NILES Mortgage Rates
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Niles averaged
5.51%
for the week of 2022-05-19, compared to the national average of
5.25% for the same period.
The average rate for the prior week (2022-05-12) was
5.46% and
one month ago for the week of 2022-04-14, the
average rate was 5.36%.
Niles's average rate one year ago was 3.21%.
For refis of the same type during the week of 2022-05-19, the average rate
was 5.19%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-05-19 | 5.25% |
| Niles 30 Year Fixed Rate | 2022-05-19 | 5.51% |
| Niles 30 Year Fixed Rate Refi | 2022-05-19 | 5.19% |
| Niles 15 Year Fixed Rate | 2022-05-19 | 4.96% |
| Niles 15 Year Fixed Rate Refi | 2022-05-19 | 4.45% |
| Niles 30 Year FHA | 2022-05-19 | 5.78% |
| Niles 30 Year FHA Refi | 2022-05-19 | 5.38% |
| Niles 30 Year USDA | 2022-05-19 | 5.89% |
| Niles 30 Year USDA Refi | 2022-05-19 | 5.84% |
| Niles 30 Year VA | 2022-05-19 | 5.38% |
| Niles 30 Year VA Refi | 2022-05-19 | 5.26% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within NILES, MI.
NILES 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 NILES, 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.).
NILES, MI's 227 lenders originated 7,699
loans during 2021. The total origination value was $1,658,205,000, with an average loan value of
$215,379.
The top NILES lender as defined by loan originations is UNITED, with
473 loans originated. Their average total fees are
$3,328, which is $865
higher than the next largest lender,
Honor Credit Union.
The lowest fee NILES lenders (with over 10 loans originated) are
Edgewater Bank ($2,145), RUOFF MORTGAGE COMPANY, INC. ($2,228), Circle Federal Credit Union ($2,405), JPMorgan Chase Bank ($2,408) and Honor Credit Union ($2,463).
The lowest rate NILES lenders (with over 10 loans originated) are
Bank of America (2.74%), BLUELEAF LENDING, LLC (2.83%), Edgewater Bank (2.90%), PNC Bank (2.90%) and FIRST CENTENNIAL MORTGAGE CORPORATION (2.92%).
NILES, 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| UNITED | $185,995,000 | $183,160,000 | -1.5% | 11.0% |
| Honor Credit Union | $154,410,000 | $148,400,000 | -3.9% | 8.9% |
| QUICKEN LOANS, LLC | $87,045,000 | $116,700,000 | 34.1% | 7.0% |
| OAK MORTGAGE, LLC | $62,895,000 | $85,215,000 | 35.5% | 5.1% |
| Horizon Bank | $82,005,000 | $76,055,000 | -7.3% | 4.6% |
| GUARANTEED RATE, INC. | $40,830,000 | $56,430,000 | 38.2% | 3.4% |
| Fifth Third Bank | $49,880,000 | $54,190,000 | 8.6% | 3.3% |
| JPMorgan Chase Bank | $61,880,000 | $51,470,000 | -16.8% | 3.1% |
| AMERIFIRST FINANCIAL CORPORATION | $42,125,000 | $38,645,000 | -8.3% | 2.3% |
| RUOFF MORTGAGE COMPANY, INC. | $35,955,000 | $30,080,000 | -16.3% | 1.8% |
| Associated Bank | $13,535,000 | $27,765,000 | 105.1% | 1.7% |
| The Huntington National Bank | $17,200,000 | $27,475,000 | 59.7% | 1.7% |
| Independent Bank | $37,210,000 | $27,370,000 | -26.4% | 1.7% |
| Bank of America | $19,205,000 | $25,680,000 | 33.7% | 1.5% |
| KeyBank | $2,445,000 | $23,905,000 | 877.7% | 1.4% |
| LOANDEPOT.COM, LLC | $14,945,000 | $23,010,000 | 54.0% | 1.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $16,355,000 | $22,680,000 | 38.7% | 1.4% |
| TEACHERS CREDIT UNION | $17,970,000 | $21,290,000 | 18.5% | 1.3% |
| LAKE MICHIGAN CREDIT UNION | $20,205,000 | $20,370,000 | 0.8% | 1.2% |
| Flagstar Bank, FSB | $12,690,000 | $18,725,000 | 47.6% | 1.1% |
| 1st Source Bank | $28,005,000 | $17,565,000 | -37.3% | 1.1% |
| Wells Fargo Bank | $18,955,000 | $16,415,000 | -13.4% | 1.0% |
| BERKELEY POINT CAPITAL LLC | $16,375,000 | $16,375,000 | 0.0% | 1.0% |
| Edgewater Bank | $56,595,000 | $14,480,000 | -74.4% | 0.9% |
| Circle Federal Credit Union | $11,935,000 | $14,180,000 | 18.8% | 0.9% |
| WALKER & DUNLOP, LLC | $12,605,000 | n/a | 0.8% | |
| Notre Dame Federal Credit Union Corporation | $8,195,000 | $12,485,000 | 52.3% | 0.8% |
| Mortgage Research Center, LLC | $7,480,000 | $12,290,000 | 64.3% | 0.7% |
| PROPER RATE, LLC | $6,275,000 | $12,085,000 | 92.6% | 0.7% |
| Barrington Bank & Trust Company, N.A. | $8,435,000 | $12,040,000 | 42.7% | 0.7% |
| Arbor Realty Trust, Inc. | $11,525,000 | n/a | 0.7% | |
| FREEDOM MORTGAGE CORPORATION | $16,885,000 | $11,145,000 | -34.0% | 0.7% |
| U.S. Bank | $13,535,000 | $10,580,000 | -21.8% | 0.6% |
| BETTER MORTGAGE CORPORATION | $3,050,000 | $10,455,000 | 242.8% | 0.6% |
| DRAPER AND KRAMER MORTGAGE CORP. | $10,100,000 | $10,120,000 | 0.2% | 0.6% |
| CIBC Bank USA | $5,190,000 | $9,605,000 | 85.1% | 0.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $11,950,000 | $9,575,000 | -19.9% | 0.6% |
| HALLMARK HOME MORTGAGE, LLC | $7,080,000 | $9,390,000 | 32.6% | 0.6% |
| PNC Bank | $6,885,000 | $9,360,000 | 35.9% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $2,685,000 | $9,295,000 | 246.2% | 0.6% |
| Old National Bank | $6,155,000 | $8,430,000 | 37.0% | 0.5% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,590,000 | $7,790,000 | 200.8% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $6,060,000 | $7,485,000 | 23.5% | 0.5% |
| BMO Harris Bank | $8,860,000 | $7,430,000 | -16.1% | 0.4% |
| Citibank | $6,235,000 | $7,345,000 | 17.8% | 0.4% |
| First Federal Savings Bank | $9,180,000 | $6,300,000 | -31.4% | 0.4% |
| NEWREZ LLC | $1,655,000 | $6,105,000 | 268.9% | 0.4% |
| INLAND BANK & TRUST | $1,040,000 | $6,095,000 | 486.1% | 0.4% |
| Morgan Stanley Private Bank | $5,780,000 | $6,095,000 | 5.4% | 0.4% |
| UNION HOME MORTGAGE CORP. | $5,190,000 | $6,050,000 | 16.6% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $2,195,000 | $5,890,000 | 168.3% | 0.4% |
| CONSUMERS | $3,980,000 | $5,800,000 | 45.7% | 0.3% |
| HOME POINT FINANCIAL CORPORATION | $1,535,000 | $5,490,000 | 257.7% | 0.3% |
| TCF National Bank | $21,255,000 | $5,455,000 | -74.3% | 0.3% |
| CALIBER HOME LOANS, INC. | $5,190,000 | $5,355,000 | 3.2% | 0.3% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $6,195,000 | $5,345,000 | -13.7% | 0.3% |
| ARBOR FINANCIAL CREDIT UNION | $1,755,000 | $5,285,000 | 201.1% | 0.3% |
| BLUELEAF LENDING, LLC | $7,370,000 | $5,080,000 | -31.1% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $4,350,000 | $4,845,000 | 11.4% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,135,000 | $4,840,000 | 17.0% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $3,395,000 | $4,290,000 | 26.4% | 0.3% |
| Centier Bank | $2,550,000 | $4,275,000 | 67.6% | 0.3% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $1,155,000 | $4,210,000 | 264.5% | 0.3% |
| GUARANTEED RATE AFFINITY, LLC | $2,635,000 | $3,980,000 | 51.0% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $2,115,000 | $3,905,000 | 84.6% | 0.2% |
| Gold Coast Bank | $1,585,000 | $3,865,000 | 143.8% | 0.2% |
| FINANCE OF AMERICA MORTGAGE LLC | $3,240,000 | $3,675,000 | 13.4% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,150,000 | $3,660,000 | 70.2% | 0.2% |
| COMPASS MORTGAGE, INC. | $4,690,000 | $3,645,000 | -22.3% | 0.2% |
| GreenStone Farm Credit Services, FLCA | $3,160,000 | $3,560,000 | 12.7% | 0.2% |
| First Midwest Bank | $5,080,000 | $3,535,000 | -30.4% | 0.2% |
| Mercantile Bank of Michigan | $1,705,000 | $3,505,000 | 105.6% | 0.2% |
| Prosperity Home Mortgage, LLC | $6,070,000 | $3,250,000 | -46.5% | 0.2% |
| USAA Federal Savings Bank | $3,920,000 | $2,985,000 | -23.9% | 0.2% |
| BROKER SOLUTIONS, INC. | $1,900,000 | $2,895,000 | 52.4% | 0.2% |
| The Northern Trust Company | $2,340,000 | $2,845,000 | 21.6% | 0.2% |
| Hometown Lenders, Inc. | $610,000 | $2,765,000 | 353.3% | 0.2% |
| MORTGAGE 1 INCORPORATED | $1,310,000 | $2,730,000 | 108.4% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $1,395,000 | $2,475,000 | 77.4% | 0.1% |
| Northpointe Bank | $1,670,000 | $2,455,000 | 47.0% | 0.1% |
| UBS Bank USA | $3,570,000 | $2,455,000 | -31.2% | 0.1% |
| Goldman Sachs Bank USA | $1,820,000 | $2,280,000 | 25.3% | 0.1% |
| Raymond James Bank | $840,000 | $2,270,000 | 170.2% | 0.1% |
| Reliant Bank | $2,200,000 | n/a | 0.1% | |
| Northwest Bank | $2,805,000 | $2,180,000 | -22.3% | 0.1% |
| Neighborhood Loans, Inc. | $1,260,000 | $2,175,000 | 72.6% | 0.1% |
| West Suburban Bank | $1,685,000 | $2,060,000 | 22.3% | 0.1% |
| Stifel Bank and Trust | $225,000 | $2,055,000 | 813.3% | 0.1% |
| The First National Bank of Ottawa | $1,015,000 | $2,015,000 | 98.5% | 0.1% |
| InterContinental Capital Group, Inc | $605,000 | $1,990,000 | 228.9% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $1,290,000 | $1,905,000 | 47.7% | 0.1% |
| NEW DAY FINANCIAL, LLC | $2,410,000 | $1,900,000 | -21.2% | 0.1% |
| The Federal Savings Bank | $3,840,000 | $1,845,000 | -52.0% | 0.1% |
| Chicago Mortgage Solutions LLC | $565,000 | $1,835,000 | 224.8% | 0.1% |
| CELEBRITY HOME LOANS, LLC | $1,750,000 | n/a | 0.1% | |
| Key Mortgage Services, Inc. | $1,270,000 | $1,715,000 | 35.0% | 0.1% |
| Citizens Bank | $1,740,000 | $1,710,000 | -1.7% | 0.1% |
| Wintrust Bank, N.A. | $1,700,000 | n/a | 0.1% | |
| Sturgis Bank & Trust Company | $1,050,000 | $1,680,000 | 60.0% | 0.1% |
| Grundy Bank | $1,635,000 | n/a | 0.1% | |
| SOFI LENDING CORP. | $840,000 | $1,595,000 | 89.9% | 0.1% |
| Lakeside Bank | $925,000 | $1,580,000 | 70.8% | 0.1% |
| MORTGAGE CENTER L.C | $650,000 | $1,550,000 | 138.5% | 0.1% |
| First Internet Bank of Indiana | $195,000 | $1,540,000 | 689.7% | 0.1% |
| First American Bank | $675,000 | $1,455,000 | 115.6% | 0.1% |
| VILLAGE CAPITAL & INVESTMENT LLC | $2,340,000 | $1,455,000 | -37.8% | 0.1% |
| Ally Bank | $2,085,000 | $1,430,000 | -31.4% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $1,510,000 | $1,425,000 | -5.6% | 0.1% |
| Charles Schwab Bank, SSB | $4,455,000 | $1,385,000 | -68.9% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $2,710,000 | $1,385,000 | -48.9% | 0.1% |
| SELFRELIANCE | $1,385,000 | n/a | 0.1% | |
| MORTGAGE ACCESS CORP. | $445,000 | $1,360,000 | 205.6% | 0.1% |
| FINANCE OF AMERICA COMMERCIAL LLC | $1,350,000 | n/a | 0.1% | |
| First National Bank of Brookfield | $1,265,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $2,025,000 | $1,260,000 | -37.8% | 0.1% |
| Visio Financial Services Inc. | $1,250,000 | n/a | 0.1% | |
| Elements Financial Federal Credit Union | $1,235,000 | n/a | 0.1% | |
| CHERRY CREEK MORTGAGE, LLC | $660,000 | $1,220,000 | 84.8% | 0.1% |
| First Merchants Bank | $380,000 | $1,205,000 | 217.1% | 0.1% |
| 21ST MORTGAGE CORPORATION | $645,000 | $1,175,000 | 82.2% | 0.1% |
| HOMESTEAD FUNDING CORP. | $1,165,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,380,000 | $1,135,000 | -17.8% | 0.1% |
| AmeriHome Mortgage Company, LLC | $920,000 | $1,130,000 | 22.8% | 0.1% |
| INOVA FEDERAL CREDIT UNION | $255,000 | $1,115,000 | 337.3% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $2,210,000 | $1,105,000 | -50.0% | 0.1% |
| Servion, Inc. | $1,105,000 | n/a | 0.1% | |
| ACCELERATE MORTGAGE, LLC | $1,075,000 | n/a | 0.1% | |
| Bank of England | $55,000 | $1,065,000 | 1,836.4% | 0.1% |
| UMB Bank | $1,040,000 | n/a | 0.1% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,005,000 | n/a | 0.1% | |
| Chicago Financial Services, Inc. | $1,930,000 | $1,000,000 | -48.2% | 0.1% |
| MLD MORTGAGE INC. | $970,000 | n/a | 0.1% | |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $830,000 | $920,000 | 10.8% | 0.1% |
| Old Second National Bank | $1,500,000 | $900,000 | -40.0% | 0.1% |
| Mutual Federal Bank | $475,000 | $895,000 | 88.4% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $3,260,000 | $890,000 | -72.7% | 0.1% |
| The Dart Bank | $610,000 | $875,000 | 43.4% | 0.1% |
| EMBRACE HOME LOANS, INC. | $280,000 | $860,000 | 207.1% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $730,000 | $845,000 | 15.8% | 0.1% |
| SUMMIT FUNDING, INC. | $205,000 | $845,000 | 312.2% | 0.1% |
| FirstBank | $1,085,000 | $835,000 | -23.0% | 0.1% |
| MICHIGAN MUTUAL, INC. | $765,000 | $810,000 | 5.9% | 0.0% |
| OCEANSIDE MORTGAGE COMPANY | $1,090,000 | $810,000 | -25.7% | 0.0% |
| AMERICAN ADVISORS GROUP | $210,000 | $805,000 | 283.3% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $520,000 | $800,000 | 53.8% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $865,000 | $780,000 | -9.8% | 0.0% |
| NBKC BANK | $805,000 | $765,000 | -5.0% | 0.0% |
| Three Rivers Federal Credit Union | $640,000 | $755,000 | 18.0% | 0.0% |
| AMERICAN FINANCING CORPORATION | $435,000 | $750,000 | 72.4% | 0.0% |
| Heartland Bank and Trust Company | $195,000 | $750,000 | 284.6% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,515,000 | $750,000 | -50.5% | 0.0% |
| CLEARPATH LENDING | $2,910,000 | $745,000 | -74.4% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $695,000 | $735,000 | 5.8% | 0.0% |
| GENISYS | $145,000 | $730,000 | 403.4% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $175,000 | $710,000 | 305.7% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $700,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $1,275,000 | $685,000 | -46.3% | 0.0% |
| Figure Lending LLC | $185,000 | $685,000 | 270.3% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $940,000 | $685,000 | -27.1% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $325,000 | $675,000 | 107.7% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $1,330,000 | $675,000 | -49.2% | 0.0% |
| ZILLOW HOME LOANS, LLC | $670,000 | n/a | 0.0% | |
| First Guaranty Mortgage Corporation | $780,000 | $665,000 | -14.7% | 0.0% |
| Commerce Bank | $655,000 | n/a | 0.0% | |
| Level One Bank | $1,385,000 | $640,000 | -53.8% | 0.0% |
| Lake City Bank | $1,780,000 | $595,000 | -66.6% | 0.0% |
| PURDUE FEDERAL CREDIT UNION | $310,000 | $585,000 | 88.7% | 0.0% |
| TOWNE MORTGAGE COMPANY | $605,000 | $580,000 | -4.1% | 0.0% |
| GVC MORTGAGE, INC. | $3,630,000 | $575,000 | -84.2% | 0.0% |
| DFCU FINANCIAL | $295,000 | $565,000 | 91.5% | 0.0% |
| ACADEMY MORTGAGE CORPORATION | $210,000 | $560,000 | 166.7% | 0.0% |
| Discover Bank | $70,000 | $560,000 | 700.0% | 0.0% |
| PLANET HOME LENDING, LLC | $850,000 | $560,000 | -34.1% | 0.0% |
| INTERRA CREDIT UNION | $65,000 | $555,000 | 753.8% | 0.0% |
| UNIVERSITY LENDING GROUP, LLC | $165,000 | $545,000 | 230.3% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $525,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $400,000 | $515,000 | 28.8% | 0.0% |
| KINECTA | $515,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $735,000 | $495,000 | -32.7% | 0.0% |
| Comerica Bank | $2,050,000 | $490,000 | -76.1% | 0.0% |
| First Financial Bank | $320,000 | $490,000 | 53.1% | 0.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $475,000 | n/a | 0.0% | |
| Network Funding, L.P. | $475,000 | n/a | 0.0% | |
| Bank of Idaho | $465,000 | n/a | 0.0% | |
| LOANSNAP, INC. | $465,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $1,685,000 | $465,000 | -72.4% | 0.0% |
| Cornerstone National Bank & Trust Company | $750,000 | $450,000 | -40.0% | 0.0% |
| BNC National Bank | $155,000 | $440,000 | 183.9% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $250,000 | $440,000 | 76.0% | 0.0% |
| WesBanco Bank, Inc. | $435,000 | n/a | 0.0% | |
| Bank-Fund Staff Federal Credit Union | $425,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $425,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $420,000 | n/a | 0.0% | |
| STEARNS LENDING, LLC | $290,000 | $420,000 | 44.8% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $405,000 | n/a | 0.0% | |
| Flanagan State Bank | $145,000 | $405,000 | 179.3% | 0.0% |
| Deere Employees Credit Union | $400,000 | n/a | 0.0% | |
| RESIDENTIAL MORTGAGE SERVICES, INC. | $200,000 | $400,000 | 100.0% | 0.0% |
| First State Bank of Middlebury | $390,000 | n/a | 0.0% | |
| Abbott Laboratories Employees Credit Union | $375,000 | n/a | 0.0% | |
| CANOPY MORTGAGE, LLC | $375,000 | n/a | 0.0% | |
| INTERCAP LENDING INC. | $375,000 | n/a | 0.0% | |
| MJW Financial LLC | $375,000 | n/a | 0.0% | |
| The State Bank | $375,000 | n/a | 0.0% | |
| Arvest Bank | $370,000 | n/a | 0.0% | |
| First Federal Savings and Loan Association of Lakewood | $365,000 | n/a | 0.0% | |
| KS StateBank | $115,000 | $365,000 | 217.4% | 0.0% |
| MICHIGAN FIRST CREDIT UNION | $195,000 | $365,000 | 87.2% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $175,000 | $360,000 | 105.7% | 0.0% |
| Marquette Bank | $1,555,000 | $355,000 | -77.2% | 0.0% |
| MOVEMENT MORTGAGE, LLC | $355,000 | n/a | 0.0% | |
| The Farmers Bank, Frankfort, Indiana | $355,000 | n/a | 0.0% | |
| INLANTA MORTGAGE, INC. | $350,000 | n/a | 0.0% | |
| LENDERFI, INC. | $515,000 | $350,000 | -32.0% | 0.0% |
| Nations Lending Corporation | $350,000 | n/a | 0.0% | |
| GUILD MORTGAGE COMPANY | $145,000 | $345,000 | 137.9% | 0.0% |
| United Community Bank | $345,000 | n/a | 0.0% | |
| CNB Bank And Trust, N.A. | $335,000 | n/a | 0.0% | |
| NORTHERN MORTGAGE SERVICES, LLC | $165,000 | $335,000 | 103.0% | 0.0% |
| Quad City Bank and Trust Company | $335,000 | n/a | 0.0% | |
| Liberty Savings Bank, F.S.B. | $330,000 | n/a | 0.0% | |
| LAND HOME FINANCIAL SERVICES, INC. | $310,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $310,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $340,000 | $305,000 | -10.3% | 0.0% |
| DOW CHEMICAL EMPLOYEES' | $1,390,000 | $300,000 | -78.4% | 0.0% |
| Manufacturers and Traders Trust Company | $275,000 | $300,000 | 9.1% | 0.0% |
| SOUTHWEST FUNDING, LP | $300,000 | n/a | 0.0% | |
| IMPAC MORTGAGE CORP. | $295,000 | n/a | 0.0% | |
| CMG MORTGAGE, INC. | $7,125,000 | $290,000 | -95.9% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $1,190,000 | $290,000 | -75.6% | 0.0% |
| Baxter Credit Union | $1,210,000 | $285,000 | -76.4% | 0.0% |
| Farm Credit Mid-America, ACA | $285,000 | n/a | 0.0% | |
| STAUNTON FINANCIAL, INC. | $285,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $285,000 | n/a | 0.0% | |
| CIBM Bank | $875,000 | $280,000 | -68.0% | 0.0% |
| UNITED HOME LOANS, INC. | $3,305,000 | $280,000 | -91.5% | 0.0% |
| Waterstone Mortgage Corporation | $185,000 | $280,000 | 51.4% | 0.0% |
| TJC Mortgage, Inc. | $275,000 | n/a | 0.0% | |
| THE ANDERSON FINANCIAL GROUP, INC. | $3,065,000 | $255,000 | -91.7% | 0.0% |
| THE EQUITABLE MORTGAGE CORPORATION | $255,000 | n/a | 0.0% | |
| Triumph Bank | $255,000 | n/a | 0.0% | |
| Ixonia Bank | $1,170,000 | $250,000 | -78.6% | 0.0% |
| Axos Bank | $1,050,000 | $245,000 | -76.7% | 0.0% |
| First National Bank of Omaha | $245,000 | n/a | 0.0% | |
| Truist Bank | $285,000 | $245,000 | -14.0% | 0.0% |
| BLG HOLDINGS, INC. | $235,000 | n/a | 0.0% | |
| Peoples Bank | $360,000 | $235,000 | -34.7% | 0.0% |
| TEAM ONE CREDIT UNION | $235,000 | n/a | 0.0% | |
| BayCoast Bank | $225,000 | n/a | 0.0% | |
| CONTOUR MORTGAGE CORPORATION | $225,000 | n/a | 0.0% | |
| Goldwater Bank, N.A. | $225,000 | n/a | 0.0% | |
| GREAT LAKES | $155,000 | $225,000 | 45.2% | 0.0% |
| Adventure Credit Union | $215,000 | n/a | 0.0% | |
| Grand River Bank | $920,000 | $215,000 | -76.6% | 0.0% |
| Oxford Bank & Trust | $160,000 | $210,000 | 31.3% | 0.0% |
| AAC Credit Union | $205,000 | n/a | 0.0% | |
| Brighton Bank | $205,000 | n/a | 0.0% | |
| First Federal Bank | $410,000 | $205,000 | -50.0% | 0.0% |
| FIRST STATE MORTGAGE SERVICES, LLC | $205,000 | n/a | 0.0% | |
| KALSEE CREDIT UNION | $205,000 | n/a | 0.0% | |
| ADVANCIAL | $420,000 | $195,000 | -53.6% | 0.0% |
| BM Real Estate Services, Inc. | $195,000 | n/a | 0.0% | |
| Colonial Savings, F.A. | $195,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $325,000 | $190,000 | -41.5% | 0.0% |
| LOANPAL, LLC | $175,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP. | $175,000 | n/a | 0.0% | |
| Strong Home Mortgage, LLC | $275,000 | $175,000 | -36.4% | 0.0% |
| UNITED SECURITY FINANCIAL CORP | $175,000 | n/a | 0.0% | |
| FIRST HERITAGE FINANCIAL, LLC | $165,000 | n/a | 0.0% | |
| NATIONS RELIABLE LENDING, LLC | $165,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $165,000 | n/a | 0.0% | |
| Pacor Mortgage Corp | $1,570,000 | $165,000 | -89.5% | 0.0% |
| PARLAY MORTGAGE & PROPERTY, INC. | $165,000 | n/a | 0.0% | |
| Plains Commerce Bank | $165,000 | n/a | 0.0% | |
| CORNERSTONE HOME LENDING, INC. | $155,000 | n/a | 0.0% | |
| Sunflower Bank | $235,000 | $155,000 | -34.0% | 0.0% |
| OMNI Community Credit Union | $115,000 | $150,000 | 30.4% | 0.0% |
| Beeline Loans, Inc. | $145,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $520,000 | $145,000 | -72.1% | 0.0% |
| First Federal Bank of Kansas City | $145,000 | n/a | 0.0% | |
| First Savings Bank | $290,000 | $145,000 | -50.0% | 0.0% |
| HAMILTON HOME LOANS, INC. | $145,000 | n/a | 0.0% | |
| NP, Inc. | $145,000 | n/a | 0.0% | |
| Vibrant Credit Union | $145,000 | n/a | 0.0% | |
| Connexus Credit Union | $135,000 | n/a | 0.0% | |
| Devon Bank | $405,000 | $135,000 | -66.7% | 0.0% |
| Hometown Equity Mortgage, LLC | $135,000 | n/a | 0.0% | |
| LENDUS, LLC | $135,000 | $135,000 | 0.0% | 0.0% |
| Midwest Community Bank | $1,180,000 | $135,000 | -88.6% | 0.0% |
| PREFERRED CREDIT UNION | $135,000 | n/a | 0.0% | |
| STOCKTON MORTGAGE CORPORATION | $135,000 | n/a | 0.0% | |
| MARSHALL COMMUNITY CREDIT UNION | $205,000 | $125,000 | -39.0% | 0.0% |
| mBank | $195,000 | $125,000 | -35.9% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $195,000 | $125,000 | -35.9% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $85,000 | $125,000 | 47.1% | 0.0% |
| GREENWOOD | $120,000 | n/a | 0.0% | |
| CREDIT UNION ONE | $155,000 | $115,000 | -25.8% | 0.0% |
| First United Bank and Trust Company | $115,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $115,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $105,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $105,000 | n/a | 0.0% | |
| GERBER FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| Low VA Rates, LLC | $555,000 | $105,000 | -81.1% | 0.0% |
| T2 FINANCIAL LLC | $105,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $170,000 | $95,000 | -44.1% | 0.0% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $95,000 | n/a | 0.0% | |
| COMMUNITY CHOICE CREDIT UNION | $95,000 | n/a | 0.0% | |
| County National Bank | $95,000 | n/a | 0.0% | |
| FAY SERVICING, LLC | $95,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $95,000 | n/a | 0.0% | |
| First National Bank of America | $85,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $85,000 | n/a | 0.0% | |
| St James Mortgage Corporation | $165,000 | $75,000 | -54.5% | 0.0% |
| PARTNERSHIP FINANCIAL | $105,000 | $65,000 | -38.1% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $905,000 | $65,000 | -92.8% | 0.0% |
| Secured Investment Corp. | $65,000 | n/a | 0.0% | |
| ADVIA | $195,000 | $55,000 | -71.8% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| West Michigan Community Bank | $45,000 | n/a | 0.0% | |
| SOVITA Credit Union | $35,000 | n/a | 0.0% | |
| COMMUNITY FINANCIAL CREDIT UNION | $55,000 | $25,000 | -54.5% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $15,000 | n/a | 0.0% |
NILES's top lender by overall market share is UNITED, with 11.0% market share. In second place, with 8.9%, is Honor Credit Union, having originated $148,400,000 in loans. In third place, with 7.0%, is QUICKEN LOANS, LLC, having originated $116,700,000 in loans. In third place, with 5.1%, is OAK MORTGAGE, LLC, having originated $85,215,000 in loans. In third place, with 4.6%, is Horizon Bank, having originated $76,055,000 in loans.
NILES, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,597 | $719,095,000 | $276,894 |
| Refi | 2,523 | $506,945,000 | $200,929 |
| Cash Out Refi | 1,538 | $320,950,000 | $208,680 |
| Home Improvement | 662 | $54,130,000 | $81,767 |
| Other | 379 | $57,085,000 | $150,620 |
Niles's most frequently cited loan purpose was Home Purchase, with 2,597 originations. The 2nd most popular reason was Refi, with 2,523 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 2,951 | $606,565,000 | $205,546 |
| 2.5-3% | 2,728 | $641,780,000 | $235,257 |
| <2.5% | 1,263 | $310,905,000 | $246,164 |
| 4-5% | 458 | $52,950,000 | $115,611 |
| 5-6% | 98 | $8,880,000 | $90,612 |
| Over 8% | 66 | $3,890,000 | $58,939 |
| 6-7% | 62 | $3,800,000 | $61,290 |
| 7-8% | 38 | $1,480,000 | $38,947 |
During 2021, Niles's most frequently originated rate bucket was 3-4%, with 2,951 originations.
Loan Sizing (NILES, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 2,945 | $425,785,000 | $144,579 |
| $200k-400k | 2,033 | $551,805,000 | $271,424 |
| $100,000 or less | 2,021 | $119,165,000 | $58,963 |
| $400k-600k | 424 | $205,060,000 | $483,632 |
| $600k-1000k | 162 | $123,760,000 | $763,951 |
| $Over $1MM | 114 | $232,630,000 | $2,040,614 |
NILES's loan sizing saw the bucket of loans from $100k-200k with 2,945 originations, totaling $425,785,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 2,554 | $677,340,000 | $265,208 |
| 80-100% | 2,225 | $535,835,000 | $240,825 |
| 40-60% | 1,271 | $254,105,000 | $199,925 |
| 20-40% | 769 | $83,935,000 | $109,148 |
| Under 20% | 598 | $27,590,000 | $46,137 |
| Over 100% | 36 | $31,870,000 | $885,278 |
NILES's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 2,554 originations, totaling $677,340,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - NILES (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 | $259,500 (-13.5%) | $465,117 (-10.4%) | 0.96 | 713 |
| 2018-02-01 | $284,900 (-11.0%) | $492,220 (-5.9%) | 1.03 | 658 |
| 2018-03-01 | $299,000 (-13.8%) | $504,552 (-6.0%) | 1.03 | 656 |
| 2018-04-01 | $321,000 (-7.0%) | $523,317 (0.2%) | 1.08 | 704 |
| 2018-05-01 | $325,000 (1.3%) | $523,593 (5.3%) | 1.08 | 791 |
| 2018-06-01 | $335,000 (6.9%) | $528,677 (12.1%) | 1.12 | 872 |
| 2018-07-01 | $324,950 (8.7%) | $502,884 (7.1%) | 1.08 | 944 |
| 2018-08-01 | $310,000 (7.3%) | $482,970 (2.6%) | 1.04 | 1,017 |
| 2018-09-01 | $300,000 (7.5%) | $500,595 (6.0%) | 1.00 | 1,017 |
| 2018-10-01 | $308,000 (10.2%) | $489,339 (3.0%) | 1.03 | 996 |
| 2018-11-01 | $298,950 (4.9%) | $483,639 (0.5%) | 1.00 | 918 |
| 2018-12-01 | $298,500 (12.7%) | $475,851 (1.5%) | 1.02 | 785 |
| 2019-01-01 | $299,000 (15.2%) | $481,845 (3.6%) | 1.03 | 658 |
| 2019-02-01 | $315,400 (10.7%) | $509,464 (3.5%) | 1.06 | 624 |
| 2019-03-01 | $332,229 (11.1%) | $521,426 (3.3%) | 1.08 | 656 |
| 2019-04-01 | $343,500 (7.0%) | $519,811 (-0.7%) | 1.08 | 704 |
| 2019-05-01 | $347,450 (6.9%) | $520,064 (-0.7%) | 1.07 | 757 |
| 2019-06-01 | $335,000 (0.0%) | $502,173 (-5.0%) | 1.03 | 844 |
| 2019-07-01 | $332,000 (2.2%) | $513,851 (2.2%) | 1.03 | 889 |
| 2019-08-01 | $328,529 (6.0%) | $506,522 (4.9%) | 1.03 | 919 |
| 2019-09-01 | $317,900 (6.0%) | $490,486 (-2.0%) | 1.01 | 949 |
| 2019-10-01 | $315,000 (2.3%) | $480,167 (-1.9%) | 1.00 | 929 |
| 2019-11-01 | $319,000 (6.7%) | $478,541 (-1.1%) | 1.03 | 825 |
| 2019-12-01 | $299,900 (0.5%) | $452,377 (-4.9%) | 1.00 | 718 |
| 2020-01-01 | $295,950 (-1.0%) | $445,945 (-7.5%) | 0.99 | 630 |
| 2020-02-01 | $294,000 (-6.8%) | $441,721 (-13.3%) | 0.95 | 634 |
| 2020-03-01 | $322,450 (-2.9%) | $465,306 (-10.8%) | 1.01 | 608 |
| 2020-04-01 | $334,900 (-2.5%) | $497,102 (-4.4%) | 1.04 | 590 |
| 2020-05-01 | $339,000 (-2.4%) | $488,809 (-6.0%) | 1.03 | 633 |
| 2020-06-01 | $359,000 (7.2%) | $522,437 (4.0%) | 1.05 | 629 |
| 2020-07-01 | $358,900 (8.1%) | $522,015 (1.6%) | 1.03 | 594 |
| 2020-08-01 | $355,900 (8.3%) | $536,364 (5.9%) | 1.02 | 512 |
| 2020-09-01 | $339,450 (6.8%) | $532,787 (8.6%) | 0.97 | 466 |
| 2020-10-01 | $359,000 (14.0%) | $584,631 (21.8%) | 1.03 | 412 |
| 2020-11-01 | $349,450 (9.6%) | $599,913 (25.4%) | 1.00 | 380 |
| 2020-12-01 | $342,400 (14.2%) | $598,594 (32.3%) | 1.00 | 343 |
| 2021-01-01 | $329,000 (11.2%) | $619,911 (39.0%) | 0.97 | 281 |
| 2021-02-01 | $349,900 (19.0%) | $696,681 (57.7%) | 1.01 | 213 |
| 2021-03-01 | $349,900 (8.5%) | $753,555 (62.0%) | 0.98 | 216 |
| 2021-04-01 | $403,450 (20.5%) | $774,166 (55.7%) | 1.08 | 215 |
| 2021-05-01 | $395,000 (16.5%) | $737,557 (50.9%) | 1.04 | 228 |
| 2021-06-01 | $389,950 (8.6%) | $740,071 (41.7%) | 1.01 | 288 |
| 2021-07-01 | $349,950 (-2.5%) | $654,088 (25.3%) | 0.91 | 329 |
| 2021-08-01 | $347,450 (-2.4%) | $632,181 (17.9%) | 0.91 | 367 |
| 2021-09-01 | $341,000 (0.5%) | $607,302 (14.0%) | 0.90 | 365 |
| 2021-10-01 | $339,900 (-5.3%) | $607,868 (4.0%) | 0.89 | 313 |
| 2021-11-01 | $345,000 (-1.3%) | $630,662 (5.1%) | 0.91 | 292 |
| 2021-12-01 | $337,400 (-1.5%) | $642,680 (7.4%) | 0.90 | 227 |
| 2022-01-01 | $299,900 (-8.8%) | $653,242 (5.4%) | 0.80 | 196 |
| 2022-02-01 | $352,000 (0.6%) | $722,994 (3.8%) | 0.90 | 188 |
| 2022-03-01 | $389,000 (11.2%) | $738,985 (-1.9%) | 0.96 | 184 |
| 2022-04-01 | $395,000 (-2.1%) | $772,695 (-0.2%) | 0.93 | 202 |
NILES's median listing price for 2022-04-01 was $395,000, a difference of
$-8,450
(-2.1%) versus the prior year and
$6,000 versus the prior month.
NILES's median listing price comes in at 93% of the national average.
NILES's average listing price for 2022-04-01 was $772,695, a difference of $-1,471 (-0.2%) versus the prior year and $33,710 versus the prior month.
For the 2022-04-01 period, NILES had 202 MLS listings, a difference of 18 listings (10%) versus the prior month and -13 listings (-6%) versus the prior year.
NILES's median listing price comes in at 93% of the national average.
NILES's average listing price for 2022-04-01 was $772,695, a difference of $-1,471 (-0.2%) versus the prior year and $33,710 versus the prior month.
For the 2022-04-01 period, NILES had 202 MLS listings, a difference of 18 listings (10%) versus the prior month and -13 listings (-6%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - NILES (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 115 days | 1,955 sqft |
| 2018-02-01 | 124 days | 1,951 sqft |
| 2018-03-01 | 115 days | 2,000 sqft |
| 2018-04-01 | 75 days | 2,053 sqft |
| 2018-05-01 | 64 days | 2,101 sqft |
| 2018-06-01 | 63 days | 2,128 sqft |
| 2018-07-01 | 71 days | 2,145 sqft |
| 2018-08-01 | 73 days | 2,127 sqft |
| 2018-09-01 | 78 days | 2,102 sqft |
| 2018-10-01 | 83 days | 2,118 sqft |
| 2018-11-01 | 92 days | 2,078 sqft |
| 2018-12-01 | 105 days | 2,044 sqft |
| 2019-01-01 | 113 days | 2,050 sqft |
| 2019-02-01 | 122 days | 2,092 sqft |
| 2019-03-01 | 101 days | 2,123 sqft |
| 2019-04-01 | 63 days | 2,173 sqft |
| 2019-05-01 | 63 days | 2,193 sqft |
| 2019-06-01 | 64 days | 2,203 sqft |
| 2019-07-01 | 66 days | 2,202 sqft |
| 2019-08-01 | 69 days | 2,140 sqft |
| 2019-09-01 | 74 days | 2,088 sqft |
| 2019-10-01 | 79 days | 2,077 sqft |
| 2019-11-01 | 95 days | 2,100 sqft |
| 2019-12-01 | 113 days | 2,029 sqft |
| 2020-01-01 | 123 days | 1,996 sqft |
| 2020-02-01 | 120 days | 1,936 sqft |
| 2020-03-01 | 94 days | 1,987 sqft |
| 2020-04-01 | 87 days | 1,995 sqft |
| 2020-05-01 | 91 days | 2,039 sqft |
| 2020-06-01 | 87 days | 2,171 sqft |
| 2020-07-01 | 62 days | 2,238 sqft |
| 2020-08-01 | 63 days | 2,245 sqft |
| 2020-09-01 | 64 days | 2,168 sqft |
| 2020-10-01 | 63 days | 2,253 sqft |
| 2020-11-01 | 68 days | 2,119 sqft |
| 2020-12-01 | 75 days | 2,064 sqft |
| 2021-01-01 | 90 days | 2,028 sqft |
| 2021-02-01 | 87 days | 2,018 sqft |
| 2021-03-01 | 72 days | 2,062 sqft |
| 2021-04-01 | 54 days | 2,180 sqft |
| 2021-05-01 | 50 days | 2,120 sqft |
| 2021-06-01 | 39 days | 2,107 sqft |
| 2021-07-01 | 41 days | 2,000 sqft |
| 2021-08-01 | 45 days | 1,940 sqft |
| 2021-09-01 | 50 days | 1,908 sqft |
| 2021-10-01 | 58 days | 1,914 sqft |
| 2021-11-01 | 61 days | 1,913 sqft |
| 2021-12-01 | 71 days | 1,826 sqft |
| 2022-01-01 | 74 days | 1,788 sqft |
| 2022-02-01 | 67 days | 1,810 sqft |
| 2022-03-01 | 52 days | 1,870 sqft |
| 2022-04-01 | 43 days | 1,930 sqft |
NILES's median listing age (time on market) for 2022-04-01 was 43 days.
This
is -20%
shorter
than the same period one year ago.
NILES's median square footage for active listings during the 2022-04-01 period was 1,930 sqft. One year prior, the average listing was 2,180 sqft.
NILES's median square footage for active listings during the 2022-04-01 period was 1,930 sqft. One year prior, the average listing was 2,180 sqft.
