Michigan · Q1 2026
What Michigan borrowers paid in mortgage closing costs in 2025, drawn from FFIEC HMDA filings across 599 lenders.
Published 2026-04-29.
Michigan · headline
The gap between Michigan's lowest- and highest-cost ranked lenders in 2025 was $4,318 on a typical loan — borrowers using CrossCountry Mortgage paid roughly 278% more than borrowers using Michigan Schools And Government on similar loans.
Source: FFIEC HMDA 2025 (n=154,369)
In 2025, 599 mortgage lenders originated 154,369 reportable loans in Michigan according to FFIEC HMDA data. The median borrower paid $4,407 in total loan costs. That is 3.9% above the national median across all 50 states and DC.
Michigan's median total loan cost was $4,407, 3.9% above the national median of $4,242. On a typical loan, that translates to roughly $165 more than borrowers paid in the average state.
Michigan Schools And Government posted the lowest median total loan costs at $1,555, 64.7% below the Michigan median. Across the ranked lenders, 11 earned an A grade against peer averages and 3 fell to D or F.
Lower bars = lower median total loan costs. Hover (or tap) bars for sample size and grade. Bar color groups lenders into cost quartiles.
Lenders below 30 records in Michigan are excluded from this ranking. See full methodology.
Same 10 lenders as the chart above, ranked here by 2025 HMDA loan count.
| # | Lender | Median total cost | Median origination | Reports | Grade |
|---|---|---|---|---|---|
| 1 | Rocket Mortgage | $4,419 | $2,706 | 22,670 | A |
| 2 | United Wholesale Mortgage | $5,647 | $2,532 | 19,262 | D |
| 3 | Lake Michigan Credit Union | $3,520 | $1,030 | 8,460 | A |
| 4 | The Huntington National Bank | $3,693 | $1,395 | 3,854 | A |
| 5 | Union Home Mortgage Corp. | $5,691 | $2,646 | 3,450 | D |
| 6 | Mortgage 1 Incorporated | $4,744 | $2,417 | 2,687 | B |
| 7 | JPMorgan Chase Bank, N.A. | $3,240 | $1,808 | 2,582 | A |
| 8 | Mortgage Research Center, LLC | $3,999 | $2,558 | 2,334 | A |
| 9 | Staunton Financial, Inc. | $4,387 | $1,728 | 2,278 | A |
| 10 | Flagstar Bank, N.A. | $3,824 | $1,557 | 2,265 | A |
Michigan median total loan cost
Michigan borrowers paid a median $4,407 in total loan costs in 2025, based on 154,369 HMDA-reported loans across 599 lenders.
FFIEC HMDA 2025
Lender spread in Michigan
In Michigan, the gap between Michigan Schools And Government ($1,555 median) and CrossCountry Mortgage ($5,873 median) was $4,318 on a typical 2025 loan.
FFIEC HMDA 2025
Michigan vs. national
Michigan closing costs ran 3.9% above the national median ($4,242) in 2025.
FFIEC HMDA 2025
The median origination charge in Michigan was $1,720, with the typical lender clustering tightly around that figure. Discount points appeared on 49% of loans, with a median paid amount of $1,500 when present — meaningful enough that shoppers should ask whether quoted points actually buy down their rate cost-effectively. Lender credits offsetting closing costs were issued on 32% of loans, with a median credit of $358.
Avg $2,885
Median $1,500 when present
Median $358 when issued
HMDA itemizes origination, discount points, and lender credits. Title insurance, recording fees, and transfer tax (relevant in Michigan) are not separately reported in HMDA — see our state benchmark page for those. See full methodology.
Related pages for Michigan
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