Michigan Mutual Mortgage Rates, Fees & Info

PORT HURON, MI

LEI: 549300TK6RZQSFXZHV09

Tax ID: 38-3092473

4.24 stars - out of 5 stars, based on 103 reviews

2020 Data | 2019 Data | 2018 Data


Overview

Michigan Mutual is a small mortgage company specializing in Refi and Home Purchase 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 include Warren, Los Angeles, Anaheim, Phoenix, and Riverside among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Michigan Mutual is typically an average fee lendor.


Originations

10,588

Origination Dollar Volume (All Markets)

$2,923,830,000
Show all (10) awards

Relative Rate

Michigan Mutual 's average 30 year fixed rate mortgage of loans were 3.26%.

The 2020 average 30 year fixed rate mortgage across all markets of loans were 3.36%.

This yields a difference of -0.1%.

Relative Fees

Michigan Mutual 's average total fees for a 30 year fixed rate mortgage are $5,554.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
WARREN-TROY-FARMINGTON HILLS, MI (FHA|USDA|VA) 2,131 $457,245,000 $214,568 $3,762 3.19%
LOS ANGELES-LONG BEACH-GLENDALE, CA (FHA|USDA|VA) 690 $289,280,000 $419,246 $5,792 3.11%
ANAHEIM-SANTA ANA-IRVINE, CA (FHA|USDA|VA) 488 $221,460,000 $453,811 $5,157 3.06%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 696 $165,060,000 $237,155 $4,843 3.07%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 472 $156,290,000 $331,123 $6,257 3.21%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 486 $122,970,000 $253,025 $7,747 3.41%
Outside of Metro Areas 581 $110,065,000 $189,441 $4,735 3.30%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 259 $103,095,000 $398,050 $4,394 3.06%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 228 $82,590,000 $362,237 $4,129 3.18%
DETROIT-DEARBORN-LIVONIA, MI (FHA|USDA|VA) 379 $77,495,000 $204,472 $3,787 3.23%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 170 $58,110,000 $341,824 $5,868 3.03%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 123 $50,585,000 $411,260 $4,629 3.15%
FORT WORTH-ARLINGTON-GRAPEVINE, TX (FHA|USDA|VA) 170 $47,490,000 $279,353 $6,555 3.25%
OAKLAND-BERKELEY-LIVERMORE, CA (FHA|USDA|VA) 95 $43,415,000 $457,000 $5,518 3.15%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV (FHA|USDA|VA) 123 $41,645,000 $338,577 $9,430 3.20%
ANN ARBOR, MI (FHA|USDA|VA) 154 $39,780,000 $258,312 $3,186 3.00%
CHICAGO-NAPERVILLE-EVANSTON, IL (FHA|USDA|VA) 140 $37,730,000 $269,500 $6,469 3.23%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 160 $36,640,000 $229,000 $7,735 3.27%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 173 $32,275,000 $186,561 $3,773 3.06%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 64 $31,650,000 $494,531 $4,288 3.19%
BAKERSFIELD, CA (FHA|USDA|VA) 125 $30,815,000 $246,520 $6,456 3.51%
DALLAS-PLANO-IRVING, TX (FHA|USDA|VA) 99 $28,955,000 $292,475 $7,023 3.40%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 94 $26,420,000 $281,064 $8,038 3.18%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ (FHA|USDA|VA) 68 $25,760,000 $378,824 $7,725 3.28%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 82 $23,400,000 $285,366 $8,705 3.47%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 86 $21,890,000 $254,535 $4,669 3.44%
MIAMI-MIAMI BEACH-KENDALL, FL (FHA|USDA|VA) 64 $19,810,000 $309,531 $8,285 3.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 61 $15,045,000 $246,639 $6,218 3.25%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 85 $14,915,000 $175,471 $4,892 3.40%
NEWARK, NJ-PA (FHA|USDA|VA) 44 $14,810,000 $336,591 $7,181 3.12%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL (FHA|USDA|VA) 46 $14,010,000 $304,565 $7,917 3.28%
STOCKTON, CA (FHA|USDA|VA) 43 $13,955,000 $324,535 $6,414 3.34%
NEW BRUNSWICK-LAKEWOOD, NJ (FHA|USDA|VA) 44 $13,900,000 $315,909 $5,390 3.12%
COLORADO SPRINGS, CO (FHA|USDA|VA) 43 $13,575,000 $315,698 $5,400 3.23%
SEATTLE-BELLEVUE-KENT, WA (FHA|USDA|VA) 33 $13,335,000 $404,091 $5,259 3.03%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL (FHA|USDA|VA) 38 $11,190,000 $294,474 $7,501 3.29%
FLINT, MI (FHA|USDA|VA) 56 $10,970,000 $195,893 $4,090 3.24%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 33 $10,785,000 $326,818 $7,008 3.26%
GREEN BAY, WI (FHA|USDA|VA) 52 $9,730,000 $187,115 $3,106 3.41%
COLUMBUS, OH (FHA|USDA|VA) 36 $9,690,000 $269,167 $4,897 3.15%
NORTH PORT-SARASOTA-BRADENTON, FL (FHA|USDA|VA) 36 $9,330,000 $259,167 $7,191 3.32%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA (FHA|USDA|VA) 19 $9,045,000 $476,053 $5,065 3.09%
ST. LOUIS, MO-IL (FHA|USDA|VA) 38 $8,880,000 $233,684 $4,404 3.07%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 38 $8,760,000 $230,526 $8,553 3.27%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 59 $8,665,000 $146,864 $3,902 3.11%
STATE COLLEGE, PA (FHA|USDA|VA) 35 $8,205,000 $234,429 $8,168 3.03%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 43 $7,805,000 $181,512 $5,474 3.13%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 29 $7,115,000 $245,345 $6,912 3.34%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA (FHA|USDA|VA) 23 $6,995,000 $304,130 $7,744 2.97%
PHILADELPHIA, PA (FHA|USDA|VA) 32 $6,820,000 $213,125 $6,852 3.21%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 27 $6,755,000 $250,185 $5,793 3.38%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 13 $6,745,000 $518,846 $4,333 3.33%
LAKE COUNTY-KENOSHA COUNTY, IL-WI (FHA|USDA|VA) 25 $6,685,000 $267,400 $7,054 3.24%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD (FHA|USDA|VA) 15 $6,245,000 $416,333 $11,311 3.05%
TUCSON, AZ (FHA|USDA|VA) 26 $6,220,000 $239,231 $3,052 3.10%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 32 $6,190,000 $193,438 $5,315 3.38%
JACKSONVILLE, FL (FHA|USDA|VA) 24 $6,060,000 $252,500 $6,918 3.39%
SALINAS, CA (FHA|USDA|VA) 15 $5,995,000 $399,667 $7,018 3.04%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 21 $5,695,000 $271,190 $4,987 3.17%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 21 $5,665,000 $269,762 $4,889 3.41%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 24 $5,620,000 $234,167 $8,065 3.39%
VALLEJO, CA (FHA|USDA|VA) 12 $5,360,000 $446,667 $6,940 3.13%
ELGIN, IL (FHA|USDA|VA) 24 $5,220,000 $217,500 $6,061 3.24%
CORPUS CHRISTI, TX (FHA|USDA|VA) 20 $5,050,000 $252,500 $5,957 3.59%
FRESNO, CA (FHA|USDA|VA) 20 $5,020,000 $251,000 $5,621 3.41%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 20 $4,970,000 $248,500 $5,338 3.02%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 22 $4,940,000 $224,545 $7,365 3.47%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 12 $4,780,000 $398,333 $6,154 3.18%
ALBUQUERQUE, NM (FHA|USDA|VA) 21 $4,695,000 $223,571 $4,371 3.36%
PORT ST. LUCIE, FL (FHA|USDA|VA) 16 $4,170,000 $260,625 $9,090 3.18%
TULSA, OK (FHA|USDA|VA) 27 $4,095,000 $151,667 $6,265 3.84%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 13 $4,005,000 $308,077 $8,982 3.20%
GREELEY, CO (FHA|USDA|VA) 11 $3,955,000 $359,545 $7,280 3.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 13 $3,585,000 $275,769 $8,605 3.57%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 7 $3,505,000 $500,714 $7,943 2.98%
JACKSON, MI (FHA|USDA|VA) 16 $3,360,000 $210,000 $3,422 3.24%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 18 $3,300,000 $183,333 $3,529 3.16%
MONTGOMERY, AL (FHA|USDA|VA) 19 $3,215,000 $169,211 $3,573 3.55%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 14 $3,210,000 $229,286 $6,211 3.15%
FORT WAYNE, IN (FHA|USDA|VA) 18 $3,160,000 $175,556 $4,128 3.88%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 15 $3,145,000 $209,667 $7,314 3.24%
COEUR D'ALENE, ID (FHA|USDA|VA) 8 $3,080,000 $385,000 $7,602 3.09%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 11 $3,035,000 $275,909 $4,736 2.99%
FARMINGTON, NM (FHA|USDA|VA) 18 $2,960,000 $164,444 $5,143 3.07%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 13 $2,745,000 $211,154 $7,359 3.55%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 14 $2,740,000 $195,714 $6,202 3.23%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 12 $2,720,000 $226,667 $4,718 2.70%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 15 $2,695,000 $179,667 $5,418 3.20%
MODESTO, CA (FHA|USDA|VA) 8 $2,670,000 $333,750 $4,498 3.16%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 7 $2,655,000 $379,286 $9,671 2.84%
LAFAYETTE, LA (FHA|USDA|VA) 10 $2,600,000 $260,000 $6,342 3.52%
LOGAN, UT-ID (FHA|USDA|VA) 9 $2,435,000 $270,556 $4,204 3.16%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 8 $2,260,000 $282,500 $5,133 3.08%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 14 $2,260,000 $161,429 $5,632 3.27%
VISALIA, CA (FHA|USDA|VA) 9 $2,235,000 $248,333 $5,021 3.28%
FLAGSTAFF, AZ (FHA|USDA|VA) 8 $2,200,000 $275,000 $4,822 2.73%
PUNTA GORDA, FL (FHA|USDA|VA) 11 $2,195,000 $199,545 $5,091 3.58%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 11 $2,185,000 $198,636 $7,715 3.27%
CAMDEN, NJ (FHA|USDA|VA) 9 $2,175,000 $241,667 $4,909 3.35%
SEBASTIAN-VERO BEACH, FL (FHA|USDA|VA) 9 $2,115,000 $235,000 $6,601 3.19%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 7 $2,105,000 $300,714 $4,048 3.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 10 $2,090,000 $209,000 $4,394 3.44%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 7 $2,085,000 $297,857 $6,928 3.16%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 6 $2,030,000 $338,333 $7,153 3.35%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 10 $2,010,000 $201,000 $4,722 3.29%
PITTSBURGH, PA (FHA|USDA|VA) 12 $2,000,000 $166,667 $5,519 3.44%
KANSAS CITY, MO-KS (FHA|USDA|VA) 8 $1,980,000 $247,500 $5,268 3.14%
TYLER, TX (FHA|USDA|VA) 9 $1,895,000 $210,556 $5,475 3.19%
TACOMA-LAKEWOOD, WA (FHA|USDA|VA) 5 $1,855,000 $371,000 $6,434 3.42%
SAN RAFAEL, CA (FHA|USDA|VA) 4 $1,730,000 $432,500 $2,928 3.19%
MONROE, MI (FHA|USDA|VA) 11 $1,695,000 $154,091 $3,700 2.96%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 9 $1,665,000 $185,000 $6,098 3.07%
AMARILLO, TX (FHA|USDA|VA) 7 $1,655,000 $236,429 $8,162 3.84%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 12 $1,650,000 $137,500 $5,478 3.60%
CHICO, CA (FHA|USDA|VA) 5 $1,625,000 $325,000 $4,338 3.27%
GARY, IN (FHA|USDA|VA) 9 $1,625,000 $180,556 $5,005 3.35%
SAGINAW, MI (FHA|USDA|VA) 10 $1,620,000 $162,000 $5,100 3.41%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 5 $1,545,000 $309,000 $5,859 3.10%
GOLDSBORO, NC (FHA|USDA|VA) 8 $1,520,000 $190,000 $5,895 3.31%
SALT LAKE CITY, UT (FHA|USDA|VA) 5 $1,485,000 $297,000 $6,129 2.70%
BOULDER, CO (FHA|USDA|VA) 3 $1,435,000 $478,333 $11,455 2.92%
BATTLE CREEK, MI (FHA|USDA|VA) 10 $1,330,000 $133,000 $4,540 3.26%
TALLAHASSEE, FL (FHA|USDA|VA) 6 $1,300,000 $216,667 $5,013 3.40%
MADERA, CA (FHA|USDA|VA) 5 $1,295,000 $259,000 $5,453 3.13%
PROVO-OREM, UT (FHA|USDA|VA) 4 $1,270,000 $317,500 $4,689 3.19%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 5 $1,265,000 $253,000 $4,942 2.73%
MIDLAND, MI (FHA|USDA|VA) 6 $1,240,000 $206,667 $4,283 3.21%
NAPA, CA (FHA|USDA|VA) 3 $1,225,000 $408,333 $3,683 3.00%
OCALA, FL (FHA|USDA|VA) 7 $1,155,000 $165,000 $6,094 3.54%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $1,125,000 $225,000 $6,214 3.25%
READING, PA (FHA|USDA|VA) 6 $1,080,000 $180,000 $7,106 3.38%
REDDING, CA (FHA|USDA|VA) 3 $1,065,000 $355,000 $6,075 3.33%
LONGVIEW, TX (FHA|USDA|VA) 5 $1,055,000 $211,000 $4,594 3.68%
MUSKEGON, MI (FHA|USDA|VA) 8 $1,010,000 $126,250 $4,907 3.86%
LUBBOCK, TX (FHA|USDA|VA) 5 $995,000 $199,000 $8,582 2.85%
SALISBURY, MD-DE (FHA|USDA|VA) 4 $950,000 $237,500 $5,647 3.28%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 8 $940,000 $117,500 $3,555 3.48%
FORT COLLINS, CO (FHA|USDA|VA) 3 $915,000 $305,000 $3,217 3.29%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 6 $910,000 $151,667 $6,168 3.65%
ST. GEORGE, UT (FHA|USDA|VA) 3 $905,000 $301,667 $5,662 3.96%
YORK-HANOVER, PA (FHA|USDA|VA) 4 $900,000 $225,000 $6,484 3.19%
MERCED, CA (FHA|USDA|VA) 3 $895,000 $298,333 $8,595 3.08%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 5 $875,000 $175,000 $4,924 3.35%
YUBA CITY, CA (FHA|USDA|VA) 3 $865,000 $288,333 $4,131 3.12%
GAINESVILLE, FL (FHA|USDA|VA) 5 $865,000 $173,000 $6,653 3.88%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $860,000 $430,000 $9,478 2.93%
BELLINGHAM, WA (FHA|USDA|VA) 2 $830,000 $415,000 $5,350 2.75%
MADISON, WI (FHA|USDA|VA) 3 $825,000 $275,000 $4,839 3.92%
WILMINGTON, DE-MD-NJ (FHA|USDA|VA) 3 $805,000 $268,333 $8,357 2.83%
NILES, MI (FHA|USDA|VA) 3 $765,000 $255,000 $2,807 3.21%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 4 $760,000 $190,000 $9,383 3.62%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 5 $745,000 $149,000 $6,535 2.95%
BAY CITY, MI (FHA|USDA|VA) 10 $740,000 $74,000 $2,839 2.86%
KNOXVILLE, TN (FHA|USDA|VA) 2 $730,000 $365,000 $15,107 3.38%
AKRON, OH (FHA|USDA|VA) 2 $710,000 $355,000 $7,975 2.94%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 3 $705,000 $235,000 $6,815 3.50%
BOISE CITY, ID (FHA|USDA|VA) 2 $700,000 $350,000 $5,451 2.69%
EL CENTRO, CA (FHA|USDA|VA) 3 $695,000 $231,667 $4,674 2.91%
THE VILLAGES, FL (FHA|USDA|VA) 3 $655,000 $218,333 $4,806 3.33%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $650,000 $325,000 $4,136 2.63%
APPLETON, WI (FHA|USDA|VA) 3 $615,000 $205,000 $6,137 3.38%
BLOOMINGTON, IN (FHA|USDA|VA) 4 $610,000 $152,500 $5,231 3.81%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $600,000 $300,000 $4,593 2.75%
EL PASO, TX (FHA|USDA|VA) 2 $580,000 $290,000 $6,164 3.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $570,000 $285,000 $2,899 2.75%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $560,000 $280,000 $6,856 3.31%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $520,000 $260,000 $11,853 3.19%
RICHMOND, VA (FHA|USDA|VA) 2 $520,000 $260,000 $3,567 2.63%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $515,000 $515,000 $2,570 2.50%
WENATCHEE, WA (FHA|USDA|VA) 1 $515,000 $515,000 $4,796 3.00%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 3 $505,000 $168,333 $4,590 2.38%
WILMINGTON, NC (FHA|USDA|VA) 2 $490,000 $245,000 $5,154 3.43%
MIDLAND, TX (FHA|USDA|VA) 1 $485,000 $485,000 $6,544 3.50%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $485,000 $485,000 $4,095 3.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $475,000 $475,000 $5,761 3.38%
WACO, TX (FHA|USDA|VA) 2 $450,000 $225,000 $4,784 3.50%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $445,000 $445,000 $3,800 3.50%
WICHITA FALLS, TX (FHA|USDA|VA) 3 $445,000 $148,333 $4,615 3.96%
DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $440,000 $110,000 $5,311 3.16%
SAVANNAH, GA (FHA|USDA|VA) 2 $430,000 $215,000 $9,156 3.38%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 2 $420,000 $210,000 $3,038 3.38%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $405,000 $405,000 $8,986 2.63%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $390,000 $195,000 $6,284 2.25%
RACINE, WI (FHA|USDA|VA) 1 $385,000 $385,000 $9,177 3.25%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $380,000 $190,000 $5,977 3.31%
PUEBLO, CO (FHA|USDA|VA) 2 $370,000 $185,000 $2,987 3.19%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $360,000 $180,000 $6,657 2.81%
JACKSON, MS (FHA|USDA|VA) 1 $355,000 $355,000 $5,782 2.63%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $350,000 $175,000 $9,338 2.88%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $345,000 $345,000 $5,976 2.75%
Outside of Metro Areas 1 $345,000 $345,000 $3,886 3.13%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $335,000 $335,000 $6,605 3.13%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $320,000 $160,000 $7,571 4.06%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $315,000 $315,000 $6,688 4.25%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $315,000 $315,000 $12,309 3.63%
BEND, OR (FHA|USDA|VA) 1 $305,000 $305,000 $5,172 3.13%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $300,000 $150,000 $4,156 3.31%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $295,000 $295,000 $14,176 3.25%
ODESSA, TX (FHA|USDA|VA) 1 $295,000 $295,000 $3,013 2.88%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 2 $290,000 $145,000 $5,153 3.38%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $280,000 $140,000 $4,049 3.44%
ROANOKE, VA (FHA|USDA|VA) 1 $275,000 $275,000 $5,434 2.63%
DUBUQUE, IA (FHA|USDA|VA) 1 $265,000 $265,000 $5,262 3.13%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $265,000 $265,000 $8,762 3.38%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $255,000 $255,000 $5,395 3.13%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $240,000 $120,000 $5,614 2.94%
PANAMA CITY, FL (FHA|USDA|VA) 1 $235,000 $235,000 $4,062 2.75%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $225,000 $225,000 $4,037 2.38%
LAS CRUCES, NM (FHA|USDA|VA) 1 $225,000 $225,000 $3,522 2.88%
ERIE, PA (FHA|USDA|VA) 2 $220,000 $110,000 $5,222 3.00%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 2 $220,000 $110,000 $2,932 3.44%
TOLEDO, OH (FHA|USDA|VA) 1 $215,000 $215,000 $2,773 3.38%
COLUMBUS, IN (FHA|USDA|VA) 1 $215,000 $215,000 $3,424 3.13%
LIMA, OH (FHA|USDA|VA) 2 $210,000 $105,000 $2,521 3.25%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $205,000 $205,000 $4,777 2.50%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $195,000 $195,000 $11,067 2.88%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $195,000 $195,000 $5,234 2.50%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $185,000 $185,000 $4,625 3.38%
MONROE, LA (FHA|USDA|VA) 1 $185,000 $185,000 $6,522 4.50%
MOBILE, AL (FHA|USDA|VA) 1 $175,000 $175,000 $5,519 3.25%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $175,000 $175,000 $3,185 2.63%
OWENSBORO, KY (FHA|USDA|VA) 1 $175,000 $175,000 $6,102 3.88%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $165,000 $165,000 $8,162 3.25%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $145,000 $145,000 $2,503 3.50%
DALTON, GA (FHA|USDA|VA) 1 $145,000 $145,000 $2,233 3.13%
DECATUR, AL (FHA|USDA|VA) 1 $145,000 $145,000 $4,849 3.00%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $135,000 $135,000 $10,115 2.88%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $135,000 $135,000 $5,004 3.50%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $135,000 $135,000 $2,674 4.25%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $135,000 $135,000 $4,711 3.00%
GAINESVILLE, GA (FHA|USDA|VA) 1 $125,000 $125,000 $6,515 2.75%
GETTYSBURG, PA (FHA|USDA|VA) 1 $105,000 $105,000 $3,040 3.25%
DOVER, DE (FHA|USDA|VA) 1 $105,000 $105,000 $4,989 2.63%

Michigan Mutual 's top markets include Warren, Los Angeles, Anaheim, Phoenix, and Riverside among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 8,512 $2,426,760,000 $285,099 $4,637 3.16%
FHA 1,373 $306,935,000 $223,551 $8,856 3.49%
VA 476 $148,920,000 $312,857 $6,234 3.17%
USDA 227 $41,215,000 $181,564 $6,233 3.26%

For the 2020 period, Michigan Mutual 's most frequently originated loan type of loans were Conventional, with 8,512 originations. Their 2nd most popular type is FHA, with 1,373 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 4,770 $1,447,130,000 $303,382 $4,429 3.09%
Home Purchase 3,910 $927,550,000 $237,225 $6,381 3.31%
Cash Out Refi 1,907 $548,795,000 $287,779 $5,205 3.29%
Home Improvement 1 $355,000 $355,000 $6,973 3.25%

For the 2020, Michigan Mutual 's most frequently cited loan purpose of loans were Refi, with 4,770 originations. The 2nd most popular reason of loans were Home Purchase, with 3,910 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 8,920 $2,518,200,000 $282,309 $5,554 3.26%
15 Year 907 $209,505,000 $230,987 $3,889 2.87%
20 Year 461 $121,235,000 $262,983 $3,991 3.12%
Other 245 $64,085,000 $261,571 $3,748 2.91%
10 Year 55 $10,805,000 $196,455 $3,390 2.72%

For the 2020, Michigan Mutual 's most frequently cited loan length of loans were 30 Year, with 8,920 originations. The 2nd most popular length of loans were 15 Year, with 907 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 3,468 $974,250,000 $280,926
$<1k 2,053 $455,855,000 $222,043
$3k-4k 2,026 $562,910,000 $277,843
$2k-3k 1,584 $364,130,000 $229,880
$5k+ 1,457 $566,685,000 $388,940

$5,554 of loans were Michigan Mutual 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 3,468 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 5,257 $1,443,155,000 $274,521
2.5-3% 3,770 $1,123,730,000 $298,072
<2.5% 800 $198,190,000 $247,738
4-5% 652 $136,950,000 $210,046
5-6% 100 $19,240,000 $192,400
6-7% 5 $1,215,000 $243,000
7-8% 3 $1,205,000 $401,667
Over 8% 1 $145,000 $145,000

During 2020, Michigan Mutual 's average interest rate of loans were 3.26%, while their most frequently originated rate bucket of loans were 3-4%, with 5,257 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 4,944 $1,410,340,000 $285,263 $5,699 3.20%
$100k-200k 3,064 $474,490,000 $154,860 $4,262 3.35%
$400k-600k 1,689 $802,045,000 $474,864 $6,189 3.15%
$100,000 or less 617 $37,435,000 $60,673 $2,660 2.73%
$600k-1MM 264 $186,630,000 $706,932 $9,623 3.21%
$1MM+ 10 $12,890,000 $1,289,000 $13,890 3.16%

2020 saw Michigan Mutual place emphasis on $200k-400k loans with 4,944 originations, totaling $1,410,340,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 2,438 $798,540,000 $327,539 $5,417 3.18%
$50k-75k 2,421 $501,185,000 $207,016 $5,175 3.23%
$75k-100k 1,920 $509,570,000 $265,401 $5,388 3.23%
$50k or less 1,649 $252,515,000 $153,132 $4,574 3.22%
$150k-250k 1,627 $638,545,000 $392,468 $5,734 3.18%
$250k+ 470 $204,060,000 $434,170 $5,905 3.15%

Michigan Mutual lent most frequently to those with incomes in the $100k-150k range, with 2,438 originations. The second most popular income band? $50k-75k, with 2,421 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 2,241 $626,805,000 $279,699 $4,594 3.13%
30-36% 1,981 $541,665,000 $273,430 $5,030 3.19%
<20% 701 $187,625,000 $267,653 $4,056 3.03%
44% 528 $146,130,000 $276,761 $5,975 3.30%
43% 486 $132,270,000 $272,160 $5,411 3.26%
41% 439 $123,425,000 $281,150 $5,457 3.17%
42% 432 $117,760,000 $272,593 $5,479 3.19%
40% 406 $114,080,000 $280,985 $5,481 3.28%
39% 373 $105,875,000 $283,847 $5,328 3.20%
38% 367 $95,955,000 $261,458 $5,000 3.17%
37% 366 $97,410,000 $266,148 $5,462 3.25%
49% 335 $92,915,000 $277,358 $6,452 3.31%
36% 333 $95,235,000 $285,991 $5,059 3.26%
50-60% 324 $81,370,000 $251,142 $9,231 3.54%
45% 303 $84,685,000 $279,488 $5,645 3.22%
47% 274 $77,400,000 $282,482 $6,169 3.25%
46% 262 $74,290,000 $283,550 $6,274 3.29%
48% 247 $70,825,000 $286,741 $6,018 3.33%
>60% 13 $5,735,000 $441,154 $7,048 3.71%

Michigan Mutual lent most frequently to those with DTI ratios of 20-30%, with 2,241 originations. The next most common DTI ratio? 30-36%, with 1,981 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 7,818 $2,100,790,000 $268,712 $5,080 3.20%
Not provided 1,776 $506,710,000 $285,310 $5,635 3.23%
Asian 496 $178,190,000 $359,254 $5,490 3.12%
Black 435 $118,095,000 $271,483 $7,302 3.35%
Native Hawaiian 29 $9,905,000 $341,552 $5,442 3.23%
American Indian 26 $6,390,000 $245,769 $7,162 3.05%
Asian Indian 6 $3,090,000 $515,000 $6,287 2.77%
Chinese 1 $495,000 $495,000 $5,413 2.75%
Filipino 1 $165,000 $165,000 $2,135 3.63%

Approval Rates

Total approvals of all applications
93.56%

Michigan Mutual has an average approval rate.

Pick Rate

Approvals leading to origination
59.91%

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 10,588 $2,923,830,000 $276,146

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 130 $21,970,000 $169,000
Single Family (1-4 Units):Site-Built 10,458 $2,901,860,000 $277,478

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 488 $124,420,000 $254,959 $3,849 2.99%
40-60% 1,751 $544,175,000 $310,780 $4,223 3.02%
60-80% 3,838 $1,153,170,000 $300,461 $4,835 3.24%
80-100% 4,140 $1,045,240,000 $252,473 $6,359 3.39%
Over 100% 148 $40,600,000 $274,324 $10,554 3.42%
Under 20% 195 $7,705,000 $39,513 $631 0.60%