Top Mortgage Lenders in the Gaylord, MI area

Which mortgage lender in the Gaylord, 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 Gaylord, 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 Gaylord, MI area is Community Financial Credit Union, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.21%. This means that Community Financial Credit Union provided a -0.21% lower interest rate for its customers than other lenders in Gaylord, MI for a similar set of borrowers. Community Financial Credit Union has a market share of 12.2%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 31.6%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.12% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Gaylord, 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 Gaylord, MI is Community Financial Credit Union. If you want to take out a loan that is above conforming limits (for example, above $510,400 in 2020), the cheapest Jumbo mortgage provider is JPMorgan Chase 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 Huntington National Bank. To get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders by “Rate Rank” for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Community Financial Credit Union 1, -0.21% 12.22%
MBank 2, -0.15% 10.79%
Huntington National Bank 3, -0.09% 8.04%
Fifth Third Bank, National Association 4, -0.08% 6.72%
TCF National Bank 5, -0.08% 6.06%
JPMorgan Chase Bank 6, -0.01% 3.52%
Pnc Bank 7, 0.01% 6.28%
Chemecal Bank 8, 0.04% 4.07%
Quicken Loans 9, 0.12% 31.61%
Amerifirst Financial Corporation 10, 0.17% 10.68%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Community Financial Credit Union 1, -0.18% 9.02%
Fifth Third Bank, National Association 2, -0.13% 6.21%
Huntington National Bank 3, -0.13% 11.02%
MBank 4, -0.12% 11.02%
TCF National Bank 5, -0.11% 4.41%
Pnc Bank 6, -0.05% 5.61%
JPMorgan Chase Bank 7, -0.01% 4.01%
Chemecal Bank 8, 0.01% 5.01%
Quicken Loans 9, 0.11% 25.85%
Amerifirst Financial Corporation 10, 0.17% 17.84%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Community Financial Credit Union 1, -0.22% 16.14%
MBank 2, -0.18% 10.51%
TCF National Bank 3, -0.05% 8.07%
Fifth Third Bank, National Association 4, -0.03% 7.33%
JPMorgan Chase Bank 5, -0.02% 2.93%
Huntington National Bank 6, 0.01% 4.40%
Amerifirst Financial Corporation 7, 0.03% 1.96%
Pnc Bank 8, 0.06% 7.09%
Chemecal Bank 9, 0.09% 2.93%
Quicken Loans 10, 0.14% 38.63%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Community Financial Credit Union 1, -0.20% 15.50%
MBank 2, -0.13% 13.69%
Fifth Third Bank, National Association 3, -0.07% 7.40%
TCF National Bank 4, -0.07% 6.98%
Huntington National Bank 5, -0.06% 7.40%
JPMorgan Chase Bank 6, -0.00% 4.33%
Pnc Bank 7, 0.02% 7.26%
Amerifirst Financial Corporation 8, 0.06% 6.28%
Chemecal Bank 9, 0.06% 4.47%
Quicken Loans 10, 0.21% 26.68%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Community Financial Credit Union 1, -0.15% 12.20%
Fifth Third Bank, National Association 2, -0.12% 7.86%
MBank 3, -0.10% 14.91%
TCF National Bank 4, -0.10% 4.61%
Huntington National Bank 5, -0.09% 10.03%
Pnc Bank 6, -0.02% 6.23%
JPMorgan Chase Bank 7, 0.01% 5.42%
Chemecal Bank 8, 0.04% 5.69%
Amerifirst Financial Corporation 9, 0.06% 10.30%
Quicken Loans 10, 0.22% 22.76%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Community Financial Credit Union 1, -0.22% 19.02%
MBank 2, -0.18% 12.39%
TCF National Bank 3, -0.05% 9.51%
Fifth Third Bank, National Association 4, -0.02% 6.92%
JPMorgan Chase Bank 5, -0.02% 3.17%
Huntington National Bank 6, 0.01% 4.61%
Amerifirst Financial Corporation 7, 0.03% 2.02%
Pnc Bank 8, 0.06% 8.36%
Chemecal Bank 9, 0.09% 3.17%
Quicken Loans 10, 0.20% 30.84%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.23% 10.85%
TCF National Bank 2, -0.12% 3.10%
Quicken Loans 3, -0.10% 48.06%
Pnc Bank 4, -0.10% 3.10%
Fifth Third Bank, National Association 5, -0.09% 6.20%
Chemecal Bank 6, -0.06% 1.55%
Amerifirst Financial Corporation 7, 0.31% 27.13%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.26% 14.29%
TCF National Bank 2, -0.15% 4.08%
Quicken Loans 3, -0.13% 37.76%
Pnc Bank 4, -0.13% 4.08%
Chemecal Bank 5, -0.09% 2.04%
Fifth Third Bank, National Association 6, -0.08% 2.04%
Amerifirst Financial Corporation 7, 0.28% 35.71%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fifth Third Bank, National Association 1, -0.00% 19.35%
Quicken Loans 2, 0.00% 80.65%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
JPMorgan Chase Bank 1, 0.00% 100.00%
Insufficient data available.
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
JPMorgan Chase Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.05% 9.68%
Chemecal Bank 2, -0.04% 4.84%
TCF National Bank 3, -0.04% 1.61%
Quicken Loans 4, -0.02% 54.84%
Pnc Bank 5, -0.01% 1.61%
Amerifirst Financial Corporation 6, 0.07% 27.42%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.08% 12.50%
Chemecal Bank 2, -0.07% 6.25%
TCF National Bank 3, -0.06% 3.12%
Quicken Loans 4, -0.04% 25.00%
Pnc Bank 5, -0.04% 3.12%
Amerifirst Financial Corporation 6, 0.05% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.03% 6.67%
Amerifirst Financial Corporation 2, -0.01% 3.33%
Chemecal Bank 3, -0.01% 3.33%
Quicken Loans 4, 0.00% 86.67%

* Data is compiled for the Gaylord, MI commuting zone area, which comprises of counties of Alcona County, MI, Alpena County, MI, Iosco County, MI, Montmorency County, MI, Otsego County, MI, and Presque Isle County, MI. This includes cities/towns/communities of Gaylord, MI as well as Alpena, MI, East Tawas, MI, Lewiston, MI, Ossineke, MI, Hillman, MI, Rogers City, MI, Vanderbilt, MI, Sand Lake, MI, Oscoda, MI, Lost Lake Woods, MI, Harrisville, MI, Presque Isle Harbor, MI, Tawas City, MI, Atlanta, MI, Lincoln, MI, Posen, MI, and Onaway, 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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