MUSKEGON Mortgage Rates

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

30 Year Fixed Rate mortgages in Muskegon averaged 5.39% for the week of 2022-08-04, compared to the national average of 4.99% for the same period.

The average rate for the prior week (2022-07-28) was 5.5% and one month ago for the week of 2022-06-30, the average rate was 6%.

Muskegon's average rate one year ago was 2.93%.

For refis of the same type during the week of 2022-08-04, the average rate was 5.15%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-08-04 4.99%
Muskegon 30 Year Fixed Rate 2022-08-04 5.39%
Muskegon 30 Year Fixed Rate Refi 2022-08-04 5.15%
Muskegon 15 Year Fixed Rate 2022-08-04 5.12%
Muskegon 15 Year Fixed Rate Refi 2022-08-04 4.6%
Muskegon 30 Year FHA 2022-08-04 5.43%
Muskegon 30 Year FHA Refi 2022-08-04 5.25%
Muskegon 30 Year USDA 2022-08-04 5.63%
Muskegon 30 Year USDA Refi 2022-08-04 5.11%
Muskegon 30 Year VA 2022-08-04 5.32%
Muskegon 30 Year VA Refi 2022-08-04 5.15%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MUSKEGON, MI.

MUSKEGON 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 MUSKEGON, 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
LAKE MICHIGAN CREDIT UNION 595 3.10% $2,728
MORTGAGE 1 INCORPORATED 282 3.39% $3,228
QUICKEN LOANS, LLC 266 3.18% $4,331
Fifth Third Bank 174 3.17% $2,790
VAN DYK MORTGAGE CORPORATION 153 3.37% $2,987
The Huntington National Bank 145 3.25% $2,779
TOWNE MORTGAGE COMPANY 124 3.39% $2,758
UNITED WHOLESALE MORTGAGE, LLC 99 3.12% $3,804
ChoiceOne Bank 89 3.38% $2,217
CALIBER HOME LOANS, INC. 78 3.34% $2,792
Independent Bank 66 3.24% $2,821
JPMorgan Chase Bank 63 3.10% $2,155
Neighborhood Loans, Inc. 61 3.30% $2,959
Northpointe Bank 55 3.39% $2,713
MEMBER FIRST MORTGAGE, LLC 54 3.22% $2,722
ENVOY MORTGAGE, LTD 38 3.45% $3,571
CONSUMERS 38 3.51% $2,438
T2 FINANCIAL LLC 36 3.34% $3,747
FINANCE OF AMERICA MORTGAGE LLC 34 3.37% $3,908
NEWREZ LLC 34 3.57% $3,342
LOANDEPOT.COM, LLC 34 3.25% $4,513
PNC Bank 33 3.17% $3,195
Wells Fargo Bank 30 3.19% $2,859
STEARNS LENDING, LLC 29 3.30% $3,213
ARK-LA-TEX FINANCIAL SERVICES, LLC. 27 3.39% $3,635
Mercantile Bank of Michigan 26 3.28% $2,804
MMS MORTGAGE SERVICES, LTD. 25 3.37% $2,798
Mr. Cooper ( Nationstar Mortgage ) 25 3.60% $4,503
AMERISAVE MORTGAGE CORPORATION 23 3.03% $4,376
CHURCHILL MORTGAGE CORPORATION 18 3.57% $2,827
SUCCESS MORTGAGE PARTNERS, INC. 18 3.39% $4,944
GUARANTEED RATE, INC. 17 3.22% $3,009
MORTGAGE CENTER L.C 17 3.15% $2,924
AAC Credit Union 17 3.51% $2,088
Flagstar Bank, FSB 17 3.28% $2,741
UNION HOME MORTGAGE CORP. 15 3.20% $3,374
NORTHERN MORTGAGE SERVICES, LLC 14 3.09% $3,293
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 14 3.17% $2,945
PENNYMAC LOAN SERVICES, LLC 14 3.36% $5,157
RUOFF MORTGAGE COMPANY, INC. 12 3.16% $2,451
Paramount Residential Mortgage Group, Inc. 12 3.43% $3,066
TCF National Bank 11 3.07% $2,789
BROKER SOLUTIONS, INC. 10 3.26% $3,771
AMERIFIRST FINANCIAL CORPORATION 9 3.50% $3,391
PRIMELENDING, A PLAINSCAPITAL COMPANY 9 3.47% $2,736
United Bank of Michigan 8 3.28% $1,598
Macatawa Bank 8 3.30% $2,599
Comerica Bank 8 3.20% $2,574
First Guaranty Mortgage Corporation 8 3.47% $2,876
FIRST GENERAL 8 3.41% $2,461
Bank of America 7 2.84% $3,075
ROYAL UNITED MORTGAGE LLC 7 3.38% $6,378
BETTER MORTGAGE CORPORATION 7 3.07% $2,169
HOME POINT FINANCIAL CORPORATION 7 3.30% $4,421
FREEDOM MORTGAGE CORPORATION 7 3.39% $4,660
Old National Bank 6 3.08% $3,169
S1L, Inc. 6 3.35% $2,806
MUTUAL OF OMAHA MORTGAGE, INC. 6 3.27% $3,940
InterContinental Capital Group, Inc 5 3.30% $2,357
ACADEMY MORTGAGE CORPORATION 5 3.28% $3,399
Honor Credit Union 5 3.10% $3,106
Hometown Lenders, Inc. 5 3.35% $3,996
NAVY FEDERAL CREDIT UNION 5 3.68% $2,576
MICHIGAN MUTUAL, INC. 5 3.48% $3,326
INLANTA MORTGAGE, INC. 5 3.50% $3,014
UNITED 4 3.25% $2,974
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.13% $2,935
CROSSCOUNTRY MORTGAGE, LLC 4 2.94% $3,000
Adventure Credit Union 4 3.28% $2,000
STOCKTON MORTGAGE CORPORATION 4 3.09% $2,964
Citizens Bank 4 3.16% $3,671
Grand River Bank 4 2.88% $1,965
PLAZA HOME MORTGAGE, INC. 4 3.63% $3,920
The Dart Bank 4 3.09% $2,521
Carrington Mortgage Services, LLC 4 3.09% $3,757
HOMESIDE FINANCIAL, LLC 4 2.93% $4,459
AMERICAN FINANCING CORPORATION 4 3.06% $5,424
Morgan Stanley Private Bank 3 2.68% $3,180
Chicago Mortgage Solutions LLC 3 2.71% $1,418
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 3 3.54% $2,904
J. VIRGIL, INC. 3 3.38% $3,041
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 3.21% $3,912
ZILLOW HOME LOANS, LLC 3 3.17% $3,333
MICHIGAN FIRST CREDIT UNION 3 3.50% $3,883
LAKEVIEW LOAN SERVICING, LLC 3 3.17% $2,501
U.S. Bank 3 3.46% $2,264
SOFI LENDING CORP. 3 3.17% $2,595
Mortgage Research Center, LLC 3 2.92% $2,596
AMERICAN FINANCIAL NETWORK, INC. 3 3.21% $8,156
GUARANTEED RATE AFFINITY, LLC 2 3.18% $4,866
American Mortgage & Equity Consultants, Inc. 2 3.06% $2,799
AmeriHome Mortgage Company, LLC 2 3.56% $4,692
Community West Credit Union 2 3.00% $2,040
DFCU FINANCIAL 2 3.13% $2,803
EMM LOANS LLC 2 3.18% $6,195
First National Bank of America 2 7.44% $6,194
HOMESTEAD FUNDING CORP. 2 2.75% $2,417
Kellogg Community Credit Union 2 2.94% $3,051
KeyBank 2 2.99% $2,818
LEADERONE FINANCIAL CORPORATION 2 2.75% $2,739
LHM FINANCIAL CORPORATION 2 3.62% $5,517
MICHIGAN ONE COMMUNITY Credit Union 2 4.38% $4,266
Nations Lending Corporation 2 3.38% $8,369
NBKC BANK 2 3.31% $2,101
NEW DAY FINANCIAL, LLC 2 2.87% $3,868
Sunflower Bank 2 3.06% $2,262
TEAM ONE CREDIT UNION 2 3.13% $1,694
Truist Bank 2 3.25% $2,671
American National Bank 1 3.00% $3,548
Isabella Bank 1 2.38% $2,046
Watermark Capital, Inc. 1 2.75% $2,782
INLAND BANK & TRUST 1 3.25% $2,856
AMERICAN FINANCIAL RESOURCES, INC. 1 3.38% $1,274
Horizon Bank 1 3.25% $3,890
NEXERA HOLDING LLC 1 3.00% $2,717
North American Savings Bank, F.S.B. 1 4.50% $1,230
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.99% $6,508
HIWAY 1 3.13% $2,567
GVC MORTGAGE, INC. 1 3.25% $2,930
GUARANTY HOME MORTGAGE CORPORATION 1 3.13% $4,105
PARKSIDE LENDING, LLC 1 2.75% $20,766
21ST MORTGAGE CORPORATION 1 6.30% $6,921
PHH Mortgage Corporation 1 4.25% $4,133
GreenStone Farm Credit Services, FLCA 1 3.40% $5,041
Goldman Sachs Bank USA 1 2.80% $2,276
GENISYS 1 3.38% $1,926
PROVIDENT FUNDING ASSOCIATES, L.P. 1 3.00% $2,970
GENEVA FINANCIAL, LLC 1 3.00% $5,295
Quontic Bank 1 3.50% $7,032
ROSS MORTGAGE CORPORATION 1 2.88% $6,753
First Internet Bank of Indiana 1 2.75% $3,357
EVERETT FINANCIAL, INC. 1 3.88% $1,690
DRAPER AND KRAMER MORTGAGE CORP. 1 2.75% $3,228
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 2.88% $2,553
STAUNTON FINANCIAL, INC. 1 3.50% $4,107
COMMUNITY FINANCIAL CREDIT UNION 1 2.75% $1,601
Sterling Bank and Trust, FSB 1 3.00% $2,329
Stifel Bank and Trust 1 2.75% $2,130
Commerce Home Mortgage, Inc. 1 4.03% $12,236
CMG MORTGAGE, INC. 1 3.13% $1,828
Willamette Valley Bank 1 3.38% $2,666
Citibank 1 3.00% $4,447
CIT Bank 1 2.73% $3,370
Wyndham Capital Mortgage, Inc. 1 2.88% $955
CHERRY CREEK MORTGAGE, LLC 1 2.88% $123
The Federal Savings Bank 1 3.50% $7,377
BAY EQUITY LLC 1 3.38% $4,099
THRIVE MORTGAGE, LLC 1 4.75% $4,523
TOP FLITE FINANCIAL, INC. 1 3.63% $5,368
TOTAL MORTGAGE SERVICES, LLC 1 4.50% $3,020
Baxter Credit Union 1 2.75% $2,490
Ally Bank 1 3.63% $8,997
UBS Bank USA 1 2.63% $4,114
Barrington Bank & Trust Company, N.A. 1 2.88% $2,578
Bank of England 1 2.25% $7,251
Auto Club Trust, FSB 1 2.88% $2,686
UNITED MORTGAGE CORP. 1 4.00% $4,258
Ameris Bank 1 3.25% $2,661
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.99% $3,220
MORIA DEVELOPMENT, INC. 1 3.50% $3,080
MID AMERICA MORTGAGE, INC. 1 3.25% $1,658
MICHIGAN SCHOOLS AND GOVERNMENT 1 3.13% $2,501
Manufacturers and Traders Trust Company 1 3.63% $4,677
Level One Bank 1 3.25% $1,946
LENDSURE MORTGAGE CORP. 1 5.38% $13,679

MUSKEGON, MI's 165 lenders originated 8,104 loans during 2021. The total origination value was $1,317,250,000, with an average loan value of $162,543.

The top MUSKEGON lender as defined by loan originations is LAKE MICHIGAN CREDIT UNION, with 595 loans originated. Their average total fees are $2,728, which is $500 lower than the next largest lender, MORTGAGE 1 INCORPORATED.

The lowest fee MUSKEGON lenders (with over 10 loans originated) are AAC Credit Union ($2,088), JPMorgan Chase Bank ($2,155), ChoiceOne Bank ($2,217), CONSUMERS ($2,438) and RUOFF MORTGAGE COMPANY, INC. ($2,451).

The lowest rate MUSKEGON lenders (with over 10 loans originated) are AMERISAVE MORTGAGE CORPORATION (3.03%), TCF National Bank (3.07%), NORTHERN MORTGAGE SERVICES, LLC (3.09%), JPMorgan Chase Bank (3.10%) and LAKE MICHIGAN CREDIT UNION (3.10%).

MUSKEGON, 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
LAKE MICHIGAN CREDIT UNION $184,875,000 $196,140,000 6.1% 14.9%
QUICKEN LOANS, LLC $70,855,000 $98,560,000 39.1% 7.5%
MORTGAGE 1 INCORPORATED $100,430,000 $96,760,000 -3.7% 7.3%
Fifth Third Bank $52,095,000 $69,540,000 33.5% 5.3%
The Huntington National Bank $55,605,000 $69,015,000 24.1% 5.2%
VAN DYK MORTGAGE CORPORATION $43,860,000 $53,850,000 22.8% 4.1%
TOWNE MORTGAGE COMPANY $35,825,000 $48,125,000 34.3% 3.7%
Mercantile Bank of Michigan $7,270,000 $39,555,000 444.1% 3.0%
UNITED WHOLESALE MORTGAGE, LLC $15,605,000 $32,810,000 110.3% 2.5%
Independent Bank $23,910,000 $26,065,000 9.0% 2.0%
ChoiceOne Bank $18,900,000 $24,605,000 30.2% 1.9%
CALIBER HOME LOANS, INC. $17,430,000 $24,145,000 38.5% 1.8%
PNC Bank $25,520,000 $23,185,000 -9.1% 1.8%
FREEDOM MORTGAGE CORPORATION $18,155,000 $20,885,000 15.0% 1.6%
JPMorgan Chase Bank $12,790,000 $18,370,000 43.6% 1.4%
Neighborhood Loans, Inc. $11,835,000 $18,135,000 53.2% 1.4%
WALKER & DUNLOP, LLC $12,375,000 $16,485,000 33.2% 1.3%
Northpointe Bank $15,530,000 $14,375,000 -7.4% 1.1%
Mortgage Research Center, LLC $6,925,000 $13,085,000 89.0% 1.0%
ENVOY MORTGAGE, LTD $12,240,000 $12,605,000 3.0% 1.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $7,370,000 $12,365,000 67.8% 0.9%
T2 FINANCIAL LLC $10,445,000 $12,130,000 16.1% 0.9%
MEMBER FIRST MORTGAGE, LLC $3,535,000 $11,910,000 236.9% 0.9%
Wells Fargo Bank $4,890,000 $11,835,000 142.0% 0.9%
NEWREZ LLC $2,240,000 $11,810,000 427.2% 0.9%
LOANDEPOT.COM, LLC $5,870,000 $10,755,000 83.2% 0.8%
The Shelby State Bank $15,545,000 $10,565,000 -32.0% 0.8%
Mr. Cooper ( Nationstar Mortgage ) $7,250,000 $9,695,000 33.7% 0.7%
FINANCE OF AMERICA MORTGAGE LLC $9,785,000 $9,445,000 -3.5% 0.7%
PENNYMAC LOAN SERVICES, LLC $3,275,000 $9,220,000 181.5% 0.7%
STEARNS LENDING, LLC $8,395,000 n/a 0.6%
CONSUMERS $3,025,000 $8,120,000 168.4% 0.6%
Best Financial Credit Union $585,000 $7,260,000 1,141.0% 0.6%
AMERISAVE MORTGAGE CORPORATION $3,790,000 $7,055,000 86.1% 0.5%
SUCCESS MORTGAGE PARTNERS, INC. $4,335,000 $6,885,000 58.8% 0.5%
GUARANTEED RATE, INC. $3,480,000 $6,750,000 94.0% 0.5%
Comerica Bank $5,895,000 $6,530,000 10.8% 0.5%
TCF National Bank $18,440,000 $6,360,000 -65.5% 0.5%
Old National Bank $5,845,000 $6,335,000 8.4% 0.5%
MMS MORTGAGE SERVICES, LTD. $2,830,000 $6,300,000 122.6% 0.5%
Equity Prime Mortgage LLC $185,000 $5,455,000 2,848.6% 0.4%
UNION HOME MORTGAGE CORP. $3,175,000 $4,865,000 53.2% 0.4%
AAC Credit Union $4,130,000 $4,780,000 15.7% 0.4%
GreenStone Farm Credit Services, FLCA $3,980,000 $4,610,000 15.8% 0.3%
LAKEVIEW LOAN SERVICING, LLC $1,665,000 $4,480,000 169.1% 0.3%
CHURCHILL MORTGAGE CORPORATION $2,725,000 $4,370,000 60.4% 0.3%
MORTGAGE CENTER L.C $3,045,000 $4,295,000 41.1% 0.3%
Flagstar Bank, FSB $4,495,000 $4,200,000 -6.6% 0.3%
Paramount Residential Mortgage Group, Inc. $1,285,000 $4,135,000 221.8% 0.3%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,750,000 $4,115,000 135.1% 0.3%
NORTHERN MORTGAGE SERVICES, LLC $4,605,000 $4,115,000 -10.6% 0.3%
KeyBank $595,000 $4,085,000 586.6% 0.3%
NEW DAY FINANCIAL, LLC $1,610,000 $4,040,000 150.9% 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $2,565,000 $3,735,000 45.6% 0.3%
Bank of America $6,250,000 $3,660,000 -41.4% 0.3%
TRIAD FINANCIAL SERVICES, INC. $2,095,000 $3,550,000 69.5% 0.3%
HOME POINT FINANCIAL CORPORATION $2,845,000 $3,540,000 24.4% 0.3%
RUOFF MORTGAGE COMPANY, INC. $1,410,000 $3,495,000 147.9% 0.3%
NAVY FEDERAL CREDIT UNION $1,595,000 $3,420,000 114.4% 0.3%
Horizon Bank $1,970,000 $3,365,000 70.8% 0.3%
Carrington Mortgage Services, LLC $2,865,000 $3,270,000 14.1% 0.2%
GERBER FEDERAL CREDIT UNION $1,550,000 $3,190,000 105.8% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $960,000 $3,190,000 232.3% 0.2%
BROKER SOLUTIONS, INC. $1,635,000 $2,800,000 71.3% 0.2%
InterContinental Capital Group, Inc $245,000 $2,670,000 989.8% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $1,515,000 $2,535,000 67.3% 0.2%
United Bank of Michigan $2,395,000 $2,465,000 2.9% 0.2%
Macatawa Bank $2,175,000 $2,360,000 8.5% 0.2%
BETTER MORTGAGE CORPORATION $965,000 $2,355,000 144.0% 0.2%
GVC MORTGAGE, INC. $1,325,000 $2,350,000 77.4% 0.2%
BM Real Estate Services, Inc. $1,710,000 $2,345,000 37.1% 0.2%
AMERIFIRST FINANCIAL CORPORATION $2,270,000 $2,315,000 2.0% 0.2%
AMERICAN FINANCING CORPORATION $455,000 $2,290,000 403.3% 0.2%
Barrington Bank & Trust Company, N.A. $970,000 $2,270,000 134.0% 0.2%
Morgan Stanley Private Bank $425,000 $2,180,000 412.9% 0.2%
Honor Credit Union $250,000 $2,100,000 740.0% 0.2%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $2,460,000 $1,960,000 -20.3% 0.1%
The Dart Bank $890,000 $1,930,000 116.9% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $670,000 $1,920,000 186.6% 0.1%
First Guaranty Mortgage Corporation $2,145,000 $1,910,000 -11.0% 0.1%
USAA Federal Savings Bank $3,085,000 $1,905,000 -38.2% 0.1%
CLEARPATH LENDING $3,755,000 $1,885,000 -49.8% 0.1%
21ST MORTGAGE CORPORATION $570,000 $1,865,000 227.2% 0.1%
INLANTA MORTGAGE, INC. $1,785,000 $1,865,000 4.5% 0.1%
FIRST GENERAL $6,810,000 $1,860,000 -72.7% 0.1%
Hometown Lenders, Inc. $1,835,000 n/a 0.1%
First National Bank of America $2,975,000 $1,735,000 -41.7% 0.1%
AmeriHome Mortgage Company, LLC $1,740,000 $1,710,000 -1.7% 0.1%
The Federal Savings Bank $1,520,000 $1,685,000 10.9% 0.1%
Adventure Credit Union $2,500,000 $1,595,000 -36.2% 0.1%
NBKC BANK $850,000 $1,590,000 87.1% 0.1%
CROSSCOUNTRY MORTGAGE, LLC $1,900,000 $1,495,000 -21.3% 0.1%
MICHIGAN MUTUAL, INC. $1,010,000 $1,425,000 41.1% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $800,000 $1,380,000 72.5% 0.1%
PLAZA HOME MORTGAGE, INC. $565,000 $1,355,000 139.8% 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $1,425,000 $1,350,000 -5.3% 0.1%
West Michigan Community Bank $755,000 $1,275,000 68.9% 0.1%
SOFI LENDING CORP. $175,000 $1,260,000 620.0% 0.1%
STAUNTON FINANCIAL, INC. $780,000 $1,255,000 60.9% 0.1%
American Mortgage & Equity Consultants, Inc. $1,175,000 n/a 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $1,795,000 $1,170,000 -34.8% 0.1%
STOCKTON MORTGAGE CORPORATION $475,000 $1,145,000 141.1% 0.1%
MICHIGAN FIRST CREDIT UNION $850,000 $1,130,000 32.9% 0.1%
S1L, Inc. $385,000 $1,125,000 192.2% 0.1%
Kellogg Community Credit Union $1,110,000 n/a 0.1%
U.S. Bank $755,000 $1,095,000 45.0% 0.1%
ACADEMY MORTGAGE CORPORATION $155,000 $1,060,000 583.9% 0.1%
Chicago Mortgage Solutions LLC $500,000 $1,060,000 112.0% 0.1%
CREDIT UNION ONE $1,335,000 $1,015,000 -24.0% 0.1%
ROYAL UNITED MORTGAGE LLC $1,235,000 $1,000,000 -19.0% 0.1%
UNITED $385,000 $1,000,000 159.7% 0.1%
PARKSIDE LENDING, LLC $205,000 $945,000 361.0% 0.1%
Citizens Bank $715,000 $940,000 31.5% 0.1%
GUARANTEED RATE AFFINITY, LLC $290,000 $915,000 215.5% 0.1%
Grand River Bank $2,165,000 $895,000 -58.7% 0.1%
ARBOR FINANCIAL CREDIT UNION $825,000 $890,000 7.9% 0.1%
HOMESIDE FINANCIAL, LLC $165,000 $875,000 430.3% 0.1%
Goldman Sachs Bank USA $825,000 n/a 0.1%
Magnolia Bank $810,000 $815,000 0.6% 0.1%
TOP FLITE FINANCIAL, INC. $1,220,000 $785,000 -35.7% 0.1%
Nations Lending Corporation $385,000 $780,000 102.6% 0.1%
Lake Trust Credit Union $340,000 $770,000 126.5% 0.1%
LOANPAL, LLC $770,000 n/a 0.1%
UBS Bank USA $765,000 n/a 0.1%
Ally Bank $165,000 $735,000 345.5% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $3,115,000 $735,000 -76.4% 0.1%
Level One Bank $370,000 $735,000 98.6% 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $695,000 n/a 0.1%
First Federal Bank of Kansas City $640,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $285,000 $620,000 117.5% 0.0%
Wyndham Capital Mortgage, Inc. $365,000 $620,000 69.9% 0.0%
J. VIRGIL, INC. $540,000 $615,000 13.9% 0.0%
COMMUNITY FINANCIAL CREDIT UNION $240,000 $590,000 145.8% 0.0%
Manufacturers and Traders Trust Company $220,000 $590,000 168.2% 0.0%
RELIANCE FIRST CAPITAL, LLC $530,000 $550,000 3.8% 0.0%
American National Bank $545,000 n/a 0.0%
First Internet Bank of Indiana $545,000 n/a 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $545,000 n/a 0.0%
SUN WEST MORTGAGE COMPANY, INC. $1,115,000 $540,000 -51.6% 0.0%
NATIONS DIRECT MORTGAGE, LLC $305,000 $530,000 73.8% 0.0%
NEXERA HOLDING LLC $530,000 n/a 0.0%
MICHIGAN SCHOOLS AND GOVERNMENT $525,000 n/a 0.0%
TJC Mortgage, Inc. $525,000 n/a 0.0%
HOMESTEAD FUNDING CORP. $520,000 n/a 0.0%
CMG MORTGAGE, INC. $510,000 n/a 0.0%
DFCU FINANCIAL $1,635,000 $510,000 -68.8% 0.0%
Abbott Laboratories Employees Credit Union $505,000 n/a 0.0%
Highpoint Community Bank $285,000 $505,000 77.2% 0.0%
FINANCE OF AMERICA COMMERCIAL LLC $500,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $305,000 $490,000 60.7% 0.0%
Stifel Bank and Trust $195,000 $490,000 151.3% 0.0%
AMERICAN ADVISORS GROUP $415,000 $465,000 12.0% 0.0%
Citibank $1,675,000 $460,000 -72.5% 0.0%
ZILLOW HOME LOANS, LLC $775,000 $460,000 -40.6% 0.0%
CHERRY CREEK MORTGAGE, LLC $640,000 $455,000 -28.9% 0.0%
Figure Lending LLC $325,000 $450,000 38.5% 0.0%
MID AMERICA MORTGAGE, INC. $195,000 $450,000 130.8% 0.0%
UNITED MORTGAGE CORP. $135,000 $435,000 222.2% 0.0%
LEADERONE FINANCIAL CORPORATION $525,000 $425,000 -19.0% 0.0%
LENDSURE MORTGAGE CORP. $415,000 n/a 0.0%
LHM FINANCIAL CORPORATION $410,000 n/a 0.0%
Commerce Home Mortgage, Inc. $405,000 n/a 0.0%
ROSS MORTGAGE CORPORATION $185,000 $405,000 118.9% 0.0%
TEAM ONE CREDIT UNION $400,000 n/a 0.0%
CIT Bank $395,000 n/a 0.0%
Quontic Bank $395,000 n/a 0.0%
Bank of England $265,000 $390,000 47.2% 0.0%
PREFERRED CREDIT UNION $305,000 $390,000 27.9% 0.0%
LONGBRIDGE FINANCIAL, LLC $105,000 $380,000 261.9% 0.0%
BAY EQUITY LLC $365,000 n/a 0.0%
Baxter Credit Union $325,000 n/a 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $325,000 n/a 0.0%
Willamette Valley Bank $325,000 n/a 0.0%
MICHIGAN ONE COMMUNITY Credit Union $180,000 $315,000 75.0% 0.0%
CITIZENS EQUITY FIRST $255,000 $310,000 21.6% 0.0%
COMMUNITY CHOICE CREDIT UNION $470,000 $310,000 -34.0% 0.0%
Sunflower Bank $235,000 $310,000 31.9% 0.0%
MEMBERS FIRST Credit Union $95,000 $300,000 215.8% 0.0%
BLUELEAF LENDING, LLC $295,000 n/a 0.0%
GSF Mortgage Corporation $295,000 n/a 0.0%
Paramount Bank $115,000 $295,000 156.5% 0.0%
SIRVA MORTGAGE, INC. $295,000 n/a 0.0%
Community West Credit Union $925,000 $280,000 -69.7% 0.0%
Frankenmuth Credit Union $530,000 $275,000 -48.1% 0.0%
North American Savings Bank, F.S.B. $275,000 $265,000 -3.6% 0.0%
PENTAGON FEDERAL CREDIT UNION $210,000 $265,000 26.2% 0.0%
EMM LOANS LLC $260,000 n/a 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $385,000 $260,000 -32.5% 0.0%
Ameris Bank $115,000 $235,000 104.3% 0.0%
Preston Home Loans Inc $235,000 n/a 0.0%
Residential Mortgage Solutions, Inc. $235,000 n/a 0.0%
PHH Mortgage Corporation $250,000 $220,000 -12.0% 0.0%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $215,000 n/a 0.0%
EVERETT FINANCIAL, INC. $780,000 $215,000 -72.4% 0.0%
LAND HOME FINANCIAL SERVICES, INC. $215,000 n/a 0.0%
Sterling Bank and Trust, FSB $215,000 n/a 0.0%
First Merchants Bank $210,000 n/a 0.0%
Truist Bank $210,000 n/a 0.0%
First Federal Bank $195,000 n/a 0.0%
Arvest Bank $190,000 n/a 0.0%
West Michigan Credit Union $380,000 $190,000 -50.0% 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $175,000 n/a 0.0%
POLARIS HOME FUNDING CORP. $640,000 $165,000 -74.2% 0.0%
SUMMIT FUNDING, INC. $265,000 $165,000 -37.7% 0.0%
Brighton Bank $155,000 n/a 0.0%
Discover Bank $260,000 $155,000 -40.4% 0.0%
Low VA Rates, LLC $395,000 $155,000 -60.8% 0.0%
The Union Bank Company $155,000 n/a 0.0%
FIRST STATE MORTGAGE SERVICES, LLC $145,000 $145,000 0.0% 0.0%
GENISYS $370,000 $145,000 -60.8% 0.0%
HIWAY $145,000 n/a 0.0%
ALLIANT CREDIT UNION $140,000 n/a 0.0%
PLANET HOME LENDING, LLC $350,000 $140,000 -60.0% 0.0%
First Federal Savings Bank $135,000 n/a 0.0%
INLAND BANK & TRUST $135,000 n/a 0.0%
SUMMIT HOME MORTGAGE, LLC $135,000 n/a 0.0%
Isabella Bank $760,000 $125,000 -83.6% 0.0%
OCEANSIDE MORTGAGE COMPANY $525,000 $125,000 -76.2% 0.0%
SPRING EQ, LLC $95,000 $120,000 26.3% 0.0%
DAS Acquisition Company, LLC $115,000 n/a 0.0%
MORIA DEVELOPMENT, INC. $115,000 n/a 0.0%
First Western Federal Savings Bank $105,000 n/a 0.0%
TEMPLE VIEW CAPITAL FUNDING, LP $105,000 n/a 0.0%
Watermark Capital, Inc. $105,000 n/a 0.0%
Auto Club Trust, FSB $95,000 n/a 0.0%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $95,000 n/a 0.0%
FIRST HERITAGE FINANCIAL, LLC $95,000 n/a 0.0%
GENEVA FINANCIAL, LLC $95,000 n/a 0.0%
GUARANTY HOME MORTGAGE CORPORATION $95,000 n/a 0.0%
THRIVE MORTGAGE, LLC $95,000 n/a 0.0%
TOTAL MORTGAGE SERVICES, LLC $95,000 n/a 0.0%
VIBE CREDIT UNION $95,000 n/a 0.0%
BECKAM FUNDING CORP. $85,000 n/a 0.0%
FAY SERVICING, LLC $85,000 n/a 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $45,000 $85,000 88.9% 0.0%
1st Source Bank $75,000 n/a 0.0%
LAFCU $65,000 n/a 0.0%
NATIONS RELIABLE LENDING, LLC $195,000 $65,000 -66.7% 0.0%
Nicolet National Bank $55,000 n/a 0.0%
State Department Federal Credit Union $55,000 n/a 0.0%
ADVIA $45,000 n/a 0.0%
KENT COUNTY CREDIT UNION $45,000 n/a 0.0%
Centier Bank $150,000 $35,000 -76.7% 0.0%
FirstBank $495,000 $35,000 -92.9% 0.0%
Oxford Bank & Trust $15,000 n/a 0.0%

MUSKEGON's top lender by overall market share is LAKE MICHIGAN CREDIT UNION, with 14.9% market share. In second place, with 7.5%, is QUICKEN LOANS, LLC, having originated $98,560,000 in loans. In third place, with 7.3%, is MORTGAGE 1 INCORPORATED, having originated $96,760,000 in loans. In third place, with 5.3%, is Fifth Third Bank, having originated $69,540,000 in loans. In third place, with 5.2%, is The Huntington National Bank, having originated $69,015,000 in loans.



MUSKEGON Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - MUSKEGON (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 $149,900 (13.2%) $236,058 (-14.5%) 0.55 433
2018-02-01 $164,900 (22.2%) $251,336 (-7.4%) 0.59 392
2018-03-01 $179,900 (22.1%) $267,346 (-4.0%) 0.62 352
2018-04-01 $169,900 (13.3%) $268,116 (9.6%) 0.57 364
2018-05-01 $182,450 (21.7%) $267,986 (13.9%) 0.61 390
2018-06-01 $179,900 (16.1%) $265,813 (12.0%) 0.60 433
2018-07-01 $164,900 (6.5%) $249,914 (6.3%) 0.55 491
2018-08-01 $161,200 (6.8%) $245,331 (6.5%) 0.54 531
2018-09-01 $154,900 (3.3%) $239,980 (5.1%) 0.52 550
2018-10-01 $163,700 (9.2%) $238,387 (0.0%) 0.55 567
2018-11-01 $159,450 (6.4%) $233,399 (-4.3%) 0.53 530
2018-12-01 $161,900 (11.7%) $234,361 (-0.7%) 0.55 487
2019-01-01 $161,950 (8.0%) $229,076 (-3.0%) 0.56 447
2019-02-01 $172,450 (4.6%) $242,861 (-3.4%) 0.58 409
2019-03-01 $183,714 (2.1%) $248,015 (-7.2%) 0.60 382
2019-04-01 $192,000 (13.0%) $248,894 (-7.2%) 0.60 359
2019-05-01 $209,500 (14.8%) $258,106 (-3.7%) 0.65 342
2019-06-01 $219,900 (22.2%) $315,857 (18.8%) 0.68 362
2019-07-01 $207,400 (25.8%) $300,448 (20.2%) 0.64 403
2019-08-01 $194,371 (20.6%) $280,011 (14.1%) 0.61 460
2019-09-01 $184,950 (19.4%) $267,268 (11.4%) 0.59 505
2019-10-01 $179,900 (9.9%) $249,759 (4.8%) 0.57 541
2019-11-01 $173,000 (8.5%) $249,534 (6.9%) 0.56 511
2019-12-01 $162,400 (0.3%) $249,645 (6.5%) 0.54 472
2020-01-01 $165,000 (1.9%) $259,748 (13.4%) 0.55 405
2020-02-01 $170,000 (-1.4%) $265,156 (9.2%) 0.55 409
2020-03-01 $184,950 (0.7%) $277,362 (11.8%) 0.58 399
2020-04-01 $208,400 (8.5%) $287,698 (15.6%) 0.65 359
2020-05-01 $215,000 (2.6%) $314,385 (21.8%) 0.65 354
2020-06-01 $239,950 (9.1%) $337,325 (6.8%) 0.70 302
2020-07-01 $241,400 (16.4%) $336,088 (11.9%) 0.69 302
2020-08-01 $234,900 (20.9%) $343,741 (22.8%) 0.67 293
2020-09-01 $234,450 (26.8%) $322,202 (20.6%) 0.67 277
2020-10-01 $209,900 (16.7%) $301,985 (20.9%) 0.60 299
2020-11-01 $192,450 (11.2%) $286,452 (14.8%) 0.55 273
2020-12-01 $189,900 (16.9%) $263,637 (5.6%) 0.56 217
2021-01-01 $184,900 (12.1%) $267,553 (3.0%) 0.54 173
2021-02-01 $200,000 (17.7%) $266,765 (0.6%) 0.58 131
2021-03-01 $192,400 (4.0%) $271,272 (-2.2%) 0.54 139
2021-04-01 $197,450 (-5.3%) $293,171 (1.9%) 0.53 129
2021-05-01 $200,000 (-7.0%) $279,083 (-11.2%) 0.53 151
2021-06-01 $207,450 (-13.5%) $277,294 (-17.8%) 0.54 179
2021-07-01 $210,000 (-13.0%) $265,867 (-20.9%) 0.55 213
2021-08-01 $199,900 (-14.9%) $276,530 (-19.6%) 0.53 232
2021-09-01 $195,000 (-16.8%) $282,807 (-12.2%) 0.51 243
2021-10-01 $204,900 (-2.4%) $297,625 (-1.4%) 0.54 233
2021-11-01 $189,200 (-1.7%) $290,934 (1.6%) 0.50 212
2021-12-01 $189,900 (0.0%) $293,401 (11.3%) 0.51 177
2022-01-01 $199,900 (8.1%) $328,640 (22.8%) 0.53 123
2022-02-01 $219,400 (9.7%) $339,029 (27.1%) 0.56 117
2022-03-01 $199,950 (3.9%) $318,814 (17.5%) 0.49 140
2022-04-01 $204,900 (3.8%) $309,024 (5.4%) 0.48 136
2022-05-01 $209,900 (5.0%) $307,971 (10.4%) 0.47 190
2022-06-01 $232,450 (12.1%) $301,840 (8.9%) 0.52 218
MUSKEGON's median listing price for 2022-06-01 was $232,450, a difference of $25,000 (12.1%) versus the prior year and $22,550 versus the prior month.

MUSKEGON's median listing price comes in at 52% of the national average.

MUSKEGON's average listing price for 2022-06-01 was $301,840, a difference of $24,546 (8.9%) versus the prior year and $-6,131 versus the prior month.

For the 2022-06-01 period, MUSKEGON had 218 MLS listings, a difference of 28 listings (15%) versus the prior month and 39 listings (22%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - MUSKEGON (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 80 days 1,610 sqft
2018-02-01 75 days 1,639 sqft
2018-03-01 66 days 1,698 sqft
2018-04-01 55 days 1,657 sqft
2018-05-01 54 days 1,682 sqft
2018-06-01 39 days 1,731 sqft
2018-07-01 46 days 1,652 sqft
2018-08-01 44 days 1,645 sqft
2018-09-01 52 days 1,641 sqft
2018-10-01 53 days 1,645 sqft
2018-11-01 54 days 1,613 sqft
2018-12-01 63 days 1,582 sqft
2019-01-01 78 days 1,566 sqft
2019-02-01 79 days 1,611 sqft
2019-03-01 67 days 1,655 sqft
2019-04-01 57 days 1,674 sqft
2019-05-01 52 days 1,800 sqft
2019-06-01 37 days 1,830 sqft
2019-07-01 37 days 1,812 sqft
2019-08-01 38 days 1,774 sqft
2019-09-01 45 days 1,734 sqft
2019-10-01 45 days 1,725 sqft
2019-11-01 58 days 1,666 sqft
2019-12-01 71 days 1,600 sqft
2020-01-01 76 days 1,600 sqft
2020-02-01 70 days 1,538 sqft
2020-03-01 53 days 1,550 sqft
2020-04-01 66 days 1,568 sqft
2020-05-01 74 days 1,652 sqft
2020-06-01 69 days 1,651 sqft
2020-07-01 50 days 1,652 sqft
2020-08-01 48 days 1,621 sqft
2020-09-01 52 days 1,560 sqft
2020-10-01 49 days 1,526 sqft
2020-11-01 48 days 1,511 sqft
2020-12-01 59 days 1,460 sqft
2021-01-01 60 days 1,449 sqft
2021-02-01 44 days 1,388 sqft
2021-03-01 38 days 1,381 sqft
2021-04-01 38 days 1,431 sqft
2021-05-01 36 days 1,475 sqft
2021-06-01 33 days 1,505 sqft
2021-07-01 34 days 1,511 sqft
2021-08-01 33 days 1,534 sqft
2021-09-01 38 days 1,519 sqft
2021-10-01 42 days 1,522 sqft
2021-11-01 48 days 1,470 sqft
2021-12-01 52 days 1,426 sqft
2022-01-01 56 days 1,422 sqft
2022-02-01 47 days 1,460 sqft
2022-03-01 34 days 1,461 sqft
2022-04-01 32 days 1,520 sqft
2022-05-01 30 days 1,490 sqft
2022-06-01 32 days 1,556 sqft
MUSKEGON's median listing age (time on market) for 2022-06-01 was 32 days. This is -5% shorter than the same period one year ago.

MUSKEGON's median square footage for active listings during the 2022-06-01 period was 1,556 sqft. One year prior, the average listing was 1,505 sqft.

MUSKEGON, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,870 $566,090,000 $197,244
Refi 2,683 $404,705,000 $150,840
Cash Out Refi 1,977 $300,565,000 $152,031
Home Improvement 347 $24,705,000 $71,196
Other 227 $21,185,000 $93,326

Muskegon's most frequently cited loan purpose was Home Purchase, with 2,870 originations. The 2nd most popular reason was Refi, with 2,683 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 3,350 $578,370,000 $172,648
2.5-3% 2,930 $485,680,000 $165,761
<2.5% 1,033 $177,755,000 $172,076
4-5% 422 $45,010,000 $106,659
5-6% 100 $5,240,000 $52,400
Over 8% 83 $4,555,000 $54,880
7-8% 44 $1,880,000 $42,727
6-7% 36 $2,420,000 $67,222

During 2021, Muskegon's most frequently originated rate bucket was 3-4%, with 3,350 originations.

Loan Sizing (MUSKEGON, MI MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 3,976 $573,150,000 $144,152
$100,000 or less 2,311 $153,455,000 $66,402
$200k-400k 1,593 $410,415,000 $257,637
$400k-600k 165 $79,095,000 $479,364
$600k-1000k 45 $34,965,000 $777,000
$Over $1MM 14 $66,170,000 $4,726,429

MUSKEGON's loan sizing saw the bucket of loans from $100k-200k with 3,976 originations, totaling $573,150,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,746 $506,420,000 $184,421
60-80% 2,618 $487,240,000 $186,112
40-60% 1,326 $179,480,000 $135,354
20-40% 701 $63,615,000 $90,749
Under 20% 330 $12,870,000 $39,000
Over 100% 36 $9,020,000 $250,556

MUSKEGON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,746 originations, totaling $506,420,000 in origination value.