PlainLender
2024 data HMDA 2024 disclosure official source

Menominee County

501 mortgage applications, 14.8% denial rate. Verify FIPS 26109 with U.S. Census Bureau →

PlainLender home → About this data

Michigan · FIPS 26109

Local mortgage market. Menominee County, Michigan saw 501 HMDA-reported mortgage applications in 2024. Lenders originated 285 of those loans and denied 74, producing a denial rate of 14.8% and an approval (origination) rate of 56.9%. The average loan amount was $134,301 at an average note rate of 7.17%, with applicants self-reporting average annual income of $35K. 60 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.8x, meaning typical borrowers took on mortgages of about 3.8 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 26109 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

501
Applications
285
Originated
14.8%
Denial Rate
56.9%
Approval Rate
$134,301
Avg Loan Amount
7.17%
Avg Interest Rate
$35K
Avg Applicant Income
3.8x
Loan-to-Income Ratio

Nearby Lenders in Menominee 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 Covantage Credit Union 37 13.0%
2 Stephenson National Bank & Trust 35 12.3%
3 Flagstar Bank NA 24 8.4%
4 Guaranteed Rate, INC. 19 6.7%
5 Mortgage Research Center 17 6.0%
Compare Covantage Credit Union vs Stephenson National Bank & Trust →

Frequently Asked Questions

How many mortgage applications were filed in Menominee County?
In the 2024 HMDA reporting year, 501 mortgage applications were filed in Menominee County, Michigan. Of these, 285 were originated (approved and funded), while 74 were denied, resulting in a denial rate of 14.8%.
What is the mortgage denial rate in Menominee County?
The mortgage denial rate in Menominee County is 14.8%. The approval (origination) rate is 56.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Menominee County?
The average mortgage loan amount in Menominee County is $134,301. The average interest rate is 7.173%. The average applicant income is $35K.
What is the loan-to-income ratio in Menominee County?
The average loan-to-income ratio in Menominee County is 3.8x, meaning borrowers took on loans averaging 3.8 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Menominee County?
The top mortgage lenders in Menominee County by origination volume are Covantage Credit Union, Stephenson National Bank & Trust, Flagstar Bank NA. In total, 60 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.