Best mortgage lenders in Michigan
No lender is best for everyone, so this page ranks Michigan lenders on what federal records can measure: who makes the most loans here, who leads for FHA and VA, and what their Michigan borrowers paid. All figures are 2025 HMDA data; no lender pays to be listed.
Who leads for what in Michigan
"Most loans" and "Largest average loan" are among the 15 lenders with the most Michigan originations in 2025 (the latter counts lenders with at least 300 loans in the state); FHA and VA leaders count every lender's home-purchase loans.
The 15 lenders that made the most home loans in Michigan
| # | Lender | Type | Loans | FHA | VA | Avg loan | Approval* |
|---|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | Nonbank lender | 22,693 | 16.6% | 6.0% | $205,375 | 82.0% |
| 2 | United Wholesale Mortgage | Nonbank lender | 22,015 | 17.0% | 8.8% | $264,871 | 86.5% |
| 3 | Lake Michigan Credit Union | — | 12,864 | 2.0% | 0.8% | $271,211 | 93.2% |
| 4 | Huntington Bank | Bank | 10,932 | 3.0% | 1.1% | $183,260 | 64.5% |
| 5 | Fifth Third Bank | Bank | 6,106 | 2.7% | 0.8% | $157,840 | 67.5% |
| 6 | Union Home Mortgage | Nonbank lender | 4,118 | 20.9% | 6.2% | $226,382 | 94.7% |
| 7 | Citizens | Bank | 3,697 | 0.9% | 0.1% | $175,157 | 65.9% |
| 8 | Mortgage 1 Incorporated | — | 3,342 | 17.9% | 3.9% | $245,063 | 97.6% |
| 9 | Chase | Bank | 2,995 | 3.0% | 1.0% | $283,772 | 84.7% |
| 10 | Dfcu Financial | — | 2,985 | 0.0% | 0.0% | $171,827 | 83.8% |
| 11 | Consumers Credit Union | — | 2,929 | 0.0% | 0.0% | $192,992 | 88.4% |
| 12 | Michigan Schools And Government | — | 2,902 | 1.1% | 0.0% | $182,071 | 85.2% |
| 13 | PNC Bank | Bank | 2,885 | 0.3% | 0.4% | $199,621 | 68.0% |
| 14 | Genisys Credit Union | — | 2,770 | 0.0% | 0.0% | $228,863 | 78.5% |
| 15 | Flagstar Bank | Bank | 2,677 | 14.6% | 3.2% | $226,804 | 72.0% |
Source: 2025 HMDA originations, FFIEC/CFPB. FHA/VA = share of each lender's Michigan loans. *Approval = originated ÷ (originated + denied); it mirrors a lender's channel and borrower mix, not how hard it is to qualify.
Also among the 25 lenders with the most HMDA filings here: PennyMac, 21st Mortgage Corporation, Newrez, Triad Financial Services, Inc., Veterans United, Bank of America, Michigan State University Federal Credit Union, Mr. Cooper, AmeriHome Mortgage Company, LLC, Freedom Mortgage.
FHA lenders in Michigan
13,509 FHA home-purchase loans were made in Michigan in 2025 by 227 lenders. The typical FHA buyer here paid $8,379 in loan costs, including the 1.75% upfront mortgage insurance premium, at a median rate of 6.625%. The ten lenders that made the most:
| # | Lender | FHA purchases | Share | Loan costs | APR vs benchmark |
|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage | 2,209 | 16.4% | $9,034 | +0.60 |
| 2 | Rocket Mortgage | 1,413 | 10.5% | $7,923 | +0.65 |
| 3 | Union Home Mortgage | 682 | 5.0% | $8,723 | +0.85 |
| 4 | Mortgage 1 Incorporated | 547 | 4.0% | $9,914 | +0.84 |
| 5 | Preston Home Loans Inc | 425 | 3.1% | $7,263 | +0.94 |
| 6 | CrossCountry Mortgage | 386 | 2.9% | $8,975 | +0.87 |
| 7 | Staunton Financial, Inc. | 349 | 2.6% | $7,705 | +0.76 |
| 8 | Flagstar Bank | 347 | 2.6% | $7,478 | +0.71 |
| 9 | Gold Star Mortgage Financial Group, Corporation | 244 | 1.8% | $7,645 | +0.88 |
| 10 | Huntington Bank | 233 | 1.7% | $7,139 | +0.60 |
| All Michigan FHA buyers | 13,509 | 100% | $8,379 | +0.74 |
Among them, Huntington Bank had the lowest median loan costs ($7,139) and Mortgage 1 Incorporated the highest ($9,914) — $2,775 apart on similar loans, which is why a second Loan Estimate is worth getting.
Source: 2025 HMDA loan-level records (FFIEC/CFPB), first-lien FHA home purchases in Michigan. Costs and APR vs benchmark are medians of each lender's 30-year fixed loans here; "—" = fewer than 30. How we compare lenders.
VA lenders in Michigan
5,595 VA home-purchase loans were made in Michigan in 2025 by 195 lenders. The typical VA buyer here paid $4,828 in loan costs (including the VA funding fee for borrowers who owe it) at a median rate of 6.25%. The ten lenders that made the most:
| # | Lender | VA purchases | Share | Loan costs | APR vs benchmark |
|---|---|---|---|---|---|
| 1 | Veterans United | 1,753 | 31.3% | $3,904 | −0.13 |
| 2 | United Wholesale Mortgage | 597 | 10.7% | $4,598 | −0.20 |
| 3 | Rocket Mortgage | 333 | 6.0% | $6,318 | −0.19 |
| 4 | Navy Federal Credit Union | 276 | 4.9% | $3,017 | −0.62 |
| 5 | USAA | 172 | 3.1% | $4,478 | −0.27 |
| 6 | Union Home Mortgage | 155 | 2.8% | $7,110 | −0.04 |
| 7 | CrossCountry Mortgage | 115 | 2.1% | $5,891 | −0.02 |
| 8 | Mortgage 1 Incorporated | 115 | 2.1% | $5,904 | +0.10 |
| 9 | Newrez | 94 | 1.7% | $5,323 | −0.11 |
| 10 | Lake Michigan Credit Union | 93 | 1.7% | $4,461 | −0.47 |
| All Michigan VA buyers | 5,595 | 100% | $4,828 | −0.15 |
Among them, Navy Federal Credit Union had the lowest median loan costs ($3,017) and Union Home Mortgage the highest ($7,110) — $4,093 apart, though VA costs also depend on how many of a lender's borrowers are exempt from the funding fee.
Source: 2025 HMDA loan-level records (FFIEC/CFPB), first-lien VA home purchases in Michigan. Costs and APR vs benchmark are medians of each lender's 30-year fixed loans here; "—" = fewer than 30. Data notes and limits.
How concentrated is the Michigan market?
966 institutions reported Michigan home-loan records for 2025 — the 17th-most of any state. The single most active lender accounts for 8.3% of all records and the top five for 27.0%, the 10th-most concentrated market of 51. With volume spread across many lenders, there is plenty of room to shop beyond the biggest names.
How to choose a lender in Michigan
Michigan borrowers took FHA loans 10.1% of the time and VA loans 5.0% (U.S. 13.2% and 8.2%). Every Michigan county uses the $832,750 conforming limit, so loans above it are jumbo and priced separately.
Get Loan Estimates from three or more lenders in the same two-week window (one credit inquiry) and compare APRs. For down-payment help, ask whether they are approved for MSHDA's MI 10K DPA or MI Home Loan — only participating lenders can offer them (terms and sources).
Michigan checks: DIFS licensing and MSHDA lending partners
Michigan licenses or registers first-mortgage brokers, lenders and servicers through the Department of Insurance and Financial Services (DIFS) under the Mortgage Brokers, Lenders, and Servicers Licensing Act; DIFS’s lending and mortgage page links its mortgage-company locator and its complaint process.
MSHDA’s MI Home Loan, and the MI 10K DPA that goes with it, works only through its lending partners: “All homebuyers work directly with a participating lender.” The partner list (updated September 17, 2026) has 149 names and flags eleven 2025 top lenders, among them Lake Michigan Credit Union, Mortgage 1, Huntington, Flagstar and CrossCountry Mortgage. Michigan’s two most active lenders, Rocket Mortgage and United Wholesale Mortgage, are not on it — eight of the ten biggest FHA purchase lenders are.
Michigan’s own lenders and credit unions
Michigan is home base for its two most active mortgage lenders, Rocket Mortgage and United Wholesale Mortgage, and its credit unions are unusually busy: six of the 25 most active lenders here are Michigan credit unions. Lake Michigan Credit Union of Grand Rapids originated 12,864 home loans in 2025, more than any lender except Rocket Mortgage and United Wholesale Mortgage.
Sterling Heights-based Mortgage 1 ranked 4th for FHA purchase loans (547) and is one of MSHDA’s 2025 top lenders. Two of the 15 most active lenders, 21st Mortgage and Triad Financial Services, are manufactured-home lenders — HMDA shows more than 99% of their Michigan loans in 2025 financed manufactured homes.
| Lender | Based in | Type | Rank | 2025 records | FHA purchase rank |
|---|---|---|---|---|---|
| Rocket Mortgage | Detroit, MI | Nonbank lender | 1 | 34,325 | 2 |
| United Wholesale Mortgage | Pontiac, MI | Nonbank lender | 2 | 29,447 | 1 |
| Lake Michigan Credit Union | Grand Rapids, MI | Credit union | 4 | 16,730 | — |
| 21st Mortgage | Knoxville, TN | Manufactured-home lender | 8 | 7,474 | — |
| Triad Financial Services | Jacksonville, FL | Manufactured-home lender | 11 | 6,426 | — |
| Michigan State University Federal Credit Union | East Lansing, MI | Credit union | 17 | 4,632 | — |
| Genisys Credit Union | Auburn Hills, MI | Credit union | 20 | 4,455 | — |
| DFCU Financial | Dearborn, MI | Credit union | 21 | 4,390 | — |
| Mortgage 1 | Sterling Heights, MI | Nonbank lender | 22 | 4,280 | 4 |
| Michigan Schools and Government Credit Union | Clinton Township, MI | Credit union | 23 | 4,227 | — |
| Consumers Credit Union | Kalamazoo, MI | Credit union | 25 | 3,905 | — |
| Preston Home Loans | Grand Blanc, MI | Nonbank lender | — | — | 5 |
| Staunton Financial | Southfield, MI | Nonbank lender | — | — | 7 |
| Gold Star Mortgage Financial Group | Ann Arbor, MI | Nonbank lender | — | — | 9 |
Rank = position among the 25 lenders with the most Michigan HMDA records in 2025; FHA purchase rank = position among the ten biggest Michigan FHA home-purchase lenders in 2025; "—" = outside those lists. Headquarters from our lender profiles or the lender's GLEIF legal-entity record (linked).
Facts in the Michigan sections above were checked October 18, 2026 against these sources: DIFS — lending and mortgage; DIFS — 1st mortgage license/registration FAQ; MSHDA MI Home Loan lending partners; MSHDA MI Home Loan; HMDA: 21st Mortgage, Michigan loans by construction type; Triad. Agency lender lists, program terms and rules change often — confirm with the agency or lender before you rely on them.
Michigan lender FAQ
Who is the biggest mortgage lender in Michigan?
By 2025 federal HMDA data, Rocket Mortgage originated the most home loans in Michigan — about 22,693, or 9.9% of the state's originations.
Which lender makes the most FHA loans in Michigan?
United Wholesale Mortgage made the most FHA home-purchase loans in Michigan in 2025 — 2,209, or 16.4% of the 13,509 FHA purchases made by 227 lenders. Rocket Mortgage (1,413) was second.
Which lender makes the most VA loans in Michigan?
Veterans United made the most VA home-purchase loans in Michigan in 2025 (1,753, 31.3% of the state's VA purchases). VA loans were 5.0% of Michigan originations, the 10th-lowest VA share among the states.
How much are closing costs on an FHA loan in Michigan?
The typical Michigan FHA buyer in 2025 paid $8,379 in total loan costs on a median $215,000 loan — lender fees, required third-party services and the 1.75% upfront mortgage insurance premium, per the Closing Disclosure.
That figure excludes recording taxes, prepaid interest and insurance, escrow deposits and the down payment.
What are the best credit unions in Michigan for a mortgage?
By volume, Lake Michigan Credit Union leads: it originated 12,864 Michigan home loans in 2025, the 3rd-most of any lender, and MSHDA lists it among its 2025 top MI Home Loan lenders.
Michigan State University FCU, Genisys Credit Union, DFCU Financial, Michigan Schools and Government Credit Union and Consumers Credit Union also ranked among the state’s 25 most active lenders.
Volume isn’t price, so compare a credit union’s Loan Estimate with a bank’s or mortgage company’s — and confirm you can join first.
Rankings are editorial and independent, built from public federal data — no lender pays to be listed. This is general information, not a recommendation or personalized advice. Confirm all terms directly with the lender.
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