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2024 data HMDA 2024 disclosure official source

Mecosta County

1,480 mortgage applications, 19.5% denial rate. Verify FIPS 26107 with U.S. Census Bureau →

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Michigan · FIPS 26107

Local mortgage market. Mecosta County, Michigan saw 1,480 HMDA-reported mortgage applications in 2024. Lenders originated 828 of those loans and denied 289, producing a denial rate of 19.5% and an approval (origination) rate of 55.9%. The average loan amount was $170,446 at an average note rate of 7.26%, with applicants self-reporting average annual income of $36K. 139 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.7x, meaning typical borrowers took on mortgages of about 4.7 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 26107 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,480
Applications
828
Originated
19.5%
Denial Rate
55.9%
Approval Rate
$170,446
Avg Loan Amount
7.26%
Avg Interest Rate
$36K
Avg Applicant Income
4.7x
Loan-to-Income Ratio

Nearby Lenders in Mecosta 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 71 8.6%
2 Isabella Bank 69 8.3%
3 Rocket Mortgage 65 7.9%
4 Lake Michigan Credit Union 47 5.7%
5 Mercantile Bank 40 4.8%
Compare Huntington National Bank vs Isabella Bank →

Frequently Asked Questions

How many mortgage applications were filed in Mecosta County?
In the 2024 HMDA reporting year, 1,480 mortgage applications were filed in Mecosta County, Michigan. Of these, 828 were originated (approved and funded), while 289 were denied, resulting in a denial rate of 19.5%.
What is the mortgage denial rate in Mecosta County?
The mortgage denial rate in Mecosta County is 19.5%. The approval (origination) rate is 55.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Mecosta County?
The average mortgage loan amount in Mecosta County is $170,446. The average interest rate is 7.260%. The average applicant income is $36K.
What is the loan-to-income ratio in Mecosta County?
The average loan-to-income ratio in Mecosta County is 4.7x, meaning borrowers took on loans averaging 4.7 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Mecosta County?
The top mortgage lenders in Mecosta County by origination volume are Huntington National Bank, Isabella Bank, Rocket Mortgage. In total, 139 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.