Homebuyers in Charlevoix County County who chose Mercantile Bank paid $1,142 less in closing costs than the county median.
County Median Costs
$4,727
+4.7% vs Michigan ($4,514)
Median Rate
6.620%
+2.0% vs national (6.490%)
Median Origination
$1,508
Purchase Originations
146
Denial Rate
19.5%
vs Michigan avg (12.0%)
vs Michigan Median
4.7% above
$213
vs National Median
29.2% below
$-1,953
4 lenders with 10+ originations, ranked by median total loan costs.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,585 | 6.750% | $1,095 | 24 | −$796 | |
| 2 | $3,983 | 6.750% | $1,395 | 11 | −$398 | |
| 3 | $4,720 | 6.962% | $1,927 | 16 | +$339 | |
| 4 | $5,115 | 6.490% | $1,480 | 11 | +$734 |
Includes lenders with 10+ purchase originations in Charlevoix County County. Source: HMDA 2025. 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 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.