ChoiceOne Bank in Michigan vs the state
18.5%Denial rate-0.03 pts vs state
21.9%Decision denial rate-0.64 pts vs state
64.3%Origination rate+4.45 pts vs state
6.75%Median rate0.00 pts vs state
0.44Rate spread (pts)+0.04 pts vs state
$94kMedian applicant income
929Loans originated
267Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,391 | 906 | 21.3% | 6.88% | #52 |
| 2024 | 1,328 | 879 | 20.0% | 7.00% | #58 |
| 2025 | 1,444 | 929 | 18.5% | 6.75% | #58 |
What ChoiceOne Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most ChoiceOne Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Kent County | 233 | 159 | 31 | 13.3% |
| Muskegon County | 157 | 96 | 32 | 20.4% |
| Lapeer County | 144 | 86 | 35 | 24.3% |
| Newaygo County | 131 | 82 | 27 | 20.6% |
| Genesee County | 125 | 83 | 26 | 20.8% |
| St. Clair County | 123 | 74 | 31 | 25.2% |
| Ottawa County | 84 | 59 | 13 | 15.5% |
| Oakland County | 73 | 44 | 12 | 16.4% |
| Macomb County | 63 | 36 | 8 | 12.7% |
| Livingston County | 45 | 31 | 8 | 17.8% |
Other large lenders in Michigan
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 30,644 | 16.3% | 6.75% |
| United Shore Financial Services | B | 29,330 | 11.7% | 6.60% |
| The Huntington National Bank | D | 20,047 | 30.0% | 7.49% |
| Lake Michigan Credit Union | A | 16,662 | 5.6% | 6.75% |
| Fifth Third Bank | D | 11,176 | 26.4% | 7.50% |
| 21st Mortgage | F | 7,424 | 53.4% | 11.04% |
| Citizens Bank | C | 6,592 | 29.0% | 7.65% |
| Triad Financial Services | D | 6,426 | 56.1% | 8.49% |
| Union Home Mortgage | B | 5,303 | 4.3% | 6.75% |
| PNC Bank | D | 5,161 | 26.3% | 7.36% |
Frequently asked questions
Michigan: 1,444 applications in 2025, of which 929 were originated and 267 denied.
18.5% of all applications, or 21.9% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans ChoiceOne Bank originated in Michigan in 2025 was 6.75%, against a statewide median of 6.75%.
About this data. Figures are ChoiceOne Bank'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