Coldwater Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Coldwater averaged
6.69%
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
6.92% and
one month ago for the week of 2025-05-15, the
average rate was 7.09%.
Coldwater's average rate one year ago was 7.03%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.81%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Coldwater 30 Year Fixed Rate | 2025-06-18 | 6.69% |
| Coldwater 30 Year Fixed Rate Refi | 2025-06-18 | 6.81% |
| Coldwater 15 Year Fixed Rate | 2025-06-18 | 5.76% |
| Coldwater 15 Year Fixed Rate Refi | 2025-06-18 | 6.06% |
| Coldwater 30 Year FHA | 2025-06-18 | 0.1% |
| Coldwater 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Coldwater 30 Year USDA | 2025-06-18 | 0% |
| Coldwater 30 Year USDA Refi | 2025-06-18 | -0.2% |
| Coldwater 30 Year VA | 2025-06-18 | 0.2% |
| Coldwater 30 Year VA Refi | 2025-06-18 | 0% |
Coldwater 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 Coldwater, 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.).
Coldwater Average Closing Costs & Other Stats
Coldwater, MI's 62 lenders originated 793
loans during 2024. The total origination value was $126,265,000, with an average loan value of
$159,224.
Coldwater's average closing costs are $4,212.
The top Coldwater lender as defined by loan originations is GVC MORTGAGE, INC., with
25 loans originated. Their average total fees are
$5,799, which is $2,708
higher than the next largest lender,
OAK MORTGAGE, LLC.
The lowest fee Coldwater lenders (with over 10 loans originated) are
CONSUMERS ($3,023), OAK MORTGAGE, LLC ($3,091), Honor Credit Union ($3,309), UNION HOME MORTGAGE CORP. ($5,381) and RUOFF MORTGAGE COMPANY, INC. ($5,429).
The lowest rate Coldwater lenders (with over 10 loans originated) are
Honor Credit Union (6.34%), CONSUMERS (6.54%), RUOFF MORTGAGE COMPANY, INC. (6.81%), OAK MORTGAGE, LLC (6.82%) and GVC MORTGAGE, INC. (6.92%).
Coldwater, 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 |
|---|---|---|---|---|
| Southern Michigan Bank & Trust | $9,985,000 | $10,405,000 | 4.2% | 8.2% |
| UNION HOME MORTGAGE CORP. | $7,885,000 | $10,150,000 | 28.7% | 8.0% |
| GVC MORTGAGE, INC. | $5,225,000 | $7,650,000 | 46.4% | 6.1% |
| CONSUMERS | $3,395,000 | $6,475,000 | 90.7% | 5.1% |
| QUICKEN LOANS, LLC | $8,780,000 | $6,310,000 | -28.1% | 5.0% |
| OAK MORTGAGE, LLC | $7,520,000 | $4,725,000 | -37.2% | 3.7% |
| The Huntington National Bank | $10,575,000 | $4,575,000 | -56.7% | 3.6% |
| RUOFF MORTGAGE COMPANY, INC. | $3,180,000 | $4,565,000 | 43.6% | 3.6% |
| Honor Credit Union | $3,965,000 | $4,085,000 | 3.0% | 3.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $3,260,000 | $3,395,000 | 4.1% | 2.7% |
| Mortgage Research Center, LLC | $1,890,000 | $3,300,000 | 74.6% | 2.6% |
| Sturgis Bank & Trust Company | $3,000,000 | $3,225,000 | 7.5% | 2.6% |
| Flagstar Bank, FSB | $725,000 | $2,840,000 | 291.7% | 2.2% |
| Three Rivers Federal Credit Union | $305,000 | $2,315,000 | 659.0% | 1.8% |
| The Citizens National Bank of Bluffton | $2,030,000 | n/a | 1.6% | |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $670,000 | $1,670,000 | 149.3% | 1.3% |
| PNC Bank | $2,970,000 | $1,605,000 | -46.0% | 1.3% |
| FirstBank | $1,505,000 | n/a | 1.2% | |
| MARSHALL COMMUNITY CREDIT UNION | $3,530,000 | $1,490,000 | -57.8% | 1.2% |
| 21ST MORTGAGE CORPORATION | $1,240,000 | $1,445,000 | 16.5% | 1.1% |
| LOANDEPOT.COM, LLC | $285,000 | $1,440,000 | 405.3% | 1.1% |
| GreenStone Farm Credit Services, FLCA | $420,000 | $1,370,000 | 226.2% | 1.1% |
| The Farmers & Merchants State Bank | $25,000 | $1,370,000 | 5,380.0% | 1.1% |
| NAVY FEDERAL CREDIT UNION | $430,000 | $1,250,000 | 190.7% | 1.0% |
| STAR Financial Bank | $1,205,000 | n/a | 1.0% | |
| CROSSCOUNTRY MORTGAGE, LLC | $745,000 | $1,190,000 | 59.7% | 0.9% |
| Fifth Third Bank | $930,000 | $1,115,000 | 19.9% | 0.9% |
| County National Bank | $1,225,000 | $1,075,000 | -12.2% | 0.9% |
| MID AMERICA MORTGAGE, INC. | $675,000 | $970,000 | 43.7% | 0.8% |
| BROKER SOLUTIONS, INC. | $860,000 | $930,000 | 8.1% | 0.7% |
| Prosperity Home Mortgage, LLC | $845,000 | n/a | 0.7% | |
| OMNI Community Credit Union | $1,045,000 | $785,000 | -24.9% | 0.6% |
| Carrington Mortgage Services, LLC | $1,320,000 | $775,000 | -41.3% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $815,000 | $765,000 | -6.1% | 0.6% |
| Minster Bank | $755,000 | n/a | 0.6% | |
| FREEDOM MORTGAGE CORPORATION | $745,000 | n/a | 0.6% | |
| Kellogg Community Credit Union | $805,000 | $705,000 | -12.4% | 0.6% |
| MORTGAGE 1 INCORPORATED | $175,000 | $665,000 | 280.0% | 0.5% |
| The State Bank and Trust Company | $195,000 | $660,000 | 238.5% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,045,000 | $655,000 | -37.3% | 0.5% |
| ProFed Federal Credit Union | $265,000 | $635,000 | 139.6% | 0.5% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $450,000 | $630,000 | 40.0% | 0.5% |
| Civista Bank | $625,000 | n/a | 0.5% | |
| USAA Federal Savings Bank | $135,000 | $615,000 | 355.6% | 0.5% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $285,000 | $580,000 | 103.5% | 0.5% |
| GUARANTEED RATE, INC. | $260,000 | $575,000 | 121.2% | 0.5% |
| JPMorgan Chase Bank | $735,000 | $575,000 | -21.8% | 0.5% |
| MORTGAGE CENTER L.C | $845,000 | $575,000 | -32.0% | 0.5% |
| DEEPHAVEN MORTGAGE LLC | $570,000 | n/a | 0.5% | |
| LAKE MICHIGAN CREDIT UNION | $385,000 | $570,000 | 48.1% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $440,000 | $570,000 | 29.5% | 0.5% |
| Commerce Home Mortgage, Inc. | $555,000 | n/a | 0.4% | |
| Northpointe Bank | $380,000 | $555,000 | 46.1% | 0.4% |
| GUILD MORTGAGE COMPANY | $325,000 | $530,000 | 63.1% | 0.4% |
| CARDINAL FINANCIAL | $905,000 | $515,000 | -43.1% | 0.4% |
| First Trust Bank of Illinois | $495,000 | n/a | 0.4% | |
| First Federal Bank of the Midwest | $465,000 | $490,000 | 5.4% | 0.4% |
| ARBOR FINANCIAL CREDIT UNION | $480,000 | n/a | 0.4% | |
| CONTOUR MORTGAGE CORPORATION | $475,000 | n/a | 0.4% | |
| Figure Lending LLC | $150,000 | $465,000 | 210.0% | 0.4% |
| Texana Bank | $460,000 | n/a | 0.4% | |
| GUIDANCE RESIDENTIAL, LLC | $350,000 | $450,000 | 28.6% | 0.4% |
| Farmers State Bank | $460,000 | $440,000 | -4.3% | 0.3% |
| Independent Bank | $105,000 | $430,000 | 309.5% | 0.3% |
| NEWREZ LLC | $75,000 | $425,000 | 466.7% | 0.3% |
| INTERRA CREDIT UNION | $55,000 | $420,000 | 663.6% | 0.3% |
| The Croghan Colonial Bank | $405,000 | n/a | 0.3% | |
| MOVEMENT MORTGAGE, LLC | $390,000 | n/a | 0.3% | |
| LAFCU | $380,000 | n/a | 0.3% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $95,000 | $350,000 | 268.4% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $335,000 | n/a | 0.3% | |
| MIDWEST AMERICA | $365,000 | $325,000 | -11.0% | 0.3% |
| HALLMARK HOME MORTGAGE, LLC | $310,000 | n/a | 0.2% | |
| First National Bank of America | $305,000 | n/a | 0.2% | |
| Peoples Bank | $305,000 | n/a | 0.2% | |
| UIF CORPORATION | $550,000 | $290,000 | -47.3% | 0.2% |
| KEMBA FINANCIAL | $275,000 | n/a | 0.2% | |
| LENDINGONE, LLC | $640,000 | $270,000 | -57.8% | 0.2% |
| EQUITY RESOURCES, INC. | $265,000 | n/a | 0.2% | |
| CREDIT UNION ONE | $260,000 | n/a | 0.2% | |
| American 1 Credit Union | $235,000 | n/a | 0.2% | |
| NexBank | $235,000 | n/a | 0.2% | |
| Superior Credit Union, Inc. | $65,000 | $235,000 | 261.5% | 0.2% |
| The Federal Savings Bank | $235,000 | n/a | 0.2% | |
| FORT FINANCIAL Federal Credit Union | $225,000 | n/a | 0.2% | |
| UNITED | $85,000 | $215,000 | 152.9% | 0.2% |
| Residential Mortgage Solutions, Inc. | $185,000 | n/a | 0.1% | |
| MICHIGAN MUTUAL, INC. | $115,000 | $175,000 | 52.2% | 0.1% |
| The Dart Bank | $175,000 | n/a | 0.1% | |
| CMG MORTGAGE, INC. | $170,000 | n/a | 0.1% | |
| Horizon Bank | $165,000 | n/a | 0.1% | |
| Lake City Bank | $165,000 | n/a | 0.1% | |
| The Loan Store, Inc. | $165,000 | n/a | 0.1% | |
| Discover Bank | $180,000 | $160,000 | -11.1% | 0.1% |
| Old National Bank | $155,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $155,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $145,000 | n/a | 0.1% | |
| Signature Bank, N.A. | $145,000 | n/a | 0.1% | |
| STAUNTON FINANCIAL, INC. | $145,000 | n/a | 0.1% | |
| GENISYS | $35,000 | $140,000 | 300.0% | 0.1% |
| NEW DAY FINANCIAL, LLC | $290,000 | $135,000 | -53.4% | 0.1% |
| UNIVERSITY OF MICHIGAN CREDIT UNION | $135,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $410,000 | $135,000 | -67.1% | 0.1% |
| ADVIA | $265,000 | $110,000 | -58.5% | 0.1% |
| ELGA CREDIT UNION | $110,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $115,000 | $105,000 | -8.7% | 0.1% |
| First Merchants Bank | $95,000 | n/a | 0.1% | |
| Bank of America | $75,000 | n/a | 0.1% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $75,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $65,000 | $75,000 | 15.4% | 0.1% |
| COMMUNITY CHOICE CREDIT UNION | $60,000 | $55,000 | -8.3% | 0.0% |
| GREENWOOD | $55,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $165,000 | $35,000 | -78.8% | 0.0% |
| Meijer Credit Union | $35,000 | n/a | 0.0% |
Coldwater's top lender by overall market share is Southern Michigan Bank & Trust, with 8.2% market share. In second place, with 8.0%, is UNION HOME MORTGAGE CORP., having originated $10,150,000 in loans. In third place, with 6.1%, is GVC MORTGAGE, INC., having originated $7,650,000 in loans. In fourth place, with 5.1%, is CONSUMERS, having originated $6,475,000 in loans. In fifth place, with 5.0%, is QUICKEN LOANS, LLC, having originated $6,310,000 in loans.
Coldwater, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 405 | $84,895,000 | $209,617 |
| Cash Out Refi | 128 | $16,780,000 | $131,094 |
| Other | 90 | $6,460,000 | $71,778 |
| Refi | 89 | $11,755,000 | $132,079 |
| Home Improvement | 80 | $5,820,000 | $72,750 |
| NA | 1 | $555,000 | $555,000 |
Coldwater's most frequently cited loan purpose was Home Purchase, with 405 originations. The 2nd most popular reason was Cash Out Refi, with 128 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 260 | $50,410,000 | $193,885 |
| Over 8% | 168 | $15,110,000 | $89,940 |
| 7-8% | 150 | $29,740,000 | $198,267 |
| 5-6% | 80 | $14,100,000 | $176,250 |
| 4-5% | 4 | $840,000 | $210,000 |
| <2.5% | 3 | $35,000 | $11,667 |
| 3-4% | 2 | $250,000 | $125,000 |
During 2024, Coldwater's most frequently originated rate bucket was 6-7%, with 260 originations.
Loan Sizing (Coldwater, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 316 | $16,760,000 | $53,038 |
| $100k-200k | 267 | $39,415,000 | $147,622 |
| $200k-400k | 163 | $44,335,000 | $271,994 |
| $400k-600k | 35 | $16,395,000 | $468,429 |
| $600k-1000k | 11 | $7,855,000 | $714,091 |
| $Over $1MM | 1 | $1,505,000 | $1,505,000 |
Coldwater's loan sizing saw the bucket of loans from $100,000 or less with 316 originations, totaling $16,760,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 269 | $52,655,000 | $195,743 |
| 60-80% | 127 | $29,615,000 | $233,189 |
| 20-40% | 106 | $9,350,000 | $88,208 |
| Under 20% | 85 | $3,565,000 | $41,941 |
| 40-60% | 67 | $10,175,000 | $151,866 |
| Over 100% | 10 | $2,570,000 | $257,000 |
Coldwater's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 269 originations, totaling $52,655,000 in origination value.