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Grand Traverse County, Michigan · 2025

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

251 lenders acted on 4,101 mortgage applications for properties in Grand Traverse County in 2025. 16.3% were denied (Michigan: 18.5%). Median rate on closed loans 6.94%; median loan $215,000; median property value $435,000.

4.1kApplications
16.3%Denial ratestate 18.5%
6.94%Median ratestate 6.75%
$215,000Median loan
$435,000Median property value

Largest lenders in Grand Traverse County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 The Huntington National Bank D 395240 21.5%7.44%
2 United Shore Financial Services B 375306 6.9%6.63%
3 Lake Michigan Credit Union A 315242 6.4%6.88%
4 Fifth Third Bank D 229139 19.7%7.50%
5 Rocket Mortgage C 206153 19.4%6.75%
6 4Front Credit Union B 196113 8.7%7.50%
7 Triad Financial Services D 16834 58.9%7.90%
8 Credit Union One D 147101 14.3%7.13%
9 Independent Bank C 135103 11.1%7.00%
10 MICHIGAN STATE UNIVERSITY Federal Credit Union C 10064 18.0%7.50%
11 Newrez D 7628 10.5%6.99%
12 21st Mortgage F 7424 48.7%12.15%
13 JPMorgan Chase Bank B 7344 5.5%6.50%
14 Calcon Mutual Mortgage D 6239 3.2%6.49%
15 Mercantile Bank C 5536 7.3%6.75%
16 Guaranteed Rate B 4628 4.4%6.64%
17 Honor Bank – 4429 4.6%—
18 Zippy Loans D 4423 22.7%9.50%
19 Unnamed lender 254900UYC52VIJUZ5X82 B 4438 4.6%—
20 Genisys Credit Union D 4337 4.7%6.25%
21 Figure Lending C 4322 23.3%8.95%
22 PNC Bank D 3622 22.2%7.34%
23 Mortgage Research Center C 3619 13.9%6.13%
24 Coastal Community Bank C 349 0.0%13.24%
25 State Savings Bank B 3324 9.1%—

Best approval odds in Grand Traverse County

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

#LenderDecidedDecision denial rate
1Lake Michigan Credit Union2727.4%
2United Shore Financial Services3337.8%
3Independent Bank11912.6%
44Front Credit Union13113.0%
5Credit Union One12816.4%
6MICHIGAN STATE UNIVERSITY Federal Credit Union9219.6%
7Rocket Mortgage20020.0%
8Fifth Third Bank18923.8%
9The Huntington National Bank33325.5%
10Triad Financial Services16858.9%

What Grand Traverse County borrowers applied for

By loan purpose

Home purchase 1,676 41% · 14.1% denied
Refinance 675 16% · 13.9% denied
Cash-out refinance 680 17% · 17.4% denied
Home improvement 530 13% · 21.1% denied
Other / HELOC 540 13% · 19.8% denied

By loan type

Conventional 3,619 88% · 16.3% denied
FHA 259 6% · 20.1% denied
VA 218 5% · 12.8% denied
USDA / RHS 5 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 262 40%
Credit history 140 21%
Collateral 92 14%
Incomplete application 75 11%
Other 54 8%
Unverifiable information 18 3%
Insufficient cash 12 2%
Employment history 7 1%

Grand Traverse County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20233,1821,94117.8%7.25%$185,000
20243,5612,19917.2%7.13%$205,000
20254,1012,51416.3%6.94%$215,000

Frequently asked questions

16.3% of applications in Grand Traverse County were denied in 2025, against 18.5% statewide in Michigan.

The Huntington National Bank, with 395 applications in 2025 and a denial rate of 21.5%.

The median mortgage application in Grand Traverse County in 2025 was for $215,000; the median property value on originated loans was $435,000.