☰

Survey Results We asked readers after the Fed’s Sept. 16 hike: 50% of homeowners have a mortgage rate under 4%. See the full results

Home / Mortgage Lenders / Michigan / Novi

iAdvertiser Disclosure

Mortgage Lenders and Brokers in Novi, Michigan

Content reviewed by

Brian McKay | iEditorial Disclosure | ✓Fact Checked | Loan Rates Last Updated and Verified: October 7, 2026

Novi, Michigan mortgage lenders include JPMorgan Chase Bank, NAJPMorgan Chase Bank, NA47350 Grand River Ave, Novi, MI 48374A+5.0 ★Texas Ratio: 3.68%, First Merchants BankFirst Merchants Bank44350 W 12 Mile Rd, Novi, MI 48377A+5.0 ★Texas Ratio: 4.12%, Huntington National BankHuntington National Bank43200 W 10 Mile Rd, Novi, MI 48375A+5.0 ★Texas Ratio: 3.66%, Flagstar Bank NAFlagstar Bank NA24235 Novi Rd, Novi, MI 48375D3.3 ★Texas Ratio: 35.11%, Citizens Bank, NACitizens Bank, NA47650 Grand River Ave, Novi, MI 48374A+5.0 ★Texas Ratio: 5.44%, Bank of America NABank of America NA48050 Grand River Ave, Novi, MI 48374A+5.0 ★Texas Ratio: 4.14%, Fifth Third Bank, National AssociationFifth Third Bank, National Association39475 W 10 Mile Rd, Novi, MI 48375A+5.0 ★Texas Ratio: 3.22%, PNC Bank N.A.PNC Bank N.A.41325 W 10 Mile Rd, Novi, MI 48375A+5.0 ★Texas Ratio: 4.24%, Vibe Credit UnionVibe Credit Union22245 Haggerty Rd, Novi, MI 48375A+5.0 ★Texas Ratio: 5.97%, and Lake Michigan Credit UnionLake Michigan Credit Union496 Ada Dr SE STE 103, Ada, MI 49301. 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 Novi, Michigan in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Novi 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 Novi, Michigan

Market share is the lender's share of all home loans closed in Novi, 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
JPMorgan Chase Bank, NA 2 offices in Novi 47350 Grand River Ave, Novi, MI 48374 A+5.0 ★Texas Ratio: 3.68%	Conventional, Jumbo, HELOC	33 +3 HELOCs	3.2%	94.4%	$450,757	View
First Merchants Bank 1 office in Novi 44350 W 12 Mile Rd, Novi, MI 48377 A+5.0 ★Texas Ratio: 4.12%	Conventional, Jumbo, HELOC	25 +4 HELOCs	2.4%	96.2%	$459,800	View
Huntington National Bank 2 offices in Novi 43200 W 10 Mile Rd, Novi, MI 48375 A+5.0 ★Texas Ratio: 3.66%	Conventional, Jumbo, HELOC	11 +33 HELOCs	1.1%	64.7%	$482,272	View
Flagstar Bank NA 2 offices in Novi 24235 Novi Rd, Novi, MI 48375 D3.3 ★Texas Ratio: 35.11%	Conventional, HELOC	10 +1 HELOCs	1%	84.6%	$330,000	View
Citizens Bank, NA 2 offices in Novi 47650 Grand River Ave, Novi, MI 48374 A+5.0 ★Texas Ratio: 5.44%	Conventional, Jumbo, HELOC	6 +47 HELOCs	0.6%	66.7%	$435,000	View
Bank of America NA 1 office in Novi 48050 Grand River Ave, Novi, MI 48374 A+5.0 ★Texas Ratio: 4.14%	Conventional, HELOC	5 +19 HELOCs	0.5%	100%	$453,000	View
Fifth Third Bank, National Association 2 offices in Novi 39475 W 10 Mile Rd, Novi, MI 48375 A+5.0 ★Texas Ratio: 3.22%	Conventional, HELOC	5 +12 HELOCs	0.5%	50%	$397,000	View
PNC Bank N.A. ★ 1.7 stars, 3 reviews 1 office in Novi 41325 W 10 Mile Rd, Novi, MI 48375 A+5.0 ★Texas Ratio: 4.24%	Conventional, Jumbo, HELOC	3 +16 HELOCs	0.3%	100%	$681,666	View
Vibe Credit Union 22245 Haggerty Rd, Novi, MI 48375 A+5.0 ★Texas Ratio: 5.97%	Conventional, HELOC	1 +3 HELOCs	0.1%	50%	$175,000	View
Lake Michigan Credit Union 496 Ada Dr SE STE 103, Ada, MI 49301	Conventional, Jumbo, HELOC	35 +7 HELOCs	3.3%	100%	$642,428
Michigan Schools and Governmen 2151 W Stadium Blvd, Ann Arbor, MI 48103 4543 A+5.0 ★Texas Ratio: 3.99%	Conventional, FHA, Jumbo, HELOC	33 +5 HELOCs	3.2%	97.1%	$469,848	View
DFCU Financial 39570 W 10 Mile Rd, Novi, MI 48375 A+5.0 ★Texas Ratio: 1.86%	Conventional, Jumbo, HELOC	25 +49 HELOCs	2.4%	90.3%	$233,400	View
Michigan First Credit Union 26090 Ingersol Dr, Novi, MI 48375 A+5.0 ★Texas Ratio: 4.92%	Conventional	12	1.1%	85.7%	$419,166	View
Superior National Bank 201 S Superior Ave, Baraga, MI 49908 A+5.0 ★Texas Ratio: 4.32%	Conventional, Jumbo	6	0.6%	100%	$478,333	View
Genisys Credit Union 2100 Executive Hills Dr, Auburn Hills, MI 48326 2947 A+5.0 ★Texas Ratio: 5.37%	Conventional, Jumbo, HELOC	5 +8 HELOCs	0.5%	62.5%	$927,000	View
Credit Union One 2400 Green Rd, Ann Arbor, MI 48105 1550 A+5.0 ★Texas Ratio: 2.54%	Conventional, HELOC	4 +15 HELOCs	0.4%	80%	$275,000	View
Dart Bank 2469 Cedar Street, Delhi Township, MI 48842 A-4.9 ★Texas Ratio: 16.59%	Conventional, Jumbo	4	0.4%	100%	$657,500	View
Community Financial 12483 State St, Atlanta, MI 49709	Conventional, HELOC	3 +25 HELOCs	0.3%	70%	$58,333
Loc Credit Union 1025 E Grand River Ave, Brighton, MI 48116 1803 A+5.0 ★Texas Ratio: 1.78%	Conventional, HELOC	3 +6 HELOCs	0.3%	60%	$158,333	View
Michigan Educational Credit Union 4141 Jackson Rd, Ann Arbor, MI 48103 1827 A+5.0 ★Texas Ratio: 1.03%	Conventional, HELOC	3 +6 HELOCs	0.3%	75%	$95,000	View
Independent Bank 1004 W Midland Rd, Auburn, MI 48611 A5.0 ★Texas Ratio: 6.46%	Conventional, Jumbo, HELOC	3 +4 HELOCs	0.3%	100%	$1,131,666	View
Consumers Credit Union 6081 B Dr N, Battle Creek, MI 49014 8367 A+5.0 ★Texas Ratio: 3.56%	Conventional, HELOC	3 +3 HELOCs	0.3%	100%	$511,666	View
Northpointe Bank 3333 Deposit Dr Ne, Grand Rapids, MI 49546 A5.0 ★Texas Ratio: 8.47%	Conventional, Jumbo	3	0.3%	100%	$2,075,000	View
University of Michigan Credit Union 340 E Huron St, Ann Arbor, MI 48104 A+5.0 ★Texas Ratio: 5.54%	Conventional, HELOC	2 +4 HELOCs	0.2%	100%	$265,000	View
First State Bank 53950 Gratiot Ave, Chesterfield, MI 48051 A5.0 ★Texas Ratio: 6.84%	Conventional	2	0.2%	100%	$220,000	View
Michigan Legacy Credit Union 22855 Gibraltar Rd, Flat Rock, MI 48134 A+5.0 ★Texas Ratio: 2.18%	Conventional	2	0.2%	66.7%	$175,000	View
Zeal Credit Union 7240 Park Ave, Allen Park, MI 48101 A+5.0 ★Texas Ratio: 4.89%	Conventional	2	0.2%	66.7%	$75,000	View
True Community Credit Union 131 S Main St, Brooklyn, MI 49230 A5.0 ★Texas Ratio: 9.21%	Conventional	2	0.2%	100%	$115,000	View
Comerica Bank 39475 W 10 Mile Rd, Novi, MI 48375 A+5.0 ★Texas Ratio: 4.14%	Conventional, HELOC	1 +22 HELOCs	0.1%	100%	$455,000	View
Community Choice Credit Union 39440 W 14 Mile Rd, Commerce Township, MI 48390 3907 A+5.0 ★Texas Ratio: 5.61%	Conventional, HELOC	1 +4 HELOCs	0.1%	33.3%	$45,000	View
Keybank National Association 1352 S Main St, Adrian, MI 49221 A+5.0 ★Texas Ratio: 4.81%	Conventional, HELOC	1 +1 HELOCs	0.1%	100%	$515,000	View
Dearborn Federal Savings Bank 22315 Michigan Ave, Dearborn, MI 48124 A+5.0 ★Texas Ratio: 1.64%	Conventional	1	0.1%	100%	$505,000	View
Old National Bank 1422 S Winter St, Adrian, MI 49221 A+5.0 ★Texas Ratio: 4.98%	Conventional, Jumbo	1	0.1%	50%	$895,000	View
Alliance Catholic Credit Union 7130 Allen Rd, Allen Park, MI 48101 A+5.0 ★Texas Ratio: 1.86%	Conventional	1	0.1%	50%	$405,000	View
Dort Financial Credit Union 5750 Baypointe Blvd, Clarkston, MI 48346 3192 A+5.0 ★Texas Ratio: 4.06%	Conventional	1	0.1%	100%	$35,000	View
Wells Fargo Bank NA 34100 Woodward Ave, Birmingham, MI 48009 A+5.0 ★Texas Ratio: 5.36%	Conventional	1	0.1%	50%	$305,000	View
1St State Bank 3907 Wilder Rd, Bay City, MI 48706 A+5.0 ★Texas Ratio: 2.15%	Conventional	1	0.1%	100%	$255,000	View
Financial Plus Credit Union 4129 N Euclid Ave, Bay City, MI 48706	Conventional	1	0.1%	100%	$165,000
Arbor Financial Credit Union 7200 KALAMAZOO AVE SE, CALEDONIA, MI 49316 A5.0 ★Texas Ratio: 12.10%	Conventional	1	0.1%	100%	$295,000	View
Lafcu 1553 Lansing Rd, Charlotte, MI 48813 A+5.0 ★Texas Ratio: 1.86%	Conventional	1	0.1%	100%	$275,000	View
Bank of Ann Arbor 125 S 5th Ave, Ann Arbor, MI 48104 A+5.0 ★Texas Ratio: 1.88%	Conventional	1	0.1%	100%	$455,000	View
Frankenmuth Credit Union 710 N Van Dyke Rd, Bad Axe, MI 48413 A5.0 ★Texas Ratio: 8.18%	Conventional	1	0.1%	100%	$205,000	View
Michigan United Credit Union 3501 Hamlin Rd, Auburn Hills, MI 48326 A+5.0 ★Texas Ratio: 0.54%	HELOC	0 +2 HELOCs	0%	n/a		View
Christian Financial CU 41690 W 10 Mile Rd, Novi, MI 48375 A+5.0 ★Texas Ratio: 3.21%	HELOC	0 +1 HELOCs	0%	n/a		View
United Wholesale Mortgage	Conventional, FHA, VA, Jumbo, HELOC	182 +3 HELOCs	17.4%	87.4%	$439,065
Rocket Mortgage	Conventional, FHA, VA, Jumbo	176	16.8%	90.5%	$336,363
Mortgage Center LC	Conventional	19	1.8%	95%	$483,421
Staunton Financial Inc	Conventional, FHA, VA	18	1.7%	94.7%	$394,444
Gold Star Mortgage Financial Group, Corporation	Conventional, VA, Jumbo	15	1.4%	93.8%	$360,333
Mortgage 1 Incorporated	Conventional	8	0.8%	100%	$360,000
Success Mortgage Partners, Inc	Conventional	3	0.3%	100%	$218,333
Ross Mortgage Corporation	Conventional	3	0.3%	100%	$505,000
Msu Federal Credit Union	Conventional, HELOC	2 +9 HELOCs	0.2%	66.7%	$345,000
Legacy Mortgage	Conventional	2	0.2%	100%	$415,000
Uif Corporation	Conventional	2	0.2%	100%	$375,000
MMS Mortgage Services, Ltd.	Conventional	1	0.1%	100%	$205,000
21St Mortgage	Conventional	63	6%	29.4%	$62,142
Pulte Mortgage LLC	Conventional	38	3.6%	95%	$412,105
The Loan Store, Inc	Conventional, FHA, HELOC	22 +2 HELOCs	2.1%	96%	$389,545
CrossCountry Mortgage, LLC	Conventional, FHA, VA, HELOC	13 +1 HELOCs	1.2%	100%	$282,692
Greenstate Credit Union	Conventional	11	1.1%	45.2%	$49,545
loanDepot.com LLC	Conventional, VA, Jumbo	10	1%	76.9%	$335,000
Resicentral LLC	Conventional	8	0.8%	100%	$472,500
Toll Brothers Mortgage Company	Conventional, Jumbo	7	0.7%	92%	$850,714
Pennymac Loan Services LLC	Conventional, Jumbo	7	0.7%	88.9%	$462,142
Newrez LLC	Conventional, FHA	6	0.6%	42.9%	$186,666
Provident Funding Associates	Conventional	6	0.6%	75%	$475,000
Nationstar Mortgage	Conventional, FHA	6	0.6%	100%	$293,333
Union Home Mortgage Corp.	Conventional, HELOC	5 +3 HELOCs	0.5%	100%	$479,000
US Bank, N.A. A+5.0 ★Texas Ratio: 2.85%	Conventional, HELOC	5 +1 HELOCs	0.5%	83.3%	$587,000	View
Guaranteed Rate, Inc.	Conventional	5	0.5%	100%	$259,000
Freedom Mortgage Corporation	FHA, VA	5	0.5%	85.7%	$369,000
Triad Financial Services, Inc.	Conventional	5	0.5%	38.5%	$67,000
Spring Eq, LLC	Conventional, HELOC	4 +1 HELOCs	0.4%	40%	$72,500
Zippy Loans, LLC	Conventional	4	0.4%	30.8%	$45,000
Change Lending A+5.0 ★Texas Ratio: 3.68%	Conventional	4	0.4%	80%	$407,500	View
Mortgage Research Center	VA, Jumbo	4	0.4%	66.7%	$455,000
Zillow Home Loans, LLC	Conventional	4	0.4%	100%	$385,000
The Mortgage Link, Inc.	Conventional	4	0.4%	100%	$212,500
A&D Mortgage LLC A+5.0 ★Texas Ratio: 4.11%	Conventional, Jumbo	3	0.3%	100%	$748,333	View
Primelending	Conventional	3	0.3%	100%	$448,333
Sage Home Loans Corporation	Conventional	3	0.3%	100%	$351,666
Kind Lending, LLC	Conventional, Jumbo	3	0.3%	66.7%	$895,000
Cmg Mortgage Inc	Conventional	3	0.3%	100%	$238,333
Discover Bank	Conventional	3	0.3%	37.5%	$105,000
Raymond James Bank A+5.0 ★Texas Ratio: 3.19%	Conventional, Jumbo	3	0.3%	100%	$988,333	View
New American Funding, LLC.	Conventional, FHA	3	0.3%	75%	$238,333
RBC Bank (Georgia), N.A.	Conventional	3	0.3%	100%	$411,666
Navy Federal Credit Union	Conventional, HELOC	2 +1 HELOCs	0.2%	50%	$105,000
Premia Mortgage, LLC A5.0 ★Texas Ratio: 13.21%	Conventional, VA	2	0.2%	100%	$550,000	View
Cornerstone First Mortgage, LLC	Conventional	2	0.2%	100%	$485,000
Lakeview Loan Servicing, LLC	Conventional	2	0.2%	20%	$120,000
Gvc Mortgage, Inc.	Conventional	2	0.2%	100%	$230,000
Nbkc Bank	Conventional	2	0.2%	100%	$505,000
Guidance Residential, LLC	Conventional	2	0.2%	100%	$230,000
AmeriHome Mortgage Company, LLC	Conventional	2	0.2%	100%	$410,000
Amerisave Mortgage Company	Conventional	2	0.2%	50%	$195,000
Ocmbc, Inc. A+5.0 ★Texas Ratio: 5.05%	Conventional, Jumbo	2	0.2%	100%	$870,000	View
Highlands Residential Mortgage, Ltd.	Conventional	2	0.2%	100%	$735,000
Weichert Financial Services	Conventional	2	0.2%	100%	$460,000
V.I.P. Mortgage, Inc.	Conventional	2	0.2%	100%	$345,000
Mutual of Omaha Mortgage	Conventional	2	0.2%	100%	$335,000
Sunflower Bank, N.A. A5.0 ★Texas Ratio: 10.77%	Conventional	2	0.2%	100%	$340,000	View
Fairway Independent Mort Corp	Conventional	2	0.2%	100%	$175,000
Ubs Bank USA ★ 5 stars, 1 review A+5.0 ★Texas Ratio: 1.21%	Conventional	2	0.2%	100%	$505,000	View
Sofi Bank, National Association A+5.0 ★Texas Ratio: 0.51%	Conventional, Jumbo	2	0.2%	80%	$605,000	View
Carrington Mortgage Services LLC	Conventional	2	0.2%	100%	$260,000
Plains Commerce Bank A5.0 ★Texas Ratio: 9.09%	Conventional	2	0.2%	100%	$535,000	View
Plaza Home Mortgage, Inc	Conventional	2	0.2%	50%	$385,000
Tomo Mortgage LLC	Conventional	2	0.2%	100%	$295,000
Champions Funding, LLC	Conventional	2	0.2%	100%	$365,000
Better Mortgage Corporation	Conventional, HELOC	1 +3 HELOCs	0.1%	100%	$315,000
Third Federal Savings and Loan A+5.0 ★Texas Ratio: 2.32%	Conventional, HELOC	1 +3 HELOCs	0.1%	100%	$105,000	View
Alliant Credit Union	Conventional, Jumbo, HELOC	1 +1 HELOCs	0.1%	100%	$845,000
EMM Loans LLC	Conventional	1	0.1%	100%	$315,000
First Community Mortgage, Inc. A+5.0 ★Texas Ratio: 0.00%	Conventional	1	0.1%	100%	$445,000	View
Guaranteed Rate Affinity, LLC	Conventional	1	0.1%	100%	$785,000
Residential Wholesale Mortgage	Conventional	1	0.1%	100%	$625,000
Luminate Bank A5.0 ★Texas Ratio: 11.06%	Conventional	1	0.1%	100%	$255,000	View
Charles Schwab Bank, Ssb A+5.0 ★Texas Ratio: 0.14%	Conventional	1	0.1%	100%	$325,000	View
Howard Hanna Financial Services, Inc	Conventional	1	0.1%	100%	$565,000
Movement Mortgage, LLC	Conventional	1	0.1%	100%	$365,000
PHH Mortgage Corporation	Conventional	1	0.1%	100%	$515,000
Filo Mortgage, LLC	Conventional	1	0.1%	100%	$165,000
Guild Mortgage Company	Conventional	1	0.1%	100%	$155,000
East Coast Capital Corp.	Conventional	1	0.1%	100%	$335,000
Network Capital Funding Corporation	Conventional	1	0.1%	100%	$255,000
Strong Home Mortgage, LLC	Conventional	1	0.1%	100%	$455,000
American Internet Mortgage, Inc.	Conventional	1	0.1%	100%	$415,000
Churchill Mortgage Corporation	FHA	1	0.1%	100%	$345,000
Planet Home Lending, LLC	Conventional	1	0.1%	100%	$65,000
The Anderson Financial Group, Inc.	Conventional	1	0.1%	100%	$475,000
Wright Patt Credit Union Inc	Conventional	1	0.1%	100%	$395,000
Sierra Pacific Mortgage Co. Inc	Conventional	1	0.1%	100%	$225,000
Stockton Mortgage Corporation	Conventional	1	0.1%	100%	$265,000
Wings Financial Credit Union	Conventional	1	0.1%	100%	$125,000
Selfreliance Federal Credit Union	Conventional	1	0.1%	100%	$245,000
RoundPoint Mortgage Servicing LLC	Conventional	1	0.1%	100%	$185,000
Morgan Stanley Private Bank NA A4.8 ★Texas Ratio: 2.45%	Conventional	1	0.1%	100%	$345,000	View
Angel Oak Mortgage Solutions LLC	Conventional, Jumbo	1	0.1%	100%	$1,725,000
Goprime Mortgage, Inc.	VA	1	0.1%	100%	$755,000
Ark-La-Tex Financial Services LLC	Conventional	1	0.1%	100%	$135,000
Citibank, NA A+5.0 ★Texas Ratio: 2.82%	Conventional, Jumbo	1	0.1%	100%	$2,505,000	View
Coastal Community Bank B4.5 ★Texas Ratio: 20.96%	HELOC	0 +11 HELOCs	0%	n/a		View
Figure Lending LLC	HELOC	0 +7 HELOCs	0%	n/a
Valon Mortgage	HELOC	0 +3 HELOCs	0%	n/a
Fourleaf Federal Credit Union	HELOC	0 +2 HELOCs	0%	n/a
HomeBridge Financial Services, Inc	HELOC	0 +2 HELOCs	0%	0%
Goodleap, LLC	HELOC	0 +1 HELOCs	0%	n/a
Northwest Federal Credit Union	HELOC	0 +1 HELOCs	0%	n/a
Pentagon Federal Credit Union	HELOC	0 +1 HELOCs	0%	100%
Digital Federal Credit Union	HELOC	0 +1 HELOCs	0%	0%

Lender counts and market shares come from 2025 federal HMDA loan data, the public record of mortgage applications and closings. Health grades: MonitorBankRates, rates as of Oct 8, 2026.

Novi Mortgage Rate Trends

Daily average mortgage rates for Michigan compared with the national average, updated every evening.

30-Year Fixed MI Avg

7.495%

▲ 0.082 vs 7 days ago

15-Year Fixed MI Avg

7.088%

▲ 0.096 vs 7 days ago

Mortgage Lenders and Mortgage Brokers Near Me in Novi, Michigan

Looking for mortgage lenders near me or mortgage brokers near me in Novi? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Novi in 2025, with lenders based there listed first.

Types of Mortgage Lenders in Novi, MI

Use these to narrow the list above. Each category shows how many Novi, MI lenders fit and what that kind of lender is usually best for.

Mortgage companies and brokers 78 lenders. Nonbank lenders and brokers that shop several wholesale lenders; often the fastest closings Banks 38 lenders. Local and national banks with branches, portfolio and jumbo loans, and an MBR health grade Credit unions 36 lenders. Member owned, often lower fees and flexible underwriting for members FHA lenders 11 lenders. 3.5 percent down and credit scores into the 500s; the usual route for bad credit or low down payment buyers VA lenders 10 lenders. No down payment and no mortgage insurance for eligible veterans and service members Jumbo lenders 29 lenders. Loans above the conforming limit for higher priced homes Local lenders based in MI 46 lenders headquartered in Michigan, the closest thing to a mortgage lender near you

Who Lends in Novi, MI

Independent mortgage companies closed 67.7 percent of home loans in Novi, Michigan in 2025, banks 15.1 percent and credit unions 17.2 percent. United Wholesale Mortgage was the largest mortgage company, JPMorgan Chase Bank, NA the largest bank and Vibe Credit Union the largest credit union. Among lenders headquartered in Michigan, Flagstar Bank NA led with 10 loans.

67.7%

Mortgage companies

15.1%

Banks

17.2%

Credit unions

FHA loans

VA 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

All Michigan lenders 765 lenders Detroit 207 lenders Grand Rapids 201 lenders Warren 178 lenders Lansing 167 lenders Sterling Heights 175 lenders Livonia 179 lenders St. Clair Shores 138 lenders Westland 144 lenders Royal Oak 148 lenders Wyoming 152 lenders Troy 145 lenders Ann Arbor 156 lenders

Frequently Asked Questions About Mortgage Lenders in Novi, MI

Who is the largest mortgage lender in Novi, MI?

By home loans closed in 2025, JPMorgan Chase Bank, NA was the largest mortgage lender in Novi, Michigan with 33 loans, about 3.2 percent of the market. The largest lender headquartered in Michigan was Flagstar Bank NA with 10 loans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.

Which mortgage lenders in Novi, MI have the highest approval rates?

Among lenders with meaningful volume in Novi, Michigan, Rocket Mortgage approved the highest share of completed applications in 2025 at 90.5 percent, against a 76.1 percent average for all lenders. Approval share reflects the applicants a lender attracts as much as its underwriting, so compare it alongside loan programs and median loan size. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.

Which Novi, MI mortgage lenders offer FHA, VA and USDA loans?

11 lenders closed FHA loans in Novi, Michigan in 2025, led by United Wholesale Mortgage with 10. 10 lenders closed VA loans, led by United Wholesale Mortgage. 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.

Are credit unions and local banks included in this Novi, MI lender list?

Yes. 38 banks and 36 credit unions closed home loans in Novi, Michigan in 2025, alongside 78 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.

How are mortgage lenders in Novi, MI ranked on this page?

Lenders are ranked only by the number of home loans they closed in Novi, 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 Novi, 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 Novi. 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.