Ludington Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Ludington averaged 6.77% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

    The average rate for the prior week (2025-03-27) was 7.08% and one month ago for the week of 2025-02-27, the average rate was 7.09%.

    Ludington's average rate one year ago was 7.02%.

    For refis of the same type during the week of 2025-04-03, the average rate was 6.74%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-03 6.64%
    Ludington 30 Year Fixed Rate 2025-04-03 6.77%
    Ludington 30 Year Fixed Rate Refi 2025-04-03 6.74%
    Ludington 15 Year Fixed Rate 2025-04-03 5.92%
    Ludington 15 Year Fixed Rate Refi 2025-04-03 6.02%
    Ludington 30 Year FHA 2025-04-03 6.36%
    Ludington 30 Year FHA Refi 2025-04-03 6.06%
    Ludington 30 Year USDA 2025-04-03 6.22%
    Ludington 30 Year USDA Refi 2025-04-03 6.52%
    Ludington 30 Year VA 2025-04-03 6.16%
    Ludington 30 Year VA Refi 2025-04-03 6.06%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Ludington, MI.

    Ludington 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 Ludington, MI market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    MORTGAGE 1 INCORPORATED 35 6.88% $4,819
    QUICKEN LOANS, LLC 23 6.72% $6,151
    LAKE MICHIGAN CREDIT UNION 11 6.85% $3,435
    The Huntington National Bank 8 6.70% $4,310
    UNITED WHOLESALE MORTGAGE, LLC 7 6.71% $6,548
    Independent Bank 4 6.78% $3,257
    GUILD MORTGAGE COMPANY 4 6.72% $3,993
    CROSSCOUNTRY MORTGAGE, LLC 3 6.96% $5,492
    VAN DYK MORTGAGE CORPORATION 3 7.04% $5,662
    The Dart Bank 3 6.67% $3,684
    PREFERRED CREDIT UNION 2 6.38% $0
    UNION HOME MORTGAGE CORP. 2 7.06% $4,992
    NEWREZ LLC 2 7.06% $4,220
    DOW CHEMICAL EMPLOYEES' 2 7.75% $2,518
    CALCON MUTUAL MORTGAGE LLC 2 6.93% $7,348
    ROYAL UNITED MORTGAGE LLC 2 6.94% $7,207
    American Mortgage & Equity Consultants, Inc. 2 6.81% $8,082
    Mercantile Bank of Michigan 1 8.13% $5,627
    MICHIGAN FIRST CREDIT UNION 1 6.75% $4,891
    MICHIGAN SCHOOLS AND GOVERNMENT 1 5.75% $2,569
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 1 7.25% $3,258
    MMS MORTGAGE SERVICES, LTD. 1 6.63% $3,940
    Morgan Stanley Private Bank 1 5.90% $4,444
    NexBank 1 7.50% $6,145
    Old National Bank 1 8.13% $6,347
    PENNYMAC LOAN SERVICES, LLC 1 6.99% $5,179
    Plains Commerce Bank 1 7.25% $4,753
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $6,703
    Three Rivers Federal Credit Union 1 8.13% $6,977
    TOWNE MORTGAGE COMPANY 1 8.13% $5,715
    Union Savings Bank 1 7.00% $3,046
    UNITED 1 7.38% $3,973
    Wells Fargo Bank 1 6.38% $8,130
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.00% $4,804
    Beeline Loans, Inc. 1 7.63% $3,341
    BROKER SOLUTIONS, INC. 1 6.13% $4,335
    ChoiceOne Bank 1 6.63% $3,509
    CONSUMERS 1 6.88% $3,525
    CONTOUR MORTGAGE CORPORATION 1 6.63% $4,754
    DAS Acquisition Company, LLC 1 7.49% $3,975
    Fifth Third Bank 1 6.99% $3,209
    FIRST COMMUNITY MORTGAGE, INC. 1 6.49% $4,045
    First Merchants Bank 1 7.13% $2,693
    GREENSTATE CREDIT UNION 1 6.12% $3,470
    GUARANTEED RATE, INC. 1 6.50% $3,619
    Hometown Equity Mortgage, LLC 1 8.63% $11,255
    JPMorgan Chase Bank 1 8.63% $3,775
    LOANDEPOT.COM, LLC 1 5.99% $9,600
    MEMBERS FIRST Credit Union 1 6.25% $2,344

    Ludington Average Closing Costs & Other Stats

    Ludington, MI's 49 lenders originated 395 loans during 2024. The total origination value was $81,505,000, with an average loan value of $206,342.

    Ludington's average closing costs are $4,418.

    The top Ludington lender as defined by loan originations is MORTGAGE 1 INCORPORATED, with 35 loans originated. Their average total fees are $4,819, which is $1,332 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Ludington lenders (with over 10 loans originated) are LAKE MICHIGAN CREDIT UNION ($3,435), MORTGAGE 1 INCORPORATED ($4,819), QUICKEN LOANS, LLC ($6,151), .

    The lowest rate Ludington lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.72%), LAKE MICHIGAN CREDIT UNION (6.85%), MORTGAGE 1 INCORPORATED (6.88%), .

    Ludington, MI Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    MORTGAGE 1 INCORPORATED $5,485,000 $11,360,000 107.1% 13.9%
    LAKE MICHIGAN CREDIT UNION $2,845,000 $6,755,000 137.4% 8.3%
    QUICKEN LOANS, LLC $5,655,000 $6,690,000 18.3% 8.2%
    PNC Bank $1,425,000 $6,015,000 322.1% 7.4%
    The Huntington National Bank $2,585,000 $4,205,000 62.7% 5.2%
    The Dart Bank $670,000 $3,115,000 364.9% 3.8%
    The Shelby State Bank $1,910,000 $2,400,000 25.7% 2.9%
    UNITED WHOLESALE MORTGAGE, LLC $3,180,000 $2,400,000 -24.5% 2.9%
    GreenStone Farm Credit Services, FLCA $1,215,000 $2,290,000 88.5% 2.8%
    Fifth Third Bank $1,750,000 $2,020,000 15.4% 2.5%
    CROSSCOUNTRY MORTGAGE, LLC $745,000 $1,925,000 158.4% 2.4%
    Mortgage Research Center, LLC $430,000 $1,810,000 320.9% 2.2%
    BROKER SOLUTIONS, INC. $185,000 $1,485,000 702.7% 1.8%
    Independent Bank $2,710,000 $1,345,000 -50.4% 1.7%
    PREFERRED CREDIT UNION $440,000 $1,240,000 181.8% 1.5%
    American Community Bank & Trust $1,125,000 n/a 1.4%
    CALCON MUTUAL MORTGAGE LLC $1,040,000 n/a 1.3%
    MICHIGAN FIRST CREDIT UNION $560,000 $945,000 68.8% 1.2%
    GUILD MORTGAGE COMPANY $940,000 $840,000 -10.6% 1.0%
    Old National Bank $340,000 $795,000 133.8% 1.0%
    ChoiceOne Bank $930,000 $770,000 -17.2% 0.9%
    FREEDOM MORTGAGE CORPORATION $135,000 $720,000 433.3% 0.9%
    MMS MORTGAGE SERVICES, LTD. $690,000 n/a 0.8%
    CONSUMERS $1,385,000 $630,000 -54.5% 0.8%
    United Bank of Michigan $235,000 $615,000 161.7% 0.8%
    Union Savings Bank $605,000 n/a 0.7%
    Wells Fargo Bank $605,000 n/a 0.7%
    VAN DYK MORTGAGE CORPORATION $565,000 n/a 0.7%
    American Mortgage & Equity Consultants, Inc. $530,000 n/a 0.7%
    Morgan Stanley Private Bank $315,000 $515,000 63.5% 0.6%
    Stifel Bank and Trust $505,000 n/a 0.6%
    GREENSTATE CREDIT UNION $370,000 $495,000 33.8% 0.6%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $1,150,000 $495,000 -57.0% 0.6%
    DOW CHEMICAL EMPLOYEES' $385,000 $480,000 24.7% 0.6%
    JPMorgan Chase Bank $685,000 $430,000 -37.2% 0.5%
    EMM LOANS LLC $420,000 n/a 0.5%
    FIRST COMMUNITY MORTGAGE, INC. $610,000 $410,000 -32.8% 0.5%
    TOWNE MORTGAGE COMPANY $405,000 n/a 0.5%
    DAS Acquisition Company, LLC $385,000 n/a 0.5%
    UNION HOME MORTGAGE CORP. $200,000 $370,000 85.0% 0.5%
    Bank of America $115,000 $360,000 213.0% 0.4%
    Preston Home Loans Inc $360,000 n/a 0.4%
    NEWREZ LLC $1,055,000 $350,000 -66.8% 0.4%
    MICHIGAN SCHOOLS AND GOVERNMENT $345,000 n/a 0.4%
    Mercantile Bank of Michigan $275,000 $320,000 16.4% 0.4%
    Hometown Equity Mortgage, LLC $315,000 n/a 0.4%
    MICHIGAN ONE COMMUNITY Credit Union $305,000 n/a 0.4%
    NexBank $235,000 $305,000 29.8% 0.4%
    Plains Commerce Bank $295,000 n/a 0.4%
    Clearview Federal Credit Union $105,000 $285,000 171.4% 0.3%
    Figure Lending LLC $70,000 $280,000 300.0% 0.3%
    Bank of Ann Arbor $275,000 n/a 0.3%
    Three Rivers Federal Credit Union $275,000 n/a 0.3%
    LOANDEPOT.COM, LLC $270,000 n/a 0.3%
    Wildfire Credit Union $270,000 n/a 0.3%
    ALLIED MORTGAGE GROUP, INC. $255,000 n/a 0.3%
    ARBOR FINANCIAL CREDIT UNION $245,000 n/a 0.3%
    GERBER FEDERAL CREDIT UNION $235,000 n/a 0.3%
    PENNYMAC LOAN SERVICES, LLC $225,000 n/a 0.3%
    UNITED $200,000 $225,000 12.5% 0.3%
    DEEPHAVEN MORTGAGE LLC $215,000 n/a 0.3%
    Equity Prime Mortgage LLC $215,000 n/a 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $215,000 n/a 0.3%
    Credence Funding Corporation $205,000 n/a 0.3%
    CHURCHILL MORTGAGE CORPORATION $505,000 $195,000 -61.4% 0.2%
    LENDINGONE, LLC $195,000 n/a 0.2%
    PLAZA HOME MORTGAGE, INC. $195,000 n/a 0.2%
    LONGBRIDGE FINANCIAL, LLC $190,000 n/a 0.2%
    Beeline Loans, Inc. $185,000 n/a 0.2%
    CONTOUR MORTGAGE CORPORATION $185,000 n/a 0.2%
    ELGA CREDIT UNION $65,000 $185,000 184.6% 0.2%
    Flagstar Bank, FSB $685,000 $185,000 -73.0% 0.2%
    ROYAL UNITED MORTGAGE LLC $75,000 $180,000 140.0% 0.2%
    West Michigan Community Bank $175,000 n/a 0.2%
    TEAM ONE CREDIT UNION $165,000 n/a 0.2%
    SUCCESS MORTGAGE PARTNERS, INC. $155,000 n/a 0.2%
    TOWER $155,000 n/a 0.2%
    First Merchants Bank $2,885,000 $150,000 -94.8% 0.2%
    NAVY FEDERAL CREDIT UNION $390,000 $150,000 -61.5% 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $145,000 $135,000 -6.9% 0.2%
    LOANPAL, LLC $135,000 n/a 0.2%
    Third Federal Savings and Loan Association of Cleveland $135,000 n/a 0.2%
    GUARANTEED RATE, INC. $495,000 $125,000 -74.7% 0.2%
    MEMBERS FIRST Credit Union $85,000 n/a 0.1%
    S&T Bank $65,000 $85,000 30.8% 0.1%
    Coastal Community Bank $5,000 $80,000 1,500.0% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $375,000 $75,000 -80.0% 0.1%
    U.S. Bank $340,000 $75,000 -77.9% 0.1%
    ADVIA $175,000 $65,000 -62.9% 0.1%
    West Michigan Credit Union $55,000 n/a 0.1%
    COMMUNITY CHOICE CREDIT UNION $45,000 n/a 0.1%
    SPRING EQ, LLC $45,000 n/a 0.1%
    GreenStone Farm Credit Services, ACA $25,000 n/a 0.0%

    Ludington's top lender by overall market share is MORTGAGE 1 INCORPORATED, with 13.9% market share. In second place, with 8.3%, is LAKE MICHIGAN CREDIT UNION, having originated $6,755,000 in loans. In third place, with 8.2%, is QUICKEN LOANS, LLC, having originated $6,690,000 in loans. In fourth place, with 7.4%, is PNC Bank, having originated $6,015,000 in loans. In fifth place, with 5.2%, is The Huntington National Bank, having originated $4,205,000 in loans.

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

    Realtor.com - Ludington (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 $192,950 (19.3%) $283,324 (7.3%) 0.00 159
    2018-02-01 $189,900 (8.2%) $273,913 (-0.8%) 0.00 157
    2018-03-01 $189,900 (7.5%) $273,751 (1.5%) 0.00 146
    2018-04-01 $199,900 (24.9%) $278,902 (8.7%) 0.00 161
    2018-05-01 $199,900 (16.9%) $287,104 (12.2%) 0.00 169
    2018-06-01 $212,500 (18.1%) $300,738 (12.4%) 0.00 196
    2018-07-01 $214,975 (19.8%) $303,928 (15.1%) 0.00 207
    2018-08-01 $213,500 (22.1%) $299,790 (12.5%) 0.00 201
    2018-09-01 $199,900 (14.9%) $293,112 (7.2%) 0.00 200
    2018-10-01 $199,400 (11.0%) $282,495 (2.0%) 0.00 192
    2018-11-01 $192,425 (-1.3%) $276,325 (1.0%) 0.00 183
    2018-12-01 $182,400 (-4.0%) $276,735 (-1.5%) 0.00 162
    2019-01-01 $182,425 (-5.5%) $273,911 (-3.3%) 0.00 151
    2019-02-01 $182,425 (-3.9%) $275,393 (0.5%) 0.00 146
    2019-03-01 $191,329 (0.8%) $280,582 (2.5%) 0.00 144
    2019-04-01 $195,379 (-2.3%) $280,745 (0.7%) 0.00 149
    2019-05-01 $194,900 (-2.5%) $267,053 (-7.0%) 0.00 165
    2019-06-01 $215,000 (1.2%) $271,758 (-9.6%) 0.00 176
    2019-07-01 $229,000 (6.5%) $285,115 (-6.2%) 0.00 196
    2019-08-01 $225,845 (5.8%) $288,126 (-3.9%) 0.00 197
    2019-09-01 $231,839 (16.0%) $292,065 (-0.4%) 0.00 195
    2019-10-01 $236,500 (18.6%) $296,316 (4.9%) 0.00 194
    2019-11-01 $211,500 (9.9%) $286,619 (3.7%) 0.00 187
    2019-12-01 $222,000 (21.7%) $289,737 (4.7%) 0.00 171
    2020-01-01 $226,225 (24.0%) $286,277 (4.5%) 0.00 148
    2020-02-01 $225,000 (23.3%) $272,774 (-1.0%) 0.00 141
    2020-03-01 $236,500 (23.6%) $283,315 (1.0%) 0.00 137
    2020-04-01 $235,500 (20.5%) $284,463 (1.3%) 0.00 131
    2020-05-01 $236,500 (21.3%) $281,137 (5.3%) 0.00 149
    2020-06-01 $232,000 (7.9%) $290,200 (6.8%) 0.00 147
    2020-07-01 $246,925 (7.8%) $312,841 (9.7%) 0.00 134
    2020-08-01 $249,000 (10.3%) $339,131 (17.7%) 0.00 108
    2020-09-01 $241,500 (4.2%) $337,030 (15.4%) 0.00 94
    2020-10-01 $215,000 (-9.1%) $323,689 (9.2%) 0.00 86
    2020-11-01 $219,225 (3.7%) $322,046 (12.4%) 0.00 81
    2020-12-01 $224,225 (1.0%) $323,623 (11.7%) 0.00 71
    2021-01-01 $244,900 (8.3%) $324,436 (13.3%) 0.00 54
    2021-02-01 $272,450 (21.1%) $354,514 (30.0%) 0.00 48
    2021-03-01 $280,100 (18.4%) $368,242 (30.0%) 0.00 41
    2021-04-01 $299,000 (27.0%) $421,345 (48.1%) 0.00 56
    2021-05-01 $299,000 (26.4%) $377,554 (34.3%) 0.00 59
    2021-06-01 $296,500 (27.8%) $386,676 (33.2%) 0.00 70
    2021-07-01 $295,000 (19.5%) $372,867 (19.2%) 0.00 68
    2021-08-01 $299,725 (20.4%) $378,634 (11.7%) 0.00 67
    2021-09-01 $281,975 (16.8%) $359,984 (6.8%) 0.00 67
    2021-10-01 $279,000 (29.8%) $341,925 (5.6%) 0.00 65
    2021-11-01 $277,000 (26.4%) $401,636 (24.7%) 0.00 52
    2021-12-01 $282,000 (25.8%) $397,551 (22.8%) 0.00 55
    2022-01-01 $342,000 (39.7%) $452,597 (39.5%) 0.00 44
    2022-02-01 $360,000 (32.1%) $475,940 (34.3%) 0.00 36
    2022-03-01 $335,950 (19.9%) $465,191 (26.3%) 0.00 33
    2022-04-01 $337,000 (12.7%) $466,554 (10.7%) 0.00 35
    2022-05-01 $397,500 (32.9%) $457,415 (21.2%) 0.00 51
    2022-06-01 $376,000 (26.8%) $439,483 (13.7%) 0.00 55
    2022-07-01 $289,900 (-1.7%) $384,348 (3.1%) 0.00 67
    2022-08-01 $286,675 (-4.4%) $384,896 (1.7%) 0.00 79
    2022-09-01 $288,725 (2.4%) $389,723 (8.3%) 0.00 78
    2022-10-01 $262,450 (-5.9%) $382,374 (11.8%) 0.00 81
    2022-11-01 $280,000 (1.1%) $391,989 (-2.4%) 0.00 73
    2022-12-01 $259,000 (-8.2%) $373,986 (-5.9%) 0.00 60
    2023-01-01 $236,175 (-30.9%) $375,919 (-16.9%) 0.00 47
    2023-02-01 $229,850 (-36.2%) $375,917 (-21.0%) 0.00 36
    2023-03-01 $235,950 (-29.8%) $385,323 (-17.2%) 0.00 32
    2023-04-01 $289,900 (-14.0%) $375,418 (-19.5%) 0.00 31
    2023-05-01 $287,000 (-27.8%) $411,757 (-10.0%) 0.00 40
    2023-06-01 $287,000 (-23.7%) $401,862 (-8.6%) 0.00 44
    2023-07-01 $304,500 (5.0%) $432,436 (12.5%) 0.00 45
    2023-08-01 $296,900 (3.6%) $422,917 (9.9%) 0.00 52
    2023-09-01 $298,950 (3.5%) $401,378 (3.0%) 0.00 67
    2023-10-01 $299,675 (14.2%) $401,740 (5.1%) 0.00 72
    2023-11-01 $360,000 (28.6%) $421,564 (7.5%) 0.00 75
    2023-12-01 $379,900 (46.7%) $445,188 (19.0%) 0.00 75
    2024-01-01 $384,725 (62.9%) $436,586 (16.1%) 0.00 65
    2024-02-01 $389,900 (69.6%) $437,577 (16.4%) 0.00 61
    2024-03-01 $389,900 (65.3%) $399,974 (3.8%) 0.00 74
    2024-04-01 $394,000 (35.9%) $405,404 (8.0%) 0.00 82
    2024-05-01 $377,450 (31.5%) $413,952 (0.5%) 0.00 94
    2024-06-01 $349,900 (21.9%) $417,351 (3.9%) 0.00 105
    2024-07-01 $364,700 (19.8%) $426,736 (-1.3%) 0.00 106
    2024-08-01 $368,700 (24.2%) $431,837 (2.1%) 0.00 106
    2024-09-01 $310,000 (3.7%) $411,406 (2.5%) 0.00 113
    2024-10-01 $297,475 (-0.7%) $386,263 (-3.9%) 0.00 108
    2024-11-01 $290,000 (-19.4%) $372,550 (-11.6%) 0.00 109
    2024-12-01 $267,450 (-29.6%) $356,000 (-20.0%) 0.00 90
    2025-01-01 $279,225 (-27.4%) $361,054 (-17.3%) 0.00 82
    2025-02-01 $291,225 (-25.3%) $384,869 (-12.1%) 0.00 78
    2025-03-01 $296,450 (-24.0%) $397,422 (-0.6%) 0.00 70
    Ludington's median listing price for 2025-03-01 was $296,450, a difference of $-93,450 (-24.0%) versus the prior year and $5,225 versus the prior month.

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

    Ludington's average listing price for 2025-03-01 was $397,422, a difference of $-2,552 (-0.6%) versus the prior year and $12,553 versus the prior month.

    For the 2025-03-01 period, Ludington had 70 MLS listings, a difference of -8 listings (-10%) versus the prior month and -4 listings (-5%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ludington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,778 sqft
    2018-02-01 0 days 1,744 sqft
    2018-03-01 0 days 1,711 sqft
    2018-04-01 0 days 1,656 sqft
    2018-05-01 0 days 1,590 sqft
    2018-06-01 0 days 1,650 sqft
    2018-07-01 0 days 1,611 sqft
    2018-08-01 0 days 1,611 sqft
    2018-09-01 0 days 1,624 sqft
    2018-10-01 0 days 1,678 sqft
    2018-11-01 0 days 1,610 sqft
    2018-12-01 0 days 1,648 sqft
    2019-01-01 0 days 1,690 sqft
    2019-02-01 0 days 1,706 sqft
    2019-03-01 0 days 1,751 sqft
    2019-04-01 0 days 1,759 sqft
    2019-05-01 0 days 1,700 sqft
    2019-06-01 0 days 1,644 sqft
    2019-07-01 0 days 1,755 sqft
    2019-08-01 0 days 1,764 sqft
    2019-09-01 0 days 1,757 sqft
    2019-10-01 0 days 1,752 sqft
    2019-11-01 0 days 1,712 sqft
    2019-12-01 0 days 1,703 sqft
    2020-01-01 0 days 1,667 sqft
    2020-02-01 0 days 1,624 sqft
    2020-03-01 0 days 1,611 sqft
    2020-04-01 0 days 1,540 sqft
    2020-05-01 0 days 1,570 sqft
    2020-06-01 0 days 1,619 sqft
    2020-07-01 0 days 1,696 sqft
    2020-08-01 0 days 1,700 sqft
    2020-09-01 0 days 1,700 sqft
    2020-10-01 0 days 1,616 sqft
    2020-11-01 0 days 1,597 sqft
    2020-12-01 0 days 1,489 sqft
    2021-01-01 0 days 1,452 sqft
    2021-02-01 0 days 1,523 sqft
    2021-03-01 0 days 1,523 sqft
    2021-04-01 0 days 1,523 sqft
    2021-05-01 0 days 1,792 sqft
    2021-06-01 0 days 1,723 sqft
    2021-07-01 0 days 1,644 sqft
    2021-08-01 0 days 1,583 sqft
    2021-09-01 0 days 1,562 sqft
    2021-10-01 0 days 1,562 sqft
    2021-11-01 0 days 1,590 sqft
    2021-12-01 0 days 1,561 sqft
    2022-01-01 0 days 1,602 sqft
    2022-02-01 0 days 1,902 sqft
    2022-03-01 0 days 2,006 sqft
    2022-04-01 0 days 1,995 sqft
    2022-05-01 0 days 2,091 sqft
    2022-06-01 0 days 2,186 sqft
    2022-07-01 0 days 1,874 sqft
    2022-08-01 0 days 1,781 sqft
    2022-09-01 0 days 1,799 sqft
    2022-10-01 0 days 1,730 sqft
    2022-11-01 0 days 1,773 sqft
    2022-12-01 0 days 1,624 sqft
    2023-01-01 0 days 1,510 sqft
    2023-02-01 0 days 1,567 sqft
    2023-03-01 0 days 1,568 sqft
    2023-04-01 0 days 1,600 sqft
    2023-05-01 0 days 1,619 sqft
    2023-06-01 0 days 1,512 sqft
    2023-07-01 0 days 1,568 sqft
    2023-08-01 0 days 1,557 sqft
    2023-09-01 0 days 1,663 sqft
    2023-10-01 0 days 1,692 sqft
    2023-11-01 0 days 1,752 sqft
    2023-12-01 0 days 1,780 sqft
    2024-01-01 0 days 1,722 sqft
    2024-02-01 0 days 1,704 sqft
    2024-03-01 0 days 1,780 sqft
    2024-04-01 0 days 1,780 sqft
    2024-05-01 0 days 1,780 sqft
    2024-06-01 0 days 1,701 sqft
    2024-07-01 0 days 1,774 sqft
    2024-08-01 0 days 1,754 sqft
    2024-09-01 0 days 1,701 sqft
    2024-10-01 0 days 1,679 sqft
    2024-11-01 0 days 1,630 sqft
    2024-12-01 0 days 1,616 sqft
    2025-01-01 0 days 1,601 sqft
    2025-02-01 0 days 1,602 sqft
    2025-03-01 0 days 1,670 sqft
    Ludington's median listing age (time on market) for 2025-03-01 was 0 days.

    Ludington's median square footage for active listings during the 2025-03-01 period was 1,670 sqft. One year prior, the average listing was 1,780 sqft.

    Ludington, MI Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 180 $48,380,000 $268,778
    Cash Out Refi 62 $10,080,000 $162,581
    Refi 52 $12,710,000 $244,423
    Other 51 $5,565,000 $109,118
    Home Improvement 50 $4,770,000 $95,400

    Ludington's most frequently cited loan purpose was Home Purchase, with 180 originations. The 2nd most popular reason was Cash Out Refi, with 62 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 169 $44,185,000 $261,450
    7-8% 88 $16,520,000 $187,727
    Over 8% 86 $9,540,000 $110,930
    5-6% 27 $5,545,000 $205,370
    4-5% 2 $320,000 $160,000

    During 2024, Ludington's most frequently originated rate bucket was 6-7%, with 169 originations.

    Loan Sizing (Ludington, MI MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 137 $20,345,000 $148,504
    $200k-400k 114 $29,120,000 $255,439
    $100,000 or less 106 $6,350,000 $59,906
    $400k-600k 24 $11,710,000 $487,917
    $600k-1000k 11 $7,745,000 $704,091
    $Over $1MM 3 $6,235,000 $2,078,333

    Ludington's loan sizing saw the bucket of loans from $100k-200k with 137 originations, totaling $20,345,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 108 $27,640,000 $255,926
    60-80% 88 $21,240,000 $241,364
    20-40% 63 $7,235,000 $114,841
    40-60% 59 $15,885,000 $269,237
    Under 20% 43 $2,215,000 $51,512
    Over 100% 4 $810,000 $202,500

    Ludington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 108 originations, totaling $27,640,000 in origination value.