Lender profile · HMDA 2023–2025
Lake Michigan Credit Union mortgage approval rates & lending data
Lake Michigan Credit Union decided 33,163 mortgage applications and funded 29,738 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 96% | 17,396 / 18,028 | 99% | $285K | 17,163 |
| Home improvement loans | 86% | 7,216 / 8,404 | 93% | $55K | 6,735 |
| Cash-out refinance | 88% | 624 / 707 | 97% | $205K | 608 |
| Refinance | 91% | 4,043 / 4,449 | 96% | $105K | 3,868 |
| Investment property purchase | 95% | 1,138 / 1,204 | 99% | $295K | 1,121 |
| Investment cash-out refinance | 89% | 51 / 57 | 98% | $155K | 50 |
| Investment refinance | 81% | 84 / 104 | 90% | $205K | 76 |
| Investment home improvement | 62% | 130 / 210 | 90% | $75K | 117 |
Lake Michigan Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Michigan | 93% | $285K | 29,035 | 26,186 |
| Florida | 88% | $485K | 3,594 | 3,037 |
| Illinois | 98% | $465K | 162 | 156 |
| Ohio | 97% | $345K | 158 | 153 |
| Indiana | 97% | $365K | 106 | 102 |
| Wisconsin | 99% | $385K | 84 | 82 |
| North Carolina | 60% | $315K | 5 | 3 |
| South Carolina | 100% | $255K | 5 | 5 |
| Tennessee | 100% | $355K | 5 | 5 |
| Minnesota | 100% | $485K | 4 | 4 |
| Pennsylvania | 100% | $575K | 3 | 3 |
| Texas | 100% | $575K | 1 | 1 |
| Virginia | 100% | $575K | 1 | 1 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.