Lake Michigan Credit Union mortgage approval rate & lending review
Lake Michigan Credit Union decided 33,163 mortgage applications and funded 29,738 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Lake Michigan Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Lake Michigan Credit Union at a glance
Approval is 13.4 points above the 79.1% 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 | 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 |
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 Lake Michigan Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Kent County, MI | Mortgage lenders | 97% | 5,062 | 4,838 |
| Kent County, MI | Home improvement loans | 88% | 3,563 | 2,945 |
| Ottawa County, MI | Mortgage lenders | 97% | 2,521 | 2,423 |
| Kent County, MI | Refinance | 91% | 2,013 | 1,732 |
| Oakland County, MI | Mortgage lenders | 98% | 1,768 | 1,696 |
| Ottawa County, MI | Home improvement loans | 90% | 1,539 | 1,303 |
| Muskegon County, MI | Mortgage lenders | 97% | 1,259 | 1,205 |
| Kalamazoo County, MI | Mortgage lenders | 97% | 959 | 919 |
| Wayne County, MI | Mortgage lenders | 96% | 840 | 798 |
| Ottawa County, MI | Refinance | 91% | 872 | 761 |
| Washtenaw County, MI | Mortgage lenders | 97% | 636 | 607 |
| Allegan County, MI | Mortgage lenders | 95% | 610 | 567 |
The county markets where Lake Michigan Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Lake Michigan Credit Union
What is Lake Michigan Credit Union's mortgage approval rate?
Lake Michigan Credit Union approved 92.5% of the 33,163 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 13.4 points above the 79.1% national rate for the same mix of loan types.
How often do borrowers take the loan Lake Michigan Credit Union offers?
Borrowers accepted 97% of the loans Lake Michigan Credit Union 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 Lake Michigan Credit Union make?
The typical home purchase mortgage loan Lake Michigan Credit Union made was $285K; across all loan types its typical loan ran from $55K to $295K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Lake Michigan Credit Union lend?
Lake Michigan Credit Union decided applications in 13 of the states Fat Boy Data covers, most of them in Michigan, Florida and Illinois.
Can I apply to Lake Michigan Credit Union directly?
Yes. Lake Michigan Credit Union is a bank or credit union with 81 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Lake Michigan Credit Union'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 Lake Michigan Credit Union treats applications, then get a rate quote from the lender.