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 7.12% for the week of 2024-06-06, compared to the national average of 6.99% for the same period.

The average rate for the prior week (2024-05-30) was 7.16% and one month ago for the week of 2024-05-02, the average rate was 7.45%.

Michigan City - La Porte's average rate one year ago was 6.82%.

For refis of the same type during the week of 2024-06-06, the average rate was 7.19%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-06 6.99%
Michigan City - La Porte 30 Year Fixed Rate 2024-06-06 7.12%
Michigan City - La Porte 30 Year Fixed Rate Refi 2024-06-06 7.19%
Michigan City - La Porte 15 Year Fixed Rate 2024-06-06 6.49%
Michigan City - La Porte 15 Year Fixed Rate Refi 2024-06-06 6.39%
Michigan City - La Porte 30 Year FHA 2024-06-06 6.87%
Michigan City - La Porte 30 Year FHA Refi 2024-06-06 6.79%
Michigan City - La Porte 30 Year USDA 2024-06-06 6.7%
Michigan City - La Porte 30 Year USDA Refi 2024-06-06 6.9%
Michigan City - La Porte 30 Year VA 2024-06-06 6.49%
Michigan City - La Porte 30 Year VA Refi 2024-06-06 6.29%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MICHIGAN CITY-LA PORTE, IN.

MICHIGAN CITY - LA PORTE Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the MICHIGAN CITY-LA PORTE, IN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Horizon Bank 92 7.08% $2,782
QUICKEN LOANS, LLC 51 6.83% $5,719
The Huntington National Bank 48 6.69% $3,890
Centier Bank 40 7.15% $2,389
JPMorgan Chase Bank 35 6.77% $4,018
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 35 6.95% $4,541
FIRST CENTENNIAL MORTGAGE CORPORATION 32 6.92% $3,808
1st Source Bank 32 7.33% $3,026
Fifth Third Bank 32 7.07% $3,048
UNION HOME MORTGAGE CORP. 22 7.42% $4,297
HALLMARK HOME MORTGAGE, LLC 22 7.42% $4,816
Wells Fargo Bank 17 6.70% $4,172
RUOFF MORTGAGE COMPANY, INC. 16 7.09% $3,206
GUARANTEED RATE, INC. 14 6.88% $4,419
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 7.31% $3,792
Farm Credit Mid-America, ACA 11 7.06% $5,272
PNC Bank 11 6.63% $3,699
GUILD MORTGAGE COMPANY 11 7.58% $5,065
UNITED WHOLESALE MORTGAGE, LLC 11 6.86% $5,795
TEACHERS CREDIT UNION 10 7.04% $3,226
AMERICAN FINANCIAL NETWORK, INC. 10 7.11% $4,950
TECH Credit Union 10 6.78% $3,249
PROPER RATE, LLC 7 7.39% $5,003
LOANDEPOT.COM, LLC 7 6.63% $6,934
CROSSCOUNTRY MORTGAGE, LLC 6 7.22% $5,445
Mr. Cooper ( Nationstar Mortgage ) 6 6.87% $7,542
UNITED 6 6.73% $3,063
Notre Dame Federal Credit Union Corporation 5 7.05% $3,189
PENNYMAC LOAN SERVICES, LLC 5 6.70% $3,359
NEWREZ LLC 5 6.97% $4,971
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 6.82% $7,815
INOVA FEDERAL CREDIT UNION 5 6.48% $2,153
Ixonia Bank 5 7.40% $7,550
GUARANTEED RATE AFFINITY, LLC 4 7.06% $3,517
Citizens Bank 4 6.88% $4,297
FIRST TRUST 4 8.19% $2,460
Flagstar Bank, FSB 4 6.41% $2,844
INSPIRE HOME LOANS INC. 4 6.31% $3,696
MJW Financial LLC 3 7.00% $3,705
Bank of America 3 6.17% $4,435
MICHIGAN MUTUAL, INC. 3 7.92% $4,554
Peoples Bank 3 7.29% $3,240
CARDINAL FINANCIAL 3 7.58% $6,247
Mortgage Research Center, LLC 3 6.58% $2,331
NAVY FEDERAL CREDIT UNION 3 6.96% $4,719
BROKER SOLUTIONS, INC. 3 7.13% $5,222
Pacor Mortgage Corp 3 6.96% $4,605
U.S. Bank 2 6.88% $2,604
ON Q FINANCIAL, INC. 2 7.06% $3,388
COMPASS MORTGAGE, INC. 2 6.81% $4,645
Old National Bank 2 7.44% $4,225
Neighborhood Loans, Inc. 2 7.38% $4,454
NATIONWIDE MORTGAGE BANKERS, INC. 2 6.88% $4,615
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.94% $3,625
GVC MORTGAGE, INC. 2 6.88% $6,271
AMERISAVE MORTGAGE CORPORATION 2 7.12% $9,658
DRAPER AND KRAMER MORTGAGE CORP. 2 8.13% $5,272
Independent Bank 2 6.50% $2,702
Morgan Stanley Private Bank 2 6.13% $3,586
LEADERONE FINANCIAL CORPORATION 2 7.18% $5,551
MEMBER FIRST MORTGAGE, LLC 2 6.94% $3,262
Bank of England 2 6.44% $7,417
Servion, Inc. 2 6.25% $3,680
Associated Bank 2 7.06% $2,239
ROYAL UNITED MORTGAGE LLC 2 6.69% $7,414
First Financial Bank 2 6.88% $2,782
PURDUE FEDERAL CREDIT UNION 2 7.31% $2,432
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.75% $7,146
POINT Mortgage 2 6.99% $2,867
First Merchants Bank 2 6.38% $3,326
Marquette Bank 2 6.31% $2,165
DIRECT MORTGAGE LOANS, LLC 2 6.69% $10,251
FIRST COMMUNITY MORTGAGE, INC. 2 7.06% $4,981
Discover Bank 2 6.74% $0
FORUM Credit Union 2 5.94% $1,511
ZILLOW HOME LOANS, LLC 1 7.13% $4,303
ACADEMY MORTGAGE CORPORATION 1 7.50% $4,399
Allied First Bank,sb 1 6.25% $3,241
Ally Bank 1 5.63% $14,445
American Mortgage & Equity Consultants, Inc. 1 7.38% $4,109
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.00% $4,913
AmeriHome Mortgage Company, LLC 1 5.75% $3,054
ARC HOME LLC 1 7.50% $2,611
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.49% $3,570
Bankers' Bank 1 6.50% $2,811
Barrington Bank & Trust Company, N.A. 1 7.13% $4,077
Bethpage Federal Credit Union 1 6.13% $3,087
BETTER MORTGAGE CORPORATION 1 5.88% $7,809
CALIBER HOME LOANS, INC. 1 7.13% $7,489
Charles Schwab Bank, SSB 1 5.50% $2,716
CHURCHILL MORTGAGE CORPORATION 1 6.00% $6,887
CIBC Bank USA 1 5.38% $4,923
Citibank 1 4.88% $3,356
Commerce Home Mortgage, Inc. 1 8.63% $8,220
Community Mortgage Banc Corporation 1 7.63% $2,602
CONSUMERS 1 7.88% $2,618
Crossroads Bank 1 5.88% $2,046
DEEPHAVEN MORTGAGE LLC 1 8.50% $6,547
EVERETT FINANCIAL, INC. 1 6.99% $713
First Federal Savings Bank 1 7.63% $5,119
First Financial Credit Union 1 7.13% $3,553
First National Bank of America 1 10.12% $4,937
First Option Mortgage, LLC 1 6.25% $11,535
FREEDOM MORTGAGE CORPORATION 1 7.38% $7,713
Gold Coast Bank 1 7.99% $3,384
HOMESIDE FINANCIAL, LLC 1 6.88% $6,754
HOMESTEAD FUNDING CORP. 1 7.25% $3,710
INDIANA UNIVERSITY CREDIT UNION 1 6.13% $2,495
KeyBank 1 6.75% $3,556
Lake City Bank 1 6.50% $1,628
LAKE MICHIGAN CREDIT UNION 1 6.88% $2,486
LAKE MORTGAGE COMPANY INC 1 6.88% $3,771
MORTGAGE 1 INCORPORATED 1 6.13% $4,205
MOVEMENT MORTGAGE, LLC 1 6.99% $1,911
M&T Bank 1 7.50% $3,440
NUMARK CREDIT UNION 1 6.25% $2,810
PHH Mortgage Corporation 1 7.38% $3,902
PLANET HOME LENDING, LLC 1 6.50% $10,431
PLAZA HOME MORTGAGE, INC. 1 7.50% $9,169
STOCKTON MORTGAGE CORPORATION 1 8.13% $6,369
The First National Bank of Ottawa 1 7.50% $5,650
The State Bank and Trust Company 1 7.88% $2,244
THRIVE MORTGAGE, LLC 1 6.38% $2,767
THRIVENT Federal Credit Union 1 8.00% $6,051
Truist 1 6.49% $3,193
UBS Bank USA 1 5.13% $3,340
Union Savings Bank 1 6.63% $1,767
UNITED HOME LOANS, INC. 1 7.38% $2,985
USAA Federal Savings Bank 1 6.75% $2,816
WINTERWOOD MORTGAGE GROUP, LLC 1 5.88% $5,157

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
MICHIGAN CITY - LA PORTE's median listing price for 2024-05-01 was $299,900, a difference of $11,725 (4.1%) versus the prior year and $3,400 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 2024-05-01 was $486,242, a difference of $55,788 (13.0%) versus the prior year and $10,960 versus the prior month.

For the 2024-05-01 period, MICHIGAN CITY - LA PORTE had 200 MLS listings, a difference of 23 listings (13%) versus the prior month and 54 listings (37%) 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
MICHIGAN CITY - LA PORTE's median listing age (time on market) for 2024-05-01 was 0 days.

MICHIGAN CITY - LA PORTE's median square footage for active listings during the 2024-05-01 period was 2,013 sqft. One year prior, the average listing was 2,015 sqft.

MICHIGAN CITY-LA PORTE, IN Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
46340 Michigan City-La Porte, IN 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.