Purchase Originations
6,874
Ranked #62 nationally
Median Total Costs
$3,877
−42.0% vs national ($6,680)
↑ $178 vs prior year
Median Rate
6.365%
−1.9% vs national (6.490%)
↓ 0.135% vs prior year
Median Origination
$1,040
Median Lender Credits
$264
Cost Rank (500+ vol.)
#98
among lenders with 500+ originations
Denial Rate
2.7%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 6,507 | 6.365% | $3,806 | $1,036 |
| fha | 258 | 6.312% | $8,465 | $1,287 |
| va | 100 | 6.062% | $4,473 | $975 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,401 | 6.250% | — | 59 | −$476 | |
| 2 | $3,464 | 6.365% | — | 75 | −$413 | |
| 3 | $3,492 | 6.375% | — | 404 | −$385 | |
| 4 | $3,497 | 6.375% | — | 313 | −$380 | |
| 5 | $3,510 | 6.375% | — | 145 | −$367 | |
| 6 | $3,524 | 6.375% | — | 103 | −$353 | |
| 7 | $3,527 | 6.375% | — | 83 | −$350 | |
| 8 | $3,579 | 6.375% | — | 811 | −$298 | |
| 9 | $3,601 | 6.375% | — | 55 | −$276 | |
| 10 | $3,622 | 6.375% | — | 195 | −$255 | |
| 11 | $3,633 | 6.375% | — | 1,758 | −$244 | |
| 12 | $3,747 | 6.375% | — | 78 | −$130 | |
| 13 | $3,937 | 6.500% | — | 58 | +$60 | |
| 14 | $3,976 | 6.375% | — | 158 | +$99 | |
| 15 | $4,065 | 6.375% | — | 284 | +$188 | |
| 16 | $4,170 | 6.250% | — | 231 | +$293 | |
| 17 | $4,374 | 6.240% | — | 571 | +$497 | |
| 18 | $4,646 | 6.365% | — | 158 | +$769 | |
| 19 | $6,205 | 6.365% | — | 199 | +$2,328 | |
| 20 | $7,506 | 6.115% | — | 117 | +$3,629 |
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 | Lake Michigan Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $315,000 | $335,000 | −$20,000 (−6.0%) |
| Median total closing costs | $3,877 | $7,127 | −$3,250 (−45.6%) |
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.