AmeriSave Mortgage · Michigan · 2025

AmeriSave Mortgage in Michigan: approval rate, denial rate and rates (2025)

AmeriSave Mortgage took 3,111 mortgage applications in Michigan in 2025, ranking #28 of 973 lenders active in the state. It originated 25.4% of them and denied 61.9% (70.4% of the applications it decided), against a statewide denial rate of 18.5%.

3.1kApplicationsin MI
70.4%Decision denial ratestate 22.6%
7.63%Median ratestate 6.75%
$85,000Median loanstate $155,000
$93MVolume81 counties

AmeriSave Mortgage in Michigan vs the state

61.9%Denial rate+43.39 pts vs state
70.4%Decision denial rate+47.84 pts vs state
25.4%Origination rate-34.46 pts vs state
7.63%Median rate+0.88 pts vs state
1.95Rate spread (pts)+1.55 pts vs state
$58kMedian applicant income
791Loans originated
1,926Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,63945823.5%6.25%#28
20243,29846471.7%7.50%#24
20253,11179161.9%7.63%#28

What AmeriSave Mortgage lends in Michigan

By loan purpose

Home purchase 87 3% · 51.7% denied
Refinance 79 3% · 72.2% denied
Cash-out refinance 2,945 95% · 61.9% denied

By loan type

Conventional 1,857 60% · 57.1% denied
FHA 1,099 35% · 69.0% denied
VA 151 5% · 68.2% denied
USDA / RHS 4 0% · 100.0% denied

Why it denied Michigan applicants

Incomplete application 1,019 53%
Debt-to-income ratio 249 13%
Credit history 231 12%
Collateral 206 11%
Unverifiable information 134 7%
Insufficient cash 48 2%
Other 38 2%
Employment history 1 0%

Where in Michigan

Counties with the most AmeriSave Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 705131490 69.5%
Oakland County 30394172 56.8%
Macomb County 24561144 58.8%
Genesee County 1433689 62.2%
Kent County 1384283 60.1%
Jackson County 691938 55.1%
St. Clair County 671641 61.2%
Ingham County 67948 71.6%
Muskegon County 672338 56.7%
Berrien County 661941 62.1%

Other large lenders in Michigan

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 30,64416.3%6.75%
United Shore Financial ServicesB 29,33011.7%6.60%
The Huntington National BankD 20,04730.0%7.49%
Lake Michigan Credit UnionA 16,6625.6%6.75%
Fifth Third BankD 11,17626.4%7.50%
21st MortgageF 7,42453.4%11.04%
Citizens BankC 6,59229.0%7.65%
Triad Financial ServicesD 6,42656.1%8.49%
Union Home MortgageB 5,3034.3%6.75%
PNC BankD 5,16126.3%7.36%

Frequently asked questions

Michigan: 3,111 applications in 2025, of which 791 were originated and 1,926 denied.

61.9% of all applications, or 70.4% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans AmeriSave Mortgage originated in Michigan in 2025 was 7.63%, against a statewide median of 6.75%.

About this data. Figures are AmeriSave Mortgage'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