Purchase Originations
116
Median Total Costs
$2,556
−61.7% vs national ($6,680)
Median Rate
6.625%
+2.1% vs national (6.490%)
Median Origination
$550
Median Lender Credits
$125
Denial Rate
16.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 116 | 6.625% | $2,556 | $550 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 116 | 6.625% | $2,556 | #104 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,162 | 6.812% | — | 2 | −$394 | |
| 2 | $2,388 | 6.750% | — | 13 | −$168 | |
| 3 | $2,434 | 6.875% | — | 10 | −$122 | |
| 4 | $2,473 | 6.438% | — | 12 | −$83 | |
| 5 | $2,536 | 6.625% | — | 23 | −$20 | |
| 6 | $2,589 | 6.562% | — | 2 | +$33 | |
| 7 | $2,603 | 6.750% | — | 13 | +$47 | |
| 8 | $2,610 | 6.750% | — | 29 | +$54 | |
| 9 | $2,669 | 6.625% | — | 1 | +$113 | |
| 10 | $2,706 | 6.875% | — | 3 | +$150 | |
| 11 | $2,764 | 7.688% | — | 2 | +$208 | |
| 12 | $2,832 | 6.750% | — | 1 | +$276 | |
| 13 | $2,929 | 6.500% | — | 2 | +$373 | |
| 14 | $2,988 | 6.500% | — | 1 | +$432 | |
| 15 | $3,054 | 6.875% | — | 2 | +$498 |
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 | MEMBERS FIRST Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $145,000 | $335,000 | −$190,000 (−56.7%) |
| Median total closing costs | $2,556 | $7,127 | −$4,571 (−64.1%) |
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.