Top Mortgage Lenders in Big Rapids, MI

Which mortgage lender in the Big Rapids, MI area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Big Rapids, MI area by interest rate and market share. Unlike our competitors, we maintain independence by not accepting any compensation from the mortgage lenders we rank. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings.

Going by historical data, the best mortgage lender in the Big Rapids, MI area in terms of interest rate is Lake Michigan Credit Union, with an average “Rate Difference” of -0.15%. This means that, comparing similar borrowers, Lake Michigan Credit Union provided a -0.15% lower interest rate for its customers than other lenders in the area. Lake Michigan Credit Union has a market share of 5.9%. On the other hand, the most popular lender in the Big Rapids, MI area is Quicken Loans, with a larger market share of 19.1%. Quicken Loans is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.07% compared to those of other lenders in this area.

Our detailed ranking of mortgage lenders in the Big Rapids, MI area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, the cheapest lender for Conventional mortgages in Big Rapids, MI is Lake Michigan Credit Union. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Huntington National Bank. The cheapest VA mortgage provider is Fifth Third Bank. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.

Ranking of Mortgage Lenders in Big Rapids, MI

Mortgage Type:
Purchase/Refinance:
Lender NameRate DifferenceRate RatingMarket Share
Lake Michigan Credit Union-0.15%(4.0)5.86%
Isabella Bank-0.13%(4.0)6.70%
TCF Bank-0.13%(4.0)7.35%
Huntington National Bank-0.09%(4.0)8.19%
Fifth Third Bank-0.09%(4.0)11.53%
Mercantile Bank of Michigan-0.07%(4.0)5.49%
Independent Bank Michigan-0.02%(3.5)9.21%
Caliber Home Loans-0.00%(3.5)5.86%
Cason Home Loans0.03%(3.5)2.88%
Quicken Loans0.07%(3.0)19.07%
Mortgage 1 Inc0.08%(3.0)3.72%
Amerifirst Home Mortgage0.22%(2.5)14.14%
Lender NameRate DifferenceRate RatingMarket Share
Lake Michigan Credit Union-0.17%(4.5)7.96%
TCF Bank-0.16%(4.5)5.89%
Fifth Third Bank-0.15%(4.5)9.39%
Isabella Bank-0.14%(4.0)5.89%
Huntington National Bank-0.13%(4.0)8.44%
Mercantile Bank of Michigan-0.05%(3.5)3.18%
Caliber Home Loans-0.02%(3.5)8.60%
Independent Bank Michigan-0.01%(3.5)9.55%
Cason Home Loans0.02%(3.5)4.78%
Quicken Loans0.05%(3.0)11.15%
Mortgage 1 Inc0.07%(3.0)5.41%
Amerifirst Home Mortgage0.25%(2.5)19.75%
Lender NameRate DifferenceRate RatingMarket Share
Isabella Bank-0.12%(4.0)7.83%
TCF Bank-0.10%(4.0)9.40%
Lake Michigan Credit Union-0.07%(4.0)2.91%
Mercantile Bank of Michigan-0.07%(4.0)8.72%
Huntington National Bank-0.03%(3.5)7.83%
Independent Bank Michigan-0.03%(3.5)8.72%
Fifth Third Bank-0.02%(3.5)14.54%
Cason Home Loans0.03%(3.5)0.22%
Caliber Home Loans0.04%(3.5)2.01%
Mortgage 1 Inc0.05%(3.0)1.34%
Amerifirst Home Mortgage0.07%(3.0)6.26%
Quicken Loans0.09%(3.0)30.20%
Lender NameRate DifferenceRate RatingMarket Share
Lake Michigan Credit Union-0.14%(4.0)7.13%
Isabella Bank-0.12%(4.0)8.55%
TCF Bank-0.12%(4.0)9.14%
Fifth Third Bank-0.08%(4.0)13.06%
Huntington National Bank-0.08%(4.0)7.60%
Mercantile Bank of Michigan-0.06%(4.0)6.89%
Independent Bank Michigan-0.01%(3.5)11.05%
Caliber Home Loans0.03%(3.5)4.51%
Mortgage 1 Inc0.10%(3.0)3.09%
Cason Home Loans0.14%(3.0)1.66%
Quicken Loans0.14%(3.0)14.73%
Amerifirst Home Mortgage0.19%(2.5)12.59%
Lender NameRate DifferenceRate RatingMarket Share
Lake Michigan Credit Union-0.16%(4.5)10.00%
Fifth Third Bank-0.15%(4.5)10.21%
TCF Bank-0.15%(4.0)7.45%
Isabella Bank-0.12%(4.0)7.87%
Huntington National Bank-0.10%(4.0)7.87%
Mercantile Bank of Michigan-0.03%(3.5)4.04%
Independent Bank Michigan0.01%(3.5)11.49%
Caliber Home Loans0.03%(3.5)6.60%
Mortgage 1 Inc0.10%(3.0)4.47%
Quicken Loans0.13%(3.0)9.79%
Cason Home Loans0.14%(3.0)2.77%
Amerifirst Home Mortgage0.22%(2.5)17.45%
Lender NameRate DifferenceRate RatingMarket Share
Isabella Bank-0.12%(4.0)9.41%
TCF Bank-0.09%(4.0)11.29%
Lake Michigan Credit Union-0.07%(4.0)3.49%
Mercantile Bank of Michigan-0.07%(4.0)10.48%
Huntington National Bank-0.04%(3.5)7.26%
Independent Bank Michigan-0.02%(3.5)10.48%
Fifth Third Bank-0.02%(3.5)16.67%
Cason Home Loans0.04%(3.5)0.27%
Caliber Home Loans0.05%(3.5)1.88%
Mortgage 1 Inc0.06%(3.0)1.34%
Amerifirst Home Mortgage0.07%(3.0)6.45%
Quicken Loans0.16%(2.5)20.97%
Lender NameRate DifferenceRate RatingMarket Share
Huntington National Bank-0.16%(4.5)10.29%
Fifth Third Bank-0.12%(4.0)6.86%
Caliber Home Loans-0.09%(4.0)11.43%
Quicken Loans-0.09%(4.0)29.14%
Cason Home Loans-0.09%(4.0)9.71%
Lake Michigan Credit Union-0.08%(4.0)1.71%
TCF Bank-0.06%(4.0)0.57%
Independent Bank Michigan-0.05%(4.0)1.14%
Mercantile Bank of Michigan-0.05%(3.5)0.57%
Mortgage 1 Inc0.01%(3.5)5.14%
Amerifirst Home Mortgage0.31%(2.0)23.43%
Lender NameRate DifferenceRate RatingMarket Share
Huntington National Bank-0.22%(4.5)10.40%
Fifth Third Bank-0.17%(4.5)7.20%
Quicken Loans-0.16%(4.5)12.00%
Caliber Home Loans-0.12%(4.0)15.20%
Cason Home Loans-0.11%(4.0)13.60%
Lake Michigan Credit Union-0.10%(4.0)2.40%
TCF Bank-0.08%(4.0)0.80%
Independent Bank Michigan-0.08%(4.0)1.60%
Mercantile Bank of Michigan-0.07%(4.0)0.80%
Mortgage 1 Inc-0.01%(3.5)6.40%
Amerifirst Home Mortgage0.32%(2.0)29.60%
Lender NameRate DifferenceRate RatingMarket Share
Quicken Loans-0.01%(3.5)72.00%
Fifth Third Bank-0.00%(3.5)6.00%
Huntington National Bank0.01%(3.5)10.00%
Caliber Home Loans0.02%(3.5)2.00%
Mortgage 1 Inc0.03%(3.5)2.00%
Amerifirst Home Mortgage0.10%(3.0)8.00%
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Lender NameRate DifferenceRate RatingMarket Share
Fifth Third Bank-0.05%(4.0)3.45%
Huntington National Bank-0.05%(3.5)10.34%
TCF Bank-0.05%(3.5)1.72%
Caliber Home Loans-0.03%(3.5)8.62%
Independent Bank Michigan-0.00%(3.5)6.90%
Quicken Loans0.00%(3.5)51.72%
Mortgage 1 Inc0.04%(3.5)8.62%
Amerifirst Home Mortgage0.05%(3.5)8.62%
Lender NameRate DifferenceRate RatingMarket Share
Huntington National Bank-0.05%(4.0)9.09%
Fifth Third Bank-0.05%(4.0)6.06%
TCF Bank-0.04%(3.5)3.03%
Caliber Home Loans-0.03%(3.5)12.12%
Quicken Loans-0.01%(3.5)27.27%
Independent Bank Michigan-0.00%(3.5)12.12%
Mortgage 1 Inc0.05%(3.5)15.15%
Amerifirst Home Mortgage0.05%(3.0)15.15%
Lender NameRate DifferenceRate RatingMarket Share
Huntington National Bank-0.04%(3.5)12.00%
Caliber Home Loans-0.03%(3.5)4.00%
Quicken Loans0.01%(3.5)84.00%

* Data is compiled for the Big Rapids, MI commuting zone area, which comprises of counties of Lake County, MI, Mecosta County, MI, Missaukee County, MI, Osceola County, MI, and Wexford County, MI. This includes cities/towns/communities of Big Rapids, MI as well as Cadillac, MI, Lake City, MI, Canadian Lakes, MI, Haring, MI, Baldwin, MI, Buckley, MI, McBain, MI, Hersey, MI, Mecosta, MI, Morley, MI, Le Roy, MI, Manton, MI, Reed City, MI, Marion, MI, Caberfae, MI, Luther, MI, Evart, MI, and Barryton, MI. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.

Mortgage Lender Rankings in Other Cities

This page contains information about the top mortgage lenders in the Big Rapids, MI area. For mortgage lender rankings in other cities, click here.