Purchase Originations
604
Ranked #564 nationally
Median Total Costs
$4,156
−37.8% vs national ($6,680)
↑ $402 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$1,195
Median Lender Credits
$727
Cost Rank (500+ vol.)
#123
among lenders with 500+ originations
Denial Rate
13.4%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 510 | 6.625% | $3,980 | $1,195 |
| fha | 83 | 6.625% | $7,439 | $1,618 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,453 | 6.750% | — | 3 | −$703 | |
| 2 | $3,838 | 6.625% | — | 13 | −$318 | |
| 3 | $3,875 | 8.812% | — | 4 | −$281 | |
| 4 | $3,954 | 6.375% | — | 12 | −$202 | |
| 5 | $3,971 | 6.625% | — | 114 | −$185 | |
| 6 | $4,076 | 6.750% | — | 4 | −$80 | |
| 7 | $4,082 | 6.125% | — | 4 | −$74 | |
| 8 | $4,088 | 6.750% | — | 10 | −$68 | |
| 9 | $4,123 | 6.375% | — | 51 | −$33 | |
| 10 | $4,160 | 6.625% | — | 213 | +$4 | |
| 11 | $4,257 | 6.500% | — | 10 | +$101 | |
| 12 | $4,287 | 6.312% | — | 22 | +$131 | |
| 13 | $4,379 | 6.125% | — | 4 | +$223 | |
| 14 | $4,390 | 6.500% | — | 7 | +$234 | |
| 15 | $4,395 | 6.500% | — | 4 | +$239 | |
| 16 | $4,510 | 6.625% | — | 5 | +$354 | |
| 17 | $4,546 | 6.625% | — | 67 | +$390 | |
| 18 | $5,023 | 6.625% | — | 10 | +$867 | |
| 19 | $5,604 | 6.750% | — | 8 | +$1,448 | |
| 20 | $7,477 | 11.250% | — | 2 | +$3,321 |
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 | Michigan First Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $215,000 | $335,000 | −$120,000 (−35.8%) |
| Median total closing costs | $4,156 | $7,127 | −$2,971 (−41.7%) |
Other high-volume lenders side-by-side.
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
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.