Largest lenders in Gogebic County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | IncredibleBank | C | 53 | 31 | 18.9% | 6.63% |
| 2 | Rocket Mortgage | C | 47 | 32 | 21.3% | 6.99% |
| 3 | Flagstar Bank | C | 43 | 30 | 7.0% | 6.74% |
| 4 | Associated Bank | B | 27 | 18 | 33.3% | 7.00% |
| 5 | United Shore Financial Services | B | 23 | 18 | 8.7% | 6.19% |
| 6 | Covantage Credit Union | B | 16 | 15 | 6.3% | 6.50% |
| 7 | Mortgage Research Center | C | 14 | 9 | 21.4% | 6.25% |
| 8 | Bankers' Bank | C | 13 | 10 | 0.0% | 6.69% |
| 9 | Pennymac Loan Services | C | 10 | 5 | 0.0% | 6.38% |
| 10 | Broker Solutions | D | 9 | 2 | 0.0% | 7.37% |
| 11 | JPMorgan Chase Bank | B | 8 | 3 | 37.5% | 6.25% |
| 12 | AmeriSave Mortgage | D | 8 | 3 | 62.5% | 10.25% |
| 13 | Coastal Community Bank | C | 7 | 1 | 0.0% | 7.49% |
| 14 | New Day Financial | F | 6 | 2 | 0.0% | 6.87% |
| 15 | Loandepot.Com | D | 6 | 3 | 50.0% | 6.25% |
| 16 | The Huntington National Bank | D | 6 | 3 | 16.7% | 7.44% |
| 17 | Figure Lending | C | 6 | 2 | 33.3% | 8.23% |
| 18 | Discover Bank | F | 5 | 1 | 60.0% | 7.95% |
| 19 | Freedom Mortgage | B | 5 | 3 | 0.0% | 6.75% |
| 20 | Prosperity Home Mortgage | A | 5 | 4 | 0.0% | 6.88% |
| 21 | Nicolet National Bank | A | 5 | 4 | 0.0% | 7.31% |
What Gogebic County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Gogebic County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 356 | 212 | 20.5% | 7.13% | $85,000 |
| 2024 | 377 | 230 | 21.8% | 6.88% | $105,000 |
| 2025 | 442 | 264 | 16.5% | 6.75% | $105,000 |
Frequently asked questions
16.5% of applications in Gogebic County were denied in 2025, against 18.5% statewide in Michigan.
IncredibleBank, with 53 applications in 2025 and a denial rate of 18.9%.
The median mortgage application in Gogebic County in 2025 was for $105,000; the median property value on originated loans was $155,000.