KALAMAZOO - PORTAGE Mortgage Rates
30 Year Fixed Rate mortgages in Kalamazoo - Portage averaged
6.11%
for the week of 2022-06-30, compared to the national average of
5.7% for the same period.
The average rate for the prior week (2022-06-23) was
5.92% and
one month ago for the week of 2022-05-26, the
average rate was 5.21%.
Kalamazoo - Portage's average rate one year ago was 3.48%.
For refis of the same type during the week of 2022-06-30, the average rate
was 5.97%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
Kalamazoo - Portage 30 Year Fixed Rate | 2022-06-30 | 6.11% |
Kalamazoo - Portage 30 Year Fixed Rate Refi | 2022-06-30 | 5.97% |
Kalamazoo - Portage 15 Year Fixed Rate | 2022-06-30 | 5.73% |
Kalamazoo - Portage 15 Year Fixed Rate Refi | 2022-06-30 | 4.87% |
Kalamazoo - Portage 30 Year FHA | 2022-06-30 | 5.81% |
Kalamazoo - Portage 30 Year FHA Refi | 2022-06-30 | 5.89% |
Kalamazoo - Portage 30 Year USDA | 2022-06-30 | 5.52% |
Kalamazoo - Portage 30 Year USDA Refi | 2022-06-30 | 5.4% |
Kalamazoo - Portage 30 Year VA | 2022-06-30 | 5.98% |
Kalamazoo - Portage 30 Year VA Refi | 2022-06-30 | 5.17% |
KALAMAZOO - PORTAGE 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 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, MI's 215 lenders originated 12,601
loans during 2021. The total origination value was $2,414,305,000, with an average loan value of
$191,596.
The top KALAMAZOO - PORTAGE lender as defined by loan originations is CONSUMERS, with
662 loans originated. Their average total fees are
$2,549, which is $377
lower than the next largest lender,
LAKE MICHIGAN CREDIT UNION.
The lowest fee KALAMAZOO - PORTAGE lenders (with over 10 loans originated) are
JPMorgan Chase Bank ($1,908), Old National Bank ($2,098), RUOFF MORTGAGE COMPANY, INC. ($2,114), Honor Credit Union ($2,322) and Kellogg Community Credit Union ($2,394).
The lowest rate KALAMAZOO - PORTAGE lenders (with over 10 loans originated) are
Bank of America (2.78%), AMERISAVE MORTGAGE CORPORATION (2.88%), Ally Bank (2.89%), OAK MORTGAGE, LLC (2.90%) and BETTER MORTGAGE CORPORATION (2.93%).
KALAMAZOO-PORTAGE, 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
LAKE MICHIGAN CREDIT UNION | $270,970,000 | $244,705,000 | -9.7% | 10.1% |
CONSUMERS | $211,500,000 | $236,410,000 | 11.8% | 9.8% |
QUICKEN LOANS, LLC | $160,340,000 | $173,990,000 | 8.5% | 7.2% |
ARBOR FINANCIAL CREDIT UNION | $137,635,000 | $135,600,000 | -1.5% | 5.6% |
Fifth Third Bank | $94,615,000 | $98,000,000 | 3.6% | 4.1% |
UNITED WHOLESALE MORTGAGE, LLC | $42,665,000 | $81,255,000 | 90.4% | 3.4% |
The Huntington National Bank | $30,575,000 | $72,430,000 | 136.9% | 3.0% |
AMERIFIRST FINANCIAL CORPORATION | $118,990,000 | $70,270,000 | -40.9% | 2.9% |
MORTGAGE CENTER L.C | $59,235,000 | $66,285,000 | 11.9% | 2.7% |
SUCCESS MORTGAGE PARTNERS, INC. | $57,170,000 | $55,005,000 | -3.8% | 2.3% |
Horizon Bank | $59,075,000 | $49,770,000 | -15.8% | 2.1% |
PNC Bank | $48,260,000 | $47,425,000 | -1.7% | 2.0% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $33,345,000 | $38,500,000 | 15.5% | 1.6% |
Honor Credit Union | $40,555,000 | $36,230,000 | -10.7% | 1.5% |
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $30,695,000 | $35,630,000 | 16.1% | 1.5% |
JPMorgan Chase Bank | $23,070,000 | $35,440,000 | 53.6% | 1.5% |
Northpointe Bank | $39,775,000 | $31,530,000 | -20.7% | 1.3% |
Pacor Mortgage Corp | $47,195,000 | $31,335,000 | -33.6% | 1.3% |
WALKER & DUNLOP, LLC | $66,725,000 | $31,155,000 | -53.3% | 1.3% |
1st Source Bank | $10,690,000 | $29,885,000 | 179.6% | 1.2% |
Old National Bank | $40,470,000 | $29,210,000 | -27.8% | 1.2% |
Mercantile Bank of Michigan | $31,265,000 | $28,210,000 | -9.8% | 1.2% |
SUMMIT HOME MORTGAGE, LLC | $32,425,000 | $28,170,000 | -13.1% | 1.2% |
Kellogg Community Credit Union | $30,620,000 | $27,230,000 | -11.1% | 1.1% |
Flagstar Bank, FSB | $25,950,000 | $24,990,000 | -3.7% | 1.0% |
ADVIA | $19,950,000 | $23,880,000 | 19.7% | 1.0% |
FREEDOM MORTGAGE CORPORATION | $28,560,000 | $23,540,000 | -17.6% | 1.0% |
Wells Fargo Bank | $16,285,000 | $22,485,000 | 38.1% | 0.9% |
KALSEE CREDIT UNION | $22,240,000 | $22,370,000 | 0.6% | 0.9% |
Independent Bank | $20,765,000 | $20,120,000 | -3.1% | 0.8% |
CALIBER HOME LOANS, INC. | $14,825,000 | $19,200,000 | 29.5% | 0.8% |
Mortgage Research Center, LLC | $8,780,000 | $17,350,000 | 97.6% | 0.7% |
OAK MORTGAGE, LLC | $21,970,000 | $16,055,000 | -26.9% | 0.7% |
TCF National Bank | $19,185,000 | $15,905,000 | -17.1% | 0.7% |
LOANDEPOT.COM, LLC | $10,875,000 | $15,795,000 | 45.2% | 0.7% |
Mr. Cooper ( Nationstar Mortgage ) | $12,430,000 | $14,615,000 | 17.6% | 0.6% |
RUOFF MORTGAGE COMPANY, INC. | $15,740,000 | $14,045,000 | -10.8% | 0.6% |
NEWREZ LLC | $7,795,000 | $13,810,000 | 77.2% | 0.6% |
Southern Michigan Bank & Trust | $14,840,000 | $13,220,000 | -10.9% | 0.5% |
BETTER MORTGAGE CORPORATION | $5,395,000 | $12,260,000 | 127.2% | 0.5% |
HOME POINT FINANCIAL CORPORATION | $12,995,000 | $11,440,000 | -12.0% | 0.5% |
AMERISAVE MORTGAGE CORPORATION | $7,275,000 | $11,215,000 | 54.2% | 0.5% |
Citizens Bank | $8,435,000 | $10,460,000 | 24.0% | 0.4% |
PENNYMAC LOAN SERVICES, LLC | $2,450,000 | $9,815,000 | 300.6% | 0.4% |
MORTGAGE 1 INCORPORATED | $6,635,000 | $9,560,000 | 44.1% | 0.4% |
GUARANTEED RATE, INC. | $5,190,000 | $9,015,000 | 73.7% | 0.4% |
Comerica Bank | $5,295,000 | $8,560,000 | 61.7% | 0.4% |
Arbor Realty Trust, Inc. | $8,455,000 | n/a | 0.4% | |
GREYSTONE SERVICING COMPANY LLC | $22,860,000 | $8,405,000 | -63.2% | 0.3% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $6,465,000 | $8,100,000 | 25.3% | 0.3% |
Bank of America | $6,795,000 | $7,775,000 | 14.4% | 0.3% |
UNION HOME MORTGAGE CORP. | $5,480,000 | $7,775,000 | 41.9% | 0.3% |
CONTOUR MORTGAGE CORPORATION | $645,000 | $7,640,000 | 1,084.5% | 0.3% |
GENISYS | $455,000 | $7,210,000 | 1,484.6% | 0.3% |
OMNI Community Credit Union | $6,940,000 | $6,700,000 | -3.5% | 0.3% |
United Bank of Michigan | $2,300,000 | $6,520,000 | 183.5% | 0.3% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $3,690,000 | $6,350,000 | 72.1% | 0.3% |
Ally Bank | $2,790,000 | $6,075,000 | 117.7% | 0.3% |
BROKER SOLUTIONS, INC. | $3,605,000 | $6,065,000 | 68.2% | 0.3% |
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $3,370,000 | $5,810,000 | 72.4% | 0.2% |
Neighborhood Loans, Inc. | $4,955,000 | $5,805,000 | 17.2% | 0.2% |
Hometown Lenders, Inc. | $375,000 | $4,855,000 | 1,194.7% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $4,945,000 | $4,830,000 | -2.3% | 0.2% |
FINANCE OF AMERICA MORTGAGE LLC | $7,790,000 | $4,625,000 | -40.6% | 0.2% |
MARSHALL COMMUNITY CREDIT UNION | $9,810,000 | $4,565,000 | -53.5% | 0.2% |
NAVY FEDERAL CREDIT UNION | $3,515,000 | $4,270,000 | 21.5% | 0.2% |
CHURCHILL MORTGAGE CORPORATION | $3,640,000 | $4,130,000 | 13.5% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $1,845,000 | $4,105,000 | 122.5% | 0.2% |
UNITED | $3,450,000 | $4,070,000 | 18.0% | 0.2% |
PREMIA MORTGAGE, LLC | $3,240,000 | $4,050,000 | 25.0% | 0.2% |
VILLAGE CAPITAL & INVESTMENT LLC | $1,970,000 | $3,980,000 | 102.0% | 0.2% |
21ST MORTGAGE CORPORATION | $2,220,000 | $3,935,000 | 77.3% | 0.2% |
GreenStone Farm Credit Services, FLCA | $8,540,000 | $3,900,000 | -54.3% | 0.2% |
CROSSCOUNTRY MORTGAGE, LLC | $1,800,000 | $3,800,000 | 111.1% | 0.2% |
Chicago Mortgage Solutions LLC | $1,105,000 | $3,765,000 | 240.7% | 0.2% |
USAA Federal Savings Bank | $7,785,000 | $3,610,000 | -53.6% | 0.1% |
INLANTA MORTGAGE, INC. | $2,010,000 | $3,440,000 | 71.1% | 0.1% |
The Dart Bank | $2,045,000 | $3,225,000 | 57.7% | 0.1% |
KeyBank | $4,115,000 | $3,195,000 | -22.4% | 0.1% |
NEW DAY FINANCIAL, LLC | $4,965,000 | $3,195,000 | -35.6% | 0.1% |
First Guaranty Mortgage Corporation | $2,115,000 | $2,800,000 | 32.4% | 0.1% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $1,370,000 | $2,615,000 | 90.9% | 0.1% |
HOMESIDE FINANCIAL, LLC | $610,000 | $2,485,000 | 307.4% | 0.1% |
Carrington Mortgage Services, LLC | $2,950,000 | $2,465,000 | -16.4% | 0.1% |
CHERRY CREEK MORTGAGE, LLC | $1,780,000 | $2,450,000 | 37.6% | 0.1% |
LENDINGHOME FUNDING CORPORATION | $325,000 | $2,440,000 | 650.8% | 0.1% |
BlueOx Credit Union | $1,700,000 | $2,390,000 | 40.6% | 0.1% |
Sturgis Bank & Trust Company | $1,615,000 | $2,360,000 | 46.1% | 0.1% |
NORTHERN MORTGAGE SERVICES, LLC | $4,155,000 | $2,305,000 | -44.5% | 0.1% |
Wyndham Capital Mortgage, Inc. | $800,000 | $2,235,000 | 179.4% | 0.1% |
GVC MORTGAGE, INC. | $1,220,000 | $2,200,000 | 80.3% | 0.1% |
GUARANTEED RATE AFFINITY, LLC | $2,780,000 | $2,175,000 | -21.8% | 0.1% |
The State Bank | $165,000 | $2,085,000 | 1,163.6% | 0.1% |
Barrington Bank & Trust Company, N.A. | $1,370,000 | $2,020,000 | 47.4% | 0.1% |
PENTAGON FEDERAL CREDIT UNION | $1,150,000 | $2,015,000 | 75.2% | 0.1% |
AmeriHome Mortgage Company, LLC | $2,955,000 | $2,010,000 | -32.0% | 0.1% |
MICHIGAN MUTUAL, INC. | $3,300,000 | $1,880,000 | -43.0% | 0.1% |
FirstBank | $1,665,000 | $1,860,000 | 11.7% | 0.1% |
Associated Bank | $1,470,000 | $1,850,000 | 25.9% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $1,510,000 | $1,845,000 | 22.2% | 0.1% |
TRIAD FINANCIAL SERVICES, INC. | $675,000 | $1,795,000 | 165.9% | 0.1% |
STOCKTON MORTGAGE CORPORATION | $1,350,000 | $1,785,000 | 32.2% | 0.1% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,935,000 | $1,780,000 | -8.0% | 0.1% |
United Bay Community Credit Union | $5,640,000 | $1,750,000 | -69.0% | 0.1% |
SUN WEST MORTGAGE COMPANY, INC. | $1,945,000 | $1,740,000 | -10.5% | 0.1% |
STAUNTON FINANCIAL, INC. | $135,000 | $1,675,000 | 1,140.7% | 0.1% |
MID AMERICA MORTGAGE, INC. | $1,695,000 | $1,670,000 | -1.5% | 0.1% |
U.S. Bank | $2,720,000 | $1,665,000 | -38.8% | 0.1% |
InterContinental Capital Group, Inc | $560,000 | $1,645,000 | 193.8% | 0.1% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,075,000 | $1,625,000 | -21.7% | 0.1% |
NBKC BANK | $2,335,000 | $1,600,000 | -31.5% | 0.1% |
MOVEMENT MORTGAGE, LLC | $115,000 | $1,565,000 | 1,260.9% | 0.1% |
ChoiceOne Bank | $2,040,000 | $1,520,000 | -25.5% | 0.1% |
MEMBER FIRST MORTGAGE, LLC | $945,000 | $1,505,000 | 59.3% | 0.1% |
DRAPER AND KRAMER MORTGAGE CORP. | $845,000 | $1,420,000 | 68.0% | 0.1% |
VAN DYK MORTGAGE CORPORATION | $1,355,000 | $1,420,000 | 4.8% | 0.1% |
Citibank | $135,000 | $1,340,000 | 892.6% | 0.1% |
UNIVERSITY LENDING GROUP, LLC | $1,565,000 | $1,315,000 | -16.0% | 0.1% |
Morgan Stanley Private Bank | $515,000 | $1,280,000 | 148.5% | 0.1% |
CASE | $125,000 | $1,275,000 | 920.0% | 0.1% |
Grand River Bank | $775,000 | $1,270,000 | 63.9% | 0.1% |
DOW CHEMICAL EMPLOYEES' | $1,210,000 | $1,245,000 | 2.9% | 0.1% |
TOP FLITE FINANCIAL, INC. | $590,000 | $1,220,000 | 106.8% | 0.1% |
PLAZA HOME MORTGAGE, INC. | $445,000 | $1,205,000 | 170.8% | 0.0% |
Strong Home Mortgage, LLC | $325,000 | $1,195,000 | 267.7% | 0.0% |
County National Bank | $135,000 | $1,180,000 | 774.1% | 0.0% |
MMS MORTGAGE SERVICES, LTD. | $450,000 | $1,155,000 | 156.7% | 0.0% |
Southern Bank | $1,155,000 | n/a | 0.0% | |
North American Savings Bank, F.S.B. | $1,195,000 | $1,135,000 | -5.0% | 0.0% |
Level One Bank | $2,695,000 | $1,110,000 | -58.8% | 0.0% |
READYCAP COMMERCIAL, LLC | $1,095,000 | n/a | 0.0% | |
Farmers Bank & Trust | $1,070,000 | n/a | 0.0% | |
KELLER MORTGAGE, LLC | $575,000 | $1,050,000 | 82.6% | 0.0% |
UIF CORPORATION | $1,565,000 | $1,030,000 | -34.2% | 0.0% |
UNITED HOME LOANS, INC. | $460,000 | $1,030,000 | 123.9% | 0.0% |
ZILLOW HOME LOANS, LLC | $785,000 | $1,010,000 | 28.7% | 0.0% |
ORIX REAL ESTATE CAPITAL, LLC | $2,375,000 | $1,005,000 | -57.7% | 0.0% |
AMERICAN INTERNET MORTGAGE, INC. | $870,000 | $1,000,000 | 14.9% | 0.0% |
CLEARPATH LENDING | $2,115,000 | $985,000 | -53.4% | 0.0% |
Adventure Credit Union | $600,000 | $945,000 | 57.5% | 0.0% |
MICHIGAN SCHOOLS AND GOVERNMENT | $175,000 | $945,000 | 440.0% | 0.0% |
Bank of England | $360,000 | $920,000 | 155.6% | 0.0% |
LIMA ONE CAPITAL, LLC | $920,000 | n/a | 0.0% | |
Hometown Equity Mortgage, LLC | $275,000 | $915,000 | 232.7% | 0.0% |
Paramount Residential Mortgage Group, Inc. | $900,000 | $905,000 | 0.6% | 0.0% |
TIAA, FSB | $1,070,000 | $900,000 | -15.9% | 0.0% |
AMERICAN FINANCING CORPORATION | $645,000 | $895,000 | 38.8% | 0.0% |
ACCELERATE MORTGAGE, LLC | $370,000 | $870,000 | 135.1% | 0.0% |
COMPASS MORTGAGE, INC. | $620,000 | $835,000 | 34.7% | 0.0% |
EVERETT FINANCIAL, INC. | $1,715,000 | $830,000 | -51.6% | 0.0% |
PREFERRED CREDIT UNION | $680,000 | $830,000 | 22.1% | 0.0% |
RELIANCE FIRST CAPITAL, LLC | $195,000 | $810,000 | 315.4% | 0.0% |
Plains Commerce Bank | $830,000 | $785,000 | -5.4% | 0.0% |
Ixonia Bank | $780,000 | n/a | 0.0% | |
Highpoint Community Bank | $165,000 | $770,000 | 366.7% | 0.0% |
Citadel Servicing Corporation | $745,000 | n/a | 0.0% | |
Figure Lending LLC | $270,000 | $745,000 | 175.9% | 0.0% |
SOFI LENDING CORP. | $585,000 | $745,000 | 27.4% | 0.0% |
PHH Mortgage Corporation | $1,020,000 | $735,000 | -27.9% | 0.0% |
Low VA Rates, LLC | $460,000 | $730,000 | 58.7% | 0.0% |
LONGBRIDGE FINANCIAL, LLC | $725,000 | n/a | 0.0% | |
FIRST CENTENNIAL MORTGAGE CORPORATION | $205,000 | $700,000 | 241.5% | 0.0% |
The Federal Savings Bank | $1,415,000 | $700,000 | -50.5% | 0.0% |
Centier Bank | $360,000 | $695,000 | 93.1% | 0.0% |
COREVEST AMERICAN FINANCE LENDER LLC | $695,000 | n/a | 0.0% | |
HALLMARK HOME MORTGAGE, LLC | $475,000 | $685,000 | 44.2% | 0.0% |
MICHIGAN FIRST CREDIT UNION | $715,000 | $685,000 | -4.2% | 0.0% |
Stifel Bank and Trust | $1,525,000 | $680,000 | -55.4% | 0.0% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $675,000 | n/a | 0.0% | |
BMO Harris Bank | $675,000 | n/a | 0.0% | |
LOANPAL, LLC | $660,000 | n/a | 0.0% | |
AMERICAN FINANCIAL NETWORK, INC. | $665,000 | $655,000 | -1.5% | 0.0% |
TEACHERS CREDIT UNION | $215,000 | $655,000 | 204.7% | 0.0% |
Lakeview Community Capital, LLC | $245,000 | $650,000 | 165.3% | 0.0% |
RESIDENTIAL BANCORP. | $645,000 | n/a | 0.0% | |
Nations Lending Corporation | $410,000 | $605,000 | 47.6% | 0.0% |
SIRVA MORTGAGE, INC. | $905,000 | $605,000 | -33.1% | 0.0% |
UBS Bank USA | $605,000 | n/a | 0.0% | |
CELEBRITY HOME LOANS, LLC | $600,000 | n/a | 0.0% | |
PROPER RATE, LLC | $1,065,000 | $590,000 | -44.6% | 0.0% |
BM Real Estate Services, Inc. | $135,000 | $580,000 | 329.6% | 0.0% |
GUIDANCE RESIDENTIAL, LLC | $580,000 | n/a | 0.0% | |
First Horizon Bank | $570,000 | n/a | 0.0% | |
Manufacturers and Traders Trust Company | $180,000 | $550,000 | 205.6% | 0.0% |
STEARNS LENDING, LLC | $495,000 | $550,000 | 11.1% | 0.0% |
BAY EQUITY LLC | $545,000 | n/a | 0.0% | |
DFCU FINANCIAL | $675,000 | $540,000 | -20.0% | 0.0% |
Discover Bank | $620,000 | $530,000 | -14.5% | 0.0% |
Republic Bank & Trust Company | $525,000 | n/a | 0.0% | |
PROVIDENT FUNDING ASSOCIATES, L.P. | $805,000 | $520,000 | -35.4% | 0.0% |
T2 FINANCIAL LLC | $985,000 | $520,000 | -47.2% | 0.0% |
ACADEMY MORTGAGE CORPORATION | $1,480,000 | $515,000 | -65.2% | 0.0% |
Independent Bank | $20,765,000 | $515,000 | -97.5% | 0.0% |
First Dakota National Bank | $505,000 | n/a | 0.0% | |
Meridian Bank Corporation | $505,000 | n/a | 0.0% | |
South State Bank | $505,000 | n/a | 0.0% | |
MEMBERS FIRST Credit Union | $490,000 | n/a | 0.0% | |
SUMMIT FUNDING, INC. | $245,000 | $490,000 | 100.0% | 0.0% |
SOVEREIGN LENDING GROUP INCORPORATED | $245,000 | $485,000 | 98.0% | 0.0% |
SPRING EQ, LLC | $255,000 | $480,000 | 88.2% | 0.0% |
NATIONS RELIABLE LENDING, LLC | $475,000 | n/a | 0.0% | |
CANOPY MORTGAGE, LLC | $470,000 | n/a | 0.0% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $115,000 | $470,000 | 308.7% | 0.0% |
ALLIED MORTGAGE GROUP, INC. | $135,000 | $460,000 | 240.7% | 0.0% |
Beeline Loans, Inc. | $460,000 | n/a | 0.0% | |
PLANET HOME LENDING, LLC | $115,000 | $460,000 | 300.0% | 0.0% |
BNC National Bank | $450,000 | n/a | 0.0% | |
BLG HOLDINGS, INC. | $155,000 | $440,000 | 183.9% | 0.0% |
Waterstone Mortgage Corporation | $580,000 | $420,000 | -27.6% | 0.0% |
Ameris Bank | $395,000 | $415,000 | 5.1% | 0.0% |
Midwest Community Bank | $415,000 | n/a | 0.0% | |
Baxter Credit Union | $195,000 | $410,000 | 110.3% | 0.0% |
Chicago Financial Services, Inc. | $185,000 | $405,000 | 118.9% | 0.0% |
First American Bank | $395,000 | n/a | 0.0% | |
MORIA DEVELOPMENT, INC. | $165,000 | $395,000 | 139.4% | 0.0% |
ROSS MORTGAGE CORPORATION | $385,000 | $390,000 | 1.3% | 0.0% |
Key Mortgage Services, Inc. | $375,000 | n/a | 0.0% | |
Directions Credit Union, Inc. | $365,000 | n/a | 0.0% | |
UNIVERSITY OF MICHIGAN CREDIT UNION | $365,000 | n/a | 0.0% | |
EMM LOANS LLC | $665,000 | $360,000 | -45.9% | 0.0% |
Third Federal Savings and Loan Association of Cleveland | $425,000 | $360,000 | -15.3% | 0.0% |
FIRST COMMUNITY MORTGAGE, INC. | $350,000 | n/a | 0.0% | |
NETWORK CAPITAL FUNDING CORPORATION | $350,000 | n/a | 0.0% | |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $345,000 | n/a | 0.0% | |
ONY GLO, INC. | $345,000 | n/a | 0.0% | |
Presidential Bank, FSB | $345,000 | n/a | 0.0% | |
AMERICAN FINANCIAL RESOURCES, INC. | $655,000 | $340,000 | -48.1% | 0.0% |
FIRST STATE MORTGAGE SERVICES, LLC | $295,000 | $335,000 | 13.6% | 0.0% |
RF Renovo Management Company, LLC | $335,000 | n/a | 0.0% | |
First Federal Bank | $815,000 | $330,000 | -59.5% | 0.0% |
HARTFORD FUNDING, LTD. | $325,000 | n/a | 0.0% | |
Paramount Bank | $415,000 | $325,000 | -21.7% | 0.0% |
J. VIRGIL, INC. | $205,000 | $320,000 | 56.1% | 0.0% |
Colonial Savings, F.A. | $315,000 | n/a | 0.0% | |
Kwik Mortgage Corporation | $315,000 | n/a | 0.0% | |
THE EQUITABLE MORTGAGE CORPORATION | $315,000 | n/a | 0.0% | |
ALLIANT CREDIT UNION | $615,000 | $310,000 | -49.6% | 0.0% |
NEXERA HOLDING LLC | $305,000 | n/a | 0.0% | |
NATIONS DIRECT MORTGAGE, LLC | $630,000 | $300,000 | -52.4% | 0.0% |
Cf Bank | $305,000 | $285,000 | -6.6% | 0.0% |
Notre Dame Federal Credit Union Corporation | $485,000 | $285,000 | -41.2% | 0.0% |
Renasant Bank | $285,000 | n/a | 0.0% | |
Amerifirst Financial, Inc. | $265,000 | n/a | 0.0% | |
Carrollton Bank | $255,000 | n/a | 0.0% | |
Merchants Bank of Indiana | $255,000 | n/a | 0.0% | |
Charles Schwab Bank, SSB | $245,000 | n/a | 0.0% | |
Frankenmuth Credit Union | $320,000 | $245,000 | -23.4% | 0.0% |
HOMESTEAD FUNDING CORP. | $480,000 | $245,000 | -49.0% | 0.0% |
WINGS FINANCIAL | $245,000 | n/a | 0.0% | |
Wanigas Credit Union | $240,000 | n/a | 0.0% | |
ENVOY MORTGAGE, LTD | $145,000 | $235,000 | 62.1% | 0.0% |
INTERRA CREDIT UNION | $235,000 | n/a | 0.0% | |
Pinnacle Bank | $235,000 | n/a | 0.0% | |
AMERICAN ADVISORS GROUP | $235,000 | $230,000 | -2.1% | 0.0% |
Equity Prime Mortgage LLC | $285,000 | $225,000 | -21.1% | 0.0% |
Macatawa Bank | $1,050,000 | $225,000 | -78.6% | 0.0% |
Platinum Home Mortgage Corporation | $320,000 | $225,000 | -29.7% | 0.0% |
RBC Bank, (Georgia) | $225,000 | n/a | 0.0% | |
Bank of Ann Arbor | $145,000 | $215,000 | 48.3% | 0.0% |
PURDUE FEDERAL CREDIT UNION | $215,000 | n/a | 0.0% | |
THE ANDERSON FINANCIAL GROUP, INC. | $135,000 | $215,000 | 59.3% | 0.0% |
Three Rivers Federal Credit Union | $215,000 | n/a | 0.0% | |
NATIONWIDE MORTGAGE BANKERS, INC. | $755,000 | $210,000 | -72.2% | 0.0% |
SECURITYNATIONAL MORTGAGE COMPANY | $210,000 | n/a | 0.0% | |
Axos Bank | $205,000 | n/a | 0.0% | |
DAS Acquisition Company, LLC | $205,000 | n/a | 0.0% | |
POLARIS HOME FUNDING CORP. | $205,000 | n/a | 0.0% | |
VIBE CREDIT UNION | $85,000 | $200,000 | 135.3% | 0.0% |
ProFed Federal Credit Union | $195,000 | n/a | 0.0% | |
RESIDENTIAL MORTGAGE SERVICES, INC. | $195,000 | n/a | 0.0% | |
Auto Club Trust, FSB | $185,000 | n/a | 0.0% | |
CREDIT UNION ONE | $35,000 | $185,000 | 428.6% | 0.0% |
EMBRACE HOME LOANS, INC. | $370,000 | $185,000 | -50.0% | 0.0% |
Signature Federal Credit Union | $185,000 | n/a | 0.0% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $165,000 | $185,000 | 12.1% | 0.0% |
Northwest Bank | $175,000 | n/a | 0.0% | |
NP, Inc. | $295,000 | $175,000 | -40.7% | 0.0% |
OCMBC, INC. | $175,000 | n/a | 0.0% | |
TEMPLE VIEW CAPITAL FUNDING, LP | $175,000 | n/a | 0.0% | |
First National Bank of America | $135,000 | $165,000 | 22.2% | 0.0% |
LAFCU | $175,000 | $165,000 | -5.7% | 0.0% |
DEEPHAVEN MORTGAGE LLC | $185,000 | $155,000 | -16.2% | 0.0% |
Circle Federal Credit Union | $400,000 | $150,000 | -62.5% | 0.0% |
DUPACO COMMUNITY | $150,000 | n/a | 0.0% | |
BLUELEAF LENDING, LLC | $395,000 | $145,000 | -63.3% | 0.0% |
Edgewater Bank | $125,000 | $145,000 | 16.0% | 0.0% |
Lake City Bank | $8,360,000 | $145,000 | -98.3% | 0.0% |
TLC COMMUNITY Credit Union | $205,000 | $145,000 | -29.3% | 0.0% |
First Financial Bank | $135,000 | n/a | 0.0% | |
First Home Bank | $145,000 | $135,000 | -6.9% | 0.0% |
FIRST OHIO HOME FINANCE, INC. | $135,000 | n/a | 0.0% | |
HSBC BANK USA, NATIONAL ASSOCIATION | $135,000 | n/a | 0.0% | |
MICHIGAN ONE COMMUNITY Credit Union | $135,000 | n/a | 0.0% | |
Preston Home Loans Inc | $135,000 | n/a | 0.0% | |
Wildfire Credit Union | $135,000 | n/a | 0.0% | |
AAC Credit Union | $250,000 | $125,000 | -50.0% | 0.0% |
Community West Credit Union | $515,000 | $125,000 | -75.7% | 0.0% |
DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $315,000 | $125,000 | -60.3% | 0.0% |
FOUR POINTS | $125,000 | n/a | 0.0% | |
KS StateBank | $125,000 | n/a | 0.0% | |
MIDWEST LOAN SOLUTIONS, INC. | $175,000 | $125,000 | -28.6% | 0.0% |
Peoples Bank | $135,000 | $125,000 | -7.4% | 0.0% |
FIRST CHOICE MH LLC | $1,340,000 | $120,000 | -91.0% | 0.0% |
Amalgamated Bank | $115,000 | n/a | 0.0% | |
COPOCO Community Credit Union | $105,000 | n/a | 0.0% | |
First Internet Bank of Indiana | $205,000 | $105,000 | -48.8% | 0.0% |
First National Bank of Brookfield | $105,000 | n/a | 0.0% | |
NBH Bank | $105,000 | $105,000 | 0.0% | 0.0% |
Thumb Bank and Trust | $450,000 | $105,000 | -76.7% | 0.0% |
ALL WESTERN MORTGAGE, INC. | $95,000 | n/a | 0.0% | |
Bell Bank | $225,000 | $85,000 | -62.2% | 0.0% |
HANCOCK MORTGAGE PARTNERS, LLC | $450,000 | $85,000 | -81.1% | 0.0% |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $650,000 | $85,000 | -86.9% | 0.0% |
IncredibleBank | $285,000 | $85,000 | -70.2% | 0.0% |
S1L, Inc. | $85,000 | n/a | 0.0% | |
TOWNE MORTGAGE COMPANY | $1,430,000 | $85,000 | -94.1% | 0.0% |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $75,000 | n/a | 0.0% | |
FINANCE OF AMERICA COMMERCIAL LLC | $75,000 | n/a | 0.0% | |
West Michigan Community Bank | $215,000 | $75,000 | -65.1% | 0.0% |
FINANCE OF AMERICA REVERSE LLC | $45,000 | n/a | 0.0% | |
GREENWOOD | $45,000 | n/a | 0.0% | |
NUMARK CREDIT UNION | $65,000 | $45,000 | -30.8% | 0.0% |
BayCoast Bank | $35,000 | n/a | 0.0% | |
COMMUNITY CHOICE CREDIT UNION | $100,000 | $35,000 | -65.0% | 0.0% |
GreenStone Farm Credit Services, ACA | $25,000 | n/a | 0.0% |
KALAMAZOO - PORTAGE's top lender by overall market share is LAKE MICHIGAN CREDIT UNION, with 10.1% market share. In second place, with 9.8%, is CONSUMERS, having originated $236,410,000 in loans. In third place, with 7.2%, is QUICKEN LOANS, LLC, having originated $173,990,000 in loans. In third place, with 5.6%, is ARBOR FINANCIAL CREDIT UNION, having originated $135,600,000 in loans. In third place, with 4.1%, is Fifth Third Bank, having originated $98,000,000 in loans.
KALAMAZOO-PORTAGE, MI Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Refi | 4,645 | $925,505,000 | $199,248 |
Home Purchase | 4,074 | $955,610,000 | $234,563 |
Cash Out Refi | 2,434 | $424,900,000 | $174,569 |
Home Improvement | 1,020 | $64,130,000 | $62,873 |
Other | 428 | $44,160,000 | $103,178 |
Kalamazoo - Portage's most frequently cited loan purpose was Refi, with 4,645 originations. The 2nd most popular reason was Home Purchase, with 4,074 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 4,676 | $883,880,000 | $189,025 |
2.5-3% | 4,541 | $952,585,000 | $209,774 |
<2.5% | 2,345 | $448,955,000 | $191,452 |
4-5% | 544 | $58,630,000 | $107,776 |
5-6% | 210 | $14,400,000 | $68,571 |
7-8% | 105 | $5,565,000 | $53,000 |
6-7% | 80 | $5,060,000 | $63,250 |
Over 8% | 60 | $3,030,000 | $50,500 |
During 2021, Kalamazoo - Portage's most frequently originated rate bucket was 3-4%, with 4,676 originations.
Loan Sizing (KALAMAZOO-PORTAGE, MI MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 5,446 | $795,130,000 | $146,003 |
$200k-400k | 3,313 | $890,865,000 | $268,900 |
$100,000 or less | 3,152 | $189,680,000 | $60,178 |
$400k-600k | 527 | $252,075,000 | $478,321 |
$600k-1000k | 116 | $86,750,000 | $747,845 |
$Over $1MM | 47 | $199,805,000 | $4,251,170 |
KALAMAZOO - PORTAGE's loan sizing saw the bucket of loans from $100k-200k with 5,446 originations, totaling $795,130,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
60-80% | 4,270 | $930,130,000 | $217,829 |
80-100% | 3,787 | $840,205,000 | $221,866 |
40-60% | 2,072 | $363,120,000 | $175,251 |
20-40% | 1,192 | $132,780,000 | $111,393 |
Under 20% | 875 | $39,555,000 | $45,206 |
Over 100% | 75 | $21,085,000 | $281,133 |
KALAMAZOO - PORTAGE's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 4,270 originations, totaling $930,130,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - KALAMAZOO - PORTAGE (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 | $209,950 (-0.6%) | $327,507 (-11.9%) | 0.77 | 879 |
2018-02-01 | $219,950 (-8.3%) | $338,683 (-13.5%) | 0.79 | 817 |
2018-03-01 | $249,900 (-1.8%) | $383,024 (-5.6%) | 0.86 | 790 |
2018-04-01 | $269,900 (2.3%) | $391,380 (-3.0%) | 0.91 | 798 |
2018-05-01 | $282,492 (8.9%) | $395,937 (4.6%) | 0.94 | 888 |
2018-06-01 | $275,000 (11.8%) | $389,904 (9.8%) | 0.92 | 1,000 |
2018-07-01 | $263,250 (7.5%) | $363,615 (3.5%) | 0.88 | 1,055 |
2018-08-01 | $249,900 (8.7%) | $351,571 (4.8%) | 0.84 | 1,161 |
2018-09-01 | $235,900 (4.8%) | $330,534 (-1.7%) | 0.79 | 1,247 |
2018-10-01 | $238,000 (7.0%) | $326,296 (-2.8%) | 0.80 | 1,239 |
2018-11-01 | $239,450 (9.1%) | $331,759 (-0.1%) | 0.80 | 1,168 |
2018-12-01 | $235,000 (7.4%) | $325,325 (-0.5%) | 0.80 | 1,052 |
2019-01-01 | $229,500 (9.3%) | $324,441 (-0.9%) | 0.79 | 954 |
2019-02-01 | $236,650 (7.6%) | $342,335 (1.1%) | 0.79 | 888 |
2019-03-01 | $258,243 (3.3%) | $365,670 (-4.5%) | 0.84 | 877 |
2019-04-01 | $281,200 (4.2%) | $382,221 (-2.3%) | 0.89 | 896 |
2019-05-01 | $290,500 (2.8%) | $387,774 (-2.1%) | 0.90 | 924 |
2019-06-01 | $284,900 (3.6%) | $380,036 (-2.5%) | 0.88 | 1,039 |
2019-07-01 | $274,950 (4.4%) | $373,463 (2.7%) | 0.85 | 1,112 |
2019-08-01 | $261,371 (4.6%) | $361,428 (2.8%) | 0.82 | 1,160 |
2019-09-01 | $250,000 (6.0%) | $348,183 (5.3%) | 0.79 | 1,211 |
2019-10-01 | $249,950 (5.0%) | $343,927 (5.4%) | 0.80 | 1,249 |
2019-11-01 | $245,000 (2.3%) | $335,630 (1.2%) | 0.79 | 1,150 |
2019-12-01 | $244,150 (3.9%) | $333,621 (2.6%) | 0.81 | 994 |
2020-01-01 | $245,000 (6.8%) | $331,583 (2.2%) | 0.82 | 873 |
2020-02-01 | $259,900 (9.8%) | $345,058 (0.8%) | 0.84 | 879 |
2020-03-01 | $290,950 (12.7%) | $378,056 (3.4%) | 0.91 | 794 |
2020-04-01 | $289,900 (3.1%) | $377,856 (-1.1%) | 0.90 | 778 |
2020-05-01 | $299,900 (3.2%) | $405,429 (4.6%) | 0.91 | 825 |
2020-06-01 | $314,900 (10.5%) | $413,841 (8.9%) | 0.92 | 760 |
2020-07-01 | $299,900 (9.1%) | $405,981 (8.7%) | 0.86 | 718 |
2020-08-01 | $299,900 (14.7%) | $396,411 (9.7%) | 0.86 | 660 |
2020-09-01 | $297,450 (19.0%) | $388,990 (11.7%) | 0.85 | 615 |
2020-10-01 | $299,900 (20.0%) | $399,660 (16.2%) | 0.86 | 584 |
2020-11-01 | $299,900 (22.4%) | $404,541 (20.5%) | 0.86 | 556 |
2020-12-01 | $287,200 (17.6%) | $392,368 (17.6%) | 0.84 | 481 |
2021-01-01 | $284,900 (16.3%) | $397,667 (19.9%) | 0.84 | 402 |
2021-02-01 | $302,450 (16.4%) | $412,288 (19.5%) | 0.87 | 353 |
2021-03-01 | $329,450 (13.2%) | $440,081 (16.4%) | 0.92 | 331 |
2021-04-01 | $337,500 (16.4%) | $444,114 (17.5%) | 0.91 | 313 |
2021-05-01 | $349,900 (16.7%) | $442,101 (9.0%) | 0.92 | 359 |
2021-06-01 | $329,450 (4.6%) | $434,902 (5.1%) | 0.86 | 396 |
2021-07-01 | $307,450 (2.5%) | $417,756 (2.9%) | 0.80 | 464 |
2021-08-01 | $302,500 (0.9%) | $410,964 (3.7%) | 0.80 | 507 |
2021-09-01 | $299,450 (0.7%) | $404,821 (4.1%) | 0.79 | 509 |
2021-10-01 | $290,000 (-3.3%) | $409,932 (2.6%) | 0.76 | 483 |
2021-11-01 | $277,450 (-7.5%) | $391,015 (-3.3%) | 0.73 | 427 |
2021-12-01 | $269,900 (-6.0%) | $388,878 (-0.9%) | 0.72 | 343 |
2022-01-01 | $279,900 (-1.8%) | $407,399 (2.5%) | 0.75 | 244 |
2022-02-01 | $297,400 (-1.7%) | $418,132 (1.4%) | 0.76 | 221 |
2022-03-01 | $317,450 (-3.6%) | $438,575 (-0.3%) | 0.78 | 237 |
2022-04-01 | $329,900 (-2.3%) | $459,937 (3.6%) | 0.78 | 263 |
2022-05-01 | $319,888 (-8.6%) | $466,155 (5.4%) | 0.72 | 332 |
2022-06-01 | $334,900 (1.7%) | $473,085 (8.8%) | 0.74 | 394 |
KALAMAZOO - PORTAGE's median listing price comes in at 74% of the national average.
KALAMAZOO - PORTAGE's average listing price for 2022-06-01 was $473,085, a difference of $38,183 (8.8%) versus the prior year and $6,930 versus the prior month.
For the 2022-06-01 period, KALAMAZOO - PORTAGE had 394 MLS listings, a difference of 62 listings (19%) versus the prior month and -2 listings (-1%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - KALAMAZOO - PORTAGE (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 86 days | 1,858 sqft |
2018-02-01 | 85 days | 1,843 sqft |
2018-03-01 | 62 days | 1,956 sqft |
2018-04-01 | 53 days | 2,072 sqft |
2018-05-01 | 48 days | 2,149 sqft |
2018-06-01 | 45 days | 2,107 sqft |
2018-07-01 | 48 days | 2,070 sqft |
2018-08-01 | 48 days | 2,040 sqft |
2018-09-01 | 51 days | 2,008 sqft |
2018-10-01 | 57 days | 1,996 sqft |
2018-11-01 | 63 days | 1,947 sqft |
2018-12-01 | 73 days | 1,932 sqft |
2019-01-01 | 78 days | 1,885 sqft |
2019-02-01 | 78 days | 1,873 sqft |
2019-03-01 | 63 days | 1,969 sqft |
2019-04-01 | 48 days | 2,050 sqft |
2019-05-01 | 45 days | 2,057 sqft |
2019-06-01 | 46 days | 2,060 sqft |
2019-07-01 | 47 days | 2,066 sqft |
2019-08-01 | 49 days | 2,038 sqft |
2019-09-01 | 50 days | 2,021 sqft |
2019-10-01 | 54 days | 2,016 sqft |
2019-11-01 | 58 days | 1,975 sqft |
2019-12-01 | 72 days | 1,937 sqft |
2020-01-01 | 84 days | 1,928 sqft |
2020-02-01 | 80 days | 1,899 sqft |
2020-03-01 | 59 days | 1,977 sqft |
2020-04-01 | 68 days | 2,006 sqft |
2020-05-01 | 74 days | 2,044 sqft |
2020-06-01 | 60 days | 2,078 sqft |
2020-07-01 | 54 days | 2,069 sqft |
2020-08-01 | 52 days | 2,100 sqft |
2020-09-01 | 52 days | 2,078 sqft |
2020-10-01 | 52 days | 2,075 sqft |
2020-11-01 | 52 days | 2,058 sqft |
2020-12-01 | 61 days | 1,985 sqft |
2021-01-01 | 69 days | 1,924 sqft |
2021-02-01 | 63 days | 1,865 sqft |
2021-03-01 | 53 days | 1,983 sqft |
2021-04-01 | 48 days | 1,972 sqft |
2021-05-01 | 39 days | 2,007 sqft |
2021-06-01 | 38 days | 2,056 sqft |
2021-07-01 | 38 days | 1,959 sqft |
2021-08-01 | 39 days | 1,965 sqft |
2021-09-01 | 43 days | 1,913 sqft |
2021-10-01 | 46 days | 1,946 sqft |
2021-11-01 | 51 days | 1,852 sqft |
2021-12-01 | 54 days | 1,849 sqft |
2022-01-01 | 63 days | 1,866 sqft |
2022-02-01 | 48 days | 1,879 sqft |
2022-03-01 | 37 days | 1,863 sqft |
2022-04-01 | 38 days | 1,870 sqft |
2022-05-01 | 30 days | 1,907 sqft |
2022-06-01 | 34 days | 1,977 sqft |
KALAMAZOO - PORTAGE's median square footage for active listings during the 2022-06-01 period was 1,977 sqft. One year prior, the average listing was 2,056 sqft.