Detroit - Warren - Dearborn Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Detroit - Warren - Dearborn averaged
7.13%
for the week of 2025-02-06, compared to the national average of
6.89% for the same period.
The average rate for the prior week (2025-01-30) was
7.09% and
one month ago for the week of 2025-01-02, the
average rate was 6.85%.
Detroit - Warren - Dearborn's average rate one year ago was 6.57%.
For refis of the same type during the week of 2025-02-06, the average rate
was 7.03%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2025-02-06 | 6.89% |
Detroit - Warren - Dearborn 30 Year Fixed Rate | 2025-02-06 | 7.13% |
Detroit - Warren - Dearborn 30 Year Fixed Rate Refi | 2025-02-06 | 7.03% |
Detroit - Warren - Dearborn 15 Year Fixed Rate | 2025-02-06 | 6.57% |
Detroit - Warren - Dearborn 15 Year Fixed Rate Refi | 2025-02-06 | 6.6% |
Detroit - Warren - Dearborn 30 Year FHA | 2025-02-06 | 6.61% |
Detroit - Warren - Dearborn 30 Year FHA Refi | 2025-02-06 | 6.2% |
Detroit - Warren - Dearborn 30 Year USDA | 2025-02-06 | 6.68% |
Detroit - Warren - Dearborn 30 Year USDA Refi | 2025-02-06 | 6.5% |
Detroit - Warren - Dearborn 30 Year VA | 2025-02-06 | 6.38% |
Detroit - Warren - Dearborn 30 Year VA Refi | 2025-02-06 | 6.26% |
Detroit - Warren - Dearborn 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 Detroit-Warren-Dearborn, 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.).
Detroit - Warren - Dearborn Average Closing Costs & Other Stats
Detroit-Warren-Dearborn, MI's 381 lenders originated 78,922
loans during 2023. The total origination value was $16,176,010,000, with an average loan value of
$204,962.
Detroit - Warren - Dearborn's average closing costs are $4,161.
The top Detroit - Warren - Dearborn lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
6,739 loans originated. Their average total fees are
$5,983, which is $846
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Detroit - Warren - Dearborn lenders (with over 10 loans originated) are
Discover Bank ($0), PREMIA MORTGAGE, LLC ($1,080), St James Mortgage Corporation ($1,710), Bank of America ($2,031) and TEAM ONE CREDIT UNION ($2,117).
The lowest rate Detroit - Warren - Dearborn lenders (with over 10 loans originated) are
Polish-American Federal Credit Union (5.36%), DIGITAL Federal Credit Union (5.68%), Michigan Legacy Credit Union (5.71%), MEMBERFOCUS COMMUNITY (5.73%) and MICHIGAN SCHOOLS AND GOVERNMENT (5.79%).
Detroit-Warren-Dearborn, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
UNITED WHOLESALE MORTGAGE, LLC | $2,989,535,000 | $2,428,090,000 | -18.8% | 15.0% |
QUICKEN LOANS, LLC | $2,912,725,000 | $1,818,015,000 | -37.6% | 11.2% |
The Huntington National Bank | $1,103,030,000 | $714,070,000 | -35.3% | 4.4% |
LAKE MICHIGAN CREDIT UNION | $788,890,000 | $528,355,000 | -33.0% | 3.3% |
Citizens Bank | $355,000 | $388,320,000 | 109,285.9% | 2.4% |
Flagstar Bank, FSB | $673,865,000 | $377,840,000 | -43.9% | 2.3% |
MORTGAGE 1 INCORPORATED | $567,455,000 | $348,250,000 | -38.6% | 2.2% |
JPMorgan Chase Bank | $678,215,000 | $339,640,000 | -49.9% | 2.1% |
First Merchants Bank | $267,140,000 | $325,250,000 | 21.8% | 2.0% |
STAUNTON FINANCIAL, INC. | $377,825,000 | $290,380,000 | -23.1% | 1.8% |
MICHIGAN SCHOOLS AND GOVERNMENT | $345,805,000 | $278,420,000 | -19.5% | 1.7% |
CROSSCOUNTRY MORTGAGE, LLC | $350,995,000 | $278,125,000 | -20.8% | 1.7% |
PNC Bank | $524,445,000 | $277,475,000 | -47.1% | 1.7% |
Bank of America | $301,345,000 | $245,940,000 | -18.4% | 1.5% |
GENISYS | $348,655,000 | $234,650,000 | -32.7% | 1.5% |
DFCU FINANCIAL | $280,730,000 | $214,690,000 | -23.5% | 1.3% |
Independent Bank | $225,000 | $209,295,000 | 92,920.0% | 1.3% |
First State Bank | $191,925,000 | $190,455,000 | -0.8% | 1.2% |
GUARANTEED RATE, INC. | $278,705,000 | $179,435,000 | -35.6% | 1.1% |
Comerica Bank | $259,455,000 | $171,485,000 | -33.9% | 1.1% |
UNION HOME MORTGAGE CORP. | $186,715,000 | $158,580,000 | -15.1% | 1.0% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $220,945,000 | $151,505,000 | -31.4% | 0.9% |
MICHIGAN MUTUAL, INC. | $230,665,000 | $149,805,000 | -35.1% | 0.9% |
CALIBER HOME LOANS, INC. | $428,895,000 | $148,115,000 | -65.5% | 0.9% |
NEWREZ LLC | $69,010,000 | $145,745,000 | 111.2% | 0.9% |
MICHIGAN FIRST CREDIT UNION | $222,900,000 | $136,845,000 | -38.6% | 0.8% |
Fifth Third Bank | $297,130,000 | $130,940,000 | -55.9% | 0.8% |
CREDIT UNION ONE | $166,285,000 | $126,870,000 | -23.7% | 0.8% |
COMMUNITY FINANCIAL CREDIT UNION | $202,415,000 | $117,360,000 | -42.0% | 0.7% |
PULTE MORTGAGE LLC | $126,765,000 | $114,340,000 | -9.8% | 0.7% |
Mortgage Research Center, LLC | $145,525,000 | $105,150,000 | -27.7% | 0.7% |
ROSS MORTGAGE CORPORATION | $107,930,000 | $98,085,000 | -9.1% | 0.6% |
The Dart Bank | $76,655,000 | $93,125,000 | 21.5% | 0.6% |
U.S. Bank | $135,430,000 | $90,650,000 | -33.1% | 0.6% |
MORTGAGE CENTER L.C | $161,080,000 | $88,480,000 | -45.1% | 0.5% |
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $130,110,000 | $87,955,000 | -32.4% | 0.5% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $146,220,000 | $84,825,000 | -42.0% | 0.5% |
SUCCESS MORTGAGE PARTNERS, INC. | $90,010,000 | $82,250,000 | -8.6% | 0.5% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $133,310,000 | $78,985,000 | -40.8% | 0.5% |
LENDINGHOME FUNDING CORPORATION | $60,435,000 | $70,865,000 | 17.3% | 0.4% |
EVERETT FINANCIAL, INC. | $167,835,000 | $70,425,000 | -58.0% | 0.4% |
Mercantile Bank of Michigan | $27,605,000 | $68,785,000 | 149.2% | 0.4% |
Mr. Cooper ( Nationstar Mortgage ) | $196,145,000 | $65,870,000 | -66.4% | 0.4% |
Wells Fargo Bank | $381,250,000 | $65,235,000 | -82.9% | 0.4% |
LOANDEPOT.COM, LLC | $216,695,000 | $64,905,000 | -70.0% | 0.4% |
PROVIDENT FUNDING ASSOCIATES, L.P. | $24,165,000 | $63,650,000 | 163.4% | 0.4% |
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $108,515,000 | $62,385,000 | -42.5% | 0.4% |
ORIX REAL ESTATE CAPITAL, LLC | $24,415,000 | $56,555,000 | 131.6% | 0.3% |
NAVY FEDERAL CREDIT UNION | $72,970,000 | $56,410,000 | -22.7% | 0.3% |
21ST MORTGAGE CORPORATION | $37,815,000 | $53,615,000 | 41.8% | 0.3% |
PENNYMAC LOAN SERVICES, LLC | $85,605,000 | $52,560,000 | -38.6% | 0.3% |
The State Bank | $136,705,000 | $52,170,000 | -61.8% | 0.3% |
VIBE CREDIT UNION | $56,330,000 | $50,460,000 | -10.4% | 0.3% |
Old National Bank | $62,610,000 | $49,975,000 | -20.2% | 0.3% |
Preston Home Loans Inc | $37,310,000 | $49,890,000 | 33.7% | 0.3% |
M/I FINANCIAL, LLC | $69,475,000 | $48,945,000 | -29.6% | 0.3% |
BROKER SOLUTIONS, INC. | $79,480,000 | $48,935,000 | -38.4% | 0.3% |
GREYSTONE SERVICING COMPANY LLC | $112,610,000 | $47,505,000 | -57.8% | 0.3% |
ChoiceOne Bank | $49,155,000 | $46,820,000 | -4.8% | 0.3% |
WALKER & DUNLOP, LLC | $234,820,000 | $46,240,000 | -80.3% | 0.3% |
UIF CORPORATION | $49,955,000 | $45,165,000 | -9.6% | 0.3% |
FREEDOM MORTGAGE CORPORATION | $113,610,000 | $44,970,000 | -60.4% | 0.3% |
PLAZA HOME MORTGAGE, INC. | $31,320,000 | $44,745,000 | 42.9% | 0.3% |
DAS Acquisition Company, LLC | $43,875,000 | $43,295,000 | -1.3% | 0.3% |
Morgan Stanley Private Bank | $68,315,000 | $42,180,000 | -38.3% | 0.3% |
FIRST COMMUNITY MORTGAGE, INC. | $9,390,000 | $41,100,000 | 337.7% | 0.3% |
J. VIRGIL, INC. | $78,785,000 | $37,720,000 | -52.1% | 0.2% |
AMERISAVE MORTGAGE CORPORATION | $108,460,000 | $37,660,000 | -65.3% | 0.2% |
MEMBERFOCUS COMMUNITY | $36,905,000 | n/a | 0.2% | |
HOMESITE MORTGAGE, LLC | $53,860,000 | $36,545,000 | -32.1% | 0.2% |
University Bank | $9,850,000 | $35,760,000 | 263.0% | 0.2% |
GreenStone Farm Credit Services, FLCA | $39,555,000 | $35,430,000 | -10.4% | 0.2% |
ADVIA | $51,650,000 | $35,305,000 | -31.6% | 0.2% |
COMMUNITY CHOICE CREDIT UNION | $49,245,000 | $33,125,000 | -32.7% | 0.2% |
Grandbridge Real Estate Capital LLC | $31,880,000 | n/a | 0.2% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $29,085,000 | $31,865,000 | 9.6% | 0.2% |
Carrington Mortgage Services, LLC | $40,240,000 | $31,610,000 | -21.4% | 0.2% |
Discover Bank | $19,425,000 | $31,480,000 | 62.1% | 0.2% |
AMERICAN FINANCIAL NETWORK, INC. | $30,820,000 | n/a | 0.2% | |
The Loan Store, Inc. | $30,805,000 | n/a | 0.2% | |
Merchants Capital Corp. | $30,425,000 | n/a | 0.2% | |
Plains Commerce Bank | $39,720,000 | $29,670,000 | -25.3% | 0.2% |
First Independence Bank | $26,275,000 | $28,885,000 | 9.9% | 0.2% |
TRIAD FINANCIAL SERVICES, INC. | $43,330,000 | $26,380,000 | -39.1% | 0.2% |
Commerce Home Mortgage, Inc. | $21,535,000 | $25,480,000 | 18.3% | 0.2% |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $46,170,000 | $25,445,000 | -44.9% | 0.2% |
JONES LANG LASALLE MULTIFAMILY, LLC | $20,855,000 | $24,670,000 | 18.3% | 0.2% |
Dearborn Federal Savings Bank | $28,035,000 | $24,350,000 | -13.1% | 0.2% |
Michigan Educational Credit Union | $29,235,000 | $24,335,000 | -16.8% | 0.2% |
UNIVERSITY OF MICHIGAN CREDIT UNION | $28,765,000 | $23,780,000 | -17.3% | 0.1% |
PREMIA MORTGAGE, LLC | $33,265,000 | $23,645,000 | -28.9% | 0.1% |
THE MORTGAGE LINK, INC. | $23,315,000 | n/a | 0.1% | |
MOVEMENT MORTGAGE, LLC | $11,220,000 | $22,090,000 | 96.9% | 0.1% |
Arbor Realty Trust, Inc. | $35,200,000 | $21,530,000 | -38.8% | 0.1% |
Bank of Ann Arbor | $52,645,000 | $21,035,000 | -60.0% | 0.1% |
LIMA ONE CAPITAL, LLC | $36,715,000 | $20,695,000 | -43.6% | 0.1% |
UBS Bank USA | $27,255,000 | $20,045,000 | -26.5% | 0.1% |
Polish-American Federal Credit Union | $16,530,000 | $19,835,000 | 20.0% | 0.1% |
CMG MORTGAGE, INC. | $101,495,000 | $19,635,000 | -80.7% | 0.1% |
INSPIRE HOME LOANS INC. | $8,720,000 | $19,125,000 | 119.3% | 0.1% |
MEMBER FIRST MORTGAGE, LLC | $38,775,000 | $19,090,000 | -50.8% | 0.1% |
Equity Prime Mortgage LLC | $17,955,000 | $18,780,000 | 4.6% | 0.1% |
CARDINAL FINANCIAL | $46,425,000 | $18,755,000 | -59.6% | 0.1% |
Dort Financial Credit Union | $22,095,000 | $17,510,000 | -20.8% | 0.1% |
USAA Federal Savings Bank | $34,010,000 | $17,445,000 | -48.7% | 0.1% |
First Savings Bank | $38,540,000 | $17,425,000 | -54.8% | 0.1% |
Figure Lending LLC | $22,750,000 | $16,780,000 | -26.2% | 0.1% |
RUOFF MORTGAGE COMPANY, INC. | $17,785,000 | $16,075,000 | -9.6% | 0.1% |
TOWNE MORTGAGE COMPANY | $18,750,000 | $15,885,000 | -15.3% | 0.1% |
COREVEST AMERICAN FINANCE LENDER LLC | $22,115,000 | $15,850,000 | -28.3% | 0.1% |
NATIONS DIRECT MORTGAGE, LLC | $18,300,000 | $15,780,000 | -13.8% | 0.1% |
Northpointe Bank | $22,570,000 | $15,590,000 | -30.9% | 0.1% |
Nations Lending Corporation | $29,605,000 | $15,545,000 | -47.5% | 0.1% |
Southern Michigan Bank & Trust | $5,705,000 | $15,260,000 | 167.5% | 0.1% |
The Farmers & Merchants State Bank | $2,355,000 | $15,210,000 | 545.9% | 0.1% |
Wintrust Bank, N.A. | $345,000 | $15,175,000 | 4,298.6% | 0.1% |
Bank of England | $13,295,000 | $14,650,000 | 10.2% | 0.1% |
Tri-County Bank | $19,020,000 | $14,510,000 | -23.7% | 0.1% |
NEW DAY FINANCIAL, LLC | $18,790,000 | $14,135,000 | -24.8% | 0.1% |
Stifel Bank and Trust | $15,005,000 | $14,050,000 | -6.4% | 0.1% |
Citibank | $12,465,000 | $13,980,000 | 12.2% | 0.1% |
Popular Bank | $13,175,000 | n/a | 0.1% | |
Ally Bank | $37,570,000 | $12,835,000 | -65.8% | 0.1% |
Century Mortgage Company DBA Century Lending Company | $8,695,000 | $12,835,000 | 47.6% | 0.1% |
TBI MORTGAGE COMPANY | $22,780,000 | $12,780,000 | -43.9% | 0.1% |
Public Service Credit Union | $13,805,000 | $12,635,000 | -8.5% | 0.1% |
ZILLOW HOME LOANS, LLC | $9,445,000 | $12,625,000 | 33.7% | 0.1% |
Zeal Credit Union | $10,725,000 | $12,565,000 | 17.2% | 0.1% |
GUIDANCE RESIDENTIAL, LLC | $16,815,000 | $12,370,000 | -26.4% | 0.1% |
ELGA CREDIT UNION | $15,055,000 | $12,365,000 | -17.9% | 0.1% |
OCMBC, INC. | $4,390,000 | $12,260,000 | 179.3% | 0.1% |
Coastal Community Bank | $12,165,000 | n/a | 0.1% | |
NBKC BANK | $13,965,000 | $11,790,000 | -15.6% | 0.1% |
TJC Mortgage, Inc. | $17,875,000 | $11,790,000 | -34.0% | 0.1% |
TOP FLITE FINANCIAL, INC. | $8,855,000 | $11,775,000 | 33.0% | 0.1% |
CONSUMERS | $5,875,000 | $11,755,000 | 100.1% | 0.1% |
BETTER MORTGAGE CORPORATION | $54,910,000 | $11,710,000 | -78.7% | 0.1% |
STOCKTON MORTGAGE CORPORATION | $56,330,000 | $11,610,000 | -79.4% | 0.1% |
BLG HOLDINGS, INC. | $30,575,000 | $11,570,000 | -62.2% | 0.1% |
Christian Financial Credit Union | $10,710,000 | $11,430,000 | 6.7% | 0.1% |
Citadel Servicing Corporation | $2,750,000 | $11,360,000 | 313.1% | 0.1% |
LENDINGONE, LLC | $7,370,000 | $11,345,000 | 53.9% | 0.1% |
GUARANTEED RATE AFFINITY, LLC | $2,045,000 | $10,975,000 | 436.7% | 0.1% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $16,250,000 | $10,870,000 | -33.1% | 0.1% |
RBC Bank, (Georgia) | $6,190,000 | $10,725,000 | 73.3% | 0.1% |
Platinum Home Mortgage Corporation | $94,235,000 | $10,420,000 | -88.9% | 0.1% |
VELOCITY COMMERCIAL CAPITAL, LLC | $4,415,000 | $10,415,000 | 135.9% | 0.1% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $8,790,000 | $10,395,000 | 18.3% | 0.1% |
ADVANTAGE ONE Credit Union | $14,390,000 | $10,290,000 | -28.5% | 0.1% |
THE ANDERSON FINANCIAL GROUP, INC. | $21,395,000 | $10,100,000 | -52.8% | 0.1% |
Cornerstone First Mortgage, Inc | $9,655,000 | n/a | 0.1% | |
First Federal Bank of the Midwest | $26,130,000 | $9,545,000 | -63.5% | 0.1% |
PENTAGON FEDERAL CREDIT UNION | $15,615,000 | $9,440,000 | -39.5% | 0.1% |
Lake Trust Credit Union | $14,755,000 | $9,415,000 | -36.2% | 0.1% |
DELMAR FINANCIAL COMPANY | $2,850,000 | $9,340,000 | 227.7% | 0.1% |
MMS MORTGAGE SERVICES, LTD. | $3,580,000 | $9,260,000 | 158.7% | 0.1% |
GENEVA FINANCIAL, LLC | $16,485,000 | $9,245,000 | -43.9% | 0.1% |
CORNERSTONE HOME LENDING, INC. | $11,640,000 | $9,215,000 | -20.8% | 0.1% |
HOMESIDE FINANCIAL, LLC | $19,635,000 | $9,130,000 | -53.5% | 0.1% |
The Federal Savings Bank | $11,410,000 | $8,840,000 | -22.5% | 0.1% |
BIRMINGHAM-BLOOMFIELD Credit Union | $8,505,000 | $8,760,000 | 3.0% | 0.1% |
NexBank | $3,415,000 | $8,725,000 | 155.5% | 0.1% |
SUN WEST MORTGAGE COMPANY, INC. | $11,150,000 | $8,620,000 | -22.7% | 0.1% |
Sunflower Bank | $15,955,000 | $8,555,000 | -46.4% | 0.1% |
AMERICAN HERITAGE LENDING, INC. | $4,930,000 | $8,345,000 | 69.3% | 0.1% |
HOMEXPRESS MORTGAGE CORP. | $6,695,000 | $8,280,000 | 23.7% | 0.1% |
DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $8,150,000 | $8,090,000 | -0.7% | 0.1% |
KeyBank | $106,065,000 | $8,070,000 | -92.4% | 0.0% |
Prosperity Home Mortgage, LLC | $10,660,000 | $8,025,000 | -24.7% | 0.0% |
ROYAL UNITED MORTGAGE LLC | $9,780,000 | $7,795,000 | -20.3% | 0.0% |
Extra | $10,060,000 | $7,770,000 | -22.8% | 0.0% |
Michigan Legacy Credit Union | $4,780,000 | $7,745,000 | 62.0% | 0.0% |
SECURITY CREDIT UNION | $11,435,000 | $7,735,000 | -32.4% | 0.0% |
Horizon Bank | $11,595,000 | $7,680,000 | -33.8% | 0.0% |
DIGITAL Federal Credit Union | $7,365,000 | $7,670,000 | 4.1% | 0.0% |
VILLAGE CAPITAL MORTGAGE | $8,620,000 | $7,500,000 | -13.0% | 0.0% |
DOMINION FINANCIAL SERVICES, LLC | $8,755,000 | $7,420,000 | -15.2% | 0.0% |
GREENSTATE CREDIT UNION | $9,845,000 | $7,055,000 | -28.3% | 0.0% |