Mount Pleasant Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mount Pleasant averaged
7.11%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.24% and
one month ago for the week of 2025-05-15, the
average rate was 7.01%.
Mount Pleasant's average rate one year ago was 7.55%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.81%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Mount Pleasant 30 Year Fixed Rate | 2025-06-18 | 7.11% |
| Mount Pleasant 30 Year Fixed Rate Refi | 2025-06-18 | 6.81% |
| Mount Pleasant 15 Year Fixed Rate | 2025-06-18 | 6.06% |
| Mount Pleasant 15 Year Fixed Rate Refi | 2025-06-18 | 6.06% |
| Mount Pleasant 30 Year FHA | 2025-06-18 | 0.2% |
| Mount Pleasant 30 Year FHA Refi | 2025-06-18 | -0.2% |
| Mount Pleasant 30 Year USDA | 2025-06-18 | -0.1% |
| Mount Pleasant 30 Year USDA Refi | 2025-06-18 | -0.2% |
| Mount Pleasant 30 Year VA | 2025-06-18 | -0.2% |
| Mount Pleasant 30 Year VA Refi | 2025-06-18 | 0.2% |
Mount Pleasant 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 Mount Pleasant, 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.).
Mount Pleasant Average Closing Costs & Other Stats
Mount Pleasant, MI's 55 lenders originated 952
loans during 2024. The total origination value was $153,790,000, with an average loan value of
$161,544.
Mount Pleasant's average closing costs are $3,807.
The top Mount Pleasant lender as defined by loan originations is Isabella Bank, with
71 loans originated. Their average total fees are
$2,860, which is $583
lower than the next largest lender,
Mercantile Bank of Michigan.
The lowest fee Mount Pleasant lenders (with over 10 loans originated) are
FIRST CHOICE MH LLC ($1,215), Isabella Bank ($2,860), The Dart Bank ($3,346), Mercantile Bank of Michigan ($3,443) and FIRST COMMUNITY MORTGAGE, INC. ($4,656).
The lowest rate Mount Pleasant lenders (with over 10 loans originated) are
Isabella Bank (6.13%), FIRST COMMUNITY MORTGAGE, INC. (6.61%), GUILD MORTGAGE COMPANY (6.74%), QUICKEN LOANS, LLC (6.79%) and Mercantile Bank of Michigan (6.85%).
Mount Pleasant, 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 |
|---|---|---|---|---|
| Isabella Bank | $28,040,000 | $36,830,000 | 31.3% | 23.9% |
| Mercantile Bank of Michigan | $14,940,000 | $16,030,000 | 7.3% | 10.4% |
| QUICKEN LOANS, LLC | $8,560,000 | $9,175,000 | 7.2% | 6.0% |
| The Dart Bank | $4,520,000 | $7,220,000 | 59.7% | 4.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $4,145,000 | $6,410,000 | 54.6% | 4.2% |
| First National Bank of America | $5,305,000 | n/a | 3.4% | |
| Mortgage Research Center, LLC | $3,940,000 | $5,030,000 | 27.7% | 3.3% |
| FIRST CHOICE MH LLC | $4,655,000 | $3,565,000 | -23.4% | 2.3% |
| GreenStone Farm Credit Services, FLCA | $1,325,000 | $3,440,000 | 159.6% | 2.2% |
| The Huntington National Bank | $3,200,000 | $3,430,000 | 7.2% | 2.2% |
| GUILD MORTGAGE COMPANY | $125,000 | $3,140,000 | 2,412.0% | 2.0% |
| Fifth Third Bank | $1,555,000 | $2,570,000 | 65.3% | 1.7% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,495,000 | $2,470,000 | 65.2% | 1.6% |
| PNC Bank | $1,380,000 | $2,090,000 | 51.4% | 1.4% |
| MORTGAGE 1 INCORPORATED | $195,000 | $2,040,000 | 946.2% | 1.3% |
| Independent Bank | $1,565,000 | $1,990,000 | 27.2% | 1.3% |
| NAVY FEDERAL CREDIT UNION | $370,000 | $1,980,000 | 435.1% | 1.3% |
| LAKE MICHIGAN CREDIT UNION | $780,000 | $1,865,000 | 139.1% | 1.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,365,000 | $1,840,000 | -22.2% | 1.2% |
| UNION HOME MORTGAGE CORP. | $910,000 | $1,420,000 | 56.0% | 0.9% |
| MEMBERS FIRST Credit Union | $1,145,000 | $1,395,000 | 21.8% | 0.9% |
| MORTGAGE CENTER L.C | $1,040,000 | $1,275,000 | 22.6% | 0.8% |
| Preston Home Loans Inc | $660,000 | $1,145,000 | 73.5% | 0.7% |
| BLG HOLDINGS, INC. | $595,000 | $1,140,000 | 91.6% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $600,000 | $985,000 | 64.2% | 0.6% |
| PLANET HOME LENDING, LLC | $950,000 | n/a | 0.6% | |
| BROKER SOLUTIONS, INC. | $220,000 | $940,000 | 327.3% | 0.6% |
| DOW CHEMICAL EMPLOYEES' | $1,010,000 | $915,000 | -9.4% | 0.6% |
| Commercial Bank | $460,000 | $910,000 | 97.8% | 0.6% |
| NEWREZ LLC | $220,000 | $880,000 | 300.0% | 0.6% |
| First State Bank | $315,000 | $875,000 | 177.8% | 0.6% |
| BM Real Estate Services, Inc. | $1,135,000 | $870,000 | -23.3% | 0.6% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $385,000 | $805,000 | 109.1% | 0.5% |
| STAUNTON FINANCIAL, INC. | $1,070,000 | $730,000 | -31.8% | 0.5% |
| JPMorgan Chase Bank | $210,000 | $665,000 | 216.7% | 0.4% |
| PREMIA MORTGAGE, LLC | $625,000 | n/a | 0.4% | |
| Flagstar Bank, FSB | $415,000 | $605,000 | 45.8% | 0.4% |
| KeyBank | $565,000 | n/a | 0.4% | |
| DAS Acquisition Company, LLC | $545,000 | n/a | 0.4% | |
| 21ST MORTGAGE CORPORATION | $400,000 | $525,000 | 31.3% | 0.3% |
| CMG MORTGAGE, INC. | $105,000 | $505,000 | 381.0% | 0.3% |
| TOWNE MORTGAGE COMPANY | $315,000 | $485,000 | 54.0% | 0.3% |
| AmeriHome Mortgage Company, LLC | $480,000 | n/a | 0.3% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $135,000 | $470,000 | 248.1% | 0.3% |
| CHURCHILL MORTGAGE CORPORATION | $455,000 | n/a | 0.3% | |
| Paramount Residential Mortgage Group, Inc. | $895,000 | $455,000 | -49.2% | 0.3% |
| NEW DAY FINANCIAL, LLC | $215,000 | $450,000 | 109.3% | 0.3% |
| Discover Bank | $250,000 | $445,000 | 78.0% | 0.3% |
| PENNYMAC LOAN SERVICES, LLC | $1,310,000 | $440,000 | -66.4% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $440,000 | $435,000 | -1.1% | 0.3% |
| GENEVA FINANCIAL, LLC | $175,000 | $435,000 | 148.6% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $915,000 | $405,000 | -55.7% | 0.3% |
| GREENSTATE CREDIT UNION | $380,000 | $370,000 | -2.6% | 0.2% |
| Lake Trust Credit Union | $445,000 | $365,000 | -18.0% | 0.2% |
| MILEND, INC. | $340,000 | n/a | 0.2% | |
| MICHIGAN SCHOOLS AND GOVERNMENT | $225,000 | $330,000 | 46.7% | 0.2% |
| Citizens Bank | $320,000 | n/a | 0.2% | |
| TRIAD FINANCIAL SERVICES, INC. | $305,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $260,000 | $300,000 | 15.4% | 0.2% |
| LOANDEPOT.COM, LLC | $590,000 | $295,000 | -50.0% | 0.2% |
| ROSS MORTGAGE CORPORATION | $300,000 | $295,000 | -1.7% | 0.2% |
| Wells Fargo Bank | $45,000 | $285,000 | 533.3% | 0.2% |
| Horizon Bank | $145,000 | $280,000 | 93.1% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $1,250,000 | $280,000 | -77.6% | 0.2% |
| SUCCESS MORTGAGE PARTNERS, INC. | $105,000 | $280,000 | 166.7% | 0.2% |
| First Federal Bank | $265,000 | $275,000 | 3.8% | 0.2% |
| RF Renovo Management Company, LLC | $275,000 | n/a | 0.2% | |
| CANOPY MORTGAGE, LLC | $265,000 | n/a | 0.2% | |
| GVC MORTGAGE, INC. | $460,000 | $245,000 | -46.7% | 0.2% |
| GUARANTEED RATE, INC. | $665,000 | $235,000 | -64.7% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $225,000 | n/a | 0.1% | |
| The Loan Store, Inc. | $125,000 | $225,000 | 80.0% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $215,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $205,000 | n/a | 0.1% | |
| Prosperity Home Mortgage, LLC | $205,000 | n/a | 0.1% | |
| VAN DYK MORTGAGE CORPORATION | $305,000 | $195,000 | -36.1% | 0.1% |
| Comerica Bank | $190,000 | n/a | 0.1% | |
| Wildfire Credit Union | $915,000 | $180,000 | -80.3% | 0.1% |
| STOCKTON MORTGAGE CORPORATION | $175,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $365,000 | $175,000 | -52.1% | 0.1% |
| ZILLOW HOME LOANS, LLC | $350,000 | $175,000 | -50.0% | 0.1% |
| 1st State Financial, Ltd. | $865,000 | $165,000 | -80.9% | 0.1% |
| Honor Credit Union | $165,000 | n/a | 0.1% | |
| MMS MORTGAGE SERVICES, LTD. | $575,000 | $165,000 | -71.3% | 0.1% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $1,520,000 | $160,000 | -89.5% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $95,000 | $155,000 | 63.2% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $155,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $85,000 | $155,000 | 82.4% | 0.1% |
| MICHIGAN MUTUAL, INC. | $510,000 | $155,000 | -69.6% | 0.1% |
| Old National Bank | $155,000 | n/a | 0.1% | |
| United Bank of Michigan | $155,000 | n/a | 0.1% | |
| United Bay Community Credit Union | $45,000 | $155,000 | 244.4% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $145,000 | n/a | 0.1% | |
| SUNRISE FAMILY CREDIT UNION | $145,000 | n/a | 0.1% | |
| American Mortgage & Equity Consultants, Inc. | $135,000 | n/a | 0.1% | |
| J. VIRGIL, INC. | $935,000 | $135,000 | -85.6% | 0.1% |
| MARSHALL COMMUNITY CREDIT UNION | $115,000 | $135,000 | 17.4% | 0.1% |
| U.S. Bank | $285,000 | $135,000 | -52.6% | 0.1% |
| GENISYS | $205,000 | $125,000 | -39.0% | 0.1% |
| Lakeview Community Capital, LLC | $115,000 | n/a | 0.1% | |
| CREDIT UNION ONE | $975,000 | $110,000 | -88.7% | 0.1% |
| Ally Bank | $205,000 | $105,000 | -48.8% | 0.1% |
| Coastal Community Bank | $90,000 | $105,000 | 16.7% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $340,000 | $105,000 | -69.1% | 0.1% |
| CARDINAL FINANCIAL | $785,000 | $95,000 | -87.9% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $115,000 | $95,000 | -17.4% | 0.1% |
| First Merchants Bank | $145,000 | $85,000 | -41.4% | 0.1% |
| LAFCU | $85,000 | n/a | 0.1% | |
| CASE | $75,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $505,000 | $65,000 | -87.1% | 0.0% |
| CONSUMERS | $865,000 | $55,000 | -93.6% | 0.0% |
| DFCU FINANCIAL | $365,000 | $45,000 | -87.7% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $35,000 | n/a | 0.0% | |
| Michigan Legacy Credit Union | $35,000 | n/a | 0.0% | |
| MICHIGAN ONE COMMUNITY Credit Union | $310,000 | $35,000 | -88.7% | 0.0% |
| UNITED FINANCIAL Credit Union | $280,000 | $35,000 | -87.5% | 0.0% |
| UNIVERSITY OF MICHIGAN CREDIT UNION | $150,000 | $35,000 | -76.7% | 0.0% |
| ChoiceOne Bank | $85,000 | $25,000 | -70.6% | 0.0% |
| Dort Financial Credit Union | $15,000 | n/a | 0.0% | |
| ELGA CREDIT UNION | $5,000 | n/a | 0.0% |
Mount Pleasant's top lender by overall market share is Isabella Bank, with 23.9% market share. In second place, with 10.4%, is Mercantile Bank of Michigan, having originated $16,030,000 in loans. In third place, with 6.0%, is QUICKEN LOANS, LLC, having originated $9,175,000 in loans. In fourth place, with 4.7%, is The Dart Bank, having originated $7,220,000 in loans. In fifth place, with 4.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $6,410,000 in loans.
Mount Pleasant, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 549 | $108,455,000 | $197,550 |
| Refi | 125 | $21,215,000 | $169,720 |
| Other | 104 | $7,580,000 | $72,885 |
| Home Improvement | 88 | $5,700,000 | $64,773 |
| Cash Out Refi | 86 | $10,840,000 | $126,047 |
Mount Pleasant's most frequently cited loan purpose was Home Purchase, with 549 originations. The 2nd most popular reason was Refi, with 125 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 398 | $69,390,000 | $174,347 |
| Over 8% | 187 | $15,355,000 | $82,112 |
| 7-8% | 175 | $35,375,000 | $202,143 |
| 5-6% | 107 | $22,625,000 | $211,449 |
| <2.5% | 4 | $30,000 | $7,500 |
| 4-5% | 4 | $900,000 | $225,000 |
| 3-4% | 1 | $105,000 | $105,000 |
| 2.5-3% | 1 | $405,000 | $405,000 |
During 2024, Mount Pleasant's most frequently originated rate bucket was 6-7%, with 398 originations.
Loan Sizing (Mount Pleasant, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 376 | $54,190,000 | $144,122 |
| $100,000 or less | 319 | $18,445,000 | $57,821 |
| $200k-400k | 225 | $58,905,000 | $261,800 |
| $400k-600k | 22 | $10,160,000 | $461,818 |
| $600k-1000k | 8 | $5,780,000 | $722,500 |
| $Over $1MM | 2 | $6,310,000 | $3,155,000 |
Mount Pleasant's loan sizing saw the bucket of loans from $100k-200k with 376 originations, totaling $54,190,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 359 | $71,935,000 | $200,376 |
| 60-80% | 197 | $42,345,000 | $214,949 |
| 40-60% | 112 | $15,350,000 | $137,054 |
| 20-40% | 101 | $7,765,000 | $76,881 |
| Under 20% | 85 | $3,425,000 | $40,294 |
| Over 100% | 2 | $580,000 | $290,000 |
Mount Pleasant's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 359 originations, totaling $71,935,000 in origination value.