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2024 data HMDA 2024 disclosure official source

Presque Isle County

292 mortgage applications, 17.5% denial rate. Verify FIPS 26141 with U.S. Census Bureau →

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Michigan · FIPS 26141

Local mortgage market. Presque Isle County, Michigan saw 292 HMDA-reported mortgage applications in 2024. Lenders originated 158 of those loans and denied 51, producing a denial rate of 17.5% and an approval (origination) rate of 54.1%. The average loan amount was $167,432 at an average note rate of 7.33%, with applicants self-reporting average annual income of $36K. 66 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 26141 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

292
Applications
158
Originated
17.5%
Denial Rate
54.1%
Approval Rate
$167,432
Avg Loan Amount
7.33%
Avg Interest Rate
$36K
Avg Applicant Income
4.7x
Loan-to-Income Ratio

Nearby Lenders in Presque Isle 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 Rocket Mortgage 21 13.3%
2 United Wholesale Mortgage 15 9.5%
3 Huntington National Bank 11 7.0%
4 GreenStone Farm Credit Services 7 4.4%
5 Mortgage Research Center 6 3.8%
Compare Rocket Mortgage vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Presque Isle County?
In the 2024 HMDA reporting year, 292 mortgage applications were filed in Presque Isle County, Michigan. Of these, 158 were originated (approved and funded), while 51 were denied, resulting in a denial rate of 17.5%.
What is the mortgage denial rate in Presque Isle County?
The mortgage denial rate in Presque Isle County is 17.5%. The approval (origination) rate is 54.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Presque Isle County?
The average mortgage loan amount in Presque Isle County is $167,432. The average interest rate is 7.327%. The average applicant income is $36K.
What is the loan-to-income ratio in Presque Isle County?
The average loan-to-income ratio in Presque Isle 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 Presque Isle County?
The top mortgage lenders in Presque Isle County by origination volume are Rocket Mortgage, United Wholesale Mortgage, Huntington National Bank. In total, 66 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.