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 7.1% for the week of 2023-11-22, compared to the national average of 7.29% for the same period.

    The average rate for the prior week (2023-11-16) was 7.15% and one month ago for the week of 2023-10-19, the average rate was 7.64%.

    Sturgis's average rate one year ago was 6.72%.

    For refis of the same type during the week of 2023-11-22, the average rate was 7.29%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-11-22 7.29%
    Sturgis 30 Year Fixed Rate 2023-11-22 7.1%
    Sturgis 30 Year Fixed Rate Refi 2023-11-22 7.29%
    Sturgis 15 Year Fixed Rate 2023-11-22 6.67%
    Sturgis 15 Year Fixed Rate Refi 2023-11-22 6.87%
    Sturgis 30 Year FHA 2023-11-22 -0.14%
    Sturgis 30 Year FHA Refi 2023-11-22 -0.1%
    Sturgis 30 Year USDA 2023-11-22 0%
    Sturgis 30 Year USDA Refi 2023-11-22 -0.1%
    Sturgis 30 Year VA 2023-11-22 0.2%
    Sturgis 30 Year VA Refi 2023-11-22 0%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    OAK MORTGAGE, LLC 102 4.94% $3,188
    OMNI Community Credit Union 50 5.19% $4,684
    QUICKEN LOANS, LLC 33 5.21% $6,017
    RUOFF MORTGAGE COMPANY, INC. 27 5.34% $3,439
    CONSUMERS 22 5.30% $2,848
    AMERIFIRST FINANCIAL CORPORATION 15 5.55% $5,125
    The Huntington National Bank 13 5.26% $3,101
    ARBOR FINANCIAL CREDIT UNION 11 4.66% $3,156
    Flagstar Bank, FSB 10 5.56% $2,908
    Fifth Third Bank 10 4.82% $3,393
    Mr. Cooper ( Nationstar Mortgage ) 10 5.11% $7,150
    Horizon Bank 10 5.10% $2,913
    INTERRA CREDIT UNION 10 5.61% $3,360
    HANCOCK MORTGAGE PARTNERS, LLC 10 5.16% $4,268
    Farmers State Bank 9 4.11% $3,363
    UNITED WHOLESALE MORTGAGE, LLC 9 5.61% $4,736
    Wells Fargo Bank 6 5.13% $5,507
    JPMorgan Chase Bank 6 4.46% $3,837
    SUCCESS MORTGAGE PARTNERS, INC. 5 5.62% $6,871
    Southern Michigan Bank & Trust 5 4.80% $2,789
    FREEDOM MORTGAGE CORPORATION 5 4.38% $3,759
    GUARANTEED RATE, INC. 4 5.28% $5,195
    LAKE MICHIGAN CREDIT UNION 4 5.09% $5,275
    LOANDEPOT.COM, LLC 4 4.96% $4,536
    Circle Federal Credit Union 4 5.38% $4,672
    MORTGAGE CENTER L.C 3 5.00% $2,642
    Citizens Bank 3 6.29% $3,856
    Kellogg Community Credit Union 3 5.38% $2,691
    U.S. Bank 3 4.54% $12,499
    VAN DYK MORTGAGE CORPORATION 3 5.58% $1,767
    Neighborhood Loans, Inc. 3 5.50% $4,523
    Northpointe Bank 3 6.38% $5,542
    Lake City Bank 3 4.96% $2,600
    CROSSCOUNTRY MORTGAGE, LLC 3 5.53% $6,380
    PREMIA MORTGAGE, LLC 3 5.77% $0
    KeyBank 2 4.98% $1,772
    DOW CHEMICAL EMPLOYEES' 2 5.88% $3,225
    First State Bank of Middlebury 2 5.69% $2,666
    AMERISAVE MORTGAGE CORPORATION 2 5.06% $4,193
    MID AMERICA MORTGAGE, INC. 2 5.69% $3,705
    GreenStone Farm Credit Services, FLCA 2 4.48% $4,378
    GVC MORTGAGE, INC. 2 5.50% $5,199
    Old National Bank 2 4.50% $6,318
    Pacor Mortgage Corp 2 3.19% $2,990
    PNC Bank 2 5.19% $3,117
    Hometown Lenders, Inc. 2 5.63% $4,606
    Honor Credit Union 2 4.31% $2,404
    Independent Bank 2 5.75% $5,800
    The Dart Bank 2 4.63% $3,445
    The Farmers & Merchants State Bank 2 4.08% $4,108
    First Federal Savings Bank 2 4.50% $3,179
    North American Savings Bank, F.S.B. 1 4.25% $1,046
    Northwest Bank 1 7.38% $1,699
    PENNYMAC LOAN SERVICES, LLC 1 5.88% $6,876
    PFCU 1 6.00% $2,283
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.88% $5,783
    PROPER RATE, LLC 1 5.75% $3,373
    RESIDENTIAL BANCORP 1 2.88% $3,326
    ROYAL UNITED MORTGAGE LLC 1 5.38% $5,260
    SOFI LENDING CORP. 1 3.13% $2,425
    Sunflower Bank 1 6.75% $3,790
    TEACHERS CREDIT UNION 1 4.50% $2,989
    Three Rivers Federal Credit Union 1 3.25% $3,079
    UNION HOME MORTGAGE CORP. 1 4.38% $2,627
    1st Source Bank 1 3.25% $3,401
    Zeal Credit Union 1 3.50% $2,268
    Ally Bank 1 4.00% $5,749
    AMERICAN FINANCING CORPORATION 1 3.38% $5,138
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $3,635
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.75% $4,654
    Associated Bank 1 4.38% $6,405
    Barrington Bank & Trust Company, N.A. 1 5.88% $2,750
    Bethpage Federal Credit Union 1 4.38% $3,307
    BETTER MORTGAGE CORPORATION 1 2.75% $950
    BLUELEAF LENDING, LLC 1 3.88% $2,517
    BROKER SOLUTIONS, INC. 1 5.63% $4,481
    CALIBER HOME LOANS, INC. 1 4.88% $3,153
    CARDINAL FINANCIAL 1 6.50% $3,196
    Carrington Mortgage Services, LLC 1 6.00% $6,741
    CHERRY CREEK MORTGAGE, LLC 1 6.38% $785
    ChoiceOne Bank 1 4.75% $2,495
    CITIZENS EQUITY FIRST 1 4.00% $2,144
    CMG MORTGAGE, INC. 1 3.99% $5,894
    Comerica Bank 1 4.00% $2,289
    CONTOUR MORTGAGE CORPORATION 1 5.63% $6,578
    Deere Employees Credit Union 1 5.00% $3,346
    Discover Bank 1 4.49% $0
    Equity Prime Mortgage LLC 1 4.38% $2,188
    EVERENCE FEDERAL CREDIT UNION 1 5.88% $2,525
    Farm Credit Mid-America, ACA 1 5.85% $5,949
    FINANCE OF AMERICA MORTGAGE LLC 1 4.50% $3,134
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 3.75% $2,903
    FIRST COMMUNITY MORTGAGE, INC. 1 6.88% $8,525
    First Merchants Bank 1 4.13% $3,544
    FIRST NORTHERN Credit Union 1 7.50% $2,830
    Frankenmuth Credit Union 1 5.00% $2,460
    German American Bank 1 6.13% $2,938
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.99% $6,701
    GREENSTATE CREDIT UNION 1 6.25% $3,612
    HALLMARK HOME MORTGAGE, LLC 1 6.99% $4,434
    HOME POINT FINANCIAL CORPORATION 1 2.99% $1,615
    HOMESTEAD FUNDING CORP. 1 4.50% $8,220
    Iroquois Federal Savings and Loan Association 1 3.50% $3,780
    KALSEE CREDIT UNION 1 5.75% $5,414
    Key Mortgage Services, Inc. 1 5.38% $3,008
    LAKEVIEW LOAN SERVICING, LLC 1 5.63% $7,728
    LEADERONE FINANCIAL CORPORATION 1 6.75% $5,006
    LOANPAL, LLC 1 4.25% $2,918
    Marquette Bank 1 5.63% $9,619
    MEMBER FIRST MORTGAGE, LLC 1 3.25% $2,989
    Mercantile Bank of Michigan 1 5.50% $2,678
    MLD MORTGAGE INC. 1 5.50% $9,473
    M&T Bank 1 4.88% $5,885
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.63% $4,686
    NAVY FEDERAL CREDIT UNION 1 7.13% $1,232
    NEWREZ LLC 1 4.38% $5,394

    Sturgis Average Closing Costs & Other Stats

    Sturgis, MI's 116 lenders originated 1,499 loans during 2022. The total origination value was $220,335,000, with an average loan value of $146,988.

    Sturgis's average closing costs are $3,854.

    The top Sturgis lender as defined by loan originations is OAK MORTGAGE, LLC, with 102 loans originated. Their average total fees are $3,188, which is $1,496 lower than the next largest lender, OMNI Community Credit Union.

    The lowest fee Sturgis lenders (with over 10 loans originated) are CONSUMERS ($2,848), Flagstar Bank, FSB ($2,908), Horizon Bank ($2,913), The Huntington National Bank ($3,101) and ARBOR FINANCIAL CREDIT UNION ($3,156).

    The lowest rate Sturgis lenders (with over 10 loans originated) are ARBOR FINANCIAL CREDIT UNION (4.66%), Fifth Third Bank (4.82%), OAK MORTGAGE, LLC (4.94%), Horizon Bank (5.10%) and Mr. Cooper ( Nationstar Mortgage ) (5.11%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    OAK MORTGAGE, LLC $55,680,000 $28,245,000 -49.3% 12.8%
    QUICKEN LOANS, LLC $26,955,000 $16,550,000 -38.6% 7.5%
    Sturgis Bank & Trust Company $2,135,000 $13,245,000 520.4% 6.0%
    OMNI Community Credit Union $16,415,000 $12,580,000 -23.4% 5.7%
    RUOFF MORTGAGE COMPANY, INC. $25,075,000 $12,085,000 -51.8% 5.5%
    AMERIFIRST FINANCIAL CORPORATION $15,110,000 $7,740,000 -48.8% 3.5%
    ARBOR FINANCIAL CREDIT UNION $13,160,000 $7,465,000 -43.3% 3.4%
    The Huntington National Bank $7,295,000 $6,055,000 -17.0% 2.7%
    Fifth Third Bank $9,540,000 $5,090,000 -46.6% 2.3%
    CONSUMERS $6,260,000 $4,480,000 -28.4% 2.0%
    Farmers State Bank $4,525,000 $4,270,000 -5.6% 1.9%
    UNITED WHOLESALE MORTGAGE, LLC $6,905,000 $4,060,000 -41.2% 1.8%
    Flagstar Bank, FSB $8,980,000 $3,380,000 -62.4% 1.5%
    Horizon Bank $4,015,000 $3,190,000 -20.5% 1.4%
    JPMorgan Chase Bank $2,430,000 $3,065,000 26.1% 1.4%
    U.S. Bank $880,000 $2,845,000 223.3% 1.3%
    1st Source Bank $1,515,000 $2,560,000 69.0% 1.2%
    Southern Michigan Bank & Trust $9,310,000 $2,550,000 -72.6% 1.2%
    Mr. Cooper ( Nationstar Mortgage ) $3,070,000 $2,535,000 -17.4% 1.2%
    INTERRA CREDIT UNION $3,965,000 $2,460,000 -38.0% 1.1%
    Mortgage Research Center, LLC $2,905,000 $2,310,000 -20.5% 1.0%
    LAKE MICHIGAN CREDIT UNION $7,510,000 $2,240,000 -70.2% 1.0%
    SUCCESS MORTGAGE PARTNERS, INC. $2,780,000 $2,170,000 -21.9% 1.0%
    Old National Bank $3,425,000 $2,140,000 -37.5% 1.0%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,585,000 $2,125,000 34.1% 1.0%
    HANCOCK MORTGAGE PARTNERS, LLC $1,660,000 $2,070,000 24.7% 0.9%
    LOANDEPOT.COM, LLC $2,350,000 $1,975,000 -16.0% 0.9%
    GUARANTEED RATE, INC. $2,895,000 $1,965,000 -32.1% 0.9%
    CROSSCOUNTRY MORTGAGE, LLC $2,825,000 $1,680,000 -40.5% 0.8%
    Kellogg Community Credit Union $4,930,000 $1,620,000 -67.1% 0.7%
    AMERISAVE MORTGAGE CORPORATION $3,860,000 $1,580,000 -59.1% 0.7%
    FREEDOM MORTGAGE CORPORATION $5,015,000 $1,450,000 -71.1% 0.7%
    Wells Fargo Bank $2,575,000 $1,445,000 -43.9% 0.7%
    MEMBER FIRST MORTGAGE, LLC $1,240,000 $1,430,000 15.3% 0.6%
    PNC Bank $1,225,000 $1,425,000 16.3% 0.6%
    First Federal Savings Bank $545,000 $1,370,000 151.4% 0.6%
    Lake City Bank $1,065,000 $1,330,000 24.9% 0.6%
    First State Bank of Middlebury $4,325,000 $1,280,000 -70.4% 0.6%
    Honor Credit Union $1,625,000 $1,225,000 -24.6% 0.6%
    KeyBank $3,750,000 $1,225,000 -67.3% 0.6%
    The Dart Bank $165,000 $1,155,000 600.0% 0.5%
    Carrington Mortgage Services, LLC $935,000 $1,135,000 21.4% 0.5%
    Circle Federal Credit Union $1,440,000 $1,130,000 -21.5% 0.5%
    USAA Federal Savings Bank $765,000 $1,120,000 46.4% 0.5%
    Pacor Mortgage Corp $790,000 $1,005,000 27.2% 0.5%
    LAKEVIEW LOAN SERVICING, LLC $1,215,000 $945,000 -22.2% 0.4%
    Northpointe Bank $190,000 $940,000 394.7% 0.4%
    Citizens Bank $835,000 $875,000 4.8% 0.4%
    GVC MORTGAGE, INC. $1,295,000 $830,000 -35.9% 0.4%
    Farm Credit Mid-America, ACA $185,000 $775,000 318.9% 0.4%
    MORTGAGE CENTER L.C $2,120,000 $745,000 -64.9% 0.3%
    PENNYMAC LOAN SERVICES, LLC $1,610,000 $745,000 -53.7% 0.3%
    GreenStone Farm Credit Services, FLCA $1,750,000 $710,000 -59.4% 0.3%
    PREMIA MORTGAGE, LLC $215,000 $685,000 218.6% 0.3%
    Associated Bank $500,000 $645,000 29.0% 0.3%
    Barrington Bank & Trust Company, N.A. $680,000 $600,000 -11.8% 0.3%
    Neighborhood Loans, Inc. $565,000 n/a 0.3%
    NEWREZ LLC $735,000 $560,000 -23.8% 0.3%
    VAN DYK MORTGAGE CORPORATION $595,000 $525,000 -11.8% 0.2%
    HOMESTEAD FUNDING CORP. $515,000 n/a 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $2,595,000 $500,000 -80.7% 0.2%
    CONTOUR MORTGAGE CORPORATION $485,000 n/a 0.2%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $490,000 $480,000 -2.0% 0.2%
    ZILLOW HOME LOANS, LLC $475,000 n/a 0.2%
    HOMESIDE FINANCIAL, LLC $1,350,000 $470,000 -65.2% 0.2%
    Independent Bank $910,000 $470,000 -48.4% 0.2%
    BMO Harris Bank $625,000 $465,000 -25.6% 0.2%
    HOME POINT FINANCIAL CORPORATION $1,020,000 $465,000 -54.4% 0.2%
    North American Savings Bank, F.S.B. $455,000 n/a 0.2%
    PROPER RATE, LLC $455,000 n/a 0.2%
    KALSEE CREDIT UNION $1,315,000 $450,000 -65.8% 0.2%
    CALIBER HOME LOANS, INC. $2,020,000 $445,000 -78.0% 0.2%
    Hometown Lenders, Inc. $440,000 n/a 0.2%
    COMMUNITY FINANCIAL CREDIT UNION $430,000 n/a 0.2%
    Iroquois Federal Savings and Loan Association $425,000 n/a 0.2%
    Comerica Bank $415,000 n/a 0.2%
    The Campbell & Fetter Bank $375,000 $410,000 9.3% 0.2%
    The Farmers & Merchants State Bank $155,000 $410,000 164.5% 0.2%
    Equity Prime Mortgage LLC $400,000 n/a 0.2%
    Three Rivers Federal Credit Union $380,000 $400,000 5.3% 0.2%
    First Merchants Bank $420,000 $395,000 -6.0% 0.2%
    FirstBank $545,000 $385,000 -29.4% 0.2%
    Beverly Bank & Trust $375,000 n/a 0.2%
    ADVIA $665,000 $370,000 -44.4% 0.2%
    HALLMARK HOME MORTGAGE, LLC $330,000 $370,000 12.1% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $1,110,000 $370,000 -66.7% 0.2%
    DOW CHEMICAL EMPLOYEES' $135,000 $360,000 166.7% 0.2%
    Mercantile Bank of Michigan $1,125,000 $360,000 -68.0% 0.2%
    Marquette Bank $225,000 $355,000 57.8% 0.2%
    MID AMERICA MORTGAGE, INC. $1,045,000 $350,000 -66.5% 0.2%
    MORTGAGE 1 INCORPORATED $320,000 $350,000 9.4% 0.2%
    NAVY FEDERAL CREDIT UNION $1,005,000 $320,000 -68.2% 0.1%
    BROKER SOLUTIONS, INC. $75,000 $315,000 320.0% 0.1%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $605,000 $310,000 -48.8% 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $870,000 $300,000 -65.5% 0.1%
    UNION HOME MORTGAGE CORP. $1,300,000 $300,000 -76.9% 0.1%
    MLD MORTGAGE INC. $425,000 $295,000 -30.6% 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $575,000 $280,000 -51.3% 0.1%
    ChoiceOne Bank $215,000 $275,000 27.9% 0.1%
    EMBRACE HOME LOANS, INC. $275,000 n/a 0.1%
    CHERRY CREEK MORTGAGE, LLC $265,000 n/a 0.1%
    FIRST NORTHERN Credit Union $265,000 n/a 0.1%
    THE ANDERSON FINANCIAL GROUP, INC. $265,000 n/a 0.1%
    TEACHERS CREDIT UNION $1,135,000 $260,000 -77.1% 0.1%
    BETTER MORTGAGE CORPORATION $1,120,000 $255,000 -77.2% 0.1%
    BLUELEAF LENDING, LLC $320,000 $255,000 -20.3% 0.1%
    Busey Bank $255,000 n/a 0.1%
    CMG MORTGAGE, INC. $125,000 $255,000 104.0% 0.1%
    LEADERONE FINANCIAL CORPORATION $255,000 n/a 0.1%
    Notre Dame Federal Credit Union Corporation $650,000 $250,000 -61.5% 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $235,000 n/a 0.1%
    FLAT BRANCH MORTGAGE, INC. $225,000 n/a 0.1%
    FINANCE OF AMERICA MORTGAGE LLC $530,000 $220,000 -58.5% 0.1%
    Magnolia Bank $275,000 $215,000 -21.8% 0.1%
    Paramount Bank $215,000 n/a 0.1%
    M&T Bank $210,000 n/a 0.1%
    Ally Bank $205,000 n/a 0.1%
    GREENSTATE CREDIT UNION $205,000 n/a 0.1%
    Bethpage Federal Credit Union $195,000 n/a 0.1%
    SOFI LENDING CORP. $195,000 n/a 0.1%
    AMERICAN ADVISORS GROUP $185,000 n/a 0.1%
    AMERICAN INTERNET MORTGAGE, INC. $185,000 n/a 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $185,000 n/a 0.1%
    Sunflower Bank $185,000 n/a 0.1%
    FIRST CENTENNIAL MORTGAGE CORPORATION $295,000 $175,000 -40.7% 0.1%
    NEW DAY FINANCIAL, LLC $125,000 $175,000 40.0% 0.1%
    Discover Bank $170,000 n/a 0.1%
    Deere Employees Credit Union $105,000 $165,000 57.1% 0.1%
    German American Bank $165,000 n/a 0.1%
    MIDWEST LOAN SOLUTIONS, INC. $165,000 n/a 0.1%
    INOVA FEDERAL CREDIT UNION $690,000 $160,000 -76.8% 0.1%
    ROYAL UNITED MORTGAGE LLC $360,000 $160,000 -55.6% 0.1%
    Nations Lending Corporation $155,000 n/a 0.1%
    PHH Mortgage Corporation $155,000 n/a 0.1%
    RESIDENTIAL BANCORP. $155,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $275,000 $155,000 -43.6% 0.1%
    CITIZENS EQUITY FIRST $145,000 n/a 0.1%
    EQUITY RESOURCES, INC. $135,000 n/a 0.1%
    REVERSE MORTGAGE FUNDING LLC $135,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $200,000 $125,000 -37.5% 0.1%
    AMERICAN FINANCING CORPORATION $115,000 n/a 0.1%
    EVERETT FINANCIAL, INC. $115,000 n/a 0.1%
    Northwest Bank $115,000 n/a 0.1%
    UNITED $570,000 $115,000 -79.8% 0.1%
    EVERENCE FEDERAL CREDIT UNION $105,000 n/a 0.0%
    Isabella Bank $75,000 $105,000 40.0% 0.0%
    LOANPAL, LLC $105,000 n/a 0.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $95,000 n/a 0.0%
    AMERICAN PACIFIC MORTGAGE CORPORATION $525,000 $85,000 -83.8% 0.0%
    Frankenmuth Credit Union $85,000 n/a 0.0%
    Key Mortgage Services, Inc. $85,000 n/a 0.0%
    21ST MORTGAGE CORPORATION $40,000 $80,000 100.0% 0.0%
    First Guaranty Mortgage Corporation $65,000 n/a 0.0%
    BayCoast Bank $55,000 n/a 0.0%
    PFCU $55,000 n/a 0.0%
    SPRING EQ, LLC $55,000 $55,000 0.0% 0.0%
    Stifel Bank and Trust $55,000 n/a 0.0%
    EVANSVILLE TEACHERS $45,000 $45,000 0.0% 0.0%
    Zeal Credit Union $45,000 n/a 0.0%
    Centier Bank $330,000 $25,000 -92.4% 0.0%
    Figure Lending LLC $55,000 $25,000 -54.5% 0.0%
    GENISYS $25,000 n/a 0.0%
    COMMUNITY FIRST $15,000 n/a 0.0%

    Sturgis's top lender by overall market share is OAK MORTGAGE, LLC, with 12.8% market share. In second place, with 7.5%, is QUICKEN LOANS, LLC, having originated $16,550,000 in loans. In third place, with 6.0%, is Sturgis Bank & Trust Company, having originated $13,245,000 in loans. In fourth place, with 5.7%, is OMNI Community Credit Union, having originated $12,580,000 in loans. In fifth place, with 5.5%, is RUOFF MORTGAGE COMPANY, INC., having originated $12,085,000 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%) $276,797 (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 $213,725 (-5.0%) $292,578 (-15.5%) 0.00 103
    2022-09-01 $239,450 (7.6%) $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%) $253,517 (-21.3%) 0.00 84
    2023-02-01 $210,500 (20.3%) $275,279 (-4.3%) 0.00 65
    2023-03-01 $211,400 (20.7%) $311,829 (1.7%) 0.00 42
    2023-04-01 $249,900 (4.2%) $310,953 (-12.3%) 0.00 49
    2023-05-01 $247,475 (-3.4%) $292,771 (-14.0%) 0.00 59
    2023-06-01 $269,225 (0.8%) $341,760 (-10.4%) 0.00 67
    2023-07-01 $254,900 (3.0%) $343,952 (7.8%) 0.00 75
    2023-08-01 $254,900 (19.3%) $340,703 (16.5%) 0.00 85
    2023-09-01 $249,950 (4.4%) $343,936 (13.7%) 0.00 80
    2023-10-01 $233,650 (1.6%) $338,395 (13.9%) 0.00 89
    Sturgis's median listing price for 2023-10-01 was $233,650, a difference of $3,700 (1.6%) versus the prior year and $-16,300 versus the prior month.

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

    Sturgis's average listing price for 2023-10-01 was $338,395, a difference of $41,233 (13.9%) versus the prior year and $-5,541 versus the prior month.

    For the 2023-10-01 period, Sturgis had 89 MLS listings, a difference of 9 listings (11%) versus the prior month and -3 listings (-3%) 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 1,934 sqft
    2018-12-01 0 days 1,849 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 1,731 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 1,786 sqft
    2023-02-01 0 days 1,800 sqft
    2023-03-01 0 days 1,755 sqft
    2023-04-01 0 days 1,800 sqft
    2023-05-01 0 days 1,703 sqft
    2023-06-01 0 days 1,867 sqft
    2023-07-01 0 days 1,830 sqft
    2023-08-01 0 days 1,785 sqft
    2023-09-01 0 days 1,826 sqft
    2023-10-01 0 days 1,628 sqft
    Sturgis's median listing age (time on market) for 2023-10-01 was 0 days.

    Sturgis's median square footage for active listings during the 2023-10-01 period was 1,628 sqft. One year prior, the average listing was 1,833 sqft.

    Sturgis, MI Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 657 $126,815,000 $193,021
    Cash Out Refi 308 $45,990,000 $149,318
    Home Improvement 200 $11,550,000 $57,750
    Other 173 $15,725,000 $90,896
    Refi 161 $20,255,000 $125,807

    Sturgis's most frequently cited loan purpose was Home Purchase, with 657 originations. The 2nd most popular reason was Cash Out Refi, with 308 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 338 $57,770,000 $170,917
    4-5% 296 $47,500,000 $160,473
    3-4% 289 $46,465,000 $160,779
    6-7% 197 $27,775,000 $140,990
    2.5-3% 77 $12,395,000 $160,974
    7-8% 64 $5,780,000 $90,313
    <2.5% 33 $6,285,000 $190,455
    Over 8% 30 $1,400,000 $46,667

    During 2022, Sturgis's most frequently originated rate bucket was 5-6%, with 338 originations.

    Loan Sizing (Sturgis, MI MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 600 $85,700,000 $142,833
    $100,000 or less 570 $31,290,000 $54,895
    $200k-400k 285 $75,645,000 $265,421
    $400k-600k 27 $12,705,000 $470,556
    $600k-1000k 14 $10,540,000 $752,857
    $Over $1MM 3 $4,455,000 $1,485,000

    Sturgis's loan sizing saw the bucket of loans from $100k-200k with 600 originations, totaling $85,700,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 515 $93,245,000 $181,058
    60-80% 324 $66,180,000 $204,259
    40-60% 176 $25,950,000 $147,443
    20-40% 167 $13,455,000 $80,569
    Under 20% 144 $5,360,000 $37,222
    Over 100% 4 $1,120,000 $280,000

    Sturgis's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 515 originations, totaling $93,245,000 in origination value.