1st Source Bank in Michigan vs the state
18.6%Denial rate+0.07 pts vs state
20.7%Decision denial rate-1.92 pts vs state
64.7%Origination rate+4.79 pts vs state
7.50%Median rate+0.75 pts vs state
0.31Rate spread (pts)-0.09 pts vs state
$90kMedian applicant income
174Loans originated
50Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 243 | 158 | 16.5% | 8.25% | #160 |
| 2024 | 285 | 191 | 14.0% | 8.25% | #171 |
| 2025 | 269 | 174 | 18.6% | 7.50% | #186 |
What 1st Source Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most 1st Source Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Berrien County | 117 | 69 | 27 | 23.1% |
| Cass County | 90 | 66 | 12 | 13.3% |
| Kalamazoo County | 24 | 15 | 5 | 20.8% |
| St. Joseph County | 9 | 5 | 1 | 11.1% |
| Van Buren County | 6 | 3 | 3 | 50.0% |
| Allegan County | 5 | 1 | 1 | 20.0% |
| Lake County | 5 | 4 | 1 | 20.0% |
| Charlevoix County | 2 | 2 | 0 | 0.0% |
| Grand Traverse County | 2 | 2 | 0 | 0.0% |
| Mason County | 1 | 1 | 0 | 0.0% |
Other large lenders in Michigan
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 30,644 | 16.3% | 6.75% |
| United Shore Financial Services | B | 29,330 | 11.7% | 6.60% |
| The Huntington National Bank | D | 20,047 | 30.0% | 7.49% |
| Lake Michigan Credit Union | A | 16,662 | 5.6% | 6.75% |
| Fifth Third Bank | D | 11,176 | 26.4% | 7.50% |
| 21st Mortgage | F | 7,424 | 53.4% | 11.04% |
| Citizens Bank | C | 6,592 | 29.0% | 7.65% |
| Triad Financial Services | D | 6,426 | 56.1% | 8.49% |
| Union Home Mortgage | B | 5,303 | 4.3% | 6.75% |
| PNC Bank | D | 5,161 | 26.3% | 7.36% |
Frequently asked questions
Michigan: 269 applications in 2025, of which 174 were originated and 50 denied.
18.6% of all applications, or 20.7% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans 1st Source Bank originated in Michigan in 2025 was 7.50%, against a statewide median of 6.75%.
About this data. Figures are 1st Source Bank's own HMDA filing for properties located in Michigan, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology