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 6.93% for the week of 2024-06-06, compared to the national average of 6.99% for the same period.

The average rate for the prior week (2024-05-30) was 7.07% and one month ago for the week of 2024-05-02, the average rate was 7.16%.

Niles's average rate one year ago was 6.93%.

For refis of the same type during the week of 2024-06-06, the average rate was 7.39%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-06 6.99%
Niles 30 Year Fixed Rate 2024-06-06 6.93%
Niles 30 Year Fixed Rate Refi 2024-06-06 7.39%
Niles 15 Year Fixed Rate 2024-06-06 6.39%
Niles 15 Year Fixed Rate Refi 2024-06-06 6.49%
Niles 30 Year FHA 2024-06-06 6.59%
Niles 30 Year FHA Refi 2024-06-06 6.49%
Niles 30 Year USDA 2024-06-06 6.5%
Niles 30 Year USDA Refi 2024-06-06 6.7%
Niles 30 Year VA 2024-06-06 6.33%
Niles 30 Year VA Refi 2024-06-06 6.29%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED 198 7.00% $3,938
OAK MORTGAGE, LLC 75 6.85% $3,350
QUICKEN LOANS, LLC 68 7.06% $5,713
UNION HOME MORTGAGE CORP. 53 7.29% $6,933
Honor Credit Union 50 7.03% $3,515
Horizon Bank 44 7.21% $3,077
RUOFF MORTGAGE COMPANY, INC. 43 6.90% $4,161
JPMorgan Chase Bank 43 6.76% $3,874
Fifth Third Bank 43 6.78% $3,640
GUARANTEED RATE, INC. 32 6.95% $4,898
UNITED WHOLESALE MORTGAGE, LLC 28 6.63% $5,507
1st Source Bank 25 6.77% $3,793
Flagstar Bank, FSB 22 7.01% $4,179
HALLMARK HOME MORTGAGE, LLC 20 7.06% $4,469
Independent Bank 19 6.86% $4,046
PROPER RATE, LLC 19 7.25% $5,497
Circle Federal Credit Union 15 7.04% $3,379
LAKE MICHIGAN CREDIT UNION 14 6.59% $3,197
The Huntington National Bank 12 6.32% $3,673
LOANDEPOT.COM, LLC 12 7.04% $6,723
CARDINAL FINANCIAL 12 7.04% $4,372
Notre Dame Federal Credit Union Corporation 11 6.86% $3,371
CONSUMERS 10 7.25% $3,405
TEACHERS CREDIT UNION 10 7.05% $3,446
Bank of America 9 6.36% $4,888
Citibank 9 5.25% $7,290
Barrington Bank & Trust Company, N.A. 7 7.25% $6,736
U.S. Bank 7 7.28% $3,608
CROSSCOUNTRY MORTGAGE, LLC 7 7.00% $6,861
CHURCHILL MORTGAGE CORPORATION 7 7.05% $5,711
Morgan Stanley Private Bank 6 5.98% $4,164
DRAPER AND KRAMER MORTGAGE CORP. 6 7.06% $4,863
Wells Fargo Bank 6 7.02% $5,814
GREENSTATE CREDIT UNION 5 6.97% $3,613
Neighborhood Loans, Inc. 5 6.72% $4,912
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.82% $4,609
Bethpage Federal Credit Union 5 6.55% $4,018
ARBOR FINANCIAL CREDIT UNION 4 6.28% $3,215
NAVY FEDERAL CREDIT UNION 4 6.34% $2,206
GUARANTEED RATE AFFINITY, LLC 4 7.38% $4,756
PENNYMAC LOAN SERVICES, LLC 4 6.41% $7,097
First Federal Savings Bank 4 7.31% $4,212
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.19% $4,272
The Federal Savings Bank 4 7.34% $6,963
UNITED HOME LOANS, INC. 4 7.59% $8,016
Mr. Cooper ( Nationstar Mortgage ) 3 6.38% $11,109
BETTER MORTGAGE CORPORATION 3 6.63% $2,314
First American Bank 3 7.50% $3,414
ROYAL UNITED MORTGAGE LLC 3 6.79% $12,206
FIRST CENTENNIAL MORTGAGE CORPORATION 3 6.92% $3,676
Old National Bank 3 6.96% $3,118
BAY EQUITY LLC 3 6.46% $4,058
FIRST COMMUNITY MORTGAGE, INC. 3 6.92% $4,930
AMERICAN PACIFIC MORTGAGE CORPORATION 3 8.00% $5,281
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 3 6.54% $3,562
Discover Bank 3 8.16% $0
CONTOUR MORTGAGE CORPORATION 3 7.42% $5,626
PURDUE FEDERAL CREDIT UNION 2 6.63% $2,605
AMERICAN FINANCING CORPORATION 2 6.38% $5,706
MORTGAGE 1 INCORPORATED 2 7.00% $3,983
MORTGAGE ACCESS CORP. 2 6.74% $5,280
Regions Bank 2 6.88% $4,460
PREMIA MORTGAGE, LLC 2 6.85% $1,201
AMERISAVE MORTGAGE CORPORATION 2 6.31% $10,000
SUCCESS MORTGAGE PARTNERS, INC. 2 6.31% $5,890
Centier Bank 2 6.75% $2,943
Gold Coast Bank 2 6.38% $7,645
ALLIANT CREDIT UNION 2 7.31% $3,906
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 5.99% $6,261
Northpointe Bank 2 7.44% $6,164
North American Savings Bank, F.S.B. 2 6.63% $1,314
VAN DYK MORTGAGE CORPORATION 2 7.81% $909
HOMESIDE FINANCIAL, LLC 2 7.31% $3,189
V.I.P. MORTGAGE, INC. 2 6.69% $5,185
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 6.38% $5,172
Associated Bank 2 5.81% $5,819
Bank Five Nine 2 7.44% $4,443
NBKC BANK 2 6.25% $3,090
INSPIRE HOME LOANS INC. 2 6.06% $3,969
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.19% $6,076
KeyBank 2 6.50% $6,270
Mortgage Research Center, LLC 2 6.87% $3,393
MORTGAGE CENTER L.C 2 6.19% $3,688
Citizens Bank 2 7.19% $3,093
ZILLOW HOME LOANS, LLC 1 7.75% $3,997
ACADEMY MORTGAGE CORPORATION 1 6.38% $6,713
Adventure Credit Union 1 5.25% $4,579
ALLIED MORTGAGE GROUP, INC. 1 6.38% $2,567
Ally Bank 1 5.38% $4,866
ARC HOME LLC 1 7.50% $3,236
Armed Forces Bank 1 7.63% $2,520
Arvest Bank 1 6.63% $2,930
BMO Harris Bank 1 6.63% $4,702
BROKER SOLUTIONS, INC. 1 7.99% $14,464
Charles Schwab Bank, SSB 1 6.25% $3,729
ChoiceOne Bank 1 5.63% $3,630
CNB Bank And Trust, N.A. 1 6.50% $2,737
COMPASS MORTGAGE, INC. 1 7.13% $2,865
CoVantage Credit Union 1 6.88% $2,098
DAS Acquisition Company, LLC 1 7.38% $6,401
Dearborn Federal Savings Bank 1 5.88% $2,605
DOW CHEMICAL EMPLOYEES' 1 6.75% $8,071
Evolve Bank & Trust 1 5.50% $2,957
First Federal Bank of the Midwest 1 7.25% $6,480
FIRST NORTHERN Credit Union 1 6.88% $2,821
First State Bank 1 6.38% $4,171
First State Bank of Middlebury 1 8.75% $2,831
FREEDOM MORTGAGE CORPORATION 1 5.88% $3,171
GENEVA FINANCIAL, LLC 1 7.13% $12,580
Goldman Sachs Bank USA 1 6.95% $2,468
GUILD MORTGAGE COMPANY 1 6.99% $8,304
INTERRA CREDIT UNION 1 6.38% $2,537
Ixonia Bank 1 7.38% $8,106
LAND HOME FINANCIAL SERVICES, INC. 1 6.88% $4,731
LENDSURE MORTGAGE CORP. 1 8.25% $13,373
Macatawa Bank 1 4.75% $4,273
MICHIGAN MUTUAL, INC. 1 6.50% $4,855
Midland States Bank 1 6.00% $4,358
MJW Financial LLC 1 7.62% $3,878
MMS MORTGAGE SERVICES, LTD. 1 6.50% $3,845
MOVEMENT MORTGAGE, LLC 1 7.63% $3,475
NEW FED MORTGAGE, CORP. 1 7.50% $5,037
NEWREZ LLC 1 6.63% $5,291
NexBank 1 7.50% $12,799
NORTHERN MORTGAGE SERVICES, LLC 1 6.49% $3,115
Northwest Bank 1 6.38% $2,397
NUMARK CREDIT UNION 1 6.38% $2,848
Ohnward Bank & Trust 1 5.75% $3,445
ON Q FINANCIAL, INC. 1 6.75% $8,579
Pacor Mortgage Corp 1 7.25% $6,758
Paramount Bank 1 7.38% $6,869
PHH Mortgage Corporation 1 7.99% $4,932
PNC Bank 1 7.50% $3,558
Preston Home Loans Inc 1 6.88% $5,715
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $6,773
Raymond James Bank 1 7.25% $4,495
SIRVA MORTGAGE, INC. 1 6.88% $2,935
T2 FINANCIAL LLC 1 7.50% $12,799
TECH Credit Union 1 6.88% $3,614
THE ANDERSON FINANCIAL GROUP, INC. 1 6.75% $3,109
The Dart Bank 1 6.75% $5,678
The Northern Trust Company 1 5.88% $5,233
THRIVENT Federal Credit Union 1 6.13% $3,448
TLC COMMUNITY Credit Union 1 6.50% $3,045
TOP FLITE FINANCIAL, INC. 1 8.50% $11,982
UBS Bank USA 1 5.75% $3,006
United Bank of Michigan 1 7.63% $2,633
UNIVERSITY OF MICHIGAN CREDIT UNION 1 6.88% $3,268
USAA Federal Savings Bank 1 5.75% $3,742
VIBE CREDIT UNION 1 7.00% $7,559
Warsaw Federal Savings and Loan Association 1 7.95% $7,279
WRIGHT-PATT CREDIT UNION, INC. 1 7.50% $3,610

NILES Average Closing Costs & Other Stats

NILES, MI's 152 lenders originated 3,429 loans during 2023. The total origination value was $645,305,000, with an average loan value of $188,190.

NILES's average closing costs are $3,930.

The top NILES lender as defined by loan originations is UNITED, with 198 loans originated. Their average total fees are $3,938, which is $588 higher than the next largest lender, OAK MORTGAGE, LLC.

The lowest fee NILES lenders (with over 10 loans originated) are Horizon Bank ($3,077), LAKE MICHIGAN CREDIT UNION ($3,197), OAK MORTGAGE, LLC ($3,350), Notre Dame Federal Credit Union Corporation ($3,371) and Circle Federal Credit Union ($3,379).

The lowest rate NILES lenders (with over 10 loans originated) are The Huntington National Bank (6.32%), LAKE MICHIGAN CREDIT UNION (6.59%), UNITED WHOLESALE MORTGAGE, LLC (6.63%), JPMorgan Chase Bank (6.76%) and 1st Source Bank (6.77%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Honor Credit Union $103,150,000 $79,960,000 -22.5% 12.4%
UNITED $129,000,000 $78,875,000 -38.9% 12.2%
QUICKEN LOANS, LLC $41,390,000 $28,370,000 -31.5% 4.4%
OAK MORTGAGE, LLC $46,060,000 $25,740,000 -44.1% 4.0%
Horizon Bank $46,300,000 $22,725,000 -50.9% 3.5%
UNION HOME MORTGAGE CORP. $1,035,000 $20,465,000 1,877.3% 3.2%
JPMorgan Chase Bank $38,655,000 $17,250,000 -55.4% 2.7%
Fifth Third Bank $33,685,000 $16,790,000 -50.2% 2.6%
GUARANTEED RATE, INC. $20,345,000 $16,240,000 -20.2% 2.5%
The Huntington National Bank $33,025,000 $15,385,000 -53.4% 2.4%
Heartland Bank and Trust Company $145,000 $14,005,000 9,558.6% 2.2%
RUOFF MORTGAGE COMPANY, INC. $13,360,000 $12,135,000 -9.2% 1.9%
Bank of America $21,225,000 $11,825,000 -44.3% 1.8%
Sturgis Bank & Trust Company $7,780,000 $10,870,000 39.7% 1.7%
1st Source Bank $12,895,000 $10,325,000 -19.9% 1.6%
UNITED WHOLESALE MORTGAGE, LLC $16,315,000 $9,545,000 -41.5% 1.5%
PROPER RATE, LLC $9,635,000 $8,285,000 -14.0% 1.3%
Citibank $10,545,000 $7,925,000 -24.8% 1.2%
Flagstar Bank, FSB $14,830,000 $7,765,000 -47.6% 1.2%
Independent Bank $11,105,000 $7,220,000 -35.0% 1.1%
LOANDEPOT.COM, LLC $8,650,000 $6,140,000 -29.0% 1.0%
Old Plank Trail Community Bank $5,815,000 n/a 0.9%
TEACHERS CREDIT UNION $8,495,000 $5,785,000 -31.9% 0.9%
First Federal Savings Bank $135,000 $5,400,000 3,900.0% 0.8%
Notre Dame Federal Credit Union Corporation $13,610,000 $5,110,000 -62.5% 0.8%
LAKE MICHIGAN CREDIT UNION $16,425,000 $5,040,000 -69.3% 0.8%
HALLMARK HOME MORTGAGE, LLC $3,880,000 $4,720,000 21.6% 0.7%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,505,000 $4,155,000 176.1% 0.6%
Mercantile Bank of Michigan $1,310,000 $4,085,000 211.8% 0.6%
CARDINAL FINANCIAL $4,240,000 $4,000,000 -5.7% 0.6%
Mortgage Research Center, LLC $6,205,000 $3,900,000 -37.1% 0.6%
NAVY FEDERAL CREDIT UNION $5,710,000 $3,895,000 -31.8% 0.6%
GREENSTATE CREDIT UNION $1,385,000 $3,825,000 176.2% 0.6%
CROSSCOUNTRY MORTGAGE, LLC $4,970,000 $3,815,000 -23.2% 0.6%
First National Bank of America $3,755,000 n/a 0.6%
Morgan Stanley Private Bank $12,660,000 $3,420,000 -73.0% 0.5%
Circle Federal Credit Union $9,760,000 $3,215,000 -67.1% 0.5%
Old National Bank $7,570,000 $3,210,000 -57.6% 0.5%
Hinsdale Bank & Trust Company $3,450,000 $3,095,000 -10.3% 0.5%
Barrington Bank & Trust Company, N.A. $1,745,000 $2,960,000 69.6% 0.5%
U.S. Bank $7,260,000 $2,960,000 -59.2% 0.5%
Wells Fargo Bank $14,540,000 $2,915,000 -80.0% 0.5%
WALKER & DUNLOP, LLC $2,755,000 n/a 0.4%
CONSUMERS $5,405,000 $2,690,000 -50.2% 0.4%
First Eagle Bank $2,450,000 n/a 0.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,605,000 $2,400,000 -33.4% 0.4%
PNC Bank $6,545,000 $2,305,000 -64.8% 0.4%
DRAPER AND KRAMER MORTGAGE CORP. $1,050,000 $2,260,000 115.2% 0.4%
Neighborhood Loans, Inc. $890,000 $2,230,000 150.6% 0.3%
FREEDOM MORTGAGE CORPORATION $3,855,000 $2,150,000 -44.2% 0.3%
AMERISAVE MORTGAGE CORPORATION $3,345,000 $2,130,000 -36.3% 0.3%
PENNYMAC LOAN SERVICES, LLC $995,000 $2,055,000 106.5% 0.3%
Citizens Bank $4,675,000 $2,015,000 -56.9% 0.3%
CHURCHILL MORTGAGE CORPORATION $45,000 $1,830,000 3,966.7% 0.3%
Bethpage Federal Credit Union $385,000 $1,825,000 374.0% 0.3%
TRIAD FINANCIAL SERVICES, INC. $1,740,000 $1,815,000 4.3% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $4,855,000 $1,765,000 -63.6% 0.3%
BMO Harris Bank $5,845,000 $1,740,000 -70.2% 0.3%
Associated Bank $15,125,000 $1,720,000 -88.6% 0.3%
21ST MORTGAGE CORPORATION $990,000 $1,660,000 67.7% 0.3%
CONTOUR MORTGAGE CORPORATION $650,000 $1,620,000 149.2% 0.3%
The Federal Savings Bank $1,250,000 $1,500,000 20.0% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $2,135,000 $1,485,000 -30.4% 0.2%
NBKC BANK $135,000 $1,430,000 959.3% 0.2%
GreenStone Farm Credit Services, FLCA $5,335,000 $1,425,000 -73.3% 0.2%
Carrington Mortgage Services, LLC $2,005,000 $1,350,000 -32.7% 0.2%
First American Bank $850,000 $1,340,000 57.6% 0.2%
MORTGAGE 1 INCORPORATED $2,645,000 $1,320,000 -50.1% 0.2%
USAA Federal Savings Bank $1,430,000 $1,245,000 -12.9% 0.2%
Northpointe Bank $1,225,000 $1,230,000 0.4% 0.2%
Discover Bank $205,000 $1,200,000 485.4% 0.2%
Centier Bank $2,095,000 $1,175,000 -43.9% 0.2%
KeyBank $1,430,000 $1,160,000 -18.9% 0.2%
The Northern Trust Company $3,320,000 $1,160,000 -65.1% 0.2%
ALLIANT CREDIT UNION $250,000 $1,080,000 332.0% 0.2%
First National Bank of Michigan $1,065,000 n/a 0.2%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $1,705,000 $1,065,000 -37.5% 0.2%
UNITED HOME LOANS, INC. $765,000 $1,040,000 35.9% 0.2%
Midland States Bank $1,005,000 n/a 0.2%
Gold Coast Bank $660,000 $1,000,000 51.5% 0.2%
Grundy Bank $235,000 $985,000 319.1% 0.2%
Warsaw Federal Savings and Loan Association $965,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $735,000 $945,000 28.6% 0.1%
INSPIRE HOME LOANS INC. $930,000 n/a 0.1%
ARBOR FINANCIAL CREDIT UNION $1,795,000 $920,000 -48.7% 0.1%
BROKER SOLUTIONS, INC. $945,000 $920,000 -2.6% 0.1%
Goldman Sachs Bank USA $915,000 n/a 0.1%
United Fidelity Funding Corp. $880,000 n/a 0.1%
RF Renovo Management Company, LLC $1,255,000 $855,000 -31.9% 0.1%
ROYAL UNITED MORTGAGE LLC $880,000 $850,000 -3.4% 0.1%
Wintrust Bank, N.A. $845,000 n/a 0.1%
Lake City Bank $1,955,000 $840,000 -57.0% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $1,285,000 $840,000 -34.6% 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $1,780,000 $835,000 -53.1% 0.1%
GUARANTEED RATE AFFINITY, LLC $3,235,000 $820,000 -74.7% 0.1%
CLEARPATH LENDING $380,000 $790,000 107.9% 0.1%
Regions Bank $6,355,000 $790,000 -87.6% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $780,000 n/a 0.1%
BAY EQUITY LLC $820,000 $770,000 -6.1% 0.1%
PREMIA MORTGAGE, LLC $770,000 n/a 0.1%
The Dart Bank $820,000 $740,000 -9.8% 0.1%
ZILLOW HOME LOANS, LLC $940,000 $740,000 -21.3% 0.1%
Macatawa Bank $725,000 n/a 0.1%
Coastal Community Bank $715,000 n/a 0.1%
FIRST COMMUNITY MORTGAGE, INC. $715,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $105,000 $715,000 581.0% 0.1%
GUILD MORTGAGE COMPANY $285,000 $695,000 143.9% 0.1%
North American Savings Bank, F.S.B. $680,000 $690,000 1.5% 0.1%
BETTER MORTGAGE CORPORATION $2,365,000 $665,000 -71.9% 0.1%
V.I.P. MORTGAGE, INC. $660,000 n/a 0.1%
ChoiceOne Bank $295,000 $645,000 118.6% 0.1%
Stifel Bank and Trust $900,000 $610,000 -32.2% 0.1%
SIRVA MORTGAGE, INC. $605,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $2,570,000 $600,000 -76.7% 0.1%
Arvest Bank $185,000 $590,000 218.9% 0.1%
FIRST CENTENNIAL MORTGAGE CORPORATION $775,000 $585,000 -24.5% 0.1%
MICHIGAN MUTUAL, INC. $390,000 $565,000 44.9% 0.1%
MORTGAGE ACCESS CORP. $3,335,000 $565,000 -83.1% 0.1%
Charles Schwab Bank, SSB $3,935,000 $555,000 -85.9% 0.1%
CIVIC FINANCIAL SERVICES, LLC $1,495,000 $550,000 -63.2% 0.1%
Adventure Credit Union $545,000 n/a 0.1%
WRIGHT-PATT CREDIT UNION, INC. $525,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $505,000 $515,000 2.0% 0.1%
Raymond James Bank $745,000 $515,000 -30.9% 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $145,000 $505,000 248.3% 0.1%
Central Bank $505,000 n/a 0.1%
GREAT LAKES $505,000 n/a 0.1%
NEW DAY FINANCIAL, LLC $1,090,000 $505,000 -53.7% 0.1%
NEWREZ LLC $1,380,000 $500,000 -63.8% 0.1%
TOP FLITE FINANCIAL, INC. $1,105,000 $495,000 -55.2% 0.1%
ON Q FINANCIAL, INC. $485,000 n/a 0.1%
The State Bank $475,000 n/a 0.1%
MORTGAGE CENTER L.C $485,000 $470,000 -3.1% 0.1%
Prospect Bank $465,000 n/a 0.1%
American Community Bank of Indiana $455,000 n/a 0.1%
Ally Bank $1,010,000 $450,000 -55.4% 0.1%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $895,000 $450,000 -49.7% 0.1%
Crystal Lake Bank and Trust $445,000 n/a 0.1%
First Federal Bank of the Midwest $445,000 n/a 0.1%
LENDINGHOME FUNDING CORPORATION $945,000 $440,000 -53.4% 0.1%
First Western Trust Bank $435,000 n/a 0.1%
West Michigan Community Bank $225,000 $425,000 88.9% 0.1%
Preston Home Loans Inc $420,000 n/a 0.1%
FIRST STATE MORTGAGE SERVICES, LLC $165,000 $415,000 151.5% 0.1%
Armed Forces Bank $405,000 n/a 0.1%
Farmers Bank & Trust $55,000 $405,000 636.4% 0.1%
Merchants and Manufacturers Bank $405,000 n/a 0.1%
ROSS MORTGAGE CORPORATION $400,000 n/a 0.1%
VAN DYK MORTGAGE CORPORATION $715,000 $400,000 -44.1% 0.1%
MYCUMORTGAGE, LLC $390,000 n/a 0.1%
Figure Lending LLC $435,000 $385,000 -11.5% 0.1%
Bank Five Nine $380,000 n/a 0.1%
Ixonia Bank $380,000 n/a 0.1%
First State Bank of Middlebury $245,000 $370,000 51.0% 0.1%
PURDUE FEDERAL CREDIT UNION $535,000 $365,000 -31.8% 0.1%
UNIVERSITY OF MICHIGAN CREDIT UNION $440,000 $360,000 -18.2% 0.1%
Hickory Point Bank and Trust $355,000 n/a 0.1%
County National Bank $345,000 n/a 0.1%
Abbott Laboratories Employees Credit Union $335,000 n/a 0.1%
Paramount Bank $330,000 n/a 0.1%
Comerica Bank $325,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $1,225,000 $325,000 -73.5% 0.1%
NexBank $425,000 $325,000 -23.5% 0.1%
Nicolet National Bank $325,000 n/a 0.1%
T2 FINANCIAL LLC $325,000 n/a 0.1%
ADVIA $180,000 $315,000 75.0% 0.0%
LENDSURE MORTGAGE CORP. $305,000 n/a 0.0%
NEW FED MORTGAGE, CORP. $305,000 n/a 0.0%
MJW Financial LLC $300,000 n/a 0.0%
Northbrook Bank & Trust $295,000 n/a 0.0%
STAUNTON FINANCIAL, INC. $295,000 n/a 0.0%
UBS Bank USA $2,750,000 $295,000 -89.3% 0.0%
Evolve Bank & Trust $285,000 n/a 0.0%
COMPASS MORTGAGE, INC. $1,965,000 $280,000 -85.8% 0.0%
PLANET HOME LENDING, LLC $990,000 $280,000 -71.7% 0.0%
ACADEMY MORTGAGE CORPORATION $55,000 $275,000 400.0% 0.0%
Dollar Bank, Federal Savings Bank $275,000 n/a 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $3,055,000 $270,000 -91.2% 0.0%
DAS Acquisition Company, LLC $265,000 n/a 0.0%
First Bank of Manhattan $265,000 n/a 0.0%
Lakeside Bank $265,000 n/a 0.0%
Dearborn Federal Savings Bank $255,000 n/a 0.0%
PHH Mortgage Corporation $450,000 $255,000 -43.3% 0.0%
Quad City Bank and Trust Company $255,000 n/a 0.0%
ALLIED MORTGAGE GROUP, INC. $245,000 n/a 0.0%
Blackhawk Bank & Trust $245,000 n/a 0.0%
VIBE CREDIT UNION $245,000 n/a 0.0%
DOW CHEMICAL EMPLOYEES' $235,000 n/a 0.0%
UIF CORPORATION $235,000 n/a 0.0%
CREDIT UNION ONE $130,000 $225,000 73.1% 0.0%
GENEVA FINANCIAL, LLC $195,000 $225,000 15.4% 0.0%
MMS MORTGAGE SERVICES, LTD. $115,000 $225,000 95.7% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $745,000 $225,000 -69.8% 0.0%
Northwest Bank $915,000 $220,000 -76.0% 0.0%
Chicago Patrolmen's Federal Credit Union $215,000 n/a 0.0%
Isabella Bank $215,000 n/a 0.0%
LAND HOME FINANCIAL SERVICES, INC. $215,000 n/a 0.0%
NATIONS RELIABLE LENDING, LLC $215,000 n/a 0.0%
FIRST STATE BANK $205,000 n/a 0.0%
Hometown Equity Mortgage, LLC $115,000 $205,000 78.3% 0.0%
OCMBC, INC. $205,000 n/a 0.0%
QUORUM FEDERAL CREDIT UNION $285,000 $205,000 -28.1% 0.0%
Third Federal Savings and Loan Association of Cleveland $205,000 n/a 0.0%
FIRST NORTHERN Credit Union $195,000 n/a 0.0%
First Savings Bank $195,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $600,000 $195,000 -67.5% 0.0%
University Bank $185,000 $195,000 5.4% 0.0%
MOVEMENT MORTGAGE, LLC $815,000 $185,000 -77.3% 0.0%
Pacor Mortgage Corp $960,000 $185,000 -80.7% 0.0%
TLC COMMUNITY Credit Union $55,000 $185,000 236.4% 0.0%
BECKAM FUNDING CORP. $175,000 n/a 0.0%
First State Bank $175,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $1,105,000 $175,000 -84.2% 0.0%
MILESTONE HOME LENDING, LLC $175,000 n/a 0.0%
SPRING EQ, LLC $230,000 $175,000 -23.9% 0.0%
TECH Credit Union $175,000 n/a 0.0%
TEMPLE VIEW CAPITAL FUNDING, LP $175,000 n/a 0.0%
ARC HOME LLC $165,000 n/a 0.0%
Ohnward Bank & Trust $165,000 n/a 0.0%
Baxter Credit Union $155,000 n/a 0.0%
EVERETT FINANCIAL, INC. $780,000 $155,000 -80.1% 0.0%
FINANCE OF AMERICA MORTGAGE LLC $1,210,000 $155,000 -87.2% 0.0%
GVC MORTGAGE, INC. $535,000 $155,000 -71.0% 0.0%
LIBERTY HOME MORTGAGE CORPORATION $145,000 $155,000 6.9% 0.0%
NUMARK CREDIT UNION $190,000 $155,000 -18.4% 0.0%
Signature Federal Credit Union $155,000 n/a 0.0%
State Department Federal Credit Union $155,000 n/a 0.0%
THE ANDERSON FINANCIAL GROUP, INC. $385,000 $155,000 -59.7% 0.0%
TOWNE MORTGAGE COMPANY $155,000 n/a 0.0%
CMG MORTGAGE, INC. $75,000 $145,000 93.3% 0.0%
CNB Bank And Trust, N.A. $145,000 n/a 0.0%
CoVantage Credit Union $145,000 n/a 0.0%
THRIVENT Federal Credit Union $145,000 n/a 0.0%
CALIBER HOME LOANS, INC. $2,375,000 $135,000 -94.3% 0.0%
Capital Bank $135,000 n/a 0.0%
INTERRA CREDIT UNION $45,000 $135,000 200.0% 0.0%
Logan Finance Corporation $135,000 n/a 0.0%
Three Rivers Federal Credit Union $75,000 $130,000 73.3% 0.0%
First United Bank and Trust Company $125,000 n/a 0.0%
LEADERONE FINANCIAL CORPORATION $125,000 n/a 0.0%
Plains Commerce Bank $115,000 n/a 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $195,000 $110,000 -43.6% 0.0%
FINANCE OF AMERICA REVERSE LLC $55,000 $105,000 90.9% 0.0%
MEMBER FIRST MORTGAGE, LLC $115,000 $105,000 -8.7% 0.0%
United Bank of Michigan $95,000 n/a 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $95,000 n/a 0.0%
DIGITAL Federal Credit Union $85,000 n/a 0.0%
LOANPAL, LLC $420,000 $85,000 -79.8% 0.0%
MICHIGAN SCHOOLS AND GOVERNMENT $160,000 $85,000 -46.9% 0.0%
GREENWOOD $75,000 n/a 0.0%
NORTHERN MORTGAGE SERVICES, LLC $175,000 $75,000 -57.1% 0.0%
Lake Trust Credit Union $70,000 n/a 0.0%
Bank 7 $55,000 n/a 0.0%
First Farmers Bank and Trust Company $55,000 n/a 0.0%
COMMUNITY FINANCIAL CREDIT UNION $45,000 n/a 0.0%
DFCU FINANCIAL $175,000 $45,000 -74.3% 0.0%
Marquette Bank $45,000 n/a 0.0%
S1L, Inc. $235,000 $45,000 -80.9% 0.0%
Home Loan Investment Bank, F.S.B. $15,000 $30,000 100.0% 0.0%
Community West Credit Union $190,000 $25,000 -86.8% 0.0%
Kellogg Community Credit Union $25,000 $25,000 0.0% 0.0%
OMNI Community Credit Union $70,000 $25,000 -64.3% 0.0%
MICHIGAN FIRST CREDIT UNION $15,000 n/a 0.0%
INOVA FEDERAL CREDIT UNION $640,000 $5,000 -99.2% 0.0%

NILES's top lender by overall market share is Honor Credit Union, with 12.4% market share. In second place, with 12.2%, is UNITED, having originated $78,875,000 in loans. In third place, with 4.4%, is QUICKEN LOANS, LLC, having originated $28,370,000 in loans. In fourth place, with 4.0%, is OAK MORTGAGE, LLC, having originated $25,740,000 in loans. In fifth place, with 3.5%, is Horizon Bank, having originated $22,725,000 in loans.


NILES Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - NILES (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $267,000 (-16.3%) $466,576 (-11.3%) 0.99 688
2018-02-01 $289,511 (-10.9%) $494,835 (-6.3%) 1.05 643
2018-03-01 $299,000 (-15.0%) $502,497 (-7.6%) 1.05 644
2018-04-01 $324,450 (-7.0%) $515,886 (-3.3%) 1.10 693
2018-05-01 $326,000 (-0.4%) $514,292 (1.1%) 1.09 776
2018-06-01 $329,900 (5.3%) $514,845 (6.6%) 1.10 847
2018-07-01 $324,000 (8.4%) $499,901 (4.2%) 1.08 925
2018-08-01 $310,000 (7.3%) $482,881 (0.8%) 1.04 989
2018-09-01 $299,900 (6.6%) $502,463 (3.9%) 1.01 992
2018-10-01 $301,200 (6.6%) $487,417 (0.5%) 1.02 969
2018-11-01 $298,450 (3.3%) $479,032 (-2.0%) 1.01 890
2018-12-01 $299,000 (10.8%) $477,520 (-0.6%) 1.03 765
2019-01-01 $298,350 (11.7%) $468,938 (0.5%) 1.03 645
2019-02-01 $314,490 (8.6%) $495,673 (0.2%) 1.06 615
2019-03-01 $332,929 (11.4%) $513,891 (2.3%) 1.09 645
2019-04-01 $346,250 (6.7%) $517,617 (0.3%) 1.10 684
2019-05-01 $347,175 (6.5%) $520,388 (1.2%) 1.09 739
2019-06-01 $334,900 (1.5%) $510,413 (-0.9%) 1.05 829
2019-07-01 $331,450 (2.3%) $519,445 (3.9%) 1.04 879
2019-08-01 $327,109 (5.5%) $508,328 (5.3%) 1.04 896
2019-09-01 $316,923 (5.7%) $495,389 (-1.4%) 1.01 912
2019-10-01 $310,357 (3.0%) $484,982 (-0.5%) 1.00 916
2019-11-01 $315,000 (5.6%) $481,930 (0.6%) 1.03 820
2019-12-01 $299,900 (0.3%) $453,263 (-5.1%) 1.00 701
2020-01-01 $294,925 (-1.2%) $442,728 (-5.6%) 0.99 614
2020-02-01 $295,000 (-6.2%) $446,369 (-10.0%) 0.97 616
2020-03-01 $327,000 (-1.8%) $470,157 (-8.5%) 1.03 603
2020-04-01 $338,400 (-2.3%) $510,745 (-1.3%) 1.06 586
2020-05-01 $339,000 (-2.4%) $501,727 (-3.6%) 1.03 639
2020-06-01 $355,725 (6.2%) $531,435 (4.1%) 1.05 629
2020-07-01 $356,850 (7.7%) $529,699 (2.0%) 1.03 593
2020-08-01 $358,875 (9.7%) $540,235 (6.3%) 1.03 514
2020-09-01 $342,725 (8.1%) $538,044 (8.6%) 0.98 468
2020-10-01 $357,325 (15.1%) $594,778 (22.6%) 1.02 408
2020-11-01 $349,950 (11.1%) $616,599 (27.9%) 1.02 377
2020-12-01 $349,950 (16.7%) $623,907 (37.7%) 1.04 338
2021-01-01 $341,950 (15.9%) $646,698 (46.1%) 1.02 280
2021-02-01 $358,900 (21.7%) $734,365 (64.5%) 1.04 213
2021-03-01 $351,225 (7.4%) $792,731 (68.6%) 1.00 217
2021-04-01 $425,700 (25.8%) $820,705 (60.7%) 1.15 215
2021-05-01 $406,950 (20.0%) $772,468 (54.0%) 1.08 234
2021-06-01 $397,125 (11.6%) $762,335 (43.5%) 1.05 289
2021-07-01 $350,000 (-1.9%) $672,401 (26.9%) 0.92 332
2021-08-01 $348,500 (-2.9%) $642,395 (18.9%) 0.93 360
2021-09-01 $340,875 (-0.5%) $613,274 (14.0%) 0.91 364
2021-10-01 $332,450 (-7.0%) $618,682 (4.0%) 0.89 311
2021-11-01 $339,900 (-2.9%) $640,753 (3.9%) 0.91 288
2021-12-01 $338,900 (-3.2%) $663,708 (6.4%) 0.92 226
2022-01-01 $322,400 (-5.7%) $666,659 (3.1%) 0.87 198
2022-02-01 $348,725 (-2.8%) $713,560 (-2.8%) 0.91 188
2022-03-01 $384,500 (9.5%) $746,748 (-5.8%) 0.96 184
2022-04-01 $399,000 (-6.3%) $772,145 (-5.9%) 0.95 198
2022-05-01 $419,975 (3.2%) $775,776 (0.4%) 0.96 242
2022-06-01 $399,225 (0.5%) $732,590 (-3.9%) 0.89 302
2022-07-01 $395,000 (12.9%) $682,874 (1.6%) 0.89 367
2022-08-01 $374,975 (7.6%) $668,499 (4.1%) 0.87 393
2022-09-01 $362,719 (6.4%) $643,521 (4.9%) 0.85 403
2022-10-01 $380,000 (14.3%) $675,027 (9.1%) 0.89 401
2022-11-01 $357,475 (5.2%) $654,569 (2.2%) 0.86 384
2022-12-01 $339,977 (0.3%) $648,901 (-2.2%) 0.84 339
2023-01-01 $315,000 (-2.3%) $653,406 (-2.0%) 0.78 293
2023-02-01 $339,425 (-2.7%) $648,371 (-9.1%) 0.82 271
2023-03-01 $345,688 (-10.1%) $643,270 (-13.9%) 0.82 270
2023-04-01 $360,000 (-9.8%) $679,138 (-12.1%) 0.84 265
2023-05-01 $418,500 (-0.4%) $740,451 (-4.6%) 0.95 263
2023-06-01 $450,000 (12.7%) $777,510 (6.1%) 1.01 297
2023-07-01 $400,000 (1.3%) $721,960 (5.7%) 0.91 327
2023-08-01 $400,625 (6.8%) $706,425 (5.7%) 0.92 350
2023-09-01 $364,950 (0.6%) $645,192 (0.3%) 0.85 361
2023-10-01 $349,675 (-8.0%) $623,444 (-7.6%) 0.82 384
2023-11-01 $346,175 (-3.2%) $627,977 (-4.1%) 0.82 363
2023-12-01 $326,500 (-4.0%) $571,339 (-12.0%) 0.80 320
2024-01-01 $308,675 (-2.0%) $553,718 (-15.3%) 0.75 288
2024-02-01 $303,698 (-10.5%) $601,543 (-7.2%) 0.73 259
2024-03-01 $325,000 (-6.0%) $650,526 (1.1%) 0.76 266
2024-04-01 $343,750 (-4.5%) $675,059 (-0.6%) 0.80 288
2024-05-01 $377,450 (-9.8%) $723,444 (-2.3%) 0.85 337
NILES's median listing price for 2024-05-01 was $377,450, a difference of $-41,050 (-9.8%) versus the prior year and $33,700 versus the prior month.

NILES's median listing price comes in at 85% of the national average.

NILES's average listing price for 2024-05-01 was $723,444, a difference of $-17,007 (-2.3%) versus the prior year and $48,385 versus the prior month.

For the 2024-05-01 period, NILES had 337 MLS listings, a difference of 49 listings (17%) versus the prior month and 74 listings (28%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - NILES (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 105 days 1,950 sqft
2018-02-01 111 days 1,947 sqft
2018-03-01 93 days 1,988 sqft
2018-04-01 62 days 2,037 sqft
2018-05-01 53 days 2,075 sqft
2018-06-01 54 days 2,100 sqft
2018-07-01 64 days 2,121 sqft
2018-08-01 64 days 2,077 sqft
2018-09-01 68 days 2,062 sqft
2018-10-01 76 days 2,092 sqft
2018-11-01 85 days 2,052 sqft
2018-12-01 95 days 2,040 sqft
2019-01-01 108 days 2,040 sqft
2019-02-01 114 days 2,063 sqft
2019-03-01 90 days 2,106 sqft
2019-04-01 57 days 2,153 sqft
2019-05-01 55 days 2,175 sqft
2019-06-01 57 days 2,193 sqft
2019-07-01 59 days 2,185 sqft
2019-08-01 66 days 2,131 sqft
2019-09-01 69 days 2,091 sqft
2019-10-01 73 days 2,067 sqft
2019-11-01 89 days 2,098 sqft
2019-12-01 108 days 2,032 sqft
2020-01-01 115 days 2,000 sqft
2020-02-01 113 days 1,932 sqft
2020-03-01 72 days 1,962 sqft
2020-04-01 77 days 1,999 sqft
2020-05-01 84 days 2,039 sqft
2020-06-01 70 days 2,178 sqft
2020-07-01 53 days 2,218 sqft
2020-08-01 56 days 2,236 sqft
2020-09-01 57 days 2,162 sqft
2020-10-01 57 days 2,184 sqft
2020-11-01 62 days 2,101 sqft
2020-12-01 69 days 2,056 sqft
2021-01-01 81 days 2,012 sqft
2021-02-01 79 days 2,058 sqft
2021-03-01 54 days 2,105 sqft
2021-04-01 46 days 2,258 sqft
2021-05-01 45 days 2,201 sqft
2021-06-01 35 days 2,141 sqft
2021-07-01 42 days 2,004 sqft
2021-08-01 43 days 1,943 sqft
2021-09-01 46 days 1,887 sqft
2021-10-01 54 days 1,883 sqft
2021-11-01 57 days 1,894 sqft
2021-12-01 66 days 1,823 sqft
2022-01-01 72 days 1,808 sqft
2022-02-01 61 days 1,807 sqft
2022-03-01 47 days 1,881 sqft
2022-04-01 39 days 1,917 sqft
2022-05-01 34 days 1,953 sqft
2022-06-01 33 days 1,918 sqft
2022-07-01 42 days 1,942 sqft
2022-08-01 47 days 1,959 sqft
2022-09-01 45 days 1,975 sqft
2022-10-01 49 days 1,935 sqft
2022-11-01 60 days 1,943 sqft
2022-12-01 72 days 1,908 sqft
2023-01-01 83 days 1,848 sqft
2023-02-01 89 days 1,833 sqft
2023-03-01 74 days 1,833 sqft
2023-04-01 51 days 1,846 sqft
2023-05-01 38 days 1,951 sqft
2023-06-01 42 days 2,080 sqft
2023-07-01 44 days 2,038 sqft
2023-08-01 47 days 2,028 sqft
2023-09-01 48 days 2,014 sqft
2023-10-01 51 days 1,919 sqft
2023-11-01 53 days 1,841 sqft
2023-12-01 64 days 1,800 sqft
2024-01-01 77 days 1,748 sqft
2024-02-01 69 days 1,745 sqft
2024-03-01 50 days 1,800 sqft
2024-04-01 45 days 1,841 sqft
2024-05-01 38 days 1,930 sqft
NILES's median listing age (time on market) for 2024-05-01 was 38 days. This is -1% shorter than the same period one year ago.

NILES's median square footage for active listings during the 2024-05-01 period was 1,930 sqft. One year prior, the average listing was 1,951 sqft.

NILES, MI Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
49022 Niles-Benton Harbor, MI MSA $680 $690 $900 $1,160 $1,280
49023 Niles-Benton Harbor, MI MSA $720 $740 $960 $1,230 $1,370
49038 Niles-Benton Harbor, MI MSA $740 $750 $980 $1,260 $1,400
49043 Niles-Benton Harbor, MI MSA $720 $740 $960 $1,230 $1,370
49047 Niles-Benton Harbor, MI MSA $640 $670 $830 $1,110 $1,210
49084 Niles-Benton Harbor, MI MSA $680 $690 $900 $1,160 $1,280
49085 Niles-Benton Harbor, MI MSA $780 $800 $1,040 $1,340 $1,480
49098 Niles-Benton Harbor, MI MSA $700 $720 $930 $1,190 $1,330
49101 Niles-Benton Harbor, MI MSA $770 $790 $1,030 $1,320 $1,470
49102 Niles-Benton Harbor, MI MSA $840 $850 $1,090 $1,420 $1,620
49103 Niles-Benton Harbor, MI MSA $680 $690 $900 $1,160 $1,280
49104 Niles-Benton Harbor, MI MSA $720 $740 $960 $1,230 $1,370
49106 Niles-Benton Harbor, MI MSA $740 $750 $980 $1,260 $1,400
49107 Niles-Benton Harbor, MI MSA $650 $670 $870 $1,120 $1,240
49111 Niles-Benton Harbor, MI MSA $780 $800 $1,040 $1,330 $1,480
49113 Niles-Benton Harbor, MI MSA $780 $800 $1,040 $1,340 $1,480
49115 Niles-Benton Harbor, MI MSA $730 $750 $980 $1,250 $1,390
49116 Niles-Benton Harbor, MI MSA $720 $740 $960 $1,230 $1,370
49117 Niles-Benton Harbor, MI MSA $740 $760 $990 $1,270 $1,410
49119 Niles-Benton Harbor, MI MSA $720 $740 $950 $1,220 $1,360
49120 Niles-Benton Harbor, MI MSA $680 $700 $900 $1,170 $1,290
49125 Niles-Benton Harbor, MI MSA $690 $710 $920 $1,180 $1,310
49126 Niles-Benton Harbor, MI MSA $710 $720 $940 $1,210 $1,340
49127 Niles-Benton Harbor, MI MSA $830 $850 $1,110 $1,430 $1,580
49128 Niles-Benton Harbor, MI MSA $770 $790 $1,030 $1,320 $1,470
49129 Niles-Benton Harbor, MI MSA $750 $770 $1,000 $1,280 $1,420

2022 Average & Median Rent Data Statistics
NILES, MI average 1BR rent: $747, median: $740
NILES, MI average 2BR rent: $969, median: $960
NILES, MI average 3BR rent: $1,247, median: $1,230

NILES, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,698 $446,910,000 $263,198
Home Improvement 647 $49,465,000 $76,453
Other 430 $45,240,000 $105,209
Cash Out Refi 423 $66,425,000 $157,033
Refi 231 $37,265,000 $161,320

Niles's most frequently cited loan purpose was Home Purchase, with 1,698 originations. The 2nd most popular reason was Home Improvement, with 647 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,018 $221,890,000 $217,967
Over 8% 976 $100,490,000 $102,961
7-8% 909 $178,285,000 $196,133
5-6% 349 $92,865,000 $266,089
4-5% 54 $19,770,000 $366,111
<2.5% 35 $2,005,000 $57,286
3-4% 3 $545,000 $181,667
2.5-3% 2 $120,000 $60,000

During 2023, Niles's most frequently originated rate bucket was 6-7%, with 1,018 originations.

Loan Sizing (NILES, MI MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 1,339 $67,775,000 $50,616
$100k-200k 1,013 $148,065,000 $146,165
$200k-400k 785 $215,715,000 $274,796
$400k-600k 174 $83,420,000 $479,425
$600k-1000k 87 $63,145,000 $725,805
$Over $1MM 31 $67,185,000 $2,167,258

NILES's loan sizing saw the bucket of loans from $100,000 or less with 1,339 originations, totaling $67,775,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,072 $260,650,000 $243,144
Under 20% 676 $31,410,000 $46,464
60-80% 662 $177,640,000 $268,338
20-40% 551 $58,565,000 $106,289
40-60% 319 $63,235,000 $198,229
Over 100% 23 $20,605,000 $895,870

NILES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,072 originations, totaling $260,650,000 in origination value.