Cadillac Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Cadillac averaged 6.83% 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 6.86% and one month ago for the week of 2025-05-15, the average rate was 7.03%.

Cadillac's average rate one year ago was 7.37%.

For refis of the same type during the week of 2025-06-18, the average rate was 7.41%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-06-18 6.81%
Cadillac 30 Year Fixed Rate 2025-06-18 6.83%
Cadillac 30 Year Fixed Rate Refi 2025-06-18 7.41%
Cadillac 15 Year Fixed Rate 2025-06-18 5.76%
Cadillac 15 Year Fixed Rate Refi 2025-06-18 6.06%
Cadillac 30 Year FHA 2025-06-18 0.4%
Cadillac 30 Year FHA Refi 2025-06-18 0.2%
Cadillac 30 Year USDA 2025-06-18 -0.2%
Cadillac 30 Year USDA Refi 2025-06-18 0%
Cadillac 30 Year VA 2025-06-18 -0.1%
Cadillac 30 Year VA Refi 2025-06-18 0.1%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Cadillac, MI.

Cadillac 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 Cadillac, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Horizon Bank 33 6.92% $3,405
QUICKEN LOANS, LLC 25 6.75% $5,946
UNITED WHOLESALE MORTGAGE, LLC 24 7.12% $4,926
Fifth Third Bank 21 6.87% $4,175
Mercantile Bank of Michigan 17 6.80% $4,159
CALCON MUTUAL MORTGAGE LLC 17 6.90% $5,811
Independent Bank 13 6.64% $4,233
GUILD MORTGAGE COMPANY 12 6.96% $6,199
MORTGAGE 1 INCORPORATED 11 7.17% $6,027
LAKE MICHIGAN CREDIT UNION 10 6.92% $3,538
The Huntington National Bank 9 7.06% $2,936
J. VIRGIL, INC. 8 7.03% $8,642
NEWREZ LLC 6 7.19% $4,967
Preston Home Loans Inc 5 6.97% $4,676
Flagstar Bank, FSB 5 7.09% $4,520
CREDIT UNION ONE 4 6.28% $3,570
GENISYS 3 6.33% $3,712
Mr. Cooper ( Nationstar Mortgage ) 3 6.91% $7,937
LOANDEPOT.COM, LLC 3 6.75% $4,904
Northpointe Bank 2 6.75% $6,392
CHURCHILL MORTGAGE CORPORATION 2 6.99% $5,512
MORTGAGE CENTER L.C 2 6.81% $3,329
VAN DYK MORTGAGE CORPORATION 2 6.81% $4,705
COMMUNITY FINANCIAL CREDIT UNION 2 6.31% $3,233
FIRST COMMUNITY MORTGAGE, INC. 2 6.69% $4,727
STAUNTON FINANCIAL, INC. 2 7.31% $3,426
JPMorgan Chase Bank 2 6.81% $5,242
The Dart Bank 2 6.88% $3,142
PHH Mortgage Corporation 1 7.63% $4,454
PNC Bank 1 5.88% $2,971
SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $4,844
Union Bank 1 7.38% $2,727
Union Savings Bank 1 6.75% $2,953
UNIVERSITY OF MICHIGAN CREDIT UNION 1 6.88% $2,861
USAA Federal Savings Bank 1 7.00% $4,367
U.S. Bank 1 7.00% $5,354
Adventure Credit Union 1 5.99% $4,604
Warsaw Federal Savings and Loan Association 1 6.60% $5,213
Ally Bank 1 5.63% $6,016
American Mortgage & Equity Consultants, Inc. 1 7.88% $3,786
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.13% $4,734
AMERISAVE MORTGAGE CORPORATION 1 7.63% $5,773
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.62% $3,575
Bank of Colorado 1 6.88% $3,746
BMO Harris Bank 1 7.38% $5,414
BROKER SOLUTIONS, INC. 1 8.13% $11,683
ChoiceOne Bank 1 7.25% $3,964
DFCU FINANCIAL 1 6.63% $3,242
Dort Financial Credit Union 1 6.25% $2,696
FINANCIAL PLUS CREDIT UNION 1 6.88% $3,522
First National Bank of America 1 10.38% $17,081
GREENSTATE CREDIT UNION 1 6.49% $3,588
HOMEXPRESS MORTGAGE CORP. 1 7.00% $17,284
Honor Credit Union 1 6.13% $2,898
Isabella Bank 1 5.63% $2,814
Ixonia Bank 1 7.13% $4,275
MARSHALL COMMUNITY CREDIT UNION 1 8.25% $2,278
MEMBERFOCUS COMMUNITY 1 5.50% $2,952
MEMBERS FIRST Credit Union 1 8.38% $2,544
MICHIGAN ONE COMMUNITY Credit Union 1 7.49% $9,433
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 1 7.13% $3,587
MOVEMENT MORTGAGE, LLC 1 6.88% $4,149
NATIONWIDE MORTGAGE BANKERS, INC. 1 7.13% $3,628
NORTHERN MORTGAGE SERVICES, LLC 1 6.88% $5,485
PENNYMAC LOAN SERVICES, LLC 1 6.99% $5,220

Cadillac Average Closing Costs & Other Stats

Cadillac, MI's 65 lenders originated 896 loans during 2024. The total origination value was $150,180,000, with an average loan value of $167,612.

Cadillac's average closing costs are $4,435.

The top Cadillac lender as defined by loan originations is Horizon Bank, with 33 loans originated. Their average total fees are $3,405, which is $2,541 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Cadillac lenders (with over 10 loans originated) are Horizon Bank ($3,405), LAKE MICHIGAN CREDIT UNION ($3,538), Mercantile Bank of Michigan ($4,159), Fifth Third Bank ($4,175) and Independent Bank ($4,233).

The lowest rate Cadillac lenders (with over 10 loans originated) are Independent Bank (6.64%), QUICKEN LOANS, LLC (6.75%), Mercantile Bank of Michigan (6.80%), Fifth Third Bank (6.87%) and CALCON MUTUAL MORTGAGE LLC (6.90%).

Cadillac, 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
Horizon Bank $21,670,000 $20,560,000 -5.1% 13.7%
QUICKEN LOANS, LLC $12,690,000 $11,990,000 -5.5% 8.0%
UNITED WHOLESALE MORTGAGE, LLC $9,525,000 $8,725,000 -8.4% 5.8%
The Huntington National Bank $9,370,000 $8,450,000 -9.8% 5.6%
Mercantile Bank of Michigan $3,810,000 $8,160,000 114.2% 5.4%
Fifth Third Bank $5,760,000 $7,515,000 30.5% 5.0%
Mortgage Research Center, LLC $2,900,000 $5,665,000 95.3% 3.8%
CALCON MUTUAL MORTGAGE LLC $5,300,000 n/a 3.5%
LAKE MICHIGAN CREDIT UNION $4,330,000 $4,835,000 11.7% 3.2%
Independent Bank $4,670,000 $4,785,000 2.5% 3.2%
GUILD MORTGAGE COMPANY $4,400,000 $4,770,000 8.4% 3.2%
J. VIRGIL, INC. $4,105,000 $4,605,000 12.2% 3.1%
MORTGAGE 1 INCORPORATED $2,900,000 $3,550,000 22.4% 2.4%
GreenStone Farm Credit Services, FLCA $3,350,000 $2,545,000 -24.0% 1.7%
NEWREZ LLC $2,215,000 $2,220,000 0.2% 1.5%
PENNYMAC LOAN SERVICES, LLC $415,000 $2,205,000 431.3% 1.5%
USAA Federal Savings Bank $1,710,000 n/a 1.1%
CREDIT UNION ONE $510,000 $1,285,000 152.0% 0.9%
NAVY FEDERAL CREDIT UNION $1,025,000 $1,180,000 15.1% 0.8%
LOANDEPOT.COM, LLC $355,000 $1,100,000 209.9% 0.7%
Preston Home Loans Inc $295,000 $1,090,000 269.5% 0.7%
STAUNTON FINANCIAL, INC. $965,000 $1,020,000 5.7% 0.7%
Nicolet National Bank $1,075,000 $970,000 -9.8% 0.6%
BMO Harris Bank $965,000 n/a 0.6%
Flagstar Bank, FSB $1,160,000 $940,000 -19.0% 0.6%
FIRST COMMUNITY MORTGAGE, INC. $2,575,000 $935,000 -63.7% 0.6%
UNION HOME MORTGAGE CORP. $970,000 $850,000 -12.4% 0.6%
VAN DYK MORTGAGE CORPORATION $1,035,000 $755,000 -27.1% 0.5%
U.S. Bank $745,000 n/a 0.5%
GENISYS $175,000 $685,000 291.4% 0.5%
FREEDOM MORTGAGE CORPORATION $165,000 $665,000 303.0% 0.4%
Northpointe Bank $275,000 $655,000 138.2% 0.4%
BROKER SOLUTIONS, INC. $670,000 $650,000 -3.0% 0.4%
HOMEXPRESS MORTGAGE CORP. $645,000 n/a 0.4%
TOP FLITE FINANCIAL, INC. $575,000 n/a 0.4%
COMMUNITY FINANCIAL CREDIT UNION $625,000 $570,000 -8.8% 0.4%
NEW DAY FINANCIAL, LLC $665,000 $570,000 -14.3% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $375,000 $550,000 46.7% 0.4%
Isabella Bank $1,125,000 $535,000 -52.4% 0.4%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $1,570,000 $525,000 -66.6% 0.3%
GREENSTATE CREDIT UNION $500,000 n/a 0.3%
AMERISAVE MORTGAGE CORPORATION $215,000 $490,000 127.9% 0.3%
Union Bank $490,000 n/a 0.3%
Northstar Bank $475,000 n/a 0.3%
CHURCHILL MORTGAGE CORPORATION $955,000 $470,000 -50.8% 0.3%
PNC Bank $320,000 $460,000 43.8% 0.3%
Carrington Mortgage Services, LLC $250,000 $440,000 76.0% 0.3%
First National Bank of America $425,000 n/a 0.3%
ChoiceOne Bank $415,000 n/a 0.3%
HOMESIDE FINANCIAL, LLC $410,000 n/a 0.3%
LAKEVIEW LOAN SERVICING, LLC $155,000 $390,000 151.6% 0.3%
KeyBank $355,000 $385,000 8.5% 0.3%
JPMorgan Chase Bank $870,000 $380,000 -56.3% 0.3%
Equity Prime Mortgage LLC $370,000 n/a 0.2%
MORTGAGE CENTER L.C $615,000 $370,000 -39.8% 0.2%
Dort Financial Credit Union $105,000 $350,000 233.3% 0.2%
RUOFF MORTGAGE COMPANY, INC. $345,000 n/a 0.2%
Wildfire Credit Union $205,000 $340,000 65.9% 0.2%
NATIONWIDE MORTGAGE BANKERS, INC. $335,000 n/a 0.2%
CMG MORTGAGE, INC. $325,000 n/a 0.2%
Adventure Credit Union $75,000 $320,000 326.7% 0.2%
Honor Credit Union $225,000 $320,000 42.2% 0.2%
VILLAGE CAPITAL MORTGAGE $320,000 n/a 0.2%
Warsaw Federal Savings and Loan Association $315,000 n/a 0.2%
The Dart Bank $775,000 $310,000 -60.0% 0.2%
Eaton Community Bank $305,000 n/a 0.2%
Union Savings Bank $305,000 n/a 0.2%
Ixonia Bank $295,000 n/a 0.2%
MICHIGAN ONE COMMUNITY Credit Union $285,000 n/a 0.2%
Discover Bank $325,000 $280,000 -13.8% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $510,000 $255,000 -50.0% 0.2%
CARDINAL FINANCIAL $2,295,000 $250,000 -89.1% 0.2%
Magnolia Bank $245,000 n/a 0.2%
MEMBERFOCUS COMMUNITY $245,000 n/a 0.2%
NORTHERN MORTGAGE SERVICES, LLC $285,000 $245,000 -14.0% 0.2%
Meijer Credit Union $240,000 n/a 0.2%
County National Bank $235,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $480,000 $230,000 -52.1% 0.2%
21ST MORTGAGE CORPORATION $390,000 $220,000 -43.6% 0.1%
West Michigan Credit Union $460,000 $220,000 -52.2% 0.1%
First National Bank of Michigan $215,000 n/a 0.1%
TRIAD FINANCIAL SERVICES, INC. $410,000 $215,000 -47.6% 0.1%
Bank of Colorado $205,000 n/a 0.1%
TOWNE MORTGAGE COMPANY $205,000 n/a 0.1%
TEAM ONE CREDIT UNION $550,000 $200,000 -63.6% 0.1%
MOVEMENT MORTGAGE, LLC $195,000 n/a 0.1%
UNIVERSITY OF MICHIGAN CREDIT UNION $175,000 n/a 0.1%
FirstBank $165,000 n/a 0.1%
Plains Commerce Bank $165,000 n/a 0.1%
First Southern National Bank $155,000 n/a 0.1%
United Bank of Michigan $155,000 n/a 0.1%
Ally Bank $145,000 n/a 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $145,000 n/a 0.1%
LONGBRIDGE FINANCIAL, LLC $145,000 n/a 0.1%
PHH Mortgage Corporation $75,000 $135,000 80.0% 0.1%
VIBE CREDIT UNION $120,000 n/a 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $135,000 $115,000 -14.8% 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $115,000 n/a 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $285,000 $115,000 -59.6% 0.1%
CANOPY MORTGAGE, LLC $105,000 n/a 0.1%
Coastal Community Bank $135,000 $105,000 -22.2% 0.1%
CONSTRUCTIVE LOANS, LLC $105,000 n/a 0.1%
DFCU FINANCIAL $80,000 $105,000 31.3% 0.1%
RELIANCE FIRST CAPITAL, LLC $155,000 $105,000 -32.3% 0.1%
The Loan Store, Inc. $245,000 $105,000 -57.1% 0.1%
FINANCIAL PLUS CREDIT UNION $95,000 n/a 0.1%
GUARANTEED RATE, INC. $85,000 n/a 0.1%
MARSHALL COMMUNITY CREDIT UNION $85,000 n/a 0.1%
ADVANTAGE ONE Credit Union $75,000 n/a 0.0%
CONSUMERS $260,000 $75,000 -71.2% 0.0%
American Mortgage & Equity Consultants, Inc. $65,000 n/a 0.0%
CoVantage Credit Union $65,000 n/a 0.0%
Frankenmuth Credit Union $65,000 n/a 0.0%
GREENWOOD $65,000 n/a 0.0%
RESIDENTIAL BANCORP $55,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $45,000 n/a 0.0%
SPRING EQ, LLC $45,000 n/a 0.0%
ADVIA $35,000 n/a 0.0%
MEMBERS FIRST Credit Union $35,000 n/a 0.0%

Cadillac's top lender by overall market share is Horizon Bank, with 13.7% market share. In second place, with 8.0%, is QUICKEN LOANS, LLC, having originated $11,990,000 in loans. In third place, with 5.8%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $8,725,000 in loans. In fourth place, with 5.6%, is The Huntington National Bank, having originated $8,450,000 in loans. In fifth place, with 5.4%, is Mercantile Bank of Michigan, having originated $8,160,000 in loans.

Cadillac, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 438 $94,970,000 $216,826
Cash Out Refi 140 $20,630,000 $147,357
Home Improvement 122 $10,940,000 $89,672
Other 98 $8,570,000 $87,449
Refi 98 $15,070,000 $153,776

Cadillac's most frequently cited loan purpose was Home Purchase, with 438 originations. The 2nd most popular reason was Cash Out Refi, with 140 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 353 $70,775,000 $200,496
Over 8% 231 $19,285,000 $83,485
7-8% 204 $39,430,000 $193,284
5-6% 73 $15,185,000 $208,014
<2.5% 6 $50,000 $8,333
4-5% 5 $855,000 $171,000
2.5-3% 1 $225,000 $225,000

During 2024, Cadillac's most frequently originated rate bucket was 6-7%, with 353 originations.

Loan Sizing (Cadillac, MI MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 324 $48,670,000 $150,216
$100,000 or less 295 $16,885,000 $57,237
$200k-400k 239 $63,345,000 $265,042
$400k-600k 29 $13,905,000 $479,483
$600k-1000k 8 $6,340,000 $792,500
$Over $1MM 1 $1,035,000 $1,035,000

Cadillac's loan sizing saw the bucket of loans from $100k-200k with 324 originations, totaling $48,670,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 312 $71,070,000 $227,788
60-80% 183 $38,015,000 $207,732
20-40% 157 $13,815,000 $87,994
Under 20% 107 $5,035,000 $47,056
40-60% 95 $13,865,000 $145,947
Over 100% 9 $2,655,000 $295,000

Cadillac's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 312 originations, totaling $71,070,000 in origination value.