NILES Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Niles averaged
6.81%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.74% and
one month ago for the week of 2025-05-15, the
average rate was 6.81%.
Niles's average rate one year ago was 7.15%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.39%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Niles 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Niles 30 Year Fixed Rate Refi | 2025-06-18 | 7.39% |
| Niles 15 Year Fixed Rate | 2025-06-18 | 7.04% |
| Niles 15 Year Fixed Rate Refi | 2025-06-18 | 6.36% |
| Niles 30 Year FHA | 2025-06-18 | 0.31% |
| Niles 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Niles 30 Year USDA | 2025-06-18 | -0.1% |
| Niles 30 Year USDA Refi | 2025-06-18 | 0.2% |
| Niles 30 Year VA | 2025-06-18 | 0.5% |
| Niles 30 Year VA Refi | 2025-06-18 | 0% |
NILES 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 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 Average Closing Costs & Other Stats
NILES, MI's 150 lenders originated 3,638
loans during 2024. The total origination value was $744,580,000, with an average loan value of
$204,667.
NILES's average closing costs are $4,092.
The top NILES lender as defined by loan originations is UNITED, with
205 loans originated. Their average total fees are
$4,037, which is $1,829
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee NILES lenders (with over 10 loans originated) are
TEACHERS CREDIT UNION ($2,983), Horizon Bank ($3,135), Honor Credit Union ($3,147), JPMorgan Chase Bank ($3,362) and CONSUMERS ($3,473).
The lowest rate NILES lenders (with over 10 loans originated) are
Horizon Bank (6.20%), U.S. Bank (6.52%), Honor Credit Union (6.52%), RUOFF MORTGAGE COMPANY, INC. (6.59%) and TEACHERS CREDIT UNION (6.60%).
NILES, MI Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| UNITED | $78,875,000 | $90,830,000 | 15.2% | 12.2% |
| Honor Credit Union | $79,960,000 | $73,135,000 | -8.5% | 9.8% |
| QUICKEN LOANS, LLC | $28,370,000 | $44,100,000 | 55.4% | 5.9% |
| Sturgis Bank & Trust Company | $10,870,000 | $28,040,000 | 158.0% | 3.8% |
| JPMorgan Chase Bank | $17,250,000 | $27,615,000 | 60.1% | 3.7% |
| UNION HOME MORTGAGE CORP. | $20,465,000 | $26,790,000 | 30.9% | 3.6% |
| Fifth Third Bank | $16,790,000 | $24,715,000 | 47.2% | 3.3% |
| OAK MORTGAGE, LLC | $25,740,000 | $23,365,000 | -9.2% | 3.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $9,545,000 | $22,770,000 | 138.6% | 3.1% |
| The Huntington National Bank | $15,385,000 | $19,410,000 | 26.2% | 2.6% |
| GUARANTEED RATE, INC. | $16,240,000 | $18,610,000 | 14.6% | 2.5% |
| LAKE MICHIGAN CREDIT UNION | $5,040,000 | $15,520,000 | 207.9% | 2.1% |
| Horizon Bank | $22,725,000 | $14,915,000 | -34.4% | 2.0% |
| RUOFF MORTGAGE COMPANY, INC. | $12,135,000 | $13,815,000 | 13.8% | 1.9% |
| PROPER RATE, LLC | $8,285,000 | $12,995,000 | 56.8% | 1.7% |
| Independent Bank | $7,220,000 | $11,410,000 | 58.0% | 1.5% |
| 1st Source Bank | $10,325,000 | $11,405,000 | 10.5% | 1.5% |
| Old National Bank | $3,210,000 | $9,380,000 | 192.2% | 1.3% |
| U.S. Bank | $2,960,000 | $8,915,000 | 201.2% | 1.2% |
| Mortgage Research Center, LLC | $3,900,000 | $8,360,000 | 114.4% | 1.1% |
| LOANDEPOT.COM, LLC | $6,140,000 | $7,685,000 | 25.2% | 1.0% |
| TEACHERS CREDIT UNION | $5,785,000 | $7,295,000 | 26.1% | 1.0% |
| HALLMARK HOME MORTGAGE, LLC | $4,720,000 | $7,235,000 | 53.3% | 1.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,815,000 | $6,795,000 | 78.1% | 0.9% |
| Barrington Bank & Trust Company, N.A. | $2,960,000 | $6,745,000 | 127.9% | 0.9% |
| Associated Bank | $1,720,000 | $5,840,000 | 239.5% | 0.8% |
| CONSUMERS | $2,690,000 | $5,795,000 | 115.4% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $3,895,000 | $5,570,000 | 43.0% | 0.7% |
| Flagstar Bank, FSB | $7,765,000 | $4,990,000 | -35.7% | 0.7% |
| Notre Dame Federal Credit Union Corporation | $5,110,000 | $4,905,000 | -4.0% | 0.7% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $4,155,000 | $4,850,000 | 16.7% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $2,055,000 | $4,180,000 | 103.4% | 0.6% |
| GreenStone Farm Credit Services, FLCA | $1,425,000 | $3,835,000 | 169.1% | 0.5% |
| First Federal Savings Bank | $5,400,000 | $3,675,000 | -31.9% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,765,000 | $3,645,000 | 106.5% | 0.5% |
| CARDINAL FINANCIAL | $4,000,000 | $3,455,000 | -13.6% | 0.5% |
| PNC Bank | $2,305,000 | $3,445,000 | 49.5% | 0.5% |
| INSPIRE HOME LOANS INC. | $930,000 | $3,425,000 | 268.3% | 0.5% |
| Morgan Stanley Private Bank | $3,420,000 | $3,415,000 | -0.1% | 0.5% |
| UBS Bank USA | $295,000 | $3,215,000 | 989.8% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $2,150,000 | $3,170,000 | 47.4% | 0.4% |
| Citibank | $7,925,000 | $3,130,000 | -60.5% | 0.4% |
| BROKER SOLUTIONS, INC. | $920,000 | $2,945,000 | 220.1% | 0.4% |
| Regions Bank | $790,000 | $2,820,000 | 257.0% | 0.4% |
| The Dart Bank | $740,000 | $2,810,000 | 279.7% | 0.4% |
| First Eagle Bank | $2,450,000 | $2,620,000 | 6.9% | 0.4% |
| CIBC Bank USA | $2,590,000 | n/a | 0.3% | |
| Northpointe Bank | $1,230,000 | $2,325,000 | 89.0% | 0.3% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $1,065,000 | $2,050,000 | 92.5% | 0.3% |
| First American Bank | $1,340,000 | $2,000,000 | 49.3% | 0.3% |
| Circle Federal Credit Union | $3,215,000 | $1,970,000 | -38.7% | 0.3% |
| Wells Fargo Bank | $2,915,000 | $1,940,000 | -33.4% | 0.3% |
| 21ST MORTGAGE CORPORATION | $1,660,000 | $1,840,000 | 10.8% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $1,815,000 | $1,765,000 | -2.8% | 0.2% |
| ALLIANT CREDIT UNION | $1,080,000 | $1,750,000 | 62.0% | 0.2% |
| The Loan Store, Inc. | $1,745,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,485,000 | $1,670,000 | 12.5% | 0.2% |
| ARBOR FINANCIAL CREDIT UNION | $920,000 | $1,660,000 | 80.4% | 0.2% |
| Lakeside Bank | $265,000 | $1,655,000 | 524.5% | 0.2% |
| GVC MORTGAGE, INC. | $155,000 | $1,645,000 | 961.3% | 0.2% |
| Carrington Mortgage Services, LLC | $1,350,000 | $1,610,000 | 19.3% | 0.2% |
| The First National Bank of Ottawa | $1,590,000 | n/a | 0.2% | |
| Century Mortgage Company DBA Century Lending Company | $1,555,000 | n/a | 0.2% | |
| MORTGAGE 1 INCORPORATED | $1,320,000 | $1,505,000 | 14.0% | 0.2% |
| THE ANDERSON FINANCIAL GROUP, INC. | $155,000 | $1,465,000 | 845.2% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $440,000 | $1,460,000 | 231.8% | 0.2% |
| Baxter Credit Union | $155,000 | $1,455,000 | 838.7% | 0.2% |
| The Federal Savings Bank | $1,500,000 | $1,455,000 | -3.0% | 0.2% |
| Bank of America | $11,825,000 | $1,450,000 | -87.7% | 0.2% |
| Bethpage Federal Credit Union | $1,825,000 | $1,315,000 | -27.9% | 0.2% |
| FINANCE OF AMERICA REVERSE LLC | $105,000 | $1,310,000 | 1,147.6% | 0.2% |
| Gold Coast Bank | $1,000,000 | $1,310,000 | 31.0% | 0.2% |
| First National Bank of Brookfield | $1,300,000 | n/a | 0.2% | |
| CHURCHILL MORTGAGE CORPORATION | $1,830,000 | $1,270,000 | -30.6% | 0.2% |
| USAA Federal Savings Bank | $1,245,000 | $1,265,000 | 1.6% | 0.2% |
| First National Bank of Michigan | $1,065,000 | $1,245,000 | 16.9% | 0.2% |
| GREENSTATE CREDIT UNION | $3,825,000 | $1,200,000 | -68.6% | 0.2% |
| Stifel Bank and Trust | $610,000 | $1,190,000 | 95.1% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $495,000 | $1,155,000 | 133.3% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $185,000 | $1,145,000 | 518.9% | 0.2% |
| NexBank | $325,000 | $1,130,000 | 247.7% | 0.2% |
| NEWREZ LLC | $500,000 | $1,110,000 | 122.0% | 0.1% |
| NEW DAY FINANCIAL, LLC | $505,000 | $1,055,000 | 108.9% | 0.1% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $450,000 | $1,050,000 | 133.3% | 0.1% |
| GUILD MORTGAGE COMPANY | $695,000 | $1,050,000 | 51.1% | 0.1% |
| Figure Lending LLC | $385,000 | $1,030,000 | 167.5% | 0.1% |
| First Federal Bank | $1,030,000 | n/a | 0.1% | |
| SUMMIT HOME MORTGAGE, LLC | $1,015,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $820,000 | $990,000 | 20.7% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $945,000 | $990,000 | 4.8% | 0.1% |
| Charles Schwab Bank, SSB | $555,000 | $945,000 | 70.3% | 0.1% |
| Discover Bank | $1,200,000 | $945,000 | -21.3% | 0.1% |
| Mercantile Bank of Michigan | $4,085,000 | $940,000 | -77.0% | 0.1% |
| Florida Capital Bank | $905,000 | n/a | 0.1% | |
| LOANPAL, LLC | $85,000 | $900,000 | 958.8% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $895,000 | n/a | 0.1% | |
| LEADERONE FINANCIAL CORPORATION | $125,000 | $860,000 | 588.0% | 0.1% |
| PLANET HOME LENDING, LLC | $280,000 | $800,000 | 185.7% | 0.1% |
| NORTHERN MORTGAGE SERVICES, LLC | $75,000 | $790,000 | 953.3% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $840,000 | $780,000 | -7.1% | 0.1% |
| RF Renovo Management Company, LLC | $855,000 | $775,000 | -9.4% | 0.1% |
| BAY EQUITY LLC | $770,000 | $770,000 | 0.0% | 0.1% |
| Elements Financial Federal Credit Union | $755,000 | n/a | 0.1% | |
| Goldman Sachs Bank USA | $915,000 | $755,000 | -17.5% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $850,000 | $710,000 | -16.5% | 0.1% |
| PHH Mortgage Corporation | $255,000 | $705,000 | 176.5% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $835,000 | $680,000 | -18.6% | 0.1% |
| NFM, INC. | $645,000 | n/a | 0.1% | |
| COMPASS MORTGAGE, INC. | $280,000 | $640,000 | 128.6% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $635,000 | n/a | 0.1% | |
| STAUNTON FINANCIAL, INC. | $295,000 | $635,000 | 115.3% | 0.1% |
| Centier Bank | $1,175,000 | $625,000 | -46.8% | 0.1% |
| First Merchants Bank | $625,000 | n/a | 0.1% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,400,000 | $620,000 | -74.2% | 0.1% |
| FIRST STATE MORTGAGE SERVICES, LLC | $415,000 | $605,000 | 45.8% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $780,000 | $600,000 | -23.1% | 0.1% |
| MLD MORTGAGE INC. | $590,000 | n/a | 0.1% | |
| BAY-VALLEY MORTGAGE GROUP | $585,000 | n/a | 0.1% | |
| INOVA FEDERAL CREDIT UNION | $5,000 | $570,000 | 11,300.0% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $505,000 | $555,000 | 9.9% | 0.1% |
| BMO Harris Bank | $1,740,000 | $535,000 | -69.3% | 0.1% |
| ARC HOME LLC | $165,000 | $525,000 | 218.2% | 0.1% |
| Citizens Bank | $2,015,000 | $525,000 | -73.9% | 0.1% |
| MILEND, INC. | $510,000 | n/a | 0.1% | |
| CONTOUR MORTGAGE CORPORATION | $1,620,000 | $500,000 | -69.1% | 0.1% |
| LIMA ONE CAPITAL, LLC | $175,000 | $490,000 | 180.0% | 0.1% |
| Cornerstone National Bank & Trust Company | $485,000 | n/a | 0.1% | |
| CMG MORTGAGE, INC. | $145,000 | $480,000 | 231.0% | 0.1% |
| Ally Bank | $450,000 | $470,000 | 4.4% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $470,000 | n/a | 0.1% | |
| NETWORK CAPITAL FUNDING CORPORATION | $470,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $470,000 | n/a | 0.1% | |
| TOWNE MORTGAGE COMPANY | $155,000 | $470,000 | 203.2% | 0.1% |
| ChoiceOne Bank | $645,000 | $465,000 | -27.9% | 0.1% |
| CLEARPATH LENDING | $790,000 | $460,000 | -41.8% | 0.1% |
| LENDSURE MORTGAGE CORP. | $305,000 | $455,000 | 49.2% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $600,000 | $450,000 | -25.0% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $2,130,000 | $445,000 | -79.1% | 0.1% |
| Credence Funding Corporation | $435,000 | n/a | 0.1% | |
| First Financial Bank | $415,000 | n/a | 0.1% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $415,000 | n/a | 0.1% | |
| Farmers Bank & Trust | $405,000 | $405,000 | 0.0% | 0.1% |
| General Mortgage Capital Corporation | $405,000 | n/a | 0.1% | |
| MILESTONE HOME LENDING, LLC | $175,000 | $405,000 | 131.4% | 0.1% |
| VAN DYK MORTGAGE CORPORATION | $400,000 | $405,000 | 1.3% | 0.1% |
| ALLIED MORTGAGE GROUP, INC. | $245,000 | $385,000 | 57.1% | 0.1% |
| Village Bank & Trust | $385,000 | n/a | 0.1% | |
| GREENWOOD | $75,000 | $380,000 | 406.7% | 0.1% |
| J. VIRGIL, INC. | $365,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $565,000 | $365,000 | -35.4% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $355,000 | n/a | 0.0% | |
| POINT Mortgage | $345,000 | n/a | 0.0% | |
| Hometown National Bank | $335,000 | n/a | 0.0% | |
| Kellogg Community Credit Union | $25,000 | $330,000 | 1,220.0% | 0.0% |
| Bell Bank | $325,000 | n/a | 0.0% | |
| Coastal Community Bank | $715,000 | $305,000 | -57.3% | 0.0% |
| Hinsdale Bank & Trust Company | $3,095,000 | $305,000 | -90.1% | 0.0% |
| MJW Financial LLC | $300,000 | $305,000 | 1.7% | 0.0% |
| North American Savings Bank, F.S.B. | $690,000 | $305,000 | -55.8% | 0.0% |
| Union Savings Bank | $305,000 | n/a | 0.0% | |
| First Western Trust Bank | $435,000 | $295,000 | -32.2% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $295,000 | n/a | 0.0% | |
| RANLIFE, INC. | $295,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $605,000 | $285,000 | -52.9% | 0.0% |
| The State Bank | $475,000 | $285,000 | -40.0% | 0.0% |
| WINGS FINANCIAL | $285,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $275,000 | n/a | 0.0% | |
| FIRST NORTHERN Credit Union | $195,000 | $275,000 | 41.0% | 0.0% |
| The National Bank of Indianapolis | $275,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $740,000 | $275,000 | -62.8% | 0.0% |
| Hometown Equity Mortgage, LLC | $205,000 | $270,000 | 31.7% | 0.0% |
| AXIA FINANCIAL, LLC | $265,000 | n/a | 0.0% | |
| TEAM ONE CREDIT UNION | $265,000 | n/a | 0.0% | |
| University Bank | $195,000 | $265,000 | 35.9% | 0.0% |
| Preston Home Loans Inc | $420,000 | $255,000 | -39.3% | 0.0% |
| First Financial Bank | $250,000 | n/a | 0.0% | |
| NASA Federal Credit Union | $245,000 | n/a | 0.0% | |
| RADIUS FINANCIAL GROUP INC. | $245,000 | n/a | 0.0% | |
| DELMAR FINANCIAL COMPANY | $235,000 | n/a | 0.0% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $270,000 | $235,000 | -13.0% | 0.0% |
| Lake City Bank | $840,000 | $230,000 | -72.6% | 0.0% |
| Commerce Bank | $225,000 | n/a | 0.0% | |
| MORTGAGE ACCESS CORP. | $565,000 | $225,000 | -60.2% | 0.0% |
| TECH Credit Union | $175,000 | $215,000 | 22.9% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $205,000 | n/a | 0.0% | |
| Blackhawk Bank & Trust | $245,000 | $205,000 | -16.3% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $715,000 | $205,000 | -71.3% | 0.0% |
| KeyBank | $1,160,000 | $205,000 | -82.3% | 0.0% |
| United Community Bank | $205,000 | n/a | 0.0% | |
| UNITED MORTGAGE CORP | $205,000 | n/a | 0.0% | |
| Northwest Bank | $220,000 | $200,000 | -9.1% | 0.0% |
| MMS MORTGAGE SERVICES, LTD. | $225,000 | $195,000 | -13.3% | 0.0% |
| Old Second National Bank | $195,000 | n/a | 0.0% | |
| Texana Bank | $195,000 | n/a | 0.0% | |
| EMM LOANS LLC | $185,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $185,000 | n/a | 0.0% | |
| Marquette Bank | $45,000 | $185,000 | 311.1% | 0.0% |
| EVERETT FINANCIAL, INC. | $155,000 | $175,000 | 12.9% | 0.0% |
| Leader Bank | $175,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $175,000 | n/a | 0.0% | |
| T2 FINANCIAL LLC | $325,000 | $175,000 | -46.2% | 0.0% |
| EMBRACE HOME LOANS, INC. | $165,000 | n/a | 0.0% | |
| NEXERA HOLDING LLC | $165,000 | n/a | 0.0% | |
| Prosperity Home Mortgage, LLC | $165,000 | n/a | 0.0% | |
| Cornerstone First Mortgage, Inc | $155,000 | n/a | 0.0% | |
| Dort Financial Credit Union | $155,000 | n/a | 0.0% | |
| MEMBERFOCUS COMMUNITY | $155,000 | n/a | 0.0% | |
| UNITED HOME LOANS, INC. | $1,040,000 | $155,000 | -85.1% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $205,000 | $145,000 | -29.3% | 0.0% |
| VIBE CREDIT UNION | $245,000 | $135,000 | -44.9% | 0.0% |
| A&D Mortgage LLC | $125,000 | n/a | 0.0% | |
| MICHIGAN FIRST CREDIT UNION | $15,000 | $125,000 | 733.3% | 0.0% |
| Paramount Bank | $330,000 | $125,000 | -62.1% | 0.0% |
| SECURITY CREDIT UNION | $115,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $515,000 | $105,000 | -79.6% | 0.0% |
| CIBM Bank | $105,000 | n/a | 0.0% | |
| DFCU FINANCIAL | $45,000 | $105,000 | 133.3% | 0.0% |
| Michigan Educational Credit Union | $105,000 | n/a | 0.0% | |
| BM Real Estate Services, Inc. | $100,000 | n/a | 0.0% | |
| M&T Bank | $95,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $110,000 | $95,000 | -13.6% | 0.0% |
| SPRING EQ, LLC | $175,000 | $90,000 | -48.6% | 0.0% |
| DIGITAL Federal Credit Union | $85,000 | $85,000 | 0.0% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $105,000 | $85,000 | -19.0% | 0.0% |
| MYCUMORTGAGE, LLC | $390,000 | $85,000 | -78.2% | 0.0% |
| ADVIA | $315,000 | $80,000 | -74.6% | 0.0% |
| COMMUNITY FINANCIAL CREDIT UNION | $45,000 | $75,000 | 66.7% | 0.0% |
| GREAT RIVER FEDERAL CREDIT UNION | $65,000 | n/a | 0.0% | |
| GENISYS | $55,000 | n/a | 0.0% | |
| MORTGAGE CENTER L.C | $470,000 | $55,000 | -88.3% | 0.0% |
| MidFirst Bank | $35,000 | n/a | 0.0% | |
| OMNI Community Credit Union | $25,000 | $35,000 | 40.0% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $35,000 | n/a | 0.0% | |
| ELGA CREDIT UNION | $25,000 | n/a | 0.0% | |
| FIRST STATE BANK | $205,000 | $25,000 | -87.8% | 0.0% |
NILES's top lender by overall market share is UNITED, with 12.2% market share. In second place, with 9.8%, is Honor Credit Union, having originated $73,135,000 in loans. In third place, with 5.9%, is QUICKEN LOANS, LLC, having originated $44,100,000 in loans. In fourth place, with 3.8%, is Sturgis Bank & Trust Company, having originated $28,040,000 in loans. In fifth place, with 3.7%, is JPMorgan Chase Bank, having originated $27,615,000 in loans.
NILES, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,780 | $498,000,000 | $279,775 |
| Home Improvement | 616 | $48,490,000 | $78,718 |
| Cash Out Refi | 502 | $88,650,000 | $176,594 |
| Other | 377 | $42,375,000 | $112,401 |
| Refi | 363 | $67,065,000 | $184,752 |
Niles's most frequently cited loan purpose was Home Purchase, with 1,780 originations. The 2nd most popular reason was Home Improvement, with 616 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,238 | $314,410,000 | $253,966 |
| Over 8% | 1,160 | $103,170,000 | $88,940 |
| 7-8% | 740 | $164,550,000 | $222,365 |
| 5-6% | 370 | $117,750,000 | $318,243 |
| 4-5% | 20 | $4,730,000 | $236,500 |
| <2.5% | 19 | $725,000 | $38,158 |
| 2.5-3% | 4 | $320,000 | $80,000 |
| 3-4% | 3 | $375,000 | $125,000 |
During 2024, Niles's most frequently originated rate bucket was 6-7%, with 1,238 originations.
Loan Sizing (NILES, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 1,273 | $64,665,000 | $50,797 |
| $100k-200k | 1,038 | $151,820,000 | $146,262 |
| $200k-400k | 953 | $260,725,000 | $273,583 |
| $400k-600k | 213 | $101,815,000 | $478,005 |
| $600k-1000k | 113 | $82,535,000 | $730,398 |
| $Over $1MM | 48 | $83,020,000 | $1,729,583 |
NILES's loan sizing saw the bucket of loans from $100,000 or less with 1,273 originations, totaling $64,665,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,181 | $301,775,000 | $255,525 |
| 60-80% | 727 | $218,935,000 | $301,149 |
| Under 20% | 632 | $28,710,000 | $45,427 |
| 20-40% | 578 | $61,600,000 | $106,574 |
| 40-60% | 376 | $81,510,000 | $216,782 |
| Over 100% | 20 | $7,170,000 | $358,500 |
NILES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,181 originations, totaling $301,775,000 in origination value.