BAY CITY Mortgage Rates

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Bay City averaged 5.47% for the week of 2022-05-12, compared to the national average of 5.3% for the same period.

The average rate for the prior week (2022-05-05) was 5.54% and one month ago for the week of 2022-04-07, the average rate was 4.79%.

Bay City's average rate one year ago was 3.09%.

For refis of the same type during the week of 2022-05-12, the average rate was 5.28%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-05-12 5.3%
Bay City 30 Year Fixed Rate 2022-05-12 5.47%
Bay City 30 Year Fixed Rate Refi 2022-05-12 5.28%
Bay City 15 Year Fixed Rate 2022-05-12 5.24%
Bay City 15 Year Fixed Rate Refi 2022-05-12 4.57%
Bay City 30 Year FHA 2022-05-12 5.78%
Bay City 30 Year FHA Refi 2022-05-12 5.36%
Bay City 30 Year USDA 2022-05-12 5.74%
Bay City 30 Year USDA Refi 2022-05-12 4.99%
Bay City 30 Year VA 2022-05-12 5.28%
Bay City 30 Year VA Refi 2022-05-12 5.19%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within BAY CITY, MI.

BAY CITY Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the BAY CITY, 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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 131 3.25% $4,256
ACADEMY MORTGAGE CORPORATION 104 3.41% $3,286
Frankenmuth Credit Union 95 3.18% $1,946
DOW CHEMICAL EMPLOYEES' 67 3.45% $2,791
Independent Bank 61 3.19% $2,680
1st State Financial, Ltd. 60 3.09% $2,126
The Huntington National Bank 58 3.19% $2,870
Wanigas Credit Union 49 3.31% $2,188
UNITED WHOLESALE MORTGAGE, LLC 45 3.12% $3,647
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 34 3.36% $3,058
LAKE MICHIGAN CREDIT UNION 29 3.20% $3,341
ENVOY MORTGAGE, LTD 25 3.33% $3,440
JOLT CREDIT UNION 25 2.98% $2,800
TCF National Bank 24 3.03% $2,477
FinancialEdge Community Credit Union 24 3.25% $2,062
TEAM ONE CREDIT UNION 24 2.90% $1,465
JPMorgan Chase Bank 20 3.16% $2,053
Servion, Inc. 15 3.09% $2,201
Wells Fargo Bank 15 3.38% $3,059
Fifth Third Bank 14 3.22% $2,626
SUNRISE FAMILY CREDIT UNION 14 3.07% $2,270
MID AMERICA MORTGAGE, INC. 13 3.58% $3,360
HEALTH ADVANTAGE FEDERAL CREDIT UNION 12 3.31% $2,431
UNITED FINANCIAL Credit Union 11 3.28% $2,491
Flagstar Bank, FSB 10 3.32% $2,942
Mr. Cooper ( Nationstar Mortgage ) 10 3.65% $4,516
PNC Bank 9 3.40% $2,112
MICHIGAN MUTUAL, INC. 9 3.11% $3,816
UNION HOME MORTGAGE CORP. 9 3.07% $3,920
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 3.33% $3,361
J. VIRGIL, INC. 8 3.41% $3,646
MEMBERS FIRST Credit Union 8 3.20% $1,557
AMERISAVE MORTGAGE CORPORATION 7 3.23% $5,137
LOANDEPOT.COM, LLC 7 3.19% $4,214
CALIBER HOME LOANS, INC. 6 3.26% $3,147
COPOCO Community Credit Union 6 3.15% $2,529
Mercantile Bank of Michigan 6 3.15% $2,703
FREEDOM MORTGAGE CORPORATION 6 3.13% $2,201
Isabella Bank 6 2.71% $2,034
U.S. Bank 5 2.97% $2,027
HOMESIDE FINANCIAL, LLC 5 3.68% $3,266
CROSSCOUNTRY MORTGAGE, LLC 5 3.25% $4,124
NEWREZ LLC 5 3.33% $3,554
MORTGAGE 1 INCORPORATED 4 3.56% $2,901
MUTUAL OF OMAHA MORTGAGE, INC. 4 3.25% $2,937
MEMBER FIRST MORTGAGE, LLC 4 3.31% $2,332
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.21% $3,107
PENNYMAC LOAN SERVICES, LLC 3 3.54% $2,703
Preston Home Loans Inc 3 3.08% $3,294
GreenStone Farm Credit Services, FLCA 3 4.38% $3,304
Bank of America 3 3.38% $3,062
ROYAL UNITED MORTGAGE LLC 3 3.13% $6,379
SUMMIT FUNDING, INC. 3 3.04% $3,404
GUARANTEED RATE, INC. 3 3.12% $3,180
The Dart Bank 3 3.67% $2,852
AMERICAN FINANCING CORPORATION 3 3.13% $3,902
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 3 3.46% $2,925
MORTGAGE CENTER L.C 3 2.92% $2,455
BETTER MORTGAGE CORPORATION 3 2.92% $2,310
NAVY FEDERAL CREDIT UNION 3 4.54% $2,528
Lake Huron Credit Union 2 3.13% $3,271
SUCCESS MORTGAGE PARTNERS, INC. 2 3.19% $2,913
Carrington Mortgage Services, LLC 2 3.13% $4,602
ROSS MORTGAGE CORPORATION 2 2.88% $2,910
HOME POINT FINANCIAL CORPORATION 2 3.25% $1,540
GENEVA FINANCIAL, LLC 2 3.31% $3,945
ChoiceOne Bank 2 3.25% $2,883
MICHIGAN SCHOOLS AND GOVERNMENT 2 2.94% $2,082
Mortgage Research Center, LLC 2 2.88% $3,084
Chicago Mortgage Solutions LLC 2 2.80% $1,380
Northpointe Bank 2 3.37% $3,116
The State Bank 2 3.13% $2,882
BROKER SOLUTIONS, INC. 2 3.25% $3,479
AMERIFIRST FINANCIAL CORPORATION 2 3.19% $2,928
ZILLOW HOME LOANS, LLC 2 3.69% $3,010
NORTHERN MORTGAGE SERVICES, LLC 2 3.25% $2,807
Discover Bank 1 4.25% $0
Extra 1 3.13% $3,866
FINANCE OF AMERICA MORTGAGE LLC 1 2.75% $4,254
COMMUNITY FINANCIAL CREDIT UNION 1 2.75% $2,448
FINANCIAL PLUS CREDIT UNION 1 3.00% $4,795
First Federal Savings Bank 1 4.00% $3,267
First Internet Bank of Indiana 1 2.88% $2,586
First National Bank of Omaha 1 3.50% $1,548
Citibank 1 2.88% $3,675
CHURCHILL MORTGAGE CORPORATION 1 3.50% $2,590
GUARANTY HOME MORTGAGE CORPORATION 1 3.50% $2,043
Home Mortgage Alliance Corp 1 3.13% $4,805
Hometown Lenders, Inc. 1 3.38% $4,287
INLANTA MORTGAGE, INC. 1 3.88% $2,734
InterContinental Capital Group, Inc 1 3.25% $3,539
KeyBank 1 2.88% $2,508
Level One Bank 1 3.13% $2,395
WESTERN EXPRESS LENDING 1 2.88% $4,728
BLG HOLDINGS, INC. 1 3.50% $2,897
Neighborhood Loans, Inc. 1 3.50% $3,088
Old Second National Bank 1 4.88% $3,216
Paramount Residential Mortgage Group, Inc. 1 3.63% $2,547
PHH Mortgage Corporation 1 4.88% $3,145
Bank of Ann Arbor 1 2.75% $2,879
PURDUE FEDERAL CREDIT UNION 1 3.00% $2,291
RUOFF MORTGAGE COMPANY, INC. 1 3.25% $2,426
ARBOR FINANCIAL CREDIT UNION 1 2.63% $2,945
SIRVA MORTGAGE, INC. 1 2.75% $2,286
Sunflower Bank 1 2.99% $2,823
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 5.25% $5,903
AmeriHome Mortgage Company, LLC 1 3.50% $3,089
T&I Credit union 1 3.25% $499
TOWNE MORTGAGE COMPANY 1 3.25% $1,804
Ally Bank 1 3.38% $2,686
ADVISORS CAPITAL, INC. 1 3.00% $2,384
AAC Credit Union 1 3.00% $2,191
Dort Financial Credit Union 1 2.88% $2,963

BAY CITY, MI's 113 lenders originated 3,859 loans during 2021. The total origination value was $501,715,000, with an average loan value of $130,012.

The top BAY CITY lender as defined by loan originations is QUICKEN LOANS, LLC, with 131 loans originated. Their average total fees are $4,256, which is $970 higher than the next largest lender, ACADEMY MORTGAGE CORPORATION.

The lowest fee BAY CITY lenders (with over 10 loans originated) are TEAM ONE CREDIT UNION ($1,465), Frankenmuth Credit Union ($1,946), JPMorgan Chase Bank ($2,053), FinancialEdge Community Credit Union ($2,062) and 1st State Financial, Ltd. ($2,126).

The lowest rate BAY CITY lenders (with over 10 loans originated) are TEAM ONE CREDIT UNION (2.90%), JOLT CREDIT UNION (2.98%), TCF National Bank (3.03%), SUNRISE FAMILY CREDIT UNION (3.07%) and 1st State Financial, Ltd. (3.09%).

BAY CITY, MI Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
QUICKEN LOANS, LLC $31,875,000 $49,840,000 56.4% 9.9%
ACADEMY MORTGAGE CORPORATION $35,720,000 $39,260,000 9.9% 7.8%
Frankenmuth Credit Union $27,700,000 $30,490,000 10.1% 6.1%
Independent Bank $24,485,000 $22,210,000 -9.3% 4.4%
DOW CHEMICAL EMPLOYEES' $21,065,000 $21,420,000 1.7% 4.3%
The Huntington National Bank $13,450,000 $20,235,000 50.4% 4.0%
1st State Financial, Ltd. $21,895,000 $19,460,000 -11.1% 3.9%
Isabella Bank $8,940,000 $19,015,000 112.7% 3.8%
UNITED WHOLESALE MORTGAGE, LLC $8,135,000 $18,415,000 126.4% 3.7%
Wildfire Credit Union $12,390,000 $18,115,000 46.2% 3.6%
United Bay Community Credit Union $29,685,000 $17,595,000 -40.7% 3.5%
FinancialEdge Community Credit Union $16,045,000 $11,795,000 -26.5% 2.4%
FREEDOM MORTGAGE CORPORATION $11,300,000 $11,405,000 0.9% 2.3%
Wanigas Credit Union $18,725,000 $11,090,000 -40.8% 2.2%
LAKE MICHIGAN CREDIT UNION $6,970,000 $10,630,000 52.5% 2.1%
KeyBank $9,940,000 n/a 2.0%
JOLT CREDIT UNION $6,495,000 $7,880,000 21.3% 1.6%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $4,600,000 $7,010,000 52.4% 1.4%
Mortgage Research Center, LLC $4,530,000 $6,555,000 44.7% 1.3%
TCF National Bank $20,050,000 $6,120,000 -69.5% 1.2%
ENVOY MORTGAGE, LTD $4,380,000 $6,090,000 39.0% 1.2%
SUNRISE FAMILY CREDIT UNION $5,960,000 $5,060,000 -15.1% 1.0%
Wells Fargo Bank $1,835,000 $5,060,000 175.7% 1.0%
Fifth Third Bank $3,275,000 $5,010,000 53.0% 1.0%
Horizon Bank $1,760,000 $4,815,000 173.6% 1.0%
Mr. Cooper ( Nationstar Mortgage ) $4,095,000 $4,775,000 16.6% 1.0%
PNC Bank $6,380,000 $4,755,000 -25.5% 0.9%
Thumb Bank and Trust $8,695,000 $4,445,000 -48.9% 0.9%
TEAM ONE CREDIT UNION $6,140,000 $4,295,000 -30.0% 0.9%
MICHIGAN MUTUAL, INC. $740,000 $3,620,000 389.2% 0.7%
COPOCO Community Credit Union $2,140,000 $3,485,000 62.9% 0.7%
JPMorgan Chase Bank $2,140,000 $3,120,000 45.8% 0.6%
MID AMERICA MORTGAGE, INC. $2,205,000 $3,030,000 37.4% 0.6%
UNITED FINANCIAL Credit Union $2,965,000 $2,970,000 0.2% 0.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,840,000 $2,645,000 43.8% 0.5%
PENNYMAC LOAN SERVICES, LLC $740,000 $2,405,000 225.0% 0.5%
UNION HOME MORTGAGE CORP. $1,635,000 $2,370,000 45.0% 0.5%
LOANDEPOT.COM, LLC $1,965,000 $2,275,000 15.8% 0.5%
CALIBER HOME LOANS, INC. $905,000 $2,270,000 150.8% 0.5%
NEWREZ LLC $1,015,000 $2,270,000 123.6% 0.5%
HEALTH ADVANTAGE FEDERAL CREDIT UNION $2,010,000 $2,185,000 8.7% 0.4%
Flagstar Bank, FSB $2,720,000 $2,065,000 -24.1% 0.4%
Mercantile Bank of Michigan $2,095,000 $2,020,000 -3.6% 0.4%
MEMBERS FIRST Credit Union $1,360,000 $2,010,000 47.8% 0.4%
GreenStone Farm Credit Services, FLCA $4,510,000 $1,880,000 -58.3% 0.4%
Servion, Inc. $2,275,000 $1,845,000 -18.9% 0.4%
USAA Federal Savings Bank $1,620,000 $1,815,000 12.0% 0.4%
J. VIRGIL, INC. $820,000 $1,800,000 119.5% 0.4%
21ST MORTGAGE CORPORATION $955,000 $1,680,000 75.9% 0.3%
LAKEVIEW LOAN SERVICING, LLC $1,280,000 $1,590,000 24.2% 0.3%
AMERISAVE MORTGAGE CORPORATION $1,980,000 $1,540,000 -22.2% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $610,000 $1,455,000 138.5% 0.3%
Carrington Mortgage Services, LLC $1,360,000 $1,350,000 -0.7% 0.3%
Lake Huron Credit Union $1,865,000 $1,280,000 -31.4% 0.3%
NORTHERN MORTGAGE SERVICES, LLC $1,205,000 n/a 0.2%
Bank of America $260,000 $1,155,000 344.2% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $375,000 $1,155,000 208.0% 0.2%
PLAZA HOME MORTGAGE, INC. $135,000 $1,145,000 748.1% 0.2%
GENEVA FINANCIAL, LLC $1,140,000 n/a 0.2%
LENDINGHOME FUNDING CORPORATION $305,000 $1,140,000 273.8% 0.2%
U.S. Bank $420,000 $1,115,000 165.5% 0.2%
The Dart Bank $495,000 $1,040,000 110.1% 0.2%
HOME POINT FINANCIAL CORPORATION $1,035,000 $930,000 -10.1% 0.2%
NEW DAY FINANCIAL, LLC $1,480,000 $900,000 -39.2% 0.2%
AMERICAN FINANCING CORPORATION $870,000 n/a 0.2%
CREDIT UNION ONE $2,630,000 $825,000 -68.6% 0.2%
The State Bank $395,000 $805,000 103.8% 0.2%
Preston Home Loans Inc $770,000 n/a 0.2%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $425,000 $760,000 78.8% 0.2%
Ally Bank $715,000 n/a 0.1%
MORTGAGE CENTER L.C $590,000 $715,000 21.2% 0.1%
MEMBER FIRST MORTGAGE, LLC $760,000 $705,000 -7.2% 0.1%
HOMESIDE FINANCIAL, LLC $645,000 n/a 0.1%
Northpointe Bank $505,000 $640,000 26.7% 0.1%
GUARANTEED RATE, INC. $245,000 $625,000 155.1% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $1,095,000 $625,000 -42.9% 0.1%
Paramount Residential Mortgage Group, Inc. $340,000 $620,000 82.4% 0.1%
BETTER MORTGAGE CORPORATION $345,000 $615,000 78.3% 0.1%
BROKER SOLUTIONS, INC. $795,000 $610,000 -23.3% 0.1%
NAVY FEDERAL CREDIT UNION $2,320,000 $560,000 -75.9% 0.1%
AmeriHome Mortgage Company, LLC $525,000 $525,000 0.0% 0.1%
ROYAL UNITED MORTGAGE LLC $940,000 $495,000 -47.3% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $490,000 n/a 0.1%
WESTERN EXPRESS LENDING $485,000 n/a 0.1%
AMERIFIRST FINANCIAL CORPORATION $1,815,000 $465,000 -74.4% 0.1%
RELIANCE FIRST CAPITAL, LLC $465,000 n/a 0.1%
Citizens Bank $2,050,000 $455,000 -77.8% 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $740,000 $455,000 -38.5% 0.1%
PHH Mortgage Corporation $85,000 $455,000 435.3% 0.1%
ELGA CREDIT UNION $115,000 $450,000 291.3% 0.1%
FINANCE OF AMERICA MORTGAGE LLC $485,000 $445,000 -8.2% 0.1%
Barrington Bank & Trust Company, N.A. $650,000 $425,000 -34.6% 0.1%
MORTGAGE 1 INCORPORATED $675,000 $415,000 -38.5% 0.1%
Wyndham Capital Mortgage, Inc. $415,000 n/a 0.1%
BM Real Estate Services, Inc. $55,000 $405,000 636.4% 0.1%
First Federal Savings Bank $405,000 n/a 0.1%
TOWNE MORTGAGE COMPANY $740,000 $395,000 -46.6% 0.1%
InterContinental Capital Group, Inc $390,000 n/a 0.1%
SUMMIT FUNDING, INC. $460,000 $390,000 -15.2% 0.1%
Chicago Mortgage Solutions LLC $350,000 n/a 0.1%
RUOFF MORTGAGE COMPANY, INC. $345,000 n/a 0.1%
SIRVA MORTGAGE, INC. $345,000 n/a 0.1%
ChoiceOne Bank $370,000 $325,000 -12.2% 0.1%
MICHIGAN SCHOOLS AND GOVERNMENT $325,000 n/a 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $605,000 $325,000 -46.3% 0.1%
ROSS MORTGAGE CORPORATION $235,000 $325,000 38.3% 0.1%
FINANCIAL PLUS CREDIT UNION $95,000 $315,000 231.6% 0.1%
STOCKTON MORTGAGE CORPORATION $315,000 n/a 0.1%
Republic Bank & Trust Company $305,000 n/a 0.1%
Sunflower Bank $300,000 n/a 0.1%
Extra $285,000 n/a 0.1%
Hometown Lenders, Inc. $280,000 n/a 0.1%
SECURITY CREDIT UNION $75,000 $280,000 273.3% 0.1%
GUARANTY HOME MORTGAGE CORPORATION $265,000 n/a 0.1%
Low VA Rates, LLC $345,000 $265,000 -23.2% 0.1%
Southern Michigan Bank & Trust $265,000 n/a 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $255,000 n/a 0.1%
Neighborhood Loans, Inc. $95,000 $250,000 163.2% 0.0%
BLG HOLDINGS, INC. $245,000 n/a 0.0%
CLEARPATH LENDING $565,000 $245,000 -56.6% 0.0%
ADVISORS CAPITAL, INC. $250,000 $240,000 -4.0% 0.0%
ZILLOW HOME LOANS, LLC $125,000 $240,000 92.0% 0.0%
Bank of Ann Arbor $235,000 n/a 0.0%
NP, Inc. $185,000 $235,000 27.0% 0.0%
Northstar Bank $880,000 $220,000 -75.0% 0.0%
Figure Lending LLC $55,000 $200,000 263.6% 0.0%
Bank of Idaho $195,000 n/a 0.0%
FINANCE OF AMERICA COMMERCIAL LLC $190,000 n/a 0.0%
AAC Credit Union $185,000 n/a 0.0%
First Federal Bank $125,000 $185,000 48.0% 0.0%
PLANET HOME LENDING, LLC $235,000 $185,000 -21.3% 0.0%
Auto Club Trust, FSB $175,000 n/a 0.0%
Bank of England $175,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $135,000 $175,000 29.6% 0.0%
The Federal Savings Bank $165,000 $175,000 6.1% 0.0%
Home Mortgage Alliance Corp $160,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $200,000 $160,000 -20.0% 0.0%
ARBOR FINANCIAL CREDIT UNION $595,000 $155,000 -73.9% 0.0%
Magnolia Bank $470,000 $155,000 -67.0% 0.0%
CHURCHILL MORTGAGE CORPORATION $170,000 $150,000 -11.8% 0.0%
First Internet Bank of Indiana $135,000 n/a 0.0%
First State Bank $135,000 n/a 0.0%
Goldwater Bank, N.A. $135,000 n/a 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $185,000 $135,000 -27.0% 0.0%
T&I Credit union $135,000 n/a 0.0%
AMERICAN INTERNET MORTGAGE, INC. $145,000 $125,000 -13.8% 0.0%
First Guaranty Mortgage Corporation $495,000 $125,000 -74.7% 0.0%
INLANTA MORTGAGE, INC. $125,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $125,000 n/a 0.0%
COMMUNITY FINANCIAL CREDIT UNION $115,000 n/a 0.0%
NATIONS RELIABLE LENDING, LLC $115,000 n/a 0.0%
SOUTHWEST STAGE FUNDING, LLC $110,000 n/a 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $155,000 $105,000 -32.3% 0.0%
Citibank $105,000 n/a 0.0%
Dort Financial Credit Union $105,000 n/a 0.0%
JAMES B. NUTTER & COMPANY $105,000 n/a 0.0%
Level One Bank $105,000 n/a 0.0%
SOFI LENDING CORP. $265,000 $105,000 -60.4% 0.0%
SOUTHWEST FUNDING, LP $390,000 $105,000 -73.1% 0.0%
SUN WEST MORTGAGE COMPANY, INC. $455,000 $105,000 -76.9% 0.0%
Discover Bank $310,000 $95,000 -69.4% 0.0%
OCEANSIDE MORTGAGE COMPANY $85,000 $95,000 11.8% 0.0%
PURDUE FEDERAL CREDIT UNION $95,000 n/a 0.0%
FIRST COMMUNITY MORTGAGE, INC. $85,000 $85,000 0.0% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $280,000 $75,000 -73.2% 0.0%
BAYSHORE MORTGAGE FUNDING, LLC $85,000 $75,000 -11.8% 0.0%
First National Bank of Omaha $75,000 n/a 0.0%
GENISYS $475,000 $75,000 -84.2% 0.0%
SPRING EQ, LLC $105,000 $70,000 -33.3% 0.0%
TIAA, FSB $235,000 $70,000 -70.2% 0.0%
Comerica Bank $150,000 $65,000 -56.7% 0.0%
Old Second National Bank $115,000 $55,000 -52.2% 0.0%
UNIVERSITY LENDING GROUP, LLC $260,000 $55,000 -78.8% 0.0%
UIF CORPORATION $45,000 n/a 0.0%
UNITED $45,000 n/a 0.0%
SOVITA Credit Union $25,000 n/a 0.0%
AMERICAN ADVISORS GROUP $100,000 $15,000 -85.0% 0.0%
Lake Trust Credit Union $15,000 n/a 0.0%
WINGS FINANCIAL $205,000 $15,000 -92.7% 0.0%

BAY CITY's top lender by overall market share is QUICKEN LOANS, LLC, with 9.9% market share. In second place, with 7.8%, is ACADEMY MORTGAGE CORPORATION, having originated $39,260,000 in loans. In third place, with 6.1%, is Frankenmuth Credit Union, having originated $30,490,000 in loans. In third place, with 4.4%, is Independent Bank, having originated $22,210,000 in loans. In third place, with 4.3%, is DOW CHEMICAL EMPLOYEES', having originated $21,420,000 in loans.


BAY CITY, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,624 $230,940,000 $142,204
Refi 1,172 $151,570,000 $129,326
Cash Out Refi 857 $103,265,000 $120,496
Home Improvement 117 $7,935,000 $67,821
Other 89 $8,005,000 $89,944

Bay City's most frequently cited loan purpose was Home Purchase, with 1,624 originations. The 2nd most popular reason was Refi, with 1,172 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 1,297 $194,945,000 $150,305
2.5-3% 1,192 $160,760,000 $134,866
<2.5% 692 $81,450,000 $117,702
4-5% 179 $16,555,000 $92,486
5-6% 54 $3,150,000 $58,333
7-8% 24 $2,740,000 $114,167
6-7% 15 $865,000 $57,667
Over 8% 15 $735,000 $49,000

During 2021, Bay City's most frequently originated rate bucket was 3-4%, with 1,297 originations.

Loan Sizing (BAY CITY, MI MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 1,785 $116,295,000 $65,151
$100k-200k 1,580 $219,000,000 $138,608
$200k-400k 449 $118,375,000 $263,641
$400k-600k 33 $15,075,000 $456,818
$600k-1000k 7 $4,535,000 $647,857
$Over $1MM 5 $28,435,000 $5,687,000

BAY CITY's loan sizing saw the bucket of loans from $100,000 or less with 1,785 originations, totaling $116,295,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,451 $213,425,000 $147,088
60-80% 1,134 $170,020,000 $149,929
40-60% 434 $45,120,000 $103,963
20-40% 176 $10,950,000 $62,216
Under 20% 138 $2,270,000 $16,449
Over 100% 19 $3,425,000 $180,263

BAY CITY's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,451 originations, totaling $213,425,000 in origination value.