Alpena Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Alpena averaged 7.13% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

The average rate for the prior week (2023-09-07) was 7.37% and one month ago for the week of 2023-08-10, the average rate was 6.91%.

Alpena's average rate one year ago was 5.84%.

For refis of the same type during the week of 2023-09-14, the average rate was 7.78%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-14 7.18%
Alpena 30 Year Fixed Rate 2023-09-14 7.13%
Alpena 30 Year Fixed Rate Refi 2023-09-14 7.78%
Alpena 15 Year Fixed Rate 2023-09-14 6.31%
Alpena 15 Year Fixed Rate Refi 2023-09-14 7.01%
Alpena 30 Year FHA 2023-09-14 7.09%
Alpena 30 Year FHA Refi 2023-09-14 6.99%
Alpena 30 Year USDA 2023-09-14 7.08%
Alpena 30 Year USDA Refi 2023-09-14 7.18%
Alpena 30 Year VA 2023-09-14 7.01%
Alpena 30 Year VA Refi 2023-09-14 7.01%
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 $99,700 (0.7%) $156,011 (30.2%) 0.00 186
2018-03-01 $99,700 (-4.1%) $155,676 (24.1%) 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 (21.6%) $196,291 (25.8%) 0.00 140
2019-03-01 $118,336 (18.7%) $195,321 (25.5%) 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
2023-03-01 $211,000 (30.5%) $1,121,624 (228.6%) 0.00 29
2023-04-01 $215,000 (28.4%) $976,343 (8.4%) 0.00 27
2023-05-01 $230,500 (53.8%) $935,097 (8.9%) 0.00 30
2023-06-01 $228,125 (44.6%) $756,195 (-4.9%) 0.00 42
2023-07-01 $249,999 (66.8%) $737,998 (18.3%) 0.00 44
2023-08-01 $244,700 (47.2%) $863,007 (22.6%) 0.00 36
Alpena's median listing price for 2023-08-01 was $244,700, a difference of $78,475 (47.2%) versus the prior year and $-5,299 versus the prior month.

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

Alpena's average listing price for 2023-08-01 was $863,007, a difference of $158,811 (22.6%) versus the prior year and $125,009 versus the prior month.

For the 2023-08-01 period, Alpena had 36 MLS listings, a difference of -8 listings (-18%) versus the prior month and -21 listings (-37%) 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 1,560 sqft
2018-03-01 0 days 1,592 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 1,572 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
2023-03-01 0 days 1,751 sqft
2023-04-01 0 days 1,800 sqft
2023-05-01 0 days 1,871 sqft
2023-06-01 0 days 1,690 sqft
2023-07-01 0 days 1,864 sqft
2023-08-01 0 days 1,905 sqft
Alpena's median listing age (time on market) for 2023-08-01 was 0 days.

Alpena's median square footage for active listings during the 2023-08-01 period was 1,905 sqft. One year prior, the average listing was 1,870 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.