Applications / Mortgage Analytics / Lenders / Michigan / Homestead Savings Bank
Albion, MI · Savings institution · OCC · $71.6 million assets · 32 loans in 2025
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32
loans originated, 2025
57
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Homestead Savings Bank, a small Michigan savings bank that began as a savings and loan, made 32 home loans in 2025, a sliver of what it made five years before.
Its loans fell 18% in 2025, from 39, while similar lenders, savings institutions making between half and twice as many loans, fell 6%. It made 184 loans in 2020. With so few loans, a handful either way moves the figures, so the shares below are too small to read much into.
Its typical loan was $150,000, against $245,000 at similar lenders. Purchases made up 43.8% of its loans and refinances 37.5%; most of the rest were for other purposes. Every loan was conventional, as at similar lenders.
Battle Creek is its largest market. It ranked 40 of 209 lenders there, with 0.5% of the market. It has lent there, in Jackson, and in Lansing, since 1999, and all its lending is in Michigan, across seven counties.
It was once Homestead Savings and Loan Association and took its present name in 1999, the year it first reported home loans. Its newest market, Grand Rapids, dates from 2001.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Homestead Savings Bank took 57 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 43.8% · Refinance 37.5% · Other 15.6% · Home improvement 3.1%
Conventional 100.0% · of 32 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Michigan | 32 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Battle Creek | 15 |
| Jackson | 9 |
| Lansing-East Lansing | 5 |
| Grand Rapids-Wyoming-Kentwood | 1 |
| Warren-Troy-Farmington Hills | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493002MNKV62JMMPU16 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 132778 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 328667 | 1999–2007 |
| Respondent ID (the HMDA filer code before 2018) | 418109 | 2008–2010 |
| Respondent ID (the HMDA filer code before 2018) | 1718109 | 2011–2017 |
Established 1 January 1889. Reported under HMDA 1999-2025.
Mergers, name changes, data editions and corrections: Homestead Savings Bank's data.
Homestead Savings Bank's data
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Homestead Savings Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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