Largest lenders in Newaygo County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Gerber Federal Credit Union | D | 202 | 139 | 14.4% | — |
| 2 | Lake Michigan Credit Union | A | 193 | 134 | 10.9% | 6.99% |
| 3 | The Huntington National Bank | D | 139 | 83 | 29.5% | 7.49% |
| 4 | Rocket Mortgage | C | 137 | 87 | 24.8% | 6.88% |
| 5 | ChoiceOne Bank | D | 131 | 82 | 20.6% | 7.00% |
| 6 | Independent Bank | C | 126 | 79 | 18.3% | 7.00% |
| 7 | United Shore Financial Services | B | 88 | 65 | 11.4% | 6.49% |
| 8 | Fifth Third Bank | D | 85 | 42 | 38.8% | 7.25% |
| 9 | Mortgage Research Center | C | 45 | 24 | 15.6% | 6.44% |
| 10 | Newrez | D | 35 | 15 | 11.4% | 6.75% |
| 11 | Guild Mortgage | A | 33 | 27 | 0.0% | 6.99% |
| 12 | Mortgage 1 | A | 32 | 24 | 3.1% | 6.63% |
| 13 | 21st Mortgage | F | 29 | 4 | 65.5% | 9.56% |
| 14 | Freedom Mortgage | B | 28 | 11 | 10.7% | 6.25% |
| 15 | Consumers Credit Union | C | 28 | 15 | 7.1% | 5.99% |
| 16 | Mercantile Bank | C | 27 | 22 | 3.7% | 6.63% |
| 17 | Union Home Mortgage | B | 27 | 17 | 11.1% | 6.99% |
| 18 | Broker Solutions | D | 27 | 9 | 14.8% | 6.99% |
| 19 | Triad Financial Services | D | 26 | 11 | 23.1% | 8.68% |
| 20 | Loandepot.Com | D | 25 | 9 | 52.0% | 6.75% |
| 21 | Horizon Bank | A | 23 | 10 | 52.2% | 6.00% |
| 22 | Crosscountry Mortgage | B | 21 | 15 | 4.8% | 6.63% |
| 23 | Spring Eq | D | 21 | 6 | 38.1% | 9.50% |
| 24 | Pennymac Loan Services | C | 20 | 14 | 5.0% | 6.06% |
| 25 | Navy Federal Credit Union | D | 19 | 8 | 10.5% | 5.81% |
Best approval odds in Newaygo County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | United Shore Financial Services | 76 | 13.2% |
| 2 | Lake Michigan Credit Union | 159 | 13.2% |
| 3 | Gerber Federal Credit Union | 168 | 17.3% |
| 4 | Independent Bank | 102 | 22.6% |
| 5 | ChoiceOne Bank | 110 | 24.6% |
| 6 | Rocket Mortgage | 124 | 27.4% |
| 7 | The Huntington National Bank | 127 | 32.3% |
| 8 | Fifth Third Bank | 77 | 42.9% |
What Newaygo County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Newaygo County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 1,802 | 1,048 | 18.3% | 7.13% | $125,000 |
| 2024 | 2,017 | 1,196 | 19.8% | 6.99% | $135,000 |
| 2025 | 2,247 | 1,332 | 19.0% | 6.75% | $155,000 |
Frequently asked questions
19.0% of applications in Newaygo County were denied in 2025, against 18.5% statewide in Michigan.
Gerber Federal Credit Union, with 202 applications in 2025 and a denial rate of 14.4%.
The median mortgage application in Newaygo County in 2025 was for $155,000; the median property value on originated loans was $285,000.