Eaton County
Michigan · FIPS 26045
According to CFPB HMDA 2024 application volume among U.S. counties, Eaton County ranks #595 of 3,210, and #19 of 83 in Michigan.
Mortgage lending activity in Eaton 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. Eaton County, Michigan saw 3,941 HMDA-reported mortgage applications in 2024. Lenders originated 2,191 of those loans and denied 751, producing a denial rate of 19.1% and an approval (origination) rate of 55.6%. The average loan amount was $170,570 at an average note rate of 7.29%, with applicants self-reporting average annual income of $37K. 194 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 4.6x, meaning typical borrowers took on mortgages of about 4.6 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 Eaton County
In Eaton County, lead originator Msu Federal Credit Union funded 11.6% of 2,191 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 26.7% 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 Eaton County's 3,941 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Eaton County's $170,570 average loan (deduped against volume peers).
Lenders active in Eaton County
Msu Federal Credit Union funded 254 of the 2,191 loans originated in Eaton County, 11.6% of the county. 194 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Msu Federal Credit Union | 254 | 11.6% |
| 2 | Rocket Mortgage | 188 | 8.6% |
| 3 | Dart Bank | 144 | 6.6% |
| 4 | Union Home Mortgage Corp. | 126 | 5.8% |
| 5 | United Wholesale Mortgage | 104 | 4.7% |
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 Eaton 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 Eaton 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.