Safe Rate Rankings

Best Mortgage Lenders in Michigan

Updated June 4, 2026
⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
🛡️ 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.
Total Lenders309
Total Loans112,266
Median Rate Spread0.41%

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RankLenderOverallPricingPull ThroughPlaceAvg FeesRate Spread# of LoansAction
1
LAKE MICHIGAN CREDIT UNION
Credit UnionDirect
Exceptional
Exceptional
Exceptional
Exceptional
$1,074Fees
0.051%Below
6,220
2
MICHIGAN SCHOOLS AND GOVERNMENT
Credit UnionDirect
Strong
Strong
Strong
Exceptional
$642Fees
0.310%Below
1,084
3
UNITED WHOLESALE MORTGAGE, LLC
Independent Mortgage CompanyWholesale
Strong
Sound*
Exceptional
Exceptional
$2,231Fees
0.414%Above
14,800
4
The Dart Bank
BankDirect
Strong
Strong
Strong
Exceptional
$1,638Fees
0.214%Above
1,842
5
Mercantile Bank
BankDirect
Strong
Strong
Strong
Exceptional
$919Fees
0.239%Above
1,395
6
Old National Bank
BankDirect
Strong
Exceptional
Strong
Strong
$599Fees
0.012%Above
640
7
Honor Credit Union
Credit UnionDirect
Strong
Strong
Strong
Exceptional
$936Fees
0.240%Above
485
8
Frankenmuth Credit Union
Credit UnionDirect
Strong
Strong
Strong
Strong
$1,152Fees
0.250%Above
374
9
The Huntington National Bank
BankDirect
Strong
Strong
Strong
Exceptional
$243Fees
0.391%Above
3,007
10
Independent Bank
BankDirect
Strong
Strong
Strong
Exceptional
$1,136Fees
0.254%Above
1,300
11
CONSUMERS CREDIT UNION
Credit UnionDirect
Strong
Strong
Strong
Exceptional
$1,329Fees
0.288%Above
1,200
12
ROCKET MORTGAGE, LLC
Independent Mortgage CompanyDirect & Wholesale
Strong
Acceptable*
Exceptional
Exceptional
$3,007Fees
0.426%Above
14,284
13
First Merchants Bank
BankDirect
Strong
Strong
Strong
Exceptional
$1,114Fees
0.184%Above
1,106
14
Bank of America, National Association
BankDirect
Strong
Strong
Strong
Strong
$1,268Fees
0.012%Above
684
15
NAVY FEDERAL CREDIT UNION
Credit UnionDirect
Strong
Exceptional
Sound
Strong
$573Fees
0.489%Below
503
16
STAUNTON FINANCIAL, INC.
Independent Mortgage CompanyDirect
Strong
Sound
Exceptional
Exceptional
$1,965Fees
0.335%Above
1,989
17
MORTGAGE CENTER L.C
Independent Mortgage CompanyDirect
Strong
Strong
Strong
Exceptional
$1,210Fees
0.126%Above
923
18
MICHIGAN STATE UNIVERSITY Federal Credit Union
Credit UnionDirect
Strong
Strong
Strong
Exceptional
$1,207Fees
0.262%Above
841
19
MICHIGAN FIRST CREDIT UNION
Credit UnionDirect
Strong
Strong
Strong
Exceptional
$1,362Fees
0.321%Above
777
20
UNITED FEDERAL CREDIT UNION
Credit UnionDirect
Strong
Strong
Strong
Strong
$1,415Fees
0.183%Above
401
21
First State Bank
BankDirect
Strong
Sound
Strong
Exceptional
$1,290Fees
0.214%Above
877
22
U.S. Bank National Association
BankDirect
Strong
Strong
Strong
Strong
$128Fees
0.124%Above
373
23
ARBOR FINANCIAL CREDIT UNION
Credit UnionDirect
Strong
Sound
Strong
Strong
$1,504Fees
0.299%Above
316
24
Fifth Third Bank, National Association
BankDirect
Strong
Strong
Strong
Exceptional
$668Fees
0.326%Above
1,528
25
Superior National Bank
BankDirect
Strong
Sound
Strong
Exceptional
$1,053Fees
0.378%Above
520
26
Dort Financial Credit Union
Credit UnionDirect
Strong
Sound
Exceptional
Strong
$600Fees
0.216%Above
273
27
MORTGAGE 1 INCORPORATED
Independent Mortgage CompanyDirect
Strong
Acceptable
Exceptional
Exceptional
$2,750Fees
0.558%Above
3,179
28
Flagstar Bank, N.A.
BankDirect & Wholesale
Strong
Acceptable*
Strong
Exceptional
$1,816Fees
0.487%Above
2,869
29
Genisys Credit Union
Credit UnionDirect
Strong
Sound
Strong
Exceptional
$938Fees
0.149%Above
810
30
PNC Bank, National Association
BankDirect
Strong
Strong
Strong
Strong
$210Credit
0.193%Above
526
31
University Bank
BankDirect
Strong
Sound
Exceptional
Strong
$1,826Fees
0.455%Above
317
32
JPMorgan Chase Bank, National Association
BankDirect & Wholesale
Strong
Sound*
Strong
Exceptional
$1,775Fees
0.318%Above
2,049
33
Citizens Bank, National Association
BankDirect
Strong
Strong
Strong
Strong
$417Fees
0.100%Above
427
34
OAK MORTGAGE, LLC
Independent Mortgage CompanyDirect
Strong
Strong
Strong
Strong
$1,125Fees
0.239%Above
308
35
FIRST COMMUNITY MORTGAGE, INC.
Independent Mortgage CompanyDirect & Wholesale
Strong
Acceptable*
Exceptional
Strong
$2,792Fees
0.547%Above
917
36
ARK-LA-TEX FINANCIAL SERVICES, LLC.
Independent Mortgage CompanyDirect & Wholesale
Strong
Sound*
Exceptional
Strong
$2,148Fees
0.439%Above
457
37
LOANDEPOT.COM, LLC
Independent Mortgage CompanyDirect & Wholesale
Strong
Sound*
Strong
Strong
$2,883Fees
0.420%Above
670
38
ChoiceOne Bank
BankDirect
Strong
Sound
Sound
Strong
$1,003Fees
0.171%Above
352
39
UNION HOME MORTGAGE CORP.
Independent Mortgage CompanyDirect & Wholesale
Strong
Acceptable*
Exceptional
Exceptional
$3,000Fees
0.809%Above
2,797
40
RUOFF MORTGAGE COMPANY, INC.
Independent Mortgage CompanyDirect
Strong
Sound
Strong
Strong
$2,074Fees
0.382%Above
615
41
FREEDOM MORTGAGE CORPORATION
Independent Mortgage CompanyDirect & Wholesale
Strong
Sound*
Strong
Strong
$2,191Fees
0.489%Above
568
42
CREDIT UNION ONE
Credit UnionDirect
Strong
Strong
Sound
Strong
$414Fees
0.350%Above
281
43
COMMUNITY FINANCIAL CREDIT UNION
Credit UnionDirect
Strong
Strong
Sound
Strong
$1,147Fees
0.155%Above
231
44
THE LOAN STORE, INC.
Independent Mortgage CompanyWholesale
Strong
Acceptable*
Strong
Strong
$1,527Fees
0.442%Above
573
45
GUARANTEED RATE, INC.
Independent Mortgage CompanyDirect
Strong
Sound
Strong
Strong
$2,071Fees
0.334%Above
923
46
MICHIGAN MUTUAL, INC.
Independent Mortgage CompanyDirect & Wholesale
Strong
Acceptable*
Strong
Exceptional
$2,282Fees
0.638%Above
918
47
PENNYMAC LOAN SERVICES, LLC
Independent Mortgage CompanyDirect & Wholesale
Strong
Sound*
Strong
Strong
$2,071Fees
0.110%Above
449
48
TOWNE MORTGAGE COMPANY
Independent Mortgage CompanyWholesale
Strong
Acceptable*
Strong
Strong
$1,928Fees
0.456%Above
311
49
Wells Fargo Bank, National Association
BankDirect
Strong
Strong
Sound
Strong
$2,402Fees
0.155%Above
274
50
Mortgage Research Center, LLC
Independent Mortgage CompanyDirect
Strong
Acceptable
Strong
Exceptional
$1,753Fees
0.748%Above
1,673

How We Rank Lenders

Our rankings use a weighted average of scores across equally-weighted categories to evaluate lenders on a linear, raw performance scale.

Our Point System (Max 30 Points)

10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Place
Local market expertise (33%)

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.

⚖️ Licensing & Disclosures

Lender rankings and market statistics are created by Dylan Hall, licensed mortgage loan officer (NMLS #1658740). Safe Rate is a mortgage technology platform; mortgage lending services are provided by PartnerOwn LLC dba Safe Rate Mortgage, a licensed mortgage broker and lender (NMLS #1590949). Safe Rate Mortgage is a lending partner of some of the lenders ranked on this page, and Safe Rate Inc. has software or service customers on this list; however, all rankings are calculated using objective, public Home Mortgage Disclosure Act (HMDA) datasets, completely independent of any corporate partnerships, client relationships, or compensation.