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 7.13% for the week of 2025-06-18, compared to the national average of 6.81% for the same period.

The average rate for the prior week (2025-06-12) was 7.06% and one month ago for the week of 2025-05-15, the average rate was 6.93%.

Battle Creek's average rate one year ago was 7.17%.

For refis of the same type during the week of 2025-06-18, the average rate was 7.09%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-06-18 6.81%
Battle Creek 30 Year Fixed Rate 2025-06-18 7.13%
Battle Creek 30 Year Fixed Rate Refi 2025-06-18 7.09%
Battle Creek 15 Year Fixed Rate 2025-06-18 5.96%
Battle Creek 15 Year Fixed Rate Refi 2025-06-18 6.46%
Battle Creek 30 Year FHA 2025-06-18 0.27%
Battle Creek 30 Year FHA Refi 2025-06-18 -0.2%
Battle Creek 30 Year USDA 2025-06-18 -0.2%
Battle Creek 30 Year USDA Refi 2025-06-18 -0.1%
Battle Creek 30 Year VA 2025-06-18 0.12%
Battle Creek 30 Year VA Refi 2025-06-18 0%
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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
QUICKEN LOANS, LLC 81 6.75% $5,323
Kellogg Community Credit Union 77 6.78% $2,610
MARSHALL COMMUNITY CREDIT UNION 67 6.55% $2,494
OAK MORTGAGE, LLC 57 6.73% $3,049
UNITED WHOLESALE MORTGAGE, LLC 53 6.85% $5,765
Fifth Third Bank 49 6.82% $3,211
UNION HOME MORTGAGE CORP. 47 7.15% $4,711
CONSUMERS 40 6.91% $3,081
LAKE MICHIGAN CREDIT UNION 36 6.63% $3,178
MORTGAGE CENTER L.C 32 6.42% $3,373
GVC MORTGAGE, INC. 31 6.86% $5,537
FIRST CHOICE MH LLC 31 10.32% $1,374
The Huntington National Bank 28 6.80% $3,486
OMNI Community Credit Union 26 6.76% $3,711
Flagstar Bank, FSB 26 6.81% $3,503
Honor Credit Union 24 6.46% $2,619
SUMMIT HOME MORTGAGE, LLC 24 6.87% $4,433
SUCCESS MORTGAGE PARTNERS, INC. 14 6.73% $5,203
CONTOUR MORTGAGE CORPORATION 14 6.79% $4,944
RUOFF MORTGAGE COMPANY, INC. 11 6.50% $2,974
ARBOR FINANCIAL CREDIT UNION 10 6.86% $3,340
The Dart Bank 8 7.08% $4,055
CROSSCOUNTRY MORTGAGE, LLC 8 6.86% $4,580
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 8 6.75% $3,303
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 7 6.70% $4,596
GUARANTEED RATE, INC. 7 6.63% $3,774
Wells Fargo Bank 7 6.89% $4,994
FIRST COMMUNITY MORTGAGE, INC. 6 7.37% $4,403
Independent Bank 5 6.98% $3,540
NEWREZ LLC 5 7.12% $5,214
GUILD MORTGAGE COMPANY 5 6.38% $5,692
JPMorgan Chase Bank 5 6.65% $2,989
LOANDEPOT.COM, LLC 5 6.45% $7,227
ZILLOW HOME LOANS, LLC 4 7.19% $4,402
Mercantile Bank of Michigan 4 6.94% $4,489
KALSEE CREDIT UNION 4 6.66% $3,080
Mr. Cooper ( Nationstar Mortgage ) 4 7.38% $6,395
Waterstone Mortgage Corporation 4 7.25% $4,871
BROKER SOLUTIONS, INC. 4 6.72% $5,177
Carrington Mortgage Services, LLC 4 7.41% $6,698
USAA Federal Savings Bank 3 6.63% $3,040
U.S. Bank 3 6.50% $3,195
MORTGAGE 1 INCORPORATED 3 6.79% $4,893
VAN DYK MORTGAGE CORPORATION 3 6.42% $1,531
EVERETT FINANCIAL, INC. 3 6.50% $4,348
MEMBER FIRST MORTGAGE, LLC 3 7.04% $3,139
TOP FLITE FINANCIAL, INC. 3 6.83% $2,989
ROYAL UNITED MORTGAGE LLC 3 6.79% $7,824
CHURCHILL MORTGAGE CORPORATION 3 6.58% $5,543
Prosperity Home Mortgage, LLC 3 7.13% $5,640
Horizon Bank 3 6.67% $4,715
NORTHERN MORTGAGE SERVICES, LLC 3 7.12% $3,792
PENNYMAC LOAN SERVICES, LLC 3 6.83% $5,155
MICHIGAN MUTUAL, INC. 2 7.18% $4,033
CMG MORTGAGE, INC. 2 7.38% $5,029
Discover Bank 2 7.19% $0
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.06% $3,957
FIRST COLONY MORTGAGE CORPORATION 2 6.56% $2,431
MICHIGAN FIRST CREDIT UNION 2 5.75% $3,494
Mortgage Research Center, LLC 2 6.81% $1,471
NexBank 2 7.00% $4,470
Old National Bank 2 6.81% $2,901
Pacor Mortgage Corp 2 6.88% $2,839
Plains Commerce Bank 2 6.63% $7,158
PNC Bank 2 6.81% $3,113
STAUNTON FINANCIAL, INC. 2 6.75% $3,736
T2 FINANCIAL LLC 2 6.69% $3,406
The Federal Savings Bank 2 7.44% $5,838
The Loan Store, Inc. 2 6.50% $2,020
TLC COMMUNITY Credit Union 2 6.19% $2,834
Washington Trust Bank 2 7.00% $2,566
Citibank 1 7.13% $4,114
JMAC LENDING, INC. 1 6.49% $8,964
ChoiceOne Bank 1 7.00% $4,093
PLAZA HOME MORTGAGE, INC. 1 6.99% $4,759
PLUS RELOCATION MORTGAGE, LLC 1 7.38% $6,451
BETTER MORTGAGE CORPORATION 1 6.50% $7,786
PREMIA MORTGAGE, LLC 1 6.55% $0
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.99% $6,421
HOMEXPRESS MORTGAGE CORP. 1 8.50% $5,914
HOMESIDE FINANCIAL, LLC 1 6.63% $2,683
HANSCOM 1 6.63% $3,578
GreenStone Farm Credit Services, FLCA 1 7.00% $4,404
Barrington Bank & Trust Company, N.A. 1 6.38% $4,171
Farmers State Bank 1 7.10% $3,121
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 5.99% $3,147
Bank of America 1 6.88% $3,156
TEACHERS CREDIT UNION 1 7.13% $3,056
DESCO 1 5.50% $3,258
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.88% $6,169
DELMAR FINANCIAL COMPANY 1 5.75% $8,402
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.38% $3,622
The State Bank and Trust Company 1 6.50% $3,795
AmeriHome Mortgage Company, LLC 1 7.13% $7,430
MORTGAGE ACCESS CORP. 1 6.88% $5,715
Comerica Bank 1 6.63% $3,469
MOVEMENT MORTGAGE, LLC 1 7.31% $3,434
MMS MORTGAGE SERVICES, LTD. 1 6.88% $3,218
NAVY FEDERAL CREDIT UNION 1 6.75% $2,131
MICHIGAN SCHOOLS AND GOVERNMENT 1 5.75% $2,150
TOWNE MORTGAGE COMPANY 1 6.88% $3,931
NMSI, INC. 1 9.00% $7,516
AMERICAN FINANCING CORPORATION 1 5.88% $4,480
LENDSURE MORTGAGE CORP. 1 8.00% $9,390
Union Bank 1 7.50% $2,789
Leader Bank 1 6.88% $4,143

BATTLE CREEK Average Closing Costs & Other Stats

BATTLE CREEK, MI's 106 lenders originated 2,786 loans during 2024. The total origination value was $417,620,000, with an average loan value of $149,899.

BATTLE CREEK's average closing costs are $4,012.

The top BATTLE CREEK lender as defined by loan originations is QUICKEN LOANS, LLC, with 81 loans originated. Their average total fees are $5,323, which is $2,712 higher than the next largest lender, Kellogg Community Credit Union.

The lowest fee BATTLE CREEK lenders (with over 10 loans originated) are FIRST CHOICE MH LLC ($1,374), MARSHALL COMMUNITY CREDIT UNION ($2,494), Kellogg Community Credit Union ($2,610), Honor Credit Union ($2,619) and RUOFF MORTGAGE COMPANY, INC. ($2,974).

The lowest rate BATTLE CREEK lenders (with over 10 loans originated) are MORTGAGE CENTER L.C (6.42%), Honor Credit Union (6.46%), RUOFF MORTGAGE COMPANY, INC. (6.50%), MARSHALL COMMUNITY CREDIT UNION (6.55%) and LAKE MICHIGAN CREDIT UNION (6.63%).

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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
QUICKEN LOANS, LLC $24,040,000 $30,795,000 28.1% 7.4%
MARSHALL COMMUNITY CREDIT UNION $31,270,000 $23,480,000 -24.9% 5.6%
UNITED WHOLESALE MORTGAGE, LLC $13,000,000 $22,905,000 76.2% 5.5%
Kellogg Community Credit Union $23,015,000 $22,380,000 -2.8% 5.4%
Fifth Third Bank $12,530,000 $16,405,000 30.9% 3.9%
UNION HOME MORTGAGE CORP. $19,095,000 $15,995,000 -16.2% 3.8%
OAK MORTGAGE, LLC $14,620,000 $13,825,000 -5.4% 3.3%
Mortgage Research Center, LLC $14,485,000 $13,245,000 -8.6% 3.2%
The Huntington National Bank $13,150,000 $13,080,000 -0.5% 3.1%
CONSUMERS $12,045,000 $10,985,000 -8.8% 2.6%
GVC MORTGAGE, INC. $4,695,000 $10,760,000 129.2% 2.6%
Honor Credit Union $10,790,000 $9,930,000 -8.0% 2.4%
LAKE MICHIGAN CREDIT UNION $8,195,000 $9,155,000 11.7% 2.2%
OMNI Community Credit Union $8,665,000 $8,305,000 -4.2% 2.0%
ADVIA $4,420,000 $7,750,000 75.3% 1.9%
Flagstar Bank, FSB $5,705,000 $7,620,000 33.6% 1.8%
MORTGAGE CENTER L.C $5,060,000 $6,285,000 24.2% 1.5%
SUCCESS MORTGAGE PARTNERS, INC. $1,870,000 $5,340,000 185.6% 1.3%
Barings Multifamily Capital $4,805,000 n/a 1.2%
SUMMIT HOME MORTGAGE, LLC $3,285,000 $4,675,000 42.3% 1.1%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $4,305,000 $4,040,000 -6.2% 1.0%
CONTOUR MORTGAGE CORPORATION $3,665,000 $4,005,000 9.3% 1.0%
Southern Michigan Bank & Trust $3,260,000 $3,710,000 13.8% 0.9%
Sturgis Bank & Trust Company $1,900,000 $3,245,000 70.8% 0.8%
GUARANTEED RATE, INC. $4,955,000 $3,225,000 -34.9% 0.8%
FIRST CHOICE MH LLC $2,835,000 $2,935,000 3.5% 0.7%
MORTGAGE 1 INCORPORATED $2,980,000 $2,855,000 -4.2% 0.7%
ARBOR FINANCIAL CREDIT UNION $1,765,000 $2,730,000 54.7% 0.7%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $1,045,000 $2,575,000 146.4% 0.6%
FREEDOM MORTGAGE CORPORATION $2,090,000 $2,525,000 20.8% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $1,975,000 $2,490,000 26.1% 0.6%
LOANDEPOT.COM, LLC $1,755,000 $2,475,000 41.0% 0.6%
RUOFF MORTGAGE COMPANY, INC. $1,630,000 $2,465,000 51.2% 0.6%
NAVY FEDERAL CREDIT UNION $2,985,000 $2,400,000 -19.6% 0.6%
FIRST COMMUNITY MORTGAGE, INC. $2,040,000 $2,320,000 13.7% 0.6%
21ST MORTGAGE CORPORATION $1,215,000 $2,290,000 88.5% 0.5%
PENNYMAC LOAN SERVICES, LLC $1,125,000 $2,285,000 103.1% 0.5%
PNC Bank $3,255,000 $2,130,000 -34.6% 0.5%
GreenStone Farm Credit Services, FLCA $3,240,000 $2,110,000 -34.9% 0.5%
CROSSCOUNTRY MORTGAGE, LLC $1,575,000 $2,075,000 31.7% 0.5%
MEMBER FIRST MORTGAGE, LLC $4,195,000 $2,045,000 -51.3% 0.5%
GUILD MORTGAGE COMPANY $675,000 $2,040,000 202.2% 0.5%
USAA Federal Savings Bank $1,325,000 $1,980,000 49.4% 0.5%
Independent Bank $3,255,000 $1,915,000 -41.2% 0.5%
Plains Commerce Bank $715,000 $1,895,000 165.0% 0.5%
Comerica Bank $2,670,000 $1,860,000 -30.3% 0.4%
The Dart Bank $4,390,000 $1,790,000 -59.2% 0.4%
LENDINGHOME FUNDING CORPORATION $435,000 $1,690,000 288.5% 0.4%
Wells Fargo Bank $835,000 $1,405,000 68.3% 0.3%
NEW DAY FINANCIAL, LLC $1,340,000 $1,390,000 3.7% 0.3%
NEWREZ LLC $1,470,000 $1,360,000 -7.5% 0.3%
Old National Bank $3,860,000 $1,340,000 -65.3% 0.3%
KALSEE CREDIT UNION $850,000 $1,270,000 49.4% 0.3%
JPMorgan Chase Bank $1,460,000 $1,210,000 -17.1% 0.3%
County National Bank $4,620,000 $1,205,000 -73.9% 0.3%
Mercantile Bank of Michigan $685,000 $1,195,000 74.5% 0.3%
Carrington Mortgage Services, LLC $980,000 $1,165,000 18.9% 0.3%
TOP FLITE FINANCIAL, INC. $600,000 $1,105,000 84.2% 0.3%
ZILLOW HOME LOANS, LLC $1,530,000 $1,085,000 -29.1% 0.3%
EVERETT FINANCIAL, INC. $815,000 $1,060,000 30.1% 0.3%
CMG MORTGAGE, INC. $125,000 $1,055,000 744.0% 0.3%
CARDINAL FINANCIAL $1,315,000 $1,045,000 -20.5% 0.3%
Homestead Savings Bank $2,605,000 $1,030,000 -60.5% 0.2%
Prosperity Home Mortgage, LLC $505,000 $985,000 95.0% 0.2%
Lake City Bank $925,000 n/a 0.2%
VILLAGE CAPITAL MORTGAGE $380,000 $900,000 136.8% 0.2%
CHURCHILL MORTGAGE CORPORATION $395,000 $880,000 122.8% 0.2%
U.S. Bank $150,000 $855,000 470.0% 0.2%
Highpoint Community Bank $1,345,000 $805,000 -40.1% 0.2%
NORTHERN MORTGAGE SERVICES, LLC $220,000 $790,000 259.1% 0.2%
Waterstone Mortgage Corporation $605,000 $775,000 28.1% 0.2%
Figure Lending LLC $305,000 $750,000 145.9% 0.2%
Discover Bank $730,000 $735,000 0.7% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $620,000 $725,000 16.9% 0.2%
BROKER SOLUTIONS, INC. $1,860,000 $725,000 -61.0% 0.2%
PLANET HOME LENDING, LLC $175,000 $720,000 311.4% 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,535,000 $715,000 -53.4% 0.2%
MICHIGAN MUTUAL, INC. $585,000 $710,000 21.4% 0.2%
STAUNTON FINANCIAL, INC. $700,000 n/a 0.2%
Consumers Professional Credit Union $495,000 $680,000 37.4% 0.2%
Bank of America $535,000 $610,000 14.0% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $435,000 $560,000 28.7% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $350,000 $560,000 60.0% 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $75,000 $545,000 626.7% 0.1%
The Loan Store, Inc. $275,000 $535,000 94.5% 0.1%
FIRST COLONY MORTGAGE CORPORATION $525,000 n/a 0.1%
Eaton Community Bank $505,000 $520,000 3.0% 0.1%
Horizon Bank $645,000 $495,000 -23.3% 0.1%
BETTER MORTGAGE CORPORATION $225,000 $475,000 111.1% 0.1%
Washington Trust Bank $475,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $470,000 n/a 0.1%
AMERISAVE MORTGAGE CORPORATION $2,690,000 $470,000 -82.5% 0.1%
LAKEVIEW LOAN SERVICING, LLC $400,000 $460,000 15.0% 0.1%
NexBank $205,000 $450,000 119.5% 0.1%
JMAC LENDING, INC. $440,000 n/a 0.1%
TLC COMMUNITY Credit Union $440,000 n/a 0.1%
American 1 Credit Union $125,000 $425,000 240.0% 0.1%
DOMINION FINANCIAL SERVICES, LLC $425,000 n/a 0.1%
UNITED $520,000 $420,000 -19.2% 0.1%
MICHIGAN SCHOOLS AND GOVERNMENT $65,000 $415,000 538.5% 0.1%
PLAZA HOME MORTGAGE, INC. $405,000 $405,000 0.0% 0.1%
T2 FINANCIAL LLC $530,000 $395,000 -25.5% 0.1%
CREDIT UNION ONE $145,000 $390,000 169.0% 0.1%
Macatawa Bank $385,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $1,150,000 $380,000 -67.0% 0.1%
DESCO $375,000 n/a 0.1%
Equity Prime Mortgage LLC $500,000 $370,000 -26.0% 0.1%
Notre Dame Federal Credit Union Corporation $480,000 $370,000 -22.9% 0.1%
Leader Bank $365,000 n/a 0.1%
Pacor Mortgage Corp $430,000 $360,000 -16.3% 0.1%
PLUS RELOCATION MORTGAGE, LLC $355,000 n/a 0.1%
Century Mortgage Company DBA Century Lending Company $340,000 n/a 0.1%
Coastal Community Bank $465,000 $340,000 -26.9% 0.1%
LOANPAL, LLC $340,000 n/a 0.1%
HALLMARK HOME MORTGAGE, LLC $335,000 n/a 0.1%
Texana Bank $335,000 n/a 0.1%
VAN DYK MORTGAGE CORPORATION $565,000 $335,000 -40.7% 0.1%
TOWNE MORTGAGE COMPANY $405,000 $330,000 -18.5% 0.1%
MICHIGAN FIRST CREDIT UNION $125,000 $325,000 160.0% 0.1%
Sierra Pacific Mortgage Company, Inc. $320,000 n/a 0.1%
TRIAD FINANCIAL SERVICES, INC. $600,000 $320,000 -46.7% 0.1%
The Federal Savings Bank $310,000 n/a 0.1%
BAY EQUITY LLC $305,000 n/a 0.1%
OCMBC, INC. $380,000 $300,000 -21.1% 0.1%
Barrington Bank & Trust Company, N.A. $295,000 n/a 0.1%
MID AMERICA MORTGAGE, INC. $270,000 $295,000 9.3% 0.1%
LENDSURE MORTGAGE CORP. $285,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $160,000 $275,000 71.9% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $360,000 $275,000 -23.6% 0.1%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $265,000 n/a 0.1%
LAFCU $255,000 $265,000 3.9% 0.1%
Third Federal Savings and Loan Association of Cleveland $255,000 n/a 0.1%
ALLIED MORTGAGE GROUP, INC. $245,000 n/a 0.1%
CALCON MUTUAL MORTGAGE LLC $245,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $255,000 $245,000 -3.9% 0.1%
STOCKTON MORTGAGE CORPORATION $245,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $225,000 n/a 0.1%
TRISTAR FINANCE, INC. $225,000 n/a 0.1%
PREMIA MORTGAGE, LLC $215,000 n/a 0.1%
TEACHERS CREDIT UNION $215,000 n/a 0.1%
Citibank $205,000 n/a 0.0%
Michigan Educational Credit Union $155,000 $205,000 32.3% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $165,000 $200,000 21.2% 0.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $195,000 n/a 0.0%
CLEARPATH LENDING $330,000 $195,000 -40.9% 0.0%
NMSI, INC. $195,000 n/a 0.0%
Northpointe Bank $2,745,000 $195,000 -92.9% 0.0%
Bethpage Federal Credit Union $185,000 n/a 0.0%
BM Real Estate Services, Inc. $145,000 $185,000 27.6% 0.0%
EQUITY RESOURCES, INC. $185,000 n/a 0.0%
Preston Home Loans Inc $300,000 $175,000 -41.7% 0.0%
LIMA ONE CAPITAL, LLC $440,000 $165,000 -62.5% 0.0%
PENTAGON FEDERAL CREDIT UNION $165,000 n/a 0.0%
MMS MORTGAGE SERVICES, LTD. $145,000 $155,000 6.9% 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $155,000 n/a 0.0%
QUORUM FEDERAL CREDIT UNION $155,000 n/a 0.0%
HANSCOM $145,000 n/a 0.0%
MORTGAGE ACCESS CORP. $145,000 n/a 0.0%
MOVEMENT MORTGAGE, LLC $305,000 $145,000 -52.5% 0.0%
The State Bank and Trust Company $145,000 n/a 0.0%
AMERICAN HERITAGE LENDING, INC. $125,000 n/a 0.0%
J. VIRGIL, INC. $125,000 n/a 0.0%
SECURITYNATIONAL MORTGAGE COMPANY $125,000 n/a 0.0%
ChoiceOne Bank $310,000 $115,000 -62.9% 0.0%
HOMEXPRESS MORTGAGE CORP. $105,000 $115,000 9.5% 0.0%
LONGBRIDGE FINANCIAL, LLC $55,000 $115,000 109.1% 0.0%
USAlliance Federal Credit Union $75,000 $115,000 53.3% 0.0%
GREENWOOD $105,000 n/a 0.0%
Truist $105,000 n/a 0.0%
Beeline Loans, Inc. $95,000 n/a 0.0%
DELMAR FINANCIAL COMPANY $95,000 n/a 0.0%
Citizens Bank $570,000 $85,000 -85.1% 0.0%
Farmers State Bank $85,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $85,000 n/a 0.0%
University Bank $85,000 n/a 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $75,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $155,000 $75,000 -51.6% 0.0%
COMMUNITY CHOICE CREDIT UNION $140,000 $75,000 -46.4% 0.0%
DEEPHAVEN MORTGAGE LLC $175,000 $75,000 -57.1% 0.0%
Union Bank $75,000 n/a 0.0%
CHARLOTTE METRO FEDERAL CREDIT UNION $65,000 n/a 0.0%
DFCU FINANCIAL $495,000 $35,000 -92.9% 0.0%
Lake Trust Credit Union $15,000 $35,000 133.3% 0.0%
BIRMINGHAM-BLOOMFIELD Credit Union $25,000 n/a 0.0%
Meijer Credit Union $25,000 n/a 0.0%
GREENSTATE CREDIT UNION $100,000 $15,000 -85.0% 0.0%

BATTLE CREEK's top lender by overall market share is QUICKEN LOANS, LLC, with 7.4% market share. In second place, with 5.6%, is MARSHALL COMMUNITY CREDIT UNION, having originated $23,480,000 in loans. In third place, with 5.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $22,905,000 in loans. In fourth place, with 5.4%, is Kellogg Community Credit Union, having originated $22,380,000 in loans. In fifth place, with 3.9%, is Fifth Third Bank, having originated $16,405,000 in loans.

BATTLE CREEK, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,458 $257,680,000 $176,735
Cash Out Refi 404 $51,330,000 $127,054
Refi 354 $74,000,000 $209,040
Home Improvement 333 $19,335,000 $58,063
Other 237 $15,275,000 $64,451

Battle Creek's most frequently cited loan purpose was Home Purchase, with 1,458 originations. The 2nd most popular reason was Cash Out Refi, with 404 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,101 $217,505,000 $197,552
Over 8% 682 $49,540,000 $72,639
7-8% 585 $84,315,000 $144,128
5-6% 269 $51,635,000 $191,952
<2.5% 18 $430,000 $23,889
4-5% 17 $1,925,000 $113,235
3-4% 2 $320,000 $160,000

During 2024, Battle Creek's most frequently originated rate bucket was 6-7%, with 1,101 originations.

Loan Sizing (BATTLE CREEK, MI MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 1,148 $62,410,000 $54,364
$100k-200k 1,013 $146,445,000 $144,566
$200k-400k 564 $147,600,000 $261,702
$400k-600k 51 $23,325,000 $457,353
$600k-1000k 8 $5,910,000 $738,750
$Over $1MM 2 $31,930,000 $15,965,000

BATTLE CREEK's loan sizing saw the bucket of loans from $100,000 or less with 1,148 originations, totaling $62,410,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,153 $215,475,000 $186,882
60-80% 495 $78,925,000 $159,444
20-40% 418 $28,130,000 $67,297
Under 20% 346 $11,490,000 $33,208
40-60% 219 $30,965,000 $141,393
Over 100% 31 $32,645,000 $1,053,065

BATTLE CREEK's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,153 originations, totaling $215,475,000 in origination value.