Sturgis Mortgage Rates

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

30 Year Fixed Rate mortgages in Sturgis averaged 5.86% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

The average rate for the prior week (2022-06-16) was 6.13% and one month ago for the week of 2022-05-19, the average rate was 5.5%.

Sturgis's average rate one year ago was 3.02%.

For refis of the same type during the week of 2022-06-23, the average rate was 5.77%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Sturgis 30 Year Fixed Rate 2022-06-23 5.86%
Sturgis 30 Year Fixed Rate Refi 2022-06-23 5.77%
Sturgis 15 Year Fixed Rate 2022-06-23 5.52%
Sturgis 15 Year Fixed Rate Refi 2022-06-23 5.01%
Sturgis 30 Year FHA 2022-06-23 0.43%
Sturgis 30 Year FHA Refi 2022-06-23 -0.15%
Sturgis 30 Year USDA 2022-06-23 0.19%
Sturgis 30 Year USDA Refi 2022-06-23 0.14%
Sturgis 30 Year VA 2022-06-23 0.47%
Sturgis 30 Year VA Refi 2022-06-23 0.24%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Sturgis, MI.

Sturgis 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 Sturgis, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
OAK MORTGAGE, LLC 157 2.96% $3,219
OMNI Community Credit Union 77 3.30% $3,149
RUOFF MORTGAGE COMPANY, INC. 71 3.26% $2,016
QUICKEN LOANS, LLC 61 3.16% $4,183
AMERIFIRST FINANCIAL CORPORATION 38 3.51% $3,358
Fifth Third Bank 33 3.22% $3,411
Flagstar Bank, FSB 24 3.12% $2,794
LAKE MICHIGAN CREDIT UNION 21 3.05% $3,182
CONSUMERS 21 3.33% $2,743
Southern Michigan Bank & Trust 21 3.53% $2,484
ARBOR FINANCIAL CREDIT UNION 19 3.19% $2,920
Kellogg Community Credit Union 16 3.35% $2,312
Farmers State Bank 16 3.35% $2,679
UNITED WHOLESALE MORTGAGE, LLC 15 3.12% $3,642
INTERRA CREDIT UNION 14 3.29% $3,064
The Huntington National Bank 13 3.37% $3,196
GUARANTEED RATE, INC. 11 3.21% $3,634
Horizon Bank 11 3.33% $2,920
AMERISAVE MORTGAGE CORPORATION 11 2.86% $5,027
First State Bank of Middlebury 11 2.97% $4,188
MORTGAGE CENTER L.C 9 3.31% $2,726
HANCOCK MORTGAGE PARTNERS, LLC 9 3.10% $3,838
Honor Credit Union 9 3.11% $2,169
KeyBank 8 3.08% $3,085
PRIMELENDING, A PLAINSCAPITAL COMPANY 7 3.36% $3,143
JPMorgan Chase Bank 7 3.04% $2,981
CALIBER HOME LOANS, INC. 7 3.34% $2,546
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 6 3.35% $3,020
Wells Fargo Bank 6 3.44% $2,031
KALSEE CREDIT UNION 6 3.23% $2,992
TEACHERS CREDIT UNION 5 3.30% $2,857
CROSSCOUNTRY MORTGAGE, LLC 5 3.43% $4,142
Circle Federal Credit Union 5 3.35% $2,576
SUCCESS MORTGAGE PARTNERS, INC. 5 3.60% $4,693
LOANDEPOT.COM, LLC 5 3.07% $3,659
HOMESIDE FINANCIAL, LLC 4 3.06% $3,234
Mr. Cooper ( Nationstar Mortgage ) 4 3.00% $5,747
Lake City Bank 4 3.38% $2,666
GVC MORTGAGE, INC. 4 3.41% $3,337
GreenStone Farm Credit Services, FLCA 4 3.61% $4,050
InterContinental Capital Group, Inc 3 3.08% $3,439
SUMMIT HOME MORTGAGE, LLC 3 3.25% $2,566
HOME POINT FINANCIAL CORPORATION 3 3.17% $5,491
FREEDOM MORTGAGE CORPORATION 3 3.21% $2,617
Mercantile Bank of Michigan 3 3.21% $2,487
1st Source Bank 3 3.54% $4,734
First Federal Savings Bank 3 3.21% $4,864
MUTUAL OF OMAHA MORTGAGE, INC. 3 3.08% $3,142
Wyndham Capital Mortgage, Inc. 2 3.44% $1,703
Bank of America 2 2.94% $2,272
BETTER MORTGAGE CORPORATION 2 3.06% $1,895
BLUELEAF LENDING, LLC 2 2.69% $2,445
Chiphone Federal Credit Union 2 2.93% $2,750
Citizens Bank 2 3.69% $2,396
First Merchants Bank 2 2.88% $2,907
Independent Bank 2 3.19% $3,029
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 2 3.69% $3,114
MORTGAGE 1 INCORPORATED 2 3.56% $3,212
Old National Bank 2 3.13% $2,858
Pacor Mortgage Corp 2 2.69% $4,306
PENNYMAC LOAN SERVICES, LLC 2 3.50% $4,383
PNC Bank 2 3.44% $2,610
ROYAL UNITED MORTGAGE LLC 2 4.19% $5,879
Three Rivers Federal Credit Union 2 3.25% $3,222
UNION HOME MORTGAGE CORP. 2 3.06% $3,805
UNITED 2 3.13% $3,135
United Bank of Michigan 2 3.00% $1,831
Marquette Bank 1 3.25% $2,795
MEMBER FIRST MORTGAGE, LLC 1 3.13% $3,014
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.75% $3,027
Triumph Bank 1 2.88% $1,948
MID AMERICA MORTGAGE, INC. 1 3.75% $1,940
UBS Bank USA 1 2.88% $3,774
DRAPER AND KRAMER MORTGAGE CORP. 1 3.38% $3,239
DOW CHEMICAL EMPLOYEES' 1 3.13% $1,861
DFCU FINANCIAL 1 3.25% $3,009
NETWORK CAPITAL FUNDING CORPORATION 1 2.88% $1,086
NEWREZ LLC 1 3.50% $4,051
NORTHERN MORTGAGE SERVICES, LLC 1 2.75% $3,767
Northpointe Bank 1 3.38% $7,044
NORWICH COMMERCIAL GROUP, INC. 1 3.25% $5,215
Chicago Financial Services, Inc. 1 2.50% $2,492
V.I.P. MORTGAGE, INC. 1 2.88% $3,461
Centier Bank 1 3.13% $1,426
Allied First Bank,sb 1 2.75% $2,551
ALLIANT CREDIT UNION 1 2.88% $2,752
PENTAGON FEDERAL CREDIT UNION 1 3.00% $1,455
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.25% $3,872
PREMIA MORTGAGE, LLC 1 3.13% $0
Carrington Mortgage Services, LLC 1 2.75% $4,019
BROKER SOLUTIONS, INC. 1 3.24% $4,679
U.S. Bank 1 2.99% $2,705
BMO Harris Bank 1 3.13% $3,415
Sierra Pacific Mortgage Company, Inc. 1 3.25% $3,130
Baxter Credit Union 1 3.13% $2,996
STAUNTON FINANCIAL, INC. 1 2.75% $4,176
Barrington Bank & Trust Company, N.A. 1 2.88% $3,076
Associated Bank 1 3.63% $3,485
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.25% $2,778
The Dart Bank 1 2.88% $2,479
AmeriHome Mortgage Company, LLC 1 3.13% $3,732
The State Bank 1 3.00% $3,327
VAN DYK MORTGAGE CORPORATION 1 3.88% $2,767
TOP FLITE FINANCIAL, INC. 1 3.13% $8,578
INOVA FEDERAL CREDIT UNION 1 3.00% $1,181
GUARANTEED RATE AFFINITY, LLC 1 3.38% $2,854
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 3.50% $1,488
First Home Bank 1 3.25% $3,578
KELLER MORTGAGE, LLC 1 3.00% $2,658
First Federal Savings Bank 1 3.00% $4,569
FIRST CENTENNIAL MORTGAGE CORPORATION 1 2.88% $2,738
FirstBank 1 2.88% $2,635
FINANCE OF AMERICA MORTGAGE LLC 1 3.75% $3,039
LAKEVIEW LOAN SERVICING, LLC 1 3.38% $2,516
Farm Credit Mid-America, ACA 1 3.95% $5,241

Sturgis, MI's 115 lenders originated 2,136 loans during 2021. The total origination value was $348,210,000, with an average loan value of $163,020.

The top Sturgis lender as defined by loan originations is OAK MORTGAGE, LLC, with 157 loans originated. Their average total fees are $3,219, which is $70 higher than the next largest lender, OMNI Community Credit Union.

The lowest fee Sturgis lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($2,016), Kellogg Community Credit Union ($2,312), Southern Michigan Bank & Trust ($2,484), Farmers State Bank ($2,679) and CONSUMERS ($2,743).

The lowest rate Sturgis lenders (with over 10 loans originated) are AMERISAVE MORTGAGE CORPORATION (2.86%), OAK MORTGAGE, LLC (2.96%), First State Bank of Middlebury (2.97%), LAKE MICHIGAN CREDIT UNION (3.05%) and Flagstar Bank, FSB (3.12%).

Sturgis, 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
OAK MORTGAGE, LLC $70,435,000 $55,680,000 -20.9% 16.0%
QUICKEN LOANS, LLC $18,785,000 $26,955,000 43.5% 7.7%
RUOFF MORTGAGE COMPANY, INC. $25,605,000 $25,075,000 -2.1% 7.2%
OMNI Community Credit Union $13,810,000 $16,415,000 18.9% 4.7%
AMERIFIRST FINANCIAL CORPORATION $19,105,000 $15,110,000 -20.9% 4.3%
ARBOR FINANCIAL CREDIT UNION $9,110,000 $13,160,000 44.5% 3.8%
Fifth Third Bank $8,630,000 $9,540,000 10.5% 2.7%
Southern Michigan Bank & Trust $7,630,000 $9,310,000 22.0% 2.7%
Flagstar Bank, FSB $7,215,000 $8,980,000 24.5% 2.6%
LAKE MICHIGAN CREDIT UNION $5,580,000 $7,510,000 34.6% 2.2%
The Huntington National Bank $10,690,000 $7,295,000 -31.8% 2.1%
UNITED WHOLESALE MORTGAGE, LLC $2,750,000 $6,905,000 151.1% 2.0%
CONSUMERS $3,920,000 $6,260,000 59.7% 1.8%
FREEDOM MORTGAGE CORPORATION $4,540,000 $5,015,000 10.5% 1.4%
Kellogg Community Credit Union $4,145,000 $4,930,000 18.9% 1.4%
Farmers State Bank $2,690,000 $4,525,000 68.2% 1.3%
First State Bank of Middlebury $2,755,000 $4,325,000 57.0% 1.2%
Horizon Bank $6,760,000 $4,015,000 -40.6% 1.2%
INTERRA CREDIT UNION $4,370,000 $3,965,000 -9.3% 1.1%
AMERISAVE MORTGAGE CORPORATION $1,370,000 $3,860,000 181.8% 1.1%
KeyBank $1,395,000 $3,750,000 168.8% 1.1%
Old National Bank $1,945,000 $3,425,000 76.1% 1.0%
Mr. Cooper ( Nationstar Mortgage ) $1,645,000 $3,070,000 86.6% 0.9%
Mortgage Research Center, LLC $3,020,000 $2,905,000 -3.8% 0.8%
GUARANTEED RATE, INC. $2,015,000 $2,895,000 43.7% 0.8%
CROSSCOUNTRY MORTGAGE, LLC $320,000 $2,825,000 782.8% 0.8%
SUCCESS MORTGAGE PARTNERS, INC. $1,360,000 $2,780,000 104.4% 0.8%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,855,000 $2,595,000 39.9% 0.7%
Wells Fargo Bank $1,930,000 $2,575,000 33.4% 0.7%
JPMorgan Chase Bank $3,415,000 $2,430,000 -28.8% 0.7%
LOANDEPOT.COM, LLC $1,740,000 $2,350,000 35.1% 0.7%
Sturgis Bank & Trust Company $1,620,000 $2,135,000 31.8% 0.6%
MORTGAGE CENTER L.C $1,015,000 $2,120,000 108.9% 0.6%
CALIBER HOME LOANS, INC. $1,620,000 $2,020,000 24.7% 0.6%
West Michigan Community Bank $1,905,000 n/a 0.5%
GreenStone Farm Credit Services, FLCA $1,670,000 $1,750,000 4.8% 0.5%
HANCOCK MORTGAGE PARTNERS, LLC $1,365,000 $1,660,000 21.6% 0.5%
Honor Credit Union $1,850,000 $1,625,000 -12.2% 0.5%
PENNYMAC LOAN SERVICES, LLC $920,000 $1,610,000 75.0% 0.5%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,195,000 $1,585,000 -27.8% 0.5%
1st Source Bank $2,225,000 $1,515,000 -31.9% 0.4%
First Federal Savings Bank $2,795,000 $1,460,000 -47.8% 0.4%
Circle Federal Credit Union $1,040,000 $1,440,000 38.5% 0.4%
HOMESIDE FINANCIAL, LLC $835,000 $1,350,000 61.7% 0.4%
KALSEE CREDIT UNION $850,000 $1,315,000 54.7% 0.4%
UNION HOME MORTGAGE CORP. $700,000 $1,300,000 85.7% 0.4%
GVC MORTGAGE, INC. $1,295,000 n/a 0.4%
MEMBER FIRST MORTGAGE, LLC $605,000 $1,240,000 105.0% 0.4%
PNC Bank $1,770,000 $1,225,000 -30.8% 0.4%
LAKEVIEW LOAN SERVICING, LLC $450,000 $1,215,000 170.0% 0.3%
TEACHERS CREDIT UNION $755,000 $1,135,000 50.3% 0.3%
Mercantile Bank of Michigan $375,000 $1,125,000 200.0% 0.3%
BETTER MORTGAGE CORPORATION $365,000 $1,120,000 206.8% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $705,000 $1,110,000 57.4% 0.3%
Lake City Bank $1,320,000 $1,065,000 -19.3% 0.3%
MID AMERICA MORTGAGE, INC. $1,045,000 n/a 0.3%
HOME POINT FINANCIAL CORPORATION $850,000 $1,020,000 20.0% 0.3%
NAVY FEDERAL CREDIT UNION $570,000 $1,005,000 76.3% 0.3%
Carrington Mortgage Services, LLC $590,000 $935,000 58.5% 0.3%
V.I.P. MORTGAGE, INC. $155,000 $925,000 496.8% 0.3%
Independent Bank $925,000 $910,000 -1.6% 0.3%
U.S. Bank $420,000 $880,000 109.5% 0.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $660,000 $870,000 31.8% 0.2%
Citizens Bank $1,720,000 $835,000 -51.5% 0.2%
InterContinental Capital Group, Inc $820,000 n/a 0.2%
Pacor Mortgage Corp $510,000 $790,000 54.9% 0.2%
USAA Federal Savings Bank $1,615,000 $765,000 -52.6% 0.2%
NEWREZ LLC $260,000 $735,000 182.7% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $665,000 $725,000 9.0% 0.2%
INOVA FEDERAL CREDIT UNION $1,020,000 $690,000 -32.4% 0.2%
Barrington Bank & Trust Company, N.A. $910,000 $680,000 -25.3% 0.2%
ADVIA $400,000 $665,000 66.3% 0.2%
Notre Dame Federal Credit Union Corporation $525,000 $650,000 23.8% 0.2%
BMO Harris Bank $315,000 $625,000 98.4% 0.2%
Bank of America $660,000 $615,000 -6.8% 0.2%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $70,000 $605,000 764.3% 0.2%
VAN DYK MORTGAGE CORPORATION $320,000 $595,000 85.9% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $585,000 $575,000 -1.7% 0.2%
UNITED $1,375,000 $570,000 -58.5% 0.2%
UBS Bank USA $555,000 n/a 0.2%
FirstBank $545,000 n/a 0.2%
First Federal Savings Bank $2,795,000 $545,000 -80.5% 0.2%
The State Bank $1,145,000 $545,000 -52.4% 0.2%
FINANCE OF AMERICA MORTGAGE LLC $1,265,000 $530,000 -58.1% 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $65,000 $525,000 707.7% 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $450,000 $525,000 16.7% 0.2%
Associated Bank $500,000 n/a 0.1%
Wyndham Capital Mortgage, Inc. $215,000 $500,000 132.6% 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $250,000 $490,000 96.0% 0.1%
KELLER MORTGAGE, LLC $215,000 $475,000 120.9% 0.1%
DFCU FINANCIAL $435,000 n/a 0.1%
MLD MORTGAGE INC. $105,000 $425,000 304.8% 0.1%
First Merchants Bank $580,000 $420,000 -27.6% 0.1%
United Bank of Michigan $230,000 $400,000 73.9% 0.1%
CELEBRITY HOME LOANS, LLC $380,000 n/a 0.1%
Three Rivers Federal Credit Union $55,000 $380,000 590.9% 0.1%
The Campbell & Fetter Bank $375,000 n/a 0.1%
LONGBRIDGE FINANCIAL, LLC $365,000 n/a 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $1,095,000 $360,000 -67.1% 0.1%
ROYAL UNITED MORTGAGE LLC $1,005,000 $360,000 -64.2% 0.1%
The Federal Savings Bank $410,000 $360,000 -12.2% 0.1%
Baxter Credit Union $145,000 $355,000 144.8% 0.1%
Paramount Residential Mortgage Group, Inc. $400,000 $335,000 -16.3% 0.1%
Centier Bank $330,000 n/a 0.1%
HALLMARK HOME MORTGAGE, LLC $665,000 $330,000 -50.4% 0.1%
SUMMIT HOME MORTGAGE, LLC $145,000 $325,000 124.1% 0.1%
BLUELEAF LENDING, LLC $290,000 $320,000 10.3% 0.1%
Chiphone Federal Credit Union $55,000 $320,000 481.8% 0.1%
MARSHALL COMMUNITY CREDIT UNION $1,355,000 $320,000 -76.4% 0.1%
MORTGAGE 1 INCORPORATED $115,000 $320,000 178.3% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $315,000 n/a 0.1%
ACADEMY MORTGAGE CORPORATION $450,000 $310,000 -31.1% 0.1%
Chicago Financial Services, Inc. $415,000 $295,000 -28.9% 0.1%
FIRST CENTENNIAL MORTGAGE CORPORATION $295,000 $295,000 0.0% 0.1%
STAUNTON FINANCIAL, INC. $295,000 n/a 0.1%
CenterBank $285,000 n/a 0.1%
Magnolia Bank $95,000 $275,000 189.5% 0.1%
TOP FLITE FINANCIAL, INC. $275,000 n/a 0.1%
United Bay Community Credit Union $190,000 $275,000 44.7% 0.1%
NORWICH COMMERCIAL GROUP, INC. $265,000 n/a 0.1%
STAR Financial Bank $255,000 n/a 0.1%
GUARANTEED RATE AFFINITY, LLC $245,000 n/a 0.1%
Sierra Pacific Mortgage Company, Inc. $245,000 n/a 0.1%
Citibank $135,000 $235,000 74.1% 0.1%
Platinum Home Mortgage Corporation $235,000 n/a 0.1%
Marquette Bank $155,000 $225,000 45.2% 0.1%
ChoiceOne Bank $215,000 n/a 0.1%
Directions Credit Union, Inc. $215,000 n/a 0.1%
PREMIA MORTGAGE, LLC $215,000 n/a 0.1%
Allied First Bank,sb $205,000 n/a 0.1%
Chicago Mortgage Solutions LLC $105,000 $205,000 95.2% 0.1%
NORTHERN MORTGAGE SERVICES, LLC $480,000 $205,000 -57.3% 0.1%
CHURCHILL MORTGAGE CORPORATION $280,000 $200,000 -28.6% 0.1%
AmeriHome Mortgage Company, LLC $195,000 n/a 0.1%
Home State Bank $195,000 n/a 0.1%
NETWORK CAPITAL FUNDING CORPORATION $195,000 n/a 0.1%
SOUTHWEST FUNDING, LP $185,000 $195,000 5.4% 0.1%
Triumph Bank $135,000 $195,000 44.4% 0.1%
Northpointe Bank $1,070,000 $190,000 -82.2% 0.1%
American Community Bank of Indiana $185,000 n/a 0.1%
Farm Credit Mid-America, ACA $185,000 n/a 0.1%
Servion, Inc. $185,000 n/a 0.1%
First Option Mortgage, LLC $165,000 n/a 0.0%
The Dart Bank $230,000 $165,000 -28.3% 0.0%
Thumb Bank and Trust $165,000 n/a 0.0%
UNITED SECURITY FINANCIAL CORP $165,000 n/a 0.0%
First Home Bank $175,000 $155,000 -11.4% 0.0%
OCMBC, INC. $155,000 n/a 0.0%
The Citizens National Bank of Bluffton $155,000 n/a 0.0%
The Farmers & Merchants State Bank $175,000 $155,000 -11.4% 0.0%
Bank of England $210,000 $135,000 -35.7% 0.0%
DOW CHEMICAL EMPLOYEES' $135,000 n/a 0.0%
Level One Bank $135,000 n/a 0.0%
BEACON CREDIT UNION $105,000 $125,000 19.0% 0.0%
CMG MORTGAGE, INC. $125,000 n/a 0.0%
COMPASS MORTGAGE, INC. $890,000 $125,000 -86.0% 0.0%
NEW DAY FINANCIAL, LLC $210,000 $125,000 -40.5% 0.0%
The State Bank and Trust Company $125,000 n/a 0.0%
Commerce Home Mortgage, Inc. $115,000 n/a 0.0%
ALLIANT CREDIT UNION $105,000 n/a 0.0%
Deere Employees Credit Union $105,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $105,000 $95,000 -9.5% 0.0%
Homestead Savings Bank $85,000 n/a 0.0%
BROKER SOLUTIONS, INC. $880,000 $75,000 -91.5% 0.0%
Isabella Bank $550,000 $75,000 -86.4% 0.0%
TOWNE MORTGAGE COMPANY $390,000 $75,000 -80.8% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $105,000 $65,000 -38.1% 0.0%
STOCKTON MORTGAGE CORPORATION $65,000 n/a 0.0%
Figure Lending LLC $55,000 n/a 0.0%
SPRING EQ, LLC $55,000 n/a 0.0%
EVANSVILLE TEACHERS $305,000 $45,000 -85.2% 0.0%
21ST MORTGAGE CORPORATION $175,000 $40,000 -77.1% 0.0%
ELGA CREDIT UNION $35,000 n/a 0.0%
GreenStone Farm Credit Services, ACA $35,000 n/a 0.0%
COMMUNITY CHOICE CREDIT UNION $25,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $25,000 $15,000 -40.0% 0.0%

Sturgis's top lender by overall market share is OAK MORTGAGE, LLC, with 16.0% market share. In second place, with 7.7%, is QUICKEN LOANS, LLC, having originated $26,955,000 in loans. In third place, with 7.2%, is RUOFF MORTGAGE COMPANY, INC., having originated $25,075,000 in loans. In third place, with 4.7%, is OMNI Community Credit Union, having originated $16,415,000 in loans. In third place, with 4.3%, is AMERIFIRST FINANCIAL CORPORATION, having originated $15,110,000 in loans.


Sturgis, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 807 $154,995,000 $192,063
Refi 736 $108,610,000 $147,568
Cash Out Refi 441 $70,615,000 $160,125
Home Improvement 88 $7,060,000 $80,227
Other 64 $6,930,000 $108,281

Sturgis's most frequently cited loan purpose was Home Purchase, with 807 originations. The 2nd most popular reason was Refi, with 736 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 866 $138,550,000 $159,988
2.5-3% 765 $133,205,000 $174,124
<2.5% 354 $59,290,000 $167,486
4-5% 86 $9,490,000 $110,349
5-6% 16 $1,350,000 $84,375
6-7% 10 $510,000 $51,000
Over 8% 7 $305,000 $43,571
7-8% 3 $55,000 $18,333

During 2021, Sturgis's most frequently originated rate bucket was 3-4%, with 866 originations.

Loan Sizing (Sturgis, MI MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 985 $141,895,000 $144,056
$100,000 or less 609 $39,795,000 $65,345
$200k-400k 464 $122,960,000 $265,000
$400k-600k 62 $29,300,000 $472,581
$600k-1000k 12 $8,400,000 $700,000
$Over $1MM 4 $5,860,000 $1,465,000

Sturgis's loan sizing saw the bucket of loans from $100k-200k with 985 originations, totaling $141,895,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 745 $138,395,000 $185,765
60-80% 728 $129,870,000 $178,393
40-60% 337 $47,215,000 $140,104
20-40% 157 $14,515,000 $92,452
Under 20% 75 $2,545,000 $33,933
Over 100% 7 $1,485,000 $212,143

Sturgis's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 745 originations, totaling $138,395,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Sturgis (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 $165,900 (14.8%) $221,551 (9.8%) 0.00 162
2018-02-01 $171,250 (14.9%) $228,762 (14.4%) 0.00 154
2018-03-01 $169,900 (3.0%) $232,554 (4.5%) 0.00 150
2018-04-01 $188,000 (12.6%) $240,446 (9.2%) 0.00 155
2018-05-01 $202,450 (22.9%) $243,433 (12.5%) 0.00 158
2018-06-01 $203,000 (21.6%) $247,819 (13.7%) 0.00 165
2018-07-01 $185,250 (9.7%) $248,270 (13.7%) 0.00 193
2018-08-01 $178,950 (11.9%) $244,865 (13.9%) 0.00 205
2018-09-01 $169,900 (3.0%) $240,806 (10.3%) 0.00 202
2018-10-01 $180,400 (9.4%) $248,783 (12.2%) 0.00 189
2018-11-01 $182,500 (10.7%) $243,394 (8.4%) 0.00 184
2018-12-01 $164,900 (-5.7%) $232,510 (0.8%) 0.00 179
2019-01-01 $171,950 (3.7%) $240,245 (8.4%) 0.00 157
2019-02-01 $179,900 (5.1%) $254,426 (11.2%) 0.00 142
2019-03-01 $191,714 (12.8%) $278,949 (20.0%) 0.00 143
2019-04-01 $196,950 (4.8%) $279,912 (16.4%) 0.00 156
2019-05-01 $212,400 (4.9%) $292,180 (20.0%) 0.00 160
2019-06-01 $212,500 (4.7%) $284,500 (14.8%) 0.00 168
2019-07-01 $196,500 (6.1%) $264,721 (6.6%) 0.00 191
2019-08-01 $192,757 (7.7%) $267,245 (9.1%) 0.00 203
2019-09-01 $189,900 (11.8%) $270,750 (12.4%) 0.00 219
2019-10-01 $182,000 (0.9%) $260,460 (4.7%) 0.00 230
2019-11-01 $179,900 (-1.4%) $247,184 (1.6%) 0.00 212
2019-12-01 $169,500 (2.8%) $239,097 (2.8%) 0.00 199
2020-01-01 $184,000 (7.0%) $244,283 (1.7%) 0.00 189
2020-02-01 $184,000 (2.3%) $250,491 (-1.6%) 0.00 190
2020-03-01 $182,400 (-4.9%) $263,276 (-5.6%) 0.00 174
2020-04-01 $189,900 (-3.6%) $274,038 (-2.1%) 0.00 162
2020-05-01 $199,500 (-6.1%) $289,594 (-0.9%) 0.00 152
2020-06-01 $225,000 (5.9%) $307,818 (8.2%) 0.00 135
2020-07-01 $209,731 (6.7%) $314,025 (18.6%) 0.00 125
2020-08-01 $219,900 (14.1%) $316,029 (18.3%) 0.00 99
2020-09-01 $187,450 (-1.3%) $297,725 (10.0%) 0.00 81
2020-10-01 $169,900 (-6.7%) $287,507 (10.4%) 0.00 91
2020-11-01 $177,450 (-1.4%) $303,641 (22.8%) 0.00 85
2020-12-01 $161,200 (-4.9%) $297,836 (24.6%) 0.00 84
2021-01-01 $154,900 (-15.8%) $305,248 (25.0%) 0.00 64
2021-02-01 $169,900 (-7.7%) $312,649 (24.8%) 0.00 46
2021-03-01 $167,200 (-8.3%) $372,940 (41.7%) 0.00 43
2021-04-01 $184,900 (-2.6%) $386,750 (41.1%) 0.00 36
2021-05-01 $225,000 (12.8%) $370,643 (28.0%) 0.00 39
2021-06-01 $232,450 (3.3%) $348,955 (13.4%) 0.00 59
2021-07-01 $234,450 (11.8%) $337,650 (7.5%) 0.00 61
2021-08-01 $233,500 (6.2%) $321,505 (1.7%) 0.00 72
2021-09-01 $224,900 (20.0%) $339,258 (14.0%) 0.00 86
2021-10-01 $234,900 (38.3%) $379,215 (31.9%) 0.00 78
2021-11-01 $192,000 (8.2%) $294,252 (-3.1%) 0.00 72
2021-12-01 $179,900 (11.6%) $287,628 (-3.4%) 0.00 65
2022-01-01 $175,900 (13.6%) $280,536 (-8.1%) 0.00 62
2022-02-01 $179,900 (5.9%) $273,190 (-12.6%) 0.00 67
2022-03-01 $174,900 (4.6%) $305,691 (-18.0%) 0.00 59
2022-04-01 $249,900 (35.2%) $350,560 (-9.4%) 0.00 54
2022-05-01 $277,450 (23.3%) $354,611 (-4.3%) 0.00 68
Sturgis's median listing price for 2022-05-01 was $277,450, a difference of $52,450 (23.3%) versus the prior year and $27,550 versus the prior month.

Sturgis's median listing price comes in at 0% of the national average.

Sturgis's average listing price for 2022-05-01 was $354,611, a difference of $-16,032 (-4.3%) versus the prior year and $4,051 versus the prior month.

For the 2022-05-01 period, Sturgis had 68 MLS listings, a difference of 14 listings (26%) versus the prior month and 29 listings (74%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sturgis (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,757 sqft
2018-02-01 0 days 1,734 sqft
2018-03-01 0 days 1,750 sqft
2018-04-01 0 days 1,784 sqft
2018-05-01 0 days 1,813 sqft
2018-06-01 0 days 1,775 sqft
2018-07-01 0 days 1,808 sqft
2018-08-01 0 days 1,740 sqft
2018-09-01 0 days 1,920 sqft
2018-10-01 0 days 1,883 sqft
2018-11-01 0 days 1,948 sqft
2018-12-01 0 days 1,865 sqft
2019-01-01 0 days 1,950 sqft
2019-02-01 0 days 1,956 sqft
2019-03-01 0 days 1,918 sqft
2019-04-01 0 days 1,884 sqft
2019-05-01 0 days 1,884 sqft
2019-06-01 0 days 1,848 sqft
2019-07-01 0 days 1,789 sqft
2019-08-01 0 days 1,856 sqft
2019-09-01 0 days 1,846 sqft
2019-10-01 0 days 1,800 sqft
2019-11-01 0 days 1,800 sqft
2019-12-01 0 days 1,712 sqft
2020-01-01 0 days 1,809 sqft
2020-02-01 0 days 1,766 sqft
2020-03-01 0 days 1,783 sqft
2020-04-01 0 days 1,769 sqft
2020-05-01 0 days 1,742 sqft
2020-06-01 0 days 1,874 sqft
2020-07-01 0 days 1,820 sqft
2020-08-01 0 days 1,900 sqft
2020-09-01 0 days 1,711 sqft
2020-10-01 0 days 1,700 sqft
2020-11-01 0 days 1,700 sqft
2020-12-01 0 days 1,612 sqft
2021-01-01 0 days 1,600 sqft
2021-02-01 0 days 1,666 sqft
2021-03-01 0 days 1,640 sqft
2021-04-01 0 days 1,630 sqft
2021-05-01 0 days 1,768 sqft
2021-06-01 0 days 1,825 sqft
2021-07-01 0 days 1,850 sqft
2021-08-01 0 days 1,874 sqft
2021-09-01 0 days 1,780 sqft
2021-10-01 0 days 1,797 sqft
2021-11-01 0 days 1,667 sqft
2021-12-01 0 days 1,661 sqft
2022-01-01 0 days 1,652 sqft
2022-02-01 0 days 1,666 sqft
2022-03-01 0 days 1,624 sqft
2022-04-01 0 days 1,786 sqft
2022-05-01 0 days 1,822 sqft
Sturgis's median listing age (time on market) for 2022-05-01 was 0 days.

Sturgis's median square footage for active listings during the 2022-05-01 period was 1,822 sqft. One year prior, the average listing was 1,768 sqft.