Lender profile · HMDA 2023–2025
Sturgis Bank & Trust Company mortgage approval rates & lending data
Sturgis Bank & Trust Company decided 457 mortgage applications and funded 390 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% | 193 / 196 | 86% | $245K | 166 |
| Home improvement loans | 98% | 80 / 82 | 95% | $95K | 76 |
| Cash-out refinance | 99% | 67 / 68 | 85% | $115K | 57 |
| Investment property purchase | 97% | 58 / 60 | 90% | $345K | 52 |
Sturgis Bank & Trust Company lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Michigan | 97% | $225K | 428 | 364 |
| Indiana | 100% | $375K | 27 | 24 |
| Florida | 100% | $305K | 1 | 1 |
| Georgia | 100% | $255K | 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.