Top Mortgage Lenders in Midland, MI

Which mortgage lender in the Midland, 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 Midland, 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 Midland, MI area in terms of interest rate is Isabella Bank, with an average “Rate Difference” of -0.19%. This means that, comparing similar borrowers, Isabella Bank provided a -0.19% lower interest rate for its customers than other lenders in the area. Isabella Bank has a market share of 4.6%. On the other hand, the most popular lender in the Midland, MI area is Quicken Loans, with a larger market share of 13.0%. 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 Midland, 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 Midland, MI is Isabella Bank. If you want to take out a loan that is above conforming limits (for example, above $548,250 in 2021), the cheapest Jumbo mortgage provider is Fifth Third Bank. 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 Navy Federal Credit Union. 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 Midland, MI

Mortgage Type:
Purchase/Refinance:
Lender NameRate DifferenceRate RatingMarket Share
Isabella Bank-0.19%(4.5)4.57%
Huntington National Bank-0.17%(4.5)4.61%
Navy Federal Credit Union-0.12%(4.0)0.55%
TCF Bank-0.10%(4.0)2.20%
Mercantile Bank of Michigan-0.09%(4.0)4.44%
Lake Michigan Credit Union-0.09%(4.0)3.38%
Frankenmuth Credit Union-0.09%(4.0)6.07%
Dow Chemical Employees Credit Union-0.09%(4.0)11.40%
Fifth Third Bank-0.07%(4.0)2.49%
United Bay Community Credit Union-0.06%(4.0)1.14%
Health Advantage Credit Union-0.06%(4.0)1.14%
MSU Federal Credit Union-0.05%(4.0)0.66%
Bank of America-0.04%(3.5)0.59%
USAA-0.04%(3.5)1.06%
Independent Bank Michigan-0.03%(3.5)4.09%
Wanigas Credit Union-0.01%(3.5)4.34%
JPMorgan Chase Bank-0.01%(3.5)1.73%
The State Bank-0.00%(3.5)0.55%
Wells Fargo Bank0.00%(3.5)1.21%
Caliber Home Loans0.01%(3.5)0.52%
loanDepot0.01%(3.5)0.87%
Carrington Mortgage Services0.02%(3.5)0.64%
Towne Mortgage Company0.02%(3.5)1.09%
PNC Bank0.03%(3.5)3.41%
Members First Credit Union MI0.05%(3.0)3.18%
Horicon Bank IN0.06%(3.0)0.86%
Quicken Loans0.07%(3.0)12.98%
Mortgage 1 Inc0.09%(3.0)0.91%
Amerifirst Home Mortgage0.13%(3.0)0.92%
Flagstar Bank0.15%(2.5)2.34%
Union Home Mortgage0.15%(2.5)1.50%
Mr. Cooper0.15%(2.5)0.71%
PrimeLending0.15%(2.5)3.80%
Academy Mortgage Corporation Utah0.20%(2.5)9.40%
GreenStone Farm Credit Services0.24%(2.5)0.64%
Lender NameRate DifferenceRate RatingMarket Share
Wanigas Credit Union-0.27%(5.0)3.09%
Huntington National Bank-0.21%(4.5)5.43%
TCF Bank-0.15%(4.5)1.87%
Isabella Bank-0.15%(4.0)4.15%
Navy Federal Credit Union-0.15%(4.0)0.84%
Lake Michigan Credit Union-0.12%(4.0)4.62%
Dow Chemical Employees Credit Union-0.11%(4.0)10.05%
Mercantile Bank of Michigan-0.08%(4.0)3.90%
Bank of America-0.08%(4.0)0.61%
Fifth Third Bank-0.07%(4.0)2.34%
Health Advantage Credit Union-0.06%(4.0)1.50%
MSU Federal Credit Union-0.06%(4.0)0.84%
USAA-0.06%(4.0)1.62%
JPMorgan Chase Bank-0.05%(4.0)1.70%
PNC Bank-0.04%(3.5)1.39%
Wells Fargo Bank-0.02%(3.5)1.53%
Caliber Home Loans-0.01%(3.5)0.64%
The State Bank-0.01%(3.5)0.39%
Independent Bank Michigan-0.01%(3.5)4.96%
United Bay Community Credit Union0.01%(3.5)0.81%
Towne Mortgage Company0.01%(3.5)1.34%
loanDepot0.02%(3.5)0.25%
Members First Credit Union MI0.02%(3.5)2.37%
Mr. Cooper0.03%(3.5)0.19%
Quicken Loans0.03%(3.5)8.55%
Carrington Mortgage Services0.03%(3.5)0.45%
Frankenmuth Credit Union0.05%(3.5)6.04%
Horicon Bank IN0.05%(3.5)0.95%
Mortgage 1 Inc0.08%(3.0)1.28%
PrimeLending0.15%(3.0)5.26%
Flagstar Bank0.16%(2.5)3.06%
Amerifirst Home Mortgage0.16%(2.5)1.06%
Union Home Mortgage0.17%(2.5)2.09%
Academy Mortgage Corporation Utah0.20%(2.5)14.04%
GreenStone Farm Credit Services0.27%(2.0)0.81%
Lender NameRate DifferenceRate RatingMarket Share
Frankenmuth Credit Union-0.30%(5.0)6.11%
Isabella Bank-0.23%(4.5)5.22%
United Bay Community Credit Union-0.11%(4.0)1.66%
Mercantile Bank of Michigan-0.10%(4.0)5.26%
Independent Bank Michigan-0.09%(4.0)2.76%
Huntington National Bank-0.09%(4.0)3.35%
Health Advantage Credit Union-0.07%(4.0)0.59%
Fifth Third Bank-0.07%(4.0)2.72%
Dow Chemical Employees Credit Union-0.05%(4.0)13.46%
MSU Federal Credit Union-0.05%(3.5)0.38%
TCF Bank-0.03%(3.5)2.72%
Lake Michigan Credit Union0.00%(3.5)1.49%
Union Home Mortgage0.01%(3.5)0.59%
Navy Federal Credit Union0.01%(3.5)0.13%
The State Bank0.01%(3.5)0.81%
Bank of America0.01%(3.5)0.55%
loanDepot0.02%(3.5)1.83%
Carrington Mortgage Services0.02%(3.5)0.93%
USAA0.02%(3.5)0.21%
Caliber Home Loans0.05%(3.5)0.34%
Mortgage 1 Inc0.05%(3.0)0.34%
Towne Mortgage Company0.05%(3.0)0.72%
Amerifirst Home Mortgage0.06%(3.0)0.72%
JPMorgan Chase Bank0.06%(3.0)1.78%
PNC Bank0.07%(3.0)6.49%
Wells Fargo Bank0.07%(3.0)0.72%
Horicon Bank IN0.08%(3.0)0.72%
Academy Mortgage Corporation Utah0.08%(3.0)2.33%
Members First Credit Union MI0.08%(3.0)4.41%
Flagstar Bank0.09%(3.0)1.23%
GreenStone Farm Credit Services0.10%(3.0)0.38%
Quicken Loans0.10%(3.0)19.74%
PrimeLending0.15%(3.0)1.57%
Wanigas Credit Union0.19%(2.5)6.24%
Mr. Cooper0.19%(2.5)1.49%
Lender NameRate DifferenceRate RatingMarket Share
Isabella Bank-0.18%(4.5)5.73%
TCF Bank-0.10%(4.0)2.46%
Mercantile Bank of Michigan-0.09%(4.0)5.39%
Huntington National Bank-0.09%(4.0)3.99%
Frankenmuth Credit Union-0.09%(4.0)7.64%
Dow Chemical Employees Credit Union-0.08%(4.0)14.40%
Fifth Third Bank-0.08%(4.0)2.68%
United Bay Community Credit Union-0.06%(4.0)1.44%
Health Advantage Credit Union-0.05%(4.0)1.44%
Lake Michigan Credit Union-0.05%(3.5)3.21%
MSU Federal Credit Union-0.05%(3.5)0.83%
Bank of America-0.04%(3.5)0.70%
Independent Bank Michigan-0.03%(3.5)4.54%
loanDepot-0.02%(3.5)0.49%
Wanigas Credit Union-0.01%(3.5)5.48%
JPMorgan Chase Bank-0.00%(3.5)2.14%
The State Bank0.00%(3.5)0.70%
Wells Fargo Bank0.01%(3.5)1.42%
Caliber Home Loans0.02%(3.5)0.40%
PNC Bank0.04%(3.5)4.18%
USAA0.04%(3.5)0.34%
Members First Credit Union MI0.06%(3.0)4.01%
Carrington Mortgage Services0.06%(3.0)0.19%
Towne Mortgage Company0.07%(3.0)0.55%
Horicon Bank IN0.07%(3.0)0.91%
Amerifirst Home Mortgage0.10%(3.0)0.57%
Mortgage 1 Inc0.10%(3.0)0.76%
Navy Federal Credit Union0.10%(3.0)0.15%
PrimeLending0.14%(3.0)3.46%
Quicken Loans0.15%(3.0)9.49%
Flagstar Bank0.18%(2.5)2.02%
Union Home Mortgage0.19%(2.5)1.10%
Academy Mortgage Corporation Utah0.21%(2.5)5.80%
Mr. Cooper0.22%(2.5)0.53%
GreenStone Farm Credit Services0.24%(2.5)0.81%
Lender NameRate DifferenceRate RatingMarket Share
Wanigas Credit Union-0.26%(5.0)4.17%
TCF Bank-0.16%(4.5)2.07%
Isabella Bank-0.14%(4.0)5.57%
Dow Chemical Employees Credit Union-0.11%(4.0)13.58%
Huntington National Bank-0.09%(4.0)4.25%
Bank of America-0.08%(4.0)0.75%
Mercantile Bank of Michigan-0.08%(4.0)4.89%
Fifth Third Bank-0.07%(4.0)2.48%
Lake Michigan Credit Union-0.07%(4.0)4.40%
Health Advantage Credit Union-0.05%(4.0)2.03%
MSU Federal Credit Union-0.05%(4.0)1.13%
JPMorgan Chase Bank-0.05%(3.5)2.26%
PNC Bank-0.03%(3.5)1.77%
Wells Fargo Bank-0.02%(3.5)1.92%
The State Bank-0.01%(3.5)0.53%
Independent Bank Michigan-0.00%(3.5)5.68%
Caliber Home Loans0.00%(3.5)0.53%
United Bay Community Credit Union0.01%(3.5)1.09%
Members First Credit Union MI0.03%(3.5)3.20%
USAA0.03%(3.5)0.53%
Mr. Cooper0.03%(3.5)0.15%
loanDepot0.05%(3.5)0.08%
Frankenmuth Credit Union0.05%(3.0)8.12%
Carrington Mortgage Services0.06%(3.0)0.23%
Horicon Bank IN0.07%(3.0)0.98%
Towne Mortgage Company0.08%(3.0)0.53%
Navy Federal Credit Union0.09%(3.0)0.26%
Mortgage 1 Inc0.10%(3.0)1.13%
Quicken Loans0.11%(3.0)6.36%
Amerifirst Home Mortgage0.12%(3.0)0.64%
PrimeLending0.13%(3.0)4.85%
Flagstar Bank0.21%(2.5)2.67%
Academy Mortgage Corporation Utah0.23%(2.5)8.61%
Union Home Mortgage0.24%(2.5)1.50%
GreenStone Farm Credit Services0.28%(2.0)1.09%
Lender NameRate DifferenceRate RatingMarket Share
Frankenmuth Credit Union-0.29%(5.0)7.02%
Isabella Bank-0.23%(4.5)5.95%
United Bay Community Credit Union-0.10%(4.0)1.90%
Mercantile Bank of Michigan-0.10%(4.0)6.05%
Independent Bank Michigan-0.09%(4.0)3.07%
Huntington National Bank-0.09%(4.0)3.66%
Fifth Third Bank-0.08%(4.0)2.93%
Health Advantage Credit Union-0.07%(4.0)0.68%
Dow Chemical Employees Credit Union-0.05%(4.0)15.46%
MSU Federal Credit Union-0.04%(3.5)0.44%
TCF Bank-0.03%(3.5)2.98%
loanDepot-0.01%(3.5)1.02%
Union Home Mortgage-0.00%(3.5)0.59%
Lake Michigan Credit Union0.00%(3.5)1.66%
The State Bank0.01%(3.5)0.93%
Bank of America0.02%(3.5)0.63%
USAA0.04%(3.5)0.10%
Carrington Mortgage Services0.05%(3.5)0.15%
Mortgage 1 Inc0.05%(3.0)0.29%
Amerifirst Home Mortgage0.06%(3.0)0.49%
Towne Mortgage Company0.06%(3.0)0.59%
Caliber Home Loans0.06%(3.0)0.24%
JPMorgan Chase Bank0.06%(3.0)2.00%
PNC Bank0.07%(3.0)7.32%
Wells Fargo Bank0.08%(3.0)0.78%
Academy Mortgage Corporation Utah0.08%(3.0)2.15%
Horicon Bank IN0.08%(3.0)0.83%
Members First Credit Union MI0.08%(3.0)5.07%
GreenStone Farm Credit Services0.10%(3.0)0.44%
Flagstar Bank0.11%(3.0)1.17%
PrimeLending0.15%(2.5)1.66%
Quicken Loans0.18%(2.5)13.56%
Wanigas Credit Union0.19%(2.5)7.17%
Mr. Cooper0.26%(2.0)1.02%
Lender NameRate DifferenceRate RatingMarket Share
Huntington National Bank-0.42%(5.0)8.10%
Lake Michigan Credit Union-0.27%(5.0)4.54%
TCF Bank-0.11%(4.0)0.97%
Mercantile Bank of Michigan-0.09%(4.0)1.08%
Fifth Third Bank-0.08%(4.0)1.62%
Quicken Loans-0.08%(4.0)27.11%
Caliber Home Loans-0.05%(3.5)0.97%
Towne Mortgage Company-0.03%(3.5)3.67%
Carrington Mortgage Services-0.02%(3.5)2.05%
Independent Bank Michigan-0.02%(3.5)2.38%
PNC Bank-0.01%(3.5)0.32%
Horicon Bank IN-0.00%(3.5)0.65%
Navy Federal Credit Union0.00%(3.5)0.11%
Wells Fargo Bank0.01%(3.5)0.32%
loanDepot0.03%(3.5)0.97%
Mr. Cooper0.04%(3.5)1.51%
Mortgage 1 Inc0.06%(3.0)1.73%
Union Home Mortgage0.08%(3.0)2.70%
Flagstar Bank0.08%(3.0)3.78%
Amerifirst Home Mortgage0.16%(2.5)2.38%
Academy Mortgage Corporation Utah0.19%(2.5)27.75%
PrimeLending0.20%(2.5)5.29%
Lender NameRate DifferenceRate RatingMarket Share
Huntington National Bank-0.44%(5.0)10.06%
Lake Michigan Credit Union-0.28%(5.0)5.79%
TCF Bank-0.13%(4.0)1.10%
Mercantile Bank of Michigan-0.10%(4.0)1.38%
Quicken Loans-0.10%(4.0)16.25%
Fifth Third Bank-0.10%(4.0)1.79%
Caliber Home Loans-0.06%(4.0)1.10%
Towne Mortgage Company-0.04%(3.5)3.99%
Independent Bank Michigan-0.03%(3.5)2.75%
Carrington Mortgage Services-0.03%(3.5)0.96%
PNC Bank-0.01%(3.5)0.14%
Horicon Bank IN-0.01%(3.5)0.83%
Navy Federal Credit Union-0.01%(3.5)0.14%
loanDepot0.00%(3.5)0.55%
Mr. Cooper0.01%(3.5)0.41%
Wells Fargo Bank0.01%(3.5)0.28%
Mortgage 1 Inc0.05%(3.5)2.07%
Union Home Mortgage0.07%(3.0)3.31%
Flagstar Bank0.08%(3.0)4.55%
Academy Mortgage Corporation Utah0.18%(2.5)34.16%
PrimeLending0.19%(2.5)6.34%
Amerifirst Home Mortgage0.22%(2.5)2.07%
Lender NameRate DifferenceRate RatingMarket Share
Quicken Loans-0.03%(3.5)66.50%
Carrington Mortgage Services0.01%(3.5)6.00%
Huntington National Bank0.01%(3.5)1.00%
Fifth Third Bank0.03%(3.5)1.00%
Caliber Home Loans0.03%(3.5)0.50%
PNC Bank0.03%(3.5)1.00%
TCF Bank0.03%(3.5)0.50%
Towne Mortgage Company0.03%(3.5)2.50%
Wells Fargo Bank0.04%(3.5)0.50%
Independent Bank Michigan0.05%(3.0)1.00%
Amerifirst Home Mortgage0.06%(3.0)3.50%
Mortgage 1 Inc0.06%(3.0)0.50%
Flagstar Bank0.07%(3.0)1.00%
Union Home Mortgage0.07%(3.0)0.50%
loanDepot0.08%(3.0)2.50%
PrimeLending0.08%(3.0)1.50%
Mr. Cooper0.09%(3.0)5.50%
Academy Mortgage Corporation Utah0.11%(3.0)4.50%
Lender NameRate DifferenceRate RatingMarket Share
Fifth Third Bank-0.01%(3.5)16.67%
Frankenmuth Credit Union-0.00%(3.5)16.67%
Isabella Bank-0.00%(3.5)33.33%
JPMorgan Chase Bank0.00%(3.5)16.67%
Lake Michigan Credit Union0.01%(3.5)16.67%
Lender NameRate DifferenceRate RatingMarket Share
Fifth Third Bank-0.01%(3.5)20.00%
Frankenmuth Credit Union-0.00%(3.5)20.00%
Isabella Bank-0.00%(3.5)20.00%
JPMorgan Chase Bank0.00%(3.5)20.00%
Lake Michigan Credit Union0.01%(3.5)20.00%
Lender NameRate DifferenceRate RatingMarket Share
Isabella Bank0.00%(3.5)100.00%
Lender NameRate DifferenceRate RatingMarket Share
Navy Federal Credit Union-0.20%(4.5)8.17%
USAA-0.08%(4.0)15.36%
Lake Michigan Credit Union-0.04%(3.5)2.29%
TCF Bank-0.03%(3.5)1.96%
Bank of America-0.01%(3.5)0.65%
Independent Bank Michigan-0.01%(3.5)2.29%
Fifth Third Bank-0.00%(3.5)1.96%
Huntington National Bank0.01%(3.5)3.59%
Horicon Bank IN0.01%(3.5)0.65%
Wells Fargo Bank0.01%(3.5)0.65%
PNC Bank0.01%(3.5)0.98%
loanDepot0.01%(3.5)6.54%
Caliber Home Loans0.02%(3.5)0.98%
Towne Mortgage Company0.02%(3.5)1.63%
Mortgage 1 Inc0.02%(3.5)0.65%
JPMorgan Chase Bank0.03%(3.5)0.33%
Carrington Mortgage Services0.03%(3.5)3.27%
Flagstar Bank0.03%(3.5)2.94%
Quicken Loans0.03%(3.5)24.18%
Academy Mortgage Corporation Utah0.06%(3.0)9.48%
Mr. Cooper0.07%(3.0)0.98%
Union Home Mortgage0.11%(3.0)3.92%
PrimeLending0.12%(3.0)4.58%
Amerifirst Home Mortgage0.13%(3.0)1.96%
Lender NameRate DifferenceRate RatingMarket Share
Navy Federal Credit Union-0.22%(4.5)10.95%
USAA-0.07%(4.0)21.89%
Lake Michigan Credit Union-0.05%(3.5)2.99%
TCF Bank-0.03%(3.5)1.99%
Bank of America-0.00%(3.5)1.00%
Independent Bank Michigan0.00%(3.5)3.48%
loanDepot0.00%(3.5)1.49%
Fifth Third Bank0.01%(3.5)1.99%
PNC Bank0.01%(3.5)1.00%
Huntington National Bank0.01%(3.5)4.48%
Horicon Bank IN0.02%(3.5)1.00%
Wells Fargo Bank0.02%(3.5)1.00%
Towne Mortgage Company0.02%(3.5)2.49%
Mortgage 1 Inc0.04%(3.5)0.50%
Caliber Home Loans0.05%(3.5)0.50%
Flagstar Bank0.05%(3.5)2.99%
Quicken Loans0.07%(3.0)9.95%
Academy Mortgage Corporation Utah0.07%(3.0)13.43%
Carrington Mortgage Services0.09%(3.0)1.49%
Union Home Mortgage0.13%(3.0)5.47%
PrimeLending0.13%(3.0)6.97%
Amerifirst Home Mortgage0.14%(3.0)2.99%
Lender NameRate DifferenceRate RatingMarket Share
USAA-0.03%(3.5)2.86%
Navy Federal Credit Union-0.03%(3.5)2.86%
Huntington National Bank-0.02%(3.5)1.90%
TCF Bank-0.02%(3.5)1.90%
Fifth Third Bank-0.02%(3.5)1.90%
Caliber Home Loans-0.01%(3.5)1.90%
Academy Mortgage Corporation Utah-0.01%(3.5)1.90%
Carrington Mortgage Services-0.01%(3.5)6.67%
Mortgage 1 Inc-0.01%(3.5)0.95%
Flagstar Bank-0.01%(3.5)2.86%
loanDepot-0.00%(3.5)16.19%
PNC Bank-0.00%(3.5)0.95%
Lake Michigan Credit Union0.00%(3.5)0.95%
Quicken Loans0.00%(3.5)51.43%
Union Home Mortgage0.01%(3.5)0.95%
JPMorgan Chase Bank0.01%(3.5)0.95%
Mr. Cooper0.06%(3.0)2.86%

* Data is compiled for the Midland, MI commuting zone area, which comprises of counties of Arenac County, MI, Bay County, MI, Clare County, MI, Gladwin County, MI, Gratiot County, MI, Isabella County, MI, Midland County, MI, and Saginaw County, MI. This includes cities/towns/communities of Midland, MI as well as Bay City, MI, Mount Pleasant, MI, Saginaw, MI, Freeland, MI, Frankenmuth, MI, Shields, MI, Auburn, MI, St. Charles, MI, Alma, MI, Ithaca, MI, Birch Run, MI, Bridgeport, MI, Sanford, MI, Clare, MI, Weidman, MI, Chesaning, MI, Sterling, MI, Harrison, MI, Essexville, MI, Loomis, MI, Rosebush, MI, Hemlock, MI, Burt, MI, Perrinton, MI, Clare, MI, Coleman, MI, St. Louis, MI, Farwell, MI, Gladwin, MI, Beaverton, MI, Oakley, MI, Shepherd, MI, Pinconning, MI, Standish, MI, Breckenridge, MI, Au Gres, MI, Reese, MI, Twining, MI, Ashley, MI, Buena Vista, MI, Merrill, MI, and Robin Glen-Indiantown, 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

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