Top Mortgage Lenders in the Boyne City, MI area

Which mortgage lender in the Boyne City, 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 Boyne City, 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 Boyne City, MI area is TCF National Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.15%. This means that TCF National Bank provided a -0.15% lower interest rate for its customers than other lenders in Boyne City, MI for a similar set of borrowers. TCF National Bank has a market share of 17.7%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 21.2%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.11% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Boyne City, 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 Boyne City, 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 Huntington National Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is TCF National Bank. The cheapest VA mortgage provider is Caliber Home Loans Inc. 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
TCF National Bank 1, -0.15% 17.67%
MBank 2, -0.08% 3.38%
Huntington National Bank 3, -0.05% 9.71%
Pnc Bank 4, -0.04% 4.80%
Fifth Third Bank, National Association 5, -0.04% 5.02%
JPMorgan Chase Bank 6, -0.03% 7.42%
Lake Michigan Credit Union 7, -0.02% 7.31%
Caliber Home Loans Inc 8, 0.04% 7.42%
Amerifirst Financial Corporation 9, 0.07% 3.38%
Chemecal Bank 10, 0.11% 12.76%
Quicken Loans 11, 0.11% 21.16%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TCF National Bank 1, -0.15% 19.32%
MBank 2, -0.09% 3.61%
JPMorgan Chase Bank 3, -0.08% 6.37%
Pnc Bank 4, -0.05% 4.46%
Huntington National Bank 5, -0.04% 5.31%
Lake Michigan Credit Union 6, -0.01% 10.83%
Fifth Third Bank, National Association 7, -0.01% 3.61%
Caliber Home Loans Inc 8, 0.05% 9.55%
Quicken Loans 9, 0.08% 12.95%
Amerifirst Financial Corporation 10, 0.08% 5.31%
Chemecal Bank 11, 0.12% 18.68%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TCF National Bank 1, -0.16% 15.92%
MBank 2, -0.07% 3.14%
Fifth Third Bank, National Association 3, -0.06% 6.50%
Huntington National Bank 4, -0.05% 14.35%
Pnc Bank 5, -0.04% 5.16%
Lake Michigan Credit Union 6, -0.04% 3.59%
JPMorgan Chase Bank 7, 0.01% 8.52%
Caliber Home Loans Inc 8, 0.01% 5.16%
Amerifirst Financial Corporation 9, 0.02% 1.35%
Chemecal Bank 10, 0.07% 6.50%
Quicken Loans 11, 0.12% 29.82%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TCF National Bank 1, -0.17% 18.79%
MBank 2, -0.08% 4.07%
Pnc Bank 3, -0.05% 4.60%
Huntington National Bank 4, -0.05% 9.72%
Fifth Third Bank, National Association 5, -0.05% 5.39%
JPMorgan Chase Bank 6, -0.03% 8.28%
Lake Michigan Credit Union 7, -0.02% 7.36%
Caliber Home Loans Inc 8, 0.06% 5.52%
Amerifirst Financial Corporation 9, 0.06% 2.89%
Chemecal Bank 10, 0.12% 14.06%
Quicken Loans 11, 0.14% 19.32%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TCF National Bank 1, -0.17% 20.73%
MBank 2, -0.09% 4.46%
JPMorgan Chase Bank 3, -0.08% 7.09%
Pnc Bank 4, -0.06% 4.20%
Huntington National Bank 5, -0.04% 5.25%
Fifth Third Bank, National Association 6, -0.01% 3.67%
Lake Michigan Credit Union 7, -0.01% 11.29%
Amerifirst Financial Corporation 8, 0.07% 4.46%
Caliber Home Loans Inc 9, 0.08% 6.82%
Quicken Loans 10, 0.11% 11.55%
Chemecal Bank 11, 0.14% 20.47%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TCF National Bank 1, -0.18% 16.84%
MBank 2, -0.07% 3.68%
Fifth Third Bank, National Association 3, -0.07% 7.11%
Huntington National Bank 4, -0.06% 14.21%
Pnc Bank 5, -0.05% 5.00%
Lake Michigan Credit Union 6, -0.05% 3.42%
JPMorgan Chase Bank 7, 0.01% 9.47%
Caliber Home Loans Inc 8, 0.02% 4.21%
Amerifirst Financial Corporation 9, 0.02% 1.32%
Chemecal Bank 10, 0.07% 7.63%
Quicken Loans 11, 0.16% 27.11%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TCF National Bank 1, -0.06% 6.52%
Lake Michigan Credit Union 2, -0.04% 6.52%
Huntington National Bank 3, -0.04% 9.78%
Chemecal Bank 4, -0.01% 6.52%
Pnc Bank 5, -0.01% 3.26%
Quicken Loans 6, -0.00% 36.96%
Fifth Third Bank, National Association 7, -0.00% 1.09%
Caliber Home Loans Inc 8, 0.02% 20.65%
Amerifirst Financial Corporation 9, 0.11% 8.70%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TCF National Bank 1, -0.07% 8.33%
Huntington National Bank 2, -0.05% 8.33%
Lake Michigan Credit Union 3, -0.04% 10.00%
Quicken Loans 4, -0.02% 20.00%
Pnc Bank 5, -0.01% 3.33%
Chemecal Bank 6, -0.01% 10.00%
Fifth Third Bank, National Association 7, 0.00% 1.67%
Caliber Home Loans Inc 8, 0.02% 26.67%
Amerifirst Financial Corporation 9, 0.12% 11.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.02% 12.50%
TCF National Bank 2, -0.01% 3.12%
Amerifirst Financial Corporation 3, -0.01% 3.12%
Quicken Loans 4, 0.00% 68.75%
Pnc Bank 5, 0.01% 3.12%
Caliber Home Loans Inc 6, 0.02% 9.38%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.03% 17.14%
Pnc Bank 2, 0.00% 8.57%
Caliber Home Loans Inc 3, 0.00% 5.71%
Fifth Third Bank, National Association 4, 0.00% 11.43%
JPMorgan Chase Bank 5, 0.00% 11.43%
TCF National Bank 6, 0.01% 28.57%
Quicken Loans 7, 0.01% 2.86%
Lake Michigan Credit Union 8, 0.01% 8.57%
Chemecal Bank 9, 0.02% 5.71%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TCF National Bank 1, -0.01% 35.29%
JPMorgan Chase Bank 2, -0.00% 11.76%
Caliber Home Loans Inc 3, -0.00% 11.76%
Lake Michigan Credit Union 4, 0.00% 5.88%
Pnc Bank 5, 0.00% 11.76%
Chemecal Bank 6, 0.01% 11.76%
Fifth Third Bank, National Association 7, 0.01% 11.76%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.03% 33.33%
Fifth Third Bank, National Association 2, -0.01% 11.11%
Pnc Bank 3, -0.00% 5.56%
JPMorgan Chase Bank 4, 0.01% 11.11%
Quicken Loans 5, 0.01% 5.56%
Lake Michigan Credit Union 6, 0.02% 11.11%
TCF National Bank 7, 0.02% 22.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Caliber Home Loans Inc 1, -0.03% 17.24%
TCF National Bank 2, -0.03% 10.34%
Lake Michigan Credit Union 3, -0.02% 6.90%
JPMorgan Chase Bank 4, -0.02% 3.45%
Pnc Bank 5, -0.01% 10.34%
Chemecal Bank 6, -0.00% 6.90%
Amerifirst Financial Corporation 7, 0.01% 3.45%
Quicken Loans 8, 0.03% 41.38%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TCF National Bank 1, -0.03% 7.69%
Caliber Home Loans Inc 2, -0.02% 7.69%
Lake Michigan Credit Union 3, -0.02% 7.69%
JPMorgan Chase Bank 4, -0.02% 7.69%
Pnc Bank 5, -0.02% 7.69%
Chemecal Bank 6, -0.00% 15.38%
Amerifirst Financial Corporation 7, 0.00% 7.69%
Quicken Loans 8, 0.02% 38.46%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Caliber Home Loans Inc 1, -0.03% 25.00%
TCF National Bank 2, -0.03% 12.50%
Lake Michigan Credit Union 3, -0.02% 6.25%
Pnc Bank 4, -0.01% 12.50%
Quicken Loans 5, 0.03% 43.75%

* Data is compiled for the Boyne City, MI commuting zone area, which comprises of counties of Charlevoix County, MI, Cheboygan County, MI, and Emmet County, MI. This includes cities/towns/communities of Boyne City, MI as well as Indian River, MI, Petoskey, MI, Cross Village, MI, Bay Shore, MI, Ponshewaing, MI, Harbor Springs, MI, Charlevoix, MI, Bay Shore, MI, East Jordan, MI, Horton Bay, MI, Cheboygan, MI, Pellston, MI, Wolverine, MI, Walloon Lake, MI, Boyne Falls, MI, Mackinaw City, MI, Levering, MI, and St. James, 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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