Lender comparison
Michigan Mutual (MiMutual Mortgage) vs Towne Mortgage Company
Two homegrown Michigan direct lenders that both shine on the government and renovation loans big online lenders fumble. MiMutual runs out of Port Huron, Towne out of Troy; both underwrite in-house and handle FHA, VA and USDA well. This one comes down to product fit and who gives you the sharper quote.
| Michigan Mutual (MiMutual Mortgage) | Towne Mortgage Company | |
|---|---|---|
| Our score | 4.0 / 5 | 4.0 / 5 |
| Best for | Government loans from a Michigan-based direct lender | FHA and renovation loans with hands-on processing |
| Min. credit score | 580 | 580 |
| Min. down payment | 3.5% (FHA) | 3.5% (FHA) |
| Headquarters | Port Huron, MI | Troy, MI |
| NMLS | #12901 | #3028 |
| Founded | 1992 | 1982 |
When Michigan Mutual (MiMutual Mortgage) wins
- A broader menu including jumbo and conventional
- In-house underwriting and servicing
- Statewide direct-lender reach from Port Huron
When Towne Mortgage Company wins
- Deep FHA/USDA and 203(k) renovation expertise
- Manual underwriting for thin credit files
- Hands-on processing you can talk to
The verdict
For a straightforward FHA, VA or conventional loan, both are solid Michigan choices — compare their Loan Estimates directly. For a renovation loan or a thin credit file that needs manual underwriting, Towne's specialty tips it; for a wider product menu, MiMutual has the edge.
Scores are editorial and unpaid. Always get a written Loan Estimate from each lender and compare the APR and total closing costs — see all Michigan lender reviews or today's rates. Verify licensing at NMLS Consumer Access.