PlainLender
2024 data HMDA 2024 disclosure official source

Charlevoix County

1,106 mortgage applications, 20.1% denial rate. Verify FIPS 26029 with U.S. Census Bureau →

PlainLender home → About this data

Michigan · FIPS 26029

Local mortgage market. Charlevoix County, Michigan saw 1,106 HMDA-reported mortgage applications in 2024. Lenders originated 607 of those loans and denied 222, producing a denial rate of 20.1% and an approval (origination) rate of 54.9%. The average loan amount was $269,675 at an average note rate of 7.60%, with applicants self-reporting average annual income of $37K. 124 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 7.3x, meaning typical borrowers took on mortgages of about 7.3 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 26029 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,106
Applications
607
Originated
20.1%
Denial Rate
54.9%
Approval Rate
$269,675
Avg Loan Amount
7.60%
Avg Interest Rate
$37K
Avg Applicant Income
7.3x
Loan-to-Income Ratio

Nearby Lenders in Charlevoix 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 Huntington National Bank 97 16.0%
2 4front Credit Union 71 11.7%
3 Rocket Mortgage 50 8.2%
4 Mercantile Bank 45 7.4%
5 United Wholesale Mortgage 43 7.1%
Compare Huntington National Bank vs 4front Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Charlevoix County?
In the 2024 HMDA reporting year, 1,106 mortgage applications were filed in Charlevoix County, Michigan. Of these, 607 were originated (approved and funded), while 222 were denied, resulting in a denial rate of 20.1%.
What is the mortgage denial rate in Charlevoix County?
The mortgage denial rate in Charlevoix County is 20.1%. The approval (origination) rate is 54.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Charlevoix County?
The average mortgage loan amount in Charlevoix County is $269,675. The average interest rate is 7.604%. The average applicant income is $37K.
What is the loan-to-income ratio in Charlevoix County?
The average loan-to-income ratio in Charlevoix County is 7.3x, meaning borrowers took on loans averaging 7.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Charlevoix County?
The top mortgage lenders in Charlevoix County by origination volume are Huntington National Bank, 4front Credit Union, Rocket Mortgage. In total, 124 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.