SAGINAW Mortgage Rates
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Saginaw averaged
5.34%
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
5.41% and
one month ago for the week of 2022-04-07, the
average rate was 5.06%.
Saginaw's average rate one year ago was 3.08%.
For refis of the same type during the week of 2022-05-12, the average rate
was 5.17%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-05-12 | 5.3% |
| Saginaw 30 Year Fixed Rate | 2022-05-12 | 5.34% |
| Saginaw 30 Year Fixed Rate Refi | 2022-05-12 | 5.17% |
| Saginaw 15 Year Fixed Rate | 2022-05-12 | 5.29% |
| Saginaw 15 Year Fixed Rate Refi | 2022-05-12 | 4.47% |
| Saginaw 30 Year FHA | 2022-05-12 | 5.8% |
| Saginaw 30 Year FHA Refi | 2022-05-12 | 5.43% |
| Saginaw 30 Year USDA | 2022-05-12 | 5.58% |
| Saginaw 30 Year USDA Refi | 2022-05-12 | 5.26% |
| Saginaw 30 Year VA | 2022-05-12 | 5.67% |
| Saginaw 30 Year VA Refi | 2022-05-12 | 5.37% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within SAGINAW, MI.
SAGINAW 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 SAGINAW, 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.).
SAGINAW, MI's 149 lenders originated 6,071
loans during 2021. The total origination value was $968,375,000, with an average loan value of
$159,508.
The top SAGINAW lender as defined by loan originations is Frankenmuth Credit Union, with
373 loans originated. Their average total fees are
$2,298, which is $1,744
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee SAGINAW lenders (with over 10 loans originated) are
TEAM ONE CREDIT UNION ($1,486), Wanigas Credit Union ($2,204), The State Bank ($2,221), 1st State Financial, Ltd. ($2,253) and Frankenmuth Credit Union ($2,298).
The lowest rate SAGINAW lenders (with over 10 loans originated) are
Isabella Bank (2.74%), FINANCIAL PLUS CREDIT UNION (2.88%), JOLT CREDIT UNION (2.93%), TEAM ONE CREDIT UNION (2.93%) and 1st State Financial, Ltd. (2.96%).
SAGINAW, 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 |
|---|---|---|---|---|
| Frankenmuth Credit Union | $159,125,000 | $120,235,000 | -24.4% | 12.4% |
| QUICKEN LOANS, LLC | $75,675,000 | $85,850,000 | 13.4% | 8.9% |
| 1st State Financial, Ltd. | $37,070,000 | $41,415,000 | 11.7% | 4.3% |
| The Huntington National Bank | $37,410,000 | $40,375,000 | 7.9% | 4.2% |
| LAKE MICHIGAN CREDIT UNION | $34,070,000 | $35,975,000 | 5.6% | 3.7% |
| Chambers Bank | $32,360,000 | n/a | 3.3% | |
| Independent Bank | $28,470,000 | $31,910,000 | 12.1% | 3.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $14,205,000 | $29,605,000 | 108.4% | 3.1% |
| Wanigas Credit Union | $36,485,000 | $24,260,000 | -33.5% | 2.5% |
| Mercantile Bank of Michigan | $6,860,000 | $24,165,000 | 252.3% | 2.5% |
| Wildfire Credit Union | $16,340,000 | $22,540,000 | 37.9% | 2.3% |
| DOW CHEMICAL EMPLOYEES' | $22,465,000 | $21,915,000 | -2.4% | 2.3% |
| Isabella Bank | $22,390,000 | $20,370,000 | -9.0% | 2.1% |
| JOLT CREDIT UNION | $12,070,000 | $18,655,000 | 54.6% | 1.9% |
| HEALTH ADVANTAGE FEDERAL CREDIT UNION | $21,005,000 | $16,995,000 | -19.1% | 1.8% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $9,945,000 | $16,450,000 | 65.4% | 1.7% |
| ACADEMY MORTGAGE CORPORATION | $17,475,000 | $16,045,000 | -8.2% | 1.7% |
| UNITED FINANCIAL Credit Union | $14,665,000 | $14,730,000 | 0.4% | 1.5% |
| MID AMERICA MORTGAGE, INC. | $9,135,000 | $13,765,000 | 50.7% | 1.4% |
| TEAM ONE CREDIT UNION | $17,390,000 | $13,670,000 | -21.4% | 1.4% |
| FREEDOM MORTGAGE CORPORATION | $10,365,000 | $12,470,000 | 20.3% | 1.3% |
| Arbor Realty Trust, Inc. | $11,725,000 | n/a | 1.2% | |
| J. VIRGIL, INC. | $9,430,000 | $11,355,000 | 20.4% | 1.2% |
| JPMorgan Chase Bank | $8,575,000 | $10,215,000 | 19.1% | 1.1% |
| Mortgage Research Center, LLC | $7,795,000 | $10,185,000 | 30.7% | 1.1% |
| ENVOY MORTGAGE, LTD | $7,015,000 | $9,975,000 | 42.2% | 1.0% |
| Old National Bank | $8,340,000 | $9,580,000 | 14.9% | 1.0% |
| UNION HOME MORTGAGE CORP. | $7,655,000 | $9,435,000 | 23.3% | 1.0% |
| PNC Bank | $8,435,000 | $9,310,000 | 10.4% | 1.0% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,830,000 | $9,120,000 | 138.1% | 0.9% |
| First Midwest Bank | $9,005,000 | n/a | 0.9% | |
| Fifth Third Bank | $7,970,000 | $8,680,000 | 8.9% | 0.9% |
| TCF National Bank | $12,020,000 | $8,425,000 | -29.9% | 0.9% |
| Wells Fargo Bank | $1,660,000 | $7,950,000 | 378.9% | 0.8% |
| Lake Huron Credit Union | $6,420,000 | $7,900,000 | 23.1% | 0.8% |
| MORTGAGE 1 INCORPORATED | $6,710,000 | $7,320,000 | 9.1% | 0.8% |
| Citizens Bank | $6,040,000 | $6,325,000 | 4.7% | 0.7% |
| AMERIFIRST FINANCIAL CORPORATION | $7,200,000 | $6,300,000 | -12.5% | 0.7% |
| GreenStone Farm Credit Services, FLCA | $6,115,000 | $5,840,000 | -4.5% | 0.6% |
| The State Bank | $5,340,000 | $5,520,000 | 3.4% | 0.6% |
| NEWREZ LLC | $3,365,000 | $5,160,000 | 53.3% | 0.5% |
| LOANDEPOT.COM, LLC | $4,030,000 | $4,955,000 | 23.0% | 0.5% |
| Flagstar Bank, FSB | $4,315,000 | $4,740,000 | 9.8% | 0.5% |
| Bank of America | $2,525,000 | $4,435,000 | 75.6% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $1,230,000 | $3,865,000 | 214.2% | 0.4% |
| CALIBER HOME LOANS, INC. | $2,735,000 | $3,735,000 | 36.6% | 0.4% |
| ELGA CREDIT UNION | $3,650,000 | $3,490,000 | -4.4% | 0.4% |
| Carrington Mortgage Services, LLC | $1,500,000 | $3,280,000 | 118.7% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $1,985,000 | $3,240,000 | 63.2% | 0.3% |
| PENNYMAC LOAN SERVICES, LLC | $1,050,000 | $3,030,000 | 188.6% | 0.3% |
| BROKER SOLUTIONS, INC. | $1,385,000 | $2,895,000 | 109.0% | 0.3% |
| Dort Financial Credit Union | $1,295,000 | $2,725,000 | 110.4% | 0.3% |
| USAA Federal Savings Bank | $1,350,000 | $2,610,000 | 93.3% | 0.3% |
| FINANCIAL PLUS CREDIT UNION | $2,235,000 | $2,580,000 | 15.4% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $555,000 | $2,400,000 | 332.4% | 0.2% |
| HOME POINT FINANCIAL CORPORATION | $1,460,000 | $2,320,000 | 58.9% | 0.2% |
| First Guaranty Mortgage Corporation | $775,000 | $2,225,000 | 187.1% | 0.2% |
| BETTER MORTGAGE CORPORATION | $1,670,000 | $2,075,000 | 24.3% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $685,000 | $2,040,000 | 197.8% | 0.2% |
| GENISYS | $605,000 | $2,000,000 | 230.6% | 0.2% |
| MEMBERS FIRST Credit Union | $2,010,000 | $2,000,000 | -0.5% | 0.2% |
| Preston Home Loans Inc | $235,000 | $1,975,000 | 740.4% | 0.2% |
| United Bay Community Credit Union | $2,410,000 | $1,975,000 | -18.0% | 0.2% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $1,285,000 | $1,930,000 | 50.2% | 0.2% |
| SECURITY CREDIT UNION | $1,460,000 | $1,830,000 | 25.3% | 0.2% |
| FinancialEdge Community Credit Union | $345,000 | $1,800,000 | 421.7% | 0.2% |
| MICHIGAN MUTUAL, INC. | $1,620,000 | $1,715,000 | 5.9% | 0.2% |
| GENEVA FINANCIAL, LLC | $125,000 | $1,685,000 | 1,248.0% | 0.2% |
| GUARANTEED RATE, INC. | $1,360,000 | $1,680,000 | 23.5% | 0.2% |
| Sunflower Bank | $1,320,000 | $1,665,000 | 26.1% | 0.2% |
| MEMBER FIRST MORTGAGE, LLC | $1,505,000 | $1,600,000 | 6.3% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $775,000 | $1,480,000 | 91.0% | 0.2% |
| Horizon Bank | $8,765,000 | $1,460,000 | -83.3% | 0.2% |
| VILLAGE CAPITAL & INVESTMENT LLC | $1,825,000 | $1,450,000 | -20.5% | 0.1% |
| NEW DAY FINANCIAL, LLC | $1,440,000 | $1,445,000 | 0.3% | 0.1% |
| U.S. Bank | $940,000 | $1,420,000 | 51.1% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $815,000 | $1,400,000 | 71.8% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $695,000 | $1,390,000 | 100.0% | 0.1% |
| Ally Bank | $755,000 | $1,315,000 | 74.2% | 0.1% |
| TOWNE MORTGAGE COMPANY | $2,730,000 | $1,185,000 | -56.6% | 0.1% |
| Level One Bank | $505,000 | $1,160,000 | 129.7% | 0.1% |
| RUOFF MORTGAGE COMPANY, INC. | $510,000 | $1,095,000 | 114.7% | 0.1% |
| ROSS MORTGAGE CORPORATION | $1,670,000 | $1,085,000 | -35.0% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $715,000 | $1,085,000 | 51.7% | 0.1% |
| AMERICAN FINANCING CORPORATION | $250,000 | $1,060,000 | 324.0% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $1,040,000 | n/a | 0.1% | |
| COPOCO Community Credit Union | $855,000 | $1,035,000 | 21.1% | 0.1% |
| First Savings Bank | $605,000 | $1,025,000 | 69.4% | 0.1% |
| Ottawa Savings Bank | $1,015,000 | n/a | 0.1% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $1,905,000 | $1,010,000 | -47.0% | 0.1% |
| BLG HOLDINGS, INC. | $890,000 | $1,000,000 | 12.4% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $445,000 | $930,000 | 109.0% | 0.1% |
| SOFI LENDING CORP. | $625,000 | $890,000 | 42.4% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $1,120,000 | $855,000 | -23.7% | 0.1% |
| SOUTHWEST FUNDING, LP | $920,000 | $840,000 | -8.7% | 0.1% |
| SUNRISE FAMILY CREDIT UNION | $270,000 | $830,000 | 207.4% | 0.1% |
| VAN DYK MORTGAGE CORPORATION | $205,000 | $785,000 | 282.9% | 0.1% |
| MORTGAGE CENTER L.C | $775,000 | $770,000 | -0.6% | 0.1% |
| MICHIGAN SCHOOLS AND GOVERNMENT | $815,000 | $765,000 | -6.1% | 0.1% |
| RESIDENTIAL BANCORP. | $735,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $605,000 | $720,000 | 19.0% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $650,000 | $680,000 | 4.6% | 0.1% |
| CLEARPATH LENDING | $995,000 | $675,000 | -32.2% | 0.1% |
| 21ST MORTGAGE CORPORATION | $255,000 | $665,000 | 160.8% | 0.1% |
| Lakeview Community Capital, LLC | $365,000 | $665,000 | 82.2% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $650,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $805,000 | $610,000 | -24.2% | 0.1% |
| ADVISORS CAPITAL, INC. | $250,000 | $590,000 | 136.0% | 0.1% |
| GUIDANCE RESIDENTIAL, LLC | $580,000 | n/a | 0.1% | |
| The Dart Bank | $830,000 | $580,000 | -30.1% | 0.1% |
| STOCKTON MORTGAGE CORPORATION | $575,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $570,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $990,000 | $560,000 | -43.4% | 0.1% |
| HOMESTEAD FUNDING CORP. | $560,000 | n/a | 0.1% | |
| NETWORK CAPITAL FUNDING CORPORATION | $545,000 | n/a | 0.1% | |
| Farmers StateBank of Munith | $390,000 | $490,000 | 25.6% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $490,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $480,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $95,000 | $460,000 | 384.2% | 0.0% |
| Commercial Bank | $285,000 | $435,000 | 52.6% | 0.0% |
| COMMUNITY FINANCIAL CREDIT UNION | $290,000 | $430,000 | 48.3% | 0.0% |
| Manufacturers and Traders Trust Company | $425,000 | n/a | 0.0% | |
| First National Bank of America | $415,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $410,000 | n/a | 0.0% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,370,000 | $385,000 | -83.8% | 0.0% |
| AMERICAN MORTGAGE SERVICE COMPANY | $375,000 | n/a | 0.0% | |
| PREMIA MORTGAGE, LLC | $375,000 | n/a | 0.0% | |
| ChoiceOne Bank | $1,060,000 | $355,000 | -66.5% | 0.0% |
| FINANCE OF AMERICA COMMERCIAL LLC | $345,000 | n/a | 0.0% | |
| First State Bank | $300,000 | $345,000 | 15.0% | 0.0% |
| The Central Trust Bank | $345,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $215,000 | $340,000 | 58.1% | 0.0% |
| InterContinental Capital Group, Inc | $540,000 | $330,000 | -38.9% | 0.0% |
| Figure Lending LLC | $25,000 | $325,000 | 1,200.0% | 0.0% |
| Bank of England | $320,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $320,000 | n/a | 0.0% | |
| Truist Bank | $220,000 | $320,000 | 45.5% | 0.0% |
| Magnolia Bank | $315,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $310,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $95,000 | $310,000 | 226.3% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $305,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $305,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $280,000 | $305,000 | 8.9% | 0.0% |
| Northstar Bank | $505,000 | $300,000 | -40.6% | 0.0% |
| INLANTA MORTGAGE, INC. | $295,000 | n/a | 0.0% | |
| UIF CORPORATION | $105,000 | $295,000 | 181.0% | 0.0% |
| Servion, Inc. | $340,000 | $290,000 | -14.7% | 0.0% |
| BNC National Bank | $235,000 | $285,000 | 21.3% | 0.0% |
| The Federal Savings Bank | $185,000 | $275,000 | 48.6% | 0.0% |
| Northpointe Bank | $1,100,000 | $270,000 | -75.5% | 0.0% |
| OCEANSIDE MORTGAGE COMPANY | $175,000 | $270,000 | 54.3% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $205,000 | $270,000 | 31.7% | 0.0% |
| Bank of Ann Arbor | $265,000 | n/a | 0.0% | |
| CHERRY CREEK MORTGAGE, LLC | $325,000 | $265,000 | -18.5% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $265,000 | n/a | 0.0% | |
| NORTHERN MORTGAGE SERVICES, LLC | $195,000 | $265,000 | 35.9% | 0.0% |
| SPRING EQ, LLC | $25,000 | $265,000 | 960.0% | 0.0% |
| Union Savings Bank | $265,000 | n/a | 0.0% | |
| ARBOR FINANCIAL CREDIT UNION | $255,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $245,000 | $255,000 | 4.1% | 0.0% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $245,000 | n/a | 0.0% | |
| AMERICAN ADVISORS GROUP | $275,000 | $240,000 | -12.7% | 0.0% |
| STAUNTON FINANCIAL, INC. | $520,000 | $240,000 | -53.8% | 0.0% |
| THRIVENT Federal Credit Union | $65,000 | $240,000 | 269.2% | 0.0% |
| MORIA DEVELOPMENT, INC. | $235,000 | n/a | 0.0% | |
| MOVEMENT MORTGAGE, LLC | $235,000 | n/a | 0.0% | |
| CREDIT UNION ONE | $3,735,000 | $230,000 | -93.8% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $215,000 | n/a | 0.0% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $210,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $160,000 | $210,000 | 31.3% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $115,000 | $205,000 | 78.3% | 0.0% |
| Gateway First Bank | $205,000 | n/a | 0.0% | |
| THE ANDERSON FINANCIAL GROUP, INC. | $205,000 | n/a | 0.0% | |
| The Park National Bank | $205,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $65,000 | $200,000 | 207.7% | 0.0% |
| MidFirst Bank | $195,000 | n/a | 0.0% | |
| Paramount Bank | $145,000 | $195,000 | 34.5% | 0.0% |
| ACCELERATE MORTGAGE, LLC | $185,000 | n/a | 0.0% | |
| CMG MORTGAGE, INC. | $330,000 | $185,000 | -43.9% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $360,000 | $180,000 | -50.0% | 0.0% |
| UNITED SECURITY FINANCIAL CORP | $175,000 | n/a | 0.0% | |
| US MORTGAGE CORPORATION | $175,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $175,000 | n/a | 0.0% | |
| MMS MORTGAGE SERVICES, LTD. | $155,000 | $170,000 | 9.7% | 0.0% |
| Comerica Bank | $310,000 | $165,000 | -46.8% | 0.0% |
| Commerce Bank | $165,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $265,000 | $165,000 | -37.7% | 0.0% |
| SUMMIT FUNDING, INC. | $1,080,000 | $165,000 | -84.7% | 0.0% |
| T2 FINANCIAL LLC | $515,000 | $165,000 | -68.0% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $415,000 | $155,000 | -62.7% | 0.0% |
| POLARIS HOME FUNDING CORP. | $95,000 | $155,000 | 63.2% | 0.0% |
| Strong Home Mortgage, LLC | $155,000 | n/a | 0.0% | |
| BM Real Estate Services, Inc. | $145,000 | n/a | 0.0% | |
| COMPASS MORTGAGE, INC. | $145,000 | n/a | 0.0% | |
| CONSUMERS | $145,000 | n/a | 0.0% | |
| Three Rivers Federal Credit Union | $145,000 | n/a | 0.0% | |
| TLC COMMUNITY Credit Union | $145,000 | n/a | 0.0% | |
| UNIVERSITY OF MICHIGAN CREDIT UNION | $145,000 | n/a | 0.0% | |
| Wyndham Capital Mortgage, Inc. | $145,000 | n/a | 0.0% | |
| Chicago Mortgage Solutions LLC | $135,000 | n/a | 0.0% | |
| EQUITY RESOURCES, INC. | $135,000 | n/a | 0.0% | |
| Meridian Trust Federal Credit Union | $135,000 | n/a | 0.0% | |
| NATIONS DIRECT MORTGAGE, LLC | $75,000 | $135,000 | 80.0% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $135,000 | n/a | 0.0% | |
| Arvest Bank | $125,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $125,000 | n/a | 0.0% | |
| Low VA Rates, LLC | $405,000 | $125,000 | -69.1% | 0.0% |
| Prosperity Home Mortgage, LLC | $280,000 | $125,000 | -55.4% | 0.0% |
| Quontic Bank | $125,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $25,000 | $120,000 | 380.0% | 0.0% |
| GVC MORTGAGE, INC. | $250,000 | $115,000 | -54.0% | 0.0% |
| Plains Commerce Bank | $115,000 | n/a | 0.0% | |
| The Northern Trust Company | $115,000 | n/a | 0.0% | |
| ADVANTAGE ONE Credit Union | $105,000 | n/a | 0.0% | |
| Citibank | $220,000 | $105,000 | -52.3% | 0.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $105,000 | n/a | 0.0% | |
| Honor Credit Union | $75,000 | $105,000 | 40.0% | 0.0% |
| Neighborhood Loans, Inc. | $290,000 | $105,000 | -63.8% | 0.0% |
| Platinum Home Mortgage Corporation | $175,000 | $105,000 | -40.0% | 0.0% |
| Adventure Credit Union | $95,000 | n/a | 0.0% | |
| GREENWOOD | $95,000 | n/a | 0.0% | |
| NBKC BANK | $95,000 | n/a | 0.0% | |
| PFCU | $575,000 | $95,000 | -83.5% | 0.0% |
| VIBE CREDIT UNION | $95,000 | n/a | 0.0% | |
| SWBC MORTGAGE CORPORATION | $85,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $550,000 | $75,000 | -86.4% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $75,000 | n/a | 0.0% | |
| CRESCENT MORTGAGE COMPANY | $75,000 | n/a | 0.0% | |
| FIRST HERITAGE FINANCIAL, LLC | $75,000 | n/a | 0.0% | |
| Lake Trust Credit Union | $70,000 | n/a | 0.0% | |
| Zeal Credit Union | $65,000 | n/a | 0.0% | |
| DFCU FINANCIAL | $55,000 | n/a | 0.0% | |
| Hometown Lenders, Inc. | $220,000 | $55,000 | -75.0% | 0.0% |
| LIMA ONE CAPITAL, LLC | $85,000 | $55,000 | -35.3% | 0.0% |
| FirstBank | $35,000 | n/a | 0.0% | |
| LAFCU | $210,000 | $35,000 | -83.3% | 0.0% |
| SOVITA Credit Union | $170,000 | $35,000 | -79.4% | 0.0% |
| Thumb Bank and Trust | $525,000 | $35,000 | -93.3% | 0.0% |
| Tri-County Bank | $415,000 | $35,000 | -91.6% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $15,000 | n/a | 0.0% |
SAGINAW's top lender by overall market share is Frankenmuth Credit Union, with 12.4% market share. In second place, with 8.9%, is QUICKEN LOANS, LLC, having originated $85,850,000 in loans. In third place, with 4.3%, is 1st State Financial, Ltd., having originated $41,415,000 in loans. In third place, with 4.2%, is The Huntington National Bank, having originated $40,375,000 in loans. In third place, with 3.7%, is LAKE MICHIGAN CREDIT UNION, having originated $35,975,000 in loans.
SAGINAW, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,471 | $465,765,000 | $188,493 |
| Refi | 1,913 | $283,055,000 | $147,964 |
| Cash Out Refi | 1,391 | $193,055,000 | $138,789 |
| Home Improvement | 159 | $11,715,000 | $73,679 |
| Other | 137 | $14,785,000 | $107,920 |
Saginaw's most frequently cited loan purpose was Home Purchase, with 2,471 originations. The 2nd most popular reason was Refi, with 1,913 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 2,141 | $383,855,000 | $179,288 |
| 2.5-3% | 2,055 | $339,645,000 | $165,277 |
| <2.5% | 1,120 | $171,120,000 | $152,786 |
| 4-5% | 291 | $32,655,000 | $112,216 |
| 5-6% | 104 | $8,770,000 | $84,327 |
| 7-8% | 51 | $2,775,000 | $54,412 |
| 6-7% | 43 | $1,965,000 | $45,698 |
| Over 8% | 28 | $1,170,000 | $41,786 |
During 2021, Saginaw's most frequently originated rate bucket was 3-4%, with 2,141 originations.
Loan Sizing (SAGINAW, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 2,727 | $381,495,000 | $139,895 |
| $100,000 or less | 2,174 | $144,630,000 | $66,527 |
| $200k-400k | 1,015 | $267,795,000 | $263,837 |
| $400k-600k | 127 | $59,855,000 | $471,299 |
| $Over $1MM | 17 | $106,345,000 | $6,255,588 |
| $600k-1000k | 11 | $8,255,000 | $750,455 |
SAGINAW's loan sizing saw the bucket of loans from $100k-200k with 2,727 originations, totaling $381,495,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,311 | $399,215,000 | $172,746 |
| 60-80% | 2,127 | $379,285,000 | $178,319 |
| 40-60% | 788 | $108,690,000 | $137,931 |
| 20-40% | 287 | $24,225,000 | $84,408 |
| Under 20% | 142 | $3,570,000 | $25,141 |
| Over 100% | 31 | $6,105,000 | $196,935 |
SAGINAW's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,311 originations, totaling $399,215,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - SAGINAW (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $95,400 (-4.5%) | $137,311 (1.0%) | 0.35 | 679 |
| 2018-02-01 | $89,900 (-10.0%) | $134,957 (0.0%) | 0.32 | 641 |
| 2018-03-01 | $95,000 (-4.7%) | $139,402 (0.9%) | 0.33 | 613 |
| 2018-04-01 | $104,450 (4.5%) | $146,817 (3.7%) | 0.35 | 581 |
| 2018-05-01 | $119,900 (4.8%) | $158,385 (6.4%) | 0.40 | 569 |
| 2018-06-01 | $119,900 (4.4%) | $163,748 (10.5%) | 0.40 | 607 |
| 2018-07-01 | $126,350 (6.3%) | $165,045 (11.3%) | 0.42 | 640 |
| 2018-08-01 | $124,950 (4.4%) | $160,062 (7.0%) | 0.42 | 674 |
| 2018-09-01 | $129,900 (13.1%) | $166,777 (10.8%) | 0.43 | 715 |
| 2018-10-01 | $132,450 (16.3%) | $165,940 (13.9%) | 0.44 | 702 |
| 2018-11-01 | $129,900 (21.5%) | $162,515 (15.1%) | 0.44 | 675 |
| 2018-12-01 | $127,000 (22.1%) | $160,324 (15.5%) | 0.43 | 640 |
| 2019-01-01 | $124,900 (30.9%) | $155,211 (13.0%) | 0.43 | 568 |
| 2019-02-01 | $130,900 (45.6%) | $159,590 (18.3%) | 0.44 | 508 |
| 2019-03-01 | $135,329 (42.5%) | $169,650 (21.7%) | 0.44 | 462 |
| 2019-04-01 | $140,700 (34.7%) | $177,592 (21.0%) | 0.44 | 436 |
| 2019-05-01 | $145,700 (21.5%) | $184,719 (16.6%) | 0.45 | 492 |
| 2019-06-01 | $135,000 (12.6%) | $179,560 (9.7%) | 0.42 | 565 |
| 2019-07-01 | $136,900 (8.4%) | $186,402 (12.9%) | 0.43 | 589 |
| 2019-08-01 | $139,514 (11.7%) | $186,060 (16.2%) | 0.44 | 615 |
| 2019-09-01 | $139,064 (7.1%) | $181,931 (9.1%) | 0.44 | 616 |
| 2019-10-01 | $135,400 (2.2%) | $178,281 (7.4%) | 0.43 | 638 |
| 2019-11-01 | $129,900 (0.0%) | $171,275 (5.4%) | 0.42 | 611 |
| 2019-12-01 | $130,400 (2.7%) | $169,471 (5.7%) | 0.43 | 552 |
| 2020-01-01 | $129,700 (3.8%) | $163,774 (5.5%) | 0.43 | 487 |
| 2020-02-01 | $124,900 (-4.6%) | $160,399 (0.5%) | 0.40 | 435 |
| 2020-03-01 | $129,750 (-4.1%) | $168,545 (-0.7%) | 0.41 | 362 |
| 2020-04-01 | $136,400 (-3.1%) | $171,938 (-3.2%) | 0.42 | 342 |
| 2020-05-01 | $135,900 (-6.7%) | $181,064 (-2.0%) | 0.41 | 310 |
| 2020-06-01 | $157,200 (16.4%) | $200,622 (11.7%) | 0.46 | 244 |
| 2020-07-01 | $154,450 (12.8%) | $206,301 (10.7%) | 0.44 | 230 |
| 2020-08-01 | $169,900 (21.8%) | $217,379 (16.8%) | 0.49 | 248 |
| 2020-09-01 | $154,900 (11.4%) | $220,136 (21.0%) | 0.44 | 297 |
| 2020-10-01 | $159,500 (17.8%) | $230,536 (29.3%) | 0.46 | 302 |
| 2020-11-01 | $151,950 (17.0%) | $214,099 (25.0%) | 0.44 | 273 |
| 2020-12-01 | $129,450 (-0.7%) | $200,594 (18.4%) | 0.38 | 242 |
| 2021-01-01 | $119,900 (-7.6%) | $195,882 (19.6%) | 0.35 | 182 |
| 2021-02-01 | $126,400 (1.2%) | $213,050 (32.8%) | 0.36 | 161 |
| 2021-03-01 | $114,900 (-11.5%) | $200,358 (18.9%) | 0.32 | 143 |
| 2021-04-01 | $124,900 (-8.4%) | $207,492 (20.7%) | 0.34 | 133 |
| 2021-05-01 | $149,900 (10.3%) | $230,422 (27.3%) | 0.39 | 156 |
| 2021-06-01 | $142,400 (-9.4%) | $215,020 (7.2%) | 0.37 | 208 |
| 2021-07-01 | $139,950 (-9.4%) | $207,921 (0.8%) | 0.36 | 245 |
| 2021-08-01 | $154,900 (-8.8%) | $200,420 (-7.8%) | 0.41 | 328 |
| 2021-09-01 | $130,900 (-15.5%) | $182,018 (-17.3%) | 0.34 | 325 |
| 2021-10-01 | $139,500 (-12.5%) | $194,347 (-15.7%) | 0.37 | 340 |
| 2021-11-01 | $130,000 (-14.5%) | $192,068 (-10.3%) | 0.34 | 358 |
| 2021-12-01 | $127,400 (-1.6%) | $194,150 (-3.2%) | 0.34 | 322 |
| 2022-01-01 | $104,000 (-13.3%) | $185,088 (-5.5%) | 0.28 | 242 |
| 2022-02-01 | $112,200 (-11.2%) | $195,444 (-8.3%) | 0.29 | 215 |
| 2022-03-01 | $129,000 (12.3%) | $203,479 (1.6%) | 0.32 | 199 |
| 2022-04-01 | $165,000 (32.1%) | $223,676 (7.8%) | 0.39 | 183 |
SAGINAW's median listing price for 2022-04-01 was $165,000, a difference of
$40,100
(32.1%) versus the prior year and
$36,000 versus the prior month.
SAGINAW's median listing price comes in at 39% of the national average.
SAGINAW's average listing price for 2022-04-01 was $223,676, a difference of $16,184 (7.8%) versus the prior year and $20,197 versus the prior month.
For the 2022-04-01 period, SAGINAW had 183 MLS listings, a difference of -16 listings (-8%) versus the prior month and 50 listings (38%) versus the prior year.
SAGINAW's median listing price comes in at 39% of the national average.
SAGINAW's average listing price for 2022-04-01 was $223,676, a difference of $16,184 (7.8%) versus the prior year and $20,197 versus the prior month.
For the 2022-04-01 period, SAGINAW had 183 MLS listings, a difference of -16 listings (-8%) versus the prior month and 50 listings (38%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - SAGINAW (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 84 days | 1,465 sqft |
| 2018-02-01 | 88 days | 1,428 sqft |
| 2018-03-01 | 72 days | 1,433 sqft |
| 2018-04-01 | 65 days | 1,441 sqft |
| 2018-05-01 | 52 days | 1,482 sqft |
| 2018-06-01 | 48 days | 1,498 sqft |
| 2018-07-01 | 49 days | 1,525 sqft |
| 2018-08-01 | 49 days | 1,503 sqft |
| 2018-09-01 | 51 days | 1,502 sqft |
| 2018-10-01 | 53 days | 1,572 sqft |
| 2018-11-01 | 59 days | 1,569 sqft |
| 2018-12-01 | 75 days | 1,550 sqft |
| 2019-01-01 | 86 days | 1,512 sqft |
| 2019-02-01 | 94 days | 1,575 sqft |
| 2019-03-01 | 66 days | 1,569 sqft |
| 2019-04-01 | 55 days | 1,572 sqft |
| 2019-05-01 | 47 days | 1,566 sqft |
| 2019-06-01 | 38 days | 1,552 sqft |
| 2019-07-01 | 47 days | 1,628 sqft |
| 2019-08-01 | 56 days | 1,637 sqft |
| 2019-09-01 | 57 days | 1,622 sqft |
| 2019-10-01 | 57 days | 1,608 sqft |
| 2019-11-01 | 59 days | 1,584 sqft |
| 2019-12-01 | 73 days | 1,588 sqft |
| 2020-01-01 | 78 days | 1,547 sqft |
| 2020-02-01 | 74 days | 1,508 sqft |
| 2020-03-01 | 64 days | 1,560 sqft |
| 2020-04-01 | 76 days | 1,555 sqft |
| 2020-05-01 | 85 days | 1,530 sqft |
| 2020-06-01 | 58 days | 1,624 sqft |
| 2020-07-01 | 40 days | 1,598 sqft |
| 2020-08-01 | 32 days | 1,632 sqft |
| 2020-09-01 | 29 days | 1,626 sqft |
| 2020-10-01 | 33 days | 1,664 sqft |
| 2020-11-01 | 41 days | 1,647 sqft |
| 2020-12-01 | 49 days | 1,547 sqft |
| 2021-01-01 | 54 days | 1,454 sqft |
| 2021-02-01 | 47 days | 1,478 sqft |
| 2021-03-01 | 46 days | 1,448 sqft |
| 2021-04-01 | 32 days | 1,463 sqft |
| 2021-05-01 | 23 days | 1,568 sqft |
| 2021-06-01 | 22 days | 1,497 sqft |
| 2021-07-01 | 26 days | 1,464 sqft |
| 2021-08-01 | 27 days | 1,515 sqft |
| 2021-09-01 | 35 days | 1,412 sqft |
| 2021-10-01 | 38 days | 1,456 sqft |
| 2021-11-01 | 44 days | 1,430 sqft |
| 2021-12-01 | 51 days | 1,426 sqft |
| 2022-01-01 | 64 days | 1,350 sqft |
| 2022-02-01 | 69 days | 1,369 sqft |
| 2022-03-01 | 40 days | 1,410 sqft |
| 2022-04-01 | 38 days | 1,520 sqft |
SAGINAW's median listing age (time on market) for 2022-04-01 was 38 days.
This
is 21%
longer
than the same period one year ago.
SAGINAW's median square footage for active listings during the 2022-04-01 period was 1,520 sqft. One year prior, the average listing was 1,463 sqft.
SAGINAW's median square footage for active listings during the 2022-04-01 period was 1,520 sqft. One year prior, the average listing was 1,463 sqft.
