Lender profile · HMDA 2023–2025
Michigan First Credit Union mortgage approval rates & lending data
Michigan First Credit Union decided 5,137 mortgage applications and funded 3,269 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 | 86% | 1,680 / 1,953 | 97% | $185K | 1,637 |
| Home improvement loans | 49% | 922 / 1,863 | 89% | $35K | 820 |
| Cash-out refinance | 59% | 493 / 836 | 95% | $95K | 470 |
| Refinance | 79% | 254 / 322 | 92% | $205K | 234 |
| Investment property purchase | 89% | 80 / 90 | 98% | $205K | 78 |
| Investment cash-out refinance | 44% | 17 / 39 | 100% | $145K | 17 |
Michigan First Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Michigan | 67% | $185K | 5,057 | 3,208 |
| Florida | 94% | $355K | 31 | 27 |
| Ohio | 69% | $125K | 13 | 8 |
| Illinois | 100% | $315K | 5 | 5 |
| Tennessee | 100% | $525K | 5 | 4 |
| South Carolina | 100% | $325K | 4 | 4 |
| Arizona | 33% | $355K | 3 | 1 |
| North Carolina | 100% | $525K | 3 | 3 |
| Kentucky | 100% | $335K | 2 | 2 |
| Missouri | 0% | — | 2 | 0 |
| Pennsylvania | 50% | $625K | 2 | 1 |
| Texas | 50% | $305K | 2 | 1 |
| Alaska | 100% | $105K | 1 | 1 |
| Georgia | 0% | — | 1 | 0 |
| Indiana | 100% | $245K | 1 | 1 |
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.