Chippewa County, Michigan · 2025

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

113 lenders acted on 663 mortgage applications for properties in Chippewa County in 2025. 20.1% were denied (Michigan: 18.5%). Median rate on closed loans 6.88%; median loan $145,000; median property value $225,000.

663Applications
20.1%Denial ratestate 18.5%
6.88%Median ratestate 6.75%
$145,000Median loan
$225,000Median property value

Largest lenders in Chippewa County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 6938 26.1%6.93%
2 4Front Credit Union B 5942 1.7%7.50%
3 Nicolet National Bank A 5341 5.7%7.13%
4 The Huntington National Bank D 5024 28.0%7.79%
5 Mortgage Research Center C 4123 19.5%6.38%
6 21st Mortgage F 223 63.6%10.78%
7 United Shore Financial Services B 2216 9.1%6.25%
8 Blg Holdings B 1917 0.0%6.63%
9 Freedom Mortgage B 157 0.0%6.25%
10 Triad Financial Services D 153 73.3%11.33%
11 Navy Federal Credit Union D 157 13.3%6.13%
12 Loandepot.Com D 138 30.8%6.75%
13 Newrez D 104 10.0%6.75%
14 USAA Federal Savings Bank C 95 44.4%6.50%
15 Pennymac Loan Services C 84 25.0%5.87%
16 PNC Bank D 84 12.5%7.25%
17 Zippy Loans D 81 50.0%8.85%
18 Carrington Mortgage Services D 81 87.5%9.63%
19 Discover Bank F 71 71.4%10.10%
20 AmeriSave Mortgage D 71 71.4%7.50%
21 Crosscountry Mortgage B 72 0.0%6.35%
22 Broker Solutions D 73 0.0%6.75%
23 Bank of America F 60 33.3%
24 Lake Michigan Credit Union A 64 0.0%6.56%
25 Everett Financial C 63 0.0%8.99%

Best approval odds in Chippewa County

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

#LenderDecidedDecision denial rate
1Rocket Mortgage5930.5%

What Chippewa County borrowers applied for

By loan purpose

Home purchase 325 49% · 17.2% denied
Refinance 73 11% · 16.4% denied
Cash-out refinance 129 19% · 30.2% denied
Home improvement 60 9% · 13.3% denied
Other / HELOC 76 11% · 23.7% denied

By loan type

Conventional 472 71% · 20.8% denied
FHA 84 13% · 20.2% denied
VA 102 15% · 16.7% denied
USDA / RHS 5 1% · 20.0% denied

Why applications were denied

Credit history 40 30%
Collateral 31 23%
Debt-to-income ratio 28 21%
Incomplete application 24 18%
Other 6 5%
Insufficient cash 2 2%
Unverifiable information 2 2%

Chippewa County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202353029120.8%7.00%$115,000
202457433018.1%6.99%$130,000
202566335920.1%6.88%$145,000

Frequently asked questions

20.1% of applications in Chippewa County were denied in 2025, against 18.5% statewide in Michigan.

Rocket Mortgage, with 69 applications in 2025 and a denial rate of 26.1%.

The median mortgage application in Chippewa County in 2025 was for $145,000; the median property value on originated loans was $225,000.