American Financing in Michigan vs the state
44.4%Denial rate+25.90 pts vs state
59.5%Decision denial rate+36.94 pts vs state
20.0%Origination rate-39.93 pts vs state
6.13%Median rate-0.63 pts vs state
0.21Rate spread (pts)-0.19 pts vs state
$74kMedian applicant income
111Loans originated
247Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 285 | 54 | 44.9% | 6.50% | #153 |
| 2024 | 460 | 110 | 50.2% | 5.99% | #122 |
| 2025 | 556 | 111 | 44.4% | 6.13% | #121 |
What American Financing lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most American Financing applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 64 | 10 | 31 | 48.4% |
| Macomb County | 39 | 5 | 22 | 56.4% |
| Oakland County | 39 | 5 | 18 | 46.2% |
| Kent County | 38 | 7 | 14 | 36.8% |
| Genesee County | 34 | 5 | 17 | 50.0% |
| Calhoun County | 19 | 4 | 9 | 47.4% |
| Muskegon County | 15 | 3 | 7 | 46.7% |
| Monroe County | 15 | 4 | 7 | 46.7% |
| Washtenaw County | 14 | 3 | 3 | 21.4% |
| Ottawa County | 13 | 3 | 6 | 46.2% |
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: 556 applications in 2025, of which 111 were originated and 247 denied.
44.4% of all applications, or 59.5% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans American Financing originated in Michigan in 2025 was 6.13%, against a statewide median of 6.75%.
About this data. Figures are American Financing'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