Mortgage lending in Traverse City, MI

4,215 mortgages were originated in the Traverse City, MI area in 2025, and here is what they cost.

Loans originated

4,215

Median rate

6.875%

Median lender fees

$4,401

Median loan amount

$245,000

Median spread over APOR

0.286

Paid discount points

28%

Received lender credits

22.2%

Purchases / refinances

43.1% / 32.9%

Conventional / FHA / VA

88.4% / 6.5% / 4.9%

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 62.6% of loans here — see methodology.

Who lent here

Lenders with at least 50 loans in the Traverse City, MI area, ranked by volume.