Top Mortgage Lenders in the Midland, MI area

Which mortgage lender in the Midland, 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 Midland, 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 Midland, MI area is Isabella Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.19%. This means that Isabella Bank provided a -0.19% lower interest rate for its customers than other lenders in Midland, MI for a similar set of borrowers. Isabella Bank has a market share of 4.5%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 12.7%. 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 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 $510,400 in 2020), the cheapest Jumbo mortgage provider is Fifth Third Bank, National Association. 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. 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
Isabella Bank 1, -0.19% 4.46%
Huntington National Bank 2, -0.17% 4.49%
Navy Federal Credit Union 3, -0.12% 0.54%
TCF National Bank 4, -0.10% 2.15%
Mercantile Bank Of Michigan 5, -0.09% 4.33%
Lake Michigan Credit Union 6, -0.09% 3.30%
Frankenmuth Credit Union 7, -0.09% 5.92%
Dow Chemical Employees Credit Union 8, -0.09% 11.12%
Fifth Third Bank, National Association 9, -0.08% 2.43%
United Bay Community Credit Un 10, -0.06% 1.12%
Health Advantage Federal Credi 11, -0.06% 1.12%
Michigan State University Federal Credit Union 12, -0.05% 0.64%
Bank of America 13, -0.05% 0.57%
Usaa Federal Savings Bank 14, -0.04% 1.03%
Independent Bank 15, -0.03% 3.98%
Wanigas Credit Union 16, -0.01% 4.23%
JPMorgan Chase Bank 17, -0.01% 1.69%
11406 18, -0.00% 0.54%
Wells Fargo Bank 19, 0.00% 1.18%
Caliber Home Loans Inc 20, 0.01% 0.51%
LoanDepot 21, 0.01% 0.85%
Carrington Mortgage Services 22, 0.02% 0.62%
Towne Mortgage Company 23, 0.02% 1.07%
Pnc Bank 24, 0.03% 3.33%
Members First Credit Union 25, 0.05% 3.10%
Chemecal Bank 26, 0.06% 2.44%
Horizon Bank 27, 0.06% 0.84%
Quicken Loans 28, 0.07% 12.68%
Mortgage 1 Incorporated 29, 0.09% 0.89%
Amerifirst Financial Corporation 30, 0.13% 0.90%
Flagstar Bank 31, 0.15% 2.28%
Union Home Mortgage Company 32, 0.15% 1.46%
Nationstar Mortgage 33, 0.15% 0.69%
Primelending 34, 0.15% 3.71%
Academy Mortgage Corporation 35, 0.20% 9.18%
GreenStone Farm Credit Services 36, 0.23% 0.62%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wanigas Credit Union 1, -0.27% 3.00%
Huntington National Bank 2, -0.21% 5.27%
TCF National Bank 3, -0.15% 1.81%
Isabella Bank 4, -0.15% 4.02%
Navy Federal Credit Union 5, -0.15% 0.81%
Lake Michigan Credit Union 6, -0.12% 4.48%
Dow Chemical Employees Credit Union 7, -0.11% 9.75%
Mercantile Bank Of Michigan 8, -0.08% 3.78%
Bank of America 9, -0.08% 0.59%
Fifth Third Bank, National Association 10, -0.08% 2.27%
Health Advantage Federal Credi 11, -0.06% 1.46%
Michigan State University Federal Credit Union 12, -0.06% 0.81%
Usaa Federal Savings Bank 13, -0.06% 1.57%
JPMorgan Chase Bank 14, -0.05% 1.65%
Pnc Bank 15, -0.04% 1.35%
Wells Fargo Bank 16, -0.03% 1.49%
Caliber Home Loans Inc 17, -0.01% 0.62%
11406 18, -0.01% 0.38%
Independent Bank 19, -0.01% 4.81%
United Bay Community Credit Un 20, 0.01% 0.78%
Towne Mortgage Company 21, 0.01% 1.30%
LoanDepot 22, 0.02% 0.24%
Members First Credit Union 23, 0.02% 2.30%
Nationstar Mortgage 24, 0.03% 0.19%
Quicken Loans 25, 0.03% 8.29%
Carrington Mortgage Services 26, 0.03% 0.43%
Chemecal Bank 27, 0.04% 3.00%
Frankenmuth Credit Union 28, 0.05% 5.86%
Horizon Bank 29, 0.05% 0.92%
Mortgage 1 Incorporated 30, 0.08% 1.24%
Primelending 31, 0.15% 5.10%
Flagstar Bank 32, 0.16% 2.97%
Amerifirst Financial Corporation 33, 0.16% 1.03%
Union Home Mortgage Company 34, 0.17% 2.03%
Academy Mortgage Corporation 35, 0.20% 13.64%
GreenStone Farm Credit Services 36, 0.27% 0.78%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Frankenmuth Credit Union 1, -0.30% 6.01%
Isabella Bank 2, -0.23% 5.14%
United Bay Community Credit Un 3, -0.11% 1.63%
Mercantile Bank Of Michigan 4, -0.10% 5.18%
Independent Bank 5, -0.09% 2.71%
Huntington National Bank 6, -0.09% 3.30%
Health Advantage Federal Credi 7, -0.07% 0.58%
Fifth Third Bank, National Association 8, -0.07% 2.67%
Dow Chemical Employees Credit Union 9, -0.06% 13.24%
Michigan State University Federal Credit Union 10, -0.05% 0.38%
TCF National Bank 11, -0.03% 2.67%
Lake Michigan Credit Union 12, 0.00% 1.46%
Union Home Mortgage Company 13, 0.00% 0.58%
Navy Federal Credit Union 14, 0.01% 0.13%
11406 15, 0.01% 0.79%
Bank of America 16, 0.01% 0.54%
LoanDepot 17, 0.02% 1.80%
Carrington Mortgage Services 18, 0.02% 0.92%
Usaa Federal Savings Bank 19, 0.02% 0.21%
Caliber Home Loans Inc 20, 0.05% 0.33%
Mortgage 1 Incorporated 21, 0.05% 0.33%
Towne Mortgage Company 22, 0.05% 0.71%
Amerifirst Financial Corporation 23, 0.05% 0.71%
JPMorgan Chase Bank 24, 0.06% 1.75%
Pnc Bank 25, 0.07% 6.39%
Wells Fargo Bank 26, 0.07% 0.71%
Horizon Bank 27, 0.08% 0.71%
Academy Mortgage Corporation 28, 0.08% 2.30%
Members First Credit Union 29, 0.08% 4.34%
Flagstar Bank 30, 0.09% 1.21%
GreenStone Farm Credit Services 31, 0.10% 0.38%
Quicken Loans 32, 0.10% 19.46%
Chemecal Bank 33, 0.11% 1.59%
Primelending 34, 0.14% 1.54%
Wanigas Credit Union 35, 0.19% 6.14%
Nationstar Mortgage 36, 0.19% 1.46%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Isabella Bank 1, -0.19% 5.58%
TCF National Bank 2, -0.10% 2.40%
Mercantile Bank Of Michigan 3, -0.09% 5.25%
Huntington National Bank 4, -0.09% 3.88%
Frankenmuth Credit Union 5, -0.09% 7.44%
Dow Chemical Employees Credit Union 6, -0.08% 14.01%
Fifth Third Bank, National Association 7, -0.08% 2.60%
United Bay Community Credit Un 8, -0.06% 1.40%
Health Advantage Federal Credi 9, -0.05% 1.40%
Lake Michigan Credit Union 10, -0.05% 3.12%
Michigan State University Federal Credit Union 11, -0.05% 0.81%
Bank of America 12, -0.04% 0.68%
Independent Bank 13, -0.03% 4.42%
LoanDepot 14, -0.02% 0.48%
Wanigas Credit Union 15, -0.01% 5.33%
JPMorgan Chase Bank 16, -0.00% 2.09%
11406 17, 0.00% 0.68%
Wells Fargo Bank 18, 0.00% 1.38%
Caliber Home Loans Inc 19, 0.02% 0.39%
Pnc Bank 20, 0.04% 4.07%
Usaa Federal Savings Bank 21, 0.04% 0.33%
Members First Credit Union 22, 0.05% 3.90%
Carrington Mortgage Services 23, 0.05% 0.19%
Towne Mortgage Company 24, 0.07% 0.54%
Horizon Bank 25, 0.07% 0.89%
Chemecal Bank 26, 0.07% 2.69%
Amerifirst Financial Corporation 27, 0.09% 0.56%
Mortgage 1 Incorporated 28, 0.10% 0.74%
Navy Federal Credit Union 29, 0.10% 0.14%
Primelending 30, 0.14% 3.37%
Quicken Loans 31, 0.15% 9.24%
Flagstar Bank 32, 0.18% 1.96%
Union Home Mortgage Company 33, 0.19% 1.07%
Academy Mortgage Corporation 34, 0.21% 5.66%
Nationstar Mortgage 35, 0.22% 0.52%
GreenStone Farm Credit Services 36, 0.24% 0.79%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wanigas Credit Union 1, -0.27% 4.03%
TCF National Bank 2, -0.16% 2.00%
Isabella Bank 3, -0.15% 5.38%
Dow Chemical Employees Credit Union 4, -0.11% 13.11%
Huntington National Bank 5, -0.09% 4.10%
Bank of America 6, -0.08% 0.73%
Mercantile Bank Of Michigan 7, -0.08% 4.72%
Fifth Third Bank, National Association 8, -0.08% 2.40%
Lake Michigan Credit Union 9, -0.07% 4.25%
Health Advantage Federal Credi 10, -0.06% 1.96%
Michigan State University Federal Credit Union 11, -0.05% 1.09%
JPMorgan Chase Bank 12, -0.05% 2.18%
Pnc Bank 13, -0.04% 1.71%
Wells Fargo Bank 14, -0.02% 1.85%
11406 15, -0.01% 0.51%
Independent Bank 16, -0.00% 5.48%
Caliber Home Loans Inc 17, 0.00% 0.51%
United Bay Community Credit Un 18, 0.01% 1.05%
Members First Credit Union 19, 0.03% 3.09%
Usaa Federal Savings Bank 20, 0.03% 0.51%
Nationstar Mortgage 21, 0.03% 0.15%
LoanDepot 22, 0.05% 0.07%
Frankenmuth Credit Union 23, 0.05% 7.85%
Chemecal Bank 24, 0.05% 3.38%
Carrington Mortgage Services 25, 0.06% 0.22%
Horizon Bank 26, 0.06% 0.94%
Towne Mortgage Company 27, 0.07% 0.51%
Navy Federal Credit Union 28, 0.09% 0.25%
Mortgage 1 Incorporated 29, 0.10% 1.09%
Quicken Loans 30, 0.11% 6.14%
Amerifirst Financial Corporation 31, 0.11% 0.62%
Primelending 32, 0.13% 4.69%
Flagstar Bank 33, 0.20% 2.58%
Academy Mortgage Corporation 34, 0.22% 8.35%
Union Home Mortgage Company 35, 0.24% 1.45%
GreenStone Farm Credit Services 36, 0.28% 1.05%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Frankenmuth Credit Union 1, -0.30% 6.90%
Isabella Bank 2, -0.23% 5.85%
United Bay Community Credit Un 3, -0.11% 1.87%
Mercantile Bank Of Michigan 4, -0.10% 5.94%
Independent Bank 5, -0.09% 3.02%
Huntington National Bank 6, -0.09% 3.59%
Fifth Third Bank, National Association 7, -0.08% 2.87%
Health Advantage Federal Credi 8, -0.07% 0.67%
Dow Chemical Employees Credit Union 9, -0.05% 15.19%
Michigan State University Federal Credit Union 10, -0.05% 0.43%
TCF National Bank 11, -0.03% 2.92%
LoanDepot 12, -0.01% 1.01%
Union Home Mortgage Company 13, -0.00% 0.57%
Lake Michigan Credit Union 14, 0.00% 1.63%
11406 15, 0.01% 0.91%
Bank of America 16, 0.01% 0.62%
Usaa Federal Savings Bank 17, 0.04% 0.10%
Carrington Mortgage Services 18, 0.05% 0.14%
Mortgage 1 Incorporated 19, 0.05% 0.29%
Amerifirst Financial Corporation 20, 0.06% 0.48%
Towne Mortgage Company 21, 0.06% 0.57%
Caliber Home Loans Inc 22, 0.06% 0.24%
JPMorgan Chase Bank 23, 0.06% 1.96%
Pnc Bank 24, 0.07% 7.19%
Wells Fargo Bank 25, 0.08% 0.77%
Academy Mortgage Corporation 26, 0.08% 2.11%
Horizon Bank 27, 0.08% 0.81%
Members First Credit Union 28, 0.08% 4.98%
GreenStone Farm Credit Services 29, 0.10% 0.43%
Flagstar Bank 30, 0.10% 1.15%
Chemecal Bank 31, 0.11% 1.77%
Primelending 32, 0.15% 1.63%
Quicken Loans 33, 0.18% 13.32%
Wanigas Credit Union 34, 0.19% 7.04%
Nationstar Mortgage 35, 0.26% 1.01%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.42% 8.00%
Lake Michigan Credit Union 2, -0.27% 4.48%
TCF National Bank 3, -0.11% 0.96%
Mercantile Bank Of Michigan 4, -0.09% 1.07%
Fifth Third Bank, National Association 5, -0.08% 1.60%
Quicken Loans 6, -0.08% 26.79%
Chemecal Bank 7, -0.05% 1.17%
Caliber Home Loans Inc 8, -0.05% 0.96%
Towne Mortgage Company 9, -0.03% 3.63%
Carrington Mortgage Services 10, -0.02% 2.03%
Independent Bank 11, -0.01% 2.35%
Pnc Bank 12, -0.01% 0.32%
Horizon Bank 13, -0.00% 0.64%
Navy Federal Credit Union 14, 0.00% 0.11%
Wells Fargo Bank 15, 0.02% 0.32%
LoanDepot 16, 0.03% 0.96%
Nationstar Mortgage 17, 0.04% 1.49%
Mortgage 1 Incorporated 18, 0.06% 1.71%
Union Home Mortgage Company 19, 0.08% 2.67%
Flagstar Bank 20, 0.08% 3.74%
Amerifirst Financial Corporation 21, 0.16% 2.35%
Academy Mortgage Corporation 22, 0.19% 27.43%
Primelending 23, 0.20% 5.23%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.44% 9.91%
Lake Michigan Credit Union 2, -0.28% 5.70%
TCF National Bank 3, -0.13% 1.09%
Mercantile Bank Of Michigan 4, -0.10% 1.36%
Quicken Loans 5, -0.10% 16.01%
Fifth Third Bank, National Association 6, -0.10% 1.76%
Caliber Home Loans Inc 7, -0.06% 1.09%
Chemecal Bank 8, -0.06% 1.49%
Towne Mortgage Company 9, -0.04% 3.93%
Independent Bank 10, -0.03% 2.71%
Carrington Mortgage Services 11, -0.03% 0.95%
Pnc Bank 12, -0.01% 0.14%
Horizon Bank 13, -0.01% 0.81%
Navy Federal Credit Union 14, -0.01% 0.14%
LoanDepot 15, 0.00% 0.54%
Nationstar Mortgage 16, 0.01% 0.41%
Wells Fargo Bank 17, 0.01% 0.27%
Mortgage 1 Incorporated 18, 0.05% 2.04%
Union Home Mortgage Company 19, 0.07% 3.26%
Flagstar Bank 20, 0.08% 4.48%
Academy Mortgage Corporation 21, 0.18% 33.65%
Primelending 22, 0.20% 6.24%
Amerifirst Financial Corporation 23, 0.22% 2.04%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.03% 66.50%
Carrington Mortgage Services 2, 0.01% 6.00%
Huntington National Bank 3, 0.01% 1.00%
Fifth Third Bank, National Association 4, 0.03% 1.00%
Caliber Home Loans Inc 5, 0.03% 0.50%
Pnc Bank 6, 0.03% 1.00%
TCF National Bank 7, 0.03% 0.50%
Towne Mortgage Company 8, 0.03% 2.50%
Wells Fargo Bank 9, 0.04% 0.50%
Independent Bank 10, 0.05% 1.00%
Amerifirst Financial Corporation 11, 0.06% 3.50%
Mortgage 1 Incorporated 12, 0.06% 0.50%
Flagstar Bank 13, 0.07% 1.00%
Union Home Mortgage Company 14, 0.07% 0.50%
LoanDepot 15, 0.08% 2.50%
Primelending 16, 0.08% 1.50%
Nationstar Mortgage 17, 0.09% 5.50%
Academy Mortgage Corporation 18, 0.11% 4.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fifth Third Bank, National Association 1, -0.01% 16.67%
Frankenmuth Credit Union 2, -0.00% 16.67%
Isabella Bank 3, -0.00% 33.33%
JPMorgan Chase Bank 4, 0.00% 16.67%
Lake Michigan Credit Union 5, 0.01% 16.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fifth Third Bank, National Association 1, -0.01% 20.00%
Frankenmuth Credit Union 2, -0.00% 20.00%
Isabella Bank 3, -0.00% 20.00%
JPMorgan Chase Bank 4, 0.00% 20.00%
Lake Michigan Credit Union 5, 0.01% 20.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Isabella Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.20% 7.94%
Usaa Federal Savings Bank 2, -0.08% 14.92%
Lake Michigan Credit Union 3, -0.04% 2.22%
TCF National Bank 4, -0.03% 1.90%
Bank of America 5, -0.01% 0.63%
Independent Bank 6, -0.01% 2.22%
Fifth Third Bank, National Association 7, -0.00% 1.90%
Huntington National Bank 8, 0.01% 3.49%
Horizon Bank 9, 0.01% 0.63%
Wells Fargo Bank 10, 0.01% 0.63%
Pnc Bank 11, 0.01% 0.95%
LoanDepot 12, 0.01% 6.35%
Caliber Home Loans Inc 13, 0.01% 0.95%
Towne Mortgage Company 14, 0.02% 1.59%
Chemecal Bank 15, 0.02% 2.54%
Mortgage 1 Incorporated 16, 0.02% 0.63%
Quicken Loans 17, 0.03% 23.81%
JPMorgan Chase Bank 18, 0.03% 0.32%
Carrington Mortgage Services 19, 0.03% 3.17%
Flagstar Bank 20, 0.03% 2.86%
Academy Mortgage Corporation 21, 0.06% 9.21%
Nationstar Mortgage 22, 0.07% 0.95%
Union Home Mortgage Company 23, 0.11% 3.81%
Primelending 24, 0.12% 4.44%
Amerifirst Financial Corporation 25, 0.13% 1.90%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.22% 10.58%
Usaa Federal Savings Bank 2, -0.07% 21.15%
Lake Michigan Credit Union 3, -0.05% 2.88%
TCF National Bank 4, -0.03% 1.92%
Bank of America 5, -0.00% 0.96%
Independent Bank 6, -0.00% 3.37%
LoanDepot 7, 0.00% 1.44%
Fifth Third Bank, National Association 8, 0.01% 1.92%
Pnc Bank 9, 0.01% 0.96%
Huntington National Bank 10, 0.01% 4.33%
Horizon Bank 11, 0.01% 0.96%
Wells Fargo Bank 12, 0.01% 0.96%
Towne Mortgage Company 13, 0.02% 2.40%
Chemecal Bank 14, 0.03% 3.37%
Mortgage 1 Incorporated 15, 0.04% 0.48%
Caliber Home Loans Inc 16, 0.05% 0.48%
Flagstar Bank 17, 0.05% 2.88%
Quicken Loans 18, 0.07% 9.62%
Academy Mortgage Corporation 19, 0.07% 12.98%
Carrington Mortgage Services 20, 0.09% 1.44%
Union Home Mortgage Company 21, 0.13% 5.29%
Primelending 22, 0.13% 6.73%
Amerifirst Financial Corporation 23, 0.13% 2.88%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Usaa Federal Savings Bank 1, -0.03% 2.80%
Navy Federal Credit Union 2, -0.03% 2.80%
Huntington National Bank 3, -0.02% 1.87%
TCF National Bank 4, -0.02% 1.87%
Fifth Third Bank, National Association 5, -0.01% 1.87%
Caliber Home Loans Inc 6, -0.01% 1.87%
Academy Mortgage Corporation 7, -0.01% 1.87%
Carrington Mortgage Services 8, -0.01% 6.54%
Mortgage 1 Incorporated 9, -0.01% 0.93%
Flagstar Bank 10, -0.01% 2.80%
LoanDepot 11, -0.00% 15.89%
Pnc Bank 12, 0.00% 0.93%
Chemecal Bank 13, 0.00% 0.93%
Quicken Loans 14, 0.00% 51.40%
Lake Michigan Credit Union 15, 0.00% 0.93%
Union Home Mortgage Company 16, 0.02% 0.93%
JPMorgan Chase Bank 17, 0.02% 0.93%
Nationstar Mortgage 18, 0.06% 2.80%

* 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 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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