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2024 data HMDA 2024 disclosure official source

Ottawa County

11,355 mortgage applications, 16.2% denial rate. Verify FIPS 26139 with U.S. Census Bureau →

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Michigan · FIPS 26139

Local mortgage market. Ottawa County, Michigan saw 11,355 HMDA-reported mortgage applications in 2024. Lenders originated 6,992 of those loans and denied 1,840, producing a denial rate of 16.2% and an approval (origination) rate of 61.6%. The average loan amount was $225,536 at an average note rate of 7.55%, with applicants self-reporting average annual income of $36K. 267 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.3x, meaning typical borrowers took on mortgages of about 6.3 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 26139 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

11,355
Applications
6,992
Originated
16.2%
Denial Rate
61.6%
Approval Rate
$225,536
Avg Loan Amount
7.55%
Avg Interest Rate
$36K
Avg Applicant Income
6.3x
Loan-to-Income Ratio

Nearby Lenders in Ottawa 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 Lake Michigan Credit Union 1,764 25.2%
2 Huntington National Bank 623 8.9%
3 Fifth Third Bank, National Association 432 6.2%
4 Rocket Mortgage 294 4.2%
5 United Wholesale Mortgage 288 4.1%
Compare Lake Michigan Credit Union vs Huntington National Bank →

Frequently Asked Questions

How many mortgage applications were filed in Ottawa County?
In the 2024 HMDA reporting year, 11,355 mortgage applications were filed in Ottawa County, Michigan. Of these, 6,992 were originated (approved and funded), while 1,840 were denied, resulting in a denial rate of 16.2%.
What is the mortgage denial rate in Ottawa County?
The mortgage denial rate in Ottawa County is 16.2%. The approval (origination) rate is 61.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Ottawa County?
The average mortgage loan amount in Ottawa County is $225,536. The average interest rate is 7.546%. The average applicant income is $36K.
What is the loan-to-income ratio in Ottawa County?
The average loan-to-income ratio in Ottawa County is 6.3x, meaning borrowers took on loans averaging 6.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Ottawa County?
The top mortgage lenders in Ottawa County by origination volume are Lake Michigan Credit Union, Huntington National Bank, Fifth Third Bank, National Association. In total, 267 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.