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 7.14% for the week of 2024-06-20, compared to the national average of 6.87% for the same period.

The average rate for the prior week (2024-06-13) was 6.82% and one month ago for the week of 2024-05-16, the average rate was 6.99%.

Saginaw's average rate one year ago was 6.86%.

For refis of the same type during the week of 2024-06-20, the average rate was 8%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-20 6.87%
Saginaw 30 Year Fixed Rate 2024-06-20 7.14%
Saginaw 30 Year Fixed Rate Refi 2024-06-20 8%
Saginaw 15 Year Fixed Rate 2024-06-20 6.33%
Saginaw 15 Year Fixed Rate Refi 2024-06-20 6.43%
Saginaw 30 Year FHA 2024-06-20 -0.04%
Saginaw 30 Year FHA Refi 2024-06-20 0.1%
Saginaw 30 Year USDA 2024-06-20 0%
Saginaw 30 Year USDA Refi 2024-06-20 -0.1%
Saginaw 30 Year VA 2024-06-20 0.16%
Saginaw 30 Year VA Refi 2024-06-20 0.1%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Frankenmuth Credit Union 130 6.91% $2,943
QUICKEN LOANS, LLC 85 6.90% $5,972
UNITED WHOLESALE MORTGAGE, LLC 58 7.00% $5,195
Independent Bank 54 6.91% $3,330
The Huntington National Bank 54 6.89% $3,255
LAKE MICHIGAN CREDIT UNION 49 6.82% $3,225
1st State Financial, Ltd. 40 6.34% $2,366
Wildfire Credit Union 31 6.43% $2,425
DOW CHEMICAL EMPLOYEES' 29 7.72% $2,888
TEAM ONE CREDIT UNION 24 6.51% $1,027
FIRST COMMUNITY MORTGAGE, INC. 24 7.03% $3,867
J. VIRGIL, INC. 23 6.70% $5,339
Preston Home Loans Inc 22 6.70% $5,542
JPMorgan Chase Bank 20 6.86% $2,867
FINANCIAL PLUS CREDIT UNION 19 6.79% $2,543
HEALTH ADVANTAGE FEDERAL CREDIT UNION 19 6.68% $2,824
MORTGAGE 1 INCORPORATED 19 7.11% $5,557
Isabella Bank 18 6.55% $2,541
The State Bank 18 7.08% $2,585
ACADEMY MORTGAGE CORPORATION 17 7.15% $4,467
Fifth Third Bank 12 6.63% $3,607
CARDINAL FINANCIAL 11 7.12% $4,437
STAUNTON FINANCIAL, INC. 11 6.86% $3,591
Citizens Bank 10 6.79% $4,036
Flagstar Bank, FSB 10 6.90% $3,082
PENNYMAC LOAN SERVICES, LLC 10 6.57% $4,372
The Dart Bank 10 7.15% $3,338
Mercantile Bank of Michigan 9 6.57% $4,662
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 8 6.64% $3,654
MICHIGAN MUTUAL, INC. 8 6.97% $4,179
BLG HOLDINGS, INC. 8 7.15% $5,009
ENVOY MORTGAGE, LTD 7 6.38% $5,169
DAS Acquisition Company, LLC 7 7.32% $3,952
PNC Bank 7 6.98% $3,408
Prosperity Home Mortgage, LLC 6 7.13% $4,044
Mr. Cooper ( Nationstar Mortgage ) 6 7.35% $6,277
BROKER SOLUTIONS, INC. 6 7.16% $6,460
UNITED FINANCIAL Credit Union 5 6.68% $2,731
Neighborhood Loans, Inc. 5 6.80% $3,459
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.77% $7,796
Wells Fargo Bank 5 7.00% $4,257
UNION HOME MORTGAGE CORP. 5 7.23% $4,581
CROSSCOUNTRY MORTGAGE, LLC 5 7.31% $5,353
MORTGAGE CENTER L.C 4 6.78% $3,904
Mortgage Research Center, LLC 4 6.41% $4,243
NAVY FEDERAL CREDIT UNION 4 7.38% $1,542
NEWREZ LLC 4 7.28% $3,701
LEGEND LENDING CORPORATION 4 6.69% $6,868
First Merchants Bank 4 6.84% $3,384
ChoiceOne Bank 4 6.66% $3,892
MEMBERS FIRST Credit Union 3 5.79% $2,210
CALIBER HOME LOANS, INC. 3 6.71% $5,202
Dort Financial Credit Union 3 6.13% $3,094
First State Bank 3 6.83% $3,174
MEMBER FIRST MORTGAGE, LLC 3 6.67% $3,489
MID AMERICA MORTGAGE, INC. 3 6.29% $6,686
ROSS MORTGAGE CORPORATION 3 6.96% $3,916
SUCCESS MORTGAGE PARTNERS, INC. 3 6.50% $7,935
USAA Federal Savings Bank 3 6.96% $3,292
DFCU FINANCIAL 2 6.31% $4,535
Family First Credit Union 2 9.20% $2,274
GENEVA FINANCIAL, LLC 2 6.81% $4,364
VAN DYK MORTGAGE CORPORATION 2 6.56% $2,979
TOWNE MORTGAGE COMPANY 2 7.44% $6,367
Bank of America 2 6.13% $5,192
CONSUMERS 2 7.63% $2,307
AMERISAVE MORTGAGE CORPORATION 2 6.19% $7,123
ROYAL UNITED MORTGAGE LLC 2 7.25% $5,927
U.S. Bank 2 6.13% $0
Horizon Bank 2 7.88% $2,947
RUOFF MORTGAGE COMPANY, INC. 2 7.31% $3,070
FinancialEdge Community Credit Union 2 7.50% $2,486
HOMESIDE FINANCIAL, LLC 2 6.44% $2,327
LOANDEPOT.COM, LLC 2 7.06% $4,112
Discover Bank 1 6.99% $0
NEW ENGLAND FEDERAL CREDIT UNION 1 6.00% $2,019
NexBank 1 7.88% $1,525
NORTHERN MORTGAGE SERVICES, LLC 1 7.75% $11,929
Northpointe Bank 1 7.25% $2,511
Paramount Residential Mortgage Group, Inc. 1 7.88% $12,477
CONTOUR MORTGAGE CORPORATION 1 7.75% $3,354
PHH Mortgage Corporation 1 5.75% $5,798
Plains Commerce Bank 1 6.63% $4,059
PLAZA HOME MORTGAGE, INC. 1 6.75% $2,866
Community Trust Bank, Inc. 1 6.13% $2,638
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.99% $5,406
Comerica Bank 1 6.25% $2,974
PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.75% $3,130
CMG MORTGAGE, INC. 1 7.38% $2,648
AMERICAN FINANCIAL NETWORK, INC. 1 7.50% $9,357
SECURITY CREDIT UNION 1 6.63% $2,428
Servion, Inc. 1 7.25% $2,774
Citibank 1 7.50% $2,881
AMCAP MORTGAGE, LTD. 1 6.75% $4,655
SUMMIT FUNDING, INC. 1 6.88% $5,187
Summit Mortgage Corporation 1 5.88% $2,695
Sunflower Bank 1 7.49% $4,168
SUNRISE FAMILY CREDIT UNION 1 7.25% $3,357
CHURCHILL MORTGAGE CORPORATION 1 7.38% $3,654
Century Mortgage Company DBA Century Lending Company 1 6.38% $16,224
BNC National Bank 1 5.88% $3,350
BETTER MORTGAGE CORPORATION 1 6.38% $4,273
TOP FLITE FINANCIAL, INC. 1 7.63% $6,057
AXIA FINANCIAL, LLC 1 6.38% $6,133
ZILLOW HOME LOANS, LLC 1 8.25% $3,198
HOMESTAR FINANCIAL CORPORATION 1 6.50% $3,771
LAFCU 1 6.13% $2,981
GUARANTEED RATE, INC. 1 7.00% $3,205
GUARANTEED RATE AFFINITY, LLC 1 6.80% $3,588
GSF Mortgage Corporation 1 4.99% $5,434
GreenStone Farm Credit Services, FLCA 1 6.50% $3,623
MICHIGAN ONE COMMUNITY Credit Union 1 6.00% $4,160
MICHIGAN SCHOOLS AND GOVERNMENT 1 6.50% $3,088
GENISYS 1 5.50% $2,094
VIBE CREDIT UNION 1 5.75% $2,429
MMS MORTGAGE SERVICES, LTD. 1 7.25% $3,083
Financial Partners Credit Union 1 7.13% $3,501
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $5,853
NATIONS RELIABLE LENDING, LLC 1 5.88% $9,047
NATIONWIDE MORTGAGE BANKERS, INC. 1 7.13% $3,464
ELGA CREDIT UNION 1 7.00% $3,519
NBKC BANK 1 7.49% $3,166

SAGINAW Average Closing Costs & Other Stats

SAGINAW, MI's 122 lenders originated 2,904 loans during 2023. The total origination value was $502,100,000, with an average loan value of $172,899.

SAGINAW's average closing costs are $3,650.

The top SAGINAW lender as defined by loan originations is Frankenmuth Credit Union, with 130 loans originated. Their average total fees are $2,943, which is $3,029 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee SAGINAW lenders (with over 10 loans originated) are TEAM ONE CREDIT UNION ($1,027), 1st State Financial, Ltd. ($2,366), Wildfire Credit Union ($2,425), Isabella Bank ($2,541) and FINANCIAL PLUS CREDIT UNION ($2,543).

The lowest rate SAGINAW lenders (with over 10 loans originated) are 1st State Financial, Ltd. (6.34%), Wildfire Credit Union (6.43%), TEAM ONE CREDIT UNION (6.51%), Isabella Bank (6.55%) and PENNYMAC LOAN SERVICES, LLC (6.57%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Wells Fargo Bank $4,070,000 $59,160,000 1,353.6% 11.8%
Frankenmuth Credit Union $72,150,000 $41,740,000 -42.1% 8.3%
QUICKEN LOANS, LLC $40,550,000 $30,855,000 -23.9% 6.1%
The Huntington National Bank $30,000,000 $24,235,000 -19.2% 4.8%
Mercantile Bank of Michigan $5,085,000 $21,780,000 328.3% 4.3%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $19,255,000 n/a 3.8%
UNITED WHOLESALE MORTGAGE, LLC $19,515,000 $18,820,000 -3.6% 3.7%
LAKE MICHIGAN CREDIT UNION $20,855,000 $18,235,000 -12.6% 3.6%
Independent Bank $13,055,000 $15,150,000 16.0% 3.0%
1st State Financial, Ltd. $17,200,000 $11,380,000 -33.8% 2.3%
Mortgage Research Center, LLC $9,440,000 $10,750,000 13.9% 2.1%
ACADEMY MORTGAGE CORPORATION $14,875,000 $9,350,000 -37.1% 1.9%
Wildfire Credit Union $17,900,000 $8,825,000 -50.7% 1.8%
Isabella Bank $22,960,000 $8,620,000 -62.5% 1.7%
Preston Home Loans Inc $5,050,000 $6,970,000 38.0% 1.4%
JOLT CREDIT UNION $10,440,000 $6,950,000 -33.4% 1.4%
FIRST COMMUNITY MORTGAGE, INC. $145,000 $6,890,000 4,651.7% 1.4%
DOW CHEMICAL EMPLOYEES' $11,245,000 $6,825,000 -39.3% 1.4%
J. VIRGIL, INC. $10,300,000 $6,635,000 -35.6% 1.3%
MORTGAGE 1 INCORPORATED $5,800,000 $6,575,000 13.4% 1.3%
The State Bank $6,955,000 $6,230,000 -10.4% 1.2%
PNC Bank $8,025,000 $5,730,000 -28.6% 1.1%
UNITED FINANCIAL Credit Union $6,390,000 $5,685,000 -11.0% 1.1%
Citizens Bank $6,065,000 $5,520,000 -9.0% 1.1%
JPMorgan Chase Bank $6,100,000 $4,665,000 -23.5% 0.9%
FINANCIAL PLUS CREDIT UNION $4,440,000 $4,630,000 4.3% 0.9%
The Dart Bank $1,985,000 $4,230,000 113.1% 0.8%
PENNYMAC LOAN SERVICES, LLC $2,255,000 $4,160,000 84.5% 0.8%
TEAM ONE CREDIT UNION $8,210,000 $3,925,000 -52.2% 0.8%
Fifth Third Bank $8,065,000 $3,915,000 -51.5% 0.8%
National Exchange Bank and Trust $3,505,000 n/a 0.7%
Lake Huron Credit Union $4,315,000 $3,410,000 -21.0% 0.7%
HEALTH ADVANTAGE FEDERAL CREDIT UNION $7,350,000 $3,390,000 -53.9% 0.7%
MID AMERICA MORTGAGE, INC. $10,730,000 $2,980,000 -72.2% 0.6%
CARDINAL FINANCIAL $11,150,000 $2,785,000 -75.0% 0.6%
WaterStone Bank, SSB $2,620,000 n/a 0.5%
UNION HOME MORTGAGE CORP. $2,360,000 $2,580,000 9.3% 0.5%
GreenStone Farm Credit Services, FLCA $2,465,000 $2,575,000 4.5% 0.5%
Horizon Bank $5,935,000 $2,200,000 -62.9% 0.4%
STAUNTON FINANCIAL, INC. $2,380,000 $2,180,000 -8.4% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $4,075,000 $2,110,000 -48.2% 0.4%
LEGEND LENDING CORPORATION $4,580,000 $2,060,000 -55.0% 0.4%
Prosperity Home Mortgage, LLC $2,040,000 n/a 0.4%
NAVY FEDERAL CREDIT UNION $2,260,000 $2,030,000 -10.2% 0.4%
USAA Federal Savings Bank $1,745,000 $1,990,000 14.0% 0.4%
ELGA CREDIT UNION $1,935,000 $1,960,000 1.3% 0.4%
BLG HOLDINGS, INC. $565,000 $1,905,000 237.2% 0.4%
Flagstar Bank, FSB $3,605,000 $1,870,000 -48.1% 0.4%
Carrington Mortgage Services, LLC $1,395,000 $1,795,000 28.7% 0.4%
Family First Credit Union $1,790,000 n/a 0.4%
DAS Acquisition Company, LLC $445,000 $1,760,000 295.5% 0.4%
MICHIGAN MUTUAL, INC. $1,260,000 $1,755,000 39.3% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $1,355,000 $1,720,000 26.9% 0.3%
ENVOY MORTGAGE, LTD $5,050,000 $1,620,000 -67.9% 0.3%
BROKER SOLUTIONS, INC. $1,700,000 $1,610,000 -5.3% 0.3%
SUCCESS MORTGAGE PARTNERS, INC. $515,000 $1,575,000 205.8% 0.3%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $4,045,000 $1,515,000 -62.5% 0.3%
First Merchants Bank $1,450,000 $1,500,000 3.4% 0.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $845,000 $1,470,000 74.0% 0.3%
ROSS MORTGAGE CORPORATION $910,000 $1,330,000 46.2% 0.3%
CREDIT UNION ONE $2,000,000 $1,305,000 -34.8% 0.3%
Dort Financial Credit Union $1,130,000 $1,290,000 14.2% 0.3%
LOANDEPOT.COM, LLC $3,015,000 $1,240,000 -58.9% 0.2%
First State Bank $470,000 $1,230,000 161.7% 0.2%
Bank of America $3,580,000 $1,215,000 -66.1% 0.2%
ChoiceOne Bank $1,610,000 $1,100,000 -31.7% 0.2%
21ST MORTGAGE CORPORATION $640,000 $1,095,000 71.1% 0.2%
ROYAL UNITED MORTGAGE LLC $360,000 $1,015,000 181.9% 0.2%
MEMBER FIRST MORTGAGE, LLC $135,000 $985,000 629.6% 0.2%
TOWNE MORTGAGE COMPANY $935,000 $980,000 4.8% 0.2%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $945,000 $965,000 2.1% 0.2%
MORTGAGE CENTER L.C $1,070,000 $965,000 -9.8% 0.2%
FREEDOM MORTGAGE CORPORATION $2,515,000 $930,000 -63.0% 0.2%
NEWREZ LLC $1,620,000 $930,000 -42.6% 0.2%
Old National Bank $7,130,000 $870,000 -87.8% 0.2%
AMERISAVE MORTGAGE CORPORATION $1,865,000 $840,000 -55.0% 0.2%
Equity Prime Mortgage LLC $815,000 n/a 0.2%
Neighborhood Loans, Inc. $665,000 $780,000 17.3% 0.2%
NEW DAY FINANCIAL, LLC $1,285,000 $780,000 -39.3% 0.2%
Consumers Professional Credit Union $130,000 $765,000 488.5% 0.2%
CALIBER HOME LOANS, INC. $4,605,000 $740,000 -83.9% 0.1%
GENEVA FINANCIAL, LLC $1,450,000 $735,000 -49.3% 0.1%
Commercial Bank $55,000 $685,000 1,145.5% 0.1%
GENISYS $670,000 $680,000 1.5% 0.1%
U.S. Bank $1,050,000 $660,000 -37.1% 0.1%
MICHIGAN SCHOOLS AND GOVERNMENT $295,000 $630,000 113.6% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $640,000 $620,000 -3.1% 0.1%
Thumb Bank and Trust $850,000 $620,000 -27.1% 0.1%
Barrington Bank & Trust Company, N.A. $1,200,000 $605,000 -49.6% 0.1%
MEMBERS FIRST Credit Union $620,000 $605,000 -2.4% 0.1%
Century Mortgage Company DBA Century Lending Company $310,000 $530,000 71.0% 0.1%
CHURCHILL MORTGAGE CORPORATION $280,000 $530,000 89.3% 0.1%
SECURITY CREDIT UNION $1,430,000 $530,000 -62.9% 0.1%
United Bay Community Credit Union $665,000 $530,000 -20.3% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $500,000 n/a 0.1%
DFCU FINANCIAL $490,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $485,000 n/a 0.1%
LIMA ONE CAPITAL, LLC $105,000 $470,000 347.6% 0.1%
Northpointe Bank $110,000 $450,000 309.1% 0.1%
Discover Bank $580,000 $445,000 -23.3% 0.1%
LEADERONE FINANCIAL CORPORATION $435,000 n/a 0.1%
NATIONWIDE MORTGAGE BANKERS, INC. $420,000 n/a 0.1%
Great Lakes Federal Credit Union $415,000 n/a 0.1%
LAFCU $140,000 $415,000 196.4% 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $415,000 n/a 0.1%
NORTHERN MORTGAGE SERVICES, LLC $155,000 $405,000 161.3% 0.1%
NATIONS RELIABLE LENDING, LLC $400,000 n/a 0.1%
FinancialEdge Community Credit Union $285,000 $395,000 38.6% 0.1%
Plains Commerce Bank $390,000 n/a 0.1%
PLAZA HOME MORTGAGE, INC. $1,750,000 $360,000 -79.4% 0.1%
VAN DYK MORTGAGE CORPORATION $390,000 $360,000 -7.7% 0.1%
HOMESIDE FINANCIAL, LLC $270,000 $345,000 27.8% 0.1%
Paramount Residential Mortgage Group, Inc. $255,000 $345,000 35.3% 0.1%
RF Renovo Management Company, LLC $345,000 n/a 0.1%
GUARANTEED RATE, INC. $1,425,000 $335,000 -76.5% 0.1%
Comerica Bank $4,945,000 $330,000 -93.3% 0.1%
SUMMIT FUNDING, INC. $325,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $395,000 $320,000 -19.0% 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $315,000 n/a 0.1%
Sunflower Bank $135,000 $310,000 129.6% 0.1%
BNC National Bank $305,000 n/a 0.1%
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. $305,000 n/a 0.1%
SUN WEST MORTGAGE COMPANY, INC. $105,000 $295,000 181.0% 0.1%
RUOFF MORTGAGE COMPANY, INC. $330,000 $290,000 -12.1% 0.1%
AMWEST FUNDING CORP. $285,000 n/a 0.1%
Summit Mortgage Corporation $285,000 n/a 0.1%
LENDINGHOME FUNDING CORPORATION $915,000 $280,000 -69.4% 0.1%
LAKEVIEW LOAN SERVICING, LLC $975,000 $270,000 -72.3% 0.1%
VIBE CREDIT UNION $305,000 $265,000 -13.1% 0.1%
Coastal Community Bank $250,000 n/a 0.0%
Community Trust Bank, Inc. $245,000 n/a 0.0%
PHH Mortgage Corporation $105,000 $235,000 123.8% 0.0%
American Mortgage & Equity Consultants, Inc. $225,000 n/a 0.0%
Mid-Continent Funding, Inc. $225,000 n/a 0.0%
Magnolia Bank $105,000 $215,000 104.8% 0.0%
MOVEMENT MORTGAGE, LLC $370,000 $210,000 -43.2% 0.0%
SUNRISE FAMILY CREDIT UNION $175,000 $210,000 20.0% 0.0%
BETTER MORTGAGE CORPORATION $560,000 $195,000 -65.2% 0.0%
Tri-County Bank $1,095,000 $195,000 -82.2% 0.0%
American Airlines Federal Credit Union $185,000 n/a 0.0%
GUARANTEED RATE AFFINITY, LLC $185,000 n/a 0.0%
HOMESPIRE MORTGAGE CORPORATION $180,000 n/a 0.0%
FINANCE OF AMERICA MORTGAGE LLC $910,000 $175,000 -80.8% 0.0%
MICHIGAN ONE COMMUNITY Credit Union $175,000 n/a 0.0%
Victorian Finance, LLC $175,000 n/a 0.0%
PLANET HOME LENDING, LLC $45,000 $165,000 266.7% 0.0%
Platinum Home Mortgage Corporation $165,000 n/a 0.0%
Figure Lending LLC $255,000 $160,000 -37.3% 0.0%
M&T Bank $365,000 $155,000 -57.5% 0.0%
MYCUMORTGAGE, LLC $155,000 n/a 0.0%
NBKC BANK $195,000 $155,000 -20.5% 0.0%
VILLAGE CAPITAL MORTGAGE $225,000 $150,000 -33.3% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $145,000 n/a 0.0%
EVERETT FINANCIAL, INC. $430,000 $145,000 -66.3% 0.0%
STOCKTON MORTGAGE CORPORATION $230,000 $145,000 -37.0% 0.0%
AMCAP MORTGAGE, LTD. $135,000 n/a 0.0%
First Savings Bank $215,000 $135,000 -37.2% 0.0%
MMS MORTGAGE SERVICES, LTD. $85,000 $135,000 58.8% 0.0%
GERBER FEDERAL CREDIT UNION $125,000 n/a 0.0%
MICHIGAN FIRST CREDIT UNION $70,000 $125,000 78.6% 0.0%
RELIANCE FIRST CAPITAL, LLC $635,000 $125,000 -80.3% 0.0%
COMMUNITY CHOICE CREDIT UNION $25,000 $120,000 380.0% 0.0%
CONSUMERS $905,000 $120,000 -86.7% 0.0%
GSF Mortgage Corporation $115,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $110,000 n/a 0.0%
Northstar Bank $225,000 $110,000 -51.1% 0.0%
ALLIANT CREDIT UNION $105,000 n/a 0.0%
AXIA FINANCIAL, LLC $105,000 n/a 0.0%
CMG MORTGAGE, INC. $320,000 $105,000 -67.2% 0.0%
LONGBRIDGE FINANCIAL, LLC $55,000 $95,000 72.7% 0.0%
CITIZENS EQUITY FIRST $85,000 n/a 0.0%
CIVIC FINANCIAL SERVICES, LLC $85,000 n/a 0.0%
GVC MORTGAGE, INC. $85,000 n/a 0.0%
HOMESTAR FINANCIAL CORPORATION $85,000 n/a 0.0%
Honor Credit Union $85,000 n/a 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $610,000 $85,000 -86.1% 0.0%
Servion, Inc. $240,000 $85,000 -64.6% 0.0%
Nations Lending Corporation $75,000 n/a 0.0%
NexBank $75,000 n/a 0.0%
PFCU $45,000 $75,000 66.7% 0.0%
CONTOUR MORTGAGE CORPORATION $65,000 n/a 0.0%
NEW ENGLAND FEDERAL CREDIT UNION $265,000 $65,000 -75.5% 0.0%
Citibank $305,000 $55,000 -82.0% 0.0%
PENTAGON FEDERAL CREDIT UNION $55,000 n/a 0.0%
SPRING EQ, LLC $175,000 $55,000 -68.6% 0.0%
TRIAD FINANCIAL SERVICES, INC. $45,000 n/a 0.0%
UNIVERSITY OF MICHIGAN CREDIT UNION $700,000 $45,000 -93.6% 0.0%
COPOCO Community Credit Union $355,000 $35,000 -90.1% 0.0%
Financial Partners Credit Union $35,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $810,000 $25,000 -96.9% 0.0%
CASE $25,000 n/a 0.0%
GREENSTATE CREDIT UNION $25,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $25,000 n/a 0.0%
Meijer Credit Union $15,000 $15,000 0.0% 0.0%

SAGINAW's top lender by overall market share is Wells Fargo Bank, with 11.8% market share. In second place, with 8.3%, is Frankenmuth Credit Union, having originated $41,740,000 in loans. In third place, with 6.1%, is QUICKEN LOANS, LLC, having originated $30,855,000 in loans. In fourth place, with 4.8%, is The Huntington National Bank, having originated $24,235,000 in loans. In fifth place, with 4.3%, is Mercantile Bank of Michigan, having originated $21,780,000 in loans.

SAGINAW, MI Average Rent (2023)

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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 MSA $670 $760 $1,000 $1,270 $1,340
48417 Saginaw, MI MSA $740 $840 $1,100 $1,400 $1,480
48420 Saginaw, MI MSA $570 $660 $830 $1,030 $1,120
48457 Saginaw, MI MSA $630 $720 $920 $1,150 $1,240
48460 Saginaw, MI MSA $610 $640 $850 $1,120 $1,180
48601 Saginaw, MI MSA $600 $680 $890 $1,130 $1,200
48602 Saginaw, MI MSA $590 $670 $880 $1,120 $1,180
48603 Saginaw, MI MSA $680 $770 $1,020 $1,300 $1,370
48604 Saginaw, MI MSA $670 $760 $1,000 $1,270 $1,340
48605 Saginaw, MI MSA $620 $710 $930 $1,180 $1,250
48606 Saginaw, MI MSA $620 $710 $930 $1,180 $1,250
48607 Saginaw, MI MSA $640 $720 $950 $1,210 $1,280
48608 Saginaw, MI MSA $620 $710 $930 $1,180 $1,250
48609 Saginaw, MI MSA $580 $660 $870 $1,110 $1,170
48614 Saginaw, MI MSA $640 $730 $960 $1,220 $1,290
48616 Saginaw, MI MSA $550 $630 $830 $1,050 $1,110
48623 Saginaw, MI MSA $740 $830 $1,100 $1,400 $1,480
48626 Saginaw, MI MSA $570 $640 $840 $1,090 $1,210
48637 Saginaw, MI MSA $630 $710 $940 $1,200 $1,270
48638 Saginaw, MI MSA $620 $700 $920 $1,170 $1,240
48649 Saginaw, MI MSA $670 $760 $1,000 $1,280 $1,340
48655 Saginaw, MI MSA $580 $660 $870 $1,110 $1,170
48708 Saginaw, MI MSA $600 $660 $840 $1,100 $1,220
48722 Saginaw, MI MSA $580 $650 $860 $1,100 $1,160
48724 Saginaw, MI MSA $650 $740 $970 $1,230 $1,300
48734 Saginaw, MI MSA $550 $630 $830 $1,050 $1,110
48747 Saginaw, MI MSA $590 $670 $860 $1,120 $1,220
48757 Saginaw, MI MSA $560 $630 $830 $1,050 $1,120
48768 Saginaw, MI MSA $620 $710 $930 $1,180 $1,250
48807 Saginaw, MI MSA $660 $700 $860 $1,100 $1,160
48831 Saginaw, MI MSA $690 $720 $900 $1,170 $1,220
48841 Saginaw, MI MSA $660 $710 $910 $1,190 $1,240
48867 Saginaw, MI MSA $620 $630 $830 $1,120 $1,170

2022 Average & Median Rent Data Statistics
SAGINAW, MI average 1BR rent: $701, median: $710
SAGINAW, MI average 2BR rent: $915, median: $910
SAGINAW, MI average 3BR rent: $1,169, median: $1,170

SAGINAW, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,738 $316,640,000 $182,186
Cash Out Refi 406 $63,600,000 $156,650
Home Improvement 294 $20,720,000 $70,476
Other 268 $17,910,000 $66,828
Refi 198 $83,230,000 $420,354

Saginaw's most frequently cited loan purpose was Home Purchase, with 1,738 originations. The 2nd most popular reason was Cash Out Refi, with 406 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,154 $185,130,000 $160,425
7-8% 806 $117,670,000 $145,993
Over 8% 530 $60,260,000 $113,698
5-6% 292 $105,060,000 $359,795
4-5% 38 $5,760,000 $151,579
<2.5% 37 $815,000 $22,027
3-4% 3 $145,000 $48,333
2.5-3% 1 $115,000 $115,000

During 2023, Saginaw's most frequently originated rate bucket was 6-7%, with 1,154 originations.

Loan Sizing (SAGINAW, MI MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 1,275 $70,945,000 $55,643
$100k-200k 1,055 $150,685,000 $142,829
$200k-400k 490 $132,700,000 $270,816
$400k-600k 61 $28,855,000 $473,033
$600k-1000k 12 $8,900,000 $741,667
$Over $1MM 11 $110,015,000 $10,001,364

SAGINAW's loan sizing saw the bucket of loans from $100,000 or less with 1,275 originations, totaling $70,945,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,316 $230,200,000 $174,924
60-80% 595 $112,045,000 $188,311
20-40% 376 $27,440,000 $72,979
40-60% 280 $90,290,000 $322,464
Under 20% 262 $8,970,000 $34,237
Over 100% 20 $4,340,000 $217,000

SAGINAW's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,316 originations, totaling $230,200,000 in origination value.