ANN ARBOR Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Ann Arbor averaged
6.64%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.87% and
one month ago for the week of 2025-05-15, the
average rate was 6.74%.
Ann Arbor's average rate one year ago was 7.18%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.31%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Ann Arbor 30 Year Fixed Rate | 2025-06-18 | 6.64% |
| Ann Arbor 30 Year Fixed Rate Refi | 2025-06-18 | 7.31% |
| Ann Arbor 15 Year Fixed Rate | 2025-06-18 | 6.39% |
| Ann Arbor 15 Year Fixed Rate Refi | 2025-06-18 | 5.86% |
| Ann Arbor 30 Year FHA | 2025-06-18 | 0.09% |
| Ann Arbor 30 Year FHA Refi | 2025-06-18 | 0.1% |
| Ann Arbor 30 Year USDA | 2025-06-18 | 0.1% |
| Ann Arbor 30 Year USDA Refi | 2025-06-18 | 0% |
| Ann Arbor 30 Year VA | 2025-06-18 | -0.04% |
| Ann Arbor 30 Year VA Refi | 2025-06-18 | -0.1% |
ANN ARBOR Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the ANN ARBOR, MI market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
ANN ARBOR Average Closing Costs & Other Stats
ANN ARBOR, MI's 189 lenders originated 6,203
loans during 2024. The total origination value was $2,278,355,000, with an average loan value of
$367,299.
ANN ARBOR's average closing costs are $4,126.
The top ANN ARBOR lender as defined by loan originations is QUICKEN LOANS, LLC, with
278 loans originated. Their average total fees are
$5,695, which is $331
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee ANN ARBOR lenders (with over 10 loans originated) are
PULTE MORTGAGE LLC ($1,707), Bank of America ($2,898), MICHIGAN SCHOOLS AND GOVERNMENT ($2,919), JPMorgan Chase Bank ($3,167) and UNIVERSITY OF MICHIGAN CREDIT UNION ($3,232).
The lowest rate ANN ARBOR lenders (with over 10 loans originated) are
MICHIGAN SCHOOLS AND GOVERNMENT (5.99%), Morgan Stanley Private Bank (6.11%), South Metro Federal Credit Union (6.13%), M/I FINANCIAL, LLC (6.20%) and Bank of America (6.34%).
ANN ARBOR, MI Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| JONES LANG LASALLE MULTIFAMILY, LLC | $179,545,000 | $344,225,000 | 91.7% | 15.1% |
| LAKE MICHIGAN CREDIT UNION | $81,655,000 | $123,765,000 | 51.6% | 5.4% |
| QUICKEN LOANS, LLC | $99,085,000 | $123,270,000 | 24.4% | 5.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $112,560,000 | $122,225,000 | 8.6% | 5.4% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $67,490,000 | $82,505,000 | 22.2% | 3.6% |
| Old National Bank | $62,775,000 | $80,170,000 | 27.7% | 3.5% |
| The Huntington National Bank | $85,985,000 | $70,200,000 | -18.4% | 3.1% |
| First Merchants Bank | $67,765,000 | $60,790,000 | -10.3% | 2.7% |
| UNIVERSITY OF MICHIGAN CREDIT UNION | $51,800,000 | $57,505,000 | 11.0% | 2.5% |
| Arbor Realty Trust, Inc. | $54,395,000 | n/a | 2.4% | |
| University Bank | $52,145,000 | $51,485,000 | -1.3% | 2.3% |
| STAUNTON FINANCIAL, INC. | $50,025,000 | $49,705,000 | -0.6% | 2.2% |
| JPMorgan Chase Bank | $38,915,000 | $43,420,000 | 11.6% | 1.9% |
| The Dart Bank | $17,505,000 | $41,140,000 | 135.0% | 1.8% |
| PNC Bank | $35,310,000 | $34,695,000 | -1.7% | 1.5% |
| MORTGAGE 1 INCORPORATED | $31,430,000 | $33,270,000 | 5.9% | 1.5% |
| DFCU FINANCIAL | $30,245,000 | $31,600,000 | 4.5% | 1.4% |
| Bank of Ann Arbor | $35,320,000 | $29,950,000 | -15.2% | 1.3% |
| PULTE MORTGAGE LLC | $19,395,000 | $26,890,000 | 38.6% | 1.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $22,645,000 | $26,185,000 | 15.6% | 1.1% |
| Bank of America | $40,110,000 | $25,090,000 | -37.4% | 1.1% |
| CREDIT UNION ONE | $8,555,000 | $23,190,000 | 171.1% | 1.0% |
| GreenStone Farm Credit Services, FLCA | $15,620,000 | $22,890,000 | 46.5% | 1.0% |
| M/I FINANCIAL, LLC | $13,010,000 | $20,095,000 | 54.5% | 0.9% |
| First Federal Bank of the Midwest | $24,700,000 | $19,825,000 | -19.7% | 0.9% |
| Flagstar Bank, FSB | $15,995,000 | $18,790,000 | 17.5% | 0.8% |
| Citizens Bank | $17,140,000 | $17,610,000 | 2.7% | 0.8% |
| The Loan Store, Inc. | $1,230,000 | $15,755,000 | 1,180.9% | 0.7% |
| GREYSTONE FUNDING COMPANY LLC | $15,635,000 | n/a | 0.7% | |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $24,040,000 | $14,235,000 | -40.8% | 0.6% |
| ADVIA | $6,985,000 | $13,940,000 | 99.6% | 0.6% |
| UNION HOME MORTGAGE CORP. | $7,625,000 | $13,505,000 | 77.1% | 0.6% |
| Northstar Bank | $5,410,000 | $13,430,000 | 148.2% | 0.6% |
| Fifth Third Bank | $9,100,000 | $13,255,000 | 45.7% | 0.6% |
| Independent Bank | $27,295,000 | $12,175,000 | -55.4% | 0.5% |
| Comerica Bank | $10,035,000 | $11,820,000 | 17.8% | 0.5% |
| MICHIGAN SCHOOLS AND GOVERNMENT | $8,885,000 | $11,465,000 | 29.0% | 0.5% |
| Mortgage Research Center, LLC | $7,460,000 | $11,095,000 | 48.7% | 0.5% |
| RUOFF MORTGAGE COMPANY, INC. | $4,680,000 | $11,090,000 | 137.0% | 0.5% |
| MORTGAGE CENTER L.C | $5,535,000 | $9,230,000 | 66.8% | 0.4% |
| Dort Financial Credit Union | $45,000 | $8,785,000 | 19,422.2% | 0.4% |
| TBI MORTGAGE COMPANY | $18,210,000 | $8,575,000 | -52.9% | 0.4% |
| LOANDEPOT.COM, LLC | $4,115,000 | $8,420,000 | 104.6% | 0.4% |
| U.S. Bank | $3,510,000 | $8,350,000 | 137.9% | 0.4% |
| GENISYS | $5,360,000 | $7,120,000 | 32.8% | 0.3% |
| Morgan Stanley Private Bank | $5,820,000 | $6,995,000 | 20.2% | 0.3% |
| MOVEMENT MORTGAGE, LLC | $4,530,000 | $6,580,000 | 45.3% | 0.3% |
| BROKER SOLUTIONS, INC. | $8,420,000 | $6,250,000 | -25.8% | 0.3% |
| 21ST MORTGAGE CORPORATION | $5,650,000 | $6,235,000 | 10.4% | 0.3% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $7,350,000 | $6,225,000 | -15.3% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,420,000 | $6,075,000 | 12.1% | 0.3% |
| NEWREZ LLC | $8,220,000 | $6,055,000 | -26.3% | 0.3% |
| NBKC BANK | $2,270,000 | $6,035,000 | 165.9% | 0.3% |
| COMMUNITY FINANCIAL CREDIT UNION | $8,570,000 | $5,720,000 | -33.3% | 0.3% |
| LENDINGHOME FUNDING CORPORATION | $2,335,000 | $5,715,000 | 144.8% | 0.3% |
| FREEDOM MORTGAGE CORPORATION | $2,595,000 | $5,705,000 | 119.8% | 0.3% |
| CMG MORTGAGE, INC. | $570,000 | $5,675,000 | 895.6% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $4,330,000 | $5,675,000 | 31.1% | 0.2% |
| Citibank | $4,540,000 | $5,670,000 | 24.9% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $5,460,000 | $5,550,000 | 1.6% | 0.2% |
| PENNYMAC LOAN SERVICES, LLC | $4,850,000 | $5,350,000 | 10.3% | 0.2% |
| USAA Federal Savings Bank | $3,995,000 | $5,230,000 | 30.9% | 0.2% |
| MICHIGAN FIRST CREDIT UNION | $7,655,000 | $4,915,000 | -35.8% | 0.2% |
| SUCCESS MORTGAGE PARTNERS, INC. | $1,840,000 | $4,740,000 | 157.6% | 0.2% |
| GUARANTEED RATE, INC. | $13,080,000 | $4,620,000 | -64.7% | 0.2% |
| KeyBank | $6,710,000 | $4,550,000 | -32.2% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $4,080,000 | $4,445,000 | 8.9% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $5,085,000 | $4,300,000 | -15.4% | 0.2% |
| TJC Mortgage, Inc. | $4,225,000 | n/a | 0.2% | |
| The State Bank | $3,365,000 | $4,220,000 | 25.4% | 0.2% |
| Preston Home Loans Inc | $2,170,000 | $4,200,000 | 93.5% | 0.2% |
| HOMESITE MORTGAGE, LLC | $9,695,000 | $4,125,000 | -57.5% | 0.2% |
| CP Financial Credit Union | $2,330,000 | $4,065,000 | 74.5% | 0.2% |
| First State Bank | $3,710,000 | $3,890,000 | 4.9% | 0.2% |
| MICHIGAN MUTUAL, INC. | $5,520,000 | $3,815,000 | -30.9% | 0.2% |
| LIMA ONE CAPITAL, LLC | $125,000 | $3,605,000 | 2,784.0% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,965,000 | $3,565,000 | 81.4% | 0.2% |
| Michigan Educational Credit Union | $5,650,000 | $3,530,000 | -37.5% | 0.2% |
| Discover Bank | $2,270,000 | $3,365,000 | 48.2% | 0.1% |
| FIRST COLONY MORTGAGE CORPORATION | $1,305,000 | $3,150,000 | 141.4% | 0.1% |
| Lake Trust Credit Union | $2,885,000 | $3,145,000 | 9.0% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $905,000 | $3,135,000 | 246.4% | 0.1% |
| ORIX REAL ESTATE CAPITAL, LLC | $3,105,000 | n/a | 0.1% | |
| ROSS MORTGAGE CORPORATION | $2,915,000 | $2,955,000 | 1.4% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $3,060,000 | $2,870,000 | -6.2% | 0.1% |
| UBS Bank USA | $1,250,000 | $2,680,000 | 114.4% | 0.1% |
| Northpointe Bank | $1,325,000 | $2,595,000 | 95.8% | 0.1% |
| Wells Fargo Bank | $11,640,000 | $2,585,000 | -77.8% | 0.1% |
| BETTER MORTGAGE CORPORATION | $1,225,000 | $2,535,000 | 106.9% | 0.1% |
| First Horizon Bank | $2,365,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $855,000 | $2,280,000 | 166.7% | 0.1% |
| UIF CORPORATION | $935,000 | $2,265,000 | 142.2% | 0.1% |
| Civista Bank | $2,260,000 | n/a | 0.1% | |
| GREENSTATE CREDIT UNION | $2,115,000 | $2,220,000 | 5.0% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $275,000 | $2,135,000 | 676.4% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,385,000 | $2,075,000 | 49.8% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,915,000 | $2,055,000 | 7.3% | 0.1% |
| Southern Michigan Bank & Trust | $505,000 | $1,980,000 | 292.1% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $1,970,000 | n/a | 0.1% | |
| CONSUMERS | $1,030,000 | $1,935,000 | 87.9% | 0.1% |
| Figure Lending LLC | $1,400,000 | $1,930,000 | 37.9% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $3,160,000 | $1,845,000 | -41.6% | 0.1% |
| Pinnacle Bank | $475,000 | $1,825,000 | 284.2% | 0.1% |
| Plains Commerce Bank | $2,345,000 | $1,825,000 | -22.2% | 0.1% |
| Stifel Bank and Trust | $1,335,000 | $1,790,000 | 34.1% | 0.1% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $1,780,000 | n/a | 0.1% | |
| First Independence Bank | $1,230,000 | $1,735,000 | 41.1% | 0.1% |
| Raymond James Bank | $1,850,000 | $1,735,000 | -6.2% | 0.1% |
| BLG HOLDINGS, INC. | $1,065,000 | $1,695,000 | 59.2% | 0.1% |
| Mercantile Bank of Michigan | $1,600,000 | $1,670,000 | 4.4% | 0.1% |
| GUIDANCE RESIDENTIAL, LLC | $1,225,000 | $1,660,000 | 35.5% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,100,000 | $1,645,000 | 49.5% | 0.1% |
| South Metro Federal Credit Union | $1,335,000 | $1,610,000 | 20.6% | 0.1% |
| THE MORTGAGE LINK, INC. | $305,000 | $1,605,000 | 426.2% | 0.1% |
| COREVEST AMERICAN FINANCE LENDER LLC | $1,555,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $660,000 | $1,555,000 | 135.6% | 0.1% |
| BMO Harris Bank | $2,700,000 | $1,510,000 | -44.1% | 0.1% |
| Signature Bank, N.A. | $1,505,000 | n/a | 0.1% | |
| FINANCIAL PLUS CREDIT UNION | $100,000 | $1,495,000 | 1,395.0% | 0.1% |
| The Farmers & Merchants State Bank | $1,470,000 | n/a | 0.1% | |
| ChoiceOne Bank | $1,460,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $800,000 | $1,445,000 | 80.6% | 0.1% |
| LENDINGONE, LLC | $460,000 | $1,430,000 | 210.9% | 0.1% |
| The Federal Savings Bank | $215,000 | $1,370,000 | 537.2% | 0.1% |
| ZILLOW HOME LOANS, LLC | $645,000 | $1,295,000 | 100.8% | 0.1% |
| First Federal Bank | $1,260,000 | n/a | 0.1% | |
| THE EQUITABLE MORTGAGE CORPORATION | $1,255,000 | n/a | 0.1% | |
| VIBE CREDIT UNION | $2,160,000 | $1,250,000 | -42.1% | 0.1% |
| Ally Bank | $110,770,000 | $1,205,000 | -98.9% | 0.1% |
| J. VIRGIL, INC. | $420,000 | $1,120,000 | 166.7% | 0.0% |
| OCMBC, INC. | $365,000 | $1,115,000 | 205.5% | 0.0% |
| AMERICAN FINANCING CORPORATION | $1,110,000 | n/a | 0.0% | |
| T2 FINANCIAL LLC | $215,000 | $1,100,000 | 411.6% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $640,000 | $1,095,000 | 71.1% | 0.0% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $1,045,000 | n/a | 0.0% | |
| Dearborn Federal Savings Bank | $840,000 | $1,045,000 | 24.4% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $60,000 | $1,040,000 | 1,633.3% | 0.0% |
| ARBOR FINANCIAL CREDIT UNION | $1,280,000 | $1,035,000 | -19.1% | 0.0% |
| SIRVA MORTGAGE, INC. | $1,290,000 | $1,035,000 | -19.8% | 0.0% |
| Prosperity Home Mortgage, LLC | $460,000 | $1,015,000 | 120.7% | 0.0% |
| Bank of Whittier | $1,005,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $215,000 | $990,000 | 360.5% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $975,000 | n/a | 0.0% | |
| First National Bank of America | $505,000 | $960,000 | 90.1% | 0.0% |
| 1st Source Bank | $1,210,000 | $955,000 | -21.1% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $230,000 | $940,000 | 308.7% | 0.0% |
| Armed Forces Bank | $935,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $125,000 | $930,000 | 644.0% | 0.0% |
| PLANET HOME LENDING, LLC | $475,000 | $925,000 | 94.7% | 0.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,380,000 | $920,000 | -72.8% | 0.0% |
| DAS Acquisition Company, LLC | $3,880,000 | $910,000 | -76.5% | 0.0% |
| GENEVA FINANCIAL, LLC | $895,000 | n/a | 0.0% | |
| Carrington Mortgage Services, LLC | $830,000 | $875,000 | 5.4% | 0.0% |
| EVERETT FINANCIAL, INC. | $2,220,000 | $865,000 | -61.0% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,580,000 | $860,000 | -76.0% | 0.0% |
| NFM, INC. | $840,000 | n/a | 0.0% | |
| COMMUNITY CHOICE CREDIT UNION | $505,000 | $830,000 | 64.4% | 0.0% |
| Extra | $75,000 | $810,000 | 980.0% | 0.0% |
| Toyota Financial Savings Bank | $790,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $135,000 | $785,000 | 481.5% | 0.0% |
| V.I.P. MORTGAGE, INC. | $785,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $255,000 | $780,000 | 205.9% | 0.0% |
| Peoples Bank | $780,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $765,000 | n/a | 0.0% | |
| Waterford Bank, N.A. | $765,000 | n/a | 0.0% | |
| Horizon Bank | $230,000 | $750,000 | 226.1% | 0.0% |
| Sunflower Bank | $580,000 | $715,000 | 23.3% | 0.0% |
| Goldman Sachs Bank USA | $905,000 | $705,000 | -22.1% | 0.0% |
| Parda Federal Credit Union | $130,000 | $705,000 | 442.3% | 0.0% |
| Commerce Home Mortgage, Inc. | $1,550,000 | $690,000 | -55.5% | 0.0% |
| TLC COMMUNITY Credit Union | $695,000 | $690,000 | -0.7% | 0.0% |
| ALLIANT CREDIT UNION | $875,000 | $685,000 | -21.7% | 0.0% |
| RBC Bank, (Georgia) | $380,000 | $680,000 | 78.9% | 0.0% |
| Arvest Bank | $415,000 | $675,000 | 62.7% | 0.0% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $305,000 | $665,000 | 118.0% | 0.0% |
| NP, Inc. | $665,000 | n/a | 0.0% | |
| Public Service Credit Union | $650,000 | $665,000 | 2.3% | 0.0% |
| Coastal Community Bank | $1,130,000 | $645,000 | -42.9% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $690,000 | $640,000 | -7.2% | 0.0% |
| ADVANCIAL | $635,000 | n/a | 0.0% | |
| CIBC Bank USA | $890,000 | $625,000 | -29.8% | 0.0% |
| CLEARPATH LENDING | $620,000 | n/a | 0.0% | |
| HOMESTEAD FUNDING CORP. | $850,000 | $600,000 | -29.4% | 0.0% |
| GVC MORTGAGE, INC. | $1,745,000 | $595,000 | -65.9% | 0.0% |
| MMS MORTGAGE SERVICES, LTD. | $1,675,000 | $580,000 | -65.4% | 0.0% |
| Magnolia Bank | $900,000 | $575,000 | -36.1% | 0.0% |
| MORTGAGE ACCESS CORP. | $590,000 | $555,000 | -5.9% | 0.0% |
| Eaton Community Bank | $545,000 | n/a | 0.0% | |
| Alerus Financial | $305,000 | $535,000 | 75.4% | 0.0% |
| BNY Mellon | $525,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $65,000 | $520,000 | 700.0% | 0.0% |
| GUILD MORTGAGE COMPANY | $595,000 | $520,000 | -12.6% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $505,000 | n/a | 0.0% | |
| Elements Financial Federal Credit Union | $495,000 | n/a | 0.0% | |
| County National Bank | $1,010,000 | $490,000 | -51.5% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $485,000 | n/a | 0.0% | |
| JMAC LENDING, INC. | $475,000 | n/a | 0.0% | |
| VILLAGE CAPITAL MORTGAGE | $115,000 | $475,000 | 313.0% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $470,000 | n/a | 0.0% | |
| INOVA FEDERAL CREDIT UNION | $460,000 | n/a | 0.0% | |
| Centier Bank | $405,000 | $455,000 | 12.3% | 0.0% |
| First American Bank | $455,000 | n/a | 0.0% | |
| NEXERA HOLDING LLC | $450,000 | n/a | 0.0% | |
| Heartland Bank and Trust Company | $445,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $445,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $505,000 | $440,000 | -12.9% | 0.0% |
| WINGS FINANCIAL | $320,000 | $440,000 | 37.5% | 0.0% |
| ADVANTAGE ONE Credit Union | $80,000 | $435,000 | 443.8% | 0.0% |
| Axos Bank | $425,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $420,000 | n/a | 0.0% | |
| BOND STREET MORTGAGE, LLC | $415,000 | n/a | 0.0% | |
| CapStar Bank | $415,000 | n/a | 0.0% | |
| Logan Finance Corporation | $415,000 | n/a | 0.0% | |
| AmRes Corporation | $410,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $405,000 | n/a | 0.0% | |
| STAR ONE CREDIT UNION | $405,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $265,000 | $400,000 | 50.9% | 0.0% |
| NEW DAY FINANCIAL, LLC | $800,000 | $400,000 | -50.0% | 0.0% |
| EMBRACE HOME LOANS, INC. | $395,000 | n/a | 0.0% | |
| IncredibleBank | $395,000 | n/a | 0.0% | |
| LOANPAL, LLC | $215,000 | $395,000 | 83.7% | 0.0% |
| Charles Schwab Bank, SSB | $425,000 | $390,000 | -8.2% | 0.0% |
| BAY EQUITY LLC | $335,000 | $385,000 | 14.9% | 0.0% |
| Notre Dame Federal Credit Union Corporation | $385,000 | n/a | 0.0% | |
| American 1 Credit Union | $240,000 | $375,000 | 56.3% | 0.0% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $365,000 | n/a | 0.0% | |
| MEMBERFOCUS COMMUNITY | $905,000 | $360,000 | -60.2% | 0.0% |
| NexBank | $2,055,000 | $350,000 | -83.0% | 0.0% |
| Signal Financial Federal Credit Union | $345,000 | n/a | 0.0% | |
| AXIA FINANCIAL, LLC | $245,000 | $340,000 | 38.8% | 0.0% |
| AmeriHome Mortgage Company, LLC | $275,000 | $315,000 | 14.5% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $305,000 | n/a | 0.0% | |
| OAK MORTGAGE, LLC | $305,000 | n/a | 0.0% | |
| Texana Bank | $305,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $915,000 | $300,000 | -67.2% | 0.0% |
| AMWEST FUNDING CORP. | $285,000 | n/a | 0.0% | |
| COMPASS MORTGAGE, INC. | $285,000 | n/a | 0.0% | |
| Wilmington Savings Fund Society, FSB | $285,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $275,000 | n/a | 0.0% | |
| EQUITY RESOURCES, INC. | $395,000 | $275,000 | -30.4% | 0.0% |
| AMERICAN FINANCE HOUSE LARIBA | $255,000 | n/a | 0.0% | |
| Chartwell Financial, LLC | $130,000 | $250,000 | 92.3% | 0.0% |
| Citadel Servicing Corporation | $235,000 | $245,000 | 4.3% | 0.0% |
| HFG HOLDINGS, LLC | $245,000 | n/a | 0.0% | |
| LAFCU | $535,000 | $245,000 | -54.2% | 0.0% |
| Meijer Credit Union | $245,000 | n/a | 0.0% | |
| Texas Community Bank | $245,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $590,000 | $235,000 | -60.2% | 0.0% |
| Connexus Credit Union | $220,000 | n/a | 0.0% | |
| Directions Credit Union, Inc. | $220,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $455,000 | $210,000 | -53.8% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $485,000 | $205,000 | -57.7% | 0.0% |
| Northwest Federal Credit Union | $205,000 | n/a | 0.0% | |
| OAKTREE FUNDING CORP. | $205,000 | n/a | 0.0% | |
| SOUTHWEST STAGE FUNDING, LLC | $205,000 | n/a | 0.0% | |
| American National Bank | $185,000 | n/a | 0.0% | |
| First Savings Bank | $1,715,000 | $185,000 | -89.2% | 0.0% |
| MidAmerica National Bank | $185,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $55,000 | $185,000 | 236.4% | 0.0% |
| Zeal Credit Union | $255,000 | $180,000 | -29.4% | 0.0% |
| FLAT BRANCH MORTGAGE, INC. | $175,000 | n/a | 0.0% | |
| Polish-American Federal Credit Union | $175,000 | n/a | 0.0% | |
| VAN DYK MORTGAGE CORPORATION | $175,000 | n/a | 0.0% | |
| NATIONAL COOPERATIVE BANK, N.A. | $635,000 | $160,000 | -74.8% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $1,025,000 | $155,000 | -84.9% | 0.0% |
| Frankenmuth Credit Union | $155,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $320,000 | $145,000 | -54.7% | 0.0% |
| Nations Lending Corporation | $135,000 | n/a | 0.0% | |
| STAR USA FEDERAL CREDIT UNION | $135,000 | n/a | 0.0% | |
| Cornerstone First Mortgage, Inc | $405,000 | $125,000 | -69.1% | 0.0% |
| Hawthorn Bank | $125,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $115,000 | n/a | 0.0% | |
| DOW CHEMICAL EMPLOYEES' | $360,000 | $115,000 | -68.1% | 0.0% |
| General Mortgage Capital Corporation | $115,000 | n/a | 0.0% | |
| PURDUE FEDERAL CREDIT UNION | $115,000 | n/a | 0.0% | |
| Beeline Loans, Inc. | $105,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $345,000 | $105,000 | -69.6% | 0.0% |
| MONROE COUNTY COMMUNITY CREDIT UNION | $85,000 | n/a | 0.0% | |
| POLARIS HOME FUNDING CORP. | $85,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $85,000 | n/a | 0.0% | |
| SUNRISE FAMILY CREDIT UNION | $85,000 | n/a | 0.0% | |
| CIS Financial Services, Inc. | $65,000 | n/a | 0.0% | |
| ELGA CREDIT UNION | $255,000 | $65,000 | -74.5% | 0.0% |
| BayCoast Bank | $55,000 | n/a | 0.0% | |
| UNIFY FINANCIAL Credit Union | $1,145,000 | $55,000 | -95.2% | 0.0% |
| TEAM ONE CREDIT UNION | $45,000 | n/a | 0.0% | |
| CORNERSTONE COMMUNITY FINANCIAL | $35,000 | n/a | 0.0% |
ANN ARBOR's top lender by overall market share is JONES LANG LASALLE MULTIFAMILY, LLC, with 15.1% market share. In second place, with 5.4%, is LAKE MICHIGAN CREDIT UNION, having originated $123,765,000 in loans. In third place, with 5.4%, is QUICKEN LOANS, LLC, having originated $123,270,000 in loans. In fourth place, with 5.4%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $122,225,000 in loans. In fifth place, with 3.6%, is GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION, having originated $82,505,000 in loans.
ANN ARBOR, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,276 | $1,211,750,000 | $369,887 |
| Home Improvement | 774 | $99,990,000 | $129,186 |
| Cash Out Refi | 753 | $521,355,000 | $692,371 |
| Refi | 726 | $301,440,000 | $415,207 |
| Other | 674 | $143,820,000 | $213,383 |
Ann Arbor's most frequently cited loan purpose was Home Purchase, with 3,276 originations. The 2nd most popular reason was Home Improvement, with 774 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 2,587 | $1,303,295,000 | $503,786 |
| Over 8% | 1,504 | $207,210,000 | $137,773 |
| 7-8% | 1,142 | $362,550,000 | $317,469 |
| 5-6% | 735 | $323,625,000 | $440,306 |
| 4-5% | 54 | $18,360,000 | $340,000 |
| <2.5% | 10 | $610,000 | $61,000 |
| 2.5-3% | 6 | $1,060,000 | $176,667 |
| 3-4% | 4 | $1,500,000 | $375,000 |
During 2024, Ann Arbor's most frequently originated rate bucket was 6-7%, with 2,587 originations.
Loan Sizing (ANN ARBOR, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,178 | $631,310,000 | $289,858 |
| $100k-200k | 1,394 | $203,190,000 | $145,760 |
| $100,000 or less | 1,235 | $73,585,000 | $59,583 |
| $400k-600k | 911 | $438,425,000 | $481,257 |
| $600k-1000k | 358 | $258,810,000 | $722,933 |
| $Over $1MM | 127 | $673,035,000 | $5,299,488 |
ANN ARBOR's loan sizing saw the bucket of loans from $200k-400k with 2,178 originations, totaling $631,310,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,920 | $716,120,000 | $372,979 |
| 60-80% | 1,521 | $705,645,000 | $463,935 |
| 20-40% | 919 | $142,635,000 | $155,207 |
| Under 20% | 909 | $62,315,000 | $68,553 |
| 40-60% | 647 | $208,565,000 | $322,357 |
| Over 100% | 30 | $364,280,000 | $12,142,667 |
ANN ARBOR's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,920 originations, totaling $716,120,000 in origination value.