What loan types does Michigan Mutual offer?

Michigan Mutual offers the following mortgage loan types: FHA, Conventional, VA, usda. Each product has its own pricing score and performance metrics.

Where does Michigan Mutual offer mortgages?

Michigan Mutual offers mortgages in 39 states: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KY, LA, MD, ME, MI, MN, MO, MS, NC, NJ, NM, NV, OH, OK, OR, PA, SC, TN, TX, UT, VA, WA, WI, WV, WY.

How competitive are Michigan Mutual's mortgage rates?

Michigan Mutual has an overall pricing score of 32.1/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Michigan Mutual?

Michigan Mutual is a Independent Mortgage Company headquartered in PORT HURON, MI.

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Michigan Mutual

Independent Mortgage Company•Port Huron, MIHQ•Direct & Wholesale•Reviews near you on Google

We analyzed every closed loan from Michigan Mutual — 3.3k loans across 4k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Acceptable

2/5

vs. all lenders

Pull-through

Strong

4/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · VA · USDA

Place

Sound

3/5

Near-National · 49 mkts

Awards

FHA

Superstar

Purchase

Superstar

Summary

What They Do Well

Strong pull through performance
Particularly strong in Conventional and FHA and VA and USDA loans
Nationwide availability with consistent service

Things to Think About

Rates typically 52 basis points above market average

Explore another lender or local market

Report Card

Michigan Mutual performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+52.2 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

FHA

Exceptional

Top 20% of lenders

Strong

Top 40% of lenders

USDA

Strong

Top 40% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Strong

Top 40% of lenders

Refinance

Strong

Top 40% of lenders

By Location· Geographic coverage

Geographic Reach

Near-National · 50 markets

Sound

Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Strong	Acceptable	Strong	2,017	61.9%	+0.508%Above	$2,489Fees
FHA Loans	Strong	Exceptional	Sound	Strong	939	28.8%	+0.639%Above	$2,595Fees
VA Loans	Strong	Strong	Sound	Strong	258	7.9%	-0.087%Below	$1,562Fees
USDA Loans	Sound	Strong	Acceptable	Sound	37	1.1%	+0.555%Above	$2,806Fees

Conventional

Overall

Sound

Product

Strong

Pricing

Acceptable

Pull Through

Strong

Volume2,017

Mix61.9%

Spread

+0.508%Above

Fees

$2,489Fees

FHA Loans

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Strong

Volume939

Mix28.8%

Spread

+0.639%Above

Fees

$2,595Fees

VA Loans

Overall

Strong

Product

Strong

Pricing

Sound

Pull Through

Strong

Volume258

Mix7.9%

Spread

-0.087%Below

Fees

$1,562Fees

USDA Loans

Overall

Sound

Product

Strong

Pricing

Acceptable

Pull Through

Sound

Volume37

Mix1.1%

Spread

+0.555%Above

Fees

$2,806Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Strong	Acceptable	Strong	2,692	82.6%	+0.542%Above	$2,499Fees
Refinance	Sound	Strong	Acceptable	Strong	566	17.4%	+0.428%Above	$2,417Fees

Purchase

Overall

Sound

Product

Strong

Pricing

Acceptable

Pull Through

Strong

Volume2,692

Mix82.6%

Spread

+0.542%Above

Fees

$2,499Fees

Refinance

Overall

Sound

Product

Strong

Pricing

Acceptable

Pull Through

Strong

Volume566

Mix17.4%

Spread

+0.428%Above

Fees

$2,417Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

3,258

Applications

4,499

Volume

$949 million

Pricing & Closing

Avg Rate Spread

+0.522%

vs. market APOR

Avg Net Fees

$2,485

Origination − Credits

Pullthrough Rate

72.4%

Applications → Closed

Typical Borrower

Avg Loan Amount

$291,304

Avg Borrower Income

$118,235

Avg Property Value

$369,349

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

Northeast4

CTMENJPA

Midwest8

IAILINMIMNMOOHWI

South17

ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV

West10

AZCACOIDNMNVORUTWAWY

Top Metro Areas by Place Specialization Score

1© Darren56brown · CC BY-SA 4.0

Warren, MIMetro

Volume 543Mix 16.67% of portfolio

83/100

Exceptional

2© Manteo2murphy · CC BY-SA 4.0

Goldsboro, NCMetro

Volume 52Mix 1.60% of portfolio

79/100

Strong

3© Bobak Ha'Eri · CC BY 3.0

Bakersfield, CAMetro

Volume 106Mix 3.25% of portfolio

72/100

Strong

4© Ken Lund from Reno, Nevada, USA · CC BY-SA 2.0

Detroit, MIMetro

Volume 116Mix 3.56% of portfolio

68/100

Strong

Lake County, INMetro

Volume 63Mix 1.93% of portfolio

68/100

Strong

Phoenix, AZMetro

Volume 119Mix 3.65% of portfolio

62/100

Strong

Pittsburgh, PAMetro

Volume 61Mix 1.87% of portfolio

61/100

Strong

Scranton, PAMetro

Volume 40Mix 1.23% of portfolio

61/100

Strong

Tampa, FLMetro

Volume 72Mix 2.21% of portfolio

60/100

Strong

Davenport, IA-ILMetro

Volume 44Mix 1.35% of portfolio

60/100

Strong

Showing 10 of 49 metro areas

Top States by Place Specialization Score

MichiganState

Volume 918Mix 28.18% of portfolio

82/100

Exceptional

PennsylvaniaState

Volume 217Mix 6.66% of portfolio

68/100

Strong

FloridaState

Volume 363Mix 11.14% of portfolio

67/100

Strong

CaliforniaState

Volume 284Mix 8.72% of portfolio

64/100

Strong

IndianaState

Volume 164Mix 5.03% of portfolio

64/100

Strong

North CarolinaState

Volume 196Mix 6.02% of portfolio

64/100

Strong

ArizonaState

Volume 141Mix 4.33% of portfolio

63/100

Strong

New MexicoState

Volume 63Mix 1.93% of portfolio

61/100

Strong

OhioState

Volume 109Mix 3.35% of portfolio

58/100

Sound

TexasState

Volume 121Mix 3.71% of portfolio

55/100

Sound

Showing 10 of 31 states

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.