Applications / Mortgage Analytics / Lenders / Michigan / Member First Mortgage
Grand Rapids, MI · Non-bank affiliate of a holding company · CFPB · 1,295 loans in 2025
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1,295
loans originated, 2025
3,256
applications, 2025
39
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Member First Mortgage, a Grand Rapids lender owned by a holding company, grew faster than most similar lenders in 2025 and now lends in 39 states.
Its loans rose 13% in 2025, to 1,295, against 3% for similar lenders (non-bank affiliates of holding companies making between a quarter and four times as many loans) and 10% for the whole market. It makes more loans than about two-thirds of them. Volume is still below its peak of 2,384 in 2021, but has risen two years running.
Michigan is its main state, but it lends in 161 metros across 39 states, from Dallas-Fort Worth-Arlington and Seattle-Tacoma-Bellevue to Chicago and Atlanta. In 2025 it made its first loans around Worcester, Amarillo and Billings.
Loans insured by the Federal Housing Administration (FHA) made up 20.4% of its lending, against 13.2% at similar lenders, more than at about five in six of them. That share was 13.5% in 2020. Home purchases made up 70.7% of its loans.
Its typical rate was 6.38%, against 6.50% at peers, lower than at most of them. Its share of higher-priced loans (a rate well above the average for similar loans), 2.3%, is close to peers' 2.1%, despite its larger FHA book. Its typical loan, $255,000, matches theirs.
Similar lenders: same lender type, originations between a quarter and four times the lender's. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Member First Mortgage took 3,256 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 70.7% · Refinance 25.8% · Home improvement 2.1% · Other 1.4%
Conventional 76.2% · FHA 20.4% · VA 2.5% · USDA (RHS or FSA) 0.8% · of 1,295 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Michigan | 318 | 24.6% |
| Texas | 156 | 12.0% |
| Georgia | 146 | 11.3% |
| Illinois | 110 | 8.5% |
| Indiana | 109 | 8.4% |
| Washington | 89 | 6.9% |
| Pennsylvania | 65 | 5.0% |
| Florida | 44 | 3.4% |
| New Jersey | 35 | 2.7% |
| Oregon | 29 | 2.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Warren-Troy-Farmington Hills | 122 |
| Dallas-Plano-Irving | 71 |
| Chicago-Naperville-Schaumburg | 65 |
| Detroit-Dearborn-Livonia | 55 |
| Seattle-Bellevue-Kent | 41 |
| Fort Worth-Arlington-Grapevine | 37 |
| Marietta | 36 |
| Atlanta-Sandy Springs-Roswell | 26 |
| Lake County-Porter County-Jasper County | 22 |
| Bend | 21 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493007L4GYNO2PUBS09 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3870428 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7383616059 | |
| Respondent ID (the HMDA filer code before 2018) | 5383616059 | 2004–2005 |
Established 14 August 2001. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Member First Mortgage's data.
Member First Mortgage's data
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