Menominee County
Michigan · FIPS 26109
According to CFPB HMDA 2024 application volume among U.S. counties, Menominee County ranks #2,035 of 3,223, and #68 of 83 in Michigan.
Mortgage lending activity in Menominee 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. Menominee County, Michigan lenders denied 74 of the applications reported here, financing the rest 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Menominee County
In Menominee County, lead originator Covantage Credit Union funded 13.0% of 285 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 33.7% 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 Menominee County's 501 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Menominee County's $134,301 average loan (deduped against volume peers).
Lenders active in Menominee County
Covantage Credit Union funded 37 of the 285 loans originated in Menominee County, 13.0% of the county. 60 lenders reported activity here.
| # | 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% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Menominee County, from the FFIEC/CFPB HMDA Snapshot National Loan-Level Dataset (2024) -- county FIPS codes follow U.S. Census Bureau standards. Not financial advice for Menominee County borrowers. 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.