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Allegan County, Michigan · 2025

Mortgage lenders in Allegan County, MI: denial rates and top lenders (2025)

288 lenders acted on 5,622 mortgage applications for properties in Allegan County in 2025. 17.8% were denied (Michigan: 18.5%). Median rate on closed loans 6.88%; median loan $175,000; median property value $355,000.

5.6kApplications
17.8%Denial ratestate 18.5%
6.88%Median ratestate 6.75%
$175,000Median loan
$355,000Median property value

Largest lenders in Allegan County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Lake Michigan Credit Union A 647489 7.1%6.88%
2 The Huntington National Bank D 459258 30.7%7.59%
3 Consumers Credit Union C 271202 8.9%6.38%
4 Fifth Third Bank D 266153 24.8%7.50%
5 Rocket Mortgage C 249186 16.5%6.63%
6 United Shore Financial Services B 230162 13.9%6.38%
7 Triad Financial Services D 21342 49.3%8.49%
8 ADVIA Federal Credit Union D 13172 26.7%7.00%
9 United Bank of Michigan D 12281 11.5%—
10 Mercantile Bank C 11484 12.3%6.75%
11 PNC Bank D 9548 34.7%7.36%
12 Honor Credit Union D 8946 29.2%7.25%
13 Arbor Financial Credit Union B 8465 1.2%7.38%
14 Newrez D 8330 13.3%6.69%
15 21st Mortgage F 7712 44.2%11.22%
16 Unnamed lender 5493001I9VOT1BTB5V75 D 6951 11.6%6.75%
17 The Dart Bank B 6851 4.4%6.88%
18 United Federal Credit Union D 6746 17.9%7.53%
19 Northern Mortgage Services B 5748 0.0%6.49%
20 Mortgage Center L.c C 5446 1.9%6.50%
21 Success Mortgage Partners B 5442 0.0%6.63%
22 Macatawa Bank, N. A. D 5438 27.8%—
23 Mortgage Research Center C 5323 28.3%6.50%
24 Freedom Mortgage B 4717 12.8%6.25%
25 Union Home Mortgage B 4539 4.4%6.63%

Best approval odds in Allegan County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Northern Mortgage Services510.0%
2Arbor Financial Credit Union681.5%
3The Dart Bank565.4%
4Lake Michigan Credit Union5568.3%
5Consumers Credit Union22610.6%
6Unnamed lender 5493001I9VOT1BTB5V755913.6%
7Mercantile Bank9914.1%
8United Bank of Michigan9614.6%
9United Shore Financial Services20215.8%
10Rocket Mortgage23817.2%

What Allegan County borrowers applied for

By loan purpose

Home purchase 2,138 38% · 12.2% denied
Refinance 1,044 19% · 15.1% denied
Cash-out refinance 911 16% · 20.0% denied
Home improvement 731 13% · 25.4% denied
Other / HELOC 798 14% · 26.6% denied

By loan type

Conventional 4,863 86% · 17.6% denied
FHA 499 9% · 20.8% denied
VA 246 4% · 14.2% denied
USDA / RHS 14 0% · 28.6% denied

Why applications were denied

Debt-to-income ratio 318 32%
Credit history 290 30%
Collateral 156 16%
Incomplete application 125 13%
Other 46 5%
Unverifiable information 26 3%
Insufficient cash 15 2%
Employment history 4 0%

Allegan County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20234,7532,82420.6%7.25%$135,000
20245,2113,14220.5%7.13%$155,000
20255,6223,39817.8%6.88%$175,000

Frequently asked questions

17.8% of applications in Allegan County were denied in 2025, against 18.5% statewide in Michigan.

Lake Michigan Credit Union, with 647 applications in 2025 and a denial rate of 7.1%.

The median mortgage application in Allegan County in 2025 was for $175,000; the median property value on originated loans was $355,000.