Horizon Bank in Michigan vs the state
21.3%Denial rate+2.81 pts vs state
23.2%Decision denial rate+0.66 pts vs state
67.3%Origination rate+7.42 pts vs state
6.13%Median rate-0.63 pts vs state
-0.24Rate spread (pts)-0.64 pts vs state
$100kMedian applicant income
770Loans originated
244Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,204 | 761 | 25.3% | 6.89% | #58 |
| 2024 | 1,057 | 686 | 23.9% | 6.99% | #70 |
| 2025 | 1,144 | 770 | 21.3% | 6.13% | #66 |
What Horizon Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Horizon Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Berrien County | 188 | 118 | 48 | 25.5% |
| Kalamazoo County | 121 | 90 | 17 | 14.0% |
| Wexford County | 108 | 80 | 14 | 13.0% |
| Kent County | 81 | 49 | 18 | 22.2% |
| Mecosta County | 48 | 34 | 12 | 25.0% |
| Missaukee County | 46 | 33 | 11 | 23.9% |
| St. Joseph County | 36 | 27 | 6 | 16.7% |
| Midland County | 35 | 27 | 5 | 14.3% |
| Allegan County | 33 | 23 | 4 | 12.1% |
| Ottawa County | 33 | 27 | 6 | 18.2% |
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: 1,144 applications in 2025, of which 770 were originated and 244 denied.
21.3% of all applications, or 23.2% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Horizon Bank originated in Michigan in 2025 was 6.13%, against a statewide median of 6.75%.
About this data. Figures are Horizon 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