MICHIGAN CITY - LA PORTE Mortgage Rates
30 Year Fixed Rate mortgages in Michigan City - La Porte averaged
5.35%
for the week of 2022-05-12, compared to the national average of
5.3% for the same period.
The average rate for the prior week (2022-05-05) was
5.32% and
one month ago for the week of 2022-04-07, the
average rate was 4.97%.
Michigan City - La Porte's average rate one year ago was 3.05%.
For refis of the same type during the week of 2022-05-12, the average rate
was 5.25%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-05-12 | 5.3% |
| Michigan City - La Porte 30 Year Fixed Rate | 2022-05-12 | 5.35% |
| Michigan City - La Porte 30 Year Fixed Rate Refi | 2022-05-12 | 5.25% |
| Michigan City - La Porte 15 Year Fixed Rate | 2022-05-12 | 5.14% |
| Michigan City - La Porte 15 Year Fixed Rate Refi | 2022-05-12 | 4.68% |
| Michigan City - La Porte 30 Year FHA | 2022-05-12 | 5.73% |
| Michigan City - La Porte 30 Year FHA Refi | 2022-05-12 | 5.38% |
| Michigan City - La Porte 30 Year USDA | 2022-05-12 | 5.49% |
| Michigan City - La Porte 30 Year USDA Refi | 2022-05-12 | 5.28% |
| Michigan City - La Porte 30 Year VA | 2022-05-12 | 5.46% |
| Michigan City - La Porte 30 Year VA Refi | 2022-05-12 | 5.05% |
MICHIGAN CITY - LA PORTE Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, 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, 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.
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 Lender 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 third place, with 3.4%, is Fifth Third Bank, having originated $26,950,000 in loans. In third place, with 3.3%, is 1st Source Bank, having originated $25,865,000 in loans.
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.
