Baxter Credit Union · Michigan · 2025

Baxter Credit Union in Michigan: approval rate, denial rate and rates (2025)

Baxter Credit Union took 53 mortgage applications in Michigan in 2025, ranking #343 of 973 lenders active in the state. It originated 49.1% of them and denied 32.1% (32.1% of the applications it decided), against a statewide denial rate of 18.5%.

53Applicationsin MI
32.1%Decision denial ratestate 22.6%
6.56%Median ratestate 6.75%
$155,000Median loanstate $155,000
$15MVolume26 counties

Baxter Credit Union in Michigan vs the state

32.1%Denial rate+13.56 pts vs state
32.1%Decision denial rate+9.50 pts vs state
49.1%Origination rate-10.83 pts vs state
6.56%Median rate-0.19 pts vs state
0.01Rate spread (pts)-0.39 pts vs state
$130kMedian applicant income
26Loans originated
17Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
202334238.8%7.50%#364
2024593120.3%7.00%#331
2025532632.1%6.56%#343

What Baxter Credit Union lends in Michigan

By loan purpose

Home purchase 21 40% · 23.8% denied
Refinance 5 9% · 40.0% denied
Cash-out refinance 7 13% · 28.6% denied
Home improvement 10 19% · 40.0% denied
Other / HELOC 10 19% · 40.0% denied

By loan type

Conventional 53 100% · 32.1% denied

Why it denied Michigan applicants

Debt-to-income ratio 7 41%
Credit history 6 35%
Collateral 4 24%

Where in Michigan

Counties with the most Baxter Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 943 33.3%
Berrien County 750 0.0%
Oakland County 550 0.0%
Cass County 312 66.7%
Macomb County 311 33.3%
Kent County 210 0.0%
St. Clair County 201 50.0%
Saginaw County 201 50.0%
Ingham County 211 50.0%
Clare County 211 50.0%

Other large lenders in Michigan

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 30,64416.3%6.75%
United Shore Financial ServicesB 29,33011.7%6.60%
The Huntington National BankD 20,04730.0%7.49%
Lake Michigan Credit UnionA 16,6625.6%6.75%
Fifth Third BankD 11,17626.4%7.50%
21st MortgageF 7,42453.4%11.04%
Citizens BankC 6,59229.0%7.65%
Triad Financial ServicesD 6,42656.1%8.49%
Union Home MortgageB 5,3034.3%6.75%
PNC BankD 5,16126.3%7.36%

Frequently asked questions

Michigan: 53 applications in 2025, of which 26 were originated and 17 denied.

32.1% of all applications, or 32.1% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Baxter Credit Union originated in Michigan in 2025 was 6.56%, against a statewide median of 6.75%.

About this data. Figures are Baxter Credit Union's own HMDA filing for properties located in Michigan, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology