The median interest rate borrowers actually received on originated loans, not the advertised rate. Product mix matters: a VA-heavy lender will look cheaper than a jumbo specialist.
| # | Lender | Grade | Median rate | Applications | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Michigan United Credit UnionBirmingham, MI | B | 4.74% | 328 | 11.3% | 4.74% |
| 2 | Michigan Legacy Credit UnionWyandotte, MI | C | 4.99% | 180 | 18.3% | 4.99% |
| 3 | LOC Credit UnionFarmington, MI | C | 4.99% | 821 | 29.4% | 4.99% |
| 4 | Village Capital & InvestmentHenderson, NV | C | 5.75% | 834 | 26.5% | 5.75% |
| 5 | M/i FinancialColumbus, OH | A | 5.88% | 243 | 2.1% | 5.88% |
| 6 | LAFCU Credit UnionLansing, MI | C | 5.88% | 447 | 8.5% | 5.88% |
| 7 | Jolt Credit UnionSaginaw, MI | C | 5.99% | 182 | 14.8% | 5.99% |
| 8 | Planet Home LendingMeriden, CT | B | 5.99% | 315 | 18.4% | 5.99% |
| 9 | Comerica BankDallas, TX | C | 5.99% | 3,064 | 40.0% | 5.99% |
| 10 | Bank of AmericaCharlotte, NC | F | 5.99% | 4,464 | 31.9% | 5.99% |
| 11 | Christian Financial Credit UnionSterling Heights, MI | C | 6.00% | 467 | 30.4% | 6.00% |
| 12 | Morgan Stanley Private BankNew York, NY | A | 6.05% | 234 | 4.7% | 6.05% |
| 13 | LENOX FINANCIAL MORTGAGE CORPORATION, Sage Home LoansFort Mill, SC | B | 6.12% | 270 | 6.7% | 6.12% |
| 14 | NBKC BankKansas, MO | B | 6.13% | 192 | 10.9% | 6.13% |
| 15 | Longbridge FinancialMahwah, NJ | F | 6.13% | 197 | 15.2% | 6.13% |
| 16 | Unnamed lender 254900M2C4Q6DATP2889 | F | 6.13% | 461 | 17.4% | 6.13% |
| 17 | American FinancingAurora, CO | D | 6.13% | 556 | 44.4% | 6.13% |
| 18 | Horizon BankMichigan City, IN | A | 6.13% | 1,144 | 21.3% | 6.13% |
| 19 | Pennymac Loan ServicesWestlake Village, CA | C | 6.13% | 2,691 | 11.2% | 6.13% |
| 20 | Sun West Mortgage CompanyCerritos, CA | B | 6.25% | 346 | 15.6% | 6.25% |
| 21 | Dort Financial Credit UnionGrand Blanc, MI | C | 6.25% | 1,339 | 14.8% | 6.25% |
| 22 | Freedom MortgageBoca Raton, FL | B | 6.25% | 3,515 | 9.7% | 6.25% |
| 23 | Dfcu FinancialDearborn, MI | B | 6.25% | 4,346 | 13.3% | 6.25% |
| 24 | Mortgage Research CenterColumbia, MO | C | 6.25% | 4,942 | 19.4% | 6.25% |
| 25 | Finance of America ReverseTulsa, OK | C | 6.38% | 187 | 19.3% | 6.38% |
| 26 | Preferred Credit UnionBelding, MI | C | 6.38% | 260 | 10.8% | 6.38% |
| 27 | Provident Funding AssociatesSanta Rosa, CA | A | 6.38% | 265 | 15.1% | 6.38% |
| 28 | Wells Fargo BankCharlotte, NC | B | 6.38% | 550 | 15.5% | 6.38% |
| 29 | USAA Federal Savings BankPhoenix, AZ | C | 6.38% | 626 | 23.0% | 6.38% |
| 30 | Isabella BankMount Pleasant, MI | C | 6.38% | 1,051 | 14.4% | 6.38% |
| 31 | Old National BankEvansville, IN | B | 6.38% | 1,640 | 12.3% | 6.38% |
| 32 | Mortgage Center L.cSouthfield, MI | C | 6.38% | 3,046 | 6.2% | 6.38% |
| 33 | Consumers Credit UnionKalamazoo, MI | C | 6.38% | 3,905 | 9.9% | 6.38% |
| 34 | Mms Mortgage ServicesFarmington Hills, MI | B | 6.49% | 245 | 4.1% | 6.49% |
| 35 | Tomo MortgageNew York, NY | B | 6.49% | 282 | 8.9% | 6.49% |
| 36 | UNITED FINANCIAL Credit UnionSaginaw, MI | C | 6.50% | 167 | 9.0% | 6.50% |
| 37 | Canopy MortgageLindon, UT | B | 6.50% | 192 | 1.0% | 6.50% |
| 38 | First Colony MortgageOrem, UT | A | 6.50% | 225 | 4.4% | 6.50% |
| 39 | KeyBankCleveland, OH | C | 6.50% | 311 | 29.9% | 6.50% |
| 40 | Amerihome Mortgage CompanyThousand Oaks, CA | B | 6.50% | 357 | 9.0% | 6.50% |
| 41 | PHH MortgageMount Laurel, NJ | C | 6.50% | 551 | 7.4% | 6.50% |
| 42 | Pulte MortgageWilmington, DE | A | 6.50% | 632 | 5.1% | 6.50% |
| 43 | Vibe Credit UnionNovi, MI | C | 6.50% | 692 | 8.4% | 6.50% |
| 44 | Member First MortgageGrand Rapids, MI | D | 6.50% | 694 | 15.3% | 6.50% |
| 45 | Mutual of Omaha MortgageSan Diego, CA | C | 6.50% | 1,052 | 21.7% | 6.50% |
| 46 | First Merchants BankMuncie, IN | C | 6.50% | 2,637 | 10.8% | 6.50% |
| 47 | Covantage Credit UnionAntigo, WI | B | 6.56% | 336 | 10.1% | 6.56% |
| 48 | United Shore Financial ServicesPlymouth, MI | B | 6.60% | 29,330 | 11.7% | 6.60% |
| 49 | Northern Mortgage ServicesGrandville, MI | B | 6.62% | 642 | 0.9% | 6.62% |
| 50 | Leaderone FinancialOverland Park, KS | D | 6.63% | 133 | 5.3% | 6.63% |
Ordered by the median interest rate on originated loans, among lenders reporting rates on at least 100 loans. Some banks are exempt from HMDA pricing fields and cannot appear. All figures come from the lenders' own HMDA filings. Full methodology.
