Find a better mortgage lender

Otsego County, Michigan · 2025

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

163 lenders acted on 1,205 mortgage applications for properties in Otsego County in 2025. 16.8% were denied (Michigan: 18.5%). Median rate on closed loans 6.88%; median loan $165,000; median property value $285,000.

1.2kApplications
16.8%Denial ratestate 18.5%
6.88%Median ratestate 6.75%
$165,000Median loan
$285,000Median property value

Largest lenders in Otsego County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Community Financial Credit Union B 199137 14.1%7.50%
2 The Huntington National Bank D 14476 27.1%6.88%
3 Rocket Mortgage C 9972 17.2%6.56%
4 United Shore Financial Services B 7256 5.6%6.63%
5 Fifth Third Bank D 6740 25.4%7.25%
6 State Savings Bank B 4134 4.9%—
7 Mortgage Research Center C 2510 28.0%6.12%
8 Mercantile Bank C 2212 9.1%6.69%
9 Horizon Bank A 2214 27.3%6.06%
10 Newrez D 194 15.8%6.31%
11 Nicolet National Bank A 1614 0.0%7.50%
12 Lake Michigan Credit Union A 1511 13.3%6.37%
13 Pennymac Loan Services C 144 7.1%6.06%
14 Broker Solutions D 143 14.3%6.81%
15 Union Home Mortgage B 1312 0.0%6.75%
16 The Dart Bank B 1211 0.0%7.25%
17 Navy Federal Credit Union D 128 8.3%7.83%
18 4Front Credit Union B 126 0.0%6.88%
19 AmeriSave Mortgage D 112 63.6%9.56%
20 Freedom Mortgage B 112 18.2%6.13%
21 Crosscountry Mortgage B 106 0.0%6.93%
22 New Day Financial F 102 10.0%6.24%
23 Loandepot.Com D 84 37.5%7.63%
24 Mortgage Center L.c C 72 14.3%6.44%
25 Carrington Mortgage Services D 75 14.3%6.75%

Best approval odds in Otsego County

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

#LenderDecidedDecision denial rate
1United Shore Financial Services616.6%
2Community Financial Credit Union18914.8%
3Rocket Mortgage9218.5%
4Fifth Third Bank5928.8%
5The Huntington National Bank11733.3%

What Otsego County borrowers applied for

By loan purpose

Home purchase 446 37% · 9.4% denied
Refinance 170 14% · 14.7% denied
Cash-out refinance 235 20% · 24.3% denied
Home improvement 177 15% · 19.2% denied
Other / HELOC 177 15% · 24.9% denied

By loan type

Conventional 941 78% · 15.7% denied
FHA 139 12% · 22.3% denied
VA 118 10% · 18.6% denied
USDA / RHS 7 1% · 14.3% denied

Why applications were denied

Debt-to-income ratio 58 29%
Credit history 55 28%
Collateral 43 22%
Incomplete application 29 15%
Other 5 3%
Unverifiable information 5 3%
Insufficient cash 4 2%
Employment history 1 1%

Otsego County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202393359215.9%7.25%$135,000
20241,02966016.1%7.13%$145,000
20251,20572616.8%6.88%$165,000

Frequently asked questions

16.8% of applications in Otsego County were denied in 2025, against 18.5% statewide in Michigan.

Community Financial Credit Union, with 199 applications in 2025 and a denial rate of 14.1%.

The median mortgage application in Otsego County in 2025 was for $165,000; the median property value on originated loans was $285,000.