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2024 data HMDA 2024 disclosure official source

Dickinson County

522 mortgage applications, 18.4% denial rate. Verify FIPS 26043 with U.S. Census Bureau →

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Michigan · FIPS 26043

Local mortgage market. Dickinson County, Michigan saw 522 HMDA-reported mortgage applications in 2024. Lenders originated 285 of those loans and denied 96, producing a denial rate of 18.4% and an approval (origination) rate of 54.6%. The average loan amount was $154,195 at an average note rate of 7.14%, with applicants self-reporting average annual income of $35K. 69 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.4x, meaning typical borrowers took on mortgages of about 4.4 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 26043 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

522
Applications
285
Originated
18.4%
Denial Rate
54.6%
Approval Rate
$154,195
Avg Loan Amount
7.14%
Avg Interest Rate
$35K
Avg Applicant Income
4.4x
Loan-to-Income Ratio

Nearby Lenders in Dickinson 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 Incrediblebank 37 13.0%
2 Flagstar Bank NA 35 12.3%
3 Rocket Mortgage 26 9.1%
4 Covantage Credit Union 23 8.1%
5 Mortgage Research Center 18 6.3%
Compare Incrediblebank vs Flagstar Bank NA →

Frequently Asked Questions

How many mortgage applications were filed in Dickinson County?
In the 2024 HMDA reporting year, 522 mortgage applications were filed in Dickinson County, Michigan. Of these, 285 were originated (approved and funded), while 96 were denied, resulting in a denial rate of 18.4%.
What is the mortgage denial rate in Dickinson County?
The mortgage denial rate in Dickinson County is 18.4%. The approval (origination) rate is 54.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Dickinson County?
The average mortgage loan amount in Dickinson County is $154,195. The average interest rate is 7.140%. The average applicant income is $35K.
What is the loan-to-income ratio in Dickinson County?
The average loan-to-income ratio in Dickinson County is 4.4x, meaning borrowers took on loans averaging 4.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Dickinson County?
The top mortgage lenders in Dickinson County by origination volume are Incrediblebank, Flagstar Bank NA, Rocket Mortgage. In total, 69 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.