Lender in Michigan · HMDA 2025
Navy Federal Credit Union mortgages in Michigan
Navy Federal Credit Union's 2025 home-purchase and refinance lending in Michigan, compared with all lenders in the state.
Navy Federal Credit Union originated 567 owner-occupied single-family loans in Michigan from 690 completed applications.
Its median conventional purchase loan costs were $2,670 versus $4,140 for all Michigan lenders, at a median 30-year fixed rate of 6.75% (Michigan: 6.625%).
Loans in MI
567
of 690 applications
Denial rate
9.6%
Purchase · MI 7.8%
Rate spread
+0.01 pts
Conv. · MI +0.23 pts
Loan amount
$275,000
Purchase · MI $245,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 509 | 456 | 9.6% | 6.750% | +0.01 pts | $2,670 | $275,000 |
| Refinance | 47 | 33 | 25.5% | — | — | — | $305,000 |
| Cash-out refinance | 134 | 78 | 39.6% | — | +0.39 pts | $1,690 | $255,000 |
*Conventional loans only; medians with at least 20 loans.
Michigan counties where Navy Federal Credit Union ranks in the top 25
| County | Rank | Loans | Market share |
|---|---|---|---|
| Keweenaw County | 6 | 1 | 5.3% |
| Alpena County | 7 | 6 | 2.7% |
| Baraga County | 7 | 2 | 3.9% |
| Presque Isle County | 8 | 2 | 2.4% |
| Chippewa County | 10 | 5 | 2.4% |
| Crawford County | 10 | 4 | 2.3% |
| Ogemaw County | 11 | 3 | 1.3% |
| Schoolcraft County | 11 | 1 | 2.4% |
| Mason County | 13 | 4 | 1.3% |
| Missaukee County | 14 | 3 | 1.8% |
| Alger County | 15 | 1 | 2.1% |
| Iron County | 16 | 1 | 0.7% |
| Hillsdale County | 17 | 5 | 1.0% |
| Wexford County | 18 | 6 | 1.3% |
| Otsego County | 18 | 3 | 0.9% |
| Houghton County | 18 | 2 | 0.6% |
| Iosco County | 19 | 3 | 1.0% |
| Marquette County | 21 | 5 | 0.8% |
| Dickinson County | 21 | 2 | 0.9% |
| Calhoun County | 22 | 18 | 1.0% |
| Clinton County | 22 | 10 | 0.9% |
| Gladwin County | 22 | 3 | 0.9% |
| Van Buren County | 23 | 7 | 0.8% |
| Newaygo County | 23 | 6 | 1.0% |
| Muskegon County | 24 | 20 | 0.7% |
| Mecosta County | 25 | 4 | 0.9% |
| Emmet County | 25 | 2 | 0.6% |
- Navy Federal Credit Union nationwide
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- Navy Federal Credit Union in Ohio
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- Navy Federal Credit Union in Washington
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology