Lender profile · HMDA 2023–2025
MICHIGAN STATE UNIVERSITY Federal Credit Union mortgage approval rates & lending data
MICHIGAN STATE UNIVERSITY Federal Credit Union decided 4,523 mortgage applications and funded 3,779 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 | 98% | 1,999 / 2,049 | 98% | $205K | 1,964 |
| Home improvement loans | 90% | 1,167 / 1,294 | 92% | $65K | 1,069 |
| Cash-out refinance | 71% | 443 / 624 | 83% | $125K | 366 |
| Refinance | 80% | 207 / 258 | 86% | $135K | 177 |
| Investment property purchase | 94% | 157 / 167 | 99% | $145K | 156 |
| Investment cash-out refinance | 44% | 35 / 79 | 74% | $95K | 26 |
| Investment home improvement | 40% | 14 / 35 | 93% | $75K | 13 |
MICHIGAN STATE UNIVERSITY Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Michigan | 89% | $205K | 4,177 | 3,481 |
| Illinois | 88% | $335K | 109 | 87 |
| Florida | 85% | $275K | 66 | 52 |
| Ohio | 93% | $285K | 29 | 27 |
| Indiana | 100% | $235K | 25 | 24 |
| Wisconsin | 88% | $175K | 16 | 14 |
| Arizona | 100% | $275K | 14 | 14 |
| North Carolina | 100% | $285K | 13 | 13 |
| Pennsylvania | 100% | $275K | 13 | 11 |
| Georgia | 78% | $175K | 9 | 7 |
| Oregon | 100% | $545K | 9 | 9 |
| Tennessee | 100% | $525K | 8 | 8 |
| Minnesota | 86% | $375K | 7 | 6 |
| Colorado | 100% | $525K | 6 | 6 |
| Virginia | 83% | $325K | 6 | 4 |
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.