MICHIGAN CITY - LA PORTE Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Michigan City - La Porte averaged
6.98%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.91% and
one month ago for the week of 2025-05-15, the
average rate was 6.88%.
Michigan City - La Porte's average rate one year ago was 7.22%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.26%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Michigan City - La Porte 30 Year Fixed Rate | 2025-06-18 | 6.98% |
| Michigan City - La Porte 30 Year Fixed Rate Refi | 2025-06-18 | 7.26% |
| Michigan City - La Porte 15 Year Fixed Rate | 2025-06-18 | 5.96% |
| Michigan City - La Porte 15 Year Fixed Rate Refi | 2025-06-18 | 6.26% |
| Michigan City - La Porte 30 Year FHA | 2025-06-18 | -0.06% |
| Michigan City - La Porte 30 Year FHA Refi | 2025-06-18 | -0.2% |
| Michigan City - La Porte 30 Year USDA | 2025-06-18 | -0.1% |
| Michigan City - La Porte 30 Year USDA Refi | 2025-06-18 | -0.1% |
| Michigan City - La Porte 30 Year VA | 2025-06-18 | 0.44% |
| Michigan City - La Porte 30 Year VA Refi | 2025-06-18 | 0.2% |
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 129 lenders originated 2,395
loans during 2024. The total origination value was $452,455,000, with an average loan value of
$188,916.
MICHIGAN CITY - LA PORTE's average closing costs are $4,217.
The top MICHIGAN CITY - LA PORTE lender as defined by loan originations is Horizon Bank, with
69 loans originated. Their average total fees are
$3,063, which is $2,944
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee MICHIGAN CITY - LA PORTE lenders (with over 10 loans originated) are
JPMorgan Chase Bank ($2,758), Centier Bank ($2,802), Horizon Bank ($3,063), 1st Source Bank ($3,210) and PNC Bank ($3,271).
The lowest rate MICHIGAN CITY - LA PORTE lenders (with over 10 loans originated) are
PNC Bank (6.56%), JPMorgan Chase Bank (6.69%), GUARANTEED RATE, INC. (6.81%), Fifth Third Bank (6.85%) and RUOFF MORTGAGE COMPANY, INC. (6.86%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Horizon Bank | $46,310,000 | $40,390,000 | -12.8% | 8.9% |
| QUICKEN LOANS, LLC | $24,320,000 | $26,605,000 | 9.4% | 5.9% |
| Fifth Third Bank | $14,880,000 | $15,715,000 | 5.6% | 3.5% |
| 1st Source Bank | $12,790,000 | $15,605,000 | 22.0% | 3.4% |
| Centier Bank | $26,720,000 | $14,980,000 | -43.9% | 3.3% |
| GUILD MORTGAGE COMPANY | $3,950,000 | $13,970,000 | 253.7% | 3.1% |
| Hinsdale Bank & Trust Company | $11,820,000 | n/a | 2.6% | |
| JPMorgan Chase Bank | $10,340,000 | $10,660,000 | 3.1% | 2.4% |
| Mortgage Research Center, LLC | $5,325,000 | $9,765,000 | 83.4% | 2.2% |
| INSPIRE HOME LOANS INC. | $5,490,000 | $9,340,000 | 70.1% | 2.1% |
| HALLMARK HOME MORTGAGE, LLC | $7,415,000 | $8,935,000 | 20.5% | 2.0% |
| GUARANTEED RATE, INC. | $7,700,000 | $8,085,000 | 5.0% | 1.8% |
| LOANDEPOT.COM, LLC | $4,035,000 | $8,050,000 | 99.5% | 1.8% |
| Bank Five Nine | $7,405,000 | n/a | 1.6% | |
| UNION HOME MORTGAGE CORP. | $6,985,000 | $6,820,000 | -2.4% | 1.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,495,000 | $6,455,000 | 17.5% | 1.4% |
| RUOFF MORTGAGE COMPANY, INC. | $4,610,000 | $6,440,000 | 39.7% | 1.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $4,280,000 | $6,240,000 | 45.8% | 1.4% |
| FREEDOM MORTGAGE CORPORATION | $3,870,000 | $5,925,000 | 53.1% | 1.3% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $9,800,000 | $5,775,000 | -41.1% | 1.3% |
| Farm Credit Mid-America, ACA | $2,525,000 | $5,475,000 | 116.8% | 1.2% |
| NEWREZ LLC | $2,600,000 | $5,285,000 | 103.3% | 1.2% |
| Ixonia Bank | $1,765,000 | $5,105,000 | 189.2% | 1.1% |
| BROKER SOLUTIONS, INC. | $1,850,000 | $5,080,000 | 174.6% | 1.1% |
| PNC Bank | $5,540,000 | $5,080,000 | -8.3% | 1.1% |
| Providence Bank & Trust | $4,955,000 | n/a | 1.1% | |
| PROPER RATE, LLC | $2,960,000 | $4,940,000 | 66.9% | 1.1% |
| The Huntington National Bank | $8,270,000 | $4,915,000 | -40.6% | 1.1% |
| PURDUE FEDERAL CREDIT UNION | $2,360,000 | $4,900,000 | 107.6% | 1.1% |
| First Federal Savings Bank | $1,570,000 | $4,885,000 | 211.1% | 1.1% |
| Bank of America | $2,825,000 | $4,400,000 | 55.8% | 1.0% |
| TECH Credit Union | $2,350,000 | $4,335,000 | 84.5% | 1.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $2,900,000 | $4,195,000 | 44.7% | 0.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,550,000 | $3,785,000 | 6.6% | 0.8% |
| MICHIGAN MUTUAL, INC. | $1,575,000 | $3,645,000 | 131.4% | 0.8% |
| TEACHERS CREDIT UNION | $3,620,000 | $3,475,000 | -4.0% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $2,845,000 | $3,300,000 | 16.0% | 0.7% |
| LEADERONE FINANCIAL CORPORATION | $955,000 | $2,955,000 | 209.4% | 0.7% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $2,320,000 | $2,900,000 | 25.0% | 0.6% |
| INDIANA UNIVERSITY CREDIT UNION | $255,000 | $2,760,000 | 982.4% | 0.6% |
| GUARANTEED RATE AFFINITY, LLC | $700,000 | $2,675,000 | 282.1% | 0.6% |
| Barrington Bank & Trust Company, N.A. | $815,000 | $2,640,000 | 223.9% | 0.6% |
| Truist | $215,000 | $2,585,000 | 1,102.3% | 0.6% |
| MEMBERS ADVANTAGE CREDIT UNION | $2,685,000 | $2,580,000 | -3.9% | 0.6% |
| LIMA ONE CAPITAL, LLC | $2,295,000 | $2,575,000 | 12.2% | 0.6% |
| Old National Bank | $1,050,000 | $2,500,000 | 138.1% | 0.6% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,050,000 | $2,265,000 | 115.7% | 0.5% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $655,000 | $2,260,000 | 245.0% | 0.5% |
| North Shore Trust and Savings | $2,005,000 | n/a | 0.4% | |
| INOVA FEDERAL CREDIT UNION | $2,205,000 | $1,970,000 | -10.7% | 0.4% |
| Pacor Mortgage Corp | $810,000 | $1,925,000 | 137.7% | 0.4% |
| First Nations Bank | $1,805,000 | n/a | 0.4% | |
| CARDINAL FINANCIAL | $1,990,000 | $1,800,000 | -9.5% | 0.4% |
| LOANPAL, LLC | $1,800,000 | n/a | 0.4% | |
| UNITED HOME LOANS, INC. | $445,000 | $1,770,000 | 297.8% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $2,480,000 | $1,675,000 | -32.5% | 0.4% |
| Notre Dame Federal Credit Union Corporation | $1,380,000 | $1,665,000 | 20.7% | 0.4% |
| Charles Schwab Bank, SSB | $245,000 | $1,610,000 | 557.1% | 0.4% |
| Raymond James Bank | $1,605,000 | n/a | 0.4% | |
| AmeriHome Mortgage Company, LLC | $360,000 | $1,470,000 | 308.3% | 0.3% |
| U.S. Bank | $950,000 | $1,435,000 | 51.1% | 0.3% |
| Carrington Mortgage Services, LLC | $1,075,000 | $1,400,000 | 30.2% | 0.3% |
| BMO Harris Bank | $670,000 | $1,390,000 | 107.5% | 0.3% |
| Wells Fargo Bank | $3,925,000 | $1,380,000 | -64.8% | 0.3% |
| ROYAL UNITED MORTGAGE LLC | $790,000 | $1,355,000 | 71.5% | 0.3% |
| Old Plank Trail Community Bank | $1,345,000 | n/a | 0.3% | |
| Mr. Cooper ( Nationstar Mortgage ) | $3,425,000 | $1,340,000 | -60.9% | 0.3% |
| SELFRELIANCE | $1,300,000 | n/a | 0.3% | |
| POINT Mortgage | $300,000 | $1,285,000 | 328.3% | 0.3% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $730,000 | $1,265,000 | 73.3% | 0.3% |
| MEMBER FIRST MORTGAGE, LLC | $530,000 | $1,250,000 | 135.8% | 0.3% |
| Northpointe Bank | $1,235,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $2,450,000 | $1,220,000 | -50.2% | 0.3% |
| Equity Prime Mortgage LLC | $335,000 | $1,215,000 | 262.7% | 0.3% |
| FIRST TRUST | $940,000 | $1,190,000 | 26.6% | 0.3% |
| DIRECT MORTGAGE LOANS, LLC | $575,000 | $1,175,000 | 104.3% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $315,000 | $1,160,000 | 268.3% | 0.3% |
| Morgan Stanley Private Bank | $1,110,000 | $1,140,000 | 2.7% | 0.3% |
| Lake City Bank | $3,220,000 | $1,110,000 | -65.5% | 0.2% |
| Flagstar Bank, FSB | $1,330,000 | $1,100,000 | -17.3% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $240,000 | $1,065,000 | 343.8% | 0.2% |
| American Mortgage & Equity Consultants, Inc. | $410,000 | $1,050,000 | 156.1% | 0.2% |
| St Charles Bank & Trust | $995,000 | n/a | 0.2% | |
| Lake Forest Bank & Trust | $985,000 | n/a | 0.2% | |
| LENDINGHOME FUNDING CORPORATION | $95,000 | $980,000 | 931.6% | 0.2% |
| NEW DAY FINANCIAL, LLC | $640,000 | $915,000 | 43.0% | 0.2% |
| Discover Bank | $1,085,000 | $860,000 | -20.7% | 0.2% |
| INTERRA CREDIT UNION | $855,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $105,000 | $845,000 | 704.8% | 0.2% |
| 21ST MORTGAGE CORPORATION | $660,000 | $840,000 | 27.3% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,140,000 | $815,000 | -28.5% | 0.2% |
| Honor Credit Union | $770,000 | $810,000 | 5.2% | 0.2% |
| The Federal Savings Bank | $145,000 | $800,000 | 451.7% | 0.2% |
| Independent Bank | $330,000 | $790,000 | 139.4% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $785,000 | n/a | 0.2% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $400,000 | $770,000 | 92.5% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $295,000 | $750,000 | 154.2% | 0.2% |
| PHH Mortgage Corporation | $190,000 | $730,000 | 284.2% | 0.2% |
| CITIZENS EQUITY FIRST | $725,000 | n/a | 0.2% | |
| USAA Federal Savings Bank | $510,000 | $725,000 | 42.2% | 0.2% |
| EAGLE HOME MORTGAGE, LLC | $720,000 | n/a | 0.2% | |
| The State Bank and Trust Company | $325,000 | $720,000 | 121.5% | 0.2% |
| WRIGHT-PATT CREDIT UNION, INC. | $655,000 | n/a | 0.1% | |
| Bank of England | $1,460,000 | $650,000 | -55.5% | 0.1% |
| First Financial Bank | $1,475,000 | $645,000 | -56.3% | 0.1% |
| OAK MORTGAGE, LLC | $630,000 | n/a | 0.1% | |
| GREENSTATE CREDIT UNION | $620,000 | $600,000 | -3.2% | 0.1% |
| PLANET HOME LENDING, LLC | $350,000 | $560,000 | 60.0% | 0.1% |
| UNITED | $2,790,000 | $560,000 | -79.9% | 0.1% |
| Comerica Bank | $555,000 | n/a | 0.1% | |
| MJW Financial LLC | $905,000 | $550,000 | -39.2% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $685,000 | $545,000 | -20.4% | 0.1% |
| Marquette Bank | $280,000 | $540,000 | 92.9% | 0.1% |
| FORT FINANCIAL Federal Credit Union | $535,000 | n/a | 0.1% | |
| UBS Bank USA | $1,210,000 | $535,000 | -55.8% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $510,000 | n/a | 0.1% | |
| Associated Bank | $450,000 | $505,000 | 12.2% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $505,000 | n/a | 0.1% | |
| First Farmers Bank and Trust Company | $25,000 | $500,000 | 1,900.0% | 0.1% |
| Cornerstone First Mortgage, Inc | $485,000 | n/a | 0.1% | |
| Peoples Bank | $845,000 | $480,000 | -43.2% | 0.1% |
| ALLIANT | $455,000 | n/a | 0.1% | |
| CANOPY MORTGAGE, LLC | $455,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $1,110,000 | $455,000 | -59.0% | 0.1% |
| Servion, Inc. | $570,000 | $450,000 | -21.1% | 0.1% |
| Credence Funding Corporation | $430,000 | n/a | 0.1% | |
| Cornerstone National Bank & Trust Company | $425,000 | n/a | 0.1% | |
| Wintrust Bank, N.A. | $425,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $875,000 | $410,000 | -53.1% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $320,000 | $405,000 | 26.6% | 0.1% |
| Northbrook Bank & Trust | $405,000 | n/a | 0.1% | |
| Figure Lending LLC | $425,000 | $400,000 | -5.9% | 0.1% |
| Nations Lending Corporation | $215,000 | $400,000 | 86.0% | 0.1% |
| OCMBC, INC. | $400,000 | n/a | 0.1% | |
| Stifel Bank and Trust | $395,000 | n/a | 0.1% | |
| V.I.P. MORTGAGE, INC. | $395,000 | n/a | 0.1% | |
| First Federal Bank | $385,000 | $385,000 | 0.0% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $460,000 | $380,000 | -17.4% | 0.1% |
| HOMESTEAD FUNDING CORP. | $365,000 | $375,000 | 2.7% | 0.1% |
| Prosperity Home Mortgage, LLC | $355,000 | $360,000 | 1.4% | 0.1% |
| VAN DYK MORTGAGE CORPORATION | $85,000 | $340,000 | 300.0% | 0.1% |
| ARC HOME LLC | $255,000 | $335,000 | 31.4% | 0.1% |
| Arvest Bank | $335,000 | n/a | 0.1% | |
| ON Q FINANCIAL, INC. | $895,000 | $330,000 | -63.1% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $325,000 | n/a | 0.1% | |
| First Merchants Bank | $2,230,000 | $320,000 | -85.7% | 0.1% |
| S1L, Inc. | $320,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $315,000 | n/a | 0.1% | |
| SUMMIT FUNDING, INC. | $315,000 | $315,000 | 0.0% | 0.1% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $315,000 | n/a | 0.1% | |
| Key Mortgage Services, Inc. | $305,000 | n/a | 0.1% | |
| NETWORK CAPITAL FUNDING CORPORATION | $305,000 | n/a | 0.1% | |
| AMERICAN HERITAGE LENDING, INC. | $300,000 | n/a | 0.1% | |
| First American Bank | $105,000 | $300,000 | 185.7% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $300,000 | n/a | 0.1% | |
| The Loan Store, Inc. | $300,000 | n/a | 0.1% | |
| NBKC BANK | $295,000 | n/a | 0.1% | |
| AMERICAN INTERNET MORTGAGE, INC. | $285,000 | n/a | 0.1% | |
| MLB RESIDENTIAL LENDING, LLC | $285,000 | n/a | 0.1% | |
| Residential Mortgage Solutions, Inc. | $285,000 | n/a | 0.1% | |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $610,000 | $280,000 | -54.1% | 0.1% |
| KeyBank | $360,000 | $280,000 | -22.2% | 0.1% |
| Hometown Equity Mortgage, LLC | $275,000 | n/a | 0.1% | |
| Texana Bank | $275,000 | n/a | 0.1% | |
| GVC MORTGAGE, INC. | $435,000 | $270,000 | -37.9% | 0.1% |
| BAY EQUITY LLC | $265,000 | n/a | 0.1% | |
| Bell Bank | $255,000 | n/a | 0.1% | |
| Citibank | $725,000 | $255,000 | -64.8% | 0.1% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $245,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $330,000 | $245,000 | -25.8% | 0.1% |
| Loan Simple, Inc. | $245,000 | n/a | 0.1% | |
| Union Savings Bank | $645,000 | $245,000 | -62.0% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $240,000 | n/a | 0.1% | |
| M&T Bank | $370,000 | $235,000 | -36.5% | 0.1% |
| Citizens Bank | $1,035,000 | $225,000 | -78.3% | 0.0% |
| CROWN MORTGAGE COMPANY | $225,000 | n/a | 0.0% | |
| POLARIS HOME FUNDING CORP. | $225,000 | $225,000 | 0.0% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $190,000 | $225,000 | 18.4% | 0.0% |
| THE ANDERSON FINANCIAL GROUP, INC. | $145,000 | $220,000 | 51.7% | 0.0% |
| LENDINGONE, LLC | $105,000 | $210,000 | 100.0% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $240,000 | $205,000 | -14.6% | 0.0% |
| KINECTA | $205,000 | n/a | 0.0% | |
| The First State Bank of Porter | $2,190,000 | $200,000 | -90.9% | 0.0% |
| Allied First Bank,sb | $115,000 | $195,000 | 69.6% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $315,000 | $195,000 | -38.1% | 0.0% |
| AmRes Corporation | $195,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $380,000 | $195,000 | -48.7% | 0.0% |
| Lakeview Community Capital, LLC | $195,000 | n/a | 0.0% | |
| STAR ONE CREDIT UNION | $195,000 | n/a | 0.0% | |
| BEACON CREDIT UNION | $185,000 | n/a | 0.0% | |
| COMPASS MORTGAGE, INC. | $350,000 | $175,000 | -50.0% | 0.0% |
| FAIR WAY LENDING LLC | $175,000 | n/a | 0.0% | |
| First State Bank of Middlebury | $175,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $175,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $310,000 | $175,000 | -43.5% | 0.0% |
| ALLIANT CREDIT UNION | $170,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $165,000 | n/a | 0.0% | |
| American Community Bank of Indiana | $1,385,000 | $155,000 | -88.8% | 0.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $125,000 | $155,000 | 24.0% | 0.0% |
| PARTNERS 1ST Federal Credit Union | $155,000 | n/a | 0.0% | |
| University Bank | $155,000 | n/a | 0.0% | |
| VERITAS FUNDING, LLC | $155,000 | n/a | 0.0% | |
| ENDEAVOR CAPITAL, LLC. | $105,000 | $145,000 | 38.1% | 0.0% |
| RF Renovo Management Company, LLC | $115,000 | $145,000 | 26.1% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $135,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $135,000 | n/a | 0.0% | |
| First Federal Savings and Loan Association of Lakewood | $135,000 | n/a | 0.0% | |
| Regional Federal Credit Union | $240,000 | $130,000 | -45.8% | 0.0% |
| SPRING EQ, LLC | $235,000 | $130,000 | -44.7% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $410,000 | $125,000 | -69.5% | 0.0% |
| Signature Federal Credit Union | $125,000 | n/a | 0.0% | |
| Flanagan State Bank | $205,000 | $105,000 | -48.8% | 0.0% |
| FLAT BRANCH MORTGAGE, INC. | $105,000 | n/a | 0.0% | |
| Logan Finance Corporation | $215,000 | $105,000 | -51.2% | 0.0% |
| DELMAR FINANCIAL COMPANY | $95,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $165,000 | $95,000 | -42.4% | 0.0% |
| STOCKTON MORTGAGE CORPORATION | $725,000 | $95,000 | -86.9% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $85,000 | n/a | 0.0% | |
| Farmers State Bank | $35,000 | $85,000 | 142.9% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $100,000 | $85,000 | -15.0% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $75,000 | n/a | 0.0% | |
| Connexus Credit Union | $55,000 | n/a | 0.0% | |
| Crossroads Bank | $215,000 | $55,000 | -74.4% | 0.0% |
| TOWER | $45,000 | n/a | 0.0% | |
| NUMARK CREDIT UNION | $145,000 | $35,000 | -75.9% | 0.0% |
| THRIVENT Federal Credit Union | $135,000 | $25,000 | -81.5% | 0.0% |
| COUNTRYPLACE MORTGAGE, LTD. | $15,000 | $15,000 | 0.0% | 0.0% |
| Northwest Bank | $35,000 | $15,000 | -57.1% | 0.0% |
MICHIGAN CITY - LA PORTE's top lender by overall market share is Horizon Bank, with 8.9% market share. In second place, with 5.9%, is QUICKEN LOANS, LLC, having originated $26,605,000 in loans. In third place, with 3.5%, is Fifth Third Bank, having originated $15,715,000 in loans. In fourth place, with 3.4%, is 1st Source Bank, having originated $15,605,000 in loans. In fifth place, with 3.3%, is Centier Bank, having originated $14,980,000 in loans.
MICHIGAN CITY-LA PORTE, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,152 | $284,260,000 | $246,753 |
| Cash Out Refi | 360 | $57,880,000 | $160,778 |
| Refi | 334 | $65,390,000 | $195,778 |
| Home Improvement | 332 | $24,120,000 | $72,651 |
| Other | 217 | $20,805,000 | $95,876 |
Michigan City - La Porte's most frequently cited loan purpose was Home Purchase, with 1,152 originations. The 2nd most popular reason was Cash Out Refi, with 360 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 837 | $187,125,000 | $223,566 |
| Over 8% | 609 | $58,825,000 | $96,593 |
| 7-8% | 580 | $121,370,000 | $209,259 |
| 5-6% | 223 | $51,905,000 | $232,758 |
| <2.5% | 30 | $300,000 | $10,000 |
| 2.5-3% | 17 | $875,000 | $51,471 |
| 4-5% | 16 | $6,180,000 | $386,250 |
| 3-4% | 5 | $895,000 | $179,000 |
During 2024, Michigan City - La Porte's most frequently originated rate bucket was 6-7%, with 837 originations.
Loan Sizing (MICHIGAN CITY-LA PORTE, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 808 | $42,680,000 | $52,822 |
| $100k-200k | 792 | $117,650,000 | $148,548 |
| $200k-400k | 648 | $174,760,000 | $269,691 |
| $400k-600k | 94 | $44,250,000 | $470,745 |
| $600k-1000k | 32 | $22,760,000 | $711,250 |
| $Over $1MM | 21 | $50,355,000 | $2,397,857 |
MICHIGAN CITY - LA PORTE's loan sizing saw the bucket of loans from $100,000 or less with 808 originations, totaling $42,680,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 812 | $193,830,000 | $238,707 |
| 60-80% | 526 | $123,700,000 | $235,171 |
| 20-40% | 360 | $35,760,000 | $99,333 |
| Under 20% | 336 | $13,040,000 | $38,810 |
| 40-60% | 234 | $47,860,000 | $204,530 |
| Over 100% | 25 | $7,565,000 | $302,600 |
MICHIGAN CITY - LA PORTE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 812 originations, totaling $193,830,000 in origination value.