Safe Rate Rankings

Best Conventional 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

Lake Michigan Credit Union is Safe Rate's top-ranked Conventional lender in Michigan, leading on pricing, pullthrough, Conventional 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 Conventional pricing while Rocket Mortgage and United Wholesale Mortgage leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #2 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 (#5) and Lake Michigan Credit Union (#1).

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	LAKE MICHIGAN CREDIT UNION Credit UnionDirect	Exceptional	Exceptional	Exceptional	Exceptional	Exceptional	$1,074Fees	0.051%Below	6,220
2	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Exceptional	Acceptable*	Exceptional	Exceptional	Exceptional	$2,231Fees	0.414%Above	14,800
3	The Huntington National Bank BankDirect	Exceptional	Strong	Exceptional	Strong	Exceptional	$243Fees	0.391%Above	3,007
4	The Dart Bank BankDirect	Strong	Strong	Exceptional	Strong	Exceptional	$1,638Fees	0.214%Above	1,842
5	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$3,007Fees	0.426%Above	14,284
6	Old National Bank BankDirect	Strong	Exceptional	Exceptional	Strong	Strong	$599Fees	0.012%Above	640
7	Frankenmuth Credit Union Credit UnionDirect	Strong	Strong	Strong	Exceptional	Strong	$1,152Fees	0.250%Above	374
8	STAUNTON FINANCIAL, INC. Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Exceptional	Exceptional	$1,965Fees	0.335%Above	1,989
9	Mercantile Bank BankDirect	Strong	Strong	Strong	Strong	Exceptional	$919Fees	0.239%Above	1,395
10	Independent Bank BankDirect	Strong	Strong	Strong	Strong	Exceptional	$1,136Fees	0.254%Above	1,300
11	CONSUMERS CREDIT UNION Credit UnionDirect	Strong	Strong	Exceptional	Strong	Exceptional	$1,329Fees	0.288%Above	1,200
12	First Merchants Bank BankDirect	Strong	Strong	Exceptional	Strong	Exceptional	$1,114Fees	0.184%Above	1,106
13	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Exceptional	Sound	Strong	$573Fees	0.489%Below	503
14	Honor Credit Union Credit UnionDirect	Strong	Strong	Strong	Strong	Exceptional	$936Fees	0.240%Above	485
15	U.S. Bank National Association BankDirect	Strong	Strong	Exceptional	Strong	Strong	$128Fees	0.124%Above	373
16	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$1,775Fees	0.318%Above	2,049
17	MICHIGAN SCHOOLS AND GOVERNMENT Credit UnionDirect	Strong	Strong	Strong	Strong	Exceptional	$642Fees	0.310%Below	1,084
18	Bank of America, National Association BankDirect	Strong	Strong	Exceptional	Strong	Strong	$1,268Fees	0.012%Above	684
19	MICHIGAN STATE UNIVERSITY Federal Credit Union Credit UnionDirect	Strong	Strong	Strong	Strong	Exceptional	$1,207Fees	0.262%Above	841
20	PNC Bank, National Association BankDirect	Strong	Strong	Exceptional	Strong	Strong	$210Credit	0.193%Above	526
21	UNITED FEDERAL CREDIT UNION Credit UnionDirect	Strong	Strong	Strong	Strong	Strong	$1,415Fees	0.183%Above	401
22	Fifth Third Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Exceptional	$668Fees	0.326%Above	1,528
23	MORTGAGE CENTER L.C Independent Mortgage CompanyDirect	Strong	Strong	Strong	Strong	Exceptional	$1,210Fees	0.126%Above	923
24	Flagstar Bank, N.A. BankDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Exceptional	$1,816Fees	0.487%Above	2,869
25	MORTGAGE 1 INCORPORATED Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,750Fees	0.558%Above	3,179
26	First State Bank BankDirect	Strong	Sound	Strong	Strong	Exceptional	$1,290Fees	0.214%Above	877
27	RUOFF MORTGAGE COMPANY, INC. Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	Strong	$2,074Fees	0.382%Above	615
28	Citizens Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Strong	$417Fees	0.100%Above	427
29	OAK MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Strong	Strong	Strong	Strong	$1,125Fees	0.239%Above	308
30	UNION HOME MORTGAGE CORP. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Exceptional	$3,000Fees	0.809%Above	2,797
31	ARBOR FINANCIAL CREDIT UNION Credit UnionDirect	Strong	Sound	Strong	Strong	Strong	$1,504Fees	0.299%Above	316
32	MICHIGAN FIRST CREDIT UNION Credit UnionDirect	Strong	Strong	Strong	Strong	Exceptional	$1,362Fees	0.321%Above	777
33	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$2,883Fees	0.420%Above	670
34	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,411Fees	0.709%Above	1,686
35	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,071Fees	0.334%Above	923
36	FIRST COMMUNITY MORTGAGE, INC. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$2,792Fees	0.547%Above	917
37	THE LOAN STORE, INC. Independent Mortgage CompanyWholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$1,527Fees	0.442%Above	573
38	ARK-LA-TEX FINANCIAL SERVICES, LLC. Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$2,148Fees	0.439%Above	457
39	Wells Fargo Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Strong	$2,402Fees	0.155%Above	274
40	Genisys Credit Union Credit UnionDirect	Strong	Sound	Strong	Sound	Exceptional	$938Fees	0.149%Above	810
41	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,272Fees	0.515%Above	373
42	TOWNE MORTGAGE COMPANY Independent Mortgage CompanyWholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$1,928Fees	0.456%Above	311
43	Dort Financial Credit Union Credit UnionDirect	Strong	Sound	Strong	Exceptional	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	DOW CREDIT UNION Credit UnionDirect	Strong	Strong	Strong	Strong	Strong	$121Fees	0.803%Above	233
46	GUILD MORTGAGE COMPANY LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,168Fees	0.544%Above	526
47	Northpointe Bank BankDirect	Strong	Sound	Exceptional	Strong	Strong	$2,485Fees	0.280%Above	332
48	Horizon Bank BankDirect	Strong	Sound	Strong	Strong	Strong	$1,645Fees	0.369%Above	275
49	MUTUAL OF OMAHA MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Strong	Strong	Sound	Strong	$1,941Fees	0.309%Above	282
50	CREDIT UNION ONE Credit UnionDirect	Strong	Strong	Strong	Sound	Strong	$414Fees	0.350%Above	281

❓ 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.