Grand Rapids-Wyoming-Kentwood
Metropolitan Statistical Area · MSA Code 24340
According to CFPB HMDA 2024 application volume among tracked metros, Grand Rapids-Wyoming-Kentwood ranks #66 of 418.
Mortgage lending activity in the Grand Rapids-Wyoming-Kentwood metro area based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this geography during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Metro-area mortgage activity. The Grand Rapids-Wyoming-Kentwood Metropolitan Statistical Area (MSA code 24340) recorded 43,856 HMDA-reported mortgage applications in 2024. Lenders originated 25,763 of those and denied others at a rate of 17.2%, for an approval (origination) rate of 58.7%. The average loan amount across the MSA was $207,350 at an average note rate of 7.48%. 20 major lenders are tracked for this metro - Lake Michigan Credit Union, Huntington National Bank, Fifth Third Bank, National Association lead by origination volume. Among the 418 metros tracked, Grand Rapids-Wyoming-Kentwood ranks #241 by denial rate (the 42nd percentile for approval-friendliness), and shares its 5-point denial-rate band with 241 other tracked metros.
What MSA numbers tell you, and what they don't. Metro area boundaries are defined by the U.S. Office of Management and Budget and typically span multiple counties, so a single Grand Rapids-Wyoming-Kentwood denial rate averages across urban core, inner suburbs, and outer commuter communities with very different borrower profiles. A 17.2% denial rate at the MSA level can coexist with widely varying individual-lender denial rates; $207,350 average loan size reflects the MSA's property values and the borrower pool that actually applied, not any single neighborhood. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Grand Rapids-Wyoming-Kentwood
In Grand Rapids-Wyoming-Kentwood, lead originator Lake Michigan Credit Union funded 21.7% of 25,763 originated loans, above the fleet's upper tercile (~12.8% top-1). The top three reporters together hold 33.8% of the book, so a handful of names dominate disclosed volume here.
Metros With a Similar Denial Rate
The metro areas closest to Grand Rapids-Wyoming-Kentwood's 17.2% denial rate among all 418 tracked MSAs.
Metros With Similar Application Volume
Nationwide MSAs nearest to Grand Rapids-Wyoming-Kentwood's 43,856 HMDA applications (deduped against the denial-rate neighbourhood).
Metros With a Similar Average Loan
Nationwide MSAs nearest to Grand Rapids-Wyoming-Kentwood's $207,350 average loan (deduped against denial and volume peers).
Lenders active in the Grand Rapids-Wyoming-Kentwood metro
Lake Michigan Credit Union funded 5,582 of the 25,763 loans originated here, 21.7% of the metro. 20 reporting lenders follow.
| # | Lender | Originated | Applications | Avg Loan | Market Share |
|---|---|---|---|---|---|
| 1 | Lake Michigan Credit Union | 5,582 | 7,338 | $204,320 | 21.7% |
| 2 | Huntington National Bank | 1,842 | 3,249 | $158,053 | 7.1% |
| 3 | Fifth Third Bank, National Association | 1,287 | 2,126 | $167,611 | 5.0% |
| 4 | United Wholesale Mortgage | 1,255 | 1,588 | $271,064 | 4.9% |
| 5 | Rocket Mortgage | 1,236 | 1,601 | $213,351 | 4.8% |
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. Metropolitan Statistical Areas defined by the U.S. Office of Management and Budget (OMB).
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only; does not constitute financial advice for Grand Rapids-Wyoming-Kentwood borrowers.
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 Grand Rapids-Wyoming-Kentwood 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. 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.