Cadillac Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Cadillac averaged 7.04% for the week of 2025-07-10, compared to the national average of 6.72% for the same period.

    The average rate for the prior week (2025-07-03) was 6.99% and one month ago for the week of 2025-06-05, the average rate was 7.27%.

    Cadillac's average rate one year ago was 7.07%.

    For refis of the same type during the week of 2025-07-10, the average rate was 7.02%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-07-10 6.72%
    Cadillac 30 Year Fixed Rate 2025-07-10 7.04%
    Cadillac 30 Year Fixed Rate Refi 2025-07-10 7.02%
    Cadillac 15 Year Fixed Rate 2025-07-10 5.96%
    Cadillac 15 Year Fixed Rate Refi 2025-07-10 6.26%
    Cadillac 30 Year FHA 2025-07-10 6.73%
    Cadillac 30 Year FHA Refi 2025-07-10 6.62%
    Cadillac 30 Year USDA 2025-07-10 6.25%
    Cadillac 30 Year USDA Refi 2025-07-10 6.55%
    Cadillac 30 Year VA 2025-07-10 6.17%
    Cadillac 30 Year VA Refi 2025-07-10 6.37%
    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.