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.).
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.
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'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.
