Escanaba Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Escanaba averaged
7.01%
for the week of 2024-11-27, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2024-11-21) was
6.84% and
one month ago for the week of 2024-10-24, the
average rate was 6.34%.
Escanaba's average rate one year ago was 7.19%.
For refis of the same type during the week of 2024-11-27, the average rate
was 7.11%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-11-27 | 6.81% |
Escanaba 30 Year Fixed Rate | 2024-11-27 | 7.01% |
Escanaba 30 Year Fixed Rate Refi | 2024-11-27 | 7.11% |
Escanaba 15 Year Fixed Rate | 2024-11-27 | 6.1% |
Escanaba 15 Year Fixed Rate Refi | 2024-11-27 | 6.8% |
Escanaba 30 Year FHA | 2024-11-27 | 0.1% |
Escanaba 30 Year FHA Refi | 2024-11-27 | 0.1% |
Escanaba 30 Year USDA | 2024-11-27 | 0.2% |
Escanaba 30 Year USDA Refi | 2024-11-27 | 0.1% |
Escanaba 30 Year VA | 2024-11-27 | 0.1% |
Escanaba 30 Year VA Refi | 2024-11-27 | 0.2% |
Escanaba 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 Escanaba, 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.).
Escanaba Average Closing Costs & Other Stats
Escanaba, MI's 35 lenders originated 172
loans during 2023. The total origination value was $28,620,000, with an average loan value of
$166,395.
Escanaba's average closing costs are $3,731.
The top Escanaba lender as defined by loan originations is QUICKEN LOANS, LLC, with
9 loans originated. Their average total fees are
$4,874, which is $1,620
lower than the next largest lender,
Mr. Cooper ( Nationstar Mortgage ).
The lowest fee Escanaba lenders (with over 10 loans originated) are
.
The lowest rate Escanaba lenders (with over 10 loans originated) are
.
Escanaba, 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 |
---|---|---|---|---|
QUICKEN LOANS, LLC | $4,305,000 | $2,785,000 | -35.3% | 9.7% |
UNITED WHOLESALE MORTGAGE, LLC | $2,285,000 | $2,335,000 | 2.2% | 8.2% |
Mortgage Research Center, LLC | $3,570,000 | $1,875,000 | -47.5% | 6.6% |
Nicolet National Bank | $3,995,000 | $1,470,000 | -63.2% | 5.1% |
Flagstar Bank, FSB | $1,650,000 | $1,085,000 | -34.2% | 3.8% |
FIRST CENTENNIAL MORTGAGE CORPORATION | $1,020,000 | $990,000 | -2.9% | 3.5% |
GreenStone Farm Credit Services, FLCA | $915,000 | $970,000 | 6.0% | 3.4% |
LAKE MICHIGAN CREDIT UNION | $890,000 | n/a | 3.1% | |
NAVY FEDERAL CREDIT UNION | $250,000 | $800,000 | 220.0% | 2.8% |
AMERISAVE MORTGAGE CORPORATION | $405,000 | $725,000 | 79.0% | 2.5% |
USAA Federal Savings Bank | $465,000 | $690,000 | 48.4% | 2.4% |
Oregon Community Bank | $835,000 | $675,000 | -19.2% | 2.4% |
LOANDEPOT.COM, LLC | $980,000 | $645,000 | -34.2% | 2.3% |
JPMorgan Chase Bank | $620,000 | n/a | 2.2% | |
Mr. Cooper ( Nationstar Mortgage ) | $300,000 | $615,000 | 105.0% | 2.1% |
American National Bank - Fox Cities | $595,000 | n/a | 2.1% | |
The Stephenson National Bank and Trust | $580,000 | n/a | 2.0% | |
LIMA ONE CAPITAL, LLC | $555,000 | n/a | 1.9% | |
FREEDOM MORTGAGE CORPORATION | $1,115,000 | $545,000 | -51.1% | 1.9% |
The Huntington National Bank | $100,000 | $540,000 | 440.0% | 1.9% |
NEW DAY FINANCIAL, LLC | $575,000 | $525,000 | -8.7% | 1.8% |
Bank of America | $420,000 | $510,000 | 21.4% | 1.8% |
Nations Lending Corporation | $175,000 | $465,000 | 165.7% | 1.6% |
GSF Mortgage Corporation | $390,000 | n/a | 1.4% | |
THRIVE MORTGAGE, LLC | $375,000 | n/a | 1.3% | |
VILLAGE CAPITAL MORTGAGE | $310,000 | n/a | 1.1% | |
AMERICAN FINANCIAL NETWORK, INC. | $300,000 | n/a | 1.0% | |
Independent Bank | $195,000 | $290,000 | 48.7% | 1.0% |
Honor Credit Union | $225,000 | $255,000 | 13.3% | 0.9% |
Johnson Bank | $255,000 | n/a | 0.9% | |
The Federal Savings Bank | $255,000 | n/a | 0.9% | |
CARDINAL FINANCIAL | $145,000 | $215,000 | 48.3% | 0.8% |
AMCAP MORTGAGE, LTD. | $205,000 | n/a | 0.7% | |
UNION HOME MORTGAGE CORP. | $205,000 | n/a | 0.7% | |
CREDIT UNION ONE | $155,000 | $200,000 | 29.0% | 0.7% |
CONSUMERS | $185,000 | n/a | 0.6% | |
GUILD MORTGAGE COMPANY | $185,000 | n/a | 0.6% | |
Willamette Valley Bank | $185,000 | n/a | 0.6% | |
Isabella Bank | $175,000 | n/a | 0.6% | |
Ixonia Bank | $165,000 | n/a | 0.6% | |
J. VIRGIL, INC. | $45,000 | $165,000 | 266.7% | 0.6% |
U.S. Bank | $510,000 | $165,000 | -67.6% | 0.6% |
PREMIA MORTGAGE, LLC | $155,000 | n/a | 0.5% | |
MICHIGAN MUTUAL, INC. | $455,000 | $145,000 | -68.1% | 0.5% |
PNC Bank | $35,000 | $145,000 | 314.3% | 0.5% |
Barrington Bank & Trust Company, N.A. | $560,000 | $125,000 | -77.7% | 0.4% |
Servion, Inc. | $115,000 | n/a | 0.4% | |
THE MORTGAGE LINK, INC. | $115,000 | n/a | 0.4% | |
Citibank | $105,000 | n/a | 0.4% | |
IncredibleBank | $200,000 | $105,000 | -47.5% | 0.4% |
MID AMERICA MORTGAGE, INC. | $95,000 | $105,000 | 10.5% | 0.4% |
Bank of England | $95,000 | $95,000 | 0.0% | 0.3% |
BETTER MORTGAGE CORPORATION | $95,000 | n/a | 0.3% | |
HOMESIDE FINANCIAL, LLC | $95,000 | n/a | 0.3% | |
LAKEVIEW LOAN SERVICING, LLC | $465,000 | $95,000 | -79.6% | 0.3% |
LIBERTY HOME MORTGAGE CORPORATION | $95,000 | n/a | 0.3% | |
Discover Bank | $85,000 | n/a | 0.3% | |
FOX COMMUNITIES | $85,000 | n/a | 0.3% | |
LONGBRIDGE FINANCIAL, LLC | $85,000 | n/a | 0.3% | |
Service Federal Credit Union | $85,000 | n/a | 0.3% | |
TOP FLITE FINANCIAL, INC. | $710,000 | $85,000 | -88.0% | 0.3% |
BROKER SOLUTIONS, INC. | $105,000 | $75,000 | -28.6% | 0.3% |
FINANCE OF AMERICA REVERSE LLC | $75,000 | n/a | 0.3% | |
Paramount Residential Mortgage Group, Inc. | $75,000 | n/a | 0.3% | |
Plains Commerce Bank | $75,000 | n/a | 0.3% | |
Citizens Bank | $95,000 | $65,000 | -31.6% | 0.2% |
NEWREZ LLC | $115,000 | $65,000 | -43.5% | 0.2% |
CoVantage Credit Union | $75,000 | $55,000 | -26.7% | 0.2% |
Fifth Third Bank | $55,000 | n/a | 0.2% | |
Coastal Community Bank | $40,000 | n/a | 0.1% | |
CIBM Bank | $35,000 | n/a | 0.1% | |
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $650,000 | $25,000 | -96.2% | 0.1% |
Escanaba's top lender by overall market share is QUICKEN LOANS, LLC, with 9.7% market share. In second place, with 8.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $2,335,000 in loans. In third place, with 6.6%, is Mortgage Research Center, LLC, having originated $1,875,000 in loans. In fourth place, with 5.1%, is Nicolet National Bank, having originated $1,470,000 in loans. In fifth place, with 3.8%, is Flagstar Bank, FSB, having originated $1,085,000 in loans.
Escanaba Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Escanaba (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $117,350 (5.6%) | $158,826 (6.7%) | 0.00 | 169 |
2018-02-01 | $130,975 (15.2%) | $171,236 (13.9%) | 0.00 | 144 |
2018-03-01 | $136,450 (18.7%) | $159,905 (2.5%) | 0.00 | 143 |
2018-04-01 | $139,450 (21.3%) | $166,076 (5.0%) | 0.00 | 149 |
2018-05-01 | $139,925 (17.8%) | $165,807 (-1.8%) | 0.00 | 186 |
2018-06-01 | $139,900 (15.7%) | $167,511 (-1.3%) | 0.00 | 238 |
2018-07-01 | $129,700 (3.8%) | $160,089 (-6.7%) | 0.00 | 250 |
2018-08-01 | $129,950 (4.6%) | $159,047 (-5.8%) | 0.00 | 261 |
2018-09-01 | $124,400 (0.7%) | $158,663 (-6.7%) | 0.00 | 259 |
2018-10-01 | $118,700 (-0.8%) | $152,201 (-9.4%) | 0.00 | 253 |
2018-11-01 | $116,375 (-5.0%) | $152,284 (-7.0%) | 0.00 | 232 |
2018-12-01 | $117,000 (-6.3%) | $146,751 (-9.8%) | 0.00 | 206 |
2019-01-01 | $104,750 (-10.7%) | $143,493 (-9.7%) | 0.00 | 181 |
2019-02-01 | $115,050 (-12.2%) | $151,962 (-11.3%) | 0.00 | 169 |
2019-03-01 | $127,957 (-6.2%) | $164,596 (2.9%) | 0.00 | 164 |
2019-04-01 | $141,075 (1.2%) | $178,837 (7.7%) | 0.00 | 161 |
2019-05-01 | $144,100 (3.0%) | $177,225 (6.9%) | 0.00 | 169 |
2019-06-01 | $149,900 (7.2%) | $182,382 (8.9%) | 0.00 | 188 |
2019-07-01 | $143,700 (10.8%) | $178,857 (11.7%) | 0.00 | 199 |
2019-08-01 | $135,836 (4.5%) | $175,290 (10.2%) | 0.00 | 213 |
2019-09-01 | $129,741 (4.3%) | $169,440 (6.8%) | 0.00 | 220 |
2019-10-01 | $124,975 (5.3%) | $165,182 (8.5%) | 0.00 | 228 |
2019-11-01 | $124,900 (7.3%) | $165,768 (8.9%) | 0.00 | 219 |
2019-12-01 | $120,000 (2.6%) | $167,022 (13.8%) | 0.00 | 196 |
2020-01-01 | $119,925 (14.5%) | $170,384 (18.7%) | 0.00 | 170 |
2020-02-01 | $119,900 (4.2%) | $169,064 (11.3%) | 0.00 | 163 |
2020-03-01 | $118,725 (-7.2%) | $173,426 (5.4%) | 0.00 | 159 |
2020-04-01 | $129,225 (-8.4%) | $172,216 (-3.7%) | 0.00 | 148 |
2020-05-01 | $124,500 (-13.6%) | $179,682 (1.4%) | 0.00 | 148 |
2020-06-01 | $142,225 (-5.1%) | $200,254 (9.8%) | 0.00 | 137 |
2020-07-01 | $139,900 (-2.6%) | $201,021 (12.4%) | 0.00 | 129 |
2020-08-01 | $120,000 (-11.7%) | $192,666 (9.9%) | 0.00 | 137 |
2020-09-01 | $126,175 (-2.8%) | $198,642 (17.2%) | 0.00 | 125 |
2020-10-01 | $137,750 (10.2%) | $198,596 (20.2%) | 0.00 | 104 |
2020-11-01 | $128,350 (2.8%) | $192,589 (16.2%) | 0.00 | 97 |
2020-12-01 | $120,300 (0.3%) | $193,201 (15.7%) | 0.00 | 97 |
2021-01-01 | $118,400 (-1.3%) | $186,207 (9.3%) | 0.00 | 76 |
2021-02-01 | $110,500 (-7.8%) | $197,443 (16.8%) | 0.00 | 58 |
2021-03-01 | $161,475 (36.0%) | $244,225 (40.8%) | 0.00 | 44 |
2021-04-01 | $184,450 (42.7%) | $272,932 (58.5%) | 0.00 | 45 |
2021-05-01 | $159,950 (28.5%) | $265,662 (47.9%) | 0.00 | 49 |
2021-06-01 | $197,450 (38.8%) | $274,425 (37.0%) | 0.00 | 61 |
2021-07-01 | $184,900 (32.2%) | $264,371 (31.5%) | 0.00 | 70 |
2021-08-01 | $166,125 (38.4%) | $249,497 (29.5%) | 0.00 | 78 |
2021-09-01 | $164,925 (30.7%) | $258,308 (30.0%) | 0.00 | 78 |
2021-10-01 | $159,900 (16.1%) | $275,803 (38.9%) | 0.00 | 71 |
2021-11-01 | $159,150 (24.0%) | $261,125 (35.6%) | 0.00 | 64 |
2021-12-01 | $161,150 (34.0%) | $273,592 (41.6%) | 0.00 | 54 |
2022-01-01 | $169,900 (43.5%) | $343,850 (84.7%) | 0.00 | 36 |
2022-02-01 | $189,900 (71.9%) | $348,487 (76.5%) | 0.00 | 32 |
2022-03-01 | $182,625 (13.1%) | $354,660 (45.2%) | 0.00 | 30 |
2022-04-01 | $196,200 (6.4%) | $377,265 (38.2%) | 0.00 | 37 |
2022-05-01 | $259,675 (62.4%) | $354,507 (33.4%) | 0.00 | 46 |
2022-06-01 | $215,950 (9.4%) | $329,266 (20.0%) | 0.00 | 49 |
2022-07-01 | $254,950 (37.9%) | $350,098 (32.4%) | 0.00 | 57 |
2022-08-01 | $277,475 (67.0%) | $349,198 (40.0%) | 0.00 | 69 |
2022-09-01 | $259,950 (57.6%) | $343,683 (33.1%) | 0.00 | 68 |
2022-10-01 | $204,750 (28.1%) | $287,008 (4.1%) | 0.00 | 68 |
2022-11-01 | $177,975 (11.8%) | $275,812 (5.6%) | 0.00 | 62 |
2022-12-01 | $179,000 (11.1%) | $290,293 (6.1%) | 0.00 | 57 |
2023-01-01 | $169,450 (-0.3%) | $287,464 (-16.4%) | 0.00 | 48 |
2023-02-01 | $219,250 (15.5%) | $344,180 (-1.2%) | 0.00 | 37 |
2023-03-01 | $400,225 (119.2%) | $425,539 (20.0%) | 0.00 | 32 |
2023-04-01 | $415,000 (111.5%) | $428,408 (13.6%) | 0.00 | 26 |
2023-05-01 | $317,625 (22.3%) | $372,838 (5.2%) | 0.00 | 36 |
2023-06-01 | $290,000 (34.3%) | $376,559 (14.4%) | 0.00 | 44 |
2023-07-01 | $293,250 (15.0%) | $410,013 (17.1%) | 0.00 | 46 |
2023-08-01 | $314,750 (13.4%) | $416,632 (19.3%) | 0.00 | 48 |
2023-09-01 | $279,000 (7.3%) | $384,885 (12.0%) | 0.00 | 59 |
2023-10-01 | $255,000 (24.5%) | $360,811 (25.7%) | 0.00 | 65 |
2023-11-01 | $204,675 (15.0%) | $355,612 (28.9%) | 0.00 | 63 |
2023-12-01 | $199,900 (11.7%) | $345,530 (19.0%) | 0.00 | 63 |
2024-01-01 | $224,750 (32.6%) | $370,940 (29.0%) | 0.00 | 54 |
2024-02-01 | $225,000 (2.6%) | $390,482 (13.5%) | 0.00 | 57 |
2024-03-01 | $249,900 (-37.6%) | $429,893 (1.0%) | 0.00 | 50 |
2024-04-01 | $271,000 (-34.7%) | $426,746 (-0.4%) | 0.00 | 50 |
2024-05-01 | $274,750 (-13.5%) | $425,448 (14.1%) | 0.00 | 55 |
2024-06-01 | $277,000 (-4.5%) | $362,336 (-3.8%) | 0.00 | 57 |
2024-07-01 | $275,000 (-6.2%) | $359,440 (-12.3%) | 0.00 | 55 |
2024-08-01 | $320,000 (1.7%) | $368,855 (-11.5%) | 0.00 | 53 |
2024-09-01 | $314,500 (12.7%) | $363,770 (-5.5%) | 0.00 | 55 |
2024-10-01 | $304,450 (19.4%) | $422,436 (17.1%) | 0.00 | 68 |
Escanaba's median listing price comes in at 0% of the national average.
Escanaba's average listing price for 2024-10-01 was $422,436, a difference of $61,625 (17.1%) versus the prior year and $58,666 versus the prior month.
For the 2024-10-01 period, Escanaba had 68 MLS listings, a difference of 13 listings (24%) versus the prior month and 3 listings (5%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Escanaba (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,447 sqft |
2018-02-01 | 0 days | 1,536 sqft |
2018-03-01 | 0 days | 1,506 sqft |
2018-04-01 | 0 days | 1,499 sqft |
2018-05-01 | 0 days | 1,465 sqft |
2018-06-01 | 0 days | 1,445 sqft |
2018-07-01 | 0 days | 1,484 sqft |
2018-08-01 | 0 days | 1,484 sqft |
2018-09-01 | 0 days | 1,484 sqft |
2018-10-01 | 0 days | 1,442 sqft |
2018-11-01 | 0 days | 1,423 sqft |
2018-12-01 | 0 days | 1,472 sqft |
2019-01-01 | 0 days | 1,389 sqft |
2019-02-01 | 0 days | 1,441 sqft |
2019-03-01 | 0 days | 1,470 sqft |
2019-04-01 | 0 days | 1,492 sqft |
2019-05-01 | 0 days | 1,525 sqft |
2019-06-01 | 0 days | 1,568 sqft |
2019-07-01 | 0 days | 1,539 sqft |
2019-08-01 | 0 days | 1,529 sqft |
2019-09-01 | 0 days | 1,524 sqft |
2019-10-01 | 0 days | 1,520 sqft |
2019-11-01 | 0 days | 1,501 sqft |
2019-12-01 | 0 days | 1,505 sqft |
2020-01-01 | 0 days | 1,497 sqft |
2020-02-01 | 0 days | 1,482 sqft |
2020-03-01 | 0 days | 1,480 sqft |
2020-04-01 | 0 days | 1,489 sqft |
2020-05-01 | 0 days | 1,493 sqft |
2020-06-01 | 0 days | 1,503 sqft |
2020-07-01 | 0 days | 1,503 sqft |
2020-08-01 | 0 days | 1,491 sqft |
2020-09-01 | 0 days | 1,520 sqft |
2020-10-01 | 0 days | 1,522 sqft |
2020-11-01 | 0 days | 1,489 sqft |
2020-12-01 | 0 days | 1,491 sqft |
2021-01-01 | 0 days | 1,500 sqft |
2021-02-01 | 0 days | 1,570 sqft |
2021-03-01 | 0 days | 1,600 sqft |
2021-04-01 | 0 days | 1,546 sqft |
2021-05-01 | 0 days | 1,499 sqft |
2021-06-01 | 0 days | 1,462 sqft |
2021-07-01 | 0 days | 1,545 sqft |
2021-08-01 | 0 days | 1,727 sqft |
2021-09-01 | 0 days | 1,699 sqft |
2021-10-01 | 0 days | 1,648 sqft |
2021-11-01 | 0 days | 1,526 sqft |
2021-12-01 | 0 days | 1,668 sqft |
2022-01-01 | 0 days | 1,497 sqft |
2022-02-01 | 0 days | 1,416 sqft |
2022-03-01 | 0 days | 1,528 sqft |
2022-04-01 | 0 days | 1,875 sqft |
2022-05-01 | 0 days | 1,829 sqft |
2022-06-01 | 0 days | 1,840 sqft |
2022-07-01 | 0 days | 1,870 sqft |
2022-08-01 | 0 days | 1,859 sqft |
2022-09-01 | 0 days | 1,826 sqft |
2022-10-01 | 0 days | 1,808 sqft |
2022-11-01 | 0 days | 1,713 sqft |
2022-12-01 | 0 days | 1,672 sqft |
2023-01-01 | 0 days | 1,535 sqft |
2023-02-01 | 0 days | 1,717 sqft |
2023-03-01 | 0 days | 2,019 sqft |
2023-04-01 | 0 days | 1,829 sqft |
2023-05-01 | 0 days | 1,872 sqft |
2023-06-01 | 0 days | 1,844 sqft |
2023-07-01 | 0 days | 1,847 sqft |
2023-08-01 | 0 days | 1,890 sqft |
2023-09-01 | 0 days | 1,790 sqft |
2023-10-01 | 0 days | 1,742 sqft |
2023-11-01 | 0 days | 1,788 sqft |
2023-12-01 | 0 days | 1,792 sqft |
2024-01-01 | 0 days | 1,846 sqft |
2024-02-01 | 0 days | 1,810 sqft |
2024-03-01 | 0 days | 1,824 sqft |
2024-04-01 | 0 days | 1,816 sqft |
2024-05-01 | 0 days | 1,822 sqft |
2024-06-01 | 0 days | 1,812 sqft |
2024-07-01 | 0 days | 1,774 sqft |
2024-08-01 | 0 days | 1,870 sqft |
2024-09-01 | 0 days | 1,749 sqft |
2024-10-01 | 0 days | 1,610 sqft |
Escanaba's median square footage for active listings during the 2024-10-01 period was 1,610 sqft. One year prior, the average listing was 1,742 sqft.
Escanaba, MI Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 110 | $20,150,000 | $183,182 |
Cash Out Refi | 34 | $5,250,000 | $154,412 |
Other | 13 | $885,000 | $68,077 |
Refi | 11 | $2,205,000 | $200,455 |
Home Improvement | 4 | $130,000 | $32,500 |
Escanaba's most frequently cited loan purpose was Home Purchase, with 110 originations. The 2nd most popular reason was Cash Out Refi, with 34 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 66 | $11,290,000 | $171,061 |
7-8% | 48 | $8,010,000 | $166,875 |
Over 8% | 27 | $3,285,000 | $121,667 |
5-6% | 26 | $4,200,000 | $161,538 |
3-4% | 1 | $85,000 | $85,000 |
4-5% | 1 | $575,000 | $575,000 |
During 2023, Escanaba's most frequently originated rate bucket was 6-7%, with 66 originations.
Loan Sizing (Escanaba, MI MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 70 | $10,400,000 | $148,571 |
$100,000 or less | 60 | $4,110,000 | $68,500 |
$200k-400k | 33 | $9,065,000 | $274,697 |
$400k-600k | 7 | $3,625,000 | $517,857 |
$600k-1000k | 2 | $1,420,000 | $710,000 |
Escanaba's loan sizing saw the bucket of loans from $100k-200k with 70 originations, totaling $10,400,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 86 | $15,870,000 | $184,535 |
60-80% | 35 | $6,815,000 | $194,714 |
40-60% | 18 | $2,190,000 | $121,667 |
20-40% | 16 | $1,260,000 | $78,750 |
Under 20% | 10 | $260,000 | $26,000 |
Over 100% | 3 | $765,000 | $255,000 |
Escanaba's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 86 originations, totaling $15,870,000 in origination value.