Huron Valley Financial Mortgage Rates, Fees & Info

Ann Arbor, MI

LEI: 549300BDPT33E7B2CD57

Tax ID: 38-3365241

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Huron Valley Financial is a smaller mortgage company specializing in Home Purchase loans. Huron Valley Financial has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Detroit, Ann Arbor, Philadelphia, Flint, and Grand Rapids among others. We have data for 57 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Huron Valley Financial has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Huron Valley Financial is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    1,550

    Origination Dollar Volume (All Markets)

    $310,360,000

    Awards

    Huron Valley Financial 30 Year Conventional Loans bronze Huron Valley Financial FHA Loans gold
    Show all (2) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 747 $147,335,000 $197,236 $3,912 4.73%
    ANN ARBOR, MI (FHA|USDA|VA) 231 $52,435,000 $226,991 $3,396 4.60%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 194 $45,160,000 $232,784 $6,197 4.70%
    FLINT, MI (FHA|USDA|VA) 44 $8,000,000 $181,818 $3,868 4.72%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 46 $7,970,000 $173,261 $3,629 4.71%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 39 $5,655,000 $145,000 $3,966 4.69%
    MONROE, MI (FHA|USDA|VA) 30 $5,090,000 $169,667 $3,933 4.85%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 20 $4,140,000 $207,000 $3,975 4.54%
    TOLEDO, OH (FHA|USDA|VA) 27 $3,015,000 $111,667 $4,911 5.00%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 15 $2,715,000 $181,000 $3,102 4.54%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 9 $2,535,000 $281,667 $5,175 4.58%
    Outside of Metro Areas 17 $2,185,000 $128,529 $3,597 4.90%
    JACKSON, MI (FHA|USDA|VA) 14 $1,830,000 $130,714 $3,953 4.60%
    Adrian, MI (FHA|USDA|VA) 11 $1,755,000 $159,545 $4,384 4.73%
    DOVER, DE (FHA|USDA|VA) 6 $1,460,000 $243,333 $5,268 4.38%
    COLUMBUS, OH (FHA|USDA|VA) 7 $1,125,000 $160,714 $5,006 4.89%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $1,110,000 $277,500 $5,379 4.91%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 5 $1,085,000 $217,000 $4,374 5.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 5 $995,000 $199,000 $5,283 4.35%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $970,000 $485,000 $5,195 4.88%
    READING, PA (FHA|USDA|VA) 5 $945,000 $189,000 $5,435 4.40%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $940,000 $235,000 $6,127 4.78%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $925,000 $185,000 $4,591 4.87%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $870,000 $217,500 $5,207 3.91%
    MUSKEGON, MI (FHA|USDA|VA) 6 $820,000 $136,667 $3,656 4.90%
    Traverse City, MI (FHA|USDA|VA) 3 $735,000 $245,000 $2,075 4.79%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $700,000 $350,000 $9,699 4.69%
    NILES, MI (FHA|USDA|VA) 3 $665,000 $221,667 $3,386 4.63%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $640,000 $320,000 $4,969 4.28%
    BATTLE CREEK, MI (FHA|USDA|VA) 4 $610,000 $152,500 $3,840 4.75%
    OCEAN CITY, NJ (FHA|USDA|VA) 3 $535,000 $178,333 $2,996 4.17%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $455,000 $455,000 $5,317 4.50%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $380,000 $190,000 $5,236 4.25%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $335,000 $335,000 $0 4.99%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 3 $315,000 $105,000 $3,054 4.92%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $310,000 $155,000 $0 4.71%
    Jefferson, GA (FHA|USDA|VA) 1 $305,000 $305,000 $7,052 4.88%
    Alma, MI (FHA|USDA|VA) 3 $305,000 $101,667 $3,408 4.83%
    Cadillac, MI (FHA|USDA|VA) 2 $290,000 $145,000 $5,090 4.37%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $10,621 4.88%
    MIDLAND, MI (FHA|USDA|VA) 2 $270,000 $135,000 $3,601 5.13%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $240,000 $120,000 $3,796 3.94%
    Houghton, MI (FHA|USDA|VA) 1 $215,000 $215,000 $3,921 3.75%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,345 4.99%
    Charleston-Mattoon, IL (FHA|USDA|VA) 2 $190,000 $95,000 $2,946 4.56%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $185,000 $185,000 $2,101 4.63%
    SAGINAW, MI (FHA|USDA|VA) 1 $155,000 $155,000 $4,145 4.99%
    BAY CITY, MI (FHA|USDA|VA) 1 $145,000 $145,000 $2,864 4.75%
    Big Rapids, MI (FHA|USDA|VA) 1 $145,000 $145,000 $4,081 5.38%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $115,000 $115,000 $4,579 3.88%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.25%
    Okeechobee, FL (FHA|USDA|VA) 1 $95,000 $95,000 $3,981 4.50%
    Marion, OH (FHA|USDA|VA) 1 $85,000 $85,000 $2,765 5.25%
    Sandusky, OH (FHA|USDA|VA) 1 $85,000 $85,000 $5,094 4.25%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $75,000 $75,000 $2,270 4.63%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $65,000 $65,000 $3,271 4.88%
    Tiffin, OH (FHA|USDA|VA) 1 $65,000 $65,000 $4,475 4.88%
    Huron Valley Financial's top markets include Detroit, Ann Arbor, Philadelphia, Flint, and Grand Rapids among others.

    Their top states include:
  • Michigan (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Huron Valley Financial based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    UNITED
    Similarity Rank: 28
    Polish-American Federal Credit Union
    Similarity Rank: 32
    First Federal Savings and Loan Association of Delta
    Similarity Rank: 48
    JEEP COUNTRY
    Similarity Rank: 52
    Iron Workers Savings Bank
    Similarity Rank: 63
    Liberty Bank for Savings
    Similarity Rank: 104
    Haddon Savings Bank
    Similarity Rank: 116
    St James Mortgage Corporation
    Similarity Rank: 120
    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 126
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 135

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,196 $245,130,000 $204,958 $3,651 4.71%
    FHA 254 $44,080,000 $173,543 $6,123 4.69%
    VA 50 $12,570,000 $251,400 $5,902 4.62%
    USDA 45 $7,585,000 $168,556 $5,099 4.67%
    FHA 5 $995,000 $199,000 $0 4.74%

    For 2018, Huron Valley Financial's most frequently originated type of loan was Conventional, with 1,196 originations. Their 2nd most popular type was FHA, with 254 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,197 $242,575,000 $202,652 $4,288 4.71%
    Cash Out Refi 210 $41,280,000 $196,571 $3,939 4.77%
    Refi 126 $23,720,000 $188,254 $3,587 4.48%
    Other 17 $2,785,000 $163,824 $3,271 4.85%

    For 2018, Huron Valley Financial's most frequently cited loan purpose was Home Purchase, with 1,197 originations. The 2nd most popular reason was Cash Out Refi, with 210 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,349 $272,295,000 $201,850 $4,253 4.78%
    15 Year 167 $32,985,000 $197,515 $3,684 4.09%
    20 Year 19 $2,745,000 $144,474 $3,368 4.64%
    Other 8 $1,440,000 $180,000 $3,176 4.84%
    10 Year 7 $895,000 $127,857 $2,995 4.18%

    For 2018, Huron Valley Financial's most frequently cited loan duration was 30 Year, with 1,349 originations. The 2nd most popular length was 15 Year, with 167 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 899 $173,655,000 $193,165
    $<1k 260 $51,910,000 $199,654
    $2k-3k 234 $45,340,000 $193,761
    $3k-4k 75 $16,015,000 $213,533
    $5k+ 41 $13,425,000 $327,439
    $4k-5k 36 $9,020,000 $250,556

    Huron Valley Financial's average total fees were $4,253, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 899 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,086 $220,430,000 $202,974
    5-6% 314 $56,380,000 $179,554
    3-4% 146 $32,980,000 $225,890
    2.5-3% 2 $290,000 $145,000
    6-7% 2 $280,000 $140,000

    During 2018, Huron Valley Financial's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 4-5%, with 1,086 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 677 $101,985,000 $150,643 $3,906 4.70%
    $200k-400k 602 $161,850,000 $268,854 $4,720 4.66%
    $100,000 or less 201 $15,295,000 $76,095 $3,100 4.90%
    $400k-600k 68 $29,930,000 $440,147 $4,994 4.53%
    $600k-1MM 2 $1,300,000 $650,000 $9,990 4.69%

    2018 saw Huron Valley Financial place emphasis on $100k-200k loans with 677 originations, totaling $101,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 424 $77,390,000 $182,524 $4,282 4.71%
    $50k or less 391 $51,115,000 $130,729 $3,832 4.77%
    $75k-100k 286 $62,470,000 $218,427 $4,471 4.70%
    $100k-150k 257 $64,465,000 $250,837 $4,120 4.63%
    $150k-250k 146 $41,170,000 $281,986 $4,251 4.63%
    $250k+ 39 $11,995,000 $307,564 $4,527 4.60%

    Huron Valley Financial lent most frequently to those with incomes in the $50k-75k range, with 424 originations. The second most popular income band? $50k or less, with 391 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 298 $58,640,000 $196,779 $3,879 4.68%
    20-30% 256 $49,110,000 $191,836 $3,866 4.65%
    49% 84 $16,560,000 $197,143 $4,071 4.80%
    50-60% 80 $17,190,000 $214,875 $6,639 4.60%
    42% 76 $14,630,000 $192,500 $4,054 4.70%
    38% 69 $15,495,000 $224,565 $3,909 4.67%
    48% 65 $14,065,000 $216,385 $4,039 4.79%
    <20% 64 $11,320,000 $176,875 $3,481 4.53%
    37% 64 $11,390,000 $177,969 $3,789 4.74%
    41% 63 $12,625,000 $200,397 $4,449 4.76%
    43% 63 $13,065,000 $207,381 $4,236 4.80%
    39% 61 $12,905,000 $211,557 $4,235 4.70%
    45% 54 $11,700,000 $216,667 $4,509 4.78%
    47% 52 $11,200,000 $215,385 $4,015 4.66%
    36% 52 $11,090,000 $213,269 $4,326 4.82%
    46% 49 $9,805,000 $200,102 $4,268 4.68%
    44% 47 $9,615,000 $204,574 $4,479 4.84%
    40% 46 $8,590,000 $186,739 $4,705 4.82%
    >60% 1 $215,000 $215,000 $0 3.75%

    Huron Valley Financial lent most frequently to those with DTI ratios of 30-36%, with 298 originations. The next most common DTI ratio? 20-30%, with 256 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,186 $233,020,000 $196,476 $4,272 4.72%
    Asian 230 $52,670,000 $229,000 $3,607 4.56%
    Black 95 $16,025,000 $168,684 $4,544 4.82%
    Not provided 35 $7,645,000 $218,429 $3,581 4.81%
    American Indian 2 $520,000 $260,000 $4,006 4.69%
    Chinese 1 $255,000 $255,000 $5,283 5.75%
    Other Pacific Islander 1 $225,000 $225,000 $2,435 4.50%

    Approval Rates

    Total approvals of all applications
    96.69%

    Huron Valley Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    76.32%

    Huron Valley Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,550 $310,360,000 $200,232

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $180,000 $90,000
    Single Family (1-4 Units):Site-Built 1,548 $310,180,000 $200,375

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $4,180,000 $130,625 $3,076 4.53%
    40-60% 105 $18,625,000 $177,381 $3,316 4.60%
    60-80% 504 $104,360,000 $207,063 $3,672 4.69%
    80-100% 897 $180,505,000 $201,232 $4,537 4.73%
    Over 100% 11 $2,615,000 $237,727 $8,587 4.68%
    Under 20% 1 $75,000 $75,000 $2,751 4.13%