Purchase Originations
385
Median Total Costs
$3,314
−50.4% vs national ($6,680)
↑ $587 vs prior year
Median Rate
6.750%
+4.0% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$920
Median Lender Credits
$12
Denial Rate
1.2%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 370 | 6.750% | $3,265 | $920 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 385 | 6.750% | $3,314 | #53 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,789 | 6.500% | — | 5 | −$525 | |
| 2 | $2,980 | 6.375% | — | 4 | −$334 | |
| 3 | $3,045 | 6.750% | — | 35 | −$269 | |
| 4 | $3,180 | 6.625% | — | 3 | −$134 | |
| 5 | $3,194 | 6.500% | — | 3 | −$120 | |
| 6 | $3,215 | 6.750% | — | 25 | −$99 | |
| 7 | $3,215 | 6.875% | — | 3 | −$99 | |
| 8 | $3,270 | 6.625% | — | 87 | −$44 | |
| 9 | $3,312 | 7.062% | — | 2 | −$2 | |
| 10 | $3,326 | 6.750% | — | 133 | +$12 | |
| 11 | $3,334 | 6.875% | — | 5 | +$20 | |
| 12 | $3,377 | 6.750% | — | 38 | +$63 | |
| 13 | $3,434 | 6.875% | — | 1 | +$120 | |
| 14 | $3,504 | 7.438% | — | 2 | +$190 | |
| 15 | $3,707 | 7.000% | — | 17 | +$393 | |
| 16 | $3,923 | 6.750% | — | 5 | +$609 | |
| 17 | $4,098 | 7.188% | — | 2 | +$784 | |
| 18 | $4,991 | 6.875% | — | 3 | +$1,677 | |
| 19 | $5,902 | 7.250% | — | 3 | +$2,588 | |
| 20 | $10,525 | 6.250% | — | 2 | +$7,211 |
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 | Frankenmuth Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $195,000 | $335,000 | −$140,000 (−41.8%) |
| Median total closing costs | $3,314 | $7,127 | −$3,813 (−53.5%) |
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.