LANSING - EAST LANSING Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Lansing - East Lansing averaged
6.83%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.56% and
one month ago for the week of 2024-10-03, the
average rate was 6.26%.
Lansing - East Lansing's average rate one year ago was 7.8%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.62%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Lansing - East Lansing 30 Year Fixed Rate | 2024-11-07 | 6.83% |
| Lansing - East Lansing 30 Year Fixed Rate Refi | 2024-11-07 | 7.62% |
| Lansing - East Lansing 15 Year Fixed Rate | 2024-11-07 | 6.75% |
| Lansing - East Lansing 15 Year Fixed Rate Refi | 2024-11-07 | 6% |
| Lansing - East Lansing 30 Year FHA | 2024-11-07 | 6.38% |
| Lansing - East Lansing 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Lansing - East Lansing 30 Year USDA | 2024-11-07 | 6.34% |
| Lansing - East Lansing 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Lansing - East Lansing 30 Year VA | 2024-11-07 | 6.45% |
| Lansing - East Lansing 30 Year VA Refi | 2024-11-07 | 6.44% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within LANSING-EAST LANSING, MI.
LANSING - EAST LANSING 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 LANSING-EAST LANSING, 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.).
LANSING - EAST LANSING Average Closing Costs & Other Stats
LANSING-EAST LANSING, MI's 212 lenders originated 9,410
loans during 2023. The total origination value was $1,754,650,000, with an average loan value of
$186,467.
LANSING - EAST LANSING's average closing costs are $3,980.
The top LANSING - EAST LANSING lender as defined by loan originations is The Dart Bank, with
500 loans originated. Their average total fees are
$3,580, which is $64
lower than the next largest lender,
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION.
The lowest fee LANSING - EAST LANSING lenders (with over 10 loans originated) are
Bank of America ($2,210), VAN DYK MORTGAGE CORPORATION ($2,671), PFCU ($2,775), MICHIGAN SCHOOLS AND GOVERNMENT ($2,801) and Dort Financial Credit Union ($2,951).
The lowest rate LANSING - EAST LANSING lenders (with over 10 loans originated) are
MICHIGAN SCHOOLS AND GOVERNMENT (5.67%), LAFCU (6.03%), Bank of America (6.09%), MORTGAGE CENTER L.C (6.28%) and Dort Financial Credit Union (6.44%).
LANSING-EAST LANSING, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $304,400,000 | $178,175,000 | -41.5% | 10.2% |
| The Dart Bank | $248,340,000 | $175,065,000 | -29.5% | 10.0% |
| QUICKEN LOANS, LLC | $168,085,000 | $111,030,000 | -33.9% | 6.3% |
| UNION HOME MORTGAGE CORP. | $111,200,000 | $89,850,000 | -19.2% | 5.1% |
| GREYSTONE SERVICING COMPANY LLC | $68,790,000 | $84,510,000 | 22.9% | 4.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $93,235,000 | $78,745,000 | -15.5% | 4.5% |
| Flagstar Bank, FSB | $100,625,000 | $65,720,000 | -34.7% | 3.7% |
| The Huntington National Bank | $59,465,000 | $42,365,000 | -28.8% | 2.4% |
| Santander Bank, N.A. | $39,460,000 | n/a | 2.2% | |
| Fifth Third Bank | $84,250,000 | $38,475,000 | -54.3% | 2.2% |
| Arbor Realty Trust, Inc. | $61,510,000 | $35,420,000 | -42.4% | 2.0% |
| MORTGAGE 1 INCORPORATED | $31,565,000 | $27,275,000 | -13.6% | 1.6% |
| PNC Bank | $79,795,000 | $24,570,000 | -69.2% | 1.4% |
| LAKE MICHIGAN CREDIT UNION | $32,115,000 | $23,465,000 | -26.9% | 1.3% |
| Independent Bank | $32,840,000 | $21,725,000 | -33.8% | 1.2% |
| WALKER & DUNLOP, LLC | $43,420,000 | $21,025,000 | -51.6% | 1.2% |
| Mortgage Research Center, LLC | $26,825,000 | $20,905,000 | -22.1% | 1.2% |
| GreenStone Farm Credit Services, FLCA | $22,965,000 | $20,685,000 | -9.9% | 1.2% |
| LAFCU | $22,250,000 | $20,420,000 | -8.2% | 1.2% |
| EVERETT FINANCIAL, INC. | $36,905,000 | $18,825,000 | -49.0% | 1.1% |
| JPMorgan Chase Bank | $27,010,000 | $17,235,000 | -36.2% | 1.0% |
| Wells Fargo Bank | $12,730,000 | $16,425,000 | 29.0% | 0.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $20,260,000 | $14,960,000 | -26.2% | 0.9% |
| MORTGAGE CENTER L.C | $26,965,000 | $13,465,000 | -50.1% | 0.8% |
| First National Bank of America | $12,930,000 | $13,175,000 | 1.9% | 0.8% |
| Northpointe Bank | $12,485,000 | $12,640,000 | 1.2% | 0.7% |
| VAN DYK MORTGAGE CORPORATION | $17,935,000 | $12,540,000 | -30.1% | 0.7% |
| GENISYS | $5,250,000 | $11,895,000 | 126.6% | 0.7% |
| County National Bank | $1,960,000 | $11,065,000 | 464.5% | 0.6% |
| CHURCHILL MORTGAGE CORPORATION | $14,310,000 | $10,755,000 | -24.8% | 0.6% |
| Citizens Bank | $15,605,000 | $10,445,000 | -33.1% | 0.6% |
| Preston Home Loans Inc | $8,460,000 | $10,380,000 | 22.7% | 0.6% |
| Mercantile Bank of Michigan | $25,370,000 | $10,235,000 | -59.7% | 0.6% |
| Merchants Capital Corp. | $9,715,000 | n/a | 0.6% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $14,925,000 | $9,660,000 | -35.3% | 0.6% |
| Eaton Community Bank | $12,700,000 | $9,555,000 | -24.8% | 0.5% |
| CIVIC FINANCIAL SERVICES, LLC | $2,795,000 | $9,505,000 | 240.1% | 0.5% |
| MICHIGAN MUTUAL, INC. | $9,380,000 | $9,385,000 | 0.1% | 0.5% |
| CARDINAL FINANCIAL | $3,530,000 | $9,175,000 | 159.9% | 0.5% |
| EMM LOANS LLC | $2,330,000 | $8,980,000 | 285.4% | 0.5% |
| Bank of Ann Arbor | $350,000 | $8,600,000 | 2,357.1% | 0.5% |
| J. VIRGIL, INC. | $17,975,000 | $8,395,000 | -53.3% | 0.5% |
| CONSUMERS | $6,480,000 | $8,260,000 | 27.5% | 0.5% |
| LOANDEPOT.COM, LLC | $15,715,000 | $8,005,000 | -49.1% | 0.5% |
| HOMESIDE FINANCIAL, LLC | $2,130,000 | $7,510,000 | 252.6% | 0.4% |
| MICHIGAN SCHOOLS AND GOVERNMENT | $855,000 | $7,250,000 | 748.0% | 0.4% |
| USAA Federal Savings Bank | $7,000,000 | $7,155,000 | 2.2% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $7,510,000 | $7,050,000 | -6.1% | 0.4% |
| Bank of America | $9,360,000 | $6,700,000 | -28.4% | 0.4% |
| Lake Trust Credit Union | $9,910,000 | $6,680,000 | -32.6% | 0.4% |
| SUCCESS MORTGAGE PARTNERS, INC. | $13,520,000 | $6,450,000 | -52.3% | 0.4% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $16,520,000 | $6,410,000 | -61.2% | 0.4% |
| PFCU | $9,610,000 | $6,285,000 | -34.6% | 0.4% |
| NEWREZ LLC | $7,890,000 | $5,995,000 | -24.0% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $17,590,000 | $5,985,000 | -66.0% | 0.3% |
| CASE | $11,405,000 | $5,925,000 | -48.0% | 0.3% |
| DAS Acquisition Company, LLC | $2,595,000 | $5,770,000 | 122.4% | 0.3% |
| 21ST MORTGAGE CORPORATION | $4,195,000 | $5,715,000 | 36.2% | 0.3% |
| Neighborhood Loans, Inc. | $5,340,000 | $5,385,000 | 0.8% | 0.3% |
| PENNYMAC LOAN SERVICES, LLC | $5,715,000 | $5,315,000 | -7.0% | 0.3% |
| Comerica Bank | $13,530,000 | $5,285,000 | -60.9% | 0.3% |
| BROKER SOLUTIONS, INC. | $8,785,000 | $5,250,000 | -40.2% | 0.3% |
| FREEDOM MORTGAGE CORPORATION | $10,125,000 | $4,590,000 | -54.7% | 0.3% |
| Horizon Bank | $5,480,000 | $4,340,000 | -20.8% | 0.2% |
| Carrington Mortgage Services, LLC | $7,310,000 | $4,300,000 | -41.2% | 0.2% |
| DFCU FINANCIAL | $3,375,000 | $4,255,000 | 26.1% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $13,005,000 | $4,025,000 | -69.1% | 0.2% |
| BLG HOLDINGS, INC. | $1,275,000 | $3,880,000 | 204.3% | 0.2% |
| First Merchants Bank | $17,740,000 | $3,865,000 | -78.2% | 0.2% |
| FIRST COMMUNITY MORTGAGE, INC. | $675,000 | $3,715,000 | 450.4% | 0.2% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $7,075,000 | $3,685,000 | -47.9% | 0.2% |
| NexBank | $3,540,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,700,000 | $3,520,000 | 107.1% | 0.2% |
| MICHIGAN FIRST CREDIT UNION | $5,295,000 | $3,470,000 | -34.5% | 0.2% |
| STAUNTON FINANCIAL, INC. | $4,190,000 | $3,345,000 | -20.2% | 0.2% |
| First National Bank of Michigan | $3,170,000 | n/a | 0.2% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $3,540,000 | $3,165,000 | -10.6% | 0.2% |
| Plains Commerce Bank | $2,440,000 | $3,115,000 | 27.7% | 0.2% |
| Dort Financial Credit Union | $2,635,000 | $3,045,000 | 15.6% | 0.2% |
| Discover Bank | $1,520,000 | $2,915,000 | 91.8% | 0.2% |
| The State Bank | $7,330,000 | $2,915,000 | -60.2% | 0.2% |
| ACADEMY MORTGAGE CORPORATION | $3,865,000 | $2,785,000 | -27.9% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $5,000,000 | $2,720,000 | -45.6% | 0.2% |
| ARBOR FINANCIAL CREDIT UNION | $1,295,000 | $2,660,000 | 105.4% | 0.2% |
| CALIBER HOME LOANS, INC. | $9,965,000 | $2,525,000 | -74.7% | 0.1% |
| GUILD MORTGAGE COMPANY | $135,000 | $2,495,000 | 1,748.1% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $2,805,000 | $2,420,000 | -13.7% | 0.1% |
| ROSS MORTGAGE CORPORATION | $2,130,000 | $2,375,000 | 11.5% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $985,000 | $2,340,000 | 137.6% | 0.1% |
| Commercial Bank | $4,670,000 | $2,330,000 | -50.1% | 0.1% |
| First State Bank | $1,680,000 | $2,295,000 | 36.6% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,120,000 | $2,225,000 | -46.0% | 0.1% |
| Figure Lending LLC | $1,180,000 | $2,220,000 | 88.1% | 0.1% |
| GUARANTEED RATE, INC. | $3,820,000 | $2,205,000 | -42.3% | 0.1% |
| Equity Prime Mortgage LLC | $505,000 | $2,090,000 | 313.9% | 0.1% |
| TOWNE MORTGAGE COMPANY | $1,690,000 | $2,085,000 | 23.4% | 0.1% |
| CP Financial Credit Union | $2,690,000 | $2,025,000 | -24.7% | 0.1% |
| Consumers Professional Credit Union | $3,380,000 | $2,005,000 | -40.7% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $9,930,000 | $1,955,000 | -80.3% | 0.1% |
| THE MORTGAGE LINK, INC. | $1,905,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $1,460,000 | $1,895,000 | 29.8% | 0.1% |
| STANFORD Federal Credit Union | $235,000 | $1,865,000 | 693.6% | 0.1% |
| MARSHALL COMMUNITY CREDIT UNION | $2,715,000 | $1,850,000 | -31.9% | 0.1% |
| Ally Bank | $2,805,000 | $1,770,000 | -36.9% | 0.1% |
| CREDIT UNION ONE | $2,355,000 | $1,745,000 | -25.9% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $3,820,000 | $1,730,000 | -54.7% | 0.1% |
| UIF CORPORATION | $330,000 | $1,640,000 | 397.0% | 0.1% |
| Prosperity Home Mortgage, LLC | $105,000 | $1,610,000 | 1,433.3% | 0.1% |
| Morgan Stanley Private Bank | $2,610,000 | $1,590,000 | -39.1% | 0.1% |
| Honor Credit Union | $470,000 | $1,575,000 | 235.1% | 0.1% |
| Isabella Bank | $595,000 | $1,545,000 | 159.7% | 0.1% |
| ChoiceOne Bank | $300,000 | $1,520,000 | 406.7% | 0.1% |
| RUOFF MORTGAGE COMPANY, INC. | $3,045,000 | $1,475,000 | -51.6% | 0.1% |
| BM Real Estate Services, Inc. | $905,000 | $1,430,000 | 58.0% | 0.1% |
| Adventure Credit Union | $5,045,000 | $1,415,000 | -72.0% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $1,160,000 | $1,400,000 | 20.7% | 0.1% |
| RESIDENTIAL BANCORP | $2,280,000 | $1,385,000 | -39.3% | 0.1% |
| ASTERA | $1,955,000 | $1,370,000 | -29.9% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $5,535,000 | $1,345,000 | -75.7% | 0.1% |
| Semper Home Loans, Inc. | $5,610,000 | $1,340,000 | -76.1% | 0.1% |
| PLANET HOME LENDING, LLC | $1,300,000 | $1,325,000 | 1.9% | 0.1% |
| The Loan Store, Inc. | $1,315,000 | n/a | 0.1% | |
| Kellogg Community Credit Union | $1,265,000 | $1,305,000 | 3.2% | 0.1% |
| ELGA CREDIT UNION | $1,690,000 | $1,285,000 | -24.0% | 0.1% |
| Old National Bank | $1,670,000 | $1,260,000 | -24.6% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $855,000 | $1,200,000 | 40.4% | 0.1% |
| GVC MORTGAGE, INC. | $1,005,000 | $1,195,000 | 18.9% | 0.1% |
| NEW DAY FINANCIAL, LLC | $3,360,000 | $1,195,000 | -64.4% | 0.1% |
| TEAM ONE CREDIT UNION | $690,000 | $1,195,000 | 73.2% | 0.1% |
| OAK MORTGAGE, LLC | $1,715,000 | $1,190,000 | -30.6% | 0.1% |
| Frankenmuth Credit Union | $3,060,000 | $1,185,000 | -61.3% | 0.1% |
| U.S. Bank | $3,170,000 | $1,185,000 | -62.6% | 0.1% |
| LEGEND LENDING CORPORATION | $3,860,000 | $1,155,000 | -70.1% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,620,000 | $1,115,000 | -31.2% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $1,885,000 | $1,085,000 | -42.4% | 0.1% |
| ZILLOW HOME LOANS, LLC | $885,000 | $1,085,000 | 22.6% | 0.1% |
| First Savings Bank | $480,000 | $1,050,000 | 118.8% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $19,570,000 | $1,035,000 | -94.7% | 0.1% |
| RF Renovo Management Company, LLC | $1,020,000 | n/a | 0.1% | |
| Coastal Community Bank | $1,010,000 | n/a | 0.1% | |
| UNIVERSITY OF MICHIGAN CREDIT UNION | $1,060,000 | $1,000,000 | -5.7% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $2,235,000 | $995,000 | -55.5% | 0.1% |
| Union Bank | $2,470,000 | $945,000 | -61.7% | 0.1% |
| NORTHERN MORTGAGE SERVICES, LLC | $2,340,000 | $890,000 | -62.0% | 0.1% |
| SECURITY CREDIT UNION | $1,210,000 | $880,000 | -27.3% | 0.1% |
| PHH Mortgage Corporation | $1,795,000 | $865,000 | -51.8% | 0.0% |
| COMMUNITY FINANCIAL CREDIT UNION | $585,000 | $855,000 | 46.2% | 0.0% |
| Stifel Bank and Trust | $995,000 | $825,000 | -17.1% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $400,000 | $785,000 | 96.3% | 0.0% |
| Paramount Residential Mortgage Group, Inc. | $340,000 | $785,000 | 130.9% | 0.0% |
| DIGITAL Federal Credit Union | $440,000 | $775,000 | 76.1% | 0.0% |
| Sunflower Bank | $2,035,000 | $775,000 | -61.9% | 0.0% |
| OMNI Community Credit Union | $270,000 | $740,000 | 174.1% | 0.0% |
| AMERICAN FINANCING CORPORATION | $2,595,000 | $730,000 | -71.9% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $925,000 | $730,000 | -21.1% | 0.0% |
| LIMA ONE CAPITAL, LLC | $930,000 | $715,000 | -23.1% | 0.0% |
| STOCKTON MORTGAGE CORPORATION | $715,000 | $665,000 | -7.0% | 0.0% |
| LOANPAL, LLC | $230,000 | $650,000 | 182.6% | 0.0% |
| Charles Schwab Bank, SSB | $630,000 | n/a | 0.0% | |
| University Bank | $115,000 | $625,000 | 443.5% | 0.0% |
| GREENSTATE CREDIT UNION | $600,000 | $610,000 | 1.7% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $600,000 | n/a | 0.0% | |
| JOLT CREDIT UNION | $195,000 | $600,000 | 207.7% | 0.0% |
| Highpoint Community Bank | $520,000 | $595,000 | 14.4% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,395,000 | $595,000 | -57.3% | 0.0% |
| Waterstone Mortgage Corporation | $855,000 | $595,000 | -30.4% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $435,000 | $590,000 | 35.6% | 0.0% |
| Armed Forces Bank | $590,000 | n/a | 0.0% | |
| CMG MORTGAGE, INC. | $135,000 | $590,000 | 337.0% | 0.0% |
| GreenStone Farm Credit Services, ACA | $315,000 | $585,000 | 85.7% | 0.0% |
| North American Savings Bank, F.S.B. | $1,055,000 | $585,000 | -44.5% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $650,000 | $570,000 | -12.3% | 0.0% |
| BETTER MORTGAGE CORPORATION | $2,365,000 | $565,000 | -76.1% | 0.0% |
| Community First National Bank | $565,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $315,000 | $565,000 | 79.4% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $665,000 | $565,000 | -15.0% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $560,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $355,000 | $555,000 | 56.3% | 0.0% |
| LENDINGONE, LLC | $305,000 | $550,000 | 80.3% | 0.0% |
| The Federal Savings Bank | $1,025,000 | $550,000 | -46.3% | 0.0% |
| First Independence Bank | $535,000 | n/a | 0.0% | |
| MEMBERFOCUS COMMUNITY | $535,000 | n/a | 0.0% | |
| FINANCIAL PLUS CREDIT UNION | $2,715,000 | $530,000 | -80.5% | 0.0% |
| Pacor Mortgage Corp | $530,000 | n/a | 0.0% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $530,000 | n/a | 0.0% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $155,000 | $525,000 | 238.7% | 0.0% |
| FOUNDATION MORTGAGE CORPORATION | $515,000 | n/a | 0.0% | |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $505,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $975,000 | $505,000 | -48.2% | 0.0% |
| Meijer Credit Union | $665,000 | $495,000 | -25.6% | 0.0% |
| NEXERA HOLDING LLC | $495,000 | n/a | 0.0% | |
| PLUS RELOCATION MORTGAGE, LLC | $75,000 | $495,000 | 560.0% | 0.0% |
| UNITED | $235,000 | $485,000 | 106.4% | 0.0% |
| United Bank of Michigan | $1,625,000 | $485,000 | -70.2% | 0.0% |
| HOMESTAR FINANCIAL CORPORATION | $480,000 | n/a | 0.0% | |
| OCMBC, INC. | $480,000 | n/a | 0.0% | |
| DELMAR FINANCIAL COMPANY | $115,000 | $470,000 | 308.7% | 0.0% |
| Hometown Equity Mortgage, LLC | $165,000 | $470,000 | 184.8% | 0.0% |
| Peoples Bank | $305,000 | $470,000 | 54.1% | 0.0% |
| Homestead Savings Bank | $2,275,000 | $465,000 | -79.6% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $785,000 | $465,000 | -40.8% | 0.0% |
| Wildfire Credit Union | $275,000 | $460,000 | 67.3% | 0.0% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $855,000 | $450,000 | -47.4% | 0.0% |
| Platinum Home Mortgage Corporation | $1,515,000 | $450,000 | -70.3% | 0.0% |
| NFM, INC. | $225,000 | $440,000 | 95.6% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $495,000 | $435,000 | -12.1% | 0.0% |
| KeyBank | $24,680,000 | $430,000 | -98.3% | 0.0% |
| First Federal Bank, A FSB | $425,000 | n/a | 0.0% | |
| GUIDANCE RESIDENTIAL, LLC | $255,000 | $425,000 | 66.7% | 0.0% |
| BAYSHORE MORTGAGE FUNDING, LLC | $245,000 | $420,000 | 71.4% | 0.0% |
| GREENWOOD | $225,000 | $410,000 | 82.2% | 0.0% |
| NBKC BANK | $2,220,000 | $410,000 | -81.5% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $655,000 | $405,000 | -38.2% | 0.0% |
| CORNERSTONE HOME LENDING, INC. | $280,000 | $390,000 | 39.3% | 0.0% |
| Truist | $55,000 | $370,000 | 572.7% | 0.0% |
| Directions Credit Union, Inc. | $365,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $260,000 | $365,000 | 40.4% | 0.0% |
| Truity Federal Credit Union | $365,000 | n/a | 0.0% | |
| Whitaker Bank | $365,000 | n/a | 0.0% | |
| The Central Trust Bank | $355,000 | n/a | 0.0% | |
| DEEPHAVEN MORTGAGE LLC | $350,000 | n/a | 0.0% | |
| Leader Bank | $345,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL NETWORK, INC. | $325,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $195,000 | $325,000 | 66.7% | 0.0% |
| A&D Mortgage LLC | $315,000 | n/a | 0.0% | |
| BNC National Bank | $375,000 | $315,000 | -16.0% | 0.0% |
| Nicolet National Bank | $215,000 | $315,000 | 46.5% | 0.0% |
| SIRVA MORTGAGE, INC. | $315,000 | n/a | 0.0% | |
| Ameris Bank | $295,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $675,000 | $295,000 | -56.3% | 0.0% |
| First Federal Bank | $295,000 | n/a | 0.0% | |
| Raymond James Bank | $215,000 | $295,000 | 37.2% | 0.0% |
| 1st State Financial, Ltd. | $235,000 | $290,000 | 23.4% | 0.0% |
| Mid-Continent Funding, Inc. | $155,000 | $285,000 | 83.9% | 0.0% |
| First Federal Bank of the Midwest | $635,000 | $280,000 | -55.9% | 0.0% |
| Lake Huron Credit Union | $270,000 | n/a | 0.0% | |
| THE ANDERSON FINANCIAL GROUP, INC. | $270,000 | n/a | 0.0% | |
| MICHIGAN ONE COMMUNITY Credit Union | $390,000 | $260,000 | -33.3% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $295,000 | $235,000 | -20.3% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,535,000 | $235,000 | -93.4% | 0.0% |
| Dearborn Federal Savings Bank | $235,000 | $225,000 | -4.3% | 0.0% |
| DOW CHEMICAL EMPLOYEES' | $2,255,000 | $225,000 | -90.0% | 0.0% |
| First Internet Bank of Indiana | $640,000 | $215,000 | -66.4% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $7,930,000 | $210,000 | -97.4% | 0.0% |
| SOVITA Credit Union | $105,000 | $210,000 | 100.0% | 0.0% |
| ALLIANT CREDIT UNION | $205,000 | n/a | 0.0% | |
| Summit Mortgage Corporation | $205,000 | n/a | 0.0% | |
| GFA Federal Credit Union | $200,000 | n/a | 0.0% | |
| HOMESTEAD FUNDING CORP. | $610,000 | $195,000 | -68.0% | 0.0% |
| KELLER MORTGAGE, LLC | $2,095,000 | $195,000 | -90.7% | 0.0% |
| PROPER RATE, LLC | $195,000 | n/a | 0.0% | |
| COMMUNITY CHOICE CREDIT UNION | $315,000 | $190,000 | -39.7% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $190,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $185,000 | n/a | 0.0% | |
| Thumb Bank and Trust | $770,000 | $185,000 | -76.0% | 0.0% |
| CIBC Bank USA | $180,000 | n/a | 0.0% | |
| Busey Bank | $175,000 | n/a | 0.0% | |
| EQUITY RESOURCES, INC. | $565,000 | $175,000 | -69.0% | 0.0% |
| ADVIA | $440,000 | $165,000 | -62.5% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $1,165,000 | $165,000 | -85.8% | 0.0% |
| Citibank | $920,000 | $165,000 | -82.1% | 0.0% |
| COMPASS MORTGAGE, INC. | $165,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $395,000 | $165,000 | -58.2% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $550,000 | $165,000 | -70.0% | 0.0% |
| AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. | $155,000 | n/a | 0.0% | |
| MORTGAGEONE, INC. | $155,000 | n/a | 0.0% | |
| PREFERRED CREDIT UNION | $215,000 | $155,000 | -27.9% | 0.0% |
| T2 FINANCIAL LLC | $175,000 | $155,000 | -11.4% | 0.0% |
| UNITED FINANCIAL Credit Union | $325,000 | $155,000 | -52.3% | 0.0% |
| Citadel Servicing Corporation | $145,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $125,000 | $145,000 | 16.0% | 0.0% |
| Polish-American Federal Credit Union | $145,000 | n/a | 0.0% | |
| Bank of England | $265,000 | $140,000 | -47.2% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $215,000 | $135,000 | -37.2% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $135,000 | n/a | 0.0% | |
| Orion Federal Credit Union | $135,000 | n/a | 0.0% | |
| CHEVRON | $130,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $695,000 | $125,000 | -82.0% | 0.0% |
| KINECTA | $125,000 | n/a | 0.0% | |
| MMS MORTGAGE SERVICES, LTD. | $380,000 | $125,000 | -67.1% | 0.0% |
| PANORAMA MORTGAGE GROUP, LLC | $125,000 | n/a | 0.0% | |
| TLC COMMUNITY Credit Union | $245,000 | $125,000 | -49.0% | 0.0% |
| 1st Source Bank | $115,000 | n/a | 0.0% | |
| Centier Bank | $410,000 | $115,000 | -72.0% | 0.0% |
| MYCUMORTGAGE, LLC | $280,000 | $115,000 | -58.9% | 0.0% |
| S1L, Inc. | $375,000 | $115,000 | -69.3% | 0.0% |
| Regions Bank | $105,000 | n/a | 0.0% | |
| V.I.P. MORTGAGE, INC. | $105,000 | n/a | 0.0% | |
| Northwest Bank | $95,000 | n/a | 0.0% | |
| STAR USA FEDERAL CREDIT UNION | $140,000 | $95,000 | -32.1% | 0.0% |
| BAY EQUITY LLC | $790,000 | $85,000 | -89.2% | 0.0% |
| Grand River Bank | $85,000 | n/a | 0.0% | |
| Heartland Bank and Trust Company | $85,000 | n/a | 0.0% | |
| St James Mortgage Corporation | $85,000 | n/a | 0.0% | |
| Warsaw Federal Savings and Loan Association | $370,000 | $85,000 | -77.0% | 0.0% |
| American 1 Credit Union | $80,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $75,000 | n/a | 0.0% | |
| VIBE CREDIT UNION | $15,000 | $75,000 | 400.0% | 0.0% |
| ADVANTAGE ONE Credit Union | $65,000 | n/a | 0.0% | |
| Colonial Savings, F.A. | $65,000 | n/a | 0.0% | |
| First American Bank | $65,000 | n/a | 0.0% | |
| Nations Lending Corporation | $705,000 | $65,000 | -90.8% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $55,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $430,000 | $55,000 | -87.2% | 0.0% |
| First Commonwealth Bank | $55,000 | n/a | 0.0% | |
| MEMBERS FIRST Credit Union | $315,000 | $55,000 | -82.5% | 0.0% |
| WINGS FINANCIAL | $615,000 | $55,000 | -91.1% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $70,000 | $45,000 | -35.7% | 0.0% |
| COMMUNITY MORTGAGE FUNDING, LLC | $35,000 | n/a | 0.0% | |
| HIWAY | $85,000 | $25,000 | -70.6% | 0.0% |
| Notre Dame Federal Credit Union Corporation | $275,000 | $25,000 | -90.9% | 0.0% |
| AAC Credit Union | $15,000 | n/a | 0.0% | |
| Christian Financial Credit Union | $15,000 | n/a | 0.0% | |
| West Michigan Credit Union | $15,000 | n/a | 0.0% |
LANSING - EAST LANSING's top lender by overall market share is MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION, with 10.2% market share. In second place, with 10.0%, is The Dart Bank, having originated $175,065,000 in loans. In third place, with 6.3%, is QUICKEN LOANS, LLC, having originated $111,030,000 in loans. In fourth place, with 5.1%, is UNION HOME MORTGAGE CORP., having originated $89,850,000 in loans. In fifth place, with 4.8%, is GREYSTONE SERVICING COMPANY LLC, having originated $84,510,000 in loans.
LANSING-EAST LANSING, 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 |
|---|---|---|---|---|---|---|
| 48805 | Lansing-East Lansing, MI HUD Metro FMR Area | $840 | $870 | $1,070 | $1,380 | $1,440 |
| 48807 | Lansing-East Lansing, MI HUD Metro FMR Area | $660 | $700 | $860 | $1,100 | $1,160 |
| 48808 | Lansing-East Lansing, MI HUD Metro FMR Area | $930 | $960 | $1,180 | $1,530 | $1,590 |
| 48813 | Lansing-East Lansing, MI HUD Metro FMR Area | $740 | $770 | $940 | $1,220 | $1,260 |
| 48819 | Lansing-East Lansing, MI HUD Metro FMR Area | $880 | $910 | $1,120 | $1,450 | $1,500 |
| 48820 | Lansing-East Lansing, MI HUD Metro FMR Area | $850 | $880 | $1,080 | $1,400 | $1,450 |
| 48821 | Lansing-East Lansing, MI HUD Metro FMR Area | $960 | $1,000 | $1,220 | $1,580 | $1,640 |
| 48822 | Lansing-East Lansing, MI HUD Metro FMR Area | $810 | $840 | $1,030 | $1,330 | $1,380 |
| 48823 | Lansing-East Lansing, MI HUD Metro FMR Area | $970 | $1,000 | $1,230 | $1,590 | $1,650 |
| 48824 | Lansing-East Lansing, MI HUD Metro FMR Area | $840 | $870 | $1,070 | $1,380 | $1,440 |
| 48825 | Lansing-East Lansing, MI HUD Metro FMR Area | $840 | $870 | $1,070 | $1,380 | $1,440 |
| 48826 | Lansing-East Lansing, MI HUD Metro FMR Area | $840 | $870 | $1,070 | $1,380 | $1,440 |
| 48827 | Lansing-East Lansing, MI HUD Metro FMR Area | $790 | $820 | $1,010 | $1,310 | $1,360 |
| 48831 | Lansing-East Lansing, MI HUD Metro FMR Area | $690 | $720 | $900 | $1,170 | $1,220 |
| 48835 | Lansing-East Lansing, MI HUD Metro FMR Area | $690 | $720 | $880 | $1,140 | $1,180 |
| 48837 | Lansing-East Lansing, MI HUD Metro FMR Area | $820 | $850 | $1,040 | $1,350 | $1,400 |
| 48840 | Lansing-East Lansing, MI HUD Metro FMR Area | $790 | $820 | $1,010 | $1,310 | $1,360 |
| 48842 | Lansing-East Lansing, MI HUD Metro FMR Area | $870 | $910 | $1,110 | $1,440 | $1,490 |
| 48845 | Lansing-East Lansing, MI HUD Metro FMR Area | $660 | $700 | $850 | $1,090 | $1,200 |
| 48848 | Lansing-East Lansing, MI HUD Metro FMR Area | $700 | $710 | $910 | $1,210 | $1,260 |
| 48849 | Lansing-East Lansing, MI HUD Metro FMR Area | $710 | $710 | $940 | $1,190 | $1,380 |
| 48853 | Lansing-East Lansing, MI HUD Metro FMR Area | $660 | $700 | $850 | $1,090 | $1,150 |
| 48854 | Lansing-East Lansing, MI HUD Metro FMR Area | $920 | $960 | $1,170 | $1,510 | $1,570 |
| 48861 | Lansing-East Lansing, MI HUD Metro FMR Area | $670 | $700 | $850 | $1,100 | $1,180 |
| 48864 | Lansing-East Lansing, MI HUD Metro FMR Area | $970 | $1,000 | $1,230 | $1,590 | $1,650 |
| 48866 | Lansing-East Lansing, MI HUD Metro FMR Area | $660 | $700 | $850 | $1,090 | $1,150 |
| 48871 | Lansing-East Lansing, MI HUD Metro FMR Area | $800 | $830 | $1,020 | $1,320 | $1,370 |
| 48872 | Lansing-East Lansing, MI HUD Metro FMR Area | $730 | $850 | $1,020 | $1,360 | $1,500 |
| 48873 | Lansing-East Lansing, MI HUD Metro FMR Area | $660 | $700 | $850 | $1,090 | $1,200 |
| 48875 | Lansing-East Lansing, MI HUD Metro FMR Area | $870 | $870 | $1,150 | $1,450 | $1,680 |
| 48876 | Lansing-East Lansing, MI HUD Metro FMR Area | $810 | $840 | $1,030 | $1,330 | $1,380 |
| 48879 | Lansing-East Lansing, MI HUD Metro FMR Area | $750 | $780 | $950 | $1,230 | $1,280 |
| 48890 | Lansing-East Lansing, MI HUD Metro FMR Area | $680 | $700 | $870 | $1,120 | $1,210 |
| 48892 | Lansing-East Lansing, MI HUD Metro FMR Area | $830 | $890 | $1,080 | $1,410 | $1,500 |
| 48894 | Lansing-East Lansing, MI HUD Metro FMR Area | $660 | $700 | $850 | $1,090 | $1,180 |
| 48895 | Lansing-East Lansing, MI HUD Metro FMR Area | $780 | $810 | $990 | $1,280 | $1,330 |
| 48897 | Lansing-East Lansing, MI HUD Metro FMR Area | $660 | $700 | $850 | $1,100 | $1,180 |
| 48901 | Lansing-East Lansing, MI HUD Metro FMR Area | $840 | $870 | $1,070 | $1,380 | $1,440 |
| 48906 | Lansing-East Lansing, MI HUD Metro FMR Area | $760 | $790 | $970 | $1,250 | $1,300 |
| 48908 | Lansing-East Lansing, MI HUD Metro FMR Area | $820 | $850 | $1,040 | $1,340 | $1,400 |
| 48909 | Lansing-East Lansing, MI HUD Metro FMR Area | $840 | $870 | $1,070 | $1,380 | $1,440 |
| 48910 | Lansing-East Lansing, MI HUD Metro FMR Area | $830 | $870 | $1,060 | $1,370 | $1,420 |
| 48911 | Lansing-East Lansing, MI HUD Metro FMR Area | $760 | $780 | $960 | $1,240 | $1,290 |
| 48912 | Lansing-East Lansing, MI HUD Metro FMR Area | $840 | $870 | $1,070 | $1,380 | $1,440 |
| 48915 | Lansing-East Lansing, MI HUD Metro FMR Area | $840 | $870 | $1,070 | $1,380 | $1,440 |
| 48917 | Lansing-East Lansing, MI HUD Metro FMR Area | $860 | $890 | $1,090 | $1,410 | $1,460 |
| 48921 | Lansing-East Lansing, MI HUD Metro FMR Area | $840 | $870 | $1,070 | $1,380 | $1,440 |
| 48924 | Lansing-East Lansing, MI HUD Metro FMR Area | $840 | $870 | $1,070 | $1,380 | $1,440 |
| 48933 | Lansing-East Lansing, MI HUD Metro FMR Area | $720 | $740 | $910 | $1,180 | $1,220 |
| 48956 | Lansing-East Lansing, MI HUD Metro FMR Area | $840 | $870 | $1,070 | $1,380 | $1,440 |
| 49014 | Lansing-East Lansing, MI HUD Metro FMR Area | $760 | $850 | $1,040 | $1,330 | $1,520 |
| 49021 | Lansing-East Lansing, MI HUD Metro FMR Area | $770 | $800 | $980 | $1,270 | $1,340 |
| 49073 | Lansing-East Lansing, MI HUD Metro FMR Area | $760 | $780 | $960 | $1,240 | $1,290 |
| 49076 | Lansing-East Lansing, MI HUD Metro FMR Area | $710 | $750 | $920 | $1,180 | $1,250 |
| 49096 | Lansing-East Lansing, MI HUD Metro FMR Area | $790 | $820 | $1,000 | $1,290 | $1,340 |
| 49251 | Lansing-East Lansing, MI HUD Metro FMR Area | $820 | $850 | $1,040 | $1,350 | $1,400 |
| 49264 | Lansing-East Lansing, MI HUD Metro FMR Area | $800 | $880 | $1,060 | $1,390 | $1,500 |
| 49284 | Lansing-East Lansing, MI HUD Metro FMR Area | $800 | $940 | $1,130 | $1,480 | $1,670 |
| 49285 | Lansing-East Lansing, MI HUD Metro FMR Area | $950 | $950 | $1,140 | $1,410 | $1,640 |
2022 Average & Median Rent Data Statistics
LANSING-EAST LANSING, MI average 1BR rent: $828, median: $850
LANSING-EAST LANSING, MI average 2BR rent: $1,017, median: $1,040
LANSING-EAST LANSING, MI average 3BR rent: $1,313, median: $1,340
LANSING-EAST LANSING, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 5,592 | $1,155,010,000 | $206,547 |
| Other | 1,434 | $102,500,000 | $71,478 |
| Cash Out Refi | 1,092 | $202,340,000 | $185,293 |
| Home Improvement | 765 | $52,095,000 | $68,098 |
| Refi | 526 | $236,300,000 | $449,240 |
| NA | 1 | $6,405,000 | $6,405,000 |
Lansing - East Lansing's most frequently cited loan purpose was Home Purchase, with 5,592 originations. The 2nd most popular reason was Other, with 1,434 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 3,441 | $655,175,000 | $190,402 |
| 7-8% | 2,427 | $457,745,000 | $188,605 |
| Over 8% | 2,105 | $168,905,000 | $80,240 |
| 5-6% | 1,031 | $257,095,000 | $249,365 |
| 4-5% | 84 | $37,570,000 | $447,262 |
| <2.5% | 56 | $23,090,000 | $412,321 |
| 3-4% | 21 | $6,885,000 | $327,857 |
| 2.5-3% | 8 | $3,690,000 | $461,250 |
During 2023, Lansing - East Lansing's most frequently originated rate bucket was 6-7%, with 3,441 originations.
Loan Sizing (LANSING-EAST LANSING, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 3,426 | $496,240,000 | $144,845 |
| $100,000 or less | 3,327 | $183,785,000 | $55,240 |
| $200k-400k | 2,239 | $602,605,000 | $269,140 |
| $400k-600k | 315 | $149,045,000 | $473,159 |
| $600k-1000k | 71 | $50,115,000 | $705,845 |
| $Over $1MM | 32 | $272,860,000 | $8,526,875 |
LANSING - EAST LANSING's loan sizing saw the bucket of loans from $100k-200k with 3,426 originations, totaling $496,240,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 4,041 | $837,415,000 | $207,230 |
| 60-80% | 1,854 | $476,460,000 | $256,990 |
| 20-40% | 1,242 | $103,070,000 | $82,987 |
| Under 20% | 1,173 | $47,005,000 | $40,072 |
| 40-60% | 734 | $219,880,000 | $299,564 |
| Over 100% | 70 | $17,720,000 | $253,143 |
LANSING - EAST LANSING's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 4,041 originations, totaling $837,415,000 in origination value.