Lowest closing cost mortgage lenders in Monroe County County, Michigan
In Monroe County, Michigan, homebuyers paid a median of $5,121 in closing costs in 2024 — above the Michigan median of $4,438. The county saw 1,455 purchase mortgages at a median rate of 6.75%. Among lenders with 10+ originations, DIRECTIONS CREDIT UNION, INC. offered the lowest median costs at $2,775, which is $1,593 less than the county median.
Homebuyers in Monroe County County who chose DIRECTIONS CREDIT UNION, INC. paid $2,346 less in closing costs than the county median.
County Median Costs
$5,121
+15.4% vs Michigan ($4,438)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$2,188
Purchase Originations
1,455
vs Michigan Median
15.4% above
$683
vs National Median
24.0% below
$-1,620
Lender rankings in Monroe County County
28 lenders with 10+ originations, ranked by median total loan costs.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,775 | 6.625% | $550 | 43 | −$1,593 | |
| 2 | $2,876 | 6.688% | $330 | 14 | −$1,492 | |
| 3 | $3,330 | 6.625% | $998 | 19 | −$1,038 | |
| 4 | $3,340 | 7.125% | $1,270 | 13 | −$1,028 | |
| 5 | $3,492 | 6.990% | $1,094 | 12 | −$876 | |
| 6 | $3,555 | 6.875% | $1,209 | 56 | −$813 | |
| 7 | $3,589 | 6.625% | $1,316 | 20 | −$779 | |
| 8 | $3,619 | 6.875% | $1,376 | 15 | −$749 | |
| 9 | $3,699 | 6.688% | $1,295 | 18 | −$669 | |
| 10 | $3,721 | 6.625% | $1,200 | 23 | −$647 | |
| 11 | $3,776 | 6.250% | $1,200 | 11 | −$592 | |
| 12 | $4,032 | 7.125% | $1,930 | 19 | −$336 | |
| 13 | $4,115 | 6.933% | $2,044 | 92 | −$253 | |
| 14 | $4,201 | 6.875% | $2,177 | 20 | −$167 | |
| 15 | $4,508 | 6.990% | $2,180 | 20 | +$140 | |
| 16 | $4,513 | 7.000% | $2,224 | 75 | +$145 | |
| 17 | $4,636 | 7.100% | $2,409 | 32 | +$268 | |
| 18 | $4,789 | 7.100% | $2,676 | 10 | +$421 | |
| 19 | $4,921 | 6.875% | $2,188 | 17 | +$553 | |
| 20 | $5,002 | 6.750% | $2,620 | 38 | +$634 | |
| 21 | $5,139 | 6.875% | $3,070 | 91 | +$771 | |
| 22 | $5,218 | 6.933% | $3,055 | 22 | +$850 | |
| 23 | $5,370 | 6.999% | $2,970 | 83 | +$1,002 | |
| 24 | $5,488 | 6.250% | $1,732 | 11 | +$1,120 | |
| 25 | $7,263 | 7.125% | $5,410 | 14 | +$2,895 | |
| 26 | $10,564 | 6.990% | $2,601 | 10 | +$6,196 | |
| 27 | $10,904 | 6.750% | $7,000 | 22 | +$6,536 |
Includes lenders with 10+ purchase originations in Monroe 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.