BATTLE CREEK Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Battle Creek averaged 7% for the week of 2024-03-14, compared to the national average of 6.74% for the same period.

The average rate for the prior week (2024-03-07) was 6.94% and one month ago for the week of 2024-02-08, the average rate was 6.9%.

Battle Creek's average rate one year ago was 6.89%.

For refis of the same type during the week of 2024-03-14, the average rate was 6.07%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-03-14 6.74%
Battle Creek 30 Year Fixed Rate 2024-03-14 7%
Battle Creek 30 Year Fixed Rate Refi 2024-03-14 6.07%
Battle Creek 15 Year Fixed Rate 2024-03-14 6.2%
Battle Creek 15 Year Fixed Rate Refi 2024-03-14 6.16%
Battle Creek 30 Year FHA 2024-03-14 6.19%
Battle Creek 30 Year FHA Refi 2024-03-14 6.6%
Battle Creek 30 Year USDA 2024-03-14 6.49%
Battle Creek 30 Year USDA Refi 2024-03-14 6.79%
Battle Creek 30 Year VA 2024-03-14 6.58%
Battle Creek 30 Year VA Refi 2024-03-14 6.44%
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 lender, 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Kellogg Community Credit Union 134 5.06% $2,360
QUICKEN LOANS, LLC 94 5.14% $5,577
AMERIFIRST FINANCIAL CORPORATION 82 5.28% $4,016
Fifth Third Bank 74 5.25% $3,067
MORTGAGE CENTER L.C 67 4.89% $2,788
CONSUMERS 63 5.75% $2,720
OAK MORTGAGE, LLC 60 5.25% $2,692
The Huntington National Bank 49 5.11% $2,943
MARSHALL COMMUNITY CREDIT UNION 45 5.30% $2,192
OMNI Community Credit Union 37 5.29% $3,883
FIRST CHOICE MH LLC 31 9.00% $2,549
UNITED WHOLESALE MORTGAGE, LLC 31 5.20% $4,848
UNION HOME MORTGAGE CORP. 24 5.40% $4,302
Independent Bank 23 4.95% $3,117
LAKE MICHIGAN CREDIT UNION 22 4.74% $3,040
CHERRY CREEK MORTGAGE, LLC 20 5.39% $564
Neighborhood Loans, Inc. 19 4.76% $5,088
GVC MORTGAGE, INC. 18 5.71% $4,449
Flagstar Bank, FSB 15 5.11% $3,408
PRIMELENDING, A PLAINSCAPITAL COMPANY 15 5.59% $4,212
Honor Credit Union 15 4.94% $2,355
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 14 4.63% $3,048
JPMorgan Chase Bank 14 4.66% $3,287
CONTOUR MORTGAGE CORPORATION 14 5.74% $5,329
Southern Michigan Bank & Trust 13 5.62% $3,229
County National Bank 13 4.70% $3,978
Mr. Cooper ( Nationstar Mortgage ) 12 4.85% $5,463
ARBOR FINANCIAL CREDIT UNION 11 5.22% $3,258
GUARANTEED RATE, INC. 10 5.93% $3,596
Old National Bank 8 4.98% $1,375
RUOFF MORTGAGE COMPANY, INC. 8 5.09% $2,774
SUMMIT HOME MORTGAGE, LLC 8 5.67% $4,252
GreenStone Farm Credit Services, FLCA 7 5.14% $4,132
The Dart Bank 7 5.00% $3,754
MORTGAGE 1 INCORPORATED 7 4.88% $5,816
Horizon Bank 6 5.65% $2,704
ROYAL UNITED MORTGAGE LLC 6 6.08% $5,955
EVERETT FINANCIAL, INC. 6 5.65% $1,888
NAVY FEDERAL CREDIT UNION 6 4.81% $2,472
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 6 5.63% $4,419
SUCCESS MORTGAGE PARTNERS, INC. 6 4.44% $4,667
HOME POINT FINANCIAL CORPORATION 5 5.52% $3,875
Wells Fargo Bank 5 5.15% $3,202
NORTHERN MORTGAGE SERVICES, LLC 5 6.05% $2,834
MEMBER FIRST MORTGAGE, LLC 5 5.38% $3,800
KALSEE CREDIT UNION 5 5.93% $2,848
NEWREZ LLC 4 3.94% $3,913
Northpointe Bank 4 5.47% $5,242
CROSSCOUNTRY MORTGAGE, LLC 4 5.81% $5,901
CHURCHILL MORTGAGE CORPORATION 4 5.09% $3,165
INLANTA MORTGAGE, INC. 4 5.91% $3,556
CALIBER HOME LOANS, INC. 4 4.20% $4,258
First Merchants Bank 4 5.03% $2,791
ACADEMY MORTGAGE CORPORATION 3 5.33% $3,395
BROKER SOLUTIONS, INC. 3 3.95% $4,486
Comerica Bank 3 5.63% $2,319
FREEDOM MORTGAGE CORPORATION 3 4.25% $6,990
LOANDEPOT.COM, LLC 3 5.16% $4,098
Mortgage Research Center, LLC 3 4.62% $1,910
MUTUAL OF OMAHA MORTGAGE, INC. 3 5.79% $7,393
VAN DYK MORTGAGE CORPORATION 3 5.92% $2,302
MICHIGAN MUTUAL, INC. 2 6.75% $3,608
HALLMARK HOME MORTGAGE, LLC 2 4.00% $3,919
GENEVA FINANCIAL, LLC 2 5.31% $5,686
ALLIED MORTGAGE GROUP, INC. 2 6.38% $2,801
Mercantile Bank of Michigan 2 4.44% $3,410
DOW CHEMICAL EMPLOYEES' 2 5.56% $2,822
PNC Bank 2 5.13% $3,543
CARDINAL FINANCIAL 2 5.50% $6,732
PURDUE FEDERAL CREDIT UNION 2 4.63% $2,745
BETTER MORTGAGE CORPORATION 2 5.75% $1,585
Regions Bank 2 5.88% $3,984
Bank of America 2 5.25% $3,130
AMERISAVE MORTGAGE CORPORATION 2 4.94% $5,303
Hometown Lenders, Inc. 2 5.25% $3,156
The State Bank 1 6.38% $2,885
MICHIGAN FIRST CREDIT UNION 1 5.38% $2,371
HAMILTON HOME LOANS, INC. 1 5.50% $2,873
MICHIGAN SCHOOLS AND GOVERNMENT 1 3.00% $2,145
First Farmers Bank and Trust Company 1 6.63% $5,697
MID AMERICA MORTGAGE, INC. 1 4.50% $5,502
FIRST COMMUNITY MORTGAGE, INC. 1 6.88% $2,415
Farmers State Bank 1 5.09% $3,408
West Michigan Credit Union 1 4.38% $4,296
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION 1 6.38% $2,971
Wyndham Capital Mortgage, Inc. 1 3.75% $2,353
Nations Lending Corporation 1 4.00% $3,162
NATIONS RELIABLE LENDING, LLC 1 5.50% $6,179
AMERICAN FINANCING CORPORATION 1 3.25% $3,625
Discover Bank 1 5.25% $0
DELMAR FINANCIAL COMPANY 1 5.25% $4,517
DAS Acquisition Company, LLC 1 3.50% $3,238
Crossroads Bank 1 5.00% $2,066
Citizens Bank 1 4.50% $3,139
ChoiceOne Bank 1 6.75% $5,465
Old Second National Bank 1 4.38% $2,648
Carrington Mortgage Services, LLC 1 5.88% $4,001
ONE NEVADA CREDIT UNION 1 4.75% $2,659
Paramount Residential Mortgage Group, Inc. 1 6.88% $7,612
PENNYMAC LOAN SERVICES, LLC 1 4.25% $1,514
PFCU 1 5.50% $2,739
Plains Commerce Bank 1 5.63% $6,654
PLAZA HOME MORTGAGE, INC. 1 5.63% $6,157
PLUS RELOCATION MORTGAGE, LLC 1 7.13% $3,184
AMERICAN FINANCIAL RESOURCES, INC. 1 4.13% $2,914
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.13% $4,515
USAA Federal Savings Bank 1 7.50% $2,820
PROVIDENT FUNDING ASSOCIATES, L.P. 1 3.75% $3,958
ZILLOW HOME LOANS, LLC 1 6.75% $3,507
Wanigas Credit Union 1 5.75% $2,292
HOWARD HANNA FINANCIAL SERVICES, INC. 1 5.38% $4,003
RELIANCE FIRST CAPITAL, LLC 1 3.25% $5,561
Bethpage Federal Credit Union 1 4.75% $5,573
BAY EQUITY LLC 1 5.63% $4,122
INTERRA CREDIT UNION 1 5.50% $2,793
Associated Bank 1 4.25% $2,552
HOMESIDE FINANCIAL, LLC 1 5.38% $3,129
Sunflower Bank 1 5.38% $5,833
AmeriHome Mortgage Company, LLC 1 3.75% $3,318
The Farmers & Merchants State Bank 1 4.29% $2,296
GENISYS 1 3.13% $2,179
KeyBank 1 4.13% $4,317
LAFCU 1 3.38% $3,296
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.38% $2,887
LAKEVIEW LOAN SERVICING, LLC 1 4.13% $3,749
LEADERONE FINANCIAL CORPORATION 1 3.88% $4,529
THE MORTGAGE FIRM, INC. 1 5.13% $6,847
Low VA Rates, LLC 1 6.00% $4,428
Macatawa Bank 1 6.25% $3,190
Frankenmuth Credit Union 1 5.38% $0
Meijer Credit Union 1 4.25% $2,697
First National Bank of America 1 9.25% $6,208

BATTLE CREEK Average Closing Costs & Other Stats

BATTLE CREEK, MI's 132 lenders originated 3,558 loans during 2022. The total origination value was $539,760,000, with an average loan value of $151,703.

BATTLE CREEK's average closing costs are $3,732.

The top BATTLE CREEK lender as defined by loan originations is Kellogg Community Credit Union, with 134 loans originated. Their average total fees are $2,360, which is $3,216 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 ($564), MARSHALL COMMUNITY CREDIT UNION ($2,192), Honor Credit Union ($2,355), Kellogg Community Credit Union ($2,360) and FIRST CHOICE MH LLC ($2,549).

The lowest rate BATTLE CREEK lenders (with over 10 loans originated) are MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION (4.63%), JPMorgan Chase Bank (4.66%), County National Bank (4.70%), LAKE MICHIGAN CREDIT UNION (4.74%) and Neighborhood Loans, Inc. (4.76%).

BATTLE CREEK, 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 $71,790,000 $40,405,000 -43.7% 7.5%
Kellogg Community Credit Union $56,850,000 $36,870,000 -35.1% 6.8%
MARSHALL COMMUNITY CREDIT UNION $58,440,000 $34,930,000 -40.2% 6.5%
AMERIFIRST FINANCIAL CORPORATION $39,005,000 $28,125,000 -27.9% 5.2%
Fifth Third Bank $31,700,000 $20,965,000 -33.9% 3.9%
The Huntington National Bank $13,865,000 $19,655,000 41.8% 3.6%
Sturgis Bank & Trust Company $460,000 $15,085,000 3,179.3% 2.8%
MORTGAGE CENTER L.C $14,060,000 $14,410,000 2.5% 2.7%
UNITED WHOLESALE MORTGAGE, LLC $22,555,000 $13,610,000 -39.7% 2.5%
CONSUMERS $14,285,000 $13,345,000 -6.6% 2.5%
OAK MORTGAGE, LLC $8,920,000 $12,530,000 40.5% 2.3%
Mortgage Research Center, LLC $14,585,000 $12,255,000 -16.0% 2.3%
Arbor Realty Trust, Inc. $11,255,000 n/a 2.1%
OMNI Community Credit Union $15,535,000 $10,230,000 -34.1% 1.9%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $6,100,000 $8,715,000 42.9% 1.6%
Wintrust Bank, N.A. $8,005,000 $8,305,000 3.7% 1.5%
UNION HOME MORTGAGE CORP. $16,270,000 $8,290,000 -49.0% 1.5%
Neighborhood Loans, Inc. $9,170,000 $8,270,000 -9.8% 1.5%
ADVIA $4,770,000 $7,510,000 57.4% 1.4%
Flagstar Bank, FSB $14,315,000 $7,435,000 -48.1% 1.4%
Honor Credit Union $17,510,000 $7,425,000 -57.6% 1.4%
Southern Michigan Bank & Trust $13,005,000 $7,020,000 -46.0% 1.3%
Comerica Bank $4,775,000 $6,520,000 36.5% 1.2%
Independent Bank $5,990,000 $6,335,000 5.8% 1.2%
LAKE MICHIGAN CREDIT UNION $10,210,000 $6,305,000 -38.2% 1.2%
Capital One $14,565,000 $6,135,000 -57.9% 1.1%
CHERRY CREEK MORTGAGE, LLC $5,845,000 $5,520,000 -5.6% 1.0%
GVC MORTGAGE, INC. $1,870,000 $5,130,000 174.3% 1.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $5,200,000 $4,740,000 -8.8% 0.9%
Mr. Cooper ( Nationstar Mortgage ) $6,575,000 $4,380,000 -33.4% 0.8%
Homestead Savings Bank $7,645,000 $4,315,000 -43.6% 0.8%
CONTOUR MORTGAGE CORPORATION $780,000 $4,200,000 438.5% 0.8%
GUARANTEED RATE, INC. $6,515,000 $4,110,000 -36.9% 0.8%
FREEDOM MORTGAGE CORPORATION $12,800,000 $3,680,000 -71.3% 0.7%
Highpoint Community Bank $2,055,000 $3,580,000 74.2% 0.7%
ARBOR FINANCIAL CREDIT UNION $4,115,000 $3,575,000 -13.1% 0.7%
LOANDEPOT.COM, LLC $7,100,000 $3,330,000 -53.1% 0.6%
GreenStone Farm Credit Services, FLCA $6,950,000 $3,195,000 -54.0% 0.6%
NAVY FEDERAL CREDIT UNION $3,075,000 $3,180,000 3.4% 0.6%
CASE $55,000 $3,125,000 5,581.8% 0.6%
County National Bank $1,665,000 $3,075,000 84.7% 0.6%
FIRST CHOICE MH LLC $1,120,000 $2,855,000 154.9% 0.5%
PNC Bank $5,085,000 $2,825,000 -44.4% 0.5%
SUCCESS MORTGAGE PARTNERS, INC. $8,450,000 $2,780,000 -67.1% 0.5%
The Dart Bank $3,255,000 $2,695,000 -17.2% 0.5%
RUOFF MORTGAGE COMPANY, INC. $4,225,000 $2,685,000 -36.4% 0.5%
CROSSCOUNTRY MORTGAGE, LLC $1,180,000 $2,655,000 125.0% 0.5%
Wells Fargo Bank $6,320,000 $2,625,000 -58.5% 0.5%
JPMorgan Chase Bank $2,445,000 $2,570,000 5.1% 0.5%
USAA Federal Savings Bank $3,100,000 $2,485,000 -19.8% 0.5%
Old National Bank $7,940,000 $2,430,000 -69.4% 0.5%
MORTGAGE 1 INCORPORATED $4,005,000 $2,240,000 -44.1% 0.4%
Eaton Community Bank $940,000 $2,195,000 133.5% 0.4%
MEMBER FIRST MORTGAGE, LLC $2,370,000 $2,165,000 -8.6% 0.4%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $1,770,000 $2,110,000 19.2% 0.4%
SUMMIT HOME MORTGAGE, LLC $5,635,000 $2,005,000 -64.4% 0.4%
NEWREZ LLC $4,775,000 $1,980,000 -58.5% 0.4%
AMERISAVE MORTGAGE CORPORATION $4,740,000 $1,915,000 -59.6% 0.4%
Northpointe Bank $1,810,000 $1,895,000 4.7% 0.4%
BROKER SOLUTIONS, INC. $3,485,000 $1,750,000 -49.8% 0.3%
Horizon Bank $1,320,000 $1,735,000 31.4% 0.3%
EVERETT FINANCIAL, INC. $105,000 $1,715,000 1,533.3% 0.3%
LAFCU $100,000 $1,705,000 1,605.0% 0.3%
ORIX REAL ESTATE CAPITAL, LLC $1,615,000 n/a 0.3%
CALIBER HOME LOANS, INC. $4,960,000 $1,590,000 -67.9% 0.3%
Consumers Professional Credit Union $1,365,000 n/a 0.3%
NEW DAY FINANCIAL, LLC $2,050,000 $1,290,000 -37.1% 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,555,000 $1,265,000 -18.6% 0.2%
VILLAGE CAPITAL MORTGAGE $2,400,000 $1,265,000 -47.3% 0.2%
INLANTA MORTGAGE, INC. $1,760,000 $1,195,000 -32.1% 0.2%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $1,085,000 n/a 0.2%
KALSEE CREDIT UNION $2,490,000 $1,070,000 -57.0% 0.2%
First Merchants Bank $1,035,000 n/a 0.2%
PENNYMAC LOAN SERVICES, LLC $4,785,000 $1,030,000 -78.5% 0.2%
ROYAL UNITED MORTGAGE LLC $1,205,000 $1,025,000 -14.9% 0.2%
HOME POINT FINANCIAL CORPORATION $2,195,000 $995,000 -54.7% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $765,000 $950,000 24.2% 0.2%
CHURCHILL MORTGAGE CORPORATION $1,390,000 $945,000 -32.0% 0.2%
NORTHERN MORTGAGE SERVICES, LLC $1,565,000 $930,000 -40.6% 0.2%
LENDINGHOME FUNDING CORPORATION $65,000 $860,000 1,223.1% 0.2%
VAN DYK MORTGAGE CORPORATION $1,215,000 $860,000 -29.2% 0.2%
MICHIGAN MUTUAL, INC. $1,515,000 $850,000 -43.9% 0.2%
CMG MORTGAGE, INC. $195,000 $845,000 333.3% 0.2%
LAKEVIEW LOAN SERVICING, LLC $3,060,000 $820,000 -73.2% 0.2%
Union Bank $765,000 n/a 0.1%
SUN WEST MORTGAGE COMPANY, INC. $650,000 $735,000 13.1% 0.1%
Mercantile Bank of Michigan $2,550,000 $730,000 -71.4% 0.1%
Bank of America $1,700,000 $720,000 -57.6% 0.1%
ALLIED MORTGAGE GROUP, INC. $710,000 n/a 0.1%
Citizens Bank $860,000 $705,000 -18.0% 0.1%
FLAT BRANCH MORTGAGE, INC. $645,000 n/a 0.1%
TRIAD FINANCIAL SERVICES, INC. $690,000 $640,000 -7.2% 0.1%
Carrington Mortgage Services, LLC $2,010,000 $635,000 -68.4% 0.1%
PURDUE FEDERAL CREDIT UNION $165,000 $630,000 281.8% 0.1%
UNIVERSITY LENDING GROUP, LLC $145,000 $600,000 313.8% 0.1%
The Federal Savings Bank $465,000 $590,000 26.9% 0.1%
MID AMERICA MORTGAGE, INC. $660,000 $565,000 -14.4% 0.1%
ACADEMY MORTGAGE CORPORATION $695,000 $555,000 -20.1% 0.1%
21ST MORTGAGE CORPORATION $2,030,000 $550,000 -72.9% 0.1%
GREENSTATE CREDIT UNION $535,000 n/a 0.1%
Wyndham Capital Mortgage, Inc. $320,000 $520,000 62.5% 0.1%
Plains Commerce Bank $515,000 n/a 0.1%
SPRING EQ, LLC $25,000 $505,000 1,920.0% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $950,000 $470,000 -50.5% 0.1%
Nations Lending Corporation $570,000 $465,000 -18.4% 0.1%
First Guaranty Mortgage Corporation $700,000 $440,000 -37.1% 0.1%
HALLMARK HOME MORTGAGE, LLC $440,000 n/a 0.1%
United Bay Community Credit Union $255,000 $440,000 72.5% 0.1%
RELIANCE FIRST CAPITAL, LLC $340,000 $415,000 22.1% 0.1%
PLANET HOME LENDING, LLC $535,000 $410,000 -23.4% 0.1%
The State Bank $410,000 n/a 0.1%
BNC National Bank $405,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $1,525,000 $400,000 -73.8% 0.1%
KeyBank $5,260,000 $400,000 -92.4% 0.1%
BETTER MORTGAGE CORPORATION $3,535,000 $390,000 -89.0% 0.1%
GENEVA FINANCIAL, LLC $200,000 $375,000 87.5% 0.1%
Low VA Rates, LLC $510,000 $370,000 -27.5% 0.1%
PLAZA HOME MORTGAGE, INC. $645,000 $360,000 -44.2% 0.1%
Paramount Residential Mortgage Group, Inc. $1,540,000 $350,000 -77.3% 0.1%
HomePromise Corporation $345,000 n/a 0.1%
GENISYS $75,000 $340,000 353.3% 0.1%
MICHIGAN SCHOOLS AND GOVERNMENT $235,000 $335,000 42.6% 0.1%
United Bank of Michigan $85,000 $330,000 288.2% 0.1%
U.S. Bank $1,480,000 $330,000 -77.7% 0.1%
THE MORTGAGE FIRM, INC. $315,000 n/a 0.1%
FINANCE OF AMERICA MORTGAGE LLC $1,510,000 $310,000 -79.5% 0.1%
Barrington Bank & Trust Company, N.A. $585,000 $300,000 -48.7% 0.1%
Figure Lending LLC $555,000 $295,000 -46.8% 0.1%
NFM, INC. $295,000 n/a 0.1%
Equity Prime Mortgage LLC $290,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $1,660,000 $290,000 -82.5% 0.1%
Hometown Lenders, Inc. $500,000 $285,000 -43.0% 0.1%
DATA MORTGAGE, INC. $280,000 n/a 0.1%
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $280,000 n/a 0.1%
INB $275,000 n/a 0.1%
DOW CHEMICAL EMPLOYEES' $85,000 $270,000 217.6% 0.1%
PLUS RELOCATION MORTGAGE, LLC $205,000 $265,000 29.3% 0.0%
CLEARPATH LENDING $1,745,000 $255,000 -85.4% 0.0%
Regions Bank $250,000 n/a 0.0%
Associated Bank $55,000 $235,000 327.3% 0.0%
West Michigan Credit Union $235,000 n/a 0.0%
UNITED $355,000 $230,000 -35.2% 0.0%
PFCU $145,000 $225,000 55.2% 0.0%
Wanigas Credit Union $225,000 n/a 0.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $850,000 $215,000 -74.7% 0.0%
NBKC BANK $215,000 n/a 0.0%
ZILLOW HOME LOANS, LLC $275,000 $215,000 -21.8% 0.0%
Hometown Equity Mortgage, LLC $210,000 n/a 0.0%
Crossroads Bank $205,000 n/a 0.0%
Discover Bank $275,000 $205,000 -25.5% 0.0%
HOWARD HANNA FINANCIAL SERVICES, INC. $205,000 n/a 0.0%
LIBERTY HOME MORTGAGE CORPORATION $205,000 n/a 0.0%
UNIVERSITY OF MICHIGAN CREDIT UNION $590,000 $200,000 -66.1% 0.0%
AMERICAN ADVISORS GROUP $70,000 $195,000 178.6% 0.0%
DELMAR FINANCIAL COMPANY $195,000 n/a 0.0%
Old Second National Bank $195,000 n/a 0.0%
PHH Mortgage Corporation $125,000 $190,000 52.0% 0.0%
Farmers State Bank $185,000 n/a 0.0%
Frankenmuth Credit Union $580,000 $185,000 -68.1% 0.0%
MY MORTGAGE, INC. $185,000 n/a 0.0%
The Farmers & Merchants State Bank $185,000 n/a 0.0%
BAY EQUITY LLC $175,000 n/a 0.0%
Citadel Servicing Corporation $235,000 $175,000 -25.5% 0.0%
Residential Mortgage Solutions, Inc. $175,000 n/a 0.0%
Texana Bank $175,000 n/a 0.0%
TOWNE MORTGAGE COMPANY $95,000 $175,000 84.2% 0.0%
Bank of England $125,000 $165,000 32.0% 0.0%
BIRMINGHAM-BLOOMFIELD Credit Union $165,000 n/a 0.0%
DAS Acquisition Company, LLC $165,000 n/a 0.0%
First Farmers Bank and Trust Company $165,000 n/a 0.0%
LENDINGONE, LLC $160,000 n/a 0.0%
MICHIGAN FIRST CREDIT UNION $170,000 $160,000 -5.9% 0.0%
ARC HOME LLC $245,000 $155,000 -36.7% 0.0%
FIRST COMMUNITY MORTGAGE, INC. $155,000 n/a 0.0%
First Federal Bank $280,000 $155,000 -44.6% 0.0%
First National Bank of America $95,000 $155,000 63.2% 0.0%
LEADERONE FINANCIAL CORPORATION $155,000 n/a 0.0%
NATIONS DIRECT MORTGAGE, LLC $425,000 $155,000 -63.5% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $450,000 $145,000 -67.8% 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $145,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $360,000 $145,000 -59.7% 0.0%
Lakeview Community Capital, LLC $145,000 n/a 0.0%
ONE NEVADA CREDIT UNION $145,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $115,000 $140,000 21.7% 0.0%
ChoiceOne Bank $45,000 $135,000 200.0% 0.0%
Ixonia Bank $135,000 n/a 0.0%
Sunflower Bank $175,000 $135,000 -22.9% 0.0%
ENVOY MORTGAGE, LTD $335,000 $125,000 -62.7% 0.0%
The State Bank and Trust Company $135,000 $120,000 -11.1% 0.0%
INTERRA CREDIT UNION $115,000 n/a 0.0%
Preston Home Loans Inc $380,000 $115,000 -69.7% 0.0%
Macatawa Bank $105,000 n/a 0.0%
Meijer Credit Union $105,000 n/a 0.0%
MIDWEST LOAN SOLUTIONS, INC. $105,000 n/a 0.0%
NATIONS RELIABLE LENDING, LLC $125,000 $105,000 -16.0% 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $105,000 n/a 0.0%
COMMUNITY CHOICE CREDIT UNION $45,000 $100,000 122.2% 0.0%
AmeriHome Mortgage Company, LLC $450,000 $95,000 -78.9% 0.0%
CIVIC FINANCIAL SERVICES, LLC $95,000 n/a 0.0%
NETWORK CAPITAL FUNDING CORPORATION $95,000 n/a 0.0%
Secured Investment Corp. $95,000 n/a 0.0%
Truist $95,000 n/a 0.0%
Bethpage Federal Credit Union $85,000 n/a 0.0%
HAMILTON HOME LOANS, INC. $85,000 n/a 0.0%
TOP FLITE FINANCIAL, INC. $240,000 $85,000 -64.6% 0.0%
CREDIT UNION ONE $45,000 $65,000 44.4% 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $65,000 n/a 0.0%
INOVA FEDERAL CREDIT UNION $55,000 n/a 0.0%
ADVANTAGE ONE Credit Union $45,000 n/a 0.0%
REVERSE MORTGAGE FUNDING LLC $45,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $635,000 $25,000 -96.1% 0.0%
Public Service Credit Union $15,000 n/a 0.0%

BATTLE CREEK's top lender by overall market share is QUICKEN LOANS, LLC, with 7.5% market share. In second place, with 6.8%, is Kellogg Community Credit Union, having originated $36,870,000 in loans. In third place, with 6.5%, is MARSHALL COMMUNITY CREDIT UNION, having originated $34,930,000 in loans. In fourth place, with 5.2%, is AMERIFIRST FINANCIAL CORPORATION, having originated $28,125,000 in loans. In fifth place, with 3.9%, is Fifth Third Bank, having originated $20,965,000 in loans.


BATTLE CREEK Housing Market Trends (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 $99,900 (5.3%) $163,199 (19.6%) 0.37 400
2018-02-01 $98,650 (-0.7%) $163,307 (17.8%) 0.36 363
2018-03-01 $99,950 (1.0%) $171,913 (21.5%) 0.38 331
2018-04-01 $126,900 (20.9%) $180,830 (6.8%) 0.43 345
2018-05-01 $143,225 (21.7%) $188,387 (10.2%) 0.49 373
2018-06-01 $144,900 (16.0%) $192,222 (13.1%) 0.48 422
2018-07-01 $142,750 (14.3%) $188,845 (8.9%) 0.47 450
2018-08-01 $139,950 (12.1%) $186,153 (6.0%) 0.47 477
2018-09-01 $139,900 (18.6%) $187,947 (11.1%) 0.46 495
2018-10-01 $139,900 (22.8%) $188,533 (13.1%) 0.47 469
2018-11-01 $132,750 (20.7%) $177,359 (6.6%) 0.45 456
2018-12-01 $136,750 (25.5%) $178,660 (9.6%) 0.46 445
2019-01-01 $131,850 (32.0%) $174,765 (7.1%) 0.46 404
2019-02-01 $135,625 (37.5%) $178,911 (9.6%) 0.45 374
2019-03-01 $137,214 (37.3%) $181,251 (5.4%) 0.44 367
2019-04-01 $141,700 (11.7%) $193,515 (7.0%) 0.43 370
2019-05-01 $151,200 (5.6%) $209,022 (11.0%) 0.46 379
2019-06-01 $169,900 (17.3%) $228,299 (18.8%) 0.51 369
2019-07-01 $169,900 (19.0%) $227,364 (20.4%) 0.50 402
2019-08-01 $169,473 (21.1%) $222,001 (19.3%) 0.51 424
2019-09-01 $161,332 (15.3%) $210,904 (12.2%) 0.50 437
2019-10-01 $155,905 (11.4%) $203,506 (7.9%) 0.50 437
2019-11-01 $149,900 (12.9%) $201,436 (13.6%) 0.49 393
2019-12-01 $146,722 (7.3%) $190,706 (6.7%) 0.49 360
2020-01-01 $145,000 (10.0%) $185,471 (6.1%) 0.48 340
2020-02-01 $143,000 (5.4%) $190,437 (6.4%) 0.45 323
2020-03-01 $145,973 (6.4%) $202,831 (11.9%) 0.46 274
2020-04-01 $139,800 (-1.3%) $198,170 (2.4%) 0.44 270
2020-05-01 $149,900 (-0.9%) $206,896 (-1.0%) 0.46 265
2020-06-01 $172,450 (1.5%) $229,298 (0.4%) 0.51 250
2020-07-01 $193,450 (13.9%) $245,000 (7.8%) 0.55 227
2020-08-01 $198,000 (16.8%) $234,670 (5.7%) 0.56 230
2020-09-01 $164,900 (2.2%) $212,997 (1.0%) 0.47 243
2020-10-01 $160,000 (2.6%) $224,258 (10.2%) 0.46 237
2020-11-01 $159,950 (6.7%) $217,989 (8.2%) 0.46 229
2020-12-01 $154,025 (5.0%) $210,136 (10.2%) 0.45 229
2021-01-01 $150,000 (3.5%) $208,524 (12.4%) 0.46 206
2021-02-01 $154,100 (7.8%) $232,360 (22.0%) 0.45 153
2021-03-01 $177,400 (21.5%) $256,039 (26.2%) 0.48 114
2021-04-01 $181,250 (29.7%) $274,000 (38.3%) 0.48 102
2021-05-01 $185,000 (23.4%) $269,882 (30.4%) 0.47 119
2021-06-01 $174,950 (1.5%) $266,853 (16.4%) 0.43 170
2021-07-01 $159,950 (-17.3%) $269,977 (10.2%) 0.40 209
2021-08-01 $167,400 (-15.5%) $254,645 (8.5%) 0.43 233
2021-09-01 $158,000 (-4.2%) $250,827 (17.8%) 0.42 224
2021-10-01 $159,900 (-0.1%) $245,684 (9.6%) 0.41 218
2021-11-01 $171,450 (7.2%) $269,144 (23.5%) 0.45 186
2021-12-01 $159,900 (3.8%) $279,974 (33.2%) 0.43 155
2022-01-01 $159,900 (6.6%) $266,074 (27.6%) 0.41 140
2022-02-01 $164,400 (6.7%) $293,064 (26.1%) 0.41 116
2022-03-01 $193,675 (9.2%) $317,304 (23.9%) 0.48 114
2022-04-01 $199,900 (10.3%) $326,376 (19.1%) 0.47 121
2022-05-01 $222,475 (20.3%) $315,910 (17.1%) 0.50 170
2022-06-01 $215,500 (23.2%) $308,827 (15.7%) 0.47 208
2022-07-01 $198,500 (24.1%) $289,316 (7.2%) 0.44 254
2022-08-01 $199,975 (19.5%) $282,110 (10.8%) 0.47 256
2022-09-01 $197,425 (25.0%) $255,429 (1.8%) 0.00 271
2022-10-01 $185,000 (15.7%) $247,659 (0.8%) 0.00 277
2022-11-01 $188,200 (9.8%) $251,686 (-6.5%) 0.00 283
2022-12-01 $192,450 (20.4%) $244,807 (-12.6%) 0.00 249
2023-01-01 $189,900 (18.8%) $233,548 (-12.2%) 0.00 199
2023-02-01 $182,450 (11.0%) $218,362 (-25.5%) 0.00 168
2023-03-01 $195,000 (0.7%) $265,729 (-16.3%) 0.00 161
2023-04-01 $234,500 (17.3%) $288,619 (-11.6%) 0.00 146
2023-05-01 $249,925 (12.3%) $298,362 (-5.6%) 0.00 166
2023-06-01 $244,200 (13.3%) $300,964 (-2.6%) 0.00 170
2023-07-01 $239,900 (20.9%) $297,153 (2.7%) 0.00 196
2023-08-01 $227,425 (13.7%) $294,981 (4.6%) 0.00 212
2023-09-01 $220,000 (11.4%) $284,849 (11.5%) 0.00 220
2023-10-01 $228,725 (23.6%) $283,737 (14.6%) 0.00 231
2023-11-01 $217,450 (15.5%) $272,129 (8.1%) 0.00 238
2023-12-01 $199,000 (3.4%) $254,847 (4.1%) 0.00 209
2024-01-01 $195,475 (2.9%) $242,680 (3.9%) 0.00 191
BATTLE CREEK's median listing price for 2024-01-01 was $195,475, a difference of $5,575 (2.9%) versus the prior year and $-3,525 versus the prior month.

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

BATTLE CREEK's average listing price for 2024-01-01 was $242,680, a difference of $9,132 (3.9%) versus the prior year and $-12,167 versus the prior month.

For the 2024-01-01 period, BATTLE CREEK had 191 MLS listings, a difference of -18 listings (-9%) versus the prior month and -8 listings (-4%) 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 1,559 sqft
2018-02-01 72 days 1,576 sqft
2018-03-01 61 days 1,636 sqft
2018-04-01 50 days 1,673 sqft
2018-05-01 45 days 1,744 sqft
2018-06-01 42 days 1,800 sqft
2018-07-01 45 days 1,699 sqft
2018-08-01 43 days 1,722 sqft
2018-09-01 45 days 1,719 sqft
2018-10-01 54 days 1,701 sqft
2018-11-01 60 days 1,661 sqft
2018-12-01 69 days 1,662 sqft
2019-01-01 72 days 1,628 sqft
2019-02-01 65 days 1,581 sqft
2019-03-01 57 days 1,591 sqft
2019-04-01 51 days 1,618 sqft
2019-05-01 45 days 1,635 sqft
2019-06-01 50 days 1,698 sqft
2019-07-01 51 days 1,740 sqft
2019-08-01 52 days 1,777 sqft
2019-09-01 52 days 1,766 sqft
2019-10-01 56 days 1,762 sqft
2019-11-01 57 days 1,679 sqft
2019-12-01 68 days 1,742 sqft
2020-01-01 73 days 1,682 sqft
2020-02-01 66 days 1,620 sqft
2020-03-01 62 days 1,690 sqft
2020-04-01 62 days 1,636 sqft
2020-05-01 72 days 1,710 sqft
2020-06-01 58 days 1,768 sqft
2020-07-01 52 days 1,754 sqft
2020-08-01 53 days 1,674 sqft
2020-09-01 49 days 1,558 sqft
2020-10-01 49 days 1,556 sqft
2020-11-01 57 days 1,556 sqft
2020-12-01 60 days 1,568 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 1,592 sqft
2021-05-01 42 days 1,616 sqft
2021-06-01 34 days 1,616 sqft
2021-07-01 35 days 1,616 sqft
2021-08-01 37 days 1,591 sqft
2021-09-01 46 days 1,528 sqft
2021-10-01 49 days 1,579 sqft
2021-11-01 53 days 1,605 sqft
2021-12-01 61 days 1,598 sqft
2022-01-01 67 days 1,566 sqft
2022-02-01 76 days 1,525 sqft
2022-03-01 59 days 1,575 sqft
2022-04-01 42 days 1,616 sqft
2022-05-01 32 days 1,608 sqft
2022-06-01 35 days 1,595 sqft
2022-07-01 42 days 1,616 sqft
2022-08-01 43 days 1,586 sqft
2022-09-01 0 days 1,624 sqft
2022-10-01 0 days 1,616 sqft
2022-11-01 0 days 1,571 sqft
2022-12-01 0 days 1,616 sqft
2023-01-01 0 days 1,587 sqft
2023-02-01 0 days 1,616 sqft
2023-03-01 0 days 1,616 sqft
2023-04-01 0 days 1,616 sqft
2023-05-01 0 days 1,616 sqft
2023-06-01 0 days 1,616 sqft
2023-07-01 0 days 1,616 sqft
2023-08-01 0 days 1,557 sqft
2023-09-01 0 days 1,584 sqft
2023-10-01 0 days 1,568 sqft
2023-11-01 0 days 1,532 sqft
2023-12-01 0 days 1,491 sqft
2024-01-01 0 days 1,495 sqft
BATTLE CREEK's median listing age (time on market) for 2024-01-01 was 0 days.

BATTLE CREEK's median square footage for active listings during the 2024-01-01 period was 1,495 sqft. One year prior, the average listing was 1,587 sqft.

BATTLE CREEK, MI Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
48813 Battle Creek, MI $670 $700 $860 $1,110 $1,170
49011 Battle Creek, MI $650 $720 $910 $1,180 $1,280
49012 Battle Creek, MI $590 $680 $840 $1,110 $1,200
49014 Battle Creek, MI $640 $710 $890 $1,150 $1,250
49015 Battle Creek, MI $680 $760 $950 $1,230 $1,340
49016 Battle Creek, MI $600 $670 $840 $1,090 $1,180
49017 Battle Creek, MI $620 $680 $860 $1,120 $1,210
49021 Battle Creek, MI $670 $710 $870 $1,120 $1,190
49029 Battle Creek, MI $540 $600 $760 $980 $1,070
49033 Battle Creek, MI $630 $700 $880 $1,140 $1,240
49034 Battle Creek, MI $560 $640 $800 $1,060 $1,140
49037 Battle Creek, MI $570 $640 $800 $1,040 $1,130
49051 Battle Creek, MI $740 $820 $1,030 $1,340 $1,450
49052 Battle Creek, MI $560 $640 $800 $1,060 $1,140
49068 Battle Creek, MI $580 $650 $810 $1,050 $1,140
49076 Battle Creek, MI $640 $670 $820 $1,060 $1,140
49092 Battle Creek, MI $590 $650 $820 $1,060 $1,150
49094 Battle Creek, MI $540 $600 $760 $980 $1,070
49224 Battle Creek, MI $570 $640 $780 $1,010 $1,100
49237 Battle Creek, MI $580 $690 $810 $1,060 $1,190
49245 Battle Creek, MI $570 $640 $790 $1,020 $1,110
49252 Battle Creek, MI $570 $650 $770 $1,010 $1,130
49284 Battle Creek, MI $680 $790 $950 $1,240 $1,370

2022 Average & Median Rent Data Statistics
BATTLE CREEK, MI average 1BR rent: $680, median: $670
BATTLE CREEK, MI average 2BR rent: $843, median: $820
BATTLE CREEK, MI average 3BR rent: $1,097, median: $1,060

BATTLE CREEK, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,744 $306,220,000 $175,585
Cash Out Refi 681 $107,075,000 $157,232
Refi 603 $93,785,000 $155,531
Home Improvement 333 $17,765,000 $53,348
Other 197 $14,915,000 $75,711

Battle Creek's most frequently cited loan purpose was Home Purchase, with 1,744 originations. The 2nd most popular reason was Cash Out Refi, with 681 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 939 $143,355,000 $152,668
4-5% 767 $112,795,000 $147,060
3-4% 669 $107,945,000 $161,353
6-7% 479 $67,835,000 $141,618
2.5-3% 187 $26,225,000 $140,241
Over 8% 160 $9,750,000 $60,938
7-8% 160 $17,320,000 $108,250
<2.5% 87 $11,615,000 $133,506

During 2022, Battle Creek's most frequently originated rate bucket was 5-6%, with 939 originations.

Loan Sizing (BATTLE CREEK, MI MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 1,482 $212,230,000 $143,205
$100,000 or less 1,390 $82,220,000 $59,151
$200k-400k 608 $158,300,000 $260,362
$400k-600k 53 $24,675,000 $465,566
$600k-1000k 13 $8,955,000 $688,846
$Over $1MM 12 $53,380,000 $4,448,333

BATTLE CREEK's loan sizing saw the bucket of loans from $100k-200k with 1,482 originations, totaling $212,230,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,447 $256,675,000 $177,384
60-80% 918 $150,970,000 $164,455
40-60% 388 $46,900,000 $120,876
20-40% 370 $25,800,000 $69,730
Under 20% 284 $12,120,000 $42,676
Over 100% 23 $6,635,000 $288,478

BATTLE CREEK's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,447 originations, totaling $256,675,000 in origination value.