Lake Huron Credit Union · Michigan · 2025

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

Lake Huron Credit Union took 66 mortgage applications in Michigan in 2025, ranking #323 of 973 lenders active in the state. It originated 69.7% of them and denied 27.3% (28.1% of the applications it decided), against a statewide denial rate of 18.5%.

66Applicationsin MI
28.1%Decision denial ratestate 22.6%
6.50%Median ratestate 6.75%
$125,000Median loanstate $155,000
$6.9MVolume8 counties

Lake Huron Credit Union in Michigan vs the state

27.3%Denial rate+8.75 pts vs state
28.1%Decision denial rate+5.55 pts vs state
69.7%Origination rate+9.81 pts vs state
6.50%Median rate-0.25 pts vs state
0.85Rate spread (pts)+0.45 pts vs state
$72kMedian applicant income
46Loans originated
18Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023664728.8%7.00%#312
2024584220.7%7.25%#333
2025664627.3%6.50%#323

What Lake Huron Credit Union lends in Michigan

By loan purpose

Home purchase 23 35% · 4.4% denied
Refinance 2 3% · 100.0% denied
Cash-out refinance 38 58% · 31.6% denied
Other / HELOC 3 5% · 100.0% denied

By loan type

Conventional 66 100% · 27.3% denied

Why it denied Michigan applicants

Incomplete application 15 83%
Credit history 2 11%
Debt-to-income ratio 1 6%

Where in Michigan

Counties with the most Lake Huron Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Saginaw County 483412 25.0%
Bay County 1064 40.0%
Midland County 211 50.0%
Shiawassee County 211 50.0%
Iosco County 110 0.0%
Clinton County 110 0.0%
Gratiot County 110 0.0%
Baraga 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: 66 applications in 2025, of which 46 were originated and 18 denied.

27.3% of all applications, or 28.1% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Lake Huron Credit Union originated in Michigan in 2025 was 6.50%, against a statewide median of 6.75%.

About this data. Figures are Lake Huron 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