Mortgage Lenders and Brokers in Caro, Michigan
Brian McKay
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iEditorial Disclosure
Editorial DisclosureLender lists come from federal HMDA loan data. Average rates come from our daily monitoring network. Editorial content is independent of any advertiser relationships.
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✓Fact Checked
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Loan Rates Last Updated and Verified: October 7, 2026
Caro, Michigan mortgage lenders include Huntington National BankHuntington National Bank150 W Burnside St, Caro, MI 48723A+5.0 ★Texas Ratio: 3.66%, Independent BankIndependent Bank1111 W Caro Rd, Caro, MI 48723A5.0 ★Texas Ratio: 6.46%, Northstar BankNorthstar Bank1100 E Caro Rd, Caro, MI 48723A5.0 ★Texas Ratio: 12.49%, Frankenmuth Credit UnionFrankenmuth Credit Union1060 W Caro Rd, Caro, MI 48723A5.0 ★Texas Ratio: 8.18%, Team One Credit UnionTeam One Credit Union1130 CLEAVER RD, CARO, MI 48723A+5.0 ★Texas Ratio: 4.14%, Thumb Bank & TrustThumb Bank & Trust2543 S Sherman Rd, Applegate, MI 48401A+5.0 ★Texas Ratio: 0.17%, Michigan Schools and GovernmenMichigan Schools and Governmen2151 W Stadium Blvd, Ann Arbor, MI 48103 4543A+5.0 ★Texas Ratio: 3.99%, Fifth Third Bank, National AssociationFifth Third Bank, National Association475 Ada Drive, Ada Township, MI 49301A+5.0 ★Texas Ratio: 3.22%, Genisys Credit UnionGenisys Credit Union2100 Executive Hills Dr, Auburn Hills, MI 48326 2947A+5.0 ★Texas Ratio: 5.37%, and State Savings BankState Savings Bank49 N Benzie Blvd, Beulah, MI 49617A+5.0 ★Texas Ratio: 1.81%. Banks, credit unions and mortgage companies are listed together, with FHA, VA and local options flagged for quick comparison.
Lenders are ranked only by the number of home loans they closed in Caro, Michigan in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Caro are listed first, then lenders elsewhere in Michigan, then lenders from other states that closed loans there. Banks and credit unions carry a MonitorBankRates health grade, star rating and Texas Ratio, so you can judge how financially sound they are. Mortgage companies have no deposits to rate, so compare their loan programs, median loan and borrower reviews instead. Compare at least three lenders and ask each for a written loan estimate before you choose.
Mortgage Lenders and Brokers in Caro, Michigan
Market share is the lender's share of all home loans closed in Caro, Michigan. Approval share is approvals divided by completed applications. Grade is the MonitorBankRates Health and Safety Grade, available for banks and credit unions only. Average loan is the lender's mean loan amount here.
| Lender | Programs | Loans closed | Market share | Approval share | Average loan | View |
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2 offices in Caro 150 W Burnside St, Caro, MI 48723 A+5.0 ★Texas Ratio: 3.66% |
Conventional, FHA, HELOC | 7 +5 HELOCs |
5% | 77.8% | $109,285 | View |
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1 office in Caro 1111 W Caro Rd, Caro, MI 48723 A5.0 ★Texas Ratio: 6.46% |
Conventional, HELOC | 3 +4 HELOCs |
2.1% | 75% | $145,000 | View |
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1 office in Caro 1100 E Caro Rd, Caro, MI 48723 A5.0 ★Texas Ratio: 12.49% |
Conventional | 1 | 0.7% | 100% | $245,000 | View |
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1060 W Caro Rd, Caro, MI 48723 A5.0 ★Texas Ratio: 8.18% |
Conventional, USDA | 31 | 22.1% | 100% | $114,677 | View |
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1130 CLEAVER RD, CARO, MI 48723 A+5.0 ★Texas Ratio: 4.14% |
Conventional | 3 | 2.1% | 100% | $71,666 | View |
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2543 S Sherman Rd, Applegate, MI 48401 A+5.0 ★Texas Ratio: 0.17% |
Conventional | 2 | 1.4% | 100% | $55,000 | View |
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2151 W Stadium Blvd, Ann Arbor, MI 48103 4543 A+5.0 ★Texas Ratio: 3.99% |
Conventional | 2 | 1.4% | 100% | $125,000 | View |
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475 Ada Drive, Ada Township, MI 49301 A+5.0 ★Texas Ratio: 3.22% |
Conventional, HELOC | 1 +1 HELOCs |
0.7% | 100% | $135,000 | View |
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2100 Executive Hills Dr, Auburn Hills, MI 48326 2947 A+5.0 ★Texas Ratio: 5.37% |
Conventional | 1 | 0.7% | 50% | $65,000 | View |
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49 N Benzie Blvd, Beulah, MI 49617 A+5.0 ★Texas Ratio: 1.81% |
Conventional | 1 | 0.7% | 100% | $75,000 | View |
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1479 Straits Dr, Bay City, MI 48706 A+5.0 ★Texas Ratio: 4.72% |
Conventional | 1 | 0.7% | 100% | $105,000 | View |
FinancialEdge Credit Union
1199 S Euclid Ave, Bay City, MI 48706 |
Conventional | 1 | 0.7% | 100% | $105,000 | |
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230 Woodworth Ave, Alma, MI 48801 A+5.0 ★Texas Ratio: 0.63% |
Conventional | 1 | 0.7% | 100% | $85,000 | View |
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2936 Wilder Rd, Bay City, MI 48706 A+5.0 ★Texas Ratio: 3.16% |
Conventional | 1 | 0.7% | 100% | $145,000 | View |
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1553 Lansing Rd, Charlotte, MI 48813 A+5.0 ★Texas Ratio: 1.86% |
Conventional | 1 | 0.7% | 100% | $65,000 | View |
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1309 N Lincoln St, Bay City, MI 48708 6172 A5.0 ★Texas Ratio: 6.23% |
Conventional | 1 | 0.7% | 100% | $85,000 | View |
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★ 1.7 stars, 3 reviews 855 Marshall St, Allegan, MI 49010 A+5.0 ★Texas Ratio: 4.24% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Rocket Mortgage
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Conventional, FHA, VA | 21 | 15% | 78.6% | $145,476 | |
United Wholesale Mortgage
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Conventional, FHA, VA, USDA | 11 | 7.9% | 86.7% | $157,727 | |
Legacy Mortgage
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Conventional, FHA, USDA | 7 | 5% | 87.5% | $160,714 | |
Michigan Mutual, Inc
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Conventional, FHA | 5 | 3.6% | 100% | $75,000 | |
Msu Federal Credit Union
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Conventional | 1 | 0.7% | 100% | $245,000 | |
Gold Star Mortgage Financial Group, Corporation
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USDA | 1 | 0.7% | 100% | $125,000 | |
Success Mortgage Partners, Inc
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Conventional | 1 | 0.7% | 100% | $75,000 | |
GreenStone Farm Credit Services
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Conventional | 1 | 0.7% | 100% | $75,000 | |
BLG Holdings, LLC
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VA | 1 | 0.7% | 100% | $175,000 | |
Staunton Financial Inc
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Conventional | 1 | 0.7% | 100% | $425,000 | |
Everett Financial, Inc.
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Conventional, FHA | 4 | 2.9% | 100% | $75,000 | |
Consumer Real Estate Finance Co DBA Society Mortgage
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Conventional, FHA | 3 | 2.1% | 100% | $158,333 | |
Amerisave Mortgage Company
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Conventional | 3 | 2.1% | 37.5% | $51,666 | |
Mortgage Research Center
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VA | 3 | 2.1% | 66.7% | $241,666 | |
Newrez LLC
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Conventional, VA | 2 | 1.4% | 100% | $285,000 | |
Pennymac Loan Services LLC
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FHA, VA | 2 | 1.4% | 100% | $135,000 | |
Das Acquisition Company, LLC
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Conventional, FHA | 2 | 1.4% | 100% | $95,000 | |
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A+5.0 ★Texas Ratio: 0.00% |
VA | 1 | 0.7% | 100% | $215,000 | View |
American Financial Resources LLC
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FHA | 1 | 0.7% | 100% | $95,000 | |
Royal United Mortgage LLC
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Conventional | 1 | 0.7% | 100% | $65,000 | |
Triad Financial Services, Inc.
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Conventional | 1 | 0.7% | 50% | $35,000 | |
PHH Mortgage Corporation
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VA | 1 | 0.7% | 100% | $175,000 | |
Discover Bank
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Conventional | 1 | 0.7% | 33.3% | $45,000 | |
Union Home Mortgage Corp.
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Conventional | 1 | 0.7% | 100% | $195,000 | |
Mortgage300 Corporation
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Conventional | 1 | 0.7% | 100% | $185,000 | |
Nationstar Mortgage
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FHA | 1 | 0.7% | 100% | $105,000 | |
Zillow Home Loans, LLC
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FHA | 1 | 0.7% | 100% | $155,000 | |
New American Funding, LLC.
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FHA | 1 | 0.7% | 100% | $145,000 | |
The Loan Store, Inc
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Conventional | 1 | 0.7% | 100% | $195,000 | |
21St Mortgage
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Conventional | 1 | 0.7% | 33.3% | $65,000 | |
Figure Lending LLC
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HELOC | 0 +2 HELOCs |
0% | n/a |
Caro Mortgage Rate Trends
Daily average mortgage rates for Michigan compared with the national average, updated every evening.
Mortgage Lenders and Mortgage Brokers Near Me in Caro, Michigan
Looking for mortgage lenders near me or mortgage brokers near me in Caro? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Caro in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Caro, MI
Use these to narrow the list above. Each category shows how many Caro, MI lenders fit and what that kind of lender is usually best for.
Who Lends in Caro, MI
Independent mortgage companies closed 56.4 percent of home loans in Caro, Michigan in 2025, banks 12.9 percent and credit unions 30.7 percent. Rocket Mortgage was the largest mortgage company, Huntington National Bank the largest bank and Frankenmuth Credit Union the largest credit union. Among lenders headquartered in Michigan, Independent Bank led with 3 loans.
How to Read This List
A high approval share with a small median loan usually points to a lender comfortable with first time and FHA borrowers. A large median loan with conventional and jumbo programs points to a move up and jumbo specialist. The health grade says whether a bank or credit union is financially sound; it says nothing about service, which is what the reviews below are for.
Title or escrow companies usually handle closings in Michigan. State real estate transfer tax of $3.75 per $500 (0.75 percent) plus a county transfer tax of $0.55 per $500 (0.11 percent), customarily paid by the seller. No mortgage recording tax.
More Michigan Mortgage Lender Pages
Frequently Asked Questions About Mortgage Lenders in Caro, MI
By home loans closed in 2025, Huntington National Bank was the largest mortgage lender in Caro, Michigan with 7 loans, about 5 percent of the market. The largest lender headquartered in Michigan was Independent Bank with 3 loans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
13 lenders closed FHA loans in Caro, Michigan in 2025, led by United Wholesale Mortgage with 5. 8 lenders closed VA loans, led by Rocket Mortgage, and 4 closed USDA rural loans. Use the FHA and VA filters above the table to see only those lenders; FHA loans allow 3.5 percent down and lower credit scores, VA loans need no down payment for eligible veterans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Yes. 10 banks and 10 credit unions closed home loans in Caro, Michigan in 2025, alongside 28 independent mortgage companies and brokers. Banks and credit unions carry a MonitorBankRates health grade. Mortgage companies are not deposit institutions, so they have no health grade; their HMDA figures and borrower reviews stand in. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Lenders are ranked only by the number of home loans they closed in Caro, Michigan during 2025 as reported under the federal Home Mortgage Disclosure Act. No lender pays to be listed or to rank higher, and reviews do not change the order. Counts cover first and second lien loans on one to four unit homes for purchase, refinance and home improvement; home equity lines are counted separately.
Methodology and Sources
Lender rankings use the loan level records that lenders file under the Home Mortgage Disclosure Act, published by the FFIEC and the Consumer Financial Protection Bureau for the 2025 reporting year. Counts include originated first and subordinate lien loans on one to four unit homes in Caro, Michigan for purchase, refinance and other purposes; home equity lines of credit are counted separately and reverse mortgages and business purpose loans are excluded. Approval share is originations plus approved but not accepted applications divided by all completed applications (withdrawn and incomplete files are excluded). Lender type comes from the lender's federal regulator and the FFIEC National Information Center. City figures use the Census tracts that make up Caro. Health grades are MonitorBankRates data and are current as of the date shown. Lenders below the HMDA reporting thresholds do not appear. MonitorBankRates receives no payment for placement on this page. Last updated October 8, 2026.
