Purchase Originations
662
Ranked #524 nationally
Median Total Costs
$2,863
−57.1% vs national ($6,680)
↑ $145 vs prior year
Median Rate
5.875%
−9.5% vs national (6.490%)
↑ 0.125% vs prior year
Median Origination
$741
Median Lender Credits
$30
Cost Rank (500+ vol.)
#41
among lenders with 500+ originations
Denial Rate
3.5%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 639 | 5.875% | $2,830 | $742 |
| fha | 23 | 6.125% | $7,689 | $99 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,019 | 6.438% | — | 4 | −$844 | |
| 2 | $2,210 | 7.000% | — | 1 | −$653 | |
| 3 | $2,455 | 6.625% | — | 1 | −$408 | |
| 4 | $2,693 | 6.000% | — | 35 | −$170 | |
| 5 | $2,712 | 5.875% | — | 9 | −$151 | |
| 6 | $2,748 | 5.625% | — | 5 | −$115 | |
| 7 | $2,773 | 6.000% | — | 244 | −$90 | |
| 8 | $2,830 | 5.875% | — | 3 | −$33 | |
| 9 | $2,842 | 5.875% | — | 11 | −$21 | |
| 10 | $2,868 | 5.875% | — | 74 | +$5 | |
| 11 | $2,884 | 5.625% | — | 1 | +$21 | |
| 12 | $2,888 | 5.375% | — | 1 | +$25 | |
| 13 | $2,944 | 5.250% | — | 1 | +$81 | |
| 14 | $2,994 | 5.875% | — | 236 | +$131 | |
| 15 | $3,027 | 5.625% | — | 9 | +$164 | |
| 16 | $3,123 | 5.688% | — | 6 | +$260 | |
| 17 | $3,329 | 5.375% | — | 3 | +$466 | |
| 18 | $3,549 | 5.938% | — | 2 | +$686 | |
| 19 | $3,580 | 6.625% | — | 1 | +$717 | |
| 20 | $7,817 | 5.875% | — | 1 | +$4,954 |
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 Schools And Government | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $285,000 | $335,000 | −$50,000 (−14.9%) |
| Median total closing costs | $2,863 | $7,127 | −$4,264 (−59.8%) |
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.