Lender profile · HMDA 2023–2025
Southern Michigan Bank & Trust mortgage approval rates & lending data
Southern Michigan Bank & Trust decided 304 mortgage applications and funded 231 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 | 90% | 152 / 169 | 81% | $245K | 123 |
| Home improvement loans | 69% | 20 / 29 | 95% | $55K | 19 |
| Refinance | 76% | 32 / 42 | 100% | $265K | 32 |
| Investment property purchase | 95% | 38 / 40 | 100% | $205K | 38 |
Southern Michigan Bank & Trust lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Michigan | 87% | $245K | 281 | 213 |
| Indiana | 67% | $75K | 9 | 5 |
| Florida | 100% | $305K | 8 | 8 |
| Ohio | 100% | $295K | 2 | 1 |
| Arizona | 100% | $295K | 1 | 1 |
| Idaho | 100% | $535K | 1 | 1 |
| Kentucky | 100% | $145K | 1 | 1 |
| Tennessee | 100% | $115K | 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.