Best Mortgage Lenders in Michigan in 2018

The best mortgage lenders in Michigan offer lower interest rates, fewer loan fees or excellent customer service. Depending on what you're looking for, you'll want to consider several different companies. You can read about our findings below or use our rate table to find a lender.

LenderInterest RateAPRLoan FeesMonthly Payment
Sebonic Financial4.740%4.740%$0.00$833.67
Citibank, N. A.4.750%4.844%$1,717.00$834.64
Republic Bank4.500%4.548%$895.00$810.70
ConsumerDirect Mortgage, a division of First Bank4.500%4.553%$995.00$810.70
HomeDirect Mortgage4.750%4.750%$0.00$834.64

These estimates are based on a 30-year fixed rate mortgage for a $200,000 home purchase with 20% down payment and a 740 credit score in Michigan. Click on a lender from the table for a low rate or find out the lenders that ranked on top for different types of borrowers in the state.

Best Mortgage Lenders in Michigan

See Mortgage Rate Quotes for Your Home


Direct lenders offer some of the best mortgage rates in Michigan, based on our search of home loan estimates for a typical $200,000 property. While your interest rate will change depending on the specific details of your loan and credit, you can use the lender estimates as a starting point when shopping for good rates. However, it is important to consider factors other than rates when evaluating lenders, such as customer service and loan product availability. To help you in your search, we found the best lenders to fit different types of homebuyers in Michigan.

Best Mortgage Lender for First Time Homebuyers: Chase

Consider this if you want an accessible lender with online resources for your first home.

While it's not going to offer you the lowest possible mortgage rate, Chase is a solid lender for first-time homebuyers thanks to its variety of loans, wide network of Michigan branch offices and well-developed online resources.

map of Chase Bank branches in Michigan, by county

Chase Mortgage Loan Rates

Loan TypeRateAPRMonthly P+I
30-Year Fixed4.13%4.17%$775
15-Year Fixed3.38%3.53%$1,134
5/1 ARM4.25%4.16%$787
7/1 ARM4.13%4.13%$776

Estimates for a $200,000 home loan with 20% down payment and 740 credit score

We picked Chase as our recommendation for Michiganders buying their first home because it delivers a comprehensive set of mortgage options, backed by branch locations throughout the state and a relatively sophisticated online interface for managing your balances. This lender is even more effective if you already have a Chase bank account. Chase primarily offers mortgages as a service to its customers rather than a major focus of its business, which means that existing customers are more likely to find friendlier mortgage rates and fee discounts here.

Best Online Mortgage Lender: Quicken Rocket Mortgage

Consider this if you'd prefer an online home loan lender that provides exceptional service.

Michigan's largest mortgage lender, Quicken Loans is also the best choice for obtaining mortgage through an online platform. Quicken's Rocket Mortgage is designed to make the application and approval process much faster than traditional mortgage underwriting, which makes it a better choice if you need to finance your purchase as quickly as possible.

Quicken Rocket Mortgage Rates

Loan TypeRateAPRMonthly P+I
30-Year Fixed4.13%4.39%$775
5/1 ARM3.75%4.20%$741
7/1 ARM3.75%4.17%$741

Estimates for a $200,000 home loan with 20% down payment and 740 credit score

The mortgage rates advertised on Quicken's website aren't necessarily the lowest available, but the company's digital mortgage tools allow you to run through the entire process without leaving your desk. With Rocket Mortgage, you can view rate estimates, upload documents and check the status of your application on your own schedule. Quicken also offers government-backed loans like FHA and VA mortgage loans, making it a decent place to start shopping for a home loan regardless of the specific loan you need.

Best Lender for In-Person Service: The Huntington National Bank

Consider this if you're looking for a mortgage lender with multiple branches in Michigan.

Among mortgage lenders that offer in-person services in Michigan, The Huntington National Bank earned our top spot due to its strong network of physical locations and an industry-leading score in customer satisfaction.

map of The Huntington National Bank branches in Michigan, by county

Mortgage Loans at The Huntington National Bank

Loan TypeRateAPRPoints
Conventional 30-Year Fixed3.88%4.06%0.00
5/1 ARM2.85%3.45%0.00
3/1 ARM2.80%3.52%0.00

Estimates for a $120,000 loan amount with 20% down payment, 740 credit score and 60-day rate lock

Besides delivering the branch locations and online account management options you'd expect from a bank lender, Huntington outscores much larger brands like Chase in two key areas: mortgage rates and customer service. Among all the brick-and-mortar mortgage lenders licensed to operate in Michigan, Huntington earned the highest ratings for customer satisfaction in terms of the way it handled mortgage payments and servicing. And though its website doesn't provide custom rate estimates, the rates we did see turned out to be fairly competitive when we used Huntington's loan assumptions to obtain quotes from other lenders.

Best Lender for a VA Home Loan: J.G. Wentworth

Consider this if you qualify for a VA loan and want a lender with affordable rates and good service.

When it comes to quality of service and the overall affordability of a VA loan in Michigan, we found that J.G. Wentworth is likely the best option in the state.

Best VA Lenders in Michigan

LenderMortgage RateAPRMonthly P+I
JG Wentworth3.50%3.69%$1,010
Veterans United Home Loans3.88%4.13%$1,059

Fixed-rate estimates for a 30-year VA loan of $225,000 with 0% down payment and 740 credit score

Based on our analysis of VA loan rates and customer complaint data from the CFPB, J.G. Wentworth offers competitive value in both areas. Its interest rate and APR for a standard 30-year fixed rate VA loan turned out to be lower than estimates from either USAA or Veterans United Home Loans, two larger VA lenders also available in Michigan. Among the three, J.G. Wentworth has also received the fewest complaints per mortgage as recorded by the CFPB's public database of consumer complaints. And finally, J.G. Wentworth's focus on VA lending means that its loan officers will be more experienced in helping you navigate the requirements of the VA loan program.

Best Lender for Low Fees: Triumph Bank Home Loans

Consider this if you'd like a lender without origination fees to purchase or refinance your home.

Triumph Bank Home Loans has both the lowest loan fees and the best interest rates for a conventional mortgage in Michigan. According to Triumph's APR estimate for a conventional $200,000 loan, the company doesn't charge any origination fees.

Lowest Mortgage Lender Fees in Michigan

Triumph Bank Home Loans$03.75%3.75%
ConsumerDirect Mortgage$03.88%3.88%
Residential Mortgage Services$7953.75%3.78%
Sebonic Financial$1,1943.75%3.80%

Estimates for a 30-year fixed rate mortgage for $200,000 with 20% down payment and 740 credit score

Triumph's lack of loan fees makes it a leading candidate for anyone looking to refinance an existing home loan. While you'll still need to pay for third-party services, homeowner's insurance and property taxes, Triumph doesn't add any lender fees. Typically, such origination fees can cost about 1% on every mortgage—an extra several thousand dollars in most cases.

Summary of the Best Lenders in Michigan

Finding the perfect mortgage lender depends on your needs and requirements as a borrower. This list provides you with a baseline to compare other mortgage lenders that you're considering as you research. You may need a lender that accepts bad credit or is located in your neighborhood. But it's still important to evaluate all components of a mortgage company, including rates, customer service and loan product availability when choosing the best option for you.

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