MUSKEGON Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Muskegon averaged
7%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.83% and
one month ago for the week of 2025-05-15, the
average rate was 6.9%.
Muskegon's average rate one year ago was 7.14%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.07%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Muskegon 30 Year Fixed Rate | 2025-06-18 | 7% |
| Muskegon 30 Year Fixed Rate Refi | 2025-06-18 | 7.07% |
| Muskegon 15 Year Fixed Rate | 2025-06-18 | 6.16% |
| Muskegon 15 Year Fixed Rate Refi | 2025-06-18 | 5.86% |
| Muskegon 30 Year FHA | 2025-06-18 | -0.01% |
| Muskegon 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Muskegon 30 Year USDA | 2025-06-18 | -0.2% |
| Muskegon 30 Year USDA Refi | 2025-06-18 | -0.1% |
| Muskegon 30 Year VA | 2025-06-18 | 0.13% |
| Muskegon 30 Year VA Refi | 2025-06-18 | -0.54% |
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.).
MUSKEGON Average Closing Costs & Other Stats
MUSKEGON, MI's 116 lenders originated 4,192
loans during 2024. The total origination value was $738,870,000, with an average loan value of
$176,257.
MUSKEGON's average closing costs are $4,194.
The top MUSKEGON lender as defined by loan originations is LAKE MICHIGAN CREDIT UNION, with
334 loans originated. Their average total fees are
$3,373, which is $1,713
lower than the next largest lender,
MORTGAGE 1 INCORPORATED.
The lowest fee MUSKEGON lenders (with over 10 loans originated) are
ARK-LA-TEX FINANCIAL SERVICES, LLC. ($2,180), JPMorgan Chase Bank ($2,603), ChoiceOne Bank ($2,769), Fifth Third Bank ($2,987) and TOWNE MORTGAGE COMPANY ($3,019).
The lowest rate MUSKEGON lenders (with over 10 loans originated) are
LAKE MICHIGAN CREDIT UNION (6.53%), MMS MORTGAGE SERVICES, LTD. (6.56%), Mercantile Bank of Michigan (6.67%), ChoiceOne Bank (6.68%) and Independent Bank (6.69%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| LAKE MICHIGAN CREDIT UNION | $112,645,000 | $132,450,000 | 17.6% | 17.9% |
| MORTGAGE 1 INCORPORATED | $49,050,000 | $54,735,000 | 11.6% | 7.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $37,565,000 | $50,755,000 | 35.1% | 6.9% |
| QUICKEN LOANS, LLC | $35,180,000 | $44,315,000 | 26.0% | 6.0% |
| The Huntington National Bank | $31,925,000 | $37,620,000 | 17.8% | 5.1% |
| ChoiceOne Bank | $21,535,000 | $35,065,000 | 62.8% | 4.7% |
| VAN DYK MORTGAGE CORPORATION | $27,495,000 | $33,935,000 | 23.4% | 4.6% |
| Fifth Third Bank | $26,790,000 | $28,785,000 | 7.4% | 3.9% |
| CONSUMERS | $13,145,000 | $15,785,000 | 20.1% | 2.1% |
| Mortgage Research Center, LLC | $12,120,000 | $12,650,000 | 4.4% | 1.7% |
| T2 FINANCIAL LLC | $6,565,000 | $12,525,000 | 90.8% | 1.7% |
| Independent Bank | $12,485,000 | $10,910,000 | -12.6% | 1.5% |
| PNC Bank | $9,185,000 | $9,955,000 | 8.4% | 1.3% |
| West Michigan Community Bank | $2,320,000 | $9,695,000 | 317.9% | 1.3% |
| LEADERONE FINANCIAL CORPORATION | $8,730,000 | $9,305,000 | 6.6% | 1.3% |
| TOWNE MORTGAGE COMPANY | $13,265,000 | $9,145,000 | -31.1% | 1.2% |
| MMS MORTGAGE SERVICES, LTD. | $6,570,000 | $7,500,000 | 14.2% | 1.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $7,275,000 | $7,415,000 | 1.9% | 1.0% |
| Best Financial Credit Union | $5,145,000 | $6,360,000 | 23.6% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $2,540,000 | $6,135,000 | 141.5% | 0.8% |
| Flagstar Bank, FSB | $1,605,000 | $6,115,000 | 281.0% | 0.8% |
| Mercantile Bank of Michigan | $6,340,000 | $5,955,000 | -6.1% | 0.8% |
| JPMorgan Chase Bank | $3,690,000 | $5,010,000 | 35.8% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $2,265,000 | $4,865,000 | 114.8% | 0.7% |
| UNION HOME MORTGAGE CORP. | $3,250,000 | $4,140,000 | 27.4% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $3,405,000 | $4,135,000 | 21.4% | 0.6% |
| The Dart Bank | $3,215,000 | $4,125,000 | 28.3% | 0.6% |
| The Shelby State Bank | $1,390,000 | $4,080,000 | 193.5% | 0.6% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $560,000 | $4,010,000 | 616.1% | 0.5% |
| NEWREZ LLC | $2,935,000 | $3,965,000 | 35.1% | 0.5% |
| GUILD MORTGAGE COMPANY | $2,535,000 | $3,900,000 | 53.8% | 0.5% |
| Old National Bank | $2,440,000 | $3,700,000 | 51.6% | 0.5% |
| NORTHERN MORTGAGE SERVICES, LLC | $1,905,000 | $3,460,000 | 81.6% | 0.5% |
| GUARANTEED RATE, INC. | $1,860,000 | $3,405,000 | 83.1% | 0.5% |
| LOANDEPOT.COM, LLC | $3,055,000 | $3,265,000 | 6.9% | 0.4% |
| RUOFF MORTGAGE COMPANY, INC. | $355,000 | $3,190,000 | 798.6% | 0.4% |
| GreenStone Farm Credit Services, FLCA | $2,080,000 | $3,165,000 | 52.2% | 0.4% |
| SUCCESS MORTGAGE PARTNERS, INC. | $3,860,000 | $2,980,000 | -22.8% | 0.4% |
| LENDINGHOME FUNDING CORPORATION | $2,160,000 | $2,945,000 | 36.3% | 0.4% |
| CHURCHILL MORTGAGE CORPORATION | $2,165,000 | $2,920,000 | 34.9% | 0.4% |
| Comerica Bank | $4,320,000 | $2,885,000 | -33.2% | 0.4% |
| RiverHills Bank | $2,770,000 | n/a | 0.4% | |
| FIRST COMMUNITY MORTGAGE, INC. | $4,325,000 | $2,645,000 | -38.8% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,120,000 | $2,635,000 | 24.3% | 0.4% |
| First National Bank of Michigan | $7,670,000 | $2,630,000 | -65.7% | 0.4% |
| Carrington Mortgage Services, LLC | $1,895,000 | $2,465,000 | 30.1% | 0.3% |
| TRIAD FINANCIAL SERVICES, INC. | $3,075,000 | $2,410,000 | -21.6% | 0.3% |
| Figure Lending LLC | $1,120,000 | $2,365,000 | 111.2% | 0.3% |
| 21ST MORTGAGE CORPORATION | $1,550,000 | $2,320,000 | 49.7% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $570,000 | $2,265,000 | 297.4% | 0.3% |
| BROKER SOLUTIONS, INC. | $1,775,000 | $2,175,000 | 22.5% | 0.3% |
| USAA Federal Savings Bank | $775,000 | $2,110,000 | 172.3% | 0.3% |
| VILLAGE CAPITAL MORTGAGE | $2,100,000 | n/a | 0.3% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,205,000 | $2,055,000 | 70.5% | 0.3% |
| United Bank of Michigan | $5,030,000 | $2,040,000 | -59.4% | 0.3% |
| Bank of America | $1,575,000 | $1,905,000 | 21.0% | 0.3% |
| COMMUNITY CHOICE CREDIT UNION | $1,160,000 | $1,780,000 | 53.4% | 0.2% |
| Muskegon Co Op Federal Credit Union | $1,330,000 | $1,770,000 | 33.1% | 0.2% |
| First Merchants Bank | $1,295,000 | $1,765,000 | 36.3% | 0.2% |
| Equity Prime Mortgage LLC | $525,000 | $1,680,000 | 220.0% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $1,805,000 | $1,675,000 | -7.2% | 0.2% |
| REDWOOD RESIDENTIAL ACQUISITION CORPORATION | $1,585,000 | n/a | 0.2% | |
| CROSSCOUNTRY MORTGAGE, LLC | $1,550,000 | $1,495,000 | -3.5% | 0.2% |
| MICHIGAN MUTUAL, INC. | $1,835,000 | $1,495,000 | -18.5% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $865,000 | $1,475,000 | 70.5% | 0.2% |
| NEW DAY FINANCIAL, LLC | $1,050,000 | $1,470,000 | 40.0% | 0.2% |
| BM Real Estate Services, Inc. | $375,000 | $1,440,000 | 284.0% | 0.2% |
| AAC Credit Union | $1,490,000 | $1,395,000 | -6.4% | 0.2% |
| The Federal Savings Bank | $995,000 | $1,350,000 | 35.7% | 0.2% |
| Northpointe Bank | $2,855,000 | $1,310,000 | -54.1% | 0.2% |
| MEMBER FIRST MORTGAGE, LLC | $1,600,000 | $1,265,000 | -20.9% | 0.2% |
| MICHIGAN FIRST CREDIT UNION | $890,000 | $1,265,000 | 42.1% | 0.2% |
| Citadel Servicing Corporation | $1,240,000 | n/a | 0.2% | |
| Discover Bank | $1,375,000 | $1,225,000 | -10.9% | 0.2% |
| GERBER FEDERAL CREDIT UNION | $870,000 | $1,210,000 | 39.1% | 0.2% |
| COREVEST AMERICAN FINANCE LENDER LLC | $1,195,000 | n/a | 0.2% | |
| Barrington Bank & Trust Company, N.A. | $540,000 | $1,190,000 | 120.4% | 0.2% |
| AmeriHome Mortgage Company, LLC | $480,000 | $1,140,000 | 137.5% | 0.2% |
| AMERICAN HERITAGE LENDING, INC. | $185,000 | $1,065,000 | 475.7% | 0.1% |
| CLEARPATH LENDING | $640,000 | $1,060,000 | 65.6% | 0.1% |
| Family Financial Credit Union | $2,065,000 | $1,055,000 | -48.9% | 0.1% |
| Macatawa Bank | $2,530,000 | $1,045,000 | -58.7% | 0.1% |
| CREDIT UNION ONE | $1,295,000 | $985,000 | -23.9% | 0.1% |
| PHH Mortgage Corporation | $180,000 | $940,000 | 422.2% | 0.1% |
| MORTGAGE ACCESS CORP. | $910,000 | n/a | 0.1% | |
| UNITED | $600,000 | $880,000 | 46.7% | 0.1% |
| Wells Fargo Bank | $985,000 | $880,000 | -10.7% | 0.1% |
| Adventure Credit Union | $3,965,000 | $850,000 | -78.6% | 0.1% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $3,505,000 | $830,000 | -76.3% | 0.1% |
| Grand River Bank | $430,000 | $815,000 | 89.5% | 0.1% |
| Warsaw Federal Savings and Loan Association | $765,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $35,000 | $755,000 | 2,057.1% | 0.1% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $745,000 | n/a | 0.1% | |
| GVC MORTGAGE, INC. | $1,090,000 | $710,000 | -34.9% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $695,000 | n/a | 0.1% | |
| MORTGAGE CENTER L.C | $1,360,000 | $685,000 | -49.6% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $665,000 | n/a | 0.1% | |
| Isabella Bank | $10,125,000 | $660,000 | -93.5% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $660,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $990,000 | $660,000 | -33.3% | 0.1% |
| LOANPAL, LLC | $55,000 | $635,000 | 1,054.5% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $105,000 | $620,000 | 490.5% | 0.1% |
| The Loan Store, Inc. | $670,000 | $615,000 | -8.2% | 0.1% |
| Coastal Community Bank | $400,000 | $595,000 | 48.8% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $490,000 | $595,000 | 21.4% | 0.1% |
| NBKC BANK | $590,000 | n/a | 0.1% | |
| Plains Commerce Bank | $730,000 | $565,000 | -22.6% | 0.1% |
| DFCU FINANCIAL | $755,000 | $560,000 | -25.8% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $600,000 | $560,000 | -6.7% | 0.1% |
| Horizon Bank | $1,375,000 | $560,000 | -59.3% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $490,000 | $555,000 | 13.3% | 0.1% |
| STOCKTON MORTGAGE CORPORATION | $550,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $165,000 | $525,000 | 218.2% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $820,000 | $520,000 | -36.6% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,245,000 | $500,000 | -59.8% | 0.1% |
| Commerce Home Mortgage, Inc. | $490,000 | n/a | 0.1% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $485,000 | n/a | 0.1% | |
| OCMBC, INC. | $320,000 | $480,000 | 50.0% | 0.1% |
| PLANET HOME LENDING, LLC | $205,000 | $470,000 | 129.3% | 0.1% |
| Citibank | $1,605,000 | $465,000 | -71.0% | 0.1% |
| J. VIRGIL, INC. | $675,000 | $450,000 | -33.3% | 0.1% |
| Citizens Bank | $885,000 | $440,000 | -50.3% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $440,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $55,000 | $435,000 | 690.9% | 0.1% |
| ON Q FINANCIAL, INC. | $425,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $485,000 | $420,000 | -13.4% | 0.1% |
| Honor Credit Union | $1,455,000 | $420,000 | -71.1% | 0.1% |
| STAUNTON FINANCIAL, INC. | $385,000 | n/a | 0.1% | |
| CONTOUR MORTGAGE CORPORATION | $415,000 | $380,000 | -8.4% | 0.1% |
| Charles Schwab Bank, SSB | $365,000 | n/a | 0.0% | |
| U.S. Bank | $505,000 | $365,000 | -27.7% | 0.0% |
| GENISYS | $25,000 | $355,000 | 1,320.0% | 0.0% |
| OCEANSIDE MORTGAGE COMPANY | $345,000 | n/a | 0.0% | |
| PLUS RELOCATION MORTGAGE, LLC | $345,000 | n/a | 0.0% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $345,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $335,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $695,000 | $335,000 | -51.8% | 0.0% |
| ENVOY MORTGAGE, LTD | $1,085,000 | $325,000 | -70.0% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $320,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $320,000 | n/a | 0.0% | |
| My Personal Credit Union | $235,000 | $310,000 | 31.9% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $635,000 | $310,000 | -51.2% | 0.0% |
| Grundy Bank | $305,000 | n/a | 0.0% | |
| KeyBank | $305,000 | n/a | 0.0% | |
| Morgan Stanley Private Bank | $1,745,000 | $305,000 | -82.5% | 0.0% |
| Sunflower Bank | $305,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $145,000 | $300,000 | 106.9% | 0.0% |
| FBC MORTGAGE, LLC | $295,000 | n/a | 0.0% | |
| OAK MORTGAGE, LLC | $325,000 | $285,000 | -12.3% | 0.0% |
| RESIDENTIAL BANCORP | $285,000 | n/a | 0.0% | |
| Lake Trust Credit Union | $275,000 | $280,000 | 1.8% | 0.0% |
| EMBRACE HOME LOANS, INC. | $275,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $165,000 | $275,000 | 66.7% | 0.0% |
| Firstrust Savings Bank | $275,000 | n/a | 0.0% | |
| HALLMARK HOME MORTGAGE, LLC | $275,000 | n/a | 0.0% | |
| Oakstar Bank | $275,000 | n/a | 0.0% | |
| Bank of Ann Arbor | $265,000 | n/a | 0.0% | |
| Nations Lending Corporation | $115,000 | $265,000 | 130.4% | 0.0% |
| North American Savings Bank, F.S.B. | $265,000 | n/a | 0.0% | |
| NEW WAVE LENDING GROUP INC | $255,000 | n/a | 0.0% | |
| Frankenmuth Credit Union | $115,000 | $245,000 | 113.0% | 0.0% |
| MICHIGAN SCHOOLS AND GOVERNMENT | $550,000 | $245,000 | -55.5% | 0.0% |
| UMB Bank | $245,000 | n/a | 0.0% | |
| First National Bank of America | $240,000 | n/a | 0.0% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $245,000 | $225,000 | -8.2% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $420,000 | $205,000 | -51.2% | 0.0% |
| First American Bank | $195,000 | n/a | 0.0% | |
| NATIONS DIRECT MORTGAGE, LLC | $355,000 | $190,000 | -46.5% | 0.0% |
| Preston Home Loans Inc | $655,000 | $185,000 | -71.8% | 0.0% |
| RBC Bank, (Georgia) | $185,000 | n/a | 0.0% | |
| The State Bank | $375,000 | $185,000 | -50.7% | 0.0% |
| GREENSTATE CREDIT UNION | $180,000 | n/a | 0.0% | |
| HomePromise Corporation | $175,000 | n/a | 0.0% | |
| Prosperity Home Mortgage, LLC | $205,000 | $175,000 | -14.6% | 0.0% |
| SUMMIT HOME MORTGAGE, LLC | $175,000 | n/a | 0.0% | |
| THE MORTGAGE LINK, INC. | $175,000 | n/a | 0.0% | |
| DELMAR FINANCIAL COMPANY | $265,000 | $165,000 | -37.7% | 0.0% |
| TEAM ONE CREDIT UNION | $145,000 | n/a | 0.0% | |
| ARBOR FINANCIAL CREDIT UNION | $850,000 | $140,000 | -83.5% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $135,000 | n/a | 0.0% | |
| GREENWOOD | $135,000 | n/a | 0.0% | |
| SOUTHWEST STAGE FUNDING, LLC | $135,000 | n/a | 0.0% | |
| Ally Bank | $630,000 | $125,000 | -80.2% | 0.0% |
| Ameris Bank | $125,000 | n/a | 0.0% | |
| A&D Mortgage LLC | $115,000 | n/a | 0.0% | |
| KALSEE CREDIT UNION | $115,000 | n/a | 0.0% | |
| CARDINAL FINANCIAL | $860,000 | $105,000 | -87.8% | 0.0% |
| DOW CHEMICAL EMPLOYEES' | $105,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $105,000 | n/a | 0.0% | |
| UNITED MORTGAGE CORP | $105,000 | n/a | 0.0% | |
| FIRST COLONY MORTGAGE CORPORATION | $95,000 | n/a | 0.0% | |
| M&T Bank | $95,000 | n/a | 0.0% | |
| American Mortgage & Equity Consultants, Inc. | $85,000 | n/a | 0.0% | |
| Community West Credit Union | $670,000 | $55,000 | -91.8% | 0.0% |
| USAlliance Federal Credit Union | $55,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $365,000 | $45,000 | -87.7% | 0.0% |
| Baxter Credit Union | $35,000 | n/a | 0.0% | |
| Centier Bank | $130,000 | $35,000 | -73.1% | 0.0% |
| ADVIA | $45,000 | $25,000 | -44.4% | 0.0% |
| CMG MORTGAGE, INC. | $25,000 | n/a | 0.0% | |
| Union Bank | $25,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $25,000 | n/a | 0.0% | |
| VIBE CREDIT UNION | $25,000 | n/a | 0.0% |
MUSKEGON's top lender by overall market share is LAKE MICHIGAN CREDIT UNION, with 17.9% market share. In second place, with 7.4%, is MORTGAGE 1 INCORPORATED, having originated $54,735,000 in loans. In third place, with 6.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $50,755,000 in loans. In fourth place, with 6.0%, is QUICKEN LOANS, LLC, having originated $44,315,000 in loans. In fifth place, with 5.1%, is The Huntington National Bank, having originated $37,620,000 in loans.
MUSKEGON, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,132 | $456,500,000 | $214,118 |
| Cash Out Refi | 543 | $105,255,000 | $193,840 |
| Refi | 539 | $104,365,000 | $193,627 |
| Home Improvement | 534 | $39,300,000 | $73,596 |
| Other | 443 | $33,425,000 | $75,451 |
| NA | 1 | $25,000 | $25,000 |
Muskegon's most frequently cited loan purpose was Home Purchase, with 2,132 originations. The 2nd most popular reason was Cash Out Refi, with 543 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,643 | $340,965,000 | $207,526 |
| Over 8% | 1,068 | $86,130,000 | $80,646 |
| 7-8% | 845 | $173,845,000 | $205,734 |
| 5-6% | 480 | $104,180,000 | $217,042 |
| 4-5% | 23 | $5,095,000 | $221,522 |
| <2.5% | 19 | $895,000 | $47,105 |
| 3-4% | 2 | $170,000 | $85,000 |
| 2.5-3% | 1 | $155,000 | $155,000 |
During 2024, Muskegon's most frequently originated rate bucket was 6-7%, with 1,643 originations.
Loan Sizing (MUSKEGON, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,468 | $217,400,000 | $148,093 |
| $100,000 or less | 1,355 | $73,115,000 | $53,959 |
| $200k-400k | 1,182 | $314,830,000 | $266,354 |
| $400k-600k | 137 | $63,745,000 | $465,292 |
| $600k-1000k | 36 | $25,730,000 | $714,722 |
| $Over $1MM | 14 | $44,050,000 | $3,146,429 |
MUSKEGON's loan sizing saw the bucket of loans from $100k-200k with 1,468 originations, totaling $217,400,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,624 | $363,230,000 | $223,664 |
| 60-80% | 763 | $178,475,000 | $233,912 |
| 20-40% | 607 | $55,115,000 | $90,799 |
| Under 20% | 587 | $26,275,000 | $44,761 |
| 40-60% | 401 | $66,945,000 | $166,945 |
| Over 100% | 29 | $9,455,000 | $326,034 |
MUSKEGON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,624 originations, totaling $363,230,000 in origination value.