First State Bank of Middlebury · Michigan · 2025

First State Bank of Middlebury in Michigan: approval rate, denial rate and rates (2025)

First State Bank of Middlebury took 19 mortgage applications in Michigan in 2025, ranking #447 of 973 lenders active in the state. It originated 89.5% of them and denied 5.3% (5.6% of the applications it decided), against a statewide denial rate of 18.5%.

19Applicationsin MI
5.6%Decision denial ratestate 22.6%
Median ratestate 6.75%
$295,000Median loanstate $155,000
$5.2MVolume4 counties

First State Bank of Middlebury in Michigan vs the state

5.3%Denial rate-13.26 pts vs state
5.6%Decision denial rate-17.02 pts vs state
89.5%Origination rate+29.58 pts vs state
Median rate
Rate spread (pts)
$104kMedian applicant income
17Loans originated
1Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023181211.1%7.13%#442
202423180.0%#417
202519175.3%#447

What First State Bank of Middlebury lends in Michigan

By loan purpose

Home purchase 14 74% · 7.1% denied
Cash-out refinance 1 5% · 0.0% denied
Other / HELOC 4 21% · 0.0% denied

By loan type

Conventional 19 100% · 5.3% denied

Where in Michigan

Counties with the most First State Bank of Middlebury applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
St. Joseph County 971 11.1%
Cass County 770 0.0%
Berrien County 220 0.0%
Kalamazoo 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: 19 applications in 2025, of which 17 were originated and 1 denied.

5.3% of all applications, or 5.6% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are First State Bank of Middlebury'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