KALAMAZOO - PORTAGE Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Kalamazoo - Portage averaged
6.66%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.69% and
one month ago for the week of 2025-05-15, the
average rate was 7.06%.
Kalamazoo - Portage's average rate one year ago was 7.1%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.72%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Kalamazoo - Portage 30 Year Fixed Rate | 2025-06-18 | 6.66% |
| Kalamazoo - Portage 30 Year Fixed Rate Refi | 2025-06-18 | 6.72% |
| Kalamazoo - Portage 15 Year Fixed Rate | 2025-06-18 | 6.82% |
| Kalamazoo - Portage 15 Year Fixed Rate Refi | 2025-06-18 | 6.46% |
| Kalamazoo - Portage 30 Year FHA | 2025-06-18 | 0.15% |
| Kalamazoo - Portage 30 Year FHA Refi | 2025-06-18 | -0.2% |
| Kalamazoo - Portage 30 Year USDA | 2025-06-18 | 0.2% |
| Kalamazoo - Portage 30 Year USDA Refi | 2025-06-18 | 0% |
| Kalamazoo - Portage 30 Year VA | 2025-06-18 | 0.17% |
| Kalamazoo - Portage 30 Year VA Refi | 2025-06-18 | -0.32% |
KALAMAZOO - PORTAGE 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 KALAMAZOO-PORTAGE, 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.).
KALAMAZOO - PORTAGE Average Closing Costs & Other Stats
KALAMAZOO-PORTAGE, MI's 152 lenders originated 5,757
loans during 2024. The total origination value was $1,204,205,000, with an average loan value of
$209,172.
KALAMAZOO - PORTAGE's average closing costs are $4,027.
The top KALAMAZOO - PORTAGE lender as defined by loan originations is CONSUMERS, with
364 loans originated. Their average total fees are
$3,529, which is $110
higher than the next largest lender,
LAKE MICHIGAN CREDIT UNION.
The lowest fee KALAMAZOO - PORTAGE lenders (with over 10 loans originated) are
Kellogg Community Credit Union ($2,895), Honor Credit Union ($3,151), JPMorgan Chase Bank ($3,239), Fifth Third Bank ($3,269) and RUOFF MORTGAGE COMPANY, INC. ($3,285).
The lowest rate KALAMAZOO - PORTAGE lenders (with over 10 loans originated) are
MORTGAGE CENTER L.C (6.39%), LAKE MICHIGAN CREDIT UNION (6.51%), PNC Bank (6.52%), Old National Bank (6.52%) and Honor Credit Union (6.60%).
KALAMAZOO-PORTAGE, 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 |
|---|---|---|---|---|
| CONSUMERS | $120,495,000 | $162,245,000 | 34.6% | 13.5% |
| LAKE MICHIGAN CREDIT UNION | $103,605,000 | $118,225,000 | 14.1% | 9.8% |
| QUICKEN LOANS, LLC | $48,895,000 | $70,025,000 | 43.2% | 5.8% |
| Old National Bank | $9,220,000 | $62,045,000 | 572.9% | 5.2% |
| ARBOR FINANCIAL CREDIT UNION | $54,910,000 | $59,685,000 | 8.7% | 5.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $37,415,000 | $51,395,000 | 37.4% | 4.3% |
| KeyBank | $275,000 | $42,955,000 | 15,520.0% | 3.6% |
| ADVIA | $31,325,000 | $42,850,000 | 36.8% | 3.6% |
| Fifth Third Bank | $31,020,000 | $32,950,000 | 6.2% | 2.7% |
| The Huntington National Bank | $21,035,000 | $26,180,000 | 24.5% | 2.2% |
| ORIX REAL ESTATE CAPITAL, LLC | $9,995,000 | $24,625,000 | 146.4% | 2.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $16,790,000 | $22,695,000 | 35.2% | 1.9% |
| MORTGAGE CENTER L.C | $17,470,000 | $19,765,000 | 13.1% | 1.6% |
| Horizon Bank | $30,420,000 | $18,125,000 | -40.4% | 1.5% |
| Mercantile Bank of Michigan | $12,295,000 | $17,620,000 | 43.3% | 1.5% |
| Mortgage Research Center, LLC | $13,820,000 | $16,680,000 | 20.7% | 1.4% |
| Honor Credit Union | $20,895,000 | $15,655,000 | -25.1% | 1.3% |
| UNION HOME MORTGAGE CORP. | $8,005,000 | $15,580,000 | 94.6% | 1.3% |
| PNC Bank | $21,250,000 | $15,270,000 | -28.1% | 1.3% |
| Flagstar Bank, FSB | $6,160,000 | $14,470,000 | 134.9% | 1.2% |
| GVC MORTGAGE, INC. | $12,900,000 | $14,445,000 | 12.0% | 1.2% |
| Kellogg Community Credit Union | $11,140,000 | $12,230,000 | 9.8% | 1.0% |
| SUMMIT HOME MORTGAGE, LLC | $8,490,000 | $11,005,000 | 29.6% | 0.9% |
| OAK MORTGAGE, LLC | $15,035,000 | $10,005,000 | -33.5% | 0.8% |
| JPMorgan Chase Bank | $9,935,000 | $9,900,000 | -0.4% | 0.8% |
| Independent Bank | $7,635,000 | $9,365,000 | 22.7% | 0.8% |
| 21ST MORTGAGE CORPORATION | $6,980,000 | $8,460,000 | 21.2% | 0.7% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $11,385,000 | $8,400,000 | -26.2% | 0.7% |
| CONTOUR MORTGAGE CORPORATION | $7,015,000 | $7,840,000 | 11.8% | 0.7% |
| GUARANTEED RATE, INC. | $7,955,000 | $7,650,000 | -3.8% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $3,895,000 | $7,595,000 | 95.0% | 0.6% |
| RUOFF MORTGAGE COMPANY, INC. | $4,850,000 | $7,505,000 | 54.7% | 0.6% |
| KALSEE CREDIT UNION | $5,315,000 | $7,155,000 | 34.6% | 0.6% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,095,000 | $5,970,000 | 445.2% | 0.5% |
| Wintrust Bank, N.A. | $2,455,000 | $5,660,000 | 130.5% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $3,180,000 | $5,390,000 | 69.5% | 0.4% |
| Sturgis Bank & Trust Company | $3,715,000 | $5,185,000 | 39.6% | 0.4% |
| 1st Source Bank | $4,840,000 | $5,060,000 | 4.5% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $3,005,000 | $4,950,000 | 64.7% | 0.4% |
| NEWREZ LLC | $2,075,000 | $4,935,000 | 137.8% | 0.4% |
| First National Bank of Michigan | $1,970,000 | $4,855,000 | 146.4% | 0.4% |
| RF Renovo Management Company, LLC | $2,995,000 | $4,630,000 | 54.6% | 0.4% |
| Macatawa Bank | $1,225,000 | $4,535,000 | 270.2% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,425,000 | $4,490,000 | 31.1% | 0.4% |
| LENDINGHOME FUNDING CORPORATION | $1,850,000 | $4,475,000 | 141.9% | 0.4% |
| OMNI Community Credit Union | $3,315,000 | $4,295,000 | 29.6% | 0.4% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $5,455,000 | $4,240,000 | -22.3% | 0.4% |
| Prosperity Home Mortgage, LLC | $2,895,000 | $4,125,000 | 42.5% | 0.3% |
| LOANDEPOT.COM, LLC | $3,620,000 | $3,895,000 | 7.6% | 0.3% |
| BROKER SOLUTIONS, INC. | $2,265,000 | $3,640,000 | 60.7% | 0.3% |
| MORTGAGE 1 INCORPORATED | $1,865,000 | $3,640,000 | 95.2% | 0.3% |
| Comerica Bank | $3,100,000 | $3,595,000 | 16.0% | 0.3% |
| CHURCHILL MORTGAGE CORPORATION | $1,020,000 | $3,170,000 | 210.8% | 0.3% |
| USAA Federal Savings Bank | $3,005,000 | $3,120,000 | 3.8% | 0.3% |
| MARSHALL COMMUNITY CREDIT UNION | $3,340,000 | $3,045,000 | -8.8% | 0.3% |
| Bank of America | $2,975,000 | $3,015,000 | 1.3% | 0.3% |
| GreenStone Farm Credit Services, FLCA | $1,565,000 | $3,005,000 | 92.0% | 0.2% |
| Carrington Mortgage Services, LLC | $2,585,000 | $2,960,000 | 14.5% | 0.2% |
| The Loan Store, Inc. | $545,000 | $2,775,000 | 409.2% | 0.2% |
| BERKELEY POINT CAPITAL LLC | $2,505,000 | n/a | 0.2% | |
| CROSSCOUNTRY MORTGAGE, LLC | $3,730,000 | $2,420,000 | -35.1% | 0.2% |
| Southern Michigan Bank & Trust | $400,000 | $2,360,000 | 490.0% | 0.2% |
| Wells Fargo Bank | $2,400,000 | $2,350,000 | -2.1% | 0.2% |
| Northpointe Bank | $9,460,000 | $2,265,000 | -76.1% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $490,000 | $2,260,000 | 361.2% | 0.2% |
| U.S. Bank | $3,605,000 | $2,240,000 | -37.9% | 0.2% |
| GUILD MORTGAGE COMPANY | $970,000 | $2,220,000 | 128.9% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,925,000 | $2,160,000 | 12.2% | 0.2% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,085,000 | $2,045,000 | 88.5% | 0.2% |
| Discover Bank | $1,490,000 | $1,955,000 | 31.2% | 0.2% |
| MICHIGAN MUTUAL, INC. | $5,355,000 | $1,950,000 | -63.6% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $1,090,000 | $1,920,000 | 76.1% | 0.2% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $3,720,000 | $1,905,000 | -48.8% | 0.2% |
| FIRST COLONY MORTGAGE CORPORATION | $570,000 | $1,875,000 | 228.9% | 0.2% |
| MEMBER FIRST MORTGAGE, LLC | $835,000 | $1,835,000 | 119.8% | 0.2% |
| County National Bank | $1,635,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $1,565,000 | $1,575,000 | 0.6% | 0.1% |
| CARDINAL FINANCIAL | $805,000 | $1,565,000 | 94.4% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $370,000 | $1,505,000 | 306.8% | 0.1% |
| Figure Lending LLC | $985,000 | $1,490,000 | 51.3% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $1,435,000 | $1,490,000 | 3.8% | 0.1% |
| ZILLOW HOME LOANS, LLC | $840,000 | $1,480,000 | 76.2% | 0.1% |
| PLANET HOME LENDING, LLC | $900,000 | $1,460,000 | 62.2% | 0.1% |
| Raymond James Bank | $1,460,000 | n/a | 0.1% | |
| VAN DYK MORTGAGE CORPORATION | $2,670,000 | $1,390,000 | -47.9% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,340,000 | n/a | 0.1% | |
| Pacor Mortgage Corp | $5,785,000 | $1,335,000 | -76.9% | 0.1% |
| GARDNER FINANCIAL SERVICES, LTD. | $1,305,000 | n/a | 0.1% | |
| UNITED | $2,270,000 | $1,295,000 | -43.0% | 0.1% |
| Citizens Bank | $2,395,000 | $1,270,000 | -47.0% | 0.1% |
| The Dart Bank | $2,215,000 | $1,260,000 | -43.1% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $3,565,000 | $1,215,000 | -65.9% | 0.1% |
| ROSS MORTGAGE CORPORATION | $265,000 | $1,200,000 | 352.8% | 0.1% |
| BETTER MORTGAGE CORPORATION | $1,180,000 | n/a | 0.1% | |
| NORTHERN MORTGAGE SERVICES, LLC | $1,355,000 | $1,165,000 | -14.0% | 0.1% |
| MICHIGAN FIRST CREDIT UNION | $935,000 | $1,145,000 | 22.5% | 0.1% |
| PREMIA MORTGAGE, LLC | $480,000 | $1,135,000 | 136.5% | 0.1% |
| First National Bank of America | $345,000 | $1,110,000 | 221.7% | 0.1% |
| STAUNTON FINANCIAL, INC. | $520,000 | $1,110,000 | 113.5% | 0.1% |
| Crossroads Bank | $1,085,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $660,000 | $1,050,000 | 59.1% | 0.1% |
| BAY EQUITY LLC | $145,000 | $1,015,000 | 600.0% | 0.1% |
| Union Bank | $75,000 | $1,005,000 | 1,240.0% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $520,000 | $945,000 | 81.7% | 0.1% |
| Equity Prime Mortgage LLC | $535,000 | $885,000 | 65.4% | 0.1% |
| ChoiceOne Bank | $670,000 | $845,000 | 26.1% | 0.1% |
| Ally Bank | $345,000 | $830,000 | 140.6% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $445,000 | $820,000 | 84.3% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,555,000 | $815,000 | -47.6% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $810,000 | $810,000 | 0.0% | 0.1% |
| TOWNE MORTGAGE COMPANY | $805,000 | n/a | 0.1% | |
| Morgan Stanley Private Bank | $795,000 | n/a | 0.1% | |
| DAS Acquisition Company, LLC | $770,000 | n/a | 0.1% | |
| Texana Bank | $745,000 | n/a | 0.1% | |
| CMG MORTGAGE, INC. | $215,000 | $735,000 | 241.9% | 0.1% |
| Nicolet National Bank | $735,000 | n/a | 0.1% | |
| INSPIRE HOME LOANS INC. | $1,410,000 | $725,000 | -48.6% | 0.1% |
| FIRST STATE BANK | $885,000 | $720,000 | -18.6% | 0.1% |
| Notre Dame Federal Credit Union Corporation | $180,000 | $715,000 | 297.2% | 0.1% |
| NEW DAY FINANCIAL, LLC | $615,000 | $700,000 | 13.8% | 0.1% |
| UIF CORPORATION | $500,000 | $690,000 | 38.0% | 0.1% |
| The Federal Savings Bank | $315,000 | $680,000 | 115.9% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $305,000 | $675,000 | 121.3% | 0.1% |
| Baxter Credit Union | $275,000 | $640,000 | 132.7% | 0.1% |
| Plains Commerce Bank | $535,000 | $625,000 | 16.8% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $625,000 | n/a | 0.1% | |
| NBKC BANK | $1,210,000 | $620,000 | -48.8% | 0.1% |
| University Bank | $105,000 | $615,000 | 485.7% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $590,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $195,000 | $565,000 | 189.7% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $555,000 | n/a | 0.0% | |
| Civista Bank | $555,000 | n/a | 0.0% | |
| MORTGAGE ACCESS CORP. | $265,000 | $545,000 | 105.7% | 0.0% |
| DFCU FINANCIAL | $420,000 | $540,000 | 28.6% | 0.0% |
| Highpoint Community Bank | $1,760,000 | $535,000 | -69.6% | 0.0% |
| CLEARPATH LENDING | $530,000 | n/a | 0.0% | |
| American Mortgage & Equity Consultants, Inc. | $525,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $485,000 | $515,000 | 6.2% | 0.0% |
| BLG HOLDINGS, INC. | $1,005,000 | $480,000 | -52.2% | 0.0% |
| PREFERRED CREDIT UNION | $45,000 | $470,000 | 944.4% | 0.0% |
| First State Bank | $450,000 | n/a | 0.0% | |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $440,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $985,000 | $440,000 | -55.3% | 0.0% |
| Public Service Credit Union | $430,000 | n/a | 0.0% | |
| STOCKTON MORTGAGE CORPORATION | $420,000 | n/a | 0.0% | |
| OCMBC, INC. | $405,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $960,000 | $405,000 | -57.8% | 0.0% |
| Stifel Bank and Trust | $1,935,000 | $405,000 | -79.1% | 0.0% |
| HALLMARK HOME MORTGAGE, LLC | $400,000 | n/a | 0.0% | |
| Magnolia Bank | $365,000 | $385,000 | 5.5% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $390,000 | $380,000 | -2.6% | 0.0% |
| TRISTAR FINANCE, INC. | $380,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $55,000 | $375,000 | 581.8% | 0.0% |
| S1L, Inc. | $375,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $235,000 | $370,000 | 57.4% | 0.0% |
| LENDSURE MORTGAGE CORP. | $370,000 | n/a | 0.0% | |
| Coastal Community Bank | $620,000 | $365,000 | -41.1% | 0.0% |
| Capital Bank | $355,000 | n/a | 0.0% | |
| Community West Credit Union | $330,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $330,000 | n/a | 0.0% | |
| UNIVERSITY OF MICHIGAN CREDIT UNION | $325,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $320,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $315,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $315,000 | n/a | 0.0% | |
| BMO Harris Bank | $305,000 | n/a | 0.0% | |
| COMPASS MORTGAGE, INC. | $295,000 | $305,000 | 3.4% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $240,000 | $305,000 | 27.1% | 0.0% |
| SPRING EQ, LLC | $305,000 | n/a | 0.0% | |
| PFCU | $295,000 | n/a | 0.0% | |
| MILEND, INC. | $410,000 | $285,000 | -30.5% | 0.0% |
| Regions Bank | $1,080,000 | $285,000 | -73.6% | 0.0% |
| LOANPAL, LLC | $280,000 | n/a | 0.0% | |
| CONSTRUCTIVE LOANS, LLC | $255,000 | $275,000 | 7.8% | 0.0% |
| PLUS RELOCATION MORTGAGE, LLC | $275,000 | n/a | 0.0% | |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $265,000 | n/a | 0.0% | |
| First Bank | $265,000 | n/a | 0.0% | |
| Homestead Savings Bank | $265,000 | n/a | 0.0% | |
| Willamette Valley Bank | $265,000 | n/a | 0.0% | |
| Commercial Bank | $215,000 | $255,000 | 18.6% | 0.0% |
| First Merchants Bank | $1,725,000 | $255,000 | -85.2% | 0.0% |
| HOMESTEAD FUNDING CORP. | $255,000 | n/a | 0.0% | |
| LAFCU | $265,000 | $250,000 | -5.7% | 0.0% |
| Bank of Ann Arbor | $245,000 | n/a | 0.0% | |
| BM Real Estate Services, Inc. | $255,000 | $240,000 | -5.9% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $235,000 | n/a | 0.0% | |
| COMMUNITY MORTGAGE FUNDING, LLC | $235,000 | n/a | 0.0% | |
| Credence Funding Corporation | $235,000 | n/a | 0.0% | |
| UNITED MORTGAGE CORP | $235,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $225,000 | n/a | 0.0% | |
| Lake Huron Credit Union | $215,000 | $225,000 | 4.7% | 0.0% |
| Lakeview Community Capital, LLC | $225,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $400,000 | $225,000 | -43.8% | 0.0% |
| M&T Bank | $290,000 | $225,000 | -22.4% | 0.0% |
| CORNERSTONE COMMUNITY FINANCIAL | $215,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $285,000 | $215,000 | -24.6% | 0.0% |
| SUMMIT FUNDING, INC. | $215,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $200,000 | n/a | 0.0% | |
| Circle Federal Credit Union | $195,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $195,000 | n/a | 0.0% | |
| TEACHERS CREDIT UNION | $315,000 | $195,000 | -38.1% | 0.0% |
| A&D Mortgage LLC | $190,000 | n/a | 0.0% | |
| United Bay Community Credit Union | $720,000 | $190,000 | -73.6% | 0.0% |
| Washington Trust Bank | $190,000 | n/a | 0.0% | |
| CASE | $185,000 | n/a | 0.0% | |
| GUIDANCE RESIDENTIAL, LLC | $815,000 | $185,000 | -77.3% | 0.0% |
| AMERITRUST MORTGAGE CORPORATION | $175,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $280,000 | $175,000 | -37.5% | 0.0% |
| GENISYS | $210,000 | $175,000 | -16.7% | 0.0% |
| Preston Home Loans Inc | $435,000 | $175,000 | -59.8% | 0.0% |
| Simmons Bank | $585,000 | $175,000 | -70.1% | 0.0% |
| AMERICAN FINANCING CORPORATION | $165,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $165,000 | n/a | 0.0% | |
| THE MORTGAGE LINK, INC. | $285,000 | $165,000 | -42.1% | 0.0% |
| UNITED HOME LOANS, INC. | $165,000 | n/a | 0.0% | |
| Frankenmuth Credit Union | $165,000 | $155,000 | -6.1% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $155,000 | n/a | 0.0% | |
| CP Financial Credit Union | $145,000 | n/a | 0.0% | |
| Ixonia Bank | $825,000 | $145,000 | -82.4% | 0.0% |
| Associated Bank | $135,000 | n/a | 0.0% | |
| NEXERA HOLDING LLC | $155,000 | $135,000 | -12.9% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $105,000 | n/a | 0.0% | |
| COMMUNITY CHOICE CREDIT UNION | $25,000 | $95,000 | 280.0% | 0.0% |
| VIBE CREDIT UNION | $35,000 | $70,000 | 100.0% | 0.0% |
| Centier Bank | $355,000 | $65,000 | -81.7% | 0.0% |
| Farmers State Bank | $65,000 | n/a | 0.0% | |
| GTE Federal Credit Union | $65,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $195,000 | $60,000 | -69.2% | 0.0% |
| CREDIT UNION ONE | $55,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $55,000 | n/a | 0.0% | |
| Meijer Credit Union | $50,000 | n/a | 0.0% | |
| MICHIGAN SCHOOLS AND GOVERNMENT | $255,000 | $50,000 | -80.4% | 0.0% |
| Consumers Professional Credit Union | $45,000 | n/a | 0.0% | |
| INTERRA CREDIT UNION | $45,000 | n/a | 0.0% | |
| Adventure Credit Union | $110,000 | $35,000 | -68.2% | 0.0% |
| COMMUNITY FINANCIAL CREDIT UNION | $505,000 | $35,000 | -93.1% | 0.0% |
| Lake Trust Credit Union | $215,000 | $35,000 | -83.7% | 0.0% |
KALAMAZOO - PORTAGE's top lender by overall market share is CONSUMERS, with 13.5% market share. In second place, with 9.8%, is LAKE MICHIGAN CREDIT UNION, having originated $118,225,000 in loans. In third place, with 5.8%, is QUICKEN LOANS, LLC, having originated $70,025,000 in loans. In fourth place, with 5.2%, is Old National Bank, having originated $62,045,000 in loans. In fifth place, with 5.0%, is ARBOR FINANCIAL CREDIT UNION, having originated $59,685,000 in loans.
KALAMAZOO-PORTAGE, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,733 | $732,485,000 | $268,015 |
| Refi | 1,155 | $237,495,000 | $205,623 |
| Other | 632 | $51,710,000 | $81,820 |
| Cash Out Refi | 621 | $110,835,000 | $178,478 |
| Home Improvement | 616 | $71,680,000 | $116,364 |
Kalamazoo - Portage's most frequently cited loan purpose was Home Purchase, with 2,733 originations. The 2nd most popular reason was Refi, with 1,155 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 2,057 | $580,785,000 | $282,346 |
| Over 8% | 1,464 | $132,610,000 | $90,581 |
| 7-8% | 1,213 | $293,495,000 | $241,958 |
| 5-6% | 823 | $154,745,000 | $188,026 |
| 4-5% | 67 | $11,735,000 | $175,149 |
| <2.5% | 29 | $905,000 | $31,207 |
| 3-4% | 4 | $700,000 | $175,000 |
| 2.5-3% | 4 | $750,000 | $187,500 |
During 2024, Kalamazoo - Portage's most frequently originated rate bucket was 6-7%, with 2,057 originations.
Loan Sizing (KALAMAZOO-PORTAGE, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 1,934 | $103,990,000 | $53,769 |
| $100k-200k | 1,736 | $254,190,000 | $146,423 |
| $200k-400k | 1,650 | $445,470,000 | $269,982 |
| $400k-600k | 298 | $142,210,000 | $477,215 |
| $600k-1000k | 103 | $72,655,000 | $705,388 |
| $Over $1MM | 36 | $185,690,000 | $5,158,056 |
KALAMAZOO - PORTAGE's loan sizing saw the bucket of loans from $100,000 or less with 1,934 originations, totaling $103,990,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,046 | $543,970,000 | $265,870 |
| 60-80% | 1,078 | $301,800,000 | $279,963 |
| 20-40% | 983 | $94,175,000 | $95,804 |
| Under 20% | 908 | $42,580,000 | $46,894 |
| 40-60% | 555 | $96,325,000 | $173,559 |
| Over 100% | 35 | $34,575,000 | $987,857 |
KALAMAZOO - PORTAGE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,046 originations, totaling $543,970,000 in origination value.