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2024 data HMDA 2024 disclosure official source

Grand Traverse County

3,615 mortgage applications, 16.8% denial rate. Verify FIPS 26055 with U.S. Census Bureau →

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Michigan · FIPS 26055

Local mortgage market. Grand Traverse County, Michigan saw 3,615 HMDA-reported mortgage applications in 2024. Lenders originated 2,132 of those loans and denied 607, producing a denial rate of 16.8% and an approval (origination) rate of 59.0%. The average loan amount was $271,849 at an average note rate of 7.49%, with applicants self-reporting average annual income of $37K. 197 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 26055 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

3,615
Applications
2,132
Originated
16.8%
Denial Rate
59.0%
Approval Rate
$271,849
Avg Loan Amount
7.49%
Avg Interest Rate
$37K
Avg Applicant Income
7.3x
Loan-to-Income Ratio

Nearby Lenders in Grand Traverse 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 239 11.2%
2 Lake Michigan Credit Union 237 11.1%
3 United Wholesale Mortgage 228 10.7%
4 Rocket Mortgage 144 6.8%
5 Fifth Third Bank, National Association 140 6.6%
Compare Huntington National Bank vs Lake Michigan Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Grand Traverse County?
In the 2024 HMDA reporting year, 3,615 mortgage applications were filed in Grand Traverse County, Michigan. Of these, 2,132 were originated (approved and funded), while 607 were denied, resulting in a denial rate of 16.8%.
What is the mortgage denial rate in Grand Traverse County?
The mortgage denial rate in Grand Traverse County is 16.8%. The approval (origination) rate is 59.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Grand Traverse County?
The average mortgage loan amount in Grand Traverse County is $271,849. The average interest rate is 7.486%. The average applicant income is $37K.
What is the loan-to-income ratio in Grand Traverse County?
The average loan-to-income ratio in Grand Traverse 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 Grand Traverse County?
The top mortgage lenders in Grand Traverse County by origination volume are Huntington National Bank, Lake Michigan Credit Union, United Wholesale Mortgage. In total, 197 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.