Cheboygan County
Michigan · FIPS 26031
According to CFPB HMDA 2024 application volume among U.S. counties, Cheboygan County ranks #1,614 of 3,210, and #57 of 83 in Michigan.
Mortgage lending activity in Cheboygan County, Michigan based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Local mortgage market. Cheboygan County, Michigan saw 796 HMDA-reported mortgage applications in 2024. Lenders originated 414 of those loans and denied 163, producing a denial rate of 20.5% and an approval (origination) rate of 52.0%. The average loan amount was $181,972 at an average note rate of 7.25%, with applicants self-reporting average annual income of $37K. 106 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 4.9x, meaning typical borrowers took on mortgages of about 4.9 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Cheboygan County
In Cheboygan County, lead originator Rocket Mortgage funded 16.7% of 414 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 31.6% of the book; a local credit union or regional bank still sits beside the national wholesalers.
Counties With Similar Application Volume
Nationwide counties nearest to Cheboygan County's 796 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Cheboygan County's $181,972 average loan (deduped against volume peers).
Lenders active in Cheboygan County
Rocket Mortgage funded 69 of the 414 loans originated in Cheboygan County, 16.7% of the county. 106 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Rocket Mortgage | 69 | 16.7% |
| 2 | Mercantile Bank | 35 | 8.5% |
| 3 | United Wholesale Mortgage | 27 | 6.5% |
| 4 | Huntington National Bank | 24 | 5.8% |
| 5 | Pnc Bank N.A. | 17 | 4.1% |
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; does not constitute financial advice for Cheboygan County borrowers.
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 Cheboygan County 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. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.