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
6.41%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.23% and
one month ago for the week of 2023-04-20, the
average rate was 6.33%.
Michigan City - La Porte's average rate one year ago was 5.19%.
For refis of the same type during the week of 2023-05-25, the average rate
was 5.96%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| Michigan City - La Porte 30 Year Fixed Rate | 2023-05-25 | 6.41% |
| Michigan City - La Porte 30 Year Fixed Rate Refi | 2023-05-25 | 5.96% |
| Michigan City - La Porte 15 Year Fixed Rate | 2023-05-25 | 5.77% |
| Michigan City - La Porte 15 Year Fixed Rate Refi | 2023-05-25 | 4.76% |
| Michigan City - La Porte 30 Year FHA | 2023-05-25 | 6.21% |
| Michigan City - La Porte 30 Year FHA Refi | 2023-05-25 | 6.71% |
| Michigan City - La Porte 30 Year USDA | 2023-05-25 | 6.53% |
| Michigan City - La Porte 30 Year USDA Refi | 2023-05-25 | 6.43% |
| Michigan City - La Porte 30 Year VA | 2023-05-25 | 6.21% |
| Michigan City - La Porte 30 Year VA Refi | 2023-05-25 | 6.21% |
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.).
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 | $210,900 (0.5%) | $362,471 (15.2%) | 0.00 | 298 |
| 2019-04-01 | $251,550 (8.7%) | $370,731 (16.2%) | 0.00 | 282 |
| 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 | $249,900 (5.3%) | $341,427 (7.8%) | 0.00 | 360 |
| 2019-09-01 | $247,450 (5.3%) | $334,110 (0.2%) | 0.00 | 343 |
| 2019-10-01 | $246,575 (13.8%) | $331,345 (3.4%) | 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 (27.1%) | $367,218 (1.3%) | 0.00 | 247 |
| 2020-04-01 | $288,975 (14.9%) | $387,546 (4.5%) | 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 (3.6%) | $414,608 (21.4%) | 0.00 | 176 |
| 2020-09-01 | $264,225 (6.8%) | $429,495 (28.6%) | 0.00 | 167 |
| 2020-10-01 | $261,950 (6.2%) | $430,142 (29.8%) | 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%) | $474,094 (36.4%) | 0.00 | 131 |
| 2022-07-01 | $324,900 (62.5%) | $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 |
| 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 |
MICHIGAN CITY - LA PORTE's median listing price for 2023-04-01 was $302,400, a difference of
$7,950
(2.7%) versus the prior year and
$17,950 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 2023-04-01 was $479,579, a difference of $-2,849 (-0.6%) versus the prior year and $49,315 versus the prior month.
For the 2023-04-01 period, MICHIGAN CITY - LA PORTE had 123 MLS listings, a difference of -28 listings (-19%) versus the prior month and 43 listings (54%) versus the prior year.
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 2023-04-01 was $479,579, a difference of $-2,849 (-0.6%) versus the prior year and $49,315 versus the prior month.
For the 2023-04-01 period, MICHIGAN CITY - LA PORTE had 123 MLS listings, a difference of -28 listings (-19%) versus the prior month and 43 listings (54%) 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 | 2,010 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 | 1,878 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 | 1,993 sqft |
| 2019-08-01 | 0 days | 1,944 sqft |
| 2019-09-01 | 0 days | 1,858 sqft |
| 2019-10-01 | 0 days | 1,911 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 | 1,697 sqft |
| 2022-03-01 | 0 days | 1,782 sqft |
| 2022-04-01 | 0 days | 1,944 sqft |
| 2022-05-01 | 0 days | 1,900 sqft |
| 2022-06-01 | 0 days | 1,922 sqft |
| 2022-07-01 | 0 days | 1,928 sqft |
| 2022-08-01 | 0 days | 1,919 sqft |
| 2022-09-01 | 0 days | 2,017 sqft |
| 2022-10-01 | 0 days | 2,000 sqft |
| 2022-11-01 | 0 days | 1,956 sqft |
| 2022-12-01 | 0 days | 2,000 sqft |
| 2023-01-01 | 0 days | 1,945 sqft |
| 2023-02-01 | 0 days | 2,021 sqft |
| 2023-03-01 | 0 days | 2,014 sqft |
| 2023-04-01 | 0 days | 2,014 sqft |
MICHIGAN CITY - LA PORTE's median listing age (time on market) for 2023-04-01 was 0 days.
MICHIGAN CITY - LA PORTE's median square footage for active listings during the 2023-04-01 period was 2,014 sqft. One year prior, the average listing was 1,944 sqft.
MICHIGAN CITY - LA PORTE's median square footage for active listings during the 2023-04-01 period was 2,014 sqft. One year prior, the average listing was 1,944 sqft.
MICHIGAN CITY-LA PORTE, IN Average Rent (2023)
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| 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.