Grade A · 0% of disclosures flagged for junk fees
Mortgage Company
Avg Closing Costs
$3,181
median across reports
vs. National Average
51%
below national avg
Avg Origination Charge
$1,115
Section A lender fee
Reports with Junk Fees
0%
of submitted reports
| Fee Category | This Lender (avg) | National Avg | Verdict |
|---|---|---|---|
| discount_points | $4,125 | $3,585 | 🔴 Above Avg |
| Origination Fee | $1,115 | $3,743 | 🟢 Below Avg |
| lender_credits | $969 | $1,150 | 🟢 Below Avg |
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Based on 441 homebuyer-submitted Closing Disclosures, Sturgis Bank & Trust Company's median total closing costs are $3,181. This is about 51% below the $6,435 national peer median for comparable lenders. Actual costs vary by loan type, loan amount, property state, and individual borrower profile. This data is informational only and not financial advice.
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Average Closing Costs by State
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Aggregates from Sturgis Bank & Trust Company's 2025 HMDA filings — actual closed-loan figures reported to federal regulators, compared against the national median across all lenders.
Purchase Originations
241
Median Total Costs
$3,367
−49.6% vs national ($6,680)
Median Rate
6.625%
+2.1% vs national (6.490%)
Median Origination
$1,150
Median Lender Credits
$166
Denial Rate
2.4%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 241 | 6.625% | $3,367 | $1,150 |
| This lender | Michigan median | National median | |
|---|---|---|---|
| Total Closing Costs | $3,382 | $4,514 | $6,680 |
| Interest Rate | 6.625% | 6.620% | 6.490% |
| Originations in state | 221 | — | — |
Based on 2025 HMDA data. State and national medians cover all reporting lenders.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Sturgis Bank & Trust Company | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $225,000 | $335,000 | −$110,000 (−32.8%) |
| Median total closing costs | $3,367 | $7,127 | −$3,760 (−52.8%) |
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This content is for informational purposes only and does not constitute legal, financial, or tax advice. Consult a licensed professional for advice specific to your situation.