Largest lenders in St. Joseph County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Sturgis Bank & Trust | A | 276 | 235 | 4.4% | 7.00% |
| 2 | Unnamed lender 254900W66Q1214MV8X83 | D | 218 | 85 | 25.2% | 7.25% |
| 3 | Rocket Mortgage | C | 115 | 80 | 19.1% | 6.63% |
| 4 | Ruoff Mortgage Company | A | 110 | 95 | 9.1% | 6.63% |
| 5 | Prosperity Home Mortgage | A | 91 | 69 | 6.6% | 6.63% |
| 6 | The Huntington National Bank | D | 86 | 46 | 34.9% | 7.54% |
| 7 | Fifth Third Bank | D | 81 | 34 | 34.6% | 7.75% |
| 8 | Arbor Financial Credit Union | B | 78 | 58 | 11.5% | 7.50% |
| 9 | United Shore Financial Services | B | 57 | 39 | 12.3% | 6.13% |
| 10 | Farmers State Bank | A | 47 | 38 | 2.1% | 7.29% |
| 11 | Southern Michigan Bank & Trust | C | 45 | 33 | 11.1% | — |
| 12 | Union Home Mortgage | B | 41 | 27 | 0.0% | 6.63% |
| 13 | Mortgage Research Center | C | 40 | 22 | 20.0% | 6.38% |
| 14 | Crosscountry Mortgage | B | 38 | 25 | 7.9% | 6.95% |
| 15 | Freedom Mortgage | B | 38 | 19 | 7.9% | 6.25% |
| 16 | Horizon Bank | A | 36 | 27 | 16.7% | 6.00% |
| 17 | Lake Michigan Credit Union | A | 35 | 27 | 11.4% | 6.99% |
| 18 | Consumers Credit Union | C | 33 | 28 | 6.1% | 6.50% |
| 19 | Flagstar Bank | C | 31 | 16 | 16.1% | 6.38% |
| 20 | Cardinal Financial Company, Limited Partnership | B | 29 | 26 | 0.0% | 7.00% |
| 21 | Kellogg Community Credit Union | B | 29 | 27 | 0.0% | 7.25% |
| 22 | Interra Credit Union | C | 27 | 19 | 18.5% | 7.50% |
| 23 | Carrington Mortgage Services | D | 26 | 7 | 38.5% | 6.63% |
| 24 | AmeriSave Mortgage | D | 23 | 7 | 56.5% | 7.13% |
| 25 | Loandepot.Com | D | 22 | 13 | 22.7% | 7.63% |
Best approval odds in St. Joseph County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Sturgis Bank & Trust | 274 | 4.4% |
| 2 | Prosperity Home Mortgage | 75 | 8.0% |
| 3 | Ruoff Mortgage Company | 106 | 9.4% |
| 4 | Arbor Financial Credit Union | 68 | 13.2% |
| 5 | Rocket Mortgage | 103 | 21.4% |
| 6 | Unnamed lender 254900W66Q1214MV8X83 | 157 | 35.0% |
| 7 | The Huntington National Bank | 79 | 38.0% |
| 8 | Fifth Third Bank | 66 | 42.4% |
What St. Joseph County borrowers applied for
By loan purpose
By loan type
Why applications were denied
St. Joseph County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 2,070 | 1,163 | 20.9% | 7.00% | $105,000 |
| 2024 | 2,204 | 1,378 | 18.3% | 7.00% | $115,000 |
| 2025 | 2,371 | 1,462 | 16.0% | 6.88% | $135,000 |
Frequently asked questions
16.0% of applications in St. Joseph County were denied in 2025, against 18.5% statewide in Michigan.
Sturgis Bank & Trust, with 276 applications in 2025 and a denial rate of 4.4%.
The median mortgage application in St. Joseph County in 2025 was for $135,000; the median property value on originated loans was $235,000.