Mortgage Lenders and Brokers in Petoskey, Michigan
Brian McKay
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iEditorial Disclosure
Editorial DisclosureLender lists come from federal HMDA loan data. Average rates come from our daily monitoring network. Editorial content is independent of any advertiser relationships.
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✓Fact Checked
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Loan Rates Last Updated and Verified: October 7, 2026
Petoskey, Michigan mortgage lenders include Mercantile BankMercantile Bank230 Woodworth Ave, Alma, MI 48801A+5.0 ★Texas Ratio: 0.63%, Huntington National BankHuntington National Bank406 Bay St, Petoskey, MI 49770A+5.0 ★Texas Ratio: 3.66%, JPMorgan Chase Bank, NAJPMorgan Chase Bank, NA320 Howard St, Petoskey, MI 49770A+5.0 ★Texas Ratio: 3.68%, First Community BankFirst Community Bank2201 E Mitchell Rd, Petoskey, MI 49770A+5.0 ★Texas Ratio: 0.00%, Fifth Third Bank, National AssociationFifth Third Bank, National Association300 E Mitchell St, Petoskey, MI 49770A+5.0 ★Texas Ratio: 3.22%, PNC Bank N.A.PNC Bank N.A.401 Bay St, Petoskey, MI 49770A+5.0 ★Texas Ratio: 4.24%, 4Front Credit Union4Front Credit Union2215 E Mitchell Rd, Petoskey, MI 49770, Lake Michigan Credit UnionLake Michigan Credit Union496 Ada Dr SE STE 103, Ada, MI 49301, Dart BankDart Bank2469 Cedar Street, Delhi Township, MI 48842A-4.9 ★Texas Ratio: 16.59%, and Honor BankHonor Bank11926 Chippewa Hwy, Bear Lake, MI 49614A+5.0 ★Texas Ratio: 5.27%. Banks, credit unions and mortgage companies are listed together, with FHA, VA and local options flagged for quick comparison.
Lenders are ranked only by the number of home loans they closed in Petoskey, Michigan in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Petoskey are listed first, then lenders elsewhere in Michigan, then lenders from other states that closed loans there. Banks and credit unions carry a MonitorBankRates health grade, star rating and Texas Ratio, so you can judge how financially sound they are. Mortgage companies have no deposits to rate, so compare their loan programs, median loan and borrower reviews instead. Compare at least three lenders and ask each for a written loan estimate before you choose.
Mortgage Lenders and Brokers in Petoskey, Michigan
Market share is the lender's share of all home loans closed in Petoskey, Michigan. Approval share is approvals divided by completed applications. Grade is the MonitorBankRates Health and Safety Grade, available for banks and credit unions only. Average loan is the lender's mean loan amount here.
| Lender | Programs | Loans closed | Market share | Approval share | Average loan | View |
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1 office in Petoskey 230 Woodworth Ave, Alma, MI 48801 A+5.0 ★Texas Ratio: 0.63% |
Conventional, USDA, Jumbo, HELOC | 53 +9 HELOCs |
25.2% | 93% | $429,528 | View |
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2 offices in Petoskey 406 Bay St, Petoskey, MI 49770 A+5.0 ★Texas Ratio: 3.66% |
Conventional, Jumbo, HELOC | 10 +17 HELOCs |
4.8% | 71.4% | $353,000 | View |
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1 office in Petoskey 320 Howard St, Petoskey, MI 49770 A+5.0 ★Texas Ratio: 3.68% |
Conventional, VA, Jumbo, HELOC | 8 +2 HELOCs |
3.8% | 100% | $703,750 | View |
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3 offices in Petoskey 2201 E Mitchell Rd, Petoskey, MI 49770 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 6 | 2.9% | 85.7% | $266,666 | View |
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2 offices in Petoskey 300 E Mitchell St, Petoskey, MI 49770 A+5.0 ★Texas Ratio: 3.22% |
Conventional, Jumbo, HELOC | 2 +5 HELOCs |
1% | 100% | $1,520,000 | View |
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★ 1.7 stars, 3 reviews 1 office in Petoskey 401 Bay St, Petoskey, MI 49770 A+5.0 ★Texas Ratio: 4.24% |
Conventional, Jumbo, HELOC | 1 +2 HELOCs |
0.5% | 100% | $1,205,000 | View |
4Front Credit Union
2215 E Mitchell Rd, Petoskey, MI 49770 |
Conventional, HELOC | 11 +12 HELOCs |
5.2% | 100% | $162,272 | |
Lake Michigan Credit Union
496 Ada Dr SE STE 103, Ada, MI 49301 |
Conventional, Jumbo, HELOC | 8 +1 HELOCs |
3.8% | 100% | $507,500 | |
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2469 Cedar Street, Delhi Township, MI 48842 A-4.9 ★Texas Ratio: 16.59% |
Conventional, HELOC | 2 +1 HELOCs |
1% | 100% | $540,000 | View |
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11926 Chippewa Hwy, Bear Lake, MI 49614 A+5.0 ★Texas Ratio: 5.27% |
Conventional | 2 | 1% | 100% | $200,000 | View |
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1553 Lansing Rd, Charlotte, MI 48813 A+5.0 ★Texas Ratio: 1.86% |
Conventional | 2 | 1% | 100% | $540,000 | View |
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49 N Benzie Blvd, Beulah, MI 49617 A+5.0 ★Texas Ratio: 1.81% |
Conventional | 1 | 0.5% | 100% | $415,000 | View |
Community Financial
12483 State St, Atlanta, MI 49709 |
Conventional | 1 | 0.5% | 100% | $35,000 | |
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20645 Gibraltar Rd, Brownstown Twp, MI 48183 A+5.0 ★Texas Ratio: 4.92% |
Conventional | 1 | 0.5% | 100% | $485,000 | View |
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232 W Monroe St, Bangor, MI 49013 A5.0 ★Texas Ratio: 9.46% |
Conventional | 1 | 0.5% | 100% | $525,000 | View |
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6081 B Dr N, Battle Creek, MI 49014 8367 A+5.0 ★Texas Ratio: 3.56% |
Conventional | 1 | 0.5% | 100% | $215,000 | View |
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8301 Byron Center Ave Sw, Byron Center, MI 49315 A+5.0 ★Texas Ratio: 0.48% |
Conventional | 1 | 0.5% | 100% | $65,000 | View |
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34100 Woodward Ave, Birmingham, MI 48009 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 1 | 0.5% | 33.3% | $445,000 | View |
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2910 Carpenter Rd, Ann Arbor, MI 48108 A+5.0 ★Texas Ratio: 1.86% |
Conventional, Jumbo | 1 | 0.5% | 100% | $1,085,000 | View |
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2936 Wilder Rd, Bay City, MI 48706 A+5.0 ★Texas Ratio: 3.16% |
Conventional | 1 | 0.5% | 100% | $195,000 | View |
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3930 S State Rd, Ann Arbor, MI 48108 A+5.0 ★Texas Ratio: 4.12% |
Conventional | 1 | 0.5% | 100% | $705,000 | View |
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710 N Van Dyke Rd, Bad Axe, MI 48413 A5.0 ★Texas Ratio: 8.18% |
Conventional | 1 | 0.5% | 100% | $555,000 | View |
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101 N Main St Ste 100, Ann Arbor, MI 48104 A+5.0 ★Texas Ratio: 4.14% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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455 E Eisenhower Pkwy, Ann Arbor, MI 48108 A+5.0 ★Texas Ratio: 5.44% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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395 Briarwood Cir, Ann Arbor, MI 48108 A+5.0 ★Texas Ratio: 4.14% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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340 E Huron St, Ann Arbor, MI 48104 A+5.0 ★Texas Ratio: 5.54% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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1004 W Midland Rd, Auburn, MI 48611 A5.0 ★Texas Ratio: 6.46% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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318 E Mitchell St, Petoskey, MI 49770 A+5.0 ★Texas Ratio: 2.28% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Rocket Mortgage
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Conventional, FHA, VA | 22 | 10.5% | 79.3% | $250,909 | |
United Wholesale Mortgage
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Conventional, FHA | 18 | 8.6% | 100% | $341,666 | |
Legacy Mortgage
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FHA | 1 | 0.5% | 100% | $335,000 | |
Michigan Mutual, Inc
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FHA | 1 | 0.5% | 100% | $235,000 | |
Mortgage Center LC
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Conventional | 1 | 0.5% | 100% | $335,000 | |
Msu Federal Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Union Home Mortgage Corp.
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Conventional, HELOC | 5 +1 HELOCs |
2.4% | 100% | $309,000 | |
Newrez LLC
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Conventional, FHA, VA | 5 | 2.4% | 62.5% | $263,000 | |
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A4.8 ★Texas Ratio: 2.45% |
Conventional, Jumbo | 3 | 1.4% | 100% | $988,333 | View |
Alliant Credit Union
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Conventional, Jumbo | 2 | 1% | 100% | $755,000 | |
Movement Mortgage, LLC
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Conventional, VA, Jumbo | 2 | 1% | 100% | $635,000 | |
Calcon Mutual Mortgage LLC
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Conventional | 2 | 1% | 100% | $270,000 | |
Stockton Mortgage Corporation
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Conventional | 2 | 1% | 100% | $235,000 | |
The Loan Store, Inc
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Conventional, Jumbo | 2 | 1% | 100% | $1,710,000 | |
Ark-La-Tex Financial Services LLC
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Conventional | 2 | 1% | 100% | $510,000 | |
Guaranteed Rate, Inc.
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Conventional, HELOC | 1 +1 HELOCs |
0.5% | 100% | $415,000 | |
Navy Federal Credit Union
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VA, HELOC | 1 +1 HELOCs |
0.5% | 100% | $245,000 | |
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A+5.0 ★Texas Ratio: 4.32% |
Conventional, Jumbo | 1 | 0.5% | 100% | $7,505,000 | View |
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A5.0 ★Texas Ratio: 11.06% |
Conventional, Jumbo | 1 | 0.5% | 100% | $4,305,000 | View |
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A+5.0 ★Texas Ratio: 0.14% |
Conventional, Jumbo | 1 | 0.5% | 100% | $3,125,000 | View |
Equity Prime Mortgage LLC
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VA | 1 | 0.5% | 100% | $475,000 | |
Kind Lending, LLC
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FHA | 1 | 0.5% | 100% | $265,000 | |
loanDepot.com LLC
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Conventional | 1 | 0.5% | 100% | $75,000 | |
AdvantageFirst Lending Inc
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FHA | 1 | 0.5% | 100% | $235,000 | |
American Financial Network, Inc.
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Conventional | 1 | 0.5% | 100% | $145,000 | |
Cmg Mortgage Inc
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Conventional | 1 | 0.5% | 100% | $205,000 | |
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A+5.0 ★Texas Ratio: 5.37% |
Conventional | 1 | 0.5% | 100% | $205,000 | View |
Shoreham Bank
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FHA | 1 | 0.5% | 100% | $25,000 | |
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A4.7 ★Texas Ratio: 3.20% |
Conventional | 1 | 0.5% | 50% | $235,000 | View |
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A+5.0 ★Texas Ratio: 4.11% |
Conventional | 1 | 0.5% | 100% | $585,000 | View |
FineMark National Bank & Trust
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Conventional | 1 | 0.5% | 100% | $455,000 | |
Baxter Credit Union
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Conventional, Jumbo | 1 | 0.5% | 100% | $8,805,000 | |
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A+5.0 ★Texas Ratio: 0.25% |
Conventional, Jumbo | 1 | 0.5% | 100% | $1,165,000 | View |
Better Mortgage Corporation
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Conventional | 1 | 0.5% | 100% | $345,000 | |
Nations Direct Mortgage, LLC
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FHA | 1 | 0.5% | 100% | $145,000 | |
Prosperity Home Mortgage, LLC
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Conventional | 1 | 0.5% | 100% | $265,000 | |
Mutual of Omaha Mortgage
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Conventional | 1 | 0.5% | 100% | $105,000 | |
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A+5.0 ★Texas Ratio: 1.69% |
Conventional | 1 | 0.5% | 100% | $345,000 | View |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 1 | 0.5% | 100% | $595,000 | View |
Reliance First Capital, LLC
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Conventional | 1 | 0.5% | 100% | $195,000 | |
Spring Eq, LLC
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Conventional | 1 | 0.5% | 100% | $25,000 | |
Figure Lending LLC
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HELOC | 0 +6 HELOCs |
0% | n/a | ||
Oaktree Funding Corp
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Bank Fund Staff Federal Credit
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HELOC | 0 +1 HELOCs |
0% | 0% | ||
Pentagon Federal Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
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A+5.0 ★Texas Ratio: 2.32% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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A+5.0 ★Texas Ratio: 3.54% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Petoskey Mortgage Rate Trends
Daily average mortgage rates for Michigan compared with the national average, updated every evening.
Mortgage Lenders and Mortgage Brokers Near Me in Petoskey, Michigan
Looking for mortgage lenders near me or mortgage brokers near me in Petoskey? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Petoskey in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Petoskey, MI
Use these to narrow the list above. Each category shows how many Petoskey, MI lenders fit and what that kind of lender is usually best for.
Who Lends in Petoskey, MI
Independent mortgage companies closed 36.2 percent of home loans in Petoskey, Michigan in 2025, banks 48.6 percent and credit unions 15.2 percent. Rocket Mortgage was the largest mortgage company, Mercantile Bank the largest bank and 4Front Credit Union the largest credit union. Among lenders headquartered in Michigan, Mercantile Bank led with 53 loans.
How to Read This List
A high approval share with a small median loan usually points to a lender comfortable with first time and FHA borrowers. A large median loan with conventional and jumbo programs points to a move up and jumbo specialist. The health grade says whether a bank or credit union is financially sound; it says nothing about service, which is what the reviews below are for.
Title or escrow companies usually handle closings in Michigan. State real estate transfer tax of $3.75 per $500 (0.75 percent) plus a county transfer tax of $0.55 per $500 (0.11 percent), customarily paid by the seller. No mortgage recording tax.
More Michigan Mortgage Lender Pages
Frequently Asked Questions About Mortgage Lenders in Petoskey, MI
By home loans closed in 2025, Mercantile Bank was the largest mortgage lender in Petoskey, Michigan with 53 loans, about 25.2 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Among lenders with meaningful volume in Petoskey, Michigan, Mercantile Bank approved the highest share of completed applications in 2025 at 93 percent, against a 90.6 percent average for all lenders. Approval share reflects the applicants a lender attracts as much as its underwriting, so compare it alongside loan programs and median loan size. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
9 lenders closed FHA loans in Petoskey, Michigan in 2025, led by Rocket Mortgage with 3. 6 lenders closed VA loans, led by Rocket Mortgage, and 1 closed USDA rural loans. Use the FHA and VA filters above the table to see only those lenders; FHA loans allow 3.5 percent down and lower credit scores, VA loans need no down payment for eligible veterans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Yes. 32 banks and 17 credit unions closed home loans in Petoskey, Michigan in 2025, alongside 27 independent mortgage companies and brokers. Banks and credit unions carry a MonitorBankRates health grade. Mortgage companies are not deposit institutions, so they have no health grade; their HMDA figures and borrower reviews stand in. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Lenders are ranked only by the number of home loans they closed in Petoskey, Michigan during 2025 as reported under the federal Home Mortgage Disclosure Act. No lender pays to be listed or to rank higher, and reviews do not change the order. Counts cover first and second lien loans on one to four unit homes for purchase, refinance and home improvement; home equity lines are counted separately.
Methodology and Sources
Lender rankings use the loan level records that lenders file under the Home Mortgage Disclosure Act, published by the FFIEC and the Consumer Financial Protection Bureau for the 2025 reporting year. Counts include originated first and subordinate lien loans on one to four unit homes in Petoskey, Michigan for purchase, refinance and other purposes; home equity lines of credit are counted separately and reverse mortgages and business purpose loans are excluded. Approval share is originations plus approved but not accepted applications divided by all completed applications (withdrawn and incomplete files are excluded). Lender type comes from the lender's federal regulator and the FFIEC National Information Center. City figures use the Census tracts that make up Petoskey. Health grades are MonitorBankRates data and are current as of the date shown. Lenders below the HMDA reporting thresholds do not appear. MonitorBankRates receives no payment for placement on this page. Last updated October 8, 2026.
