Largest lenders in Houghton County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Superior National Bank | B | 111 | 102 | 1.8% | 7.25% |
| 2 | Range Bank | A | 108 | 96 | 4.6% | — |
| 3 | Rocket Mortgage | C | 82 | 52 | 24.4% | 6.88% |
| 4 | The Huntington National Bank | D | 55 | 25 | 32.7% | 7.69% |
| 5 | IncredibleBank | C | 54 | 43 | 11.1% | 6.75% |
| 6 | Flagstar Bank | C | 31 | 17 | 22.6% | 6.63% |
| 7 | Mortgage Research Center | C | 30 | 16 | 10.0% | 6.50% |
| 8 | United Shore Financial Services | B | 15 | 11 | 6.7% | 6.63% |
| 9 | JPMorgan Chase Bank | B | 12 | 6 | 25.0% | 6.75% |
| 10 | Coastal Community Bank | C | 11 | 6 | 0.0% | 10.49% |
| 11 | Figure Lending | C | 11 | 5 | 27.3% | 8.85% |
| 12 | Loandepot.Com | D | 10 | 4 | 40.0% | 6.99% |
| 13 | AmeriSave Mortgage | D | 9 | 4 | 44.4% | 6.44% |
| 14 | Newrez | D | 9 | 3 | 33.3% | 6.25% |
| 15 | Broker Solutions | D | 9 | 2 | 11.1% | 10.10% |
| 16 | USAA Federal Savings Bank | C | 8 | 4 | 25.0% | 6.75% |
| 17 | Freedom Mortgage | B | 8 | 3 | 0.0% | 5.75% |
| 18 | Lake Michigan Credit Union | A | 6 | 5 | 0.0% | 6.50% |
| 19 | Better Mortgage | F | 6 | 0 | 66.7% | — |
| 20 | Guaranteed Rate | B | 6 | 3 | 0.0% | 7.25% |
| 21 | Navy Federal Credit Union | D | 6 | 3 | 16.7% | 6.13% |
| 22 | Pennymac Loan Services | C | 5 | 1 | 0.0% | 5.99% |
| 23 | Crosscountry Mortgage | B | 5 | 4 | 0.0% | 6.74% |
| 24 | Mutual of Omaha Mortgage | C | 5 | 4 | 0.0% | 6.38% |
| 25 | Nationstar Mortgage | C | 5 | 5 | 0.0% | 6.63% |
Best approval odds in Houghton County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Superior National Bank | 104 | 1.9% |
| 2 | Range Bank | 107 | 4.7% |
| 3 | Rocket Mortgage | 73 | 27.4% |
What Houghton County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Houghton County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 598 | 422 | 13.4% | 7.01% | $115,000 |
| 2024 | 655 | 424 | 14.2% | 6.99% | $145,000 |
| 2025 | 782 | 521 | 14.2% | 6.88% | $135,000 |
Frequently asked questions
14.2% of applications in Houghton County were denied in 2025, against 18.5% statewide in Michigan.
Superior National Bank, with 111 applications in 2025 and a denial rate of 1.8%.
The median mortgage application in Houghton County in 2025 was for $135,000; the median property value on originated loans was $215,000.