Metro area · MI
Lenders in Saginaw, MI
17 lenders made 42 multifamily loans in the Saginaw, MI metro area in 2024 and 2025, $64.6M in all. Isabella Bank made the most, with 12. The typical loan was about $300K.
- Evidence
- Multifamily loans placed in the metro area, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 17
- HMDA,
- Multifamily loans, 2024-25
- 42
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $64.6M
- HMDA,
- Typical loan
- $300K
- HMDA,
Cite this
Source: The Lender Report, Lenders in Saginaw, MI, https://lender.report/lenders-in/saginaw-mi/, data as of December 31, 2025.
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This page lists who has made multifamily loans here. Loan Comps shows who has made a loan like yours, with the loans to prove it.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans |
|---|---|---|---|---|---|---|
| Isabella Bank multifamily record | Bank | Mount Pleasant, MI | 12 | $4.92M | 5 | 7 |
| 1st State Bank multifamily record | Bank | Saginaw, MI | 8 | $5.68M | 5 | 3 |
| Horizon Bank multifamily record | Bank | Michigan City, IN | 4 | $3.81M | 2 | 2 |
| Frankenmuth Credit Union multifamily record | Credit union | Frankenmuth, MI | 3 | $1.78M | 3 | 0 |
| Velocity Commercial Capital LLC multifamily record | Non-bank | Westlake Village, CA | 2 | $340K | 1 | 1 |
| First Merchants Bank multifamily record | Bank | Muncie, IN | 1 | $14.0M | 1 | 0 |
| Berkadia Commercial Mortgage multifamily record | Non-bank | Ambler, PA | 1 | $12.0M | 0 | 1 |
| First American Bank multifamily record | Bank | Elk Grove Village, IL | 1 | $9.00M | 0 | 1 |
| Fifth Third Bank, National Association multifamily record | Bank | Cincinnati, OH | 1 | $7.60M | 1 | 0 |
| Lake Trust Credit Union multifamily record | Credit union | Brighton, MI | 1 | $1.90M | 1 | 0 |
| Regions Bank multifamily record | Bank | Birmingham, AL | 1 | $1.30M | 0 | 1 |
| RF Renovo Management Company, LLC multifamily record | Non-bank | Chicago, IL | 1 | $1.20M | 1 | 0 |
| The Dart Bank multifamily record | Bank | Mason, MI | 1 | $480K | 1 | 0 |
| Arbor Financial Credit Union | Credit union | Kalamazoo, MI | 1 | $300K | 0 | 1 |
| Citadel Servicing Corporation multifamily record | Non-bank | Irvine, CA | 1 | $200K | 0 | 1 |
| County | Loans | Dollars | Lenders |
|---|---|---|---|
| Saginaw County, MI | 41 | $52.9M | 16 |
A county is listed for a year only when the public file holds 5 or more multifamily loans there that year.
| Loan size | Loans |
|---|---|
| Under $1M | 29 |
| $1M to $2.5M | 8 |
| $2.5M to $5M | 1 |
| $5M to $10M | 2 |
| $10M or more | 2 |
- Lenders made 42 multifamily loans totaling $64.6M in Saginaw, MI in 2024 and 2025. HMDA,
- 1 of these loans was made by lenders that have since merged or closed. They are counted in the totals here and appear in no lender's row. HMDA,
- 22 of the loans were made in 2025 and 20 in 2024. HMDA,
- The typical loan in Saginaw, MI was about $300K, with the middle half between $180K and $1.2M. HMDA,
- 29 of the loans were under $1M, and 4 were $5M or more. HMDA,
- Lenders reported a median rate of 7.50% on 31 loans in Saginaw, MI, with the middle half between 6.75% and 8.00%. HMDA,
- The median term was 10 years. HMDA,
- The median loan to value was 67%. HMDA,
- 45% of the loans were refinancings and 43% were purchases. HMDA,
- Banks and savings institutions made 30 of the loans, credit unions 6, and non-banks 5. HMDA,
- The five most active lenders made 69.0% of the loans. HMDA,
- The three most active lenders were Isabella Bank with 12, 1st State Bank with 8, and Horizon Bank with 4. HMDA,
- 8 of the 17 lenders are based in Michigan. The rest are based elsewhere, most often in California, Illinois and Indiana. HMDA,
- The most common property size was 5 to 24 units, with 31 loans. HMDA,
- 1 county in the metro area has loans on record, and Saginaw County, MI has the most, with 41. HMDA,
How this list is defined
- Measure
- Multifamily loans made in the Saginaw, MI metro area
- Period
- 2024 and 2025
- Formula
- Count, by lender, of HMDA records for multifamily dwellings of 5 or more units placed in the metro area, manufactured-home parks excluded, for each year in which the public file holds 5 or more such loans there.
- Order
- Largest first by loans recorded in the place, then dollars, then name. Payment is not part of the order.
- As of
- 2025
- Source
- HMDA
- Changelog
- : First published, with the data built on this date.
What we don't know
- Whether any of these lenders is taking new loans today.
- What they charge or require beyond the rate and term that HMDA reports.
- Loans on office, retail, industrial or hotel property. HMDA covers dwelling-secured loans only.
A metro area or county is named for a year only when the public file holds 5 or more multifamily loans there that year, so a small place is never exposed by a count.
HMDA covers dwelling-secured loans. Amounts are the midpoints of $10,000 bands, and each loan has a year, never a date.
Lenders that merged or stopped filing are left out.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.