Armed Forces Bank in Michigan vs the state
11.8%Denial rate-6.76 pts vs state
17.4%Decision denial rate-5.19 pts vs state
55.9%Origination rate-4.01 pts vs state
6.13%Median rate-0.63 pts vs state
-0.24Rate spread (pts)-0.64 pts vs state
$116kMedian applicant income
19Loans originated
4Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 18 | 12 | 5.6% | 6.81% | #438 |
| 2024 | 23 | 13 | 0.0% | 6.50% | #420 |
| 2025 | 34 | 19 | 11.8% | 6.13% | #374 |
What Armed Forces Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Armed Forces Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Macomb County | 4 | 2 | 1 | 25.0% |
| Calhoun County | 3 | 1 | 0 | 0.0% |
| Oakland County | 3 | 2 | 1 | 33.3% |
| Genesee County | 3 | 1 | 0 | 0.0% |
| Kalamazoo County | 2 | 1 | 0 | 0.0% |
| Lapeer County | 2 | 1 | 0 | 0.0% |
| Washtenaw County | 2 | 2 | 0 | 0.0% |
| Kent County | 2 | 1 | 0 | 0.0% |
| Saginaw County | 2 | 2 | 0 | 0.0% |
| St. Joseph 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: 34 applications in 2025, of which 19 were originated and 4 denied.
11.8% of all applications, or 17.4% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Armed Forces Bank originated in Michigan in 2025 was 6.13%, against a statewide median of 6.75%.
About this data. Figures are Armed Forces 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