Lender profile · HMDA 2023–2025
Independent Bank (Michigan) mortgage approval rates & lending data
Independent Bank (Michigan) decided 5,138 mortgage applications and funded 4,408 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 94% | 2,944 / 3,117 | 100% | $295K | 2,933 |
| Home improvement loans | 67% | 643 / 955 | 98% | $75K | 628 |
| Cash-out refinance | 77% | 181 / 235 | 99% | $175K | 179 |
| Refinance | 78% | 366 / 471 | 99% | $155K | 364 |
| Investment property purchase | 92% | 268 / 291 | 99% | $255K | 266 |
| Investment home improvement | 43% | 16 / 37 | 100% | $95K | 16 |
Independent Bank (Michigan) lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Michigan | 86% | $285K | 4,844 | 4,139 |
| Ohio | 95% | $315K | 183 | 172 |
| Florida | 85% | $295K | 74 | 62 |
| Indiana | 95% | $135K | 19 | 17 |
| North Carolina | 100% | $305K | 9 | 9 |
| Illinois | 100% | $295K | 7 | 7 |
| Minnesota | 100% | $195K | 2 | 2 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.