Lender in Michigan · HMDA 2025
Horizon Bank mortgages in Michigan
Horizon Bank's 2025 home-purchase and refinance lending in Michigan, compared with all lenders in the state.
Horizon Bank originated 282 owner-occupied single-family loans in Michigan from 336 completed applications.
Its median conventional purchase loan costs were $3,640 versus $4,140 for all Michigan lenders, at a median 30-year fixed rate of 6.75% (Michigan: 6.625%).
Loans in MI
282
of 336 applications
Denial rate
7.5%
Purchase · MI 7.8%
Rate spread
+0.30 pts
Conv. · MI +0.23 pts
Loan amount
$235,000
Purchase · MI $245,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 239 | 218 | 7.5% | 6.750% | +0.30 pts | $3,640 | $235,000 |
| Refinance | 43 | 26 | 34.9% | — | +0.20 pts | $2,980 | $175,000 |
| Cash-out refinance | 54 | 38 | 29.6% | — | +0.42 pts | $3,360 | $185,000 |
*Conventional loans only; medians with at least 20 loans.
Michigan counties where Horizon Bank ranks in the top 25
| County | Rank | Loans | Market share |
|---|---|---|---|
| Missaukee County | 2 | 15 | 8.9% |
| Wexford County | 3 | 31 | 6.9% |
| Osceola County | 7 | 9 | 4.0% |
| Berrien County | 11 | 32 | 1.8% |
| Otsego County | 12 | 5 | 1.6% |
| Crawford County | 12 | 4 | 2.3% |
| Cass County | 14 | 9 | 1.4% |
| Arenac County | 15 | 3 | 1.9% |
| Kalamazoo County | 16 | 45 | 1.4% |
| Kalkaska County | 17 | 3 | 1.3% |
| Mecosta County | 22 | 5 | 1.1% |
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology