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2024 data HMDA 2024 disclosure official source

Allegan County

5,270 mortgage applications, 19.9% denial rate. Verify FIPS 26005 with U.S. Census Bureau →

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Michigan · FIPS 26005

Local mortgage market. Allegan County, Michigan saw 5,270 HMDA-reported mortgage applications in 2024. Lenders originated 2,975 of those loans and denied 1,046, producing a denial rate of 19.9% and an approval (origination) rate of 56.5%. The average loan amount was $204,715 at an average note rate of 7.56%, with applicants self-reporting average annual income of $36K. 211 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.7x, meaning typical borrowers took on mortgages of about 5.7 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 26005 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

5,270
Applications
2,975
Originated
19.9%
Denial Rate
56.5%
Approval Rate
$204,715
Avg Loan Amount
7.56%
Avg Interest Rate
$36K
Avg Applicant Income
5.7x
Loan-to-Income Ratio

Nearby Lenders in Allegan County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Lake Michigan Credit Union 409 13.7%
2 Huntington National Bank 292 9.8%
3 Consumers Credit Union 162 5.4%
4 Rocket Mortgage 137 4.6%
5 Fifth Third Bank, National Association 128 4.3%
Compare Lake Michigan Credit Union vs Huntington National Bank →

Frequently Asked Questions

How many mortgage applications were filed in Allegan County?
In the 2024 HMDA reporting year, 5,270 mortgage applications were filed in Allegan County, Michigan. Of these, 2,975 were originated (approved and funded), while 1,046 were denied, resulting in a denial rate of 19.9%.
What is the mortgage denial rate in Allegan County?
The mortgage denial rate in Allegan County is 19.9%. The approval (origination) rate is 56.5%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Allegan County?
The average mortgage loan amount in Allegan County is $204,715. The average interest rate is 7.564%. The average applicant income is $36K.
What is the loan-to-income ratio in Allegan County?
The average loan-to-income ratio in Allegan County is 5.7x, meaning borrowers took on loans averaging 5.7 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Allegan County?
The top mortgage lenders in Allegan County by origination volume are Lake Michigan Credit Union, Huntington National Bank, Consumers Credit Union. In total, 211 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.