Safe Rate Rankings

Best FHA Mortgage Lenders in Michigan

Updated June 4, 2026

Rankings are a starting point, not a verdict. Safe Rate recommends speaking with 2-3 lenders to find the right fit for your home loan!

⚖️ 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.

Market

Total Lenders309

Total Loans112,266

Median Rate Spread0.41%

Michigan Market Insights

United Wholesale Mortgage is Safe Rate's top-ranked FHA lender in Michigan, leading on pricing, pullthrough, FHA product expertise, and local knowledge.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Michigan, Old National Bank and Lake Michigan Credit Union scores highest on FHA pricing while Staunton Financial and University Bank leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #1 in Michigan, serving as the platform behind many independent local brokers who live and work in the community. A local broker knows the neighborhoods, the local market, and is personally invested in your outcome. Real estate agents often prefer referring local brokers for their accessibility and responsiveness, qualities that matter when a deal is moving fast. Pricing and experience can vary by broker.
Popular names in Michigan: Rocket Mortgage (#3) and Lake Michigan Credit Union (#2).

Explore Rankings by Type

Overall Rankings

All lenders in Michigan

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By Institution Type

Banks Credit Unions Mortgage Companies

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Exceptional	Sound*	Exceptional	Exceptional	Exceptional	$2,231Fees	0.414%Above	14,800
2	LAKE MICHIGAN CREDIT UNION Credit UnionDirect	Exceptional	Strong	Strong	Strong	Exceptional	$1,074Fees	0.051%Below	6,220
3	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$3,007Fees	0.426%Above	14,284
4	The Huntington National Bank BankDirect	Strong	Strong	Exceptional	Strong	Exceptional	$243Fees	0.391%Above	3,007
5	Flagstar Bank, N.A. BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$1,816Fees	0.487%Above	2,869
6	University Bank BankDirect	Strong	Strong	Strong	Exceptional	Strong	$1,826Fees	0.455%Above	317
7	STAUNTON FINANCIAL, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Exceptional	Exceptional	$1,965Fees	0.335%Above	1,989
8	Old National Bank BankDirect	Strong	Exceptional	Strong	Sound	Strong	$599Fees	0.012%Above	640
9	ARK-LA-TEX FINANCIAL SERVICES, LLC. Independent Mortgage CompanyDirect & Wholesale	Strong	Strong*	Exceptional	Strong	Strong	$2,148Fees	0.439%Above	457
10	Fifth Third Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Exceptional	$668Fees	0.326%Above	1,528
11	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Strong*	Exceptional	Sound	Strong	$2,071Fees	0.110%Above	449
12	Independent Bank BankDirect	Strong	Exceptional	Strong	Sound	Exceptional	$1,136Fees	0.254%Above	1,300
13	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$2,883Fees	0.420%Above	670
14	FREEDOM MORTGAGE CORPORATION Independent Mortgage CompanyDirect & Wholesale	Strong	Strong*	Exceptional	Strong	Strong	$2,191Fees	0.489%Above	568
15	The Dart Bank BankDirect	Strong	Strong	Strong	Strong	Exceptional	$1,638Fees	0.214%Above	1,842
16	FIRST COMMUNITY MORTGAGE, INC. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Strong	$2,792Fees	0.547%Above	917
17	First State Bank BankDirect	Strong	Sound	Strong	Strong	Exceptional	$1,290Fees	0.214%Above	877
18	TOWNE MORTGAGE COMPANY Independent Mortgage CompanyWholesale	Strong	Sound*	Exceptional	Exceptional	Strong	$1,928Fees	0.456%Above	311
19	UNION HOME MORTGAGE CORP. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$3,000Fees	0.809%Above	2,797
20	NEWREZ LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Sound	Strong	$2,204Fees	0.577%Above	1,040
21	THE LOAN STORE, INC. Independent Mortgage CompanyWholesale	Strong	Sound*	Exceptional	Strong	Strong	$1,527Fees	0.442%Above	573
22	Mercantile Bank BankDirect	Strong	Strong	Strong	Sound	Exceptional	$919Fees	0.239%Above	1,395
23	MICHIGAN MUTUAL, INC. Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$2,282Fees	0.638%Above	918
24	Citizens Bank, National Association BankDirect	Strong	Strong	Strong	Sound	Strong	$417Fees	0.100%Above	427
25	U.S. Bank National Association BankDirect	Strong	Strong	Exceptional	Sound	Strong	$128Fees	0.124%Above	373
26	MORTGAGE 1 INCORPORATED Independent Mortgage CompanyDirect	Strong	Mediocre	Exceptional	Strong	Exceptional	$2,750Fees	0.558%Above	3,179
27	First Merchants Bank BankDirect	Strong	Strong	Strong	Sound	Exceptional	$1,114Fees	0.184%Above	1,106
28	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,071Fees	0.334%Above	923
29	MICHIGAN FIRST CREDIT UNION Credit UnionDirect	Strong	Sound	Strong	Strong	Exceptional	$1,362Fees	0.321%Above	777
30	GUILD MORTGAGE COMPANY LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,168Fees	0.544%Above	526
31	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,272Fees	0.515%Above	373
32	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Strong	Sound	Exceptional	$1,775Fees	0.318%Above	2,049
33	MICHIGAN SCHOOLS AND GOVERNMENT Credit UnionDirect	Strong	Strong	Sound	Sound	Exceptional	$642Fees	0.310%Below	1,084
34	PNC Bank, National Association BankDirect	Strong	Strong	Strong	Sound	Strong	$210Credit	0.193%Above	526
35	NORTHERN MORTGAGE SERVICES, LLC Independent Mortgage CompanyDirect	Strong	Sound	Strong	Strong	Strong	$3,853Fees	0.390%Above	431
36	UNITED FEDERAL CREDIT UNION Credit UnionDirect	Strong	Strong	Strong	Sound	Strong	$1,415Fees	0.183%Above	401
37	Plains Commerce Bank BankWholesale	Strong	Sound*	Exceptional	Strong	Strong	$1,942Fees	0.483%Above	261
38	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Mediocre	Exceptional	Strong	Strong	$3,411Fees	0.709%Above	1,686
39	RUOFF MORTGAGE COMPANY, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,074Fees	0.382%Above	615
40	Superior National Bank BankDirect	Strong	Sound	Sound	Strong	Exceptional	$1,053Fees	0.378%Above	520
41	Northpointe Bank BankDirect	Strong	Sound	Exceptional	Strong	Strong	$2,485Fees	0.280%Above	332
42	ARBOR FINANCIAL CREDIT UNION Credit UnionDirect	Strong	Sound	—	Strong	Strong	$1,504Fees	0.299%Above	316
43	Dort Financial Credit Union Credit UnionDirect	Strong	Strong	Strong	Strong	Strong	$600Fees	0.216%Above	273
44	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,308Fees	0.690%Above	239
45	GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Exceptional	$2,352Fees	0.553%Above	991
46	J. VIRGIL, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Strong	Exceptional	$2,772Fees	0.672%Above	649
47	THE MORTGAGE LINK, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,289Fees	0.652%Above	507
48	Honor Credit Union Credit UnionDirect	Strong	Strong	Sound	Sound	Exceptional	$936Fees	0.240%Above	485
49	PRIMELENDING, A PLAINSCAPITAL COMPANY Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	Strong	$3,731Fees	0.615%Above	263
50	FAIRWAY INDEPENDENT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	Strong	$2,704Fees	0.557%Above	246

❓ Frequently Asked Questions

How are mortgage lenders ranked in Michigan?+

Safe Rate ranks lenders using the 4 Ps framework, derived entirely from HMDA (Home Mortgage Disclosure Act) data: Pricing (how competitively a lender prices loans vs. the market benchmark), Pullthrough (how effectively a lender closes applications), Place (the lender's depth of expertise in Michigan), and Product (performance on specific loan types). Each lender receives a composite Safe Rate Score from 0–100. No lender pays to appear in the rankings.

What is the Safe Rate Score?+

The Safe Rate Score is a 0–100 composite index measuring a lender's performance across Pricing, Pullthrough, Place, and Product. Scores of 80 or above earn Champion status; scores of 60–79 earn Superstar status. All scores are calculated from verified HMDA data — no lender can pay to improve their position.

How many mortgage lenders are active in Michigan?+

Based on 2024 HMDA data, 309 lenders originated a combined 112,266 loans in Michigan. Safe Rate's rankings evaluate all of them — not just a curated shortlist.

What does the rate spread tell me about a lender in Michigan?+

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in Michigan is 0.41%. Lenders in Safe Rate's top rankings consistently price below this median, meaning borrowers typically pay less interest over the life of their loan.

What is HMDA data and why does Safe Rate use it?+

HMDA (Home Mortgage Disclosure Act) is a federal law requiring every mortgage lender to disclose every loan application annually — including rates, amounts, approvals, and denials. Safe Rate uses HMDA because it is government-verified, covers all lenders equally, and cannot be gamed. It is the most objective foundation available for lender rankings.

Does Safe Rate accept payment from lenders to appear in rankings?+

No. Safe Rate rankings are strictly data-driven. No lender can pay to appear in or improve their position in Safe Rate's rankings. The only factor that determines a lender's rank is their verified HMDA performance data.

What is the difference between a bank, credit union, and independent mortgage company?+

Banks and credit unions offer mortgages alongside checking, savings, and other products. Independent Mortgage Companies (IMCs) focus exclusively on originating loans and often offer more product variety and speed. In Michigan's rankings, all three institution types are evaluated on the same HMDA performance metrics.

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 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

Place

Local market expertise (25%)

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.