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Kent County, Michigan · 2025

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

412 lenders acted on 26,214 mortgage applications for properties in Kent County in 2025. 16.2% were denied (Michigan: 18.5%). Median rate on closed loans 6.75%; median loan $185,000; median property value $355,000.

26kApplications
16.2%Denial ratestate 18.5%
6.75%Median ratestate 6.75%
$185,000Median loan
$355,000Median property value

Largest lenders in Kent County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Lake Michigan Credit Union A 5,4474,249 5.2%6.99%
2 Fifth Third Bank D 1,693992 22.1%7.50%
3 The Huntington National Bank D 1,616915 30.0%7.49%
4 United Shore Financial Services B 1,137881 9.8%6.50%
5 Rocket Mortgage C 1,131839 16.5%6.75%
6 Triad Financial Services D 760155 55.5%8.58%
7 Consumers Credit Union C 695480 13.4%6.38%
8 Mercantile Bank C 686489 9.0%6.75%
9 21st Mortgage F 685147 52.7%10.57%
10 Old National Bank B 511411 6.3%6.38%
11 Independent Bank C 451333 13.3%7.00%
12 Northpointe Bank C 330213 4.2%6.63%
13 JPMorgan Chase Bank B 298179 12.1%6.50%
14 Newrez D 278113 16.6%6.75%
15 Mortgage 1 A 263226 0.0%6.63%
16 Northern Mortgage Services B 256212 1.2%6.63%
17 Guild Mortgage A 256201 0.8%6.75%
18 Adventure Credit Union C 253196 5.1%7.24%
19 ChoiceOne Bank D 233159 13.3%6.75%
20 PNC Bank D 222139 22.1%7.36%
21 Freedom Mortgage B 21884 10.6%6.25%
22 Dfcu Financial B 205143 11.2%6.13%
23 American Pacific Mortgage C 205155 7.3%6.63%
24 Bank of America F 20181 30.9%6.00%
25 Coastal Community Bank C 19943 2.0%9.74%

Best approval odds in Kent County

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

#LenderDecidedDecision denial rate
1Canopy Mortgage540.0%
2Ark-La-Tex Financial Services, LLC.1560.0%
3Mortgage 12340.0%
4Churchill Mortgage1570.6%
5Guild Mortgage2091.0%
6Northern Mortgage Services2241.3%
7Success Mortgage Partners1041.9%
8Fairway Independent Mortgage792.5%
9Coastal Community Bank1412.8%
10First Community Mortgage702.9%

What Kent County borrowers applied for

By loan purpose

Home purchase 10,814 41% · 12.7% denied
Refinance 4,842 18% · 14.0% denied
Cash-out refinance 3,775 14% · 19.7% denied
Home improvement 3,624 14% · 18.7% denied
Other / HELOC 3,159 12% · 24.4% denied

By loan type

Conventional 23,253 89% · 16.0% denied
FHA 2,032 8% · 19.3% denied
VA 919 4% · 13.9% denied
USDA / RHS 10 0% · 10.0% denied

Why applications were denied

Debt-to-income ratio 1,543 37%
Credit history 1,281 30%
Incomplete application 487 12%
Collateral 449 11%
Other 249 6%
Unverifiable information 92 2%
Insufficient cash 73 2%
Employment history 28 1%

Kent County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202322,68114,29317.6%7.24%$155,000
202423,74415,04517.5%7.00%$175,000
202526,21416,64016.2%6.75%$185,000

Frequently asked questions

16.2% of applications in Kent County were denied in 2025, against 18.5% statewide in Michigan.

Lake Michigan Credit Union, with 5,447 applications in 2025 and a denial rate of 5.2%.

The median mortgage application in Kent County in 2025 was for $185,000; the median property value on originated loans was $355,000.