# MICHIGAN FIRST CREDIT UNION

> **Canonical URL:** https://saferate.com/lenders/michigan-first-credit-union

> **📋 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 FIRST CREDIT UNION is a credit union, headquartered in Lathrup Village, MI, serving borrowers across 12 states, with 801 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 36% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 28% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300C6TQAJABMFOR79
- **Headquarters:** Lathrup Village, MI
- **Geographic Reach:** Multi-Region
- **States Served:** 12
- **State List:** FL, IL, IN, KY, MI, NC, OH, PA, SC, TN, VA, WA
- **Markets (MSAs):** 7
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 64/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 72/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.314%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,370
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 801
- **Dollar Volume:** $199 million
- **Applications Received:** 1,070
- **Market Share:** 2.00%

## Typical Borrower Profile

- **Average Loan Amount:** $248,770
- **Average Borrower Income:** $126,956

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **FHA Gold Superstar** (63%)
- ⭐ **Purchase Gold Superstar** (64%)
- ⭐ **Refinance Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 63/100 | 672 | +0.279% | $1,346 | Strong 😀 |
| FHA | 66/100 | 104 | +0.700% | $1,365 | Strong 😀 |
| VA | 57/100 | 13 | -0.290% | $1,998 | Sound ☺️ |
| Jumbo | 41/100 | 11 | +0.404% | $2,213 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 504 loans, Score: 62/100 (Strong)
- Refinance: 168 loans, Score: 67/100 (Strong)

**FHA:**
- Purchase: 90 loans, Score: 65/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 63/100 | 612 | $159M | +0.322% | Strong 😀 |
| Refinance | 66/100 | 189 | $40M | +0.283% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MI | 777 | 0.69% | 85/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Warren | MI | 277 | 79/100 |
| Detroit | MI | 268 | 84/100 |
| Grand Rapids | MI | 120 | 69/100 |
| Non |  | 40 | 37/100 |
| Ann Arbor, MI | MI | 16 | 51/100 |
| Lansing | MI | 13 | 45/100 |
| Flint, MI | MI | 12 | 44/100 |

## Frequently Asked Questions

### What loan types does MICHIGAN FIRST CREDIT UNION offer?

MICHIGAN FIRST CREDIT UNION offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does MICHIGAN FIRST CREDIT UNION offer mortgages?

MICHIGAN FIRST CREDIT UNION offers mortgages in 12 states: FL, IL, IN, KY, MI, NC, OH, PA, SC, TN, VA, WA.

### How competitive are MICHIGAN FIRST CREDIT UNION's mortgage rates?

MICHIGAN FIRST CREDIT UNION has a pricing score of 64/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.314% above market average.

### What type of lender is MICHIGAN FIRST CREDIT UNION?

MICHIGAN FIRST CREDIT UNION is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Lathrup Village, MI.

### What is MICHIGAN FIRST CREDIT UNION's loan approval success rate?

MICHIGAN FIRST CREDIT UNION has a pull-through score of 72/100 (Strong). 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:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/michigan-first-credit-union

### How to Cite

> "MICHIGAN FIRST CREDIT UNION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/michigan-first-credit-union

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