# ChoiceOne Bank

> **Canonical URL:** https://saferate.com/lenders/choiceone-bank

> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible

ChoiceOne Bank is a bank, headquartered in Sparta, MI, serving borrowers across 3 states, with 354 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 41% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 42% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300U7ERLWHOGWFM48
- **Headquarters:** Sparta, MI
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** FL, MI, TN
- **Markets (MSAs):** 5
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 59/100
- Rating: ●●●○○ (3/5)

### Pull Through: Sound ☺️
- Score: 58/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.174%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,015
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 354
- **Dollar Volume:** $91 million
- **Applications Received:** 512
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $256,017
- **Average Borrower Income:** $143,294

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (64%)
- ⭐ **Refinance Gold Superstar** (64%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 62/100 | 348 | +0.172% | $994 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 254 loans, Score: 60/100 (Sound)
- Refinance: 94 loans, Score: 64/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 58/100 | 259 | $72M | +0.307% | Sound ☺️ |
| Refinance | 62/100 | 95 | $19M | -0.210% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MI | 352 | 0.31% | 79/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Grand Rapids | MI | 114 | 71/100 |
| Warren | MI | 95 | 69/100 |
| Non |  | 65 | 49/100 |
| Muskegon | MI | 49 | 73/100 |
| Flint, MI | MI | 11 | 45/100 |

## Frequently Asked Questions

### What loan types does ChoiceOne Bank offer?

ChoiceOne Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does ChoiceOne Bank offer mortgages?

ChoiceOne Bank offers mortgages in 3 states: FL, MI, TN.

### How competitive are ChoiceOne Bank's mortgage rates?

ChoiceOne Bank has a pricing score of 59/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.174% above market average.

### What type of lender is ChoiceOne Bank?

ChoiceOne Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Sparta, MI.

### What is ChoiceOne Bank's loan approval success rate?

ChoiceOne Bank has a pull-through score of 58/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/choiceone-bank

### How to Cite

> "ChoiceOne Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/choiceone-bank

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