KALAMAZOO - PORTAGE Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Kalamazoo - Portage averaged
6.86%
for the week of 2023-09-21, compared to the national average of
7.19% for the same period.
The average rate for the prior week (2023-09-14) was
7.15% and
one month ago for the week of 2023-08-17, the
average rate was 6.96%.
Kalamazoo - Portage's average rate one year ago was 5.99%.
For refis of the same type during the week of 2023-09-21, the average rate
was 6.43%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
| Kalamazoo - Portage 30 Year Fixed Rate | 2023-09-21 | 6.86% |
| Kalamazoo - Portage 30 Year Fixed Rate Refi | 2023-09-21 | 6.43% |
| Kalamazoo - Portage 15 Year Fixed Rate | 2023-09-21 | 6.78% |
| Kalamazoo - Portage 15 Year Fixed Rate Refi | 2023-09-21 | 5.75% |
| Kalamazoo - Portage 30 Year FHA | 2023-09-21 | 6.5% |
| Kalamazoo - Portage 30 Year FHA Refi | 2023-09-21 | 7.04% |
| Kalamazoo - Portage 30 Year USDA | 2023-09-21 | 7.22% |
| Kalamazoo - Portage 30 Year USDA Refi | 2023-09-21 | 7.22% |
| Kalamazoo - Portage 30 Year VA | 2023-09-21 | 6.34% |
| Kalamazoo - Portage 30 Year VA Refi | 2023-09-21 | 6.92% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within KALAMAZOO-PORTAGE, MI.
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 178 lenders originated 7,753
loans during 2022. The total origination value was $1,514,285,000, with an average loan value of
$195,316.
KALAMAZOO - PORTAGE's average closing costs are $3,745.
The top KALAMAZOO - PORTAGE lender as defined by loan originations is CONSUMERS, with
463 loans originated. Their average total fees are
$3,006, which is $383
lower than the next largest lender,
LAKE MICHIGAN CREDIT UNION.
The lowest fee KALAMAZOO - PORTAGE lenders (with over 10 loans originated) are
Old National Bank ($2,317), MORTGAGE CENTER L.C ($2,557), Kellogg Community Credit Union ($2,579), Honor Credit Union ($2,798) and U.S. Bank ($2,999).
The lowest rate KALAMAZOO - PORTAGE lenders (with over 10 loans originated) are
1st Source Bank (3.84%), AMERISAVE MORTGAGE CORPORATION (3.92%), U.S. Bank (4.44%), MORTGAGE CENTER L.C (4.46%) and Honor Credit Union (4.50%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| CONSUMERS | $236,410,000 | $157,660,000 | -33.3% | 10.4% |
| LAKE MICHIGAN CREDIT UNION | $244,705,000 | $147,715,000 | -39.6% | 9.8% |
| ARBOR FINANCIAL CREDIT UNION | $135,600,000 | $100,775,000 | -25.7% | 6.7% |
| QUICKEN LOANS, LLC | $173,990,000 | $67,310,000 | -61.3% | 4.4% |
| Fifth Third Bank | $98,000,000 | $57,960,000 | -40.9% | 3.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $81,255,000 | $49,725,000 | -38.8% | 3.3% |
| Southern Michigan Bank & Trust | $13,220,000 | $48,310,000 | 265.4% | 3.2% |
| Old National Bank | $29,210,000 | $48,195,000 | 65.0% | 3.2% |
| AMERIFIRST FINANCIAL CORPORATION | $70,270,000 | $46,665,000 | -33.6% | 3.1% |
| Horizon Bank | $49,770,000 | $44,145,000 | -11.3% | 2.9% |
| ADVIA | $23,880,000 | $42,315,000 | 77.2% | 2.8% |
| MORTGAGE CENTER L.C | $66,285,000 | $39,585,000 | -40.3% | 2.6% |
| SUCCESS MORTGAGE PARTNERS, INC. | $55,005,000 | $32,490,000 | -40.9% | 2.1% |
| Honor Credit Union | $36,230,000 | $28,690,000 | -20.8% | 1.9% |
| The Huntington National Bank | $72,430,000 | $28,120,000 | -61.2% | 1.9% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $38,500,000 | $27,535,000 | -28.5% | 1.8% |
| Mercantile Bank of Michigan | $28,210,000 | $27,240,000 | -3.4% | 1.8% |
| PNC Bank | $47,425,000 | $26,505,000 | -44.1% | 1.8% |
| Kellogg Community Credit Union | $27,230,000 | $18,745,000 | -31.2% | 1.2% |
| Flagstar Bank, FSB | $24,990,000 | $17,595,000 | -29.6% | 1.2% |
| JPMorgan Chase Bank | $35,440,000 | $17,400,000 | -50.9% | 1.1% |
| WALKER & DUNLOP, LLC | $31,155,000 | $17,110,000 | -45.1% | 1.1% |
| Northpointe Bank | $31,530,000 | $12,575,000 | -60.1% | 0.8% |
| READYCAP COMMERCIAL, LLC | $1,095,000 | $11,755,000 | 973.5% | 0.8% |
| Mortgage Research Center, LLC | $17,350,000 | $11,015,000 | -36.5% | 0.7% |
| Independent Bank | $515,000 | $11,005,000 | 2,036.9% | 0.7% |
| SUMMIT HOME MORTGAGE, LLC | $28,170,000 | $10,830,000 | -61.6% | 0.7% |
| Capital One | $10,825,000 | n/a | 0.7% | |
| OAK MORTGAGE, LLC | $16,055,000 | $10,265,000 | -36.1% | 0.7% |
| KALSEE CREDIT UNION | $22,370,000 | $9,785,000 | -56.3% | 0.6% |
| Pacor Mortgage Corp | $31,335,000 | $9,675,000 | -69.1% | 0.6% |
| Wells Fargo Bank | $22,485,000 | $8,520,000 | -62.1% | 0.6% |
| Comerica Bank | $8,560,000 | $8,345,000 | -2.5% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $14,615,000 | $7,845,000 | -46.3% | 0.5% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $5,810,000 | $7,565,000 | 30.2% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $23,540,000 | $7,525,000 | -68.0% | 0.5% |
| CALIBER HOME LOANS, INC. | $19,200,000 | $7,520,000 | -60.8% | 0.5% |
| RUOFF MORTGAGE COMPANY, INC. | $14,045,000 | $6,800,000 | -51.6% | 0.4% |
| Grand River Bank | $1,270,000 | $6,290,000 | 395.3% | 0.4% |
| GUARANTEED RATE, INC. | $9,015,000 | $6,195,000 | -31.3% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,800,000 | $6,160,000 | 62.1% | 0.4% |
| Neighborhood Loans, Inc. | $5,805,000 | $6,140,000 | 5.8% | 0.4% |
| First National Bank of America | $165,000 | $6,110,000 | 3,603.0% | 0.4% |
| CONTOUR MORTGAGE CORPORATION | $7,640,000 | $6,040,000 | -20.9% | 0.4% |
| Sturgis Bank & Trust Company | $2,360,000 | $5,690,000 | 141.1% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $4,270,000 | $5,665,000 | 32.7% | 0.4% |
| Union Bank | $5,495,000 | n/a | 0.4% | |
| GVC MORTGAGE, INC. | $2,200,000 | $5,455,000 | 148.0% | 0.4% |
| OMNI Community Credit Union | $6,700,000 | $5,315,000 | -20.7% | 0.4% |
| Citizens Bank | $10,460,000 | $5,210,000 | -50.2% | 0.3% |
| Hometown Lenders, Inc. | $4,855,000 | $5,065,000 | 4.3% | 0.3% |
| 21ST MORTGAGE CORPORATION | $3,935,000 | $4,930,000 | 25.3% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $11,215,000 | $4,830,000 | -56.9% | 0.3% |
| MICHIGAN FIRST CREDIT UNION | $685,000 | $4,740,000 | 592.0% | 0.3% |
| LOANDEPOT.COM, LLC | $15,795,000 | $4,640,000 | -70.6% | 0.3% |
| MORTGAGE 1 INCORPORATED | $9,560,000 | $4,470,000 | -53.2% | 0.3% |
| HOME POINT FINANCIAL CORPORATION | $11,440,000 | $4,275,000 | -62.6% | 0.3% |
| VAN DYK MORTGAGE CORPORATION | $1,420,000 | $4,275,000 | 201.1% | 0.3% |
| 1st Source Bank | $29,885,000 | $4,210,000 | -85.9% | 0.3% |
| PENNYMAC LOAN SERVICES, LLC | $9,815,000 | $4,195,000 | -57.3% | 0.3% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $35,630,000 | $4,085,000 | -88.5% | 0.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $6,350,000 | $4,065,000 | -36.0% | 0.3% |
| NEWREZ LLC | $13,810,000 | $3,910,000 | -71.7% | 0.3% |
| Carrington Mortgage Services, LLC | $2,465,000 | $3,765,000 | 52.7% | 0.2% |
| The Farmers & Merchants State Bank | $3,745,000 | n/a | 0.2% | |
| UNION HOME MORTGAGE CORP. | $7,775,000 | $3,515,000 | -54.8% | 0.2% |
| Bank of America | $7,775,000 | $3,370,000 | -56.7% | 0.2% |
| Morgan Stanley Private Bank | $1,280,000 | $3,360,000 | 162.5% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $2,440,000 | $3,245,000 | 33.0% | 0.2% |
| GreenStone Farm Credit Services, FLCA | $3,900,000 | $3,160,000 | -19.0% | 0.2% |
| U.S. Bank | $1,665,000 | $3,160,000 | 89.8% | 0.2% |
| USAA Federal Savings Bank | $3,610,000 | $3,155,000 | -12.6% | 0.2% |
| MICHIGAN MUTUAL, INC. | $1,880,000 | $3,040,000 | 61.7% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $4,130,000 | $2,945,000 | -28.7% | 0.2% |
| Macatawa Bank | $225,000 | $2,835,000 | 1,160.0% | 0.2% |
| BMO Harris Bank | $675,000 | $2,475,000 | 266.7% | 0.2% |
| FINANCE OF AMERICA MORTGAGE LLC | $4,625,000 | $2,425,000 | -47.6% | 0.2% |
| EVERETT FINANCIAL, INC. | $830,000 | $2,380,000 | 186.7% | 0.2% |
| PREMIA MORTGAGE, LLC | $4,050,000 | $2,285,000 | -43.6% | 0.2% |
| UNITED | $4,070,000 | $2,255,000 | -44.6% | 0.1% |
| LIMA ONE CAPITAL, LLC | $920,000 | $2,205,000 | 139.7% | 0.1% |
| BROKER SOLUTIONS, INC. | $6,065,000 | $2,125,000 | -65.0% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $4,830,000 | $2,055,000 | -57.5% | 0.1% |
| BETTER MORTGAGE CORPORATION | $12,260,000 | $1,895,000 | -84.5% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $2,450,000 | $1,835,000 | -25.1% | 0.1% |
| County National Bank | $1,180,000 | $1,770,000 | 50.0% | 0.1% |
| Ally Bank | $6,075,000 | $1,735,000 | -71.4% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,780,000 | $1,735,000 | -2.5% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,105,000 | $1,700,000 | -58.6% | 0.1% |
| Chicago Mortgage Solutions LLC | $3,765,000 | $1,625,000 | -56.8% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $1,220,000 | $1,610,000 | 32.0% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $1,795,000 | $1,565,000 | -12.8% | 0.1% |
| The Dart Bank | $3,225,000 | $1,560,000 | -51.6% | 0.1% |
| NORTHERN MORTGAGE SERVICES, LLC | $2,305,000 | $1,485,000 | -35.6% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $2,615,000 | $1,470,000 | -43.8% | 0.1% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $8,100,000 | $1,350,000 | -83.3% | 0.1% |
| M&T Bank | $550,000 | $1,290,000 | 134.5% | 0.1% |
| NEW DAY FINANCIAL, LLC | $3,195,000 | $1,270,000 | -60.3% | 0.1% |
| Notre Dame Federal Credit Union Corporation | $285,000 | $1,260,000 | 342.1% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $2,015,000 | $1,140,000 | -43.4% | 0.1% |
| AMERICAN FINANCING CORPORATION | $895,000 | $1,120,000 | 25.1% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $1,505,000 | $1,065,000 | -29.2% | 0.1% |
| MARSHALL COMMUNITY CREDIT UNION | $4,565,000 | $985,000 | -78.4% | 0.1% |
| North American Savings Bank, F.S.B. | $1,135,000 | $975,000 | -14.1% | 0.1% |
| First Merchants Bank | $935,000 | n/a | 0.1% | |
| KELLER MORTGAGE, LLC | $1,050,000 | $920,000 | -12.4% | 0.1% |
| Southern Bank | $1,155,000 | $915,000 | -20.8% | 0.1% |
| PLANET HOME LENDING, LLC | $460,000 | $855,000 | 85.9% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $2,020,000 | $835,000 | -58.7% | 0.1% |
| Figure Lending LLC | $745,000 | $820,000 | 10.1% | 0.1% |
| United Bay Community Credit Union | $1,750,000 | $820,000 | -53.1% | 0.1% |
| KeyBank | $3,195,000 | $800,000 | -75.0% | 0.1% |
| INLANTA MORTGAGE, INC. | $3,440,000 | $790,000 | -77.0% | 0.1% |
| DOW CHEMICAL EMPLOYEES' | $1,245,000 | $780,000 | -37.3% | 0.1% |
| Discover Bank | $530,000 | $775,000 | 46.2% | 0.1% |
| FirstBank | $1,860,000 | $770,000 | -58.6% | 0.1% |
| STAUNTON FINANCIAL, INC. | $1,675,000 | $750,000 | -55.2% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $2,485,000 | $745,000 | -70.0% | 0.0% |
| FINANCIAL PLUS CREDIT UNION | $710,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,625,000 | $700,000 | -56.9% | 0.0% |
| Northwest Bank | $175,000 | $685,000 | 291.4% | 0.0% |
| AMERICAN ADVISORS GROUP | $230,000 | $655,000 | 184.8% | 0.0% |
| Citibank | $1,340,000 | $655,000 | -51.1% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $1,000,000 | $650,000 | -35.0% | 0.0% |
| First Farmers Bank and Trust Company | $645,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $630,000 | n/a | 0.0% | |
| First Guaranty Mortgage Corporation | $2,800,000 | $630,000 | -77.5% | 0.0% |
| ZILLOW HOME LOANS, LLC | $1,010,000 | $630,000 | -37.6% | 0.0% |
| CMG MORTGAGE, INC. | $605,000 | n/a | 0.0% | |
| Nations Lending Corporation | $605,000 | $600,000 | -0.8% | 0.0% |
| United Bank of Michigan | $6,520,000 | $585,000 | -91.0% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $810,000 | $580,000 | -28.4% | 0.0% |
| Platinum Home Mortgage Corporation | $225,000 | $560,000 | 148.9% | 0.0% |
| ROSS MORTGAGE CORPORATION | $390,000 | $550,000 | 41.0% | 0.0% |
| First Savings Bank | $520,000 | n/a | 0.0% | |
| PFCU | $510,000 | n/a | 0.0% | |
| NATIONS DIRECT MORTGAGE, LLC | $300,000 | $500,000 | 66.7% | 0.0% |
| Plains Commerce Bank | $785,000 | $500,000 | -36.3% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $1,845,000 | $500,000 | -72.9% | 0.0% |
| LAFCU | $165,000 | $490,000 | 197.0% | 0.0% |
| SPRING EQ, LLC | $480,000 | $490,000 | 2.1% | 0.0% |
| LOANPAL, LLC | $660,000 | $485,000 | -26.5% | 0.0% |
| Lakeview Community Capital, LLC | $650,000 | $475,000 | -26.9% | 0.0% |
| Key Mortgage Services, Inc. | $375,000 | $465,000 | 24.0% | 0.0% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $520,000 | $455,000 | -12.5% | 0.0% |
| PREFERRED CREDIT UNION | $830,000 | $445,000 | -46.4% | 0.0% |
| ACADEMY MORTGAGE CORPORATION | $515,000 | $440,000 | -14.6% | 0.0% |
| Equity Prime Mortgage LLC | $225,000 | $425,000 | 88.9% | 0.0% |
| Highpoint Community Bank | $770,000 | $425,000 | -44.8% | 0.0% |
| CITIZENS EQUITY FIRST | $420,000 | n/a | 0.0% | |
| Cornerstone National Bank & Trust Company | $405,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $680,000 | $405,000 | -40.4% | 0.0% |
| Austin Capital Bank SSB | $400,000 | n/a | 0.0% | |
| ChoiceOne Bank | $1,520,000 | $395,000 | -74.0% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $1,670,000 | $390,000 | -76.6% | 0.0% |
| HomePromise Corporation | $385,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $915,000 | $385,000 | -57.9% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $470,000 | $380,000 | -19.1% | 0.0% |
| THE MORTGAGE FIRM, INC. | $380,000 | n/a | 0.0% | |
| GUIDANCE RESIDENTIAL, LLC | $580,000 | $375,000 | -35.3% | 0.0% |
| UNIVERSITY LENDING GROUP, LLC | $1,315,000 | $375,000 | -71.5% | 0.0% |
| UIF CORPORATION | $1,030,000 | $360,000 | -65.0% | 0.0% |
| The Federal Savings Bank | $700,000 | $355,000 | -49.3% | 0.0% |
| American Airlines Federal Credit Union | $350,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $345,000 | $345,000 | 0.0% | 0.0% |
| Baxter Credit Union | $410,000 | $335,000 | -18.3% | 0.0% |
| ENVOY MORTGAGE, LTD | $235,000 | $325,000 | 38.3% | 0.0% |
| RESIDENTIAL BANCORP. | $645,000 | $325,000 | -49.6% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $175,000 | $320,000 | 82.9% | 0.0% |
| ANGEL OAK HOME LOANS LLC | $315,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $675,000 | $310,000 | -54.1% | 0.0% |
| MOVEMENT MORTGAGE, LLC | $1,565,000 | $310,000 | -80.2% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $350,000 | $310,000 | -11.4% | 0.0% |
| Paramount Residential Mortgage Group, Inc. | $905,000 | $310,000 | -65.7% | 0.0% |
| AMERICAN FINANCE HOUSE LARIBA | $305,000 | n/a | 0.0% | |
| LEGEND LENDING CORPORATION | $305,000 | n/a | 0.0% | |
| Prosperity Home Mortgage, LLC | $285,000 | n/a | 0.0% | |
| Core Bank | $275,000 | n/a | 0.0% | |
| First Federal Savings Bank | $275,000 | n/a | 0.0% | |
| Wyndham Capital Mortgage, Inc. | $2,235,000 | $270,000 | -87.9% | 0.0% |
| AAC Credit Union | $125,000 | $265,000 | 112.0% | 0.0% |
| COMMUNITYAMERICA | $265,000 | n/a | 0.0% | |
| Centier Bank | $695,000 | $260,000 | -62.6% | 0.0% |
| BLG HOLDINGS, INC. | $440,000 | $255,000 | -42.0% | 0.0% |
| GEORGIA'S OWN | $255,000 | n/a | 0.0% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $85,000 | $255,000 | 200.0% | 0.0% |
| Magnolia Bank | $255,000 | n/a | 0.0% | |
| REVERSE MORTGAGE FUNDING LLC | $255,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $255,000 | n/a | 0.0% | |
| Bankers Trust Company | $245,000 | n/a | 0.0% | |
| COMMUNITY FINANCIAL CREDIT UNION | $245,000 | n/a | 0.0% | |
| GreenStone Farm Credit Services, ACA | $25,000 | $245,000 | 880.0% | 0.0% |
| HANCOCK MORTGAGE PARTNERS, LLC | $85,000 | $245,000 | 188.2% | 0.0% |
| Low VA Rates, LLC | $730,000 | $245,000 | -66.4% | 0.0% |
| First State Bank | $235,000 | n/a | 0.0% | |
| GUILD MORTGAGE COMPANY | $235,000 | n/a | 0.0% | |
| Arvest Bank | $230,000 | n/a | 0.0% | |
| MICHIGAN SCHOOLS AND GOVERNMENT | $945,000 | $225,000 | -76.2% | 0.0% |
| MORTGAGE ACCESS CORP. | $225,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $1,205,000 | $225,000 | -81.3% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $3,980,000 | $220,000 | -94.5% | 0.0% |
| Frankenmuth Credit Union | $245,000 | $215,000 | -12.2% | 0.0% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $215,000 | n/a | 0.0% | |
| STAR ONE CREDIT UNION | $215,000 | n/a | 0.0% | |
| UMB Bank | $215,000 | n/a | 0.0% | |
| CREDIT UNION ONE | $185,000 | $210,000 | 13.5% | 0.0% |
| ALLIANT CREDIT UNION | $310,000 | $205,000 | -33.9% | 0.0% |
| Dearborn Federal Savings Bank | $205,000 | n/a | 0.0% | |
| DIRECT MORTGAGE LOANS, LLC | $205,000 | n/a | 0.0% | |
| PROPER RATE, LLC | $590,000 | $205,000 | -65.3% | 0.0% |
| MMS MORTGAGE SERVICES, LTD. | $1,155,000 | $195,000 | -83.1% | 0.0% |
| TOWNE MORTGAGE COMPANY | $85,000 | $195,000 | 129.4% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $460,000 | $190,000 | -58.7% | 0.0% |
| IMPAC MORTGAGE CORP. | $185,000 | n/a | 0.0% | |
| MICHIGAN ONE COMMUNITY Credit Union | $135,000 | $185,000 | 37.0% | 0.0% |
| Sunflower Bank | $185,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $1,740,000 | $185,000 | -89.4% | 0.0% |
| LENDINGONE, LLC | $180,000 | n/a | 0.0% | |
| Associated Bank | $1,850,000 | $175,000 | -90.5% | 0.0% |
| OCMBC, INC. | $175,000 | $175,000 | 0.0% | 0.0% |
| Peoples Bank | $125,000 | $175,000 | 40.0% | 0.0% |
| UNIVERSITY OF MICHIGAN CREDIT UNION | $365,000 | $170,000 | -53.4% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $340,000 | $165,000 | -51.5% | 0.0% |
| AmeriHome Mortgage Company, LLC | $2,010,000 | $165,000 | -91.8% | 0.0% |
| CANOPY MORTGAGE, LLC | $470,000 | $165,000 | -64.9% | 0.0% |
| First Bank | $165,000 | n/a | 0.0% | |
| Ixonia Bank | $780,000 | $165,000 | -78.8% | 0.0% |
| MORIA DEVELOPMENT, INC. | $395,000 | $165,000 | -58.2% | 0.0% |
| Northwest Federal Credit Union | $165,000 | n/a | 0.0% | |
| Truist | $165,000 | n/a | 0.0% | |
| COMMUNITY CHOICE CREDIT UNION | $35,000 | $155,000 | 342.9% | 0.0% |
| MEMBERS FIRST Credit Union | $490,000 | $155,000 | -68.4% | 0.0% |
| First Financial Bank | $135,000 | $145,000 | 7.4% | 0.0% |
| FIRST STATE MORTGAGE SERVICES, LLC | $335,000 | $145,000 | -56.7% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $145,000 | n/a | 0.0% | |
| ON Q FINANCIAL, INC. | $145,000 | n/a | 0.0% | |
| ONY GLO, INC. | $345,000 | $145,000 | -58.0% | 0.0% |
| T2 FINANCIAL LLC | $520,000 | $145,000 | -72.1% | 0.0% |
| The Loan Store, Inc. | $145,000 | n/a | 0.0% | |
| Community West Credit Union | $125,000 | $125,000 | 0.0% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $45,000 | $125,000 | 177.8% | 0.0% |
| SOFI LENDING CORP. | $745,000 | $125,000 | -83.2% | 0.0% |
| Dort Financial Credit Union | $115,000 | n/a | 0.0% | |
| DFCU FINANCIAL | $540,000 | $110,000 | -79.6% | 0.0% |
| Lake Trust Credit Union | $110,000 | n/a | 0.0% | |
| CIVIC FINANCIAL SERVICES, LLC | $105,000 | n/a | 0.0% | |
| FAY SERVICING, LLC | $105,000 | n/a | 0.0% | |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $105,000 | n/a | 0.0% | |
| People Driven Credit Union | $105,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $105,000 | n/a | 0.0% | |
| AMCAP MORTGAGE, LTD. | $95,000 | n/a | 0.0% | |
| Consumers Professional Credit Union | $95,000 | n/a | 0.0% | |
| First Federal Bank of the Midwest | $95,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $95,000 | n/a | 0.0% | |
| GENISYS | $7,210,000 | $95,000 | -98.7% | 0.0% |
| HOMESITE MORTGAGE, LLC | $95,000 | n/a | 0.0% | |
| RBC Bank, (Georgia) | $225,000 | $95,000 | -57.8% | 0.0% |
| TEACHERS CREDIT UNION | $655,000 | $80,000 | -87.8% | 0.0% |
| TOWER | $80,000 | n/a | 0.0% | |
| Colonial Savings, F.A. | $315,000 | $75,000 | -76.2% | 0.0% |
| EQUITY RESOURCES, INC. | $65,000 | n/a | 0.0% | |
| PURDUE FEDERAL CREDIT UNION | $215,000 | $65,000 | -69.8% | 0.0% |
| Secured Investment Corp. | $65,000 | n/a | 0.0% | |
| First Federal Savings Bank | $55,000 | n/a | 0.0% | |
| STAR USA FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| TLC COMMUNITY Credit Union | $145,000 | $35,000 | -75.9% | 0.0% |
| BayCoast Bank | $35,000 | $25,000 | -28.6% | 0.0% |
| CoVantage Credit Union | $25,000 | n/a | 0.0% |
KALAMAZOO - PORTAGE's top lender by overall market share is CONSUMERS, with 10.4% market share. In second place, with 9.8%, is LAKE MICHIGAN CREDIT UNION, having originated $147,715,000 in loans. In third place, with 6.7%, is ARBOR FINANCIAL CREDIT UNION, having originated $100,775,000 in loans. In fourth place, with 4.4%, is QUICKEN LOANS, LLC, having originated $67,310,000 in loans. In fifth place, with 3.8%, is Fifth Third Bank, having originated $57,960,000 in loans.
KALAMAZOO - PORTAGE Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - KALAMAZOO - PORTAGE (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 | $196,250 (-2.6%) | $273,353 (-12.6%) | 0.73 | 550 |
| 2018-02-01 | $207,225 (-14.7%) | $282,733 (-15.2%) | 0.75 | 502 |
| 2018-03-01 | $240,000 (-5.3%) | $324,828 (-6.2%) | 0.84 | 469 |
| 2018-04-01 | $268,950 (-0.4%) | $340,615 (-3.6%) | 0.91 | 476 |
| 2018-05-01 | $279,900 (9.8%) | $339,984 (1.3%) | 0.93 | 526 |
| 2018-06-01 | $272,875 (13.7%) | $335,654 (7.2%) | 0.91 | 581 |
| 2018-07-01 | $253,900 (6.2%) | $319,017 (2.3%) | 0.85 | 623 |
| 2018-08-01 | $239,900 (6.7%) | $305,566 (2.8%) | 0.80 | 712 |
| 2018-09-01 | $230,000 (7.0%) | $292,594 (0.6%) | 0.77 | 768 |
| 2018-10-01 | $229,900 (7.0%) | $292,045 (0.7%) | 0.78 | 787 |
| 2018-11-01 | $228,250 (14.2%) | $296,898 (4.7%) | 0.77 | 744 |
| 2018-12-01 | $229,000 (14.6%) | $295,655 (5.9%) | 0.79 | 654 |
| 2019-01-01 | $224,900 (14.6%) | $294,463 (7.7%) | 0.78 | 593 |
| 2019-02-01 | $229,450 (10.7%) | $307,876 (8.9%) | 0.78 | 528 |
| 2019-03-01 | $256,214 (6.8%) | $331,709 (2.1%) | 0.84 | 510 |
| 2019-04-01 | $279,900 (4.1%) | $354,322 (4.0%) | 0.89 | 521 |
| 2019-05-01 | $291,325 (4.1%) | $362,341 (6.6%) | 0.91 | 534 |
| 2019-06-01 | $274,950 (0.8%) | $353,251 (5.2%) | 0.86 | 615 |
| 2019-07-01 | $260,600 (2.6%) | $338,074 (6.0%) | 0.82 | 663 |
| 2019-08-01 | $247,245 (3.1%) | $326,168 (6.7%) | 0.78 | 725 |
| 2019-09-01 | $243,114 (5.7%) | $317,702 (8.6%) | 0.78 | 770 |
| 2019-10-01 | $239,900 (4.4%) | $310,276 (6.2%) | 0.77 | 795 |
| 2019-11-01 | $234,900 (2.9%) | $299,324 (0.8%) | 0.77 | 739 |
| 2019-12-01 | $229,900 (0.4%) | $297,442 (0.6%) | 0.77 | 641 |
| 2020-01-01 | $230,000 (2.3%) | $302,260 (2.7%) | 0.77 | 572 |
| 2020-02-01 | $249,500 (8.7%) | $308,496 (0.2%) | 0.82 | 541 |
| 2020-03-01 | $281,150 (9.7%) | $339,347 (2.3%) | 0.88 | 494 |
| 2020-04-01 | $289,900 (3.6%) | $345,472 (-2.5%) | 0.91 | 491 |
| 2020-05-01 | $299,953 (3.0%) | $369,309 (1.9%) | 0.91 | 501 |
| 2020-06-01 | $312,975 (13.8%) | $377,930 (7.0%) | 0.92 | 483 |
| 2020-07-01 | $297,700 (14.2%) | $365,692 (8.2%) | 0.86 | 471 |
| 2020-08-01 | $297,250 (20.2%) | $353,736 (8.5%) | 0.85 | 446 |
| 2020-09-01 | $289,894 (19.2%) | $345,386 (8.7%) | 0.83 | 422 |
| 2020-10-01 | $299,000 (24.6%) | $349,504 (12.6%) | 0.86 | 395 |
| 2020-11-01 | $301,975 (28.6%) | $358,872 (19.9%) | 0.88 | 369 |
| 2020-12-01 | $296,740 (29.1%) | $352,676 (18.6%) | 0.88 | 321 |
| 2021-01-01 | $286,950 (24.8%) | $353,740 (17.0%) | 0.86 | 264 |
| 2021-02-01 | $307,750 (23.4%) | $369,472 (19.8%) | 0.90 | 227 |
| 2021-03-01 | $327,450 (16.5%) | $380,188 (12.0%) | 0.93 | 214 |
| 2021-04-01 | $334,845 (15.5%) | $390,657 (13.1%) | 0.91 | 213 |
| 2021-05-01 | $340,000 (13.4%) | $379,376 (2.7%) | 0.90 | 235 |
| 2021-06-01 | $314,975 (0.6%) | $362,478 (-4.1%) | 0.83 | 259 |
| 2021-07-01 | $298,444 (0.3%) | $349,615 (-4.4%) | 0.79 | 298 |
| 2021-08-01 | $293,475 (-1.3%) | $358,530 (1.4%) | 0.78 | 326 |
| 2021-09-01 | $281,250 (-3.0%) | $356,149 (3.1%) | 0.75 | 328 |
| 2021-10-01 | $279,900 (-6.4%) | $361,308 (3.4%) | 0.75 | 320 |
| 2021-11-01 | $270,200 (-10.5%) | $357,492 (-0.4%) | 0.72 | 293 |
| 2021-12-01 | $258,450 (-12.9%) | $345,859 (-1.9%) | 0.70 | 219 |
| 2022-01-01 | $271,000 (-5.6%) | $350,880 (-0.8%) | 0.73 | 146 |
| 2022-02-01 | $307,400 (-0.1%) | $366,488 (-0.8%) | 0.80 | 146 |
| 2022-03-01 | $299,700 (-8.5%) | $369,024 (-2.9%) | 0.75 | 152 |
| 2022-04-01 | $329,000 (-1.8%) | $399,888 (2.4%) | 0.78 | 160 |
| 2022-05-01 | $303,704 (-10.7%) | $411,225 (8.4%) | 0.69 | 210 |
| 2022-06-01 | $326,225 (3.6%) | $418,185 (15.4%) | 0.73 | 255 |
| 2022-07-01 | $310,000 (3.9%) | $403,187 (15.3%) | 0.70 | 318 |
| 2022-08-01 | $291,250 (-0.8%) | $384,345 (7.2%) | 0.67 | 364 |
| 2022-09-01 | $295,000 (4.9%) | $382,339 (7.4%) | 0.69 | 339 |
| 2022-10-01 | $288,250 (3.0%) | $379,030 (4.9%) | 0.68 | 389 |
| 2022-11-01 | $279,945 (3.6%) | $359,967 (0.7%) | 0.67 | 397 |
| 2022-12-01 | $275,000 (6.4%) | $357,273 (3.3%) | 0.68 | 333 |
| 2023-01-01 | $295,993 (9.2%) | $381,584 (8.8%) | 0.73 | 276 |
| 2023-02-01 | $304,700 (-0.9%) | $393,334 (7.3%) | 0.74 | 252 |
| 2023-03-01 | $294,500 (-1.7%) | $396,738 (7.5%) | 0.69 | 227 |
| 2023-04-01 | $345,000 (4.9%) | $449,114 (12.3%) | 0.80 | 223 |
| 2023-05-01 | $334,900 (10.3%) | $429,679 (4.5%) | 0.76 | 249 |
| 2023-06-01 | $331,627 (1.7%) | $421,615 (0.8%) | 0.75 | 296 |
| 2023-07-01 | $325,000 (4.8%) | $420,275 (4.2%) | 0.74 | 326 |
| 2023-08-01 | $318,900 (9.5%) | $401,405 (4.4%) | 0.73 | 344 |
KALAMAZOO - PORTAGE's median listing price for 2023-08-01 was $318,900, a difference of
$27,650
(9.5%) versus the prior year and
$-6,100 versus the prior month.
KALAMAZOO - PORTAGE's median listing price comes in at 73% of the national average.
KALAMAZOO - PORTAGE's average listing price for 2023-08-01 was $401,405, a difference of $17,060 (4.4%) versus the prior year and $-18,870 versus the prior month.
For the 2023-08-01 period, KALAMAZOO - PORTAGE had 344 MLS listings, a difference of 18 listings (6%) versus the prior month and -20 listings (-5%) versus the prior year.
KALAMAZOO - PORTAGE's median listing price comes in at 73% of the national average.
KALAMAZOO - PORTAGE's average listing price for 2023-08-01 was $401,405, a difference of $17,060 (4.4%) versus the prior year and $-18,870 versus the prior month.
For the 2023-08-01 period, KALAMAZOO - PORTAGE had 344 MLS listings, a difference of 18 listings (6%) versus the prior month and -20 listings (-5%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - KALAMAZOO - PORTAGE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 68 days | 1,902 sqft |
| 2018-02-01 | 61 days | 1,951 sqft |
| 2018-03-01 | 44 days | 2,100 sqft |
| 2018-04-01 | 38 days | 2,253 sqft |
| 2018-05-01 | 31 days | 2,356 sqft |
| 2018-06-01 | 32 days | 2,291 sqft |
| 2018-07-01 | 36 days | 2,238 sqft |
| 2018-08-01 | 32 days | 2,142 sqft |
| 2018-09-01 | 39 days | 2,121 sqft |
| 2018-10-01 | 45 days | 2,052 sqft |
| 2018-11-01 | 50 days | 1,997 sqft |
| 2018-12-01 | 59 days | 2,012 sqft |
| 2019-01-01 | 66 days | 1,944 sqft |
| 2019-02-01 | 57 days | 1,923 sqft |
| 2019-03-01 | 46 days | 2,063 sqft |
| 2019-04-01 | 36 days | 2,180 sqft |
| 2019-05-01 | 32 days | 2,256 sqft |
| 2019-06-01 | 31 days | 2,224 sqft |
| 2019-07-01 | 34 days | 2,197 sqft |
| 2019-08-01 | 39 days | 2,119 sqft |
| 2019-09-01 | 41 days | 2,097 sqft |
| 2019-10-01 | 42 days | 2,076 sqft |
| 2019-11-01 | 45 days | 2,048 sqft |
| 2019-12-01 | 62 days | 2,002 sqft |
| 2020-01-01 | 70 days | 2,004 sqft |
| 2020-02-01 | 62 days | 1,983 sqft |
| 2020-03-01 | 50 days | 2,064 sqft |
| 2020-04-01 | 56 days | 2,078 sqft |
| 2020-05-01 | 65 days | 2,196 sqft |
| 2020-06-01 | 44 days | 2,300 sqft |
| 2020-07-01 | 45 days | 2,193 sqft |
| 2020-08-01 | 46 days | 2,227 sqft |
| 2020-09-01 | 46 days | 2,085 sqft |
| 2020-10-01 | 44 days | 2,075 sqft |
| 2020-11-01 | 47 days | 2,075 sqft |
| 2020-12-01 | 55 days | 2,060 sqft |
| 2021-01-01 | 58 days | 1,900 sqft |
| 2021-02-01 | 51 days | 1,887 sqft |
| 2021-03-01 | 45 days | 1,980 sqft |
| 2021-04-01 | 38 days | 2,008 sqft |
| 2021-05-01 | 30 days | 2,005 sqft |
| 2021-06-01 | 32 days | 2,048 sqft |
| 2021-07-01 | 32 days | 1,988 sqft |
| 2021-08-01 | 34 days | 2,014 sqft |
| 2021-09-01 | 39 days | 1,965 sqft |
| 2021-10-01 | 39 days | 1,904 sqft |
| 2021-11-01 | 43 days | 1,880 sqft |
| 2021-12-01 | 48 days | 1,770 sqft |
| 2022-01-01 | 55 days | 1,800 sqft |
| 2022-02-01 | 33 days | 1,834 sqft |
| 2022-03-01 | 31 days | 1,809 sqft |
| 2022-04-01 | 32 days | 1,811 sqft |
| 2022-05-01 | 25 days | 1,849 sqft |
| 2022-06-01 | 28 days | 1,898 sqft |
| 2022-07-01 | 31 days | 1,873 sqft |
| 2022-08-01 | 33 days | 1,939 sqft |
| 2022-09-01 | 42 days | 1,976 sqft |
| 2022-10-01 | 39 days | 1,905 sqft |
| 2022-11-01 | 41 days | 1,880 sqft |
| 2022-12-01 | 54 days | 1,794 sqft |
| 2023-01-01 | 52 days | 1,805 sqft |
| 2023-02-01 | 42 days | 1,780 sqft |
| 2023-03-01 | 44 days | 1,741 sqft |
| 2023-04-01 | 44 days | 1,855 sqft |
| 2023-05-01 | 33 days | 1,842 sqft |
| 2023-06-01 | 33 days | 1,835 sqft |
| 2023-07-01 | 37 days | 1,832 sqft |
| 2023-08-01 | 35 days | 1,851 sqft |
KALAMAZOO - PORTAGE's median listing age (time on market) for 2023-08-01 was 35 days.
This
is 8%
longer
than the same period one year ago.
KALAMAZOO - PORTAGE's median square footage for active listings during the 2023-08-01 period was 1,851 sqft. One year prior, the average listing was 1,939 sqft.
KALAMAZOO - PORTAGE's median square footage for active listings during the 2023-08-01 period was 1,851 sqft. One year prior, the average listing was 1,939 sqft.
KALAMAZOO-PORTAGE, MI Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 49001 | Kalamazoo-Portage, MI | $600 | $700 | $860 | $1,130 | $1,230 |
| 49002 | Kalamazoo-Portage, MI | $560 | $640 | $800 | $1,060 | $1,140 |
| 49003 | Kalamazoo-Portage, MI | $620 | $720 | $890 | $1,170 | $1,270 |
| 49004 | Kalamazoo-Portage, MI | $680 | $790 | $980 | $1,290 | $1,400 |
| 49005 | Kalamazoo-Portage, MI | $620 | $720 | $890 | $1,170 | $1,270 |
| 49006 | Kalamazoo-Portage, MI | $600 | $700 | $860 | $1,130 | $1,230 |
| 49007 | Kalamazoo-Portage, MI | $600 | $700 | $860 | $1,130 | $1,230 |
| 49008 | Kalamazoo-Portage, MI | $580 | $670 | $830 | $1,100 | $1,180 |
| 49009 | Kalamazoo-Portage, MI | $660 | $770 | $950 | $1,250 | $1,350 |
| 49011 | Kalamazoo-Portage, MI | $650 | $720 | $910 | $1,180 | $1,280 |
| 49012 | Kalamazoo-Portage, MI | $590 | $680 | $840 | $1,110 | $1,200 |
| 49015 | Kalamazoo-Portage, MI | $680 | $760 | $950 | $1,230 | $1,340 |
| 49019 | Kalamazoo-Portage, MI | $620 | $720 | $890 | $1,170 | $1,270 |
| 49024 | Kalamazoo-Portage, MI | $680 | $780 | $970 | $1,280 | $1,380 |
| 49034 | Kalamazoo-Portage, MI | $560 | $640 | $800 | $1,060 | $1,140 |
| 49041 | Kalamazoo-Portage, MI | $620 | $720 | $890 | $1,170 | $1,270 |
| 49048 | Kalamazoo-Portage, MI | $610 | $710 | $880 | $1,160 | $1,250 |
| 49052 | Kalamazoo-Portage, MI | $560 | $640 | $800 | $1,060 | $1,140 |
| 49053 | Kalamazoo-Portage, MI | $560 | $640 | $800 | $1,060 | $1,140 |
| 49060 | Kalamazoo-Portage, MI | $720 | $790 | $980 | $1,280 | $1,390 |
| 49065 | Kalamazoo-Portage, MI | $620 | $720 | $890 | $1,170 | $1,260 |
| 49071 | Kalamazoo-Portage, MI | $680 | $780 | $970 | $1,280 | $1,380 |
| 49072 | Kalamazoo-Portage, MI | $620 | $720 | $890 | $1,170 | $1,270 |
| 49074 | Kalamazoo-Portage, MI | $560 | $640 | $800 | $1,060 | $1,140 |
| 49077 | Kalamazoo-Portage, MI | $620 | $720 | $890 | $1,170 | $1,270 |
| 49078 | Kalamazoo-Portage, MI | $580 | $670 | $830 | $1,100 | $1,180 |
| 49080 | Kalamazoo-Portage, MI | $600 | $700 | $860 | $1,130 | $1,230 |
| 49081 | Kalamazoo-Portage, MI | $620 | $720 | $890 | $1,170 | $1,270 |
| 49083 | Kalamazoo-Portage, MI | $560 | $650 | $800 | $1,060 | $1,140 |
| 49087 | Kalamazoo-Portage, MI | $560 | $640 | $800 | $1,060 | $1,140 |
| 49088 | Kalamazoo-Portage, MI | $840 | $970 | $1,200 | $1,580 | $1,710 |
| 49097 | Kalamazoo-Portage, MI | $580 | $670 | $830 | $1,100 | $1,180 |
2022 Average & Median Rent Data Statistics
KALAMAZOO-PORTAGE, MI average 1BR rent: $713, median: $715
KALAMAZOO-PORTAGE, MI average 2BR rent: $884, median: $885
KALAMAZOO-PORTAGE, MI average 3BR rent: $1,164, median: $1,165
KALAMAZOO-PORTAGE, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,535 | $895,245,000 | $253,252 |
| Refi | 1,339 | $261,005,000 | $194,925 |
| Cash Out Refi | 1,155 | $212,725,000 | $184,177 |
| Home Improvement | 1,028 | $79,160,000 | $77,004 |
| Other | 696 | $66,150,000 | $95,043 |
Kalamazoo - Portage's most frequently cited loan purpose was Home Purchase, with 3,535 originations. The 2nd most popular reason was Refi, with 1,339 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1,857 | $344,115,000 | $185,307 |
| 3-4% | 1,692 | $348,750,000 | $206,117 |
| 4-5% | 1,689 | $425,365,000 | $251,844 |
| 6-7% | 1,052 | $171,090,000 | $162,633 |
| 2.5-3% | 565 | $96,165,000 | $170,204 |
| 7-8% | 342 | $36,780,000 | $107,544 |
| <2.5% | 299 | $49,805,000 | $166,572 |
| Over 8% | 203 | $14,025,000 | $69,089 |
During 2022, Kalamazoo - Portage's most frequently originated rate bucket was 5-6%, with 1,857 originations.
Loan Sizing (KALAMAZOO-PORTAGE, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 2,700 | $394,000,000 | $145,926 |
| $100,000 or less | 2,568 | $140,520,000 | $54,720 |
| $200k-400k | 1,999 | $541,625,000 | $270,948 |
| $400k-600k | 326 | $153,440,000 | $470,675 |
| $600k-1000k | 108 | $77,950,000 | $721,759 |
| $Over $1MM | 52 | $206,750,000 | $3,975,962 |
KALAMAZOO - PORTAGE's loan sizing saw the bucket of loans from $100k-200k with 2,700 originations, totaling $394,000,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,676 | $672,030,000 | $251,132 |
| 60-80% | 1,966 | $473,130,000 | $240,656 |
| Under 20% | 1,078 | $48,920,000 | $45,380 |
| 20-40% | 1,022 | $90,550,000 | $88,601 |
| 40-60% | 885 | $198,395,000 | $224,175 |
| Over 100% | 37 | $10,135,000 | $273,919 |
KALAMAZOO - PORTAGE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,676 originations, totaling $672,030,000 in origination value.