SAGINAW Mortgage Rates & Closing Costs
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% |
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.).
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.