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 6.69% for the week of 2024-02-22, compared to the national average of 6.9% for the same period.

The average rate for the prior week (2024-02-15) was 6.96% and one month ago for the week of 2024-01-18, the average rate was 6.69%.

Saginaw's average rate one year ago was 6.54%.

For refis of the same type during the week of 2024-02-22, the average rate was 6.45%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-22 6.9%
Saginaw 30 Year Fixed Rate 2024-02-22 6.69%
Saginaw 30 Year Fixed Rate Refi 2024-02-22 6.45%
Saginaw 15 Year Fixed Rate 2024-02-22 6.54%
Saginaw 15 Year Fixed Rate Refi 2024-02-22 5.53%
Saginaw 30 Year FHA 2024-02-22 -0.5%
Saginaw 30 Year FHA Refi 2024-02-22 0.2%
Saginaw 30 Year USDA 2024-02-22 -0.26%
Saginaw 30 Year USDA Refi 2024-02-22 -0.1%
Saginaw 30 Year VA 2024-02-22 -0.24%
Saginaw 30 Year VA Refi 2024-02-22 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Frankenmuth Credit Union 202 5.34% $1,932
QUICKEN LOANS, LLC 115 5.33% $4,933
LAKE MICHIGAN CREDIT UNION 76 5.10% $2,946
Wildfire Credit Union 68 4.70% $2,172
1st State Financial, Ltd. 67 4.69% $2,261
Independent Bank 64 5.05% $2,797
The Huntington National Bank 58 4.61% $3,277
UNITED WHOLESALE MORTGAGE, LLC 52 5.38% $3,889
ACADEMY MORTGAGE CORPORATION 44 5.47% $4,028
HEALTH ADVANTAGE FEDERAL CREDIT UNION 41 5.81% $2,532
CARDINAL FINANCIAL 39 5.49% $3,980
TEAM ONE CREDIT UNION 38 5.00% $882
DOW CHEMICAL EMPLOYEES' 33 5.14% $2,941
JPMorgan Chase Bank 32 4.61% $2,706
J. VIRGIL, INC. 26 5.45% $4,628
Wanigas Credit Union 25 4.71% $2,144
UNITED FINANCIAL Credit Union 23 5.13% $2,578
Fifth Third Bank 22 4.86% $2,757
Wells Fargo Bank 18 5.02% $3,700
Mr. Cooper ( Nationstar Mortgage ) 18 5.44% $6,095
FINANCIAL PLUS CREDIT UNION 17 5.99% $2,469
MORTGAGE 1 INCORPORATED 17 5.29% $3,945
The State Bank 17 5.29% $2,346
Mercantile Bank of Michigan 16 5.25% $3,380
Isabella Bank 15 5.12% $2,669
ENVOY MORTGAGE, LTD 14 5.58% $4,155
MID AMERICA MORTGAGE, INC. 13 5.27% $3,716
PNC Bank 12 4.66% $3,789
Flagstar Bank, FSB 12 4.94% $3,841
LEGEND LENDING CORPORATION 12 6.28% $4,548
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 12 4.97% $3,211
Preston Home Loans Inc 11 5.54% $4,764
LOANDEPOT.COM, LLC 10 5.07% $5,086
NAVY FEDERAL CREDIT UNION 9 6.63% $3,226
AMERIFIRST FINANCIAL CORPORATION 9 5.47% $5,479
UNION HOME MORTGAGE CORP. 9 4.90% $4,120
Citizens Bank 8 5.16% $3,743
GreenStone Farm Credit Services, FLCA 8 5.64% $3,222
Lake Huron Credit Union 7 4.20% $3,321
CALIBER HOME LOANS, INC. 7 5.15% $3,534
Bank of America 7 4.25% $2,471
AMERICAN FINANCING CORPORATION 6 4.77% $4,758
STAUNTON FINANCIAL, INC. 6 5.48% $4,725
SECURITY CREDIT UNION 6 3.92% $2,033
ChoiceOne Bank 6 5.25% $5,467
NEWREZ LLC 5 4.78% $3,689
FREEDOM MORTGAGE CORPORATION 5 4.43% $3,896
The Dart Bank 5 5.95% $3,456
MORTGAGE CENTER L.C 5 4.88% $2,954
MICHIGAN MUTUAL, INC. 5 6.02% $3,532
BROKER SOLUTIONS, INC. 5 5.54% $4,354
Dort Financial Credit Union 5 4.70% $2,569
CONSUMERS 5 5.83% $2,691
HOME POINT FINANCIAL CORPORATION 5 5.32% $5,194
USAA Federal Savings Bank 4 5.63% $3,404
GENISYS 4 3.78% $2,728
PLAZA HOME MORTGAGE, INC. 4 6.22% $6,284
Discover Bank 4 7.18% $0
Horizon Bank 3 4.38% $3,126
GENEVA FINANCIAL, LLC 3 5.88% $4,095
MEMBERS FIRST Credit Union 3 4.38% $1,933
ROYAL UNITED MORTGAGE LLC 3 6.13% $6,103
First State Bank 3 5.16% $2,514
First Merchants Bank 3 4.83% $3,629
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 5.75% $5,117
ROSS MORTGAGE CORPORATION 2 5.38% $4,513
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.43% $4,697
BAYSHORE MORTGAGE FUNDING, LLC 2 7.06% $4,596
BETTER MORTGAGE CORPORATION 2 5.06% $2,217
Carrington Mortgage Services, LLC 2 7.44% $6,222
CORNERSTONE HOME LENDING, INC. 2 4.56% $3,876
CROSSCOUNTRY MORTGAGE, LLC 2 4.50% $3,569
FinancialEdge Community Credit Union 2 6.00% $2,201
GUARANTEED RATE, INC. 2 5.40% $5,922
JOLT CREDIT UNION 2 4.88% $4,450
LAKEVIEW LOAN SERVICING, LLC 2 5.06% $4,496
Mortgage Research Center, LLC 2 6.06% $5,527
Neighborhood Loans, Inc. 2 6.00% $6,421
PENNYMAC LOAN SERVICES, LLC 2 5.19% $5,579
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.88% $4,008
RUOFF MORTGAGE COMPANY, INC. 2 5.88% $3,569
Servion, Inc. 2 5.25% $2,497
SOUTHWEST FUNDING, LP 2 5.38% $7,667
SUCCESS MORTGAGE PARTNERS, INC. 2 5.75% $4,067
TOWNE MORTGAGE COMPANY 2 4.63% $3,202
U.S. Bank 2 5.13% $2,250
VAN DYK MORTGAGE CORPORATION 2 3.25% $2,786
Northpointe Bank 1 4.00% $3,546
OAKTREE FUNDING CORP. 1 5.38% $10,313
Old National Bank 1 4.25% $2,195
Wyndham Capital Mortgage, Inc. 1 5.13% $2,393
PLANET HOME LENDING, LLC 1 5.99% $2,739
Hometown Lenders, Inc. 1 5.50% $3,163
GUILD MORTGAGE COMPANY 1 4.50% $6,115
GUARANTY HOME MORTGAGE CORPORATION 1 5.88% $5,269
ZILLOW HOME LOANS, LLC 1 4.88% $8,976
Great Southern Bank 1 3.38% $1,836
RBC Bank, (Georgia) 1 5.25% $1,607
RELIANCE FIRST CAPITAL, LLC 1 6.50% $9,895
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.38% $4,022
Goldman Sachs Bank USA 1 3.75% $3,059
VIBE CREDIT UNION 1 5.13% $5,915
First Savings Bank 1 4.38% $7,862
V.I.P. MORTGAGE, INC. 1 5.38% $4,317
Century Mortgage Company DBA Century Lending Company 1 5.88% $5,173
First National Bank of America 1 9.38% $5,639
AMERISAVE MORTGAGE CORPORATION 1 5.00% $4,953
Sunflower Bank 1 5.63% $2,995
SUNRISE FAMILY CREDIT UNION 1 5.38% $2,545
First Guaranty Mortgage Corporation 1 3.88% $3,739
THE ANDERSON FINANCIAL GROUP, INC. 1 4.75% $2,911
First Dakota National Bank 1 5.98% $6,366
The Federal Savings Bank 1 7.50% $7,427
FINANCE OF AMERICA MORTGAGE LLC 1 6.50% $3,447
EVERETT FINANCIAL, INC. 1 7.63% $1,612
AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.99% $8,915
UBS Bank USA 1 6.50% $3,089
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 4.00% $3,318
COMMUNITY FINANCIAL CREDIT UNION 1 5.25% $2,848
Commercial Bank 1 4.82% $2,361
UNIVERSITY LENDING GROUP, LLC 1 5.75% $2,982
MORTGAGE ACCESS CORP. 1 5.25% $3,982
UNIVERSITY OF MICHIGAN CREDIT UNION 1 3.50% $2,524
MMS MORTGAGE SERVICES, LTD. 1 3.38% $2,836
M&T Bank 1 5.25% $4,477
MUTUAL OF OMAHA MORTGAGE, INC. 1 4.25% $12,555
Midwest BankCentre 1 3.63% $2,550
NBKC BANK 1 7.38% $2,072
CMG MORTGAGE, INC. 1 4.99% $6,414
NEW ENGLAND FEDERAL CREDIT UNION 1 5.13% $3,275
MICHIGAN SCHOOLS AND GOVERNMENT 1 3.75% $2,038
North American Savings Bank, F.S.B. 1 3.50% $1,951

SAGINAW Average Closing Costs & Other Stats

SAGINAW, MI's 132 lenders originated 3,878 loans during 2022. The total origination value was $630,280,000, with an average loan value of $162,527.

SAGINAW's average closing costs are $3,495.

The top SAGINAW lender as defined by loan originations is Frankenmuth Credit Union, with 202 loans originated. Their average total fees are $1,932, which is $3,001 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee SAGINAW lenders (with over 10 loans originated) are TEAM ONE CREDIT UNION ($882), Frankenmuth Credit Union ($1,932), Wanigas Credit Union ($2,144), Wildfire Credit Union ($2,172) and 1st State Financial, Ltd. ($2,261).

The lowest rate SAGINAW lenders (with over 10 loans originated) are JPMorgan Chase Bank (4.61%), The Huntington National Bank (4.61%), PNC Bank (4.66%), 1st State Financial, Ltd. (4.69%) and Wildfire Credit Union (4.70%).

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Frankenmuth Credit Union $120,235,000 $72,150,000 -40.0% 11.4%
QUICKEN LOANS, LLC $85,850,000 $40,550,000 -52.8% 6.4%
Merchants Bank of Indiana $31,745,000 n/a 5.0%
The Huntington National Bank $40,375,000 $30,000,000 -25.7% 4.8%
Isabella Bank $20,370,000 $22,960,000 12.7% 3.6%
LAKE MICHIGAN CREDIT UNION $35,975,000 $20,855,000 -42.0% 3.3%
UNITED WHOLESALE MORTGAGE, LLC $29,605,000 $19,515,000 -34.1% 3.1%
Wildfire Credit Union $22,540,000 $17,900,000 -20.6% 2.8%
1st State Financial, Ltd. $41,415,000 $17,200,000 -58.5% 2.7%
WALKER & DUNLOP, LLC $15,030,000 n/a 2.4%
ACADEMY MORTGAGE CORPORATION $16,045,000 $14,875,000 -7.3% 2.4%
Independent Bank $31,910,000 $13,055,000 -59.1% 2.1%
DOW CHEMICAL EMPLOYEES' $21,915,000 $11,245,000 -48.7% 1.8%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $16,450,000 $11,150,000 -32.2% 1.8%
GREYSTONE FUNDING COMPANY LLC $10,745,000 n/a 1.7%
MID AMERICA MORTGAGE, INC. $13,765,000 $10,730,000 -22.0% 1.7%
JOLT CREDIT UNION $18,655,000 $10,440,000 -44.0% 1.7%
J. VIRGIL, INC. $11,355,000 $10,300,000 -9.3% 1.6%
Mortgage Research Center, LLC $10,185,000 $9,440,000 -7.3% 1.5%
TEAM ONE CREDIT UNION $13,670,000 $8,210,000 -39.9% 1.3%
Fifth Third Bank $8,680,000 $8,065,000 -7.1% 1.3%
PNC Bank $9,310,000 $8,025,000 -13.8% 1.3%
HEALTH ADVANTAGE FEDERAL CREDIT UNION $16,995,000 $7,350,000 -56.8% 1.2%
Old National Bank $9,580,000 $7,130,000 -25.6% 1.1%
The State Bank $5,520,000 $6,955,000 26.0% 1.1%
UNITED FINANCIAL Credit Union $14,730,000 $6,390,000 -56.6% 1.0%
JPMorgan Chase Bank $10,215,000 $6,100,000 -40.3% 1.0%
Citizens Bank $6,325,000 $6,065,000 -4.1% 1.0%
Horizon Bank $1,460,000 $5,935,000 306.5% 0.9%
MORTGAGE 1 INCORPORATED $7,320,000 $5,800,000 -20.8% 0.9%
ADVIA $5,730,000 n/a 0.9%
Mercantile Bank of Michigan $24,165,000 $5,085,000 -79.0% 0.8%
Wanigas Credit Union $24,260,000 $5,060,000 -79.1% 0.8%
ENVOY MORTGAGE, LTD $9,975,000 $5,050,000 -49.4% 0.8%
Preston Home Loans Inc $1,975,000 $5,050,000 155.7% 0.8%
Comerica Bank $165,000 $4,945,000 2,897.0% 0.8%
CALIBER HOME LOANS, INC. $3,735,000 $4,605,000 23.3% 0.7%
LEGEND LENDING CORPORATION $4,580,000 n/a 0.7%
FINANCIAL PLUS CREDIT UNION $2,580,000 $4,440,000 72.1% 0.7%
Lake Huron Credit Union $7,900,000 $4,315,000 -45.4% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $9,120,000 $4,075,000 -55.3% 0.6%
Wells Fargo Bank $7,950,000 $4,070,000 -48.8% 0.6%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $1,930,000 $4,045,000 109.6% 0.6%
Flagstar Bank, FSB $4,740,000 $3,605,000 -23.9% 0.6%
Bank of America $4,435,000 $3,580,000 -19.3% 0.6%
LOANDEPOT.COM, LLC $4,955,000 $3,015,000 -39.2% 0.5%
AMERIFIRST FINANCIAL CORPORATION $6,300,000 $2,745,000 -56.4% 0.4%
FREEDOM MORTGAGE CORPORATION $12,470,000 $2,515,000 -79.8% 0.4%
GreenStone Farm Credit Services, FLCA $5,840,000 $2,465,000 -57.8% 0.4%
STAUNTON FINANCIAL, INC. $240,000 $2,380,000 891.7% 0.4%
UNION HOME MORTGAGE CORP. $9,435,000 $2,360,000 -75.0% 0.4%
NAVY FEDERAL CREDIT UNION $3,865,000 $2,260,000 -41.5% 0.4%
PENNYMAC LOAN SERVICES, LLC $3,030,000 $2,255,000 -25.6% 0.4%
CREDIT UNION ONE $230,000 $2,000,000 769.6% 0.3%
The Dart Bank $580,000 $1,985,000 242.2% 0.3%
ELGA CREDIT UNION $3,490,000 $1,935,000 -44.6% 0.3%
AMERISAVE MORTGAGE CORPORATION $3,240,000 $1,865,000 -42.4% 0.3%
PLAZA HOME MORTGAGE, INC. $480,000 $1,750,000 264.6% 0.3%
USAA Federal Savings Bank $2,610,000 $1,745,000 -33.1% 0.3%
BROKER SOLUTIONS, INC. $2,895,000 $1,700,000 -41.3% 0.3%
HOME POINT FINANCIAL CORPORATION $2,320,000 $1,680,000 -27.6% 0.3%
NEWREZ LLC $5,160,000 $1,620,000 -68.6% 0.3%
ChoiceOne Bank $355,000 $1,610,000 353.5% 0.3%
First Merchants Bank $1,450,000 n/a 0.2%
GENEVA FINANCIAL, LLC $1,685,000 $1,450,000 -13.9% 0.2%
SECURITY CREDIT UNION $1,830,000 $1,430,000 -21.9% 0.2%
GUARANTEED RATE, INC. $1,680,000 $1,425,000 -15.2% 0.2%
Carrington Mortgage Services, LLC $3,280,000 $1,395,000 -57.5% 0.2%
CROSSCOUNTRY MORTGAGE, LLC $2,040,000 $1,355,000 -33.6% 0.2%
NEW DAY FINANCIAL, LLC $1,445,000 $1,285,000 -11.1% 0.2%
MICHIGAN MUTUAL, INC. $1,715,000 $1,260,000 -26.5% 0.2%
Barrington Bank & Trust Company, N.A. $855,000 $1,200,000 40.4% 0.2%
Dort Financial Credit Union $2,725,000 $1,130,000 -58.5% 0.2%
Tri-County Bank $35,000 $1,095,000 3,028.6% 0.2%
MORTGAGE CENTER L.C $770,000 $1,070,000 39.0% 0.2%
U.S. Bank $1,420,000 $1,050,000 -26.1% 0.2%
LAKEVIEW LOAN SERVICING, LLC $2,400,000 $975,000 -59.4% 0.2%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $1,010,000 $945,000 -6.4% 0.1%
TOWNE MORTGAGE COMPANY $1,185,000 $935,000 -21.1% 0.1%
SOUTHWEST FUNDING, LP $840,000 $920,000 9.5% 0.1%
LENDINGHOME FUNDING CORPORATION $930,000 $915,000 -1.6% 0.1%
FINANCE OF AMERICA MORTGAGE LLC $1,400,000 $910,000 -35.0% 0.1%
ROSS MORTGAGE CORPORATION $1,085,000 $910,000 -16.1% 0.1%
CONSUMERS $145,000 $905,000 524.1% 0.1%
Goldman Sachs Bank USA $885,000 n/a 0.1%
Thumb Bank and Trust $35,000 $850,000 2,328.6% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,480,000 $845,000 -42.9% 0.1%
AMERICAN FINANCING CORPORATION $1,060,000 $810,000 -23.6% 0.1%
ARBOR FINANCIAL CREDIT UNION $255,000 $785,000 207.8% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $200,000 $775,000 287.5% 0.1%
UNIVERSITY OF MICHIGAN CREDIT UNION $145,000 $700,000 382.8% 0.1%
GENISYS $2,000,000 $670,000 -66.5% 0.1%
First Dakota National Bank $665,000 n/a 0.1%
Neighborhood Loans, Inc. $105,000 $665,000 533.3% 0.1%
The Federal Savings Bank $275,000 $665,000 141.8% 0.1%
United Bay Community Credit Union $1,975,000 $665,000 -66.3% 0.1%
21ST MORTGAGE CORPORATION $665,000 $640,000 -3.8% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $610,000 $640,000 4.9% 0.1%
RELIANCE FIRST CAPITAL, LLC $410,000 $635,000 54.9% 0.1%
MEMBERS FIRST Credit Union $2,000,000 $620,000 -69.0% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $385,000 $610,000 58.4% 0.1%
Discover Bank $580,000 n/a 0.1%
BLG HOLDINGS, INC. $1,000,000 $565,000 -43.5% 0.1%
BETTER MORTGAGE CORPORATION $2,075,000 $560,000 -73.0% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $1,085,000 $515,000 -52.5% 0.1%
First State Bank $345,000 $470,000 36.2% 0.1%
DAS Acquisition Company, LLC $320,000 $445,000 39.1% 0.1%
EVERETT FINANCIAL, INC. $430,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $175,000 $395,000 125.7% 0.1%
VAN DYK MORTGAGE CORPORATION $785,000 $390,000 -50.3% 0.1%
The Central Trust Bank $345,000 $375,000 8.7% 0.1%
MOVEMENT MORTGAGE, LLC $235,000 $370,000 57.4% 0.1%
M&T Bank $425,000 $365,000 -14.1% 0.1%
ROYAL UNITED MORTGAGE LLC $1,390,000 $360,000 -74.1% 0.1%
COPOCO Community Credit Union $1,035,000 $355,000 -65.7% 0.1%
CLEARPATH LENDING $675,000 $350,000 -48.1% 0.1%
CORNERSTONE HOME LENDING, INC. $345,000 n/a 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $680,000 $340,000 -50.0% 0.1%
BAYSHORE MORTGAGE FUNDING, LLC $210,000 $335,000 59.5% 0.1%
RUOFF MORTGAGE COMPANY, INC. $1,095,000 $330,000 -69.9% 0.1%
CMG MORTGAGE, INC. $185,000 $320,000 73.0% 0.1%
Century Mortgage Company DBA Century Lending Company $310,000 n/a 0.0%
Citibank $105,000 $305,000 190.5% 0.0%
VIBE CREDIT UNION $95,000 $305,000 221.1% 0.0%
MICHIGAN SCHOOLS AND GOVERNMENT $765,000 $295,000 -61.4% 0.0%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $285,000 n/a 0.0%
FinancialEdge Community Credit Union $1,800,000 $285,000 -84.2% 0.0%
CHURCHILL MORTGAGE CORPORATION $560,000 $280,000 -50.0% 0.0%
First Guaranty Mortgage Corporation $2,225,000 $275,000 -87.6% 0.0%
HOMESIDE FINANCIAL, LLC $490,000 $270,000 -44.9% 0.0%
HOMESITE MORTGAGE, LLC $270,000 n/a 0.0%
Lakeview Community Capital, LLC $665,000 $265,000 -60.2% 0.0%
NEW ENGLAND FEDERAL CREDIT UNION $265,000 n/a 0.0%
OAKTREE FUNDING CORP. $265,000 n/a 0.0%
Wyndham Capital Mortgage, Inc. $145,000 $265,000 82.8% 0.0%
COMMUNITY FINANCIAL CREDIT UNION $430,000 $255,000 -40.7% 0.0%
Figure Lending LLC $325,000 $255,000 -21.5% 0.0%
Midwest BankCentre $255,000 n/a 0.0%
Paramount Residential Mortgage Group, Inc. $1,040,000 $255,000 -75.5% 0.0%
Ally Bank $1,315,000 $240,000 -81.7% 0.0%
Servion, Inc. $290,000 $240,000 -17.2% 0.0%
STOCKTON MORTGAGE CORPORATION $575,000 $230,000 -60.0% 0.0%
AMERICAN ADVISORS GROUP $240,000 $225,000 -6.3% 0.0%
Northstar Bank $300,000 $225,000 -25.0% 0.0%
UBS Bank USA $225,000 n/a 0.0%
VILLAGE CAPITAL MORTGAGE $1,450,000 $225,000 -84.5% 0.0%
First Savings Bank $1,025,000 $215,000 -79.0% 0.0%
Bethpage Federal Credit Union $205,000 n/a 0.0%
Low VA Rates, LLC $125,000 $205,000 64.0% 0.0%
NBKC BANK $95,000 $195,000 105.3% 0.0%
CALCON MUTUAL MORTGAGE LLC $175,000 n/a 0.0%
LOANPAL, LLC $175,000 n/a 0.0%
SPRING EQ, LLC $265,000 $175,000 -34.0% 0.0%
SUNRISE FAMILY CREDIT UNION $830,000 $175,000 -78.9% 0.0%
Bank of England $320,000 $170,000 -46.9% 0.0%
Great Southern Bank $165,000 n/a 0.0%
UNIVERSITY LENDING GROUP, LLC $160,000 n/a 0.0%
MORTGAGE ACCESS CORP. $155,000 n/a 0.0%
NORTHERN MORTGAGE SERVICES, LLC $265,000 $155,000 -41.5% 0.0%
FIRST COMMUNITY MORTGAGE, INC. $310,000 $145,000 -53.2% 0.0%
GUILD MORTGAGE COMPANY $145,000 n/a 0.0%
FAY SERVICING, LLC $140,000 n/a 0.0%
LAFCU $35,000 $140,000 300.0% 0.0%
MEMBER FIRST MORTGAGE, LLC $1,600,000 $135,000 -91.6% 0.0%
North American Savings Bank, F.S.B. $135,000 n/a 0.0%
Sunflower Bank $1,665,000 $135,000 -91.9% 0.0%
THE ANDERSON FINANCIAL GROUP, INC. $205,000 $135,000 -34.1% 0.0%
Consumers Professional Credit Union $130,000 n/a 0.0%
Arvest Bank $125,000 $125,000 0.0% 0.0%
Secured Investment Corp. $125,000 n/a 0.0%
ARC HOME LLC $115,000 n/a 0.0%
First National Bank of America $415,000 $115,000 -72.3% 0.0%
Hometown Lenders, Inc. $55,000 $115,000 109.1% 0.0%
V.I.P. MORTGAGE, INC. $115,000 n/a 0.0%
Northpointe Bank $270,000 $110,000 -59.3% 0.0%
AMERICAN MORTGAGE SERVICE COMPANY $375,000 $105,000 -72.0% 0.0%
GUARANTY HOME MORTGAGE CORPORATION $105,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $55,000 $105,000 90.9% 0.0%
Magnolia Bank $315,000 $105,000 -66.7% 0.0%
PHH Mortgage Corporation $460,000 $105,000 -77.2% 0.0%
RBC Bank, (Georgia) $105,000 n/a 0.0%
State Department Federal Credit Union $105,000 n/a 0.0%
SUN WEST MORTGAGE COMPANY, INC. $340,000 $105,000 -69.1% 0.0%
MMS MORTGAGE SERVICES, LTD. $170,000 $85,000 -50.0% 0.0%
QUORUM FEDERAL CREDIT UNION $85,000 n/a 0.0%
BM Real Estate Services, Inc. $145,000 $75,000 -48.3% 0.0%
Cornerstone First Mortgage, Inc $75,000 n/a 0.0%
MICHIGAN FIRST CREDIT UNION $70,000 n/a 0.0%
TEACHERS CREDIT UNION $65,000 n/a 0.0%
Commercial Bank $435,000 $55,000 -87.4% 0.0%
LONGBRIDGE FINANCIAL, LLC $55,000 n/a 0.0%
PFCU $95,000 $45,000 -52.6% 0.0%
PLANET HOME LENDING, LLC $310,000 $45,000 -85.5% 0.0%
Lake Trust Credit Union $70,000 $35,000 -50.0% 0.0%
Christian Financial Credit Union $25,000 n/a 0.0%
COMMUNITY CHOICE CREDIT UNION $25,000 n/a 0.0%
Meijer Credit Union $15,000 n/a 0.0%

SAGINAW's top lender by overall market share is Frankenmuth Credit Union, with 11.4% market share. In second place, with 6.4%, is QUICKEN LOANS, LLC, having originated $40,550,000 in loans. In third place, with 5.0%, is Merchants Bank of Indiana, having originated $31,745,000 in loans. In fourth place, with 4.8%, is The Huntington National Bank, having originated $30,000,000 in loans. In fifth place, with 3.6%, is Isabella Bank, having originated $22,960,000 in loans.


SAGINAW Housing Market Trends (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 $89,450 (-6.4%) $128,689 (-0.3%) 0.33 562
2018-02-01 $86,481 (-10.3%) $129,229 (0.8%) 0.31 542
2018-03-01 $87,125 (-3.2%) $131,117 (1.6%) 0.31 516
2018-04-01 $98,900 (8.4%) $136,482 (3.8%) 0.34 491
2018-05-01 $107,425 (4.9%) $148,642 (7.4%) 0.36 477
2018-06-01 $112,450 (6.4%) $153,196 (10.0%) 0.38 514
2018-07-01 $117,075 (6.5%) $154,973 (12.5%) 0.39 539
2018-08-01 $114,900 (4.5%) $150,892 (8.8%) 0.38 570
2018-09-01 $119,900 (9.1%) $156,322 (10.5%) 0.40 601
2018-10-01 $123,125 (21.9%) $156,617 (13.8%) 0.42 590
2018-11-01 $122,250 (23.2%) $153,680 (13.6%) 0.41 567
2018-12-01 $119,900 (27.2%) $151,128 (14.8%) 0.41 540
2019-01-01 $116,125 (29.8%) $147,294 (14.5%) 0.40 480
2019-02-01 $119,900 (38.6%) $149,555 (15.7%) 0.41 425
2019-03-01 $122,900 (41.1%) $157,765 (20.3%) 0.40 382
2019-04-01 $128,400 (29.8%) $164,605 (20.6%) 0.41 358
2019-05-01 $132,113 (23.0%) $173,453 (16.7%) 0.41 394
2019-06-01 $129,900 (15.5%) $165,738 (8.2%) 0.41 460
2019-07-01 $129,250 (10.4%) $172,181 (11.1%) 0.40 477
2019-08-01 $127,882 (11.3%) $170,431 (13.0%) 0.41 511
2019-09-01 $126,205 (5.3%) $165,642 (6.0%) 0.40 526
2019-10-01 $125,086 (1.6%) $162,502 (3.8%) 0.40 535
2019-11-01 $119,950 (-1.9%) $156,573 (1.9%) 0.39 522
2019-12-01 $119,900 (0.0%) $154,498 (2.2%) 0.40 459
2020-01-01 $116,749 (0.5%) $150,676 (2.3%) 0.39 403
2020-02-01 $107,700 (-10.2%) $145,034 (-3.0%) 0.35 368
2020-03-01 $109,400 (-11.0%) $152,429 (-3.4%) 0.34 306
2020-04-01 $119,900 (-6.6%) $156,642 (-4.8%) 0.38 290
2020-05-01 $124,900 (-5.5%) $166,473 (-4.0%) 0.38 262
2020-06-01 $130,425 (0.4%) $182,082 (9.9%) 0.38 212
2020-07-01 $129,650 (0.3%) $184,224 (7.0%) 0.38 204
2020-08-01 $139,900 (9.4%) $195,366 (14.6%) 0.40 215
2020-09-01 $131,650 (4.3%) $196,092 (18.4%) 0.38 249
2020-10-01 $130,900 (4.7%) $205,458 (26.4%) 0.38 262
2020-11-01 $132,400 (10.4%) $187,504 (19.8%) 0.39 240
2020-12-01 $124,400 (3.8%) $178,749 (15.7%) 0.37 211
2021-01-01 $102,400 (-12.3%) $171,314 (13.7%) 0.31 162
2021-02-01 $113,600 (5.5%) $188,343 (29.9%) 0.33 140
2021-03-01 $105,250 (-3.8%) $173,697 (14.0%) 0.30 125
2021-04-01 $112,300 (-6.3%) $187,637 (19.8%) 0.30 114
2021-05-01 $137,450 (10.1%) $214,484 (28.8%) 0.37 135
2021-06-01 $137,150 (5.2%) $202,650 (11.3%) 0.36 191
2021-07-01 $139,900 (7.9%) $196,172 (6.5%) 0.37 231
2021-08-01 $141,900 (1.4%) $193,145 (-1.1%) 0.38 282
2021-09-01 $117,500 (-10.8%) $174,610 (-11.0%) 0.31 298
2021-10-01 $119,900 (-8.4%) $181,138 (-11.8%) 0.32 303
2021-11-01 $122,400 (-7.6%) $179,884 (-4.1%) 0.33 312
2021-12-01 $114,800 (-7.7%) $177,845 (-0.5%) 0.31 281
2022-01-01 $99,900 (-2.4%) $170,594 (-0.4%) 0.27 220
2022-02-01 $105,325 (-7.3%) $181,830 (-3.5%) 0.27 194
2022-03-01 $116,200 (10.4%) $187,473 (7.9%) 0.29 182
2022-04-01 $146,400 (30.4%) $210,864 (12.4%) 0.35 166
2022-05-01 $145,925 (6.2%) $198,236 (-7.6%) 0.33 178
2022-06-01 $148,650 (8.4%) $207,046 (2.2%) 0.33 216
2022-07-01 $166,500 (19.0%) $227,832 (16.1%) 0.38 256
2022-08-01 $159,675 (12.5%) $216,297 (12.0%) 0.37 321
2022-09-01 $155,000 (31.9%) $206,203 (18.1%) 0.36 318
2022-10-01 $159,900 (33.4%) $207,741 (14.7%) 0.38 309
2022-11-01 $139,900 (14.3%) $198,285 (10.2%) 0.34 313
2022-12-01 $149,900 (30.6%) $202,487 (13.9%) 0.37 266
2023-01-01 $147,400 (47.6%) $201,289 (18.0%) 0.37 235
2023-02-01 $131,225 (24.6%) $202,041 (11.1%) 0.32 209
2023-03-01 $127,400 (9.6%) $207,008 (10.4%) 0.30 190
2023-04-01 $149,000 (1.8%) $219,364 (4.0%) 0.35 185
2023-05-01 $143,100 (-1.9%) $213,722 (7.8%) 0.32 196
2023-06-01 $139,675 (-6.0%) $219,176 (5.9%) 0.31 210
2023-07-01 $129,900 (-22.0%) $225,873 (-0.9%) 0.30 266
2023-08-01 $146,225 (-8.4%) $216,376 (0.0%) 0.34 315
2023-09-01 $149,900 (-3.3%) $214,330 (3.9%) 0.35 340
2023-10-01 $149,900 (-6.3%) $218,701 (5.3%) 0.35 334
2023-11-01 $152,450 (9.0%) $213,994 (7.9%) 0.36 375
2023-12-01 $159,900 (6.7%) $211,058 (4.2%) 0.39 347
SAGINAW's median listing price for 2023-12-01 was $159,900, a difference of $10,000 (6.7%) versus the prior year and $7,450 versus the prior month.

SAGINAW's median listing price comes in at 39% of the national average.

SAGINAW's average listing price for 2023-12-01 was $211,058, a difference of $8,571 (4.2%) versus the prior year and $-2,936 versus the prior month.

For the 2023-12-01 period, SAGINAW had 347 MLS listings, a difference of -28 listings (-7%) versus the prior month and 81 listings (30%) 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 81 days 1,453 sqft
2018-02-01 81 days 1,433 sqft
2018-03-01 68 days 1,449 sqft
2018-04-01 64 days 1,460 sqft
2018-05-01 49 days 1,482 sqft
2018-06-01 45 days 1,512 sqft
2018-07-01 48 days 1,539 sqft
2018-08-01 45 days 1,508 sqft
2018-09-01 51 days 1,466 sqft
2018-10-01 51 days 1,536 sqft
2018-11-01 59 days 1,532 sqft
2018-12-01 73 days 1,520 sqft
2019-01-01 80 days 1,479 sqft
2019-02-01 83 days 1,519 sqft
2019-03-01 72 days 1,521 sqft
2019-04-01 59 days 1,535 sqft
2019-05-01 40 days 1,530 sqft
2019-06-01 37 days 1,520 sqft
2019-07-01 44 days 1,575 sqft
2019-08-01 48 days 1,563 sqft
2019-09-01 50 days 1,545 sqft
2019-10-01 53 days 1,533 sqft
2019-11-01 58 days 1,520 sqft
2019-12-01 71 days 1,531 sqft
2020-01-01 78 days 1,508 sqft
2020-02-01 74 days 1,453 sqft
2020-03-01 61 days 1,472 sqft
2020-04-01 73 days 1,480 sqft
2020-05-01 74 days 1,456 sqft
2020-06-01 39 days 1,539 sqft
2020-07-01 32 days 1,547 sqft
2020-08-01 29 days 1,578 sqft
2020-09-01 26 days 1,561 sqft
2020-10-01 31 days 1,568 sqft
2020-11-01 37 days 1,521 sqft
2020-12-01 45 days 1,489 sqft
2021-01-01 47 days 1,422 sqft
2021-02-01 44 days 1,434 sqft
2021-03-01 37 days 1,390 sqft
2021-04-01 25 days 1,396 sqft
2021-05-01 17 days 1,486 sqft
2021-06-01 22 days 1,460 sqft
2021-07-01 24 days 1,422 sqft
2021-08-01 27 days 1,469 sqft
2021-09-01 35 days 1,403 sqft
2021-10-01 39 days 1,404 sqft
2021-11-01 46 days 1,385 sqft
2021-12-01 54 days 1,367 sqft
2022-01-01 66 days 1,317 sqft
2022-02-01 69 days 1,353 sqft
2022-03-01 40 days 1,364 sqft
2022-04-01 30 days 1,454 sqft
2022-05-01 24 days 1,419 sqft
2022-06-01 26 days 1,450 sqft
2022-07-01 30 days 1,522 sqft
2022-08-01 31 days 1,498 sqft
2022-09-01 42 days 1,456 sqft
2022-10-01 46 days 1,493 sqft
2022-11-01 45 days 1,473 sqft
2022-12-01 53 days 1,472 sqft
2023-01-01 54 days 1,494 sqft
2023-02-01 61 days 1,483 sqft
2023-03-01 58 days 1,462 sqft
2023-04-01 54 days 1,552 sqft
2023-05-01 35 days 1,540 sqft
2023-06-01 32 days 1,541 sqft
2023-07-01 29 days 1,423 sqft
2023-08-01 31 days 1,427 sqft
2023-09-01 40 days 1,430 sqft
2023-10-01 46 days 1,430 sqft
2023-11-01 45 days 1,451 sqft
2023-12-01 57 days 1,443 sqft
SAGINAW's median listing age (time on market) for 2023-12-01 was 57 days. This is 8% longer than the same period one year ago.

SAGINAW's median square footage for active listings during the 2023-12-01 period was 1,443 sqft. One year prior, the average listing was 1,472 sqft.

SAGINAW, MI Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
48415 Saginaw, MI $570 $650 $860 $1,070 $1,170
48417 Saginaw, MI $680 $780 $1,020 $1,270 $1,380
48420 Saginaw, MI $500 $600 $760 $950 $1,030
48457 Saginaw, MI $550 $640 $820 $1,030 $1,110
48460 Saginaw, MI $550 $580 $760 $990 $1,070
48601 Saginaw, MI $510 $590 $770 $960 $1,040
48602 Saginaw, MI $520 $600 $790 $990 $1,070
48603 Saginaw, MI $640 $730 $960 $1,200 $1,300
48604 Saginaw, MI $600 $680 $900 $1,130 $1,220
48605 Saginaw, MI $550 $630 $830 $1,040 $1,130
48606 Saginaw, MI $550 $630 $830 $1,040 $1,130
48607 Saginaw, MI $520 $600 $790 $990 $1,070
48608 Saginaw, MI $550 $630 $830 $1,040 $1,130
48609 Saginaw, MI $500 $580 $760 $950 $1,030
48614 Saginaw, MI $600 $690 $910 $1,140 $1,230
48616 Saginaw, MI $520 $580 $760 $950 $1,030
48623 Saginaw, MI $700 $800 $1,060 $1,330 $1,450
48626 Saginaw, MI $500 $580 $760 $1,060 $1,190
48637 Saginaw, MI $560 $640 $850 $1,070 $1,190
48638 Saginaw, MI $550 $630 $830 $1,040 $1,130
48649 Saginaw, MI $540 $620 $810 $1,010 $1,100
48655 Saginaw, MI $520 $600 $790 $990 $1,070
48708 Saginaw, MI $500 $590 $760 $1,000 $1,080
48722 Saginaw, MI $500 $580 $760 $950 $1,030
48724 Saginaw, MI $580 $660 $860 $1,080 $1,170
48734 Saginaw, MI $500 $580 $760 $950 $1,030
48747 Saginaw, MI $630 $740 $950 $1,240 $1,350
48757 Saginaw, MI $500 $580 $760 $950 $1,030
48768 Saginaw, MI $550 $630 $830 $1,040 $1,130
48807 Saginaw, MI $640 $670 $820 $1,060 $1,140
48831 Saginaw, MI $640 $670 $830 $1,070 $1,140
48841 Saginaw, MI $650 $750 $990 $1,230 $1,350
48867 Saginaw, MI $570 $580 $760 $1,010 $1,090

2022 Average & Median Rent Data Statistics
SAGINAW, MI average 1BR rent: $639, median: $630
SAGINAW, MI average 2BR rent: $834, median: $820
SAGINAW, MI average 3BR rent: $1,055, median: $1,040

SAGINAW, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,108 $394,270,000 $187,035
Cash Out Refi 748 $95,380,000 $127,513
Refi 423 $98,055,000 $231,809
Home Improvement 376 $24,400,000 $64,894
Other 221 $18,115,000 $81,968
NA 2 $60,000 $30,000

Saginaw's most frequently cited loan purpose was Home Purchase, with 2,108 originations. The 2nd most popular reason was Cash Out Refi, with 748 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 1,058 $165,640,000 $156,560
4-5% 815 $164,745,000 $202,141
3-4% 774 $143,000,000 $184,755
6-7% 560 $79,520,000 $142,000
7-8% 225 $24,045,000 $106,867
2.5-3% 180 $28,540,000 $158,556
<2.5% 120 $13,290,000 $110,750
Over 8% 97 $6,145,000 $63,351

During 2022, Saginaw's most frequently originated rate bucket was 5-6%, with 1,058 originations.

Loan Sizing (SAGINAW, MI MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 1,599 $93,205,000 $58,290
$100k-200k 1,545 $217,585,000 $140,832
$200k-400k 601 $159,715,000 $265,749
$400k-600k 86 $41,020,000 $476,977
$600k-1000k 25 $18,165,000 $726,600
$Over $1MM 22 $100,590,000 $4,572,273

SAGINAW's loan sizing saw the bucket of loans from $100,000 or less with 1,599 originations, totaling $93,205,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,737 $294,285,000 $169,421
60-80% 994 $227,230,000 $228,602
40-60% 392 $51,860,000 $132,296
20-40% 379 $29,375,000 $77,507
Under 20% 274 $8,750,000 $31,934
Over 100% 38 $7,590,000 $199,737

SAGINAW's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,737 originations, totaling $294,285,000 in origination value.