# MICHIGAN EDUCATIONAL

> **Canonical URL:** https://saferate.com/lenders/michigan-educational


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


MICHIGAN EDUCATIONAL is a credit union, headquartered in Plymouth, MI, with 30 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 54% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 65% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 5493007EGI95MEVJ2178
- **Headquarters:** Plymouth, MI
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** MI
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 46/100
- Rating: ●●●○○ (3/5)

### Pull Through: Acceptable 🙂
- Score: 35/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.222%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,278
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 30
- **Dollar Volume:** $7 million
- **Applications Received:** 31
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $229,000
- **Average Borrower Income:** $152,867
- **Average Property Value:** $379,000

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 19/100 | 30 | +0.222% | $2,278 | Mediocre 😐 |

### Product Performance by Purpose

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 17/100 | 18 | $5M | +0.101% | Mediocre 😐 |
| Refinance | 21/100 | 12 | $2M | +0.402% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MI | 30 | 0.03% | 59/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Detroit | MI | 11 | 52/100 |
| Warren | MI | 11 | 51/100 |

## Frequently Asked Questions

### What loan types does MICHIGAN EDUCATIONAL offer?

MICHIGAN EDUCATIONAL offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does MICHIGAN EDUCATIONAL offer mortgages?

MICHIGAN EDUCATIONAL offers mortgages in 1 states: MI.

### How competitive are MICHIGAN EDUCATIONAL's mortgage rates?

MICHIGAN EDUCATIONAL has a pricing score of 46/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.222% above market average.

### What type of lender is MICHIGAN EDUCATIONAL?

MICHIGAN EDUCATIONAL is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Plymouth, MI.

### What is MICHIGAN EDUCATIONAL's loan approval success rate?

MICHIGAN EDUCATIONAL has a pull-through score of 35/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/michigan-educational

### How to Cite

> "MICHIGAN EDUCATIONAL Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/michigan-educational

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