GRAND RAPIDS - KENTWOOD Mortgage Rates
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Grand Rapids - Kentwood averaged
3.41%
for the week of 2021-11-24, compared to the national average of
3.1% for the same period.
The average rate for the prior week (2021-11-18) was
3.41% and
one month ago for the week of 2021-10-21, the
average rate was 3.2%.
Grand Rapids - Kentwood's average rate one year ago was 3.03%.
For refis of the same type during the week of 2021-11-24, the average rate
was 3.07%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2021-11-24 | 3.1% |
| Grand Rapids - Kentwood 30 Year Fixed Rate | 2021-11-24 | 3.41% |
| Grand Rapids - Kentwood 30 Year Fixed Rate Refi | 2021-11-24 | 3.07% |
| Grand Rapids - Kentwood 15 Year Fixed Rate | 2021-11-24 | 3.35% |
| Grand Rapids - Kentwood 15 Year Fixed Rate Refi | 2021-11-24 | 2.52% |
| Grand Rapids - Kentwood 30 Year FHA | 2021-11-24 | 3.64% |
| Grand Rapids - Kentwood 30 Year FHA Refi | 2021-11-24 | 3.58% |
| Grand Rapids - Kentwood 30 Year USDA | 2021-11-24 | 3.36% |
| Grand Rapids - Kentwood 30 Year USDA Refi | 2021-11-24 | 3.32% |
| Grand Rapids - Kentwood 30 Year VA | 2021-11-24 | 3.31% |
| Grand Rapids - Kentwood 30 Year VA Refi | 2021-11-24 | 2.99% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within GRAND RAPIDS-KENTWOOD, MI.
GRAND RAPIDS - KENTWOOD 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 GRAND RAPIDS-KENTWOOD, 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.).
GRAND RAPIDS-KENTWOOD, MI's 321 lenders originated 59,332
loans during 2020. The total origination value was $12,352,410,000, with an average loan value of
$208,191.
The top GRAND RAPIDS - KENTWOOD lender as defined by loan originations is LAKE MICHIGAN CREDIT UNION, with
5,193 loans originated. Their average total fees are
$2,760, which is $143
lower than the next largest lender,
Neighborhood Loans, Inc..
The lowest fee GRAND RAPIDS - KENTWOOD lenders (with over 10 loans originated) are
TEAM ONE CREDIT UNION ($458), CHERRY CREEK MORTGAGE, LLC ($965), EVERETT FINANCIAL, INC. ($1,192), PNC Bank, National Association ($1,330) and SUN WEST MORTGAGE COMPANY, INC. ($1,618).
The lowest rate GRAND RAPIDS - KENTWOOD lenders (with over 10 loans originated) are
OAK MORTGAGE, LLC (2.68%), West Michigan Credit Union (2.89%), Frankenmuth Credit Union (2.90%), CIBC Bank USA (2.91%) and Pacor Mortgage Corp (2.93%).
GRAND RAPIDS-KENTWOOD, 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 | 2019 Loan Value | 2020 Loan Value | % Change | 2020 Market Share |
|---|---|---|---|---|
| Lake Michigan Credit Union | $1,355,580,000 | $2,275,060,000 | 67.8% | 18.4% |
| Quicken Loans | $314,455,000 | $600,475,000 | 91.0% | 4.9% |
| Fifth Third Bank | $454,545,000 | $520,840,000 | 14.6% | 4.2% |
| Huntington National Bank | $384,280,000 | $483,370,000 | 25.8% | 3.9% |
| Neighborhood Loans | $228,590,000 | $459,840,000 | 101.2% | 3.7% |
| Independent Bank | $215,000 | $392,440,000 | 182,430.2% | 3.2% |
| Mercantile Bank of Michigan | $162,030,000 | $386,785,000 | 138.7% | 3.1% |
| Northpointe Bank | $166,220,000 | $360,565,000 | 116.9% | 2.9% |
| WALKER & DUNLOP, LLC | $58,285,000 | $344,050,000 | 490.3% | 2.8% |
| TCF National Bank | $125,025,000 | $325,730,000 | 160.5% | 2.6% |
| Old National Bank | $188,490,000 | $311,320,000 | 65.2% | 2.5% |
| United Shore Financial Services LLC | $151,990,000 | $266,445,000 | 75.3% | 2.2% |
| Mortgage 1 Incorporated | $131,385,000 | $226,690,000 | 72.5% | 1.8% |
| Finance of America Mortgage LLC | $117,025,000 | $203,760,000 | 74.1% | 1.6% |
| Consumers Credit Union | $87,825,000 | $198,465,000 | 126.0% | 1.6% |
| Northern Mortgage Services, LLC | $102,620,000 | $183,165,000 | 78.5% | 1.5% |
| JPMorgan Chase Bank, NA | $162,485,000 | $181,985,000 | 12.0% | 1.5% |
| MACATAWA BANK | $107,605,000 | $168,725,000 | 56.8% | 1.4% |
| United Bank Of Michigan | $39,805,000 | $165,815,000 | 316.6% | 1.3% |
| PNC BANK NA | $221,710,000 | $163,455,000 | -26.3% | 1.3% |
| Ark-La-Tex Financial Services LLC | $83,580,000 | $157,550,000 | 88.5% | 1.3% |
| Berkadia Commercial Mortgage | $48,260,000 | $132,090,000 | 173.7% | 1.1% |
| Grand River Bank | $73,265,000 | $127,800,000 | 74.4% | 1.0% |
| Union Home Mortgage Company | $79,780,000 | $119,380,000 | 49.6% | 1.0% |
| ChoiceOne Bank | $46,660,000 | $112,875,000 | 141.9% | 0.9% |
| Inlanta Mortgage | $54,240,000 | $112,465,000 | 107.3% | 0.9% |
| Flagstar Bank | $84,365,000 | $110,185,000 | 30.6% | 0.9% |
| Churchill Mortgage Corporation | $66,200,000 | $109,080,000 | 64.8% | 0.9% |
| Freedom Mortgage Corporation | $33,715,000 | $107,205,000 | 218.0% | 0.9% |
| WELLS FARGO BANK NA | $57,095,000 | $105,295,000 | 84.4% | 0.9% |
| VanDyk Mortgage Corporation | $54,250,000 | $93,170,000 | 71.7% | 0.8% |
| West Michigan Community Bank | $50,650,000 | $88,370,000 | 74.5% | 0.7% |
| Caliber Home Loans Inc | $46,560,000 | $78,835,000 | 69.3% | 0.6% |
| Nationstar Mortgage | $41,020,000 | $75,100,000 | 83.1% | 0.6% |
| PRIMELENDING | $31,510,000 | $69,765,000 | 121.4% | 0.6% |
| Ruoff Home Mortgage | $6,125,000 | $67,430,000 | 1,000.9% | 0.5% |
| Success Mortgage Partners Inc. | $41,790,000 | $65,030,000 | 55.6% | 0.5% |
| Adventure Credit Union | $38,400,000 | $64,105,000 | 66.9% | 0.5% |
| loanDepot LLC | $32,690,000 | $62,820,000 | 92.2% | 0.5% |
| CBNA | $15,175,000 | $56,630,000 | 273.2% | 0.5% |
| AmeriFirst Home Mortgage | $25,995,000 | $52,240,000 | 101.0% | 0.4% |
| Michigan State University Federal Credit Union | $23,135,000 | $47,575,000 | 105.6% | 0.4% |
| Bank of America NA | $65,775,000 | $47,470,000 | -27.8% | 0.4% |
| The Dart Bank | $35,620,000 | $46,250,000 | 29.8% | 0.4% |
| Guaranteed Rate Inc. | $35,895,000 | $43,225,000 | 20.4% | 0.3% |
| PFCU | $25,590,000 | $43,035,000 | 68.2% | 0.3% |
| GreenStone Farm Credit Services | $16,500,000 | $40,460,000 | 145.2% | 0.3% |
| BM REAL ESTATE SERVICES, INC. | $9,235,000 | $40,400,000 | 337.5% | 0.3% |
| MMS Mortgage Services, Ltd | $23,450,000 | $39,285,000 | 67.5% | 0.3% |
| Home Point Financial Corporation | $3,610,000 | $37,490,000 | 938.5% | 0.3% |
| Mortgage Center LLC | $11,720,000 | $35,430,000 | 202.3% | 0.3% |
| Capital One, NA | $19,610,000 | $34,960,000 | 78.3% | 0.3% |
| Arbor Financial Credit Union | $20,215,000 | $34,845,000 | 72.4% | 0.3% |
| Mortgage Research Center LLC | $23,195,000 | $34,535,000 | 48.9% | 0.3% |
| AAC Credit Union | $14,755,000 | $34,245,000 | 132.1% | 0.3% |
| Amerisave Mortgage Corporation | $9,825,000 | $33,985,000 | 245.9% | 0.3% |
| United Federal Credit Union | $17,620,000 | $33,220,000 | 88.5% | 0.3% |
| Bellwether Enterprise Real Estate Capital LLC | $21,745,000 | $32,680,000 | 50.3% | 0.3% |
| Michigan Mutual, Inc. DBA MiMutual Mortgage | $16,885,000 | $32,275,000 | 91.1% | 0.3% |
| Better Mortgage Corporation | $9,030,000 | $30,035,000 | 232.6% | 0.2% |
| top flite financial, inc. | $11,050,000 | $29,400,000 | 166.1% | 0.2% |
| Level One Bank | $16,780,000 | $27,645,000 | 64.7% | 0.2% |
| Isabella Bank | $12,410,000 | $27,430,000 | 121.0% | 0.2% |
| Keller Mortgage LLC | $16,415,000 | $26,865,000 | 63.7% | 0.2% |
| POLARIS HOME FUNDING CORP | $16,005,000 | $26,755,000 | 67.2% | 0.2% |
| Community West Credit Union | $12,835,000 | $26,690,000 | 107.9% | 0.2% |
| Envoy Mortgage Ltd. | $18,455,000 | $26,630,000 | 44.3% | 0.2% |
| Michigan First Credit Union | $12,700,000 | $26,255,000 | 106.7% | 0.2% |
| Gold Star Mortgage Financial Group, Corporation | $17,250,000 | $24,650,000 | 42.9% | 0.2% |
| HORIZON BANK | $18,945,000 | $24,075,000 | 27.1% | 0.2% |
| Towne Mortgage Company | $26,765,000 | $23,820,000 | -11.0% | 0.2% |
| NEWREZ LLC | $5,785,000 | $23,605,000 | 308.0% | 0.2% |
| Synergy One Lending | $3,105,000 | $23,210,000 | 647.5% | 0.2% |
| Preferred Credit Union | $8,450,000 | $22,795,000 | 169.8% | 0.2% |
| COMERICA BANK | $21,055,000 | $22,195,000 | 5.4% | 0.2% |
| Michigan One Community Credit Union | $5,615,000 | $21,035,000 | 274.6% | 0.2% |
| USAA FEDERAL SAVINGS BANK | $23,990,000 | $19,955,000 | -16.8% | 0.2% |
| Lakeview Loan Servicing, LLC | $8,675,000 | $18,710,000 | 115.7% | 0.2% |
| US BANK, N.A. | $12,555,000 | $18,110,000 | 44.2% | 0.1% |
| NAVY FEDERAL CREDIT UNION | $13,680,000 | $17,900,000 | 30.8% | 0.1% |
| DFCU Financial | $14,820,000 | $17,790,000 | 20.0% | 0.1% |
| PENNYMAC LOAN SERVICES LLC | $6,955,000 | $17,475,000 | 151.3% | 0.1% |
| New American Funding (dba for Broker Solutions Inc) | $7,795,000 | $16,995,000 | 118.0% | 0.1% |
| Arbor Realty Trust Inc | $3,610,000 | $16,885,000 | 367.7% | 0.1% |
| Credit Union One | $12,850,000 | $16,720,000 | 30.1% | 0.1% |
| Stockton Mortgage Corporation | $6,240,000 | $16,375,000 | 162.4% | 0.1% |
| Member First Mortgage LLC | $6,600,000 | $15,735,000 | 138.4% | 0.1% |
| Cason Home Loans | $10,445,000 | $15,495,000 | 48.3% | 0.1% |
| CARRINGTON MORTGAGE SERVICES | $14,420,000 | $15,010,000 | 4.1% | 0.1% |
| First Guaranty Mortgage Corporation | $3,170,000 | $13,990,000 | 341.3% | 0.1% |
| Triad Financial Services Inc | $16,850,000 | $13,835,000 | -17.9% | 0.1% |
| HomeBridge Financial Services, Inc. | $10,615,000 | $13,550,000 | 27.6% | 0.1% |
| The Hastings City Bank | $5,220,000 | $13,455,000 | 157.8% | 0.1% |
| Cardinal Financial Company LP | $5,160,000 | $12,660,000 | 145.3% | 0.1% |
| Members First Credit Union | $7,060,000 | $12,375,000 | 75.3% | 0.1% |
| The Federal Savings Bank | $6,940,000 | $11,305,000 | 62.9% | 0.1% |
| Morgan Stanley Private Bank NA | $11,195,000 | $10,870,000 | -2.9% | 0.1% |
| Sun West Mortgage Company Inc. | $1,145,000 | $10,690,000 | 833.6% | 0.1% |
| T2 Financial LLC | $10,525,000 | n/a | 0.1% | |
| NewDay Financial LLC dba NewDay USA | $5,455,000 | $10,495,000 | 92.4% | 0.1% |
| American Financial Resources Inc. | $8,915,000 | $10,090,000 | 13.2% | 0.1% |
| FAIRWAY INDEPENDENT MORT CORP | $5,620,000 | $9,200,000 | 63.7% | 0.1% |
| Sidney State Bank | $7,900,000 | $9,110,000 | 15.3% | 0.1% |
| West Michigan Credit Union | $6,145,000 | $9,075,000 | 47.7% | 0.1% |
| AmeriHomeMortgageCompany,LL | $4,520,000 | $9,065,000 | 100.6% | 0.1% |
| RED MORTGAGE CAPITAL, LLC | $8,915,000 | n/a | 0.1% | |
| Commercial Bank | $4,445,000 | $8,480,000 | 90.8% | 0.1% |
| Homestead Funding Corp. | $3,975,000 | $8,345,000 | 109.9% | 0.1% |
| Clearpath Lending | $4,415,000 | $8,125,000 | 84.0% | 0.1% |
| River Valley Credit Union | $3,230,000 | $7,895,000 | 144.4% | 0.1% |
| Village Capital & Investment | $2,345,000 | $7,865,000 | 235.4% | 0.1% |
| BNC NATIONAL BANK | $2,570,000 | $7,680,000 | 198.8% | 0.1% |
| Sturgis Bank & Trust Company | $155,000 | $7,590,000 | 4,796.8% | 0.1% |
| Barrington Bank & Trust | $2,785,000 | $7,320,000 | 162.8% | 0.1% |
| BLG Holdings, Inc. DBA Simple | $2,755,000 | $7,170,000 | 160.3% | 0.1% |
| American Financial Network Inc. | $2,145,000 | $7,145,000 | 233.1% | 0.1% |
| 21ST MORTGAGE | $6,780,000 | $7,015,000 | 3.5% | 0.1% |
| Dow Chemical Employees Credit Union | $3,120,000 | $6,890,000 | 120.8% | 0.1% |
| Goldman Sachs Bank USA | $1,065,000 | $6,865,000 | 544.6% | 0.1% |
| Royal United Mortgage LLC | $4,815,000 | $6,865,000 | 42.6% | 0.1% |
| Meijer Credit Union | $840,000 | $6,785,000 | 707.7% | 0.1% |
| North American Savings Bank | $2,285,000 | $6,705,000 | 193.4% | 0.1% |
| Frankenmuth Credit Union | $450,000 | $6,215,000 | 1,281.1% | 0.1% |
| Intercontinental Capital Group, Inc. | $850,000 | $6,170,000 | 625.9% | 0.0% |
| Raymond James Bank National Association | $860,000 | $6,120,000 | 611.6% | 0.0% |
| NBKC Bank | $3,020,000 | $5,875,000 | 94.5% | 0.0% |
| GVC Mortgage Inc. | $185,000 | $5,715,000 | 2,989.2% | 0.0% |
| CIBC Bank USA | $315,000 | $5,705,000 | 1,711.1% | 0.0% |
| Supreme Lending/ Everett Financial Inc. | $1,725,000 | $5,700,000 | 230.4% | 0.0% |
| American Financing Corporation | $2,750,000 | $5,645,000 | 105.3% | 0.0% |
| AUSTIN CAPITAL BANK SSB | $12,045,000 | $5,535,000 | -54.0% | 0.0% |
| Provident Funding Associates | $5,205,000 | $5,405,000 | 3.8% | 0.0% |
| Plaza Home Mortgage Inc. | $1,770,000 | $5,275,000 | 198.0% | 0.0% |
| SoFi Lending Corp | $770,000 | $5,015,000 | 551.3% | 0.0% |
| FirstBank | $2,895,000 | $5,000,000 | 72.7% | 0.0% |
| Mid America Mortgage Inc. | $465,000 | $4,750,000 | 921.5% | 0.0% |
| Honor Credit Union | $2,380,000 | $4,525,000 | 90.1% | 0.0% |
| Kellogg Community Credit Union | $1,760,000 | $4,480,000 | 154.5% | 0.0% |
| Guaranteed Rate Affinity LLC | $1,550,000 | $4,420,000 | 185.2% | 0.0% |
| PLUS RELOCATION MORTGAGE, LLC | $5,230,000 | $4,395,000 | -16.0% | 0.0% |
| LendingHome Funding Corporation | $4,380,000 | $4,325,000 | -1.3% | 0.0% |
| First Savings Bank | $2,755,000 | $4,310,000 | 56.4% | 0.0% |
| The Anderson Financial Group Inc | $1,095,000 | $4,305,000 | 293.2% | 0.0% |
| CMG Mortgage Inc. | $2,700,000 | $4,295,000 | 59.1% | 0.0% |
| Stifel Bank and Trust | $3,300,000 | $4,280,000 | 29.7% | 0.0% |
| Planet Home Lending LLC | $3,130,000 | $4,255,000 | 35.9% | 0.0% |
| BLUELEAF LENDING, LLC | $635,000 | $4,230,000 | 566.1% | 0.0% |
| E Mortgage Management LLC | $2,425,000 | $4,165,000 | 71.8% | 0.0% |
| Platinum Home Mortgage Corporation | $2,490,000 | $4,095,000 | 64.5% | 0.0% |
| AimLoan.com | $3,410,000 | $4,090,000 | 19.9% | 0.0% |
| Nations Direct Mortgage LLC | $1,950,000 | $4,065,000 | 108.5% | 0.0% |
| Wyndham Capital Mortgage | $2,810,000 | $4,040,000 | 43.8% | 0.0% |
| Premia Mortgage, LLC | $2,975,000 | $4,020,000 | 35.1% | 0.0% |
| AAG | $875,000 | $4,010,000 | 358.3% | 0.0% |
| Homeside Financial LLC | $1,825,000 | $3,965,000 | 117.3% | 0.0% |
| Edgewater Bank | $985,000 | $3,940,000 | 300.0% | 0.0% |
| Draper and Kramer Mortgage Corp. | $1,835,000 | $3,810,000 | 107.6% | 0.0% |
| John Adams Mortgage Co. | $1,110,000 | $3,770,000 | 239.6% | 0.0% |
| Community First Federal Credit | $11,165,000 | $3,660,000 | -67.2% | 0.0% |
| ROSS MORTGAGE CORPORATION | $2,800,000 | $3,620,000 | 29.3% | 0.0% |
| Cherry Creek Mortgage Co. Inc. | $1,395,000 | $3,615,000 | 159.1% | 0.0% |
| Academy Mortgage Corporation | $2,040,000 | $3,535,000 | 73.3% | 0.0% |
| FIRST NATIONAL BANK OF AMERICA | $3,620,000 | $3,465,000 | -4.3% | 0.0% |
| Angel Oak Mortgage Solutions | $360,000 | $3,440,000 | 855.6% | 0.0% |
| The Northern Trust Company | $3,225,000 | $3,400,000 | 5.4% | 0.0% |
| Paramount Residential Mortgage Group Inc. | $1,060,000 | $3,365,000 | 217.5% | 0.0% |
| Primary Residential Mortgage Inc. | $880,000 | $3,325,000 | 277.8% | 0.0% |
| UBS Bank USA | $5,645,000 | $3,310,000 | -41.4% | 0.0% |
| Nations Lending Corporation | $1,325,000 | $3,235,000 | 144.2% | 0.0% |
| TIAA, FSB | $2,245,000 | $3,215,000 | 43.2% | 0.0% |
| Team One Credit Union | $1,185,000 | $3,195,000 | 169.6% | 0.0% |
| Centier Bank | $2,080,000 | $3,155,000 | 51.7% | 0.0% |
| Finance of America Commercial LLC | $13,480,000 | $3,110,000 | -76.9% | 0.0% |
| Greystone Servicing Corporation, Inc. | $3,075,000 | n/a | 0.0% | |
| Pacor Mortgage Corp | $1,255,000 | $2,955,000 | 135.5% | 0.0% |
| Citibank, N.A. | $6,230,000 | $2,935,000 | -52.9% | 0.0% |
| Sovereign Lending Group, Inc | $3,075,000 | $2,860,000 | -7.0% | 0.0% |
| 11406 | $1,110,000 | $2,845,000 | 156.3% | 0.0% |
| Mortgage Lenders of America LLC | $710,000 | $2,830,000 | 298.6% | 0.0% |
| Oxford Bank & Trust | $3,620,000 | $2,820,000 | -22.1% | 0.0% |
| Associated Bank NA | $965,000 | $2,720,000 | 181.9% | 0.0% |
| Eaton Federal Savings Bank | $1,660,000 | $2,690,000 | 62.0% | 0.0% |
| Sunflower Bank, N.A. | $2,310,000 | $2,635,000 | 14.1% | 0.0% |
| Mortgage Services III LLC | $1,035,000 | $2,595,000 | 150.7% | 0.0% |
| Low VA Rates | $2,975,000 | $2,585,000 | -13.1% | 0.0% |
| University Lending Group LLC | $760,000 | $2,525,000 | 232.2% | 0.0% |
| LeaderOne Financial Corp. | $1,335,000 | $2,480,000 | 85.8% | 0.0% |
| Oceanside Mortgage Company | $1,365,000 | $2,450,000 | 79.5% | 0.0% |
| KeyBank National Association | $2,575,000 | $2,425,000 | -5.8% | 0.0% |
| CIBM Bank | $1,380,000 | $2,395,000 | 73.6% | 0.0% |
| Pentagon Federal Credit Union | $710,000 | $2,380,000 | 235.2% | 0.0% |
| First Heritage Financial LLC | $2,345,000 | n/a | 0.0% | |
| Busey Bank | $155,000 | $2,320,000 | 1,396.8% | 0.0% |
| Discover Bank | $2,405,000 | $2,255,000 | -6.2% | 0.0% |
| Main Street Bank | $1,465,000 | $2,250,000 | 53.6% | 0.0% |
| PHH MORTGAGE CORPORATION | $1,065,000 | $2,250,000 | 111.3% | 0.0% |
| LendingOne LLC | $340,000 | $2,235,000 | 557.4% | 0.0% |
| Compass Mortgage Inc | $800,000 | $2,195,000 | 174.4% | 0.0% |
| Michigan Schools and Government CU | $805,000 | $2,160,000 | 168.3% | 0.0% |
| Plains Commerce Bank | $560,000 | $2,140,000 | 282.1% | 0.0% |
| Shelby State Bank | $2,095,000 | n/a | 0.0% | |
| LAFCU | $1,205,000 | $2,055,000 | 70.5% | 0.0% |
| Providence Bank & Trust | $3,230,000 | $2,020,000 | -37.5% | 0.0% |
| SUMMIT HOME MORTGAGE, LLC | $1,200,000 | $2,015,000 | 67.9% | 0.0% |
| MARSHALL COMMUNITY CREDIT UNION | $2,005,000 | n/a | 0.0% | |
| Summit Funding Inc. | $1,230,000 | $1,915,000 | 55.7% | 0.0% |
| Gerber Federal Credit Union | $190,000 | $1,880,000 | 889.5% | 0.0% |
| CASE CREDIT UNION | $1,870,000 | n/a | 0.0% | |
| Wildfire Credit Union | $365,000 | $1,855,000 | 408.2% | 0.0% |
| Longbridge Financial, LLC | $550,000 | $1,850,000 | 236.4% | 0.0% |
| Bank of England | $830,000 | $1,820,000 | 119.3% | 0.0% |
| Charles Schwab Bank | $2,335,000 | $1,820,000 | -22.1% | 0.0% |
| Dort Federal Credit Union | $65,000 | $1,800,000 | 2,669.2% | 0.0% |
| Lakeview Community Capital, LLC | $1,730,000 | n/a | 0.0% | |
| Lake Trust Credit Union | $3,155,000 | $1,725,000 | -45.3% | 0.0% |
| Community Mortgage Funding LLC | $610,000 | $1,700,000 | 178.7% | 0.0% |
| Farmers State Bank of Munith | $560,000 | $1,675,000 | 199.1% | 0.0% |
| ARVEST BANK | $1,345,000 | $1,660,000 | 23.4% | 0.0% |
| Wanigas Credit Union | $65,000 | $1,645,000 | 2,430.8% | 0.0% |
| RENASANT BANK | $475,000 | $1,585,000 | 233.7% | 0.0% |
| University of Michigan Credit Union | $1,365,000 | $1,580,000 | 15.8% | 0.0% |
| KS StateBank | $880,000 | $1,565,000 | 77.8% | 0.0% |
| Colonial Savings | $205,000 | $1,560,000 | 661.0% | 0.0% |
| Waterstone Mortgage Corp | $16,985,000 | $1,445,000 | -91.5% | 0.0% |
| First General Credit Union | $45,000 | $1,395,000 | 3,000.0% | 0.0% |
| Genisys Credit Union | $1,080,000 | $1,395,000 | 29.2% | 0.0% |
| 1st State Bank | $570,000 | $1,390,000 | 143.9% | 0.0% |
| Hometown Lenders LLC | $85,000 | $1,370,000 | 1,511.8% | 0.0% |
| Hometown Equity Mortgage LLC | $1,365,000 | n/a | 0.0% | |
| Reliance First Capital LLC | $525,000 | $1,325,000 | 152.4% | 0.0% |
| Cf Bank National Association | $830,000 | $1,320,000 | 59.0% | 0.0% |
| Guaranty Trust Company | $1,350,000 | $1,275,000 | -5.6% | 0.0% |
| First Home Bank | $545,000 | $1,240,000 | 127.5% | 0.0% |
| Chicago Financial Services, In | $125,000 | $1,220,000 | 876.0% | 0.0% |
| Branch Banking And Trust Co | $1,205,000 | n/a | 0.0% | |
| M&T Bank | $415,000 | $1,200,000 | 189.2% | 0.0% |
| Impac Mortgage Corp. dba CashCall Mortgage | $735,000 | $1,180,000 | 60.5% | 0.0% |
| Meridian Bank | $295,000 | $1,180,000 | 300.0% | 0.0% |
| Embrace Home Loans, Inc. | $2,285,000 | $1,165,000 | -49.0% | 0.0% |
| BOKF NA | $695,000 | $1,160,000 | 66.9% | 0.0% |
| Community Financial Credit Union | $495,000 | $1,160,000 | 134.3% | 0.0% |
| Lenox Financial Mortgage Corp. | $325,000 | $1,160,000 | 256.9% | 0.0% |
| Prosperity Home Mortgage LLC | $890,000 | $1,155,000 | 29.8% | 0.0% |
| Thumb Bank & Trust | $1,155,000 | n/a | 0.0% | |
| DIAMOND RESIDENTIAL MTG CORP | $75,000 | $1,125,000 | 1,400.0% | 0.0% |
| Luxury Mortgage Corp. | $65,000 | $1,125,000 | 1,630.8% | 0.0% |
| Advisors Capital Inc | $490,000 | $1,120,000 | 128.6% | 0.0% |
| Crescent Mortgage Company | $285,000 | $1,105,000 | 287.7% | 0.0% |
| Alliant Credit Union | $1,095,000 | n/a | 0.0% | |
| UIF Corporation | $1,095,000 | n/a | 0.0% | |
| Oakland County Credit Union | $965,000 | $1,090,000 | 13.0% | 0.0% |
| First Centennial Mortgage Corp. | $240,000 | $1,085,000 | 352.1% | 0.0% |
| Homesite Mortgage LLC | $340,000 | $1,080,000 | 217.6% | 0.0% |
| First State Bank Of St. Charles Missouri | $185,000 | $1,065,000 | 475.7% | 0.0% |
| Watermark Home Loans | $320,000 | $1,065,000 | 232.8% | 0.0% |
| Weichert Financial Services | $405,000 | $1,065,000 | 163.0% | 0.0% |
| First Community Mortgage Inc. | $595,000 | $1,060,000 | 78.2% | 0.0% |
| ST. JAMES MORTGAGE CORPORATION | $1,025,000 | n/a | 0.0% | |
| Magnolia Bank Incorporated | $1,570,000 | $1,010,000 | -35.7% | 0.0% |
| Great Lakes Credit Union | $1,000,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $805,000 | $1,000,000 | 24.2% | 0.0% |
| Land Home Financial Services Inc. | $2,420,000 | $995,000 | -58.9% | 0.0% |
| Advia Credit Union | $770,000 | $990,000 | 28.6% | 0.0% |
| Third Federal Savings and Loan | $1,180,000 | $945,000 | -19.9% | 0.0% |
| American Pacific Mortgage Corporation | $940,000 | n/a | 0.0% | |
| 2018 MASTER HMDA LAR | $440,000 | $910,000 | 106.8% | 0.0% |
| FIRST MERCHANTS BANK | $995,000 | $910,000 | -8.5% | 0.0% |
| LenderFi, Inc. | $910,000 | n/a | 0.0% | |
| BNY MELLON, N.A. | $855,000 | $905,000 | 5.8% | 0.0% |
| 1ST SOURCE BANK | $3,015,000 | $900,000 | -70.1% | 0.0% |
| Highlands Residential Mortgage Ltd | $825,000 | $895,000 | 8.5% | 0.0% |
| SPRING EQ, LLC | $405,000 | $895,000 | 121.0% | 0.0% |
| Midwest Loan Services Inc | $3,925,000 | $885,000 | -77.5% | 0.0% |
| Mortgage Solutions of Colorado LLC | $250,000 | $880,000 | 252.0% | 0.0% |
| American Portfolio Mortgage | $315,000 | $855,000 | 171.4% | 0.0% |
| Gold Coast Bank | $385,000 | $855,000 | 122.1% | 0.0% |
| First Federal Bank of Kansas City | $235,000 | $825,000 | 251.1% | 0.0% |
| Sirva Mortgage Inc. | $325,000 | $810,000 | 149.2% | 0.0% |
| Northwest Bank | $800,000 | n/a | 0.0% | |
| Nations Reliable Lending, LLC | $195,000 | $790,000 | 305.1% | 0.0% |
| BMO Harris Bank N.A. | $755,000 | $785,000 | 4.0% | 0.0% |
| Member Advantage Mortgage | $105,000 | $770,000 | 633.3% | 0.0% |
| US Mortgage of Florida | $145,000 | $770,000 | 431.0% | 0.0% |
| Nationwide Mortgage Bankers Inc. | $360,000 | $765,000 | 112.5% | 0.0% |
| Brighton Bank | $195,000 | $760,000 | 289.7% | 0.0% |
| United Security Financial | $360,000 | $740,000 | 105.6% | 0.0% |
| Extra Credit Union | $725,000 | n/a | 0.0% | |
| Alterra Group LLC dba Alterra Home Loans | $8,205,000 | $715,000 | -91.3% | 0.0% |
| First Federal Savings and Loan Association | $205,000 | $710,000 | 246.3% | 0.0% |
| Guild Mortgage Company | $960,000 | $710,000 | -26.0% | 0.0% |
| Core Bank | $700,000 | n/a | 0.0% | |
| Liberty Home Mortgage Corp | $530,000 | $685,000 | 29.2% | 0.0% |
| Baxter Credit Union | $1,005,000 | $680,000 | -32.3% | 0.0% |
| Citywide Home Loans A Utah Corporation | $670,000 | n/a | 0.0% | |
| NBH Bank | $125,000 | $665,000 | 432.0% | 0.0% |
| First Ohio Home Finance Inc | $640,000 | n/a | 0.0% | |
| Northstar Bank | $640,000 | n/a | 0.0% | |
| RBC Bank (Georgia), N.A. | $640,000 | n/a | 0.0% | |
| First Federal Bank of the Midwest | $780,000 | $635,000 | -18.6% | 0.0% |
| LendUS LLC dba RPM Mortgage | $630,000 | n/a | 0.0% | |
| Saginaw Medical Federal Credit | $630,000 | n/a | 0.0% | |
| First State Bank | $350,000 | $625,000 | 78.6% | 0.0% |
| Geneva Financial LLC | $620,000 | n/a | 0.0% | |
| NFM, Inc. | $610,000 | n/a | 0.0% | |
| The Inglis Dealership INC | $610,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $595,000 | n/a | 0.0% | |
| First Tennessee Bank National | $595,000 | n/a | 0.0% | |
| Community Choice Credit Union | $1,325,000 | $590,000 | -55.5% | 0.0% |
| James B. Nutter & Company | $505,000 | $585,000 | 15.8% | 0.0% |
| AMERIS BANK | $580,000 | n/a | 0.0% | |
| Civista Bank | $580,000 | n/a | 0.0% | |
| Parkside Lending LLC | $215,000 | $580,000 | 169.8% | 0.0% |
| MIDWEST COMMUNITY BANK | $575,000 | n/a | 0.0% | |
| MOVEMENT MORTGAGE, LLC | $720,000 | $575,000 | -20.1% | 0.0% |
| KALSEE Credit Union | $120,000 | $565,000 | 370.8% | 0.0% |
| Inland Bank and Trust | $145,000 | $560,000 | 286.2% | 0.0% |
| Digital Federal Credit Union | $15,000 | $555,000 | 3,600.0% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC | $935,000 | $545,000 | -41.7% | 0.0% |
| FBC Mortgage LLC | $295,000 | $535,000 | 81.4% | 0.0% |
| The Union Bank Company | $530,000 | n/a | 0.0% | |
| Allied Mortgage Group Inc | $745,000 | $525,000 | -29.5% | 0.0% |
| Hancock Mortgage Partners LLC | $520,000 | n/a | 0.0% | |
| COUNTRY CLUB BANK | $515,000 | n/a | 0.0% | |
| ENTERPRISE BANK & TRUST | $515,000 | n/a | 0.0% | |
| The State Bank and Trust Company | $515,000 | n/a | 0.0% | |
| First Midwest Bank | $1,205,000 | $500,000 | -58.5% | 0.0% |
| American State Bank | $495,000 | n/a | 0.0% | |
| Hillsdale County National Bank | $1,155,000 | $495,000 | -57.1% | 0.0% |
| Quad City Bank and Trust Company | $485,000 | n/a | 0.0% | |
| SOUTHERN MICHIGAN BANK & TRUST | $580,000 | $475,000 | -18.1% | 0.0% |
| Illinois National Bank | $475,000 | $455,000 | -4.2% | 0.0% |
| Semper Home Loans, Inc | $135,000 | $455,000 | 237.0% | 0.0% |
| NETWORK FUNDING, L.P. | $450,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage | $260,000 | $445,000 | 71.2% | 0.0% |
| ELGA Credit Union | $560,000 | $435,000 | -22.3% | 0.0% |
| GSF Mortgage Corporation | $1,565,000 | $435,000 | -72.2% | 0.0% |
| Beckham Funding Corp | $425,000 | n/a | 0.0% | |
| CAPITAL BANK, NA | $475,000 | $410,000 | -13.7% | 0.0% |
| Open Mortgage LLC | $550,000 | $405,000 | -26.4% | 0.0% |
| Quorum Federal Credit Union | $220,000 | $405,000 | 84.1% | 0.0% |
| Guardian Savings Bank F.S.B. | $385,000 | n/a | 0.0% | |
| BayCoast Bank | $155,000 | $380,000 | 145.2% | 0.0% |
| Notre Dame Federal Credit Union | $835,000 | $380,000 | -54.5% | 0.0% |
| Union Bank & Trust | $380,000 | n/a | 0.0% | |
| First Financial Bank | $375,000 | n/a | 0.0% | |
| Peoples Mortgage Company | $365,000 | n/a | 0.0% | |
| WEI Mortgage LLC | $135,000 | $360,000 | 166.7% | 0.0% |
| Wings Financial Credit Union | $620,000 | $360,000 | -41.9% | 0.0% |
| Zeal CU | $105,000 | $360,000 | 242.9% | 0.0% |
| Mid-Continent Funding, Inc. | $245,000 | $350,000 | 42.9% | 0.0% |
| Republic Bank & Trust Company | $215,000 | $350,000 | 62.8% | 0.0% |
| Cascade Financial Services | $390,000 | $340,000 | -12.8% | 0.0% |
| Equity Resources Inc. | $340,000 | n/a | 0.0% | |
| Thrivent Federal Credit Union | $145,000 | $340,000 | 134.5% | 0.0% |
| Prime Choice Funding, Inc. | $655,000 | $335,000 | -48.9% | 0.0% |
| First Internet Bank | $350,000 | $325,000 | -7.1% | 0.0% |
| Peoples Bank | $390,000 | $325,000 | -16.7% | 0.0% |
| Florida Capital Bank National Association | $235,000 | $320,000 | 36.2% | 0.0% |
| CENTERSTATE BANK N.A. | $315,000 | n/a | 0.0% | |
| UMB BANK NA | $315,000 | n/a | 0.0% | |
| NuMark Credit Union | $505,000 | $310,000 | -38.6% | 0.0% |
| First Western Trust Bank | $305,000 | n/a | 0.0% | |
| Guidance Residential LLC | $305,000 | n/a | 0.0% | |
| Triumph Bank | $550,000 | $305,000 | -44.5% | 0.0% |
| BEST FINANCIAL CREDIT UNION | $1,645,000 | $300,000 | -81.8% | 0.0% |
| DEVON BANK | $285,000 | n/a | 0.0% | |
| DIRECTIONS CREDIT UNION | $285,000 | n/a | 0.0% | |
| OMNI Community Credit Union | $280,000 | n/a | 0.0% | |
| Bank & Trust Company | $275,000 | n/a | 0.0% | |
| Congressional Federal Credit Union | $270,000 | n/a | 0.0% | |
| LHM Financial DBA CNN Mortgage | $270,000 | n/a | 0.0% | |
| EagleBank | $265,000 | n/a | 0.0% | |
| Paramount Bank | $455,000 | $265,000 | -41.8% | 0.0% |
| United Bay Community Credit Un | $390,000 | $260,000 | -33.3% | 0.0% |
| Nudge Funding LLC | $255,000 | n/a | 0.0% | |
| Stock Yards Bank and Trust Co | $255,000 | n/a | 0.0% | |
| CITIZENS NATIONAL BANK | $235,000 | $245,000 | 4.3% | 0.0% |
| Community Trust Bank, Inc. | $245,000 | n/a | 0.0% | |
| Goldwater Bank National Association | $450,000 | $245,000 | -45.6% | 0.0% |
| Vast Bank, N.A. | $245,000 | n/a | 0.0% | |
| Velocity Commercial Capital LLC | $240,000 | n/a | 0.0% | |
| First American Bank | $55,000 | $235,000 | 327.3% | 0.0% |
| SecurityNational Mortgage Company | $235,000 | n/a | 0.0% | |
| Fay Servicing LLC | $200,000 | $230,000 | 15.0% | 0.0% |
| Ardent Federal Credit Union | $225,000 | n/a | 0.0% | |
| First Federal Savings Bank | $155,000 | $225,000 | 45.2% | 0.0% |
| Four Points Federal Credit Union | $225,000 | n/a | 0.0% | |
| Stearns Lending | $115,000 | $225,000 | 95.7% | 0.0% |
| ASTERA CREDIT UNION | $250,000 | $220,000 | -12.0% | 0.0% |
| Colorado Credit Union | $215,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $215,000 | n/a | 0.0% | |
| myCUmortgage LLC | $795,000 | $215,000 | -73.0% | 0.0% |
| Signature Mortgage Corporation | $215,000 | n/a | 0.0% | |
| American Home Lending USA LLC | $205,000 | n/a | 0.0% | |
| MARQUETTE BANK | $205,000 | n/a | 0.0% | |
| Oaktree Funding Corporation | $205,000 | n/a | 0.0% | |
| Star USA Federal Credit Union | $260,000 | $205,000 | -21.2% | 0.0% |
| COPOCO Community Credit Union | $145,000 | $195,000 | 34.5% | 0.0% |
| Evansville Teachers Federal Credit Union | $195,000 | n/a | 0.0% | |
| Best Capital Funding | $175,000 | $185,000 | 5.7% | 0.0% |
| CORNERSTONE HOME LENDING, INC. | $185,000 | n/a | 0.0% | |
| Nicolet National Bank | $185,000 | n/a | 0.0% | |
| Reverse Mortgage Funding LLC | $310,000 | $185,000 | -40.3% | 0.0% |
| Citizens Equity First Credit Union (CEFCU) | $310,000 | $175,000 | -43.5% | 0.0% |
| Great Southern Bank | $205,000 | $165,000 | -19.5% | 0.0% |
| Midland States Bank | $165,000 | n/a | 0.0% | |
| US Mortgage Corporation | $165,000 | n/a | 0.0% | |
| Blue Ridge Bank, NA | $155,000 | n/a | 0.0% | |
| Homespire Mortgage Corporation | $445,000 | $155,000 | -65.2% | 0.0% |
| Rivertown Community Federal Credit Union | $775,000 | $155,000 | -80.0% | 0.0% |
| Sturgis Bank & Trust Company | $155,000 | $155,000 | 0.0% | 0.0% |
| Superior Credit Union Inc. | $155,000 | n/a | 0.0% | |
| Texana Bank, N.A. | $155,000 | n/a | 0.0% | |
| The Equitable Mortgage Corporation | $55,000 | $155,000 | 181.8% | 0.0% |
| Evolve Bank & Trust | $145,000 | n/a | 0.0% | |
| First Choice Loan Services Inc. | $975,000 | $145,000 | -85.1% | 0.0% |
| Independent Bank | $215,000 | $145,000 | -32.6% | 0.0% |
| Iowa State Bank | $145,000 | $145,000 | 0.0% | 0.0% |
| Credit Human Federal Credit Union | $635,000 | $140,000 | -78.0% | 0.0% |
| Deere Employees Credit Union | $965,000 | $140,000 | -85.5% | 0.0% |
| United States Senate Federal Credit Union | $140,000 | n/a | 0.0% | |
| Carter Federal Credit Union | $225,000 | $135,000 | -40.0% | 0.0% |
| Three Rivers Federal Credit Union | $135,000 | n/a | 0.0% | |
| Andrews Federal Credit Union | $125,000 | n/a | 0.0% | |
| Pinnacle Bank | $245,000 | $125,000 | -49.0% | 0.0% |
| Auto Club Trust, FSB | $115,000 | n/a | 0.0% | |
| BREMER BANK, NA | $115,000 | n/a | 0.0% | |
| CoVantage Credit Union | $115,000 | n/a | 0.0% | |
| Stanford Federal Credit Union | $115,000 | n/a | 0.0% | |
| Amalgamated Bank | $105,000 | n/a | 0.0% | |
| Connexus Credit Union | $25,000 | $105,000 | 320.0% | 0.0% |
| Finance of America Reverse LLC | $155,000 | $105,000 | -32.3% | 0.0% |
| SECURITY CREDIT UNION | $105,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $810,000 | $95,000 | -88.3% | 0.0% |
| First Independence Bank | $95,000 | n/a | 0.0% | |
| United Mortgage Corp | $500,000 | $95,000 | -81.0% | 0.0% |
| Farmers Insurance Group Federal Credit Union | $500,000 | $85,000 | -83.0% | 0.0% |
| FIRST NATIONAL BANK OF MIDDLE TENNESSEE | $85,000 | n/a | 0.0% | |
| GreenStone Farm Credit Services | $16,500,000 | $80,000 | -99.5% | 0.0% |
| Purdue Federal Credit Union | $975,000 | $65,000 | -93.3% | 0.0% |
| CountryPlace Mortgage Ltd. | $25,000 | n/a | 0.0% | |
| IBM Southeast Employees Federal Credit Union | $25,000 | $15,000 | -40.0% | 0.0% |
| Home Loan Investment Bank | $40,000 | $5,000 | -87.5% | 0.0% |
GRAND RAPIDS - KENTWOOD's top lender by overall market share is Lake Michigan Credit Union, with 18.4% market share. In second place, with 4.9%, is Quicken Loans, having originated $600,475,000 in loans. In third place, with 4.2%, is Fifth Third Bank, having originated $520,840,000 in loans. In third place, with 3.9%, is Huntington National Bank, having originated $483,370,000 in loans. In third place, with 3.7%, is Neighborhood Loans, having originated $459,840,000 in loans.
GRAND RAPIDS-KENTWOOD, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Refi | 25,887 | $5,784,765,000 | $223,462 |
| Home Purchase | 17,787 | $4,017,405,000 | $225,862 |
| Cash Out Refi | 10,205 | $1,964,575,000 | $192,511 |
| Home Improvement | 3,225 | $290,315,000 | $90,020 |
| Other | 2,211 | $277,625,000 | $125,565 |
| NA | 17 | $17,725,000 | $1,042,647 |
Grand Rapids - Kentwood's most frequently cited loan purpose was Refi, with 25,887 originations. The 2nd most popular reason was Home Purchase, with 17,787 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 26,163 | $5,776,055,000 | $220,772 |
| 2.5-3% | 20,191 | $4,343,925,000 | $215,142 |
| 4-5% | 4,230 | $599,800,000 | $141,797 |
| <2.5% | 3,445 | $748,515,000 | $217,276 |
| 5-6% | 1,028 | $80,100,000 | $77,918 |
| 6-7% | 522 | $28,940,000 | $55,441 |
| Over 8% | 521 | $27,405,000 | $52,601 |
| 7-8% | 359 | $18,465,000 | $51,435 |
During 2020, Grand Rapids - Kentwood's most frequently originated rate bucket was 3-4%, with 26,163 originations.
Loan Sizing (GRAND RAPIDS-KENTWOOD, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 26,012 | $3,931,240,000 | $151,132 |
| $200k-400k | 19,699 | $5,230,375,000 | $265,515 |
| $100,000 or less | 10,355 | $610,885,000 | $58,994 |
| $400k-600k | 2,547 | $1,192,535,000 | $468,212 |
| $600k-1000k | 515 | $388,605,000 | $754,573 |
| $Over $1MM | 204 | $998,770,000 | $4,895,931 |
GRAND RAPIDS - KENTWOOD's loan sizing saw the bucket of loans from $100k-200k with 26,012 originations, totaling $3,931,240,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 19,939 | $4,911,415,000 | $246,322 |
| 80-100% | 17,758 | $4,168,630,000 | $234,747 |
| 40-60% | 9,562 | $1,724,130,000 | $180,311 |
| 20-40% | 4,703 | $598,005,000 | $127,154 |
| Under 20% | 3,643 | $183,305,000 | $50,317 |
| Over 100% | 236 | $76,900,000 | $325,847 |
GRAND RAPIDS - KENTWOOD's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 19,939 originations, totaling $4,911,415,000 in origination value.