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 6.89% 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%
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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
QUICKEN LOANS, LLC 133 6.79% $5,199
The Dart Bank 116 6.74% $3,502
UNITED WHOLESALE MORTGAGE, LLC 98 6.93% $5,788
Flagstar Bank, FSB 74 6.75% $3,954
RUOFF MORTGAGE COMPANY, INC. 67 6.70% $3,255
CROSSCOUNTRY MORTGAGE, LLC 61 6.98% $6,180
MORTGAGE 1 INCORPORATED 47 6.92% $5,681
The Huntington National Bank 47 6.89% $3,610
TOWNE MORTGAGE COMPANY 28 6.53% $3,692
Waterstone Mortgage Corporation 26 7.20% $4,830
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 22 6.94% $4,327
STAUNTON FINANCIAL, INC. 22 6.73% $4,705
UNION HOME MORTGAGE CORP. 21 6.98% $5,520
First Merchants Bank 17 6.71% $3,633
MORTGAGE CENTER L.C 16 6.29% $4,146
Fifth Third Bank 16 6.90% $2,865
LAKE MICHIGAN CREDIT UNION 14 6.48% $3,495
HOWARD HANNA FINANCIAL SERVICES, INC. 12 6.86% $4,960
JPMorgan Chase Bank 12 7.03% $4,315
PENNYMAC LOAN SERVICES, LLC 12 6.79% $5,203
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 10 6.68% $4,030
Independent Bank 8 6.67% $3,569
MARSHALL COMMUNITY CREDIT UNION 8 6.67% $1,948
PNC Bank 8 6.81% $4,052
First Federal Bank of the Midwest 7 7.20% $4,379
CONSUMERS 6 6.54% $2,782
First State Bank 6 5.77% $2,753
The Loan Store, Inc. 6 6.79% $5,538
UNIVERSITY OF MICHIGAN CREDIT UNION 6 6.67% $3,124
TLC COMMUNITY Credit Union 6 6.40% $3,003
University Bank 6 6.92% $4,213
MICHIGAN FIRST CREDIT UNION 5 7.55% $3,823
SUCCESS MORTGAGE PARTNERS, INC. 5 6.68% $5,274
NEWREZ LLC 5 6.92% $4,976
The State Bank 5 7.05% $1,836
Old National Bank 5 6.40% $3,323
ROSS MORTGAGE CORPORATION 5 6.67% $4,567
Comerica Bank 5 6.87% $3,331
GVC MORTGAGE, INC. 5 7.24% $5,733
MUTUAL OF OMAHA MORTGAGE, INC. 4 7.12% $4,940
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 7.41% $2,715
Mortgage Research Center, LLC 4 6.84% $3,624
Mercantile Bank of Michigan 4 6.72% $3,589
ROYAL UNITED MORTGAGE LLC 4 7.03% $7,337
Texana Bank 3 7.17% $5,376
PHH Mortgage Corporation 3 7.25% $4,627
Sierra Pacific Mortgage Company, Inc. 3 6.54% $4,212
Wells Fargo Bank 3 6.25% $7,734
EQUITY RESOURCES, INC. 3 6.75% $3,596
CARDINAL FINANCIAL 3 6.99% $5,744
Citizens Bank 3 6.79% $4,715
LOANDEPOT.COM, LLC 3 6.88% $6,479
ChoiceOne Bank 2 6.63% $5,041
AMERICAN FINANCIAL NETWORK, INC. 2 6.69% $6,364
AMERICAN HERITAGE LENDING, INC. 2 8.31% $7,927
BLG HOLDINGS, INC. 2 7.19% $4,113
CASE 2 6.75% $2,842
Ally Bank 2 6.88% $2,359
CHURCHILL MORTGAGE CORPORATION 2 6.88% $4,966
DAS Acquisition Company, LLC 2 7.06% $4,175
DFCU FINANCIAL 2 7.06% $4,830
FIRST COLONY MORTGAGE CORPORATION 2 6.88% $5,552
FIRST COMMUNITY MORTGAGE, INC. 2 6.38% $4,113
First National Bank of America 2 9.00% $5,872
GENEVA FINANCIAL, LLC 2 7.38% $6,218
GENISYS 2 6.44% $2,732
GUARANTEED RATE, INC. 2 6.63% $4,684
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.81% $3,111
JMAC LENDING, INC. 2 6.75% $5,200
J. VIRGIL, INC. 2 6.63% $3,700
LAFCU 2 6.63% $3,393
MICHIGAN MUTUAL, INC. 2 6.38% $8,210
MICHIGAN SCHOOLS AND GOVERNMENT 2 6.69% $1,839
MID AMERICA MORTGAGE, INC. 2 6.88% $6,722
Mr. Cooper ( Nationstar Mortgage ) 2 6.99% $6,660
NAVY FEDERAL CREDIT UNION 2 7.94% $8,641
PLAZA HOME MORTGAGE, INC. 2 7.63% $4,880
USAA Federal Savings Bank 2 6.88% $6,589
VAN DYK MORTGAGE CORPORATION 2 6.93% $1,553
ZILLOW HOME LOANS, LLC 2 6.63% $3,563
WINGS FINANCIAL 1 5.88% $3,470
NBKC BANK 1 6.99% $1,870
LEADERONE FINANCIAL CORPORATION 1 6.99% $3,869
NFM, INC. 1 7.38% $3,903
Northpointe Bank 1 6.38% $3,532
KeyBank 1 6.88% $4,116
KALSEE CREDIT UNION 1 6.00% $3,168
Isabella Bank 1 5.50% $2,632
PLANET HOME LENDING, LLC 1 6.88% $4,886
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.99% $9,542
GUILD MORTGAGE COMPANY 1 7.38% $3,397
PREMIA MORTGAGE, LLC 1 6.83% $0
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $1,729
ProFed Federal Credit Union 1 6.13% $3,271
GreenStone Farm Credit Services, FLCA 1 7.10% $5,093
GLASS CITY Federal Credit Union 1 7.13% $3,475
Gate City Bank 1 6.63% $8,943
FBC MORTGAGE, LLC 1 6.38% $3,716
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.99% $4,627
SIRVA MORTGAGE, INC. 1 7.13% $1,450
EMM LOANS LLC 1 6.99% $3,886
Discover Bank 1 7.31% $0
T2 FINANCIAL LLC 1 6.38% $6,517
Directions Credit Union, Inc. 1 6.88% $2,920
THE ANDERSON FINANCIAL GROUP, INC. 1 6.50% $4,246
CREDIT UNION ONE 1 6.88% $3,208
COMMUNITY FINANCIAL CREDIT UNION 1 6.75% $4,606
CMG MORTGAGE, INC. 1 6.99% $2,964
Civista Bank 1 7.50% $5,827
The State Bank and Trust Company 1 7.00% $2,605
BROKER SOLUTIONS, INC. 1 6.75% $6,417
BETTER MORTGAGE CORPORATION 1 6.38% $4,776
Truist 1 6.13% $9,288
BEACON CREDIT UNION 1 7.38% $2,684
Bank of America 1 6.38% $2,912
ARBOR FINANCIAL CREDIT UNION 1 6.88% $2,975
AmeriHome Mortgage Company, LLC 1 7.99% $6,818
AMERICAN FINANCIAL RESOURCES, INC. 1 6.63% $4,027
MMS MORTGAGE SERVICES, LTD. 1 6.25% $8,695
MEMBER FIRST MORTGAGE, LLC 1 6.38% $2,868
Luxury Mortgage Corp. 1 8.13% $8,930
MOVEMENT MORTGAGE, LLC 1 7.38% $4,771
U.S. Bank 1 6.75% $922
LENOX FINANCIAL MORTGAGE CORPORATION 1 5.12% $8,811

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.