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 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 by origination volume include: Detroit, Los Angeles, Phoenix, Riverside, and Tampa among others. We have data for 313 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% | 4/18/24 |
| 30 Year Conventional Purchase | 6.90% | 4/18/24 |
| 30 Year Conventional Refi | 6.65% | 4/18/24 |
| 30 Year Cash-out Refi | 6.71% | 4/18/24 |
| 30 Year FHA Purchase | 7.60% | 4/18/24 |
| 30 Year FHA Refi | 7.50% | 4/18/24 |
| 30 Year VA Purchase | 6.69% | 4/18/24 |
| 30 Year VA Refi | 6.53% | 4/18/24 |
| 30 Year USDA Purchase | 7.01% | 4/18/24 |
| 30 Year USDA Refi | 6.73% | 4/18/24 |
| 15 Year Conventional Purchase | 6.16% | 4/18/24 |
| 15 Year Conventional Refi | 6.07% | 4/18/24 |
| 15 Year Cash-out Refi | 6.07% | 4/18/24 |
| 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
10,588Origination Dollar Volume (All Markets)
$2,923,830,000Awards
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MICHIGAN MUTUAL - 2020
MICHIGAN MUTUAL is a 2020 , due to their low .
For 2020, 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 |
|---|---|---|---|---|---|
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2,510 | $534,740,000 | $213,044 | $3,765 | 3.19% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1,178 | $510,740,000 | $433,565 | $5,529 | 3.09% |
| 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% |
| 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% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 269 | $76,445,000 | $284,182 | $6,727 | 3.31% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 170 | $58,110,000 | $341,824 | $5,868 | 3.03% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 156 | $54,470,000 | $349,167 | $6,913 | 3.19% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 118 | $54,190,000 | $459,237 | $5,357 | 3.14% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 198 | $51,260,000 | $258,889 | $6,427 | 3.24% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 123 | $50,585,000 | $411,260 | $4,629 | 3.15% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 138 | $47,890,000 | $347,029 | $9,634 | 3.18% |
| Outside of Metro Areas | 242 | $46,380,000 | $191,653 | $4,431 | 3.24% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 148 | $45,010,000 | $304,122 | $7,969 | 3.38% |
| ANN ARBOR, MI (FHA|USDA|VA) | 154 | $39,780,000 | $258,312 | $3,186 | 3.00% |
| 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% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 94 | $26,420,000 | $281,064 | $8,038 | 3.18% |
| 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% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 67 | $16,795,000 | $250,672 | $6,965 | 3.13% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 38 | $15,190,000 | $399,737 | $5,414 | 3.08% |
| 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% |
| STOCKTON, CA (FHA|USDA|VA) | 43 | $13,955,000 | $324,535 | $6,414 | 3.34% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 43 | $13,575,000 | $315,698 | $5,400 | 3.23% |
| 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% |
| 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% |
| Traverse City, MI (FHA|USDA|VA) | 35 | $8,135,000 | $232,429 | $4,015 | 3.40% |
| 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% |
| 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% |
| Roswell, NM (FHA|USDA|VA) | 42 | $6,700,000 | $159,524 | $5,447 | 3.48% |
| 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% |
| 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, KY (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% |
| Clovis, NM (FHA|USDA|VA) | 31 | $4,705,000 | $151,774 | $5,176 | 3.42% |
| 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% |
| Holland, MI (FHA|USDA|VA) | 17 | $3,455,000 | $203,235 | $4,271 | 2.99% |
| 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% |
| 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% |
| Cullman, AL (FHA|USDA|VA) | 14 | $2,250,000 | $160,714 | $5,707 | 3.39% |
| 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% |
| Marinette, WI-MI (FHA|USDA|VA) | 12 | $2,120,000 | $176,667 | $2,888 | 2.97% |
| 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% |
| Adrian, MI (FHA|USDA|VA) | 9 | $1,755,000 | $195,000 | $3,686 | 3.15% |
| 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% |
| 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% |
| Outside of Metro Areas | 4 | $1,540,000 | $385,000 | $7,602 | 3.09% |
| GOLDSBORO, NC (FHA|USDA|VA) | 8 | $1,520,000 | $190,000 | $5,895 | 3.31% |
| Coldwater, MI (FHA|USDA|VA) | 10 | $1,490,000 | $149,000 | $4,301 | 3.55% |
| 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% |
| Cañon City, CO (FHA|USDA|VA) | 6 | $1,290,000 | $215,000 | $3,519 | 3.35% |
| 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% |
| Granbury, TX (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $5,380 | 2.88% |
| 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% |
| Key West, FL (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $10,618 | 3.21% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $1,025,000 | $1,025,000 | $7,684 | 3.38% |
| Greenwood, MS (FHA|USDA|VA) | 6 | $1,020,000 | $170,000 | $5,882 | 2.79% |
| MUSKEGON, MI (FHA|USDA|VA) | 8 | $1,010,000 | $126,250 | $4,907 | 3.86% |
| Warsaw, IN (FHA|USDA|VA) | 6 | $1,010,000 | $168,333 | $4,470 | 3.73% |
| 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% |
| Boone, NC (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $8,162 | 3.04% |
| MERCED, CA (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $8,595 | 3.08% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $6,151 | 2.75% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $4,924 | 3.35% |
| GAINESVILLE, FL (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $6,653 | 3.88% |
| YUBA CITY, CA (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $4,131 | 3.12% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $9,478 | 2.93% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $7,030 | 3.69% |
| 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% |
| 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% |
| Hobbs, NM (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $8,961 | 3.59% |
| Shawano, WI (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $3,882 | 3.03% |
| 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% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $6,788 | 3.79% |
| Huntsville, TX (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $9,351 | 4.04% |
| 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% |
| Edwards, CO (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $5,876 | 2.75% |
| Salem, OH (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $6,384 | 3.38% |
| Bedford, IN (FHA|USDA|VA) | 5 | $585,000 | $117,000 | $3,069 | 4.85% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $6,164 | 3.13% |
| Jefferson, GA (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $5,215 | 3.33% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $2,899 | 2.75% |
| Heber, UT (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $2,549 | 2.63% |
| Huntington, IN (FHA|USDA|VA) | 5 | $565,000 | $113,000 | $4,003 | 3.43% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $6,856 | 3.31% |
| Big Rapids, MI (FHA|USDA|VA) | 5 | $535,000 | $107,000 | $2,653 | 2.50% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,567 | 2.63% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $11,853 | 3.19% |
| Cadillac, MI (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $2,309 | 2.88% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,796 | 3.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $2,570 | 2.50% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $5,447 | 3.31% |
| Russellville, AR (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $8,263 | 2.75% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $4,590 | 2.38% |
| Show Low, AZ (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $2,982 | 3.29% |
| Lock Haven, PA (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $7,835 | 3.21% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $5,154 | 3.43% |
| Elko, NV (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $6,690 | 3.50% |
| 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% |
| Beaver Dam, WI (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $6,482 | 3.44% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,761 | 3.38% |
| Ludington, MI (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,309 | 3.00% |
| 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% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $5,439 | 2.50% |
| Kinston, NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,586 | 3.75% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $8,986 | 2.63% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $22,195 | 4.25% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,388 | 3.12% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,284 | 2.25% |
| New Castle, IN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $5,619 | 3.69% |
| 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% |
| Palestine, TX (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $6,137 | 4.06% |
| Alpena, MI (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,602 | 3.38% |
| Okeechobee, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $9,171 | 3.06% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,987 | 3.19% |
| Albemarle, NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,899 | 3.56% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,449 | 3.88% |
| 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% |
| Hillsdale, MI (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,928 | 3.25% |
| 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% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,639 | 2.50% |
| Athens, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,778 | 3.25% |
| 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% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,309 | 3.63% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,688 | 4.25% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $15,290 | 3.50% |
| Auburn, IN (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,672 | 3.81% |
| 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% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,013 | 2.88% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $14,176 | 3.25% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,153 | 3.38% |
| Marquette, MI (FHA|USDA|VA) | 5 | $285,000 | $57,000 | $1,637 | 2.33% |
| 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% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,762 | 3.38% |
| Taos, NM (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,246 | 4.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,262 | 3.13% |
| Frankfort, KY (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,544 | 3.13% |
| Sunbury, PA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $7,039 | 2.88% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,614 | 4.63% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,395 | 3.13% |
| Alice, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,455 | 3.25% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,986 | 3.25% |
| Portales, NM (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,608 | 3.94% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,316 | 2.63% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,614 | 2.94% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,270 | 2.88% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,062 | 2.75% |
| North Vernon, IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,935 | 3.38% |
| Sturgis, MI (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $2,515 | 3.19% |
| 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% |
| Sonora, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,190 | 3.13% |
| Huntingdon, PA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $6,865 | 3.06% |
| 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% |
| Selma, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,546 | 3.13% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,120 | 3.25% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,201 | 4.75% |
| 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% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,185 | 2.63% |
| Safford, AZ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,011 | 2.88% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,519 | 3.25% |
| Ruston, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,272 | 3.88% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,102 | 3.88% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,674 | 3.88% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,162 | 3.25% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,160 | 4.13% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,987 | 3.38% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,755 | 2.63% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,227 | 2.88% |
| Payson, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,774 | 3.38% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,833 | 3.25% |
| Crossville, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,160 | 3.13% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,503 | 3.50% |
| Bonham, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,446 | 3.63% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,869 | 3.50% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,849 | 3.00% |
| DALTON, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,233 | 3.13% |
| Wabash, IN (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $2,791 | 4.69% |
| Searcy, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,027 | 3.13% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,711 | 3.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,004 | 3.50% |
| Muskogee, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,933 | 3.50% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,408 | 2.63% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,674 | 4.25% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $10,115 | 2.88% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,515 | 2.75% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,196 | 3.13% |
| DuBois, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,984 | 3.00% |
| Marion, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,733 | 4.13% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,944 | 3.75% |
| Clinton, IA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,459 | 3.13% |
| DOVER, DE (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,989 | 2.63% |
| Angola, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,001 | 4.00% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,462 | 3.50% |
| Plainview, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,096 | 4.25% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,040 | 3.25% |
| Hereford, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $7,752 | 3.38% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $6,587 | 3.63% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,318 | 3.75% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,428 | 3.63% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,860 | 2.75% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,234 | 4.00% |
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Product Mix
For 2020, Michigan Mutual's most frequently originated type of loan was Conventional, with 8,512 originations. Their 2nd most popular type was FHA, with 1,373 originations.
Loan Reason
For 2020, Michigan Mutual's most frequently cited loan purpose was Refi, with 4,770 originations. The 2nd most popular reason was Home Purchase, with 3,910 originations.
Loan Duration/Length
For 2020, Michigan Mutual's most frequently cited loan duration was 30 Year, with 8,920 originations. The 2nd most popular length was 15 Year, with 907 originations.
Origination Fees/Closing Costs
Michigan Mutual's average total fees were $5,554, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,468 originations.
Interest Rates
During 2020, Michigan Mutual's average interest rate for loans was 3.26%, while their most frequently originated rate bucket for loans was 3-4%, with 5,257 originations.
Loan Sizing
2020 saw Michigan Mutual place emphasis on $200k-400k loans with 4,944 originations, totaling $1,410,340,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications94.41%
Michigan Mutual has an average approval rate.
Pick Rate
Approvals leading to origination61.83%
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
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Michigan Mutual, Inc. | FHA mortgage | Struggling to pay mortgage | 1 | 100.0% |