Ally Bank in Michigan vs the state
25.0%Denial rate+6.48 pts vs state
45.5%Decision denial rate+22.87 pts vs state
30.0%Origination rate-29.89 pts vs state
6.56%Median rate-0.19 pts vs state
0.10Rate spread (pts)-0.29 pts vs state
$71kMedian applicant income
6Loans originated
5Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 209 | 106 | 10.5% | 6.38% | #172 |
| 2024 | 177 | 87 | 8.5% | 6.50% | #204 |
| 2025 | 20 | 6 | 25.0% | 6.56% | #434 |
What Ally Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Ally Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 5 | 2 | 2 | 40.0% |
| Oakland County | 2 | 1 | 1 | 50.0% |
| Macomb County | 2 | 0 | 0 | 0.0% |
| Chippewa County | 1 | 0 | 0 | 0.0% |
| Ogemaw County | 1 | 1 | 0 | 0.0% |
| Calhoun County | 1 | 0 | 0 | 0.0% |
| Mackinac County | 1 | 0 | 0 | 0.0% |
| Monroe County | 1 | 0 | 0 | 0.0% |
| Kalamazoo County | 1 | 0 | 1 | 100.0% |
| Leelanau County | 1 | 0 | 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: 20 applications in 2025, of which 6 were originated and 5 denied.
25.0% of all applications, or 45.5% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Ally Bank originated in Michigan in 2025 was 6.56%, against a statewide median of 6.75%.
About this data. Figures are Ally 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