Michigan First Credit Union mortgage approval rate & lending review
Michigan First Credit Union decided 5,137 mortgage applications and funded 3,269 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Michigan First Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Michigan First Credit Union at a glance
Approval is 7.1 points below the 74.4% 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 | 86% | 1,680 / 1,953 | 97% | $185K | 1,637 |
| Home improvement loans | 49% | 922 / 1,863 | 89% | $35K | 820 |
| Cash-out refinance | 59% | 493 / 836 | 95% | $95K | 470 |
| Refinance | 79% | 254 / 322 | 92% | $205K | 234 |
| Investment property purchase | 89% | 80 / 90 | 98% | $205K | 78 |
| Investment cash-out refinance | 44% | 17 / 39 | 100% | $145K | 17 |
Michigan First Credit Union lending by state
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 Michigan First Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Wayne County, MI | Mortgage lenders | 83% | 773 | 615 |
| Wayne County, MI | Home improvement loans | 42% | 1,062 | 378 |
| Oakland County, MI | Mortgage lenders | 89% | 426 | 373 |
| Macomb County, MI | Mortgage lenders | 87% | 246 | 206 |
| Oakland County, MI | Home improvement loans | 60% | 352 | 195 |
| Wayne County, MI | Cash-out refinance | 51% | 380 | 187 |
| Kent County, MI | Mortgage lenders | 86% | 178 | 151 |
| Macomb County, MI | Home improvement loans | 57% | 256 | 132 |
| Oakland County, MI | Cash-out refinance | 63% | 188 | 112 |
| Wayne County, MI | Refinance | 73% | 104 | 69 |
| Macomb County, MI | Cash-out refinance | 62% | 108 | 65 |
| Oakland County, MI | Refinance | 89% | 80 | 65 |
The county markets where Michigan First Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Michigan First Credit Union
What is Michigan First Credit Union's mortgage approval rate?
Michigan First Credit Union approved 67.4% of the 5,137 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 7.1 points below the 74.4% national rate for the same mix of loan types.
How often do borrowers take the loan Michigan First Credit Union offers?
Borrowers accepted 94% of the loans Michigan First 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 Michigan First Credit Union make?
The typical home purchase mortgage loan Michigan First Credit Union made was $185K; across all loan types its typical loan ran from $35K to $205K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Michigan First Credit Union lend?
Michigan First Credit Union decided applications in 20 of the states Fat Boy Data covers, most of them in Michigan, Florida and Ohio.
Can I apply to Michigan First Credit Union directly?
Yes. Michigan First Credit Union is a bank or credit union with 32 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Michigan First 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 Michigan First Credit Union treats applications, then get a rate quote from the lender.