Top Mortgage Lenders in the Mayville, MI area

Which mortgage lender in the Mayville, 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 Mayville, 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 Mayville, MI area is Frankenmuth Credit Union, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.09%. This means that Frankenmuth Credit Union provided a -0.09% lower interest rate for its customers than other lenders in Mayville, MI for a similar set of borrowers. Frankenmuth Credit Union has a market share of 36.2%. It is the most popular lender in the area.

Our detailed rankings of the mortgage lenders for the Mayville, 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 Mayville, MI is Frankenmuth Credit Union. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Quicken Loans. The cheapest VA mortgage provider is Independent 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.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Frankenmuth Credit Union 1, -0.09% 36.15%
TCF National Bank 2, -0.05% 8.46%
Independent Bank 3, 0.01% 13.08%
Chemecal Bank 4, 0.06% 12.05%
Quicken Loans 5, 0.10% 30.26%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TCF National Bank 1, -0.05% 7.54%
Independent Bank 2, -0.02% 16.58%
Frankenmuth Credit Union 3, -0.01% 34.67%
Chemecal Bank 4, -0.01% 13.57%
Quicken Loans 5, 0.04% 27.64%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Frankenmuth Credit Union 1, -0.16% 37.70%
TCF National Bank 2, -0.04% 9.42%
Independent Bank 3, 0.05% 9.42%
Chemecal Bank 4, 0.14% 10.47%
Quicken Loans 5, 0.14% 32.98%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Frankenmuth Credit Union 1, -0.09% 43.79%
TCF National Bank 2, -0.05% 9.32%
Independent Bank 3, 0.01% 15.53%
Chemecal Bank 4, 0.06% 13.35%
Quicken Loans 5, 0.18% 18.01%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TCF National Bank 1, -0.06% 8.18%
Independent Bank 2, -0.02% 20.13%
Frankenmuth Credit Union 3, -0.01% 43.40%
Chemecal Bank 4, -0.01% 14.47%
Quicken Loans 5, 0.12% 13.84%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Frankenmuth Credit Union 1, -0.16% 44.17%
TCF National Bank 2, -0.04% 10.43%
Independent Bank 3, 0.05% 11.04%
Chemecal Bank 4, 0.14% 12.27%
Quicken Loans 5, 0.23% 22.09%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.00% 89.29%
Chemecal Bank 2, 0.01% 5.36%
TCF National Bank 3, 0.02% 5.36%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.00% 85.29%
TCF National Bank 2, 0.01% 5.88%
Chemecal Bank 3, 0.01% 8.82%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.00% 95.45%
TCF National Bank 2, 0.04% 4.55%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Independent Bank 1, -0.00% 8.33%
Chemecal Bank 2, -0.00% 8.33%
Quicken Loans 3, 0.00% 83.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.00% 66.67%
Independent Bank 2, 0.00% 16.67%
Chemecal Bank 3, 0.01% 16.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, 0.00% 100.00%

* Data is compiled for the Mayville, MI commuting zone area, which comprises of counties of Huron County, MI, and Tuscola County, MI. This includes cities/towns/communities of Mayville, MI as well as Caseville, MI, Millington, MI, Fostoria, MI, Vassar, MI, Caro, MI, Kingston, MI, Gagetown, MI, Reese, MI, Harbor Beach, MI, Fairgrove, MI, Unionville, MI, Bay Port, MI, Bad Axe, MI, Ubly, MI, Port Austin, MI, Port Hope, MI, Owendale, MI, Kinde, MI, and Elkton, 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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