Top Mortgage Lenders in the Big Rapids, MI area

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, we provide a data driven ranking of mortgage lenders in the Big Rapids, MI area by interest rate and market share. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings. We do not receive any compensation from lenders and strive to provide the most objective and authoritative ranking possible.

Based on our data, the cheapest overall lender in the Big Rapids, MI area is Lake Michigan Credit Union, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.15%. This means that Lake Michigan Credit Union provided a -0.15% lower interest rate for its customers than other lenders in Big Rapids, MI for a similar set of borrowers. Lake Michigan Credit Union has a market share of 5.4%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 17.8%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.07% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for 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, National Association. Nevertheless, to get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Lake Michigan Credit Union 1, -0.15% 5.41%
Isabella Bank 2, -0.14% 6.19%
TCF National Bank 3, -0.13% 6.79%
Huntington National Bank 4, -0.09% 7.56%
Fifth Third Bank, National Association 5, -0.09% 10.65%
Mercantile Bank Of Michigan 6, -0.07% 5.07%
Independent Bank 7, -0.02% 8.51%
Caliber Home Loans Inc 8, -0.00% 5.41%
Cason Home Loans 9, 0.03% 2.66%
Chemecal Bank 10, 0.04% 7.47%
Quicken Loans 11, 0.07% 17.78%
Mortgage 1 Incorporated 12, 0.07% 3.44%
Amerifirst Financial Corporation 13, 0.22% 13.06%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Lake Michigan Credit Union 1, -0.17% 7.39%
TCF National Bank 2, -0.16% 5.47%
Fifth Third Bank, National Association 3, -0.16% 8.71%
Isabella Bank 4, -0.14% 5.47%
Huntington National Bank 5, -0.13% 7.83%
Mercantile Bank Of Michigan 6, -0.05% 2.95%
Caliber Home Loans Inc 7, -0.02% 7.98%
Independent Bank 8, -0.01% 8.86%
Chemecal Bank 9, 0.01% 7.24%
Cason Home Loans 10, 0.02% 4.43%
Quicken Loans 11, 0.05% 10.34%
Mortgage 1 Incorporated 12, 0.07% 5.02%
Amerifirst Financial Corporation 13, 0.25% 18.32%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Isabella Bank 1, -0.13% 7.19%
TCF National Bank 2, -0.10% 8.62%
Lake Michigan Credit Union 3, -0.08% 2.67%
Mercantile Bank Of Michigan 4, -0.08% 8.01%
Huntington National Bank 5, -0.04% 7.19%
Independent Bank 6, -0.04% 8.01%
Fifth Third Bank, National Association 7, -0.03% 13.35%
Cason Home Loans 8, 0.03% 0.21%
Caliber Home Loans Inc 9, 0.03% 1.85%
Mortgage 1 Incorporated 10, 0.04% 1.23%
Amerifirst Financial Corporation 11, 0.07% 5.75%
Chemecal Bank 12, 0.08% 7.80%
Quicken Loans 13, 0.09% 28.13%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Lake Michigan Credit Union 1, -0.14% 6.51%
Isabella Bank 2, -0.13% 7.82%
TCF National Bank 3, -0.12% 8.36%
Fifth Third Bank, National Association 4, -0.08% 11.94%
Huntington National Bank 5, -0.08% 6.95%
Mercantile Bank Of Michigan 6, -0.06% 6.30%
Independent Bank 7, -0.01% 10.10%
Caliber Home Loans Inc 8, 0.03% 4.13%
Chemecal Bank 9, 0.06% 8.47%
Mortgage 1 Incorporated 10, 0.09% 2.82%
Cason Home Loans 11, 0.13% 1.52%
Quicken Loans 12, 0.14% 13.57%
Amerifirst Financial Corporation 13, 0.18% 11.51%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Lake Michigan Credit Union 1, -0.17% 9.18%
Fifth Third Bank, National Association 2, -0.15% 9.38%
TCF National Bank 3, -0.15% 6.84%
Isabella Bank 4, -0.12% 7.23%
Huntington National Bank 5, -0.11% 7.23%
Mercantile Bank Of Michigan 6, -0.04% 3.71%
Independent Bank 7, 0.00% 10.55%
Caliber Home Loans Inc 8, 0.02% 6.05%
Chemecal Bank 9, 0.04% 8.20%
Mortgage 1 Incorporated 10, 0.10% 4.10%
Quicken Loans 11, 0.12% 8.98%
Cason Home Loans 12, 0.14% 2.54%
Amerifirst Financial Corporation 13, 0.22% 16.02%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Isabella Bank 1, -0.13% 8.56%
TCF National Bank 2, -0.10% 10.27%
Lake Michigan Credit Union 3, -0.08% 3.18%
Mercantile Bank Of Michigan 4, -0.07% 9.54%
Huntington National Bank 5, -0.05% 6.60%
Independent Bank 6, -0.03% 9.54%
Fifth Third Bank, National Association 7, -0.03% 15.16%
Cason Home Loans 8, 0.03% 0.24%
Caliber Home Loans Inc 9, 0.04% 1.71%
Mortgage 1 Incorporated 10, 0.05% 1.22%
Amerifirst Financial Corporation 11, 0.07% 5.87%
Chemecal Bank 12, 0.09% 8.80%
Quicken Loans 13, 0.14% 19.32%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.16% 9.89%
Fifth Third Bank, National Association 2, -0.12% 6.59%
Chemecal Bank 3, -0.09% 3.85%
Caliber Home Loans Inc 4, -0.09% 10.99%
Quicken Loans 5, -0.09% 28.02%
Cason Home Loans 6, -0.09% 9.34%
Lake Michigan Credit Union 7, -0.07% 1.65%
TCF National Bank 8, -0.06% 0.55%
Independent Bank 9, -0.05% 1.10%
Mercantile Bank Of Michigan 10, -0.04% 0.55%
Mortgage 1 Incorporated 11, 0.01% 4.95%
Amerifirst Financial Corporation 12, 0.32% 22.53%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.22% 9.92%
Fifth Third Bank, National Association 2, -0.16% 6.87%
Quicken Loans 3, -0.15% 11.45%
Chemecal Bank 4, -0.12% 4.58%
Caliber Home Loans Inc 5, -0.11% 14.50%
Cason Home Loans 6, -0.11% 12.98%
Lake Michigan Credit Union 7, -0.10% 2.29%
TCF National Bank 8, -0.08% 0.76%
Independent Bank 9, -0.07% 1.53%
Mercantile Bank Of Michigan 10, -0.06% 0.76%
Mortgage 1 Incorporated 11, -0.01% 6.11%
Amerifirst Financial Corporation 12, 0.32% 28.24%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 70.59%
Fifth Third Bank, National Association 2, -0.00% 5.88%
Huntington National Bank 3, 0.00% 9.80%
Caliber Home Loans Inc 4, 0.02% 1.96%
Chemecal Bank 5, 0.03% 1.96%
Mortgage 1 Incorporated 6, 0.03% 1.96%
Amerifirst Financial Corporation 7, 0.10% 7.84%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fifth Third Bank, National Association 1, -0.05% 3.28%
Huntington National Bank 2, -0.05% 9.84%
TCF National Bank 3, -0.05% 1.64%
Caliber Home Loans Inc 4, -0.03% 8.20%
Chemecal Bank 5, -0.02% 3.28%
Independent Bank 6, -0.00% 6.56%
Quicken Loans 7, 0.00% 50.82%
Mortgage 1 Incorporated 8, 0.05% 8.20%
Amerifirst Financial Corporation 9, 0.05% 8.20%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.05% 8.82%
Fifth Third Bank, National Association 2, -0.05% 5.88%
TCF National Bank 3, -0.04% 2.94%
Caliber Home Loans Inc 4, -0.03% 11.76%
Chemecal Bank 5, -0.02% 2.94%
Quicken Loans 6, -0.01% 26.47%
Independent Bank 7, -0.00% 11.76%
Mortgage 1 Incorporated 8, 0.05% 14.71%
Amerifirst Financial Corporation 9, 0.05% 14.71%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.04% 11.11%
Caliber Home Loans Inc 2, -0.03% 3.70%
Chemecal Bank 3, -0.02% 3.70%
Quicken Loans 4, 0.01% 81.48%

* 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 for the data comes from 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 based on the MSA, 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.

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