1st State Financial in Michigan vs the state
6.9%Denial rate-11.58 pts vs state
7.6%Decision denial rate-14.95 pts vs state
84.0%Origination rate+24.14 pts vs state
—Median rate
—Rate spread (pts)
$96kMedian applicant income
121Loans originated
10Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 216 | 172 | 6.0% | 6.63% | #170 |
| 2024 | 191 | 141 | 12.0% | — | #196 |
| 2025 | 144 | 121 | 6.9% | — | #240 |
What 1st State Financial lends in Michigan
By loan purpose
By loan type
Where in Michigan
Counties with the most 1st State Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Saginaw County | 47 | 41 | 3 | 6.4% |
| Bay County | 43 | 36 | 2 | 4.7% |
| Midland County | 23 | 17 | 2 | 8.7% |
| Arenac County | 3 | 3 | 0 | 0.0% |
| Wayne County | 3 | 2 | 1 | 33.3% |
| Genesee County | 2 | 2 | 0 | 0.0% |
| Iosco County | 2 | 1 | 1 | 50.0% |
| Calhoun County | 2 | 1 | 0 | 0.0% |
| Gladwin County | 2 | 2 | 0 | 0.0% |
| Oakland County | 2 | 2 | 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: 144 applications in 2025, of which 121 were originated and 10 denied.
6.9% of all applications, or 7.6% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are 1st State Financial'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