NILES Mortgage Rates & Closing Costs

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

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%
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 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.).

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED 205 6.67% $4,037
QUICKEN LOANS, LLC 107 6.72% $5,867
Honor Credit Union 104 6.52% $3,147
OAK MORTGAGE, LLC 68 6.84% $3,591
UNION HOME MORTGAGE CORP. 62 7.25% $5,939
JPMorgan Chase Bank 49 6.72% $3,362
RUOFF MORTGAGE COMPANY, INC. 48 6.59% $3,717
Fifth Third Bank 48 6.79% $3,895
UNITED WHOLESALE MORTGAGE, LLC 43 6.75% $7,739
The Huntington National Bank 30 6.79% $3,839
Horizon Bank 29 6.20% $3,135
PROPER RATE, LLC 28 7.28% $4,918
HALLMARK HOME MORTGAGE, LLC 26 7.03% $4,158
LAKE MICHIGAN CREDIT UNION 25 6.80% $4,110
GUARANTEED RATE, INC. 24 6.90% $4,751
Independent Bank 24 6.85% $4,715
1st Source Bank 21 7.23% $3,821
CONSUMERS 19 7.01% $3,473
Notre Dame Federal Credit Union Corporation 15 7.03% $4,246
CARDINAL FINANCIAL 14 6.98% $3,962
TEACHERS CREDIT UNION 13 6.60% $2,983
Flagstar Bank, FSB 12 6.75% $4,113
LOANDEPOT.COM, LLC 12 6.66% $6,169
U.S. Bank 11 6.52% $4,397
Barrington Bank & Trust Company, N.A. 11 6.88% $6,127
Circle Federal Credit Union 9 6.99% $2,681
CROSSCOUNTRY MORTGAGE, LLC 8 6.63% $4,602
ARK-LA-TEX FINANCIAL SERVICES, LLC. 8 6.82% $5,428
BROKER SOLUTIONS, INC. 8 7.08% $5,593
Mr. Cooper ( Nationstar Mortgage ) 7 6.85% $6,977
Old National Bank 6 6.58% $7,156
CHURCHILL MORTGAGE CORPORATION 6 6.66% $4,977
Associated Bank 5 6.50% $5,278
ARBOR FINANCIAL CREDIT UNION 5 6.65% $3,597
NAVY FEDERAL CREDIT UNION 5 7.05% $3,441
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 5 6.73% $3,665
THE ANDERSON FINANCIAL GROUP, INC. 5 6.82% $3,473
Northpointe Bank 4 6.81% $4,669
MOVEMENT MORTGAGE, LLC 4 6.61% $7,046
NexBank 4 7.41% $8,254
PNC Bank 4 6.84% $3,129
ROYAL UNITED MORTGAGE LLC 4 7.28% $6,300
GVC MORTGAGE, INC. 4 6.84% $6,767
UBS Bank USA 4 6.56% $4,471
Wells Fargo Bank 4 7.13% $4,898
BAY EQUITY LLC 4 7.06% $4,265
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 4 7.19% $5,878
Baxter Credit Union 3 6.25% $3,802
The Federal Savings Bank 3 6.71% $5,422
The Loan Store, Inc. 3 6.75% $10,124
Citibank 3 5.83% $5,747
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.16% $3,141
First Federal Savings Bank 3 7.17% $3,393
Mercantile Bank of Michigan 3 6.75% $4,107
MORTGAGE 1 INCORPORATED 3 6.71% $5,152
Morgan Stanley Private Bank 3 5.79% $5,966
Stifel Bank and Trust 3 5.79% $3,039
GREENSTATE CREDIT UNION 3 6.29% $3,750
PLAZA HOME MORTGAGE, INC. 2 7.06% $6,933
HOMESIDE FINANCIAL, LLC 2 7.25% $5,546
CIBC Bank USA 2 5.38% $5,905
SUMMIT HOME MORTGAGE, LLC 2 6.75% $7,091
STAUNTON FINANCIAL, INC. 2 6.88% $3,278
NORTHERN MORTGAGE SERVICES, LLC 2 7.75% $7,588
USAA Federal Savings Bank 2 7.63% $9,826
First American Bank 2 6.31% $2,964
LOANPAL, LLC 2 6.75% $4,737
MUTUAL OF OMAHA MORTGAGE, INC. 2 7.24% $8,313
Mortgage Research Center, LLC 2 7.31% $4,610
INOVA FEDERAL CREDIT UNION 2 6.63% $3,078
INSPIRE HOME LOANS INC. 2 6.25% $3,323
ALLIANT CREDIT UNION 2 6.63% $4,151
GUILD MORTGAGE COMPANY 2 7.18% $6,224
AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.37% $6,444
The Dart Bank 2 6.69% $3,691
Centier Bank 2 6.69% $3,395
The First National Bank of Ottawa 2 7.00% $8,276
Ally Bank 2 6.50% $8,368
AMERISAVE MORTGAGE CORPORATION 2 6.94% $5,921
MLD MORTGAGE INC. 2 6.81% $7,561
Bethpage Federal Credit Union 2 6.31% $3,537
SUCCESS MORTGAGE PARTNERS, INC. 2 6.81% $5,690
ZILLOW HOME LOANS, LLC 1 6.88% $5,626
AMERICAN FINANCIAL RESOURCES, INC. 1 8.00% $4,277
AMERICAN FINANCING CORPORATION 1 5.88% $4,947
ARC HOME LLC 1 7.63% $14,666
AXIA FINANCIAL, LLC 1 7.50% $6,376
Bank of America 1 6.25% $4,702
BAY-VALLEY MORTGAGE GROUP 1 9.25% $29,461
BM Real Estate Services, Inc. 1 6.50% $3,800
Century Mortgage Company DBA Century Lending Company 1 8.00% $13,405
Charles Schwab Bank, SSB 1 5.13% $5,145
ChoiceOne Bank 1 6.75% $3,258
CITIZENS EQUITY FIRST 1 6.75% $2,757
CMG MORTGAGE, INC. 1 6.99% $6,295
Commerce Bank 1 7.00% $2,702
COMPASS MORTGAGE, INC. 1 6.99% $4,099
CONTOUR MORTGAGE CORPORATION 1 5.75% $9,297
Cornerstone First Mortgage, Inc 1 10.00% $8,027
Cornerstone National Bank & Trust Company 1 6.13% $2,612
DELMAR FINANCIAL COMPANY 1 6.38% $3,762
Elements Financial Federal Credit Union 1 6.50% $6,320
EMBRACE HOME LOANS, INC. 1 7.63% $5,504
EMM LOANS LLC 1 5.88% $10,698
Farmers Bank & Trust 1 5.88% $3,773
FIRST COMMUNITY MORTGAGE, INC. 1 7.13% $5,373
First Federal Bank 1 7.13% $5,357
First Merchants Bank 1 6.75% $6,964
FIRST NORTHERN Credit Union 1 7.38% $2,248
FIRST STATE MORTGAGE SERVICES, LLC 1 7.13% $4,196
First Western Trust Bank 1 6.63% $1,589
Florida Capital Bank 1 6.50% $5,372
General Mortgage Capital Corporation 1 8.75% $10,431
Goldman Sachs Bank USA 1 6.30% $3,973
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.99% $4,538
GUARANTEED RATE AFFINITY, LLC 1 7.63% $14,067
J. VIRGIL, INC. 1 7.25% $6,078
Kellogg Community Credit Union 1 6.13% $3,015
KeyBank 1 6.88% $3,692
Leader Bank 1 5.99% $5,193
LEADERONE FINANCIAL CORPORATION 1 7.63% $18,358
Marquette Bank 1 5.88% $2,989
MEMBERFOCUS COMMUNITY 1 6.38% $2,946
MICHIGAN FIRST CREDIT UNION 1 6.13% $3,143
MILESTONE HOME LENDING, LLC 1 7.50% $4,685
MJW Financial LLC 1 8.50% $4,136
MORTGAGE ACCESS CORP. 1 7.13% $3,749
NASA Federal Credit Union 1 6.63% $7,351
NEWREZ LLC 1 7.13% $4,661
NFM, INC. 1 6.99% $8,114
North American Savings Bank, F.S.B. 1 9.25% $6,189
Old Second National Bank 1 7.13% $3,952
Paramount Bank 1 6.63% $3,207
PENNYMAC LOAN SERVICES, LLC 1 7.00% $3,635
PLANET HOME LENDING, LLC 1 6.13% $8,634
POINT Mortgage 1 7.49% $4,271
Preston Home Loans Inc 1 6.63% $3,981
RADIUS FINANCIAL GROUP INC. 1 7.99% $8,939
SECURITY CREDIT UNION 1 7.00% $2,323
SECURITYNATIONAL MORTGAGE COMPANY 1 8.13% $5,093
Sierra Pacific Mortgage Company, Inc. 1 7.13% $2,935
SIRVA MORTGAGE, INC. 1 7.13% $729
T2 FINANCIAL LLC 1 7.25% $3,908
TECH Credit Union 1 7.13% $3,936
Texana Bank 1 6.13% $8,634
The State Bank 1 5.13% $1,503
TOP FLITE FINANCIAL, INC. 1 6.99% $11,288
Union Savings Bank 1 7.50% $7,735
UNITED HOME LOANS, INC. 1 6.88% $2,745
UNITED MORTGAGE CORP 1 6.88% $8,897

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.