MUSKEGON Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Muskegon averaged 6.79% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

The average rate for the prior week (2024-04-04) was 6.93% and one month ago for the week of 2024-03-07, the average rate was 6.79%.

Muskegon's average rate one year ago was 6.39%.

For refis of the same type during the week of 2024-04-11, the average rate was 7.95%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
Muskegon 30 Year Fixed Rate 2024-04-11 6.79%
Muskegon 30 Year Fixed Rate Refi 2024-04-11 7.95%
Muskegon 15 Year Fixed Rate 2024-04-11 6.58%
Muskegon 15 Year Fixed Rate Refi 2024-04-11 6.36%
Muskegon 30 Year FHA 2024-04-11 6.96%
Muskegon 30 Year FHA Refi 2024-04-11 6.84%
Muskegon 30 Year USDA 2024-04-11 6.61%
Muskegon 30 Year USDA Refi 2024-04-11 6.61%
Muskegon 30 Year VA 2024-04-11 6.71%
Muskegon 30 Year VA Refi 2024-04-11 6.37%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
LAKE MICHIGAN CREDIT UNION 276 6.72% $3,286
MORTGAGE 1 INCORPORATED 121 7.20% $4,573
UNITED WHOLESALE MORTGAGE, LLC 102 7.17% $5,030
VAN DYK MORTGAGE CORPORATION 94 6.97% $3,636
QUICKEN LOANS, LLC 83 6.78% $5,831
Fifth Third Bank 59 6.91% $3,356
ChoiceOne Bank 53 6.96% $2,775
CONSUMERS 52 7.09% $3,678
TOWNE MORTGAGE COMPANY 43 6.86% $3,343
The Huntington National Bank 42 6.92% $3,317
MMS MORTGAGE SERVICES, LTD. 30 6.61% $4,054
Neighborhood Loans, Inc. 30 6.93% $5,140
JPMorgan Chase Bank 23 6.66% $2,883
LEADERONE FINANCIAL CORPORATION 21 6.87% $4,304
T2 FINANCIAL LLC 16 7.02% $6,200
Independent Bank 16 6.88% $3,281
ARK-LA-TEX FINANCIAL SERVICES, LLC. 16 7.03% $5,532
PNC Bank 13 6.48% $4,120
UNION HOME MORTGAGE CORP. 11 7.20% $6,197
CHURCHILL MORTGAGE CORPORATION 10 7.24% $4,618
NEWREZ LLC 9 7.47% $4,969
GUILD MORTGAGE COMPANY 8 7.09% $4,118
MEMBER FIRST MORTGAGE, LLC 8 6.50% $3,066
FIRST COMMUNITY MORTGAGE, INC. 7 6.96% $5,124
The Dart Bank 7 6.89% $4,433
SUCCESS MORTGAGE PARTNERS, INC. 7 6.55% $7,438
Northpointe Bank 7 6.86% $6,137
MICHIGAN MUTUAL, INC. 7 7.05% $4,952
Mercantile Bank of Michigan 7 6.82% $5,229
LOANDEPOT.COM, LLC 7 7.09% $7,561
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 7.73% $5,328
NORTHERN MORTGAGE SERVICES, LLC 6 6.81% $6,632
Comerica Bank 6 6.54% $2,458
Morgan Stanley Private Bank 5 6.12% $3,229
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 5 6.63% $3,507
MORTGAGE CENTER L.C 5 6.35% $3,476
NAVY FEDERAL CREDIT UNION 5 6.65% $5,897
Wells Fargo Bank 4 6.84% $3,493
ARBOR FINANCIAL CREDIT UNION 4 6.81% $3,793
Bank of America 4 6.38% $3,554
GSF Mortgage Corporation 4 6.20% $5,125
GUARANTEED RATE, INC. 4 7.25% $3,200
MICHIGAN FIRST CREDIT UNION 4 7.34% $3,324
MUTUAL OF OMAHA MORTGAGE, INC. 4 6.97% $6,463
ROYAL UNITED MORTGAGE LLC 4 7.34% $7,556
The Loan Store, Inc. 4 7.00% $5,495
AAC Credit Union 4 7.38% $2,273
Citibank 3 6.42% $6,133
DFCU FINANCIAL 3 6.92% $5,700
UNITED 3 6.79% $2,962
Old National Bank 3 7.04% $3,280
AMERISAVE MORTGAGE CORPORATION 3 6.13% $5,365
PLAZA HOME MORTGAGE, INC. 3 6.38% $5,110
BETTER MORTGAGE CORPORATION 3 6.13% $5,028
CROSSCOUNTRY MORTGAGE, LLC 3 7.17% $4,926
Mortgage Research Center, LLC 2 6.56% $7,782
Paramount Residential Mortgage Group, Inc. 2 6.38% $5,178
Ally Bank 2 6.44% $5,194
PENNYMAC LOAN SERVICES, LLC 2 6.31% $10,567
Macatawa Bank 2 5.38% $3,647
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.50% $5,464
Mr. Cooper ( Nationstar Mortgage ) 2 6.93% $7,616
Preston Home Loans Inc 2 7.25% $3,238
Horizon Bank 2 7.00% $3,047
ENVOY MORTGAGE, LTD 2 6.69% $3,196
Discover Bank 2 6.49% $0
CREDIT UNION ONE 2 6.88% $1,358
CONTOUR MORTGAGE CORPORATION 2 6.19% $4,515
RUOFF MORTGAGE COMPANY, INC. 2 6.38% $3,162
Community West Credit Union 2 7.63% $6,413
AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.75% $4,778
BM Real Estate Services, Inc. 1 7.63% $7,800
OAK MORTGAGE, LLC 1 6.50% $3,049
PHH Mortgage Corporation 1 6.88% $3,199
Plains Commerce Bank 1 6.99% $6,397
Prosperity Home Mortgage, LLC 1 7.63% $8,246
BAY EQUITY LLC 1 6.50% $4,758
Quontic Bank 1 9.75% $9,862
RELIANCE FIRST CAPITAL, LLC 1 6.75% $9,473
U.S. Bank 1 7.50% $4,280
Barrington Bank & Trust Company, N.A. 1 8.00% $3,062
Arvest Bank 1 6.50% $22,805
ACADEMY MORTGAGE CORPORATION 1 6.38% $5,672
The State Bank 1 6.38% $4,603
THRIVE MORTGAGE, LLC 1 7.75% $3,607
TOP FLITE FINANCIAL, INC. 1 7.50% $10,005
Truist 1 6.60% $2,536
Allied First Bank,sb 1 6.49% $2,606
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $3,177
HOMESTAR FINANCIAL CORPORATION 1 5.88% $3,667
Honor Credit Union 1 7.88% $2,767
BROKER SOLUTIONS, INC. 1 6.25% $4,070
Flagstar Bank, FSB 1 7.38% $3,288
Isabella Bank 1 5.75% $2,472
First Merchants Bank 1 7.13% $5,343
J. VIRGIL, INC. 1 7.50% $6,269
KENT COUNTY CREDIT UNION 1 6.75% $7,707
First Citizens National Bank 1 7.00% $2,792
LAKEVIEW LOAN SERVICING, LLC 1 6.99% $6,873
LENDSURE MORTGAGE CORP. 1 8.75% $17,807
Dort Financial Credit Union 1 5.50% $2,425
LOANPAL, LLC 1 8.13% $4,481
Meijer Credit Union 1 8.13% $3,102
United Bank of Michigan 1 8.50% $4,126
MICHIGAN ONE COMMUNITY Credit Union 1 6.50% $5,497
MICHIGAN SCHOOLS AND GOVERNMENT 1 4.50% $2,245
Citizens Bank 1 6.88% $3,467
MOVEMENT MORTGAGE, LLC 1 6.56% $5,621
Adventure Credit Union 1 6.75% $3,064
NATIONS DIRECT MORTGAGE, LLC 1 9.63% $7,995
Central Bank 1 6.25% $8,796
CARDINAL FINANCIAL 1 7.50% $8,284
CALIBER HOME LOANS, INC. 1 6.88% $4,557
NEXERA HOLDING LLC 1 7.88% $31,923
I. H. MISSISSIPPI VALLEY CREDIT UNION 1 7.50% $3,330

MUSKEGON Average Closing Costs & Other Stats

MUSKEGON, MI's 115 lenders originated 3,894 loans during 2023. The total origination value was $637,840,000, with an average loan value of $163,801.

MUSKEGON's average closing costs are $4,025.

The top MUSKEGON lender as defined by loan originations is LAKE MICHIGAN CREDIT UNION, with 276 loans originated. Their average total fees are $3,286, which is $1,287 lower than the next largest lender, MORTGAGE 1 INCORPORATED.

The lowest fee MUSKEGON lenders (with over 10 loans originated) are ChoiceOne Bank ($2,775), JPMorgan Chase Bank ($2,883), Independent Bank ($3,281), LAKE MICHIGAN CREDIT UNION ($3,286) and The Huntington National Bank ($3,317).

The lowest rate MUSKEGON lenders (with over 10 loans originated) are PNC Bank (6.48%), MMS MORTGAGE SERVICES, LTD. (6.61%), JPMorgan Chase Bank (6.66%), LAKE MICHIGAN CREDIT UNION (6.72%) and QUICKEN LOANS, LLC (6.78%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
LAKE MICHIGAN CREDIT UNION $137,000,000 $112,645,000 -17.8% 17.7%
MORTGAGE 1 INCORPORATED $58,990,000 $49,050,000 -16.9% 7.7%
UNITED WHOLESALE MORTGAGE, LLC $29,975,000 $37,565,000 25.3% 5.9%
QUICKEN LOANS, LLC $49,410,000 $35,180,000 -28.8% 5.5%
The Huntington National Bank $41,160,000 $31,925,000 -22.4% 5.0%
VAN DYK MORTGAGE CORPORATION $43,595,000 $27,495,000 -36.9% 4.3%
Fifth Third Bank $40,770,000 $26,790,000 -34.3% 4.2%
ChoiceOne Bank $20,140,000 $21,535,000 6.9% 3.4%
TOWNE MORTGAGE COMPANY $22,125,000 $13,265,000 -40.0% 2.1%
CONSUMERS $12,920,000 $13,145,000 1.7% 2.1%
Independent Bank $14,045,000 $12,485,000 -11.1% 2.0%
Mortgage Research Center, LLC $10,800,000 $12,120,000 12.2% 1.9%
Neighborhood Loans, Inc. $14,755,000 $11,300,000 -23.4% 1.8%
Isabella Bank $9,600,000 $10,125,000 5.5% 1.6%
PNC Bank $23,350,000 $9,185,000 -60.7% 1.4%
LEADERONE FINANCIAL CORPORATION $8,730,000 n/a 1.4%
First National Bank of Michigan $7,670,000 n/a 1.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $6,285,000 $7,275,000 15.8% 1.1%
MMS MORTGAGE SERVICES, LTD. $3,430,000 $6,570,000 91.5% 1.0%
T2 FINANCIAL LLC $6,735,000 $6,565,000 -2.5% 1.0%
Mercantile Bank of Michigan $3,475,000 $6,340,000 82.4% 1.0%
Best Financial Credit Union $4,130,000 $5,145,000 24.6% 0.8%
United Bank of Michigan $935,000 $5,030,000 438.0% 0.8%
FIRST COMMUNITY MORTGAGE, INC. $770,000 $4,325,000 461.7% 0.7%
Comerica Bank $13,190,000 $4,320,000 -67.2% 0.7%
Adventure Credit Union $1,285,000 $3,965,000 208.6% 0.6%
SUCCESS MORTGAGE PARTNERS, INC. $4,830,000 $3,860,000 -20.1% 0.6%
JPMorgan Chase Bank $9,210,000 $3,690,000 -59.9% 0.6%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $2,230,000 $3,505,000 57.2% 0.5%
NAVY FEDERAL CREDIT UNION $2,880,000 $3,405,000 18.2% 0.5%
UNION HOME MORTGAGE CORP. $3,605,000 $3,250,000 -9.8% 0.5%
The Dart Bank $2,305,000 $3,215,000 39.5% 0.5%
TRIAD FINANCIAL SERVICES, INC. $3,050,000 $3,075,000 0.8% 0.5%
LOANDEPOT.COM, LLC $5,870,000 $3,055,000 -48.0% 0.5%
NEWREZ LLC $2,500,000 $2,935,000 17.4% 0.5%
Northpointe Bank $6,040,000 $2,855,000 -52.7% 0.4%
PENNYMAC LOAN SERVICES, LLC $3,630,000 $2,540,000 -30.0% 0.4%
GUILD MORTGAGE COMPANY $2,535,000 n/a 0.4%
Macatawa Bank $3,555,000 $2,530,000 -28.8% 0.4%
Old National Bank $1,540,000 $2,440,000 58.4% 0.4%
West Michigan Community Bank $2,505,000 $2,320,000 -7.4% 0.4%
FREEDOM MORTGAGE CORPORATION $4,180,000 $2,265,000 -45.8% 0.4%
CHURCHILL MORTGAGE CORPORATION $3,680,000 $2,165,000 -41.2% 0.3%
LENDINGHOME FUNDING CORPORATION $1,120,000 $2,160,000 92.9% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $6,630,000 $2,120,000 -68.0% 0.3%
GreenStone Farm Credit Services, FLCA $1,970,000 $2,080,000 5.6% 0.3%
Family Financial Credit Union $945,000 $2,065,000 118.5% 0.3%
NORTHERN MORTGAGE SERVICES, LLC $3,435,000 $1,905,000 -44.5% 0.3%
Carrington Mortgage Services, LLC $3,300,000 $1,895,000 -42.6% 0.3%
GUARANTEED RATE, INC. $4,325,000 $1,860,000 -57.0% 0.3%
MICHIGAN MUTUAL, INC. $1,305,000 $1,835,000 40.6% 0.3%
AMERISAVE MORTGAGE CORPORATION $2,510,000 $1,805,000 -28.1% 0.3%
BROKER SOLUTIONS, INC. $2,545,000 $1,775,000 -30.3% 0.3%
Morgan Stanley Private Bank $145,000 $1,745,000 1,103.4% 0.3%
Citibank $115,000 $1,605,000 1,295.7% 0.3%
Flagstar Bank, FSB $3,945,000 $1,605,000 -59.3% 0.3%
MEMBER FIRST MORTGAGE, LLC $3,390,000 $1,600,000 -52.8% 0.3%
Bank of America $1,670,000 $1,575,000 -5.7% 0.2%
21ST MORTGAGE CORPORATION $1,365,000 $1,550,000 13.6% 0.2%
CROSSCOUNTRY MORTGAGE, LLC $1,450,000 $1,550,000 6.9% 0.2%
Paramount Residential Mortgage Group, Inc. $85,000 $1,510,000 1,676.5% 0.2%
AAC Credit Union $1,345,000 $1,490,000 10.8% 0.2%
Honor Credit Union $940,000 $1,455,000 54.8% 0.2%
The Shelby State Bank $5,460,000 $1,390,000 -74.5% 0.2%
Discover Bank $585,000 $1,375,000 135.0% 0.2%
Horizon Bank $2,760,000 $1,375,000 -50.2% 0.2%
MORTGAGE CENTER L.C $2,605,000 $1,360,000 -47.8% 0.2%
Muskegon Co Op Federal Credit Union $1,330,000 n/a 0.2%
CREDIT UNION ONE $1,225,000 $1,295,000 5.7% 0.2%
First Merchants Bank $1,730,000 $1,295,000 -25.1% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $990,000 $1,245,000 25.8% 0.2%
GSF Mortgage Corporation $235,000 $1,230,000 423.4% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $795,000 $1,205,000 51.6% 0.2%
COMMUNITY CHOICE CREDIT UNION $1,755,000 $1,160,000 -33.9% 0.2%
Figure Lending LLC $880,000 $1,120,000 27.3% 0.2%
GVC MORTGAGE, INC. $335,000 $1,090,000 225.4% 0.2%
ENVOY MORTGAGE, LTD $6,480,000 $1,085,000 -83.3% 0.2%
NEW DAY FINANCIAL, LLC $1,705,000 $1,050,000 -38.4% 0.2%
The Federal Savings Bank $1,825,000 $995,000 -45.5% 0.2%
TOP FLITE FINANCIAL, INC. $1,630,000 $990,000 -39.3% 0.2%
Wells Fargo Bank $2,910,000 $985,000 -66.2% 0.2%
HOMESTAR FINANCIAL CORPORATION $975,000 n/a 0.2%
MICHIGAN FIRST CREDIT UNION $1,700,000 $890,000 -47.6% 0.1%
Citizens Bank $940,000 $885,000 -5.9% 0.1%
GERBER FEDERAL CREDIT UNION $1,640,000 $870,000 -47.0% 0.1%
LAKEVIEW LOAN SERVICING, LLC $1,955,000 $865,000 -55.8% 0.1%
CARDINAL FINANCIAL $535,000 $860,000 60.7% 0.1%
ARBOR FINANCIAL CREDIT UNION $630,000 $850,000 34.9% 0.1%
NEXERA HOLDING LLC $105,000 $845,000 704.8% 0.1%
PLAZA HOME MORTGAGE, INC. $4,825,000 $820,000 -83.0% 0.1%
USAA Federal Savings Bank $830,000 $775,000 -6.6% 0.1%
DFCU FINANCIAL $1,150,000 $755,000 -34.3% 0.1%
ACADEMY MORTGAGE CORPORATION $370,000 $730,000 97.3% 0.1%
Plains Commerce Bank $285,000 $730,000 156.1% 0.1%
BETTER MORTGAGE CORPORATION $1,000,000 $705,000 -29.5% 0.1%
ZILLOW HOME LOANS, LLC $720,000 $695,000 -3.5% 0.1%
Arvest Bank $675,000 n/a 0.1%
J. VIRGIL, INC. $610,000 $675,000 10.7% 0.1%
Community West Credit Union $220,000 $670,000 204.5% 0.1%
The Loan Store, Inc. $670,000 n/a 0.1%
Preston Home Loans Inc $430,000 $655,000 52.3% 0.1%
CLEARPATH LENDING $680,000 $640,000 -5.9% 0.1%
RELIANCE FIRST CAPITAL, LLC $290,000 $635,000 119.0% 0.1%
Ally Bank $545,000 $630,000 15.6% 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $1,285,000 $600,000 -53.3% 0.1%
UNITED $1,205,000 $600,000 -50.2% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $550,000 $570,000 3.6% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $295,000 $560,000 89.8% 0.1%
MICHIGAN SCHOOLS AND GOVERNMENT $550,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $680,000 $540,000 -20.6% 0.1%
Equity Prime Mortgage LLC $5,040,000 $525,000 -89.6% 0.1%
U.S. Bank $1,075,000 $505,000 -53.0% 0.1%
LENDSURE MORTGAGE CORP. $495,000 n/a 0.1%
MOVEMENT MORTGAGE, LLC $490,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $890,000 $490,000 -44.9% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $760,000 $485,000 -36.2% 0.1%
Meijer Credit Union $285,000 $485,000 70.2% 0.1%
AmeriHome Mortgage Company, LLC $1,295,000 $480,000 -62.9% 0.1%
Eaton Community Bank $470,000 n/a 0.1%
CALIBER HOME LOANS, INC. $7,350,000 $430,000 -94.1% 0.1%
Grand River Bank $680,000 $430,000 -36.8% 0.1%
ALL IN $425,000 n/a 0.1%
SUN WEST MORTGAGE COMPANY, INC. $215,000 $420,000 95.3% 0.1%
CONTOUR MORTGAGE CORPORATION $135,000 $415,000 207.4% 0.1%
BAY EQUITY LLC $405,000 n/a 0.1%
Coastal Community Bank $400,000 n/a 0.1%
BM Real Estate Services, Inc. $1,125,000 $375,000 -66.7% 0.1%
The State Bank $165,000 $375,000 127.3% 0.1%
Dort Financial Credit Union $365,000 n/a 0.1%
LONGBRIDGE FINANCIAL, LLC $155,000 $365,000 135.5% 0.1%
MICHIGAN ONE COMMUNITY Credit Union $440,000 $365,000 -17.0% 0.1%
NATIONS DIRECT MORTGAGE, LLC $355,000 n/a 0.1%
RUOFF MORTGAGE COMPANY, INC. $1,015,000 $355,000 -65.0% 0.1%
Quontic Bank $335,000 n/a 0.1%
OAK MORTGAGE, LLC $305,000 $325,000 6.6% 0.1%
OCMBC, INC. $320,000 n/a 0.1%
Central Bank $295,000 n/a 0.0%
Lake Trust Credit Union $250,000 $275,000 10.0% 0.0%
AMCAP MORTGAGE, LTD. $270,000 n/a 0.0%
Allied First Bank,sb $265,000 n/a 0.0%
DELMAR FINANCIAL COMPANY $265,000 n/a 0.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $245,000 n/a 0.0%
My Personal Credit Union $375,000 $235,000 -37.3% 0.0%
FINANCIAL PLUS CREDIT UNION $230,000 n/a 0.0%
KENT COUNTY CREDIT UNION $225,000 n/a 0.0%
PLANET HOME LENDING, LLC $180,000 $205,000 13.9% 0.0%
Prosperity Home Mortgage, LLC $205,000 n/a 0.0%
Signature Federal Credit Union $205,000 n/a 0.0%
AMERICAN HERITAGE LENDING, INC. $145,000 $185,000 27.6% 0.0%
ROSS MORTGAGE CORPORATION $185,000 n/a 0.0%
PHH Mortgage Corporation $585,000 $180,000 -69.2% 0.0%
POLARIS HOME FUNDING CORP. $175,000 n/a 0.0%
Beeline Loans, Inc. $165,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $105,000 $165,000 57.1% 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $165,000 n/a 0.0%
SPRING EQ, LLC $110,000 $145,000 31.8% 0.0%
ELGA CREDIT UNION $135,000 n/a 0.0%
First Citizens National Bank $135,000 n/a 0.0%
Centier Bank $130,000 $130,000 0.0% 0.0%
CIVIC FINANCIAL SERVICES, LLC $865,000 $125,000 -85.5% 0.0%
LENDINGONE, LLC $620,000 $125,000 -79.8% 0.0%
Frankenmuth Credit Union $115,000 n/a 0.0%
Nations Lending Corporation $455,000 $115,000 -74.7% 0.0%
Axos Bank $105,000 n/a 0.0%
Carrollton Bank $105,000 n/a 0.0%
COMMUNITY FINANCIAL CREDIT UNION $105,000 n/a 0.0%
HOMEXPRESS MORTGAGE CORP. $105,000 n/a 0.0%
NETWORK CAPITAL FUNDING CORPORATION $65,000 $105,000 61.5% 0.0%
Notre Dame Federal Credit Union Corporation $105,000 n/a 0.0%
THRIVE MORTGAGE, LLC $105,000 n/a 0.0%
I. H. MISSISSIPPI VALLEY CREDIT UNION $75,000 n/a 0.0%
Truist $995,000 $65,000 -93.5% 0.0%
West Michigan Credit Union $65,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $1,540,000 $55,000 -96.4% 0.0%
CITIZENS EQUITY FIRST $25,000 $55,000 120.0% 0.0%
Deere Employees Credit Union $210,000 $55,000 -73.8% 0.0%
LOANPAL, LLC $535,000 $55,000 -89.7% 0.0%
Parda Federal Credit Union $55,000 n/a 0.0%
ADVIA $65,000 $45,000 -30.8% 0.0%
CHERRY CREEK MORTGAGE, LLC $35,000 n/a 0.0%
MID AMERICA MORTGAGE, INC. $35,000 n/a 0.0%
GENISYS $105,000 $25,000 -76.2% 0.0%

MUSKEGON's top lender by overall market share is LAKE MICHIGAN CREDIT UNION, with 17.7% market share. In second place, with 7.7%, is MORTGAGE 1 INCORPORATED, having originated $49,050,000 in loans. In third place, with 5.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $37,565,000 in loans. In fourth place, with 5.5%, is QUICKEN LOANS, LLC, having originated $35,180,000 in loans. In fifth place, with 5.0%, is The Huntington National Bank, having originated $31,925,000 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 (11.1%) $240,646 (-2.8%) 0.56 439
2018-02-01 $164,900 (22.2%) $256,099 (1.5%) 0.60 395
2018-03-01 $179,900 (21.0%) $272,687 (4.6%) 0.63 360
2018-04-01 $172,175 (14.9%) $271,315 (7.1%) 0.58 374
2018-05-01 $183,675 (18.2%) $270,623 (11.9%) 0.61 395
2018-06-01 $179,900 (14.6%) $267,568 (12.3%) 0.60 438
2018-07-01 $164,900 (6.5%) $251,741 (5.1%) 0.55 494
2018-08-01 $161,900 (5.0%) $246,666 (5.0%) 0.54 531
2018-09-01 $154,900 (3.3%) $241,272 (3.8%) 0.52 556
2018-10-01 $162,600 (8.5%) $239,960 (-0.3%) 0.55 573
2018-11-01 $157,700 (5.2%) $233,546 (-5.5%) 0.53 533
2018-12-01 $160,000 (6.7%) $233,817 (-2.7%) 0.55 489
2019-01-01 $161,950 (8.0%) $229,913 (-4.5%) 0.56 452
2019-02-01 $172,200 (4.4%) $242,884 (-5.2%) 0.58 412
2019-03-01 $183,121 (1.8%) $248,999 (-8.7%) 0.60 387
2019-04-01 $191,975 (11.5%) $251,005 (-7.5%) 0.61 366
2019-05-01 $209,925 (14.3%) $259,867 (-4.0%) 0.66 350
2019-06-01 $219,900 (22.2%) $317,974 (18.8%) 0.69 369
2019-07-01 $211,425 (28.2%) $302,124 (20.0%) 0.66 410
2019-08-01 $194,445 (20.1%) $278,339 (12.8%) 0.62 466
2019-09-01 $186,264 (20.3%) $262,067 (8.6%) 0.60 513
2019-10-01 $179,900 (10.6%) $250,534 (4.4%) 0.58 545
2019-11-01 $174,900 (10.9%) $250,063 (7.1%) 0.57 519
2019-12-01 $163,675 (2.3%) $251,438 (7.5%) 0.55 477
2020-01-01 $169,675 (4.8%) $261,550 (13.8%) 0.57 413
2020-02-01 $174,900 (1.6%) $266,556 (9.8%) 0.57 412
2020-03-01 $186,400 (1.8%) $279,193 (12.1%) 0.58 406
2020-04-01 $207,400 (8.0%) $287,990 (14.7%) 0.65 360
2020-05-01 $215,000 (2.4%) $305,819 (17.7%) 0.65 358
2020-06-01 $243,900 (10.9%) $338,076 (6.3%) 0.72 307
2020-07-01 $244,500 (15.6%) $344,794 (14.1%) 0.71 307
2020-08-01 $239,900 (23.4%) $362,562 (30.3%) 0.69 298
2020-09-01 $234,900 (26.1%) $337,954 (29.0%) 0.67 281
2020-10-01 $209,950 (16.7%) $306,432 (22.3%) 0.60 302
2020-11-01 $192,450 (10.0%) $290,705 (16.3%) 0.56 275
2020-12-01 $188,650 (15.3%) $261,977 (4.2%) 0.56 218
2021-01-01 $184,900 (9.0%) $267,870 (2.4%) 0.55 178
2021-02-01 $200,000 (14.4%) $278,278 (4.4%) 0.58 130
2021-03-01 $193,650 (3.9%) $279,046 (-0.1%) 0.55 140
2021-04-01 $196,900 (-5.1%) $300,294 (4.3%) 0.53 131
2021-05-01 $200,000 (-7.0%) $285,791 (-6.6%) 0.53 152
2021-06-01 $211,175 (-13.4%) $285,301 (-15.6%) 0.56 183
2021-07-01 $210,000 (-14.1%) $273,145 (-20.8%) 0.55 220
2021-08-01 $199,900 (-16.7%) $282,396 (-22.1%) 0.53 234
2021-09-01 $194,950 (-17.0%) $289,945 (-14.2%) 0.52 247
2021-10-01 $204,950 (-2.4%) $294,946 (-3.8%) 0.55 232
2021-11-01 $189,675 (-1.4%) $283,227 (-2.6%) 0.51 212
2021-12-01 $191,825 (1.7%) $285,431 (9.0%) 0.52 177
2022-01-01 $199,450 (7.9%) $319,953 (19.4%) 0.54 122
2022-02-01 $219,400 (9.7%) $324,331 (16.6%) 0.57 119
2022-03-01 $201,200 (3.9%) $321,952 (15.4%) 0.50 141
2022-04-01 $204,900 (4.1%) $310,214 (3.3%) 0.49 137
2022-05-01 $214,900 (7.5%) $311,658 (9.1%) 0.49 192
2022-06-01 $233,850 (10.7%) $308,988 (8.3%) 0.52 219
2022-07-01 $239,900 (14.2%) $304,472 (11.5%) 0.54 269
2022-08-01 $247,450 (23.8%) $311,849 (10.4%) 0.57 301
2022-09-01 $238,900 (22.5%) $305,692 (5.4%) 0.56 275
2022-10-01 $229,700 (12.1%) $300,907 (2.0%) 0.54 305
2022-11-01 $219,950 (16.0%) $297,048 (4.9%) 0.53 299
2022-12-01 $199,900 (4.2%) $264,299 (-7.4%) 0.49 279
2023-01-01 $192,450 (-3.5%) $262,692 (-17.9%) 0.48 237
2023-02-01 $196,000 (-10.7%) $266,914 (-17.7%) 0.47 201
2023-03-01 $218,675 (8.7%) $277,251 (-13.9%) 0.52 166
2023-04-01 $220,000 (7.4%) $298,155 (-3.9%) 0.51 161
2023-05-01 $235,475 (9.6%) $311,686 (0.0%) 0.53 167
2023-06-01 $277,400 (18.6%) $333,474 (7.9%) 0.62 213
2023-07-01 $309,995 (29.2%) $375,052 (23.2%) 0.70 263
2023-08-01 $287,400 (16.1%) $365,056 (17.1%) 0.66 304
2023-09-01 $299,900 (25.5%) $381,193 (24.7%) 0.70 345
2023-10-01 $279,950 (21.9%) $370,405 (23.1%) 0.66 382
2023-11-01 $269,925 (22.7%) $345,262 (16.2%) 0.64 378
2023-12-01 $259,900 (30.0%) $342,422 (29.6%) 0.63 355
2024-01-01 $254,900 (32.5%) $346,292 (31.8%) 0.62 344
2024-02-01 $249,900 (27.5%) $337,228 (26.3%) 0.60 328
2024-03-01 $301,500 (37.9%) $380,623 (37.3%) 0.71 281
MUSKEGON's median listing price for 2024-03-01 was $301,500, a difference of $82,825 (37.9%) versus the prior year and $51,600 versus the prior month.

MUSKEGON's median listing price comes in at 71% of the national average.

MUSKEGON's average listing price for 2024-03-01 was $380,623, a difference of $103,372 (37.3%) versus the prior year and $43,395 versus the prior month.

For the 2024-03-01 period, MUSKEGON had 281 MLS listings, a difference of -47 listings (-14%) versus the prior month and 115 listings (69%) 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 75 days 1,613 sqft
2018-02-01 67 days 1,639 sqft
2018-03-01 54 days 1,698 sqft
2018-04-01 45 days 1,660 sqft
2018-05-01 45 days 1,680 sqft
2018-06-01 36 days 1,710 sqft
2018-07-01 41 days 1,652 sqft
2018-08-01 39 days 1,648 sqft
2018-09-01 47 days 1,641 sqft
2018-10-01 50 days 1,647 sqft
2018-11-01 49 days 1,612 sqft
2018-12-01 60 days 1,574 sqft
2019-01-01 69 days 1,565 sqft
2019-02-01 70 days 1,607 sqft
2019-03-01 63 days 1,649 sqft
2019-04-01 52 days 1,677 sqft
2019-05-01 46 days 1,800 sqft
2019-06-01 32 days 1,830 sqft
2019-07-01 36 days 1,820 sqft
2019-08-01 36 days 1,774 sqft
2019-09-01 38 days 1,736 sqft
2019-10-01 41 days 1,720 sqft
2019-11-01 54 days 1,661 sqft
2019-12-01 66 days 1,593 sqft
2020-01-01 71 days 1,607 sqft
2020-02-01 65 days 1,539 sqft
2020-03-01 48 days 1,550 sqft
2020-04-01 61 days 1,566 sqft
2020-05-01 71 days 1,652 sqft
2020-06-01 58 days 1,652 sqft
2020-07-01 44 days 1,663 sqft
2020-08-01 44 days 1,621 sqft
2020-09-01 48 days 1,557 sqft
2020-10-01 46 days 1,521 sqft
2020-11-01 45 days 1,511 sqft
2020-12-01 57 days 1,456 sqft
2021-01-01 52 days 1,434 sqft
2021-02-01 38 days 1,379 sqft
2021-03-01 34 days 1,396 sqft
2021-04-01 34 days 1,423 sqft
2021-05-01 31 days 1,480 sqft
2021-06-01 28 days 1,510 sqft
2021-07-01 29 days 1,510 sqft
2021-08-01 29 days 1,535 sqft
2021-09-01 35 days 1,521 sqft
2021-10-01 38 days 1,522 sqft
2021-11-01 46 days 1,449 sqft
2021-12-01 50 days 1,426 sqft
2022-01-01 53 days 1,421 sqft
2022-02-01 44 days 1,448 sqft
2022-03-01 30 days 1,454 sqft
2022-04-01 29 days 1,476 sqft
2022-05-01 26 days 1,462 sqft
2022-06-01 30 days 1,562 sqft
2022-07-01 32 days 1,560 sqft
2022-08-01 36 days 1,565 sqft
2022-09-01 42 days 1,565 sqft
2022-10-01 39 days 1,565 sqft
2022-11-01 44 days 1,533 sqft
2022-12-01 45 days 1,502 sqft
2023-01-01 57 days 1,430 sqft
2023-02-01 55 days 1,429 sqft
2023-03-01 39 days 1,479 sqft
2023-04-01 36 days 1,563 sqft
2023-05-01 32 days 1,496 sqft
2023-06-01 29 days 1,521 sqft
2023-07-01 31 days 1,525 sqft
2023-08-01 38 days 1,534 sqft
2023-09-01 44 days 1,560 sqft
2023-10-01 43 days 1,547 sqft
2023-11-01 53 days 1,499 sqft
2023-12-01 58 days 1,484 sqft
2024-01-01 67 days 1,484 sqft
2024-02-01 70 days 1,484 sqft
2024-03-01 59 days 1,484 sqft
MUSKEGON's median listing age (time on market) for 2024-03-01 was 59 days. This is 53% longer than the same period one year ago.

MUSKEGON's median square footage for active listings during the 2024-03-01 period was 1,484 sqft. One year prior, the average listing was 1,479 sqft.

MUSKEGON, 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
49303 Muskegon, MI MSA $720 $780 $940 $1,230 $1,390
49318 Muskegon, MI MSA $810 $910 $1,150 $1,450 $1,560
49327 Muskegon, MI MSA $830 $910 $1,130 $1,450 $1,590
49330 Muskegon, MI MSA $900 $950 $1,150 $1,490 $1,660
49403 Muskegon, MI MSA $940 $1,050 $1,200 $1,600 $1,660
49404 Muskegon, MI MSA $740 $840 $950 $1,260 $1,310
49412 Muskegon, MI MSA $680 $780 $1,010 $1,260 $1,360
49415 Muskegon, MI MSA $740 $830 $1,070 $1,350 $1,440
49425 Muskegon, MI MSA $680 $770 $1,000 $1,250 $1,340
49437 Muskegon, MI MSA $600 $690 $890 $1,110 $1,200
49440 Muskegon, MI MSA $560 $640 $830 $1,030 $1,110
49441 Muskegon, MI MSA $700 $790 $1,030 $1,290 $1,380
49442 Muskegon, MI MSA $650 $740 $960 $1,200 $1,290
49443 Muskegon, MI MSA $670 $760 $990 $1,240 $1,330
49444 Muskegon, MI MSA $700 $790 $1,030 $1,290 $1,380
49445 Muskegon, MI MSA $720 $820 $1,060 $1,330 $1,420
49448 Muskegon, MI MSA $740 $810 $920 $1,220 $1,270
49451 Muskegon, MI MSA $740 $770 $980 $1,230 $1,320
49456 Muskegon, MI MSA $860 $970 $1,100 $1,460 $1,520
49457 Muskegon, MI MSA $700 $790 $1,030 $1,290 $1,380
49461 Muskegon, MI MSA $640 $730 $950 $1,190 $1,280

2022 Average & Median Rent Data Statistics
MUSKEGON, MI average 1BR rent: $815, median: $790
MUSKEGON, MI average 2BR rent: $1,018, median: $1,010
MUSKEGON, MI average 3BR rent: $1,296, median: $1,260

MUSKEGON, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,115 $448,715,000 $212,158
Cash Out Refi 534 $78,530,000 $147,060
Home Improvement 489 $33,055,000 $67,597
Other 443 $32,695,000 $73,804
Refi 313 $44,845,000 $143,275

Muskegon's most frequently cited loan purpose was Home Purchase, with 2,115 originations. The 2nd most popular reason was Cash Out Refi, with 534 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,398 $261,200,000 $186,838
7-8% 1,060 $191,320,000 $180,491
Over 8% 908 $73,070,000 $80,474
5-6% 397 $74,945,000 $188,778
4-5% 23 $6,995,000 $304,130
<2.5% 10 $570,000 $57,000
3-4% 5 $10,925,000 $2,185,000

During 2023, Muskegon's most frequently originated rate bucket was 6-7%, with 1,398 originations.

Loan Sizing (MUSKEGON, MI MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 1,412 $207,620,000 $147,040
$100,000 or less 1,385 $74,385,000 $53,708
$200k-400k 945 $249,155,000 $263,656
$400k-600k 111 $51,785,000 $466,532
$600k-1000k 28 $19,900,000 $710,714
$Over $1MM 13 $34,995,000 $2,691,923

MUSKEGON's loan sizing saw the bucket of loans from $100k-200k with 1,412 originations, totaling $207,620,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,554 $330,340,000 $212,574
60-80% 719 $151,055,000 $210,090
Under 20% 562 $22,320,000 $39,715
20-40% 537 $50,915,000 $94,814
40-60% 344 $49,140,000 $142,849
Over 100% 38 $9,510,000 $250,263

MUSKEGON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,554 originations, totaling $330,340,000 in origination value.