What are the average closing costs in Grand Traverse County County?

In Grand Traverse County County, the median total loan costs on purchase mortgages were $4,609 in 2024, based on 751 originations.

Which lender has the lowest closing costs in Grand Traverse County County?

Among lenders with 10+ originations in Grand Traverse County County, LAKE MICHIGAN CREDIT UNION had the lowest median total closing costs at $3,538 in 2024.

How do closing costs in Grand Traverse County County compare to Michigan?

Grand Traverse County County closing costs (median $4,609) are 3.9% above the Michigan state median of $4,438.

Lowest closing cost mortgage lenders in Grand Traverse County County, Michigan

In Grand Traverse County, Michigan, homebuyers paid a median of $4,609 in closing costs in 2024 — above the Michigan median of $4,438. The county saw 751 purchase mortgages at a median rate of 6.75%. Among lenders with 10+ originations, LAKE MICHIGAN CREDIT UNION offered the lowest median costs at $3,538, which is $817 less than the county median.

Homebuyers in Grand Traverse County County who chose LAKE MICHIGAN CREDIT UNION paid $1,071 less in closing costs than the county median.

County Median Costs

$4,609

+3.9% vs Michigan ($4,438)

Median Rate

6.750%

+2.0% vs national (6.620%)

Median Origination

$1,690

Purchase Originations

751

vs Michigan Median

3.9% above

$171

vs National Median

31.6% below

$-2,132

Lender rankings in Grand Traverse County County

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

Rank	Lender	Median Total Costs ↑	Median Rate ↕	Median Origination ↕	Volume ↕	vs. Median
1	LAKE MICHIGAN CREDIT UNION	$3,538	6.500%	$892	108	−$817
2	4FRONT CREDIT UNION	$3,580	7.125%	$1,292	11	−$775
3	Fifth Third Bank, National Association	$3,626	6.625%	$1,295	33	−$729
4	The Huntington National Bank	$3,654	6.500%	$982	32	−$701
5	CREDIT UNION ONE	$3,814	6.250%	$1,295	13	−$542
6	Mercantile Bank	$4,009	6.750%	$1,190	14	−$346
7	Independent Bank	$4,134	6.875%	$1,353	35	−$221
8	MICHIGAN STATE UNIVERSITY Federal Credit Union	$4,248	6.375%	$1,557	10	−$107
9	JPMorgan Chase Bank, National Association	$4,355	6.490%	$1,767	17	+$0
10	NEWREZ LLC	$4,434	6.625%	$2,308	17	+$79
11	UNITED WHOLESALE MORTGAGE, LLC	$5,052	6.999%	$2,681	139	+$697
12	Neighborhood Loans, Inc.	$6,026	6.990%	$3,408	13	+$1,671
13	ROCKET MORTGAGE, LLC	$6,066	6.625%	$4,526	28	+$1,711
14	CALCON MUTUAL MORTGAGE LLC	$6,490	7.124%	$3,724	23	+$2,135

Includes lenders with 10+ purchase originations in Grand Traverse 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.