Largest lenders in Alcona County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | C | 73 | 43 | 27.4% | 6.99% |
| 2 | United Shore Financial Services | B | 34 | 29 | 8.8% | 6.63% |
| 3 | The Huntington National Bank | D | 27 | 15 | 25.9% | 7.63% |
| 4 | Mortgage Research Center | C | 23 | 9 | 43.5% | 5.99% |
| 5 | Citizens Bank | C | 11 | 4 | 27.3% | 7.78% |
| 6 | Newrez | D | 9 | 1 | 44.4% | 6.13% |
| 7 | GreenStone Farm Credit Services, FLCA | A | 9 | 7 | 0.0% | 6.90% |
| 8 | JPMorgan Chase Bank | B | 8 | 6 | 0.0% | 6.37% |
| 9 | Mortgage Center L.c | C | 8 | 5 | 0.0% | 6.63% |
| 10 | Mortgage 1 | A | 8 | 5 | 0.0% | 6.63% |
| 11 | Community Financial Credit Union | B | 8 | 5 | 25.0% | 7.25% |
| 12 | Unnamed lender 254900RNV63A0TIZNK90 | B | 8 | 5 | 12.5% | 7.25% |
| 13 | PNC Bank | D | 7 | 3 | 14.3% | 7.59% |
| 14 | AmeriSave Mortgage | D | 7 | 3 | 57.1% | 5.88% |
| 15 | MICHIGAN STATE UNIVERSITY Federal Credit Union | C | 7 | 5 | 14.3% | 6.88% |
| 16 | Nicolet National Bank | A | 7 | 3 | 14.3% | 7.50% |
| 17 | Genisys Credit Union | D | 6 | 5 | 0.0% | 7.25% |
| 18 | Credit Union One | D | 6 | 3 | 16.7% | 7.99% |
| 19 | Independent Bank | C | 6 | 5 | 0.0% | 6.75% |
| 20 | Fifth Third Bank | D | 5 | 1 | 80.0% | 6.63% |
| 21 | Crosscountry Mortgage | B | 5 | 2 | 0.0% | 6.63% |
| 22 | Mutual of Omaha Mortgage | C | 5 | 2 | 20.0% | 6.44% |
| 23 | Staunton Financial | B | 5 | 3 | 40.0% | 6.63% |
| 24 | J. Virgil | B | 5 | 4 | 0.0% | 6.88% |
| 25 | Cornerstone First Mortgage | C | 5 | 4 | 0.0% | 6.68% |
Best approval odds in Alcona County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Rocket Mortgage | 65 | 30.8% |
What Alcona County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Alcona County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 332 | 185 | 18.4% | 7.13% | $125,000 |
| 2024 | 346 | 204 | 17.6% | 6.99% | $135,000 |
| 2025 | 435 | 253 | 21.2% | 6.74% | $155,000 |
Frequently asked questions
21.2% of applications in Alcona County were denied in 2025, against 18.5% statewide in Michigan.
Rocket Mortgage, with 73 applications in 2025 and a denial rate of 27.4%.
The median mortgage application in Alcona County in 2025 was for $155,000; the median property value on originated loans was $240,000.