Top Mortgage Lenders in Prudenville, MI

Which mortgage lender in the Prudenville, 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 Prudenville, 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 Prudenville, MI area is TCF National Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.10%. This means that TCF National Bank provided a -0.10% lower interest rate for its customers than other lenders in Prudenville, MI for a similar set of borrowers. TCF National Bank has a market share of 8.9%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 23.9%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.09% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Prudenville, 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 Prudenville, MI is TCF National 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 Ark-La-Tex Financial Services. 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 TCF National Bank. 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.

Ranking of Mortgage Lenders in Prudenville, MI

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TCF National Bank 1, -0.10% 8.91%
Huntington National Bank 2, -0.09% 10.18%
Mercantile Bank Of Michigan 3, -0.07% 13.30%
Fifth Third Bank, National Association 4, -0.06% 4.95%
Member First Mortgage 5, -0.04% 7.21%
JPMorgan Chase Bank 6, -0.01% 5.66%
Chemecal Bank 7, 0.01% 6.51%
Union Home Mortgage Company 8, 0.05% 6.65%
Ark-La-Tex Financial Services 9, 0.07% 12.73%
Quicken Loans 10, 0.09% 23.90%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.13% 12.23%
TCF National Bank 2, -0.12% 8.39%
Fifth Third Bank, National Association 3, -0.08% 5.52%
Mercantile Bank Of Michigan 4, -0.07% 12.47%
Member First Mortgage 5, -0.06% 7.43%
JPMorgan Chase Bank 6, -0.02% 4.80%
Chemecal Bank 7, 0.00% 6.47%
Ark-La-Tex Financial Services 8, 0.08% 17.51%
Union Home Mortgage Company 9, 0.09% 7.43%
Quicken Loans 10, 0.14% 17.75%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TCF National Bank 1, -0.08% 9.66%
Mercantile Bank Of Michigan 2, -0.07% 14.48%
Union Home Mortgage Company 3, -0.03% 5.52%
Fifth Third Bank, National Association 4, -0.03% 4.14%
Huntington National Bank 5, -0.01% 7.24%
Member First Mortgage 6, -0.01% 6.90%
JPMorgan Chase Bank 7, 0.00% 6.90%
Chemecal Bank 8, 0.02% 6.55%
Ark-La-Tex Financial Services 9, 0.04% 5.86%
Quicken Loans 10, 0.06% 32.76%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TCF National Bank 1, -0.12% 9.57%
Huntington National Bank 2, -0.11% 9.93%
Mercantile Bank Of Michigan 3, -0.08% 16.31%
Fifth Third Bank, National Association 4, -0.07% 5.67%
Member First Mortgage 5, -0.06% 7.09%
JPMorgan Chase Bank 6, -0.01% 6.91%
Chemecal Bank 7, 0.01% 6.56%
Union Home Mortgage Company 8, 0.05% 7.09%
Ark-La-Tex Financial Services 9, 0.09% 11.35%
Quicken Loans 10, 0.15% 19.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.16% 11.18%
TCF National Bank 2, -0.13% 9.06%
Member First Mortgage 3, -0.09% 6.65%
Fifth Third Bank, National Association 4, -0.09% 6.34%
Mercantile Bank Of Michigan 5, -0.07% 15.11%
JPMorgan Chase Bank 6, -0.02% 6.04%
Chemecal Bank 7, 0.01% 6.34%
Ark-La-Tex Financial Services 8, 0.10% 15.71%
Union Home Mortgage Company 9, 0.11% 7.25%
Quicken Loans 10, 0.18% 16.31%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TCF National Bank 1, -0.10% 10.30%
Mercantile Bank Of Michigan 2, -0.08% 18.03%
Union Home Mortgage Company 3, -0.04% 6.87%
Fifth Third Bank, National Association 4, -0.04% 4.72%
Huntington National Bank 5, -0.02% 8.15%
Member First Mortgage 6, -0.02% 7.73%
JPMorgan Chase Bank 7, -0.01% 8.15%
Chemecal Bank 8, 0.01% 6.87%
Ark-La-Tex Financial Services 9, 0.05% 5.15%
Quicken Loans 10, 0.13% 24.03%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.03% 10.20%
Quicken Loans 2, -0.02% 46.94%
TCF National Bank 3, -0.01% 6.12%
Union Home Mortgage Company 4, -0.01% 3.06%
Mercantile Bank Of Michigan 5, 0.01% 2.04%
Chemecal Bank 6, 0.01% 5.10%
Fifth Third Bank, National Association 7, 0.01% 3.06%
Member First Mortgage 8, 0.03% 9.18%
Ark-La-Tex Financial Services 9, 0.05% 14.29%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.06% 13.56%
TCF National Bank 2, -0.04% 8.47%
Union Home Mortgage Company 3, -0.04% 5.08%
Mercantile Bank Of Michigan 4, -0.02% 3.39%
Chemecal Bank 5, -0.02% 6.78%
Fifth Third Bank, National Association 6, -0.01% 3.39%
Member First Mortgage 7, 0.01% 11.86%
Ark-La-Tex Financial Services 8, 0.03% 22.03%
Quicken Loans 9, 0.03% 25.42%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.02% 79.49%
Huntington National Bank 2, 0.05% 5.13%
TCF National Bank 3, 0.05% 2.56%
Fifth Third Bank, National Association 4, 0.05% 2.56%
Chemecal Bank 5, 0.06% 2.56%
Member First Mortgage 6, 0.07% 5.13%
Ark-La-Tex Financial Services 7, 0.08% 2.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Ark-La-Tex Financial Services 1, -0.00% 50.00%
Chemecal Bank 2, 0.00% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Chemecal Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Ark-La-Tex Financial Services 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TCF National Bank 1, -0.04% 6.98%
Huntington National Bank 2, -0.03% 13.95%
Member First Mortgage 3, -0.01% 4.65%
Quicken Loans 4, -0.01% 30.23%
Chemecal Bank 5, -0.00% 6.98%
Ark-La-Tex Financial Services 6, 0.01% 25.58%
JPMorgan Chase Bank 7, 0.01% 2.33%
Union Home Mortgage Company 8, 0.06% 9.30%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.03% 23.08%
Member First Mortgage 2, -0.02% 7.69%
Quicken Loans 3, -0.01% 19.23%
Chemecal Bank 4, -0.01% 3.85%
Ark-La-Tex Financial Services 5, 0.01% 30.77%
Union Home Mortgage Company 6, 0.05% 15.38%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TCF National Bank 1, -0.03% 17.65%
Ark-La-Tex Financial Services 2, -0.00% 17.65%
Quicken Loans 3, 0.01% 47.06%
Chemecal Bank 4, 0.01% 11.76%
JPMorgan Chase Bank 5, 0.03% 5.88%

* Data is compiled for the Prudenville, MI commuting zone area, which comprises of counties of Crawford County, MI, Ogemaw County, MI, Oscoda County, MI, and Roscommon County, MI. This includes cities/towns/communities of Prudenville, MI as well as Houghton Lake, MI, Grayling, MI, West Branch, MI, St. Helen, MI, Mio, MI, Roscommon, MI, Skidway Lake, MI, Lupton, MI, and Rose City, 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.

Mortgage Lender Rankings for Other Cities

This page ranks the top mortgage lenders in the Prudenville, MI area. For mortgage lender rankings of other cities, click here.