Macomb Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Macomb averaged
6.52%
for the week of 2024-12-12, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2024-12-05) was
6.81% and
one month ago for the week of 2024-11-07, the
average rate was 6.91%.
Macomb's average rate one year ago was 6.75%.
For refis of the same type during the week of 2024-12-12, the average rate
was 6.7%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-12-12 | 6.6% |
Macomb 30 Year Fixed Rate | 2024-12-12 | 6.52% |
Macomb 30 Year Fixed Rate Refi | 2024-12-12 | 6.7% |
Macomb 15 Year Fixed Rate | 2024-12-12 | 6.04% |
Macomb 15 Year Fixed Rate Refi | 2024-12-12 | 6.44% |
Macomb 30 Year FHA | 2024-12-12 | 6.18% |
Macomb 30 Year FHA Refi | 2024-12-12 | 6.28% |
Macomb 30 Year USDA | 2024-12-12 | 6.4% |
Macomb 30 Year USDA Refi | 2024-12-12 | 6.4% |
Macomb 30 Year VA | 2024-12-12 | 6.18% |
Macomb 30 Year VA Refi | 2024-12-12 | 6.28% |
Macomb 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 Macomb, IL 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.).
Macomb Average Closing Costs & Other Stats
Macomb, IL's 29 lenders originated 293
loans during 2023. The total origination value was $30,325,000, with an average loan value of
$103,498.
Macomb's average closing costs are $3,087.
The top Macomb lender as defined by loan originations is Morton Community Bank, with
29 loans originated. Their average total fees are
$2,355, which is $196
higher than the next largest lender,
United Community Bank.
The lowest fee Macomb lenders (with over 10 loans originated) are
Fortress Bank ($2,071), United Community Bank ($2,159), Morton Community Bank ($2,355), .
The lowest rate Macomb lenders (with over 10 loans originated) are
Morton Community Bank (6.42%), United Community Bank (6.58%), Fortress Bank (6.76%), .
Macomb, IL 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 |
---|---|---|---|---|
Morton Community Bank | $6,925,000 | $5,780,000 | -16.5% | 19.1% |
United Community Bank | $4,480,000 | $3,005,000 | -32.9% | 9.9% |
MidAmerica National Bank | $3,600,000 | $2,650,000 | -26.4% | 8.7% |
First Bankers Trust Company | $1,775,000 | $1,625,000 | -8.5% | 5.4% |
Fortress Bank | $1,835,000 | $1,575,000 | -14.2% | 5.2% |
Mortgage Research Center, LLC | $2,420,000 | $1,480,000 | -38.8% | 4.9% |
QUICKEN LOANS, LLC | $2,175,000 | $1,430,000 | -34.3% | 4.7% |
Flanagan State Bank | $2,250,000 | $1,420,000 | -36.9% | 4.7% |
FLAT BRANCH MORTGAGE, INC. | $430,000 | $1,245,000 | 189.5% | 4.1% |
Bank of Springfield | $490,000 | $900,000 | 83.7% | 3.0% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $75,000 | $515,000 | 586.7% | 1.7% |
I. H. MISSISSIPPI VALLEY CREDIT UNION | $245,000 | $480,000 | 95.9% | 1.6% |
First American Bank | $455,000 | n/a | 1.5% | |
PENNYMAC LOAN SERVICES, LLC | $285,000 | $455,000 | 59.6% | 1.5% |
BROKER SOLUTIONS, INC. | $610,000 | $420,000 | -31.1% | 1.4% |
NAVY FEDERAL CREDIT UNION | $320,000 | $395,000 | 23.4% | 1.3% |
JPMorgan Chase Bank | $220,000 | $385,000 | 75.0% | 1.3% |
ZILLOW HOME LOANS, LLC | $355,000 | n/a | 1.2% | |
Mr. Cooper ( Nationstar Mortgage ) | $55,000 | $280,000 | 409.1% | 0.9% |
CITIZENS EQUITY FIRST | $550,000 | $275,000 | -50.0% | 0.9% |
Midwest Bank | $495,000 | $260,000 | -47.5% | 0.9% |
AMERISAVE MORTGAGE CORPORATION | $65,000 | $220,000 | 238.5% | 0.7% |
CBI Bank & Trust | $190,000 | $220,000 | 15.8% | 0.7% |
ROYAL UNITED MORTGAGE LLC | $75,000 | $210,000 | 180.0% | 0.7% |
Bank of America | $195,000 | n/a | 0.6% | |
HomeBank | $185,000 | n/a | 0.6% | |
PURDUE FEDERAL CREDIT UNION | $175,000 | n/a | 0.6% | |
RUHL MORTGAGE, LLC | $175,000 | n/a | 0.6% | |
ENDEAVOR CAPITAL, LLC. | $155,000 | n/a | 0.5% | |
First National Bank of Omaha | $155,000 | n/a | 0.5% | |
Heartland Bank and Trust Company | $155,000 | n/a | 0.5% | |
DAS Acquisition Company, LLC | $145,000 | n/a | 0.5% | |
INB | $55,000 | $145,000 | 163.6% | 0.5% |
Arvest Bank | $125,000 | n/a | 0.4% | |
Pinnacle Bank | $125,000 | n/a | 0.4% | |
Carrington Mortgage Services, LLC | $200,000 | $115,000 | -42.5% | 0.4% |
Credit Union 1 | $115,000 | n/a | 0.4% | |
Truist | $115,000 | n/a | 0.4% | |
COMPEER FINANCIAL, FLCA | $1,265,000 | $105,000 | -91.7% | 0.3% |
GUARANTEED RATE AFFINITY, LLC | $165,000 | $105,000 | -36.4% | 0.3% |
LOANDEPOT.COM, LLC | $105,000 | $105,000 | 0.0% | 0.3% |
UNITED WHOLESALE MORTGAGE, LLC | $65,000 | $105,000 | 61.5% | 0.3% |
First Mid Bank & Trust | $130,000 | $95,000 | -26.9% | 0.3% |
FIRST STATE MORTGAGE SERVICES, LLC | $95,000 | n/a | 0.3% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $140,000 | $95,000 | -32.1% | 0.3% |
The Huntington National Bank | $95,000 | n/a | 0.3% | |
CALIBER HOME LOANS, INC. | $225,000 | $90,000 | -60.0% | 0.3% |
Discover Bank | $35,000 | $90,000 | 157.1% | 0.3% |
Alliance Community Bank | $85,000 | n/a | 0.3% | |
State Bank of Graymont | $85,000 | n/a | 0.3% | |
CNB Bank And Trust, N.A. | $65,000 | n/a | 0.2% | |
FIRST CENTENNIAL MORTGAGE CORPORATION | $65,000 | n/a | 0.2% | |
LEADERONE FINANCIAL CORPORATION | $55,000 | $65,000 | 18.2% | 0.2% |
West Central Bank | $545,000 | $65,000 | -88.1% | 0.2% |
Marine Bank | $1,175,000 | $60,000 | -94.9% | 0.2% |
Community Mortgage Banc Corporation | $120,000 | $55,000 | -54.2% | 0.2% |
Firefighters First Federal Credit Union | $55,000 | $55,000 | 0.0% | 0.2% |
Ipava State Bank | $700,000 | $55,000 | -92.1% | 0.2% |
TBK BANK, SSB | $55,000 | n/a | 0.2% | |
The Fisher National Bank | $65,000 | $55,000 | -15.4% | 0.2% |
U.S. Bank | $215,000 | $55,000 | -74.4% | 0.2% |
CIBM Bank | $45,000 | n/a | 0.1% | |
UNION HOME MORTGAGE CORP. | $45,000 | n/a | 0.1% | |
FIRST COMMUNITY | $35,000 | n/a | 0.1% |
Macomb's top lender by overall market share is Morton Community Bank, with 19.1% market share. In second place, with 9.9%, is United Community Bank, having originated $3,005,000 in loans. In third place, with 8.7%, is MidAmerica National Bank, having originated $2,650,000 in loans. In fourth place, with 5.4%, is First Bankers Trust Company, having originated $1,625,000 in loans. In fifth place, with 5.2%, is Fortress Bank, having originated $1,575,000 in loans.
Macomb Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Macomb (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 | $99,400 (10.6%) | $124,219 (10.6%) | 0.00 | 187 |
2018-02-01 | $95,050 (5.7%) | $121,144 (7.2%) | 0.00 | 192 |
2018-03-01 | $96,000 (6.0%) | $121,702 (3.9%) | 0.00 | 194 |
2018-04-01 | $98,350 (8.1%) | $122,034 (4.6%) | 0.00 | 205 |
2018-05-01 | $97,300 (4.9%) | $119,007 (0.0%) | 0.00 | 218 |
2018-06-01 | $94,900 (-2.5%) | $115,526 (-4.2%) | 0.00 | 222 |
2018-07-01 | $93,700 (-1.6%) | $114,800 (-3.5%) | 0.00 | 245 |
2018-08-01 | $92,250 (-4.2%) | $114,551 (-6.3%) | 0.00 | 246 |
2018-09-01 | $89,900 (-9.8%) | $111,963 (-9.7%) | 0.00 | 236 |
2018-10-01 | $89,900 (-10.1%) | $112,011 (-10.7%) | 0.00 | 229 |
2018-11-01 | $89,400 (-15.4%) | $109,292 (-12.9%) | 0.00 | 230 |
2018-12-01 | $85,500 (-14.4%) | $104,984 (-15.2%) | 0.00 | 228 |
2019-01-01 | $84,900 (-14.6%) | $104,227 (-16.1%) | 0.00 | 228 |
2019-02-01 | $84,900 (-10.7%) | $104,728 (-13.6%) | 0.00 | 222 |
2019-03-01 | $88,714 (-7.6%) | $109,121 (-10.3%) | 0.00 | 220 |
2019-04-01 | $97,350 (-1.0%) | $117,630 (-3.6%) | 0.00 | 221 |
2019-05-01 | $93,700 (-3.7%) | $117,380 (-1.4%) | 0.00 | 227 |
2019-06-01 | $90,000 (-5.2%) | $117,684 (1.9%) | 0.00 | 216 |
2019-07-01 | $89,900 (-4.1%) | $117,945 (2.7%) | 0.00 | 215 |
2019-08-01 | $88,550 (-4.0%) | $116,365 (1.6%) | 0.00 | 209 |
2019-09-01 | $86,525 (-3.8%) | $113,299 (1.2%) | 0.00 | 205 |
2019-10-01 | $85,175 (-5.3%) | $110,846 (-1.0%) | 0.00 | 201 |
2019-11-01 | $82,900 (-7.3%) | $105,541 (-3.4%) | 0.00 | 202 |
2019-12-01 | $79,900 (-6.6%) | $102,812 (-2.1%) | 0.00 | 189 |
2020-01-01 | $79,900 (-5.9%) | $102,540 (-1.6%) | 0.00 | 174 |
2020-02-01 | $83,950 (-1.1%) | $106,436 (1.6%) | 0.00 | 168 |
2020-03-01 | $84,900 (-4.3%) | $107,538 (-1.5%) | 0.00 | 173 |
2020-04-01 | $86,100 (-11.6%) | $109,517 (-6.9%) | 0.00 | 172 |
2020-05-01 | $87,200 (-6.9%) | $109,732 (-6.5%) | 0.00 | 166 |
2020-06-01 | $87,200 (-3.1%) | $107,522 (-8.6%) | 0.00 | 162 |
2020-07-01 | $87,200 (-3.0%) | $106,444 (-9.8%) | 0.00 | 162 |
2020-08-01 | $85,000 (-4.0%) | $105,446 (-9.4%) | 0.00 | 164 |
2020-09-01 | $85,400 (-1.3%) | $109,131 (-3.7%) | 0.00 | 172 |
2020-10-01 | $72,900 (-14.4%) | $95,807 (-13.6%) | 0.00 | 205 |
2020-11-01 | $69,900 (-15.7%) | $91,947 (-12.9%) | 0.00 | 212 |
2020-12-01 | $67,925 (-15.0%) | $86,458 (-15.9%) | 0.00 | 207 |
2021-01-01 | $65,000 (-18.7%) | $85,837 (-16.3%) | 0.00 | 202 |
2021-02-01 | $65,000 (-22.6%) | $82,529 (-22.5%) | 0.00 | 196 |
2021-03-01 | $67,125 (-20.9%) | $83,438 (-22.4%) | 0.00 | 192 |
2021-04-01 | $66,000 (-23.3%) | $82,795 (-24.4%) | 0.00 | 174 |
2021-05-01 | $62,900 (-27.9%) | $79,210 (-27.8%) | 0.00 | 164 |
2021-06-01 | $59,900 (-31.3%) | $80,477 (-25.2%) | 0.00 | 158 |
2021-07-01 | $60,000 (-31.2%) | $90,012 (-15.4%) | 0.00 | 171 |
2021-08-01 | $59,950 (-29.5%) | $91,030 (-13.7%) | 0.00 | 170 |
2021-09-01 | $59,900 (-29.9%) | $91,484 (-16.2%) | 0.00 | 156 |
2021-10-01 | $61,600 (-15.5%) | $92,696 (-3.3%) | 0.00 | 159 |
2021-11-01 | $63,136 (-9.7%) | $94,165 (2.4%) | 0.00 | 145 |
2021-12-01 | $61,257 (-9.8%) | $94,136 (8.9%) | 0.00 | 129 |
2022-01-01 | $59,900 (-7.9%) | $96,289 (12.2%) | 0.00 | 113 |
2022-02-01 | $59,450 (-8.5%) | $95,989 (16.3%) | 0.00 | 100 |
2022-03-01 | $56,375 (-16.0%) | $94,343 (13.1%) | 0.00 | 93 |
2022-04-01 | $56,000 (-15.2%) | $91,928 (11.0%) | 0.00 | 91 |
2022-05-01 | $58,850 (-6.4%) | $92,890 (17.3%) | 0.00 | 96 |
2022-06-01 | $59,900 (0.0%) | $98,784 (22.8%) | 0.00 | 92 |
2022-07-01 | $65,000 (8.3%) | $101,198 (12.4%) | 0.00 | 97 |
2022-08-01 | $69,450 (15.9%) | $98,948 (8.7%) | 0.00 | 109 |
2022-09-01 | $69,225 (15.6%) | $97,972 (7.1%) | 0.00 | 104 |
2022-10-01 | $72,400 (17.5%) | $100,479 (8.4%) | 0.00 | 97 |
2022-11-01 | $74,400 (17.8%) | $112,917 (19.9%) | 0.00 | 96 |
2022-12-01 | $72,900 (19.0%) | $111,198 (18.1%) | 0.00 | 95 |
2023-01-01 | $71,150 (18.8%) | $101,905 (5.8%) | 0.00 | 81 |
2023-02-01 | $70,650 (18.8%) | $94,307 (-1.8%) | 0.00 | 76 |
2023-03-01 | $69,900 (24.0%) | $101,503 (7.6%) | 0.00 | 72 |
2023-04-01 | $69,900 (24.8%) | $107,546 (17.0%) | 0.00 | 64 |
2023-05-01 | $75,000 (27.4%) | $125,344 (34.9%) | 0.00 | 59 |
2023-06-01 | $80,675 (34.7%) | $137,267 (39.0%) | 0.00 | 64 |
2023-07-01 | $75,750 (16.5%) | $120,419 (19.0%) | 0.00 | 75 |
2023-08-01 | $72,450 (4.3%) | $104,481 (5.6%) | 0.00 | 59 |
2023-09-01 | $80,900 (16.9%) | $114,715 (17.1%) | 0.00 | 67 |
2023-10-01 | $74,975 (3.6%) | $111,695 (11.2%) | 0.00 | 76 |
2023-11-01 | $74,900 (0.7%) | $110,515 (-2.1%) | 0.00 | 77 |
2023-12-01 | $79,900 (9.6%) | $113,530 (2.1%) | 0.00 | 67 |
2024-01-01 | $86,250 (21.2%) | $116,596 (14.4%) | 0.00 | 67 |
2024-02-01 | $84,400 (19.5%) | $111,852 (18.6%) | 0.00 | 60 |
2024-03-01 | $98,000 (40.2%) | $115,393 (13.7%) | 0.00 | 68 |
2024-04-01 | $94,900 (35.8%) | $119,914 (11.5%) | 0.00 | 71 |
2024-05-01 | $112,875 (50.5%) | $128,483 (2.5%) | 0.00 | 76 |
2024-06-01 | $119,900 (48.6%) | $142,072 (3.5%) | 0.00 | 83 |
2024-07-01 | $129,925 (71.5%) | $147,775 (22.7%) | 0.00 | 72 |
2024-08-01 | $122,600 (69.2%) | $148,119 (41.8%) | 0.00 | 83 |
2024-09-01 | $123,700 (52.9%) | $141,393 (23.3%) | 0.00 | 86 |
2024-10-01 | $119,400 (59.3%) | $136,639 (22.3%) | 0.00 | 95 |
2024-11-01 | $118,000 (57.5%) | $139,350 (26.1%) | 0.00 | 98 |
Macomb's median listing price comes in at 0% of the national average.
Macomb's average listing price for 2024-11-01 was $139,350, a difference of $28,835 (26.1%) versus the prior year and $2,711 versus the prior month.
For the 2024-11-01 period, Macomb had 98 MLS listings, a difference of 3 listings (3%) versus the prior month and 21 listings (27%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Macomb (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,720 sqft |
2018-02-01 | 0 days | 1,668 sqft |
2018-03-01 | 0 days | 1,688 sqft |
2018-04-01 | 0 days | 1,709 sqft |
2018-05-01 | 0 days | 1,663 sqft |
2018-06-01 | 0 days | 1,616 sqft |
2018-07-01 | 0 days | 1,668 sqft |
2018-08-01 | 0 days | 1,632 sqft |
2018-09-01 | 0 days | 1,606 sqft |
2018-10-01 | 0 days | 1,620 sqft |
2018-11-01 | 0 days | 1,576 sqft |
2018-12-01 | 0 days | 1,569 sqft |
2019-01-01 | 0 days | 1,594 sqft |
2019-02-01 | 0 days | 1,620 sqft |
2019-03-01 | 0 days | 1,703 sqft |
2019-04-01 | 0 days | 1,800 sqft |
2019-05-01 | 0 days | 1,825 sqft |
2019-06-01 | 0 days | 1,802 sqft |
2019-07-01 | 0 days | 1,800 sqft |
2019-08-01 | 0 days | 1,741 sqft |
2019-09-01 | 0 days | 1,653 sqft |
2019-10-01 | 0 days | 1,576 sqft |
2019-11-01 | 0 days | 1,560 sqft |
2019-12-01 | 0 days | 1,535 sqft |
2020-01-01 | 0 days | 1,537 sqft |
2020-02-01 | 0 days | 1,604 sqft |
2020-03-01 | 0 days | 1,597 sqft |
2020-04-01 | 0 days | 1,623 sqft |
2020-05-01 | 0 days | 1,632 sqft |
2020-06-01 | 0 days | 1,612 sqft |
2020-07-01 | 0 days | 1,582 sqft |
2020-08-01 | 0 days | 1,560 sqft |
2020-09-01 | 0 days | 1,539 sqft |
2020-10-01 | 0 days | 1,472 sqft |
2020-11-01 | 0 days | 1,489 sqft |
2020-12-01 | 0 days | 1,456 sqft |
2021-01-01 | 0 days | 1,468 sqft |
2021-02-01 | 0 days | 1,462 sqft |
2021-03-01 | 0 days | 1,432 sqft |
2021-04-01 | 0 days | 1,424 sqft |
2021-05-01 | 0 days | 1,354 sqft |
2021-06-01 | 0 days | 1,341 sqft |
2021-07-01 | 0 days | 1,338 sqft |
2021-08-01 | 0 days | 1,351 sqft |
2021-09-01 | 0 days | 1,411 sqft |
2021-10-01 | 0 days | 1,427 sqft |
2021-11-01 | 0 days | 1,360 sqft |
2021-12-01 | 0 days | 1,341 sqft |
2022-01-01 | 0 days | 1,346 sqft |
2022-02-01 | 0 days | 1,344 sqft |
2022-03-01 | 0 days | 1,343 sqft |
2022-04-01 | 0 days | 1,302 sqft |
2022-05-01 | 0 days | 1,345 sqft |
2022-06-01 | 0 days | 1,375 sqft |
2022-07-01 | 0 days | 1,483 sqft |
2022-08-01 | 0 days | 1,583 sqft |
2022-09-01 | 0 days | 1,553 sqft |
2022-10-01 | 0 days | 1,531 sqft |
2022-11-01 | 0 days | 1,564 sqft |
2022-12-01 | 0 days | 1,509 sqft |
2023-01-01 | 0 days | 1,432 sqft |
2023-02-01 | 0 days | 1,477 sqft |
2023-03-01 | 0 days | 1,389 sqft |
2023-04-01 | 0 days | 1,368 sqft |
2023-05-01 | 0 days | 1,368 sqft |
2023-06-01 | 0 days | 1,467 sqft |
2023-07-01 | 0 days | 1,424 sqft |
2023-08-01 | 0 days | 1,378 sqft |
2023-09-01 | 0 days | 1,521 sqft |
2023-10-01 | 0 days | 1,480 sqft |
2023-11-01 | 0 days | 1,515 sqft |
2023-12-01 | 0 days | 1,486 sqft |
2024-01-01 | 0 days | 1,480 sqft |
2024-02-01 | 0 days | 1,403 sqft |
2024-03-01 | 0 days | 1,507 sqft |
2024-04-01 | 0 days | 1,543 sqft |
2024-05-01 | 0 days | 1,596 sqft |
2024-06-01 | 0 days | 1,625 sqft |
2024-07-01 | 0 days | 1,666 sqft |
2024-08-01 | 0 days | 1,600 sqft |
2024-09-01 | 0 days | 1,695 sqft |
2024-10-01 | 0 days | 1,553 sqft |
2024-11-01 | 0 days | 1,562 sqft |
Macomb's median square footage for active listings during the 2024-11-01 period was 1,562 sqft. One year prior, the average listing was 1,515 sqft.
Macomb, IL Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 228 | $26,010,000 | $114,079 |
Cash Out Refi | 22 | $1,600,000 | $72,727 |
Refi | 20 | $1,460,000 | $73,000 |
Home Improvement | 14 | $650,000 | $46,429 |
Other | 9 | $605,000 | $67,222 |
Macomb's most frequently cited loan purpose was Home Purchase, with 228 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 107 | $11,915,000 | $111,355 |
7-8% | 82 | $8,680,000 | $105,854 |
5-6% | 34 | $3,710,000 | $109,118 |
Over 8% | 26 | $1,950,000 | $75,000 |
4-5% | 3 | $235,000 | $78,333 |
<2.5% | 1 | $235,000 | $235,000 |
During 2023, Macomb's most frequently originated rate bucket was 6-7%, with 107 originations.
Loan Sizing (Macomb, IL MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 168 | $9,500,000 | $56,548 |
$100k-200k | 96 | $12,930,000 | $134,688 |
$200k-400k | 26 | $6,440,000 | $247,692 |
$400k-600k | 3 | $1,455,000 | $485,000 |
Macomb's loan sizing saw the bucket of loans from $100,000 or less with 168 originations, totaling $9,500,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 143 | $16,715,000 | $116,888 |
60-80% | 63 | $6,475,000 | $102,778 |
40-60% | 17 | $1,565,000 | $92,059 |
20-40% | 16 | $1,220,000 | $76,250 |
Under 20% | 11 | $265,000 | $24,091 |
Over 100% | 4 | $490,000 | $122,500 |
Macomb's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 143 originations, totaling $16,715,000 in origination value.