Michigan Mutual Mortgage Rates, Fees & Info
PORT HURON, MILEI: 549300TK6RZQSFXZHV09
Tax ID: 38-3092473
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Mortgage Data
Review & Overview
Michigan Mutual is a small mortgage company specializing in Home Purchase loans. Michigan Mutual has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, Detroit, Riverside, Phoenix, and Bakersfield among others. We have data for 246 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.90% | 11/17/24 |
| 30 Year Conventional Refi | 6.65% | 11/17/24 |
| 30 Year Cash-out Refi | 6.71% | 11/17/24 |
| 30 Year FHA Purchase | 7.60% | 11/17/24 |
| 30 Year FHA Refi | 7.50% | 11/17/24 |
| 30 Year VA Purchase | 6.69% | 11/17/24 |
| 30 Year VA Refi | 6.53% | 11/17/24 |
| 30 Year USDA Purchase | 7.01% | 11/17/24 |
| 30 Year USDA Refi | 6.73% | 11/17/24 |
| 15 Year Conventional Purchase | 6.16% | 11/17/24 |
| 15 Year Conventional Refi | 6.07% | 11/17/24 |
| 15 Year Cash-out Refi | 6.07% | 11/17/24 |
| 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. | ||
Michigan Mutual Mortgage Calculator
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This is not an official calculator from Michigan Mutual. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,146Origination Dollar Volume (All Markets)
$1,251,200,000Awards
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MICHIGAN MUTUAL - 2018
MICHIGAN MUTUAL is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 443 | $189,115,000 | $426,896 | $8,184 | 4.74% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 921 | $161,635,000 | $175,499 | $4,337 | 4.98% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 267 | $83,465,000 | $312,603 | $7,207 | 4.72% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 395 | $78,825,000 | $199,557 | $6,292 | 5.33% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 256 | $60,670,000 | $236,992 | $6,068 | 4.93% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 287 | $59,375,000 | $206,882 | $6,982 | 5.12% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 74 | $36,470,000 | $492,838 | $9,249 | 4.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 138 | $32,990,000 | $239,058 | $7,402 | 5.10% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 96 | $31,250,000 | $325,521 | $6,254 | 4.74% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 101 | $28,805,000 | $285,198 | $9,783 | 5.21% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 138 | $28,020,000 | $203,043 | $6,960 | 5.19% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 133 | $23,225,000 | $174,624 | $6,997 | 5.26% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 58 | $22,420,000 | $386,552 | $6,123 | 4.70% |
| Outside of Metro Areas | 128 | $21,830,000 | $170,547 | $4,573 | 5.05% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 48 | $17,060,000 | $355,417 | $8,131 | 4.86% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 43 | $16,955,000 | $394,302 | $7,475 | 4.70% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 70 | $15,870,000 | $226,714 | $7,236 | 4.72% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 29 | $15,455,000 | $532,931 | $9,965 | 4.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 80 | $15,230,000 | $190,375 | $5,526 | 4.93% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 53 | $14,765,000 | $278,585 | $8,872 | 5.03% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 60 | $14,700,000 | $245,000 | $5,607 | 4.90% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 31 | $14,285,000 | $460,806 | $5,907 | 4.77% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 47 | $13,005,000 | $276,702 | $8,500 | 4.94% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 51 | $11,225,000 | $220,098 | $8,482 | 5.13% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 42 | $10,730,000 | $255,476 | $9,578 | 4.95% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 42 | $9,500,000 | $226,190 | $6,842 | 4.86% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 41 | $7,545,000 | $184,024 | $6,047 | 5.00% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 15 | $7,225,000 | $481,667 | $8,463 | 4.85% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 23 | $7,195,000 | $312,826 | $6,627 | 4.85% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 32 | $7,060,000 | $220,625 | $8,833 | 5.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 46 | $7,010,000 | $152,391 | $4,357 | 4.95% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 31 | $6,645,000 | $214,355 | $5,572 | 4.56% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 33 | $6,025,000 | $182,576 | $5,236 | 4.87% |
| STOCKTON, CA (FHA|USDA|VA) | 18 | $5,940,000 | $330,000 | $7,489 | 4.78% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 22 | $5,580,000 | $253,636 | $7,587 | 4.45% |
| FLINT, MI (FHA|USDA|VA) | 35 | $5,245,000 | $149,857 | $5,113 | 5.05% |
| Roswell, NM (FHA|USDA|VA) | 40 | $4,740,000 | $118,500 | $4,952 | 5.36% |
| ANN ARBOR, MI (FHA|USDA|VA) | 20 | $4,680,000 | $234,000 | $4,441 | 4.78% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 18 | $4,380,000 | $243,333 | $7,213 | 4.90% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 22 | $4,230,000 | $192,273 | $5,568 | 5.24% |
| TULSA, OK (FHA|USDA|VA) | 24 | $3,990,000 | $166,250 | $7,719 | 5.20% |
| FORT WAYNE, IN (FHA|USDA|VA) | 22 | $3,600,000 | $163,636 | $4,727 | 4.88% |
| VALLEJO, CA (FHA|USDA|VA) | 11 | $3,595,000 | $326,818 | $5,782 | 4.83% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 15 | $3,585,000 | $239,000 | $6,816 | 4.87% |
| MERCED, CA (FHA|USDA|VA) | 12 | $3,110,000 | $259,167 | $6,299 | 4.83% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 23 | $3,025,000 | $131,522 | $4,611 | 4.68% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 10 | $2,990,000 | $299,000 | $7,951 | 5.04% |
| FARMINGTON, NM (FHA|USDA|VA) | 18 | $2,900,000 | $161,111 | $5,104 | 4.77% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 14 | $2,850,000 | $203,571 | $4,195 | 4.40% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 14 | $2,750,000 | $196,429 | $7,397 | 5.06% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 7 | $2,665,000 | $380,714 | $9,038 | 5.16% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 13 | $2,285,000 | $175,769 | $5,303 | 5.12% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 5 | $2,165,000 | $433,000 | $8,386 | 5.10% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 10 | $2,130,000 | $213,000 | $6,024 | 4.61% |
| FRESNO, CA (FHA|USDA|VA) | 9 | $2,125,000 | $236,111 | $5,271 | 4.56% |
| MODESTO, CA (FHA|USDA|VA) | 9 | $2,055,000 | $228,333 | $7,569 | 4.68% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 11 | $2,045,000 | $185,909 | $6,685 | 5.19% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 9 | $2,015,000 | $223,889 | $8,097 | 5.15% |
| Bedford, IN (FHA|USDA|VA) | 18 | $1,990,000 | $110,556 | $2,428 | 4.96% |
| MONTGOMERY, AL (FHA|USDA|VA) | 11 | $1,935,000 | $175,909 | $3,553 | 4.70% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 12 | $1,800,000 | $150,000 | $4,958 | 5.02% |
| Heber, UT (FHA|USDA|VA) | 4 | $1,760,000 | $440,000 | $6,762 | 4.25% |
| NAPA, CA (FHA|USDA|VA) | 3 | $1,675,000 | $558,333 | $5,015 | 4.67% |
| Sunbury, PA (FHA|USDA|VA) | 12 | $1,650,000 | $137,500 | $6,282 | 4.92% |
| SALINAS, CA (FHA|USDA|VA) | 4 | $1,640,000 | $410,000 | $4,150 | 4.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 8 | $1,580,000 | $197,500 | $5,999 | 4.92% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 8 | $1,570,000 | $196,250 | $5,680 | 5.16% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 9 | $1,555,000 | $172,778 | $5,342 | 5.14% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 10 | $1,530,000 | $153,000 | $6,510 | 5.21% |
| Clovis, NM (FHA|USDA|VA) | 12 | $1,470,000 | $122,500 | $3,451 | 5.32% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 6 | $1,400,000 | $233,333 | $7,812 | 4.81% |
| PITTSBURGH, PA (FHA|USDA|VA) | 8 | $1,300,000 | $162,500 | $7,540 | 4.56% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 7 | $1,285,000 | $183,571 | $8,060 | 4.52% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $1,275,000 | $255,000 | $7,414 | 4.98% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $1,225,000 | $1,225,000 | $3,310 | 5.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $8,610 | 5.47% |
| Jefferson, GA (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $8,127 | 5.12% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 10 | $1,180,000 | $118,000 | $5,219 | 5.13% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $6,232 | 4.63% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 8 | $1,140,000 | $142,500 | $4,821 | 4.70% |
| Traverse City, MI (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $8,112 | 4.87% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 6 | $1,020,000 | $170,000 | $4,944 | 5.43% |
| VISALIA, CA (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $5,767 | 4.70% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $985,000 | $985,000 | $28,851 | 5.50% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 5 | $985,000 | $197,000 | $4,263 | 5.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 7 | $915,000 | $130,714 | $6,309 | 4.89% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $5,667 | 5.05% |
| MONROE, MI (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $3,827 | 4.94% |
| YUBA CITY, CA (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $3,758 | 4.84% |
| Hobbs, NM (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $7,292 | 5.04% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $4,856 | 4.67% |
| Lewisburg, PA (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $5,905 | 5.22% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $5,116 | 4.80% |
| READING, PA (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $5,378 | 4.30% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $4,668 | 4.50% |
| MUSKEGON, MI (FHA|USDA|VA) | 6 | $790,000 | $131,667 | $5,770 | 4.70% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $8,936 | 5.44% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $4,450 | 4.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $4,391 | 4.71% |
| Rockport, TX (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $10,218 | 5.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 7 | $725,000 | $103,571 | $4,999 | 5.11% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $8,275 | 4.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $5,816 | 4.75% |
| CHICO, CA (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $3,315 | 4.21% |
| Adrian, MI (FHA|USDA|VA) | 5 | $675,000 | $135,000 | $4,175 | 4.90% |
| Warsaw, IN (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $4,757 | 4.75% |
| MADERA, CA (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $4,737 | 4.46% |
| RENO, NV (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $5,620 | 4.75% |
| COLUMBUS, IN (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $4,779 | 4.84% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $4,246 | 5.15% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $9,395 | 4.83% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $6,808 | 5.00% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,055 | 5.06% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 5 | $605,000 | $121,000 | $3,257 | 5.10% |
| WACO, TX (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $6,383 | 5.75% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $7,444 | 5.00% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $3,777 | 4.88% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $5,794 | 5.19% |
| Wabash, IN (FHA|USDA|VA) | 7 | $565,000 | $80,714 | $4,328 | 5.13% |
| Mount Pleasant, TX (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $6,013 | 5.54% |
| Selinsgrove, PA (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $6,505 | 4.54% |
| EL CENTRO, CA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $6,379 | 5.06% |
| Angola, IN (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,475 | 4.56% |
| JACKSON, MI (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $3,512 | 4.91% |
| GAINESVILLE, GA (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $7,828 | 5.33% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,504 | 3.50% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $18,843 | 4.63% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,015 | 5.25% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $9,113 | 5.19% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $9,456 | 4.75% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,430 | 5.44% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,384 | 4.75% |
| GREEN BAY, WI (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $3,491 | 4.92% |
| Portales, NM (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $4,589 | 5.41% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,995 | 5.25% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,524 | 4.63% |
| Ruidoso, NM (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,193 | 5.44% |
| Edwards, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,045 | 3.75% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $6,255 | 5.00% |
| SAGINAW, MI (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $3,575 | 5.21% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,469 | 5.00% |
| Sonora, CA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $7,376 | 5.25% |
| DOVER, DE (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,017 | 4.63% |
| Durango, CO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,707 | 3.99% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,933 | 5.06% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $3,212 | 4.71% |
| FOND DU LAC, WI (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,223 | 4.75% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $7,826 | 4.75% |
| NILES, MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,426 | 5.25% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,285 | 4.50% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,278 | 5.38% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,050 | 4.87% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,286 | 5.75% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,344 | 4.75% |
| Marinette, WI-MI (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $4,122 | 5.38% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,250 | 5.19% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $7,926 | 5.75% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,679 | 4.38% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,739 | 5.19% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,762 | 4.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,651 | 5.50% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,792 | 4.88% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,391 | 5.38% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,594 | 4.87% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,665 | 4.99% |
| Union, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $11,943 | 6.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,050 | 4.88% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,892 | 6.25% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,448 | 4.75% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,721 | 5.63% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $2,350 | 5.31% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,437 | 3.88% |
| Bartlesville, OK (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $6,396 | 5.12% |
| OCALA, FL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,672 | 4.88% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $4,888 | 5.81% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,595 | 4.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,170 | 5.25% |
| Fallon, NV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,802 | 4.25% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,941 | 4.63% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,938 | 5.63% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,975 | 5.19% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,615 | 5.38% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,320 | 5.25% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,409 | 4.75% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,377 | 4.50% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,372 | 5.63% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,989 | 4.75% |
| REDDING, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,938 | 4.25% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,070 | 5.25% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,903 | 4.99% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,060 | 4.99% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $478 | 4.75% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,693 | 3.75% |
| Searcy, AR (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $1,971 | 5.31% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,807 | 4.25% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,323 | 5.25% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,853 | 5.25% |
| Payson, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,157 | 4.38% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,826 | 5.13% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,950 | 4.75% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,607 | 4.99% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,951 | 5.13% |
| Lake City, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,674 | 4.75% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,459 | 5.25% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,069 | 5.25% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,660 | 4.50% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,277 | 5.75% |
| Arkadelphia, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,252 | 4.63% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $616 | 3.75% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,677 | 5.25% |
| Dumas, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,246 | 5.75% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,077 | 4.25% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,312 | 4.99% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,760 | 5.75% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,135 | 4.38% |
| Huntington, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,048 | 4.25% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,261 | 4.50% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,198 | 4.13% |
| Cullman, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,821 | 3.88% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,659 | 4.50% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,869 | 4.75% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,811 | 4.50% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,752 | 4.88% |
| Escanaba, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,672 | 5.75% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,825 | 5.13% |
| Holland, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,704 | 4.75% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,752 | 5.25% |
| West Plains, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,676 | 4.88% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,815 | 5.88% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,349 | 4.25% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,263 | 4.75% |
| Bluffton, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,221 | 4.38% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,149 | 3.75% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,692 | 4.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,777 | 4.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,367 | 5.00% |
| Ponca City, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,148 | 5.88% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,958 | 4.75% |
| Alma, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,652 | 5.25% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $7,520 | 4.50% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,824 | 5.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,483 | 5.00% |
| Alpena, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,673 | 5.88% |
| Decatur, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,256 | 5.63% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $449 | 5.38% |
| Malvern, AR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,576 | 4.99% |
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Product Mix
For 2018, Michigan Mutual's most frequently originated type of loan was Conventional, with 2,720 originations. Their 2nd most popular type was FHA, with 1,837 originations.
Loan Reason
For 2018, Michigan Mutual's most frequently cited loan purpose was Home Purchase, with 3,891 originations. The 2nd most popular reason was Cash Out Refi, with 833 originations.
Loan Duration/Length
For 2018, Michigan Mutual's most frequently cited loan duration was 30 Year, with 4,938 originations. The 2nd most popular length was 15 Year, with 149 originations.
Origination Fees/Closing Costs
Michigan Mutual's average total fees were $6,406, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,780 originations.
Interest Rates
During 2018, Michigan Mutual's average interest rate for loans was 4.99%, while their most frequently originated rate bucket for loans was 4-5%, with 2,861 originations.
Loan Sizing
2018 saw Michigan Mutual place emphasis on $200k-400k loans with 2,045 originations, totaling $563,225,000 in origination value.
Applicant Income
Michigan Mutual lent most frequently to those with incomes in the $50k-75k range, with 1,477 originations. The second most popular income band? $50k or less, with 1,210 originations.
Applicant Debt to Income Ratio
Michigan Mutual lent most frequently to those with DTI ratios of 30-36%, with 766 originations. The next most common DTI ratio? 50-60%, with 704 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.87%
Michigan Mutual has an average approval rate.
Pick Rate
Approvals leading to origination57.13%
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 | 5,146 | $1,251,200,000 | $243,140 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 53 | $6,225,000 | $117,453 |
| Single Family (1-4 Units):Site-Built | 5,093 | $1,244,975,000 | $244,448 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Michigan Mutual, Inc. | Other type of mortgage | Closing on a mortgage | 1 | 50.0% |
| Michigan Mutual, Inc. | Other type of mortgage | Trouble during payment process | 1 | 50.0% |