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Dort Financial Credit Union

GRAND BLANC, MI

Dort Financial Credit Union processed 1,213 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 818 loans with a 11.6% denial rate. Home Improvement was the primary loan purpose. Based in GRAND BLANC, MI. The approval rate of 67.4% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Dort Financial Credit Union's 67.4% origination rate tells you how often an application turned into funded money; the 11.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,160 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

1,213
Applications
818
Originated
11.6%
Denial Rate
$112,115
Avg Loan Amount
Avg Interest Rate: 7.150% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,160 782 132 $110,966
FHA 52 35 9 $135,962
USDA 1 1 0 $205,000

Top loan types - Dort Financial Credit Union

Top loan types - Dort Financial Credit Union Horizontal bar chart of the top 3 items by value (applications). Top loan types - Dort Financial Credit Union Top 3 1. Conventional 1,160 2. FHA 52 3. USDA 1 Top 5 loan types by application volume at Dort Financial Credit Union (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Dort Financial Credit Union (LEI: 254900WQ6O9JA8WI5W89) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
71
Credit history
56
Collateral
29
Other
8
Employment history
4
Unverifiable information
3
Insufficient cash
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 463 296 $62,451
Home Purchase 239 189 $220,021
Cash-out Refinancing 228 142 $90,658
Other 226 152 $75,354
Refinancing 57 39 $294,649

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 847 71.9% 10.0%
Black or African American 112 50.0% 21.4%
Joint * 7 85.7% 0.0%
Asian * 6 50.0% 16.7%
2 or more minority races * 2 0.0% 50.0%
American Indian or Alaska Native * 2 0.0% 50.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 921 69.5% 11.6%
Hispanic or Latino * 16 37.5% 25.0%
Joint * 11 72.7% 27.3%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in MI

Other HMDA-reporting lenders in MI with similar activity. Compare any two side-by-side.

Rocket Mortgage

DETROIT, MI

553,854 apps 361,071 originated 14.9% denied

United Wholesale Mortgage

Pontiac, MI

493,978 apps 366,078 originated 11.7% denied

Flagstar Bank NA

Troy, MI

67,778 apps 29,443 originated 18.5% denied

Lake Michigan Credit Union

Grand Rapids, MI

16,222 apps 12,245 originated 8.3% denied

Northpointe Bank

Grand Rapids, MI

9,882 apps 5,580 originated 5.5% denied
Compare Dort Financial Credit Union vs Rocket Mortgage →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Dort Financial Credit Union process?
Dort Financial Credit Union processed 1,213 mortgage applications in the 2024 HMDA reporting year. Of these, 818 were originated (approved and funded), 151 were withdrawn by the applicant, and 141 were denied.
What is Dort Financial Credit Union's mortgage approval rate?
Dort Financial Credit Union has an approval (origination) rate of 67.4%, meaning 67.4% of all applications resulted in a funded mortgage. The denial rate is 11.6%.
What is the average loan amount at Dort Financial Credit Union?
The average mortgage loan amount at Dort Financial Credit Union is $112,115. The average interest rate is 7.150%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at Dort Financial Credit Union?
The most common reasons for mortgage denial at Dort Financial Credit Union are: Debt-to-income ratio, Credit history, Collateral. In total, 141 applications were denied out of 1,213 total applications.
What types of mortgage loans does Dort Financial Credit Union offer?
Dort Financial Credit Union processes Conventional, FHA, USDA loans. The most common type is Conventional with 1,160 applications and an average loan amount of $110,966.
What loan purposes does Dort Financial Credit Union serve?
Dort Financial Credit Union serves the following loan purposes: Home Improvement (463 applications), Home Purchase (239 applications), Cash-out Refinancing (228 applications), Other (226 applications), Refinancing (57 applications). Home Improvement is the most common purpose.
Where is Dort Financial Credit Union located?
Dort Financial Credit Union is headquartered in GRAND BLANC, MI. The lender is identified by LEI 254900WQ6O9JA8WI5W89 in HMDA data.
How does Dort Financial Credit Union compare in lending across racial demographics?
Dort Financial Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 71.9% and denial rate of 10.0%; Black or African American applicants have an approval rate of 50.0% and denial rate of 21.4%; Joint applicants have an approval rate of 85.7% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is 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.