JACKSON Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Jackson averaged
6.89%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
6.79% and
one month ago for the week of 2025-05-29, the
average rate was 6.91%.
Jackson's average rate one year ago was 6.78%.
For refis of the same type during the week of 2025-07-03, the average rate
was 6.98%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Jackson 30 Year Fixed Rate | 2025-07-03 | 6.89% |
| Jackson 30 Year Fixed Rate Refi | 2025-07-03 | 6.98% |
| Jackson 15 Year Fixed Rate | 2025-07-03 | 5.6% |
| Jackson 15 Year Fixed Rate Refi | 2025-07-03 | 6.1% |
| Jackson 30 Year FHA | 2025-07-03 | 0.32% |
| Jackson 30 Year FHA Refi | 2025-07-03 | -0.1% |
| Jackson 30 Year USDA | 2025-07-03 | -0.2% |
| Jackson 30 Year USDA Refi | 2025-07-03 | 0.2% |
| Jackson 30 Year VA | 2025-07-03 | -0.05% |
| Jackson 30 Year VA Refi | 2025-07-03 | -0.2% |
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.).
JACKSON Average Closing Costs & Other Stats
JACKSON, MI's 124 lenders originated 3,339
loans during 2024. The total origination value was $586,045,000, with an average loan value of
$175,515.
JACKSON's average closing costs are $4,458.
The top JACKSON lender as defined by loan originations is QUICKEN LOANS, LLC, with
133 loans originated. Their average total fees are
$5,199, which is $1,697
higher than the next largest lender,
The Dart Bank.
The lowest fee JACKSON lenders (with over 10 loans originated) are
Fifth Third Bank ($2,865), RUOFF MORTGAGE COMPANY, INC. ($3,255), LAKE MICHIGAN CREDIT UNION ($3,495), The Dart Bank ($3,502) and The Huntington National Bank ($3,610).
The lowest rate JACKSON lenders (with over 10 loans originated) are
MORTGAGE CENTER L.C (6.29%), LAKE MICHIGAN CREDIT UNION (6.48%), TOWNE MORTGAGE COMPANY (6.53%), MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION (6.68%) and RUOFF MORTGAGE COMPANY, INC. (6.70%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $36,395,000 | $56,010,000 | 53.9% | 9.6% |
| The Dart Bank | $26,365,000 | $38,795,000 | 47.1% | 6.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $19,825,000 | $33,605,000 | 69.5% | 5.7% |
| CP Financial Credit Union | $25,645,000 | $26,880,000 | 4.8% | 4.6% |
| Flagstar Bank, FSB | $25,065,000 | $26,195,000 | 4.5% | 4.5% |
| KeyBank | $900,000 | $25,090,000 | 2,687.8% | 4.3% |
| RUOFF MORTGAGE COMPANY, INC. | $16,050,000 | $23,700,000 | 47.7% | 4.0% |
| The Huntington National Bank | $23,950,000 | $20,005,000 | -16.5% | 3.4% |
| County National Bank | $22,930,000 | $19,370,000 | -15.5% | 3.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $13,475,000 | $18,880,000 | 40.1% | 3.2% |
| Mortgage Research Center, LLC | $9,025,000 | $17,035,000 | 88.8% | 2.9% |
| MORTGAGE 1 INCORPORATED | $25,340,000 | $16,085,000 | -36.5% | 2.7% |
| GreenStone Farm Credit Services, FLCA | $6,030,000 | $10,190,000 | 69.0% | 1.7% |
| PNC Bank | $3,120,000 | $9,015,000 | 188.9% | 1.5% |
| STAUNTON FINANCIAL, INC. | $7,030,000 | $8,420,000 | 19.8% | 1.4% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $4,555,000 | $8,380,000 | 84.0% | 1.4% |
| UNION HOME MORTGAGE CORP. | $4,155,000 | $8,160,000 | 96.4% | 1.4% |
| Southern Michigan Bank & Trust | $3,080,000 | $7,840,000 | 154.5% | 1.3% |
| PENNYMAC LOAN SERVICES, LLC | $2,860,000 | $7,535,000 | 163.5% | 1.3% |
| Comerica Bank | $6,790,000 | $7,415,000 | 9.2% | 1.3% |
| TOWNE MORTGAGE COMPANY | $7,665,000 | $7,280,000 | -5.0% | 1.2% |
| Fifth Third Bank | $4,330,000 | $6,845,000 | 58.1% | 1.2% |
| First Merchants Bank | $2,630,000 | $6,010,000 | 128.5% | 1.0% |
| Waterstone Mortgage Corporation | $7,075,000 | $5,375,000 | -24.0% | 0.9% |
| LAKE MICHIGAN CREDIT UNION | $5,015,000 | $4,785,000 | -4.6% | 0.8% |
| NEWREZ LLC | $1,860,000 | $4,530,000 | 143.5% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $3,035,000 | $4,515,000 | 48.8% | 0.8% |
| JPMorgan Chase Bank | $2,770,000 | $4,500,000 | 62.5% | 0.8% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $4,195,000 | $4,435,000 | 5.7% | 0.8% |
| First Federal Bank of the Midwest | $4,530,000 | $4,325,000 | -4.5% | 0.7% |
| COMMUNITY CHOICE CREDIT UNION | $4,575,000 | $4,225,000 | -7.7% | 0.7% |
| University Bank | $2,780,000 | $3,995,000 | 43.7% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $1,020,000 | $3,950,000 | 287.3% | 0.7% |
| Old National Bank | $2,340,000 | $3,915,000 | 67.3% | 0.7% |
| American 1 Credit Union | $2,495,000 | $3,790,000 | 51.9% | 0.6% |
| MORTGAGE CENTER L.C | $3,020,000 | $3,725,000 | 23.3% | 0.6% |
| MARSHALL COMMUNITY CREDIT UNION | $945,000 | $3,445,000 | 264.6% | 0.6% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $1,535,000 | $3,340,000 | 117.6% | 0.6% |
| Independent Bank | $5,280,000 | $3,135,000 | -40.6% | 0.5% |
| UNIVERSITY OF MICHIGAN CREDIT UNION | $2,065,000 | $2,725,000 | 32.0% | 0.5% |
| TRIAD FINANCIAL SERVICES, INC. | $2,630,000 | $2,500,000 | -4.9% | 0.4% |
| LOANDEPOT.COM, LLC | $1,340,000 | $2,485,000 | 85.4% | 0.4% |
| ROSS MORTGAGE CORPORATION | $1,985,000 | $2,480,000 | 24.9% | 0.4% |
| SUCCESS MORTGAGE PARTNERS, INC. | $1,110,000 | $2,395,000 | 115.8% | 0.4% |
| Citizens Bank | $2,205,000 | $2,230,000 | 1.1% | 0.4% |
| USAA Federal Savings Bank | $1,100,000 | $1,970,000 | 79.1% | 0.3% |
| TLC COMMUNITY Credit Union | $1,070,000 | $1,950,000 | 82.2% | 0.3% |
| MICHIGAN FIRST CREDIT UNION | $1,250,000 | $1,910,000 | 52.8% | 0.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $995,000 | $1,810,000 | 81.9% | 0.3% |
| GVC MORTGAGE, INC. | $2,265,000 | $1,790,000 | -21.0% | 0.3% |
| Figure Lending LLC | $390,000 | $1,695,000 | 334.6% | 0.3% |
| DFCU FINANCIAL | $2,035,000 | $1,690,000 | -17.0% | 0.3% |
| BROKER SOLUTIONS, INC. | $1,750,000 | $1,670,000 | -4.6% | 0.3% |
| CREDIT UNION ONE | $800,000 | $1,665,000 | 108.1% | 0.3% |
| The Loan Store, Inc. | $330,000 | $1,640,000 | 397.0% | 0.3% |
| The State Bank | $1,695,000 | $1,615,000 | -4.7% | 0.3% |
| GUARANTEED RATE, INC. | $720,000 | $1,585,000 | 120.1% | 0.3% |
| NEW DAY FINANCIAL, LLC | $1,500,000 | $1,475,000 | -1.7% | 0.3% |
| FIRST COLONY MORTGAGE CORPORATION | $235,000 | $1,355,000 | 476.6% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $675,000 | $1,355,000 | 100.7% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,805,000 | $1,290,000 | -54.0% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,455,000 | $1,280,000 | -12.0% | 0.2% |
| CARDINAL FINANCIAL | $910,000 | $1,230,000 | 35.2% | 0.2% |
| INTERRA CREDIT UNION | $255,000 | $1,225,000 | 380.4% | 0.2% |
| JMAC LENDING, INC. | $1,210,000 | n/a | 0.2% | |
| Equity Prime Mortgage LLC | $320,000 | $1,200,000 | 275.0% | 0.2% |
| Civista Bank | $1,165,000 | n/a | 0.2% | |
| Mercantile Bank of Michigan | $780,000 | $1,140,000 | 46.2% | 0.2% |
| CONSUMERS | $780,000 | $1,130,000 | 44.9% | 0.2% |
| Sierra Pacific Mortgage Company, Inc. | $1,050,000 | n/a | 0.2% | |
| CMG MORTGAGE, INC. | $1,025,000 | n/a | 0.2% | |
| VAN DYK MORTGAGE CORPORATION | $350,000 | $1,015,000 | 190.0% | 0.2% |
| FIRST COMMUNITY MORTGAGE, INC. | $990,000 | n/a | 0.2% | |
| MICHIGAN MUTUAL, INC. | $1,275,000 | $990,000 | -22.4% | 0.2% |
| AMERICAN HERITAGE LENDING, INC. | $365,000 | $985,000 | 169.9% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,335,000 | $980,000 | -26.6% | 0.2% |
| First State Bank | $960,000 | n/a | 0.2% | |
| Wells Fargo Bank | $1,335,000 | $930,000 | -30.3% | 0.2% |
| Bank of America | $2,695,000 | $885,000 | -67.2% | 0.2% |
| Discover Bank | $560,000 | $860,000 | 53.6% | 0.1% |
| Signature Bank, N.A. | $860,000 | n/a | 0.1% | |
| LAFCU | $495,000 | $840,000 | 69.7% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,140,000 | $805,000 | -29.4% | 0.1% |
| Homestead Savings Bank | $935,000 | $775,000 | -17.1% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $730,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $710,000 | $715,000 | 0.7% | 0.1% |
| BLG HOLDINGS, INC. | $565,000 | $715,000 | 26.5% | 0.1% |
| PLANET HOME LENDING, LLC | $200,000 | $700,000 | 250.0% | 0.1% |
| LOANPAL, LLC | $250,000 | $690,000 | 176.0% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $620,000 | $690,000 | 11.3% | 0.1% |
| THE MORTGAGE LINK, INC. | $415,000 | $685,000 | 65.1% | 0.1% |
| The Federal Savings Bank | $530,000 | $675,000 | 27.4% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,095,000 | $670,000 | -38.8% | 0.1% |
| Carrington Mortgage Services, LLC | $910,000 | $670,000 | -26.4% | 0.1% |
| NBKC BANK | $355,000 | $640,000 | 80.3% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $125,000 | $600,000 | 380.0% | 0.1% |
| GENEVA FINANCIAL, LLC | $180,000 | $590,000 | 227.8% | 0.1% |
| Ally Bank | $560,000 | n/a | 0.1% | |
| NFM, INC. | $295,000 | $560,000 | 89.8% | 0.1% |
| Texana Bank | $555,000 | n/a | 0.1% | |
| CASE | $100,000 | $550,000 | 450.0% | 0.1% |
| PHH Mortgage Corporation | $545,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $1,040,000 | $540,000 | -48.1% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $520,000 | $535,000 | 2.9% | 0.1% |
| Northpointe Bank | $950,000 | $525,000 | -44.7% | 0.1% |
| Bank of Ann Arbor | $205,000 | $515,000 | 151.2% | 0.1% |
| North American Savings Bank, F.S.B. | $505,000 | n/a | 0.1% | |
| THE ANDERSON FINANCIAL GROUP, INC. | $505,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $500,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $500,000 | n/a | 0.1% | |
| MICHIGAN SCHOOLS AND GOVERNMENT | $210,000 | $495,000 | 135.7% | 0.1% |
| Preston Home Loans Inc | $535,000 | $495,000 | -7.5% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $195,000 | $485,000 | 148.7% | 0.1% |
| ChoiceOne Bank | $480,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $975,000 | $445,000 | -54.4% | 0.1% |
| Gate City Bank | $445,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $250,000 | $445,000 | 78.0% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,435,000 | $430,000 | -70.0% | 0.1% |
| COMMUNITY FINANCIAL CREDIT UNION | $915,000 | $425,000 | -53.6% | 0.1% |
| EQUITY RESOURCES, INC. | $790,000 | $425,000 | -46.2% | 0.1% |
| Luxury Mortgage Corp. | $425,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $1,080,000 | $425,000 | -60.6% | 0.1% |
| ZILLOW HOME LOANS, LLC | $440,000 | $425,000 | -3.4% | 0.1% |
| Eaton Community Bank | $2,270,000 | $420,000 | -81.5% | 0.1% |
| GENISYS | $310,000 | $420,000 | 35.5% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $660,000 | $405,000 | -38.6% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $360,000 | $400,000 | 11.1% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $395,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $215,000 | $390,000 | 81.4% | 0.1% |
| U.S. Bank | $425,000 | $390,000 | -8.2% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $385,000 | n/a | 0.1% | |
| GLASS CITY Federal Credit Union | $385,000 | n/a | 0.1% | |
| DAS Acquisition Company, LLC | $1,315,000 | $380,000 | -71.1% | 0.1% |
| Truist | $335,000 | $380,000 | 13.4% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $105,000 | $365,000 | 247.6% | 0.1% |
| GUILD MORTGAGE COMPANY | $920,000 | $350,000 | -62.0% | 0.1% |
| Prosperity Home Mortgage, LLC | $240,000 | $350,000 | 45.8% | 0.1% |
| Directions Credit Union, Inc. | $770,000 | $345,000 | -55.2% | 0.1% |
| First National Bank of America | $345,000 | n/a | 0.1% | |
| MEMBERFOCUS COMMUNITY | $460,000 | $340,000 | -26.1% | 0.1% |
| Coastal Community Bank | $420,000 | $335,000 | -20.2% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $335,000 | n/a | 0.1% | |
| J. VIRGIL, INC. | $980,000 | $330,000 | -66.3% | 0.1% |
| ProFed Federal Credit Union | $325,000 | n/a | 0.1% | |
| DeMotte State Bank | $315,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $310,000 | n/a | 0.1% | |
| BAY EQUITY LLC | $105,000 | $305,000 | 190.5% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $320,000 | $305,000 | -4.7% | 0.1% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $305,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $295,000 | n/a | 0.1% | |
| Honor Credit Union | $205,000 | $295,000 | 43.9% | 0.1% |
| Dearborn Federal Savings Bank | $290,000 | n/a | 0.0% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $285,000 | n/a | 0.0% | |
| Consumers Professional Credit Union | $260,000 | $275,000 | 5.8% | 0.0% |
| FIRST OHIO HOME FINANCE, INC. | $275,000 | n/a | 0.0% | |
| MMS MORTGAGE SERVICES, LTD. | $325,000 | $275,000 | -15.4% | 0.0% |
| PREMIA MORTGAGE, LLC | $175,000 | $275,000 | 57.1% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $265,000 | n/a | 0.0% | |
| Michigan Educational Credit Union | $260,000 | $260,000 | 0.0% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $255,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $95,000 | $255,000 | 168.4% | 0.0% |
| Lake Trust Credit Union | $815,000 | $230,000 | -71.8% | 0.0% |
| FreeStar Financial Credit Union | $225,000 | n/a | 0.0% | |
| General Mortgage Capital Corporation | $225,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $350,000 | $225,000 | -35.7% | 0.0% |
| WINGS FINANCIAL | $305,000 | $225,000 | -26.2% | 0.0% |
| Sturgis Bank & Trust Company | $115,000 | $205,000 | 78.3% | 0.0% |
| Isabella Bank | $200,000 | n/a | 0.0% | |
| The State Bank and Trust Company | $260,000 | $195,000 | -25.0% | 0.0% |
| ARBOR FINANCIAL CREDIT UNION | $310,000 | $180,000 | -41.9% | 0.0% |
| EVERETT FINANCIAL, INC. | $265,000 | $180,000 | -32.1% | 0.0% |
| First Savings Bank | $570,000 | $175,000 | -69.3% | 0.0% |
| MY MORTGAGE, INC. | $175,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $175,000 | n/a | 0.0% | |
| T2 FINANCIAL LLC | $175,000 | n/a | 0.0% | |
| CONTOUR MORTGAGE CORPORATION | $225,000 | $165,000 | -26.7% | 0.0% |
| LENDINGONE, LLC | $160,000 | n/a | 0.0% | |
| VIBE CREDIT UNION | $130,000 | $155,000 | 19.2% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $145,000 | n/a | 0.0% | |
| American Mortgage & Equity Consultants, Inc. | $135,000 | n/a | 0.0% | |
| GERBER FEDERAL CREDIT UNION | $135,000 | n/a | 0.0% | |
| SUN Federal Credit Union | $135,000 | n/a | 0.0% | |
| EMM LOANS LLC | $135,000 | $125,000 | -7.4% | 0.0% |
| Polish-American Federal Credit Union | $185,000 | $125,000 | -32.4% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $125,000 | n/a | 0.0% | |
| DEEPHAVEN MORTGAGE LLC | $115,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $675,000 | $115,000 | -83.0% | 0.0% |
| FBC MORTGAGE, LLC | $215,000 | $115,000 | -46.5% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $115,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $215,000 | $115,000 | -46.5% | 0.0% |
| ASTERA | $105,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $105,000 | n/a | 0.0% | |
| BEACON CREDIT UNION | $105,000 | n/a | 0.0% | |
| PLUS RELOCATION MORTGAGE, LLC | $105,000 | n/a | 0.0% | |
| Regions Bank | $5,755,000 | $105,000 | -98.2% | 0.0% |
| TOWER | $100,000 | n/a | 0.0% | |
| ADVIA | $300,000 | $95,000 | -68.3% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $465,000 | $95,000 | -79.6% | 0.0% |
| Frankenmuth Credit Union | $95,000 | n/a | 0.0% | |
| JOLT CREDIT UNION | $95,000 | n/a | 0.0% | |
| Parda Federal Credit Union | $150,000 | $95,000 | -36.7% | 0.0% |
| SUMMIT HOME MORTGAGE, LLC | $95,000 | n/a | 0.0% | |
| KALSEE CREDIT UNION | $90,000 | n/a | 0.0% | |
| OCMBC, INC. | $85,000 | n/a | 0.0% | |
| Horizon Bank | $155,000 | $75,000 | -51.6% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $245,000 | $75,000 | -69.4% | 0.0% |
| ADVANTAGE ONE Credit Union | $55,000 | n/a | 0.0% | |
| BMO Harris Bank | $475,000 | $55,000 | -88.4% | 0.0% |
| UNIFY FINANCIAL Credit Union | $45,000 | n/a | 0.0% | |
| CORNING | $40,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $35,000 | n/a | 0.0% | |
| Zeal Credit Union | $95,000 | $35,000 | -63.2% | 0.0% |
JACKSON's top lender by overall market share is QUICKEN LOANS, LLC, with 9.6% market share. In second place, with 6.6%, is The Dart Bank, having originated $38,795,000 in loans. In third place, with 5.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $33,605,000 in loans. In fourth place, with 4.6%, is CP Financial Credit Union, having originated $26,880,000 in loans. In fifth place, with 4.5%, is Flagstar Bank, FSB, having originated $26,195,000 in loans.
JACKSON, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,808 | $401,780,000 | $222,223 |
| Cash Out Refi | 474 | $72,550,000 | $153,059 |
| Home Improvement | 413 | $33,185,000 | $80,351 |
| Other | 340 | $24,310,000 | $71,500 |
| Refi | 304 | $54,220,000 | $178,355 |
Jackson's most frequently cited loan purpose was Home Purchase, with 1,808 originations. The 2nd most popular reason was Cash Out Refi, with 474 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,353 | $270,365,000 | $199,826 |
| 7-8% | 694 | $149,840,000 | $215,908 |
| Over 8% | 547 | $38,915,000 | $71,143 |
| 5-6% | 300 | $63,450,000 | $211,500 |
| 4-5% | 16 | $3,570,000 | $223,125 |
| <2.5% | 8 | $320,000 | $40,000 |
| 3-4% | 5 | $915,000 | $183,000 |
| 2.5-3% | 3 | $675,000 | $225,000 |
During 2024, Jackson's most frequently originated rate bucket was 6-7%, with 1,353 originations.
Loan Sizing (JACKSON, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 1,186 | $66,000,000 | $55,649 |
| $100k-200k | 1,142 | $167,900,000 | $147,023 |
| $200k-400k | 827 | $223,945,000 | $270,792 |
| $400k-600k | 140 | $65,290,000 | $466,357 |
| $600k-1000k | 36 | $25,590,000 | $710,833 |
| $Over $1MM | 8 | $37,320,000 | $4,665,000 |
JACKSON's loan sizing saw the bucket of loans from $100,000 or less with 1,186 originations, totaling $66,000,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,331 | $287,055,000 | $215,669 |
| 60-80% | 565 | $137,965,000 | $244,186 |
| 20-40% | 343 | $35,095,000 | $102,318 |
| Under 20% | 327 | $12,875,000 | $39,373 |
| 40-60% | 258 | $37,300,000 | $144,574 |
| Over 100% | 32 | $9,530,000 | $297,813 |
JACKSON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,331 originations, totaling $287,055,000 in origination value.