Ixonia Bank in Michigan vs the state
6.7%Denial rate-11.85 pts vs state
10.0%Decision denial rate-12.58 pts vs state
57.8%Origination rate-2.11 pts vs state
6.81%Median rate+0.06 pts vs state
0.59Rate spread (pts)+0.19 pts vs state
$96kMedian applicant income
26Loans originated
3Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 29 | 17 | 13.8% | 6.99% | #382 |
| 2024 | 32 | 18 | 6.3% | 6.88% | #383 |
| 2025 | 45 | 26 | 6.7% | 6.81% | #361 |
What Ixonia Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Ixonia Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Berrien County | 5 | 4 | 0 | 0.0% |
| Macomb County | 4 | 3 | 0 | 0.0% |
| Calhoun County | 4 | 2 | 0 | 0.0% |
| Wayne County | 4 | 2 | 1 | 25.0% |
| Chippewa County | 3 | 2 | 0 | 0.0% |
| Kalamazoo County | 3 | 2 | 1 | 33.3% |
| Dickinson County | 2 | 1 | 0 | 0.0% |
| Cass County | 2 | 1 | 1 | 50.0% |
| Van Buren County | 1 | 1 | 0 | 0.0% |
| Washtenaw County | 1 | 0 | 0 | 0.0% |
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: 45 applications in 2025, of which 26 were originated and 3 denied.
6.7% of all applications, or 10.0% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Ixonia Bank originated in Michigan in 2025 was 6.81%, against a statewide median of 6.75%.
About this data. Figures are Ixonia 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