Hillsdale County, Michigan · 2025

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

198 lenders acted on 1,556 mortgage applications for properties in Hillsdale County in 2025. 17.9% were denied (Michigan: 18.5%). Median rate on closed loans 6.88%; median loan $145,000; median property value $245,000.

1.6kApplications
17.9%Denial ratestate 18.5%
6.88%Median ratestate 6.75%
$145,000Median loan
$245,000Median property value

Largest lenders in Hillsdale County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 13695 22.1%6.50%
2 County National Bank C 10976 8.3%
3 Southern Michigan Bank & Trust C 9775 8.3%
4 Fifth Third Bank D 8743 27.6%7.50%
5 United Shore Financial Services B 8258 15.9%6.23%
6 Union Home Mortgage B 6246 0.0%6.88%
7 The Huntington National Bank D 6242 22.6%7.64%
8 Community Choice D 5733 21.1%8.24%
9 Mortgage Research Center C 4019 22.5%6.13%
10 Flagstar Bank C 3920 28.2%6.94%
11 Crosscountry Mortgage B 2817 0.0%6.63%
12 Honor Credit Union D 2515 28.0%8.00%
13 Gvc Mortgage B 2315 8.7%6.88%
14 Broker Solutions D 225 4.6%7.25%
15 TLC COMMUNITY Credit Union C 2112 38.1%7.13%
16 Triad Financial Services D 209 35.0%11.12%
17 WesBanco Bank B 189 38.9%6.63%
18 TRUE COMMUNITY Credit Union C 1815 11.1%
19 Old National Bank B 189 38.9%6.38%
20 Carrington Mortgage Services D 178 35.3%8.31%
21 Newrez D 176 17.7%6.63%
22 Navy Federal Credit Union D 179 17.7%6.75%
23 AmeriSave Mortgage D 165 62.5%6.13%
24 GreenStone Farm Credit Services, FLCA A 1613 0.0%7.00%
25 Gold Star Mortgage Financial Group C 1512 0.0%6.56%

Best approval odds in Hillsdale County

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

What Hillsdale County borrowers applied for

By loan purpose

Home purchase 654 42% · 8.1% denied
Refinance 226 15% · 21.2% denied
Cash-out refinance 313 20% · 25.2% denied
Home improvement 169 11% · 24.9% denied
Other / HELOC 194 12% · 29.4% denied

By loan type

Conventional 1,190 76% · 18.2% denied
FHA 234 15% · 18.8% denied
VA 115 7% · 13.9% denied
USDA / RHS 17 1% · 11.8% denied

Why applications were denied

Credit history 89 33%
Collateral 57 21%
Debt-to-income ratio 46 17%
Incomplete application 39 15%
Other 20 7%
Unverifiable information 11 4%
Insufficient cash 4 1%
Employment history 2 1%

Hillsdale County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,18769920.0%7.09%$115,000
20241,29476220.5%6.99%$125,000
20251,55694717.9%6.88%$145,000

Frequently asked questions

17.9% of applications in Hillsdale County were denied in 2025, against 18.5% statewide in Michigan.

Rocket Mortgage, with 136 applications in 2025 and a denial rate of 22.1%.

The median mortgage application in Hillsdale County in 2025 was for $145,000; the median property value on originated loans was $245,000.