Michigan Mutual Mortgage Rates, Fees & Info

PORT HURON, MI

LEI: 549300TK6RZQSFXZHV09

Tax ID: 38-3092473

4.2 stars - out of 5 stars, based on 93 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Michigan Mutual is a small mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Michigan Mutual has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Detroit, Los Angeles, Riverside, Phoenix, and Sacramento among others. We have data for 343 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Michigan Mutual 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. Michigan Mutual is typically an average 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.08% 11/26/22
    30 Year Conventional Refi 6.80% 11/26/22
    30 Year Cash-out Refi 7.00% 11/26/22
    30 Year FHA Purchase 8.02% 11/26/22
    30 Year FHA Refi 7.74% 11/26/22
    30 Year VA Purchase 7.01% 11/26/22
    30 Year VA Refi 6.59% 11/26/22
    30 Year USDA Purchase 7.23% 11/26/22
    30 Year USDA Refi 7.05% 11/26/22
    15 Year Conventional Purchase 6.36% 11/26/22
    15 Year Conventional Refi 6.21% 11/26/22
    15 Year Cash-out Refi 6.21% 11/26/22
    15 Year FHA Purchase 8.92% 11/26/22
    15 Year FHA Refi 7.44% 11/26/22
    15 Year VA Purchase 5.90% 11/26/22
    15 Year VA Refi 6.62% 11/26/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    8,669

    Origination Dollar Volume (All Markets)

    $2,320,545,000
    Show all (9) awards

    Relative Rate

    Michigan Mutual's average 30 year fixed mortgage rate was 3.13%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.02%.

    Relative Fees (Closing Costs)

    Michigan Mutual's average total fees/closing costs for a 30 year fixed rate mortgage were $5,588.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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) 2,047 $426,395,000 $208,302 $3,882 3.11%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 517 $238,965,000 $462,215 $6,081 2.85%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 389 $134,425,000 $345,566 $6,289 2.88%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 522 $132,470,000 $253,774 $4,989 3.11%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 298 $108,780,000 $365,034 $4,131 2.83%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 399 $104,705,000 $262,419 $7,647 3.20%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 221 $64,325,000 $291,063 $7,199 3.15%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 111 $61,265,000 $551,937 $4,290 2.73%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 163 $51,655,000 $316,902 $5,962 2.80%
    Outside of Metro Areas 243 $45,305,000 $186,440 $4,583 3.19%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 144 $43,300,000 $300,694 $7,434 3.07%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 79 $33,715,000 $426,772 $5,321 2.86%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 105 $33,565,000 $319,667 $7,959 3.19%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 150 $30,630,000 $204,200 $4,560 2.77%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 106 $29,760,000 $280,755 $7,071 3.05%
    BAKERSFIELD, CA (FHA|USDA|VA) 109 $29,015,000 $266,193 $6,861 3.12%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 68 $28,780,000 $423,235 $4,787 2.99%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 144 $26,020,000 $180,694 $3,752 2.92%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 41 $25,115,000 $612,561 $6,820 2.78%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 68 $22,960,000 $337,647 $5,791 2.89%
    ANN ARBOR, MI (FHA|USDA|VA) 86 $22,850,000 $265,698 $3,318 2.96%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 83 $22,145,000 $266,807 $8,642 3.18%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 87 $21,385,000 $245,805 $7,199 2.89%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 78 $20,510,000 $262,949 $6,040 3.10%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 62 $19,500,000 $314,516 $7,715 3.18%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 63 $18,435,000 $292,619 $9,572 3.12%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 69 $18,235,000 $264,275 $6,941 3.18%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 62 $17,610,000 $284,032 $6,303 3.15%
    Roswell, NM (FHA|USDA|VA) 67 $13,605,000 $203,060 $5,000 3.39%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 34 $13,510,000 $397,353 $5,111 2.89%
    LAFAYETTE, LA (FHA|USDA|VA) 63 $13,005,000 $206,429 $5,190 2.93%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 48 $12,630,000 $263,125 $4,197 2.99%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 81 $12,425,000 $153,395 $3,667 3.11%
    FLINT, MI (FHA|USDA|VA) 63 $10,935,000 $173,571 $4,493 3.17%
    Clovis, NM (FHA|USDA|VA) 61 $9,715,000 $159,262 $5,481 3.50%
    STATE COLLEGE, PA (FHA|USDA|VA) 42 $9,030,000 $215,000 $7,156 2.88%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 32 $9,000,000 $281,250 $7,667 3.14%
    GOLDSBORO, NC (FHA|USDA|VA) 41 $8,595,000 $209,634 $3,921 2.97%
    COLUMBUS, OH (FHA|USDA|VA) 31 $8,135,000 $262,419 $4,836 3.02%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 28 $7,840,000 $280,000 $5,161 2.92%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 28 $7,760,000 $277,143 $6,027 3.08%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 27 $7,695,000 $285,000 $6,925 3.28%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 25 $7,335,000 $293,400 $6,692 3.08%
    PITTSBURGH, PA (FHA|USDA|VA) 35 $7,115,000 $203,286 $5,407 3.04%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 20 $6,880,000 $344,000 $6,256 3.07%
    STOCKTON, CA (FHA|USDA|VA) 22 $6,660,000 $302,727 $4,783 2.89%
    GREEN BAY, WI (FHA|USDA|VA) 39 $6,615,000 $169,615 $3,775 3.50%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 16 $6,000,000 $375,000 $9,934 3.15%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 31 $5,905,000 $190,484 $4,557 3.19%
    JACKSONVILLE, FL (FHA|USDA|VA) 21 $5,865,000 $279,286 $6,257 3.28%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 24 $5,710,000 $237,917 $4,116 3.09%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 23 $5,695,000 $247,609 $4,281 3.03%
    Traverse City, MI (FHA|USDA|VA) 28 $5,660,000 $202,143 $3,782 3.12%
    FRESNO, CA (FHA|USDA|VA) 19 $5,335,000 $280,789 $4,881 2.93%
    FARMINGTON, NM (FHA|USDA|VA) 32 $5,290,000 $165,313 $5,735 3.51%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 23 $5,255,000 $228,478 $7,872 3.34%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 20 $4,500,000 $225,000 $6,518 3.31%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 8 $4,170,000 $521,250 $13,806 3.48%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 24 $3,990,000 $166,250 $4,600 3.10%
    PUNTA GORDA, FL (FHA|USDA|VA) 18 $3,930,000 $218,333 $6,310 3.19%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 18 $3,840,000 $213,333 $5,340 2.97%
    VALLEJO, CA (FHA|USDA|VA) 9 $3,755,000 $417,222 $4,950 2.87%
    FORT WAYNE, IN (FHA|USDA|VA) 20 $3,740,000 $187,000 $4,824 3.21%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 19 $3,625,000 $190,789 $4,724 2.96%
    BAY CITY, MI (FHA|USDA|VA) 32 $3,620,000 $113,125 $4,318 3.22%
    VISALIA, CA (FHA|USDA|VA) 13 $3,515,000 $270,385 $4,579 3.19%
    TUCSON, AZ (FHA|USDA|VA) 15 $3,515,000 $234,333 $4,939 3.27%
    SALINAS, CA (FHA|USDA|VA) 8 $3,510,000 $438,750 $4,785 2.83%
    MONROE, MI (FHA|USDA|VA) 17 $3,485,000 $205,000 $4,216 3.00%
    CHICO, CA (FHA|USDA|VA) 9 $3,395,000 $377,222 $7,596 3.01%
    Marquette, MI (FHA|USDA|VA) 19 $3,395,000 $178,684 $4,731 3.17%
    Cullman, AL (FHA|USDA|VA) 19 $3,325,000 $175,000 $5,377 2.96%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 10 $3,240,000 $324,000 $5,052 3.15%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 13 $3,155,000 $242,692 $9,218 3.31%
    OCALA, FL (FHA|USDA|VA) 14 $3,030,000 $216,429 $6,541 3.29%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 9 $2,945,000 $327,222 $5,026 3.08%
    Outside of Metro Areas 4 $2,930,000 $732,500 $15,167 3.13%
    Adrian, MI (FHA|USDA|VA) 16 $2,920,000 $182,500 $3,978 3.20%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 11 $2,895,000 $263,182 $4,730 3.06%
    READING, PA (FHA|USDA|VA) 15 $2,875,000 $191,667 $6,622 3.13%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 7 $2,775,000 $396,429 $14,165 3.00%
    MODESTO, CA (FHA|USDA|VA) 8 $2,720,000 $340,000 $6,384 2.94%
    GREELEY, CO (FHA|USDA|VA) 9 $2,715,000 $301,667 $5,511 2.94%
    JACKSON, MI (FHA|USDA|VA) 18 $2,680,000 $148,889 $3,831 3.37%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 7 $2,625,000 $375,000 $6,950 2.96%
    Key West, FL (FHA|USDA|VA) 6 $2,610,000 $435,000 $13,038 3.38%
    MONTGOMERY, AL (FHA|USDA|VA) 16 $2,610,000 $163,125 $2,631 3.31%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 5 $2,465,000 $493,000 $5,271 2.68%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 5 $2,355,000 $471,000 $5,371 2.85%
    Holland, MI (FHA|USDA|VA) 12 $2,320,000 $193,333 $3,722 3.03%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 11 $2,225,000 $202,273 $5,020 2.94%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 11 $2,175,000 $197,727 $8,012 3.08%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $2,155,000 $431,000 $7,202 3.25%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 10 $2,090,000 $209,000 $5,933 3.35%
    LYNCHBURG, VA (FHA|USDA|VA) 9 $2,085,000 $231,667 $5,922 2.91%
    Marinette, WI-MI (FHA|USDA|VA) 14 $2,080,000 $148,571 $3,506 3.28%
    BOULDER, CO (FHA|USDA|VA) 5 $1,985,000 $397,000 $7,231 2.93%
    EL CENTRO, CA (FHA|USDA|VA) 7 $1,935,000 $276,429 $6,284 2.96%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 8 $1,910,000 $238,750 $6,737 3.04%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 10 $1,880,000 $188,000 $4,987 3.19%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 10 $1,850,000 $185,000 $6,403 3.06%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 8 $1,850,000 $231,250 $5,594 3.23%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 5 $1,755,000 $351,000 $3,958 2.95%
    NAPA, CA (FHA|USDA|VA) 3 $1,725,000 $575,000 $6,065 2.79%
    SAGINAW, MI (FHA|USDA|VA) 9 $1,715,000 $190,556 $5,684 2.82%
    RICHMOND, VA (FHA|USDA|VA) 8 $1,700,000 $212,500 $5,201 3.03%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 9 $1,675,000 $186,111 $3,514 2.83%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 4 $1,590,000 $397,500 $3,902 2.66%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 5 $1,565,000 $313,000 $6,220 3.03%
    MERCED, CA (FHA|USDA|VA) 4 $1,530,000 $382,500 $11,070 2.91%
    BATTLE CREEK, MI (FHA|USDA|VA) 11 $1,515,000 $137,727 $3,859 2.86%
    KNOXVILLE, TN (FHA|USDA|VA) 7 $1,485,000 $212,143 $4,779 3.07%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 8 $1,460,000 $182,500 $5,158 3.23%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 6 $1,430,000 $238,333 $5,018 3.12%
    PANAMA CITY, FL (FHA|USDA|VA) 6 $1,430,000 $238,333 $6,781 3.44%
    MUSKEGON, MI (FHA|USDA|VA) 11 $1,425,000 $129,545 $3,535 3.07%
    Hobbs, NM (FHA|USDA|VA) 8 $1,420,000 $177,500 $5,525 3.66%
    GAINESVILLE, FL (FHA|USDA|VA) 8 $1,370,000 $171,250 $6,231 2.78%
    YORK-HANOVER, PA (FHA|USDA|VA) 6 $1,330,000 $221,667 $8,817 2.94%
    MADERA, CA (FHA|USDA|VA) 4 $1,330,000 $332,500 $6,138 3.00%
    JACKSON, MS (FHA|USDA|VA) 3 $1,265,000 $421,667 $7,754 3.13%
    Greenwood, MS (FHA|USDA|VA) 9 $1,265,000 $140,556 $4,554 2.88%
    Albemarle, NC (FHA|USDA|VA) 5 $1,255,000 $251,000 $4,724 3.13%
    APPLETON, WI (FHA|USDA|VA) 6 $1,240,000 $206,667 $4,420 3.25%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 5 $1,235,000 $247,000 $6,134 2.60%
    TALLAHASSEE, FL (FHA|USDA|VA) 3 $1,225,000 $408,333 $5,744 2.79%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 6 $1,220,000 $203,333 $6,598 2.56%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $1,205,000 $401,667 $5,607 3.16%
    YUBA CITY, CA (FHA|USDA|VA) 4 $1,200,000 $300,000 $3,613 2.78%
    MIDLAND, MI (FHA|USDA|VA) 7 $1,195,000 $170,714 $4,527 3.27%
    FORT COLLINS, CO (FHA|USDA|VA) 3 $1,185,000 $395,000 $3,468 3.29%
    RENO, NV (FHA|USDA|VA) 3 $1,185,000 $395,000 $6,556 3.13%
    Show Low, AZ (FHA|USDA|VA) 4 $1,170,000 $292,500 $6,261 3.03%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 5 $1,165,000 $233,000 $6,659 3.30%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 9 $1,165,000 $129,444 $3,855 3.15%
    Breckenridge, CO (FHA|USDA|VA) 3 $1,155,000 $385,000 $4,143 3.08%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 4 $1,140,000 $285,000 $4,877 3.13%
    BOISE CITY, ID (FHA|USDA|VA) 4 $1,120,000 $280,000 $4,119 2.75%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $1,055,000 $351,667 $6,457 2.67%
    FLAGSTAFF, AZ (FHA|USDA|VA) 4 $1,050,000 $262,500 $3,491 2.78%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 5 $1,005,000 $201,000 $5,475 2.80%
    REDDING, CA (FHA|USDA|VA) 3 $995,000 $331,667 $9,086 3.00%
    RALEIGH-CARY, NC (FHA|USDA|VA) 5 $995,000 $199,000 $6,017 3.02%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $990,000 $495,000 $3,667 2.81%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $990,000 $247,500 $4,817 3.28%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 5 $985,000 $197,000 $4,540 2.88%
    Angola, IN (FHA|USDA|VA) 4 $960,000 $240,000 $4,676 2.91%
    Augusta-Waterville, ME (FHA|USDA|VA) 5 $955,000 $191,000 $4,015 3.05%
    Warsaw, IN (FHA|USDA|VA) 5 $955,000 $191,000 $4,893 3.35%
    SALT LAKE CITY, UT (FHA|USDA|VA) 3 $955,000 $318,333 $6,576 2.50%
    OCEAN CITY, NJ (FHA|USDA|VA) 2 $910,000 $455,000 $15,026 3.25%
    SALISBURY, MD-DE (FHA|USDA|VA) 3 $865,000 $288,333 $4,938 3.54%
    Taos, NM (FHA|USDA|VA) 2 $860,000 $430,000 $8,696 3.81%
    PUEBLO, CO (FHA|USDA|VA) 3 $855,000 $285,000 $3,453 3.25%
    Ruidoso, NM (FHA|USDA|VA) 3 $845,000 $281,667 $3,661 2.75%
    Shawano, WI (FHA|USDA|VA) 8 $840,000 $105,000 $3,842 3.31%
    MADISON, WI (FHA|USDA|VA) 3 $835,000 $278,333 $2,302 3.38%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 5 $825,000 $165,000 $4,538 3.42%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 5 $825,000 $165,000 $5,351 2.97%
    HUNTSVILLE, AL (FHA|USDA|VA) 5 $815,000 $163,000 $4,070 2.80%
    NILES, MI (FHA|USDA|VA) 4 $810,000 $202,500 $5,349 3.53%
    Edwards, CO (FHA|USDA|VA) 2 $790,000 $395,000 $3,005 3.12%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 5 $755,000 $151,000 $4,102 3.22%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $755,000 $251,667 $6,467 3.33%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 4 $750,000 $187,500 $9,993 3.41%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 3 $745,000 $248,333 $5,935 3.38%
    Opelousas, LA (FHA|USDA|VA) 4 $740,000 $185,000 $8,020 2.94%
    BATON ROUGE, LA (FHA|USDA|VA) 4 $740,000 $185,000 $4,803 3.40%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $735,000 $245,000 $8,863 3.21%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $710,000 $355,000 $13,932 3.31%
    WILMINGTON, NC (FHA|USDA|VA) 2 $700,000 $350,000 $4,659 3.19%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $690,000 $345,000 $12,482 3.06%
    Big Rapids, MI (FHA|USDA|VA) 5 $685,000 $137,000 $3,164 2.70%
    WINSTON-SALEM, NC (FHA|USDA|VA) 3 $675,000 $225,000 $2,944 2.88%
    Coldwater, MI (FHA|USDA|VA) 3 $665,000 $221,667 $4,298 3.29%
    Payson, AZ (FHA|USDA|VA) 3 $665,000 $221,667 $4,885 2.83%
    CaƱon City, CO (FHA|USDA|VA) 2 $660,000 $330,000 $4,764 2.88%
    Wabash, IN (FHA|USDA|VA) 2 $660,000 $330,000 $6,129 3.13%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $660,000 $330,000 $7,123 3.75%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $655,000 $218,333 $7,097 3.21%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 2 $650,000 $325,000 $11,096 3.00%
    ALTOONA, PA (FHA|USDA|VA) 3 $635,000 $211,667 $4,363 2.71%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $635,000 $635,000 $4,203 3.50%
    Bedford, IN (FHA|USDA|VA) 3 $615,000 $205,000 $2,017 3.29%
    Mount Pleasant, MI (FHA|USDA|VA) 3 $575,000 $191,667 $3,810 3.04%
    Kendallville, IN (FHA|USDA|VA) 3 $565,000 $188,333 $4,946 3.25%
    Portales, NM (FHA|USDA|VA) 6 $550,000 $91,667 $3,459 3.67%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $530,000 $265,000 $7,189 3.06%
    OWENSBORO, KY (FHA|USDA|VA) 4 $520,000 $130,000 $4,815 2.72%
    ERIE, PA (FHA|USDA|VA) 4 $520,000 $130,000 $8,077 3.00%
    LUBBOCK, TX (FHA|USDA|VA) 3 $515,000 $171,667 $5,893 3.29%
    Heber, UT (FHA|USDA|VA) 1 $505,000 $505,000 $3,527 2.75%
    TYLER, TX (FHA|USDA|VA) 3 $505,000 $168,333 $7,174 3.13%
    Aberdeen, WA (FHA|USDA|VA) 2 $490,000 $245,000 $3,438 3.44%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $485,000 $485,000 $2,950 2.88%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $475,000 $158,333 $4,194 3.00%
    WENATCHEE, WA (FHA|USDA|VA) 2 $470,000 $235,000 $7,201 2.56%
    MOBILE, AL (FHA|USDA|VA) 2 $460,000 $230,000 $5,438 3.13%
    TULSA, OK (FHA|USDA|VA) 2 $460,000 $230,000 $4,013 3.25%
    TUSCALOOSA, AL (FHA|USDA|VA) 3 $445,000 $148,333 $4,129 2.83%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $440,000 $220,000 $5,856 3.19%
    Scottsboro, AL (FHA|USDA|VA) 2 $430,000 $215,000 $5,270 3.13%
    Alpena, MI (FHA|USDA|VA) 3 $425,000 $141,667 $2,297 3.37%
    EL PASO, TX (FHA|USDA|VA) 3 $415,000 $138,333 $3,813 3.88%
    DECATUR, AL (FHA|USDA|VA) 3 $415,000 $138,333 $4,559 3.17%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $410,000 $205,000 $3,395 3.25%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $410,000 $205,000 $7,708 3.31%
    Beaver Dam, WI (FHA|USDA|VA) 2 $410,000 $205,000 $4,612 3.50%
    Clewiston, FL (FHA|USDA|VA) 1 $405,000 $405,000 $5,640 3.63%
    EAU CLAIRE, WI (FHA|USDA|VA) 2 $400,000 $200,000 $5,208 3.94%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $395,000 $395,000 $5,542 3.25%
    SUMTER, SC (FHA|USDA|VA) 1 $395,000 $395,000 $6,937 3.13%
    RACINE, WI (FHA|USDA|VA) 1 $385,000 $385,000 $8,143 2.25%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $370,000 $185,000 $1,807 3.31%
    Gainesville, TX (FHA|USDA|VA) 1 $365,000 $365,000 $6,109 2.88%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $365,000 $365,000 $5,852 2.50%
    Fernley, NV (FHA|USDA|VA) 1 $365,000 $365,000 $4,884 3.00%
    Russellville, AR (FHA|USDA|VA) 1 $365,000 $365,000 $5,087 2.63%
    ALBUQUERQUE, NM (FHA|USDA|VA) 3 $345,000 $115,000 $3,397 3.46%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $340,000 $170,000 $2,323 3.63%
    Clinton, IA (FHA|USDA|VA) 3 $335,000 $111,667 $3,443 3.00%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $335,000 $335,000 $4,444 2.00%
    Ukiah, CA (FHA|USDA|VA) 1 $335,000 $335,000 $4,313 2.63%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $325,000 $325,000 $4,401 3.88%
    Auburn, IN (FHA|USDA|VA) 1 $325,000 $325,000 $8,744 2.88%
    Easton, MD (FHA|USDA|VA) 1 $325,000 $325,000 $16,140 2.63%
    LONGVIEW, TX (FHA|USDA|VA) 2 $320,000 $160,000 $7,521 3.38%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $315,000 $315,000 $11,775 3.38%
    MIDLAND, TX (FHA|USDA|VA) 1 $315,000 $315,000 $17,612 3.63%
    WICHITA FALLS, TX (FHA|USDA|VA) 2 $310,000 $155,000 $9,717 3.25%
    Kerrville, TX (FHA|USDA|VA) 1 $305,000 $305,000 $9,079 4.38%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $305,000 $305,000 $8,297 3.38%
    COLUMBIA, MO (FHA|USDA|VA) 2 $300,000 $150,000 $2,110 4.13%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $295,000 $295,000 $7,380 2.75%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $295,000 $295,000 $2,100 3.38%
    Bucyrus-Galion, OH (FHA|USDA|VA) 1 $295,000 $295,000 $9,165 2.88%
    BEND, OR (FHA|USDA|VA) 1 $295,000 $295,000 $5,473 2.63%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 2 $290,000 $145,000 $4,288 2.88%
    Morehead City, NC (FHA|USDA|VA) 2 $290,000 $145,000 $2,611 2.87%
    Cadillac, MI (FHA|USDA|VA) 2 $290,000 $145,000 $4,040 3.69%
    Starkville, MS (FHA|USDA|VA) 1 $285,000 $285,000 $6,659 2.75%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $285,000 $285,000 $7,440 2.88%
    Vernal, UT (FHA|USDA|VA) 1 $275,000 $275,000 $7,116 3.00%
    Palatka, FL (FHA|USDA|VA) 1 $275,000 $275,000 $11,228 3.25%
    Raymondville, TX (FHA|USDA|VA) 1 $265,000 $265,000 $5,224 3.25%
    Eagle Pass, TX (FHA|USDA|VA) 1 $265,000 $265,000 $11,123 3.50%
    CORVALLIS, OR (FHA|USDA|VA) 1 $265,000 $265,000 $3,996 2.88%
    COLUMBIA, SC (FHA|USDA|VA) 1 $265,000 $265,000 $3,999 2.75%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 3 $265,000 $88,333 $2,527 2.63%
    Salem, OH (FHA|USDA|VA) 2 $260,000 $130,000 $3,581 3.13%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $255,000 $255,000 $6,690 3.25%
    Brenham, TX (FHA|USDA|VA) 1 $255,000 $255,000 $15,066 3.00%
    Alamogordo, NM (FHA|USDA|VA) 1 $255,000 $255,000 $5,655 3.25%
    BELLINGHAM, WA (FHA|USDA|VA) 1 $255,000 $255,000 $2,101 2.75%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $255,000 $255,000 $9,649 2.99%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 2 $250,000 $125,000 $4,250 3.50%
    ROANOKE, VA (FHA|USDA|VA) 2 $250,000 $125,000 $2,996 2.38%
    TOLEDO, OH (FHA|USDA|VA) 2 $250,000 $125,000 $4,194 2.94%
    LIMA, OH (FHA|USDA|VA) 2 $250,000 $125,000 $2,795 2.81%
    Sault Ste. Marie, MI (FHA|USDA|VA) 3 $245,000 $81,667 $4,323 3.50%
    Lock Haven, PA (FHA|USDA|VA) 1 $245,000 $245,000 $11,866 3.38%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $245,000 $245,000 $2,823 2.63%
    BANGOR, ME (FHA|USDA|VA) 1 $245,000 $245,000 $3,007 3.25%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $245,000 $245,000 $12,122 3.50%
    AKRON, OH (FHA|USDA|VA) 2 $240,000 $120,000 $4,730 3.38%
    Batesville, AR (FHA|USDA|VA) 1 $235,000 $235,000 $11,570 2.50%
    Cornelia, GA (FHA|USDA|VA) 1 $235,000 $235,000 $6,689 2.99%
    Jacksonville, TX (FHA|USDA|VA) 1 $225,000 $225,000 $7,908 2.63%
    Lake City, FL (FHA|USDA|VA) 1 $225,000 $225,000 $9,514 2.63%
    Crescent City, CA (FHA|USDA|VA) 1 $215,000 $215,000 $2,989 2.99%
    Bellefontaine, OH (FHA|USDA|VA) 1 $215,000 $215,000 $6,679 3.50%
    Marion, NC (FHA|USDA|VA) 1 $215,000 $215,000 $8,340 2.38%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $215,000 $215,000 $10,230 3.00%
    Owatonna, MN (FHA|USDA|VA) 1 $205,000 $205,000 $2,308 3.75%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $205,000 $205,000 $3,206 3.13%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $200,000 $100,000 $2,053 2.88%
    Escanaba, MI (FHA|USDA|VA) 1 $195,000 $195,000 $3,401 3.00%
    Shelton, WA (FHA|USDA|VA) 1 $195,000 $195,000 $2,945 3.25%
    Mount Airy, NC (FHA|USDA|VA) 1 $195,000 $195,000 $4,053 2.75%
    CHARLESTON, WV (FHA|USDA|VA) 1 $195,000 $195,000 $7,967 3.50%
    Calhoun, GA (FHA|USDA|VA) 1 $185,000 $185,000 $5,699 2.75%
    ROCHESTER, MN (FHA|USDA|VA) 1 $185,000 $185,000 $6,526 2.88%
    ROCKFORD, IL (FHA|USDA|VA) 1 $185,000 $185,000 $3,027 3.88%
    Bardstown, KY (FHA|USDA|VA) 1 $185,000 $185,000 $3,709 3.13%
    Milledgeville, GA (FHA|USDA|VA) 1 $185,000 $185,000 $4,317 3.25%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $185,000 $185,000 $4,596 2.88%
    Corsicana, TX (FHA|USDA|VA) 1 $185,000 $185,000 $4,215 2.25%
    Lewistown, PA (FHA|USDA|VA) 2 $180,000 $90,000 $5,786 3.06%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $175,000 $175,000 $3,125 4.00%
    WACO, TX (FHA|USDA|VA) 1 $175,000 $175,000 $7,720 4.13%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $175,000 $175,000 $8,456 3.13%
    YUMA, AZ (FHA|USDA|VA) 1 $175,000 $175,000 $4,275 3.13%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $165,000 $165,000 $5,394 2.99%
    Palestine, TX (FHA|USDA|VA) 2 $160,000 $80,000 $5,176 3.63%
    Hillsdale, MI (FHA|USDA|VA) 2 $160,000 $80,000 $3,057 3.94%
    LANCASTER, PA (FHA|USDA|VA) 1 $155,000 $155,000 $6,186 3.00%
    Ludington, MI (FHA|USDA|VA) 1 $155,000 $155,000 $3,767 3.25%
    Chillicothe, OH (FHA|USDA|VA) 1 $155,000 $155,000 $3,124 3.13%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $155,000 $155,000 $2,187 2.00%
    Ottawa, IL (FHA|USDA|VA) 1 $155,000 $155,000 $5,686 3.88%
    Alma, MI (FHA|USDA|VA) 1 $155,000 $155,000 $4,546 2.88%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $155,000 $155,000 $4,165 2.99%
    Union, SC (FHA|USDA|VA) 1 $145,000 $145,000 $3,141 3.50%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $145,000 $145,000 $1,557 2.99%
    Roseburg, OR (FHA|USDA|VA) 1 $145,000 $145,000 $9,027 3.75%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $145,000 $145,000 $3,954 2.88%
    Crawfordsville, IN (FHA|USDA|VA) 1 $145,000 $145,000 $5,547 2.75%
    Athens, TX (FHA|USDA|VA) 1 $135,000 $135,000 $5,181 2.75%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $135,000 $135,000 $4,315 2.88%
    DuBois, PA (FHA|USDA|VA) 1 $135,000 $135,000 $8,018 2.50%
    Houghton, MI (FHA|USDA|VA) 1 $135,000 $135,000 $1,477 4.13%
    Okeechobee, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,784 3.75%
    Sayre, PA (FHA|USDA|VA) 1 $125,000 $125,000 $4,722 3.75%
    Arcadia, FL (FHA|USDA|VA) 1 $125,000 $125,000 $5,681 3.50%
    GADSDEN, AL (FHA|USDA|VA) 1 $125,000 $125,000 $3,406 2.75%
    Selma, AL (FHA|USDA|VA) 1 $125,000 $125,000 $1,515 3.13%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $125,000 $125,000 $2,804 2.99%
    Brownwood, TX (FHA|USDA|VA) 1 $125,000 $125,000 $8,010 3.63%
    Nacogdoches, TX (FHA|USDA|VA) 1 $125,000 $125,000 $5,878 3.13%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $125,000 $125,000 $3,673 2.50%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $115,000 $115,000 $2,683 2.25%
    St. Marys, PA (FHA|USDA|VA) 1 $115,000 $115,000 $7,005 2.75%
    Findlay, OH (FHA|USDA|VA) 1 $115,000 $115,000 $3,228 3.75%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $115,000 $115,000 $5,853 2.75%
    Paris, TX (FHA|USDA|VA) 1 $105,000 $105,000 $5,492 2.25%
    Fergus Falls, MN (FHA|USDA|VA) 1 $105,000 $105,000 $2,570 3.38%
    LAREDO, TX (FHA|USDA|VA) 1 $105,000 $105,000 $6,609 3.63%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $105,000 $105,000 $2,898 2.99%
    Manitowoc, WI (FHA|USDA|VA) 1 $105,000 $105,000 $3,183 3.25%
    Granbury, TX (FHA|USDA|VA) 1 $95,000 $95,000 $5,655 4.63%
    Morgan City, LA (FHA|USDA|VA) 1 $95,000 $95,000 $3,270 3.00%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $85,000 $85,000 $2,396 3.25%
    Meadville, PA (FHA|USDA|VA) 1 $85,000 $85,000 $7,282 3.38%
    Celina, OH (FHA|USDA|VA) 1 $85,000 $85,000 $5,785 2.25%
    Somerset, KY (FHA|USDA|VA) 1 $85,000 $85,000 $2,891 3.50%
    Thomaston, GA (FHA|USDA|VA) 1 $85,000 $85,000 $4,029 2.88%
    NEW BERN, NC (FHA|USDA|VA) 1 $75,000 $75,000 $3,694 3.25%
    Ashtabula, OH (FHA|USDA|VA) 1 $75,000 $75,000 $4,038 3.63%
    Greensburg, IN (FHA|USDA|VA) 1 $75,000 $75,000 $2,361 4.38%
    Huntington, IN (FHA|USDA|VA) 1 $65,000 $65,000 $2,589 3.13%
    Indiana, PA (FHA|USDA|VA) 1 $65,000 $65,000 $4,610 3.63%
    Bluefield, WV-VA (FHA|USDA|VA) 1 $55,000 $55,000 $3,238 3.38%
    TEXARKANA, TX-AR (FHA|USDA|VA) 1 $55,000 $55,000 $4,922 3.88%
    Michigan Mutual's top markets include Detroit, Los Angeles, Riverside, Phoenix, and Sacramento among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

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

    Monterey Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6,999 $1,928,575,000 $275,550 $4,730 3.02%
    FHA 1,230 $278,100,000 $226,098 $8,359 3.26%
    VA 276 $82,260,000 $298,043 $6,644 3.05%
    USDA 164 $31,610,000 $192,744 $5,943 2.97%

    For 2021, Michigan Mutual's most frequently originated type of loan was Conventional, with 6,999 originations. Their 2nd most popular type was FHA, with 1,230 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,783 $970,675,000 $256,589 $6,081 3.15%
    Refi 3,004 $840,660,000 $279,847 $4,533 2.88%
    Cash Out Refi 1,882 $509,210,000 $270,569 $5,086 3.16%

    For 2021, Michigan Mutual's most frequently cited loan purpose was Home Purchase, with 3,783 originations. The 2nd most popular reason was Refi, with 3,004 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 7,384 $2,027,250,000 $274,546 $5,588 3.13%
    15 Year 814 $183,010,000 $224,828 $3,836 2.55%
    20 Year 241 $59,235,000 $245,788 $3,920 2.90%
    Other 132 $33,100,000 $250,758 $4,304 2.83%
    10 Year 92 $17,890,000 $194,457 $3,173 2.38%
    3 Year 6 $60,000 $10,000 $0 0.00%

    For 2021, Michigan Mutual's most frequently cited loan duration was 30 Year, with 7,384 originations. The 2nd most popular length was 15 Year, with 814 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,645 $724,405,000 $273,877
    $<1k 2,156 $488,890,000 $226,758
    $2k-3k 1,382 $316,930,000 $229,327
    $5k+ 1,063 $410,665,000 $386,326
    $3k-4k 845 $213,645,000 $252,834
    $4k-5k 578 $166,010,000 $287,215

    Michigan Mutual's average total fees were $5,588, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,645 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 3,671 $1,073,975,000 $292,557
    3-4% 3,639 $895,055,000 $245,962
    <2.5% 1,067 $291,885,000 $273,557
    4-5% 288 $59,610,000 $206,979
    5-6% 4 $20,000 $5,000

    During 2021, Michigan Mutual's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,671 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,782 $1,063,490,000 $281,198 $5,893 3.06%
    $100k-200k 2,872 $440,690,000 $153,444 $4,187 3.15%
    $400k-600k 1,199 $578,885,000 $482,807 $6,641 2.95%
    $100,000 or less 554 $38,100,000 $68,773 $2,836 2.87%
    $600k-1MM 246 $178,450,000 $725,407 $8,396 2.89%
    $1MM+ 16 $20,930,000 $1,308,125 $17,510 3.00%

    2021 saw Michigan Mutual place emphasis on $200k-400k loans with 3,782 originations, totaling $1,063,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 2,158 $447,630,000 $207,428 $5,065 3.10%
    $100k-150k 1,806 $581,740,000 $322,115 $5,568 3.02%
    $50k or less 1,588 $245,270,000 $154,452 $4,512 3.12%
    $75k-100k 1,544 $398,460,000 $258,070 $5,483 3.08%
    $150k-250k 1,125 $445,785,000 $396,253 $5,988 2.95%
    $250k+ 408 $192,590,000 $472,034 $6,593 2.96%

    Michigan Mutual lent most frequently to those with incomes in the $50k-75k range, with 2,158 originations. The second most popular income band? $100k-150k, with 1,806 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,651 $429,025,000 $259,858 $4,657 2.99%
    30-36% 1,599 $431,875,000 $270,091 $4,950 3.04%
    <20% 554 $137,970,000 $249,043 $4,059 2.87%
    44% 456 $127,350,000 $279,276 $5,891 3.10%
    43% 412 $112,240,000 $272,427 $5,645 3.13%
    50-60% 356 $94,200,000 $264,607 $9,110 3.17%
    40% 351 $97,695,000 $278,333 $5,376 3.11%
    41% 350 $94,180,000 $269,086 $5,515 3.08%
    42% 325 $90,875,000 $279,615 $5,914 3.12%
    39% 310 $82,410,000 $265,839 $5,283 3.13%
    36% 300 $82,470,000 $274,900 $4,921 3.08%
    37% 291 $76,865,000 $264,141 $5,060 3.09%
    38% 285 $76,705,000 $269,140 $5,436 3.11%
    45% 284 $74,890,000 $263,697 $5,604 3.14%
    49% 279 $79,435,000 $284,713 $5,897 3.12%
    46% 273 $72,605,000 $265,952 $5,828 3.05%
    47% 245 $65,485,000 $267,286 $5,952 3.12%
    48% 245 $67,745,000 $276,510 $5,636 3.06%
    >60% 10 $3,650,000 $365,000 $6,108 2.99%

    Michigan Mutual lent most frequently to those with DTI ratios of 20-30%, with 1,651 originations. The next most common DTI ratio? 30-36%, with 1,599 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,129 $1,597,095,000 $260,580 $5,154 3.05%
    Not provided 1,633 $467,865,000 $286,506 $5,554 3.09%
    Asian 451 $142,185,000 $315,266 $5,614 2.84%
    Black 420 $101,930,000 $242,690 $6,541 3.21%
    American Indian 20 $6,030,000 $301,500 $7,953 3.08%
    Native Hawaiian or Islander 7 $2,635,000 $376,429 $7,712 3.03%
    Japanese 2 $1,080,000 $540,000 $4,338 2.81%
    Other Asian 2 $510,000 $255,000 $4,271 2.87%
    Asian Indian 2 $480,000 $240,000 $3,806 2.63%
    Korean 1 $395,000 $395,000 $12,644 2.88%
    Filipino 1 $245,000 $245,000 $3,126 2.50%
    Native Hawaiian 1 $95,000 $95,000 $3,389 3.63%

    Approval Rates

    Total approvals of all applications
    94.65%

    Michigan Mutual has an average approval rate.

    Pick Rate

    Approvals leading to origination
    61.82%

    Michigan Mutual has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,669 $2,320,545,000 $267,683

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    8,669 $2,320,545,000 $267,683

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 441 $100,585,000 $228,084 $3,868 2.76%
    40-60% 1,393 $382,775,000 $274,785 $4,113 2.84%
    60-80% 3,135 $902,735,000 $287,954 $5,078 3.10%
    80-100% 3,438 $886,230,000 $257,775 $6,194 3.21%
    Over 100% 107 $31,635,000 $295,654 $10,999 3.11%
    Under 20% 132 $10,480,000 $79,394 $1,538 1.22%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Michigan Mutual, Inc. Conventional home mortgage Closing on a mortgage 3 42.9%
    Michigan Mutual, Inc. Conventional home mortgage Trouble during payment process 2 28.6%
    Michigan Mutual, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%
    Michigan Mutual, Inc. Other type of mortgage Closing on a mortgage 1 14.3%