Alpena County, Michigan · 2025

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

107 lenders acted on 616 mortgage applications for properties in Alpena County in 2025. 18.0% were denied (Michigan: 18.5%). Median rate on closed loans 6.75%; median loan $135,000; median property value $195,000.

616Applications
18.0%Denial ratestate 18.5%
6.75%Median ratestate 6.75%
$135,000Median loan
$195,000Median property value

Largest lenders in Alpena County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 8859 19.3%6.75%
2 United Shore Financial Services B 7352 9.6%6.57%
3 The Huntington National Bank D 5325 32.1%7.23%
4 Neighborhood Mortgage Solutions C 2827 3.6%6.50%
5 Mortgage Research Center C 2613 26.9%6.25%
6 Staunton Financial B 2318 8.7%6.63%
7 Community Financial Credit Union B 2110 28.6%7.38%
8 Nicolet National Bank A 2116 4.8%7.38%
9 Newrez D 134 7.7%6.50%
10 Navy Federal Credit Union D 127 8.3%5.63%
11 Broker Solutions D 110 9.1%
12 New Day Financial F 102 50.0%6.74%
13 Kind Lending C 104 40.0%7.75%
14 GreenStone Farm Credit Services, FLCA A 96 0.0%6.80%
15 AmeriSave Mortgage D 80 62.5%
16 PNC Bank D 75 28.6%7.09%
17 Union Home Mortgage B 76 14.3%6.63%
18 Carrington Mortgage Services D 71 28.6%8.75%
19 Nationstar Mortgage C 74 28.6%8.44%
20 Loandepot.Com D 75 28.6%6.63%
21 Coastal Community Bank C 71 0.0%10.24%
22 HomePromise F 61 16.7%7.25%
23 Everett Financial C 54 0.0%6.63%
24 Crosscountry Mortgage B 53 0.0%6.63%
25 Guaranteed Rate B 51 40.0%6.58%

Best approval odds in Alpena County

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

#LenderDecidedDecision denial rate
1United Shore Financial Services6011.7%
2Rocket Mortgage8021.3%

What Alpena County borrowers applied for

By loan purpose

Home purchase 289 47% · 10.7% denied
Refinance 73 12% · 15.1% denied
Cash-out refinance 148 24% · 27.7% denied
Home improvement 40 6% · 27.5% denied
Other / HELOC 66 11% · 25.8% denied

By loan type

Conventional 401 65% · 16.0% denied
FHA 125 20% · 24.8% denied
VA 86 14% · 17.4% denied
USDA / RHS 4 1% · 25.0% denied

Why applications were denied

Collateral 29 26%
Credit history 25 23%
Debt-to-income ratio 22 20%
Incomplete application 15 14%
Insufficient cash 11 10%
Other 4 4%
Unverifiable information 4 4%
Employment history 1 1%

Alpena County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202344525220.9%6.99%$105,000
202456632621.2%6.99%$115,000
202561635918.0%6.75%$135,000

Frequently asked questions

18.0% of applications in Alpena County were denied in 2025, against 18.5% statewide in Michigan.

Rocket Mortgage, with 88 applications in 2025 and a denial rate of 19.3%.

The median mortgage application in Alpena County in 2025 was for $135,000; the median property value on originated loans was $195,000.