American Financial Resources in Michigan vs the state
4.3%Denial rate-14.25 pts vs state
5.4%Decision denial rate-17.21 pts vs state
74.6%Origination rate+14.75 pts vs state
6.63%Median rate-0.13 pts vs state
0.48Rate spread (pts)+0.08 pts vs state
$84kMedian applicant income
315Loans originated
18Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 116 | 60 | 20.7% | 7.25% | #250 |
| 2024 | 204 | 135 | 7.8% | 6.88% | #191 |
| 2025 | 422 | 315 | 4.3% | 6.63% | #142 |
What American Financial Resources lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most American Financial Resources applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 56 | 38 | 2 | 3.6% |
| Oakland County | 44 | 31 | 0 | 0.0% |
| Macomb County | 38 | 33 | 1 | 2.6% |
| Genesee County | 29 | 24 | 1 | 3.4% |
| Kent County | 24 | 21 | 0 | 0.0% |
| Muskegon County | 24 | 15 | 1 | 4.2% |
| Ingham County | 21 | 16 | 2 | 9.5% |
| Newaygo County | 15 | 8 | 2 | 13.3% |
| Calhoun County | 13 | 11 | 0 | 0.0% |
| Livingston County | 12 | 9 | 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: 422 applications in 2025, of which 315 were originated and 18 denied.
4.3% of all applications, or 5.4% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans American Financial Resources originated in Michigan in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are American Financial Resources'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