PlainLender

Isabella Bank

Mt Pleasant, MI

Isabella Bank processed 964 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 662 loans with a 15.9% denial rate. Home Purchase was the primary loan purpose. Based in Mt Pleasant, MI. The approval rate of 68.7% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. Isabella Bank processed 964 HMDA-reported mortgage applications in 2024, originating 662 loans and denying 153 for a denial rate of 15.9% (applicants themselves withdrew 131 files before a decision). The average loan amount was $195,571 at a 6.380% average note rate, and applicants self-reported an average income of $32,000. The lender reports under LEI 549300XYX207IABFXL60 from Mt Pleasant, MI.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Isabella Bank's 68.7% origination rate tells you how often an application turned into funded money; the 15.9% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (957 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.

964
Applications
662
Originated
15.9%
Denial Rate
$195,571
Avg Loan Amount
Avg Interest Rate: 6.380% Avg Applicant Income: $32,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 957 660 150 $195,993
USDA 7 2 3 $137,857

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Isabella Bank (LEI: 549300XYX207IABFXL60) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
45
Debt-to-income ratio
43
Collateral
18
Other
8
Employment history
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 470 305 $247,128
Refinancing 180 144 $192,278
Home Improvement 174 120 $140,862
Other 131 87 $87,748
Cash-out Refinancing 9 6 $196,111

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 804 68.2% 15.9%
Black or African American 21 47.6% 38.1%
Joint 14 57.1% 21.4%
American Indian or Alaska Native 8 37.5% 12.5%
Asian 6 50.0% 50.0%

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 800 68.9% 16.1%
Hispanic or Latino 19 36.8% 42.1%
Joint 8 25.0% 25.0%

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 Isabella Bank vs ROCKET MORTGAGE →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did Isabella Bank process?
Isabella Bank processed 964 mortgage applications in the 2023 HMDA reporting year. Of these, 662 were originated (approved and funded), 131 were withdrawn by the applicant, and 153 were denied.
What is Isabella Bank's mortgage approval rate?
Isabella Bank has an approval (origination) rate of 68.7%, meaning 68.7% of all applications resulted in a funded mortgage. The denial rate is 15.9%.
What is the average loan amount at Isabella Bank?
The average mortgage loan amount at Isabella Bank is $195,571. The average interest rate is 6.380%. The average applicant income is $32,000.
What are the most common reasons for mortgage denial at Isabella Bank?
The most common reasons for mortgage denial at Isabella Bank are: Credit history, Debt-to-income ratio, Collateral. In total, 153 applications were denied out of 964 total applications.
What types of mortgage loans does Isabella Bank offer?
Isabella Bank processes Conventional, USDA loans. The most common type is Conventional with 957 applications and an average loan amount of $195,993.
What loan purposes does Isabella Bank serve?
Isabella Bank serves the following loan purposes: Home Purchase (470 applications), Refinancing (180 applications), Home Improvement (174 applications), Other (131 applications), Cash-out Refinancing (9 applications). Home Purchase is the most common purpose.
Where is Isabella Bank located?
Isabella Bank is headquartered in Mt Pleasant, MI. The lender is identified by LEI 549300XYX207IABFXL60 in HMDA data.
How does Isabella Bank compare in lending across racial demographics?
Isabella Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 68.2% and denial rate of 15.9%; Black or African American applicants have an approval rate of 47.6% and denial rate of 38.1%; Joint applicants have an approval rate of 57.1% and denial rate of 21.4%. 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.