MIDLAND Mortgage Rates

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Midland averaged 5.63% 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 5.4% and one month ago for the week of 2022-04-07, the average rate was 5.05%.

Midland's average rate one year ago was 3.09%.

For refis of the same type during the week of 2022-05-12, the average rate was 5.63%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-05-12 5.3%
Midland 30 Year Fixed Rate 2022-05-12 5.63%
Midland 30 Year Fixed Rate Refi 2022-05-12 5.63%
Midland 15 Year Fixed Rate 2022-05-12 5.16%
Midland 15 Year Fixed Rate Refi 2022-05-12 4.53%
Midland 30 Year FHA 2022-05-12 5.99%
Midland 30 Year FHA Refi 2022-05-12 5.26%
Midland 30 Year USDA 2022-05-12 5.52%
Midland 30 Year USDA Refi 2022-05-12 4.81%
Midland 30 Year VA 2022-05-12 5.38%
Midland 30 Year VA Refi 2022-05-12 5.06%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MIDLAND, MI.

MIDLAND 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 MIDLAND, MI 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
DOW CHEMICAL EMPLOYEES' 271 3.43% $2,661
QUICKEN LOANS, LLC 160 3.13% $4,388
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 124 3.37% $3,368
MEMBERS FIRST Credit Union 73 3.13% $1,749
ACADEMY MORTGAGE CORPORATION 65 3.41% $3,517
Mercantile Bank of Michigan 58 3.28% $2,607
UNITED WHOLESALE MORTGAGE, LLC 57 3.00% $3,367
Frankenmuth Credit Union 40 3.15% $2,052
Isabella Bank 37 2.89% $2,875
1st State Financial, Ltd. 36 3.19% $2,432
The Huntington National Bank 35 3.08% $3,114
JPMorgan Chase Bank 34 3.00% $1,807
Independent Bank 29 3.18% $3,116
LAKE MICHIGAN CREDIT UNION 22 3.06% $2,836
Wells Fargo Bank 17 3.17% $2,314
ENVOY MORTGAGE, LTD 17 3.51% $3,268
UNION HOME MORTGAGE CORP. 16 3.16% $3,000
Flagstar Bank, FSB 15 3.31% $2,864
Fifth Third Bank 15 3.15% $3,035
MID AMERICA MORTGAGE, INC. 15 3.36% $3,592
Horizon Bank 15 3.29% $2,762
GENEVA FINANCIAL, LLC 13 3.45% $3,475
TCF National Bank 13 3.02% $3,566
FREEDOM MORTGAGE CORPORATION 11 3.24% $1,726
MORTGAGE 1 INCORPORATED 11 3.51% $4,015
Mr. Cooper ( Nationstar Mortgage ) 10 2.98% $5,398
PRIMELENDING, A PLAINSCAPITAL COMPANY 10 3.30% $2,771
Wanigas Credit Union 10 3.20% $2,168
The Dart Bank 9 3.71% $3,076
J. VIRGIL, INC. 8 3.28% $4,137
FINANCE OF AMERICA MORTGAGE LLC 7 3.34% $3,048
TEAM ONE CREDIT UNION 7 3.20% $1,543
AMERIFIRST FINANCIAL CORPORATION 7 3.48% $3,629
HEALTH ADVANTAGE FEDERAL CREDIT UNION 7 3.36% $2,437
CALIBER HOME LOANS, INC. 6 3.63% $2,980
BETTER MORTGAGE CORPORATION 6 3.15% $2,036
PNC Bank 6 3.10% $2,237
UNITED FINANCIAL Credit Union 6 3.02% $2,516
JOLT CREDIT UNION 5 2.78% $2,536
GreenStone Farm Credit Services, FLCA 5 3.84% $4,183
The State Bank 5 3.95% $2,789
BROKER SOLUTIONS, INC. 4 3.16% $4,861
MICHIGAN SCHOOLS AND GOVERNMENT 4 2.91% $2,790
LOANDEPOT.COM, LLC 4 3.43% $4,266
GUARANTEED RATE, INC. 4 3.06% $2,663
Bank of America 4 3.09% $3,068
CROSSCOUNTRY MORTGAGE, LLC 4 3.28% $3,637
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 4 3.56% $3,164
STAUNTON FINANCIAL, INC. 3 3.04% $4,054
U.S. Bank 3 2.96% $2,878
ROYAL UNITED MORTGAGE LLC 3 3.58% $5,877
NEWREZ LLC 3 3.16% $2,350
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.12% $4,538
Ally Bank 3 2.67% $3,897
Northpointe Bank 3 3.25% $2,572
FIRST COMMUNITY MORTGAGE, INC. 3 2.96% $2,393
HOMESIDE FINANCIAL, LLC 3 2.75% $2,776
AMERICAN FINANCING CORPORATION 3 2.96% $3,242
Wyndham Capital Mortgage, Inc. 3 2.79% $2,170
American Mortgage & Equity Consultants, Inc. 3 3.00% $3,322
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 3.12% $2,333
FINANCIAL PLUS CREDIT UNION 2 3.00% $3,196
HOME POINT FINANCIAL CORPORATION 2 3.00% $2,204
COPOCO Community Credit Union 2 3.38% $2,902
CONSUMERS 2 4.06% $2,327
KeyBank 2 2.69% $2,830
Chicago Mortgage Solutions LLC 2 2.87% $1,156
MICHIGAN MUTUAL, INC. 2 3.25% $3,455
MORTGAGE CENTER L.C 2 3.13% $2,633
Mortgage Research Center, LLC 2 2.75% $2,817
BLG HOLDINGS, INC. 2 3.38% $3,478
MUTUAL OF OMAHA MORTGAGE, INC. 2 3.38% $3,037
PENTAGON FEDERAL CREDIT UNION 2 2.69% $2,820
Platinum Home Mortgage Corporation 2 3.50% $7,932
PREMIA MORTGAGE, LLC 2 3.00% $1,704
Stifel Bank and Trust 2 2.94% $2,224
AMERISAVE MORTGAGE CORPORATION 2 3.00% $6,016
FinancialEdge Community Credit Union 2 3.06% $2,378
Citizens Bank 1 3.00% $2,674
COMPASS MORTGAGE, INC. 1 3.25% $6,416
Carrington Mortgage Services, LLC 1 3.13% $3,073
MORIA DEVELOPMENT, INC. 1 4.38% $3,661
InterContinental Capital Group, Inc 1 3.25% $2,178
United Bank of Michigan 1 3.88% $3,605
EQUITY RESOURCES, INC. 1 3.25% $2,765
AMERICAN FINANCIAL RESOURCES, INC. 1 3.50% $3,296
UNIVERSITY OF MICHIGAN CREDIT UNION 1 3.38% $2,536
NATIONS DIRECT MORTGAGE, LLC 1 3.25% $2,539
Honor Credit Union 1 3.63% $2,423
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.63% $4,454
Paramount Residential Mortgage Group, Inc. 1 3.13% $3,196
Evolve Bank & Trust 1 3.25% $5,217
PHH Mortgage Corporation 1 4.00% $5,280
VAN DYK MORTGAGE CORPORATION 1 2.88% $3,016
WESTERN EXPRESS LENDING 1 3.13% $4,206
First State Bank 1 3.50% $2,617
Barrington Bank & Trust Company, N.A. 1 2.88% $2,830
GUILD MORTGAGE COMPANY 1 3.25% $2,722
RBC Bank, (Georgia) 1 3.13% $1,368
ROSS MORTGAGE CORPORATION 1 2.88% $2,831
GUARANTEED RATE AFFINITY, LLC 1 2.75% $3,204
RUOFF MORTGAGE COMPANY, INC. 1 2.88% $2,573
Servion, Inc. 1 3.13% $2,324
SOFI LENDING CORP. 1 3.00% $2,482
SOUTHWEST FUNDING, LP 1 3.50% $8,339
GREAT LAKES 1 2.88% $3,148
A&D Mortgage LLC 1 5.25% $11,557
SUCCESS MORTGAGE PARTNERS, INC. 1 3.38% $5,419
Sunflower Bank 1 3.25% $3,142
SUNRISE FAMILY CREDIT UNION 1 3.13% $2,369
SUN WEST MORTGAGE COMPANY, INC. 1 3.13% $1,415
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.99% $1,494
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 4.38% $6,492
First National Bank of America 1 7.50% $5,106
The Federal Savings Bank 1 3.88% $1,448
GENISYS 1 3.13% $2,195
Lake Huron Credit Union 1 3.13% $3,325
Discover Bank 1 3.99% $0
LAKEVIEW LOAN SERVICING, LLC 1 3.88% $3,185
LEADERONE FINANCIAL CORPORATION 1 2.88% $3,957
ChoiceOne Bank 1 3.88% $4,010
Manufacturers and Traders Trust Company 1 3.25% $4,441
mBank 1 3.50% $2,684
CHERRY CREEK MORTGAGE, LLC 1 3.38% $773
Charles Schwab Bank, SSB 1 1.38% $4,795
Meridian Bank Corporation 1 3.25% $2,789
Michigan Educational Credit Union 1 3.38% $2,693
Dort Financial Credit Union 1 2.88% $3,257

MIDLAND, MI's 128 lenders originated 3,667 loans during 2021. The total origination value was $618,225,000, with an average loan value of $168,591.

The top MIDLAND lender as defined by loan originations is DOW CHEMICAL EMPLOYEES', with 271 loans originated. Their average total fees are $2,661, which is $1,728 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee MIDLAND lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($1,726), MEMBERS FIRST Credit Union ($1,749), JPMorgan Chase Bank ($1,807), Frankenmuth Credit Union ($2,052) and Wanigas Credit Union ($2,168).

The lowest rate MIDLAND lenders (with over 10 loans originated) are Isabella Bank (2.89%), Mr. Cooper ( Nationstar Mortgage ) (2.98%), JPMorgan Chase Bank (3.00%), UNITED WHOLESALE MORTGAGE, LLC (3.00%) and TCF National Bank (3.02%).

MIDLAND, MI 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
DOW CHEMICAL EMPLOYEES' $94,590,000 $89,725,000 -5.1% 14.5%
QUICKEN LOANS, LLC $56,240,000 $70,920,000 26.1% 11.5%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $35,245,000 $38,195,000 8.4% 6.2%
UNITED WHOLESALE MORTGAGE, LLC $8,620,000 $30,540,000 254.3% 4.9%
Isabella Bank $19,990,000 $25,830,000 29.2% 4.2%
ACADEMY MORTGAGE CORPORATION $28,170,000 $24,355,000 -13.5% 3.9%
MEMBERS FIRST Credit Union $22,735,000 $23,695,000 4.2% 3.8%
The Huntington National Bank $13,925,000 $19,335,000 38.9% 3.1%
Frankenmuth Credit Union $19,870,000 $17,230,000 -13.3% 2.8%
Mercantile Bank of Michigan $21,690,000 $16,865,000 -22.2% 2.7%
FREEDOM MORTGAGE CORPORATION $10,350,000 $14,720,000 42.2% 2.4%
1st State Financial, Ltd. $16,445,000 $14,195,000 -13.7% 2.3%
Wildfire Credit Union $11,050,000 $10,480,000 -5.2% 1.7%
Wells Fargo Bank $3,435,000 $10,155,000 195.6% 1.6%
JPMorgan Chase Bank $5,360,000 $9,935,000 85.4% 1.6%
Independent Bank $365,000 $9,185,000 2,416.4% 1.5%
LAKE MICHIGAN CREDIT UNION $8,470,000 $8,955,000 5.7% 1.4%
TCF National Bank $20,540,000 $8,540,000 -58.4% 1.4%
Horizon Bank $17,265,000 $7,625,000 -55.8% 1.2%
Fifth Third Bank $3,100,000 $7,000,000 125.8% 1.1%
Mortgage Research Center, LLC $7,385,000 $6,900,000 -6.6% 1.1%
Mr. Cooper ( Nationstar Mortgage ) $4,295,000 $5,610,000 30.6% 0.9%
MID AMERICA MORTGAGE, INC. $3,005,000 $4,775,000 58.9% 0.8%
UNION HOME MORTGAGE CORP. $3,950,000 $4,045,000 2.4% 0.7%
ENVOY MORTGAGE, LTD $2,560,000 $3,845,000 50.2% 0.6%
PNC Bank $3,420,000 $3,635,000 6.3% 0.6%
Flagstar Bank, FSB $1,295,000 $3,520,000 171.8% 0.6%
GENEVA FINANCIAL, LLC $3,420,000 n/a 0.6%
LOANDEPOT.COM, LLC $2,725,000 $3,365,000 23.5% 0.5%
GreenStone Farm Credit Services, FLCA $5,135,000 $3,335,000 -35.1% 0.5%
JOLT CREDIT UNION $1,860,000 $3,335,000 79.3% 0.5%
BETTER MORTGAGE CORPORATION $845,000 $3,080,000 264.5% 0.5%
MORTGAGE 1 INCORPORATED $1,625,000 $3,020,000 85.8% 0.5%
WALKER & DUNLOP, LLC $2,895,000 n/a 0.5%
NEWREZ LLC $1,395,000 $2,880,000 106.5% 0.5%
The Dart Bank $1,785,000 $2,810,000 57.4% 0.5%
CALIBER HOME LOANS, INC. $1,910,000 $2,750,000 44.0% 0.4%
PENNYMAC LOAN SERVICES, LLC $1,065,000 $2,620,000 146.0% 0.4%
USAA Federal Savings Bank $2,795,000 $2,540,000 -9.1% 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $7,235,000 $2,470,000 -65.9% 0.4%
J. VIRGIL, INC. $1,120,000 $2,420,000 116.1% 0.4%
AMERIFIRST FINANCIAL CORPORATION $2,880,000 $2,165,000 -24.8% 0.4%
Wanigas Credit Union $3,095,000 $2,155,000 -30.4% 0.3%
GUARANTEED RATE, INC. $2,015,000 n/a 0.3%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $555,000 $1,910,000 244.1% 0.3%
AMERISAVE MORTGAGE CORPORATION $3,450,000 $1,885,000 -45.4% 0.3%
BROKER SOLUTIONS, INC. $1,100,000 $1,750,000 59.1% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $1,455,000 $1,670,000 14.8% 0.3%
Bank of America $1,720,000 $1,600,000 -7.0% 0.3%
NEW DAY FINANCIAL, LLC $1,260,000 $1,590,000 26.2% 0.3%
LAKEVIEW LOAN SERVICING, LLC $1,395,000 $1,480,000 6.1% 0.2%
HOME POINT FINANCIAL CORPORATION $215,000 $1,435,000 567.4% 0.2%
FINANCE OF AMERICA MORTGAGE LLC $1,085,000 $1,410,000 30.0% 0.2%
Northpointe Bank $640,000 $1,395,000 118.0% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,370,000 n/a 0.2%
HEALTH ADVANTAGE FEDERAL CREDIT UNION $1,645,000 $1,365,000 -17.0% 0.2%
21ST MORTGAGE CORPORATION $510,000 $1,330,000 160.8% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,580,000 $1,330,000 -15.8% 0.2%
TEAM ONE CREDIT UNION $1,530,000 $1,305,000 -14.7% 0.2%
NAVY FEDERAL CREDIT UNION $2,815,000 $1,275,000 -54.7% 0.2%
UNITED FINANCIAL Credit Union $925,000 $1,255,000 35.7% 0.2%
Wyndham Capital Mortgage, Inc. $315,000 $1,250,000 296.8% 0.2%
Carrington Mortgage Services, LLC $820,000 $1,235,000 50.6% 0.2%
BM Real Estate Services, Inc. $95,000 $1,215,000 1,178.9% 0.2%
U.S. Bank $670,000 $1,200,000 79.1% 0.2%
MICHIGAN MUTUAL, INC. $1,240,000 $1,195,000 -3.6% 0.2%
American Mortgage & Equity Consultants, Inc. $1,185,000 n/a 0.2%
Low VA Rates, LLC $210,000 $1,145,000 445.2% 0.2%
The Federal Savings Bank $420,000 $1,115,000 165.5% 0.2%
Comerica Bank $785,000 $1,110,000 41.4% 0.2%
PHH Mortgage Corporation $205,000 $1,105,000 439.0% 0.2%
The State Bank $730,000 $1,105,000 51.4% 0.2%
MICHIGAN SCHOOLS AND GOVERNMENT $350,000 $1,085,000 210.0% 0.2%
AMERICAN INTERNET MORTGAGE, INC. $255,000 $1,080,000 323.5% 0.2%
AMERICAN FINANCING CORPORATION $505,000 $975,000 93.1% 0.2%
SUN WEST MORTGAGE COMPANY, INC. $245,000 $920,000 275.5% 0.1%
FIRST COMMUNITY MORTGAGE, INC. $435,000 $890,000 104.6% 0.1%
KeyBank $860,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $475,000 $850,000 78.9% 0.1%
CREDIT UNION ONE $5,305,000 $840,000 -84.2% 0.1%
PREMIA MORTGAGE, LLC $775,000 n/a 0.1%
Charles Schwab Bank, SSB $765,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $195,000 $760,000 289.7% 0.1%
SOFI LENDING CORP. $730,000 $735,000 0.7% 0.1%
COMPASS MORTGAGE, INC. $205,000 $730,000 256.1% 0.1%
LEADERONE FINANCIAL CORPORATION $1,170,000 $730,000 -37.6% 0.1%
PENTAGON FEDERAL CREDIT UNION $1,075,000 $725,000 -32.6% 0.1%
Ally Bank $690,000 n/a 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $685,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $300,000 $630,000 110.0% 0.1%
United Bay Community Credit Union $1,710,000 $620,000 -63.7% 0.1%
GENISYS $290,000 $615,000 112.1% 0.1%
MORTGAGE CENTER L.C $580,000 $610,000 5.2% 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $280,000 $605,000 116.1% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $370,000 $585,000 58.1% 0.1%
SOUTHWEST FUNDING, LP $655,000 $580,000 -11.5% 0.1%
Colonial Savings, F.A. $135,000 $565,000 318.5% 0.1%
CHURCHILL MORTGAGE CORPORATION $335,000 $540,000 61.2% 0.1%
CLEARPATH LENDING $540,000 n/a 0.1%
FirstBank $535,000 n/a 0.1%
Neighborhood Loans, Inc. $635,000 $530,000 -16.5% 0.1%
FINANCIAL PLUS CREDIT UNION $340,000 $515,000 51.5% 0.1%
Lakeview Community Capital, LLC $360,000 $510,000 41.7% 0.1%
Capital Bank $495,000 n/a 0.1%
Bank of England $850,000 $475,000 -44.1% 0.1%
VILLAGE CAPITAL & INVESTMENT LLC $870,000 $475,000 -45.4% 0.1%
STAUNTON FINANCIAL, INC. $135,000 $465,000 244.4% 0.1%
COPOCO Community Credit Union $195,000 $450,000 130.8% 0.1%
FinancialEdge Community Credit Union $300,000 $435,000 45.0% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $890,000 $425,000 -52.2% 0.1%
Chicago Mortgage Solutions LLC $165,000 $420,000 154.5% 0.1%
First State Bank $420,000 n/a 0.1%
Cf Bank $415,000 n/a 0.1%
BLG HOLDINGS, INC. $360,000 $405,000 12.5% 0.1%
Platinum Home Mortgage Corporation $400,000 n/a 0.1%
Thumb Bank and Trust $505,000 $395,000 -21.8% 0.1%
ROSS MORTGAGE CORPORATION $425,000 $365,000 -14.1% 0.1%
SOVEREIGN LENDING GROUP INCORPORATED $350,000 n/a 0.1%
UIF CORPORATION $350,000 n/a 0.1%
First Internet Bank of Indiana $345,000 $345,000 0.0% 0.1%
GUILD MORTGAGE COMPANY $345,000 n/a 0.1%
WESTERN EXPRESS LENDING $345,000 n/a 0.1%
Stifel Bank and Trust $340,000 n/a 0.1%
Sierra Pacific Mortgage Company, Inc. $325,000 n/a 0.1%
ChoiceOne Bank $415,000 $300,000 -27.7% 0.0%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $445,000 $300,000 -32.6% 0.0%
Level One Bank $380,000 $295,000 -22.4% 0.0%
Sunflower Bank $250,000 $295,000 18.0% 0.0%
SIGNATURE MORTGAGE CORPORATION $305,000 $290,000 -4.9% 0.0%
A&D Mortgage LLC $285,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $280,000 n/a 0.0%
AMERICAN MORTGAGE SERVICE COMPANY $265,000 n/a 0.0%
NP, Inc. $265,000 n/a 0.0%
Lake Huron Credit Union $160,000 $260,000 62.5% 0.0%
SECURITY CREDIT UNION $35,000 $255,000 628.6% 0.0%
ADVISORS CAPITAL, INC. $135,000 $250,000 85.2% 0.0%
GUARANTEED RATE AFFINITY, LLC $245,000 n/a 0.0%
MORIA DEVELOPMENT, INC. $245,000 n/a 0.0%
CIVIC FINANCIAL SERVICES, LLC $240,000 n/a 0.0%
First Guaranty Mortgage Corporation $900,000 $240,000 -73.3% 0.0%
Manufacturers and Traders Trust Company $290,000 $240,000 -17.2% 0.0%
Plains Commerce Bank $235,000 $215,000 -8.5% 0.0%
Barrington Bank & Trust Company, N.A. $1,655,000 $210,000 -87.3% 0.0%
CHERRY CREEK MORTGAGE, LLC $290,000 $205,000 -29.3% 0.0%
EQUITY RESOURCES, INC. $205,000 n/a 0.0%
Discover Bank $185,000 $200,000 8.1% 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $195,000 n/a 0.0%
GREAT LAKES $195,000 n/a 0.0%
RUOFF MORTGAGE COMPANY, INC. $725,000 $190,000 -73.8% 0.0%
Dort Financial Credit Union $270,000 $185,000 -31.5% 0.0%
INLANTA MORTGAGE, INC. $185,000 $185,000 0.0% 0.0%
Mid-Continent Funding, Inc. $185,000 n/a 0.0%
AMERICAN FINANCIAL NETWORK, INC. $75,000 $175,000 133.3% 0.0%
EMBRACE HOME LOANS, INC. $175,000 n/a 0.0%
Evolve Bank & Trust $175,000 n/a 0.0%
Florida Capital Bank $215,000 $175,000 -18.6% 0.0%
mBank $175,000 $175,000 0.0% 0.0%
Paramount Residential Mortgage Group, Inc. $340,000 $175,000 -48.5% 0.0%
UNITED SECURITY FINANCIAL CORP $175,000 n/a 0.0%
UNIVERSITY OF MICHIGAN CREDIT UNION $175,000 n/a 0.0%
CONSUMERS $240,000 $170,000 -29.2% 0.0%
Citizens Bank $945,000 $165,000 -82.5% 0.0%
Meridian Bank Corporation $165,000 n/a 0.0%
Michigan Educational Credit Union $165,000 n/a 0.0%
OCEANSIDE MORTGAGE COMPANY $165,000 $165,000 0.0% 0.0%
Paramount Bank $165,000 n/a 0.0%
GUIDANCE RESIDENTIAL, LLC $215,000 $155,000 -27.9% 0.0%
Hometown Lenders, Inc. $155,000 n/a 0.0%
United Bank of Michigan $155,000 n/a 0.0%
MMS MORTGAGE SERVICES, LTD. $145,000 n/a 0.0%
PLANET HOME LENDING, LLC $260,000 $145,000 -44.2% 0.0%
SPRING EQ, LLC $145,000 n/a 0.0%
BNC National Bank $135,000 n/a 0.0%
Citibank $135,000 n/a 0.0%
Honor Credit Union $135,000 n/a 0.0%
InterContinental Capital Group, Inc $135,000 n/a 0.0%
MICHIGAN FIRST CREDIT UNION $195,000 $125,000 -35.9% 0.0%
Preston Home Loans Inc $125,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $110,000 $125,000 13.6% 0.0%
ELGA CREDIT UNION $35,000 $120,000 242.9% 0.0%
Lake Trust Credit Union $115,000 n/a 0.0%
NATIONS DIRECT MORTGAGE, LLC $195,000 $115,000 -41.0% 0.0%
NFM, INC. $135,000 $115,000 -14.8% 0.0%
Citadel Servicing Corporation $105,000 n/a 0.0%
FINANCE OF AMERICA COMMERCIAL LLC $445,000 $105,000 -76.4% 0.0%
First National Bank of America $55,000 $105,000 90.9% 0.0%
RBC Bank, (Georgia) $105,000 n/a 0.0%
First Federal Bank $235,000 $95,000 -59.6% 0.0%
Prosperity Home Mortgage, LLC $205,000 $95,000 -53.7% 0.0%
Servion, Inc. $225,000 $95,000 -57.8% 0.0%
SUNRISE FAMILY CREDIT UNION $350,000 $95,000 -72.9% 0.0%
VAN DYK MORTGAGE CORPORATION $95,000 n/a 0.0%
VIBE CREDIT UNION $65,000 $75,000 15.4% 0.0%
QUORUM FEDERAL CREDIT UNION $45,000 n/a 0.0%

MIDLAND's top lender by overall market share is DOW CHEMICAL EMPLOYEES', with 14.5% market share. In second place, with 11.5%, is QUICKEN LOANS, LLC, having originated $70,920,000 in loans. In third place, with 6.2%, is CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP, having originated $38,195,000 in loans. In third place, with 4.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $30,540,000 in loans. In third place, with 4.2%, is Isabella Bank, having originated $25,830,000 in loans.


MIDLAND, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,481 $285,245,000 $192,603
Refi 1,302 $213,670,000 $164,109
Cash Out Refi 763 $108,675,000 $142,431
Home Improvement 76 $6,000,000 $78,947
Other 45 $4,635,000 $103,000

Midland's most frequently cited loan purpose was Home Purchase, with 1,481 originations. The 2nd most popular reason was Refi, with 1,302 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 1,475 $255,205,000 $173,020
2.5-3% 1,217 $212,135,000 $174,310
<2.5% 644 $110,620,000 $171,770
4-5% 163 $23,645,000 $145,061
5-6% 26 $2,050,000 $78,846
7-8% 19 $1,045,000 $55,000
6-7% 15 $1,115,000 $74,333
Over 8% 14 $840,000 $60,000

During 2021, Midland's most frequently originated rate bucket was 3-4%, with 1,475 originations.

Loan Sizing (MIDLAND, MI MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 1,762 $253,730,000 $144,001
$100,000 or less 906 $61,900,000 $68,322
$200k-400k 869 $228,245,000 $262,652
$400k-600k 103 $49,235,000 $478,010
$600k-1000k 21 $14,415,000 $686,429
$Over $1MM 6 $10,700,000 $1,783,333

MIDLAND's loan sizing saw the bucket of loans from $100k-200k with 1,762 originations, totaling $253,730,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,389 $269,995,000 $194,381
60-80% 1,281 $230,475,000 $179,918
40-60% 452 $60,390,000 $133,606
20-40% 189 $15,785,000 $83,519
Under 20% 123 $6,665,000 $54,187
Over 100% 18 $5,180,000 $287,778

MIDLAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,389 originations, totaling $269,995,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - MIDLAND (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 $171,500 (21.7%) $243,271 (15.3%) 0.00 277
2018-02-01 $179,450 (20.1%) $256,559 (9.4%) 0.00 253
2018-03-01 $179,000 (15.6%) $243,659 (2.9%) 0.00 302
2018-04-01 $180,000 (0.1%) $243,141 (-0.6%) 0.00 285
2018-05-01 $185,500 (-0.2%) $243,261 (-1.5%) 0.00 300
2018-06-01 $180,000 (0.3%) $238,426 (-1.3%) 0.00 352
2018-07-01 $179,900 (4.1%) $237,433 (-0.6%) 0.00 370
2018-08-01 $187,450 (9.5%) $236,231 (0.2%) 0.00 365
2018-09-01 $184,000 (8.2%) $234,443 (-1.8%) 0.00 402
2018-10-01 $184,450 (8.7%) $236,107 (0.0%) 0.00 393
2018-11-01 $167,750 (-5.5%) $224,346 (-7.0%) 0.00 374
2018-12-01 $169,900 (-2.3%) $226,226 (-6.3%) 0.00 313
2019-01-01 $172,400 (0.5%) $224,145 (-7.9%) 0.00 274
2019-02-01 $179,950 (0.3%) $234,198 (-8.7%) 0.00 267
2019-03-01 $183,857 (2.7%) $235,867 (-3.2%) 0.00 267
2019-04-01 $194,000 (7.8%) $239,763 (-1.4%) 0.00 271
2019-05-01 $217,450 (17.2%) $253,443 (4.2%) 0.00 287
2019-06-01 $205,000 (13.9%) $250,701 (5.2%) 0.00 316
2019-07-01 $224,400 (24.7%) $258,690 (9.0%) 0.00 333
2019-08-01 $209,900 (12.0%) $250,209 (5.9%) 0.00 350
2019-09-01 $190,950 (3.8%) $235,757 (0.6%) 0.00 380
2019-10-01 $187,400 (1.6%) $225,140 (-4.7%) 0.00 392
2019-11-01 $187,900 (12.0%) $227,544 (1.4%) 0.00 374
2019-12-01 $184,700 (8.7%) $229,468 (1.4%) 0.00 338
2020-01-01 $179,450 (4.1%) $226,331 (1.0%) 0.00 285
2020-02-01 $205,000 (13.9%) $251,848 (7.5%) 0.00 257
2020-03-01 $224,750 (22.2%) $270,759 (14.8%) 0.00 238
2020-04-01 $234,450 (20.9%) $278,710 (16.2%) 0.00 211
2020-05-01 $234,997 (8.1%) $289,883 (14.4%) 0.00 214
2020-06-01 $239,450 (16.8%) $296,908 (18.4%) 0.00 194
2020-07-01 $249,350 (11.1%) $283,081 (9.4%) 0.00 180
2020-08-01 $230,000 (9.6%) $282,871 (13.1%) 0.00 170
2020-09-01 $217,400 (13.9%) $272,712 (15.7%) 0.00 173
2020-10-01 $184,900 (-1.3%) $239,409 (6.3%) 0.00 189
2020-11-01 $192,450 (2.4%) $260,113 (14.3%) 0.00 172
2020-12-01 $199,950 (8.3%) $259,831 (13.2%) 0.00 163
2021-01-01 $199,900 (11.4%) $278,265 (23.0%) 0.00 112
2021-02-01 $199,400 (-2.7%) $285,556 (13.4%) 0.00 93
2021-03-01 $240,000 (6.8%) $332,795 (22.9%) 0.00 97
2021-04-01 $272,300 (16.1%) $330,933 (18.7%) 0.00 101
2021-05-01 $238,000 (1.3%) $330,497 (14.0%) 0.00 133
2021-06-01 $276,950 (15.7%) $352,654 (18.8%) 0.00 127
2021-07-01 $255,500 (2.5%) $335,564 (18.5%) 0.00 148
2021-08-01 $234,950 (2.2%) $305,572 (8.0%) 0.00 139
2021-09-01 $229,900 (5.8%) $291,485 (6.9%) 0.00 134
2021-10-01 $225,000 (21.7%) $270,890 (13.2%) 0.00 141
2021-11-01 $199,999 (3.9%) $265,389 (2.0%) 0.00 128
2021-12-01 $222,450 (11.3%) $283,091 (9.0%) 0.00 89
2022-01-01 $239,900 (20.0%) $306,121 (10.0%) 0.00 68
2022-02-01 $264,450 (32.6%) $352,496 (23.4%) 0.00 62
2022-03-01 $249,900 (4.1%) $338,073 (1.6%) 0.00 64
2022-04-01 $250,000 (-8.2%) $334,910 (1.2%) 0.00 75
MIDLAND's median listing price for 2022-04-01 was $250,000, a difference of $-22,300 (-8.2%) versus the prior year and $100 versus the prior month.

MIDLAND's median listing price comes in at 0% of the national average.

MIDLAND's average listing price for 2022-04-01 was $334,910, a difference of $3,977 (1.2%) versus the prior year and $-3,163 versus the prior month.

For the 2022-04-01 period, MIDLAND had 75 MLS listings, a difference of 11 listings (17%) versus the prior month and -26 listings (-26%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - MIDLAND (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,802 sqft
2018-02-01 0 days 1,837 sqft
2018-03-01 0 days 1,591 sqft
2018-04-01 0 days 1,404 sqft
2018-05-01 0 days 1,427 sqft
2018-06-01 0 days 1,450 sqft
2018-07-01 0 days 1,488 sqft
2018-08-01 0 days 1,523 sqft
2018-09-01 0 days 1,817 sqft
2018-10-01 0 days 1,991 sqft
2018-11-01 0 days 1,950 sqft
2018-12-01 0 days 1,900 sqft
2019-01-01 0 days 1,818 sqft
2019-02-01 0 days 1,847 sqft
2019-03-01 0 days 1,766 sqft
2019-04-01 0 days 1,738 sqft
2019-05-01 0 days 1,855 sqft
2019-06-01 0 days 1,808 sqft
2019-07-01 0 days 1,850 sqft
2019-08-01 0 days 1,829 sqft
2019-09-01 0 days 1,804 sqft
2019-10-01 0 days 1,750 sqft
2019-11-01 0 days 1,755 sqft
2019-12-01 0 days 1,749 sqft
2020-01-01 0 days 1,768 sqft
2020-02-01 0 days 1,808 sqft
2020-03-01 0 days 1,824 sqft
2020-04-01 0 days 1,826 sqft
2020-05-01 0 days 1,829 sqft
2020-06-01 0 days 1,808 sqft
2020-07-01 0 days 1,851 sqft
2020-08-01 0 days 1,936 sqft
2020-09-01 0 days 1,746 sqft
2020-10-01 0 days 1,636 sqft
2020-11-01 0 days 1,652 sqft
2020-12-01 0 days 1,733 sqft
2021-01-01 0 days 1,778 sqft
2021-02-01 0 days 1,612 sqft
2021-03-01 0 days 1,680 sqft
2021-04-01 0 days 1,755 sqft
2021-05-01 0 days 1,700 sqft
2021-06-01 0 days 1,958 sqft
2021-07-01 0 days 1,804 sqft
2021-08-01 0 days 1,800 sqft
2021-09-01 0 days 1,770 sqft
2021-10-01 0 days 1,695 sqft
2021-11-01 0 days 1,517 sqft
2021-12-01 0 days 1,640 sqft
2022-01-01 0 days 1,592 sqft
2022-02-01 0 days 1,668 sqft
2022-03-01 0 days 1,555 sqft
2022-04-01 0 days 1,636 sqft
MIDLAND's median listing age (time on market) for 2022-04-01 was 0 days.

MIDLAND's median square footage for active listings during the 2022-04-01 period was 1,636 sqft. One year prior, the average listing was 1,755 sqft.