Menominee County, Michigan · 2025

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

80 lenders acted on 463 mortgage applications for properties in Menominee County in 2025. 12.5% were denied (Michigan: 18.5%). Median rate on closed loans 6.63%; median loan $135,000; median property value $195,000.

463Applications
12.5%Denial ratestate 18.5%
6.63%Median ratestate 6.75%
$135,000Median loan
$195,000Median property value

Largest lenders in Menominee County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 The Stephenson National Bank and Trust B 5846 6.9%
2 First Colony Mortgage A 4226 9.5%6.50%
3 Covantage Credit Union B 3932 7.7%6.50%
4 Rocket Mortgage C 3725 21.6%6.99%
5 Guaranteed Rate B 3327 3.0%6.50%
6 Nicolet National Bank A 2320 4.4%7.50%
7 Mortgage Research Center C 179 11.8%6.25%
8 Flagstar Bank C 168 18.8%6.75%
9 United Shore Financial Services B 1615 0.0%6.50%
10 Associated Bank B 147 42.9%6.38%
11 PCM Credit Union A 1210 0.0%5.99%
12 Broker Solutions D 101 0.0%7.50%
13 Pennymac Loan Services C 83 37.5%5.99%
14 Freedom Mortgage B 86 12.5%5.88%
15 New Day Financial F 72 14.3%7.12%
16 Loandepot.Com D 63 50.0%7.13%
17 Fifth Third Bank D 52 60.0%10.31%
18 Nationstar Mortgage C 54 0.0%6.87%

Best approval odds in Menominee County

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

#LenderDecidedDecision denial rate
1The Stephenson National Bank and Trust586.9%

What Menominee County borrowers applied for

By loan purpose

Home purchase 212 46% · 4.7% denied
Refinance 90 19% · 17.8% denied
Cash-out refinance 88 19% · 13.6% denied
Home improvement 26 6% · 26.9% denied
Other / HELOC 47 10% · 27.7% denied

By loan type

Conventional 323 70% · 12.4% denied
FHA 66 14% · 15.2% denied
VA 61 13% · 11.5% denied
USDA / RHS 13 3% · 7.7% denied

Why applications were denied

Debt-to-income ratio 18 31%
Credit history 13 22%
Collateral 11 19%
Other 7 12%
Incomplete application 5 9%
Insufficient cash 3 5%
Unverifiable information 1 2%

Menominee County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202339327213.7%7.13%$115,000
202445228516.4%6.88%$125,000
202546331112.5%6.63%$135,000

Frequently asked questions

12.5% of applications in Menominee County were denied in 2025, against 18.5% statewide in Michigan.

The Stephenson National Bank and Trust, with 58 applications in 2025 and a denial rate of 6.9%.

The median mortgage application in Menominee County in 2025 was for $135,000; the median property value on originated loans was $195,000.