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 6.93% for the week of 2022-11-23, compared to the national average of 6.58% for the same period.

The average rate for the prior week (2022-11-17) was 7.06% and one month ago for the week of 2022-10-20, the average rate was 7.09%.

Michigan City - La Porte's average rate one year ago was 3.49%.

For refis of the same type during the week of 2022-11-23, the average rate was 6.83%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-11-23 6.58%
Michigan City - La Porte 30 Year Fixed Rate 2022-11-23 6.93%
Michigan City - La Porte 30 Year Fixed Rate Refi 2022-11-23 6.83%
Michigan City - La Porte 15 Year Fixed Rate 2022-11-23 6.56%
Michigan City - La Porte 15 Year Fixed Rate Refi 2022-11-23 6.3%
Michigan City - La Porte 30 Year FHA 2022-11-23 0.27%
Michigan City - La Porte 30 Year FHA Refi 2022-11-23 0.02%
Michigan City - La Porte 30 Year USDA 2022-11-23 0.4%
Michigan City - La Porte 30 Year USDA Refi 2022-11-23 -0.12%
Michigan City - La Porte 30 Year VA 2022-11-23 0.41%
Michigan City - La Porte 30 Year VA Refi 2022-11-23 0.09%
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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Horizon Bank 257 3.25% $2,897
QUICKEN LOANS, LLC 151 3.12% $4,778
Centier Bank 132 3.16% $2,429
Fifth Third Bank 65 3.23% $2,620
JPMorgan Chase Bank 61 3.06% $2,140
1st Source Bank 57 3.23% $2,472
FIRST CENTENNIAL MORTGAGE CORPORATION 55 3.06% $2,953
Bank of England 52 3.28% $4,726
LOANDEPOT.COM, LLC 49 3.08% $4,351
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 46 3.27% $3,050
RUOFF MORTGAGE COMPANY, INC. 45 3.18% $2,139
HALLMARK HOME MORTGAGE, LLC 40 3.38% $2,872
TEACHERS CREDIT UNION 37 3.39% $2,400
UNION HOME MORTGAGE CORP. 36 3.31% $2,962
GUARANTEED RATE, INC. 33 3.14% $2,836
PNC Bank 27 3.19% $2,722
Wells Fargo Bank 27 3.19% $3,006
UNITED WHOLESALE MORTGAGE, LLC 25 3.12% $3,852
The Huntington National Bank 22 3.01% $2,865
Mr. Cooper ( Nationstar Mortgage ) 22 3.42% $4,351
U.S. Bank 18 3.03% $2,403
CALIBER HOME LOANS, INC. 17 3.12% $2,335
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 17 3.25% $2,907
BETTER MORTGAGE CORPORATION 17 3.04% $2,935
AMERISAVE MORTGAGE CORPORATION 16 3.00% $4,195
HOME POINT FINANCIAL CORPORATION 15 3.36% $3,912
PROPER RATE, LLC 14 3.05% $3,090
CROSSCOUNTRY MORTGAGE, LLC 13 3.36% $3,809
Flagstar Bank, FSB 12 3.29% $2,691
Hometown Lenders, Inc. 12 3.19% $3,229
HOMESIDE FINANCIAL, LLC 12 3.13% $2,912
Notre Dame Federal Credit Union Corporation 10 3.20% $3,884
GVC MORTGAGE, INC. 10 3.25% $3,799
PURDUE FEDERAL CREDIT UNION 10 2.96% $3,544
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 10 2.94% $3,217
NEWREZ LLC 10 3.05% $3,274
AMERIFIRST FINANCIAL CORPORATION 9 3.60% $3,822
UNITED 9 3.11% $3,018
COMPASS MORTGAGE, INC. 9 3.22% $2,851
SECURITYNATIONAL MORTGAGE COMPANY 8 3.86% $3,171
CELEBRITY HOME LOANS, LLC 8 3.44% $3,897
FREEDOM MORTGAGE CORPORATION 7 3.23% $2,575
ROYAL UNITED MORTGAGE LLC 7 3.48% $5,220
Barrington Bank & Trust Company, N.A. 7 3.34% $3,019
INOVA FEDERAL CREDIT UNION 7 2.98% $2,115
Farm Credit Mid-America, ACA 7 3.48% $6,710
Independent Bank 7 3.02% $5,059
AMERICAN FINANCIAL NETWORK, INC. 7 3.43% $5,540
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 7 3.16% $2,539
First Midwest Bank 7 3.00% $2,964
INLAND BANK & TRUST 6 3.00% $3,746
BLUELEAF LENDING, LLC 6 2.85% $2,397
LEADERONE FINANCIAL CORPORATION 6 3.37% $2,771
ZILLOW HOME LOANS, LLC 6 3.46% $2,775
Bank of America 6 2.50% $2,468
Marquette Bank 5 2.73% $2,270
First Federal Savings Bank 5 3.55% $3,154
AMERICAN PORTFOLIO MORTGAGE CORPORATION 5 3.30% $3,183
Peoples Bank 5 3.10% $2,570
AMERICAN PACIFIC MORTGAGE CORPORATION 5 3.12% $3,612
GUARANTEED RATE AFFINITY, LLC 5 3.13% $2,608
MUTUAL OF OMAHA MORTGAGE, INC. 5 3.07% $4,574
Carrington Mortgage Services, LLC 5 3.40% $4,080
First Merchants Bank 5 2.70% $2,683
Paramount Residential Mortgage Group, Inc. 4 3.12% $4,341
ENDEAVOR CAPITAL, LLC. 4 3.00% $3,135
Plains Commerce Bank 4 3.22% $2,816
UNIVERSITY LENDING GROUP, LLC 4 3.16% $4,672
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.50% $2,795
InterContinental Capital Group, Inc 4 2.81% $3,312
First Farmers Bank and Trust Company 4 3.16% $1,724
DRAPER AND KRAMER MORTGAGE CORP. 4 3.34% $3,405
The Federal Savings Bank 3 3.79% $2,124
AMERICAN FINANCING CORPORATION 3 2.83% $3,650
Associated Bank 3 3.17% $2,875
Charles Schwab Bank, SSB 3 1.87% $2,244
Chicago Financial Services, Inc. 3 2.92% $2,436
Citibank 3 2.71% $6,006
Citizens Bank 3 3.00% $2,817
First Savings Bank 3 3.42% $5,904
Mortgage Research Center, LLC 3 3.00% $1,982
Nations Lending Corporation 3 3.04% $8,672
NAVY FEDERAL CREDIT UNION 3 3.46% $2,349
Neighborhood Loans, Inc. 3 3.21% $2,710
PENNYMAC LOAN SERVICES, LLC 3 3.50% $4,881
PHH Mortgage Corporation 3 3.75% $4,572
RELIANCE FIRST CAPITAL, LLC 3 3.41% $3,971
Servion, Inc. 3 3.33% $3,964
Cornerstone National Bank & Trust Company 2 2.94% $598
CANOPY MORTGAGE, LLC 2 2.94% $2,497
TOWNE MORTGAGE COMPANY 2 2.69% $2,469
Baxter Credit Union 2 3.44% $13,914
Bankers' Bank 2 3.31% $2,128
ACADEMY MORTGAGE CORPORATION 2 3.25% $4,186
Community Mortgage Banc Corporation 2 3.26% $3,202
SOFI LENDING CORP. 2 2.81% $5,691
SOUTHWEST FUNDING, LP 2 3.63% $2,672
BROKER SOLUTIONS, INC. 2 3.06% $2,949
Goldman Sachs Bank USA 2 2.40% $5,033
SUMMIT FUNDING, INC. 2 3.38% $5,242
PENTAGON FEDERAL CREDIT UNION 2 3.31% $2,011
LAKE MORTGAGE COMPANY INC 2 2.94% $2,173
MORIA DEVELOPMENT, INC. 2 3.50% $3,405
Northpointe Bank 2 3.13% $2,939
AMERICAN INTERNET MORTGAGE, INC. 2 2.75% $2,183
Regions Bank 2 3.88% $3,813
Allied First Bank,sb 1 3.25% $2,817
MOVEMENT MORTGAGE, LLC 1 2.88% $3,112
Advisors Mortgage Group, L.L.C. 1 3.00% $2,313
NATIONS RELIABLE LENDING, LLC 1 2.88% $2,743
USAA Federal Savings Bank 1 2.88% $3,489
ADVANCIAL 1 4.75% $5,035
Colten Mortgage, LLC 1 3.25% $3,627
North American Savings Bank, F.S.B. 1 2.63% $1,592
Northwest Bank 1 3.00% $2,723
CMG MORTGAGE, INC. 1 2.63% $1,371
Old Second National Bank 1 3.00% $2,780
Pacor Mortgage Corp 1 3.00% $2,374
CITIZENS EQUITY FIRST 1 3.50% $2,787
PARLAY MORTGAGE & PROPERTY, INC. 1 2.88% $2,124
Watermark Capital, Inc. 1 3.13% $2,520
Circle Federal Credit Union 1 3.25% $3,311
Waterstone Mortgage Corporation 1 3.25% $2,996
CIBC Bank USA 1 2.75% $2,503
PLANET HOME LENDING, LLC 1 3.00% $2,421
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.25% $3,488
BNC National Bank 1 2.88% $2,987
Providence Bank & Trust 1 2.63% $1,967
BMO Harris Bank 1 4.25% $3,171
BEACON CREDIT UNION 1 3.13% $2,197
A&D Mortgage LLC 1 4.49% $5,575
BAY EQUITY LLC 1 3.25% $3,084
Sierra Pacific Mortgage Company, Inc. 1 3.25% $2,934
Strong Home Mortgage, LLC 1 2.99% $3,547
Arvest Bank 1 3.25% $2,730
The Central Trust Bank 1 3.13% $2,720
AmeriHome Mortgage Company, LLC 1 3.25% $3,565
The First National Bank of Ottawa 1 2.63% $2,749
The Northern Trust Company 1 2.75% $3,017
Three Rivers Federal Credit Union 1 2.75% $2,351
TIAA, FSB 1 3.38% $3,447
Truist 1 3.25% $4,306
UBS Bank USA 1 2.63% $4,068
Amalgamated Bank 1 2.88% $3,106
Union Savings Bank 1 2.88% $285
Ally Bank 1 4.00% $2,332
United Community Bank 1 2.73% $1,444
United Fidelity Funding Corp. 1 3.50% $4,915
Gold Coast Bank 1 2.88% $3,250
FORUM Credit Union 1 2.88% $1,363
FIRST STATE MORTGAGE SERVICES, LLC 1 2.88% $2,609
FIRST NORTHERN Credit Union 1 3.13% $2,472
First Financial Credit Union 1 3.13% $3,041
HOMESTEAD FUNDING CORP. 1 2.63% $2,966
Honor Credit Union 1 3.75% $2,386
First Financial Bank 1 4.25% $1,505
First Commonwealth Bank 1 3.25% $2,482
First Bank Richmond 1 2.88% $4,249
INDIANA UNIVERSITY CREDIT UNION 1 3.00% $1,814
FirstBank 1 3.13% $1,434
EMBRACE HOME LOANS, INC. 1 3.38% $2,593
Elements Financial Federal Credit Union 1 3.63% $2,669
Ixonia Bank 1 3.25% $3,927
Edgewater Bank 1 3.25% $2,003
KeyBank 1 3.92% $492
LAKE MICHIGAN CREDIT UNION 1 3.50% $3,097
Discover Bank 1 4.25% $0
DIRECT MORTGAGE LOANS, LLC 1 3.75% $7,536
LOANFLIGHT LENDING, LLC 1 2.75% $1,455
Crossroads Bank 1 3.00% $2,795
MEMBER FIRST MORTGAGE, LLC 1 3.25% $3,635
MICHIGAN MUTUAL, INC. 1 2.99% $5,394
Morgan Stanley Private Bank 1 3.15% $2,444

MICHIGAN CITY - LA PORTE Average Closing Costs & Other Stats

MICHIGAN CITY-LA PORTE, IN's 173 lenders originated 4,739 loans during 2021. The total origination value was $784,635,000, with an average loan value of $165,570.

MICHIGAN CITY - LA PORTE's average closing costs are $3,630.

The top MICHIGAN CITY - LA PORTE lender as defined by loan originations is Horizon Bank, with 257 loans originated. Their average total fees are $2,897, which is $1,881 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee MICHIGAN CITY - LA PORTE lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($2,139), JPMorgan Chase Bank ($2,140), CALIBER HOME LOANS, INC. ($2,335), TEACHERS CREDIT UNION ($2,400) and U.S. Bank ($2,403).

The lowest rate MICHIGAN CITY - LA PORTE lenders (with over 10 loans originated) are CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP (2.94%), PURDUE FEDERAL CREDIT UNION (2.96%), AMERISAVE MORTGAGE CORPORATION (3.00%), The Huntington National Bank (3.01%) and U.S. Bank (3.03%).

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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Horizon Bank $130,870,000 $101,130,000 -22.7% 12.9%
QUICKEN LOANS, LLC $50,540,000 $61,930,000 22.5% 7.9%
Centier Bank $34,105,000 $38,935,000 14.2% 5.0%
Fifth Third Bank $15,290,000 $26,950,000 76.3% 3.4%
1st Source Bank $23,840,000 $25,865,000 8.5% 3.3%
JPMorgan Chase Bank $22,855,000 $21,625,000 -5.4% 2.8%
FIRST CENTENNIAL MORTGAGE CORPORATION $17,540,000 $20,615,000 17.5% 2.6%
GUARANTEED RATE, INC. $15,270,000 $17,525,000 14.8% 2.2%
FREEDOM MORTGAGE CORPORATION $16,225,000 $16,370,000 0.9% 2.1%
LOANDEPOT.COM, LLC $9,260,000 $15,725,000 69.8% 2.0%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $14,905,000 $15,145,000 1.6% 1.9%
RUOFF MORTGAGE COMPANY, INC. $13,115,000 $14,505,000 10.6% 1.8%
HALLMARK HOME MORTGAGE, LLC $8,470,000 $13,905,000 64.2% 1.8%
Bank of England $16,675,000 $13,340,000 -20.0% 1.7%
UNION HOME MORTGAGE CORP. $11,395,000 $12,495,000 9.7% 1.6%
Wells Fargo Bank $10,150,000 $11,960,000 17.8% 1.5%
Mortgage Research Center, LLC $6,405,000 $10,910,000 70.3% 1.4%
UNITED WHOLESALE MORTGAGE, LLC $4,310,000 $10,885,000 152.6% 1.4%
Merchants Bank of Indiana $890,000 $10,720,000 1,104.5% 1.4%
PNC Bank $10,890,000 $10,535,000 -3.3% 1.3%
TEACHERS CREDIT UNION $7,025,000 $10,455,000 48.8% 1.3%
CALIBER HOME LOANS, INC. $9,480,000 $8,965,000 -5.4% 1.1%
CROSSCOUNTRY MORTGAGE, LLC $6,160,000 $8,950,000 45.3% 1.1%
PROPER RATE, LLC $3,605,000 $8,355,000 131.8% 1.1%
The Huntington National Bank $12,440,000 $8,165,000 -34.4% 1.0%
U.S. Bank $6,195,000 $7,780,000 25.6% 1.0%
Mr. Cooper ( Nationstar Mortgage ) $5,505,000 $7,755,000 40.9% 1.0%
AMERISAVE MORTGAGE CORPORATION $2,780,000 $6,155,000 121.4% 0.8%
PURDUE FEDERAL CREDIT UNION $4,160,000 $5,930,000 42.5% 0.8%
NEWREZ LLC $3,995,000 $5,830,000 45.9% 0.7%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,555,000 $5,805,000 63.3% 0.7%
BETTER MORTGAGE CORPORATION $1,610,000 $5,650,000 250.9% 0.7%
HOME POINT FINANCIAL CORPORATION $2,565,000 $5,645,000 120.1% 0.7%
UNITED $3,675,000 $5,575,000 51.7% 0.7%
Flagstar Bank, FSB $3,095,000 $5,065,000 63.7% 0.6%
Hometown Lenders, Inc. $3,860,000 $4,505,000 16.7% 0.6%
First Federal Savings Bank $4,745,000 $4,495,000 -5.3% 0.6%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,420,000 $4,420,000 211.3% 0.6%
INOVA FEDERAL CREDIT UNION $2,300,000 $3,925,000 70.7% 0.5%
Goldman Sachs Bank USA $1,765,000 $3,810,000 115.9% 0.5%
LAKEVIEW LOAN SERVICING, LLC $1,135,000 $3,735,000 229.1% 0.5%
Farm Credit Mid-America, ACA $6,505,000 $3,710,000 -43.0% 0.5%
AMERICAN PACIFIC MORTGAGE CORPORATION $1,280,000 $3,615,000 182.4% 0.5%
First Midwest Bank $1,535,000 $3,575,000 132.9% 0.5%
DRAPER AND KRAMER MORTGAGE CORP. $4,035,000 $3,550,000 -12.0% 0.5%
GVC MORTGAGE, INC. $1,640,000 $3,490,000 112.8% 0.4%
The Federal Savings Bank $2,935,000 $3,360,000 14.5% 0.4%
PENNYMAC LOAN SERVICES, LLC $1,945,000 $3,230,000 66.1% 0.4%
INLAND BANK & TRUST $1,245,000 $3,070,000 146.6% 0.4%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $1,690,000 $2,890,000 71.0% 0.4%
Notre Dame Federal Credit Union Corporation $2,795,000 $2,880,000 3.0% 0.4%
Bank of America $2,725,000 $2,855,000 4.8% 0.4%
Barrington Bank & Trust Company, N.A. $3,205,000 $2,845,000 -11.2% 0.4%
LENDSURE MORTGAGE CORP. $2,845,000 n/a 0.4%
ROYAL UNITED MORTGAGE LLC $2,550,000 $2,790,000 9.4% 0.4%
HOMESIDE FINANCIAL, LLC $1,580,000 $2,780,000 75.9% 0.4%
First Merchants Bank $715,000 $2,615,000 265.7% 0.3%
ROYAL FINANCIAL, INC. $575,000 $2,590,000 350.4% 0.3%
LEADERONE FINANCIAL CORPORATION $845,000 $2,575,000 204.7% 0.3%
Charles Schwab Bank, SSB $2,535,000 n/a 0.3%
Carrington Mortgage Services, LLC $1,845,000 $2,485,000 34.7% 0.3%
Independent Bank $345,000 $2,385,000 591.3% 0.3%
FIRST TRUST $1,490,000 $2,370,000 59.1% 0.3%
COMPASS MORTGAGE, INC. $1,870,000 $2,365,000 26.5% 0.3%
AMERIFIRST FINANCIAL CORPORATION $3,990,000 $2,360,000 -40.9% 0.3%
AMERICAN FINANCIAL NETWORK, INC. $1,975,000 $2,260,000 14.4% 0.3%
MEMBERS ADVANTAGE CREDIT UNION $1,685,000 $2,080,000 23.4% 0.3%
CELEBRITY HOME LOANS, LLC $2,735,000 $2,070,000 -24.3% 0.3%
USAA Federal Savings Bank $1,110,000 $2,030,000 82.9% 0.3%
BLUELEAF LENDING, LLC $2,910,000 $2,020,000 -30.6% 0.3%
GUARANTEED RATE AFFINITY, LLC $3,800,000 $1,995,000 -47.5% 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $2,620,000 $1,970,000 -24.8% 0.3%
Associated Bank $1,965,000 n/a 0.3%
InterContinental Capital Group, Inc $420,000 $1,955,000 365.5% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $1,330,000 $1,790,000 34.6% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $2,070,000 $1,690,000 -18.4% 0.2%
THE ANDERSON FINANCIAL GROUP, INC. $1,380,000 $1,605,000 16.3% 0.2%
Citizens Bank $3,835,000 $1,525,000 -60.2% 0.2%
Marquette Bank $1,090,000 $1,510,000 38.5% 0.2%
ZILLOW HOME LOANS, LLC $200,000 $1,500,000 650.0% 0.2%
BROKER SOLUTIONS, INC. $1,685,000 $1,490,000 -11.6% 0.2%
SOFI LENDING CORP. $310,000 $1,490,000 380.6% 0.2%
FINANCE OF AMERICA COMMERCIAL LLC $160,000 $1,460,000 812.5% 0.2%
NEW DAY FINANCIAL, LLC $2,330,000 $1,355,000 -41.8% 0.2%
ACADEMY MORTGAGE CORPORATION $1,355,000 $1,315,000 -3.0% 0.2%
Peoples Bank $2,950,000 $1,300,000 -55.9% 0.2%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $265,000 $1,295,000 388.7% 0.2%
BMO Harris Bank $2,145,000 $1,250,000 -41.7% 0.2%
Citibank $2,390,000 $1,195,000 -50.0% 0.2%
AMERICAN FINANCING CORPORATION $75,000 $1,130,000 1,406.7% 0.1%
First Bank Richmond $1,115,000 n/a 0.1%
Nations Lending Corporation $1,075,000 $1,065,000 -0.9% 0.1%
Crossroads Bank $125,000 $1,025,000 720.0% 0.1%
Baxter Credit Union $1,010,000 n/a 0.1%
First Commonwealth Bank $995,000 n/a 0.1%
First Guaranty Mortgage Corporation $800,000 $990,000 23.8% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $1,405,000 $985,000 -29.9% 0.1%
SECURITYNATIONAL MORTGAGE COMPANY $150,000 $980,000 553.3% 0.1%
TOWNE MORTGAGE COMPANY $1,725,000 $975,000 -43.5% 0.1%
Paramount Residential Mortgage Group, Inc. $1,445,000 $965,000 -33.2% 0.1%
PENTAGON FEDERAL CREDIT UNION $950,000 n/a 0.1%
AMERICAN INTERNET MORTGAGE, INC. $470,000 $940,000 100.0% 0.1%
CIBC Bank USA $1,385,000 $940,000 -32.1% 0.1%
UNIVERSITY LENDING GROUP, LLC $585,000 $930,000 59.0% 0.1%
Servion, Inc. $1,135,000 $920,000 -18.9% 0.1%
PLANET HOME LENDING, LLC $1,305,000 $910,000 -30.3% 0.1%
North American Savings Bank, F.S.B. $235,000 $905,000 285.1% 0.1%
American Community Bank of Indiana $1,695,000 $900,000 -46.9% 0.1%
LAKE MORTGAGE COMPANY INC $545,000 $900,000 65.1% 0.1%
Gold Coast Bank $1,245,000 $890,000 -28.5% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $930,000 $875,000 -5.9% 0.1%
Plains Commerce Bank $455,000 $870,000 91.2% 0.1%
CHERRY CREEK MORTGAGE, LLC $625,000 $825,000 32.0% 0.1%
First Savings Bank $730,000 $815,000 11.6% 0.1%
CLEARPATH LENDING $1,085,000 $805,000 -25.8% 0.1%
RELIANCE FIRST CAPITAL, LLC $1,385,000 $795,000 -42.6% 0.1%
First Farmers Bank and Trust Company $1,410,000 $780,000 -44.7% 0.1%
PHH Mortgage Corporation $775,000 n/a 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $1,415,000 $770,000 -45.6% 0.1%
Third Federal Savings and Loan Association of Cleveland $270,000 $755,000 179.6% 0.1%
Regions Bank $750,000 $745,000 -0.7% 0.1%
Three Rivers Federal Credit Union $455,000 $740,000 62.6% 0.1%
UBS Bank USA $735,000 n/a 0.1%
Cornerstone National Bank & Trust Company $650,000 $730,000 12.3% 0.1%
EMBRACE HOME LOANS, INC. $145,000 $715,000 393.1% 0.1%
Morgan Stanley Private Bank $1,005,000 $710,000 -29.4% 0.1%
ADVANCIAL $705,000 n/a 0.1%
First American Bank $450,000 $695,000 54.4% 0.1%
NAVY FEDERAL CREDIT UNION $2,220,000 $685,000 -69.1% 0.1%
Chicago Financial Services, Inc. $1,275,000 $680,000 -46.7% 0.1%
HOMESTEAD FUNDING CORP. $640,000 n/a 0.1%
ENDEAVOR CAPITAL, LLC. $310,000 $630,000 103.2% 0.1%
Neighborhood Loans, Inc. $135,000 $630,000 366.7% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $465,000 $625,000 34.4% 0.1%
The Northern Trust Company $625,000 n/a 0.1%
SUMMIT FUNDING, INC. $255,000 $580,000 127.5% 0.1%
Ally Bank $125,000 $575,000 360.0% 0.1%
OCMBC, INC. $575,000 n/a 0.1%
Equity Prime Mortgage LLC $695,000 $545,000 -21.6% 0.1%
The First National Bank of Ottawa $315,000 $545,000 73.0% 0.1%
RF Renovo Management Company, LLC $530,000 n/a 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $445,000 $530,000 19.1% 0.1%
Bankers' Bank $525,000 n/a 0.1%
CANOPY MORTGAGE, LLC $630,000 $490,000 -22.2% 0.1%
KeyBank $1,960,000 $490,000 -75.0% 0.1%
Amalgamated Bank $475,000 n/a 0.1%
DAS Acquisition Company, LLC $475,000 n/a 0.1%
DIRECT MORTGAGE LOANS, LLC $510,000 $465,000 -8.8% 0.1%
Lake City Bank $23,005,000 $460,000 -98.0% 0.1%
NP, Inc. $175,000 $460,000 162.9% 0.1%
Honor Credit Union $805,000 $455,000 -43.5% 0.1%
The State Bank and Trust Company $1,160,000 $440,000 -62.1% 0.1%
SELFRELIANCE $460,000 $415,000 -9.8% 0.1%
Elements Financial Federal Credit Union $405,000 n/a 0.1%
Home State Bank $285,000 $405,000 42.1% 0.1%
CMG MORTGAGE, INC. $115,000 $400,000 247.8% 0.1%
LIMA ONE CAPITAL, LLC $395,000 n/a 0.1%
Community Mortgage Banc Corporation $430,000 $390,000 -9.3% 0.0%
MORIA DEVELOPMENT, INC. $405,000 $385,000 -4.9% 0.0%
LENDINGONE, LLC $380,000 n/a 0.0%
Figure Lending LLC $85,000 $375,000 341.2% 0.0%
DeMotte State Bank $370,000 n/a 0.0%
AmeriHome Mortgage Company, LLC $1,175,000 $360,000 -69.4% 0.0%
INDIANA MEMBERS CREDIT UNION $135,000 $355,000 163.0% 0.0%
LOANFLIGHT LENDING, LLC $355,000 n/a 0.0%
Northpointe Bank $645,000 $350,000 -45.7% 0.0%
OPEN MORTGAGE, LLC $350,000 n/a 0.0%
Ixonia Bank $345,000 $345,000 0.0% 0.0%
PARLAY MORTGAGE & PROPERTY, INC. $340,000 n/a 0.0%
Midwest Community Bank $315,000 $335,000 6.3% 0.0%
Circle Federal Credit Union $330,000 $325,000 -1.5% 0.0%
TIAA, FSB $275,000 $325,000 18.2% 0.0%
First Financial Bank $155,000 $320,000 106.5% 0.0%
A&D Mortgage LLC $305,000 n/a 0.0%
BNC National Bank $305,000 n/a 0.0%
FirstBank $165,000 $300,000 81.8% 0.0%
GENEVA FINANCIAL, LLC $175,000 $300,000 71.4% 0.0%
Old Second National Bank $500,000 $295,000 -41.0% 0.0%
Sierra Pacific Mortgage Company, Inc. $295,000 n/a 0.0%
TEMPLE VIEW CAPITAL FUNDING, LP $290,000 n/a 0.0%
MOVEMENT MORTGAGE, LLC $895,000 $285,000 -68.2% 0.0%
PLAZA HOME MORTGAGE, INC. $535,000 $285,000 -46.7% 0.0%
NETWORK CAPITAL FUNDING CORPORATION $275,000 n/a 0.0%
NORWICH COMMERCIAL GROUP, INC. $275,000 n/a 0.0%
POLARIS HOME FUNDING CORP. $145,000 $275,000 89.7% 0.0%
BM Real Estate Services, Inc. $265,000 n/a 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $115,000 $265,000 130.4% 0.0%
Oxford Bank & Trust $690,000 $260,000 -62.3% 0.0%
Truist Bank $1,205,000 $260,000 -78.4% 0.0%
AHL FUNDING $255,000 n/a 0.0%
APCI Federal Credit Union $255,000 n/a 0.0%
Chicago Patrolmen's Federal Credit Union $255,000 n/a 0.0%
Waterstone Mortgage Corporation $255,000 n/a 0.0%
MEMBER FIRST MORTGAGE, LLC $955,000 $250,000 -73.8% 0.0%
ACCELERATE MORTGAGE, LLC $245,000 n/a 0.0%
Discover Bank $350,000 $245,000 -30.0% 0.0%
LONGBRIDGE FINANCIAL, LLC $245,000 n/a 0.0%
United Community Bank $245,000 n/a 0.0%
Arvest Bank $235,000 n/a 0.0%
Colten Mortgage, LLC $165,000 $235,000 42.4% 0.0%
SOUTHWEST FUNDING, LP $85,000 $230,000 170.6% 0.0%
ALLIANT CREDIT UNION $105,000 $225,000 114.3% 0.0%
AMERICAN ADVISORS GROUP $175,000 $225,000 28.6% 0.0%
First National Bank $225,000 n/a 0.0%
MJW Financial LLC $225,000 n/a 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $235,000 $225,000 -4.3% 0.0%
Sunflower Bank $225,000 n/a 0.0%
Credit Union 1 $425,000 $220,000 -48.2% 0.0%
FINANCE OF AMERICA REVERSE LLC $425,000 $220,000 -48.2% 0.0%
BEACON CREDIT UNION $915,000 $215,000 -76.5% 0.0%
EVANSVILLE TEACHERS $195,000 $215,000 10.3% 0.0%
Providence Bank & Trust $1,330,000 $215,000 -83.8% 0.0%
Visio Financial Services Inc. $185,000 $210,000 13.5% 0.0%
21ST MORTGAGE CORPORATION $275,000 $205,000 -25.5% 0.0%
SPRING EQ, LLC $235,000 $200,000 -14.9% 0.0%
Advisors Mortgage Group, L.L.C. $195,000 n/a 0.0%
FORUM Credit Union $195,000 n/a 0.0%
LENDERFI, INC. $195,000 n/a 0.0%
Prosperity Home Mortgage, LLC $2,615,000 $195,000 -92.5% 0.0%
Edgewater Bank $155,000 $185,000 19.4% 0.0%
Magnolia Bank $185,000 n/a 0.0%
Pacor Mortgage Corp $1,500,000 $185,000 -87.7% 0.0%
The Central Trust Bank $225,000 $185,000 -17.8% 0.0%
TOP FLITE FINANCIAL, INC. $105,000 $185,000 76.2% 0.0%
DOMINION FINANCIAL SERVICES, LLC $180,000 n/a 0.0%
Union Savings Bank $170,000 $180,000 5.9% 0.0%
INDIANA UNIVERSITY CREDIT UNION $85,000 $175,000 105.9% 0.0%
NATIONS RELIABLE LENDING, LLC $175,000 n/a 0.0%
Northwest Bank $875,000 $170,000 -80.6% 0.0%
Allied First Bank,sb $165,000 n/a 0.0%
BAY EQUITY LLC $165,000 n/a 0.0%
FIRST STATE MORTGAGE SERVICES, LLC $125,000 $165,000 32.0% 0.0%
JAMES B. NUTTER & COMPANY $205,000 $165,000 -19.5% 0.0%
MICHIGAN MUTUAL, INC. $165,000 n/a 0.0%
MIDLAND MORTGAGE CORPORATION $165,000 n/a 0.0%
United Fidelity Funding Corp. $165,000 n/a 0.0%
Wyndham Capital Mortgage, Inc. $165,000 n/a 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $215,000 $155,000 -27.9% 0.0%
CITIZENS EQUITY FIRST $125,000 $155,000 24.0% 0.0%
First Internet Bank of Indiana $155,000 n/a 0.0%
First Savings Bank of Hegewisch $315,000 $155,000 -50.8% 0.0%
Strong Home Mortgage, LLC $155,000 n/a 0.0%
Watermark Capital, Inc. $155,000 n/a 0.0%
BAYSHORE MORTGAGE FUNDING, LLC $145,000 n/a 0.0%
First Financial Credit Union $410,000 $145,000 -64.6% 0.0%
AMERICAN FIRST $135,000 n/a 0.0%
Low VA Rates, LLC $700,000 $135,000 -80.7% 0.0%
STOCKTON MORTGAGE CORPORATION $135,000 $135,000 0.0% 0.0%
1ST SIGNATURE LENDING, LLC $355,000 $125,000 -64.8% 0.0%
LAKE MICHIGAN CREDIT UNION $115,000 n/a 0.0%
LOANPAL, LLC $115,000 $105,000 -8.7% 0.0%
Peoples Bank of Kankakee County $165,000 $95,000 -42.4% 0.0%
TRIAD FINANCIAL SERVICES, INC. $90,000 n/a 0.0%
ALLIED MORTGAGE GROUP, INC. $85,000 n/a 0.0%
GREAT LAKES $85,000 n/a 0.0%
OCEANSIDE MORTGAGE COMPANY $500,000 $85,000 -83.0% 0.0%
Resource Bank, N.A. $85,000 n/a 0.0%
STEARNS LENDING, LLC $85,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $165,000 $75,000 -54.5% 0.0%
FIRST NORTHERN Credit Union $75,000 n/a 0.0%
Manufacturers and Traders Trust Company $75,000 n/a 0.0%
Mortgage Assurance Inc. $105,000 $75,000 -28.6% 0.0%
MID AMERICA MORTGAGE, INC. $205,000 $65,000 -68.3% 0.0%
QUORUM FEDERAL CREDIT UNION $65,000 n/a 0.0%
Think Mutual Bank $65,000 n/a 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $45,000 $60,000 33.3% 0.0%
COUNTRYPLACE MORTGAGE, LTD. $30,000 n/a 0.0%
MIDWEST AMERICA $25,000 n/a 0.0%
INTERRA CREDIT UNION $195,000 $15,000 -92.3% 0.0%

MICHIGAN CITY - LA PORTE's top lender by overall market share is Horizon Bank, with 12.9% market share. In second place, with 7.9%, is QUICKEN LOANS, LLC, having originated $61,930,000 in loans. In third place, with 5.0%, is Centier Bank, having originated $38,935,000 in loans. In fourth place, with 3.4%, is Fifth Third Bank, having originated $26,950,000 in loans. In fifth place, with 3.3%, is 1st Source Bank, having originated $25,865,000 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%) $371,756 (16.6%) 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 (4.3%) 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 $287,000 (44.2%) $474,880 (22.8%) 0.00 209
2022-10-01 $289,900 (33.4%) $474,792 (21.7%) 0.00 206
MICHIGAN CITY - LA PORTE's median listing price for 2022-10-01 was $289,900, a difference of $72,500 (33.4%) versus the prior year and $2,900 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 2022-10-01 was $474,792, a difference of $84,496 (21.7%) versus the prior year and $-88 versus the prior month.

For the 2022-10-01 period, MICHIGAN CITY - LA PORTE had 206 MLS listings, a difference of -3 listings (-1%) versus the prior month and 10 listings (5%) 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 1,950 sqft
2018-06-01 0 days 2,002 sqft
2018-07-01 0 days 2,020 sqft
2018-08-01 0 days 1,953 sqft
2018-09-01 0 days 1,968 sqft
2018-10-01 0 days 1,957 sqft
2018-11-01 0 days 1,952 sqft
2018-12-01 0 days 1,895 sqft
2019-01-01 0 days 1,930 sqft
2019-02-01 0 days 1,868 sqft
2019-03-01 0 days 1,864 sqft
2019-04-01 0 days 1,879 sqft
2019-05-01 0 days 1,927 sqft
2019-06-01 0 days 1,983 sqft
2019-07-01 0 days 1,989 sqft
2019-08-01 0 days 1,939 sqft
2019-09-01 0 days 1,919 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 1,796 sqft
2022-01-01 0 days 1,746 sqft
2022-02-01 0 days 1,692 sqft
2022-03-01 0 days 1,762 sqft
2022-04-01 0 days 1,954 sqft
2022-05-01 0 days 1,908 sqft
2022-06-01 0 days 1,945 sqft
2022-07-01 0 days 1,944 sqft
2022-08-01 0 days 1,920 sqft
2022-09-01 0 days 2,020 sqft
2022-10-01 0 days 2,000 sqft
MICHIGAN CITY - LA PORTE's median listing age (time on market) for 2022-10-01 was 0 days.

MICHIGAN CITY - LA PORTE's median square footage for active listings during the 2022-10-01 period was 2,000 sqft. One year prior, the average listing was 1,839 sqft.

MICHIGAN CITY-LA PORTE, IN Average Rent (2022)

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
Refi 1,707 $273,075,000 $159,974
Home Purchase 1,600 $310,650,000 $194,156
Cash Out Refi 915 $151,585,000 $165,667
Home Improvement 344 $33,740,000 $98,081
Other 173 $15,585,000 $90,087

Michigan City - La Porte's most frequently cited loan purpose was Refi, with 1,707 originations. The 2nd most popular reason was Home Purchase, with 1,600 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 1,963 $334,765,000 $170,537
2.5-3% 1,494 $278,580,000 $186,466
<2.5% 852 $130,950,000 $153,697
4-5% 196 $22,150,000 $113,010
5-6% 71 $4,285,000 $60,352
Over 8% 37 $1,805,000 $48,784
6-7% 27 $1,345,000 $49,815
7-8% 25 $1,115,000 $44,600

During 2021, Michigan City - La Porte's most frequently originated rate bucket was 3-4%, with 1,963 originations.

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

Loan Size Originations Total Value Average Loan
$100k-200k 2,052 $294,450,000 $143,494
$100,000 or less 1,480 $89,710,000 $60,615
$200k-400k 997 $264,275,000 $265,070
$400k-600k 157 $75,325,000 $479,777
$600k-1000k 35 $25,415,000 $726,143
$Over $1MM 18 $35,460,000 $1,970,000

MICHIGAN CITY - LA PORTE's loan sizing saw the bucket of loans from $100k-200k with 2,052 originations, totaling $294,450,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 1,507 $294,545,000 $195,451
80-100% 1,485 $277,915,000 $187,148
40-60% 708 $122,510,000 $173,037
20-40% 431 $37,315,000 $86,578
Under 20% 346 $11,430,000 $33,035
Over 100% 27 $6,555,000 $242,778

MICHIGAN CITY - LA PORTE's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 1,507 originations, totaling $294,545,000 in origination value.