Purchase Originations
286
Median Total Costs
$3,771
−43.5% vs national ($6,680)
↑ $129 vs prior year
Median Rate
6.562%
+1.1% vs national (6.490%)
↓ 0.063% vs prior year
Median Origination
$1,280
Median Lender Credits
$200
Denial Rate
2.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 272 | 6.625% | $3,738 | $1,280 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 286 | 6.562% | $3,771 | #65 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,928 | 6.688% | — | 2 | −$843 | |
| 2 | $3,368 | 7.250% | — | 1 | −$403 | |
| 3 | $3,432 | 6.562% | — | 8 | −$339 | |
| 4 | $3,456 | 6.500% | — | 1 | −$315 | |
| 5 | $3,508 | 6.625% | — | 1 | −$263 | |
| 6 | $3,516 | 6.500% | — | 7 | −$255 | |
| 7 | $3,552 | 6.625% | — | 17 | −$219 | |
| 8 | $3,552 | 6.625% | — | 15 | −$219 | |
| 9 | $3,627 | 7.000% | — | 3 | −$144 | |
| 10 | $3,662 | 6.750% | — | 7 | −$109 | |
| 11 | $3,683 | 6.500% | — | 3 | −$88 | |
| 12 | $3,701 | 6.312% | — | 14 | −$70 | |
| 13 | $3,741 | 6.500% | — | 20 | −$30 | |
| 14 | $3,872 | 6.938% | — | 2 | +$101 | |
| 15 | $3,948 | 6.500% | — | 142 | +$177 | |
| 16 | $3,953 | 6.625% | — | 30 | +$182 | |
| 17 | $4,448 | 6.375% | — | 2 | +$677 | |
| 18 | $4,821 | 5.375% | — | 1 | +$1,050 | |
| 19 | $4,955 | 7.000% | — | 2 | +$1,184 | |
| 20 | $8,502 | 6.438% | — | 2 | +$4,731 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Arbor Financial Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $235,000 | $335,000 | −$100,000 (−29.9%) |
| Median total closing costs | $3,771 | $7,127 | −$3,356 (−47.1%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.