MICHIGAN SCHOOLS AND GOVERNMENT closing costs and rates (2024)
In 2024, MICHIGAN SCHOOLS AND GOVERNMENT originated 745 purchase mortgages at a median interest rate of 5.75% and median total closing costs of $2,718. That ranks #482 nationally by origination volume. For total closing costs among lenders with 500+ originations, MICHIGAN SCHOOLS AND GOVERNMENT ranks #34. That is $4,023 below the national median of $6,741. MICHIGAN SCHOOLS AND GOVERNMENT is most active in Michigan with 737 originations there.
Purchase Originations
745
Ranked #482 nationally
Median Total Costs
$2,718
−59.7% vs national ($6,741)
Median Rate
5.750%
−13.1% vs national (6.620%)
Median Origination
$471
Median Lender Credits
$20
Cost Rank (500+ vol.)
#34
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 729 | 5.750% | $2,697 | $467 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,247 | 5.750% | — | 3 | −$471 | |
| 2 | $2,324 | 5.812% | — | 4 | −$394 | |
| 3 | $2,429 | 5.625% | — | 7 | −$289 | |
| 4 | $2,480 | 5.875% | — | 3 | −$238 | |
| 5 | $2,540 | 5.875% | — | 294 | −$178 | |
| 6 | $2,562 | 5.875% | — | 10 | −$156 | |
| 7 | $2,639 | 5.375% | — | 2 | −$79 | |
| 8 | $2,676 | 5.750% | — | 36 | −$42 | |
| 9 | $2,690 | 5.875% | — | 8 | −$28 | |
| 10 | $2,842 | 5.500% | — | 81 | +$124 | |
| 11 | $2,846 | 5.875% | — | 19 | +$128 | |
| 12 | $2,849 | 5.625% | — | 240 | +$131 | |
| 13 | $2,863 | 5.625% | — | 6 | +$145 | |
| 14 | $3,301 | 5.125% | — | 5 | +$583 | |
| 15 | $3,689 | 5.500% | — | 2 | +$971 | |
| 16 | $3,838 | 5.250% | — | 1 | +$1,120 | |
| 17 | $4,295 | 5.875% | — | 2 | +$1,577 | |
| 18 | $4,336 | 6.000% | — | 2 | +$1,618 | |
| 19 | $4,718 | 5.875% | — | 1 | +$2,000 | |
| 20 | $7,523 | 5.625% | — | 1 | +$4,805 |
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.