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
7.03%
for the week of 2024-12-12, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2024-12-05) was
6.72% and
one month ago for the week of 2024-11-07, the
average rate was 6.92%.
Michigan City - La Porte's average rate one year ago was 7.46%.
For refis of the same type during the week of 2024-12-12, the average rate
was 7.2%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-12-12 | 6.6% |
| Michigan City - La Porte 30 Year Fixed Rate | 2024-12-12 | 7.03% |
| Michigan City - La Porte 30 Year Fixed Rate Refi | 2024-12-12 | 7.2% |
| Michigan City - La Porte 15 Year Fixed Rate | 2024-12-12 | 5.64% |
| Michigan City - La Porte 15 Year Fixed Rate Refi | 2024-12-12 | 5.74% |
| Michigan City - La Porte 30 Year FHA | 2024-12-12 | 6.56% |
| Michigan City - La Porte 30 Year FHA Refi | 2024-12-12 | 6.48% |
| Michigan City - La Porte 30 Year USDA | 2024-12-12 | 6.5% |
| Michigan City - La Porte 30 Year USDA Refi | 2024-12-12 | 6.5% |
| Michigan City - La Porte 30 Year VA | 2024-12-12 | 6.18% |
| Michigan City - La Porte 30 Year VA Refi | 2024-12-12 | 5.98% |
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 130 lenders originated 2,276
loans during 2023. The total origination value was $394,040,000, with an average loan value of
$173,128.
MICHIGAN CITY - LA PORTE's average closing costs are $4,021.
The top MICHIGAN CITY - LA PORTE lender as defined by loan originations is Horizon Bank, with
92 loans originated. Their average total fees are
$2,782, which is $2,938
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee MICHIGAN CITY - LA PORTE lenders (with over 10 loans originated) are
Centier Bank ($2,389), Horizon Bank ($2,782), 1st Source Bank ($3,026), Fifth Third Bank ($3,048) and RUOFF MORTGAGE COMPANY, INC. ($3,206).
The lowest rate MICHIGAN CITY - LA PORTE lenders (with over 10 loans originated) are
PNC Bank (6.63%), The Huntington National Bank (6.69%), Wells Fargo Bank (6.70%), JPMorgan Chase Bank (6.77%) and TECH Credit Union (6.78%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Horizon Bank | $81,045,000 | $46,310,000 | -42.9% | 11.8% |
| Centier Bank | $26,050,000 | $26,720,000 | 2.6% | 6.8% |
| Merchants Bank of Indiana | $25,255,000 | n/a | 6.4% | |
| QUICKEN LOANS, LLC | $33,575,000 | $24,320,000 | -27.6% | 6.2% |
| Fifth Third Bank | $18,655,000 | $14,880,000 | -20.2% | 3.8% |
| 1st Source Bank | $17,230,000 | $12,790,000 | -25.8% | 3.2% |
| JPMorgan Chase Bank | $12,225,000 | $10,340,000 | -15.4% | 2.6% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $8,390,000 | $9,800,000 | 16.8% | 2.5% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $16,020,000 | $8,830,000 | -44.9% | 2.2% |
| The Huntington National Bank | $10,350,000 | $8,270,000 | -20.1% | 2.1% |
| GUARANTEED RATE, INC. | $8,065,000 | $7,700,000 | -4.5% | 2.0% |
| HALLMARK HOME MORTGAGE, LLC | $11,195,000 | $7,415,000 | -33.8% | 1.9% |
| UNION HOME MORTGAGE CORP. | $9,235,000 | $6,985,000 | -24.4% | 1.8% |
| PNC Bank | $9,880,000 | $5,540,000 | -43.9% | 1.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,785,000 | $5,495,000 | -5.0% | 1.4% |
| INSPIRE HOME LOANS INC. | $5,490,000 | n/a | 1.4% | |
| Mortgage Research Center, LLC | $7,090,000 | $5,325,000 | -24.9% | 1.4% |
| RUOFF MORTGAGE COMPANY, INC. | $7,160,000 | $4,610,000 | -35.6% | 1.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $10,355,000 | $4,280,000 | -58.7% | 1.1% |
| LOANDEPOT.COM, LLC | $6,735,000 | $4,035,000 | -40.1% | 1.0% |
| GUILD MORTGAGE COMPANY | $3,950,000 | n/a | 1.0% | |
| Wells Fargo Bank | $7,010,000 | $3,925,000 | -44.0% | 1.0% |
| FREEDOM MORTGAGE CORPORATION | $9,110,000 | $3,870,000 | -57.5% | 1.0% |
| TEACHERS CREDIT UNION | $4,285,000 | $3,620,000 | -15.5% | 0.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,670,000 | $3,550,000 | -3.3% | 0.9% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,865,000 | $3,425,000 | -11.4% | 0.9% |
| Lake City Bank | $8,620,000 | $3,220,000 | -62.6% | 0.8% |
| PROPER RATE, LLC | $3,525,000 | $2,960,000 | -16.0% | 0.8% |
| AMERICAN FINANCIAL NETWORK, INC. | $2,900,000 | n/a | 0.7% | |
| PENNYMAC LOAN SERVICES, LLC | $3,665,000 | $2,845,000 | -22.4% | 0.7% |
| Bank of America | $4,075,000 | $2,825,000 | -30.7% | 0.7% |
| UNITED | $4,210,000 | $2,790,000 | -33.7% | 0.7% |
| MEMBERS ADVANTAGE CREDIT UNION | $2,810,000 | $2,685,000 | -4.4% | 0.7% |
| NEWREZ LLC | $1,380,000 | $2,600,000 | 88.4% | 0.7% |
| Farm Credit Mid-America, ACA | $4,395,000 | $2,525,000 | -42.5% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $3,315,000 | $2,480,000 | -25.2% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $2,510,000 | $2,450,000 | -2.4% | 0.6% |
| PURDUE FEDERAL CREDIT UNION | $3,480,000 | $2,360,000 | -32.2% | 0.6% |
| TECH Credit Union | $5,155,000 | $2,350,000 | -54.4% | 0.6% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $2,825,000 | $2,320,000 | -17.9% | 0.6% |
| LIMA ONE CAPITAL, LLC | $1,050,000 | $2,295,000 | 118.6% | 0.6% |
| First Merchants Bank | $3,245,000 | $2,230,000 | -31.3% | 0.6% |
| INOVA FEDERAL CREDIT UNION | $1,895,000 | $2,205,000 | 16.4% | 0.6% |
| The First State Bank of Porter | $2,190,000 | n/a | 0.6% | |
| CARDINAL FINANCIAL | $1,085,000 | $1,990,000 | 83.4% | 0.5% |
| BROKER SOLUTIONS, INC. | $2,045,000 | $1,850,000 | -9.5% | 0.5% |
| Ixonia Bank | $850,000 | $1,765,000 | 107.6% | 0.4% |
| MICHIGAN MUTUAL, INC. | $95,000 | $1,575,000 | 1,557.9% | 0.4% |
| First Federal Savings Bank | $4,165,000 | $1,570,000 | -62.3% | 0.4% |
| First Financial Bank | $1,865,000 | $1,475,000 | -20.9% | 0.4% |
| Bank of England | $3,475,000 | $1,460,000 | -58.0% | 0.4% |
| American Community Bank of Indiana | $1,390,000 | $1,385,000 | -0.4% | 0.4% |
| Notre Dame Federal Credit Union Corporation | $1,495,000 | $1,380,000 | -7.7% | 0.4% |
| Flagstar Bank, FSB | $3,210,000 | $1,330,000 | -58.6% | 0.3% |
| COREVEST AMERICAN FINANCE LENDER LLC | $1,225,000 | n/a | 0.3% | |
| UBS Bank USA | $1,210,000 | n/a | 0.3% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,170,000 | $1,140,000 | -2.6% | 0.3% |
| Morgan Stanley Private Bank | $3,665,000 | $1,110,000 | -69.7% | 0.3% |
| PENTAGON FEDERAL CREDIT UNION | $170,000 | $1,110,000 | 552.9% | 0.3% |
| Discover Bank | $605,000 | $1,085,000 | 79.3% | 0.3% |
| Carrington Mortgage Services, LLC | $1,785,000 | $1,075,000 | -39.8% | 0.3% |
| FIRST COMMUNITY MORTGAGE, INC. | $390,000 | $1,050,000 | 169.2% | 0.3% |
| Old National Bank | $2,705,000 | $1,050,000 | -61.2% | 0.3% |
| Citizens Bank | $1,325,000 | $1,035,000 | -21.9% | 0.3% |
| LEADERONE FINANCIAL CORPORATION | $820,000 | $955,000 | 16.5% | 0.2% |
| U.S. Bank | $3,310,000 | $950,000 | -71.3% | 0.2% |
| FIRST TRUST | $1,230,000 | $940,000 | -23.6% | 0.2% |
| MJW Financial LLC | $135,000 | $905,000 | 570.4% | 0.2% |
| ON Q FINANCIAL, INC. | $895,000 | n/a | 0.2% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,695,000 | $875,000 | -67.5% | 0.2% |
| Peoples Bank | $330,000 | $845,000 | 156.1% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $5,305,000 | $815,000 | -84.6% | 0.2% |
| Pacor Mortgage Corp | $85,000 | $810,000 | 852.9% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $1,495,000 | $790,000 | -47.2% | 0.2% |
| Honor Credit Union | $1,605,000 | $770,000 | -52.0% | 0.2% |
| CIBC Bank USA | $345,000 | $755,000 | 118.8% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,015,000 | $730,000 | -28.1% | 0.2% |
| Citibank | $3,610,000 | $725,000 | -79.9% | 0.2% |
| STOCKTON MORTGAGE CORPORATION | $725,000 | n/a | 0.2% | |
| Bethpage Federal Credit Union | $720,000 | n/a | 0.2% | |
| RAPID MORTGAGE COMPANY | $125,000 | $710,000 | 468.0% | 0.2% |
| DRAPER AND KRAMER MORTGAGE CORP. | $930,000 | $700,000 | -24.7% | 0.2% |
| GUARANTEED RATE AFFINITY, LLC | $2,490,000 | $700,000 | -71.9% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $830,000 | $685,000 | -17.5% | 0.2% |
| BMO Harris Bank | $3,140,000 | $670,000 | -78.7% | 0.2% |
| 21ST MORTGAGE CORPORATION | $150,000 | $660,000 | 340.0% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $175,000 | $655,000 | 274.3% | 0.2% |
| Union Savings Bank | $610,000 | $645,000 | 5.7% | 0.2% |
| NEW DAY FINANCIAL, LLC | $1,165,000 | $640,000 | -45.1% | 0.2% |
| GREENSTATE CREDIT UNION | $1,130,000 | $620,000 | -45.1% | 0.2% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $610,000 | n/a | 0.2% | |
| DIRECT MORTGAGE LOANS, LLC | $460,000 | $575,000 | 25.0% | 0.1% |
| Servion, Inc. | $750,000 | $570,000 | -24.0% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $400,000 | $565,000 | 41.3% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $150,000 | $530,000 | 253.3% | 0.1% |
| Plains Commerce Bank | $1,115,000 | $520,000 | -53.4% | 0.1% |
| USAA Federal Savings Bank | $1,085,000 | $510,000 | -53.0% | 0.1% |
| Gold Coast Bank | $505,000 | n/a | 0.1% | |
| STAR Financial Bank | $465,000 | n/a | 0.1% | |
| DEEPHAVEN MORTGAGE LLC | $460,000 | n/a | 0.1% | |
| Associated Bank | $2,585,000 | $450,000 | -82.6% | 0.1% |
| CONSUMERS | $165,000 | $445,000 | 169.7% | 0.1% |
| UNITED HOME LOANS, INC. | $355,000 | $445,000 | 25.4% | 0.1% |
| GVC MORTGAGE, INC. | $175,000 | $435,000 | 148.6% | 0.1% |
| Figure Lending LLC | $380,000 | $425,000 | 11.8% | 0.1% |
| First Savings Bank | $445,000 | $420,000 | -5.6% | 0.1% |
| First Option Mortgage, LLC | $415,000 | n/a | 0.1% | |
| American Mortgage & Equity Consultants, Inc. | $410,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $410,000 | n/a | 0.1% | |
| The First National Bank of Ottawa | $405,000 | n/a | 0.1% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,095,000 | $400,000 | -63.5% | 0.1% |
| Bankers' Bank | $395,000 | n/a | 0.1% | |
| First Federal Bank | $385,000 | n/a | 0.1% | |
| GENEVA FINANCIAL, LLC | $380,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $335,000 | $375,000 | 11.9% | 0.1% |
| Lakeside Bank | $375,000 | n/a | 0.1% | |
| POLISH & SLAVIC FEDERAL CREDIT UNION | $375,000 | n/a | 0.1% | |
| M&T Bank | $615,000 | $370,000 | -39.8% | 0.1% |
| HOMESTEAD FUNDING CORP. | $365,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $1,300,000 | $360,000 | -72.3% | 0.1% |
| KeyBank | $535,000 | $360,000 | -32.7% | 0.1% |
| Prosperity Home Mortgage, LLC | $265,000 | $355,000 | 34.0% | 0.1% |
| COMPASS MORTGAGE, INC. | $1,485,000 | $350,000 | -76.4% | 0.1% |
| PLANET HOME LENDING, LLC | $155,000 | $350,000 | 125.8% | 0.1% |
| Equity Prime Mortgage LLC | $520,000 | $335,000 | -35.6% | 0.1% |
| EVERETT FINANCIAL, INC. | $165,000 | $330,000 | 100.0% | 0.1% |
| Independent Bank | $275,000 | $330,000 | 20.0% | 0.1% |
| Ally Bank | $325,000 | n/a | 0.1% | |
| The State Bank and Trust Company | $435,000 | $325,000 | -25.3% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $440,000 | $320,000 | -27.3% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $245,000 | $315,000 | 28.6% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $315,000 | n/a | 0.1% | |
| SUMMIT FUNDING, INC. | $315,000 | n/a | 0.1% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $310,000 | n/a | 0.1% | |
| POINT Mortgage | $300,000 | n/a | 0.1% | |
| TEXAS TECH | $295,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $215,000 | $295,000 | 37.2% | 0.1% |
| Marquette Bank | $600,000 | $280,000 | -53.3% | 0.1% |
| MORTGAGE 1 INCORPORATED | $275,000 | n/a | 0.1% | |
| LIBERTY HOME MORTGAGE CORPORATION | $270,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $270,000 | n/a | 0.1% | |
| ARC HOME LLC | $255,000 | n/a | 0.1% | |
| INDIANA UNIVERSITY CREDIT UNION | $255,000 | n/a | 0.1% | |
| CALIBER HOME LOANS, INC. | $4,025,000 | $245,000 | -93.9% | 0.1% |
| Charles Schwab Bank, SSB | $3,545,000 | $245,000 | -93.1% | 0.1% |
| Commerce Home Mortgage, Inc. | $245,000 | $245,000 | 0.0% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $560,000 | $240,000 | -57.1% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $185,000 | $240,000 | 29.7% | 0.1% |
| Regional Federal Credit Union | $265,000 | $240,000 | -9.4% | 0.1% |
| SPRING EQ, LLC | $340,000 | $235,000 | -30.9% | 0.1% |
| THRIVE MORTGAGE, LLC | $235,000 | n/a | 0.1% | |
| POLARIS HOME FUNDING CORP. | $175,000 | $225,000 | 28.6% | 0.1% |
| WINTERWOOD MORTGAGE GROUP, LLC | $225,000 | n/a | 0.1% | |
| OCEANSIDE MORTGAGE COMPANY | $220,000 | n/a | 0.1% | |
| Community Mortgage Banc Corporation | $540,000 | $215,000 | -60.2% | 0.1% |
| Crossroads Bank | $215,000 | n/a | 0.1% | |
| Crystal Lake Bank and Trust | $215,000 | n/a | 0.1% | |
| First Financial Credit Union | $215,000 | n/a | 0.1% | |
| Logan Finance Corporation | $215,000 | n/a | 0.1% | |
| MLD MORTGAGE INC. | $295,000 | $215,000 | -27.1% | 0.1% |
| Nations Lending Corporation | $2,165,000 | $215,000 | -90.1% | 0.1% |
| PREMIA MORTGAGE, LLC | $215,000 | n/a | 0.1% | |
| Sauk Valley Bank & Trust Company | $215,000 | n/a | 0.1% | |
| Truist | $2,145,000 | $215,000 | -90.0% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $210,000 | n/a | 0.1% | |
| AXIA FINANCIAL, LLC | $205,000 | n/a | 0.1% | |
| Flanagan State Bank | $175,000 | $205,000 | 17.1% | 0.1% |
| NEXERA HOLDING LLC | $205,000 | n/a | 0.1% | |
| PLUS RELOCATION MORTGAGE, LLC | $205,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $605,000 | $205,000 | -66.1% | 0.1% |
| FORUM Credit Union | $190,000 | n/a | 0.0% | |
| Neighborhood Loans, Inc. | $1,665,000 | $190,000 | -88.6% | 0.0% |
| PHH Mortgage Corporation | $220,000 | $190,000 | -13.6% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $105,000 | $190,000 | 81.0% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $175,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $300,000 | $165,000 | -45.0% | 0.0% |
| LAKE MORTGAGE COMPANY INC | $435,000 | $165,000 | -62.1% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $415,000 | $145,000 | -65.1% | 0.0% |
| East Coast Capital Corp. | $145,000 | n/a | 0.0% | |
| NUMARK CREDIT UNION | $145,000 | n/a | 0.0% | |
| THE ANDERSON FINANCIAL GROUP, INC. | $175,000 | $145,000 | -17.1% | 0.0% |
| The Federal Savings Bank | $1,120,000 | $145,000 | -87.1% | 0.0% |
| THRIVENT Federal Credit Union | $135,000 | n/a | 0.0% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $135,000 | $125,000 | -7.4% | 0.0% |
| LAKE MICHIGAN CREDIT UNION | $975,000 | $125,000 | -87.2% | 0.0% |
| Allied First Bank,sb | $115,000 | n/a | 0.0% | |
| RF Renovo Management Company, LLC | $115,000 | n/a | 0.0% | |
| CIBM Bank | $105,000 | n/a | 0.0% | |
| ENDEAVOR CAPITAL, LLC. | $105,000 | n/a | 0.0% | |
| First American Bank | $15,000 | $105,000 | 600.0% | 0.0% |
| First National Bank of America | $105,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $190,000 | $105,000 | -44.7% | 0.0% |
| Ottawa Savings Bank | $1,900,000 | $105,000 | -94.5% | 0.0% |
| RBC Bank, (Georgia) | $105,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $145,000 | $105,000 | -27.6% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $100,000 | n/a | 0.0% | |
| CIVIC FINANCIAL SERVICES, LLC | $2,475,000 | $95,000 | -96.2% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $200,000 | $95,000 | -52.5% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $625,000 | $85,000 | -86.4% | 0.0% |
| Elements Financial Federal Credit Union | $75,000 | n/a | 0.0% | |
| FINANCE OF AMERICA MORTGAGE LLC | $1,605,000 | $65,000 | -96.0% | 0.0% |
| Farmers State Bank | $35,000 | n/a | 0.0% | |
| Northwest Bank | $80,000 | $35,000 | -56.3% | 0.0% |
| APCI Federal Credit Union | $25,000 | n/a | 0.0% | |
| First Farmers Bank and Trust Company | $310,000 | $25,000 | -91.9% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% | |
| MidFirst Bank | $75,000 | $25,000 | -66.7% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $25,000 | n/a | 0.0% | |
| COUNTRYPLACE MORTGAGE, LTD. | $30,000 | $15,000 | -50.0% | 0.0% |
MICHIGAN CITY - LA PORTE's top lender by overall market share is Horizon Bank, with 11.8% market share. In second place, with 6.8%, is Centier Bank, having originated $26,720,000 in loans. In third place, with 6.4%, is Merchants Bank of Indiana, having originated $25,255,000 in loans. In fourth place, with 6.2%, is QUICKEN LOANS, LLC, having originated $24,320,000 in loans. In fifth place, with 3.8%, is Fifth Third Bank, having originated $14,880,000 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 |
| 2024-02-01 | $249,490 (-8.3%) | $411,452 (-5.1%) | 0.00 | 185 |
| 2024-03-01 | $250,000 (-12.1%) | $425,879 (-1.0%) | 0.00 | 203 |
| 2024-04-01 | $296,500 (-2.0%) | $475,282 (-0.9%) | 0.00 | 177 |
| 2024-05-01 | $299,900 (4.1%) | $486,242 (13.0%) | 0.00 | 200 |
| 2024-06-01 | $325,000 (17.9%) | $475,566 (16.7%) | 0.00 | 206 |
| 2024-07-01 | $306,500 (3.9%) | $447,911 (5.0%) | 0.00 | 219 |
| 2024-08-01 | $299,000 (-0.2%) | $418,920 (-10.6%) | 0.00 | 238 |
| 2024-09-01 | $292,225 (-9.4%) | $423,906 (-10.8%) | 0.00 | 241 |
| 2024-10-01 | $289,875 (0.0%) | $421,586 (-9.6%) | 0.00 | 235 |
| 2024-11-01 | $289,900 (7.5%) | $411,332 (-8.6%) | 0.00 | 232 |
MICHIGAN CITY - LA PORTE's median listing price for 2024-11-01 was $289,900, a difference of
$20,225
(7.5%) versus the prior year and
$25 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 2024-11-01 was $411,332, a difference of $-38,891 (-8.6%) versus the prior year and $-10,254 versus the prior month.
For the 2024-11-01 period, MICHIGAN CITY - LA PORTE had 232 MLS listings, a difference of -3 listings (-1%) versus the prior month and 10 listings (5%) 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 2024-11-01 was $411,332, a difference of $-38,891 (-8.6%) versus the prior year and $-10,254 versus the prior month.
For the 2024-11-01 period, MICHIGAN CITY - LA PORTE had 232 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 | 1,952 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 |
| 2024-02-01 | 0 days | 1,767 sqft |
| 2024-03-01 | 0 days | 1,774 sqft |
| 2024-04-01 | 0 days | 2,015 sqft |
| 2024-05-01 | 0 days | 2,013 sqft |
| 2024-06-01 | 0 days | 2,029 sqft |
| 2024-07-01 | 0 days | 2,016 sqft |
| 2024-08-01 | 0 days | 2,010 sqft |
| 2024-09-01 | 0 days | 1,995 sqft |
| 2024-10-01 | 0 days | 1,941 sqft |
| 2024-11-01 | 0 days | 1,877 sqft |
MICHIGAN CITY - LA PORTE's median listing age (time on market) for 2024-11-01 was 0 days.
MICHIGAN CITY - LA PORTE's median square footage for active listings during the 2024-11-01 period was 1,877 sqft. One year prior, the average listing was 1,956 sqft.
MICHIGAN CITY - LA PORTE's median square footage for active listings during the 2024-11-01 period was 1,877 sqft. One year prior, the average listing was 1,956 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 MSA | $710 | $860 | $1,070 | $1,380 | $1,530 |
| 46345 | Michigan City-La Porte, IN MSA | $760 | $920 | $1,140 | $1,480 | $1,640 |
| 46346 | Michigan City-La Porte, IN MSA | $580 | $690 | $860 | $1,120 | $1,240 |
| 46348 | Michigan City-La Porte, IN MSA | $760 | $920 | $1,140 | $1,480 | $1,640 |
| 46350 | Michigan City-La Porte, IN MSA | $600 | $720 | $890 | $1,150 | $1,280 |
| 46360 | Michigan City-La Porte, IN MSA | $630 | $760 | $940 | $1,210 | $1,350 |
| 46365 | Michigan City-La Porte, IN MSA | $630 | $760 | $930 | $1,200 | $1,310 |
| 46371 | Michigan City-La Porte, IN MSA | $680 | $810 | $1,010 | $1,310 | $1,450 |
| 46382 | Michigan City-La Porte, IN MSA | $640 | $770 | $950 | $1,240 | $1,370 |
| 46383 | Michigan City-La Porte, IN MSA | $740 | $900 | $1,100 | $1,350 | $1,500 |
| 46390 | Michigan City-La Porte, IN MSA | $740 | $890 | $1,100 | $1,430 | $1,580 |
| 46391 | Michigan City-La Porte, IN MSA | $680 | $810 | $1,010 | $1,290 | $1,430 |
| 46532 | Michigan City-La Porte, IN MSA | $620 | $750 | $930 | $1,210 | $1,340 |
| 46552 | Michigan City-La Porte, IN MSA | $640 | $750 | $910 | $1,160 | $1,240 |
| 46554 | Michigan City-La Porte, IN MSA | $640 | $770 | $920 | $1,170 | $1,240 |
| 46574 | Michigan City-La Porte, IN MSA | $640 | $780 | $950 | $1,210 | $1,300 |
2022 Average & Median Rent Data Statistics
MICHIGAN CITY-LA PORTE, IN average 1BR rent: $804, median: $775
MICHIGAN CITY-LA PORTE, IN average 2BR rent: $991, median: $950
MICHIGAN CITY-LA PORTE, IN average 3BR rent: $1,274, median: $1,225
MICHIGAN CITY-LA PORTE, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,169 | $275,545,000 | $235,710 |
| Home Improvement | 328 | $25,150,000 | $76,677 |
| Cash Out Refi | 323 | $46,975,000 | $145,433 |
| Other | 233 | $17,365,000 | $74,528 |
| Refi | 215 | $28,375,000 | $131,977 |
| NA | 8 | $630,000 | $78,750 |
Michigan City - La Porte's most frequently cited loan purpose was Home Purchase, with 1,169 originations. The 2nd most popular reason was Home Improvement, with 328 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 730 | $131,490,000 | $180,123 |
| 7-8% | 665 | $126,155,000 | $189,707 |
| Over 8% | 562 | $79,820,000 | $142,028 |
| 5-6% | 194 | $44,940,000 | $231,649 |
| <2.5% | 25 | $405,000 | $16,200 |
| 2.5-3% | 15 | $915,000 | $61,000 |
| 4-5% | 13 | $3,035,000 | $233,462 |
| 3-4% | 3 | $175,000 | $58,333 |
During 2023, Michigan City - La Porte's most frequently originated rate bucket was 6-7%, with 730 originations.
Loan Sizing (MICHIGAN CITY-LA PORTE, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 861 | $43,895,000 | $50,981 |
| $100k-200k | 800 | $116,530,000 | $145,663 |
| $200k-400k | 511 | $136,445,000 | $267,016 |
| $400k-600k | 64 | $29,860,000 | $466,563 |
| $600k-1000k | 27 | $20,165,000 | $746,852 |
| $Over $1MM | 13 | $47,145,000 | $3,626,538 |
MICHIGAN CITY - LA PORTE's loan sizing saw the bucket of loans from $100,000 or less with 861 originations, totaling $43,895,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 833 | $176,225,000 | $211,555 |
| 60-80% | 474 | $104,380,000 | $220,211 |
| Under 20% | 342 | $12,280,000 | $35,906 |
| 20-40% | 319 | $27,645,000 | $86,661 |
| 40-60% | 220 | $61,440,000 | $279,273 |
| Over 100% | 18 | $4,200,000 | $233,333 |
MICHIGAN CITY - LA PORTE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 833 originations, totaling $176,225,000 in origination value.