JACKSON Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Jackson averaged 6.22% for the week of 2024-10-10, compared to the national average of 6.32% for the same period.

The average rate for the prior week (2024-10-03) was 6.42% and one month ago for the week of 2024-09-05, the average rate was 6.45%.

Jackson's average rate one year ago was 7.79%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.62%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Jackson 30 Year Fixed Rate 2024-10-10 6.22%
Jackson 30 Year Fixed Rate Refi 2024-10-10 6.62%
Jackson 15 Year Fixed Rate 2024-10-10 5.21%
Jackson 15 Year Fixed Rate Refi 2024-10-10 5.41%
Jackson 30 Year FHA 2024-10-10 6.32%
Jackson 30 Year FHA Refi 2024-10-10 6.2%
Jackson 30 Year USDA 2024-10-10 5.98%
Jackson 30 Year USDA Refi 2024-10-10 6.18%
Jackson 30 Year VA 2024-10-10 5.98%
Jackson 30 Year VA Refi 2024-10-10 5.85%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within JACKSON, MI.

JACKSON 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 JACKSON, 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
The Dart Bank 92 6.85% $3,391
Flagstar Bank, FSB 85 6.95% $4,137
QUICKEN LOANS, LLC 81 6.91% $6,050
MORTGAGE 1 INCORPORATED 64 7.18% $5,345
County National Bank 57 7.06% $4,327
RUOFF MORTGAGE COMPANY, INC. 48 6.72% $3,496
UNITED WHOLESALE MORTGAGE, LLC 47 6.96% $4,855
The Huntington National Bank 46 6.94% $3,561
CROSSCOUNTRY MORTGAGE, LLC 44 7.20% $5,705
Waterstone Mortgage Corporation 36 7.01% $4,486
STAUNTON FINANCIAL, INC. 31 6.52% $4,281
TOWNE MORTGAGE COMPANY 26 6.85% $5,938
Independent Bank 18 6.77% $3,841
LAKE MICHIGAN CREDIT UNION 14 6.58% $3,960
MORTGAGE CENTER L.C 13 6.50% $3,623
JPMorgan Chase Bank 11 6.90% $4,156
First Merchants Bank 10 6.59% $3,531
Mr. Cooper ( Nationstar Mortgage ) 10 7.10% $6,976
Fifth Third Bank 9 6.98% $5,997
UNION HOME MORTGAGE CORP. 9 7.26% $4,239
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 8 7.22% $5,494
First Federal Bank of the Midwest 8 7.14% $3,967
PNC Bank 8 6.84% $3,605
University Bank 7 7.00% $4,083
The State Bank 7 7.25% $1,644
Comerica Bank 7 7.05% $2,979
DFCU FINANCIAL 7 6.52% $3,793
Bank of America 6 6.96% $3,883
HOWARD HANNA FINANCIAL SERVICES, INC. 6 6.54% $4,636
ROSS MORTGAGE CORPORATION 6 7.12% $4,808
NAVY FEDERAL CREDIT UNION 6 6.63% $3,546
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 6 6.31% $3,984
Old National Bank 5 6.85% $2,705
BROKER SOLUTIONS, INC. 5 7.65% $4,132
NEWREZ LLC 4 7.25% $6,410
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.88% $3,103
PENNYMAC LOAN SERVICES, LLC 4 7.03% $3,800
DAS Acquisition Company, LLC 4 6.63% $5,980
TLC COMMUNITY Credit Union 4 7.41% $2,973
UNIVERSITY OF MICHIGAN CREDIT UNION 4 6.66% $2,843
GVC MORTGAGE, INC. 4 7.09% $5,625
Citizens Bank 4 6.13% $5,682
LOANDEPOT.COM, LLC 4 6.81% $4,926
Morgan Stanley Private Bank 3 6.18% $3,420
J. VIRGIL, INC. 3 6.71% $4,286
MEMBER FIRST MORTGAGE, LLC 3 6.83% $3,536
Wells Fargo Bank 3 6.00% $2,113
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 7.08% $7,055
MICHIGAN FIRST CREDIT UNION 3 7.04% $3,313
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.71% $5,667
SUCCESS MORTGAGE PARTNERS, INC. 3 6.88% $5,389
MICHIGAN MUTUAL, INC. 3 7.21% $7,449
Mortgage Research Center, LLC 3 6.42% $4,576
ROYAL UNITED MORTGAGE LLC 3 6.75% $6,349
GUARANTEED RATE, INC. 2 6.63% $3,271
KeyBank 2 6.06% $3,653
MOVEMENT MORTGAGE, LLC 2 7.53% $6,166
MARSHALL COMMUNITY CREDIT UNION 2 5.31% $1,942
MEMBERFOCUS COMMUNITY 2 5.19% $2,747
Mercantile Bank of Michigan 2 6.13% $4,815
AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 6.31% $3,724
TOP FLITE FINANCIAL, INC. 2 6.56% $5,286
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.13% $5,445
BLG HOLDINGS, INC. 2 7.19% $7,806
Plains Commerce Bank 2 7.06% $4,522
OAK MORTGAGE, LLC 2 6.88% $2,824
CONSUMERS 2 7.13% $2,627
USAA Federal Savings Bank 2 6.44% $4,528
Northpointe Bank 2 8.13% $7,152
NEXERA HOLDING LLC 2 8.81% $6,673
AMERICAN FINANCIAL NETWORK, INC. 2 7.00% $4,453
CHURCHILL MORTGAGE CORPORATION 2 7.56% $3,063
Neighborhood Loans, Inc. 2 6.69% $4,253
ZILLOW HOME LOANS, LLC 1 7.63% $7,814
ALLIANT CREDIT UNION 1 6.75% $4,063
American Airlines Federal Credit Union 1 6.00% $0
AMERICAN FINANCING CORPORATION 1 5.88% $3,978
AMERISAVE MORTGAGE CORPORATION 1 7.25% $6,547
Bank of Ann Arbor 1 6.75% $2,763
BAY EQUITY LLC 1 6.38% $3,908
BETTER MORTGAGE CORPORATION 1 6.63% $2,776
BMO Harris Bank 1 7.00% $4,008
CARDINAL FINANCIAL 1 6.63% $7,354
CONTOUR MORTGAGE CORPORATION 1 7.50% $8,572
CORNERSTONE HOME LENDING, INC. 1 6.63% $6,001
CRESCENT MORTGAGE COMPANY 1 5.88% $5,788
Directions Credit Union, Inc. 1 6.00% $0
Discover Bank 1 9.74% $0
Dort Financial Credit Union 1 5.25% $2,721
DOW CHEMICAL EMPLOYEES' 1 7.38% $5,332
EMM LOANS LLC 1 5.88% $6,020
EQUITY RESOURCES, INC. 1 7.00% $6,737
EVERETT FINANCIAL, INC. 1 6.88% $4,474
FINANCIAL PLUS CREDIT UNION 1 6.13% $2,389
First Bank 1 7.38% $6,221
First National Bank of Omaha 1 5.88% $3,190
First Savings Bank 1 6.88% $12,171
First United Bank and Trust Company 1 6.88% $3,565
FREEDOM MORTGAGE CORPORATION 1 8.00% $8,891
GENISYS 1 5.88% $3,243
GreenStone Farm Credit Services, FLCA 1 8.60% $2,559
GSF Mortgage Corporation 1 6.63% $2,252
GUARANTEED RATE AFFINITY, LLC 1 6.63% $2,760
INTERRA CREDIT UNION 1 5.88% $2,490
Kellogg Community Credit Union 1 7.38% $2,446
LAFCU 1 5.38% $3,255
MICHIGAN SCHOOLS AND GOVERNMENT 1 5.13% $2,455
MMS MORTGAGE SERVICES, LTD. 1 7.00% $3,618
NBKC BANK 1 6.88% $2,668
NexBank 1 6.25% $5,547
NFM, INC. 1 6.75% $12,318
PENTAGON FEDERAL CREDIT UNION 1 5.75% $3,392
PREMIA MORTGAGE, LLC 1 6.63% $3,023
Preston Home Loans Inc 1 7.63% $3,816
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.13% $4,079
Prosperity Home Mortgage, LLC 1 6.88% $5,276
PURDUE FEDERAL CREDIT UNION 1 6.88% $2,315
RELIANCE FIRST CAPITAL, LLC 1 6.25% $5,816
SIRVA MORTGAGE, INC. 1 7.75% $1,408
Sunflower Bank 1 7.25% $3,651
The Federal Savings Bank 1 7.25% $4,963
The Genoa Banking Company 1 6.25% $3,373
The Loan Store, Inc. 1 6.88% $2,981
Truist 1 6.49% $3,466
VAN DYK MORTGAGE CORPORATION 1 7.63% $3,866
ACADEMY MORTGAGE CORPORATION 1 7.75% $5,560

JACKSON Average Closing Costs & Other Stats

JACKSON, MI's 126 lenders originated 2,948 loans during 2023. The total origination value was $470,660,000, with an average loan value of $159,654.

JACKSON's average closing costs are $4,310.

The top JACKSON lender as defined by loan originations is The Dart Bank, with 92 loans originated. Their average total fees are $3,391, which is $746 lower than the next largest lender, Flagstar Bank, FSB.

The lowest fee JACKSON lenders (with over 10 loans originated) are The Dart Bank ($3,391), RUOFF MORTGAGE COMPANY, INC. ($3,496), First Merchants Bank ($3,531), The Huntington National Bank ($3,561) and MORTGAGE CENTER L.C ($3,623).

The lowest rate JACKSON lenders (with over 10 loans originated) are MORTGAGE CENTER L.C (6.50%), STAUNTON FINANCIAL, INC. (6.52%), LAKE MICHIGAN CREDIT UNION (6.58%), First Merchants Bank (6.59%) and RUOFF MORTGAGE COMPANY, INC. (6.72%).

JACKSON, 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
QUICKEN LOANS, LLC $59,705,000 $36,395,000 -39.0% 7.7%
The Dart Bank $36,685,000 $26,365,000 -28.1% 5.6%
CP Financial Credit Union $35,995,000 $25,645,000 -28.8% 5.4%
MORTGAGE 1 INCORPORATED $31,085,000 $25,340,000 -18.5% 5.4%
Flagstar Bank, FSB $35,375,000 $25,065,000 -29.1% 5.3%
The Huntington National Bank $28,210,000 $23,950,000 -15.1% 5.1%
County National Bank $34,780,000 $22,930,000 -34.1% 4.9%
UNITED WHOLESALE MORTGAGE, LLC $24,025,000 $19,825,000 -17.5% 4.2%
RUOFF MORTGAGE COMPANY, INC. $25,755,000 $16,050,000 -37.7% 3.4%
Prudential Huntoon Paige Associates, LLC $13,975,000 n/a 3.0%
CROSSCOUNTRY MORTGAGE, LLC $21,765,000 $13,475,000 -38.1% 2.9%
Mortgage Research Center, LLC $14,865,000 $9,025,000 -39.3% 1.9%
TOWNE MORTGAGE COMPANY $875,000 $7,665,000 776.0% 1.6%
Waterstone Mortgage Corporation $10,675,000 $7,075,000 -33.7% 1.5%
STAUNTON FINANCIAL, INC. $5,160,000 $7,030,000 36.2% 1.5%
Comerica Bank $8,750,000 $6,790,000 -22.4% 1.4%
GreenStone Farm Credit Services, FLCA $4,745,000 $6,030,000 27.1% 1.3%
Regions Bank $115,000 $5,755,000 4,904.3% 1.2%
Independent Bank $5,225,000 $5,280,000 1.1% 1.1%
LAKE MICHIGAN CREDIT UNION $7,235,000 $5,015,000 -30.7% 1.1%
COMMUNITY CHOICE CREDIT UNION $4,155,000 $4,575,000 10.1% 1.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $7,895,000 $4,555,000 -42.3% 1.0%
First Federal Bank of the Midwest $3,780,000 $4,530,000 19.8% 1.0%
Fifth Third Bank $10,200,000 $4,330,000 -57.5% 0.9%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $6,650,000 $4,195,000 -36.9% 0.9%
UNION HOME MORTGAGE CORP. $3,240,000 $4,155,000 28.2% 0.9%
PNC Bank $11,420,000 $3,120,000 -72.7% 0.7%
Southern Michigan Bank & Trust $15,625,000 $3,080,000 -80.3% 0.7%
NAVY FEDERAL CREDIT UNION $1,295,000 $3,035,000 134.4% 0.6%
MORTGAGE CENTER L.C $4,610,000 $3,020,000 -34.5% 0.6%
PENNYMAC LOAN SERVICES, LLC $3,040,000 $2,860,000 -5.9% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $6,530,000 $2,805,000 -57.0% 0.6%
University Bank $2,190,000 $2,780,000 26.9% 0.6%
JPMorgan Chase Bank $3,835,000 $2,770,000 -27.8% 0.6%
Bank of America $1,650,000 $2,695,000 63.3% 0.6%
First Merchants Bank $3,310,000 $2,630,000 -20.5% 0.6%
TRIAD FINANCIAL SERVICES, INC. $4,160,000 $2,630,000 -36.8% 0.6%
American 1 Credit Union $2,495,000 n/a 0.5%
ORIX REAL ESTATE CAPITAL, LLC $2,405,000 n/a 0.5%
Old National Bank $19,555,000 $2,340,000 -88.0% 0.5%
Eaton Community Bank $2,270,000 n/a 0.5%
GVC MORTGAGE, INC. $2,510,000 $2,265,000 -9.8% 0.5%
Citizens Bank $2,490,000 $2,205,000 -11.4% 0.5%
UNIVERSITY OF MICHIGAN CREDIT UNION $1,485,000 $2,065,000 39.1% 0.4%
DFCU FINANCIAL $3,140,000 $2,035,000 -35.2% 0.4%
ROSS MORTGAGE CORPORATION $755,000 $1,985,000 162.9% 0.4%
NEWREZ LLC $2,930,000 $1,860,000 -36.5% 0.4%
BROKER SOLUTIONS, INC. $2,545,000 $1,750,000 -31.2% 0.4%
The State Bank $4,215,000 $1,695,000 -59.8% 0.4%
HOWARD HANNA FINANCIAL SERVICES, INC. $4,100,000 $1,535,000 -62.6% 0.3%
NEW DAY FINANCIAL, LLC $1,080,000 $1,500,000 38.9% 0.3%
AMERICAN FINANCIAL NETWORK, INC. $1,455,000 n/a 0.3%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $1,015,000 $1,435,000 41.4% 0.3%
LOANDEPOT.COM, LLC $5,705,000 $1,340,000 -76.5% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $1,405,000 $1,335,000 -5.0% 0.3%
Wells Fargo Bank $3,250,000 $1,335,000 -58.9% 0.3%
DAS Acquisition Company, LLC $580,000 $1,315,000 126.7% 0.3%
MICHIGAN MUTUAL, INC. $2,330,000 $1,275,000 -45.3% 0.3%
MICHIGAN FIRST CREDIT UNION $295,000 $1,250,000 323.7% 0.3%
Morgan Stanley Private Bank $800,000 $1,165,000 45.6% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,465,000 $1,140,000 -53.8% 0.2%
SUCCESS MORTGAGE PARTNERS, INC. $1,125,000 $1,110,000 -1.3% 0.2%
USAA Federal Savings Bank $1,400,000 $1,100,000 -21.4% 0.2%
21ST MORTGAGE CORPORATION $740,000 $1,095,000 48.0% 0.2%
MOVEMENT MORTGAGE, LLC $685,000 $1,080,000 57.7% 0.2%
TLC COMMUNITY Credit Union $2,325,000 $1,070,000 -54.0% 0.2%
TOP FLITE FINANCIAL, INC. $1,170,000 $1,040,000 -11.1% 0.2%
FREEDOM MORTGAGE CORPORATION $5,225,000 $1,020,000 -80.5% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,560,000 $995,000 -36.2% 0.2%
J. VIRGIL, INC. $2,330,000 $980,000 -57.9% 0.2%
AMERISAVE MORTGAGE CORPORATION $3,595,000 $975,000 -72.9% 0.2%
Northpointe Bank $1,170,000 $950,000 -18.8% 0.2%
MARSHALL COMMUNITY CREDIT UNION $880,000 $945,000 7.4% 0.2%
Homestead Savings Bank $1,990,000 $935,000 -53.0% 0.2%
GUILD MORTGAGE COMPANY $920,000 n/a 0.2%
COMMUNITY FINANCIAL CREDIT UNION $920,000 $915,000 -0.5% 0.2%
CARDINAL FINANCIAL $1,955,000 $910,000 -53.5% 0.2%
Carrington Mortgage Services, LLC $2,205,000 $910,000 -58.7% 0.2%
KeyBank $1,335,000 $900,000 -32.6% 0.2%
Lake Trust Credit Union $710,000 $815,000 14.8% 0.2%
CREDIT UNION ONE $545,000 $800,000 46.8% 0.2%
EQUITY RESOURCES, INC. $2,145,000 $790,000 -63.2% 0.2%
CONSUMERS $1,315,000 $780,000 -40.7% 0.2%
Mercantile Bank of Michigan $1,440,000 $780,000 -45.8% 0.2%
Directions Credit Union, Inc. $630,000 $770,000 22.2% 0.2%
GUARANTEED RATE, INC. $1,235,000 $720,000 -41.7% 0.2%
BETTER MORTGAGE CORPORATION $115,000 $710,000 517.4% 0.2%
DOMINION FINANCIAL SERVICES, LLC $675,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $2,305,000 $675,000 -70.7% 0.1%
CHURCHILL MORTGAGE CORPORATION $390,000 $660,000 69.2% 0.1%
ROYAL UNITED MORTGAGE LLC $1,185,000 $620,000 -47.7% 0.1%
GUARANTEED RATE AFFINITY, LLC $315,000 $610,000 93.7% 0.1%
Platinum Home Mortgage Corporation $375,000 $610,000 62.7% 0.1%
NexBank $575,000 n/a 0.1%
First Savings Bank $1,840,000 $570,000 -69.0% 0.1%
ALLIANT CREDIT UNION $255,000 $565,000 121.6% 0.1%
BLG HOLDINGS, INC. $720,000 $565,000 -21.5% 0.1%
Discover Bank $470,000 $560,000 19.1% 0.1%
Preston Home Loans Inc $205,000 $535,000 161.0% 0.1%
The Federal Savings Bank $855,000 $530,000 -38.0% 0.1%
MEMBER FIRST MORTGAGE, LLC $1,050,000 $520,000 -50.5% 0.1%
LAFCU $520,000 $495,000 -4.8% 0.1%
Nations Lending Corporation $435,000 $485,000 11.5% 0.1%
BMO Harris Bank $475,000 n/a 0.1%
CORNERSTONE HOME LENDING, INC. $550,000 $470,000 -14.5% 0.1%
FINANCE OF AMERICA REVERSE LLC $465,000 n/a 0.1%
Plains Commerce Bank $985,000 $465,000 -52.8% 0.1%
MEMBERFOCUS COMMUNITY $460,000 n/a 0.1%
NETWORK CAPITAL FUNDING CORPORATION $130,000 $455,000 250.0% 0.1%
CALIBER HOME LOANS, INC. $5,680,000 $445,000 -92.2% 0.1%
RESIDENTIAL BANCORP $445,000 n/a 0.1%
TBK BANK, SSB $445,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $260,000 $440,000 69.2% 0.1%
EVANSVILLE TEACHERS $430,000 n/a 0.1%
HOMESTAR FINANCIAL CORPORATION $425,000 n/a 0.1%
U.S. Bank $1,870,000 $425,000 -77.3% 0.1%
Coastal Community Bank $420,000 n/a 0.1%
Macatawa Bank $415,000 n/a 0.1%
MJW Financial LLC $415,000 n/a 0.1%
THE MORTGAGE LINK, INC. $415,000 n/a 0.1%
Figure Lending LLC $560,000 $390,000 -30.4% 0.1%
AMERICAN HERITAGE LENDING, INC. $365,000 n/a 0.1%
PLAZA HOME MORTGAGE, INC. $735,000 $360,000 -51.0% 0.1%
NBKC BANK $355,000 n/a 0.1%
OAK MORTGAGE, LLC $780,000 $355,000 -54.5% 0.1%
SIRVA MORTGAGE, INC. $350,000 n/a 0.1%
VAN DYK MORTGAGE CORPORATION $360,000 $350,000 -2.8% 0.1%
NEXERA HOLDING LLC $215,000 $345,000 60.5% 0.1%
Truist $155,000 $335,000 116.1% 0.1%
The Loan Store, Inc. $330,000 n/a 0.1%
MMS MORTGAGE SERVICES, LTD. $325,000 n/a 0.1%
Equity Prime Mortgage LLC $320,000 $320,000 0.0% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $320,000 n/a 0.1%
ARBOR FINANCIAL CREDIT UNION $1,015,000 $310,000 -69.5% 0.1%
GENISYS $495,000 $310,000 -37.4% 0.1%
First Bank $305,000 n/a 0.1%
WINGS FINANCIAL $355,000 $305,000 -14.1% 0.1%
ADVIA $15,000 $300,000 1,900.0% 0.1%
NFM, INC. $295,000 n/a 0.1%
PURDUE FEDERAL CREDIT UNION $265,000 $295,000 11.3% 0.1%
Neighborhood Loans, Inc. $1,440,000 $280,000 -80.6% 0.1%
EVERETT FINANCIAL, INC. $2,360,000 $265,000 -88.8% 0.1%
TEACHERS CREDIT UNION $265,000 n/a 0.1%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $145,000 $260,000 79.3% 0.1%
Consumers Professional Credit Union $430,000 $260,000 -39.5% 0.1%
Michigan Educational Credit Union $690,000 $260,000 -62.3% 0.1%
The State Bank and Trust Company $45,000 $260,000 477.8% 0.1%
ACADEMY MORTGAGE CORPORATION $475,000 $255,000 -46.3% 0.1%
DOW CHEMICAL EMPLOYEES' $75,000 $255,000 240.0% 0.1%
GUARANTY HOME MORTGAGE CORPORATION $255,000 n/a 0.1%
INTERRA CREDIT UNION $255,000 n/a 0.1%
The Genoa Banking Company $275,000 $255,000 -7.3% 0.1%
LOANPAL, LLC $85,000 $250,000 194.1% 0.1%
VILLAGE CAPITAL MORTGAGE $755,000 $250,000 -66.9% 0.1%
LIMA ONE CAPITAL, LLC $245,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $35,000 $245,000 600.0% 0.1%
Prosperity Home Mortgage, LLC $240,000 n/a 0.1%
FIRST COLONY MORTGAGE CORPORATION $235,000 n/a 0.0%
American Airlines Federal Credit Union $230,000 n/a 0.0%
CLEARPATH LENDING $300,000 $225,000 -25.0% 0.0%
CONTOUR MORTGAGE CORPORATION $225,000 n/a 0.0%
FBC MORTGAGE, LLC $530,000 $215,000 -59.4% 0.0%
LONGBRIDGE FINANCIAL, LLC $215,000 n/a 0.0%
Third Federal Savings and Loan Association of Cleveland $215,000 n/a 0.0%
MICHIGAN SCHOOLS AND GOVERNMENT $1,245,000 $210,000 -83.1% 0.0%
MidFirst Bank $210,000 n/a 0.0%
Bank of Ann Arbor $875,000 $205,000 -76.6% 0.0%
Honor Credit Union $1,415,000 $205,000 -85.5% 0.0%
PLANET HOME LENDING, LLC $430,000 $200,000 -53.5% 0.0%
AMWEST FUNDING CORP. $195,000 n/a 0.0%
HOMESIDE FINANCIAL, LLC $245,000 $195,000 -20.4% 0.0%
TJC Mortgage, Inc. $55,000 $195,000 254.5% 0.0%
Polish-American Federal Credit Union $140,000 $185,000 32.1% 0.0%
GENEVA FINANCIAL, LLC $890,000 $180,000 -79.8% 0.0%
Dort Financial Credit Union $105,000 $175,000 66.7% 0.0%
PREMIA MORTGAGE, LLC $175,000 n/a 0.0%
Sunflower Bank $395,000 $175,000 -55.7% 0.0%
CIVIC FINANCIAL SERVICES, LLC $310,000 $165,000 -46.8% 0.0%
CRESCENT MORTGAGE COMPANY $165,000 n/a 0.0%
Horizon Bank $655,000 $155,000 -76.3% 0.0%
Parda Federal Credit Union $150,000 n/a 0.0%
FINANCIAL PLUS CREDIT UNION $145,000 n/a 0.0%
EMM LOANS LLC $135,000 n/a 0.0%
First National Bank of Omaha $135,000 n/a 0.0%
Ixonia Bank $135,000 n/a 0.0%
Kellogg Community Credit Union $55,000 $135,000 145.5% 0.0%
AMERICAN FINANCING CORPORATION $245,000 $130,000 -46.9% 0.0%
VIBE CREDIT UNION $130,000 n/a 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $230,000 $125,000 -45.7% 0.0%
First United Bank and Trust Company $125,000 n/a 0.0%
Sturgis Bank & Trust Company $235,000 $115,000 -51.1% 0.0%
BAY EQUITY LLC $165,000 $105,000 -36.4% 0.0%
Centier Bank $145,000 $105,000 -27.6% 0.0%
GSF Mortgage Corporation $105,000 n/a 0.0%
MICHIGAN COLUMBUS $105,000 n/a 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $220,000 $105,000 -52.3% 0.0%
UNITED $150,000 $105,000 -30.0% 0.0%
CASE $35,000 $100,000 185.7% 0.0%
ON Q FINANCIAL, INC. $95,000 n/a 0.0%
SPRING EQ, LLC $45,000 $95,000 111.1% 0.0%
Zeal Credit Union $95,000 n/a 0.0%
GREENWOOD $90,000 n/a 0.0%
RELIANCE FIRST CAPITAL, LLC $155,000 $85,000 -45.2% 0.0%
ALL IN $65,000 n/a 0.0%
STAR USA FEDERAL CREDIT UNION $25,000 $65,000 160.0% 0.0%
A&D Mortgage LLC $55,000 n/a 0.0%
Connexus Credit Union $55,000 n/a 0.0%
PARKSIDE $45,000 n/a 0.0%
OMNI Community Credit Union $35,000 n/a 0.0%
GREENSTATE CREDIT UNION $410,000 $15,000 -96.3% 0.0%

JACKSON's top lender by overall market share is QUICKEN LOANS, LLC, with 7.7% market share. In second place, with 5.6%, is The Dart Bank, having originated $26,365,000 in loans. In third place, with 5.4%, is CP Financial Credit Union, having originated $25,645,000 in loans. In fourth place, with 5.4%, is MORTGAGE 1 INCORPORATED, having originated $25,340,000 in loans. In fifth place, with 5.3%, is Flagstar Bank, FSB, having originated $25,065,000 in loans.

JACKSON, MI Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
48118 Jackson, MI MSA $1,180 $1,180 $1,420 $1,730 $1,980
48158 Jackson, MI MSA $950 $950 $1,140 $1,410 $1,640
48827 Jackson, MI MSA $790 $820 $1,010 $1,310 $1,360
49201 Jackson, MI MSA $690 $840 $990 $1,320 $1,500
49202 Jackson, MI MSA $690 $840 $990 $1,320 $1,500
49203 Jackson, MI MSA $720 $870 $1,030 $1,370 $1,560
49204 Jackson, MI MSA $690 $840 $990 $1,320 $1,500
49224 Jackson, MI MSA $630 $710 $870 $1,110 $1,270
49230 Jackson, MI MSA $950 $950 $1,140 $1,410 $1,640
49233 Jackson, MI MSA $650 $790 $930 $1,240 $1,400
49234 Jackson, MI MSA $720 $880 $1,040 $1,380 $1,570
49237 Jackson, MI MSA $630 $760 $900 $1,200 $1,360
49240 Jackson, MI MSA $950 $950 $1,140 $1,430 $1,640
49241 Jackson, MI MSA $620 $750 $890 $1,180 $1,340
49245 Jackson, MI MSA $660 $740 $910 $1,160 $1,330
49246 Jackson, MI MSA $660 $800 $950 $1,260 $1,430
49249 Jackson, MI MSA $750 $900 $1,070 $1,420 $1,620
49250 Jackson, MI MSA $660 $800 $950 $1,260 $1,430
49251 Jackson, MI MSA $820 $850 $1,040 $1,350 $1,400
49252 Jackson, MI MSA $610 $730 $870 $1,160 $1,310
49254 Jackson, MI MSA $670 $810 $960 $1,280 $1,450
49259 Jackson, MI MSA $730 $890 $1,050 $1,400 $1,590
49261 Jackson, MI MSA $690 $830 $980 $1,310 $1,490
49263 Jackson, MI MSA $630 $760 $900 $1,200 $1,360
49264 Jackson, MI MSA $800 $880 $1,060 $1,390 $1,500
49269 Jackson, MI MSA $660 $800 $950 $1,260 $1,430
49272 Jackson, MI MSA $610 $740 $870 $1,160 $1,310
49277 Jackson, MI MSA $740 $900 $1,060 $1,410 $1,600
49283 Jackson, MI MSA $580 $700 $830 $1,100 $1,250
49284 Jackson, MI MSA $800 $940 $1,130 $1,480 $1,670
49285 Jackson, MI MSA $950 $950 $1,140 $1,410 $1,640

2022 Average & Median Rent Data Statistics
JACKSON, MI average 1BR rent: $844, median: $840
JACKSON, MI average 2BR rent: $1,006, median: $990
JACKSON, MI average 3BR rent: $1,314, median: $1,320

JACKSON, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,662 $341,830,000 $205,674
Cash Out Refi 420 $55,770,000 $132,786
Home Improvement 354 $21,980,000 $62,090
Other 304 $21,720,000 $71,447
Refi 208 $29,360,000 $141,154

Jackson's most frequently cited loan purpose was Home Purchase, with 1,662 originations. The 2nd most popular reason was Cash Out Refi, with 420 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,066 $189,510,000 $177,777
7-8% 716 $122,230,000 $170,712
Over 8% 483 $37,805,000 $78,271
5-6% 339 $77,645,000 $229,041
4-5% 19 $4,495,000 $236,579
3-4% 15 $2,465,000 $164,333
<2.5% 4 $2,440,000 $610,000

During 2023, Jackson's most frequently originated rate bucket was 6-7%, with 1,066 originations.

Loan Sizing (JACKSON, MI MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 1,169 $64,765,000 $55,402
$100k-200k 1,047 $152,475,000 $145,630
$200k-400k 624 $168,960,000 $270,769
$400k-600k 87 $41,395,000 $475,805
$600k-1000k 12 $8,400,000 $700,000
$Over $1MM 9 $34,665,000 $3,851,667

JACKSON's loan sizing saw the bucket of loans from $100,000 or less with 1,169 originations, totaling $64,765,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,204 $236,600,000 $196,512
60-80% 500 $113,590,000 $227,180
20-40% 348 $26,810,000 $77,040
Under 20% 288 $11,840,000 $41,111
40-60% 225 $35,405,000 $157,356
Over 100% 24 $8,900,000 $370,833

JACKSON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,204 originations, totaling $236,600,000 in origination value.