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 7.19% for the week of 2024-05-09, compared to the national average of 7.09% for the same period.

The average rate for the prior week (2024-05-02) was 7.32% and one month ago for the week of 2024-04-04, the average rate was 7.22%.

Battle Creek's average rate one year ago was 6.79%.

For refis of the same type during the week of 2024-05-09, the average rate was 7.8%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-05-09 7.09%
Battle Creek 30 Year Fixed Rate 2024-05-09 7.19%
Battle Creek 30 Year Fixed Rate Refi 2024-05-09 7.8%
Battle Creek 15 Year Fixed Rate 2024-05-09 6.48%
Battle Creek 15 Year Fixed Rate Refi 2024-05-09 6.38%
Battle Creek 30 Year FHA 2024-05-09 6.73%
Battle Creek 30 Year FHA Refi 2024-05-09 6.59%
Battle Creek 30 Year USDA 2024-05-09 6.99%
Battle Creek 30 Year USDA Refi 2024-05-09 6.69%
Battle Creek 30 Year VA 2024-05-09 6.85%
Battle Creek 30 Year VA Refi 2024-05-09 6.59%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
MARSHALL COMMUNITY CREDIT UNION 76 6.64% $2,534
OAK MORTGAGE, LLC 72 6.78% $2,769
Kellogg Community Credit Union 68 7.13% $2,602
QUICKEN LOANS, LLC 64 6.92% $5,191
CONSUMERS 58 7.15% $3,415
UNION HOME MORTGAGE CORP. 52 7.21% $5,003
Fifth Third Bank 51 6.88% $3,173
UNITED WHOLESALE MORTGAGE, LLC 33 7.04% $4,139
MORTGAGE CENTER L.C 31 6.23% $3,446
OMNI Community Credit Union 29 6.94% $3,765
FIRST CHOICE MH LLC 27 9.74% $2,887
LAKE MICHIGAN CREDIT UNION 24 6.67% $3,251
Neighborhood Loans, Inc. 23 6.89% $4,991
GVC MORTGAGE, INC. 20 6.90% $4,797
GUARANTEED RATE, INC. 18 6.82% $3,569
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 15 6.66% $3,807
Honor Credit Union 14 6.82% $2,425
Flagstar Bank, FSB 14 6.87% $3,794
The Huntington National Bank 14 7.03% $4,025
CONTOUR MORTGAGE CORPORATION 13 6.36% $6,435
Independent Bank 13 6.60% $3,442
SUMMIT HOME MORTGAGE, LLC 11 7.22% $3,793
Northpointe Bank 11 7.32% $3,764
The Dart Bank 10 7.04% $5,273
MORTGAGE 1 INCORPORATED 8 7.23% $4,797
ARBOR FINANCIAL CREDIT UNION 8 6.33% $3,051
MEMBER FIRST MORTGAGE, LLC 7 6.84% $3,122
ZILLOW HOME LOANS, LLC 7 6.86% $4,717
SUCCESS MORTGAGE PARTNERS, INC. 7 6.63% $4,846
RUOFF MORTGAGE COMPANY, INC. 7 6.55% $3,240
Comerica Bank 7 7.05% $2,668
County National Bank 6 7.29% $3,391
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.75% $3,960
CROSSCOUNTRY MORTGAGE, LLC 5 6.76% $4,956
ROYAL UNITED MORTGAGE LLC 5 7.58% $8,947
PNC Bank 5 6.98% $3,294
NEWREZ LLC 5 7.67% $4,853
Mortgage Research Center, LLC 5 6.77% $2,866
Mr. Cooper ( Nationstar Mortgage ) 5 6.50% $5,443
JPMorgan Chase Bank 5 6.95% $3,843
Wells Fargo Bank 5 6.65% $3,569
AMERISAVE MORTGAGE CORPORATION 4 6.78% $5,138
FIRST COMMUNITY MORTGAGE, INC. 4 7.13% $3,647
UNITED 4 7.25% $3,063
Mercantile Bank of Michigan 3 6.63% $2,936
VAN DYK MORTGAGE CORPORATION 3 6.92% $1,514
Ally Bank 3 6.13% $4,543
EVERETT FINANCIAL, INC. 3 6.63% $4,234
GreenStone Farm Credit Services, FLCA 2 7.26% $6,956
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 7.24% $3,737
Carrington Mortgage Services, LLC 2 7.25% $5,402
ChoiceOne Bank 2 6.38% $6,555
CHURCHILL MORTGAGE CORPORATION 2 7.31% $2,991
Citizens Bank 2 6.69% $4,290
COMMUNITY FINANCIAL CREDIT UNION 2 6.63% $4,003
DFCU FINANCIAL 2 6.69% $4,006
Discover Bank 2 8.24% $0
Dort Financial Credit Union 2 7.25% $3,745
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.00% $2,905
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.99% $6,121
Horizon Bank 2 6.56% $2,940
MICHIGAN MUTUAL, INC. 2 6.38% $5,237
PENNYMAC LOAN SERVICES, LLC 2 6.75% $3,971
Raymond James Bank 2 5.94% $3,258
USAA Federal Savings Bank 2 6.88% $3,485
LAFCU 1 8.38% $3,024
NAVY FEDERAL CREDIT UNION 1 7.25% $7,327
NBH Bank 1 6.62% $3,444
NBKC BANK 1 7.63% $2,159
KeyBank 1 7.13% $3,815
GSF Mortgage Corporation 1 5.99% $3,460
NexBank 1 6.88% $4,467
NFM, INC. 1 6.50% $4,578
North American Savings Bank, F.S.B. 1 5.88% $595
NORTHERN MORTGAGE SERVICES, LLC 1 6.88% $2,562
GENISYS 1 5.88% $3,232
Notre Dame Federal Credit Union Corporation 1 6.63% $3,578
First Savings Bank 1 7.63% $8,724
Old National Bank 1 6.88% $2,924
First Merchants Bank 1 6.88% $3,956
Pacor Mortgage Corp 1 6.75% $8,240
VIBE CREDIT UNION 1 6.38% $2,500
PHH Mortgage Corporation 1 7.63% $4,154
Plains Commerce Bank 1 5.75% $4,150
FINANCIAL PLUS CREDIT UNION 1 5.63% $2,243
PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.38% $6,331
Preston Home Loans Inc 1 6.75% $4,138
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.13% $4,774
ENVOY MORTGAGE, LTD 1 7.00% $3,194
PROPER RATE, LLC 1 7.38% $13,168
DRAPER AND KRAMER MORTGAGE CORP. 1 7.38% $7,894
American Mortgage & Equity Consultants, Inc. 1 6.75% $4,157
RBC Bank, (Georgia) 1 6.13% $1,222
DEEPHAVEN MORTGAGE LLC 1 9.63% $5,685
CREDIT UNION ONE 1 5.75% $2,914
Colonial Savings, F.A. 1 6.38% $4,791
CHERRY CREEK MORTGAGE, LLC 1 6.38% $645
T2 FINANCIAL LLC 1 6.63% $3,780
CALIBER HOME LOANS, INC. 1 7.13% $7,579
The Farmers & Merchants State Bank 1 6.63% $3,220
BROKER SOLUTIONS, INC. 1 7.63% $4,630
BM Real Estate Services, Inc. 1 7.63% $3,572
BETTER MORTGAGE CORPORATION 1 5.75% $2,401
United Bank of Michigan 1 7.75% $3,730
Bank of America 1 7.00% $6,936
AMERICAN FINANCING CORPORATION 1 6.88% $8,247
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 7.63% $2,899
MICHIGAN FIRST CREDIT UNION 1 11.25% $4,163
LOANDEPOT.COM, LLC 1 7.13% $4,987
MOVEMENT MORTGAGE, LLC 1 6.99% $7,893

BATTLE CREEK Average Closing Costs & Other Stats

BATTLE CREEK, MI's 110 lenders originated 2,792 loans during 2023. The total origination value was $408,280,000, with an average loan value of $146,232.

BATTLE CREEK's average closing costs are $3,894.

The top BATTLE CREEK lender as defined by loan originations is MARSHALL COMMUNITY CREDIT UNION, with 76 loans originated. Their average total fees are $2,534, which is $235 lower than the next largest lender, OAK MORTGAGE, LLC.

The lowest fee BATTLE CREEK lenders (with over 10 loans originated) are Honor Credit Union ($2,425), MARSHALL COMMUNITY CREDIT UNION ($2,534), Kellogg Community Credit Union ($2,602), OAK MORTGAGE, LLC ($2,769) and FIRST CHOICE MH LLC ($2,887).

The lowest rate BATTLE CREEK lenders (with over 10 loans originated) are MORTGAGE CENTER L.C (6.23%), CONTOUR MORTGAGE CORPORATION (6.36%), Independent Bank (6.60%), MARSHALL COMMUNITY CREDIT UNION (6.64%) and MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION (6.66%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
MARSHALL COMMUNITY CREDIT UNION $34,930,000 $31,270,000 -10.5% 7.7%
QUICKEN LOANS, LLC $40,405,000 $24,040,000 -40.5% 5.9%
Kellogg Community Credit Union $36,870,000 $23,015,000 -37.6% 5.6%
UNION HOME MORTGAGE CORP. $8,290,000 $19,095,000 130.3% 4.7%
Merchants Bank of Indiana $16,505,000 n/a 4.0%
OAK MORTGAGE, LLC $12,530,000 $14,620,000 16.7% 3.6%
Mortgage Research Center, LLC $12,255,000 $14,485,000 18.2% 3.5%
GREYSTONE FUNDING COMPANY LLC $13,805,000 n/a 3.4%
The Huntington National Bank $19,655,000 $13,150,000 -33.1% 3.2%
UNITED WHOLESALE MORTGAGE, LLC $13,610,000 $13,000,000 -4.5% 3.2%
Fifth Third Bank $20,965,000 $12,530,000 -40.2% 3.1%
CONSUMERS $13,345,000 $12,045,000 -9.7% 3.0%
Honor Credit Union $7,425,000 $10,790,000 45.3% 2.6%
Neighborhood Loans, Inc. $8,270,000 $9,725,000 17.6% 2.4%
OMNI Community Credit Union $10,230,000 $8,665,000 -15.3% 2.1%
LAKE MICHIGAN CREDIT UNION $6,305,000 $8,195,000 30.0% 2.0%
Flagstar Bank, FSB $7,435,000 $5,705,000 -23.3% 1.4%
MORTGAGE CENTER L.C $14,410,000 $5,060,000 -64.9% 1.2%
GUARANTEED RATE, INC. $4,110,000 $4,955,000 20.6% 1.2%
GVC MORTGAGE, INC. $5,130,000 $4,695,000 -8.5% 1.1%
County National Bank $3,075,000 $4,620,000 50.2% 1.1%
ADVIA $7,510,000 $4,420,000 -41.1% 1.1%
The Dart Bank $2,695,000 $4,390,000 62.9% 1.1%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $8,715,000 $4,305,000 -50.6% 1.1%
MEMBER FIRST MORTGAGE, LLC $2,165,000 $4,195,000 93.8% 1.0%
Old National Bank $2,430,000 $3,860,000 58.8% 0.9%
CONTOUR MORTGAGE CORPORATION $4,200,000 $3,665,000 -12.7% 0.9%
SUMMIT HOME MORTGAGE, LLC $2,005,000 $3,285,000 63.8% 0.8%
Southern Michigan Bank & Trust $7,020,000 $3,260,000 -53.6% 0.8%
Independent Bank $6,335,000 $3,255,000 -48.6% 0.8%
PNC Bank $2,825,000 $3,255,000 15.2% 0.8%
GreenStone Farm Credit Services, FLCA $3,195,000 $3,240,000 1.4% 0.8%
NAVY FEDERAL CREDIT UNION $3,180,000 $2,985,000 -6.1% 0.7%
MORTGAGE 1 INCORPORATED $2,240,000 $2,980,000 33.0% 0.7%
FIRST CHOICE MH LLC $2,855,000 $2,835,000 -0.7% 0.7%
Northpointe Bank $1,895,000 $2,745,000 44.9% 0.7%
AMERISAVE MORTGAGE CORPORATION $1,915,000 $2,690,000 40.5% 0.7%
Comerica Bank $6,520,000 $2,670,000 -59.0% 0.7%
UNIVERSITY CREDIT UNION $2,645,000 n/a 0.6%
Homestead Savings Bank $4,315,000 $2,605,000 -39.6% 0.6%
FREEDOM MORTGAGE CORPORATION $3,680,000 $2,090,000 -43.2% 0.5%
FIRST COMMUNITY MORTGAGE, INC. $155,000 $2,040,000 1,216.1% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $4,380,000 $1,975,000 -54.9% 0.5%
Sturgis Bank & Trust Company $15,085,000 $1,900,000 -87.4% 0.5%
SUCCESS MORTGAGE PARTNERS, INC. $2,780,000 $1,870,000 -32.7% 0.5%
BROKER SOLUTIONS, INC. $1,750,000 $1,860,000 6.3% 0.5%
ARBOR FINANCIAL CREDIT UNION $3,575,000 $1,765,000 -50.6% 0.4%
LOANDEPOT.COM, LLC $3,330,000 $1,755,000 -47.3% 0.4%
RUOFF MORTGAGE COMPANY, INC. $2,685,000 $1,630,000 -39.3% 0.4%
CROSSCOUNTRY MORTGAGE, LLC $2,655,000 $1,575,000 -40.7% 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $4,740,000 $1,535,000 -67.6% 0.4%
ZILLOW HOME LOANS, LLC $215,000 $1,530,000 611.6% 0.4%
NEWREZ LLC $1,980,000 $1,470,000 -25.8% 0.4%
JPMorgan Chase Bank $2,570,000 $1,460,000 -43.2% 0.4%
Highpoint Community Bank $3,580,000 $1,345,000 -62.4% 0.3%
NEW DAY FINANCIAL, LLC $1,290,000 $1,340,000 3.9% 0.3%
USAA Federal Savings Bank $2,485,000 $1,325,000 -46.7% 0.3%
CARDINAL FINANCIAL $1,265,000 $1,315,000 4.0% 0.3%
21ST MORTGAGE CORPORATION $550,000 $1,215,000 120.9% 0.3%
ROYAL UNITED MORTGAGE LLC $1,025,000 $1,150,000 12.2% 0.3%
PENNYMAC LOAN SERVICES, LLC $1,030,000 $1,125,000 9.2% 0.3%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $2,110,000 $1,045,000 -50.5% 0.3%
Carrington Mortgage Services, LLC $635,000 $980,000 54.3% 0.2%
KALSEE CREDIT UNION $1,070,000 $850,000 -20.6% 0.2%
Wells Fargo Bank $2,625,000 $835,000 -68.2% 0.2%
EVERETT FINANCIAL, INC. $1,715,000 $815,000 -52.5% 0.2%
Logan Finance Corporation $785,000 n/a 0.2%
COMMUNITY FINANCIAL CREDIT UNION $770,000 n/a 0.2%
Discover Bank $205,000 $730,000 256.1% 0.2%
Plains Commerce Bank $515,000 $715,000 38.8% 0.2%
Mercantile Bank of Michigan $730,000 $685,000 -6.2% 0.2%
GUILD MORTGAGE COMPANY $675,000 n/a 0.2%
CHERRY CREEK MORTGAGE, LLC $5,520,000 $645,000 -88.3% 0.2%
Horizon Bank $1,735,000 $645,000 -62.8% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $620,000 n/a 0.2%
Waterstone Mortgage Corporation $605,000 n/a 0.1%
The Farmers & Merchants State Bank $185,000 $600,000 224.3% 0.1%
TOP FLITE FINANCIAL, INC. $85,000 $600,000 605.9% 0.1%
TRIAD FINANCIAL SERVICES, INC. $640,000 $600,000 -6.3% 0.1%
MICHIGAN MUTUAL, INC. $850,000 $585,000 -31.2% 0.1%
Citizens Bank $705,000 $570,000 -19.1% 0.1%
VAN DYK MORTGAGE CORPORATION $860,000 $565,000 -34.3% 0.1%
Ally Bank $555,000 n/a 0.1%
First Savings Bank $555,000 n/a 0.1%
KeyBank $400,000 $550,000 37.5% 0.1%
Bank of America $720,000 $535,000 -25.7% 0.1%
T2 FINANCIAL LLC $530,000 n/a 0.1%
UNITED $230,000 $520,000 126.1% 0.1%
Eaton Community Bank $2,195,000 $505,000 -77.0% 0.1%
Prosperity Home Mortgage, LLC $505,000 n/a 0.1%
Equity Prime Mortgage LLC $290,000 $500,000 72.4% 0.1%
Consumers Professional Credit Union $1,365,000 $495,000 -63.7% 0.1%
DFCU FINANCIAL $495,000 n/a 0.1%
First Federal Bank of the Midwest $495,000 n/a 0.1%
Frankenmuth Credit Union $185,000 $480,000 159.5% 0.1%
Notre Dame Federal Credit Union Corporation $480,000 n/a 0.1%
Coastal Community Bank $465,000 n/a 0.1%
LIMA ONE CAPITAL, LLC $140,000 $440,000 214.3% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $145,000 $435,000 200.0% 0.1%
LENDINGHOME FUNDING CORPORATION $860,000 $435,000 -49.4% 0.1%
Pacor Mortgage Corp $430,000 n/a 0.1%
PLAZA HOME MORTGAGE, INC. $360,000 $405,000 12.5% 0.1%
TOWNE MORTGAGE COMPANY $175,000 $405,000 131.4% 0.1%
LAKEVIEW LOAN SERVICING, LLC $820,000 $400,000 -51.2% 0.1%
CHURCHILL MORTGAGE CORPORATION $945,000 $395,000 -58.2% 0.1%
PREMIER MORTGAGE RESOURCES, L.L.C. $395,000 n/a 0.1%
OCMBC, INC. $380,000 n/a 0.1%
Raymond James Bank $380,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $1,265,000 $380,000 -70.0% 0.1%
ACADEMY MORTGAGE CORPORATION $555,000 $375,000 -32.4% 0.1%
PROPER RATE, LLC $375,000 n/a 0.1%
Dort Financial Credit Union $360,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $470,000 $360,000 -23.4% 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $355,000 n/a 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $215,000 $350,000 62.8% 0.1%
United Bank of Michigan $330,000 $335,000 1.5% 0.1%
CLEARPATH LENDING $255,000 $330,000 29.4% 0.1%
Commerce Home Mortgage, Inc. $320,000 n/a 0.1%
Regions Bank $250,000 $320,000 28.0% 0.1%
ChoiceOne Bank $135,000 $310,000 129.6% 0.1%
CALIBER HOME LOANS, INC. $1,590,000 $305,000 -80.8% 0.1%
Figure Lending LLC $295,000 $305,000 3.4% 0.1%
MOVEMENT MORTGAGE, LLC $305,000 n/a 0.1%
NBKC BANK $215,000 $305,000 41.9% 0.1%
Preston Home Loans Inc $115,000 $300,000 160.9% 0.1%
The Loan Store, Inc. $275,000 n/a 0.1%
MID AMERICA MORTGAGE, INC. $565,000 $270,000 -52.2% 0.1%
LAFCU $1,705,000 $255,000 -85.0% 0.1%
Paramount Residential Mortgage Group, Inc. $350,000 $255,000 -27.1% 0.1%
RELIANCE FIRST CAPITAL, LLC $415,000 $250,000 -39.8% 0.1%
Bell Bank $245,000 n/a 0.1%
BNC National Bank $405,000 $235,000 -42.0% 0.1%
GENISYS $340,000 $230,000 -32.4% 0.1%
American Mortgage & Equity Consultants, Inc. $225,000 n/a 0.1%
BETTER MORTGAGE CORPORATION $390,000 $225,000 -42.3% 0.1%
Colonial Savings, F.A. $225,000 n/a 0.1%
NORTHERN MORTGAGE SERVICES, LLC $930,000 $220,000 -76.3% 0.1%
NexBank $205,000 n/a 0.1%
VIBE CREDIT UNION $200,000 n/a 0.0%
EMM LOANS LLC $195,000 n/a 0.0%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $1,085,000 $185,000 -82.9% 0.0%
North American Savings Bank, F.S.B. $185,000 n/a 0.0%
PHH Mortgage Corporation $190,000 $185,000 -2.6% 0.0%
DEEPHAVEN MORTGAGE LLC $175,000 n/a 0.0%
FINANCIAL PLUS CREDIT UNION $175,000 n/a 0.0%
PLANET HOME LENDING, LLC $410,000 $175,000 -57.3% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $165,000 n/a 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $950,000 $160,000 -83.2% 0.0%
AMERICAN FINANCING CORPORATION $400,000 $155,000 -61.3% 0.0%
First Merchants Bank $1,035,000 $155,000 -85.0% 0.0%
Michigan Educational Credit Union $155,000 n/a 0.0%
Nations Lending Corporation $465,000 $155,000 -66.7% 0.0%
Lakeview Community Capital, LLC $145,000 $150,000 3.4% 0.0%
U.S. Bank $330,000 $150,000 -54.5% 0.0%
BM Real Estate Services, Inc. $145,000 n/a 0.0%
CREDIT UNION ONE $65,000 $145,000 123.1% 0.0%
MMS MORTGAGE SERVICES, LTD. $145,000 n/a 0.0%
COMMUNITY CHOICE CREDIT UNION $100,000 $140,000 40.0% 0.0%
American 1 Credit Union $125,000 n/a 0.0%
CMG MORTGAGE, INC. $845,000 $125,000 -85.2% 0.0%
MICHIGAN FIRST CREDIT UNION $160,000 $125,000 -21.9% 0.0%
UNIVERSITY OF MICHIGAN CREDIT UNION $200,000 $125,000 -37.5% 0.0%
NBH Bank $115,000 n/a 0.0%
GSF Mortgage Corporation $105,000 n/a 0.0%
HOMEXPRESS MORTGAGE CORP. $105,000 n/a 0.0%
GREENSTATE CREDIT UNION $535,000 $100,000 -81.3% 0.0%
RBC Bank, (Georgia) $95,000 n/a 0.0%
MY MORTGAGE, INC. $185,000 $85,000 -54.1% 0.0%
Secured Investment Corp. $95,000 $85,000 -10.5% 0.0%
USAlliance Federal Credit Union $75,000 n/a 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $105,000 $75,000 -28.6% 0.0%
CIVIC FINANCIAL SERVICES, LLC $95,000 $65,000 -31.6% 0.0%
MICHIGAN SCHOOLS AND GOVERNMENT $335,000 $65,000 -80.6% 0.0%
NFM, INC. $295,000 $65,000 -78.0% 0.0%
ENVOY MORTGAGE, LTD $125,000 $55,000 -56.0% 0.0%
FINANCE OF AMERICA REVERSE LLC $55,000 n/a 0.0%
First State Bank $55,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $55,000 n/a 0.0%
MICHIGAN ONE COMMUNITY Credit Union $45,000 n/a 0.0%
GreenStone Farm Credit Services, ACA $15,000 n/a 0.0%
Lake Trust Credit Union $15,000 n/a 0.0%

BATTLE CREEK's top lender by overall market share is MARSHALL COMMUNITY CREDIT UNION, with 7.7% market share. In second place, with 5.9%, is QUICKEN LOANS, LLC, having originated $24,040,000 in loans. In third place, with 5.6%, is Kellogg Community Credit Union, having originated $23,015,000 in loans. In fourth place, with 4.7%, is UNION HOME MORTGAGE CORP., having originated $19,095,000 in loans. In fifth place, with 4.0%, is Merchants Bank of Indiana, having originated $16,505,000 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
2024-02-01 $209,250 (14.7%) $258,991 (18.6%) 0.00 200
2024-03-01 $249,950 (28.2%) $282,820 (6.4%) 0.00 194
2024-04-01 $250,000 (6.6%) $283,701 (-1.7%) 0.00 185
BATTLE CREEK's median listing price for 2024-04-01 was $250,000, a difference of $15,500 (6.6%) versus the prior year and $50 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 2024-04-01 was $283,701, a difference of $-4,918 (-1.7%) versus the prior year and $881 versus the prior month.

For the 2024-04-01 period, BATTLE CREEK had 185 MLS listings, a difference of -9 listings (-5%) versus the prior month and 39 listings (27%) 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
2024-02-01 0 days 1,488 sqft
2024-03-01 0 days 1,542 sqft
2024-04-01 0 days 1,589 sqft
BATTLE CREEK's median listing age (time on market) for 2024-04-01 was 0 days.

BATTLE CREEK's median square footage for active listings during the 2024-04-01 period was 1,589 sqft. One year prior, the average listing was 1,616 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 MSA $740 $770 $940 $1,220 $1,260
49011 Battle Creek, MI MSA $750 $840 $1,030 $1,320 $1,500
49012 Battle Creek, MI MSA $760 $890 $1,090 $1,430 $1,560
49014 Battle Creek, MI MSA $760 $850 $1,040 $1,330 $1,520
49015 Battle Creek, MI MSA $770 $860 $1,060 $1,350 $1,550
49016 Battle Creek, MI MSA $700 $780 $960 $1,230 $1,400
49017 Battle Creek, MI MSA $710 $790 $970 $1,240 $1,410
49021 Battle Creek, MI MSA $770 $800 $980 $1,270 $1,340
49029 Battle Creek, MI MSA $610 $680 $840 $1,070 $1,220
49033 Battle Creek, MI MSA $730 $810 $1,000 $1,280 $1,460
49034 Battle Creek, MI MSA $610 $710 $870 $1,140 $1,250
49037 Battle Creek, MI MSA $660 $730 $900 $1,150 $1,310
49051 Battle Creek, MI MSA $700 $800 $980 $1,260 $1,420
49052 Battle Creek, MI MSA $640 $740 $910 $1,190 $1,310
49068 Battle Creek, MI MSA $670 $750 $920 $1,180 $1,340
49076 Battle Creek, MI MSA $710 $750 $920 $1,180 $1,250
49092 Battle Creek, MI MSA $710 $800 $980 $1,250 $1,430
49094 Battle Creek, MI MSA $620 $690 $850 $1,090 $1,240
49224 Battle Creek, MI MSA $630 $710 $870 $1,110 $1,270
49237 Battle Creek, MI MSA $630 $760 $900 $1,200 $1,360
49245 Battle Creek, MI MSA $660 $740 $910 $1,160 $1,330
49252 Battle Creek, MI MSA $610 $730 $870 $1,160 $1,310
49284 Battle Creek, MI MSA $800 $940 $1,130 $1,480 $1,670

2022 Average & Median Rent Data Statistics
BATTLE CREEK, MI average 1BR rent: $779, median: $770
BATTLE CREEK, MI average 2BR rent: $953, median: $940
BATTLE CREEK, MI average 3BR rent: $1,230, median: $1,220

BATTLE CREEK, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,531 $279,815,000 $182,766
Cash Out Refi 411 $50,005,000 $121,667
Home Improvement 339 $19,485,000 $57,478
Refi 266 $43,560,000 $163,759
Other 245 $15,415,000 $62,918

Battle Creek's most frequently cited loan purpose was Home Purchase, with 1,531 originations. The 2nd most popular reason was Cash Out Refi, with 411 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,075 $167,385,000 $155,707
7-8% 696 $103,810,000 $149,152
Over 8% 556 $60,590,000 $108,975
5-6% 297 $58,285,000 $196,246
<2.5% 17 $795,000 $46,765
4-5% 17 $3,975,000 $233,824
3-4% 3 $985,000 $328,333
2.5-3% 2 $490,000 $245,000

During 2023, Battle Creek's most frequently originated rate bucket was 6-7%, with 1,075 originations.

Loan Sizing (BATTLE CREEK, MI MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 1,205 $64,345,000 $53,398
$100k-200k 1,053 $151,085,000 $143,481
$200k-400k 482 $129,300,000 $268,257
$400k-600k 35 $16,515,000 $471,857
$600k-1000k 9 $6,065,000 $673,889
$Over $1MM 8 $40,970,000 $5,121,250

BATTLE CREEK's loan sizing saw the bucket of loans from $100,000 or less with 1,205 originations, totaling $64,345,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,201 $228,425,000 $190,196
60-80% 508 $103,040,000 $202,835
Under 20% 349 $12,295,000 $35,229
20-40% 338 $21,100,000 $62,426
40-60% 259 $25,225,000 $97,394
Over 100% 25 $5,825,000 $233,000

BATTLE CREEK's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,201 originations, totaling $228,425,000 in origination value.