Lender in Michigan · HMDA 2025
Independent Bank mortgages in Michigan
Independent Bank's 2025 home-purchase and refinance lending in Michigan, compared with all lenders in the state.
Independent Bank originated 1,211 owner-occupied single-family loans in Michigan from 1,299 completed applications, making it the state's #20 lender by volume.
Its median conventional purchase loan costs were $4,130 versus $4,140 for all Michigan lenders, at a median 30-year fixed rate of 6.625% (Michigan: 6.625%).
Loans in MI
1,211
of 1,299 applications
Denial rate
4.3%
Purchase · MI 7.8%
Rate spread
+0.24 pts
Conv. · MI +0.23 pts
Loan amount
$265,000
Purchase · MI $245,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 1,039 | 991 | 4.3% | 6.625% | +0.24 pts | $4,130 | $265,000 |
| Refinance | 156 | 138 | 9.6% | 5.750% | −0.95 pts | $2,700 | $175,000 |
| Cash-out refinance | 104 | 82 | 19.2% | 6.750% | +0.29 pts | $3,680 | $205,000 |
*Conventional loans only; medians with at least 20 loans.
Michigan counties where Independent Bank ranks in the top 25
Showing the 30 counties where it ranks highest, of 34.
| County | Rank | Loans | Market share |
|---|---|---|---|
| Huron County | 3 | 25 | 8.6% |
| Leelanau County | 3 | 16 | 7.0% |
| Newaygo County | 5 | 31 | 5.0% |
| Grand Traverse County | 6 | 41 | 3.4% |
| Ionia County | 6 | 38 | 4.3% |
| Missaukee County | 6 | 8 | 4.8% |
| Antrim County | 6 | 6 | 2.2% |
| Arenac County | 6 | 4 | 2.5% |
| Saginaw County | 7 | 68 | 3.1% |
| Tuscola County | 7 | 15 | 2.5% |
| Mecosta County | 8 | 15 | 3.2% |
| Bay County | 10 | 40 | 2.9% |
| Montcalm County | 11 | 22 | 2.3% |
| Kent County | 12 | 163 | 1.8% |
| Ottawa County | 13 | 65 | 1.6% |
| Osceola County | 14 | 3 | 1.3% |
| Lake County | 14 | 2 | 1.4% |
| Van Buren County | 17 | 14 | 1.6% |
| Oscoda County | 17 | 1 | 1.1% |
| Berrien County | 18 | 18 | 1.0% |
| Iosco County | 18 | 3 | 1.0% |
| Ogemaw County | 18 | 2 | 0.9% |
| Eaton County | 19 | 18 | 1.2% |
| Midland County | 19 | 11 | 1.0% |
| Oceana County | 19 | 2 | 0.7% |
| Alcona County | 19 | 1 | 0.8% |
| Muskegon County | 21 | 22 | 0.8% |
| Benzie County | 21 | 2 | 0.9% |
| Wayne County | 22 | 181 | 1.0% |
| Barry County | 22 | 10 | 1.1% |
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology