JACKSON Mortgage Rates

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

30 Year Fixed Rate mortgages in Jackson averaged 5.37% for the week of 2022-05-12, compared to the national average of 5.3% for the same period.

The average rate for the prior week (2022-05-05) was 5.44% and one month ago for the week of 2022-04-07, the average rate was 4.89%.

Jackson's average rate one year ago was 3.19%.

For refis of the same type during the week of 2022-05-12, the average rate was 5.48%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-05-12 5.3%
Jackson 30 Year Fixed Rate 2022-05-12 5.37%
Jackson 30 Year Fixed Rate Refi 2022-05-12 5.48%
Jackson 15 Year Fixed Rate 2022-05-12 5.95%
Jackson 15 Year Fixed Rate Refi 2022-05-12 4.54%
Jackson 30 Year FHA 2022-05-12 5.71%
Jackson 30 Year FHA Refi 2022-05-12 5.52%
Jackson 30 Year USDA 2022-05-12 5.52%
Jackson 30 Year USDA Refi 2022-05-12 5.03%
Jackson 30 Year VA 2022-05-12 5.41%
Jackson 30 Year VA Refi 2022-05-12 5.13%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 290 3.15% $4,391
The Dart Bank 177 3.34% $2,945
RUOFF MORTGAGE COMPANY, INC. 172 3.24% $2,093
Flagstar Bank, FSB 163 3.26% $2,996
County National Bank 157 3.31% $3,528
MORTGAGE 1 INCORPORATED 134 3.46% $4,242
UNITED WHOLESALE MORTGAGE, LLC 122 3.08% $3,662
The Huntington National Bank 110 3.17% $3,059
CROSSCOUNTRY MORTGAGE, LLC 74 3.25% $3,964
Waterstone Mortgage Corporation 67 3.45% $2,931
HOME POINT FINANCIAL CORPORATION 55 3.18% $3,850
Fifth Third Bank 54 3.28% $3,030
Level One Bank 42 3.10% $3,074
MORTGAGE CENTER L.C 33 3.21% $2,656
Independent Bank 31 3.09% $3,069
LOANDEPOT.COM, LLC 31 3.20% $4,561
LAKE MICHIGAN CREDIT UNION 30 3.08% $3,843
UNION HOME MORTGAGE CORP. 29 3.26% $3,616
HOWARD HANNA FINANCIAL SERVICES, INC. 29 3.15% $3,219
Mr. Cooper ( Nationstar Mortgage ) 27 3.50% $4,946
AMERISAVE MORTGAGE CORPORATION 27 2.92% $4,406
JPMorgan Chase Bank 24 3.08% $3,214
Wells Fargo Bank 23 3.15% $3,202
CALIBER HOME LOANS, INC. 21 3.13% $2,498
BlueOx Credit Union 19 3.25% $2,405
UNIVERSITY LENDING GROUP, LLC 19 3.33% $2,786
Comerica Bank 19 3.02% $2,421
Old National Bank 18 3.27% $1,811
NEWREZ LLC 17 3.09% $3,628
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 16 3.28% $2,947
STAUNTON FINANCIAL, INC. 15 3.21% $3,053
PNC Bank 14 3.10% $2,683
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 14 3.32% $3,956
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 13 3.35% $3,027
AMERIFIRST FINANCIAL CORPORATION 13 3.11% $3,688
BETTER MORTGAGE CORPORATION 12 3.05% $2,704
Northpointe Bank 11 3.35% $3,801
FREEDOM MORTGAGE CORPORATION 10 3.41% $1,877
Citizens Bank 10 3.31% $4,149
GreenStone Farm Credit Services, FLCA 10 3.68% $5,653
GUARANTEED RATE, INC. 9 3.15% $3,165
EQUITY RESOURCES, INC. 8 3.16% $2,790
KeyBank 7 3.15% $2,608
MICHIGAN MUTUAL, INC. 7 3.66% $3,392
SUCCESS MORTGAGE PARTNERS, INC. 7 3.39% $5,882
ROYAL UNITED MORTGAGE LLC 7 3.23% $5,923
BROKER SOLUTIONS, INC. 7 3.18% $5,510
First State Bank 7 3.38% $2,475
CONSUMERS 6 3.73% $2,604
LAKEVIEW LOAN SERVICING, LLC 6 3.35% $2,555
PENNYMAC LOAN SERVICES, LLC 6 3.69% $4,764
First Federal Savings and Loan Association of Lakewood 6 3.07% $5,761
Ally Bank 6 3.08% $3,756
ACADEMY MORTGAGE CORPORATION 6 3.46% $3,591
Bank of America 6 3.08% $3,141
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 3.43% $3,628
AMERICAN PORTFOLIO MORTGAGE CORPORATION 6 2.92% $2,643
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 6 3.38% $4,209
First Savings Bank 5 3.00% $4,407
DFCU FINANCIAL 5 3.35% $3,527
Carrington Mortgage Services, LLC 5 3.35% $3,842
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 3.63% $3,123
Bank of Ann Arbor 5 2.93% $2,567
Bank of England 5 3.15% $4,307
FINANCE OF AMERICA MORTGAGE LLC 5 3.17% $4,355
NAVY FEDERAL CREDIT UNION 5 3.55% $2,690
First Federal Bank of the Midwest 5 3.43% $3,181
TOWNE MORTGAGE COMPANY 5 3.40% $2,195
MICHIGAN FIRST CREDIT UNION 5 3.83% $2,972
ADVISORS CAPITAL, INC. 4 3.25% $2,503
TCF National Bank 4 2.91% $2,746
The State Bank and Trust Company 4 3.00% $3,817
Platinum Home Mortgage Corporation 4 3.03% $4,261
PHH Mortgage Corporation 4 2.91% $4,867
First Federal Bank 4 3.50% $3,193
MUTUAL OF OMAHA MORTGAGE, INC. 4 3.22% $3,717
Honor Credit Union 4 3.28% $2,423
GENISYS 3 3.17% $2,357
GVC MORTGAGE, INC. 3 3.27% $6,715
U.S. Bank 3 3.13% $2,773
Mercantile Bank of Michigan 3 3.13% $5,171
MOVEMENT MORTGAGE, LLC 3 3.96% $4,280
AMERICAN FINANCIAL NETWORK, INC. 3 3.33% $5,341
HOMESIDE FINANCIAL, LLC 3 3.13% $3,282
MEMBER FIRST MORTGAGE, LLC 3 3.83% $2,881
Hometown Lenders, Inc. 3 3.21% $3,321
InterContinental Capital Group, Inc 3 3.21% $3,066
CHURCHILL MORTGAGE CORPORATION 3 3.50% $2,690
Manufacturers and Traders Trust Company 3 3.25% $4,563
AMERICAN FINANCING CORPORATION 3 3.04% $3,110
1st State Financial, Ltd. 2 3.00% $2,033
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 3.63% $3,538
Chicago Mortgage Solutions LLC 2 2.87% $1,060
CIBM Bank 2 2.88% $2,400
COMMUNITY FINANCIAL CREDIT UNION 2 2.81% $2,830
DIGITAL Federal Credit Union 2 2.56% $6,015
GUARANTEED RATE AFFINITY, LLC 2 3.19% $100
Ixonia Bank 2 3.38% $5,490
Kellogg Community Credit Union 2 3.31% $2,579
LAFCU 2 2.88% $2,970
LIBERTY HOME MORTGAGE CORPORATION 2 3.31% $5,461
Michigan Educational Credit Union 2 3.25% $4,583
MID AMERICA MORTGAGE, INC. 2 3.25% $3,638
MORIA DEVELOPMENT, INC. 2 3.44% $3,005
Neighborhood Loans, Inc. 2 3.25% $3,105
PLANET HOME LENDING, LLC 2 3.19% $2,006
PLAZA HOME MORTGAGE, INC. 2 3.94% $5,161
Prosperity Home Mortgage, LLC 2 4.75% $3,950
SOFI LENDING CORP. 2 2.88% $3,548
Southern Michigan Bank & Trust 2 3.69% $2,282
SUMMIT FUNDING, INC. 2 2.81% $3,336
SUMMIT HOME MORTGAGE, LLC 2 3.13% $3,188
The Genoa Banking Company 2 3.13% $3,456
The State Bank 2 3.25% $3,394
TLC COMMUNITY Credit Union 2 3.00% $2,793
UNIVERSITY OF MICHIGAN CREDIT UNION 2 3.19% $2,637
VAN DYK MORTGAGE CORPORATION 2 3.00% $2,688
First State Bank of St. Charles, Missouri 1 3.00% $3,016
First National Bank of America 1 6.88% $5,808
Mortgage Research Center, LLC 1 3.50% $695
FIRST HERITAGE FINANCIAL, LLC 1 3.00% $4,145
First Guaranty Mortgage Corporation 1 3.50% $2,000
First Federal Bank of Kansas City 1 2.88% $2,805
NATIONS DIRECT MORTGAGE, LLC 1 2.99% $1,350
Nations Lending Corporation 1 3.50% $6,434
NATIONWIDE MORTGAGE BANKERS, INC. 1 4.13% $8,616
FIRST CENTENNIAL MORTGAGE CORPORATION 1 3.13% $2,264
NBKC BANK 1 3.38% $1,063
BLG HOLDINGS, INC. 1 3.25% $3,859
FAY SERVICING, LLC 1 2.88% $3,558
NORTHERN MORTGAGE SERVICES, LLC 1 2.63% $2,974
EVERETT FINANCIAL, INC. 1 3.38% $1,955
OAK MORTGAGE, LLC 1 2.88% $3,218
EVANSVILLE TEACHERS 1 2.88% $6,768
Paramount Residential Mortgage Group, Inc. 1 3.25% $3,799
EMM LOANS LLC 1 3.50% $6,301
EMBRACE HOME LOANS, INC. 1 2.99% $5,383
UBS Bank USA 1 3.38% $3,216
DOW CHEMICAL EMPLOYEES' 1 3.75% $1,865
UNIFY FINANCIAL Credit Union 1 3.15% $945
Discover Bank 1 4.49% $0
POLARIS HOME FUNDING CORP. 1 3.25% $6,947
CRESCENT MORTGAGE COMPANY 1 3.25% $2,496
Barrington Bank & Trust Company, N.A. 1 3.63% $2,457
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 2.88% $3,233
ROSS MORTGAGE CORPORATION 1 2.88% $3,237
Colonial Savings, F.A. 1 4.00% $2,115
CMG MORTGAGE, INC. 1 3.25% $3,224
ARBOR FINANCIAL CREDIT UNION 1 3.00% $2,767
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 7.25% $6,385
SPRING EQ, LLC 1 3.00% $5,128
Christensen Financial, Inc. 1 3.25% $3,062
STEARNS LENDING, LLC 1 3.38% $2,236
Chicago Financial Services, Inc. 1 2.75% $2,924
Wyndham Capital Mortgage, Inc. 1 3.25% $775
AmeriHome Mortgage Company, LLC 1 3.50% $2,182
Sunflower Bank 1 2.88% $3,311
T2 FINANCIAL LLC 1 3.25% $4,137
CHEVRON 1 2.75% $2,876
THE ANDERSON FINANCIAL GROUP, INC. 1 3.00% $3,170
The Citizens National Bank of Bluffton 1 3.25% $2,324
Cf Bank 1 2.88% $898
THE EQUITABLE MORTGAGE CORPORATION 1 2.63% $3,036
Zeal Credit Union 1 2.88% $3,227
BNC National Bank 1 3.00% $2,516
KALSEE CREDIT UNION 1 3.50% $3,245
LAND HOME FINANCIAL SERVICES, INC. 1 3.25% $3,414
J. VIRGIL, INC. 1 3.50% $4,782
American Mortgage & Equity Consultants, Inc. 1 3.63% $3,711
INLANTA MORTGAGE, INC. 1 3.50% $3,876
LOANPAL, LLC 1 3.50% $5,197
LOANSNAP, INC. 1 2.88% $3,026
IMPAC MORTGAGE CORP. 1 3.99% $4,320
HOMESITE MORTGAGE, LLC 1 3.25% $2,899
HARTFORD FUNDING, LTD. 1 3.25% $2,518
BMO Harris Bank 1 3.25% $2,960
HANCOCK MORTGAGE PARTNERS, LLC 1 2.88% $3,391
GENEVA FINANCIAL, LLC 1 2.75% $4,046
Frankenmuth Credit Union 1 3.13% $2,618
ALLIANT CREDIT UNION 1 2.50% $4,044
MMS MORTGAGE SERVICES, LTD. 1 2.88% $2,723
TOP FLITE FINANCIAL, INC. 1 3.00% $9,610

JACKSON, MI's 182 lenders originated 6,725 loans during 2021. The total origination value was $1,089,085,000, with an average loan value of $161,946.

The top JACKSON lender as defined by loan originations is QUICKEN LOANS, LLC, with 290 loans originated. Their average total fees are $4,391, which is $1,445 higher than the next largest lender, The Dart Bank.

The lowest fee JACKSON lenders (with over 10 loans originated) are Old National Bank ($1,811), FREEDOM MORTGAGE CORPORATION ($1,877), RUOFF MORTGAGE COMPANY, INC. ($2,093), BlueOx Credit Union ($2,405) and Comerica Bank ($2,421).

The lowest rate JACKSON lenders (with over 10 loans originated) are AMERISAVE MORTGAGE CORPORATION (2.92%), Comerica Bank (3.02%), BETTER MORTGAGE CORPORATION (3.05%), JPMorgan Chase Bank (3.08%) and UNITED WHOLESALE MORTGAGE, LLC (3.08%).

JACKSON, MI Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
QUICKEN LOANS, LLC $126,765,000 $130,135,000 2.7% 11.9%
County National Bank $74,830,000 $60,595,000 -19.0% 5.6%
Flagstar Bank, FSB $51,875,000 $53,495,000 3.1% 4.9%
MORTGAGE 1 INCORPORATED $60,845,000 $48,820,000 -19.8% 4.5%
The Dart Bank $62,450,000 $47,330,000 -24.2% 4.3%
RUOFF MORTGAGE COMPANY, INC. $34,725,000 $45,935,000 32.3% 4.2%
The Huntington National Bank $41,040,000 $45,890,000 11.8% 4.2%
UNITED WHOLESALE MORTGAGE, LLC $25,145,000 $44,260,000 76.0% 4.1%
CP Financial Credit Union $33,770,000 $32,495,000 -3.8% 3.0%
CROSSCOUNTRY MORTGAGE, LLC $23,465,000 $28,185,000 20.1% 2.6%
Wells Fargo Bank $6,125,000 $21,855,000 256.8% 2.0%
FREEDOM MORTGAGE CORPORATION $20,735,000 $21,770,000 5.0% 2.0%
Waterstone Mortgage Corporation $17,970,000 $17,815,000 -0.9% 1.6%
Fifth Third Bank $10,685,000 $17,425,000 63.1% 1.6%
HOME POINT FINANCIAL CORPORATION $11,475,000 $17,310,000 50.8% 1.6%
Old National Bank $9,040,000 $15,505,000 71.5% 1.4%
Mr. Cooper ( Nationstar Mortgage ) $8,990,000 $15,445,000 71.8% 1.4%
CALIBER HOME LOANS, INC. $11,095,000 $12,980,000 17.0% 1.2%
Mortgage Research Center, LLC $8,050,000 $12,730,000 58.1% 1.2%
WALKER & DUNLOP, LLC $12,525,000 n/a 1.2%
Comerica Bank $10,380,000 $12,090,000 16.5% 1.1%
LOANDEPOT.COM, LLC $8,095,000 $12,030,000 48.6% 1.1%
Farmers StateBank of Munith $23,030,000 $11,870,000 -48.5% 1.1%
Level One Bank $15,680,000 $11,340,000 -27.7% 1.0%
GreenStone Farm Credit Services, FLCA $7,330,000 $10,895,000 48.6% 1.0%
Independent Bank $12,025,000 $10,295,000 -14.4% 0.9%
UNION HOME MORTGAGE CORP. $6,510,000 $10,155,000 56.0% 0.9%
LAKE MICHIGAN CREDIT UNION $7,855,000 $9,860,000 25.5% 0.9%
PNC Bank $12,820,000 $9,320,000 -27.3% 0.9%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $8,430,000 $9,175,000 8.8% 0.8%
AMERISAVE MORTGAGE CORPORATION $5,155,000 $8,585,000 66.5% 0.8%
JPMorgan Chase Bank $8,390,000 $8,420,000 0.4% 0.8%
MORTGAGE CENTER L.C $8,305,000 $7,375,000 -11.2% 0.7%
NEWREZ LLC $2,705,000 $7,370,000 172.5% 0.7%
HOWARD HANNA FINANCIAL SERVICES, INC. $5,500,000 $6,620,000 20.4% 0.6%
UNIVERSITY LENDING GROUP, LLC $5,590,000 $6,580,000 17.7% 0.6%
LAKEVIEW LOAN SERVICING, LLC $2,415,000 $6,515,000 169.8% 0.6%
PENNYMAC LOAN SERVICES, LLC $1,970,000 $6,420,000 225.9% 0.6%
Citizens Bank $2,210,000 $5,065,000 129.2% 0.5%
Homestead Savings Bank $6,220,000 $5,000,000 -19.6% 0.5%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $6,695,000 $4,855,000 -27.5% 0.4%
BlueOx Credit Union $1,660,000 $4,625,000 178.6% 0.4%
TRIAD FINANCIAL SERVICES, INC. $2,255,000 $4,470,000 98.2% 0.4%
VILLAGE CAPITAL & INVESTMENT LLC $3,300,000 $4,060,000 23.0% 0.4%
STAUNTON FINANCIAL, INC. $4,875,000 $4,015,000 -17.6% 0.4%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $1,925,000 $3,955,000 105.5% 0.4%
KeyBank $4,090,000 $3,675,000 -10.1% 0.3%
BETTER MORTGAGE CORPORATION $1,025,000 $3,535,000 244.9% 0.3%
GUARANTEED RATE, INC. $2,720,000 $3,480,000 27.9% 0.3%
BROKER SOLUTIONS, INC. $2,780,000 $3,450,000 24.1% 0.3%
First Federal Savings and Loan Association of Lakewood $1,755,000 $3,395,000 93.4% 0.3%
AMERIFIRST FINANCIAL CORPORATION $7,635,000 $3,315,000 -56.6% 0.3%
NAVY FEDERAL CREDIT UNION $2,920,000 $3,280,000 12.3% 0.3%
First Federal Bank of the Midwest $3,240,000 $3,265,000 0.8% 0.3%
NEW DAY FINANCIAL, LLC $3,625,000 $3,165,000 -12.7% 0.3%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $3,535,000 $3,160,000 -10.6% 0.3%
DFCU FINANCIAL $1,460,000 $3,065,000 109.9% 0.3%
GVC MORTGAGE, INC. $2,915,000 $3,065,000 5.1% 0.3%
Mercantile Bank of Michigan $550,000 $3,020,000 449.1% 0.3%
SUCCESS MORTGAGE PARTNERS, INC. $2,905,000 $2,710,000 -6.7% 0.2%
MICHIGAN MUTUAL, INC. $3,360,000 $2,680,000 -20.2% 0.2%
USAA Federal Savings Bank $2,950,000 $2,560,000 -13.2% 0.2%
COMMUNITY CHOICE CREDIT UNION $2,600,000 $2,470,000 -5.0% 0.2%
TOWNE MORTGAGE COMPANY $1,335,000 $2,450,000 83.5% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,155,000 $2,445,000 111.7% 0.2%
Bank of America $3,090,000 $2,415,000 -21.8% 0.2%
COMMUNITY FINANCIAL CREDIT UNION $1,775,000 $2,395,000 34.9% 0.2%
Carrington Mortgage Services, LLC $2,950,000 $2,350,000 -20.3% 0.2%
EQUITY RESOURCES, INC. $1,425,000 $2,310,000 62.1% 0.2%
Northpointe Bank $2,790,000 $2,295,000 -17.7% 0.2%
InterContinental Capital Group, Inc $2,150,000 n/a 0.2%
CONSUMERS $240,000 $1,965,000 718.8% 0.2%
TLC COMMUNITY Credit Union $3,765,000 $1,875,000 -50.2% 0.2%
TCF National Bank $10,790,000 $1,845,000 -82.9% 0.2%
ROYAL UNITED MORTGAGE LLC $1,470,000 $1,820,000 23.8% 0.2%
TOP FLITE FINANCIAL, INC. $1,345,000 $1,815,000 34.9% 0.2%
MARSHALL COMMUNITY CREDIT UNION $3,245,000 $1,800,000 -44.5% 0.2%
Ally Bank $905,000 $1,795,000 98.3% 0.2%
U.S. Bank $2,655,000 $1,780,000 -33.0% 0.2%
FINANCE OF AMERICA MORTGAGE LLC $945,000 $1,735,000 83.6% 0.2%
MEMBER FIRST MORTGAGE, LLC $1,570,000 $1,540,000 -1.9% 0.1%
Nations Lending Corporation $850,000 $1,530,000 80.0% 0.1%
First Savings Bank $2,765,000 $1,520,000 -45.0% 0.1%
First State Bank $3,280,000 $1,520,000 -53.7% 0.1%
First Federal Bank $2,840,000 $1,510,000 -46.8% 0.1%
PHH Mortgage Corporation $650,000 $1,500,000 130.8% 0.1%
MICHIGAN FIRST CREDIT UNION $710,000 $1,475,000 107.7% 0.1%
The State Bank and Trust Company $145,000 $1,445,000 896.6% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $340,000 $1,420,000 317.6% 0.1%
MID AMERICA MORTGAGE, INC. $920,000 $1,415,000 53.8% 0.1%
ACADEMY MORTGAGE CORPORATION $1,045,000 $1,405,000 34.4% 0.1%
CIBM Bank $480,000 $1,385,000 188.5% 0.1%
First Guaranty Mortgage Corporation $1,665,000 $1,355,000 -18.6% 0.1%
AMERICAN FINANCING CORPORATION $580,000 $1,335,000 130.2% 0.1%
Barrington Bank & Trust Company, N.A. $1,010,000 $1,315,000 30.2% 0.1%
EVERETT FINANCIAL, INC. $1,695,000 $1,300,000 -23.3% 0.1%
UNIVERSITY OF MICHIGAN CREDIT UNION $2,300,000 $1,240,000 -46.1% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $1,650,000 $1,155,000 -30.0% 0.1%
CLEARPATH LENDING $2,130,000 $1,145,000 -46.2% 0.1%
HOMESIDE FINANCIAL, LLC $1,145,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $1,515,000 $1,110,000 -26.7% 0.1%
The State Bank $255,000 $1,110,000 335.3% 0.1%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $280,000 $1,100,000 292.9% 0.1%
AmeriHome Mortgage Company, LLC $1,735,000 $1,090,000 -37.2% 0.1%
Bank of Ann Arbor $1,875,000 $1,090,000 -41.9% 0.1%
Platinum Home Mortgage Corporation $585,000 $1,040,000 77.8% 0.1%
PLAZA HOME MORTGAGE, INC. $585,000 $1,030,000 76.1% 0.1%
ADVISORS CAPITAL, INC. $505,000 $990,000 96.0% 0.1%
BLG HOLDINGS, INC. $1,040,000 $985,000 -5.3% 0.1%
Commercial Bank $1,310,000 $980,000 -25.2% 0.1%
Lake Trust Credit Union $740,000 $935,000 26.4% 0.1%
PLANET HOME LENDING, LLC $825,000 $935,000 13.3% 0.1%
ROSS MORTGAGE CORPORATION $910,000 $920,000 1.1% 0.1%
CHURCHILL MORTGAGE CORPORATION $1,745,000 $910,000 -47.9% 0.1%
Paramount Residential Mortgage Group, Inc. $950,000 $910,000 -4.2% 0.1%
MOVEMENT MORTGAGE, LLC $420,000 $900,000 114.3% 0.1%
GUARANTEED RATE AFFINITY, LLC $105,000 $895,000 752.4% 0.1%
EVANSVILLE TEACHERS $885,000 n/a 0.1%
SOFI LENDING CORP. $615,000 $880,000 43.1% 0.1%
Bank of England $175,000 $855,000 388.6% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,645,000 $845,000 -48.6% 0.1%
21ST MORTGAGE CORPORATION $795,000 $805,000 1.3% 0.1%
Chicago Mortgage Solutions LLC $155,000 $805,000 419.4% 0.1%
Hometown Lenders, Inc. $660,000 $780,000 18.2% 0.1%
GENISYS $510,000 $775,000 52.0% 0.1%
ZILLOW HOME LOANS, LLC $390,000 $775,000 98.7% 0.1%
Honor Credit Union $355,000 $770,000 116.9% 0.1%
FIRST HERITAGE FINANCIAL, LLC $2,470,000 $740,000 -70.0% 0.1%
Charles Schwab Bank, SSB $735,000 n/a 0.1%
UNITED SECURITY FINANCIAL CORP $730,000 n/a 0.1%
1st State Financial, Ltd. $810,000 $725,000 -10.5% 0.1%
AMERICAN ADVISORS GROUP $300,000 $715,000 138.3% 0.1%
Michigan Educational Credit Union $710,000 n/a 0.1%
ACCELERATE MORTGAGE, LLC $685,000 n/a 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $1,920,000 $680,000 -64.6% 0.1%
LAND HOME FINANCIAL SERVICES, INC. $265,000 $675,000 154.7% 0.1%
PENTAGON FEDERAL CREDIT UNION $345,000 $645,000 87.0% 0.1%
Southern Michigan Bank & Trust $1,500,000 $635,000 -57.7% 0.1%
UBS Bank USA $605,000 n/a 0.1%
The Federal Savings Bank $1,155,000 $595,000 -48.5% 0.1%
The Genoa Banking Company $590,000 n/a 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $290,000 $585,000 101.7% 0.1%
North American Savings Bank, F.S.B. $590,000 $580,000 -1.7% 0.1%
BNC National Bank $575,000 n/a 0.1%
LAFCU $750,000 $570,000 -24.0% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $670,000 $570,000 -14.9% 0.1%
Manufacturers and Traders Trust Company $555,000 n/a 0.1%
VAN DYK MORTGAGE CORPORATION $1,600,000 $555,000 -65.3% 0.1%
DIGITAL Federal Credit Union $550,000 n/a 0.1%
University Bank $95,000 $545,000 473.7% 0.1%
Ixonia Bank $115,000 $530,000 360.9% 0.0%
J. VIRGIL, INC. $340,000 $525,000 54.4% 0.0%
CASE $1,695,000 $520,000 -69.3% 0.0%
NATIONS DIRECT MORTGAGE, LLC $635,000 $520,000 -18.1% 0.0%
Plains Commerce Bank $530,000 $520,000 -1.9% 0.0%
TJC Mortgage, Inc. $105,000 $490,000 366.7% 0.0%
Kellogg Community Credit Union $545,000 $485,000 -11.0% 0.0%
Preston Home Loans Inc $480,000 n/a 0.0%
CREDIT UNION ONE $3,260,000 $475,000 -85.4% 0.0%
Dearborn Federal Savings Bank $465,000 n/a 0.0%
Low VA Rates, LLC $565,000 $445,000 -21.2% 0.0%
MORIA DEVELOPMENT, INC. $440,000 n/a 0.0%
MIDWEST LOAN SOLUTIONS, INC. $115,000 $435,000 278.3% 0.0%
SUMMIT FUNDING, INC. $965,000 $425,000 -56.0% 0.0%
Directions Credit Union, Inc. $410,000 n/a 0.0%
SUN Federal Credit Union $115,000 $405,000 252.2% 0.0%
First Home Bank $400,000 n/a 0.0%
SOUTHWEST STAGE FUNDING, LLC $90,000 $395,000 338.9% 0.0%
Neighborhood Loans, Inc. $930,000 $385,000 -58.6% 0.0%
HARTFORD FUNDING, LTD. $195,000 $380,000 94.9% 0.0%
IMPAC MORTGAGE CORP. $380,000 n/a 0.0%
LIBERTY HOME MORTGAGE CORPORATION $360,000 $380,000 5.6% 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $380,000 n/a 0.0%
FirstBank $355,000 n/a 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $345,000 n/a 0.0%
ENVOY MORTGAGE, LTD $380,000 $345,000 -9.2% 0.0%
Prosperity Home Mortgage, LLC $345,000 n/a 0.0%
DOW CHEMICAL EMPLOYEES' $340,000 n/a 0.0%
Eaton Community Bank $695,000 $340,000 -51.1% 0.0%
STOCKTON MORTGAGE CORPORATION $335,000 n/a 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $330,000 n/a 0.0%
SUMMIT HOME MORTGAGE, LLC $310,000 n/a 0.0%
Wyndham Capital Mortgage, Inc. $1,185,000 $310,000 -73.8% 0.0%
CMG MORTGAGE, INC. $815,000 $305,000 -62.6% 0.0%
Discover Bank $785,000 $305,000 -61.1% 0.0%
NATIONS RELIABLE LENDING, LLC $185,000 $295,000 59.5% 0.0%
STEARNS LENDING, LLC $215,000 $295,000 37.2% 0.0%
GENEVA FINANCIAL, LLC $440,000 $290,000 -34.1% 0.0%
SPRING EQ, LLC $100,000 $290,000 190.0% 0.0%
DOMINION FINANCIAL SERVICES, LLC $165,000 $285,000 72.7% 0.0%
LOANSNAP, INC. $275,000 n/a 0.0%
The Citizens National Bank of Bluffton $275,000 n/a 0.0%
THE EQUITABLE MORTGAGE CORPORATION $275,000 n/a 0.0%
T2 FINANCIAL LLC $270,000 n/a 0.0%
CRESCENT MORTGAGE COMPANY $225,000 $265,000 17.8% 0.0%
OCEANSIDE MORTGAGE COMPANY $620,000 $260,000 -58.1% 0.0%
Third Federal Savings and Loan Association of Cleveland $250,000 $260,000 4.0% 0.0%
HOMESITE MORTGAGE, LLC $255,000 n/a 0.0%
THE ANDERSON FINANCIAL GROUP, INC. $255,000 n/a 0.0%
Zeal Credit Union $250,000 n/a 0.0%
Beeline Loans, Inc. $245,000 n/a 0.0%
NORTHERN MORTGAGE SERVICES, LLC $215,000 $245,000 14.0% 0.0%
SIRVA MORTGAGE, INC. $245,000 n/a 0.0%
ALLIANT CREDIT UNION $55,000 $240,000 336.4% 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $240,000 n/a 0.0%
First Federal Bank of Kansas City $235,000 $235,000 0.0% 0.0%
RELIANCE FIRST CAPITAL, LLC $1,490,000 $235,000 -84.2% 0.0%
Dort Financial Credit Union $125,000 $230,000 84.0% 0.0%
WINGS FINANCIAL $135,000 $225,000 66.7% 0.0%
OAK MORTGAGE, LLC $550,000 $220,000 -60.0% 0.0%
Oxford Bank & Trust $455,000 $220,000 -51.6% 0.0%
Figure Lending LLC $270,000 $215,000 -20.4% 0.0%
Sunflower Bank $215,000 n/a 0.0%
Citibank $380,000 $210,000 -44.7% 0.0%
Cf Bank $205,000 n/a 0.0%
Gateway First Bank $205,000 n/a 0.0%
HANCOCK MORTGAGE PARTNERS, LLC $205,000 n/a 0.0%
Highpoint Community Bank $205,000 n/a 0.0%
MMS MORTGAGE SERVICES, LTD. $205,000 n/a 0.0%
NP, Inc. $205,000 n/a 0.0%
Equity Prime Mortgage LLC $195,000 n/a 0.0%
HOMESTEAD FUNDING CORP. $195,000 n/a 0.0%
INLANTA MORTGAGE, INC. $250,000 $195,000 -22.0% 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $115,000 $195,000 69.6% 0.0%
AMERICAN INTERNET MORTGAGE, INC. $115,000 $185,000 60.9% 0.0%
The First National Bank of Pandora $185,000 n/a 0.0%
First National Bank of America $80,000 $180,000 125.0% 0.0%
Frankenmuth Credit Union $340,000 $180,000 -47.1% 0.0%
EMM LOANS LLC $195,000 $175,000 -10.3% 0.0%
GSF Mortgage Corporation $175,000 n/a 0.0%
KALSEE CREDIT UNION $175,000 n/a 0.0%
MidFirst Bank $55,000 $175,000 218.2% 0.0%
PREMIA MORTGAGE, LLC $735,000 $175,000 -76.2% 0.0%
FIRST CHOICE MH LLC $1,070,000 $170,000 -84.1% 0.0%
BMO Harris Bank $165,000 n/a 0.0%
FIRST CENTENNIAL MORTGAGE CORPORATION $165,000 n/a 0.0%
First State Bank of St. Charles, Missouri $165,000 n/a 0.0%
POLARIS HOME FUNDING CORP. $165,000 n/a 0.0%
United Bay Community Credit Union $165,000 n/a 0.0%
EMBRACE HOME LOANS, INC. $805,000 $155,000 -80.7% 0.0%
BAYSHORE MORTGAGE FUNDING, LLC $145,000 n/a 0.0%
Colten Mortgage, LLC $145,000 n/a 0.0%
KELLER MORTGAGE, LLC $505,000 $145,000 -71.3% 0.0%
Northstar Bank $145,000 n/a 0.0%
UNIFY FINANCIAL Credit Union $145,000 n/a 0.0%
Colonial Savings, F.A. $135,000 n/a 0.0%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $135,000 n/a 0.0%
Lakeview Community Capital, LLC $135,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $130,000 n/a 0.0%
CHERRY CREEK MORTGAGE, LLC $825,000 $125,000 -84.8% 0.0%
ARBOR FINANCIAL CREDIT UNION $620,000 $115,000 -81.5% 0.0%
CIVIC FINANCIAL SERVICES, LLC $115,000 n/a 0.0%
LOANPAL, LLC $115,000 n/a 0.0%
Peoples Bank $115,000 n/a 0.0%
American Mortgage & Equity Consultants, Inc. $105,000 n/a 0.0%
CASTLE & COOKE MORTGAGE, LLC $105,000 n/a 0.0%
FINANCIAL PLUS CREDIT UNION $145,000 $105,000 -27.6% 0.0%
First Merchants Bank $105,000 n/a 0.0%
GLASS CITY Federal Credit Union $105,000 n/a 0.0%
MICHIGAN SCHOOLS AND GOVERNMENT $400,000 $105,000 -73.8% 0.0%
St James Mortgage Corporation $105,000 n/a 0.0%
Chicago Financial Services, Inc. $95,000 n/a 0.0%
FAY SERVICING, LLC $85,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $85,000 n/a 0.0%
NBKC BANK $500,000 $85,000 -83.0% 0.0%
ADVIA $15,000 $80,000 433.3% 0.0%
Christensen Financial, Inc. $75,000 n/a 0.0%
United States Senate Federal Credit Union $75,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $65,000 n/a 0.0%
CHEVRON $55,000 n/a 0.0%
NUMARK CREDIT UNION $110,000 $45,000 -59.1% 0.0%
SECURITY CREDIT UNION $35,000 n/a 0.0%
STAR USA FEDERAL CREDIT UNION $35,000 n/a 0.0%
UNITED $55,000 $35,000 -36.4% 0.0%
TIAA, FSB $350,000 $25,000 -92.9% 0.0%
Sturgis Bank & Trust Company $15,000 n/a 0.0%

JACKSON's top lender by overall market share is QUICKEN LOANS, LLC, with 11.9% market share. In second place, with 5.6%, is County National Bank, having originated $60,595,000 in loans. In third place, with 4.9%, is Flagstar Bank, FSB, having originated $53,495,000 in loans. In third place, with 4.5%, is MORTGAGE 1 INCORPORATED, having originated $48,820,000 in loans. In third place, with 4.3%, is The Dart Bank, having originated $47,330,000 in loans.


JACKSON, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,465 $451,195,000 $183,041
Refi 2,333 $381,755,000 $163,633
Cash Out Refi 1,431 $219,375,000 $153,302
Home Improvement 284 $19,580,000 $68,944
Other 212 $17,180,000 $81,038

Jackson's most frequently cited loan purpose was Home Purchase, with 2,465 originations. The 2nd most popular reason was Refi, with 2,333 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 2,647 $446,745,000 $168,774
2.5-3% 2,211 $388,685,000 $175,796
<2.5% 942 $157,340,000 $167,028
4-5% 243 $32,385,000 $133,272
Over 8% 108 $4,610,000 $42,685
5-6% 60 $3,510,000 $58,500
7-8% 51 $2,515,000 $49,314
6-7% 26 $1,290,000 $49,615

During 2021, Jackson's most frequently originated rate bucket was 3-4%, with 2,647 originations.

Loan Sizing (JACKSON, MI MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 3,226 $466,340,000 $144,557
$100,000 or less 1,839 $119,225,000 $64,831
$200k-400k 1,509 $393,095,000 $260,500
$400k-600k 120 $57,250,000 $477,083
$600k-1000k 19 $14,155,000 $745,000
$Over $1MM 12 $39,020,000 $3,251,667

JACKSON's loan sizing saw the bucket of loans from $100k-200k with 3,226 originations, totaling $466,340,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,438 $450,400,000 $184,742
60-80% 2,019 $355,515,000 $176,085
40-60% 903 $124,675,000 $138,068
20-40% 399 $39,625,000 $99,311
Under 20% 175 $6,635,000 $37,914
Over 100% 39 $10,295,000 $263,974

JACKSON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,438 originations, totaling $450,400,000 in origination value.