Southern Michigan Bank & Trust mortgage approval rate & lending review
Southern Michigan Bank & Trust decided 304 mortgage applications and funded 231 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Southern Michigan Bank & Trust reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Southern Michigan Bank & Trust at a glance
Approval is 4.8 points above the 82.0% 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 | 90% | 152 / 169 | 81% | $245K | 123 |
| Home improvement loans | 69% | 20 / 29 | 95% | $55K | 19 |
| Refinance | 76% | 32 / 42 | 100% | $265K | 32 |
| Investment property purchase | 95% | 38 / 40 | 100% | $205K | 38 |
Southern Michigan Bank & Trust lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Michigan | 87% | $245K | 281 | 213 |
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 Southern Michigan Bank & Trust lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Jackson County, MI | Mortgage lenders | 89% | 74 | 51 |
| Calhoun County, MI | Mortgage lenders | 90% | 50 | 38 |
The county markets where Southern Michigan Bank & Trust made the most loans. Each link opens that market with every lender ranked.
Questions about Southern Michigan Bank & Trust
What is Southern Michigan Bank & Trust's mortgage approval rate?
Southern Michigan Bank & Trust approved 86.8% of the 304 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 4.8 points above the 82.0% national rate for the same mix of loan types.
How often do borrowers take the loan Southern Michigan Bank & Trust offers?
Borrowers accepted 88% of the loans Southern Michigan Bank & Trust 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 Southern Michigan Bank & Trust make?
The typical home purchase mortgage loan Southern Michigan Bank & Trust made was $245K; across all loan types its typical loan ran from $55K to $265K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Southern Michigan Bank & Trust lend?
Southern Michigan Bank & Trust decided applications in 8 of the states Fat Boy Data covers, most of them in Michigan, Indiana and Florida.
Can I apply to Southern Michigan Bank & Trust directly?
Yes. Southern Michigan Bank & Trust is a bank or credit union with 21 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Southern Michigan Bank & Trust'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 Southern Michigan Bank & Trust treats applications, then get a rate quote from the lender.