Bank Five Nine · Michigan · 2025

Bank Five Nine in Michigan: approval rate, denial rate and rates (2025)

Bank Five Nine took 5 mortgage applications in Michigan in 2025, ranking #601 of 973 lenders active in the state. It originated 60.0% of them and denied 20.0% (25.0% of the applications it decided), against a statewide denial rate of 18.5%.

5Applicationsin MI
25.0%Decision denial ratestate 22.6%
6.38%Median ratestate 6.75%
$425,000Median loanstate $155,000
$685kVolume5 counties

Bank Five Nine in Michigan vs the state

20.0%Denial rate+1.48 pts vs state
25.0%Decision denial rate+2.42 pts vs state
60.0%Origination rate+0.11 pts vs state
6.38%Median rate-0.38 pts vs state
0.24Rate spread (pts)-0.16 pts vs state
$114kMedian applicant income
3Loans originated
1Denied

What Bank Five Nine lends in Michigan

By loan purpose

Home purchase 4 80% · 25.0% denied
Refinance 1 20% · 0.0% denied

By loan type

Conventional 5 100% · 20.0% denied

Why it denied Michigan applicants

Other 1 100%

Where in Michigan

Counties with the most Bank Five Nine applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Clinton County 101 100.0%
Schoolcraft County 110 0.0%
Gogebic County 110 0.0%
Livingston County 100 0.0%
Houghton County 110 0.0%

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: 5 applications in 2025, of which 3 were originated and 1 denied.

20.0% of all applications, or 25.0% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Bank Five Nine originated in Michigan in 2025 was 6.38%, against a statewide median of 6.75%.

About this data. Figures are Bank Five Nine'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