2%
    GreenStone Farm Credit Services, FLCA $1,580,000 $825,000 -47.8% 1.8%
    CHURCHILL MORTGAGE CORPORATION $210,000 $805,000 283.3% 1.8%
    LOANDEPOT.COM, LLC $955,000 $770,000 -19.4% 1.7%
    Fifth Third Bank $1,060,000 $760,000 -28.3% 1.7%
    Flagstar Bank, FSB $705,000 $685,000 -2.8% 1.5%
    AMERIFIRST FINANCIAL CORPORATION $3,575,000 $620,000 -82.7% 1.4%
    CREDIT UNION ONE $585,000 n/a 1.3%
    EVERETT FINANCIAL, INC. $520,000 n/a 1.1%
    SUCCESS MORTGAGE PARTNERS, INC. $475,000 n/a 1.0%
    Mr. Cooper ( Nationstar Mortgage ) $560,000 $460,000 -17.9% 1.0%
    Wells Fargo Bank $440,000 $460,000 4.5% 1.0%
    LAKEVIEW LOAN SERVICING, LLC $175,000 $455,000 160.0% 1.0%
    MICHIGAN MUTUAL, INC. $425,000 $385,000 -9.4% 0.8%
    MORTGAGE 1 INCORPORATED $690,000 $375,000 -45.7% 0.8%
    DOMINION FINANCIAL SERVICES, LLC $335,000 n/a 0.7%
    MORTGAGE CENTER L.C $330,000 n/a 0.7%
    NEW DAY FINANCIAL, LLC $375,000 $320,000 -14.7% 0.7%
    Ally Bank $305,000 n/a 0.7%
    Frankenmuth Credit Union $295,000 n/a 0.6%
    CALIBER HOME LOANS, INC. $415,000 $280,000 -32.5% 0.6%
    UNION HOME MORTGAGE CORP. $1,320,000 $280,000 -78.8% 0.6%
    USAA Federal Savings Bank $735,000 $280,000 -61.9% 0.6%
    HOMESIDE FINANCIAL, LLC $85,000 $270,000 217.6% 0.6%
    PENTAGON FEDERAL CREDIT UNION $265,000 n/a 0.6%
    Carrington Mortgage Services, LLC $65,000 $260,000 300.0% 0.6%
    JPMorgan Chase Bank $585,000 $255,000 -56.4% 0.6%
    BROKER SOLUTIONS, INC. $250,000 $245,000 -2.0% 0.5%
    Citizens Bank $520,000 $245,000 -52.9% 0.5%
    FREEDOM MORTGAGE CORPORATION $940,000 $245,000 -73.9% 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $405,000 $210,000 -48.1% 0.5%
    LENDINGHOME FUNDING CORPORATION $105,000 $210,000 100.0% 0.5%
    PLANET HOME LENDING, LLC $195,000 n/a 0.4%
    UNITED FINANCIAL Credit Union $195,000 n/a 0.4%
    Independent Bank $170,000 $185,000 8.8% 0.4%
    GUARANTEED RATE, INC. $170,000 $155,000 -8.8% 0.3%
    Mercantile Bank of Michigan $490,000 $150,000 -69.4% 0.3%
    AMERICAN PORTFOLIO MORTGAGE CORPORATION $145,000 n/a 0.3%
    Barrington Bank & Trust Company, N.A. $460,000 $145,000 -68.5% 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $95,000 $145,000 52.6% 0.3%
    MICHIGAN SCHOOLS AND GOVERNMENT $140,000 n/a 0.3%
    NEWREZ LLC $390,000 $135,000 -65.4% 0.3%
    J. VIRGIL, INC. $315,000 $130,000 -58.7% 0.3%
    First Guaranty Mortgage Corporation $125,000 n/a 0.3%
    Low VA Rates, LLC $145,000 $125,000 -13.8% 0.3%
    Paramount Bank $125,000 n/a 0.3%
    Paramount Residential Mortgage Group, Inc. $115,000 $125,000 8.7% 0.3%
    U.S. Bank $125,000 n/a 0.3%
    WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION $125,000 n/a 0.3%
    BKCO MORTGAGE, LLC $115,000 n/a 0.3%
    CMG MORTGAGE, INC. $95,000 $115,000 21.1% 0.3%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $155,000 $115,000 -25.8% 0.3%
    ROSS MORTGAGE CORPORATION $115,000 n/a 0.3%
    TOP FLITE FINANCIAL, INC. $105,000 n/a 0.2%
    AMERISAVE MORTGAGE CORPORATION $125,000 $95,000 -24.0% 0.2%
    Platinum Home Mortgage Corporation $95,000 n/a 0.2%
    Plains Commerce Bank $85,000 n/a 0.2%
    Servion, Inc. $85,000 n/a 0.2%
    TOWNE MORTGAGE COMPANY $135,000 $85,000 -37.0% 0.2%
    AMERICAN HERITAGE LENDING, INC. $75,000 n/a 0.2%
    ZILLOW HOME LOANS, LLC $75,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $115,000 $65,000 -43.5% 0.1%
    Discover Bank $55,000 n/a 0.1%
    UNIVERSITY OF MICHIGAN CREDIT UNION $55,000 n/a 0.1%
    WINGS FINANCIAL $55,000 n/a 0.1%
    GENISYS $230,000 $45,000 -80.4% 0.1%
    Wildfire Credit Union $45,000 n/a 0.1%
    Figure Lending LLC $15,000 n/a 0.0%

    Alpena's top lender by overall market share is QUICKEN LOANS, LLC, with 17.8% market share. In second place, with 10.9%, is Nicolet National Bank, having originated $4,975,000 in loans. In third place, with 7.1%, is The Huntington National Bank, having originated $3,250,000 in loans. In fourth place, with 6.0%, is Mortgage Research Center, LLC, having originated $2,735,000 in loans. In fifth place, with 5.4%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $2,480,000 in loans.

    Alpena Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Alpena (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 $105,000 (7.0%) $155,485 (33.6%) 0.00 180
    2018-02-01 $100,300 (1.3%) $156,760 (30.8%) 0.00 185
    2018-03-01 $99,900 (-3.9%) $156,418 (24.7%) 0.00 186
    2018-04-01 $105,750 (-2.9%) $164,573 (24.7%) 0.00 188
    2018-05-01 $106,975 (-6.6%) $168,585 (18.8%) 0.00 185
    2018-06-01 $114,900 (4.8%) $170,111 (18.5%) 0.00 205
    2018-07-01 $119,900 (9.1%) $169,178 (16.1%) 0.00 228
    2018-08-01 $119,500 (9.0%) $164,752 (16.7%) 0.00 229
    2018-09-01 $119,900 (7.2%) $168,011 (19.8%) 0.00 221
    2018-10-01 $119,700 (8.9%) $171,342 (6.6%) 0.00 212
    2018-11-01 $119,450 (15.0%) $172,919 (9.3%) 0.00 205
    2018-12-01 $119,900 (10.3%) $174,831 (14.1%) 0.00 182
    2019-01-01 $124,925 (19.0%) $190,342 (22.4%) 0.00 151
    2019-02-01 $121,200 (20.8%) $196,291 (25.2%) 0.00 140
    2019-03-01 $118,336 (18.5%) $195,321 (24.9%) 0.00 130
    2019-04-01 $119,311 (12.8%) $196,529 (19.4%) 0.00 123
    2019-05-01 $123,700 (15.6%) $192,702 (14.3%) 0.00 145
    2019-06-01 $129,900 (13.1%) $187,825 (10.4%) 0.00 160
    2019-07-01 $129,050 (7.6%) $188,673 (11.5%) 0.00 169
    2019-08-01 $128,418 (7.5%) $187,921 (14.1%) 0.00 176
    2019-09-01 $128,745 (7.4%) $188,972 (12.5%) 0.00 189
    2019-10-01 $128,089 (7.0%) $194,803 (13.7%) 0.00 196
    2019-11-01 $125,500 (5.1%) $203,891 (17.9%) 0.00 175
    2019-12-01 $124,200 (3.6%) $205,680 (17.7%) 0.00 168
    2020-01-01 $124,200 (-0.6%) $206,425 (8.5%) 0.00 144
    2020-02-01 $128,950 (6.4%) $204,140 (4.0%) 0.00 128
    2020-03-01 $130,975 (10.7%) $214,430 (9.8%) 0.00 110
    2020-04-01 $135,150 (13.3%) $220,569 (12.2%) 0.00 102
    2020-05-01 $143,950 (16.4%) $229,913 (19.3%) 0.00 97
    2020-06-01 $148,775 (14.5%) $232,158 (23.6%) 0.00 107
    2020-07-01 $156,175 (21.0%) $252,830 (34.0%) 0.00 96
    2020-08-01 $173,250 (34.9%) $270,479 (43.9%) 0.00 73
    2020-09-01 $129,000 (0.2%) $251,949 (33.3%) 0.00 72
    2020-10-01 $139,500 (8.9%) $262,349 (34.7%) 0.00 68
    2020-11-01 $141,400 (12.7%) $211,083 (3.5%) 0.00 63
    2020-12-01 $142,150 (14.5%) $208,827 (1.5%) 0.00 55
    2021-01-01 $137,400 (10.6%) $203,263 (-1.5%) 0.00 52
    2021-02-01 $151,175 (17.2%) $231,030 (13.2%) 0.00 45
    2021-03-01 $161,950 (23.7%) $246,119 (14.8%) 0.00 37
    2021-04-01 $189,000 (39.8%) $250,495 (13.6%) 0.00 27
    2021-05-01 $155,000 (7.7%) $206,009 (-10.4%) 0.00 34
    2021-06-01 $149,450 (0.5%) $210,022 (-9.5%) 0.00 43
    2021-07-01 $176,950 (13.3%) $264,241 (4.5%) 0.00 45
    2021-08-01 $149,600 (-13.7%) $228,220 (-15.6%) 0.00 44
    2021-09-01 $157,225 (21.9%) $276,290 (9.7%) 0.00 51
    2021-10-01 $147,000 (5.4%) $266,429 (1.6%) 0.00 36
    2021-11-01 $136,900 (-3.2%) $244,219 (15.7%) 0.00 40
    2021-12-01 $136,425 (-4.0%) $247,048 (18.3%) 0.00 41
    2022-01-01 $135,000 (-1.8%) $277,625 (36.6%) 0.00 36
    2022-02-01 $152,450 (0.8%) $334,436 (44.8%) 0.00 31
    2022-03-01 $161,725 (-0.1%) $341,337 (38.7%) 0.00 33
    2022-04-01 $167,400 (-11.4%) $900,562 (259.5%) 0.00 34
    2022-05-01 $149,900 (-3.3%) $858,674 (316.8%) 0.00 37
    2022-06-01 $157,725 (5.5%) $795,318 (278.7%) 0.00 41
    2022-07-01 $149,900 (-15.3%) $623,790 (136.1%) 0.00 59
    2022-08-01 $166,225 (11.1%) $704,196 (208.6%) 0.00 57
    2022-09-01 $172,900 (10.0%) $672,455 (143.4%) 0.00 54
    2022-10-01 $169,000 (15.0%) $721,994 (171.0%) 0.00 46
    2022-11-01 $174,925 (27.8%) $762,510 (212.2%) 0.00 44
    2022-12-01 $185,000 (35.6%) $845,899 (242.4%) 0.00 39
    2023-01-01 $181,600 (34.5%) $839,027 (202.2%) 0.00 38
    2023-02-01 $173,550 (13.8%) $1,020,259 (205.1%) 0.00 31
    Alpena's median listing price for 2023-02-01 was $173,550, a difference of $21,100 (13.8%) versus the prior year and $-8,050 versus the prior month.

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

    Alpena's average listing price for 2023-02-01 was $1,020,259, a difference of $685,823 (205.1%) versus the prior year and $181,232 versus the prior month.

    For the 2023-02-01 period, Alpena had 31 MLS listings, a difference of -7 listings (-18%) versus the prior month and 0 listings (0%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Alpena (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,538 sqft
    2018-02-01 0 days 1,572 sqft
    2018-03-01 0 days 1,596 sqft
    2018-04-01 0 days 1,565 sqft
    2018-05-01 0 days 1,532 sqft
    2018-06-01 0 days 1,539 sqft
    2018-07-01 0 days 1,570 sqft
    2018-08-01 0 days 1,600 sqft
    2018-09-01 0 days 1,622 sqft
    2018-10-01 0 days 1,628 sqft
    2018-11-01 0 days 1,564 sqft
    2018-12-01 0 days 1,571 sqft
    2019-01-01 0 days 1,620 sqft
    2019-02-01 0 days 1,579 sqft
    2019-03-01 0 days 1,549 sqft
    2019-04-01 0 days 1,531 sqft
    2019-05-01 0 days 1,560 sqft
    2019-06-01 0 days 1,600 sqft
    2019-07-01 0 days 1,651 sqft
    2019-08-01 0 days 1,695 sqft
    2019-09-01 0 days 1,723 sqft
    2019-10-01 0 days 1,752 sqft
    2019-11-01 0 days 1,828 sqft
    2019-12-01 0 days 1,900 sqft
    2020-01-01 0 days 1,900 sqft
    2020-02-01 0 days 1,895 sqft
    2020-03-01 0 days 1,921 sqft
    2020-04-01 0 days 1,991 sqft
    2020-05-01 0 days 1,999 sqft
    2020-06-01 0 days 1,861 sqft
    2020-07-01 0 days 1,892 sqft
    2020-08-01 0 days 1,816 sqft
    2020-09-01 0 days 1,761 sqft
    2020-10-01 0 days 1,787 sqft
    2020-11-01 0 days 1,818 sqft
    2020-12-01 0 days 1,812 sqft
    2021-01-01 0 days 1,842 sqft
    2021-02-01 0 days 1,824 sqft
    2021-03-01 0 days 1,705 sqft
    2021-04-01 0 days 1,824 sqft
    2021-05-01 0 days 1,632 sqft
    2021-06-01 0 days 1,650 sqft
    2021-07-01 0 days 1,815 sqft
    2021-08-01 0 days 1,738 sqft
    2021-09-01 0 days 1,835 sqft
    2021-10-01 0 days 1,795 sqft
    2021-11-01 0 days 1,790 sqft
    2021-12-01 0 days 1,705 sqft
    2022-01-01 0 days 1,743 sqft
    2022-02-01 0 days 1,695 sqft
    2022-03-01 0 days 1,572 sqft
    2022-04-01 0 days 1,678 sqft
    2022-05-01 0 days 1,774 sqft
    2022-06-01 0 days 1,683 sqft
    2022-07-01 0 days 1,768 sqft
    2022-08-01 0 days 1,870 sqft
    2022-09-01 0 days 1,853 sqft
    2022-10-01 0 days 1,750 sqft
    2022-11-01 0 days 1,749 sqft
    2022-12-01 0 days 1,804 sqft
    2023-01-01 0 days 1,775 sqft
    2023-02-01 0 days 1,906 sqft
    Alpena's median listing age (time on market) for 2023-02-01 was 0 days.

    Alpena's median square footage for active listings during the 2023-02-01 period was 1,906 sqft. One year prior, the average listing was 1,695 sqft.

    Alpena, MI Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 180 $28,060,000 $155,889
    Cash Out Refi 72 $8,190,000 $113,750
    Refi 40 $5,410,000 $135,250
    Home Improvement 32 $3,010,000 $94,063
    Other 14 $1,020,000 $72,857

    Alpena's most frequently cited loan purpose was Home Purchase, with 180 originations. The 2nd most popular reason was Cash Out Refi, with 72 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 94 $12,920,000 $137,447
    4-5% 67 $10,125,000 $151,119
    3-4% 62 $7,720,000 $124,516
    6-7% 55 $8,285,000 $150,636
    2.5-3% 26 $3,190,000 $122,692
    7-8% 22 $2,600,000 $118,182
    Over 8% 7 $375,000 $53,571
    <2.5% 5 $475,000 $95,000

    During 2022, Alpena's most frequently originated rate bucket was 5-6%, with 94 originations.

    Loan Sizing (Alpena, MI MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 158 $22,160,000 $140,253
    $100,000 or less 132 $9,520,000 $72,121
    $200k-400k 45 $12,315,000 $273,667
    $400k-600k 2 $890,000 $445,000
    $600k-1000k 1 $805,000 $805,000

    Alpena's loan sizing saw the bucket of loans from $100k-200k with 158 originations, totaling $22,160,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 159 $23,695,000 $149,025
    60-80% 87 $13,065,000 $150,172
    40-60% 37 $4,395,000 $118,784
    20-40% 33 $2,765,000 $83,788
    Under 20% 15 $545,000 $36,333
    Over 100% 6 $1,150,000 $191,667

    Alpena's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 159 originations, totaling $23,695,000 in origination value.