Interra Credit Union · Michigan · 2025

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

Interra Credit Union took 56 mortgage applications in Michigan in 2025, ranking #337 of 973 lenders active in the state. It originated 67.9% of them and denied 16.1% (18.4% of the applications it decided), against a statewide denial rate of 18.5%.

56Applicationsin MI
18.4%Decision denial ratestate 22.6%
7.25%Median ratestate 6.75%
$135,000Median loanstate $155,000
$5.9MVolume9 counties

Interra Credit Union in Michigan vs the state

16.1%Denial rate-2.45 pts vs state
18.4%Decision denial rate-4.21 pts vs state
67.9%Origination rate+7.97 pts vs state
7.25%Median rate+0.50 pts vs state
0.25Rate spread (pts)-0.15 pts vs state
$92kMedian applicant income
38Loans originated
9Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023413114.6%7.13%#350
2024664816.7%7.88%#320
2025563816.1%7.25%#337

What Interra Credit Union lends in Michigan

By loan purpose

Home purchase 23 41% · 4.4% denied
Refinance 9 16% · 11.1% denied
Cash-out refinance 6 11% · 33.3% denied
Home improvement 15 27% · 26.7% denied
Other / HELOC 3 5% · 33.3% denied

By loan type

Conventional 56 100% · 16.1% denied

Why it denied Michigan applicants

Collateral 4 44%
Credit history 2 22%
Debt-to-income ratio 2 22%
Other 1 11%

Where in Michigan

Counties with the most Interra Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
St. Joseph County 27195 18.5%
Cass County 21134 19.0%
Benzie County 220 0.0%
Wexford County 110 0.0%
Oceana County 110 0.0%
Branch County 100 0.0%
Berrien County 100 0.0%
Calhoun County 110 0.0%
Macomb 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: 56 applications in 2025, of which 38 were originated and 9 denied.

16.1% of all applications, or 18.4% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

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

About this data. Figures are Interra 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