Mortgage lending in Ann Arbor, MI

7,142 mortgages were originated in the Ann Arbor, MI area in 2025, and here is what they cost.

Loans originated

7,142

Median rate

6.720%

Median lender fees

$4,111

The going rate is the federal "average prime offer rate" for a comparable loan; 0.5 means half a percentage point above it.

Median loan amount

$245,000

Above the going rate (spread over APOR)

0.210

Paid discount points

29.6%

Received lender credits

22.9%

Purchases / refinances

48.3% / 29.7%

Conventional / FHA / VA

92.6% / 4.5% / 2.8%

Figures are medians of loans actually originated in 2025, as reported under the Home Mortgage Disclosure Act. They describe what borrowers received, not what you would be offered: HMDA contains no credit scores, so these numbers cannot be read as pricing for any individual. Lender fees are reported for 67.3% of loans here — see methodology.

Who lent here

Lenders with at least 50 loans in the Ann Arbor, MI area, ranked by volume.