MICHIGAN MUTUAL, INC. closing costs and rates (2024)
In 2024, MICHIGAN MUTUAL, INC. originated 2,555 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $7,430. That ranks #175 nationally by origination volume. For total closing costs among lenders with 500+ originations, MICHIGAN MUTUAL, INC. ranks #398. That is $689 above the national median of $6,741. MICHIGAN MUTUAL, INC. is most active in Michigan with 719 originations there.
Purchase Originations
2,555
Ranked #175 nationally
Median Total Costs
$7,430
+10.2% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$2,777
Median Lender Credits
$394
Cost Rank (500+ vol.)
#398
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,450 | 6.875% | $5,840 | $2,995 |
| fha | 825 | 6.625% | $10,801 | $3,157 |
| va | 244 | 6.500% | $5,932 | $0 |
| usda | 36 | 6.438% | $7,028 | $3,175 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 719 | 6.875% | $5,242 | #25 |
| Florida | 291 | 6.750% | $10,482 | #134 |
| California | 188 | 6.500% | $10,918 | #151 |
| Pennsylvania | 181 | 6.750% | $6,756 | #111 |
| North Carolina | 172 | 6.375% | $6,064 | #115 |
| Indiana | 129 | 6.750% | $7,754 | #107 |
| Arizona | 95 | 6.990% | $9,050 | #102 |
| Ohio | 92 | 6.990% | $6,662 | #139 |
| Texas | 73 | 6.750% | $10,994 | #313 |
| Illinois | 57 | 6.750% | $10,311 | #186 |
| New Mexico | 52 | 6.812% | $8,118 | #57 |
| Colorado | 47 | 6.375% | $9,090 | — |
| Maryland | 46 | 6.750% | $11,408 | — |
| Tennessee | 41 | 6.625% | $8,916 | — |
| Iowa | 38 | 6.250% | $3,969 | — |
| Delaware | 31 | 6.500% | $10,052 | — |
| New Jersey | 31 | 6.625% | $8,464 | — |
| West Virginia | 28 | 6.125% | $8,268 | — |
| Alabama | 26 | 6.562% | $9,433 | — |
| Kentucky | 24 | 6.875% | $7,921 | — |
| Louisiana | 24 | 6.688% | $6,841 | — |
| Georgia | 23 | 6.500% | $11,945 | — |
| Wisconsin | 20 | 6.870% | $6,243 | — |
| South Carolina | 17 | 6.500% | $9,785 | — |
| Nevada | 14 | 6.750% | $14,369 | — |
| Oklahoma | 14 | 6.625% | $6,069 | — |
| Oregon | 13 | 6.750% | $7,423 | — |
| Virginia | 12 | 6.562% | $8,520 | — |
| Washington | 11 | 6.875% | $11,390 | — |
| Utah | 9 | 5.875% | $17,267 | — |
| Minnesota | 8 | 7.250% | $6,768 | — |
| Missouri | 8 | 6.688% | $6,500 | — |
| Mississippi | 8 | 6.188% | $11,640 | — |
| District of Columbia | 6 | 6.812% | $16,511 | — |
| Arkansas | 4 | 6.000% | $2,556 | — |
| Idaho | 2 | 6.062% | $12,573 | — |
| Maine | 1 | 5.990% | $7,329 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,608 | 6.375% | — | 27 | −$3,822 | |
| 2 | $4,557 | 6.688% | — | 28 | −$2,873 | |
| 3 | $4,642 | 6.875% | — | 176 | −$2,788 | |
| 4 | $5,158 | 6.500% | — | 51 | −$2,272 | |
| 5 | $5,752 | 6.750% | — | 106 | −$1,678 | |
| 6 | $5,783 | 6.875% | — | 86 | −$1,647 | |
| 7 | $5,888 | 6.625% | — | 26 | −$1,542 | |
| 8 | $6,060 | 6.990% | — | 119 | −$1,370 | |
| 9 | $6,504 | 6.750% | — | 23 | −$926 | |
| 10 | $6,674 | 6.750% | — | 27 | −$756 | |
| 11 | $7,299 | 6.250% | — | 24 | −$131 | |
| 12 | $8,807 | 6.750% | — | 25 | +$1,377 | |
| 13 | $9,841 | 6.990% | — | 68 | +$2,411 | |
| 14 | $10,138 | 6.312% | — | 26 | +$2,708 | |
| 15 | $11,042 | 6.250% | — | 83 | +$3,612 | |
| 16 | $11,475 | 7.125% | — | 26 | +$4,045 | |
| 17 | $11,669 | 6.875% | — | 31 | +$4,239 | |
| 18 | $11,679 | 6.625% | — | 27 | +$4,249 | |
| 19 | $12,741 | 6.625% | — | 21 | +$5,311 | |
| 20 | $17,508 | 6.625% | — | 21 | +$10,078 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, 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.