Dickinson County, Michigan · 2025

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

94 lenders acted on 552 mortgage applications for properties in Dickinson County in 2025. 15.8% were denied (Michigan: 18.5%). Median rate on closed loans 6.63%; median loan $125,000; median property value $185,000.

552Applications
15.8%Denial ratestate 18.5%
6.63%Median ratestate 6.75%
$125,000Median loan
$185,000Median property value

Largest lenders in Dickinson County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Flagstar Bank C 6136 9.8%6.63%
2 Rocket Mortgage C 5746 10.5%6.75%
3 IncredibleBank C 4932 14.3%6.50%
4 Mortgage Research Center C 2713 25.9%6.50%
5 The Huntington National Bank D 2516 16.0%7.72%
6 Covantage Credit Union B 2016 10.0%6.50%
7 Range Bank A 1817 0.0%
8 United Shore Financial Services B 1611 12.5%6.37%
9 Cardinal Financial Company, Limited Partnership B 1410 28.6%7.13%
10 AmeriSave Mortgage D 132 69.2%6.25%
11 Nationstar Mortgage C 139 7.7%7.88%
12 New Day Financial F 122 33.3%6.99%
13 Loandepot.Com D 116 36.4%7.06%
14 Zippy Loans D 105 20.0%8.00%
15 Freedom Mortgage B 105 10.0%6.25%
16 Coastal Community Bank C 104 0.0%12.99%
17 Nicolet National Bank A 107 0.0%6.88%
18 Pennymac Loan Services C 93 0.0%6.13%
19 Figure Lending C 91 77.8%8.90%
20 Broker Solutions D 83 0.0%6.75%
21 Paramount Residential Mortgage Group B 74 28.6%6.50%
22 Honor Credit Union D 75 0.0%6.88%
23 USAA Federal Savings Bank C 64 16.7%6.56%
24 Mutual of Omaha Mortgage C 62 33.3%6.31%
25 Navy Federal Credit Union D 64 0.0%6.79%

Best approval odds in Dickinson County

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

#LenderDecidedDecision denial rate
1Rocket Mortgage5211.5%

What Dickinson County borrowers applied for

By loan purpose

Home purchase 253 46% · 9.1% denied
Refinance 75 14% · 17.3% denied
Cash-out refinance 133 24% · 22.6% denied
Home improvement 26 5% · 19.2% denied
Other / HELOC 65 12% · 24.6% denied

By loan type

Conventional 358 65% · 14.3% denied
FHA 86 16% · 23.3% denied
VA 96 17% · 13.5% denied
USDA / RHS 12 2% · 25.0% denied

Why applications were denied

Credit history 23 26%
Debt-to-income ratio 21 24%
Collateral 18 21%
Incomplete application 13 15%
Other 6 7%
Unverifiable information 3 3%
Employment history 2 2%
Insufficient cash 1 1%

Dickinson County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202340223419.2%6.99%$115,000
202448028620.2%6.99%$125,000
202555233615.8%6.63%$125,000

Frequently asked questions

15.8% of applications in Dickinson County were denied in 2025, against 18.5% statewide in Michigan.

Flagstar Bank, with 61 applications in 2025 and a denial rate of 9.8%.

The median mortgage application in Dickinson County in 2025 was for $125,000; the median property value on originated loans was $185,000.