BATTLE CREEK Mortgage Rates

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

30 Year Fixed Rate mortgages in Battle Creek averaged 5.55% for the week of 2022-05-12, compared to the national average of 5.3% for the same period.

The average rate for the prior week (2022-05-05) was 5.62% and one month ago for the week of 2022-04-07, the average rate was 5.17%.

Battle Creek's average rate one year ago was 3.3%.

For refis of the same type during the week of 2022-05-12, the average rate was 5.2%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-05-12 5.3%
Battle Creek 30 Year Fixed Rate 2022-05-12 5.55%
Battle Creek 30 Year Fixed Rate Refi 2022-05-12 5.2%
Battle Creek 15 Year Fixed Rate 2022-05-12 5.95%
Battle Creek 15 Year Fixed Rate Refi 2022-05-12 4.7%
Battle Creek 30 Year FHA 2022-05-12 5.62%
Battle Creek 30 Year FHA Refi 2022-05-12 5.73%
Battle Creek 30 Year USDA 2022-05-12 5.84%
Battle Creek 30 Year USDA Refi 2022-05-12 5.15%
Battle Creek 30 Year VA 2022-05-12 5.29%
Battle Creek 30 Year VA Refi 2022-05-12 5.11%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within BATTLE CREEK, MI.

BATTLE CREEK Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the BATTLE CREEK, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Kellogg Community Credit Union 188 3.37% $2,277
QUICKEN LOANS, LLC 165 3.19% $4,461
AMERIFIRST FINANCIAL CORPORATION 122 3.34% $2,966
Fifth Third Bank 106 3.08% $2,939
Honor Credit Union 76 3.38% $2,269
OMNI Community Credit Union 63 3.46% $2,802
CONSUMERS 62 3.35% $2,371
UNITED WHOLESALE MORTGAGE, LLC 61 3.13% $3,323
UNION HOME MORTGAGE CORP. 57 3.23% $2,984
MORTGAGE CENTER L.C 54 3.20% $2,535
BlueOx Credit Union 45 3.28% $2,263
Flagstar Bank, FSB 40 3.33% $2,596
Southern Michigan Bank & Trust 30 3.36% $2,879
The Huntington National Bank 30 3.21% $2,889
LAKE MICHIGAN CREDIT UNION 28 3.14% $3,168
OAK MORTGAGE, LLC 27 3.06% $2,783
TCF National Bank 26 3.27% $2,789
Neighborhood Loans, Inc. 25 3.29% $3,293
Mr. Cooper ( Nationstar Mortgage ) 24 3.40% $5,286
SUMMIT HOME MORTGAGE, LLC 22 3.56% $2,622
SUCCESS MORTGAGE PARTNERS, INC. 21 3.51% $5,052
CHERRY CREEK MORTGAGE, LLC 19 3.79% $578
Independent Bank 17 3.18% $2,787
Wells Fargo Bank 16 3.27% $2,094
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 16 3.44% $2,761
LOANDEPOT.COM, LLC 14 2.93% $4,863
RUOFF MORTGAGE COMPANY, INC. 13 3.25% $1,369
GUARANTEED RATE, INC. 13 3.54% $3,131
PRIMELENDING, A PLAINSCAPITAL COMPANY 12 3.31% $3,187
MORTGAGE 1 INCORPORATED 12 3.24% $3,684
The Dart Bank 11 3.15% $3,144
GreenStone Farm Credit Services, FLCA 11 3.76% $3,926
KALSEE CREDIT UNION 11 3.01% $2,733
JPMorgan Chase Bank 11 3.10% $1,564
ARBOR FINANCIAL CREDIT UNION 11 3.28% $3,160
PNC Bank 10 3.09% $2,325
Mercantile Bank of Michigan 10 3.39% $3,097
NEWREZ LLC 10 3.56% $3,938
AMERISAVE MORTGAGE CORPORATION 8 3.04% $3,740
STOCKTON MORTGAGE CORPORATION 8 3.11% $3,114
BETTER MORTGAGE CORPORATION 8 2.86% $2,819
Old National Bank 8 3.22% $1,552
MEMBER FIRST MORTGAGE, LLC 7 3.41% $2,575
Comerica Bank 7 3.11% $2,089
CALIBER HOME LOANS, INC. 7 2.97% $2,081
BROKER SOLUTIONS, INC. 7 3.48% $5,785
HOMESIDE FINANCIAL, LLC 6 3.15% $4,117
INLANTA MORTGAGE, INC. 6 3.15% $2,811
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 6 3.25% $3,877
Bank of America 5 2.43% $4,918
NAVY FEDERAL CREDIT UNION 5 3.35% $2,239
U.S. Bank 5 3.27% $2,917
CHURCHILL MORTGAGE CORPORATION 5 3.32% $3,816
County National Bank 5 3.58% $2,535
ROYAL UNITED MORTGAGE LLC 5 3.75% $5,855
PENNYMAC LOAN SERVICES, LLC 5 3.82% $3,394
Paramount Residential Mortgage Group, Inc. 5 3.75% $4,095
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 3.45% $2,721
GVC MORTGAGE, INC. 5 3.33% $3,010
Waterstone Mortgage Corporation 5 3.63% $3,274
Horizon Bank 5 3.40% $3,143
VAN DYK MORTGAGE CORPORATION 5 3.55% $2,788
MICHIGAN MUTUAL, INC. 5 3.20% $3,155
Pacor Mortgage Corp 4 2.97% $2,764
InterContinental Capital Group, Inc 4 3.19% $4,350
KELLER MORTGAGE, LLC 4 3.19% $1,628
DFCU FINANCIAL 4 3.06% $6,814
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 3.47% $2,955
Level One Bank 4 3.41% $3,710
Northpointe Bank 4 3.56% $3,325
NORTHERN MORTGAGE SERVICES, LLC 4 3.03% $3,654
HOME POINT FINANCIAL CORPORATION 4 3.28% $4,345
AMERICAN FINANCING CORPORATION 4 3.09% $3,747
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 3.25% $3,315
FINANCE OF AMERICA MORTGAGE LLC 3 3.37% $4,127
Hometown Lenders, Inc. 3 2.95% $4,262
Mortgage Research Center, LLC 3 2.83% $2,526
MUTUAL OF OMAHA MORTGAGE, INC. 3 3.21% $4,438
Ally Bank 3 3.21% $2,262
Citizens Bank 3 3.13% $2,463
ACADEMY MORTGAGE CORPORATION 2 3.75% $3,087
CROSSCOUNTRY MORTGAGE, LLC 2 3.25% $4,359
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.56% $3,790
First Savings Bank 2 3.31% $3,229
Frankenmuth Credit Union 2 4.44% $857
GUARANTEED RATE AFFINITY, LLC 2 2.94% $1,737
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 3.31% $3,498
J. VIRGIL, INC. 2 3.25% $3,435
LAKEVIEW LOAN SERVICING, LLC 2 3.25% $2,564
Manufacturers and Traders Trust Company 2 3.44% $3,918
MICHIGAN FIRST CREDIT UNION 2 3.06% $2,131
Preston Home Loans Inc 2 3.00% $3,527
SOFI LENDING CORP. 2 2.88% $3,177
STAUNTON FINANCIAL, INC. 2 3.19% $3,927
The Federal Savings Bank 2 3.06% $3,150
Three Rivers Federal Credit Union 2 3.38% $2,485
UNIVERSITY OF MICHIGAN CREDIT UNION 2 3.25% $2,579
GSF Mortgage Corporation 1 3.13% $3,242
Grand River Bank 1 3.13% $2,629
FREEDOM MORTGAGE CORPORATION 1 2.75% $1,335
First State Bank 1 2.88% $2,518
PARKSIDE LENDING, LLC 1 3.25% $2,778
First National Bank of America 1 7.38% $5,686
PFCU 1 3.13% $2,558
PLANET HOME LENDING, LLC 1 3.75% $3,376
PLUS RELOCATION MORTGAGE, LLC 1 2.88% $2,117
First Guaranty Mortgage Corporation 1 3.13% $2,435
PREMIA MORTGAGE, LLC 1 3.25% $0
Auto Club Trust, FSB 1 3.50% $2,641
First Federal Bank 1 3.38% $4,916
FIRST CENTENNIAL MORTGAGE CORPORATION 1 3.00% $2,394
PURDUE FEDERAL CREDIT UNION 1 2.88% $2,508
FirstBank 1 2.75% $2,534
EVERETT FINANCIAL, INC. 1 4.88% $1,877
EMM LOANS LLC 1 2.99% $8,637
VIBE CREDIT UNION 1 3.25% $1,988
Discover Bank 1 4.49% $0
SOVEREIGN LENDING GROUP INCORPORATED 1 3.49% $4,082
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 7.13% $6,740
CONTOUR MORTGAGE CORPORATION 1 3.88% $3,052
COMMUNITY MORTGAGE FUNDING, LLC 1 3.00% $2,962
CMG MORTGAGE, INC. 1 3.75% $2,884
Sunflower Bank 1 2.99% $3,059
Citibank 1 2.38% $2,812
TEAM ONE CREDIT UNION 1 2.88% $0
The Citizens National Bank of Bluffton 1 4.50% $1,788
Citadel Servicing Corporation 1 6.63% $4,836
ANGEL OAK HOME LOANS LLC 1 6.00% $5,106
CIBM Bank 1 3.25% $2,023
Wyndham Capital Mortgage, Inc. 1 4.13% $1,435
TOP FLITE FINANCIAL, INC. 1 3.88% $3,529
Carrington Mortgage Services, LLC 1 3.63% $2,852
BLG HOLDINGS, INC. 1 2.88% $5,200
UNIVERSITY LENDING GROUP, LLC 1 4.13% $2,734
ZILLOW HOME LOANS, LLC 1 2.63% $7,988
Bank of Ann Arbor 1 3.38% $2,591
VANDERBILT MORTGAGE AND FINANCE, INC. 1 2.75% $3,051
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.88% $2,634
Nations Lending Corporation 1 2.63% $8,710
NEXERA HOLDING LLC 1 5.88% $7,716
MOVEMENT MORTGAGE, LLC 1 3.19% $2,611
LOANSNAP, INC. 1 3.13% $1,954
KeyBank 1 2.88% $2,712

BATTLE CREEK, MI's 143 lenders originated 5,165 loans during 2021. The total origination value was $792,535,000, with an average loan value of $153,443.

The top BATTLE CREEK lender as defined by loan originations is Kellogg Community Credit Union, with 188 loans originated. Their average total fees are $2,277, which is $2,184 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee BATTLE CREEK lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC ($578), RUOFF MORTGAGE COMPANY, INC. ($1,369), JPMorgan Chase Bank ($1,564), Wells Fargo Bank ($2,094) and BlueOx Credit Union ($2,263).

The lowest rate BATTLE CREEK lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC (2.93%), KALSEE CREDIT UNION (3.01%), OAK MORTGAGE, LLC (3.06%), Fifth Third Bank (3.08%) and PNC Bank (3.09%).

BATTLE CREEK, MI Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
QUICKEN LOANS, LLC $59,385,000 $71,790,000 20.9% 9.1%
MARSHALL COMMUNITY CREDIT UNION $88,625,000 $58,440,000 -34.1% 7.4%
Kellogg Community Credit Union $45,765,000 $56,850,000 24.2% 7.2%
AMERIFIRST FINANCIAL CORPORATION $52,875,000 $39,005,000 -26.2% 4.9%
Fifth Third Bank $23,710,000 $31,700,000 33.7% 4.0%
UNITED WHOLESALE MORTGAGE, LLC $11,335,000 $22,555,000 99.0% 2.8%
Honor Credit Union $26,030,000 $17,510,000 -32.7% 2.2%
UNION HOME MORTGAGE CORP. $15,540,000 $16,270,000 4.7% 2.1%
OMNI Community Credit Union $15,165,000 $15,535,000 2.4% 2.0%
First Federal Bank of the Midwest $15,105,000 n/a 1.9%
Mortgage Research Center, LLC $8,945,000 $14,585,000 63.1% 1.8%
Capital One $14,565,000 n/a 1.8%
Flagstar Bank, FSB $11,215,000 $14,315,000 27.6% 1.8%
CONSUMERS $10,215,000 $14,285,000 39.8% 1.8%
MORTGAGE CENTER L.C $9,480,000 $14,060,000 48.3% 1.8%
The Huntington National Bank $5,295,000 $13,865,000 161.9% 1.7%
Southern Michigan Bank & Trust $12,880,000 $13,005,000 1.0% 1.6%
FREEDOM MORTGAGE CORPORATION $12,415,000 $12,800,000 3.1% 1.6%
BlueOx Credit Union $9,805,000 $11,890,000 21.3% 1.5%
WALKER & DUNLOP, LLC $11,185,000 n/a 1.4%
LAKE MICHIGAN CREDIT UNION $9,835,000 $10,210,000 3.8% 1.3%
Neighborhood Loans, Inc. $10,260,000 $9,170,000 -10.6% 1.2%
OAK MORTGAGE, LLC $1,575,000 $8,920,000 466.3% 1.1%
TCF National Bank $14,385,000 $8,845,000 -38.5% 1.1%
SUCCESS MORTGAGE PARTNERS, INC. $6,895,000 $8,450,000 22.6% 1.1%
Wintrust Bank, N.A. $8,005,000 n/a 1.0%
Old National Bank $4,285,000 $7,940,000 85.3% 1.0%
Homestead Savings Bank $10,570,000 $7,645,000 -27.7% 1.0%
LOANDEPOT.COM, LLC $3,085,000 $7,100,000 130.1% 0.9%
GreenStone Farm Credit Services, FLCA $4,860,000 $6,950,000 43.0% 0.9%
Mr. Cooper ( Nationstar Mortgage ) $4,630,000 $6,575,000 42.0% 0.8%
GUARANTEED RATE, INC. $975,000 $6,515,000 568.2% 0.8%
Wells Fargo Bank $3,900,000 $6,320,000 62.1% 0.8%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $3,785,000 $6,100,000 61.2% 0.8%
Independent Bank $6,295,000 $5,990,000 -4.8% 0.8%
CHERRY CREEK MORTGAGE, LLC $4,985,000 $5,845,000 17.3% 0.7%
SUMMIT HOME MORTGAGE, LLC $5,755,000 $5,635,000 -2.1% 0.7%
KeyBank $300,000 $5,260,000 1,653.3% 0.7%
PRIMELENDING, A PLAINSCAPITAL COMPANY $5,050,000 $5,200,000 3.0% 0.7%
PNC Bank $4,740,000 $5,085,000 7.3% 0.6%
CALIBER HOME LOANS, INC. $1,675,000 $4,960,000 196.1% 0.6%
PENNYMAC LOAN SERVICES, LLC $1,360,000 $4,785,000 251.8% 0.6%
Comerica Bank $2,715,000 $4,775,000 75.9% 0.6%
NEWREZ LLC $2,630,000 $4,775,000 81.6% 0.6%
ADVIA $3,090,000 $4,770,000 54.4% 0.6%
AMERISAVE MORTGAGE CORPORATION $2,035,000 $4,740,000 132.9% 0.6%
RUOFF MORTGAGE COMPANY, INC. $3,555,000 $4,225,000 18.8% 0.5%
ARBOR FINANCIAL CREDIT UNION $2,755,000 $4,115,000 49.4% 0.5%
MORTGAGE 1 INCORPORATED $1,420,000 $4,005,000 182.0% 0.5%
BETTER MORTGAGE CORPORATION $475,000 $3,535,000 644.2% 0.4%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $3,505,000 n/a 0.4%
BROKER SOLUTIONS, INC. $1,860,000 $3,485,000 87.4% 0.4%
The Dart Bank $3,615,000 $3,255,000 -10.0% 0.4%
USAA Federal Savings Bank $4,135,000 $3,100,000 -25.0% 0.4%
NAVY FEDERAL CREDIT UNION $3,245,000 $3,075,000 -5.2% 0.4%
LAKEVIEW LOAN SERVICING, LLC $1,380,000 $3,060,000 121.7% 0.4%
Level One Bank $645,000 $2,555,000 296.1% 0.3%
Mercantile Bank of Michigan $4,035,000 $2,550,000 -36.8% 0.3%
KALSEE CREDIT UNION $1,400,000 $2,490,000 77.9% 0.3%
JPMorgan Chase Bank $3,955,000 $2,445,000 -38.2% 0.3%
VILLAGE CAPITAL & INVESTMENT LLC $1,970,000 $2,400,000 21.8% 0.3%
MEMBER FIRST MORTGAGE, LLC $835,000 $2,370,000 183.8% 0.3%
HOME POINT FINANCIAL CORPORATION $1,595,000 $2,195,000 37.6% 0.3%
Highpoint Community Bank $1,395,000 $2,055,000 47.3% 0.3%
NEW DAY FINANCIAL, LLC $990,000 $2,050,000 107.1% 0.3%
21ST MORTGAGE CORPORATION $3,105,000 $2,030,000 -34.6% 0.3%
Carrington Mortgage Services, LLC $1,640,000 $2,010,000 22.6% 0.3%
GVC MORTGAGE, INC. $285,000 $1,870,000 556.1% 0.2%
Northpointe Bank $810,000 $1,810,000 123.5% 0.2%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $960,000 $1,770,000 84.4% 0.2%
INLANTA MORTGAGE, INC. $485,000 $1,760,000 262.9% 0.2%
CLEARPATH LENDING $2,135,000 $1,745,000 -18.3% 0.2%
Bank of America $440,000 $1,700,000 286.4% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $935,000 $1,685,000 80.2% 0.2%
County National Bank $4,180,000 $1,665,000 -60.2% 0.2%
HOMESIDE FINANCIAL, LLC $1,660,000 n/a 0.2%
STOCKTON MORTGAGE CORPORATION $2,195,000 $1,635,000 -25.5% 0.2%
NORTHERN MORTGAGE SERVICES, LLC $455,000 $1,565,000 244.0% 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,045,000 $1,555,000 48.8% 0.2%
Paramount Residential Mortgage Group, Inc. $290,000 $1,540,000 431.0% 0.2%
AMERICAN FINANCING CORPORATION $160,000 $1,525,000 853.1% 0.2%
MICHIGAN MUTUAL, INC. $1,330,000 $1,515,000 13.9% 0.2%
FINANCE OF AMERICA MORTGAGE LLC $1,455,000 $1,510,000 3.8% 0.2%
U.S. Bank $410,000 $1,480,000 261.0% 0.2%
CHURCHILL MORTGAGE CORPORATION $1,085,000 $1,390,000 28.1% 0.2%
Horizon Bank $1,030,000 $1,320,000 28.2% 0.2%
VAN DYK MORTGAGE CORPORATION $585,000 $1,215,000 107.7% 0.2%
ROYAL UNITED MORTGAGE LLC $1,525,000 $1,205,000 -21.0% 0.2%
CROSSCOUNTRY MORTGAGE, LLC $1,505,000 $1,180,000 -21.6% 0.1%
FIRST CHOICE MH LLC $1,120,000 n/a 0.1%
Ally Bank $795,000 $1,080,000 35.8% 0.1%
KELLER MORTGAGE, LLC $115,000 $1,040,000 804.3% 0.1%
InterContinental Capital Group, Inc $960,000 $1,000,000 4.2% 0.1%
DFCU FINANCIAL $255,000 $975,000 282.4% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $650,000 $950,000 46.2% 0.1%
Eaton Community Bank $2,055,000 $940,000 -54.3% 0.1%
Waterstone Mortgage Corporation $390,000 $940,000 141.0% 0.1%
GUARANTEED RATE AFFINITY, LLC $895,000 n/a 0.1%
Citizens Bank $1,500,000 $860,000 -42.7% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $265,000 $850,000 220.8% 0.1%
CONTOUR MORTGAGE CORPORATION $780,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $655,000 $765,000 16.8% 0.1%
First Guaranty Mortgage Corporation $825,000 $700,000 -15.2% 0.1%
ACADEMY MORTGAGE CORPORATION $545,000 $695,000 27.5% 0.1%
Pacor Mortgage Corp $1,230,000 $690,000 -43.9% 0.1%
TRIAD FINANCIAL SERVICES, INC. $465,000 $690,000 48.4% 0.1%
Toyota Financial Savings Bank $1,125,000 $685,000 -39.1% 0.1%
MID AMERICA MORTGAGE, INC. $980,000 $660,000 -32.7% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $650,000 n/a 0.1%
PLAZA HOME MORTGAGE, INC. $220,000 $645,000 193.2% 0.1%
PENTAGON FEDERAL CREDIT UNION $220,000 $635,000 188.6% 0.1%
STAUNTON FINANCIAL, INC. $185,000 $590,000 218.9% 0.1%
UNIVERSITY OF MICHIGAN CREDIT UNION $590,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $1,010,000 $585,000 -42.1% 0.1%
Frankenmuth Credit Union $580,000 n/a 0.1%
Nations Lending Corporation $285,000 $570,000 100.0% 0.1%
Figure Lending LLC $555,000 n/a 0.1%
ACCELERATE MORTGAGE, LLC $540,000 n/a 0.1%
PLANET HOME LENDING, LLC $370,000 $535,000 44.6% 0.1%
Low VA Rates, LLC $735,000 $510,000 -30.6% 0.1%
Hometown Lenders, Inc. $500,000 n/a 0.1%
NATIONWIDE MORTGAGE BANKERS, INC. $500,000 n/a 0.1%
The Federal Savings Bank $1,625,000 $465,000 -71.4% 0.1%
Sturgis Bank & Trust Company $460,000 n/a 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $455,000 $450,000 -1.1% 0.1%
AmeriHome Mortgage Company, LLC $950,000 $450,000 -52.6% 0.1%
NATIONS DIRECT MORTGAGE, LLC $595,000 $425,000 -28.6% 0.1%
1st Source Bank $410,000 n/a 0.1%
Three Rivers Federal Credit Union $370,000 $395,000 6.8% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $1,435,000 $390,000 -72.8% 0.0%
Preston Home Loans Inc $380,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $595,000 $360,000 -39.5% 0.0%
First State Bank $355,000 $355,000 0.0% 0.0%
UNITED $305,000 $355,000 16.4% 0.0%
AMERICAN INTERNET MORTGAGE, INC. $125,000 $345,000 176.0% 0.0%
CIBM Bank $870,000 $345,000 -60.3% 0.0%
Grand River Bank $345,000 n/a 0.0%
PINNACLE LENDING GROUP, INC. $345,000 n/a 0.0%
RELIANCE FIRST CAPITAL, LLC $485,000 $340,000 -29.9% 0.0%
ENVOY MORTGAGE, LTD $335,000 n/a 0.0%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $135,000 $335,000 148.1% 0.0%
PREMIA MORTGAGE, LLC $630,000 $335,000 -46.8% 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $215,000 $330,000 53.5% 0.0%
BLUELEAF LENDING, LLC $125,000 $325,000 160.0% 0.0%
GSF Mortgage Corporation $365,000 $325,000 -11.0% 0.0%
Wyndham Capital Mortgage, Inc. $320,000 n/a 0.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $305,000 n/a 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $305,000 n/a 0.0%
Bank of Ann Arbor $305,000 n/a 0.0%
FirstBank $305,000 n/a 0.0%
T2 FINANCIAL LLC $305,000 n/a 0.0%
J. VIRGIL, INC. $340,000 $300,000 -11.8% 0.0%
First Federal Bank $280,000 n/a 0.0%
ROSS MORTGAGE CORPORATION $250,000 $280,000 12.0% 0.0%
Discover Bank $150,000 $275,000 83.3% 0.0%
ZILLOW HOME LOANS, LLC $280,000 $275,000 -1.8% 0.0%
Auto Club Trust, FSB $270,000 n/a 0.0%
North American Savings Bank, F.S.B. $825,000 $270,000 -67.3% 0.0%
Prime Choice Funding Inc. $255,000 n/a 0.0%
United Bay Community Credit Union $95,000 $255,000 168.4% 0.0%
SOFI LENDING CORP. $185,000 $250,000 35.1% 0.0%
ARC HOME LLC $245,000 n/a 0.0%
OCMBC, INC. $245,000 n/a 0.0%
TOP FLITE FINANCIAL, INC. $240,000 n/a 0.0%
ANGEL OAK HOME LOANS LLC $235,000 n/a 0.0%
Citadel Servicing Corporation $235,000 n/a 0.0%
MICHIGAN SCHOOLS AND GOVERNMENT $235,000 n/a 0.0%
Manufacturers and Traders Trust Company $230,000 n/a 0.0%
FIRST HERITAGE FINANCIAL, LLC $225,000 n/a 0.0%
PREFERRED CREDIT UNION $205,000 $220,000 7.3% 0.0%
NEXERA HOLDING LLC $215,000 n/a 0.0%
Chicago Financial Services, Inc. $205,000 n/a 0.0%
Directions Credit Union, Inc. $205,000 n/a 0.0%
EMM LOANS LLC $220,000 $205,000 -6.8% 0.0%
PLUS RELOCATION MORTGAGE, LLC $205,000 n/a 0.0%
GENEVA FINANCIAL, LLC $380,000 $200,000 -47.4% 0.0%
CMG MORTGAGE, INC. $360,000 $195,000 -45.8% 0.0%
BLG HOLDINGS, INC. $185,000 n/a 0.0%
Magnolia Bank $185,000 n/a 0.0%
POLARIS HOME FUNDING CORP. $185,000 n/a 0.0%
THRIVE MORTGAGE, LLC $185,000 n/a 0.0%
Luxury Mortgage Corp. $215,000 $175,000 -18.6% 0.0%
Sunflower Bank $175,000 n/a 0.0%
FAY SERVICING, LLC $135,000 $170,000 25.9% 0.0%
FINANCE OF AMERICA COMMERCIAL LLC $170,000 n/a 0.0%
First Savings Bank $380,000 $170,000 -55.3% 0.0%
MICHIGAN FIRST CREDIT UNION $135,000 $170,000 25.9% 0.0%
Oxford Bank & Trust $95,000 $170,000 78.9% 0.0%
CELEBRITY HOME LOANS, LLC $165,000 n/a 0.0%
PARKSIDE LENDING, LLC $165,000 n/a 0.0%
PURDUE FEDERAL CREDIT UNION $165,000 n/a 0.0%
MOVEMENT MORTGAGE, LLC $480,000 $155,000 -67.7% 0.0%
S1L, Inc. $155,000 n/a 0.0%
UNITED SECURITY FINANCIAL CORP $95,000 $155,000 63.2% 0.0%
HANCOCK MORTGAGE PARTNERS, LLC $635,000 $145,000 -77.2% 0.0%
HARTFORD FUNDING, LTD. $145,000 n/a 0.0%
PFCU $145,000 $145,000 0.0% 0.0%
UNIVERSITY LENDING GROUP, LLC $395,000 $145,000 -63.3% 0.0%
TEACHERS CREDIT UNION $135,000 n/a 0.0%
The State Bank and Trust Company $185,000 $135,000 -27.0% 0.0%
Citibank $145,000 $130,000 -10.3% 0.0%
Bank of England $125,000 n/a 0.0%
Commerce Home Mortgage, Inc. $125,000 n/a 0.0%
NATIONS RELIABLE LENDING, LLC $125,000 n/a 0.0%
PHH Mortgage Corporation $75,000 $125,000 66.7% 0.0%
BAYSHORE MORTGAGE FUNDING, LLC $545,000 $115,000 -78.9% 0.0%
CONSTRUCTIVE LOANS, LLC $115,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $140,000 $115,000 -17.9% 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $145,000 $115,000 -20.7% 0.0%
COMMUNITY MORTGAGE FUNDING, LLC $105,000 n/a 0.0%
EVERETT FINANCIAL, INC. $660,000 $105,000 -84.1% 0.0%
LAFCU $400,000 $100,000 -75.0% 0.0%
First National Bank of America $125,000 $95,000 -24.0% 0.0%
LOANSNAP, INC. $95,000 n/a 0.0%
TEAM ONE CREDIT UNION $95,000 n/a 0.0%
TOWNE MORTGAGE COMPANY $385,000 $95,000 -75.3% 0.0%
DOW CHEMICAL EMPLOYEES' $85,000 n/a 0.0%
FIRST CENTENNIAL MORTGAGE CORPORATION $95,000 $85,000 -10.5% 0.0%
OCEANSIDE MORTGAGE COMPANY $210,000 $85,000 -59.5% 0.0%
United Bank of Michigan $380,000 $85,000 -77.6% 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $75,000 n/a 0.0%
First Option Mortgage, LLC $75,000 n/a 0.0%
GENISYS $510,000 $75,000 -85.3% 0.0%
Lake Trust Credit Union $55,000 $75,000 36.4% 0.0%
SOUTHWEST FUNDING, LP $75,000 n/a 0.0%
AMERICAN ADVISORS GROUP $190,000 $70,000 -63.2% 0.0%
LENDINGHOME FUNDING CORPORATION $65,000 n/a 0.0%
NYMEO FEDERAL CREDIT UNION $65,000 n/a 0.0%
VIBE CREDIT UNION $65,000 n/a 0.0%
Associated Bank $55,000 n/a 0.0%
CASE $525,000 $55,000 -89.5% 0.0%
ChoiceOne Bank $300,000 $45,000 -85.0% 0.0%
COMMUNITY CHOICE CREDIT UNION $65,000 $45,000 -30.8% 0.0%
CREDIT UNION ONE $450,000 $45,000 -90.0% 0.0%
The Citizens National Bank of Bluffton $45,000 n/a 0.0%
GreenStone Farm Credit Services, ACA $25,000 n/a 0.0%
SPRING EQ, LLC $25,000 $25,000 0.0% 0.0%

BATTLE CREEK's top lender by overall market share is QUICKEN LOANS, LLC, with 9.1% market share. In second place, with 7.4%, is MARSHALL COMMUNITY CREDIT UNION, having originated $58,440,000 in loans. In third place, with 7.2%, is Kellogg Community Credit Union, having originated $56,850,000 in loans. In third place, with 4.9%, is AMERIFIRST FINANCIAL CORPORATION, having originated $39,005,000 in loans. In third place, with 4.0%, is Fifth Third Bank, having originated $31,700,000 in loans.


BATTLE CREEK, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,019 $358,225,000 $177,427
Refi 1,843 $281,385,000 $152,678
Cash Out Refi 906 $127,070,000 $140,254
Home Improvement 256 $14,870,000 $58,086
Other 141 $10,985,000 $77,908

Battle Creek's most frequently cited loan purpose was Home Purchase, with 2,019 originations. The 2nd most popular reason was Refi, with 1,843 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 2,081 $335,805,000 $161,367
2.5-3% 1,738 $259,980,000 $149,586
<2.5% 753 $117,495,000 $156,036
4-5% 278 $28,030,000 $100,827
5-6% 99 $5,915,000 $59,747
Over 8% 76 $3,610,000 $47,500
6-7% 33 $1,795,000 $54,394
7-8% 21 $2,275,000 $108,333

During 2021, Battle Creek's most frequently originated rate bucket was 3-4%, with 2,081 originations.

Loan Sizing (BATTLE CREEK, MI MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 2,363 $336,985,000 $142,609
$100,000 or less 1,838 $118,040,000 $64,222
$200k-400k 865 $225,905,000 $261,162
$400k-600k 73 $33,965,000 $465,274
$Over $1MM 14 $68,490,000 $4,892,143
$600k-1000k 12 $9,150,000 $762,500

BATTLE CREEK's loan sizing saw the bucket of loans from $100k-200k with 2,363 originations, totaling $336,985,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,006 $331,990,000 $165,499
60-80% 1,652 $294,450,000 $178,238
40-60% 682 $78,330,000 $114,853
20-40% 308 $20,950,000 $68,019
Under 20% 210 $6,040,000 $28,762
Over 100% 42 $10,350,000 $246,429

BATTLE CREEK's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,006 originations, totaling $331,990,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - BATTLE CREEK (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 $100,900 (3.3%) $164,770 (22.1%) 0.37 398
2018-02-01 $100,500 (1.1%) $165,846 (21.0%) 0.36 369
2018-03-01 $109,900 (11.0%) $174,891 (24.5%) 0.38 336
2018-04-01 $127,450 (20.2%) $182,201 (8.5%) 0.43 346
2018-05-01 $145,950 (24.3%) $191,305 (13.0%) 0.49 375
2018-06-01 $144,900 (18.4%) $194,260 (15.5%) 0.48 415
2018-07-01 $141,450 (17.9%) $190,570 (11.1%) 0.47 443
2018-08-01 $139,900 (15.7%) $188,819 (8.5%) 0.47 470
2018-09-01 $139,000 (17.3%) $189,887 (13.4%) 0.46 497
2018-10-01 $139,900 (21.7%) $191,301 (15.3%) 0.47 474
2018-11-01 $134,500 (22.3%) $178,431 (6.7%) 0.45 466
2018-12-01 $134,000 (21.9%) $179,135 (7.9%) 0.46 446
2019-01-01 $133,250 (32.1%) $175,664 (6.6%) 0.46 406
2019-02-01 $134,950 (34.3%) $180,327 (8.7%) 0.45 373
2019-03-01 $136,386 (24.1%) $181,309 (3.7%) 0.44 366
2019-04-01 $137,586 (8.0%) $191,805 (5.3%) 0.43 369
2019-05-01 $149,900 (2.7%) $208,868 (9.2%) 0.46 369
2019-06-01 $164,900 (13.8%) $226,410 (16.6%) 0.51 363
2019-07-01 $160,000 (13.1%) $224,560 (17.8%) 0.50 396
2019-08-01 $163,471 (16.9%) $216,181 (14.5%) 0.51 416
2019-09-01 $158,471 (14.0%) $206,934 (9.0%) 0.50 422
2019-10-01 $156,950 (12.2%) $205,937 (7.7%) 0.50 444
2019-11-01 $151,400 (12.6%) $203,347 (14.0%) 0.49 398
2019-12-01 $147,450 (10.0%) $192,469 (7.4%) 0.49 361
2020-01-01 $145,000 (8.8%) $187,642 (6.8%) 0.48 340
2020-02-01 $139,900 (3.7%) $187,104 (3.8%) 0.45 326
2020-03-01 $147,973 (8.5%) $203,830 (12.4%) 0.46 278
2020-04-01 $141,250 (2.7%) $202,484 (5.6%) 0.44 276
2020-05-01 $152,500 (1.7%) $211,892 (1.5%) 0.46 267
2020-06-01 $174,900 (6.1%) $232,486 (2.7%) 0.51 257
2020-07-01 $193,450 (20.9%) $246,923 (10.0%) 0.55 229
2020-08-01 $195,000 (19.3%) $231,080 (6.9%) 0.56 233
2020-09-01 $164,900 (4.1%) $211,852 (2.4%) 0.47 250
2020-10-01 $159,900 (1.9%) $220,240 (7.0%) 0.46 249
2020-11-01 $159,900 (5.6%) $217,103 (6.8%) 0.46 236
2020-12-01 $152,500 (3.4%) $207,748 (7.9%) 0.45 237
2021-01-01 $154,900 (6.8%) $207,372 (10.5%) 0.46 205
2021-02-01 $157,450 (12.5%) $238,453 (27.4%) 0.45 152
2021-03-01 $172,400 (16.5%) $249,635 (22.5%) 0.48 117
2021-04-01 $178,950 (26.7%) $268,404 (32.6%) 0.48 105
2021-05-01 $180,000 (18.0%) $262,613 (23.9%) 0.47 119
2021-06-01 $163,700 (-6.4%) $263,180 (13.2%) 0.43 170
2021-07-01 $154,950 (-19.9%) $267,678 (8.4%) 0.40 209
2021-08-01 $164,950 (-15.4%) $251,836 (9.0%) 0.43 239
2021-09-01 $158,250 (-4.0%) $250,151 (18.1%) 0.42 230
2021-10-01 $155,000 (-3.1%) $240,921 (9.4%) 0.41 229
2021-11-01 $169,700 (6.1%) $266,026 (22.5%) 0.45 199
2021-12-01 $159,950 (4.9%) $277,124 (33.4%) 0.43 168
2022-01-01 $152,000 (-1.9%) $269,992 (30.2%) 0.41 151
2022-02-01 $159,950 (1.6%) $288,067 (20.8%) 0.41 126
2022-03-01 $194,450 (12.8%) $316,082 (26.6%) 0.48 123
2022-04-01 $199,900 (11.7%) $323,002 (20.3%) 0.47 130
BATTLE CREEK's median listing price for 2022-04-01 was $199,900, a difference of $20,950 (11.7%) versus the prior year and $5,450 versus the prior month.

BATTLE CREEK's median listing price comes in at 47% of the national average.

BATTLE CREEK's average listing price for 2022-04-01 was $323,002, a difference of $54,598 (20.3%) versus the prior year and $6,920 versus the prior month.

For the 2022-04-01 period, BATTLE CREEK had 130 MLS listings, a difference of 7 listings (6%) versus the prior month and 25 listings (24%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - BATTLE CREEK (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 78 days 1,562 sqft
2018-02-01 72 days 1,578 sqft
2018-03-01 61 days 1,650 sqft
2018-04-01 50 days 1,661 sqft
2018-05-01 45 days 1,765 sqft
2018-06-01 42 days 1,800 sqft
2018-07-01 45 days 1,701 sqft
2018-08-01 43 days 1,724 sqft
2018-09-01 45 days 1,716 sqft
2018-10-01 54 days 1,702 sqft
2018-11-01 60 days 1,658 sqft
2018-12-01 69 days 1,666 sqft
2019-01-01 72 days 1,655 sqft
2019-02-01 65 days 1,624 sqft
2019-03-01 57 days 1,616 sqft
2019-04-01 51 days 1,642 sqft
2019-05-01 45 days 1,624 sqft
2019-06-01 50 days 1,690 sqft
2019-07-01 51 days 1,730 sqft
2019-08-01 52 days 1,739 sqft
2019-09-01 52 days 1,722 sqft
2019-10-01 56 days 1,758 sqft
2019-11-01 57 days 1,700 sqft
2019-12-01 68 days 1,762 sqft
2020-01-01 73 days 1,701 sqft
2020-02-01 66 days 1,615 sqft
2020-03-01 62 days 1,688 sqft
2020-04-01 62 days 1,649 sqft
2020-05-01 72 days 1,718 sqft
2020-06-01 58 days 1,773 sqft
2020-07-01 52 days 1,785 sqft
2020-08-01 53 days 1,669 sqft
2020-09-01 49 days 1,556 sqft
2020-10-01 49 days 1,556 sqft
2020-11-01 57 days 1,556 sqft
2020-12-01 60 days 1,560 sqft
2021-01-01 71 days 1,556 sqft
2021-02-01 86 days 1,556 sqft
2021-03-01 84 days 1,556 sqft
2021-04-01 53 days 1,588 sqft
2021-05-01 42 days 1,616 sqft
2021-06-01 34 days 1,575 sqft
2021-07-01 35 days 1,594 sqft
2021-08-01 37 days 1,592 sqft
2021-09-01 46 days 1,548 sqft
2021-10-01 49 days 1,598 sqft
2021-11-01 53 days 1,616 sqft
2021-12-01 61 days 1,616 sqft
2022-01-01 67 days 1,554 sqft
2022-02-01 76 days 1,567 sqft
2022-03-01 59 days 1,593 sqft
2022-04-01 42 days 1,616 sqft
BATTLE CREEK's median listing age (time on market) for 2022-04-01 was 42 days. This is -21% shorter than the same period one year ago.

BATTLE CREEK's median square footage for active listings during the 2022-04-01 period was 1,616 sqft. One year prior, the average listing was 1,588 sqft.