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
6.42%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.54% and
one month ago for the week of 2023-04-20, the
average rate was 6.64%.
Muskegon's average rate one year ago was 5.3%.
For refis of the same type during the week of 2023-05-25, the average rate
was 5.65%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| Muskegon 30 Year Fixed Rate | 2023-05-25 | 6.42% |
| Muskegon 30 Year Fixed Rate Refi | 2023-05-25 | 5.65% |
| Muskegon 15 Year Fixed Rate | 2023-05-25 | 5.98% |
| Muskegon 15 Year Fixed Rate Refi | 2023-05-25 | 4.79% |
| Muskegon 30 Year FHA | 2023-05-25 | 6.31% |
| Muskegon 30 Year FHA Refi | 2023-05-25 | 6.61% |
| Muskegon 30 Year USDA | 2023-05-25 | 6.63% |
| Muskegon 30 Year USDA Refi | 2023-05-25 | 6.63% |
| Muskegon 30 Year VA | 2023-05-25 | 6.36% |
| Muskegon 30 Year VA Refi | 2023-05-25 | 6.31% |
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 Average Closing Costs & Other Stats
MUSKEGON, MI's 137 lenders originated 5,012
loans during 2022. The total origination value was $813,310,000, with an average loan value of
$162,273.
MUSKEGON's average closing costs are $3,824.
The top MUSKEGON lender as defined by loan originations is LAKE MICHIGAN CREDIT UNION, with
340 loans originated. Their average total fees are
$3,240, which is $1,076
lower than the next largest lender,
MORTGAGE 1 INCORPORATED.
The lowest fee MUSKEGON lenders (with over 10 loans originated) are
United Bank of Michigan ($2,159), Comerica Bank ($2,625), ChoiceOne Bank ($2,681), Wells Fargo Bank ($2,730) and CONSUMERS ($2,739).
The lowest rate MUSKEGON lenders (with over 10 loans originated) are
Northpointe Bank (4.38%), MEMBER FIRST MORTGAGE, LLC (4.42%), MORTGAGE CENTER L.C (4.46%), LOANDEPOT.COM, LLC (4.63%) and UNION HOME MORTGAGE CORP. (4.69%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| LAKE MICHIGAN CREDIT UNION | $196,140,000 | $137,000,000 | -30.2% | 16.8% |
| MORTGAGE 1 INCORPORATED | $96,760,000 | $58,990,000 | -39.0% | 7.3% |
| QUICKEN LOANS, LLC | $98,560,000 | $49,410,000 | -49.9% | 6.1% |
| VAN DYK MORTGAGE CORPORATION | $53,850,000 | $43,595,000 | -19.0% | 5.4% |
| The Huntington National Bank | $69,015,000 | $41,160,000 | -40.4% | 5.1% |
| Fifth Third Bank | $69,540,000 | $40,770,000 | -41.4% | 5.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $32,810,000 | $29,975,000 | -8.6% | 3.7% |
| PNC Bank | $23,185,000 | $23,350,000 | 0.7% | 2.9% |
| TOWNE MORTGAGE COMPANY | $48,125,000 | $22,125,000 | -54.0% | 2.7% |
| ChoiceOne Bank | $24,605,000 | $20,140,000 | -18.1% | 2.5% |
| Neighborhood Loans, Inc. | $18,135,000 | $14,755,000 | -18.6% | 1.8% |
| Independent Bank | $26,065,000 | $14,045,000 | -46.1% | 1.7% |
| Comerica Bank | $6,530,000 | $13,190,000 | 102.0% | 1.6% |
| CONSUMERS | $8,120,000 | $12,920,000 | 59.1% | 1.6% |
| Mortgage Research Center, LLC | $13,085,000 | $10,800,000 | -17.5% | 1.3% |
| Isabella Bank | $125,000 | $9,600,000 | 7,580.0% | 1.2% |
| JPMorgan Chase Bank | $18,370,000 | $9,210,000 | -49.9% | 1.1% |
| CALIBER HOME LOANS, INC. | $24,145,000 | $7,350,000 | -69.6% | 0.9% |
| T2 FINANCIAL LLC | $12,130,000 | $6,735,000 | -44.5% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $9,695,000 | $6,630,000 | -31.6% | 0.8% |
| ENVOY MORTGAGE, LTD | $12,605,000 | $6,480,000 | -48.6% | 0.8% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $12,365,000 | $6,285,000 | -49.2% | 0.8% |
| Northpointe Bank | $14,375,000 | $6,040,000 | -58.0% | 0.7% |
| LOANDEPOT.COM, LLC | $10,755,000 | $5,870,000 | -45.4% | 0.7% |
| The Shelby State Bank | $10,565,000 | $5,460,000 | -48.3% | 0.7% |
| Equity Prime Mortgage LLC | $5,455,000 | $5,040,000 | -7.6% | 0.6% |
| SUCCESS MORTGAGE PARTNERS, INC. | $6,885,000 | $4,830,000 | -29.8% | 0.6% |
| PLAZA HOME MORTGAGE, INC. | $1,355,000 | $4,825,000 | 256.1% | 0.6% |
| GUARANTEED RATE, INC. | $6,750,000 | $4,325,000 | -35.9% | 0.5% |
| Grandbridge Real Estate Capital LLC | $4,275,000 | n/a | 0.5% | |
| FREEDOM MORTGAGE CORPORATION | $20,885,000 | $4,180,000 | -80.0% | 0.5% |
| Best Financial Credit Union | $7,260,000 | $4,130,000 | -43.1% | 0.5% |
| Flagstar Bank, FSB | $4,200,000 | $3,945,000 | -6.1% | 0.5% |
| CHURCHILL MORTGAGE CORPORATION | $4,370,000 | $3,680,000 | -15.8% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $9,220,000 | $3,630,000 | -60.6% | 0.4% |
| UNION HOME MORTGAGE CORP. | $4,865,000 | $3,605,000 | -25.9% | 0.4% |
| Macatawa Bank | $2,360,000 | $3,555,000 | 50.6% | 0.4% |
| Mercantile Bank of Michigan | $39,555,000 | $3,475,000 | -91.2% | 0.4% |
| NORTHERN MORTGAGE SERVICES, LLC | $4,115,000 | $3,435,000 | -16.5% | 0.4% |
| MMS MORTGAGE SERVICES, LTD. | $6,300,000 | $3,430,000 | -45.6% | 0.4% |
| MEMBER FIRST MORTGAGE, LLC | $11,910,000 | $3,390,000 | -71.5% | 0.4% |
| ORIX REAL ESTATE CAPITAL, LLC | $3,305,000 | n/a | 0.4% | |
| Carrington Mortgage Services, LLC | $3,270,000 | $3,300,000 | 0.9% | 0.4% |
| Hometown Lenders, Inc. | $1,835,000 | $3,085,000 | 68.1% | 0.4% |
| TRIAD FINANCIAL SERVICES, INC. | $3,550,000 | $3,050,000 | -14.1% | 0.4% |
| Wells Fargo Bank | $11,835,000 | $2,910,000 | -75.4% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $3,420,000 | $2,880,000 | -15.8% | 0.4% |
| Horizon Bank | $3,365,000 | $2,760,000 | -18.0% | 0.3% |
| MORTGAGE CENTER L.C | $4,295,000 | $2,605,000 | -39.3% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,735,000 | $2,600,000 | -30.4% | 0.3% |
| COREVEST AMERICAN FINANCE LENDER LLC | $2,585,000 | n/a | 0.3% | |
| BROKER SOLUTIONS, INC. | $2,800,000 | $2,545,000 | -9.1% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $7,055,000 | $2,510,000 | -64.4% | 0.3% |
| West Michigan Community Bank | $1,275,000 | $2,505,000 | 96.5% | 0.3% |
| NEWREZ LLC | $11,810,000 | $2,500,000 | -78.8% | 0.3% |
| INLANTA MORTGAGE, INC. | $1,865,000 | $2,485,000 | 33.2% | 0.3% |
| HOME POINT FINANCIAL CORPORATION | $3,540,000 | $2,320,000 | -34.5% | 0.3% |
| The Dart Bank | $1,930,000 | $2,305,000 | 19.4% | 0.3% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $1,960,000 | $2,230,000 | 13.8% | 0.3% |
| MEMBERS FIRST Credit Union | $300,000 | $2,030,000 | 576.7% | 0.2% |
| GreenStone Farm Credit Services, FLCA | $4,610,000 | $1,970,000 | -57.3% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $4,480,000 | $1,955,000 | -56.4% | 0.2% |
| The Federal Savings Bank | $1,685,000 | $1,825,000 | 8.3% | 0.2% |
| AMERIFIRST FINANCIAL CORPORATION | $2,315,000 | $1,805,000 | -22.0% | 0.2% |
| COMMUNITY CHOICE CREDIT UNION | $310,000 | $1,755,000 | 466.1% | 0.2% |
| First Merchants Bank | $210,000 | $1,730,000 | 723.8% | 0.2% |
| NEW DAY FINANCIAL, LLC | $4,040,000 | $1,705,000 | -57.8% | 0.2% |
| MICHIGAN FIRST CREDIT UNION | $1,130,000 | $1,700,000 | 50.4% | 0.2% |
| Bank of America | $3,660,000 | $1,670,000 | -54.4% | 0.2% |
| GERBER FEDERAL CREDIT UNION | $3,190,000 | $1,640,000 | -48.6% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $785,000 | $1,630,000 | 107.6% | 0.2% |
| AMERICAN FINANCING CORPORATION | $2,290,000 | $1,540,000 | -32.8% | 0.2% |
| Old National Bank | $6,335,000 | $1,540,000 | -75.7% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,495,000 | $1,450,000 | -3.0% | 0.2% |
| 21ST MORTGAGE CORPORATION | $1,865,000 | $1,365,000 | -26.8% | 0.2% |
| AAC Credit Union | $4,780,000 | $1,345,000 | -71.9% | 0.2% |
| MICHIGAN MUTUAL, INC. | $1,425,000 | $1,305,000 | -8.4% | 0.2% |
| AmeriHome Mortgage Company, LLC | $1,710,000 | $1,295,000 | -24.3% | 0.2% |
| Adventure Credit Union | $1,595,000 | $1,285,000 | -19.4% | 0.2% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $1,350,000 | $1,285,000 | -4.8% | 0.2% |
| FINANCE OF AMERICA MORTGAGE LLC | $9,445,000 | $1,250,000 | -86.8% | 0.2% |
| CREDIT UNION ONE | $1,015,000 | $1,225,000 | 20.7% | 0.2% |
| PREFERRED CREDIT UNION | $390,000 | $1,220,000 | 212.8% | 0.2% |
| STOCKTON MORTGAGE CORPORATION | $1,145,000 | $1,215,000 | 6.1% | 0.1% |
| UNITED | $1,000,000 | $1,205,000 | 20.5% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $2,535,000 | $1,175,000 | -53.6% | 0.1% |
| DFCU FINANCIAL | $510,000 | $1,150,000 | 125.5% | 0.1% |
| BM Real Estate Services, Inc. | $2,345,000 | $1,125,000 | -52.0% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $490,000 | $1,120,000 | 128.6% | 0.1% |
| U.S. Bank | $1,095,000 | $1,075,000 | -1.8% | 0.1% |
| RUOFF MORTGAGE COMPANY, INC. | $3,495,000 | $1,015,000 | -71.0% | 0.1% |
| BETTER MORTGAGE CORPORATION | $2,355,000 | $1,000,000 | -57.5% | 0.1% |
| Truist | $210,000 | $995,000 | 373.8% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $3,190,000 | $990,000 | -69.0% | 0.1% |
| Family Financial Credit Union | $945,000 | n/a | 0.1% | |
| Citizens Bank | $940,000 | $940,000 | 0.0% | 0.1% |
| Honor Credit Union | $2,100,000 | $940,000 | -55.2% | 0.1% |
| United Bank of Michigan | $2,465,000 | $935,000 | -62.1% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,000,000 | $890,000 | -11.0% | 0.1% |
| Figure Lending LLC | $450,000 | $880,000 | 95.6% | 0.1% |
| CIVIC FINANCIAL SERVICES, LLC | $865,000 | n/a | 0.1% | |
| First National Bank of America | $1,735,000 | $845,000 | -51.3% | 0.1% |
| Union Bank | $840,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $1,905,000 | $830,000 | -56.4% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,380,000 | $795,000 | -42.4% | 0.1% |
| Citadel Servicing Corporation | $780,000 | n/a | 0.1% | |
| FIRST COMMUNITY MORTGAGE, INC. | $770,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,170,000 | $760,000 | -35.0% | 0.1% |
| ZILLOW HOME LOANS, LLC | $460,000 | $720,000 | 56.5% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $2,270,000 | $680,000 | -70.0% | 0.1% |
| CLEARPATH LENDING | $1,885,000 | $680,000 | -63.9% | 0.1% |
| Grand River Bank | $895,000 | $680,000 | -24.0% | 0.1% |
| LIMA ONE CAPITAL, LLC | $620,000 | $635,000 | 2.4% | 0.1% |
| ARBOR FINANCIAL CREDIT UNION | $890,000 | $630,000 | -29.2% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $630,000 | n/a | 0.1% | |
| LENDINGONE, LLC | $620,000 | n/a | 0.1% | |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $615,000 | n/a | 0.1% | |
| J. VIRGIL, INC. | $615,000 | $610,000 | -0.8% | 0.1% |
| Austin Capital Bank SSB | $590,000 | n/a | 0.1% | |
| Discover Bank | $155,000 | $585,000 | 277.4% | 0.1% |
| PHH Mortgage Corporation | $220,000 | $585,000 | 165.9% | 0.1% |
| Raymond James Bank | $580,000 | n/a | 0.1% | |
| Highpoint Community Bank | $505,000 | $565,000 | 11.9% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $735,000 | $550,000 | -25.2% | 0.1% |
| Ally Bank | $735,000 | $545,000 | -25.9% | 0.1% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $4,115,000 | $535,000 | -87.0% | 0.1% |
| FIRST HERITAGE FINANCIAL, LLC | $95,000 | $535,000 | 463.2% | 0.1% |
| LOANPAL, LLC | $770,000 | $535,000 | -30.5% | 0.1% |
| TEAM ONE CREDIT UNION | $400,000 | $505,000 | 26.3% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $915,000 | $480,000 | -47.5% | 0.1% |
| AMERICAN ADVISORS GROUP | $465,000 | $460,000 | -1.1% | 0.1% |
| Nations Lending Corporation | $780,000 | $455,000 | -41.7% | 0.1% |
| MICHIGAN ONE COMMUNITY Credit Union | $315,000 | $440,000 | 39.7% | 0.1% |
| Preston Home Loans Inc | $235,000 | $430,000 | 83.0% | 0.1% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $105,000 | $430,000 | 309.5% | 0.1% |
| EVERETT FINANCIAL, INC. | $215,000 | $420,000 | 95.3% | 0.1% |
| Union Bank and Trust Company | $405,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $875,000 | $390,000 | -55.4% | 0.0% |
| Merchants Bank of Indiana | $385,000 | n/a | 0.0% | |
| My Personal Credit Union | $375,000 | n/a | 0.0% | |
| ACADEMY MORTGAGE CORPORATION | $1,060,000 | $370,000 | -65.1% | 0.0% |
| Low VA Rates, LLC | $155,000 | $370,000 | 138.7% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $265,000 | $370,000 | 39.6% | 0.0% |
| Dundee Bank | $345,000 | n/a | 0.0% | |
| GVC MORTGAGE, INC. | $2,350,000 | $335,000 | -85.7% | 0.0% |
| SIRVA MORTGAGE, INC. | $295,000 | $335,000 | 13.6% | 0.0% |
| GENEVA FINANCIAL, LLC | $95,000 | $325,000 | 242.1% | 0.0% |
| Amerifirst Financial, Inc. | $315,000 | n/a | 0.0% | |
| OAK MORTGAGE, LLC | $305,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $175,000 | $295,000 | 68.6% | 0.0% |
| Busey Bank | $295,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $550,000 | $290,000 | -47.3% | 0.0% |
| Meijer Credit Union | $285,000 | n/a | 0.0% | |
| Plains Commerce Bank | $285,000 | n/a | 0.0% | |
| Platinum Home Mortgage Corporation | $285,000 | n/a | 0.0% | |
| REVERSE MORTGAGE FUNDING LLC | $285,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $280,000 | n/a | 0.0% | |
| THE ANDERSON FINANCIAL GROUP, INC. | $275,000 | n/a | 0.0% | |
| Wyndham Capital Mortgage, Inc. | $620,000 | $275,000 | -55.6% | 0.0% |
| Commerce Home Mortgage, Inc. | $405,000 | $270,000 | -33.3% | 0.0% |
| First State Bank | $265,000 | n/a | 0.0% | |
| GUIDANCE RESIDENTIAL, LLC | $265,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $140,000 | $260,000 | 85.7% | 0.0% |
| Colonial Savings, F.A. | $255,000 | n/a | 0.0% | |
| First Community Bank | $255,000 | n/a | 0.0% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $215,000 | $250,000 | 16.3% | 0.0% |
| Lake Trust Credit Union | $770,000 | $250,000 | -67.5% | 0.0% |
| M&T Bank | $590,000 | $240,000 | -59.3% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $1,175,000 | $235,000 | -80.0% | 0.0% |
| GSF Mortgage Corporation | $295,000 | $235,000 | -20.3% | 0.0% |
| Community West Credit Union | $280,000 | $220,000 | -21.4% | 0.0% |
| North American Savings Bank, F.S.B. | $265,000 | $215,000 | -18.9% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $540,000 | $215,000 | -60.2% | 0.0% |
| Deere Employees Credit Union | $210,000 | n/a | 0.0% | |
| FreeStar Financial Credit Union | $205,000 | n/a | 0.0% | |
| Black Hills Community Bank | $195,000 | n/a | 0.0% | |
| STAUNTON FINANCIAL, INC. | $1,255,000 | $195,000 | -84.5% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $190,000 | n/a | 0.0% | |
| COMMUNITYAMERICA | $185,000 | n/a | 0.0% | |
| Ameris Bank | $235,000 | $180,000 | -23.4% | 0.0% |
| PLANET HOME LENDING, LLC | $140,000 | $180,000 | 28.6% | 0.0% |
| First Guaranty Mortgage Corporation | $1,910,000 | $175,000 | -90.8% | 0.0% |
| Lakeview Community Capital, LLC | $175,000 | n/a | 0.0% | |
| CMG MORTGAGE, INC. | $510,000 | $165,000 | -67.6% | 0.0% |
| HOMESITE MORTGAGE, LLC | $165,000 | n/a | 0.0% | |
| The State Bank | $165,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $155,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $380,000 | $155,000 | -59.2% | 0.0% |
| Michigan Educational Credit Union | $155,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $115,000 | $155,000 | 34.8% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $150,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $145,000 | n/a | 0.0% | |
| Morgan Stanley Private Bank | $2,180,000 | $145,000 | -93.3% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $135,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $545,000 | $135,000 | -75.2% | 0.0% |
| MJW Financial LLC | $135,000 | n/a | 0.0% | |
| Centier Bank | $35,000 | $130,000 | 271.4% | 0.0% |
| Bank of England | $390,000 | $125,000 | -67.9% | 0.0% |
| BECKAM FUNDING CORP. | $85,000 | $125,000 | 47.1% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $125,000 | n/a | 0.0% | |
| EMM LOANS LLC | $260,000 | $125,000 | -51.9% | 0.0% |
| Watermark Capital, Inc. | $105,000 | $125,000 | 19.0% | 0.0% |
| Blackhawk Bank | $115,000 | n/a | 0.0% | |
| BLG HOLDINGS, INC. | $115,000 | n/a | 0.0% | |
| Citibank | $460,000 | $115,000 | -75.0% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $115,000 | n/a | 0.0% | |
| STEARNS LENDING, LLC | $8,395,000 | $115,000 | -98.6% | 0.0% |
| TEACHERS CREDIT UNION | $115,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $120,000 | $110,000 | -8.3% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $105,000 | n/a | 0.0% | |
| GENISYS | $145,000 | $105,000 | -27.6% | 0.0% |
| NEXERA HOLDING LLC | $530,000 | $105,000 | -80.2% | 0.0% |
| Chicago Mortgage Solutions LLC | $1,060,000 | $95,000 | -91.0% | 0.0% |
| TLC COMMUNITY Credit Union | $95,000 | n/a | 0.0% | |
| KEMBA FINANCIAL | $85,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $4,135,000 | $85,000 | -97.9% | 0.0% |
| GREENSTATE CREDIT UNION | $75,000 | n/a | 0.0% | |
| The Park National Bank | $75,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $75,000 | n/a | 0.0% | |
| ADVIA | $45,000 | $65,000 | 44.4% | 0.0% |
| KeyBank | $4,085,000 | $65,000 | -98.4% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $65,000 | n/a | 0.0% | |
| GreenStone Farm Credit Services, ACA | $55,000 | n/a | 0.0% | |
| CASE | $35,000 | n/a | 0.0% | |
| People Driven Credit Union | $35,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $310,000 | $25,000 | -91.9% | 0.0% |
| NUMARK CREDIT UNION | $25,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $15,000 | n/a | 0.0% |
MUSKEGON's top lender by overall market share is LAKE MICHIGAN CREDIT UNION, with 16.8% market share. In second place, with 7.3%, is MORTGAGE 1 INCORPORATED, having originated $58,990,000 in loans. In third place, with 6.1%, is QUICKEN LOANS, LLC, having originated $49,410,000 in loans. In fourth place, with 5.4%, is VAN DYK MORTGAGE CORPORATION, having originated $43,595,000 in loans. In fifth place, with 5.1%, is The Huntington National Bank, having originated $41,160,000 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 (5.5%) | $246,666 (5.0%) | 0.54 | 531 |
| 2018-09-01 | $154,900 (3.3%) | $241,272 (3.9%) | 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 | $179,900 (0.0%) | $249,485 (-8.5%) | 0.60 | 391 |
| 2019-04-01 | $190,975 (10.9%) | $250,959 (-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 | $201,950 (24.7%) | $290,549 (17.8%) | 0.63 | 454 |
| 2019-09-01 | $197,950 (27.8%) | $286,104 (18.6%) | 0.62 | 474 |
| 2019-10-01 | $179,900 (10.6%) | $250,534 (4.4%) | 0.58 | 546 |
| 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 (3.6%) | $279,193 (11.9%) | 0.58 | 406 |
| 2020-04-01 | $207,400 (8.6%) | $287,990 (14.8%) | 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 (18.8%) | $362,562 (24.8%) | 0.69 | 298 |
| 2020-09-01 | $234,900 (18.7%) | $337,954 (18.1%) | 0.67 | 281 |
| 2020-10-01 | $210,000 (16.7%) | $306,846 (22.5%) | 0.60 | 303 |
| 2020-11-01 | $193,675 (10.7%) | $291,224 (16.5%) | 0.57 | 276 |
| 2020-12-01 | $189,900 (16.0%) | $262,708 (4.5%) | 0.56 | 219 |
| 2021-01-01 | $184,900 (9.0%) | $268,684 (2.7%) | 0.55 | 179 |
| 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 | $196,400 (-5.3%) | $300,302 (4.3%) | 0.53 | 131 |
| 2021-05-01 | $200,000 (-7.0%) | $285,791 (-6.6%) | 0.53 | 152 |
| 2021-06-01 | $213,650 (-12.4%) | $286,447 (-15.3%) | 0.56 | 184 |
| 2021-07-01 | $212,450 (-13.1%) | $274,068 (-20.5%) | 0.56 | 221 |
| 2021-08-01 | $201,200 (-16.1%) | $283,306 (-21.9%) | 0.54 | 235 |
| 2021-09-01 | $197,200 (-16.1%) | $290,763 (-14.0%) | 0.53 | 248 |
| 2021-10-01 | $205,000 (-2.4%) | $295,767 (-3.6%) | 0.55 | 233 |
| 2021-11-01 | $189,900 (-2.0%) | $284,309 (-2.4%) | 0.51 | 213 |
| 2021-12-01 | $191,950 (1.1%) | $286,511 (9.1%) | 0.52 | 178 |
| 2022-01-01 | $199,900 (8.1%) | $321,407 (19.6%) | 0.54 | 123 |
| 2022-02-01 | $219,650 (9.8%) | $325,764 (17.1%) | 0.57 | 120 |
| 2022-03-01 | $202,450 (4.5%) | $323,161 (15.8%) | 0.51 | 142 |
| 2022-04-01 | $209,900 (6.9%) | $311,316 (3.7%) | 0.50 | 138 |
| 2022-05-01 | $214,925 (7.5%) | $312,592 (9.4%) | 0.49 | 193 |
| 2022-06-01 | $233,850 (9.5%) | $308,988 (7.9%) | 0.52 | 220 |
| 2022-07-01 | $239,900 (12.9%) | $304,472 (11.1%) | 0.54 | 269 |
| 2022-08-01 | $247,675 (23.1%) | $312,453 (10.3%) | 0.57 | 301 |
| 2022-09-01 | $237,675 (20.5%) | $305,692 (5.1%) | 0.56 | 275 |
| 2022-10-01 | $229,700 (12.1%) | $300,907 (1.7%) | 0.54 | 305 |
| 2022-11-01 | $219,950 (15.8%) | $296,711 (4.4%) | 0.53 | 299 |
| 2022-12-01 | $199,900 (4.1%) | $264,299 (-7.8%) | 0.49 | 279 |
| 2023-01-01 | $192,450 (-3.7%) | $262,692 (-18.3%) | 0.48 | 237 |
| 2023-02-01 | $196,000 (-10.8%) | $266,914 (-18.1%) | 0.47 | 201 |
| 2023-03-01 | $218,675 (8.0%) | $277,251 (-14.2%) | 0.52 | 166 |
| 2023-04-01 | $220,000 (4.8%) | $298,155 (-4.2%) | 0.51 | 161 |
MUSKEGON's median listing price for 2023-04-01 was $220,000, a difference of
$10,100
(4.8%) versus the prior year and
$1,325 versus the prior month.
MUSKEGON's median listing price comes in at 51% of the national average.
MUSKEGON's average listing price for 2023-04-01 was $298,155, a difference of $-13,161 (-4.2%) versus the prior year and $20,904 versus the prior month.
For the 2023-04-01 period, MUSKEGON had 161 MLS listings, a difference of -5 listings (-3%) versus the prior month and 23 listings (17%) versus the prior year.
MUSKEGON's median listing price comes in at 51% of the national average.
MUSKEGON's average listing price for 2023-04-01 was $298,155, a difference of $-13,161 (-4.2%) versus the prior year and $20,904 versus the prior month.
For the 2023-04-01 period, MUSKEGON had 161 MLS listings, a difference of -5 listings (-3%) versus the prior month and 23 listings (17%) 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 | 1,612 sqft |
| 2018-02-01 | 73 days | 1,639 sqft |
| 2018-03-01 | 60 days | 1,698 sqft |
| 2018-04-01 | 50 days | 1,660 sqft |
| 2018-05-01 | 49 days | 1,680 sqft |
| 2018-06-01 | 38 days | 1,710 sqft |
| 2018-07-01 | 46 days | 1,651 sqft |
| 2018-08-01 | 43 days | 1,648 sqft |
| 2018-09-01 | 51 days | 1,641 sqft |
| 2018-10-01 | 52 days | 1,647 sqft |
| 2018-11-01 | 52 days | 1,612 sqft |
| 2018-12-01 | 64 days | 1,574 sqft |
| 2019-01-01 | 75 days | 1,565 sqft |
| 2019-02-01 | 75 days | 1,607 sqft |
| 2019-03-01 | 65 days | 1,634 sqft |
| 2019-04-01 | 58 days | 1,678 sqft |
| 2019-05-01 | 52 days | 1,800 sqft |
| 2019-06-01 | 33 days | 1,830 sqft |
| 2019-07-01 | 37 days | 1,820 sqft |
| 2019-08-01 | 46 days | 1,782 sqft |
| 2019-09-01 | 55 days | 1,798 sqft |
| 2019-10-01 | 44 days | 1,715 sqft |
| 2019-11-01 | 56 days | 1,661 sqft |
| 2019-12-01 | 69 days | 1,593 sqft |
| 2020-01-01 | 74 days | 1,607 sqft |
| 2020-02-01 | 68 days | 1,539 sqft |
| 2020-03-01 | 52 days | 1,550 sqft |
| 2020-04-01 | 65 days | 1,566 sqft |
| 2020-05-01 | 72 days | 1,652 sqft |
| 2020-06-01 | 69 days | 1,652 sqft |
| 2020-07-01 | 47 days | 1,663 sqft |
| 2020-08-01 | 46 days | 1,616 sqft |
| 2020-09-01 | 50 days | 1,557 sqft |
| 2020-10-01 | 47 days | 1,521 sqft |
| 2020-11-01 | 48 days | 1,512 sqft |
| 2020-12-01 | 58 days | 1,459 sqft |
| 2021-01-01 | 55 days | 1,442 sqft |
| 2021-02-01 | 40 days | 1,379 sqft |
| 2021-03-01 | 36 days | 1,396 sqft |
| 2021-04-01 | 36 days | 1,423 sqft |
| 2021-05-01 | 32 days | 1,478 sqft |
| 2021-06-01 | 30 days | 1,513 sqft |
| 2021-07-01 | 30 days | 1,512 sqft |
| 2021-08-01 | 30 days | 1,536 sqft |
| 2021-09-01 | 36 days | 1,519 sqft |
| 2021-10-01 | 39 days | 1,524 sqft |
| 2021-11-01 | 47 days | 1,455 sqft |
| 2021-12-01 | 51 days | 1,434 sqft |
| 2022-01-01 | 54 days | 1,422 sqft |
| 2022-02-01 | 46 days | 1,454 sqft |
| 2022-03-01 | 31 days | 1,455 sqft |
| 2022-04-01 | 30 days | 1,484 sqft |
| 2022-05-01 | 27 days | 1,472 sqft |
| 2022-06-01 | 30 days | 1,562 sqft |
| 2022-07-01 | 32 days | 1,560 sqft |
| 2022-08-01 | 37 days | 1,565 sqft |
| 2022-09-01 | 43 days | 1,565 sqft |
| 2022-10-01 | 40 days | 1,565 sqft |
| 2022-11-01 | 45 days | 1,529 sqft |
| 2022-12-01 | 49 days | 1,502 sqft |
| 2023-01-01 | 60 days | 1,430 sqft |
| 2023-02-01 | 61 days | 1,429 sqft |
| 2023-03-01 | 45 days | 1,472 sqft |
| 2023-04-01 | 39 days | 1,560 sqft |
MUSKEGON's median listing age (time on market) for 2023-04-01 was 39 days.
This
is 28%
longer
than the same period one year ago.
MUSKEGON's median square footage for active listings during the 2023-04-01 period was 1,560 sqft. One year prior, the average listing was 1,484 sqft.
MUSKEGON's median square footage for active listings during the 2023-04-01 period was 1,560 sqft. One year prior, the average listing was 1,484 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.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 49303 | Muskegon, MI | $670 | $740 | $900 | $1,180 | $1,360 |
| 49318 | Muskegon, MI | $730 | $740 | $910 | $1,180 | $1,360 |
| 49327 | Muskegon, MI | $700 | $750 | $910 | $1,190 | $1,360 |
| 49330 | Muskegon, MI | $730 | $760 | $920 | $1,200 | $1,360 |
| 49403 | Muskegon, MI | $850 | $890 | $1,020 | $1,390 | $1,450 |
| 49404 | Muskegon, MI | $730 | $740 | $850 | $1,180 | $1,300 |
| 49412 | Muskegon, MI | $560 | $620 | $810 | $1,030 | $1,100 |
| 49415 | Muskegon, MI | $730 | $740 | $890 | $1,180 | $1,300 |
| 49425 | Muskegon, MI | $610 | $680 | $890 | $1,140 | $1,210 |
| 49437 | Muskegon, MI | $540 | $580 | $760 | $970 | $1,030 |
| 49440 | Muskegon, MI | $540 | $580 | $760 | $970 | $1,030 |
| 49441 | Muskegon, MI | $610 | $680 | $890 | $1,140 | $1,210 |
| 49442 | Muskegon, MI | $590 | $650 | $850 | $1,080 | $1,150 |
| 49443 | Muskegon, MI | $590 | $660 | $860 | $1,100 | $1,170 |
| 49444 | Muskegon, MI | $600 | $670 | $870 | $1,110 | $1,180 |
| 49445 | Muskegon, MI | $640 | $710 | $930 | $1,190 | $1,260 |
| 49448 | Muskegon, MI | $730 | $740 | $860 | $1,180 | $1,300 |
| 49451 | Muskegon, MI | $730 | $740 | $850 | $1,180 | $1,300 |
| 49456 | Muskegon, MI | $770 | $800 | $920 | $1,260 | $1,310 |
| 49457 | Muskegon, MI | $610 | $670 | $880 | $1,120 | $1,190 |
| 49461 | Muskegon, MI | $590 | $650 | $850 | $1,080 | $1,150 |
2022 Average & Median Rent Data Statistics
MUSKEGON, MI average 1BR rent: $704, median: $710
MUSKEGON, MI average 2BR rent: $875, median: $880
MUSKEGON, MI average 3BR rent: $1,145, median: $1,180
MUSKEGON, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,420 | $487,390,000 | $201,401 |
| Cash Out Refi | 1,052 | $158,450,000 | $150,618 |
| Refi | 653 | $99,725,000 | $152,718 |
| Home Improvement | 521 | $35,755,000 | $68,628 |
| Other | 366 | $31,990,000 | $87,404 |
Muskegon's most frequently cited loan purpose was Home Purchase, with 2,420 originations. The 2nd most popular reason was Cash Out Refi, with 1,052 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1,304 | $212,860,000 | $163,236 |
| 3-4% | 1,067 | $187,355,000 | $175,590 |
| 4-5% | 1,037 | $177,185,000 | $170,863 |
| 6-7% | 766 | $127,370,000 | $166,279 |
| 2.5-3% | 256 | $39,680,000 | $155,000 |
| 7-8% | 247 | $28,095,000 | $113,745 |
| Over 8% | 167 | $10,315,000 | $61,766 |
| <2.5% | 93 | $18,045,000 | $194,032 |
During 2022, Muskegon's most frequently originated rate bucket was 5-6%, with 1,304 originations.
Loan Sizing (MUSKEGON, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 2,082 | $303,410,000 | $145,730 |
| $100,000 or less | 1,643 | $95,705,000 | $58,250 |
| $200k-400k | 1,113 | $291,235,000 | $261,667 |
| $400k-600k | 124 | $57,610,000 | $464,597 |
| $600k-1000k | 35 | $25,305,000 | $723,000 |
| $Over $1MM | 15 | $40,045,000 | $2,669,667 |
MUSKEGON's loan sizing saw the bucket of loans from $100k-200k with 2,082 originations, totaling $303,410,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,874 | $382,710,000 | $204,221 |
| 60-80% | 1,238 | $227,200,000 | $183,522 |
| 40-60% | 648 | $96,340,000 | $148,673 |
| 20-40% | 608 | $57,740,000 | $94,967 |
| Under 20% | 477 | $17,625,000 | $36,950 |
| Over 100% | 34 | $13,490,000 | $396,765 |
MUSKEGON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,874 originations, totaling $382,710,000 in origination value.