Applications / Mortgage Analytics / Lenders / Michigan / Michigan Mutual
Port Huron, MI · Independent non-bank lender · CFPB · 1,473 loans in 2025
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1,473
loans originated, 2025
2,680
applications, 2025
38
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Michigan Mutual, a Port Huron mortgage company lending in 38 states, made 1,473 loans in 2025, less than half its 2024 total.
Its loans fell 58%, from 3,486 to 1,473, while the whole market grew 10%. That was a steeper fall than at almost every similar lender (an independent non-bank lender making between half and twice as many loans). Its count has fallen each year since its peak of 10,588 in 2020. It may have chosen to pull back, as the smaller shares in its distant markets could suggest, or lost business to rivals; the figures do not say which.
Purchases made up 84.7% of its loans. Borrowers with low or moderate incomes (LMI) took 38.3%, against 28.5% at the typical similar lender, a higher share than at more than four in five of them. Loans insured by the Federal Housing Administration (FHA) made up 30.1%, against 22.6%, and its typical loan was $245,000, against $315,000.
Manufactured homes accounted for 6.4% of its loans, against 0.9% at the typical similar lender, higher than at almost all of them. A quarter of its loans (25.3%) went to low- and moderate-income neighborhoods, against 19.0% at peers.
It lends in 175 metros, with Michigan its main state. Outside home it holds small shares that fell with its volume: in Bakersfield-Delano, CA, its share dropped from 1.0% to 0.4%. In 2025 it first lent in Dothan, AL.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. 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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Michigan Mutual took 2,680 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 84.7% · Refinance 15.3%
Conventional 60.4% · FHA 30.1% · VA 7.8% · USDA (RHS or FSA) 1.6% · of 1,473 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 | 532 | 36.1% |
| Florida | 157 | 10.7% |
| Pennsylvania | 110 | 7.5% |
| California | 108 | 7.3% |
| North Carolina | 75 | 5.1% |
| Ohio | 68 | 4.6% |
| Arizona | 54 | 3.7% |
| Indiana | 38 | 2.6% |
| Maryland | 34 | 2.3% |
| Texas | 32 | 2.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Warren-Troy-Farmington Hills | 278 |
| Detroit-Dearborn-Livonia | 102 |
| Phoenix-Mesa-Chandler | 44 |
| Bakersfield-Delano | 42 |
| Tampa | 33 |
| Goldsboro | 22 |
| Cleveland | 21 |
| Flint | 21 |
| Grand Rapids-Wyoming-Kentwood | 21 |
| Charlotte-Concord-Gastonia | 19 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300TK6RZQSFXZHV09 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3871966 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 77983500003 | 2004–2017 |
Established 30 December 1992. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Michigan Mutual's data.
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