Lender in Michigan · HMDA 2025
Lake Michigan Credit Union mortgages in Michigan
Lake Michigan Credit Union's 2025 home-purchase and refinance lending in Michigan, compared with all lenders in the state.
Lake Michigan Credit Union originated 7,027 owner-occupied single-family loans in Michigan from 7,315 completed applications, making it the state's #3 lender by volume.
Its median conventional purchase loan costs were $3,690 versus $4,140 for all Michigan lenders, at a median 30-year fixed rate of 6.50% (Michigan: 6.625%).
Loans in MI
7,027
of 7,315 applications
Denial rate
2.4%
Purchase · MI 7.8%
Rate spread
−0.07 pts
Conv. · MI +0.23 pts
Loan amount
$305,000
Purchase · MI $245,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 6,232 | 6,034 | 2.4% | 6.500% | −0.07 pts | $3,690 | $305,000 |
| Refinance | 781 | 736 | 4.2% | 6.250% | −0.17 pts | $3,060 | $285,000 |
| Cash-out refinance | 302 | 257 | 11.6% | 6.750% | +0.04 pts | $3,090 | $225,000 |
*Conventional loans only; medians with at least 20 loans.
Michigan counties where Lake Michigan Credit Union ranks in the top 25
Showing the 30 counties where it ranks highest, of 56.
| County | Rank | Loans | Market share |
|---|---|---|---|
| Kent County | 1 | 2,077 | 22.7% |
| Ottawa County | 1 | 952 | 23.8% |
| Muskegon County | 1 | 457 | 16.0% |
| Allegan County | 1 | 230 | 14.0% |
| Barry County | 1 | 113 | 12.6% |
| Newaygo County | 1 | 53 | 8.5% |
| Oceana County | 1 | 39 | 13.8% |
| Kalamazoo County | 2 | 347 | 10.6% |
| Grand Traverse County | 2 | 103 | 8.6% |
| Montcalm County | 2 | 81 | 8.5% |
| Leelanau County | 2 | 22 | 9.7% |
| Oakland County | 3 | 696 | 3.7% |
| Washtenaw County | 3 | 260 | 6.3% |
| Livingston County | 3 | 179 | 5.9% |
| Ionia County | 3 | 58 | 6.6% |
| Mecosta County | 4 | 27 | 5.7% |
| Benzie County | 4 | 16 | 7.2% |
| Lake County | 4 | 9 | 6.3% |
| Genesee County | 5 | 156 | 2.9% |
| Saginaw County | 5 | 83 | 3.8% |
| Van Buren County | 5 | 52 | 6.1% |
| Emmet County | 5 | 17 | 4.9% |
| Antrim County | 5 | 16 | 5.9% |
| Mason County | 5 | 14 | 4.5% |
| Kalkaska County | 5 | 10 | 4.3% |
| Lapeer County | 6 | 38 | 3.0% |
| Charlevoix County | 6 | 12 | 5.2% |
| Ingham County | 7 | 60 | 1.8% |
| Roscommon County | 7 | 12 | 3.3% |
| Manistee County | 7 | 10 | 3.7% |
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology