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Frankenmuth Credit Union

Credit UnionFrankenmuth, MIHQDirectReviews near you on Google

Frankenmuth Credit Union has 374 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
Conventional · USDA
Place
Strong
4/5
Single State · 5 mkts
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
Purchase Superstar
Purchase
Superstar
Refinance Superstar
Refinance
Superstar

Safe Rate Summary

What They Do Well

  • Competitive pricing compared to the market
  • Lower than average lender fees
  • Strong pull through performance
  • Particularly strong in Conventional and USDA loans

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Report Card

Frankenmuth Credit Union performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+25.0 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
USDA
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Single State · 6 markets
Strong
Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Exceptional
Volume360
Mix96.3%
Spread
+0.240%Above
Fees
$1,161Fees
USDA Loans
Overall
Strong
Product
Strong
Pricing
Pull Through
Volume12
Mix3.2%
Spread
+0.592%Above
Fees
$981Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Strong
Volume328
Mix87.7%
Spread
+0.218%Above
Fees
$1,169Fees
Refinance
Overall
Strong
Product
Sound
Pricing
Strong
Pull Through
Exceptional
Volume46
Mix12.3%
Spread
+0.498%Above
Fees
$1,026Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
374
Applications
411
Volume
$78 million
Pricing & Closing
Avg Rate Spread
+0.250%
vs. market APOR
Avg Net Fees
$1,152
Origination − Credits
Pullthrough Rate
91.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$210,668
Avg Borrower Income
$111,070
Avg Property Value
$272,219

Geographic Coverage

Geographic Performance

Metro Areas
5
markets with activity
States Served
1
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

1
1 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Midwest1
MI

Top Metro Areas by Place Specialization Score

Volume 173Mix 46.26% of portfolio
100/100
Exceptional
Volume 40Mix 10.70% of portfolio
75/100
Strong
Volume 24Mix 6.42% of portfolio
57/100
Sound
Volume 12Mix 3.21% of portfolio
48/100
Sound
Volume 15Mix 4.01% of portfolio
47/100
Sound

Top States by Place Specialization Score

Michigan
Michigan
1
MichiganState
Volume 374Mix 100.00% of portfolio
79/100
Strong

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.