NILES Mortgage Rates
30 Year Fixed Rate mortgages in Niles averaged
3.36%
for the week of 2021-11-24, compared to the national average of
3.1% for the same period.
The average rate for the prior week (2021-11-18) was
3.06% and
one month ago for the week of 2021-10-21, the
average rate was 3.05%.
Niles's average rate one year ago was 2.68%.
For refis of the same type during the week of 2021-11-24, the average rate
was 3.14%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2021-11-24 | 3.1% |
| Niles 30 Year Fixed Rate | 2021-11-24 | 3.36% |
| Niles 30 Year Fixed Rate Refi | 2021-11-24 | 3.14% |
| Niles 15 Year Fixed Rate | 2021-11-24 | 3.15% |
| Niles 15 Year Fixed Rate Refi | 2021-11-24 | 2.84% |
| Niles 30 Year FHA | 2021-11-24 | 3.88% |
| Niles 30 Year FHA Refi | 2021-11-24 | 3.48% |
| Niles 30 Year USDA | 2021-11-24 | 3.81% |
| Niles 30 Year USDA Refi | 2021-11-24 | 3.47% |
| Niles 30 Year VA | 2021-11-24 | 3.53% |
| Niles 30 Year VA Refi | 2021-11-24 | 2.92% |
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 202 lenders originated 7,451
loans during 2020. The total origination value was $1,560,745,000, with an average loan value of
$209,468.
The top NILES lender as defined by loan originations is UNITED, with
501 loans originated. Their average total fees are
$3,009, which is $551
higher than the next largest lender,
Honor Credit Union.
The lowest fee NILES lenders (with over 10 loans originated) are
RUOFF MORTGAGE COMPANY, INC. ($2,107), CONSUMERS ($2,324), Circle Federal Credit Union ($2,445), Honor Credit Union ($2,458) and TEACHERS CREDIT UNION ($2,542).
The lowest rate NILES lenders (with over 10 loans originated) are
PROPER RATE, LLC (2.86%), OAK MORTGAGE, LLC (2.86%), FIRST CENTENNIAL MORTGAGE CORPORATION (2.92%), CROSSCOUNTRY MORTGAGE, LLC (2.98%) and BLUELEAF LENDING, LLC (3.02%).
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 | 2019 Loan Value | 2020 Loan Value | % Change | 2020 Market Share |
|---|---|---|---|---|
| United Federal Credit Union | $99,475,000 | $185,995,000 | 87.0% | 11.9% |
| Honor Credit Union | $73,120,000 | $154,410,000 | 111.2% | 9.9% |
| Quicken Loans | $51,060,000 | $87,045,000 | 70.5% | 5.6% |
| HORIZON BANK | $57,960,000 | $82,005,000 | 41.5% | 5.3% |
| Sturgis Bank & Trust Company | $135,000 | $62,895,000 | 46,488.9% | 4.0% |
| JPMorgan Chase Bank, NA | $39,415,000 | $61,880,000 | 57.0% | 4.0% |
| Edgewater Bank | $22,075,000 | $56,595,000 | 156.4% | 3.6% |
| Fifth Third Bank | $41,705,000 | $49,880,000 | 19.6% | 3.2% |
| AmeriFirst Home Mortgage | $24,145,000 | $42,125,000 | 74.5% | 2.7% |
| Guaranteed Rate Inc. | $22,080,000 | $40,830,000 | 84.9% | 2.6% |
| Independent Bank | $16,765,000 | $37,210,000 | 122.0% | 2.4% |
| Ruoff Home Mortgage | $23,180,000 | $35,955,000 | 55.1% | 2.3% |
| 1ST SOURCE BANK | $14,005,000 | $28,005,000 | 100.0% | 1.8% |
| TCF National Bank | $9,045,000 | $21,255,000 | 135.0% | 1.4% |
| Lake Michigan Credit Union | $10,595,000 | $20,205,000 | 90.7% | 1.3% |
| Bank of America NA | $19,015,000 | $19,205,000 | 1.0% | 1.2% |
| WELLS FARGO BANK NA | $18,425,000 | $18,955,000 | 2.9% | 1.2% |
| Teachers Credit Union | $3,450,000 | $17,970,000 | 420.9% | 1.2% |
| Huntington National Bank | $24,170,000 | $17,200,000 | -28.8% | 1.1% |
| Freedom Mortgage Corporation | $5,080,000 | $16,885,000 | 232.4% | 1.1% |
| Berkeley Point Capital, LLC | $16,375,000 | n/a | 1.0% | |
| United Shore Financial Services LLC | $9,875,000 | $16,355,000 | 65.6% | 1.0% |
| loanDepot LLC | $11,385,000 | $14,945,000 | 31.3% | 1.0% |
| Bellwether Enterprise Real Estate Capital LLC | $13,750,000 | n/a | 0.9% | |
| Associated Bank NA | $2,070,000 | $13,535,000 | 553.9% | 0.9% |
| US BANK, N.A. | $8,045,000 | $13,535,000 | 68.2% | 0.9% |
| Flagstar Bank | $5,175,000 | $12,690,000 | 145.2% | 0.8% |
| Greater Niles Community Federa | $5,010,000 | $11,935,000 | 138.2% | 0.8% |
| Draper and Kramer Mortgage Corp. | $3,930,000 | $10,100,000 | 157.0% | 0.6% |
| First Federal Savings Bank | $4,495,000 | $9,180,000 | 104.2% | 0.6% |
| BMO Harris Bank N.A. | $3,595,000 | $8,860,000 | 146.5% | 0.6% |
| Barrington Bank & Trust | $3,590,000 | $8,435,000 | 135.0% | 0.5% |
| Notre Dame Federal Credit Union | $4,470,000 | $8,195,000 | 83.3% | 0.5% |
| Mortgage Research Center LLC | $4,675,000 | $7,480,000 | 60.0% | 0.5% |
| BLUELEAF LENDING, LLC | $1,215,000 | $7,370,000 | 506.6% | 0.5% |
| CMG Mortgage Inc. | $13,675,000 | $7,125,000 | -47.9% | 0.5% |
| Hallmark Home Mortgage LLC | $4,530,000 | $7,080,000 | 56.3% | 0.5% |
| PNC BANK NA | $5,140,000 | $6,885,000 | 33.9% | 0.4% |
| Citibank, N.A. | $7,410,000 | $6,235,000 | -15.9% | 0.4% |
| First Centennial Mortgage Corp. | $1,275,000 | $6,195,000 | 385.9% | 0.4% |
| Old National Bank | $4,715,000 | $6,155,000 | 30.5% | 0.4% |
| Prosperity Home Mortgage LLC | $440,000 | $6,070,000 | 1,279.5% | 0.4% |
| Nationstar Mortgage | $3,220,000 | $6,060,000 | 88.2% | 0.4% |
| Morgan Stanley Private Bank NA | $1,655,000 | $5,780,000 | 249.2% | 0.4% |
| Caliber Home Loans Inc | $2,645,000 | $5,190,000 | 96.2% | 0.3% |
| CIBC Bank USA | $1,190,000 | $5,190,000 | 336.1% | 0.3% |
| Union Home Mortgage Company | $4,990,000 | $5,190,000 | 4.0% | 0.3% |
| First Midwest Bank | $2,880,000 | $5,080,000 | 76.4% | 0.3% |
| Compass Mortgage Inc | $525,000 | $4,690,000 | 793.3% | 0.3% |
| Charles Schwab Bank | $2,370,000 | $4,455,000 | 88.0% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $3,135,000 | $4,350,000 | 38.8% | 0.3% |
| FAIRWAY INDEPENDENT MORT CORP | $1,970,000 | $4,135,000 | 109.9% | 0.3% |
| Consumers Credit Union | $3,295,000 | $3,980,000 | 20.8% | 0.3% |
| USAA FEDERAL SAVINGS BANK | $5,220,000 | $3,920,000 | -24.9% | 0.3% |
| The Federal Savings Bank | $1,925,000 | $3,840,000 | 99.5% | 0.2% |
| GVC Mortgage Inc. | $620,000 | $3,630,000 | 485.5% | 0.2% |
| UBS Bank USA | $2,115,000 | $3,570,000 | 68.8% | 0.2% |
| Synergy One Lending | $2,685,000 | $3,395,000 | 26.4% | 0.2% |
| United Home Loans Inc | $560,000 | $3,305,000 | 490.2% | 0.2% |
| Ark-La-Tex Financial Services LLC | $950,000 | $3,260,000 | 243.2% | 0.2% |
| Finance of America Mortgage LLC | $1,095,000 | $3,240,000 | 195.9% | 0.2% |
| GreenStone Farm Credit Services | $2,755,000 | $3,160,000 | 14.7% | 0.2% |
| The Anderson Financial Group Inc | $885,000 | $3,065,000 | 246.3% | 0.2% |
| Better Mortgage Corporation | $2,025,000 | $3,050,000 | 50.6% | 0.2% |
| Clearpath Lending | $1,365,000 | $2,910,000 | 113.2% | 0.2% |
| Northwest Bank | $2,805,000 | n/a | 0.2% | |
| Gold Star Mortgage Financial Group, Corporation | $1,650,000 | $2,710,000 | 64.2% | 0.2% |
| Amerisave Mortgage Corporation | $1,910,000 | $2,685,000 | 40.6% | 0.2% |
| First Financial Credit Union | $2,670,000 | n/a | 0.2% | |
| Guaranteed Rate Affinity LLC | $810,000 | $2,635,000 | 225.3% | 0.2% |
| BNY MELLON, N.A. | $725,000 | $2,610,000 | 260.0% | 0.2% |
| Cardinal Financial Company LP | $525,000 | $2,590,000 | 393.3% | 0.2% |
| Centier Bank | $525,000 | $2,550,000 | 385.7% | 0.2% |
| KeyBank National Association | $500,000 | $2,445,000 | 389.0% | 0.2% |
| NewDay Financial LLC dba NewDay USA | $230,000 | $2,410,000 | 947.8% | 0.2% |
| The Northern Trust Company | $305,000 | $2,340,000 | 667.2% | 0.1% |
| Village Capital & Investment | $535,000 | $2,340,000 | 337.4% | 0.1% |
| Churchill Mortgage Corporation | $870,000 | $2,210,000 | 154.0% | 0.1% |
| PENNYMAC LOAN SERVICES LLC | $1,780,000 | $2,195,000 | 23.3% | 0.1% |
| PRIMELENDING | $1,975,000 | $2,150,000 | 8.9% | 0.1% |
| Homeside Financial LLC | $1,965,000 | $2,115,000 | 7.6% | 0.1% |
| COMERICA BANK | $2,050,000 | n/a | 0.1% | |
| CARRINGTON MORTGAGE SERVICES | $2,405,000 | $2,025,000 | -15.8% | 0.1% |
| TIAA, FSB | $575,000 | $1,970,000 | 242.6% | 0.1% |
| Chicago Financial Services, In | $935,000 | $1,930,000 | 106.4% | 0.1% |
| New American Funding (dba for Broker Solutions Inc) | $1,190,000 | $1,900,000 | 59.7% | 0.1% |
| Goldman Sachs Bank USA | $6,960,000 | $1,820,000 | -73.9% | 0.1% |
| LAKE CITY BANK | $780,000 | $1,780,000 | 128.2% | 0.1% |
| Arbor Financial Credit Union | $1,010,000 | $1,755,000 | 73.8% | 0.1% |
| CBNA | $2,160,000 | $1,740,000 | -19.4% | 0.1% |
| Mercantile Bank of Michigan | $3,565,000 | $1,705,000 | -52.2% | 0.1% |
| Royal United Mortgage LLC | $210,000 | $1,685,000 | 702.4% | 0.1% |
| West Suburban Bank | $1,685,000 | n/a | 0.1% | |
| Northpointe Bank | $1,205,000 | $1,670,000 | 38.6% | 0.1% |
| NEWREZ LLC | $1,655,000 | n/a | 0.1% | |
| Gold Coast Bank | $355,000 | $1,585,000 | 346.5% | 0.1% |
| Pacor Mortgage Corp | $1,305,000 | $1,570,000 | 20.3% | 0.1% |
| MARQUETTE BANK | $85,000 | $1,555,000 | 1,729.4% | 0.1% |
| Home Point Financial Corporation | $990,000 | $1,535,000 | 55.1% | 0.1% |
| Primary Residential Mortgage Inc. | $340,000 | $1,515,000 | 345.6% | 0.1% |
| Triad Financial Services Inc | $1,340,000 | $1,510,000 | 12.7% | 0.1% |
| Old Second National Bank | $670,000 | $1,500,000 | 123.9% | 0.1% |
| Busey Bank | $1,940,000 | $1,485,000 | -23.5% | 0.1% |
| Greystone Servicing Corporation, Inc. | $1,425,000 | n/a | 0.1% | |
| Lakeview Loan Servicing, LLC | $265,000 | $1,395,000 | 426.4% | 0.1% |
| Dow Chemical Employees Credit Union | $635,000 | $1,390,000 | 118.9% | 0.1% |
| Level One Bank | $1,385,000 | n/a | 0.1% | |
| American Pacific Mortgage Corporation | $1,380,000 | n/a | 0.1% | |
| Wyndham Capital Mortgage | $580,000 | $1,330,000 | 129.3% | 0.1% |
| Mortgage 1 Incorporated | $210,000 | $1,310,000 | 523.8% | 0.1% |
| Success Mortgage Partners Inc. | $2,380,000 | $1,290,000 | -45.8% | 0.1% |
| Alliant Credit Union | $35,000 | $1,275,000 | 3,542.9% | 0.1% |
| Key Mortgage Services Inc. | $650,000 | $1,270,000 | 95.4% | 0.1% |
| Neighborhood Loans | $350,000 | $1,260,000 | 260.0% | 0.1% |
| Baxter Credit Union | $1,210,000 | n/a | 0.1% | |
| Mid America Mortgage Inc. | $985,000 | $1,190,000 | 20.8% | 0.1% |
| MIDWEST COMMUNITY BANK | $485,000 | $1,180,000 | 143.3% | 0.1% |
| Ixonia Bank | $1,170,000 | n/a | 0.1% | |
| Michigan State University Federal Credit Union | $550,000 | $1,155,000 | 110.0% | 0.1% |
| RED MORTGAGE CAPITAL, LLC | $1,155,000 | n/a | 0.1% | |
| LeaderOne Financial Corp. | $690,000 | $1,145,000 | 65.9% | 0.1% |
| Home State Bank National Association | $485,000 | $1,105,000 | 127.8% | 0.1% |
| Oceanside Mortgage Company | $735,000 | $1,090,000 | 48.3% | 0.1% |
| FirstBank | $14,865,000 | $1,085,000 | -92.7% | 0.1% |
| Axos Bank | $1,050,000 | n/a | 0.1% | |
| Sturgis Bank & Trust Company | $135,000 | $1,050,000 | 677.8% | 0.1% |
| Inland Bank and Trust | $565,000 | $1,040,000 | 84.1% | 0.1% |
| FIRST STATE BANK | $240,000 | $1,035,000 | 331.3% | 0.1% |
| American Community Bank of Indiana | $1,015,000 | n/a | 0.1% | |
| FIRST NATIONAL BANK OF OTTAWA | $195,000 | $1,015,000 | 420.5% | 0.1% |
| Illinois National Bank | $1,010,000 | n/a | 0.1% | |
| HomeBridge Financial Services, Inc. | $595,000 | $940,000 | 58.0% | 0.1% |
| Lakeside Bank | $925,000 | n/a | 0.1% | |
| AmeriHomeMortgageCompany,LL | $380,000 | $920,000 | 142.1% | 0.1% |
| Grand River Bank | $920,000 | n/a | 0.1% | |
| Quorum Federal Credit Union | $905,000 | n/a | 0.1% | |
| CIBM Bank | $875,000 | n/a | 0.1% | |
| Sun West Mortgage Company Inc. | $235,000 | $865,000 | 268.1% | 0.1% |
| Planet Home Lending LLC | $850,000 | n/a | 0.1% | |
| Raymond James Bank National Association | $840,000 | n/a | 0.1% | |
| SoFi Lending Corp | $455,000 | $840,000 | 84.6% | 0.1% |
| DIAMOND RESIDENTIAL MTG CORP | $370,000 | $830,000 | 124.3% | 0.1% |
| MutualBank | $4,990,000 | $810,000 | -83.8% | 0.1% |
| NBKC Bank | $195,000 | $805,000 | 312.8% | 0.1% |
| First Guaranty Mortgage Corporation | $175,000 | $780,000 | 345.7% | 0.0% |
| Citadel Servicing Corporation | $185,000 | $765,000 | 313.5% | 0.0% |
| Michigan Mutual, Inc. DBA MiMutual Mortgage | $570,000 | $765,000 | 34.2% | 0.0% |
| Cornerstone National Bank & Trust Company | $215,000 | $750,000 | 248.8% | 0.0% |
| PHH MORTGAGE CORPORATION | $150,000 | $735,000 | 390.0% | 0.0% |
| American Financial Network Inc. | $540,000 | $730,000 | 35.2% | 0.0% |
| Evolve Bank & Trust | $730,000 | n/a | 0.0% | |
| Reliance First Capital LLC | $720,000 | n/a | 0.0% | |
| Pentagon Federal Credit Union | $25,000 | $695,000 | 2,680.0% | 0.0% |
| First American Bank | $495,000 | $675,000 | 36.4% | 0.0% |
| Cherry Creek Mortgage Co. Inc. | $660,000 | n/a | 0.0% | |
| Kellogg Community Credit Union | $650,000 | n/a | 0.0% | |
| Mortgage Center LLC | $1,125,000 | $650,000 | -42.2% | 0.0% |
| 21ST MORTGAGE | $290,000 | $645,000 | 122.4% | 0.0% |
| Isabella Bank | $640,000 | n/a | 0.0% | |
| Three Rivers Federal Credit Union | $640,000 | n/a | 0.0% | |
| Main Street Bank | $170,000 | $625,000 | 267.6% | 0.0% |
| Magnolia Bank Incorporated | $620,000 | n/a | 0.0% | |
| Hometown Lenders LLC | $610,000 | n/a | 0.0% | |
| The Dart Bank | $275,000 | $610,000 | 121.8% | 0.0% |
| Intercontinental Capital Group, Inc. | $605,000 | n/a | 0.0% | |
| Towne Mortgage Company | $780,000 | $605,000 | -22.4% | 0.0% |
| Low VA Rates | $450,000 | $555,000 | 23.3% | 0.0% |
| NuMark Credit Union | $225,000 | $550,000 | 144.4% | 0.0% |
| E Mortgage Management LLC | $520,000 | n/a | 0.0% | |
| Supreme Lending/ Everett Financial Inc. | $955,000 | $520,000 | -45.5% | 0.0% |
| VanDyk Mortgage Corporation | $245,000 | $520,000 | 112.2% | 0.0% |
| LenderFi, Inc. | $165,000 | $515,000 | 212.1% | 0.0% |
| Thrivent Federal Credit Union | $495,000 | n/a | 0.0% | |
| Mutual Federal Bank | $475,000 | n/a | 0.0% | |
| Envoy Mortgage Ltd. | $460,000 | n/a | 0.0% | |
| AUSTIN CAPITAL BANK SSB | $115,000 | $450,000 | 291.3% | 0.0% |
| ChoiceOne Bank | $450,000 | n/a | 0.0% | |
| Weichert Financial Services | $745,000 | $445,000 | -40.3% | 0.0% |
| American Financing Corporation | $435,000 | n/a | 0.0% | |
| Peoples Mortgage Company | $435,000 | n/a | 0.0% | |
| Advancial Federal Credit Union | $420,000 | n/a | 0.0% | |
| Guaranty Trust Company | $415,000 | n/a | 0.0% | |
| Cf Bank National Association | $405,000 | n/a | 0.0% | |
| DEVON BANK | $405,000 | n/a | 0.0% | |
| United Bank Of Michigan | $405,000 | n/a | 0.0% | |
| Digital Federal Credit Union | $35,000 | $400,000 | 1,042.9% | 0.0% |
| ROSS MORTGAGE CORPORATION | $390,000 | n/a | 0.0% | |
| The Old Fort Banking Company | $385,000 | n/a | 0.0% | |
| FIRST MERCHANTS BANK | $55,000 | $380,000 | 590.9% | 0.0% |
| Corporate America Family CU | $215,000 | $375,000 | 74.4% | 0.0% |
| Peoples Bank | $360,000 | n/a | 0.0% | |
| Merchants Bank of Indiana | $345,000 | n/a | 0.0% | |
| 1st State Bank | $340,000 | n/a | 0.0% | |
| North American Savings Bank | $340,000 | n/a | 0.0% | |
| Bay Equity LLC | $335,000 | n/a | 0.0% | |
| GSF Mortgage Corporation | $335,000 | n/a | 0.0% | |
| AimLoan.com | $600,000 | $325,000 | -45.8% | 0.0% |
| Ottawa Savings Bank | $325,000 | $325,000 | 0.0% | 0.0% |
| Sovereign Lending Group, Inc | $325,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $325,000 | n/a | 0.0% | |
| WEST TOWN BANK & TRUST | $325,000 | n/a | 0.0% | |
| American Financial Funding | $320,000 | n/a | 0.0% | |
| First Financial Bank | $1,285,000 | $320,000 | -75.1% | 0.0% |
| Purdue Federal Credit Union | $165,000 | $310,000 | 87.9% | 0.0% |
| Wings Financial Credit Union | $305,000 | n/a | 0.0% | |
| American Residential Lending | $295,000 | n/a | 0.0% | |
| DFCU Financial | $380,000 | $295,000 | -22.4% | 0.0% |
| First Savings Bank | $290,000 | n/a | 0.0% | |
| Stearns Lending | $335,000 | $290,000 | -13.4% | 0.0% |
| Branch Banking And Trust Co | $285,000 | n/a | 0.0% | |
| Embrace Home Loans, Inc. | $125,000 | $280,000 | 124.0% | 0.0% |
| M&T Bank | $275,000 | n/a | 0.0% | |
| The Inglis Dealership INC | $275,000 | n/a | 0.0% | |
| First State Bank Of St. Charles Missouri | $265,000 | n/a | 0.0% | |
| American Bank and Trust Company National Association | $255,000 | n/a | 0.0% | |
| INOVA Federal Credit Union | $1,310,000 | $255,000 | -80.5% | 0.0% |
| LendingHome Funding Corporation | $250,000 | n/a | 0.0% | |
| FIRST PEOPLES CFCU | $245,000 | n/a | 0.0% | |
| City National Bank | $235,000 | n/a | 0.0% | |
| Frankenmuth Credit Union | $235,000 | n/a | 0.0% | |
| Sunflower Bank, N.A. | $235,000 | n/a | 0.0% | |
| AMERIS BANK | $550,000 | $225,000 | -59.1% | 0.0% |
| JOHNSON BANK | $225,000 | n/a | 0.0% | |
| New West Lending Inc. | $225,000 | n/a | 0.0% | |
| Paramount Bank | $225,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $2,440,000 | $225,000 | -90.8% | 0.0% |
| The Money Source Inc. | $245,000 | $225,000 | -8.2% | 0.0% |
| Wanigas Credit Union | $220,000 | n/a | 0.0% | |
| Republic Bank of Chicago | $310,000 | $215,000 | -30.6% | 0.0% |
| AAG | $1,305,000 | $210,000 | -83.9% | 0.0% |
| Academy Mortgage Corporation | $210,000 | n/a | 0.0% | |
| BOKF NA | $205,000 | n/a | 0.0% | |
| MARSHALL COMMUNITY CREDIT UNION | $205,000 | $205,000 | 0.0% | 0.0% |
| Summit Funding Inc. | $360,000 | $205,000 | -43.1% | 0.0% |
| SUMMIT HOME MORTGAGE, LLC | $830,000 | $205,000 | -75.3% | 0.0% |
| RESIDENTIAL MORTGAGE SERVICES | $200,000 | n/a | 0.0% | |
| Advia Credit Union | $140,000 | $195,000 | 39.3% | 0.0% |
| First Internet Bank | $1,290,000 | $195,000 | -84.9% | 0.0% |
| Heartland Bank and Trust Co | $195,000 | n/a | 0.0% | |
| Michigan First Credit Union | $215,000 | $195,000 | -9.3% | 0.0% |
| Sierra Pacific Mortgage | $315,000 | $195,000 | -38.1% | 0.0% |
| The Fountain Trust Company | $195,000 | n/a | 0.0% | |
| CAPITAL BANK, NA | $185,000 | n/a | 0.0% | |
| POLARIS HOME FUNDING CORP | $185,000 | n/a | 0.0% | |
| Waterstone Mortgage Corp | $305,000 | $185,000 | -39.3% | 0.0% |
| Chiphone Credit Union | $180,000 | n/a | 0.0% | |
| Hancock Mortgage Partners LLC | $175,000 | n/a | 0.0% | |
| Lenox Financial Mortgage Corp. | $175,000 | n/a | 0.0% | |
| Oaktree Funding Corporation | $175,000 | n/a | 0.0% | |
| Plaza Home Mortgage Inc. | $1,115,000 | $175,000 | -84.3% | 0.0% |
| American Financial Resources Inc. | $295,000 | $170,000 | -42.4% | 0.0% |
| Blackhawk Bank | $165,000 | n/a | 0.0% | |
| Northern Mortgage Services, LLC | $550,000 | $165,000 | -70.0% | 0.0% |
| Providence Bank & Trust | $165,000 | n/a | 0.0% | |
| ST. JAMES MORTGAGE CORPORATION | $165,000 | n/a | 0.0% | |
| University Lending Group LLC | $165,000 | n/a | 0.0% | |
| University of Michigan Credit Union | $275,000 | $165,000 | -40.0% | 0.0% |
| Oxford Bank & Trust | $90,000 | $160,000 | 77.8% | 0.0% |
| BNC NATIONAL BANK | $155,000 | n/a | 0.0% | |
| Credit Union One | $155,000 | n/a | 0.0% | |
| Great Lakes Credit Union | $400,000 | $155,000 | -61.3% | 0.0% |
| Solidarity Community Federal Credit Union | $155,000 | n/a | 0.0% | |
| Flanagan State Bank | $145,000 | n/a | 0.0% | |
| Genisys Credit Union | $215,000 | $145,000 | -32.6% | 0.0% |
| Guild Mortgage Company | $145,000 | n/a | 0.0% | |
| Sirva Mortgage Inc. | $145,000 | n/a | 0.0% | |
| Illinois State Credit Union | $85,000 | $135,000 | 58.8% | 0.0% |
| LendUS LLC dba RPM Mortgage | $135,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $345,000 | $135,000 | -60.9% | 0.0% |
| Superior Credit Union Inc. | $135,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $125,000 | n/a | 0.0% | |
| Finance of America Reverse LLC | $75,000 | $125,000 | 66.7% | 0.0% |
| First Bank of Manhattan | $125,000 | n/a | 0.0% | |
| First Federal Bank of the Midwest | $125,000 | n/a | 0.0% | |
| TLC Community Credit Union | $125,000 | n/a | 0.0% | |
| Bayshore Mortgage Funding LLC | $115,000 | n/a | 0.0% | |
| KS StateBank | $115,000 | n/a | 0.0% | |
| OMNI Community Credit Union | $55,000 | $115,000 | 109.1% | 0.0% |
| First Midwest Bank of Poplar Bluff | $105,000 | n/a | 0.0% | |
| Partnership Financial Credit Union | $105,000 | n/a | 0.0% | |
| Consumers Credit Union | $3,295,000 | $95,000 | -97.1% | 0.0% |
| Cascade Financial Services | $85,000 | n/a | 0.0% | |
| Mortgage Solutions of Colorado LLC | $85,000 | n/a | 0.0% | |
| RBC Bank (Georgia), N.A. | $85,000 | n/a | 0.0% | |
| Somerville Bank | $75,000 | n/a | 0.0% | |
| Discover Bank | $425,000 | $70,000 | -83.5% | 0.0% |
| Interra Credit Union | $750,000 | $65,000 | -91.3% | 0.0% |
| Bank of England | $390,000 | $55,000 | -85.9% | 0.0% |
| Community Financial Credit Union | $55,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $55,000 | n/a | 0.0% | |
| Star USA Federal Credit Union | $35,000 | n/a | 0.0% | |
| Thumb Bank & Trust | $35,000 | n/a | 0.0% | |
| GreenStone Farm Credit Services | $2,755,000 | $15,000 | -99.5% | 0.0% |
NILES's top lender by overall market share is United Federal Credit Union, with 11.9% market share. In second place, with 9.9%, is Honor Credit Union, having originated $154,410,000 in loans. In third place, with 5.6%, is Quicken Loans, having originated $87,045,000 in loans. In third place, with 5.3%, is HORIZON BANK, having originated $82,005,000 in loans. In third place, with 4.0%, is Sturgis Bank & Trust Company, having originated $62,895,000 in loans.
NILES, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Refi | 2,968 | $645,540,000 | $217,500 |
| Home Purchase | 2,557 | $587,815,000 | $229,885 |
| Cash Out Refi | 1,118 | $252,300,000 | $225,671 |
| Home Improvement | 450 | $31,940,000 | $70,978 |
| Other | 358 | $43,150,000 | $120,531 |
Niles's most frequently cited loan purpose was Refi, with 2,968 originations. The 2nd most popular reason was Home Purchase, with 2,557 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 3,006 | $652,830,000 | $217,176 |
| 2.5-3% | 2,462 | $582,670,000 | $236,665 |
| 4-5% | 657 | $81,475,000 | $124,011 |
| <2.5% | 556 | $124,530,000 | $223,975 |
| 5-6% | 193 | $14,485,000 | $75,052 |
| 6-7% | 108 | $5,560,000 | $51,481 |
| Over 8% | 66 | $2,750,000 | $41,667 |
| 7-8% | 46 | $1,750,000 | $38,043 |
During 2020, Niles's most frequently originated rate bucket was 3-4%, with 3,006 originations.
Loan Sizing (NILES, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 2,979 | $437,695,000 | $146,927 |
| $200k-400k | 2,055 | $562,705,000 | $273,822 |
| $100,000 or less | 1,743 | $103,215,000 | $59,217 |
| $400k-600k | 475 | $225,725,000 | $475,211 |
| $600k-1000k | 130 | $98,240,000 | $755,692 |
| $Over $1MM | 69 | $133,165,000 | $1,929,928 |
NILES's loan sizing saw the bucket of loans from $100k-200k with 2,979 originations, totaling $437,695,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 2,493 | $611,545,000 | $245,305 |
| 80-100% | 2,309 | $504,195,000 | $218,361 |
| 40-60% | 1,065 | $236,375,000 | $221,948 |
| 20-40% | 584 | $71,770,000 | $122,894 |
| Under 20% | 422 | $18,860,000 | $44,692 |
| Over 100% | 29 | $8,755,000 | $301,897 |
NILES's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 2,493 originations, totaling $611,545,000 in origination value.