Independent Bank (Michigan) mortgage approval rate & lending review
Independent Bank (Michigan) decided 5,138 mortgage applications and funded 4,408 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Independent Bank (Michigan) reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Independent Bank (Michigan) at a glance
Approval is 5.7 points above the 80.7% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 94% | 2,944 / 3,117 | 100% | $295K | 2,933 |
| Home improvement loans | 67% | 643 / 955 | 98% | $75K | 628 |
| Cash-out refinance | 77% | 181 / 235 | 99% | $175K | 179 |
| Refinance | 78% | 366 / 471 | 99% | $155K | 364 |
| Investment property purchase | 92% | 268 / 291 | 99% | $255K | 266 |
| Investment home improvement | 43% | 16 / 37 | 100% | $95K | 16 |
Independent Bank (Michigan) lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Michigan | 86% | $285K | 4,844 | 4,139 |
| Ohio | 95% | $315K | 183 | 172 |
| Florida | 85% | $295K | 74 | 62 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Independent Bank (Michigan) lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Kent County, MI | Mortgage lenders | 95% | 568 | 537 |
| Wayne County, MI | Mortgage lenders | 93% | 548 | 507 |
| Oakland County, MI | Mortgage lenders | 95% | 425 | 404 |
| Kent County, MI | Home improvement loans | 73% | 280 | 199 |
| Ottawa County, MI | Mortgage lenders | 98% | 192 | 187 |
| Saginaw County, MI | Mortgage lenders | 88% | 211 | 184 |
| Macomb County, MI | Mortgage lenders | 92% | 120 | 110 |
| Washtenaw County, MI | Mortgage lenders | 96% | 113 | 109 |
| Kent County, MI | Refinance | 82% | 131 | 106 |
| Bay County, MI | Mortgage lenders | 94% | 112 | 104 |
| Livingston County, MI | Mortgage lenders | 97% | 105 | 102 |
| Oakland County, MI | Home improvement loans | 64% | 128 | 76 |
The county markets where Independent Bank (Michigan) made the most loans. Each link opens that market with every lender ranked.
Questions about Independent Bank (Michigan)
What is Independent Bank (Michigan)'s mortgage approval rate?
Independent Bank (Michigan) approved 86.4% of the 5,138 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 5.7 points above the 80.7% national rate for the same mix of loan types.
How often do borrowers take the loan Independent Bank (Michigan) offers?
Borrowers accepted 99% of the loans Independent Bank (Michigan) approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Independent Bank (Michigan) make?
The typical home purchase mortgage loan Independent Bank (Michigan) made was $295K; across all loan types its typical loan ran from $75K to $295K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Independent Bank (Michigan) lend?
Independent Bank (Michigan) decided applications in 7 of the states Fat Boy Data covers, most of them in Michigan, Ohio and Florida.
Can I apply to Independent Bank (Michigan) directly?
Yes. Independent Bank (Michigan) is a bank or credit union with 71 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Independent Bank (Michigan)'s interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Independent Bank (Michigan) treats applications, then get a rate quote from the lender.