Houghton Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Houghton averaged 7.08% for the week of 2025-07-03, compared to the national average of 6.67% for the same period.

    The average rate for the prior week (2025-06-26) was 7.08% and one month ago for the week of 2025-05-29, the average rate was 7.1%.

    Houghton's average rate one year ago was 7.37%.

    For refis of the same type during the week of 2025-07-03, the average rate was 7.27%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-07-03 6.67%
    Houghton 30 Year Fixed Rate 2025-07-03 7.08%
    Houghton 30 Year Fixed Rate Refi 2025-07-03 7.27%
    Houghton 15 Year Fixed Rate 2025-07-03 5.7%
    Houghton 15 Year Fixed Rate Refi 2025-07-03 5.7%
    Houghton 30 Year FHA 2025-07-03 0%
    Houghton 30 Year FHA Refi 2025-07-03 0.2%
    Houghton 30 Year USDA 2025-07-03 0.2%
    Houghton 30 Year USDA Refi 2025-07-03 0.2%
    Houghton 30 Year VA 2025-07-03 -0.2%
    Houghton 30 Year VA Refi 2025-07-03 0.2%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Houghton, MI.

    Houghton 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 Houghton, 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
    IncredibleBank 24 6.71% $2,892
    QUICKEN LOANS, LLC 19 6.71% $6,167
    Flagstar Bank, FSB 6 6.65% $3,335
    NAVY FEDERAL CREDIT UNION 5 6.93% $4,194
    JPMorgan Chase Bank 4 7.19% $4,428
    U.S. Bank 3 7.04% $4,203
    CMG MORTGAGE, INC. 3 6.54% $5,942
    Wells Fargo Bank 3 6.54% $4,393
    ROYAL UNITED MORTGAGE LLC 3 7.25% $7,027
    UNITED WHOLESALE MORTGAGE, LLC 2 6.31% $5,015
    MORTGAGE CENTER L.C 2 6.50% $4,198
    Mr. Cooper ( Nationstar Mortgage ) 2 7.50% $4,047
    BROKER SOLUTIONS, INC. 2 7.00% $4,603
    MYCUMORTGAGE, LLC 2 6.50% $4,045
    Peoples State Bank 2 6.44% $2,035
    Honor Credit Union 2 6.63% $2,934
    COMMUNITY FINANCIAL CREDIT UNION 2 6.50% $3,574
    LOANDEPOT.COM, LLC 2 6.06% $7,858
    Royal Credit Union 1 6.38% $3,152
    The Huntington National Bank 1 6.25% $2,856
    UNION HOME MORTGAGE CORP. 1 7.50% $4,045
    University Bank 1 7.00% $4,686
    USAA Federal Savings Bank 1 6.13% $4,004
    VAN DYK MORTGAGE CORPORATION 1 8.13% $2,441
    ALLIANT CREDIT UNION 1 6.13% $3,182
    ZILLOW HOME LOANS, LLC 1 5.88% $2,466
    AUSTIN TELCO Federal Credit Union 1 6.50% $7,158
    Bank Five Nine 1 7.00% $2,720
    Bell Bank 1 6.38% $9,906
    CHURCHILL MORTGAGE CORPORATION 1 6.63% $5,186
    CORTRUST MORTGAGE, INC. 1 6.75% $3,884
    DFCU FINANCIAL 1 6.50% $3,465
    DOW CHEMICAL EMPLOYEES' 1 8.25% $3,827
    First Merchants Bank 1 6.63% $3,022
    GENISYS 1 7.13% $3,965
    GUARANTEED RATE, INC. 1 7.13% $5,462
    Independent Bank 1 6.88% $3,681
    LAKE MICHIGAN CREDIT UNION 1 5.75% $3,451
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.63% $6,291
    Nicolet National Bank 1 6.63% $2,441
    Paramount Bank 1 6.38% $1,896
    PENNYMAC LOAN SERVICES, LLC 1 8.00% $6,553
    PENTAGON FEDERAL CREDIT UNION 1 7.00% $3,072

    Houghton Average Closing Costs & Other Stats

    Houghton, MI's 43 lenders originated 465 loans during 2024. The total origination value was $85,855,000, with an average loan value of $184,634.

    Houghton's average closing costs are $3,498.

    The top Houghton lender as defined by loan originations is IncredibleBank, with 24 loans originated. Their average total fees are $2,892, which is $3,275 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Houghton lenders (with over 10 loans originated) are IncredibleBank ($2,892), QUICKEN LOANS, LLC ($6,167), .

    The lowest rate Houghton lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.71%), IncredibleBank (6.71%), .

    Houghton, 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
    Range Bank $16,045,000 $15,220,000 -5.1% 17.7%
    IncredibleBank $5,195,000 $9,665,000 86.0% 11.3%
    QUICKEN LOANS, LLC $6,505,000 $7,990,000 22.8% 9.3%
    NAVY FEDERAL CREDIT UNION $935,000 $2,130,000 127.8% 2.5%
    UNITED WHOLESALE MORTGAGE, LLC $1,630,000 $1,965,000 20.6% 2.3%
    U.S. Bank $190,000 $1,510,000 694.7% 1.8%
    Flagstar Bank, FSB $1,045,000 $1,465,000 40.2% 1.7%
    FREEDOM MORTGAGE CORPORATION $600,000 $1,420,000 136.7% 1.7%
    JPMorgan Chase Bank $1,225,000 $1,310,000 6.9% 1.5%
    Mortgage Research Center, LLC $2,430,000 $1,265,000 -47.9% 1.5%
    The Huntington National Bank $1,800,000 $1,225,000 -31.9% 1.4%
    Peoples State Bank $1,030,000 n/a 1.2%
    LOANDEPOT.COM, LLC $125,000 $970,000 676.0% 1.1%
    Wells Fargo Bank $760,000 $970,000 27.6% 1.1%
    GUARANTEED RATE, INC. $155,000 $890,000 474.2% 1.0%
    DOW CHEMICAL EMPLOYEES' $425,000 $795,000 87.1% 0.9%
    Paramount Residential Mortgage Group, Inc. $105,000 $750,000 614.3% 0.9%
    Mr. Cooper ( Nationstar Mortgage ) $670,000 n/a 0.8%
    MORTGAGE CENTER L.C $480,000 $650,000 35.4% 0.8%
    PENNYMAC LOAN SERVICES, LLC $65,000 $605,000 830.8% 0.7%
    PNC Bank $105,000 $575,000 447.6% 0.7%
    CoVantage Credit Union $685,000 $555,000 -19.0% 0.6%
    CMG MORTGAGE, INC. $230,000 $515,000 123.9% 0.6%
    Carrington Mortgage Services, LLC $95,000 $500,000 426.3% 0.6%
    MMS MORTGAGE SERVICES, LTD. $500,000 n/a 0.6%
    Honor Credit Union $655,000 $465,000 -29.0% 0.5%
    ROYAL UNITED MORTGAGE LLC $465,000 n/a 0.5%
    National Bank of Commerce $455,000 n/a 0.5%
    Macatawa Bank $435,000 n/a 0.5%
    UNION HOME MORTGAGE CORP. $215,000 $420,000 95.3% 0.5%
    COMMUNITY FINANCIAL CREDIT UNION $410,000 n/a 0.5%
    United Bank of Michigan $385,000 n/a 0.4%
    Independent Bank $345,000 n/a 0.4%
    BROKER SOLUTIONS, INC. $535,000 $330,000 -38.3% 0.4%
    AUSTIN TELCO Federal Credit Union $315,000 n/a 0.4%
    CROSSCOUNTRY MORTGAGE, LLC $95,000 $310,000 226.3% 0.4%
    Bell Bank $305,000 n/a 0.4%
    CHURCHILL MORTGAGE CORPORATION $195,000 $290,000 48.7% 0.3%
    University Bank $290,000 n/a 0.3%
    LAKE MICHIGAN CREDIT UNION $840,000 $280,000 -66.7% 0.3%
    Nicolet National Bank $275,000 $280,000 1.8% 0.3%
    USAA Federal Savings Bank $610,000 $270,000 -55.7% 0.3%
    PLANET HOME LENDING, LLC $255,000 n/a 0.3%
    MYCUMORTGAGE, LLC $250,000 n/a 0.3%
    Bethpage Federal Credit Union $245,000 n/a 0.3%
    ALLIANT CREDIT UNION $235,000 n/a 0.3%
    MID AMERICA MORTGAGE, INC. $235,000 n/a 0.3%
    Frankenmuth Credit Union $205,000 n/a 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $260,000 $205,000 -21.2% 0.2%
    GENISYS $195,000 n/a 0.2%
    AMERISAVE MORTGAGE CORPORATION $660,000 $190,000 -71.2% 0.2%
    Bank Five Nine $185,000 n/a 0.2%
    Fifth Third Bank $185,000 n/a 0.2%
    NEWREZ LLC $170,000 $185,000 8.8% 0.2%
    LIMA ONE CAPITAL, LLC $105,000 $175,000 66.7% 0.2%
    VILLAGE CAPITAL MORTGAGE $175,000 n/a 0.2%
    CORTRUST MORTGAGE, INC. $155,000 n/a 0.2%
    VAN DYK MORTGAGE CORPORATION $155,000 n/a 0.2%
    ZILLOW HOME LOANS, LLC $180,000 $155,000 -13.9% 0.2%
    Figure Lending LLC $50,000 $150,000 200.0% 0.2%
    HOMESITE MORTGAGE, LLC $145,000 n/a 0.2%
    Adventure Credit Union $135,000 n/a 0.2%
    MORTGAGE 1 INCORPORATED $135,000 n/a 0.2%
    WINGS FINANCIAL $130,000 n/a 0.2%
    First Merchants Bank $125,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $125,000 n/a 0.1%
    Royal Credit Union $125,000 n/a 0.1%
    AMERICAN FINANCING CORPORATION $55,000 $115,000 109.1% 0.1%
    Citizens Bank $265,000 $105,000 -60.4% 0.1%
    DFCU FINANCIAL $105,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $85,000 n/a 0.1%
    Paramount Bank $85,000 n/a 0.1%
    Coastal Community Bank $80,000 n/a 0.1%
    Equity Prime Mortgage LLC $75,000 n/a 0.1%
    GreenStone Farm Credit Services, FLCA $1,160,000 $75,000 -93.5% 0.1%
    BMO Harris Bank $55,000 n/a 0.1%
    CREDIT UNION ONE $45,000 $55,000 22.2% 0.1%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $165,000 $55,000 -66.7% 0.1%
    Discover Bank $185,000 $35,000 -81.1% 0.0%
    The Stephenson National Bank and Trust $35,000 n/a 0.0%

    Houghton's top lender by overall market share is Range Bank, with 17.7% market share. In second place, with 11.3%, is IncredibleBank, having originated $9,665,000 in loans. In third place, with 9.3%, is QUICKEN LOANS, LLC, having originated $7,990,000 in loans. In fourth place, with 2.5%, is NAVY FEDERAL CREDIT UNION, having originated $2,130,000 in loans. In fifth place, with 2.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $1,965,000 in loans.

    Houghton Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Houghton (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 $119,975 (7.6%) $188,822 (17.7%) 0.00 174
    2018-02-01 $124,375 (12.4%) $191,157 (20.2%) 0.00 170
    2018-03-01 $142,450 (19.0%) $205,596 (30.3%) 0.00 170
    2018-04-01 $152,675 (13.2%) $224,633 (28.8%) 0.00 165
    2018-05-01 $153,450 (-3.2%) $223,789 (12.8%) 0.00 183
    2018-06-01 $155,000 (8.5%) $214,782 (8.0%) 0.00 247
    2018-07-01 $153,950 (10.0%) $207,572 (4.1%) 0.00 260
    2018-08-01 $147,500 (6.1%) $203,458 (1.8%) 0.00 264
    2018-09-01 $134,950 (3.9%) $191,065 (-0.4%) 0.00 253
    2018-10-01 $134,900 (-0.8%) $189,905 (-2.9%) 0.00 228
    2018-11-01 $137,975 (-0.9%) $197,870 (-1.6%) 0.00 195
    2018-12-01 $140,950 (10.6%) $199,707 (3.7%) 0.00 167
    2019-01-01 $131,250 (9.4%) $198,650 (5.2%) 0.00 136
    2019-02-01 $130,750 (5.1%) $203,706 (6.6%) 0.00 127
    2019-03-01 $152,043 (6.7%) $223,317 (8.6%) 0.00 124
    2019-04-01 $172,400 (12.9%) $231,191 (2.9%) 0.00 127
    2019-05-01 $163,175 (6.3%) $230,798 (3.1%) 0.00 172
    2019-06-01 $179,000 (15.5%) $227,164 (5.8%) 0.00 214
    2019-07-01 $165,075 (7.2%) $212,059 (2.2%) 0.00 241
    2019-08-01 $156,600 (6.2%) $205,089 (0.8%) 0.00 243
    2019-09-01 $152,325 (12.9%) $199,341 (4.3%) 0.00 241
    2019-10-01 $146,950 (8.9%) $193,118 (1.7%) 0.00 238
    2019-11-01 $139,000 (0.7%) $186,822 (-5.6%) 0.00 207
    2019-12-01 $145,075 (2.9%) $194,571 (-2.6%) 0.00 183
    2020-01-01 $148,850 (13.4%) $193,952 (-2.4%) 0.00 143
    2020-02-01 $153,750 (17.6%) $202,187 (-0.8%) 0.00 126
    2020-03-01 $182,000 (19.7%) $224,898 (0.7%) 0.00 121
    2020-04-01 $170,000 (-1.4%) $220,045 (-4.8%) 0.00 126
    2020-05-01 $167,500 (2.7%) $224,321 (-2.8%) 0.00 131
    2020-06-01 $167,125 (-6.6%) $222,174 (-2.2%) 0.00 143
    2020-07-01 $164,950 (-0.1%) $226,070 (6.6%) 0.00 150
    2020-08-01 $167,450 (6.9%) $224,539 (9.5%) 0.00 142
    2020-09-01 $169,000 (11.0%) $236,115 (18.5%) 0.00 119
    2020-10-01 $139,900 (-4.8%) $237,845 (23.2%) 0.00 91
    2020-11-01 $139,000 (0.0%) $248,014 (32.8%) 0.00 75
    2020-12-01 $149,450 (3.0%) $265,830 (36.6%) 0.00 55
    2021-01-01 $137,450 (-7.7%) $256,662 (32.3%) 0.00 46
    2021-02-01 $144,450 (-6.1%) $290,803 (43.8%) 0.00 41
    2021-03-01 $173,850 (-4.5%) $318,458 (41.6%) 0.00 37
    2021-04-01 $164,525 (-3.2%) $309,376 (40.6%) 0.00 44
    2021-05-01 $171,610 (2.5%) $308,710 (37.6%) 0.00 51
    2021-06-01 $163,625 (-2.1%) $273,068 (22.9%) 0.00 78
    2021-07-01 $180,000 (9.1%) $272,200 (20.4%) 0.00 82
    2021-08-01 $163,450 (-2.4%) $253,031 (12.7%) 0.00 76
    2021-09-01 $147,475 (-12.7%) $237,190 (0.5%) 0.00 68
    2021-10-01 $157,000 (12.2%) $229,631 (-3.5%) 0.00 67
    2021-11-01 $150,000 (7.9%) $285,025 (14.9%) 0.00 54
    2021-12-01 $151,000 (1.0%) $292,740 (10.1%) 0.00 53
    2022-01-01 $145,000 (5.5%) $322,601 (25.7%) 0.00 36
    2022-02-01 $182,450 (26.3%) $463,878 (59.5%) 0.00 18
    2022-03-01 $244,700 (40.8%) $586,496 (84.2%) 0.00 15
    2022-04-01 $232,250 (41.2%) $447,871 (44.8%) 0.00 17
    2022-05-01 $186,175 (8.5%) $410,839 (33.1%) 0.00 23
    2022-06-01 $214,500 (31.1%) $379,879 (39.1%) 0.00 37
    2022-07-01 $247,450 (37.5%) $373,611 (37.3%) 0.00 51
    2022-08-01 $252,400 (54.4%) $357,228 (41.2%) 0.00 57
    2022-09-01 $195,950 (32.9%) $316,628 (33.5%) 0.00 59
    2022-10-01 $177,000 (12.7%) $316,663 (37.9%) 0.00 57
    2022-11-01 $195,500 (30.3%) $329,969 (15.8%) 0.00 49
    2022-12-01 $259,900 (72.1%) $353,161 (20.6%) 0.00 34
    2023-01-01 $242,500 (67.2%) $380,482 (17.9%) 0.00 29
    2023-02-01 $261,250 (43.2%) $302,172 (-34.9%) 0.00 28
    2023-03-01 $263,750 (7.8%) $338,405 (-42.3%) 0.00 32
    2023-04-01 $214,000 (-7.9%) $348,094 (-22.3%) 0.00 35
    2023-05-01 $162,350 (-12.8%) $318,977 (-22.4%) 0.00 38
    2023-06-01 $164,700 (-23.2%) $297,449 (-21.7%) 0.00 48
    2023-07-01 $239,000 (-3.4%) $360,267 (-3.6%) 0.00 54
    2023-08-01 $244,000 (-3.3%) $352,768 (-1.3%) 0.00 65
    2023-09-01 $229,000 (16.9%) $340,048 (7.4%) 0.00 60
    2023-10-01 $204,500 (15.5%) $322,731 (1.9%) 0.00 58
    2023-11-01 $190,125 (-2.8%) $290,733 (-11.9%) 0.00 58
    2023-12-01 $178,000 (-31.5%) $237,303 (-32.8%) 0.00 56
    2024-01-01 $167,250 (-31.0%) $225,335 (-40.8%) 0.00 46
    2024-02-01 $167,000 (-36.1%) $236,219 (-21.8%) 0.00 41
    2024-03-01 $169,900 (-35.6%) $234,152 (-30.8%) 0.00 45
    2024-04-01 $186,675 (-12.8%) $252,923 (-27.3%) 0.00 38
    2024-05-01 $239,700 (47.6%) $323,514 (1.4%) 0.00 46
    2024-06-01 $263,950 (60.3%) $334,466 (12.4%) 0.00 62
    2024-07-01 $279,750 (17.1%) $355,250 (-1.4%) 0.00 86
    2024-08-01 $274,900 (12.7%) $347,147 (-1.6%) 0.00 91
    2024-09-01 $232,000 (1.3%) $322,075 (-5.3%) 0.00 97
    2024-10-01 $223,650 (9.4%) $309,461 (-4.1%) 0.00 98
    2024-11-01 $219,900 (15.7%) $295,461 (1.6%) 0.00 76
    2024-12-01 $232,125 (30.4%) $313,066 (31.9%) 0.00 67
    2025-01-01 $237,250 (41.9%) $320,863 (42.4%) 0.00 53
    2025-02-01 $273,450 (63.7%) $345,633 (46.3%) 0.00 47
    2025-03-01 $285,000 (67.8%) $358,485 (53.1%) 0.00 48
    2025-04-01 $345,875 (85.3%) $401,202 (58.6%) 0.00 47
    2025-05-01 $329,900 (37.6%) $402,806 (24.5%) 0.00 65
    Houghton's median listing price for 2025-05-01 was $329,900, a difference of $90,200 (37.6%) versus the prior year and $-15,975 versus the prior month.

    Houghton's median listing price comes in at 0% of the national average.

    Houghton's average listing price for 2025-05-01 was $402,806, a difference of $79,292 (24.5%) versus the prior year and $1,604 versus the prior month.

    For the 2025-05-01 period, Houghton had 65 MLS listings, a difference of 18 listings (38%) versus the prior month and 19 listings (41%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Houghton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,576 sqft
    2018-02-01 0 days 1,573 sqft
    2018-03-01 0 days 1,576 sqft
    2018-04-01 0 days 1,592 sqft
    2018-05-01 0 days 1,569 sqft
    2018-06-01 0 days 1,595 sqft
    2018-07-01 0 days 1,593 sqft
    2018-08-01 0 days 1,580 sqft
    2018-09-01 0 days 1,556 sqft
    2018-10-01 0 days 1,553 sqft
    2018-11-01 0 days 1,540 sqft
    2018-12-01 0 days 1,572 sqft
    2019-01-01 0 days 1,558 sqft
    2019-02-01 0 days 1,578 sqft
    2019-03-01 0 days 1,653 sqft
    2019-04-01 0 days 1,704 sqft
    2019-05-01 0 days 1,693 sqft
    2019-06-01 0 days 1,698 sqft
    2019-07-01 0 days 1,658 sqft
    2019-08-01 0 days 1,665 sqft
    2019-09-01 0 days 1,654 sqft
    2019-10-01 0 days 1,643 sqft
    2019-11-01 0 days 1,649 sqft
    2019-12-01 0 days 1,625 sqft
    2020-01-01 0 days 1,606 sqft
    2020-02-01 0 days 1,588 sqft
    2020-03-01 0 days 1,604 sqft
    2020-04-01 0 days 1,588 sqft
    2020-05-01 0 days 1,672 sqft
    2020-06-01 0 days 1,626 sqft
    2020-07-01 0 days 1,709 sqft
    2020-08-01 0 days 1,672 sqft
    2020-09-01 0 days 1,731 sqft
    2020-10-01 0 days 1,588 sqft
    2020-11-01 0 days 1,537 sqft
    2020-12-01 0 days 1,588 sqft
    2021-01-01 0 days 1,536 sqft
    2021-02-01 0 days 1,575 sqft
    2021-03-01 0 days 1,770 sqft
    2021-04-01 0 days 1,885 sqft
    2021-05-01 0 days 1,868 sqft
    2021-06-01 0 days 1,732 sqft
    2021-07-01 0 days 1,855 sqft
    2021-08-01 0 days 1,818 sqft
    2021-09-01 0 days 1,846 sqft
    2021-10-01 0 days 1,829 sqft
    2021-11-01 0 days 1,827 sqft
    2021-12-01 0 days 1,773 sqft
    2022-01-01 0 days 1,583 sqft
    2022-02-01 0 days 1,468 sqft
    2022-03-01 0 days 1,680 sqft
    2022-04-01 0 days 1,824 sqft
    2022-05-01 0 days 1,628 sqft
    2022-06-01 0 days 1,762 sqft
    2022-07-01 0 days 1,584 sqft
    2022-08-01 0 days 1,737 sqft
    2022-09-01 0 days 1,649 sqft
    2022-10-01 0 days 1,556 sqft
    2022-11-01 0 days 1,624 sqft
    2022-12-01 0 days 1,656 sqft
    2023-01-01 0 days 1,637 sqft
    2023-02-01 0 days 1,653 sqft
    2023-03-01 0 days 1,926 sqft
    2023-04-01 0 days 1,840 sqft
    2023-05-01 0 days 1,702 sqft
    2023-06-01 0 days 1,653 sqft
    2023-07-01 0 days 1,613 sqft
    2023-08-01 0 days 1,438 sqft
    2023-09-01 0 days 1,381 sqft
    2023-10-01 0 days 1,410 sqft
    2023-11-01 0 days 1,379 sqft
    2023-12-01 0 days 1,380 sqft
    2024-01-01 0 days 1,502 sqft
    2024-02-01 0 days 1,446 sqft
    2024-03-01 0 days 1,451 sqft
    2024-04-01 0 days 1,825 sqft
    2024-05-01 0 days 1,878 sqft
    2024-06-01 0 days 1,844 sqft
    2024-07-01 0 days 1,877 sqft
    2024-08-01 0 days 1,880 sqft
    2024-09-01 0 days 1,773 sqft
    2024-10-01 0 days 1,729 sqft
    2024-11-01 0 days 1,673 sqft
    2024-12-01 0 days 1,706 sqft
    2025-01-01 0 days 1,737 sqft
    2025-02-01 0 days 1,794 sqft
    2025-03-01 0 days 1,795 sqft
    2025-04-01 0 days 2,059 sqft
    2025-05-01 0 days 1,994 sqft
    Houghton's median listing age (time on market) for 2025-05-01 was 0 days.

    Houghton's median square footage for active listings during the 2025-05-01 period was 1,994 sqft. One year prior, the average listing was 1,878 sqft.

    Houghton, MI Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 281 $59,255,000 $210,872
    Cash Out Refi 59 $9,305,000 $157,712
    Other 50 $3,690,000 $73,800
    Refi 49 $9,775,000 $199,490
    Home Improvement 26 $3,830,000 $147,308

    Houghton's most frequently cited loan purpose was Home Purchase, with 281 originations. The 2nd most popular reason was Cash Out Refi, with 59 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 157 $30,605,000 $194,936
    Over 8% 95 $12,775,000 $134,474
    7-8% 83 $16,605,000 $200,060
    5-6% 44 $9,780,000 $222,273
    <2.5% 1 $15,000 $15,000

    During 2024, Houghton's most frequently originated rate bucket was 6-7%, with 157 originations.

    Loan Sizing (Houghton, MI MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 175 $25,805,000 $147,457
    $100,000 or less 148 $9,470,000 $63,986
    $200k-400k 103 $28,725,000 $278,883
    $400k-600k 25 $12,135,000 $485,400
    $600k-1000k 14 $9,720,000 $694,286

    Houghton's loan sizing saw the bucket of loans from $100k-200k with 175 originations, totaling $25,805,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 158 $29,800,000 $188,608
    60-80% 110 $25,740,000 $234,000
    20-40% 42 $3,750,000 $89,286
    40-60% 41 $7,515,000 $183,293
    Under 20% 21 $805,000 $38,333
    Over 100% 3 $1,095,000 $365,000

    Houghton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 158 originations, totaling $29,800,000 in origination value.