MIDLAND Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Midland averaged 6.83% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 6.96% and one month ago for the week of 2023-02-09, the average rate was 6.35%.

    Midland's average rate one year ago was 3.98%.

    For refis of the same type during the week of 2023-03-16, the average rate was 7.36%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Midland 30 Year Fixed Rate 2023-03-16 6.83%
    Midland 30 Year Fixed Rate Refi 2023-03-16 7.36%
    Midland 15 Year Fixed Rate 2023-03-16 6.55%
    Midland 15 Year Fixed Rate Refi 2023-03-16 6.2%
    Midland 30 Year FHA 2023-03-16 6.63%
    Midland 30 Year FHA Refi 2023-03-16 6.18%
    Midland 30 Year USDA 2023-03-16 6.85%
    Midland 30 Year USDA Refi 2023-03-16 2.32%
    Midland 30 Year VA 2023-03-16 6.17%
    Midland 30 Year VA Refi 2023-03-16 6.08%
    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 lender, 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    DOW CHEMICAL EMPLOYEES' 191 5.04% $2,874
    QUICKEN LOANS, LLC 92 5.08% $5,879
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 73 5.53% $4,375
    ACADEMY MORTGAGE CORPORATION 58 5.49% $4,629
    UNITED WHOLESALE MORTGAGE, LLC 41 5.14% $4,087
    The Huntington National Bank 40 4.95% $3,343
    Mercantile Bank of Michigan 34 4.58% $4,116
    MEMBERS FIRST Credit Union 33 5.17% $2,294
    Wildfire Credit Union 32 4.60% $2,206
    Frankenmuth Credit Union 26 5.25% $1,822
    Isabella Bank 26 4.66% $2,892
    STAUNTON FINANCIAL, INC. 21 5.86% $4,209
    1st State Financial, Ltd. 21 4.32% $2,672
    Independent Bank 19 5.29% $2,964
    Wells Fargo Bank 14 5.42% $3,034
    Fifth Third Bank 13 4.49% $3,356
    LAKE MICHIGAN CREDIT UNION 12 4.82% $2,944
    JPMorgan Chase Bank 10 4.74% $2,734
    Horizon Bank 10 5.56% $2,809
    PRIMELENDING, A PLAINSCAPITAL COMPANY 10 4.85% $3,687
    GENEVA FINANCIAL, LLC 9 5.35% $5,176
    FREEDOM MORTGAGE CORPORATION 7 5.32% $3,986
    PNC Bank 7 4.75% $3,745
    ENVOY MORTGAGE, LTD 7 5.09% $4,156
    J. VIRGIL, INC. 6 5.48% $6,430
    NAVY FEDERAL CREDIT UNION 6 5.81% $4,452
    UNION HOME MORTGAGE CORP. 6 6.04% $3,641
    AMERISAVE MORTGAGE CORPORATION 6 4.39% $6,297
    AMERIFIRST FINANCIAL CORPORATION 6 5.29% $3,274
    LOANDEPOT.COM, LLC 5 5.40% $5,016
    The State Bank 5 4.93% $3,315
    Flagstar Bank, FSB 4 4.84% $4,039
    CALIBER HOME LOANS, INC. 4 5.53% $4,796
    CROSSCOUNTRY MORTGAGE, LLC 4 4.78% $4,515
    Mr. Cooper ( Nationstar Mortgage ) 4 5.31% $5,560
    MID AMERICA MORTGAGE, INC. 4 4.97% $3,742
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 4 4.53% $4,597
    HEALTH ADVANTAGE FEDERAL CREDIT UNION 4 6.06% $2,395
    MICHIGAN MUTUAL, INC. 4 5.53% $5,252
    HOME POINT FINANCIAL CORPORATION 4 4.43% $4,225
    Wanigas Credit Union 3 5.21% $2,058
    The Dart Bank 3 4.88% $3,519
    BROKER SOLUTIONS, INC. 3 6.83% $4,094
    Ally Bank 3 4.75% $4,833
    Bank of America 3 5.00% $3,101
    BAYSHORE MORTGAGE FUNDING, LLC 3 5.63% $5,533
    GUARANTEED RATE, INC. 3 5.98% $3,689
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.04% $4,454
    EVERETT FINANCIAL, INC. 3 4.88% $1,995
    PENNYMAC LOAN SERVICES, LLC 3 4.92% $7,656
    PHH Mortgage Corporation 3 4.38% $6,769
    GVC MORTGAGE, INC. 3 6.35% $6,248
    JOLT CREDIT UNION 3 5.25% $2,658
    GreenStone Farm Credit Services, FLCA 2 7.50% $1,213
    Austin Capital Bank SSB 2 6.06% $3,233
    BLG HOLDINGS, INC. 2 5.25% $3,722
    Carrington Mortgage Services, LLC 2 5.19% $4,932
    Citizens Bank 2 4.63% $2,645
    Commercial Bank 2 5.44% $2,629
    FINANCE OF AMERICA MORTGAGE LLC 2 4.88% $3,768
    FINANCIAL PLUS CREDIT UNION 2 5.88% $2,328
    LAKEVIEW LOAN SERVICING, LLC 2 4.81% $4,080
    MEMBER FIRST MORTGAGE, LLC 2 4.75% $2,820
    MORTGAGE 1 INCORPORATED 2 5.75% $4,837
    MORTGAGE CENTER L.C 2 4.06% $2,693
    MUTUAL OF OMAHA MORTGAGE, INC. 2 5.62% $6,970
    NBKC BANK 2 5.50% $2,974
    Neighborhood Loans, Inc. 2 5.56% $5,751
    Northpointe Bank 2 4.25% $4,106
    Preston Home Loans Inc 2 5.13% $4,397
    ROSS MORTGAGE CORPORATION 2 6.00% $5,440
    ROYAL UNITED MORTGAGE LLC 2 4.88% $6,396
    RUOFF MORTGAGE COMPANY, INC. 2 5.63% $108
    TEAM ONE CREDIT UNION 2 4.88% $0
    TOP FLITE FINANCIAL, INC. 2 4.31% $9,737
    VIBE CREDIT UNION 2 3.69% $6,903
    NATIONWIDE MORTGAGE BANKERS, INC. 1 5.63% $3,767
    First Horizon Bank 1 5.75% $5,412
    UNITED FINANCIAL Credit Union 1 4.63% $3,626
    Amerifirst Financial, Inc. 1 6.88% $800
    NEWREZ LLC 1 3.88% $3,334
    Nicolet National Bank 1 5.38% $6,469
    North American Savings Bank, F.S.B. 1 4.88% $3,630
    U.S. Bank 1 6.50% $2,458
    NORTHROP GRUMMAN Federal Credit Union 1 4.75% $4,117
    First Federal Bank 1 4.50% $5,261
    DFCU FINANCIAL 1 5.88% $9,897
    CHURCHILL MORTGAGE CORPORATION 1 6.75% $4,491
    AMERICAN FINANCING CORPORATION 1 5.63% $4,839
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.38% $3,574
    ChoiceOne Bank 1 3.63% $2,763
    Chicago Mortgage Solutions LLC 1 4.62% $6,043
    RELIANCE FIRST CAPITAL, LLC 1 3.63% $6,082
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $11,540
    Watermark Capital, Inc. 1 4.25% $3,239
    Waterstone Mortgage Corporation 1 5.75% $2,515
    SOFI LENDING CORP. 1 3.38% $6,158
    Centier Bank 1 5.63% $1,244
    STOCKTON MORTGAGE CORPORATION 1 5.38% $4,456
    SUCCESS MORTGAGE PARTNERS, INC. 1 5.99% $7,796
    American Mortgage & Equity Consultants, Inc. 1 5.75% $5,660
    CANOPY MORTGAGE, LLC 1 2.88% $2,209
    BETTER MORTGAGE CORPORATION 1 2.75% $2,340
    Bank of England 1 7.00% $3,043
    Luxury Mortgage Corp. 1 3.13% $2,360
    Three Rivers Federal Credit Union 1 6.13% $3,234
    LEGEND LENDING CORPORATION 1 5.88% $3,904
    INLANTA MORTGAGE, INC. 1 7.13% $7,269
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 4.38% $3,092
    MICHIGAN SCHOOLS AND GOVERNMENT 1 5.63% $2,220
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.75% $3,684
    First State Bank 1 5.99% $2,996
    Morgan Stanley Private Bank 1 2.30% $3,818
    West Michigan Credit Union 1 5.00% $3,060
    TOWNE MORTGAGE COMPANY 1 6.13% $2,917
    Mortgage Research Center, LLC 1 4.25% $4,992
    First Merchants Bank 1 6.88% $7,143
    Arvest Bank 1 4.88% $4,444

    MIDLAND Average Closing Costs & Other Stats

    MIDLAND, MI's 118 lenders originated 2,337 loans during 2022. The total origination value was $413,365,000, with an average loan value of $176,878.

    MIDLAND's average closing costs are $3,638.

    The top MIDLAND lender as defined by loan originations is DOW CHEMICAL EMPLOYEES', with 191 loans originated. Their average total fees are $2,874, which is $3,005 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee MIDLAND lenders (with over 10 loans originated) are Frankenmuth Credit Union ($1,822), Wildfire Credit Union ($2,206), MEMBERS FIRST Credit Union ($2,294), 1st State Financial, Ltd. ($2,672) and JPMorgan Chase Bank ($2,734).

    The lowest rate MIDLAND lenders (with over 10 loans originated) are 1st State Financial, Ltd. (4.32%), Fifth Third Bank (4.49%), Mercantile Bank of Michigan (4.58%), Wildfire Credit Union (4.60%) and Isabella Bank (4.66%).

    MIDLAND, MI 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    DOW CHEMICAL EMPLOYEES' $89,725,000 $53,675,000 -40.2% 13.0%
    QUICKEN LOANS, LLC $70,920,000 $32,250,000 -54.5% 7.8%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $38,195,000 $23,790,000 -37.7% 5.8%
    The Huntington National Bank $19,335,000 $23,520,000 21.6% 5.7%
    Isabella Bank $25,830,000 $22,815,000 -11.7% 5.5%
    ACADEMY MORTGAGE CORPORATION $24,355,000 $18,500,000 -24.0% 4.5%
    Mercantile Bank of Michigan $16,865,000 $16,650,000 -1.3% 4.0%
    Frankenmuth Credit Union $17,230,000 $16,535,000 -4.0% 4.0%
    Wildfire Credit Union $10,480,000 $15,450,000 47.4% 3.7%
    UNITED WHOLESALE MORTGAGE, LLC $30,540,000 $14,380,000 -52.9% 3.5%
    Horizon Bank $7,625,000 $13,100,000 71.8% 3.2%
    MEMBERS FIRST Credit Union $23,695,000 $9,740,000 -58.9% 2.4%
    Mortgage Research Center, LLC $6,900,000 $7,505,000 8.8% 1.8%
    Independent Bank $9,185,000 $7,425,000 -19.2% 1.8%
    1st State Financial, Ltd. $14,195,000 $7,305,000 -48.5% 1.8%
    STAUNTON FINANCIAL, INC. $465,000 $6,665,000 1,333.3% 1.6%
    The Dart Bank $2,810,000 $6,045,000 115.1% 1.5%
    LAKE MICHIGAN CREDIT UNION $8,955,000 $4,900,000 -45.3% 1.2%
    Fifth Third Bank $7,000,000 $4,235,000 -39.5% 1.0%
    PNC Bank $3,635,000 $4,045,000 11.3% 1.0%
    Wells Fargo Bank $10,155,000 $3,840,000 -62.2% 0.9%
    ENVOY MORTGAGE, LTD $3,845,000 $3,375,000 -12.2% 0.8%
    GENEVA FINANCIAL, LLC $3,420,000 $3,240,000 -5.3% 0.8%
    NAVY FEDERAL CREDIT UNION $1,275,000 $3,155,000 147.5% 0.8%
    FREEDOM MORTGAGE CORPORATION $14,720,000 $2,825,000 -80.8% 0.7%
    JPMorgan Chase Bank $9,935,000 $2,750,000 -72.3% 0.7%
    JOLT CREDIT UNION $3,335,000 $2,625,000 -21.3% 0.6%
    LOANDEPOT.COM, LLC $3,365,000 $2,615,000 -22.3% 0.6%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $2,470,000 $2,315,000 -6.3% 0.6%
    AMERISAVE MORTGAGE CORPORATION $1,885,000 $2,275,000 20.7% 0.6%
    CALIBER HOME LOANS, INC. $2,750,000 $2,255,000 -18.0% 0.5%
    PENNYMAC LOAN SERVICES, LLC $2,620,000 $2,210,000 -15.6% 0.5%
    MID AMERICA MORTGAGE, INC. $4,775,000 $2,170,000 -54.6% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $5,610,000 $2,090,000 -62.7% 0.5%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $1,910,000 $2,045,000 7.1% 0.5%
    The State Bank $1,105,000 $2,025,000 83.3% 0.5%
    Flagstar Bank, FSB $3,520,000 $1,870,000 -46.9% 0.5%
    J. VIRGIL, INC. $2,420,000 $1,755,000 -27.5% 0.4%
    AMERIFIRST FINANCIAL CORPORATION $2,165,000 $1,430,000 -33.9% 0.3%
    Bank of America $1,600,000 $1,315,000 -17.8% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $1,480,000 $1,205,000 -18.6% 0.3%
    UNION HOME MORTGAGE CORP. $4,045,000 $1,190,000 -70.6% 0.3%
    BAYSHORE MORTGAGE FUNDING, LLC $1,175,000 n/a 0.3%
    BROKER SOLUTIONS, INC. $1,750,000 $1,110,000 -36.6% 0.3%
    Comerica Bank $1,110,000 $1,060,000 -4.5% 0.3%
    GVC MORTGAGE, INC. $1,040,000 n/a 0.3%
    U.S. Bank $1,200,000 $1,025,000 -14.6% 0.2%
    USAA Federal Savings Bank $2,540,000 $1,020,000 -59.8% 0.2%
    Preston Home Loans Inc $125,000 $1,015,000 712.0% 0.2%
    MICHIGAN MUTUAL, INC. $1,195,000 $1,000,000 -16.3% 0.2%
    21ST MORTGAGE CORPORATION $1,330,000 $995,000 -25.2% 0.2%
    Citizens Bank $165,000 $990,000 500.0% 0.2%
    UNITED FINANCIAL Credit Union $1,255,000 $945,000 -24.7% 0.2%
    NEWREZ LLC $2,880,000 $930,000 -67.7% 0.2%
    The Federal Savings Bank $1,115,000 $925,000 -17.0% 0.2%
    Morgan Stanley Private Bank $895,000 n/a 0.2%
    MORTGAGE 1 INCORPORATED $3,020,000 $875,000 -71.0% 0.2%
    GUARANTEED RATE, INC. $2,015,000 $855,000 -57.6% 0.2%
    CREDIT UNION ONE $840,000 $820,000 -2.4% 0.2%
    ROSS MORTGAGE CORPORATION $365,000 $810,000 121.9% 0.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,330,000 $805,000 -39.5% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $630,000 $795,000 26.2% 0.2%
    NEW DAY FINANCIAL, LLC $1,590,000 $770,000 -51.6% 0.2%
    CHURCHILL MORTGAGE CORPORATION $540,000 $760,000 40.7% 0.2%
    RUOFF MORTGAGE COMPANY, INC. $190,000 $755,000 297.4% 0.2%
    EVERETT FINANCIAL, INC. $745,000 n/a 0.2%
    Ally Bank $690,000 $740,000 7.2% 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $1,670,000 $735,000 -56.0% 0.2%
    Northpointe Bank $1,395,000 $725,000 -48.0% 0.2%
    Wanigas Credit Union $2,155,000 $705,000 -67.3% 0.2%
    HOME POINT FINANCIAL CORPORATION $1,435,000 $680,000 -52.6% 0.2%
    EMBRACE HOME LOANS, INC. $175,000 $645,000 268.6% 0.2%
    United Bay Community Credit Union $620,000 $635,000 2.4% 0.2%
    LEGEND LENDING CORPORATION $630,000 n/a 0.2%
    Nicolet National Bank $620,000 n/a 0.1%
    VIBE CREDIT UNION $75,000 $610,000 713.3% 0.1%
    HOMESIDE FINANCIAL, LLC $760,000 $570,000 -25.0% 0.1%
    FINANCIAL PLUS CREDIT UNION $515,000 $555,000 7.8% 0.1%
    GreenStone Farm Credit Services, FLCA $3,335,000 $550,000 -83.5% 0.1%
    PHH Mortgage Corporation $1,105,000 $550,000 -50.2% 0.1%
    TOP FLITE FINANCIAL, INC. $530,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $210,000 $495,000 135.7% 0.1%
    ROYAL UNITED MORTGAGE LLC $850,000 $495,000 -41.8% 0.1%
    CONTOUR MORTGAGE CORPORATION $485,000 n/a 0.1%
    ChoiceOne Bank $300,000 $470,000 56.7% 0.1%
    AMERICAN FINANCING CORPORATION $975,000 $455,000 -53.3% 0.1%
    Armed Forces Bank $455,000 n/a 0.1%
    TEAM ONE CREDIT UNION $1,305,000 $450,000 -65.5% 0.1%
    BNC National Bank $135,000 $445,000 229.6% 0.1%
    Luxury Mortgage Corp. $435,000 n/a 0.1%
    Neighborhood Loans, Inc. $530,000 $430,000 -18.9% 0.1%
    MEMBER FIRST MORTGAGE, LLC $425,000 n/a 0.1%
    BLG HOLDINGS, INC. $405,000 $395,000 -2.5% 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $385,000 n/a 0.1%
    DFCU FINANCIAL $385,000 n/a 0.1%
    MORTGAGE CENTER L.C $610,000 $375,000 -38.5% 0.1%
    Commercial Bank $370,000 n/a 0.1%
    Dollar Bank, Federal Savings Bank $365,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $3,080,000 $360,000 -88.3% 0.1%
    HEALTH ADVANTAGE FEDERAL CREDIT UNION $1,365,000 $360,000 -73.6% 0.1%
    Amerifirst Financial, Inc. $355,000 n/a 0.1%
    VILLAGE CAPITAL MORTGAGE $475,000 $345,000 -27.4% 0.1%
    Carrington Mortgage Services, LLC $1,235,000 $335,000 -72.9% 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $585,000 $325,000 -44.4% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $125,000 $320,000 156.0% 0.1%
    LENDINGHOME FUNDING CORPORATION $280,000 $315,000 12.5% 0.1%
    FINANCE OF AMERICA MORTGAGE LLC $1,410,000 $310,000 -78.0% 0.1%
    First State Bank $420,000 $310,000 -26.2% 0.1%
    TOWNE MORTGAGE COMPANY $300,000 n/a 0.1%
    First Savings Bank $295,000 n/a 0.1%
    Academy Bank $285,000 n/a 0.1%
    American Mortgage & Equity Consultants, Inc. $1,185,000 $285,000 -75.9% 0.1%
    BM Real Estate Services, Inc. $1,215,000 $280,000 -77.0% 0.1%
    FinancialEdge Community Credit Union $435,000 $270,000 -37.9% 0.1%
    NBKC BANK $270,000 n/a 0.1%
    CLEARPATH LENDING $540,000 $265,000 -50.9% 0.1%
    Discover Bank $200,000 $265,000 32.5% 0.1%
    MICHIGAN SCHOOLS AND GOVERNMENT $1,085,000 $260,000 -76.0% 0.1%
    Austin Capital Bank SSB $250,000 n/a 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $685,000 $245,000 -64.2% 0.1%
    CANOPY MORTGAGE, LLC $235,000 n/a 0.1%
    Chicago Mortgage Solutions LLC $420,000 $235,000 -44.0% 0.1%
    SUNRISE FAMILY CREDIT UNION $95,000 $235,000 147.4% 0.1%
    M&T Bank $240,000 $230,000 -4.2% 0.1%
    Centier Bank $225,000 n/a 0.1%
    Magnolia Bank $225,000 n/a 0.1%
    Century Mortgage Company DBA Century Lending Company $215,000 n/a 0.1%
    NORTHROP GRUMMAN Federal Credit Union $215,000 n/a 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $890,000 $210,000 -76.4% 0.1%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $605,000 $210,000 -65.3% 0.1%
    SOFI LENDING CORP. $735,000 $205,000 -72.1% 0.0%
    Three Rivers Federal Credit Union $205,000 n/a 0.0%
    First Federal Bank $95,000 $200,000 110.5% 0.0%
    First Horizon Bank $195,000 n/a 0.0%
    CIVIC FINANCIAL SERVICES, LLC $240,000 $185,000 -22.9% 0.0%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $185,000 n/a 0.0%
    Bank of England $475,000 $175,000 -63.2% 0.0%
    Colonial Savings, F.A. $565,000 $175,000 -69.0% 0.0%
    Mid-Continent Funding, Inc. $185,000 $175,000 -5.4% 0.0%
    PLANET HOME LENDING, LLC $145,000 $175,000 20.7% 0.0%
    INLANTA MORTGAGE, INC. $185,000 $165,000 -10.8% 0.0%
    MICHIGAN FIRST CREDIT UNION $125,000 $165,000 32.0% 0.0%
    First Guaranty Mortgage Corporation $240,000 $155,000 -35.4% 0.0%
    SPRING EQ, LLC $145,000 $150,000 3.4% 0.0%
    MYCUMORTGAGE, LLC $145,000 n/a 0.0%
    West Michigan Credit Union $145,000 n/a 0.0%
    AMERICAN FINANCIAL RESOURCES, INC. $425,000 $135,000 -68.2% 0.0%
    ELGA CREDIT UNION $120,000 $135,000 12.5% 0.0%
    PENTAGON FEDERAL CREDIT UNION $725,000 $135,000 -81.4% 0.0%
    SOUTHWEST FUNDING, LP $580,000 $135,000 -76.7% 0.0%
    ADVIA $125,000 n/a 0.0%
    FirstBank $535,000 $125,000 -76.6% 0.0%
    First Merchants Bank $125,000 n/a 0.0%
    COPOCO Community Credit Union $450,000 $120,000 -73.3% 0.0%
    GSF Mortgage Corporation $115,000 n/a 0.0%
    NATIONWIDE MORTGAGE BANKERS, INC. $115,000 n/a 0.0%
    North American Savings Bank, F.S.B. $115,000 n/a 0.0%
    Watermark Capital, Inc. $115,000 n/a 0.0%
    Goldwater Bank, N.A. $105,000 n/a 0.0%
    Nations Lending Corporation $105,000 n/a 0.0%
    SUN WEST MORTGAGE COMPANY, INC. $920,000 $105,000 -88.6% 0.0%
    THRIVENT Federal Credit Union $100,000 n/a 0.0%
    Bell Bank $95,000 n/a 0.0%
    Highpoint Community Bank $95,000 n/a 0.0%
    RELIANCE FIRST CAPITAL, LLC $95,000 n/a 0.0%
    Arvest Bank $85,000 n/a 0.0%
    GENISYS $615,000 $85,000 -86.2% 0.0%
    STOCKTON MORTGAGE CORPORATION $75,000 n/a 0.0%
    Waterstone Mortgage Corporation $65,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $45,000 n/a 0.0%
    Dort Financial Credit Union $185,000 $35,000 -81.1% 0.0%
    Lake Trust Credit Union $115,000 $35,000 -69.6% 0.0%
    Figure Lending LLC $25,000 n/a 0.0%
    Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%
    COMMUNITY CHOICE CREDIT UNION $15,000 n/a 0.0%

    MIDLAND's top lender by overall market share is DOW CHEMICAL EMPLOYEES', with 13.0% market share. In second place, with 7.8%, is QUICKEN LOANS, LLC, having originated $32,250,000 in loans. In third place, with 5.8%, is CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP, having originated $23,790,000 in loans. In fourth place, with 5.7%, is The Huntington National Bank, having originated $23,520,000 in loans. In fifth place, with 5.5%, is Isabella Bank, having originated $22,815,000 in loans.

    MIDLAND Housing Market Trends (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 $170,000 (20.4%) $237,977 (21.6%) 0.00 264
    2018-02-01 $176,125 (21.6%) $247,667 (18.0%) 0.00 245
    2018-03-01 $170,000 (13.4%) $239,527 (8.0%) 0.00 278
    2018-04-01 $179,950 (7.8%) $242,963 (5.1%) 0.00 268
    2018-05-01 $184,875 (5.7%) $246,849 (5.8%) 0.00 280
    2018-06-01 $187,500 (6.6%) $245,178 (5.5%) 0.00 314
    2018-07-01 $186,250 (12.2%) $243,455 (3.9%) 0.00 335
    2018-08-01 $189,250 (14.8%) $240,566 (7.8%) 0.00 342
    2018-09-01 $180,000 (6.5%) $238,818 (5.9%) 0.00 369
    2018-10-01 $189,900 (13.0%) $241,864 (7.4%) 0.00 353
    2018-11-01 $174,325 (0.4%) $229,588 (-1.7%) 0.00 335
    2018-12-01 $175,000 (1.0%) $231,057 (-3.1%) 0.00 279
    2019-01-01 $174,950 (2.9%) $230,549 (-3.1%) 0.00 242
    2019-02-01 $184,919 (5.0%) $242,460 (-2.1%) 0.00 240
    2019-03-01 $192,336 (13.1%) $245,927 (2.7%) 0.00 232
    2019-04-01 $199,250 (10.7%) $248,653 (2.3%) 0.00 234
    2019-05-01 $219,675 (18.8%) $258,446 (4.7%) 0.00 256
    2019-06-01 $200,000 (6.7%) $251,455 (2.6%) 0.00 279
    2019-07-01 $214,750 (15.3%) $255,174 (4.8%) 0.00 300
    2019-08-01 $203,455 (7.5%) $247,491 (2.9%) 0.00 314
    2019-09-01 $190,261 (5.7%) $235,071 (-1.6%) 0.00 330
    2019-10-01 $183,916 (-3.2%) $226,148 (-6.5%) 0.00 338
    2019-11-01 $187,900 (7.8%) $231,139 (0.7%) 0.00 314
    2019-12-01 $178,725 (2.1%) $229,499 (-0.7%) 0.00 289
    2020-01-01 $174,748 (-0.1%) $227,188 (-1.5%) 0.00 252
    2020-02-01 $199,900 (8.1%) $251,957 (3.9%) 0.00 213
    2020-03-01 $228,475 (18.8%) $271,457 (10.4%) 0.00 200
    2020-04-01 $240,725 (20.8%) $280,087 (12.6%) 0.00 181
    2020-05-01 $238,900 (8.8%) $285,885 (10.6%) 0.00 177
    2020-06-01 $243,575 (21.8%) $292,910 (16.5%) 0.00 163
    2020-07-01 $241,975 (12.7%) $279,739 (9.6%) 0.00 147
    2020-08-01 $229,900 (13.0%) $278,802 (12.7%) 0.00 143
    2020-09-01 $225,000 (18.3%) $281,342 (19.7%) 0.00 139
    2020-10-01 $189,900 (3.3%) $247,044 (9.2%) 0.00 149
    2020-11-01 $199,900 (6.4%) $260,714 (12.8%) 0.00 133
    2020-12-01 $200,950 (12.4%) $259,939 (13.3%) 0.00 128
    2021-01-01 $202,500 (15.9%) $280,765 (23.6%) 0.00 91
    2021-02-01 $193,225 (-3.3%) $288,397 (14.5%) 0.00 76
    2021-03-01 $255,975 (12.0%) $322,537 (18.8%) 0.00 79
    2021-04-01 $268,725 (11.6%) $311,188 (11.1%) 0.00 85
    2021-05-01 $252,500 (5.7%) $319,865 (11.9%) 0.00 102
    2021-06-01 $277,000 (13.7%) $347,660 (18.7%) 0.00 105
    2021-07-01 $255,900 (5.8%) $329,334 (17.7%) 0.00 126
    2021-08-01 $244,200 (6.2%) $304,777 (9.3%) 0.00 118
    2021-09-01 $231,175 (2.7%) $292,642 (4.0%) 0.00 106
    2021-10-01 $222,000 (16.9%) $268,556 (8.7%) 0.00 108
    2021-11-01 $199,425 (-0.2%) $266,664 (2.3%) 0.00 98
    2021-12-01 $208,675 (3.8%) $280,370 (7.9%) 0.00 71
    2022-01-01 $217,450 (7.4%) $287,281 (2.3%) 0.00 57
    2022-02-01 $248,417 (28.6%) $332,530 (15.3%) 0.00 51
    2022-03-01 $228,750 (-10.6%) $337,961 (4.8%) 0.00 56
    2022-04-01 $264,450 (-1.6%) $332,199 (6.8%) 0.00 59
    2022-05-01 $252,675 (0.1%) $323,621 (1.2%) 0.00 79
    2022-06-01 $284,475 (2.7%) $327,631 (-5.8%) 0.00 93
    2022-07-01 $293,500 (14.7%) $335,666 (1.9%) 0.00 96
    2022-08-01 $292,450 (19.8%) $328,058 (7.6%) 0.00 102
    2022-09-01 $295,200 (27.7%) $321,166 (9.8%) 0.00 95
    2022-10-01 $240,000 (8.1%) $314,597 (17.1%) 0.00 110
    2022-11-01 $225,000 (12.8%) $311,973 (17.0%) 0.00 99
    2022-12-01 $224,900 (7.8%) $307,151 (9.6%) 0.00 79
    2023-01-01 $223,575 (2.8%) $308,491 (7.4%) 0.00 58
    2023-02-01 $241,475 (-2.8%) $330,429 (-0.6%) 0.00 56
    MIDLAND's median listing price for 2023-02-01 was $241,475, a difference of $-6,942 (-2.8%) versus the prior year and $17,900 versus the prior month.

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

    MIDLAND's average listing price for 2023-02-01 was $330,429, a difference of $-2,101 (-0.6%) versus the prior year and $21,938 versus the prior month.

    For the 2023-02-01 period, MIDLAND had 56 MLS listings, a difference of -2 listings (-3%) versus the prior month and 5 listings (10%) 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 1,795 sqft
    2018-02-01 0 days 1,801 sqft
    2018-03-01 0 days 1,744 sqft
    2018-04-01 0 days 1,744 sqft
    2018-05-01 0 days 1,656 sqft
    2018-06-01 0 days 1,718 sqft
    2018-07-01 0 days 1,731 sqft
    2018-08-01 0 days 1,765 sqft
    2018-09-01 0 days 1,923 sqft
    2018-10-01 0 days 2,050 sqft
    2018-11-01 0 days 2,026 sqft
    2018-12-01 0 days 1,971 sqft
    2019-01-01 0 days 1,952 sqft
    2019-02-01 0 days 1,973 sqft
    2019-03-01 0 days 1,883 sqft
    2019-04-01 0 days 1,808 sqft
    2019-05-01 0 days 1,883 sqft
    2019-06-01 0 days 1,857 sqft
    2019-07-01 0 days 1,831 sqft
    2019-08-01 0 days 1,811 sqft
    2019-09-01 0 days 1,781 sqft
    2019-10-01 0 days 1,754 sqft
    2019-11-01 0 days 1,764 sqft
    2019-12-01 0 days 1,738 sqft
    2020-01-01 0 days 1,730 sqft
    2020-02-01 0 days 1,788 sqft
    2020-03-01 0 days 1,832 sqft
    2020-04-01 0 days 1,830 sqft
    2020-05-01 0 days 1,848 sqft
    2020-06-01 0 days 1,898 sqft
    2020-07-01 0 days 1,838 sqft
    2020-08-01 0 days 1,921 sqft
    2020-09-01 0 days 1,808 sqft
    2020-10-01 0 days 1,631 sqft
    2020-11-01 0 days 1,688 sqft
    2020-12-01 0 days 1,791 sqft
    2021-01-01 0 days 1,813 sqft
    2021-02-01 0 days 1,632 sqft
    2021-03-01 0 days 1,715 sqft
    2021-04-01 0 days 1,661 sqft
    2021-05-01 0 days 1,647 sqft
    2021-06-01 0 days 1,796 sqft
    2021-07-01 0 days 1,809 sqft
    2021-08-01 0 days 1,807 sqft
    2021-09-01 0 days 1,807 sqft
    2021-10-01 0 days 1,732 sqft
    2021-11-01 0 days 1,726 sqft
    2021-12-01 0 days 1,809 sqft
    2022-01-01 0 days 1,608 sqft
    2022-02-01 0 days 1,738 sqft
    2022-03-01 0 days 1,615 sqft
    2022-04-01 0 days 1,650 sqft
    2022-05-01 0 days 1,756 sqft
    2022-06-01 0 days 1,881 sqft
    2022-07-01 0 days 1,881 sqft
    2022-08-01 0 days 1,755 sqft
    2022-09-01 0 days 1,712 sqft
    2022-10-01 0 days 1,716 sqft
    2022-11-01 0 days 1,685 sqft
    2022-12-01 0 days 1,600 sqft
    2023-01-01 0 days 1,632 sqft
    2023-02-01 0 days 1,670 sqft
    MIDLAND's median listing age (time on market) for 2023-02-01 was 0 days.

    MIDLAND's median square footage for active listings during the 2023-02-01 period was 1,670 sqft. One year prior, the average listing was 1,738 sqft.

    MIDLAND, MI 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
    48612 Midland, MI $510 $580 $760 $1,060 $1,190
    48615 Midland, MI $510 $580 $760 $1,060 $1,190
    48618 Midland, MI $510 $580 $760 $1,060 $1,190
    48620 Midland, MI $580 $660 $870 $1,210 $1,340
    48623 Midland, MI $700 $800 $1,060 $1,330 $1,450
    48626 Midland, MI $500 $580 $760 $1,060 $1,190
    48628 Midland, MI $610 $690 $910 $1,270 $1,400
    48634 Midland, MI $500 $590 $760 $1,060 $1,190
    48637 Midland, MI $560 $640 $850 $1,070 $1,190
    48640 Midland, MI $550 $620 $820 $1,140 $1,260
    48641 Midland, MI $580 $660 $870 $1,210 $1,340
    48642 Midland, MI $630 $720 $940 $1,300 $1,440
    48652 Midland, MI $730 $850 $1,100 $1,460 $1,590
    48657 Midland, MI $570 $650 $850 $1,180 $1,310
    48662 Midland, MI $740 $840 $1,110 $1,540 $1,710
    48667 Midland, MI $580 $660 $870 $1,210 $1,340
    48858 Midland, MI $550 $620 $820 $1,140 $1,260
    48880 Midland, MI $510 $590 $770 $1,070 $1,190
    48883 Midland, MI $510 $580 $760 $1,060 $1,190

    2022 Average & Median Rent Data Statistics
    MIDLAND, MI average 1BR rent: $657, median: $640
    MIDLAND, MI average 2BR rent: $863, median: $850
    MIDLAND, MI average 3BR rent: $1,184, median: $1,140

    MIDLAND, MI Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,275 $273,155,000 $214,239
    Cash Out Refi 488 $70,050,000 $143,545
    Refi 263 $40,945,000 $155,684
    Home Improvement 182 $15,540,000 $85,385
    Other 129 $13,675,000 $106,008

    Midland's most frequently cited loan purpose was Home Purchase, with 1,275 originations. The 2nd most popular reason was Cash Out Refi, with 488 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 640 $121,500,000 $189,844
    3-4% 480 $85,140,000 $177,375
    4-5% 479 $97,595,000 $203,747
    6-7% 328 $51,590,000 $157,287
    2.5-3% 143 $26,635,000 $186,259
    7-8% 115 $13,045,000 $113,435
    <2.5% 82 $12,750,000 $155,488
    Over 8% 42 $2,660,000 $63,333

    During 2022, Midland's most frequently originated rate bucket was 5-6%, with 640 originations.

    Loan Sizing (MIDLAND, MI MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 985 $141,805,000 $143,964
    $100,000 or less 670 $40,050,000 $59,776
    $200k-400k 557 $150,465,000 $270,135
    $400k-600k 79 $38,295,000 $484,747
    $600k-1000k 33 $23,165,000 $701,970
    $Over $1MM 13 $19,585,000 $1,506,538

    MIDLAND's loan sizing saw the bucket of loans from $100k-200k with 985 originations, totaling $141,805,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 975 $213,905,000 $219,390
    60-80% 632 $126,540,000 $200,222
    40-60% 256 $37,120,000 $145,000
    20-40% 231 $20,375,000 $88,203
    Under 20% 187 $7,255,000 $38,797
    Over 100% 9 $3,525,000 $391,667

    MIDLAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 975 originations, totaling $213,905,000 in origination value.