What are the average closing costs in Bay County County?

In Bay County County, the median total loan costs on purchase mortgages were $3,855 in 2024, based on 848 originations.

Which lender has the lowest closing costs in Bay County County?

Among lenders with 10+ originations in Bay County County, FinancialEdge Credit Union had the lowest median total closing costs at $2,473 in 2024.

How do closing costs in Bay County County compare to Michigan?

Bay County County closing costs (median $3,855) are 13.1% below the Michigan state median of $4,438.

Lowest closing cost mortgage lenders in Bay County County, Michigan

In Bay County, Michigan, homebuyers paid a median of $3,855 in closing costs in 2024 — below the Michigan median of $4,438. The county saw 848 purchase mortgages at a median rate of 6.62%. Among lenders with 10+ originations, FinancialEdge Credit Union offered the lowest median costs at $2,473, which is $1,014 less than the county median.

Homebuyers in Bay County County who chose FinancialEdge Credit Union paid $1,382 less in closing costs than the county median.

County Median Costs

$3,855

−13.1% vs Michigan ($4,438)

Median Rate

6.620%

+0.0% vs national (6.620%)

Median Origination

$1,623

Purchase Originations

848

vs Michigan Median

13.1% below

$-583

vs National Median

42.8% below

$-2,886

Lender rankings in Bay County County

18 lenders with 10+ originations, ranked by median total loan costs.

Rank	Lender	Median Total Costs ↑	Median Rate ↕	Median Origination ↕	Volume ↕	vs. Median
1	FinancialEdge Credit Union	$2,473	6.875%	$795	14	−$1,014
2	DOW CREDIT UNION	$2,476	6.875%	$175	25	−$1,012
3	Frankenmuth Credit Union	$2,693	6.875%	$905	38	−$794
4	SUNRISE FAMILY CREDIT UNION	$2,875	6.750%	$350	11	−$612
5	FINANCIAL PLUS CREDIT UNION	$3,006	6.562%	$1,045	14	−$481
6	Independent Bank	$3,267	6.750%	$1,353	31	−$220
7	The Dart Bank	$3,324	7.000%	$1,197	13	−$163
8	The Huntington National Bank	$3,331	6.875%	$1,379	25	−$156
9	LAKE MICHIGAN CREDIT UNION	$3,386	6.375%	$1,065	12	−$101
10	FIRST COMMUNITY MORTGAGE, INC.	$3,505	6.625%	$1,704	26	+$18
11	Mercantile Bank	$3,510	6.688%	$1,625	12	+$23
12	DAS ACQUISITION COMPANY, LLC	$3,735	6.625%	$1,804	39	+$248
13	ROCKET MORTGAGE, LLC	$3,772	6.500%	$2,001	37	+$285
14	JOLT CREDIT UNION	$3,978	6.490%	$1,762	25	+$491
15	STAUNTON FINANCIAL, INC.	$4,007	6.625%	$2,170	86	+$520
16	UNITED WHOLESALE MORTGAGE, LLC	$4,041	6.999%	$1,813	46	+$554

Includes lenders with 10+ purchase originations in Bay County County. Source: HMDA 2024. Sorted by median total loan costs.

View detailed closing cost breakdowns and user reviews for lenders in Michigan → Lender Directory

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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.