Traverse City Mortgage Rates

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

30 Year Fixed Rate mortgages in Traverse City averaged 5.97% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 5.78% and one month ago for the week of 2022-05-26, the average rate was 5.27%.

Traverse City's average rate one year ago was 3.02%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.84%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Traverse City 30 Year Fixed Rate 2022-06-30 5.97%
Traverse City 30 Year Fixed Rate Refi 2022-06-30 5.84%
Traverse City 15 Year Fixed Rate 2022-06-30 5.02%
Traverse City 15 Year Fixed Rate Refi 2022-06-30 4.8%
Traverse City 30 Year FHA 2022-06-30 5.74%
Traverse City 30 Year FHA Refi 2022-06-30 5.85%
Traverse City 30 Year USDA 2022-06-30 5.5%
Traverse City 30 Year USDA Refi 2022-06-30 5.48%
Traverse City 30 Year VA 2022-06-30 5.53%
Traverse City 30 Year VA Refi 2022-06-30 5.26%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Traverse City, MI.

Traverse City 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 Traverse City, 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
QUICKEN LOANS, LLC 491 3.08% $4,673
LAKE MICHIGAN CREDIT UNION 440 3.08% $3,969
The Huntington National Bank 309 3.12% $3,425
UNITED WHOLESALE MORTGAGE, LLC 299 3.08% $3,726
Independent Bank 276 3.17% $3,107
CALIBER HOME LOANS, INC. 190 3.21% $3,229
Fifth Third Bank 183 3.12% $3,193
JPMorgan Chase Bank 128 2.99% $2,709
TCF National Bank 112 3.02% $2,971
UNION HOME MORTGAGE CORP. 95 3.19% $3,492
STAUNTON FINANCIAL, INC. 78 3.25% $3,286
Wells Fargo Bank 67 2.99% $3,101
AMERIFIRST FINANCIAL CORPORATION 49 3.24% $3,894
LOANDEPOT.COM, LLC 47 2.91% $3,478
CREDIT UNION ONE 45 3.26% $3,171
mBank 44 3.41% $2,565
NEWREZ LLC 42 3.46% $4,405
Bank of America 37 2.77% $3,203
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 34 3.13% $3,856
Flagstar Bank, FSB 32 3.22% $3,787
TEAM ONE CREDIT UNION 32 3.01% $519
T2 FINANCIAL LLC 31 3.28% $4,816
Mercantile Bank of Michigan 28 3.06% $3,253
Mr. Cooper ( Nationstar Mortgage ) 27 3.22% $4,715
AMERISAVE MORTGAGE CORPORATION 26 3.05% $5,427
BETTER MORTGAGE CORPORATION 23 2.85% $3,557
PNC Bank 23 3.16% $3,456
GUARANTEED RATE, INC. 22 3.00% $3,483
HOME POINT FINANCIAL CORPORATION 18 3.09% $4,065
CROSSCOUNTRY MORTGAGE, LLC 16 3.11% $3,374
MICHIGAN MUTUAL, INC. 16 3.26% $3,754
GreenStone Farm Credit Services, FLCA 14 3.64% $5,116
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 3.10% $3,423
MORTGAGE 1 INCORPORATED 13 3.23% $3,291
MUTUAL OF OMAHA MORTGAGE, INC. 12 3.26% $3,944
Charles Schwab Bank, SSB 11 2.30% $3,066
Northpointe Bank 10 3.01% $3,895
MORTGAGE CENTER L.C 10 3.08% $2,925
Neighborhood Loans, Inc. 10 3.15% $3,202
BROKER SOLUTIONS, INC. 10 3.18% $5,497
Ally Bank 10 2.71% $7,992
KeyBank 9 2.60% $5,591
AMERICAN FINANCING CORPORATION 9 3.28% $4,290
U.S. Bank 9 3.10% $4,104
KELLER MORTGAGE, LLC 9 2.97% $2,191
J. VIRGIL, INC. 9 3.21% $6,719
FREEDOM MORTGAGE CORPORATION 9 3.10% $3,400
DOW CHEMICAL EMPLOYEES' 9 3.31% $3,369
UBS Bank USA 8 3.13% $4,077
Citizens Bank 8 2.89% $2,571
Morgan Stanley Private Bank 8 2.57% $4,832
PENNYMAC LOAN SERVICES, LLC 8 3.25% $5,476
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 8 3.20% $3,916
Chicago Mortgage Solutions LLC 7 2.92% $1,417
Bank of Ann Arbor 7 3.02% $3,157
Level One Bank 7 3.20% $3,919
FINANCE OF AMERICA MORTGAGE LLC 7 2.95% $3,320
PRIMELENDING, A PLAINSCAPITAL COMPANY 7 3.30% $3,708
Wyndham Capital Mortgage, Inc. 7 2.87% $1,840
NAVY FEDERAL CREDIT UNION 7 3.29% $4,526
Carrington Mortgage Services, LLC 7 3.23% $4,763
GENISYS 7 3.16% $2,740
CHURCHILL MORTGAGE CORPORATION 6 3.33% $3,549
MICHIGAN SCHOOLS AND GOVERNMENT 6 3.02% $2,317
Associated Bank 6 2.79% $5,828
Frankenmuth Credit Union 6 3.15% $1,167
MEMBER FIRST MORTGAGE, LLC 6 3.21% $2,818
AMERICAN INTERNET MORTGAGE, INC. 6 2.88% $2,535
BLUELEAF LENDING, LLC 5 2.98% $3,886
Barrington Bank & Trust Company, N.A. 5 3.32% $4,394
UNIVERSITY LENDING GROUP, LLC 5 3.15% $3,583
VAN DYK MORTGAGE CORPORATION 5 2.90% $4,449
The Dart Bank 5 3.10% $2,975
ZILLOW HOME LOANS, LLC 5 3.10% $2,998
ROSS MORTGAGE CORPORATION 5 3.23% $3,295
Stifel Bank and Trust 5 2.60% $2,854
DFCU FINANCIAL 5 3.35% $5,040
Old National Bank 5 2.95% $3,167
1st State Financial, Ltd. 4 2.50% $2,465
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 3.22% $6,092
City National Bank 4 3.05% $4,010
CONSUMERS 4 3.34% $2,687
Macatawa Bank 4 2.97% $3,013
NBKC BANK 4 3.12% $1,835
PENTAGON FEDERAL CREDIT UNION 4 2.94% $2,030
AMERICAN FINANCIAL NETWORK, INC. 3 3.17% $10,696
SUMMIT FUNDING, INC. 3 3.12% $4,359
UNITED 3 3.08% $3,366
PROVIDENT FUNDING ASSOCIATES, L.P. 3 2.71% $2,576
Luxury Mortgage Corp. 3 3.17% $3,276
First Federal Bank 3 3.21% $4,895
Isabella Bank 3 2.79% $3,200
Citibank 3 3.04% $4,410
Michigan Educational Credit Union 3 3.33% $3,024
OAK MORTGAGE, LLC 3 2.71% $2,666
MOVEMENT MORTGAGE, LLC 3 3.10% $3,113
HOMESIDE FINANCIAL, LLC 3 3.29% $4,343
ANGEL OAK MORTGAGE SOLUTIONS LLC 3 5.33% $19,808
LENDERFI, INC. 3 2.75% $1,362
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 3.17% $3,247
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 2.75% $2,867
CELEBRITY HOME LOANS, LLC 3 3.33% $6,975
COMMUNITY FINANCIAL CREDIT UNION 3 2.92% $2,615
InterContinental Capital Group, Inc 3 3.13% $4,304
TOWNE MORTGAGE COMPANY 3 3.08% $5,577
ROYAL UNITED MORTGAGE LLC 3 3.38% $6,475
EVERETT FINANCIAL, INC. 3 3.38% $1,457
PLAZA HOME MORTGAGE, INC. 3 3.21% $5,326
RUOFF MORTGAGE COMPANY, INC. 3 3.17% $2,903
Grand River Bank 2 3.19% $2,920
AMERICAN FINANCIAL RESOURCES, INC. 2 3.00% $3,558
Kellogg Community Credit Union 2 3.38% $2,754
CORNERSTONE HOME LENDING, INC. 2 3.13% $4,791
Nicolet National Bank 2 3.19% $3,058
North American Savings Bank, F.S.B. 2 2.63% $2,718
NORTHERN MORTGAGE SERVICES, LLC 2 3.38% $2,579
First Guaranty Mortgage Corporation 2 2.94% $2,327
DAS Acquisition Company, LLC 2 3.06% $3,044
BlueOx Credit Union 2 2.94% $2,668
Dort Financial Credit Union 2 3.19% $3,659
VIBE CREDIT UNION 2 3.25% $2,452
LENOX FINANCIAL MORTGAGE CORPORATION 2 3.25% $2,523
Watermark Capital, Inc. 2 2.38% $2,927
Adventure Credit Union 2 3.00% $2,311
PLANET HOME LENDING, LLC 2 3.38% $2,450
Platinum Home Mortgage Corporation 2 2.99% $3,881
Gateway First Bank 2 3.56% $3,084
EMM LOANS LLC 2 3.13% $5,162
FIRST HERITAGE FINANCIAL, LLC 2 3.35% $3,502
Preston Home Loans Inc 2 3.44% $3,455
Bank of England 2 2.88% $3,434
Manufacturers and Traders Trust Company 2 3.75% $6,093
Horizon Bank 2 2.88% $3,189
Raymond James Bank 2 2.88% $2,866
IMPAC MORTGAGE CORP. 2 3.13% $0
RELIANCE FIRST CAPITAL, LLC 2 3.37% $8,527
Renasant Bank 2 2.63% $3,061
First State Bank 2 3.19% $2,745
FIRST COMMUNITY MORTGAGE, INC. 2 3.06% $6,844
CIBC Bank USA 2 2.50% $3,636
STEARNS LENDING, LLC 2 3.06% $2,024
ChoiceOne Bank 2 3.00% $4,361
SUCCESS MORTGAGE PARTNERS, INC. 2 3.19% $4,224
SUMMIT HOME MORTGAGE, LLC 2 3.31% $3,078
Sunflower Bank 2 3.25% $3,259
MORIA DEVELOPMENT, INC. 2 3.19% $7,673
CHERRY CREEK MORTGAGE, LLC 2 3.00% $752
Mortgage Research Center, LLC 2 3.56% $7,267
Cf Bank 2 2.63% $1,138
County National Bank 2 3.44% $2,750
TIAA, FSB 2 2.88% $5,861
Sierra Pacific Mortgage Company, Inc. 1 3.13% $3,341
SOFI LENDING CORP. 1 2.75% $2,121
ARBOR FINANCIAL CREDIT UNION 1 2.75% $4,031
St James Mortgage Corporation 1 2.75% $1,411
STOCKTON MORTGAGE CORPORATION 1 3.50% $3,769
Strong Home Mortgage, LLC 1 2.88% $351
ANGEL OAK HOME LOANS LLC 1 4.38% $7,997
Ameris Bank 1 2.75% $2,888
AmeriHome Mortgage Company, LLC 1 3.00% $3,134
Texana Bank 1 2.63% $7,821
THE ANDERSON FINANCIAL GROUP, INC. 1 3.00% $4,306
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.63% $3,633
American Mortgage & Equity Consultants, Inc. 1 2.88% $4,391
The State Bank 1 4.20% $5,175
THRIVE MORTGAGE, LLC 1 3.25% $4,319
Toyota Financial Savings Bank 1 3.13% $2,929
Union Savings Bank 1 3.00% $2,577
United Bank 1 2.99% $4,966
United Bank of Michigan 1 3.13% $2,378
United Fidelity Funding Corp. 1 3.00% $5,025
UNITED MORTGAGE CORP. 1 2.88% $4,365
United Nations Federal Credit Union 1 2.50% $9,959
American Airlines Federal Credit Union 1 3.25% $0
ALLIANCE CATHOLIC CREDIT UNION 1 3.13% $2,903
UNIVERSITY OF MICHIGAN CREDIT UNION 1 3.13% $2,493
USAA Federal Savings Bank 1 3.00% $2,258
Alerus Financial 1 2.38% $3,181
ADVISORS CAPITAL, INC. 1 3.13% $3,106
Wanigas Credit Union 1 3.25% $2,290
Waterstone Mortgage Corporation 1 2.75% $4,801
WesBanco Bank, Inc. 1 2.88% $4,455
WINGS FINANCIAL 1 3.38% $3,285
ENVOY MORTGAGE, LTD 1 2.99% $3,638
BOKF 1 3.50% $2,939
First Home Bank 1 3.88% $3,659
First Merchants Bank 1 3.50% $3,497
First Republic Bank 1 2.85% $5,746
First Savings Bank 1 3.38% $4,313
First Western Trust Bank 1 2.50% $2,507
EMBRACE HOME LOANS, INC. 1 3.99% $4,843
DRAPER AND KRAMER MORTGAGE CORP. 1 3.25% $3,384
GENEVA FINANCIAL, LLC 1 3.88% $3,153
Dollar Bank, Federal Savings Bank 1 3.38% $3,923
Gold Coast Bank 1 2.99% $3,964
Goldman Sachs Bank USA 1 2.80% $2,274
Discover Bank 1 3.99% $0
DEPARTMENT OF COMMERCE 1 3.00% $2,977
GUARANTY HOME MORTGAGE CORPORATION 1 2.99% $2,576
Guardian Savings Bank, A Federal Savings Bank 1 3.00% $2,503
GUILD MORTGAGE COMPANY 1 3.13% $3,150
GVC MORTGAGE, INC. 1 2.99% $3,365
HEALTH ADVANTAGE FEDERAL CREDIT UNION 1 3.00% $3,430
Heartland Bank 1 3.00% $1,992
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.38% $1,673
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 3.50% $4,546
HOMESITE MORTGAGE, LLC 1 2.99% $2,256
HOMESTEAD FUNDING CORP. 1 2.50% $2,730
Hometown Lenders, Inc. 1 3.25% $3,429
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 2.63% $2,604
Independent Bank 1 3.63% $3,601
INLAND BANK & TRUST 1 3.00% $4,034
INLANTA MORTGAGE, INC. 1 3.75% $2,737
CoVantage Credit Union 1 3.13% $4,233
Countybank 1 2.99% $2,613
KS StateBank 1 2.75% $1,623
Community West Credit Union 1 3.13% $3,132
LAKEVIEW LOAN SERVICING, LLC 1 3.63% $1,320
LEADERONE FINANCIAL CORPORATION 1 3.12% $2,427
Comerica Bank 1 3.38% $2,708
A&D Mortgage LLC 1 3.75% $11,395
Colten Mortgage, LLC 1 3.25% $4,495
CMG MORTGAGE, INC. 1 2.75% $5,333
MICHIGAN FIRST CREDIT UNION 1 3.00% $2,826
Citadel Servicing Corporation 1 4.25% $6,374
CIBM Bank 1 3.38% $2,533
MID AMERICA MORTGAGE, INC. 1 2.75% $2,306
MMS MORTGAGE SERVICES, LTD. 1 3.00% $3,308
Chicago Financial Services, Inc. 1 2.50% $3,123
Centier Bank 1 3.63% $2,775
Nations Lending Corporation 1 3.13% $4,399
Zeal Credit Union 1 3.00% $2,863
FINANCIAL PLUS CREDIT UNION 1 2.75% $4,981
BNY Mellon 1 2.63% $3,949
BNC National Bank 1 2.25% $13,713
NUMARK CREDIT UNION 1 2.63% $2,250
PANORAMA MORTGAGE GROUP, LLC 1 2.88% $4,397
Paramount Residential Mortgage Group, Inc. 1 3.88% $4,484
BAYSHORE MORTGAGE FUNDING, LLC 1 3.50% $5,269
ACADEMY MORTGAGE CORPORATION 1 3.38% $6,966
PHH Mortgage Corporation 1 3.50% $5,519
PLUS RELOCATION MORTGAGE, LLC 1 3.13% $2,846
Baxter Credit Union 1 3.00% $3,588
POLARIS HOME FUNDING CORP. 1 3.38% $6,698
Prosperity Home Mortgage, LLC 1 3.00% $3,491
Auto Club Trust, FSB 1 3.99% $2,881
REDWOOD RESIDENTIAL ACQUISITION CORPORATION 1 3.13% $6,142
RESIDENTIAL BANCORP. 1 2.99% $4,331
ARC HOME LLC 1 2.99% $3,104
S1L, Inc. 1 2.63% $5,745

Traverse City, MI's 250 lenders originated 7,799 loans during 2021. The total origination value was $2,015,825,000, with an average loan value of $258,472.

The top Traverse City lender as defined by loan originations is QUICKEN LOANS, LLC, with 491 loans originated. Their average total fees are $4,673, which is $704 higher than the next largest lender, LAKE MICHIGAN CREDIT UNION.

The lowest fee Traverse City lenders (with over 10 loans originated) are TEAM ONE CREDIT UNION ($519), mBank ($2,565), JPMorgan Chase Bank ($2,709), MORTGAGE CENTER L.C ($2,925) and TCF National Bank ($2,971).

The lowest rate Traverse City lenders (with over 10 loans originated) are Charles Schwab Bank, SSB (2.30%), Ally Bank (2.71%), Bank of America (2.77%), BETTER MORTGAGE CORPORATION (2.85%) and LOANDEPOT.COM, LLC (2.91%).

Traverse City, 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
The Huntington National Bank $148,360,000 $230,525,000 55.4% 11.4%
LAKE MICHIGAN CREDIT UNION $258,530,000 $217,500,000 -15.9% 10.8%
QUICKEN LOANS, LLC $191,400,000 $207,335,000 8.3% 10.3%
Independent Bank $130,900,000 $141,890,000 8.4% 7.0%
UNITED WHOLESALE MORTGAGE, LLC $61,610,000 $125,650,000 103.9% 6.2%
Fifth Third Bank $77,670,000 $88,060,000 13.4% 4.4%
CALIBER HOME LOANS, INC. $86,610,000 $67,410,000 -22.2% 3.3%
JPMorgan Chase Bank $61,885,000 $62,080,000 0.3% 3.1%
TCF National Bank $158,330,000 $59,370,000 -62.5% 2.9%
Wells Fargo Bank $30,090,000 $35,005,000 16.3% 1.7%
UNION HOME MORTGAGE CORP. $26,155,000 $28,685,000 9.7% 1.4%
STAUNTON FINANCIAL, INC. $30,265,000 $27,350,000 -9.6% 1.4%
Bank of America $21,910,000 $25,040,000 14.3% 1.2%
CREDIT UNION ONE $22,615,000 $24,630,000 8.9% 1.2%
LOANDEPOT.COM, LLC $15,665,000 $24,320,000 55.3% 1.2%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $12,880,000 $19,430,000 50.9% 1.0%
Mercantile Bank of Michigan $6,080,000 $17,695,000 191.0% 0.9%
GreenStone Farm Credit Services, FLCA $16,395,000 $16,945,000 3.4% 0.8%
NEWREZ LLC $4,330,000 $16,895,000 290.2% 0.8%
FREEDOM MORTGAGE CORPORATION $20,800,000 $16,640,000 -20.0% 0.8%
mBank $31,450,000 $15,590,000 -50.4% 0.8%
PNC Bank $75,440,000 $15,545,000 -79.4% 0.8%
AMERIFIRST FINANCIAL CORPORATION $31,685,000 $15,050,000 -52.5% 0.7%
Flagstar Bank, FSB $12,845,000 $14,620,000 13.8% 0.7%
GREYSTONE SERVICING COMPANY LLC $13,405,000 n/a 0.7%
GUARANTEED RATE, INC. $6,610,000 $11,710,000 77.2% 0.6%
BETTER MORTGAGE CORPORATION $5,715,000 $11,555,000 102.2% 0.6%
Mortgage Research Center, LLC $8,365,000 $10,620,000 27.0% 0.5%
AMERISAVE MORTGAGE CORPORATION $4,430,000 $10,520,000 137.5% 0.5%
Ally Bank $3,535,000 $9,845,000 178.5% 0.5%
TEAM ONE CREDIT UNION $6,875,000 $9,610,000 39.8% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $9,980,000 $9,350,000 -6.3% 0.5%
HOME POINT FINANCIAL CORPORATION $8,635,000 $9,345,000 8.2% 0.5%
T2 FINANCIAL LLC $9,435,000 $8,800,000 -6.7% 0.4%
Morgan Stanley Private Bank $6,515,000 $8,660,000 32.9% 0.4%
Associated Bank $2,290,000 $8,620,000 276.4% 0.4%
Charles Schwab Bank, SSB $4,500,000 $8,475,000 88.3% 0.4%
UBS Bank USA $3,850,000 $7,315,000 90.0% 0.4%
PENNYMAC LOAN SERVICES, LLC $2,905,000 $6,945,000 139.1% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $4,545,000 $6,755,000 48.6% 0.3%
WALKER & DUNLOP, LLC $6,705,000 n/a 0.3%
U.S. Bank $5,155,000 $6,610,000 28.2% 0.3%
KeyBank $2,495,000 $6,570,000 163.3% 0.3%
J. VIRGIL, INC. $4,555,000 $6,455,000 41.7% 0.3%
Citizens Bank $6,475,000 $6,095,000 -5.9% 0.3%
MICHIGAN MUTUAL, INC. $8,135,000 $5,660,000 -30.4% 0.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,130,000 $5,430,000 31.5% 0.3%
GENISYS $4,755,000 $5,315,000 11.8% 0.3%
Stifel Bank and Trust $3,045,000 $5,295,000 73.9% 0.3%
LAKEVIEW LOAN SERVICING, LLC $2,900,000 $5,030,000 73.4% 0.2%
BROKER SOLUTIONS, INC. $4,715,000 $4,700,000 -0.3% 0.2%
MORTGAGE 1 INCORPORATED $5,600,000 $4,540,000 -18.9% 0.2%
Frankenmuth Credit Union $5,305,000 $4,485,000 -15.5% 0.2%
MID AMERICA MORTGAGE, INC. $14,950,000 $4,485,000 -70.0% 0.2%
Northpointe Bank $4,695,000 $4,345,000 -7.5% 0.2%
NAVY FEDERAL CREDIT UNION $4,560,000 $4,205,000 -7.8% 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,985,000 $4,105,000 37.5% 0.2%
Level One Bank $4,760,000 $4,005,000 -15.9% 0.2%
NEW DAY FINANCIAL, LLC $4,195,000 $3,990,000 -4.9% 0.2%
Old National Bank $9,510,000 $3,855,000 -59.5% 0.2%
The Dart Bank $3,120,000 $3,845,000 23.2% 0.2%
MORTGAGE CENTER L.C $4,100,000 $3,730,000 -9.0% 0.2%
CONSUMERS $3,130,000 $3,670,000 17.3% 0.2%
Neighborhood Loans, Inc. $4,420,000 $3,495,000 -20.9% 0.2%
FINANCE OF AMERICA MORTGAGE LLC $870,000 $3,395,000 290.2% 0.2%
DOW CHEMICAL EMPLOYEES' $4,085,000 $3,365,000 -17.6% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $3,520,000 $3,360,000 -4.5% 0.2%
Carrington Mortgage Services, LLC $1,980,000 $3,190,000 61.1% 0.2%
Bank of Ann Arbor $2,640,000 $3,180,000 20.5% 0.2%
KELLER MORTGAGE, LLC $4,775,000 $3,155,000 -33.9% 0.2%
MEMBER FIRST MORTGAGE, LLC $690,000 $3,130,000 353.6% 0.2%
NBKC BANK $3,000,000 $3,080,000 2.7% 0.2%
Comerica Bank $7,410,000 $3,050,000 -58.8% 0.2%
AMERICAN FINANCING CORPORATION $1,955,000 $2,945,000 50.6% 0.1%
BLUELEAF LENDING, LLC $4,385,000 $2,900,000 -33.9% 0.1%
MICHIGAN SCHOOLS AND GOVERNMENT $1,195,000 $2,810,000 135.1% 0.1%
USAA Federal Savings Bank $5,715,000 $2,750,000 -51.9% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $225,000 $2,745,000 1,120.0% 0.1%
CHURCHILL MORTGAGE CORPORATION $3,580,000 $2,740,000 -23.5% 0.1%
First Merchants Bank $710,000 $2,730,000 284.5% 0.1%
Wyndham Capital Mortgage, Inc. $1,730,000 $2,645,000 52.9% 0.1%
The State Bank $4,280,000 $2,640,000 -38.3% 0.1%
Nicolet National Bank $2,635,000 n/a 0.1%
REVERSE MORTGAGE FUNDING LLC $560,000 $2,625,000 368.8% 0.1%
TRIAD FINANCIAL SERVICES, INC. $1,080,000 $2,620,000 142.6% 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $2,530,000 n/a 0.1%
Horizon Bank $650,000 $2,400,000 269.2% 0.1%
AMERICAN INTERNET MORTGAGE, INC. $1,640,000 $2,280,000 39.0% 0.1%
Lake City Bank $2,260,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $1,310,000 $2,225,000 69.8% 0.1%
InterContinental Capital Group, Inc $830,000 $2,195,000 164.5% 0.1%
Chicago Mortgage Solutions LLC $480,000 $2,170,000 352.1% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $2,450,000 $2,160,000 -11.8% 0.1%
Wildfire Credit Union $1,080,000 $2,130,000 97.2% 0.1%
TIAA, FSB $390,000 $2,075,000 432.1% 0.1%
City National Bank $2,040,000 n/a 0.1%
Isabella Bank $4,165,000 $2,040,000 -51.0% 0.1%
UNIVERSITY LENDING GROUP, LLC $1,555,000 $1,995,000 28.3% 0.1%
RUOFF MORTGAGE COMPANY, INC. $3,790,000 $1,960,000 -48.3% 0.1%
United Bank $585,000 $1,920,000 228.2% 0.1%
Barrington Bank & Trust Company, N.A. $2,070,000 $1,910,000 -7.7% 0.1%
The Federal Savings Bank $835,000 $1,820,000 118.0% 0.1%
ROSS MORTGAGE CORPORATION $1,245,000 $1,815,000 45.8% 0.1%
ZILLOW HOME LOANS, LLC $990,000 $1,780,000 79.8% 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $2,160,000 $1,770,000 -18.1% 0.1%
NORTHERN MORTGAGE SERVICES, LLC $1,515,000 $1,710,000 12.9% 0.1%
Macatawa Bank $980,000 $1,645,000 67.9% 0.1%
Raymond James Bank $2,080,000 $1,645,000 -20.9% 0.1%
ELGA CREDIT UNION $500,000 $1,635,000 227.0% 0.1%
VAN DYK MORTGAGE CORPORATION $1,975,000 $1,630,000 -17.5% 0.1%
United Bank of Michigan $635,000 $1,625,000 155.9% 0.1%
CELEBRITY HOME LOANS, LLC $1,585,000 n/a 0.1%
ChoiceOne Bank $3,490,000 $1,565,000 -55.2% 0.1%
1st State Financial, Ltd. $2,125,000 $1,530,000 -28.0% 0.1%
1st Source Bank $2,100,000 $1,500,000 -28.6% 0.1%
COMMUNITY FINANCIAL CREDIT UNION $1,600,000 $1,500,000 -6.3% 0.1%
VILLAGE CAPITAL & INVESTMENT LLC $950,000 $1,485,000 56.3% 0.1%
HOMESIDE FINANCIAL, LLC $660,000 $1,480,000 124.2% 0.1%
Strong Home Mortgage, LLC $245,000 $1,465,000 498.0% 0.1%
AMERICAN ADVISORS GROUP $255,000 $1,430,000 460.8% 0.1%
Citibank $2,385,000 $1,420,000 -40.5% 0.1%
First Republic Bank $1,385,000 n/a 0.1%
DFCU FINANCIAL $2,410,000 $1,375,000 -42.9% 0.1%
County National Bank $1,555,000 $1,350,000 -13.2% 0.1%
LENDERFI, INC. $400,000 $1,330,000 232.5% 0.1%
Luxury Mortgage Corp. $390,000 $1,295,000 232.1% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $495,000 $1,260,000 154.5% 0.1%
UNITED $795,000 $1,195,000 50.3% 0.1%
CIBC Bank USA $1,685,000 $1,180,000 -30.0% 0.1%
LONGBRIDGE FINANCIAL, LLC $865,000 $1,180,000 36.4% 0.1%
North American Savings Bank, F.S.B. $2,100,000 $1,150,000 -45.2% 0.1%
Bank of England $1,300,000 $1,145,000 -11.9% 0.1%
Platinum Home Mortgage Corporation $2,115,000 $1,140,000 -46.1% 0.1%
Citizens Union Bank of Shelbyville $1,095,000 n/a 0.1%
Union Savings Bank $1,075,000 n/a 0.1%
CORNERSTONE HOME LENDING, INC. $1,060,000 n/a 0.1%
Farmers Bank & Trust $1,030,000 n/a 0.1%
Nations Lending Corporation $300,000 $1,025,000 241.7% 0.1%
First Federal Bank $1,150,000 $1,010,000 -12.2% 0.1%
OAK MORTGAGE, LLC $1,255,000 $1,005,000 -19.9% 0.0%
VIBE CREDIT UNION $210,000 $970,000 361.9% 0.0%
Watermark Capital, Inc. $530,000 $970,000 83.0% 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $455,000 $950,000 108.8% 0.0%
Baxter Credit Union $245,000 $930,000 279.6% 0.0%
Dearborn Federal Savings Bank $925,000 n/a 0.0%
Cf Bank $1,080,000 $920,000 -14.8% 0.0%
Kellogg Community Credit Union $515,000 $915,000 77.7% 0.0%
PLAZA HOME MORTGAGE, INC. $1,045,000 $890,000 -14.8% 0.0%
First Guaranty Mortgage Corporation $155,000 $870,000 461.3% 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $305,000 $870,000 185.2% 0.0%
Michigan Educational Credit Union $860,000 n/a 0.0%
ARBOR FINANCIAL CREDIT UNION $1,970,000 $855,000 -56.6% 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $125,000 $830,000 564.0% 0.0%
Grand River Bank $2,430,000 $820,000 -66.3% 0.0%
ROYAL UNITED MORTGAGE LLC $1,415,000 $800,000 -43.5% 0.0%
REDWOOD RESIDENTIAL ACQUISITION CORPORATION $795,000 n/a 0.0%
IMPAC MORTGAGE CORP. $790,000 n/a 0.0%
Dollar Bank, Federal Savings Bank $785,000 n/a 0.0%
Goldman Sachs Bank USA $2,640,000 $785,000 -70.3% 0.0%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $1,330,000 $770,000 -42.1% 0.0%
United Fidelity Funding Corp. $765,000 n/a 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $1,085,000 $760,000 -30.0% 0.0%
American Airlines Federal Credit Union $190,000 $750,000 294.7% 0.0%
Waterford Bank, N.A. $405,000 $750,000 85.2% 0.0%
TOWNE MORTGAGE COMPANY $515,000 $740,000 43.7% 0.0%
MIDWEST LOAN SOLUTIONS, INC. $580,000 $730,000 25.9% 0.0%
MORIA DEVELOPMENT, INC. $155,000 $730,000 371.0% 0.0%
West Town Bank & Trust $730,000 n/a 0.0%
TOP FLITE FINANCIAL, INC. $560,000 $720,000 28.6% 0.0%
HEALTH ADVANTAGE FEDERAL CREDIT UNION $830,000 $690,000 -16.9% 0.0%
HOMESTEAD FUNDING CORP. $820,000 $690,000 -15.9% 0.0%
MOVEMENT MORTGAGE, LLC $285,000 $685,000 140.4% 0.0%
SUCCESS MORTGAGE PARTNERS, INC. $1,570,000 $685,000 -56.4% 0.0%
Honor Credit Union $1,520,000 $680,000 -55.3% 0.0%
BlueOx Credit Union $670,000 n/a 0.0%
Sunflower Bank $1,465,000 $670,000 -54.3% 0.0%
Adventure Credit Union $745,000 $660,000 -11.4% 0.0%
American Mortgage & Equity Consultants, Inc. $660,000 n/a 0.0%
MICHIGAN FIRST CREDIT UNION $895,000 $660,000 -26.3% 0.0%
STEARNS LENDING, LLC $340,000 $655,000 92.6% 0.0%
LENOX FINANCIAL MORTGAGE CORPORATION $650,000 n/a 0.0%
BNY Mellon $745,000 $635,000 -14.8% 0.0%
THE ANDERSON FINANCIAL GROUP, INC. $635,000 n/a 0.0%
SUMMIT HOME MORTGAGE, LLC $95,000 $630,000 563.2% 0.0%
SUMMIT FUNDING, INC. $1,835,000 $625,000 -65.9% 0.0%
ACADEMY MORTGAGE CORPORATION $970,000 $620,000 -36.1% 0.0%
RELIANCE FIRST CAPITAL, LLC $330,000 $620,000 87.9% 0.0%
The North Salem State Bank $615,000 n/a 0.0%
FIRST COMMUNITY MORTGAGE, INC. $610,000 n/a 0.0%
ADVISORS CAPITAL, INC. $1,720,000 $590,000 -65.7% 0.0%
Third Federal Savings and Loan Association of Cleveland $575,000 n/a 0.0%
WesBanco Bank, Inc. $235,000 $575,000 144.7% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $1,105,000 $570,000 -48.4% 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $1,690,000 $570,000 -66.3% 0.0%
EMBRACE HOME LOANS, INC. $375,000 $565,000 50.7% 0.0%
First State Bank $1,705,000 $560,000 -67.2% 0.0%
EMM LOANS LLC $390,000 $545,000 39.7% 0.0%
First Horizon Bank $545,000 n/a 0.0%
The National Bank of Indianapolis $385,000 $545,000 41.6% 0.0%
Tri-County Bank $500,000 $545,000 9.0% 0.0%
Westfield Bank, FSB $545,000 n/a 0.0%
United Bay Community Credit Union $245,000 $540,000 120.4% 0.0%
CIBM Bank $195,000 $530,000 171.8% 0.0%
FIRST HERITAGE FINANCIAL, LLC $670,000 $530,000 -20.9% 0.0%
Gateway First Bank $530,000 n/a 0.0%
GUARANTEED RATE AFFINITY, LLC $165,000 $525,000 218.2% 0.0%
Ixonia Bank $520,000 n/a 0.0%
BNC National Bank $425,000 $515,000 21.2% 0.0%
CLEARPATH LENDING $400,000 $515,000 28.8% 0.0%
Discover Bank $325,000 $515,000 58.5% 0.0%
Preston Home Loans Inc $185,000 $515,000 178.4% 0.0%
The Old Fort Banking Company $505,000 n/a 0.0%
AmeriHome Mortgage Company, LLC $515,000 $495,000 -3.9% 0.0%
EVERETT FINANCIAL, INC. $4,795,000 $495,000 -89.7% 0.0%
Manufacturers and Traders Trust Company $495,000 n/a 0.0%
CMG MORTGAGE, INC. $440,000 $475,000 8.0% 0.0%
DAS Acquisition Company, LLC $470,000 n/a 0.0%
Renasant Bank $470,000 n/a 0.0%
ANGEL OAK HOME LOANS LLC $465,000 n/a 0.0%
Terre Haute Savings Bank $465,000 n/a 0.0%
PROPER RATE, LLC $1,250,000 $455,000 -63.6% 0.0%
NUMARK CREDIT UNION $450,000 n/a 0.0%
CALCON MUTUAL MORTGAGE LLC $235,000 $445,000 89.4% 0.0%
CONTOUR MORTGAGE CORPORATION $445,000 n/a 0.0%
PLANET HOME LENDING, LLC $420,000 $445,000 6.0% 0.0%
Prosperity Home Mortgage, LLC $445,000 n/a 0.0%
CHERRY CREEK MORTGAGE, LLC $2,010,000 $440,000 -78.1% 0.0%
CoVantage Credit Union $440,000 n/a 0.0%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $440,000 n/a 0.0%
St James Mortgage Corporation $1,030,000 $440,000 -57.3% 0.0%
SUN WEST MORTGAGE COMPANY, INC. $2,070,000 $440,000 -78.7% 0.0%
MMS MORTGAGE SERVICES, LTD. $765,000 $435,000 -43.1% 0.0%
First Federal Bank of the Midwest $430,000 n/a 0.0%
FIRST STATE MORTGAGE SERVICES, LLC $495,000 $425,000 -14.1% 0.0%
Hometown Lenders, Inc. $250,000 $410,000 64.0% 0.0%
First Farmers Bank and Trust Company $405,000 n/a 0.0%
United Nations Federal Credit Union $405,000 n/a 0.0%
Visio Financial Services Inc. $450,000 $395,000 -12.2% 0.0%
SOFI LENDING CORP. $520,000 $380,000 -26.9% 0.0%
21ST MORTGAGE CORPORATION $850,000 $370,000 -56.5% 0.0%
Atlantic Union Bank $355,000 n/a 0.0%
Countybank $355,000 n/a 0.0%
Prairie State Bank and Trust $515,000 $355,000 -31.1% 0.0%
S1L, Inc. $355,000 n/a 0.0%
First Savings Bank $375,000 $345,000 -8.0% 0.0%
Auto Club Trust, FSB $680,000 $340,000 -50.0% 0.0%
Paramount Residential Mortgage Group, Inc. $300,000 $340,000 13.3% 0.0%
DEPARTMENT OF COMMERCE $335,000 n/a 0.0%
JOLT CREDIT UNION $1,140,000 $335,000 -70.6% 0.0%
WINGS FINANCIAL $555,000 $330,000 -40.5% 0.0%
Solidarity Community Federal Credit Union $325,000 n/a 0.0%
The Central Trust Bank $325,000 n/a 0.0%
Toyota Financial Savings Bank $105,000 $325,000 209.5% 0.0%
UNITED MORTGAGE CORP. $375,000 $325,000 -13.3% 0.0%
Alerus Financial $315,000 n/a 0.0%
First Internet Bank of Indiana $295,000 $315,000 6.8% 0.0%
GUARANTY HOME MORTGAGE CORPORATION $1,865,000 $315,000 -83.1% 0.0%
Independent Bank $130,900,000 $315,000 -99.8% 0.0%
Sierra Pacific Mortgage Company, Inc. $315,000 n/a 0.0%
NATIONS DIRECT MORTGAGE, LLC $390,000 $310,000 -20.5% 0.0%
Community West Credit Union $245,000 $305,000 24.5% 0.0%
PHH Mortgage Corporation $895,000 $300,000 -66.5% 0.0%
HOMEOWNERS FINANCIAL GROUP USA, LLC $285,000 n/a 0.0%
MARSHALL COMMUNITY CREDIT UNION $215,000 $285,000 32.6% 0.0%
Ameris Bank $275,000 n/a 0.0%
CITY-COUNTY CREDIT UNION $275,000 n/a 0.0%
BAYSHORE MORTGAGE FUNDING, LLC $265,000 n/a 0.0%
Chicago Financial Services, Inc. $265,000 n/a 0.0%
Gold Coast Bank $265,000 n/a 0.0%
GUILD MORTGAGE COMPANY $265,000 n/a 0.0%
GENEVA FINANCIAL, LLC $260,000 n/a 0.0%
RESIDENTIAL BANCORP. $255,000 n/a 0.0%
HOMESITE MORTGAGE, LLC $245,000 n/a 0.0%
THRIVE MORTGAGE, LLC $245,000 n/a 0.0%
Truist Bank $1,045,000 $245,000 -76.6% 0.0%
Waterstone Mortgage Corporation $240,000 n/a 0.0%
Guardian Savings Bank, A Federal Savings Bank $235,000 n/a 0.0%
UNIVERSITY OF MICHIGAN CREDIT UNION $735,000 $235,000 -68.0% 0.0%
Dort Financial Credit Union $1,090,000 $230,000 -78.9% 0.0%
West Michigan Credit Union $815,000 $230,000 -71.8% 0.0%
INLAND BANK & TRUST $225,000 n/a 0.0%
LENDINGONE, LLC $225,000 n/a 0.0%
SIGNATURE MORTGAGE CORPORATION $235,000 $225,000 -4.3% 0.0%
STOCKTON MORTGAGE CORPORATION $105,000 $225,000 114.3% 0.0%
The Farmers National Bank of Canfield $375,000 $225,000 -40.0% 0.0%
A&D Mortgage LLC $215,000 n/a 0.0%
Farmers StateBank of Munith $215,000 n/a 0.0%
KS StateBank $720,000 $215,000 -70.1% 0.0%
LEADERONE FINANCIAL CORPORATION $1,260,000 $215,000 -82.9% 0.0%
PANORAMA MORTGAGE GROUP, LLC $215,000 n/a 0.0%
PLUS RELOCATION MORTGAGE, LLC $570,000 $215,000 -62.3% 0.0%
Texana Bank $215,000 n/a 0.0%
GREENWOOD $210,000 n/a 0.0%
CenterBank $205,000 n/a 0.0%
First National Bank of Brookfield $205,000 n/a 0.0%
Valley Central Bank $205,000 n/a 0.0%
Zeal Credit Union $205,000 n/a 0.0%
Colten Mortgage, LLC $195,000 n/a 0.0%
DEEPHAVEN MORTGAGE LLC $195,000 n/a 0.0%
First Home Bank $350,000 $195,000 -44.3% 0.0%
POLARIS HOME FUNDING CORP. $490,000 $195,000 -60.2% 0.0%
Figure Lending LLC $270,000 $190,000 -29.6% 0.0%
ACCELERATE MORTGAGE, LLC $185,000 n/a 0.0%
BOKF $295,000 $185,000 -37.3% 0.0%
ENVOY MORTGAGE, LTD $195,000 $185,000 -5.1% 0.0%
FINANCIAL PLUS CREDIT UNION $280,000 $175,000 -37.5% 0.0%
Hometown Equity Mortgage, LLC $175,000 n/a 0.0%
INTOUCH CREDIT UNION $175,000 n/a 0.0%
Plains Commerce Bank $175,000 n/a 0.0%
Oxford Bank & Trust $215,000 $170,000 -20.9% 0.0%
Colonial Savings, F.A. $165,000 n/a 0.0%
First Western Trust Bank $165,000 n/a 0.0%
Heartland Bank $165,000 n/a 0.0%
The State Bank and Trust Company $940,000 $165,000 -82.4% 0.0%
Three Rivers Federal Credit Union $345,000 $165,000 -52.2% 0.0%
Triumph Bank $770,000 $165,000 -78.6% 0.0%
Heartland Bank and Trust Company $155,000 n/a 0.0%
NP, Inc. $155,000 n/a 0.0%
ARC HOME LLC $145,000 n/a 0.0%
BLG HOLDINGS, INC. $795,000 $145,000 -81.8% 0.0%
FINANCE OF AMERICA COMMERCIAL LLC $385,000 $145,000 -62.3% 0.0%
ALLIANCE CATHOLIC CREDIT UNION $135,000 n/a 0.0%
CANOPY MORTGAGE, LLC $265,000 $135,000 -49.1% 0.0%
GVC MORTGAGE, INC. $135,000 n/a 0.0%
INLANTA MORTGAGE, INC. $1,100,000 $135,000 -87.7% 0.0%
Centier Bank $390,000 $130,000 -66.7% 0.0%
BM Real Estate Services, Inc. $125,000 n/a 0.0%
Citadel Servicing Corporation $485,000 $125,000 -74.2% 0.0%
LENDINGHOME FUNDING CORPORATION $305,000 $125,000 -59.0% 0.0%
SPRING EQ, LLC $125,000 n/a 0.0%
The Park National Bank $335,000 $125,000 -62.7% 0.0%
U S WIDE FINANCIAL LLC $125,000 n/a 0.0%
GERBER FEDERAL CREDIT UNION $115,000 n/a 0.0%
SOUTHWEST STAGE FUNDING, LLC $115,000 n/a 0.0%
ADVIA $200,000 $105,000 -47.5% 0.0%
Chartwell Financial, LLC $105,000 n/a 0.0%
T&I Credit union $105,000 n/a 0.0%
COMMUNITY CHOICE CREDIT UNION $140,000 $95,000 -32.1% 0.0%
Great Southern Bank $95,000 n/a 0.0%
MICHIGAN ONE COMMUNITY Credit Union $65,000 $85,000 30.8% 0.0%
Northstar Bank $75,000 $85,000 13.3% 0.0%
Wanigas Credit Union $525,000 $85,000 -83.8% 0.0%
INOVA FEDERAL CREDIT UNION $75,000 n/a 0.0%
LAFCU $55,000 n/a 0.0%
PREFERRED CREDIT UNION $165,000 $55,000 -66.7% 0.0%
STAR USA FEDERAL CREDIT UNION $35,000 n/a 0.0%

Traverse City's top lender by overall market share is The Huntington National Bank, with 11.4% market share. In second place, with 10.8%, is LAKE MICHIGAN CREDIT UNION, having originated $217,500,000 in loans. In third place, with 10.3%, is QUICKEN LOANS, LLC, having originated $207,335,000 in loans. In third place, with 7.0%, is Independent Bank, having originated $141,890,000 in loans. In third place, with 6.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $125,650,000 in loans.


Traverse City, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Refi 2,829 $675,175,000 $238,662
Home Purchase 2,229 $773,635,000 $347,077
Cash Out Refi 1,980 $453,540,000 $229,061
Home Improvement 390 $44,810,000 $114,897
Other 371 $68,665,000 $185,081

Traverse City's most frequently cited loan purpose was Refi, with 2,829 originations. The 2nd most popular reason was Home Purchase, with 2,229 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 3,212 $858,730,000 $267,351
3-4% 2,922 $721,480,000 $246,913
<2.5% 1,298 $377,440,000 $290,786
4-5% 202 $30,980,000 $153,366
5-6% 60 $13,480,000 $224,667
Over 8% 37 $2,365,000 $63,919
6-7% 21 $2,115,000 $100,714
7-8% 16 $980,000 $61,250

During 2021, Traverse City's most frequently originated rate bucket was 2.5-3%, with 3,212 originations.

Loan Sizing (Traverse City, MI MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 2,923 $798,955,000 $273,334
$100k-200k 2,762 $416,010,000 $150,619
$100,000 or less 1,011 $67,255,000 $66,523
$400k-600k 777 $374,325,000 $481,757
$600k-1000k 230 $173,770,000 $755,522
$Over $1MM 96 $185,510,000 $1,932,396

Traverse City's loan sizing saw the bucket of loans from $200k-400k with 2,923 originations, totaling $798,955,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 2,575 $803,945,000 $312,212
80-100% 1,832 $557,640,000 $304,389
40-60% 1,713 $403,305,000 $235,438
20-40% 964 $163,350,000 $169,450
Under 20% 476 $36,990,000 $77,710
Over 100% 29 $10,065,000 $347,069

Traverse City's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 2,575 originations, totaling $803,945,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Traverse City (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 $329,900 (4.1%) $467,837 (1.6%) 1.21 1,141
2018-02-01 $329,450 (5.4%) $470,023 (4.0%) 1.19 1,108
2018-03-01 $329,500 (4.6%) $466,547 (3.7%) 1.14 1,155
2018-04-01 $329,700 (6.7%) $473,199 (7.7%) 1.11 1,235
2018-05-01 $334,450 (9.7%) $478,238 (8.1%) 1.12 1,371
2018-06-01 $326,900 (3.1%) $469,404 (4.5%) 1.09 1,586
2018-07-01 $320,000 (-1.5%) $458,499 (0.0%) 1.07 1,745
2018-08-01 $319,900 (-1.6%) $457,497 (-2.6%) 1.07 1,769
2018-09-01 $315,000 (-3.1%) $456,053 (-1.1%) 1.05 1,746
2018-10-01 $311,450 (-4.9%) $456,467 (-1.8%) 1.04 1,692
2018-11-01 $316,950 (-4.5%) $463,660 (-2.4%) 1.06 1,596
2018-12-01 $319,900 (-5.2%) $476,072 (-0.5%) 1.10 1,392
2019-01-01 $316,900 (-3.9%) $475,600 (1.7%) 1.09 1,275
2019-02-01 $312,400 (-5.2%) $472,262 (0.5%) 1.05 1,233
2019-03-01 $323,246 (-1.9%) $477,437 (2.3%) 1.05 1,228
2019-04-01 $330,138 (0.1%) $479,727 (1.4%) 1.04 1,234
2019-05-01 $337,400 (0.9%) $487,318 (1.9%) 1.04 1,351
2019-06-01 $339,500 (3.9%) $496,243 (5.7%) 1.04 1,536
2019-07-01 $339,850 (6.2%) $500,321 (9.1%) 1.06 1,600
2019-08-01 $335,614 (4.9%) $499,264 (9.1%) 1.06 1,609
2019-09-01 $330,614 (5.0%) $494,120 (8.4%) 1.05 1,613
2019-10-01 $348,750 (12.0%) $512,329 (12.2%) 1.11 1,382
2019-11-01 $359,900 (13.6%) $532,978 (15.0%) 1.16 1,106
2019-12-01 $359,900 (12.5%) $542,194 (13.9%) 1.20 998
2020-01-01 $359,900 (13.6%) $547,819 (15.2%) 1.20 891
2020-02-01 $384,900 (23.2%) $570,503 (20.8%) 1.24 804
2020-03-01 $394,950 (22.2%) $570,860 (19.6%) 1.23 784
2020-04-01 $396,950 (20.2%) $571,024 (19.0%) 1.24 807
2020-05-01 $399,000 (18.3%) $585,184 (20.1%) 1.21 857
2020-06-01 $410,000 (20.8%) $600,532 (21.0%) 1.20 873
2020-07-01 $397,400 (16.9%) $615,947 (23.1%) 1.14 775
2020-08-01 $390,000 (16.2%) $620,086 (24.2%) 1.11 722
2020-09-01 $389,250 (17.7%) $623,629 (26.2%) 1.11 624
2020-10-01 $395,000 (13.3%) $650,827 (27.0%) 1.13 555
2020-11-01 $399,900 (11.1%) $676,370 (26.9%) 1.15 475
2020-12-01 $392,500 (9.1%) $676,020 (24.7%) 1.15 430
2021-01-01 $406,000 (12.8%) $621,643 (13.5%) 1.19 346
2021-02-01 $423,950 (10.2%) $668,069 (17.1%) 1.22 276
2021-03-01 $424,950 (7.6%) $703,182 (23.2%) 1.19 272
2021-04-01 $439,500 (10.7%) $726,748 (27.3%) 1.18 260
2021-05-01 $450,000 (12.8%) $723,577 (23.7%) 1.18 317
2021-06-01 $492,000 (20.0%) $764,530 (27.3%) 1.28 352
2021-07-01 $450,950 (13.5%) $740,591 (20.2%) 1.17 358
2021-08-01 $457,950 (17.4%) $742,036 (19.7%) 1.20 386
2021-09-01 $450,000 (15.6%) $746,622 (19.7%) 1.18 378
2021-10-01 $424,900 (7.6%) $727,159 (11.7%) 1.12 355
2021-11-01 $412,450 (3.1%) $749,596 (10.8%) 1.09 313
2021-12-01 $417,450 (6.4%) $770,770 (14.0%) 1.11 267
2022-01-01 $435,000 (7.1%) $813,185 (30.8%) 1.16 227
2022-02-01 $442,500 (4.4%) $837,659 (25.4%) 1.13 204
2022-03-01 $499,000 (17.4%) $912,454 (29.8%) 1.23 207
2022-04-01 $485,000 (10.4%) $918,464 (26.4%) 1.14 217
2022-05-01 $499,000 (10.9%) $897,011 (24.0%) 1.12 301
2022-06-01 $509,500 (3.6%) $896,202 (17.2%) 1.13 399
Traverse City's median listing price for 2022-06-01 was $509,500, a difference of $17,500 (3.6%) versus the prior year and $10,500 versus the prior month.

Traverse City's median listing price comes in at 113% of the national average.

Traverse City's average listing price for 2022-06-01 was $896,202, a difference of $131,672 (17.2%) versus the prior year and $-809 versus the prior month.

For the 2022-06-01 period, Traverse City had 399 MLS listings, a difference of 98 listings (33%) versus the prior month and 47 listings (13%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Traverse City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 138 days 1,723 sqft
2018-02-01 136 days 1,712 sqft
2018-03-01 143 days 1,741 sqft
2018-04-01 99 days 1,739 sqft
2018-05-01 68 days 1,772 sqft
2018-06-01 56 days 1,793 sqft
2018-07-01 63 days 1,777 sqft
2018-08-01 73 days 1,800 sqft
2018-09-01 84 days 1,808 sqft
2018-10-01 94 days 1,754 sqft
2018-11-01 102 days 1,739 sqft
2018-12-01 117 days 1,740 sqft
2019-01-01 129 days 1,698 sqft
2019-02-01 139 days 1,656 sqft
2019-03-01 140 days 1,649 sqft
2019-04-01 111 days 1,650 sqft
2019-05-01 70 days 1,683 sqft
2019-06-01 57 days 1,740 sqft
2019-07-01 61 days 1,726 sqft
2019-08-01 71 days 1,728 sqft
2019-09-01 74 days 1,728 sqft
2019-10-01 87 days 1,747 sqft
2019-11-01 102 days 1,768 sqft
2019-12-01 122 days 1,739 sqft
2020-01-01 138 days 1,679 sqft
2020-02-01 147 days 1,663 sqft
2020-03-01 119 days 1,672 sqft
2020-04-01 117 days 1,698 sqft
2020-05-01 109 days 1,762 sqft
2020-06-01 104 days 1,796 sqft
2020-07-01 75 days 1,935 sqft
2020-08-01 79 days 1,900 sqft
2020-09-01 86 days 1,850 sqft
2020-10-01 78 days 1,800 sqft
2020-11-01 80 days 1,668 sqft
2020-12-01 92 days 1,622 sqft
2021-01-01 109 days 1,621 sqft
2021-02-01 107 days 1,615 sqft
2021-03-01 64 days 1,642 sqft
2021-04-01 55 days 1,678 sqft
2021-05-01 45 days 1,720 sqft
2021-06-01 41 days 1,830 sqft
2021-07-01 44 days 1,811 sqft
2021-08-01 43 days 1,768 sqft
2021-09-01 44 days 1,776 sqft
2021-10-01 54 days 1,738 sqft
2021-11-01 61 days 1,723 sqft
2021-12-01 69 days 1,635 sqft
2022-01-01 70 days 1,560 sqft
2022-02-01 76 days 1,517 sqft
2022-03-01 65 days 1,517 sqft
2022-04-01 44 days 1,560 sqft
2022-05-01 34 days 1,684 sqft
2022-06-01 31 days 1,800 sqft
Traverse City's median listing age (time on market) for 2022-06-01 was 31 days. This is -23% shorter than the same period one year ago.

Traverse City's median square footage for active listings during the 2022-06-01 period was 1,800 sqft. One year prior, the average listing was 1,830 sqft.