MUSKEGON Mortgage Rates

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

30 Year Fixed Rate mortgages in Muskegon averaged 3.3% for the week of 2021-11-24, compared to the national average of 3.1% for the same period.

The average rate for the prior week (2021-11-18) was 3.3% and one month ago for the week of 2021-10-21, the average rate was 3.29%.

Muskegon's average rate one year ago was 3.22%.

For refis of the same type during the week of 2021-11-24, the average rate was 3.36%.

Loan Type Date Rate
US 30 Year Fixed Rate 2021-11-24 3.1%
Muskegon 30 Year Fixed Rate 2021-11-24 3.3%
Muskegon 30 Year Fixed Rate Refi 2021-11-24 3.36%
Muskegon 15 Year Fixed Rate 2021-11-24 3.18%
Muskegon 15 Year Fixed Rate Refi 2021-11-24 2.86%
Muskegon 30 Year FHA 2021-11-24 3.68%
Muskegon 30 Year FHA Refi 2021-11-24 3.7%
Muskegon 30 Year USDA 2021-11-24 3.48%
Muskegon 30 Year USDA Refi 2021-11-24 3.25%
Muskegon 30 Year VA 2021-11-24 3.41%
Muskegon 30 Year VA Refi 2021-11-24 3.04%
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 lendor, 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 2020 Avg. 30yFix Rate 2020 Avg. Total Fees
LAKE MICHIGAN CREDIT UNION 556 3.37% $2,668
MORTGAGE 1 INCORPORATED 275 3.36% $3,067
Fifth Third Bank, National Association 160 3.55% $2,447
QUICKEN LOANS, LLC 157 3.46% $4,646
TOWNE MORTGAGE COMPANY 118 3.40% $2,829
VAN DYK MORTGAGE CORPORATION 114 3.35% $3,495
The Huntington National Bank 107 3.53% $2,485
Independent Bank 72 3.40% $2,780
ChoiceOne Bank 71 3.42% $2,173
CALIBER HOME LOANS, INC. 62 3.41% $2,817
UNITED WHOLESALE MORTGAGE, LLC 54 3.29% $4,321
PNC Bank, National Association 53 3.87% $1,163
JPMorgan Chase Bank, National Association 53 3.44% $2,295
Neighborhood Loans, Inc. 47 3.29% $2,659
T2 FINANCIAL LLC 44 3.24% $3,449
Northpointe Bank 43 3.25% $2,840
HARBORLIGHT 39 3.45% $1,993
FINANCE OF AMERICA MORTGAGE LLC 39 3.48% $3,717
ENVOY MORTGAGE, LTD 38 3.61% $3,325
FIRST GENERAL 24 3.67% $2,407
AAC Credit Union 20 3.34% $1,904
Mercantile Bank of Michigan 16 3.39% $2,656
CONSUMERS 16 3.48% $2,412
Wells Fargo Bank, National Association 15 3.44% $2,361
UNION HOME MORTGAGE CORP. 15 3.71% $3,633
ARK-LA-TEX FINANCIAL SERVICES, LLC. 14 3.37% $3,049
MMS MORTGAGE SERVICES, LTD. 14 3.47% $3,081
CHURCHILL MORTGAGE CORPORATION 13 3.61% $2,771
LOANDEPOT.COM, LLC 13 3.34% $2,928
NORTHERN MORTGAGE SERVICES, LLC 13 3.41% $2,973
NATIONSTAR MORTGAGE LLC 12 3.54% $5,150
SUCCESS MORTGAGE PARTNERS, INC. 12 3.50% $4,777
MEMBER FIRST MORTGAGE, LLC 12 3.48% $2,892
TCF National Bank 11 3.24% $3,042
GUARANTEED RATE, INC. 11 3.61% $2,821
AMERISAVE MORTGAGE CORPORATION 10 2.86% $4,931
MORTGAGE CENTER L.C 10 3.38% $2,172
Flagstar Bank, FSB 10 3.29% $2,876
Comerica Bank 9 3.17% $2,262
HOME POINT FINANCIAL CORPORATION 9 3.52% $4,246
ROYAL UNITED MORTGAGE LLC 8 3.34% $5,443
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 8 3.59% $2,593
Macatawa Bank 8 3.52% $2,196
AMERIFIRST FINANCIAL CORPORATION 7 3.36% $3,092
Adventure Credit Union 7 3.30% $2,009
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 3.23% $3,640
Old National Bank 6 3.35% $2,591
INLANTA MORTGAGE, INC. 5 3.05% $2,447
BETTER MORTGAGE CORPORATION 5 3.13% $2,310
DFCU FINANCIAL 5 3.50% $2,986
RUOFF MORTGAGE COMPANY, INC. 5 3.43% $2,009
ARBOR FINANCIAL CREDIT UNION 4 3.63% $3,032
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 3.50% $3,054
FREEDOM MORTGAGE CORPORATION 4 3.16% $1,408
MUTUAL OF OMAHA MORTGAGE, INC. 4 3.06% $4,404
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 3.56% $3,058
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 3.40% $2,835
GreenStone Farm Credit Services, FLCA 4 3.71% $4,527
USAA Federal Savings Bank 4 3.63% $2,795
BROKER SOLUTIONS, INC. 3 3.88% $2,992
AMERICAN FINANCING CORPORATION 3 3.88% $3,612
ANGEL OAK MORTGAGE SOLUTIONS LLC 3 4.58% $3,733
Bank of America, National Association 3 3.17% $5,718
Citibank, National Association 3 3.17% $4,161
EVERETT FINANCIAL, INC. 3 3.42% $1,654
Isabella Bank 3 2.96% $1,868
J. VIRGIL, INC. 3 3.58% $3,068
MICHIGAN MUTUAL, INC. 3 5.38% $4,933
NAVY FEDERAL CREDIT UNION 3 3.88% $5,594
NEWREZ LLC 3 3.21% $3,709
PENNYMAC LOAN SERVICES, LLC 3 3.88% $5,095
RELIANCE FIRST CAPITAL, LLC 3 4.46% $5,569
SUN WEST MORTGAGE COMPANY, INC. 3 3.54% $441
TOP FLITE FINANCIAL, INC. 3 3.08% $4,319
West Michigan Credit Union 3 3.00% $2,528
Level One Bank 2 3.19% $2,750
BNC National Bank 2 3.13% $2,165
PANORAMA MORTGAGE GROUP, LLC 2 4.31% $2,644
THE ANDERSON FINANCIAL GROUP, INC. 2 3.00% $2,855
The Dart Bank 2 3.56% $2,185
The Federal Savings Bank 2 2.88% $6,694
Luxury Mortgage Corp. 2 2.94% $2,749
The State Bank 2 2.69% $3,378
ZILLOW HOME LOANS, LLC 2 3.25% $1,536
AMERICAN FINANCIAL NETWORK, INC. 2 4.06% $4,019
U.S. Bank National Association 2 3.43% $1,043
MICHIGAN FIRST CREDIT UNION 2 5.25% $3,598
UNITED 2 3.38% $1,971
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.37% $3,524
S1L, Inc. 2 2.75% $4,057
OAK MORTGAGE, LLC 2 3.13% $2,846
CREDIT UNION ONE 2 3.44% $3,493
PREFERRED CREDIT UNION 2 2.63% $2,649
AMERICAN FINANCIAL RESOURCES, INC. 2 4.44% $4,726
Dort Financial Credit Union 1 3.25% $2,285
DIRECT MORTGAGE, CORP. 1 3.25% $9,884
Deere Employees Credit Union 1 2.25% $2,585
NP, Inc. 1 3.50% $3,031
OMNI Community Credit Union 1 3.25% $2,727
Pacor Mortgage Corp 1 2.75% $2,421
Paramount Residential Mortgage Group, Inc. 1 3.13% $3,696
PARKSIDE LENDING, LLC 1 3.13% $2,282
PENTAGON FEDERAL CREDIT UNION 1 2.50% $1,428
PLANET HOME LENDING, LLC 1 2.63% $2,079
PLUS RELOCATION MORTGAGE, LLC 1 2.88% $2,594
CoVantage Credit Union 1 3.25% $2,058
POLARIS HOME FUNDING CORP. 1 2.75% $2,780
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.50% $3,417
COMPASS MORTGAGE, INC. 1 2.75% $3,902
Prosperity Home Mortgage, LLC 1 2.75% $3,089
PURDUE FEDERAL CREDIT UNION 1 3.25% $2,605
Community West Credit Union 1 2.88% $2,834
Ally Bank 1 2.50% $5,320
ROSS MORTGAGE CORPORATION 1 2.63% $4,284
Citizens Bank, National Association 1 4.13% $2,131
CHERRY CREEK MORTGAGE, LLC 1 3.00% $120
STAUNTON FINANCIAL, INC. 1 2.88% $4,525
STOCKTON MORTGAGE CORPORATION 1 2.75% $6,408
Carrington Mortgage Services, LLC 1 3.63% $3,557
SUMMIT FUNDING, INC. 1 3.38% $3,815
Alerus Financial, National Association 1 3.88% $3,379
Barrington Bank & Trust Company, N.A. 1 3.63% $3,020
Bank of England 1 3.50% $3,355
Hometown Equity Mortgage, LLC 1 8.50% $8,820
Horizon Bank 1 3.25% $2,590
HSBC BANK USA, NATIONAL ASSOCIATION 1 3.90% $3,253
HOMESIDE FINANCIAL, LLC 1 3.38% $4,851
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.75% $3,242
Ameris Bank 1 2.63% $3,050
Heartland Bank and Trust Company 1 3.95% $2,043
AmeriHome Mortgage Company, LLC 1 4.25% $4,564
KeyBank National Association 1 3.50% $3,991
LEADERONE FINANCIAL CORPORATION 1 2.99% $2,818
GVC MORTGAGE, INC. 1 3.88% $3,151
Liberty Bank and Trust Company 1 2.99% $3,831
GENISYS 1 2.88% $1,678
Frankenmuth Credit Union 1 2.75% $2,511
Main Street Bank 1 3.38% $2,684
Manufacturers and Traders Trust Company 1 4.00% $3,891
First Savings Bank 1 4.13% $2,053
MEMBERS FIRST Credit Union 1 4.13% $1,759
First National Bank of America 1 6.63% $7,644
MICHIGAN ONE COMMUNITY Credit Union 1 3.88% $4,074
First Home Bank 1 2.75% $6,838
FirstBank 1 3.13% $1,399
Morgan Stanley Private Bank, National Association 1 3.13% $2,467
EQUITY RESOURCES, INC. 1 3.50% $2,559
Mortgage Research Center, LLC 1 2.63% $2,025
EMBRACE HOME LOANS, INC. 1 2.88% $5,053
Nations Lending Corporation 1 2.63% $4,257
DOW CHEMICAL EMPLOYEES' 1 4.13% $2,147
NBKC BANK 1 3.38% $1,661

MUSKEGON, MI's 152 lenders originated 6,696 loans during 2020. The total origination value was $1,062,730,000, with an average loan value of $158,711.

The top MUSKEGON lender as defined by loan originations is LAKE MICHIGAN CREDIT UNION, with 556 loans originated. Their average total fees are $2,668, which is $399 lower than the next largest lender, MORTGAGE 1 INCORPORATED.

The lowest fee MUSKEGON lenders (with over 10 loans originated) are PNC Bank, National Association ($1,163), AAC Credit Union ($1,904), HARBORLIGHT ($1,993), MORTGAGE CENTER L.C ($2,172) and ChoiceOne Bank ($2,173).

The lowest rate MUSKEGON lenders (with over 10 loans originated) are AMERISAVE MORTGAGE CORPORATION (2.86%), T2 FINANCIAL LLC (3.24%), TCF National Bank (3.24%), Northpointe Bank (3.25%) and Neighborhood Loans, Inc. (3.29%).

MUSKEGON, MI Lender 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 2019 Loan Value 2020 Loan Value % Change 2020 Market Share
Lake Michigan Credit Union $121,100,000 $184,875,000 52.7% 17.4%
Mortgage 1 Incorporated $64,440,000 $100,430,000 55.9% 9.5%
Quicken Loans $39,405,000 $70,855,000 79.8% 6.7%
Huntington National Bank $48,655,000 $55,605,000 14.3% 5.2%
Fifth Third Bank $45,325,000 $52,095,000 14.9% 4.9%
VanDyk Mortgage Corporation $21,915,000 $43,860,000 100.1% 4.1%
Towne Mortgage Company $28,405,000 $35,825,000 26.1% 3.4%
PNC BANK NA $23,560,000 $25,520,000 8.3% 2.4%
Independent Bank $14,105,000 $23,910,000 69.5% 2.2%
ChoiceOne Bank $9,885,000 $18,900,000 91.2% 1.8%
TCF National Bank $8,235,000 $18,440,000 123.9% 1.7%
Arbor Realty Trust Inc $18,405,000 n/a 1.7%
Freedom Mortgage Corporation $5,080,000 $18,155,000 257.4% 1.7%
Caliber Home Loans Inc $10,850,000 $17,430,000 60.6% 1.6%
United Shore Financial Services LLC $17,040,000 $15,605,000 -8.4% 1.5%
Shelby State Bank $6,195,000 $15,545,000 150.9% 1.5%
Northpointe Bank $7,590,000 $15,530,000 104.6% 1.5%
JPMorgan Chase Bank, NA $12,200,000 $12,790,000 4.8% 1.2%
WALKER & DUNLOP, LLC $3,675,000 $12,375,000 236.7% 1.2%
Envoy Mortgage Ltd. $9,170,000 $12,240,000 33.5% 1.2%
Neighborhood Loans $7,130,000 $11,835,000 66.0% 1.1%
T2 Financial LLC $10,445,000 n/a 1.0%
Finance of America Mortgage LLC $3,425,000 $9,785,000 185.7% 0.9%
HarborLight Credit Union $10,130,000 $8,045,000 -20.6% 0.8%
Ark-La-Tex Financial Services LLC $5,050,000 $7,370,000 45.9% 0.7%
Mercantile Bank of Michigan $3,885,000 $7,270,000 87.1% 0.7%
Nationstar Mortgage $4,490,000 $7,250,000 61.5% 0.7%
Mortgage Research Center LLC $7,475,000 $6,925,000 -7.4% 0.7%
First General Credit Union $720,000 $6,810,000 845.8% 0.6%
Bank of America NA $3,570,000 $6,250,000 75.1% 0.6%
COMERICA BANK $6,420,000 $5,895,000 -8.2% 0.6%
loanDepot LLC $5,335,000 $5,870,000 10.0% 0.6%
Old National Bank $3,675,000 $5,845,000 59.0% 0.5%
WELLS FARGO BANK NA $4,750,000 $4,890,000 2.9% 0.5%
Northern Mortgage Services, LLC $2,910,000 $4,605,000 58.2% 0.4%
Flagstar Bank $5,525,000 $4,495,000 -18.6% 0.4%
Success Mortgage Partners Inc. $4,590,000 $4,335,000 -5.6% 0.4%
AAC Credit Union $2,540,000 $4,130,000 62.6% 0.4%
GreenStone Farm Credit Services $1,600,000 $3,980,000 148.8% 0.4%
Amerisave Mortgage Corporation $230,000 $3,790,000 1,547.8% 0.4%
Clearpath Lending $2,275,000 $3,755,000 65.1% 0.4%
Member First Mortgage LLC $5,275,000 $3,535,000 -33.0% 0.3%
Guaranteed Rate Inc. $2,150,000 $3,480,000 61.9% 0.3%
PENNYMAC LOAN SERVICES LLC $1,460,000 $3,275,000 124.3% 0.3%
Union Home Mortgage Company $1,405,000 $3,175,000 126.0% 0.3%
American Financial Resources Inc. $1,520,000 $3,115,000 104.9% 0.3%
USAA FEDERAL SAVINGS BANK $4,045,000 $3,085,000 -23.7% 0.3%
Mortgage Center LLC $2,720,000 $3,045,000 11.9% 0.3%
Consumers Credit Union $1,990,000 $3,025,000 52.0% 0.3%
FIRST NATIONAL BANK OF AMERICA $430,000 $2,975,000 591.9% 0.3%
CARRINGTON MORTGAGE SERVICES $1,090,000 $2,865,000 162.8% 0.3%
Home Point Financial Corporation $165,000 $2,845,000 1,624.2% 0.3%
MMS Mortgage Services, Ltd $2,625,000 $2,830,000 7.8% 0.3%
Churchill Mortgage Corporation $2,340,000 $2,725,000 16.5% 0.3%
PRIMELENDING $1,255,000 $2,565,000 104.4% 0.2%
Adventure Credit Union $735,000 $2,500,000 240.1% 0.2%
Michigan State University Federal Credit Union $2,440,000 $2,460,000 0.8% 0.2%
United Bank Of Michigan $1,155,000 $2,395,000 107.4% 0.2%
AmeriFirst Home Mortgage $1,165,000 $2,270,000 94.8% 0.2%
NEWREZ LLC $925,000 $2,240,000 142.2% 0.2%
MACATAWA BANK $640,000 $2,175,000 239.8% 0.2%
Grand River Bank $1,520,000 $2,165,000 42.4% 0.2%
First Guaranty Mortgage Corporation $2,185,000 $2,145,000 -1.8% 0.2%
Triad Financial Services Inc $935,000 $2,095,000 124.1% 0.2%
VANDERBILT MORTGAGE AND FINANCE, INC $2,025,000 n/a 0.2%
HORIZON BANK $1,970,000 n/a 0.2%
11406 $125,000 $1,885,000 1,408.0% 0.2%
HomeBridge Financial Services, Inc. $2,205,000 $1,795,000 -18.6% 0.2%
Inlanta Mortgage $890,000 $1,785,000 100.6% 0.2%
Cardinal Financial Company LP $1,055,000 $1,750,000 65.9% 0.2%
AmeriHomeMortgageCompany,LL $290,000 $1,740,000 500.0% 0.2%
BM REAL ESTATE SERVICES, INC. $1,710,000 n/a 0.2%
Citibank, N.A. $300,000 $1,675,000 458.3% 0.2%
Lakeview Loan Servicing, LLC $1,080,000 $1,665,000 54.2% 0.2%
DFCU Financial $400,000 $1,635,000 308.8% 0.2%
New American Funding (dba for Broker Solutions Inc) $635,000 $1,635,000 157.5% 0.2%
NewDay Financial LLC dba NewDay USA $975,000 $1,610,000 65.1% 0.2%
NAVY FEDERAL CREDIT UNION $2,710,000 $1,595,000 -41.1% 0.2%
Gerber Federal Credit Union $1,200,000 $1,550,000 29.2% 0.1%
Berkadia Commercial Mortgage $1,535,000 n/a 0.1%
The Federal Savings Bank $1,225,000 $1,520,000 24.1% 0.1%
Village Capital & Investment $1,025,000 $1,515,000 47.8% 0.1%
MARSHALL COMMUNITY CREDIT UNION $1,470,000 n/a 0.1%
Gold Star Mortgage Financial Group, Corporation $540,000 $1,425,000 163.9% 0.1%
Ruoff Home Mortgage $1,410,000 n/a 0.1%
Credit Union One $365,000 $1,335,000 265.8% 0.1%
GVC Mortgage Inc. $1,325,000 n/a 0.1%
Paramount Residential Mortgage Group Inc. $590,000 $1,285,000 117.8% 0.1%
Royal United Mortgage LLC $405,000 $1,235,000 204.9% 0.1%
top flite financial, inc. $1,110,000 $1,220,000 9.9% 0.1%
Sun West Mortgage Company Inc. $1,115,000 n/a 0.1%
Michigan Mutual, Inc. DBA MiMutual Mortgage $430,000 $1,010,000 134.9% 0.1%
Barrington Bank & Trust $1,240,000 $970,000 -21.8% 0.1%
Better Mortgage Corporation $570,000 $965,000 69.3% 0.1%
Synergy One Lending $560,000 $960,000 71.4% 0.1%
BNC NATIONAL BANK $365,000 $925,000 153.4% 0.1%
Community West Credit Union $205,000 $925,000 351.2% 0.1%
The Dart Bank $385,000 $890,000 131.2% 0.1%
Michigan First Credit Union $365,000 $850,000 132.9% 0.1%
NBKC Bank $175,000 $850,000 385.7% 0.1%
Alterra Group LLC dba Alterra Home Loans $5,145,000 $825,000 -84.0% 0.1%
Arbor Financial Credit Union $825,000 n/a 0.1%
Magnolia Bank Incorporated $205,000 $810,000 295.1% 0.1%
FAIRWAY INDEPENDENT MORT CORP $730,000 $800,000 9.6% 0.1%
John Adams Mortgage Co. $800,000 $780,000 -2.5% 0.1%
Supreme Lending/ Everett Financial Inc. $435,000 $780,000 79.3% 0.1%
Mortgage Lenders of America LLC $145,000 $775,000 434.5% 0.1%
Isabella Bank $340,000 $760,000 123.5% 0.1%
US BANK, N.A. $350,000 $755,000 115.7% 0.1%
West Michigan Community Bank $9,660,000 $755,000 -92.2% 0.1%
CBNA $1,025,000 $715,000 -30.2% 0.1%
American Financial Network Inc. $350,000 $670,000 91.4% 0.1%
Sturgis Bank & Trust Company $660,000 n/a 0.1%
Cherry Creek Mortgage Co. Inc. $185,000 $640,000 245.9% 0.1%
POLARIS HOME FUNDING CORP $500,000 $640,000 28.0% 0.1%
Sturgis Bank & Trust Company $635,000 n/a 0.1%
Angel Oak Mortgage Solutions $615,000 n/a 0.1%
KeyBank National Association $595,000 n/a 0.1%
BEST FINANCIAL CREDIT UNION $6,055,000 $585,000 -90.3% 0.1%
Security State Bank $145,000 $580,000 300.0% 0.1%
Dow Chemical Employees Credit Union $575,000 n/a 0.1%
21ST MORTGAGE $205,000 $570,000 178.0% 0.1%
Plaza Home Mortgage Inc. $145,000 $565,000 289.7% 0.1%
Cason Home Loans $165,000 $540,000 227.3% 0.1%
Frankenmuth Credit Union $530,000 n/a 0.0%
Reliance First Capital LLC $225,000 $530,000 135.6% 0.0%
LeaderOne Financial Corp. $525,000 n/a 0.0%
Oceanside Mortgage Company $260,000 $525,000 101.9% 0.0%
Compass Mortgage Inc $515,000 n/a 0.0%
Mortgage Solutions of Colorado LLC $165,000 $510,000 209.1% 0.0%
FirstBank $85,000 $495,000 482.4% 0.0%
Stock Yards Bank and Trust Co $495,000 n/a 0.0%
Stockton Mortgage Corporation $475,000 n/a 0.0%
Community Choice Credit Union $405,000 $470,000 16.0% 0.0%
American Financing Corporation $375,000 $455,000 21.3% 0.0%
DIRECT MORTGAGE CORP $425,000 n/a 0.0%
Morgan Stanley Private Bank NA $520,000 $425,000 -18.3% 0.0%
AAG $190,000 $415,000 118.4% 0.0%
Low VA Rates $530,000 $395,000 -25.5% 0.0%
The Anderson Financial Group Inc $390,000 n/a 0.0%
Nations Lending Corporation $385,000 n/a 0.0%
Provident Funding Associates $165,000 $385,000 133.3% 0.0%
United Federal Credit Union $330,000 $385,000 16.7% 0.0%
Embrace Home Loans, Inc. $380,000 n/a 0.0%
Plains Commerce Bank $380,000 n/a 0.0%
West Michigan Credit Union $150,000 $380,000 153.3% 0.0%
Genisys Credit Union $370,000 n/a 0.0%
Level One Bank $670,000 $370,000 -44.8% 0.0%
Wyndham Capital Mortgage $375,000 $365,000 -2.7% 0.0%
Planet Home Lending LLC $155,000 $350,000 125.8% 0.0%
Purdue Federal Credit Union $345,000 n/a 0.0%
Lake Trust Credit Union $270,000 $340,000 25.9% 0.0%
ELGA Credit Union $330,000 n/a 0.0%
LendingHome Funding Corporation $75,000 $305,000 306.7% 0.0%
Nations Direct Mortgage LLC $305,000 n/a 0.0%
Preferred Credit Union $40,000 $305,000 662.5% 0.0%
Blue Ridge Bank, NA $295,000 n/a 0.0%
Guaranteed Rate Affinity LLC $290,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $360,000 $285,000 -20.8% 0.0%
The Hastings City Bank $105,000 $285,000 171.4% 0.0%
BOKF NA $275,000 n/a 0.0%
COMMERCE BANK $275,000 n/a 0.0%
North American Savings Bank $470,000 $275,000 -41.5% 0.0%
Sierra Pacific Mortgage $405,000 $270,000 -33.3% 0.0%
US Mortgage of Florida $270,000 n/a 0.0%
Bank of England $440,000 $265,000 -39.8% 0.0%
Summit Funding Inc. $265,000 n/a 0.0%
Discover Bank $425,000 $260,000 -38.8% 0.0%
Citizens Equity First Credit Union (CEFCU) $35,000 $255,000 628.6% 0.0%
Mid-Continent Funding, Inc. $255,000 n/a 0.0%
Honor Credit Union $580,000 $250,000 -56.9% 0.0%
Luxury Mortgage Corp. $195,000 $250,000 28.2% 0.0%
PHH MORTGAGE CORPORATION $160,000 $250,000 56.3% 0.0%
Intercontinental Capital Group, Inc. $285,000 $245,000 -14.0% 0.0%
Community Financial Credit Union $25,000 $240,000 860.0% 0.0%
Equity Resources Inc. $235,000 n/a 0.0%
New West Lending Inc. $235,000 n/a 0.0%
OMNI Community Credit Union $235,000 n/a 0.0%
Sunflower Bank, N.A. $235,000 n/a 0.0%
Dort Federal Credit Union $225,000 n/a 0.0%
M&T Bank $220,000 n/a 0.0%
Deere Employees Credit Union $215,000 n/a 0.0%
Main Street Bank $215,000 n/a 0.0%
PLUS RELOCATION MORTGAGE, LLC $215,000 n/a 0.0%
Pentagon Federal Credit Union $165,000 $210,000 27.3% 0.0%
Parkside Lending LLC $205,000 n/a 0.0%
Mid America Mortgage Inc. $260,000 $195,000 -25.0% 0.0%
Nations Reliable Lending, LLC $195,000 n/a 0.0%
Prosperity Home Mortgage LLC $195,000 n/a 0.0%
Stifel Bank and Trust $205,000 $195,000 -4.9% 0.0%
Equity Prime Mortgage LLC $185,000 n/a 0.0%
First Home Bank $185,000 n/a 0.0%
Republic Bank & Trust Company $185,000 n/a 0.0%
ROSS MORTGAGE CORPORATION $185,000 n/a 0.0%
Michigan One Community Credit Union $105,000 $180,000 71.4% 0.0%
AUSTIN CAPITAL BANK SSB $585,000 $175,000 -70.1% 0.0%
Hometown Equity Mortgage LLC $175,000 n/a 0.0%
SoFi Lending Corp $175,000 n/a 0.0%
Congressional Bank $135,000 $165,000 22.2% 0.0%
Heartland Bank and Trust Co $1,110,000 $165,000 -85.1% 0.0%
Highlands Residential Mortgage Ltd $165,000 n/a 0.0%
Homeside Financial LLC $260,000 $165,000 -36.5% 0.0%
Academy Mortgage Corporation $90,000 $155,000 72.2% 0.0%
PFCU $155,000 n/a 0.0%
Centier Bank $175,000 $150,000 -14.3% 0.0%
CoVantage Credit Union $145,000 n/a 0.0%
HSBC BANK USA, NA $145,000 n/a 0.0%
Mortgage Services III LLC $145,000 n/a 0.0%
Liberty Bank and Trust Co $135,000 n/a 0.0%
Pacor Mortgage Corp $135,000 n/a 0.0%
United Mortgage Corp $135,000 n/a 0.0%
BROADWAY NATIONAL BANK $125,000 n/a 0.0%
AMERIS BANK $115,000 n/a 0.0%
Liberty Home Equity Solutions, Inc. $115,000 n/a 0.0%
Paramount Bank $115,000 n/a 0.0%
Semper Home Loans, Inc $115,000 n/a 0.0%
BLG Holdings, Inc. DBA Simple $110,000 n/a 0.0%
CASE CREDIT UNION $105,000 n/a 0.0%
Homespire Mortgage Corporation $110,000 $105,000 -4.5% 0.0%
Longbridge Financial, LLC $105,000 n/a 0.0%
Homesite Mortgage LLC $95,000 n/a 0.0%
Members First Credit Union $125,000 $95,000 -24.0% 0.0%
SPRING EQ, LLC $80,000 $95,000 18.8% 0.0%
Air Academy Federal Credit Union $85,000 n/a 0.0%
ALERUS FINANCIAL NA $75,000 n/a 0.0%
Open Mortgage LLC $75,000 n/a 0.0%
First Savings Bank $315,000 $65,000 -79.4% 0.0%
NuMark Credit Union $65,000 $65,000 0.0% 0.0%
Primary Residential Mortgage Inc. $185,000 $45,000 -75.7% 0.0%
Star USA Federal Credit Union $35,000 $45,000 28.6% 0.0%
Home Loan Investment Bank $15,000 n/a 0.0%

MUSKEGON's top lender by overall market share is Lake Michigan Credit Union, with 17.4% market share. In second place, with 9.5%, is Mortgage 1 Incorporated, having originated $100,430,000 in loans. In third place, with 6.7%, is Quicken Loans, having originated $70,855,000 in loans. In third place, with 5.2%, is Huntington National Bank, having originated $55,605,000 in loans. In third place, with 4.9%, is Fifth Third Bank, having originated $52,095,000 in loans.


MUSKEGON, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,480 $431,050,000 $173,810
Refi 2,449 $397,205,000 $162,191
Cash Out Refi 1,211 $192,055,000 $158,592
Home Improvement 313 $19,945,000 $63,722
Other 243 $22,475,000 $92,490

Muskegon's most frequently cited loan purpose was Home Purchase, with 2,480 originations. The 2nd most popular reason was Refi, with 2,449 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 3,201 $518,305,000 $161,920
2.5-3% 2,020 $359,010,000 $177,728
4-5% 614 $66,440,000 $108,208
<2.5% 357 $63,885,000 $178,950
5-6% 138 $13,840,000 $100,290
Over 8% 81 $3,725,000 $45,988
6-7% 71 $3,365,000 $47,394
7-8% 39 $1,445,000 $37,051

During 2020, Muskegon's most frequently originated rate bucket was 3-4%, with 3,201 originations.

Loan Sizing (MUSKEGON, MI MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 3,364 $483,560,000 $143,746
$100,000 or less 1,932 $125,070,000 $64,736
$200k-400k 1,235 $318,525,000 $257,915
$400k-600k 120 $56,690,000 $472,417
$600k-1000k 27 $20,105,000 $744,630
$Over $1MM 18 $58,780,000 $3,265,556

MUSKEGON's loan sizing saw the bucket of loans from $100k-200k with 3,364 originations, totaling $483,560,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,589 $465,285,000 $179,716
60-80% 2,068 $360,650,000 $174,396
40-60% 904 $127,660,000 $141,217
20-40% 464 $37,740,000 $81,336
Under 20% 271 $9,135,000 $33,708
Over 100% 40 $8,060,000 $201,500

MUSKEGON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,589 originations, totaling $465,285,000 in origination value.