Lowest closing cost mortgage lenders in Wayne County County, Michigan
In Wayne County, Michigan, homebuyers paid a median of $4,902 in closing costs in 2024 — above the Michigan median of $4,438. The county saw 12,892 purchase mortgages at a median rate of 6.62%. Among lenders with 10+ originations, Bank of America, National Association offered the lowest median costs at $435, which is $3,855 less than the county median.
Homebuyers in Wayne County County who chose Bank of America, National Association paid $4,467 less in closing costs than the county median.
County Median Costs
$4,902
+10.5% vs Michigan ($4,438)
Median Rate
6.620%
+0.0% vs national (6.620%)
Median Origination
$1,990
Purchase Originations
12,892
vs Michigan Median
10.5% above
$464
vs National Median
27.3% below
$-1,839
Lender rankings in Wayne County County
90 lenders with 10+ originations, ranked by median total loan costs.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $435 | 5.875% | $200 | 171 | −$3,855 | |
| 2 | $2,098 | 6.500% | $212 | 29 | −$2,192 | |
| 3 | $2,378 | 6.625% | $587 | 301 | −$1,912 | |
| 4 | $2,657 | 6.375% | $355 | 22 | −$1,633 | |
| 5 | $2,842 | 5.500% | $495 | 80 | −$1,448 | |
| 6 | $2,874 | 6.750% | $500 | 30 | −$1,416 | |
| 7 | $2,949 | 6.625% | $695 | 13 | −$1,341 | |
| 8 | $3,107 | 6.875% | $625 | 13 | −$1,183 | |
| 9 | $3,126 | 6.500% | $750 | 29 | −$1,164 | |
| 10 | $3,166 | 7.188% | $844 | 30 | −$1,124 | |
| 11 | $3,206 | 6.500% | $892 | 15 | −$1,084 | |
| 12 | $3,212 | 6.500% | $850 | 24 | −$1,078 | |
| 13 | $3,338 | 6.750% | $995 | 45 | −$952 | |
| 14 | $3,476 | 6.625% | $1,195 | 32 | −$814 | |
| 15 | $3,500 | 6.625% | $950 | 60 | −$790 | |
| 16 | $3,582 | 6.875% | $1,295 | 26 | −$708 | |
| 17 | $3,590 | 6.500% | $995 | 44 | −$700 | |
| 18 | $3,593 | 6.375% | $1,369 | 14 | −$697 | |
| 19 | $3,610 | 6.625% | $1,195 | 155 | −$680 | |
| 20 | $3,626 | 6.625% | $1,295 | 31 | −$664 | |
| 21 | $3,658 | 6.500% | $982 | 311 | −$632 | |
| 22 | $3,681 | 6.625% | $1,623 | 33 | −$609 | |
| 23 | $3,691 | 6.750% | $1,267 | 53 | −$599 | |
| 24 | $3,705 | 6.250% | $1,200 | 103 | −$585 | |
| 25 | $3,739 | 6.875% | $1,574 | 336 | −$551 | |
| 26 | $3,748 | 6.500% | $1,010 | 234 | −$542 | |
| 27 | $3,763 | 6.625% | $1,594 | 294 | −$527 | |
| 28 | $3,791 | 6.625% | $1,440 | 12 | −$499 | |
| 29 | $3,795 | 6.875% | $1,437 | 52 | −$495 | |
| 30 | $3,877 | 6.625% | $1,566 | 12 | −$413 | |
| 31 | $3,878 | 6.500% | $1,200 | 173 | −$412 | |
| 32 | $3,898 | 6.375% | $1,798 | 85 | −$392 | |
| 33 | $3,990 | 6.688% | $1,413 | 10 | −$300 | |
| 34 | $4,015 | 6.000% | $1,695 | 16 | −$275 | |
| 35 | $4,017 | 6.750% | $1,295 | 19 | −$273 | |
| 36 | $4,038 | 6.990% | $1,974 | 132 | −$252 | |
| 37 | $4,043 | 6.750% | $1,548 | 83 | −$247 | |
| 38 | $4,055 | 7.000% | $1,400 | 18 | −$235 | |
| 39 | $4,062 | 7.125% | $1,805 | 32 | −$228 | |
| 40 | $4,092 | 6.750% | $2,163 | 1,507 | −$198 | |
| 41 | $4,132 | 6.625% | $1,738 | 221 | −$158 | |
| 42 | $4,132 | 6.990% | $1,934 | 47 | −$158 | |
| 43 | $4,156 | 6.750% | $1,353 | 125 | −$134 | |
| 44 | $4,234 | 7.125% | $1,839 | 25 | −$56 | |
| 45 | $4,255 | 6.875% | $2,507 | 20 | −$35 | |
| 46 | $4,290 | 7.000% | $1,475 | 27 | +$0 | |
| 47 | $4,320 | 7.625% | $1,495 | 22 | +$30 | |
| 48 | $4,321 | 6.688% | $2,061 | 102 | +$31 | |
| 49 | $4,339 | 6.875% | $2,049 | 64 | +$49 | |
| 50 | $4,377 | 6.990% | $1,807 | 78 | +$87 | |
| 51 | $4,395 | 6.600% | $2,073 | 16 | +$105 | |
| 52 | $4,415 | 6.625% | $1,640 | 144 | +$125 | |
| 53 | $4,500 | 6.062% | $2,255 | 10 | +$210 | |
| 54 | $4,612 | 6.625% | $2,582 | 24 | +$322 | |
| 55 | $4,618 | 6.990% | $2,416 | 184 | +$328 | |
| 56 | $4,628 | 6.625% | $2,508 | 33 | +$338 | |
| 57 | $4,648 | 7.125% | $2,628 | 15 | +$358 | |
| 58 | $4,663 | 6.625% | $2,220 | 15 | +$373 | |
| 59 | $4,763 | 6.990% | $2,287 | 107 | +$473 | |
| 60 | $4,797 | 6.990% | $2,368 | 55 | +$507 | |
| 61 | $4,798 | 6.500% | $2,836 | 25 | +$508 | |
| 62 | $4,858 | 6.875% | $2,325 | 42 | +$568 | |
| 63 | $5,007 | 6.999% | $2,142 | 18 | +$717 | |
| 64 | $5,043 | 7.125% | $1,190 | 37 | +$753 | |
| 65 | $5,053 | 6.750% | $1,816 | 20 | +$763 | |
| 66 | $5,111 | 6.990% | $2,755 | 252 | +$821 | |
| 67 | $5,408 | 6.875% | $3,070 | 25 | +$1,118 | |
| 68 | $5,451 | 6.625% | $3,342 | 100 | +$1,161 | |
| 69 | $5,563 | 6.998% | $3,045 | 2,025 | +$1,273 | |
| 70 | $5,619 | 6.625% | $3,162 | 28 | +$1,329 | |
| 71 | $5,640 | 6.625% | $3,491 | 26 | +$1,350 | |
| 72 | $6,207 | 6.875% | $3,889 | 138 | +$1,917 | |
| 73 | $6,224 | 9.640% | $1,951 | 29 | +$1,934 | |
| 74 | $6,369 | 6.990% | $3,380 | 10 | +$2,079 | |
| 75 | $6,799 | 6.750% | $3,940 | 32 | +$2,509 | |
| 76 | $10,329 | 6.875% | $2,485 | 165 | +$6,039 | |
| 77 | $11,953 | 9.875% | $9,618 | 12 | +$7,663 | |
| 78 | $15,107 | 8.875% | $12,177 | 10 | +$10,817 |
Includes lenders with 10+ purchase originations in Wayne 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.