Largest lenders in Lake County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | C | 46 | 28 | 26.1% | 6.81% |
| 2 | The Huntington National Bank | D | 41 | 29 | 17.1% | 7.58% |
| 3 | United Shore Financial Services | B | 37 | 21 | 21.6% | 7.00% |
| 4 | Lake Michigan Credit Union | A | 33 | 27 | 3.0% | 6.88% |
| 5 | Union Home Mortgage | B | 28 | 17 | 21.4% | 6.38% |
| 6 | Fifth Third Bank | D | 26 | 14 | 26.9% | 6.86% |
| 7 | AmeriSave Mortgage | D | 15 | 1 | 73.3% | 6.75% |
| 8 | Broker Solutions | D | 13 | 1 | 7.7% | 6.75% |
| 9 | Mortgage Research Center | C | 12 | 6 | 25.0% | 6.38% |
| 10 | Mortgage 1 | A | 11 | 11 | 0.0% | 6.63% |
| 11 | Consumers Credit Union | C | 10 | 8 | 10.0% | 6.56% |
| 12 | GreenStone Farm Credit Services, FLCA | A | 10 | 7 | 10.0% | 6.90% |
| 13 | West Michigan Credit Union | D | 10 | 3 | 60.0% | 6.75% |
| 14 | Mercantile Bank | C | 9 | 6 | 11.1% | 6.69% |
| 15 | New Day Financial | F | 9 | 2 | 33.3% | 6.43% |
| 16 | Success Mortgage Partners | B | 8 | 7 | 12.5% | 7.13% |
| 17 | Independent Bank | C | 8 | 4 | 12.5% | 6.56% |
| 18 | Freedom Mortgage | B | 7 | 5 | 0.0% | 6.00% |
| 19 | American Pacific Mortgage | C | 7 | 5 | 0.0% | 6.75% |
| 20 | Newrez | D | 7 | 3 | 28.6% | 7.88% |
| 21 | 21st Mortgage | F | 6 | 0 | 16.7% | — |
| 22 | United Federal Credit Union | D | 6 | 4 | 16.7% | 6.90% |
| 23 | Loandepot.Com | D | 6 | 3 | 16.7% | 6.25% |
| 24 | Coastal Community Bank | C | 6 | 1 | 0.0% | 8.99% |
| 25 | Honor Credit Union | D | 6 | 6 | 0.0% | 6.87% |
What Lake County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Lake County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 448 | 245 | 19.2% | 7.13% | $115,000 |
| 2024 | 513 | 284 | 23.8% | 7.00% | $105,000 |
| 2025 | 586 | 336 | 19.8% | 6.75% | $125,000 |
Frequently asked questions
19.8% of applications in Lake County were denied in 2025, against 18.5% statewide in Michigan.
Rocket Mortgage, with 46 applications in 2025 and a denial rate of 26.1%.
The median mortgage application in Lake County in 2025 was for $125,000; the median property value on originated loans was $215,000.