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 and 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: Los Angeles, Detroit, Riverside, Phoenix, and San Diego among others. We have data for 295 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™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
7,267Origination Dollar Volume (All Markets)
$1,988,505,000Awards
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MICHIGAN MUTUAL - 2019
MICHIGAN MUTUAL is a 2019 , due to their low .
For 2019, 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) | 779 | $357,115,000 | $458,427 | $7,137 | 4.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1,350 | $270,090,000 | $200,067 | $4,336 | 4.35% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 410 | $133,260,000 | $325,024 | $6,800 | 4.04% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 411 | $86,845,000 | $211,302 | $5,989 | 4.48% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 185 | $83,225,000 | $449,865 | $6,408 | 3.81% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 333 | $78,025,000 | $234,309 | $7,976 | 4.50% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 150 | $72,180,000 | $481,200 | $5,871 | 4.15% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 165 | $57,455,000 | $348,212 | $4,117 | 4.19% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 164 | $56,660,000 | $345,488 | $7,739 | 4.06% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 188 | $47,300,000 | $251,596 | $7,817 | 4.50% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 92 | $46,880,000 | $509,565 | $4,738 | 4.26% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 183 | $41,415,000 | $226,311 | $6,030 | 4.44% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 212 | $41,120,000 | $193,962 | $7,366 | 4.10% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 135 | $36,355,000 | $269,296 | $4,905 | 4.23% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 104 | $34,970,000 | $336,250 | $4,894 | 4.04% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 146 | $34,610,000 | $237,055 | $6,617 | 4.32% |
| Outside of Metro Areas | 172 | $31,470,000 | $182,965 | $5,030 | 4.42% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 60 | $25,420,000 | $423,667 | $5,866 | 4.07% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 79 | $22,465,000 | $284,367 | $8,870 | 4.21% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 55 | $17,925,000 | $325,909 | $10,533 | 4.18% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 103 | $16,885,000 | $163,932 | $4,360 | 3.92% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 34 | $15,230,000 | $447,941 | $6,812 | 3.97% |
| ANN ARBOR, MI (FHA|USDA|VA) | 61 | $15,015,000 | $246,148 | $4,350 | 4.09% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 61 | $14,985,000 | $245,656 | $7,214 | 4.30% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 24 | $13,570,000 | $565,417 | $10,783 | 4.11% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 64 | $12,750,000 | $199,219 | $7,351 | 5.02% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 45 | $12,425,000 | $276,111 | $8,523 | 4.43% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 48 | $12,140,000 | $252,917 | $7,314 | 4.11% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 39 | $10,625,000 | $272,436 | $7,817 | 4.42% |
| STOCKTON, CA (FHA|USDA|VA) | 31 | $9,395,000 | $303,065 | $5,120 | 4.35% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 31 | $8,835,000 | $285,000 | $4,999 | 4.12% |
| FLINT, MI (FHA|USDA|VA) | 54 | $8,050,000 | $149,074 | $5,242 | 4.60% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 30 | $7,700,000 | $256,667 | $4,540 | 3.73% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 40 | $7,010,000 | $175,250 | $5,615 | 4.55% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 33 | $6,845,000 | $207,424 | $6,347 | 4.57% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 23 | $6,125,000 | $266,304 | $7,466 | 4.09% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 26 | $6,030,000 | $231,923 | $7,684 | 4.49% |
| Clovis, NM (FHA|USDA|VA) | 33 | $5,785,000 | $175,303 | $5,864 | 4.58% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 32 | $5,510,000 | $172,188 | $4,311 | 4.36% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 28 | $5,490,000 | $196,071 | $4,741 | 4.01% |
| VALLEJO, CA (FHA|USDA|VA) | 13 | $5,395,000 | $415,000 | $8,600 | 4.16% |
| Roswell, NM (FHA|USDA|VA) | 46 | $5,260,000 | $114,348 | $3,941 | 5.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 25 | $4,905,000 | $196,200 | $6,928 | 4.57% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 21 | $4,905,000 | $233,571 | $7,753 | 4.65% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 19 | $4,815,000 | $253,421 | $7,967 | 4.39% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 23 | $4,615,000 | $200,652 | $4,701 | 3.79% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 16 | $4,480,000 | $280,000 | $10,001 | 4.24% |
| SALINAS, CA (FHA|USDA|VA) | 10 | $4,340,000 | $434,000 | $5,952 | 3.66% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 21 | $4,305,000 | $205,000 | $7,120 | 4.66% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 24 | $4,030,000 | $167,917 | $6,022 | 3.92% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 26 | $3,960,000 | $152,308 | $4,625 | 4.23% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 8 | $3,890,000 | $486,250 | $6,915 | 3.89% |
| FRESNO, CA (FHA|USDA|VA) | 17 | $3,845,000 | $226,176 | $4,379 | 4.51% |
| GREEN BAY, WI (FHA|USDA|VA) | 20 | $3,820,000 | $191,000 | $3,478 | 4.32% |
| MONTGOMERY, AL (FHA|USDA|VA) | 22 | $3,670,000 | $166,818 | $3,506 | 4.33% |
| TULSA, OK (FHA|USDA|VA) | 27 | $3,595,000 | $133,148 | $5,841 | 4.96% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 7 | $3,475,000 | $496,429 | $7,274 | 3.95% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 12 | $3,210,000 | $267,500 | $9,065 | 4.27% |
| COLUMBUS, OH (FHA|USDA|VA) | 14 | $2,850,000 | $203,571 | $4,258 | 4.52% |
| FORT WAYNE, IN (FHA|USDA|VA) | 20 | $2,740,000 | $137,000 | $4,976 | 4.69% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 8 | $2,700,000 | $337,500 | $6,946 | 4.55% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 12 | $2,570,000 | $214,167 | $7,718 | 4.34% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 14 | $2,440,000 | $174,286 | $5,147 | 4.38% |
| LOUISVILLE, KY (FHA|USDA|VA) | 13 | $2,435,000 | $187,308 | $5,165 | 3.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 10 | $2,380,000 | $238,000 | $6,842 | 4.63% |
| TUCSON, AZ (FHA|USDA|VA) | 7 | $2,295,000 | $327,857 | $3,999 | 3.70% |
| JACKSON, MI (FHA|USDA|VA) | 10 | $2,250,000 | $225,000 | $5,158 | 4.14% |
| PITTSBURGH, PA (FHA|USDA|VA) | 13 | $2,165,000 | $166,538 | $6,282 | 4.07% |
| READING, PA (FHA|USDA|VA) | 13 | $2,055,000 | $158,077 | $6,150 | 4.33% |
| Holland, MI (FHA|USDA|VA) | 11 | $1,915,000 | $174,091 | $5,833 | 4.28% |
| Traverse City, MI (FHA|USDA|VA) | 9 | $1,885,000 | $209,444 | $4,993 | 4.04% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 10 | $1,850,000 | $185,000 | $6,993 | 4.30% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 12 | $1,830,000 | $152,500 | $3,892 | 4.34% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 8 | $1,790,000 | $223,750 | $7,250 | 3.91% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 4 | $1,760,000 | $440,000 | $9,489 | 3.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 9 | $1,635,000 | $181,667 | $5,856 | 4.36% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 14 | $1,630,000 | $116,429 | $5,020 | 4.61% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 4 | $1,620,000 | $405,000 | $5,854 | 4.06% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 5 | $1,565,000 | $313,000 | $4,343 | 4.43% |
| MERCED, CA (FHA|USDA|VA) | 6 | $1,560,000 | $260,000 | $7,428 | 4.48% |
| CHICO, CA (FHA|USDA|VA) | 6 | $1,530,000 | $255,000 | $3,893 | 4.15% |
| Searcy, AR (FHA|USDA|VA) | 8 | $1,490,000 | $186,250 | $5,693 | 4.30% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 5 | $1,475,000 | $295,000 | $8,414 | 3.98% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $4,417 | 4.16% |
| Heber, UT (FHA|USDA|VA) | 2 | $1,350,000 | $675,000 | $4,171 | 3.81% |
| FARMINGTON, NM (FHA|USDA|VA) | 8 | $1,240,000 | $155,000 | $4,276 | 5.02% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 8 | $1,230,000 | $153,750 | $5,235 | 4.70% |
| MONROE, MI (FHA|USDA|VA) | 7 | $1,175,000 | $167,857 | $5,604 | 4.89% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $8,091 | 4.31% |
| VISALIA, CA (FHA|USDA|VA) | 6 | $1,100,000 | $183,333 | $5,077 | 4.48% |
| GAINESVILLE, FL (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $6,214 | 4.25% |
| PROVO-OREM, UT (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $5,518 | 4.40% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $8,244 | 4.63% |
| MADERA, CA (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $5,864 | 4.84% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $4,193 | 3.96% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 6 | $1,010,000 | $168,333 | $4,684 | 4.48% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $4,688 | 3.75% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $9,769 | 4.16% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $4,386 | 4.72% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 7 | $935,000 | $133,571 | $4,994 | 4.13% |
| Coldwater, MI (FHA|USDA|VA) | 9 | $925,000 | $102,778 | $3,117 | 4.49% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $6,224 | 4.56% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $8,357 | 4.96% |
| LUBBOCK, TX (FHA|USDA|VA) | 8 | $870,000 | $108,750 | $4,889 | 3.94% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $9,025 | 5.62% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $6,719 | 4.31% |
| Adrian, MI (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $3,912 | 4.41% |
| Edwards, CO (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $7,374 | 4.38% |
| Marinette, WI-MI (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $3,761 | 4.03% |
| Sunbury, PA (FHA|USDA|VA) | 6 | $820,000 | $136,667 | $6,586 | 4.71% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 6 | $810,000 | $135,000 | $3,517 | 4.54% |
| Crescent City, CA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $12,906 | 3.75% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $5,989 | 3.67% |
| Beaver Dam, WI (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $4,482 | 4.72% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $6,790 | 4.08% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $6,454 | 4.08% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $8,113 | 3.63% |
| Warsaw, IN (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $3,647 | 4.45% |
| Sonora, CA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $3,795 | 4.00% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 6 | $710,000 | $118,333 | $5,481 | 4.83% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $4,572 | 3.38% |
| Hobbs, NM (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $8,709 | 4.46% |
| REDDING, CA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $6,225 | 4.44% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $7,473 | 4.19% |
| MADISON, WI (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,805 | 4.75% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $5,651 | 3.46% |
| TYLER, TX (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $4,898 | 4.78% |
| OCALA, FL (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $6,848 | 4.78% |
| AKRON, OH (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $5,861 | 4.29% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $5,230 | 3.72% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $9,135 | 4.00% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $5,021 | 4.92% |
| Lewisburg, PA (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $8,967 | 4.63% |
| Payson, AZ (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,560 | 4.54% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $3,803 | 4.68% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $5,368 | 4.50% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $7,331 | 4.50% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $13,677 | 4.87% |
| NILES, MI (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $2,082 | 4.00% |
| Bedford, IN (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $2,870 | 4.91% |
| ODESSA, TX (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $5,851 | 5.43% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $5,653 | 4.00% |
| Granbury, TX (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $10,018 | 4.25% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $4,584 | 3.75% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $9,470 | 5.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $5,631 | 4.31% |
| BAY CITY, MI (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $3,188 | 4.03% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $8,590 | 4.71% |
| NAPA, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,204 | 3.88% |
| Wauchula, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $20,660 | 4.50% |
| TOLEDO, OH (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $3,619 | 4.54% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $5,713 | 4.68% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $6,006 | 4.75% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,746 | 4.99% |
| LONGVIEW, TX (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $6,313 | 4.67% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $9,745 | 4.50% |
| MUSKEGON, MI (FHA|USDA|VA) | 6 | $430,000 | $71,667 | $5,343 | 3.15% |
| Susanville, CA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $1,626 | 4.19% |
| Show Low, AZ (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,652 | 4.13% |
| RENO, NV (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,729 | 3.63% |
| Athens, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $7,545 | 4.00% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,256 | 4.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $6,846 | 4.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $1,410 | 5.25% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $13,251 | 4.88% |
| Fergus Falls, MN (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $8,829 | 4.13% |
| Huntington, IN (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $3,264 | 4.41% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $1,663 | 4.69% |
| MIDLAND, MI (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,885 | 4.31% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $7,703 | 6.13% |
| Clewiston, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $7,348 | 5.06% |
| Mount Pleasant, MI (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $3,783 | 4.21% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,944 | 4.13% |
| Coos Bay, OR (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $8,033 | 4.19% |
| KOKOMO, IN (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,649 | 4.81% |
| ALTOONA, PA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $9,867 | 4.00% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $7,661 | 4.75% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,709 | 4.50% |
| SAGINAW, MI (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,853 | 4.69% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,033 | 3.88% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,390 | 3.75% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,298 | 4.25% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,163 | 4.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,360 | 5.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $6,208 | 4.19% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,636 | 4.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,695 | 3.50% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $11,436 | 3.75% |
| Vincennes, IN (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,095 | 4.38% |
| APPLETON, WI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $1,658 | 3.75% |
| SALEM, OR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,834 | 4.75% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $2,970 | 5.37% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,890 | 4.50% |
| BEND, OR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,049 | 4.75% |
| Portales, NM (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $5,728 | 5.31% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,704 | 2.50% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $5,630 | 3.88% |
| Angola, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,546 | 4.13% |
| Key West, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,847 | 5.63% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,216 | 5.38% |
| Lewistown, PA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $7,479 | 3.63% |
| GOLDSBORO, NC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,682 | 5.13% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,489 | 3.38% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,568 | 4.25% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,943 | 4.99% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,274 | 3.88% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,066 | 5.63% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,595 | 3.38% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $7,778 | 3.63% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,618 | 5.81% |
| Big Rapids, MI (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $3,641 | 5.33% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,028 | 3.75% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,178 | 4.75% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,915 | 4.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,688 | 5.13% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,502 | 5.44% |
| Bartlesville, OK (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $6,463 | 4.25% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,071 | 3.63% |
| Brenham, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,396 | 4.75% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,835 | 3.25% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,294 | 5.99% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,965 | 4.13% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $5,145 | 5.75% |
| Rochelle, IL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $4,612 | 4.88% |
| Prineville, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,173 | 4.75% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,495 | 3.75% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,360 | 4.25% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,312 | 4.99% |
| Auburn, IN (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $5,021 | 4.69% |
| ABILENE, TX (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $4,951 | 4.56% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,910 | 4.75% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,266 | 5.38% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,259 | 3.75% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,887 | 3.38% |
| New Castle, IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,683 | 4.63% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,456 | 5.25% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $13,867 | 5.63% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,544 | 4.75% |
| Pottsville, PA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $6,123 | 4.38% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,261 | 4.69% |
| MUNCIE, IN (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,793 | 5.00% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,104 | 4.50% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,299 | 5.25% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,287 | 4.00% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,253 | 4.88% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,806 | 3.88% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,738 | 5.00% |
| Batesville, AR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,525 | 3.25% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,416 | 4.25% |
| Andrews, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,995 | 3.63% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,203 | 3.25% |
| Durango, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,729 | 4.38% |
| Dayton, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,398 | 4.99% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,854 | 4.13% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,671 | 3.88% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,399 | 4.25% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,224 | 5.13% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,580 | 4.50% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,658 | 4.38% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,197 | 4.75% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,041 | 4.00% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,964 | 3.75% |
| Paris, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $60 | 5.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,826 | 5.13% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,558 | 5.75% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,963 | 3.88% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,838 | 4.50% |
| Vernal, UT (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,311 | 5.63% |
| Decatur, IN (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $3,608 | 4.62% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,547 | 4.38% |
| Douglas, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.75% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.25% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,335 | 5.88% |
| Hillsdale, MI (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $4,103 | 4.69% |
| Shawano, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,982 | 4.25% |
| Athens, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,965 | 4.25% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,650 | 5.00% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,885 | 4.13% |
| Richmond, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,248 | 4.75% |
| Harrison, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,360 | 4.63% |
| Deming, NM (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,492 | 4.99% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,143 | 4.99% |
| Lamesa, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $7,085 | 6.13% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,382 | 4.13% |
| Pearsall, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,767 | 4.75% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,880 | 5.63% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $6,038 | 4.75% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,854 | 4.00% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,157 | 6.00% |
| Vernon, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,538 | 4.13% |
| Wabash, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $6,353 | 4.75% |
| Peru, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,981 | 4.25% |
| Camden, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,014 | 4.75% |
| Marquette, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,371 | 5.63% |
| Salem, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,832 | 4.25% |
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Product Mix
For 2019, Michigan Mutual's most frequently originated type of loan was Conventional, with 4,625 originations. Their 2nd most popular type was FHA, with 1,962 originations.
Loan Reason
For 2019, Michigan Mutual's most frequently cited loan purpose was Home Purchase, with 4,101 originations. The 2nd most popular reason was Refi, with 1,964 originations.
Loan Duration/Length
For 2019, Michigan Mutual's most frequently cited loan duration was 30 Year, with 6,691 originations. The 2nd most popular length was 15 Year, with 351 originations.
Origination Fees/Closing Costs
Michigan Mutual's average total fees were $6,152, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,183 originations.
Interest Rates
During 2019, Michigan Mutual's average interest rate for loans was 4.32%, while their most frequently originated rate bucket for loans was 3-4%, with 3,091 originations.
Loan Sizing
2019 saw Michigan Mutual place emphasis on $200k-400k loans with 3,080 originations, totaling $866,320,000 in origination value.
Applicant Income
Michigan Mutual lent most frequently to those with incomes in the $50k-75k range, with 1,737 originations. The second most popular income band? $100k-150k, with 1,485 originations.
Applicant Debt to Income Ratio
Michigan Mutual lent most frequently to those with DTI ratios of 30-36%, with 1,205 originations. The next most common DTI ratio? 20-30%, with 1,161 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.59%
Michigan Mutual has an average approval rate.
Pick Rate
Approvals leading to origination59.08%
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 | 7,267 | $1,988,505,000 | $273,635 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 68 | $9,610,000 | $141,324 |
| Single Family (1-4 Units):Site-Built | 7,199 | $1,978,895,000 | $274,885 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Michigan Mutual, Inc. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| Michigan Mutual, Inc. | FHA mortgage | Trouble during payment process | 1 | 50.0% |