Family Financial Credit Union · Michigan · 2025

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

Family Financial Credit Union took 70 mortgage applications in Michigan in 2025, ranking #314 of 973 lenders active in the state. It originated 54.3% of them and denied 28.6% (33.9% of the applications it decided), against a statewide denial rate of 18.5%.

70Applicationsin MI
33.9%Decision denial ratestate 22.6%
7.25%Median ratestate 6.75%
$45,000Median loanstate $155,000
$2.0MVolume5 counties

Family Financial Credit Union in Michigan vs the state

28.6%Denial rate+10.05 pts vs state
33.9%Decision denial rate+11.32 pts vs state
54.3%Origination rate-5.60 pts vs state
7.25%Median rate+0.50 pts vs state
Rate spread (pts)
$63kMedian applicant income
38Loans originated
20Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023875818.4%7.75%#276
2024813723.5%7.50%#291
2025703828.6%7.25%#314

What Family Financial Credit Union lends in Michigan

By loan purpose

Home purchase 1 1% · 0.0% denied
Refinance 3 4% · 100.0% denied
Cash-out refinance 5 7% · 60.0% denied
Home improvement 13 19% · 30.8% denied
Other / HELOC 48 69% · 20.8% denied

By loan type

Conventional 70 100% · 28.6% denied

Why it denied Michigan applicants

Debt-to-income ratio 9 45%
Credit history 7 35%
Collateral 4 20%

Where in Michigan

Counties with the most Family Financial Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Muskegon County 563016 28.6%
Oceana County 1164 36.4%
Newaygo County 110 0.0%
Kent County 100 0.0%
Mason County 110 0.0%

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: 70 applications in 2025, of which 38 were originated and 20 denied.

28.6% of all applications, or 33.9% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Family Financial Credit Union originated in Michigan in 2025 was 7.25%, against a statewide median of 6.75%.

About this data. Figures are Family Financial 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