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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Frankenmuth Credit Union 373 3.09% $2,298
QUICKEN LOANS, LLC 221 3.16% $4,042
LAKE MICHIGAN CREDIT UNION 122 3.15% $2,863
Wanigas Credit Union 109 3.40% $2,204
Independent Bank 103 3.21% $2,915
The Huntington National Bank 84 3.17% $2,806
1st State Financial, Ltd. 82 2.96% $2,253
HEALTH ADVANTAGE FEDERAL CREDIT UNION 72 3.19% $2,585
UNITED FINANCIAL Credit Union 68 3.24% $2,479
DOW CHEMICAL EMPLOYEES' 67 3.40% $2,606
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 60 3.43% $3,213
UNITED WHOLESALE MORTGAGE, LLC 56 3.10% $3,907
TEAM ONE CREDIT UNION 53 2.93% $1,486
JOLT CREDIT UNION 42 2.93% $2,613
ACADEMY MORTGAGE CORPORATION 40 3.34% $3,385
JPMorgan Chase Bank 39 3.15% $2,602
J. VIRGIL, INC. 38 3.40% $3,855
ENVOY MORTGAGE, LTD 37 3.46% $3,296
Isabella Bank 35 2.74% $2,423
UNION HOME MORTGAGE CORP. 34 3.34% $3,050
MID AMERICA MORTGAGE, INC. 29 3.44% $3,564
AMERIFIRST FINANCIAL CORPORATION 26 3.43% $3,009
Fifth Third Bank 25 3.23% $2,888
Mr. Cooper ( Nationstar Mortgage ) 23 3.40% $4,943
MORTGAGE 1 INCORPORATED 22 3.52% $3,775
Mercantile Bank of Michigan 19 3.14% $2,444
Lake Huron Credit Union 18 3.04% $3,346
Wells Fargo Bank 16 3.59% $3,170
Dort Financial Credit Union 15 3.12% $2,567
FINANCIAL PLUS CREDIT UNION 14 2.88% $3,373
TCF National Bank 14 3.00% $2,734
PNC Bank 14 3.12% $2,829
Citizens Bank 13 3.12% $2,959
CALIBER HOME LOANS, INC. 13 3.22% $2,916
LOANDEPOT.COM, LLC 13 3.14% $4,057
AMERISAVE MORTGAGE CORPORATION 12 3.10% $3,935
Flagstar Bank, FSB 12 3.33% $2,314
NEWREZ LLC 11 3.12% $3,279
GreenStone Farm Credit Services, FLCA 11 3.64% $3,606
The State Bank 10 3.33% $2,221
MEMBERS FIRST Credit Union 9 3.21% $1,413
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 9 3.25% $2,854
BROKER SOLUTIONS, INC. 9 3.22% $4,619
U.S. Bank 8 3.16% $2,460
CROSSCOUNTRY MORTGAGE, LLC 8 3.33% $3,852
GENISYS 8 3.05% $2,418
Carrington Mortgage Services, LLC 7 3.52% $6,377
MEMBER FIRST MORTGAGE, LLC 7 3.48% $2,835
NAVY FEDERAL CREDIT UNION 7 4.41% $3,596
First Guaranty Mortgage Corporation 7 3.25% $4,236
BETTER MORTGAGE CORPORATION 7 3.30% $2,409
TOWNE MORTGAGE COMPANY 6 3.48% $3,297
Sunflower Bank 6 3.24% $3,046
Preston Home Loans Inc 6 3.21% $3,194
Bank of America 6 2.98% $2,502
GUARANTEED RATE, INC. 6 3.08% $3,929
SECURITY CREDIT UNION 6 3.15% $1,700
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 3.00% $3,113
ROYAL UNITED MORTGAGE LLC 6 3.42% $5,919
GENEVA FINANCIAL, LLC 6 3.58% $3,554
HOME POINT FINANCIAL CORPORATION 5 3.07% $3,708
Ally Bank 5 3.25% $2,431
FREEDOM MORTGAGE CORPORATION 5 3.53% $2,435
FinancialEdge Community Credit Union 5 3.35% $1,973
ELGA CREDIT UNION 5 3.23% $3,061
AMERICAN FINANCING CORPORATION 5 3.05% $3,672
MORTGAGE CENTER L.C 5 3.33% $2,434
RUOFF MORTGAGE COMPANY, INC. 4 3.00% $1,824
VAN DYK MORTGAGE CORPORATION 4 3.13% $1,477
Level One Bank 4 3.03% $2,875
ROSS MORTGAGE CORPORATION 3 3.04% $3,670
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 3.29% $3,442
Manufacturers and Traders Trust Company 3 3.42% $4,345
LAKEVIEW LOAN SERVICING, LLC 3 3.67% $1,956
MUTUAL OF OMAHA MORTGAGE, INC. 3 3.33% $3,167
First Savings Bank 3 3.67% $6,779
BLG HOLDINGS, INC. 3 3.00% $3,580
FINANCE OF AMERICA MORTGAGE LLC 3 3.16% $3,793
The Dart Bank 2 3.56% $2,693
ADVISORS CAPITAL, INC. 2 3.06% $2,998
COMMUNITY FINANCIAL CREDIT UNION 2 3.00% $2,716
COPOCO Community Credit Union 2 3.19% $3,064
First State Bank 2 3.06% $2,506
HOMESTEAD FUNDING CORP. 2 2.69% $3,772
MICHIGAN MUTUAL, INC. 2 3.31% $3,569
MICHIGAN SCHOOLS AND GOVERNMENT 2 4.19% $2,472
MMS MORTGAGE SERVICES, LTD. 2 3.00% $2,571
Paramount Residential Mortgage Group, Inc. 2 3.31% $4,802
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.44% $2,882
RESIDENTIAL BANCORP. 2 2.81% $4,637
STOCKTON MORTGAGE CORPORATION 2 3.44% $2,708
Truist Bank 2 3.13% $3,151
NETWORK CAPITAL FUNDING CORPORATION 1 3.88% $9,097
HOMESIDE FINANCIAL, LLC 1 3.25% $4,942
Northpointe Bank 1 3.49% $3,329
Arvest Bank 1 3.25% $3,634
PFCU 1 3.25% $2,849
PHH Mortgage Corporation 1 3.88% $5,614
Plains Commerce Bank 1 3.38% $1,656
PLANET HOME LENDING, LLC 1 2.88% $1,923
Platinum Home Mortgage Corporation 1 2.99% $2,877
PLAZA HOME MORTGAGE, INC. 1 4.25% $2,287
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.00% $1,803
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.38% $3,106
US MORTGAGE CORPORATION 1 3.25% $3,337
GUIDANCE RESIDENTIAL, LLC 1 3.25% $3,427
ARBOR FINANCIAL CREDIT UNION 1 3.00% $3,469
GUARANTEED RATE AFFINITY, LLC 1 2.99% $0
Gateway First Bank 1 3.25% $3,070
First Internet Bank of Indiana 1 3.00% $2,098
FIRST CENTENNIAL MORTGAGE CORPORATION 1 3.13% $3,325
Servion, Inc. 1 3.38% $2,295
SOFI LENDING CORP. 1 3.13% $2,768
SOUTHWEST FUNDING, LP 1 3.63% $5,056
SOVEREIGN LENDING GROUP INCORPORATED 1 4.13% $4,293
SPRING EQ, LLC 1 3.00% $0
STAUNTON FINANCIAL, INC. 1 3.63% $2,463
Stifel Bank and Trust 1 2.50% $2,173
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 5.63% $7,693
Strong Home Mortgage, LLC 1 3.00% $853
SUCCESS MORTGAGE PARTNERS, INC. 1 3.25% $4,343
SUMMIT FUNDING, INC. 1 2.99% $3,296
DFCU FINANCIAL 1 3.25% $2,452
SUNRISE FAMILY CREDIT UNION 1 3.38% $2,353
SUN WEST MORTGAGE COMPANY, INC. 1 2.75% $6,367
SWBC MORTGAGE CORPORATION 1 3.50% $4,959
DAS Acquisition Company, LLC 1 3.13% $2,866
CRESCENT MORTGAGE COMPANY 1 2.75% $1,273
THE ANDERSON FINANCIAL GROUP, INC. 1 2.75% $2,326
The Central Trust Bank 1 2.75% $2,605
CONSUMERS 1 3.99% $2,442
COMPASS MORTGAGE, INC. 1 3.13% $3,018
The Northern Trust Company 1 3.38% $3,878
The Park National Bank 1 3.13% $2,789
Commerce Bank 1 3.25% $3,084
Three Rivers Federal Credit Union 1 3.38% $2,693
THRIVENT Federal Credit Union 1 3.00% $2,331
TLC COMMUNITY Credit Union 1 2.88% $2,591
ChoiceOne Bank 1 3.25% $3,282
ADVANTAGE ONE Credit Union 1 3.13% $2,616
Chicago Mortgage Solutions LLC 1 2.87% $1,099
Bank of England 1 3.50% $4,727
Bank of Ann Arbor 1 3.25% $2,897
UNIVERSITY OF MICHIGAN CREDIT UNION 1 3.25% $2,353
Mortgage Research Center, LLC 1 2.99% $2,359
MOVEMENT MORTGAGE, LLC 1 2.94% $3,063
KELLER MORTGAGE, LLC 1 3.50% $2,989
InterContinental Capital Group, Inc 1 2.75% $4,054
Hometown Lenders, Inc. 1 3.88% $3,333

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.

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.