MICHIGAN CITY - LA PORTE Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Michigan City - La Porte averaged 7.08% for the week of 2024-02-29, compared to the national average of 6.94% for the same period.

The average rate for the prior week (2024-02-22) was 7.14% and one month ago for the week of 2024-01-25, the average rate was 6.53%.

Michigan City - La Porte's average rate one year ago was 6.87%.

For refis of the same type during the week of 2024-02-29, the average rate was 6.23%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-29 6.94%
Michigan City - La Porte 30 Year Fixed Rate 2024-02-29 7.08%
Michigan City - La Porte 30 Year Fixed Rate Refi 2024-02-29 6.23%
Michigan City - La Porte 15 Year Fixed Rate 2024-02-29 6.26%
Michigan City - La Porte 15 Year Fixed Rate Refi 2024-02-29 5.45%
Michigan City - La Porte 30 Year FHA 2024-02-29 6.19%
Michigan City - La Porte 30 Year FHA Refi 2024-02-29 6.69%
Michigan City - La Porte 30 Year USDA 2024-02-29 6.53%
Michigan City - La Porte 30 Year USDA Refi 2024-02-29 6.53%
Michigan City - La Porte 30 Year VA 2024-02-29 6.42%
Michigan City - La Porte 30 Year VA Refi 2024-02-29 6.42%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MICHIGAN CITY-LA PORTE, IN.

MICHIGAN CITY - LA PORTE 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 MICHIGAN CITY-LA PORTE, IN 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Horizon Bank 141 5.10% $2,930
Centier Bank 91 5.05% $2,532
QUICKEN LOANS, LLC 88 5.09% $5,949
FIRST CENTENNIAL MORTGAGE CORPORATION 57 5.32% $3,572
JPMorgan Chase Bank 41 4.93% $2,648
Fifth Third Bank 37 4.95% $2,810
1st Source Bank 35 5.50% $2,615
HALLMARK HOME MORTGAGE, LLC 33 5.66% $4,016
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 31 5.66% $4,184
The Huntington National Bank 31 4.79% $3,455
TECH Credit Union 29 5.13% $3,027
UNION HOME MORTGAGE CORP. 27 5.21% $4,041
UNITED WHOLESALE MORTGAGE, LLC 23 5.62% $3,968
RUOFF MORTGAGE COMPANY, INC. 23 5.29% $3,094
Wells Fargo Bank 22 4.95% $3,121
PNC Bank 17 4.69% $3,544
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 17 5.06% $4,284
GUARANTEED RATE, INC. 16 4.76% $4,003
LOANDEPOT.COM, LLC 15 4.69% $5,589
TEACHERS CREDIT UNION 15 5.73% $2,751
Bank of England 13 5.46% $4,685
Mr. Cooper ( Nationstar Mortgage ) 11 5.28% $5,629
FREEDOM MORTGAGE CORPORATION 11 5.06% $3,871
UNITED 10 5.03% $2,888
Hometown Lenders, Inc. 10 5.71% $3,693
First Federal Savings Bank 10 5.28% $2,776
PENNYMAC LOAN SERVICES, LLC 9 4.65% $5,518
PRIMELENDING, A PLAINSCAPITAL COMPANY 9 4.65% $4,997
Flagstar Bank, FSB 8 5.60% $3,803
CROSSCOUNTRY MORTGAGE, LLC 8 5.65% $4,047
Farm Credit Mid-America, ACA 8 5.41% $6,606
PURDUE FEDERAL CREDIT UNION 8 4.83% $3,095
U.S. Bank 8 4.25% $3,284
Barrington Bank & Trust Company, N.A. 7 4.71% $4,796
Bank of America 7 3.96% $2,717
AMERISAVE MORTGAGE CORPORATION 7 4.09% $5,216
ROYAL UNITED MORTGAGE LLC 7 5.64% $5,886
PROPER RATE, LLC 6 4.49% $4,392
Associated Bank 6 5.54% $6,055
CALIBER HOME LOANS, INC. 6 5.62% $4,474
Old National Bank 6 4.42% $2,912
NAVY FEDERAL CREDIT UNION 6 6.21% $4,226
COMPASS MORTGAGE, INC. 5 4.12% $3,091
Citibank 5 3.93% $4,103
Charles Schwab Bank, SSB 5 3.28% $2,614
CARDINAL FINANCIAL 5 5.88% $4,958
BMO Harris Bank 5 5.10% $4,927
Morgan Stanley Private Bank 5 4.69% $3,469
AmeriHome Mortgage Company, LLC 5 5.80% $4,063
INOVA FEDERAL CREDIT UNION 5 4.40% $2,298
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 4.92% $4,162
Notre Dame Federal Credit Union Corporation 5 4.83% $3,770
GUARANTEED RATE AFFINITY, LLC 5 5.27% $3,229
LAKEVIEW LOAN SERVICING, LLC 4 5.22% $3,526
AMERIFIRST FINANCIAL CORPORATION 4 6.16% $3,191
BROKER SOLUTIONS, INC. 4 4.19% $7,129
Neighborhood Loans, Inc. 3 4.96% $4,983
SECURITYNATIONAL MORTGAGE COMPANY 3 3.96% $3,124
First Merchants Bank 3 4.46% $2,747
Paramount Residential Mortgage Group, Inc. 3 6.88% $10,077
Honor Credit Union 3 4.88% $3,400
MUTUAL OF OMAHA MORTGAGE, INC. 3 4.92% $3,719
AMERICAN PACIFIC MORTGAGE CORPORATION 3 4.79% $3,531
NEWREZ LLC 3 4.67% $4,134
Plains Commerce Bank 2 5.31% $4,266
ACADEMY MORTGAGE CORPORATION 2 5.88% $3,438
AMERICAN FINANCIAL RESOURCES, INC. 2 5.00% $3,976
AMERICAN FINANCING CORPORATION 2 4.12% $4,483
Carrington Mortgage Services, LLC 2 5.31% $5,018
Citizens Bank 2 5.31% $3,526
Community Mortgage Banc Corporation 2 4.99% $1,989
DRAPER AND KRAMER MORTGAGE CORP. 2 6.31% $5,399
EVANSVILLE TEACHERS 2 3.31% $3,110
HOME POINT FINANCIAL CORPORATION 2 3.12% $5,186
HOMESIDE FINANCIAL, LLC 2 5.13% $2,940
INDIANA MEMBERS CREDIT UNION 2 4.50% $2,657
Key Mortgage Services, Inc. 2 4.56% $2,834
Lake City Bank 2 3.63% $3,388
LAKE MICHIGAN CREDIT UNION 2 5.25% $6,003
MORTGAGE ACCESS CORP. 2 6.31% $4,459
Mortgage Research Center, LLC 2 5.63% $7,776
Nations Lending Corporation 2 4.63% $7,117
Northpointe Bank 2 4.19% $2,563
Marquette Bank 1 3.50% $2,059
MICHIGAN MUTUAL, INC. 1 5.25% $3,831
Midwest Mortgage Associates Corporation 1 6.13% $4,279
MLD MORTGAGE INC. 1 3.99% $4,507
Ixonia Bank 1 6.88% $7,032
Waterstone Mortgage Corporation 1 5.50% $6,787
Mortgage Assurance Inc. 1 5.63% $3,190
ALLIANT CREDIT UNION 1 5.13% $5,658
MOVEMENT MORTGAGE, LLC 1 6.88% $5,182
Independent Bank 1 6.50% $2,541
Mutual Federal Bank 1 3.13% $2,462
ILLINOIS STATE CREDIT UNION 1 5.75% $1,454
Wyndham Capital Mortgage, Inc. 1 3.49% $1,499
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.88% $4,014
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.50% $6,373
HAMILTON HOME LOANS, INC. 1 5.88% $4,169
ZILLOW HOME LOANS, LLC 1 5.63% $7,125
GREENSTATE CREDIT UNION 1 4.38% $3,010
Flanagan State Bank 1 6.88% $5,107
Pacor Mortgage Corp 1 3.75% $3,383
First Savings Bank 1 4.50% $6,741
PARLAY MORTGAGE & PROPERTY, INC. 1 3.75% $5,542
First Midwest Bank 1 2.63% $4,813
PHH Mortgage Corporation 1 4.25% $4,520
First Guaranty Mortgage Corporation 1 7.13% $5,008
First Financial Bank 1 5.88% $2,852
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.99% $7,836
First Farmers Bank and Trust Company 1 7.38% $2,487
EVERETT FINANCIAL, INC. 1 3.50% $902
Prosperity Home Mortgage, LLC 1 3.13% $5,697
PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.75% $2,588
EagleBank 1 3.88% $1,951
Discover Bank 1 3.75% $0
Raymond James Bank 1 4.00% $2,207
Regions Bank 1 4.25% $3,049
DIRECT MORTGAGE LOANS, LLC 1 4.38% $5,755
Credit Union 1 1 3.63% $3,275
CONSUMERS 1 6.50% $2,914
Servion, Inc. 1 5.25% $2,902
SOUTHWEST FUNDING, LP 1 6.50% $4,901
SUCCESS MORTGAGE PARTNERS, INC. 1 7.63% $3,583
Chicago Financial Services, Inc. 1 6.13% $3,004
CHERRY CREEK MORTGAGE, LLC 1 3.63% $450
Texana Bank 1 5.88% $7,647
Busey Bank 1 4.75% $3,623
The State Bank and Trust Company 1 3.63% $3,728
TOP FLITE FINANCIAL, INC. 1 6.50% $12,602
TOWNE MORTGAGE COMPANY 1 3.88% $1,450
Baxter Credit Union 1 7.13% $4,952
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $6,242
UNITED HOME LOANS, INC. 1 5.63% $3,286
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.38% $6,031
UNIVERSITY LENDING GROUP, LLC 1 5.00% $2,787
AMERICAN FIRST 1 3.25% $3,563
VAN DYK MORTGAGE CORPORATION 1 5.75% $5,125
V.I.P. MORTGAGE, INC. 1 5.63% $4,772
Watermark Capital, Inc. 1 3.88% $2,842
LEADERONE FINANCIAL CORPORATION 1 5.99% $3,802
LAKE MORTGAGE COMPANY INC 1 3.75% $2,676
LOANPAL, LLC 1 4.25% $7,196
Loan Simple, Inc. 1 5.99% $6,373

MICHIGAN CITY - LA PORTE Average Closing Costs & Other Stats

MICHIGAN CITY-LA PORTE, IN's 144 lenders originated 3,239 loans during 2022. The total origination value was $542,815,000, with an average loan value of $167,587.

MICHIGAN CITY - LA PORTE's average closing costs are $3,841.

The top MICHIGAN CITY - LA PORTE lender as defined by loan originations is Horizon Bank, with 141 loans originated. Their average total fees are $2,930, which is $398 higher than the next largest lender, Centier Bank.

The lowest fee MICHIGAN CITY - LA PORTE lenders (with over 10 loans originated) are Centier Bank ($2,532), 1st Source Bank ($2,615), JPMorgan Chase Bank ($2,648), TEACHERS CREDIT UNION ($2,751) and First Federal Savings Bank ($2,776).

The lowest rate MICHIGAN CITY - LA PORTE lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC (4.69%), PNC Bank (4.69%), GUARANTEED RATE, INC. (4.76%), The Huntington National Bank (4.79%) and JPMorgan Chase Bank (4.93%).

MICHIGAN CITY-LA PORTE, IN 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
Horizon Bank $101,130,000 $81,045,000 -19.9% 14.9%
QUICKEN LOANS, LLC $61,930,000 $33,575,000 -45.8% 6.2%
Centier Bank $38,935,000 $26,050,000 -33.1% 4.8%
Fifth Third Bank $26,950,000 $18,655,000 -30.8% 3.4%
1st Source Bank $25,865,000 $17,230,000 -33.4% 3.2%
FIRST CENTENNIAL MORTGAGE CORPORATION $20,615,000 $16,020,000 -22.3% 3.0%
JPMorgan Chase Bank $21,625,000 $12,225,000 -43.5% 2.3%
HALLMARK HOME MORTGAGE, LLC $13,905,000 $11,195,000 -19.5% 2.1%
Hinsdale Bank & Trust Company $11,005,000 n/a 2.0%
UNITED WHOLESALE MORTGAGE, LLC $10,885,000 $10,355,000 -4.9% 1.9%
The Huntington National Bank $8,165,000 $10,350,000 26.8% 1.9%
PNC Bank $10,535,000 $9,880,000 -6.2% 1.8%
UNION HOME MORTGAGE CORP. $12,495,000 $9,235,000 -26.1% 1.7%
FREEDOM MORTGAGE CORPORATION $16,370,000 $9,110,000 -44.3% 1.7%
Lake City Bank $460,000 $8,620,000 1,773.9% 1.6%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $15,145,000 $8,390,000 -44.6% 1.5%
GUARANTEED RATE, INC. $17,525,000 $8,065,000 -54.0% 1.5%
RUOFF MORTGAGE COMPANY, INC. $14,505,000 $7,160,000 -50.6% 1.3%
Mortgage Research Center, LLC $10,910,000 $7,090,000 -35.0% 1.3%
Wells Fargo Bank $11,960,000 $7,010,000 -41.4% 1.3%
LOANDEPOT.COM, LLC $15,725,000 $6,735,000 -57.2% 1.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $5,805,000 $5,785,000 -0.3% 1.1%
Barrington Bank & Trust Company, N.A. $2,845,000 $5,305,000 86.5% 1.0%
TECH Credit Union $5,155,000 n/a 0.9%
Farm Credit Mid-America, ACA $3,710,000 $4,395,000 18.5% 0.8%
TEACHERS CREDIT UNION $10,455,000 $4,285,000 -59.0% 0.8%
UNITED $5,575,000 $4,210,000 -24.5% 0.8%
First Federal Savings Bank $4,495,000 $4,165,000 -7.3% 0.8%
Bank of America $2,855,000 $4,075,000 42.7% 0.8%
CALIBER HOME LOANS, INC. $8,965,000 $4,025,000 -55.1% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $7,755,000 $3,865,000 -50.2% 0.7%
CROSSCOUNTRY MORTGAGE, LLC $8,950,000 $3,670,000 -59.0% 0.7%
Morgan Stanley Private Bank $710,000 $3,665,000 416.2% 0.7%
PENNYMAC LOAN SERVICES, LLC $3,230,000 $3,665,000 13.5% 0.7%
Citibank $1,195,000 $3,610,000 202.1% 0.7%
Charles Schwab Bank, SSB $2,535,000 $3,545,000 39.8% 0.7%
PROPER RATE, LLC $8,355,000 $3,525,000 -57.8% 0.6%
PURDUE FEDERAL CREDIT UNION $5,930,000 $3,480,000 -41.3% 0.6%
Bank of England $13,340,000 $3,475,000 -74.0% 0.6%
NAVY FEDERAL CREDIT UNION $685,000 $3,315,000 383.9% 0.6%
U.S. Bank $7,780,000 $3,310,000 -57.5% 0.6%
First Merchants Bank $2,615,000 $3,245,000 24.1% 0.6%
Flagstar Bank, FSB $5,065,000 $3,210,000 -36.6% 0.6%
BMO Harris Bank $1,250,000 $3,140,000 151.2% 0.6%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $2,890,000 $2,825,000 -2.2% 0.5%
MEMBERS ADVANTAGE CREDIT UNION $2,080,000 $2,810,000 35.1% 0.5%
Hometown Lenders, Inc. $4,505,000 $2,730,000 -39.4% 0.5%
Busey Bank $2,725,000 n/a 0.5%
Old National Bank $2,705,000 n/a 0.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,970,000 $2,695,000 36.8% 0.5%
Associated Bank $1,965,000 $2,585,000 31.6% 0.5%
AMERISAVE MORTGAGE CORPORATION $6,155,000 $2,510,000 -59.2% 0.5%
GUARANTEED RATE AFFINITY, LLC $1,995,000 $2,490,000 24.8% 0.5%
CIVIC FINANCIAL SERVICES, LLC $2,475,000 n/a 0.5%
Nations Lending Corporation $1,065,000 $2,165,000 103.3% 0.4%
WALKER & DUNLOP, LLC $2,155,000 n/a 0.4%
Truist $260,000 $2,145,000 725.0% 0.4%
BROKER SOLUTIONS, INC. $1,490,000 $2,045,000 37.2% 0.4%
Ottawa Savings Bank $1,900,000 n/a 0.4%
INOVA FEDERAL CREDIT UNION $3,925,000 $1,895,000 -51.7% 0.3%
First Financial Bank $320,000 $1,865,000 482.8% 0.3%
Carrington Mortgage Services, LLC $2,485,000 $1,785,000 -28.2% 0.3%
Paramount Residential Mortgage Group, Inc. $965,000 $1,685,000 74.6% 0.3%
Neighborhood Loans, Inc. $630,000 $1,665,000 164.3% 0.3%
FINANCE OF AMERICA MORTGAGE LLC $1,605,000 n/a 0.3%
Honor Credit Union $455,000 $1,605,000 252.7% 0.3%
Notre Dame Federal Credit Union Corporation $2,880,000 $1,495,000 -48.1% 0.3%
ROYAL UNITED MORTGAGE LLC $2,790,000 $1,495,000 -46.4% 0.3%
COMPASS MORTGAGE, INC. $2,365,000 $1,485,000 -37.2% 0.3%
American Community Bank of Indiana $900,000 $1,390,000 54.4% 0.3%
NEWREZ LLC $5,830,000 $1,380,000 -76.3% 0.3%
Citizens Bank $1,525,000 $1,325,000 -13.1% 0.2%
LAKEVIEW LOAN SERVICING, LLC $3,735,000 $1,320,000 -64.7% 0.2%
SENB Bank $1,315,000 n/a 0.2%
AmeriHome Mortgage Company, LLC $360,000 $1,300,000 261.1% 0.2%
FIRST TRUST $2,370,000 $1,230,000 -48.1% 0.2%
HOME POINT FINANCIAL CORPORATION $5,645,000 $1,205,000 -78.7% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $1,690,000 $1,170,000 -30.8% 0.2%
NEW DAY FINANCIAL, LLC $1,355,000 $1,165,000 -14.0% 0.2%
GREENSTATE CREDIT UNION $1,130,000 n/a 0.2%
The Federal Savings Bank $3,360,000 $1,120,000 -66.7% 0.2%
Plains Commerce Bank $870,000 $1,115,000 28.2% 0.2%
SECURITYNATIONAL MORTGAGE COMPANY $980,000 $1,095,000 11.7% 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $4,420,000 $1,085,000 -75.5% 0.2%
USAA Federal Savings Bank $2,030,000 $1,085,000 -46.6% 0.2%
Holcomb Bank $1,075,000 n/a 0.2%
AMERIFIRST FINANCIAL CORPORATION $2,360,000 $1,060,000 -55.1% 0.2%
LIMA ONE CAPITAL, LLC $395,000 $1,050,000 165.8% 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $3,615,000 $1,015,000 -71.9% 0.2%
LAKE MICHIGAN CREDIT UNION $115,000 $975,000 747.8% 0.2%
DRAPER AND KRAMER MORTGAGE CORP. $3,550,000 $930,000 -73.8% 0.2%
Toyota Financial Savings Bank $895,000 n/a 0.2%
Ixonia Bank $345,000 $850,000 146.4% 0.2%
TOP FLITE FINANCIAL, INC. $185,000 $830,000 348.6% 0.2%
LEADERONE FINANCIAL CORPORATION $2,575,000 $820,000 -68.2% 0.2%
Regions Bank $745,000 $770,000 3.4% 0.1%
Servion, Inc. $920,000 $750,000 -18.5% 0.1%
AMERICAN FINANCING CORPORATION $1,130,000 $745,000 -34.1% 0.1%
PARLAY MORTGAGE & PROPERTY, INC. $340,000 $690,000 102.9% 0.1%
EVANSVILLE TEACHERS $215,000 $650,000 202.3% 0.1%
Wyndham Capital Mortgage, Inc. $165,000 $645,000 290.9% 0.1%
VAN DYK MORTGAGE CORPORATION $625,000 n/a 0.1%
M&T Bank $75,000 $615,000 720.0% 0.1%
First Midwest Bank $3,575,000 $610,000 -82.9% 0.1%
Union Savings Bank $180,000 $610,000 238.9% 0.1%
ALLIANT CREDIT UNION $225,000 $605,000 168.9% 0.1%
Discover Bank $245,000 $605,000 146.9% 0.1%
INDIANA MEMBERS CREDIT UNION $355,000 $605,000 70.4% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $875,000 $605,000 -30.9% 0.1%
Marquette Bank $1,510,000 $600,000 -60.3% 0.1%
Northpointe Bank $350,000 $595,000 70.0% 0.1%
HOMESIDE FINANCIAL, LLC $2,780,000 $560,000 -79.9% 0.1%
Community Mortgage Banc Corporation $390,000 $540,000 38.5% 0.1%
KeyBank $490,000 $535,000 9.2% 0.1%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $1,295,000 $525,000 -59.5% 0.1%
Equity Prime Mortgage LLC $545,000 $520,000 -4.6% 0.1%
Wintrust Bank, N.A. $515,000 n/a 0.1%
MORTGAGE ACCESS CORP. $500,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $625,000 $495,000 -20.8% 0.1%
AMERICAN ADVISORS GROUP $225,000 $485,000 115.6% 0.1%
LENDSURE MORTGAGE CORP. $2,845,000 $475,000 -83.3% 0.1%
DIRECT MORTGAGE LOANS, LLC $465,000 $460,000 -1.1% 0.1%
First Savings Bank $815,000 $445,000 -45.4% 0.1%
Village Bank & Trust $445,000 n/a 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $440,000 n/a 0.1%
LAKE MORTGAGE COMPANY INC $900,000 $435,000 -51.7% 0.1%
The State Bank and Trust Company $440,000 $435,000 -1.1% 0.1%
Raymond James Bank $425,000 n/a 0.1%
Key Mortgage Services, Inc. $420,000 n/a 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $770,000 $415,000 -46.1% 0.1%
Presidential Bank, FSB $405,000 n/a 0.1%
ACADEMY MORTGAGE CORPORATION $1,315,000 $400,000 -69.6% 0.1%
FIRST COMMUNITY MORTGAGE, INC. $390,000 n/a 0.1%
Chicago Financial Services, Inc. $680,000 $385,000 -43.4% 0.1%
FLAT BRANCH MORTGAGE, INC. $385,000 n/a 0.1%
CHERRY CREEK MORTGAGE, LLC $825,000 $380,000 -53.9% 0.1%
Figure Lending LLC $375,000 $380,000 1.3% 0.1%
First Guaranty Mortgage Corporation $990,000 $380,000 -61.6% 0.1%
Waterstone Mortgage Corporation $255,000 $365,000 43.1% 0.1%
UNITED HOME LOANS, INC. $355,000 n/a 0.1%
CIBC Bank USA $940,000 $345,000 -63.3% 0.1%
The Home Loan Expert LLC $345,000 n/a 0.1%
SPRING EQ, LLC $200,000 $340,000 70.0% 0.1%
BETTER MORTGAGE CORPORATION $5,650,000 $335,000 -94.1% 0.1%
Peoples Bank $1,300,000 $330,000 -74.6% 0.1%
RELIANCE FIRST CAPITAL, LLC $795,000 $320,000 -59.7% 0.1%
First Farmers Bank and Trust Company $780,000 $310,000 -60.3% 0.1%
OPEN MORTGAGE, LLC $350,000 $310,000 -11.4% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $985,000 $300,000 -69.5% 0.1%
HANCOCK MORTGAGE PARTNERS, LLC $295,000 n/a 0.1%
MLD MORTGAGE INC. $295,000 n/a 0.1%
V.I.P. MORTGAGE, INC. $295,000 n/a 0.1%
First National Bank of Brookfield $285,000 n/a 0.1%
Independent Bank $2,385,000 $275,000 -88.5% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $530,000 $275,000 -48.1% 0.1%
Prosperity Home Mortgage, LLC $195,000 $265,000 35.9% 0.0%
Regional Federal Credit Union $265,000 n/a 0.0%
AMERICAN FIRST $135,000 $255,000 88.9% 0.0%
NORWICH COMMERCIAL GROUP, INC. $275,000 $250,000 -9.1% 0.0%
Abbott Laboratories Employees Credit Union $245,000 n/a 0.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $245,000 n/a 0.0%
Commerce Home Mortgage, Inc. $245,000 n/a 0.0%
EMBRACE HOME LOANS, INC. $715,000 $245,000 -65.7% 0.0%
GREAT LAKES $85,000 $240,000 182.4% 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $235,000 n/a 0.0%
Texana Bank $235,000 n/a 0.0%
PHH Mortgage Corporation $775,000 $220,000 -71.6% 0.0%
The North Salem State Bank $220,000 n/a 0.0%
LOANPAL, LLC $105,000 $215,000 104.8% 0.0%
Loan Simple, Inc. $215,000 n/a 0.0%
VILLAGE CAPITAL MORTGAGE $1,790,000 $215,000 -88.0% 0.0%
CLEARPATH LENDING $805,000 $205,000 -74.5% 0.0%
Stifel Bank and Trust $205,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $200,000 n/a 0.0%
North American Savings Bank, F.S.B. $905,000 $195,000 -78.5% 0.0%
CITYWIDE HOME LOANS, LLC $190,000 n/a 0.0%
LENDINGONE, LLC $380,000 $190,000 -50.0% 0.0%
MOVEMENT MORTGAGE, LLC $285,000 $185,000 -35.1% 0.0%
UNIVERSITY LENDING GROUP, LLC $930,000 $185,000 -80.1% 0.0%
TOWNE MORTGAGE COMPANY $975,000 $180,000 -81.5% 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $155,000 $175,000 12.9% 0.0%
Credit Union 1 $220,000 $175,000 -20.5% 0.0%
Flanagan State Bank $175,000 n/a 0.0%
GVC MORTGAGE, INC. $3,490,000 $175,000 -95.0% 0.0%
POLARIS HOME FUNDING CORP. $275,000 $175,000 -36.4% 0.0%
THE ANDERSON FINANCIAL GROUP, INC. $1,605,000 $175,000 -89.1% 0.0%
PENTAGON FEDERAL CREDIT UNION $950,000 $170,000 -82.1% 0.0%
CONSUMERS $165,000 n/a 0.0%
EVERETT FINANCIAL, INC. $165,000 n/a 0.0%
UNITED NORTHERN MORTGAGE BANKERS LIMITED $165,000 n/a 0.0%
AMERICAN HERITAGE LENDING, INC. $155,000 n/a 0.0%
PLANET HOME LENDING, LLC $910,000 $155,000 -83.0% 0.0%
Vantage Bank Texas $155,000 n/a 0.0%
Willamette Valley Bank $155,000 n/a 0.0%
21ST MORTGAGE CORPORATION $205,000 $150,000 -26.8% 0.0%
MEMBER FIRST MORTGAGE, LLC $250,000 $150,000 -40.0% 0.0%
Mutual Federal Bank $145,000 n/a 0.0%
ZILLOW HOME LOANS, LLC $1,500,000 $145,000 -90.3% 0.0%
EagleBank $135,000 n/a 0.0%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $135,000 n/a 0.0%
MJW Financial LLC $225,000 $135,000 -40.0% 0.0%
Jackson County Bank $125,000 n/a 0.0%
RAPID MORTGAGE COMPANY $125,000 n/a 0.0%
REVERSE MORTGAGE FUNDING LLC $125,000 n/a 0.0%
Secured Investment Corp. $125,000 n/a 0.0%
Three Rivers Federal Credit Union $740,000 $125,000 -83.1% 0.0%
Baxter Credit Union $1,010,000 $115,000 -88.6% 0.0%
DAS Acquisition Company, LLC $475,000 $115,000 -75.8% 0.0%
First State Bank of Middlebury $115,000 n/a 0.0%
HAMILTON HOME LOANS, INC. $115,000 n/a 0.0%
QUORUM FEDERAL CREDIT UNION $65,000 $115,000 76.9% 0.0%
Third Federal Savings and Loan Association of Cleveland $755,000 $105,000 -86.1% 0.0%
Watermark Capital, Inc. $155,000 $105,000 -32.3% 0.0%
BLUELEAF LENDING, LLC $2,020,000 $95,000 -95.3% 0.0%
MICHIGAN MUTUAL, INC. $165,000 $95,000 -42.4% 0.0%
SOUTHWEST FUNDING, LP $230,000 $95,000 -58.7% 0.0%
FAY SERVICING, LLC $85,000 n/a 0.0%
ILLINOIS STATE CREDIT UNION $85,000 n/a 0.0%
Midwest Mortgage Associates Corporation $85,000 n/a 0.0%
Mortgage Assurance Inc. $75,000 $85,000 13.3% 0.0%
N R L Federal Credit Union $85,000 n/a 0.0%
Pacor Mortgage Corp $185,000 $85,000 -54.1% 0.0%
Northwest Bank $170,000 $80,000 -52.9% 0.0%
MidFirst Bank $75,000 n/a 0.0%
Illiana Financial Credit Union $65,000 n/a 0.0%
BEACON CREDIT UNION $215,000 $55,000 -74.4% 0.0%
DeMotte State Bank $370,000 $45,000 -87.8% 0.0%
GENISYS $35,000 n/a 0.0%
COUNTRYPLACE MORTGAGE, LTD. $30,000 $30,000 0.0% 0.0%
First American Bank $695,000 $15,000 -97.8% 0.0%

MICHIGAN CITY - LA PORTE's top lender by overall market share is Horizon Bank, with 14.9% market share. In second place, with 6.2%, is QUICKEN LOANS, LLC, having originated $33,575,000 in loans. In third place, with 4.8%, is Centier Bank, having originated $26,050,000 in loans. In fourth place, with 3.4%, is Fifth Third Bank, having originated $18,655,000 in loans. In fifth place, with 3.2%, is 1st Source Bank, having originated $17,230,000 in loans.


MICHIGAN CITY - LA PORTE Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - MICHIGAN CITY - LA PORTE (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 $179,900 (37.4%) $285,635 (4.2%) 0.00 316
2018-02-01 $181,200 (24.8%) $293,424 (2.8%) 0.00 290
2018-03-01 $209,950 (22.1%) $314,589 (3.6%) 0.00 293
2018-04-01 $231,450 (25.2%) $318,956 (2.6%) 0.00 297
2018-05-01 $245,450 (5.4%) $323,876 (-3.8%) 0.00 334
2018-06-01 $249,900 (6.4%) $343,073 (2.5%) 0.00 353
2018-07-01 $239,450 (4.2%) $329,026 (-1.2%) 0.00 378
2018-08-01 $237,300 (1.0%) $316,654 (-4.9%) 0.00 381
2018-09-01 $234,900 (5.0%) $333,333 (2.7%) 0.00 384
2018-10-01 $216,763 (3.3%) $320,587 (2.4%) 0.00 390
2018-11-01 $209,725 (12.7%) $325,362 (8.9%) 0.00 384
2018-12-01 $199,900 (16.0%) $325,333 (13.3%) 0.00 357
2019-01-01 $206,425 (14.7%) $335,135 (17.3%) 0.00 318
2019-02-01 $216,675 (19.6%) $359,656 (22.6%) 0.00 294
2019-03-01 $219,186 (4.4%) $366,607 (16.5%) 0.00 292
2019-04-01 $251,550 (8.7%) $373,919 (17.2%) 0.00 283
2019-05-01 $262,675 (7.0%) $371,816 (14.8%) 0.00 293
2019-06-01 $277,900 (11.2%) $367,416 (7.1%) 0.00 330
2019-07-01 $271,375 (13.3%) $372,488 (13.2%) 0.00 346
2019-08-01 $255,155 (7.5%) $343,514 (8.5%) 0.00 353
2019-09-01 $249,386 (6.2%) $335,869 (0.8%) 0.00 353
2019-10-01 $247,216 (14.1%) $332,195 (3.6%) 0.00 349
2019-11-01 $224,900 (7.2%) $334,062 (2.7%) 0.00 330
2019-12-01 $204,800 (2.5%) $314,634 (-3.3%) 0.00 313
2020-01-01 $227,050 (10.0%) $327,416 (-2.3%) 0.00 288
2020-02-01 $245,000 (13.1%) $339,543 (-5.6%) 0.00 252
2020-03-01 $267,975 (22.3%) $367,218 (0.2%) 0.00 247
2020-04-01 $288,975 (14.9%) $387,546 (3.6%) 0.00 235
2020-05-01 $288,900 (10.0%) $378,959 (1.9%) 0.00 222
2020-06-01 $288,975 (4.0%) $392,821 (6.9%) 0.00 200
2020-07-01 $269,500 (-0.7%) $396,389 (6.4%) 0.00 197
2020-08-01 $259,000 (1.5%) $414,608 (20.7%) 0.00 176
2020-09-01 $264,225 (6.0%) $429,495 (27.9%) 0.00 167
2020-10-01 $261,950 (6.0%) $430,142 (29.5%) 0.00 176
2020-11-01 $259,175 (15.2%) $418,976 (25.4%) 0.00 161
2020-12-01 $239,900 (17.1%) $403,883 (28.4%) 0.00 149
2021-01-01 $217,000 (-4.4%) $367,492 (12.2%) 0.00 159
2021-02-01 $208,450 (-14.9%) $413,293 (21.7%) 0.00 84
2021-03-01 $237,200 (-11.5%) $447,474 (21.9%) 0.00 87
2021-04-01 $214,900 (-25.6%) $409,252 (5.6%) 0.00 97
2021-05-01 $166,950 (-42.2%) $349,013 (-7.9%) 0.00 113
2021-06-01 $177,450 (-38.6%) $347,546 (-11.5%) 0.00 147
2021-07-01 $199,900 (-25.8%) $391,854 (-1.1%) 0.00 157
2021-08-01 $186,375 (-28.0%) $373,027 (-10.0%) 0.00 174
2021-09-01 $199,000 (-24.7%) $386,831 (-9.9%) 0.00 196
2021-10-01 $217,400 (-17.0%) $390,296 (-9.3%) 0.00 196
2021-11-01 $212,500 (-18.0%) $383,201 (-8.5%) 0.00 184
2021-12-01 $210,000 (-12.5%) $387,449 (-4.1%) 0.00 154
2022-01-01 $184,950 (-14.8%) $345,723 (-5.9%) 0.00 126
2022-02-01 $188,500 (-9.6%) $364,269 (-11.9%) 0.00 107
2022-03-01 $236,475 (-0.3%) $408,194 (-8.8%) 0.00 92
2022-04-01 $294,450 (37.0%) $482,428 (17.9%) 0.00 80
2022-05-01 $278,475 (66.8%) $463,201 (32.7%) 0.00 116
2022-06-01 $324,950 (83.1%) $475,443 (36.8%) 0.00 131
2022-07-01 $324,950 (62.6%) $513,238 (31.0%) 0.00 163
2022-08-01 $283,700 (52.2%) $462,423 (24.0%) 0.00 199
2022-09-01 $288,000 (44.7%) $476,561 (23.2%) 0.00 208
2022-10-01 $289,900 (33.4%) $474,792 (21.7%) 0.00 206
2022-11-01 $267,000 (25.7%) $425,900 (11.1%) 0.00 221
2022-12-01 $277,000 (31.9%) $431,698 (11.4%) 0.00 192
2023-01-01 $257,722 (39.4%) $431,014 (24.7%) 0.00 165
2023-02-01 $271,950 (44.3%) $433,692 (19.1%) 0.00 157
2023-03-01 $284,450 (20.3%) $430,264 (5.4%) 0.00 151
2023-04-01 $302,400 (2.7%) $479,579 (-0.6%) 0.00 123
2023-05-01 $288,175 (3.5%) $430,454 (-7.1%) 0.00 146
2023-06-01 $275,575 (-15.2%) $407,444 (-14.3%) 0.00 170
2023-07-01 $294,950 (-9.2%) $426,669 (-16.9%) 0.00 188
2023-08-01 $299,450 (5.6%) $468,313 (1.3%) 0.00 206
2023-09-01 $322,495 (12.0%) $475,026 (-0.3%) 0.00 201
2023-10-01 $290,000 (0.0%) $466,162 (-1.8%) 0.00 205
2023-11-01 $269,675 (1.0%) $450,223 (5.7%) 0.00 222
2023-12-01 $253,490 (-8.5%) $430,190 (-0.4%) 0.00 218
2024-01-01 $250,995 (-2.6%) $407,383 (-5.5%) 0.00 196
MICHIGAN CITY - LA PORTE's median listing price for 2024-01-01 was $250,995, a difference of $-6,727 (-2.6%) versus the prior year and $-2,495 versus the prior month.

MICHIGAN CITY - LA PORTE's median listing price comes in at 0% of the national average.

MICHIGAN CITY - LA PORTE's average listing price for 2024-01-01 was $407,383, a difference of $-23,631 (-5.5%) versus the prior year and $-22,807 versus the prior month.

For the 2024-01-01 period, MICHIGAN CITY - LA PORTE had 196 MLS listings, a difference of -22 listings (-10%) versus the prior month and 31 listings (19%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - MICHIGAN CITY - LA PORTE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,862 sqft
2018-02-01 0 days 1,808 sqft
2018-03-01 0 days 1,885 sqft
2018-04-01 0 days 1,900 sqft
2018-05-01 0 days 1,952 sqft
2018-06-01 0 days 2,010 sqft
2018-07-01 0 days 2,025 sqft
2018-08-01 0 days 1,953 sqft
2018-09-01 0 days 1,969 sqft
2018-10-01 0 days 1,962 sqft
2018-11-01 0 days 1,958 sqft
2018-12-01 0 days 1,901 sqft
2019-01-01 0 days 1,934 sqft
2019-02-01 0 days 1,868 sqft
2019-03-01 0 days 1,864 sqft
2019-04-01 0 days 1,882 sqft
2019-05-01 0 days 1,927 sqft
2019-06-01 0 days 1,983 sqft
2019-07-01 0 days 1,993 sqft
2019-08-01 0 days 1,944 sqft
2019-09-01 0 days 1,921 sqft
2019-10-01 0 days 1,913 sqft
2019-11-01 0 days 1,862 sqft
2019-12-01 0 days 1,806 sqft
2020-01-01 0 days 1,868 sqft
2020-02-01 0 days 1,886 sqft
2020-03-01 0 days 1,909 sqft
2020-04-01 0 days 1,998 sqft
2020-05-01 0 days 1,860 sqft
2020-06-01 0 days 1,860 sqft
2020-07-01 0 days 1,851 sqft
2020-08-01 0 days 1,936 sqft
2020-09-01 0 days 1,896 sqft
2020-10-01 0 days 1,880 sqft
2020-11-01 0 days 1,806 sqft
2020-12-01 0 days 1,761 sqft
2021-01-01 0 days 1,782 sqft
2021-02-01 0 days 1,768 sqft
2021-03-01 0 days 1,790 sqft
2021-04-01 0 days 1,781 sqft
2021-05-01 0 days 1,705 sqft
2021-06-01 0 days 1,763 sqft
2021-07-01 0 days 1,808 sqft
2021-08-01 0 days 1,780 sqft
2021-09-01 0 days 1,835 sqft
2021-10-01 0 days 1,839 sqft
2021-11-01 0 days 1,806 sqft
2021-12-01 0 days 1,793 sqft
2022-01-01 0 days 1,746 sqft
2022-02-01 0 days 1,697 sqft
2022-03-01 0 days 1,768 sqft
2022-04-01 0 days 1,934 sqft
2022-05-01 0 days 1,894 sqft
2022-06-01 0 days 1,916 sqft
2022-07-01 0 days 1,928 sqft
2022-08-01 0 days 1,916 sqft
2022-09-01 0 days 2,021 sqft
2022-10-01 0 days 2,006 sqft
2022-11-01 0 days 1,955 sqft
2022-12-01 0 days 1,979 sqft
2023-01-01 0 days 1,938 sqft
2023-02-01 0 days 2,015 sqft
2023-03-01 0 days 2,014 sqft
2023-04-01 0 days 2,014 sqft
2023-05-01 0 days 2,015 sqft
2023-06-01 0 days 1,992 sqft
2023-07-01 0 days 2,011 sqft
2023-08-01 0 days 2,055 sqft
2023-09-01 0 days 2,110 sqft
2023-10-01 0 days 2,018 sqft
2023-11-01 0 days 1,956 sqft
2023-12-01 0 days 1,838 sqft
2024-01-01 0 days 1,774 sqft
MICHIGAN CITY - LA PORTE's median listing age (time on market) for 2024-01-01 was 0 days.

MICHIGAN CITY - LA PORTE's median square footage for active listings during the 2024-01-01 period was 1,774 sqft. One year prior, the average listing was 1,938 sqft.

MICHIGAN CITY-LA PORTE, IN 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.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
46340 Michigan City-La Porte, IN $610 $710 $910 $1,190 $1,300
46345 Michigan City-La Porte, IN $660 $780 $980 $1,290 $1,410
46346 Michigan City-La Porte, IN $500 $580 $740 $970 $1,060
46348 Michigan City-La Porte, IN $670 $790 $1,000 $1,320 $1,430
46350 Michigan City-La Porte, IN $510 $590 $750 $990 $1,080
46360 Michigan City-La Porte, IN $550 $650 $820 $1,080 $1,180
46365 Michigan City-La Porte, IN $570 $670 $820 $1,070 $1,150
46371 Michigan City-La Porte, IN $560 $660 $830 $1,090 $1,190
46382 Michigan City-La Porte, IN $540 $630 $800 $1,060 $1,150
46383 Michigan City-La Porte, IN $680 $840 $1,030 $1,270 $1,440
46390 Michigan City-La Porte, IN $600 $700 $890 $1,170 $1,280
46391 Michigan City-La Porte, IN $570 $670 $840 $1,100 $1,200
46532 Michigan City-La Porte, IN $540 $630 $800 $1,060 $1,150
46552 Michigan City-La Porte, IN $580 $680 $820 $1,060 $1,130
46554 Michigan City-La Porte, IN $650 $750 $900 $1,150 $1,220
46574 Michigan City-La Porte, IN $590 $690 $840 $1,080 $1,160

2022 Average & Median Rent Data Statistics
MICHIGAN CITY-LA PORTE, IN average 1BR rent: $689, median: $675
MICHIGAN CITY-LA PORTE, IN average 2BR rent: $861, median: $835
MICHIGAN CITY-LA PORTE, IN average 3BR rent: $1,122, median: $1,085

MICHIGAN CITY-LA PORTE, IN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,430 $300,540,000 $210,168
Cash Out Refi 584 $95,690,000 $163,853
Refi 500 $86,410,000 $172,820
Home Improvement 470 $34,320,000 $73,021
Other 254 $25,790,000 $101,535
NA 1 $65,000 $65,000

Michigan City - La Porte's most frequently cited loan purpose was Home Purchase, with 1,430 originations. The 2nd most popular reason was Cash Out Refi, with 584 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 767 $140,775,000 $183,540
3-4% 630 $109,370,000 $173,603
4-5% 615 $121,625,000 $197,764
6-7% 452 $67,420,000 $149,159
<2.5% 224 $20,310,000 $90,670
7-8% 197 $23,155,000 $117,538
2.5-3% 173 $34,815,000 $201,243
Over 8% 104 $5,750,000 $55,288

During 2022, Michigan City - La Porte's most frequently originated rate bucket was 5-6%, with 767 originations.

Loan Sizing (MICHIGAN CITY-LA PORTE, IN MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 1,228 $175,760,000 $143,127
$100,000 or less 1,194 $66,180,000 $55,427
$200k-400k 656 $175,090,000 $266,905
$400k-600k 99 $47,225,000 $477,020
$600k-1000k 43 $30,255,000 $703,605
$Over $1MM 19 $48,305,000 $2,542,368

MICHIGAN CITY - LA PORTE's loan sizing saw the bucket of loans from $100k-200k with 1,228 originations, totaling $175,760,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,111 $231,245,000 $208,141
60-80% 800 $171,620,000 $214,525
20-40% 449 $37,425,000 $83,352
Under 20% 409 $15,285,000 $37,372
40-60% 362 $59,190,000 $163,508
Over 100% 16 $5,280,000 $330,000

MICHIGAN CITY - LA PORTE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,111 originations, totaling $231,245,000 in origination value.