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Muskegon County, Michigan · 2025

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

266 lenders acted on 7,742 mortgage applications for properties in Muskegon County in 2025. 17.0% were denied (Michigan: 18.5%). Median rate on closed loans 6.75%; median loan $145,000; median property value $265,000.

7.7kApplications
17.0%Denial ratestate 18.5%
6.75%Median ratestate 6.75%
$145,000Median loan
$265,000Median property value

Largest lenders in Muskegon County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Lake Michigan Credit Union A 1,034788 6.9%6.75%
2 Fifth Third Bank D 480288 25.2%7.50%
3 The Huntington National Bank D 460257 30.4%7.59%
4 Rocket Mortgage C 448337 16.1%6.63%
5 Mortgage 1 A 377297 2.4%6.63%
6 United Shore Financial Services B 369276 10.0%6.38%
7 Van Dyk Mortgage B 275201 0.7%6.63%
8 Triad Financial Services D 21447 50.9%8.75%
9 PNC Bank D 16997 29.0%7.61%
10 21st Mortgage F 16836 55.4%11.74%
11 ChoiceOne Bank D 15796 20.4%6.88%
12 Consumers Credit Union C 147111 10.9%6.50%
13 Mortgage Research Center C 11351 18.6%6.38%
14 Freedom Mortgage B 10544 5.7%6.25%
15 T2 Financial B 9776 4.1%6.75%
16 Towne Mortgage B 9381 0.0%6.63%
17 Newrez D 9030 22.2%6.75%
18 Independent Bank C 8151 21.0%7.00%
19 Pennymac Loan Services C 7636 6.6%6.00%
20 Leaderone Financial D 7462 6.8%6.63%
21 Figure Lending C 6941 18.8%8.60%
22 AmeriSave Mortgage D 6723 56.7%8.13%
23 Broker Solutions D 6617 6.1%6.69%
24 JPMorgan Chase Bank B 6542 7.7%6.49%
25 Loandepot.Com D 6538 27.7%7.69%

Best approval odds in Muskegon County

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

#LenderDecidedDecision denial rate
1Towne Mortgage860.0%
2Van Dyk Mortgage2031.0%
3Mortgage 13342.7%
4T2 Financial864.7%
5Mms Mortgage Services535.7%
6Leaderone Financial677.5%
7Lake Michigan Credit Union8728.1%
8Freedom Mortgage639.5%
9United Shore Financial Services31811.6%
10Consumers Credit Union12712.6%

What Muskegon County borrowers applied for

By loan purpose

Home purchase 3,205 41% · 12.0% denied
Refinance 1,314 17% · 14.6% denied
Cash-out refinance 1,420 18% · 18.7% denied
Home improvement 903 12% · 24.5% denied
Other / HELOC 900 12% · 27.7% denied

By loan type

Conventional 5,832 75% · 18.1% denied
FHA 1,256 16% · 13.9% denied
VA 646 8% · 12.9% denied
USDA / RHS 8 0% · 0.0% denied

Why applications were denied

Credit history 512 40%
Debt-to-income ratio 315 25%
Collateral 166 13%
Incomplete application 136 11%
Other 93 7%
Unverifiable information 26 2%
Insufficient cash 25 2%
Employment history 7 1%

Muskegon County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20236,6003,90019.5%7.13%$115,000
20247,0424,29718.4%6.99%$135,000
20257,7424,77517.0%6.75%$145,000

Frequently asked questions

17.0% of applications in Muskegon County were denied in 2025, against 18.5% statewide in Michigan.

Lake Michigan Credit Union, with 1,034 applications in 2025 and a denial rate of 6.9%.

The median mortgage application in Muskegon County in 2025 was for $145,000; the median property value on originated loans was $265,000.