SAGINAW Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Saginaw averaged 6.65% 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 6.85% and one month ago for the week of 2025-05-29, the average rate was 7.17%.

Saginaw's average rate one year ago was 7.04%.

For refis of the same type during the week of 2025-07-03, the average rate was 7.51%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-07-03 6.67%
Saginaw 30 Year Fixed Rate 2025-07-03 6.65%
Saginaw 30 Year Fixed Rate Refi 2025-07-03 7.51%
Saginaw 15 Year Fixed Rate 2025-07-03 5.6%
Saginaw 15 Year Fixed Rate Refi 2025-07-03 6.4%
Saginaw 30 Year FHA 2025-07-03 0.1%
Saginaw 30 Year FHA Refi 2025-07-03 0%
Saginaw 30 Year USDA 2025-07-03 0.1%
Saginaw 30 Year USDA Refi 2025-07-03 -0.1%
Saginaw 30 Year VA 2025-07-03 0.35%
Saginaw 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 SAGINAW, MI.

SAGINAW 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 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Frankenmuth Credit Union 156 6.75% $2,509
QUICKEN LOANS, LLC 110 6.73% $5,449
UNITED WHOLESALE MORTGAGE, LLC 70 6.91% $5,025
LAKE MICHIGAN CREDIT UNION 61 6.65% $3,384
The Huntington National Bank 61 6.85% $3,509
STAUNTON FINANCIAL, INC. 52 6.78% $3,807
Independent Bank 41 6.73% $3,117
BLG HOLDINGS, INC. 38 6.68% $5,626
J. VIRGIL, INC. 33 6.84% $4,647
FINANCIAL PLUS CREDIT UNION 32 6.50% $2,814
Preston Home Loans Inc 31 6.94% $4,641
HEALTH ADVANTAGE FEDERAL CREDIT UNION 29 6.68% $2,864
Mercantile Bank of Michigan 26 6.64% $3,510
DOW CHEMICAL EMPLOYEES' 26 7.34% $2,943
FIRST COMMUNITY MORTGAGE, INC. 25 6.89% $3,951
DAS Acquisition Company, LLC 23 6.72% $4,710
MORTGAGE 1 INCORPORATED 22 6.93% $6,101
The State Bank 19 6.33% $2,675
Isabella Bank 18 6.22% $2,963
JPMorgan Chase Bank 15 6.85% $3,066
UNION HOME MORTGAGE CORP. 13 7.12% $5,295
JOLT CREDIT UNION 12 6.32% $3,895
Dort Financial Credit Union 8 5.98% $2,474
PNC Bank 8 6.73% $3,926
LOANDEPOT.COM, LLC 7 6.76% $5,575
Bank of America 7 6.54% $3,240
Flagstar Bank, FSB 7 7.00% $3,825
First State Bank 6 6.77% $3,772
NAVY FEDERAL CREDIT UNION 6 6.98% $4,242
Fifth Third Bank 6 6.69% $2,960
ROYAL UNITED MORTGAGE LLC 5 7.13% $6,243
MORTGAGE CENTER L.C 5 6.53% $3,645
The Dart Bank 5 7.10% $3,258
NEWREZ LLC 5 6.95% $4,119
Citizens Bank 4 6.28% $3,302
BROKER SOLUTIONS, INC. 4 7.28% $6,396
GENISYS 4 6.38% $2,831
GUILD MORTGAGE COMPANY 3 6.17% $3,580
Horizon Bank 3 6.58% $3,296
VAN DYK MORTGAGE CORPORATION 3 6.83% $3,396
The Loan Store, Inc. 3 6.62% $5,369
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.75% $6,580
CALCON MUTUAL MORTGAGE LLC 3 6.63% $3,846
Mortgage Research Center, LLC 3 7.21% $3,386
MMS MORTGAGE SERVICES, LTD. 3 6.71% $3,538
Lake Huron Credit Union 3 6.71% $4,307
MICHIGAN FIRST CREDIT UNION 3 6.96% $3,102
TOWNE MORTGAGE COMPANY 3 6.62% $4,825
MEMBER FIRST MORTGAGE, LLC 3 6.92% $4,313
SUCCESS MORTGAGE PARTNERS, INC. 3 6.46% $6,781
MEMBERS FIRST Credit Union 3 6.25% $2,427
CROSSCOUNTRY MORTGAGE, LLC 3 6.84% $5,721
UNITED FINANCIAL Credit Union 3 6.46% $2,480
GENEVA FINANCIAL, LLC 3 6.92% $4,267
GUARANTEED RATE, INC. 3 6.59% $5,114
ZILLOW HOME LOANS, LLC 2 7.38% $2,978
ChoiceOne Bank 2 6.31% $2,517
CHURCHILL MORTGAGE CORPORATION 2 6.38% $6,201
CONSUMERS 2 6.50% $3,347
CREDIT UNION ONE 2 7.50% $3,666
Discover Bank 2 7.28% $0
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.31% $4,560
FinancialEdge Community Credit Union 2 6.38% $2,058
Financial Partners Credit Union 2 7.13% $4,145
GVC MORTGAGE, INC. 2 6.85% $6,579
Mr. Cooper ( Nationstar Mortgage ) 2 7.06% $7,821
Northpointe Bank 2 6.69% $7,943
ROSS MORTGAGE CORPORATION 2 6.99% $4,460
SIRVA MORTGAGE, INC. 2 6.81% $1,108
SOUTHWEST FUNDING, LP 2 7.13% $5,410
Wells Fargo Bank 2 6.38% $4,785
Paramount Residential Mortgage Group, Inc. 1 7.50% $7,562
Plains Commerce Bank 1 6.63% $6,254
PLAZA HOME MORTGAGE, INC. 1 7.38% $8,400
LAFCU 1 6.13% $3,005
PREMIA MORTGAGE, LLC 1 6.60% $25
KEMBA FINANCIAL 1 6.38% $3,395
Prosperity Home Mortgage, LLC 1 7.00% $3,418
PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.50% $3,418
FREEDOM MORTGAGE CORPORATION 1 6.75% $6,683
U.S. Bank 1 6.88% $10,394
First Merchants Bank 1 6.88% $3,232
S1L, Inc. 1 6.50% $3,824
SECURITY CREDIT UNION 1 5.88% $2,433
Ally Bank 1 6.50% $3,813
Academy Bank 1 6.63% $2,877
First Horizon Bank 1 7.38% $4,102
DFCU FINANCIAL 1 6.50% $3,355
SUMMIT FUNDING, INC. 1 6.63% $4,696
T2 FINANCIAL LLC 1 6.88% $5,919
CMG MORTGAGE, INC. 1 6.50% $4,195
Charles Schwab Bank, SSB 1 5.98% $3,132
CANOPY MORTGAGE, LLC 1 6.63% $4,778
BMO Harris Bank 1 8.00% $4,144
TOP FLITE FINANCIAL, INC. 1 6.99% $8,164
Barrington Bank & Trust Company, N.A. 1 8.63% $3,632
ARBOR FINANCIAL CREDIT UNION 1 5.38% $3,079
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.50% $4,830
American Mortgage & Equity Consultants, Inc. 1 7.50% $4,211
University Bank 1 5.75% $5,053
MOVEMENT MORTGAGE, LLC 1 6.99% $4,941
NBKC BANK 1 6.50% $3,436
MID AMERICA MORTGAGE, INC. 1 7.13% $7,256
NexBank 1 6.99% $7,386
USAA Federal Savings Bank 1 6.00% $5,091

SAGINAW Average Closing Costs & Other Stats

SAGINAW, MI's 105 lenders originated 3,149 loans during 2024. The total origination value was $486,835,000, with an average loan value of $154,600.

SAGINAW's average closing costs are $3,817.

The top SAGINAW lender as defined by loan originations is Frankenmuth Credit Union, with 156 loans originated. Their average total fees are $2,509, which is $2,940 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee SAGINAW lenders (with over 10 loans originated) are Frankenmuth Credit Union ($2,509), The State Bank ($2,675), FINANCIAL PLUS CREDIT UNION ($2,814), HEALTH ADVANTAGE FEDERAL CREDIT UNION ($2,864) and DOW CHEMICAL EMPLOYEES' ($2,943).

The lowest rate SAGINAW lenders (with over 10 loans originated) are Isabella Bank (6.22%), JOLT CREDIT UNION (6.32%), The State Bank (6.33%), FINANCIAL PLUS CREDIT UNION (6.50%) and Mercantile Bank of Michigan (6.64%).

SAGINAW, 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
Frankenmuth Credit Union $41,740,000 $47,920,000 14.8% 9.8%
QUICKEN LOANS, LLC $30,855,000 $39,400,000 27.7% 8.1%
The Huntington National Bank $24,235,000 $29,955,000 23.6% 6.2%
UNITED WHOLESALE MORTGAGE, LLC $18,820,000 $29,705,000 57.8% 6.1%
LAKE MICHIGAN CREDIT UNION $18,235,000 $22,460,000 23.2% 4.6%
Mortgage Research Center, LLC $10,750,000 $16,720,000 55.5% 3.4%
STAUNTON FINANCIAL, INC. $2,180,000 $13,820,000 533.9% 2.8%
Independent Bank $15,150,000 $13,245,000 -12.6% 2.7%
BLG HOLDINGS, INC. $1,905,000 $12,150,000 537.8% 2.5%
Isabella Bank $8,620,000 $12,150,000 41.0% 2.5%
Wildfire Credit Union $8,825,000 $10,975,000 24.4% 2.3%
Preston Home Loans Inc $6,970,000 $10,475,000 50.3% 2.2%
FIRST COMMUNITY MORTGAGE, INC. $6,890,000 $9,150,000 32.8% 1.9%
First American Bank $9,005,000 n/a 1.8%
1st State Financial, Ltd. $11,380,000 $8,915,000 -21.7% 1.8%
DOW CHEMICAL EMPLOYEES' $6,825,000 $7,505,000 10.0% 1.5%
J. VIRGIL, INC. $6,635,000 $7,245,000 9.2% 1.5%
FINANCIAL PLUS CREDIT UNION $4,630,000 $7,175,000 55.0% 1.5%
MORTGAGE 1 INCORPORATED $6,575,000 $7,000,000 6.5% 1.4%
HEALTH ADVANTAGE FEDERAL CREDIT UNION $3,390,000 $6,910,000 103.8% 1.4%
DAS Acquisition Company, LLC $1,760,000 $6,425,000 265.1% 1.3%
JOLT CREDIT UNION $6,950,000 $6,335,000 -8.8% 1.3%
Mercantile Bank of Michigan $21,780,000 $6,190,000 -71.6% 1.3%
PNC Bank $5,730,000 $5,895,000 2.9% 1.2%
TEAM ONE CREDIT UNION $3,925,000 $5,660,000 44.2% 1.2%
FREEDOM MORTGAGE CORPORATION $930,000 $4,770,000 412.9% 1.0%
UNITED FINANCIAL Credit Union $5,685,000 $4,590,000 -19.3% 0.9%
UNION HOME MORTGAGE CORP. $2,580,000 $4,300,000 66.7% 0.9%
The State Bank $6,230,000 $4,225,000 -32.2% 0.9%
GreenStone Farm Credit Services, FLCA $2,575,000 $4,200,000 63.1% 0.9%
NAVY FEDERAL CREDIT UNION $2,030,000 $4,170,000 105.4% 0.9%
Bank of America $1,215,000 $4,005,000 229.6% 0.8%
CREDIT UNION ONE $1,305,000 $3,255,000 149.4% 0.7%
JPMorgan Chase Bank $4,665,000 $3,230,000 -30.8% 0.7%
Lake Huron Credit Union $3,410,000 $3,205,000 -6.0% 0.7%
ELGA CREDIT UNION $1,960,000 $2,940,000 50.0% 0.6%
Fifth Third Bank $3,915,000 $2,855,000 -27.1% 0.6%
LOANDEPOT.COM, LLC $1,240,000 $2,850,000 129.8% 0.6%
Citizens Bank $5,520,000 $2,560,000 -53.6% 0.5%
NEWREZ LLC $930,000 $2,445,000 162.9% 0.5%
PENNYMAC LOAN SERVICES, LLC $4,160,000 $2,445,000 -41.2% 0.5%
Dort Financial Credit Union $1,290,000 $2,295,000 77.9% 0.5%
GUARANTEED RATE, INC. $335,000 $2,100,000 526.9% 0.4%
CROSSCOUNTRY MORTGAGE, LLC $1,720,000 $2,070,000 20.3% 0.4%
MUTUAL OF OMAHA MORTGAGE, INC. $620,000 $1,790,000 188.7% 0.4%
Flagstar Bank, FSB $1,870,000 $1,780,000 -4.8% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $2,110,000 $1,690,000 -19.9% 0.3%
Horizon Bank $2,200,000 $1,595,000 -27.5% 0.3%
VILLAGE CAPITAL MORTGAGE $150,000 $1,590,000 960.0% 0.3%
BROKER SOLUTIONS, INC. $1,610,000 $1,470,000 -8.7% 0.3%
First State Bank $1,230,000 $1,465,000 19.1% 0.3%
21ST MORTGAGE CORPORATION $1,095,000 $1,460,000 33.3% 0.3%
TOWNE MORTGAGE COMPANY $980,000 $1,380,000 40.8% 0.3%
Regions Bank $1,345,000 n/a 0.3%
GUILD MORTGAGE COMPANY $1,335,000 n/a 0.3%
Carrington Mortgage Services, LLC $1,795,000 $1,255,000 -30.1% 0.3%
The Dart Bank $4,230,000 $1,255,000 -70.3% 0.3%
SOUTHWEST FUNDING, LP $1,185,000 n/a 0.2%
MID AMERICA MORTGAGE, INC. $2,980,000 $1,180,000 -60.4% 0.2%
TOP FLITE FINANCIAL, INC. $485,000 $1,180,000 143.3% 0.2%
GENISYS $680,000 $1,135,000 66.9% 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $145,000 $1,100,000 658.6% 0.2%
Discover Bank $445,000 $1,030,000 131.5% 0.2%
USAA Federal Savings Bank $1,990,000 $995,000 -50.0% 0.2%
MORTGAGE CENTER L.C $965,000 $985,000 2.1% 0.2%
The Loan Store, Inc. $970,000 n/a 0.2%
CMG MORTGAGE, INC. $105,000 $930,000 785.7% 0.2%
ROYAL UNITED MORTGAGE LLC $1,015,000 $895,000 -11.8% 0.2%
NEW DAY FINANCIAL, LLC $780,000 $870,000 11.5% 0.2%
SUCCESS MORTGAGE PARTNERS, INC. $1,575,000 $825,000 -47.6% 0.2%
Figure Lending LLC $160,000 $815,000 409.4% 0.2%
VAN DYK MORTGAGE CORPORATION $360,000 $815,000 126.4% 0.2%
Academy Bank $800,000 n/a 0.2%
CLEARPATH LENDING $775,000 n/a 0.2%
ROSS MORTGAGE CORPORATION $1,330,000 $760,000 -42.9% 0.2%
GENEVA FINANCIAL, LLC $735,000 $745,000 1.4% 0.2%
SECURITY CREDIT UNION $530,000 $725,000 36.8% 0.1%
LENDINGHOME FUNDING CORPORATION $280,000 $715,000 155.4% 0.1%
MOVEMENT MORTGAGE, LLC $210,000 $690,000 228.6% 0.1%
AmeriHome Mortgage Company, LLC $685,000 n/a 0.1%
MEMBER FIRST MORTGAGE, LLC $985,000 $685,000 -30.5% 0.1%
NBKC BANK $155,000 $655,000 322.6% 0.1%
CONSUMERS $120,000 $650,000 441.7% 0.1%
Wells Fargo Bank $59,160,000 $620,000 -99.0% 0.1%
ChoiceOne Bank $1,100,000 $600,000 -45.5% 0.1%
Barrington Bank & Trust Company, N.A. $605,000 $595,000 -1.7% 0.1%
PREMIA MORTGAGE, LLC $580,000 n/a 0.1%
UMB Bank $575,000 n/a 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $965,000 $565,000 -41.5% 0.1%
Equity Prime Mortgage LLC $815,000 $555,000 -31.9% 0.1%
Northpointe Bank $450,000 $540,000 20.0% 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $415,000 $540,000 30.1% 0.1%
MEMBERS FIRST Credit Union $605,000 $535,000 -11.6% 0.1%
U.S. Bank $660,000 $535,000 -18.9% 0.1%
Great Lakes Federal Credit Union $415,000 $530,000 27.7% 0.1%
LAKEVIEW LOAN SERVICING, LLC $270,000 $515,000 90.7% 0.1%
First Merchants Bank $1,500,000 $510,000 -66.0% 0.1%
NORTHERN MORTGAGE SERVICES, LLC $405,000 $510,000 25.9% 0.1%
Consumers Professional Credit Union $765,000 $505,000 -34.0% 0.1%
DOMINION FINANCIAL SERVICES, LLC $500,000 n/a 0.1%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $1,515,000 $485,000 -68.0% 0.1%
Prosperity Home Mortgage, LLC $2,040,000 $485,000 -76.2% 0.1%
MICHIGAN FIRST CREDIT UNION $125,000 $470,000 276.0% 0.1%
CHURCHILL MORTGAGE CORPORATION $530,000 $450,000 -15.1% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,470,000 $445,000 -69.7% 0.1%
AMERISAVE MORTGAGE CORPORATION $840,000 $435,000 -48.2% 0.1%
Plains Commerce Bank $390,000 $435,000 11.5% 0.1%
PHH Mortgage Corporation $235,000 $415,000 76.6% 0.1%
Old National Bank $870,000 $405,000 -53.4% 0.1%
SIRVA MORTGAGE, INC. $400,000 n/a 0.1%
ARBOR FINANCIAL CREDIT UNION $380,000 n/a 0.1%
S1L, Inc. $375,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $320,000 $375,000 17.2% 0.1%
FINANCE OF AMERICA REVERSE LLC $110,000 $365,000 231.8% 0.1%
PENTAGON FEDERAL CREDIT UNION $55,000 $355,000 545.5% 0.1%
American Mortgage & Equity Consultants, Inc. $225,000 $345,000 53.3% 0.1%
FinancialEdge Community Credit Union $395,000 $335,000 -15.2% 0.1%
Ixonia Bank $335,000 n/a 0.1%
MMS MORTGAGE SERVICES, LTD. $135,000 $335,000 148.1% 0.1%
SUMMIT FUNDING, INC. $325,000 $335,000 3.1% 0.1%
KeyBank $320,000 n/a 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $315,000 $320,000 1.6% 0.1%
LENOX FINANCIAL MORTGAGE CORPORATION $305,000 n/a 0.1%
DELMAR FINANCIAL COMPANY $295,000 n/a 0.1%
Commercial Bank $685,000 $285,000 -58.4% 0.1%
PLAZA HOME MORTGAGE, INC. $360,000 $285,000 -20.8% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $500,000 $275,000 -45.0% 0.1%
CALCON MUTUAL MORTGAGE LLC $275,000 n/a 0.1%
CANOPY MORTGAGE, LLC $260,000 n/a 0.1%
United Bay Community Credit Union $530,000 $250,000 -52.8% 0.1%
PLANET HOME LENDING, LLC $165,000 $245,000 48.5% 0.1%
Century Mortgage Company DBA Century Lending Company $530,000 $235,000 -55.7% 0.0%
Texana Bank $235,000 n/a 0.0%
GVC MORTGAGE, INC. $85,000 $230,000 170.6% 0.0%
LIMA ONE CAPITAL, LLC $470,000 $230,000 -51.1% 0.0%
Credence Funding Corporation $225,000 n/a 0.0%
Nations Lending Corporation $75,000 $225,000 200.0% 0.0%
The Federal Savings Bank $225,000 n/a 0.0%
OceanFirst Bank $215,000 n/a 0.0%
THE MORTGAGE LINK, INC. $215,000 n/a 0.0%
First Horizon Bank $205,000 n/a 0.0%
MICHIGAN MUTUAL, INC. $1,755,000 $205,000 -88.3% 0.0%
SPRING EQ, LLC $55,000 $205,000 272.7% 0.0%
T2 FINANCIAL LLC $205,000 n/a 0.0%
CARDINAL FINANCIAL $2,785,000 $200,000 -92.8% 0.0%
Citadel Servicing Corporation $195,000 n/a 0.0%
EMM LOANS LLC $195,000 n/a 0.0%
Paramount Residential Mortgage Group, Inc. $345,000 $195,000 -43.5% 0.0%
LAFCU $415,000 $190,000 -54.2% 0.0%
Armed Forces Bank $185,000 n/a 0.0%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $185,000 n/a 0.0%
HOMEXPRESS MORTGAGE CORP. $185,000 n/a 0.0%
Eaton Community Bank $175,000 n/a 0.0%
RUOFF MORTGAGE COMPANY, INC. $290,000 $175,000 -39.7% 0.0%
NexBank $75,000 $165,000 120.0% 0.0%
AMERICAN HERITAGE LENDING, INC. $155,000 n/a 0.0%
LENDINGONE, LLC $150,000 n/a 0.0%
BETTER MORTGAGE CORPORATION $195,000 $145,000 -25.6% 0.0%
Goldwater Bank, N.A. $145,000 n/a 0.0%
KEMBA FINANCIAL $145,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $45,000 $135,000 200.0% 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $125,000 n/a 0.0%
LOANPAL, LLC $125,000 n/a 0.0%
Financial Partners Credit Union $35,000 $120,000 242.9% 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $95,000 n/a 0.0%
Coastal Community Bank $250,000 $95,000 -62.0% 0.0%
County National Bank $95,000 n/a 0.0%
DEEPHAVEN MORTGAGE LLC $95,000 n/a 0.0%
DFCU FINANCIAL $490,000 $95,000 -80.6% 0.0%
Ally Bank $85,000 n/a 0.0%
Charles Schwab Bank, SSB $85,000 n/a 0.0%
Homestead Savings Bank $85,000 n/a 0.0%
Zeal Credit Union $85,000 n/a 0.0%
Cornerstone First Mortgage, Inc $75,000 n/a 0.0%
SOVITA Credit Union $75,000 n/a 0.0%
University Bank $75,000 n/a 0.0%
BMO Harris Bank $65,000 n/a 0.0%
CONSTRUCTIVE LOANS, LLC $65,000 n/a 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $85,000 $65,000 -23.5% 0.0%
ADVIA $45,000 n/a 0.0%
American Airlines Federal Credit Union $185,000 $35,000 -81.1% 0.0%
COMMUNITY FINANCIAL CREDIT UNION $35,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $25,000 $35,000 40.0% 0.0%
GREENSTATE CREDIT UNION $25,000 $25,000 0.0% 0.0%
Lake Trust Credit Union $25,000 n/a 0.0%
M&T Bank $155,000 $25,000 -83.9% 0.0%
SUNRISE FAMILY CREDIT UNION $210,000 $25,000 -88.1% 0.0%

SAGINAW's top lender by overall market share is Frankenmuth Credit Union, with 9.8% market share. In second place, with 8.1%, is QUICKEN LOANS, LLC, having originated $39,400,000 in loans. In third place, with 6.2%, is The Huntington National Bank, having originated $29,955,000 in loans. In fourth place, with 6.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $29,705,000 in loans. In fifth place, with 4.6%, is LAKE MICHIGAN CREDIT UNION, having originated $22,460,000 in loans.

SAGINAW, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,789 $325,535,000 $181,965
Cash Out Refi 441 $57,325,000 $129,989
Home Improvement 339 $23,975,000 $70,723
Refi 296 $58,880,000 $198,919
Other 284 $21,120,000 $74,366

Saginaw's most frequently cited loan purpose was Home Purchase, with 1,789 originations. The 2nd most popular reason was Cash Out Refi, with 441 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,290 $229,250,000 $177,713
7-8% 645 $102,625,000 $159,109
Over 8% 620 $54,270,000 $87,532
5-6% 340 $67,160,000 $197,529
4-5% 16 $2,970,000 $185,625
<2.5% 7 $405,000 $57,857
2.5-3% 2 $370,000 $185,000
3-4% 1 $25,000 $25,000

During 2024, Saginaw's most frequently originated rate bucket was 6-7%, with 1,290 originations.

Loan Sizing (SAGINAW, MI MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 1,197 $67,715,000 $56,571
$100k-200k 1,180 $171,840,000 $145,627
$200k-400k 648 $173,540,000 $267,809
$400k-600k 98 $45,080,000 $460,000
$600k-1000k 22 $15,190,000 $690,455
$Over $1MM 4 $13,470,000 $3,367,500

SAGINAW's loan sizing saw the bucket of loans from $100,000 or less with 1,197 originations, totaling $67,715,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,305 $251,215,000 $192,502
60-80% 655 $106,795,000 $163,046
20-40% 371 $26,405,000 $71,173
40-60% 268 $44,010,000 $164,216
Under 20% 236 $9,250,000 $39,195
Over 100% 32 $7,570,000 $236,563

SAGINAW's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,305 originations, totaling $251,215,000 in origination value.