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.).
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.
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.
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.
