West Michigan Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
6th33.7% deniedPricingmedian rate spread over APOR, weight 30%
4th1.51 ptsProcesswithdrawn + incomplete share, weight 15%
89th2.0%Closing coststotal loan costs ÷ loan amount, weight 10%
94th0.50% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 165 | 77 | 30.3% | 35.2% | 7.25% | $6.1M |
| 2024 | 140 | 60 | 39.3% | 41.4% | 7.75% | $3.6M |
| 2025 | 200 | 108 | 33.0% | 33.7% | 7.25% | $8.8M |
What West Michigan Credit Union lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 14 manufactured homes, 6 investment properties.
Why West Michigan Credit Union denies applications
Primary reason reported for each of the 66 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at West Michigan Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 57 | 18 | 58.9% |
| $50k – $100k | 77 | 45 | 25.3% |
| $100k – $150k | 37 | 25 | 16.7% |
| $150k – $250k | 22 | 16 | 27.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 35 | 18 | 40.0% |
| 45–54 | 48 | 30 | 28.3% |
| 55–64 | 47 | 26 | 31.9% |
| 65–74 | 37 | 20 | 28.6% |
| Over 74 | 20 | 10 | 40.0% |
Where West Michigan Credit Union lends
1 states and 20 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Michigan | 200 | 108 | 33.0% | 7.25% | #209 |
Frequently asked questions
West Michigan Credit Union denied 33.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 6th percentile of small mortgage lenders.
The most common reason West Michigan Credit Union gave in 2025 was "debt-to-income ratio", cited on 59.1% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans West Michigan Credit Union originated in 2025 was 7.25%, and its median rate spread over the average prime offer rate was 1.51 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 13% of its applications were for home purchases, 37% for refinancing (including cash-out), and 51% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.