The Mortgage Record
Lender report card · New Jersey

Michigan Mutual, Inc

Port Huron, MI · What the federal mortgage record shows about how Michigan Mutual, Inc treated New Jersey applicants, 2018–2025 — 1,027 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
93.2%
957 approved
Denial rate
6.8%
70 denied
Decisions
1,027
2018–2025
Avg. rate spread
+0.42 pp
vs. market benchmark
93.2% approved
6.8% denied

Share of 1,027 New Jersey applications Michigan Mutual, Inc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional94.4% of 797 · NJ 87%FHA89.4% of 216 · NJ 79%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

84%88%92%96%100%93%93%92%95%96%89%88%100%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Michigan Mutual, Inc’s rates ran +0.05 pp higher than the typical New Jersey lender (average rate spread +0.42 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Michigan Mutual, Inc approves

By income
Under $50k86.8% · 53$50–75k90.6% · 139$75–100k89.4% · 188$100–150k92.4% · 288$150–250k98.0% · 250$250k+98.1% · 105
By debt-to-income
Under 36%96.3% · 38236–43%96.3% · 24143–50%96.4% · 277Over 50%68.9% · 103
By down payment (LTV)
20%+ down94.5% · 62210–20% down97.3% · 745–10% down93.8% · 653–5% down87.2% · 39Under 3% down81.5% · 54

Why Michigan Mutual, Inc denied applications

Debt-to-income ratio50% of denialsCollateral (value/type)23% of denialsUnverifiable information14% of denialsCredit history11% of denialsOther11% of denialsEmployment history3% of denials

Where Michigan Mutual, Inc lends in NJ

CountyDecisionsApproval
Bergen County17590.9%
Passaic County13092.3%
Middlesex County10392.2%
Union County9296.7%
Morris County7491.9%
Essex County7393.2%
Somerset County6198.4%
Monmouth County5492.6%

Fees & closing costs

Median total loan costs
$7,858
home purchase
As % of loan
2.83%
NJ median 1.93%
Priced originations
389
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Michigan Mutual, Inc’s home-purchase originations — 0.90 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $1,790. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

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Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Michigan Mutual, Inc (LEI 549300TK6RZQSFXZHV09). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →