Top Mortgage Lenders in the Marquette, MI area

Which mortgage lender in the Marquette, 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 Marquette, 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 Marquette, MI area is Incrediblebank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.12%. This means that Incrediblebank provided a -0.12% lower interest rate for its customers than other lenders in Marquette, MI for a similar set of borrowers. Incrediblebank has a market share of 26.0%. On the other hand, the most popular lender in the market is MBank, with a market share of 27.9%. MBank is an average rate lender in this area, with a “Rate Difference” of -0.02% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Marquette, 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 Marquette, MI is Incrediblebank. 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 Wells Fargo 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
Incrediblebank 1, -0.12% 26.05%
MBank 2, -0.02% 27.90%
Huntington National Bank 3, 0.00% 4.94%
Honor Credit Union 4, 0.03% 10.12%
Wells Fargo Bank 5, 0.04% 8.15%
Flagstar Bank 6, 0.05% 4.07%
Quicken Loans 7, 0.14% 18.77%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
MBank 1, -0.10% 21.20%
Incrediblebank 2, -0.06% 24.58%
Huntington National Bank 3, -0.01% 8.43%
Wells Fargo Bank 4, 0.04% 11.81%
Flagstar Bank 5, 0.05% 5.30%
Honor Credit Union 6, 0.06% 11.81%
Quicken Loans 7, 0.14% 16.87%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Incrediblebank 1, -0.17% 27.59%
Honor Credit Union 2, -0.01% 8.35%
Flagstar Bank 3, 0.04% 2.78%
Wells Fargo Bank 4, 0.04% 4.30%
MBank 5, 0.04% 34.94%
Huntington National Bank 6, 0.06% 1.27%
Quicken Loans 7, 0.14% 20.76%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Incrediblebank 1, -0.11% 30.67%
MBank 2, -0.01% 32.85%
Huntington National Bank 3, 0.02% 2.91%
Honor Credit Union 4, 0.04% 11.77%
Wells Fargo Bank 5, 0.05% 7.70%
Flagstar Bank 6, 0.06% 3.63%
Quicken Loans 7, 0.26% 10.47%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
MBank 1, -0.10% 25.66%
Incrediblebank 2, -0.05% 29.74%
Huntington National Bank 3, 0.01% 4.66%
Wells Fargo Bank 4, 0.05% 11.37%
Honor Credit Union 5, 0.07% 13.99%
Flagstar Bank 6, 0.07% 4.66%
Quicken Loans 7, 0.22% 9.91%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Incrediblebank 1, -0.17% 31.59%
Honor Credit Union 2, -0.00% 9.57%
Flagstar Bank 3, 0.04% 2.61%
Wells Fargo Bank 4, 0.04% 4.06%
MBank 5, 0.05% 40.00%
Huntington National Bank 6, 0.06% 1.16%
Quicken Loans 7, 0.29% 11.01%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.08% 11.39%
Flagstar Bank 2, -0.00% 3.80%
Quicken Loans 3, 0.01% 77.22%
Honor Credit Union 4, 0.03% 1.27%
Wells Fargo Bank 5, 0.04% 6.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.10% 18.75%
Flagstar Bank 2, -0.02% 6.25%
Honor Credit Union 3, 0.01% 2.08%
Wells Fargo Bank 4, 0.02% 8.33%
Quicken Loans 5, 0.03% 64.58%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.00% 96.77%
Wells Fargo Bank 2, 0.06% 3.23%
Insufficient data available.
Insufficient data available.
Insufficient data available.
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.02% 18.60%
Flagstar Bank 2, -0.01% 11.63%
Huntington National Bank 3, -0.01% 25.58%
Quicken Loans 4, 0.01% 44.19%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.03% 25.00%
Flagstar Bank 2, -0.01% 12.50%
Huntington National Bank 3, -0.00% 41.67%
Quicken Loans 4, 0.04% 20.83%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.00% 73.68%
Flagstar Bank 2, 0.00% 10.53%
Wells Fargo Bank 3, 0.00% 10.53%
Huntington National Bank 4, 0.00% 5.26%

* Data is compiled for the Marquette, MI commuting zone area, which comprises of counties of Alger County, MI, Delta County, MI, Marquette County, MI, and Schoolcraft County, MI. This includes cities/towns/communities of Marquette, MI as well as Ishpeming, MI, Negaunee, MI, Harvey, MI, Escanaba, MI, Gwinn, MI, Big Bay, MI, Manistique, MI, Munising, MI, Palmer, MI, Gladstone, MI, Trowbridge Park, MI, Republic, MI, Garden, MI, Chatham, MI, and K. I. Sawyer, 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.

FB Comments