NILES Mortgage Rates

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

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%
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.).

Name # of Loans 2020 Avg. 30yFix Rate 2020 Avg. Total Fees
UNITED 501 3.39% $3,009
Honor Credit Union 373 3.33% $2,458
Horizon Bank 183 3.39% $2,885
QUICKEN LOANS, LLC 179 3.34% $4,819
OAK MORTGAGE, LLC 128 2.86% $2,890
RUOFF MORTGAGE COMPANY, INC. 122 3.28% $2,107
AMERIFIRST FINANCIAL CORPORATION 114 3.36% $3,380
JPMorgan Chase Bank, National Association 107 3.14% $2,950
Fifth Third Bank, National Association 103 3.51% $2,734
GUARANTEED RATE, INC. 96 3.24% $3,240
Independent Bank 84 3.36% $3,556
LAKE MICHIGAN CREDIT UNION 49 3.26% $3,141
Circle Federal Credit Union 48 3.04% $2,445
TEACHERS CREDIT UNION 46 3.46% $2,542
The Huntington National Bank 41 3.24% $3,047
UNITED WHOLESALE MORTGAGE, LLC 40 3.10% $4,205
Flagstar Bank, FSB 37 3.48% $2,971
LOANDEPOT.COM, LLC 37 3.19% $3,301
Wells Fargo Bank, National Association 34 3.20% $3,029
CROSSCOUNTRY MORTGAGE, LLC 34 2.98% $3,585
1st Source Bank 33 3.40% $3,106
Notre Dame Federal Credit Union Corporation 32 3.12% $3,241
HALLMARK HOME MORTGAGE, LLC 26 3.54% $3,179
DRAPER AND KRAMER MORTGAGE CORP. 26 3.21% $3,290
U.S. Bank National Association 25 3.11% $3,149
Bank of America, National Association 21 3.02% $2,974
CMG MORTGAGE, INC. 19 3.57% $4,524
FIRST CENTENNIAL MORTGAGE CORPORATION 19 2.92% $3,042
TCF National Bank 19 3.44% $3,336
Associated Bank, National Association 18 3.34% $4,121
First Federal Savings Bank 16 3.25% $3,500
COMPASS MORTGAGE, INC. 16 3.12% $3,291
PROPER RATE, LLC 15 2.86% $3,191
CONSUMERS 15 3.93% $2,324
UNION HOME MORTGAGE CORP. 14 3.36% $3,478
CALIBER HOME LOANS, INC. 13 3.33% $3,771
GVC MORTGAGE, INC. 13 3.65% $3,263
Prosperity Home Mortgage, LLC 12 3.07% $3,618
BLUELEAF LENDING, LLC 12 3.02% $2,906
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 3.12% $3,641
PNC Bank, National Association 10 3.32% $3,062
NATIONSTAR MORTGAGE LLC 10 3.84% $4,746
AMERISAVE MORTGAGE CORPORATION 9 2.79% $4,945
Barrington Bank & Trust Company, N.A. 9 3.19% $3,749
FINANCE OF AMERICA MORTGAGE LLC 8 3.39% $3,095
Old National Bank 8 3.30% $2,867
CIBC Bank USA 8 3.00% $3,976
MORTGAGE 1 INCORPORATED 8 3.45% $3,012
NAVY FEDERAL CREDIT UNION 7 3.82% $3,889
THE ANDERSON FINANCIAL GROUP, INC. 7 2.96% $3,595
GUARANTEED RATE AFFINITY, LLC 7 3.03% $3,868
First Financial Credit Union 7 3.13% $3,856
BETTER MORTGAGE CORPORATION 7 3.09% $4,203
PRIMELENDING, A PLAINSCAPITAL COMPANY 7 3.13% $3,514
MUTUAL OF OMAHA MORTGAGE, INC. 7 2.96% $2,963
Citibank, National Association 7 3.07% $4,425
BMO Harris Bank National Association 7 3.13% $4,282
First Midwest Bank 7 3.14% $4,066
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 3.41% $3,139
UNITED HOME LOANS, INC. 6 3.19% $2,884
PRIMARY RESIDENTIAL MORTGAGE, INC. 6 3.06% $3,106
Ally Bank 6 3.00% $3,720
Morgan Stanley Private Bank, National Association 6 2.75% $6,861
KeyBank National Association 6 3.02% $3,056
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 3.10% $3,034
Mercantile Bank of Michigan 5 3.25% $2,322
The Federal Savings Bank 5 3.18% $4,078
Neighborhood Loans, Inc. 5 3.10% $3,107
ROYAL UNITED MORTGAGE LLC 5 3.30% $6,874
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 3.07% $3,036
Chicago Financial Services, Inc. 5 2.93% $2,894
BROKER SOLUTIONS, INC. 5 3.90% $5,623
GreenStone Farm Credit Services, FLCA 5 3.52% $4,715
HOMESIDE FINANCIAL, LLC 5 3.10% $3,976
DOW CHEMICAL EMPLOYEES' 4 3.34% $3,003
Northpointe Bank 4 3.13% $2,664
Northwest Bank 4 2.84% $3,570
Pacor Mortgage Corp 4 3.00% $2,789
HOME POINT FINANCIAL CORPORATION 4 3.12% $2,601
Charles Schwab Bank, SSB 4 3.03% $3,406
Ixonia Bank 4 2.78% $2,993
Lake City Bank 4 3.41% $3,279
CHURCHILL MORTGAGE CORPORATION 4 3.97% $3,159
Level One Bank 4 3.16% $2,875
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 3 3.46% $4,224
UBS Bank USA 3 3.04% $4,456
TIAA, FSB 3 3.50% $3,799
SUCCESS MORTGAGE PARTNERS, INC. 3 3.38% $4,354
THRIVENT Federal Credit Union 3 3.21% $2,891
Centier Bank 3 3.17% $2,444
The Northern Trust Company 3 2.92% $3,499
PENNYMAC LOAN SERVICES, LLC 3 3.87% $4,786
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 3 3.33% $4,221
Carrington Mortgage Services, LLC 3 3.83% $3,810
USAA Federal Savings Bank 3 3.75% $4,074
Midwest Community Bank 3 3.00% $2,969
ROUNDPOINT MORTGAGE SERVICING CORPORATION 3 3.58% $2,361
Axos Bank 3 3.13% $1,178
Key Mortgage Services, Inc. 3 2.92% $3,468
MICHIGAN MUTUAL, INC. 3 3.21% $2,807
Wyndham Capital Mortgage, Inc. 3 3.21% $1,341
AMERICAN PACIFIC MORTGAGE CORPORATION 3 3.33% $3,291
NUMARK CREDIT UNION 2 3.00% $2,497
Comerica Bank 2 2.69% $4,515
ARBOR FINANCIAL CREDIT UNION 2 4.44% $3,204
BNY Mellon, National Association 2 2.75% $5,499
First State Bank 2 2.94% $3,924
FREEDOM MORTGAGE CORPORATION 2 3.63% $2,166
Goldman Sachs Bank USA 2 2.98% $3,090
First Merchants Bank 2 3.25% $2,882
AmeriHome Mortgage Company, LLC 2 3.06% $2,146
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 3.12% $4,256
ADVANCIAL 2 5.44% $4,074
Home State Bank, National Association 2 3.25% $3,355
Hometown Lenders, Inc. 2 3.19% $4,689
AMERICAN FINANCING CORPORATION 2 3.56% $3,056
STEARNS LENDING, LLC 2 3.06% $2,739
INOVA FEDERAL CREDIT UNION 2 3.63% $0
Evolve Bank & Trust 2 3.31% $3,399
Citizens Bank, National Association 2 3.06% $3,574
North American Savings Bank, F.S.B. 2 3.56% $4,165
LEADERONE FINANCIAL CORPORATION 2 2.63% $3,073
ALLIANT CREDIT UNION 2 3.00% $5,056
NBKC BANK 2 3.19% $1,387
MORTGAGE CENTER L.C 2 3.19% $1,811
ACADEMY MORTGAGE CORPORATION 2 3.19% $2,446
Main Street Bank 2 3.44% $2,427
Old Second National Bank 2 3.31% $2,808
SUMMIT HOME MORTGAGE, LLC 1 2.99% $2,859
American Financial Funding Corp. 1 3.88% $525
AMERICAN INTERNET MORTGAGE, INC. 1 3.25% $2,257
Ameris Bank 1 2.99% $3,455
AmRes Corporation 1 2.50% $1,106
Austin Capital Bank SSB 1 3.38% $3,292
Baxter Credit Union 1 3.25% $4,243
BAY EQUITY LLC 1 2.99% $5,882
BNC National Bank 1 3.75% $1,908
BOKF, National Association 1 3.38% $2,683
Busey Bank 1 3.50% $5,209
CHERRY CREEK MORTGAGE, LLC 1 3.25% $770
Chiphone Federal Credit Union 1 2.63% $2,645
CIBM Bank 1 3.38% $3,359
Citadel Servicing Corporation 1 7.00% $17,156
City National Bank 1 4.02% $3,336
CORPORATE AMERICA FAMILY 1 2.63% $3,603
DAS Acquisition Company, LLC 1 5.25% $3,469
EMBRACE HOME LOANS, INC. 1 2.75% $2,949
EMM LOANS LLC 1 3.38% $5,350
ENVOY MORTGAGE, LTD 1 3.25% $3,159
First American Bank 1 3.50% $2,759
FirstBank 1 2.75% $2,486
First Federal Bank 1 3.25% $7,527
First Financial Bank 1 3.00% $2,296
First Guaranty Mortgage Corporation 1 4.00% $4,977
First Internet Bank of Indiana 1 2.88% $2,634
First State Bank of St. Charles, Missouri 1 4.88% $3,556
Flanagan State Bank 1 2.75% $2,110
Frankenmuth Credit Union 1 2.75% $2,878
GREAT LAKES 1 3.38% $2,185
GUARANTY HOME MORTGAGE CORPORATION 1 2.63% $4,376
GUILD MORTGAGE COMPANY 1 3.75% $2,837
HANCOCK MORTGAGE PARTNERS, LLC 1 3.75% $5,802
ILLINOIS STATE CREDIT UNION 1 2.88% $1,303
INLAND BANK & TRUST 1 3.88% $3,461
Isabella Bank 1 3.13% $3,651
KS StateBank 1 3.00% $2,145
LENDUS, LLC 1 3.65% $6,654
LENOX FINANCIAL MORTGAGE CORPORATION 1 3.13% $3,046
Manufacturers and Traders Trust Company 1 3.88% $7,058
Marquette Bank 1 2.88% $3,525
Merchants Bank of Indiana 1 3.00% $3,824
MICHIGAN FIRST CREDIT UNION 1 3.13% $2,001
MORIA DEVELOPMENT, INC. 1 3.50% $5,933
MORTGAGE ACCESS CORP. 1 2.38% $7,400
MutualBank 1 4.00% $2,494
NEWREZ LLC 1 3.25% $4,277
NORTHERN MORTGAGE SERVICES, LLC 1 4.13% $5,460
OAKTREE FUNDING CORP. 1 4.00% $1,876
Paramount Bank 1 3.25% $0
PENTAGON FEDERAL CREDIT UNION 1 2.88% $1,534
PLANET HOME LENDING, LLC 1 3.99% $6,263
PLAZA HOME MORTGAGE, INC. 1 3.63% $5,626
PURDUE FEDERAL CREDIT UNION 1 3.63% $2,754
Raymond James Bank, National Association 1 3.13% $2,205
RBC Bank, (Georgia) National Association 1 3.00% $1,126
RELIANCE FIRST CAPITAL, LLC 1 3.63% $5,510
S1L, Inc. 1 2.99% $3,486
SIRVA MORTGAGE, INC. 1 2.75% $485
SOFI LENDING CORP. 1 3.00% $2,923
Somerville Bank 1 2.50% $2,097
SPRING EQ, LLC 1 2.75% $2,345
Stifel Bank and Trust 1 3.00% $2,177
St James Mortgage Corporation 1 3.00% $1,297
SUMMIT FUNDING, INC. 1 2.99% $3,224
Sunflower Bank, National Association 1 2.88% $3,299
SUN WEST MORTGAGE COMPANY, INC. 1 3.63% $1,916
Three Rivers Federal Credit Union 1 2.88% $2,853
TLC COMMUNITY Credit Union 1 3.75% $2,905
TOWNE MORTGAGE COMPANY 1 2.88% $1,720
UNIVERSITY LENDING GROUP, LLC 1 3.63% $2,892
UNIVERSITY OF MICHIGAN CREDIT UNION 1 3.38% $2,348
VAN DYK MORTGAGE CORPORATION 1 3.50% $2,581

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.