NILES Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Niles averaged
6.9%
for the week of 2023-12-07, compared to the national average of
7.03% for the same period.
The average rate for the prior week (2023-11-30) was
6.99% and
one month ago for the week of 2023-11-02, the
average rate was 7.43%.
Niles's average rate one year ago was 6.16%.
For refis of the same type during the week of 2023-12-07, the average rate
was 6.7%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-12-07 | 7.03% |
| Niles 30 Year Fixed Rate | 2023-12-07 | 6.9% |
| Niles 30 Year Fixed Rate Refi | 2023-12-07 | 6.7% |
| Niles 15 Year Fixed Rate | 2023-12-07 | 6.61% |
| Niles 15 Year Fixed Rate Refi | 2023-12-07 | 5.56% |
| Niles 30 Year FHA | 2023-12-07 | 6.7% |
| Niles 30 Year FHA Refi | 2023-12-07 | 6.72% |
| Niles 30 Year USDA | 2023-12-07 | 6.92% |
| Niles 30 Year USDA Refi | 2023-12-07 | 6.72% |
| Niles 30 Year VA | 2023-12-07 | 6.23% |
| Niles 30 Year VA Refi | 2023-12-07 | 6.64% |
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 178 lenders originated 4,918
loans during 2022. The total origination value was $1,003,830,000, with an average loan value of
$204,113.
NILES's average closing costs are $3,772.
The top NILES lender as defined by loan originations is UNITED, with
336 loans originated. Their average total fees are
$3,890, which is $1,768
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee NILES lenders (with over 10 loans originated) are
Circle Federal Credit Union ($2,832), TEACHERS CREDIT UNION ($2,838), Honor Credit Union ($2,843), RUOFF MORTGAGE COMPANY, INC. ($3,156) and Horizon Bank ($3,166).
The lowest rate NILES lenders (with over 10 loans originated) are
Bank of America (3.73%), Morgan Stanley Private Bank (3.91%), U.S. Bank (4.52%), Honor Credit Union (4.53%) and OAK MORTGAGE, LLC (4.54%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| UNITED | $183,160,000 | $129,000,000 | -29.6% | 12.9% |
| Honor Credit Union | $148,400,000 | $103,150,000 | -30.5% | 10.3% |
| Horizon Bank | $76,055,000 | $46,300,000 | -39.1% | 4.6% |
| OAK MORTGAGE, LLC | $85,215,000 | $46,060,000 | -45.9% | 4.6% |
| QUICKEN LOANS, LLC | $116,700,000 | $41,390,000 | -64.5% | 4.1% |
| JPMorgan Chase Bank | $51,470,000 | $38,655,000 | -24.9% | 3.9% |
| Fifth Third Bank | $54,190,000 | $33,685,000 | -37.8% | 3.4% |
| The Huntington National Bank | $27,475,000 | $33,025,000 | 20.2% | 3.3% |
| AMERIFIRST FINANCIAL CORPORATION | $38,645,000 | $25,930,000 | -32.9% | 2.6% |
| Bank of America | $25,680,000 | $21,225,000 | -17.3% | 2.1% |
| GUARANTEED RATE, INC. | $56,430,000 | $20,345,000 | -63.9% | 2.0% |
| LAKE MICHIGAN CREDIT UNION | $20,370,000 | $16,425,000 | -19.4% | 1.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $22,680,000 | $16,315,000 | -28.1% | 1.6% |
| Associated Bank | $27,765,000 | $15,125,000 | -45.5% | 1.5% |
| Flagstar Bank, FSB | $18,725,000 | $14,830,000 | -20.8% | 1.5% |
| Wells Fargo Bank | $16,415,000 | $14,540,000 | -11.4% | 1.4% |
| Notre Dame Federal Credit Union Corporation | $12,485,000 | $13,610,000 | 9.0% | 1.4% |
| RUOFF MORTGAGE COMPANY, INC. | $30,080,000 | $13,360,000 | -55.6% | 1.3% |
| 1st Source Bank | $17,565,000 | $12,895,000 | -26.6% | 1.3% |
| Morgan Stanley Private Bank | $6,095,000 | $12,660,000 | 107.7% | 1.3% |
| Independent Bank | $27,370,000 | $11,105,000 | -59.4% | 1.1% |
| Citibank | $7,345,000 | $10,545,000 | 43.6% | 1.1% |
| Circle Federal Credit Union | $14,180,000 | $9,760,000 | -31.2% | 1.0% |
| PROPER RATE, LLC | $12,085,000 | $9,635,000 | -20.3% | 1.0% |
| LOANDEPOT.COM, LLC | $23,010,000 | $8,650,000 | -62.4% | 0.9% |
| TEACHERS CREDIT UNION | $21,290,000 | $8,495,000 | -60.1% | 0.8% |
| Sturgis Bank & Trust Company | $1,680,000 | $7,780,000 | 363.1% | 0.8% |
| Old National Bank | $8,430,000 | $7,570,000 | -10.2% | 0.8% |
| First Federal Savings Bank | $6,300,000 | $7,375,000 | 17.1% | 0.7% |
| U.S. Bank | $10,580,000 | $7,260,000 | -31.4% | 0.7% |
| PNC Bank | $9,360,000 | $6,545,000 | -30.1% | 0.7% |
| Regions Bank | $6,355,000 | n/a | 0.6% | |
| Mortgage Research Center, LLC | $12,290,000 | $6,205,000 | -49.5% | 0.6% |
| BMO Harris Bank | $7,430,000 | $5,845,000 | -21.3% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $4,845,000 | $5,710,000 | 17.9% | 0.6% |
| CONSUMERS | $5,800,000 | $5,405,000 | -6.8% | 0.5% |
| GreenStone Farm Credit Services, FLCA | $3,560,000 | $5,335,000 | 49.9% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $9,575,000 | $4,970,000 | -48.1% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,485,000 | $4,855,000 | -35.1% | 0.5% |
| Pinnacle Bank | $4,715,000 | n/a | 0.5% | |
| Citizens Bank | $1,710,000 | $4,675,000 | 173.4% | 0.5% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $7,790,000 | $4,240,000 | -45.6% | 0.4% |
| Hometown Lenders, Inc. | $2,765,000 | $4,170,000 | 50.8% | 0.4% |
| Charles Schwab Bank, SSB | $1,385,000 | $3,935,000 | 184.1% | 0.4% |
| CIBC Bank USA | $9,605,000 | $3,920,000 | -59.2% | 0.4% |
| HALLMARK HOME MORTGAGE, LLC | $9,390,000 | $3,880,000 | -58.7% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $11,145,000 | $3,855,000 | -65.4% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,840,000 | $3,605,000 | -25.5% | 0.4% |
| Hinsdale Bank & Trust Company | $3,450,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $9,295,000 | $3,345,000 | -64.0% | 0.3% |
| MORTGAGE ACCESS CORP. | $1,360,000 | $3,335,000 | 145.2% | 0.3% |
| The Northern Trust Company | $2,845,000 | $3,320,000 | 16.7% | 0.3% |
| GUARANTEED RATE AFFINITY, LLC | $3,980,000 | $3,235,000 | -18.7% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,660,000 | $3,055,000 | -16.5% | 0.3% |
| UBS Bank USA | $2,455,000 | $2,750,000 | 12.0% | 0.3% |
| MORTGAGE 1 INCORPORATED | $2,730,000 | $2,645,000 | -3.1% | 0.3% |
| First Financial Bank | $490,000 | $2,640,000 | 438.8% | 0.3% |
| HOMESIDE FINANCIAL, LLC | $3,905,000 | $2,570,000 | -34.2% | 0.3% |
| CALIBER HOME LOANS, INC. | $5,355,000 | $2,375,000 | -55.6% | 0.2% |
| BETTER MORTGAGE CORPORATION | $10,455,000 | $2,365,000 | -77.4% | 0.2% |
| BLUELEAF LENDING, LLC | $5,080,000 | $2,245,000 | -55.8% | 0.2% |
| Village Bank & Trust | $2,145,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,290,000 | $2,135,000 | -50.2% | 0.2% |
| Centier Bank | $4,275,000 | $2,095,000 | -51.0% | 0.2% |
| Carrington Mortgage Services, LLC | $1,260,000 | $2,005,000 | 59.1% | 0.2% |
| COMPASS MORTGAGE, INC. | $3,645,000 | $1,965,000 | -46.1% | 0.2% |
| Lake City Bank | $595,000 | $1,955,000 | 228.6% | 0.2% |
| HOME POINT FINANCIAL CORPORATION | $5,490,000 | $1,830,000 | -66.7% | 0.2% |
| First Midwest Bank | $3,535,000 | $1,825,000 | -48.4% | 0.2% |
| ARBOR FINANCIAL CREDIT UNION | $5,285,000 | $1,795,000 | -66.0% | 0.2% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $1,385,000 | $1,780,000 | 28.5% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $735,000 | $1,770,000 | 140.8% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $12,040,000 | $1,745,000 | -85.5% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $1,425,000 | $1,740,000 | 22.1% | 0.2% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $4,210,000 | $1,705,000 | -59.5% | 0.2% |
| Grand River Bank | $215,000 | $1,685,000 | 683.7% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $890,000 | $1,505,000 | 69.1% | 0.1% |
| CIVIC FINANCIAL SERVICES, LLC | $1,495,000 | n/a | 0.1% | |
| KeyBank | $23,905,000 | $1,430,000 | -94.0% | 0.1% |
| USAA Federal Savings Bank | $2,985,000 | $1,430,000 | -52.1% | 0.1% |
| GREENSTATE CREDIT UNION | $1,385,000 | n/a | 0.1% | |
| NEWREZ LLC | $6,105,000 | $1,380,000 | -77.4% | 0.1% |
| Southern Michigan Bank & Trust | $1,380,000 | n/a | 0.1% | |
| Mercantile Bank of Michigan | $3,505,000 | $1,310,000 | -62.6% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $1,905,000 | $1,285,000 | -32.5% | 0.1% |
| RF Renovo Management Company, LLC | $1,255,000 | n/a | 0.1% | |
| The Federal Savings Bank | $1,845,000 | $1,250,000 | -32.2% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $2,475,000 | $1,225,000 | -50.5% | 0.1% |
| Northpointe Bank | $2,455,000 | $1,225,000 | -50.1% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $3,675,000 | $1,210,000 | -67.1% | 0.1% |
| Chicago Financial Services, Inc. | $1,000,000 | $1,115,000 | 11.5% | 0.1% |
| LIMA ONE CAPITAL, LLC | $1,105,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $700,000 | $1,105,000 | 57.9% | 0.1% |
| NEW DAY FINANCIAL, LLC | $1,900,000 | $1,090,000 | -42.6% | 0.1% |
| Wheaton Bank & Trust | $1,075,000 | n/a | 0.1% | |
| Commerce Home Mortgage, Inc. | $1,070,000 | n/a | 0.1% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $10,120,000 | $1,050,000 | -89.6% | 0.1% |
| UNION HOME MORTGAGE CORP. | $6,050,000 | $1,035,000 | -82.9% | 0.1% |
| Ally Bank | $1,430,000 | $1,010,000 | -29.4% | 0.1% |
| PENNYMAC LOAN SERVICES, LLC | $5,890,000 | $995,000 | -83.1% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,175,000 | $990,000 | -15.7% | 0.1% |
| PLANET HOME LENDING, LLC | $560,000 | $990,000 | 76.8% | 0.1% |
| Pacor Mortgage Corp | $165,000 | $960,000 | 481.8% | 0.1% |
| BROKER SOLUTIONS, INC. | $2,895,000 | $945,000 | -67.4% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $440,000 | $945,000 | 114.8% | 0.1% |
| ZILLOW HOME LOANS, LLC | $670,000 | $940,000 | 40.3% | 0.1% |
| Northwest Bank | $2,180,000 | $915,000 | -58.0% | 0.1% |
| Stifel Bank and Trust | $2,055,000 | $900,000 | -56.2% | 0.1% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $920,000 | $895,000 | -2.7% | 0.1% |
| INLAND BANK & TRUST | $6,095,000 | $890,000 | -85.4% | 0.1% |
| Neighborhood Loans, Inc. | $2,175,000 | $890,000 | -59.1% | 0.1% |
| INB | $880,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $465,000 | $880,000 | 89.2% | 0.1% |
| INLANTA MORTGAGE, INC. | $350,000 | $870,000 | 148.6% | 0.1% |
| First American Bank | $1,455,000 | $850,000 | -41.6% | 0.1% |
| BAY EQUITY LLC | $820,000 | n/a | 0.1% | |
| The Dart Bank | $875,000 | $820,000 | -6.3% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $355,000 | $815,000 | 129.6% | 0.1% |
| EVERETT FINANCIAL, INC. | $145,000 | $780,000 | 437.9% | 0.1% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $5,345,000 | $775,000 | -85.5% | 0.1% |
| UNITED HOME LOANS, INC. | $280,000 | $765,000 | 173.2% | 0.1% |
| Busey Bank | $760,000 | n/a | 0.1% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $750,000 | $745,000 | -0.7% | 0.1% |
| Raymond James Bank | $2,270,000 | $745,000 | -67.2% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $1,455,000 | $735,000 | -49.5% | 0.1% |
| Servion, Inc. | $1,105,000 | $725,000 | -34.4% | 0.1% |
| VAN DYK MORTGAGE CORPORATION | $800,000 | $715,000 | -10.6% | 0.1% |
| AMERICAN ADVISORS GROUP | $805,000 | $700,000 | -13.0% | 0.1% |
| North American Savings Bank, F.S.B. | $305,000 | $680,000 | 123.0% | 0.1% |
| Gold Coast Bank | $3,865,000 | $660,000 | -82.9% | 0.1% |
| CONTOUR MORTGAGE CORPORATION | $225,000 | $650,000 | 188.9% | 0.1% |
| Platinum Home Mortgage Corporation | $650,000 | n/a | 0.1% | |
| INOVA FEDERAL CREDIT UNION | $1,115,000 | $640,000 | -42.6% | 0.1% |
| Schaumburg Bank & Trust | $635,000 | n/a | 0.1% | |
| Wyndham Capital Mortgage, Inc. | $675,000 | $610,000 | -9.6% | 0.1% |
| BNY Mellon | $605,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $685,000 | $600,000 | -12.4% | 0.1% |
| TEAM ONE CREDIT UNION | $235,000 | $595,000 | 153.2% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $550,000 | n/a | 0.1% | |
| GVC MORTGAGE, INC. | $575,000 | $535,000 | -7.0% | 0.1% |
| PURDUE FEDERAL CREDIT UNION | $585,000 | $535,000 | -8.5% | 0.1% |
| First Merchants Bank | $1,205,000 | $525,000 | -56.4% | 0.1% |
| AMERICAN FINANCING CORPORATION | $750,000 | $505,000 | -32.7% | 0.1% |
| Commercial Bank | $505,000 | n/a | 0.1% | |
| MORTGAGE CENTER L.C | $1,550,000 | $485,000 | -68.7% | 0.0% |
| The First National Bank of Ottawa | $2,015,000 | $465,000 | -76.9% | 0.0% |
| EVANSVILLE TEACHERS | $455,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $495,000 | $450,000 | -9.1% | 0.0% |
| CANOPY MORTGAGE, LLC | $375,000 | $445,000 | 18.7% | 0.0% |
| Peoples Bank | $235,000 | $445,000 | 89.4% | 0.0% |
| UNIVERSITY OF MICHIGAN CREDIT UNION | $440,000 | n/a | 0.0% | |
| Figure Lending LLC | $685,000 | $435,000 | -36.5% | 0.0% |
| NexBank | $425,000 | n/a | 0.0% | |
| LOANPAL, LLC | $175,000 | $420,000 | 140.0% | 0.0% |
| Luxury Mortgage Corp. | $415,000 | n/a | 0.0% | |
| City National Bank | $405,000 | n/a | 0.0% | |
| ANGEL OAK HOME LOANS LLC | $400,000 | n/a | 0.0% | |
| First Mid Bank & Trust | $395,000 | n/a | 0.0% | |
| ENVOY MORTGAGE, LTD | $390,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $810,000 | $390,000 | -51.9% | 0.0% |
| SUMMIT HOME MORTGAGE, LLC | $390,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $105,000 | $385,000 | 266.7% | 0.0% |
| THE ANDERSON FINANCIAL GROUP, INC. | $255,000 | $385,000 | 51.0% | 0.0% |
| CLEARPATH LENDING | $745,000 | $380,000 | -49.0% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $85,000 | $375,000 | 341.2% | 0.0% |
| United Community Bank | $345,000 | $365,000 | 5.8% | 0.0% |
| VISION FINANCIAL | $355,000 | n/a | 0.0% | |
| GSF Mortgage Corporation | $325,000 | n/a | 0.0% | |
| Prosperity Home Mortgage, LLC | $3,250,000 | $325,000 | -90.0% | 0.0% |
| Nations Lending Corporation | $350,000 | $320,000 | -8.6% | 0.0% |
| ADVANCIAL | $195,000 | $315,000 | 61.5% | 0.0% |
| FirstBank | $835,000 | $315,000 | -62.3% | 0.0% |
| RESIDENTIAL BANCORP. | $175,000 | $315,000 | 80.0% | 0.0% |
| BNC National Bank | $440,000 | $305,000 | -30.7% | 0.0% |
| ChoiceOne Bank | $295,000 | n/a | 0.0% | |
| GUILD MORTGAGE COMPANY | $345,000 | $285,000 | -17.4% | 0.0% |
| JUSTICE Federal Credit Union | $285,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $65,000 | $285,000 | 338.5% | 0.0% |
| Hometown National Bank | $275,000 | n/a | 0.0% | |
| First State Bank of St. Charles, Missouri | $265,000 | n/a | 0.0% | |
| CORPORATE AMERICA FAMILY | $255,000 | n/a | 0.0% | |
| Frankenmuth Credit Union | $255,000 | n/a | 0.0% | |
| Quontic Bank | $255,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $685,000 | $250,000 | -63.5% | 0.0% |
| M&T Bank | $300,000 | $250,000 | -16.7% | 0.0% |
| First State Bank of Middlebury | $390,000 | $245,000 | -37.2% | 0.0% |
| FNBC Bank & Trust | $245,000 | n/a | 0.0% | |
| Johnson Bank | $245,000 | n/a | 0.0% | |
| Michigan Educational Credit Union | $245,000 | n/a | 0.0% | |
| Grundy Bank | $1,635,000 | $235,000 | -85.6% | 0.0% |
| S1L, Inc. | $235,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $190,000 | $230,000 | 21.1% | 0.0% |
| West Michigan Community Bank | $45,000 | $225,000 | 400.0% | 0.0% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $95,000 | $205,000 | 115.8% | 0.0% |
| Discover Bank | $560,000 | $205,000 | -63.4% | 0.0% |
| KALSEE CREDIT UNION | $205,000 | $205,000 | 0.0% | 0.0% |
| Zeal Credit Union | $205,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $195,000 | n/a | 0.0% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $475,000 | $195,000 | -58.9% | 0.0% |
| Mutual Federal Bank | $895,000 | $195,000 | -78.2% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $285,000 | $195,000 | -31.6% | 0.0% |
| Community West Credit Union | $190,000 | n/a | 0.0% | |
| NUMARK CREDIT UNION | $190,000 | n/a | 0.0% | |
| AAC Credit Union | $205,000 | $185,000 | -9.8% | 0.0% |
| Arvest Bank | $370,000 | $185,000 | -50.0% | 0.0% |
| HAPO COMMUNITY CREDIT UNION | $185,000 | n/a | 0.0% | |
| SUMMIT FUNDING, INC. | $845,000 | $185,000 | -78.1% | 0.0% |
| University Bank | $185,000 | n/a | 0.0% | |
| ADVIA | $55,000 | $180,000 | 227.3% | 0.0% |
| DFCU FINANCIAL | $565,000 | $175,000 | -69.0% | 0.0% |
| LEGEND LENDING CORPORATION | $175,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $290,000 | $175,000 | -39.7% | 0.0% |
| NORTHERN MORTGAGE SERVICES, LLC | $335,000 | $175,000 | -47.8% | 0.0% |
| Simmons Bank | $175,000 | n/a | 0.0% | |
| FIRST HERITAGE FINANCIAL, LLC | $165,000 | $165,000 | 0.0% | 0.0% |
| FIRST STATE MORTGAGE SERVICES, LLC | $205,000 | $165,000 | -19.5% | 0.0% |
| WINGS FINANCIAL | $165,000 | n/a | 0.0% | |
| MICHIGAN SCHOOLS AND GOVERNMENT | $160,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $1,130,000 | $155,000 | -86.3% | 0.0% |
| ELGA CREDIT UNION | $155,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $780,000 | $155,000 | -80.1% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $145,000 | n/a | 0.0% | |
| Heartland Bank and Trust Company | $750,000 | $145,000 | -80.7% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $145,000 | n/a | 0.0% | |
| First Federal Savings Bank | $6,300,000 | $135,000 | -97.9% | 0.0% |
| Lakeview Community Capital, LLC | $420,000 | $135,000 | -67.9% | 0.0% |
| NBKC BANK | $765,000 | $135,000 | -82.4% | 0.0% |
| Watermark Capital, Inc. | $135,000 | n/a | 0.0% | |
| CREDIT UNION ONE | $115,000 | $130,000 | 13.0% | 0.0% |
| Chicago Mortgage Solutions LLC | $1,835,000 | $115,000 | -93.7% | 0.0% |
| Hometown Equity Mortgage, LLC | $135,000 | $115,000 | -14.8% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $525,000 | $115,000 | -78.1% | 0.0% |
| MMS MORTGAGE SERVICES, LTD. | $115,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $105,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $55,000 | $85,000 | 54.5% | 0.0% |
| Flanagan State Bank | $405,000 | $85,000 | -79.0% | 0.0% |
| MARSHALL COMMUNITY CREDIT UNION | $125,000 | $85,000 | -32.0% | 0.0% |
| BayCoast Bank | $225,000 | $80,000 | -64.4% | 0.0% |
| CASTLE & COOKE MORTGAGE, LLC | $75,000 | n/a | 0.0% | |
| CMG MORTGAGE, INC. | $290,000 | $75,000 | -74.1% | 0.0% |
| Deere Employees Credit Union | $400,000 | $75,000 | -81.3% | 0.0% |
| MIDWEST LOAN SOLUTIONS, INC. | $75,000 | n/a | 0.0% | |
| Three Rivers Federal Credit Union | $755,000 | $75,000 | -90.1% | 0.0% |
| OMNI Community Credit Union | $150,000 | $70,000 | -53.3% | 0.0% |
| 1st State Financial, Ltd. | $65,000 | n/a | 0.0% | |
| FIRST TRUST | $65,000 | n/a | 0.0% | |
| Meijer Credit Union | $65,000 | n/a | 0.0% | |
| ACADEMY MORTGAGE CORPORATION | $560,000 | $55,000 | -90.2% | 0.0% |
| Dort Financial Credit Union | $55,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $55,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $55,000 | n/a | 0.0% | |
| TLC COMMUNITY Credit Union | $55,000 | n/a | 0.0% | |
| United States Senate Federal Credit Union | $55,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $1,105,000 | $45,000 | -95.9% | 0.0% |
| EVERENCE FEDERAL CREDIT UNION | $45,000 | n/a | 0.0% | |
| INTERRA CREDIT UNION | $555,000 | $45,000 | -91.9% | 0.0% |
| STAR Financial Bank | $45,000 | n/a | 0.0% | |
| STAR USA FEDERAL CREDIT UNION | $45,000 | n/a | 0.0% | |
| Kellogg Community Credit Union | $25,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $15,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $15,000 | $15,000 | 0.0% | 0.0% |
NILES's top lender by overall market share is UNITED, with 12.9% market share. In second place, with 10.3%, is Honor Credit Union, having originated $103,150,000 in loans. In third place, with 4.6%, is Horizon Bank, having originated $46,300,000 in loans. In fourth place, with 4.6%, is OAK MORTGAGE, LLC, having originated $46,060,000 in loans. In fifth place, with 4.1%, is QUICKEN LOANS, LLC, having originated $41,390,000 in loans.
NILES, MI Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 49022 | Niles-Benton Harbor, MI | $630 | $640 | $820 | $1,060 | $1,220 |
| 49023 | Niles-Benton Harbor, MI | $650 | $660 | $850 | $1,100 | $1,260 |
| 49038 | Niles-Benton Harbor, MI | $650 | $660 | $850 | $1,100 | $1,260 |
| 49043 | Niles-Benton Harbor, MI | $650 | $660 | $850 | $1,100 | $1,260 |
| 49047 | Niles-Benton Harbor, MI | $560 | $590 | $760 | $990 | $1,080 |
| 49084 | Niles-Benton Harbor, MI | $630 | $640 | $820 | $1,060 | $1,220 |
| 49085 | Niles-Benton Harbor, MI | $690 | $700 | $900 | $1,160 | $1,330 |
| 49098 | Niles-Benton Harbor, MI | $620 | $630 | $810 | $1,050 | $1,200 |
| 49101 | Niles-Benton Harbor, MI | $700 | $710 | $910 | $1,180 | $1,350 |
| 49102 | Niles-Benton Harbor, MI | $930 | $940 | $1,210 | $1,570 | $1,790 |
| 49103 | Niles-Benton Harbor, MI | $600 | $610 | $790 | $1,020 | $1,170 |
| 49104 | Niles-Benton Harbor, MI | $600 | $610 | $790 | $1,020 | $1,170 |
| 49106 | Niles-Benton Harbor, MI | $630 | $640 | $820 | $1,060 | $1,220 |
| 49107 | Niles-Benton Harbor, MI | $600 | $610 | $790 | $1,020 | $1,170 |
| 49111 | Niles-Benton Harbor, MI | $700 | $710 | $920 | $1,190 | $1,360 |
| 49113 | Niles-Benton Harbor, MI | $680 | $690 | $890 | $1,150 | $1,320 |
| 49115 | Niles-Benton Harbor, MI | $640 | $650 | $840 | $1,080 | $1,240 |
| 49116 | Niles-Benton Harbor, MI | $650 | $660 | $850 | $1,100 | $1,260 |
| 49117 | Niles-Benton Harbor, MI | $730 | $740 | $960 | $1,240 | $1,420 |
| 49119 | Niles-Benton Harbor, MI | $620 | $630 | $810 | $1,040 | $1,190 |
| 49120 | Niles-Benton Harbor, MI | $600 | $630 | $810 | $1,050 | $1,170 |
| 49125 | Niles-Benton Harbor, MI | $580 | $590 | $760 | $980 | $1,120 |
| 49126 | Niles-Benton Harbor, MI | $670 | $680 | $880 | $1,140 | $1,300 |
| 49127 | Niles-Benton Harbor, MI | $740 | $750 | $970 | $1,260 | $1,440 |
| 49128 | Niles-Benton Harbor, MI | $700 | $710 | $910 | $1,180 | $1,350 |
| 49129 | Niles-Benton Harbor, MI | $720 | $730 | $950 | $1,230 | $1,400 |
2022 Average & Median Rent Data Statistics
NILES, MI average 1BR rent: $672, median: $660
NILES, MI average 2BR rent: $866, median: $850
NILES, MI average 3BR rent: $1,120, median: $1,100
NILES, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,139 | $573,995,000 | $268,347 |
| Cash Out Refi | 874 | $179,570,000 | $205,458 |
| Home Improvement | 783 | $65,065,000 | $83,097 |
| Refi | 633 | $117,695,000 | $185,932 |
| Other | 489 | $67,505,000 | $138,047 |
Niles's most frequently cited loan purpose was Home Purchase, with 2,139 originations. The 2nd most popular reason was Cash Out Refi, with 874 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1,175 | $238,445,000 | $202,932 |
| 3-4% | 1,165 | $249,715,000 | $214,348 |
| 4-5% | 1,004 | $223,770,000 | $222,878 |
| 6-7% | 629 | $105,605,000 | $167,893 |
| 2.5-3% | 314 | $82,020,000 | $261,210 |
| 7-8% | 239 | $32,215,000 | $134,791 |
| <2.5% | 199 | $46,555,000 | $233,945 |
| Over 8% | 130 | $9,200,000 | $70,769 |
During 2022, Niles's most frequently originated rate bucket was 5-6%, with 1,175 originations.
Loan Sizing (NILES, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 1,657 | $87,885,000 | $53,039 |
| $100k-200k | 1,649 | $236,705,000 | $143,545 |
| $200k-400k | 1,130 | $306,720,000 | $271,434 |
| $400k-600k | 260 | $124,000,000 | $476,923 |
| $600k-1000k | 136 | $97,360,000 | $715,882 |
| $Over $1MM | 86 | $151,160,000 | $1,757,674 |
NILES's loan sizing saw the bucket of loans from $100,000 or less with 1,657 originations, totaling $87,885,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,517 | $370,485,000 | $244,222 |
| 60-80% | 1,207 | $366,065,000 | $303,285 |
| Under 20% | 733 | $33,875,000 | $46,214 |
| 20-40% | 697 | $78,395,000 | $112,475 |
| 40-60% | 635 | $126,155,000 | $198,669 |
| Over 100% | 26 | $9,440,000 | $363,077 |
NILES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,517 originations, totaling $370,485,000 in origination value.