Sturgis Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Sturgis averaged 6.85% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 7.08% and one month ago for the week of 2023-02-09, the average rate was 6.27%.

    Sturgis's average rate one year ago was 4.2%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.86%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Sturgis 30 Year Fixed Rate 2023-03-16 6.85%
    Sturgis 30 Year Fixed Rate Refi 2023-03-16 6.86%
    Sturgis 15 Year Fixed Rate 2023-03-16 6.4%
    Sturgis 15 Year Fixed Rate Refi 2023-03-16 6.09%
    Sturgis 30 Year FHA 2023-03-16 6.68%
    Sturgis 30 Year FHA Refi 2023-03-16 6.3%
    Sturgis 30 Year USDA 2023-03-16 6.49%
    Sturgis 30 Year USDA Refi 2023-03-16 6.64%
    Sturgis 30 Year VA 2023-03-16 6.5%
    Sturgis 30 Year VA Refi 2023-03-16 6.38%
    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 lender, 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. Closing Costs
    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 Average Closing Costs & Other Stats

    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.

    Sturgis's average closing costs are $3,620.

    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 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 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 fourth place, with 4.7%, is OMNI Community Credit Union, having originated $16,415,000 in loans. In fifth place, with 4.3%, is AMERIFIRST FINANCIAL CORPORATION, having originated $15,110,000 in loans.

    Sturgis Housing Market Trends (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 $161,200 (15.2%) $205,540 (6.3%) 0.00 157
    2018-02-01 $166,675 (19.1%) $212,100 (11.3%) 0.00 149
    2018-03-01 $169,900 (7.2%) $216,607 (0.4%) 0.00 144
    2018-04-01 $181,425 (9.3%) $230,524 (7.7%) 0.00 146
    2018-05-01 $202,450 (23.8%) $236,456 (12.1%) 0.00 156
    2018-06-01 $199,900 (21.0%) $238,874 (12.1%) 0.00 158
    2018-07-01 $184,975 (12.1%) $243,687 (14.1%) 0.00 184
    2018-08-01 $173,000 (8.2%) $238,035 (13.3%) 0.00 197
    2018-09-01 $167,950 (3.7%) $235,066 (10.8%) 0.00 194
    2018-10-01 $167,400 (3.4%) $238,953 (12.9%) 0.00 181
    2018-11-01 $173,675 (8.6%) $234,879 (9.8%) 0.00 179
    2018-12-01 $159,900 (-3.0%) $226,745 (5.6%) 0.00 174
    2019-01-01 $168,950 (4.8%) $233,003 (13.4%) 0.00 156
    2019-02-01 $178,650 (7.2%) $247,638 (16.8%) 0.00 140
    2019-03-01 $189,729 (11.7%) $271,752 (25.5%) 0.00 140
    2019-04-01 $192,904 (6.3%) $276,813 (20.1%) 0.00 149
    2019-05-01 $213,725 (5.6%) $292,083 (23.5%) 0.00 155
    2019-06-01 $212,500 (6.3%) $284,092 (18.9%) 0.00 163
    2019-07-01 $193,225 (4.5%) $267,110 (9.6%) 0.00 188
    2019-08-01 $188,873 (9.2%) $265,822 (11.7%) 0.00 200
    2019-09-01 $185,007 (10.2%) $262,666 (11.7%) 0.00 216
    2019-10-01 $180,950 (8.1%) $258,573 (8.2%) 0.00 227
    2019-11-01 $179,900 (3.6%) $242,109 (3.1%) 0.00 206
    2019-12-01 $163,825 (2.5%) $231,212 (2.0%) 0.00 198
    2020-01-01 $177,450 (5.0%) $236,874 (1.7%) 0.00 186
    2020-02-01 $181,950 (1.9%) $246,263 (-0.6%) 0.00 186
    2020-03-01 $183,425 (-3.3%) $259,045 (-4.7%) 0.00 167
    2020-04-01 $189,400 (-1.8%) $268,313 (-3.1%) 0.00 157
    2020-05-01 $197,250 (-7.7%) $286,762 (-1.8%) 0.00 148
    2020-06-01 $222,350 (4.6%) $305,475 (7.5%) 0.00 133
    2020-07-01 $212,273 (9.9%) $313,943 (17.5%) 0.00 125
    2020-08-01 $219,950 (16.5%) $316,475 (19.1%) 0.00 102
    2020-09-01 $193,444 (4.6%) $301,610 (14.8%) 0.00 81
    2020-10-01 $169,950 (-6.1%) $289,563 (12.0%) 0.00 88
    2020-11-01 $180,975 (0.6%) $306,961 (26.8%) 0.00 82
    2020-12-01 $156,800 (-4.3%) $302,197 (30.7%) 0.00 82
    2021-01-01 $149,950 (-15.5%) $309,138 (30.5%) 0.00 61
    2021-02-01 $169,150 (-7.0%) $314,921 (27.9%) 0.00 44
    2021-03-01 $162,150 (-11.6%) $372,944 (44.0%) 0.00 42
    2021-04-01 $197,400 (4.2%) $414,570 (54.5%) 0.00 34
    2021-05-01 $225,000 (14.1%) $419,214 (46.2%) 0.00 38
    2021-06-01 $232,500 (4.6%) $383,613 (25.6%) 0.00 58
    2021-07-01 $231,950 (9.3%) $354,345 (12.9%) 0.00 65
    2021-08-01 $225,000 (2.3%) $346,263 (9.4%) 0.00 74
    2021-09-01 $222,450 (15.0%) $347,732 (15.3%) 0.00 86
    2021-10-01 $225,000 (32.4%) $387,132 (33.7%) 0.00 77
    2021-11-01 $186,250 (2.9%) $320,273 (4.3%) 0.00 72
    2021-12-01 $181,950 (16.0%) $317,323 (5.0%) 0.00 64
    2022-01-01 $175,900 (17.3%) $322,176 (4.2%) 0.00 62
    2022-02-01 $174,950 (3.4%) $287,517 (-8.7%) 0.00 69
    2022-03-01 $175,158 (8.0%) $306,692 (-17.8%) 0.00 56
    2022-04-01 $239,900 (21.5%) $354,518 (-14.5%) 0.00 51
    2022-05-01 $256,200 (13.9%) $340,282 (-18.8%) 0.00 65
    2022-06-01 $267,200 (14.9%) $381,475 (-0.6%) 0.00 83
    2022-07-01 $247,500 (6.7%) $319,078 (-10.0%) 0.00 96
    2022-08-01 $212,500 (-5.6%) $292,516 (-15.5%) 0.00 103
    2022-09-01 $239,225 (7.5%) $302,600 (-13.0%) 0.00 98
    2022-10-01 $229,950 (2.2%) $297,162 (-23.2%) 0.00 92
    2022-11-01 $210,000 (12.8%) $268,350 (-16.2%) 0.00 95
    2022-12-01 $199,900 (9.9%) $258,989 (-18.4%) 0.00 94
    2023-01-01 $204,950 (16.5%) $253,436 (-21.3%) 0.00 84
    2023-02-01 $209,250 (19.6%) $275,615 (-4.1%) 0.00 65
    Sturgis's median listing price for 2023-02-01 was $209,250, a difference of $34,300 (19.6%) versus the prior year and $4,300 versus the prior month.

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

    Sturgis's average listing price for 2023-02-01 was $275,615, a difference of $-11,902 (-4.1%) versus the prior year and $22,179 versus the prior month.

    For the 2023-02-01 period, Sturgis had 65 MLS listings, a difference of -19 listings (-23%) versus the prior month and -4 listings (-6%) 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 1,754 sqft
    2018-02-01 0 days 1,734 sqft
    2018-03-01 0 days 1,741 sqft
    2018-04-01 0 days 1,783 sqft
    2018-05-01 0 days 1,804 sqft
    2018-06-01 0 days 1,775 sqft
    2018-07-01 0 days 1,789 sqft
    2018-08-01 0 days 1,733 sqft
    2018-09-01 0 days 1,877 sqft
    2018-10-01 0 days 1,880 sqft
    2018-11-01 0 days 1,935 sqft
    2018-12-01 0 days 1,850 sqft
    2019-01-01 0 days 1,946 sqft
    2019-02-01 0 days 1,935 sqft
    2019-03-01 0 days 1,894 sqft
    2019-04-01 0 days 1,836 sqft
    2019-05-01 0 days 1,879 sqft
    2019-06-01 0 days 1,840 sqft
    2019-07-01 0 days 1,767 sqft
    2019-08-01 0 days 1,826 sqft
    2019-09-01 0 days 1,811 sqft
    2019-10-01 0 days 1,800 sqft
    2019-11-01 0 days 1,799 sqft
    2019-12-01 0 days 1,698 sqft
    2020-01-01 0 days 1,766 sqft
    2020-02-01 0 days 1,741 sqft
    2020-03-01 0 days 1,783 sqft
    2020-04-01 0 days 1,772 sqft
    2020-05-01 0 days 1,801 sqft
    2020-06-01 0 days 1,893 sqft
    2020-07-01 0 days 1,849 sqft
    2020-08-01 0 days 1,931 sqft
    2020-09-01 0 days 1,756 sqft
    2020-10-01 0 days 1,720 sqft
    2020-11-01 0 days 1,708 sqft
    2020-12-01 0 days 1,624 sqft
    2021-01-01 0 days 1,654 sqft
    2021-02-01 0 days 1,669 sqft
    2021-03-01 0 days 1,628 sqft
    2021-04-01 0 days 1,664 sqft
    2021-05-01 0 days 1,844 sqft
    2021-06-01 0 days 1,922 sqft
    2021-07-01 0 days 1,890 sqft
    2021-08-01 0 days 1,977 sqft
    2021-09-01 0 days 1,799 sqft
    2021-10-01 0 days 1,800 sqft
    2021-11-01 0 days 1,741 sqft
    2021-12-01 0 days 1,701 sqft
    2022-01-01 0 days 1,700 sqft
    2022-02-01 0 days 1,737 sqft
    2022-03-01 0 days 1,675 sqft
    2022-04-01 0 days 1,816 sqft
    2022-05-01 0 days 1,822 sqft
    2022-06-01 0 days 1,802 sqft
    2022-07-01 0 days 1,783 sqft
    2022-08-01 0 days 1,769 sqft
    2022-09-01 0 days 1,725 sqft
    2022-10-01 0 days 1,833 sqft
    2022-11-01 0 days 1,802 sqft
    2022-12-01 0 days 1,730 sqft
    2023-01-01 0 days 1,778 sqft
    2023-02-01 0 days 1,795 sqft
    Sturgis's median listing age (time on market) for 2023-02-01 was 0 days.

    Sturgis's median square footage for active listings during the 2023-02-01 period was 1,795 sqft. One year prior, the average listing was 1,737 sqft.

    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.