Axos Bank in Michigan vs the state
28.6%Denial rate+10.05 pts vs state
60.0%Decision denial rate+37.42 pts vs state
19.1%Origination rate-40.84 pts vs state
6.81%Median rate+0.06 pts vs state
-0.08Rate spread (pts)-0.48 pts vs state
$153kMedian applicant income
4Loans originated
6Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 32 | 3 | 37.5% | 5.88% | #367 |
| 2024 | 20 | 8 | 15.0% | 7.31% | #429 |
| 2025 | 21 | 4 | 28.6% | 6.81% | #431 |
What Axos Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Axos Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Kent County | 4 | 1 | 1 | 25.0% |
| Oakland County | 4 | 0 | 0 | 0.0% |
| Wayne County | 3 | 1 | 1 | 33.3% |
| Antrim County | 2 | 1 | 0 | 0.0% |
| Ingham County | 1 | 0 | 0 | 0.0% |
| Kalamazoo County | 1 | 1 | 0 | 0.0% |
| Macomb County | 1 | 0 | 1 | 100.0% |
| Allegan County | 1 | 0 | 1 | 100.0% |
| Eaton County | 1 | 0 | 0 | 0.0% |
| Cass County | 1 | 0 | 1 | 100.0% |
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: 21 applications in 2025, of which 4 were originated and 6 denied.
28.6% of all applications, or 60.0% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Axos Bank originated in Michigan in 2025 was 6.81%, against a statewide median of 6.75%.
About this data. Figures are Axos 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