JACKSON Mortgage Rates
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% |
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.).
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.
