Eaton County, Michigan · 2025

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

246 lenders acted on 4,102 mortgage applications for properties in Eaton County in 2025. 18.0% were denied (Michigan: 18.5%). Median rate on closed loans 6.75%; median loan $155,000; median property value $275,000.

4.1kApplications
18.0%Denial ratestate 18.5%
6.75%Median ratestate 6.75%
$155,000Median loan
$275,000Median property value

Largest lenders in Eaton County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 MICHIGAN STATE UNIVERSITY Federal Credit Union C 431277 18.8%7.50%
2 Rocket Mortgage C 309228 19.1%6.50%
3 The Dart Bank B 267196 7.1%6.63%
4 Union Home Mortgage B 212157 5.2%6.63%
5 United Shore Financial Services B 159111 11.3%6.25%
6 Flagstar Bank C 13370 31.6%6.50%
7 Fifth Third Bank D 13384 23.3%7.44%
8 LAFCU Credit Union C 10872 7.4%5.88%
9 Triad Financial Services D 10215 48.0%8.49%
10 The Huntington National Bank D 10263 21.6%7.34%
11 Eaton Community Bank D 8851 18.2%
12 Independent Bank C 8143 29.6%7.25%
13 PNC Bank D 7741 28.6%7.86%
14 Mortgage Research Center C 7742 18.2%6.25%
15 Lake Trust Credit Union D 7336 49.3%7.24%
16 21st Mortgage F 6411 53.1%10.73%
17 Newrez D 6230 16.1%6.69%
18 Zippy Loans D 5622 16.1%9.65%
19 Consumers Credit Union C 5543 10.9%6.38%
20 Freedom Mortgage B 4920 6.1%6.25%
21 Northpointe Bank C 4224 2.4%6.63%
22 Pennymac Loan Services C 3722 8.1%6.25%
23 Nationstar Mortgage C 3727 16.2%7.49%
24 Everett Financial C 3632 0.0%6.63%
25 Mortgage Center L.c C 3418 5.9%6.31%

Best approval odds in Eaton County

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

What Eaton County borrowers applied for

By loan purpose

Home purchase 1,803 44% · 13.0% denied
Refinance 521 13% · 15.6% denied
Cash-out refinance 756 18% · 21.6% denied
Home improvement 443 11% · 21.9% denied
Other / HELOC 579 14% · 28.0% denied

By loan type

Conventional 3,257 79% · 18.3% denied
FHA 504 12% · 18.7% denied
VA 310 8% · 13.2% denied
USDA / RHS 31 1% · 16.1% denied

Why applications were denied

Debt-to-income ratio 246 33%
Credit history 193 26%
Incomplete application 121 16%
Collateral 98 13%
Other 44 6%
Unverifiable information 14 2%
Insufficient cash 14 2%
Employment history 7 1%

Eaton County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20233,4992,05220.3%7.13%$125,000
20243,6742,19920.5%6.99%$145,000
20254,1022,48218.0%6.75%$155,000

Frequently asked questions

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

MICHIGAN STATE UNIVERSITY Federal Credit Union, with 431 applications in 2025 and a denial rate of 18.8%.

The median mortgage application in Eaton County in 2025 was for $155,000; the median property value on originated loans was $275,000.